Obvion issued a €744.3 million ($1.3 billion) Dutch RMBS dubbed STORM 2011-IV B.V.
Moody's Investors Service assigned provisional credit ratings to the transaction. The €150 million, Class A-1 Notes have been assigned an 'Aaa (sf)' rating; the €550 million, A-2 notes a 'Aa1' rating; the €13.3 million, Class B notes a 'Aa1' rating; the €11.1 million, Class C notes a 'Aa3' rating; the €12.5 million, Class D notes a 'A1' rating and the €7.4 million, Class E notes a 'Baa3' rating.
The securitization is backed by Dutch prime mortgage loans on residential properties located in the Netherlands and originated by Obvion N.V. The portfolio will be serviced by Obvion.
Another Dutch RMBS Joins New Issue Pipeline
October 31, 2011, 1:09 p.m. EDT 1 Min Read
