Dutch mortgage lender Obvion, which is a subsidiary of Rabobank, is marketing securities backed by residential mortgage and construction loans via Storm 2015-II.

Standard & Poor’s has assigned a preliminary ‘AAA’ rating to the class A notes, which benefit from 7.02% credit enhancement. The notes have a legal final maturity date of June 2054 but can be callable starting in September 2021. There are also three subordinate tranches of notes with ratings ranging from 'AA+' to 'BB' and an unrated class E tranche.

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