Obvion NV plans to issue €752.2 million ($1.02 billion) of securities backed by Dutch residential mortgages, according to Standard &Poor’s.

The transaction, STORM 2014-II, is managed by the issuer’s parent company, Rabobank International. Obvion has been an originator and servicer of residential mortgage loans in the Netherlands since 1980. In 2012, it became a wholly owned subsidiary of Rabobank Nederland.

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