Obvion, a Dutch mortgage lender owned by Rabobank, is kicking off 2017 with its 41st securitization of €1.19 billion in prime residential mortgages to homeowners in The Netherlands.

Storm 2017-1 B.V. includes five classes of notes, led by a senior Class A tranche that will comprise 93.02% of the notional value of the portfolio. The sizes of the individual series of Euro-denominated notes are to be determined. The A notes carry preliminary triple-A ratings from Moody’s Investors Service and Fitch Ratings.

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