Green STORM 2018 equals post-crisis tight in widening mart (Sustainabonds)

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Obvion Mortgages priced its third green residential mortgage-backed securities (RMBS) issue flat to a post-crisis Dutch RMBS tight on 19 May, and its head of balance sheet management and funding cited its green nature as helping a EUR550m senior tranche achieve the tight pricing against a widening backdrop.

The Rabobank subsidiary launched the first green RMBS in June 2016, a EUR500m deal backed by mortgages against energy efficient properties, and the Dutch issuer followed this up with a second Green STORM transaction last year.

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