Obvion pre-places more Dutch RMBS

摘要

Obvion pre-placed a prime Dutch RMBS last week, opting to sell unusually-long dated bonds at a premium for the first time. The Strong 2016 trade included €600m in Triple A notes, priced at 35bp over three-month Euribor. The bonds had a pre-set coupon of 60bp, which equated to a cash price of 101.77. All the notes were pre-placed.