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IssuerAugust 1 2016

Obvion enters greener territory with RMBS bond

Dutch mortgage provider Obvion, owned by Rabobank, issued its first ever green RMBS transaction in June 2016. Joanne Hart looks at how it fared in this new market.
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Obvion is one of the leading mortgage providers in the Netherlands, with some 190,000 customers and a portfolio valued at more than €30bn. Wholly owned by Rabobank since 2002, Obvion sources all of its funding externally and has issued more than €40bn of securitisation deals. 

In June of this year, however, Obvion broke new ground, issuing the first ever, green residential mortgage-backed securities (RMBS) transaction, Obvion Green Storm, backed entirely with energy-efficient homes or those that had made significant improvements to their carbon footprint. 

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