Loyens & Loeff is deal counsel for Obvion’s STORM 2019-I
First STS RMBS securitisation in Europe.
The first STS RMBS securitisation in Europe
On 26 March 2019 Obvion launched the STORM 2019-I transaction, the first announced European RMBS securitisation transaction intended to meet the STS (simple, transparent and standardised) requirements under the Securitisation Regulation that became effective on 1 January 2019. Institutional investors in notes issued under transactions meeting the STS requirements have the benefit of enhanced capital requirements. Loyens & Loeff as deal counsel for Obvion drafted the documentation in consultation with Obvion, the managers Rabobank and JP Morgan and their respective counsels and the STS third party verification agent PCS.
For more information you can also read this article in Het Financieele Dagblad (dutch only).