30 May 2025
Deutsche Bank’s Trust and Securities Services supports Obvion on its 50th STORM securitisation Green Storm 2025 B.V.
Deutsche Bank’s Trust and Securities Services (TSS) team has been appointed as paying and reference agent1 on Green Storm 2025 B.V., a residential mortgage-backed securitisation. This is the 50th STORM transaction in the market.
The €500m senior class A mortgage-backed notes, €26.4m mezzanine class B mortgaged-backed notes and €5.3m subordinated class C notes have been issued in accordance with the Green Bond Framework2 and are due in 2062. These global notes are backed by a portfolio comprising mortgage loans originated by Obvion N.V. (Obvion) and secured over residential properties located in the Netherlands.
Obvion is wholly owned by Cooperatieve Rabobank UA. Obvion initiated securitisations under the STORM brand in 2003, while the Green STORM transaction series was launched in 2016.
“We are delighted to support Obvion N.V. on this landmark transaction. Our collaboration on this latest deal off the STORM platform highlights the strength of our long-lasting partnership with Obvion, a well-established mortgage lender in the Netherlands,” said Stephanie McIntosh, Head of Structured Finance EMEA, Deutsche Bank.
About Obvion N.V.
Obvion N.V., a wholly owned subsidiary of Rabobank, provides mortgage financing services and has been in existence since 2002. Obvion holds a licence under the Wft to act as offeror (aanbieder) and servicer (bemiddelaar). Obvion provides responsible funding (solutions) for the housing needs of the customer based on a strong relationship and in close cooperation with its intermediaries.