Obvion NV is a residential mortgage provider in the Dutch market and a wholly owned subsidiary of Rabobank.
In 2016, they issued Europe's first 100% green RMBS (Residential Mortgage Backed Security); meaning the assets backing the bond are residential mortgages linked to energy efficient homes. The proceeds of the bond issuance will finance those green residential mortgages.
The portfolio includes energy efficient homes, as well as houses that have been refurbished to improve energy performance. More information may be found on the news articles and the impact studies below.
Since the first such issuance in 2016, 5 more have been issued, in 2017, 2018, 2019, 2021, and 2022 with similar structures.
|
DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION |
|---|---|---|---|---|---|---|---|
| June 2016 | Residential Mortgage Backed Security | EUR 526.2m (USD 595.1m) | Netherlands | Low Carbon Buildings - Residential |
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| June 2017 | Residential Mortgage Backed Security | EUR 594.2 (USD 667.2m) | Netherlands | Low Carbon Buildings - Residential | |||
| May 2018 | Residential Mortgage Backed Security | EUR 587.8m (USD 687.9m) | Netherlands | Low Carbon Buildings - Residential |
Annual Report 2020 | ||
| July 2019 | Residential Mortgage Backed Security |
EUR 641.3m (USD 722m) |
Netherlands | Low Carbon Buildings - Residential |
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|
March 2021 |
Residential Mortgage Backed Security | EUR 531.7m (USD 636.4m) | Netherlands | Low Carbon Buildings - Residential |
Sustainalytics pre issuance report | ||
| April 2022 | Residential Mortgage Backed Security | EUR 531.6m (USD 573.39m) | Netherlands | Low Carbon Buildings - Residential | Sustainalytics pre issuance report |