Pepper Group
Australian nonbanks' song remains the same
Every year, KangaNews hosts Australia’s leading nonbank lenders at a sector roundtable discussion – supported since 2019 by Natixis. In keeping with the unique circumstances of 2020, this year’s roundtable was conducted via videoconference. While market conditions have changed dramatically in the past 12 months, the sector is able to tell the same story of solid funding foundations and sound credit quality.
Pepper prices Sparkz 3 ABS
Pepper launches Sparkz 3 ABS deal
On 8 December, Pepper Group launched its auto and equipment asset-backed securities (ABS) deal, Pepper Sparkz 3. Capped volume for the transaction is A$615.9 million (US$456.8 million) and is expected to price 11 December. Westpac Institutional Bank is arranger and joint lead manager alongside BofA Securities, MUFG Securities, National Australia Bank, RBC Capital Markets and Societe Generale.
Pepper taking indications of interest for Sparkz 3 ABS deal
On 4 December, Pepper Group began taking indications of interest for its auto and equipment asset-backed securities (ABS) deal, Pepper Sparkz 3. Capped volume for the transaction is A$615.9 million (US$458.1 million) and is expected to launch in the week beginning 7 December. Westpac Institutional Bank is arranger and joint lead manager alongside BofA Securities, MUFG Securities, National Australia Bank, RBC Capital Markets and Societe Generale.
Pepper mandates new ABS deal
On 26 November, Pepper Group revealed plans to meet investors ahead of a potential auto and equipment asset-backed securities (ABS) deal, Pepper SPARKZ Trust 3. BofA Securities, MUFG Securities, National Australia Bank, RBC Capital Markets, Societe Generale and Westpac Institutional Bank will arrange investor meetings.
Pepper prices A$750 million PRS 28 RMBS deal
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
