Pepper Group

Friday, 23 March 2018
Apr/May 2018

Global demand drives Pepper’s latest RMBS book past A$2 billion

Demand for Pepper’s latest residential mortgage-backed securities (RMBS) transaction surpassed A$2 billion (US$1.5 billion) including a substantial offshore bid. The deal was well underway before market volatility spiked again, but the issuer says the main driver of investor support was its long-term and ongoing offshore investor-relations campaign.

Wednesday, 12 September 2018

Pepper plans prime RMBS transaction

On 12 September, Pepper Group (Pepper) mandated Citi, Commonwealth Bank of Australia and National Australia Bank to arrange a series of investor meetings, commencing 18 September, in Australia and the US. A prime residential mortgage-backed securities (RMBS) transaction, with Australian dollar and US dollar denominated tranches in 144A and Reg S formats, may follow.

Monday, 23 July 2018

Pepper launches PRS 21 RMBS deal

On 23 July, Pepper Group (Pepper) launched its nonconforming and prime residential mortgage-backed securities (RMBS) transaction, PRS 21. The deal has an indicative total volume of A$700 million (US$519.6 million) equivalent, including the US dollar denominated Class A1-u notes. Pricing is expected on or before 27 July.

Thursday, 19 July 2018

Pepper starts marketing PRS 21 RMBS deal

On 19 July, Pepper Group (Pepper) began taking indications of interest for its residential mortgage-backed securities (RMBS) transaction, PRS 21. The deal will include the US dollar denominated Class A1-u notes and may launch as early as the week beginning 23 July.

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