Pepper Group
Nonbanks navigate changing conditions
In September 2018, KangaNews hosted its third annual roundtable discussion for nonbank lenders. Sector leaders discuss a more challenging funding environment and the shifting sands of the Australian property market and regulatory landscape, calling attention to the ongoing growth opportunity before them.
Pepper returns with quick-fire RMBS
After issuing PRS 26 in June, Pepper Group returned with its PRS 27 residential mortgage-backed securities (RMBS) deal on 12 August with, the issuer says, renewed support from offshore investors.
Pepper prices A$1 billion PRS 27 RMBS deal
Pepper launches PRS 27 RMBS deal
On 10 August, Pepper Group launched its residential mortgage-backed securities (RMBS) deal, PRS 27. The deal has indicative total volume of A$500 million (US$358 million), with potential to upsize, and is expected to price on or before 12 August. Commonwealth Bank of Australia is arranger for the deal, and joint lead manager alongside National Australia Bank, Macquarie Bank and Westpac Institutional Bank.
Pepper starts marketing PRS 27 RMBS transaction
On 6 August, Pepper Group began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, PRS 27. The deal has indicative total volume of A$500 million (US$360.1 million) with potential to upsize and is expected to launch in the week beginning 10 August. Commonwealth Bank of Australia is arranger for the deal, and joint lead manager alongside National Australia Bank, Macquarie Bank and Westpac Institutional Bank.
Pepper preparing nonconforming RMBS deal
On 28 July, Pepper Group mandated Citi, Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Institutional Bank to engage investors regarding a potential Australian dollar denominated, nonconforming, residential mortgage-backed securities (RMBS) transaction.
nonbank Yearbook 2019
KangaNews's third annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
