Pepper plans new multicurrency RMBS deal

Pepper Group (Pepper) revealed plans to bring a new prime residential mortgage-backed securities (RMBS) transaction on 21 March, with tranches in Australian dollars and in US dollars in 144A and Reg S formats. Citi, Commonwealth Bank of Australia, National Australia Bank and Standard Chartered have been mandated to arrange a series of investor meetings in the US during the week beginning 25 March and in the week commencing 1 April in Australia.

Pepper clears European regulation hurdle for latest RMBS deal

Pepper Group (Pepper) became the first non-EU issuer globally to undertake a securitisation under new European regulations via a new residential mortgage-backed securities (RMBS) deal priced on 22 February. The issuer says extensive work was needed to get to grips with the regulations, which were still being finalised as Pepper marketed the deal.

Pepper prices Australian dollar tranches of PRS 23 RMBS deal

Pepper launches PRS 23 RMBS deal

On 19 February, Pepper Group (Pepper) launched its capped A$750 million (US$534.6 million) equivalent residential mortgage-backed securities (RMBS) transaction, PRS 23. The deal includes a US dollar denominated tranche as well as a euro denominated tranche backed by green mortgages. Pricing is expected on or around 21 February.

Pepper starts marketing PRS 23 RMBS deal

On 14 February, Pepper Group (Pepper) began taking indications of interest for a capped A$750 million (US$531.8 million) equivalent residential mortgage-backed securities (RMBS) transaction, PRS 23. The deal will include a US dollar denominated tranche and a euro denominated tranche backed by green mortgages.