Pepper preparing PRS 20 RMBS refinancing

On 21 February, Pepper Group (Pepper) mandated National Australia Bank for a refinancing of the Class A1-u2 notes from its PRS 20 residential mortgage-backed securities (RMBS) deal. The tranche has indicative volume of A$105.7 million (US$70 million), credit enhancement of 47.3 per cent and weighted average life of 1.8 years. The deal is expected to launch in the week beginning 9 March.

Start your engines – Pepper and Liberty kick off auto ABS for 2020

Nonmortgage securitisation for 2020 got under way in January with auto asset-backed securities (ABS) deals from Pepper Group (Pepper) and Liberty Financial (Liberty). Ongoing investor appetite for diversifying collateral in the sector buoyed demand, deal sources say.

Pepper prices first ABS deal for 2020

Pepper launches SPARKZ ABS deal

On 20 January, Pepper Group (Pepper) launched its new auto and equipment asset-backed securities (ABS) transaction, Pepper SPARKZ Trust 2. Total capped volume for the deal is A$616.7 million (US$424.4 million), with pricing expected on 23 January. Bank of America, MUFG Securities, National Australia Bank, RBC Capital Markets, Societe Generale and Westpac Institutional Bank are joint lead managers.

Pepper taking indications of interest for SPARKZ ABS deal

On 16 January, Pepper Group (Pepper) began taking indications of interest for its new auto and equipment asset-backed securities (ABS) transaction, Pepper SPARKZ Trust 2. Total capped volume for the deal is A$618.5 million (US$427.2 million), according to National Australia Bank.