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 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
Pepper launches PRS 28 RMBS transaction
On 9 November, Pepper Group launched its residential mortgage-backed securities (RMBS) deal, PRS 28. Total capped volume for the transaction is A$750 million (US$545.9 million) and is expected to price by 11 November. National Australia Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia, Macquarie Bank and Westpac Institutional Bank.
Pepper taking indications of interest for PRS 28 RMBS deal
On 6 November, Pepper Group began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, PRS 28. Total capped volume for the transaction is A$750 million (US$544 million) and is expected to launch in the week beginning 9 November. National Australia Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia, Macquarie Bank and Westpac Institutional Bank.
nonbank Yearbook 2020
KangaNews's fourth annual guide to the business and funding trends in Australia's nonbank financial-institution sector.
