On 19 October, Pepper Group launched its residential mortgage-backed securities (RMBS) deal, Pepper I-Prime 2020-1. Total indicative volume for the transaction is A$750 million (US$532.6 million), with the capacity to be upsized, and is expected to price on 22 October. National Australia Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia, Standard Chartered and Westpac Institutional Bank.
On 15 October, Moody's Investors Service assigned preliminary ratings to Allied Credit's inaugural asset-backed securities (ABS) deal, Allied Credit ABS Trust 2020-1, comprising marine, motorcycles and other equipment backed loan receivables. Total indicative volume for the transaction is A$200 million (US$142.7 million). Macquarie Bank and National Australia Bank were mandated to engage investors on 24 September.
On 15 October, FIrstmac began taking indications of interest for its Reg S, dual-currency residential mortgage-backed securities (RMBS) deal, Firstmac 2020-3. Total capped volume for the transaction, which is expected to launch in the week beginning 19 October, is A$1 billion (US$713.1 million) equivalent. J.P. Morgan and National Australia Bank are arrangers and lead managers for the deal.