The non-bank has confirmed this second public securitisation for the year brings its total public market funding to $1.5 billion. Pepper Money Limited (Pepper) has revealed that it has priced its late
The non-bank is tracking to end the year with $4. 8 billion in security transactions, following its sixth public transaction for 2021. Pepper Money (Pepper) has revealed it is moving to complete a $8
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Mortgage Business
Pepper issues second RMBS for 2021 By Reporter 30 April 2021
The non-bank lender has priced a $750-million non-conforming transaction, with pricing for the AI notes at the lowest price since before the GFC.
Pepper Group has announced that it has priced a $750-million residential mortgage-backed securities (RMBS) transaction called the PRS29.
The non-conforming transaction has marked the non-bank lender’s second securitisation this year.
According to Pepper, the PRS program comprises a mix of non-conforming and prime mortgages and is designed to boost the funding of its asset originations.
The arranger for the transaction was Westpac, while the Commonwealth Bank of Australia (CBA), National Australia Bank (NAB) and Macquarie Bank acted as joint lead managers.