Pepper Group prices record $1.1 billion I-Prime securitisation

Posted 22-10-2020


Pepper Group’s I-Prime 2020-1 transaction was priced today, issuing a record, and upsized A$1.1 billion with all tranches well covered.

Pepper Group’s Australian CEO, Mario Rehayem said, “This strong outcome for our I-Prime program highlights both the existing origination capacity and the quality and performance of our collateral. It complements our broad product offerings to the market and we are perfectly positioned to continue to help more customers and grow our market share as the leader in the Non-Bank Sector.

Pleasingly, Pepper has completed three securitisations in just four months totalling $2.8 billion whilst continuing to achieve tightened pricing each time.”

Commenting on the success of this transaction Andrew Twyford, Pepper’s Treasurer, said “We are appreciative of the strong support from our existing investors as well as being excited to continue to welcome new investors to the Pepper investor family. We also thank our joint lead managing banks in National Australia Bank, Commonwealth Bank of Australia, Standard Chartered Bank and Westpac Institutional Bank.

The deal also further demonstrates Pepper’s ongoing commitment to providing attractive investment opportunities to our global investor base whilst also delivering against our funding strategy.”

While the transaction did not require involvement (direct or otherwise) from the Australian Office of Financial Management (AOFM), Pepper Group once again wishes to express its appreciation for their willingness to participate in the transaction, and their broader support of the Australian securitisation markets.

Since inception twenty years ago, Pepper has issued in excess of $22 billion across 39 transactions.

For more information please contact:

Melinda Hofman
Senior Communications Manager
Pepper Group Limited
0438 855 991