Experienced treasury executive, Paul Byrne has joined Global Credit provider Pepper Group as Group Treasurer.
Pepper Group has priced its first ever $1 billion RMBS issue, Pepper Residential Securities Trust No 20 (PRS20). PRS20 attracted the strongest ever over-subscription, exceeding $2 billion demonstrating extremely strong and diverse investor interest.
Pepper Group Limited has today priced its 3rd issue of the year, the PRS19 RMBS issue following extremely strong investor support which resulted in a total AUD equivalent order book approaching $1.9bn.
Pepper is pleased to announce the appointment of Mario Rehayem to the role of Country CEO for Australia following the ongoing success and growth of the Pepper business in its home market.
The Directors of Pepper Group Limited (“Pepper”) announced the proposed acquisition of Pepper by an affiliate of KKR, a leading global investment firm.
Pepper Group has priced its second $1 billion non-conforming RMBS issue, Pepper Residential Securities Trust No 21 (PRS21). This transaction is Pepper’s third securitisation for the year and comes just 4 months since its first ever billion dollar transaction.
Research released by Pepper Money found that 3.6 million (18 per cent) of Aussies have been turned down for a loan by a financial institution and more than half (54 per cent) of those turned down for a loan were unaware that there was another option.
Pepper Group Limited (Pepper), (ASX:PEP) refinances US$170m bond relating to Pepper Residential Securities Trust (PRS) 16, a non-conforming RMBS issue which initially priced in March 2016.
Pepper Money has cut interest rates by 15 basis points across its home loan products for new and existing customers. This change is effective from Monday 29 August 2016.
Pepper Group has announced that Pepper’s Spanish subsidiary, Pepper Spain will form a 50/50 Joint Venture with Spanish Bank, Banco Popular.
This joint venture will focus on the Spanish unsecured consumer finance market.