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.
Pepper Money’s (ASX:PEP) latest national Insights Roadshow series revealed the significant untapped opportunities that exist within the non-conforming borrower market.
Pepper Group Limited (Pepper) has unveiled an exciting new initiative that will see its brand refreshed and its retail consumer lending name evolve to ‘Pepper Money’ both here in Australia and across the globe.
Pepper Group Limited (Pepper), (ASX:PEP) has committed US$1.25m in equity funding to US based, global innovation network, 1776. Pepper was the lead investor in a US$7.2m round of funding.
Pepper Group Limited (Pepper) (ASX:PEP) today priced its $700 million Pepper Residential Securities Trust No.16 (“PRS16”) transaction. This is the largest non‐conform ng RMBS (Residential Mortgage‐ Backed Securities) deal in Pepper’s history, and the largest non‐conforming mortgage securitisation in the Australian market since 2006.
Pepper Asset Servicing (Pepper Ireland) has been appointed by Goldman Sachs to provide servicing on a portion of a €540 million loan book it has acquired from Danske Bank A/S, it was announced today.