Pepper spices up Australian RMBS with non-conforming

10 May 2012

Australian mortgage lender Pepper has closed the first securitisation of non-conforming loans in the country this year, raising A$300m ($304m) from a deal that could encourage more supply from specialist mortgage lenders after pricing inside guidance.

The originator got reverse enquiry for the deal after calling a pair of outstanding mortgage-backed issues that it sold in 2007. It used that demand to structure a multi-tranche securitisation that featured three senior tranches worth a total of A$248.4m — two of which priced inside final guidance. ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data