Pepper prices as Barclays readies Interstar's $1bn MBS

25 May 2006

Barclays Capital and Commonwealth Bank of Australia this week priced a A$350m ($263.4m) securitisation of Australian non-conforming mortgages for Pepper Homeloans.

Pepper Residential Securities Trust 5 offered three tranches of 1.66 year average life triple-A notes. The most senior came at 19bp over the bank bills swap rate (BBSW), ...

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