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Thursday, 21 February 2019

MBS

Australian flag is planted on a sandbag wall protecting a business on a flooded street in Brisbane.

Aussie MBS issuer Pepper sells second euro tranche

21 February 2019

Pepper Group sold a €100m tranche off its latest non-conforming Australian RMBS on Thursday, the second time in three months it has tapped European investors.

Australian thongs

Pepper offers RMBS euro update

20 February 2019

Books for the euro tranche off Pepper Group’s Australian RMBS Pepper Residential Securities 23 are over 1.2 times covered, although a large portion of the demand has come from the joint lead managers.

Westpac returns for A$3bn

IFR 2271 16 February to 22 February 2019

Westpac raised an upsized A$3bn (US$2.17bn) from its first RMBS issue since May 2015, last Friday’s self-led funding-only prime offering, WST 2019-1.

Pepper sets Aussie tranche guidance

IFR 2271 16 February to 22 February 2019

Non-bank lender Pepper Group has released initial guidance for the three senior Australian dollar tranches of its capped A$750m multi-currency non-conforming RMBS, Pepper PRS 23.

Medallion refinances 2014 note

IFR 2271 16 February to 22 February 2019

The A$300m refinancing of the Class A3 MEDL 2014-1 notes under the Medallion RMBS programme priced last Thursday at the tight end of revised one-month BBSW plus 100bp–105bp guidance. Initial price talk was in the 105bp area.

Bank investors turn up for Lanark RMBS

IFR 2271 16 February to 22 February 2019

Bank investors took 35% of the sterling tranche from Clydesdale Bank’s Lanark 2019-1, according to statistics released at the start of last week.