Pepper Australia (Pepper) issued its first prime residential mortgage-backed securities (RMBS) deal in 2013 – a mixed tranche US dollar and Australian dollar deal – as part of its plans to gain greater exposure to the international investor base. The deal's currency mix was reweighted in favour of Australian dollar notes, but the issuer tells KangaNews all tranches were oversubscribed.
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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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