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A non-bank lender has priced its highest securitisation to date with its I-Prime 2020-1 transaction.
This most recent transaction from Pepper Group, which was priced at $1.1bn, is the lender’s third securitisation in just four months, following most closely from the $1bn securitisation Pepper made in August.
The value of the group's transactions in the four-month period have reached $2.8bn.
Pepper Australia CEO Mario Rehayem said the strong results of its I-Prime program reflect the group's existing origination capacity and the quality and performance of its collateral.
“It complements our broad product offerings to the market and we are perfectly positioned to continue to help more customers and grow our market share as the leader in the non-bank sector," he said.
Pepper Treasurer Andrew Twyford said the transaction also indicates the group's commitment to provide attractive investment opportunities for its investors.
"We are appreciative of the strong support from our existing investors as well as being excited to continue to welcome new investors to the Pepper investor family," said Twyford.
This latest deal brings Pepper Group's overall numbers to 39 transactions worth in excess of $22bn in the span of 20 years.
