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Pepper Money defies gloom to launch $500m RMBS issue

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Non-bank lender Pepper Money has put a $500 million residential mortgage-backed securities transaction to investors, racing out a day after the Reserve Bank’s 25bps cash rate increase.

Pepper Money chief executive Mario Rehayem. 

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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Original URL: https://www.afr.com/street-talk/pepper-money-launches-500m-rmbs-issue-20221005-p5bncv