PEPPER GROUP
P&N BANK
AUSTRALIAN ADI
NO
AUSTRALIAN ADI
YES
SECURITISATION PROGRAMME NAME
PINNACLE
AUSTRALIAN SECURITISATION PROGRAMME NAMES
PEPPER RESIDENTIAL SECURITIES (PRS), PEPPER PRIME, PEPPER I-PRIME, SPARKZ
USE OF S E C UR IT IS AT I O N TYPES OF SECURITISATION ISSUED
RMBS, ABS
NUMBER OF SECURITISATIONS ISSUED1
28 PRS (13 OUTSTANDING, 15 CALLED), 4 PEPPER PRIME (4 CALLED), 6 PEPPER I-PRIME (6 OUTSTANDING), 3 SPARKZ (3 OUTSTANDING)
TOTAL VOLUME ISSUED1
A$23.3BN EQUIVALENT
TOTAL DOMESTIC VS OFFSHORE ISSUANCE2
~84% DOMESTIC ~16% OFFSHORE
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF
CONTACT ISSUER
As at 31 December 2020. 1 Austral∫ian platform issuance only. 2 Twelve issues in the PRS series have included US dollar tranches with four issues of the PRS series also including euro notes. Two issues in the Pepper I-Prime series have included US dollar tranches.
E
stablished in 2000, Pepper Group is a leading Australianheadquartered financial-services group with businesses in Australia, Asia and Europe encompassing lending and asset servicing. In Australia, Pepper’s asset originations include prime and nonconforming mortgages, auto and equipment receivables, and small-ticket commercial real estate. In New Zealand, the firm originates residential mortgages. Pepper’s approach to securitised debt funding is to be a frequent issuer to a globally diversified investor base across a number of asset classes. As part of this strategy, Pepper issues a variety of tenors, currencies and repayment formats. The company began issuing in 2003 and has a 100% track record of calling each deal at the first available call date. Pepper believes in a proactive engagement model with its global investor base, providing all investors the opportunity to understand the corporate strategy, deal-related specifics, the approach to issuance pipeline and any new asset classes or platforms coming to the market. Pepper is a third-party servicer and asset manager across a range of asset classes. It has more than A$83.5 billion in assets under management globally as at 30 June 2020.
USE OF SE CURI T I SAT I ON TYPE OF SECURITISATION ISSUED
PRIME RMBS
PROPORTION OF OUTSTANDING WHOLESALE FUNDING SOURCED VIA SECURITISATION
31%
NUMBER OF SECURITISATIONS ISSUED
2
TOTAL VOLUME ISSUED
A$650M
TOTAL DOMESTIC VS OFFSHORE ISSUANCE
100% DOMESTIC
OUTSTANDING VOLUME OF SECURITISED ISSUES
A$199M
PROPORTION OF SECURITISATION PORTFOLIO IN COVID-19 PAYMENT RELIEF
NOT DISCLOSED
P
&N Bank is a division of Police & Nurses Limited. Since the merger with bcu, formerly Bananacoast Community Credit Union, in late 2019, P&N Bank operates within the organisation’s multibrand, customer-owned banking model. P&N Bank trades in Western Australia and bcu in New South Wales and south-east Queensland, sharing group services located across all three states. Both customer-owned banking brands value the strong heritage established over many decades in their respective regions and offer a genuine banking alternative for people who value competitive and convenient banking products, outstanding customer service and a local, community focus. P&N Bank and bcu strive to create exceptional member experiences for their existing 160,000 members, while educating more Australians about the benefits of customerowned banking. Police & Nurses Limited is an authorised deposit-taking institution, regulated to the same high standards as the major banks by the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission, the Australian Transaction Reports and Analysis Centre, and the Australian Competition and Consumer Commission.
◆ please contact:
Andrew Twyford Treasurer +61 401 039 700 | atwyford@pepper.com.au Steven Fischer Deputy Australian Treasurer +61 413 782 557 | sfischer@pepper.com.au www.pepper.com.au
◆ please contact:
David Creamer Treasurer +61 8 9219 7845 | treasury@pnbank.com.au www.pnbank.com.au 107
