Pepper Money Limited (Pepper Money) (ASX: PPM) has been awarded the prestigious KangaNews Australian Nonbank Financial Institution Issuer of the Year 2022. The award is based solely on polling of participants in the Australian and New Zealand debt markets.
Pepper Money has been issuing securitisation deals since 2003 and has a 100 per cent track record of calling every deal at the first available call date. The Company is a frequent issuer into a globally diversified investor base, across a number of asset classes, a variety of tenors, currencies and repayment formats.
Pepper Money’s Treasurer Anthony Moir said, “I am delighted that Pepper Money has been named KangaNews Australian Nonbank Financial Issuer of the Year. This award is an endorsement of our purpose (not price) led value proposition.
“It has been pleasing to see ongoing demand for our various funding programmes throughout the year despite significant changes in market conditions. Notwithstanding the degree of market volatility, 2022 has been a standout year for our business reflecting our ability to be flexible and robust and source funding from a range of private to public markets. This continues to enhance our efficient, diverse and scalable funding platform.”
In December 2022, Pepper established a new A$1.0 billion private revolving funding facility to fund the growth of its Asset Finance business. This was in addition to raising A$750 million in October for non-conforming mortgages (PRS 34). This calendar year Pepper has completed seven public securitisations raising a total of A$5.1 billion. The funding has supported continued growth in both its mortgages and asset finance businesses.
Mr Moir concluded, “Pepper Money’s cascading credit model, coupled with our leading turnaround times, high quality customer service, ongoing broker support and strong distribution network enable us to deliver on our mission of helping customers succeed.
“Our funding strategy and end to end platforms, differentiate Pepper Money from traditional lenders by enabling us to provide customers with a higher degree of loan approval certainty through one single application. In this way, we meet the needs of a wider range of customers and are able to capitalise on a more market opportunities to deliver sustainable and profitable growth.”
For more information please contact:
Senior Marketing Communications Manager
0412 033 103
0419 593 348
Reunion Capital Partners
0417 695 138