Fund manager IFM Investors has entered into a A$200 million fixed-rate environmental ESG term deposit with Commonwealth Bank. The new TD product, which is only available to institutional investors at this stage, is certified by the Responsible Investment Association Australasia as meeting the Australian and New Zealand standard for responsible investing. The bank will allocate the funds to its portfolio of sustainability-linked loans. Lender Resimac will undertake an on-market share buyback, kicking it off on December 29 and running it for up to a year. The company said in a statement that its current share price does not accurately reflect the underlying value of its assets and the buyback is an opportunity to add value to the shares that remain on issue. It did not say how much capital it would allocate to the buyback or how it would be priced. Pepper Money has priced A$800 million of auto finance-backed securities under its Sparkz program. The transaction is Pepper’s sixth public securitisation this year, worth a total of $4.8 billion. Pricing was set at a margin of 85 basis points on the A1-x notes, 90 bps on the A1-a notes and 125 bps on the B notes.