On 6 August, Pepper Group began taking indications of interest for its residential mortgage-backed securities (RMBS) deal, PRS 27. The deal has indicative total volume of A$500 million (US$360.1 million) with potential to upsize and is expected to launch in the week beginning 10 August. Commonwealth Bank of Australia is arranger for the deal, and joint lead manager alongside National Australia Bank, Macquarie Bank and Westpac Institutional Bank.