Pepper launches PRS 27 RMBS deal

On 10 August, Pepper Group launched its residential mortgage-backed securities (RMBS) deal, PRS 27. The deal has indicative total volume of A$500 million (US$358 million), with potential to upsize, and is expected to price on or before 12 August. Commonwealth Bank of Australia is arranger for the deal, and joint lead manager alongside National Australia Bank, Macquarie Bank and Westpac Institutional Bank.