Pepper launches I-Prime 2020-1 RMBS

On 19 October, Pepper Group launched its residential mortgage-backed securities (RMBS) deal, Pepper I-Prime 2020-1. Total indicative volume for the transaction is A$750 million (US$532.6 million), with the capacity to be upsized, and is expected to price on 22 October. National Australia Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia, Standard Chartered and Westpac Institutional Bank.