Pepper launches PRS 28 RMBS transaction

On 9 November, Pepper Group launched its residential mortgage-backed securities (RMBS) deal, PRS 28. Total capped volume for the transaction is A$750 million (US$545.9 million) and is expected to price by 11 November. National Australia Bank is arranger and joint lead manager alongside Commonwealth Bank of Australia, Macquarie Bank and Westpac Institutional Bank.