Pepper launches I-Prime 2017-3 Trust RMBS

Pepper Australia (Pepper) launched its prime residential mortgage-backed securities (RMBS) transaction, Pepper I-Prime 2017-3 Trust, on 4 December. The transaction has indicative total volume of A$400 million (US$303.7 million) and pricing is expected on or before 6 December, according to arranger National Australia Bank and additional lead managers Commonwealth Bank of Australia and Westpac Institutional Bank.