Pepper launches PRS 24 RMBS deal

On 13 May, Pepper launched its nonconforming and prime residential mortgage-backed securities (RMBS) deal, Pepper PRS 24. The forthcoming transaction has capped total volume of A$750 million (US$523.2 million) equivalent, including Australian dollar, euro and US dollar tranches in Reg S and 144a formats. The euro tranche will be exclusively backed by green mortgages. Pricing is expected on or around 15 May.