Pepper lining up A$750 million nonconforming RMBS transaction

On 15 April, Pepper Group revealed plans for a A$750 million (US$579.1 million) capped, nonconforming, residential mortgage-backed securities (RMBS) transaction, PRS29. Commonwealth Bank of Australia, Macquarie Bank, National Australia Bank and Westpac Institutional Bank have been mandated to engage investors. The deal may launch in the week beginning 26 April.