On 8 May, Pepper Group (Pepper) began taking indications of interest for its residential mortgage-backed securities (RMBS) transaction, Pepper PRS 24. The deal is capped at A$750 million (US$526.8 million) equivalent, with the euro denominated tranche backed exclusively by green mortgages. Commonwealth Bank of Australia, Citi, Natixis, National Australia Bank, Societe Generale and Westpac Institutional Bank are joint lead managers.