Pepper Group has completed its fourth issue of residential mortgage-backed securities since June, raising A$750 million in the latest deal and $3.55 billion in total.

The issue, PRS 28, was a non-conforming securitisation. Pepper said the deal attracted some new investors.

Pricing on the issue included a margin of 90 basis points over the one-month bank bill swap rate on the A1-s notes, a margin of 140 bps on the A1-a notes, 175 bps on the A2 notes, 201 bps on the B notes and 275 bps on the C notes.