Australia's residential mortgage-backed pipeline showed no sign of easing last week, with Pepper Homeloans, Bank of Western Australia (BankWest) and National Australia Bank (NAB) prepping deals, while Members Equity completed its first deal of the year.

Pepper, the non-conforming and subprime mortgage originator, has appointed Barclays Capital and Commonwealth Bank of Australia as joint leads on an A$350 million ($270.1 million) offering, to be issued via the Pepper Residential Securities Trust.

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