Nov 3 (Reuters) - Australian lender Westpac

said on Monday it had entered into an agreement to sell its

A$21.4 billion ($13.91 billion) RAMS mortgage portfolio to a

consortium which includes Pepper Money, KKR and

PIMCO.

The sale is at a slight premium to the gross loan value of

the portfolio to be transferred at completion, Westpac said in a

statement, adding that it expects to book a loss on the sale

after transaction costs and other adjustments.

($1 = 1.5389 Australian dollars)