BarCap To Sell Long Awaited U.K. ABS To U.S. Buyers

Barclays Capital is marketing Barclays Bank’s Gracechurch Card Program Funding series 10-1 to third-party U.S. investors.

  • 16 Nov 2010

-- Daniel O’Leary

Barclays Capital is marketing Barclays Bank’s Gracechurch Card Program Funding series 10-1 to third-party U.S. investors. The deal’s senior $500 million notes, backed with U.K. credit card receivables, is being marketed to U.S. investors at 60 basis points plus one-month LIBOR, according to an official close ...

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