Cabela’s priced a five-year, $500 million credit card asset-backed securitization, and planned to do one or two more deals in 2012. [The outdoor retailer came to market again last June, after which officials decided they had raised enough funding for the year. Cabela’s tried out a 10-year tranche in a new deal last week. An official at the company’s financing arm, World’s Foremost Bank, said the game-changer could prompt a shakeup for Cabela’s issuance plans for the year.
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Most Viewed: Securitization
Latest news by market and league table performance
|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|3||Wells Fargo Securities||25,325.15||70||8.95%|
|4||Bank of America Merrill Lynch||23,157.33||74||8.18%|