Barclays Readies Debut U.S. Card ABS

07 Nov 2012

A pair of fixed and floating-rate asset-backed securities deals out of Dryrock Issuance Trust, Barclays’ newly registered credit card ABS shelf, is hitting the market this week.

A pair of fixed and floating-rate asset-backed securities deals out of Dryrock Issuance Trust, Barclays’ newly registered credit card ABS shelf, is hitting the market this week. Price talk for the floating-rate portion stands in the mid-teens, while the fixed-rate tranche is targeting 20 bps over one-month LIBOR. ...

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