Citi Re-Enters Credit Card ABS Arena

Citigroup is getting back to credit card asset-backed securities issuance after a three-year absence, with a $500 million Citigroup Credit Card Issuance Trust 2012-1 deal, according to an ABS investor with knowledge of the deal.

  • 27 Sep 2012

Citigroup is said to be getting back to credit card asset-backed securities issuance, announcing a $500 million Citigroup Credit Card Issuance Trust 2012-1 Thursday after a three-year absence, according to an ABS investor with knowledge of the deal.

The single-tranche transaction has a three-year average life and is expected ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%