GC Asia
RBS returns to public cards
Royal Bank of Scotland has launched its first public credit card ABS since 2005, and looks set to be the first issuer to close a deal in 2012.
The deal, Arran Cards Funding 2012-1, is a $500m 1.49 year senior tranche offered at 70bp over one month Libor. The tranche was once covered on Wednesday afternoon, with good interest from the US, and more orders expected on Thursday. The deal will close this week.
Although a public ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
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.
