Citigroup Preps $1.5 Bln Credit Card Securitization

Citigroup reportedly is preparing to offer a $1.5 billion credit card securitization.

  • 17 Dec 2009

Citigroup reportedly is preparing to offer a $1.5 billion credit card securitization. Sources said the three-year deal, which is not being marketed under the Federal Reserve’s Term Asset-Backed Securities Loan Facility, is AAA rated and expected to price around 60 basis points over swaps.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,347 16 18.54
2 Morgan Stanley 2,420 6 10.32
3 BNP Paribas 2,402 10 10.25
4 Goldman Sachs 2,096 5 8.94
5 Bank of America Merrill Lynch (BAML) 2,086 9 8.90

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 50,836.16 165 10.60%
2 JPMorgan 43,849.74 130 9.15%
3 Wells Fargo Securities 37,970.87 112 7.92%
4 Bank of America Merrill Lynch 36,089.91 118 7.53%
5 Credit Suisse 31,628.23 101 6.60%