Advanta Floats Biz Credit Card ABS

25 Jul 2007

Advanta is pitching a $100 million business credit card securitization.

--Cathy Cunningham

Advanta is pitching a $100 million business credit card securitization. The three-year notes, which carry a 5.5% coupon, are backed by receivables in revolving business purpose credit card accounts originated by Advanta Bank Corp. The Deutsche Bank is the lead manager on the transaction, which is ...

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