MBNA sells repeat Ffr3bn securitisation

16 Oct 1997

MERRILL Lynch placed the second French franc credit card securitisation for MBNA this week, despite difficult market conditions. MBNA European Structured Offerings No 3 comprised Ffr3bn of triple-A rated five year bullets paying 5.25%. Priced at 99.947, the notes yield 19bp over the interpolated BTAN ...

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