Credit card deals lead in US pipeline, as ABS cools from $6bn week

By Matthew Scully
27 Mar 2014

Two credit card issuances from JP Morgan’s CHAIT shelf were upsized to strong demand, bringing card volume ahead of last year’s pace, as investors look for relative value and performance continues to improve.

The pipeline of asset-backed issuance has simmered down after two weeks of nearly $13bn in new supply. That brought year-to-date volume to $48bn, in line with the $50bn that priced over the same period last year.

Subprime issuer GM Financial is roadshowing a new shelf, General Motors Auto ...

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