Citi reopens February credit card ABS

By Matthew Scully
26 Jun 2014

Citi on Thursday closed a reopened credit card ABS deal from late February, helping issuance from the sector to push past $25bn so far this year.

Fresh collateral was added to the deal, Citibank Credit Card Issuance Trust 2014-A2, which was increased to $1.9bn from its original size of $1.5bn, according to people familiar with the transaction.

“Issuance [of credit card ABS] has accelerated in 2014 and is 73% ahead of year-to-date 2013, bringing needed ...

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