Slew of auto and credit card deals set to hit markets

By Ryan Bolger
17 Sep 2014

Steady supply of auto and credit card backed ABS is expected to continue as new issues in the sectors were priced this week. Pricing guidance was released for a number of other issues expect to hit markets soon, including the latest single-family rental securitization.

Citigroup’s latest credit card ABS issue, CCCIT 2014-A8, was priced at 28bp over interpolated swaps, yielding 1.734% for investors. The issue was valued at $1.1bn, more than double Citigroup’s original target of $500m. Citigroup was sole bookrunner.

A $650m credit card ABS issue by American Express, AMXCA, was ...

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