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BofA Preps 2nd Credit Card ABS in 4 Yrs

Bank of America has filed a new credit card securitization with the SEC, only three months after the originator returned to the market following a four year hiatus.

The filing, for a deal of $1 billion, will be issued by BA Credit Card Trust.

The legal maturity date is September 16, 20119.

Arranging the transaction are BofA Merrill Lynch, Barclays, Mitsubishi UFJ Securities, RBS, and Wells Fargo Securities.

As of April 1, receivables in the master trust issuing the deal totaled $54 billion.  

Bank of America priced its first securitization of credit card receivables in more than four years last February. The deal was upsized to $1.75 billion from $750 million initially.

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