Bank of America upsized and priced its third credit card securitization of the year from its BA Credit Card Trust, according to a deal document.

The class A notes were upsized to $1.1 billion from $750 million and priced at 29 basis points over one-month Libor. The notes are structured with a legal final maturity of January 2020.

Fitch Ratings assigned a preliminary ‘AAA’ rating to the notes, which benefit from credit enhancement of 31.75%.

Upon issuance of this transaction, 11 tranches of class A notes will be outstanding under BACCT, according to Fitch. The total invested amount of notes outstanding will be approximately $17.03 billion, consisting of $9.35 billion of class A notes, including the Emerald Notes Program, which is currently unfunded, $3.50 billion of class B notes, $1.98 billion of class C notes and $2.21 billion of class D notes.

Bank of America was last in the market with a credit card deal in May, when it sold $1.25 billion of class A notes with a final maturity of September 2019 at 27 basis points over one month Libor.

The most recent credit card securitization was Capital One Bank’s $550 million deal, which priced Friday. The notes, which have an expected maturity of August 2019, yield 36 basis points over one-month Libor. That was 2 basis points tighter than the issuer’s previous deal with a similar weighted average life, which was priced in April.

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