Capital One priced its Capital One Multi-Asset Execution Trust (COMET) 2013-2 credit card ABS deal to strong investor demand.

The deal’s single tranche offering was upsized yesterday to $700 million from $500 million. The class A notes, with an average life maturity of 2.94 years, rated triple-A by both Standard & Poor’s and Fitch Ratings; priced at 18 basis points over the one month Libor, according to a source familiar with the deal.

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