Capital One Bank upsized and launched its securitization of approximately $950 million of credit card receivables under its Capital One multi-asset execution trust (COMET). The class A, 2014-1 floating rate notes, with an expected three-year maturity, were upsized by $200 million.

The notes, rated ‘Aaa’/ ‘AAA’ by Moody’s Investors Service and Standard & Poor’s, respectively, launched at 20 basis points over three-month Libor. By comparison, Chase bank, three-year note  issued from its Chase Issuance Trust in January, priced at 27 basis points. 

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