Capital One Bank is marketing a total of $750 milllion of class A 2014-2 and class A 2014-3 notes  from its Capital One Multi-Asser Execution Trust.

The  deal may be upsized based on investor interest. These are the second and third deals of the year for the issuer. The class A, 2014-1 floating rate notes, issued in February, were upsized by $200 million to $950 million.

The notes have been assigned expected ratings of ‘AAA’ by Fitch Ratings. The class 2014-2 notes are fixed rate and are structured as three-year notes ;and the 2014-3 notes are floating  rate and have an average life maturity of five-years.

Citigroup, JP Morgan and Wells Fargo are the lead underwriters on the deal.

Capital One manages an aggregate credit card portfolio of approximately $73.2 billion. Roughly $33.6 billion of that has been sold the securitization trust. Including the latest deals, 15 tranches of class A notes will be outstanding under COMET. The total invested amount of notes outstanding will be approximately $11.16 billion, consisting of $9.0 billion of class A notes, $1.135 billion of class B notes and $917.5 million of class C notes. 

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