Chase sold an upsized $1.3 billion of three-year bonds backed by credit card receivables via its Chase Issuance Trust, according to a regulatory filing.
The offering of class A notes, which was originally sized at $500 million, pays interest of 1.38%.
JP Morgan was the lead underwriter; RBC Capital Markets and RBS Securities acted as co-managers.
This is Chase’s seventh issue of class A notes this year; the most recent offering, completed in July, was $500 million of three-year notes that pay a fixed rate of interest of 1.26%.
