Chase Bank priced an upsized offering of $750 million of bonds backed by credit card receivables from its Chase Issuance Trust.

The class A (2013-9) notes, which were originally sized at $500 million, pay interest of one-month Libor plus 42 basis points, according to a regulatory filing.

The notes have a weighted average life of 4.92 years. According to a presale report published this week by Fitch Ratings, they are backed  by credit card receivables generated by revolving credit card accounts owned by Chase Bank USA N.A. or one of its affiliates. Credit enhancement for the class A notes totals 14.00%.

J.P. Morgan Securities was the lead underwriter; Barclays Capital and RBS Securities were co-managers.

According to Fitch, with the latest deal, the notes outstanding under the trust will be approximately $32.9 billion, consisting of $25.6 billion of class A notes, $3.5 billion of class B notes and  $3.6 billion of class C notes.

Chase has been one of the most active issuers of credit card ABS this year; it was last in the market with a credit card-backed offering in October; prior to that it came to market in September.

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