After a quiet August, credit card securitization has resumed with a vengeance in September, with over $5.6 billion of notes sold so far.

Citibank is the latest to come to market, tapping its credit card issuance trust for another $1.1 billion of class A notes this week. The Series 2014-A8 was more than doubled from its original size of $500 million. The 3.5-year notes, rated ‘Aaa’/ ‘AAA’ by Moody’s Investors Service and Fitch Ratings respectively, priced at 28 basis points over interpolated swaps. 

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