Citibank is marketing a credit card securitization sized at $850 million credit card ABS that will bring year to date issuance for the asset class to $3.4 billion.
The class 2014-A1 have been assigned a AAA’ ratings by Fitch Ratings. Citigroup, BofA Merrill Lynch, Mitsubishi UFJ Securities and RBS Securities are lead underwriters on the deal.
With the latest deal, Citibank has issued a total of 34 tranches of class A notes under trust, according to the Fitch presale report on the deal. The total invested amount of notes outstanding is approximately $35.06 billion, consisting of $28.54 billion of class A notes, $1.72 billion of class B notes, $2.29 billion of class C notes, and $2.49 billion series 2009 certificate.