Citibank is planning an as-yet unsized securitization of credit card receivables.
The two-year floating rate class 2014-A9 notes will be issued off of its Citibank Credit Card Issuance Trust, according to a regulatory filing.
Moody’s Investors Service and Standard & Poor’s expect to rate the deal triple-A.
Citigroup is the lead underwriter; it is joined by J.P. Morgan, RBS and Wells Fargo Securities.
As of Nov. 25, 2014, when a preliminary prospectus for the offering was filed with the Securities and Exchange Commission, there were 50 subclasses of notes of the Citiseries outstanding totaling $41.46 billion, consisting of $36.16 billion of class A notes, $2.26 billion of class B notes, and $3.03 billion of class C notes.