Citigroup is issuing two more tranches of senior notes totaling $500 million from its credit card master trust, according to a presale report from Fitch Ratings.

Citibank Credit Card Issuance Trust Class 2017-A3 and 2017-A4 series ($250 million apiece) are both rated ‘AAA’ and benefit from 18.5% credit enhancement (a consistent level from previous trust issuances dating back to 2012). The A3 notes will be pay a fixed rate of interest, and the A4 notes will pay a floating-rate of interest pagged to one-month Libor.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.