Citigroup is planning an as-yet unsized offering of notes backed by credit card receivables from its Citibank Credit Card Issuance Trust.

The class 2014-A7 floating-rate notes have an expected principal payment date of August 2016 and a legal final maturity of August 2018, according to a regulatory filing.

Barclays, RBS and Wells Fargo Securities join Citi as underwriters.

To date, no major credit rating agency has assigned ratings to the offering.

Citigroup was last in the market with a credit card securitization in July, when it sold $1.3 billion of class 2014-A6 notes. The five-year notes priced at a spread of 35 basis points over interpolated swaps.

The issuer follows on the heels of Bank of America, which priced an upsized $1.1 billion offering of credit card notes Tuesday at 29 basis points over one-month Libor. 

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