On the sidelines for nearly a decade, Ohio-based National City Bank is looking to sell it credit-card portfolio in the asset-backed market sometime soon, sources said.

According to an S-3 filing with the Securities & Exchange Commission, National City will issue senior subordinate deals from a master trust structure. The shelf, which has a $1.3 billion limit, describes two floating-rate classes - class-A and class-B - asset-backed certificates, subordinated by an interest-only strip.

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