Comenity Bank is marketing $333.3 million of bonds backed by credit card receivables from its World Financial Network Credit Card Master Note Trust, according to Fitch Ratings.

The Series 2016-A consist of four tranches of notes with a final maturity date of April 2025: $250 million of senior notes rated ‘AAA’ benefit from 25% credit enhancement, $12.5 million of ‘AA’ rated notes have 21.25% credit enhancement, $15.8 million of ‘A+’ rated notes have 16.5% credit enhancement and $41.7 million of ‘BBB-‘ rated notes have 4% credit enhancement.

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