With receivables topping just over $1 billion as of March 31, near-prime card issuer CompuCredit Corp. has set the date for its debut term-securitization, the first in a planned program of regular issuance, said CompuCredit Treasurer Ashley Johnson.

Via lead manager Banc of America Securities, CompuCredit will come to market in late June with a $300 million to $500 million private placement, structured in accordance with rule 144A.

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