Discover Bank priced the two series of note issuance from its credit card master trust, 2013-1 and 2013-2.

The five-year, class A (2013-1), ‘AAA’ notes were sized at $800 million and priced with a coupon of 0.30%, according to a pricing term sheet on the deal. The 3-year, class A(2013-2), ‘AAA’ notes were sized at $900 million and priced at 15 basis points over interest rate swaps.

Bank of America Merrill Lynch, JP Morgan, RBC Capital Markets, Barclays Capital and Cititigroup are lead underwriters on the deals.


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.