Lloyds Bank will offer a two-year, $750 million tranche in Penarth 2013-1, the first U.K. credit card ABS deal of the year, according to presale reports.

Standard & Poor's  and Moody's Investors Service  assigned preliminary 'AAA '/ ‘Aaa’ credit ratings to Penarth Master Issuer PLC's class A1 notes and the £1.3 billion class A2 notes.

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.