RBC Capital Markets plans to issue a $500mn cross-border credit card ABS backed by Canadian receivables.

Moody's Investors Service and Standard & Poor’s assigned provisional ratings of ‘Aaa’/ ‘AAA’ respectively to the senior notes issued under the capital structure of Golden Credit Card Trust, Series 2013-1. Moody’s also rated the subordinate notes ‘Baa1’.

Golden Credit Card Trust's series 2013-1 is backed by an ownership interest in a revolving pool of Canadian dollar-denominated MasterCard and VISA credit card receivables generated by accounts originated by Royal Bank of Canada.

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