Royal Bank of Canada is securitizing its first Canadian credit-card receivables portfolio of the year in an asset-backed transaction through the Golden Credit Card Trust.

The sizes of the multi-currency three note tranches in GCDT Series 2017-1 deal are to be determined, with the floating-rate Class A series receiving preliminary triple-A structured finance ratings from Standard & Poor’s, Moody's Investors Service and bond rating agency DBRS.

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