The large Canadian bank issuers are still taking advantage of the strong U.S. investor demand for credit card ABS, a Standard & Poor’s report released today said.

These banks have completed more than $4.16 billion in cross-border credit card ABS issuance year-to-date. This number excludes the most recent Royal Bank of Canada deal, which priced Sept. 25, under its Golden Credit Card Trust, where the U.S. tranches amounted to $1.2 billion.

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