The first ever shelf registered repeat credit card structure for a U.K. based company is expected to launch by December, according to market sources. Clifford Chance is lead advisor on the deal. "It's a brand new listing that is a hybrid between MBNA [Europe] MTN issuance coupled with U.S. SEC shelf registration - it's taken a lot of work to get done"

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.