Some observers expect issuance of credit card-backed bonds to pick up substantially in the coming months, though lenders are weighing the costs of alternative sources of funding.

The Federal Reserve Board extended $2.8 billion of loans last month to fund the purchase of securities in a $3 billion offering by Citigroup Inc. in the first round of financing under the Term Asset-Backed Securities Loan Facility (TALF), a program initially designed to ease the flow of consumer credit. The next subscription date for TALF loans will be April 7.

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.