Target Receivables Corp. amended its S-3 filing with the Securities and Exchange Commission last week, to issue up to $3 billion in retail credit card ABS through Target Credit Card Master Trust.

It's been over a year since the discount retail giant securitized a portfolio of credit cards. The past two deals - June 2002 and August 2001 - were both $1 billion in size, structured in a $750 million A class and a $250 million B class through Lehman Brothers.

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