Canadian Tire Corp., Ltd. is planning a C$200 million credit card-backed single-tranche term offering of five-year notes through its Canadian Tire Receivables Trust (CTRT) which would likely price in mid-June.

The deal, which would be rated by Dominion Bond Rating Service (DBRS) and Canadian Bond Rating Service (CBRS), will be led by CIBC World Markets with ScotiaMcleod designated as co-lead. Those included in the syndicate in the third level are RBC Dominion Securities, BMO Nesbitt Burns, Merrill Lynch and National Bank Financial.

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