TORONTO, Nov. 21, 2014 /CNW/ - Golden Credit Card Trust (the "Trust") announced today that it has entered into arrangements to issue new Credit Card Receivables-Backed Notes (the "Series Enhancement Notes"), as indicated in its September 17, 2014 news release. The Trust has privately placed the Series Enhancement Notes in the aggregate amount of $151 million. The Series Enhancement Notes provide additional credit enhancement for certain Class A and Class B notes previously issued by the Trust.
The Series Enhancement Notes are rated BBB(high)(sf) by DBRS Limited and BBB+sf by Fitch Ratings, Inc. ("Fitch"). The Trust also announced that it requested ratings from Fitch on the notes previously issued by the Trust.
The Series Enhancement Notes were offered by a syndicate led by RBC Capital Markets.
SOURCE: Golden Credit Card Trust