MBNA Corp. priced $2.5 billion of asset-backed securities supported by credit cards, a source familiar with the deal said on Monday.
Banc of America Securities was lead manager for the offering, the source said.
MBNA was acquired by Bank of America Corp. on Jan. 1 for $34.2 billion.
The following are terms and conditions for "MBNAS 2006-A4":
| CL | AMT(blns) | WAL | MDY/S&P/FCH | BENCH | GUID | PRICE |
A4 | $2.5 | 2.88 | Aaa/AAA/AAA | 1MO LIB | -1A | -1BP |
Source: Reuters