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Carrefour Banque is set to issue its first securitization of credit card receivables, an asset class that until now has been dominated by the more established credit card market in the U.K.
Master Credit Cards Pass Compartment France will be the borrower's first credit card ABS and only its third consumer securitization of any sort. Natixis has arranged the transaction and will act as a joint lead manager along with Societe Generale and HSBC France.
Carrefour Banque will roadshow the...