Citicorp's Choice unit plans securities issue.

WASHINGTON - Choice Credit Card Master Trust I, a trust formed by Citibank (Maryland), filed a registration statement with the Securities and Exchange Commission to offer $1.1 billion of credit card certificates.

According to the filing by the Citicorp unit, the offering will consist of $1 billion of floating-rate, class A credit card participation certificates, series 1992-2, and $102 million of class B credit card certificates, series 1992-2.

Citibank (Maryland) will be the seller, and Citibank (South Dakota) will be the servicer.

Underwriters will include Salomon Brothers Inc., First Boston Corp., Goldman, Sachs & Co., Lehman Brothers Inc., and J.P. Morgan Securities Inc.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER