In Brief: 2 Advanta Units Price A Card Securitization

Advanta National Bank USA and Advanta National Bank, subsidiaries of Advanta Corp., priced a $700 million credit card securitization.

The Class A certificates, underwritten by J.P. Morgan & Co. and others, were priced at a discount of 99.96975%, while the Class B certificates, also underwritten by Morgan, were priced at par.

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