Citicorp was expected to issue up to $1 billion in credit-card-backed securities this week, a move that could launch the asset-backed securities market toward another record-shattering year.

The bank's offering, together with planned offerings by Dean Witter, Discover & Co., Green Tree Financial Corp., and Continental Airlines, are just the first major securities deals in a year that analysts believe will generate nearly $125 billion in asset-backed securities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.