Chase Manhattan Corp. has come to market with $2 billion of securities backed by fixed-rate credit card loans. The issue was priced in two parts and was led by Chase Securities Inc.

The first part was a $1 billion class of certificates with a three-year average life. It was priced to yield 6.831%, or 28 basis points over comparable Treasury 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.