Citigroup Inc. has sold a $1.5 billion credit card loan-backed deal that is eligible for funding under a Federal Reserve program, according to a person familiar with the matter.

The single-tranche, 4.94-year bond was the latest to emerge ahead of today's loan application deadline for the Term Asset-Backed Securities Loan Facility, or Talf. It is also the largest Talf-eligible deal to surface this month.

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