Citibank South Dakota and Citibank Nevada, units of Citicorp, recently filed a shelf registration with the Securities and Exchange Commission for up to $2 billion in credit card participation certificates.
The certificates will evidence undivided interests in certain assets of Standard Credit Card Master Trust I, which were created by the Citicorp units.
Separately, J.P. Morgan & Co. filed for the shelf registration of $2 billion in debt securities, warrants to purchase debt securities, capital securities, preferred shares, warrants to purchase preferred shares, and currency warrants.
Morgan said the proceeds would be used for general corporate purposes.
Bankers Trust New York Corp. announced the pricing of $100 million of 12 year notes by Private Export Funding Corp., with a yield of 7.95% to yield 7.99%.
The notes, due in 2006, are callable at par plus accrued interest commencing in November 2004.
BT Securities is the lead manager of the offering.
PEFCO, which will use the proceeds to fund outstanding loan commitments, is owned by 37 banks involved in export financing, as well as six U.S. exporters and three financial service companies.