A unit of Signet Banking Corp. issued $1.1 billion of asset-backed securities Wednesday.

The securities are backed by cash flows from credit card receivables issued by Signet's lead bank, Signet Bank/Virginia.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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