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Fleet Sells $739M Card Notes
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Business New Haven
10/28/2002
By: BNH
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NEW YORK - FleetBoston Financial Corp. (NYSE: FBF) has priced about $739 million in asset-backed securities, supported by its VISA and MasterCard credit card receivables. Credit Suisse First Boston and Merrill Lynch jointly headed the deal's underwriting team that included Barclays Capital, Fleet, Lehman Brothers and Morgan Stanley. Credit Suisse and Merrill Lynch are the deal's book managers.
The No. 7 U.S. bank holding company's prior credit-card securitization was a $788 million offering in April.
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