WILMINGTON, Del., June 28 /PRNewswire-FirstCall/ -- MBNA Corporation and its wholly owned subsidiary, MBNA America Bank, N.A. announced today that, through the MBNA Credit Card Master Note Trust, it will issue $800 million in credit card asset backed notes.
The Class A(2005-4) tranche consists of $800 million floating rate asset backed notes. The five-year Class A(2005-4) notes were priced at par and will accrue interest at 4 basis points over the one-month London Interbank Offered Rate ("LIBOR").
The transaction, which is scheduled to close on July 7, 2005, was joint-lead managed by ABN AMRO Incorporated and Deutsche Bank Securities and co-managed by Banc of America Securities LLC, Barclays Capital, Citigroup, JPMorgan and Morgan Stanley.
About MBNA Corporation
MBNA , the largest independent credit card lender in the world and a recognized leader in affinity marketing, is an international financial services company providing lending, deposit, and credit insurance products and services. MBNA credit cards and related products and services are endorsed by more than 5,000 organizations worldwide. For more information, visit the company's web site at http://www.mbna.com/.
CONTACT: Jim Donahue of MBNA Corporation, +1-302-432-1342, james.donahue@mbna.com
Web site: http://www.mbna.com/
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