Date Closed

May 17, 2007

Lead Office

Toronto

Value

500.00 Million CAD

On May 17, 2007, Algonquin Credit Card Trust completed a public offering of C$397.5 million 4.562% Class A Fixed Rate Notes, Series 2007 1, C$50 million 4.792% Class B Fixed Rate Notes, Series 2007 1 and C$52.5 million 5.092% Class C Fixed Rate Notes, Series 2007-1.  Algonquin Credit Card Trust is the public vehicle through which Capital One Bank (Canada Branch) securitizes its Canadian credit card receivables. Capital One Bank (Canada Branch) is the seller and the servicer of the credit card receivables acquired by the trust.

McCarthy Tétrault LLP advised Algonquin Credit Card Trust with a team led by Marc MacMullin.