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Algonquin Credit Card Trust completes C$500 million public offering of notes

Date Closed

July 6, 2006

Lead Office



500.00 Million CAD

On July 6, 2006, Algonquin Credit Card Trust completed a public offering of C$397.5 million 4.889% Class A Fixed Rate Notes, Series 2006 1, C$50 million 5.159% Class B Fixed Rate Notes, Series 2006 1 and C$52.5 million 5.459% Class C Fixed Rate Notes, Series 2006-1.  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.