Date Closed

April 2, 2013

Lead Office

Toronto

Value

427.00 Million CAD

On April 2, 2013, Canadian Credit Card Trust, as issuer, and a dealer syndicate completed an offering, on an agency basis, of C$400 million in 1.596% Credit Card Receivables-Backed Class A Notes, Series 2013-1; C$14,933,334 in  2.106% Credit Card Receivables-Backed Class B Notes, Series 2013-1 and C$11,733,334 in  2.756% Credit Card Receivables-Backed Class C Notes, Series 2013-1. The notes issued by Canadian Credit Card Trust were backed by a pool of credit card receivables originated by or assigned to National Bank of Canada.

The dealer syndicate was led by National Bank Financial Inc. and included BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Merrill Lynch Canada Inc., Desjardins Securities Inc., Casgrain & Company Limited, HSBC Securities (Canada) Inc. and Laurentian Bank Securities Inc.,

Canadian Credit Card Trust, headquartered in Toronto, is a special purpose trust created for the purpose of securitizing the Master Card credit card receivables portfolio of National Bank of Canada.

McCarthy Tétrault LLP represented National Bank Financial and the dealer syndicate with a team led by Marc MacMullin.