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Citibank replaces ABCP conduit

Citicorp North America is replacing its old asset-backed commercial paper conduit with Citibank Capital Markets Assets II LLC (CCMA), a single-seller ABCP program. The old transaction, called Citibank Assets LLC, was closed in December 1997.

The new ABCP program, which is rated A-1 plus by Standard and Poors and...

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