Golden Credit Card Trust has raised $1.25 billion in a debt sale, The Wall Street Journal reports. The five-year debt securities are backed by Visa credit-card receivables originated by Royal Bank of Canada.

The minimum target of the trust was $527.2 million. The debt issue of Golden Credit Card Trust was priced at 82 basis points over the relevant government of Canada benchmark to yield 3.51%.

Click here for the story from The Wall Street Journal.