By Andrea Heisinger
Omaha, Aug. 22 - American Express Co. priced a $1.5 billion issue of 6.15% 10-year notes at a spread of Treasuries plus 155 basis points, according to an informed source.
The notes (A1/A+) had a price of 99.742 to yield 6.185%.
There was no official price talk, the source said.
Bookrunners were Citigroup Global Markets Inc., Goldman, Sachs & Co., and J.P. Morgan Securities Inc.
Proceeds will be used for general corporate purposes.
American Express is a New York City-based global payments, network and travel company.
| Issuer: | American Express Co.
|
| Amount: | $1.5 billion
|
| Maturity: | Aug. 28, 2017
|
| Security description: | Notes
|
| Bookrunners: | Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities Inc.
|
| Coupon: | 6.15%
|
| Price: | 99.742
|
| Yield: | 6.185%
|
| Spread: | Treasuries plus 155 bps
|
| Trade date: | Aug. 22
|
| Settlement date: | Aug. 28
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Price talk: | | None
|
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