New York, May 23 - American Express again upsized its offering of two-year floating-rate notes (Aa3/A+/A+), increasing it to $1 billion from the previous $900 million and the original $500 million.
The deal priced on Tuesday on Tuesday at par to yield one-month Libor plus 140 basis points.
Bookrunners were Barclays Capital Inc., BNP Paribas Securities and Deutsche Bank Securities Inc.
The financial services company is based in New York City.
| Issuer: | American Express
|
| Issue: | Floating-rate notes
|
| Amount: | $1 billion, increased from $500 million
|
| Maturity: | May 27, 2010
|
| Coupon: | One-month Libor plus 140 bps
|
| Price: | Par
|
| Yield: | One-month Libor plus 140 bps
|
| Trade date: | May 20
|
| Settlement date: | May 27
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
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