American Express to redeem its $750 million of 6.8% debentures Sept. 1

By Wendy Van Sickle

Columbus, Ohio, July 28 – American Express Co. issued a call for all $750 million of its 6.8% subordinated debentures, according to a press release.

The debentures will be redeemed Sept. 1 at par. The interest that is payable on Sept.1 will be paid on the record date of Aug. 15, so there will be no accrued interest payable in connection with the redemption.

The credit card services company is based in New York.

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