New Issue: American Express Credit reopens 2.8% notes due 2016 to add $1 billion

By Andrea Heisinger

New York, Nov. 16 - American Express Credit Corp. reopened its issue of 2.8% medium-term notes due 2016 on Wednesday to add $1 billion, according to a market source and an FWP filing with the Securities and Exchange Commission.

The notes (A2/BBB+/A+) were priced at 100.034 to yield 2.792% with a spread of Treasuries plus 190 basis points. They are non-callable.

Total issuance is $2.3 billion, including $1.3 billion sold on Sept. 14 at 192 bps over Treasuries.

Citigroup Global Markets Inc., Goldman Sachs & Co. and UBS Securities LLC were the bookrunners.

Co-managers were Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc. and nab Securities, LLC. Junior co-managers were CastleOak Securities, LP and Williams Capital Group, LP.

The financial services company is based in New York City.

Issuer:	American Express Credit Corp.
Issue:	Medium-term notes, reopened
Amount:	$1 billion
Maturity:	Sept. 19, 2016
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co., UBS Securities LLC
Co-managers:	Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., nab Securities, LLC
Junior co-managers:	CastleOak Securities, LP, Williams Capital Group, LP
Coupon:	2.8%
Price:	100.034
Yield:	2.792%
Spread:	Treasuries plus 190 bps
Call:	Non-callable
Trade date:	Nov. 16
Settlement date:	Nov. 21
Ratings:	Moody's: A2
	Standard & Poor's: BBB+
	Fitch: A+
Total issuance:	$2.3 billion, including $1.3 billion sold on Sept. 14 at 192 bps

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