By Andrea Heisinger
New York, June 7 - American Express Credit Corp. sold $2 billion of senior notes (A2/A-/A+) in two tranches on Thursday, a syndicate source said.
The $750 million of three-year floating-rate notes priced at par to yield Libor plus 110 basis points.
A second part was $1.25 billion of 1.75% three-year notes sold at 99.98 to yield 1.757% with a spread of Treasuries plus 140 bps.
Both tranches are non-callable.
Goldman Sachs & Co., J.P. Morgan Securities LLC and UBS Securities LLC were the bookrunners.
The financial services company is based in New York.
| Issuer: | American Express Credit Corp.
|
| Issue: | Senior notes
|
| Amount: | $2 billion
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC
|
| Trade date: | June 7
|
| Settlement date: | June 12
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
| Fitch: A+
|
|
|
| Three-year floaters
|
| Amount: | $750 million
|
| Maturity: | June 12, 2015
|
| Coupon: | Libor plus 110 bps
|
| Price: | Par
|
| Yield: | Libor plus 110 bps
|
| Call: | Non-callable
|
|
|
| Three-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | June 12, 2015
|
| Coupon: | 1.75%
|
| Price: | 99.98
|
| Yield: | 1.757%
|
| Spread: | Treasuries plus 140 bps
|
| Call: | Non-callable
|
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