By Andrea Heisinger
Omaha, Sept. 10 - American Express Centurion Bank priced $1 billion of 10-year 6% bank notes Monday, a market source said.
The notes (Aa3/A+) have a price of 99.755 with a yield of 6.033%. They are non-callable.
Bookrunners were Banc of America Securities LLC, BNP Paribas Securities Corp. and Citigroup Global Markets Inc.
The company is based in Salt Lake City, Utah, and issues and services American Express revolving credit cards.
| Issuer: | American Express Centurion Bank
|
| Issue: | Bank notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 13, 2017
|
| Bookrunners: | Banc of American Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc.
|
| Coupon: | 6%
|
| Price: | 99.755
|
| Yield: | 6.033%
|
| Spread: | Treasuries plus 170 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 10 |
|
| Settlement date: | Sept. 13
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
