By Andrea Heisinger
New York, Nov. 8 - American Express Centurion Bank sold $1.3 billion of notes (A2/A-/) in two parts on Thursday, a market source said.
A $550 million tranche of three-year floating-rate notes sold at par to yield Libor plus 45 basis points.
A $750 million tranche of three-year fixed-rate notes priced at a spread of Treasuries plus 55 bps.
Full terms of the offering were not available at press time.
Bookrunners were Barclays, Goldman Sachs & Co. and RBS Securities Inc.
Proceeds will be used for general corporate purposes, including for debt refinancing.
The financial services company is based in New York City.
| Issuer: | American Express Centurion Bank
|
| Issue: | Notes
|
| Amount: | $1.3 billion
|
| Bookrunners: | Barclays, Goldman Sachs & Co., RBS Securities Inc.
|
| Trade date: | Nov. 8
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A-
|
|
|
| Three-year floaters
|
| Amount: | $550 million
|
| Maturity: | 2015
|
| Coupon: | Libor plus 45 bps
|
| Price: | Par
|
| Yield: | Libor plus 45 bps
|
|
|
| Three-year fixed-rate notes
|
| Amount: | $750 million
|
| Maturity: | 2015
|
| Spread: | Treasuries plus 55 bps
|
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