By Andrea Heisinger
Omaha, March 12 - American Express Co. priced $3 billion of notes in two tranches late Wednesday, a market source said.
Full terms were not available at press time.
The company priced $2 billion of 10-year notes at Treasuries plus 362.5 basis points and $1 billion of 30-year notes at Treasuries plus 380 bps.
Both pieces are non-callable.
Bookrunners were Citigroup Global Markets Inc., J.P. Morgan Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.
The global payments and travel company is based in New York City.
| Issuer: | American Express Co.
|
| Issue: | Notes
|
| Amount: | $3 billion
|
| Bookrunners: | Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Trade date: | March 12
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: A+
|
|
|
| Ten-year tranche
|
| Amount: | $2 billion
|
| Maturity: | March 2018
|
| Spread: | Treasuries plus 362.5 bps
|
| Call: | Non-callable
|
|
|
| Thirty-year tranche
|
| Amount: | $1 billion
|
| Maturity: | March 2038
|
| Spread: | Treasuries plus 380 bps
|
| Call: | Non-callable
|
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