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American Express to sell fixed- and floating-rate subordinated notes
By Devika Patel
Knoxville, Tenn., July 27 – American Express Co. intends to offer fixed- and floating-rate subordinated notes in two tranches, according to a 424B2 filing with the Securities and Exchange Commission.
Both notes, due in 2022, are non-callable.
Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc. and HSBC Securities (USA) Inc. are the bookrunners.
Proceeds will be used for general corporate purposes.
The credit card services company is based in New York.
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