By Andrea Heisinger
Omaha, May 28 - American Express Credit priced $1.75 billion of 5.875% five-year notes on Wednesday to yield Treasuries plus 262.5 basis points, an informed source said.
The notes (Aa3/A+/A+) priced at 99.657 to yield 5.958%.
Bookrunners were Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities and RBS Greenwich Capital.
The branch of financial services firm American Express is based in New York City.
| Issuer: | American Express Credit
|
| Issue: | Notes
|
| Amount: | $1.75 billion
|
| Maturity: | 2013
|
| Bookrunners: | Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities and RBS Greenwich Capital
|
| Coupon: | 5.875%
|
| Price: | 99.657
|
| Yield: | 5.958%
|
| Spread: | Treasuries plus 262.5 bps
|
| Trade date: | May 28
|
| Settlement date: | June 2
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
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