CORRECTED-New Issue-American Express sells $3 bln in two parts

Wed May 13, 2009 11:38pm BST
[-] Text [+]
 (Corrects amount of second tranche to $1.75 billion)
 May 13 (Reuters) - American Express (AXP.N: Quote, Profile, Research) on Wednesday
sold $3.0 billion in debt in a two-part sale, said IFR, a
Thomson Reuters service.
 Bank of America, Citigroup, Goldman Sachs, J.P. Morgan and
UBS were the joint bookrunning managers for the sale.
BORROWER: AMERICAN EXPRESS CO.
FIRST TRANCHE:
AMT $1.25 BLN      COUPON 7.25 PCT     MATURITY 5/20/2014 
TYPE SR UNSEC NTS  ISS PRICE 99.842    FIRST PAY 11/20/2009
MOODY'S A3         YIELD 7.288 PCT     SETTLEMENT 5/20/2009
S&P BBB-PLUS       SPREAD 530 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS        MORE THAN TREAS    NON-CALLABLE       
SECOND TRANCHE:
AMT $1.75 BLN       COUPON 8.125 PCT    MATURITY 5/20/2019 
TYPE SR UNSEC NTS  ISS PRICE 99.675    FIRST PAY 11/20/2009
MOODY'S A3         YIELD 8.173 PCT     SETTLEMENT 5/20/2009
S&P BBB-PLUS       SPREAD 505 BPS      PAY FREQ SEMI-ANNUAL
FITCH A-PLUS        MORE THAN TREAS    NON-CALLABLE       


 
 
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