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