American Express Confirms C$950 Million Debt Offering
October 01 2009 - 4:14PM
Dow Jones News
American Express Co. (AXP) raised a total of C$950 million of
debt from the issue of C$800 million of five-year bonds and a C$150
million of two-year floating-rate notes, a spokeswoman for the U.S.
credit-card company confirmed.
The five-year bonds were priced at par with a yield of 4.853%.
The notes were priced at the three-month Canadian depository
overnight rate plus 170 basis points, the spokeswoman
confirmed.
-By Ben Dummett, Dow Jones Newswires; 416-306-2024;
ben.dummett@dowjones.com