American Express Credit sells $1.75 bln 5-yr notes

Wed May 28, 2008 3:57pm EDT
 
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NEW YORK, May 28 (Reuters) - American Express Credit Corp, a unit of American Express Co (AXP.N), on Wednesday sold $1.75 billion in five-year notes, said a market source familiar with the sale.

The notes were priced to yield 262.5 basis points over comparable U.S. Treasuries, the source added.

The joint lead managers on the sale are Barclays Capital, Citigroup Global Markets, Credit Suisse and RBS Greenwich Capital. (Reporting by Caryn Trokie; Editing by James Dalgleish)

 
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