American Express Credit Corp. has raised $1.3 billion through a sale of senior unsecured medium-term notes, The Wall Street Journal reports. The company will utilize the proceeds for general corporate purposes, which could include the repayment of outstanding debt securities.

The notes, carrying a coupon rate of 2.8 percent, will mature on Sept. 19, 2016. Citigroup, Credit Suisse, Deutsche Bank Securities and Royal Bank of Scotland were joint book runners for the offering.

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