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American Express Raises $1.3B

American Express Credit Corp. has raised $1.3 billion through a sale of senior unsecured medium-term notes.

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.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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