American Express Issues Notice Regarding 1.85% Convertible Debentures.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Company announced today that it completed the successful remarketing of its 1.85% convertible debentures Convertible Debenture Any type of debenture that can be converted into some other security. Notes: For example, a convertible bond can be converted into stock. due 2033. The yield to investors who purchased notes in the remarketing was set at three-month LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). plus 0.08%. The Company will release the cash interest rate on the remarketed notes (the "reset rate") on Monday, December 4, 2006. The next remarketing reset date for the notes will be June 5, 2008. American Express Company (www.americanexpress.com), founded in 1850, is a global travel, financial and network services provider. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion