American Express is a global financial services corporation offering credit cards, charge cards, and other financial products and services to consumers and businesses worldwide.
An in-depth analysis of a recently matured fixed-income instrument sheds light on a bond issued by American Express, a prominent globally diversified financial services corporation headquartered in the United States, widely recognized for its integrated payments and travel services including credit cards, charge cards, and traveler's cheque businesses. This specific bond, identified by ISIN US025816BU20 and CUSIP 025816BU2, was a USD-denominated obligation with a substantial total issuance size of $1,200,000,000, designed for investors with a minimum purchase size of $2,000. It featured a fixed annual interest rate of 3.375%, with interest payments distributed semi-annually, reflecting a standard structure for corporate debt. The bond reached its scheduled maturity on May 16, 2021, at which point it was fully redeemed at 100% of its principal value, affirming American Express's commitment and capacity to meet its financial obligations. Throughout its tenure, the bond and American Express maintained strong credit profiles, as evidenced by an investment-grade rating of BBB+ from Standard & Poor's and A3 from Moody's, underscoring the issuer's robust financial health and the security's low credit risk profile.
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US025816BU20 ( in USD )
