American Express Credit Corp, founded in 1985 and headquartered in New York City, serves as a crucial subsidiary of American Express Company, focusing on providing financing solutions to consumers and businesses. The company primarily offers personal loans, charge cards, and various merchant services designed to facilitate financial transactions while enhancing customer experience.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| AXP 3.30% 2027-05-03 USDAmerican Express Credit Corp | United States | 2027-05-03 | 3.300 | 3.80 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, American Express Credit Corp has been an active participant in the bond market, having first issued bonds in the late 1980s to support its growing capital needs. Notably, the company issued $1.5 billion in bonds in 2020 to fund general corporate purposes and enhance liquidity during the pandemic, with yields that were competitive within the industry at the time. Their bonds often feature unique components like call provisions and varying maturities, which have attracted retail investors seeking diverse income opportunities. Recently, American Express Credit Corp announced plans for additional bond offerings in 2024, reflecting its robust financial health and an ongoing commitment to market participation.