American Express turns to BarCap for £650m benchmark bond

Barclays Capital has raised £650m (€973m) through a benchmark bond in its first deal for American Express which doubled in size from an initial £300m after being heavily oversubscribed.

The bond is also the US financial services group's first sterling-denominated transaction in almost 15 years and the first benchmark bond outside the dollar market this year.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump