American Express priced its upsized $1.5 billion Series 2013-1 credit card securitization, according to a filing with the Securities and Exchange Commission.
The $1 biillion (upsized from $500 million) floating rate class A notes priced at one-month Libor plus 42 basis points.
The $53.57 million (upsized from $26.79 million) floating rate class B notes priced at one-month Libor plus 70 basis points.
The class A certificates were led by Bank of America Merrill Lynch, RBC Capital Markets, and RBS, as reported by ASR on Monday. HSBC, Llouds Securities, Mischler, Mitsubishi UFJ Securities, and The Williams Capital Group were also added.
BofAML, RBC Capital Markets, and RBS were the underwriters on the class B certificates.
The notes mature February 16, 2021.