By Angela McDaniels
Tacoma, Wash., Dec. 15 - General Electric Capital Corp. priced a reopened $1 billion of three-year series G floating-rate senior notes backed by the Federal Deposit Insurance Corp., according to a 424B3 filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/) priced at 100.1435 with a coupon of three-month Libor plus 93 basis points.
The company initially sold $1 billion of the notes at par on Dec. 4 and $250 million of notes at 100.009 on Dec. 9. The total amount of notes sold is now $2.25 billion.
The underwriter for the latest tranche was HSBC Securities (USA) Inc.
The underwriters for the notes priced on Dec. 4 and Dec. 9 were Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. Inc.
Fairfield, Conn.-based General Electric Capital is the financing arm of General Electric Co., a technology, media and financial services company.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed series G senior floating-rate notes
|
| Amount: | $1 billion reopening
|
| Maturity: | Dec. 9, 2011
|
| Bookrunner: | HSBC Securities (USA) Inc.
|
| Coupon: | Three-month Libor plus 93 bps, payable quarterly
|
| Price: | 100.1435
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| Call option: | Non-callable
|
| Trade date: | Dec. 11
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| Settlement date: | Dec. 18
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| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
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| Total amount: | $2.25 billion, including $1 billion priced on Dec. 4 and $250 million priced on Dec. 9
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