By Andrea Heisinger
New York, Feb. 20 - General Electric Capital Corp. priced $200 million senior floating-rate notes due June 1, 2012 that are backed by the Federal Deposit Insurance Corp., according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) priced at par to yield three-month Libor plus 17 basis points. They are non-callable with interest payable quarterly.
Deutsche Bank Securities Inc. was the bookrunner.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed senior floating-rate notes
|
| Amount: | $200 million
|
| Maturity: | June 1, 2012
|
| Bookrunner: | Deutsche Bank Securities Inc.
|
| Coupon: | Three-month Libor plus 17 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 17 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 18
|
| Settlement date: | Feb. 20
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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