By Andrea Heisinger
New York, June 22 - General Electric Capital Corp. reopened its issue of 2.625% bonds due 2012 that are backed by the Federal Deposit Insurance Corp. to add $500 million, according to a 424B3 filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 100.249 to yield 2.55%, or Treasuries plus 68 basis points. They are non-callable.
Total issuance is $1.4 billion.
Bookrunners were Goldman Sachs & Co. and Morgan Stanley & Co. Inc.
The financing arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed senior notes
|
| Amount: | $500 million, reopened
|
| Maturity: | Dec. 28, 2012
|
| Bookrunners: | Goldman Sachs & Co., Morgan Stanley & Co. Inc.
|
| Coupon: | 2.625%
|
| Price: | 100.249
|
| Yield: | 2.55%
|
| Spread: | Treasuries plus 68 bps
|
| Call: | Non-callable
|
| Trade date: | June 18
|
| Settlement date: | June 25
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $1.4 billion, including $950 million issued previously
|
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