By Andrea Heisinger
New York, Sept. 24 - General Electric Capital Corp. reopened its issue of 1.875% three-year medium-term notes to add $150 million, according to a market source away from the deal.
The notes (Aa2/AA+) priced at 100.374 to yield 1.745% with a spread of Treasuries plus 108 basis points.
They are non-callable.
Total issuance is $2.15 billion, including $2 billion priced on Sept. 13 at 110 bps over Treasuries.
Credit Suisse Securities ran the books.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Medium-term notes
|
| Amount: | $150 million reopened
|
| Maturity: | Sept. 16, 2013
|
| Bookrunner: | Credit Suisse Securities
|
| Coupon: | 1.875%
|
| Price: | 100.374
|
| Yield: | 1.745%
|
| Spread: | Treasuries plus 108 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Total issuance: | $2.15 billion including $2 billion priced on Sept. 13 at 110 bps over Treasuries
|
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