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Published on 3/12/2013 in the Prospect News Investment Grade Daily.

New Issue: General Electric Capital reopens 3.1% notes due 2023 for $200 million

By Andrea Heisinger

New York, March 12 - General Electric Capital Corp. reopened an issue of 3.1% notes due Jan. 9, 2023 to add $200 million, according to an FWP filing with the Securities and Exchange Commission.

Pricing was at 98.026 to yield 3.337% with a spread of Treasuries plus 131 basis points.

Total issuance is $2.3 billion, including $2.1 billion sold in two previous offerings.

RBS Securities Inc. was the bookrunner.

The funding arm of General Electric Co. is based in Norwalk, Conn.

Issuer:General Electric Capital Corp.
Issue:Notes
Amount:$200 million, reopened
Maturity:Jan. 9, 2023
Bookrunner:RBS Securities Inc.
Coupon:3.1%
Price:98.026
Yield:3.337%
Spread:Treasuries plus 131 bps
Trade date:March 11
Settlement date:March 14
Total issuance:$2.3 billion, including $2.1 billion from two previous sales

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