By Andrea Heisinger
New York, May 13 - General Electric Capital Corp. reopened its issue of 4.65% notes due Oct. 17, 2021 (Aa2/AA+/) to add $50 million, according to an FWP filing with the Securities and Exchange Commission.
The notes were priced at 113.97 to yield 2.778% with a spread of Treasuries plus 96 basis points. There is no call option.
Total issuance will be $3.15 billion, including $3.1 billion priced in five previous sales.
Citigroup Global Markets Inc. was the bookrunner.
The funding arm of General Electric Co. is based in Norwalk, Conn.
Issuer: | General Electric Capital Corp.
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Issue: | Medium-term notes, reopened
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Amount: | $50 million
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Maturity: | Oct. 17, 2021
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Bookrunner: | Citigroup Global Markets Inc.
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Coupon: | 4.65%
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Price: | 113.97
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Yield: | 2.778%
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Spread: | Treasuries plus 96 bps
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Call: | Non-callable
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Trade date: | May 10
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Settlement date: | May 15
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Ratings: | Moody's: Aa2
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| Standard & Poor's: AA+
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Total issuance: | $3.15 billion, including $3.1 billion sold in five previous deals
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