By Andrea Heisinger
Omaha, Nov. 19 - General Electric Capital Corp. priced $167.43 million of 40-year senior floating-rate notes (Aaa/AAA) at par with a coupon of one-month Libor minus 25 basis points, according to a Securities and Exchange Commission filing.
UBS Securities LLC was lead manager with Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc. and Deutsche Bank Securities Inc. also in the syndicate.
The notes are callable beginning Nov. 20, 2037 at 105, then reducing by 50 bps increments annually to par on Nov. 20, 2047.
The notes are putable beginning Nov. 20, 2009 at 98, then increasing by 25 bps increments annually to par on Nov. 20, 2017 and every anniversary thereafter.
Interest will be payable monthly.
General Electric Capital is a Fairfield, Conn., finance unit of General Electric Capital Services Inc.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Senior unsecured floating-rate notes
|
| Amount: | $167.43 million
|
| Maturity: | Nov. 20, 2047
|
| Underwriters: | UBS Securities LLC (lead), Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., J.P. Morgan Securities Inc., Deutsche Bank Securities Inc.
|
| Coupon: | One-month Libor minus 25 bps
|
| Price: | Par
|
| Yield: | One-month Libor minus 25 bps
|
| Call: | Beginning Nov. 20, 2037 at 105, then reducing in 50 bps increments annually to par on Nov. 20, 2047
|
| Put: | Beginning Nov. 20, 2009 at 98, then increasing in 25 bps increments annually to par on Nov. 20, 2017 and every anniversary thereafter
|
| Trade date: | Nov. 15
|
| Settlement date: | Nov. 20
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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