By Jennifer Chiou
New York, Dec. 3 - General Electric Capital Corp. priced $125 million of senior unsecured notes due July 27, 2012 at 99.02548 for a discount margin of Libor plus 40 basis points, according to a 424B3 filing with the Securities and Exchange Commission.
The notes (Aaa/AAA) bear interest at Libor plus 17 bps. Interest is payable quarterly.
The notes are not callable.
Banc of America Securities LLC is the lead manager.
The company has already issued $850 million of the notes in two previous offerings.
General Electric Capital is the financing arm of General Electric Co.
| Issuer: | General Electric Capital Corp.
|
| Security description: | Senior unsecured floating-rate notes
|
| Face amount: | $125 million
|
| Maturity: | July 27, 2012
|
| Lead manager: | Banc of America Securities LLC
|
| Coupon: | Libor plus 17 bps
|
| Price: | 99.02548
|
| Discount margin: | Libor plus 40 bps
|
| Call: | Non-callable
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 6 plus accrued interest from Oct. 29
|
| Fees: | 0.15%
|
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