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Published on 1/30/2008 in the Prospect News Investment Grade Daily.

New Issue: GE Capital sells $2.4 billion three-year notes at 99.7855 with Libor plus 45 bps coupon

By Andrea Heisinger

Omaha, Jan. 30 - General Electric Capital Corp. priced $2.4 billion of three-year global floating-rate medium-term notes (Aaa/AAA) at 99.7855 with a coupon of three-month Libor plus 45 basis points, according to a 424B3 filing with the Securities and Exchange Commission.

Agents were Banc of America Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and Morgan Stanley & Co. Inc.

The consumer and commercial finance arm of General Electric is based in Fairfield, Conn.

Issuer:General Electric Capital Corp.
Issue:Global floating-rate medium-term notes
Amount:$2.4 billion
Maturity:Feb. 1, 2011
Agents:Banc of America Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co. Inc.
Coupon:Three-month Libor plus 45 bps
Price:99.7855
Trade date:Jan. 29
Settlement date:Feb. 1
Ratings:Moody's: Aaa
Standard & Poor's: AAA

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