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General Electric Capital plans FDIC-backed three-year note offering
By Andrea Heisinger
New York, Dec. 2 - General Electric Capital Corp. announced Tuesday it will price an issue of notes backed by the Federal Deposit Insurance Corp. Temporary Liquidity Guarantee Program, according to a 424B3 filing with the Securities and Exchange Commission.
The notes are expected to price Wednesday, a market source said, adding that it depends on market conditions.
The fixed-rate notes (Aaa/AAA) will mature in December 2011.
Banc of America Securities LLC, Barclays Capital and Citigroup Global Markets Inc. are joint lead managers.
The notes will be guaranteed by the FDIC until their maturity.
The funding arm of General Electric is based in Fairfield, Conn.
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