New Issue: General Electric sells reopened $300 million two-year FDIC-insured notes at Libor plus 63 bps

By Sheri Kasprzak

New York, Dec. 11 - General Electric Capital Corp. priced a reopened $300 million two-year series G senior floating-rate notes backed by the Federal Deposit Insurance Corp.'s Temporary Liquidity Guarantee Program, according to a 424B3 filing with the Securities and Exchange Commission.

The non-callable notes (Aaa/AAA/) priced at 100.009 with a coupon of three-month Libor plus 63 basis points.

The bookrunners for the notes were Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets, Goldman, Sachs & Co. and Morgan Stanley & Co. Inc.

Fairfield, Conn.-based General Electric Capital is the financing arm of the General Electric Co., a technology, media and financial services company.

Issuer:	General Electric Capital Corp.
Guarantor:	Federal Deposit Insurance Corp.
Issue:	FDIC-backed series G senior floating-rate notes
Amount:	$300 million reopened
Maturity:	Dec. 9, 2010
Bookrunners:	Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets, Goldman, Sachs & Co., Morgan Stanley & Co. Inc.
Coupon:	Three-month Libor plus 63 bps
Price:	100.009
Call:	Non-callable
Trade date:	Dec. 9
Settlement date:	Dec. 12
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA
Total amount:	$1.3 billion, including $1 billion sold on Dec. 4

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