New Issue: GE Capital sells $250 million three-year FDIC-backed notes at one-month Libor plus 85 bps

By Sheri Kasprzak

New York, Dec. 12 - General Electric Capital Corp. priced $250 million of three-year series G floating-rate senior notes backed by the Federal Deposit Insurance Corp., according to an FWP filing with the Securities and Exchange Commission.

The non-callable notes (Aaa/AAA/) priced at par to yield one-month Libor plus 85 basis points.

The bookrunners for the sale were Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., 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:	$250 million reopened
Maturity:	Dec. 15, 2011
Bookrunners:	Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Inc.
Coupon:	One-month Libor plus 85 bps, payable monthly
Price:	Par
Call:	Non-callable
Trade date:	Dec. 10
Settlement date:	Dec. 15
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

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