New Issue: GE Capital prices $1 billion two-year floaters to yield Libor plus 40 bps

By Andrea Heisinger

Omaha, June 5 - General Electric Capital Corp. priced $1 billion two-year senior floating-rate medium-term notes on Wednesday at par to yield three-month Libor plus 40 basis points, according to an FWP filing with the Securities and Exchange Commission.

The global medium-term notes (Aaa/AAA/) have interest paid quarterly and are non-callable.

Agents were Goldman Sachs & Co., J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc. and Morgan Stanley & Co., Inc.

The funding branch of General Electric is based in Fairfield, Conn.

Issuer:	General Electric Capital Corp.
Issue:	Senior global floating-rate medium-term notes
Amount:	$1 billion
Maturity:	June 9, 2010
Agents:	Goldman Sachs & Co., J.P. Morgan Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co., Inc.
Coupon:	Three-month Libor plus 40 bps
Price:	Par
Yield:	Three-month Libor plus 40 bps
Call:	Non-callable
Trade date:	June 4
Settlement date:	June 9
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

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