By Andrea Heisinger
New York, March 12 - General Electric Capital Corp. added $1 billion to its issue of three-year floating-rate notes (Aaa/AAA/AAA) backed by the Federal Deposit Insurance Corp., according to a 424B3 filing with the Securities and Exchange Commission.
The add-on priced at par with a coupon of three-month Libor plus 20 bps.
Total issuance is $2.5 billion, including $1.5 billion priced Monday. The add-on brings the total amount of the sale to $2.5 billion.
Bookrunners were Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.
Co-lead managers were Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and RBS Greenwich Capital.
Co-managers were Blaylock Robert Van LLC, CastleOak Securities LP, Samuel Ramirez & Co. Inc., Utendahl Capital Group LP and the Williams Capital Group LP.
The funding arm of General Electric is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $1 billion add-on
|
| Maturity: | March 12, 2012
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc.
|
| Co-lead managers: | Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., RBS Greenwich Capital
|
| Co-managers: | Blaylock Robert Van LLC, CastleOak Securities LP, Samuel Ramirez & Co. Inc., Utendahl Capital Group LP, the Williams Capital Group LP
|
| Coupon: | Three-month Libor plus 20 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 20 bps
|
| Call: | Non-callable
|
| Trade date: | March 10
|
| Settlement date: | March 12
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $2.5 billion, including $1.5 billion sold March 9
|
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