By Sheri Kasprzak
New York, March 31 - General Electric Capital Corp. priced $975 million in FDIC-guaranteed senior notes, said a form 8-K filed Tuesday with the Securities and Exchange Commission.
The notes (Aaa/AAA/), which are due March 30, 2012, priced at par to yield three-month Libor plus 22 basis points.
The interest rate on the notes resets quarterly.
Banc of America Securities LLC and Morgan Stanley & Co. Inc. were the joint bookrunners, each taking half of the offering.
| Issuer: | General Electric Capital Corp.
|
| Issue: | FDIC-backed senior notes
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| Amount: | $975 million
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| Bookrunners: | Banc of America Securities LLC and Morgan Stanley & Co. Inc.
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| Maturity: | March 30, 2012
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| Coupon: | Three-month Libor plus 22 bps
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| Price: | Par
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| Yield: | Three-month Libor plus 22 bps
|
| Trade date: | March 27
|
| Settlement date: | March 31
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| Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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