By Andrea Heisinger
New York, April 23 - General Electric Capital Corp. reopened its issue of 2.25% global notes due March 12, 2012 backed by the Federal Deposit Insurance Corp. to add $450 million, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/) priced at 100.758 to yield 1.977%, or Treasuries plus 65 basis points.
Total issuance is $1.95 billion, including $1.5 billion issued March 9.
Banc of America Securities LLC was the bookrunner.
The financing arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | $450 million reopened
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Amount: | FDIC-backed global notes
|
| Maturity: | March 12, 2012
|
| Bookrunner: | Banc of America Securities LLC
|
| Coupon: | 2.25%
|
| Price: | 100.758
|
| Yield: | 1.977%
|
| Spread: | Treasuries plus 65 bps
|
| Call: | Non-callable
|
| Trade date: | April 22
|
| Settlement date: | April 27
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $1.95 billion, including $1.5 billion issued March 9
|
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