By Andrea Heisinger
New York, May 28 - General Electric Capital Corp. reopened its issue of floating-rate notes due Dec. 21, 2012 that are backed by the Federal Deposit Insurance Corp. to add $250 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 100.394 with a coupon of three-month Libor flat. Interest is payable quarterly.
Total issuance is $1.75 billion, including $1 billion issued April 30 and $500 million issued May 1.
Goldman Sachs & Co. was the bookrunner.
The financing arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $250 million reopened
|
| Maturity: | Dec. 21, 2012
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | Three-month Libor flat
|
| Price: | 100.394
|
| Call: | Non-callable
|
| Trade date: | May 26
|
| Settlement date: | June 2
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $1.75 billion, including $1 billion issued April 30; $500 million issued May 1
|
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