By Andrea Heisinger
New York, May 28 - General Electric Capital Corp. reopened its issue of 2.125% notes due Dec. 21, 2012 that are backed by the Federal Deposit Insurance Corp. to add $650 million, according to an FWP filing with the Securities and Exchange Commission.
The non-callable notes (Aaa/AAA/) priced at 100.061 to yield 2.107%, or Treasuries plus 63.5 basis points.
Total issuance is $2.15 billion, including $1 billion issued May 5 and $500 million issued May 15.
Bookrunners were J.P. Morgan Securities Inc. and Citigroup Global Markets Inc.
The financing arm of General Electric Co. is based in Fairfield, Conn.
Issuer: | General Electric Capital Corp.
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Guarantor: | Federal Deposit Insurance Corp.
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Issue: | FDIC-backed notes
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Amount: | $650 million reopened
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Maturity: | Dec. 21, 2012
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Bookrunners: | J.P. Morgan Securities Inc., Citigroup Global Markets Inc.
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Coupon: | 2.125%
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Price: | 100.061
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Yield: | 2.107%
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Spread: | Treasuries plus 63.5 bps
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Call: | Non-callable
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Trade date: | May 26
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Settlement date: | June 2
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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Total issuance: | $2.15 billion, including $1 billion issued May 5; $500 million issued May 15
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