By Andrea Heisinger
New York, June 3 - General Electric Capital Corp. reopened its issue of 2.125% notes due 2012 that are backed by the Federal Deposit Insurance Corp. in order to add $850 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 99.851 to yield 2.185% with a spread of Treasuries plus 69 basis points. They are non-callable.
Total issuance is $3 billion, including $2.15 billion in three previous issues.
Bookrunners were Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
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 notes
|
| Amount: | $850 million reopened
|
| Maturity: | Dec. 21, 2012
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc.
|
| Coupon: | 2.125%
|
| Price: | 99.851
|
| Yield: | 2.185%
|
| Spread: | Treasuries plus 69 bps
|
| Call: | Non-callable
|
| Trade date: | June 1
|
| Settlement date: | June 8
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $3 billion, including $2.15 billion in three previous issues
|
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