By Andrea Heisinger
New York, July 1 - General Electric Capital Corp. reopened its issue of 2.625% notes due Dec. 28, 2012 that are backed by the Federal Deposit Insurance Corp. to add $700 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA) priced at 100.972 to yield 2.333%, or Treasuries plus 74 basis points. They are non-callable.
Total issuance is $2.1 billion, including $1.4 billion from two previous deals.
Bookrunners were Banc of America Securities LLC and Deutsche Bank Securities Inc.
The funding 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: | $700 million reopened
|
| Maturity: | Dec. 28, 2012
|
| Bookrunners: | Banc of America Securities LLC, Deutsche Bank Securities Inc.
|
| Coupon: | 2.625%
|
| Price: | 100.972
|
| Yield: | 2.333%
|
| Spread: | Treasuries plus 74 bps
|
| Call: | Non-callable
|
| Trade date: | June 29
|
| Settlement date: | July 2
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $2.1 billion, including $1.4 billion in two previous issues
|
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