By Andrea Heisinger
New York, July 22 - General Electric Capital Corp. priced $650 million 2% notes due 2012 on Wednesday at Treasuries plus 56.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
They were sold with the guarantee of the Federal Deposit Insurance Corp.
The notes (Aaa/AAA) priced at 99.91 to yield 2.03%. They are non-callable.
The bookrunner was Citigroup Global Markets.
The funding arm of General Electric Co. is based in Fairfield, Conn.
Issuer: | General Electric Capital Corp.
|
Issue: | FDIC-backed notes
|
Amount: | $650 million
|
Maturity: | Sept. 28, 2012
|
Bookrunner: | Citigroup Global Markets
|
Coupon: | 2%
|
Price: | 99.91
|
Yield: | 2.03%
|
Spread: | Treasuries plus 56.5 bps
|
Call: | Non-callable
|
Trade date: | July 22
|
Settlement date: | July 28
|
Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.