By Andrea Heisinger
New York, Aug. 26 - General Electric Capital Corp. reopened its issue of 2.625% senior notes due 2012 that are backed by the Federal Deposit Insurance Corp. to add $1 billion, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 101.519 to yield 2.15%, or Treasuries plus 57 basis points.
Total issuance is $4.1 billion, including $3.1 billion from four previous issues.
Bookrunners were J.P. Morgan Securities Inc. and Williams Capital Group LP.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | Senior notes, backed by FDIC
|
| Amount: | $1 billion reopened
|
| Maturity: | Dec. 28, 2012
|
| Bookrunners: | J.P. Morgan Securities Inc., Williams Capital Group LP
|
| Coupon: | 2.625%
|
| Price: | 101.519
|
| Yield: | 2.15%
|
| Spread: | Treasuries plus 57 bps
|
| Trade date: | Aug. 24
|
| Settlement date: | Aug. 27
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $4.1 billion, including $3.1 billion in four previous issues
|
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