By Andrea Heisinger
New York, Sept. 2 - General Electric Capital Corp. reopened its 2% notes due Sept. 28, 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 non-callable notes (Aaa/AAA/) priced at 100.505 to yield 1.83%, or Treasuries plus 43 basis points.
Total issuance is $1.65 billion, including $650 million sold on July 22 at 56.5 bps over Treasuries.
Bookrunners were Bank of America Merrill Lynch, Citigroup Global Markets Inc. and Morgan Stanley & Co. 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: | $1 billion, reopened
|
| Maturity: | Sept. 28, 2012
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. Inc.
|
| Coupon: | 2%
|
| Price: | 100.505
|
| Yield: | 1.83%
|
| Spread: | Treasuries plus 43 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 1
|
| Settlement date: | Sept. 4
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $1.65 billion, including $650 million sold July 22 at 56.5 bps over Treasuries
|
© 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.
