By Andrea Heisinger
New York, Sept. 30 - General Electric Capital Corp. reopened its issue of 2.125% notes due Dec. 21, 2012 that are backed by the Federal Deposit Insurance Corp. to add $1.5 billion, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 100.431 to yield 1.986%, or Treasuries plus 50 basis points. They are non-callable.
Total issuance is $4.65 billion, including $3.15 billion in five previous sales.
Morgan Stanley & Co. Inc. was the agent.
Co-managers were Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Blaylock Robert Van LLC, CastleOak Securities LP, Samuel Ramirez & Co., Utendahl Capital Group LLC 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: | FDIC-backed notes
|
| Amount: | $1.5 billion reopened
|
| Maturity: | Dec. 21, 2012
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Co-managers: | Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Blaylock Robert Van LLC, CastleOak Securities LP, Samuel Ramirez & Co., Utendahl Capital Group LLC, Williams Capital Group LP
|
| Coupon: | 2.125%
|
| Price: | 100.431
|
| Yield: | 1.986%
|
| Spread: | Treasuries plus 50 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 29
|
| Settlement date: | Sept. 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $4.65 billion, including $3.15 billion in five previous issues
|
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