By Jennifer Chiou
New York, Aug. 17 - General Electric Capital Corp. added another $50 million to its issue of five-year fixed- to floating-rate global medium-term notes, according to a 424B3 filing with the Securities and Exchange Commission.
The notes have a fixed rate of 2.5% and priced at par to yield 2.5% from and including Aug. 11, 2010 up to but excluding Aug. 11, 2011.
After that date until maturity the notes have a floating rate of three-month Libor plus 75 basis points and a price of par.
The notes are non-callable.
The total issuance is now $200 million, including the original $100 million traded on July 28. The notes were reopened for $50 million on Aug. 4.
Morgan Stanley & Co. Inc. was the bookrunner.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Fixed- to floating-rate notes
|
| Amount: | $50 million add-on
|
| Maturity: | Aug. 11, 2015
|
| Bookrunner: | Morgan Stanley & Co. Inc.
|
| Coupon: | 2.5% until Aug. 10, 2011, then three-month Libor plus 75 bps until maturity
|
| Price: | Par
|
| Yield: | 2.5% until Aug. 10, 2011, then three-month Libor plus 75 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 13
|
| Settlement date: | Aug. 20
|
| Total issuance: | $200 million, including $100 million priced on July 28 and $50 million on Aug. 4
|
| Cusip: | 36962G4N1
|
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