By Andrea Heisinger
New York, Aug. 18 - General Electric Capital Corp. reopened an issue of five-year fixed-to-floating-rate notes on Wednesday to add $100 million, according to an FWP filing with the Securities and Exchange Commission.
The notes priced at par and have a fixed rate of 2.5% from and including Aug. 11 until Aug. 11, 2011. After that they have a floating rate of three-month Libor plus 75 bps until maturity.
The notes are non-callable.
Total issuance is $300 million, including $200 million priced in three previous issues.
Morgan Stanley & Co. Inc. was the agent for the sale.
The funding arm of General Electric is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Fixed-to-floating-rate unsecured notes
|
| Amount: | $100 million, reopened
|
| Maturity: | Aug. 11, 2015
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Coupon: | 2.5% from and including Aug. 11 until Aug. 11, 2011, then a floating rate of three-month Libor plus 75 bps until maturity.
|
| Price: | Par
|
| Call: | Non-callable
|
| Trade date: | Aug. 18
|
| Settlement date: | Aug. 20
|
| Total issuance: | $300 million, including $200 million priced in three other issues
|
© 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.
