New Issue: GE Capital sells $250 million fixed-to-floating five-year notes at par

By Andrea Heisinger

New York, Sept. 17 - General Electric Capital Corp. sold $250 million of five-year fixed-to-floating rate senior unsecured notes, according to an FWP filing with the Securities and Exchange Commission.

The notes have a coupon of 2.25% from Sept. 30 up to Sept. 30, 2011 and then a floating rate of three-month Libor plus 65 basis points up to the date of maturity. The notes were priced at par and are non-callable.

Morgan Stanley & Co. Inc. was the bookrunner.

The funding arm of General Electric is based in Fairfield, Conn.

Issuer:	General Electric Capital Corp.
Issue:	Senior unsecured fixed-to-floating rate notes
Amount:	$250 million
Maturity:	Sept. 30, 2015
Bookrunner:	Morgan Stanley & Co. Inc.
Coupon:	2.25% from Sept. 30 to Sept. 30, 2011, then floating rate of three-month Libor plus 65 bps until maturity
Price:	Par
Yield:	2.25% from Sept. 30 to Sept. 30, 2011, then floating rate of three-month Libor plus 65 bps until maturity
Call:	Non-callable
Trade date:	Sept. 15
Settlement date:	Sept. 30

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