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Published on 6/22/2011 in the Prospect News Investment Grade Daily.

New Issue: GE Capital sells $500 million 2.375% four-year notes to yield 2.415%

By Andrea Heisinger

New York, June 22 - General Electric Capital Corp. sold $500 million of 2.375% four-year notes on Monday at 99.847 to yield 2.415%, according to a market source and an FWP filing with the Securities and Exchange Commission.

There was no spread talk on the sale, the source said.

The notes (Aa2/AA+/) are non-callable.

Citigroup Global Markets Inc. was the lead manager.

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

Issuer:General Electric Capital Corp.
Issue:Global medium-term notes
Amount:$500 million
Maturity:June 30, 2015
Lead manager:Citigroup Global Markets Inc.
Coupon:2.375%
Price:99.847
Yield:2.415%
Call:Non-callable
Trade date:June 20
Settlement date:June 23
Ratings:Moody's: Aa2
Standard & Poor's: AA+

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