New Issue: GE Capital sells $1 billion 1.6% five-year notes to yield 100 bps over Treasuries

By Andrea Heisinger

New York, Nov. 14 - General Electric Capital Corp. sold $1 billion of 1.6% five-year notes on Wednesday to yield Treasuries plus 100 basis points, according to a market source.

The notes (A1/AA+/) were priced at 99.871 to yield 1.627%. There is no call option.

Bookrunners were Barclays, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc.

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

Issuer:	General Electric Capital Corp.
Issue:	Notes
Amount:	$1 billion
Maturity:	Nov. 20, 2017
Bookrunners:	Barclays, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc.
Coupon:	1.6%
Price:	99.871
Yield:	1.627%
Spread:	Treasuries plus 100 bps
Call:	Non-callable
Trade date:	Nov. 14
Settlement date:	Nov. 20
Ratings:	Moody's: A1
	Standard & Poor's: AA+

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