By Andrea Heisinger
New York, Feb. 7 - General Electric Capital Corp. reopened its issue of 2.15% notes due Jan. 9, 2015 to add $400 million, according to a 424B3 filing with the Securities and Exchange Commission.
The notes (Aa2/AA+/) were priced at 102.499 to yield 1.278% with a spread of Treasuries plus 95 basis points. The paper is non-callable.
Total issuance is $2.4 billion, including $2 billion priced on Jan. 4 at 180 bps over Treasuries.
Bookrunners were Bank of America Merrill Lynch and Barclays Capital Inc. CastleOak Securities LP was a co-manager.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Senior notes, reopened
|
| Amount: | $400 million
|
| Maturity: | Jan. 9, 2015
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc.
|
| Co-manager: | CastleOak Securities LP
|
| Coupon: | 2.15%
|
| Price: | 102.499
|
| Yield: | 1.278%
|
| Spread: | Treasuries plus 95 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 3
|
| Settlement date: | Feb. 8
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Total issuance: | $2.4 billion, including $2 billion priced on Jan. 4 at 180 bps spread
|
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