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Published on 4/24/2012 in the Prospect News Investment Grade Daily.

New Issue: General Electric Capital sells $750 million 18-month floaters at Libor plus 50 bps

By Andrea Heisinger

New York, April 24 - General Electric Capital Corp. sold $750 million of floating-rate notes due in 2013 at par to yield Libor plus 50 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes are non-callable.

Citigroup Global Markets Inc. and RBC Capital Markets LLC were the bookrunners.

The financial products and services provider is based in Norwalk, Conn.

Issuer:General Electric Capital Corp.
Issue:Floating-rate notes
Amount:$750 million
Maturity:Oct. 25, 2013
Bookrunners:Citigroup Global Markets Inc., RBC Capital Markets LLC
Coupon:Libor plus 50 bps
Price:Par
Yield:Libor plus 50 bps
Call:Non-callable
Trade date:April 20
Settlement date:April 25

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