Published on 8/3/2012 in the Prospect News Investment Grade Daily and Prospect News Structured Products Daily.
New Issue: GE Capital sells $125 million 1.125% fixed-to-floating rate three-year notes at par
By Andrea Heisinger
New York, Aug. 3 - General Electric Capital Corp. priced $125 million of three-year global fixed-to-floating-rate medium-term notes at par, according to a 424B2 filing with the Securities and Exchange Commission.
The notes have a fixed rate of 1.125% until Aug. 7, 2013 and then a floating rate of Libor plus 52.5 basis points until maturity. The bonds are non-callable.
Barclays acted as the bookrunner.
The financial products and services provider is based in Norwalk, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Fixed-to-floating-rate global medium-term notes
|
| Amount: | $125 million
|
| Maturity: | Aug. 7, 2015
|
| Bookrunner: | Barclays
|
| Coupon: | 1.125% until Aug. 7, 2013, then Libor plus 52.5 bps
|
| Price: | Par
|
| Yield: | 1.125% until Aug. 7, 2013, then Libor plus 52.5 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 2
|
| Settlement date: | Aug. 7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
