Published on 1/8/2015 in the Prospect News Investment Grade Daily.
New Issue: GE Capital prices $160 million 18-month floaters at Libor plus 20 bps
By Aleesia Forni
Virginia Beach, Jan. 8 – General Electric Capital Corp. priced $160 million of floating-rate senior notes due July 5, 2016 at par to yield Libor plus 20 basis points, according to an FWP filed with the Securities and Exchange Commission.
The lead manager was CastleOak Securities LP.
The funding arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Amount: | $160 million
|
| Description: | Senior notes
|
| Maturity: | July 5, 2016
|
| Lead manager: | CastleOak Securities LP
|
| Coupon: | Libor plus 20 bps
|
| Price: | Par
|
| Yield: | Libor plus 20 bps
|
| Trade date: | Jan. 7
|
| Settlement date: | Jan. 12
|
| Distribution: | SEC registered
|
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