Published on 8/16/2007 in the Prospect News Investment Grade Daily.
New issue: GE Capital prices $2.2 billion in three-year floaters at Libor plus 180 bps
By Andrea Heisinger
Omaha, Aug. 16 - General Electric Capital Corp. priced $2.2 billion in three-year global senior unsecured floating-rate notes at Libor plus 180 basis points.
The notes (Aaa/AAA) priced at par.
Lead managers were Banc of America Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Inc., and Morgan Stanley & Co., Inc.
| Issuer: | General Electric Capital Corp.
|
| Security description: | Global senior unsecured floating rate notes
|
| Amount: | $2.2 billion
|
| Maturity: | Aug. 20, 2010
|
| Coupon: | Libor plus 180 bps
|
| Price: | Par
|
| Yield: | Libor plus 180 bps
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Lead managers: | Banc of America Securities LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Inc., Morgan Stanley & Co., Inc.
|
| Trade date: | Aug. 15
|
| Settlement date: | Aug. 20
|
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