General Electric sets guidance for benchmark two-part note offering; pricing Thursday

By Aleesia Forni

Virginia Beach, March 6 - General Electric Co. announced guidance on Thursday for a planned two-part benchmark offering of senior notes in tranches due 2024 and 2044, according to a syndicate source and a 424B5 filed with the Securities and Exchange Commission.

The 10-year notes are guided in the 90 basis points over Treasuries area, while the 30-year bonds are being guided in the area of 105 bps over Treasuries.

Barclays, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBC Capital Markets LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes.

General Electric Co. was last in the market pricing $7 billion of notes in three tranches on Oct. 1, 2012.

The technology and financial services company is based in Fairfield, Conn.

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