Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Commentary > News item |
Midday commentary: Primary market muted; GE Capital notes trade better in secondary
By Aleesia Forni
Columbus, Ohio, Jan. 4 - The primary market is expected to remain quiet on Friday, while the fixed-rate tranches of General Electric Capital Corp.'s new deal were trading tighter early during the session, a trader said.
The $1.4 billion of 1% three-year notes was seen at 68 bps bid, 65 bps offered after trading at 68 bps offered late Thursday.
The notes sold at a spread of Treasuries plus 72 bps on Thursday.
The $2 billion tranche of 3.1% 10-year notes was quoted 3 bps better at 119 bps bid, 117 bps offered.
The notes sold at a spread of 122 bps over Treasuries before tightening to 122 bps bid, 118 bps offered on Thursday.
General Electric Capital also priced a $600 million tranche of floating-rate notes as part of the $4 billion offering.
The funding arm of General Electric Co. is based in Norwalk, Conn.
© 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.