By Andrea Heisinger
New York, May 10 - General Electric Capital Corp. reopened its issue of 4.65% notes due Oct. 17, 2021 (Aa2/AA+/) to add $100 million, according to FWP filings with the Securities and Exchange Commission.
There was one reopening to add $50 million with pricing at 114.487 to yield 2.715% with a spread of Treasuries plus 96 basis points.
Another reopening also added $50 million, with pricing at 114.459 to yield 2.718% with a spread of 96 bps over Treasuries.
Total issuance will be $3.1 billion, including $3 billion previously priced in three issues.
The bookrunner for both reopenings was Citigroup Global Markets Inc.
The funding arm of General Electric Co. is based in Norwalk, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Global medium-term notes
|
| Amount: | $100 million, reopened
|
| Maturity: | Oct. 17, 2021
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 4.65%
|
| Call: | Non-callable
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA+
|
| Total outstanding: | $3.1 billion, including $3 billion sold in three previous sales
|
|
|
| Notes reopened May 8
|
| Amount: | $50 million
|
| Price: | 114.487
|
| Yield: | 2.715%
|
| Spread: | Treasuries plus 96 bps
|
| Trade date: | May 8
|
| Settlement date: | May 13
|
|
|
| Notes reopened May 9
|
| Amount: | $50 million
|
| Price: | 114.459
|
| Yield: | 2.718%
|
| Spread: | Treasuries plus 96 bps
|
| Trade date: | May 9
|
| Settlement date: | May 14
|
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