By Andrea Heisinger
New York, April 6 - General Electric Capital Corp. priced $900 million floating-rate notes due Dec. 7, 2012 that are backed by the Federal Deposit Insurance Corp., according to a 424B3 filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) priced at par to yield three-month Libor plus 25 basis points and pay interest quarterly. The notes are non-callable.
Bookrunners were Credit Suisse Securities, J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc.
The funding arm of General Electric is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $900 million
|
| Maturity: | Dec. 7, 2012
|
| Bookrunners: | Credit Suisse Securities, J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc.
|
| Coupon: | Three-month Libor plus 25 bps, paid quarterly
|
| Price: | Par
|
| Yield: | Three-month Libor plus 25 bps
|
| Call: | Non-callable
|
| Trade date: | April 2
|
| Settlement date: | April 7
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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