By Andrea Heisinger
New York, May 5 - General Electric Capital Corp. sold $1 billion of floating-rate notes due Dec. 21, 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 flat. The notes are non-callable and have interest paid quarterly.
J.P. Morgan Securities Inc. was the bookrunner.
The financial arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $1 billion
|
| Maturity: | Dec. 21, 2012
|
| Bookrunner: | J.P. Morgan Securities Inc.
|
| Coupon: | Three-month Libor flat
|
| Price: | Par
|
| Yield: | Three-month Libor flat
|
| Call: | Non-callable
|
| Trade date: | April 30
|
| Settlement date: | May 5
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
© 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.
