By Andrea Heisinger
New York, July 20 - General Electric Capital Corp. priced $750 million floating-rate notes due 2012 on Monday that are backed by the Federal Deposit Insurance Corp., according to an FWP Securities and Exchange Commission filing.
The notes (Aaa/AAA) priced at par to yield three-month Libor plus 0 basis points. They are non-callable.
The agent was Banc of America Securities.
The funding arm of General Electric is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $750 million
|
| Maturity: | Sept. 21, 2012
|
| Agent: | Banc of America Securities |
|
| Coupon: | Three-month Libor plus 0 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 0 bps
|
| Call: | Non-callable
|
| Trade date: | July 20
|
| Settlement date: | July 23
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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