New Issue: GE Capital prices $100 million 1.55% fixed-to-floating-rate notes due 2016 at par

By Andrea Heisinger

New York, Feb. 3 - General Electric Capital Corp. sold $100 million of 1.55% fixed-to-floating-rate notes due 2016 at par, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa2/AA+/) have a fixed-rate coupon until Feb. 8, 2013, and then it switches to a floating rate of Libor plus 80 basis points. The paper is non-callable.

Barclays Capital Inc. was the bookrunner for the deal.

The funding arm of General Electric Co. is based in Fairfield, Conn.

Issuer:	General Electric Capital Corp.
Issue:	Fixed-to-floating-rate notes
Amount:	$100 million
Maturity:	Feb. 8, 2016
Bookrunner:	Barclays Capital Inc.
Coupon:	1.55% until Feb. 8, 2013, on that date and after at Libor plus 80 bps
Price:	Par
Yield:	1.55% until Feb. 8, 2013, on that date and after at Libor plus 80 bps
Call:	Non-callable
Trade date:	Feb. 1
Settlement date:	Feb. 8
Ratings:	Moody's: Aa2
	Standard & Poor's: AA+

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