By Andrea Heisinger
New York, June 22 - General Electric Capital Corp. priced $150 million 2.45% three-year medium-term notes backed by the Federal Deposit Insurance Corp., according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 99.857 to yield 2.494%, or Treasuries plus 64.9 basis points. The notes are non-callable.
Goldman Sachs & Co. was the bookrunner.
The financing arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed medium-term notes
|
| Amount: | $150 million
|
| Maturity: | Dec. 5, 2012
|
| Bookrunner: | Goldman Sachs & Co.
|
| Coupon: | 2.45%
|
| Price: | 99.857
|
| Yield: | 2.494%
|
| Spread: | Treasuries plus 64.9 bps
|
| Call: | Non-callable
|
| Trade date: | June 19
|
| Settlement date: | June 26
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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