Published on 8/5/2009 in the Prospect News Investment Grade Daily.
New Issue: General Electric Capital sells $78.06 million Internotes in two parts
By Jennifer Chiou
New York, Aug. 5 - General Electric Capital Corp. priced $78.06 million of senior unsecured Internotes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.
The $52.07 million of six-year notes priced at par to yield 5.1%.
A second tranche of $25.99 million of 11-year notes priced at par to yield 6.2%.
Both tranches of notes are non-callable.
Agents were Bank of America Merrill Lynch, InCapital, Charles Schwab & Co., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank and Wachovia Capital Markets LLC.
The funding arm of General Electric Co. is based in Fairfield, Conn.
Issuer: | General Electric Capital Corp.
|
Issue: | Senior unsecured Internotes
|
Total amount: | $78,055,000
|
Agents: | Bank of America Merrill Lynch, InCapital, Charles Schwab & Co., Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., UBS Investment Bank, Wachovia Capital Markets LLC
|
Call: | Non-callable
|
Trade date: | Aug. 3
|
Settlement date: | Aug. 6
|
|
Six-year notes
|
Amount: | $52,068,000
|
Maturity: | Aug. 15, 2015
|
Coupon: | 5.1%
|
Price: | Par
|
Yield: | 5.1%
|
|
11-year notes
|
Amount: | $25,987,000
|
Maturity: | Aug. 15, 2020
|
Coupon: | 6.2%
|
Price: | Par
|
Yield: | 6.2%
|
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