By Andrea Heisinger
New York, Feb. 7 - General Electric Capital Corp. reopened its issue of 2.15% notes due Jan. 9, 2015 to add $400 million, according to a 424B3 filing with the Securities and Exchange Commission.
The notes (Aa2/AA+/) were priced at 102.499 to yield 1.278% with a spread of Treasuries plus 95 basis points. The paper is non-callable.
Total issuance is $2.4 billion, including $2 billion priced on Jan. 4 at 180 bps over Treasuries.
Bookrunners were Bank of America Merrill Lynch and Barclays Capital Inc. CastleOak Securities LP was a co-manager.
The funding arm of General Electric Co. is based in Fairfield, Conn.
Issuer: | General Electric Capital Corp.
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Issue: | Senior notes, reopened
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Amount: | $400 million
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Maturity: | Jan. 9, 2015
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Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc.
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Co-manager: | CastleOak Securities LP
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Coupon: | 2.15%
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Price: | 102.499
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Yield: | 1.278%
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Spread: | Treasuries plus 95 bps
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Call: | Non-callable
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Trade date: | Feb. 3
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Settlement date: | Feb. 8
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Ratings: | Moody's: Aa2
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| Standard & Poor's: AA+
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Total issuance: | $2.4 billion, including $2 billion priced on Jan. 4 at 180 bps spread
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