By Andrea Heisinger
New York, Jan. 25 - General Electric Capital Corp. sold $100 million of three-year fixed-to-floating-rate notes at par with an initial coupon of 1.375%, according to an FWP filing with the Securities and Exchange Commission.
The notes have an initial coupon of 1.375% from settlement until Jan. 30, 2013. After that date they have a floating rate of Libor plus 75 basis points.
The paper is non-callable.
Barclays Capital Inc. was the bookrunner.
The funding arm of General Electric Co. is based in Norwalk, Conn.
| Issuer: | General Electric Capital Corp.
|
| Issue: | Senior fixed-to-floating-rate notes
|
| Amount: | $100 million
|
| Maturity: | Jan. 30, 2015
|
| Bookrunner: | Barclays Capital Inc.
|
| Coupon: | 1.375% until Jan. 30, 2013, after at Libor plus 75 bps
|
| Price: | Par
|
| Yield: | 1.375% until Jan. 30, 2013, after at Libor plus 75 bps
|
| Call: | Non-callable
|
| Trade date: | Jan. 23
|
| Settlement date: | Jan. 30
|
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