By Andrea Heisinger
New York, Aug. 21 - General Electric Capital Corp. reopened its 2.625% bonds due Dec. 28, 2012 that are backed by the Federal Deposit Insurance Corp. in order to add $1 billion, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) priced at 101.757 to yield 2.078%, or Treasuries plus 57 basis points. They are non-callable.
Total issuance is $3.1 billion, including $2.1 billion offered in three previous deals.
Bookrunners were Bank of America Merrill Lynch and Citigroup Global Markets Inc.
The financing arm of General Electric Co. is based in Fairfield, Conn.
| Issuer: | General Electric Capital Corp.
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | Senior notes, FDIC-backed
|
| Amount: | $1 billion reopened
|
| Maturity: | Dec. 28, 2012
|
| Bookrunners: | Bank of America Merrill Lynch, Citigroup Global Markets Inc.
|
| Coupon: | 2.625%
|
| Price: | 101.757
|
| Yield: | 2.078%
|
| Spread: | Treasuries plus 57 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 19
|
| Settlement date: | Aug. 24
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $3.1 billion, including $2.1 billion from three previous deals
|
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