NASDAQ Careers: Find a Job Now Web NASDAQ.com
Search

General Electric Cap Corp Launches $1.5 Billion 5-Year At Treasurys +155 BPs



DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- General Electric Capital Corp. on Tuesday launched $1.5 billion in notes maturing in five years, according to a person familiar with the deal.

The notes were launched at 155 basis points over Treasurys. These levels are at the tight end of earlier price guidance, indicating good demand. Meanwhile, a 5.5% note due in 2014 is quoted at 145 basis points over Treasurys on MarketAxess. The notes are expected to price later Thursday via bookrunners Citigroup, Bank of America Merrill Lynch, Goldman Sachs, JP Morgan and Morgan Stanley.

General Electric is rated Aa2 by Moody's and AA+ by Standard & Poors.

-By Melissa Korn, Dow Jones Newswires; 212-416-2271; melissa.korn@dowjones.com


  (END) Dow Jones Newswires
  11-10-091411ET
  Copyright (c) 2009 Dow Jones & Company, Inc.

The Wall Street Journal
Click here for a free trial