GE Capital Corp $2B 5-Yr Nonguaranteed Notes Launch Tsys +3.875

May 6, 2009 12:33:55 (ET)




By Kellie Geressy
Of DOW JONES NEWSWIRES


NEW YORK (Dow Jones)--General Electric Capital Corp., the financing arm of General Electric Co. (GE), launched a $2 billion offering of non-guaranteed notes Wednesday, according to an investor looking at the deal.

The five-year issue was launched at a spread of 387.5 basis points over Treasurys, at the narrow end of preliminary price guidance suggesting a risk premium in the 387.5 to 400 basis point range.

The issue is expected to price later Wednesday via joint lead managers Barclays Capital, Goldman Sachs, HSBC, Morgan Stanley and Credit Suisse.

It has been rated AA2 by Moody's Investors Service and AA+ by Standard & Poor's.

-By Kellie Geressy; Dow Jones Newswires

(201) 938-2050; kellie.geressy@dowjones.com

(END) Dow Jones Newswires

May 06, 2009 12:33 ET (16:33 GMT)