GE Capital Issues $4 Billion Debt

GE Capital finance arm is selling $4 billion of debt in two parts.

Immelt leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles

Jeffrey R. Immelt, chairman and chief executive of General Electric leads a discussion with business leaders at an Ecomagination news conference at Universal Studios in Los Angeles, California May 24, 2007. REUTERS/Fred Prouser

FRED PROUSER/REUTERS

General Electric Capital, the finance arm of General Electric, is selling $4 billion of debt in two parts, The Wall Street Journal reports. The first tranche of $2 billion notes, maturing on Jan. 8, 2013, will offer a coupon rate of 2.8 percent.

The second tranche of $2 billion notes, maturing on Jan. 8, 2020, will offer a coupon rate of 5.5 percent. The joint bookrunning managers on the sale are Bank of America Merrill Lynch, Citigroup, Credit Suisse and Morgan Stanley.

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