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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