GE Capital Raises $2B

General Electric Capital has raised $2 billion in a sale of subordinated notes.

General Electric Capital has raised $2 billion in a sale of subordinated notes, Reuters reports. The Connecticut-based company appointed Barclays, Citi and Goldman Sachs as the joint bookrunning managers for the deal.

The notes carry a coupon rate of 5.300% and are due to mature on Feb. 11, 2021. The company intends to use the proceeds for general corporate purposes, which could include the repayment of outstanding debt securities.

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