Daily News: January 3, 2014

Bloomberg: GE Leads $427B of U.S. Debt Due in 2014

Bloomberg reported General Electric is leading U.S. corporate issuers that have a combined $427 billion of bonds and loans maturing in 2014.

Bloomberg said GE has $35.2 billion of debt due in 2014, mostly at GE Capital, followed by banks including JPMorgan Chase with $28.2 billion and Bank of America with $26.9 billion.

The article noted that companies have exploited the Fed’s stimulus over the past five years to refinance bonds and loans, leaving impending maturities about 30% less than the $620 billion in 2012.

To read the full Bloomberg article click here.