Daily News: March 11, 2013

GE Capital Selling $500MM Floating Rate Debt

Fox Business News reported, according to people familiar with the deal, that GE Capital is marketing $500 million in rare ten-year floating-rate notes to investors.

Fox said the notes would be the first floating-rate debt with a maturity of that length to price this year and noted only about $5 billion of such notes have been issued in the past five years combined, as companies have focused on locking in low fixed-rate costs.

To read the entire Fox Business News release, click here.