The Wall Street Journal reported that GE Capital has marketed $4 billion of bonds in three parts. The GE Capital bonds were expected to be rated Aa2 by Moody’s Investors Service and AA-plus by Standard & Poor’s, and consisted of new three- and five-year notes, plus 10-year debt under a reopening of GECC’s existing Oct. 2021 issue bearing a 4.65% coupon.

A $2 billion tranche of three-year debt was launched at 1.80 percentage points over comparable government debt, in line with price guidance; a $1 billion chunk of five-year debt was launched at a premium of 2.05 percentage points over Treasurys; and $1 billion of the 10-year debt was launched at a spread of 2.40 percentage points, WSJ said.

To read the WSJ article, click here.