Gen Electric (NYSE:GE)
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2 Years : From Aug 2012 to Aug 2014
By Ben Edwards
General Electric Co. (GE) is planning a benchmark-size, four-year euro-dollar bond, one of the banks running the deal said Tuesday.
Initial guidance on the Reg-S dollar bond--which means it isn't sold into the U.S.--is 75 to 80 basis points over midswaps.
Credit Suisse Group AG and Deutsche Bank AG are the lead managers of the sale.
The issuer is rated A1 by Moody's Investors Service Inc. and AA+ by Standard & Poor's Corp.
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