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General Electric Plans Benchmark 4-Year Euro-dollar Bond Issue

Date : 11/13/2012 @ 2:42PM
Source : Dow Jones News
Stock : General Electric (GE)
Quote : 26.56  0.44 (1.68%) @ 5:30AM
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General Electric Plans Benchmark 4-Year Euro-dollar Bond Issue

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   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.

Write to Ben Edwards at ben.edwards@dowjones.com



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