Bloomberg News

GE Capital Said to Sell at Least 40 Billion Yen of Samurai Bonds

November 16, 2011

Nov. 16 (Bloomberg) -- General Electric Co.’s finance arm plans to sell at least 40 billion yen of Samurai bonds tomorrow, according to a person with direct knowledge of the matter.

General Electric Capital Corp. told investors it plans to sell at least 40 billion yen of five-year bonds priced to yield 80 basis points, or 0.8 percentage point, more than the yen swap rate, said the person, asking not to be identified as the information is private.

GE Capital may also sell three-year bonds at a spread of 40 basis points more than the benchmark yen swap rate, and the same-maturity floating-rate notes yielding 55 basis points more than three-month London interbank offered rate for yen, said the person.

The company may also sell five-year floating-rate notes yielding 95 basis points more than the three-month yen Libor, the person said.

To contact the reporter on this story: Yusuke Miyazawa in Tokyo at ymiyazawa3@bloomberg.net

To contact the editor responsible for this story: Pavel Alpeyev at palpeyev@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus