FAIRFIELD, Conn. ( TheStreet) -- GE Capital -- the finance arm of General Electric ( GE) -- on Tuesday launched $6 billion in debt offerings, in four tranches. According to details provided to TheStreet by a veteran bond trader and money manager, the tranches were priced as:
- $2 billion in 10-year bonds, with a coupon of 4.625%.
- $1.75 billion in three-year notes, with a coupon of 2.10%.
- $1 billion in 2-year floating rate notes, priced at three-month LIBOR + 0.57%, for an initial coupon of 0.87%.
- $1.25 billion in 3-year notes priced at three-month LIBOR + 0.87%, for an initial coupon of 1.15%.