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%.

A General Electric spokesperson was unable to provide immediate comment.

-- Written by Philip van Doorn in Jupiter, Fla.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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