GE Capital, the finance group within General Electric Company (GE), made an offering in the market to raise $6 billion in debt according to the following details;

The first tranche of $2 billion in 10-year bonds is priced  at 4.625%.

The second tranche of $1.75 billion in three-year notes is priced at 2.10%.

The third tranche of $1 billion in 2-year floating rate notes is priced at three-month LIBOR + 0.57%, for an initial coupon of 0.87%.

The final tranche of $1.25 billion in 3-year notes ia priced at three-month LIBOR + 0.87%, for an initial coupon of 1.15%.

GE has one of the best infrastructure franchises worldwide with solid organic growth rates, exposure to favorable secular trends and a large installed base supporting a growing annuity-like service business. 

Infrastructure businesses from GE are helping build the energy, health, transportation and technology infrastructure of the new century. These businesses provide the products and services that help developing regions participate in the global economy, while also helping developed regions upgrade with cleaner, more efficient and better technologies.

Financial business at GE offers an array of products and services aimed at enabling commercial businesses, consumers and markets worldwide to build astronger and financially secure future.

GE has adopted strategic imperatives to strengthen its portfolio by building strong growth platforms and generating cash from low-return businesses.  Its focus remains on accelerating organic growth and achieving technical and service excellence, while building enduring customer relationships around the world. 

We currently have a Neutral recommendation on General Electric Company.