General Electric Co.’s finance arm has started marketing Samurai bonds, a source said.
General Electric Capital Corp. told investors it plans to sell five-year bonds priced to yield 80 basis points, or 0.8 percentage point, more than the yen swap rate, said the source, asking not to be identified as the information is private.
GE Capital may also sell three-year bonds at a spread of between 40 and 45 basis points above the benchmark yen swap rate, and three-year floating-rate notes yielding a spread of between 55 and 60 basis points more than three-month London interbank offered rate, or Libor, for yen depending on demand, the source said.
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