GE Issues $7 Bln of Bonds

Company’s first sale since 2007 includes three-years, 10-years and 30-years.

General Electric Co., the biggest maker of power-generation equipment, sold $7 billion of debt in the parent company’s first offering for almost five years.

GE issued $2 billion of 0.85 percent, three-year notes that yield 55 basis points more than similar-maturity Treasuries, $3 billion of 2.7 percent, 10-year bonds at a spread of 110 basis points and $2 billion of 4.125 percent, 30-year securities at 135 basis points, according to data compiled by Bloomberg.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.