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.

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