New Issue-GE Capital sells $2.25 bln in perpetuals

June 7 (Reuters) - General Electric Capital Corp on
Thursday sold $2.25 billion of fixed-to-floating rate
non-cumulative perpetual preferred Series A stock, said IFR, a
Thomson Reuters service.
Bank of America Merrill Lynch, Barclays Capital, Citigroup,
Goldman Sachs and JP Morgan were the joint bookrunning managers
for the sale.

BORROWER: GENERAL ELECTRIC CAPITAL CORP

AMT $2.25 BLN COUPON 7.125 PCT* MATURITY PERPETUAL
TYPE HYBRID ISS PRICE 100 FIRST PAY 12/15/2012
MOODY'S Baa1 YIELD 7.125 PCT SETTLEMENT 06/12/2012
S&P AA-MINUS SPREAD 529.6 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS CALLABLE 06/15/2022

*After 6/15/2022 notes will float at 3-mo Libor +529.6 basis
points; pays semi-annually until 2022, and quarterly thereafter.