New Issue-GECC sells 152.6 bln yen in Samurai bonds

TOKYO, May 22 (Reuters) - General Electric Capital Corp
(GECC), the finance arm of General Electric Co (GE.N), sold 152.6
billion yen ($1.5 billion) of Samurai bonds on Thursday in four
tranches, joint lead manger Mitsubishi UFJ Securities said.

Details were as follows:

1. Three-year fixed-rate bond:

Issue amount: 44.2 billion yen

Coupon: 1.95 percent

Issue price: par

Maturity date: May 27, 2011

Coupon payments: May 29, Nov. 29

Payment date: May 29, 2008

Lead manager: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: Aaa (Moody's)

AAA (S&P)

Spread: yen swaps + 68 basis points

2. Five-year fixed-rate bond:

Issue amount: 67.6 billion yen

Coupon: 2.275 percent

Issue price: par

Maturity date: May 29, 2013

Coupon payments: May 29, Nov. 29

Payment date: May 29, 2008

Lead manager: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: Aaa (Moody's)

AAA (S&P)

Spread: yen swaps + 82 basis points

3. Ten-year fixed-rate bond:

Issue amount: 6.4 billion yen

Coupon: 2.885 percent

Issue price: par

Maturity date: May 29, 2018

Coupon payments: May 29, Nov. 29

Payment date: May 29, 2008

Lead manager: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: Aaa (Moody's)

AAA (S&P)

Spread: yen swaps + 103 basis points

4. Five-year floating-rate bond:

Issue amount: 34.4 billion yen

Coupon: 0.82 pct point above three-month yen LIBOR

Issue price: par

Maturity date: May 29, 2013

Coupon payments: Feb. 28, May 29, Aug. 29, Nov. 29

Payment date: May 29, 2008

Lead manager: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Fiscal agent: Mizuho Corporate Bank

Ratings: Aaa (Moody's)

AAA (S&P)

Samurai bonds are yen-denominated bonds issued in Japan by
foreign entities.