UPDATE 1-GE says has raised more than $29 bln in bonds

BOSTON, Jan 12 (Reuters) - General Electric Co (GE.N) has raised more than $29 billion through bond offerings so far this year, putting it more than 60 percent of the way to its $45 billion goal, it said on a website on Monday.

"There has been strong demand for GE's debt, with all three offerings oversubscribed," the U.S. conglomerate said on GEReports.com, noting that two of last week's three debt offerings were made outside the U.S. Federal Deposit Insurance Corp's Temporary Loan Guarantee Program.

It said it would use the money raised to pay off bonds maturing in 2009 and reduce its reliance on the commercial-paper market. (Reporting by Scott Malone; Editing by Tim Dobbyn)