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Rating: Aa2/AA+
Amount: Eu1.5bn
Maturity: 17 September 2015
Issue/re-offer price: 99.606
Coupon: 2.875%
Spread at re-offer: 115bp over mid-swaps
Launched: Tuesday 7 September
Payment date: September 17
Joint books: BNP Paribas, Deutsche Bank, HSBC, Santander
Bookrunners' comments:
General Electric is a frequent issuer. It is adept at doing the right deal for the market conditions, picking the right point on the curve, and working with investors. Tuesday was a good day for it to hit the market, and GE is a good proxy for positive investor sentiment about the economy in...