GE Capital sells $2 billion in 5-year notes

11/4/2010 | Wall Street Journal, The · Wall Street Journal, The

GE Capital has sold $2 billion in bonds, a source said. The 2.25% five-year notes were priced at a discount to yield 2.266%. Proceeds will be used for general corporate purposes. Lured by the promise of low interest rates and a chance to sell cheap debt, Coca-Cola, Dow Chemical and Oglethorpe Power also went to the bond market.

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Wall Street Journal, The · Wall Street Journal, The