General Electric Capital Corp (GECC) $350 million 13-year bond: Goldman Sachs
Part of a trio of deals led by Goldman and SBC Warburg that totalled $1.05 billion. The spread was given a couple of extra basis points to compensate for the unusual maturity. The issue was priced at 33bp, but soon tightened to 30bp. “Everyone wanted to get involved in this deal. It filled a need for longer-dated paper,” commented one syndicate head.
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