Bond General Electric Finance 1.2% ( US36962G5U48 ) in USD
Issuer | General Electric Finance |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 1.2% per year ( payment 2 times a year) |
Maturity | 13/04/2015 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 100 000 000 USD |
Cusip | 36962G5U4 |
Standard & Poor's ( S&P ) rating | NR |
Moody's rating | NR |
Detailed description |
General Electric Capital was the financial services division of General Electric, offering a range of commercial lending, leasing, and insurance products before its restructuring and eventual divestiture. This financial instrument, identified by ISIN US36962G5U48 and CUSIP 36962G5U4, represents a fixed-income obligation issued in the United States by General Electric Capital, the former sprawling financial services arm of General Electric, which historically played a significant role in global commercial lending, leasing, and consumer finance before undergoing a strategic divestiture of most assets to refocus its parent company on industrial operations; this bond, denominated in USD with a 1.2% coupon rate, featured a total issue size of $100,000,000, a minimum purchase requirement of $1,000, and provided interest payments twice annually, successfully maturing on April 13, 2015, when it was repaid at its 100% par value, noting that it held a 'Not Rated' (NR) status from both Standard & Poor's (S&P) and Moody's rating agencies. |