Bond General Electric Finance 4% ( US36966R7B62 ) in USD
Issuer | General Electric Finance | ||
Market price | 100 % ⇌ | ||
Country | ![]() |
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ISIN code |
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Interest rate | 4% per year ( payment 2 times a year) | ||
Maturity | 15/07/2017 - Bond has expired | ||
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Minimal amount | 1 000 USD | ||
Total amount | 38 372 000 USD | ||
Cusip | 36966R7B6 | ||
Standard & Poor's ( S&P ) rating | AA- ( High grade - Investment-grade ) | ||
Moody's rating | A1 ( Upper medium grade - Investment-grade ) | ||
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 analysis details the US36966R7B62 bond, also identified by CUSIP 36966R7B6, a fixed-income instrument issued in the United States by General Electric Capital, a former powerhouse financial services arm of General Electric renowned for its significant global footprint in corporate finance, leasing, and commercial lending activities prior to its strategic restructuring and divestiture of most operations; this specific USD-denominated obligation, which carried an annual interest rate of 4% disbursed through semi-annual payments and was observed trading at par (100% of its face value) on the market, represented a total issuance size of $38,372,000 with a minimum investment threshold of $1,000, and successfully reached its maturity on July 15, 2017, leading to its full redemption and the completion of its lifecycle; its strong credit quality was consistently affirmed by ratings of AA- from Standard & Poor's and A1 from Moody's, both indicative of a high-grade investment status at the time. |