GECC to sell FDIC notes in four parts

GE Capital, finance arm of U.S. conglomerate GE plans to sell notes backed by the FDIC in 4 tranches, market sources looking at the deal said on Monday. The offering is expected to include two-year notes priced around 8 to 10 basis points over mid-swaps and three-year notes priced around 20 basis points over mid-swaps. It is also expected to include a two-year floating-rate note issues priced around 8 to 10 basis points over the three-month London interbank offered rate & a 3-year floating-rate note issue priced around 20 basis points over 3-month LIBOR.