October 8, 2009
GE Capital’s Mexican unit has sold MXP2bn in floating-rate notes on the dom
GE Capital’s Mexican unit has sold MXP2bn in floating-rate notes on the domestic market, apparently its first long-term bond in Mexico. The 2012 notes pay TIIE plus 110bp. Proceeds will be used to make new loans. Banamex managed the sale, rated AAA on a national scale. The issuer has been placing commercial paper in Mexico for 2 years and GE Capital issued a 2014 MXP700m Europeso bond in 2005.