Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 1 (23 lettori)

[riccio43]

Ragazzi questa GE Cap XS0491212451 UT2 4.625 NC16 YTC 8.3% @ 83.525 mi sembra un affare. Mi sa che vendo la Intesa506 (denaro a 105 e prendo questa). O magari vendo la Groupama 751.

sella mi dice solo investitori professionali
scadenza 15 9 66 call 15 9 16 opoi 3 + 1,60

 

[Mais78]

Ragazzi questa GE Cap XS0491212451 UT2 4.625 NC16 YTC 8.3% @ 83.525 mi sembra un affare. Mi sa che vendo la Intesa506 (denaro a 105 e prendo questa). O magari vendo la Groupama 751.

Intesa506 den 105.25 ora, bene cosi'...

 

[Mais78]

sella mi dice solo investitori professionali
scadenza 15 9 66 call 15 9 16 opoi 3 + 1,60

si compra si compra...basta registarrsi come qualificati

 

[Mais78]

Qualcuno riesce a trovare il prospetto? Oppure sa perche' e' stata fatta l'exchange offer con quella simile emessa qualche anno prima?
Avevo chiesto piu' volte in pubblico e in privato a stordits (che aveva segnalato la 5.5%) ma non mi ha mai risposto, si vede che gli sto sulle balle..

Ecco annuncio scambio. Prospetto in arrivo.


General Elec CapCorp 37AV Annoucement of Voluntary Exchange Offer
2010-02-02 13:45:08.93 GMT

General Elec CapCorp (37AV) - Annoucement of Voluntary Exchange Offer

RNS Number : 5478G
General Electric Capital Corp
02 February 2010


[FONT=&quot][/FONT]



Announcement of Voluntary Exchange Offer

General Electric Capital Corporation

2 February 2010

The information contained herein is not for publication in certain other jurisdictions as specified in the Exchange Offer Prospectus dated 2 February 2010 (the "Exchange Offer Prospectus"). The material set forth herein is for informational purposes only and is not intended and should not be construed, as an offer of securities for sale in any jurisdiction. Distribution of this announcement is subject to restrictions in certain jurisdictions (see below).
Terms used but not otherwise defined in this announcement have the meaning set forth in the Exchange Offer Prospectus.

GENERAL ELECTRIC CAPITAL CORPORATION

2 February 2010

London

Announcement of Voluntary Exchange Offer

General Electric Capital Corporation (the "Company") announced today the commencement of an offer (the "Offer") to exchange its 5.500% Fixed to
Floating Rate EUR Subordinated Debentures due 2067 (the "EUR 2067
Debentures"), 6.500% Fixed to Floating Rate GBP Subordinated Debentures due
2067 (the "GBP 2067 Debentures"), 4.625% Fixed to Floating Rate EU
Subordinated Debentures due 2066 (the "EUR 2066 Debentures") and 5.500% Fixed to Floating Rate GBP Subordinated Debentures due 2066 (the "GBP 2066 Debentures", and together with the EUR 2067 Debentures, the GBP 2067 Debentures and the EUR 2066 Debentures, the "Debentures") for, respectively, a corresponding amount of the EUR 2067 Trust Securities of GE Capital Trust II, GBP 2067 Trust Securities of GE Capital Trust III, EUR 2066 Trust Securities of GE Capital Trust IV and GBP 2066 Trust Securities of GE Capital Trust V (collectively, the "Trust Securities"). GE Capital Trust II, GE Capital Trust III, GE Capital Trust IV and GE Capital Trust V are collectively referred to as the "Trusts".

The Company hereby announces that the Trusts have issued an invitation to holders of the Debentures (the "Holders") to exchange any or all of a series of Debentures for the corresponding amount of the related series of Trust
Securities plus an amount of cash as described below. The EUR Trust
Securities will be issued in denominations of €50,000 and integral multiples of €1,000 in excess thereof and the GBP Trust Securities will be issued in denominations of £50,000 and integral multiples of £1,000 in excess thereof.

ISIN

(Rule 144A Consideration Consideration
Debentures/ Including Early Excluding
Regulation S Participation Early
Debentures) Payment* Participation
Existing Maturity Payment Amount to
Debentures Date of the be
Debentures Accepted
EUR 2067 XS0319639745/ September One EUR 2067 One EUR 2067 Any and
Debentures XS0319639232 15, 2067 Trust Security Trust all of the
plus an amount Security plus Debentures
of cash equal to an amount of
€10.00 per cash equal to
€1,000.00 €5.00 per
principal amount €1,000.00
of tendered EUR principal
2067 Debentures amount of
tendered EUR
2067
Debentures
GBP 2067 XS0319641725/ September One GBP 2067 One GBP 2067 Any and
Debentures XS0319640834 15, 2067 Trust Security Trust all of the
plus an amount Security plus Debentures
of cash equal to an amount of
£10.00 per cash equal to
£1,000.00 £5.00 per
principal amount £1,000.00
of tendered GBP principal
2067 Debentures amount of
tendered GBP
2067
Debentures
EUR 2066 XS0267167053/ September One EUR 2066 One EUR 2066 Any and
Debentures XS0267166246 15, 2066 Trust Security Trust all of the
plus an amount Security plus Debentures
of cash equal to an amount of
€10.00 per cash equal to
€1,000.00 €5.00 per
principal amount €1,000.00
of tendered EUR principal
2066 Debentures amount of
tendered EUR
2066
Debentures
GBP 2066 XS0267168291/ September One GBP 2066 One GBP 2066 Any and
Debentures XS0267167566 15, 2066 Trust Security Trust all of the
plus an amount Security plus Debentures
of cash equal to an amount of
£10.00 per cash equal to
£1,000.00 £5.00 per
principal amount £1,000.00
of tendered GBP principal
2066 Debentures amount of
tendered GBP
2066
Debentures

______

* Holder will receive the early participation payment of €5 per €1,000 principal amount of tendered EUR Debentures and £5 per £1,000 principal amount of tendered GBP Debentures only if the Holder validly submits exchange instructions on or prior to the Early Participation Date (as defined below).
Potential participants should be aware that deadlines set by any intermediary or clearing system will be earlier than the relevant dates set forth under "Offer Timetable" below. Holders validly submitting exchange instructions after the early participation date and on or prior to the Expiration of Offer (as defined below) will not be entitled to any Early Participation Payment.

The distribution rate, distribution payment dates, distribution deferral features and other payment dates for each series of Trust Securities will correspond to the interest rate, interest payment dates, interest deferral features and other payment dates for the related series of Debentures, and the redemption of the Trust Securities will correspond to the redemption or maturity of the corresponding series of Debentures.

Detailed terms and conditions of the Offer (including information on how to
participate) are fully described in the Exchange Offer Prospectus which is available to eligible Holders of the Debentures upon request to Lucid Issuer Services Limited, as exchange and information agent (the "Exchange and Information Agent") whose contact details are found at the end of this announcement. The Offer is made upon the terms and subject to the conditions set forth in the Exchange Offer Prospectus. The Company retains the right to waive such conditions or to amend, cancel, modify or withdraw the Offer at any time.

Offer Timetable: The timetable for the Offer will be as follows (all dates and times are subject to amendment and extension):

Date Time (London) Event
2 February 2010 Business hours Commencement of Offer Period
16 February 2010 5:00 p.m. GMT Early Participation Date -- Last date and
time to tender in order to receive Early
Participation Payment
2 March 2010 11:59 p.m. GMT Expiration of Offer
3 March 2010 Business hours Announcement of Results of the Offer
5 March 2010 Business hours Expected Settlement Date of the Offer



The Offer is subject to certain offer restrictions and accordingly investors should review the information contained in the Exchange Offer Prospectus to
determine whether they are eligible to participate in the Offer. The
distribution of this announcement in certain jurisdictions is restricted by the laws as set forth in the Exchange Offer Prospectus.

For copies of the Exchange Offer Prospectus please contact the Exchange and Information Agent. For further information about the Offer please contact the Dealer Managers or the Exchange and Information Agent at the following
addresses:

Lead Dealer Manager:

J.P. Morgan Securities Ltd.

125 London Wall

London EC2Y 5AJ

Attention: Sebastien Bamsey

e-mail: [email protected]

Tel: +44 20 7777 1333

or

Attention: Ryan O'Grady

e-mail: [email protected]

Tel: +44 20 7779 2468



Dealer Managers:

Barclays Bank PLC

5 The North Colonnade

London E14 4BB

Attention: European Liability Management

e-mail: [email protected]

Tel: +44 20 7773 8990



Deutsche Bank AG, London Branch

Winchester House

1 Great Winchester Street

London EC2N 2DB

Attention: Liability Management Group

e-mail: [email protected]

Tel: +44 20 7545 8011



Goldman Sachs International

European Fixed Income Syndicate

Peterborough Court

133 Fleet Street

London EC4A 2BB

Tel: +44 20 7552 9912



Exchange and Information Agent:

Lucid Issuer Services Limited

Leroy House

436 Essex Road

London N1 3QP

Attention: Sunjeeve Patel/Lee Pellicci

e-mail: [email protected]

Tel: +44 20 7704 0880

 

[samantaao]

Qualcuno riesce a trovare il prospetto? Oppure sa perche' e' stata fatta l'exchange offer con quella simile emessa qualche anno prima?
Avevo chiesto piu' volte in pubblico e in privato a stordits (che aveva segnalato la 5.5%) ma non mi ha mai risposto, si vede che gli sto sulle balle..

ho provato anch'io ma nulla
della XS0319639232 abbiamo già il prospetto
x il concambio forse confrontando i prospetti si spiega il rendimento maggiore
chi lo trovasse, lo postasse

sapete se questa nuova è taglio 50k?

 

[Vet]

Io non liquido una mazza, avanti savoia!

EFFETTIVAMENTE.......liquidare ora roba che rende il 7/8%...ad 80 ...che fra un po varra 100.....

 

[Mais78]

ho provato anch'io ma nulla
della XS0319639232 abbiamo già il prospetto
x il concambio forse confrontando i prospetti si spiega il rendimento maggiore
chi lo trovasse, lo postasse

sapete se questa nuova è taglio 50k?

ecco qua, caso ha voluto che conoscessi uno dei contatti nell annuncio di exchange offer che mi ha girato gentilmente il tutto

 

[Mais78]

ecco qua, caso ha voluto che conoscessi uno dei contatti nell annuncio di exchange offer che mi ha girato gentilmente il tutto

e il book. HSBC ha la macchinetta su questo, vedo che aggiorna prezzo ogni x secondi in automatico

 

[Mais78]

ho provato anch'io ma nulla
della XS0319639232 abbiamo già il prospetto
x il concambio forse confrontando i prospetti si spiega il rendimento maggiore
chi lo trovasse, lo postasse

sapete se questa nuova è taglio 50k?

come sospettavo non hanno cambiato niente, solo involucro

Rating Action: Moody's assigns Aa3 rating to GECC's Trust Securities
Global Credit Research - 03 Feb 2010
New York, February 03, 2010 -- Moody's Investors Service has assigned an Aa3 rating to the new Trust Securities of Trusts established by
General Electric Capital Corporation (GECC, rated Aa2 senior unsecured). The rating outlook for the Trust Securities is stable.
The Trust Securities, issued by five GECC trusts (GE Capital Trust I, II, III, IV and V, respectively), are being offered in exchange for certain
existing GECC junior subordinated debentures (Debentures). The Trusts will hold the exchanged Debentures as their primary asset.
The Aa3 rating assigned to the Trust Securities reflects GECC's guarantee, on a subordinated basis, that the Trusts will make timely payment of
accumulated distributions and redemption amounts to holders of the Trust Securities, to the extent that GECC has made these payments to the
Trusts pursuant to the Debentures. The Aa3 rating assigned to the Debentures is not affected by the transaction.
Key terms of the new Trust Securities, such as call provisions, maturity, rate, optional payment deferral (cumulative), and events of default mirror
the terms of the Debentures. Moody's notes that holders of the Trust Securities will have no voting rights and will have limited rights with respect
to breach of covenants. However, if an event of default occurs on the Debentures held by the Trust, the Debentures will automatically be
exchanged for the Trust Securities, enabling former holders of the Trust Securities to exercise any rights and remedies available to them as
holders of the Debentures.
In connection with the exchange offer, GECC will amend the terms of the Debentures to provide that any redemptions made prior to the maturity
date will be subject to the approval of any applicable regulatory authority. In Moody's view, this amendment has no effect on the rating.
In its last rating action on October 16, 2009, Moody's affirmed the Aa2 senior unsecured ratings and stable outlook of GECC and its parent, GE.
The principal methodology used in rating GECC is Analyzing the Credit Risks of Finance Companies, which can be found at Moody's - credit ratings, research, tools and analysis for the global capital markets
in the Rating Methodologies sub-directory under the Research & Ratings tab. Other methodologies and factors that may have been considered
in the process of rating these issuers can also be found in Rating Methodologies sub-directory.
General Electric Capital Corporation, based in Stamford, Connecticut, operates businesses in the global commercial and consumer finance
sectors. It is wholly owned by General Electric Company, headquartered in Fairfield, Connecticut, one of the largest diversified companies in the
world.

 

[no perpetual no party]

Postbank DE000A0DEN75

buon Natale!