Benchmark Debt Offering by GE Capital (NYSE:GE) Could Start Today

GE Capital (NYSE:GE) could start selling debt today in what is being described as a "four-part benchmark offering," according to Bloomberg, who cited a person familiar with the matter.

They said, "GE Capital may issue two-year floating-rate notes that yield 57 basis points more than the London interbank offered rate and three-year floating securities at 85 basis points more than the lending benchmark, said the person.

"The company also may issue 3-year fixed-rate debt that yields 110 basis points more than similar-maturity Treasuries and 10-year debt at a 137.5 basis-point spread, the person said. A benchmark sale is typically at least $500 million."

GE Capital is the financing arm of General Electric, which was trading at $18.30. up $0.02, or 0.11 percent, as of 1:28 PM EST.