Citigroup and Dresdner Kleinwort Wasserstein (DrKW) arranged a benchmark bond for General Electric that was well oversubscribed as investors welcomed the opportunity to buy highly rated, low risk bonds ahead of the year end.

The €750m ($884m) bond was increased from the planned €500m size and priced at the tight end of initial yield guidance of eight basis points to 9bps more than the European inter-bank offered rate (Euribor). It was launched through GE Capital European Funding and guaranteed by General Electric Capital Corp.