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GE issues $8.5bn investment grade bond and buys CitiCapital

Conglomerate General Electric issued a $8.5bn (€5.3bn) bond that is the largest global investment grade issue since 1999 and the sixth largest from a US company.

Banc of America Securities, Goldman Sachs, Lehman Brothers and Morgan Stanley were joint bookrunning managers of the three tranche deal for GE Capital, the conglomerate's financial services arm.

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