GE reaches over 60% of 2009 long-term debt goal

GE successfully completed its third bond offering last week, raising $1billion in GBP (British pounds). We have now raised over $29 billion USD towards our 2009 goal of $45 billion USD, or over 60%. There has been strong demand for GE’s debt, with all three offerings oversubscribed last week. Two of these three deals were offered outside of the U.S. Federal Deposit Insurance Guarantee’s Temporary Loan Guarantee Program (TLGP). We will use these proceeds to meet our 2009 maturities and reduce our commercial paper balance.