GE Aerospace (GE)

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General Electric Corp. (GE) is back in the U.S. debt markets with a two-part deal worth $2.8 billion .
GE has already sold $12.1 billion worth of senior bonds this year, including a $4 billion , three-part deal in January and a $3.1 billion , two-part deal in April, according to Dealogic.
With yields in the Barclays U.S. corporate investment-grade index dropping to a four-decade low of 2.89% last week, the American conglomerate hopes to secure cheap financing while investor demand is heavy.
General Electric Capital Corp. , its financing unit, is selling $2 billion of 10-year bonds at 1.60 percentage points over the comparable Treasury rate, or roughly 3.18%, and $800 million of three-year bonds at 0.80 percentage points over Treasurys, or roughly 1.10%. The three-year notes are an add-on to an existing deal of 1.625% notes due in July 2015 .
When GE sold 10-year bonds earlier this year, it paid a coupon of 4.65%.
The bonds are expected to be rated A1 by Moody's Investors Service and AA-plus by Standard & Poor's Ratings Services .
Net proceeds are for general corporate purposes, according to a term sheet seen by Dow Jones Newswires.
The banks leading the 10-year sale include Barclays PLC , Bank of America Merrill Lynch , Citigroup Inc. and Credit Suisse .
The banks leading the three-year tranche are primarily minority-owned. These include Blaylock Robert Van LLC , CastleOak Securities LP , Lebenthal, Mischler Financial Group , Ramirez & Co. and Williams Capital Group .