GE Capital Canada Establishes $6B MTN Programme

GE Capital Canada Funding Company established a $6 billion medium term note programme in Canada on July 18, 2002. All notes are to be guaranteed by General Electric Capital Corporation. A total of $1.5 billion of notes were actually issued under the programme in three tranches: $750 million of five-year fixed rate notes were issued on July 24, 2002; $300 million of 10-year fixed rate notes were issued on July 24, 2002; and $450 million of two-year floating rate notes were issued on July 26, 2002.

McCarthy T├ętrault LLP acted for GE Capital Canada Funding and General Electric Capital, with a team that included Barry Ryan, David Woollcombe, Ed Kerwin, Shea Small and Martha Hundert, with tax advice from Gabrielle Richards and Jim Morand. The dealers were co-led by RBC Capital Markets Inc. and TD Securities Inc., and also included BMO Nesbitt Burns Inc., CIBC World Markets Inc. and Scotia Capital Inc. The dealers were represented by Jamie Davis, Maurice Swan, Greg Hogan, Jason Wilson and Timothy Hughes (tax) of Stikeman Elliott.

Lawyer(s)

James G. Morand James C. Davis Martha R. Hundert Timothy Hughes Gregory J. Hogan Shea T. Small David E. Woollcombe Barry J. Ryan Maurice J. Swan Gabrielle M.R. Richards