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GE to sell US restaurant franchise loan portfolioGeneral Electric said it would sell a bulk of GE Capital's US restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden. More… |
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Mubadala GE Capital plans bond issueMubadala GE Capital, the commercial financing joint venture between Abu Dhabi's Mubadala and US firm GE, is considering raising funds through bond markets, market sources told IFR. The company, a 50/50 partnership between the More… |
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GE Capital plans second Islamic bondGE Capital, a unit of General Electric Company, plans to issue its second Islamic bond in late 2010 or in 2011, a senior executive said on Sunday. Aris Kekedjian, chief executive of GE Capital Middle East and Africa, said the Islamic bond, More… |
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GE sees flat 2010, to invest in core businessesGeneral Electric expects to record flat profit across its big industrial units next year, as a sluggish global economy crimps sales for jet engines, electric turbines and other heavy equipment. The largest US conglomerate believes that the More… |
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GE Capital lists $500m sukuk on Nasdaq DubaiGE Capital, the finance arm of General Electric, has listed a recently completed $500 million sukuk (Islamic bond) on Nasdaq Dubai. The sukuk was the first to be issued by a major US company and was sold to investors across the Middle East More… |
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GE Capital completes first sukuk offering of $500mGE Capital, the finance arm of General Electric, has completed its inaugural sukuk offering of $500 million, tailored for investors across the Middle East, Asia and Europe. The five-year sukuk had strong demand and makes GE Capital the fir More… |
