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Finance & Accounting
Pages 3 (753 words)
General Electric Bonds of General Electric General Electric Company's finance arm sold $6 billion of debt which is considered to be the largest offering in the last year. The company has planned to issue $25 billion to $30 billion of long-term bonds. The company's $62 billion of debt is falling due in 2011 and further $81 billion is going to be matured in 2012.
Bond Rating GE lost its AAA rating during the financial crisis in 2008. But good quarterly results have brought back the preference for GE bonds. The company currently enjoys long term rating of Aa2 for its bonds as declared by Moody's recently (Moody's 2011). GE Bonds Compared with Siemens and ABB When compared with similar companies such as Siemens and ABB in the similar industrial group companies, GE bonds offer slightly higher returns to the investors though the difference is nominal. (Klee, 2011) General Electric Co. In order to explore the long term prospects of the company, it will be worthwhile to know a bit about its past history, its products and businesses, its past performance, its operations worldwide and its financials. GE is a diversified company having its interests in aircraft engines, business and consumer financing, power generation, industrial products. The company was established by legendary Thomas Edison, a scientist par excellence with hundreds of patents in his fold. The company ever since its inception displayed a true entrepreneurial spirit and spearheaded multidimensional growth and development in several fields. The company has a long heritage of research and innovation in various fields. ...
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