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Exact(15)
GMAC, $1 billion of five-year global floating rate notes.
See Adjustment of Registration Fee Rate notes below.
Florida Hurricane Catastrophe Fund Finance Corporation, $2 billion of taxable floating rate notes.
Public Services Electric & Gas, $300 million of floating rate notes due 2002.
* New financial instruments introduced - including floating rate notes and zero coupon bonds.
The 40percentt pickup in sales this year in floating rate notes is worth noting, though the dynamics here are somewhat different than in the fixed-rate market.
Similar(45)
GE Capital will sell $2 billion of three-year floating-rate notes, $1 billion of five-year fixed-rated notes and $3 billion of 30-year bonds, a GE Capital spokeswoman, Marissa Moretti, said.
Sallie Mae normally issues floating-rate notes monthly.
And International Paper, the world's largest paper and forest products company, sold $800 million in two-year floating-rate notes, $1.2 billion in three-year fixed-rate notes and $1 billion in five-year fixed-rate notes, market sources said.
The investments, which Wall Street peddled as a cash equivalent, are known as auction-rate notes.
At the last sale of floating-rate notes the interest rate was also 35 basis points.
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