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The swap was created to insure $1.31 billion in highly rated notes that reflected performance of subprime mortgages in a collateralized debt obligation underwritten by UBS.
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* Wells Fargo & Co. is offering $100 million of A-1/AA- rated 8percentt notes due 1993 at 100 through First Boston.
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.
Those regions that don't have a specific ratings authority in place will include a more generic rating, notes Google.
Sallie Mae normally issues floating-rate notes monthly.
Public Services Electric & Gas, $300 million of floating rate notes due 2002.
GMAC, $1 billion of five-year global floating rate notes.
See Adjustment of Registration Fee Rate notes below.
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.
At the last sale of floating-rate notes the interest rate was also 35 basis points.
Florida Hurricane Catastrophe Fund Finance Corporation, $2 billion of taxable floating rate notes.
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