First US corporate issuer of Sukuk (Islamic Bonds) listed on Bursa Malaysia which further strengthens and deepens Malaysian Sukuk Market
Kuala Lumpur-- December 1, 2009 --- GE Capital, the finance arm of General Electric (NYSE: GE) announced the listing of its inaugural "sukuk" issuance on Bursa Malaysia, further opening up the Malaysian sukuk market. The five-year, $500 million US$ denominated sukuk completed on November 27, 2009 had strong demand and makes GE Capital the first US corporate sukuk issuer to be listed on Bursa Malaysia under the exempt regime.
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NORWALK, Conn.--Wednesday, November 25, 2009-- GE Capital, Corporate Retail Finance today announced it was a co-lender for a $500 million asset-based credit facility to Saks, Inc., a department store retailer. The loan will be used for working capital needs and general corporate purposes. GE Capital Markets served as joint lead arranger.
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Mississauga, ON, November 23, 2009 -- Forest River Inc. announced that GE Capital Commercial Distribution Finance Canada has been selected as the exclusive wholesale lender for Forest River's 90-day interest reimbursement program in Canada.
This program will allow Canadian dealers to be reimbursed by Forest River for interest charges on new inventory financed through GE Capital. All Forest River products invoiced on or after Oct. 1 and retail sold within 90 days are eligible under the program, according to a news release.