General Electric Co. is offering to buy back as much as $23 billion of bonds in one of the largest corporate debt buybacks ever as the industrial giant carries out a plan to slash borrowings.
GE is targeting a series of more than 50 bonds maturing through 2050 in an offer that expires on Dec. 9, the company said in a statement Wednesday. The bonds are denominated in U.S. dollars, euro and pounds sterling with offers of $50, 50 euros or 50 pounds for early participation -- depending on the currency of the bond -- per 1,000 in principal.
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November 10, 2021 at 07:25PM
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GE Kicks Off $23 Billion Bond Tender Offer to Cut Debt Load - Bloomberg
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