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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (4748)	1/8/2009 8:16:31 PM
From: RockyBalboa	Respond to of 6370

They would probably have paid less for a short term note. I approached at the 5% when I looked at their recent interest expense and quarter-end debt figures. The sheer size of GE debt baffles me. Every percent up cost them 6B a year and there is only 25B EBitda left after current interest expenses (at current profit levels). I looked up various GE bonds which are rated AAA and they trade at 5-6% yields, haven´t checked the long maturities. A 400 spread is costing them a lot more money.