GE Capital, a unit of General Electric Co., has received approval from the Federal Deposit Insurance Corp. (FDIC) to exit the Temporary Liquidity Guarantee Program (TLGP), the firm said yesterday.

As a result, GE said it will no longer issue government-guaranteed commercial paper with maturities of up to 271 days, and will now be able to issue non-guaranteed, long-term debt with maturities of 18 months to three years.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.