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GE: reopens prior debt offering for 3 billion dollars

( - GE said that it has reopened portions of a prior debt offering for 3 billion dollars in response to a reverse inquiry from a long-term strategic investor.

The industrial group said it expects to use the proceeds to reduce short-term debt, including repaying a portion of GE's intercompany debt obligations to GE Capital and reducing GE Capital's outstanding debt.

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