GE Capital Australia Funding yesterday sold A$500 million of five-year fixed rate notes and A$250 million of five-year floating rate notes at 120 basis points over the three-month swap rate. GE Capital is rated AA+. ASIC says Paul Meier, an Adelaide insurance broker, has offered an enforceable undertaking to permanently refrain from providing financial services or engaging in any credit activity. Meier acknowledged that on 16 occasions, between October 2010 and November 2011, he submitted loan applications to Premium Funding Pty Ltd containing false information. Meier used loan funds received from Premium Funding to meet the business expenses of Barker Meier Insurance Brokers Pty Ltd. Pawn shop operator and payday lender Cash Converters has applied to cancel its listing on the London Stock Exchange. The company, which has operations in Australia and the UK, said it had asked the UK Listing Authority to cancel the admission of its ordinary shares on the LSE. The company remains listed on the Australian Securities Exchange.