SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 21, 1998
FGIC SECURITIES PURCHASE, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-19564 13-3633082
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
115 Broadway, New York, New York 10006
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code: (212) 312-3000
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Item 5. Other Events
An exhibit is filed herewith in connection with the Registration
Statement on Form S-3 (File No. 33-84062) filed by FGIC Securities Purchase,
Inc. ("FGIC-SPI") with the Securities and Exchange Commission covering
Liquidity Facility Obligations in the principal amount of $1,000,000,000 plus
interest.
The exhibit consists of the consent of KPMG Peat Marwick LLP relating
to (i) the incorporation by reference of their report dated February 13, 1998
relating to the financial statements and schedules of General Electric Capital
Corporation ("GE Capital") and consolidated affiliates as of December 31, 1997
and 1996 and for each of the years in the three-year period ended December 31,
1997, appearing in GE Capital's Annual Report on Form 10-K for the year ended
December 31, 1997; and (ii) the reference to them under Experts in the
Prospectus Supplement dated December 21, 1998 relating to the Liquidity
Facility of FGIC Securities Purchase, Inc. in support of $198,895,000 aggregate
principal amount of Multi-Modal Subordinated General Revenue Refunding Bonds
1998 Series D to be issued by Massachusetts Water Resources Authority.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
EXHIBITS
Item 601 of
Regulation S-K
Exhibit Reference
Number
(23) Consents of experts and counsel:
(t) Consent of KPMG Peat Marwick LLP
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereto duly authorized.
FGIC SECURITIES PURCHASE, INC.
(Registrant)
By: /s/ Steven Natko
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Name: Steven Natko
Title: Vice President
Dated: December 21, 1998
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FGIC SECURITIES PURCHASE, INC.
EXHIBITS TO CURRENT REPORT ON
FORM 8-K DATED DECEMBER 21, 1998
Commission File Number 0-19564
<PAGE>
Exhibit Index
Exhibit No. Description Page
(23) Consents of experts and counsel: 6
(t) Consent of KPMG Peat Marwick LLP
Exhibit (23)(t)
To the Board of Directors
General Electric Capital Corporation
We consent to incorporation by reference in the Prospectus Supplement
for FGIC Securities Purchase, Inc. relating to the $198,895,000 principal
amount plus interest Liquidity Facility in support of Massachusetts Water
Resources Authority, Multi-Modal Subordinated General Revenue Refunding Bonds
1998 Series D (the " Prospectus Supplement") of our report dated February 13,
1998 relating to the statement of financial position of General Electric
Capital Corporation and consolidated affiliates as of December 31, 1997 and
1996 and the related statements of current and retained earnings and cash flows
for each of the years in the three-year period ended December 31, 1997, and
related schedule which report appears in the December 31, 1997 Annual Report on
Form 10-K of General Electric Capital Corporation.
We also consent to the reference to our firm under the heading
"Experts" in the Prospectus Supplement.
/s/ KPMG Peat Marwick LLP
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KPMG Peat Marwick LLP
Stamford, Connecticut
December 21, 1998
