By Cristal Cody
Tupelo, Miss., Sept. 24 – New York Life Global Funding priced $800 million of FA-backed floating-rate notes due Oct. 1, 2020 (Aaa/AA+/AAA) at Libor plus 16 basis points on Monday, according to a market source.
The notes were initially talked to price in the Libor plus low 20 bps area.
BofA Merrill Lynch, J.P. Morgan Securities LLC and Mizuho Securities USA LLC were the lead managers.
New York Life Global is a unit of New York-based mutual insurance company New York Life Insurance Co.
| Issuer: | New York Life Global Funding
|
| Amount: | $800 million
|
| Description: | FA-backed floating-rate notes
|
| Maturity: | Oct. 1, 2020
|
| Bookrunners: | BofA Merrill Lynch, J.P. Morgan Securities LLC and Mizuho Securities USA LLC
|
| Coupon: | Libor plus 16 bps
|
| Trade date: | Sept. 24
|
| Ratings: | Moody’s: Aaa
|
| S&P: AA+
|
| Fitch: AAA
|
| Price guidance: | Libor plus low 20 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
