By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 12 – New York Life Global Funding priced $900 million of 0.85% five-year notes at a spread of Treasuries plus 37 basis points on Monday, according to a market source.
The notes priced tighter than guidance in the Treasuries plus high 50 bps area.
BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC were the bookrunners.
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
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| Amount: | $900 million
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| Securities: | Notes
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| Maturity: | Jan. 15, 2026
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| Bookrunners: | BofA Securities Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC
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| Coupon: | 0.85%
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| Spread: | Treasuries plus 37 bps
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| Trade date: | Jan. 11
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| Price guidance: | Treasuries plus high 50 bps area
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