By Andrea Heisinger
New York, Dec. 2 - New York Life Global Funding priced $500 million of one-year floating-rate notes on Thursday at par to yield three-month Libor flat, a market source away from the sale said.
The notes (Aaa/AAA/AAA) are non-callable.
Credit Suisse Securities (USA) LLC and Goldman Sachs & Co. were the bookrunners.
The funding arm of the insurance company is based in New York City.
Issuer: | New York Life Global Funding
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Issue: | Floating-rate notes
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Amount: | $500 million
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Maturity: | Dec. 1, 2011
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Bookrunners: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co.
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Coupon: | Three-month Libor flat
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Price: | Par
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Yield: | Three-month Libor flat
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Call: | Non-callable
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Trade date: | Dec. 2
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Settlement date: | Dec. 6
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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| Fitch: AAA
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