New Issue: New York Life Global prices $425 million 18-month floaters at Libor plus 3 bps

By Aleesia Forni

Virginia Beach, April 2 - New York Life Global Funding priced $425 million of floating-rate notes (Aaa/AA+/AAA) at par to yield Libor plus 3 basis points, according to an informed source.

Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. were the joint bookrunners for the Rule 144A and Regulation S deal.

The unit of mutual insurance company New York Life Insurance Co. is based in New York.

Issuer:	New York Life Global Funding
Amount:	$425 million
Description:	Notes
Maturity:	Oct. 5, 2015
Bookrunners:	Deutsche Bank Securities Inc., HSBC Securities (USA) Inc.
Coupon:	Libor plus 3 bps
Price:	Par
Yield:	Libor plus 3 bps
Trade date:	April 1
Settlement date:	April 4
Ratings:	Moody's: Aaa
	Standard & Poor's: AA+
	Fitch: AAA
Distribution:	Rule 144A, Regulation S

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