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
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Dec. 1, 2011
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Goldman Sachs & Co.
|
| Coupon: | Three-month Libor flat
|
| Price: | Par
|
| Yield: | Three-month Libor flat
|
| Call: | Non-callable
|
| Trade date: | Dec. 2
|
| Settlement date: | Dec. 6
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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