By Andrea Heisinger
New York, Oct. 22 - New York Life Global Funding tapped the market for $300 million of five-year notes (Aaa/AA+/) sold under Rule 144A and Regulation S on Monday, a source away from the trade said.
The notes were priced at a spread of Treasuries plus 55 basis points. This was wider than talk in the 45 bps to 49 bps range.
Full terms were not available at press time.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and UBS Securities LLC were the bookrunners.
The unit of mutual insurance company New York Life Insurance Co. is based in New York.
Issuer: | New York Life Global Funding
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Issue: | Notes
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Amount: | $300 million
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Maturity: | 2017
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Bookrunners: | Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, UBS Securities LLC
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Spread: | Treasuries plus 55 bps
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Distribution: | Rule 144A, Regulation S
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Trade date: | Oct. 22
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Ratings: | Moody's: Aaa
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| Standard & Poor's: AA+
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Price talk: | Treasuries plus 45 to 49 bps
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