New York Life Global Funding, established in 1997 and headquartered in New York, operates as a wholly-owned subsidiary of New York Life Insurance Company, one of the largest mutual life insurers in the U.S. The company’s primary purpose is to raise capital through various funding mechanisms, which support the life insurance and annuity obligations of its parent. It offers a range of products, including medium-term notes and secured funding instruments, appealing to a diverse set of investors seeking stable returns.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
New York Life Global Funding began its bond issuance activities in 1997, enhancing the capital structure of its parent company through a variety of debt instruments. The firm has successfully executed significant offerings, including a noteworthy $1 billion bond issuance in 2021 that served to refinance existing debt while taking advantage of low-interest rates. Currently, yields on their bonds are competitive within the industry, reflecting strong demand for safe, stable investments. Additionally, their bonds often include unique features such as call provisions, making them attractive options for income-focused investors.