New York Life pitches extremely rare US insurance FRN
![A logo sign outside of a facility occupied by the New York Life Insurance Company in Austin, Texas on January 28, 2017.](https://assets.euromoneydigital.com/dims4/default/69c05f2/2147483647/strip/true/crop/4000x2667+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fab%2Fa3%2F89b640544475a9dac962b1eb2412%2Fhncfmn.jpg)
◆ Tightly priced debut deal rides on dual demand for insurance senior and FRN paper ◆ Arb chasing ◆ Has the spread floor been reached for highly rated FRNs?
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