By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., Aug. 19 – Metropolitan Life Global Funding I sold $1.25 billion of notes in two tranches (Aa3/AA-) on Thursday, according to a market source.
The $750 million 4.05% three-year notes priced with a spread of 83 basis points over Treasuries.
The $500 million 4.3% seven-year notes priced with a spread of 135 bps over Treasuries.
The issuer is a financing arm of New York City-based insurance and employee benefits company MetLife Inc.
| Issuer: | Metropolitan Life Global Funding I
|
| Amount: | $1.25 billion
|
| Issue: | Notes
|
| Pricing date: | Aug. 18
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
|
|
| Three-year notes
|
| Amount: | $750 million
|
| Tenor: | Three years
|
| Coupon: | 4.05%
|
| Spread: | 83 bps over Treasuries
|
|
|
| Seven-year notes
|
| Amount: | $500 million
|
| Tenor: | Seven years
|
| Coupon: | 4.3%
|
| Spread: | 135 bps over Treasuries
|
|
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