MetLife files $15 billion shelf

By Ted A. Knutson

Washington, April 27 - MetLife Inc. filed a nearly $15 billion shelf in an S-3 registration with the Securities and Exchange Commission. Of the shelf, $11 billion is new and $3.87 billion is being re-registered.

The shelf allows the company to issue common and preferred stock, depositary shares, debt securities, purchase contracts, units and convertibles.

The New York-based insurer said proceeds from offerings authorized by the shelf would be used for general corporate purposes and to pay for part of the company's proposed acquisition of Travelers Life & Annuity and certain international insurance businesses from Citigroup Inc.

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