MetLife Global offers three-year FA-backed fixed-rate notes, floaters

By Cristal Cody

Chicago, Sept. 21 – MetLife Global Funding is planning to sell a two-part offering of notes backed by funding agreements, a market source reported.

The issuer is planning a tranche of floating-rate notes based on SOFR and a fixed-rate series with talk for a spread in the high 40s basis points area over Treasuries.

Both series will mature Sept. 27, 2024.

Barclays, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and TD Securities (USA) LLC are the bookrunners.

The issuer is a financing arm of New York City-based insurance and employee benefits company MetLife Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.