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MetLife Plans Euro, Sterling 10-Year Bond

Date : 01/07/2013 @ 3:29PM
Source : Dow Jones News
Stock : Metlife (MET)
Quote : 51.2  0.65 (1.29%) @ 2:42AM
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MetLife Plans Euro, Sterling 10-Year Bond

Metlife (NYSE:MET)
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   By Serena Ruffoni 
 

Insurance and financial company MetLife Inc. (MET) plans a dual tranche euro- and sterling-denominated 10-year bond, said one of the banks on the deal Monday.

Initial price indications given are in the area of 80 basis points over the midswap rate for the euro tranche, and 110 basis points over the gilt for the sterling tranche.

Barclays, Credit Suisse, Deutsche bank and HSBC are lead managers on the transaction.

Write to Serena Ruffoni at serena.ruffoni@dowjones.com



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