MetLife to redeem 3.048% series C component debentures

By Wendy Van Sickle

Columbus, Ohio, June 23 – MetLife, Inc. will redeem all $500 million outstanding shares of its 3.048% series C senior component debentures, tranche 2, according to a press release.

The debentures will be redeemed on July 23 at the present value of all remaining scheduled principal and interest payments through Dec. 15, 2022 discounted at a rate equal to the lesser of the Treasury rate plus 50 basis points and 15%.

The insurance and employee benefits company is based in New York City.

© 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.