MetLife to redeem $1 billion 4.368% series D debentures on Feb. 10

By Wendy Van Sickle

Columbus, Ohio, Jan. 11 – MetLife, Inc. will redeem all $1 billion outstanding shares of its 4.368% series D senior debentures, according to a press release.

The debentures will be redeemed on Feb. 10 at the present value of all remaining scheduled principal and interest payments through Sept. 15, 2023 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.

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