By Andrea Heisinger
New York, July 11 - MetLife Global Funding I sold an upsized $300 million of three-year floating-rate notes (Aa3/AA-/AA-) at par on Thursday to yield Libor plus 53 basis points, a source close to the sale said.
The size was increased from $250 million.
Pricing was done under Rule 144A and Regulation S.
Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. were the bookrunners.
The unit of insurance and employee benefits company MetLife, Inc. is based in New York City.
| Issuer: | MetLife Global Funding I
|
| Issue: | Floating-rate notes
|
| Amount: | $300 million, upsized from $250 million
|
| Maturity: | 2016
|
| Bookrunners: | Deutsche Bank Securities Inc., HSBC Securities (USA) Inc.
|
| Coupon: | Libor plus 53 bps
|
| Price: | Par
|
| Yield: | Libor plus 53 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | July 11
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
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