MetLife breaks new ground for negative yielding FIG issuance

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By Tyler Davies
16 Sep 2019

MetLife became the first financial institution to launch a new senior bond in euros at a negative yield on Monday, raising €500m at the short end of the maturity curve.

FIG bankers had said that it was only a matter of time before an issuer managed to price a senior transaction with a negative yield, following numerous examples in the covered bond and corporate bond markets.

But many financial institutions had nonetheless been avoiding going through 0% in ...

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