Met Life hops back in to Aussie dollars

By Frank Jackman
19 Nov 2020

Metropolitan Life landed a good price on its return to the Aussie dollar market on Thursday, thanks to tightening spreads and a scarcity of high rated financial paper.

Issuance from double-A rated financial names is rare, said a banker at one of the leads.

The segment is traditionally supplied by the domestic banks, but this has since dried up, thanks to an abundance of liquidity and cheap central bank funding.

The volume of issuance rated double-A ...

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