FAB start to the year for US insurers

By Frank Jackman
05 Jan 2021

American insurers Metropolitan Life and Athene Holding had a busy start to the year as they tapped the sterling, euro and dollar markets to issue a quartet of funding agreement backed (FAB) securities.

Metropolitan Life Global Funding (Aa3/AA-/AA-) hit screens on Tuesday morning, as it looked to the sterling market in search of funds.

Barclays, Credit Suisse, Deutsche Bank and HSBC started off the pricing for the December 2027 benchmark deal with initial thoughts in the 80bp ...

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