MetLife diversifies with Swissie and Maple sevens

06 Jun 2013

MetLife sold its first Swiss franc bond since 2006 on Tuesday, opting for a seven year note. The issuer also tapped the Canadian dollar market on the same day, selling a Maple bond in the same maturity.

Credit Suisse and UBS priced the Sfr150m ($158.1m) 1.125% June 2020 paper at 35bp over mid-swaps, in line with guidance at the 35bp area. The deal was sounded at a range of 30bp-35bp over swaps before books were opened, though a syndicate banker away from the trade said ...

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