Yankees lead FIG flood, Metlife smashes record

By Graham Bippart
10 Apr 2014

Six bank and finance names raised $14.5bn in the space of three days, boasting bulging order books and minimal new issue concessions as investors scrambled for extra yield.

Domestic issuer Metlife printed the largest insurance dollar debt deal on record with a $4.75bn offering split between its holding company and its subsidiary Metropolitan Life Global Funding I.   

Metlife, rated A3/A-, printed a $1bn SEC registered 10 year offering at 90bp over Treasuries on Monday. ...

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