Three currencies not a crowd for MetLife

By Nathan Collins
11 Sep 2014

Metropolitan Life hit screens with a trio of senior unsecured deals on Wednesday morning, looking to print in euros, Australian dollars and Swiss francs. Strong appetite for insurance company paper helped assure it of a warm reception for its euro and Aussie deals, with the francs yet to conclude.

“There’s clearly demand for insurance names,” said a syndicate banker away from the deal. “Last week’s Swiss Re deal went very well, and the Zurich, Hannover and Sampo prints this week have all been very popular. It shows there’s a clear bid for insurance.”

Barclays, Deutsche Bank, Credit ...

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