MetLife prices debut Kangaroo in market's first FI deal since July 2011 [UPDATED]
- Wednesday, 19 September 2012
In its debut issue in the Kangaroo market, Metropolitan Life Insurance Company (MetLife) (AA-/Aa3/AA-) priced a new A$500 million (US$523.4 million) five-year transaction on September 19. According to KangaNews data, the deal, launched on September 18, is the first non-bank financial institution (FI) Kangaroo since Swiss Re placed a hybrid issue in April 2007.
