A subsidiary of MetLife has raised $1.5 billion in a three-part sale of notes, Reuters reports. The floating coupon rate bonds worth $500 million will be due Jan. 10, 2014 and the notes worth $500 million, which carry a coupon rate of 2%, will mature on Jan. 10, 2014. The securities worth $500 million, which carry a coupon rate of 3.12%, will mature on Jan. 11, 2016. Metropolitan Life Global Funding I will use the proceeds for the repayment of outstanding debt securities and for general corporate purposes, adds The Wall Street Journal. The joint book-running managers were Bank of America Merrill Lynch, Deutsche Bank, JP Morgan and UBS.
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