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.
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KangaNews is the trading name of BondNews Limited, a company registered in the UK and Australia. With our head office in Sydney and a satellite office in Europe, we are positioned to provide a one-stop information service on the Australasian fixed-income markets.
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