On April 9, Metropolitan Life Global Funding I (MetLife) (AA-/Aa3/AA-) priced a new Australian dollar five-year benchmark issue. According to KangaNews data, the forthcoming deal will be the borrower's third-ever Kangaroo transaction. MetLife's most recent Kangaroo issue was a five-year A$375 million (US$348.1 million) deal which priced in October 2013 at 161.5 basis points over Australian government bond.

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