Workflow
MetLife Announces Full Redemption of 5.375% Senior Notes Due 2024
MetLifeMetLife(US:MET) Businesswire·2024-03-12 10:45

Core Viewpoint - MetLife, Inc. will redeem all outstanding 5.375% Senior Notes due December 9, 2024, with a total principal amount of £350 million on April 11, 2024 [1] Group 1: Redemption Details - The redemption price will be determined based on the yield of the outstanding principal amount of the Notes on March 11, 2024, compared to the yield on the 5% U.K. government Treasury Stock due March 7, 2025 [1] - Accrued and unpaid interest will be included in the redemption price, and interest will cease to accrue after the Redemption Date [1] Group 2: Payment Procedures - The Notes are held through Clearstream Banking, S.A. and Euroclear Bank SA/NV, with payments made through The Bank of New York Mellon as the London Paying Agent [2] Group 3: Company Overview - MetLife, Inc. is a leading financial services company providing insurance, annuities, employee benefits, and asset management, operating in over 40 markets globally [3] - The company was founded in 1868 and holds leading positions in various regions including the United States, Japan, Latin America, Asia, Europe, and the Middle East [3]