Metropolitan Life Global Funding I (MET)

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Metropolitan Life Global Funding I (MET)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	MET	Metropolitan Life Global Funding I	£400		1	USOA	Aug 19, 2025

Tranche #1Metropolitan Life Global Funding I

currency

GBP

size (m)

400.000

maturity

Aug 27, 2031

type

Fixed

tenor

6.000

call

registration

Reg S Only

benchmark

ranking

FA-Backed

moody's

Aa3

s&p

AA-

fitch

AA-

size description

re-open/tap

ipt

G+85-90

ipt-pxd

guidance

n/a - straight to launch

spread

coupon

4.75%

spread set

price

99.46400

yield

4.854%

book size (m)

900

peak book (m)

x-covered

2.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

900

peak book (m)

x-covered

2.25

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

Book size: 900; Registration: Reg S Only; Comments: GBP400m 6yr cpn 4.75% at 99.464, yld 4.854%. Spread: UKT+73bps. UKT 0.250% due 31 July 2031, HR 111% (mid 79.755, bid 79.725);

Use of Proceeds

To purchase relevant Funding Agreements from Metropolitan Life Insurance Co

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CFR CREDIT CLOSE: Largest Dog Days Wk 1; Aug $100bn Within Reach	Aug 19, 2025

Aug 19, 2025

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