MetLife Issues $1 Billion Subordinated Debentures to Bolster Capital

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MetLife, Inc. (MET) has issued $1 billion of 30-year fixed-to-fixed reset rate subordinated debentures due 2056, strengthening its long-term capital structure and diversifying its funding base. This move utilizes existing shelf registration and an indenture with The Bank of New York Mellon Trust Company. Spark, TipRanks’ AI Analyst, rates MET as Neutral, citing concerns about cash-flow deterioration and weaker profitability, while noting a moderate valuation and positive earnings outlook.

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