MetLife launches debut Kangaroo in market's first FI deal since July 2011

In what will be its debut issue in the Kangaroo market, Metropolitan Life Insurance Company (MetLife) (AA-/Aa3/AA-) launched a new five-year transaction on September 18. According to KangaNews data, the deal will be the first non-bank financial institution (FI) Kangaroo since Swiss Re placed a hybrid issue in April 2007.