MetLife's leads highlight strong domestic demand for FA-backed deal
- Friday, 21 September 2012
Lead managers on the debut Kangaroo transaction issued by Metropolitan Life Global Funding (MetLife Funding) say the deal attracted strong demand from Australian real-money investors attracted by the credit-enhanced structure of a funding agreement (FA)-backed issue. However, they are hesitant to predict that the deal will trigger a full-scale revival of the Kangaroo market for US financial institutions (FIs).
