MetLife Institutional Funding II has raised $1.35 billion in a sale of notes, Reuters reports. The funding unit of MetLife sold the securities in two parts in the 144a private placement market.
The U.S. insurer sold $1 billion of one-year notes and $350 million of debt maturing in March 2012. MetLife appointed Deutsche Bank and UBS as the joint bookrunning managers for the sale.
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