MetLife breaks ground with $1 billion bond based on LIBOR heir.
By Alexandra Harris, Paul Cohen & Rizal Tupaz|August 30, 2018 at 05:27 PM
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MetLife Inc. is giving a boost to the new dollar funding benchmark that’s been designed to replace LIBOR, with the U.S. insurer selling a $1 billion bond tied to the secured overnight financing rate (SOFR).