Bond MetLife Global Capital I 0.661% ( US59217HCR66 ) in USD

Issuer MetLife Global Capital I
Market price 100 %  ▼ 
Country  United States
ISIN code  US59217HCR66 ( in USD )
Interest rate 0.661% per year ( payment 2 times a year)
Maturity 12/01/2023 - Bond has expired



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Minimal amount 150 000 USD
Total amount 1 000 000 000 USD
Cusip 59217HCR6
Standard & Poor's ( S&P ) rating AA- ( High grade - Investment-grade )
Moody's rating Aa3 ( High grade - Investment-grade )
Detailed description MetLife Global Funding I is a captive insurance company wholly owned by MetLife, Inc., domiciled in Bermuda and primarily used for the internal reinsurance of certain life insurance risks within the MetLife group.

An informative analysis highlights the characteristics of a specific bond, identified by ISIN US59217HCR66 and CUSIP 59217HCR6, which was issued in the United States by MetLife Global Funding I, a dedicated funding vehicle for MetLife, Inc., a leading global provider of insurance, annuities, and employee benefit programs; this USD-denominated obligation, carrying an interest rate of 0.661% and originally representing a total issuance size of $1,000,000,000 with a minimum purchase requirement of $150,000, featured semi-annual interest payments; notably, the bond, which traded at 100% of its par value, successfully reached its maturity on January 12, 2023, and has since been fully repaid, reflecting its strong credit profile as evidenced by its AA- rating from Standard & Poor's and Aa3 rating from Moody's.