ADVFN - Advanced Financial Network.
HOME» NYSE » M » MET Stock Price » MET Stock News

Metlife Share News

 Metlife Stock Price
MET Stock Price
 Metlife Stock Chart
MET Stock Chart
 Metlife Stock News
MET Stock News
 Metlife Company Information
MET Company Information
 Metlife Stock Trades
MET Stock Trades

Baxter Leads Another Busy Day for U.S. Corporate Bond Issuance

By Mike Cherney Highly rated companies are seeking to borrow at least $2.8 billion on Wednesday, adding to the more than $14 billion in investment-grade bonds sold earlier this week. Leading the day so far is health-care company Baxter International Inc. (BAX), with a two-part $750 million sale, offering 10- and 30-year maturities. The company will use the proceeds for general corporate purposes, including capital expenditures to "support longer-term growth of our plasma-based treatments," according to a bond prospectus. Insurer MetLife Inc. (MET), soft drink maker PepsiCo Inc. (PEP) and pipeline operator Kinder Morgan Energy Partners LP (KMP) plan to borrow $500 million each, with maturities ranging from three to 30 years. Kinder Morgan will use the proceeds to pay a portion of a $6.22 billion pipeline acquisition from its general partner, Kinder Morgan Inc. (KMI). Diversified manufacturer Leggett & Platt Inc. (LEG) plans to borrow $300 million via 10-year notes, and real estate firm Essex Portfolio LP (ESS) plans to issue $250 million also for 10 years. In the first seven days of August, investment-grade companies borrowed more than $15 billion, significantly more than the same period last year, when they borrowed $10.2 billion, according to data provider Dealogic. Two years ago, however, companies with investment-grade credit ratings borrowed nearly $34 billion over the same period. Low rates make it enticing for companies to refinance existing debt and take out new loans. That has given some investors pause. "These longer-dated bonds are probably dangerous at this stage in the economic cycle," said William Larkin, fixed income portfolio manager at Cabot Money Management. "We have very low coupons and long maturities, and that can be a recipe for a disaster if we get a stronger economic recovery." In the high-yield market Wednesday, cable operator Charter Communications Inc. (CHTR) is planning to sell $1 billion in 10-year notes through two subsidiaries. Write to Mike Cherney at Subscribe to WSJ:

Stock News for Metlife (MET)
08/29/201615:30:00McDonald's Consolidates Agency Business With Omnicom
08/29/201600:52:00MetLife Wins Two Stevie® Awards in 2016 International Business...
08/16/201611:08:00MetLife Asks Appeals Court to Uphold Removal of 'SIFI' Label--Update
08/16/201610:30:00MetLife Asks Appeals Court to Uphold Removal of 'SIFI' Label
08/16/201610:17:00MetLife Asks Appeals Court to Uphold Removal of 'SIFI' Label
08/15/201616:47:45Current Report Filing (8-k)
08/15/201616:15:00MetLife Declares Third Quarter 2016 Preferred Stock Dividend
08/08/201608:40:00TIAA Confirms Deal to Buy EverBank for $2.5 Billion
08/05/201606:07:42Amended Statement of Beneficial Ownership (sc 13d/a)
08/05/201606:05:23Quarterly Report (10-q)
08/04/201610:50:00MetLife to Cut Costs by $1 Billion Through 2019
08/04/201610:44:00MetLife to Cut Costs by $1 Billion Through 2019
08/04/201609:09:06Current Report Filing (8-k)
08/04/201603:02:00Insurers' Results Hit by Low Rates, Catastrophes -- WSJ
08/03/201617:50:00Insurers' Results Dented by Low Interest Rates, Catastrophes...
08/03/201617:35:00Insurers' Results Dented by Low Interest Rates, Catastrophe Claims...
08/03/201617:30:00Insurers' Results Dented by Low Interest Rates, Catastrophe Claims
08/03/201617:20:00Insurers' Results Dented by Low Interest Rates, Catastrophe Claims
08/03/201617:18:45Current Report Filing (8-k)
08/03/201616:15:00MetLife Announces Second Quarter 2016 Results

Metlife and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations