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MetLife To Borrow $1 Billion Through Note Offering

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NU Online News Service, Dec. 3, 3:17 p.m. – MetLife Inc., New York, says it will borrow $1 billion by issuing $400 million in 10-year senior notes at 5.375% due Dec. 15, 2012, and $600 million in 30-year senior notes at 6.50% due Dec. 15, 2032.

MetLife plans to use some of the proceeds to increase the capital of Metropolitan Life Insurance Company.