Large insurance company MetLife (MET) will be selling a new perpetual preferred issue.
This issue will have an early redemption in 2025.
The company has 2 other perpetual preferreds outstanding which can be seen here.
The new issue will be investment grade so I think we are looking at another low coupon issue–we shall see.
Thanks to mcg and EarlyBird for being right on this one 15 minutes ago on the Reader Alerts page.
The preliminary prospectus can be seen here.