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.