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Debt
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Long-Term Debt
13. Long-term Debt
Senior Notes
In June and September 2024, MetLife, Inc. issued $500 million and $250 million, respectively, of senior notes due December 2034, which form a single series and bear interest at a fixed rate of 5.300%, payable semi-annually. In connection with the June and September issuances, MetLife, Inc. incurred $4 million and $2 million, respectively, of related costs, which, in each case, will be amortized over the term of the applicable senior notes.
In April 2024, MetLife, Inc. redeemed for $438 million in cash all of its £350 million aggregate principal amount outstanding 5.375% senior notes due December 2024.
In March 2024, MetLife, Inc. issued the following fixed rate senior notes totaling $752 million, interest on which is payable semi-annually:
¥7.1 billion due March 2029 which bear interest annually at 1.009%;
¥23.1 billion due March 2031 which bear interest annually at 1.415%;
¥16.7 billion due March 2034 which bear interest annually at 1.670%;
¥11.2 billion due March 2039 which bear interest annually at 1.953%;
¥15.5 billion due March 2044 which bear interest annually at 2.195%;
¥23.5 billion due March 2054 which bear interest annually at 2.390%; and
¥15.2 billion due March 2059 which bear interest annually at 2.448%.
In connection with the March 2024 issuances, MetLife, Inc. incurred $6 million of related costs which are amortized over the applicable term of each series of the senior notes.