MetLife Global Funding launches $3 bln note sale

NEW YORK, April 7 (Reuters) - MetLife Global Funding launched $3.0 billion notes in a two-part sale, with pricing expected later on Monday, said a market source familiar with the offering.

The sale includes $1 billion in one-year floating-rate notes with an expected coupon rate of 0.375 percentage point over the three-month London interbank offered rate.

It also includes $2 billion in five-year notes expected to yield 2.40 percentage points over U.S. Treasuries.

The joint lead managers on the sale are Banc of America Securities, Credit Suisse, Deutsche Bank and Morgan Stanley. (Reporting by Caryn Trokie, Editing by Chizu Nomiyama)