Metlife Has $2.3 Bln In Subprime Holdings

  • 02 Aug 2007
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Metlife had around $2.3 billion invested in subprime residential mortgage-backed securities at the end of the second quarter, less than 1% of the company’s invested assets, reports Bloomberg News. Ninety-eight percent of those securities received either AAA or AA ratings. “We feel really good about our exposure to the subprime market and don't think it's a big issue,” said William Wheeler, cfo. “Most of it was issued before 2004, back before they came in a little sketchy with what the mortgage originations were doing.” The company also owned $83 million in collateralized debt obligations backed by subprime mortgages, said Steve Kandarian, chief investment officer.

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  • 02 Aug 2007

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 348.35 2 14.57%
2 SG Corporate & Investment Banking 297.67 1 12.45%
2 Citi 297.67 1 12.45%
4 RBC Capital Markets 251.51 1 10.52%
4 MUFG 251.51 1 10.52%