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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 94,444.52 266 11.16%
2 Bank of America Merrill Lynch 79,057.17 220 9.35%
3 Wells Fargo Securities 69,655.75 196 8.23%
4 JPMorgan 69,110.65 196 8.17%
5 Credit Suisse 56,930.26 144 6.73%