MetLife Invests More Than $10 Billion in Private Placements in 2010
March 14 2011 - 9:08AM
Business Wire
MetLife, Inc. (NYSE: MET) announced today that it invested,
through its private securities group, $10.4 billion in corporate
debt private placements, project financings and lease equity
investments in 2010. The company has invested in the private
placement business for more than 80 years and, at $43 billion, has
one of the largest private securities portfolios globally.
“MetLife saw an unprecedented volume of private placement
activity in 2010 as we worked with clients around the world in a
variety of industries to assist with their financing needs,” said
Scott Inglis, managing director and head of MetLife’s private
securities group. “MetLife’s extensive knowledge and industry
expertise has positioned the company as a leading investor in the
private securities market for several decades. Issuers recognize
MetLife as a reliable source of funding, and we are committed to
helping businesses prosper on a long-term basis.”
MetLife’s private securities portfolio consists of companies
across an array of industries spread over more than 30 countries,
including the US, UK, Continental Europe, Australia, Canada and
Latin America. The private placement market offers borrowers
funding diversity, long maturities, customized terms and flexible
drawdown schedules.
MetLife, Inc. is a leading global provider of insurance,
annuities and employee benefit programs, serving 90 million
customers in over 60 countries. Through its subsidiaries and
affiliates, MetLife holds leading market positions in the United
States, Japan, Latin America, Asia Pacific, Europe and the Middle
East. For more information, visit www.metlife.com.
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