METLIFE INVESTS MORE THAN $10 BILLION IN PRIVATE PLACEMENTS IN 2010
NEW YORK, March 14, 2011
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.