Impressing the asset-backed market with its most recent $600 million credit card-backed transaction that received strong investor demand, mid-tier issuer Metris Companies Inc. is slated to be a strong issuer going forward, with plans to continue to evolve its securitization strategy, said Ralph Than, treasurer of the company.

"It was a very strong transaction for Metris. This was our second issue using the senior/subordinate structure since 1997, whereas in the past, some of our transactions were wrapped," Than said. "We launched the deal at $500 million and upsized to $600 million."

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