The Bank of New York Mellon Appointed Fiscal and Paying Agent for Separate Sovereign Debt Bond Offerings by Brazil and Colombia
January 22 2009 - 9:00AM
PR Newswire (US)
NEW YORK, Jan. 22 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon, the global leader in asset management and securities
servicing, has been appointed to serve as fiscal and paying agent
on separate $1 billion sovereign debt bond offerings by Brazil and
Colombia. As fiscal and paying agent, The Bank of New York Mellon
will make interest and principal payments to investors on behalf of
Brazil and Colombia and handle other administrative duties related
to the issuance of the bonds. "As the leading corporate trust
provider in Latin America, we have the infrastructure, technology
and staff to fully support these important bond offerings from
Brazil and Colombia," said Samir Pandiri, managing director and
head of the International division for The Bank of New York
Mellon's Global Corporate Trust business. Corporate trust providers
are appointed by corporations, municipal governments and other
entities issuing debt to perform a variety of duties, including
servicing and maintaining the debt issue, processing payments for
investors, representing investors in defaults, and providing
value-added services for complex debt structures. The Bank of New
York Mellon's corporate trust business services $12 trillion in
outstanding debt from 56 locations around the world. It services
all major debt categories, including corporate and sovereign debt,
mortgage-backed and asset-backed securities, collateralized debt
obligations, derivative securities and international debt
offerings. The Bank of New York Mellon Corporation is a global
financial services company focused on helping clients manage and
service their financial assets, operating in 34 countries and
serving more than 100 markets. The company is a leading provider of
financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and
wealth management, asset servicing, issuer services, clearing
services and treasury services through a worldwide client-focused
team. It has $20.2 trillion in assets under custody and
administration, $928 billion in assets under management and
services more than $11 trillion in outstanding debt. Additional
information is available at http://www.bnymellon.com/. DATASOURCE:
The Bank of New York Mellon Corporation CONTACT: Kevin Heine of The
Bank of New York Mellon Corporation, +1-212-635-1590, Web Site:
http://www.bnymellon.com/
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