NEW YORK, May 19, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed trustee, paying agent, registrar and transfer agent for Columbus International Inc.'s$1.25 billion corporate bond issuance.
"We chose to work with BNY Mellon on this transaction because of the longstanding relationship we have with them and their history of supporting our company," said Richard Hugh, vice president of corporate development at Columbus International.
"As one of the world's leading corporate trust providers, we are well positioned to support Columbus International in this issuance," said Sonia Chaliha, head of sales and relationship management for Latin America and Canada for BNY Mellon Corporate Trust. "We are committed to servicing the growing needs of issuers across the Caribbean region and being appointed to such a high-profile transaction illustrates the market's trust in our global capabilities and expertise."
As of March 31, 2014, BNY Mellon Corporate Trust served as trustee and/or paying agent on more than 65,000 debt-related issues globally. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and to develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
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 principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:BK). Additional information is available on www.bnymellon.com, or follow us on Twitter @BNYMellon.
SOURCE BNY Mellon