The Bank of New York Named Top International Trustee
NEW YORK, October 17, 2005 -- The Bank of New York, a global leader in securities servicing, has been named the number one overall trustee for all new international bond issues for the second quarter of 2005 by Thomson Financial, a leading provider of financial technology and information. It is the Bank's second consecutive quarter in the top position.
In individual categories, the Bank was ranked the number one trustee for international investment grade bonds (excluding MTTs), international high yield bonds, international structured finance issues, and international emerging markets issues. The Bank also took the top paying agent position for international high yield bonds and international emerging markets Issues.
In addition, The Bank of New York retained its number one overall global trustee position for U.S. domestic and international debt issues, based on results from Thomson's international league table, and U.S. taxable debt and long-term municipal new issues tables. In total, the Bank was appointed trustee on 932 new debt issues globally, valued at more than $319 billion in proceeds.
Karen Peetz, executive vice president and Head of The Bank of New York's Corporate Trust Services division, said, "The scope of our coverage across markets and national borders demonstrates both the depth and breadth of our experience and expertise. Retaining our top international and U.S. domestic rankings underscores how we are able to meet new market requirements and provide customized solutions to meet the unique needs of our clients anywhere in the world."
The Bank of New York is a leading provider of corporate trust and agency services. The Bank and its subsidiaries and affiliates administer a portfolio of more than 90,000 trustee and agency appointments, representing $3 trillion in outstanding securities for more than 30,000 clients around the world. The Bank is a recognized leader for trust services in several debt products, including corporate and municipal debt, mortgage-backed and asset-backed securities, derivative securities services and international debt offerings.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in providing a comprehensive array of services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company has a long tradition of collaborating with clients to deliver innovative solutions through its core competencies: securities servicing, treasury management, investment management, and individual & regional banking services. The Company's extensive global client base includes a broad range of leading financial institutions, corporations, government entities, endowments and foundations. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. Additional information is available at www.bankofny.com.
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