MEDIA RELEASE PR37238
BNY Mellon Appointed Issuing & Paying Agent and Registrar on European Investment Bank's
A$1.5 Billion Kangaroo Bond
SYDNEY, Nov. 23 /PRNewswire-AsiaNet/ --
Largest single tranche transaction ever issued into the
Kangaroo market
BNY Mellon, the global leader in asset management and securities
servicing, has been appointed to provide multiple corporate trust services
for European Investment Bank's (EIB) (AAA/Aaa) A$1.5 billion (US$1.39
billion) April 2015 Kangaroo bond - the largest single tranche transaction
ever issued into the Kangaroo market.
The EIB was created by the Treaty of Rome in 1958 as the long-term
lending bank of the European Union and has been over the last few years the
largest SSA issuer in the Kangaroo market. As Issuing and Paying Agent and
Registrar, BNY Mellon will provide a variety of services for EIB's Australian
Dollar Domestic Medium Term Note Programme, including facilitating issuance
of bonds into the market, re-fixing rates of interest and processing interest
payments to noteholders.
"Aussie-dollar denominated bonds, or kangaroo bonds as they are better
known, have enjoyed a bumper 12 months thanks, to strong interest from
overseas investors looking to capitalise on the attractive yields and take
advantage of favourable currency movements," said John McGee, Managing
Director of BNY Mellon's Corporate Trust business in Australia.
"As the world's leading corporate trust provider, the continued strength
of the Kangaroo bond market presents strong opportunities for our company,"
McGee added.
BNY Mellon's corporate trust business services nearly $12 trillion in
outstanding debt from 58 locations in 20 countries. 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 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 debt issuers as well as fund
and collateral management institutions to perform a variety of services
related to debt and collateral administration, safekeeping, direct cash and
investment management, portfolio and transparency analytics, reporting, and
final asset disposition and distribution activities.
Notes to editors
BNY Mellon provides corporate trust services in Australia through its
wholly owned subsidiary, BNY Mellon Australia Pty Ltd.
BNY Mellon is the corporate brand of The Bank of New York Mellon
Corporation. BNY Mellon 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. BNY Mellon 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 $22.1 trillion in assets under custody
and administration and $966 billion in assets under management, services
$11.9 trillion in outstanding debt and processes global payments averaging
$1.6 trillion per day. Additional information is available at
Source BNY Mellon
CONTACT: Louisa Bartoszek of BNY Mellon, +44 20 7163 2826,
louisa.bartoszek@bnymellon.com
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