10/14/03
NEW YORK, N.Y., October 14, 2003 - The Bank of New York announced today that it has been selected by NATS (En Route) plc to provide trustee and principal paying agent services to its £600,000,000 5.25 %, Guaranteed Secured Amortizing Bonds, due 2026. The bonds will be wrapped pursuant to a financial guarantee policy issued by MBIA Assurance S.A., which will guarantee principal and interest payments. This is NATS (En Route) plc’s first bond offering in the capital markets.
The National Air Traffic Services (NATS) Group, part-privatized under a public-private partnership scheme with the UK government in 2001, provides air traffic services to assist aircraft navigation through its subsidiary, NATS (En Route) plc. NATS (En Route) plc is the holder of the only license issued under the Transportation Act 2000, which governs the provision of air traffic services in the UK.
Steven Hodgetts, managing director of global trust services at The Bank of New York, said, "We are very pleased that NATS (En Route) plc has chosen The Bank of New York to support its debut bond offering. This appointment underscores our dedication to client-focused solutions and our ability to support first-time issuers through our extensive experience in the capital markets."
This announcement is not an offer to sell or a solicitation of an offer to buy any securities. The offering is made only by means of the prospectus.
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 85,000 trustee and agency appointments, representing more than $1 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 mortgage-backed and asset-backed securities, corporate and municipal debt, derivative security services and international debt offerings.
The Bank of New York Company, Inc. (NYSE: BK) is a global leader in securities servicing for issuers, investors and financial intermediaries. The Company plays an integral role in the infrastructure of the capital markets, servicing securities in more than 100 markets worldwide. The Company provides quality solutions through leading technology for global corporations, financial institutions, asset managers, governments, non-profit organizations, and individuals. Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has a distinguished history of serving clients around the world through its five primary businesses: Securities Servicing and Global Payment Services, Private Client Services and Asset Management, Corporate Banking, Global Market Services, and Retail Banking. Additional information on the Company is available at www.bankofny.com.
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