10/15/03
NEW YORK, N.Y., October 15, 2003 - The Bank of New York announced today that it has been selected by Australian Mortgage Securities Ltd. (AMS) to provide note trustee, principal paying agent, calculation agent, and registrar services for ARMS II Global Fund I, $1,000,000,000 Class A mortgage-backed floating rate bonds. The bonds are collateralized by a pool of housing loans located in Australia. AMS is the manager and master servicer of the ARMS II mortgage securitization program and Australia’s largest non-bank mortgage originator.
Under the ARMS II program, approximately A$14 billion of mortgage-backed securities have been issued into the Australian domestic, euro and global markets.
Steven Hodgetts, managing director and head of the global trust services division at The Bank of New York, said, "We are delighted to be working with AMS on this securitization. This appointment highlights AMS’s confidence that The Bank of New York can fulfill the trustee and servicing needs of its first global bond. We have a great deal of experience working with Australian issuers of global mortgage-backed bonds, and this is an excellent opportunity to further demonstrate our ability to provide a wide range of services."
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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