09/15/03
NEW YORK, N.Y., September 15, 2003 - The Bank of New York announced today that it has been selected by Credit Suisse First Boston (CSFB) to provide trustee, principal paying agent, agent bank, cash administrator and issuer bank account services for the Chalet Finance 1 p.l.c. transaction. The Bank of New York (Luxembourg) S.A. will provide Luxembourg listing and paying agent services.
Chalet Finance 1 p.l.c. is a public company with limited liability incorporated in Ireland. In aggregate, it issued US$650,000,000, EUR1,055,500,000 and SFr500,000,000 in notes which will give investors credit exposure to a portfolio of Swiss residential mortgage loans.
Steven Hodgetts, managing director and head of global trust services at The Bank of New York, said, "We are delighted to provide services for this significant transaction and are pleased that CSFB has confidence in our ability to effectively service this issue. We look forward to expanding our relationship with CSFB and plan to work closely with them and their advisors to ensure the success both of the launch and the ongoing administration."
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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