10/16/03
NEW YORK, N.Y., October 16, 2003 - The Bank of New York announced today that it has been appointed as trustee, registrar, and paying agent by Banco Bradesco, S.A. for its Diversified International Payment Rights US$400,000,000 Notes. The notes are divided into two series: a Fixed Rate Series 2003-1 for US$200,000,000 6.75% Notes and a Floating Rate Series 2003-2 for US$200,000,000 Notes.
As stated by the company, Banco Bradesco, founded in 1943, is one of the largest private sector banks in Brazil by total net worth, providing a wide range of banking and financial products and services, both in Brazil and abroad, to individuals, small to mid-sized companies in Brazil, and major local and international corporations and institutions. Banco Bradesco, in conjunction with its subsidiaries, has 3,362 branches in Brazil and seven branches and seven subsidiaries located in New York, the Grand Cayman Islands, the Bahamas, Buenos Aires, Tokyo, and Luxembourg. At June 30, 2003, Banco Bradesco, on a consolidated basis, had approximately R$154.5 billion in total assets, R$53 billion in credit operations, R$56.8 billion in total deposits and R$12.6 billion in stockholders’ equity.
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.
| « Back to Press Releases |
