08/12/03
NEW YORK, N.Y., August 12, 2003 - The Bank of New York announced today that it was the leading overall corporate trustee for the first six months of 2003 according to data compiled by Thomson Financial.* The Bank of New York’s top ranking included 670 issues and over $173 billion in principal amount of bonds issued. The next closest provider had 545 issues and $160 billion of principal outstanding.
The ranking considers the Bank’s overall performance in all types of debt, including mortgage and asset-backed, taxable, high yield and municipal. Thomson Financial provides the securities industry with a wide array of market volume statistics, including data on publicly held debt for the corporate trust industry.
Karen Peetz, executive vice president and division head for corporate trust services at The Bank of New York, said, "We continue to be at the forefront of the corporate trust market because of the diversity of our products, our willingness to customize our services and our leadership in introducing innovative technologies to the most complex fixed-income requirements."
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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