08/17/04
NEW YORK, August 17, 2004 - The Bank of New York, a global leader in securities servicing, has been ranked by Thomson Financial as the number one trustee for all U.S. taxable and municipal debt brought to market in the first half of 2004. In 2003, the Bank was also ranked as the leading overall trustee for new debt issues for the third consecutive year.
During the first six months of 2004, the industry brought 9,279 new issues to market, representing more than $1.2 trillion in proceeds. The Bank of New York served as trustee on 8.1 percent of these new issues representing 14.9 percent in proceeds. This was 210 more issues and $30.9 billion more in proceeds than the closest competitor. Thomson Financial provides the securities industry with a wide array of market volume statistics.
Karen B. Peetz, executive vice president and Head of the corporate trust division at The Bank of New York, said, "Our solid track record of achieving top rankings in all debt markets validates our success in leveraging innovative technology and developing customized solutions for our clients worldwide. The latest rankings are further evidence of the Bank’s commitment to exceptional service, operational excellence, and product specialization."
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 90,000 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 corporate and municipal debt, mortgage-backed and asset-backed securities, derivative securities services and international debt offerings.
The Bank of New York Company, Inc. (NYSE: BK) 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 financial institutions, asset managers, governments, non-profit organizations, corporations, 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.
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.
| « Back to Press Releases |
