NEW YORK, Oct. 7, 2015 /PRNewswire/ -- BNY Mellon, a global
leader in investment management and investment services, has been
appointed trustee, registrar, paying agent and back-up servicer for
$118.6 million in asset-backed
securities issued by Hannon Armstrong Sustainable Infrastructure
Capital, Inc. (NYSE: HASI), a leading provider of debt and equity
financing to the energy efficiency and renewable energy
markets.
The securities issued by Hannon
Armstrong are backed by a portion of its solar and wind real
estate-related assets. They are supported by ground lease payments,
which are higher in priority than the senior debt.
"BNY Mellon's Corporate Trust business continues to broaden its
role in environmental finance," said Tim
Vara, managing director for U.S. financial institutions in
the Corporate Trust group. "We see growing interest from investors
in securities that are supported by renewable energy sources."
BNY Mellon provides a wide array of services to Hannon Armstrong on a range of securities
including paying agent, collateral agent, security intermediary,
depository and custodian.
"We chose to work with BNY Mellon on this financing because of
its capabilities and its 15-year history of supporting Hannon Armstrong and providing us with superior
service," said Lisa Hale, Vice
President of Asset Management for Hannon
Armstrong.
BNY Mellon offers a wide range of social finance products and
services that help mainstream investors meet their return/risk
goals, while considering the environmental, social and governance
(ESG) impact of their investments. BNY Mellon's Corporate Trust
group supports clients' ESG needs through environmental finance
products including custody of carbon credits, environmental trusts
and escrows, green bonds and project finance. Learn more about
social finance at BNY Mellon at
www.bnymellon.com/socialfinance.
BNY Mellon is a leading provider of corporate trust services to
the debt capital markets, offering customized and market-driven
solutions to investors, bondholders and lenders. As of June 30, 2015, BNY Mellon Corporate Trust served
as trustee and/or paying agent on more than 60,000 debt-related
issues globally. The corporate trust business utilizes its global
footprint and expertise to deliver a full range of issuer and
related investor services including trustee, paying agency,
fiduciary, escrow, and other financial services. The business
administers a wide array of assets and types of programs to
multinational corporations, financial institutions, governments and
their agencies, and the banking, securities, and insurance
industries.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of June 30, 2015, BNY Mellon had $28.6 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on www.bnymellon.com.
Follow us on Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.
Contact: Mike Dunn
+1 732 667 2678
mike.g.dunn@bnymellon.com
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SOURCE BNY Mellon