NEW YORK, April 28, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed trustee, registrar and paying agent for $35.5 million in revenue bonds issued by the
Massachusetts Development Financing Agency to refund prior debt for
the College of the Holy Cross and to
finance capital improvements at the college, including the
renovation and addition to the Hart Center athletic facility.
"Our long-term relationship with BNY Mellon and BNY Mellon's
expertise in college and university financings were among the
reasons for selecting BNY Mellon for this issuance," said
Elizabeth Dionne, director of
finance at Holy Cross.
"We have been working on bond financing for Holy Cross for more than 10 years, and we continue
to expand our work as trustee for a growing number of
universities," said Antonio
Portuondo, head of BNY Mellon Corporate Trust's public and
not-for-profit business.
Holy Cross (www.holycross.edu),
located in Worcester,
Massachusetts, is among the nation's leading liberal arts
institutions. A highly selective, four-year, exclusively
undergraduate college of 2,800 students, Holy
Cross is renowned for offering a rigorous, personalized
education in the Jesuit, Catholic tradition. Since its
founding in 1843, Holy Cross has made a
positive impact in society by graduating students who distinguish
themselves as thoughtful leaders in business, professional and
civic life.
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 March 31, 2016, BNY Mellon Corporate Trust served
as trustee and/or paying agent on more than 58,000 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 March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or
administration, and $1.6 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
Malcolm
Borthwick
+011 44 207 163 4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon