BNY Mellon Corporate Trust Appointed Trustee for Brasil Food's $750 Million Bond Issue
NEW YORK, May 5 /PRNewswire-FirstCall/ -- BNY Mellon Corporate Trust has been appointed trustee, registrar, paying and transfer agent for Brasil Food S.A.'s $750 million bond issue. In its role, BNY Mellon Corporate Trust will provide a variety of services for the debt issue, including processing principal and interest payments and maintaining bondholder records.
"Our strong commitment to Latin America coupled with our experience servicing a wide range of complex bond financings will enable us to support Brasil Foods in this transaction," said Sonia Chaliha, managing director of the Global Americas region for BNY Mellon Corporate Trust. "We look forward to expanding our capabilities and continuing to meet the growing needs of issuers in the region."
Headquartered in Sao Paulo, Brazil, Brasil Foods S.A. is one of Brazil's largest food companies with a focus on production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products.
BNY Mellon has been conducting business in Latin America for over 100 years. The Company has representative offices in Brazil, Mexico, Chile and Argentina, as well as significant local operations in Brazil, and holds a banking license in Mexico. It offers a full range of securities servicing, global payments, asset management and trade finance products.
BNY Mellon Corporate Trust services $12 trillion in outstanding debt from 58 locations in 20 countries. Its clients include governments and their agencies, multinational corporations, financial institutions and other entities that access the global debt capital markets. The corporate trust business utilizes its global footprint and expertise to deliver a full range of issuer and related investor services and develop customized and market-driven solutions. Its range of core services includes debt trustee, paying agency, escrow and other fiduciary offerings.
Corporate trust providers are appointed by corporations, municipal governments and other entities issuing debt to perform a variety of duties, including servicing and maintaining the debt issue, processing principal and interest payments for investors, representing investors in defaults, and providing value-added services for complex debt structures.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.4 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. Additional information is available at www.bnymellon.com.
SOURCE BNY Mellon
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