The State of Israel Chooses Computershare as Global Fiscal Agent
Computershare to manage one of world's largest sovereign debt programs
NEW YORK, Feb. 10 /PRNewswire/ -- Computershare Limited (ASX: CPU), a leading financial services provider for the global securities industry, today announced it has been chosen as the sole Fiscal Agent for the State of Israel's global bond program. The State of Israel is one of the world's largest sovereign issuers of debt at over US$ 1 billion per year.
"We were impressed by Computershare's unique combination of financial service expertise, a truly global network in the world of registrars, and use of technological innovation for superior service, data security and quality," said Zvi Chalamish, Consul and Chief Fiscal Officer of Israel's Ministry of Finance for North America. "It was important in our decision making that Computershare, unlike most other providers, manages and integrates all aspects of bondholder servicing in-house, including call centers, web self-servicing, print and mail, and record keeping."
One further priority for the State of Israel is its large and intricate cash management needs. The State required the flexibility to strategically select their banking partners from a number of financial institutions, something Computershare can provide.
"To be selected by the State of Israel is extremely gratifying to us as it confirms our commitment to growing our registry business with government finance," said Stuart Crosby, President and CEO of Computershare. "To be Fiscal Agent for one of the most successful bond programs worldwide will allow us to bring greater expertise to a growing number of global debt issuers."
Among other international programs, Computershare serves as registrar for the Treasury for the British Government's gilts bond program, and supports the UK Debt Management Office (DMO) in the auction of stock and other associated primary market activities. Computershare also acts as registrar for the New Zealand Government for all its New Zealand dollar funding, as well as for overseas organizations for their NZD bonds issued in the New Zealand market.
About Computershare
Computershare (ASX: CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialize in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.
Founded in 1978, Computershare is renowned for its expertise in data management, high volume transaction processing, payments and stakeholder engagement. Many of the world's leading organizations use these core competencies to help maximize the value of relationships with their investors, employees, creditors, members and customers.
Computershare is represented in all major financial markets and has over 10,000 employees worldwide.
For more information, visit www.computershare.com.
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Juli Bark |
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EVP, Marketing |
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Tel: 1 312 588 4249 |
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Jeff Stein |
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Media Relations, Marketing |
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Tel: 1 212 805 7271 |
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SOURCE Computershare Limited
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