The Bank of New York says the latest data from Thomson Financial make the bank the leading overall corporate trustee for the first six months of 2003.
The Bank of New York handled 670 issues and over $173 billion in principal amount of bonds issued. The next closest provider had 545 issues and $160 billion of principal outstanding.
The ranking considers the Bank’s overall performance in all types of debt, including mortgage and asset-backed, taxable, high yield and municipal. Thomson Financial provides the securities industry with a
wide array of market volume statistics, including data on publicly held debt for the corporate trust industry.
“We continue to be at the forefront of the corporate trust market because of the diversity of our products, our willingness to customize our services and our leadership in introducing innovative technologies to the most complex fixed-income requirements,” says Karen Peetz, executive vice president and division head for corporate trust services at The Bank of New York.