Jan 15

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28, 2016 /PRNewswire/ –BNY Mellon, a global leader in investment management and investment services, has been appointed master trustee, trustee, paying agent, registrar, and pooled loan administrator for $600 million in revenue bonds by the Texas Water Development Board (TWDB). The bonds were sold for the no data State Water Implementation Revenue Fund for Texas (SWIRFT) program, created through the transfer of a one-time, $2 billion appropriation from the state’s Rainy Day Fund. With additional leverage created through new revenue bonds issued over 50 years, the state will be able to fund approximately $27 billion in water supply projects. “This is the second phase of this financing program, and BNY Mellon provided strong support during phase one last year,” said Bech Bruun, chairman of TWDB. “For more than 50 years BNY Mellon has served the TWDB and has demonstrated its ability to support loan issuers in financing programs implemented in several states.” “Local municipalities are reducing the costs of financing new infrastructure programs as a result of TWDB’s innovative structure,” said Antonio Portuondo, head of BNY Mellon Corporate Trust’s public and not-for-profit business. “The State of Texas implemented this type of financing structure for the first time last year and this was the first time that it used the indenture trusteeship and outsourced loan servicing to an outside firm.” 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 September 30, 2016, BNY Mellon Corporate Trust served as trustee and/or paying agent on more than 57,000 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. check 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.

For the original version including any supplementary images or video, visit http://www.prnewswire.com/news-releases/texas-water-development-board-appoints-bny-mellon-trustee-paying-agent-and-registrar-for-600-million-in-revenue-bonds-300368851.html

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<img src="http://worldonline.media.clients.ellingtoncms.com/img/photos/2016/11/29/ku_bkc_lbs_10_t180.JPG?370a03faaa4bde2115f371a02430eb3e6a451be5" width='250px' alt='Kansas guard Lagerald Vick (2) gets up for a reverse jam before Long Beach State forward Javonntie Jackson (35) during the first this hyperlink half, Tuesday, Nov. 29, 2016 at Allen Fieldhouse.’ align=’left’ /> Heres a quick look back at some of the action: The game turned when: Jackson began taking over midway through the first half. The freshman wing already had made a three-pointer and gone out of his way to try and get freshman big man Azubuike involved inside though that didnt work out as he hoped. When Long Beach State cut the Kansas lead to 14-13, Jackson had seen enough. The 6-foot-8 guard responded to a Justin Bibbins three by going and getting a layup. Then Jackson went back into distribution mode, bouncing an unthinkable fast-break pass through three 49ers for a Mykhailiuk lay-in. Kansas followed up those easy baskets inside with three-pointers from deep, courtesy of Graham and Mykhailiuk. Then Jackson decided to join in the downtown display and nailed his second trey of the night to cap a 13-0 run and keep Kansas well no data ahead of LBSU for the remainder of the rout. Offensive highlight: This category remains up for debate. And the answer really depends on your personal preference. An old-fashioned bounce pass from Jackson served as the first play to get the fieldhouse buzzing. Jacksons aforementioned dish defied logic.

For the original version including any supplementary images or video, visit http://www2.ljworld.com/news/2016/nov/29/vicks-career-high-23-points-helps-jayhawks-run-pas/

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