December 15, 2011

BNY Mellon Appointed Indenture Trustee, Paying Agent and Registrar for CHUM's $148.5 Million Bond Issue

NEW YORK, December 15, 2011 — BNY Mellon has been appointed indenture trustee, paying agent and registrar for the Centre hospitalier de l'Universite de Montreal's (CHUM) $148.5 million issuance of senior unsecured debentures.  CHUM, the largest francophone teaching hospital in North America, will use the proceeds from the sale of the bonds to finance the construction of new facilities and a research centre in downtown Montreal.

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.

Created by the merger of Hotel-Dieu de Montreal, Hopital Notre-Dame and Hopital Saint-Luc, CHUM provides specialized and ultra-specialized care in some 35 medical disciplines and is the largest university hospital center in Quebec.  The new facility will be located on the existing Hôpital Saint-Luc site.

Earlier this year, CHUM entered into a public-private partnership with Health Montreal Collective Limited Partnership, a consortium made up of Innisfree PFI Secondary Fund LP, Obrascon Huarte Lain S.A., Laing O'Rourke PLC and Dalkia Canada Inc, that will design, build, finance and maintain the new CHUM. BNY Mellon Corporate Trust acted as indenture trustee, paying agent, registrar and insurance account trustee when the Partnership raised $1.37 billion through the sale of senior secured bonds.

"CHUM is dedicated to strengthening the healthcare infrastructure in Montreal.  Being appointed to service such a critical project underscores our commitment to being a key participant in valuable public-private partnerships in Canada," said Sonia Chaliha, managing director and head of client and business development for Canada and Latin America for BNY Mellon Corporate Trust.

BNY Mellon Corporate Trust, through BNY Trust Company of Canada, provides global trust and agency services to Canadian issuers interested in tapping the global capital markets, as well as any issuer looking to issue in the Canadian domestic capital markets.  

BNY Mellon Corporate Trust services $11.9 trillion in outstanding debt from 61 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 to 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 a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.9 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available on or follow us on Twitter @BNYMellon.