BNY Mellon Corporate Trust Appointed Trustee for Ecopetrol SA's $1.5 Billion Bond Issue

PRNewswire
NEW YORK
(NYSE:BK)
Sep 10, 2009

NEW YORK, September 10, 2009 — BNY Mellon Corporate Trust has been appointed trustee, registrar, paying agent, transfer agent and exchange agent for Ecopetrol SA's $1.5 billion bond issue, the proceeds of which will be used for general corporate purposes, including working capital and capital expenditures. Ecopetrol is Colombia's largest integrated oil company and one of the four largest oil companies in Latin America.

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.

"As the world's leading corporate trust provider, we are well positioned to support Ecopetrol in this issuance, the success of which is a sign of investor confidence in the Colombian economy," said James Maitland, managing director and head of BNY Mellon Corporate Trust's international business. "We are committed to servicing the growing needs of issuers across Latin America, and this mandate by one of the largest companies in the region illustrates the market's trust in our global capabilities and expertise."

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 nearly $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 debt issuers as well as fund and collateral management institutions to perform a variety of services related to debt and collateral administration, safekeeping, direct cash and investment management, portfolio and transparency analytics, reporting, and final asset disposition and distribution activities.

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. The company 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 $20.7 trillion in assets under custody and administration, $926 billion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.8 trillion per day. Additional information is available at www.bnymellon.com.