BNY Mellon Corporate Trust has been appointed as trustee and calculation agent for the State of Colorado’s $338 million issuance of certificates of participation, which includes $299 million of Build America Bonds.
Reportedly, in this role, BNY Mellon Corporate Trust will provide a variety of services for the issue, including processing principal and interest payments and maintaining bondholder records.
Troy Kilpatrick, managing director and head of the corporate and municipal finance group within BNY Mellon Corporate Trust, said: “We are becoming the provider of choice for the growing number of issuers who are looking to take advantage of the new tools created by the American Recovery and Reinvestment Act. Through our expertise and experience in administering a wide range of bond financings, we are well equipped to support the State of Colorado as it finances these building projects to create jobs and boost its local economy.”
