Under the agreement, BNY Mellon will provide trustee, paying agent, registrar, transfer agency and Luxembourg listing services to Kabel BW which is.
James Maitland, international Corporate Trust executive at BNY Mellon said the European high-yield bond market is set to reach a new level of growth this year, as Basel III regulations make banks focus on capital requirements. This coupled with underlying low interest rates are the cause of the rise of high-yield issuance as investors have moved into higher-returning assets.
"Our appointment on this issuance underscores our expertise in this market sector," Maitland said.
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.
