BNY Mellon has been appointed indenture trustee, registrar and paying agent by Capital One for its US$750million issuance of asset-backed securities.
In its role, BNY Mellon Corporate Trust will provide a variety of services for Capital One. It includes processing principal and interest payments and maintaining bondholder records.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Eric Bauder, vice president of capital markets funding at Capital One said:"Capital One has had a long standing relationship with BNY Mellon’s corporate trust organization. This issuance continues that relationship, which we look forward to continuing and enhancing in the future."
Sonal Patel, managing director of financial institutions at BNY Mellon Corporate Trust, said: "We are well positioned to support issuers who are taking advantage of a renewed credit card ABS market. We look forward to working with Capital One as part of our focus on working with the most respected credit card brands in the country."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
