Moat Housing Association (Moat) has appointed financial services firm BNY Mellon to offer corporate trust services to its $240.08 million bond issuance. Services offered by BNY Mellon will include principal paying agent, account bank, custodian and common safe-keeping.
Moat is a registered social landlord with 20,800 homes. BNY Mellon 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.
Click here for the release from BNY Mellon.