BNY Mellon number one trustee for high-yield bonds year to date

New York, Dec. 5 - Bank of New York Mellon Trust Co., NA was again the top trustee for high-yield bonds, ranking first for the year through November, according to data compiled by Prospect News.

Bank of New York placed first for the junk bond market as a whole, excluding emerging markets deals, recording a 20.5% share. Wells Fargo was second and U.S. Bancorp third, both unchanged from the previous month.

For U.S.-based issuers only, Bank of New York was first, regaining the top position after falling to third the previous month. Wells Fargo came in second and U.S. Bancorp third.

The tables cover high-yield bond deals offered in the United States via a registration with the Securities and Exchange Commission or under Rule 144A. The name of the trustee was not available for all deals.

Trustee, U.S. market, all issuers, year to date

	Trustee	Amount	No.	Share
1	BNY	61.776	108	20.52%
2	Wells Fargo	53.200	104	17.67%
3	USB	52.506	125	17.44%
4	Wilmington	25.742	49	8.55%
5	Deutsche Bank	5.425	7	1.80%
6	Law Debenture Trust Co.	4.513	6	1.50%
7	Regions Bank	2.800	2	0.93%
8	Manufacturers and Traders Trust	1.250	2	0.42%
9	HSBC	1.150	2	0.38%
10	Scotia	1.004	4	0.33%
	Total	301.033	624
Trustee, U.S. market, U.S. issuers, year to date
	Trustee	Amount	No.	Share
1	BNY	56.734	100	21.39%
2	Wells Fargo	53.112	103	20.02%
3	USB	51.612	122	19.46%
4	Wilmington	24.889	47	9.38%
5	Deutsche Bank	5.425	7	2.05%
6	Law Debenture Trust Co.	4.513	6	1.70%
7	Regions Bank	2.800	2	1.06%
8	Manufacturers and Traders Trust	1.250	2	0.47%
9	HSBC	1.150	2	0.43%
10	Scotia	1.004	4	0.38%
	Total	265.270	550
Prospect News High Yield Trustee Rankings

Criteria

• The tables include all underwritten dollar-denominated offerings sold in the United States as public or Rule 144A deals reported to Prospect News.

• Convertibles, trust preferreds, capital securities and preferred stock are excluded.

• Deals rated investment grade by either Standard & Poor's or Moody's Investors Service are excluded, but deals not rated by both are included.

• Offerings are included in the time period in which they price.

• Amounts are based on the total sales price (face amount multiplied by the offering price).

• Units made up of a bond and a warrant are included; other units are excluded.

• Sovereign issues are excluded.

• Each tranche is counted as a separate deal.

• Passthroughs, collateral trust and equipment trust certificates are included.

• Best efforts and non-underwritten deals are excluded as are remarketings.

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