The Bank of New York Mellon Appointed Trustee for Illinois State Toll Highway Authority's...

The Bank of New York Mellon Appointed Trustee for Illinois State Toll Highway
Authority's $500 Million Build America Bond Issue

NEW YORK, June 24 /PRNewswire-FirstCall/ -- The Bank of New York Mellon (NYSE:
BK), the global leader in asset management and securities servicing, has been
appointed trustee for the Illinois State Toll Highway Authority's $500 million
Build America Bond issue. Build America Bonds provide state and local
governmental entities with federal-subsidized funding at lower borrowing
costs.

In its role, The Bank of New York Mellon will provide a variety of services
for the debt issue, including processing principal and interest payments and
maintaining bondholder records.

"Our expertise in administering Build America Bond issuances will enable us to
support the Illinois State Toll Highway Authority in financing the rebuilding
of its infrastructure," said Troy Kilpatrick, managing director and head of
the Corporate and Municipal Finance Group within The Bank of New York Mellon's
Global Corporate Trust business. "This mandate reflects our leadership role
in and strong commitment to serving the needs of state entities such as the
Illinois State Toll Highway Authority."

The Bank of New York Mellon's corporate trust business services nearly $12
trillion in outstanding debt from 57 locations around the world. It services
all major debt categories, including corporate, municipal and sovereign debt,
mortgage-backed and asset-backed securities, derivative securities and
international debt offerings. The bank does not compete with investment banks
and deal arrangers, which allows it to provide issuers, investors, borrowers
and lenders with an independent and objective service for their transactions.

Corporate trust providers are appointed by corporations, municipal governments
and financial institutions issuing debt to perform a variety of duties,
including servicing and maintaining the debt issue, processing principal and
interest payments for investors, representing investors in defaults, and
providing value-added services for complex debt structures.

The Bank of New York Mellon Corporation is a global financial services company
focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets under
management, and processes global payments averaging $1.8 trillion per day.
Additional information is available at www.bnymellon.com.

SOURCE The Bank of New York Mellon

Kevin Heine, The Bank of New York Mellon, +1-212-635-1590,
kevin.heine@bnymellon.com