Responding to Your Needs

Tender Option Bonds and Public-Private Partnerships

U.S. Bank Global Corporate Trust Services continues to remain relevant to our clients by providing thoughtful and timely responses to changing market needs. As regulatory requirements for the capital markets continued to expand, U.S. Bank worked with Merrill Lynch and acted as Trustee on the first tender option bond (TOB) transaction which is structured to meet the Volcker Rule changes and which will enable TOB's issuances to continue after the Rule is fully implemented.

Another area that has seen growth is the formation of Public-Private Partnerships (P3s) by municipalities and private companies to meet and complete the demands of infrastructure projects. As the number one ranked trustee in both the national municipal and national corporate trustee rankings, it was incumbent upon U.S. Bank to become a leader in serving the trust and escrow needs for the P3 product. Recent examples of our participation in the P3 market include:

Public Private Partnerships

• 95 Express Lanes LLC Public Private Partnership Project — Trustee, Collateral Agent and Securities Intermediary
• U.S. Route 460 Corridor Improvements Project — Master Trustee
• The Goethals Bridge Replacement Project Private Activity Bonds Series 2013 — Collateral Agent, Trustee and Intercreditor Agent
• TxDOT Grand Parkway Transportation Corporation Toll Revenue Bonds Series 2013 (TIFIA component) — Trustee, Registrar and Paying Agent
• East End Crossing of the Ohio River Bridges Project (Indiana Finance Authority) — Project Trustee
• Chicago Transit Authority Bonds Series 2014 — 95th Street Terminal for CTA Rail Transit Line
• **State of Indiana (I-69 Section 5 Project) Series 2014 Bonds (**financial close pending)

Interested in learning more about our array of quality corporate trust products and services? Contact a member of our U.S. Bank Global Corporate Trust Services team today or visit us online at: usbank.com/corporatetrust.