New Issue: Bank of New York Mellon prices $1 billion two-year floaters at Libor plus 30 bps

By Cristal Cody

Tupelo, Miss., Nov. 29 – Bank of New York Mellon (Aa2/AA-/AA) priced $1 billion of two-year senior floating-rate notes on Thursday with a coupon of Libor plus 30 basis points, according to a market source.

The notes were initially talked to price in the Libor plus 40 bps area.

BofA Merrill Lynch, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities (USA) LLC and UBS Securities LLC were the bookrunners.

Bank of New York Mellon is a financial products and services company based in New York.

Issuer:	Bank of New York Mellon
Amount:	$1 billion
Securities:	Senior notes
Maturity:	Dec. 4, 2020
Bookrunners:	BofA Merrill Lynch, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities (USA) LLC and UBS Securities LLC
Coupon:	Libor plus 30 bps
Trade date:	Nov. 29
Ratings:	Moody’s: Aa2
	S&P: AA-
	Fitch: AA
Price talk:	Libor plus 40 bps area

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