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Prospect News home > News index > List of issuers Tenders > Headlines for 2013 > News item
Published on 5/14/2013 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

BNY Mellon to redeem $300 million 7.78% capital securities June 14

By Marisa Wong

Madison, Wis., May 14 - Bank of New York Mellon Corp. said that all $300 million outstanding 7.78% capital securities, series A, issued by BNY Institutional Capital Trust A will be redeemed on June 14.

The redemption price for the capital securities will be $1,015.56 per $1,000 security plus $2.80944 of accrued distributions up to but excluding the redemption date.

The investment company is based in New York.


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