By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 20 – Bank of New York Mellon Corp. priced $1.3 billion of notes (A1/A/AA-/DBRS: AA) in two parts on Wednesday, according to FWP filings with the Securities and Exchange Commission.
The bank sold $850 million of 2.05% five-year notes at 99.915 to yield 2.068%, or 45 basis points over Treasuries.
These notes were talked in the Treasuries plus 60 bps area and launched at Treasuries plus 45 bps.
There were also $450 million of 2.5% 10-year notes sold at 70 bps over Treasuries. These notes were priced at 99.701 to yield 2.534%.
The 10-year notes were talked in the Treasuries plus 85 bps area and launched at Treasuries plus 70 bps.
BNY Mellon Capital Markets LLC, BofA Securities Inc., Goldman Sachs & Co. 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 Corp.
|
| Amount: | $1.3 billion
|
| Issue: | Notes
|
| Bookrunners: | BNY Mellon Capital Markets LLC, BofA Securities Inc., Goldman Sachs & Co. LLC and UBS Securities LLC
|
| Co-managers: | Intesa Sanpaolo SpA, Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., Multi-Bank Securities, Inc. and Samuel A. Ramirez & Co. Inc.
|
| Trade date: | Jan. 19
|
| Settlement date: | Jan. 26
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: AA-
|
| DBRS: AA
|
| Distribution: | SEC registered
|
|
|
| 2027 notes
|
| Amount: | $850 million
|
| Maturity: | Jan. 26, 2027
|
| Coupon: | 2.05%
|
| Price: | 99.915
|
| Yield: | 2.068%
|
| Spread: | Treasuries plus 45 bps
|
| Call: | Beginning Dec. 24, 2026 at par
|
| Guidance: | Treasuries plus 60 bps area, launched at Treasuries plus 45 bps
|
| Cusip: | 06406RBA4
|
|
|
| 2032 notes
|
| Amount: | $450 million
|
| Maturity: | Jan. 26, 2032
|
| Coupon: | 2.5%
|
| Price: | 99.701
|
| Yield: | 2.534%
|
| Spread: | Treasuries plus 70 bps
|
| Call: | Beginning Oct. 27, 2031 at par
|
| Guidance: | Treasuries plus 85 bps area, launched at Treasuries plus 70 bps
|
| Cusip: | 06406RBB2
|
|
|
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