By Andrea Heisinger
New York, June 11 - The Bank of New York Mellon Corp. priced an upsized $650 million of 2.95% five-year senior medium-term notes late in the afternoon on Friday to yield Treasuries plus 95 basis points, an informed source said.
The size was increased from $500 million, the source said, adding that there "wasn't really any price talk."
The notes (Aa2/AA-/AA-) priced at 99.871 to yield 2.978%. They are non-callable.
Bookrunners were Barclays Capital Inc. and UBS Investment Bank.
BNY Mellon Capital Markets LLC, HSBC Securities (USA) Inc., RBC Capital Markets Corp., RBS Securities Inc., Jackson Securities LLC, Samuel A. Ramirez & Co. Inc. and Williams Capital Group LP were the co-managers.
The financial services company is based in New York City.
| Issuer: | Bank of New York Mellon Corp.
|
| Issue: | Senior medium-term notes
|
| Amount: | $650 million, increased from $500 million
|
| Maturity: | June 18, 2015
|
| Bookrunners: | Barclays Capital Inc., UBS Investment Bank
|
| Co-managers: | BNY Mellon Capital Markets LLC, HSBC Securities (USA) Inc., RBC Capital Markets Corp., RBS Securities Inc., Jackson Securities LLC, Samuel A. Ramirez & Co. Inc., Williams Capital Group LP
|
| Coupon: | 2.95%
|
| Price: | 99.871
|
| Yield: | 2.978%
|
| Spread: | Treasuries plus 95 bps
|
| Call: | Non-callable
|
| Trade date: | June 11
|
| Settlement date: | June 18
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
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