By Andrea Heisinger
New York, Nov. 17 - The Bank of New York Mellon Corp. priced $1.25 billion of senior medium-term notes, series G, (Aa2/AA-/AA-) in three tranches on Thursday, a source close to the trade said.
A $250 million tranche of three-year floating-rate notes priced at par to yield Libor plus 85 basis points.
A $500 million tranche of 1.7% three-year notes sold at 99.895 to yield 1.736%, or Treasuries plus 135 bps.
Finally, a $500 million tranche of 2.4% five-year notes priced at 99.819 to yield 2.438% with a spread of Treasuries plus 158 bps.
None of the notes are callable.
Citigroup Global Markets Inc., UBS Securities LLC and BNY Mellon Capital Markets LLC were the bookrunners.
The financial services company is based in New York City.
| Issuer: | Bank of New York Mellon Corp.
|
| Issue: | Senior medium-term notes, series G
|
| Amount: | $1.25 billion
|
| Bookrunners: | Citigroup Global Markets Inc., UBS Securities LLC, BNY Mellon Capital Markets LLC
|
| Trade date: | Nov. 17
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
|
|
| Three-year floaters
|
| Amount: | $250 million
|
| Maturity: | Nov. 24, 2014
|
| Coupon: | Libor plus 85 bps
|
| Price: | Par
|
| Yield: | Libor plus 85 bps
|
| Call: | Non-callable
|
|
|
| Three-year notes
|
| Amount: | $500 million
|
| Maturity: | Nov. 24, 2014
|
| Coupon: | 1.7%
|
| Price: | 99.895
|
| Yield: | 1.736%
|
| Spread: | Treasuries plus 135 bps
|
| Call: | Non-callable
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 17, 2017
|
| Coupon: | 2.4%
|
| Price: | 99.819
|
| Yield: | 2.438%
|
| Spread: | Treasuries plus 158 bps
|
| Call: | Non-callable
|
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