By Andrea Heisinger
New York, July 22 - The Bank of New York Mellon Corp. gave terms of its $1.6 billion of notes (Aa2/AA-/AA-) in two parts, according to an FWP filing with the Securities and Exchange Commission.
The $600 million of three-year floating-rate notes was priced at par to yield three-month Libor plus 27 basis points. The notes were sold in line with talk in the Libor plus 27 bps area.
A second tranche was $1 billion of five-year notes priced at 99.915 to yield 2.318% with a spread of Treasuries plus 78 bps. The tranche priced at the tight end of guidance in the 80 bps area.
Both notes are non-callable.
Bookrunners were Barclays Capital Inc., Goldman Sachs & Co. and RBS Securities Inc.
BNY Mellon Capital Markets LLC, BNP Paribas Securities Corp., Duncan Williams Inc., Lebenthal & Co., Lloyds Securities, RBC Capital Markets LLC and Rice Financial Products Co. were the co-managers.
The financial services company is based in New York City.
| Issuer: | Bank of New York Mellon Corp.
|
| Issue: | Notes
|
| Amount: | $1.6 billion
|
| Bookrunners: | Barclays Capital Inc., Goldman Sachs & Co., RBS Securities Inc.
|
| Co-managers: | BNY Mellon Capital Markets LLC, BNP Paribas Securities Corp., Duncan Williams Inc., Lebenthal & Co., Lloyds Securities, RBC Capital Markets LLC, Rice Financial Products Co.
|
| Trade date: | July 21
|
| Settlement date: | July 28
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
|
|
| Three-year floaters
|
| Amount: | $600 million
|
| Maturity: | July 28, 2014
|
| Coupon: | Three-month Libor plus 27 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 27 bps
|
| Call: | Non-callable
|
| Price talk: | Libor plus 27 bps area
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | July 28, 2016
|
| Coupon: | 2.3%
|
| Price: | 99.915
|
| Yield: | 2.318%
|
| Spread: | Treasuries plus 78 bps
|
| Call: | Non-callable
|
| Price talk: | 80 bps area
|
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