By Aleesia Forni
Virginia Beach, May 2 - Bank of New York Mellon Corp. priced $1.25 billion of senior notes in five- and 10-year year tranches on Friday, according to a market source.
The sale included $750 million of 2.2% notes due 2019 priced with a spread of Treasuries plus 57 basis points, or 99.806 to yield 2.241%.
There was also $500 million of 3.4% 10-year notes sold at 99.949 to yield 3.406%.
The notes sold at Treasuries plus 82 bps.
BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., RBS Securities Inc. were the bookrunners.
Both tranches sold at the tight end of talk.
BNY Mellon is a New York-based financial services company.
| Issuer: | Bank of New York Mellon Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Joint bookrunners: | BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co., RBS Securities Inc.
|
| Trade date: | May 2
|
| Settlement date: | May 7
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Fitch: AA-
|
| Distribution: | SEC-registered
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | May 15, 2019
|
| Coupon: | 2.2%
|
| Price: | 99.806
|
| Yield: | 2.241%
|
| Spread: | Treasuries plus 57 bps
|
| Price talk: | Treasuries plus 60 bps area
|
|
|
| 10-year notes
|
| Amount: | $500 million
|
| Maturity: | May 15, 2024
|
| Coupon: | 3.4%
|
| Price: | 99.949
|
| Yield: | 3.406%
|
| Spread: | Treasuries plus 82 bps
|
| Price talk: | Treasuries plus 85 bps area
|
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