By Cristal Cody
Tupelo, Miss., May 22 – Bank of New York Mellon Corp. sold $800 million of series G senior medium-term notes (A1/A+/AA-) in two tranches on Friday, according to FWP filings with the Securities and Exchange Commission.
In the first tranche, $300 million of three-year floating-rate senior notes priced at Libor plus 38 basis points.
Bank of New York Mellon sold $500 million of 1.6% three-year fixed-rate senior notes at 99.991 to yield 1.603%, or a spread of 60 bps over Treasuries.
Goldman Sachs & Co. was the bookrunner.
Bank of New York Mellon is a financial products and services company based in New York.
| Issuer: | Bank of New York Mellon Corp.
|
| Amount: | $800 million
|
| Securities: | Senior medium-term notes
|
| Bookrunner: | Goldman Sachs & Co.
|
| Trade date: | May 22
|
| Settlement date: | May 29
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A+
|
| Fitch: AA-
|
| Distribution: | SEC registered
|
|
|
| Floating-rate notes
|
| Amount: | $300 million
|
| Maturity: | May 22, 2018
|
| Coupon: | Libor plus 38 bps
|
|
|
| Fixed-rate notes
|
| Amount: | $500 million
|
| Maturity: | May 22, 2018
|
| Coupon: | 1.6%
|
| Price: | 99.991
|
| Yield: | 1.603%
|
| Spread: | Treasuries plus 60 bps
|
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