By Cristal Cody
Eureka Springs, Ark., Oct. 24 – Bank of New York Mellon Corp. priced $1.25 billion of floating-rate senior medium-term notes, series I, and fixed-rate senior subordinated medium-term notes, series J, on Monday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.
The bank sold $750 million seven-year floating-rate notes at Libor plus 105 basis points.
Bank of New York Mellon priced $500 million of 3% 12-year notes at a spread of Treasuries plus 125 bps.
Both series of notes will have par calls.
Barclays, BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and UBS Securities LLC were the bookrunners.
Bank of New York Mellon is a financial products and services company based in New York.
| Issuer: | Bank of New York Mellon Corp.
|
| Amount: | $1.25 billion
|
| Bookrunners: | Barclays, BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC
|
| Trade date: | Oct. 24
|
| Distribution: | SEC registered
|
|
|
| Seven-year floaters
|
| Amount: | $750 million
|
| Description: | Senior medium-term floating-rate notes
|
| Maturity: | Oct. 30, 2023
|
| Coupon: | Libor plus 105 bps
|
|
|
| 12-year notes
|
| Amount: | $500 million
|
| Description: | Senior subordinated medium-term notes
|
| Maturity: | Oct. 30, 2028
|
| Coupon: | 3%
|
| Spread: | Treasuries plus 125 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
