By Cady Vishniac
Detroit, Jan. 21 – Bank of New York Mellon Corp. has priced $700 million of 0.75% series J senior medium-term notes due Jan. 28, 2026 at 99.785 and $500 million of 1.65% series J senior medium-term notes due Jan. 28, 2031 (A1/A/AA-/DBRS: AA) at 99.963, according to FWPs filed with the Securities and Exchange Commission.
The first tranche, the 2026 notes, priced with a 0.794% yield and a spread of Treasuries plus 35 basis points.
The 2026 notes are redeemable at par plus unpaid interest to the date of redemption after Dec. 29, 2025.
The longer-dated second tranche of 2031 notes priced with a yield of 1.654% and a spread of Treasuries plus 55 bps.
The notes are redeemable at par plus interest after Oct. 28, 2030.
Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC and BNY Mellon Capital Markets, 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: | $1.2 billion
|
| Securities: | Senior medium-term notes, series J
|
| Bookrunners: | Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC and BNY Mellon Capital Markets, LLC
|
| Co-managers: | Academy Securities, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc., Great Pacific Securities and Loop Capital Markets LLC
|
| Trade date: | Jan. 21
|
| Settlement date: | Jan. 28
|
| Ratings: | Moody’s: A1
|
| S&P: A
|
| Fitch: AA-
|
| DBRS: AA
|
| Distribution: | SEC registered
|
|
|
| 2026 notes
|
| Amount: | $700 million
|
| Maturity: | Jan. 28, 2026
|
| Coupon: | 0.75%
|
| Price: | 99.785
|
| Yield: | 0.794%
|
| Spread: | Treasuries plus 35 bps
|
| Call: | Callable at par plus interest beginning Dec. 19, 2025
|
|
|
| 2031 notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 28, 2031
|
| Coupon: | 1.65%
|
| Price: | 99.963
|
| Yield: | 1.654%
|
| Spread: | Treasuries plus 55 bps
|
| Call: | Callable at par plus interest beginning Oct. 28, 2030
|
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