Bank of New York Mellon talks bonds in three parts for Monday pricing

By Andrea Heisinger

New York, March 4 - The Bank of New York Mellon Corp. plans to sell notes (Aa3/A+/AA-) in three tranches Monday, a source close to the trade said.

The offering includes a three-year floating-rate note, a three-year fixed-rate note and a five-year note. The three-year maturity is being talked in the 50 basis points area, with the three-year floater having guidance at the Libor equivalent. The five-year note has guidance in the low 70 bps area.

Barclays, BNY Mellon Capital Markets LLC, Citigroup Global Markets Inc. and Goldman Sachs & Co. are the bookrunners.

BNY was last in the U.S. bond market with a $1.5 billion sale in three tranches on Oct. 18, 2012. That offering included a 0.7% three-year note priced at 33 bps over Treasuries and a 1.3% five-year note sold at 55 bps over Treasuries.

The financial services company is based in New York City.

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