BNY Announces Redemption of 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes Due 2026

Rhea-AI Summary

BNY Mellon (NYSE: BK) has announced the early redemption of its $500 million 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes. The notes, originally due in May 2026, will be redeemed on May 22, 2025 at 100% of their principal amount plus accrued and unpaid interest. After the redemption date, these notes will cease to be outstanding and will no longer accrue interest. The redemption payment will be processed through The Depository Trust Company.

Positive

• Early redemption of $500 million in notes demonstrates strong financial position and liquidity
• Redemption at 100% of principal amount ensures noteholders receive full value

Negative

• None.

NEW YORK, May 15, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that The Bank of New York Mellon, its wholly-owned subsidiary, will redeem all of its issued and outstanding 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes due May 22, 2026 (CUSIP: 06405LAD3) (the "Notes"). The Notes have an aggregate principal amount of $500,000,000.

The redemption date for the Notes is May 22, 2025 (the "Redemption Date"). The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date (the "Redemption Price").

On and after the Redemption Date, the Notes will no longer be deemed outstanding and interest will no longer accrue on such securities.

Payment of the Redemption Price will be made through the facilities of The Depository Trust Company.

About BNY
BNY is a global financial services company that helps make money work for the world – managing it, moving it, and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of March 31, 2025, BNY oversees $53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

Contacts:

Media                                                             
Garrett Marquis
+1 949 683 1503
garrett.marquis@bny.com 

Analysts
Marius Merz
+1 212 298 1480
marius.merz@bny.com 

 

View original content:https://www.prnewswire.com/news-releases/bny-announces-redemption-of-5-148-fixed-rate--floating-rate-callable-senior-bank-notes-due-2026--302456511.html

SOURCE BNY

FAQ

What is BNY Mellon (BK) redeeming in May 2025?

BNY Mellon is redeeming $500 million of 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes that were originally due in May 2026.

What is the redemption price for BNY Mellon's (BK) 2026 notes?

The notes will be redeemed at 100% of their principal amount plus any accrued and unpaid interest up to, but excluding, the May 22, 2025 redemption date.

When will BNY Mellon (BK) stop paying interest on the redeemed notes?

Interest will cease to accrue on the notes after the redemption date of May 22, 2025.

How will BNY Mellon (BK) process the redemption payment?

The redemption payment will be processed through the facilities of The Depository Trust Company.