BNY Announces Redemption of Fixed Rate / Floating Rate Callable Senior Bank Notes Due 2027, Floating Rate Callable Senior Bank Notes Due 2027 and Fixed Rate / Floating Rate Callable Senior Notes Due 2027

Rhea-AI Summary

BNY (NYSE: BK) will redeem all issued and outstanding series of 2027 callable senior bank notes and senior notes in April 2026. Bank Notes (CUSIPs 06405LAF8, 06405LAG6) will be redeemed April 20, 2026; Senior Notes (CUSIP 06406RBQ9) will be redeemed April 26, 2026.

The aggregate principal amounts are $750,000,000 (Fixed/Floating Bank Notes), $500,000,000 (Floating Bank Notes) and $1,500,000,000 (Senior Notes). Each series will be redeemed at 100% of principal plus accrued interest; payments via The Depository Trust Company. Senior Notes payment occurs April 27, 2026.

Positive

• Redeems a total of $2.75 billion of notes
• Each series redeemed at 100% of principal
• Interest stops accruing on redemption dates

Negative

• Requires $2.75 billion cash redemption outflow in April 2026
• Senior Notes cash payment occurs the business day after redemption

News Market Reaction – BK

+1.25%

+1.25% Session close to close

In the Apr 13 session, BK gained 1.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement outlines BNY’s plan to redeem three note series totaling $2.75 billion in principa...

Analysis

This announcement outlines BNY’s plan to redeem three note series totaling $2.75 billion in principal at 100% of face value plus accrued interest in April 2026. It highlights ongoing balance sheet management rather than a shift in core strategy. In context of recent partnership and fund-distribution news with generally positive price follow-through, investors may watch how capital structure decisions, funding costs, and broader bank-sector conditions evolve around these redemption dates.

Key Figures

Fixed/Floating Bank Notes Coupon: 4.587% Senior Notes Coupon: 4.947% Fixed/Floating Bank Notes Principal: $750,000,000 +5 more

8 metrics

Fixed/Floating Bank Notes Coupon 4.587% Fixed Rate / Floating Rate Callable Senior Bank Notes due April 20, 2027

Senior Notes Coupon 4.947% Fixed Rate / Floating Rate Callable Senior Notes due April 26, 2027

Fixed/Floating Bank Notes Principal $750,000,000 Aggregate principal amount of 4.587% Fixed Rate / Floating Rate Bank Notes

Floating Bank Notes Principal $500,000,000 Aggregate principal amount of Floating Rate Callable Senior Bank Notes

Senior Notes Principal $1,500,000,000 Aggregate principal amount of 4.947% Fixed Rate / Floating Rate Senior Notes

Redemption Price 100% of principal Each series redeemed at par plus accrued and unpaid interest

Bank Notes Redemption Date April 20, 2026 Redemption date for both Bank Notes series

Senior Notes Redemption Date April 26, 2026 Redemption date for Senior Notes; payment on April 27, 2026

Historical Context

5 past events · Latest: Apr 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 07	Banking partnership	Positive	+0.8%	Singapore Gulf Bank joined BNY’s correspondent network and fixed-income platform.
Apr 07	Banking partnership	Positive	+0.8%	Details on Singapore Gulf Bank onboarding to BNY’s network and brokerage platform.
Apr 02	Fund distribution	Positive	+1.2%	Municipal Bond Infrastructure Fund declared a monthly distribution of $0.0420 per share.
Apr 02	Annual meeting	Neutral	+1.0%	Announcement of the 2026 virtual annual stockholder meeting and participation details.
Mar 30	Fund distributions	Positive	+3.0%	Two municipal closed-end funds declared monthly distributions payable April 30, 2026.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent company news items have generally coincided with modestly positive next-day price reactions.

Recent Company History

Over the past few weeks, BNY’s headlines focused on network expansion, fund distributions, and corporate governance. On Mar 30, municipal closed-end fund distributions saw shares up 3%. On Apr 2, its annual meeting announcement and a municipal bond fund distribution coincided with gains of 0.96% and 1.23%. The April 7 correspondent banking partnership with Singapore Gulf Bank aligned with a 0.8% move. Against this backdrop, the notes redemption announcement fits a pattern of steady balance sheet and franchise updates.

Key Terms

fixed rate, floating rate, callable senior bank notes, senior notes, +3 more

7 terms

fixed rate financial

"4.587% Fixed Rate / Floating Rate Callable Senior Bank Notes due April 20, 2027"

A fixed rate is an interest percentage or return that does not change for the life of a loan, bond, deposit, or other financial contract, giving predictable payments or income like a lease with the same rent each month. For investors it matters because it locks in earnings or costs regardless of market swings, helping with budgeting and risk control but potentially missing out if market rates rise.

floating rate financial

"4.587% Fixed Rate / Floating Rate Callable Senior Bank Notes due April 20, 2027"

An interest rate on a loan, bond or deposit that is not fixed but resets at regular intervals based on a reference market rate plus a set margin, so the payments rise or fall as overall interest rates change. For investors, floating-rate instruments act like a weather vane: they can protect income when rates climb by increasing payouts, but they introduce unpredictable cash flow and price movement when rates fall or shift, affecting expected yield and valuation.

callable senior bank notes financial

"4.587% Fixed Rate / Floating Rate Callable Senior Bank Notes due April 20, 2027"

Callable senior bank notes are debt securities issued by a bank that have priority over other debts for repayment (senior) and include a feature allowing the bank to repay them before their stated maturity date (callable). For investors, that priority reduces the chance of loss if the bank is in trouble, while the call feature can shorten how long you hold the investment and lower expected returns because the issuer may repay when interest rates fall, creating reinvestment and interest-rate risk—think of lending someone money who can choose to pay you back early.

senior notes financial

"4.947% Fixed Rate / Floating Rate Callable Senior Notes due April 26, 2027"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

redemption price financial

"Each series of Bank Notes will be redeemed for a redemption price equal to 100%"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

CUSIP financial

"due April 20, 2027 (CUSIP 06405LAF8) (the "Fixed Rate / Floating Rate Bank Notes")"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

The Depository Trust Company financial

"Payment of the applicable redemption price for each series of Notes will be made through the facilities of The Depository Trust Company."

The Depository Trust Company is a large organization that safely manages and keeps electronic records of ownership for stocks, bonds, and other securities. It acts like a digital warehouse, making it easier and faster for investors to buy, sell, and transfer investments without needing physical paper certificates. This helps ensure transactions are secure, accurate, and completed smoothly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, April 13, 2026 /PRNewswire/ -- The Bank of New York Mellon Corporation (NYSE: BK) ("BNY"), 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 4.587% Fixed Rate / Floating Rate Callable Senior Bank Notes due April 20, 2027 (CUSIP 06405LAF8) (the "Fixed Rate / Floating Rate Bank Notes") and all of its issued and outstanding Floating Rate Callable Senior Bank Notes due April 20, 2027 (CUSIP 06405LAG6) (the "Floating Rate Bank Notes", and together with the Fixed Rate / Floating Rate Bank Notes, the "Bank Notes") on April 20, 2026 (the "Bank Notes Redemption Date") and that The Bank of New York Mellon Corporation will redeem all of its issued and outstanding 4.947% Fixed Rate / Floating Rate Callable Senior Notes due April 26, 2027 (CUSIP 06406RBQ9) (the "Senior Notes", and together with the Bank Notes, the "Notes") on April 26, 2026 (the "Senior Notes Redemption Date"). The Fixed Rate / Floating Rate Bank Notes have an aggregate principal amount of $750,000,000, the Floating Rate Bank Notes have an aggregate principal amount of $500,000,000 and the Senior Notes have an aggregate principal amount of $1,500,000,000.

Each series of Bank Notes will be redeemed for a redemption price equal to 100% of the principal amount of such series of Bank Notes plus any accrued and unpaid interest thereon to, but excluding, the Bank Notes Redemption Date. On and after the Bank Notes Redemption Date, the Bank Notes will no longer be deemed outstanding and interest will no longer accrue on such securities.

The Senior Notes will be redeemed for a redemption price equal to 100% of the principal amount of the Senior Notes plus any accrued and unpaid interest thereon to, but excluding, the Senior Notes Redemption Date. On and after the Senior Notes Redemption Date, the Senior Notes will no longer be deemed outstanding and interest will no longer accrue on such securities. The payment of the redemption price for the Senior Notes will be made on April 27, 2026, the first business day following the Senior Notes Redemption Date.

Payment of the applicable redemption price for each series of Notes will be made through the facilities of The Depository Trust Company.

About BNY
BNY is a global financial services platforms company at the heart of the world's capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. 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. As of December 31, 2025, BNY oversees $ 59.3 trillion in assets under custody and/or administration and $2.2 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 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

Anneliese Diedrichs
+1 646 468 6026
anneliese.diedrichs@bny.com

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

 

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SOURCE BNY

FAQ

What is BNY (BK) redeeming on April 20 and April 26, 2026?

BNY will redeem its specified 2027 callable Bank Notes on April 20, 2026 and Senior Notes on April 26, 2026. According to the company, each series will be redeemed at 100% of principal plus accrued interest and cease accruing interest after redemption.

How much principal will BNY (BK) redeem across all 2027 note series?

BNY will redeem an aggregate $2.75 billion of outstanding notes in April 2026. According to the company, amounts are $750M, $500M, and $1.5B for the three respective series.

When will interest stop accruing on BNY (BK) redeemed notes?

Interest will stop accruing on each series on its redemption date: April 20, 2026 for Bank Notes and April 26, 2026 for Senior Notes. According to the company, interest accrual ends to, but excluding, the redemption date.

What payment timing should holders of BNY (BK) Senior Notes expect?

Holders should expect the Senior Notes redemption price paid on April 27, 2026, the first business day after redemption. According to the company, payment will be made through The Depository Trust Company facilities.

Which CUSIPs correspond to the BNY (BK) notes being redeemed in April 2026?

The redeemed Bank Notes have CUSIPs 06405LAF8 and 06405LAG6; the Senior Notes are 06406RBQ9. According to the company, these specific series will be fully redeemed in April 2026.

Will BNY (BK) pay a premium above principal on the April 2026 redemptions?

No, each series will be redeemed at 100% of principal plus any accrued and unpaid interest, not at a premium. According to the company, the stated redemption price equals full principal repayment before accrued interest.