BNY Announces Redemption of Fixed Rate / Floating Rate Callable Senior Notes Due 2026
BNY Mellon (NYSE: BK) announced the redemption of its 4.414% Fixed Rate / Floating Rate Callable Senior Notes due July 24, 2026.
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Rhea-AI Summary
BNY Mellon (NYSE: BK) announced the redemption of its 4.414% Fixed Rate / Floating Rate Callable Senior Notes due July 24, 2026. The redemption covers the entire outstanding amount of $1.25 billion in principal. The redemption will occur on July 24, 2025, with noteholders receiving 100% of the principal amount plus accrued and unpaid interest up to the redemption date.
After the redemption date, the Notes will cease to be outstanding and will no longer accrue interest. The redemption payment will be processed through The Depository Trust Company.
Positive
- None.
Negative
- Reduction in long-term debt financing could impact capital structure
Details
News Market Reaction – BK
The recorded move for BK in the trading session of this news was +2.54%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The redemption date for the Notes is July 24, 2025 (the "Redemption Date"). The redemption price for the Notes will equal
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
BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in
Contacts:
Media
Anneliese Diedrichs
+44 7930 135 524
anneliese.diedrichs@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-fixed-rate--floating-rate-callable-senior-notes-due-2026-302507621.html
SOURCE BNY
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