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

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

News Market Reaction

+2.54%

1 alert

+2.54% News Effect

On the day this news was published, BK gained 2.54%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, July 17, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it will redeem all of the issued and outstanding 4.414% Fixed Rate / Floating Rate Callable Senior Notes due July 24, 2026 (CUSIP 06406RBJ5) (the "Notes"). The Notes have an aggregate principal amount of $1,250,000,000.

The redemption date for the Notes is July 24, 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 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 June 30, 2025, BNY oversees $55.8 trillion in assets under custody and/or administration and $2.1 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
+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

FAQ

What is the redemption amount for BNY Mellon's (BK) 2026 Notes?

BNY Mellon will redeem $1.25 billion in principal amount of the 4.414% Fixed Rate / Floating Rate Callable Senior Notes.

When will BNY Mellon (BK) redeem its 2026 Senior Notes?

The redemption will occur on July 24, 2025.

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

The redemption price is 100% of the principal amount plus any accrued and unpaid interest up to, but excluding, the redemption date.

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

The redemption payment will be processed through The Depository Trust Company's facilities.