BNY Announces Redemption of Floating Rate Callable Senior Bank Notes Due 2026
BNY (NYSE: BK) has announced the early redemption of its Floating Rate Callable Senior Bank Notes due March 13, 2026.
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Rhea-AI Summary
BNY (NYSE: BK) has announced the early redemption of its Floating Rate Callable Senior Bank Notes due March 13, 2026. The redemption affects notes with an aggregate principal amount of $500 million.
The redemption is scheduled for March 13, 2025, with holders receiving 100% of the principal amount plus any accrued and unpaid interest up to, but excluding, the redemption date. After this date, the notes will no longer be outstanding and will cease accruing interest. The redemption payment will be processed through The Depository Trust Company.
Positive
- Early redemption of $500M debt indicates strong liquidity position
- 100% principal repayment protects noteholder value
Negative
- None.
Details
News Market Reaction – BK
The recorded move for BK in the trading session of this news was +1.19%.
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 March 13, 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
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-floating-rate-callable-senior-bank-notes-due-2026-302392706.html
SOURCE BNY
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