BNY Mellon Announces Redemption of 3.55% Senior Notes Due 2021
BNY Mellon announced its plan to redeem all 3.55% Senior Notes due September 23, 2021, totaling $1.5 billion.
Sentiment and the balance of points
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Rhea-AI Summary
BNY Mellon announced its plan to redeem all 3.55% Senior Notes due September 23, 2021, totaling $1.5 billion. The redemption date is set for August 23, 2021, where bondholders will receive the full principal plus accrued interest. After this date, the Notes will no longer be outstanding, and interest will cease to accrue. BNY Mellon manages $45 trillion in assets under custody and $2.3 trillion in assets under management as of June 30, 2021.
Positive
- Plan to redeem $1.5 billion in Senior Notes indicates strong liquidity.
- No additional interest obligations post-redemption improve financial flexibility.
Negative
- None.
Details
News Market Reaction – BK
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NEW YORK, July 22, 2021 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") today announced that it will redeem all of the issued and outstanding
The redemption date for the Notes is August 23, 2021 (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 MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of June 30, 2021, BNY Mellon had
Contacts:
Media
Erin Smith
+1 212 815 7170
erin.smith@bnymellon.com
Analysts
Marius Merz
+1 212 298 1480
mariuz.merz@bnymellon.com
View original content:https://www.prnewswire.com/news-releases/bny-mellon-announces-redemption-of-3-55-senior-notes-due-2021--301338870.html
SOURCE BNY Mellon
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