BNY Mellon (NYSE: BNY) sells $2.5B callable fixed/floating notes due 2030-2034
Rhea-AI Filing Summary
The Bank of New York Mellon Corporation issued three tranches of senior notes on August 12, 2026. These include $300,000,000 of Floating Rate Callable Senior Medium-Term Notes Series J due 2030, $1,200,000,000 of 4.755% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2030, and $1,000,000,000 of 5.182% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2034. The notes were issued under an effective Form S-3 registration statement. A legal opinion and related consent from Sullivan & Cromwell LLP were filed as exhibits and incorporated by reference into that registration.
Positive
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Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
2030 Floating Rate Notes: $300,000,000 aggregate principal amount
2030 Fixed/Floating Notes: $1,200,000,000 aggregate principal amount
2034 Fixed/Floating Notes: $1,000,000,000 aggregate principal amount
+3 more
6 metrics
2030 Floating Rate Notes
$300,000,000 aggregate principal amount
Floating Rate Callable Senior Medium-Term Notes Series J due 2030
2030 Fixed/Floating Notes
$1,200,000,000 aggregate principal amount
4.755% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2030
2034 Fixed/Floating Notes
$1,000,000,000 aggregate principal amount
5.182% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J due 2034
Coupon Rate 2030 Fixed/Floating
4.755%
Fixed rate on Series J Fixed Rate / Floating Rate Notes due 2030
Coupon Rate 2034 Fixed/Floating
5.182%
Fixed rate on Series J Fixed Rate / Floating Rate Notes due 2034
Common Stock Par Value
$0.01 par value
Common Stock listed on the New York Stock Exchange
Key Terms
Floating Rate Callable Senior Medium-Term Notes, Fixed Rate / Floating Rate Callable Senior Medium-Term Notes, registration statement on Form S-3, Depositary Shares, +1 more
5 terms
Floating Rate Callable Senior Medium-Term Notes financial
"its Floating Rate Callable Senior Medium-Term Notes Series J due 2030"
Fixed Rate / Floating Rate Callable Senior Medium-Term Notes financial
"its 4.755% Fixed Rate / Floating Rate Callable Senior Medium-Term Notes Series J"
registration statement on Form S-3 regulatory
"registered under the Securities Act of 1933, as amended, pursuant to a registration statement on Form S-3"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
Inline XBRL technical
"Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What new notes did The Bank of New York Mellon Corporation (BNY) issue on August 12, 2026?
The Bank of New York Mellon Corporation issued $300M floating rate notes due 2030, $1.2B 4.755% fixed/floating notes due 2030, and $1.0B 5.182% fixed/floating notes due 2034 as senior medium-term notes.
What is the total principal amount of notes issued by BNY on this 8-K date?
The total aggregate principal amount of notes issued is $2.5 billion. This consists of $300 million floating rate notes, $1.2 billion 4.755% fixed/floating notes, and $1.0 billion 5.182% fixed/floating notes, all under the Series J medium-term note program.
What interest rates apply to BNY’s new fixed/floating notes due 2030 and 2034?
The Series J notes due 2030 carry a 4.755% fixed rate before switching to a floating rate, while the Series J notes due 2034 carry a 5.182% fixed rate before their floating component, both structured as fixed rate / floating rate callable senior notes.
Under what registration did BNY issue these Series J senior notes?
The notes were issued under a registration statement on Form S-3 (File No. 333-282710). That shelf registration, as amended, provided Securities Act coverage for the senior medium-term notes now being issued.
What legal opinions were filed with BNY’s 8-K for the August 2026 note issuance?
BNY filed an opinion of Sullivan & Cromwell LLP as Exhibit 5.1 and a related consent, included within that opinion, as Exhibit 23.1. These are incorporated by reference into the Form S-3 registration statement for the notes.
What types of securities does BNY list on the New York Stock Exchange?
BNY lists its common stock, 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV, and depositary shares representing Series K Noncumulative Perpetual Preferred Stock, all traded on the New York Stock Exchange.