NEW
YORK, March 5, 2025 /PRNewswire/ -- The Bank of
New York Mellon Corporation ("BNY") (NYSE: BK), a global financial
services company, today announced that The Bank of New York Mellon,
its wholly-owned subsidiary, will redeem all of its issued and
outstanding Floating Rate Callable Senior Bank Notes due
March 13, 2026 (CUSIP: 06405LAE1)
(the "Notes"). The Notes have an aggregate principal amount of
$500,000,000.
The redemption date for the Notes is March 13, 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 to
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 December 31, 2024, BNY
oversees $52.1 trillion in assets
under custody and/or administration and $2.0
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 employs over 50,000 people
globally and 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
Garrett Marquis
+1 949 683 1503
garrett.marquis@bny.com
Analysts
Marius
Merz
+1 212 298 1480
marius.merz@bny.com
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SOURCE BNY
