BNY Mellon Announces Redemption of 2.050% Senior Notes Due 2021

Rhea-AI Summary

BNY Mellon announced the redemption of its 2.050% Senior Notes due May 3, 2021, totaling $1,250,000,000. The redemption date is set for April 3, 2021, with the redemption price equal to 100% of the principal plus accrued interest. Payments will be processed on April 5, 2021. Following the redemption, the notes will no longer be outstanding, and interest will cease to accrue. As of December 31, 2020, BNY Mellon managed $41.1 trillion in assets under custody and $2.2 trillion in assets under management.

Positive

• Redemption of $1.25 billion Senior Notes enhances balance sheet liquidity.
• BNY Mellon maintains strong asset management with $41.1 trillion in custody.

Negative

• None.

NEW YORK, March 23, 2021 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") today announced that it will redeem all of the issued and outstanding 2.050% Senior Notes due May 3, 2021 (CUSIP 06406FAB9) (the "Notes"). The Notes have an aggregate principal amount of $1,250,000,000.

The redemption date for the Notes is April 3, 2021 (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.

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 on April 5, 2021, the first business day following the redemption date, 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 Dec. 31, 2020, BNY Mellon had $41.1 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contacts:

Media:
Madelyn McHugh
+1 212 635 1376
Madelyn.mchugh@bnymellon.com

Analysts:
Magda Palczynska
+1 212 635 8529
magda.palczynska@bnymellon.com

 

View original content:http://www.prnewswire.com/news-releases/bny-mellon-announces-redemption-of-2-050-senior-notes-due-2021--301253496.html

SOURCE BNY Mellon

FAQ

What is the redemption amount for BNY Mellon's Senior Notes due May 2021?

The redemption amount for BNY Mellon's Senior Notes due May 2021 is $1,250,000,000.

When is the redemption date for BNY Mellon's Senior Notes?

The redemption date for BNY Mellon's Senior Notes is April 3, 2021.

When will BNY Mellon make payment for the redeemed Senior Notes?

Payment for the redeemed Senior Notes will be made on April 5, 2021.

How much does BNY Mellon manage in assets?

As of December 31, 2020, BNY Mellon manages $2.2 trillion in assets.