BNY Mellon Announces Redemption of 2.600% Senior Notes Due 2022

Rhea-AI Summary

BNY Mellon has announced the redemption of all 2.600% Senior Notes due February 7, 2022, with a total principal amount of $1.25 billion. The redemption is scheduled for January 13, 2022, at 100% of the principal plus accrued interest. Following this date, the Notes will no longer be outstanding, and interest will cease to accrue. BNY Mellon continues to serve clients globally, managing $45.3 trillion in assets under custody and $2.3 trillion in assets under management as of September 30, 2021.

Positive

• Successful redemption of $1.25 billion Senior Notes enhances financial flexibility.
• BNY Mellon continues to manage substantial assets, indicating strong market position.

Negative

• None.

NEW YORK, Jan. 3, 2022 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY Mellon") today announced that it will redeem all of the issued and outstanding 2.600% Senior Notes due February 7, 2022 (CUSIP 06406RAA5) (the "Notes"). The Notes have an aggregate principal amount of $1,250,000,000.

The redemption date for the Notes is January 13, 2022 (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 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 Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 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                                                        
Garrett Marquis                                            
+1 949 683 1503   
garrett.marquis@bnymellon.com             

Analysts
Marius Merz
+1 212 298 1480  
marius.merz@bnymellon.com

View original content:https://www.prnewswire.com/news-releases/bny-mellon-announces-redemption-of-2-600-senior-notes-due-2022--301452045.html

SOURCE BNY Mellon

FAQ

When will BNY Mellon redeem the 2.600% Senior Notes?

BNY Mellon will redeem the 2.600% Senior Notes on January 13, 2022.

What is the total principal amount of the Senior Notes being redeemed by BNY Mellon?

The total principal amount of the Senior Notes being redeemed is $1.25 billion.

What happens to the Senior Notes after the redemption date?

After the redemption date, the Senior Notes will no longer be outstanding and interest will cease to accrue.

How much assets does BNY Mellon manage?

As of September 30, 2021, BNY Mellon had $2.3 trillion in assets under management.