BNY Mellon Announces Redemption of Senior Bank Notes
On May 15, 2025, The Bank of New York Mellon Corporation (NYSE: BK), a leading player in global financial services, revealed its plan to redeem all outstanding 5.148% Fixed Rate/Floating Rate Callable Senior Bank Notes set to mature on May 22, 2026. With a total principal amount of $500 million, this move is part of BNY's strategy to optimize its financial operations and capital management.
Details of the Redemption
The redemption date is officially set for May 22, 2025, and the redemption price will be equal to 100% of the principal amount, along with any accrued and unpaid interest up to, but not including, the redemption date. Following the redemption, these notes will no longer be considered outstanding, and no further interest will accrue.
Investors holding the notes will receive payment through The Depository Trust Company, ensuring a smooth transaction process. This structured approach to debt management reflects BNY's commitment to maintaining a robust financial position while providing transparency to its investors.
About BNY Mellon
The Bank of New York Mellon, or BNY, stands at the forefront of global banking and financial services. Established over 240 years ago, BNY has a rich history of innovation and has successfully partnered with clients to manage, move, and safeguard their capital.
As of March 31, 2025, BNY oversees an impressive $53.1 trillion in assets under custody or administration and $2.0 trillion in assets under management. The institution is pivotal in facilitating financial solutions for over 90% of Fortune 100 companies and nearly all the top 100 banks worldwide. Moreover, BNY collaborates with numerous governments to fund local initiatives and works diligently to protect investments for millions through leading pension plans.
With more than 50,000 employees globally, BNY has consistently been recognized as one of Fortune's World's Most Admired Companies and as a top workplace for innovation by Fast Company. This ongoing commitment to excellence positions BNY as a trusted partner in the global financial landscape.
Conclusion
The upcoming redemption of these callable senior bank notes marks another strategic milestone for BNY, reflecting its capability to adapt and respond to market conditions effectively. Investors and stakeholders are encouraged to stay informed about BNY's evolving strategies and achievements. For more details, please visit the official
BNY website or follow the latest updates from the BNY newsroom.
This announcement highlights not just a financial transaction but also BNY's proactive approach to enhancing its operational efficiency, ensuring both the bank and its investors are well-positioned for future challenges and opportunities.