Printer Friendly

-Bank of New York Mellon issues USD1.6bn notes.

BANKING AND CREDIT NEWS-July 22, 2011--Bank of New York Mellon issues USD1.6bn notes(C)2011 M2 COMMUNICATIONS

22 July 2011 - The Bank of New York Mellon Corp (NYSE:BK) has placed fixed-rate and floating-rate senior notes in two tranches totalling USD1.6bn (EUR1.1bn), IFR, a Thomson Reuters, said.

The lender sold USD600m floating-rate notes, with a coupon of 3-month LIBOR + 27 basis points, which mature on 28 July 2014.

Besides, the bank issued USD1bn 2.30% notes, falling due on 28 July 2016.

The floating-rate securities were issued at par, whereas the fixed-rate instruments were priced at 99.915% of principal to yield 2.318%.

The settlement date for both tranches is 28 July 2011.

Bank of New York Mellon mandated Barclays (LON:BARC), Goldman Sachs (NYSE:GS) and Royal Bank of Scotland (LON:RBS) to run the issue.

((Comments on this story may be sent to

COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Banking & Credit News (BCN)
Date:Jul 22, 2011
Previous Article:-Russia's Globexbank to finalise merger deal with National Trade Bank in Jan 2012.
Next Article:-Lynx Capital to help AuraSound with capital boost.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters