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-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 http://www.m2.com

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.

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Publication:M2 Banking & Credit News (BCN)
Date:Jul 22, 2011
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