-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.
((Comments on this story may be sent to firstname.lastname@example.org))
|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.|