NEW YORK, March 17, 2025 /PRNewswire/ — The Financial institution of New York Mellon Company (“BNY”) (NYSE: BK), a worldwide monetary providers firm, at this time introduced that it’ll redeem all the issued and excellent Floating Fee Senior Notes due April 25, 2025 (CUSIP 06406RBE6) (the “Notes”). The Notes have an combination principal quantity of $400,000,000.
The redemption date for the Notes is March 25, 2025 (the “Redemption Date”). The redemption value for the Notes will equal 100% of the principal quantity of the Notes plus any accrued and unpaid curiosity thereon to, however excluding, the Redemption Date (the “Redemption Worth”).
On and after the Redemption Date, the Notes will now not be deemed excellent and curiosity will now not accrue on such securities.
Cost of the Redemption Worth might be made by way of the amenities of The Depository Belief Firm.
About BNY
BNY is a worldwide monetary providers firm that helps earn money work for the world – managing it, shifting it and preserving it secure. For greater than 240 years BNY has partnered alongside shoppers, placing its experience and platforms to work to assist them obtain their ambitions. As we speak BNY helps over 90% of Fortune 100 corporations and almost all the highest 100 banks globally to entry the cash they want. BNY helps governments in funding native tasks and works with over 90% of the highest 100 pension plans to safeguard investments for tens of millions of people, and a lot extra. As of December 31, 2024, BNY oversees $52.1 trillion in property underneath custody and/or administration and $2.0 trillion in property underneath administration.
BNY is the company model of The Financial institution of New York Mellon Company (NYSE: BK). Headquartered in New York Metropolis, BNY employs over 50,000 folks globally and has been named amongst Fortune’s World’s Most Admired Corporations and Quick Firm’s Greatest Workplaces for Innovators. Further info is obtainable on www.bny.com. Comply with on LinkedIn or go to the BNY Newsroom for the newest firm information.
Contacts:
Media
Garrett Marquis
+1 949 683 1503
garrett.marquis@bny.com
Analysts
Marius Merz
+1 212 298 1480
marius.merz@bny.com
SOURCE BNY
Reference :
https://www.bny.com/content material/bnymellon/world/en/about-us/newsroom/press-release/bny-announces-redemption-of-floating-rate-senior-notes-due-2025-130426.html