BNY Mellon’s $582.5 Million Preferred Stock Offering
October 26, 2020
Cleary Gottlieb represented the underwriters in a registered offering by The Bank of New York Mellon Corporation (BNY Mellon) of 582,500 depositary shares, each representing a 1/100th interest in a share of Series H noncumulative perpetual preferred stock ($100,000 liquidation preference per share).
The joint bookrunning managers for the offering were Citigroup, Goldman Sachs, J.P. Morgan Securities LLC, RBC Capital Markets, and BNY Mellon Capital Markets.
The offering priced on October 26, 2020, and will settle on November 3, 2020.
BNY Mellon is a global financial services company that provides financial services for institutions and high-net-worth individuals, including asset servicing, issuer services, clearing services, treasury services, investment management, and wealth management.