The Bank of New York Mellon’s $500 Million Offering

May 17, 2023

Cleary Gottlieb represented the underwriters in The Bank of New York Mellon’s offering of $500 million 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes due 2026.

The notes were offered under the exemption from registration under Section 3(a)(2) of the Securities Act. The underwriters for the offering were Academy Securities, Inc., Loop Capital Markets LLC, R. Seelaus & Co., LLC, Samuel A. Ramirez & Company, Inc., and Siebert Williams Shank & Co., LLC. The transaction priced on May 17, 2023, and is expected to settle on May 24, 2023.

This will be the first notes issuance for a global systemically important bank, and for The Bank of New York Mellon Corporation, led entirely by minority, veteran-, and woman-owned firms as bookrunners, roles typically taken on by large global financial institutions.

The Bank of New York Mellon is a wholly-owned subsidiary of The Bank of New York Mellon Corporation, 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.

For more information, please see the press release here.