The Bank of New York's $1.55 Billion Notes Offering

Cleary Gottlieb represented the underwriters in The Bank of New York’s registered offering of $1.25 billion 4.026% fixed-rate/floating-rate callable senior medium-term notes Series J due 2030, and $300 million floating-rate callable senior medium-term notes Series J due 2030.

The underwriters for the offering were Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Loop Capital Markets LLC, and BNY Mellon Capital Markets, LLC. The transaction priced on January 14, 2026, and is expected to settle on January 22, 2026.

The Bank of New York 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.

The Cleary corporate team included partners Manuel Silva and Jeff Karpf and associates Marc Chien and Grady Tarplee. Partner Matthew Brigham and associate Adrianna Duggan advised on tax matters. Partners Hugh Conroy and Lauren Semrad and associate Andrew Lindsay advised on bank regulatory matters.