The Bank of New York’s $2 Billion Offering

Cleary Gottlieb represented the underwriters in The Bank of New York’s offering of $1 billion floating-rate callable senior medium-term bank notes due 2028, $600 million 4.582% fixed-rate/floating-rate callable senior medium-term bank notes due 2029, and $400 million floating-rate callable senior medium-term bank notes due 2029.

The underwriters for the offering were BofA Securities Inc., Citigroup Global Markets Inc., Wells Fargo Securities LLC, Samuel A. Ramirez & Company Inc., and BNY Mellon Capital Markets, LLC. The transaction priced on August 17, 2026, and is expected to settle on August 24, 2026.

The Bank of New York 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.

The Cleary corporate team included partners Manuel Silva and Jeff Karpf, counsel Elizabeth Chang, and associates Marc Chien and Madeline Byers.