BNY Mellon prices $500
million senior notes offering
NEW
YORK, May 18, 2023 /PRNewswire/ -- BNY Mellon, a
long-time supporter of building diverse and inclusive communities,
today announced The Bank of New York Mellon has priced an offering
of $500 million aggregate principal
amount of senior medium-term bank notes, with minority, veteran-
and woman-owned investment firms coming together to serve as
joint-bookrunning managers for the offering.
This will be the first notes issuance for a global systemically
important bank, and for BNY Mellon, led entirely by minority,
veteran- and woman-owned firms as bookrunners, roles typically
taken on by large global financial institutions.
"Today's announcement marks an important first in the industry,
and we are proud of this step toward advancing diversity, equity
and inclusion in capital markets," said Robin Vince, BNY Mellon President and Chief
Executive Officer. "I'd like to thank Academy Securities, Loop
Capital Markets, Ramirez & Co., Inc., R. Seelaus & Co., LLC
and Siebert Williams Shank for
leading the underwriting of our notes issuance, reaffirming the
quality of our credit, and – most importantly – collaborating with
us to help drive the industry forward."
"We were pleased to once again join forces with BNY Mellon, and
we are honored to play a role in this landmark transaction," said
Jim Reynolds, CEO of Loop Capital
Markets, which acted as an active bookrunner as well as the billing
and delivery lead underwriter for the offering.
Recent examples of BNY Mellon's commitment to supporting a more
diverse and inclusive marketplace include:
- BNY Mellon established BOLD(R) Shares, which allows
clients to make a direct social impact with their liquidity
investments, in this case helping support students of Howard University and boost retention rates. This
investing initiative has grown to over $4.3
billion in assets as of April 14,
2023.
- BNY Mellon issued $1.7 billion of
senior medium-term notes with minority-owned financial institutions
serving as joint lead bookrunners on the offering, in April 2022.
- In November 2022, eight
veteran-owned broker-dealers participated in a $750 million offering of senior bank notes.
- BNY Mellon supports community banks including South Carolina-based Optus Bank, a federally
designated Minority Depository Institution, to expand its capacity,
market reach and community reinvestment opportunities with BNY
Mellon products, services and infrastructure.
The closing of the offering is expected to occur on May 24, 2023, subject to satisfaction of
customary closing conditions.
Throughout 2023, BNY Mellon intends to continue making proactive
and deliberate efforts to include more communities in successful
commercial outcomes while driving a positive impact in society.
This company news release is for informational purposes only
and does not constitute an offer to sell, or a solicitation of an
offer to buy, any securities of The Bank of New York Mellon or The
Bank of New York Mellon Corporation.
About BNY Mellon
Established in 1784, BNY Mellon is
America's oldest bank and the first company listed on the New York
Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets
around the world through comprehensive solutions that help clients
manage and service their financial assets throughout the investment
life cycle. BNY Mellon had $46.6
trillion in assets under custody and/or administration and
$1.9 trillion in assets under
management as of March 31, 2023. BNY
Mellon has been named among Fortune's World's Most Admired
Companies and Fast Company's Best Workplaces for Innovators. BNY
Mellon is the corporate brand of The Bank of New York Mellon
Corporation. Additional information is available on
www.bnymellon.com. Follow us on LinkedIn or visit our Newsroom for
the latest company news.
MEDIA CONTACT
Rebecca Karabus
+1 203.709.0511
rebecca.karabus@bnymellon.com
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SOURCE BNY Mellon