BNY Mellon Announces Redemption of $1.25 Billion Senior Notes

Bank of New York Mellon Corp (BK) announced the redemption of its $1.25 billion 4.414% Fixed Rate / Floating Rate Callable Senior Notes due July 24, 2026. The notes will be redeemed on July 24, 2025, at a redemption price equal to 100% of the principal amount plus accrued interest. This move reflects BNY Mellon's commitment to optimizing its financial structure and enhancing shareholder value.

Bank of New York Mellon Corp (BK) has announced the redemption of its $1.25 billion 4.414% Fixed Rate / Floating Rate Callable Senior Notes due July 24, 2026. The notes will be redeemed on July 24, 2025, at a redemption price equal to 100% of the principal amount plus accrued interest. This move reflects BNY Mellon's commitment to optimizing its financial structure and enhancing shareholder value [1].

The redemption date for the Notes is July 24, 2025, and the redemption price for the Notes will be 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date. Payment of the Redemption Price will be made through the facilities of The Depository Trust Company [1].

This strategic move comes amidst BNY Mellon's strong financial performance. In its second quarter of 2025, BNY Mellon reported a 9% year-over-year revenue increase, surpassing $5 billion for the first time in a quarter. The company achieved a pre-tax margin of 37% and a return on tangible common equity (ROTCE) of 28% [2][3].

The company's robust financial position is further evidenced by its assets under custody and administration (AUC/A) growing by 13% to $55.8 trillion, and assets under management (AUM) increasing by 3% to $2.1 trillion. BNY Mellon's strategic transformation initiatives have led to improved service quality and operational efficiency, positioning the company well for various economic scenarios [3].

The redemption of these notes is part of BNY Mellon's ongoing efforts to streamline its financial structure and enhance shareholder value. The company's diversified business model and strategic initiatives aimed at enhancing client value and shareholder returns are expected to continue driving its growth momentum [3].

References:

[1] https://www.morningstar.com/news/pr-newswire/20250717ny32214/bny-announces-redemption-of-fixed-rate-floating-rate-callable-senior-notes-due-2026
[2] https://www.theglobeandmail.com/investing/markets/stocks/BK/pressreleases/33432675/bny-mellon-reports-strong-q2-2025-financial-results/
[3] https://www.theglobeandmail.com/investing/markets/stocks/BK/pressreleases/33453629/bny-mellon-reports-strong-q2-2025-earnings-growth/