BNY prices USD 500 million preferred stock depositary share offering

Bank of New York Mellon Corp

Bank of New York Mellon Corp

BNY

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  • BNY priced a USD 500 million public offering of depositary shares linked to its Series N noncumulative perpetual preferred stock.
  • Deal covers 500,000 depositary shares priced at USD 1,000 each; each represents a 1/100 interest in a preferred share.
  • Dividends set at 6.15% until Sept. 20, 2031; reset thereafter to the five-year Treasury rate plus 1.868%.
  • Issuer may redeem starting Sept. 20, 2031 at USD 1,000 per depositary share, plus declared and unpaid dividends.
  • Closing expected July 23, 2026; proceeds earmarked for general corporate purposes.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Bank of New York Mellon Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607161559PR_NEWS_USPR_____NY06601) on July 16, 2026, and is solely responsible for the information contained therein.

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