BNY Mellon prices $1.25B preferred stock offering with 7.125% initial dividend rate.
Bank of New York Mellon (BNY) announced a public offering of 1,250,000 depositary shares representing Series O Noncumulative Perpetual Preferred Stock, priced at $1,000 per share, raising $1.25 billion. The preferred shares carry a 7.125% annual divi...
