BNY Mellon to redeem $2.75B in senior notes by April 2026, ending interest accrual on these bonds.

The Bank of New York Mellon Corporation announced it will redeem all outstanding senior notes totaling $2.75 billion by April 2026. This includes $750 million in Fixed Rate/Floating Rate Callable Senior Bank Notes, $500 million in Floating Rate Callable Senior Bank Notes, and $1.5 billion in Fixed Rate/Floating Rate Callable Senior Notes. Redemption will occur at 100% of principal plus accrued interest, after which these notes will no longer accrue interest or be considered outstanding. This move reflects BNY Mellon's debt management strategy and will affect investors holding these notes as they prepare for the redemption dates in April 2026.