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BNY Announces Redemption of 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes Due 2026

1. BNY will redeem $500 million callable senior bank notes by May 2025. 2. Redemption price equals 100% of principal and accrued interest. 3. BNY manages $53.1 trillion in assets, strengthening financial position. 4. This move may enhance BNY's liquidity and reduce interest obligations.

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Why Bullish?

The redemption of notes indicates strong cash flow management, lessening debt burden. Historical data show similar actions positively influenced stock prices.

How important is it?

This event is crucial for investor perception of BNY's financial health. Redeeming high-interest notes reflects proactive debt management.

Why Short Term?

The immediate effect of this redemption will be felt in the upcoming quarter. Companies typically see a short-term price hike following similar announcements.

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, /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that The Bank of New York Mellon, its wholly-owned subsidiary, will redeem all of its issued and outstanding 5.148% Fixed Rate / Floating Rate Callable Senior Bank Notes due May 22, 2026 (CUSIP: 06405LAD3) (the "Notes"). The Notes have an aggregate principal amount of $500,000,000. The redemption date for the Notes is May 22, 2025 (the "Redemption Date"). The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date (the "Redemption Price"). On and after the Redemption Date, the Notes will no longer be deemed outstanding and interest will no longer accrue on such securities. Payment of the Redemption Price will be made through the facilities of The Depository Trust Company. About BNYBNY is a global financial services company that helps make money work for the world – managing it, moving it, and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of March 31, 2025, BNY oversees $53.1 trillion in assets under custody and/or administration and $2.0 trillion in assets under management. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news. Contacts: Media                                                              Garrett Marquis+1 949 683 1503[email protected]  AnalystsMarius Merz+1 212 298 1480[email protected]  SOURCE BNY WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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