BNY prices public offering of $1.25 billion preferred depositary shares
FROM THE WIRE · FINANCE.YAHOO.COM
NEW YORK, Oct. 19, 2026 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BNY), a global financial services company, today announced that it priced an underwritten public offering of 1,250,000 depositary shares, each representing a 1/100th interest in a…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large bank preferred issuance, relevant for the banking sector but routine in nature.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01BNY priced 1,250,000 depositary shares of Series O preferred at $1,000 each.
- 02Dividends accrue at 7.125% per year until December 20, 2031.
- 03After that date the rate resets to the five-year treasury rate.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets