BNY Mellon Medium-Term Notes Issuance Led by Minority-Owned Financial Institutions
APRIL 27, 2022
BNY Mellon issued $1.7 billion of senior medium-term notes in the second quarter of 2022, notable in that minority-owned financial institutions acted as joint lead bookrunners on the deal.
Loop Capital Markets, Ramirez & Co. and Siebert Williams Shank comprised the underwriting syndicate alongside BNY Mellon Capital Markets and traditional co-bookrunners Citigroup, Deutsche Bank and RBC Capital Markets. The minority-owned financial institutions worked as co-managers on BNY Mellon’s prior issuances.
The syndicate structure of the three-tranche offering, which closed April 26, 2022 reflects BNY Mellon’s commitment to supporting a more diverse and inclusive marketplace.
“A global financial institution like BNY Mellon has a responsibility to effect change for the betterment of our industry, benefitting all participants while supporting our business objectives,” said Emily Portney, Chief Financial Officer. “The commitment we make to improving diversity, equity and inclusion at BNY Mellon extends to the markets in which we operate.”
BNY Mellon issued an aggregate principal amount of $1.7 billion of senior medium-term notes, consisting of three-year fixed rate and floating rate notes, as well as seven-year fixed rate notes.
