BNY prices $1.25 billion depositary share offering

Bitget2026/10/19 22:16

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BNY priced a $1.25 billion public offering of 1,250,000 depositary shares at $1,000 each.
Each depositary share represents a 1/100th interest in Series O Noncumulative Perpetual Preferred Stock.
Dividends accrue at 7.13% until December 20, 2031, then reset to the five-year Treasury rate plus 2.19%.
The preferred stock is redeemable at BNY’s option starting December 20, 2031, at $1,000 per depositary share, excluding declared unpaid dividends.
The offering is expected to close October 28, 2026, with net proceeds intended for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Bank of New York Mellon Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610191815PR_NEWS_USPR_____NY76012) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BNY prices $1.25 billion depositary share offering

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