The Bank of New York Mellon Corp. has raised $1 billion in a sale of senior unsecured notes, Reuters reports. Bank of New York Mellon, Deutsche Bank and Morgan Stanley were joint book runners for the deal.
The financial services company will use the proceeds for general corporate purposes, which could include the repayment of remaining debt securities, adds The Wall Street Journal. The notes carry a coupon rate of 3.55 percent and are scheduled to mature on September 23.
Click here for the story from Reuters.
Click here for additional coverage from The Wall Street Journal.
