Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Bank of New York Mellon Plans $1.5 Billion Three-Part Bonds

Bank of New York Mellon Corp., the world’s largest custody bank, is offering $1.5 billion of bonds after reporting third-quarter earnings yesterday that climbed a more-than-estimated 11 percent.

The bank may sell $600 million of three-year fixed-rate debt to yield 33 basis points more than similar-maturity Treasuries, $400 million of three-year floating-rate notes at a relative yield of 23 basis points more than the quarterly London interbank offered rate, and $500 million of securities due January 2018 at a spread of 55 basis points, according to a person familiar with the transaction.

Bank of New York last sold dollar debt in May, issuing $500 million of 1.969 percent, five-year debentures to yield 110 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg.

The new bonds may be rated Aa3 by Moody’s Investors Service and A+ by Standard & Poor’s, said the person, who asked not to be identified because terms aren’t set. Bank of New York, Morgan Stanley, Royal Bank of Scotland Group Plc, and UBS AG are managing the offering, which may be completed as soon as today.

Net income at the bank increased to $720 million, or 61 cents a share, from $651 million, or 53 cents, a year earlier, the New York-based bank said in a statement yesterday. Profit beat the 54-cent-a-share average estimate of 16 analysts surveyed by Bloomberg.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.