Last week, Bank of New York Mellon Corporation (NYSE:BK) announced the sale of its 10-year senior unsecured notes with maturity date on September 23, 2021 and a maturity value of $1 billion. The company would begin the settlement from September 23, 2011.
BNY Mellon sold these unsecured notes, having a coupon rate of 3.55%, at an issue price of $99.993. The interest will be paid semi-annually, with the first payment due on March 23, 2012. On maturity, the notes would yield 3.558%, along with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards