May 6, 2009 (FinancialWire) — The Bank of New York Mellon Corp. (NYSE: BK) has completed the sale of a $1.5 billion non-guaranteed senior debt offering comprised of $1 billion of five-year notes and $500 million of 10-year notes.

BK will use the proceeds for general corporate purposes, which may include the partial funding of the redemption of the company’s preferred stock and repurchase of the warrant issued to the U.S. Treasury as part of the Troubled Asset Relief Program.

Company CFO Thomas P. Gibbons said, “We are pleased with the strong investor demand for and favorable pricing of this debt offering given the current market environment.”

New York-based The Bank of New York Mellon is a financial services company operating in 34 countries and serving more than 100 markets.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.