BNY Announces $500 Million Public Offering of Depositary Shares Representing Preferred Stock
The Bank of New York Mellon Corporation (NYSE: BNY) announced a public offering of 500,000 depositary shares representing interests in its Series N Noncumulative Perpetual Preferred Stock. The offering is priced at $1,000 per share with an aggregate value of $500 million and features dividend rates tied to treasury yields.
