BNY Mellon Issues Preferred Capital Securities
Ticker: BK-PK · Form: 8-K · Filed: Jun 10, 2025 · CIK: 1390777
| Field | Detail |
|---|---|
| Company | Bank Of New York Mellon Corp (BK-PK) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: capital-raise, preferred-stock, debt-issuance
Related Tickers: BK
TL;DR
BNY Mellon dropped an 8-K on 6/10/25 about issuing new preferred capital securities.
AI Summary
On June 10, 2025, The Bank of New York Mellon Corporation (BNY Mellon) filed an 8-K to report the issuance of its 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities of Mellon Capital IV, which are fully and unconditionally guaranteed by BNY Mellon. The filing also includes information on depositary shares representing interests in Series K non-cumulative perpetual preferred stock.
Why It Matters
This filing indicates BNY Mellon is raising capital through preferred securities, which can impact its capital structure and financial leverage.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of a capital issuance and does not contain negative news or significant operational changes.
Key Numbers
- 6.244% — Fixed Rate (Coupon rate on the newly issued preferred capital securities)
Key Players & Entities
- The Bank of New York Mellon Corporation (company) — Filer
- Mellon Capital IV (company) — Issuer of securities
- 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities (dollar_amount) — Type of security issued
- June 10, 2025 (date) — Date of report
FAQ
What is the total principal amount of the 6.244% Fixed-to-Floating Rate Normal Preferred Capital Securities issued?
The filing does not specify the total principal amount of the securities issued.
What is the maturity date of the preferred capital securities?
The filing does not specify the maturity date of the preferred capital securities.
What is the purpose of issuing these preferred capital securities?
The filing does not explicitly state the purpose for issuing these securities, but it is a form of capital raising.
What are the terms of the guarantee provided by The Bank of New York Mellon Corporation?
The filing states the guarantee is 'fully and unconditionally guaranteed' but does not provide further specific terms within this document.
What are the details of the Series K non-cumulative perpetual preferred stock?
The filing mentions depositary shares representing interests in Series K non-cumulative perpetual preferred stock but does not provide specific details about the stock itself.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 10, 2025 regarding Bank of New York Mellon Corp (BK-PK).