09:07 AM EST, 03/05/2025 (MT Newswires) -- Bank of New York Mellon ( BK ) said Wednesday that its unit will redeem all its $500 million floating rate callable senior bank notes due March 13, 2026.

The company said redemption will take place on March 13, with the redemption price equal to 100% of the principal amount plus any accrued and unpaid interest.

After the redemption date, the notes will no longer be considered outstanding, and interest will stop accruing, the company said.