Bank of New York launches $1.25 bln 2-part sale-IFR

Fri Nov 6, 2009 1:06pm EST
 
[-] Text [+]

NEW YORK, Nov 6 (Reuters) - Bank of New York Mellon (BK.N) on Friday launched its $1.25 billion two-part debt sale, said IFR, a Thomson Reuters service.

The sale is expected to include $750 million of five-year notes yielding 83 basis points more than comparable U.S. Treasuries and $500 million of 10-year notes yielding 112 basis points over Treasuries, according to IFR.

Barclays and Deutsche Bank are the joint lead managers of the sale. (Reporting by Pam Niimi; Editing by Chizu Nomiyama)

 

Featured Broker sponsored link

Commentary

James Pethokoukis
Why Geithner will stay

One residual from Timothy Geithner's rough confirmation back in January -- "Turbo Tax Tim" and all that -- is that his political position is probably a bit more precarious than that of the typical newbie treasury secretary.  Blog