In honor of National Veterans and Military Families Month, BNY Mellon assembled eight veteran-owned broker-dealers to participate in an offering of $750 million in senior bank notes.
The eight firms — Academy Securities, AmeriVet Securities, Bancroft Capital, CAVU Securities, Drexel Hamilton, Mischler Financial Group Inc., Multi-Bank Securities Inc., and Roberts & Ryan — underwrote a combined 20% of the notes.
“These eight veteran-owned firms understand mission and execution, making them a natural fit to help serve the diverse marketplace in which we operate,” Sarah McAvoy, group treasurer at BNY Mellon, said in a statement.
In the second quarter of 2022, minority-owned financial institutions were among the joint lead bookrunners on a $1.7 billion offering of senior medium-term notes by Bank of New York Mellon Corp., the company said in the statement.
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