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.
Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
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