KeyCorp Announces Redemption of Senior Bank Notes

By Tamara Parker • Tuesday, November 25 15:37 • Permanent Link

KeyCorp (NYSE:KEY) has announced the redemption of its subsidiary, KeyBank National Association's, 4.700% fixed rate senior bank notes due January 26, 2026 (CUSIP No. 49327M3G7). The redemption notice was delivered to Deutsche Bank Trust Company Americas, as fiscal and paying agent, with the redemption date set for December 29, 2025. The redemption price is equal to 100% of the outstanding principal amount of the senior bank notes plus accrued and unpaid interest to, but excluding, the redemption date.

As of September 30, 2025, KeyCorp's assets were approximately $187 billion. KeyBank National Association operates in 15 states, offering deposit, lending, cash management, and investment services through a network of approximately 1,000 branches and 1,200 ATMs. Additionally, KeyCorp provides corporate and investment banking products under the KeyBanc Capital Markets trade name, catering to middle market companies in selected industries throughout the United States. The market has reacted to these announcements by moving the company's shares 2.89% to a price of $18.4065. For the full picture, make sure to review KEYCORP /NEW/'s 8-K report.

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