KeyBank to price floating-rate, fixed-to-floating notes due 2024

By Cristal Cody

Tupelo, Miss., Dec. 7 – KeyBank NA plans to price two tranches of senior bank notes (A3/A-/A-) on Monday in the high-grade primary market, according to a market source.

A tranche of floating-rate notes due Jan. 3, 2024 is talked to price in the SOFR plus 51 basis points area.

Initial price talk on an offering of fixed-to-floating rate notes due Jan. 3, 2024 is in the Treasuries plus 45 bps area.

Goldman, Sachs & Co. LLC, J.P. Morgan Securities LLC, KeyBank Capital Markets Inc. and RBC Capital Markets, LLC are the lead managers.

KeyBank is a Cleveland-based regional bank.

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