KeyCorp plans issue of FDIC-backed senior notes

By Andrea Heisinger

New York, March 9 - KeyCorp is planning an offering of senior notes in fixed- and floating-rate tranches backed by the Federal Deposit Insurance Corp., according to a 424B5 filing with the Securities and Exchange Commission.

The non-callable notes will be rated Aaa by Moody's Investors Service, AAA by Standard & Poor's and AAA by Fitch Ratings.

Bookrunners are Credit Suisse Securities and J.P. Morgan Securities Inc. The co-manager is KeyBanc Capital Markets.

The holding company for KeyBank is based in Cleveland.

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