By Andrea Heisinger
New York, March 10 - KeyCorp priced $437.5 million three-year floating-rate notes backed by the Federal Deposit Insurance Corp. on Tuesday, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) priced at par to yield one-month Libor plus 43 basis points.
The notes are non-callable and have interest payable monthly.
Bookrunners were Credit Suisse Securities (USA) LLC and J.P. Morgan Securities Inc. Co-manager was KeyBanc Capital Markets Inc.
The holding company for KeyBank is based in Cleveland.
| Issuer: | KeyCorp
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $437.5 million
|
| Maturity: | April 16, 2012
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, J.P. Morgan Securities Inc.
|
| Co-manager: | KeyBanc Capital Markets Inc.
|
| Coupon: | One-month Libor plus 43 bps, paid monthly
|
| Price: | Par
|
| Yield: | One-month Libor plus 43 bps
|
| Call: | Non-callable
|
| Trade date: | March 10
|
| Settlement date: | March 16
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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