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Prospect News home > News index > List of issuers K > Headlines for KeyCorp > News item
Published on 10/31/2011 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

KeyCorp calls $331 million of its 6.75% trust preferred securities

By Ashley Montgomery

Kansas City, Kan., Oct. 31 - KeyCorp issued a notice of redemption for KeyCorp Capital IX Trust's $331 million of 6.75% enhanced trust preferred securities, according to an 8-K filing with the Securities and Exchange Commission.

The securities will be redeemed at $25 per security plus accrued interest to the redemption date on Dec. 15, according to the filing.

The company will fund the redemptions with available cash.

The financial services company is based in Cleveland.


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