KeyCorp files $2.928 billion shelf

By Ted A. Knutson

Washington, Dec. 22 - KeyCorp filed a $2.928 billion shelf in an S-3 registration statement with the Securities and Exchange Commission.

The shelf includes debt securities, preferred stock, common stock, warrants, depositary shares and capital securities. Convertibles are permitted under the filing.

The debt portion of the shelf contains series H senior medium-term notes and series G subordinated medium-term notes.

Of the shelf amount, $428 million was previously registered.

The Cleveland-based bank holding company said proceeds from offerings authorized by the shelf will be used for general corporate purposes.

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