By Aleesia Forni
Virginia Beach, Nov. 5 - KeyCorp priced $750 million of 2.3% senior notes on Tuesday with a spread of Treasuries plus 93 basis points, or 99.937 to yield 2.313%, according to an FWP filed with the Securities and Exchange Commission.
The notes (Baa1/BBB+/A-) will mature on Dec. 13, 2018.
KeyBanc Capital Markets LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC were the joint bookrunners.
Proceeds will be used for general corporate purposes.
The financial services company is based in Cleveland.
| Issuer: | KeyCorp
|
| Amount: | $750 million
|
| Description: | Senior medium-term notes, series K
|
| Maturity: | Dec. 13, 2018
|
| Bookrunners: | KeyBanc Capital Markets LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
|
| Coupon: | 2.3%
|
| Price: | 99.937
|
| Yield: | 2.313%
|
| Spread: | Treasuries plus 93 bps
|
| Trade date: | Nov. 5
|
| Settlement date: | Nov. 13
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Fitch: A-
|
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