Stock Titanยท50 event signal
Offered at face value, KeyCorp (KEY) notes pay 5.889% initially and mature in 2032.
KeyCorp is offering $1 billion in 5.889% fixed-to-floating rate senior notes due November 2, 2032. The notes are priced at 100% of principal, with an underwriting discount of 0.350%, resulting in net proceeds of $996.5 million before expenses for KeyCorp. Interest will be paid semiannually at 5.889% until November 2, 2031, then quarterly at Compounded SOFR plus 1.300% starting February 2, 2032.
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Source: Alpha VantageRead at Stock Titan
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