trending Market Intelligence /marketintelligence/en/news-insights/trending/cwqWXP44N6TPjnFTWbZF3w2 content esgSubNav
In This List

KeyCorp closes sale of depositary shares


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

KeyCorp closes sale of depositary shares

KeyCorp on Dec. 12 closed the sale of 20 million depositary shares, each representing 0.025 of a series E fixed-to-floating-rate perpetual noncumulative preferred share. The term sheet listed $500 million as the size of the offering.

Morgan Stanley & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., UBS Securities LLC and Wells Fargo Securities LLC were joint book-running managers.

The net proceeds totaled about $490.2 million.