KeyCorp's subsidiary, KeyBank National Association, will redeem all outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026, on December 29, 2025.
The redemption price includes 100% of the outstanding principal amount of the Senior Bank Notes plus accrued and unpaid interest up to the Redemption Date.
KeyCorp, a major bank-based financial services company, has assets of approximately $187 billion as of September 30, 2025, and provides a wide range of services to individuals and businesses across 15 states.
Redemption of Senior Bank Notes
KeyCorp's decision to redeem all outstanding Senior Bank Notes due in 2026 showcases its commitment to financial stability.
Redemption Date
The redemption of Senior Bank Notes is scheduled for December 29, 2025.
Redemption Price
The redemption price will include 100% of the outstanding principal amount along with accrued and unpaid interest until the Redemption Date.
- The redemption of the Senior Bank Notes demonstrates KeyCorp's proactive approach to managing its financial obligations.
- Investors may view this redemption positively as it indicates KeyCorp's strong financial position and commitment to meeting its obligations.
KeyCorp's announcement of the redemption of Senior Bank Notes shows its strategic financial planning and commitment to managing its debt obligations efficiently. This move is likely to boost investor confidence in KeyCorp's financial stability and performance in the market.