KEYBANK NATIONAL ASSOCIATION ANNOUNCES REDEMPTION OF SENIOR BANK NOTES DUE JANUARY 26, 2026

Rhea-AI Summary

KeyCorp (NYSE:KEY) announced that KeyBank National Association will redeem all outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026 (CUSIP 49327M3G7) on December 29, 2025. The redemption price is 100% of outstanding principal plus accrued and unpaid interest to, but excluding, the redemption date.

KeyCorp reported total assets of approximately $187 billion as of September 30, 2025. The company provides banking and capital markets services through about 1,000 branches and 1,200 ATMs across 15 states.

Positive

• Redemption date set for December 29, 2025
• Redemption price at 100% of principal plus accrued interest
• Notes identified by CUSIP 49327M3G7 for clear settlement

Negative

• Senior notes carry a 4.700% fixed interest rate
• Maturity originally due January 26, 2026 (near-term liability)

Insights

Debt capital markets analyst

KeyBank will redeem its 4.700% senior bank notes at par on Dec 29, 2025, with minimal investor impact.

KeyBank National Association delivered notice to redeem all outstanding 4.700% Fixed Rate Senior Bank Notes due Jan 26, 2026 at a redemption price equal to 100% of principal plus accrued and unpaid interest to, but excluding, the Redemption Date. The action retires short‑dated senior bank debt roughly one month before maturity and does not introduce new financing terms or a change in coupon documented here.

The principal business mechanism is a scheduled cash outflow to extinguish the listed instrument; the company disclosed no exchange, refinancing, or proceeds in this release. Key facts to monitor through Dec 29, 2025 include the actual cash payment and the exact accrued interest amount. Also note the firm reported assets of $187 billion as of Sept 30, 2025, which contextualizes the size of the redemption relative to balance sheet scale.

CLEVELAND, Nov. 25, 2025 /PRNewswire/ -- KeyCorp (NYSE:KEY) announced that its subsidiary, KeyBank National Association (the "Bank"), delivered a redemption notice to Deutsche Bank Trust Company Americas, as fiscal and paying agent, to redeem on December 29, 2025 (the "Redemption Date") all of the Bank's outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026 (CUSIP No. 49327M3G7) (the "Senior Bank Notes"), at a redemption price equal to 100% of the outstanding principal amount of the Senior Bank Notes plus accrued and unpaid interest to, but excluding, the Redemption Date.

About KeyCorp
KeyCorp's roots trace back 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at September 30, 2025.

Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.

FORWARD-LOOKING STATEMENTS 
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "outlook," "goal," "objective," "plan," "expect," "anticipate," "intend," "may," "project," "believe," "estimate," "potential," "contemplate," "explore," and other words of similar meaning. Forward-looking statements represent management's current expectations and forecasts regarding future events. If underlying assumptions prove to be inaccurate or unknown risks or uncertainties arise, actual results could vary materially from these projections or expectations. Factors that could cause KeyCorp's actual results to differ from those described in the forward-looking statements can be found in KeyCorp's Form 10-K for the year ended December 31, 2024, as well as in KeyCorp's subsequent filings with the Securities and Exchange Commission (SEC), all of which have been filed with the SEC and are available on KeyCorp's website (www.key.com/ir) and on the SEC's website (www.sec.gov). Forward-looking statements speak only as of the date they are made and KeyCorp does not undertake any obligation to update the forward-looking statements to reflect new information or future events.

 

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SOURCE KeyCorp

FAQ

What is KeyCorp (KEY) redeeming on December 29, 2025?

KeyBank National Association is redeeming all outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026 (CUSIP 49327M3G7) on Dec 29, 2025.

At what price will KEY redeem the senior bank notes due January 26, 2026?

The redemption price is 100% of outstanding principal plus accrued and unpaid interest to, but excluding, the redemption date.

When were the redeemed KeyCorp senior bank notes originally due?

The senior bank notes were originally due on January 26, 2026.

What is the interest rate on the KeyCorp senior bank notes being redeemed?

The notes carry a fixed interest rate of 4.700%.

How large were KeyCorp's reported assets before the redemption announcement?

KeyCorp reported approximately $187 billion in total assets as of September 30, 2025.