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KeyCorp Issues New Bond Offering
NeutralKeyCorp completed a $1 billion bond sale with a 5.9% coupon and payments every 6 months through November 2032. The funding comes with interest costs, leaving its outlook unchanged.
KeyCorp will share its earnings soon, and top analysts are changing their predictions before the call.
NeutralKeyCorp is due to report results Tuesday. Analysts expect higher profit and sales, but several cut their share-price targets, leaving no clear change in its outlook.
BANK 2020-BNK25 is switching its loan manager from CWCapital to Torchlight starting September 10, 2026.
NeutralThe filing notes CWCapital Asset Management LLC was successor to KeyBank National Association, but the servicer swap relates to one securitization trust and does not change KeyBank's wider operations.