KeyCorp announced Tuesday that it has increased the aggregate gross sales price of the common shares to be sold in connection with its previously announced "at-the-market" offering to $1 billion, from $750 million, and that it has successfully issued all $1 billion in new common shares.

Upon completion of the offering, the Cleveland banking company will have issued 205,438,975 shares at an average price of $4.87 per share. It also will have raised roughly $1.3 billion of $1.8 billion in additional common equity as it moves to adjust its capital mix as required by the Supervisory Capital Assessment Program buffer set by the Treasury Department and federal banking regulators.

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