Structured Notes: New deals update

Robot welding 10 Jun 2020
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Recent structured note activity in USD and EUR.

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USD:

 

  • Natixis sold a $15m 15y NC4 fixed callable. The EMTN matures Aug 2037, is callable annually from Aug 2026 and pays a 4.9% coupon. Self-led and announced Aug 9.

     

  • Barclays sold a $15m 15y NC3 fixed callable. The EMTN matures Aug 2037, is callable annually from Aug 2025 and pays a 5.1% coupon. Self-led and announced Aug 9.

     

  • Standard Chartered is working on a self-led $67m fixed callable maturing Aug 2027 NC2 that pays 4.7%. EMTN.

     

  • Standard Chartered is working on a self-led $42m fixed callable maturing Aug 2025 NC2 that pays 4.25%. EMTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Feb 2024 NC6m that pays 4%. Domestic MTN.

     

  • Citigroup is working on a self-led fixed callable maturing Aug 2029 NC2 that pays 4.7%. Domestic MTN.

     

  • Citigroup is working on a self-led step-up callable maturing Aug 2027 NC1 that pays 4.7% to Feb 2026, 4.9% to Feb 2027 and 5.15% thereafter. Domestic MTN.

     

  • Nomura is working on a self-led floating callable maturing Aug 2027 NC1 that pays 2y SOFR flat. EMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Feb 2025 NC3m that pays 4.3%. GMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Feb 2024 NC3m that pays 4.1%. GMTN.

     

  • Toronto Dominion is working on a self-led USD extendible with initial maturity Feb 2024 and then extendible to Aug 2026 that pays 4.3% to Aug 2023, then pays 4.4%, 4.6% and 4.9%, stepping up annually. GMTN.

     

  • Royal Bank of Canada is working on a self-led $53.7m step-up callable maturing Aug 2032 callable Jan 2023 that pays 3.31% to Feb 2023 and 3.41% thereafter. EMTN.

     

  • Royal Bank of Canada is working on a self-led $40m fixed callable maturing Feb 2024 NC1 that pays 4.1%. EMTN.

     

  • Bank of Montreal is working on a self-led fixed callable maturing Aug 2032 NC5 that pays 4.42%. EMTN.

 

 EUR:

 

  • KfW issued €35m 10y NC1 callable due Aug 2032. Coupon pays 2.27% with single call in Aug 2023. Led by DekaBank.


  • KfW issued €20m 10y NC1 callable due Aug 2032. Coupon pays 2.22% with single call in Aug 2023. Led by Helaba.