Structured Notes: New deals update

Hiking hill 18 Oct 2021
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Recent structured note activity in USD and EUR.

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USD:

 

  • Credit Agricole is working on a self-led $15m fixed callable maturing Sep 2037 NC1 that pays 5.95%. EMTN.

     

  • ING Bank is working on a $28m fixed callable maturing Sep 2027 NC2 that pays 5.51%. Lead N/A.  EMTN.

     

  • Goldman Sachs is working on a self-led step-up callable maturing Sep 2032 NC2 that pays 5.25% to Sep 2026, 6% to Sep 2029, 7% to Sep 2031 and 8% thereafter. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Sep 2024 NC1 that pays 4.5%. Domestic MTN.

     

  • UBS is working on a self-led step-up callable maturing Oct 2024 NC1 that pays 3.79% to Oct 2023 and 3.99% thereafter. EMTN.

     

  • Royal Bank of Canada is working on a self-led $11m fixed callable maturing Sep 2023 NC9m that pays 4.37%. EMTN.   

     

  • Standard Chartered is working on a self-led fixed callable maturing Oct 2024 NC1 that pays 4.6%. EMTN.

 

EUR:

 

  • Morgan Stanley issued €25m 20y NC10 callable due Sep 2042. Coupon pays 4.1% with single call in Sep 2032. Self-led.


  • BNG Bank issued €70m 15y NC6 callable due Oct 2037. Coupon pays 3.193% with single call in Oct 2028. Led by Natixis.


  • Barclays issued €15m 14y NC6 callable due Oct 2028. Coupon pays 4.3% with single call in Oct 2028. Self-led.


  • SPIRE issued €25m 30y NC1 callable repack due 25 May 2052. Coupon pays 3.49% with single call in Dec 2022. Backed by unspecified repack. Led by UBS.


  • Nordic Investment Bank issued €25m 15y NC2 callable due Oct 2037. Coupon pays 3.55% with single call in Oct 2024. Led by Jefferies.