Structured Notes: New deals update

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Recent structured note activity in USD.

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USD:

 

  • IADB sold a $50m 15y NC6 zero coupon callable (non-Formosa). The EMTN matures Dec 2037 and is callable annually starting Dec 2028. Lead JPM. Estimated IRR 4.62%. Announced Dec 1.

     

  • ANZ Banking sold a $50m 15y NC5 zero coupon callable (non-Formosa). The EMTN matures Dec 2037 and is callable in 5ys starting Dec 2027. Self-led. Estimated IRR 5.2%. Announced Dec 1.

     

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

     

  • Credit Suisse London is working on a fixed callable via Fifth Third maturing Mar 2024 NC3m that pays 7%. Domestic MTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Dec 2027 NC2 that pays 5.65%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Dec 2032 NC2 that pays 6%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Dec 2025 NC1 that pays 5.5%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Jan 2024 NC6m that pays 5.35%. GMTN.

     

  • Bank of Montreal is working on a self-led fixed callable maturing Dec 2027 NC6m that pays 5%. GMTN.