Structured Notes: New deals update

River
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Recent structured note activity in USD, CAD and EUR.

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USD:

 

  • ING Bank is working on a $10m fixed callable maturing Dec 2032 NC3 that pays 5.5%. EMTN.

     

  • Bank of Montreal is working on a self-led USD extendible with initial maturity Dec 2023 and then extendible to Dec 2025 that pays 5.25% to Dec 2023, then pays 5.5% and 5.75%, stepping up annually. Domestic MTN.

     

  • Bank of Montreal is working on a self-led USD extendible with initial maturity Dec 2023 and then extendible to Dec 2025 that pays 5.5% to Dec 2023, then pays 5.75% and 6%, stepping up annually. Domestic MTN.

     

  • National Bank of Canada is working on a $10m fixed callable via Daiwa maturing Dec 2032 NC3 that pays 5.75%. Putable Jun 2023. EMTN.

  

CAD:

 

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Dec 2023 and then extendible to Dec 2027 that pays 5.5%. Canadian.

     

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Dec 2023 and then extendible to Dec 2029 that pays 5.5%. Canadian.

     

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Dec 2023 and then extendible to Dec 2025 that pays 5.3%. Canadian.

     

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Dec 2023 and then extendible to Dec 2025 that pays 5.1%. Canadian.

     

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity Dec 2023 and then extendible to Dec 2027 that pays 5.45%. Canadian.

 

EUR:

 

  • Nordic Investment Bank issued €15m 10y NC5 callable due Dec 2032. Coupon pays 3.12% with single call in Dec 2027. Led by LBBW.


  • Kuntarahoitus issued €12m 6y NC2 callable due Dec 2028. Coupon pays 2.96% with single call in Dec 2024. Led by DZ.