EUR MTNs: Short list of callables, CMS

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A short list of euro structured notes over the last week included a handful of callables and CMS, plus more inflation-linked.

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Callables

NRW.Bank sold a €20m 20y NC10 due Mar 2043. Coupon pays 3.622% with single call in Mar 2033. Led by Deka.
Rentenbank issued a €40m 6y NC3 callable due Mar 2029. Coupon pays 3.5% with single call in Mar 2026. Led by DZ Bank.
KfW issued a €100m 10y NC1 callable due Mar 2033. Coupon pays 4.14% with single call in Mar 2024. Led by Goldman Sachs.
Morgan Stanley sold a €10m 15y NC4 due Mar 2038. Coupon pays 4.85% with single call in Mar 2027. Self-led.
LBP sold a €10m 10y NC3 due Mar 2033. Coupon pays 4.2% with single call in Mar 2026. Self-led.
Helaba launched a €100m (max) 15y NC5 SNP due Apr 2038. Coupon pays 4.00% with single call in Apr 2028. Self-led.

CMS

Credit Agricole sold a €25m Green CMS-linked note due Mar 2035. Coupon pays EUR 20y CMS +106bps capped at 5.5% and floored at 3%. Self-led.
Natixis launched a €25m (max) CMS-linked note due Mar 2035. Linked to EUR 20y CMS but further details unavailable. Self-led.

Repacks

SPIRE last week sold a €31.5m repack 4.123% due 1 Nov 2051. Repack unconfirmed and led by BofA.

Inflation

Credit Agricole CIB launched a €1m (max) inflation-linked note due 3 Apr 2025 linked to euro HICPx inflation. Self-led.
Credit Agricole CIB launched a €4m (max) inflation-linked note due 17 Mar 2025 linked to euro HICPx inflation. Self-led.
Deutsche Bank launched a EUR inflation-linked note due 21 Mar 2025 linked to euro HICPx inflation. Self-led.
Italy sold a new €9.9bn BTP Italia 2% due 14 Mar 2028 linked to Italian FOIx inflation plus a bonus coupon. Dealers are Intesa Sanpaolo and UniCredit.

Credit-linked

Goldman Sachs launched a €5m (max) credit-linked note due Dec 2027 paying 3mE +147bps . Credit-linked to Anglo American. Self-led.
HSBC Bank launched a €10m (max) credit-linked note 4.61% due Jun 2024. Credit-linked to thyssenkrupp. Self-led.
SocGen launched a €10m (max) credit-linked note 4.6% due Jan 2028. Credit-linked to the iTraxx Main Series 38 Index. Self-led.
UniCredit launched a €5m (max) credit-linked note due Apr 2024 paying 4.5%. Credit-linked to ZF Europe Finance. Self-led.
DZ Bank launched a €25m (max) credit-linked note 5.41% due Jun 2024. Credit-linked to Air France. Self-led.
DZ Bank launched a €25m (max) credit-linked note due Jun 2026 paying 6mE +50bps . Credit-linked to BMW. Self-led.
DZ Bank launched a €25m (max) credit-linked note due Jun 2026 paying 6mE +50bps . Credit-linked to Mercedes-Benz. Self-led.

Equity-linked

Barclays launched a €30m (max) digital equity-linked note 3.75% due Mar 2025 linked to the Euro Stoxx 50 Index. Self-led.
BNP Paribas launched a €50m (max) fixed and reverse convertible advanced equity-linked note due May 2035 linked to the Bloomberg Transatlantic Titans 40 Decrement 50 Points Index. Self-led.
Natixis launched a €30m (max) equity-linked note due Mar 2033 linked to the Euro iStoxx 70 Equal Weight Decrement 5% Index. Self-led.
SocGen launched a €30m (max) equity-linked note due Apr 2033 linked to the Euro iStoxx Equal Weight Constant 50 Index. Self-led.
Citigroup launched a €30m (max) Snowballing Autocall equity-linked note due May 2035 linked to the Morningstar DM Transatlantic Technology & Comm Services Sectors Dec 50 Pt GR Index. Self-led.

Long vanilla