Structured Notes: New deals update
USD:
- Citigroup is working on a self-led fixed callable maturing Mar 2028 NC1 that pays 5.1%. EMTN.
- Citigroup is working on a self-led fixed callable maturing Mar 2033 NC1 that pays 5.6%. Domestic MTN.
- Citigroup is working on a self-led step-up callable maturing Mar 2028 NC1 that pays 5.4% to Mar 2025, 5.5% to Mar 2027 and 6% thereafter. Domestic MTN.
- Citigroup is working on a self-led fixed callable maturing Mar 2026 NC1 that pays 5.5%. Domestic MTN.
- Citigroup is working on a self-led fixed callable maturing Mar 2029 NC4 that pays 4.9%. EMTN.
- Royal Bank of Canada is working on a self-led fixed callable maturing Mar 2028 NC2 that pays 5.4%. GMTN.
EUR:
- Morgan Stanley issued €15m CMS-linked note due Apr 2035. Coupon pays EUR 20y +157bps floored at 3.25% and capped at 5.75%. Self-led.
- NedWaters sold a €10m 20y NC10 EMTN 3.55% due Mar 2043 with a single call in Mar 2033. Lead is LBBW