Structured Notes: New deals update

Big green tree 1 Feb 2021
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Recent structured note activity in USD and CAD.

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USD:

 

  • ANZ Banking sold a $100m 20y NC7 zero coupon callable (non-Formosa). The EMTN matures Mar 2043 and is callable every five years starting Mar 2030. Self-led. Estimated IRR 4.93%. Announced Mar 23.

     

  • Societe Generale is working on a self-led CMS-linked note maturing Mar 2029 NC1 that pays 9% the first year and then pays a coupon tied to CMS30y, floored at zero. Domestic MTN.

     

  • Goldman Sachs is working on a fixed callable maturing Apr 2025 NC6m that pays 5.5%. Domestic MTN.

     

  • Goldman Sachs is working on a fixed callable maturing May 2024 NC6m that pays 5.35%. Domestic MTN.

     

  • Goldman Sachs is working on a fixed callable maturing Oct 2024 NC6m that pays 5.45%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Apr 2024 NC6m that pays 5%. Domestic MTN.

     

  • Citigroup is working on a self-led fixed callable maturing Apr 2029 NC2 that pays 4.9%. EMTN.

     

  • Credit Agricole is working on a self-led fixed callable maturing Mar 2033 NC1 that pays 5.2%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing Apr 2024 NC6m that pays 4%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing Apr 2026 NC1 that pays 4.87%. EMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Mar 2033 NC2 that pays 5.65%. GMTN.

 

CAD:

 

  • CIBC is working on a self-led CAD extendible with initial maturity Mar 2024 and then extendible to Mar 2026 that pays 4.5%. Canadian.