Structured Notes: New deals update
USD:
- Royal Bank of Canada sold a $20m 10y FRN Formosa. The EMTN matures Apr 2033 and is callable annually starting Apr 2027 and pays 2y ICE SOFR +171.5bps. Lead KGI. Announced Mar 30.
- ING Bank is working on a $10m fixed callable maturing Apr 2033 NC3 that pays 5.5%. Lead N/A. EMTN.
- Citigroup is working on a self-led fixed callable maturing Mar 2033 NC18m that pays 5.35%. Domestic MTN.
- Citigroup is working on a self-led fixed callable maturing Apr 2028 NC1 that pays 5.5%. Domestic MTN.
- Citigroup is working on a self-led fixed callable maturing Apr 2028 NC1 that pays 4.8%. EMTN.
- Citigroup is working on a self-led fixed callable maturing Apr 2028 NC2 that pays 5.14%. EMTN.
- Goldman Sachs is working on a self-led fixed callable maturing Apr 2026 NC1 that pays 5.5%. Domestic MTN.
- Citigroup is working on a self-led CMS-linked note maturing Apr 2033 NC1m that pays 10% for the first year and then pays a coupon tied to CMS30y. Domestic MTN.
- Toronto Dominion is working on a self-led fixed callable maturing May 2024 NC8m that pays 5.35%. GMTN.
EUR:
- Deutsche Bank issued EUR 21y NC11 callable due Apr 2044. Coupon pays 5.05% with single call in Apr 2032. Self-led.