Structured Notes: New deals update
- EBRD sold a $100m 20y NC5 zero coupon callable (non-Formosa). The GMTN matures Apr 2043, is callable every 2y from Apr 2028 and has an estimated IRR of 4.595%. Lead is Barclays and announced Apr 12.
- ING sold a $20m 15y NC3 zero coupon callable (non-Formosa). The EMTN matures Apr 2038, is callable annually from Apr 2023 and has an estimated IRR of 5.1288%. Self-led and announced Apr 12.
- World Bank issued €10m 15y NC2 callable due Apr 2038. Coupon pays 3.65% with single call in Apr 2025. Led by Commerzbank.