Structured Notes: New deals update

London housing 13 Nov 2020
;
Recent structured note activity in USD.

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USD:

 

  • HSBC sold a $50m 19y NC6 zero coupon callable (non-Formosa). The EMTN matures Apr 2042, is callable Apr 2029 and has an estimated IRR of 4.90%. Self-led. Announced Apr 17.

     

  • ING Bank is working on a $30m self-led fixed callable maturing Apr 2028 NC2 that pays 5.09%.  EMTN.

     

  • Citigroup is working on a $50m self-led fixed callable maturing Apr 2028 NC1 that pays 5.19%.  EMTN.

     

  • Santander International Products is working on a self-led fixed callable maturing Apr 2026 NC1 that pays 4.15%. EMTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Apr 2026 NC1 that pays 5.125%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Apr 2027 NC6m that pays 5.25%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing May 2024 NC6m that pays 5.15%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Oct 2024 callable Jan 2024 that pays 5.15%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Apr 2025 NC1 that pays 5.15%. Domestic MTN.

     

  • Barclays is working on a self-led step-up callable maturing May 2043 NC5 that pays 5.05% to May 2028, 5.25% to May 2033, 6.5% to May 2038 and 7% thereafter. GMTN.

     

  • UBS is working on a self-led fixed callable maturing Apr 2025 NC6m that pays 5.3%. Domestic MTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Apr 2033 NC2 that pays 5.5%. GMTN.