EUR MTNs: Callables; Inflation; Few CMS

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Light issuance of euro structured MTNs over the last couple of weeks included a few callables, some more inflation-linked notes and a pair of CMS.

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Callables

CAFFIL sold a €10m callable Covered bond 3.901% due May 2053. Callable in May 2033 and May 2043. Lead is LBBW.
Citigroup issued €10m 23y NC15 callable due Apr 2046. Coupon pays 4.54% with single call in Apr 2038. Self-led.
KfW issued €25m 10y NC1 callable due May 2033. Coupon pays 4.11% with calls in May 2024 and May 2026. Led by BNP Paribas.
KfW issued €20m 9y NC1 callable due May 2032. Coupon pays 4.0% with single call in May 2024. Led by LBBW.
Credit Agricole issued €50m 10y NC4 callable due Jul 2033. Coupon pays 4.75% with annual calls from Jul 2027. Self-led.
Credit Agricole issued €30m (max) 8y NC4 callable due Aug 2031. Coupon pays 4.3% with annual calls from Jul 2027. Self-led.
Bank of Nova Scotia sold a €10m 15y NC10 callable due Apr 2038. Coupon pays 4.6% with single call and put in Apr 2033. Lead is Nomura.
DZ Bank issued EUR 3y NC1 callable due May 2026. Coupon pays 4.05% with single call in May 2024. Self-led.
NordLB issued EUR 15y NC5 callable due May 2038. Coupon pays 5.0% with annual calls from May 2028. Self-led.

CMS

Credit Agricole issued €20m CMS-linked Green EMTN due May 2035. Coupon pays EUR 20y +103bps capped at 5% and floored at 3%. Self-led.
BNP Paribas issued €10m CMS-linked MTN due May 2033. Coupon pays 1.25 * EUR 10y CMS capped at 5.5% and floored at 0%. Self-led.
Erste Bank issued €8.5m CMS-linked MTN due Apr 2033. Coupon pays 1.3 * EUR 10y, capped at 5.5% and floored at 2%. Further details unavailable. Self-led.

Repacks

SPIRE issued a €40m 16y NC4 callable repack due 25 Jun 2039. Coupon pays 4.12% with single call in Jun 2027. Backed by unspecified repack. Led by UBS.
SPIRE sold a NOK40m repack 3.65% due 1 Mar 2039. Backed by unspecified repack. Led by DB.
CIMA Finance Ltd last week sold a €50m sinkable zero coupon repack due 15 May 2051. Repack unconfirmed and lead is Santander.

Inflation

SocGen launched a €30m (max) inflation-linked note due 27 Apr 2026. The note is linked to euro HICPx inflation floored at 1.5%. Self-led.
Morgan Stanley issued €50m (max) EMTN 1.95% due 5 Nov 2035. Coupon and redemption are linked to euro HICPx. Self-led.
Deutsche Bank launched a €50m (max) inflation-linked note due 4 May 2027. The EMTN pays 1.3 * euro HICPx inflation floored at 0%. Self-led.
Goldman Sachs launched a €5m (max) inflation-linked note due 21 Apr 2027. The EMTN pays euro HICPx inflation floored at 0%. Self-led.

FRNs

Goldman Sachs issued €5m (max) collared FRN due May 2026. Coupon pays 3mE capped at 3.25% and floored at 2.75%. Self-led.

Credit-linked

Nordea launched a €40m (max) credit-linked note paying 6mE+475bps due Jul 2026. Credit-linked to the iTraxx Europe Crossover 39 Version 1 index. Self-led.
JP Morgan launched a €75m (max) credit-linked note due May 2024 paying 3mE +28bps. Credit-link unconfirmed. Self-led.
DZ Bank last week launched a €25m (max) credit-linked note 3.5% due Dec 2027. Credit-linked to Siemens. Self-led.
DZ Bank last week launched a €25m (max) credit-linked note 4.1% due Dec 2027. Credit-linked to VW. Self-led.

Equity-linked

Natixis launched a EUR equity linked note due May 2029 linked to the iEdge PAB Climate Objective 40 Euro Decrement 5% NTR index. Self-led.
Natixis launched a €30m equity linked note due Jun 2033 linked to the iEdge iEdge Transatlantic Luxury Goods & Service 10 EW Decrement 50 Points GTR index. Self-led.
Barclays launched a €30m (max) equity linked note due Apr 2028 linked to the Euro Stoxx 50 Index. Self-led.
Goldman Sachs launched a €30m (max) Autocallable equity-linked note due Jul 2033 linked to the Euronext G BNP 261021 GR Decrement 3.30 Index. Self-led.
SocGen launched a €30m (max) equity-linked note due Apr 2028 linked to the Euro Stoxx 50 Index. Self-led.

Long vanilla

Land NRW sold a €100m note 2.95% due May 2063, puttable in May 2035. Lead is UniCredit.
Land NRW sold a €150m note 2.923% due May 2063, puttable in May 2034. Lead is UniCredit.
Land NRW sold a €75m EMTN 2.821% due May 2053, puttable in May 2030. Lead is Deka.
Agence France Locale sold a €25m EMTN paying 6mE + 41bpsfloored at 0%. Lead is Jefferies.
CAFFIL sold a €31m Covered bond 3.443% due Apr 2034. Lead is UniCredit.
CAFFIL sold a €10m Covered bond 3.372% due May 2033. Lead is LBBW.