Structured Notes: New deals update

NZ Lighthouse
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Recent structured note activity in USD and CAD.

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USD:

 

 

  • IBRD sold a $50m 15y NC3 fixed callable. The EMTN matures May 2038, is callable annually once in May 2025, and pays a 4.85% coupon. The note is led by Nomura and was announced Apr 26.

     

  • Goldman Sachs is working on a self-led fixed callable maturing May 2026 NC6m that pays 5.4%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing May 2025 NC6m that pays 5.35%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing May 2033 NC18m that pays 5.5%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing May 2028 NC1 that pays 5.6%. Domestic MTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing Jun 2024 NC6m that pays 5.25%. Domestic MTN.

     

  • Bank of America is working on a self-led step-up callable maturing May 2030 NC1 that pays 5.1% to May 2025, 5.5% to May 2028 and 6% thereafter. Domestic MTN.   

     

  • Citigroup is working on a self-led fixed callable maturing May 2028 NC1 that pays 4.8%. EMTN.

     

  • Toronto Dominion is working on a self-led USD extendible with initial maturity May 2024 and then extendible to May 2025 that pays 5.3%. Domestic MTN.

     

  • Toronto Dominion is working on a fixed callable via TD and BofA maturing May 2027 NC6m that pays 5.4%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing May 2030 NC2 that pays 5.25%. GMTN.

     

  • Bank of Montreal is working on a self-led USD extendible with initial maturity Nov 2023 and then extendible to May 2025 that pays 5.35% to May 2024 and 5.45% thereafter. Domestic MTN.

 

CAD:

 

  • Bank of Montreal is working on a self-led CAD extendible with initial maturity May 2024 and then extendible to May 2030 that pays 4.92%. Canadian
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