Structured Notes: New deals update

Hawk diving 11 Oct 2021
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Recent structured note activity in USD and EUR.

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USD:

 

  • Bank of America is working on a self-led $33m fixed callable maturing May 2028 NC1 that pays 5.4%. Domestic MTN.

     

  • Bank of America is working on a self-led $35m fixed callable maturing May 2026 NC6m that pays 5.55%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing May 2033 NC3 that pays 5.3%. Domestic MTN.

 

EUR:

 

  • KfW issued €25m 5y NC2 callable due May 2028. Coupon pays 3.27% with annual calls from May 2025. Led by DZ.


  • CIC issued €10m 15y NC5 callable due May 2038. Coupon pays 4.55% with calls in May 2028 and May 2033. Led by Jefferies.

     

  • SPIRE last month sold a €100m zero coupon repack due 25 Jun 2039 callable once in June 2024. Repack of the Green OAT 1.75% 25 Jun 2039. Lead is MS.