Structured Notes: New deals update

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Recent structured note activity in USD and EUR.

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USD:

AFDB sold a $50m 20y NC5 zero coupon callable (non-Formosa). The EMTN matures May 2053, is callable annually from May 2028 and has an estimated IRR of 4.78%. Lead is JPM and announced May 9.
Credit Agricole sold a $30m 10y NC3 fixed callable. The EMTN matures May 2033, is callable annually from May 2026 and pays a 5.26% coupon. Self-led and announced May 9.
IBRD is working on a $20m fixed callable via Citi maturing May 2033 NC2 that pays 4.82%. EMTN. Announced May 9.
IBRD is working on a $20m fixed callable via CACIB maturing May 2033 NC1 that pays 5.3%. EMTN. Announced May 9.
Standard Chartered is working on a self-led fixed callable maturing May 2028 NC2 that pays 5%. EMTN.
Verizon Communications is working on a fixed callable via InspereX maturing May 2030 NC1 that pays 4.7%. Domestic MTN.
Dow Chemical is working on a fixed callable via InspereX maturing May 2053 NC6m that pays 5.75%. Domestic MTN.
Dow Chemical is working on a fixed callable via InspereX maturing May 2028 NC6m that pays 4.5%. Domestic MTN.
Dow Chemical is working on a fixed callable via InspereX maturing May 2033 NC6m that pays 5.05%. Domestic MTN.
Ally Financial is working on a fixed callable via InspereX maturing May 2033 NC6m that pays 7.2%. Domestic MTN.
Ally Financial is working on a fixed callable via InspereX maturing May 2026 NC6m that pays 6.7%. Domestic MTN.

EUR:

JP Morgan sold a €6m 20y NC11 due Mar 2043. Callable once in Mar 2034 and pays a 4.52% coupon. Self-led.
Goldman Sachs launched a €30m (max) 5y NC2 due Jun 2028. Callable once in Jun 2025 and pays a 4% coupon. Self-led.