Structured Notes: New deals update

Steep street 9 Nov 2020
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Recent structured note activity in USD and EUR.

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USD:

 

  • Citigroup is working on a self-led fixed callable maturing May 2033 NC1 that pays 5.4%. Domestic MTN.

     

  • Citigroup is working on a self-led fixed callable maturing May 2026 NC1 that pays 5%. Domestic MTN.

     

  • IBRD is working on a $25m fixed callable via CACIB maturing May 2033 NC2 that pays 4.86%. EMTN. Announced May 17.

     

  • IBRD is working on a $20m fixed callable via CACIB maturing May 2033 NC3 that pays 4.55%. EMTN.

     

  • Goldman Sachs is working on a self-led fixed callable maturing May 2033 NC1 that pays 6%. Domestic MTN.

     

  • JP Morgan is working on a self-led $30m fixed callable maturing May 2033 NC2 that pays 5.45%. EMTN.

     

  • UBS is working on a self-led $10m fixed callable maturing May 2024 NC6m that pays 5.7%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing May 2024 NC6m that pays 5.15%. EMTN.

     

  • Toronto Dominion is working on a self-led $250m fixed callable maturing Nov 2023 NC3m that pays 5.47%. CD format. Domestic.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing May 2038 NC3 that pays 5.45%. GMTN. 

 

 EUR:

 

  • Banque Intl Lux issued EUR collared FRN due May 2026. Coupon pays 3mE capped at 4.35% and floored at 3.4%. Self-led.