Structured Notes: New deals update

;

Recent structured note activity in USD and EUR.

Start a free trial to read this article

Join today to access all  Total Derivatives content and breaking news. Already a subscriber? Please Log In to continue reading.

Request a Free Trial

Or contact our Sales Team to discuss subscription options.

Get in Touch

USD:

DZ Bank sold a $30m 20y NC7 zero-coupon callable (non-Formosa). The EMTN matures Jun 2043 and is callable annually from Jun 2030. Self-led. Estimated IRR 5.3%. Announced Jun 20.
Santander is working on a self-led fixed callable maturing June 2026 NC1 that pays 4.35%. EMTN.
Goldman Sachs is working on a self-led step-down callable maturing Jul 2025 NC1 that pays 5.9% to Jul 2024 and 5.2% thereafter. Domestic MTN.

EUR:

HSBC issued €70m 20y NC7 callable due Jun 2043. Coupon pays 5.15% with single call in Jun 2030. Self-led.
SPIRE issued €100m repack due 15 Apr 2029. Further details currently unavailable. Led by Citi.