Structured Notes: New deals update

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Recent structured note activity in USD and EUR.

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USD:

 

  • Natixis sold a $20m 10y floating Formosa. The EMTN matures Jul 2033 and pays a coupon of 2y SOFR +165bps. Non-callable. Lead KGI. Announced Jun 16.

     

  • IBRD is working on a self-led fixed callable maturing June 20233 NC1 that pays 5.6%. EMTN.

     

  • CIBC is working on a self-led fixed callable maturing Jul 2025 NC1 that pays 5%. GMTN.

     

  • UBS is working on a self-led step-up callable maturing Dec 2024 NC1 that pays 5.44% to Mar 2024 and then pays 5.45%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing Dec 2024 NC1m that pays 5.73%. EMTN.

     

  • Societe Generale is working on a self-led fixed callable maturing Jun 2028 NC1 that pays 5.25%. Eurodollar.

     

  • Ford Motor Credit is working on a fixed callable via InspereX maturing Jun 2025 NC1 that pays 6.85%. Domestic MTN.  

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Jun 2053 NC1 that pays 5.45%. Domestic MTN.  

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Jun 2033 NC1 that pays 5.1%. Domestic MTN.  

     

  • Dow Chemical is working on a fixed callable via InspereX maturing Jun 2028 NC6m that pays 4.95%. Domestic MTN.  

     

  • Dow Chemical is working on a fixed callable via InspereX maturing Jun 2033 NC6m that pays 5.25%. Domestic MTN.  

     

  • Dow Chemical is working on a fixed callable via InspereX maturing Jun 2053 NC6m that pays 5.75%. Domestic MTN.  

     

  • Ally Financial is working on a fixed callable via InspereX maturing Jun 2028 NC6m that pays 7.25%. Domestic MTN. 

 

EUR:

 

  • DZ Bank issued a €50m CMS-linked EMTN due Jun 2033. Coupon pays 1.41 * EUR 20y CMS capped at 6% and floored at 0%. Self-led.