Structured Notes: New deals update

Big green tree 1 Feb 2021
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Recent structured note activity in USD and EUR.

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USD:

 

  • Bank of Montreal is working on a self-led USD extendible with initial maturity Jun 2024 and then extendible to Jun 2026 that pays 6.1%. Domestic MTN.

     

  • Societe Generale is working on a fixed callable maturing Jul 2028 NC1 that pays 5.2%. Lead N/A. EMTN.  

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Jul 2030 NC1 that pays 5%. Domestic MTN.

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Jul 2053 NC1 that pays 5.4%. Domestic MTN.

 

EUR:

 

  • SPIRE sold a €24m CMS-linked repack due 22 Apr 2039. The EMTN pays EUR CMS 10y10y +119bps capped at 7% and floored at 2%. Repack unconfirmed. Lead is Goldman Sachs. 

     

  • SPIRE earlier this month sold a €100m floating rate repack due 15 Apr 2029. Coupon and repack unconfirmed. Lead is Citi. 

     

  • SPIRE earlier this month sold a €200m floating rate repack due 4 Oct 2038. Coupon and repack unconfirmed. Lead is JPM.