Structured Notes: New deals update

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Recent structured note activity in USD.

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USD:

 

  • Korea Development Bank sold an $300m 5y floating rate Formosa. The note matures Aug 2028 and pays SOFR +90bps. Lead is SocGen Taipei and announced Jul 18. 

     

  • Royal Bank of Canada sold a $50m 20y NC8 zero coupon callable (non-Formosa). The EMTN matures Jul 2043, is callable annually starting Jul 2031. Estimated IRR 5.77%. Self-led. Announced Jul 19.

     

  • IBRD sold a $350m 3y NC1 fixed callable. Lead JPM. The EMTN matures Jul 2026 and is callable Jul 2024 and pays a coupon of 5.35%. Announced Jul 18.

     

  • JP Morgan is working on a self-led fixed callable maturing Jul 2025 NC1 that pays 5.7%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Jul 2028 NC1 that pays 5.8%.  Domestic MTN.   

     

  • Citigroup is working on a self-led fixed callable maturing Jan 2025 NC6m that pays 5.6%.  Domestic MTN.    

     

  • CIBC is working on a self-led fixed callable maturing Jul 2025 NC1 that pays 5.8%. Domestic MTN.

     

  • UBS is working on a self-led fixed callable maturing Jul 2028 NC2 that pays 5.62%.  EMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Jul 2028 NC1 that pays 5.75%. GMTN.

     

  • Toronto Dominion is working on a self-led step-up callable maturing Jul 2028 NC1 that pays 5.5% to Jul 2025, 6.1% to Jul 2027 and 7% thereafter. GMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Aug 2024 NC9m that pays 5.75%. GMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Jul 2028 NC1 that pays 6.2%. GMTN.

     

  • Toronto Dominion is working on a self-led fixed callable maturing Jul 2025 NC6m that pays 5.75%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Jul 2030 NC2 that pays 5.55%. GMTN.

     

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

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Jul 2033 NC2 that pays 5.65%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Aug 2024 NC9m that pays 5.65%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Jul 2027 NC1 that pays 5.4%. GMTN.

     

  • Bank of Montreal is working on a self-led fixed callable maturing Jul 2028 NC1 that pays 5.9%. Domestic MTN.

 

 

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