Structured Notes: New deals update

Air bubble 21 Jun 2021
;
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.

Or contact our Sales Team to discuss subscription options.

Get in Touch
Blurred image of Total Derivatives article content

 

 

USD:

 

  • Merrill Lynch sold a $80m 10y NC4 fixed callable Formosa. The EMTN matures Aug 2033, is callable annually from Aug 2027 and pays a 5.5% coupon. Leads are Cathay, KGI and Yuanta. Announced Jul 31.

     

  • Goldman Sachs sold a $15m 15y NC2 zero coupon callable (non-Formosa). The EMTN matures Aug 2038, is callable annually from Aug 2025 and has an estimated IRR of 5.00%. Self-led and announced Aug 1.

     

  • IBRD is working on a $14m fixed callable via JPM maturing Aug 2033 NC1 that pays 6.05%. EMTN.  

     

  • Goldman Sachs is working on a self-led fixed callable maturing Aug 2026 NC1 that pays 5.8%. Domestic MTN.

     

  • JP Morgan is working on a self-led fixed callable maturing Aug 2033 NC1 that pays 6%. Domestic MTN.

     

  • Merrill Lynch is working on a self-led fixed callable maturing Aug 2034 NC3 that pays 5.15%. EMTN.

     

  • Citigroup is working on a self-led fixed callable maturing Sep 2024 NC6m that pays 5.8%. Domestic MTN.

     

  • BNP Paribas is working on a self-led fixed callable maturing Jun 2028 NC2 that pays 5.75%. EMTN.  

     

  • Credit Agricole is working on a self-led fixed callable maturing Aug 2028 NC1 that pays 6%. EMTN.

     

  • Credit Agricole is working on a self-led CMS ranger maturing Aug 2028 that pays 7%*days CMS1y is 0-6%. EMTN.

     

  • Toronto Dominion is working on a self-led $20m fixed callable maturing Jul 2024 NC1 that pays 6%. CD format. Domestic.  

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Aug 2033 NC2 that pays 5.8%. GMTN.

     

  • Royal Bank of Canada is working on a self-led fixed callable maturing Aug 2027 NC1 that pays 5.5%. GMTN.

     

  • Standard Chartered is working on a self-led fixed callable maturing Aug 2024 NC1m that pays 7.54%. EMTN.

     

  • Ford Motor Credit is working on a fixed callable via Incap maturing Aug 2026 NC1 that pays 6.5%. Domestic MTN.   

     

  • Ford Motor Credit is working on a fixed callable via Incap maturing Aug 2033 NC1 that pays 6.75%. Domestic MTN.   

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Aug 2030 NC1 that pays 5.15%. Domestic MTN.   

     

  • Verizon Communications is working on a fixed callable via InspereX maturing Aug 2053 NC1 that pays 5.5%. Domestic MTN.   

     

  • Dow Chemical is working on a fixed callable via InspereX maturing Aug 2053 NC6m that pays 5.7%. Domestic MTN.   

     

  • Dow Chemical is working on a fixed callable via InspereX maturing Aug 2028 NC6m that pays 5.1%. Domestic MTN.   

     

  • Dow Chemical is working on a fixed callable via InspereX maturing Aug 2033 NC6m that pays 5.3%. Domestic MTN.   

 

EUR:

 

  • CDC issued €10m 10y NC3 callable due Aug 2033. Coupon pays 3.45% with single call in Aug 2026. Led by Commerzbank.

 

 

Related Topics

Most Popular