Structured Notes: New deals update

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Recent structured note activity in USD and EUR.

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USD:

 

  • Macquarie Group sold a $35m 5y floating rate Formosa due Sep 2028. The EMTN pays SOFR + 150bps and is led by CTBC and Yuanta. Announced Aug 18.

     

  • IBRD sold a $25m 10y NC2 fixed callable. The GMTN matures Aug 2033, is callable annually from Aug 2025 and pays a 5.75% coupon. Lead is WFS and announced Aug 18.

     

  • ING Bank is working on a $10m fixed callable maturing Aug 2033 NC4 that pays 6.1%. Lead N/A. EMTN.  

     

  • Citigroup is working on a self-led step-up callable maturing Aug 2030 callable Feb 2025 that pays 5.75% to Aug 2025, 6% to Aug 2028 and 6.25% thereafter. Domestic MTN.

     

  • Societe Generale is working on a self-led fixed callable maturing Aug 2028 NC6m that pays 6.15%. Domestic MTN.

     

  • Bank of Montreal is working on a self-led USD extendible with initial maturity Aug 2024 and then extendible to Aug 2026 that pays 5.85% to Aug 2024, then pays 6% and 6.5%, stepping up annually. Domestic MTN.

     

  • Bank of America is working on a self-led fixed callable maturing Sep 2028 NC1 that pays 6%. Domestic MTN.

     

  • Citigroup is working on a self-led fixed callable maturing Sep 2025 NC1 that pays 5.34%. EMTN.

     

  • BNP Paribas is working on a self-led $50m floating callable maturing Aug 2028 NC4 that pays O/N SOFR +130bps. EMTN.

     

  • Credit Agricole is working on a self-led fixed callable maturing Aug 2025 NC6m that pays 6%. Domestic MTN.

     

  • HSBC is working on a self-led fixed callable maturing Sep 2025 NC1 that pays 5.5%. Eurodollar.

     

  • UBS is working on a self-led fixed callable maturing Sep 2025 NC1 that pays 5.75%. EMTN.

     

  • UBS is working on a self-led fixed callable maturing Sep 2025 NC1 that pays 5.73%. EMTN.      

     

  • UBS is working on a self-led fixed callable maturing Sep 2026 NC1 that pays 5.48%. EMTN.      

     

  • Jefferies is working on a self-led floating to fixed callable maturing Aug 2028 NC2 that pays CMS1y +110bps to Aug 2025 and then pays 7%. Domestic MTN.

 

EUR:

 

  • Jefferies issued €15m CMS linked note due Aug 2043. Coupon pays 5.20% until Aug 2042. It then pays EUR 20y +520bps, capped at 6.5% and floored at 0%. Further details unavailable. Self-led

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