Structured Notes: New deals update

USD:

• EBRD sold a $50m 20y NC6 zero coupon callable (non-Formosa). The EMTN matures Sep 2043 and is callable every two years starting Sep 2029. Lead Barclays. Estimated IRR 5.43%. Announced Sep 6.

   

• Bank of America launched a self-led fixed callable maturing Sep 2033 NC2 that pays 6%. Domestic MTN.

   

• Bank of America launched a self-led fixed callable maturing Sep 2025 NC6m that pays 5.5%. CD format. Domestic.

   

• Bank of America launched a self-led fixed callable maturing Sep 2028 NC1 that pays 5.9%. Domestic MTN.

   

• Nomura sold a self-led dual ranger maturing Sep 2028 NC1 that pays 6.9%*days S&P is greater than or equal to 3500 and AUD/USD is greater than or equal to 0.58. EMTN.  

   

• UBS sold a self-led step-up callable maturing Sep 2025 NC18m that pays 5.76% to Sep 2024, and 5.77% thereafter. EMTN.

   

• Toronto Dominion launched a self-led fixed callable maturing Sep 2028 NC1 that pays 6.15%. GMTN.

   

• Toronto Dominion launched a self-led fixed callable maturing Sep 2027 NC1 that pays 6.1%. GMTN.

   

• Royal Bank of Canada sold a self-led $10m floating callable maturing Sep 2033 NC4 that pays 1y ICE SOFR +155bps. EMTN.  

   

• Royal Bank of Canada launched a self-led fixed callable maturing Sep 2043 NC3 that pays 6.05%. GMTN.  

   

• Verizon Communications launched a fixed callable via InspereX maturing Sep 2053 NC1 that pays 5.75%. Domestic MTN.

   

• Verizon Communications launched a fixed callable via InspereX maturing Sep 2030 NC1 that pays 5.4%. Domestic MTN.

   

• Dow Chemical launched a fixed callable via InspereX maturing Sep 2028 NC6m that pays 5.1%. Domestic MTN.

   

• Dow Chemical launched a fixed callable via InspereX maturing Sep 2033 NC6m that pays 5.45%. Domestic MTN.

   

• Dow Chemical launched a fixed callable via InspereX maturing Sep 2053 NC6m that pays 6.05%. Domestic MTN.