Structured Notes: New deals update

Wind Turbines
;
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:

 

  • NAB sold a $50m 20y NC7 zero coupon callable (non-Formosa). The GMTN matures Sep 2043, is callable once in Sep 2030 and has an estimated IRR of 5.79%. Self-led and announced Sep 11.  

     

  • SocGen sold a $100m 15y NC2 zero coupon callable (non-Formosa). The EMTN matures Sep 2038, is callable every 3m from Sep 2025 and has an estimated IRR of 5.30%. Lead unconfirmed  and announced Sep 08.  

     

  • JP Morgan sold a $190m 5y floating rate Formosa. The EMTN matures Sep 2028 and pays SOFR +100bps floored at 0%. Leads are Cathay, E.Sun, JPM, Mega International, President, Sinopac and Yuanta. Announced Sep 7.

     

  • Kommunalbanken sold a $50m 20y NC6 fixed callable. The EMTN matures Sep 2043, is callable twice in Sep 2029 and Sep 2037, and pays a 5.36% coupon. Lead is DZ and announced Sep 7.  

     

  • JP Morgan launched a self-led CMS steepener maturing Sep 2028 NC1 that pays 10% for the first year, then pays 10*(CMS2y/10y), floored at zero. Eurodollar.

     

  • IBRD sold a $100m 5y NC1 fixed callable. The EMTN matures Sep 2028 and is callable annually starting Sep 2024 and pays a coupon of 5.41%. Lead Nomura. Announced Sep 11.

     

  • NIB sold a $100m 3y NC2 fixed callable. The EMTN matures Sep 2026 and is callable Sep 2025 and pays a coupon of 5.06%. Lead CACIB. Announced Sep 8.

     

  • JP Morgan launched a self-led fixed callable maturing Sep 2033 NC2 that pays 6.15%. Domestic MTN.

     

  • JP Morgan launched a self-led fixed callable maturing Sep 2025 NC1 that pays 5.45%. EMTN.

     

  • JP Morgan launched a self-led fixed callable maturing Sep 2025 NC1 that pays 5.65%. Domestic MTN.

     

  • JP Morgan launched a self-led fixed callable maturing Sep 2028 NC1 that pays 6.1%. Domestic MTN.

     

  • JP Morgan launched a self-led fixed callable maturing Sep 2028 NC1 that pays 5.9%. Domestic MTN.

     

  • Bank of America launched a self-led step-up callable maturing Sep 2030 NC1 that pays 6% to Sep 2028 and 6.5% thereafter. Domestic MTN.

     

  • Barclays launched a self-led fixed callable maturing Jun 2028 NC3 that pays 7.12%. Domestic MTN. Credit linked to ArcelorMittal.

     

  • Royal Bank of Canada launched a self-led fixed callable maturing Sep 2024 NC6m that pays 5.4%. EMTN.

 

EUR:

 

  • NatWest Markets sold a €10m CMS-linked EMTN due Sep 2033. The note pays EUR CMS1010 +1.25% floored at 3% and capped at 7%. Self-led.

Related Topics

Most Popular