Institutional New Issues

January 22. 2021

800 716-6510

Please call or EMAIL with all inquiries, including corporates and munis.

NEW ISSUE OFFERINGS: 

Agency MTNs (at par/100 unless designated)

FHLMC 0.55 2/12/26, 5 yr NC 6 mo, qtrly; settles 2/12

FHLB 0.50 1/28/26, 5 yr NC 1, qtrly; settles 1/28

FHLB 0.35 2/19/26, 5 yr NC 6 mo, qtrly, step-up; settles 2/19.  The coupon is 0.35 to 8/23; 0.75 to 2/26.  The IRR at 100=0.549; YTC/YTW (08/19/21)=0.35.

FHLB 0.52 1/28/26, 5 yr NC 6 mo, qtrly; settles 1/28

Bullet CDs (at par/100 unless designated)*

2y (24mo-35mo)

BMW Bk 0.15 SEM 1/30/23; settles 1/29

John Marshall Bk 0.10 MON 1/27/23; settles 1/28

John Marshall Bk 0.10 MON 7/28/23; settles 1/28

Marlin Business Bk 0.10 MON 1/30/23; settles 1/29

Parkway B&T 0.15 SEM 1/30/23; settles 1/28

Preferred Bk 0.10 MON 1/30/23; settles 1/29

United Fidelity Bk 0.10 MON 2/6/23; settles 2/5

United Fidelity Bk 0.15 MON 5/5/23; settles 2/5

United Fidelity Bk 0.15 MON 8/4/23; settles 2/5

3y (36mo-47mo)

Bk of Santa Clarita 0.20 MON 2/5/24; settles 2/3

BMW Bk 0.25 SEM 1/29/24; settles 1/29

First Bk 0.15 MON 1/29/24; settles 1/29

First Commercial Bk 0.20 MON 7/29/24; settles 1/29

Hanmi Bk 0.20 MON 2/12/24; settles 2/12

Merrick Bk 0.20 MON 1/29/24; settles 1/29

Merrick Bk 0.30 MON 7/29/24; settles 1/29 

Preferred Bk 0.20 MON 1/29/24; settles 1/29

Tolleson Private 0.20 MON 2/26/24; settles 2/26

4Y (48mo-59mo)

1st Reliance 0.30 MON 1/29/25; settles 1/29

Commercial Bk, Harrogate TN 0.30 MON 1/27/25; settles 1/26

Enerbank 0.35 MON 1/29/25; settles 1/29

Exchange Bk 0.20 MON 1/27/25; settles 1/25

First Bk 0.40 MON 1/27/26; settles 1/27

First Commercial Bk 0.30 MON 1/29/25; settles 1/29

FortuneBank, MO 0.30 MON 2/5/25; settles 2/5

Industrial & Com Bk China 0.35 SEM 2/11/25; settles 2/11

Merrick Bk 0.40 MON 7/29/25; settles 1/29

Tolleson Private Bk 0.30 MON 2/26/25; settles 2/26

5y (60mo)

Central Bk 0.45 MON 1/27/26; settles 1/27

Commercial Bk, Harrogate TN 0.35 MON 1/26/26; settles 1/26

Enterprise Bk 0.40 SEM 1/26/26; settles 1/26

Exchange Bk 0.30 MON 1/27/26; settles 1/25

First Bk NJ 0.40 ON 1/27/26; settles 1/27

FortuneBank MO 0.40 MON 2/5/26; settles 2/5

Grand Bk, OK 0.40 MON 1/29/26; settles 1/29

Hometown Bk, AL 0.40 MON 1/29/26; settles 1/29

Industrial & Com Bk China 0.45 SEM 2/11/26; settles 2/11

Medallion Bk 0.45 MON 1/29/26; settles 1/29

Merrick Bk, UT 0.50 MON 1/29/26; settles 1/29

Midwest Independent BankersBank 0.45 MON 1/28/26; settles 1/28

The Farmers & Merchants 0.40 MON 1/28/26; settles 1/28

Callable CDs (at par/100 unless designated)*

2y (24mo-35mo)

TCM Bk, NA 0.15 MON 1/27/223, 2 yr NC 3 mo, mon; settles 1/28

3y (36mo-47mo)

First Choice Bk 0.15 MON 1/29/24, 3 yr NC 3 mo, mo; settles 1/28

Morgan Stanley Bk NA 0.20 QTR 1/27/24, 3 yr NC 1, s/a; settles 1/27

Texas Exchange Bk 0.30 MON 2/5/24, 3 yr NC 3 mo, mo; settles 2/5

4y (48mo-59mo)

Grant County Bk 0.30 MON 1/29/25, 4 yr NC 3 mo, mo; settles 1/29

Kennett Trust Bk 0.30 MON 1/29/25, 4 yr NC 3 mo, mo; settles 1/29

Texas Exchange Bk 0.45 MON 4/30/25, 4.25 yr NC 3 mo, mo; settles 2/5

5y (60mo) 

Bk of Grand Lake 0.40 MON 2/12/26, 5 yr NC 3 mo, mo; settles 2/12

Chambers Bk 0.45 SEM 1/27/26, 5 yr NC 3 mo, mo; settles 1/27

FNB of America, MI 0.50 MON 1/28/26, 5 yr NC 1, mo; settles 1/28

Investors Cmnty 0.50 MON 1/27/26, 5 yr NC 3 mo, mo; settles 1/27

JPMorgan Chase Bk 0.40 1/29/26, 5 yr NC 6 mo, s/a, step-up; settles 1/29.  The coupon is 0.40 to 7/24; 0.75 to 7/25; 1.5 to 1/26.  The IRR at 100=0.58; YTC/YTW (07/29/21)=0.40.

Morgan Stanley Bk NA 0.35 QTR 1/27/26, 5 yr NC 1, s/a; settles 1/27

Truxton Trust Co 0.40 MON 2/2/26, 5 yr NC 3 mo, mo; settles 2/1

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**American Express National Bank is the result of a merge between American Express FSB and American Express Centurion Bank...NOT separately insured from AXP FSB & AXP Centurion.

***State Bank of India, New York (FDIC Cert#33682) and State Bank fo India, Chicago, IL (FDIC Cert#33664) are branches of the same banking institution and do NOT receive separate FDIC insurance coverage.

*FDIC or NCUA insured to 250,000

ANN=Annual Interest Payments or Calls

CU=Credit Union

EXAMPLE: FHLB 5 yr NC 6 mo, mo, 5y maturity, non-callalbe for 6 months, then monthly calls

FEDL01=US Federal Funds Effective Rate

FCPR=Federal Reserve Bank Prime Loan Rate US

FCU=Federal Credit Union (Approved Municipalities Only)

IRR=Internal Rate of Return

MO or MON=Monthly Interest Payments or Calls

NC=Non call

ON=Overnight

QTR/QTRLY=Quarterly Interest Payments or Calls

S/A or SEM=Semi-Annual Interest Payments or Calls

SOFR=Secured Overnight Financing Rate

YTC=Yield to Call

YTW=Yield to Worst


This information is provided for institutional investors only. The information contained herein is based on sources and data believed to be reliable, but is not guaranteed.  Information is provided by Bloomberg Professional.  This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration of qualification under the securities law of any such jurisdiction.  Past performance is no guarantee of future results.