Institutional New Issues
"As Finance Directors, we are often asked to wear many hats and sometimes without much training. Working with Higgins Capital provides the high touch service needed by most Finance Directors to understand the investment world and do a good job with investment strategies."
- Finance Director/Treasurer -
800 716-6510
Please call, EMAIL, or text 858 251-1648 with all inquiries, including corporates and munis.
May 25, 2022
Agency New Issue MTNs
FHLB 2.20 6/16/23, 1 yr NC 6 mo, 1x; settles 6/16
FHLB 2.4 6/13/24, 2 yr NC 1, 1x, step-up; settles 6/13. The coupon is 2.4 to 6/23; 3.25 thereafter. The IRR at 100=2.819; YTC/YTW (06/13/23)=2.40.
FHLB 3.10 6/9/25, 3 yr NC 6 mo, cont; settles 6/9
FHLB 3.25 6/8/26, 4 yr NC 6 mo, cont; settles 6/8
FHLB 2.5 12/13/23, 1.5 yr NC 1, 1x; settles 6/13
FHLB 2.94 12/9/24, 2.5 yr NC 6 mo, cont; settles 6/9
FHLB 2.75 9/23/24, 2.25 yr NC 1, 1x; settles 6/23
FHLB 2.25 6/16/23, 1 yr NC 3 mo, qtrly; settles 6/16
FHLB 2.50 12/13/23, 1.5 yr NC 1, 1x; settles 6/13
Bullet CDs (at par/100 unless designated)*
2y (24mo-35mo)
Ally Bk (FKA GMAC) 2.80 SEM 6/3/24; settles 6/3
Ally Bk (FKA GMAC) 2.95 SEM 12/2/24; settles 6/3
American Express Nat'l Bk 2.85 SEM 6/3/24; settles 6/1
Barclays Bk 2.85 SEM 6/3/24; settles 6/2
Beal Bk TX 2.70 SEM 5/29/24; settles 6/1
Beal Bk USA 2.70 SEM 5/29/24; settles 6/1
Capital One 2.85 SEM 6/3/24; settles 6/2
Capital One BK USA 2.85 SEM 6/3/24; settles 6/2
Connexus CU 2.65
Discover Bk 2.85 SEM 6/3/24; settles 6/1
FNB Paragould AR 2.60 MON 6/10/24; settles 6/10
Goldman Sachs Bk
Intercredit Bk 2.55 MON 12/16/24; settles 6/15
Israel Discount Bk
Morgan Stanley Bk NA 2.85 SEM 6/3/24; settles 6/2
Morgan Stanley Private Bk 2.85 SEM 6/3/24; settles 6/2
Synchrony Bk
UBS Bk USA 2.75 MON 6/3/24; settles 6/2
UBS Bk USA
3y (36mo-47mo)
Ally Bk (FKA GMAC) 3.00 SEM 6/2/25; settles 6/2
Ally Bk (FKA GMAC) 3.05 SEM 12/2/25; settles 6/2
American Express Nat'l Bk
Barclays Bk 3.05 6/2/25; settles 6/2
Beal Bk TX 2.80 SEM 5/28/25; settles 6/1
Beal Bk USA 2.80 SEM 5/28/25; settles 6/1
Capital One NA 3.10 SEM 6/2/25; settles 6/2
Capital One BK USA 3.10 SEM 6/2/25; settles 6/2
Connexus CU
Discover Bk
Goldman Sachs Bk
Intercredit Bk 2.65 MON 6/16/25; settles 6/15
Live Oak Banking Inc
Morgan Stanley Bk NA 3.05 SEM 6/2/25; settles 6/2
Morgan Stanley Private Bk 3.05 SEM 6/2/25; settles 6/2
Synchrony Bk
UBS BK USA
USAlliance FCU
4y (48mo-59mo)
Ally Bk (FKA GMAC) 3.10 SEM 6/2/26; settles 6/2
Beal Bk TX 2.85 SEM 5/27/26; settles 6/1
Beal Bk USA 2.85 SEM 5/27/26; settles 6/1
Capital One NA 3.15 SEM 6/2/26; settles 6/2
Capital One BK USA 3.15 SEM 6/2/26; settles 6/2
Connexus CU
Goldman Sachs Bk
Morgan Stanley Bk 3.10 SEM 6/2/26; settles 6/2
Morgan Stanley Private Bk 3.10 SEM 6/2/26; settles 6/2
5y (60mo)
American Express Nat'l Bk
Beal Bk TX 2.90 SEM 5/26/27; settles 6/1
Beal Bk USA 2.90 SEM 5/26/27; settles 6/1
Capital One NA 3.20 SEM 6/2/27; settles 6/2
Capital One BK USA 3.20 SEM 6/2/27; settles 6/2
Discover 3.20 SEM 6/1/27; settles 6/1
Goldman Sachs Bk
Connexus CU
Morgan Stanley Bk NA 3.15 SEM 6/2/27; settles 6/2
Morgan Stanley Private Bk 3.15 SEM 6/2/27; settles 6/2
St Bk of India NY 3.35 SEM 6/1/27; settles 6/1
Synchrony Bk
USAlliance FCU
Callable CDs (at par/100 unless designated)*
2y (24mo-35mo)
Ally Bk (FKA GMAC) 2.85 SEM 6/3/24, 2 yr NC 6 mo, mthly; settles 6/3
BankUnited NA
Goldman Sachs Bk
3y (36mo-47mo)
Ally Bk (FKA GMAC) 3.05 SEM 6/2/25, 3 yr Nc 6 mo, mthly; settles 6/2
Ally Bk (FKA GMAC) 3.10 SEM 12/2/25, 42 mo NC 6 mo, mthly; settles 6/2
BMO Harris Bk
Morgan Stanley BK NA
Morgan Stanley Private Bk
4y (48mo-59mo)
Ally Bk (FKA GMAC) 3.15 SEM 6/2/26, 4 yr NC 3 mo, mthly; settles 6/2
Nat'l Bk of Commerce WI 3.10 MON 6/3/26, 4 yr NC 3 mo, mthly; settles 6/3
5y (60mo)
Drake Bk MN
1st Financial Bk USA SD 3.05 MON 5/28/27, 5 yr NC 1, mthly; settles 5/31
JP Morgan Chase Bk NA 3.20 SEM 5/28/27, 5 yr NC 6 mo, s/a; settles 5/28
Live Oak Banking Co
Morgan Stanley Bk NA
Morgan Stanley Private Bk
Nat'l Bk of Commerce WI 3.20 MON 6/3/27, 5 yr NC 3 mo, mthly; settles 6/3
Prime Alliance Bk 3.05 MON 6/9/27, 5 yr NC 6 mo, mthly; settles 6/9
*FDIC or NCUA insured to 250,000
**American Express National Bank is the result of a merger 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 of India, Chicago, IL (FDIC Cert#33664) are branches of the same banking institution and do NOT receive separate FDIC insurance coverage.
ANN=Annual Interest Payments or Calls
CU=Credit Union
EXAMPLE: FHLB 5 yr NC 6 mo, mo, 5y maturity, non-callable for 6 months, then monthly calls
FEDL01=US Federal Funds Effective Rate
FCPR=Federal Reserve Bank Prime Loan Rate US
FCU=Federal Credit Union (All or 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
USTMMR=US Treasury Money Market 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.
Disclaimer: The above testimonial may not be representative of the experience of other clients and is not indicative of future performance or success.