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 -
December 6, 2021
800 716-6510
Please call, EMAIL, or text 858 251-1648 with all inquiries, including corporates and munis.
Agency New Issue MTNs (at par/100 unless designated)*
FHLB 0.70 12/29/23, 2 yr NC 6 mo, qtrly; settles 12/29
FHLB 1.20 6/10/25, 3.5 yr NC 6 mo, qtrly; settles 12/10
FHLB 1.05 9/17/24, 2.75 yr NC 3 mo, qtrly; settles 12/17
FHLB 1.625 12/30/25, 5 yr NC 3 mo, qtrly; settles 12/30
FHLB 0.9875 3/28/24, 2.25 yr NC 3 mo, qtrly; settles 12/28
FHLB 1.525 12/30/26, 5 yr NC 6 mo, qtrly; settles 12/30
FHLB 1.15 12/30/24, 3 yr NC 3 mo, qtrly; settles 12/30
FHLB 1.50 12/30/26, 5 yr NC 6 mo, qtrly; settles 12/30
FFCB 0.66 12/13/23, 2 yr NC 6 mo, cont; settles 12/13
FHLB 1.45 12/29/26, 5 yr NC 6 mo, cont; settles 12/29
FHLB 1.28 12/29/25, 4 yr NC 6 mo, cont; settles 12/29
FHLB 1.07 12/23/24, 3 yr NC 6 mo, cont; settles 12/23
FHLB 1.50 6/30/26, 4.5 yr NC 3mo, qtrly; settles 12/30
FHLB 1.05 9/30/24, 2.75 yr NC 3 mo, qtrly; settles 12/30
FHLB 1.30 9/30/25, 3.75 yr NC 3 mo, qtrly; settles 12/30
Bullet CDs (at par/100 unless designated)*
2y (24mo-35mo)
BMW Bk 0.55 SEM 12/11/23; settles 12/10
BMW Bk 0.75 SEM 6/10/24; settles 12/10
Goldman Sachs Bk 0.60 SEM 12/15/23; settles 12/15
St. Bk of India 0.55 SEM 12/11/23; settles 12/10
Synchrony Bk 0.55 SEM 12/11/23; settles 12/10
3y (36mo-47mo)
BMW Bk 0.90 SEM 12/10/24; settles 12/10
Farmers Bk & Trust 0.60 MON 12/31/24; settles 12/31
Fourth Capital Bk 0.60 QTR 12/30/24; settles 12/29
Goldman Sachs Bk 0.85 SEM 12/16/24; settles 12/15
St. Bk of India 0.90 SEM 12/10/24; settles 12/10
Synchrony Bk 0.90 SEM 12/10/24; settles 12/10
Valliance Bk 0.60 MON 12/31/24; settles 12/31
4y (48mo-59mo)
Goldman Sachs Bk 1.00 SEM 12/15/25; settles 12/15
Insbank 0.80 MON 112/23/25; settles 12/23
Merrick Bk 1.05 MON 12/16/25; settles 12/16
Merrick Bk 1.10 MON 6/16/26; settles 12/16
5y (60mo)
Exchange Bk 0.90 MON 12/22/26; settles 12/22
St. Bk of India 1.20 SEM 12/10/26; settles 12/10
Synchrony Bk 1.25 SEM 12/10/26; settles 12/10
Callable CDs (at par/100 unless designated)*
2y (24mo-35mo)
TCM Bk NA 0.45 MON 12/13/23, 2 yr NC 5 mo, mthly; settles 12/13
3y (36mo-47mo)
TCM Bk NA 0.75 MON 12/13/24, 3 yr NC 5 mo, mthly; settles 12/13
4y (48mo-59mo)
Community Bk of the Bay 0.95 MON 12/22/25, 4 yr NC 3 mo, mthly; settles 12/22
Insbank 0.90 MON 6/19/26, 4 yr NC 6 mo, mthly; settles 12/20
TCM Bk NA 0.90 MON 12/12/25, 4 yr NC 5 mo, mthly; settles 12/13
Texas Exchange Bk 1.15 MON 4/10/26, 4.33 yr NC 3 mo, mthly; settles 12/10
5y (60mo)
First Oklahoma Bk 1.00 MON 12/31/26, 5 yr NC 3 mo, mthly; settles 12/31
Fourth Capital Bk TN 1.00 QTR 12/29/26, 5 yr NC 3 mo, mthly; settles 12/29
JPMorgan Chase Bk 0.90 SEM 12/17/26, 5 yr NC 6 mo, s/a, step-up; settles 12/17. The coupon is 0.90 to 12/24; 1.25 to 6/26; 3.0 to 12/26. The IRR at 100=1.208; YTC (06/17/22)=0.90; YTW (12/17/24)=0.90.
Morgan Stanley Private Bk, NA 1.10 SEM 12/22/26, 5 yr NC 1, s/a; settles 12/22
Texas Exchange Bk 1.25 MON 12/10/26, 5 yr NC 3 mo, mthly; settles 12/10
EMAIL me for a faster response.
**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 of 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-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 (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.