Institutional New Issues
July 27, 2021
800 716-6510
Please call or EMAIL with all inquiries, including corporates and munis.
Agency New Issues MTNs (at par/100 unless designated)
FHLB 0.30 8/19/25 4 yr NC 3 mo, qtrly, step-up; settles 8/19. The coupon is 0.30 to 8/22; 0.60 to 8/23; 1.2 to 8/24; 2.4 to 8/25. The IRR at 100=1.115; YTC/YTW (11/19/21)=0.30.
FHLB 0.41 8/23/24, 3 yr NC 9 mo, 1x; settles 8/23
FFCB 0.09 2/2/23, 1.5 yr NC 3 mo, cont; settles 8/2
FHLB 0.35 2/18/25, 3.5 yr NC 3 mo, qtrly, step-up; settles 8/18. The coupon is 0.35 to 2/23; 0.50 to 8/23; 0.75 to 2/24; 1.0 to 8/24; 1.5 to 2/25. The IRR at 100=0.683; YTC/YTW (11/18/21)=0.35.
FHLB 0.27 11/9/23, 2.25 yr NC 3 mo, qtrly; settles 8/9
Bullet CDs (at par/100 unless designated)*
2y (24mo-35mo)
BMW Bk 0.30 SEM 7/31/23; settles 7/30
BMW Bk 0.45 SEM 1/30/24; settles 7/30
Industrial & Commercial Bk of China 0.25 SEM 8/18/23; settles 8/20 NEW
Sallie Mae Bk 0.30 SEM 8/4/23; settles 8/4 NEW
St Bk of India NY 0.25 SEM 7/31/23; settles 7/30
Transportation Alliance Bk (TAB 0.25 MON 1/23/24; settles 7/30
UBS Bk USA 0.30 MON 8/11/23; settles 8/11 NEW
3y (36mo-47mo)
American Plus Bk NA 0.30 MON 2/20/25; settles 8/20
BMW Bk 0.55 SEM 7/30/24; settles 7/30
Commercial Bk 0.35 MON 2/7/25; settles 8/6
Goldman Sachs Bk 0.60 SEM 8/5/24; settles 8/4
Greenstate CU FKA University of Iowa CU 0.50 MON 7/30/24; settles 7/30
Sallie Mae Bk 0.0.60 SEM 8/5/24; settles 8/4 NEW
Transportation Alliance Bk (TAB) 0.35 MON 7/30/24; settles 7/30
Transportation Alliance Bk (TAB) 0.40 MON 1/30/25; settles 7/30
UBS Bk USA 0.55 MON 8/12/24; settles 8/11 NEW
4y (48mo-59mo)
Goldman Sachs Bk 0.70 SEM 8/4/25; settles 8/4
Greenstate CU (IA) FKA Uni of Iowa CU 0.75 MON 7/30/25; settles 7/30
Live Oak Banking Co 0.55 MON 7/30/25; settles 7/30
5y (60mo)
Exchange Bk 0.60 MON 8/6/26; settles 8/6
Goldman Sachs Bk 1.00 SEM 8/4/26; settles 8/4 NEW
Greenstate CU FKA University of Iowa CU 0.95 MON 7/30/26; settles 7/30
Live Oak Banking Co 0.75 MON 7/30/26; settles 7/30
Sallie Mae Bk 1.00 SEM 8/4/26; settles 8/4 NEW
UBS Bk USA 0.95 MON 8/11/26; settles 8/11 NEW
Callable CDs (at par/100 unless designated)*
2y (24mo-35mo)
Goldman Sachs Bk 0.40 MON 8/4/23, 2 yr NC 6 mo, mo; settles 8/4
3y (36mo-47mo)
Texas Exchange Bk 0.50 MON 7/30/24, 3 yr NC 3 mo, mo; settles 7/30
4y (48mo-59mo)
Exchange Bk 0.45 MON 8/6/25, 4 yr NC 3 mo, mo; settles 8/6
JPMorgan Chase Bk 0.60 SEM 10/30/25, 4.25 yr NC 6 mo, s/a; settles 7/30
USA Alliance FCU 0.60 MON 7/30/25, 4 yr NC 6 mo, mo; settles 7/30
5y (60mo)
First Nat'l Bk of America 0.60 MON 7/30/26, 5 yr NC 3 mo, mo; settles 7/30
JPMorgan Chase 0.70 SEM 7/30/26, 5 yr NC 6 mo, s/a, step-up; settles 7/30. The coupon is 0.70 to 1/25; 1.0 to 1/26; 2.0 to 7/26. The IRR at 100=0.88; YTC (01/30/22)=0.70; YTW (01/30/23)=0.70.
Texas Exchange Bk 0.75 MON 7/30/26, 5 yr NC 3 mo, mo; settles 7/30
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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 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.