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.