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 on secondaries, including Agencies, Corporates, Municipals, Treasuries, etc.

July 1, 2022

BOND MARKET CLOSE AT 11:00 PT.

Agency New Issue MTNs

There are no new issues so far this am.  

Bullet CDs (at par/100 unless designated)*

2y (24mo-35mo)

Ally Bk (FKA GMAC) 3.15 SEM 7/8/24; settles 7/7

Ally Bk (FKA GMAC) 3.20 SEM 1/7/25; settles 7/7

American Express Nat'l Bk 

Banc of CA NA

Barclays Bk

Beal Bk TX

Beal Bk USA

BMO Harris Bk

Capital One 3.30 SEM 7/8/24; settles 7/7

Capital One BK USA 3.30 SEM 7/8/24; settles 7/7

Connexus CU

Discover Bk

Goldman Sachs Bk 3.10 sem 7/15/24; SETTLES 7/13

Greenstate FCU 3.20 MON 7/15/24; settles 7/15

Morgan Stanley Bk NA

Morgan Stanley Private Bk 

Sallie Mae Bk 

State Bk of India NY

Synchrony Bk

UBS Bk USA

3y (36mo-47mo)

Ally Bk (FKA GMAC) 3.25 SEM 7/7/25; settles 7/7

Ally Bk (FKA GMAC) 3.30 SEM 1/7/26; settles 7/7

American Express Nat'l Bk

Barclays Bk

Beal Bk TX

Beal Bk USA

BMO Harris Bk

Capital One NA 3.40 SEM 7/7/25; settles 7/7

Capital One BK USA 3.40 SEM 7/7/25; settles 7/7

Connexus CU

Discover Bk

Goldman Sachs Bk 3.20 SEM 7/14/25; settles 7/13

Greenstate FCU 3.25 MON 7/15/25; settles 7/15

Live Oak Banking Inc

Morgan Stanley Bk NA

Morgan Stanley Private Bk

Sallie Mae Bk 

Synchrony Bk 3.35 SEM 7/8/25; settles 7/8

The Farmers & Merchants WI 3.20 MON 7/22/25; settles 7/22

UBS BK USA

USAlliance FCU

4y (48mo-59mo)

Ally Bk (FKA GMAC) 3.45 SEM 7/7/26; settles 7/7

Beal Bk TX

Beal Bk USA

Capital One NA

Capital One BK USA

Connexus CU

Discover Bk

Goldman Sachs Bk

Greenstate FCU 3.35 MON 7/15/26; settles 7/15

Morgan Stanley Bk

Morgan Stanley Private Bk

5y (60 mo)

American Express Nat'l Bk 

Beal Bk USA

Capital One NA 3.45 SEM 7/7/27; settles 7/7

Capital One BK USA 3.45 SEM 7/7/27; settles 7/7

Discover Bk 3.25 SEM 7/13/27; settles 7/13

Goldman Sachs Bk

Connexus CU

Morgan Stanley Bk NA

Morgan Stanley Private Bk

St Bk of India IL

Synchrony Bk

USAlliance FCU

Callable CDs (at par/100 unless designated)*

2y (24mo-35mo)

Ally Bk (FKA GMAC) 3.25 SEM 7/8/24, 2 yr NC 6, mthly; settles 7/8

Ally Bk (FKA GMAC) 3.30 SEM 1/7/25, 30 mo NC 6 mo, mthly; settles 7/8

BankUnited NA

Discover Bk 3.15 MON 7/15/24, 2 yr NC 6 mo, mthly; settles 7/13

Goldman Sachs Bk 3.35 SEM 7/8/24; 2 yr Nc 6 mo, mthly; settles 7/6

3y (36mo-47mo)

Ally Bk (FKA GMAC) 3.35 SEM 7/7/25, 3 yr NC 6 mo, mthly; settles 7/7

Ally Bk (FKA GMAC) 3.40 SEM 1/7/26, 42 mo NC 6 mo, mthly; settles 7/7

BMO Harris Bk NA 3.55 MON 7/11/25, 3 yr NC 6 mo, qtrly; settles 7/11

JP Morgan Chase 3.40 SEM 7/15/23, 3 yr NC 6 mo, s/a; settles 7/15

Morgan Stanley BK NA

Morgan Stanley Private Bk

4y (48mo-59mo)

Ally Bk (FKA GMAC) 3.45 SEM 7/7/26, 4 yr NC 6 mo, mthly; settles 7/7

First Finc'l Bk USA 3.25 MON 7/10/26, 4 yr NC 3 mo, mthly; settles 7/11

FNB of America

5y (60mo) 

First Finc'l Bk USA 3.30 MON 7/9/27, 5 yr NC 3 mo, mthly; settles 7/11

Morgan Stanley Bk NA

Morgan Stanley Private Bk

The Farmers & Merchants WI 3.40 MON 7/15/27, 5 yr NC 6 mo, mthly; settles 7/15

 

 

*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.