INACTIVE - 4 - 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

Call, email debbie@higginscapital.com, or text me at (858 251-1648). 

We Shop The Street® so you don't have to, on new and secondary issues in Agencies, Corporates, Money Markets, Munis, Treasuries, etc.

Let me know your focus. With over 38 dealer-to-dealer relationships and inventories, let's find what you need. 

October 7, 2022

Agency New Issue MTNs, (at par/100 unless designated)

FHLB 4.25 10/11/23, 1 yr bullet; settles 10/11

FFCB FRN 10/17/24, 2 yr NC 1.5, qtrly; settles 10/17. The coupon is O/N SOFR +11.0.

FHLB 4.875 10/18/27, 5 yr NC 2, 1x; settles 10/18

FHLB 5.00 10/26/26, 4 yr NC 1, ann; settles 10/26

FHLB 4.50 10/27/23, 1 yr NC 6 mo, qtrly; settles 10/27

FHLB 5.00 10/27/25, 3 yr NC 1, qtrly; settles 10/27

FHLB 5.00 12/25/24, 2 yr NC 3 mo, qtrly; settles 10/25

Bullet CDs (at par/100 unless designated)*

2y (24mo-35mo)

Bell Bk, ND 4.10 MON 10/15/24; settles 10/13

BMW BK NA 4.20 SEM 10/15/2; settles 10/14

BMW BK NA 4.25 SEM 4/14/25; settles 10/14

BMO Harris Bk 4.30 SEM 10/15/24; settles 10/14

Capital One NA 4.30 SEM 10/15/24; settle 10/13

Discover Bk 4.35 SEM 10/10/24; settles 10/11

Farmers & Merchants Bk, WI 4.20 MON 10/21/24; settles 10/19

Farmers & Merchants Bk, WI 4.25 MON 4/21/25; settles 4/19

First Carolina Bk, NC 4.20 MON 10/1/2; settles 10/14

Great Plains FCU, MO 4.35 MON 10/21/24; settles 10/19

Morgan Stanley Bk NA 4.30 SEM 10/15/24; settles 10/13

Morgan Stanley Private Bk 4.30 SEM 10/15/24; settles 10/13

Mountain America FCU, UT 4.75 MON 10/15/24; settles 10/14

Sharonview FCU 4.25 MON 10/17/24; settles 10/17

Synchrony Bk 4.30 SEM 10/15/24; settles 10/14

UBS BK USA 4.30 MON 10/15/24; settles 10/12

United Bankers' Bk, MN 4.20 MON 1/114/2; settles 10/14

3y (36mo-47mo)

American Express Nat'l Bk 4.35 SEM 10/14/25; settles 10/12

Bell Bk, ND 4.15 MON 10/14/25; settles 10/13

Coastlife CU 4.25 MON 10/10/25; settles 10/11

Discover Bk 4.40 SEM 10/10/25; settles 10/11

Forbright Bk 4.25 MON 10/24/25; settles 10/26

UBS Bk USA 4.35 MON 10/14/25; settles 10/12

Synchrony Bk 4.35 SEM 10/14/25; settles 10/14

VYSTAR CU 4.40 MON 10/20/25; settles 10/18

4y (48mo-59mo)

Capital One NA 4.45 SEM 10/13/26; settles 10/13

Discover Bk 4.45 SEM 10/13/26; settles 10/11

VYSTAR CU 4.45 MON 10/19/26; settles 10/18

5y (60 mo)

Capital One NA 4.50 SEM 10/13/27; settles 10/13

Synchrony Bk 4.40 SEM 10/14/27; settles 10/14

VYSTAR CU 4.45 MON 10/18/27; settles 10/18

Callable CDs (at par/100 unless designated)*

2y (24mo-35mo)

Ally Bk 4.35 SEM 10/14/24, 2 yr NC 6 mo, mthly; settles 10/13

JPMorgan Chase 4.40 SEM 10/17/24, 2 yr NC 3 mo, qtrly; settles 10/17

3y (36mo-47mo)

Ally Bk 4.45 SEM 10/13/25, 3 yr NC 6 mo, mthly; settles 10/13

Chief Fin FCU 4.60 MON 10/14/25, 3 yr NC 1, mthly; settles 10/12

JPMorgan Chase 4.60 SEM 10/17/25, 3 yr NC 6 mo, s/a; settles 10/19

4y (48mo-59mo)

Chief FIN FCU 4.65 MON 10/13/26, 4 yr NC 1, mthly; settles 10/12

5y (60mo) 

Chief FIN FCU 4.70 MON 10/12/27, 5 yr NC 1, mthly; settles 10/12

 

*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, MON or mthly=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

Disclaimer: The above testimonial may not be representative of the experience of other clients and is not indicative of future performance or success.

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.