Institutional New Issues
April 20, 2021
800 716-6510
Please call or EMAIL with all inquiries, including corporates and munis.
NEW ISSUE OFFERINGS:
Agency MTNs (at par/100 unless designated)
FHLB 0.72 4/30/25, 4 yr NC 3 mo, qtrly; settles 4/30
FHLB 0.625 4/28/26, 5 yr NC 3 mo, qtrly, canary step-up; settles 4/28. The coupon is 0.625 to 4/23; 1.25 thereafter. The IRR at 100=0.996; YTC/YTW (07/28/21)=0,625.
FHLB 0.78 7/30/25, 4.25 yr NC 3 mo, qtrly; settles 4/30
FHLB 0.55 10/29/24, 3.5 yr NC 6 mo, qtrly; settles 4/29
FHLB 1.00 4/29/26, 5 yr NC 6 mo, qtrly; settles 4/29
Bullet CDs (at par/100 unless designated)*
2y (24mo-35mo)
BMW 0.20 SEM 4/24/2; settles 4/23
BMW 0.30 SEM 10/23/23; settles 4/23
First General Bk 0.10 MON 5/8/23; settles 5/7
First General Bk 0.10 MON 11/7/23; settles 5/7
First St B&T 0.15 MON 10/27/23; settles 4/28
Goldman Sachs Bk 0.15 SEM 5/5/23; settles 5/5
Toyota Financial Savings Bk 0.20 SEM 5/1/23; settles 4/29 NEW
3y (36mo-47mo)
BMW Bk 0.35 SEM 4/23/24; settles 4/23
First Bank of Richmond 0.20 SEM 5/7/24; settles 5/7 NEW
First Carolina Bk NC 0.30 MON 10/30/24; settles 4/30
First St B&T 0.25 MON 4/26/24; settles 4/28
First St B&T 0.30 MON 10/28/24; settles 4/28
Goldman Sachs Bk 0.25 SEM 5/6/24; settles 5/5
LCA Bk Corp 0.25 SEM 4/29/24; settles 4/28 NEW
Luana Savings Bk 0.20 SEM 5/7/24; settles 5/7
Luana Savings Bk 0.30 SEM 11/7/24; settles 5/7
4y (48mo-59mo)
Bridgewater Bk 0.55 MON 10/28/25; settles 4/28 UPSIZED
Ergo Bk WI 0.50 MON 4/27/26; settles 4/27
FNB of America 0.45 MON 4/30/25; settles 4/30
Haddon Savings Bk 0.45 SEM 4/28/25; settles 4/26
Luana Savings Bk 0.40 SEM 5/7/25; settles 5/7
Triad Bk Mo 0.40 MON 4/28/25; settles 4/28
Triad Bk MO 0.55 MON 10/28/25; settles 4/28
5y (60mo)
Community West Bk NA CA 0.70 MON 4/26/26; settles 4/23
Enterprise Bk 0.65 MON 5/7/26; settles 5/7 NEW
First Freedom Bk 0.70 4/23/26; settles 4/23
LCA Bk Corp 0.60 SEM 4/28/26; settles 4/28 NEW
Luana Savings Bk 0.55 SEM 5/7/26; settles 5/7
Malaga Bk FSB CA 0.55 MON 4/26/26; settles 4/23
Spring Bk NY 0.45 MON 4/30/26; settles 4/30
The Bk of Princeton NJ 0.50 MON 5/14/26; settles 5/14
Callable CDs (at par/100 unless designated)*
2y (24mo-35mo)
Webbank UT 0.20 SEM 5/1/23, 2 yr NC 3 mo, mo; settles 4/30
3y (36mo-47mo)
American NB, WI 0.30 MON 10/30/24, 42 mo, NC 6 mo, mo; settles 4/30 NEW
4y (48mo-59mo)
Bk of Wisco Dells 0.55 MON 4/28/25, 4 yr NC 1, mo; settles 4/28
BMO Harris Bk 0.70 QTR 4/28/25, 4 yr NC 3mo, qtrly; settles 4/28
Community West Bk 0.45 MON 4/30/25, 4 yr NC 1, qtrly; settles 4/30
Texas Exchange Bk 0.60 MON 4/23/25, 4 yr NC 3 mo, mo; settles 4/23
5y (60mo)
Community West Bk NA CA 0.75 MON 4/26/26, 5 yr NC 1, qtrly; settles 4/23
Grant County Bk 0.75 MON 4/29/26, 5 yr NC 3 mo, mo; settles 4/29
JPMorgan Chase 0.75 SEM 4/30/26, 5 yr NC 6 mo, s/a, step-up; settles 4/30. The coupon is 0.75 to 4/24; 1.0 to 10/25; 2.50 to 4/26. The IRR at 100=1.00; YTC (10/30/21)=0.75; YTW (10/30/22)=0.75.
Texas Exchange Bk 0.75 MON 4/23/26, 5 yr NC 3 mo, mo; settles 4/23
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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.