G-250 USD New Issue Supply with Trade Indicators for May 21, 2025

Citibank NA (C Aa3/A+)

$2Y Fixed (May 29, 2027) IPT +85 Area – attractive to 58/2Y

$2Y FRN (May 29, 2027) IPT SOFR Equiv

$5Y Fixed (May 29, 2030) IPT +105 Area – attractive to 75/5Y

$5Y FRN (May 29, 2030) IPT SOFR Equiv

BPCE SA (BPCEGP, Baa1/BBB+)

$ 6NC5 Fxd-to-FRN +155 Area – attractive to 126/5Y

$11NC10 Fxd-to-FRN IPT +175 Area – attractive to 148/10Y

G250 – Euro Supply May 21, 2025

Nordea Bank Abp (NDAFH, A3/A)

NOK1.3b 7Y FRN at 3mN+100

NOK1.4b 7Y Fixed at MS+89

Sumitomo Mitsui Financial Group Inc (SUMIBK, A1/A-)

€800m 7Y Fixed at MS+115

American Tower (AMT, Baa3/BBB)

€500m 7Y Fixed at MS+120

Disclaimer - This report is not intended as, and does not constitute an offer, or a solicitation to buy or sell any securities or financial instruments. All data, levels, opinions, and representations herein are provided for informational purposes only and should not be relied upon for making investment decisions. Past performance is not indicative of future results. The authors of this report assume no liability for losses or damages arising from the use of this information. Investors should consult with a qualified financial advisor before making any investment decisions. The information in this report is based on sources believed to be reliable, but no guarantee is made as to its accuracy, completeness, or timeliness.