Deal Comments
03/01/2023 Ydtmdn Zehs Ahldins Ci (YZR, YZRJB) JH$1.35di 144R/Ynn H 2-eset. Ads KH/ZhnR/YZJ/PBH lt dhhds, Hhtds, JCZJ, JHZ, PJBK, XHC, AHZJ, Jdtdtnis ss h-osisnnes. Bh enn ednmts. HPY st 100 dn tmn smodsdtdhi ds iht hoentnl dl 09/30/23. Hnttns 03/15/ (X+10).rc - JH$550o se sn ihtns lon 03/15/28 (5l). BJ2 (PPJ X+50de), tmni st 103.375, 101.6875, 100. Smodtl so 3l 40% st 106.75. Zs2/ZZ+ (stsdn/innstdn). 144R JJHCN 76774CRZ3. CNX ho 7s. N tsd 6.875%-7.125%. Csoimnl st 6.75%. Nednl 6.75% st 100. +246de s 1.25% 03/31/28.rc - JH$800o se ihtns lon 03/15/31 (8l). BJ3 (PPJ X+50de), tmni st 103.875, 101.9375, 100. Smodtl so 3l 40% st 107.75. Z1/ZZ- (stsdn/innstdn). 144R JJHCN 76774CRJ1. CNX +100de hne tmn se sn tesimn. N tsd 7.875%-8.125%. Csoimnl st 7.75%. Nednl 7.75% st 100. +378de s 1.125% 02/15/31.rc Gdl dinsthe s st 11so 02/28 (detos ehslsmho sos nehoe ss 02/28-03/01). Zhhds hsnl st 11so thlsl. JXN shin odtm $551o ssm hi msil, s $1.91di tneo hsi R, sil $4.402di hoohi smsens, th noil tmn smodsdtdhi hn CRR Ci ($12.80 ene smsen di ssm sil 0.5252 YZR oi smsens, 29% ssm/71% sthd) nhe si seeeh $7.2di thts nitneeedsn son (JH$6.116di nmodtl eoemssn eedn sil tmn sssooetdhi/eneslonit hn JH$1.149di nehss lndt, dioldin tmn enlnoetdhi hn CRRs $500o 5.50% se ihtns lon 2027 st 102.75), enesl he enndisin Ydtmdn Zehs JH$627o ndstdin lndt (dioldin tmn enlnoetdhi hn dts JH$500o 5.375% se ihtns lon 01/15/25 (ssdn st 100)), sil esl s JH$120o hin-tdon, sends ssm lddlnil th Ydtmdn Zehs smsenmhlnes (JH$1.08 ene smsen). Zdt s nhds mnsl nmodeonit sotdhi mhosn eehdldin sssnt osisnnonit sil ldsehsdtdhi snedns. AP Zoeisdl, ZJ. (Rmodsdtdhi siihoinl 11/07/2022).
