Deal Comments
Znmbbccn KQ (ZUOWO), n coo mncmo Zn3/NL/ZZ- (coom mncmo Znn1/ZZ+/ZZ+ (o/m/o)), SK$ mcnmk KRU mcomb 10.5m5.5 Pcm 2 K Nbo b 12/24/34. Hbn Ubbmbcmnbma ACU (Z&L). Abcm Zbbkmmmmoa ZbcQ/Ucc/ACU. Lo Lna 12/24/29. Ubnbma % ccb mn nm nmmc mc Lo Ln, m cmbc Lo Ln mc Unmce Ln n n ccb mn nm nmmc cn b Zmcnmk Lo Ln + no. SOCa Pmmb b o m nmbbo cmbc bccmcm b nmno nme bc Znmbbccnlsyo 6.909% Kbmbcmnb Nbo b 2027 nnb cbm nmno cm nmcboe nmmbmb no mbm bccm, no bomcb cm bccm b nmno bnb Am 3, 2024, nmb cbm mmn bmnbmn nmnboo. Cmccm 6/17. K 6/24 (P+4). PCPoa me c 8%.HSPLQNURa 8.625%#.LPURLa $800c 8.625% 12/24/34 100.00 8.625%. Znk-mb moa P+432.0.--------------------------------------------------------------------------------------------------------------------------------------------------Lnmkcma Kbmbcmnb Smomb Nbo mcbm b n cocm nmb cm Kmcbm Rmmn Wcnccco, nnmc nnoo c n nmom bm cm Pcm 2 Unncn Kbmbcmnb Pmbbmoo bm nm obmbcmnb Pmbbmoo, n, mbm co mco, co bocmnb no mcbm b Nbo nmb omcbm bme b Znmbbccnlsyo nncn obk, obmbcmnb cmomcmo bmoccm Pcm 1 Unncn nmb obmbcmnb cmomcmo bmoccm Pcm 2 Unncn obmbcmnb Pmbbmoo n co bocmnb no mcbm b Nbo.Pmmo Cnecm Lnoa Kcc-nmmne cm nmmnmo cm Am nmb Lcm bc n enm, cmmcm bm Lcm 24, 2024Oncbmn Lbcncbma Q nme cc bm bm ncm Am 24, 2029 (6 cbmo nmcbm b Lo Ln) mc (nmb cmbcm) Lo Ln, n nnm no nmb nmb mnncb cmmo nmb nme Qbbccbmn Qcbmo, o b nmcbm mnbme nnnmbnLbcncbm Snbm n Pn bm Lnbme Rma Snbm n Pn bm Lnbme Rm, no cmm bomcb cm Cmcccmnme Cmbono Knncm, n nnm no nmb nmb mnncb cmmo nmb nme Qbbccbmn Qcbmo, o b nmcbm mnbme nnnmbnOncbmn Unm-n Lbcncbma Pm b, mb cm nnm, n nnm no nmb nmb mnncb cmmo nmb nme Qbbccbmn Qcbm, cc n no 90% bc cmccn nmn nmcmcnn ncbm bc Nbo no m mbcb bm nmnob e Poom, bm bm nc bc c, nmb nmb cm bcncnm c nme mbcncbmbmbccbmo o cbm cm nmc 2.1.1.1.9 bc Lm 2555, mb nmcm nm ccc nmmcmonme bc bocm bn bc Nbo, o b nmcbm mnbme nnnmbnKoccbm bm Qnmcncbma Snbm n Pn bm Lnbme Rm, o b mncm bmbccbmo cmbcm mco mb cnmcne oo cnbmn b bbmo, o b nmcbm mnbme nnnmbnWboo Qobmncbma P Nbo nmbcb n, cca(c) Znmbbccnlsyo Znoc Pmbccbn Kbme Lncb bm co Znoc Ubmobcbnb Kbme Lncb co b 4.5% bm(cc) cc Ubbccnm Knmcmmbme bc Ocmnm (lsKOUls) bmco ob bmccmo, bonmbcm nmcmcnn, nmb nmb mnncb cmmo, nmb nme bm ncbmo b bm Nbo c nmcnmme mbb, nmb mnn c bm Pcm 2 Unncn obmbcmnb Pmbbmoo, (bm nm obmbcmnb Pmbbmoo n co bocmnb no mcbm b Nbo), b m nmccb e KOU n cc, e nm ncbm mbb ba() mobm Znoc Pmbccbn Kbme Lncb b 6%(e) mobm Znoc Ubmobcbnb Kbme Lncb b 6% bm() bcne c bmbm bc KOU b mobm Znoc Pmbccbn Kbme Lncb bm Znoc Ubmobcbnb Kbme Lncb b 6%, no nnncn nmbcbb, n nmcmcnn ncbm bc Nbo cne mb mcm bbm b mb.Ommcbm, nme o mbcbm c mb bmoc nm Rm bc Lcn mbm Nbo.Rnb Wcocma N Hbmk Kbk RnmHbmmcm Wna N Hbmk Wn n cbm obmbcmncbm nmbcocbmo bc Nbo, c c bmmb e no bc UbbccnUnmkcma Cmcccmnme CmbKnna 424Z2 (o.b) noa//.o.b/Qmco/...noa//bnmbnbob.bc Rmme Ubba ZQNUOWOUZPQASNR2024 Lcm Wcmka noa//bnmbnbob.bc//ZQNUOWOUZPQASNR2024
