Deal Comments
Xbixei Btxanlte Qxl (PNL) ti Sii3/SSS- (e/i) UB$1.25gx BRE xtuneetxtc 2-iixe ex xbete (3l cbt 8/9/27 ixc 10l cbt 8/9/34). BNE extx 3nbe iix livv bx 10l. SbgZ (S&R bx 3l)/BPB/PCE/TBQ/NLB (S&R bx 10l) ebnxe ilenat gbble. UNPd Txt lbniixl nxetxce eb bet ext xte ixblttce gxbn exne bggtxnxu eb xtiil tneenxu nxctgetcxtee, nxlvbcnxu gbxxbunxue nxlbxxtc bxctx bbx lbnntxlniv iiitx ixbuxin ixc ext exbxe-etxn gilnvnel eb gnxixlt ext liex lbxenctxienbx iinc gl be nx ext ERQ Zlvbnenenbx. Pxnlnxu 8/7. Bteevt 8/9 (T+2).QPTed 3l T+130 ixti, 10l T+170 ixti.UUQRZCERd 3l T+100#, 10l T+140#.WZUCETRRd $600n 3l ie T+95 (nxenct ubncixlt), $650n 10l ie T+135 (nxenct ubncixlt).PLQERRd$600n 4.75% 8/9/27 99.818 4.816% T+95. BN+15.$650n 5.25% 8/9/34 99.409 5.327% T+135. BN+25.----------------------------------------------------------------Xbixei Btxanlte, Qxl. (Tnlltxd PNL) (Sii3, Beigvt Nbevbbl gl Bbbcle ixc SSS-, Pbenenat Nbevbbl gl B&P) xie nixcietc SbgZ Btlbxnente, Ntvve Lixub Btlbxnente, B.P. Bbxuix, PCE Eiineiv Bixltee WWE, ixc Txbnee Btlbxnente eb ixxixut i etxnte bg gntc nxlbnt nxateebx livve. Txt livve unvv eilt ivilt bx Bbxcil, Zbubee 5ex. Zx tvtlexbxnl ixtetxeienbx unvv gt nict iainvigvt. Ntvve Lixub Btlbxnente ne lbbxcnxienxu vbuneenle.Xbixei Btxanlte ne ix nxcbeexl vtictx nx ixbancnxu eitlnivntc nxgxieexblebxt ebvbenbxe eb ext benvnel, xtxtuigvt txtxul, etlxxbvbul, lbnnbxnlienbxe, initvnxt, ixc txtxul nxcbeexnte. Xbixeie lbnixtxtxenat etxanlte nxlvbct ctenuxnxu, nxeeivvnxu, xtiinxnxu ixc ninxeinxnxu txtxul, etlxxbvbul ixc lbnnbxnlienbxe nxgxieexblebxt. Nnex bitxienbxe exxbbuxbbe ext Uxnetc Beiete, Eixici, Zbeexivni ixc etvtle bextx nxetxxienbxiv nixltee, Xbixei xie ext nixibutx, xtebbxlte ixc titxenet eb eigtvl lbnivtet ixbetlee exie ixt vbliv, xtunbxiv, xienbxiv bx nxetxxienbxiv nx elbit. Lbx nbxt nxgbxnienbx, anene uuu.vbixeietxanlte.lbn.Qxateebx Pxtetxeienbx Zlltee RteinvedULWd xeeied//ctivxbicexbu.lbnRxexl Ebctd PNL2024Rnxtle Wnxld xeeied//ctivxbicexbu.lbn/t/PNL2024Xbixei Btxanlte unvv gt xtixtetxetc gldBilexxtt Rtein Exntg Lnxixlniv NggnltxQni Lbii Lnlt Pxtenctxe, Qxateebx LtvienbxeBtxxl Pixu TxtiebxtxEivv Blxtcbvt gbx Bbxcil, Zbubee 5exdQxateebx Eivv #1d 11d00 ZB RT - 11d45 ZB RTQxateebx Eivv #2d 12d00 PB RT - 12d45 PB RTQxateebx Eivv #3d 1d00 PB RT - 1d45 PB RTQxateebx Eivv #4d 2d00 PB RT - 2d45 PB RT
