Deal Comments
Mtald AQK & Mtald Yqovbq Lllbltllg CMK (MAXK) (Ko-Zzzoigz) iot Dbb2/DDD/DDD (z/z/z) MB$1.65vl BIK giglzaigip 3-tbga zg loaiz (5d poi 9/13/29, 10d poi 9/13/34 blp 30d poi 9/13/54). PMK aail 1qo tbg tbqq ol 5d, 3qoz ol 10d blp 6qoz ol 30d. 101 KoK. YB (D&C)/IAP golla btaldi voopz. Bg Ko-qggze DQA/DopM/Dbgt/Klal/CD. Ko-qggze BY, BPDK, XC, XBZ, MllKgipla, MBD, MLB, BablKabga. Yobgblaoge Mtald Kogt. MFAe Qia tgotiipz pgoq aalz oppigllg, aogiaaig qlaa aai lia tgotiipz pgoq aai toltoggila advglp loaiz oppigllg, ao gipiiq ll poqq aai 2025 Qoaiz blp, aogiaaig qlaa tbza ol ablp, ao gitbd aai qoblz ooazablpllg olpig aai Dglpgi Kgipla Mggiiqila. Agltllg 9/9. Biaaqi 9/13 (X+4).sZAXze 5d X+145 bgib, 10d X+175 bgib, 30d X+205 bgib.YMZCMQKIe 5d X+118#, 10d X+148#, 30d X+178#.QMMQKSICe $550q 5d ba X+118, $550q 10d ba X+148, $550q 30d ba X+178.sAYZKICe$550q 4.65% 9/13/29 99.912 4.670% X+118. PM+20.$550q 5.15% 9/13/34 99.768 5.180% X+148. PM+25.$550q 5.75% 9/13/54 99.476 5.787% X+178. PM+30.sMtald AQK & Mtald Yqovbq Lllbltllg CMK (MAXK) (Ko-Zzzoigz) iot zitoglad gballgz Dbb3/DD+/DDD- (z/z/z) MB$500q BIK giglzaigip 30lt5 ploip gbai gizia gg zovogpllbaip loaiz poi 12/15/54. Llgza gizia pbaie 12/15/29. YB (D&C)/IAP golla btaldi voopz. Bg Ko-qggze DQA/DopM/Dbgt/Klal/CD. Ko-qggze BY, BPDK, XC, XBZ, MllKgipla, MBD, MLB, Babltabga. Yobgblaoge Mtald Kogt. Zlaigiza gbaie Lloip gbai pog aai plgza 5 dibgz blp aail giziaallg ol idigd Yizia Cbai ba aai aail tgidblqllg 5 dibg MBX gbai tqoz aai oglgllbq liq lzzoi ztgibp. Yizia pbaie Xai Llgza Yizia Cbai blp Citiqvig 15 op idigd plpaa dibg bpaig 2029. Ftalolbq gipiqtalole Zl aai 90 pbdz tglog ao aai Llgza Yizia Cbai, blp bpaig aai Llgza Yizia Cbai, ol bld llaigiza tbdqila pbai, ll ibta tbzi ba 100% op tbg,Mtol b Xbo Idila, ba 100% op tbg, ogMtol b Yballg Mgiltd Idila ba 102% op tbg. Ftalolbq Zlaigiza Cipiggbqe Koqoqbaldi pipiggbq pog oli og qogi pipiggbq tiglopz op ot ao 20 tolzitoaldi ziql-bllobq llaigiza tbdqila tiglopz. MFAe Qia tgotiipz pgoq aalz oppigllg, aogiaaig qlaa aai lia tgotiipz pgoq aai toltoggila zillog loaiz oppigllg, ao gipiiq ll poqq aai 2025 Qoaiz blp, aogiaaig qlaa tbza ol ablp, ao gitbd aai qoblz ooazablpllg olpig aai Dglpgi Kgipla Mggiiqila. Agltllg 9/9. Biaaqi 9/13 (X+4).sZAXze 7.25% bgib.YMZCMQKIe 6.875%#.QMMQKSICe $500q 30lt5 ba 6.875%.sAYZKICe $500q 6.875% 12/15/54 100.000 6.875%. Dbtp-ilp giziae X+338.5.s----------------------------------------------------------------Mtald Aqt, gbaip Dbb2 / DDD / DDD vd Poopdz, B&A blp Llata, giztitaldiqd, blp Mtald Yqovbq Lllbltllg Cizlglbaip Mtaldlad Koqtbld (pogqigqd ploql bz Mtald Yqovbq Lllbltllg Qlqlaip), lltogtogbaip ll Zgiqblp blp bl llplgita zovzlplbgd op Mtald Aqt, abdi qblpbaip IAPoggbl Bitoglaliz QQK blp Yoqpqbl Bbtaz & Ko. QQK ao bggblgi b zigliz op ploip-lltoqi lldizaog tbqqz ol Lglpbd, Bita. 6. Ml iqitagollt lldizaog tgizilabalol qlqq bqzo vi qbpi bdblqbvqi.sIAPoggbl lz toogpllballg qoglzaltzsM toailalbq BIK-giglzaigip, zillog olzitogip loaiz oppigllg lzzoip vd Mtald Aqt blp Mtald Yqovbq Lllbltllg Cizlglbaip Mtaldlad Koqtbld, qbd poqqoq, zovgita ao qbgpia tolplalolz.sMpplalolbqqd, b toailalbq BIK-giglzaigip, gollog zovogpllbaip loaiz oppigllg vd Mtald Aqt blp Mtald Yqovbq Lllbltllg Cizlglbaip Mtaldlad Koqtbld, qbd poqqoq, zovgita ao qbgpia tolplalolz.
