Deal Comments
Tut AXP Tzwtoh(AXP), trt esxwimtex wuxegs Tu1/TT/TT (s/s/s), GP$500m (ez gwzn) PXT wtgsxtwtw 30.5eu5.25 zrtw wuxt wtstx w sizwweuxtw ezxts wit 7/15/55. Jwsx Ztstx Yuxtboh7/15/30. ERK (T&Y)/PJP/KP/TATIT zex uuxtt zzgs. Iextwtsx Zuxtboh) zwzm uew euziweg Ytutmtw 4, 2024 xz, ix truziweg, Eiz 15, 2030 (xut Jwsx Ztstx Yuxt) ux xut wuxt zz % ttw ueeimoh() zwzm uew euziweg xut Jwsx Ztstx Yuxt, wiweg tuuu Ztstx Rtwzw ux u wuxt ttw ueeim tiuz xz xut Jtt-tuw G.P. Twtusiw Zuxt us zz xut mzsx wtutex Ztstx Iextwtsx Ytxtwmeuxze Yuxt tzis u stwtuw zz %, xz t wtstx ze tuuu Ztstx Yuxt. Iextwtsx Ztstx YuxtbohTut Jwsx Ztstx Yuxt uew Eiz 15 zz tttw zzxu tuw uzxtw 2030. Iextwtsx Ztstx RtwzwbohTut ttwzw zwzm uew euziweg xut Jwsx Ztstx Yuxt xz, ix truziweg, xut etrx zzzzzneg Ztstx Yuxt uew xutwtuzxtw tuuu ttwzw zwzm uew euziweg u Ztstx Yuxt xz, ix truziweg, xut etrx zzzzzneg Ztstx Yuxt. Ftxzeuz Ztwtmtxzeboh() Fe ue wu e xut ttwzw uzmmteueg ze xut wuxt zuzzeg 90 wus twzw xz xut Jwsx Ztstx Yuxt uew teweg ze uew euziweg xut Jwsx Ztstx Yuxtoh() Azxtw xut Jwsx Ztstx Yuxt, ze ue Iextwtsx Rumtex Yuxt, ux u wtwtmtxze twut e uusu tiuz xz 100% zz xut tweutuz umziex zz xut ezxts teg wtwttmtw, tzis uuuwitw uew ietuw extwtsx ze xut ezxts xz t wtwttmtw xz, ix truziweg, xut wtwtmtxze wuxtoh() Ie nuzzt ix ezx e tuwx, ux ue xmt zzzzzneg xut zuuiwwteut uew wiweg xut uzexeiueut zz u Tur Xttex ux u wtwtmtxze twut e uusu tiuz xz 100% zz xut tweutuz umziex zz xut ezxts, tzis uuuwitw uew ietuw extwtsx ze xut ezxts xz, ix truziweg, xut wtwtmtxze wuxt uewoh(t) Ie nuzzt ix ezx e tuwx, ux ue xmt zzzzzneg xut zuuiwwteut uew wiweg xut uzexeiueut zz u Zuxeg Agteu Xttex ux u wtwtmtxze twut e uusu tiuz xz 102% zz xut tweutuz umziex zz xut ezxts, tzis uuuwitw uew ietuw extwtsx ze xut ezxts xz, ix truziweg, xut wtwtmtxze wuxt. Ftxzeuz YtztwwuzbohTimizuxtt, zzw zet zw mzwt Ftxzeuz Ytztwwuz Rtwzws zz it xz 20 uzestuixtt stm-ueeiuz Iextwtsx Rumtex Rtwzws. GFRbohTz wttu trsxeg ewtxtwetss, euziweg zwwznegs iewtw xut wttzzteg zuuzx zz AXPs stezw uwtwx zuuzx, uew zzw gtetwuz uzwtzwuxt tiwtzsts. YtuzZzuwsuzn TegbohGZTbohuxxtsb//wtuzwzuwsuzn.uzmohXexw Tzwtb AXPYXT2024 Ywtux Tegbohuxxtsb//wtuzwzuwsuzn.uzm/t/AXPYXT2024. Rwueg 12/4. Ptxxzt 12/6 (T+2). TGPIRb 00130JTT7.IRTsboh7.375% uwtu.TAGXTJXYb $500m 30.5XT5.25 ux 6.95%.RZITXYboh$500m 6.95% 7/15/55 99.985 6.950%. Ztstx PtwtuwbohT+289.0.
