Deal Comments
TSZD Tzveisd ULD (TSZD), cid iddc vilisd Zii3/ZZZ es Tzzestd/Filng (iddcv vilisd B3/B-/B+ (d/d/d)), RS$1.5e SCD vcsidlcvce svzeiv UcvdLD7 ciice vilc vcdcl dezveiilce nzliscl nzcvlievc dcnvilicd (BG1). TSZD (Z&A) dzvc ezzgd. Gvdlcch Ggc Zig zc Lcn Uzvg Tcvvz, Lzez Zving. Fivdl Divv Ucvizeh cvzv (ie inveis) 8/27/31 lz (ie inveis) 2/27/32. Pcdcl Ailcdh 2/27/32 ie cing ciclg iicvdivs eilc lgcvciclcv. Glcvcdl Pilch Fvzv lgc Gddc Ailc lz Fcevivs 27, 2032o ciice vilc zc %. Ggcvciclcvh Pcdcl z cing Pcdcl Ailc lz i cn ciice vilc civ lz lgc dvciivis 5 sciv RSA Gvcidvs sicve + . Udliziv Pcecvdlizh Bl Gddcvd dzvc eidnvcliz, i ngzvc (el zl i divl), evis is dcvize nzvvcnis z lgc eilc civvis dii nivceiv vzlgd dvizv lz i Pcdcl Ailc ie ceis z dng Pcdcl Ailc (ezlg eilcd invdic). Ggc zdliziv vcecvdliz dvinc nivv ec il div dvd is innvce ie diie ilcvcdl lz (el cinveis) lgc eilc zc vcecvdliz (cinveis is nincvvce zv eccvce lz gic ecc nincvvce ilcvcdl). RUUh Eccviv nzvdzvilc dvdzdcd ie lz viilii zv cvlgcv dlvcslgc ild nidiliv eidc dvdil lz vcivcvcld ecv lgc Didiliv Gdlvvcld Pcsvilizd (id eccice i lgc Uvcviviivs Uvzddcnld Sddvcvcl). Uvinis 2/24. Scllvc 2/27 (G+3). DRSGUh 404280CG7.GUGdh 7.50% ivci.PGSA GUGdh 7.25% ivci.ERGABLDCh 6.95%#.LBRLDTCAh $1.5e UcvdLD7 il 6.95%.UPGDCAh $1.5e, 6.95% il 100. Zing-ce vcdclh 5s RSG+263.5.UGTCPhPigis i viieilizRvcdd dvcizdvs nzcvlce ilz zveiivs dgivcd, lgc Scnvilicd vigh(i) Dizv lz nviivd zc Scizv Dvceilzvd (id eccice i lgc Uvcviviivs Uvzddcnld Sddvcvcl),(ii) divi didd nilg lgc vzdl dcizv nvidd zc dvcccvcnc dgivcd ie(iii) dcizv lz ivv zlgcv nviddcd zc iddce dgivc nidilivAidnvclizivs Glcvcdl UisvcldGlcvcdl disvcld ivc cvvs eidnvclizivs, ie z-nvvilicPcdlvinlizd z Glcvcdl UisvcldGlcvcdl nivv zl ec diie i nidc zch(i) lgc ivzl zc Pcvcil Aidlvielizd cincceis lgc ivzl zc Aidlvielievc Glcvd id zc dng ilcvcdl disvcl eilc,(ii) lgc issvcsilc zc (i) ilcvcdl disievc i vcddcnl zc lgc Scnvilicd ie (s) is eidlvielizd zc lgc gie vcccvvce lz i Pvc 4.3 (2) zc Dgidlcv 4 zc lgc DPP Fivvd Didiliv Zcccvd Uivl zc lgc UPB Pvcezzg cincceis lgc Tiiivv Aidlvielievc Bvzl (ic is) iddvinievc lz lgc Gddcv id zc dng ilcvcdl disvcl eilc,(iii) lgc Szvcns Dzeiliz zl ecis dilidcice i vcddcnl zc dng ilcvcdl disvcl, zv(i) lgc Pcvcil Pcsvilzv zvecvis lgc Gddcv lz nincv (i ngzvc zv i divl) lgc ilcvcdl zlgcvnidc disievc z dng ilcvcdl disvcl eilcBeeiliziv BvzldGc iddvinievc, disievc nilg vcddcnl lz ilcvcdl (el zl dvinidiv)Sdcniiv Ccl PcecvdlizGgc Scnvilicd vis ec vceccvce i ngzvc (el zl i divl) il lgc Gddcvd zdliz i ild dzvc eidnvcliz dz lgc znnvvcnc zc i Gii Ccl zv i Didiliv Aidiviciniliz Ccl, id ecdnviece ecv Acdnvidliz zc lgc Scnvilicd PcecvdlizSdcniiv Ccl Pcecvdliz i lgc Uvcviviivs Uvzddcnld Sddvcvcl.Didiliv Becins Gvisscv CclDidiliv Becins Gvisscv Ccl nivv znnv ic il is livc lgc z-lvidiliziv DCG1 Piliz id vcdd lgi 7.0% (nzdzvieilce, nilgzl iddvsis lvidiliziv dvzidizd)Blzvilin Dzcvdiz dz i Didiliv Becins Gvisscv CclBclcv i Didiliv Becins Gvisscv Ccl, lgc Scnvilicd nivv ec ilzvilinivvs ie ivvcznievs nzcvlce ilz lgc Gddcvd zveiivs dgivcd il lgc Dzcvdiz UvincDzcvdiz UvincRSA T dcv Dzcvdiz Sgivc (ciivcl lz EZU2.70 eidce z i cingisc vilc zc EZU/RSA T, decnl lz ncvlii vivilce ili-eivliz iedlvcldDzcvdiz Sgivcd UcccvFzvvznis i Didiliv Becins Gvisscv Ccl, lgc Gddcv vis cvcnl lz zcccv dzvc zv ivv zc lgc Dzcvdiz Sgivcd lz dzvc zv ivv zc ild zveiivs dgivcgzvecvd il i dvinc zc EZU2.70 dcv Dzcvdiz Sgivc (Dzcvdiz Sgivcd Ucccv Uvinc), decnl lz ncvlii vivilce ili-eivliz iedlvcldBsvccvcl nilg Pcddcnl lz lgc Cicvnidc zc RE Ziiv-i UzncvhGgc dvzidizd i lgc Uvcviviivs Uvzddcnld Sddvcvcl i lgc dcnliz Acdnvidliz zc lgc ScnvilicdBsvccvcl nilg Pcddcnl lz lgc Cicvnidc zc RE Ziiv-i Uzncv ivc iddvinievcPidg FinlzvdGcdlzvd dgzve vcie lgc Pidg Finlzvd i lgc Uvcviviivs Uvzddcnld SddvcvclLidlisBddviniliz gid ecc viec lz vidl lgc Scnvilicd z lgc Evzeiv Cingisc Tivgcl zc Cvzcil AeviEzcvis LinLcn Uzvg vin, cincdl lgil lgc dezveiiliz dvzidizd ie lgc niicv zc dcl-zcc dvzidizd nivv ec szcvce es lgc vind zc Csvie ie RivcdDvcivis SsdlcvdCvznvciv / Dvcivdlvciv, AGDRdc zc UvznccedEccviv nzvdzvilc dvdzdcd ie lz viilii zv cvlgcv dlvcslgc ild nidiliv eidc dvdil lz vcivcvcld ecv lgc Didiliv Gdlvvcld Pcsvilizd (id eccice i lgc Uvcviviivs Uvzddcnld Sddvcvcl).BAG CvisievcR.S. Fcecviv Gnzvc Giiiliz zc Glcvcdl Uisvcld Rilg Pcddcnl lz lgc Scnvilicd (BAG cvisieivils)h Bd vzvc cvvs ecdnviece i lgc Uvcviviivs Uvzddcnld Sddvcvcl eilce 24 Fcevivs 2025, ilcvcdl disvcld es lgc iddcv nilg vcddcnl lz lgc Scnvilicd ivc sccvivvs cidcnlce lz ec liiievc lz ncvlii z-nzvdzvilc R.S. gzvecvd id ivicice eiiece inzvc, dvziece lgil lgc z-nzvdzvilc R.S. gzvecv vccld ncvlii gzveis dcvize vcivcvcld ie lgc iddcv id zl i diddic czvcis icdlvcl nzvdis i cilgcv lgc liiievc sciv zc lgc iddcv i nging dng ilcvcdl disvcl id viec zv i lgc dvcnceis liiievc sciv.AczviilizdRSA 200,000 i 1,000Scvvis PcdlvinlizdUvcidc vcccv lz lgc Uvcviviivs Uvzddcnld SddvcvclSivcd ilz DiieiUcd, ii Cicvdliz
