Varanasi Aurangabad Nh-2 Tollway Pvt Ltd (VARNSI) cfr

Redemption: 2028-03-05; Registration: 144J/Zxv O;

Vuasb Anuap PG-2 Niiu Rubpba Pbibba, ar Q3/QQQ- u Nugs/Ubbpn, TSV316i 144A/Bap S 9ap3 su sapnua abas na 2/28/34. ~7.1u RAP. VQ sia HU. Gbab rsl VQ (Q&V)/GSQU/SH. Hnuabul Fans Uapassbas Fab Rubpba Pbibba a Fans Uapassbas Faiu Rubpba Pbibba (bna pnuabaa bii a uaiasa a bna ba (b) nbpn bs aa uau iui bna Tubpbai Fssna Vba, u (bb) ibau bna bssnapa i bna Rupbsbai Uaubbibpba naa bna Raabap Rur Basaupa Ispu Sn-Appnab bs inaa iu bna ibusb bbia bbn a inab nbpn bs ab iass bna bna Bannbua Raabap Rurs Qiapa, nbpnapau bs ibau). Ubusb pii bal 3/5/28. TTRl Baru absbbap baui baabaaass & rua-ruiaab araasas Ura bapinbap Nu Nbabaaapa. PabBsnl nbbrsl//.aabusn.pi/aus/nia/#!/?sn1p79p4 (Bapiiaaa) TB Vbsbb .aabusn.pi a aabau bna uannasba aabuu pal VAPG25 (ab psa-saasbbbpa). Rubpbap 2/25. Sabbia 3/5 (N+6).FRNl 6.375% ua.RBFUIVl $317i 5.90% 2/28/34 100.00 5.90%.TNGIBlUii Ruaibni SbunpbnuaUiiia rsb uu 3 @ Ru + 75% pnraUiiia rsb uu 4 @ Ru + 50% pnraUiiia rsb uu 5 @ Ru + 25% pnraUiiia rsb uu 7 @ RuIrapba Rubapbri BaruiaabBaus0.511.522.533.544.5Nabuu iub %0.00%0.00%0.00%0.00%0.50%0.50%1.00%1.00%0.50%NUS %0.25%0.25%1.00%1.00%1.00%1.00%2.875%2.875%4.00%Baus55.566.577.588.5Nabuu iub %0.50%1.00%1.00%1.00%1.00%1.00%1.00%1.00%NUS %4.00%4.50%4.50%4.00%4.00%4.00%4.00%4.00%Fabbbi Rubpa Hnbapa6.375% uaTsa i Rupaas- Baru absbbap baui baabaaass & rua-ruiaab araasas- Ura bapinbap Nu NbabaaapaSapnubbuNna ibpbbas i bna Fssnau bbn uasrapb b bna TSV Qas bii a sapnua ul(b) ibusb uarbap rub rssn pnupa a bna Fssnaus ipia ssabs, bapinbap ii pnuuaab a aapnuuaab ssabs, bn ruasaab a inbnua, apinbap bna Ruapb Assabs (s aibaa ba bna Uapassba Apuaaiaab)(bb) ibusb uarbap rub rssn pnupa a ii ppnabs i bna Fssnau apinbap bna Vbsbubnbba Ispu Sn-Appnab (s aibaa ba bna Snrriaiaabuu Ispu Apuaaiaab) a ii uapabpias i bna Fssnau(bbb) ibusb uarbap rub rssn pnupa a ii babapbia ssabs i bna Fssnau apinbap bna Ruapb Assabs (s aibaa ba bna Uapassba Apuaaiaab)(bp) ibusb uarbap rub rssn ssbpaiaab i bna ubpnbs a naaubrbaps i bna Fssnau, bn ruasaab a inbnua, ba bna Ruapb Vpniaabs (s aibaa ba bna Uapassba Apuaaiaab) a(p) ibusb uarbap rub rssn riapa i ii i bna pbbap annbbu snua prbbi i bna Fssnau nai u bna Hnuabus (inabbap b b iasb 99.995% i bna bbi pbbap annbbu snua prbbi i bna Fssnau).Unapa i pabuiUnapa i Uabui ppnus naal- Nna buapb u babuapb sia, buasiau, papauapa u bnau bsrsbbba i bna ssab (bnau bna b bna Rauibbba Giaus)- Nna Rauibbba Giaus pasa b a bna aaaibpbi aaus i b iasb 51.0% i (b) bna Fssnau u (bb) rubu b bna pnuabaa uaiasa ba, au i bna HnuabusUnapa i Uabui Nubppaubap Ipaab iaas Unapa i Uabui a, bi bna Pbas ua uba, Bbbap VapibaaKau ppaaabs- Hua VSUB pasbunpb, bbn 100% bsbubnbbas iia b VSUB >1.4 50% bsbubnbbas iia b VSUB <1.4 a >1.3 a bsbubnbbas iia b VSUB <1.3. Fi VSUB <1.1, Ipaab i Vainib- Spnania iubbbbas a iabuu psn saars b aa i apn raub iui 0.5B aus- NN uasaupa ppnab- inas annbp b 50% i bna abbpbrba NN urs iu aab uau bii a ipra-nr ba bna pnuuaab uau- 6 iabns VSBA (bapinbap pnra, RGN a spnania iubbbbas, napa ruaibni)- Unra sbar nr pinsa (ba psa i ubbap apibaa iui babbbi ubbaps s pasannaapa i PGAF uannbua iaaiaab)l 1 abpn 50 rs, 2 abpnas 75 rsPbsbbapFab PEHpauabap iPa Bur iVaaibabbasTS$200,000 a babapui inibbrias i TS$1,000 ba apass bnauaiUiaubap SusbaiVNU / Inupiau / Uiausbuai