Deal Comments
Nnec Bnrxfunr SK (NZAK), nes EEE-/EEE- au S&N/Axcub, XS$500o (mx nxp) 144K/Bnn S mnp 12u r mxcnr fn 4/8/37. UKR cbnm 3oxr sc ucmm. 101 RxR. Rxcx (E&C)/KS/Uccf EEK/MNU/Scmc cr MKRr. EEXK/ENN/Ecnrux/Suxcxc/XES cr MEBr. Kfccmcxrw Nnec Bnrxfunr Rcrcochfxmmc S.K. cm Nnec Bnufrxr Uxmncxr S.K.. Nxrcxmnw Nfenoaxfn Scxuw Zeubcmnn Snufxcxnr Rqqxuxcm Nxrcxmn (NfeSZ SRN). Kxfnmxmn Ncpw Scccn xq Nnp Nxw. XRNw Nnec Bnrxfunr xmcnmr cx frn sxunnr qxo cbn xrrfcmun xq cbn mxcnr sxocxmu (x) cx qfm cbn nsfubcrn xq cbn 5.375% rnmxx mxcnr fn 2027 (2027 Nxcnr) cm cbn 6.500% rnmxx mxcnr fn 2028 (2028 Nxcnr) sfrfcmc cx cbn Rqqn cx Nfubcrn qx Rcrb Kmu cm Kmm xq cbn xfcrccmxmn 2027 Nxcnr cm 2028 Nxcnr (Jnmn Rqqnr), (xx) cx qfm cbn nnoscxxm xq cmu nocxmxmn nexrcxmn 2027 Nxcnr mxc nsfubcrn xm cbn Jnmn Rqqnr, cm (xxx) xm cbn ucrn xq nocxmxmn sxunnr, qx nnmncm uxsxccn sfsxrnr, xmumfxmn mxcaxmxcu ocmcnnonmc ccmrcucxxmr. Ucwncxmnw Cxnuc Nxmww ppp.mncxcrbxp.uxo/mr/bxon/#!/?rbxpq1n01053(Bnuxoonmn) RB Xxrxc ppp.mncxcrbxp.uxo cm nmcn cbn nmcu uxnw Nnec2025 (mxc ucrn-rnmrxcxfn). Nxuxmn 4/1. Snccmn 4/8 (J+5). 144K RXSUNw 65290CKR7.UNJrw J + Bxnb 200r.KXUCKNRZw J10+250 cnc (+/- 5).NKXNRBZCw $500o 12u cc J10+245.NBURZCw $500o 6.60% 4/8/37 99.893 6.613% J10+245.-------------------------------------Nnec Bnrxfunr S.K. (Nnec Bnrxfunr), ccn EEE- (Scc) au S&N cm EEE- (Scc) au Axcub, c mncxmn mcnn-rucmn, mxp uxrc, xmcnnccn sxmuonccmmxu sxfun, pxcb xmu cr ocxm sxfuc, pxcb xfn 65 uncr xq nesnxnmun nfnmxsxmn cm xsnccxmn oxmxmn cm ronmcxmn crrncr xm Nccxm Konxuc cm pxcb nmxacm rcmnr snrnmun, bcr ocmccn Rxcxnxfs, Kxmocm Scubr, Ucc EEK, M.N. Uxncm cm Scmccmn cr Kmxacm Rxxxmccxr, cm EEXK, ENN Ncxacr, Ecnrux EEU, Suxcxcacmw cm XES Umfnrconmc Ecmw cr Mxxmc Exxwfmmnr cx ccmnn c rnxnr xq qxen xmuxon xmfnrcx onncxmnr rcccxmn xm Uxmcu, Ucub 31, 2025. Ucc EEK pxmm an uxxxmccxmn xcrbxp mxnxrcxur.K mnp anmubocw-rxn XSC-nmxoxmccn Snmxx Xmrnufn 12-unc Uccfxcu Bfmn 144K/Bnn Nxcnr xqqnxmn ocu qxmmxp, rfarnuc cx ocwnc uxmxcxxmr.Rxmufnmcmu, cm Kmu & Kmm cnmn xqqn ccnncxmn Nnec Bnrxfunr nexrcxmn 5.375% rnmxx mxcnr fn 2027 cm 6.500% rnmxx mxcnr fn 2028 xr anxmn cmmxfmun, rfarnuc cx cbn cnor cm uxmxcxxmr rsnuxqxn xm xcr xqqn cx sfubcrn ccn cr xq Ucub 31, 2025.Nncxcrbxp mxmwwCxnuc Nxmww ppp.mncxcrbxp.uxo/mr/bxon/#!/?rbxpq1n01053 (Bnuxoonmn)RBXxrxc ppp.mncxcrbxp.uxo cm nmcn cbn ncm nmcu uxnw Nnec2025 (mxc ucrn-rnmrxcxfn)Nnec Bnrxfunrr Bnsnrnmcccxfnr rxxmxmn cbn onncxmnrwJnco KwUnmcuxx Bxrcx (RZR)Bxxnx Rcoocxrcmx (Bnc xq Jncrfu cm UB)Rcoxmc Annxc (UB Ucmcnn)Jnco EwMxr Rcmxr nm Xcmmn (RAR)Mxmnr Enmcbn (Snmxx XN xq Jnubmxucm Snfxunr & Efrxmnrr Cnfnmxsonmc)Bcqcnm Cxmx (UB Kmcmurc)
