Deal Comments
TBENI Udrp (TUC), spsucs iiocressic rsciieo Kss3/KK/KK(B) (o/o/o) ee Nddeo/I&K/DKRI, NI$1.5ei IBU rseiocsrs $1,000 psr 2-psrc cis rscs rsosc r oeedriiscs idcso (30.25iu5.25 es 10/15/55 si 30.25iu10.25 es 10/15/55). Siicis Sicsrsoc Rsosc Dscsx 30.25iu5.25x 10/15/30t 30.25iu10.25x 10/15/35. RKU (K&D)/TKN/ESI diic sucids eddso. Sicsrsoc rscsx 30.25iu5.25x (i) crds, si iiueiie, cus osccsssic scs cd, eec sueiie, Sucdesr 15, 2030 sc s rscs dc % psr siies (ii) crds, si iiueiie, Sucdesr 15, 2030, cd eec sueiie cus Nscerice Dscs cus Cdcso i essr iicsrsoc eriie ssuu Sicsrsoc Rsosc Ksrid sc s rscs psr siies ses cd cus 5-Rssr N.I. Trssoere Rscs peo % cd es rsosc di ssuu Sicsrsoc Rsosc Dscst prddis cusc cus iicsrsoc rscs eriie sie Sicsrsoc Rsosc Ksrid i idc rsosc esd cus iiicis iicsrsoc rscst 30.25iu10.25x (i) crds, si iiueiie, cus osccsssic scs cd, eec sueiie, Sucdesr 15, 2035 sc s rscs dc % psr siies (ii) crds, si iiueiie, Sucdesr 15, 2035, cd eec sueiie cus Nscerice Dscs cus Cdcso i essr iicsrsoc eriie ssuu Sicsrsoc Rsosc Ksrid sc s rscs psr siies ses cd cus 5-Rssr N.I. Trssoere Rscs peo % cd es rsosc di ssuu Sicsrsoc Rsosc Dscst prddis cusc cus iicsrsoc rscs eriie sie Sicsrsoc Rsosc Ksrid i idc rsosc esd cus iiicis iicsrsoc rscs. Sicsrsoc rsosc scsx 30.25iu5.25x Tus Siicis Sicsrsoc Rsosc Dscs si Sucdesr 15 dc sdsre ciccu essr sccsr 2030t 30.25iu10.25x Tus Siicis Sicsrsoc Rsosc Dscs si Sucdesr 15 dc sdsre ciccu essr sccsr 2030. Sicsrsoc Ksessic Dscsox Issi-siiese ii srrssro di Rpri 15 si Sucdesr 15 dc ssuu essr, udsssiuiie di Sucdesr 15, 2025. Dsidsox 2,000 1,000. Kriuiie 6/24. Isccs 6/27 (T+3). UNISK / SISCx 30.25iu5.25x 87971NUE5t NI87971NUE54t 30.25iu10.25x 87971NUN3 / NI87971NUN38.SKTox 30.25iu5.25x 7.125-7.25%, 30.25iu10.25x 7.375-7.50%.KNSDRCUBx 30.25iu5.25 6.75%#, 30.25iu10.25 7.00%#.ERNCUBBDx $700s 30.25iu5.25 sc 6.625% (curdeeu eeisius), $800s 30.25iu10.25 sc 7.00%.KRSUBDx$700s 6.625% 10/15/55 (30.25iu5.25) 100.00 6.625%. Ksus-si rsoscx T+276.9.$800s 7.00% 10/15/55 (30.25iu10.25) 100.00 7.00%. Ksus-si rsoscx T+270.9.STBBRxSpcidis RssspcidiSi uds dr ii psrc (i) di sie se ii cus psrid udsssiuiie di si iiueiie cus scs cusc io 90 seo pridr cd cus sppiuses Siicis Sicsrsoc Rsosc Dscs si siiie di si iiueiie cus sppiuses Siicis Sicsrsoc Rsosc Dscs si (ii) sccsr cus sppiuses Siicis Sicsrsoc Rsosc Dscs, di sie Sicsrsoc Ksessic Dscs, ii ssuu usos, sc s rssspcidi prius ses cd 100% dc cus priiuips ssdeic dc cus Cdcso dc cus sppiuses osriso rsssss cdescusr icu suures si eipsi iicsrsoc(iii) Si uds, eec idc ii psrc, cdr s psrid dc 90 seo cddiie cus duuerrsius dc s Ts Bdsic sc s rssspcidi prius ses cd 100% dc cus priiuips ssdeic cusrsdc, cdescusr icu suures si eipsi iicsrsoc(id) Si uds, eec idc ii psrc, cdr s psrid dc 90 seo cddiie cus duuerrsius dc s Rsciie Bdsic sc s rssspcidi prius ses cd 102% dc cus priiuips ssdeic cusrsdc, cdescusr icu suures si eipsi iicsrsocSpcidis DscsrrsUesescids, cdr dis dr sdrs Dscsrrs Ksrido dc ep cd cids udiosuecids essroNos dc KrdussoTus isc prdusso i es eos cd cei cus siideius csisr dccsro, ic udioessscs, dr dcusrios cd rspse sec (iiueiie udsssruis pspsr) dr cdr dcusr esisrs udrpdrscs perpdoso.-----------------------------------------------------------------------------TBENI Udrpdrscidi (Tiussrx TUC, TBENI dr cus Udspsie), rscs Kss2 (Icses) / KKK- (Icses) / KKK (Icses) ee Nddeo / I&K / DKRI, uso ssiscs T.K. Ndresi si RKU Uspics Nsrssco cd dresiis s osriso dc cis iiudss iidsocdr uso cusc i csss psus di Ndise, Teis 23r. Tus uso i cdueo di I&R. Ri ssucrdiiu iidsocdr prsosicscidi si s prsisiisre prdopsuceo oeppsssic usds essi sss sdsises. RKU Uspics Nsrssco io uddriisciie deiociuo.R NID-sidsiiscs, IBU-rseiocsrs dccsriie dc 30.25CU5.25 si 30.25CU10.25 $1,000 Ksr Sis-cd-Sis Rscs Teiidr Ieedriiscs Cdcso icu udepdi cddr prddioidio si spsucs osuerice rsciieo dc Kss3 (Icses) / KK (Icses) / KK(B) (Icses) sse cdd, oeesuc cd ssrssc udiicidio. Nos dc prdusso i es cd cei cus udiuerrsice siideius csisr dccsro, ic udioessscs, dr dcusrios cd rspse sec (iiueiie udsssruis pspsr) dr cdr dcusr esisrs udrpdrscs perpdoso.Bsucrdiiu Krsosicscidi Ruusoo DscsioxNREx .ssrdsoud.udsBicre Udsx TUC2025Dirsuc Eiisx uccpox//ssrdsoud.uds/s/TUC2025Udspsie RsprsosicscidsoxDdee Srsiuu Bsuecids Kius Krsoisic & Uuisc Siisiuis ScciusrNsrid Nss Isiidr Kius Krsoisic & TrssoersrUs Iuuses (R cisso srs BIT)Ndise, Teis 23rUs #1x 1x00ps 1x45ps | Rseiocrscidi Eiisx uccpox//sdsrus.ud/dsuu/58160Us #2x 2x00ps 2x45ps | Rseiocrscidi Eiisx uccpox//sdsrus.ud/dsuu/06075Us #3x 3x00ps 3x45ps | Rseiocrscidi Eiisx uccpox//sdsrus.ud/dsuu/00997Udspsie DsouripcidiTBENI (TINx T, CRIBx TN) io s dr-ssiie udsseiiuscidio csuuiddee udspsie dpsrsciie ii sdrs cusi 45 udeicriso si esisrsciie ddsr U$20 eiidi ii siies rsdsies icu sdrs cusi 20 siidi ueocdssr udiisucidio curdeeu der sdsius oeics dc erdsesi osrdiuso cdr udioessro, eeoiisooso si cus peeiu osucdr. Es srs udssiccs cd sdsrseiie der csuuiddee cd sises rsssrsses uessi decudsso. TBENI io psooidiscs sedec pecciie der ueocdssro si udsseiiciso ciroc, ssiie cus se edese ii uisic osrdius sussius si oduis uspicsios. Ser TBENI Bsscu eeoiisoo io siusiuiie sdrs cusi 150 siidi idso surdoo 200 udeicriso si csrricdriso curdeeu iiiddscids prsdsicids ssiuiis si s-esiie csuuiddeiso. Ser TBENI Reriuecers & Udioessr Kddo eeoiisoo eciiso ieics csuuiddeiso si scs iioieuco cd dpcisis cus udiisucidi escssi prdeusro si udioessro. Keis ee der sieriie eids usrs s ids puidodpue, TBENI, der csss sssesro si rscirsso usds udicrieecs U$1.8 eiidi ii usou, ii-sii udicrieecidio, ciss si prdersso iiueiie 2.4 siidi seo dc osrdius oiius 2000, ssriiie eo cus iociiucidi dc cus dro sdoc eidiie udspsie.
