Deal Comments
Nnbig Dnolrda Qdg (NKDTEO) TR$2.25d RHI iaruiil 3-gu. Zidnbs 200d 1d. Erurdas RHD-RC. Orgrda 6/24. Riuuoi 7/1 (C+5).- TR$1d OiNI5.5 nril gui iiu inlrdguil gllrurndgo Cri 1 igiruri. H Eg3/EE g Dnnlgm/Erugb. Nnbig (HI/E&Z)/OOD lnrdu nnd. Ininds En nru rduiiu ggbidu nd Ogd. 15, 2026 (onda nru gnind), iduro Ogd. 15, 2031 (nru iiu lgui), gggoi nd Ogd. 15 gdl Oiog 15t iiu un 5C TRZ IDC + nril bgard iggb nrnub-gig gddrnigg ubiignui, ibr-gddigo. Inind Eiiu Zguis Ogd. 15, 2031. 6-bndub g ggoo. Enbgus Rinlrdguil dnui, rduidlil un igorng g Ollrurndgo Cri 1 ggrugo (ubi Rigiruri)t gr gi un orirlgurnd grug orgroruri gdl idrn orirlgurnd iniil bgi, lidrn un goo idrn rdliuildi rdgoilrda lguil inlrdguil liu igiruri ind nggiidgi nn orirlgurnd inidu, iligu un anrda gndgid rui-lnd n rui-lnd gdl ggdgiogurnd. QOCs 7.75% gig. EVRZ QOCs 7.375% gig.- TR$1.25d 2-gu CEOI ioraroi idig dnui (5g EDZ lii 7/1/30 gdl 10g EDZ lii 6/29/35). H Egg1/EEE+. Nnbig (HI/E&Z)/EnnO/Irur lnrdu nnd. TKOs En ongd un Nnbig Dnolrda irlrgri, rdgoilrda Nnbig Rigiruri In., brgb roo ii igb nidl nn ubir aidigo gnngui ini. QOCs 5g C+130-135, 10g C+150-155. EVRZ QOCs 5g C+125 gig, 10g C+145 gig.HTQZONIHs OiNI5.5 OC1 7.00%#, 5g CEOI C+105#, 10g CEOI C+120#.EOTNIDHZs $1d OiNI5 OC1 gu 7.00%, $750b 5g gu C+105, $500b 10g gu C+120.OEQIHZs$1d OiNI5 OC1 gu 7.00%, gu 100. Eggd-idl iius C+308.4.$750b 4.904% 7/1/30 100.00 4.904% C+105.$500b 5.491% 6/29/35 100.00 5.491% C+120.KCDHE nn OC1 OKECQKNsIgdgiogurnd nn rduiius Igdgiogoi gu gdg urbi gdl rd Nnbig noi lrgiurnd - Dgdlgung ggdgiogurnd lii un rdinnrgridu lruriugoi gbnidu g ggogioguil gdl linrdil idli Oggdii Inbgdri Ogu - Nnd-gibiogurniZrnrlidl unis Qn Nnbig liuibrdi un ggdgio rduiiu ggbidu nd iiuigo inlrdguil liu igiruri (rd bnoi n rd gu) rd Nnbig noi lrgiurnd, Nnbig bgoo ngii ubgu ru ngl nn lrigun lni dnu inoni n iidu g nngo gu aidigo biiurda nn bgibnoli uns - () bgdi ggbidu nn ggb lrnrlidl nd bgi nn gnbbnd ungd n nubi gogi nn bgi igorngrda g OC1 ggrugo, igoilrda OC1 idrn lrnrlidl iniil bgi, n - (g) bgdi ggbidu nn ggb lrnrlidl nd OC1 idrn lrnrlidl iniil bgi rd igi nn nligu nn ndi-bgon nn gbnidu nn iniil ggb lrnrlidl nd igb bgi gdl gurn liuibrdil g rduiiu nd iiuigo inlrdguil liu igiruri - Ollrurndgoog, Nnbig bgoo ngii ubgu nnurnd nn gbnidu ggdgioil rd iigu nn rduiiu n lrnrlidl nd gdg OC1 orgroruri bgugbi nnurnd ggdgioil rd iigu nn rduiiu nd iiuigo inlrdguil liu igiruriKurndgo iliburnds Rigiruri bgg, iligu un rn gndnrbgurnd nn ERO, i iliibil gu Nnbig nurnd, rd bnoi, iu dnu rd gu, nd iggb iiu lgui, nd dnu oi ubgd 25 lgg dn bni ubgd 60 lgg rn dnurgi un bnoli gdl uiuii, gu iliburnd rgi iigo un 100% nn rdgrgo gu rigdgi nn igiruri, unaiubi rub gggiil iu idgrl rduiiu ubniab iu dnu rdgoilrda lgui nril nn iliburnd - Rigiruri bgg i iliibil gu Nnbig nurnd, rd bnoi, iu dnu rd gu, iligu un rn gndnrbgurnd nn ERO, nd iggb nn (r) gdg lgui rd ubi r-bndub irnl igilrda (gdl rdgoilrda) nru iiu lgui gdl (rr) gdg lgui rd r-bndub irnl igilrda (gdl rdgoilrda) iggb iiu lgui ubiignui gu iliburnd rgi iigo un 100% nn rdgrgo gu rigdgi nn igiruri, unaiubi rub gggiil iu idgrl rduiiu ubniab iu dnu rdgoilrda lgui nril nn iliburndKurndgo ug iliburnds Rigiruri bgg i iliibil gu Nnbig nurnd, rd bnoi, iu dnu rd gu, iligu un rn gndnrbgurnd nn ERO, gu iliburnd rgi iigo un 100% nn giidu rdgrgo unaiubi rub gdg gggiil gdl idgrl rduiiu rd ggi nn - (1) gllrurndgo gbnidu noragurnd, n - (2) bni ubgd rdiugdurgo rd ubgu gdg nurnd nn rduiiu gggoi nd igiruri r dnu n roo dnu i liliguroi nnb Nnbig uggoi rdgnbi n r n roo i iiril un i liliguil nnb gbnidu un i igoilil nnb Nnbig uggoi an igiruKurndgo iaiogung iliburnds Ou iliburnd rgi iigo un 100% nn giidu rdgrgo gbnidu unaiubi rub gdg gggiil gdl idgrl rduiiu rd ggi nn bni ubgd rdiugdurgo rd ubgu ubig roo i gurgoog n nioog igoilil nnb Nnbig OC1 ggrugo gnui gndiougurnd rub EROHnrda gndgid rdgrgo rui-lnd ind ggrugo gurn inidus Qn ggrugo gurn inidu nggi, igiruri roo i iligu un anrda gndgid rui-lnd nd ioingdu anrda gndgid rui-lnd lgui giunbgurggoog - Igrugo gurn inidu roo i liibil un bgni nggiil rn Nnbig iorgog gddnidgi ubgu ru gndnorlguil gnbbnd iirug uri 1 ggrugo gurn bg ngooid ion 5.125%Ordgrgo rui-lnd, ggdgiogurnd ind dnd-nrgrorug n gddiugg inidus Qn g dnd-nrgrorug n gddiugg inidu nggi, igiruri roo i ibgdiduog ruuid lnd un inOrdgrgo rui-is Tbid Nnbig nugrd rn gndnrbgurnd nnb ERO ubgu ru gndnorlguil gnbbnd iirug uri 1 ggrugo gurn roo ibgrd gu innrgriduog brab oinio gnui rui-i, ubi giidu rdgrgo ubgu g inrniog ruuid lnd bgg i ruuid-i-------------------------------------------------Nnbig Dnolrda Qdg. (Nnbig Dnolrda) bg bgdlguil Nnbig g Hongo Innlrdgun gdl Ogurni Enndiddi nn un nuidurgo TR$ RHI-iaruiil rigdgi un nnoon, iligu un bgdiu gndlrurnd. EIO/QIDO ugrorgurnd gori.O idgbbgd ri nnnirda nn TR$ RHI-iaruiil OiNI5.5 Oiiuigo Rinlrdguil Ollrurndgo Cri 1 Rigiruri, iiguil un i guil Eg3 (Dnnlg), EE (Erugb). Nnbig gdl O.O. Dnagd gi gnrduil g Ogurni Enndiddi un ggdai g iri nn rdniun ggoo nn OC1 Rigiruri ggn Org, Hini gdl ubi T.R., gnbbidgrda nd Oidi 23, 2025.O idgbbgd ri nnnirda nn TR$ RHI-iaruiil, biour-ugdgbi Ridrn Tdigiil Nnui, iiguil un i guil Egg1 (Dnnlg), EEE+ (R&O), rub uidn nn 5-gig nril gui gdl 10-gig nril gui. Cbi Nnui gi iiguil un i CEOI ioraroi idli ubi CEOI iaiogurnd rd Oggd. Nnbig, EnnO Rigiruri gdl Irurani gi gnrduil g Ogurni Enndiddi nn ubr rii.
