Deal Comments
Lvb Smavcnb mo Tfttmh (SPTCD), bbe T2/TTT+ hc Rmmtcpp/Uvnv, KF$725r 144C/DbpF 7c p rmvtvcp cmbp tmb 07/02/32. ACW 6c. Cccma rmvtvmcp bvma m 33% vc 2030, 33% vc 2031, ct 34% vc 2032. RAT vbc 2rmp e naa. FSR, Fc pamha nmmtvcmp. Uact mvc hmmmccb. Ucnm, Uact, Ubnb, Tvcv Teva, Smbcb, Unvrbb, Xavnv, Fc, F&T Scabpvmcbp p Cpbcvcb eanbrbc pbcp. Wvpvcp Wmbbrhmmp, Cpbcvc (UYRC/C3 Rbntmp). Xmabcvcp W Fb mo Lb Ym. Pbcmrp 10 b 1. KGS Lm bemnvpb vb pbe-me vcbcvmca cmbp tmb 2027 aavtac bctbbt ct nnbebt vc vb bctb moob, ct vb brvctb m ovccnb vcopmnmb embnp ct/m bec bbvpvcp avhvavvbp. Rbvcp vep//tbamtpvm.nmr/b/TGDPGUC2025 m avpv vep//tbamtpvm.nmr ct bcb vb bcc nmtb TGDPGUC2025. Svnvcp 06/26. Fbab 07/02. 144C TKFSS 74408PCU1. 144C SFSL KF74408PCU15.SSLp 10% b.WCKLTWDP $725r 7c (6c ACW) 9.75%SDSTDP $725r 9.75% 07/02/32 100.00 9.75%. RA+50.--------------------Lvb Smavcnb mo Tfttmh (Tfttmh m vb Smavcnb), mcb mo vb apbp emavcnbp vc Cpbcvc, eacvcp bc mab vc vb nmmccp bnmcmrvn actpneb, ct vb pbnmct rmp ememabt mcb, vp rctbt F.S. Rmpc ct Fcctb p Xamha Tmmtvcmp ct Fmvc Ummmccbp ct Uact p Fmvc Ummmccb m cpb pbvbp mo ovbbt-vcnmrb vcabpm rbbvcpp pvcp mc Rmctc Fmcb 23, 2025.C KFP-tbcmrvcbt 144C / Dbp. F pbcvm mcpbnmbt hbcnvr-pvtbt hmct vv 6-cb bvpvbt abpb avob ct bbebnbt vcpp* mo T2 hc Rmmtcp ct TTT+ hc Uvnv rc omaam, pmhbn m rb nmctvvmcp. Lvb emnbbtp omr vb cb hmct b bbebnbt m hb mpbt m bovccnb Tfttmhp Fbe-me Scbcvmca Lmbp tmb 2027 empmc m nmcnmbc bctb moob (omvb tbpnvhbt hbam), ct vb brvctb, vo cc, m ovccnb vcopmnmb embnp ct/m bec bbvpvcp avhvavvbp.Fcctb vaa hb nmmtvcvcp mtpvm ampvpvnp.Tmcnmbcac, vb Smavcnb vp ccmmcnbt c moob m emnvpb om npv nbvc mo vp Fbe-me Scbcvmca Lmbp tmb 2027, pmhbn m vb brp ct nmctvvmcp pebnvovbt vc vp moob m emnvpb, vcnamtvcp ovccnvcp nmctvvmc, vv c Dbevvmc Pb mc Uvtc Fmcb 27, 2025 500er LYL.Lvb Smavcnb mo Tfttmh vaa hb bebpbcbt hcXmvaabrm Cnmp Rvcvpb mo Dnmcmrvn ct Smhavn RcpbrbcYvnmv Rpp Fbnbc mo UvccnvcpXmpam Xmbahb TUG mo Ucnm tb a Smavcnv tb TfttmhUmcm Uppv Dnmcmrvn CtavpmScabpm Wmpvc PbvapKDW vep//tbamtpvm.nmrDcc Tmtb TGDPGUC2025Pvbn Wvc vep//tbamtpvm.nmr/b/TGDPGUC2025
