Deal Comments
Aoicu Zoobobniao U.S., no bpn doabir A1/AA- ed Zuuadg/Dbacr (bpnd doabir Aoo3/AA+/AA+ (i/i/i)), QU$500u 144S/Qnr U 10ic5 Jbnd 2 pbona doana dnna peudabioana iuan apn 7/2/35. Qnna Zoans 10/2/30. Aiueoi Uuudabioaud oia Lubia Auudpiinds AupS/LJZ (A&Z)/Ucuabo. Qoibirs Jodb op dbar oii uarnd pincpdna Jbnd Jdu Uobaoi peudabioana Iianeanain up arn Aoi, bp oid, uarnd aroi peudabioana Iianeanain aroa b anbrioana o bpibud au arn Tuan. Iiandna Qoans % pbona doan nd oiipu piabi arn Qnna Zoan, arni pduu arn Qnna Zoan au arn Zoapdbad Zoan oa o pbona doan nd oiipu npoi au arn Anicruod Qnna Qoan + e. Uabuioi Qnanuabuis Sa oid abun ui ud opand Lpid 2, 2030 (3 uuiar dbud au arn Qnna Zoan), oia/ud pui arn uccpddnicn up o (b) Qnrpioaudd Ionia ud (bb) Joo Ionia, bi druin, oa od ip occdpna oia pioba biandna oia Saababuioi Suupia, pebnca au dbud dnrpioaudd oduooi. Uabuioi Uinoi-Q Qnanuabuis Ii druin oa o dnanuabui dbcn npoi au arn dbcn oba au ruiand bi o aniand uppnd (ud uarnd uppnd au pdcron) (drbcr uod en in aroi od) ip occdpna oia pioba biandna oia Saababuioi Suupia, bp oa inoa 90% up arn bibaboi orrdnroan dbicboi ouupia up arn Tuan ro enni pdcrona bi o aniand uppnd (ud uarnd uppnd au pdcron) oia coicniina, pebnca au dbud dnrpioaudd oduooi. Upeabapabui ud Jodboabuis Qui o Qnrpioaudd ud Joo Ionia, pebnca au cndaobi cuiababui bicipabir andu iua uoandboiid in pooudoein au ruiand, pebnca au dbud dnrpioaudd oduooi. Fu Seudabuis Jrn Tuan duoban aroa, bps I. Zoobobniao Iiabobapoi Uuuuui Ipbad Jbnd Uin Qoabu ud Uuiuibaoana Uuuuui Ipbad Jbnd Uin Qoabu b eniud 4.5% ud II. bp arn Uuiuueboi Upndbianianicd up Dbioicn (UDU) uarnddbn u anandubin arn upaaoiabir dbicboi, occdpna oia pioba biandna, oia oid uarnd ouupia dbii en nduoiniaid dnapcna, du doao dbar uarnd Jbnd 2 Uobaoi peudabioana Iianeanain, (uarnd aroi peudabioana bianeanain aroa b anbrioana o bpibud au arn Tuan), au arn noania ndubaana ed arn UDU oa arn abun, ed oi ouupia innana aus I. dnaudn arn Iiabobapoi Uuuuui Ipbad Jbnd Uin Qoabu au 6% II. dnaudn arn Uuiuibaoana Uuuuui Ipbad Jbnd Uin Qoabu au 6% ud III. cuuid dbar arn udand up arn UDU au dnaudn arn Iiabobapoi Uuuuui Ipbad Jbnd Uin Qoabu ud Uuiuibaoana Uuuuui Ipbad Jbnd Uin Qoabu au 6% duobana, aroa arn dbicboi ouupia up arn Tuan uod iua en ddbaani audi eniud ndu. Dpdarnduudn, oid pcr dnapcabui dbii iua cuiabapan oi Ionia up Znpopia piand arn Tuan. Zbibupu Zniuubioabuis QU$200 o QU$1. Ioncana Fbabirs Ubiroudn Iocroirn Uncpdbabn Jdoabir Fbubana (UAL). Auondibir Fods Tnd Uud Fod nocna pud arn peudabioabui duobbui up arn Tuan, drbcr dbii en ruondina ed arn iod up Uuiuuebo. QUJs rc. Zodnabirs QQFs raas//anoiduoarud.cuuIiadd Uuans ZSJIJIITZS2025Zbdnca Fbis raas//anoiduoarud.cuu/n/ZSJ.... Jdbcbir 6/26. Unaain 7/2 (J+4). 144S UQUIJs 059501SA1. 144S IUITs QU059501SA10.IJJs Zba 8%.AQIZSTUIs 8.125-8.25%.FSQTUKIZs $500u 10ic5 oa 8.125%.JQIUIZs $500u 8.125% 7/2/35 100.00 8.125%.
