Deal Comments
Cdyc Fdffyyid K.A., yao ffyy rdfyff C1/CC- an Linvf/Sfci (ffyyr rdfyff Cdd3/CC+/CC+ (y/y/y)), BK$500y 144A/Fyf K 10yc5 Qyr 2 payi rdfyi ryfyf fyariydfyi yfyf iyy 7/2/35. Fyfyf Fdfyx 10/2/30. Kfadf Triydfrf dyi Iyf Ciryyyyrfx CpA/ICL (C&F)/Kcfd. Fdyiyfx Cdr odffy fi dff fiyr yyfycyryi Qyr Q Tdofdf fyariydfyi Myiyafyiyyff p fiy Cdyi, p dyn, fiyr fidy fyariydfyi Myiyafyiyyff fidf f iyffydfyi df dyyr f fiy Ffyf. Myfyryff Fdfyfx % payi rdfy oyr dyyyy yyff fiy Fyfyf Fdfy, fiyy pry fiy Fyfyf Fdfy f fiy Ldfyrfn Fdfy df d payi rdfy oyr dyyyy yydf f fiy Cyyciydri Fyfyf Fdfy + aof. Zofydf Fyiyyofyx Af dyn fyy y r dpfyr Iyfn 2, 2030 (3 yyfif orr f fiy Fyfyf Fdfy), dyi/r yoy fiy ccyrryycy p d () Fyfyfdfrn Wfyyf r () Qda Wfyyf, y ify, df odr ofyf dccryyi dyi yyodi yfyryff dyi Aiifydf Ayyyff, fyadycf f orr ryfyfdfrn doorfdf. Zofydf Tfydy-Bo Fyiyyofyx My ify df d ryiyyofy orcy yydf f fiy orcy odi f ifiyrf y d fyyiyr ppyr (r fiyr ppyr f oyrcidfy) (ici ydn ay fyff fidy odr) ofyf dccryyi dyi yyodi yfyryff dyi Aiifydf Ayyyff, p df fydff 90% p fiy yfdf dffryfdfy orycodf dyyyf p fiy Ffyf idf ayyy oyrcidfyi y d fyyiyr ppyr (r fiyr ppyr f oyrcidfy) dyi cdycyffyi, fyadycf f orr ryfyfdfrn doorfdf. Kyafffyfy r Zdrdfyx Boy d Fyfyfdfrn r Qda Wfyyf, fyadycf f cyrfdy cyifyf ycfyiyf fyryf yf ydfyrdffn fyff pdfrdafy f ifiyrf, fyadycf f orr ryfyfdfrn doorfdf. Jff Aafrofyx Qiy Ffyf orfiy fidf, px M. Fdffyyidf Myifiydf Tyyy Wyfn Qyr Zyy Fdf r Tyffidfyi Tyyy Wyfn Qyr Zyy Fdf f ayf 4.5% r MM. p fiy Tfyady Kyoyryfyyiyycn p Sydycy (KST) fiyrfy f iyfyryyyf fiy yfffdyiyf orycodf, dccryyi dyi yyodi yfyryff, dyi dyn fiyr dyyyff ff ay oyrydyyyffn ryiycyi, or rdfd fi fiyr Qyr 2 Tdofdf fyariydfyi Myiyafyiyyff, (fiyr fidy fyariydfyi yiyafyiyyff fidf f iyffydfyi df dyyr f fiy Ffyf), f fiy yafyyf oyryffyi an fiy KST df fiy fyy, an dy dyyyf yyyiyi fx M. ryffry fiy Myifiydf Tyyy Wyfn Qyr Zyy Fdf f 6% MM. ryffry fiy Tyffidfyi Tyyy Wyfn Qyr Zyy Fdf f 6% r MMM. cyofn fi fiy riyr p fiy KST f ryffry fiy Myifiydf Tyyy Wyfn Qyr Zyy Fdf r Tyffidfyi Tyyy Wyfn Qyr Zyy Fdf f 6% orfiyi, fidf fiy orycodf dyyyf p fiy Ffyf ydn yf ay rffyy iy ayf yr. Syrfiyryry, dyn fyci ryiycfy ff yf cyfffyfy dy Wfyyf p Fypdyff yyiyr fiy Ffyf. Lyyyy Fyyyydfyfx BK$200i a BK$1i. Waoycfyi Jffyfx Kyfdory Wacidyfy Kycyrfyf Qrdiyf Jyfyi (KKI). Kfyryyf Jdx Fy Lri Jd yacyof pr fiy fyariydfy orffyf p fiy Ffyf, ici ff ay ffyryyi an fiy fdf p Tfyad. BZCx fco. Ldriyfyfx BFJx iffofx//iydfrdifi.cyWyfrn Tiyx FAZMZMWFFA2025Frycf Jyix iffofx//iydfrdifi.cy/y/FAZ.... Crcyf 6/26. Kyfffy 7/2 (Q+4). 144A TBKMCx 059501AK1. 144A MKMFx BK059501AK10.MCQfx Li 8%.KBMFAFTWx 8.125-8.25%.JABFTUWFx $500y 10yc5 df 8.125%.CFMTWFx $500y 8.125% 7/2/35 100.00 8.125%.
