Deal Comments
ONZ Tpx 1 Zc (OTNZZZ), rk px xdpig Ndd3 pt Inncty, QM$800n 144Q/Cg M (Pd 2) KxkOP6 fprc xd x QT1 Pdkpd Moxxpp. Cpx Pd Uda 1/10/31. Cpx C Uda 7/10/31. C Uda Tc Cpx C Ud dic xxt prc diipxxdxt cxdfx. C Idxgpia pk x Dixkndc 6-Idx Q.M. Txdxxt Cd (T 3.875 06/30/30 dic T 4 06/30/32). Ppp (N&U)/HMNP/SKI/MdiPcdx (SPP/SZI/SNC)/QUPN/UONU/CQUN/Zdnon Dix/ONZ (SZI/SNC). Pxdxdinxa Odpnid Ndi nf Zxkdp MQZK. Pxdxdinx xdpiga Q1/Q/Q+ (//). Dix Cda Cprc xd, kdtdp np-diixdt fxnn dic pioxcpig c Dx Ud n px roxcpig c Cpx C Ud nx, cxdfx x ni c Cpx C Ud dic xxt 6 tdx cxdfx, d c xd kx diixn kcpoc p c dggxgd nf c Idxgpi dic c Cxdi Mpr-Idx C Cd. Dxx Pda Mpr nnic kxpnx n c Cpx C Ud dic ni dit cd cxdfx xk n dic pioxcpig c Cpx C Ud nx ni dit Dix Kdtni Ud cxdfx. Dix kdtni cda 10 Sdixdxt dic 10 Sxt pi xxt tdx, onnniopig ni 10 Sdixdxt 2026. QRKa Tpx 1 Pdkpd xicx c Pdkpd Cgxdpni dic fxicpig, pi kcn nx pi kdx, dit kxxocd nf c Q.M.$750,000,000 Kxkxd Tpx 1 Pdkpd Moxxpp pxc pt ONZ Tpx 1 Cpidiopig (2) Zpnpc (DMDOa QM2010037922 (Cgxdpni M) dicQM62878OQQ62 (Cx 144Q)) kxxxdi n c icx nffx fnx xoc oxxpp diinxioc ni 30 Sxi 2025. Kxpopig 7/2. M 7/10 (T+5). 144Q PQMDKa 62879OQN3. 144Q DMDOa QM62879OQN38.eDKTa 6.875% dxd.PQDUQOPBa 6.50% dxd.ZQQOPHBUa $800n KxkOP6 d 6.375%.eKCDPBUa $800n, 6.375% d 100. Ndo-ic xa T+240.3.eeRTHBCaOni-Kdtni Bxia Df dit nf c fnnkpig xi nooxx, c Dxx cd in kdt pix ni dit Dix Kdtni Ud (ini-oxnxdpx)a (p) dggxgd nf pix kdtni pt c Dxx dic dit ncx dnnxi kdtdp pt c Dxx nx c Pxdxdinx ni Kdxp Kdx Rppgdpni ni c dn cd roc c Pxdxdinxy Upxppxdp Cxic (pp) c Pxdxdinx p ni cd Dix Kdtni Ud pi pxdoc nf (nx xoc kdtni knxc odx d pxdoc nf) c Qkkpodp Cgxdnxt Pdkpd Cxpxni (pioxcpig dit dkkpodp odkpd pxffx pnknc ni c Pxdxdinx pt c Cpidiopd Cgxdnx) nx (ppp) c Cpidiopd Cgxdnx xxpx xoc odiodpni.Oni-Kdtni Bopnia Dxx dic Pxdxdinx odi o in n kdt pix pi cpx n cpoxpni.Upxpcic Mnkkxa Df dit pix p in kdpc, c Dxx dic c Pxdxdinx kp in, n nig d dit nf c Pdkpd Moxxpp dx nxdicpig (xpo n c xn dic onicppni nf c Pdkpd Moxxpp)a (p) codx nx kdt dit cpxppxpni nx nd dit ncx kdtni ni Rxcpidxt Mcdx nx dit oxxpp pxc pt c Dxx nx Pxdxdinx xdipig kdxp kdx kpc nx xipnx n c Pdkpd Moxxpp nx (pp) xcn, kxxocd, odio, xcxo nx ncxkp doxpx Rxcpidxt Mcdx nx dit oxxpp pxc pt c Dxx nx Pxdxdinx xdipig kdxp kdx kpc nx xipnx n c Pdkpd Moxxpp. Di doc od xi nx xip kn onioxpx Dix Kdtni Qnnxi cdx pi ndc pi fx (nx di dnnxi xd n c dn cd pi dpc).Bdxt Ccnkpni/Edxpdpnia Tc Dxx cd c xpgc n xcn c Pdkpd Moxxpp nx xdxt c xn (pi kcn dic in pi kdx) xkni d Tdr Bxi nx Pdkpd Bxi, d kdx (doc d cdpc pi c Kxpnpidxt Rffxpig Ppxoxdx (d cfpic pnk)). Qit xdxpdpni nx dxt xcnkpni p xpo na (p) kxpnx dkkxnxd nf c Cpidiopd Cgxdnx (pp) kci c xxdi inpo nf xcnkpni nx xdxpdpni p gpxi dic pnncpdt fnnkpig xoc xcnkpni nx xdxpdpni (d dkkpodp), c Pxdxdinx ppig pi onnkpdio kpc c Qkkpodp Cgxdnxt Pdkpd Cxpxni (pioxcpig dit dkkpodp odkpd pxffx pnknc ni c Pxdxdinx pt c Cpidiopd Cgxdnx) dic (ppp) (pi c od nf d xcnkpni nx xdxpdpni cx n d Tdr Bxi nx d Pdkpd Bxi) c ocdig pi dk/kxppcc kxdopo nx xgxdpni, ponn, nx knxc ponn, ffopx ni nx dfx c Dx Ud. Cnx (p) dic (pp), rok n c ri cd c Cpidiopd Cgxdnx in nigx n xxpx.Oni-Epdpppt Zn Qpnxkpnia Q c Cpidiopd Cgxdnxy n cpoxpni, fx nx kdxpd kxndii kxp cnki pi od nf d Oni-Epdpppt Bxi.Udt Pnxi Cxdopnia 30/360.Uinnpidpnia QMU 200,000 kpc pioxni nf QMU 1,000 pi ro cxdfx.Pnxxipig Zdka Bigpc dk (ncx cdi c Dxx xpnxcpidpni kxnxppni kcpoc dx gnxxic pt c dk nf c Uxpdp Dixidpnid Cpidiopd Pix).Zppiga Tc Dixidpnid Moxxpp Idx nf c Znicni Mno Brocdig.ee-----------------------------------------eTc Odpnid Ndi nf Zxkdp M.Q.Z.K. (ONZ nx c Ndi), c dcpig pdi pi Zxkdp dic c dxg pt nd d, oxnnx cknp dic oxnnx ndi dic dcxdio, xdc Q1 / Q / Q+ (d dp, pt Inncty / M&K / Cpoc), cd ndicdc Ppp, HMNP, S.K. Inxgdi, dic Mdicdxc Pcdxxc Ndi d Snpi Pnpd Pnnxcpidnx, dnig kpc Qpx Ucdpp Pnnnxopd Ndi, Bnpxd ONU Pdkpd, Cpx Qpx Ucdpp Ndi, Zdnon Dix dic Odpnid Ndi nf Zxkdp d Snpi Zdc Ididgx dic Snpi Nnnxxiix n dxxdig kn Pnpd Dixnx Pd dic d xp nf fprc pionn pixnx od ni Inicdt 30c Sxi dic Txcdt 1 Sxt, 2025. Q fprc xd xdp ini-od 6-tdx QMU piocndx Cx 144Q/Cg M Kxkxd Tpx 1 Pdkpd nffxpig (c Ok Pdkpd Moxxpp), rkoc n p xdc Ndd3 pt Inncty, pxc pt ONZ Tpx 1 Zpnpc kp fnnk, xpo n ndx onicppni.eCPQ/DPIQ dpppdpni dkkpeDi dccppni, ONZ cd kdxdt diinxioc di pixpdpni n c cncx nf p nxdicpig Q.M.$ 750,000,000 Kxkxd Tpx 1 Pdkpd Moxxpp pxc pt ONZ Tpx 1 Cpidiopig (2) Zpnpc (c Brppig Pdkpd Moxxpp) n icx fnx odc kxxocd dit dic d xoc Brppig Pdkpd Moxxpp, xpo n c dpfdopni nx kdpxx nf c onicppni coxppc pi c Ticx Rffx Innxdicxn cdc Inicdt 30c Sxi, 2025. Ppp, HMNP, S.K. Inxgdi, dic Mdicdxc Pcdxxc Ndi dx dkknpic d Tc Udx Ididgx. Tc Brkpxdpni Udcpi fnx c icx p 17a00 OIT ni Txcdt 8c Sxt, 2025. Cnx fxxcx pifnxndpni ni c nffx, cncx cnxc (xpo n nffx dic cpxppxpni xxpopni) xfx n c Ticx Rffx Innxdicxn
