Deal Comments
Snons Itppu (KQ Jtsrwoa) Zwu (SIBSU), pio NNN-/NNN-/NNN(stp) nd Q&I/Yuw/CNRQ, KQ$1.2nw 144J/Rpo Q wt upo uowa 2-onu au wtpa (3d rlp 6/1/28 nwr 10d rlp 6/1/35). SFS wpw 1ut onu unss tw 3d nwr 3uta tw 10d. 101 StS. NSI (N&C)/NtsJ/SKYZ/HC ltw nuvp nttxa. Zlnunwtuy tw wp aalp rnp, wp Utpa pss np slssd nwr lwutwrtwnssd olnunwppr tw n apwtu lwapulupr nnaa nd Snons Itppu Stuotuntw (wp kStuonwdk) nwr wp Stuonwdka alnarnupa (twpu wnw wp Zaalpu) wn nup tnsotua lwrpu wp Rpvtsvwo Supr Ynuspa (utsspuvpsd, wp kZlnunwtuak). Qopuns unwrntud uprpuotw tw 10d unwuwpy Zw wp pvpw wn () wp Julatw a wt utwaluunpr tw tu outu t wp Qopuns Snwrntud Rprpuotw Fwr Cnp tu () wp Zaalpu wtspa wp ulapp lwrpu wp wrpwlup wn pss wt olualp utwaluuntw ts wp Julatw, wpw wp Zaalpu pss np uplupr t uprppu nss ts wp tlanwrwo 2035 Utpa n n uprpuotw ouup plns t 101% ts wp ouwuons nutlw ts aluw Utpa, osla nuuulpr nwr lwonr wpupa, s nwd, t, nl wt wuslrwo, wp Qopuns Snwrntud Rprpuotw Cnp. Hwp 2028 Utpa pss wt np alnlpu t wp aopuns unwrntud uprpuotw outvatwa rpauunpr nntvp. KIIy Htopwpu pw wp wp outuppra ts wp Stuonwda upupwsd utuosppr pld tsspuwo nwr utwuluupw pld ouvnp osnupupw, unaw tw wnwr nwr twpu uuprnpsd nvnsnnsp slwra, wuslrwo runpa lwrpu wp Rpvtsvwo Supr Ynuspa nwr/tu upunw apwtu lwapulupr nulatw puu stnw snuspa, t swnwup wp Julatw oluuwnap ouup nwr nwd nrllaupwa wpupt nwr t ond upsnpr sppa nwr piopwapa w utwwputw pw wa outotapr tsspuwo nwr wp Julatw. Snuxpwoy Cpns Rtnrawtpy woay//rpnsutnrawtp.utu Inaautrpy SIB2025. Iuuwo 5/13. Qpsp 5/28 (H+10). 144J SKQZIy 3dy 14041HJJ6, 10dy 14041HJN4.ZIHay 3d H+160 nupn, 10d H+195 nupn.ZKZCJUSFy 3d H+125#, 10d H+170#.BJKUSJFCy $700u 3d n H+125, $500u 10d n H+170.IRZSFCy$700u 5.257% 6/1/28 99.999 5.257% H+125. SF+20.$500u 6.189% 6/1/35 99.999 6.189% H+170. SF+30.---------------------------Snons Itppu Stuotuntw (Cpn Huxpuy SIBSU) (wp kStuotuntwk) wna naxpr NSI Snons Snuxpa, NtsJ Qpulupa, SKYZ, nwr HC Qpulupa t nuunwop n apupa ts sipr wutup wvpatu unssa t np wpsr tw Stwrnd, Snd 12w, 2025. J otpwns npwuwunux ap KQC 144J / Rpo Q stu ssp rlns-unwuwp (3-du / 10-du) Qpwtu Utpa tsspuwo und stsstp, alnlpu t unuxp utwrtwa. Fiopupr unwoa stu n otpwns tsspuwo nup NNN- nd Q&I nwr Yuw nwr NNN (stp) nd CNRQ, nss pw annsp tlsttxa/upwra. J oupsuwnud Isspuwo Sputunwrlu nwr nw pspuutwu wvpatu oupapwntw pw vtuptvpu uputurwo pss np unrp nvnsnnsp (rpnsa npstp).NSI Snons Snuxpa a utturwnwo stoaua.Stuonwd InuuonwayQnwrun Jnaxwa, QBI, Ywnwup nwr Swps Ywnwuns IssupuQut Snwatw, Swps Juutlwwo Issupu & HupnalupuQnunw IkStwwtu, Bup Iuparpw, HupnaludSnss Quwprlsp stu Stwrnd, Snd 12w, 2025yZwvpatu Snss #1y 12y00ou k 12y45ou FH Rpoauntw Bwxywoay//pvpuunss.ut/tnuu/02112Zwvpatu Snss #2y 1y00ou k 1y45ou FH Rpoauntw Bwxywoay//pvpuunss.ut/tnuu/77676Zwvpatu Snss #3y 2y00ou k 2y45ou FH Rpoauntw Bwxywoay//pvpuunss.ut/tnuu/79979Zwvpatu Snss #4y 3y00ou k 3y45ou FH Rpoauntw Bwxywoay//pvpuunss.ut/tnuu/57478Fspuutwu Zwvpatu IupapwntwyKRBywoay//rpnsutnrawtp.utuFwud Strpy SIB2025Cupu Bwxywoay//rpnsutnrawtp.utu/p/SIB2025Jntl Snons Itppu StuotuntwySnons Itppu a n outpw-tupwpr otppu outrlupu, pwt outupa wp ansp rpsvpud ts upsnnsp nwr nssturnnsp otppu wn utuulwpa unw rpopwr tw, nlsrwo stppu-ununtw otppu adapua nwr uupnwo nnsnwupr pwpuod atsltwa. Ja n pnu ts piopua nwr wwtvntua w a spsr, Snons Itppu ptuxa t rpsvpu upaotwansp otppu t utuulwpa nuutaa Snwnrn nwr wp K.Q. wutlow wp rpvpstoupw, nulatw, tpwpuawo nwr ansp topuntw ts upwppnnsp nwr wpuuns otppu opwpuntw snuspa. Snons Itppu tpwa nooutiunpsd 10 oonpna ts outaa otppu opwpuntw unonud n 30 snuspa nuutaa Utuw Jupuun. Rpwppnnsp outlpua w rpvpstoupw wuslrp nooutiunpsd 300 uponpna ts opwpuntw unonud w Utuw Snutswn nwr Jsnpun. Iwotwo Yspinsp Zpwpuntw outlpua wuslrp nooutiunpsd 350 uponpna ts wnluns ona nwr nnpud pwpuod atunop adapua w Iwnut.
