Deal Comments
YYN Neug JN (YYN) xg Yoo3/YY/YYY- YN$2ia 144J/Qp N (Loi 2) 2-goi rxi oi ui Yr 1 Logriog Eeiu (QgEL5.5 - rui iogg ioib 8/5/30n rui ui ioib 2/5/31, oai QgEL10b rui iogg ioib 2/5/35, rui ui ioib 8/5/35). Nro YYN ueg ieeu. QgEL5.5b iox ieoapu iogg, pugoiee / iogriog irubuogrrioirea iogg. Muuu ioggb ioggoig eo oai raiguirap 8/5/30 ie oai raiguirap ie rui ui ioi (2/5/31) oai e r eo oaaruoe ieoi oi go. Leugeab rxi uairg rui ui ioi (2/5/31). M aei ioggi, ieugea rxu e 5eu oi 5e CN +rarirog oopra. QgEL10b iox ieoapu iogg, pugoiee / iogriog irubuogrrioirea iogg. Muuu ioggb ioggoig eo oai raiguirap 2/5/35 ie oai raiguirap ie rui ui ioi (8/5/35) oai e r eo oaaruoe ieoi oi go. Leugeab rxi uairg rui ui ioi (8/5/35). M aei ioggi, ieugea rxi e 5eu oi 5e CN +rarirog oopra. Yeieb ieugeab uor-oaauog, 30/360. Saeoub 200,000 x 1,000. Rxieoapb NMJ Npruu Rxieoap. Nearap Uop/Duruiriireab Npruu Uop / Ye ieuiu e ie Loaiea e Surie (au irap Lrie e Surie), Nprigoai. Qrirap 7/31. Niig 8/5 (Y+3).MQYub QgEL5.5 7.25% oo, QgEL10 7.75% oo.QRNMNRS MQYub QgEL5.5 7.00% oo, QgEL10 7.50% oo.UJYELRRSb $750o QgEL5.5 oi 6.60%, $1.25ia QgEL10 oi 7.00%.QQMLRSb$750o QgEL5.5, 6.60% oi 100. Yoi-ai uib CN+312.2.$1.25ia QgEL10, 7.00% oi 100. Yoi-ai uib CN+329.6.MYRRQb- Coiurie/Mgireaog Qiogirea Qgiuog / Loggoig oi oae iro iurap ie grei eo (oai raiguirap) ie Jrui Logg Soi ie (oai raiguirap) ie Jrui Qui Soi oai e r eo oaaruoe ieoi oi go, uuiii ie ie ieairireau ie iogirea euigrai ra ie You oai Leairireau e ie Eeiu ui eui ra ie Qgroraoe Qeugiiuu, ioii 31 Duge 2025 (ie Qgroraoe Qeugiiuu), raiguirap JMECJ oggeog Qgiuog / Loggoig oi oae iro iurap ie grei eo (oai raiguirap) ie Jrui Logg Soi ie (oai raiguirap) ie Jrui Qui Soi oai e r eo oaaruoe ieoi oi go, uuiii ie ie ieairireau ie iogirea euigrai ra ie You oai Leairireau e ie Eeiu ui eui ra ie Qgroraoe Qeugiiuu, ioii 31 Duge 2025 (ie Qgroraoe Qeugiiuu), raiguirap JMECJ oggeog- Marirog Maiui Qoi Nuiii ie Leairirea 8 (Leaurea) oai Leairirea 5(e) (Maiui Jiiuog e raiui ra ie iou e iogirea e o Yrpp Rai e o Nroirgrie Rai), ie Eeiu prgg io raiui ea ier grairgog ooeuai eo (oai raiguirap) ie Muuu Soi ie (iui xiguirap) ie Jrui Qui Soi oi g iai. g oaauo. Nuiii ie Leairirea 8 (Leaurea) oai Leairirea 5(e) (Maiui Jiiuog e raiui ra ie iou e iogirea e o Yrpp Rai e o Nroirgrie Rai), ie Eeiu prgg io raiui ea ier grairgog ooeuai eo (oai raiguirap) ie Muuu Soi ie (iui xiguirap) ie Jrui Qui Soi oi g iai. g oaauo.- Qui Maiui Qoi Nuiii ie Leairirea 8 (Leaurea) oai Leairirea 5(e) (Maiui Jiiuog e raiui ra ie iou e iogirea e o Yrpp Rai e o Nroirgrie Rai), ie Eeiu prgg io raiui ea ier grairgog ooeuai eo (oai raiguirap) ie Jrui Qui Soi oi o ap rxi oi g oaauo buog ie ie Cri Coi Npog Qoi gguu ie Copra ou iiorai ie ie Logiugoirea Jpai, perie oi g oaauo uiu e 5 eou ieoi. Qgou u Leairirea 1 (Srarireau) e ie irarirea e Cri Coi Npog Qoi oai Leairirea 5 (Maiui) e uie iiorgu. Nuiii ie Leairirea 8 (Leaurea) oai Leairirea 5(e) (Maiui Jiiuog e raiui ra ie iou e iogirea e o Yrpp Rai e o Nroirgrie Rai), ie Eeiu prgg io raiui ea ier grairgog ooeuai eo (oai raiguirap) ie Jrui Qui Soi oi o ap rxi oi g oaauo buog ie ie Cri Coi Npog Qoi gguu ie Copra ou iiorai ie ie Logiugoirea Jpai, perie oi g oaauo uiu e 5 eou ieoi. Qgou u Leairirea 1 (Srarireau) e ie irarirea e Cri Coi Npog Qoi oai Leairirea 5 (Maiui) e uie iiorgu.- Copra g iai. g oaauo g iai. g oaauo- Soe Leuai 30/360, Jeggeprap, Yaoiuuii- Maiui Qoeoai Soiu Nuiii ie Leairirea 8 (Leaurea) oai Leairirea 5(r) (Maiui Loaiggoirea e raiuin geeririi raiui), raiui ea ie Eeiu prgg i goeoig uor-oaauogge ra oo ea 5 Jiuoe oai 5 Jupuui e oie eo, ieooairap ea 5 Jiuoe 2026.- Leaioiiuog Srriai Niegg M oae goeoai e raiui uieiugi ie i ooi ea oae Maiui Qoeoai Soi ru aei ooi ra ugg guuuoai ie igouu (r) e (rr) e Leairirea 5(r) (Maiui Loaiggoirea e raiuin geeririi raiui), YYN Neug JN ueogg aei, iriige e rairiigeb (o) ieooai ie eegiu e Miraoe Neou ieoi oae irriai e eie iruiriuirea ra ioue e ra rai (eie ieoa ra ie eo e Miraoe Neou) i gori e ooi ea oae Miraoe Neoun e (i) io, guieou e eiepru oibur oae Miraoe Neou eie ieoa ou o Qoriii Yoauoiirea, ra oie iou uaguu oai uairg rie (x) ie raiui goeoai iu oai goeoig ea ie Eeiu ea oae uuiubuai Maiui Qoeoai Soi eou ia gori ra ugg (e oa ooeuai buog ie ie uoo eou ia gori ra ugg ie o iurpaoii ieri goie iuui oiieuai e ie iari e ie Regiu gre ie goeoai ie ie iuui iee ie ie Regiu ea uuie uuiubuai Maiui Qoeoai Soi) e, r ogr (e) ogg euiuioairap Eeiu eo ia ioaiggi ra oiieioai prie ie You oai Leairireau. Qgou u Leairirea 5(r) (Maiui Loaiggoirea e raiuin geeririi raiui) e uie iiorgu. Qgou u Leairirea 1 (Srarireau) e ie irarirea e Qoriii Yoauoiirea.- Nioiuu e ie Eeiu Ye Eeiu prgg ieauiriui irii, uauiui oai uuieiraoii eigrpoireau e ie Muuu oai oa gor gouuu oai prieeui oae gai ooeap ieougu. Ye rpeiu oai igorou e ie Regiu oporaui ie Muuu uai ie Eeiu o uuieiraoii ou iuirii ra Leairirea 4(i) (Nioiuu oai Nuieiraoirea Nuieiraoirea).- Qiogirea iu ie o Yox Rai e Qpugoiee Rai Qiogirea iu ie o Yox Rai e Qpugoiee Raib Ygea ie eiiuai e o Yox Rai e o Qpugoiee Rai oi oae iro oi ie Muuu Soi, ra peeg iui aei ra goi, ra ie ueg iruiirea e ie Muuu oai oi go, iepie prie oae oiiui oai uagori raiui ieea ie (iui xiguirap) ie goai Qiogirea Soi. J Qpugoiee Rai prgg eo eiiui r oae e ie Eeiu iouu ie i grprig ra ugg ie i (J) ioii ou Jiirireaog Yr 1 Logriog, oai/e (Y) ieuaii iepoiu rie ie Nerap-Leaia UQ Qburoai e ie Nerap-Leaia QLJ Qburoai (e ieie). Qgou u Leairirea 1 (Srarireau) e ie irarireau e Jiirireaog Yr 1 Logriog, Nerap-Leaia UQ Qburoai oai Nerap-Leaia QLJ Qburoai, oai uuiigouu (i)(rr) e Leairirea 6 (Qiogirea oai Quieou) e ie irarirea e Yox Rai.- Nuiuiriuirea oai Joaioai Ygea ie eiiuai e o Yox Rai e Qpugoiee Rai, ie Muuu ooe, uuiii ie iiora ieairireau oai prieeui ie ieauai e ie Regiu, rie uuiuiriui ogg, iui aei ueo eage, e ie Eeiu e, e ooai ie You oai Leairireau ue ieoi ie Eeiu oora e iieo, Leoggroai Niuriru. Leoggroai Niuriru ouui eo ieaeori iou perie o aei ooirogge guu oeuoig ie o Regi ieoa ie You oai Leairireau. Qgou u Leairirea 13 (Cirapu e Regiun Nuiuiriuirea oai Joaioai) e uie iiorgu. Qgou u Leairirea 1 (Srarireau) e ie irarirea e Leoggroai Niuriru.- Leaurea Jeggeprap ie eiiuai e o Yrpp Rai e o Nroirgrie Rai, o Leaurea prgg eiiu oai oie Eei prgg i ioi ea ie ogggrioig Leaurea Soi ie ie igre e ap ugge gori Miraoe Neou ie ie Niigoai Neo Sgeuriee ea ieog e ie Regiu oai ie ioaiggoirea e oae oiiui oai uagori raiui ea ie Eeiu (peie e aei iu oai goeoig), ou oe goiriugoge iuirii ra Leairirea 8 (Leaurea).- Qirgi ie ie Niigoai Neo Sgeuriee e uuie auoi e Miraoe Neou ou ru buri ie uoirue ra ugg riu eigrpoirea ie igr Miraoe Neou ra ugii e ie Leaurea ea ie ogggrioig Leaurea Soi ueogg i o peei oai ieoggi iruieop e ie Muuuu eigrpoireau ra ugii e ie Eeiu. Ye auoi e Miraoe Neou ie i ruuui oai igri ra ugii e o Leaurea ueogg i iiorai ra oiieioai prie Leairirea 8(i) (Leaurea Leaurea Qri oai iioraoirea e auoi e Miraoe Neou).- Ma ugii e o Leaurea ou o uugi e ie eiiuai e o Yrpp Rai eage, eggeprap irgi ie ie Niigoai Neou Sgeuriee e ie Miraoe Neou, ie Muuu ooe, ra riu ueg iruiirea, oggerai o ggoioai opai oiirap ea ieog, oai e ie oiieuaiu, e ie Regiu ie ieaiuii oa erap e ie Miraoe Neou ie perie ie Regiu o eiepru airigi ie ueo e ogg e YYN Neug JNu ueoeegiu ou oe ugge iuirii ra uuiigouu (rrr) e Leairirea 8(e) (Leaurea Qeiiu e igre ra ugii e o Leaurea). Ma uuie iou, Regiu ooe ir ioue e o ieoiraoirea e ioue oai Miraoe Neou rauioi e ie auoi e Miraoe Neou ie perie ie Regiu peugi eiepru i airigi ugea Leaurea.- Ye Eeiu o aei ieairig raie Miraoe Neou oi ie egirea e ie Regiu oi oae iro. Jiirireaogge, ra ie iou e ie Miraoe Neou ie i igri ugea Leaurea, ou eo ie ogggrioig Neo Loirea Soi e uuie Miraoe Neou, ie ru ae gerurea e ie ieaurea e uuie Miraoe Neou raie Eeiu.Qgou u Leairirea 8 (Leaurea) e uie iiorgu.- Miraoe Neou ruuui ugea Leaurea Jgg Miraoe Neou ruuui oai igri ie Regiu ugea Leaurea o xgiii ie i "uiriii uiuriru" priera ie ooarap e Qug 144 uai ie YN Niuriru Jii, oai oiieirapge, oae Regi pee iru Miraoe Neou ugea Leaurea prgg i uuiii ie uiriireau uai ie YN Niuriru Jii ea riu oirgrie ie ugg uuie Miraoe Neou. Qgou u Leairirea 8() (Leaurea Miraoe Neou) e uie iiorgu.- Leaurea Qri YNS, uuiii ie oiuuioai ra oiieioai prie Leairirea 8(i) (Leaurea Jair-irguirea oiuuioai e ie Leaurea Qri).Lgorap SYL- RY CrJMS MM oai YE CrJMQ Yopi Coin QQMMQu Qpugoireab RY CrJMS MM oai YE CrJMQ (oie ou irai igep) grprig ieuaigoiru oai geuureaog igraiu eage. Ee e raeooirea ieiuoai buri ie ie RY QQMMQu Qpugoirea e ie YE QQMMQu Qpugoirea (oie ou irai igep) eou ia ggoi ou aei oorgoig ie iorg ra ie Ruegoa Rieaeori Jo (ie "RRJ") e ie Yarii Erapieo (ie "YE").
