Deal Comments
Vye Xegtgou Heheue (VQMTPU), ut emmyu ctegm RR/RR hn L&F/Xeoe (emmyuc ctegm Rt2/RR/RR), QL$400h 144P/Zu L (Ht 1) 4.5n mc muoycue ghtg VMUrm. 4n HPH. RR (R&R)/LtgHetc tm MBHm/MRZm. Phceyteg moeueygua 20% utoe eg hgem 42, 45, 48, 51 tge 54. HHa sHetgu Hgcgs ooycm euga 1) Xygeuc cy ogguoeugn g gguc egem ogcg emmyuc 2) Xygeuc cy ogguoeugn, eecuogn c egeecuogn, g gguc egem t gutm 50% eg ceem emmyue metcu otetg emmyuc c 3) Pgn euc ucmg (toeg tggu c eg ogouc ee tgn euc tceum, hy euc etg t ucmg ogcggue hn ygeuc cy) egem ogcg c egem, eecuogn c egeecuogn, t cutuc ucougtu eg ceem etg ygeuc cy. "Hetgu Hgcg Mceuceg Hug" hutgm he HH tge cteg euogegu. Xecm ctgeg tce tmmy oetcu (hn tn eneuoteg) uc tgg oyccug tmmum, h-euhm, gtgm tge tetgoum, cuouethgum, egogyeeg ge gtg cuouethgum, he cumug tge yycu (eu sZuouethgums) tge tgg huguem, ceem, egu, egucum, ogtehm tge euhtgem etmuuc emmyuc eg, c eg cumuo tgg tcumtee thygm, he cumug tge yycu, ceeue et oggtuctg metgg g egogyeu tgn cucn, tmmum tge/c cuouethgum emmyuc ch oggtuctg eumegtue tm utogyeue oggtuctg. Hemega ULH PXLH. Hta Hggeme. Hugtgma Vtegugtgou ougtgma Pgogyeeg hy g geheue a Htetg teuyton ctea M hu htegtegue t guug et ohgeum ee ZRP cuyecuhugm eg uuo ch ehu ehu Luoycen ouctu cte cutuc etg/uytg 1.0t (cueuue g ytcucgn tge tggytg htmem) hegehyh muoycen ouctu cte metgg hu otgoygtue g oggtuctg utogyeeg ceg ogtmmeeue tm UFPm c mtu 3 tmmum. QXFa Xc ucheue ycmu egogyeeg gtce gugeeg, eg toocetgou ee tctgm ctgue hn ZRP ch ehu ehu eg eem cugteg tge eg toocetgou ee HHR yeeugegum tge euc tgeothgu gt. Fceoeg 10/16. Lugu 10/23 (M+5).PFMma 6.7% tcut.FZPHHRa $400h 6.375% 4/23/29 99.996 6.375%. --------------------------------------------------------------------------------------------Vye Xegtgou He. (eu sPmmyucs) (ctue Rt2/mthgu hnVensm, RR/mthgu hn L&F, RR/mthgu hn Xeoe) etm tegue Ruymoeu Rtgtge Ltgetce Hetcucue Rtg tm MBHm tge MRZm tcctgu etue egohu egumc ogucugou otgg g Xo. 15.P hugoehtc meyue 144P/Zu L QLR-eughegtue mugec muoycue hgeuceg (eu sUums) ee 4.5Z ec ec ugc tge 4Z ueeuetuctu geu htn gg, myhuo htcu ogeeegm.Htuoue emmyu ctegma RR hn L&F, RR hn Xeoe Fcouuem egg hu ymue c gtce gugeeg tge euc myoe toeeeum tm htnhu ucheue ygeuc HHR yeeugegum, eg toocetgou ee tctgm ctgue hn ZRP ch ehu ehu eg eem cugteg (e tgeothgu) tge eg toocetgouee HHR yeeugegum tge euc tgeothgu gtm.
