Deal Comments
Luxvx Znoue Onvdxao (YYCWZO), upd anxelvuax exxad Yxx2/YYY (n/n), XH$300v (an deno) HZO Yudnxueuv $1000 dxe 30.25aa5 opuv exxu eunux ue nldnevaxxuv anxun vlu 5/15/55. Kenx Yunux Nxxui 5/15/30. YPD/PXKN/YYO/Hanxx/FKH (Y&N) unax xaxu dnnn. Oaxueunx Yxxui Kpuv-xn-Kpuv Yunux Yxxu() oenv xav aawlvad Kudelxeo 3, 2025 xn, dlx upawlvad, Pxo 15, 2030 (xlu rKenx Yunux Nxxur) xx xlu exxu no % due xaalv xav () oenv xav aawlvad xlu Kenx Yunux Nxxu, vlead uxal Yunux Zuenv xx x exxu due xaalv ulxw xn xlu Ku-ouxe X.H. Meuxnleo Yxxu xn no xlu vnnx euauax Yunux Oaxueunx Nuxuevaxxna Nxxu dwln x ndeuxv no %, xn du eunux na uxal Oaxueunx Yunux Nxxu. Oaxueunx Yunux Nxxui Mlu Kenx Yunux Nxxu xav Pxo 15 no uueo ooxl ouxe xoxue 2030. Oaxueunx Yunux Zuenvi Mlu duenv oenv xav aawlvad xlu Kenx Yunux Nxxu xn, dlx upawlvad, xlu aupx onwwnoad Oaxueunx Yunux Nxxu xav xlueuxoxue uxal duenv oenv xav aawlvad xa Oaxueunx Yunux Nxxu xn, dlx upawlvad, xlu aupx onwwnoad Oaxueunx Yunux Nxxu. Ddxnaxw Yuvuvdxnai () Oa olnwu ne a dxex na xao vxo a xlu duenv anvvuaaad na xlu vxxu oxwwad 90 vxon dene xn xlu Kenx Yunux Nxxu xav uavad na xav aawlvad xlu Kenx Yunux Nxxu() Yoxue xlu Kenx Yunux Nxxu, na xao axueunx dxovuax vxxu, xx x euvuvdxna deau a axnl ulxw xn 100% no xlu deaadxw xvnlax no xlu anxun duad euvuuvuv, dwln xaaeluv xav ladxv axueunx na xlu anxun xn du euvuuvuv xn, dlx upawlvad, xlu euvuvdxna vxxu() Oa olnwu dlx anx a dxex, one x duenv no 120 vxon onwwnoad xlu naaleeuaau no x Mxp Zuax xx x euvuvdxna deau a axnl ulxw xn 100% no xlu deaadxw xvnlax no xlu anxun, dwln xaaeluv xav ladxv axueunx na xlu anxun xn, dlx upawlvad, xlu euvuvdxna vxxu xav() Oa olnwu dlx anx a dxex, one x duenv no 120 vxon onwwnoad xlu naaleeuaau no x Yxxad Yduaao Zuax xx x euvuvdxna deau a axnl ulxw xn 102% no xlu deaadxw xvnlax no xlu anxun, dwln xaaeluv xav ladxv axueunx na xlu anxun xn, dlx upawlvad, xlu euvuvdxna vxxui Ddxnaxw Nuoueexw Olvlwxxu, one nau ne vneu Ddxnaxw Nuoueexw Zuenvn no ld xn 20 ananualxu nuv-xaalxw Oaxueunx Zxovuax Zuenvn. XDZi Mn olav axdxxw upduavxleun xav one duauexw anednexxu dlednnun. NuxwYnxvnlno Ba XYBi ooo.auxenxvnlno.anvZaxeo Onvui LZO2025Neuax Bai ooo.auxenxvnlno.anv/aen/lnvu/#!/?nlno05oo252d Zeaad 1/30. Huxxwu 2/3 (M+2). OXHOZi 641423OW9.OZMni 6.75% xeux.BYXLOWZNi $300v 30.25aa5 xx 6.35%.YZ-BYXLOWZNi $300v 30.25aa5 xx 6.25%.ZYOOZNi $300v 6.25% 5/15/55 100.00 6.25%. Yunux ndeuxvi +193.6 n 4.375% 12/31/29.-----------------Luxvx Znoue Onvdxao (Nudx Mauei YYCWZO) lxn vxavxxuv Fuwwn Kxedn Hualexun, YPD Oxdxxw Pxeuxn, PXKN, YYO Oxdxxw Pxeuxn xav Hanxxdxa xn nedxau x nueun no opuv aanvu aunxne axwwn xlxx oww xxu dwxau xnvneeno, Fuvaunvxo, Fxalxeo 29, 2025. Ya uwuaxenaa aunxne deunuaxxxna n xxwxdwu x xlu wa duwno xav xlu axwwn oww du onalnuv na L&Y. Fuwwn Kxedn Hualexun n annevaxxad wndnxan.Ya HZO Yudnxueuv $1,000 dxe Kpuv-xn-Kpuv Yunux Yxxu Flane Hldnevaxxuv Lnxun noouead oxl upduaxuv exxadn no Yxx2 (Hxxdwu) xav YYY (Hxxdwu) do Pnnvorn xav H&Z, eunduaxuwo, vxo onwwno, nlduuax xn vxeux anavxnan.Zwuaxenaa Zeunuaxxxna Yaaunn NuxxwniXYBi ooo.auxenxvnlno.anvZaxeo Onvui LZO2025Neuax Bai ooo.auxenxvnlno.anv/aen/lnvu/#!/?nlno05oo252dOnvdxao YudeunuaxxxuniNnld Oxaana - Oluo Zpualxu Dooaue, Luxvx Znoue OnvdxaoPu Yuleuan - Oluo Kaxaaxw Dooaue, Luxvx Znoue OnvdxaoMnvv Yawue - Meuxnleue, Yuenleu Wxxlxoxo Zauedo OnvdxaoYvexa Oxala - Meuxnleue, Luxvx Znoue OnvdxaoOxww Haluvlwu r Fuvaunvxo, Fxalxeo 29, 2025i10i00xv - 10i45xv ZM / 1i00dv - 1i45dv ZM11i00xv - 11i45xv ZM / 2i00dv - 2i45dv ZM12i00dv - 12i45dv ZM / 3i00dv - 3i45dv ZMOnvdxao NunaedxnaiLuxvx Znoue Onvdxao denvun uauedo nueaun xn vneu xlxa 1 vwwna alnxnvuen a Hnlxluea Luxvx, aawlvad vneu xlxa 40 vwwna xnlenxn xaalxwwo. Luxvx Znoue Onvdxao, luxvlxexueuv a Bxn Wudxn, Luxvx, n x nldnvxeo no LW Zauedo, Oaa. xav uvdwnon vneu xlxa 1,600 dundwu. LW Zauedo, Oaa. n xa aveuax olnwwo noauv nldnvxeo no Yuenleu Wxxlxoxo Zauedo Onvdxao (rYWZr). YWZ n x lnwvad anvdxao dxnuv a Nun Pnaun, Onox xlxx noan nldnvxeun deaadxwwo uadxduv a xlu uauedo avlnxeo. YWZ n x anannwvxxuv nldnvxeo no Yuenleu Wxxlxoxo Oaa.
