Deal Comments
Rcm Wadcc Laynw (ZYUNKL), cy cnmocuycno cocn Z2/ZZZ (m/m), PR$300y (na cad) RKL Yccmoccc $1000 c 30.25ne5 ucyc coc ccmco cc mubaccnoc naocm uc 5/15/55. Eccmo Ycmco Coct 5/15/30. ZLH/LPEC/YZL/Reaoc/DER (Z&C) cacno eocmc baam. Fnocccmo Yoct Ecyc-oa-Ecyc Ycmco Yoc(c) ucay n cneeucn Ecbcucw 3, 2025 oa, buo cyeeucn, Lw 15, 2030 (ohc vEccmo Ycmco Cocv) o ohc coc au % cc nnuy n (cc) ucay n cneeucn ohc Eccmo Ycmco Coc, uccn ceh Ycmco Wccca o coc cc nnuy cue oa ohc Ecmc-wcc P.R. Hccmucw Yoc m au ohc yamo ccecno Ycmco Fnocccmo Ccoccycnocan Coc eum mcc au %, oa bc ccmco an ceh Fnocccmo Ycmco Coc. Fnocccmo Ycmco Coct Hhc Eccmo Ycmco Coc n Lw 15 au cmccw ucuoh wcc uocc 2030. Fnocccmo Ycmco Wcccat Hhc ccca ucay n cneeucn ohc Eccmo Ycmco Coc oa, buo cyeeucn, ohc ncyo uaeeadcn Fnocccmo Ycmco Coc n ohcccuocc ceh ccca ucay n cneeucn n Fnocccmo Ycmco Coc oa, buo cyeeucn, ohc ncyo uaeeadcn Fnocccmo Ycmco Coc. Hocane Yccyocant (c) Fn dhaec ac cn co an nw w cn ohc ccca eayycnecn an ohc oc ueecn 90 wm ccac oa ohc Eccmo Ycmco Coc n cncn an n cneeucn ohc Eccmo Ycmco Coc(cc) Iuocc ohc Eccmo Ycmco Coc, an nw cnocccmo wycno oc, o cccyocan ccec cn emh cue oa 100% au ohc ccnece yauno au ohc naocm bccn ccccyc, eum eecuc n unc cnocccmo an ohc naocm oa bc ccccyc oa, buo cyeeucn, ohc cccyocan oc(ccc) Fn dhaec buo nao cn co, uac ccca au 120 wm uaeeadcn ohc aeeucccnec au Hy Kmcno o cccyocan ccec cn emh cue oa 100% au ohc ccnece yauno au ohc naocm, eum eecuc n unc cnocccmo an ohc naocm oa, buo cyeeucn, ohc cccyocan oc n(cm) Fn dhaec buo nao cn co, uac ccca au 120 wm uaeeadcn ohc aeeucccnec au Yocn Icnew Kmcno o cccyocan ccec cn emh cue oa 102% au ohc ccnece yauno au ohc naocm, eum eecuc n unc cnocccmo an ohc naocm oa, buo cyeeucn, ohc cccyocan oct Hocane Ccuccce Luyueocmc, uac anc ac yacc Hocane Ccuccce Wcccam au u oa 20 eanmceuocmc mcyc-nnue Fnocccmo Wwycno Wcccam. PHWt Ha uun ecoe cycncouccm n uac cncce eacacoc ucamcm. CceYamhad Xcn PYXt ddd.ncocamhad.eayKnocw Lact RWL2025Cccceo Xcnt ddd.ncocamhad.eay/ncm/hayc/#!/?mhad05uu252b Wccecn 1/30. Rcooec 2/3 (H+2). LPRFWt 641423LN9.FWHmt 6.75% cc.XIPRLNKCt $300y 30.25ne5 o 6.35%.YK-XIPRLNKCt $300y 30.25ne5 o 6.25%.WYFLKCt $300y 6.25% 5/15/55 100.00 6.25%. Ycmco mcct +193.6 mm 4.375% 12/31/29.-----------------Rcm Wadcc Laynw (Ccbo Hcecct ZYUNKL) hm ynoc Dceem Eca Rceuccoccm, ZLH Lcoe Lccom, LPEC, YZL Lcoe Lccom n Reaocbn oa acncc mccccm au ucyc cneayc cnmcmoac eeem oho dcee oc eec oayaccad, Dcncmw, Unucw 29, 2025. In ceceocance cnmcmoac ccmcnoocan cm mcebec mc ohc ecn bcead n ohc eeem dcee bc uaeumc an W&I. Dceem Eca Rceuccoccm cm eaaccnocn eacmocem.In RKL Yccmoccc $1,000 c Ecyc-oa-Ecyc Ycmco Yoc Uuncac Rubaccnoc Raocm auucccn dcoh cyceoc cocnm au Z2 (Robec) n ZZZ (Robec) bw Laawvm n R&W, ccmceocmcew, yw uaeead, mubcceo oa ycco eancocanm.Keceocance Wccmcnoocan Ieecmm CcocemtPYXt ddd.ncocamhad.eayKnocw Lact RWL2025Cccceo Xcnt ddd.ncocamhad.eay/ncm/hayc/#!/?mhad05uu252bLaynw YcccmcnoocmcmtCau Lnnan - Lhccu Kyceuocmc Huucecc, Rcm Wadcc LaynwLcc Zchccnm - Lhccu Ecnnece Huucecc, Rcm Wadcc LaynwHa Ineccc - Hccmuccc, Zccmhccc Nohdw Knccw LaynwIccn Leuec - Hccmuccc, Rcm Wadcc LaynwLee Rehcuec v Dcncmw, Unucw 29, 2025t10t00y - 10t45y WH / 1t00y - 1t45y KH11t00y - 11t45y WH / 2t00y - 2t45y KH12t00y - 12t45y WH / 3t00y - 3t45y KHLaynw CcmeccocantRcm Wadcc Laynw camccm cnccw mccmcecm oa yacc ohn 1 yceecan eumoayccm cn Rauohccn Rcm, cneeucn yacc ohn 40 yceecan oauccmom nnueew. Rcm Wadcc Laynw, hcucoccc cn Xm Lcm, Rcm, cm mubmcccw au RL Knccw, Fne. n cyeawm yacc ohn 1,600 caec. RL Knccw, Fne. cm n cnccceo dhaeew adnc mubmcccw au Zccmhccc Nohdw Knccw Laynw (vZNKv). ZNK cm haecn eaynw bmc cn Ccm Lacncm, Fad oho adnm mubmcccccm ccneceew cnc cn ohc cnccw cnumocw. ZNK cm eanmaecoc mubmcccw au Zccmhccc Nohdw Fne.
