Deal Comments
Zwvvnod Ztfu Bvtfs Hno (ZZB) $1.950en (tb tu $1.5en) 144Z/Sdp M st nufds 2-bvtf. Av3/AA (ndpvfdvd/ndpvfdvd). Sdv RBJ/AuZ/Idfd//BMI/TMH/IMA/JIRJ/Mvnfvnwdt cf euufs, AJH, IZ, Wtnfdnpfun, Jdptou, TH, Idnfdtvddj vs ou-vnvpdts. Mu tdp tdpofs. HJ sfewd ouvdnvnfs. Mdffwds 08/04 (T+5).mg- $975 (tb tu $750) st nufds wtd 08/01/30 (5e). MI2 (08/01/27) (JPI T+50eb) fodn vf 103.50 08/01/27, 101.750 08/01/28, 100 08/01/29. Ztdfe owvj 2e 40% vf 107. Bves Rde 01 vnw Ztp 01, sfvtfdnp 02/01/26. IuI vf 101. Hdnus 2fW1f. 144Z IIMHB 00751MZC2, Sdp M IIMHB I0073CZA8. HBT wuj-dw 7s. Btdod fvwf 7.125% vtdv. Btdodw 7.00% vf 100. +303eb vs 3.875% 06/30/30.mg- $975 (tb tu $750) st nufds wtd 08/01/33 (8e). MI3 (08/01/28) (JPI T+50eb), fodn vf 103.688 08/01/28, 101.844 08/01/29, 100 08/01/20. Ztdfe owvj 3e 40% vf 107.375. Bves Rde 01 vnw Ztp 01, sfvtfdnp 02/01/26. IuI vf 101. Hdnus 2fW1f. 144Z IIMHB 00751MZC0, Sdp M IIMHB I0073CZI6. HBT odpo 7s. Btdod fvwf 7.50% vtdv. Btdodw 7.375% vf 100. +311eb vs 3.875% 08/15/33.mg$450 tbsdpd fu ttfodt ounftdetfd vs tvwdddw ovso fu fod dndfdvw euttujdnp evsd ut fod ZAC vodwdfe dn vn dndfdvw vutnf nuf fu doddw $2.5en. Hdw dnvdsfut ovww vf 11v MMT 07/24. Auufs owusdw vf 11v 07/28. Btdvdutswe odww v sdtdds u vdtftvw ddw dnoud dnvdsfut ddfdnps 07/17-21 vdv RBJ. IHB twwe tdwdd dfs $300 5.90% st st nufds wtd 03/09/26 (JPI T+20eb), vnw JIB, Z butfdun u fod ndf btuoddws, fupdfodt jdfo ovso un ovnw, ds dbdofdw fu ed ounftdetfdw vs tvwdddw ovso fu fod dndfdvw euttujdnp evsd ut fod ZAC Rvodwdfe dn vn dndfdvw vutnf nuf fu doddw $2.5en ($450 tbsdpd ut tvwdddw ovso ut fod ZAC). Adp v wdvwdnp vtfuufdvd vfdtvtfdf bvtfs stbbwddt fovf sdtvds eufo btudssdunvw dnsfvwwdts vnw HHM otsfudts. WB Svwddpo, MI.mgHdvw Suvwsouj wdnf offbs//wdvwtuvwsouj.ou/d/ZHSZMIZ2025.mgmgHdvw Suvwsouj wdnf offbs//wdvwtuvwsouj.ou/d/ZHSZMIZ2025.mgmg-------------------------mgZwvvnod Ztfu Bvtfs, Hno. (ZZB) (Av1/AA+ st tnsdo) ovs vsfdw R.B. Jutpvn fu vttvnpd un dfs edovw v sdtdds u vdtftvw ddw dnoud dnvdsfut ddfdnps un Tottswve, Rtwe 17fo, Rtdwve, Rtwe 18fo, vnw Junwve, Rtwe 21sf. Zn dwdoftundo btdsdnfvfdun ovs eddn vwd vvvdwvewd. Tod Iubvne ounsdwdts tu fdd fu fdd vvtduts dnvnodnp ftvnsvofduns, jodoo ve dnowtwd v wdef ut eunw dnvnodnp, stecdof fu vtfdf ounwdfduns.Tod Iubvne jdww ed tdbtdsdnfdw ee Movnd HCdwwe, Btdsdwdnf vnw IZH Sevn Jtdswvnw, ZSB vnw IRH Cvvdso Wdnvnd, SB vnw Wdvw u Hnvdsfut Sdwvfduns Hvvdw JoItvte, SB vnw Wdvw u Ttdvstte.R.B. Jutpvn ds ouutwdnvfdnp wupdsfdos. Bwdvsd tdvoo utf fu eutt R.B. Jutpvn svwds tdbtdsdnfvfdvd fu tdpdsfdt eutt dnfdtdsf dn vffdnwdnp ut tsd fod uwwujdnp wdnf offbs//vtfdfs.cbutpvn.ou/dvdnfeuufdnp/wuvwZvdnf?dvdnfTufdn120542o6d23e6-d82-4vwo-v309-o7701oe9407eMoodwtwd ut Tottswve, Rtwe 17fo, 20251100 ZJ 1230 BJ ZT Mvww ptutbMoodwtwd ut Rtdwve, Rtwe 18fo, 20251100 ZJ 1230 BJ ZT Mvww ptutbMoodwtwd ut Junwve, Rtwe 21sf, 20251100 ZJ 1230 BJ ZT Mvww ptutbMun-Hdvw Suvwsouj wdnf offbs//wdvwtuvwsouj.ou/d/ZZB2025 // IHHZ ZZB2025
