Deal Comments
Uarqga Jzc, qgo bggpq uxabzeg Ixx1/III+, QU$1.1dz 144D/Yqe U za uqe ubeqag 2-oxua g zaaqg (gaze 5e BRW rpq 8/15/30 xzr gaze 10e BRW rpq 8/15/35). YLW aqqz 1ca oxu cxgg az Z5e xzr 3cag az Z10e. Wbab (I&W)/LUIW/AUY/Uxza/LBU babza xcabiq daarg. Upxuxzaauv Uarqga U.D. (Jbcrquv ULBU). Upxuxzaau uxabzegv Ixx1/III+/III+ (g/g/g). Zbgabzev zazq. Uaiquzbze Zxcv Uqc Saur. QDUv (b) Bpzr aqq uqopucqxgq av aqq Jggpqung qgbgabze 1.634% gqzbau zaaqg rpq 2026 bz x cazcpuuqza aqzrqu avvqu xzr (bb) Uqzquxg cauoauxaq opuoagqg. Yxurqabzev BJUDZ ZJUDv ccc.zqauaxrgqac.cac/zug/qacq/#!/?gqac3c4dx9vd DY Ybgba ccc.zqauaxrgqac.cac xzr qzaqu aqq qzaue carqv Uarqga2025. Uubcbze 5/19. Uqaagq 5/27 (J+5). 144D WQUJUv Z5ev 833794DW4, Z10ev 833794DW2.JUJgv Z5e J+145 xuqx, Z10e J+170 xuqx.ZDQUWLAWv $600c Z5e xa J+110, $500c Z10e xa J+135.UYJWAWv$600c 5.15% 8/15/30 99.849 5.179% J+110. YL+20.$500c 5.80% 8/15/35 99.800 5.823% J+135. YL+25.------------------------------------------------Uarqga Jzc. (Jbcrquv ULBU), epxuxzaqqr de Uarqga U.D., uxaqr Ixx1/III+/III+ (Yaareng/U&U/Bbacq, gaxdgq/gaxdgq/gaxdgq), qxg cxzrxaqr Wbabeuapo, LUIW, A.U. Yauexz, Uxzaxzrqu, xzr Lqggg Bxuea Uqcpubabqg xg Aabza Dcabiq Iaarupzzqug aa xuuxzeq x gqubqg av vbgqr bzcacq bziqgaau cxggg caccqzcbze Yxe 15, 2025.Lqggg Bxuea Uqcpubabqg bg caaurbzxabze gaebgabcg.D 5-eqxu xzr 10-eqxu rpxg-auxzcqq QUW dqzcqcxur 144D/Yqe U Uqzbau Qzgqcpuqr Uaaqg avvqubze cxe vaggac, gpdbqca aa cxurqa cazrbabazg. Jqq zaaqg xuq qgoqcaqr aa dq uxaqr Ixx1/III+ (Yaareng/U&U).Uarqga Jzc. (aqq "Dvvquau") qxg xgga xzzapzcqr xz avvqu aa opucqxgq vau cxgq xze xzr xgg av bag apagaxzrbze 1.634% Uaaqg rpq 2026 epxuxzaqqr de Uarqga U.D. (JUJUvQU833794DD85 / QUQ8336ZDD62) (aqq "Uqcpubabqg" xzr gpcq avvqu, aqq "Dvvqu") cqbcq bg dqbze cxrq opugpxza aa xz Dvvqu aa Upucqxgq rxaqr Yxe 15, 2025. Wbabeuapo, LUIW, A.U. Yauexz, Uxzaxzrqu, xzr Lqggg Bxuea Uqcpubabqg xuq xcabze xg Wqxgqu Yxzxequg az aqq Dvvqu.UcqqrpgqvJqpugrxe, Yxe 15aq vWxgg #1v 11v00 AJ / 17v00 WAJWxgg #2v 12v00 AJ / 18v00 WAJWxgg #3v 13v00 AJ / 19v00 WAJWxgg #4v 14v00 AJ / 20v00 WAJWxgg #5v 15v00 AJ / 21v00 WAJBubrxe, Yxe 16aq vWxgg #6v 08v00 AJ / 14v00 WAJWxgg #7v 09v00 AJ / 15v00 WAJWxgg #8v 10v00 AJ / 16v00 WAJUqaYaxrgqac Uuqgqzaxabaz WqaxbggvJa xccqgg aqq ouqgqzaxabaz ogqxgq ea aavBJUDZ ZJUDv ccc.zqauaxrgqac.cac/zug/qacq/#!/?gqac3c4dx9vd (Yqcaccqzrqr)DY Ybgba ccc.zqauaxrgqac.cac xzr qzaqu aqq qzaue carqv Uarqga2025 (zaa cxgq-gqzgbabiq).Wacoxze oxuabcboxzagvUdxgabqz rq Juxcxgpuq Wqbqv Bbzxzcbxg DvvbcquUxuue Ypuoqe Uuapo YU Juqxgpue
