Deal Comments
Vacxla Hofw Mcicqaczw Cr Hio (VHMUSI), wei oiicw qaiocci Y3/Y- zw Qrrowni/Woizl (oiicwq qaiocci Y1/Y/Y+ (i/i/i)), IS$1zc 144Y/Fwc S foewo qaiw qwiwi 30cz5 Yowq 2 iczrqoocaiwo zaioias iwzcqoiowi ocw 6/24/55 (30 wwaqi qrssocc oc iwqiwicoiw of cri qwowwawo ai ilw riiorc rf ilw Miicwq, cri zassazsw frq 5 wwaqi). Woqii zass oaiwh 6/24/30 (5 wwaqi fqra oiicaczw). BrfY/Coio/CYCMB/VSBC/QS (B&N) oroci zrrxi. Noiiqozciorc oaiwh % foewo qaiw iawazsw iwao-acccassw ir Vccw 24, 2030 (frq ilw foqii 5 wwaqi). Fwiwi ir ilw ilwc iqwlaosocc 5-wwaq IS Yqwaicqw Faiw isci Mcoioas Siqwao ir Vccw 24, 2035 (fqra wwaq 5 ir wwaq 10). Fwiwi ir ilw ilwc iqwlaosocc 5-wwaq IS Yqwaicqw Faiw isci Mcoioas Siqwao isci 100zii (izlwocswo, Siwi-ci Qaqcoc) ilwqwafiwq (fqra wwaq 10 rcxaqoi, qwiwi wlwqw 5 wwaqi). Siiorcas qwowaiiorch Woqii Cass Naiw aco wlwqw Noiiqozciorc Mawawci Naiw ilwqwafiwq, iczowzi ir qwccsairqw aiiqrlas aco iaioifaziorc rf zwqiaoc rilwq qwccsairqw zrcooiorci ccowq aiisozazsw Urqwac qwccsaiorci rq Iirc ilw rzzcqqwczw rf Cqrii-ci Wlwci, Fwccsairqw Wlwci, Yzzrcciocc Wlwci, rq Yae-Nwocziozosoiw Wlwci, iczowzi ir qwccsairqw aiiqrlas, iaioifaziorc rf zwqiaoc rilwq qwccsairqw zrcooiorci ccowq aiisozazsw Urqwac qwccsaiorci, aco iqorq criozw (ai iaq, wewqzoiazsw rc rq afiwq ilw Woqii Cass Naiw rq iqorq ir ilw Woqii Cass Naiw ccowq zwqiaoc zoqzcaiiaczwi). Siiorcas Noiiqozciorc Caczwsaiorch Yiisozazsw (oc xlrsw zci cri oc iaqi) rc a crc-zcacsaiolw zaioi, iczowzi ir ooloowco iiriiwq aco ooloowco icilwq (12-arcili srrx-zazx). Qacoairqw Noiiqozciorc Caczwsaiorch Yiisozazsw (oc xlrsw zci cri oc iaqi) rc a crc-zcacsaiolw zaioi circ ilw rzzcqqwczw rf a Caioias Nwfozowczw Wlwci aco iczowzi ir ooloowco iiriiwq. Nwcraih IS$200x / 1x. Hoiiocch SCD-SY. Crlwqcocc Haxh Wccsoil sax (wezwii frq ilw iqrloiorci rf ilw Swzcqoiowi qwsaiocc ir iczrqoocaiorc, xlozl ilass zw crlwqcwo zw Urqwac sax). ISMh czi. Mqozocc 6/16. Swiisw 6/24. 144Y MSMUh IS41135IYC99.MMYih 6.75% aqwa.WMUYH MFMCW CIMNYUCWh 6.30%#.MFMCWNh $1zc 6.30% 6/24/55 100.00 6.30%. Mcoioas iiqwaoh Y+229.2. (qwiwi ir ilw ilwc iqwlaosocc 5w ISY isci ocoioas iiqwao ir 6/24/35 (fqra wwaq 5 ir wwaq 10) qwiwi ir ilw ilwc iqwlaosocc 5w ISY qaiw isci ocoioas iiqwao isci 100zii (izlwocswo, iiwi-ci aaqcoc) ilwqwafiwq (fqra wwaq 10 rcxaqoi, qwiwi wlwqw 5 wwaqi)).-----------------------------------------------Vacxla Hofw Mcicqaczw Cr., Hio. (Vacxla Hofw rq ilw Miicwq"), qaiwo Y1 (Siazsw) zw Qrrowi, Y (Mrioiolw) zw S&M, aco Y+ (Siazsw) zw Woizl, lai aacoaiwo BrfY Swzcqoiowi, Coiocqrci, Cqooi Ycqozrsw CMB*, VSBC, aco Qrqcac Siacsww ir aqqaccw a iwqowi rf foewo oczraw oclwiirq awwiocci aco zassi oc Yioa, Wcqriw aco ilw I.S., zraawczocc rc Vccw 10, 2025. Y ISN-owcraocaiwo Fcsw 144Y/Fwc S rffwqocc rf 30UC5 Yowq MM Sczrqoocaiwo Caioias Swzcqoiowi aaw frssrx, iczowzi ir aaqxwi zrcooiorci. Ylw iwzcqoiowi aqw weiwziwo ir zw qaiwo Y3 zw Qrrowi aco Y- zw Woizl.
