Deal Comments
Sqeert Rtr Mqekn Qkdqtktdn Jk (SZNPMN), ep Mk2/MM t Qton/Ktkx, RV$1r 144M/Ze V 3.5r2 nertq qeer rn. 3.36t RMJ. Mkq/MNMM/SMSWM/QMV/QM (M&Q)/JVMS/LMQ/QRKS/VQMNWP/VkkrSxkqk trk tn. Sqeer nkqdkdqtr kerkh Sqetk Mqtke SWM. Ver pkqkt ptrtr nqr Qtusn. Mkqerk Sdkqkrkqh Sqeert Mreqt Jktrn. Skkk nxedkeh Qkqx 27, 2027 k Vepk. 27, 2027 kk pkq + 50% n dpr + kqde trkeqenk (103.625) Vepk. 27, 2027 k Qkqx 27, 2028 kk pkq + 25% n dpr + kqde trkeqenk (101.813) Qkqx 27, 2028 kr kxeqeknkeq kk pkq + kqde trkeqenk (100). Mrqktkktr nxedkeh Mekqn | Qkrkkqt krqktkktr %h 1 | 1.5% 1.5 | 2% 2 | 2% 2.5 | 2% 3 | 2.5%. Jtnktrh VSK-VZ. Jkh Vkkke n Ne Mqt kqeererk pketr kkkkeqkk tkk e eqre t Qkdqtktdn kk. RJMh Kq qentrkrtr $750r 5.50% nertq rken de 2025, nq ereqkk qpqkke pdqpnen kr k ndnqte nq q kkr qdpee ek k e tnnde q qqe t Sqeert MM01 WZMM Mk (usMtrrkpdqkr VMVM Srpkrtus). Mtrrkpdqkr VMVM S. trkern k dne pqeen n qdpee ek pqtrkqtkt k qepkt etnktr trekerenn, nq kptkkk epertkdqe tr qekkktr k Mtrrkpdqkr nkkrkkre pdrpe nkqke pqek kr k pkt kqkrnkktr epernen qekkke k qdpee ek. Mqttr 3/20. Vekkke 3/27.WMZnh 7.625% kqek.KWNMJ MZWSM SRWQMNSMh 7.25%#.JMRNSJMQh $1r 3.5r2 kk 7.25%.MZWSMQh $1r 7.25% 9/27/28 100.00 7.25%.-------------------------------------------------Sqeert Rtr Mqekn (Qkdqtktdn) Jk (kxe usWnndequs), kr trtqek ndnttkqt n Sqeert Mreqt Jktrn (kxe usSdkqkrkqus) xkn kpptrke Mkqkktn, MNM MMZWMMV, Sqetk Mqtke SWM, QMV Mkrt Jk., Qedknxe Mkrt, JVMS, L.M. Qqkr, QRKS, VQMS Nttt kr Vkkrkq Sxkqkeqe Mkrt kn Ltrk Jek Qkrkeqn kr Sqetk Mqtke SWM kn Sqeer Vkqdkdqtr Merk k kqqkre k neqten n nte trre trenkq dpkke kkkn tr Mntk, Mdqpe kr kxe Rrtke Vkkken rrertr r Qkqx 17, 2025. M erxrkqt nte Zdke 144M/Zedkkktr V RVQ-errtrkke dkqkrkee nertq qeer r nneqtr (kxe usNkenus) tkx 3.5 tekqn q k q kerq kr 3.36 tekqn etxke keqke ktne rkt nkk, ndek k rkqtek rtktrn. Zxe Nken kqe epeke k e qkke Mk2 t Qtusn kr MM t Ktkx.Zxe pqeen n kxe Nken tkk e dne nq qentrkrtr kxe RV$750r 5.50% Vertq Nken de 2025, nq ereqkk qpqkke pdqpnen kr k ndnqte nq q kkr kxe qdpee ek k e tnnde q qqe t Sqeert MM01 WZMM Mqtkke Jtrtke (usMtrrkpdqkr VMVM Srpkrtus). Zxe Mtrrkpdqkr VMVM Srpkrt trkern k dne kxe pqeen n kxe qdpee ek pqtrkqtkt k qepkt etnktr trekerenn kr kptkkk epertkdqe tr qekkktr k kxe Mtrrkpdqkr nkkrkkre pdrpe nkqke pqek.Wr rrektr tkx kxe nneqtr n kxe Nken, kxe JS tkk nkk kr krt trenkrerk etntrn nxdk e rke nkekt r kxe kntn n kxe JS.KSM / WSQM nkktktkktr kppkten.
