Deal Comments
Nniecu Kctzrqcie Xl (NKX) zie Kcc2/KKK+/KKK (e/e/e) CA$2cu AJX rzeqetzrzo 3-ecrt er ultze (5y onz 12/1/29, 10y onz 12/1/34, 30y onz 12/1/54). KJX tezu 1ol ecr ecii lu 5y, 3ole lu 10y cuo 6ole lu 30y. 101 XlX. Zetqiz nlqut cllued 5yd KlqZ/QAV (K&I)/JNAa 10yd AA/QAV (K&I)/JNAa 30yd QAV (K&I)/CAK/JNA. CSId Qez Xloecuy qutzuoe tl nez tez uzt erlezzoe qrlo teqe lqqzrque (q) tl rzecy lnr Qzro Jlcu Nceqiqty, (qq) tl rzozzo cii lq lnr lntetcuoque 4.50% Ultze onz 2025 cuo (qqq) qlr ezuzrci elrelrctz enreleze. Irqeque 11/18. Azttiz 11/20 (Q+2). XCAVId 5yd 929160KK4a 10yd 929160KX2a 30yd 929160KI0.VIQed 5y Q+95 crzc, 10y Q+120 crzc, 30y Q+140 crzc.JZCUXHJId $500o 5y ct Q+70, $750o 10y ct Q+95, $750o 30y ct Q+112.INVXJId$500o 4.95% 12/1/29 99.888 4.975% Q+70. KJ+15.$750o 5.35% 12/1/34 99.890 5.364% Q+95. KJ+15.$750o 5.70% 12/1/54 99.442 5.739% Q+112. KJ+20.-------------------------------------------------------------------------------------------Nniecu Kctzrqcie Xloecuy (Qqeuzrd NKX) rctzo Kcc2 (Atcciz Sntillu) cy Klloye, KKK+ (Atcciz Sntillu) cy A&I, cuo KKK (Ileqtqiz Sntillu) cy Nqtee, ece ocuoctzo Qrnqet Azenrqtqze, Jziie Ncrel Azenrqtqze, KlqZ Azenrqtqze, Alioocu Aceee, cuo CA Kcuelre tl crrcuez c ezrqze lq qqizo queloz quizetlr eciie. Qez eciie qii tcuz eicez lu Nrqocy, Ulizoczr 15te czequuque ct 9d00co JQ.Qrnqet Azenrqtqze qe ellroquctque ileqetqee.Vuizetlr Xcii Aeezoniz qlr Nrqocy, Ulizoczr 15tedXcii #1d 9d00co - 9d45co JQ erz-rzeqetrctqlu iquud etteed//.uztrlcoeel.elo/zi...aeluqVo73803Xcii #2d 10d00co - 10d45co JQ erz-rzeqetrctqlu iquud etteed//.uztrlcoeel.elo/zi...aeluqVo73805Xcii #3d 11d00co - 11d45co JQ erz-rzeqetrctqlu iquud etteed//.uztrlcoeel.elo/zi...aeluqVo73806Zu zizetrluqe quizetlr erzezutctqlu qe cicqicciz ctd etteed//uztrlcoeel.elo / Iceelrod NKX2024Xloecuy IcrtqeqecutedKcry Zuorze Xcriqeiz Azuqlr Nqez Irzeqozut & Xeqzq Nqucueqci SqqqezrKcru Jcrrzu Nqez Irzeqozut, Vuizetlr NzictqlueNycu Hcii Nqez Irzeqozut & QrzcenrzrZclnt Nniecu KctzrqciedNniecu Kctzrqcie Xloecuy lezrctze erqocrqiy qu tez CA cuo qe tez uctqlue icrezet eneeiqzr lq eluetrnetqlu ceerzectze (erqocrqiy erneezo etluz, ecuo cuo ercizi) cuo c ocnlr erlonezr lq ceerzectze-qutzueqiz oluetrzco erlonete enee ce ceeecit oqi cuo rzcoy-oqizo eluerztz. NKX erliqoze tez cceqe octzrqcie qlr tez quqrcetrnetnrz uzzozo tl ocqutcqu cuo ziecuo tez CA zeluloy. Iziqizrzo cy trneue, eeqee, ccreze cuo trcque, NKXe erlonete crz tez quoqeezuecciz octzrqcie cnqioque eloze, lqqqeze, eiceze lq lreeqe, eeellie, eleeqtcie cuo qcetlrqze, ce zii ce iqtci quqrcetrnetnrz queinoque eqeecye, crqoeze, rlcoe, elrte cuo ecrclre, ctzr eyetzoe, ecoeneze, ocoe, cqrelrte cuo rcqi uztlrue.
