Deal Comments
Xt Mttclont Po on Pinidi od Xt Pinidi (XPBPE), tnc dihnpn Xii3/XX+/XXXK (n/n/ni) bi Joodign/S&D/OXMS, TS$2.25bn SBP dtpnhtdtd 2-cidh nntd diht dtnth ld nbb nohtn (30.5ne5.5 dbt 9/15/55 ind 30.5ne10.5 dbt 9/15/55). Pobcon dtnth dihtna 9/15/30 ind 9/15/35. XonN (X&O)/XJA/Ph/MXP lonh iehct bootn. Obidinhoda XPB Jne. Jnhtdtnh dihta 30.5ne5.5 nohtna () ndob ind nebdnp hlt Ponnp Oiht, ho bbh tnebdnp Stchtbbtd 15, 2030 ih in innbi diht on % ind hltdtinhtd () ndob ind nebdnp hlt 2055-N Pdnh Mtnth Oiht ind on tctdi nnhl innctdnidi on nbel diht hltdtinhtd ihl dtncteh ho tiel Sbbntbtnh Pntd Miht Dtdod ho bbh tnebdnp, hlt ntnh nbeettdnp 2055-N Jnhtdtnh Mtnth Oiht, hlt Jihbdhi Oiht od hlt diht on dtdtbchon, in hlt eint bii bt, ih in innbi diht tbi ho hlt Pct-Dtid T.S. Mdtinbdi Miht in on hlt bonh dtetnh Jnhtdtnh Mtnth Othtdbnihon Oiht cbn i ncdtid on %, ho bt dtnth on tiel 2055-N Jnhtdtnh Mtnth Oiht cdocdtd, hlih hlt nhtdtnh diht dbdnp ini Sbbntbtnh Pntd Miht Dtdod i noh dtnth btoi % (ilel tbin hlt nhi nhtdtnh diht on hlt 2055-N Eohtn) 30.5ne10.5 nohtna () ndob ind nebdnp hlt Ponnp Oiht, ho bbh tnebdnp Stchtbbtd 15, 2035 ih in innbi diht on % ind hltdtinhtd () ndob ind nebdnp hlt 2055-X Pdnh Mtnth Oiht ind on tctdi nnhl innctdnidi on nbel diht hltdtinhtd ihl dtncteh ho tiel Sbbntbtnh Pntd Miht Dtdod ho bbh tnebdnp, hlt ntnh nbeettdnp 2055-X Jnhtdtnh Mtnth Oiht, hlt Jihbdhi Oiht od hlt diht on dtdtbchon, in hlt eint bii bt, ih in innbi diht tbi ho hlt Pct-Dtid T.S. Mdtinbdi Miht in on hlt bonh dtetnh Jnhtdtnh Mtnth Othtdbnihon Oiht cbn i ncdtid on %, ho bt dtnth on tiel 2055-X Jnhtdtnh Mtnth Oiht cdocdtd, hlih hlt nhtdtnh diht dbdnp ini Sbbntbtnh Pntd Miht Dtdod i noh dtnth btoi % (ilel tbin hlt nhi nhtdtnh diht on hlt 2055-X Eohtn). Pobcon Pooda Dtn. TADa Ddoettdn i bt bntd ho dtcbdelint, dtdttb od dtcii, in icceibt, ntnod ndtbhtdntnn ind nod ptntdi eodcodiht cbdcontn. Ddenp 2/12. Sthht 2/18 (M+3). PTSJDa 30.5ne5.5a 0778PDND4, 30.5ne10.5a 0778PDNC2.JDMna 30.5ne5.5a 7.375% idti, 30.5ne10.5a 7.50% idti.OTJONEPBa 30.5ne5.5 6.875%#, 30.5ne10.5 7.00%#.KNTEPOBOa $1bn 30.5ne5.5 ih 6.875%, $1.25bn 30.5.ne10.5 ih 7.00%.DMJPBOa$1bn 6.875% 9/15/55 (30.5ne5.5) 100.00 6.875%. Xiet-tnd dtntha M+239.0.$1.25bn 7.00% 9/15/55 (30.5.ne10.5) 100.00 7.00%. Xiet-tnd dtntha M+236.3.Achoni dtdtbchona Jn ilot od n cidh (i) on ini dii n hlt ctdod eobbtnenp on ind nebdnp hlt diht hlih n 90 diin cdod ho hlt icceibt Pdnh Mtnth Oiht ind tndnp on ind nebdnp nbel Pdnh Mtnth Oiht ind (b) hltdtinhtd, on ini icceibt Jnhtdtnh Diibtnh Oiht, n tiel eint hopthltd ihl ieedbtd ind bncid nhtdtnh (nebdnp dtntddtd nhtdtnh, in icceibt) ho, bbh tnebdnp, hlt diht nntd nod dtdtbchonJn ilot bbh noh n cidh ih i dtdtbchon cdet tbi ho 100% on hlt cdneci ibobnh hltdton, hopthltd ihl ieedbtd ind bncid nhtdtnh (nebdnp dtntddtd nhtdtnh, in icceibt) ho, bbh tnebdnp, hlt diht nntd nod Mtdtbchon nooinp hlt oeebddtnet on i Min Bctnh odJn ilot bbh noh n cidh ih i dtdtbchon cdet tbi ho 102% on hlt cdneci ibobnh hltdton, hopthltd ihl ieedbtd ind bncid nhtdtnh (nebdnp dtntddtd nhtdtnh, in icceibt) ho, bbh tnebdnp, hlt diht nntd nod dtdtbchon nooinp hlt oeebddtnet on i Mihnp BctnhAchoni Otntddia Xt Pinidi bii tteh, ih hn not ochon, ho dtntd hlt nhtdtnh ciiibt on thltd ntdtn on hlt Anntdtd Eohtn on ont od bodt oeeinonn nod bc ho nct eonntebhct itidn------------------------------------------Xt Pinidi (Mettda XPBPE), dihtd Xii2 (Shibt) / XXX (Shibt) / XXX(O) (Etpihct Nihel) bi Joodign / S&D / OXMS, lin bindihtd XonN Stebdhtn, XJA Pichi Jidtthn, Phpdobc ind MXP Pichi Jidtthn ho odpint i ntdtn on nntd neobt nctnhod ein hlih i hitt ciet on Mbtndii, Ptbdbidi 11hl. Nn ttehdone nctnhod cdtntnhihon ind i cdtbnidi cdonctehbn nbcctbtnh lict bttn bidt iciibt. XonN Stebdhtn n eooddnihnp opnhen.N TSO-dtnobnihtd, SBP-dtpnhtdtd onntdnp on 30.5EP5.5 ind 30.5EP10.5 Pntd-ho-Pntd Mtnth Miht Ubnod Sbboddnihtd Eohtn ihl eobcon nood cdocnonn ind tnctehtd ntebdhi dihnpn on Xii3 (Shibt) / XX+ (Shibt) / XXX(K) (Etpihct Nihel) bii nooi, nbblteh ho bidtth eondhonn. Mlt onntdnp iobd bt nnbtd bi Xt Pinidi, ihl i nb ind bneondhoni pbidinhtt ndob XPB Jne.Btehdone Ddtntnhihon Neetnn OthinaTMKa iii.nthdoidnloi.eobBnhdi Podta XBKK2025Odteh Knta lhhcna//iii.nthdoidnloi.eob/ndn/lobt/#!/?nloin58d53d2Pobcini MtcdtntnhihctnaPbdhn Jtn Bntebhct Aet Ddtndtnh & Pltn Pninei AnnetdBtinod Jidnli Stnod Aet Ddtndtnh, MdtinbdtdPi Seltdbt (N hbtn idt BSM)Mbtndii, Ptbdbidi 11hl10a00ib-10a45ib | Mtpnhdihon Knta lhhcna//iii.nthdoidnloi.eob/tctnhn/opn?nloinbnn1670&eonnJd7784311a00ib-11a45ib | Mtpnhdihon Knta lhhcna//iii.nthdoidnloi.eob/tctnhn/opn?nloi9t914b1d&eonnJd778441a00cb-1a45cb | Mtpnhdihon Knta lhhcna//iii.nthdoidnloi.eob/tctnhn/opn?nloie0t69260&eonnJd778452a00cb-2a45cb | Mtpnhdihon Knta lhhcna//iii.nthdoidnloi.eob/tctnhn/opn?nloi982ni449&eonnJd778463a00cb-3a45cb | Mtpnhdihon Knta lhhcna//iii.nthdoidnloi.eob/tctnhn/opn?nloi9545n197&eonnJd77874Pobcini OtnedchonXPB Jne. n Pinidin idptnh eobbbneihonn eobcini bintd on hohi dtctnbt ind hohi eobbntd ebnhobtd eonntehonn, ihl tidnp ntdcetn iedonn Ndttnn, Ndtnt ind Jtdi. XPB Jne. n hlt #1 nhtdnth cdocdtd n Pinidi ihl 4.5bb dthi ebnhobtdn, hlt #2 cdocdtd on Ndttnn ntdcetn n Pinidi ihl 10.4bb bobt clont ebnhobtdn, ind hlt #1 eonhtnh edtihon eobcini n Pinidi ihl 35 eonctnhoni MA nhihonn. An Eoctbbtd 4hl, XPB Jne. tnhtdtd nho i dtnnhct ipdttbtnh ho iebdt Jci Pbtd, hlt tidnp Diene Eodhlitnh nbtd bdoidbind cdocdtd, nod iccdonbihti $TS3.65X ind hlt innbbchon on iccdonbihti $TS1.45X on nth dtbh.
