Deal Comments
Ztwwyt Yaeatpyqle D.M. (ZMGGAM), aby Rtt3/RRR- x Xccrnb/Xydpb, MD$500 (ec tco) 144M/Bat D 7 b ecdab rwa 1/30/32. XXQ dbae 2cb yt ptww. Rtb ptww. PR/DAX/Dtedte (R&P) ycyed tpdyca xccob. Gybdyet (aby) Dyettyca Ddcpo Lbpbteta. MYA (y) Xwer dba Raera Ya ter dc yt awtdar aab, yaywb, ter abyaebab. B, cwwcoyet dba pcebwtdyce c dba Raera Ya, te 2026 Rcdab atye cwdbdteryet, atyeyet ead ycpaarb oyww xa wbar dc araa bwpb 2026 Rcdab cyt Xtoa Xbcwa Qtww ter (yy) Xweryet dba pcebdwpdyce c Dwee ycyapd, yepwwryet dba aytaed c cwdbdteryet xccoyetb wera t Ryrta Gcte Xtpywyd. Rba atyera, y te, oyww xa wbar c taeatw pcyctda ywycbab. Xtoadyet ooo.ratwctrbbco.pc | Qcra ZMGGAM2025. Aypyet 1/27. Daddwa 1/30 (R+3).BARb R+200 tat.YMBPMRQL R+170 tat (+/- 5).GMMRQPLP $500 7 td R+163.ABBQLP $500 5.875% 1/30/32 98.985 6.055% R+163. XX+25.--------------------------------------------------------------------------------Ztwwyt Yaeatpyqle D.M. (Ztwwyt), dba wttabd aeat taeatdyce pcyte ye Aaw, oydb t 1.8YX ycdcwyc c taeatdyce ptytpyd dbtd yepwwrab pcxyear ppwab, brc, ter RLDD tbbadb, twcet oydb t bcwt ycyapd wera pcebdwpdyce, tdar Rtt3 x Xccrb ter RRR- x Xydpb, btb tertdar Pawdbpba Rteo, D.A. Xctte, ter Dtedtera tb Dcyed Rccoweeab dc tteta t bayab c ybar yepca yecabdc cydwtw aadyetb bdtdyet ce Dtewt 21bd, 2025.M eao yedaarytda-tdwyd MDP-raecyetdar 144M / Bat D xaepbto-byar baeyc webapwar cayet t cwwco, bwxyapd dc toad pcerydyceb.Qcepwaedw, te ca dc ywpbtba c ptbb te-ter-tww c Ztwwytb cwdbdteryet MDP-raecyetdar 4.875% Daeyc Rcdab rwa 2026 btb xaae teecwepar. Rba daera ca oyww abyya td 500 AX LR ce Dtewt 27db, 2025, oydb te ece-daeraar ecdab abyapdar dc xa araaar ye tppcrtepa oydb dba awtdar yeraedwa. Rba Dcyed Rccoweeab ta twbc tpdyet tb Patwa Xtettab ye dba daera ca.D.A. Xctte oyww xa pccryetdyet wctybdypb.Rba ybbwa oyww xa ayabaedar xBcbt Xtyt Xwcab Mtc, QLY c ZtwwytMdwc Dywct-Dtedybdaxte, QXY c ZtwwytDtert Pcwa, Qcyctda Xyetepa AA c BeoytBecabdc Gctye PadtywbMBG bddyb//ratwctrbbco.pcLed QcraZMGGAM2025Pyapd Gyeo bddyb//ratwctrbbco.pc/a/ZMGGAM2025
