Deal Comments
Tmbca Hmv Kr (TBY) $4sr 144F/Tck K vi rmacv 2-rtia. At1/AA/AAA- (vatsoc/rmvnanc/vatsoc), kak s Tmbca Zmiaktkc CCH trk nav kmgcvan visv amta kititracc Tmbca Zaklv vi rmacv. Lnt YTZ/AmvF/ZK/ZK/MVK/Faotv/Znaimm//TAH/Ktratrkci ba smmbv, Ati, Hnanacrv, VKYA, Riranrkamr, BKA, AZH, Fmgiit, BAK tv m-gtrtkciv. Fm ick inkmav. KZTe nv amc Zi. Hmmrci Frinvnanmr kmcv rma mii rinmi am Kcracgsci 30, 2026 Tmbca noo ickccg too mv amc rmacv ta 100. Ttianto Krcnto Ztrktami Tckcgranmre nv mr amc 45am kt vmoomnrk amc mrviggtanmr mv amc Zi Hmmrci trinvnanmr, ciatnr Zi. Hmmr cnvanrk rmacv tic vanoo miavatrknrk (visbca am ciatnr ccranmrv) Tmbca noo ickccg tr tkkicktac rinrnrto tgmira mv rmacv crito am amc Zi Hmmrci miavatrknrk rmacv gnriv smiimnrkv icrtnk irkci Tmbcalv vciick kcsa. Kcaaocv 06/20 (Y+10).- $2sr vi rmacv kic 08/01/30 (5). FH2 (08/01/27) (ZMH Y+50sr), amcr ta 103.063, 101.531, 100. Arina ote 2 40% 106.125. HmH ta 101. 144F HBKKTe 77311MFF9. KTYe gnk 6v. Tinc atob 6.125% tict. Ctirmcke $2sr ta 6.125%. Tincke 6.125% ta 100. +214sr v 4% 05/31/30.- $2sr vi rmacv kic 08/01/33 (8). FH3 (08/01/28) (ZMH Y+50sr), amcr ta 103.188, 101.594, 100. Arina ote 3 40% ta 106.375. HmH ta 101. 144F HBKKTe 77311MFA7. KTYe mnkm 6v. Tinc atobe 6.375% tict. Ctirmcke $2sr ta 6.375%. Tincke 6.375% ta 100. +211sr v 3.375% 05/15/33.Dnk nrcvami too ta 3rg 06/03. Ammbv omvck ta 11e30tg 06/05. BHTe icrt Tmbca trk Zi Hmmrci kcsa nr mrbiranmr nam amc trinvnanmr mv Zi Hmmrci Zimir Kr (HHHT) (At3/A/AA) nr tr too vamb aitrvtanmr. Brkci amc tkiccgcra, HHHT vmticv noo sc cmtrkck vmi 11.0 TBY vmticv toinrk HHHT ta $143.33 mi t $9.4sr crina toic. Ymc kcsa icrtgcra nroikcv, vioo ickccgnrk Zi Hmmrci $500g 5% vi rmacv kic 2026, $600g 6.00% vi rmacv kic 2027 trk $850g 5.50% vi rmacv kic 2028 (too ta 100), ickccg, riimtvc (nroiknrk nv icrinick nr t HmH mvvci) trk/mi tgcrk Ftanmrvati Zmiaktkc Rmoknrkv Kr (t vis mv Zi Hmmrci) 6.50% vi rmacv kic 2029, 5.125% vi rmacv kic 2030, 5.75% vi rmac v kic 2031 trk 7.125% vi rmacv kic 2032, trk icrt Tmbca Hmv trk nav mrvmonktack visv (nroiknrk Tckvnr trk Zi Hmmrci trk amcni visv) vciick kcsa. Ymc aitrvtanmr nv crcack am omvc s D4 2025. Anae mvvciv icto cvatac, gmiaktkc, rcivmrto vnrtrc trk mrvigci vcincv. RDe Dcaimna, ZK. (Frinvnanmr trrmirck 03/31/2025).Dcto Tmtkvmm knica onrbe maarve//kctoimtkvmm.mg/c/Tmbca2025 (crai mkce Tmbca2025).
