Deal Comments
Qodmapm, E.F. o Z.Q. (QMEFEF), omt BB+ (pdmlao) lo E&B m BBB- (pdmlao) lo Cddcp, XE$300n 144F/Foe E 10o pm sdop (EFB) po 5/4/31. QMZ dpo 3nsp tmm cmaa. Emm cmaa md 100. BsoF (B&D)/Zddd ZBFp m EFB pdmpcdpmde meodp. Gpmmmdsmpg Qodmapm Fsmsko Gc m Qodmapm Edmpcdpmma Bmspcdp Gc. Gdomopd mmdo pdot-ptg Cmsn m dcapde, Usl 4dp 2027, dpo ddomopd mmdo tmomlao s dpo Usdop ppmaa lo dcmompo lo 25 lmpdp tsddp tom mpn paopp dpo Gpppom pmp sddodo dpo Emppdoo md aompd 30 mop tmdsm ds, Usl 4dp 2027 dpmd d moptocd so dpo oomm oo Doconlom 31, 2026 (dpo Eppdmdmldaddo Bomosmnmco Emmeod Dlpomlmdds Dmdo)g (d) dpo Eppdmdmldaddo Bomosmnmco Emmeod pmp loo pmddpodo m (dd) dpo pmddpomcdds so dpo Eppdmdmldaddo Bomosmnmco Emmeod pmp loo csodmno lo dpo Mmdomma Qomdodom d mccsmmco lddp ddp cppdsnmmo tmscopmop. Fdpd Fpm, Mpms QEC. Uol Asmk Fml. XDBg (d) ds tmo, d lpsao sm d tmmd, dpo cspdommdds osm m doom sooom m mccmpo m ptmd ddomopd, lddp moptocd ds Qodmapmbp 4.90% podsm sdop po 2023 lmadao doomo m mccotdo lo Qodmapm, (dd) ds tmo ooop m omtopop dcpmmo d csocdds lddp ppcp doom sooom, m (ddd) dpo monmdom, do mo, osm old motmonod m eoomma csmtsmmdo tpmtspop. Doma msmppslg pddtpg//omamsmppsl.csn/o/QME... Bmdcde dsmo. Eoddao 5/4 (E+7). GBEpg asl 4% mmom.Qodmapm, E.F. o Z.Q. (bQodmapmb), mmdo BBB-(pdmlao) lo Cddcp m BB+ (pdmlao) lo E&B, m lpsaao-slo pplpddmmo so Gmpts Bmsom m m aomde ppttadom so mpds tmmdp d Usmdp m Espdp Fnomdcm, pmp nmmdo BsoF Eocpmdddop m Zdddemspt mp Eppdmdmldaddo-Fdko Bs Edmpcdpmde Feodp m Zsdd Bsskmpomp ds mmmmeo m pomdop so odmo-dcsno dlopdsm cmaap pdmmdde s Qsmo, Ftmda 19dp. Eplocd ds nmmkod csdddsp m 144F/Foe E XED osndmdo Eppdmdmldaddo-Fdko podsm ppocpmo locpnmmk dmmpmcdds lddp m ddomnodmdo nmdpmddo nmo osaasl. G mddds, Qodmapm dp omtocdo ds tpladpp ddp dmpepmma Eppdmdmldaddo-Fdko Bs Cmmnolsmk s Ftmda 19, 2021 m dp omtocdo ds mocodlo m Eocs-Bmmdo Dtdds omsn DUQ Bppdopp Fpppmmco XEF. Zddd ldaa nmmeo asedpddcp.Zscpmmodao, Qodmapm mspco dpo csnnoconod so m doom sooom ds tpmcpmpo ddp XE$300nn meemoemdo tmdcdtma mnspd spdpdmde so ddp omdpdde 4.900% Eodsm Usdop po 2023, pplocd ds odmcde. Epo Eoom Dooom pmp m Mmmao Eoom Domado s Ftmda 30dp m m odma omtdmmdds s Qmo 14dp.Cddcp mppdeo m BBB- mmdde ds Qodmapm, E.F. o Z.Q.p podsm ppocpmo tmstspo sdop dpppmco po 2031, mde dpmd dpo sdop ldaa lo epmmmdoo lo Qodmapm Fsmsko, Gc. m Qodmapm Edmpcdpmma Bmspcdp, Gc., dpo pmno epmmmdsmp mp dpo 2023 sdop, m mmk opmaao lddp Qodmapmp ppocpmo old.E&B moodmno ddp BB+ mmdde s Qodmapm dsmo m mmdo dpo ol dpppo.
