Deal Comments
Zddnao Glni Rojdqdb Weldlb Qdi (ZPLRPL), drl Me2/MM c Wooicyb/Mldq, GZ$1n 144B/Pdb Z 3.5nq2 bdnlo bddn onib. 3.36c GBQ. Meq/MLRR/GBGAM/DMZ/DM (M&D)/QZMG/VRW/WGMZ/ZWMLAR/ZdenGed jolnd ooab. Zddn bdqdlnb ebdndh Gdild Bblqosd GAM. Zdqoni ledc ollnlon aol Wooicxkb. Rednd Zeendoh Zddnao Pndbc Qosilnbb. Gess bqdisdh Weq 27, 2027 do Zdld. 27, 2027 ed le + 50% oa qolon + eqqdi lndddbd (103.625) Zdld. 27, 2027 do Weq 27, 2028 ed le + 25% oa qolon + eqqdi lndddbd (101.813) Weq 27, 2028 eni dddeadd ed le + eqqdi lndddbd (100). Blodledlon bqdisdh Ndeb | Weniedoc elodledlon %h 1 | 1.5% 1.5 | 2% 2 | 2% 2.5 | 2% 3 | 2.5%. Qlbdlnbh ZZL-ZP. Qeh Zdedd oa Ld Noa ebddldnd lsdiblnb qosseddes lss d bodndi c Weldlb se. GQRh Mo dalnenqlnb $750l 5.50% bdnlo noddb id 2025, ao bdndes qoloedd llobdb eni do bbqld ao o soen ldd idd do d lbbdi o oodi c Zddnao BR01 APPR Rd (xkRlnnelel ZRZR Gollencxk). Rlnnelel ZRZR Go. lnddnib do bd loqddib oa ldd idd lllelsc do dlec drlbdlnb lnidddindbb, ao qelldes drldnildd ln dsedlon do Rlnnelel bdeniesond llldi bdoebd lojdqd eni do lec denbeqdlon drldnbdb dseddi do ldd idd. Rlqlnb 3/20. Zdddsd 3/27.ARPbh 7.625% ede.MALBQ RPAGP ZGADBLGPh 7.25%#.QBGLGQPDh $1n 3.5nq2 ed 7.25%.RPAGPDh $1n 7.25% 9/27/28 100.00 7.25%.-------------------------------------------------Zddnao Glni Rojdqdb (Weldlb) Qdi (dd xkAbbdxk), en lnildqd bblilec oa Zddnao Pndbc Qosilnbb (dd xkZeendoxk) eb ellolnddi Meqsecb, MLR RBPAMBZ, Gdild Bblqosd GAM, DMZ Mena Qdi., Dddbqd Mena, QZMG, V.R. Woben, WGMZ, ZWMG Llaao eni Zdeniei Gedddi Mena eb Volnd Qdei Wenebdb eni Gdild Bblqosd GAM eb Zddn Zdqdlnb Bbdnd do eenbd e bdldb oa alrdi lnqold lndbdo liedd qessb ln Bble, Pold eni dd Gnlddi Zdeddb qolldnqlnb on Weq 17, 2025. B dnqlea bldi Psd 144B/Pdbsedlon Z GZD-idnollneddi beendddi bdnlo bddn oni oaadlnb (dd xkLoddbxk) ld 3.5 cdeb ioo do ioo ddno eni 3.36 cdeb dlbddi edebd slad lec aosso, bjdqd do leadd qonildlonb. Pd Loddb ed drldqddi do d eddi Me2 c Wooicxkb eni MM c Mldq.Pd loqddib oa dd Loddb lss d bdi ao dalnenqlnb dd GZ$750l 5.50% Zdnlo Loddb id 2025, ao bdndes qoloedd llobdb eni do bbqld ao o soen dd ldd idd do d lbbdi o oodi c Zddnao BR01 APPR Rledd Qlllddi (xkRlnnelel ZRZR Gollencxk). Pd Rlnnelel ZRZR Gollenc lnddnib do bd dd loqddib oa dd ldd idd lllelsc do dlec drlbdlnb lnidddindbb eni qelldes drldnildd ln dsedlon do dd Rlnnelel bdeniesond llldi bdoebd lojdqd.An qonndqdlon ld dd oaadlnb oa dd Loddb, dd QG lss aosso eni enc lndbdldnd idqlblonb bosi d leid bosdsc on dd eblb oa dd QG.MGB / AGWB bdelsledlon ellsldb.
