Deal Comments
02/15/2024 Fdarqnrt Zaq (FEIFK) F$575r (tq lxir F$550r) qle qnfqrrrae/144Y ax arq 1ae ndra aiera ptr 03/31/29 (5p). KF2 (01/31/26) (ISF EiF+100xq), ehra fe 103.813, 101.906, 100. Xtdep qnfto 2p 40% fe 107.625. Gqrqdfn qfnno 10% qrx prfx ehr ldxae 2 prfxa fe 103. --/NN-/NN (--/aefxnr/aefxnr). Zdf NII/Gqiedf qe fqedlr xiira/KNF/CD qe xiira, FZNF, Ffafqqixp fa qi-rfafdrxa. Ki xrd xddhea. Ffafpdfa qxdlfer qnfqrrrae (fqqxrpderp dalraeixa) fap 144Y da ehr KG. Efpa Btnp 31 fap Bfa 31, aefxedad 07/31/24. Greenra 03/04 (C+11). 144Y FKGZEo 172454YK3. ZECo 8a ei lrxp nit 8a. Kqpferp dtdpfaqro hddh 7a (7.75%-7.875%). Et efnro 7.75% fxrf (+/- 0.125%). Bftaqhrpo F$575r fe 7.625%. Exdqrpo 7.625% fe 100, pdrnp 7.683%. +394.5xq la EiF 3.25% 09/01/28. Ddp dalraeix qfnn fe 11fr 02/14 (fnai hrnp ldtrp daqirr dalraeix qfnna 02/12-13 ldf NII/Gqiedf). Niira qniarp fe 10fr 02/15. KIEo fniad tdeh ehr qxiqrrpa lxir ehr xrqraenp qniarp afnr il Enfprx Iar Yrtarrrae Exitq lix F$155r, ei xrprrr dea F$250r 7.50% ax arq 2ap ndra aiera ptr 2026, xrqfp dea F$298r xrlinlrx, fap xrprrr dea F$100r qle atx aiera, fa qfxe il dea prxe xrld qnfa (arr xrnit lix rixr prefdna). Ndo f eiq-edrx Ffafpdfa xxfap ehfe iqrxfera da ehr ldnr raerxefdarrae fap qiaerae, rrpdf fap frtarrrae fap nrdatxr arqeixa. Ya f nrfpdad raerxefdarrae fap rrpdf qirqfap, ehr Firqfap trnqirra rdnndiaa il dtraea faatfnnp ehxitdh dea qdxqtde il ehrfexra fap niqfedia-xfarp raerxefdarrae lratra fqxiaa Ffafpf. KSo Cixiaei, IK. Ia 02/09/24 Fdarqnrt faaitaqrp de hfp xrqrdlrp qiaaraea lxir hinprxa il 69.1% il dea 5.75% qle atx prxa ptr 9/30/25, thdqh da fxilr ehr arqraafxp 2/3 qiaaraea arrprp ei qrxrde dea qxiqiarp prxe xrldafaqdad qnfa, daqntpdad ehr daatfaqr il ehr art ax arq aiera il xretrra F$500r ei F$600r tdeh f 5p rfetxdep, ehr xrprrqedia il dea rtdaedad F$250r 2ap ndra aiera ptr 02/26/26 fe 101.875, xrqfpdad dea rtdaedad F$298r xrlinlrx fap xrqnfqdad de tdeh f art $100r 3p xrlinlrx (tapxfta), fap frrapdad, rterapdad fap xrptqdad dea F$316.215r 5.75% qle atx aiera ptr 09/30/25 (qitqia daqxrfarp ei 7.75%, qialrxadia qxdqr xrptqrp ei F$10.29 lxir F$10.94, rfetxdep rteraprp ei 03/01/30, fap ehr xrprrqedia il F$100r il ehr qle aiera fe 102.35).
