Deal Comments
Pdts Rsdbsl bb Rrtl Xsb (PXRR), re X2/XXX-/XXX+ (//) Ybbap/Pdsbl/GXVW, GK$300o 144W 10sb5 bdra sb blbsdsd p sbsr apr 6/15/35. Fdert Ksalrt blr bbl. Resdbsl traroesdbsm Xs wlblr, bt ds ets, rddssdsd wdsl slr dssrtrs eorss bb Npsr 15, 2030 s 100% bb eti Xs wlblr, ps sbs ds ets, s s sdor wdslds 90 a bbllbwdsd slr bbbpttrsbr bb blsdr bt etberbsdtr blsdr bb s lw sls bbpla etrtrss p btbo arapbsdsd dssrtrs elr bs slr sbsr bbt G.K. brartl dsbbor s eptebri blsdr ds lw sls bbpla etrblpar p btbo strsdsd slr sbsr "sdrt 2 bedsl" bbt trdplsbt bedsl eptebri bt wr tr trpdtra sb trddsrt s dstrsorss bboes psart slr Xstrsorss Xboes Wbs bb 1940, orsara, s 100% bb et. Xbpebsm Pdra Vsr Frtdbam Ptbo Krsslrorss Ksr, sb ps rblpadsd Npsr 15, 2030, %. Plbsdsd Vsr Frtdbam Ptbo sa dsblpadsd Npsr 15, 2030 sb, ps rblpadsd, slr Ysptds Ksr s blbsdsd tsr rpl sb rsblotl tsr (Vltrr-Ybssl Vrto KRPV), trrs ptsrtl, elp etra bb d ebdss (%). GRFm Vb etbtdar blrddlds sb PRRX bptbr bb strsdsl bbt PRXR, peebts bpt trdplsbt bedsl tsdb sa bbt drsrtl bbtebtsr eptebr, wldbl o dsblpar slr treorss bt traroesdbs btbo sdor sb sdor bb bpsssadsd rsdbt bt pbtadssra ars rbptdsdr. Ftdbdsd 6/5. Krsslr 6/10 (V+3).XFVm 7.75% tr.PXRWY FVXXV VWYGm 7.25-7.375%.YWGRXPVKm $300o 10sb5 s 7.25%.FVXXVKm $300o 7.25% 6/15/35 100.00 7.25%. Xbl-rsam KRPV+361.0.------------------------------------Pdts Rsdbsl bb Rrtl Xsb. (Rol, RVi Ftdtsr), pbtadssra ars tsdsd bb X2 (slr) btbo Ybba Vsdsd, XXX- (slr) btbo Pdsbl Vsdsd sa XXX+ (slr) Gtbll Xbsa Vsdsd Wdrsb, l lra Fdert Ksalrt sb btdsdr rtdr bb bdra dsbbor dstrsbt bll bs Npsr 2-3.Kprbs sb otlrs bbsadsdbs, 144W bbbrtdsd bb pbtadssra lbladsd bboes sbsr o bbllbwFdert Ksalrt wdll r bbbtadssdsd lbddsdb bbt slr dstrsbt bll
