EFTA01428170

Subject: RE: Southern Financial - Saudi bond new issue. [I] From: Darlene Zong Date: Fri, 16 Sep 2016 12:37:40 -0400 To: Stewart Oldfield ‹ > Classification: For internal use only Happy Friday— Just spoke with EM debt syndicate again.. There's nothing they can share prior to the deal announcement, at which point everything should become public.. Estimated timing / update in end September. I searched online but didn't get much update either... Will keep an eye on it From: Stewart Oldfield Sent: Thursday, September 15, 2016 5:53 PM To: Darlene Zong Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Have you heard anything new on this? Thanks From: Darlene Zong Sent: Monday, August 29, 2016 12:09 PM To: Stewart Oldfield; Vahe Stepanian; Daniel Sabba Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only EFTA01428170 Just spoke with the syndicate desk — timing is expected in October yes, but there's not much we can comment on at this point, including our role on the deal. Hoping after Labor Day there will be more info that can be publicly discussed.. fcid:[email protected] Darlene Zong, CFA Key Client Partners I Deutsche Bank Securities, Inc 345 Park Avenue, 26th Floor, New York, NY, 10154 From: Stewart Oldfield Sent: Monday, August 29, 2016 11:49 AM To: Vahe Stepanian; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Guess we aren't leading the deal From: Vahe Stepanian Sent: Monday, August 29, 2016 11:47 AM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only EFTA01428171 Stew — came across the below. Timing seems to be early October... http://www.bloomberg.com/news/articles/2016-08-26/saudi-arabia-seen- undeterred-by-potential-fed-hike-to-sell-bond Best, Vahe From: Stewart Oldfield Sent: Monday, August 29, 2016 8:34 AM To: Vahe Stepanian; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Seeing Rich tonight. Do we have any more color on this? Thanks From: Vahe Stepanian Sent: Tuesday, August 16, 2016 2:26 PM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only No problem. Going well - holding down the fort while Sabba is gallivanting around the world ;) From: Stewart Oldfield Sent: Tuesday, August 16, 2016 2:20 PM To: Vahe Stepanian; Daniel Sabba; Darlene Zong Subject: Re: Southern Financial - Saudi bond new issue. [I] EFTA01428172 Classification: For Internal Use Only That's great. Thanks. Hope all is well up there in kcp land. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Mobile: Email: blackberry Securities offered through Deutsche Bank Securities Inc. From: Vahe Stepanian Sent: Tuesday, August 16, 2016 02:09 PM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Vahe Stepanian Subject: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only FYI — Rich Kahn called today and mentioned that JE wanted to learn more about the upcoming Saudi Arabia bond offering. I relayed the below: VANE STEPANIAN 11:16:19 Hi Dennis - recall on work on the Key Client Partners covering family offices. 11:16:25 *** DENNIS EISELE (DEUTSCHE BANK SECURI) acknowledged the chat request VANE STEPANIAN 11:16:26 Question for you 11:16:36 A client asked about the Saudi Bond offering EFTA01428173 11:17:01 Do you know who I can reach out to with regards to timing, etc.? DENNIS EISELE 11:17:44 i am involved but issue is we can't share that information until it is public 11:18:10 what i can say is expectations were for before august or after labor day VAHE STEPANIAN 11:18:55 Ok. Will US clients have an opportunity to participate? 11:19:06 or unclear as of now DENNIS EISELE 11:19:51 yes US clients will have an opportunity to participate VAHE STEPANIAN 11:20:34 Ok, thus we'll be able to share more information once the deal launches? DENNIS EISELE 11:20:46 exactlly VAHE STEPANIAN 11:20:56 Ok, thanks much Told him that we would reach out with additional information once its available. Some publicly available info here: http://www.bloomberg.com/news/articles/- 2016-07-14/goldman-sachs-deutsche-bank-said-among-saudi-bond-lead-managers- icimewqwv Thank you, Vahe Vahe Stepanian EFTA01428174 Key Client Partners Deutsche Bank Securities Inc. Tel. Mobile Email EFTA01428175