EFTA01783577

From: Sent: To: Subject: Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York NY 10022 tel fa cell Richard Kahn Tuesday, August 23 jeffrey E. Fwd: (BN) Investors , 2016 12:37 PM Buy Most Saudi CDS in 5 Years Before Bond Sale: Chart Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>(BN) Investors =uy Most Saudi CDS in 5 Years Before Bond Sale: Chart Date: =/b>August 23, 2016 at 7:11:26 AM =DT To: qb>Richard Kahn a Investors Buy Most Saudi CDS in 5 Years Before Bond Sale: =hart 2016-08-23 03:00:00.4 GMT By Deema Almashabi (Bloomberg) -- Investors are buying the most amount of protection against a Saudi Arabian debt default in at least five years before the kingdom taps the international bond market, according to data compiled by Bloomberg. The net amount of outstanding credit-default swap contracts has climbed to $1.1 billion, according to data from the Depository Trust & =tearing Corp. CDS for the kingdom, which may sell bonds as soon as next month, have quadrupled over the last two years from about 40 basis points to about 160 basis points amid an oil-price slump. EFTA_R1_00104297 EFTA01783577 Source: Bloomberg To contact the reporter on this story: Deema Almashabi in Riyadh at To contact the editors responsible for this story: Samuel Potter at <mailto Claudia Maedler Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & =mith Incorporated One Bryant Park, 5th Floor, New York, =Y 10036 Phone Mobile: = mailto The power of global =onnectionsw <mailtoO > This message, and any attachments, is for the intended =ecipient(s) only, may contain information that is privileged, =onfidential and/or proprietary and subject to important terms and =onditions available at http://www.bankofamerica.com/emaildisclaimer. If you =re not the intended recipient, please delete this message. 2 EFTA_R1_00104298 EFTA01783578