EFTA Document EFTA01378486

7 October 2015 Corporate Credit,Energy Petroleo Brasileiro S.A. [Filture 6: Z-Spread: Front End 1.703 1.500 1.300 1.102 903 703 9 [repeated 3 times] 9 P *9 9 9 9 9 d5. 41 •fi 4.1 1)46 94 Petrobal 3 875 16 - Pelrobrat 3.517 Petrobas 5.875 IB Pel:mb/as 3.0019 Sten 0 - Brå rFigure 8: Z-Spread; Belty 1.400 1.203 att 1 1, e 94' PetrObab 4.825 20 - Petrobras 5.375 21 Petrobras 4.315 23 Petrobras 62W 24 kur« 0•88818 aPt IFigure 10: Z-Spread: Long End 1.100 • 1.880 WO i 800 700 fa» 500 400 300 200 4,3,9 44/9 "9", (9 4 9 .ty9 Sant Dat:~ Be* 40.......--Pdrofrin 6.7541 _Petrobras 5.625 43 Poirobras 7.2544 iFigure 7: Sov Spread: Front End 1.4W 1.203 1.0110 880 400 460 888,888s 3 875 16 --......Pdrobas 3.5 17 Petrobas 5,87518 Petrobas 3.00 19 Source DWOIChe &n* Figtire 9: Sov Spread: Belly 800 200 o, 9 9 9 9 p 9 9 9 9 4fr it i '1 1 1 Petrobras 4.875 20 - Petrobas 5.375 21 pa/ans4.375 23 Petrobas 6.250 24 Saga DafteM4it IFigure 11: Sov Spread: Long End 650 550 450 I 350 250 150 ferjzt " 50 .s6 p [repeated 3 times] <P vr <i p+ esP 4# `tY 1 - Petrobras 6 87540 - Petrobras 6.7541 Petrobras 5.62543 Petrobras 7.25 44 Sant Dan. • Sint Deutsche Bank Securities Inc. l'age 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0075666 CONFIDENTIAL PROT1 PROT0