From: "Barrett, Paul S"
To: Jeffrey Epstein <jeevacation@gmail.com>
Subject: RE: Venezuela
Date: Tue, 09 Oct 2012 19:40:40 +0000
OK — 3 tranches of 500K each. Start today?
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
19A Dark Avan,,a lath FInnr Now Stark NY 10022
From: Jeffrey Epstein [mailto:jeevacation@gmail.corn]
Sent: Tuesday, October 09, 2012 3:40 PM
To: Barrett, Paul S
Subject: Re: Venezuela
lets leg in total 1.5
On Tue, Oct 9, 2012 at 9:31 PM, Barrett, Paul S < > wrote:
Yes — we should decide a total size and then average in over the next few weeks
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
3761 Dark Avanjio lath Flnnr KIPW Vnrk NY 10022
From: Jeffrey Epstein [mailto:jeevacation gmail.corn]
Sent: Tuesday, October 09, 2012 3:26 PM
To: Barrett, Paul S
Subject: Re: Venezuela
ok start on a?
On Tue, Oct 9, 2012 at 9:22 PM, Barrett, Paul S < > wrote:
Correct
Both NY law.
EFTA00876646
a) The 2017N issued bond; 8.50% coupon; sinking fund (payable over 2015, 2016, 2017); $6BLN issue size; 12.30% yield
b) The other one has a coupon of 5.25% matures Apr 2017. $3.SBLN issue size; 12.00%
We like (a)
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
320 Park Avenue, 14th Floor, New York, NY 10022
NMLS IOU 853441
From: jeffrey epstein [mailto:jeevacationOgmail.corn]
Sent: Tuesday, October 09, 2012 1:25 PM
To: Barrett, Paul S
Subject: Re: Venezuela
There are two 2017
Sent from my iPad
On Oct 9, 2012, at 4:34 PM, "Barrett, Paul S" < > wrote:
Hi Jeffrey
Given that we expected a Chavez win, I am a little surprised that the bonds are trading down 3 points (around 4%).
There has been some noise out of Argentina where a local province repaid a coupon on a bond in ARS when it should be
in USD. So this is putting pressure on the region.
I think this is an interesting level to buy the PDVSA 2017 bond. Currently yielding 12.20%. Passive play on oil.
Would do $1.5MM.
Let me know
Paul
EFTA00876647
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
320 Park Avenue, 14th Floor, New York, NY 10022
NMLS IOU 853441
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