From: Darlene Zong
Sent: 8/29/2016 12:09:01PM
To: Stewart 0ldfield PettgesPOPSISIOSellmaiTVahe Stepanian Daniel Sabba
CC: Joseph Dursi
Subject: RE: Southern Financial - Saudi bond new issue. II)
Classification: For Internal use only
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..
Darlene Zong, CFA
Key Client Partners I Deutsche Bank Securities, Inc
41 (111) ACA I1744 1 , 1 (ni,) '11C 2A1C I el-wInnn -innoinvik
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
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]
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