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From Tazia Smith/db/dbcom@DBAMERICAS
To: "Jeffrey epstein" <jeevacation@gmail.com>,
Cc: "vinit Sahni" "Nav Gu to DEUTSCHE ASSET MANAG)"
pau .
Date 12/01/2014 22:52
subj Re: POVSA chart + usDJPY Trade [c]
ect:
Classification: Confidential
Looping in vinit here as he was recently involved with a large offering in
the pdvsa credit and may have some take-aways.
My view is the bonds are money good in 2015, as of now, but you are not
looking for yield carry (as discussed), and the risks of restructuring and
near-term downside due to politics specific to venezuela and chatter around
EM assets at large are likely greater than implied by the bonds' current -85
levels; would use Friday's rally to sell (particularly if you believe it was
rates driven vs credit). For what it's worth, we've found Latam family
offices that are very familiar the credit (and do like carry) are fully
loaded and do not have incremental demand.
Tazia smith
Director
Key Client Partners - US
Deutsche Bank securities, Inc.
Deutsche Asset & wealth Management
345 Park Avenue - 26th Floor
New York NY 10154
Tel:
Mobile:
Fax:
E-mai :
From: Jeffrey Epstein [jeevacation@gmail.com]
Sent: 01/12/2014 04:56 PM AST
To: Tazia Smith
Subject: Re: PVDSA chart + USD)PY Trade [C]
do you think money good in 15
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 107756
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