From: Richard Kahn
Sent: Tuesday, August 23, 2016 12:37 PM
To: jeffrey E.
Subject: Fwd: (BN) Investors Buy Most Saudi CDS in 5 Years Before Bond Sale: Chart
Richard Kahn
HBRK Associates Inc.
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New York NY 10022
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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.
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Source: Bloomberg
To contact the reporter on this story:
Deema Almashabi in Riyadh at <mailtoO
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: =
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