To: Barrett, Paul
From: jeeyacationangn
S .con-
Sent: Mon 9/16/2013 2:44:36 PM
Subject: Re: Switch to do
Ok
Sorry for typos
On Sep 16, 2013, at 10:42 AM, "Barrett, Paul S" wrote:
Jeffrey
We own $2.5MM of the PDVSA 17's in Southern Financial. I recommend the following:
Sell these at 94.00 (ytm 10.83%)
Switch into $2.5MM of the PDVSA 15's at 90.75 (ytm 9.97%)
Slightly lower yield but we are shortening maturity to 2015.
We will keep the 2MM of the 17's in Southern Trust
Let me know.
Paul
Paul Barrett I Managing Director I Global Investment Opportunities Group I 3.P. Morgan
Private Bank
320 Park Avenue, Floor, New York, NY 10022 I T: I F: (212) 310-0108 I
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