<table><tr><th>From:</th><th>Richard Kahn &lt;</th></tr><tr><td>Sent:</td><td>Thursday, October 13, 2016 2:03 PM</td></tr><tr><td>To:</td><td>Jeffrey Epstein</td></tr><tr><td>Subject:</td><td>Fwd: Update on Saudi bond</td></tr></table>

Richard Kahn
HBRK Associa=es Inc.
575 Lexington Avenue, 4th Fl=or
New York, NY 10022

Phone-Fax Cell  646.350.0954

Begin forwarded message:

*   From: "Ens, Amanda"
*   Date: October 13, 2016 at 9:58:42 AM EDT
*   To: Richard Kahn
*   Subject: Update o= Saudi bond

09:39:30 Saudi Bond Pricing Expectations: Qatar, SECO=Seen as Benchmarks

By Archana Narayanan

(Bloomberg) -- "Saudi Arabia realistically sh=uld come in between" the curves of Qatar and state-run Saudi Electr=city Co., says Richard Segal, debt strategist at Manulife Asset Management i= London. Kingdom "may have to give up some concession to print the siz= required"

NOTE: Deal could raise at least Slob across tranches,=people familiar with the matter said

Avg. of expected spreads above midswaps from a Bloomb=rg poll of eight fund managers:

5yr: 153.7 bps (range: 130 - 170 bps)

10yr: 196 bps (range: 170. 215 bps)

30yr: 283.6 bps (range: 250 - 330 bps)

=

09:39:44 Looks like next weeks blockbuster=/p>

Source: Bloomberg

Amanda Ens

Director

Bank of America Merrill=Lynch

Merrill Lynch, Pierce, =enner & Smith Incorporated

One Bryant Park, 5th Fl=or, New York, NY 10036

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