RE: Brazil trade idea

can you please provide pricing on the following:

Buy
Buy CDS Protection

Bond:

PETBRA 501/27/21

Contract:

Brazil 5yr CDS

Issuer:

PETROBRAS GLOBAL FINANCE

Underlying Issuer:

Federative Republic of Brazil

EFTA01477766

ISIN:

US71645WAR25

Maturity:

06/20/21

Ratings:

B3/B+/BB+

Coupon:

100 bps

Ranking:

Sr Unsecured

Spread:

396 bps

Richard Kahn
HBRK Associates Inc.

EFTA01477767

EFTA01477768

Rich — indicatively, Southern Financial can purchase 5mm PETBRA 5 01/27/21 @ —82

Brazil 5y CDS (6/20/21 maturity) is currently @ 380 x 385.

We will need to refresh before trading. Please let us know if you have questions.

EFTA01477765

Thank you,

Vahe

FYI, meant to CC you. Will add you if they come back.

Thanks,

Vahe

Hi no problem thanks Btw when is Ari last day?