EFTA02500472.pdf

From: Richard Kahn < Sent: Monday, June , To: jeffrey E. Subject: Petrobras sells $2.5 bin in 100-year bonds as debt costs rise i called Daniel and asked why he did not show you this 100 year bond that DB was lead on.. i suggested that maybe it could have been a hedge, maybe your view on Brazil changed and nonetheless you should be sending him info that is relevant to his investments he had no answer and said he would now send you a note http://www.reuters.comiarticle/2015/06/02/brazil-petrobras-bonds-idUSL1N0YO01V20150602 Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 1 EFTA_R1_01627438 EFTA02500472