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sd-10-EFTA01368854Dept. of JusticeOther

EFTA Document EFTA01368854

From: Stewart Oldfield Sent: 8/29/2016 11:48:47 AM To: Vahe Stepanian Daniel Sabba Darlene Zong CC: Joseph Durs Subject: RE: Southern Financial - Saudi bond new issue. II) Classification: For Internal use only Guess we aren't leading the deal From: Vahe Stepanian Sent: Monday, August 29, 2016 11:47 AM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Stew - came a

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From: Stewart Oldfield Sent: 8/29/2016 11:48:47 AM To: Vahe Stepanian Daniel Sabba Darlene Zong CC: Joseph Durs Subject: RE: Southern Financial - Saudi bond new issue. II) Classification: For Internal use only Guess we aren't leading the deal From: Vahe Stepanian Sent: Monday, August 29, 2016 11:47 AM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Stew - came a

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From: Stewart Oldfield Sent: 8/29/2016 11:48:47 AM To: Vahe Stepanian Daniel Sabba Darlene Zong CC: Joseph Durs Subject: RE: Southern Financial - Saudi bond new issue. II) Classification: For Internal use only Guess we aren't leading the deal From: Vahe Stepanian Sent: Monday, August 29, 2016 11:47 AM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For Internal use only Stew - came across the below. Timing seems to be early October... http://www.bloomberg.com/news/articles/2016-08-26/saudi-arabia-seen-undeterred-by-potential-fed-hike-to-sell- bond Best, Vahe From: Stewart Oldfield Sent: Monday, August 29, 2016 8:34 AM To: Vahe Stepanian; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Seeing Rich tonight. Do we have any more color on this? Thanks From: Vahe Stepanian Sent: Tuesday, August 16, 2016 2:26 PM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification For Internal use only No problem. Going well - holding down the fort while Sabba is gallivanting around the world ;) From: Stewart Oldfield Sent: Tuesday, August 16, 2016 2:20 PM To: Vahe Stepanian; Daniel Sabba; Darlene Zong Subject: Re: Southern Financial - Saudi bond new issue. [I] Classification: For Internal Use Only That's great. Thanks. Hope all is well up there in kcp land. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0060802 CONFIDENTIAL SDNY_GM_00206986 EFTA01368854

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URLhttp://www.bloomberg.com/news/articles/2016-08-26/saudi-arabia-seen-undeterred-by-potential-fed-hike-to-sell

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Subject: RE: Southern Financial - Saudi bond new issue. [I] From: Stewart Oldfield Date: Mon, 29 Aug 2016 11:48:47 -0400 To: Vahe Stepanian Daniel Sabba Darlene Zong Cc: Joseph Dursi Classification: For internal use only Guess we aren't leading the deal From: Vahe Stepanian Sent: Monday, August 29, 2016 11:47 AM To: Stewart Oldfield; Daniel Sabba; Darlene Zong Cc: Joseph Dursi Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Stew —

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Subject: RE: Southern Financial - Saudi bond new issue. [I] From: Vahe Stepanian Date: Mon, 29 Aug 2016 11:47:18 -0400 To: Stewart Oldfield Daniel Sabba Darlene Zong Cc: Joseph Dursi Classification: For internal use only Stew — came across the below. Timing seems to be early October... http://www.bloomberg.com/news/articles/2016-08-26/saudi-arabia-seen- undeterred-by-potential-fed-hike-to-sell-bond Best, Vahe From: Stewart Oldfield Sent: Monday, August 29, 2016 8:34 AM To: Vahe Ste

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Subject: RE: Southern Financial - Saudi bond new issue. [I] From: Stewart Oldfield ffi Date: Fri, 16 Sep 2016 12:39:38 -0400 To: Darlene Zong ‹ > Classification: For internal use only Perfect, thanks. Have a good weekend From: Darlene Zong Sent: Friday, September 16, 2016 12:38 PM To: Stewart Oldfield Subject: RE: Southern Financial - Saudi bond new issue. [I] Classification: For internal use only Happy Friday— Just spoke with EM debt syndicate again.. There's nothing they can share p

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Subject: Re: Southern Financial - Saudi bond new issue. [I] From: Stewart Oldfield Date: Tue, 16 Aug 2016 14:19:57 -0400 To: Vahe Stepanian Daniel Sabba Darlene Zong <darlene.zong@db.com> Classification: For Internal Use Only That's great. Thanks. Hope all is well up there in kcp land. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 Tel: Mobile: blackberry Email: Securities offered thro

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Subject: Re: Southern Financial - Saudi bond new issue. [I] From: Stewart Oldfield Date: Tue, 16 Aug 2016 14:38:27 -0400 To: Vahe Stepanian Daniel Sabba Darlene Zong Classification: For Internal Use Only You must be one of the only people in the office. Can't rely on Sabba for anything anyway ... Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Bank Wealth Management 345 Park Avenue, New York, NY 10154 blackberry Email: Securities offered through

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Subject: RE: Southern Financial - Saudi bond new issue. [I] From: Darlene Zong Date: Fri, 16 Sep 2016 12:37:40 -0400 To: Stewart Oldfield ‹ > Classification: For internal use only Happy Friday— Just spoke with EM debt syndicate again.. There's nothing they can share prior to the deal announcement, at which point everything should become public.. Estimated timing / update in end September. I searched online but didn't get much update either... Will keep an eye on it From: Stewart Oldfie

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