EFTA Document EFTA01386307

From: Sent: To: CC: Subject: Paul, Martin Zeman 10/17/2017 12:23:59 PM Paul Barrett Stewart e; Joshua Shoshan ; Xavier Avila ; Liam Osullivan ++ Off-the-run Relative Value Offers ++ ; Davide-A Sferrazza Is this below something you want to see? We work with a desk that trade slightly less liquid paper, but very often offering nice pickups to more liquid bonds or notes. I can send this to you daily if you want. Here is a today's update: Getting lifted on Macy's 27s — thanks Ray. Leaves 2MM to offer at +348 refreshed offer axes below. Note that below axe list is NOT exhaustive. Please get in touch with desk for any other illiquid / off-the-run inquiries USD Offer Axes Amt Ask Size ISIN Des Rating Rank Outstanding Ask Spread Yield (Cash) Comment Senior notes issued by a 10MM X51670658134 EFSE Float 08/24/22 Unsecured 29,500,000 DM+ 190 4.03% 100.00 KFW initiated microfinance fund. Structural credit enhancement of at least 70% FOXA 9 BBB+ *- Sr FOXA 3.7 24s 2.5MM 90131HAV7 07/15/24 / Baal Unsecured 200,000,000 T+ 103 3.33% 136.97 at 69/64 C 6 7/. BBB+ / Sr C 3.3 25s at 1MM+ 172967AM3 06/01/25 Baal Unsecured 150,000,000 T+ 120 3.50% 122.40 80/75 BACR 0 Sr BACR 3.75 24s 1MM+ X50743062845 03/27/27 A- / NR Unsecured 13,402,221 Z+ 140 3.65% 71.09 at Z+95 M 6.79 Sr 101 CoC M 24s 2MM 55616XA83 07/15/27 Baa3 Unsecured 165,000,000 T+ 348 5.79% 107.38 at 225/210 EUR Offer Axes Amt Ask Size ISIN Des Rating Rank Outstanding Ask Spread Yield (Cash) Comment Longer plain senior Aegon (A3 - two AEGON Float Al Secured notches lower!) at 10MM X50242163656 02/02/21 100,000,000 OAS+ 45 0.43% 101.75 Z+23 OTTOGR Sr OTTOGR 3.75 1.8MM X51031554360 0 Unsecured 50,000,000 DM+ 125 0.92% 102.51 20s at z+92 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087938 CONFIDENTIAL SDNY_GM_00234122 EFTA01386307