Subject: Fw: (BN) Aurelius Presses Petrobras as Default Odds Climb: Brazil Cr From: Daniel Sabba To: "Jeffrey Epstein" <jeevacation©gmail.com> Sent: Tuesday, January 6, 2015 2:28:28 AM Classification: Public This is very much in line with your thinking. --- Original Message -- From: "Daniel Sabba (DEUTSCHE BANK SECURI)" Sent: 01/06/2015 02:26 AM GMT To: undisclosed-recipients: Subject: (BN) Aurelius Presses Petrobras as Default Odds Climb: Brazil Cr (BN) Aurelius Presses Petrobras as Default Odds Climb: Brazil Cr edit This has been prepared solely for informational purposes. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. It is based on information generally available to the public from sources believed to be reliable. No representation is made that it is accurate or complete or that any returns indicated will be achieved. Changes to assumptions may have a material impact on any returns detailed. Past performance is not indicative of future returns. Price and availability are subject to change without notice. Additional information is available upon request. Aurelius Presses Petrobras as Default Odds Climb: Brazil Credit 2015-01-05 10:33:30.703 GMT (To be sent this column, click SALT BZCREDIT. For credit- market news, click on TOP CM.) By Katia Porzecanski and Paula Sambo (Bloomberg) -- Aurelius Capital Management LP's bid to declare Petroleo Brasileiro SA in default underscores just how far the state-controlled oil producer has fallen in the eyes of bond investors. The cost to protect against a Petrobras non-payment for one year has soared to the highest since the aftermath of the financial crisis, after the New York-based hedge fund said in a letter obtained by Bloomberg News last week that the company had violated debt contracts by failing to report third-quarter results. Under rules governing some of its $53.6 billion of bonds, Petrobras had until Dec. 29 to announ