From: Sent: To: Subject: Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York NY 10022 tel fa cell Richard Kahn Tuesday, August 23 jeffrey E. Fwd: (BN) Investors , 2016 12:37 PM Buy Most Saudi CDS in 5 Years Before Bond Sale: Chart Begin forwarded message: From: =/b>"Ens, Amanda" Subject: =/b>(BN) Investors =uy Most Saudi CDS in 5 Years Before Bond Sale: Chart Date: =/b>August 23, 2016 at 7:11:26 AM =DT To: qb>Richard Kahn a Investors Buy Most Saudi CDS in 5 Years Before Bond Sale: =hart 2016-08-23 03:00:00.4 GMT By Deema Almashabi (Bloomberg) -- Investors are buying the most amount of protection against a Saudi Arabian debt default in at least five years before the kingdom taps the international bond market, according to data compiled by Bloomberg. The net amount of outstanding credit-default swap contracts has climbed to $1.1 billion, according to data from the Depository Trust & =tearing Corp. CDS for the kingdom, which may sell bonds as soon as next month, have quadrupled over the last two years from about 40 basis points to about 160 basis points amid an oil-price slump. EFTA_R1_00104297 EFTA01783577