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Enron Mail |
Forgot the attachment....
---------------------- Forwarded by Eric Boyt/Corp/Enron on 03/28/2001 12:32 PM --------------------------- Eric Boyt 03/28/2001 12:32 PM To: Clara Carrington/HOU/ECT cc: Pushkar Shahi/HOU/ECT@ECT, V Charles Weldon/HOU/ECT@ECT, Jason R Williams/NA/Enron Subject: Neumin Production Unwind Clara, Charlie and I spoke with Pushkar this morning regarding a potential partial unwind of several deals with between Enron and Neumin Production (Formosa sub). Neumin currently has the following 8 swaps and 1 option, Enron's credit group (Jay Williams) is proposing a partial unwind, which would be achieved by Booking a new ticket that is approximately $66 million out of the money to Enron (PV using LIBOR flat), and Booking an annuity (note receivable from Neumin) for this $66 million at 8.5%, which results in ~$85 million nominal over the term. So, Pushkar asked us to send you the change in nominal cash flow from this partial unwind. Attached is a file, which shows the nominal cash flow increase. Please let Charlie and I know if you need additional information or have any questions. Let is know if we need to lock in the LIBOR at your bid (I think that is right?) Regards, Eric
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