US COMPANY (Business in Europe) BOND INFORMATION Construction Note - Face Value ()= Euro-denominated Fixed Rates Years (Term) = 200.00 million (Euros) 7.00% 4 years SWAP INFORMATION Spot Exchange Rates Nominal Amount in $ Dollar-denominated Fixed Rate = 1.25x $ per $ 250 million 8.50% UNHEDGED - WITH A AN EXCHNAGE FUTURE ASSUMPTION Hedges Present Unhedged Forward Dollar Value of the Euro Exchange Cash unhedged Time Cash Flow Rate Flow Cash Flows () S/ ($) ($) 1 1.2700 2 1.2800 3 1.3100 4 1.3300 HEDGED VIA SWAP CONTRACT Hedges Dollar Cash Flow ($) Present Value of the hedged Cash Flows ($) Time Cash Flow ($) 1 2 3 4 Benefit US COMPANY (Business in Europe) BOND INFORMATION Construction Note - Face Value ()= Euro-denominated Fixed Rates Years (Term) = 200.00 million (Euros) 7.00% 4 years SWAP INFORMATION Spot Exchange Rates Nominal Amount in $ Dollar-denominated Fixed Rate = 1.25x $ per $ 250 million 8.50% UNHEDGED - WITH A AN EXCHNAGE FUTURE ASSUMPTION Hedges Present Unhedged Forward Dollar Value of the Euro Exchange Cash unhedged Time Cash Flow Rate Flow Cash Flows () S/ ($) ($) 1 1.2700 2 1.2800 3 1.3100 4 1.3300 HEDGED VIA SWAP CONTRACT Hedges Dollar Cash Flow ($) Present Value of the hedged Cash Flows ($) Time Cash Flow ($) 1 2 3 4 Benefit