/raid1/www/Hosts/bankrupt/TCREUR_Public/110621.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Tuesday, June 21, 2011, Vol. 12, No. 121
Headlines
B U L G A R I A
UNITED BULGARIAN: S&P Cuts Counterparty Credit Rating to 'B-'
G E R M A N Y
HSH NORDBANK: Forms JV with US Firms for Real-Estate Loan Book
XELLA INT'L: Moody's Assigns 'Ba3' Rating to EUR300-Mil. Notes
G R E E C E
OTE PLC: Moody's Downgrades CFR to 'B1'; Outlook Negative
I R E L A N D
ALLIED IRISH: Holders of EUR2.3-Bil. Bonds Reject Debt Buyback
BANK OF IRELAND: Keeps Mum on Stake Sale Talks
DOVEDALE FINANCE: S&P Withdraws 'BB' Ratings on Class C1, C2 Notes
EIRCOM GROUP: May Urge Lenders to Write Off EUR1-Bil. Debt
TBS INTERNATIONAL: Six Directors Re-elected at Annual Meeting
WILLOW NO. 2: Moody's Cuts Rating on EUR7.1MM Notes to 'B1 (sf)'
* IRELAND: To Seek ECB Backing on Imposing Bond Haircuts
L U X E M B O U R G
TELENET FINANCE: Moody's Assigns 'Ba3' Rating to 2021 Sr. Notes
N O R W A Y
NORSKE SKOGINDUSTRIER: S&P Affirms 'B-' LT Corporate Credit Rating
P O L A N D
CYFROWY POLSAT: S&P Assigns 'BB-' Corporate Credit Rating
P O R T U G A L
LUSITANO MORTGAGES: S&P Lowers Rating on Class D Notes to 'BB'
R U S S I A
HMS HYDRAULIC: S&P Assigns 'BB-' Corporate Credit Rating
SOVCOMFLOT AO: S&P Assesses Stand-Alone Credit Profile at 'BB'
* KRAI OF KRASNODAR: Moody's Assigns 'Ba1' Ratings; Outlook Stable
U K R A I N E
* CITY OF KYIV: Moody's Assigns '(P)B2' Rating on Loan Notes
U N I T E D K I N G D O M
FCE BANK: Moody's Assigns Ratings to Globaldrive Notes
FOCUS (DIY): To Close Benfleet Branch, Axes 23 Jobs
HALDANES STORES: Kirkby Supermarket Shuts, Axes 22 Jobs
KERLING PLC: S&P Affirms 'B' Corp. Credit Rating; Outlook Stable
PEPPER POST: Chances of Emerging from Insolvency Slim
SOUTHERN CROSS: Magic Circle Rivals Secure Rescue Package
SVM UK: Set to go Into Voluntary Liquidation
* UNITED KINGDOM: R3 Warns Cold Weather Could Affect Retailers
X X X X X X X X
* Large Companies with Insolvent Balance Sheets
*********
===============
B U L G A R I A
===============
UNITED BULGARIAN: S&P Cuts Counterparty Credit Rating to 'B-'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term
counterparty credit rating on United Bulgarian Bank A.D. to 'B-'
from 'B'. The 'C' short-term ratings are affirmed. All ratings
remain on CreditWatch negative, where they were placed
on Dec. 3, 2010.
The downgrade of UBB by one notch reflects the downgrade of its
Greek parent, National Bank of Greece S.A. (NBG; CCC/Negative/C;
see related article 'Four Greek Banks Downgraded To 'CCC' With A
Negative Outlook,' published June 15, 2011). It also reflects our
view that NBG will be less able to maintain ongoing funding
support to UBB. In addition, the continued weakening of NBG's
creditworthiness raises the risk of contagion for UBB, in terms of
reputation and funding, particularly in the confidence-sensitive
wholesale markets," S&P said.
"Nevertheless, we maintain that UBB demonstrates superior business
and operating characteristics relative to NBG, and consider that
it would be severable and independently sustainable if NBG were to
experience serious difficulties. Under our criteria, however, we
generally do not assign a rating of greater than two notches
between the higher-rated subsidiary and its parent," S&P stated.
The ratings on UBB are based on its stand-alone credit profile
(SACP) and do not incorporate any uplift for external support,
including potential additional parental support in case of need.
"We believe that if funding support from NBG were withdrawn, UBB
would be able to repay its obligations to its parent without
damaging its own financial profile. NBG still maintains ongoing
funding support to UBB in the form of existing subordinated debt,
term deposits, and overnight funding. At present, there are no
indications from NBG that its support for UBB has diminished. In
our view, UBB can repay its parent via its internal cashflow
generation, access to additional interbank funding and debt, as
well as liquid assets. However, owing to NBG's ownership of UBB,
our concerns over potential contagion risk persist, which in our
view could destabilize UBB's deposit base and constrain access to
wholesale funding," S&P related.
"The revision of the SACP also reflects our view of UBB's ongoing
asset quality pressure due to the weakened economic environment in
Bulgaria and the knock-on effect on its earnings and
capitalization. We expect the recessionary environment in
Bulgaria, and the correction in the real estate markets, to
continue weighing on the bank's asset quality and financial
performance over the next two to three quarters," S&P said.
"The negative CreditWatch listing continues to primarily reflect
our concerns over the degree of reliance on parent funding, as
well as potential contagion effects from the continuing
deterioration of NBG's creditworthiness," according to S&P.
Resolution of the CreditWatch will therefore depend on the bank's
ability to put alternative funding or liquidity structures in
place that would offset the repayment of NBG funding or other
market disruption resulting from contagion risk. "The current
ratings reflect our belief that UBB can replace funding from
its parent (if such support were withdrawn) without damaging its
financial profile," S&P said.
"We could lower the ratings if contagion risk were to threaten
UBB's ability to fund itself or if asset quality pressures
intensify, in turn squeezing the bank's profitability and
capital," S&P added.
=============
G E R M A N Y
=============
HSH NORDBANK: Forms JV with US Firms for Real-Estate Loan Book
--------------------------------------------------------------
Michael Haddon at Dow Jones Newswires reports that state-backed
HSH Nordbank AG has formed a joint venture for managing its
EUR3 billion Nordic real-estate loan book with two U.S.-based
property finance firms, as the bank moves forward with its
restructuring efforts.
HSH has teamed with property consultants Situs Cos. and special
loan servicer Helios AMC LLC to create the new joint venture,
which will initially service the bank's legacy loan book over the
next couple of years, Dow Jones relates.
HSH is winding down what it deems are non-core businesses --
selling activities not compatible with its strategy or that entail
high risks -- and restructuring its balance sheet, as required by
the European Commission as a condition for accepting government
bailouts, Dow Jones discloses. It is one of several troubled
state-backed German lenders, or Landesbanken, which were bailed
out by Germany and now must restructure to meet competition rules
set by Brussels, Dow Jones recounts.
The joint venture, called Situs Nordic Services, will be based in
Copenhagen, Denmark, and provide third-party loan servicing and
real estate advisory services throughout the Nordic region, Dow
Jones says.
According to Dow Jones, Helios -- the joint venture's minority
stakeholder -- is partially owned by Deutsche Bank AG, which will
source services from SNS on its future business in the region.
The joint venture, which marks another stage in the European
expansion of Situs, will be the first commercial real estate loan
advisory and servicing business in the Nordics, Dow Jones states.
HSH Nordbank -- http://www.hsh-nordbank.com/-- is a commercial
bank in northern Europe with headquarters in Hamburg as well as
Kiel, Germany. It is active in corporate and private banking.
HSH's main focus is on shipping, transportation, real estate and
renewable energy.
XELLA INT'L: Moody's Assigns 'Ba3' Rating to EUR300-Mil. Notes
--------------------------------------------------------------
Moody's Investors Service has assigned a definitive Ba3 rating
(LGD-3) to the EUR300 million senior secured notes due 2018 issued
by Xefin Lux SCA (Xefin), following receipt of final
documentation. The final terms of the bond are in line with the
drafts reviewed for the provisional (P)Ba3 instrument rating
assignment.
Ratings Rationale
Moody's definitive rating on this debt obligation is in line with
the provisional rating assigned on May 23, 2011. Moody's rating
rationale was set out in a press release issued on that date.
The principal methodologies used in rating Xella International
S.A. was Global Building Materials methodology published in
July 2009. Other methodologies used include Loss Given Default for
Speculative Grade Issuers in the US, Canada, and EMEA, published
June 2009.
Headquartered in Duisburg (Germany), Xella is a manufacturer of
modern building materials and a producer of lime. Xella is
currently owned by PAI partners and Goldman Sachs Capital
partners. The company reported consolidated revenues of EUR1.1
billion for the year 2010.
===========
G R E E C E
===========
OTE PLC: Moody's Downgrades CFR to 'B1'; Outlook Negative
---------------------------------------------------------
Moody's Investors Service has downgraded to B1 from Ba1 the
corporate family rating of Hellenic Telecommunications
Organisation S.A., following further domestic macroeconomic
deterioration in Greece and Moody's expectations of weaker
operating performance for OTE.
Concurrently, Moody's has also downgraded to B1 from Ba1 (i) the
senior unsecured ratings on the global medium-term notes and
global bonds issued by OTE Plc (OTE's fully and unconditionally
guaranteed subsidiary); and (ii) OTE's probability of default
rating. All the long-term ratings have a negative outlook and the
short-term debt ratings remain Not Prime. This rating action
concludes the rating review process initiated on May 11, 2011.
Ratings Rationale
Moody's says that the key factors behind the rating action are:
(i) further macroeconomic deterioration, which triggered the
downgrade of Greece's government bond ratings to Caa1 (negative)
on 1 June 2011; and (ii) Moody's revised expectation of weaker
operating performance for OTE. Uncertainties and low visibility
with regard to the company's future performance highlight the
increased business risk, whilst contraction in domestic
consumption, due to the government's austerity measures, will
further affect OTE's revenues and cash flow generation.
"We expect OTE's operating performance to continue to be severely
affected by adverse macroeconomic conditions, intense competition
across all segments and ongoing regulatory constraints," says
Carlos Winzer, a Moody's Senior Vice President and lead analyst
for OTE. "These factors will continue to affect OTE's cash flow
generation and financial ratios beyond the level of tolerance for
the previous rating, despite the fact that support from Deutsche
Telekom ("DT", Baa1 rating on review for possible upgrade)
continues to be factored into the overall rating," adds
Mr. Winzer.
In Moody's view, OTE will face increasing challenges to implement
further cost-cutting initiatives to continue to mitigate the
effect of even more adverse macroeconomic or competitive
conditions on its revenues and cash flow, in a very stringent
labor-cost environment. In addition, the regulatory framework does
not support OTE's need to swiftly react to competitive challenges
by introducing lower prices, products and bundles.
Moody's expects OTE's main business lines to suffer double-digit
revenue declines during 2011, which will deepen the deterioration
experienced during 2010, when full-year group revenue fell by 8%.
Although OTE will continue to reduce its opex and contain capex at
around EUR750 million, its EBITDA margin might further deteriorate
possibly by about two percentage points and cash flow from
operations will come under pressure. In addition, Moody's
anticipates further deterioration in cash flow related metrics
over the short to medium term. For example, retained cash flow
(RCF) to adjusted gross debt will be below 20% and gross adjusted
debt to EBITDA above 3.5x.
These financial metrics are weak suggesting high financial risk,
given the low visibility with regard to OTE's future cash flow
generation capacity and the uncertainty in respect of the extent
to which OTE will continue to be affected by the very challenging
market environment in Greece. More specifically, as indicated
above, Moody's believes that prolonged double-digit revenue and
EBITDA declines with weak prospects of recovery would place
substantial pressure on the ability of OTE's management to contain
any deterioration in cash flow generation. Financial metrics will
therefore continue to be negatively affected.
Moody's continues to factor in a one-notch rating uplift due to
support from Deutsche Telekom (DT, Baa1 on review for upgrade)
into OTE's ratings. This support is a reflection of DT's recently
announced increase in its ownership of OTE to 40% (expected to be
formalized in July 2011). DT already had effective control and
fully consolidated the Greek telecoms operator. This support was
also made evident through DT's recent EUR150 million backup
shareholder facility. A more explicit statement of support by DT
towards OTE could increase the uplift or alleviate potential
future negative pressure on the ratings.
Although OTE placed a EUR500 million bond on April 8, 2011 --
covering refinancing requirements throughout 2012-- the company
has debt maturities of EUR1.8 billion in 2013. At this point, it
is not yet clear how OTE plans to refinance this debt.
The ratings have a negative outlook and Moody's currently expects
no upward pressure in the short-term, unless DT provides more
explicit statements of support. However, positive pressure on the
ratings could develop over time if the macro-economic environment
improves to the point to which Moody's perceives it would
favorably affect OTE's operating performance on a sustainable
basis and free cash-flow is sufficient to enable a moderate
deleveraging.
The negative outlook on OTE's ratings reflects the high degree of
uncertainty of macro-economic conditions in Greece, as well as no
sustainable prospect of recovery in OTE's financial metrics in the
medium term. A further ratings downgrade could occur if: (i) the
macro economic conditions in Greece further deteriorate,
potentially affecting OTE's performance beyond Moody's current
expectations; or (ii) the banking system in Greece runs into
problems which could negatively affect OTE's liquidity; or (iii)
OTE's liquidity is adversely impacted by a shortfall in cash
sources, jeopardizing OTE's ability to meet its cash needs on a
timely basis; or (iv) if OTE's operating performance deteriorates
further and, for example, the gross adjusted debt to EBITDA ratio
approaches 4x.
Ratings affected:
GMTN program of OTE Plc downgraded to (P)B1 from (P)Ba1.
Senior unsecured bonds issued under OTE Plc's GMTN program
downgraded to B1 from Ba1, LGD4.
Long-term issuer rating of Hellenic Telecommunications
Organisation S.A. downgraded to B1 from Ba1.
CFR to B1 from Ba1, on Hellenic Telecommunications Organisation
S.A.
PDR to B1 from Ba1, on Hellenic Telecommunications Organisation
S.A.
Short-term issuer rating of Hellenic Telecommunications
Organisation S.A. and the commercial paper rating of OTE Plc
remains at Not Prime.
Methodologies Used
The principal methodology used in rating Hellenic
Telecommunications Organization S.A. was the Global
Telecommunications Industry Methodology, published December 2010.
Other methodologies used include Loss Given Default for
Speculative Grade Issuers in the US, Canada, and EMEA, published
June 2009.
Given that the government has reduced its stake in OTE to below
20%, the "Government-Related Issuers" methodology no longer
applies.
Headquartered in Athens, Greece, Hellenic Telecommunications
Organisation SA (OTE) is the Greek incumbent full-service
telecommunications provider, servicing 3.7 million fixed access
lines, 1.2 million fixed-line broadband connections and some 7.6
million mobile customers in Greece. In addition to its wireless
operations in Greece, the company offers mobile telephony services
to customers in Albania, Bulgaria and Romania through Cosmote,
Greece's leading provider of mobile telecommunications services,
and a number of subsidiaries, all of which command leading
positions in their respective markets. Additionally, OTE offers
wireline services in Romania through RomTelecom and has a
significant minority interest in Serbia's incumbent operator,
Telekom Srbija. OTE also provides satellite broadcasting services
in Western and Eastern Europe, the Middle East, Africa, India and
Pakistan. OTE had total revenues in 2010 of EUR5.5 billion and the
company reported EBITDA of EUR1.7 billion.
=============
I R E L A N D
=============
ALLIED IRISH: Holders of EUR2.3-Bil. Bonds Reject Debt Buyback
--------------------------------------------------------------
Donal O'Donovan at Irish Independent reports that Allied Irish
Banks plc's offer to buy back its EUR2.3 billion of subordinated
bonds was not accepted by the holders of more than GBP200 million
(EUR227 million) of the debt.
The bank's offer was backed by 86% of the EUR2.3 billion of debt
being targeted, Irish Independent discloses. According to Irish
Independent, in a statement, AIB said that holders of two sets of
sterling bonds rejected the offer to sell their debt at a fraction
of face value.
The Irish Times relates that a spokeswoman for the bank on
Thursday said the two bonds would now be the subject of a court-
ordered Subordinated Liability Order. It means the Government has
a free hand to impose changes on the terms of the bonds, The Irish
Times notes. As a result of the SLO, interest will only have to
be paid to bondholders at the discretion of the bank, and the
repayment dates will be changed from 2019 and 2025 to 2035, The
Irish Times states.
A third set of bonds that hedge fund Aurelius Capital holds a
share of also failed to pass the vote to accept the buyback deal,
The Irish Times discloses. The hedge fund is challenging the
Government's right to impose the losses and was expected to block
the offer, The Irish Times relates.
Headquartered in Dublin, Bank of Ireland --
http://www.bankofireland.com/-- provides a range of banking and
other financial services. These include checking and deposit
services, overdrafts, term loans, mortgages, business and
corporate lending, international asset financing, leasing,
installment credit, debt factoring, foreign exchange facilities,
interest and exchange rate hedging instruments, executor, trustee,
life assurance and pension and investment fund management, fund
administration and custodial services and financial advisory
services, including mergers and acquisitions and underwriting.
The Company organizes its businesses into Retail Republic of
Ireland, Bank of Ireland Life, Capital Markets, UK Financial
Services and Group Centre. It has operations throughout Ireland,
the United Kingdom, Europe and the United States.
* * *
As reported by the Troubled Company Reporter-Europe on June 17,
2011, Standard & Poor's Ratings Services lowered its ratings on
the affected Tier 1 and Tier 2 hybrid debt instruments issued by
Bank of Ireland (BOI; BB+/Watch Neg/B) and subsidiaries to 'C'
from 'CC' and affected lower Tier 2 subordinated debt instruments
to 'D' from 'CCC'.
BANK OF IRELAND: Keeps Mum on Stake Sale Talks
----------------------------------------------
According to Irish Examiner's Brian O'Mahony, Bank of Ireland
refused to comment on weekend reports that it is in advanced talks
with a number of private equity investors in the U.S. interested
in taking a significant stake in the bank.
Irish Examiner relates that the Sunday Business Post on Sunday
reported that the ongoing talks "advanced significantly over the
past week."
A spokesman for the bank on Sunday night, as cited by Irish
Examiner, said "it had not comment to make" on the talks.
The bank is currently grappling to raise EUR4.2 billion in fresh
equity in order to meet the new capital requirements set out by
the Financial Regulator at the end of March this year, Irish
Examiner notes.
The bank led by Richie Boucher, chief executive, is said to have
held talks with a number of U.S. private equity firms including
Texas pacific, run by Ryanair investor and chairman, David
Bonderman, Irish Examiner says, citing the Business Post.
Over the weekend, BoI gave a strong indication that the Irish
state might be preparing the ground to sell a large portion of its
stake in the bank in order to facilitate the buy in of the private
equity firms, Irish Examiner discloses. The Irish state currently
holds 36% of BoI's equity.
On a further update of its capital raising plans issued to the
stock exchange on Saturday, BoI said the Irish government was
taking an option to gain another 15% stake in the bank ahead of
the planned rights issue, on top of the 36% it already holds,
Irish Examiner notes.
According to Irish Examiner, the report noted that the added 15%
option was to increase the Irish state's flexibility to allow
private equity investors to take a big chunk of BoI's shares at a
later date.
Sunday's report quoted unnamed sources but it is understood BoI is
close to a deal that will ensure it remains independent unlike
Allied Irish Bank, which is now over 92% state owned, Irish
Examiner notes.
Irish Examiner relates that The Sunday Business Post, without
naming its sources, said the talks had advanced significantly in
the past week and that the government had committed to selling a
significant amount of its shares after a rights issue next month.
Headquartered in Dublin, Bank of Ireland --
http://www.bankofireland.com/-- provides a range of banking and
other financial services. These include checking and deposit
services, overdrafts, term loans, mortgages, business and
corporate lending, international asset financing, leasing,
installment credit, debt factoring, foreign exchange facilities,
interest and exchange rate hedging instruments, executor, trustee,
life assurance and pension and investment fund management, fund
administration and custodial services and financial advisory
services, including mergers and acquisitions and underwriting.
The Company organizes its businesses into Retail Republic of
Ireland, Bank of Ireland Life, Capital Markets, UK Financial
Services and Group Centre. It has operations throughout Ireland,
the United Kingdom, Europe and the United States.
* * *
As reported by the Troubled Company Reporter-Europe on June 17,
2011, Standard & Poor's Ratings Services lowered its ratings on
the affected Tier 1 and Tier 2 hybrid debt instruments issued by
Bank of Ireland (BOI; BB+/Watch Neg/B) and subsidiaries to 'C'
from 'CC' and affected lower Tier 2 subordinated debt instruments
to 'D' from 'CCC'.
DOVEDALE FINANCE: S&P Withdraws 'BB' Ratings on Class C1, C2 Notes
------------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its credit ratings on
Dovedale Finance No. 1 PLC's class C1 and C2 notes.
On June 6, 2011, Leek Finance Number Seventeen PLC (Leek 17)
announced it had executed amendment documents. These changes
involved the issuer removing all references to Standard & Poor's
and any of Standard & Poor's criteria contained in the transaction
documents. "Therefore, the documents are no longer in line with
our counterparty criteria. Just prior to these changes we withdrew
our ratings on all classes of notes in Leek 17, at the issuer's
request," S&P said.
Dovedale is a synthetic residential mortgage-backed securities
transaction whose repayment was linked to the performance of seven
Leek transactions at closing. Of these seven Leek transactions,
all except Leek 17 have redeemed. "Without rating triggers on Leek
17, in line with our criteria, our analysis shows that under our
criteria we can no longer assign ratings to the remaining
classes of Dovedale. We are thus withdrawing our ratings," S&p
added.
Ratings List
Class Rating
To From
Dovedale Finance No. 1 PLC
EUR117 Million, GBP21 Million
Asset-Backed Floating-Rate
Credit-Linked Notes
Ratings Withdrawn
C1 NR BB (sf)
C2 NR BB (sf)
NR--Not rated.
EIRCOM GROUP: May Urge Lenders to Write Off EUR1-Bil. Debt
----------------------------------------------------------
Joe Brennan at Bloomberg News reports that sources said Eircom
Group may ask lenders to write off more than EUR1 billion of debt.
According to Bloomberg, the source said Eircom will seek haircuts
on payment-in-kind securities and floating-rate notes. Second-
lien creditors may be offered equity for accepting a discount, the
report states. The person said it isn't clear whether first-lien
lenders will be affected, according to the report.
Eircom, saddled with EUR3.75 billion of debt following five
changes in ownership in the last 12 years, said last month it is
"very optimistic" it can resolve its debt situation this year,
even as it warned of a likely breach in financial covenants within
three months, Bloomberg recounts.
"The company has no comment regarding speculation concerning any
proposal regarding the balance sheet," Bloomberg quotes Paul
Bradley, a spokesman for Eircom, as saying. "At our recent third-
quarter results, the company stated that we will make a proposal
to lenders in due course. At that time, we also guided that there
would be an acceleration in EBITDA decline."
According to Bloomberg, the two people said Eircom's owners are
also be expected to provide new equity to the company as part of a
capital restructuring.
Mr. Bradley, as cited by Bloomberg, said on June 14 that Eircom,
advised externally by JPMorgan Chase & Co and Gleacher Shacklock &
Co Inc., expects to "shortly" agree terms of engagement with a
committee formed to represent senior creditors in talks on a
restructuring of debt.
Headquartered in Dublin, Ireland, Eircom Group --
http://www.eircom.ie/-- is an Irish telecommunications company,
and former state-owned incumbent. It is currently the largest
telecommunications operator in the Republic of Ireland and
operates primarily on the island of Ireland, with a point of
presence in Great Britain.
TBS INTERNATIONAL: Six Directors Re-elected at Annual Meeting
-------------------------------------------------------------
TBS International plc held its annual general meeting of
shareholders on June 9, 2011. Shareholders acted on seven items
of business at the annual meeting.
Six nominees for director were reappointed to the Company's Board
of Directors, namely: Joseph E. Royce, Gregg L. McNelis, John P.
Cahill, Randee E. Day, William P. Harrington and Alexander
Smigelski. The advisory resolution on executive compensation was
approved. Shareholders voted, on an advisory basis, to conduct
future advisory votes on executive compensation every year. The
reappointment of PricewaterhouseCoopers LLP as the Company's
independent registered public accounting firm to serve until the
2012 Annual General Meeting of Shareholders and authorization of
the Board, acting through the Audit Committee, to determine the
independent registered public accounting firm's remuneration was
approved. The authorization to hold the Company's 2012 Annual
General Meeting of Shareholders at a location outside of Ireland
was approved.
About TBS International plc
Dublin, Ireland-based TBS International plc (NASDAQ: TBSI)
-- http://www.tbsship.com/-- provides worldwide shipping
solutions to a diverse client base of industrial shippers through
its Five Star Service: ocean transportation, projects, operations,
port services and strategic planning. The TBS shipping network
operates liner, parcel and dry bulk services, supported by a fleet
of multipurpose tweendeckers and handysize/handymax bulk carriers,
including specialized heavy-lift vessels and newbuild tonnage.
TBS has developed its franchise around key trade routes between
Latin America and China, Japan and South Korea, as well as select
ports in North America, Africa, the Caribbean and the Middle East.
The Company reported a net loss of US$247.76 million on US$411.83
million of total revenue for the year ended Dec. 31, 2010,
compared with a net loss of US$67.04 million on US$302.51 million
of total revenue during the prior year.
The Company's balance sheet at March 31, 2011, showed US$681.39
million in total assets, US$406.22 million in total liabilities
and US$275.17 million in total shareholders' equity.
PricewaterhouseCoopers LLP expressed substantial doubt about the
Company's ability to continue as a going concern. PwC believes
that the Company will not be in compliance with the financial
covenants under its credit facilities during 2011, which under the
agreements would make the debt callable. According to PwC, this
has created uncertainty regarding the Company's ability to fulfill
its financial commitments as they become due.
As reported in the TCR on Feb. 8, 2011, TBS International on
Jan. 31, 2011, announced that it had entered into amendments to
its credit facilities with all of its lenders, including AIG
Commercial Equipment, Commerzbank AG, Berenberg Bank and Credit
Suisse and syndicates led by Bank of America, N.A., The Royal Bank
of Scotland plc and DVB Group Merchant Bank. The amendments
restructure the Company's debt obligations by revising the
principal repayment schedules under the Credit Facilities, waiving
any existing defaults, revising the financial covenants, including
covenants related to the Company's consolidated leverage ratio,
consolidated interest coverage ratio and minimum cash balance, and
modifying other terms of the Credit Facilities.
The Company currently expects to be in compliance with all
financial covenants and other terms of the amended Credit
Facilities through maturity.
As a condition to the restructuring of the Company's credit
facilities, three significant shareholders who also are key
members of TBS' management agreed on Jan. 25, 2011, to provide up
to US$10 million of new equity in the form of Series B Preference
Shares and deposited funds in an escrow account to facilitate
satisfaction of this obligation. In partial satisfaction of this
obligation, on Jan. 28, 2011, these significant shareholders
purchased an aggregate of 30,000 of the Company's Series B
Preference Shares at US$100 per share directly from TBS in a
private placement.
WILLOW NO. 2: Moody's Cuts Rating on EUR7.1MM Notes to 'B1 (sf)'
----------------------------------------------------------------
Moody's Investors Service has downgraded the ratings of notes
issued by Willow No.2 Series 39. The notes affected by the rating
action are:
Issuer: WILLOW NO.2 (IRELAND) PLC
-- EUR7.1M Series 39 EUR 7,100,000 Secured Limited Recourse
Notes due 2039 Notes, Downgraded to B1 (sf); previously on
May 18, 2011 Ba1 (sf) Placed Under Review for Possible
Downgrade
Ratings Rationale
Willow No.2 (Ireland) Plc Series 39 is a repackaging of Grifonas
Finance No.1 Plc Class A Notes, a Greek residential mortgage-
backed security. All interest and principal received on the
underlying asset are passed net of on-going costs to the holders
of the Willow No.2 series 39 notes. This rating is essentially a
pass-through of the rating of the underlying securities.
Moody's explained that the rating action taken is the result of a
rating action on Grifonas Finance No.1 Plc Class A Notes, which
was downgraded by Moody's to B1 (sf) from Ba1 (sf) under review
for possible downgrade on June 10, 2011.
The principal methodology used in this rating was "Moody's
Approach to Rating Repackaged Securities" published in April 2010.
Moody's Investors Service did not receive or take into account a
third-party due diligence report on the underlying assets or
financial instruments related to the monitoring of this
transaction in the past six months.
* IRELAND: To Seek ECB Backing on Imposing Bond Haircuts
--------------------------------------------------------
John Murray Brown at The Financial Times reports that Ireland is
ready to give itself the power to impose losses on senior bank
bondholders, but it will not move without the backing of the
European Central Bank.
Although Ireland's banks have imposed heavy losses on junior
bondholders as part of efforts to bolster bank capital, senior
bondholders have been protected by the ECB, which fears any forced
losses could affect funding for banks across the region, the FT
notes. Senior bonds are the bread-and-butter of bank financing,
the FT discloses.
However, the cost of insuring European bank debt against default
continued to rise on Thursday, according to Markit, the data
provider, even though many market watchers felt senior bondholders
would ultimately be protected, the FT relates.
"At this point in time, our base case is the ECB will step in to
prevent any mistreatment of senior bondholders," the FT quotes
Olivia Frieser, senior bank credit analyst at BNP Paribas, as
saying. "Having said that, we find this very detrimental for the
credibility of the Irish government."
===================
L U X E M B O U R G
===================
TELENET FINANCE: Moody's Assigns 'Ba3' Rating to 2021 Sr. Notes
---------------------------------------------------------------
Moody's Investors Service assigned a definitive Ba3 rating to the
EUR400 million senior secured notes due 2021 issued by Telenet
Finance IV Luxembourg SCA. The rating outlook is stable.
Telenet will use proceeds from the notes alongside up to EUR200
million of existing cash and cash equivalents to repay in full or
in part outstanding amounts under Term Loans G and J of its senior
secured bank facilities.
Ratings Rationale
The Ba3 rating on the notes reflects the fact that the notes rank
effectively pari-passu with Telenet's senior secured bank
facilities (also rated at Ba3).
Telenet Finance IV is incorporated in Luxembourg as a special
purpose vehicle, created to issue the notes. The notes will fund a
EUR400 million term loan facility to Telenet International Finance
S. a r.l. The terms of the Finco loan will be recorded in an
additional facility accession agreement between Telenet Finance IV
and Telenet International Finance S.a r.l. and the facility agent
under the Telenet Senior Credit Facility.
Telenet's note-holders benefit indirectly from the terms
(including maintenance financial covenants) of the Senior Credit
Facility, plus incurrence covenants within the Facility P
Accession Agreement. They also have security over the Issuer's
shares and over its assets, including its rights to and benefit in
the Finco loan. However, Moody's notes that the holders of the
notes will have only indirect recourse to Telenet International so
that in an enforcement scenario they would have to enforce the
security interest in the Finco loan, and subsequently enforce the
collateral granted in favour of the Finco loan.
The principal methodologies used in this rating were Global Cable
Television Industry published in July 2009, and Loss Given Default
for Speculative-Grade Non-Financial Companies in the U.S., Canada
and EMEA published in June 2009.
Headquartered in Mechelen, Belgium, Telenet Group Holding NV is
the largest provider of cable services in Belgium. Currently, US-
based Liberty Global Consortium (rated Ba3/Negative) owns
approximately 50.2% of Telenet Group Holding NV. For the financial
year ending December 31, 2010, Telenet Group Holding NV reported
revenues of EUR1.3 billion with 51.5% Adjusted EBITDA margin (as
calculated by the company).
===========
N O R W A Y
===========
NORSKE SKOGINDUSTRIER: S&P Affirms 'B-' LT Corporate Credit Rating
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Norway-
based forest product group Norske Skogindustrier ASA to stable
from negative. "At the same time, we affirmed the 'B-' long-term
corporate credit rating and the 'B' short-term corporate credit
rating," S&P said.
The outlook revision reflects Norske Skog's improved liquidity
position, following a refinancing exercise and asset disposals in
the second quarter of 2011. "We now view the group's liquidity
position as adequate, primarily reflecting materially lower
covenant risk and an extended debt maturity profile. Accordingly,
the favorable prospects for the group's operating performance and
cash flow generation are likely to increasingly impact the rating
over the near term. Although we currently forecast improved credit
measures over the near term, we believe that Norske Skog will
maintain a financial performance that is indicative of a highly
leveraged financial risk profile through 2011. For example, we
believe that adjusted funds from operations to debt will remain
below 12% and that adjusted debt to EBITDA will remain above 5x.
Prospects for improvement from these levels exist, in our view. We
base this primarily on the likelihood that Norske Skog will
achieve higher selling prices for key products in 2011 and 2012,
while keeping capital expenditure low. Proceeds from asset
disposals will reduce adjusted debt," S&P related.
"In our opinion, downside risks remain relating to operating
factors such as input cost inflation and currency movements, as
these factors could offset the positive effects of higher prices.
Over the near to medium term, renewed pressure on demand or
selling prices, due, for example, to macroeconomic or structural
factors, constitutes the main operating risk, in our view, even
though we do not currently expect such pressures," S&P said.
The ratings continue to reflect the oversupplied, cyclical, and
structurally impaired nature of the publication-paper industry,
severe pressure on input costs, and the group's weak credit
measures. These constraints are only partly counterbalanced by
Norske Skog's good positions in the global newsprint markets,
paper selling price momentum, and an adequate liquidity profile.
As of March 31, 2011, Norske Skog's adjusted debt amounted to an
estimated NOK10.2 billion.
"The stable outlook reflects our assumption that Norske Skog can
maintain an adequate liquidity position," S&P added.
===========
P O L A N D
===========
CYFROWY POLSAT: S&P Assigns 'BB-' Corporate Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' long-term
corporate credit rating to Poland-based direct-to-home and free-
to-air TV broadcasting company Cyfrowy Polsat S.A. The outlook is
stable.
"At the same time, we assigned our 'BB-' issue rating to Polsat's
EUR350 million senior secured bond due 2018," S&P said.
"The rating on Polsat primarily reflects our view of the company's
aggressive debt burden and leverage following its recent
acquisition of TV broadcaster Telewizja Polsat S.A. It also takes
into account the company's post-acquisition exposure to cyclical
advertising revenues; the highly competitive Polish pay-TV market,
which is nearing saturation; and Polsat's ongoing, though
decreasing, exposure to foreign currency exchange movements,
which can affect operating margins and, ultimately, credit
measures. Further constraining the rating are the potential
challenges for Polsat to increase its relatively new complimentary
telecommunications services, which are currently unprofitable,"
S&P related.
"These weaknesses are partly offset by our view of Polsat's
leading position and scale in the Polish pay-TV market; its strong
focus on cost control, which translates into solid profitability;
its positive and solid free cash flow generation; and the sound
potential for deleveraging over the medium term (foreign exchange
volatility and growth in new services permitting). Deleveraging
potential comes from limitations within the loan documentation on
dividend distributions or acquisitions until certain covenants are
met," S&P said.
"In our view, based on its market position and cash generation
capacity, Polsat should start to deleverage over the next few
quarters. We anticipate that Polsat will post a ratio of adjusted
gross debt to EBITDA not exceeding 4.5x in 2011, which we consider
to be in line with the current rating. Importantly, the corporate
credit and issue ratings do not take into account any sizable
acquisitions and/or shareholder returns over the medium term," S&P
stated.
Rating upside could materialize over the next 12 months if Polsat
were to deleverage more quickly than we anticipate, leading to
adjusted debt to EBITDA of less than 4.0x and to a ratio of
adjusted funds from operations (FFO) to debt of more than 20%.
"On the other hand, downward rating pressure could stem from
substantial operating underperformance, notably if foreign
exchange movements were to cause EBITDA growth to stall or
decline, leading to an adjusted leverage ratio of more than 4.5x
and to adjusted FFO to debt of less than 12% by financial year-end
2011. Rating pressure could also arise if Polsat were to implement
a more aggressive financial policy than we anticipate," S&P added.
===============
P O R T U G A L
===============
LUSITANO MORTGAGES: S&P Lowers Rating on Class D Notes to 'BB'
--------------------------------------------------------------
Standard & Poor's Ratings Services took various rating actions in
Lusitano Mortgages No. 1 PLC, Lusitano Mortgages No. 2 PLC,
Lusitano Mortgages No. 3 PLC, Lusitano Mortgages No. 4 PLC,
Lusitano Mortgages No. 5 PLC, and Lusitano Mortgages No. 7 Ltd.
Specifically, S&P has:
-- lowered and removed from CreditWatch negative rating on
Lusitano 1's class B notes and affirmed and removed from
CreditWatch negative the rating on the class A notes;
-- lowered and removed from CreditWatch negative ratings on
Lusitano 2's class A and B notes;
-- lowered and removed from CreditWatch negative rating on
Lusitano 3's class B notes, lowered ratings on the class
C and D notes, and affirmed and removed from CreditWatch
negative rating on the class A notes;
-- lowered and removed from CreditWatch negative rating on
Lusitano 4's class B notes, lowered ratings on the class C
and D notes, and affirmed and removed from CreditWatch
negative rating on the class A notes;
-- lowered ratings on Lusitano 5's class C and D notes and
affirmed and removed from CreditWatch negative ratings on
the class A and B notes; and
-- lowered rating on Lusitano 7's class B notes and affirmed
and removed from CreditWatch negative rating on the class
A notes.
"The rating actions follow our cash flow analysis and the
application of our 2010 counterparty criteria, which became
effective on Jan. 18, 2011 (see 'EMEA Structured Finance
CreditWatch Actions In Connection With Revised
Counterparty Criteria')," S&P said.
"When we apply our 2010 counterparty criteria to Lusitano 1 and 2,
we consider the liquidity facility documentation to not be in line
with the criteria. For the classes of notes rated above the rating
on the liquidity facility provider, we have run our cash flows
without the benefit of the liquidity facility," according to S&P.
Lusitano 1
"For Lusitano 1, our analysis indicates that the current rating on
the class B notes cannot be maintained without the facility and we
have thus lowered and removed from CreditWatch negative this
rating. For the class A notes, our analysis indicates that the
current rating can be maintained without the facility and we have
therefore affirmed and removed from CreditWatch negative this
rating," S&P said.
Lusitano 2
"For Lusitano 2, we believe that the current ratings on the class
A and B notes cannot be maintained without credit being given to
the liquidity facility. We have subsequently lowered and removed
from CreditWatch negative our ratings on these notes," S&P
related.
Lusitano 3
"We have lowered our ratings on the class B, C, and D notes in
Lusitano 3 following the results of our cash flow analysis. Credit
enhancement is increasing at a much slower rate compared with the
other Lusitano transactions because it is due on a pro-rata basis.
These small increases have not sufficiently offset an increase in
our foreclosure forecasts and we have therefore lowered our
ratings on these notes accordingly," S&P noted.
"We do not consider the swap documentation to be in line with our
2010 counterparty criteria. We have therefore run our cash flows
without taking the swap into account. Our analysis indicates that
the rating on the class B notes cannot be maintained without the
swap; however, according to our analysis, the current rating on
the class A notes can be maintained. We have therefore removed
from CreditWatch negative our rating on the class B notes and
affirmed and removed from CreditWatch negative our rating on the
class A notes," S&P stated.
Lusitano 4 and 5
"The rating actions in Lusitano 4 and 5 mainly result from reserve
fund draws and our expectation of future reserve fund draws due to
current and potential future default provisioning," S&P stated.
In Lusitano 4, the reserve fund is at 41% of its required amount
so credit enhancement for the class D notes has decreased since
closing. In addition, credit enhancement for the mezzanine and
senior notes has not increased significantly due to low
prepayments (the annualized quarterly constant prepayment rate is
2.99%). "These small increases in credit enhancement have not
sufficiently offset an increase in our foreclosure forecasts
(following our expectation of delinquent and written-off loans in
the future). We have therefore lowered our ratings on the class B,
C, and D notes accordingly," S&P said.
"We have also removed from CreditWatch negative our rating on the
class B notes for counterparty reasons as the rating is lower than
the lowest rated counterparty, Citibank (A+/Negative/A-1). As we
do not consider the swap documentation to be in line with our
criteria, we ran our analysis without the swap. According to our
analysis, the class A notes can maintain their current rating
without the swap and we have thus affirmed and removed from
CreditWatch negative this rating," S&P related.
In Lusitano 5, the reserve fund draws have been smaller than in
Lusitano 4 and the reserve fund is at 67% of its required amount.
"As with Lusitano 4, an increase in our foreclosure forecasts has
led to an increase in our required credit enhancement for the
current ratings in this transaction. However, the downgrade
magnitude is lower in Lusitano 5 due to a change in the principal
to pay interest mechanism. We have therefore lowered our ratings
on the class C and D notes accordingly," S&P said.
"We do not consider the swap documentation to be in line with our
2010 counterparty criteria. Rather, as the swap counterparty's
swap agreement reflects a replacement language in line with
previous counterparty criteria, it is consistent with our 2010
counterparty criteria that the counterparty supports tranches
rated not higher than the counterparty's issuer credit rating plus
one notch. The swap counterparty is Citibank (A+/Negative/A-1)
therefore the ratings of the A and B notes can be maintained. We
have thus affirmed and removed from CreditWatch negative our
ratings on these notes," S&P related.
Both Lusitano 4 and 5 have a principal draw mechanism where
principal can be used to pay interest in stressed scenarios,
subject to a principal draw test. Principal cannot be used to pay
interest on a class of notes if the principal deficiency ledger
(PDL) balance is greater than a specified percentage. "In our
view, this mechanism is more conservative in Lusitano 4 than in
Lusitano 5. For example, in Lusitano 4, principal cannot be used
to pay interest on the class C notes if the C PDL balance is
greater than 75%, but in Lusitano 5, this percentage is 30%.
Therefore, in Lusitano 4, principal provides more support to the
senior notes--but less to the junior notes--in our most
stressful scenarios," S&P said.
Lusitano 7
"In Lusitano 7, we do not consider the swap documentation to be in
line with our 2010 counterparty criteria. We have therefore run
our cash flows without taking the swap into account. Our analysis
indicates that the rating on the class A notes can be maintained
without the swap; however, according to our analysis, the current
rating on the class B notes cannot be maintained. We have
therefore lowered our rating on the class B notes and affirmed and
removed from CreditWatch negative our rating on the class A
notes," S&P related.
Lusitano Mortgages 1, 2, 3, 4, 5, and 7 are Portuguese residential
mortgage-backed securities (RMBS) transactions that securitize
loans originated by Banco Espirito Santo. The transactions closed
in December 2002, November 2003, November 2004, September 2005,
September 2006, and September 2008.
Ratings List
Class Rating
To From
Lusitano Mortgages No. 1 PLC
EUR1 Billion Mortgage-Backed
Floating-Rate Notes
Rating Lowered and Removed From CreditWatch Negative
B A+ (sf) AA- (sf)/Watch Neg
Rating Affirmed and Removed From CreditWatch Negative
A AA- (sf) AA- (sf)/Watch Neg
Lusitano Mortgages No. 2 PLC
EUR1 Billion Mortgage-Backed
Floating-Rate Notes
Ratings Lowered and Removed From CreditWatch Negative
A A+ (sf) AA- (sf)/Watch Neg
B A+ (sf) AA- (sf)/Watch Neg
Lusitano Mortgages No. 3 PLC
EUR1.2 Billion Mortgage-Backed
Floating-Rate Notes
Rating Lowered and Removed From CreditWatch Negative
B A+ (sf) AA- (sf)/Watch Neg
Ratings Lowered
C BBB+ (sf) A (sf)
D BB (sf) BBB (sf)
Rating Affirmed and Removed From CreditWatch Negative
A AA- (sf) AA- (sf)/Watch Neg
Lusitano Mortgages No. 4 PLC
EUR1.21 Billion Mortgage-Backed
Floating-Rate Notes
Rating Lowered and Removed From CreditWatch Negative
B A- (sf) AA- (sf)/Watch Neg
Ratings Lowered
C BBB- (sf) A+ (sf)
D BB- (sf) BBB+ (sf)
Rating Affirmed and Removed From CreditWatch Negative
A AA- (sf) AA- (sf)/Watch Neg
Lusitano Mortgages No. 5 PLC
EUR1.412 Billion Mortgage-Backed
Floating-Rate Notes
Ratings Lowered
C A- (sf) A (sf)
D BB (sf) BBB (sf)
Ratings Affirmed and Removed From CreditWatch Negative
A AA- (sf) AA- (sf)/Watch Neg
B AA- (sf) AA- (sf)/Watch Neg
Lusitano Mortgages No. 7 Ltd.
EUR1.957 Billion Mortgage-Backed
Floating-Rate Notes
Rating Lowered
B BB (sf) BBB- (sf)
Rating Affirmed and Removed From CreditWatch Negative
A AA- (sf) AA- (sf)/Watch Neg
===========
R U S S I A
===========
HMS HYDRAULIC: S&P Assigns 'BB-' Corporate Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' long-term
corporate credit rating to HMS Hydraulic Machines & Systems Group
PLC, a Russia-based manufacturer of pumps and oil and gas
equipment. "At the same time, we assigned our 'ruAA-' Russia scale
national rating to HMS. The outlook is stable," S&P said.
"The rating on HMS reflects our assessment of its weak business
risk profile and significant financial risk profile," S&P said.
The ratings are primarily constrained by HMS' narrow geographical
diversification and the risk inherent in doing business in Russia,
which represents around 90% of the group's revenues. Ratings are
also constrained by the execution risks HMS faces on the delivery
of contracts. The contracts are on a lump sum basis, which leaves
HMS exposed to potential unexpected cost overruns. This risk is
reinforced by HMS' concentration on some large contracts such as
the ESPO contract with Transneft which represented close to
half of HMS' backlog of orders on Dec. 31, 2010, and which
contributes substantially to group operating margin.
Supporting factors include HMS' leading position in the Russian
pumps markets. "We expect HMS to be able to protect its market
shares going forward and fully take advantage of the positive
prospects for the Russian pumps industry, fuelled by the need for
replacement and expansion of infrastructure in Russia. Another key
supportive factor is HMS' very solid balance sheet following the
IPO and the subsequent repayment of around 70% of debt in February
2011," S&P said.
"The stable outlook reflects our view that HMS will continue to
benefit from the currently healthy market fundamentals and will be
able to improve its EBITDA margins due to a more favorable product
mix in the future. We also expect the group to tackle its order
backlog successfully. At the current rating level, we think HMS
has headroom for growth via small debt-financed acquisitions, but
we expect management to maintain the ratio of debt to EBITDA
comfortably below 2.0x at all times. We will also keep monitoring
the success of HMS' penetration in replacement, maintenance, and
services markets and its proportion of future earnings from these
markets," S&P stated.
Negative rating actions could result from material operational
issues in the execution of a contract, leading to lower margins
than presently assumed or large payment delays. "Larger debt-
financed acquisitions than we currently expect, resulting in a
more leveraged balance sheet could also trigger a downgrade," S&P
said.
"While unlikely at this stage, we could raise the ratings if HMS
developed a stronger-than-anticipated performance over time, and
exhibited a longer track record of relatively stable and
profitable operations, as well as strict compliance with its
financial policy," S&P added.
SOVCOMFLOT AO: S&P Assesses Stand-Alone Credit Profile at 'BB'
--------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB-' long-term
corporate credit rating and its 'ruAAA' Russia national scale
rating to the Russian tanker shipping company AO Sovcomflot. The
outlook is stable.
The ratings on Sovcomflot reflect our opinion that there is a
"high" likelihood that the government of the Russian Federation
(foreign currency BBB/Stable/A-3; local currency BBB+/Stable/A-2)
would provide timely and sufficient extraordinary support to
Sovcomflot in the event of financial distress. "We assess
Sovcomflot's stand-alone credit profile (SACP) at 'bb',
based on our opinion of its 'fair' business risk profile and
'aggressive' financial risk profile," S&P said.
"The SACP is constrained by the higher-than-average industry risk
characteristics of the tanker shipping sector, weak industry
conditions, and the company's aggressive vessel investment
program," said Standard & Poor's credit analyst Izabela Listowska.
"These negative factors are offset by Sovcomflot's leading
position in the global oil shipping sector, attractive vessel
fleet, high degree of fixed contract coverage, and its maintenance
of moderate financial leverage over the industry cycle."
Sovcomflot operates a fleet of 155 owned vessels totaling 12
million dead weight tonnes, with an average age of less than seven
years. It has 17 newbuilds on order, to be delivered in 2011-2014.
"We believe the key credit support for Sovcomflot comes from its
fairly conservative charter policy to maintain a high level of
time charter (T/C) contract cover for its fleet," S&P said.
Sovcomflot's profitability suffers from weak freight rates, which
have an adverse effect on the utilization of fixed costs.
Furthermore, considerable vessel investments during the peak of
the cycle, at top prices and therefore at high capital costs,
depress returns on capital.
"We anticipate that the company's financial leverage is likely to
peak in 2011 after it pays major installments for vessels on order
and to acquire new ships. Consequently, cash flow protection
measures will remain weak for the ratings in the near term.
However, as EBITDA and cash flows continue to increase, the ratio
of adjusted FFO to debt should improve to more than 15% by 2012,
which we consider to be rating-commensurate," S&P stated.
"The stable outlook reflects our expectation that Sovcomflot will
maintain its conservative charter policy, carefully manage its
expansion program, and preserve its moderate financial leverage.
The ratings incorporate our expectations of significant cyclical
swings in earnings and cash flows as a result of the inherent
volatility of the shipping sector. However, in our opinion, the
company's large and attractive tanker fleet and high, albeit
fairly short, contract coverage should enable it to maintain a
credit profile and competitive position commensurate with the
ratings," said Ms. Listowska.
"Furthermore, we expect that Sovcomflot will fund its investments
so that it does not breach a ratio of debt to capital of less than
50%. We also expect that cash flow coverage ratios will strengthen
and remain commensurate with our rating categories, such as
adjusted FFO to debt of more than 15% on average," S&P said.
* KRAI OF KRASNODAR: Moody's Assigns 'Ba1' Ratings; Outlook Stable
------------------------------------------------------------------
Moody's Investors Service has assigned first-time global scale
foreign and local currency issuer ratings of Ba1 to the Krai
(region) of Krasnodar, and a Ba1 global scale local currency debt
rating to its RUB4 billion (US$140 million) senior unsecured
bonds, issued in 2010 and due in 2014. The outlook on the ratings
is stable.
Ratings Rationale
"Moody's ratings for the Krai of Krasnodar are supported by the
region's (i) stable budgetary operating performance, which proved
its resilience to economic stresses, (ii) moderate debt burden and
low interest costs, which are expected to remain at current levels
in the medium term, and (iii) relatively diversified economy in
the Russian context," says Alexander Proklov, a Moody's Senior
Analyst and lead analyst for the Krai of Krasnodar.
Moody's notes that the relatively stable operating performance has
been ensured by Krasnodar's diversified tax base, which,
differently from many other Russian Regions, does not rely on a
particular taxpayer or industry. In contrast with most Russian
rated sub-sovereign entities, the region posted stable operating
balances -- with gross operating balance of around 10% of
operating revenue recorded even in recessionary 2009. In addition,
the region continues to benefit from substantial federal subsidies
and low-cost budget loans earmarked to support infrastructure
development and capital repairs prior to the 2014 Winter Olympics,
which will take place in the City of Sochi -- the region's Black
Sea coast area. Moody's believes that after the Olympics, the
region will benefit from modern tourist and recreation
infrastructure capable of generating additional tax revenue.
Despite rapid growth in 2010-11, Krasnodar's debt burden remains
well within moderate levels in the range of 20-22% of operating
revenues. "We expect Krasnodar's debt policy to remain
conservative in the coming years, with no net new borrowing in
2012-13. Notably, the region's maturity profile is of a medium-
term nature, with the bulk of direct debt represented by federal
low-cost loans, resulting in very low interest spending and
conferring additional stability to the region's debt position,"
adds Mr. Proklov.
At the same time, Krasnodar's ratings are constrained by some
insufficiency of the region's own tax base which necessitates
federal equalization transfers. This is combined with limited
revenue flexibility, as the region (in common with other Russian
sub-sovereign entities) can neither introduce new taxes and levies
nor significantly increase existing tax rates. The largest
operating items, namely salaries, social benefits, maintenance
costs and utility payments, are also inflexible by nature and
susceptible to inflationary pressure, which render the operating
balances and the region's self-financing capacity less
predictable.
"In addition, Krasnodar's own-source liquidity position is
relatively low, while its capital requirements will remain
substantial after the 2014 Winter Olympics, particularly in those
areas unaffected by preparation for the Games. In the event of
severe nationwide economic challenges, the administration's
currently conservative budgetary policy may be required adjust
towards a strategy of increasing deficits and growing debt," adds
Mr. Proklov.
Moody's notes that the upward movement in the region's ratings may
be driven by sustainably improving operating margins towards the
levels of 20% of operating revenue, if combined with a stronger
liquidity profile and stable debt position. On the contrary, the
ratings could be under pressures if the region experiences rapid
deterioration in its operating balances to structurally low
levels, or if the debt burden grows toward 40-45% of operating
revenue.
This announcement is issued on the senior unsecured debt of
Krasnodar Krai as a whole and provides relevant regulatory
disclosures in relation to each particular Rating Action for
subsequently issued bonds or notes of the same category of debt
for which the Credit Ratings are derived. For further information
on any such subsequently issued bonds or notes, please see the
Ratings tab on the issuer page on Moodys.com.
The principal methodologies used in this rating were "Regional and
Local Governments Outside the US" published in May 2008, and "The
Application of Joint Default Analysis to Regional and Local
Governments" published in December 2008.
The Krai of Krasnodar is located in the South of Russia,
encompassing part of Russia's North Caucasus, the Black Sea and
the Sea of Azov coasts. The region is Russia's third most populous
region, with 5.2 million inhabitants, or 3.7% of the country's
overall population. Its economy is sufficiently diversified and
accounts for around 1.5% of Russia's industrial output and 7% of
agricultural output. However, gross regional product per capita
and average income per capita each account for only around 70% of
the national GDP, because the low-profit agricultural sector
represents a considerable proportion of the local economy.
Moody's Interfax Rating Agency's National Scale Ratings are
intended as relative measures of creditworthiness among debt
issues and issuers within a country, enabling market participants
to better differentiate relative risks. NSRs differ from Moody's
global scale ratings in that they are not globally comparable with
the full universe of Moody's rated entities, but only with NSRs
for other rated debt issues and issuers within the same country.
NSRs are designated by a ".nn" country modifier signifying the
relevant country, as in ".ru" for Russia. For further information
on Moody's approach to national scale ratings, please refer to
Moody's Rating Implementation Guidance published in August 2010
entitled "Mapping Moody's National Scale Ratings to Global Scale
Ratings."
About Moody's and Moody's Interfax
Moody's Interfax Rating Agency specializes in credit risk analysis
in Russia. MIRA is controlled by Moody's Investors Service, a
leading provider of credit ratings, research and analysis covering
debt instruments and securities in the global capital markets.
Moody's Investors Service is a subsidiary of Moody's Corporation.
=============
U K R A I N E
=============
* CITY OF KYIV: Moody's Assigns '(P)B2' Rating on Loan Notes
------------------------------------------------------------
Moody's Investors Service has assigned a provisional (P) B2 long-
term foreign-currency senior unsecured debt rating to the
forthcoming loan participation notes of the City of Kyiv to be
launched by the end of June 2011. The outlook on the (P) B2 rating
is stable.
Moody's understands that the issuance size will not exceed US$300
million and that the notes' maturity will be between three to five
years. The notes will be issued on a limited-recourse basis by
Kyiv Finance Plc, a UK-based special-purpose vehicle, for the sole
purpose of funding a loan to Kyiv.
Moody's issues provisional ratings in advance of the final sale of
securities and these ratings reflect Moody's preliminary credit
opinion regarding the transaction only. Upon a conclusive review
of the final documentation, Moody's will endeavor to assign a
definitive rating to the notes. A definitive rating may differ
from a provisional rating.
Ratings Rationale
Moody's says that the (P) B2 rating assigned to these senior
unsecured notes is based on the fundamental credit quality of the
underlying obligor -- the City of Kyiv (B2, stable) -- both in
local and foreign currencies.
The city's ratings reflect (i) its weak operating margins,
pressured by volatile own-source budget revenue due to the
instability of the Ukrainian economy; (ii) low flexibility on both
revenue and expenditure sides of the city's budget; (iii) the
city's weak liquidity position; and (iv) foreign-currency risks
inherent in the city's debt profile.
These factors are partially offset by the city's (i) moderate debt
burden; (ii) improving relationships with the central government,
which is important given the administrative and financial linkages
between the city and the sovereign; and (iii) some improvement in
the city's tax revenue stream on the back of the nationwide
economic recovery in 2010-11. Moody's notes that as Kyiv's new
LPNs mainly aim to refinance the forthcoming redemption of the
city's existing LPNs, the city's debt exposure will not materially
exceed current levels.
This announcement is issued on the senior unsecured debt of Kyiv
City as a whole and provides relevant regulatory disclosures in
relation to each particular Rating Action for subsequently issued
bonds or notes of the same category of debt for which the Credit
Ratings are derived. For further information on any such
subsequently issued bonds or notes, please see the Ratings tab on
the issuer page on Moodys.com.
The principal methodologies used in this rating were Regional and
Local Governments Outside the US published in May 2008, and The
Application of Joint-Default Analysis to Regional and Local
Governments published in December 2008.
The City of Kyiv accounts for approximately 18% of national GDP
and less than 6% of the population, which testifies to a very high
value-added contribution in the Ukrainian context. The city has a
diversified economy and is the focal point for domestic and
foreign investment.
===========================
U N I T E D K I N G D O M
===========================
FCE BANK: Moody's Assigns Ratings to Globaldrive Notes
------------------------------------------------------
Moody's Investors Service has assigned these definitive ratings to
the notes issued by Globaldrive Auto Receivables 2011-A B.V.
-- EUR476.600M Class A Floating Rate Notes due 2019 Notes,
Assigned Aaa (sf)
-- EUR31.800M Class B Floating Rate Notes due 2019 Notes,
Assigned Aa3 (sf)
Ratings Rationale
The transaction is a static cash securitization of auto loans
extended to obligors in Germany by the German branch of FCE Bank
plc (Ba2/NP) ultimately owned by Ford Motor Company (Ba2). This
public securitization continues the series of Globaldrive
transactions sponsored by FCE Bank plc.
The portfolio of underlying assets consists of auto loans
distributed through Ford group auto dealers. These loans finance
new cars (80.1%), pre-registered and ex-demonstration vehicles
(15.9%), and used cars (4.0%) to private and commercial customers.
As of May 31, 2011 the portfolio consists of 49,354 contracts with
a weighted average seasoning of 10 months and outstanding balance
of approximately EUR536 million.
According to Moody's, the ratings take into account, among other
factors, the strong liquidity mechanism provided by the liquidity
reserve in an amount of 3.4% of the initial rated notes balance,
which covers 12 months of senior expenses and interest on the
notes. The liquidity reserve, which does not amortize over time,
serves not only as a liquidity cushion to the transaction if
certain servicer disruptions were to occur, but also as credit
enhancement to cover losses on the notes at the final payment date
of the transaction.
Risks related to the fact that FCE Bank as servicer is rated non-
investment grade (Ba2/NP) have been taken into consideration by
the following structural mechanisms: (i) initial commingling
reserve at closing, (ii) additional commingling reserve funded in
January 2014 to reflect the expected portfolio repayment schedule
(iii) sweep of collections within two business days to the SPV's
account, (iv) a separate cash manager, (v) a back-up servicer
facilitator, and (vi) the liquidity reserve in place and sized to
potentially cover 12 months of senior fees and coupons on the
notes. In addition, Moody's assumed an additional stress on the
loss rate assumptions to take into account additional borrower
defaults following a hypothetical insolvency filing scenario. A
back-up servicer has not been appointed at closing, but in case of
a servicer disruption, the independent cash manager is in a
position to pay fees and interest on the notes from the available
liquidity reserve.
Moody's analysis focused, amongst other factors, on (i) an
evaluation of the underlying portfolio of loans; (ii) historical
performance information of the total book and past ABS
transactions; (iii) the credit enhancement provided by
subordination and the reserve fund; (iv) the liquidity support
available in the transaction by way of the reserve fund.
Moody's assumed a mean loss rate (before ancillary recoveries) of
3.2% for the securitized pool. A coefficient of variation of 50.0%
is used as the other main input for Moody's cash flow model
ABSROM.
The transaction V Score is overall "Medium", in large part driven
by a higher uncertainty with regard to specific risks of the
balloons which represent a large portion of the portfolio and the
fact that there is no back-up servicer in place at close for this
non-investment grade originator. V Scores are a relative
assessment of the quality of available credit information and of
the degree of dependence on various assumptions used in
determining the rating. The V Score has been assigned in
accordance with the report "V Scores and Parameter Sensitivities
in the Non-U.S. Vehicles ABS Sector", published in January 2009.
The principal methodology used in this rating was Moody's Approach
to Rating European Auto ABS, published in November 2002. The
Lognormal Method Applied to ABS Analysis, published in July 2000
was also used in this rating.
Moody's Investors Service did not receive or take into account a
third party due diligence report on the underlying assets or
financial instruments in this transaction.
The ratings address the expected loss posed to investors by the
legal final maturity of the notes. In Moody's opinion, the
structure allows for timely payment of interest and ultimate
payment of principal with respect to the Class A notes and Class B
notes by legal final maturity. Moody's ratings address only the
credit risks associated with the transaction. Other non-credit
risks have not been addressed but may have a significant effect on
yield to investors.
Moody's used its excel based cash-flow model Moody's ABSROM(TM) as
part of its quantitative analysis of the transaction. Moody's
ABSROM(TM) model enables users to model various features of a
standard European ABS transaction -- including the specifics of
the default distribution of the assets, their portfolio
amortization profile, yield, as well as the specific priority of
payments, swaps and reserve funds on the liability side of the ABS
structure. Moody's ABSROM(TM) User Guide, available on Moody's Web
site, covers the functionality of the model and provides a
comprehensive index of the user inputs and outputs.
Loss rate and recovery rate are two key inputs in rating auto ABS.
Parameter sensitivities to these inputs have been tested in the
following manner: Moody's tested nine scenarios derived from the
combination of mean loss: 3.2% (base case), 3.6% (base case
+0.4%), 4.0% (base case +0.8%) and ancillary recoveries: 15% (base
case), 10% (base case -5%), 5% (base case -10%). The model outputs
for Class A under these scenarios vary from Aaa (base case) to Aa2
(2 notches lower where the loss rate is 4.0% and the recovery is
5%). The Class B outputs under these scenarios vary from Aa3 to A3
(3 notches lower where the loss rate is 4.0% and the recovery is
5%). Parameter sensitivities provide a quantitative/model-
indicated calculation of the number of notches that a Moody's-
rated structured finance security may vary if certain input
parameters used in the initial rating process differed. The
analysis assumes that the deal has not aged. It is not intended to
measure how the rating of the security might migrate over time,
but rather, how the initial model output of the security might
have differed if the two parameters within a given sector that
have the greatest rating impact were varied.
Moody's assigned provisional ratings on May 27, 2011.
FOCUS (DIY): To Close Benfleet Branch, Axes 23 Jobs
---------------------------------------------------
Echo reports that Focus (DIY) branch in Rushbottom Lane, Benfleet,
will close after administrators could not find a buyer for the
store. The store will make 23 jobs redundant, according to Echo.
Echo notes that all of the stock at the store is being sold off at
discounts of 50%, 60% and even 70% while stocks last.
As reported in the Troubled Company Reporter-Europe on May 10,
2011, H&V News related that Focus DIY fell into administration.
Ernst & Young, who were appointed as administrator, said that they
are looking for a buyer for the company's stores, which continue
to trade as normal, according to H&V News. According to a
separate TCR-EUR report on May 27, 2011, The Independent related
that 3,000 jobs are set to be lost after administrators failed to
find a buyer for the chain. Guardian noted that Liverpool
discount retail chain B&M Bargains has acquired 11 stores from
joint administrators for an undisclosed sum, safeguarding more
than 200 jobs in the process. The report said that B&Q owner
Kingfisher bought 31 outlets for GBP23 million; while builders'
merchant Travis Perkins, the owner of home improvement business
Wickes, bought 13 properties for GBP8.4 million. However, The
Independent disclosed that administrators said it has not been
possible to find a buyer for the Focus DIY group as a whole.
Focus (DIY) was founded by Bill Archer in 1987, with six stores in
the Midlands and the north of England. The company now has 178
stores in England, Scotland and Wales, and employs more than 3,900
staff.
HALDANES STORES: Kirkby Supermarket Shuts, Axes 22 Jobs
-------------------------------------------------------
Chad News reports that the staff of Kirkby supermarket is now out
of work, less than a week after being told the Haldanes Stores
firm had gone into administration.
Twenty-two workers at the Kirby Station Road store are among 500
across the country facing redundancy after a letter was sent to
branch managers warning they would cease to trade after the close
of business, according to Chad News.
Chad News notes that the staff will be paid in full from June 16
to 19, but they will have to claim their outstanding wages,
holiday pay and statutory notice from the government. Full
receipt of payment can take up to three months.
As reported in the Troubled Company Reporter-Europe on June 13,
2011, Retail Gazette said Haldanes Stores Chief Executive Officer
Arthur Harris confirmed that the retailer is to go into
administration. Retail Gazette related that Haldanes has
officially started legal proceedings against The Co-operative
Group over the purchase of stores following the mutual's takeover
of Somerfield in 2008. The dispute over the dispute has been
named as the major factor behind the fall into administration, as
Haldanes claims that Co-op breached the terms of their agreement
by misrepresenting the trading levels of the outlets it took on,
according to Retail Gazette.
Grocery store group Haldanes Stores has 26 outlets in United
Kingdom.
KERLING PLC: S&P Affirms 'B' Corp. Credit Rating; Outlook Stable
----------------------------------------------------------------
Standard & Poor's Rating Services affirmed its 'B' long-term
corporate credit rating on U.K.-based polyvinyl chloride (PVC)
producer Kerling PLC. "At the same time, we assigned a 'B' issue
rating and a '3' recovery rating to a proposed EUR75
million issue of senior secured loan notes," S&P said.
The rating affirmation follows the announcement of a EUR113
million acquisition of the PVC assets of Belgium-based
Tessenderloo Chemie (unrated), subject to regulatory approval. "It
reflects our expectation that the acquisition is likely to have
little impact on Kerling's credit metrics. The acquisition
price is small compared with Kerling's existing net financial debt
of about EUR850 million at end-March 2011 (EUR1.07 billion when
fully adjusted, notably for a EUR0.2 billion pension deficit).
Although the transaction is debt funded, the multiple paid is low
(at 4.4x last-12-month EBITDA) and similar to Kerling's own net
financial debt to EBITDA ratio of 4.2x," S&P stated.
"From a business point of view, we see the acquisition as largely
neutral: it will lift Kerling's European market share to about
30%; but the acquired assets are less profitable and much more
cyclical than Kerling's existing assets. Tessenderloo Chemie's PVC
activities have relatively significant sales (last-12-month sales
of EUR605 million compared with Kerling's EUR2.1 billion). Capital
spending may be necessary if regulatory deadlines require one of
the acquired plants to undergo conversion from mercury to membrane
technology by 2015," S&P related.
The rating on Kerling, Europe's No. 1 producer of PVC and No. 2
caustic soda merchant, reflects its "highly leveraged" financial
profile and "fair" business risk profile. Key weaknesses include
its high leverage, intercompany dealings with sister-company Ineos
Group Holdings (B-/Stable/--), and significant cyclicality in the
European PVC industry. Other risk factors include exposure to
recent sharp rises in raw material costs and limited near-term
free cash flow given still subdued European construction markets.
Regulatory requirements to convert some mercury-based plants to
membrane technology could also lead to a significant rise in
medium-term capital spending, although the company may obtain an
extension of the deadline. These negative factors are mitigated by
Kerling's low-cost position, some diversity provided by its
enterprises unit (18% of 2010 group EBITDA of EUR201 million),
materially better-than-peer EBITDA resilience in the 2009-2011
low-cycle environment, strong regional market position, long-term
debt profile, and adequate liquidity. Finally, EBITDA could rise
significantly if construction markets see a more substantial
recovery in 2012-2013.
The stable outlook reflects the still challenging European PVC
environment, and S&P's expectation that Kerling's adjusted ratio
of funds from operations to debt will stay at or above 10% in
2011.
PEPPER POST: Chances of Emerging from Insolvency Slim
-----------------------------------------------------
George Bevir at broadcastnow.co.uk reports that facility bosses
believe the chances of Pepper Post Production Ltd. emerging from
insolvent liquidation as a going concern are "slim to none," with
rivals seemingly keen to take on kit and staff from the Soho
facility.
According to the report, the company's 40-50 staff were locked out
of the facility's premises earlier this month after parent company
Future Film Group decided to exit the sector, citing market
conditions.
broadcastnow.co.uk relates that Stephen Katz, of London-based
insolvency firm David Rubin & Partners, said the likelihood of the
facility surviving would not be known until a sales memorandum
containing details of finances, clientele, order book, domains,
IPR and work in progress had been sent to interested parties on
June 17.
He declined to comment on which companies had expressed an
interest in the facility, adding that a creditors' meeting will
take place on June 29, broadcastnow.co.uk says.
broadcastnow.co.uk notes that all post work at Pepper has ceased
and the insolvency firm is attempting to pass on work in progress
to other post facilities.
Less than a year ago, broadcastnow.co.uk recounts, Future Films
pledged to invest GBP1 million in Pepper after acquiring the
business and assets of the Soho firm in a pre-pack administration
deal.
Geoffrey Lambert Carton-Kelly and Simon Bower of Baker Tilly
Restructuring and Recovery LLP were appointed joint administrators
of Pepper Post Production Ltd. on July 2, 2008.
SOUTHERN CROSS: Magic Circle Rivals Secure Rescue Package
---------------------------------------------------------
The Lawyer reports that Clifford Chance, Eversheds, Freshfields
Bruckhaus Deringer and Lovells have all scooped roles to help
Southern Cross Healthcare secure a rescue package that will
prevent it from going into administration.
The Lawyer notes that Freshfields?partners Simon Johnson and Adam
Gallagher are acting for Capita Asset Services, the special
servicer to the GBP1.2 billion of debt owed by Southern Cross'
largest landlord NHP. The Lawyer relates that approximately
GBP630 million of the most senior debt has been securitized and as
a result Capita Assets has essentially stepped into NHP's lenders'
shoes.
Meanwhile, The Lawyer says that magic circle rival Clifford Chance
is acting for Southern Cross led by partner Nicholas Frome.
NHP is being advised by Eversheds insolvency partner Paul de la
Pena, according to The Lawyer. The report relates that Lovells
restructuring partner Stephen Foster, meanwhile, is acting for
Southern Cross's lenders, which include Barclays and Lloyds.
The Lawyer discloses that Southern Cross's financial woes have
already resulted in the group announcing 3,000 job losses, taking
staff numbers from 44,000 to 41,000 by October 2011. Southern
Cross's landlords committee, which has drafted in restructuring-
specialist AlixPartners, had agreed to a reduction in rent, The
Lawyer relates. The landlords committee is being advised by
Linklaters financing partner David Ereira.
As reported by the Troubled Company Reporter-Europe on May 17,
2011, The Sunday Telegraph said that Southern Cross told investors
that the company had asked landlords to reduce its rent bill by
30% over the next four months so that a longer-term deal can be
agreed. It also said landlords had agreed to form an official
committee to conduct talks with Southern Cross, which will be
chaired by Daniel Smith of Grant Thornton and has the support of
NHP, the biggest landlord, The Sunday Telegraph disclosed.
Southern Cross is battling to survive as it struggles under the
burden of a GBP250 million annual rent bill and local authorities
paying it lower fees to look after patients, according to The
Sunday Telegraph.
Southern Cross Healthcare provides residential and nursing care to
more than 31,000 residents cared for by 45,000 staff in 750
locations. Its also operates homes that specialize in treating
people with dementia, mental health problems and learning
disabilities.
SVM UK: Set to go Into Voluntary Liquidation
--------------------------------------------
StockMarketWire.com reports that SVM UK Active Fund's board has
been asked to realize the assets in the company's portfolio by the
firm's 93% owner, Cyrun Finance.
Cyrun has asked the board to convene a general meeting as soon as
practicable when voluntary liquidation will be proposed,
StockMarketWire.com says.
Cyrun has stated its intention to vote its holding in favor of the
voluntary liquidation, StockMarketWire.com discloses.
* UNITED KINGDOM: R3 Warns Cold Weather Could Affect Retailers
--------------------------------------------------------------
Insider Media Limited reports that a Yorkshire insolvency
practitioner has warned the cold weather earlier this year could
have drastic consequences for U.K. retailers.
Andrew Walker, of Irwin Mitchell, who is chairman of the R3
insolvency body in Yorkshire, said company administrations often
occur on "quarter day", when rents for commercial property are
traditionally paid, according to Insider Media Limited.
R3 said that a number of retailers have gone into administration
on these days, which fall in March, June, September and December,
over the last three years, the report notes.
Insider Medial Limited relates that Mr. Walker believes that more
businesses could go into administration this month due to the
impact that the extended cold snap had on trading conditions.
"Trading conditions have clearly been extremely tough for many
retailers since 2008 and after hanging on through the worst of the
recession, the heavy snow that we all endured through the winter
could well turn out to be the straw that breaks the camel's back,"
Insider Media Limited quoted Mr. Walker as saying. "A lot of
firms would have drawn together the last of their resources to
make it past the March payment date, but with little obvious
improvement in sales over the last three months, we could be about
to see another swathe of retailers reaching the end of the road
when the quarterly rental payments fall due," he added.
===============
X X X X X X X X
===============
* Large Companies with Insolvent Balance Sheets
-----------------------------------------------
Total
Shareholders Total
Equity Assets
Company Ticker (US$) (US$)
------- ------ ------ ------
AUSTRIA
-------
CHRIST WATER TEC CWT PZ -5754285.054 165995618.1
CHRIST WATER TEC CWT EU -5754285.054 165995618.1
CHRIST WATER TEC CWT EO -5754285.054 165995618.1
CHRIST WATER TEC CWT AV -5754285.054 165995618.1
CHRIST WATER TEC CRSWF US -5754285.054 165995618.1
CHRIST WATER TEC 8131204Q GR -5754285.054 165995618.1
CHRIST WATER TEC CWTE IX -5754285.054 165995618.1
CHRIST WATER-ADR CRSWY US -5754285.054 165995618.1
KA FINANZ AG 3730Z AV -359597349.9 30679270533
BELGIUM
-------
ANTWERP GATEWAY 496769Z BB -32782691.86 277992457.9
BALTA SARL 3679528Z BB -213655263.9 956320938.3
BNP PARIBAS PERS 3746820Z BB -772235.6749 1849392464
CARGILL OIL PACK 3726474Z BB -7488366.268 169328054
COMPAGIMMOBDU BR 3727538Z BB -5867835.156 164809982.4
EON BELGIUM NV 3730258Z BB -8101077.851 251156828.9
ESKO-GRAPHICS NV 4787937Z BB -6715619.333 185307390
EXPLORER NV 4289181Z BB -11594573.86 281605390.1
FINANCIETOREN NV 3729210Z BB -51909129.52 888377024.7
IRUS ZWEIBRUCKEN 3738979Z BB -17020632.96 106188034.9
KIA MOTORS BELGI 3729658Z BB -84207043.53 162372182.7
KOREAN MOTOR CO 4161341Z BB -6368236.209 149093852.6
LE FOYER BRUXELL 3729226Z BB -2010007.275 146190935.1
PETROPLUS REFINI 3431339Z BB -4108700.351 123751460.5
SAPPI EUROPE SA 3732894Z BB -134605597.7 160456915
SCARLET BELGIUM 4171157Z BB -28951978.94 137456538.4
SCARLETT BUSINES 3724850Z BB -71847152.77 130053838
SOCIETE NATIONAL 3726762Z BB -39045394.16 506987115.6
ST GOBAIN SEKURI 3737571Z BB -5584181.048 111065610.4
TI GROUP AUTOMOT 3903298Z BB -42078648.86 140322030.3
UNIVERSAL MUSIC 3738307Z BB -12191533.66 143700285.8
CYPRUS
------
LIBRA HOLIDA-RTS LBR CY -39648682.41 209021322.6
LIBRA HOLIDA-RTS LGWR CY -39648682.41 209021322.6
LIBRA HOLIDAY-RT 3167808Z CY -39648682.41 209021322.6
LIBRA HOLIDAYS LHGR CY -39648682.41 209021322.6
LIBRA HOLIDAYS LHGCYP EO -39648682.41 209021322.6
LIBRA HOLIDAYS LHGCYP EU -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG CY -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG EU -39648682.41 209021322.6
LIBRA HOLIDAYS G LHG EO -39648682.41 209021322.6
LIBRA HOLIDAYS-P LBHG PZ -39648682.41 209021322.6
LIBRA HOLIDAYS-P LBHG CY -39648682.41 209021322.6
CZECH REPUBLIC
--------------
CKD PRAHA HLDG CDP EX -89435858.16 192305153
CKD PRAHA HLDG CKDH CP -89435858.16 192305153
CKD PRAHA HLDG 297687Q GR -89435858.16 192305153
CKD PRAHA HLDG CKDH US -89435858.16 192305153
CKD PRAHA HLDG CKDPF US -89435858.16 192305153
CSA AS 1000Z CP -127978073.4 432492914
DENMARK
-------
AB-B NEW ABBN DC -101428498.9 298588010.2
AKADEMISK BOLDK ABB DC -101428498.9 298588010.2
BRIGHTPOINT EURO 4506883Z DC -18616347.98 189113937.7
CARLSBERG IT A/S 4503891Z DC -47250912.74 105417004.1
GREEN WIND ENERG G7W1 GR -11320362.72 176234029.6
GREEN WIND ENERG GWEUR EU -11320362.72 176234029.6
GREEN WIND ENERG GW EU -11320362.72 176234029.6
GREEN WIND ENERG GWEUR EO -11320362.72 176234029.6
GREEN WIND ENERG GW BY -11320362.72 176234029.6
GREEN WIND ENERG GW EO -11320362.72 176234029.6
GREEN WIND ENERG GW DC -11320362.72 176234029.6
GREEN WIND ENERG GW PZ -11320362.72 176234029.6
GREEN WIND ENERG G7W GR -11320362.72 176234029.6
HOLDINGSELSKABET BOHC IX -11320362.72 176234029.6
HOLDINGSELSKABET BODIL DC -11320362.72 176234029.6
ISS GLOBAL A/S 241863Z DC -9544026.554 7765217403
LAURITZEN TANKER 3979732Z DC -4428758.299 209128194.8
NATURGAS FYN DIS 3984844Z DC -2862743.662 194651527
NESTLE DANMARK A 3896690Z DC -31272771.75 160779148
OBTEC OBT DC -17033505.31 153701216.6
OBTEC OBTEC DC -17033505.31 153701216.6
OBTEC-NEW SHARES OBTECN DC -17033505.31 153701216.6
OBTEC-OLD OBTN DC -17033505.31 153701216.6
ORESUNDSBRO KONS 1015Z SS -583944155.3 3614975702
OSTERFALLEDPARKE 3985676Z DC -26063679.19 302533679.4
OW SUPPLY & TRAD 3986892Z DC -4299263.6 165798948.6
REITAN SERVICEHA 3984284Z DC -1371178.576 127192706
ROSKILDE BANK ROSK EU -532868840.9 7876687324
ROSKILDE BANK ROSK EO -532868840.9 7876687324
ROSKILDE BANK ROSK DC -532868840.9 7876687324
ROSKILDE BANK ROSKF US -532868840.9 7876687324
ROSKILDE BANK ROSBF US -532868840.9 7876687324
ROSKILDE BANK RKI GR -532868840.9 7876687324
ROSKILDE BANK RSKC IX -532868840.9 7876687324
ROSKILDE BANK ROSK PZ -532868840.9 7876687324
ROSKILDE BANK-RT 916603Q DC -532868840.9 7876687324
ROSKILDE BAN-NEW ROSKN DC -532868840.9 7876687324
ROSKILDE BAN-RTS ROSKT DC -532868840.9 7876687324
SCANDINAVIAN BRA SBS1 EU -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1 BY -17033505.31 153701216.6
SCANDINAVIAN BRA SBSD PZ -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1EUR EU -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1EUR EO -17033505.31 153701216.6
SCANDINAVIAN BRA SBS DC -17033505.31 153701216.6
SCANDINAVIAN BRA SBSC IX -17033505.31 153701216.6
SCANDINAVIAN BRA SBS1 EO -17033505.31 153701216.6
SCHAUMANN PROP SCHAU EO -101428498.9 298588010.2
SCHAUMANN PROP SCHAUEUR EU -101428498.9 298588010.2
SCHAUMANN PROP SCHAUP EU -101428498.9 298588010.2
SCHAUMANN PROP SCHAUEUR EO -101428498.9 298588010.2
SCHAUMANN PROP SCHAU BY -101428498.9 298588010.2
SCHAUMANN PROP SCHAUP DC -101428498.9 298588010.2
SCHAUMANN PROP SCHAU EU -101428498.9 298588010.2
SCHAUMANN PROP SCHAUP PZ -101428498.9 298588010.2
THOMAS COOK AIRL 3898802Z DC -7865159.883 245287857.5
FRANCE
------
3 SUISSES FRANCE 4724713Z FP -151969329.6 262408720
ACERINOX FRANCE 4748633Z FP -4970414.587 106673210.6
AIR COMMAND SYST 4470055Z FP -6291815.312 178932425.9
AIRCELLE 61830Q FP -482411082.6 1055907987
AKERYS SERVICES 4685937Z FP -8561729.525 141611798.1
ALCATEL-LUCENT E 3642975Z FP -46648079.19 510672247.2
ALCATEL-LUCENT F 3647063Z FP -566942548.5 4810123614
AL-KHATTIYA LEAS 4783713Z FP -8522159.06 132815959.7
ALUMINIUM PECHIN 3650903Z FP -555865265.6 1121216347
ARIANESPACE 211530Z FP -51743991.45 3354710780
ARVINMERITOR CVS 4783681Z FP -37407842.42 114987020.9
ATARI IFOE PZ -10078799.92 116178599
ATARI EUROPE SAS 4503835Z FP -98950211.55 135876466.5
ATARI SA ATANV FP -10078799.92 116178599
ATARI SA ATA EB -10078799.92 116178599
ATARI SA ATA TQ -10078799.92 116178599
ATARI SA IFGA TH -10078799.92 116178599
ATARI SA ATA QM -10078799.92 116178599
ATARI SA ATA EO -10078799.92 116178599
ATARI SA ATA EU -10078799.92 116178599
ATARI SA ATA FP -10078799.92 116178599
ATARI SA ATA S1 -10078799.92 116178599
ATARI SA ATA PZ -10078799.92 116178599
ATARI SA IFGA GR -10078799.92 116178599
ATARI SA ATA BQ -10078799.92 116178599
ATARI-NEW 3715502Q FP -10078799.92 116178599
AUTOMOBILES CITR 3648863Z FP -298695778.9 1879542934
BELVEDERE - RTS 554451Q FP -242409144.5 831869150.8
BELVEDERE - RTS 702036Q FP -242409144.5 831869150.8
BELVEDERE SA BED GR -242409144.5 831869150.8
BELVEDERE SA BVDRF US -242409144.5 831869150.8
BELVEDERE SA BVD EU -242409144.5 831869150.8
BELVEDERE SA BELV NM -242409144.5 831869150.8
BELVEDERE SA BELV FP -242409144.5 831869150.8
BELVEDERE SA BVD PZ -242409144.5 831869150.8
BELVEDERE SA BVD S1 -242409144.5 831869150.8
BELVEDERE SA BEVD IX -242409144.5 831869150.8
BELVEDERE SA BVD FP -242409144.5 831869150.8
BELVEDERE SA BED TH -242409144.5 831869150.8
BELVEDERE SA BVD EO -242409144.5 831869150.8
BELVEDERE SA-NEW BVDNV FP -242409144.5 831869150.8
BELVEDERE SA-NEW 946529Q FP -242409144.5 831869150.8
BELVEDERE SA-NEW 8198283Q FP -242409144.5 831869150.8
BELVEDERE SA-RTS BVDDS FP -242409144.5 831869150.8
BLUESTAR SILICON 4684089Z FP -44931214.32 388699826.4
CADES 211430Z FP -1.32E+11 9983888303
CARREFOUR HYPERM 3897338Z FP -419813693 4772178623
CARREFOUR IMPORT 4519455Z FP -41015523.06 355888577.4
CARRERE GROUP CARF PZ -9829531.944 279906700
CARRERE GROUP CAR FP -9829531.944 279906700
CARRERE GROUP CAR2 EO -9829531.944 279906700
CARRERE GROUP XRR GR -9829531.944 279906700
CARRERE GROUP CRRHF US -9829531.944 279906700
CARRERE GROUP CARG FP -9829531.944 279906700
CARRERE GROUP CRGP IX -9829531.944 279906700
CARRERE GROUP CAR2 EU -9829531.944 279906700
CDISCOUNT 4690913Z FP -92485.81144 331210839.3
CELINE SA 3636031Z FP -6546413.145 108306445
CMA CGM AGENCES 4746849Z FP -7380117.985 187789703.7
CO PETROCHIMIQUE 4682369Z FP -79561628.19 444321642.5
COMPAGNIE IMMOBI CIMB S1 -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB EU -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB EO -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB FP -18851260.64 237751743.8
COMPAGNIE IMMOBI CIMB PZ -18851260.64 237751743.8
CONSTRUCTIONS ME 4513671Z FP -52488041.58 342215596.8
CSF 3635887Z FP -66127486.72 3311857250
EADS SECA 4706441Z FP -38679556.91 142045208.8
EDENRED EDNMF US -1395452285 5596512266
EDENRED EDEN S1 -1395452285 5596512266
EDENRED EDEN IX -1395452285 5596512266
EDENRED EDEN EO -1395452285 5596512266
EDENRED EDEN QM -1395452285 5596512266
EDENRED QSV TH -1395452285 5596512266
EDENRED EDEN TQ -1395452285 5596512266
EDENRED EDEN EU -1395452285 5596512266
EDENRED EDEN BQ -1395452285 5596512266
EDENRED EDENUSD EU -1395452285 5596512266
EDENRED EDENUSD EO -1395452285 5596512266
EDENRED QSV GR -1395452285 5596512266
EDENRED EDEN PZ -1395452285 5596512266
EDENRED EDEN EB -1395452285 5596512266
EDENRED EDEN FP -1395452285 5596512266
EDF EN FRANCE 4686529Z FP -4085423.459 508820792.6
EMPAIN GRAHAM DV EMGD FP -18851260.64 237751743.8
FAURECIA SIEGES 4516727Z FP -107383922 418368440.6
FRANFINANCE LOCA 4689993Z FP -69780982.12 1638852912
GCE CAR LEASE 4702065Z FP -15076730.52 127403745.1
GROUPE PROGRES S 4734137Z FP -165060841.9 123458910.5
HP ENTREPRISE SE 4698081Z FP -97546439.37 116383810.4
HUREL-DUBOIS HDUN FP -482411082.6 1055907987
I BASE 757542Z FP -11937366.64 400192956.6
INFOGRAMES - REG IFG EU -10078799.92 116178599
INFOGRAMES - REG IFG FP -10078799.92 116178599
INFOGRAMES - REG IFG TQ -10078799.92 116178599
INFOGRAMES - REG IFG EO -10078799.92 116178599
INFOGRAMES - REG IFOE IX -10078799.92 116178599
INFOGRAMES E-NEW IFGN FP -10078799.92 116178599
INFOGRAMES ENT IFGNR FP -10078799.92 116178599
INFOGRAMES ENT 2986980Q EU -10078799.92 116178599
INFOGRAMES ENT IFG GR -10078799.92 116178599
INFOGRAMES ENT 2986984Q EO -10078799.92 116178599
INFOGRAMES ENT IFGEF US -10078799.92 116178599
INFOGRAMES ENT IFG PZ -10078799.92 116178599
INFOGRAMES ENT IFOY IX -10078799.92 116178599
INFOGRAMES ENTMT IFGRF US -10078799.92 116178599
INFOGRAMES ENTMT IFG VX -10078799.92 116178599
INFOGRAMES- RTS IFGDS FP -10078799.92 116178599
INFOGRAMES-NEW IFGNV FP -10078799.92 116178599
INFOGRAMES-RTS 3133246Q FP -10078799.92 116178599
ING LEASE FRANCE 4699881Z FP -37113844.73 449284947.7
ISOCHEM SA 3540732Z FP -9354435.203 103629611.4
ITM REGION PARIS 4681817Z FP -55189016.54 164350503.2
JACQUOT ET CO 4721473Z FP -25605144.44 101591294.6
JTEKT AUTOMOTIVE 4504595Z FP -3346144.849 163732017.6
JTEKT AUTOMOTIVE 4505819Z FP -14610384.74 211911630
JUNGHEINRICH FIN 4635025Z FP -25640222.02 213268780.2
KEOLIS LYON 4745585Z FP -38514248.01 123798829.1
LABORDE GESTION 4518583Z FP -29334260.26 113954857.8
LENOVO FRANCE SA 4710049Z FP -1944677.438 137134536.2
MECACORP 3248019Z FP -11233087.25 215393216
MILLIMAGES 8131905Q FP -1006050.249 113454378.9
MILLIMAGES MG6 GR -1006050.249 113454378.9
MILLIMAGES MIL FP -1006050.249 113454378.9
MILLIMAGES MIL S1 -1006050.249 113454378.9
MILLIMAGES MIL1 PZ -1006050.249 113454378.9
MILLIMAGES MILI FP -1006050.249 113454378.9
MILLIMAGES MIL1 EU -1006050.249 113454378.9
MILLIMAGES MLIGF US -1006050.249 113454378.9
MILLIMAGES MLMG IX -1006050.249 113454378.9
MILLIMAGES MIL1 EO -1006050.249 113454378.9
MILLIMAGES MILF PZ -1006050.249 113454378.9
MILLIMAGES - RTS MILDS FP -1006050.249 113454378.9
MILLIMAGES-RTS 760037Q FP -1006050.249 113454378.9
MVCI HOLIDAYS FR 4524959Z FP -112193151.3 233381369.4
NESTLE WATERS SU 3634887Z FP -100198554 212766860.3
NESTLE WATERS SU 3634879Z FP -166540192.4 357871830.8
NEXANS COPPER FR 4744809Z FP -17792261.14 230912236.6
NORDEX FRANCE SA 4521679Z FP -6460150.538 206115454.1
NOVELIS FOIL FRA 4678593Z FP -7951381.035 121719315.4
NOVEXEL SA 504169Z FP -362303.7226 107272250.4
NRJ 12 4681713Z FP -26021206.57 110030743.5
OROSDI OROS FP -35006822.54 151870593.9
OROSDI OROS S1 -35006822.54 151870593.9
OROSDI OROS EU -35006822.54 151870593.9
OROSDI OROS PZ -35006822.54 151870593.9
OROSDI OROS EO -35006822.54 151870593.9
OROSDI-BACK BACK IX -35006822.54 151870593.9
OROSDI-BACK ORBA FP -35006822.54 151870593.9
PAGESJAUNES GRP PAJ TQ -2879375517 1159140984
PAGESJAUNES GRP PAJ LI -2879375517 1159140984
PAGESJAUNES GRP QS3 TH -2879375517 1159140984
PAGESJAUNES GRP PAJ IX -2879375517 1159140984
PAGESJAUNES GRP PAJ NQ -2879375517 1159140984
PAGESJAUNES GRP PAJ VX -2879375517 1159140984
PAGESJAUNES GRP PAJ EO -2879375517 1159140984
PAGESJAUNES GRP PAJUSD EU -2879375517 1159140984
PAGESJAUNES GRP PAJ S1 -2879375517 1159140984
PAGESJAUNES GRP PAJGBX EO -2879375517 1159140984
PAGESJAUNES GRP PAJ PZ -2879375517 1159140984
PAGESJAUNES GRP PAJP IX -2879375517 1159140984
PAGESJAUNES GRP PAJGBX EU -2879375517 1159140984
PAGESJAUNES GRP PAJ BQ -2879375517 1159140984
PAGESJAUNES GRP PAJ EU -2879375517 1159140984
PAGESJAUNES GRP PAJ EB -2879375517 1159140984
PAGESJAUNES GRP PAJ FP -2879375517 1159140984
PAGESJAUNES GRP PAJ QM -2879375517 1159140984
PAGESJAUNES GRP PAJ GK -2879375517 1159140984
PAGESJAUNES GRP QS3 GR -2879375517 1159140984
PAGESJAUNES GRP PAJUSD EO -2879375517 1159140984
PAGESJAUNES GRP PGJUF US -2879375517 1159140984
PAGESJAUNES GRP PAJGBP EO -2879375517 1159140984
PEUGEOT CITROEN 3637183Z FP -268215289.1 319403481.8
PITNEY BOWES 4634633Z FP -11785422.82 184422748.8
REGICOM SAS 4507595Z FP -6588558.571 118746498.2
REGIONAL COMPAGN 3635823Z FP -11262048.65 587139828.4
RESEAU FERRE FRA 224063Z FP -1967529685 70147358617
RHODIA SA RHAGBP EO -381974407.2 6805245174
RHODIA SA RHA QM -381974407.2 6805245174
RHODIA SA RHA TQ -381974407.2 6805245174
RHODIA SA RHA PZ -381974407.2 6805245174
RHODIA SA RHAUSD EU -381974407.2 6805245174
RHODIA SA RHA GK -381974407.2 6805245174
RHODIA SA RHA BQ -381974407.2 6805245174
RHODIA SA RHA EU -381974407.2 6805245174
RHODIA SA 2324011Q EU -381974407.2 6805245174
RHODIA SA RHDI TH -381974407.2 6805245174
RHODIA SA RHANR PZ -381974407.2 6805245174
RHODIA SA 2324015Q EO -381974407.2 6805245174
RHODIA SA RHA S1 -381974407.2 6805245174
RHODIA SA RHADF US -381974407.2 6805245174
RHODIA SA RHA EB -381974407.2 6805245174
RHODIA SA RHA FP -381974407.2 6805245174
RHODIA SA RHD GR -381974407.2 6805245174
RHODIA SA RHAUSD EO -381974407.2 6805245174
RHODIA SA RHA IX -381974407.2 6805245174
RHODIA SA 3218857Q IX -381974407.2 6805245174
RHODIA SA RHAY IX -381974407.2 6805245174
RHODIA SA RHA VX -381974407.2 6805245174
RHODIA SA RHAGBX EO -381974407.2 6805245174
RHODIA SA RHA NQ -381974407.2 6805245174
RHODIA SA RHAGBX EU -381974407.2 6805245174
RHODIA SA RHDAF US -381974407.2 6805245174
RHODIA SA RHA EO -381974407.2 6805245174
RHODIA SA RHDI GR -381974407.2 6805245174
RHODIA SA - NEW RHANV FP -381974407.2 6805245174
RHODIA SA - NEW 3506266Q FP -381974407.2 6805245174
RHODIA SA - NEW 3156011Q FP -381974407.2 6805245174
RHODIA SA - NEW 8125782Q FP -381974407.2 6805245174
RHODIA SA - NEW 2335921Q FP -381974407.2 6805245174
RHODIA SA-ADR RHAYY US -381974407.2 6805245174
RHODIA SA-NON RE RHANR FP -381974407.2 6805245174
RHODIA SA-RIGHTS RHADS FP -381974407.2 6805245174
RHODIA SA-RIGHTS 653447Q FP -381974407.2 6805245174
RL INVEST SAS 4700369Z FP -10116500.7 135799857.9
RODIGUEZ GROUP RGX GR -71997955.94 457127473.1
RODRIGUEZ GROUP ROD PZ -71997955.94 457127473.1
RODRIGUEZ GROUP RRGZF US -71997955.94 457127473.1
RODRIGUEZ GROUP ROD S1 -71997955.94 457127473.1
RODRIGUEZ GROUP ROD FP -71997955.94 457127473.1
RODRIGUEZ GROUP ROD EU -71997955.94 457127473.1
RODRIGUEZ GROUP ROD TQ -71997955.94 457127473.1
RODRIGUEZ GROUP ROD BQ -71997955.94 457127473.1
RODRIGUEZ GROUP ROD EO -71997955.94 457127473.1
RODRIGUEZ GROUP RDGP IX -71997955.94 457127473.1
SANDOZ SAS 3635111Z FP -1282402.54 218147098.3
SHEET ANCHOR FRA 4745417Z FP -16938893.1 192023042.9
SIDEL CONVEYING 4715393Z FP -57759126.57 147204049
SIEMENS VAI META 4634441Z FP -20388005.42 327731000.4
SOBIESKI BVD PW -242409144.5 831869150.8
SOC NICOISE REAL 4749097Z FP -1097320.937 110912358
SOCIETE COMMERCI 4516647Z FP -179862008.2 1576030746
SOCIETE D'AGENCE 4741441Z FP -3996843.897 267209404.9
SOCIETE DE CHAUF 4722937Z FP -4377603.343 122968839.4
STORA ENSO CORBE 4697593Z FP -932413.9939 163080772.7
SU3 SAS 4686497Z FP -11118401.88 105002034
TEAM PARTNER-RTS 633323Q FP -13557467.93 129831049
TEAM PARTNER-RTS 2841653Q FP -13557467.93 129831049
TEAM PARTNERS 2347981Q EU -13557467.93 129831049
TEAM PARTNERS TIP PZ -13557467.93 129831049
TEAM PARTNERS TPTRF US -13557467.93 129831049
TEAM PARTNERS 2347985Q EO -13557467.93 129831049
TEAM PARTNERS TIP FP -13557467.93 129831049
TEAM PARTNERS TPGY IX -13557467.93 129831049
TEAM PARTNERS GR TIPNV FP -13557467.93 129831049
TEAM PARTNERS GR TPGP IX -13557467.93 129831049
TEAM PARTNERS GR TPGP PZ -13557467.93 129831049
TEAM PARTNERS GR TIPA EO -13557467.93 129831049
TEAM PARTNERS GR TIPA FP -13557467.93 129831049
TEAM PARTNERS GR TIPDS FP -13557467.93 129831049
TEAM PARTNERS GR TIPA EU -13557467.93 129831049
TEAM PARTNERS-N TIPN FP -13557467.93 129831049
TEMBEC SAINT-GAU 4505331Z FP -31086610.9 134549191.4
TF1 DROITS AUDIO 4693449Z FP -3474598.563 183868113.7
TF1 VIDEO SASU 4516855Z FP -27543205.52 171163653.7
THALES SECURITY 4701729Z FP -152200107.1 872804574
THYSSENKRUPP SOF 4740929Z FP -18052289.45 299682634.2
TRANSOLVER SERVI 4521279Z FP -42555455.72 222111417.8
TREVES 4722153Z FP -4152264.244 390940679.2
TUILERIES FINANC 4701769Z FP -3956839.937 125936634.2
UCALEASE SA 3635807Z FP -1041989.142 150621028.5
VALEO VISION SAS 4518479Z FP -102634627 273699726.4
VISTEON SYSTEMES 4699177Z FP -88538390.04 275246899.5
YVES ST LAURENT/ 4633025Z FP -82897369.68 390343397.3
GEORGIA
-------
DEVELICA DEUTSCH DDE PG -79827494.88 1139643575
DEVELICA DEUTSCH DDE IX -79827494.88 1139643575
DEVELICA DEUTSCH DDE PZ -79827494.88 1139643575
DEVELICA DEUTSCH D4B GR -79827494.88 1139643575
DEVELICA DEUTSCH DDE LN -79827494.88 1139643575
PEARL HOLDING 3622Z LN -133833007.2 968234065.8
GERMANY
-------
AGOR AG DOOD PZ -482449.8788 144432986.2
AGOR AG DOO GR -482449.8788 144432986.2
AGOR AG NDAGF US -482449.8788 144432986.2
AGOR AG DOO EU -482449.8788 144432986.2
AGOR AG DOO EO -482449.8788 144432986.2
AGOR AG DOO S1 -482449.8788 144432986.2
AGOR AG DOOG IX -482449.8788 144432986.2
AGOR AG-RTS 2301918Z GR -482449.8788 144432986.2
ALNO AG ANO EU -73119134.74 198564619.3
ALNO AG ALNO IX -73119134.74 198564619.3
ALNO AG ANO GR -73119134.74 198564619.3
ALNO AG ANO S1 -73119134.74 198564619.3
ALNO AG ANO EO -73119134.74 198564619.3
ALNO AG ANO PZ -73119134.74 198564619.3
ALNO AG ANO TH -73119134.74 198564619.3
ALNO AG - RTS ANO2 GR -73119134.74 198564619.3
ALNO AG-NEW ANO1 GR -73119134.74 198564619.3
ALNO AG-RTS 4123912Z GR -73119134.74 198564619.3
ALNO AG-RTS 8174351Z GR -73119134.74 198564619.3
ALNO AG-RTS 2259765Z GR -73119134.74 198564619.3
ATRONIC INTERNAT 504688Z GR -30668737.79 163495101.6
CBB HOLDING AG COBG PZ -42994818.04 904723627.8
CBB HOLDING AG COB2 EO -42994818.04 904723627.8
CBB HOLDING AG COBG IX -42994818.04 904723627.8
CBB HOLDING AG COB2 EU -42994818.04 904723627.8
CBB HOLDING AG COB GR -42994818.04 904723627.8
CBB HOLDING AG CUBDF US -42994818.04 904723627.8
CBB HOLDING-NEW COB3 GR -42994818.04 904723627.8
CBB HOLDING-NEW COB1 GR -42994818.04 904723627.8
CBB HOLD-NEW 97 COB2 GR -42994818.04 904723627.8
COGNIS GMBH 575202Z GR -745013993.7 3306935972
COGNIS HOLDING G 635952Z GR -1587896974 2850475613
COMPASS GROUP DE 3896530Z GR -45713969.85 408640427.9
DFS DEUTSCHE FLU 1070Z GR -362698323.5 1370382283
EDOB ABWICKLUNGS ESC BQ -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC PZ -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC EU -22323468.51 425598807.8
EDOB ABWICKLUNGS ESCDF US -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC GR -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC TH -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC EO -22323468.51 425598807.8
EDOB ABWICKLUNGS ESC TQ -22323468.51 425598807.8
ESCADA AG ESCG IX -22323468.51 425598807.8
ESCADA AG -PFD ESC3 GR -22323468.51 425598807.8
ESCADA AG-NEW 3069367Q GR -22323468.51 425598807.8
ESCADA AG-NEW 835345Q GR -22323468.51 425598807.8
ESCADA AG-NEW ESCN GR -22323468.51 425598807.8
ESCADA AG-NEW ESCN EU -22323468.51 425598807.8
ESCADA AG-NEW ESCN EO -22323468.51 425598807.8
ESCADA AG-NEW ESCC GR -22323468.51 425598807.8
ESCADA AG-NEW ESCD GR -22323468.51 425598807.8
ESCADA AG-RTS ESCE GR -22323468.51 425598807.8
ESCADA AG-SP ADR ESCDY US -22323468.51 425598807.8
GENERAL ELECTRIC 4501923Z GR -547318343.8 8720530002
GUENTHER & SOHN GUS GR -9612095.264 130075209
GUENTHER & SOHN GUS PZ -9612095.264 130075209
GUENTHER & SOHN GUS EU -9612095.264 130075209
GUENTHER & SOHN GUS EO -9612095.264 130075209
KABEL DEUTSCHLAN KD8USD EU -2162144517 2994909053
KABEL DEUTSCHLAN KD8GBP EO -2162144517 2994909053
KABEL DEUTSCHLAN KD8 TH -2162144517 2994909053
KABEL DEUTSCHLAN KD8USD EO -2162144517 2994909053
KABEL DEUTSCHLAN KD8 EB -2162144517 2994909053
KABEL DEUTSCHLAN KD8 PZ -2162144517 2994909053
KABEL DEUTSCHLAN KD8 BQ -2162144517 2994909053
KABEL DEUTSCHLAN KD8 IX -2162144517 2994909053
KABEL DEUTSCHLAN KBDHF US -2162144517 2994909053
KABEL DEUTSCHLAN KD8 QM -2162144517 2994909053
KABEL DEUTSCHLAN KD8 EO -2162144517 2994909053
KABEL DEUTSCHLAN KD8 GR -2162144517 2994909053
KABEL DEUTSCHLAN KD8 NR -2162144517 2994909053
KABEL DEUTSCHLAN KD8 TQ -2162144517 2994909053
KABEL DEUTSCHLAN KD8 EU -2162144517 2994909053
KABEL DEUTSCHLAN KD8 S1 -2162144517 2994909053
KABEL DEUTS-CW10 DB7KWG GR -2162144517 2994909053
KAUFRING AG KFR GR -19296489.56 150995473.8
KAUFRING AG KAUG IX -19296489.56 150995473.8
KAUFRING AG KFR EO -19296489.56 150995473.8
KAUFRING AG KFR EU -19296489.56 150995473.8
KAUFRING AG KFR PZ -19296489.56 150995473.8
MAERKLIN 730904Z GR -8321071.921 115821977.5
MANIA TECHNOLOGI MNI GR -35060809.35 107465713.6
MANIA TECHNOLOGI MNI S1 -35060809.35 107465713.6
MANIA TECHNOLOGI MNI NM -35060809.35 107465713.6
MANIA TECHNOLOGI MNI PZ -35060809.35 107465713.6
MANIA TECHNOLOGI 2260970Z GR -35060809.35 107465713.6
MANIA TECHNOLOGI MNIG IX -35060809.35 107465713.6
MANIA TECHNOLOGI MNI TH -35060809.35 107465713.6
MANIA TECHNOLOGI MNI1 EU -35060809.35 107465713.6
MANIA TECHNOLOGI MIAVF US -35060809.35 107465713.6
MANIA TECHNOLOGI MNI1 EO -35060809.35 107465713.6
MATERNUS KLINI-N MAK1 GR -15243503.87 167434744.6
MATERNUS-KLINIKE MAKG IX -15243503.87 167434744.6
MATERNUS-KLINIKE MAK TH -15243503.87 167434744.6
MATERNUS-KLINIKE MAK S1 -15243503.87 167434744.6
MATERNUS-KLINIKE MAK GR -15243503.87 167434744.6
MATERNUS-KLINIKE MAK EO -15243503.87 167434744.6
MATERNUS-KLINIKE MNUKF US -15243503.87 167434744.6
MATERNUS-KLINIKE MAK PZ -15243503.87 167434744.6
MATERNUS-KLINIKE MAK EU -15243503.87 167434744.6
NORDAG AG DOO1 GR -482449.8788 144432986.2
NORDAG AG-PFD DOO3 GR -482449.8788 144432986.2
NORDAG AG-RTS DOO8 GR -482449.8788 144432986.2
NORDSEE AG 533061Q GR -8200551.142 194616922.6
PRIMACOM AG PRC2 GR -18656751.16 610380925.7
PRIMACOM AG PCAGF US -18656751.16 610380925.7
PRIMACOM AG PRCG PZ -18656751.16 610380925.7
PRIMACOM AG PRC NM -18656751.16 610380925.7
PRIMACOM AG PRC S1 -18656751.16 610380925.7
PRIMACOM AG PRCG IX -18656751.16 610380925.7
PRIMACOM AG PRC GR -18656751.16 610380925.7
PRIMACOM AG PRC EU -18656751.16 610380925.7
PRIMACOM AG PRC TH -18656751.16 610380925.7
PRIMACOM AG PRC EO -18656751.16 610380925.7
PRIMACOM AG-ADR PCAG US -18656751.16 610380925.7
PRIMACOM AG-ADR PCAGY US -18656751.16 610380925.7
PRIMACOM AG-ADR+ PCAG ES -18656751.16 610380925.7
RAG ABWICKL-REG RSTHF US -1744124.2 217776125.8
RAG ABWICKL-REG ROS GR -1744124.2 217776125.8
RAG ABWICKL-REG ROS S1 -1744124.2 217776125.8
RAG ABWICKL-REG ROS1 EO -1744124.2 217776125.8
RAG ABWICKL-REG ROSG PZ -1744124.2 217776125.8
RAG ABWICKL-REG ROS1 EU -1744124.2 217776125.8
RINOL AG RILB GR -1.171602 168095049.1
RINOL AG RILB EO -1.171602 168095049.1
RINOL AG RILB EU -1.171602 168095049.1
RINOL AG RNLAF US -1.171602 168095049.1
RINOL AG RILB S1 -1.171602 168095049.1
RINOL AG RILB IX -1.171602 168095049.1
RINOL AG RIL GR -1.171602 168095049.1
RINOL AG RILB PZ -1.171602 168095049.1
ROSENTHAL AG 2644179Q GR -1744124.2 217776125.8
ROSENTHAL AG-ACC ROS4 GR -1744124.2 217776125.8
ROSENTHAL AG-ADR RSTHY US -1744124.2 217776125.8
ROSENTHAL AG-REG ROSG IX -1744124.2 217776125.8
TA TRIUMPH-ACQ TWNA EU -124531131.9 313411495.3
TA TRIUMPH-ACQ TWNA GR -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN PZ -124531131.9 313411495.3
TA TRIUMPH-ADLER TWNG IX -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN EO -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN EU -124531131.9 313411495.3
TA TRIUMPH-ADLER TTZAF US -124531131.9 313411495.3
TA TRIUMPH-ADLER TWN GR -124531131.9 313411495.3
TA TRIUMPH-A-RTS 1018916Z GR -124531131.9 313411495.3
TA TRIUMPH-NEW TWN1 GR -124531131.9 313411495.3
TA TRIUMPH-RT TWN8 GR -124531131.9 313411495.3
TA TRIUMPH-RTS 3158577Q GR -124531131.9 313411495.3
UNITYMEDIA GMBH 560459Z GR -270220797.7 5970190663
GREECE
------
AG PETZETAKIS SA PETZK GA -110812812.5 206429374.1
AG PETZETAKIS SA PETZK EU -110812812.5 206429374.1
AG PETZETAKIS SA PTZ1 GR -110812812.5 206429374.1
AG PETZETAKIS SA PETZK EO -110812812.5 206429374.1
AG PETZETAKIS SA PZETF US -110812812.5 206429374.1
AG PETZETAKIS SA PTZ GR -110812812.5 206429374.1
AG PETZETAKIS SA PETZK PZ -110812812.5 206429374.1
ASPIS PRONIA GE ASASK EO -189908329.1 896537349.7
ASPIS PRONIA GE ASASK GA -189908329.1 896537349.7
ASPIS PRONIA GE ASASK EU -189908329.1 896537349.7
ASPIS PRONIA GE AISQF US -189908329.1 896537349.7
ASPIS PRONIA GE ASASK PZ -189908329.1 896537349.7
ASPIS PRONIA -PF ASAPR GA -189908329.1 896537349.7
ASPIS PRONIA-PF ASASP GA -189908329.1 896537349.7
ASPIS PRONIA-PF APGV GR -189908329.1 896537349.7
ASPIS PRONIA-RT ASASKR GA -189908329.1 896537349.7
ASPIS PRONOIA GE APGG IX -189908329.1 896537349.7
ASPIS PRONOIA GE APG GR -189908329.1 896537349.7
ASPIS PRON-PF RT ASASPR GA -189908329.1 896537349.7
ATLANTIC SUPERMA ATLA1 EU -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA1 EO -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA PZ -76261648.16 315891294.2
ATLANTIC SUPERMA ATLA GA -76261648.16 315891294.2
HELLAS ONLINE SA BRAIN EU -4430063.774 511329902.7
HELLAS ONLINE SA UN5 GR -4430063.774 511329902.7
HELLAS ONLINE SA BRAIN PZ -4430063.774 511329902.7
HELLAS ONLINE SA HOLR GA -4430063.774 511329902.7
HELLAS ONLINE SA BRAIN GA -4430063.774 511329902.7
HELLAS ONLINE SA BRAIN EO -4430063.774 511329902.7
HELLAS ONLINE SA HOL GA -4430063.774 511329902.7
KATSELIS SON-P R KATPD GA -25687516.15 172013976.2
KATSELIS SONS-PF KATSP GA -25687516.15 172013976.2
KATSELIS SONS-RT KATKD GA -25687516.15 172013976.2
KOUMBAS INSUR-RT KOUMD GA -75721751.36 117427553
KOUMBAS RTS KOUMR GA -75721751.36 117427553
KOUMBAS SYNERGY KOUMF US -75721751.36 117427553
KOUMBAS SYNERGY KOUM GA -75721751.36 117427553
KOUMBAS SYNERGY KOUM EO -75721751.36 117427553
KOUMBAS SYNERGY KOUM EU -75721751.36 117427553
KOUMBAS SYNERGY KOUM PZ -75721751.36 117427553
MAILLIS MLISF US -32997634.63 450971683.2
MAILLIS -RTS MAIKR GA -32997634.63 450971683.2
MAILLIS-SPON ADR MJMSY US -32997634.63 450971683.2
MJ MAILLIS S.A. MJL GR -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK EO -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK EU -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK PZ -32997634.63 450971683.2
MJ MAILLIS S.A. MAIK GA -32997634.63 450971683.2
NAOUSSA SPIN -RT NAOYD GA -163114842.1 286539436.9
NAOUSSA SPIN-AUC NAOYKE GA -163114842.1 286539436.9
NAOUSSA SPINNING NML GR -163114842.1 286539436.9
NAOUSSA SPIN-RTS NAOYKR GA -163114842.1 286539436.9
NUTRIART S.A. KATSK GA -25687516.15 172013976.2
NUTRIART S.A. KTSEF US -25687516.15 172013976.2
NUTRIART SA KATSK PZ -25687516.15 172013976.2
NUTRIART SA NUTRIART GA -25687516.15 172013976.2
NUTRIART SA KATSK EO -25687516.15 172013976.2
NUTRIART SA KATSK EU -25687516.15 172013976.2
NUTRIART-RTS 3411089Q GA -25687516.15 172013976.2
PETZET - PFD-RTS PETZPD GA -110812812.5 206429374.1
PETZETAKIS - RTS PETZKD GA -110812812.5 206429374.1
PETZETAKIS-AUC PETZKE GA -110812812.5 206429374.1
PETZETAKIS-PFD PTZ3 GR -110812812.5 206429374.1
PETZETAKIS-PFD PETZP GA -110812812.5 206429374.1
UNITED TEXTILES NAOYK GA -163114842.1 286539436.9
UNITED TEXTILES UTEX GA -163114842.1 286539436.9
UNITED TEXTILES NAOSF US -163114842.1 286539436.9
UNITED TEXTILES UTEX PZ -163114842.1 286539436.9
UNITED TEXTILES UTEX EU -163114842.1 286539436.9
UNITED TEXTILES NML1 GR -163114842.1 286539436.9
UNITED TEXTILES UTEX EO -163114842.1 286539436.9
HUNGARY
-------
HUNGARIAN TELEPH HUGC IX -73723992 827192000
HUNGARIAN TELEPH HUC EX -73723992 827192000
INVITEL HOLD-ADR INVHY US -73723992 827192000
INVITEL HOLD-ADR IHO US -73723992 827192000
INVITEL HOLD-ADR 0IN GR -73723992 827192000
INVITEL HOLDINGS 3212873Z HB -73723992 827192000
OT OPTIMA TELEKO 2299892Z CZ -83005841.81 114547056.6
OT-OPTIMA TELEKO OPTERA CZ -83005841.81 114547056.6
ICELAND
-------
AVION GROUP B1Q GR -223780368 2277882368
EIMSKIPAFELAG HF HFEIMEUR EU -223780368 2277882368
EIMSKIPAFELAG HF HFEIM EO -223780368 2277882368
EIMSKIPAFELAG HF AVION IR -223780368 2277882368
EIMSKIPAFELAG HF HFEIM EU -223780368 2277882368
EIMSKIPAFELAG HF HFEIM IR -223780368 2277882368
EIMSKIPAFELAG HF HFEIMEUR EO -223780368 2277882368
EIMSKIPAFELAG HF HFEIM PZ -223780368 2277882368
IRELAND
-------
ACS AIRCRAFT FIN 4491555Z ID -23037147.35 130480079.7
AEGON GLOBAL INS 646937Z ID -154161392 4095368960
AIRPLANES FINANC 4460505Z ID -409209710.7 271483850.7
AIRPLANES HOLDIN 4461857Z ID -11914729314 926979003.1
ALECTRA FINANCE 4505075Z ID -1989626.617 1906282726
ARCADE PROPERTY 4461121Z ID -271759845.9 854806905.5
ARDAGH GLASS FIN 3489820Z ID -425719878.1 5124811840
BIRCHFORD INVEST 3802508Z ID -16642154.58 213363186.2
BOSPHORUS CAPITA 3807620Z ID -547691.4495 119473277.7
CAMBER 4 PLC 3807980Z ID -568246202.1 358571055.8
CAPEL DEVELOPMEN 3813016Z ID -54774206.54 118764190.8
CARRICKMINES MAN 3799108Z ID -1594145.025 116839693.5
CELTIC ROADS GRO 4527583Z ID -5475772.455 178943648.9
COMMUNICORP GROU 1027859Z ID -20885498.48 307073603.1
CONOCOPHILLIPS I 4526671Z ID -215725943.4 369716179.9
CONOCOPHILLIPS W 3894318Z ID -182259475.6 264157541.2
DEPFA IRELAND HO 4458641Z ID -7759253.483 392619649.6
DEVONDALE LTD 4290189Z ID -20812563.17 187190412.1
DUOMO FUNDING PL 4462513Z ID -805845.5444 1772244292
ELLERSTON GEMS O 4781417Z ID -4056787.085 195869209.7
EQUANT NETWORK S 4462057Z ID -135695147.2 315888703.9
ERC IRELAND PREF 3687845Z ID -692655112.5 7282011141
EURCO FINANCE 3799980Z ID -48643223.1 679126971.7
FOL INTERNATIONA 4513251Z ID -43457938.48 343547754.8
FORTIS PROPRIETA 4781289Z ID -1335113419 6891744243
FRESHWATER FINAN 699575Z ID -251700725.1 1588010523
FRUIT OF THE LOO 4459361Z ID -96376389.16 391436785
GENERAL FINANCE 3807584Z ID -3451729.765 140460867
GS MULTI-CURRENC 4780921Z ID -218031502.7 1766463253
HELSINGOR LTD 3814256Z ID -964944.8669 123961503.3
JAMES HARDIE IND HAH NZ -450100000 1971800064
JAMES HARDIE IND 600241Q GR -450100000 1971800064
JAMES HARDIE IND HAH AU -450100000 1971800064
JAMES HARDIE IND 726824Z NA -450100000 1971800064
JAMES HARDIE NV JHXCC AU -450100000 1971800064
JAMES HARDIE-ADR JHINY US -450100000 1971800064
JAMES HARDIE-ADR JHX US -450100000 1971800064
JAMES HARDIE-CDI JHIUF US -450100000 1971800064
JAMES HARDIE-CDI JHX AU -450100000 1971800064
JAMES HARDIE-CDI JHA GR -450100000 1971800064
JAMES HARDIE-CDI JHA TH -450100000 1971800064
LCH EUROPEAN POR 3809212Z ID -91665071.77 296022574.1
LTR FINANCE NO 8 3816616Z ID -15113152.02 537522513
MAINAU FUNDING L 4460161Z ID -216846138.8 1309830017
MCINERNEY HLDGS MK9C PZ -137972148.5 304108432.2
MCINERNEY HLDGS MCI PO -137972148.5 304108432.2
MCINERNEY HLDGS MK9 GR -137972148.5 304108432.2
MCINERNEY HLDGS MCI IX -137972148.5 304108432.2
MCINERNEY HLDGS MCI ID -137972148.5 304108432.2
MCINERNEY HLDGS MCI LN -137972148.5 304108432.2
MCINERNEY HLDGS MCI VX -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBP EO -137972148.5 304108432.2
MCINERNEY HLDGS MCI EO -137972148.5 304108432.2
MCINERNEY HLDGS MCI EU -137972148.5 304108432.2
MCINERNEY HLDGS MK9 PO -137972148.5 304108432.2
MCINERNEY HLDGS MCII IX -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EO -137972148.5 304108432.2
MCINERNEY HLDGS MNEYF US -137972148.5 304108432.2
MCINERNEY HLDGS MCIGBX EU -137972148.5 304108432.2
MCINERNEY PROP-A MYP LN -137972148.5 304108432.2
MCINERNEY PROP-A MCIYF US -137972148.5 304108432.2
MCINERNEY PROP-A MYP ID -137972148.5 304108432.2
MCINERNEY -RT FP MCIF ID -137972148.5 304108432.2
MCINERNEY -RT FP MCIF LN -137972148.5 304108432.2
MCINERNEY -RT NP MCIN ID -137972148.5 304108432.2
MCINERNEY -RT NP MCIN LN -137972148.5 304108432.2
MCINERNEY-ADR MNEYY US -137972148.5 304108432.2
NOVELL IRELAND S 3632507Z ID -26753771.46 278570269.2
PAYZONE PLC PAYZ EU -138030903.2 510010035.3
PAYZONE PLC PAYZ LN -138030903.2 510010035.3
PAYZONE PLC PAYZ IX -138030903.2 510010035.3
PAYZONE PLC 4P6 GR -138030903.2 510010035.3
PAYZONE PLC PAYZ PG -138030903.2 510010035.3
PAYZONE PLC PAYZ PZ -138030903.2 510010035.3
PAYZONE PLC PAYZ EO -138030903.2 510010035.3
PENNYGOLD TRADIN 4459561Z ID -77668624.17 1296718702
PROVIDENCE RESOU PVDRF US -31729163.16 134629066.1
PROVIDENCE RESOU PRP PG -31729163.16 134629066.1
PROVIDENCE RESOU PRR IX -31729163.16 134629066.1
PROVIDENCE RESOU PRP PZ -31729163.16 134629066.1
PROVIDENCE RESOU 3660853Q IX -31729163.16 134629066.1
PROVIDENCE RESOU PRPGBP EO -31729163.16 134629066.1
PROVIDENCE RESOU PRP EU -31729163.16 134629066.1
PROVIDENCE RESOU PRP ID -31729163.16 134629066.1
PROVIDENCE RESOU PZQ PO -31729163.16 134629066.1
PROVIDENCE RESOU PRP EO -31729163.16 134629066.1
PROVIDENCE RESOU PVR LN -31729163.16 134629066.1
PROVIDENCE RE-UT PZQ GR -31729163.16 134629066.1
PROVIDENCE-F/P PRPF ID -31729163.16 134629066.1
PROVIDENCE-N/P PRPN ID -31729163.16 134629066.1
RELIANCE FLAG TE 4511819Z ID -159697376.3 246001416.2
RHATIGAN COMMERC 3800004Z ID -39741717.89 278421666.4
RSA SECURITY IRE 3816252Z ID -1896032.195 131465362.8
SALOME FUNDING P 747246Z ID -1780227.756 2390329099
SCHWARZ PHARMA L 626603Z ID -526134390.5 385006654.6
SENSORMATIC EURO 4524375Z ID -19479895.67 105183548.8
SHENDA IRELAND L 4781889Z ID -56704637.63 284795299.1
STRATUS TECHNOLO 4290381Z ID -91695882.47 143373676
SUSQUEHANNA EURO 4459081Z ID -1252022268 5765502698
TAKEDA PHARMA IR 4460049Z ID -553964898.1 178556098.5
THIRD BELFRY PRO 3817252Z ID -1737958.351 208828916.9
UDARAS EITLIOCHT 4461649Z ID -38554945.52 228382904.9
UPC BROADBAND IR 3633179Z ID -199665756.1 699692511.4
VIRIDIAN ENERGY 4462489Z ID -41409800.11 209871994.6
WARNER CHILCOT-A WCRX US -62817000 5154945024
WARNER CHILCOT-A G3LA TH -62817000 5154945024
WARNER CHILCOT-A G3LA GR -62817000 5154945024
WARNER CHILCOT-A G3L GR -62817000 5154945024
WATERFORD - RTS WWWA GR -505729895.2 820803256
WATERFORD - RTS 508523Q LN -505729895.2 820803256
WATERFORD - RTS 508519Q LN -505729895.2 820803256
WATERFORD - RTS WWWA ID -505729895.2 820803256
WATERFORD - RTS WWWB ID -505729895.2 820803256
WATERFORD - RTS WWWB GR -505729895.2 820803256
WATERFORD CRYSTA 4459209Z ID -150440252.3 114111756.9
WATERFORD W-ADR WATWY US -505729895.2 820803256
WATERFORD WDGEWD WATWF US -505729895.2 820803256
WATERFORD WDGEWD WATFF US -505729895.2 820803256
WATERFORD WED-RT WWWC GR -505729895.2 820803256
WATERFORD WED-RT WWWD GR -505729895.2 820803256
WATERFORD WED-RT WTFR LN -505729895.2 820803256
WATERFORD WED-RT 586556Q LN -505729895.2 820803256
WATERFORD WED-RT 586552Q LN -505729895.2 820803256
WATERFORD WED-RT WWWC ID -505729895.2 820803256
WATERFORD WED-RT WWWD ID -505729895.2 820803256
WATERFORD WED-UT WTFU ID -505729895.2 820803256
WATERFORD WED-UT WWW PO -505729895.2 820803256
WATERFORD WED-UT WWWD PZ -505729895.2 820803256
WATERFORD WED-UT WTFU LN -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EU -505729895.2 820803256
WATERFORD WED-UT WTFU EO -505729895.2 820803256
WATERFORD WED-UT WTFU VX -505729895.2 820803256
WATERFORD WED-UT WTFUGBX EO -505729895.2 820803256
WATERFORD WED-UT WTFU EU -505729895.2 820803256
WATERFORD WED-UT WTFU PO -505729895.2 820803256
WATERFORD WED-UT WWW GR -505729895.2 820803256
WATERFORD WED-UT WTFU IX -505729895.2 820803256
WATERFORD WE-RTS WTFN VX -505729895.2 820803256
WATERFORD WE-RTS WTFF LN -505729895.2 820803256
WATERFORD WE-RTS WTFN LN -505729895.2 820803256
WATERFORD WE-RTS WTFF ID -505729895.2 820803256
WATERFORD WE-RTS WTFN ID -505729895.2 820803256
WATERFORD-ADR UT WATFZ US -505729895.2 820803256
WATERFORD-ADR UT WFWA GR -505729895.2 820803256
WATERFORD-SUB 3001875Z ID -505729895.2 820803256
WOLSELEY IRELAND 3898706Z ID -47443431.51 175225926.3
ITALY
-----
ALCOA TRASFORMAZ 4506523Z IM -200396353.5 504699192.2
AS ROMA SPA ASR IX -37429933.27 183644985.3
AS ROMA SPA ASR EB -37429933.27 183644985.3
AS ROMA SPA ASR EU -37429933.27 183644985.3
AS ROMA SPA ASRAF US -37429933.27 183644985.3
AS ROMA SPA ASR PZ -37429933.27 183644985.3
AS ROMA SPA ASR QM -37429933.27 183644985.3
AS ROMA SPA ASRO IX -37429933.27 183644985.3
AS ROMA SPA ASR IM -37429933.27 183644985.3
AS ROMA SPA ASR EO -37429933.27 183644985.3
AS ROMA SPA ASR TQ -37429933.27 183644985.3
AS ROMA SPA RO9 GR -37429933.27 183644985.3
AS ROMA SPA-RTS ASRAA IM -37429933.27 183644985.3
AUTOMOTIVE LIGHT 3895734Z IM -8797909.782 165588007.5
BECROMAL SPA 3138961Z IM -4638581.798 168296959.8
BIANCHI VENDING 764212Z IM -27419598.89 118828596.1
BMG CASTEL ROMAN 4209433Z IM -1512040.428 241462130.6
CABLELETTRA SPA 4507547Z IM -83494555.41 223468834.1
CANTIERI DI PISA 4313125Z IM -2611908.154 105466953.7
COIN SPA GUCIF US -154057598.5 800526929.5
COIN SPA GC IX -154057598.5 800526929.5
COIN SPA 965089Q GR -154057598.5 800526929.5
COIN SPA/OLD GC IM -154057598.5 800526929.5
COIN SPA-RTS GCAA IM -154057598.5 800526929.5
DEUTSCHE LEASING 4358141Z IM -2304871.115 106694739
DIMA COSTRUZIONI 4526911Z IM -14681477.1 426157772.4
DIMAFIN SPA 2727163Z IM -63237953.95 270856564.4
EDISON INTERNATI 4523583Z IM -6175857.726 2258545505
EQUIPOLYMERS SRL 4224221Z IM -77501046.37 227622587.6
FC INTERNAZIONAL 1185Z IM -39787627.04 610018418.4
FIBE SPA 4472843Z IM -802268.7972 756328770.6
FRECCIA ROSSA SH 4358125Z IM -4519531.292 250706520.3
FUNIVIE FOLGARID 4325137Z IM -3839728.226 199413338.6
GLOBAL GARDEN PR 4499787Z IM -98534475.59 578214151.7
GRUPPO FINI SPA 4514671Z IM -1791897.636 101060963.7
GUERRINO PIVATO 4292565Z IM -41218066.44 397216267.9
I VIAGGI DEL VEN VVE EO -209436890.3 202705179.9
I VIAGGI DEL VEN VVE IX -209436890.3 202705179.9
I VIAGGI DEL VEN IV7 GR -209436890.3 202705179.9
I VIAGGI DEL VEN VVE PZ -209436890.3 202705179.9
I VIAGGI DEL VEN VVE IM -209436890.3 202705179.9
I VIAGGI DEL VEN VVE TQ -209436890.3 202705179.9
I VIAGGI DEL VEN VVE EU -209436890.3 202705179.9
I VIAGGI DEL VEN IVGIF US -209436890.3 202705179.9
I VIAGGI-RTS VVEAA IM -209436890.3 202705179.9
INDUSTRIE FINCUO 4270053Z IM -15676157.12 111118283.9
ING PIO GUARALDO 4195305Z IM -6958339.341 198007636
INTERSIDER ACCIA 4268893Z IM -5355062.509 156885353.6
INTRALOT ITALIA 2884343Z IM -7911067.965 111516758.1
IP MAESTRALE 4 S 4407001Z IM -1364553.628 613867867.9
IRISBUS ITALIA S 3895718Z IM -4900118.288 227685279.9
JABIL CIRCUIT IT 3631803Z IM -2514205.346 125486527.4
MERIDIANA SPA 1163Z IM -4645217.834 187285866.9
METECNO INDUSTRI 4004204Z IM -5834935.843 135411811
MONTE MARE GRADO 4359985Z IM -535776.0315 100534744.7
MV AGUSTA MOTOR 3898906Z IM -10856011.42 258767112.5
NEXANS ITALIA SP 3636695Z IM -19973174.81 139448244.4
OCV ITALIA SRL 4455649Z IM -7833657.759 212272084.3
OMNIA SERVICE CE 3401139Z IM -9159816.788 165737571.5
PARMALAT FINANZI PAF GR -18419396969 4120687886
PARMALAT FINANZI PMLFF US -18419396969 4120687886
PARMALAT FINANZI PARAF US -18419396969 4120687886
PARMALAT FINANZI PRFI VX -18419396969 4120687886
PARMALAT FINANZI PRF IM -18419396969 4120687886
PARMALAT FINANZI PMT LI -18419396969 4120687886
PARMALAT FINANZI FICN AV -18419396969 4120687886
PARMALAT FINA-RT PRFR AV -18419396969 4120687886
PLASTIC COMPONEN 4489891Z IM -4874668.899 477291693.5
RISANAMEN-RNC OP RNROPA IM -201736420 3007075334
RISANAMENTO -OPA RNOPA IM -201736420 3007075334
RISANAMENTO -RNC RNR IM -201736420 3007075334
RISANAMENTO SPA RNGBX EU -201736420 3007075334
RISANAMENTO SPA RN EO -201736420 3007075334
RISANAMENTO SPA RN TQ -201736420 3007075334
RISANAMENTO SPA RN IX -201736420 3007075334
RISANAMENTO SPA RN PZ -201736420 3007075334
RISANAMENTO SPA RN EU -201736420 3007075334
RISANAMENTO SPA RSMNF US -201736420 3007075334
RISANAMENTO SPA RN5 GR -201736420 3007075334
RISANAMENTO SPA RNGBP EO -201736420 3007075334
RISANAMENTO SPA RNGBX EO -201736420 3007075334
RISANAMENTO SPA RN IM -201736420 3007075334
RISANAMENTO-RTS RNAXA IM -201736420 3007075334
RISANAMENTO-RTS RNAXO IM -201736420 3007075334
RISANAMENTO-RTS RNAA IM -201736420 3007075334
SD SICILIA DISCO 4346005Z IM -57205.25336 162107130.8
SNIA BPD SN GR -141933895.2 150445252.4
SNIA BPD-ADR SBPDY US -141933895.2 150445252.4
SNIA SPA SNIXF US -141933895.2 150445252.4
SNIA SPA SN EO -141933895.2 150445252.4
SNIA SPA SBPDF US -141933895.2 150445252.4
SNIA SPA SN TQ -141933895.2 150445252.4
SNIA SPA SIAI IX -141933895.2 150445252.4
SNIA SPA SNIB GR -141933895.2 150445252.4
SNIA SPA SN EU -141933895.2 150445252.4
SNIA SPA SN IM -141933895.2 150445252.4
SNIA SPA SNIA GR -141933895.2 150445252.4
SNIA SPA SSMLF US -141933895.2 150445252.4
SNIA SPA SIAI PZ -141933895.2 150445252.4
SNIA SPA - RTS SNAAW IM -141933895.2 150445252.4
SNIA SPA- RTS SNAXW IM -141933895.2 150445252.4
SNIA SPA-2003 SH SN03 IM -141933895.2 150445252.4
SNIA SPA-CONV SA SPBDF US -141933895.2 150445252.4
SNIA SPA-DRC SNR00 IM -141933895.2 150445252.4
SNIA SPA-NEW SN00 IM -141933895.2 150445252.4
SNIA SPA-NON CON SPBNF US -141933895.2 150445252.4
SNIA SPA-RCV SNR IM -141933895.2 150445252.4
SNIA SPA-RCV SNIVF US -141933895.2 150445252.4
SNIA SPA-RIGHTS SNAW IM -141933895.2 150445252.4
SNIA SPA-RNC SNIWF US -141933895.2 150445252.4
SNIA SPA-RNC SNRNC IM -141933895.2 150445252.4
SNIA SPA-RTS SNAA IM -141933895.2 150445252.4
SNIA SPA-RTS SNSO IM -141933895.2 150445252.4
TISCALI - RTS TISAAW IM -122928118.5 490469420.1
TISCALI - RTS TIQA GR -122928118.5 490469420.1
TISCALI SPA TIQ1 GR -122928118.5 490469420.1
TISCALI SPA TISGBX EU -122928118.5 490469420.1
TISCALI SPA TIS PZ -122928118.5 490469420.1
TISCALI SPA TISN IM -122928118.5 490469420.1
TISCALI SPA TIS NR -122928118.5 490469420.1
TISCALI SPA TIS VX -122928118.5 490469420.1
TISCALI SPA TISN NA -122928118.5 490469420.1
TISCALI SPA TIS EO -122928118.5 490469420.1
TISCALI SPA TIS TQ -122928118.5 490469420.1
TISCALI SPA TIS QM -122928118.5 490469420.1
TISCALI SPA TIS IX -122928118.5 490469420.1
TISCALI SPA TIS NA -122928118.5 490469420.1
TISCALI SPA TIQG IX -122928118.5 490469420.1
TISCALI SPA TIS FP -122928118.5 490469420.1
TISCALI SPA TISGBX EO -122928118.5 490469420.1
TISCALI SPA TSCXF US -122928118.5 490469420.1
TISCALI SPA TIQ GR -122928118.5 490469420.1
TISCALI SPA TISN VX -122928118.5 490469420.1
TISCALI SPA TIS NQ -122928118.5 490469420.1
TISCALI SPA TISM IX -122928118.5 490469420.1
TISCALI SPA TIS IM -122928118.5 490469420.1
TISCALI SPA TIS EU -122928118.5 490469420.1
TISCALI SPA TISN FP -122928118.5 490469420.1
TISCALI SPA TIS EB -122928118.5 490469420.1
TISCALI SPA TISGBP EO -122928118.5 490469420.1
TISCALI SPA TISN IX -122928118.5 490469420.1
TISCALI SPA- RTS 3391621Q GR -122928118.5 490469420.1
TISCALI SPA- RTS TISAXA IM -122928118.5 490469420.1
UPIM SRL 3494031Z IM -24945031.42 495566337.9
VALEO SPA 3897442Z IM -55996.80114 165209720.2
VIA CAVOUR SRL 3997892Z IM -2002622.441 173628397.1
LUXEMBOURG
----------
ARCELORMITTAL FL 3912244Z LX -1024313669 3328008487
INTELSAT ILMA GR -697038976 17592367104
INTELSAT SA 2237Z US -697038976 17592367104
OXEA SARL 3682535Z GR -78371220.13 1013737294
OXEA SARL 3682535Z LX -78371220.13 1013737294
ADAMAR AMSTERDAM 4049157Z NA -8231529.767 119709372
ALFRED C TOEPFER 4062117Z NA -1843317.436 1689194175
APPLIED POWER EU 4035061Z NA -90774.2002 187921627.7
ASITO DIENSTENGR 743813Z NA -2494804.851 220704023.7
NETHERLANDS
-----------
BAAN CO NV-ASSEN BAANA NA -7854715.264 609871188.9
BAAN COMPANY NV BAAN EU -7854715.264 609871188.9
BAAN COMPANY NV BAAVF US -7854715.264 609871188.9
BAAN COMPANY NV BAAN PZ -7854715.264 609871188.9
BAAN COMPANY NV BAAN GR -7854715.264 609871188.9
BAAN COMPANY NV BNCG IX -7854715.264 609871188.9
BAAN COMPANY NV BAAN EO -7854715.264 609871188.9
BAAN COMPANY NV BAAN IX -7854715.264 609871188.9
BAAN COMPANY NV BAAN NA -7854715.264 609871188.9
BAAN COMPANY-NY BAANF US -7854715.264 609871188.9
BELEGGINGSMAATSC 801105Z NA -5070657.703 350267370.9
CENTRIC HOLDING 745383Z NA -72753.24225 363069870.7
CEVA GROUP PLC 976811Z NA -469889996.1 5434380129
CEVA LOGISTICS 882197Z NA -310987042.7 5613530996
CLATES HOLDING B 4043429Z NA -34881.25205 221495950.5
COOPERATIE VOEDI 4378105Z NA -274089.6056 748982278.2
EATON ELECTRIC B 2017671Z NA -20487461.22 140357455.7
ELSTA BV 3897218Z NA -2452823.596 284940300.4
EON BENELUX LEVE 4173461Z NA -21561715.64 273422076.5
EUROPEAN MARITIM 4523543Z NA -34803118.05 347300069.4
FERDINAND STINGE 4040837Z NA -64181.50377 1187653657
FONDEL METALS BV 4039013Z NA -2368075.248 110363800.6
GE CAPITAL FUNDI 4489315Z NA -2707532.277 194574148
HAAG WONEN HOLDI 3824276Z NA -137909.3086 144576751.1
HE INVESTMENTS B 3813216Z NA -1780665.857 195483088
HUISVUILCENTRALE 4777713Z NA -29300.25172 1202976227
INFOR GLOBAL SOL 4778481Z NA -421566515.6 436226285
ING RE DORTMUND/ 3819456Z NA -91900157.49 142290450.1
ING REIM DEVELOP 3811140Z NA -231041485.9 383323356.5
KONINKLIJKE HASK 4037221Z NA -69259.20141 230145390.9
KUIPER GROEP BV 3821988Z NA -3688.420875 101931401.5
LIBERTY GL EU-A UPC NA -5505478850 5112616630
LINO MANAGEMENT 3774416Z NA -289361638.1 926823456.4
MAAS INTERNATION 4174109Z NA -104625.6021 163961580.9
MSREF ELBA BV 4043045Z NA -89889.60183 584994172.5
MSREF VI KAIROS 4174205Z NA -38313.60078 893956511
NIDERA HANDELSCO 3893886Z NA -614016.7407 1656741217
NORFOLK HOLDINGS 779151Z NA -199512.5928 813430683.8
NV WATERLEIDINGM 4036141Z NA -1727059.235 234972904.6
RHEIN PAPIER HOL 4040349Z NA -2301763.247 1089890804
RIVA NV 3797916Z NA -852952.1165 111411542.1
SITA NEDERLAND B 874216Z NA -312079.8969 2324948031
SPYKER CARS NV SPYKR PZ -154336469.5 1337361332
SPYKER CARS NV SPYK IX -154336469.5 1337361332
SPYKER CARS NV SPYKR QM -154336469.5 1337361332
SPYKER CARS NV SPYKR TQ -154336469.5 1337361332
SPYKER CARS NV SPYKR EU -154336469.5 1337361332
SPYKER CARS NV SPYKR BQ -154336469.5 1337361332
SPYKER CARS NV SPYKR EB -154336469.5 1337361332
SPYKER CARS NV SPYKR EO -154336469.5 1337361332
SPYKER CARS NV SPYKR NA -154336469.5 1337361332
SPYKER CARS NV L9I GR -154336469.5 1337361332
SPYKER CARS NV SPYKF US -154336469.5 1337361332
STICHTING PENSIO 4498027Z NA -19254451.13 566611058.3
STICHTING PENSIO 4489595Z NA -7065546415 43409019837
UNITED PAN -ADR UPEA GR -5505478850 5112616630
UNITED PAN-A ADR UPCOY US -5505478850 5112616630
UNITED PAN-EUR-A UPC LI -5505478850 5112616630
UNITED PAN-EUR-A UPC LN -5505478850 5112616630
UNITED PAN-EUROP UPE1 GR -5505478850 5112616630
UNITED PAN-EUROP UPC VX -5505478850 5112616630
UNITED PAN-EUROP UPCEF US -5505478850 5112616630
UNITED PAN-EUROP UPCOF US -5505478850 5112616630
UPC HOLDING BV 3590264Z NA -12164702941 13901661309
VAN WEELDE BEHEE 4038885Z NA -119995.7037 173030811.6
VOLKERWESSELS BO 4062101Z NA -17683.20036 191596002.3
VWS VERKEER-EN I 4777577Z NA -47438.50279 719093765.2
W2005 W2007 CARN 3824100Z NA -107841645.8 362615031
WE INTERNATIONAL 630199Z NA -1220350.163 1011026941
WILMAR EDIBLE OI 3817520Z NA -3976944.095 218912594.8
WIM BOSMAN HOLDI 3782032Z NA -45372.13742 224136098.5
WONINGSTICHTING 4039389Z NA -430291.2087 1714985995
ZWINGER OPCO 6 B 3821644Z NA -106543158.2 627759193.8
NORWAY
------
AKER BIOMARINE A 4508947Z NO -91258656.74 103294723.7
AKER ELEKTRO AS 4389353Z NO -35218317.7 134077911.8
AKER STORD A/S 4498875Z NO -150475117.7 783619889.1
BKK VARME AS 4445833Z NO -8164053.946 143462133.6
CIA LA GOMERA AS 4401057Z NO -14188999.46 111542577.2
GJENSIDIGE PENSJ 4447089Z NO -706038.7351 834496819.2
HEEGH AUTOLINERS 4389209Z NO -11654362.38 277390994.9
INTEROIL EXPLORA IOXEUR EU -71383000 195320000
INTEROIL EXPLORA IOX NO -71383000 195320000
INTEROIL EXPLORA IOX PZ -71383000 195320000
INTEROIL EXPLORA IOXUSD EO -71383000 195320000
INTEROIL EXPLORA IROIF US -71383000 195320000
INTEROIL EXPLORA IOX EU -71383000 195320000
INTEROIL EXPLORA IOXEUR EO -71383000 195320000
INTEROIL EXPLORA IOX IX -71383000 195320000
INTEROIL EXPLORA INOX NO -71383000 195320000
INTEROIL EXPLORA IOX BY -71383000 195320000
INTEROIL EXPLORA IOX EO -71383000 195320000
INTEROIL EXPLORA IOXUSD EU -71383000 195320000
LIVA BIL LIV NO -4061326.597 116023629.9
MAN LAST OG BUSS 4521719Z NO -7914946.127 134925818.8
MASTER & COMMAND 4443393Z NO -3848.57586 105559612
NCC CONSTRUCTION 4389745Z NO -17444019.96 371204059.2
NCC ROADS AS 4401305Z NO -7603911.224 151509155.9
NORGIPS NORGE AS 4443889Z NO -4188300.148 124517344
NORSK STEIN AS 4394889Z NO -2509971.202 184248999.1
OSLO FORSIKRING 4415089Z NO -6494996.57 158542606
PETRO GEO-SERV 265143Q NO -18066142.21 399710323.6
PETRO GEO-SERV PGS VX -18066142.21 399710323.6
PETRO GEO-SERV PGS GR -18066142.21 399710323.6
PETRO GEO-SERV-N PGSN NO -18066142.21 399710323.6
PETRO GEO-SV-ADR PGOGY US -18066142.21 399710323.6
PETRO GEO-SV-ADR PGSA GR -18066142.21 399710323.6
PETROJACK AS JACK BY -54932000 191586000
PETROJACK AS JACK PZ -54932000 191586000
PETROJACK AS JACKEUR EU -54932000 191586000
PETROJACK AS JACO IX -54932000 191586000
PETROJACK AS P3J GR -54932000 191586000
PETROJACK AS POJKF US -54932000 191586000
PETROJACK AS JACK EO -54932000 191586000
PETROJACK AS JACK EU -54932000 191586000
PETROJACK AS JACKEUR EO -54932000 191586000
PETROJACK AS JACK NO -54932000 191586000
PETROMENA AS PR2 GR -47299000 317747008
PETROMENA AS PMENA PZ -47299000 317747008
PETROMENA AS PMENAEUR EO -47299000 317747008
PETROMENA AS PMENF US -47299000 317747008
PETROMENA AS PMENAEUR EU -47299000 317747008
PETROMENA AS PMENA EO -47299000 317747008
PETROMENA AS PMENA EU -47299000 317747008
PETROMENA AS PMENA NO -47299000 317747008
PETROMENA AS MENA NO -47299000 317747008
PETROMENA AS PMEN IX -47299000 317747008
SECURITAS DIRECT 4394201Z NO -531628.2745 124746344.1
SKRETTING AS 4473771Z NO -3730844.426 499611269.4
STOREBRAND EIEND 4443409Z NO -69476764.19 1408585975
STOREBRAND EIEND 4288341Z NO -236066034.1 4427606061
TDC AS 4287413Z NO -95917885.43 128911202.9
TRICO SHIPPING A 3651167Z NO -132576808.1 504945402.2
TTS SENSE AS 4393841Z NO -30849484.35 107503145.6
UTKILEN SHIPPING 4446161Z NO -2435448.778 205148159.9
VNG NORGE AS 4513147Z NO -44725176.15 280935536.1
POLAND
------
TOORA TOR PW -288818.3897 147004954.2
TOORA 2916661Q EO -288818.3897 147004954.2
TOORA 2916665Q EU -288818.3897 147004954.2
TOORA TOR PZ -288818.3897 147004954.2
TOORA-ALLOT CERT TORA PW -288818.3897 147004954.2
PORTUGAL
--------
AGUAS DO ZEZERE 3646223Z PL -9497007.861 387261027.5
ALBERTO MARTINS 4488947Z PL -26137998.21 126979395.5
CENTRO HOSPITALA 3778196Z PL -45060064.62 149709016.7
CO DAS ENERGIAS 3794880Z PL -2540034.474 115717930.4
COFINA COFI PL -13400332.44 274876811
COFINA COFSI IX -13400332.44 274876811
COFINA CFASF US -13400332.44 274876811
COFINA SGPS SA COFI EO -13400332.44 274876811
COFINA SGPS SA COFI TQ -13400332.44 274876811
COFINA SGPS SA COFI QM -13400332.44 274876811
COFINA SGPS SA CFNX PX -13400332.44 274876811
COFINA SGPS SA CFN PL -13400332.44 274876811
COFINA SGPS SA COFI EB -13400332.44 274876811
COFINA SGPS SA CFN1 PZ -13400332.44 274876811
COFINA SGPS SA COFI EU -13400332.44 274876811
CP - COMBOIOS DE 1005Z PL -3201667702 2260472073
EMPRESA PUBLICA 3646447Z PL -18489638.67 302885151.7
ESTALEIROS NAVAI 4507307Z PL -23829401.88 315386385.8
FERREIRAS & MAGA 4281437Z PL -14115717.84 103226790.2
GALERIA PARQUE N 4772673Z PL -6221557.01 176869350.5
HOSPITAL DE FARO 3789880Z PL -59945072.08 249069905.8
HOSPITAL GARCIA 3773160Z PL -27714243.05 131330191
LOCACAO DE EQUIP 4772329Z PL -1031872.211 425561447.8
LYCATELCOM LDA 4281821Z PL -8577510.562 109410577.8
METRO DO PORTO 4473963Z PL -227787277.2 3216337049
PARQUE DA PAMPIL 4770625Z PL -1932626.439 135631078.1
PARQUE EOLICO DE 4772521Z PL -1450277.362 131706562.9
PORTUGALIA 1008Z PL -4086512.545 263103585.3
RADIO E TELEVISA 1227Z PL -874020727.2 739530129.4
REFER-REDE FERRO 1250Z PL -1817222591 941624235.3
SERVICO DE SAUDE 3790200Z PL -171447869.9 656234458.2
SOCIEDADE DE REN 3776676Z PL -16609193.89 127876798.7
SOCIEDADE DE TRA 1253Z PL -382109051.3 119848180.8
SPORTING CLUBE D SCP1 PZ -65884328.13 251276323.4
SPORTING CLUBE D SCDF EO -65884328.13 251276323.4
SPORTING CLUBE D SCG GR -65884328.13 251276323.4
SPORTING CLUBE D SCP PL -65884328.13 251276323.4
SPORTING CLUBE D SCPX PX -65884328.13 251276323.4
SPORTING CLUBE D SCDF EU -65884328.13 251276323.4
SPORTING-SOC DES SCPL IX -65884328.13 251276323.4
SPORTING-SOC DES SCDF PL -65884328.13 251276323.4
SPORTING-SOC-RTS SCPVS PL -65884328.13 251276323.4
SPORTING-SOC-RTS SCPDS PL -65884328.13 251276323.4
TAP SGPS TAP PL -293253615.6 2901200999
VALE DO LOBO - R 4764257Z PL -19458755.77 553819869.1
VISTA ALEGRE ATL 4281717Z PL -11415079.06 119980938.8
ROMANIA
-------
ARCELORMITTAL PTRO RO -61080024.91 178667412.9
OLTCHIM RM VALCE OLTCF US -89344240.83 511515508.8
OLTCHIM SA RM VA OLT PZ -89344240.83 511515508.8
OLTCHIM SA RM VA OLT RO -89344240.83 511515508.8
OLTCHIM SA RM VA OLT EO -89344240.83 511515508.8
OLTCHIM SA RM VA OLTEUR EU -89344240.83 511515508.8
OLTCHIM SA RM VA OLT EU -89344240.83 511515508.8
OLTCHIM SA RM VA OLTEUR EO -89344240.83 511515508.8
RAFO SA RAF RO -457922310.7 356796459.3
ROMPETROL RAFINA RRC RO -4103436 1885975424
ROMPETROL RAFINA RRC EO -4103436 1885975424
ROMPETROL RAFINA RRC EU -4103436 1885975424
ROMPETROL RAFINA RRCEUR EO -4103436 1885975424
ROMPETROL RAFINA RRCEUR EU -4103436 1885975424
ROMPETROL RAFINA RRC PZ -4103436 1885975424
RUSSIA
------
AKCIONERNOE-BRD SOVP$ RU -79749277.74 135830690.8
ALLIANCE RUSSIAN ALRT RU -13189410.9 138268688.3
AMO ZIL ZILL RM -115900565.7 368611137
AMO ZIL-CLS ZILL* RU -115900565.7 368611137
AMO ZIL-CLS ZILLG RU -115900565.7 368611137
AMO ZIL-CLS ZILL RU -115900565.7 368611137
BUMMASH OJSC-BRD BUMM* RU -8393701.106 181897611.9
BUMMASH OJSC-BRD BUMM RU -8393701.106 181897611.9
DAGESTAN ENERGY DASB RU -41669399.94 184251142.2
DAGESTAN ENERGY DASB RM -41669399.94 184251142.2
DAGESTAN ENERGY DASBG RU -41669399.94 184251142.2
DAGESTAN ENERGY DASB* RU -41669399.94 184251142.2
EAST-SIBERIA-BRD VSNK RU -27891692.64 256817419.9
EAST-SIBERIA-BRD VSNK* RU -27891692.64 256817419.9
EAST-SIBERIAN-BD VSNK$ RU -27891692.64 256817419.9
FINANCIAL LEASIN 137282Z RU -97179352.98 323537045.5
FINANCIAL LEASIN FLKO RM -97179352.98 323537045.5
FINANCIAL LE-BRD FLKO RU -97179352.98 323537045.5
FINANCIAL LE-BRD FLKO* RU -97179352.98 323537045.5
GAZ-FINANS GAZF RU -56134.51262 232319905.4
IZHAVTO OAO IZAV RU -19693756.7 474754687.9
KAMSKAYA GORNAYA 2806239Z RU -527803788.8 1311868884
KOMPANIYA GL-BRD GMST* RU -12705935.35 1168280317
KOMPANIYA GL-BRD GMST RU -12705935.35 1168280317
M-INDUSTRIYA SOMI RU -1091260.252 261721440.8
MZ ARSENAL-$BRD ARSE* RU -17937177.88 215191909
MZ ARSENAL-$BRD ARSE RU -17937177.88 215191909
MZ ARSENAL-BRD ARSE$ RU -17937177.88 215191909
OAO SIBNEFTEGAZ SIGA RU -8733178.141 757597617.2
PENOPLEX-FINANS PNPF RU -754086.9373 140176163.3
PIK GROUP PIKK RM -65334860.95 4000687446
PIK GROUP PIKK* RU -65334860.95 4000687446
PIK GROUP PIKKG RU -65334860.95 4000687446
PIK GROUP PIKK RU -65334860.95 4000687446
PIK GROUP-GDR PIK IX -65334860.95 4000687446
PIK GROUP-GDR PIQ2 GR -65334860.95 4000687446
PIK GROUP-GDR PIK1 EO -65334860.95 4000687446
PIK GROUP-GDR PIK EB -65334860.95 4000687446
PIK GROUP-GDR PIK LI -65334860.95 4000687446
PIK GROUP-GDR PIK1 QM -65334860.95 4000687446
PIK GROUP-GDR PKGPL US -65334860.95 4000687446
PIK GROUP-GDR PIK EU -65334860.95 4000687446
PIK GROUP-GDR PIK TQ -65334860.95 4000687446
PROMTRACTOR-FINA PTRF RU -22844527.96 271197988.2
RUSSIAN TEXT-CLS ALRTG RU -13189410.9 138268688.3
RUSSIAN TEXT-CLS ALRT* RU -13189410.9 138268688.3
RYBINSKKABEL RBKZD RU -8532245.618 108539181.3
SEVKABEL-FINANS SVKF RU -83036.46173 102680373.6
SISTEMA HALS HALS RU -568359936 1210651008
SISTEMA HALS HALS* RU -568359936 1210651008
SISTEMA HALS HALS RM -568359936 1210651008
SISTEMA HALS HALSM RU -568359936 1210651008
SISTEMA HALS HALSG RU -568359936 1210651008
SISTEMA HALS-GDR HALS IX -568359936 1210651008
SISTEMA HALS-GDR HALS LI -568359936 1210651008
SISTEMA HALS-GDR SYR GR -568359936 1210651008
SISTEMA HALS-GDR HALS TQ -568359936 1210651008
SISTEMA-GDR 144A SEMAL US -568359936 1210651008
SISTEMA-GDR 144A 86PN LI -568359936 1210651008
URGALUGOL-BRD YRGL RU -20765964.53 115490879.4
URGALUGOL-BRD YRGL* RU -20765964.53 115490879.4
URGALUGOL-BRD-PF YRGLP RU -20765964.53 115490879.4
VACO-BRD VASO* RU -27108676.04 934073954.9
VACO-BRD VASO RU -27108676.04 934073954.9
VACO-PFD VASOP RU -27108676.04 934073954.9
VACO-PFD VASOP* RU -27108676.04 934073954.9
VASO 1001Q RU -27108676.04 934073954.9
VASO-$ 1002Q RU -27108676.04 934073954.9
VASO-$PFD BRD VASOP$ RU -27108676.04 934073954.9
VASO-Q LIST VASO$ RU -27108676.04 934073954.9
VIMPEL SHIP-BRD SOVP RU -79749277.74 135830690.8
VIMPEL SHIP-BRD SOVP* RU -79749277.74 135830690.8
VOLGOGRAD KHIM VHIM* RU -36728501.72 145195344.9
VOLGOGRAD KHIM VHIM RU -36728501.72 145195344.9
WILD ORCHID ZAO DOAAN RU -11716087.47 106082784.6
ZAPSIBGASP-Q PFD ZSGPP$ RU -72947.51526 122459176.2
ZAPSIBGASPRO-BRD ZSGP RU -72947.51526 122459176.2
ZAPSIBGASPRO-BRD ZSGP* RU -72947.51526 122459176.2
ZAPSIBGASPROM-B ZSGP$ RU -72947.51526 122459176.2
ZAPSIBGASPRO-PFD ZSGPP* RU -72947.51526 122459176.2
ZAPSIBGASPRO-PFD ZSGPP RU -72947.51526 122459176.2
ZIL AUTO PLANT ZILL$ RU -115900565.7 368611137
ZIL AUTO PLANT-P ZILLP* RU -115900565.7 368611137
ZIL AUTO PLANT-P ZILLP RM -115900565.7 368611137
ZIL AUTO PLANT-P ZILLP RU -115900565.7 368611137
SERBIA
-------
DUVANSKA DIVR SG -32792314.86 122255596.4
SLOVENIA
--------
ISTRABENZ ITBG EO -3710053.919 1192276746
ISTRABENZ ITBG SV -3710053.919 1192276746
ISTRABENZ ITBG PZ -3710053.919 1192276746
ISTRABENZ ITBG EU -3710053.919 1192276746
SPAIN
-----
AMCI HABITAT SA AMC3 EO -24580874.45 194758143.4
AMCI HABITAT SA AMC SM -24580874.45 194758143.4
AMCI HABITAT SA AMC1 EU -24580874.45 194758143.4
AURIGACROWN CAR 3791672Z SM -9696329.512 319009666.2
BASF CONSTRUCTIO 4511259Z SM -175550365.3 296395765.4
BAXI CALEFACCION 4029741Z SM -16038399.69 313088537.4
BOSCH SISTEMAS D 4505475Z SM -295419977.8 205556877.2
BOUYGUES INMOBIL 3636247Z SM -13608696.28 203210905.9
CAIXARENTING SA 4500211Z SM -13655312.55 1651010629
CAJA DE AHORROS 929362Z SM -361326816.2 37311046644
CELAYA EMPARANZA 3642467Z SM -19428468.87 176340504.9
CONFORAMA ESPANA 3771496Z SM -7499882.185 125121785.8
COPERFIL GROUP 704457Z SM -3700858.975 403826723
DTZ IBERICA ASES 1658Z SM -130770583.4 611187363
ELECTRODOMESTICO 1035184Z SM -89882980.98 104386627.5
ERICSSON NETWORK 4367417Z SM -30313203.28 358279281.1
FABRICAS AGRUPAD 3638319Z SM -32596694.58 286240670.7
FBEX PROMO INMOB 3745024Z SM -820001.0305 1142937522
FIAT GROUP AUTOM 4511067Z SM -30064519.13 367730368.2
FMC FORET SA 3642299Z SM -28605523.78 225458069.6
GALERIAS PRIMERO 3281527Z SM -2731015.072 124875853.4
GE POWER CONTROL 3744144Z SM -25412232.52 973735754.8
GENERAL MOTORS E 4286805Z SM -323089753.8 2783002632
GLENCORE ESPANA 3752336Z SM -24493084.81 140668008
HIDROCANTABRICO 4456745Z SM -213762090.5 376644969.1
INITEC ENERGIA S 3637759Z SM -1230006.429 256846609.3
ISOFOTON SA 1039291Z SM -401482382 218392769.3
JAZZ TELECOM SA 3646927Z SM -639496600.9 784724811
LA SIRENA ALIMEN 4375737Z SM -45848483.56 200881094.4
LEVANTINA Y ASOC 993382Z SM -47134829.4 798577836.1
MAGNETI MARELLI 3643903Z SM -6218714.533 169480205.1
MARTINSA FADESA MFAD PZ -3316202978 7060944147
MARTINSA FADESA 4PU GR -3316202978 7060944147
MARTINSA FADESA MTF EO -3316202978 7060944147
MARTINSA FADESA MTF1 LI -3316202978 7060944147
MARTINSA FADESA MTF EU -3316202978 7060944147
MARTINSA FADESA MTF SM -3316202978 7060944147
MARTINSA-FADESA MTF NR -3316202978 7060944147
NYESA VALORES CO NYE EU -99766729.91 812943907.9
NYESA VALORES CO BES EO -99766729.91 812943907.9
NYESA VALORES CO NYE EO -99766729.91 812943907.9
NYESA VALORES CO NYE SM -99766729.91 812943907.9
NYESA VALORES CO BES EU -99766729.91 812943907.9
NYESA VALORES CO BESS PZ -99766729.91 812943907.9
NYESA VALORES CO BES TQ -99766729.91 812943907.9
NYESA VALORES CO NYE TQ -99766729.91 812943907.9
NYESA VALORES CO 7NY GR -99766729.91 812943907.9
NYESA VALORES CO BES SM -99766729.91 812943907.9
ORANGE CATALUNYA 4365565Z SM -25422547.72 113962331.9
PANRICO SL 1087Z SM -132677120.8 1306407522
PULLMANTUR SA 301590Z SM -77746125.07 127835603
RANDSTAD EMPLEO 4285885Z SM -58878158.21 370434699.9
REAL ZARAGOZA SA 4285533Z SM -26642893.2 155342765.2
REYAL URBIS SA REY1 EU -425677105.6 5777458693
REYAL URBIS SA REY1 EO -425677105.6 5777458693
REYAL URBIS SA REY SM -425677105.6 5777458693
REYAL URBIS SA REYU PZ -425677105.6 5777458693
SA DE SUPERMERCA 4373489Z SM -24370843.85 162576231.9
SIDERURGICA SEVI 3755616Z SM -6175305.125 255962721.9
SOGECABLE MEDIA 3638359Z SM -3018000.191 182987292.3
SPANAIR 1174Z SM -592075778.7 449250970.6
SUPERMERCADOS CH 3635999Z SM -49108101.19 430829438.2
SUPERMERCADOS CO 4285781Z SM -6271873.083 110251382.6
TELEVISION AUTON 3772924Z SM -148813632.8 119454851.8
TIP TRAILERS ESP 3804444Z SM -11109283.92 130713925.8
TROPICAL TURISTI 3639071Z SM -25374266.69 535701945
TWINS ALIMENTACI 4381793Z SM -49677879.17 298164942.5
TYCO ELECTRONICS 2335265Z SM -120345346 343202188.9
UNITEC UNION TIE 3801344Z SM -23207409.48 131213302.5
UNIVERSAL MUSIC 3748312Z SM -113641266.3 100627411.6
VIA OPERADOR PET 4510507Z SM -22002322.05 129961207.4
SWEDEN
------
KAROLINEN FASTIG 4008644Z SS -906745.1282 122777361.3
PHADIA AB 842347Z SS -140406774.4 2127579095
STENA RECYCLING 4011316Z SS -10675550.11 346046832.8
SWEDISH MA-RE RT SWMASR SS -213512979.5 2124668074
SWEDISH MAT-ADR SWMA GR -213512979.5 2124668074
SWEDISH MAT-ADR 3053566Q US -213512979.5 2124668074
SWEDISH MATCH SWD LI -213512979.5 2124668074
SWEDISH MATCH AB SWMAEUR EU -213512979.5 2124668074
SWEDISH MATCH AB SWMA GK -213512979.5 2124668074
SWEDISH MATCH AB SWMA PZ -213512979.5 2124668074
SWEDISH MATCH AB SWMAUSD EO -213512979.5 2124668074
SWEDISH MATCH AB SWMA NR -213512979.5 2124668074
SWEDISH MATCH AB SWMA TQ -213512979.5 2124668074
SWEDISH MATCH AB SWMA LI -213512979.5 2124668074
SWEDISH MATCH AB SWMA SS -213512979.5 2124668074
SWEDISH MATCH AB SWMA EB -213512979.5 2124668074
SWEDISH MATCH AB SWMAGBP EO -213512979.5 2124668074
SWEDISH MATCH AB SWMA NQ -213512979.5 2124668074
SWEDISH MATCH AB SWMAGBX EO -213512979.5 2124668074
SWEDISH MATCH AB SWMAUSD EU -213512979.5 2124668074
SWEDISH MATCH AB SWMA IX -213512979.5 2124668074
SWEDISH MATCH AB SWMA EU -213512979.5 2124668074
SWEDISH MATCH AB SWMA QM -213512979.5 2124668074
SWEDISH MATCH AB SWMA EO -213512979.5 2124668074
SWEDISH MATCH AB SWM VX -213512979.5 2124668074
SWEDISH MATCH AB SWMA BY -213512979.5 2124668074
SWEDISH MATCH AB SWM GR -213512979.5 2124668074
SWEDISH MATCH AB SWMAF US -213512979.5 2124668074
SWEDISH MATCH AB SWMDF US -213512979.5 2124668074
SWEDISH MATCH AB SWMA S1 -213512979.5 2124668074
SWEDISH MATCH AB SWMAEUR EO -213512979.5 2124668074
SWEDISH MATCH AB SWMAGBX EU -213512979.5 2124668074
SWEDISH MATCH- B SWMWF US -213512979.5 2124668074
SWEDISH MATCH-B 3033P US -213512979.5 2124668074
SWEDISH MAT-RTS SWMYR US -213512979.5 2124668074
SWEDISH M-UN ADR SWMAY US -213512979.5 2124668074
TURKEY
------
BESIKTAS FUTBOL BJKAS TI -94748145.95 140991569.3
BESIKTAS FUTBOL BWX GR -94748145.95 140991569.3
BESIKTAS FUTBOL BJKASY TI -94748145.95 140991569.3
BESIKTAS FUTBOL BJKASM TI -94748145.95 140991569.3
BESIKTAS FUTBOL BKTFF US -94748145.95 140991569.3
EGS EGE GIYIM VE EGDIS TI -7732135.103 147075077.7
EGS EGE GIYIM-RT EGDISR TI -7732135.103 147075077.7
GALATASARAY SPOR GSY GR -4380459.912 184132637.7
GALATASARAY SPOR GATSF US -4380459.912 184132637.7
GALATASARAY SPOR GALA IX -4380459.912 184132637.7
GALATASARAY SPOR GSRAY TI -4380459.912 184132637.7
GALATASARAY-NEW GSRAYY TI -4380459.912 184132637.7
IKTISAT FINAN-RT IKTFNR TI -46900666.64 108228233.6
IKTISAT FINANSAL IKTFN TI -46900666.64 108228233.6
KEREVITAS GIDA KVTGF US -4054982.47 114054263.4
KEREVITAS GIDA KERVT TI -4054982.47 114054263.4
MUDURNU TAVUKC-N MDRNUN TI -64935052.1 160420187.4
MUDURNU TAVUKCUL MDRNU TI -64935052.1 160420187.4
SIFAS SIFAS TI -15439194.7 130608104
UKRAINE
-------
AZOVZAGALMASH MA AZGM UZ -42249438.53 336677635.6
DONETSKOBLENERGO DOON UZ -214112885.3 396954757.6
LUGANSKGAS LYGZ UZ -25247035.77 123851487
LUGANSKOBLENERGO LOEN UZ -28261772.82 197883850.6
MARIUP-GDR REG S M9X GR -11661586.28 260791838.5
MARIUP-GDR REG S MZVM IX -11661586.28 260791838.5
MARIUPOL HEAVY M MZVM UZ -11661586.28 260791838.5
NAFTOKHIMIK PRIC NAFP UZ -22522408.4 344629436.5
NAFTOKHIMIK-GDR N3ZA GR -22522408.4 344629436.5
ODESSA OIL REFIN ONPZ UZ -111365037.3 482408330.5
ZALK - PFTS ZALK UZ -43917605.26 146530718.8
UNITED KINGDOM
--------------
3I PLC 2346795Z LN -40072013.14 518266360.4
600 UK LTD 1282018Z LN -731250.5356 123671540.8
A & L CF DECEMBE 1449258Z LN -1168298.788 717098206
ABF GRAIN PRODUC 1276922Z LN -124487759.2 399205741
ACCIDENT EXCHANG 1927374L LN -33094543.84 273916447.7
ACE INA SERVICES 1442282Z LN -56846654.06 155841457.8
ACIS GROUP LTD 4159557Z LN -29529317.19 122639068.7
ACORN CARE AND E 1238567Z LN -70886168.8 120665053.6
ACROMAS HOLDINGS 3109266Z LN -2744136431 11102400350
AEA TECHNOLO-FPR AATF LN -254011230.2 116074481.7
AEA TECHNOLO-FPR AATF PZ -254011230.2 116074481.7
AEA TECHNOLOGY AAT PO -254011230.2 116074481.7
AEA TECHNOLOGY AAT VX -254011230.2 116074481.7
AEA TECHNOLOGY EAETF US -254011230.2 116074481.7
AEA TECHNOLOGY AAT IX -254011230.2 116074481.7
AEA TECHNOLOGY AEY GR -254011230.2 116074481.7
AEA TECHNOLOGY G AAT LN -254011230.2 116074481.7
AEA TECHNOLOGY G AATGBP EO -254011230.2 116074481.7
AEA TECHNOLOGY G AAT EO -254011230.2 116074481.7
AEA TECHNOLOGY G AAT PZ -254011230.2 116074481.7
AEA TECHNOLOGY G 89A GR -254011230.2 116074481.7
AEA TECHNOLOGY G AAT EU -254011230.2 116074481.7
AEA TECHNOLO-NPR AATN LN -254011230.2 116074481.7
AEA TECHNOLO-NPR AATN PZ -254011230.2 116074481.7
AFFINITI INTEGRA 1651064Z LN -641336281.2 234937228.8
AGA RANGEMASTER 4160101Z LN -135154885.9 370549810
AGORA SHOPPING C 214766Z LN -21850071.32 248692721.6
AIRTOURS PLC ATORF US -379721780.5 1817512774
AIRTOURS PLC AIR LN -379721780.5 1817512774
AIRTOURS PLC AIR VX -379721780.5 1817512774
ALAN DICK & CO H 2941227Z LN -146634457.4 106441879.6
ALBANY ASSISTANC 1679512Z LN -6889320.76 136534194.9
ALBANY VEHICLE R 1775873Z LN -6397402.932 178963029.1
ALCATEL-LUCENT T 2645055Z LN -8743499.127 423399404.1
ALIXPARTNERS LTD 2578482Z LN -20704239.37 115351021.9
ALLIANCE & LEICE 1603082Z LN -362196734.3 3707298376
ALLIANZ MANAGEME 4160221Z LN -60281459.6 149113920.3
ALTON TOWERS RES 4496763Z LN -10652990.57 233239679.4
AMER BUS SYS ARB LN -497126976 121439000
ANGLESEY ALUMINI 3899138Z LN -31293037.69 162854170.3
ANGLESEY ALUMINI 1363682Z LN -92021199.08 162854170.3
ANKER PLC DW14 GR -21861359.81 115463159
ANKER PLC ANK LN -21861359.81 115463159
ANKER PLC ANK PO -21861359.81 115463159
ANKER PLC - ASSD ANKC LN -21861359.81 115463159
ANKER PLC - ASSD ANKB LN -21861359.81 115463159
ANKER PLC-ASSD ANKA LN -21861359.81 115463159
APPERLEY REALISA 3951420Z LN -32792784.91 184057205.1
APPLE RETAIL UK 1237895Z LN -16281873.04 233983518.8
ARGENTA UNDERWRI 2619614Z LN -1752171.43 135965410.7
ASHWELL PROPERTY 4165857Z LN -192048023.3 200163088.3
ASPIRE HOUSING L 1820890Z LN -76622621.06 145635258.6
ASTRIUM LTD 2568578Z LN -83582811.42 443414715.3
AT KEARNEY HOLDI 4168565Z LN -712649.2612 420870276.2
ATKINS (WS) PLC ATKGBP EO -167977705.2 1532560636
ATKINS (WS) PLC 6W2 GK -167977705.2 1532560636
ATKINS (WS) PLC WATKF US -167977705.2 1532560636
ATKINS (WS) PLC ATK EO -167977705.2 1532560636
ATKINS (WS) PLC ATK QM -167977705.2 1532560636
ATKINS (WS) PLC ATK BQ -167977705.2 1532560636
ATKINS (WS) PLC WATKY US -167977705.2 1532560636
ATKINS (WS) PLC ATK TQ -167977705.2 1532560636
ATKINS (WS) PLC ATK NR -167977705.2 1532560636
ATKINS (WS) PLC ATK S1 -167977705.2 1532560636
ATKINS (WS) PLC ATK EB -167977705.2 1532560636
ATKINS (WS) PLC ATK EU -167977705.2 1532560636
ATKINS (WS) PLC 6W2 GR -167977705.2 1532560636
ATKINS (WS) PLC ATK VX -167977705.2 1532560636
ATKINS (WS) PLC ATK LN -167977705.2 1532560636
ATKINS (WS) PLC ATKEUR EO -167977705.2 1532560636
ATKINS (WS) PLC ATK PZ -167977705.2 1532560636
ATKINS (WS) PLC ATK NQ -167977705.2 1532560636
ATKINS (WS) PLC ATK PO -167977705.2 1532560636
ATKINS (WS) PLC ATK IX -167977705.2 1532560636
ATKINS (WS) PLC ATKEUR EU -167977705.2 1532560636
ATP OIL & GAS UK 1885966Z LN -60472161.29 263293265.1
AUTOMOBILE ASSOC 1479490Z LN -52415369.19 2231197485
AVAYA UK 1700688Z LN -28200251.54 331855473.3
AVIVA CENTRAL SE 4503755Z LN -118366561.9 856513593.7
AVIVA EMPLOYMENT 1749312Z LN -1680147587 169329942.7
BAE SYSTEMS INTE 2344987Z LN -27179921.77 518682274.2
BAE SYSTEMS LAND 1069210Z LN -74963208.91 373186409.6
BAE SYSTEMS LAND 1111359Z LN -532890637.3 384593854.4
BAE SYSTEMS PROP 1151751Z LN -87647151.12 896957185.8
BAE SYSTEMS SURF 1979118Z LN -459281987.9 278902868.6
BANNER HOMES WES 1434946Z LN -2194672.776 103230794
BARCHESTER HOLDC 4391889Z LN -29571912.71 1847591976
BARRACUDA GROUP 3636Z LN -395586366.9 328358578
BASINGHALL FINAN 1127799Z LN -9913804.539 605593711.5
BAT CHINA LTD 1281226Z LN -242792796.6 103934859.5
BAT UK & EXPORT 4509491Z LN -349911284.7 2485988824
BDP HOLDINGS LTD 3796920Z LN -4078321.526 113196276.2
BENTLEY MOTORS L 1376666Z LN -161438838.6 949891659.2
BETFAIR LTD 83844Z LN -18103010.97 446483786.1
BEZIER ACQUISITI 610152Z LN -57556435.01 153054878.1
BGE UK LTD 1653368Z LN -34093758.69 497857124.3
BIFFA LTD BIFF LN -380391564.8 3021695633
BIFFA PLC 3567279Q GR -380391564.8 3021695633
BIFFA PLC 2758822Q EO -380391564.8 3021695633
BIFFA PLC 2758806Q EO -380391564.8 3021695633
BIFFA PLC 2758798Q EO -380391564.8 3021695633
BIFFA PLC 2758818Q EU -380391564.8 3021695633
BIFFA PLC 2758802Q EO -380391564.8 3021695633
BIFFA PLC 2758794Q EU -380391564.8 3021695633
BIFFA PLC BIFF PZ -380391564.8 3021695633
BIFFA PLC BIFAF US -380391564.8 3021695633
BIFFA PLC BIFF IX -380391564.8 3021695633
BIRDS EYE IGLO 2332487Z LN -427711801.4 3363661535
BIRSE CIVILS LTD 1333506Z LN -17529759.02 148612506.4
BLACK & EDGINGTO BLE LN -124570092.3 130962299.8
BLUEWATER OPERAT 1685912Z LN -21362577.22 115391731
BLUEWATER UK LTD 1719216Z LN -41317209.46 139131490.7
BMI 1113Z LN -216730247.2 520473243.2
BNB RECRUITMENT BQX GR -10242625.55 103637705
BNB RECRUITMENT BNB PO -10242625.55 103637705
BNB RECRUITMENT BNB IX -10242625.55 103637705
BNB RECRUITMENT BNBRF US -10242625.55 103637705
BNB RECRUITMENT BNB LN -10242625.55 103637705
BODYCOTE HEAT TR 620598Z LN -8532256.336 101101483.7
BOLTON WANDERERS 1274042Z LN -51607913.21 134186447.2
BOSTON MAYFLOWER 1845650Z LN -38702577.78 104489726.5
BOVIS LEND LEASE 2540850Z LN -447807.1747 128240779.6
BP EXPLORATION A 1085738Z LN -11474454.61 1521107023
BP SHIPPING 1281618Z LN -33953796.77 422714181.4
BRADSTOCK GROUP BSKGF US -1855444.639 268563822.5
BRADSTOCK GROUP BDK LN -1855444.639 268563822.5
BRB RESIDUARY LT 2872503Z LN -300504689.6 399749459.7
BRICKAGENT LTD 1194055Z LN -6815890.411 330168624
BRIT BROADCAST 1517Z LN -582276768.4 4439917375
BRIT ENERGY LTD 523362Q LN -5822867501 4921095750
BRIT ENERGY PLC BEN1 GR -5822867501 4921095750
BRIT ENERGY PLC BHEGF US -5822867501 4921095750
BRIT ENERGY PLC BGYEF US -5822867501 4921095750
BRIT ENERGY PLC 555140Q VX -5822867501 4921095750
BRIT ENERGY-A BENA GR -5822867501 4921095750
BRIT ENERGY-ADR BHEFF US -5822867501 4921095750
BRITISH ENER-$US BGYD AR -5822867501 4921095750
BRITISH ENER-$US BGYNYD AR -5822867501 4921095750
BRITISH ENER-ADR BGYNY US -5822867501 4921095750
BRITISH ENER-BLK BGYNYB AR -5822867501 4921095750
BRITISH ENER-BLK BGYB AR -5822867501 4921095750
BRITISH ENER-C/E BGYNYC AR -5822867501 4921095750
BRITISH ENER-C/E BGYC AR -5822867501 4921095750
BRITISH ENER-CED BGY AR -5822867501 4921095750
BRITISH ENER-CED BGYNY AR -5822867501 4921095750
BRITISH ENERGY-A BGYA PO -5822867501 4921095750
BRITISH ENERGY-A 3012442Q LN -5822867501 4921095750
BRITISH ENERGY-A BHEAF US -5822867501 4921095750
BRITISH ENERGY-A BGYGF US -5822867501 4921095750
BRITISH ENERGY-A BGYA VX -5822867501 4921095750
BRITISH TRANSPOR 4015740Z LN -283990419.8 154845540.2
BRIXTON GREAT WE 1242343Z LN -24193317.48 164120047.9
BT SWITZERLAND L 1924382Z LN -33792470.09 108013506.1
BTG INTERNATIONA 2815068Z LN -15299768.54 384925017.9
BUNZL VENDING SE 1626514Z LN -3627717.453 117295226
BURNDEN LEISURE BDL LN -34303346.66 148833324.3
CALSONIC KANSEI 1541442Z LN -38998494.18 298627314.6
CALSONIC KANSEI 2730264Z LN -112686897.5 233439821
CANARY WHARF FIN 1198063Z LN -133871013.2 4239121844
CARILLION CONSTR 1328554Z LN -62296373.48 2641870601
CARILLION SERVIC 1692592Z LN -6947459.591 181597321.7
CARISBROOKE ANGL 3815488Z LN -67887962.81 125396545.6
CATTLES PLC CZS GR -599615492.2 3880885246
CATTLES PLC CTT PZ -599615492.2 3880885246
CATTLES PLC CHOXF US -599615492.2 3880885246
CATTLES PLC CTTSEK EO -599615492.2 3880885246
CATTLES PLC CTT EU -599615492.2 3880885246
CATTLES PLC CTTEUR EU -599615492.2 3880885246
CATTLES PLC CTTUSD EO -599615492.2 3880885246
CATTLES PLC CTT LN -599615492.2 3880885246
CATTLES PLC CTTUSD EU -599615492.2 3880885246
CATTLES PLC CTT VX -599615492.2 3880885246
CATTLES PLC CTTGBP EO -599615492.2 3880885246
CATTLES PLC CTT BQ -599615492.2 3880885246
CATTLES PLC CTT NR -599615492.2 3880885246
CATTLES PLC CTTEUR EO -599615492.2 3880885246
CATTLES PLC CTT QM -599615492.2 3880885246
CATTLES PLC CTT IX -599615492.2 3880885246
CATTLES PLC CTT TQ -599615492.2 3880885246
CATTLES PLC CTT EO -599615492.2 3880885246
CATTLES PLC CTT NQ -599615492.2 3880885246
CATTLES PLC CTT PO -599615492.2 3880885246
CATTLES PLC CTT EB -599615492.2 3880885246
CATTLES PLC CTTSEK EU -599615492.2 3880885246
CATTLES PLC-ADR CHOXY US -599615492.2 3880885246
CATTLES PLC-FPR CTTF PZ -599615492.2 3880885246
CATTLES PLC-FPR CTTF LN -599615492.2 3880885246
CATTLES PLC-NPR CTTN LN -599615492.2 3880885246
CATTLES PLC-NPR CTTN PZ -599615492.2 3880885246
CATTLES PLC-NPR 2843734Q EO -599615492.2 3880885246
CATTLES PLC-NPR 2843730Q EU -599615492.2 3880885246
CATTLES PLC-NPR 2843726Q EO -599615492.2 3880885246
CATTLES PLC-NPR CTTN IX -599615492.2 3880885246
CATTLES PLC-NPR CCTN PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR PZ -599615492.2 3880885246
CATTLES PLC-RFD CTTR IX -599615492.2 3880885246
CATTLES PLC-RFD CTTR LN -599615492.2 3880885246
CENTRICA NORWAY 2715576Z LN -80242474.89 583750056.8
CENTRICA SHB LTD 1619386Z LN -17242062.52 1058303961
CHANNEL 5 TELEVI 93306Z LN -61651242.02 459075420.3
CHELSEA FOOTBALL 1508858Z LN -594070533.6 390331439.9
CHRYSALIS GROUP CHSUSD EO -16399845.81 124838262.3
CHRYSALIS GROUP CHS EO -16399845.81 124838262.3
CHRYSALIS GROUP HR4 GR -16399845.81 124838262.3
CHRYSALIS GROUP CHS EU -16399845.81 124838262.3
CHRYSALIS GROUP CHSEUR EU -16399845.81 124838262.3
CHRYSALIS GROUP CHSUSD EU -16399845.81 124838262.3
CHRYSALIS GROUP CHSGBP EO -16399845.81 124838262.3
CHRYSALIS GROUP CYGUF US -16399845.81 124838262.3
CHRYSALIS GROUP CHSEUR EO -16399845.81 124838262.3
CHRYSALIS GROUP CHS PO -16399845.81 124838262.3
CHRYSALIS GROUP CHS LN -16399845.81 124838262.3
CHRYSALIS GROUP CLYSF US -16399845.81 124838262.3
CHRYSALIS GROUP CHS PZ -16399845.81 124838262.3
CHRYSALIS GROUP CHS VX -16399845.81 124838262.3
CHRYSALIS GROUP 5CY GR -16399845.81 124838262.3
CHRYSALIS GROUP CHS IX -16399845.81 124838262.3
CITY INN LTD 2196980Z LN -58757237.01 347215498.4
CLIPPER WINDPOWE CWP EU -168322000 436419008
CLIPPER WINDPOWE 3470635Q LN -168322000 436419008
CLIPPER WINDPOWE C2W GR -168322000 436419008
CLIPPER WINDPOWE CWP PG -168322000 436419008
CLIPPER WINDPOWE CWP IX -168322000 436419008
CLIPPER WINDPOWE CWPA LN -168322000 436419008
CLIPPER WINDPOWE CWP LN -168322000 436419008
CLIPPER WINDPOWE CWP PZ -168322000 436419008
CLIPPER WINDPOWE CWP EO -168322000 436419008
CLIPPER WINDPOWE CRPWF US -168322000 436419008
CODEMASTERS SOFT 1522434Z LN -139317421.8 165497678
COLAS RAIL LTD 4515415Z LN -7305847.237 121887967.1
COMMERCIAL VEHIC 1575514Z LN -19637.28046 146760852
COMMUNITY HOUSIN 4448257Z LN -14511411.3 202470921.6
COMO HOLDINGS UK 3818576Z LN -23709992.86 122013803.9
CONNECT M77/GSO 2028763Z LN -30886645.59 222325514.3
CONNECT UTILITIE 2112683Z LN -3401577.872 137324627.2
CONVENIENCE FOOD 1555794Z LN -22712290.27 762249431.8
COOLKEERAGH ESB 4471679Z LN -52669832.08 317763242.1
CORAL ESTATES LT 1077210Z LN -2705934.021 167720044.9
COTT BEVERAGES L 605912Z LN -16895546.47 184391857.8
COTT RETAIL BRAN 4499739Z LN -15275862.4 184176726.3
CPI MORTARS LTD 1751696Z LN -24785356.36 119460176.9
CROSBY GROUP PLC 237335Z LN -110125991.6 336586360.4
CROSS KEYS HOMES 2008711Z LN -123895266.7 168685502.5
CROWN BLUE LINE 1369234Z LN -4505817.837 108693619.6
CSC METROCENTRE 1203663Z LN -177523497.7 231888247
CUCINA LUX INVES 4503083Z LN -332083965.3 3040705457
DANE HOUSING GRO 1773129Z LN -27596778.77 113099606.8
DANKA BUS SYSTEM 3205287Q EU -497126976 121439000
DANKA BUS SYSTEM 3205283Q EO -497126976 121439000
DANKA BUS SYSTEM DNK PZ -497126976 121439000
DANKA BUS SYSTEM DNK IX -497126976 121439000
DANKA BUS SYSTEM DNK PO -497126976 121439000
DANKA BUS SYSTEM DANKF US -497126976 121439000
DANKA BUS SYSTEM 3205291Q EO -497126976 121439000
DANKA BUS SYSTEM DNK LN -497126976 121439000
DANKA BUS SYSTEM DNK VX -497126976 121439000
DANKA BUS-$US CE DANKD AR -497126976 121439000
DANKA BUS-ADR DB6 GR -497126976 121439000
DANKA BUS-ADR DANKY US -497126976 121439000
DANKA BUS-ADR AP39 LI -497126976 121439000
DANKA BUS-ADR DANKE US -497126976 121439000
DANKA BUS-BLK CE DANKB AR -497126976 121439000
DANKA BUS-C/E CE DANKC AR -497126976 121439000
DANKA BUS-CEDEAR DANK AR -497126976 121439000
DCK GROUP LTD 4006628Z LN -23972516.74 108515833.6
DELTA 3 UK LTD 4087083Z LN -2278970462 8024284919
DERBY TELEGRAPH 1289578Z LN -1870558.999 120329230.3
DHL EXPRESS UK L 1564450Z LN -588968969.9 178269906.1
DIAMOND RESORT H 1710824Z LN -33182092.85 203141679.9
DIAMOND RESORTS 1578906Z LN -53932408.74 189968468
DIGNITY PLC DTYGBP EO -7483559.99 645145234.1
DIGNITY PLC DTY LN -7483559.99 645145234.1
DIGNITY PLC DGNYF US -7483559.99 645145234.1
DIGNITY PLC DTY EU -7483559.99 645145234.1
DIGNITY PLC DTY EB -7483559.99 645145234.1
DIGNITY PLC DTY EO -7483559.99 645145234.1
DIGNITY PLC DTYUSD EU -7483559.99 645145234.1
DIGNITY PLC DN8 GR -7483559.99 645145234.1
DIGNITY PLC DTY NQ -7483559.99 645145234.1
DIGNITY PLC DTYEUR EO -7483559.99 645145234.1
DIGNITY PLC DTY QM -7483559.99 645145234.1
DIGNITY PLC DTY PZ -7483559.99 645145234.1
DIGNITY PLC DN8A GR -7483559.99 645145234.1
DIGNITY PLC DN8B GR -7483559.99 645145234.1
DIGNITY PLC DTY IX -7483559.99 645145234.1
DIGNITY PLC DTY BQ -7483559.99 645145234.1
DIGNITY PLC DTY VX -7483559.99 645145234.1
DIGNITY PLC DTYUSD EO -7483559.99 645145234.1
DIGNITY PLC DTY PO -7483559.99 645145234.1
DIGNITY PLC DTY S1 -7483559.99 645145234.1
DIGNITY PLC DTY NR -7483559.99 645145234.1
DIGNITY PLC DTY TQ -7483559.99 645145234.1
DIGNITY PLC DTYEUR EU -7483559.99 645145234.1
DIGNITY PLC DN8A GK -7483559.99 645145234.1
DISNEY MAGIC CO 1182559Z LN -5415863.48 393500085
DISPOSABLE SOFT 1124335Z LN -25554763.54 154077028.1
DONCASTERS PLC 2248Z LN -317308195.4 1941958348
DONCASTERS-ADR 295664Q US -317308195.4 1941958348
DRIVE ASSIST HOL 3641135Z LN -97603977.94 738866338.9
DTZ DEBENHAM TIE 1637608Z LN -65367918.17 431959182
E ON RUHRGAS UK 1671208Z LN -182307521 370250605.6
E ON UK CHP LTD 2642428Z LN -475664052.2 262876104.5
EASYJET AIRLINE 2828740Z LN -48690159.99 3487432812
EASYNET GROUP ESY LN -60380605.51 334049332.2
EASYNET GROUP ESY PO -60380605.51 334049332.2
EASYNET GROUP EAY GR -60380605.51 334049332.2
EASYNET GROUP EZNGF US -60380605.51 334049332.2
EASYNET GROUP ESY VX -60380605.51 334049332.2
EASYNET GROUP-CV 91009Z LN -60380605.51 334049332.2
ECONOMIST NEWSPA 6888Z LN -2941080.267 399071232.6
EDF ENERGY 1 LTD 1201287Z LN -185411355.3 354815290.3
ELECTROLUX PLC 2830657Z LN -35611895.33 621721997.2
EMCOR GROUP UK P 376717Z LN -3523625.215 201259239.8
EMCOR UK LTD 4510091Z LN -1583152.765 200493228.1
EMI GROUP -ASSD EMIA LN -2265916257 2950021937
EMI GROUP LTD EMI LN -2265916257 2950021937
EMI GROUP PLC 3020138Q GR -2265916257 2950021937
EMI GROUP PLC EMIPF US -2265916257 2950021937
EMI GROUP PLC EMI VX -2265916257 2950021937
EMI GROUP PLC EMI IX -2265916257 2950021937
EMI GROUP PLC EMI PO -2265916257 2950021937
EMI GROUP PLC-B 1019425Q LN -2265916257 2950021937
EMI GROUP-ADR 38IS LN -2265916257 2950021937
EMI GROUP-ADR EMIPY US -2265916257 2950021937
EMI GROUP-ADR EMI$ LN -2265916257 2950021937
ENERGY POWER RES 510443Z LN -93963662.92 168611857.1
EQUINITI LTD 977621Z LN -93668087.43 951504738.1
EQUITY INSURANCE 1284698Z LN -17694968.8 178126828.2
ERM-EUROPE LTD 1539482Z LN -6189230.383 168410403.4
ESPORTA HEALTH & 1689624Z LN -15075296.84 156183034.4
EUROPEAN HOME EHREUR EU -14328735.16 110864081.4
EUROPEAN HOME EHR EU -14328735.16 110864081.4
EUROPEAN HOME FPAKF US -14328735.16 110864081.4
EUROPEAN HOME EHRGBP EO -14328735.16 110864081.4
EUROPEAN HOME KLZ PO -14328735.16 110864081.4
EUROPEAN HOME KLZ VX -14328735.16 110864081.4
EUROPEAN HOME EHR PO -14328735.16 110864081.4
EUROPEAN HOME EHREUR EO -14328735.16 110864081.4
EUROPEAN HOME EHR VX -14328735.16 110864081.4
EUROPEAN HOME EHR EO -14328735.16 110864081.4
EUROPEAN HOME EHR PZ -14328735.16 110864081.4
EUROPEAN HOME EHR LN -14328735.16 110864081.4
EUROSTAR INTERNA 4379945Z LN -2612284156 558131218.9
EXXONMOBIL MARIN 1196527Z LN -11436778.26 350633878.1
FAIRLINE BOATS H 4498779Z LN -13944238.58 114504852.8
FAREPAK PLC FPK LN -14328735.16 110864081.4
FIAT GROUP AUTOM 3899922Z LN -7664234.882 421296185.4
FINANCIAL SERVIC 2630281Z LN -167558381.3 246856182.8
FIRST CHOICE HOL 1098394Z LN -599861682.6 608849393.2
FIRST MANCHESTER 1651368Z LN -24200051.04 144244194.9
FITNESS FIRST CL 1734144Z LN -4542316.813 262997348.7
FITNESS FIRST GR 4501843Z LN -831355754.2 1655609515
FLUKE PRECISION 1429402Z LN -991319.9558 125904210.3
FLYBE LTD 6621Z LN -118366561.9 450450527.2
FORD MOTOR CO LT 1291306Z LN -493779397.8 5534240380
FOUR SEASONS HEA 1865450Z LN -103869946 365540616
FUNDING CORP LTD 4157637Z LN -28925795.68 201083535.3
FW FARNSWORTH LT 1293386Z LN -38614609.29 102562597.5
GALA GROUP LTD 19374Z LN -1443271177 5876950503
GALIFORM CORPORA 1478794Z LN -47866839.4 904819053.8
GAMESTEC LEISURE 1432626Z LN -26296700.79 146168301.5
GARTLAND WHALLEY GWB LN -10986768.6 145352034.5
GDF SUEZ MARKETI 4502811Z LN -34122449.42 563945963.1
GE CALEDONIAN LT 2178340Z LN -54963000.56 439227996.7
GE CAPITAL EQUIP 2563466Z LN -3085527.46 119650545.9
GE MONEY SECURED 1194559Z LN -118319538.8 890770764.4
GENERAL MOTORS 1062338Z LN -912103488.1 2014993677
GLAXOSMITHKLINE 1426Z LN -14428237.79 13870592118
GLEESON DEVELOPM 3950756Z LN -65495092 111803622.2
GLOBAL CROSSING 3629883Z LN -353965082.8 492328850.3
GLOBAL RADIO SER 4171741Z LN -66177933.43 124610180.3
GO-AHEAD GRO-ADR GHGUY US -22138864.97 1524307576
GO-AHEAD GROUP GOGGBP EO -22138864.97 1524307576
GO-AHEAD GROUP GOG VX -22138864.97 1524307576
GO-AHEAD GROUP GOG TQ -22138864.97 1524307576
GO-AHEAD GROUP GOG IX -22138864.97 1524307576
GO-AHEAD GROUP GOGUSD EU -22138864.97 1524307576
GO-AHEAD GROUP GOG PZ -22138864.97 1524307576
GO-AHEAD GROUP GOG EU -22138864.97 1524307576
GO-AHEAD GROUP GOGEUR EU -22138864.97 1524307576
GO-AHEAD GROUP GOG NQ -22138864.97 1524307576
GO-AHEAD GROUP GOG S1 -22138864.97 1524307576
GO-AHEAD GROUP G9X GR -22138864.97 1524307576
GO-AHEAD GROUP GOG PO -22138864.97 1524307576
GO-AHEAD GROUP GHGUF US -22138864.97 1524307576
GO-AHEAD GROUP GOG LN -22138864.97 1524307576
GO-AHEAD GROUP GOG BQ -22138864.97 1524307576
GO-AHEAD GROUP GOG NR -22138864.97 1524307576
GO-AHEAD GROUP GOG EO -22138864.97 1524307576
GO-AHEAD GROUP G9X GK -22138864.97 1524307576
GO-AHEAD GROUP GOG QM -22138864.97 1524307576
GO-AHEAD GROUP GOGUSD EO -22138864.97 1524307576
GO-AHEAD GROUP GOGEUR EO -22138864.97 1524307576
GO-AHEAD GROUP GOG EB -22138864.97 1524307576
GONDOLA GROUP LT 4499995Z LN -284524422.8 1496226646
GOODRICH CONTROL 3631571Z LN -204049997.3 694498740.9
GOODYEAR DUNLOP 3894550Z LN -191322012.8 287023355
GRAINGER FINANCE 1850494Z LN -22474336.95 1950379725
GRANT THORNTON U 961842Z LN -53048686.7 407603310
GREEN (E) & PART GEP LN -32392901.23 196106689.5
HALDEX CONCENTRI 4160093Z LN -29953316.08 111499657.3
HARMSWORTH PRINT 1552314Z LN -10886430.88 200919014.7
HARMSWORTH PRINT 1719464Z LN -20627005.31 199220095.8
HARMSWORTH QUAYS 1552378Z LN -104222080.4 297855927.3
HAS ACCIDENT MAN 3815368Z LN -15457607.26 491008239.2
HAYMARKET GROUP 4158941Z LN -100498143 307693877.6
HELPHIRE FINANCE 1704464Z LN -6187093.256 120517778.6
HESS INDONESIA P 1705776Z LN -56622019.25 582889084.6
HOGG ROBINSON GR HRG LN -25479764.27 756214238.4
HOGG ROBINSON GR HRGEUR EU -25479764.27 756214238.4
HOGG ROBINSON GR HRG EU -25479764.27 756214238.4
HOGG ROBINSON GR HOGGF US -25479764.27 756214238.4
HOGG ROBINSON GR HRG EO -25479764.27 756214238.4
HOGG ROBINSON GR DQX GR -25479764.27 756214238.4
HOGG ROBINSON GR HRG VX -25479764.27 756214238.4
HOGG ROBINSON GR HRGEUR EO -25479764.27 756214238.4
HOGG ROBINSON GR HRG S1 -25479764.27 756214238.4
HOGG ROBINSON GR HRG PZ -25479764.27 756214238.4
HOGG ROBINSON GR HRG IX -25479764.27 756214238.4
HOGG ROBINSON GR HRGGBP EO -25479764.27 756214238.4
HOLIDAY AUTOS IN 1155863Z LN -52099341.51 222704774.4
HOME RETAIL GROU 1897678Z LN -70921714.17 750699513.1
HOUSE FRASER-ADR HOFSY US -14410799.86 200149998.1
HOUSE FRASER-ADR HSFRY US -14410799.86 200149998.1
HOUSE OF FRASER HOF PZ -14410799.86 200149998.1
HOUSE OF FRASER HOF VX -14410799.86 200149998.1
HOUSE OF FRASER HOF PO -14410799.86 200149998.1
HOUSE OF FRASER HSFRF US -14410799.86 200149998.1
HOUSE OF FRASER HOF LN -14410799.86 200149998.1
HOUSE OF FRASER HOF IX -14410799.86 200149998.1
HUTCHISON 3G UK 265923Z LN -2558478023 10215382954
HUTCHISON 3G UK 1870250Z LN -10150197192 10089105316
HYDREX HOLDINGS 4156949Z LN -150849963.2 145584295.2
IG GROUP LTD 4502843Z LN -1592321157 220229260.6
IKANO FINANCIAL 2599182Z LN -11016514.34 150562302.2
INCOMMUNITIES GR 4508531Z LN -49295282.29 378434758.9
INEOS GROUP HLDG 6623Z LN -798534470.8 15936006904
INEOS MANUFACTUR 2170452Z LN -6726362.412 1831309315
INEOS VINYLS UK 1072618Z LN -236733123.8 260899630.2
INFORMA UK LTD 699186Z LN -288113629.1 1264298680
INN ON THE PARK 1111959Z LN -7177632.816 136376673.9
INSPIRED GAMING 1181783Z LN -87284373.38 396170831.1
INTELLIGENT FINA 1645352Z LN -15789097.29 146432108.1
INTELLIGENT PROC 1897878Z LN -16714344.93 183346516.4
INTERFLOOR GROUP 317371Z LN -4692809.598 114809869.5
INTERNATIONAL RE 1074242Z LN -43218061.61 121397915.9
INTERNATIONAL TR 1647720Z LN -2256724.849 114588447.6
IRANIAN OIL CO U 1380570Z LN -88170857.4 370135921.5
JARVIS PLC JRVS EU -64739862.73 130951086
JARVIS PLC JRVSGBP EO -64739862.73 130951086
JARVIS PLC JRVS PZ -64739862.73 130951086
JARVIS PLC JVR GR -64739862.73 130951086
JARVIS PLC JRVS VX -64739862.73 130951086
JARVIS PLC JRVS PO -64739862.73 130951086
JARVIS PLC JRVS IX -64739862.73 130951086
JARVIS PLC JRVSEUR EO -64739862.73 130951086
JARVIS PLC JRVS LN -64739862.73 130951086
JARVIS PLC JRVSEUR EU -64739862.73 130951086
JARVIS PLC JRVS EO -64739862.73 130951086
JARVIS PLC JVSPF US -64739862.73 130951086
JDR ENTERPRISES 3947788Z LN -6557452.2 161501211
JESSOPS PLC JSP VX -42702018.35 112964060.4
JESSOPS PLC JSPEUR EU -42702018.35 112964060.4
JESSOPS PLC JS4 GR -42702018.35 112964060.4
JESSOPS PLC JSP PO -42702018.35 112964060.4
JESSOPS PLC JSP EO -42702018.35 112964060.4
JESSOPS PLC JSPEUR EO -42702018.35 112964060.4
JESSOPS PLC JSP IX -42702018.35 112964060.4
JESSOPS PLC JSP LN -42702018.35 112964060.4
JESSOPS PLC JSPGBP EO -42702018.35 112964060.4
JESSOPS PLC JSP EU -42702018.35 112964060.4
JESSOPS PLC JSP PZ -42702018.35 112964060.4
JS BLOOR SWINDON 1568906Z LN -6114543.554 105908043.2
JVC EUROPE LTD 2667041Z LN -2824766.239 131996942.9
KELLOGG MANAGEME 1739336Z LN -5288683.744 348135786.3
KEW GREEN HOTELS 1031803Z LN -1599263.515 287896510.3
KIA MOTORS UK LT 1985990Z LN -34025454.6 315596502.8
KIER DEVELOPMENT 86900Z LN -2166596.478 236323651
KILMARTIN HOLDIN 3589161Z LN -32467784.16 576731039.1
KILMARTIN PROPER 534862Z LN -37743228.9 444220212.7
KLEENEZE PLC KLZ LN -14328735.16 110864081.4
KNIGHTSTONE HOUS 4158133Z LN -15308739.92 279866238.1
KODAK LTD 1275242Z LN -180673404.9 661044368.6
KOP FOOTBALL HOL 3315203Z LN -214487094.9 590218957.6
KOP FOOTBALL LTD 901297Z LN -105207451.9 474568063.7
LAING O'ROURKE S 1963302Z LN -16954145.38 143873589.8
LANCASTER INVEST 1575538Z LN -49629875.36 118967854.4
LAPSENT LTD 203678Z LN -26875940.03 200397842.7
LAST MINUTE NETW 1180895Z LN -422618140.3 473430973.8
LATIMER GROUP LT 4089809Z LN -397652099.9 909970808.9
LEGAL & GENERAL 1575290Z LN -8846197.262 126569938.1
LGC LTD 161695Z LN -44759203.51 163172696.4
LINK FINANCIAL 3041Z LN -63296738.93 226722478.9
LIONCOVER INSURA 1120431Z LN -221632.1611 741441082.5
LLOYDS TSB CORPO 2045779Z LN -7210252.406 310036480.9
LLOYDS TSB EQUIP 1214495Z LN -661481.4498 334557469.7
LLOYDS TSB EQUIP 1238423Z LN -1919544.165 270438080.8
LOGICA INTERNATI 2562234Z LN -204054196.2 183833558.7
LOMBARD CORPORAT 1162975Z LN -7309362.404 198951662.4
LOMBARD CORPORAT 1131527Z LN -12385559.45 212891317.9
LOMBARD VEHICLE 1503522Z LN -1267689.428 354373524.8
LONDON ORGANISIN 2707808Z LN -111194464.2 319902766.9
LONDON TOWN PLC LTW EO -21897636.36 175672299.2
LONDON TOWN PLC LTWR LN -21897636.36 175672299.2
LONDON TOWN PLC LTW LN -21897636.36 175672299.2
LONDON TOWN PLC LOU GR -21897636.36 175672299.2
LONDON TOWN PLC LTWX LN -21897636.36 175672299.2
LONDON TOWN PLC LTW PG -21897636.36 175672299.2
LONDON TOWN PLC LTW EU -21897636.36 175672299.2
LONDON TOWN PLC LTW IX -21897636.36 175672299.2
LONDON TOWN PLC LTW PO -21897636.36 175672299.2
LONDON TOWN PLC LTW PZ -21897636.36 175672299.2
L'OREAL UK LTD 1294866Z LN -38243907.35 469320156.2
LOTUS CARS LTD 1361858Z LN -7107957.891 164348111.9
LOTUS GROUP INTE 144299Z LN -6401594.745 177891981.7
LYNN WIND FARM L 3953012Z LN -10085817.46 285246974.4
MAKRO SELF SERVI 1373618Z LN -164720222.7 400641220.4
MANCHESTER CITY 2348397Z LN -67944775.11 542937877.7
MANSFORD HOLDING 253659Z LN -4565898.062 650742111.3
MAPELEY STEPS CO 1914846Z LN -44982581.48 112862516.8
MARSH SERVICES L 1701416Z LN -523772036.4 121325725.9
MAYBOURNE HOTELS 1824362Z LN -7342720.585 243776690.2
MBDA UK LTD 1720864Z LN -24824098.4 1872164454
MCINERNEY GROUP 1967014Z LN -39888859.48 221805262.1
MCINERNEY HOMES 1688792Z LN -40656839.54 139495247.7
MEDIAEDGE CIA UK 1912470Z LN -43196912.2 117183919.6
MEDIMMUNE LTD 1596402Z LN -18333665.25 353092399.2
MENZIES HOTELS H 4496419Z LN -4625874.656 352267990.8
MENZIES HOTELS O 2527986Z LN -26869545.88 137849610.2
MIDDLESEX CABLE 1598242Z LN -170219219.9 108664527.9
MIDLAND EXPRESSW 583730Z LN -21453585.64 1190959618
MILLENNIUM STADI 1727672Z LN -10005942.39 176877728.5
MILLER HOMES 2220892Z LN -31021993.81 983811413
MNAIP LTD 2018815Z LN -8594175.012 140270204.8
MONARCH HOLDINGS 4502027Z LN -65326834.3 774720668.6
MOTO HOSPITALITY 1344378Z LN -151994623.3 1110023228
MYTRAVEL GROUP MT/S VX -379721780.5 1817512774
MYTRAVEL GROUP MYTPF US -379721780.5 1817512774
MYTRAVEL GROUP MT/S LN -379721780.5 1817512774
MYTRAVEL GROUP MT/S PO -379721780.5 1817512774
MYTRAVEL GROUP 3544280Q IX -379721780.5 1817512774
MYTRAVEL GROUP ARO2 GR -379721780.5 1817512774
MYTRAVEL GROUP P MT/ VX -379721780.5 1817512774
MYTRAVEL GROUP P MYTGF US -379721780.5 1817512774
MYTRAVEL GROUP P 1018144Q GR -379721780.5 1817512774
MYTRAVEL GROUP-A MYTVF US -379721780.5 1817512774
MYTRAVEL GROUP-A 2281919Q GR -379721780.5 1817512774
MYTRAVEL TOUR OP 1190295Z LN -1403641162 2477169600
NACCO MATERIALS 1141567Z LN -7118433.514 147004693.9
NATIONAL AUSTRAL 2191908Z LN -381192.6999 369122665.5
NATIONS HEALTHCA 623142Z LN -72928597.94 110273248.2
NCR LTD 3083521Z LN -221436502.9 354267221.2
NESTLE UK LTD 1274562Z LN -441369183.5 1411557990
NEW LINX HOUSING 1801057Z LN -12040509.71 233111422.6
NEW LOOK RETAIL 2711544Z LN -400438791.5 2225635874
NEW STAR ASSET NSAM PO -397718038 292972732.1
NEW STAR ASSET NSAM LN -397718038 292972732.1
NEW STAR ASSET NSAM IX -397718038 292972732.1
NEW STAR ASSET NSAA LN -397718038 292972732.1
NEW STAR ASSET 3226439Q EU -397718038 292972732.1
NEW STAR ASSET NSAM TQ -397718038 292972732.1
NEW STAR ASSET NSAM PZ -397718038 292972732.1
NEW STAR ASSET NWSAF US -397718038 292972732.1
NEW STAR ASSET 3226443Q EO -397718038 292972732.1
NEW STAR ASSET 3226431Q EU -397718038 292972732.1
NEW STAR ASSET N6S GR -397718038 292972732.1
NEW STAR ASSET 3226435Q EO -397718038 292972732.1
NEW STAR ASSET 3226447Q EO -397718038 292972732.1
NEWCASTLE UNITED 4380361Z LN -84704702.71 255597482.6
NEWCASTLE UNITED 1060322Z LN -95555794.95 260472311.5
NIKKO PRINCIPAL 815703Z LN -162068875.3 256750134.5
NORBAIN GROUP LT 4007676Z LN -15436972.45 108956420.2
NORTHERN ELEC FI 28944Z US -1130359.983 408059954
NORTHERN ELECTRI 1160759Z LN -1130359.983 408059954
NORTHERN FO-ASSD NFDA LN -70166103.48 924672036.4
NORTHERN FOODS NFDS VX -70166103.48 924672036.4
NORTHERN FOODS NFDS PO -70166103.48 924672036.4
NORTHERN FOODS NFO GK -70166103.48 924672036.4
NORTHERN FOODS NFDS EO -70166103.48 924672036.4
NORTHERN FOODS NFDS NR -70166103.48 924672036.4
NORTHERN FOODS NFO GR -70166103.48 924672036.4
NORTHERN FOODS NFDS QM -70166103.48 924672036.4
NORTHERN FOODS NFDS BQ -70166103.48 924672036.4
NORTHERN FOODS NFDS NQ -70166103.48 924672036.4
NORTHERN FOODS NFDS EB -70166103.48 924672036.4
NORTHERN FOODS NFDSGBP EO -70166103.48 924672036.4
NORTHERN FOODS NFDS EU -70166103.48 924672036.4
NORTHERN FOODS NTFOF US -70166103.48 924672036.4
NORTHERN FOODS NFDS S1 -70166103.48 924672036.4
NORTHERN FOODS NFDSUSD EU -70166103.48 924672036.4
NORTHERN FOODS NFDSEUR EO -70166103.48 924672036.4
NORTHERN FOODS NFDS IX -70166103.48 924672036.4
NORTHERN FOODS NFDS TQ -70166103.48 924672036.4
NORTHERN FOODS NFDS LN -70166103.48 924672036.4
NORTHERN FOODS NFDSUSD EO -70166103.48 924672036.4
NORTHERN FOODS NFDSEUR EU -70166103.48 924672036.4
NORTHERN FOODS NFDS PZ -70166103.48 924672036.4
NORTHERN FOODS P NFDR LN -70166103.48 924672036.4
NORTHERN FOO-NEW NFDN LN -70166103.48 924672036.4
NORTHERN FOO-RFD 650060Q LN -70166103.48 924672036.4
NOVAR ED&S LTD 1286578Z LN -51664317.66 171098635.4
NOVELIS UK LTD 1295610Z LN -29354907.35 167393334.2
NPIL HOLDCO LTD 3641071Z LN -174437379.8 865144704.3
NPOWER GAS LTD 1689816Z LN -466594411 568335416.1
NPOWER LTD 1185599Z LN -352930656.8 4019259247
NPOWER NORTHERN 1779169Z LN -251096564.1 2185949264
NTL COMMUNICATIO 1773729Z LN -301208075.9 954738393.1
NTL MIDLANDS LTD 1579698Z LN -1174963.948 459374901.9
OAKHILL GROUP LT 4499435Z LN -10360362.13 225866415.8
ODEON & UCI CINE 3489372Z LN -343984749.9 1063234218
O-I MANUFACTURIN 1320610Z LN -15447837.01 127695517.6
OPTIMUM CARE LTD 3951796Z LN -23827846.5 131314548.6
ORBIS PLC OBS PO -4168493.8 127701679.5
ORBIS PLC OBS IX -4168493.8 127701679.5
ORBIS PLC OBS PZ -4168493.8 127701679.5
ORBIS PLC RLP GR -4168493.8 127701679.5
ORBIS PLC OBS LN -4168493.8 127701679.5
ORBIS PLC ORBSF US -4168493.8 127701679.5
ORBIS PLC OBG PO -4168493.8 127701679.5
ORION ELECTRIC U 1513394Z LN -9086918.607 140787898.2
OUTDOOR GROUP LT 1318338Z LN -34424941.75 127535038.5
PARAGON SECOND F 2634515Z LN -791215.0998 2719029923
PARK FOOD GROUP PKFD LN -46896921.68 229105534.5
PARK GROUP PLC PRKGF US -46896921.68 229105534.5
PARK GROUP PLC PKG EO -46896921.68 229105534.5
PARK GROUP PLC PKG VX -46896921.68 229105534.5
PARK GROUP PLC PKG EU -46896921.68 229105534.5
PARK GROUP PLC PRKG IX -46896921.68 229105534.5
PARK GROUP PLC PKG PZ -46896921.68 229105534.5
PARK GROUP PLC PKG PO -46896921.68 229105534.5
PARK GROUP PLC PKGGBP EO -46896921.68 229105534.5
PARK GROUP PLC PKG LN -46896921.68 229105534.5
PARSONS BRINCKER 4496363Z LN -4691186.744 159531362.7
PARTKESTREL LTD 1486546Z LN -90325648.32 1585961788
PATIENTLINE PLC PTL IX -54677284.64 124948245.8
PATIENTLINE PLC PTL PO -54677284.64 124948245.8
PATIENTLINE PLC PTL PZ -54677284.64 124948245.8
PATIENTLINE PLC PTL VX -54677284.64 124948245.8
PATIENTLINE PLC 2928903Q EU -54677284.64 124948245.8
PATIENTLINE PLC 2928907Q EO -54677284.64 124948245.8
PATIENTLINE PLC PTL LN -54677284.64 124948245.8
PATIENTLINE PLC 2928899Q EO -54677284.64 124948245.8
PD PORT SERVICES 1407442Z LN -10969629.43 162071623.9
PEGASUS RETIREME 1025323Z LN -14474980.9 110180845.6
PENDRAGON PREMIE 1858506Z LN -9882654.702 157562986.3
PENNINE HOUSING 1892438Z LN -173655254.2 138682867.1
PEUGEOT CITROEN 1974702Z LN -75918857.1 186001199.9
PHONOGRAPHIC PER 1296410Z LN -7333794.897 201686757.6
PHS GROUP HOLDIN 3173182Z LN -155785961 1761269364
PHS GROUP PLC 592449Z LN -211011146 1915467185
PIL UK LTD 1194711Z LN -42514912.95 100686482
PIPEX UK LTD 3956092Z LN -94180733.77 183398680.1
PLACES FOR PEOPL 1914158Z LN -10355226.52 535789315.1
PLANNED MAINTENA 1344714Z LN -26609460.7 106403319.2
PORTSMOUTH FOOTB 2253627Z LN -93977761.27 177073811.1
POST OFFICE LTD 1542650Z LN -810274769.8 1745713935
POWERCORP INTERN 2075155Z LN -9861916.228 120277629
PPG METRO 500 LT 2224564Z LN -28999808.24 139145845.8
PREMIER OIL ONS 1992742Z LN -104423997 811581976.4
PREMIUM AIRCRAFT 1295466Z LN -31667987.25 104369715.9
PRESTBURY WENTWO 3814856Z LN -193029639.3 625471206.9
PRINOVIS LIVERPO 2074147Z LN -23730499.87 280965576.9
PRIORY EDUCATION 4453681Z LN -861445.5338 213349151.9
PRODUCTION SERVI 2278723Z LN -106295710.9 522254840.1
PROSTRAKAN GROUP PSK PZ -9666264.987 134080449.8
PROSTRAKAN GROUP PSK IX -9666264.987 134080449.8
PROSTRAKAN GROUP PSKEUR EU -9666264.987 134080449.8
PROSTRAKAN GROUP PSK EU -9666264.987 134080449.8
PROSTRAKAN GROUP PSKGBP EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK S1 -9666264.987 134080449.8
PROSTRAKAN GROUP PKNGF US -9666264.987 134080449.8
PROSTRAKAN GROUP PSK EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK PO -9666264.987 134080449.8
PROSTRAKAN GROUP PSKEUR EO -9666264.987 134080449.8
PROSTRAKAN GROUP PSK VX -9666264.987 134080449.8
PROSTRAKAN GROUP PSK LN -9666264.987 134080449.8
QUINN BUILDING P 3949900Z LN -22116104.71 1257547028
QUINN RADIATORS 1405898Z LN -38929824.49 280654750.5
R&R ICE CREAM LT 3624280Z LN -119415790.4 995648642.4
RAVEN HOUSING TR 4155997Z LN -1384128.565 165155995.7
RBS MEZZANINE LT 2198564Z LN -31627066.42 866060198.2
REAL ESTATE OP-O REO EO -1158383413 1692537506
REAL ESTATE OP-O REOGBP EO -1158383413 1692537506
REAL ESTATE OP-O REO LN -1158383413 1692537506
REAL ESTATE OP-O REO IX -1158383413 1692537506
REAL ESTATE OP-O REO VX -1158383413 1692537506
REAL ESTATE OP-O REO ID -1158383413 1692537506
REAL ESTATE OP-O REO EU -1158383413 1692537506
REAL ESTATE OP-O REO PZ -1158383413 1692537506
REAL ESTATE OP-O REA GR -1158383413 1692537506
RED FOOTBALL JOI 3277951Z LN -101906192.3 1372452972
REDCASTLE 214 OX 1195151Z LN -5844657.853 274975930.1
REDROW HOMES SOU 1797057Z LN -45356044.32 102538083.4
REDROW HOMES SOU 1797065Z LN -47639268.23 233726422.1
REGARD HOLDINGS 4157517Z LN -2678709.275 159772566.2
RENAULT RETAIL G 1569882Z LN -939316.5822 148920952.8
RENTOKIL INITIAL RTO LN -195196189.7 2808673659
RENTOKIL INITIAL RTOPEN EO -195196189.7 2808673659
RENTOKIL INITIAL RTOUSD EU -195196189.7 2808673659
RENTOKIL INITIAL RTO GR -195196189.7 2808673659
RENTOKIL INITIAL RTO PZ -195196189.7 2808673659
RENTOKIL INITIAL RTO PO -195196189.7 2808673659
RENTOKIL INITIAL RTOGBP EO -195196189.7 2808673659
RENTOKIL INITIAL RTO VX -195196189.7 2808673659
RENTOKIL INITIAL RTO1 GK -195196189.7 2808673659
RENTOKIL INITIAL RTO QM -195196189.7 2808673659
RENTOKIL INITIAL RTO EB -195196189.7 2808673659
RENTOKIL INITIAL RTOEUR EU -195196189.7 2808673659
RENTOKIL INITIAL RTOPEN EU -195196189.7 2808673659
RENTOKIL INITIAL RTO NQ -195196189.7 2808673659
RENTOKIL INITIAL RTO S1 -195196189.7 2808673659
RENTOKIL INITIAL RTO IX -195196189.7 2808673659
RENTOKIL INITIAL RTO BQ -195196189.7 2808673659
RENTOKIL INITIAL RTO NR -195196189.7 2808673659
RENTOKIL INITIAL RTOKF US -195196189.7 2808673659
RENTOKIL INITIAL RTOG IX -195196189.7 2808673659
RENTOKIL INITIAL RTO EU -195196189.7 2808673659
RENTOKIL INITIAL RTOUSD EO -195196189.7 2808673659
RENTOKIL INITIAL RTO1 GR -195196189.7 2808673659
RENTOKIL INITIAL RTO EO -195196189.7 2808673659
RENTOKIL INITIAL RTO TQ -195196189.7 2808673659
RENTOKIL INITIAL RTOEUR EO -195196189.7 2808673659
RENTOKIL INITIAL RKLIF US -195196189.7 2808673659
RENTOKIL-SP ADR AP76 LI -195196189.7 2808673659
RENTOKIL-SP ADR RTOKY US -195196189.7 2808673659
RIO TINTO LONDON 1313074Z LN -11248111.34 837785373.2
ROBINS & DAY LTD 1280922Z LN -36729873.15 136233088.2
ROSEMONT HOLDING 4391905Z LN -31339191.24 171491776.4
ROSYTH ROYAL DOC 2184524Z LN -51250390.37 170932412.7
ROYAL BANK LEASI 2177244Z LN -39584779.74 12845267029
ROYAL MAIL HOLDI 3900202Z LN -10344178409 9705181654
SAFFRON HOUSING 4448377Z LN -3777866.1 124457507.9
SAIPEM UK LTD 1472234Z LN -34531089.55 391340190.7
SALAMANDER ENERG 2706372Z LN -29541804.54 683160550.3
SAMPFORD UNDERWR 1230791Z LN -18964953.58 150532675.1
SCOTTISH MEDIA SSM LN -30869684.96 154348424.8
SCOTTISH MEDIA 1442Q GR -30869684.96 154348424.8
SCOTTISH MEDIA SSMR LN -30869684.96 154348424.8
SCOTTISH TELEV SCTVF US -30869684.96 154348424.8
SCOTTISH WIDOWS 1265663Z LN -10131728.42 433671573.2
SCOTTISHPOWER EN 2211292Z LN -388472480.2 2874992270
SCOTTS CO UK LTD 1154459Z LN -31443592.79 119553562.6
SEGRO FINANCE PU 2320833Z LN -1254907.484 270979842.3
SELWOOD HOUSING 1933982Z LN -5609259.85 165098338.1
SEVERN VALE HOUS 4287717Z LN -44717000.15 142537265.7
SHEFFIELD UNITED 1275418Z LN -17603955.28 111039465.6
SIMON CARVES LTD 1209367Z LN -153213598.1 103106141.1
SKANDIA LIFE BUS 1451642Z LN -1945833.316 191394739.6
SKYEPHARMA PLC SK8C GR -124570092.3 130962299.8
SKYEPHARMA PLC SKP BQ -124570092.3 130962299.8
SKYEPHARMA PLC SKP EU -124570092.3 130962299.8
SKYEPHARMA PLC SKP1 VX -124570092.3 130962299.8
SKYEPHARMA PLC SKP TQ -124570092.3 130962299.8
SKYEPHARMA PLC SKPGBP EO -124570092.3 130962299.8
SKYEPHARMA PLC SKP IX -124570092.3 130962299.8
SKYEPHARMA PLC SKP VX -124570092.3 130962299.8
SKYEPHARMA PLC SKP PZ -124570092.3 130962299.8
SKYEPHARMA PLC SK8A GR -124570092.3 130962299.8
SKYEPHARMA PLC SKPEUR EO -124570092.3 130962299.8
SKYEPHARMA PLC SKP EO -124570092.3 130962299.8
SKYEPHARMA PLC SKP PO -124570092.3 130962299.8
SKYEPHARMA PLC SKPEUR EU -124570092.3 130962299.8
SKYEPHARMA PLC SKYEF US -124570092.3 130962299.8
SKYEPHARMA PLC SKP LN -124570092.3 130962299.8
SKYEPHARMA -SUB 2976665Z LN -124570092.3 130962299.8
SKYEPHARMA-ADR SKYEY US -124570092.3 130962299.8
SKYEPHARMA-ADR SKYE US -124570092.3 130962299.8
SKYEPHARMA-ADR SKYPY US -124570092.3 130962299.8
SKYEPHARMA-ADR SK8 GR -124570092.3 130962299.8
SKYEPHARMA-ADR AP80 LI -124570092.3 130962299.8
SKYEPHARMA-ADR SK8N GR -124570092.3 130962299.8
SKYEPHAR-RTS F/P SKPF LN -124570092.3 130962299.8
SKYEPHAR-RTS F/P SKPF VX -124570092.3 130962299.8
SKYEPHAR-RTS N/P SKPN VX -124570092.3 130962299.8
SKYEPHAR-RTS N/P SKPN LN -124570092.3 130962299.8
SLP ENGINEERING 1855186Z LN -32035150.2 111509874.7
SMG PLC SMG LN -30869684.96 154348424.8
SMG PLC SMG PO -30869684.96 154348424.8
SMG PLC-FUL PAID SMGF LN -30869684.96 154348424.8
SMG PLC-NIL PAID SMGN LN -30869684.96 154348424.8
SMITHS NEWS PLC NWS S1 -96686010.48 285345604
SMITHS NEWS PLC NWS LN -96686010.48 285345604
SMITHS NEWS PLC SMWPF US -96686010.48 285345604
SMITHS NEWS PLC NWS2EUR EU -96686010.48 285345604
SMITHS NEWS PLC NWS1 EU -96686010.48 285345604
SMITHS NEWS PLC NWS1 EO -96686010.48 285345604
SMITHS NEWS PLC NWS2 EU -96686010.48 285345604
SMITHS NEWS PLC NWS2EUR EO -96686010.48 285345604
SMITHS NEWS PLC NWS VX -96686010.48 285345604
SMITHS NEWS PLC NWS1GBP EO -96686010.48 285345604
SMITHS NEWS PLC NWS PO -96686010.48 285345604
SMITHS NEWS PLC NWS IX -96686010.48 285345604
SMITHS NEWS PLC NWS2GBP EO -96686010.48 285345604
SMITHS NEWS PLC NWS1 BQ -96686010.48 285345604
SMITHS NEWS PLC NWS2 EO -96686010.48 285345604
SMITHS NEWS PLC NWS2 TQ -96686010.48 285345604
SMITHS NEWS PLC SMWPY US -96686010.48 285345604
SMITHS NEWS PLC NWS PZ -96686010.48 285345604
SOMERSTON HOTELS 1231735Z LN -35575589.67 108704983.3
SOMERSTON HOTELS 1167535Z LN -51211253.55 508558934.5
SONY COMPUTER EN 3893902Z LN -270582841.2 1433817117
SONY UNITED KING 1591658Z LN -784050234.3 2342876447
SOUTH STAFFORDSH 4049781Z LN -7077930.307 130208179.7
SOUTHERN CROSS SCHE IX -456857315.8 226500989.9
SOUTHERN CROSS SCHEUSD EO -456857315.8 226500989.9
SOUTHERN CROSS SCHEEUR EU -456857315.8 226500989.9
SOUTHERN CROSS SCHEEUR EO -456857315.8 226500989.9
SOUTHERN CROSS F2Z GR -456857315.8 226500989.9
SOUTHERN CROSS SCHE QM -456857315.8 226500989.9
SOUTHERN CROSS SCHE PZ -456857315.8 226500989.9
SOUTHERN CROSS SCHE NQ -456857315.8 226500989.9
SOUTHERN CROSS SCHE EB -456857315.8 226500989.9
SOUTHERN CROSS SCHEUSD EU -456857315.8 226500989.9
SOUTHERN CROSS SCHE EO -456857315.8 226500989.9
SOUTHERN CROSS SCHE S1 -456857315.8 226500989.9
SOUTHERN CROSS SCHE TQ -456857315.8 226500989.9
SOUTHERN CROSS SCHE EU -456857315.8 226500989.9
SOUTHERN CROSS SCHE BQ -456857315.8 226500989.9
SOUTHERN CROSS F2Z TH -456857315.8 226500989.9
SOUTHERN CROSS SOCHF US -456857315.8 226500989.9
SOUTHERN CROSS SCHE VX -456857315.8 226500989.9
SOUTHERN CROSS SCHE LN -456857315.8 226500989.9
SOUTHERN CROSS SCHE PO -456857315.8 226500989.9
SOUTHERN CROSS SCHE NR -456857315.8 226500989.9
SOUTHERN CROSS SCHEGBP EO -456857315.8 226500989.9
SOUTHERN ELECTRI 2635379Z LN -259913242.1 1437660480
SPEAR GROUP HOLD 4470999Z LN -91133585.59 140447896.6
SPEEDY 1 LTD 3722238Z LN -464739433.2 1384529500
SPEEDY SUPPORT S 1601730Z LN -34304692.53 146096457.3
SQUARE ENIX LTD 1826770Z LN -155713036.9 185670555.6
SR TECHNICS UK L 2900250Z LN -77404908.99 164414742.8
STAGECOACH SERVI 1584258Z LN -27470918.93 305042241.9
STARBUCKS COFFEE 1156111Z LN -43279602.2 213295057.7
STV GROUP PLC STVG EU -30869684.96 154348424.8
STV GROUP PLC STVG VX -30869684.96 154348424.8
STV GROUP PLC STVG EO -30869684.96 154348424.8
STV GROUP PLC SMG IX -30869684.96 154348424.8
STV GROUP PLC STVGGBP EO -30869684.96 154348424.8
STV GROUP PLC STVGEUR EO -30869684.96 154348424.8
STV GROUP PLC STVGEUR EU -30869684.96 154348424.8
STV GROUP PLC STVG LN -30869684.96 154348424.8
STV GROUP PLC SMG PZ -30869684.96 154348424.8
STV GROUP PLC STVG S1 -30869684.96 154348424.8
STV GROUP PLC SMG VX -30869684.96 154348424.8
STV GROUP PLC SMGPF US -30869684.96 154348424.8
SUN CHEMICAL LTD 2569274Z LN -21504458.55 276424178.5
SUNDERLAND ASSOC 1274418Z LN -20522907.95 131617422.5
SUNSAIL LTD 1092666Z LN -46608014.99 194329796.1
SW NO 1 LTD 1266351Z LN -141200260 138566867
SWIFT TECHNICAL 4287133Z LN -13473129.82 118980095.9
SWISS RE SERVICE 1209591Z LN -43306880.78 327991637.9
TATA CMMNCTNS UK 2534722Z LN -32378969.15 118690215.5
TAYLOR WIMPEY UK 1096922Z LN -63897271.12 5389915426
TDL INFOMEDIA 3362Z LN -4103374.146 172206907.7
TELEWEST COMMUNI 1646328Z LN -322407498.9 794173871.1
TELEWEST COMMUNI 1608194Z LN -459786702.9 9163459022
THALES CORPORATE 1083706Z LN -39356881.83 696177878.8
THAMES WATER FIN 1615Z LN -48749918.54 4474513723
THORN EMI PLC THNE FP -2265916257 2950021937
THORN EMI-ADR TORNY US -2265916257 2950021937
THORN EMI-ADR THN$ LN -2265916257 2950021937
THORN EMI-CDR THN NA -2265916257 2950021937
THORN EMI-REGD 1772Q GR -2265916257 2950021937
TIGER ASPECT PRO 1819690Z LN -1811042.92 108420699.7
TIMES NEWSPAPERS 2343939Z LN -648843186.8 663564537.7
TOPAZ ENERGY LTD 4156397Z LN -486865.8029 201580164.4
TOPPS TILES PLC TPT BQ -37156577.81 134888367.5
TOPPS TILES PLC TPTJY US -37156577.81 134888367.5
TOPPS TILES PLC TPTEUR EO -37156577.81 134888367.5
TOPPS TILES PLC TPT PO -37156577.81 134888367.5
TOPPS TILES PLC TPT PZ -37156577.81 134888367.5
TOPPS TILES PLC TPT IX -37156577.81 134888367.5
TOPPS TILES PLC TPTGBP EO -37156577.81 134888367.5
TOPPS TILES PLC TPT EO -37156577.81 134888367.5
TOPPS TILES PLC TPTEUR EU -37156577.81 134888367.5
TOPPS TILES PLC TPT VX -37156577.81 134888367.5
TOPPS TILES PLC TPT EU -37156577.81 134888367.5
TOPPS TILES PLC TPT TQ -37156577.81 134888367.5
TOPPS TILES PLC TPT S1 -37156577.81 134888367.5
TOPPS TILES PLC TPT LN -37156577.81 134888367.5
TOPPS TILES PLC TPTJF US -37156577.81 134888367.5
TOPPS TILES-NEW TPTN LN -37156577.81 134888367.5
TRANSACTION SYST 1724584Z LN -12727180.44 250347935.1
TRAVELEX HOLDING 2917958Z LN -1298945101 2546701094
TRAVELODGE LTD 3471462Z LN -391596042.3 1326034289
TRINITY MIRROR C 1871386Z LN -53485246.17 204376308.9
TRINITY MIRROR M 1871370Z LN -140843056.8 448783505.1
TRINITY MIRROR P 1511258Z LN -123528659.2 920027091.7
TRINITY MIRROR S 1512242Z LN -3205761.051 531281737.1
TSE DEVELOPMENT 2087531Z LN -251391473.8 571968273.4
TUBE LINES FINAN 1241207Z LN -2914999.962 2408518672
TUI UK LTD 1653824Z LN -371582799.9 4848194651
TYCO HEALTHCARE 1066794Z LN -12776603.56 314861589.2
UK POWER NETWORK 1195095Z LN -7426844.716 332722643.3
UNIGATE PLC UNGAF US -34143742.45 284687094.6
UNIGATE PLC UNGPF US -34143742.45 284687094.6
UNIGATE PLC UNIG LN -34143742.45 284687094.6
UNIGATE PLC 1577Q GR -34143742.45 284687094.6
UNIGATE PLC-ADR UNGAY US -34143742.45 284687094.6
UNILEVER UK CENT 1273034Z LN -1928848885 6056871052
UNIQ PLC UGE GR -34143742.45 284687094.6
UNIQ PLC UNQPF US -34143742.45 284687094.6
UNIQ PLC UNIQ PZ -34143742.45 284687094.6
UNIQ PLC UNIQ EO -34143742.45 284687094.6
UNIQ PLC UNIQ EU -34143742.45 284687094.6
UNIQ PLC UNIQEUR EO -34143742.45 284687094.6
UNIQ PLC UNIQ LN -34143742.45 284687094.6
UNIQ PLC UNIQF US -34143742.45 284687094.6
UNIQ PLC UNIQGBP EO -34143742.45 284687094.6
UNIQ PLC UNIQ PO -34143742.45 284687094.6
UNIQ PLC UNIQ IX -34143742.45 284687094.6
UNIQ PLC UNIQ VX -34143742.45 284687094.6
UNIQ PLC UGE1 GR -34143742.45 284687094.6
UNIQ PLC UNIQEUR EU -34143742.45 284687094.6
UNIQ PREPARED FO 1077122Z LN -120661558 355622471.3
UNITED BISCUITS 3193858Z LN -326896245.3 3316769414
UNITED UTILITIES 1209903Z LN -27701160.37 179120252.9
UNIVERSAL PICTUR 1083202Z LN -66200436.83 242851864.9
UPP NOTTINGHAM L 1958934Z LN -13938890.46 168152521.5
UPS LTD 1503290Z LN -128358198.9 422072199.6
VALE OF AYLESBUR 4006932Z LN -73416860.01 100856530.6
VANCO UK LTD 2784982Z LN -19948188.55 101300528.2
VINK HOLDINGS LT 4380233Z LN -13477348.26 132005020.2
VIRGIN HOTELS GR 4288389Z LN -30191249.31 109995632.6
VIRGIN MOB-ASSD VMOC LN -392165409.3 166070003.7
VIRGIN MOB-ASSD VMOA LN -392165409.3 166070003.7
VIRGIN MOBILE VMOB LN -392165409.3 166070003.7
VIRGIN MOBILE VMOB PO -392165409.3 166070003.7
VIRGIN MOBILE UEM GR -392165409.3 166070003.7
VIRGIN MOBILE VGMHF US -392165409.3 166070003.7
VIRGIN MOBILE VMOB VX -392165409.3 166070003.7
VIRGIN WINGS LTD 4500155Z LN -347033067.8 5365071310
VODAFONE UK CONT 1909662Z LN -52004914.2 193624994
VOYAGE GROUP LTD 4168725Z LN -89543682.76 572205624
WALES & WEST UTI 3688061Z LN -784167196.7 2080276139
WARNER ESTATE WNER EO -8021407.27 430482190.2
WARNER ESTATE WNERGBP EO -8021407.27 430482190.2
WARNER ESTATE WNER EU -8021407.27 430482190.2
WARNER ESTATE WNER PO -8021407.27 430482190.2
WARNER ESTATE WNER LN -8021407.27 430482190.2
WARNER ESTATE WNER IX -8021407.27 430482190.2
WARNER ESTATE WNER VX -8021407.27 430482190.2
WARNER ESTATE WNEHF US -8021407.27 430482190.2
WARNER ESTATE WRL GR -8021407.27 430482190.2
WARNER ESTATE WNER PZ -8021407.27 430482190.2
WARNER MUSIC UK 1075906Z LN -32488758.53 106000497.9
WEAVER VALE HOUS 3953220Z LN -60271595.72 104022836.2
WEETABIX LTD-A WEEBF US -397652099.9 909970808.9
WEETABIX LTD-A WTB OF Equity -397652099.9 909970808.9
WESCOT TOPCO LTD 4007020Z LN -18742009.49 116071906.1
WEST HAM UNITED 1275834Z LN -32153419.01 217336047.4
WESTBURY HOTEL L 1214607Z LN -4252380.749 239855108.5
WHITE YOUNG GREE WHY PZ -32392901.23 196106689.5
WHITE YOUNG GREE WHYEUR EU -32392901.23 196106689.5
WHITE YOUNG GREE WHY LN -32392901.23 196106689.5
WHITE YOUNG GREE WHY VX -32392901.23 196106689.5
WHITE YOUNG GREE WHY EU -32392901.23 196106689.5
WHITE YOUNG GREE WHYGBP EO -32392901.23 196106689.5
WHITE YOUNG GREE WHYEUR EO -32392901.23 196106689.5
WHITE YOUNG GREE WHY EO -32392901.23 196106689.5
WHITE YOUNG GREE WHY PO -32392901.23 196106689.5
WHITE YOUNG-NEW WHYN LN -32392901.23 196106689.5
WIGHTLINK LTD 1385642Z LN -15131435.92 231775265.6
WINCANTON PL-ADR WNCNY US -162158252.9 1389119000
WINCANTON PLC WIN1 EU -162158252.9 1389119000
WINCANTON PLC WIN PO -162158252.9 1389119000
WINCANTON PLC WIN1 EO -162158252.9 1389119000
WINCANTON PLC WIN1 TQ -162158252.9 1389119000
WINCANTON PLC WIN VX -162158252.9 1389119000
WINCANTON PLC WNCNF US -162158252.9 1389119000
WINCANTON PLC WIN1 NQ -162158252.9 1389119000
WINCANTON PLC WIN1 BQ -162158252.9 1389119000
WINCANTON PLC WIN1 S1 -162158252.9 1389119000
WINCANTON PLC WIN PZ -162158252.9 1389119000
WINCANTON PLC WIN1GBP EO -162158252.9 1389119000
WINCANTON PLC WIN1USD EU -162158252.9 1389119000
WINCANTON PLC WIN1EUR EO -162158252.9 1389119000
WINCANTON PLC WIN1 QM -162158252.9 1389119000
WINCANTON PLC WIN1EUR EU -162158252.9 1389119000
WINCANTON PLC WIN1USD EO -162158252.9 1389119000
WINCANTON PLC WIN LN -162158252.9 1389119000
WINCANTON PLC WIN IX -162158252.9 1389119000
WINCANTON PLC WIN1 EB -162158252.9 1389119000
WINDSOR TELEVISI 1475394Z LN -232297665.7 340517582.8
WYG PLC WHY IX -32392901.23 196106689.5
WYG PLC WYGEUR EO -32392901.23 196106689.5
WYG PLC WYG EU -32392901.23 196106689.5
WYG PLC WYGGBP EO -32392901.23 196106689.5
WYG PLC WYG PZ -32392901.23 196106689.5
WYG PLC WYG EO -32392901.23 196106689.5
WYG PLC WYGEUR EU -32392901.23 196106689.5
WYG PLC WYG LN -32392901.23 196106689.5
XAFINITY HOLDING 4168309Z LN -18683833 243588520.5
XCHANGING UK LTD 1814130Z LN -27188853.3 285255216.3
XSTRATA SERVICES 1975918Z LN -88056666.54 169405671
YARLINGTON HOUSI 4435313Z LN -18443811.91 276648958.8
YOUNG'S BLUECRES 1841386Z LN -46554226.38 279057376.4
ZURICH EMPLOYMEN 1292298Z LN -128495966.5 133351472.5
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
are not intended to reflect actual trades. Prices for actual
trades are probably different. Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets. At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets. A company may establish reserves on its balance sheet for
liabilities that may never materialize. The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.
A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com
Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/booksto order any title today.
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Psyche A. Castillon, Ivy B. Magdadaro, Frauline
S. Abangan and Peter A. Chapman, Editors.
Copyright 2011. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail. Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each. For subscription information,
contact Christopher Beard at 240/629-3300.
* * * End of Transmission * * *