/raid1/www/Hosts/bankrupt/TCREUR_Public/161017.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
Monday, October 17, 2016, Vol. 17, No. 205
Headlines
B E L G I U M
NYRSTAR NV: Moody's Affirms Caa1 Corporate Family Rating
F R A N C E
EUROPEAN FORECOURT: S&P Affirms 'B' CCR, Outlook Stable
HORIZON HOLDINGS: S&P Affirms 'B' CCR, Outlook Stable
TEREOS UNION: Fitch Assigns BB(EXP) Rating to EUR100MM Sr. Notes
G E R M A N Y
HELIOCENTRIS ENERGY: Court Approves Insolvency Application
G R E E C E
GREECE: To Start Fresh Bailout Talks with Creditors This Week
I R E L A N D
CARLYLE GLOBAL 2016-2: S&P Assigns Prelim. B- Rating to E Notes
SCF RAHOITUSPALVELUT II: Moody's Rates Class E Notes (P)Ba2
SILENUS LIMITED: Moody's Raises Rating on Class D Notes to B1
L U X E M B O U R G
DEA FINANCE: Fitch Rates EUR400MM 7.5% Notes 'BB'
N E T H E R L A N D S
DCDML 2016-1: Moody's Assigns B2 Rating to Class E Notes
LEOPARD CLO II: S&P Cuts Rating on D Notes to 'D' Then Withdraws
R U S S I A
ALROSA PJSC: Fitch Raises IDR to 'BB+', Outlook Stable
REPUBLICAN INVESTMENT: S&P Affirms Then Withdraws 'B' ICR Rating
* S&P Revises Outlooks on 11 Russia-Related Finc'l Institutions
S P A I N
BANCO DE CREDITO: Fitch Assigns 'B+(EXP)' Rating to Sub. Notes
INSTITUTO VALENCIANO: S&P Affirms 'BB/B' ICRs, Outlook Stable
T U R K E Y
TURKIYE VAKIFLAR: Fitch Affirms 'BB+' Rating on Subordinated Debt
U N I T E D K I N G D O M
BHS GROUP: MPs to Vote on Stripping Sir Philip Green's Knighthood
ENQUEST PLC: To Undergo Complex Financial Restructurings
EURO GARAGES: S&P Affirms Parent's 'B' CCR, Outlook Stable
FINSBURY SQUARE 2016-2: Moody's Rates Class X Notes Caa1
GULF KEYSTONE: Capital Restructuring Hits Investors
* UK: "Hard Brexit" May Lead to Upswing in Insolvencies
X X X X X X X X
* BOND PRICING: For the Week October 10 to October 14, 2016
*********
=============
B E L G I U M
=============
NYRSTAR NV: Moody's Affirms Caa1 Corporate Family Rating
--------------------------------------------------------
Moody's Investors Service ("Moody's") has affirmed the Caa1
corporate family rating (CFR) and Caa1-PD probability of default
rating (PDR) of Nyrstar NV ("Nyrstar"). The Caa1 rating of the
existing EUR350 million senior unsecured guaranteed notes due
2019 issued by Nyrstar Netherlands (Holdings) B.V., a subsidiary
of Nyrstar, has also been affirmed. Concurrently, the rating
agency has changed the outlook on all Nyrstar's ratings to
positive from stable.
RATINGS RATIONALE
Rationale for outlook change to positive
The change of outlook to positive from stable reflects Moody's
expectation that the company will continue to make progress in
the turnaround and divestment of its non-core mining business,
while sustained higher zinc prices will support rising operating
profitability and cash flows.
Credit metrics and liquidity, which are still considered as weak,
should also start gradually improving from Q4 2016 onwards, while
Q3 results should be weak, on the back of several unplanned, one-
off production outages and operational issues at some smelters
and mines. These issues have reduced production levels during Q3
and prompted management to revise their full year guidance
downwards. However, full restoration of normal operating activity
from Q4 and into 2017, improved zinc prices and progressive ramp-
up of the Port Pirie redevelopment project over the coming
quarters, would provide an uplift to the company's EBITDA and
deleveraging prospects, especially from 2018 onwards when the
Port Pirie redevelopment project is anticipated to run at full
capacity and its associated capex requirements should become
modest.
The positive outlook is also underpinned by Moody's expectation
that Trafigura (unrated), the main shareholder of Nyrstar with a
24.6% equity stake, will continue to be supportive, by extending
its US$150m loan facility before its maturity date in January
2017. The rating outlook also reflects Moody's expectation that
the company will remain in compliance with its financial
maintenance covenants, with an adequate headroom at all times.
The absence of meaningful debt maturities for the rest of 2016
and in 2017, and the possibility to defer the amortization of the
perpetual notes issued to fund the Port Pirie redevelopment
project, should ease liquidity pressure over the next several
quarters.
Rationale for affirmation of CFR
The affirmation of the CFR of Nyrstar at Caa1 reflects a still
weak financial profile, which remains characterized by limited
liquidity headroom and by a highly leveraged capital structure.
Liquidity remains tight, albeit it has more recently benefitted
from (i) the issuance of EUR 115m of convertible notes in August
2016 (unrated), (ii) the rollover of the undrawn EUR 50m KBC
bilateral facility in July 2016 for another year and (iii) a new
US$150m short term loan made available from Trafigura last May,
which Moody's assumes will be rolled-over before maturity in
January 2017 and become fully committed, and (iv) a EUR 274m
rights offering completed in February 2016. Although these
additional funds are building headroom, liquidity remains under
pressure because the company is projected to generate negative
free cash flows over the next 12 to 18 months, due to its ongoing
capex requirements mainly associated to Port Pirie, other minor
projects and the retained mining business still exceeding cash
flows from operations. In order to preserve a minimum liquidity
buffer, Moody's anticipates more debt drawings would be needed.
Furthermore, the rating agency assumes that the company will
elect to defer the amortization of the perpetual notes issued and
being issued to fund the Port Pirie project. Under such a
scenario, debt metrics would remain weak. Adjusted LTM gross
debt/EBITDA, which has peaked at 7.5x in June 2016, should remain
high in 2017 within a 5x to 6x range, mostly depending on the
level of zinc prices projected for next year. Under our
conservative zinc price assumptions for 2017, at $1,874/tonne
(17% lower than average zinc benchmark prices in September 2016),
and assuming zinc treatment charges to remain at $200/dmt at a
zinc basis price of $2,000/t, broadly in line with 2016 level,
adjusted gross leverage should be closer to 6x by end of 2017,
while adjusted cash flows from operations (CFO)/debt ratio should
be at c.5%, assuming no meaningful working capital movements over
the same period. As such, Moody's expects that 2017 will be
another transitional year, characterized by still weak, albeit
gradually improving credit metrics.
The Caa1 CFR also factors in the execution risk related to the
disposal of the mining business, which Moody's does not consider
as an easy process. Originally targeted to be complete by summer
2016, the disposal plan is still ongoing. Moody's expects the
company to retain a few mines, most likely the most profitable
ones, such as Langlois in Canada, and those closely integrated
with nearby smelters, namely the Tennessee mines. The improved
zinc fundamentals in the last few months have started to provide
positive momentum to the disposal process, and between June and
September the company announced agreements to dispose two of its
zinc mines, including El Mochito, one of its weakest and loss
making assets. Assuming the company retains its profitable
Langlois mine and restarts its Tennesse mines as more recently
indicated, the mining business should become cash flow neutral to
slightly positive in 2017, after it burned cash for most of 2016
(mining-related FCF was negative for c. EUR 20m in H1 2016).
Moody's notes that the suspension of underperforming mines and
the execution of a range of restructuring initiatives have
already had a positive impact on mining EBITDA, which has
sequentially improved during the last three quarters, from --EUR
22m in Q4 2015 to nearly breakeven in Q2 2016. Following the
anticipated disposal by end of this year of El Mochito mine,
which was loss making even at the higher zinc prices of Q2 2016,
the EBITDA of the mining business should become slightly
positive.
The Caa1 CFR factors in also some residual execution risk on the
large Port Pirie redevelopment project, although Moody's expects
that such risk is gradually reduced as the project is ramping-up
over the next 12 months. Once fully ramped-up in 2018, the
revamped smelter should provide an annual EBITDA uplift of
approximately EUR80m, which would allow a faster deleveraging
towards 4.5x even under our conservative zinc price and treatment
charge assumptions for 2018, of $1,984/tonne and $200/dmt
respectively. By 2018, free cash flows should also turn to
slightly positive, as a combined effect of higher cash flows from
operations and reduced capex requirements.
STRUCTURAL CONSIDERATIONS
The Caa1 rating assigned to the EUR350 million senior unsecured
guaranteed notes due 2019 reflects the relative positioning of
this instrument behind the undrawn senior secured EUR400 million
revolving borrowing base facility and ahead of other senior
unsecured obligations of the group. Such obligations were raised
at the level of various holding companies and are not benefitting
from the guarantees of the operating subsidiaries, unlike the
rated notes which continue to benefit from the senior unsecured
guarantees by the main operating subsidiaries. As of 31 December
2015, the Issuer and the Guarantors represented 90.2% of
Nyrstar's total underlying EBITDA and 70.5% of Nyrstar's total
assets.
What could change the rating up
A potential rating upgrade would be considered if the company
manages to sell most of its mining business and can improve its
liquidity to an adequate level. A sustained recovery of zinc
prices leading to revise our price assumptions further upwards,
and completion of the ramp-up of the Port Pirie smelter project
in line or ahead of budget, would also contribute towards a
possible rating upgrade, as both developments would have a
positive impact on cash flows and credit metrics. A rating
upgrade however would also require sustained deleveraging, with
an adjusted gross debt/EBITDA ratio falling below 5.5x.
What could change the rating down
A downgrade, albeit currently considered as unlikely, would be
considered if the company does not proactively address its
liquidity needs. Weaker credit metrics than currently anticipated
under Moody's assumptions, and materially reduced headroom under
the financial maintenance covenants will also exert negative
rating pressure.
The principal methodology used in these ratings was Global Mining
Industry published in August 2014.
Listed in Belgium and headquartered in Switzerland, Nyrstar NV is
a medium-sized integrated smelting and mining company, owning
nine mines (out of which five are currently operating), six
smelters and a fumer. Smelting facilities are located in Northern
Europe, the US and Australia. During 2016 the company is
completing its AUD 563 million (approximately EUR 368 million)
Port Pirie smelter redevelopment project in Australia (the 'Port
Pirie project'), which would enable a major expansion of its
metal processing business, once fully ramped-up by end of 2017.
The company is currently seeking to exit the mining business and
transform itself into a metal processing only business.
Nyrstar is listed on Euronext Brussels exchange with a market
capitalization of c. EUR 0.8bn and reported 2015 revenues of
EUR3,139 million. The single main shareholder of Nyrstar is
Trafigura (unrated), with a 24.6% equity stake.
===========
F R A N C E
===========
EUROPEAN FORECOURT: S&P Affirms 'B' CCR, Outlook Stable
-------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term corporate credit
rating on France- and Benelux-based European Forecourt Retail
Group B.V. (EFR). The outlook is stable.
S&P equalizes the ratings on EFR with those on its new parent,
Intervias Group, following the announcement that EFR and Euro
Garages will merge. S&P views EFR as a core subsidiary of
Intervias and consider that it is integral to the group's
strategy and performance, in particular through fuel purchasing
and distribution expertise and international experience. EFR
services approximately 1,100 fuel stations and convenience stores
in France and the Benelux countries, while Euro Garages services
about 340 stations in the U.K. and contributes more than 50% of
the combined entity's EBITDA.
S&P notes that EFR and Euro Garages will continue to operate
under their own names with their current CEOs and senior
leadership teams.
The merger is subject to customary regulatory approvals and is
expected to be completed no later than November 2016.
The stable outlook on EFR mirrors that on Intervias Group. The
ratings on the two entities will move in tandem provided S&P
continues to regard EFR as a core subsidiary within Intervias
Group.
HORIZON HOLDINGS: S&P Affirms 'B' CCR, Outlook Stable
-----------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term corporate credit
rating on Horizon Holdings I, the France-based financial holding
company for glass packaging manufacturer Verallia. S&P also
affirmed the 'B' long-term corporate credit rating on Verallia's
finance subsidiary, Verallia Packaging S.A.S. The outlook on
both companies is stable.
S&P is withdrawing the 'CCC+' issue rating and '6' recovery
rating on the proposed EUR500 million payment-in-kind (PIK)
toggle notes that were not issued. S&P is also withdrawing its
'B' corporate credit rating on Horizon Parent Holdings S.a.r.l.,
the expected issuer of the proposed PIK toggle notes.
At the same time S&P is affirming the 'B' issue ratings on the
existing EUR500 million senior secured notes, EUR250 million
senior secured revolving credit facility (RCF), and EUR1,375
million term loan issued by Verallia Packaging S.A.S., in line
with the corporate credit rating. S&P's '3' recovery ratings
remains unchanged, reflecting its expectation of meaningful
recovery in the lower half of the 50%-70% range for the secured
lenders in the event of a payment default.
Furthermore, S&P is affirming the 'CCC+' issue rating on the
EUR225 million senior unsecured notes issued by Horizon Holdings
I. The issue rating is two notches below the corporate credit
rating on the consolidated group, reflecting S&P's expectation of
negligible recovery (0%-10%) for the holders of the unsecured
notes in the event of a payment default.
The affirmation follows Verallia's announcement that it has
cancelled plans to raise an additional EUR500 million of PIK
toggle notes, in order to fund a EUR490 million distribution to
shareholders. This follows the recent senior secured notes tap
completed in June 2016, which was used to fund a EUR230 million
distribution. S&P viewed the proposed transaction as aggressive,
reflecting its view of the structure of the new instrument, which
had a shorter maturity than the senior debt; the sizable amount
of the debt, given that it was not subject to restricted group
covenants; and the rapid releveraging of the company, which saw
the shareholders return more than their initial investment within
a year post closing the acquisition. Should the transaction have
completed, credit metrics for the consolidated group would have
materially deteriorated, with debt to EBITDA increasing to above
6.5x from S&P's previous expectations of less than 5.5x.
Although the transaction was not completed, S&P believes that
Verallia's financial sponsor owners Apollo have demonstrated an
appetite for increased leverage that we did not previously factor
into the ratings. S&P cannot rule out the possibility that
similar debt-funded shareholder distributions could take place,
if the opportunity presents itself, and therefore believe that
there is a meaningful risk that leverage could increase
materially during base-case forecasts.
S&P's base case assumes:
-- Eurozone GDP growth of 1.6% in 2016 and 1.4% in 2017.
-- Revenue growth of 0%-2% in 2016 and 2017, closely tracking
GDP growth in Europe, primarily driven by positive organic
volume developments, but slightly offset by weak trading
conditions in Brazil and adverse exchange rates.
-- Improving margins as a result of cost-reduction measures
and operating leverage through higher capacity utilization,
resulting in the S&P Global Ratings-adjusted EBITDA margin
improving to about 18%-19% over the next two years, up from
about 17.5% (on a comparable basis) in 2015.
-- Capital expenditures (capex) of about EUR200 million per
year.
Based on these assumptions, S&P arrives at these credit measures:
-- Debt to EBITDA of close to 5.6x for 2016, which S&P
forecasts will trend downward slightly, owing to increased
EBITDA, but remain above 5.2x over S&P's forecast horizon
of two-to-three years, in the absence of further debt-
funded transactions;
-- Relatively stable funds from operations (FFO) to debt of
11%-12%;
-- Discretionary cash flow generation that remains depressed
due to the group's high capital intensity, but that could
turn marginally positive in 2017 if there are no further
shareholder returns; and
-- EBITDA and FFO cash interest coverage to remain sound at
around 3.5x.
S&P considers that Verallia's highly leveraged financial risk
profile is constrained by the aggressive financial policies of
the group's financial sponsor shareholder, despite S&P's
base-case forecasts that indicate some underlying improvements to
credit metrics for the rating. Although the timing of another
attempt to leverage the company remains somewhat uncertain, S&P
believes the company's financial strategy will likely lead to
leverage higher than its base-case projections.
S&P's assessment of Verallia's business risk profile is
constrained by its relatively undiversified product focus on
glass packaging, history of operational issues that have resulted
in recurring margin pressure, and high geographic concentration
in Europe (where four countries contribute about 80% of sales).
S&P's assessment also takes into account the group's high capital
intensity, which restricts its ability to generate meaningful
free operating cash flow. These constraints are partly mitigated
by its leading market positions in its core European markets,
longstanding relationships with a broad and diversified customer
base, and relatively stable food and beverage end markets--
particularly in the relatively low-cyclical alcohol market.
Verallia is the third-largest glass packaging company worldwide,
after Owens-Illinois and Ardagh Glass.
The stable outlook reflects S&P's view that credit metrics will
likely remain highly leveraged, with the owners' financial policy
limiting the likelihood of any sustained deleveraging. The
current rating factors in the risk of a moderate increase in
leverage. S&P expects operating performance to remain solid,
with limited volume growth and stable pricing, while margins
should increase through Verallia's internal operational
improvement program, and that this could result in gradually
improving credit metrics over the coming 12-24 months.
The ratings factor in the risk that the group's relatively
aggressive financial policies could result in a weakening of
credit metrics as a result of large debt-funded acquisitions or
additional shareholder returns, so S&P sees a further lowering of
the rating in the next 12 months as unlikely. A downgrade could,
however, stem from a significant shortfall in operating
performance compared with S&P's base case. This could occur as a
result of furnace outages or operational failures caused by
technical defects, such that earnings and cash flow generation
lead to weaker liquidity or FFO cash interest coverage falling
below 1.5x.
S&P believes that the likelihood of an upgrade is limited at this
stage, because of Verallia's high tolerance for relatively
aggressive financial policies and high leverage given its
financial sponsor ownership. An upgrade is therefore more likely
to be driven by an upward reassessment of the company's business
risk profile. This could be a result of a sustained improvement
in profitability metrics, including return on capital over 13%, a
track record of meaningful positive cash flow generation, and low
earnings volatility.
TEREOS UNION: Fitch Assigns BB(EXP) Rating to EUR100MM Sr. Notes
----------------------------------------------------------------
Fitch Ratings has assigned Tereos Union de Cooperatives Agricoles
a Capital Variable's minimum of EUR100 mil. planned tap of its
existing EUR400 mil. senior unsecured notes due 2023 an expected
rating of 'BB(EXP)'. The bond is being issued through Tereos
Finance Groupe 1.
The final rating is contingent upon the receipt of final
documents conforming to information already received.
Fitch does not expect the proposed issuance to have significant
impact on Tereos' credit profile as the company will use most of
the proceeds to refinance more expensive bank facilities. If not
all of the proceeds are used for refinancing, a potential -
although likely limited - increase in gross leverage could be
offset by greater financial flexibility due to a lowered interest
burden. Furthermore, this will help further diversify the
group's sources of funding and extend average debt maturity.
The IDR of Tereos continues to reflect its weak credit metrics,
which likely bottomed out in the financial year ended March 31,
2016, (FY16), as well as a strong business profile. The company
maintains a strong market position, supported by well-invested
assets, access to some of the higher-yielding sugarbeet regions
in Europe and growing diversification in terms of geography and
raw materials. The cooperative ownership profile of Tereos also
contributes to its conservative financial policies.
KEY RATING DRIVERS FOR THE NOTES:
According to the bond documentation, the minimum of EUR500 mil.
(existing EUR400 mil. plus tap issue of minimum EUR100 mil.)
senior unsecured notes due 2023 and the EUR500 mil. senior
unsecured notes due 2020, both issued by Tereos Finance Groupe 1,
rank pari passu in the group's debt structure. They are
guaranteed on an unsecured basis by Tereos, and are therefore
subject to structural subordination not only to debt at Tereos
Sugar France (TSF) but also at Tereos's 78%-owned subsidiary
Tereos Internacional (TI). TI's debt is non-recourse to TSF's
assets; therefore Fitch excludes it from the amount of debt
ranking above the senior unsecured notes in the payment waterfall
in case of default.
However, due to cross-default provisions linking the debt of TI's
subsidiaries, TI, TSF and Tereos, the rating on Tereos's senior
unsecured notes depends not only on the probability of default of
TSF and Tereos and the potential level of debt ranking ahead of
them, but also on TI's probability of default.
Due to the strong linkages between TSF, Tereos and TI, the senior
unsecured note rating is derived from the consolidated group's
IDR of 'BB'. Usually, for issuers rated in the 'BB' category (a
transitional territory between investment-grade and highly
speculative), prior-ranking debt constituting 2x-2.5x EBITDA
indicates a high likelihood of subordination and lower recoveries
for unsecured debt.
As Fitch expects a recovery in EBITDA from the sugarbeet
business, we believe the level of senior secured (or other form
of prior-ranking) debt leverage at TSF is unlikely to rise beyond
2.0x within the next three years. Fitch believes TSF (or Tereos)
is unlikely to increase its debt ranking prior to the notes to
support other group entities. In addition, existing committed
debt ranking ahead of the senior unsecured notes relate to TSF's
EUR400m revolving credit facility (RCF), which exclusively funds
working capital needs throughout the year. Based on the
company's historical intra-year working capital needs, average
intra-year outstanding RCF amounts are unlikely to rise beyond
2.0x TSF's EBITDA. Therefore the senior unsecured notes are
rated at the same level as the group's IDR.
KEY RATING DRIVERS FOR THE IDR
Strong Business Profile
The IDR is underpinned by Tereos's strong business profile for
the 'BB' category, both in operational scope and position in
commodity markets with potential for long-term growth. Due to
its strong market shares and cost competitiveness, Fitch expects
the group to benefit from a post-2017 deregulated European
sweeteners market. Geographic and product diversification as well
as efforts to increase efficiency also support Tereos's business
risk profile.
Successful Diversification
Tereos's diversification into the highly cost-competitive
Brazilian sugar market and into starch and sweeteners through TI
(accounted for 67% of FY16 group EBITDA) should increase
resilience against the current commodity down-cycle. TI's
contribution to the group's EBITDA increased 19% yoy in FY16,
supported by increased production capacity and efficiency
measures taken over the past few years in both the sugarcane and
the starch and sweeteners divisions. Fitch expects further
EBITDA growth over the next four years, even after taking into
account commodity price volatility.
Although the company's starch and sweeteners unit revenues and
profits (21% of FY16 group EBITDA), benefitted from low raw
materials and energy costs as well as higher ethanol prices in
Europe in FY16, they remain exposed to a challenging European
starch and sweetener market environment characterized by
stagnating demand and production overcapacity. However, the unit
should see lower volatility as a result of ongoing cost savings
and efficiency measures, improved raw materials and geographical
diversification (in Brazil and Asia) as well as an increased
sales mix towards higher-margin products.
European Sugar Price Adjustment
Similar to other European sugar processors, Tereos's European
sugarbeet business has suffered a sharp contraction in
profitability in the last few years. Its EBITDA dropped in FY16
to EUR146m, which is less than a third of its FY13 level,
following a steep decline in EU quota sugar prices largely linked
to the intervention of the European Commission in 2013.
Positively, European prices are on a recovery path due to the
sector's cutback in production, leading to a rapid drop in stock-
to-use ratios and supporting our expectation that in FY17 and
FY18 the sugarbeet division's EBITDA should improve. Fitch
expects European sugar prices to decrease again in FY19 as they
eventually converge with international prices, with the removal
of the quota regime in September 2017. This reflects Fitch's
conservative assumption that, while international prices have
significantly recovered since mid-2015, they are unlikely to grow
sustainably beyond the high level that should be reached by the
European prices in FY17-FY18.
European Sugar Exports
European sugar processors currently are unable to compensate low
prices with increases in sales volumes due to stagnant European
demand and regulatory constraints on foreign exports until
September 2017. However, as the third-largest sugarbeet player
in Europe, Tereos should, once the cap is lifted, benefit from
its ability to source increased volumes of sugarbeet from some of
the most efficient farmers in Europe and expand its sales volumes
in Europe and via exports. This volume increase should allow it
to largely compensate the adverse impact on its profits (from
FY19) from the likely price reduction. As a result, Fitch
projects an only mild reduction of EBITDA from Tereos's sugarbeet
operations in FY19 from previous year.
Expected Profit Rebound
Fitch believes that the FY16 results represent the company's
lowest EBITDA point in the current cycle and expect a profit
rebound on the back of a recovery in sugar prices and efforts to
enhance competitiveness in sugar processing (both in Europe and
in Brazil). The group's Q117 results point to this direction.
Fitch also expects growing profit contribution from the starch
and sweeteners business, due to a better product mix, larger
capacity and higher industrial efficiency.
Fitch expects Tereos's underlying profitability, measured as
readily marketable inventories (RMI)-adjusted EBITDA/gross profit
(thus eliminating price fluctuations), to improve from FY17.
Additionally, once the current volume constraints in its
sugarbeet division are removed, underlying profitability should
gradually recover to pre-FY14 levels of above 40% (26% in FY16).
Expected Improvement of Credit Metrics
Tereos's RMI-adjusted funds from operations (FFO) gross leverage
rose to 6.1x in FY16 (FY15: 5.0x) as a result of reduced FFO and
RMI value. TI's gross leverage, on the other hand, started to
improve to 6.3x from 7.5x during the same period, due to
recovering profitability.
Although these levels are not consistent with the current IDR,
Fitch expects Tereos's credit metrics to improve from FY17 on a
combination of a modest upturn in commodity prices, an increase
in sugar export volumes and overall a strengthened business
profile. We expect free cash flow (FCF) to turn neutral to
positive from FY19 on a sustained basis and RMI-adjusted FFO
gross leverage to decrease to around 4.0x in FY18, consistent
with levels for a 'BB' rating.
Adequate Financial Flexibility
Tereos's weak credit metrics is partially mitigated by adequate
financial flexibility. The latter is supported by strict
financial discipline in shareholder distributions and M&A
spending, adequate liquidity management and healthy RMI-adjusted
FFO fixed charge cover throughout the commodity down-cycle.
In the low sugar price environment, cooperative owners have
demonstrated their financial support to Tereos by accepting a
sharp reduction in price complements (which Fitch treats as
dividends) to EUR5 mil. paid cash in FY15 and EUR2 mil. in FY16
from EUR57 mil. in FY14. Fitch assumes these will remain subdued
so long as the profitability of Tereos's European sugar business
remains low.
Tereos's internal liquidity score, defined as unrestricted cash
plus RMI plus accounts receivables divided by total current
liabilities, improved to 1.1x in FY16 from 0.7x in FY14 as
management successfully lengthened the group's average debt
maturity profile. This is consistent with levels for a 'BB'
rating. Liquidity is further supported by comfortable access to
diversified sources of external funding. Fitch expects Tereos's
RMI-adjusted fixed charge cover to have reached its low point in
FY16 at 3.0x (TI: 2.7x) and to recover above 4.0x from FY18.
These levels remain comfortable for the ratings.
Parent-Subsidiary Linkage
Despite limited but growing operational, financial integration
and ownership, Tereos France's (TF) and Tereos's influential
control as well as their legal and strategic ties with TI are
very strong, making the parent and its subsidiary intrinsically
linked.
The development of TI has been promoted by Tereos's cooperative
owners through their financial support. This, together with
Tereos's expected increase in TI's ownership, signals a strategy
to allocate resources towards international diversification while
enabling greater resilience against increasingly volatile
commodity markets.
KEY ASSUMPTIONS
-- Annual increase in revenues in the mid-single digits,
driven by recovering sugar prices (in FY17 and FY18 in
Europe and, more slowly, towards FY20 globally) and growing
volumes from all of the group's businesses
-- Gradual EBITDA margin improvement towards 12% in FY20
(FY16: 10%) driven by higher capacity utilization rates, a
better product mix, improved cost competitiveness, and to a
lesser extent, recovering international sugar prices
-- Average annual capex of approximately EUR390 mil. between
FY17 and FY18 as the group continues to invest in its cost
base and in production capacity, before falling to
EUR300 mil. in FY20
-- Price complements (dividends) paid to cooperative members
to remain at modest levels.
-- Mildly negative annual FCF over FY16-FY18, before turning
consistently positive from FY19.
-- Minor M&A disbursements including outflow for the planned
minority buy-out at TI in FY17
RATING SENSITIVITIES
Positive: Future developments that could lead to positive rating
actions include:
-- Strengthening of profitability (excluding price
fluctuations), as measured by RMI-adjusted EBITDAR/gross
profit, reflecting reasonable capacity utilization rates in
the sugarbeet business and overall increased efficiency
-- At least neutral FCF while maintaining strict financial
Discipline
-- FFO gross leverage (RMI-adjusted) consistently below 3.5x
at Tereos group level and 4.0x at TI level.
Negative: Future developments that could lead to negative rating
action include:
-- Inability to sustainably maintain cost savings derived from
efficiency programs or excessive idle capacity in
different market segments, leading to RMI-adjusted
EBITDAR/gross profit remaining weak
-- Inability to return consolidated FFO to approximately
USD0.5 bil. (FY16: USD0.3 bil.) and to improve
profitability and cash flow generation
-- Reduced financial flexibility as reflected in FFO fixed
charge cover (RMI-adjusted) falling below 3.0x,
-- FFO gross leverage (RMI-adjusted) above 4.5x at Tereos
group level (5.0x at TI level) on a sustained level
=============
G E R M A N Y
=============
HELIOCENTRIS ENERGY: Court Approves Insolvency Application
----------------------------------------------------------
The local court Berlin-Charlottenburg approved insolvency
proceedings under Heliocentris Energy Solutions AG's own
administration, a process comparable to Chapter 11 in the USA,
and appointed Joachim Voigt-Salus as the trustee (Sachwalter) of
Heliocentris Energy Solutions AG and its German subsidiaries
Heliocentris Academia GmbH, Heliocentris Industry GmbH and
Heliocentris Fuel Cell Solutions GmbH. For the legal entities
outside Germany no insolvency proceedings have been filed. These
entities continue to operate their business in the regular course
of business.
The aim of this process is to sustainably restructure
Heliocentris and to find an investor solution, building on
Heliocentris' core products such as the decentral energy storage
solutions, fuel cell based emergency power systems and energy
management systems as well as the business potential developed
over the last years. The recent discussions with investors were
burdened by the high amount of financial debt and liabilities
built over the last years.
Business operations continue seamlessly. Deliveries and services
to existing customers as well as the acquisition of new customer
orders continue unimpaired.
Heliocentris Energy Solutions AG provides energy management
systems and hybrid power solutions for distributed stationary
industrial applications worldwide.
===========
G R E E C E
===========
GREECE: To Start Fresh Bailout Talks with Creditors This Week
-------------------------------------------------------------
Michele Kambas and Lefteris Papadimas at Reuters report that
Greece and its creditors start a fresh round of talks this week
on reforming its labor market, a tricky task for a leftist
government sliding in opinion polls but needed if the recession-
hit state can ever win debt relief.
Under a conservative-led government, Greece froze the mechanism
of collective bargaining in 2012, cut minimum wages and
liberalized rules covering mass layoffs, Reuters recounts.
Lenders, particularly the International Monetary Fund, want
further liberalization of redundancy rules and to retain the
current minimum wage system which is set by law and not
collective bargaining as the practice in other EU member states,
Reuters discloses.
A good basis for talks, a government official, as cited by
Reuters, said, was a recent report by a committee of experts
suggested minimum wages be endorsed by collective agreements.
That is a red flag for the IMF, Reuters notes. It has yet to
decide if it will partake in Greece's latest bailout program,
concerned at Greece's debt levels exceeding 170 percent of
output, Reuters states. It is however an unlikely ally in
Greece's call for debt relief, according to Reuters.
Mr. Tsipras has set the bar high, Reuters relays.
"I want to be clear. This vague urging for us to 'do our homework
and then we shall see' cannot be accepted," Mr. Tsipras, as cited
by Reuters, said to a steady applause from an audience of up to
3,000 party faithful at a congress of his Syriza party on
Oct. 13.
Although there is growing consensus among European creditors and
the IMF on the need for debt relief, its form and scope remains
unclear, Reuters states.
According to Reuters, Greece says it wants the review concluded
by the end of the year, eyeing its inclusion in the European
Central Bank's quantitative easing (QE), an asset buying program
it is now excluded from. QE is now running to the end of
March 2017, though it could be extended, Reuters discloses.
=============
I R E L A N D
=============
CARLYLE GLOBAL 2016-2: S&P Assigns Prelim. B- Rating to E Notes
---------------------------------------------------------------
S&P Global Ratings has assigned its preliminary credit ratings to
Carlyle Global Market Strategies Euro CLO 2016-2 DAC's class A-1,
A-2, B, C, D, and E notes. At closing, Carlyle 2016-2 will also
issue an unrated subordinated class of notes.
The preliminary ratings assigned to Carlyle 2016-2's notes
reflect S&P's assessment of:
-- The diversified collateral pool, which consists primarily
of broadly syndicated speculative-grade senior secured term
loans and bonds that are governed by collateral quality
tests. The credit enhancement provided through the
subordination of cash flows, excess spread, and
overcollateralization.
-- The collateral manager's experienced team, which can affect
the performance of the rated notes through collateral
selection, ongoing portfolio management, and trading. The
transaction's legal structure, which is expected to be
bankruptcy remote.
S&P considers that the transaction's documented counterparty
replacement and remedy mechanisms adequately mitigate its
exposure to counterparty risk under its current counterparty
criteria.
Following the application of S&P's structured finance ratings
above the sovereign criteria, it considers the transaction's
exposure to country risk to be limited at the assigned
preliminary rating levels, as the exposure to individual
sovereigns does not exceed the diversification thresholds
outlined in S&P's criteria.
At closing, S&P considers that the transaction's legal structure
will be bankruptcy remote, in line with its European legal
criteria.
Following S&P's analysis of the credit, cash flow, counterparty,
operational, and legal risks, it believes its preliminary ratings
are commensurate with the available credit enhancement for each
class of notes.
Carlyle 2016-2 is a broadly syndicated collateralized loan
obligation (CLO) managed by CELF Advisors LLP. CELF Advisors is
a wholly owned subsidiary of Carlyle Investment Management LLC, a
Delaware limited liability company, which is indirectly owned by
The Carlyle Group L.P. This is CELF Advisors' second CLO in
2016, following Carlyle Global Market Strategies Euro CLO 2016-1
DAC, which closed in May 2016.
RATINGS LIST
Preliminary Ratings Assigned
Carlyle Global Market Strategies Euro CLO 2016-2 DAC
Floating- And Fixed-Rate Notes (Including Subordinated Notes)
Class Prelim. Prelim.
rating amount
(mil. EUR)
A-1 AAA (sf) 232.00
A-2 AA (sf) 59.00
B A (sf) 24.00
C BBB (sf) 19.00
D BB (sf) 25.00
E B- (sf) 11.50
Sub. NR 44.50
NR--Not rated.
Sub.--Subordinated.
SCF RAHOITUSPALVELUT II: Moody's Rates Class E Notes (P)Ba2
-----------------------------------------------------------
Moody's Investors Service assigned provisional ratings to the
following asset-backed securities (ABS) notes to be issued by SCF
Rahoituspalvelut II Designated Activity Company:
-- EUR543.4M Class A Floating Rate Notes due 2025, Assigned
(P) Aaa (sf)
-- EUR27.3M Class B Fixed Rate Notes due 2025, Assigned
(P) Aa3 (sf)
-- EUR9.1M Class C Fixed Rate Notes due 2025, Assigned
(P) A3 (sf)
-- EUR6.1M Class D Fixed Rate Notes due 2025, Assigned
(P) Baa2 (sf)
-- EUR10.3M Class E Fixed Rate Notes due 2025, Assigned
(P) Ba2 (sf)
-- Subordinated and unrated EUR 11.0M Class F Fixed Rate Notes
due 2025 will also be issued.
RATINGS RATIONALE
The rating assignment reflects the transaction's structure as a
static cash securitization of auto loans extended to obligors in
Finland by Santander Consumer Finance Oy (not rated), which is a
wholly owned subsidiary of Santander Consumer Bank AS, which in
turn is a wholly owned subsidiary of Santander Consumer Finance
S.A. (A3/P-2/A3(cr)/P-2(cr)). This is the fifth Moody's rated
public securitization transaction sponsored by Santander Consumer
Finance Oy. The seller also acts as servicer of the portfolio. A
back-up servicer facilitator is appointed at close (Santander
Consumer Finance S.A.) and the structure envisions the selection
of a back-up servicer within 60 days should (i) Santander
Consumer Finance S.A. be downgraded below a Baa3 rating or (ii)
Santander Consumer Finance S.A. no longer holds at least 50% of
the share capital of the servicer.
The provisional portfolio of underlying assets consists of auto
loans distributed through dealers to private individuals and
self-employed individuals (together 82.5%) or commercial entities
(17.5%). These loans finance new cars (36.4%) and used cars
(63.6%). As of October 2016 the provisional portfolio consists of
39,481 loans with a weighted average seasoning of 6.6 months. The
portfolio consists of approximately 47.5% "balloon" loans, which
have equal instalments during the life of the loan and a larger
balloon payment at loan maturity. On average, the balloon
instalment portion accounts for 30.7% of the total principal of
balloon loans and 14.6% of the entire portfolio cash flows.
According to Moody's, the transaction benefits from various
credit strengths such as a granular portfolio and an amortizing
liquidity reserve of 1% of Class A and Class B outstanding notes
balance. However, Moody's notes that the transaction features
some credit weaknesses such as an unrated servicer and a higher
likelihood of deferred interest payments due on the Class E
Notes. Various mitigants have been included in the transaction
structure such as a back-up servicer facilitator which is obliged
to appoint a back-up servicer if certain triggers are breached.
Moody's analysis focused, amongst other factors, on (i)
historical portfolio performance information; (ii) the credit
enhancement provided by the subordination; (iii) the liquidity
support available in the transaction by way of the amortizing 1%
liquidity reserve and the possibility of using principal to pay
interest; (iv) the appointment of a back-up servicer facilitator
at closing; (v) the independent cash manager and calculation
agent; (vi) the notification of the borrowers near the closing
date of the sale of the receivables and direction to borrowers to
pay directly into the issuer account, and (vii) the legal and
structural integrity of the transaction.
MAIN MODEL ASSUMPTIONS:
Moody's determined the portfolio lifetime expected defaults of
2.75%, expected recoveries of 45% and Aaa portfolio credit
enhancement ("PCE") of 11.5% related to borrower receivables. The
expected defaults and recoveries capture our expectations of
performance considering the current economic outlook, while the
PCE captures the loss we expect the portfolio to suffer in the
event of a severe recession scenario. Expected defaults and PCE
are parameters used by Moody's to calibrate its lognormal
portfolio loss distribution curve and to associate a probability
with each potential future loss scenario in the ABSROM cash flow
model to rate Auto ABS. These main assumptions remain unchanged
compared to the previously rated SCF Rahoituspalvelut I
Designated Activity Company transaction on 29 October 2015.
Portfolio expected defaults of 2.75% are lower than the EMEA Auto
Loan ABS average and are based on Moody's assessment of the
lifetime expectation for the pool taking into account (i)
historic performance of the loan book of the originator, (ii)
benchmark transactions, and (iii) other qualitative
considerations, such as the high balloon loan component of the
portfolio.
Portfolio expected recoveries of 45% are in line with the EMEA
Auto Loan ABS average and are based on Moody's assessment of the
lifetime expectation for the pool taking into account (i)
historic performance of the loan book of the originator, (ii)
benchmark transactions, and (iii) other qualitative
considerations.
PCE of 11.5% is slightly higher than the EMEA Auto Loan ABS
average and is based on Moody's assessment of the pool which is
mainly driven by the high exposure to balloon loans despite
considering the strength of the originator and the relative
ranking to originator peers in the EMEA auto loan market. The PCE
level of 11.00% results in an implied coefficient of variation
("CoV") of 57.89%.
METHODOLOGY:
The principal methodology used in these ratings was Moody's
Global Approach to Rating Auto Loan-and-Lease Backed ABS,
published in October 2016.
The ratings address the expected loss posed to investors by the
legal final maturity. In Moody's opinion the structure allows for
the timely payment of interest on the Class A to Class B Notes
and the ultimate payment of interest and principal at par on the
Class A to Class E Notes on or before the rated final legal
maturity date. 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 issues provisional ratings in advance of the final sale
of securities and the above rating reflects Moody's preliminary
credit opinion regarding the transaction only. Upon a conclusive
review of the final documentation and the final note structure,
Moody's will endeavor to assign a definitive rating to the Class
A to Class E Notes. A definitive rating may differ from a
provisional rating.
FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE
RATINGS:
Factors that may cause an upgrade of the ratings include a
significant better than expected performance of the pool together
with an increase in credit enhancement of notes.
Factors that may cause a downgrade of the ratings include a
decline in the overall performance of the pool and change in
control of the servicer or insolvency of the servicer.
LOSS AND CASH FLOW ANALYSIS:
Moody's used its cash flow model ABSROM as part of its
quantitative analysis of the transaction. The ABSROM cash flow
model enables users to model various features of a standard
European ABS transaction - including the specifics of the loss
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.
STRESS SCENARIOS:
In rating auto loan ABS, default rate and recoveries are two key
inputs that determine the loss distribution. Parameter
sensitivities for this transaction have been tested for each
rated class of notes in the following manner: Moody's tested nine
scenarios derived from a combination of mean default: 2.75% (base
case), 3.00% (base case + 0.25%), 3.25% (base case + 0.5%) and
recoveries: 45% (base case), 40% (base case - 5%), 35% (base case
- 10%).
The results for Class A notes under these scenarios vary from Aaa
(base case) model output to Aa1 (model output where the mean
default is 3.25% and recoveries are 35%). 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 impact
were varied. Results for all other rated classes of notes can be
found in Moody's pre-sale report.
SILENUS LIMITED: Moody's Raises Rating on Class D Notes to B1
-------------------------------------------------------------
Moody's Investors Service has affirmed the rating of one class of
Notes and upgraded the ratings of two classes of Notes issued by
Silenus (European Loan Conduit No. 25) Limited (ELoC 25).
Moody's rating action is as follows:
-- EUR63M Class C Notes, Affirmed Baa1 (sf); previously on
Mar 3, 2015 Upgraded to Baa1 (sf)
-- EUR46M Class D Notes, Upgraded to B1 (sf); previously on
Mar 3, 2015 Upgraded to B3 (sf)
-- EUR0.05M Class X Notes, Upgraded to Ba3 (sf); previously on
Mar 3, 2015 Confirmed at B1 (sf)
Moody's does not rate the Class E, Class F and Class G Notes.
RATINGS RATIONALE
The ratings of the Classes D and X Notes are upgraded to reflect
the recent positive developments on the pool with the repayment
of the Nextra loan and the deleveraging of remaining Virgilio
Senior Loan (previously known as Orazio). At the next interest
payment date ("IPD") in November 2016, proceeds from the sale of
the Milan property will be used to pay down the loan resulting in
the full redemption of the Class C notes and partial redemption
of the Class D notes.
The Virgilio Senior Loan has benefitted from the recent re-
gearing of the Rome and Penny leases. The recent re-gearing of
the Rome and Penny leases has been credit positive and is
reflected in the rating upgrade. It is likely that there would
have only been minimal demand for the Penny sub-portfolio of 41
secondary retail assets prior to the lease extension, which has
seen the lease break date move out to May 2023. Even now, there
is still some uncertainty surrounding the liquidation of
secondary retail portfolios in continental Europe. If the
portfolio could only be disposed of in a piecemeal fashion then
it is probable that full recoveries would occur after the final
legal maturity date of the notes in May 2019.
The Class X Notes reference the underlying loan pool. As such,
the key rating parameters that influence the expected loss on the
referenced loan pool also influence the ratings on the Class X
Notes. The rating of the Class X Notes is based on the
methodology described in the cross sector methodology "Moody's
Approach to Rating Structured Finance Interest-Only Securities"
published in October 2015.
Moody's base expected loss for the pool is in the range of 0%-10
% of the current balance. Moody's derives this loss expectation
from the analysis of the default probability of the securitized
loan (both during the term and at maturity) and its value
assessment of the collateral.
Realised losses have increased to 0.6% from 0.1% of the original
securitized balance since the last rating action.
Methodology Underlying the Rating Action:
The principal methodology used in these ratings was Moody's
Approach to Rating EMEA CMBS Transactions published in July 2015.
Factors that would lead to an upgrade or downgrade of the
ratings:
Main factors or circumstances that could lead to a downgrade of
the ratings are (i) a lack of progress or visibility on the work
out of the Virgilio Senior Loan; (ii) a significant decrease in
the value of the underlying properties backing this loan.
Main factors or circumstances that could lead to an upgrade of
the ratings are (i) faster than expected de-leveraging of the
Virgilio Senior Loan, and (ii) demonstrable investor demand for
the Penny sub-portfolio.
MOODY'S PORTFOLIO ANALYSIS
As of the August 2016 IPD, the transaction balance has declined
by 91% to EUR116.0 million (excludes the proceeds from the Milan
asset sale) from EUR 1,238.5 million at closing in 2007 due to
the pay off of 16 loans originally in the pool. The notes are
currently secured by one remaining loan which is secured by
first-ranking legal mortgages over 44 retail and office
properties located throughout Italy.
SUMMARY OF MOODY'S LOAN ASSUMPTIONS
Below are Moody's key assumptions for the Virgilio Senior Loan.
Virgilio Senior Loan - LTV: 83% (Whole)/ 83% (A-Loan); Defaulted;
Expected Loss 0%-10%.
The only remaining loan in the pool, Virgilio Senior Loan is
secured by a portfolio of office and retail properties in Italy.
The loan failed to repay at its maturity date in November 2012
and is currently in special servicing. The loan was restructured
in March 2016. The restructuring terms included the junior lender
converting subordinated debt into equity, an equity injection of
EUR4.2 million, additional capex funds, a specific property
disposal timeline for the remaining assets with penalties in
place if missed, and an extension of the loan term until November
2017. The portfolio contains three office properties of diverse
quality located in Milan, Rome (both single tenanted) and Naples.
The Milan property has been sold for a gross sales price of
EUR49.96 million significantly above its 2016 valuation of
EUR41.4 million. The remaining collateral is a portfolio of 41
secondary quality retail properties located in Northern Italy let
to Penny Market.
===================
L U X E M B O U R G
===================
DEA FINANCE: Fitch Rates EUR400MM 7.5% Notes 'BB'
-------------------------------------------------
Fitch Ratings has assigned DEA Finance SA's senior unsecured
EUR400 mil. 7.5% notes a final 'BB' rating.
The notes are guaranteed by DEA Deutsche Erdoel AG (DEA;
'BB'/Stable), its key subsidiaries accounting for 99% of 2015
EBITDAX and 100% of fixed assets at end-2015 and certain parent
companies of DEA.
While junior to DEA's USD2bn reserve-based lending facility (RBL)
we believe that the overall level of debt in the restricted group
is sufficiently low to generate at least average recoveries for
senior unsecured creditors, and therefore rate the proposed notes
in line with DEA's Issuer Default Rating. The proceeds from the
offering are expected to be used to partially repay outstanding
RBL amounts.
DEA is a medium-sized oil and gas exploration and production
company based in Germany. The company's pro-forma hydrocarbon
output totalled 144 thousand barrels of oil equivalent per day
(mboepd) in 2015 (on a net entitlement basis and accounting for
acquisitions and disposals completed in 2015). DEA's key oil and
gas fields are located in Germany, Norway and Egypt. The share
of gas in total production is around 50%, which is expected to
increase to 80% when new assets in Norway and Egypt add to
production.
The ratings are supported by a diversified asset base in 'AAA'-
rated countries (mainly Germany and Norway), low cost of
production and a clearly stated financial policy with net debt-
to-EBITDAX capped at around 2.0x-2.5x. DEA's credit profile is
constrained by mature assets in Europe, where production decline
is yet to be arrested, and size of production. Fitch
deconsolidate oil and gas output from the West Nile Delta (WND)
reservoir in Egypt from DEA's financial profile because the
company plans to project-finance its stake.
DEA is a wholly owned subsidiary of L1E Acquisitions GmbH (owned
by LetterOne Holdings S.A.) following the acquisition of the
company from RWE AG (BBB/RWN) in March 2015. LetterOne was
founded in 2013 by Mikhail Fridman, German Khan and several other
shareholders.
KEY RATING DRIVERS
Production to Decline; Recovery Expected
Fitch expects DEA's production to decrease to 107mboepd in 2016
(excluding the output from the WND project), from 144mboepd in
2015 (excluding production from the UK assets sold to INEOS
Offshore BCS Limited and including full year production from
assets in the North Sea acquired from E.ON SE (BBB+/Stable)), due
to lower output from Skarv and Njord fields in Norway and
disposal of assets.
Fitch forecasts total liftings to fall to 87 mboepd in 2019
because of declining production in Germany and Norway before
recovering to 106mboepd in 2021, following the development of the
Dvalin (formerly named Zidane) gas field and higher output from
the Skarv Area. In addition, the company is developing the WND
project in Egypt, which will lead to its output increasing to
39mboepd in 2021 from 1mboepd in 2015.
In Line with 'BB' Peers
DEA's geographical and asset diversification compares well with
peers, such as Kosmos Energy Ltd (B/Stable), which usually have a
concentrated asset base located in more politically challenging
countries, and is more comparable to Newfield Exploration Company
(BB+/Stable) with 2015 output of 139mboepd. This factor, coupled
with leverage and the size of production, is commensurate with
the mid-'BB' rating category.
'AAA' Countries Support Rating
Around 85% of total production in 2015 came from oil and gas
fields located in Germany, Norway and Denmark (GDN), mainly
Volkersen, Mittelplate, Skarv, Gjoa and Snorre. This represented
almost the entire EBITDAX in 2015. Fitch views assets located in
'AAA' rated countries as positive for DEA's credit profile.
At the same time, assets in the 'AAA' rated countries are mature
reservoirs with declining production. The production volume from
GDN increased in 2015 on acquisition of assets in the Norwegian
North Sea from E.ON for USD1.6 bil., but Fitch expects volumes to
decrease 44% to 69mboepd by 2019, due to natural decline before
recovering substantially to 88mboepd in 2021 on the back of
higher production from the Dvalin and the Skarv Area.
Dvalin is a large gas field in Norway with 1P gas reserves of
432Bscf operated by DEA. The company currently holds a 40% stake
in the project, which we understand may increase going forward
following discussions with partners. The submission of plan for
operation and development took place in October 2016 after some
delay. DEA plans to tie back the field to the Statoil-operated
infrastructure at Heidrun platform with a 15km production
flowline.
Production in the Skarv Area started in 2013 (Skarv and Idun
fields) and is expected by Fitch to naturally decline from the
peak in 2015 until 2020 when production is expected to improve
mainly from the development of the Snadd field.
Prospective Assets in North Africa
The company expects production in Egypt and Algeria to increase
to 46mboepd in 2019 from 22mboepd in 2015, including 25mboepd
from WND. DEA started commercial production from the Disouq
concession (100% working interest (WI)) in Egypt (B/Stable) in
2013.
In March 2015, BP plc (A/Stable) and DEA signed the final
agreements for WND (WI 17.25%), where the companies expect to
develop 5 trillion cubic feet of gas and 55mmboe of condensates.
Another significant prospect is the Reggane Nord gas field in
Algeria (19.5% WI). Production in Reggane and WND is expected to
start in 2017.
Fitch views the company's track record in developing new
reservoirs as strong, which supports its ratings. Additionally,
WND and Reggane are operated by experienced partners - BP plc and
Repsol (BBB/Negative), respectively - with the former project
currently one of the core development assets for BP. The output
from these assets will help improve DEA's operational profile
before production decline in Germany and Norway is halted, which
is positive for the credit profile.
At the same time, a higher contribution from lower-rated and less
politically stable regions constrains the ratings. Increasing
production in Egypt and Algeria will also require significant
capex. DEA plans to project-finance its stake in WND, which will
reduce its share of spending by USD500 mil.-USD600 mil. from the
expected USD850 mil. to develop the field. Fitch therefore
deconsolidates WND from Fitch's forecasts.
Project Finance for WND
The project finance loan is currently being negotiated. Fitch's
base case assumption is that that ring-fencing of DEA from the
loans will be strong enough and WND funding and production will
be deconsolidated. An alternative scenario would have a neutral
impact on DEA's credit profile.
Fitch's forecasts including WND show that leverage metrics are
still commensurate with the 'BB' rating, while higher oil and gas
production would offset the negative impact on DEA's business
profile of higher production from lower rated countries. The
neutral impact of potential WND consolidation should also be
viewed in conjunction with our expectation of the majority of oil
and gas production coming from politically stable regions such as
Germany or Norway following the acquisition of assets in Norway
from E.ON.
Low Production Costs
Production costs totaled USD7/boe in 2015, down from USD13/boe in
2014, due to cost-cutting measures and the substitution of
higher-cost production in the UK with more profitable assets in
Norway acquired from E.ON. Costs are expected to remain broadly
stable at USD5/boe over the rating horizon of next five years
when Egyptian production is counted in. Low production costs
support DEA's credit profile.
1P reserves totaled 400 million boe (mmboe) in 2015 (including
WND), which translates into eight years of reserve life and
compares well with peers such as Kosmos Energy (nine years), Unit
Corporation (B+/Negative, seven years), Newfield Exploration
Company (10 years). Excluding WND and Njord fields, 1P reserves
total 317mmboe and reserve life is six years at the 2015
production level.
EBITDA to Rise From Low
Fitch expects EBITDA to bottom out in 2016 at EUR641 mil., due to
lower production in Norway and Egypt versus 2015 and lower
hedging income (EUR120 mil. in 2015), followed by a gradual
price-driven increase, in line with Fitch's oil price deck of
USD42/bbl in 2016, USD45/bbl in 2017, USD55/bbl in 2018 and
USD65/bbl over the long term. Fitch expects funds from
operations (FFO)-adjusted net leverage to peak at 3.3x in 2016,
on the back of a challenging macro environment and high capex in
Egypt and Algeria, before decreasing to 2.9x in 2019.
The financing structure comprises a USD2.3 bil. (USD2,050 mil.
drawn) senior secured reserve-based lending (RBL) facility with a
comfortable maturity profile. Shareholder loans (EUR.1.1 bil. at
end-2015) were excluded from the debt amount, as they have
equity-like characteristics.
DEA plans to maintain net debt-to-EBITDAX at around 2.0x, with a
temporary increase up to 2.5x in case of inorganic growth. The
company is also obliged to keep net debt-to-EBITDAX below 3.0x
under its RBL facility. Fitch's forecasts show net debt-to-
EBITDAX will remain below 2.5x until 2019.
New Acquisitions Likely
DEA plans to remodel its portfolio and to further grow through
acquisitions. Headroom for debt-financed inorganic growth is
currently limited. Fitch therefore assumes that a potential
transaction would be largely financed with shareholder funds if
the expected contribution to EBITDA from acquired assets would
not allow the maintenance of the target net debt-to- EBTDAX
ratio.
Parent Neutral for Rating
DEA was acquired by LetterOne Holdings S.A. in March 2015. The
latter entity is owned by an investment holding of Mikhail
Fridman and German Khan and several other shareholders. DEA is
domiciled in Germany. LetterOne received all required consents
from European authorities to acquire DEA, but the UK authorities
obliged LetterOne to dispose of DEA's UK assets, which took place
in 2015. Fitch do not view corporate governance as a rating
constraint.
DEA is ring-fenced and Fitch views it's the ownership by
LetterOne as rating-neutral as is also the case for DEA's private
equity-owned peers. LetterOne has ample resources after
monetizing its stake in TNK-BP and also provided shareholder
funding to DEA. Although future support is likely, especially for
DEA's inorganic growth, we do not include any rating uplift.
German Investment Guarantees Positive
Most of DEA's investments in North Africa are covered by
investment guarantees of Germany. The guarantee covers risk
related to expropriation, nationalization of assets, war or other
armed conflicts and cash transfer restrictions. The ability to
recover lost investment in case of major problems with operations
in Africa is positive for the company's credit profile.
KEY ASSUMPTIONS
-- Oil prices of USD42/bbl in 2016, USD45/bbl in 2017,
USD55/bbl in 2018 and USD65/bbl in the long term
-- Gas prices (NBP) of USD5/mcf in 2016, USD5.5/mcf in 2017,
USD6/mcf in 2018 and USD6.5/mcf in the long term
-- EURUSD exchange rate 1.1
-- Oil and gas output around 5% below management's assumptions
-- Non-core cash inflows plus divestments of USD274 mil. in
2016, USD155 mil. in 2017 and USD60 mil. in 2018
-- No dividend pay-outs except for partial payback of loan
from shareholders in 2016
-- Capex in line with management forecasts
RATING SENSITIVITIES
Positive: Future developments that may, individually or
collectively, lead to positive rating action include:
-- Increase in oil and gas output to above 150mboepd
(excluding WND)
-- Majority of oil and gas production in politically stable
regions
-- FFO adjusted net leverage below 3.0x on a sustained basis
-- Longer track record of operations in the current
group/financial structure
Negative: Future developments that may, individually or
collectively, lead to negative rating action include:
-- Large debt-financed acquisition
-- FFO net leverage consistently above 4.0x
-- Reserve life falling below five years
LIQUIDITY
DEA's liquidity is adequate. The group's policy is to ensure a
fully funded status for 12 months. DEA does not have any
immediate debt maturities. The first maturity is in 2019, when
the RBL amortization schedule begins. As at June 30, 2016, the
group had USD250 mil. under the RBL, a USD50 mil. working capital
facility from Unicredit and USD141 mil. cash at hand (Fitch
assumes USD75 mil. is the minimum cash needs of the company in
line with Fitch's rating methodology and this balance is excluded
from DEA's reported cash balance). The bond proceeds should
strengthen DEA's liquidity position.
=====================
N E T H E R L A N D S
=====================
DCDML 2016-1: Moody's Assigns B2 Rating to Class E Notes
--------------------------------------------------------
Moody's Investors Service ay assigned provisional credit ratings
to the following classes of notes issued by DCDML 2016-1 B.V.:
-- EUR [250.2]M Class A Notes 2016 due [2049], Assigned
(P) Aaa (sf)
-- EUR [6.9]M Class B Notes 2016 due [2049], Assigned
(P) Aa2 (sf)
-- EUR [6.7]M Class C Notes 2016 due [2049], Assigned
(P) A1 (sf)
-- EUR [3.7]M Class D Notes 2016 due [2049], Assigned
(P) Baa2 (sf)
-- EUR [4.4]M Class E Notes 2016 due [2049], Assigned
(P) B2 (sf)
Moody's has not assigned any ratings to the class F notes or
class RS notes. The class A to F are mortgage backed notes. The
proceeds of the class RS notes are partially used to fund the
reserve account.
The transaction represents the securitization of Dutch prime
mortgage loans backed by residential properties located in the
Netherlands and originated by Dynamic Credit Woninghypotheken
B.V. (Dynamic Credit, not rated). The portfolio will be serviced
by Quion Services B.V. (Quion, not rated) and Intertrust
Management B.V. acts in the role of issuer administrator.
RATINGS RATIONALE
The ratings of the notes take into account the credit quality of
the underlying mortgage loan pool and the legal and structural
features of this transaction, from which Moody's determined the
MILAN Credit Enhancement (CE) and the portfolio expected loss.
The expected portfolio loss of 1.5% of current balance of the
portfolio at closing and the MILAN CE of 11.0% served as input
parameters for Moody's cash flow model.
The key drivers for the MILAN CE number, which is higher than the
Dutch Prime RMBS sector average, are (i) the limited historical
performance data for the originator's portfolio; (ii) the
weighted average current loan-to-market-value (LTMV) of [98.4]%,
and (iii) the weighted average seasoning of [0.4] years with the
maximum vintage concentration of [55.2]% in 2015.
The key drivers for the portfolio expected loss, which is higher
than the Dutch Prime RMBS sector average, are (i) the limited
historical performance data for the originator's portfolio; (ii)
benchmarking with comparable transactions in the Dutch RMBS
market, and (iii) the current economic conditions in the
Netherlands.
Interest rate risk analysis: BNP Paribas (A1/P-1/Aa3(cr)) is
expected to act as the swap counterparty for the fixed-rate
mortgages in the transaction. The floating-rate loans will be
unhedged. Moody's has taken into consideration the interest rate
swap in its cash flow modelling.
At closing, the transaction has the benefit of liquidity through
a reserve account fully funded at [1.1]% of the rated note
balance which consists of five sub-ledgers for each of the class
A-E notes. Only the class A ledger will amortize subject to a
floor of 50% of the initial amount. Amortization will occur
subject to certain strict conditions when the outstanding balance
of class A notes is less than 50% of the amount at closing. After
the respective classes of notes have amortized the corresponding
reserve sub-ledgers will be equal to zero and will be released to
the principal waterfall. On legal final maturity of the notes any
remaining amounts will be released to the principal waterfall. In
addition, principal to pay interest is available to pay the
interest rate on the class A notes or for class B to E notes in
case they become the most senior notes outstanding.
Moody's Parameter Sensitivities: At the time the rating was
assigned, the model output indicated that class A would have
achieved Aaa rating if the expected loss was as high as 4.5%
assuming MILAN CE of 11.0% and all other factors remained the
same.
Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's 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 and is not intended
to measure how the rating of the security might migrate over
time, but rather how the initial rating of the security might
have differed if key rating input parameters were varied.
Parameter Sensitivities for the typical EMEA RMBS transaction are
calculated by stressing key variable inputs in Moody's primary
rating model.
The servicer Quion is not rated by Moody's, which introduces
operational risk into the transaction. Operational risk is
mitigated by the appointment of a back-up servicer facilitator
(BNP Paribas Securities Services, Luxembourg Branch (part of BNP
Paribas, rated A1/P-1/ Aa3(cr)) who will assist the Issuer in
appointing a back-up servicer on best effort basis upon
termination of servicing agreement. The documentation also
contains estimation language if the servicer report is not
available due to the servicer disruption. In addition, Intertrust
Management B.V. (Intertrust, not rated) acts in the role of cash
manager.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
September 2016.
The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage. Please see Moody's Approach to Rating RMBS Using the MILAN
Framework for further information on Moody's analysis at the
initial rating assignment and the on-going surveillance in RMBS.
The provisional ratings address the expected loss posed to
investors by the legal final maturity of the Notes. Moody's
issues provisional ratings in advance of the final sale of
securities, but these ratings represent only Moody's preliminary
credit opinions. Upon a conclusive review of the transaction and
associated documentation, Moody's will endeavor to assign
definitive ratings to the Notes. A definitive rating may differ
from a provisional rating. Other non-credit risks have not been
addressed, but may have a significant effect on yield to
investors.
Factors that would lead to an upgrade or downgrade of the
ratings:
Significantly different loss assumptions compared with our
expectations at close due to either a change in economic
conditions from our central scenario forecast or idiosyncratic
performance factors would lead to rating actions. For instance,
should economic conditions be worse than forecast, the higher
defaults and loss severities resulting from a greater
unemployment, worsening household affordability and a weaker
housing market would result in downgrade of the ratings. In
addition, a deterioration in the notes available credit
enhancement or counterparty risk due a weakening of the credit
profile of a transaction counterparty could result in a downgrade
of the ratings. Deleveraging of the capital structure or better-
than-expected performance of the underlying assets could result
in upgrade of the ratings.
LEOPARD CLO II: S&P Cuts Rating on D Notes to 'D' Then Withdraws
----------------------------------------------------------------
S&P Global Ratings lowered to 'D (sf)' from 'CC (sf)' and
subsequently withdrew its credit rating on Leopard CLO II B.V.'s
class D notes following the nonpayment of principal in full. The
rating will remain at 'D (sf)' for 30 days before the withdrawal
becomes effective. At the same time, S&P has affirmed its
'CCC- (sf)' rating on the class C notes and subsequently
withdrawn its rating on this class of notes.
Leopard CLO II's legal final maturity date is April 7, 2019.
Following the Aug. 2, 2016 notice to the noteholders, the
portfolio manager advised the noteholders on its expectation of
the repayment or sale of the remaining collateral in the
portfolio before the Oct. 7, 2016 payment date. The proceeds
were applied to the final redemption of the outstanding notes.
On the October payment date, the class C notes were paid in full.
Following this, S&P has affirmed its 'CCC- (sf)' rating on the
class C notes and subsequently withdrawn its rating on this class
of notes.
The class D notes were not be paid in full. S&P has therefore
lowered to 'D (sf)' from 'CC (sf)' its rating on the class D
notes. The rating will remain at 'D (sf)' for 30 days before
S&P's withdrawal of its rating on this class of notes becomes
effective.
Leopard CLO II is a cash flow CLO transaction. The legal final
maturity date of the notes is April 7, 2019.
RATINGS LIST
Leopard CLO II B.V.
EUR400 mil floating-rate notes
Rating
Class Identifier To From
C 52668UAD9 CCC- (sf) CCC- (sf)
D 52668UAE7 D (sf) CC (sf)
Ratings Subsequently Withdrawn
Leopard CLO II B.V.
EUR400 mil floating-rate notes
Rating
Class Identifier To From
C 52668UAD9 NR CCC- (sf)
NR--Not rated
===========
R U S S I A
===========
ALROSA PJSC: Fitch Raises IDR to 'BB+', Outlook Stable
------------------------------------------------------
Fitch Ratings has upgraded Russian diamond producer PJSC ALROSA's
Long-Term Issuer Default Rating and ALROSA Finance SA's senior
unsecured rating to 'BB+' from 'BB'. ALROSA's Short-Term IDR has
been affirmed at 'B'. The Outlook on the Long-Term IDR is
Stable.
The upgrade reflects Fitch's expectations that ALROSA will
maintain funds from operations (FFO) gross adjusted leverage at a
conservative level at or below 2.0x (2015: 2.0x) on a sustained
basis, as already seen at end-2015 and 1H16, which was Fitch's
previous positive rating guidance. This is a result of ALROSA's
outperformance of our conservative expectations over the past few
years, driven by a weaker rouble and higher than expected diamond
pricing, which allowed ALROSA's leverage to rebase at 1.0x-1.3x
for the rating horizon from above 2.0x before 2015. The ratings
also reflect ALROSA's strong operating profile as the largest
diamond producer (30% global diamond production share in 2015),
and its cost leadership.
The Stable Outlook reflects the improved, albeit still fragile
outlook for the diamond market. It also reflects ALROSA's good
liquidity position as at end-1H16 with less than 15% of total
debt due in 2H16 and 2017 against a RUB60bn cash cushion and
positive free cash flow (FCF).
KEY RATING DRIVERS
Outperformance in 2016
ALROSA outperformed our expectations in 2015 and 1H16. The
outperformance in 1H16 was driven by an improved market
environment and supported by a de-stocking phase in 2015
following a build-up in inventories in 2014. This followed weak
diamond jewellery demand expectations in 2014 and 2015, due to
the slowdown in China. There has been a y-o-y recovery in
volumes in 1H16, which had a positive impact on ALROSA's
performance. Reported rouble-denominated EBITDA was up by 58%
y-o-y and net debt down by 25% in 1H16 to RUB153 bil. from RUB202
bil. at end 2015.
Fitch expects that performance in 2H16 will not be as strong as
1H16. However, Fitch expects revenue and EBITDA to peak in 2016
at RUB333 bil. and RUB177 bil., respectively. After that, Fitch
projects EBITDA to fall to around RUB125bn in 2018, on the
assumption of stable prices and demand and a gradual
strengthening of the rouble against the USD. Therefore, although
Fitch expects falling EBITDA, moderate capex and dividends would
still allow ALROSA to generate positive FCF and keep leverage
within 1.0x-1.3x, well below Fitch's previous 2.0x positive
rating guidance.
Price Over Volume Strategy
ALROSA and DeBeers (which together represented around 53% of
global diamond production in 2015) built up inventories in 2015,
despite DeBeers cutting its production guidance by three million
carats during 2015. ALROSA has lowered its production guidance
by two million carats this year. Fitch believes that the
companies will continue to follow a price over volume strategy,
as they have done historically.
Fitch expects that producers will gradually release their high
inventory levels, aiming to balance the rough diamond supply with
demand, which is expected to be between 0%-2% annually, until
2019. However, Fitch notes oversupply risk stemming from
potential new capacities (eg DeBeers' Gahcho Kue and Misery pipe)
might increase supply by around 4% per year for the next two
years. If they come into production it will create significant
medium-term price pressure. Consequently, Fitch believes that a
price increase is highly unlikely in the short to medium term.
Prices could come under further pressure if realised oversupply
risk does not match the demand dynamics.
Higher Dividends
ALROSA's dividend policy states a payout ratio of at least 35% of
IFRS net income. This year the company paid out 50% of IFRS net
income. Fitch expects a moderate capital spending program during
the forecast period along with resilient cash flow generation,
which is supported by the rouble. This should allow ALROSA to
continue pay increased dividends at 50% of IFRS net income, which
would lead to a cash dividend payment of above RUB50bn in 2017
and 2018.
Gas Asset Disposal Uncertain
ALROSA continues to streamline its business as it focuses on its
core business of diamond mining. The main non-core asset that
ALROSA holds is its gas assets, which it has been planning to
divest. The timing and cash-flow impact of ALROSA's plans to
divest its non-core assets to Russian oil major Rosneft are
uncertain. Fitch therefore do not incorporate the sale into its
forecasts. If realized, this will likely have a neutral to
positive effect on ratings subject to the transaction's terms and
conditions.
Diamond Industry Risks
The diamond industry can be characterized by significant volume
risk. For instance, the 2008-2009 financial crisis led to a 45%
decline in ALROSA's sales in 2009 (excluding state-financed
sales). ALROSA's response was a 55% capex reduction and minimal
dividends for 2009-2010, which led to leverage recovering to
below the 2007 level by 2010. ALROSA's exposure to diamond
market shocks is mitigated by its medium-term ability to reduce
capex (expansion capex is around 30%-40% of total, and
maintenance capex can be partly delayed for one to two years) and
dividends to a significant extent. This provides stability to
ALROSA's long-term financial profile.
Synthetic diamonds pose a potential risk to the industry but we
view this risk as longer term. Fitch do not believe that it will
have any material impact on ALROSA in the medium term.
One-Notch Uplift for State Support
Fitch continues to regularly assess the level of the Russian
state support to ALROSA. The Russian Federation (BBB-/Negative)
and the Republic of Sakha (BBB-/Negative) hold 33% and 25% of
ALROSA's voting shares, respectively, and control its board of
directors and top management. Moderate strategic but weak legal
ties with the parents are reflected in a single-notch uplift from
ALROSA's standalone rating (including corporate governance
discount) of 'BB'. The company benefited from state support
during 2008-2009 when the Russian State Depository for Precious
Metals and Stones purchased around 40% of 2009 diamond sales, and
state-owned Bank VTB refinanced ALROSA's short-term debt.
Two-Notch Discount for Corporate Governance
Fitch applies a standard two-notch discount due to ALROSA's
higher than average systemic risks stemming from its operations
concentrated in Russia. ALROSA's standalone profile is 'BBB-',
excluding the two-notch corporate governance discount and one-
notch state support. The rating is underpinned by the company's
leading position in the rough diamond market globally, strong
reserves base, robust cost position, recent deleveraging and
adequate liquidity. The standalone rating remains constrained by
ALROSA's limited product diversification and its exposure to a
cyclical single end-market (retail jewellery).
KEY ASSUMPTIONS
Fitch's key assumptions within its rating case for the issuer
include:
-- Flat prices for the next three years.
-- Average RUB/USD exchange rate of 69 in 2016 trending
towards 57 by 2019
-- Diamond sales of around 37 million carats per year in
2016-2018
-- EBITDA margin to exceed 50% in 2016 and drift towards 40%
by 2018-2019
-- No M&A deals, 8%-12% capex/sales and 50% dividend payout
ratio to result in positive FCF
RATING SENSITIVITIES
Future developments that may, individually or collectively, lead
to positive rating action:
-- Fitch do not anticipate positive rating action in the
foreseeable future, but this would be a possibility with a
stable diamond market outlook and positive FCF, translating
into FFO adjusted gross leverage sustainably below 1x,
underpinned by a more conservative financial policy.
Future developments that may, individually or collectively, lead
to negative rating action:
-- FFO adjusted gross leverage above 2.0x on a sustained basis
-- Prolonged market deterioration leading to EBITDA margin
below 35% on a sustained basis
-- Reduced support from the Russian Federation
LIQUIDITY
In June 2016 ALROSA refinanced its USD720 mil. bank loan with JSC
Alfa-Bank, which postponed its maturity to 2019 from 2017. At
end-1H16 ALROSA had no debt due in 2H16 and RUB24 bil. (14%) due
in 2017, which is well covered by RUB60bn cash cushion (adjusted
for not readily available cash of RUB8bn) and positive FCF.
Fitch expects liquidity to continue to be strong as ALROSA
continues to use it large cash balance and positive FCF to pay
down debt.
REPUBLICAN INVESTMENT: S&P Affirms Then Withdraws 'B' ICR Rating
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term issuer credit
rating and 'ruA-' Russia national scale rating on Russia-based
Republican Investment Company (RIC) JSC. S&P subsequently
withdrew the ratings at the issuer's request. At the time of
withdrawal, the outlook was stable.
Prior to the withdrawal, the ratings on RIC reflected S&P's view
of a high likelihood that the Russian region, Republic of Sakha,
which fully owns RIC, would provide timely and sufficient
extraordinary support to RIC in the event of financial distress.
The 'B' long-term rating was therefore two notches above RIC's
stand-alone credit profile (SACP), which S&P assessed at 'ccc+',
owing to the evolving nature of the company's medium-term
business strategy and RIC's lack of successful track record of
commercial investment activities.
In accordance with S&P's criteria for government-related entities
(GREs), its view of a high likelihood of extraordinary government
support was based on S&P's assessment of RIC's:
-- Important role in implementing Sakha's investment program.
RIC's key strategy includes completion of a railroad and
other regional transport and social infrastructure
construction under its initial mandate, securing state and
off-budget financing for new infrastructure and business
projects in Sakha, and managing assets that Sakha will
transfer to it. However, in S&P's opinion, RIC doesn't
provide essential public services, and credit stress or
interruption of its operations wouldn't have a systemic
impact on the regional economy; and
-- Very strong link with Sakha's government, which owns 100%
of RIC and doesn't plan to privatize it at least in the
medium term. Sakha outlines RIC's development strategy,
approves investment projects, and closely monitors its
operations. Sakha also appoints RIC's board of directors,
which consists of Sakha's incumbent and former government
officials. Nevertheless, Sakha doesn't currently provide
an explicit guarantee for the timely repayment of RIC's
debt.
S&P's SACP assessment reflected RIC's short history of
operations, high implementation risks related to its evolving
development strategy, and the lack of successful track record of
its commercial investment activities. RIC's current longer term
strategy envisions a transformation into an umbrella development
institution encompassing Sakha's existing financial GREs that
would focus on investment management and infrastructure
development in the region. However, these plans are still
evolving and the transformation may take a number of years. S&P
understands, over the next two to three years, RIC will primarily
continue implementing Sakha's ongoing investment program and
focusing on socially important projects in the republic.
RIC was set up by Sakha in 2006 as a special-purpose company to
sell Sakha's coal-mining assets and finance the construction of a
railroad and other infrastructure with the proceeds. RIC's
mandate assumes that the company will complete the railroad, as
well as a number of other industrial and social infrastructure
projects (which were 99% complete as of mid-year 2016), and then
transfer the assets to Sakha and the federal government at cost
with zero profit by 2017.
* S&P Revises Outlooks on 11 Russia-Related Finc'l Institutions
---------------------------------------------------------------
S&P Global Ratings said that it had revised its outlooks on 11
Russia-related financial institutions to stable from negative
following its similar action on the sovereign. The counterparty
credit ratings on the financial institutions were also affirmed.
RATIONALE
Government-Related Entities
S&P revised its outlooks and affirmed the ratings on these
government-related entities (GREs) and members of GRE groups.
The revision reflects the somewhat stabilizing economic
environment in Russia and the government's capacity to provide
timely and sufficient extraordinary support to these GREs.
-- VTB Bank JSC (BB+/Stable/B)
The outlook on VTB Bank JSC reflects that on Russia.
S&P equalizes the ratings and outlooks on these core VTB group
members with those on VTB Bank JSC:
-- VTB-Leasing (BB+/Stable/B)
-- VTB-Leasing Finance (BB+/Stable/B)
-- VTB Capital PLC (BB+/Stable/B)
-- VTB Insurance Ltd. (BB+/Stable/--)
These banks have high strategic importance to the VTB group, and
it rates these group members one notch below VTB Bank JSC.
-- VTB Bank (Kazakhstan) (BB/Stable/B)
-- VTB Bank (Deutschland) AG (BB/Stable/B)
MEMBERS OF LARGE FOREIGN GROUPS OPERATING IN RUSSIA
S&P revised its outlooks and affirmed its ratings on these
members of large foreign groups that operate in Russia because of
S&P's view of somewhat reducing pressure from the sovereign
rating and reflecting the application of its criteria, given that
all of them are exposed predominantly to the Russian market. S&P
continues to caps the long- and short-term ratings on these
entities at this level of S&P's foreign currency sovereign
ratings on Russia (BB+/Stable/B):
-- BNP PARIBAS BANK JSC (BB+/Stable/B)
-- AO UniCredit Bank (BB+/Stable/B)
-- Bank ICBC JSC (BB+/Stable/B)
-- Credit Suisse Securities (Moscow) Ltd. (BB+/Stable/B)
OUTLOOKS
The outlooks on all these entities are now stable.
AO UNICREDIT BANK (UniCredit Russia)
The stable outlook on UniCredit Russia mirrors that on the
Russian Federation and reflects S&P's view that the bank will be
able to maintain its creditworthiness over the next 12 months.
S&P would consider revising its assessment of the bank's stand-
alone credit profile (SACP) downward if S&P observed weaker-than-
expected loan loss performance or a significant deterioration of
its capital metrics. However, a weaker SACP would not trigger a
downgrade, all other factors being equal, since S&P would
incorporate a notch of uplift to reflect the likelihood of
extraordinary support from the parent, UniCredit SpA.
S&P considers the possibility of a positive rating action to be
remote in the current environment, since it would require an
upgrade of the sovereign as well as improvement of the bank's or
the group's financial profile.
BNP PARIBAS BANK JSC (BNPP JSC)
The stable outlook on BNPP JSC mirrors that on the Russian
Federation, since the bank operates solely in the Russian market
and remains highly exposed to macroeconomic risks in Russia. The
outlook also reflects S&P's view that BNPP JSC should be able to
maintain its financial standing over the next 12-18 months,
despite the challenging macroeconomic environment.
S&P could lower the ratings on the bank if it lowered the foreign
currency ratings on Russia. Moreover, although this is not S&P's
base-case scenario for the next 12-18 months, it could downgrade
BNPP JSC if we perceived that the BNPP group's commitment to its
subsidiary had weakened, which would affect S&P's assessment of
the bank's status within the group.
Although S&P considers the possibility of a positive rating
action to be remote in the current environment, it could raise
the ratings on BNPP JSC if S&P raised the ratings on Russia.
CREDIT SUISSE SECURITIES (MOSCOW) LTD. (CSSM)
The stable outlook on CSSM mirrors the stable outlook on Russia.
If S&P was to change its sovereign ratings or revise its transfer
and convertibility assessment on Russia in the next 12-18 months,
S&P would likely make the same change to the ratings on CSSM.
This is because CSSM operates exclusively in the Russian market
and is therefore exposed to Russian market risks.
S&P could lower its ratings on CSSM if we observed a diminished
commitment from its parent, Credit Suisse AG, to provide further
capital or funding support. A negative rating action may also
follow if the Credit Suisse Group reconsiders its strategy for
the Russian market, which could lead S&P to revise its assessment
of CSSM's group status vis a vis Credit Suisse AG.
S&P could consider a positive rating action if it took a similar
action on the sovereign, assuming Credit Suisse AG continued to
view Russia as an important region for business expansion and
continued providing capital and other support to its Russian
subsidiary.
BANK ICBC JSC
S&P's stable outlook on Bank ICBC mirrors that on Russia and
reflects S&P's view that the bank should be able to maintain its
financial standing, despite the difficult operating environment
in Russia.
"If we lowered our long-term rating on Russia, we would downgrade
Bank ICBC. We could also lower the ratings on Bank ICBC if we
considered that its parent bank ICBC Ltd. was displaying
diminished commitment to its Russian subsidiary. If the parent
bank reconsidered its strategy for Bank ICBC, so that the
subsidiary could not rely on further capital and funding support
from its parent bank, we would likely revise our assessment of
Bank ICBC's group status, which could affect our ratings on the
Russian subsidiary," S&P said.
Although S&P considers the possibility of a positive rating
action to be remote in the current environment, it could raise
the ratings on Bank ICBC if S&P raised the ratings on Russia.
VTB BANK JSC
The stable outlook on VTB Bank JSC mirrors that on Russia. The
outlook reflects S&P's view that VTB Bank JSC will be able to
maintain its creditworthiness over the next 12-18 months. The
outlook also reflects S&P's opinion that the Russian government
will maintain its majority ownership and control over the bank at
least over the next few years. In this scenario, S&P expects to
maintain its opinion of VTB Bank JSC's very important role for
and very strong link with the Russian government, which leads S&P
to expect a very high likelihood of support from the government
if necessary.
If S&P lowered its long-term local currency sovereign rating on
Russia, it would be an indication of Russia's reduced financial
capacity to support state-owned banks, and S&P would consequently
downgrade VTB Bank JSC. S&P thinks that increased market
volatility and weak growth prospects will put increasing pressure
on the bank's financial performance. A significant deterioration
in the bank's operating environment or a downward revision of
S&P's assessment of VTB Bank JSC's SACP, notably due to a
weakening of capitalization, liquidity, or funding, could also
lead to a negative rating action.
S&P could raise the ratings if VTB Bank JSC's SACP sustainably
improved, and S&P upgraded Russia, assuming no change in VTB Bank
JSC's very important role for and very strong link with the
Russian government. Although S&P considers this scenario to be
remote, an improvement in the bank's creditworthiness could be
owing to an improvement in capitalization. This could happen,
for example, if VTB Bank JSC's forecast risk-adjusted capital
ratio were sustainably to exceed 5%.
The rating actions on subsidiaries of VTB Bank JSC will mirror
those on VTB Bank JSC. S&P may also take negative rating action
on any of these entities--VTB Insurance, VTB-Leasing, VTB-Leasing
Finance, VTB Deutschland, VTB Capital PLC, and VTB Bank
(Kazakhstan)--if we believe their importance to the group has
reduced.
RATINGS LIST
Outlook Action; Ratings Affirmed
To From
VTB Bank JSC
VTB-Leasing
VTB-Leasing Finance
VTB Capital PLC
Counterparty Credit Rating BB+/Stable/B BB+/Neg./B
VTB Insurance Ltd.
Counterparty Credit Rating
Local Currency BB+/Stable/-- BB+/Neg./--
Financial Strength Rating
Local Currency BB+/Stable/-- BB+/Neg./--
VTB Bank (Kazakhstan)
VTB Bank (Deutschland) AG
Counterparty Credit Rating BB/Stable/B BB/Neg./B
BNP PARIBAS BANK JSC
Counterparty Credit Rating BB+/Stable/B BB+/Neg./B
AO UniCredit Bank
Counterparty Credit Rating BB+/Stable/B BB+/Neg./B
Bank ICBC JSC
Counterparty Credit Rating BB+/Stable/B BB+/Neg./B
Credit Suisse Securities (Moscow) Ltd.
Counterparty Credit Rating BB+/Stable/B BB+/Neg./B
=========
S P A I N
=========
BANCO DE CREDITO: Fitch Assigns 'B+(EXP)' Rating to Sub. Notes
--------------------------------------------------------------
Fitch Ratings has assigned Banco de Credito Social Cooperativo
S.A.'s (BCC) upcoming subordinated notes an expected rating of
'B+(EXP)'.
The assignment of the final rating is contingent on the receipt
of final documents conforming to the information already
received.
BCC is part of Grupo Cooperativo Cajamar (GCC), which also
comprises 19 credit cooperatives, and is subject to a mutual
support mechanism under which members mutualise 100% of profits
and have a cross-support mechanism for solvency and liquidity.
On this basis, Fitch assigns the same Issuer Default Ratings
(IDRs) to the group members and uses GCC's VR as the starting
point for BCC's subordinated debt rating.
KEY RATING DRIVERS
SUBORDINATED DEBT
The subordinated notes are notched down one notch from GCC's
Viability Rating (VR) of 'bb-' for loss severity because of lower
recovery expectations relative to senior unsecured debt. These
securities are subordinated to all senior unsecured creditors.
RATING SENSITIVITIES
SUBORDINATED DEBT
The subordinated notes' expected rating is sensitive to changes
in GCC's VR, which drives BCC's Long-Term IDR. The rating is
also sensitive to a widening of notching if Fitch's view of the
probability of non-performance on the bank's subordinated debt
relative to the probability of the group failing, as measured by
its VR, increases or if Fitch's view of likely recovery changes.
The rating is also sensitive to any changes in the mutual support
mechanism within the group that would result in us concluding
that risk of BCC's non-performance is no longer best reflected by
GCC's VR.
INSTITUTO VALENCIANO: S&P Affirms 'BB/B' ICRs, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings said that it affirmed its 'BB/B' long- and
short-term issuer credit ratings on financial agency Instituto
Valenciano de Finanzas (IVF), based in Spain's Autonomous
Community of Valencia (AC Valencia). The outlook is stable.
IVF is AC Valencia's financial agency in charge of managing the
debt of the region and its public sector entities. It also
implements ACV's public credit policy.
S&P considers IVF to be a government-related entity (GRE). S&P
equalizes its ratings on IVF with those on AC Valencia because
S&P thinks there is an almost certain likelihood that AC Valencia
would provide timely and sufficient extraordinary support to IVF
if needed. S&P bases its view on its assessment of IVF's:
-- Critical role for AC Valencia. IVF manages the debt of AC
Valencia and its public-sector entities. IVF also
implements public lending policies on behalf of AC
Valencia. S&P thinks these functions could not be easily
undertaken by a private entity, so if IVF did not exist,
the region would have to carry out these roles.
-- Integral link with AC Valencia. IVF is a public entity,
created by law, that is fully owned and tightly controlled
by AC Valencia. S&P understands that IVF cannot be
privatized without a change in its bylaws, and, if
dissolved, AC Valencia would ultimately be liable for its
obligations. Moreover, AC Valencia provides a statutory
guarantee on IVF's debt, which supports S&P's assessment of
IVF's integral link with AC Valencia. S&P also thinks
that, due to the guarantee, the markets would perceive a
default by IVF as tantamount to a default by the region.
However, S&P do not base its ratings on IVF on the language
of the statutory guarantee. S&P sees AC Valencia as being
strongly involved in IVF's management. The region appoints
the majority of representatives on IVF's supervisory board
as well as IVF's general director. IVF's president is also
the regional government's minister of finance. IVF
receives ongoing financial support from the regional
government through yearly operating and capital transfers,
as well as capital injections, to offset losses and cover
maturing debt.
IVF is included in AC Valencia's public-sector consolidation
scope under the European System of Accounts Standards.
Consequently, IVF's debt is also indirectly covered by the
liquidity support that Spain's central government provides to AC
Valencia through the regional liquidity facility, Fondo de
Financiacion a Comunidades Autonomas.
IVF's loan portfolio has shrunk to EUR0.8 billion at year-end
2015 from EUR1.3 billion at year-end 2012, since AC Valencia's
previous government withdrew IVF's mandate as a lending
institution. The new regional government has reassigned IVF the
mandate of lending to the private sector, in line with AC
Valencia's public policy, and where private-sector lending is not
available. S&P observes that the size of the loan portfolio
remains practically invariable as of June 30, 2016.
S&P understands that IVF's strategy consists of clearly
separating its activities in two groups: a) the management of the
region's debt and guarantees, and the supervision of the regional
financing system; and b) the provision of credit to private
entities. Ultimately, AC Valencia expects to segregate the
private-lending activity and set up a promotional bank following
the EU guidelines on this type of entity. S&P understands that
the spin-off is subject to improvement in IVF's financial
position. Nevertheless, S&P thinks that, even under such a
scenario, AC Valencia would extend its statutory guarantee to the
promotional bank and will continue providing strong support to
IVF through subsidies and capital injections, if needed.
The stable outlook on IVF mirrors that on AC Valencia. If S&P
downgraded AC Valencia, S&P would downgrade IVF.
S&P could upgrade IVF if it upgraded AC Valencia and S&P
continued to expect an almost certain likelihood of support from
AC Valencia to IVF, based on S&P's view of IVF's integral link
with and critical role for the region.
===========
T U R K E Y
===========
TURKIYE VAKIFLAR: Fitch Affirms 'BB+' Rating on Subordinated Debt
-----------------------------------------------------------------
Fitch Ratings has affirmed T.C. Ziraat Bankasi A.S.'s, Turkiye
Halk Bankasi A.S.'s and Turkiye Vakiflar Bankasi T.A.O.'s
(Vakifbank) Long-Term Issuer Default Ratings (IDRs) at 'BBB-'
with Negative Outlooks.
The banks are either fully or majority state-owned and represent
a combined share of roughly 30% of Turkey's banking sector
assets, loans and deposits.
KEY RATING DRIVERS
VRs, IDRS, SENIOR DEBT
The IDRs and senior debt ratings of Ziraat, Halk and Vakifbank
are underpinned both by their 'bbb-' Viability Ratings (VRs) and
by their 'BBB-' Support Rating Floors (SRFs). The Negative
Outlooks reflect the potential for both their VRs and SRFs to be
downgraded and revised downward respectively in case of a
sovereign downgrade. They also reflect the downside risk to the
banks' credit profiles resulting from a significant weakening of
the operating environment.
The affirmation of the VRs reflects the banks' strong franchises
and generally sound financial metrics, notwithstanding recent
rapid growth and a challenging Turkish operating environment.
However, the VRs could be downgraded in light of downside risks
to asset quality, profitability and capitalization, as a result
of slowing GDP growth and potential further currency and interest
rate volatility. In addition, significant foreign currency
wholesale funding -- much of which remains short-term --
heightens refinancing risk, leaving the banks exposed to
potential changes in investor sentiment.
Ziraat is the largest domestic bank, with market shares of 13%-
14% in sector assets and deposits at end-1H16, and a policy role
as the sole provider of subsidized agricultural loans in Turkey
(end-1H16: around 15% of gross loans). Halk and Vakif are the
sixth- and seventh- largest banks in Turkey in assets and
deposits (end-1H16: market shares of 8%-10%). Halk also benefits
from its policy role as the sole provider of subsidized loans to
small businesses through cooperatives (end-1H16: 14% of gross
loans).
All three banks benefit from significant and stable state-related
funding which, excluding budgetary funds, at end-1H16 equaled to
12%, 13% and 21% of total funding at Ziraat, Halk and Vakifbank,
respectively.
Asset quality at the three banks is reasonable and is underpinned
by low non-performing loan (NPL) ratios in subsidized
agricultural and SME lending (at Ziraat and Halk); loans to
payroll customers and pensioners, which account for a large
proportion of the three banks' unsecured consumer loan
portfolios; and mortgage lending.
Concentration risks are manageable with the largest exposures,
which are frequently in foreign currency, typically to prime
corporates with diverse businesses and access to foreign currency
revenues. Specific reserves coverage of NPLs (defined as loans
overdue by 90+ days) is strong at Ziraat and adequate at Halk and
Vakif. Consequently, net NPLs relative to Fitch Core Capital are
low at all three banks.
At end-1H16, NPLs stood at 1.6% at Ziraat, 3.1% at Halk and 4.1%
at Vakifbank. Including regulatory group 2 watch list loans,
which at end-1H16 accounted for 2.1%, 2.8% and 4.8% of gross
loans at Ziraat, Halk and Vakifbank, respectively, asset quality
was still generally reasonable. However, the share of
higher-risk restructured group 2 loans rose at each of the banks,
suggesting moderate deterioration in asset quality. NPL ratios
at state-owned banks are not fully comparable with the sector NPL
ratio since they do not typically write off or sell problem
loans.
Downside risks to asset quality exist for the three banks, as for
the whole sector. Exposure to SMEs -- a segment that is highly
sensitive to the slower growth environment -- accounted for 37%,
40% and 27% of gross loans at Ziraat, Halk and Vakifbank,
respectively, at end-1H16.
The banks' exposure to troubled sectors such as tourism and
energy is moderate. Many energy loans are long-term, foreign
currency project finance loans, although the currency risk in
this portfolio is partly hedged due to energy prices being US-
dollar linked. Some projects also relate to renewable projects
that benefit from a government guaranteed floor price set in US
dollars.
Total FX lending (on a consolidated basis, including FX-indexed
loans) ranged from 26% to 31% of the banks' gross loans at end-
1H16, below the sector average. This is nevertheless high,
particularly given the potential for further depreciation of the
Turkish lira. However, the typically long-term, amortizing and
quarterly or semi-annual repayment structures of foreign currency
loans mean that asset quality problems would feed through only
gradually.
Fitch believes that the banks' capital bases, which consist
mainly of common equity tier 1, remain sufficient to absorb a
further moderate increases in credit losses or withstand moderate
shocks. At end-1H16 the banks' Fitch Core Capital ratios stood at
12.8% (Ziraat), 12.1% (Halk) and 11.4% (Vakifbank). The release
of general provisions relating to consumer loans, due to a change
in regulation, could provide moderate uplift to Ziraat's and
Vakifbank's capital ratios in Q416 (Halk released these
provisions in 2015).
Capitalization is underpinned by internal capital generation,
which has been consistently sound at Ziraat (1H16: 16.2%) and
more moderate, but still reasonable, at Halk (14.3%) and
Vakifbank (12.1%). In all cases internal capital generation is
broadly in line with the banks' loan growth targets. However,
volatility in performance ratios is possible given heightened
operating environment pressures.
Ziraat's profitability has been somewhat better than peers in
recent periods, due to the bank's pricing power, economies of
scale, stronger cost efficiency and superior asset quality
record. In 1H16 it reported a return on equity (ROE) of 20.1%
compared with 14.9% and 12.6% at Halk and Vakif, respectively,
and a sector average of 14.6%.
Capital ratios at all three banks have been eroded in recent
years by fairly rapid loan growth and the depreciation of the
Turkish lira. They remain sensitive to further potential local
currency depreciation or sovereign downgrades, which would result
in higher risk weightings on foreign currency reserves and
government debt.
The phase-in of Basel III tier 1 buffers by 2019 -- including the
systemically important financial institution (SIFI) buffer (an
additional 2% for Ziraat and 1% for Halk and Vakifbank) and the
2.5% capital conservation buffer -- will reduce the banks'
capital flexibility over the medium term (due to a rise in
minimum capital ratio thresholds).
All three banks are primarily customer deposit-funded (ranging
from 65% to 70% of total funding) and foreign currency wholesale
funding is below the sector average, but still significant. At
end-1H16 foreign currency wholesale funding represented a
moderate 16% of total funding at Ziraat and a higher 20% at Halk
and Vakifbank, respectively.
The banks have been seeking to lengthen their maturity funding
profiles through longer-term debt issuance but a significant
share of foreign currency non-customer liabilities are
nevertheless due within one year. Mitigating the refinancing
risk is the banks' record of market access to date and broad
investor bases.
Fitch views foreign currency liquidity buffers (defined as cash,
placements in foreign banks, unpledged government foreign
currency securities, placements in the central bank's reserve
option mechanism (ROM) and net receivables under foreign currency
swaps) as generally adequate at all three banks. Fitch's
calculates that these buffers at end-1Q16 broadly covered the
banks' short-term foreign currency non-deposit liabilities due
within a year. Nevertheless, foreign currency liquidity could
come under pressure in the event of prolonged marked closure.
SUPPORT RATINGS and SUPPORT RATING FLOORS
The banks' '2' Support Ratings and 'BBB-' Support Rating Floors
reflect Fitch's view of a high probability of support from the
Turkish authorities in case of need. The SRFs are aligned with
the sovereign's Long-Term Foreign Currency IDR and reflect the
banks' (i) ownership structures (ii) policy roles (Ziraat, Halk)
(iii) systemic importance, and (iv) significant state-related
deposits.
Nevertheless, Fitch believes that the state's ability to provide
extraordinary foreign currency support, if required, may be
somewhat constrained given limited central bank reserves (net of
placements from banks) and the banking sector's sizable external
debt. However, in light of the adequate liquidity buffers of
Ziraat, Halk and Vakifbank, foreign currency liquidity needs
should be manageable for the sovereign even in quite extreme
scenarios.
A sovereign downgrade would likely result in a downward revision
of the SRFs of Ziraat, Halk and Vakifbank due to the diminished
ability of the sovereign to provide support.
VAKIFBANK SUBORDINATED DEBT
Vakifbank's 'BB+' subordinated debt rating is notched down once
from the bank's 'bbb-' VR to reflect below-average recovery
prospects in case of default.
NATIONAL RATINGS
The affirmation of the banks' National Ratings with Stable
Outlooks reflects Fitch's view that their creditworthiness
relative to one another and to other Turkish issuers remains
unchanged.
RATING SENSITIVITIES
IDRS, NATIONAL RATINGS AND SENIOR DEBT
The Negative Outlooks on the IDRs reflect the potential both for
their VRs to be downgraded in case of a significant weakening of
the operating environment and for their SRFs to be revised
downwards if the sovereign is downgraded. A stabilization of the
sovereign credit profile and the country's economic prospects
would reduce downward pressure on the ratings.
VR downgrades could result from (i) bank-specific deterioration
of asset quality; (ii) further erosion of capital ratios due to
continued lira depreciation; or (iii) a weakening of foreign
currency liquidity positions. However, a downgrade of the VR
would only result in negative action on banks' IDRs if at the
same time Fitch believes the ability or propensity of the Turkish
authorities to provide support - as reflected in their SRFs - has
weakened.
Changes in SRs and SRFs would likely be linked to changes in the
sovereign's ratings. These ratings could also be downgraded and
revised downward respectively if either (i) the banks' foreign
currency positions deteriorate to an extent that might limit the
sovereign's ability to provide them with sufficient extraordinary
support in foreign currency; (ii) Fitch believes the ability of
the sovereign to provide support in case of need has markedly
reduced; or (iii) Fitch believes the sovereign's propensity to
support the banks has reduced.
A change of ownership at the banks, or the introduction of bank
resolution legislation in Turkey aimed at limiting sovereign
support for failed banks, could also negatively impact Fitch's
view of support propensity, and hence the banks' SRs and SRFs,
although such developments are not expected in the near term.
Vakifbank's subordinated debt rating is sensitive to a change in
the bank's VR. The notes' rating is also sensitive to a change
in notching due to a change in Fitch's assessment of the
probability of the notes' non-performance risk relative to the
risk captured in Vakifbank's VR, or in its assessment of loss
severity in case of non-performance.
The rating actions are:
T.C. Ziraat Bankasi A.S., Turkiye Halk Bankasi A.S. and Turkiye
Vakiflar Bankasi T.A.O.
Long-Term Foreign and Local Currency IDRs affirmed at 'BBB-';
Outlook Negative
Short-Term Foreign and Local Currency IDRs affirmed at 'F3'
Viability Ratings affirmed at 'bbb-'
Support Ratings affirmed at '2'
Support Rating Floors affirmed at 'BBB-'
Long-term senior unsecured ratings affirmed at 'BBB-'
Short-term senior unsecured ratings (Ziraat and Vakifbank)
affirmed at 'F3'
Subordinated debt rating (Vakifbank): affirmed at 'BB+'
National Long-Term Ratings affirmed at 'AAA(tur)'; Outlook
Stable
===========================
U N I T E D K I N G D O M
===========================
BHS GROUP: MPs to Vote on Stripping Sir Philip Green's Knighthood
-----------------------------------------------------------------
Adam Parsons at BBC News reports that MPs are set to vote on
whether Sir Philip Green should be stripped of his knighthood.
According to BBC, the collapse of retailer BHS will be discussed
in a week's time, following a highly critical report by the
Business and Pension Committees.
An amendment has now been added to that debate, calling for Sir
Philip's honor to be cancelled, BBC relates.
It is believed to be the first time that MPs have ever debated a
motion on whether to annul an honor, BBC states.
The motion has been put forward by Conservative MP Richard Fuller
and independent MP Michelle Thomson, and comes less than two
months after the final BHS store closed its doors, BBC discloses.
The vote will be on Oct. 20, BBC says.
Sir Philip has come under relentless scrutiny since selling BHS
for GBP1 to a little-known entrepreneur, Dominic Chappell, in
March 2015, BBC relays.
Mr. Chappell had barely any experience of working in retail, and
had been declared bankrupt at least twice, BBC notes. What
followed was a year of decline and collapse, with the chain going
into administration a year after its sale, before closing its
doors for good a few months later, BBC recounts.
BHS Group was a high street retailer offering fashion for the
whole family, furniture and home accessories.
ENQUEST PLC: To Undergo Complex Financial Restructurings
--------------------------------------------------------
Jillian Ambrose at The Telegraph reports that troubled oil
explorer Enquest is preparing to undertake one of the North Sea's
largest and most complex financial restructurings in a bid to
survive a GBP2 billion debt crunch expected by the middle of next
year.
According to The Telegraph, the UKs' largest independent oil and
gas producer plans to raise GBP82 million through an equity share
placing to give it financial room for maneuver before its
cornerstone project in the Kraken oilfield begins generating
revenues.
At the same time Enquest's lending group are preparing to
restructure its revolving credit facility of up to US$1.7
billion, its GBP155 million retail notes and exchange its US$650
million high yield notes for new loans, The Telegraph discloses.
The radical overhaul comes after years of struggle for Enquest
which was hurt by the oil price rout over the past two years,
running up debt of US$1.7 billion as it continued spending
through the downturn to develop the North Sea's largest heavy
oilfield project, The Telegraph notes.
By the middle of next year Enquest faces a net debt position of
US$1.9 billion compared to financing facilities of $2.1 billion,
meaning any cost overrun at Kraken could leave the explorer
dangerously close to insolvency, The Telegraph states.
EURO GARAGES: S&P Affirms Parent's 'B' CCR, Outlook Stable
----------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term corporate credit
rating on Intervias Group Ltd., the parent of the U.K.-based
petrol filling station (PFS) operator Euro Garages. The outlook
is stable.
At the same time, S&P lowered its issue rating on the group's
GBP650 million equivalent senior secured credit facilities to 'B'
from 'B+'. S&P revised its recovery rating on these facilities
to '3' from '2', indicating its expectation of meaningful
recovery prospects in the higher half of the 50%-70% recovery
range, in the event of payment default.
S&P also assigned its 'B' issue rating to the proposed
GBP750 million senior secured credit facilities. The recovery
rating of '3' on these facilities indicates S&P's expectation of
meaningful recovery prospects in the higher half of the 50%-70%
recovery range, in the event of payment default.
The affirmation follows Euro Garages' announcement that it plans
to merge with European Forecourt Retail Group (EFR; B/Stable/--).
The transaction is still pending regulatory approval and the
company expects this to be completed in November 2016. S&P
expects the combined group's capital structure will remain highly
leveraged post transaction, with a ratio of S&P Global Ratings'
adjusted debt to EBITDA of around 8.5x over the next two years,
including approximately GBP530 million-GBP580 million of
preference shares that S&P treats as debt under its methodology,
and in the range of 6.0x to 6.5x, excluding preference shares.
S&P notes that there is almost no headroom under the credit
metrics at the current rating level.
This is because the transaction will add about GBP340 million of
incremental senior secured debt to the combined group's balance
sheet. At the same time, S&P recognizes the cash-preservative
nature of the preference shares, and it forecasts that the group
will maintain sound interest coverage and continue to report
healthy free operating cash flow (FOCF).
The rating on Intervias also incorporates S&P's view of the
future joint ownership and control of the group by a financial
sponsor, TDR Capital, and the founders and co-CEOs of Euro
Garages Mohsin and Zuber Issa. S&P anticipates that the absence
of amortizing debt in the capital structure and the strategy of
the shareholders to take advantage of market consolidation
opportunities might constrain the deleveraging potential of
Intervias over the medium term.
Post transaction, the group's capital structure would comprise
GBP370 million of term loan B1, GBP280 million equivalent of term
loan B2 (in euros), GBP250 million of new term loan C1, and
GBP500 million equivalent of new term loan C2 (in euros). In
addition, the size of the revolving credit facilities (RCF) will
be increased to GBP135 million, and the capital expenditure
(capex) and acquisition facilities to GBP102 million, in order to
support the enlarged group. We expect the RCF will largely remain
undrawn. S&P's adjusted debt calculation also includes
approximately GBP530 million-GBP580 million of preference shares
provided by TDR Capital and about GBP325 million of operating
lease adjustment coming primarily from EFR.
The merger will increase the scale and improve purchasing power
of the two combined businesses and create the largest independent
petrol filling station (PFS) operator in Europe, with close to
1,500 sites across the U.K., France, the Netherlands, and
Belgium, and about GBP230 million expected pro forma EBITDA in
2016. However, the group will continue to operate in fragmented
and competitive markets. Large supermarkets and major integrated
oil companies represent Intervias' largest competitors and, as an
example, account for about 60% of the fuel sold in the U.K. by
volume. This continues to constrain S&P's assessment of the
group's business risk profile, which remains unchanged at weak.
"In addition, we note that Euro Garages and EFR are present in
different geographies and will continue to operate under their
own brands with their current management teams, leading to our
view of limited potential for synergies. That said, we
understand that the management teams will target joint growth
plans, seek cost benefits, and share best practices. In
particular, there are plans to accelerate the roll-out of
convenience stores and food-to-go offerings, with a target to
reach 70% of the group's gross margins generated by its nonfuel
segment. The group aims to use this approach to attract footfall
traffic and spending, and help moderate earnings and cash flow
volatility in the event of unexpected shortfalls in fuel volumes
sold. Other initiatives include the transition of EFR network to
self-owned, self-operating model that allows for greater control
over quality, consistency of offerings, and cost base, although
this is associated with more operational risk; and the site
portfolio optimization including new highway sites where demand
is less price sensitive," S&P said.
The stable outlook on Intervias reflects S&P' expectation that
the group's adjusted debt to EBITDA will remain close to 8.5x
over the next 12 months, including preference shares (and in the
6.0x-6.5x range excluding preference shares). At the same time,
S&P anticipates a sound ratio of adjusted FFO to cash interest
above 3.0x, unadjusted EBITDAR coverage of above 2.0x and healthy
reported FOCF in excess of GBP30 million, on the back of earnings
growth through sound execution of the merger transaction and
moderate profit growth.
S&P could lower the rating if Intervias' adjusted debt to EBITDA
approaches 10.0x including preference shares (or 8.0x excluding
preference shares) as a result of further debt-financed
acquisition or higher capex. This scenario could occur if the
group's growth and investment plan did not translate into higher
earnings.
Moreover, considering the very low headroom under the credit
metrics for the current rating, rating pressure could also occur
as a result of unexpected execution issues relating to the merger
or a prolonged period of weak trading conditions or earnings
volatility, weakening our FFO cash interest coverage toward 2.0x
and unadjusted EBITDAR coverage to below 1.5x.
Due to the very high debt levels, S&P views the potential for
raising the rating as limited. Nevertheless, S&P could consider
raising the rating if Intervias successfully executes the merger
and its margin-enhancing initiatives bringing S&P's adjusted debt
to EBITDA to below 5.0x on a sustainable basis, including
preference shares. S&P would also expect this to be accompanied
by a low risk of releveraging in light of its acquisitive
expansion strategy in the PFS market.
FINSBURY SQUARE 2016-2: Moody's Rates Class X Notes Caa1
--------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to the
Notes issued by Finsbury Square 2016-2:
-- GBP296.700M Class A notes due 2058, Definitive Rating
Assigned Aaa (sf)
-- GBP14.660M Class B notes due 2058, Definitive Rating
Assigned Aa1 (sf)
-- GBP15.520M Class C notes due 2058, Definitive Rating
Assigned Aa3 (sf)
-- GBP7.760M Class D notes due 2058, Definitive Rating
Assigned A1 (sf)
-- GBP10.360M Class E notes due 2058, Definitive Rating
Assigned Ba2 (sf)
-- GBP10.350M Class X notes due 2058, Definitive Rating
Assigned Caa1 (sf)
Moody's has not assigned ratings to the GBP6.900M Class Z notes.
The portfolio backing this transaction consists of UK prime
residential loans originated by Kensington Mortgage Company
Limited ("KMC", not rated). The loans were sold by KMC to Koala
Warehouse Limited (the "Seller", not rated) at the time of each
loan origination date. On the closing date the Seller has sold
the portfolio to Finsbury Square 2016-2.
RATINGS RATIONALE
The ratings of the notes take into account, among other factors:
(1) the performance of the previous transactions launched by KMC;
(2) the credit quality of the underlying mortgage loan pool, (3)
legal considerations and (4) the initial credit enhancement
provided to the senior notes by the junior notes and the reserve
fund.
Expected Loss and MILAN CE Analysis
Moody's determined the MILAN credit enhancement (MILAN CE) and
the portfolio's expected loss (EL) based on the pool's credit
quality. The MILAN CE reflects the loss Moody's expects the
portfolio to suffer in the event of a severe recession scenario.
The expected portfolio loss of 2.0% and the MILAN CE of 11.0%
serve as input parameters for Moody's cash flow model and
tranching model, which is based on a probabilistic lognormal
distribution.
Portfolio expected loss of 2.0%: this is higher than the UK Prime
RMBS sector average and was evaluated by assessing the
originator's limited historical performance data and benchmarking
with other UK prime RMBS transactions. It also takes into account
Moody's stable UK Prime RMBS outlook and the UK economic
environment.
MILAN CE of 11.0%: this is higher than the UK Prime RMBS sector
average and follows Moody's assessment of the loan-by-loan
information taking into account the historical performance
available and the following key drivers: (i) although Moody's
have classified the loans as prime, it believes that borrowers in
the portfolio often have characteristics which could lead to them
being declined from a high street lender; (ii) the weighted
average current LTV of 70.9%, (iii) the very low seasoning of
0.44 years, (iv) the proportion of interest-only loans (17.70%);
(v) the proportion of buy-to-let loans (14.9%); and (vi) the
absence of any right-to-buy, shared equity, fast track or self-
certified loans.
Transaction structure
At closing the mortgage pool balance consists of GBP 344,153,712
million of loans. The General Reserve Fund is equal to 2.0% of
the principal amount outstanding of Class A, B, C, D and E notes.
This amount is only available to pay senior expenses, Class A,
Class B, Class C and Class D notes interest and to cover losses.
The Reserve Fund is not amortizing as long as the Class D notes
are outstanding. After Class D has been fully amortized, the
Reserve Fund will be equal to 0%. The Reserve fund will be
released to the revenue waterfall on the final legal maturity or
after the full repayment of Class D notes. If the Reserve fund is
less than 1.5% of the principal outstanding of class A to E, a
liquidity reserve fund will be funded with principal proceeds up
to an amount equal to 2% of the Classes A and B.
Operational risk analysis
KMC is acting as servicer. KMC sub-delegates certain primary
servicing obligations to Home Loan Management Limited (HML, not
rated) and Acenden Limited (Acenden, not rated). All loans
originated from 17th March 2016 are serviced by Acenden. The
loans originated prior to 17th March 2016 are serviced by HML
with possibility to transfer servicing of this sub-pool to
Acenden. In order to mitigate the operational risk, there is a
back-up servicer facilitator (Structured Finance Management
Limited, not rated, also acting as corporate services provider),
and Wells Fargo Bank, N.A. (Aa2/P-1/Aa1(cr)) is acting as a back-
up cash manager from close.
All of the payments under the loans in the securitized pool are
paid into the collection account in the name of KMC at Barclays
Bank plc ("Barclays", A2/P-1 and A1(cr)/P-1(cr)). There is a
daily sweep of the funds held in the collection account into the
issuer account. In the event Barclays rating falls below Baa3 the
collection account will be transferred to an entity rated at
least Baa3. There is a declaration of trust over the collection
account held with Barclays in favour of the Issuer. The issuer
account is held in the name of the SPV at Citibank N.A. London
Branch (A1/(P)P-1 and A1(cr)/P-1(cr)) with a transfer requirement
if the rating of the account bank falls below A3. Moody's has
taken into account the commingling risk associated with the
collection account within its cash flow modelling.
To ensure payment continuity over the transaction's lifetime the
transaction documents including the swap agreement incorporate
estimation language whereby the cash manager can use the three
most recent servicer reports to determine the cash allocation in
case no servicer report is available. The transaction also
benefits from principal to pay interest for Class A to D notes,
subject to certain conditions being met.
Interest rate risk analysis
At closing 100% of the loans in the pool are fixed-rate mortgage,
which will revert to three-month sterling Libor plus margin
between January 2018 and May 2021. The note coupons are linked to
three-month sterling Libor, which leads to a fixed-floating rate
mismatch in the transaction. To mitigate the fixed-floating rate
mismatch the structure benefits from a fixed-floating swap. The
swap will mature the earlier of the date on which floating rating
notes have redeemed in full or the date on which the swap
notional is reduced to zero. BNP Paribas (A1/P-1/Aa3(cr)/P-1(cr))
is acting as the swap counterparty for the fixed-floating swap in
the transaction.
After the fixed rate loans revert to floating rate, there is a
basis risk mismatch in the transaction, which results from the
mismatch between the reset dates of the three-month Libor of the
loans in the pool and the three-month Libor used to calculate the
interest payments on the notes. Moody's has taken into
consideration the absence of basis swap in its cash flow
modelling.
Stress Scenarios
Moody's Parameter Sensitivities: At the time the ratings were
assigned, the model output indicates that the Class A Notes would
still achieve Aaa(sf), even if the portfolio expected loss was
increased from 2.0% to 6.0% and the MILAN CE was increased from
11.0% to 17.6%, assuming that all other factors remained the
same. The Class B Notes would have achieved Aa1(sf), even if
MILAN CE was increased to 15.4% from 11.0% and the portfolio
expected loss was increased to 6.0% from 2.0% and all other
factors remained the same. The Class C Notes would have achieved
Aa3(sf), even if MILAN CE was increased to 13.2% from 11.0% and
the portfolio expected loss was increased to 4.0% from 2.0% and
all other factors remained the same. The Class D Notes would have
achieved A1(sf), even if the expected loss was increased to 3.0%
from 2.0% and MILAN CE was increased to 13.2% from 11.0% and all
other factors remained the same. The Class E Notes would have
achieved Ba2(sf), even if the expected loss was increased to 4.0%
from 2.0% and MILAN CE was increased to 13.2% from 11.0% and all
other factors remained the same. The Class X Notes would have
achieved Caa1(sf), even if the expected loss was increased to
3.0% from 2% and MILAN CE was increased to 17.6% from 11.0% and
all other factors remained the same.
Moody's Parameter Sensitivities quantify the potential rating
impact on a structured finance security from changing certain
input parameters used in the initial rating. The analysis assumes
that the deal has not aged and is not intended to measure how the
rating of the security might change over time, but instead what
the initial rating of the security might have been under
different key rating inputs.
Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's 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 and is not intended
to measure how the rating of the security might migrate over
time, but rather how the initial rating of the security might
have differed if key rating input parameters were varied.
Parameter Sensitivities for the typical EMEA RMBS transaction are
calculated by stressing key variable inputs in Moody's primary
rating model.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
September 2016.
The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage. Please see Moody's Approach to Rating RMBS Using the MILAN
Framework for further information on Moody's analysis at the
initial rating assignment and the on-going surveillance in RMBS.
Factors that would lead to an upgrade or downgrade of the
ratings:
Significantly different loss assumptions compared with our
expectations at close due to either a change in economic
conditions from our central scenario forecast or idiosyncratic
performance factors would lead to rating actions. For instance,
should economic conditions be worse than forecast, the higher
defaults and loss severities resulting from a greater
unemployment, worsening household affordability and a weaker
housing market could result in downgrade of the ratings.
Deleveraging of the capital structure or conversely a
deterioration in the notes available credit enhancement could
result in an upgrade or a downgrade of the rating, respectively.
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, Class B, Class
C and Class D Notes by the legal final maturity. In Moody's
opinion, the structure allows for ultimate payment of interest
and principal with respect to the Class E and Class X Notes by
the legal final maturity. Moody's ratings only address the credit
risk associated with the transaction. Other non-credit risks have
not been addressed, but may have a significant effect on yield to
investors.
GULF KEYSTONE: Capital Restructuring Hits Investors
---------------------------------------------------
Andrew Ward at The Financial Times reports that for investors in
Gulf Keystone finally felt last week the losses from all the
setbacks suffered by the Kurdistan-focused oil producer.
According to the FT, a capital restructuring completed on Oct. 13
kept the company afloat, but at the cost of heavy dilution to
shareholders through the conversion of US$500 million of debt
into equity.
Jon Ferrier, chief executive, said the deal with creditors marked
a fresh start for a company that has struggled to deliver on the
promise of its large reserves in Kurdish northern Iraq as the
region has suffered continued political violence, the FT relates.
A US$300m takeover offer for Gulf Keystone from DNO, the
Norwegian oil explorer, made earlier this year but conditional on
a successful capital restructuring, may now come back into focus,
the FT says.
However, Mr. Ferrier, as cited by the FT, said there were no
active discussions under way.
"We no longer need a deal," the FT quotes Mr. Ferrier as saying.
"We're focused on delivery."
Gulf Keystone Petroleum Limited is an oil and gas exploration and
production company operating in the Kurdistan region of Iraq. It
is listed on the main market of the London Stock Exchange.
* UK: "Hard Brexit" May Lead to Upswing in Insolvencies
-------------------------------------------------------
Press Association reports that Britain will face an upswing in
insolvencies if the Government embarks on a "hard Brexit" by
breaking free of the European single market, a report has shown.
According to Press Association, despite business failures falling
for 16 quarters on the bounce, a decision to ditch the single
market would trigger a rise in insolvencies, as Brexit
uncertainty increases late payments, causing more companies to go
bust.
The study by trade credit insurer Euler Hermes said a "hard
Brexit" would see insolvency numbers remain at 20,000 this year,
before jumping 8% to 21,800 next year and rising 6% to 23,100 in
2018, Press Association relates. The number of bankruptcies
would then climb a further 15% to 26,570 in 2019, Press
Association says.
It said insolvency levels would be markedly lower -- rising 9% to
25,170 in 2019 -- if Britain remained in the single market, Press
Association relays.
Ludovic Subran, chief economist at Euler Hermes, as cited by
Press Association, said: "The surprising resilience of the UK
economy today is masking underlying issues, such as the decline
in non-financial sector profitability since 2015, highly
leveraged sectors and companies which are particularly vulnerable
to external shocks, corporate late payment and insolvency issues,
and over-indebtedness amongst consumers.
"Uncertainty in the lead-up to the UK's exit from the EU will
only add to these growing problems."
Political uncertainty surrounding the EU referendum result has
wreaked havoc on the financial and currency markets by ramping up
volatility, Press Association states.
===============
X X X X X X X X
===============
* BOND PRICING: For the Week October 10 to October 14, 2016
-----------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Deutsche Bank AG 6.00 EUR 74.81
Rickmers Holding AG 8.88 6/11/2018 EUR 21.88
Fomento de Construccion 6.50 10/30/2020 EUR 47.97
Scholz Holding Gmbh 8.50 3/8/2017 EUR 8.00
Oi Brasil Holdings Coop 5.75 2/10/2022 USD 24.42
Brighthouse Group PLC 7.88 5/15/2018 GBP 58.38
CSN Resources SA 6.50 7/21/2020 USD 66.61
Ensco PLC 5.20 3/15/2025 USD 69.87
Portugal Telecom Intern 4.63 5/8/2020 EUR 23.51
Banca Monte dei Paschi 5.00 4/21/2020 EUR 63.09
Abengoa SA 8.50 3/31/2016 EUR 4.53
Abengoa Finance SA 8.88 2/5/2018 EUR 4.26
Cooperativa Muratori & 7.50 8/1/2021 EUR 74.19
Casino Guichard Perrach 1.33 EUR 53.37
Veneto Banca SpA 9.50 12/1/2025 EUR 67.86
Ensco PLC 5.75 10/1/2044 USD 59.90
Ajecorp BV 6.50 5/14/2022 USD 54.71
Sacyr SA 4.00 5/8/2019 EUR 74.06
Nordea Bank AB 0.44 EUR 58.84
Banque Federative du Cr 0.56 EUR 55.72
KTG Energie AG 7.25 9/28/2018 EUR 6.00
Portugal Telecom Intern 4.38 3/24/2017 EUR 23.63
Banca Monte dei Paschi 2.36 5/15/2018 EUR 64.50
Banca Popolare di Vicen 9.50 9/29/2025 EUR 67.77
Banca Monte dei Paschi 5.60 9/9/2020 EUR 63.22
Oi Brasil Holdings Coop 5.63 6/22/2021 EUR 24.02
Abengoa Finance SA 6.00 3/31/2021 EUR 4.02
Grupo Isolux Corsan Fin 6.63 4/15/2021 EUR 17.51
Aldesa Financial Servic 7.25 4/1/2021 EUR 68.13
KTG Agrar SE 7.13 6/6/2017 EUR 1.72
Banca Monte dei Paschi 0.70 11/30/2017 EUR 65.08
Bank of New York Mellon 4.20 12/15/2050 EUR 35.87
Portugal Telecom Intern 5.88 4/17/2018 EUR 23.50
Abengoa Finance SA 7.00 4/15/2020 EUR 4.19
Credit Agricole SA 0.68 EUR 61.86
HSBC Bank PLC 1.19 USD 66.56
Offshore Drilling Holdi 8.38 9/20/2020 USD 56.00
AXA SA 0.72 EUR 57.34
Ensco PLC 4.50 10/1/2024 USD 69.89
Intelsat Luxembourg SA 7.75 6/1/2021 USD 31.06
Portugal Telecom Intern 5.00 11/4/2019 EUR 23.51
CGG SA 1.75 1/1/2020 EUR 4.90
PagesJaunes Finance & C 8.88 6/1/2018 EUR 60.08
Fuerstenberg Capital II 5.63 EUR 66.22
EnQuest PLC 7.00 4/15/2022 USD 48.75
Bilt Paper BV 9.64 USD 46.05
Gol LuxCo SA 8.88 1/24/2022 USD 63.50
Far East Capital Ltd SA 8.00 5/2/2018 USD 44.78
QGOG Constellation SA 6.25 11/9/2019 USD 44.41
OAS Investments GmbH 8.25 10/19/2019 USD 5.30
Homann Holzwerkstoffe G 7.00 12/14/2017 EUR 72.38
CGG SA 5.88 5/15/2020 EUR 53.99
Novo Banco SA 5.00 4/23/2019 EUR 70.03
Banco Espirito Santo SA 4.00 1/21/2019 EUR 21.88
Portugal Telecom Intern 6.25 7/26/2016 EUR 22.61
Aegon NV 0.16 EUR 54.78
BPCE SA 1.76 USD 64.50
Brunswick Rail Finance 6.50 11/1/2017 USD 53.52
Santander International 2.00 USD 42.63
Aegon NV 1.43 USD 66.15
Banco Espirito Santo SA 2.63 5/8/2017 EUR 22.00
Abengoa Greenfield SA 5.50 10/1/2019 EUR 4.23
HSBC Bank PLC 1.19 USD 66.85
CGG SA 6.50 6/1/2021 USD 49.80
Portugal Telecom Intern 4.50 6/16/2025 EUR 23.44
Fiat Chrysler Automobil 7.88 12/15/2016 USD 63.69
Bank of New York Mellon 3.96 12/30/2099 EUR 10.50
Rudolf Woehrl AG 6.50 2/12/2018 EUR 16.00
HSH Nordbank AG/Luxembo 2.10 EUR 16.33
Barclays Bank PLC 1.50 USD 69.75
Indo Energy Finance II 6.38 1/24/2023 USD 70.38
BNP Paribas Fortis SA 1.70 EUR 65.59
Air France-KLM 2.03 2/15/2023 EUR 10.28
Intelsat Jackson Holdin 5.50 8/1/2023 USD 69.48
Mriya Agro Holding PLC 9.45 4/19/2018 USD 6.13
IMMOFINANZ AG 4.25 3/8/2018 EUR 4.45
ING Groep NV 0.25 EUR 57.82
Econocom Group SA/NV 1.50 1/15/2019 EUR 13.75
Etablissements Maurel e 1.63 7/1/2019 EUR 16.36
AXA SA 1.77 USD 71.44
ADLER Real Estate AG 2.50 7/19/2021 EUR 14.99
Frigoglass Finance BV 8.25 5/15/2018 EUR 62.52
Banque Federative du Cr 0.65 EUR 54.97
AXA SA 0.73 EUR 64.37
AXA SA 0.47 EUR 62.13
Rothschilds Continuatio 1.19 USD 43.83
DTEK Finance PLC 7.88 4/4/2018 USD 65.20
Barclays Bank PLC 1.25 USD 69.75
Johnston Press Bond Plc 8.63 6/1/2019 GBP 61.00
CNP Assurances 0.36 EUR 51.55
Ageasfinlux SA 1.05 EUR 47.75
Financiere Quick SAS 7.21 10/15/2019 EUR 67.08
Banco Espirito Santo SA 4.75 1/15/2018 EUR 22.50
Nordea Bank Norge ASA 1.13 USD 59.85
KTG Agrar SE 7.25 10/15/2019 EUR 1.77
Intelsat Luxembourg SA 6.75 6/1/2018 USD 67.00
Societe Generale SA 1.06 USD 62.75
Rothschilds Continuatio 0.54 EUR 49.11
Yuksel Insaat AS 9.50 11/10/2015 USD 35.88
Neopost SA 3.38 EUR 47.16
WPE International Coope 10.38 9/30/2020 USD 14.25
Banco Espirito Santo SA 7.13 11/28/2023 EUR 0.28
AXA SA 1.43 USD 71.00
Pacific Drilling SA 5.38 6/1/2020 USD 28.13
HSH Nordbank AG 7.25 USD 26.54
Banca Monte dei Paschi 0.71 1/15/2018 EUR 63.89
CHC Helicopter SA 9.25 10/15/2020 USD 49.50
Intelsat Jackson Holdin 7.50 4/1/2021 USD 74.58
UkrLandFarming PLC 10.88 3/26/2018 USD 30.00
Solstad Offshore ASA 4.57 6/24/2019 NOK 60.88
Algeco Scotsman Global 10.75 10/15/2019 USD 59.96
Assystem 4.50 EUR 29.68
Abengoa Finance SA 8.88 11/1/2017 USD 8.25
DTEK Finance PLC 10.38 3/28/2018 USD 65.15
BNP Paribas SA 0.99 USD 59.77
CEVA Group PLC 9.00 9/1/2021 USD 67.00
BNP Paribas SA 1.15 EUR 52.17
Aegon NV 5.19 NLG 59.81
ING Groep NV 0.65 EUR 61.43
Barclays Bank PLC 1.19 USD 59.75
CGG SA 6.88 1/15/2022 USD 49.94
Intelsat Luxembourg SA 8.13 6/1/2023 USD 31.25
BBVA International Pref 1.40 GBP 61.00
Capital Funding GmbH 2.09 EUR 68.00
Aegon NV 4.26 NLG 71.25
Alno AG 8.50 5/14/2018 EUR 48.50
Fred Olsen Energy ASA 4.06 2/28/2019 NOK 30.13
Takko Luxembourg 2 SCA 9.88 4/15/2019 EUR 57.52
Danske Bank Oyj 0.66 EUR 52.00
Bibby Offshore Services 7.50 6/15/2021 GBP 65.09
Nexity SA 0.13 1/1/2023 EUR 67.97
Aegon NV 1.51 NLG 55.00
DNB Bank ASA 1.38 USD 58.38
Immigon Portfolioabbau 10.00 EUR 3.42
HSBC Bank PLC 1.04 USD 66.61
Sapinda Invest SARL 5.00 6/30/2019 EUR 67.00
Santander Finance Prefe 0.61 EUR 52.00
European Directories Bo 7.00 12/9/2018 EUR 51.75
ATF Capital BV 10.00 USD 63.38
Union Fenosa Preferente 1.37 EUR 73.17
National Westminster Ba 1.50 USD 67.00
Transcapitalbank JSC Vi 10.00 9/18/2020 USD 73.00
VistaJet Malta Finance 7.75 6/1/2020 USD 43.75
Abengoa Finance SA 7.75 2/1/2020 USD 3.97
Scandinavian Airlines S 0.63 CHF 26.13
EnQuest PLC 7.00 4/15/2022 USD 49.25
NIBC Bank NV 0.66 EUR 47.44
Co-Operative Bank PLC/U 8.50 7/1/2025 GBP 73.07
Novo Banco SA 3.50 1/2/2043 EUR 48.41
Credit Mutuel Arkea SA 0.44 EUR 49.48
Jyske Bank A/S 0.49 EUR 52.38
DNB Bank ASA 1.13 USD 58.38
Ichor Coal NV 8.00 6/7/2017 EUR 69.43
OGX Austria GmbH 8.50 6/1/2018 USD 0.03
Pierre & Vacances SA 3.50 10/1/2019 EUR 40.33
OSX 3 Leasing BV 13.00 3/20/2015 USD 22.88
Fuerstenberg Capital Er 1.45 EUR 55.38
Hema Bondco II BV 8.50 12/15/2019 EUR 48.01
Bluewater Holding BV 10.00 12/10/2019 USD 44.00
Virgolino de Oliveira F 10.50 1/28/2018 USD 6.51
Oi Brasil Holdings Coop 5.75 2/10/2022 USD 23.93
Privatbank CJSC Via UK 11.00 2/9/2021 USD 62.50
Etablissements Maurel e 2.75 7/1/2021 EUR 10.58
Greene King Finance PLC 2.46 3/15/2036 GBP 69.70
Banca Monte dei Paschi 3.01 10/31/2018 EUR 63.08
German Pellets GmbH 7.25 11/27/2019 EUR 0.87
CGG SA 1.25 1/1/2019 EUR 21.72
Far East Capital Ltd SA 8.75 5/2/2020 USD 46.00
Banco Espirito Santo SA 2.36 EUR 0.33
Hema Bondco I BV 5.25 6/15/2019 EUR 72.73
Mitchells & Butlers Fin 0.98 12/15/2033 GBP 71.67
Paragon Offshore PLC 6.75 7/15/2022 USD 28.25
DOF Subsea AS 6.02 5/22/2018 NOK 72.00
Caixa Terrassa Societat 0.41 EUR 51.00
Afren PLC 6.63 12/9/2020 USD 0.07
Ekosem-Agrar GmbH 8.50 12/7/2022 EUR 56.63
Caisse Federale du Cred 0.70 EUR 50.37
Hypo Tirol Bank AG 0.17 7/23/2026 EUR 70.38
BIM SAS 2.50 11/13/2020 EUR 26.54
syncreon Group BV / syn 8.63 11/1/2021 USD 75.25
DNB Bank ASA 1.39 USD 58.35
Abengoa SA 6.25 1/17/2019 EUR 4.12
BPCE SA 0.29 EUR 50.40
Banca Carige SpA 8.34 EUR 61.38
Societe Generale SA 0.81 EUR 49.00
Bank of Scotland PLC 1.25 USD 66.52
Matalan Finance PLC 8.88 6/1/2020 GBP 65.28
SOITEC 6.75 9/18/2018 EUR 2.49
Espirito Santo Financia 3.13 12/2/2018 EUR 0.40
Ekosem-Agrar GmbH 8.75 3/23/2021 EUR 59.75
Heta Asset Resolution A 5.92 12/31/2023 EUR 41.75
Jyske Bank A/S 0.53 EUR 50.75
Paragon Offshore PLC 7.25 8/15/2024 USD 28.00
Banco Bilbao Vizcaya Ar 1.00 EUR 69.67
Waste Italia SpA 10.50 11/15/2019 EUR 29.63
German Pellets GmbH 7.25 7/9/2018 EUR 0.99
Norske Skog Holding AS 8.00 2/24/2021 EUR 39.54
Lambay Capital Securiti 6.25 GBP 1.06
Steilmann SE 7.00 9/23/2018 EUR 4.52
E Forland AS 7.84 9/4/2018 NOK 62.63
Mriya Agro Holding PLC 10.95 3/30/2016 USD 5.75
Sequa Petroleum NV 5.00 4/29/2020 USD 65.29
Eurobank Ergasias SA 1.30 6/8/2017 EUR 70.88
NIBC Bank NV 1.84 USD 54.69
Novo Banco SA 5.00 5/14/2019 EUR 70.06
Afren PLC 11.50 2/1/2016 USD 0.06
NTRP Via Interpipe Ltd 10.25 8/2/2017 USD 26.01
Afren PLC 10.25 4/8/2019 USD 0.08
Virgolino de Oliveira F 11.75 2/9/2022 USD 6.25
Cofinoga Funding Two LP 1.52 EUR 67.00
Abengoa Greenfield SA 6.50 10/1/2019 USD 8.25
Cattles Ltd 7.13 7/5/2017 GBP 1.05
CHC Helicopter SA 9.38 6/1/2021 USD 19.50
BOA OCV AS 6.75 10/7/2019 NOK 49.25
Novo Banco SA 3.00 6/21/2022 USD 63.01
Espirito Santo Financia 6.88 10/21/2019 EUR 0.05
Phones4u Finance PLC 9.50 4/1/2018 GBP 55.75
Cooperatieve Rabobank U 0.50 11/26/2021 ZAR 63.56
Banco Santander SA 0.80 EUR 51.43
Immigon Portfolioabbau 5.00 9/7/2020 EUR 4.50
Enterprise Holdings LTD 7.00 3/30/2020 EUR 22.63
Abengoa Finance SA 8.88 11/1/2017 USD 4.75
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 2.57
Novo Banco SA 5.00 4/4/2019 EUR 69.79
LBI HF 6.10 8/25/2011 USD 11.50
Candyking Holding AB 5.00 1/29/2018 SEK 38.00
Touax SA 6.00 7/10/2020 EUR 18.03
Sanha GmbH & Co KG 7.75 6/4/2018 EUR 57.88
Heta Asset Resolution A 0.46 12/31/2023 EUR 41.50
Travel24.com AG 7.50 9/17/2017 EUR 35.00
Norske Skogindustrier A 2.00 12/30/2115 EUR 15.00
Novo Banco SA 5.00 2/24/2022 EUR 67.36
Action SA 3.19 7/4/2017 PLN 66.48
Dexia SA 4.89 EUR 3.11
Pescanova SA 5.13 4/20/2017 EUR 2.17
International Industria 9.00 7/6/2011 EUR 0.45
Bank Nadra via NDR Fina 8.25 7/31/2018 USD 1.37
BLT Finance BV 7.50 5/15/2014 USD 2.26
Solor Bioenergi Holding 6.25 11/2/2017 NOK 52.50
Pescanova SA 8.75 2/17/2019 EUR 2.23
IKB Deutsche Industrieb 5.63 3/31/2017 EUR 25.38
Elli Investments Ltd 12.25 6/15/2020 GBP 29.63
Mitchells & Butlers Fin 2.51 6/15/2036 GBP 72.36
Bremer Landesbank Kredi 8.50 EUR 63.50
Credit Lyonnais SA 1.81 EUR 50.02
Lloyds Bank PLC 1.19 USD 66.38
Dexia Credit Local SA 1.43 EUR 2.47
Enterprise Holdings LTD 7.00 9/26/2017 EUR 30.63
Hybrid Raising GmbH 6.63 EUR 17.25
National Westminster Ba 1.13 USD 63.75
Lloyds Bank PLC 1.37 11/27/2033 USD 92.45
ESFIL-Espirito Santo Fi 5.25 6/12/2015 EUR 0.37
Laurel GmbH 7.13 11/16/2017 EUR 22.50
Petrol AD 8.38 1/26/2017 EUR 27.50
Tonon Luxembourg SA 10.50 5/14/2024 USD 42.25
Deutsche Bank AG/London 0.59 3/15/2033 USD 61.40
Praktiker AG 5.88 2/10/2016 EUR 0.12
Aralco Finance SA 10.13 5/7/2020 USD 1.76
Oceanteam ASA 11.96 10/24/2017 USD 48.75
Novo Banco SA 5.00 3/15/2022 EUR 67.25
Banco Espirito Santo SA 6.88 7/15/2016 EUR 20.63
Royal Bank of Scotland 1.19 USD 68.50
Banca Monte dei Paschi 7.00 3/4/2019 EUR 65.00
Virgolino de Oliveira F 10.88 1/13/2020 USD 19.38
TGC-2 OJSC 12.00 10/10/2018 RUB 70.06
Havila Shipping ASA 9.58 8/30/2017 NOK 19.00
Strenesse AG 9.00 3/15/2017 EUR 23.00
Hellenic Republic Gover 6.14 4/14/2028 EUR 72.88
Sydbank A/S 0.77 EUR 50.75
OP Corporate Bank plc 0.61 EUR 50.35
Banca delle Marche SpA 0.65 6/1/2017 EUR 1.00
Vneshprombank Ltd via V 9.00 11/14/2016 USD 0.16
Heta Asset Resolution A 4.35 12/31/2023 EUR 41.75
Ausy 3.25 1/1/2021 EUR 60.52
Argon Capital PLC for R 2.89 GBP 75.00
Manchester Building Soc 6.75 GBP 28.38
Tonon Luxembourg SA 7.25 1/24/2020 USD 10.50
Solarworld AG 6.13 1/21/2017 EUR 42.63
Portugal Telecom Intern 5.24 11/6/2017 EUR 23.13
Paragon Offshore PLC 7.25 8/15/2024 USD 28.50
Ajecorp BV 6.50 5/14/2022 USD 54.41
Deutsche Bank AG/London 2.64 6/30/2034 USD 68.52
International Industria 11.00 2/19/2013 USD 0.45
Steilmann SE 6.75 6/27/2017 EUR 4.44
Abengoa Greenfield SA 6.50 10/1/2019 USD 5.25
JZ Capital Partners Ltd 6.00 7/30/2021 GBP 10.50
Alpine Holding GmbH 6.00 5/22/2017 EUR 0.63
Lloyds Bank PLC 0.44 2/22/2033 USD 60.00
Beate Uhse AG 7.75 7/9/2019 EUR 25.13
Island Drilling Co ASA 9.50 4/3/2018 USD 5.00
Viking Supply Ships AS 9.34 3/21/2017 NOK 30.25
OGX Austria GmbH 8.38 4/1/2022 USD 0.01
SNS Bank NV 6.25 10/26/2020 EUR 2.49
Royal Bank of Scotland 0.71 11/16/2030 USD 78.51
LBI HF 6.25 EUR 0.00
Lehman Brothers UK Capi 5.13 EUR 0.25
Alcatel-Lucent SA 0.13 1/30/2020 EUR 4.49
National Westminster Ba 1.38 USD 58.75
Koninklijke Luchtvaart 0.75 CHF 36.50
Abengoa Finance SA 7.75 2/1/2020 USD 6.35
SNS Bank NV 11.25 EUR 0.79
Novo Banco SA 5.00 5/21/2019 EUR 69.77
Cooperatieve Rabobank U 0.50 1/31/2033 MXN 28.30
Corporate Commercial Ba 8.25 8/8/2014 USD 0.70
Lloyds Bank PLC 0.71 1/31/2033 USD 61.62
GNB - Cia de Seguros de 3.20 EUR 55.88
Immigon Portfolioabbau 7.00 7/24/2022 EUR 35.00
Iona Energy Co UK PLC 12.50 9/27/2018 USD 3.86
Sydbank A/S 0.80 EUR 75.00
BOA Offshore AS 7.83 12/18/2018 NOK 35.00
Manchester Building Soc 8.00 GBP 39.50
Lloyds Bank PLC 0.85 2/26/2033 USD 74.00
Sankt-Peterburg Telecom 10.70 1/31/2022 RUB 61.17
Golden Gate AG 6.50 10/11/2014 EUR 49.00
Lloyds Bank PLC 1.33 USD 66.25
Smart Solutions GmbH 8.00 12/3/2018 EUR 21.00
Farstad Shipping ASA 4.46 5/29/2018 NOK 38.63
Deutsche Bank AG/London 0.77 8/28/2034 USD 65.88
Hellenic Republic Gover 5.20 7/17/2034 EUR 63.75
Dexia Kommunalbank Deut 4.88 12/31/2016 EUR 37.50
Northland Resources AB 4.00 10/15/2020 USD 0.01
OT-Optima Telekom DD 5.25 5/30/2022 HRK 65.00
Cirio Holding Luxembour 6.25 2/16/2004 EUR 1.33
Novo Banco SA 5.00 5/23/2019 EUR 69.57
Brunswick Rail Finance 6.50 11/1/2017 USD 53.71
GNB - Cia de Seguros de 1.90 12/19/2022 EUR 60.25
Belfius Bank SA/NV 1.73 FRF 69.63
Windreich GmbH 6.50 7/15/2016 EUR 10.88
Societe Alsacienne et L 1.63 1/1/2022 EUR 61.08
Geotech Seismic Service 10.50 10/17/2018 RUB 69.77
Santander Finance Capit 2.00 EUR 41.38
Espirito Santo Financia 9.75 12/19/2025 EUR 0.66
Windreich GmbH 6.50 3/1/2015 EUR 10.88
Santander Finance Capit 2.00 USD 41.50
Banco Espirito Santo SA 1.25 5/27/2018 EUR 0.37
Vseukrainsky Aktsinerny 10.90 6/14/2019 USD 1.06
Eidesvik Offshore ASA 5.58 5/22/2018 NOK 69.00
Breeze Finance SA 6.71 4/19/2027 EUR 26.50
Farstad Shipping ASA 5.32 2/15/2017 NOK 45.75
Sidetur Finance BV 10.00 4/20/2016 USD 5.25
Talvivaara Mining Co PL 9.75 4/4/2017 EUR 0.67
Olympic Ship AS 7.29 9/21/2017 NOK 32.00
Electromagnetic Geoserv 7.07 6/27/2019 NOK 44.38
Commerzbank Holdings UK 1.38 USD 65.16
German Pellets GmbH 7.25 4/1/2016 EUR 0.93
Ideal Standard Internat 11.75 5/1/2018 EUR 14.63
Barclays Bank PLC 0.69 2/25/2031 USD 73.00
Danske Bank Oyj 1.30 EUR 53.38
Far Eastern Shipping Co 14.00 11/28/2017 RUB 70.10
Barclays Bank PLC 1.28 5/31/2033 USD 65.60
IGas Energy PLC 10.00 12/11/2018 USD 31.50
SeaBird Exploration Fin 6.00 3/3/2018 USD 18.38
Popular Capital SA 0.53 EUR 45.75
Offshore Drilling Holdi 8.38 9/20/2020 USD 55.88
Sazka AS 9.00 7/12/2021 EUR 0.54
Takko Luxembourg 2 SCA 6.71 4/15/2019 EUR 49.52
Pacific Drilling SA 5.38 6/1/2020 USD 29.50
Svensk Exportkredit AB 0.50 6/20/2029 AUD 74.44
Teksid Aluminum Luxembo 11.38 7/15/2011 EUR 1.99
Abengoa SA 4.50 2/3/2017 EUR 7.13
Banca Carige SpA 1.72 12/29/2018 EUR 50.50
Sairgroup Finance BV 4.38 6/8/2006 EUR 18.88
EFG International AG 0.85 EUR 63.00
Autonomous Community of 1.10 9/8/2024 EUR 72.54
Novo Banco SA 3.50 1/23/2043 EUR 48.53
Lloyds Bank PLC 1.00 USD 66.20
UniCredit Bank Austria 0.18 12/27/2031 EUR 65.13
Nexity SA 0.63 1/1/2020 EUR 55.65
Eniro AB 6.00 4/14/2020 SEK 23.86
Cirio Finanziaria SpA 8.00 12/21/2005 EUR 5.63
Finance and Credit Bank 9.25 1/25/2019 USD 0.37
Lehman Brothers UK Capi 5.75 EUR 0.04
Lehman Brothers Treasur 6.00 11/2/2035 EUR 11.88
Kaupthing ehf 7.63 2/28/2015 USD 17.63
DOF ASA 8.08 9/12/2019 NOK 40.13
Hellas Telecommunicatio 8.50 10/15/2013 EUR 0.00
Olympic Ship AS 6.08 6/18/2019 NOK 27.00
Banco Pinto & Sotto May 0.75 EUR 20.00
Novo Banco SA 3.50 2/19/2043 EUR 48.48
IT Holding Finance SA 9.88 11/15/2012 EUR 0.23
Cooperatieve Rabobank U 0.50 7/30/2043 MXN 15.87
Cirio Finance Luxembour 7.50 11/3/2002 EUR 9.60
Capital Raising GmbH 7.50 EUR 17.50
Steilmann SE 7.00 3/9/2017 EUR 4.52
Heta Asset Resolution A 5.73 12/31/2023 EUR 39.75
Region of Abruzzo Italy 0.24 11/7/2036 EUR 60.27
Rena GmbH 7.00 12/15/2015 EUR 8.63
Talvivaara Mining Co PL 4.00 12/16/2015 EUR 0.18
PA Resources AB 3.00 12/27/2017 NOK 0.23
Orient Express Bank PJS 12.00 5/29/2019 USD 55.00
Standard Chartered PLC 1.25 USD 63.33
Brighthouse Group PLC 7.88 5/15/2018 GBP 58.88
Gebr Sanders GmbH & Co 8.75 10/22/2018 EUR 58.75
Santander Finance Capit 2.00 USD 41.50
Cirio Del Monte NV 7.75 3/14/2005 EUR 6.25
Mobylife Holding A/S 7.25 5/23/2018 SEK 67.75
Lehman Brothers Treasur 6.00 2/15/2035 EUR 11.88
PA Resources AB 13.50 3/3/2016 SEK 0.11
World Wide Supply AS 7.75 5/26/2017 USD 10.00
Standard Chartered PLC 1.21 USD 63.17
Abanka Vipa DD Via Afin 1.60 EUR 0.47
Havila Shipping ASA 8.60 3/30/2017 NOK 39.88
Volstad Shipping AS 7.06 4/15/2019 NOK 25.00
Santander Finance Capit 2.00 EUR 41.38
Dannemora Mineral AB 11.75 3/22/2016 USD 0.92
Hellenic Republic Gover 2.09 7/25/2057 EUR 29.75
Alpine Holding GmbH 5.25 6/10/2016 EUR 0.63
CNP Assurances 2.00 EUR 63.99
Rena GmbH 8.25 7/11/2018 EUR 8.63
Barclays Bank PLC 0.84 3/21/2033 USD 65.95
Uppfinnaren 1 AB 10.00 SEK 65.38
BNP Paribas SA 0.66 4/30/2033 USD 58.39
Far East Capital Ltd SA 8.00 5/2/2018 USD 45.00
Bremer Landesbank Kredi 9.50 EUR 71.38
Lehman Brothers Treasur 7.25 10/5/2035 EUR 9.63
QGOG Constellation SA 6.25 11/9/2019 USD 43.93
Credit Suisse AG/Guerns 0.94 USD 58.00
Cooperatieve Rabobank U 0.50 10/30/2043 MXN 15.89
Immigon Portfolioabbau 7.00 3/6/2021 EUR 33.50
Grupo Isolux Corsan Fin 6.63 4/15/2021 EUR 17.50
CRC Breeze Finance SA 6.11 5/8/2026 EUR 52.63
Norske Skogindustrier A 7.13 10/15/2033 USD 23.50
Northland Resources AB 4.00 10/15/2020 NOK 0.01
Banco Espirito Santo SA 6.90 6/28/2024 EUR 20.25
CGG SA 6.88 1/15/2022 USD 49.88
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.25
DEIKON GmbH 1.00 11/16/2016 EUR 28.01
Frey 6.00 11/15/2022 EUR 22.50
Activa Resources AG 8.00 11/15/2017 EUR 12.50
Afren PLC 6.63 12/9/2020 USD 0.06
getgoods.de AG 7.75 10/2/2017 EUR 0.03
Deutsche Bank AG/London 0.46 1/31/2033 USD 64.01
IVG Immobilien AG 5.55 EUR 0.37
UkrLandFarming PLC 10.88 3/26/2018 USD 29.50
AKB Finprombank PAO 14.00 10/2/2018 RUB 9.43
Virgolino de Oliveira F 10.50 1/28/2018 USD 6.38
Norske Skog Holding AS 8.00 2/24/2023 USD 38.50
IKB Deutsche Industrieb 4.70 3/31/2017 EUR 26.85
Standard Chartered PLC 0.75 GBP 60.19
PNE Wind AG 3.75 10/10/2019 EUR 2.94
MegaFon PJSC 9.95 5/9/2019 RUB 61.33
Oi Brasil Holdings Coop 5.63 6/22/2021 EUR 23.52
Singulus Technologies A 7.75 3/23/2017 EUR 39.75
Norske Skogindustrier A 7.13 10/15/2033 USD 23.50
Tonon Luxembourg SA 10.50 5/14/2024 USD 40.13
Societe Generale SA 9.50 5/21/2018 USD 56.80
Algeco Scotsman Global 10.75 10/15/2019 USD 59.72
AgroGeneration 8.00 4/1/2019 EUR 74.11
Sberbank of Russia PJSC 12.27 1/2/2026 RUB 60.03
RENE LEZARD Mode GmbH 7.25 11/25/2017 EUR 28.56
Havila Shipping ASA 4.87 11/8/2016 NOK 39.75
Heta Asset Resolution A 4.88 12/31/2023 EUR 42.75
Barclays Bank PLC 1.70 4/19/2033 USD 65.25
Nationwide Building Soc 0.90 GBP 70.00
Abengoa SA 5.13 3/5/2017 USD 3.62
Waste Italia SpA 10.50 11/15/2019 EUR 29.63
Kaupthing ehf 5.75 10/4/2011 USD 17.63
Cooperatieve Rabobank U 0.50 10/29/2027 MXN 43.49
Novo Banco SA 3.50 3/18/2043 EUR 48.48
Atari SA 7.50 2/17/2020 EUR 0.30
Assystem 4.00 1/1/2017 EUR 24.82
Banco Espirito Santo SA 10.00 12/6/2021 EUR 0.37
Far East Capital Ltd SA 8.75 5/2/2020 USD 45.38
Accentro Real Estate AG 6.25 3/27/2019 EUR 6.70
Gazprom Neft PJSC 9.80 5/3/2046 RUB 61.03
Lehman Brothers Treasur 8.25 3/16/2035 EUR 11.88
Agroton Public Ltd 6.00 7/14/2019 USD 10.00
Mriya Agro Holding PLC 9.45 4/19/2018 USD 6.13
Gol LuxCo SA 8.88 1/24/2022 USD 63.63
Italy Government Intern 0.18 7/31/2045 EUR 73.98
Veneto Banca SpA 6.95 2/25/2025 EUR 55.13
IM Skaugen SE 9.98 4/11/2017 NOK 36.75
Kaupthing ehf 5.75 10/4/2011 USD 17.63
Aldesa Financial Servic 7.25 4/1/2021 EUR 68.25
Norske Skog Holding AS 8.00 2/24/2021 EUR 40.13
Cooperatieve Rabobank U 0.50 11/30/2027 MXN 43.44
Russian Post FGUP 12.00 10/18/2019 RUB 60.26
Heta Asset Resolution A 7.50 12/31/2023 ATS 31.70
Bibby Offshore Services 7.50 6/15/2021 GBP 65.50
Pescanova SA 6.75 3/5/2015 EUR 2.29
ADLER Real Estate AG 6.00 6/30/2017 EUR 13.50
Alfa-Bank AO 9.75 7/24/2031 RUB 60.66
Minicentrales Dos SA 4.81 11/29/2034 EUR 65.75
INVEST-DEVELOPMENT PJSC 15.00 4/2/2026 RUB 60.36
Western Bulk Chartering 7.76 4/19/2019 NOK 71.63
Tonon Luxembourg SA 7.25 1/24/2020 USD 10.50
OAS Investments GmbH 8.25 10/19/2019 USD 4.56
HPI AG 3.50 EUR 8.88
Transneft PJSC 9.45 8/3/2023 RUB 60.88
CEVA Group PLC 9.00 9/1/2021 USD 67.00
Immigon Portfolioabbau 7.00 3/8/2021 EUR 35.00
OGX Austria GmbH 8.50 6/1/2018 USD 0.03
Mox Telecom AG 7.25 11/2/2017 EUR 3.01
Barclays Bank PLC 1.73 11/29/2030 USD 73.84
Finmek International SA 7.00 12/3/2004 EUR 0.13
Paragon Offshore PLC 6.75 7/15/2022 USD 28.75
Depfa Funding II LP 6.50 EUR 56.75
SAir Group 0.13 7/7/2005 CHF 11.13
Bilt Paper BV 9.64 USD 46.88
Banco Espirito Santo SA 2.53 EUR 11.00
Region of Abruzzo Italy 0.08 11/7/2031 EUR 73.81
State of Carinthia 0.73 7/20/2017 CHF 0.20
LBI HF 6.10 8/25/2011 USD 11.50
Del Monte Finance Luxem 6.63 5/24/2006 EUR 5.25
MS Deutschland Beteilig 6.88 12/18/2017 EUR 9.03
CGG SA 5.88 5/15/2020 EUR 53.88
Solon SE 1.38 12/6/2012 EUR 0.33
KPNQwest NV 10.00 3/15/2012 EUR 0.57
CSN Resources SA 6.50 7/21/2020 USD 65.51
Afren PLC 10.25 4/8/2019 USD 0.07
Alpha Bank AE 1.40 2/1/2017 EUR 68.50
Immigon Portfolioabbau 6.00 3/30/2017 EUR 59.00
Municipality Finance PL 0.50 11/25/2020 ZAR 68.92
Norske Skog Holding AS 8.00 2/24/2023 USD 38.75
Heta Asset Resolution A 0.34 12/31/2023 EUR 41.75
Lehman Brothers Treasur 2.88 3/14/2013 CHF 11.88
More & More AG 8.13 6/11/2018 EUR 40.38
Indo Energy Finance II 6.38 1/24/2023 USD 70.95
Heta Asset Resolution A 0.16 12/31/2023 EUR 42.25
Alpine Holding GmbH 5.25 7/1/2015 EUR 0.63
Kaupthing ehf 6.13 10/4/2016 USD 17.63
Takko Luxembourg 2 SCA 9.88 4/15/2019 EUR 58.25
Lloyds Bank PLC 1.69 4/26/2033 USD 60.00
UniCredit Bank Austria 0.22 8/20/2033 EUR 63.75
Golden Energy Offshore 5.00 12/31/2017 NOK 26.00
Gunther Zamek Produktio 7.75 5/15/2017 EUR 1.55
Delta Credit Bank JSC 11.75 11/2/2016 RUB 60.55
Depfa Funding IV LP 5.03 EUR 56.00
Svensk Exportkredit AB 0.50 1/31/2022 ZAR 62.97
VistaJet Malta Finance 7.75 6/1/2020 USD 43.75
Kaupthing ehf 7.13 5/19/2016 USD 0.00
APP International Finan 11.75 10/1/2005 USD 0.56
Governo Portugues Conso 3.00 EUR 74.00
KPNQwest NV 8.88 2/1/2008 EUR 0.57
Abengoa Finance SA 8.88 2/5/2018 EUR 4.26
wige MEDIA AG 6.00 3/17/2019 EUR 2.00
Standard Chartered PLC 1.13 USD 61.50
Synergy PJSC 12.90 4/29/2020 RUB 60.88
Banca Popolare di Vicen 9.50 10/2/2025 EUR 63.88
Kommunekredit 0.50 2/20/2020 BRL 72.31
LBI HF 2.25 2/14/2011 CHF 7.75
UniCredit Bank Austria 0.22 12/31/2031 EUR 67.13
Northland Resources AB 15.00 7/15/2019 USD 0.10
Lehman Brothers Treasur 5.10 5/8/2017 HKD 9.63
Blaker Sparebank 4.77 NOK 53.20
Novo Banco SA 3.00 12/16/2021 EUR 55.50
Hellenic Republic Gover 2.27 2/7/2022 EUR 72.76
Lehman Brothers Treasur 1.75 2/7/2010 EUR 0.85
Hema Bondco II BV 8.50 12/15/2019 EUR 48.25
Sairgroup Finance BV 6.63 10/6/2010 EUR 20.00
Immigon Portfolioabbau 1.31 7/29/2018 EUR 2.00
Banco Pastor SA 2.10 EUR 29.63
Hema Bondco I BV 5.25 6/15/2019 EUR 73.13
KPNQwest NV 7.13 6/1/2009 EUR 0.56
Bulgaria Steel Finance 12.00 5/4/2013 EUR 1.09
Cooperativa Muratori & 7.50 8/1/2021 EUR 74.75
Virgolino de Oliveira F 10.88 1/13/2020 USD 19.38
NNK-Aktiv AO 0.01 7/21/2020 RUB 60.03
Phones4u Finance PLC 9.50 4/1/2018 GBP 55.75
Eximbank of Russia JSC 12.10 11/11/2025 RUB 60.56
Societe Generale SA 1.60 1/9/2020 GBP 1.10
Espirito Santo Financia 5.05 11/15/2025 EUR 0.06
Region of Piemont Italy 0.01 11/27/2036 EUR 61.31
Minaya Capital AG 7.00 8/1/2018 EUR 68.00
Orient Express Bank PJS 13.60 8/9/2018 RUB 59.01
Governo Portugues Conso 2.75 EUR 66.00
Polyus PJSC 12.10 7/3/2025 RUB 66.07
ECM Real Estate Investm 5.00 10/9/2011 EUR 10.38
Alpha Bank AE 1.35 3/8/2017 EUR 68.00
BLT Finance BV 12.00 2/10/2015 USD 10.50
Italy Government Intern 0.19 7/31/2045 EUR 74.45
Lehman Brothers Treasur 7.00 5/17/2035 EUR 11.88
Minicentrales Dos SA 6.45 4/14/2028 EUR 65.75
SiC Processing GmbH 7.13 3/1/2016 EUR 1.26
LBI HF 4.65 EUR 0.00
Artea 6.00 8/4/2019 EUR 14.81
syncreon Group BV / syn 8.63 11/1/2021 USD 75.00
Aralco Finance SA 10.13 5/7/2020 USD 1.76
Abengoa Greenfield SA 5.50 10/1/2019 EUR 4.23
Virgolino de Oliveira F 11.75 2/9/2022 USD 6.25
CHC Helicopter SA 9.25 10/15/2020 USD 49.00
CBo Territoria 6.00 1/1/2020 EUR 4.16
Kommunekredit 0.50 10/22/2019 BRL 74.66
SNS Bank NV 2.45 EUR 0.79
Credit Suisse AG/London 7.25 11/10/2016 CHF 67.79
Notenstein Finance Guer 1.00 9/17/2019 CHF 48.92
Mechel PJSC 8.00 2/9/2021 RUB 60.00
Veneto Banca SpA 10.00 10/22/2022 EUR 67.38
Abengoa SA 6.25 1/17/2019 EUR 4.34
Autonomous Community of 2.97 9/8/2039 JPY 66.29
Lloyds Bank PLC 1.43 7/29/2033 USD 72.85
Financiere Quick SAS 7.21 10/15/2019 EUR 67.15
Johnston Press Bond Plc 8.63 6/1/2019 GBP 61.00
Dexia Kommunalbank Deut 5.63 12/31/2017 EUR 13.13
Finans-Avia OOO 8.25 7/31/2022 RUB 60.50
Rusfinans Bank OOO 13.90 4/24/2018 RUB 61.62
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 2.57
friedola Gebr Holzapfel 7.25 4/11/2017 EUR 3.67
DTEK Finance PLC 7.88 4/4/2018 USD 63.18
Banco Comercial Portugu 5.00 EUR 42.05
Ekotechnika AG 9.75 5/10/2018 EUR 9.50
Nuova Banca Popolare de 1.72 9/28/2017 EUR 0.81
Afren PLC 11.50 2/1/2016 USD 0.06
Sankt-Peterburg Telecom 10.70 1/31/2022 RUB 60.26
Portigon AG 7.46 12/31/2019 EUR 19.05
PagesJaunes Finance & C 8.88 6/1/2018 EUR 60.13
RZD Rasvytie vokzalov 12.50 10/21/2016 RUB 10.20
Societe Generale SA 0.14 2/28/2033 USD 73.50
Bank Nederlandse Gemeen 0.50 7/12/2022 ZAR 60.06
Kaupthing ehf 9.00 USD 0.13
Marine Subsea AS 9.00 12/16/2019 USD 0.50
SAir Group 6.25 4/12/2005 CHF 12.13
BANIF - Banco Internaci 4.50 1/30/2025 EUR 65.63
Delta Credit Bank JSC 8.40 10/21/2023 RUB 60.15
Kaupthing ehf 6.13 10/4/2016 USD 17.63
WGF Westfaelische Grund 6.35 12/1/2016 EUR 1.75
Kommunalbanken AS 0.50 5/27/2022 ZAR 61.87
Lehman Brothers Treasur 5.00 9/22/2014 EUR 11.88
Lloyds Bank PLC 3.12 7/26/2033 USD 74.00
UmweltBank AG 2.85 EUR 47.24
Matalan Finance PLC 8.88 6/1/2020 GBP 65.50
Abengoa Finance SA 7.00 4/15/2020 EUR 4.19
La Veggia Finance SPA 7.13 11/14/2004 EUR 0.14
Mifa Mitteldeutsche Fah 7.50 8/12/2018 EUR 2.98
Standard Chartered PLC 1.21 USD 63.33
Montepio Holding SGPS S 5.00 EUR 50.15
OGX Austria GmbH 8.38 4/1/2022 USD 0.01
HSBC Bank PLC 0.50 6/10/2021 BRL 66.54
Petromena ASA 10.85 11/19/2014 USD 0.52
Banca Popolare di Vicen 5.00 6/4/2024 EUR 64.19
Frigoglass Finance BV 8.25 5/15/2018 EUR 62.63
Region of Molise Italy 0.24 12/15/2033 EUR 66.41
Lehman Brothers Treasur 1.28 11/6/2010 JPY 11.88
Stroika Finance Ltd Via 7.70 6/25/2019 RUB 12.00
Credit Suisse AG/London 8.55 1/30/2026 USD 9.53
Credit Suisse AG/Nassau 8.05 9/27/2016 CHF 65.76
Lehman Brothers Treasur 4.50 5/2/2017 EUR 11.88
MegaFon PJSC 9.90 5/29/2026 RUB 60.03
Dolomite Capital Ltd 13.26 12/20/2019 ZAR 62.40
Hamburgische Landesbank 0.08 10/30/2040 EUR 63.88
Hamburgische Landesbank 0.08 1/22/2041 EUR 61.45
City of Hunedoara Roman 1.43 8/15/2026 RON 70.00
Abengoa SA 5.13 3/5/2017 USD 3.62
Lehman Brothers Treasur 5.25 5/26/2026 EUR 0.75
WPE International Coope 10.38 9/30/2020 USD 13.00
Heta Asset Resolution A 5.03 12/31/2023 EUR 39.63
ADLER Real Estate AG 6.00 12/27/2018 EUR 13.50
Astana Finance BV 7.88 6/8/2010 EUR 16.88
Lehman Brothers Treasur 16.20 5/14/2009 USD 0.75
Espirito Santo Financia 5.05 11/15/2025 EUR 0.42
Norddeutsche Landesbank 5.19 11/25/2016 EUR 55.57
Russian Railways JSC 9.85 4/26/2041 RUB 64.46
State Transport Leasing 14.30 12/10/2024 RUB 60.20
Landesbank Hessen-Thuer 0.19 5/3/2041 EUR 68.89
Veneto Banca SpA 6.94 5/15/2025 EUR 53.25
Lehman Brothers Treasur 1.00 5/9/2012 EUR 0.75
Lehman Brothers Treasur 11.00 12/20/2017 AUD 0.75
Lehman Brothers Treasur 4.00 10/24/2012 EUR 0.75
Lehman Brothers Treasur 6.00 10/30/2012 EUR 0.75
Sachsen Bank 0.10 1/22/2041 EUR 74.84
Lehman Brothers Treasur 3.03 1/31/2015 EUR 0.75
Barclays Bank PLC 1.82 6/17/2033 USD 70.00
Lehman Brothers Treasur 4.00 12/2/2012 EUR 0.75
SG Issuer SA 5.50 4/10/2021 EUR 64.74
Northland Resources AB 12.25 3/26/2016 USD 0.11
German Pellets GmbH 8.00 EUR 0.30
Heta Asset Resolution A 5.27 12/31/2023 EUR 34.38
Lehman Brothers Treasur 6.00 3/18/2015 USD 11.88
Lehman Brothers Treasur 5.55 3/12/2015 EUR 0.75
Rusfinans Bank OOO 9.95 8/22/2019 RUB 60.66
Salvator Grundbesitz-AG 9.50 12/31/2021 EUR 10.00
Espirito Santo Financia 5.13 5/30/2016 EUR 0.25
Banca Popolare di Vicen 4.97 4/20/2027 EUR 71.88
Abengoa Finance SA 6.00 3/31/2021 EUR 4.02
Heta Asset Resolution A 0.45 12/31/2023 EUR 40.13
Lehman Brothers Treasur 5.00 2/27/2014 EUR 11.88
Immigon Portfolioabbau 8.70 7/26/2025 EUR 15.00
Agentstvo po Ipotechnom 9.50 11/15/2024 RUB 73.13
Ideal Standard Internat 11.75 5/1/2018 EUR 14.63
Commerzbank AG 2.50 6/19/2017 USD 67.86
BNP Paribas SA 0.50 9/29/2029 AUD 63.91
DekaBank Deutsche Giroz 0.01 6/29/2046 EUR 62.05
BL Superstores Finance 1.41 10/4/2030 GBP 73.15
UniCredit Bank AG 4.85 12/22/2020 EUR 67.63
Podkarpacki Bank Spoldz 5.04 5/28/2023 PLN 46.00
BNP Paribas SA 0.50 5/6/2021 MXN 73.95
SG Option Europe SA 7.00 5/5/2017 EUR 50.34
Pongs & Zahn AG 8.50 EUR 0.36
Agrokompleks OOO 12.50 12/8/2022 RUB 66.87
Lehman Brothers Treasur 7.00 6/6/2017 EUR 0.75
Svensk Exportkredit AB 0.50 6/28/2022 ZAR 59.82
International Finance F 0.50 6/29/2027 ZAR 35.74
Oravita City Council 2.04 6/15/2027 RON 68.00
Alpha Bank AE 2.50 6/20/2022 EUR 66.93
Miratorg-Finans OOO 11.00 8/24/2021 RUB 60.03
Absolut Bank PAO 14.50 10/22/2021 RUB 60.06
HPI AG 4.50 12/1/2016 EUR 3.01
SNS Bank NV 6.63 5/14/2018 EUR 2.49
Mriya Agro Holding PLC 10.95 3/30/2016 USD 5.88
Rosselkhozbank JSC 11.60 7/15/2025 RUB 60.66
Bank Nederlandse Gemeen 0.50 8/9/2022 MXN 67.98
Municipality Finance PL 0.50 6/19/2024 ZAR 50.74
United Engine Corp JSC 8.00 4/24/2020 RUB 60.03
Norddeutsche Landesbank 3.00 7/16/2018 EUR 62.22
Alno AG 8.00 3/21/2019 EUR 74.00
KPNQwest NV 8.13 6/1/2009 USD 0.57
Barclays Bank PLC 1.76 4/25/2034 USD 71.75
Bayerische Landesbank 5.00 10/17/2016 EUR 36.98
Cooperatieve Rabobank U 0.50 12/29/2027 MXN 43.75
HSBC Bank PLC 0.50 12/22/2025 BRL 46.53
Bank Nederlandse Gemeen 0.50 9/20/2022 MXN 67.44
Barclays Bank PLC 1.14 3/21/2031 USD 75.00
UniCredit Bank AG 7.30 1/20/2017 EUR 61.29
Penell GmbH Elektrogros 7.75 6/10/2019 EUR 4.50
A-TEC Industries AG 5.75 11/2/2010 EUR 2.00
WEB Windenergie AG 6.50 EUR 0.05
Solarwatt GmbH 7.00 11/1/2015 EUR 14.50
Lehman Brothers Treasur 5.00 2/16/2015 EUR 11.88
Agentstvo po Ipotechnom 10.75 3/1/2033 RUB 62.15
Russian Railways JSC 13.90 5/30/2040 RUB 60.00
Western High-Speed Diam 10.44 5/13/2031 RUB 72.37
Nuova Banca Popolare de 5.00 10/30/2023 EUR 0.78
DEIKON GmbH 1.00 7/1/2016 EUR 26.15
Podkarpacki Bank Spoldz 5.79 7/2/2020 PLN 52.10
Russian Post FGUP 12.00 10/18/2019 RUB 64.12
Metalloinvest Holding C 0.01 3/7/2022 RUB 60.25
Alpha Bank AE 2.50 6/20/2022 EUR 66.95
Podkarpacki Bank Spoldz 4.94 10/6/2021 PLN 48.00
RESO-Garantia Insurance 12.00 9/13/2022 RUB 60.11
Kaupthing ehf 5.25 7/18/2017 BGN 17.63
World of Building Techn 7.70 6/25/2019 RUB 0.02
WEB Windenergie AG 4.00 4/8/2018 EUR 0.01
Credit Europe Bank Ltd 9.76 9/14/2018 RUB 62.30
Bank Julius Baer & Co L 6.30 11/24/2016 CHF 70.40
Mechel PJSC 8.00 2/9/2021 RUB 61.73
Bank Nederlandse Gemeen 0.50 5/12/2021 ZAR 67.65
Banca delle Marche SpA 6.00 5/8/2018 EUR 1.00
Landesbank Baden-Wuertt 3.25 1/26/2018 EUR 46.43
Barclays Bank PLC 3.24 5/14/2029 USD 73.70
Lehman Brothers Treasur 1.46 2/19/2012 JPY 11.88
Municipiul Timisoara 0.71 5/15/2026 RON 65.00
Barclays Bank PLC 0.50 4/24/2023 MXN 59.93
Hellas Telecommunicatio 8.50 10/15/2013 EUR 0.00
VEB-Leasing OAO 13.50 3/27/2017 RUB 60.77
Salvator Grundbesitz-AG 9.50 EUR 26.50
DEMIRE Real Estate AG 6.00 12/30/2018 EUR 3.40
Lehman Brothers Treasur 5.00 5/2/2022 EUR 0.75
Rosselkhozbank JSC 11.60 7/11/2025 RUB 60.25
Russian Railways JSC 13.90 2/28/2040 RUB 60.03
Barclays Bank PLC 0.50 3/19/2021 MXN 71.64
Leonteq Securities AG/G 5.00 1/20/2020 CHF 61.85
UniCredit Bank Austria 0.19 10/31/2031 EUR 68.38
Barclays Bank PLC 1.48 7/28/2034 USD 72.65
MirLand Development Cor 6.00 11/30/2017 ILS 23.00
Bank Julius Baer & Co L 5.50 11/24/2016 CHF 69.35
SAG Solarstrom AG 7.50 7/10/2017 EUR 28.50
Union Technologies Info 0.10 1/1/2020 EUR 5.30
Svensk Exportkredit AB 0.50 8/28/2020 TRY 68.93
Lehman Brothers Treasur 5.00 8/16/2017 EUR 11.88
Elli Investments Ltd 12.25 6/15/2020 GBP 29.63
Credit Agricole Corpora 0.50 3/6/2023 RUB 58.80
Rusfinans Bank OOO 12.10 9/29/2020 RUB 60.88
Barclays Bank PLC 2.82 9/30/2031 USD 74.50
Lehman Brothers Treasur 6.65 8/24/2011 AUD 9.63
LBI HF 3.00 12/7/2010 CHF 7.75
Bank ZENIT PJSC 11.50 4/3/2026 RUB 60.10
Fonciere Volta SA 4.50 7/30/2020 EUR 2.66
HSBC Bank PLC 0.50 12/29/2026 AUD 68.49
Podkarpacki Bank Spoldz 5.74 3/31/2025 PLN 42.00
Rosbank PJSC 0.04 4/30/2024 RUB 60.06
Vnesheconombank 11.60 2/17/2025 RUB 60.10
Raiffeisen Centrobank A 6.70 3/13/2017 EUR 53.85
WGF Westfaelische Grund 6.35 8/1/2017 EUR 3.81
Province of Rovigo Ital 0.08 12/28/2035 EUR 66.21
United Engine Corp JSC 8.80 4/17/2023 RUB 60.03
Province of Milan Italy 0.07 12/22/2033 EUR 68.96
Europlan PJSC 11.50 8/23/2021 RUB 60.66
Windreich GmbH 6.75 3/1/2015 EUR 10.88
TransFin-M PAO 12.50 2/21/2017 RUB 68.90
Finans-Avia OOO 0.01 7/31/2027 RUB 15.05
Russian Post FGUP 2.75 12/6/2023 RUB 60.03
City of Hunedoara Roman 1.43 8/15/2026 RON 70.00
SpareBank 1 SR-Bank ASA 4.00 12/21/2030 EUR 71.44
Lehman Brothers Treasur 4.68 12/12/2045 EUR 0.75
COFIDUR SA 0.10 12/31/2024 EUR 17.90
Lehman Brothers Treasur 6.00 9/20/2011 EUR 0.75
Lenta Center OOO 11.00 10/14/2020 RUB 62.29
Landesbank Hessen-Thuer 0.20 4/23/2041 EUR 72.67
CHC Helicopter SA 9.25 10/15/2020 USD 49.00
Immigon Portfolioabbau 3.51 4/12/2022 EUR 15.00
City of Predeal Romania 1.50 5/15/2026 RON 60.00
Atomenergoprom JSC 11.10 12/12/2025 RUB 60.03
SAir Group 6.25 10/27/2002 CHF 12.13
Deutsche Bank AG/London 0.50 10/5/2021 IDR 62.96
Biomed-Lublin Wytwornia 7.29 8/14/2018 PLN 66.20
BLT Finance BV 7.50 5/15/2014 USD 2.26
Driver & Bengsch AG 8.50 12/31/2027 EUR 0.00
Nuova Banca Popolare de 4.25 10/30/2016 EUR 0.78
City of Alba Iulia Roma 1.50 4/15/2025 RON 70.00
Kommunekredit 0.50 12/14/2020 ZAR 70.35
Windreich GmbH 6.25 3/1/2015 EUR 10.88
Nikrom Tubular furnitur 7.25 3/20/2017 EUR
SAir Group 4.25 2/2/2007 CHF 13.00
BNP Paribas SA 0.50 7/20/2021 BRL 58.26
Metalloinvest Holding C 11.90 2/12/2026 RUB 60.03
Astana Finance BV 9.00 11/16/2011 USD 16.88
Muehl Product & Service 6.75 3/10/2005 DEM 2.16
Kommunekredit 0.50 7/30/2027 TRY 31.65
URALSIB Leasing Co OOO 10.50 4/17/2018 RUB 0.01
Kaupthing ehf 7.50 2/1/2045 USD 0.00
Lehman Brothers Treasur 4.00 2/16/2017 EUR 11.88
Nuova Banca Popolare de 3.50 6/28/2018 EUR 0.78
Investpro OOO 13.00 12/31/2018 RUB 60.40
Northland Resources AB 15.00 7/15/2019 USD 0.11
Norddeutsche Landesbank 3.75 10/5/2016 EUR 45.85
SAG Solarstrom AG 6.25 12/14/2015 EUR 28.50
Landesbank Hessen-Thuer 3.30 10/10/2016 EUR 66.40
Sviaz Bank OAO 12.00 4/13/2022 RUB 60.89
Vegarshei Sparebank 5.00 NOK 58.70
Kaupthing ehf 7.50 12/5/2014 ISK 17.63
Societe Generale SA 0.50 5/30/2023 MXN 62.54
Leonteq Securities AG 18.00 9/26/2016 CHF 18.71
Lehman Brothers Treasur 14.90 11/16/2010 EUR 0.75
UniCredit Bank Austria 0.05 1/25/2031 EUR 66.38
Deutsche ETP GmbH & Co 3.00 11/30/2028 EUR
Lehman Brothers Treasur 7.00 11/26/2013 EUR 11.88
Rossiysky Capital OJSC 10.50 1/16/2020 RUB 60.12
A-TEC Industries AG 8.75 10/27/2014 EUR 2.00
Municipality Finance PL 0.50 5/8/2029 AUD 68.17
Municipiul Timisoara 0.71 5/15/2026 RON 67.00
Royal Bank of Scotland 1.33 10/26/2018 GBP
HSBC Bank PLC 0.50 5/29/2020 IDR 74.69
Leonteq Securities AG/G 29.61 10/26/2017 EUR 11.53
Kerdos Group SA 8.00 12/15/2017 PLN
SAir Group 2.13 11/4/2004 CHF 12.13
Metalloinvest Holding C 0.01 3/7/2022 RUB 60.25
Barclays Bank PLC 3.32 3/27/2029 USD 70.85
International Finance F 0.50 6/24/2024 ZAR 48.74
Svensk Exportkredit AB 0.50 4/24/2029 AUD 64.37
KPNQwest NV 7.13 6/1/2009 EUR 0.56
Lehman Brothers Treasur 4.00 4/13/2011 CHF 0.75
Lehman Brothers Treasur 5.00 5/12/2011 CHF 0.75
LBI HF 7.43 USD 0.00
KPNQwest NV 8.88 2/1/2008 EUR 0.57
Immigon Portfolioabbau 8.70 7/26/2020 EUR 15.00
Baltic Financial Agency 12.50 9/27/2016 RUB 60.03
DekaBank Deutsche Giroz 2.75 11/26/2018 EUR 71.87
Main Road OJSC 15.30 10/30/2028 RUB 72.16
Svensk Exportkredit AB 0.50 2/22/2022 ZAR 61.42
Banque Cantonale Vaudoi 5.55 11/7/2016 CHF 65.84
Vnesheconombank 2.00 6/18/2021 RUB 71.85
Notenstein La Roche Pri 6.70 7/24/2017 EUR 62.67
Kaupthing ehf 7.13 5/19/2016 USD 0.00
MirLand Development Cor 7.21 5/31/2020 ILS 22.70
Soyuz AKB OAO 11.00 11/22/2019 RUB 60.06
Podkarpacki Bank Spoldz 5.79 2/23/2025 PLN 52.00
Metalloinvest Holding C 0.01 3/10/2022 RUB 65.33
Leonteq Securities AG 8.20 1/16/2017 CHF 65.32
Barclays Bank PLC 0.22 9/30/2025 USD 10.10
Steiermaerkische Bank u 1.25 EUR 55.72
Lehman Brothers Treasur 3.86 9/21/2011 SGD 9.63
Credit Suisse AG/Nassau 6.25 10/17/2016 EUR 46.84
CaixaBank SA 0.76 2/2/2037 USD 74.19
Lehman Brothers Treasur 4.00 7/27/2011 EUR 0.75
Enemona AD-Kozloduy 10.00 4/28/2017 BGN 0.03
United Engine Corp JSC 11.50 6/26/2024 RUB 60.03
Rusfinans Bank OOO 10.90 10/2/2018 RUB 60.77
Raiffeisenbank AO 11.35 6/11/2018 RUB 60.03
Takko Luxembourg 2 SCA 6.71 4/15/2019 EUR 49.67
Europlan PJSC 12.50 3/26/2019 RUB 60.80
UniCredit Bank AO 12.35 9/16/2020 RUB 63.06
Lehman Brothers Treasur 8.00 3/19/2012 USD 0.75
LBI HF 7.43 USD 0.00
Cerruti Finance SA 6.50 7/26/2004 EUR 1.19
Lehman Brothers Treasur 8.25 2/3/2016 EUR 0.75
International Finance F 0.50 6/29/2020 ZAR 71.84
Province of Treviso Ita 0.05 12/31/2034 EUR 68.17
Lehman Brothers Treasur 5.00 3/18/2015 EUR 11.88
Agrokompleks OOO 0.10 7/29/2019 RUB 32.47
MirLand Development Cor 6.50 9/30/2019 ILS 22.00
Credit Suisse AG/London 1.64 6/1/2042 USD 52.65
Lehman Brothers Treasur 4.10 8/23/2010 USD 0.75
Exane Finance 2.70 9/26/2016 USD 38.80
Lehman Brothers Treasur 6.25 11/30/2012 EUR 0.75
Lehman Brothers Treasur 6.00 2/19/2023 USD 0.75
Leonteq Securities AG/G 5.99 9/11/2017 EUR 55.65
Credit Suisse AG/London 3.00 11/15/2025 ZAR 57.16
Sidetur Finance BV 10.00 4/20/2016 USD 5.25
Emova Group 4.30 5/2/2022 EUR 6.60
Atari SA 0.10 4/1/2020 EUR 4.15
Bank VTB 24 JSC 3.00 9/1/2044 RUB 60.03
Immigon Portfolioabbau 4.20 2/22/2033 EUR 51.50
UniCredit Bank AG 4.30 10/17/2018 EUR 49.03
Lehman Brothers Treasur 2.00 6/28/2011 EUR 0.75
Lehman Brothers Treasur 10.00 10/23/2008 USD 0.75
Kaupthing ehf 9.75 9/10/2015 USD 17.63
KIT Finance Capital OOO 10.00 10/26/2016 RUB 60.15
UniCredit Bank AG 8.00 11/7/2016 EUR 44.53
Lehman Brothers Treasur 15.00 3/30/2011 EUR 0.75
Lehman Brothers Treasur 3.50 9/19/2017 EUR 0.75
Banco BPI SA/Cayman Isl 4.15 11/14/2035 EUR 74.50
Landesbank Baden-Wuertt 3.50 8/25/2017 EUR 69.73
HSBC Bank PLC 0.50 1/29/2027 NZD 68.71
Leonteq Securities AG 11.00 10/5/2016 CHF 58.50
UniCredit Bank AG 5.00 9/30/2016 EUR 37.36
UniCredit Bank AG 0.48 11/19/2029 EUR 69.63
Podkarpacki Bank Spoldz 5.74 10/24/2024 PLN
Nuova Banca delle March 7.75 6/30/2018 EUR 1.24
Bank MIA OAO 11.75 11/6/2016 RUB 60.26
Lehman Brothers Treasur 5.10 6/22/2046 EUR 0.75
Bank J Safra Sarasin AG 8.00 5/4/2017 CHF 70.59
Lehman Brothers Treasur 5.00 10/24/2008 CHF 0.75
Bank Julius Baer & Co L 9.00 10/24/2016 CHF 56.35
Immigon Portfolioabbau 0.70 5/20/2025 EUR 55.50
Neftyanoi Alyans OOO 15.00 6/15/2026 RUB 60.03
Espirito Santo Financia 5.63 7/28/2017 EUR 0.02
Cooperatieve Rabobank U 0.50 8/21/2028 MXN 41.45
A-TEC Industries AG 2.75 5/10/2014 EUR 2.00
Bank Nederlandse Gemeen 0.50 6/7/2022 ZAR 60.77
Immigon Portfolioabbau 4.21 1/25/2033 EUR 51.63
Credit Suisse AG/Nassau 7.50 11/28/2016 EUR 72.82
ECA 2.50 1/1/2018 EUR 11.21
Leonteq Securities AG 14.40 10/31/2016 CHF 34.90
Agentstvo po Ipotechnom 10.30 7/15/2023 RUB 61.16
hkw personalkonzepte Gm 8.25 11/15/2016 EUR 3.80
Bank VTB 24 JSC 3.00 9/18/2046 RUB 60.06
Province of Brescia Ita 0.14 6/30/2036 EUR 65.35
UBS AG/London 12.00 11/4/2016 CHF 23.59
Bank Julius Baer & Co L 5.50 11/6/2017 CHF 56.50
Petromena ASA 9.75 5/24/2016 NOK 0.52
UniCredit Bank Austria 0.20 1/22/2031 EUR 66.38
Gold-Zack AG 7.00 12/14/2005 EUR 12.56
Raiffeisen-Landesbank T 2.50 9/2/2024 EUR 70.18
Otkritie Holding JSC 12.50 4/20/2028 RUB 60.11
UniCredit Bank AG 3.95 10/7/2019 EUR 67.67
Credit Suisse AG/London 7.25 9/26/2016 CHF 73.32
Lehman Brothers Treasur 7.50 7/31/2013 GBP 0.75
Landesbank Baden-Wuertt 3.50 8/25/2017 EUR 67.22
HSBC Bank PLC 0.50 2/24/2027 NZD 68.91
Municipality Finance PL 0.50 4/26/2022 ZAR 60.84
Lehman Brothers Treasur 9.75 6/22/2018 USD 0.75
Raiffeisen Centrobank A 7.25 9/26/2016 EUR 51.51
Lehman Brothers Treasur 7.60 5/21/2013 USD 0.75
Kommunalbanken AS 0.50 12/16/2020 TRY 72.99
Zurcher Kantonalbank Fi 1.01 12/16/2016 CHF 51.25
Exane Finance 5.00 12/20/2019 SEK 59.27
Lehman Brothers Treasur 11.00 6/29/2009 EUR 0.75
ECM Real Estate Investm 5.00 10/9/2011 EUR 10.38
Lehman Brothers Treasur 14.90 9/15/2008 EUR 0.75
UniCredit Bank Austria 0.09 1/24/2031 EUR 65.88
Immigon Portfolioabbau 4.78 6/7/2030 EUR 59.88
Svensk Exportkredit AB 0.50 8/29/2029 AUD 63.67
GRAND TOYS 17.00 3/26/2018 RUB 3.02
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.25
Lehman Brothers Treasur 4.20 12/3/2008 HKD 9.63
URALSIB Leasing Co OOO 9.00 12/12/2016 RUB 0.01
Lillestrom Sparebank 4.48 NOK 59.60
Leonteq Securities AG 9.00 10/24/2016 EUR 68.57
Leonteq Securities AG 9.40 10/24/2016 EUR 61.21
Bank Julius Baer & Co L 6.50 10/7/2016 CHF 73.60
URALSIB Leasing Co OOO 11.50 2/6/2018 RUB 0.01
Societe Generale SA 0.50 4/3/2023 RUB 58.72
UniCredit Bank AG 4.00 10/14/2019 EUR 64.36
UniCredit Bank AG 4.55 10/28/2016 EUR 61.33
Credit Suisse AG/Nassau 5.25 5/14/2018 CHF 56.88
Notenstein La Roche Pri 3.50 9/26/2018 CHF 65.27
UniCredit Bank AG 3.75 10/2/2020 EUR 51.29
SAir Group 5.50 7/23/2003 CHF 12.13
Svensk Exportkredit AB 0.50 8/25/2021 ZAR 66.22
Vontobel Financial Prod 3.00 6/13/2017 EUR 37.65
Bank Julius Baer & Co L 10.40 10/24/2016 CHF 69.85
Bank Julius Baer & Co L 9.40 11/10/2016 CHF 30.60
Credit Suisse AG/Nassau 6.00 10/3/2016 EUR 48.36
Lehman Brothers Treasur 6.00 10/24/2008 EUR 0.75
Lehman Brothers Treasur 4.60 7/6/2016 EUR 0.92
Lehman Brothers Treasur 0.25 10/19/2012 CHF 0.75
Anglian Water Services 0.94 1/26/2057 GBP 72.61
LZMO SA 8.75 11/22/2016 PLN 17.00
MirLand Development Cor 8.50 11/30/2016 ILS 22.41
Agentstvo po Ipotechnom 10.90 11/1/2022 RUB 61.16
Lehman Brothers Treasur 6.00 3/14/2011 EUR 11.88
Credit Agricole Corpora 2.00 7/9/2020 BRL 67.19
Bank VTB 24 JSC 3.00 8/14/2043 RUB 60.06
UniCredit Bank AG 4.10 10/1/2020 EUR 62.13
Absolut Bank PAO 9.35 4/29/2020 RUB 60.06
LZMO SA 8.50 6/30/2017 PLN
Credit Suisse AG/Nassau 7.00 3/22/2017 CHF 54.76
UniCredit Bank AG 4.60 6/30/2017 EUR 37.54
Rosbank PJSC 0.01 2/26/2024 RUB 60.06
Leonteq Securities AG 6.75 12/5/2016 CHF 58.05
Credit Suisse AG/London 8.00 11/29/2019 USD 6.93
Delta Credit Bank JSC 12.50 9/30/2025 RUB 60.03
UniCredit Bank AG 4.00 3/21/2017 EUR 60.54
UniCredit Bank AG 4.40 9/19/2018 EUR 49.48
Lehman Brothers Treasur 0.50 12/20/2017 AUD 0.75
Lehman Brothers Treasur 6.30 12/21/2018 USD 0.42
Lehman Brothers Treasur 11.00 2/16/2009 CHF 0.75
Lehman Brothers Treasur 11.75 3/1/2010 EUR 0.75
Lehman Brothers Treasur 4.00 3/10/2011 EUR 0.75
Bank Julius Baer & Co L 9.50 12/16/2016 CHF 63.35
Lehman Brothers Treasur 8.00 2/16/2016 EUR 0.75
Lehman Brothers Treasur 10.44 11/22/2008 CHF 0.75
Lehman Brothers Treasur 5.00 11/22/2012 EUR 0.75
DekaBank Deutsche Giroz 3.00 5/4/2018 EUR 57.34
Credit Suisse AG 0.50 12/16/2025 BRL 40.13
Municipality Finance PL 0.50 12/15/2020 BRL 67.14
Rosbank PJSC 0.01 4/30/2024 RUB 60.06
AKB Peresvet ZAO 13.25 11/6/2020 RUB 60.11
SpareBank 1 Nordvest 3.88 3/11/2099 NOK 60.04
DZ Bank AG Deutsche Zen 6.60 12/23/2016 EUR 74.56
SAir Group 2.75 7/30/2004 CHF 12.13
Transgazservice LLP 10.50 11/8/2019 RUB 10.00
Promnefteservis OOO 10.50 11/21/2019 RUB 0.50
Credit Suisse AG/London 0.50 1/8/2026 BRL 38.95
UniCredit Bank AG 3.75 9/7/2020 EUR 53.34
UniCredit Bank AG 4.60 7/2/2018 EUR 43.14
UBS AG 8.30 12/8/2016 USD 5.75
Melhus Sparebank 2.70 9/16/2024 NOK 68.96
Nuova Banca delle March 7.20 6/30/2018 EUR 1.24
Nuova Banca delle March 8.00 6/30/2018 EUR 1.24
Zurcher Kantonalbank Fi 0.50 6/9/2017 CHF 71.25
Leonteq Securities AG 3.50 4/10/2018 EUR 50.48
Credit Suisse AG/London 6.50 11/8/2016 CHF 72.10
UniCredit Bank AG 5.00 7/30/2018 EUR 51.12
HSBC Trinkaus & Burkhar 4.00 5/29/2017 EUR 65.69
Sparebanken Din 2.28 NOK 71.18
Lehman Brothers Treasur 4.00 7/20/2012 EUR 0.75
Lehman Brothers Treasur 4.69 2/19/2017 EUR 0.75
Raiffeisen Versicherung 5.08 EUR 24.35
KFW 0.25 10/6/2036 CAD 39.13
Zapsibcombank PAO 14.85 12/12/2019 RUB 70.00
Zurcher Kantonalbank Fi 11.25 4/26/2017 CHF 67.71
Lehman Brothers Treasur 3.00 6/23/2009 EUR 11.88
Lehman Brothers Treasur 5.00 8/1/2025 EUR 0.75
Bank VTB 24 JSC 3.00 9/15/2044 RUB 60.03
Lehman Brothers Treasur 11.00 12/19/2011 USD 0.75
Totens Sparebank 2.68 NOK 73.38
Delta Credit Bank JSC 10.55 6/5/2024 RUB 60.03
UniCredit Bank AG 5.40 8/25/2018 EUR 70.29
Polbrand sp zoo 9.00 10/2/2017 PLN 20.00
Credit Suisse AG/Nassau 7.25 3/8/2017 CHF 56.40
Notenstein La Roche Pri 6.80 11/28/2016 CHF 74.96
Leonteq Securities AG 16.20 11/21/2016 CHF 46.57
UniCredit Bank AG 3.80 7/23/2020 EUR 51.53
Leonteq Securities AG 12.00 11/7/2016 CHF 44.26
MT-Energie GmbH & Co KG 8.25 4/4/2017 EUR 9.17
Lehman Brothers Treasur 2.40 6/20/2011 JPY 0.75
United Confectioners Fi 10.50 4/3/2023 RUB 64.07
Barclays Bank PLC 0.50 3/26/2021 MXN 71.54
Nota-Bank OJSC 13.50 4/1/2016 RUB 31.50
Lehman Brothers Treasur 5.50 4/23/2014 EUR 0.75
Lehman Brothers Treasur 13.43 1/8/2009 ILS 0.75
Lehman Brothers Treasur 16.00 10/28/2008 USD 0.75
Notenstein La Roche Pri 4.00 9/26/2018 CHF 69.46
Nuova Banca Popolare de 2.20 5/21/2018 EUR 0.81
Rosbank PJSC 0.03 4/30/2024 RUB 60.06
Deutsche Bank AG 5.20 6/20/2017 EUR 60.30
Landesbank Hessen-Thuer 5.00 10/17/2017 EUR 44.78
Polski Bank Spoldzielcz 4.77 6/22/2021 PLN 51.00
HSBC Bank PLC 0.50 10/30/2026 NZD 69.50
HSBC Bank PLC 0.50 12/8/2026 AUD 71.72
Leonteq Securities AG 9.40 10/24/2016 EUR 61.56
Landesbank Hessen-Thuer 6.30 10/17/2016 EUR 34.20
Bayerische Landesbank 3.20 7/27/2018 EUR 50.10
EFG International Finan 7.19 5/6/2019 EUR 32.95
Raiffeisen Centrobank A 2.40 12/19/2016 EUR
Fondovye Strategicheski 1.50 10/5/2020 RUB 60.01
Lehman Brothers Treasur 7.50 5/2/2017 EUR 0.75
Commerzbank AG 4.00 9/8/2017 EUR 64.84
iMoneyBank KB OOO 0.10 10/27/2016 RUB 58.00
Polski Bank Spoldzielcz 5.29 9/14/2027 PLN 54.00
Commerzbank AG 8.00 7/14/2021 USD 10.77
Provinsor Fastigheter A 8.50 6/30/2020 DKK 0.10
Immigon Portfolioabbau 0.98 3/1/2022 EUR 65.50
IT Holding Finance SA 9.88 11/15/2012 EUR 0.23
City of Siret Romania 2.24 3/1/2028 RON 55.00
Municipality Finance PL 0.25 6/28/2040 CAD 29.86
Commerzbank AG 1.00 11/28/2016 EUR 24.85
Nutritek International 8.75 12/11/2008 USD 2.00
Landesbank Hessen-Thuer 4.50 12/14/2016 EUR 63.50
Landesbank Hessen-Thuer 5.00 10/24/2016 EUR 60.30
Credit Suisse AG/Nassau 5.50 8/3/2017 EUR 65.57
Municipality Finance PL 0.50 5/31/2022 ZAR 60.16
Svensk Exportkredit AB 0.50 3/15/2022 ZAR 61.51
Deutsche Bank AG/London 0.50 4/18/2019 BRL 74.48
Fargo Finance OOO 9.00 2/6/2019 RUB 0.01
Credit Suisse AG/Nassau 6.00 11/17/2016 CHF 60.79
National Capital JSC 9.25 4/22/2019 RUB 60.03
National Capital JSC 9.25 4/22/2019 RUB 60.03
Lehman Brothers Treasur 16.80 8/21/2009 USD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 AUD 9.63
Lehman Brothers Treasur 7.50 2/14/2010 AUD 0.75
Kaupthing ehf 7.63 2/28/2015 USD 17.63
UniCredit Bank AG 4.25 9/12/2017 EUR 55.99
Lehman Brothers Treasur 11.00 5/9/2020 USD 0.75
HSBC Bank PLC 0.50 11/25/2025 BRL 46.79
DZ Bank AG Deutsche Zen 8.40 3/20/2017 EUR 68.91
Torgovyi Dom Spartak-Ka 14.00 5/2/2017 RUB 67.96
Deutsche Bank AG 7.20 3/21/2017 EUR 73.90
Deutsche Bank AG 7.20 6/20/2017 EUR 71.00
Bank J Safra Sarasin AG 9.60 10/17/2016 CHF 68.29
BNP Paribas Emissions- 26.00 12/21/2017 EUR 73.60
BNP Paribas Emissions- 13.00 6/22/2017 EUR 74.22
BNP Paribas Emissions- 19.00 12/21/2017 EUR 72.03
BNP Paribas Emissions- 29.00 6/22/2017 EUR 72.46
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 46.54
Russian Bank for Small 9.75 8/11/2022 RUB 60.03
HSBC Bank PLC 0.50 1/31/2020 BRL 71.72
Barclays Bank PLC 0.11 12/28/2040 EUR 66.82
Lehman Brothers Treasur 4.05 9/16/2008 EUR 0.75
Province of Brescia Ita 0.25 12/22/2036 EUR 64.51
HSBC Bank PLC 0.50 7/21/2021 BRL 72.96
Deutsche Bank AG 7.50 12/20/2016 EUR 53.83
DekaBank Deutsche Giroz 3.00 5/12/2017 EUR 41.26
Landesbank Baden-Wuertt 4.50 8/25/2017 EUR 68.18
EFG International Finan 7.20 7/29/2020 EUR 66.20
Societe Generale Effekt 4.00 6/26/2017 EUR 48.16
Landesbank Baden-Wuertt 3.15 10/28/2016 EUR 50.52
DZ Bank AG Deutsche Zen 3.50 9/30/2016 EUR 58.87
Landesbank Baden-Wuertt 3.20 11/25/2016 EUR 72.21
Zurcher Kantonalbank Fi 5.25 11/1/2016 CHF 34.68
Notenstein La Roche Pri 7.40 10/31/2016 CHF 24.45
Landesbank Baden-Wuertt 3.30 12/23/2016 EUR 73.43
Landesbank Baden-Wuertt 3.25 12/22/2017 EUR 49.68
Landesbank Baden-Wuertt 3.50 12/23/2016 EUR 70.90
UniCredit Bank AG 4.00 6/26/2018 EUR 43.23
Landesbank Hessen-Thuer 4.00 1/16/2018 EUR 39.89
EFG International Finan 6.48 5/29/2018 EUR 8.85
Barclays Bank PLC 4.17 1/5/2017 EUR
Barclays Bank PLC 4.17 1/5/2017 EUR 16.92
Landesbank Baden-Wuertt 3.25 6/23/2017 EUR 68.93
Landesbank Baden-Wuertt 3.00 2/23/2018 EUR 46.34
Barclays Bank PLC 0.50 1/28/2033 MXN 27.39
Barclays Bank PLC 0.50 3/13/2023 RUB 58.97
HSBC Bank PLC 0.50 4/11/2023 MXN 62.92
Societe Generale SA 0.50 4/30/2023 RUB 58.14
Banca delle Marche SpA 6.00 6/12/2018 EUR 1.00
Lehman Brothers Treasur 7.25 6/20/2010 USD 0.75
Lehman Brothers Treasur 7.00 9/20/2011 USD 0.75
Notenstein La Roche Pri 6.00 7/11/2017 CHF 63.71
Leonteq Securities AG 8.00 1/4/2017 CHF 73.39
Credit Suisse AG/Nassau 7.25 7/13/2017 CHF 63.70
Polyus Perspectiva OOO 11.00 12/15/2020 RUB 70.63
Landesbank Baden-Wuertt 2.00 6/23/2017 EUR 70.54
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 63.14
Vontobel Financial Prod 10.85 12/23/2016 EUR 71.34
Commerzbank AG 15.50 12/22/2016 EUR 71.73
Commerzbank AG 9.75 12/22/2016 EUR 69.24
Commerzbank AG 8.75 12/22/2016 EUR 48.89
Commerzbank AG 12.50 12/22/2016 EUR 45.09
DZ Bank AG Deutsche Zen 8.00 12/19/2016 EUR 66.52
DZ Bank AG Deutsche Zen 8.00 3/20/2017 EUR 68.47
Leonteq Securities AG 11.00 1/19/2017 CHF 71.30
Vontobel Financial Prod 7.70 12/23/2016 EUR 53.26
DZ Bank AG Deutsche Zen 9.25 1/27/2017 EUR 73.96
DZ Bank AG Deutsche Zen 5.75 1/27/2017 EUR 73.98
DZ Bank AG Deutsche Zen 10.00 12/23/2016 EUR 52.20
DZ Bank AG Deutsche Zen 5.00 1/27/2017 EUR 57.15
DZ Bank AG Deutsche Zen 8.50 1/27/2017 EUR 52.66
Lehman Brothers Treasur 1.50 2/8/2012 CHF 0.75
Societe Generale SA 0.50 4/4/2024 MXN 58.23
UBS AG/London 10.25 12/23/2016 EUR 69.18
UBS AG/London 21.75 12/23/2016 EUR 69.91
Credit Suisse AG/Nassau 5.24 11/28/2016 CHF 60.83
Notenstein La Roche Pri 8.80 12/5/2016 CHF 66.08
Goldman Sachs Internati 1.00 12/5/2017 SEK 11.94
Leonteq Securities AG 3.90 12/20/2024 CHF 74.99
Leonteq Securities AG/G 5.00 12/12/2016 CHF 59.67
Notenstein La Roche Pri 7.30 12/12/2016 CHF 59.91
UniCredit Bank AG 4.48 12/23/2016 EUR 73.76
Leonteq Securities AG 7.80 12/19/2016 CHF 61.99
Notenstein La Roche Pri 5.50 12/28/2018 CHF 66.24
Notenstein La Roche Pri 8.00 12/29/2016 EUR 67.80
Deutsche Bank AG 8.20 12/20/2016 EUR 55.10
Deutsche Bank AG 8.20 12/20/2016 EUR 56.60
Deutsche Bank AG 8.20 12/20/2016 EUR 47.50
Notenstein La Roche Pri 5.00 1/14/2019 CHF 63.68
Notenstein La Roche Pri 8.50 1/16/2017 EUR 57.79
Commerzbank AG 5.00 12/22/2016 EUR 53.65
Commerzbank AG 6.00 12/22/2016 EUR 51.13
Commerzbank AG 7.00 12/22/2016 EUR 48.86
Commerzbank AG 5.50 12/22/2016 EUR 63.01
Commerzbank AG 7.25 12/22/2016 EUR 58.47
Commerzbank AG 6.00 12/22/2016 EUR 69.79
Commerzbank AG 7.00 12/22/2016 EUR 66.43
Commerzbank AG 8.00 12/22/2016 EUR 63.45
Commerzbank AG 5.25 12/22/2016 EUR 72.66
Commerzbank AG 6.50 12/22/2016 EUR 69.40
Commerzbank AG 6.75 12/22/2016 EUR 72.72
DZ Bank AG Deutsche Zen 5.60 3/30/2017 EUR 49.21
Bank Julius Baer & Co L 5.20 9/25/2017 EUR 63.10
Notenstein La Roche Pri 8.00 10/3/2016 CHF 66.01
Notenstein La Roche Pri 7.50 10/3/2016 CHF 63.19
Notenstein La Roche Pri 7.00 10/3/2016 EUR 74.72
Credit Suisse AG/Nassau 6.25 10/6/2016 CHF 60.49
Bank Julius Baer & Co L 4.75 10/10/2016 CHF 58.70
Notenstein La Roche Pri 7.00 10/10/2016 CHF 65.61
Credit Suisse AG/Nassau 6.25 10/14/2016 CHF 61.43
Notenstein La Roche Pri 6.00 10/17/2016 CHF 65.94
Zurcher Kantonalbank Fi 6.25 10/14/2016 CHF 67.59
Notenstein La Roche Pri 6.20 10/24/2016 CHF 65.91
Leonteq Securities AG 8.45 11/7/2016 CHF 39.53
Leonteq Securities AG 5.20 11/7/2016 CHF 54.05
Leonteq Securities AG/G 6.00 10/31/2018 CHF 74.51
Notenstein La Roche Pri 5.00 10/31/2018 CHF 66.50
Notenstein La Roche Pri 4.50 10/31/2018 CHF 61.78
Notenstein Finance Guer 7.30 10/28/2016 CHF 64.62
DekaBank Deutsche Giroz 4.00 10/21/2016 EUR 70.68
Leonteq Securities AG 3.00 9/19/2019 CHF 41.55
DekaBank Deutsche Giroz 8.50 10/27/2016 EUR 52.68
DekaBank Deutsche Giroz 7.15 10/27/2017 EUR 56.13
Notenstein La Roche Pri 7.50 11/7/2016 EUR 73.34
DekaBank Deutsche Giroz 3.50 10/28/2016 EUR 61.46
UBS AG/London 9.00 12/23/2016 EUR 65.67
Notenstein La Roche Pri 5.30 11/14/2018 CHF 74.52
Notenstein La Roche Pri 6.00 11/14/2016 CHF 72.81
Notenstein La Roche Pri 4.80 11/14/2018 CHF 69.99
Leonteq Securities AG/G 5.00 11/14/2016 CHF 62.12
Notenstein La Roche Pri 3.00 9/22/2020 CHF 52.48
Vontobel Financial Prod 5.00 11/21/2016 EUR 70.32
DekaBank Deutsche Giroz 3.00 5/15/2018 EUR 69.18
Notenstein La Roche Pri 2.70 9/22/2026 CHF 70.62
UniCredit Bank AG 3.50 1/29/2020 EUR 56.54
UniCredit Bank AG 3.50 12/19/2019 EUR 59.42
Credit Suisse AG/Nassau 6.00 11/28/2016 CHF 58.27
UniCredit Bank AG 3.79 12/19/2016 EUR 59.16
UBS AG/London 9.00 12/23/2016 EUR 72.36
UBS AG/London 16.75 12/23/2016 EUR 67.71
UBS AG/London 15.50 12/23/2016 EUR 69.39
UBS AG/London 14.00 12/23/2016 EUR 74.04
UBS AG/London 15.00 12/23/2016 EUR 72.23
UBS AG/London 14.50 12/23/2016 EUR 71.65
UBS AG/London 17.75 12/23/2016 EUR 68.64
UBS AG/London 22.00 12/23/2016 EUR 69.14
UBS AG/London 13.75 12/23/2016 EUR 74.17
UBS AG/London 16.50 12/23/2016 EUR 57.47
UBS AG/London 15.75 12/23/2016 EUR 70.09
EFG International Finan 7.00 11/27/2019 EUR 38.39
Notenstein La Roche Pri 7.00 12/5/2016 EUR 67.28
Leonteq Securities AG/G 12.80 12/12/2016 USD 61.17
Notenstein La Roche Pri 8.00 12/12/2016 CHF 62.38
Credit Suisse AG/Nassau 6.00 12/12/2016 CHF 59.72
DekaBank Deutsche Giroz 2.50 12/1/2017 EUR 69.62
Notenstein La Roche Pri 8.20 12/19/2016 EUR 69.23
Deutsche Bank AG 8.20 12/20/2016 EUR 57.40
Deutsche Bank AG 8.20 12/20/2016 EUR 67.80
Landesbank Hessen-Thuer 4.00 2/6/2019 EUR 71.09
Notenstein La Roche Pri 7.00 1/16/2017 CHF 65.98
Notenstein La Roche Pri 5.50 1/14/2019 CHF 67.63
DekaBank Deutsche Giroz 3.00 12/17/2018 EUR 60.75
Commerzbank AG 6.25 12/22/2016 EUR 61.21
Commerzbank AG 5.00 12/22/2016 EUR 73.50
Vontobel Financial Prod 5.00 2/13/2017 EUR 56.91
DekaBank Deutsche Giroz 2.50 12/16/2016 EUR 46.32
DZ Bank AG Deutsche Zen 5.00 2/6/2018 EUR 64.72
DekaBank Deutsche Giroz 3.20 1/14/2019 EUR 74.32
Goldman Sachs & Co Wert 14.00 10/26/2016 EUR 71.42
Goldman Sachs & Co Wert 18.00 10/26/2016 EUR 66.72
Goldman Sachs & Co Wert 8.00 10/26/2016 EUR 70.70
Goldman Sachs & Co Wert 9.00 10/26/2016 EUR 70.78
Goldman Sachs & Co Wert 12.00 10/26/2016 EUR 64.02
Goldman Sachs & Co Wert 16.00 10/26/2016 EUR 58.61
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 54.23
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 71.85
Goldman Sachs & Co Wert 19.00 12/21/2016 EUR 57.04
Goldman Sachs & Co Wert 8.00 3/22/2017 EUR 73.54
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 67.88
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 68.94
Goldman Sachs & Co Wert 7.00 9/20/2017 EUR 74.42
Goldman Sachs & Co Wert 5.00 10/26/2016 EUR 60.08
Goldman Sachs & Co Wert 7.00 10/26/2016 EUR 52.11
Goldman Sachs & Co Wert 10.00 10/26/2016 EUR 48.06
Goldman Sachs & Co Wert 15.00 10/26/2016 EUR 41.71
Goldman Sachs & Co Wert 19.00 10/26/2016 EUR 39.33
Goldman Sachs & Co Wert 7.00 12/21/2016 EUR 53.20
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 51.19
Goldman Sachs & Co Wert 9.00 12/21/2016 EUR 49.38
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 42.64
Goldman Sachs & Co Wert 17.00 12/21/2016 EUR 41.81
Goldman Sachs & Co Wert 15.00 3/22/2017 EUR 45.18
Goldman Sachs & Co Wert 4.00 9/20/2017 EUR 65.80
Goldman Sachs & Co Wert 4.00 9/20/2017 EUR 62.90
Goldman Sachs & Co Wert 5.00 9/20/2017 EUR 61.19
Goldman Sachs & Co Wert 6.00 9/20/2017 EUR 57.34
Goldman Sachs & Co Wert 8.00 9/20/2017 EUR 55.17
Goldman Sachs & Co Wert 12.00 9/20/2017 EUR 51.11
Goldman Sachs & Co Wert 20.00 12/21/2016 EUR 74.07
Goldman Sachs & Co Wert 17.00 3/22/2017 EUR 69.96
Goldman Sachs & Co Wert 14.00 9/20/2017 EUR 74.05
UBS AG 7.00 12/9/2016 EUR 67.83
Vontobel Financial Prod 8.50 12/23/2016 EUR 61.65
Vontobel Financial Prod 14.00 12/23/2016 EUR 53.08
Norddeutsche Landesbank 5.00 10/6/2016 EUR 57.49
Credit Suisse AG/Nassau 9.25 9/26/2016 EUR 70.68
Vontobel Financial Prod 5.50 12/23/2016 EUR 52.87
Credit Suisse AG/Nassau 6.25 9/26/2016 CHF 67.30
DZ Bank AG Deutsche Zen 7.50 12/19/2016 EUR 62.79
DZ Bank AG Deutsche Zen 8.00 12/19/2016 EUR 62.90
Vontobel Financial Prod 7.00 12/23/2016 EUR 72.87
Vontobel Financial Prod 13.00 10/28/2016 EUR 68.00
Bayerische Landesbank 3.50 10/14/2016 EUR 63.98
Bank Julius Baer & Co L 8.45 9/26/2016 EUR 66.60
Vontobel Financial Prod 9.70 10/28/2016 EUR 70.75
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 37.13
Goldman Sachs & Co Wert 6.00 10/26/2016 EUR 54.48
Goldman Sachs & Co Wert 16.00 3/22/2017 EUR 43.31
Goldman Sachs & Co Wert 13.00 12/21/2016 EUR 73.35
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 71.85
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 60.87
Goldman Sachs & Co Wert 13.00 3/22/2017 EUR 63.72
Goldman Sachs & Co Wert 16.00 3/22/2017 EUR 60.44
Goldman Sachs & Co Wert 7.00 6/21/2017 EUR 72.98
Goldman Sachs & Co Wert 8.00 6/21/2017 EUR 73.72
Goldman Sachs & Co Wert 15.00 6/21/2017 EUR 62.65
Goldman Sachs & Co Wert 7.00 9/20/2017 EUR 74.42
Goldman Sachs & Co Wert 9.00 9/20/2017 EUR 70.43
Goldman Sachs & Co Wert 14.00 9/20/2017 EUR 65.63
Goldman Sachs & Co Wert 3.00 10/26/2016 EUR 66.93
Goldman Sachs & Co Wert 4.00 10/26/2016 EUR 63.31
Goldman Sachs & Co Wert 5.00 10/26/2016 EUR 57.10
Goldman Sachs & Co Wert 8.00 10/26/2016 EUR 49.95
Goldman Sachs & Co Wert 8.00 3/22/2017 EUR 51.22
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 48.57
Goldman Sachs & Co Wert 8.00 6/21/2017 EUR 53.20
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 51.08
Goldman Sachs & Co Wert 14.00 6/21/2017 EUR 48.24
Goldman Sachs & Co Wert 3.00 9/20/2017 EUR 67.89
Goldman Sachs & Co Wert 3.00 9/20/2017 EUR 74.47
Goldman Sachs & Co Wert 7.00 9/20/2017 EUR 56.18
Goldman Sachs & Co Wert 10.00 9/20/2017 EUR 52.00
Goldman Sachs & Co Wert 12.00 9/20/2017 EUR 49.82
Goldman Sachs & Co Wert 22.00 10/26/2016 EUR 71.20
Goldman Sachs & Co Wert 15.00 10/26/2016 EUR 67.40
Goldman Sachs & Co Wert 18.00 10/26/2016 EUR 64.15
Vontobel Financial Prod 12.00 12/23/2016 EUR 55.50
Vontobel Financial Prod 9.00 12/23/2016 EUR 74.22
DZ Bank AG Deutsche Zen 6.75 12/23/2016 EUR 50.29
DZ Bank AG Deutsche Zen 7.75 12/23/2016 EUR 60.80
Vontobel Financial Prod 6.00 12/23/2016 EUR 65.28
DZ Bank AG Deutsche Zen 7.50 12/19/2016 EUR 74.71
DZ Bank AG Deutsche Zen 6.00 12/19/2016 EUR 69.92
DZ Bank AG Deutsche Zen 8.10 12/19/2016 EUR 46.77
Landesbank Baden-Wuertt 6.30 10/28/2016 EUR 58.34
Vontobel Financial Prod 11.15 10/28/2016 EUR 67.81
Goldman Sachs & Co Wert 10.00 12/21/2016 EUR 65.40
DZ Bank AG Deutsche Zen 4.00 12/23/2016 EUR 56.39
Bank Julius Baer & Co L 10.85 9/30/2016 EUR 46.35
Vontobel Financial Prod 17.00 12/23/2016 EUR 69.03
DZ Bank AG Deutsche Zen 5.40 12/19/2016 EUR 52.29
DekaBank Deutsche Giroz 4.50 12/30/2016 EUR 73.86
DekaBank Deutsche Giroz 10.20 10/10/2016 EUR 74.72
DZ Bank AG Deutsche Zen 5.25 10/28/2016 EUR 72.20
DZ Bank AG Deutsche Zen 9.50 10/28/2016 EUR 44.94
DZ Bank AG Deutsche Zen 7.75 12/23/2016 EUR 45.98
HSBC Trinkaus & Burkhar 10.20 3/24/2017 EUR 64.95
HSBC Trinkaus & Burkhar 10.50 3/24/2017 EUR 47.24
HSBC Trinkaus & Burkhar 9.40 3/24/2017 EUR 48.32
HSBC Trinkaus & Burkhar 7.30 3/24/2017 EUR 50.92
DekaBank Deutsche Giroz 2.75 6/24/2019 EUR 63.12
Credit Suisse AG/London 7.00 9/30/2020 USD 10.00
Landesbank Baden-Wuertt 3.10 10/25/2019 EUR 62.92
Vontobel Financial Prod 14.50 12/23/2016 EUR 71.12
DZ Bank AG Deutsche Zen 8.40 12/19/2016 EUR 68.19
Vontobel Financial Prod 3.00 12/23/2016 EUR 63.63
UBS AG/London 7.50 10/28/2016 EUR 43.05
Leonteq Securities AG 11.00 9/28/2016 CHF 70.55
Leonteq Securities AG 10.00 9/28/2016 CHF 54.91
Vontobel Financial Prod 6.00 12/23/2016 EUR 46.67
Deutsche Bank AG 3.20 12/20/2016 EUR 74.50
Deutsche Bank AG 3.20 12/20/2016 EUR 70.50
Deutsche Bank AG 3.20 12/20/2016 EUR 66.90
Deutsche Bank AG 3.20 12/20/2016 EUR 62.30
Deutsche Bank AG 3.20 12/20/2016 EUR 60.30
Deutsche Bank AG 3.20 12/20/2016 EUR 56.60
Notenstein La Roche Pri 6.40 9/25/2017 EUR 70.35
Deutsche Bank AG 3.20 12/20/2016 EUR 54.90
Deutsche Bank AG 3.20 12/20/2016 EUR 52.50
Deutsche Bank AG 3.20 12/20/2016 EUR 50.20
Deutsche Bank AG 3.20 12/20/2016 EUR 74.80
Deutsche Bank AG 4.20 12/20/2016 EUR 70.70
Deutsche Bank AG 4.20 12/20/2016 EUR 67.10
Deutsche Bank AG 4.20 12/20/2016 EUR 50.50
Deutsche Bank AG 4.20 12/20/2016 EUR 48.40
Deutsche Bank AG 4.20 10/26/2016 EUR 70.20
Deutsche Bank AG 4.20 10/26/2016 EUR 66.50
Deutsche Bank AG 4.20 10/26/2016 EUR 49.80
Deutsche Bank AG 4.20 10/26/2016 EUR 47.80
Deutsche Bank AG 4.20 11/22/2017 EUR 54.00
Deutsche Bank AG 4.20 10/26/2016 EUR 56.20
Deutsche Bank AG 3.20 10/26/2016 EUR 74.20
Deutsche Bank AG 3.20 10/26/2016 EUR 52.00
Deutsche Bank AG 3.20 10/26/2016 EUR 49.70
Deutsche Bank AG 3.20 10/26/2016 EUR 61.90
Deutsche Bank AG 3.20 10/26/2016 EUR 59.90
Deutsche Bank AG 3.20 10/26/2016 EUR 56.10
DZ Bank AG Deutsche Zen 5.70 12/19/2016 EUR 71.52
DZ Bank AG Deutsche Zen 7.00 12/23/2016 EUR 74.68
National Capital JSC 10.50 9/15/2020 RUB 60.03
Vontobel Financial Prod 8.65 10/28/2016 EUR 68.82
HSBC Trinkaus & Burkhar 6.70 10/28/2016 EUR 52.26
Deutsche Bank AG 8.20 12/20/2016 EUR 64.80
Deutsche Bank AG 9.20 12/20/2016 EUR 47.70
Deutsche Bank AG 8.20 12/20/2016 EUR 45.70
Deutsche Bank AG 9.20 12/20/2016 EUR 46.00
Deutsche Bank AG 9.20 12/20/2016 EUR 53.20
Deutsche Bank AG 8.20 12/20/2016 EUR 71.70
Deutsche Bank AG 9.20 12/20/2016 EUR 71.90
Deutsche Bank AG 3.20 10/26/2016 EUR 70.10
Deutsche Bank AG 3.20 11/22/2017 EUR 70.00
Deutsche Bank AG 3.20 10/26/2016 EUR 54.40
Deutsche Bank AG 3.20 11/22/2017 EUR 50.80
Deutsche Bank AG 3.20 11/22/2017 EUR 61.30
Deutsche Bank AG 3.20 11/22/2017 EUR 57.90
Deutsche Bank AG 4.20 10/26/2016 EUR 74.40
DekaBank Deutsche Giroz 3.10 8/4/2017 EUR 37.96
DekaBank Deutsche Giroz 2.75 8/26/2019 EUR 73.37
HSBC Trinkaus & Burkhar 6.00 3/24/2017 EUR 72.40
HSBC Trinkaus & Burkhar 6.60 10/28/2016 EUR 70.67
HSBC Trinkaus & Burkhar 6.00 3/24/2017 EUR 54.57
Deutsche Bank AG 9.20 12/20/2016 EUR 65.00
Deutsche Bank AG 8.20 12/20/2016 EUR 53.00
Goldman Sachs & Co Wert 22.00 10/26/2016 EUR 70.28
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 71.11
DekaBank Deutsche Giroz 3.00 6/30/2017 EUR 72.38
DZ Bank AG Deutsche Zen 5.30 12/19/2016 EUR 74.59
DekaBank Deutsche Giroz 10.50 11/15/2016 EUR 68.01
DekaBank Deutsche Giroz 8.35 11/15/2016 EUR 72.24
DZ Bank AG Deutsche Zen 6.25 10/28/2016 EUR 49.21
DZ Bank AG Deutsche Zen 8.50 10/28/2016 EUR 56.16
HSBC Trinkaus & Burkhar 7.20 6/23/2017 EUR 69.79
HSBC Trinkaus & Burkhar 8.20 6/23/2017 EUR 51.21
DekaBank Deutsche Giroz 2.50 9/16/2019 EUR 73.28
Credit Suisse AG/London 7.00 9/30/2020 USD 10.15
Credit Suisse AG/London 7.50 10/6/2016 CHF 57.43
Vontobel Financial Prod 13.00 12/23/2016 EUR 73.36
DZ Bank AG Deutsche Zen 7.60 12/19/2016 EUR 70.13
DZ Bank AG Deutsche Zen 9.10 12/19/2016 EUR 66.22
Vontobel Financial Prod 18.50 12/23/2016 EUR 56.99
Landesbank Baden-Wuertt 3.55 6/23/2017 EUR 64.50
Landesbank Baden-Wuertt 3.70 6/23/2017 EUR 69.37
Landesbank Baden-Wuertt 3.15 6/22/2018 EUR 47.90
Leonteq Securities AG/G 10.58 2/3/2017 USD 33.90
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 71.26
UBS AG 9.50 12/22/2017 EUR 54.53
UBS AG 5.50 12/23/2016 EUR 62.85
UBS AG 9.25 12/23/2016 EUR 32.11
UBS AG 14.00 12/23/2016 EUR 64.48
UBS AG 12.75 12/23/2016 EUR 68.61
UBS AG 12.00 12/23/2016 EUR 40.17
UBS AG 7.00 12/22/2017 EUR 60.04
UBS AG 11.25 12/23/2016 EUR 73.23
UBS AG 5.25 12/22/2017 EUR 46.22
UBS AG 5.25 12/23/2016 EUR 67.74
UBS AG 16.75 12/23/2016 EUR 31.72
UBS AG 8.25 12/22/2017 EUR 54.52
UBS AG 7.50 12/23/2016 EUR 54.55
UBS AG 11.75 12/22/2017 EUR 45.95
UBS AG 5.25 12/23/2016 EUR 71.27
UBS AG 5.00 12/22/2017 EUR 74.28
UBS AG 7.75 12/22/2017 EUR 63.53
UBS AG 7.00 12/22/2017 EUR 60.19
UBS AG 14.50 12/23/2016 EUR 40.67
UBS AG 6.75 12/23/2016 EUR 58.44
UBS AG 8.00 12/23/2016 EUR 58.67
UBS AG 10.25 12/22/2017 EUR 56.19
UBS AG 5.75 12/22/2017 EUR 71.97
UBS AG 7.50 12/23/2016 EUR 61.37
UBS AG 5.00 12/22/2017 EUR 72.28
UBS AG 10.25 12/22/2017 EUR 38.20
UBS AG 5.50 12/22/2017 EUR 67.34
UBS AG 5.00 12/22/2017 EUR 48.72
UBS AG 12.25 12/23/2016 EUR 27.93
UBS AG 13.00 12/23/2016 EUR 27.13
UBS AG 8.50 12/22/2017 EUR 39.17
UBS AG 11.75 12/22/2017 EUR 36.67
UBS AG 5.00 12/23/2016 EUR 71.30
UBS AG 5.25 12/23/2016 EUR 40.99
UBS AG 6.75 12/23/2016 EUR 59.13
UBS AG 16.00 12/23/2016 EUR 37.32
UBS AG 5.75 12/23/2016 EUR 67.52
UBS AG 8.00 12/22/2017 EUR 58.14
UBS AG 8.75 12/22/2017 EUR 56.19
UBS AG 4.00 12/23/2016 EUR 72.09
UBS AG 4.50 12/23/2016 EUR 69.02
UBS AG 5.50 12/22/2017 EUR 66.30
UBS AG 4.75 12/22/2017 EUR 70.10
UBS AG 12.50 12/23/2016 EUR 44.25
UBS AG 4.00 12/22/2017 EUR 52.38
UBS AG 10.25 12/22/2017 EUR 53.17
UBS AG 11.75 12/22/2017 EUR 51.16
UBS AG 10.25 12/23/2016 EUR 48.74
UBS AG 10.25 12/23/2016 EUR 44.66
UBS AG 5.25 12/22/2017 EUR 69.75
UBS AG 6.00 12/23/2016 EUR 38.70
UBS AG 7.50 12/22/2017 EUR 40.86
UBS AG 13.00 12/22/2017 EUR 67.43
UBS AG 6.75 12/22/2017 EUR 42.56
UBS AG 8.50 12/23/2016 EUR 33.49
UBS AG 9.50 12/22/2017 EUR 50.72
UBS AG 5.75 12/22/2017 EUR 44.43
UBS AG 7.25 12/23/2016 EUR 35.84
UBS AG 7.75 12/22/2017 EUR 59.02
UBS AG 5.75 12/23/2016 EUR 64.58
UBS AG 8.25 12/22/2017 EUR 40.26
UBS AG 4.75 12/23/2016 EUR 43.67
UBS AG 10.50 12/22/2017 EUR 47.76
UBS AG 4.50 12/23/2016 EUR 68.15
UBS AG 4.75 12/22/2017 EUR 71.56
UBS AG 7.75 12/23/2016 EUR 54.64
UBS AG 7.75 12/23/2016 EUR 46.89
UBS AG 5.25 12/23/2016 EUR 69.12
UBS AG 5.00 12/22/2017 EUR 71.80
UBS AG 4.75 12/23/2016 EUR 40.75
UBS AG 6.25 12/22/2017 EUR 41.81
UBS AG 11.50 12/23/2016 EUR 73.06
UBS AG 10.50 12/23/2016 EUR 38.61
UBS AG 5.50 12/23/2016 EUR 35.29
UBS AG 11.25 12/22/2017 EUR 74.94
UBS AG 9.00 12/22/2017 EUR 70.55
UBS AG 6.00 12/23/2016 EUR 58.69
UBS AG 8.25 12/22/2017 EUR 52.59
UBS AG 6.25 12/23/2016 EUR 31.24
UBS AG 4.50 12/22/2017 EUR 48.66
UBS AG 10.50 12/22/2017 EUR 44.22
UBS AG 5.00 12/22/2017 EUR 45.80
UBS AG 9.50 12/23/2016 EUR 45.56
UBS AG 10.50 12/22/2017 EUR 53.87
UBS AG 14.50 12/23/2016 EUR 61.31
UBS AG 6.00 12/23/2016 EUR 58.69
UBS AG 6.75 12/23/2016 EUR 50.09
UBS AG 8.50 12/23/2016 EUR 47.09
UBS AG 9.50 12/22/2017 EUR 47.32
UBS AG 6.50 12/22/2017 EUR 59.16
UBS AG 6.50 12/22/2017 EUR 42.13
Leonteq Securities AG/G 5.75 3/17/2017 CHF 53.85
DekaBank Deutsche Giroz 3.40 3/5/2018 EUR 61.80
Banque Cantonale Vaudoi 4.80 3/10/2017 CHF 65.52
Landesbank Baden-Wuertt 4.20 10/28/2016 EUR 36.38
Landesbank Baden-Wuertt 3.50 10/28/2016 EUR 69.08
Landesbank Baden-Wuertt 3.30 6/22/2018 EUR 49.17
Landesbank Baden-Wuertt 4.15 10/28/2016 EUR 36.75
DekaBank Deutsche Giroz 3.10 2/26/2018 EUR 62.64
Landesbank Baden-Wuertt 3.90 6/23/2017 EUR 64.22
DekaBank Deutsche Giroz 3.10 2/5/2018 EUR 71.43
Lehman Brothers Treasur 5.00 2/15/2018 EUR 0.75
Lehman Brothers Treasur 9.00 5/6/2011 CHF 0.75
Lehman Brothers Treasur 10.60 4/22/2014 MXN 0.75
Lehman Brothers Treasur 16.00 11/9/2008 USD 0.75
Lehman Brothers Treasur 10.00 5/22/2009 USD 0.75
Lehman Brothers Treasur 4.60 8/1/2013 EUR 0.75
Lehman Brothers Treasur 8.00 5/22/2009 USD 0.75
Lehman Brothers Treasur 15.00 6/4/2009 CHF 0.75
Goldman Sachs & Co Wert 15.00 1/25/2017 EUR 73.97
Goldman Sachs & Co Wert 19.00 1/25/2017 EUR 69.79
Goldman Sachs & Co Wert 3.00 1/25/2017 EUR 67.52
Goldman Sachs & Co Wert 7.00 1/25/2017 EUR 53.91
Goldman Sachs & Co Wert 10.00 1/25/2017 EUR 50.62
Goldman Sachs & Co Wert 18.00 1/25/2017 EUR 45.12
Goldman Sachs & Co Wert 4.00 12/20/2017 EUR 63.55
Goldman Sachs & Co Wert 7.00 12/20/2017 EUR 57.89
Goldman Sachs & Co Wert 10.00 12/20/2017 EUR 54.58
Goldman Sachs & Co Wert 11.00 12/20/2017 EUR 54.35
Lehman Brothers Treasur 7.60 3/4/2010 NZD 0.75
Lehman Brothers Treasur 13.50 6/2/2009 USD 0.75
UBS AG/London 5.00 12/9/2016 CHF 73.94
Vontobel Financial Prod 11.50 12/23/2016 EUR 48.12
Lehman Brothers Treasur 12.40 6/12/2009 USD 0.75
UBS AG 13.50 6/13/2017 CHF 69.70
Lehman Brothers Treasur 0.50 6/2/2020 EUR 0.75
Lehman Brothers Treasur 11.00 7/4/2011 USD 0.75
Lehman Brothers Treasur 12.00 7/4/2011 EUR 0.75
Lehman Brothers Treasur 5.50 7/8/2013 EUR 0.75
Lehman Brothers Treasur 7.75 1/3/2012 AUD 0.75
Lehman Brothers Treasur 3.10 6/4/2010 USD 0.75
Lehman Brothers Treasur 2.50 8/15/2012 CHF 0.75
DZ Bank AG Deutsche Zen 15.75 12/23/2016 EUR 69.27
DZ Bank AG Deutsche Zen 12.50 12/23/2016 EUR 72.92
DZ Bank AG Deutsche Zen 8.50 12/23/2016 EUR 66.10
DZ Bank AG Deutsche Zen 5.50 12/23/2016 EUR 74.62
Lehman Brothers Treasur 0.50 8/1/2020 EUR 0.75
Vontobel Financial Prod 11.00 12/23/2016 EUR 68.99
Vontobel Financial Prod 13.00 12/23/2016 EUR 66.17
Lehman Brothers Treasur 6.00 8/7/2013 EUR 0.75
Lehman Brothers Treasur 14.10 11/12/2008 USD 0.75
Vontobel Financial Prod 16.55 12/23/2016 EUR 47.58
Vontobel Financial Prod 16.50 11/25/2016 EUR 47.11
Vontobel Financial Prod 19.00 11/25/2016 EUR 45.83
DZ Bank AG Deutsche Zen 7.25 12/19/2016 EUR 67.74
Landesbank Baden-Wuertt 5.00 12/23/2016 EUR 55.54
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 57.46
Credit Suisse AG/Nassau 7.13 6/26/2017 CHF 63.12
Lehman Brothers Treasur 2.30 6/6/2013 USD 0.75
Vontobel Financial Prod 6.50 12/23/2016 EUR 73.23
Vontobel Financial Prod 18.00 12/23/2016 EUR 60.07
Vontobel Financial Prod 11.50 12/23/2016 EUR 65.48
DZ Bank AG Deutsche Zen 7.40 12/19/2016 EUR 70.44
DZ Bank AG Deutsche Zen 6.60 3/20/2017 EUR 71.50
DZ Bank AG Deutsche Zen 5.00 3/20/2017 EUR 65.82
Lehman Brothers Treasur 8.80 12/27/2009 EUR 0.75
Lehman Brothers Treasur 11.00 12/20/2017 AUD 0.75
Lehman Brothers Treasur 4.00 1/4/2011 USD 0.75
Lehman Brothers Treasur 9.30 12/21/2010 EUR 0.75
Lehman Brothers Treasur 0.50 12/20/2017 USD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 USD 0.75
Goldman Sachs & Co Wert 17.00 1/25/2017 EUR 71.99
Lehman Brothers Treasur 5.38 2/4/2014 USD 0.75
Lehman Brothers Treasur 13.00 2/16/2009 CHF 0.75
UBS AG/London 16.40 11/11/2016 EUR 63.11
Deutsche Bank AG 8.20 3/21/2017 EUR 72.30
Immigon Portfolioabbau 5.21 2/13/2026 EUR 71.75
HSBC Trinkaus & Burkhar 4.00 6/16/2017 EUR 53.18
Lehman Brothers Treasur 1.00 2/26/2010 USD 0.75
Vontobel Financial Prod 4.00 11/9/2017 EUR 55.57
Lehman Brothers Treasur 8.00 10/17/2014 EUR 0.75
Bank Julius Baer & Co L 10.60 12/9/2016 CHF 59.05
DZ Bank AG Deutsche Zen 6.00 12/23/2016 EUR 72.27
HSBC Trinkaus & Burkhar 13.70 12/23/2016 EUR 73.44
HSBC Trinkaus & Burkhar 11.60 12/23/2016 EUR 72.78
HSBC Trinkaus & Burkhar 9.20 6/23/2017 EUR 65.42
HSBC Trinkaus & Burkhar 11.50 12/23/2016 EUR 74.99
HSBC Trinkaus & Burkhar 12.60 3/24/2017 EUR 66.02
HSBC Trinkaus & Burkhar 9.40 1/27/2017 EUR 69.79
HSBC Trinkaus & Burkhar 14.40 12/23/2016 EUR 63.34
Lehman Brothers Treasur 9.50 4/1/2018 USD 0.75
Landesbank Baden-Wuertt 3.60 11/22/2019 EUR 73.65
Leonteq Securities AG 8.00 12/14/2016 EUR 69.43
Lehman Brothers Treasur 6.45 2/20/2010 AUD 0.75
Goldman Sachs & Co Wert 21.00 11/23/2016 EUR 71.39
Goldman Sachs & Co Wert 18.00 1/25/2017 EUR 74.12
Lehman Brothers Treasur 3.45 5/23/2013 USD 0.75
Goldman Sachs & Co Wert 15.00 1/25/2017 EUR 70.31
Goldman Sachs & Co Wert 8.00 1/25/2017 EUR 72.57
Goldman Sachs & Co Wert 19.00 1/25/2017 EUR 58.93
Goldman Sachs & Co Wert 8.00 12/20/2017 EUR 70.91
Goldman Sachs & Co Wert 12.00 12/20/2017 EUR 66.48
Lehman Brothers Treasur 11.00 12/20/2017 AUD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 AUD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 AUD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 AUD 0.75
Lehman Brothers Treasur 8.00 12/31/2010 USD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 USD 0.75
Lehman Brothers Treasur 0.50 12/20/2017 USD 0.75
Lehman Brothers Treasur 10.00 2/16/2009 CHF 0.75
UBS AG/London 12.70 5/12/2017 EUR 73.81
Lehman Brothers Treasur 7.00 2/15/2010 CHF 0.75
Vontobel Financial Prod 20.45 10/5/2016 EUR 63.32
Lehman Brothers Treasur 8.00 3/21/2018 USD 0.75
DZ Bank AG Deutsche Zen 7.00 12/23/2016 EUR 74.61
DZ Bank AG Deutsche Zen 9.10 12/23/2016 EUR 73.06
DZ Bank AG Deutsche Zen 11.10 12/23/2016 EUR 64.61
DZ Bank AG Deutsche Zen 8.60 12/23/2016 EUR 64.21
HSBC Trinkaus & Burkhar 11.60 3/24/2017 EUR 73.15
HSBC Trinkaus & Burkhar 10.40 1/27/2017 EUR 63.55
HSBC Trinkaus & Burkhar 11.80 3/24/2017 EUR 74.54
HSBC Trinkaus & Burkhar 7.60 3/24/2017 EUR 73.38
Lehman Brothers Treasur 7.05 4/8/2015 USD 0.75
Lehman Brothers Treasur 7.80 3/31/2018 USD 0.75
HSBC Trinkaus & Burkhar 11.40 12/23/2016 EUR 69.23
Lehman Brothers Treasur 6.00 3/4/2015 USD 0.75
Lehman Brothers Treasur 7.15 3/21/2013 USD 0.75
Lehman Brothers Treasur 3.50 6/20/2011 EUR 0.75
Vontobel Financial Prod 14.15 12/23/2016 EUR 66.84
Vontobel Financial Prod 9.55 12/23/2016 EUR 72.79
Lehman Brothers Treasur 7.60 1/31/2013 AUD 0.75
Lehman Brothers Treasur 5.50 6/22/2010 USD 11.88
Lehman Brothers Treasur 10.00 10/22/2008 USD 0.75
Lehman Brothers Treasur 6.60 5/23/2012 AUD 0.75
Goldman Sachs & Co Wert 19.00 1/25/2017 EUR 67.28
Goldman Sachs & Co Wert 12.00 12/20/2017 EUR 74.78
Goldman Sachs & Co Wert 13.00 1/25/2017 EUR 72.93
Goldman Sachs & Co Wert 17.00 1/25/2017 EUR 68.53
Goldman Sachs & Co Wert 7.00 1/25/2017 EUR 73.76
Goldman Sachs & Co Wert 15.00 1/25/2017 EUR 62.37
Goldman Sachs & Co Wert 6.00 12/20/2017 EUR 74.12
Goldman Sachs & Co Wert 10.00 12/20/2017 EUR 68.37
UBS AG 5.00 12/22/2017 EUR 66.44
UBS AG 7.00 12/23/2016 EUR 38.85
UBS AG 4.50 12/22/2017 EUR 42.70
DekaBank Deutsche Giroz 3.40 4/9/2018 EUR 41.32
UBS AG 9.50 12/23/2016 EUR 41.72
UBS AG 10.25 12/23/2016 EUR 30.85
UniCredit Bank AG 4.10 9/28/2018 EUR 60.47
DekaBank Deutsche Giroz 3.10 5/5/2017 EUR 55.73
DekaBank Deutsche Giroz 3.00 4/16/2018 EUR 68.37
UBS AG/London 5.00 8/14/2017 CHF 51.00
Landesbank Baden-Wuertt 3.60 6/23/2017 EUR 64.09
UBS AG/London 13.75 12/23/2016 EUR 57.28
DekaBank Deutsche Giroz 3.15 5/18/2018 EUR 61.01
Notenstein La Roche Pri 6.50 7/2/2018 USD 56.75
DekaBank Deutsche Giroz 3.00 6/12/2018 EUR 59.31
UBS AG 9.00 7/3/2017 CHF 64.94
EFG International Finan 5.00 8/15/2017 CHF 60.39
UBS AG/London 4.25 12/23/2016 EUR 60.02
UBS AG/London 4.50 12/22/2017 EUR 56.75
UBS AG/London 7.50 12/23/2016 EUR 61.95
UBS AG/London 6.00 12/23/2016 EUR 46.90
UBS AG/London 7.00 12/22/2017 EUR 66.64
UBS AG/London 13.25 12/23/2016 EUR 71.05
UBS AG/London 7.00 12/22/2017 EUR 49.37
UBS AG/London 14.00 12/23/2016 EUR 38.12
UBS AG/London 11.00 12/23/2016 EUR 38.26
UBS AG/London 5.00 12/23/2016 EUR 50.59
UBS AG/London 4.00 12/22/2017 EUR 55.90
UBS AG/London 4.00 12/22/2017 EUR 62.10
UBS AG/London 5.50 12/23/2016 EUR 48.66
UBS AG/London 6.75 12/23/2016 EUR 52.57
UBS AG/London 12.25 12/23/2016 EUR 36.50
UBS AG/London 12.50 12/22/2017 EUR 72.83
UBS AG/London 9.50 12/22/2017 EUR 57.69
UBS AG/London 4.25 12/23/2016 EUR 52.64
UBS AG/London 9.00 12/22/2017 EUR 46.88
UBS AG/London 5.00 12/23/2016 EUR 41.66
UBS AG/London 8.25 12/23/2016 EUR 42.62
UBS AG/London 6.75 12/23/2016 EUR 45.35
UBS AG/London 5.75 12/22/2017 EUR 52.40
UBS AG/London 5.00 12/22/2017 EUR 59.39
UBS AG/London 6.25 12/22/2017 EUR 51.45
UBS AG/London 9.00 12/23/2016 EUR 57.12
UBS AG/London 5.00 12/22/2017 EUR 55.29
UBS AG/London 5.50 12/23/2016 EUR 73.43
UBS AG/London 7.75 12/22/2017 EUR 53.29
EFG International Finan 5.00 8/15/2017 CHF 73.57
Notenstein La Roche Pri 5.00 8/29/2018 CHF 59.01
JP Morgan Structured Pr 4.05 8/29/2017 EUR 33.02
Leonteq Securities AG/G 4.40 8/28/2017 CHF 68.20
Notenstein La Roche Pri 5.04 8/28/2017 CHF 68.38
Notenstein La Roche Pri 5.00 9/5/2018 CHF 60.77
Leonteq Securities AG/G 4.68 8/29/2017 CHF 70.87
Leonteq Securities AG 6.00 9/26/2016 CHF 54.31
Leonteq Securities AG 7.20 9/26/2016 EUR 66.40
Credit Suisse AG/Nassau 6.25 9/26/2016 CHF 54.14
Notenstein La Roche Pri 7.50 9/26/2016 EUR 71.17
Notenstein La Roche Pri 7.00 9/26/2016 CHF 74.73
Notenstein La Roche Pri 7.00 9/26/2016 CHF 56.59
Notenstein La Roche Pri 6.50 9/26/2016 CHF 72.27
Notenstein La Roche Pri 5.50 9/26/2016 CHF 49.27
Notenstein La Roche Pri 5.00 9/26/2016 CHF 50.24
Goldman Sachs & Co Wert 3.00 1/25/2017 EUR 63.93
Goldman Sachs & Co Wert 4.00 1/25/2017 EUR 61.00
Goldman Sachs & Co Wert 6.00 1/25/2017 EUR 56.03
Goldman Sachs & Co Wert 8.00 1/25/2017 EUR 52.01
Goldman Sachs & Co Wert 14.00 1/25/2017 EUR 46.70
Goldman Sachs & Co Wert 3.00 12/20/2017 EUR 67.98
Goldman Sachs & Co Wert 3.00 12/20/2017 EUR 71.03
Goldman Sachs & Co Wert 5.00 12/20/2017 EUR 59.77
Goldman Sachs & Co Wert 6.00 12/20/2017 EUR 58.75
Goldman Sachs & Co Wert 7.00 12/20/2017 EUR 55.94
Goldman Sachs & Co Wert 8.00 12/20/2017 EUR 55.36
Goldman Sachs & Co Wert 11.00 12/20/2017 EUR 52.98
Goldman Sachs & Co Wert 3.00 12/20/2017 EUR 65.07
Goldman Sachs & Co Wert 15.00 1/25/2017 EUR 74.61
Goldman Sachs & Co Wert 18.00 1/25/2017 EUR 71.29
Lehman Brothers Treasur 17.00 6/2/2009 USD 0.75
Lehman Brothers Treasur 23.30 9/16/2008 USD 0.75
Lehman Brothers Treasur 3.00 6/3/2010 EUR 0.75
Leonteq Securities AG 8.80 6/21/2017 CHF 68.23
Lehman Brothers Treasur 10.00 6/17/2009 USD 0.75
Strommen Sparebank 2.28 NOK 35.28
Commerzbank AG 3.60 12/14/2016 EUR 61.28
Commerzbank AG 3.70 6/14/2017 EUR 62.66
Lehman Brothers Treasur 11.00 7/4/2011 CHF 0.75
DZ Bank AG Deutsche Zen 5.00 12/12/2016 EUR 52.38
DZ Bank AG Deutsche Zen 6.20 12/19/2016 EUR 72.82
Lehman Brothers Treasur 16.00 12/26/2008 USD 0.75
Lehman Brothers Treasur 0.50 7/2/2020 EUR 0.75
DZ Bank AG Deutsche Zen 7.25 12/23/2016 EUR 46.44
Lehman Brothers Treasur 13.15 10/30/2008 USD 0.75
Zurcher Kantonalbank Fi 8.50 12/22/2016 CHF 71.74
Vontobel Financial Prod 15.50 12/23/2016 EUR 63.77
Lehman Brothers Treasur 6.25 9/5/2011 EUR 0.75
Notenstein La Roche Pri 9.68 6/15/2017 CHF 67.19
Vontobel Financial Prod 15.50 12/23/2016 EUR 48.19
Vontobel Financial Prod 14.50 11/25/2016 EUR 48.60
DZ Bank AG Deutsche Zen 7.25 12/19/2016 EUR 51.57
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 74.64
Lehman Brothers Treasur 5.25 7/8/2014 EUR 0.75
Landesbank Baden-Wuertt 6.00 12/23/2016 EUR 73.78
Lehman Brothers Treasur 4.00 8/11/2010 USD 11.88
Landesbank Baden-Wuertt 3.00 12/23/2016 EUR 60.03
Lehman Brothers Treasur 7.50 5/30/2010 AUD 0.75
Lehman Brothers Treasur 4.30 6/4/2012 USD 0.75
Lehman Brothers Treasur 4.00 6/5/2011 USD 0.75
Vontobel Financial Prod 21.00 12/23/2016 EUR 57.85
Vontobel Financial Prod 8.55 12/23/2016 EUR 68.96
DZ Bank AG Deutsche Zen 5.60 3/20/2017 EUR 73.11
DZ Bank AG Deutsche Zen 5.10 12/19/2016 EUR 58.93
DZ Bank AG Deutsche Zen 6.30 12/19/2016 EUR 57.27
DZ Bank AG Deutsche Zen 5.50 3/20/2017 EUR 64.04
BAWAG PSK Versicherungs 1.33 EUR 46.07
Leonteq Securities AG 10.60 12/29/2016 EUR 43.94
UBS AG 5.00 12/23/2016 EUR 38.33
UBS AG 9.00 12/23/2016 EUR 30.52
UBS AG 5.00 12/22/2017 EUR 48.53
UBS AG 4.75 12/22/2017 EUR 71.25
Landesbank Baden-Wuertt 3.05 6/22/2018 EUR 52.61
HSBC Trinkaus & Burkhar 6.00 12/6/2016 EUR 51.70
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 71.03
UBS AG/London 11.75 12/23/2016 EUR 71.70
DekaBank Deutsche Giroz 3.65 5/18/2018 EUR 65.45
Credit Suisse AG/London 7.00 11/23/2016 CHF 74.24
Vontobel Financial Prod 14.50 12/23/2016 EUR 72.14
Credit Suisse AG/London 7.25 11/23/2016 CHF 58.31
Commerzbank AG 12.50 10/27/2016 EUR 73.90
Commerzbank AG 10.25 10/27/2016 EUR 73.19
Commerzbank AG 12.50 10/27/2016 EUR 69.76
DZ Bank AG Deutsche Zen 5.00 11/25/2016 EUR 59.20
Vontobel Financial Prod 3.05 10/28/2016 EUR 56.93
Vontobel Financial Prod 5.05 10/28/2016 EUR 51.95
Vontobel Financial Prod 4.00 12/23/2016 EUR 54.96
Vontobel Financial Prod 5.00 12/23/2016 EUR 52.75
Vontobel Financial Prod 6.05 12/23/2016 EUR 50.76
Vontobel Financial Prod 7.15 12/23/2016 EUR 48.97
Vontobel Financial Prod 8.50 12/23/2016 EUR 47.40
Vontobel Financial Prod 10.00 12/23/2016 EUR 46.01
Vontobel Financial Prod 10.00 11/25/2016 EUR 65.53
Landesbank Baden-Wuertt 2.00 11/25/2016 EUR 57.37
Landesbank Baden-Wuertt 3.00 11/25/2016 EUR 53.91
Landesbank Baden-Wuertt 4.00 11/25/2016 EUR 51.90
Landesbank Baden-Wuertt 4.50 11/25/2016 EUR 69.99
Landesbank Baden-Wuertt 5.00 11/25/2016 EUR 49.85
Deutsche Bank AG 6.50 12/20/2016 EUR 48.62
DZ Bank AG Deutsche Zen 5.80 12/19/2016 EUR 68.93
DZ Bank AG Deutsche Zen 4.70 12/19/2016 EUR 52.70
Vontobel Financial Prod 14.00 12/23/2016 EUR 72.99
UniCredit Bank AG 5.05 12/22/2016 EUR 74.66
UniCredit Bank AG 5.15 12/22/2016 EUR 73.26
UniCredit Bank AG 5.10 12/22/2016 EUR 73.95
UniCredit Bank AG 5.20 12/22/2016 EUR 72.56
UBS AG/London 7.00 11/18/2016 CHF 73.14
Goldman Sachs & Co Wert 19.00 10/26/2016 EUR 70.04
Goldman Sachs & Co Wert 18.00 11/23/2016 EUR 71.41
Goldman Sachs & Co Wert 23.00 11/23/2016 EUR 66.51
Goldman Sachs & Co Wert 21.00 12/21/2016 EUR 67.76
Goldman Sachs & Co Wert 16.00 6/21/2017 EUR 72.71
Goldman Sachs & Co Wert 22.00 10/26/2016 EUR 74.17
HSBC Trinkaus & Burkhar 11.10 3/24/2017 EUR 62.71
HSBC Trinkaus & Burkhar 7.90 6/23/2017 EUR 67.26
HSBC Trinkaus & Burkhar 8.60 1/27/2017 EUR 65.92
HSBC Trinkaus & Burkhar 9.70 12/23/2016 EUR 47.79
HSBC Trinkaus & Burkhar 6.80 12/23/2016 EUR 51.04
HSBC Trinkaus & Burkhar 7.00 6/23/2017 EUR 52.40
HSBC Trinkaus & Burkhar 7.90 1/27/2017 EUR 50.00
HSBC Trinkaus & Burkhar 14.50 12/23/2016 EUR 65.91
HSBC Trinkaus & Burkhar 12.70 3/24/2017 EUR 68.58
HSBC Trinkaus & Burkhar 10.50 3/24/2017 EUR 71.72
HSBC Trinkaus & Burkhar 9.60 1/27/2017 EUR 72.98
Leonteq Securities AG 14.00 11/30/2016 CHF 65.05
Leonteq Securities AG 10.20 11/30/2016 CHF 61.30
Bank Julius Baer & Co L 6.00 11/25/2016 EUR 73.90
DZ Bank AG Deutsche Zen 5.70 12/19/2016 EUR 55.43
DZ Bank AG Deutsche Zen 5.40 3/20/2017 EUR 56.67
DZ Bank AG Deutsche Zen 6.00 3/20/2017 EUR 55.16
DZ Bank AG Deutsche Zen 6.50 3/20/2017 EUR 72.17
DZ Bank AG Deutsche Zen 7.30 3/20/2017 EUR 70.42
Vontobel Financial Prod 9.00 12/23/2016 EUR 62.52
Vontobel Financial Prod 10.00 12/23/2016 EUR 74.23
Vontobel Financial Prod 8.00 12/23/2016 EUR 73.71
Zurcher Kantonalbank Fi 10.00 12/1/2016 EUR 70.72
DZ Bank AG Deutsche Zen 10.00 12/23/2016 EUR 74.65
DZ Bank AG Deutsche Zen 10.00 12/23/2016 EUR 70.40
DZ Bank AG Deutsche Zen 4.00 12/23/2016 EUR 61.40
DZ Bank AG Deutsche Zen 6.00 12/23/2016 EUR 61.87
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 59.83
DZ Bank AG Deutsche Zen 4.00 3/24/2017 EUR 62.26
DZ Bank AG Deutsche Zen 6.00 3/24/2017 EUR 63.24
DZ Bank AG Deutsche Zen 6.00 12/23/2016 EUR 49.08
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 66.01
DZ Bank AG Deutsche Zen 7.40 11/23/2016 EUR 52.11
DZ Bank AG Deutsche Zen 7.00 11/25/2016 EUR 68.47
DZ Bank AG Deutsche Zen 12.00 11/25/2016 EUR 62.33
DZ Bank AG Deutsche Zen 6.25 11/25/2016 EUR 53.10
DZ Bank AG Deutsche Zen 9.75 11/25/2016 EUR 49.12
DZ Bank AG Deutsche Zen 7.75 12/23/2016 EUR 49.39
DZ Bank AG Deutsche Zen 6.25 3/24/2017 EUR 50.59
DZ Bank AG Deutsche Zen 5.25 12/23/2016 EUR 52.21
DZ Bank AG Deutsche Zen 5.00 3/24/2017 EUR 54.51
DZ Bank AG Deutsche Zen 8.00 11/25/2016 EUR 72.85
DZ Bank AG Deutsche Zen 14.75 11/25/2016 EUR 67.93
DZ Bank AG Deutsche Zen 10.75 11/25/2016 EUR 68.13
Bank Julius Baer & Co L 6.85 12/5/2016 CHF 60.15
Notenstein La Roche Pri 7.11 11/25/2016 EUR 48.30
Credit Suisse AG/Nassau 8.00 12/5/2016 EUR 72.69
DZ Bank AG Deutsche Zen 7.25 12/19/2016 EUR 48.16
DZ Bank AG Deutsche Zen 8.00 12/19/2016 EUR 74.83
DZ Bank AG Deutsche Zen 7.00 12/19/2016 EUR 74.60
DZ Bank AG Deutsche Zen 9.25 12/19/2016 EUR 48.62
DZ Bank AG Deutsche Zen 7.25 12/19/2016 EUR 62.09
Rosbank PJSC 0.02 4/30/2024 RUB 60.06
Vontobel Financial Prod 6.50 12/23/2016 EUR 49.35
Commerzbank AG 8.50 12/22/2016 EUR 53.01
DZ Bank AG Deutsche Zen 5.00 12/29/2016 EUR 63.20
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 66.23
Commerzbank AG 7.75 12/22/2016 EUR 72.29
Commerzbank AG 5.75 12/22/2016 EUR 53.92
Commerzbank AG 7.25 12/22/2016 EUR 51.24
Commerzbank AG 10.50 12/22/2016 EUR 46.79
Commerzbank AG 11.75 12/22/2016 EUR 72.69
DZ Bank AG Deutsche Zen 5.25 1/27/2017 EUR 73.19
Bank Julius Baer & Co L 11.60 1/5/2017 CHF 41.85
Lehman Brothers Treasur 5.12 4/30/2027 EUR 0.75
Lehman Brothers Treasur 7.75 2/21/2016 EUR 0.75
UBS AG/London 12.50 1/3/2017 CHF 59.65
Lehman Brothers Treasur 8.00 12/27/2032 JPY 0.75
DZ Bank AG Deutsche Zen 5.25 3/24/2017 EUR 73.31
DZ Bank AG Deutsche Zen 9.50 1/27/2017 EUR 68.53
DZ Bank AG Deutsche Zen 6.75 3/24/2017 EUR 53.11
DZ Bank AG Deutsche Zen 5.80 1/25/2017 EUR 57.39
DZ Bank AG Deutsche Zen 10.00 12/23/2016 EUR 73.29
Lehman Brothers Treasur 0.01 9/20/2011 USD 0.75
Vontobel Financial Prod 22.05 12/23/2016 EUR 45.76
Vontobel Financial Prod 10.00 11/25/2016 EUR 54.34
Vontobel Financial Prod 3.55 11/25/2016 EUR 67.23
Vontobel Financial Prod 4.50 11/25/2016 EUR 63.70
Vontobel Financial Prod 5.50 11/25/2016 EUR 60.55
Vontobel Financial Prod 8.50 11/25/2016 EUR 56.67
Vontobel Financial Prod 5.00 12/23/2016 EUR 62.45
Vontobel Financial Prod 3.50 12/23/2016 EUR 67.43
Vontobel Financial Prod 8.00 12/23/2016 EUR 57.24
Vontobel Financial Prod 11.55 12/23/2016 EUR 53.18
Vontobel Financial Prod 14.55 12/23/2016 EUR 50.74
DZ Bank AG Deutsche Zen 8.70 12/23/2016 EUR 74.33
DZ Bank AG Deutsche Zen 9.30 3/24/2017 EUR 73.30
DZ Bank AG Deutsche Zen 7.40 12/23/2016 EUR 58.40
DZ Bank AG Deutsche Zen 6.60 3/24/2017 EUR 59.78
DZ Bank AG Deutsche Zen 7.80 3/24/2017 EUR 58.13
Vontobel Financial Prod 8.50 12/23/2016 EUR 69.15
Vontobel Financial Prod 10.50 12/23/2016 EUR 52.93
DZ Bank AG Deutsche Zen 4.00 3/24/2017 EUR 55.20
Lehman Brothers Treasur 13.00 12/14/2012 USD 0.75
DZ Bank AG Deutsche Zen 7.00 12/19/2016 EUR 69.56
DZ Bank AG Deutsche Zen 8.25 12/19/2016 EUR 55.19
Lehman Brothers Treasur 5.25 4/1/2023 EUR 0.75
WGZ-Bank AG Westdeutsch 5.00 6/6/2017 EUR 52.10
Commerzbank AG 8.75 12/22/2016 EUR 72.63
Commerzbank AG 10.25 12/22/2016 EUR 70.07
Commerzbank AG 12.00 12/22/2016 EUR 67.84
Commerzbank AG 4.75 12/22/2016 EUR 59.50
Commerzbank AG 6.75 12/22/2016 EUR 56.24
Commerzbank AG 7.50 12/22/2016 EUR 55.28
Commerzbank AG 10.00 12/22/2016 EUR 74.50
Commerzbank AG 11.75 12/22/2016 EUR 71.31
Commerzbank AG 11.75 12/22/2016 EUR 71.96
UBS AG/London 6.50 3/24/2017 EUR 59.92
UBS AG/London 7.50 3/24/2017 EUR 74.82
UBS AG/London 9.50 3/24/2017 EUR 71.39
Goldman Sachs & Co Wert 9.00 12/20/2017 EUR 61.93
Goldman Sachs & Co Wert 24.00 11/23/2016 EUR 69.07
Goldman Sachs & Co Wert 24.00 10/26/2016 EUR 45.54
Goldman Sachs & Co Wert 22.00 1/25/2017 EUR 68.79
Vontobel Financial Prod 12.00 11/25/2016 EUR 52.32
Vontobel Financial Prod 14.00 11/25/2016 EUR 50.49
Vontobel Financial Prod 6.55 12/23/2016 EUR 59.71
Vontobel Financial Prod 4.00 11/25/2016 EUR 65.41
Vontobel Financial Prod 5.00 11/25/2016 EUR 62.08
Vontobel Financial Prod 6.60 11/25/2016 EUR 59.20
Vontobel Financial Prod 5.60 12/23/2016 EUR 61.00
Vontobel Financial Prod 4.50 12/23/2016 EUR 64.02
Vontobel Financial Prod 4.05 12/23/2016 EUR 65.69
Vontobel Financial Prod 9.50 12/23/2016 EUR 55.03
Vontobel Financial Prod 13.50 12/23/2016 EUR 51.50
WGZ-Bank AG Westdeutsch 2.75 3/29/2017 EUR 71.90
WGZ-Bank AG Westdeutsch 5.50 3/29/2017 EUR 72.43
DZ Bank AG Deutsche Zen 10.60 12/23/2016 EUR 71.69
DZ Bank AG Deutsche Zen 11.00 3/24/2017 EUR 71.16
DZ Bank AG Deutsche Zen 9.00 12/23/2016 EUR 56.51
DZ Bank AG Deutsche Zen 5.30 12/19/2016 EUR 61.35
DZ Bank AG Deutsche Zen 5.20 3/20/2017 EUR 62.49
EFG International Finan 8.32 12/21/2016 CHF 66.44
Lehman Brothers Treasur 6.70 4/21/2011 USD 0.75
Lehman Brothers Treasur 3.00 9/12/2036 JPY 11.88
Lehman Brothers Treasur 4.82 12/18/2036 EUR 0.75
WGZ-Bank AG Westdeutsch 6.50 3/29/2017 EUR 69.81
EFG International Finan 9.65 12/22/2016 EUR 55.72
Commerzbank AG 8.00 12/22/2016 EUR 73.96
Commerzbank AG 9.50 12/22/2016 EUR 71.36
Commerzbank AG 11.25 12/22/2016 EUR 68.96
Commerzbank AG 4.25 12/22/2016 EUR 60.73
Commerzbank AG 5.25 12/22/2016 EUR 58.33
Commerzbank AG 6.00 12/22/2016 EUR 57.24
Commerzbank AG 8.25 12/22/2016 EUR 54.37
Commerzbank AG 9.00 12/22/2016 EUR 53.50
UBS AG/London 7.00 12/23/2016 EUR 49.24
UBS AG/London 9.75 3/24/2017 EUR 47.72
UBS AG/London 7.00 3/24/2017 EUR 51.00
UBS AG/London 9.00 3/24/2017 EUR 74.02
UBS AG/London 7.00 12/23/2016 EUR 58.47
Goldman Sachs & Co Wert 10.00 1/25/2017 EUR 54.79
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 54.84
Goldman Sachs & Co Wert 21.00 12/21/2016 EUR 48.54
DZ Bank AG Deutsche Zen 6.00 12/23/2016 EUR 46.70
DZ Bank AG Deutsche Zen 5.25 3/24/2017 EUR 48.97
Deutsche Bank AG 6.20 10/26/2016 EUR 66.70
Deutsche Bank AG 6.20 10/26/2016 EUR 63.40
Deutsche Bank AG 4.20 10/26/2016 EUR 63.20
Deutsche Bank AG 6.20 10/26/2016 EUR 60.40
Deutsche Bank AG 6.20 11/23/2016 EUR 67.20
Deutsche Bank AG 4.20 11/23/2016 EUR 66.80
Deutsche Bank AG 4.20 11/23/2016 EUR 63.50
Deutsche Bank AG 6.20 11/23/2016 EUR 63.90
Deutsche Bank AG 6.20 11/23/2016 EUR 60.90
Deutsche Bank AG 6.20 10/26/2016 EUR 46.00
Deutsche Bank AG 3.20 10/26/2016 EUR 66.40
Deutsche Bank AG 3.20 11/23/2016 EUR 70.30
Deutsche Bank AG 3.20 11/23/2016 EUR 66.70
Deutsche Bank AG 3.20 11/23/2016 EUR 54.70
Deutsche Bank AG 3.20 11/23/2016 EUR 52.20
Deutsche Bank AG 3.20 11/23/2016 EUR 50.00
Deutsche Bank AG 7.20 10/26/2016 EUR 60.50
Deutsche Bank AG 7.20 11/23/2016 EUR 61.00
Deutsche Bank AG 7.20 12/20/2016 EUR 61.60
Deutsche Bank AG 7.20 3/21/2017 EUR 63.30
Deutsche Bank AG 7.20 10/26/2016 EUR 46.10
Deutsche Bank AG 7.20 11/23/2016 EUR 46.70
Deutsche Bank AG 9.20 10/26/2016 EUR 60.70
Deutsche Bank AG 9.20 11/23/2016 EUR 61.40
Deutsche Bank AG 9.20 12/20/2016 EUR 62.10
Deutsche Bank AG 9.20 3/21/2017 EUR 64.30
Deutsche Bank AG 9.20 10/26/2016 EUR 44.60
Deutsche Bank AG 9.20 11/23/2016 EUR 45.30
Deutsche Bank AG 9.20 3/21/2017 EUR 48.30
DZ Bank AG Deutsche Zen 7.00 12/23/2016 EUR 74.68
HSBC Trinkaus & Burkhar 14.00 12/23/2016 EUR 70.04
HSBC Trinkaus & Burkhar 12.00 12/23/2016 EUR 72.70
HSBC Trinkaus & Burkhar 10.90 10/28/2016 EUR 74.27
Bank Julius Baer & Co L 12.60 11/17/2016 CHF 33.75
Vontobel Financial Prod 9.65 12/23/2016 EUR 62.37
Vontobel Financial Prod 8.05 12/23/2016 EUR 64.98
Vontobel Financial Prod 6.50 12/23/2016 EUR 67.91
DZ Bank AG Deutsche Zen 7.00 12/19/2016 EUR 74.60
DZ Bank AG Deutsche Zen 7.00 12/19/2016 EUR 60.15
Goldman Sachs & Co Wert 21.00 11/23/2016 EUR 64.25
Goldman Sachs & Co Wert 18.00 11/23/2016 EUR 55.41
Goldman Sachs & Co Wert 21.00 12/21/2016 EUR 53.47
Goldman Sachs & Co Wert 21.00 11/23/2016 EUR 38.76
Goldman Sachs & Co Wert 22.00 11/23/2016 EUR 64.96
Goldman Sachs & Co Wert 21.00 12/21/2016 EUR 66.40
Deutsche Bank AG 5.20 10/26/2016 EUR 70.30
Deutsche Bank AG 5.20 10/26/2016 EUR 66.60
Deutsche Bank AG 5.20 10/26/2016 EUR 60.30
Deutsche Bank AG 5.20 11/23/2016 EUR 70.70
Deutsche Bank AG 5.20 11/23/2016 EUR 67.00
Deutsche Bank AG 5.20 11/23/2016 EUR 60.70
Deutsche Bank AG 5.20 3/21/2017 EUR 62.30
Deutsche Bank AG 5.20 10/26/2016 EUR 47.80
Deutsche Bank AG 5.20 10/26/2016 EUR 46.00
Deutsche Bank AG 5.20 11/23/2016 EUR 48.20
Deutsche Bank AG 5.20 11/23/2016 EUR 46.30
Deutsche Bank AG 5.20 3/21/2017 EUR 56.70
Deutsche Bank AG 5.20 10/26/2016 EUR 74.90
Deutsche Bank AG 5.50 12/20/2016 EUR 74.00
Deutsche Bank AG 6.50 12/20/2016 EUR 74.30
Deutsche Bank AG 6.50 12/20/2016 EUR 70.80
Deutsche Bank AG 5.50 12/20/2016 EUR 70.60
Deutsche Bank AG 5.50 3/21/2017 EUR 71.80
Deutsche Bank AG 6.50 3/21/2017 EUR 72.30
Deutsche Bank AG 6.50 12/20/2016 EUR 73.50
Deutsche Bank AG 5.50 12/20/2016 EUR 73.30
Bank Julius Baer & Co L 11.35 11/18/2016 CHF 36.30
Bank Julius Baer & Co L 7.10 11/18/2016 EUR 61.65
Bank Julius Baer & Co L 5.50 11/18/2016 CHF 74.10
UBS AG/London 9.00 11/11/2016 CHF 48.39
Vontobel Financial Prod 10.50 10/28/2016 EUR 73.91
Vontobel Financial Prod 11.00 12/23/2016 EUR 72.88
Vontobel Financial Prod 13.00 12/23/2016 EUR 70.76
Leonteq Securities AG 7.40 11/20/2017 EUR 63.03
Property Lease Fund SA 9.00 12/23/2016 PLN 42.00
Bank J Safra Sarasin AG 8.30 11/11/2016 CHF 72.73
Credit Suisse AG/Nassau 8.00 11/24/2016 CHF 70.31
Vontobel Financial Prod 12.00 12/23/2016 EUR 43.37
Vontobel Financial Prod 10.50 12/23/2016 EUR 44.51
Vontobel Financial Prod 9.00 12/23/2016 EUR 48.39
Vontobel Financial Prod 7.00 12/23/2016 EUR 73.91
Vontobel Financial Prod 6.50 12/23/2016 EUR 74.26
Vontobel Financial Prod 12.55 12/23/2016 EUR 74.84
Vontobel Financial Prod 15.00 12/23/2016 EUR 72.17
Vontobel Financial Prod 16.00 12/23/2016 EUR 74.32
UniCredit Bank AG 7.00 12/28/2016 EUR 67.78
Commerzbank AG 8.50 11/24/2016 EUR 74.36
Commerzbank AG 8.50 11/24/2016 EUR 48.97
Commerzbank AG 13.50 10/27/2016 EUR 74.52
Deutsche Bank AG 5.20 6/20/2017 EUR 75.00
Deutsche Bank AG 5.20 6/20/2017 EUR 74.50
Deutsche Bank AG 7.20 6/20/2017 EUR 72.60
Deutsche Bank AG 5.20 6/20/2017 EUR 71.10
Deutsche Bank AG 7.20 6/20/2017 EUR 69.40
Deutsche Bank AG 5.20 6/20/2017 EUR 67.90
Deutsche Bank AG 5.20 6/20/2017 EUR 64.90
Deutsche Bank AG 7.20 6/20/2017 EUR 66.40
Deutsche Bank AG 5.20 6/20/2017 EUR 62.10
Deutsche Bank AG 7.20 6/20/2017 EUR 63.60
Deutsche Bank AG 5.20 3/21/2017 EUR 59.30
Deutsche Bank AG 7.20 3/21/2017 EUR 60.30
Deutsche Bank AG 7.20 3/21/2017 EUR 57.70
Deutsche Bank AG 7.20 3/21/2017 EUR 55.20
Deutsche Bank AG 7.20 3/21/2017 EUR 53.00
Deutsche Bank AG 7.20 6/20/2017 EUR 61.80
Deutsche Bank AG 5.20 6/20/2017 EUR 57.70
Deutsche Bank AG 7.20 6/20/2017 EUR 59.60
Deutsche Bank AG 5.20 6/20/2017 EUR 55.30
Deutsche Bank AG 7.20 6/20/2017 EUR 56.80
Deutsche Bank AG 5.20 6/20/2017 EUR 53.10
Deutsche Bank AG 7.20 6/20/2017 EUR 54.60
Deutsche Bank AG 7.20 6/20/2017 EUR 52.60
Deutsche Bank AG 5.20 6/20/2017 EUR 51.10
Deutsche Bank AG 7.20 6/20/2017 EUR 50.70
Deutsche Bank AG 5.20 6/20/2017 EUR 49.20
Deutsche Bank AG 5.20 3/21/2017 EUR 72.90
Deutsche Bank AG 5.20 6/20/2017 EUR 74.90
Deutsche Bank AG 5.20 6/20/2017 EUR 72.50
Deutsche Bank AG 7.20 6/20/2017 EUR 73.90
DZ Bank AG Deutsche Zen 7.80 12/23/2016 EUR 64.76
DZ Bank AG Deutsche Zen 7.70 3/24/2017 EUR 66.50
Vontobel Financial Prod 10.00 12/23/2016 EUR 72.61
Commerzbank AG 4.50 11/24/2016 EUR 54.16
Commerzbank AG 5.00 11/24/2016 EUR 53.01
Commerzbank AG 5.75 11/24/2016 EUR 51.97
Commerzbank AG 6.25 11/24/2016 EUR 50.95
Commerzbank AG 7.00 11/24/2016 EUR 49.99
Commerzbank AG 7.75 11/24/2016 EUR 49.10
Commerzbank AG 8.50 11/24/2016 EUR 48.25
Commerzbank AG 9.00 11/24/2016 EUR 73.85
Commerzbank AG 9.25 11/24/2016 EUR 47.42
Commerzbank AG 12.25 11/24/2016 EUR 74.89
Commerzbank AG 8.00 11/24/2016 EUR 74.84
Commerzbank AG 9.75 11/24/2016 EUR 71.25
Commerzbank AG 11.75 11/24/2016 EUR 68.08
Commerzbank AG 9.50 11/24/2016 EUR 72.62
Vontobel Financial Prod 9.00 11/25/2016 EUR 74.47
Vontobel Financial Prod 13.10 12/23/2016 EUR 74.53
Vontobel Financial Prod 10.50 11/25/2016 EUR 71.90
Vontobel Financial Prod 9.50 12/23/2016 EUR 73.62
Bank Julius Baer & Co L 6.50 12/2/2016 EUR 48.45
UniCredit Bank AG 5.00 6/22/2017 EUR 50.99
UniCredit Bank AG 4.80 6/22/2017 EUR 52.33
UniCredit Bank AG 4.60 6/22/2017 EUR 53.78
UniCredit Bank AG 4.60 6/22/2017 EUR 54.34
UniCredit Bank AG 4.40 6/22/2017 EUR 55.34
UniCredit Bank AG 4.40 6/22/2017 EUR 56.53
UniCredit Bank AG 4.40 6/22/2017 EUR 57.17
UniCredit Bank AG 4.20 6/22/2017 EUR 57.64
UniCredit Bank AG 5.00 6/22/2017 EUR 51.46
UniCredit Bank AG 5.00 6/22/2017 EUR 51.98
UniCredit Bank AG 4.80 6/22/2017 EUR 52.85
UniCredit Bank AG 4.80 6/22/2017 EUR 53.38
UniCredit Bank AG 4.60 6/22/2017 EUR 54.90
UniCredit Bank AG 4.40 6/22/2017 EUR 55.95
UniCredit Bank AG 4.20 6/22/2017 EUR 58.27
Goldman Sachs & Co Wert 18.00 3/22/2017 EUR 71.69
Deutsche Bank AG 6.20 10/26/2016 EUR 73.60
Deutsche Bank AG 4.20 10/26/2016 EUR 73.40
Deutsche Bank AG 6.20 10/26/2016 EUR 70.80
Deutsche Bank AG 4.20 10/26/2016 EUR 70.60
Deutsche Bank AG 4.20 11/23/2016 EUR 73.70
Deutsche Bank AG 6.20 11/23/2016 EUR 74.00
Deutsche Bank AG 4.20 11/23/2016 EUR 70.90
Deutsche Bank AG 6.20 11/23/2016 EUR 71.20
Deutsche Bank AG 6.20 10/26/2016 EUR 70.40
Deutsche Bank AG 6.20 10/26/2016 EUR 57.70
Deutsche Bank AG 4.20 11/23/2016 EUR 70.50
Deutsche Bank AG 6.20 11/23/2016 EUR 70.80
Deutsche Bank AG 6.20 11/23/2016 EUR 58.20
Deutsche Bank AG 4.20 10/26/2016 EUR 54.50
Deutsche Bank AG 4.20 11/23/2016 EUR 54.90
Deutsche Bank AG 6.20 10/26/2016 EUR 75.00
Deutsche Bank AG 4.20 10/26/2016 EUR 74.80
Deutsche Bank AG 4.20 10/26/2016 EUR 71.90
Deutsche Bank AG 4.20 11/23/2016 EUR 74.90
Deutsche Bank AG 4.20 11/23/2016 EUR 72.00
Deutsche Bank AG 4.20 12/20/2016 EUR 75.00
Deutsche Bank AG 4.20 10/26/2016 EUR 75.00
Leonteq Securities AG 9.60 12/7/2016 CHF 70.38
Vontobel Financial Prod 4.70 12/23/2016 EUR 73.57
DZ Bank AG Deutsche Zen 4.00 12/7/2016 EUR 56.25
Zurcher Kantonalbank Fi 12.00 12/8/2016 CHF 70.57
Credit Suisse AG/London 7.25 12/7/2016 CHF 69.45
Deutsche Bank AG 9.20 11/23/2016 EUR 61.10
Deutsche Bank AG 7.20 11/23/2016 EUR 60.70
Deutsche Bank AG 5.20 11/23/2016 EUR 60.40
Deutsche Bank AG 5.20 11/23/2016 EUR 56.70
Deutsche Bank AG 9.20 11/23/2016 EUR 57.30
Deutsche Bank AG 7.20 11/23/2016 EUR 57.00
Deutsche Bank AG 7.20 7/26/2017 EUR 63.90
Deutsche Bank AG 9.20 7/26/2017 EUR 65.60
Deutsche Bank AG 5.20 7/26/2017 EUR 62.20
Deutsche Bank AG 5.20 7/26/2017 EUR 58.80
Deutsche Bank AG 7.20 7/26/2017 EUR 60.50
Deutsche Bank AG 9.20 7/26/2017 EUR 62.20
UBS AG/London 10.00 11/25/2016 CHF 69.20
Bank Julius Baer & Co L 5.60 12/8/2016 CHF 60.05
Bank Julius Baer & Co L 5.90 12/8/2016 CHF 53.95
Vontobel Financial Prod 12.50 12/23/2016 EUR 72.18
Vontobel Financial Prod 6.50 12/23/2016 EUR 71.54
UniCredit Bank AG 4.30 12/22/2017 EUR 44.55
Landesbank Baden-Wuertt 4.90 10/28/2016 EUR 48.47
DekaBank Deutsche Giroz 3.30 2/26/2018 EUR 38.49
UniCredit Bank AG 4.40 11/2/2017 EUR 70.65
UniCredit Bank AG 4.30 10/29/2018 EUR 62.12
DekaBank Deutsche Giroz 3.45 6/1/2018 EUR 57.07
Landesbank Baden-Wuertt 3.00 5/25/2018 EUR 51.44
HSBC Trinkaus & Burkhar 5.00 11/14/2016 EUR 37.84
Notenstein La Roche Pri 8.50 11/28/2016 CHF 41.52
Leonteq Securities AG/G 7.60 11/28/2016 CHF 68.95
Leonteq Securities AG/G 6.00 11/28/2016 CHF 53.95
Notenstein La Roche Pri 6.20 11/21/2016 CHF 63.89
Societe Generale SA 1.00 12/22/2017 GBP 0.99
Commerzbank AG 12.50 1/26/2017 EUR 68.98
Vontobel Financial Prod 8.00 9/29/2017 EUR 72.12
Landesbank Baden-Wuertt 5.00 9/22/2017 EUR 73.88
Landesbank Baden-Wuertt 3.00 9/22/2017 EUR 60.64
Landesbank Baden-Wuertt 4.00 9/22/2017 EUR 57.49
Landesbank Baden-Wuertt 5.00 9/22/2017 EUR 55.36
Landesbank Baden-Wuertt 6.00 9/22/2017 EUR 53.62
Landesbank Baden-Wuertt 3.00 9/22/2017 EUR 55.40
Landesbank Baden-Wuertt 3.00 9/22/2017 EUR 72.75
Landesbank Baden-Wuertt 4.00 9/22/2017 EUR 69.20
Landesbank Baden-Wuertt 5.00 9/22/2017 EUR 66.26
Landesbank Baden-Wuertt 4.00 9/22/2017 EUR 74.13
Leonteq Securities AG 6.00 10/12/2017 CHF 61.18
Leonteq Securities AG 10.00 10/12/2016 CHF 59.06
SAir Group 2.75 7/30/2004 CHF 12.13
UniCredit Bank AG 4.50 9/19/2017 EUR 39.18
UniCredit Bank AG 5.40 6/30/2017 EUR 56.51
Landesbank Hessen-Thuer 5.60 7/11/2017 EUR 48.85
Deutsche Bank AG 4.20 10/26/2016 EUR 52.10
Deutsche Bank AG 6.20 10/26/2016 EUR 47.90
Deutsche Bank AG 6.20 10/26/2016 EUR 44.30
Deutsche Bank AG 4.20 11/23/2016 EUR 52.40
Deutsche Bank AG 4.20 11/23/2016 EUR 50.10
Deutsche Bank AG 6.20 11/23/2016 EUR 48.40
Deutsche Bank AG 4.20 11/23/2016 EUR 48.10
Deutsche Bank AG 6.20 11/23/2016 EUR 46.50
Deutsche Bank AG 6.20 11/23/2016 EUR 44.80
Ladya Finans LLC 12.00 10/29/2021 RUB 64.03
UniCredit Bank AG 4.50 12/22/2016 EUR 74.34
Vontobel Financial Prod 11.00 12/9/2016 EUR 68.70
Societe Generale Effekt 12.08 3/24/2017 EUR 73.75
Societe Generale Effekt 14.61 3/24/2017 EUR 70.62
Societe Generale Effekt 17.29 3/24/2017 EUR 67.99
Commerzbank AG 12.00 1/26/2017 EUR 72.99
UniCredit Bank AG 4.60 12/22/2016 EUR 73.84
UniCredit Bank AG 4.25 12/22/2016 EUR 74.81
DZ Bank AG Deutsche Zen 10.25 12/19/2016 EUR 71.93
DZ Bank AG Deutsche Zen 9.00 3/20/2017 EUR 72.06
DZ Bank AG Deutsche Zen 9.00 12/23/2016 EUR 74.98
Societe Generale Effekt 13.87 6/23/2017 EUR 73.58
Societe Generale Effekt 16.44 6/23/2017 EUR 71.09
Societe Generale Effekt 19.62 6/23/2017 EUR 68.68
Commerzbank AG 14.50 1/26/2017 EUR 68.74
Commerzbank AG 17.25 1/26/2017 EUR 65.10
Goldman Sachs & Co Wert 22.00 3/22/2017 EUR 72.10
Goldman Sachs & Co Wert 21.00 4/26/2017 EUR 73.62
DZ Bank AG Deutsche Zen 10.40 6/19/2017 EUR 72.16
Vontobel Financial Prod 10.00 3/24/2017 EUR 74.94
Vontobel Financial Prod 15.00 3/24/2017 EUR 66.96
DZ Bank AG Deutsche Zen 10.00 6/19/2017 EUR 71.19
Vontobel Financial Prod 16.50 3/24/2017 EUR 73.24
Deutsche Bank AG 5.50 12/20/2016 EUR 72.80
Deutsche Bank AG 6.50 12/20/2016 EUR 73.10
Vontobel Financial Prod 8.55 12/23/2016 EUR 58.74
Goldman Sachs & Co Wert 25.00 12/21/2016 EUR 74.41
Goldman Sachs & Co Wert 14.00 10/26/2016 EUR 71.18
Goldman Sachs & Co Wert 19.00 11/23/2016 EUR 66.06
Goldman Sachs & Co Wert 25.00 11/23/2016 EUR 61.27
Goldman Sachs & Co Wert 23.00 12/21/2016 EUR 62.73
Goldman Sachs & Co Wert 20.00 2/22/2017 EUR 65.56
Goldman Sachs & Co Wert 14.00 6/21/2017 EUR 71.87
Goldman Sachs & Co Wert 15.00 9/20/2017 EUR 71.11
Goldman Sachs & Co Wert 8.00 11/23/2016 EUR 60.96
Goldman Sachs & Co Wert 7.00 1/25/2017 EUR 61.99
Goldman Sachs & Co Wert 5.00 2/22/2017 EUR 68.45
Goldman Sachs & Co Wert 6.00 2/22/2017 EUR 65.32
Goldman Sachs & Co Wert 15.00 2/22/2017 EUR 53.44
Goldman Sachs & Co Wert 19.00 2/22/2017 EUR 51.44
Goldman Sachs & Co Wert 8.00 9/20/2017 EUR 61.63
Goldman Sachs & Co Wert 5.00 12/20/2017 EUR 70.45
Goldman Sachs & Co Wert 8.00 12/20/2017 EUR 63.47
Goldman Sachs & Co Wert 21.00 1/25/2017 EUR 65.02
Goldman Sachs & Co Wert 14.00 2/22/2017 EUR 71.01
Goldman Sachs & Co Wert 16.00 6/21/2017 EUR 68.86
Goldman Sachs & Co Wert 20.00 2/22/2017 EUR 66.21
Deutsche Bank AG 5.50 12/20/2016 EUR 74.90
DZ Bank AG Deutsche Zen 7.20 12/23/2016 EUR 60.61
DZ Bank AG Deutsche Zen 6.40 3/24/2017 EUR 61.91
DZ Bank AG Deutsche Zen 6.00 12/19/2016 EUR 63.77
DZ Bank AG Deutsche Zen 5.60 3/20/2017 EUR 64.88
DZ Bank AG Deutsche Zen 5.25 3/24/2017 EUR 61.35
Vontobel Financial Prod 8.00 3/24/2017 EUR 66.59
Deutsche Bank AG 5.20 2/22/2017 EUR 65.10
Deutsche Bank AG 7.20 2/22/2017 EUR 65.90
Deutsche Bank AG 7.20 2/22/2017 EUR 62.70
Deutsche Bank AG 5.20 2/22/2017 EUR 61.90
Deutsche Bank AG 7.20 2/22/2017 EUR 59.80
Deutsche Bank AG 5.20 2/22/2017 EUR 59.00
Deutsche Bank AG 5.20 2/22/2017 EUR 56.30
Deutsche Bank AG 7.20 2/22/2017 EUR 57.10
Deutsche Bank AG 5.20 2/22/2017 EUR 71.70
Deutsche Bank AG 5.20 1/25/2017 EUR 71.30
Deutsche Bank AG 7.20 1/25/2017 EUR 72.00
Deutsche Bank AG 5.20 1/25/2017 EUR 64.80
Deutsche Bank AG 7.20 1/25/2017 EUR 65.50
Deutsche Bank AG 7.20 1/25/2017 EUR 62.20
Deutsche Bank AG 5.20 1/25/2017 EUR 61.60
Deutsche Bank AG 5.20 1/25/2017 EUR 58.60
Deutsche Bank AG 7.20 1/25/2017 EUR 59.30
Deutsche Bank AG 7.20 1/25/2017 EUR 56.60
Goldman Sachs & Co Wert 10.00 1/25/2017 EUR 73.05
Vontobel Financial Prod 5.00 3/24/2017 EUR 65.21
Vontobel Financial Prod 6.05 3/24/2017 EUR 62.54
Vontobel Financial Prod 7.50 3/24/2017 EUR 60.34
Vontobel Financial Prod 9.00 3/24/2017 EUR 58.39
Vontobel Financial Prod 10.50 3/24/2017 EUR 56.73
Vontobel Financial Prod 12.00 3/24/2017 EUR 55.24
Vontobel Financial Prod 3.00 11/25/2016 EUR 71.26
Vontobel Financial Prod 3.50 11/25/2016 EUR 69.22
Vontobel Financial Prod 10.60 12/23/2016 EUR 56.55
Vontobel Financial Prod 7.00 12/23/2016 EUR 61.33
Vontobel Financial Prod 5.50 12/23/2016 EUR 64.23
Vontobel Financial Prod 4.00 12/23/2016 EUR 67.55
Vontobel Financial Prod 4.00 3/24/2017 EUR 68.21
Goldman Sachs & Co Wert 25.00 10/26/2016 EUR 72.30
Goldman Sachs & Co Wert 13.00 12/21/2016 EUR 73.01
Goldman Sachs & Co Wert 12.00 1/25/2017 EUR 73.89
Goldman Sachs & Co Wert 17.00 1/25/2017 EUR 68.70
Goldman Sachs & Co Wert 22.00 1/25/2017 EUR 64.67
Goldman Sachs & Co Wert 12.00 2/22/2017 EUR 74.70
Goldman Sachs & Co Wert 15.00 3/22/2017 EUR 70.29
Goldman Sachs & Co Wert 17.00 6/21/2017 EUR 68.69
Goldman Sachs & Co Wert 14.00 12/20/2017 EUR 73.31
Goldman Sachs & Co Wert 7.00 10/26/2016 EUR 63.55
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 61.53
Goldman Sachs & Co Wert 10.00 1/25/2017 EUR 57.35
Goldman Sachs & Co Wert 4.00 2/22/2017 EUR 71.89
Goldman Sachs & Co Wert 7.00 2/22/2017 EUR 62.50
Goldman Sachs & Co Wert 10.00 2/22/2017 EUR 58.12
Goldman Sachs & Co Wert 6.00 9/20/2017 EUR 64.87
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 58.88
Goldman Sachs & Co Wert 6.00 9/20/2017 EUR 67.76
Goldman Sachs & Co Wert 5.00 12/20/2017 EUR 67.54
Credit Suisse AG/London 6.00 1/23/2017 CHF 71.56
DekaBank Deutsche Giroz 7.40 1/13/2017 EUR 72.07
Landesbank Baden-Wuertt 7.60 12/23/2016 EUR 55.05
DZ Bank AG Deutsche Zen 5.75 12/23/2016 EUR 61.40
Landesbank Baden-Wuertt 3.00 1/27/2017 EUR 71.76
Landesbank Baden-Wuertt 4.00 1/27/2017 EUR 68.55
Landesbank Baden-Wuertt 5.00 1/27/2017 EUR 66.04
Deutsche Bank AG 5.20 2/22/2017 EUR 71.60
Deutsche Bank AG 7.20 2/22/2017 EUR 72.40
Deutsche Bank AG 7.20 2/22/2017 EUR 72.50
Vontobel Financial Prod 10.00 12/23/2016 EUR 56.40
Vontobel Financial Prod 13.15 12/23/2016 EUR 73.80
Vontobel Financial Prod 12.95 3/24/2017 EUR 72.63
DZ Bank AG Deutsche Zen 15.50 1/27/2017 EUR 60.30
UBS AG/London 9.40 4/18/2017 EUR 72.06
DZ Bank AG Deutsche Zen 5.75 12/19/2016 EUR 70.17
DZ Bank AG Deutsche Zen 6.00 3/20/2017 EUR 71.59
Bank Julius Baer & Co L 9.00 1/19/2017 CHF 67.40
HSBC Trinkaus & Burkhar 8.80 6/23/2017 EUR 74.22
HSBC Trinkaus & Burkhar 11.00 12/23/2016 EUR 54.30
HSBC Trinkaus & Burkhar 7.40 12/23/2016 EUR 58.58
HSBC Trinkaus & Burkhar 6.00 10/28/2016 EUR 60.35
HSBC Trinkaus & Burkhar 8.80 1/27/2017 EUR 57.06
Vontobel Financial Prod 4.70 12/9/2016 EUR 70.82
Vontobel Financial Prod 13.50 3/24/2017 EUR 67.44
Societe Generale SA 5.10 9/5/2017 EUR 71.95
Leonteq Securities AG 6.00 1/30/2017 CHF 68.33
HSBC Trinkaus & Burkhar 5.00 1/30/2018 EUR 67.62
DekaBank Deutsche Giroz 2.75 7/17/2019 EUR 55.19
Vontobel Financial Prod 6.20 2/4/2019 EUR 71.08
BNP Paribas Emissions- 7.50 12/22/2016 EUR 72.97
BNP Paribas Emissions- 10.00 12/22/2016 EUR 64.73
BNP Paribas Emissions- 10.00 12/22/2016 EUR 66.19
BNP Paribas Emissions- 7.50 12/22/2016 EUR 73.84
BNP Paribas Emissions- 10.00 12/22/2016 EUR 67.69
BNP Paribas Emissions- 5.00 12/22/2016 EUR 71.24
BNP Paribas Emissions- 6.00 12/22/2016 EUR 67.60
BNP Paribas Emissions- 7.00 12/22/2016 EUR 64.36
BNP Paribas Emissions- 7.50 12/22/2016 EUR 62.88
BNP Paribas Emissions- 9.50 12/22/2016 EUR 71.49
BNP Paribas Emissions- 6.00 12/22/2016 EUR 71.41
BNP Paribas Emissions- 6.50 12/22/2016 EUR 67.90
BNP Paribas Emissions- 8.50 12/22/2016 EUR 62.10
BNP Paribas Emissions- 9.00 12/22/2016 EUR 59.49
BNP Paribas Emissions- 6.00 12/22/2016 EUR 53.08
BNP Paribas Emissions- 6.50 12/22/2016 EUR 50.96
BNP Paribas Emissions- 8.00 12/22/2016 EUR 47.36
BNP Paribas Emissions- 9.00 12/22/2016 EUR 45.85
BNP Paribas Emissions- 5.50 12/22/2016 EUR 66.06
BNP Paribas Emissions- 10.00 12/22/2016 EUR 55.56
Notenstein La Roche Pri 8.00 2/6/2017 EUR 62.98
Landesbank Hessen-Thuer 8.25 3/6/2020 EUR 74.19
Leonteq Securities AG 6.00 2/20/2017 CHF 56.76
Bayerische Landesbank 3.00 3/9/2018 EUR 74.26
Notenstein La Roche Pri 8.80 2/13/2017 CHF 72.40
DekaBank Deutsche Giroz 2.75 2/2/2018 EUR 65.82
Commerzbank AG 5.24 2/16/2017 EUR 58.27
Leonteq Securities AG 7.20 3/6/2017 CHF 59.97
Leonteq Securities AG 7.80 2/27/2017 EUR 56.24
Notenstein La Roche Pri 5.00 2/27/2019 CHF 63.01
Notenstein La Roche Pri 5.70 2/27/2019 CHF 62.71
DekaBank Deutsche Giroz 2.40 2/17/2017 EUR 58.45
UniCredit Bank AG 5.00 6/25/2019 EUR 47.24
Landesbank Hessen-Thuer 5.00 3/27/2019 EUR 56.17
Bayerische Landesbank 2.60 3/29/2018 EUR 50.48
EFG International Finan 7.20 2/25/2019 EUR 46.36
Leonteq Securities AG 5.20 3/6/2017 CHF 65.77
DekaBank Deutsche Giroz 2.50 2/24/2017 EUR 73.67
DekaBank Deutsche Giroz 3.05 2/25/2019 EUR 72.27
BNP Paribas Emissions- 8.00 12/22/2016 EUR 69.90
BNP Paribas Emissions- 9.00 12/22/2016 EUR 72.18
BNP Paribas Emissions- 6.00 12/22/2016 EUR 70.07
BNP Paribas Emissions- 8.50 12/22/2016 EUR 63.68
BNP Paribas Emissions- 8.50 12/22/2016 EUR 69.49
BNP Paribas Emissions- 9.00 12/22/2016 EUR 72.43
BNP Paribas Emissions- 10.00 12/22/2016 EUR 70.07
BNP Paribas Emissions- 5.50 12/22/2016 EUR 67.67
BNP Paribas Emissions- 8.00 12/22/2016 EUR 59.26
BNP Paribas Emissions- 11.00 12/22/2016 EUR 71.63
BNP Paribas Emissions- 6.00 12/22/2016 EUR 46.90
BNP Paribas Emissions- 7.50 12/22/2016 EUR 43.89
BNP Paribas Emissions- 8.00 12/22/2016 EUR 42.50
Vontobel Financial Prod 5.35 3/3/2017 EUR 41.17
Vontobel Financial Prod 5.40 3/3/2017 EUR 57.85
EFG International Finan 8.99 9/4/2017 EUR 29.79
Landesbank Hessen-Thuer 4.00 4/8/2019 EUR 57.90
Bank Julius Baer & Co L 6.50 3/6/2017 CHF 64.55
Leonteq Securities AG 5.25 3/19/2018 CHF 68.17
Notenstein La Roche Pri 6.50 3/13/2017 EUR 45.22
DZ Bank AG Deutsche Zen 2.00 12/16/2016 EUR 64.58
Vontobel Financial Prod 4.60 12/23/2016 EUR 61.42
Notenstein La Roche Pri 7.00 3/10/2017 EUR 72.06
Leonteq Securities AG 7.00 9/20/2017 CHF 71.67
Commerzbank AG 7.20 3/9/2017 EUR 70.77
Credit Suisse AG/Nassau 6.25 9/26/2016 CHF 58.91
Deutsche Bank AG 6.20 12/20/2016 EUR 60.70
Deutsche Bank AG 5.20 12/20/2016 EUR 60.50
Deutsche Bank AG 5.20 12/20/2016 EUR 57.60
Deutsche Bank AG 6.20 12/20/2016 EUR 74.50
Deutsche Bank AG 5.20 12/20/2016 EUR 74.30
Deutsche Bank AG 6.20 12/20/2016 EUR 71.70
Deutsche Bank AG 5.20 12/20/2016 EUR 71.50
Deutsche Bank AG 6.20 12/20/2016 EUR 73.30
Deutsche Bank AG 5.20 12/20/2016 EUR 73.00
Deutsche Bank AG 5.20 12/20/2016 EUR 69.80
Deutsche Bank AG 6.20 12/20/2016 EUR 70.00
Deutsche Bank AG 5.20 12/20/2016 EUR 61.10
Deutsche Bank AG 6.20 12/20/2016 EUR 61.30
Deutsche Bank AG 6.20 12/20/2016 EUR 58.60
Deutsche Bank AG 5.20 12/20/2016 EUR 58.40
Deutsche Bank AG 5.20 12/20/2016 EUR 55.90
Deutsche Bank AG 6.20 12/20/2016 EUR 56.10
Deutsche Bank AG 6.20 12/20/2016 EUR 45.20
Deutsche Bank AG 5.20 12/20/2016 EUR 45.00
Deutsche Bank AG 5.20 12/20/2016 EUR 43.40
Deutsche Bank AG 6.20 12/20/2016 EUR 43.60
Deutsche Bank AG 6.20 12/20/2016 EUR 42.10
Deutsche Bank AG 5.20 12/20/2016 EUR 41.90
Deutsche Bank AG 5.20 12/20/2016 EUR 40.50
Deutsche Bank AG 6.20 12/20/2016 EUR 40.70
Deutsche Bank AG 5.20 12/20/2016 EUR 68.70
Deutsche Bank AG 6.20 12/20/2016 EUR 69.00
Deutsche Bank AG 5.20 12/20/2016 EUR 66.20
Deutsche Bank AG 6.20 12/20/2016 EUR 66.50
Deutsche Bank AG 6.20 12/20/2016 EUR 56.50
Deutsche Bank AG 5.20 12/20/2016 EUR 56.30
Deutsche Bank AG 5.20 12/20/2016 EUR 54.30
Deutsche Bank AG 6.20 12/20/2016 EUR 61.90
Deutsche Bank AG 6.20 12/20/2016 EUR 57.90
Deutsche Bank AG 5.20 12/20/2016 EUR 55.10
Deutsche Bank AG 6.20 12/20/2016 EUR 55.30
Commerzbank AG 5.80 10/8/2017 EUR 67.61
DZ Bank AG Deutsche Zen 5.20 9/8/2017 EUR 71.37
DZ Bank AG Deutsche Zen 5.60 9/8/2017 EUR 67.90
Landesbank Hessen-Thuer 6.75 4/17/2020 EUR 67.24
DekaBank Deutsche Giroz 3.75 3/10/2017 EUR 65.32
HSBC Trinkaus & Burkhar 14.90 12/23/2016 EUR 74.41
Societe Generale Effekt 12.01 12/23/2016 EUR 74.71
Societe Generale Effekt 16.52 12/23/2016 EUR 66.88
Societe Generale Effekt 17.96 6/23/2017 EUR 74.40
Societe Generale Effekt 20.75 6/23/2017 EUR 71.52
Goldman Sachs & Co Wert 22.00 3/22/2017 EUR 67.33
Vontobel Financial Prod 10.00 3/24/2017 EUR 74.19
HSBC Trinkaus & Burkhar 14.80 3/24/2017 EUR 73.65
Societe Generale Effekt 12.85 12/23/2016 EUR 72.92
Societe Generale Effekt 14.61 12/23/2016 EUR 69.78
Societe Generale Effekt 16.37 12/23/2016 EUR 70.75
Goldman Sachs & Co Wert 19.00 4/26/2017 EUR 70.53
Goldman Sachs & Co Wert 21.00 4/26/2017 EUR 68.81
Goldman Sachs & Co Wert 17.00 9/20/2017 EUR 72.98
Royal Bank of Scotland 6.20 9/7/2018 GBP 1.07
Landesbank Baden-Wuertt 3.00 11/25/2016 EUR 59.45
Exane Finance 6.25 12/20/2019 SEK 65.30
Credit Suisse AG/London 7.80 7/31/2020 USD 8.91
UniCredit Bank AG 4.00 12/22/2016 EUR 74.06
UniCredit Bank AG 4.20 12/22/2016 EUR 73.21
UniCredit Bank AG 4.20 12/22/2016 EUR 69.75
UniCredit Bank AG 4.40 12/22/2016 EUR 69.33
UniCredit Bank AG 4.60 12/22/2016 EUR 66.70
UniCredit Bank AG 4.00 12/22/2016 EUR 72.64
UniCredit Bank AG 4.60 12/22/2016 EUR 68.02
Vontobel Financial Prod 3.50 12/23/2016 EUR 57.53
Vontobel Financial Prod 9.00 12/23/2016 EUR 48.45
DZ Bank AG Deutsche Zen 7.75 11/25/2016 EUR 74.03
DZ Bank AG Deutsche Zen 7.75 12/23/2016 EUR 74.62
DZ Bank AG Deutsche Zen 9.75 11/25/2016 EUR 61.34
DZ Bank AG Deutsche Zen 8.75 11/25/2016 EUR 46.69
DZ Bank AG Deutsche Zen 7.00 3/24/2017 EUR 49.83
DZ Bank AG Deutsche Zen 8.25 11/25/2016 EUR 74.62
Rinol AG 5.50 10/15/2006 DEM 0.00
KPNQwest NV 7.13 6/1/2009 EUR 0.56
Bayerische Landesbank 2.70 8/10/2018 EUR 72.16
HSBC Trinkaus & Burkhar 5.50 1/31/2017 EUR 63.80
Goldman Sachs & Co Wert 5.00 3/22/2017 EUR 65.49
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 60.82
Goldman Sachs & Co Wert 7.00 6/21/2017 EUR 61.36
Goldman Sachs & Co Wert 5.00 6/21/2017 EUR 51.00
Goldman Sachs & Co Wert 5.00 6/21/2017 EUR 53.02
Goldman Sachs & Co Wert 16.00 12/21/2016 EUR 68.65
Notenstein La Roche Pri 4.20 7/17/2019 CHF 69.20
Landesbank Baden-Wuertt 2.60 12/23/2016 EUR 73.05
Vontobel Financial Prod 4.65 7/24/2017 EUR 61.20
Raiffeisen Centrobank A 7.05 3/22/2017 EUR 71.64
Credit Suisse AG/Nassau 6.00 1/23/2017 CHF 65.21
BNP Paribas Emissions- 4.00 7/27/2017 EUR 65.09
BNP Paribas Emissions- 4.00 10/27/2016 EUR 66.51
BNP Paribas Emissions- 5.50 10/27/2016 EUR 61.54
BNP Paribas Emissions- 3.50 7/27/2017 EUR 70.13
Notenstein La Roche Pri 3.00 7/31/2018 CHF 72.80
Goldman Sachs & Co Wert 16.00 12/21/2016 EUR 70.35
Notenstein La Roche Pri 5.70 1/24/2019 CHF 74.27
Leonteq Securities AG 9.00 10/24/2016 EUR 68.46
Commerzbank AG 6.00 2/5/2018 EUR 73.43
Leonteq Securities AG 11.00 1/9/2017 EUR 59.40
Vontobel Financial Prod 11.90 10/7/2016 EUR 73.34
Credit Suisse AG/London 7.80 7/16/2025 USD 8.57
JP Morgan Structured Pr 3.60 7/17/2017 USD 60.67
Landesbank Baden-Wuertt 2.90 7/27/2018 EUR 50.32
Landesbank Baden-Wuertt 2.70 7/26/2019 EUR 70.46
Landesbank Baden-Wuertt 2.55 7/26/2019 EUR 72.92
Credit Suisse AG/London 7.00 7/31/2025 USD 9.91
Leonteq Securities AG 8.00 10/31/2016 CHF 69.18
UniCredit Bank AG 4.20 12/22/2016 EUR 72.34
UniCredit Bank AG 4.00 12/22/2016 EUR 73.15
UniCredit Bank AG 4.20 12/22/2016 EUR 70.22
UniCredit Bank AG 4.40 12/22/2016 EUR 68.42
UniCredit Bank AG 4.60 12/22/2016 EUR 67.57
UniCredit Bank AG 4.00 12/22/2016 EUR 74.97
UniCredit Bank AG 4.00 12/22/2016 EUR 72.13
UniCredit Bank AG 4.20 12/22/2016 EUR 71.19
UniCredit Bank AG 4.20 12/22/2016 EUR 70.70
UniCredit Bank AG 4.40 12/22/2016 EUR 68.87
UniCredit Bank AG 4.60 12/22/2016 EUR 67.14
UniCredit Bank AG 4.20 12/22/2016 EUR 71.48
UBS AG/London 10.10 3/10/2017 EUR 71.44
DZ Bank AG Deutsche Zen 8.00 3/24/2017 EUR 71.77
DZ Bank AG Deutsche Zen 10.00 12/23/2016 EUR 72.14
DZ Bank AG Deutsche Zen 8.00 3/24/2017 EUR 73.62
DZ Bank AG Deutsche Zen 8.50 11/25/2016 EUR 74.15
DZ Bank AG Deutsche Zen 5.50 11/25/2016 EUR 67.60
DZ Bank AG Deutsche Zen 7.75 12/23/2016 EUR 48.26
DZ Bank AG Deutsche Zen 15.00 11/25/2016 EUR 66.83
Notenstein La Roche Pri 8.99 7/22/2019 EUR 54.20
Leonteq Securities AG 16.00 10/31/2016 CHF 47.46
Leonteq Securities AG 9.00 10/31/2016 EUR 51.92
UniCredit Bank AG 4.00 12/22/2016 EUR 71.64
UniCredit Bank AG 4.40 12/22/2016 EUR 70.70
UniCredit Bank AG 4.40 12/22/2016 EUR 69.88
DZ Bank AG Deutsche Zen 6.00 3/24/2017 EUR 70.93
Vontobel Financial Prod 9.75 12/23/2016 EUR 74.81
Vontobel Financial Prod 12.50 12/23/2016 EUR 71.14
Vontobel Financial Prod 6.10 12/23/2016 EUR 51.87
Vontobel Financial Prod 7.50 12/23/2016 EUR 50.06
DZ Bank AG Deutsche Zen 9.00 3/24/2017 EUR 72.60
DZ Bank AG Deutsche Zen 5.75 11/25/2016 EUR 49.61
DZ Bank AG Deutsche Zen 12.75 12/23/2016 EUR 69.12
DZ Bank AG Deutsche Zen 9.75 3/24/2017 EUR 70.55
Bank Julius Baer & Co L 11.10 11/23/2016 CHF 60.25
Lehman Brothers Treasur 9.25 6/20/2012 USD 0.75
Lehman Brothers Treasur 3.00 9/13/2010 JPY 11.88
Vontobel Financial Prod 16.00 12/23/2016 EUR 74.63
Soyuz AKB OAO 11.25 6/11/2020 RUB 60.30
MRSK Yuga PJSC 13.50 6/8/2020 RUB 70.00
Societe Generale SA 0.50 8/4/2021 BRL 61.00
Lehman Brothers Treasur 5.25 11/21/2009 USD 0.75
Vontobel Financial Prod 12.00 3/24/2017 EUR 70.38
Vontobel Financial Prod 14.00 3/24/2017 EUR 68.02
Vontobel Financial Prod 16.00 3/24/2017 EUR 65.96
Vontobel Financial Prod 17.00 3/24/2017 EUR 65.03
DZ Bank AG Deutsche Zen 9.00 6/19/2017 EUR 74.30
Deutsche Bank AG 7.20 12/20/2016 EUR 74.80
Deutsche Bank AG 5.20 12/20/2016 EUR 74.30
Bank Nederlandse Gemeen 0.50 6/22/2021 ZAR 66.22
DZ Bank AG Deutsche Zen 16.00 12/23/2016 EUR 72.83
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 67.64
Goldman Sachs & Co Wert 11.00 6/21/2017 EUR 68.38
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 63.92
Goldman Sachs & Co Wert 11.00 6/21/2017 EUR 64.66
Deutsche Bank AG 5.20 6/20/2017 EUR 74.60
Societe Generale SA 0.50 6/12/2023 RUB 57.55
Bank VTB 24 JSC 3.00 11/26/2043 RUB 60.03
Vontobel Financial Prod 18.50 12/23/2016 EUR 71.34
Societe Generale SA 0.50 7/6/2021 BRL 61.42
Vontobel Financial Prod 15.00 3/24/2017 EUR 74.30
Goldman Sachs & Co Wert 24.00 10/26/2016 EUR 72.76
Goldman Sachs & Co Wert 22.00 11/23/2016 EUR 74.25
Goldman Sachs & Co Wert 24.00 12/21/2016 EUR 72.19
Goldman Sachs & Co Wert 23.00 2/22/2017 EUR 72.23
Goldman Sachs & Co Wert 22.00 3/22/2017 EUR 73.43
Goldman Sachs & Co Wert 25.00 1/25/2017 EUR 71.17
Goldman Sachs & Co Wert 24.00 11/23/2016 EUR 73.49
Goldman Sachs & Co Wert 22.00 12/21/2016 EUR 74.82
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 68.23
DZ Bank AG Deutsche Zen 8.00 3/24/2017 EUR 69.91
HSBC Trinkaus & Burkhar 15.50 12/23/2016 EUR 65.13
HSBC Trinkaus & Burkhar 8.60 6/23/2017 EUR 73.79
HSBC Trinkaus & Burkhar 9.20 9/22/2017 EUR 72.39
HSBC Trinkaus & Burkhar 14.50 10/28/2016 EUR 66.21
HSBC Trinkaus & Burkhar 9.50 10/28/2016 EUR 74.14
HSBC Trinkaus & Burkhar 13.70 11/25/2016 EUR 67.17
HSBC Trinkaus & Burkhar 9.10 11/25/2016 EUR 74.69
HSBC Trinkaus & Burkhar 11.80 2/24/2017 EUR 69.59
HSBC Trinkaus & Burkhar 13.70 3/24/2017 EUR 74.78
DZ Bank AG Deutsche Zen 15.00 2/24/2017 EUR 71.38
HSBC Trinkaus & Burkhar 10.70 12/23/2016 EUR 71.32
HSBC Trinkaus & Burkhar 13.20 3/24/2017 EUR 67.73
HSBC Trinkaus & Burkhar 9.60 3/24/2017 EUR 72.93
HSBC Trinkaus & Burkhar 12.30 6/23/2017 EUR 68.42
HSBC Trinkaus & Burkhar 11.60 6/23/2017 EUR 69.41
HSBC Trinkaus & Burkhar 16.50 12/23/2016 EUR 72.18
Goldman Sachs & Co Wert 25.00 10/26/2016 EUR 73.64
Goldman Sachs & Co Wert 25.00 11/23/2016 EUR 73.98
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 62.83
Goldman Sachs & Co Wert 24.00 12/21/2016 EUR 59.60
Goldman Sachs & Co Wert 18.00 10/26/2016 EUR 64.43
Goldman Sachs & Co Wert 15.00 3/22/2017 EUR 66.86
Goldman Sachs & Co Wert 15.00 6/21/2017 EUR 67.51
Goldman Sachs & Co Wert 17.00 6/21/2017 EUR 66.39
Goldman Sachs & Co Wert 10.00 9/20/2017 EUR 74.78
Goldman Sachs & Co Wert 14.00 2/22/2017 EUR 68.57
Goldman Sachs & Co Wert 13.00 12/20/2017 EUR 69.64
Goldman Sachs & Co Wert 10.00 12/21/2016 EUR 72.01
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 71.43
Goldman Sachs & Co Wert 8.00 12/20/2017 EUR 73.21
Commerzbank AG 14.00 11/24/2016 EUR 69.10
Commerzbank AG 13.50 1/26/2017 EUR 71.15
Deutsche Bank AG 7.20 12/20/2016 EUR 72.60
Deutsche Bank AG 5.20 12/20/2016 EUR 68.00
Deutsche Bank AG 3.20 3/21/2017 EUR 71.70
Deutsche Bank AG 7.20 3/21/2017 EUR 73.70
Deutsche Bank AG 3.20 3/21/2017 EUR 67.90
Deutsche Bank AG 7.20 3/21/2017 EUR 69.90
Deutsche Bank AG 5.20 3/21/2017 EUR 68.90
Deutsche Bank AG 7.20 6/20/2017 EUR 74.50
Deutsche Bank AG 9.20 12/20/2016 EUR 73.10
Deutsche Bank AG 9.20 12/20/2016 EUR 69.00
Deutsche Bank AG 9.20 3/21/2017 EUR 70.90
DZ Bank AG Deutsche Zen 12.25 2/24/2017 EUR 71.56
DZ Bank AG Deutsche Zen 9.75 3/24/2017 EUR 74.20
Vontobel Financial Prod 10.05 12/9/2016 EUR 74.94
Goldman Sachs & Co Wert 15.00 10/26/2016 EUR 67.89
Goldman Sachs & Co Wert 14.00 11/23/2016 EUR 68.88
Goldman Sachs & Co Wert 22.00 11/23/2016 EUR 60.16
Goldman Sachs & Co Wert 14.00 12/21/2016 EUR 69.86
Goldman Sachs & Co Wert 18.00 12/21/2016 EUR 63.86
Goldman Sachs & Co Wert 19.00 1/25/2017 EUR 62.99
Goldman Sachs & Co Wert 15.00 1/25/2017 EUR 67.88
Goldman Sachs & Co Wert 22.00 1/25/2017 EUR 61.30
Goldman Sachs & Co Wert 24.00 10/26/2016 EUR 58.61
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 74.85
Goldman Sachs & Co Wert 19.00 3/22/2017 EUR 63.23
Goldman Sachs & Co Wert 15.00 9/20/2017 EUR 68.51
Goldman Sachs & Co Wert 18.00 2/22/2017 EUR 64.04
Goldman Sachs & Co Wert 21.00 2/22/2017 EUR 62.59
Goldman Sachs & Co Wert 10.00 12/20/2017 EUR 73.70
Goldman Sachs & Co Wert 22.00 2/22/2017 EUR 70.45
Goldman Sachs & Co Wert 10.00 1/25/2017 EUR 71.45
Goldman Sachs & Co Wert 8.00 9/20/2017 EUR 71.90
Goldman Sachs & Co Wert 10.00 2/22/2017 EUR 71.35
Deutsche Bank AG 3.20 12/20/2016 EUR 71.60
Deutsche Bank AG 5.20 12/20/2016 EUR 72.10
Deutsche Bank AG 3.20 12/20/2016 EUR 67.60
Deutsche Bank AG 7.20 12/20/2016 EUR 68.50
Deutsche Bank AG 5.20 3/21/2017 EUR 72.70
Deutsche Bank AG 5.20 6/20/2017 EUR 73.00
Deutsche Bank AG 5.20 6/20/2017 EUR 69.50
Deutsche Bank AG 3.20 6/20/2017 EUR 68.00
Deutsche Bank AG 3.20 6/20/2017 EUR 71.50
Deutsche Bank AG 9.20 3/21/2017 EUR 74.70
Deutsche Bank AG 3.20 6/20/2017 EUR 74.10
Bank Julius Baer & Co L 9.40 2/9/2017 CHF 50.15
DZ Bank AG Deutsche Zen 12.00 12/23/2016 EUR 72.99
SAir Group 5.13 3/1/2003 CHF 11.00
Bank Julius Baer & Co L 6.00 7/24/2017 CHF 64.50
Region Kapital OOO 14.50 7/10/2018 RUB 60.10
Soyuz AKB OAO 11.50 10/11/2018 RUB 60.15
Barclays Bank PLC 3.38 1/31/2029 USD 68.25
Risland OOO 9.25 1/10/2019 RUB 61.03
Lehman Brothers Treasur 8.28 3/26/2009 USD 0.75
Lehman Brothers Treasur 6.85 12/22/2008 EUR 0.75
Lehman Brothers Treasur 4.35 8/8/2016 SGD 9.63
Lehman Brothers Treasur 4.50 3/6/2013 CHF 0.75
Lehman Brothers Treasur 4.00 4/24/2009 USD 0.75
Lehman Brothers Treasur 9.00 6/13/2009 USD 0.75
Lehman Brothers Treasur 9.00 3/17/2009 GBP 0.75
Lehman Brothers Treasur 7.00 11/28/2008 CHF 0.75
Lehman Brothers Treasur 7.38 9/20/2008 EUR 0.75
Lehman Brothers Treasur 3.85 4/24/2009 USD 0.75
Lehman Brothers Treasur 7.25 10/6/2008 EUR 0.75
Lehman Brothers Treasur 10.50 8/9/2010 EUR 0.75
Lehman Brothers Treasur 8.00 5/22/2009 USD 0.75
Lehman Brothers Treasur 4.50 7/24/2014 EUR 0.75
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 66.13
DZ Bank AG Deutsche Zen 8.00 6/23/2017 EUR 71.21
UBS AG/London 9.20 4/18/2017 EUR 74.89
HSBC Trinkaus & Burkhar 6.90 3/24/2017 EUR 60.13
HSBC Trinkaus & Burkhar 7.60 6/23/2017 EUR 59.49
HSBC Trinkaus & Burkhar 13.60 3/24/2017 EUR 71.98
Vontobel Financial Prod 5.55 3/10/2017 EUR 71.83
Deutsche Bank AG 5.20 1/25/2017 EUR 55.90
Deutsche Bank AG 7.20 1/25/2017 EUR 72.00
Deutsche Bank AG 5.20 1/25/2017 EUR 71.30
Deutsche Bank AG 5.20 12/20/2016 EUR 64.40
Deutsche Bank AG 6.20 12/20/2016 EUR 64.60
Deutsche Bank AG 7.20 12/20/2016 EUR 64.90
Deutsche Bank AG 5.20 12/20/2016 EUR 61.10
Deutsche Bank AG 6.20 12/20/2016 EUR 61.30
Deutsche Bank AG 7.20 12/20/2016 EUR 61.60
Deutsche Bank AG 5.20 12/20/2016 EUR 58.10
Deutsche Bank AG 7.20 12/20/2016 EUR 71.40
DZ Bank AG Deutsche Zen 6.25 3/20/2017 EUR 73.39
DZ Bank AG Deutsche Zen 8.00 12/19/2016 EUR 54.00
DZ Bank AG Deutsche Zen 6.00 1/25/2017 EUR 61.97
BNP Paribas Emissions- 27.00 12/22/2016 EUR 56.85
BNP Paribas Emissions- 10.00 12/21/2017 EUR 68.48
BNP Paribas Emissions- 28.00 12/21/2017 EUR 68.57
BNP Paribas Emissions- 18.00 12/22/2016 EUR 69.27
BNP Paribas Emissions- 24.00 12/22/2016 EUR 64.15
BNP Paribas Emissions- 20.00 3/23/2017 EUR 68.35
BNP Paribas Emissions- 28.00 6/22/2017 EUR 64.88
BNP Paribas Emissions- 15.00 12/21/2017 EUR 73.74
BNP Paribas Emissions- 6.00 12/22/2016 EUR 68.01
BNP Paribas Emissions- 10.00 12/22/2016 EUR 59.04
BNP Paribas Emissions- 6.00 3/23/2017 EUR 65.72
BNP Paribas Emissions- 18.00 6/22/2017 EUR 70.18
BNP Paribas Emissions- 26.00 6/22/2017 EUR 65.76
BNP Paribas Emissions- 22.00 12/21/2017 EUR 69.90
BNP Paribas Emissions- 26.00 12/21/2017 EUR 68.77
BNP Paribas Emissions- 5.00 12/21/2017 EUR 70.16
BNP Paribas Emissions- 23.00 12/21/2017 EUR 58.27
BNP Paribas Emissions- 18.00 3/23/2017 EUR 70.17
BNP Paribas Emissions- 22.00 3/23/2017 EUR 67.77
BNP Paribas Emissions- 28.00 3/23/2017 EUR 63.58
BNP Paribas Emissions- 22.00 12/21/2017 EUR 69.80
BNP Paribas Emissions- 28.00 12/21/2017 EUR 74.45
BNP Paribas Emissions- 28.00 6/22/2017 EUR 74.41
BNP Paribas Emissions- 19.00 12/21/2017 EUR 71.87
BNP Paribas Emissions- 18.00 12/22/2016 EUR 71.14
BNP Paribas Emissions- 15.00 3/23/2017 EUR 74.38
BNP Paribas Emissions- 28.00 3/23/2017 EUR 63.92
BNP Paribas Emissions- 28.00 3/23/2017 EUR 73.13
BNP Paribas Emissions- 27.00 6/22/2017 EUR 74.73
BNP Paribas Emissions- 21.00 12/22/2016 EUR 73.50
BNP Paribas Emissions- 28.00 12/22/2016 EUR 68.52
BNP Paribas Emissions- 22.00 3/23/2017 EUR 72.79
BNP Paribas Emissions- 28.00 3/23/2017 EUR 69.50
BNP Paribas Emissions- 25.00 12/21/2017 EUR 72.96
BNP Paribas Emissions- 22.00 6/22/2017 EUR 73.00
BNP Paribas Emissions- 25.00 12/21/2017 EUR 72.89
BNP Paribas Emissions- 24.00 12/22/2016 EUR 73.62
BNP Paribas Emissions- 25.00 12/21/2017 EUR 74.24
BNP Paribas Emissions- 18.00 3/23/2017 EUR 72.77
BNP Paribas Emissions- 28.00 3/23/2017 EUR 64.84
BNP Paribas Emissions- 24.00 6/22/2017 EUR 73.39
BNP Paribas Emissions- 27.00 6/22/2017 EUR 71.49
BNP Paribas Emissions- 25.00 12/21/2017 EUR 74.53
BNP Paribas Emissions- 22.00 3/23/2017 EUR 74.95
BNP Paribas Emissions- 25.00 12/21/2017 EUR 74.51
BNP Paribas Emissions- 27.00 12/21/2017 EUR 73.66
BNP Paribas Emissions- 24.00 12/22/2016 EUR 74.38
BNP Paribas Emissions- 24.00 3/23/2017 EUR 74.54
BNP Paribas Emissions- 24.00 12/22/2016 EUR 71.66
BNP Paribas Emissions- 22.00 12/21/2017 EUR 73.63
BNP Paribas Emissions- 27.00 12/21/2017 EUR 72.10
BNP Paribas Emissions- 15.00 12/22/2016 EUR 69.33
BNP Paribas Emissions- 25.00 12/22/2016 EUR 56.19
BNP Paribas Emissions- 27.00 12/22/2016 EUR 54.04
BNP Paribas Emissions- 13.00 3/23/2017 EUR 73.87
BNP Paribas Emissions- 16.00 3/23/2017 EUR 68.47
BNP Paribas Emissions- 19.00 3/23/2017 EUR 64.06
BNP Paribas Emissions- 22.00 3/23/2017 EUR 60.59
BNP Paribas Emissions- 25.00 3/23/2017 EUR 57.90
BNP Paribas Emissions- 28.00 3/23/2017 EUR 55.83
BNP Paribas Emissions- 25.00 6/22/2017 EUR 59.40
BNP Paribas Emissions- 15.00 12/21/2017 EUR 71.86
BNP Paribas Emissions- 19.00 12/21/2017 EUR 66.84
BNP Paribas Emissions- 22.00 12/21/2017 EUR 64.45
BNP Paribas Emissions- 25.00 12/21/2017 EUR 63.52
BNP Paribas Emissions- 27.00 12/21/2017 EUR 63.03
BNP Paribas Emissions- 25.00 6/22/2017 EUR 66.97
BNP Paribas Emissions- 28.00 12/21/2017 EUR 69.34
BNP Paribas Emissions- 5.00 12/22/2016 EUR 61.96
BNP Paribas Emissions- 8.00 12/22/2016 EUR 55.14
BNP Paribas Emissions- 22.00 12/22/2016 EUR 68.26
BNP Paribas Emissions- 19.00 3/23/2017 EUR 69.91
BNP Paribas Emissions- 24.00 3/23/2017 EUR 66.85
BNP Paribas Emissions- 28.00 3/23/2017 EUR 64.19
BNP Paribas Emissions- 16.00 6/22/2017 EUR 72.34
BNP Paribas Emissions- 16.00 12/22/2016 EUR 46.35
BNP Paribas Emissions- 5.00 3/23/2017 EUR 62.69
BNP Paribas Emissions- 5.00 6/22/2017 EUR 62.18
BNP Paribas Emissions- 13.00 6/22/2017 EUR 51.40
BNP Paribas Emissions- 19.00 6/22/2017 EUR 48.92
BNP Paribas Emissions- 5.00 12/21/2017 EUR 63.27
BNP Paribas Emissions- 28.00 12/21/2017 EUR 55.57
BNP Paribas Emissions- 21.00 12/22/2016 EUR 70.90
BNP Paribas Emissions- 24.00 3/23/2017 EUR 69.91
Goldman Sachs & Co Wert 6.00 1/25/2017 EUR 68.51
Goldman Sachs & Co Wert 16.00 6/21/2017 EUR 57.20
Goldman Sachs & Co Wert 7.00 9/20/2017 EUR 65.85
Goldman Sachs & Co Wert 6.00 12/20/2017 EUR 68.77
Goldman Sachs & Co Wert 7.00 12/20/2017 EUR 67.25
Societe Generale Effekt 14.09 12/23/2016 EUR 72.42
Societe Generale Effekt 2.76 12/23/2016 EUR 73.80
Societe Generale Effekt 3.78 12/23/2016 EUR 69.84
Societe Generale Effekt 4.88 12/23/2016 EUR 66.43
Societe Generale Effekt 6.26 12/23/2016 EUR 63.28
Societe Generale Effekt 8.66 12/23/2016 EUR 59.28
Societe Generale Effekt 10.40 12/23/2016 EUR 57.01
Societe Generale Effekt 12.34 12/23/2016 EUR 55.04
Societe Generale Effekt 14.36 12/23/2016 EUR 53.31
Societe Generale Effekt 13.54 12/23/2016 EUR 73.44
Societe Generale Effekt 16.20 12/23/2016 EUR 70.59
Vontobel Financial Prod 5.50 12/23/2016 EUR 64.11
Vontobel Financial Prod 8.00 12/23/2016 EUR 53.33
Vontobel Financial Prod 3.00 3/24/2017 EUR 74.80
Vontobel Financial Prod 4.55 3/24/2017 EUR 68.21
Vontobel Financial Prod 3.50 3/24/2017 EUR 72.98
Vontobel Financial Prod 4.00 3/24/2017 EUR 71.37
Vontobel Financial Prod 4.05 3/24/2017 EUR 69.74
Vontobel Financial Prod 4.55 3/24/2017 EUR 67.15
Vontobel Financial Prod 4.60 3/24/2017 EUR 65.93
Commerzbank AG 6.50 1/20/2017 EUR 69.65
Vontobel Financial Prod 8.00 1/27/2017 EUR 69.11
Vontobel Financial Prod 6.50 1/27/2017 EUR 72.58
DZ Bank AG Deutsche Zen 4.00 6/23/2017 EUR 68.03
Vontobel Financial Prod 10.00 1/27/2017 EUR 66.17
Vontobel Financial Prod 12.00 1/27/2017 EUR 63.59
Vontobel Financial Prod 14.00 1/27/2017 EUR 61.34
DZ Bank AG Deutsche Zen 8.00 12/19/2016 EUR 68.96
DZ Bank AG Deutsche Zen 9.10 12/19/2016 EUR 67.07
DZ Bank AG Deutsche Zen 7.40 3/20/2017 EUR 70.23
WGZ-Bank AG Westdeutsch 6.50 6/26/2017 EUR 74.71
HSBC Trinkaus & Burkhar 13.50 12/23/2016 EUR 57.35
HSBC Trinkaus & Burkhar 9.20 12/23/2016 EUR 62.00
HSBC Trinkaus & Burkhar 11.70 3/24/2017 EUR 59.81
HSBC Trinkaus & Burkhar 8.30 3/24/2017 EUR 63.75
HSBC Trinkaus & Burkhar 8.90 6/23/2017 EUR 63.06
HSBC Trinkaus & Burkhar 6.30 6/23/2017 EUR 67.05
HSBC Trinkaus & Burkhar 7.80 10/28/2016 EUR 63.82
HSBC Trinkaus & Burkhar 10.70 1/27/2017 EUR 60.39
HSBC Trinkaus & Burkhar 7.20 1/27/2017 EUR 65.46
DZ Bank AG Deutsche Zen 8.00 3/24/2017 EUR 68.86
DZ Bank AG Deutsche Zen 6.00 12/23/2016 EUR 65.20
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 67.10
DZ Bank AG Deutsche Zen 8.00 3/24/2017 EUR 68.84
DZ Bank AG Deutsche Zen 5.00 6/23/2017 EUR 66.75
DZ Bank AG Deutsche Zen 8.25 12/23/2016 EUR 72.09
DZ Bank AG Deutsche Zen 12.75 12/23/2016 EUR 65.33
DZ Bank AG Deutsche Zen 7.25 2/24/2017 EUR 72.65
DZ Bank AG Deutsche Zen 11.25 2/24/2017 EUR 66.79
DZ Bank AG Deutsche Zen 7.00 3/24/2017 EUR 72.85
DZ Bank AG Deutsche Zen 11.50 3/24/2017 EUR 67.71
DZ Bank AG Deutsche Zen 8.90 12/19/2016 EUR 73.81
DZ Bank AG Deutsche Zen 8.40 3/20/2017 EUR 74.97
DZ Bank AG Deutsche Zen 10.50 12/19/2016 EUR 65.86
DZ Bank AG Deutsche Zen 8.75 3/20/2017 EUR 67.31
UBS AG/London 11.00 1/27/2017 CHF 51.46
Deutsche Bank AG 7.20 12/20/2016 EUR 58.60
Deutsche Bank AG 6.20 12/20/2016 EUR 71.10
Deutsche Bank AG 5.20 12/20/2016 EUR 70.90
DZ Bank AG Deutsche Zen 4.00 12/23/2016 EUR 67.18
Vontobel Financial Prod 9.40 10/28/2016 EUR 66.76
BNP Paribas Emissions- 8.00 3/23/2017 EUR 74.43
BNP Paribas Emissions- 28.00 3/23/2017 EUR 57.99
BNP Paribas Emissions- 27.00 12/21/2017 EUR 64.24
BNP Paribas Emissions- 21.00 12/22/2016 EUR 74.98
BNP Paribas Emissions- 19.00 6/22/2017 EUR 69.25
BNP Paribas Emissions- 19.00 3/23/2017 EUR 69.20
BNP Paribas Emissions- 8.00 3/23/2017 EUR 63.49
BNP Paribas Emissions- 22.00 3/23/2017 EUR 51.26
BNP Paribas Emissions- 29.00 3/23/2017 EUR 49.58
BNP Paribas Emissions- 10.00 12/21/2017 EUR 61.24
BNP Paribas Emissions- 29.00 12/21/2017 EUR 67.90
BNP Paribas Emissions- 29.00 3/23/2017 EUR 73.61
BNP Paribas Emissions- 27.00 12/21/2017 EUR 68.30
Vontobel Financial Prod 18.00 3/24/2017 EUR 73.98
UBS AG/London 7.00 7/17/2017 CHF 45.18
Notenstein La Roche Pri 4.00 7/24/2019 CHF 69.96
Landesbank Baden-Wuertt 3.00 8/24/2018 EUR 73.97
Landesbank Baden-Wuertt 3.40 8/24/2018 EUR 71.00
Bank Julius Baer & Co L 9.60 10/28/2016 EUR 73.90
Credit Suisse AG/Nassau 7.00 11/11/2016 EUR 73.42
Credit Suisse AG/London 7.25 5/9/2017 CHF 72.41
DZ Bank AG Deutsche Zen 14.00 11/25/2016 EUR 73.24
DZ Bank AG Deutsche Zen 5.00 11/25/2016 EUR 70.36
DZ Bank AG Deutsche Zen 5.00 11/25/2016 EUR 74.83
DZ Bank AG Deutsche Zen 5.75 11/25/2016 EUR 73.75
DZ Bank AG Deutsche Zen 9.00 12/23/2016 EUR 70.16
DZ Bank AG Deutsche Zen 9.50 12/23/2016 EUR 66.15
Commerzbank AG 8.50 10/27/2016 EUR 74.89
Vontobel Financial Prod 6.90 12/9/2016 EUR 64.29
Vontobel Financial Prod 15.10 12/23/2016 EUR 72.32
Vontobel Financial Prod 8.25 3/10/2017 EUR 66.68
Vontobel Financial Prod 8.65 3/10/2017 EUR 44.44
Vontobel Financial Prod 9.00 12/23/2016 EUR 73.95
DZ Bank AG Deutsche Zen 7.00 12/19/2016 EUR 74.60
DZ Bank AG Deutsche Zen 5.00 12/19/2016 EUR 74.15
BNP Paribas Emissions- 3.50 12/22/2016 EUR 54.95
Vontobel Financial Prod 17.00 12/23/2016 EUR 69.03
UBS AG/London 6.10 11/25/2016 EUR 62.73
DZ Bank AG Deutsche Zen 7.10 11/23/2016 EUR 45.24
UBS AG/London 7.50 2/10/2017 EUR 65.89
UBS AG/London 10.90 2/10/2017 EUR 67.81
UBS AG/London 4.70 2/10/2017 EUR 47.20
UBS AG/London 8.40 12/9/2016 EUR 64.83
UBS AG/London 12.00 12/9/2016 EUR 73.82
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 73.39
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 74.82
Goldman Sachs & Co Wert 20.00 10/26/2016 EUR 70.53
Goldman Sachs & Co Wert 19.00 11/23/2016 EUR 71.93
Goldman Sachs & Co Wert 21.00 11/23/2016 EUR 69.37
Goldman Sachs & Co Wert 14.00 11/23/2016 EUR 40.03
Goldman Sachs & Co Wert 17.00 11/23/2016 EUR 38.13
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 70.41
Goldman Sachs & Co Wert 25.00 11/23/2016 EUR 73.52
Goldman Sachs & Co Wert 23.00 12/21/2016 EUR 74.88
Goldman Sachs & Co Wert 14.00 10/26/2016 EUR 70.75
Goldman Sachs & Co Wert 13.00 11/23/2016 EUR 71.78
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 64.65
Goldman Sachs & Co Wert 19.00 12/21/2016 EUR 65.93
Goldman Sachs & Co Wert 13.00 9/20/2017 EUR 73.45
Bank Julius Baer & Co L 9.80 11/7/2016 EUR 36.70
UBS AG/London 12.00 11/4/2016 CHF 28.48
Leonteq Securities AG 10.00 11/16/2016 CHF 69.86
UBS AG 5.50 12/23/2016 EUR 71.11
UBS AG 13.75 12/23/2016 EUR 67.12
UBS AG 6.00 12/23/2016 EUR 73.55
UBS AG 8.00 12/23/2016 EUR 68.79
UBS AG 7.50 12/23/2016 EUR 40.77
UBS AG 6.00 12/23/2016 EUR 73.04
UBS AG 8.00 12/23/2016 EUR 69.57
UBS AG 7.50 12/23/2016 EUR 67.53
UBS AG 5.50 12/23/2016 EUR 44.13
UBS AG 11.00 12/23/2016 EUR 72.17
Notenstein La Roche Pri 7.80 11/9/2016 CHF 55.37
Commerzbank AG 4.25 10/27/2016 EUR 49.81
Commerzbank AG 4.75 10/27/2016 EUR 48.73
Commerzbank AG 5.25 10/27/2016 EUR 47.70
Commerzbank AG 6.00 10/27/2016 EUR 46.72
Commerzbank AG 6.50 10/27/2016 EUR 45.79
Commerzbank AG 7.25 10/27/2016 EUR 44.91
Commerzbank AG 8.00 10/27/2016 EUR 44.07
Commerzbank AG 8.75 10/27/2016 EUR 43.25
Commerzbank AG 6.00 10/27/2016 EUR 74.04
Commerzbank AG 6.75 10/27/2016 EUR 72.42
Commerzbank AG 7.25 10/27/2016 EUR 70.85
Commerzbank AG 8.00 10/27/2016 EUR 69.38
Commerzbank AG 8.75 10/27/2016 EUR 67.97
Commerzbank AG 9.50 10/27/2016 EUR 66.62
Commerzbank AG 10.25 10/27/2016 EUR 65.40
Commerzbank AG 11.00 10/27/2016 EUR 64.16
Commerzbank AG 10.75 10/27/2016 EUR 72.44
Commerzbank AG 12.75 10/27/2016 EUR 69.04
Commerzbank AG 11.50 10/27/2016 EUR 67.84
DZ Bank AG Deutsche Zen 8.75 10/28/2016 EUR 63.66
DZ Bank AG Deutsche Zen 5.50 10/28/2016 EUR 44.60
DZ Bank AG Deutsche Zen 6.50 12/23/2016 EUR 43.41
Credit Suisse AG/London 8.00 10/31/2016 CHF 72.40
PKVIT OOO 11.00 10/14/2020 RUB 62.27
Credit Suisse AG/London 8.50 11/3/2016 CHF 74.05
DZ Bank AG Deutsche Zen 7.50 12/19/2016 EUR 42.55
Commerzbank AG 7.50 10/27/2016 EUR 45.94
Vontobel Financial Prod 11.00 12/23/2016 EUR 74.63
Commerzbank AG 11.25 10/27/2016 EUR 67.93
Commerzbank AG 6.50 10/27/2016 EUR 73.68
Commerzbank AG 9.50 10/27/2016 EUR 68.48
Societe Generale Effekt 8.78 6/23/2017 EUR 74.91
Societe Generale Effekt 2.72 11/25/2016 EUR 54.73
Societe Generale Effekt 4.00 11/25/2016 EUR 51.29
Societe Generale Effekt 5.58 11/25/2016 EUR 48.36
Societe Generale Effekt 5.05 6/23/2017 EUR 56.30
Societe Generale Effekt 6.63 6/23/2017 EUR 53.44
Societe Generale Effekt 8.47 6/23/2017 EUR 50.91
Societe Generale Effekt 5.29 11/25/2016 EUR 43.77
Societe Generale Effekt 5.97 11/25/2016 EUR 42.62
Societe Generale Effekt 7.75 11/25/2016 EUR 40.26
Societe Generale Effekt 8.81 6/23/2017 EUR 46.06
Societe Generale Effekt 9.62 6/23/2017 EUR 45.20
Societe Generale Effekt 11.68 6/23/2017 EUR 43.52
Commerzbank AG 7.50 10/27/2016 EUR 68.66
Commerzbank AG 9.50 10/27/2016 EUR 65.23
Commerzbank AG 11.75 10/27/2016 EUR 62.18
Commerzbank AG 11.50 10/27/2016 EUR 73.57
Commerzbank AG 13.50 10/27/2016 EUR 70.44
Commerzbank AG 8.00 10/27/2016 EUR 72.27
Commerzbank AG 10.25 10/27/2016 EUR 68.87
Commerzbank AG 7.00 10/27/2016 EUR 46.57
Commerzbank AG 8.50 10/27/2016 EUR 43.90
Commerzbank AG 10.00 10/27/2016 EUR 41.63
Commerzbank AG 11.75 10/27/2016 EUR 39.63
Commerzbank AG 13.50 10/27/2016 EUR 37.85
Vontobel Financial Prod 13.00 12/23/2016 EUR 74.51
Credit Suisse AG/Nassau 8.00 11/7/2016 CHF 55.08
Commerzbank AG 9.00 10/27/2016 EUR 71.36
Landesbank Baden-Wuertt 5.00 4/28/2017 EUR 72.97
Landesbank Baden-Wuertt 3.00 4/28/2017 EUR 53.06
Landesbank Baden-Wuertt 4.00 4/28/2017 EUR 50.62
Landesbank Baden-Wuertt 5.00 4/28/2017 EUR 48.88
Landesbank Baden-Wuertt 3.00 4/28/2017 EUR 63.84
Landesbank Baden-Wuertt 4.00 4/28/2017 EUR 61.94
Leonteq Securities AG 16.40 2/6/2017 CHF 53.37
Leonteq Securities AG 10.00 2/6/2017 CHF 59.01
Commerzbank AG 7.00 10/27/2016 EUR 43.63
Vontobel Financial Prod 19.50 12/23/2016 EUR 66.53
Vontobel Financial Prod 15.50 12/23/2016 EUR 71.18
Vontobel Financial Prod 10.50 12/23/2016 EUR 73.02
Vontobel Financial Prod 8.00 12/23/2016 EUR 54.73
Vontobel Financial Prod 6.00 12/23/2016 EUR 57.19
Vontobel Financial Prod 4.50 12/23/2016 EUR 60.11
Vontobel Financial Prod 10.50 12/23/2016 EUR 52.68
Credit Suisse AG/London 8.00 3/29/2019 USD 10.08
Credit Suisse AG/London 8.00 3/29/2019 USD 10.10
DZ Bank AG Deutsche Zen 15.00 12/23/2016 EUR 72.60
DZ Bank AG Deutsche Zen 13.00 3/24/2017 EUR 74.78
DZ Bank AG Deutsche Zen 15.50 4/28/2017 EUR 73.14
Vontobel Financial Prod 16.30 9/8/2017 EUR 71.95
Goldman Sachs & Co Wert 20.00 10/26/2016 EUR 71.90
Goldman Sachs & Co Wert 22.00 11/23/2016 EUR 56.03
Goldman Sachs & Co Wert 21.00 12/21/2016 EUR 57.50
Goldman Sachs & Co Wert 16.00 6/21/2017 EUR 63.38
Goldman Sachs & Co Wert 18.00 10/26/2016 EUR 71.07
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 66.95
Goldman Sachs & Co Wert 16.00 3/22/2017 EUR 73.00
UniCredit Bank AG 4.80 12/22/2016 EUR 68.12
UniCredit Bank AG 4.40 12/22/2016 EUR 69.46
UniCredit Bank AG 4.00 12/22/2016 EUR 52.69
UniCredit Bank AG 5.60 12/22/2016 EUR 65.61
UniCredit Bank AG 4.00 12/22/2016 EUR 55.68
UniCredit Bank AG 5.20 12/22/2016 EUR 66.84
UniCredit Bank AG 4.25 12/22/2016 EUR 51.71
UniCredit Bank AG 4.50 12/22/2016 EUR 51.26
UniCredit Bank AG 4.00 12/22/2016 EUR 52.16
UniCredit Bank AG 4.00 12/22/2016 EUR 72.41
UniCredit Bank AG 4.75 12/22/2016 EUR 50.82
UniCredit Bank AG 5.00 12/22/2016 EUR 50.39
Leonteq Securities AG 9.00 1/30/2017 CHF 69.37
Notenstein La Roche Pri 6.00 10/30/2017 CHF 74.10
HSBC Trinkaus & Burkhar 13.50 12/23/2016 EUR 72.98
Societe Generale Effekt 5.61 11/25/2016 EUR 47.87
Deutsche Bank AG 6.20 3/21/2017 EUR 73.20
Deutsche Bank AG 8.20 3/21/2017 EUR 74.20
Deutsche Bank AG 8.20 12/20/2016 EUR 72.80
Commerzbank AG 11.75 3/23/2017 EUR 74.00
Commerzbank AG 14.00 3/23/2017 EUR 70.39
Commerzbank AG 16.75 3/23/2017 EUR 67.40
Landesbank Baden-Wuertt 9.00 10/28/2016 EUR 74.40
Lehman Brothers Treasur 2.00 11/16/2009 EUR 0.75
Lehman Brothers Treasur 3.70 6/6/2009 EUR 0.75
Lehman Brothers Treasur 8.50 7/6/2009 CHF 0.75
Lehman Brothers Treasur 6.50 7/24/2026 EUR 0.75
Lehman Brothers Treasur 4.50 8/2/2009 USD 0.75
SG Issuer SA 6.65 10/10/2021 EUR 64.26
Lehman Brothers Treasur 4.60 11/9/2011 EUR 11.88
Lehman Brothers Treasur 4.60 10/11/2017 ILS 11.88
BNP Paribas Emissions- 6.00 12/22/2016 EUR 51.73
BNP Paribas Emissions- 8.50 12/22/2016 EUR 67.85
BNP Paribas Emissions- 10.00 12/22/2016 EUR 65.57
BNP Paribas Emissions- 15.00 12/22/2016 EUR 58.02
BNP Paribas Emissions- 7.50 12/22/2016 EUR 72.90
DZ Bank AG Deutsche Zen 7.50 12/19/2016 EUR 74.72
UBS AG/London 10.40 8/11/2017 EUR 67.46
DekaBank Deutsche Giroz 3.15 2/3/2017 EUR 56.87
Bayerische Landesbank 2.60 10/19/2018 EUR 59.33
Notenstein La Roche Pri 4.00 9/27/2019 CHF 67.97
Notenstein La Roche Pri 4.50 3/27/2018 EUR 51.10
Notenstein La Roche Pri 6.50 9/27/2016 CHF 72.02
Notenstein La Roche Pri 5.00 3/27/2019 CHF 65.72
Credit Suisse AG/Nassau 7.00 10/3/2016 CHF 65.51
Zurcher Kantonalbank Fi 5.00 9/26/2016 CHF 61.22
Landesbank Hessen-Thuer 6.20 7/24/2020 EUR 62.27
DekaBank Deutsche Giroz 2.75 9/18/2018 EUR 71.72
DekaBank Deutsche Giroz 2.70 3/16/2018 EUR 51.28
Vontobel Financial Prod 7.25 12/23/2016 EUR 67.33
Vontobel Financial Prod 7.65 12/23/2016 EUR 72.32
Vontobel Financial Prod 5.85 12/23/2016 EUR 66.63
Vontobel Financial Prod 7.25 12/23/2016 EUR 54.29
Vontobel Financial Prod 4.00 12/23/2016 EUR 64.01
Vontobel Financial Prod 7.35 12/23/2016 EUR 54.78
Vontobel Financial Prod 3.85 12/23/2016 EUR 62.78
Vontobel Financial Prod 6.65 12/23/2016 EUR 39.39
Vontobel Financial Prod 3.15 12/23/2016 EUR 46.12
Vontobel Financial Prod 7.45 12/23/2016 EUR 49.35
Vontobel Financial Prod 3.05 12/23/2016 EUR 60.21
Vontobel Financial Prod 7.50 12/23/2016 EUR 64.07
Notenstein La Roche Pri 3.40 3/21/2025 CHF 73.08
Credit Suisse AG/Nassau 7.00 10/10/2016 CHF 65.63
Notenstein La Roche Pri 7.20 10/7/2016 CHF 69.29
Notenstein La Roche Pri 4.70 4/6/2018 CHF 72.22
Bayerische Landesbank 3.10 11/4/2016 EUR 46.69
Bayerische Landesbank 3.10 11/4/2016 EUR 63.48
Vontobel Financial Prod 3.50 4/6/2017 EUR 65.17
Societe Generale SA 25.50 3/30/2017 USD 42.71
Bank Julius Baer & Co L 7.80 10/14/2016 CHF 49.40
Landesbank Hessen-Thuer 4.00 4/30/2019 EUR 50.28
Bank Julius Baer & Co L 9.40 10/14/2016 EUR 47.90
Bank Julius Baer & Co L 14.00 10/14/2016 USD 74.50
BNP Paribas Emissions- 7.50 12/22/2016 EUR 68.02
BNP Paribas Emissions- 8.00 12/22/2016 EUR 70.60
BNP Paribas Emissions- 9.50 12/22/2016 EUR 66.29
BNP Paribas Emissions- 6.00 12/22/2016 EUR 58.80
BNP Paribas Emissions- 8.50 12/22/2016 EUR 52.51
BNP Paribas Emissions- 9.50 12/22/2016 EUR 71.28
BNP Paribas Emissions- 6.50 12/22/2016 EUR 40.76
BNP Paribas Emissions- 8.50 12/22/2016 EUR 37.55
BNP Paribas Emissions- 5.00 12/22/2016 EUR 63.25
BNP Paribas Emissions- 5.00 12/22/2016 EUR 69.83
BNP Paribas Emissions- 8.50 12/22/2016 EUR 74.48
BNP Paribas Emissions- 7.00 12/22/2016 EUR 69.66
BNP Paribas Emissions- 8.50 12/22/2016 EUR 67.08
BNP Paribas Emissions- 9.00 12/22/2016 EUR 49.80
DekaBank Deutsche Giroz 3.25 5/18/2018 EUR 71.04
Credit Suisse AG/Nassau 6.25 10/10/2016 EUR 64.62
Deutsche Bank AG 4.20 12/20/2016 EUR 71.20
Deutsche Bank AG 5.20 12/20/2016 EUR 68.90
Deutsche Bank AG 4.20 12/20/2016 EUR 68.60
Deutsche Bank AG 6.20 12/20/2016 EUR 69.10
Deutsche Bank AG 4.20 12/20/2016 EUR 66.20
Deutsche Bank AG 6.20 12/20/2016 EUR 66.70
Deutsche Bank AG 5.20 12/20/2016 EUR 66.40
Deutsche Bank AG 4.20 12/20/2016 EUR 72.80
Deutsche Bank AG 4.20 12/20/2016 EUR 69.50
Deutsche Bank AG 4.20 12/20/2016 EUR 53.40
Deutsche Bank AG 5.20 12/20/2016 EUR 53.60
Deutsche Bank AG 6.20 12/20/2016 EUR 53.90
Deutsche Bank AG 4.20 12/20/2016 EUR 65.90
Deutsche Bank AG 4.20 12/20/2016 EUR 63.50
Deutsche Bank AG 4.20 12/20/2016 EUR 61.30
Deutsche Bank AG 4.20 12/20/2016 EUR 51.30
Deutsche Bank AG 5.20 12/20/2016 EUR 51.50
Deutsche Bank AG 6.20 12/20/2016 EUR 51.80
Deutsche Bank AG 4.20 12/20/2016 EUR 40.20
Deutsche Bank AG 5.20 12/20/2016 EUR 39.20
Deutsche Bank AG 4.20 12/20/2016 EUR 38.90
Deutsche Bank AG 6.20 12/20/2016 EUR 39.40
Deutsche Bank AG 6.20 12/20/2016 EUR 65.20
Deutsche Bank AG 4.20 12/20/2016 EUR 64.70
Deutsche Bank AG 5.20 12/20/2016 EUR 65.00
Deutsche Bank AG 6.20 12/20/2016 EUR 63.00
Deutsche Bank AG 5.20 12/20/2016 EUR 62.80
Deutsche Bank AG 4.20 12/20/2016 EUR 62.50
Deutsche Bank AG 6.20 12/20/2016 EUR 61.00
Deutsche Bank AG 4.20 12/20/2016 EUR 60.50
Deutsche Bank AG 5.20 12/20/2016 EUR 60.70
Deutsche Bank AG 6.20 12/20/2016 EUR 69.50
Deutsche Bank AG 4.20 12/20/2016 EUR 69.10
Deutsche Bank AG 5.20 12/20/2016 EUR 69.30
Deutsche Bank AG 4.20 12/20/2016 EUR 66.10
Deutsche Bank AG 5.20 12/20/2016 EUR 66.30
Deutsche Bank AG 6.20 12/20/2016 EUR 66.60
Deutsche Bank AG 4.20 12/20/2016 EUR 54.80
Deutsche Bank AG 4.20 12/20/2016 EUR 52.50
Deutsche Bank AG 5.20 12/20/2016 EUR 52.70
Deutsche Bank AG 6.20 12/20/2016 EUR 53.00
Deutsche Bank AG 5.20 12/20/2016 EUR 50.60
Deutsche Bank AG 6.20 12/20/2016 EUR 50.80
Deutsche Bank AG 4.20 12/20/2016 EUR 50.30
Societe Generale Effekt 8.06 10/10/2016 EUR 73.29
Societe Generale Effekt 6.89 10/10/2016 EUR 69.60
Societe Generale Effekt 8.76 10/10/2016 EUR 65.51
Societe Generale Effekt 8.00 10/10/2016 EUR 59.90
Societe Generale Effekt 9.88 10/10/2016 EUR 56.25
Societe Generale Effekt 10.33 10/10/2016 EUR 40.82
Societe Generale Effekt 11.97 10/10/2016 EUR 38.69
Societe Generale Effekt 7.51 10/10/2016 EUR 42.74
Societe Generale Effekt 9.26 10/10/2016 EUR 40.39
Societe Generale Effekt 5.64 10/10/2016 EUR 72.98
Societe Generale Effekt 7.28 10/10/2016 EUR 69.00
Societe Generale Effekt 7.17 10/10/2016 EUR 63.56
Societe Generale Effekt 9.00 10/10/2016 EUR 60.05
Societe Generale Effekt 12.26 10/10/2016 EUR 71.92
Societe Generale Effekt 6.07 10/10/2016 EUR 69.96
Societe Generale Effekt 8.16 10/10/2016 EUR 65.43
Societe Generale Effekt 8.36 10/10/2016 EUR 74.21
Societe Generale Effekt 10.26 10/10/2016 EUR 70.12
Societe Generale Effekt 6.94 10/10/2016 EUR 59.31
Societe Generale Effekt 8.67 10/10/2016 EUR 56.04
Notenstein La Roche Pri 5.20 10/13/2016 CHF 70.22
Notenstein La Roche Pri 4.80 10/24/2018 CHF 68.65
Notenstein La Roche Pri 4.20 4/10/2018 EUR 55.17
UBS AG/London 7.00 12/9/2016 EUR 39.21
UBS AG/London 3.90 12/9/2016 EUR 45.65
UBS AG/London 7.50 12/9/2016 EUR 54.13
UBS AG/London 4.40 12/9/2016 EUR 63.33
UBS AG/London 3.10 12/9/2016 EUR 48.51
UBS AG/London 5.00 12/9/2016 EUR 71.52
UBS AG/London 7.20 12/9/2016 EUR 62.01
UBS AG/London 7.00 12/9/2016 EUR 74.55
UBS AG/London 3.90 12/9/2016 EUR 72.52
UBS AG/London 8.20 12/9/2016 EUR 71.14
Notenstein Finance Guer 9.00 4/1/2019 EUR 46.16
Notenstein Finance Guer 2.95 4/7/2017 CHF 70.95
WGZ-Bank AG Westdeutsch 4.50 9/27/2016 EUR 53.09
Bank Julius Baer & Co L 7.00 10/7/2016 CHF 34.40
Vontobel Financial Prod 13.35 12/23/2016 EUR 71.27
Vontobel Financial Prod 12.95 12/23/2016 EUR 66.87
Vontobel Financial Prod 12.70 12/23/2016 EUR 55.22
Vontobel Financial Prod 14.90 12/23/2016 EUR 72.76
Vontobel Financial Prod 13.40 12/23/2016 EUR 60.88
Vontobel Financial Prod 13.90 12/23/2016 EUR 31.65
Vontobel Financial Prod 13.95 12/23/2016 EUR 69.25
Vontobel Financial Prod 12.85 12/23/2016 EUR 42.71
DekaBank Deutsche Giroz 3.00 3/29/2018 EUR 71.95
DekaBank Deutsche Giroz 2.80 4/1/2019 EUR 71.69
DekaBank Deutsche Giroz 2.50 3/31/2017 EUR 64.28
Bayerische Landesbank 2.70 7/6/2018 EUR 47.96
Bayerische Landesbank 2.70 7/6/2018 EUR 61.32
Notenstein La Roche Pri 8.30 10/17/2016 USD 47.09
Notenstein La Roche Pri 7.30 10/17/2016 EUR 50.45
Notenstein La Roche Pri 6.40 10/17/2016 CHF 65.10
Notenstein La Roche Pri 3.50 10/17/2016 CHF 73.11
Notenstein La Roche Pri 7.24 10/13/2016 EUR 52.13
Zurcher Kantonalbank Fi 6.50 4/10/2018 CHF 59.55
Landesbank Hessen-Thuer 9.50 5/15/2020 EUR 69.45
Vontobel Financial Prod 3.10 12/23/2016 EUR 63.79
Vontobel Financial Prod 2.65 12/23/2016 EUR 46.00
Vontobel Financial Prod 3.10 12/23/2016 EUR 68.20
Vontobel Financial Prod 3.25 12/23/2016 EUR 60.25
Societe Generale Effekt 7.06 10/10/2016 EUR 73.76
Societe Generale Effekt 7.88 10/10/2016 EUR 71.55
Societe Generale Effekt 8.76 10/10/2016 EUR 69.47
Societe Generale Effekt 9.70 10/10/2016 EUR 67.52
Societe Generale Effekt 10.69 10/10/2016 EUR 65.67
Bank Julius Baer & Co L 9.42 10/24/2016 EUR 72.15
Zurcher Kantonalbank Fi 10.00 10/31/2016 CHF 53.75
Zurcher Kantonalbank Fi 11.60 10/31/2016 CHF 74.74
Landesbank Hessen-Thuer 8.40 5/8/2020 EUR 72.36
Credit Suisse AG/Nassau 6.25 10/31/2016 EUR 52.10
Bank Julius Baer & Co L 8.50 11/4/2016 CHF 53.80
Bank Julius Baer & Co L 10.00 11/4/2016 CHF 65.30
Leonteq Securities AG 5.00 5/7/2019 CHF 70.25
Notenstein La Roche Pri 5.20 11/4/2016 EUR 53.46
Leonteq Securities AG 17.60 10/24/2016 CHF 55.66
Leonteq Securities AG/G 3.22 11/8/2016 USD 74.06
Landesbank Baden-Wuertt 3.25 8/25/2017 EUR 47.23
Bayerische Landesbank 2.70 7/27/2018 EUR 65.31
Landesbank Baden-Wuertt 3.00 6/28/2019 EUR 65.79
Commerzbank AG 7.24 4/27/2017 EUR 40.03
Commerzbank AG 6.24 4/27/2017 EUR 70.22
Commerzbank AG 4.40 4/29/2019 EUR 66.43
Leonteq Securities AG 8.00 4/24/2017 USD 65.86
DekaBank Deutsche Giroz 3.25 4/20/2018 EUR 41.97
DekaBank Deutsche Giroz 2.60 4/21/2017 EUR 53.26
Landesbank Hessen-Thuer 4.00 6/5/2019 EUR 65.22
Landesbank Baden-Wuertt 3.15 11/25/2016 EUR 50.46
Deutsche Bank AG 6.80 3/28/2017 EUR 68.10
Notenstein La Roche Pri 4.00 5/8/2018 CHF 55.79
Notenstein La Roche Pri 8.20 11/8/2016 EUR 57.51
Raiffeisen Centrobank A 6.51 6/21/2017 EUR 74.85
Landesbank Baden-Wuertt 5.00 10/28/2016 EUR 73.95
Landesbank Baden-Wuertt 6.00 10/28/2016 EUR 71.07
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 59.29
Landesbank Baden-Wuertt 6.00 10/28/2016 EUR 72.63
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 71.62
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 66.73
Landesbank Baden-Wuertt 2.50 10/28/2016 EUR 64.24
Landesbank Baden-Wuertt 3.50 10/28/2016 EUR 60.77
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 58.86
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 65.22
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 59.66
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 46.29
Landesbank Baden-Wuertt 4.00 10/28/2016 EUR 43.57
Landesbank Baden-Wuertt 5.00 10/28/2016 EUR 41.61
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 58.20
Landesbank Baden-Wuertt 4.00 10/28/2016 EUR 55.68
Landesbank Baden-Wuertt 4.00 10/28/2016 EUR 74.09
Landesbank Baden-Wuertt 5.00 10/28/2016 EUR 71.23
Landesbank Baden-Wuertt 2.50 10/28/2016 EUR 63.42
Landesbank Baden-Wuertt 3.50 10/28/2016 EUR 59.88
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 57.09
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 71.70
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 66.55
HSBC Trinkaus & Burkhar 7.40 12/23/2016 EUR 69.55
HSBC Trinkaus & Burkhar 7.90 12/23/2016 EUR 71.91
HSBC Trinkaus & Burkhar 7.90 12/23/2016 EUR 52.38
HSBC Trinkaus & Burkhar 8.10 12/23/2016 EUR 38.63
HSBC Trinkaus & Burkhar 7.90 12/23/2016 EUR 54.97
HSBC Trinkaus & Burkhar 6.90 12/23/2016 EUR 66.73
HSBC Trinkaus & Burkhar 8.50 12/23/2016 EUR 59.96
HSBC Trinkaus & Burkhar 6.10 12/23/2016 EUR 65.56
HSBC Trinkaus & Burkhar 7.30 12/23/2016 EUR 55.76
HSBC Trinkaus & Burkhar 9.10 12/23/2016 EUR 66.39
HSBC Trinkaus & Burkhar 6.60 12/23/2016 EUR 73.46
DekaBank Deutsche Giroz 2.75 10/29/2018 EUR 41.46
DekaBank Deutsche Giroz 2.00 4/27/2018 EUR 69.11
Notenstein Finance Guer 7.19 5/6/2019 EUR 62.73
DekaBank Deutsche Giroz 2.90 10/28/2016 EUR 68.42
DekaBank Deutsche Giroz 5.80 10/21/2016 EUR 68.25
DekaBank Deutsche Giroz 3.00 4/30/2019 EUR 65.02
UBS AG 5.20 11/11/2016 EUR 74.32
UBS AG 7.40 11/11/2016 EUR 54.41
UBS AG 6.40 11/11/2016 EUR 70.61
UBS AG 3.40 11/11/2016 EUR 65.64
UBS AG 2.50 11/11/2016 EUR 68.48
UBS AG 4.40 11/11/2016 EUR 61.95
UBS AG 9.30 11/11/2016 EUR 62.75
UBS AG 5.60 11/11/2016 EUR 58.71
UBS AG 3.10 11/11/2016 EUR 68.17
Notenstein La Roche Pri 3.00 5/22/2019 CHF 73.81
Notenstein La Roche Pri 5.00 11/15/2016 CHF 74.12
EFG International Finan 6.26 5/7/2018 EUR 58.48
Landesbank Hessen-Thuer 3.15 12/12/2016 EUR 51.20
UniCredit Bank AG 4.30 7/28/2017 EUR 66.48
Landesbank Hessen-Thuer 7.40 6/12/2020 EUR 68.85
Landesbank Baden-Wuertt 3.55 8/25/2017 EUR 70.99
Credit Suisse AG/Nassau 8.00 11/21/2016 EUR 54.54
Zurcher Kantonalbank Fi 9.00 11/21/2016 CHF 56.48
Landesbank Baden-Wuertt 4.00 6/22/2018 EUR 47.59
Landesbank Baden-Wuertt 3.60 6/22/2018 EUR 59.47
Credit Suisse AG/Nassau 7.00 11/21/2016 CHF 55.70
Zurcher Kantonalbank Fi 5.37 11/18/2016 CHF 69.34
UBS AG 7.40 5/17/2021 CHF 66.57
UBS AG 7.40 5/17/2021 CHF 61.62
Notenstein La Roche Pri 8.00 11/22/2016 EUR 73.85
Notenstein La Roche Pri 7.20 11/22/2016 CHF 72.31
Vontobel Financial Prod 15.00 3/24/2017 EUR 70.15
Bank Julius Baer & Co L 7.60 3/8/2017 CHF 67.95
UBS AG/London 10.00 3/16/2017 CHF 45.08
DekaBank Deutsche Giroz 4.20 10/7/2016 EUR 50.37
Credit Suisse AG/London 5.00 10/21/2016 CHF 71.29
Vontobel Financial Prod 7.50 10/28/2016 EUR 66.93
Goldman Sachs & Co Wert 5.25 11/11/2016 EUR 39.03
Leonteq Securities AG 5.80 5/4/2017 CHF 74.75
UBS AG/London 6.25 4/18/2017 CHF 71.75
Notenstein La Roche Pri 6.50 10/24/2016 CHF 66.94
Leonteq Securities AG 5.60 4/24/2017 CHF 66.10
Leonteq Securities AG 7.20 4/24/2017 EUR 55.39
Vontobel Financial Prod 6.00 11/15/2016 EUR 39.66
Landesbank Hessen-Thuer 5.00 11/15/2016 EUR 52.90
Deutsche Bank AG 6.20 12/20/2016 EUR 64.40
Deutsche Bank AG 4.20 12/20/2016 EUR 66.50
Deutsche Bank AG 4.20 12/20/2016 EUR 63.90
Deutsche Bank AG 6.20 12/20/2016 EUR 67.00
Deutsche Bank AG 4.20 12/20/2016 EUR 55.70
Deutsche Bank AG 4.20 12/20/2016 EUR 49.30
Deutsche Bank AG 6.20 12/20/2016 EUR 49.80
Deutsche Bank AG 6.20 12/20/2016 EUR 48.00
Deutsche Bank AG 4.20 12/20/2016 EUR 74.00
Deutsche Bank AG 4.20 12/20/2016 EUR 58.10
Deutsche Bank AG 4.20 12/20/2016 EUR 47.60
Deutsche Bank AG 4.20 12/20/2016 EUR 41.60
Deutsche Bank AG 4.20 12/20/2016 EUR 35.50
Deutsche Bank AG 4.20 12/20/2016 EUR 37.70
Deutsche Bank AG 4.20 12/20/2016 EUR 68.40
Deutsche Bank AG 6.20 12/20/2016 EUR 38.20
Deutsche Bank AG 6.20 12/20/2016 EUR 37.00
Deutsche Bank AG 4.20 12/20/2016 EUR 62.90
Deutsche Bank AG 4.20 12/20/2016 EUR 36.50
Deutsche Bank AG 6.20 12/20/2016 EUR 71.80
Deutsche Bank AG 6.20 12/20/2016 EUR 36.00
Deutsche Bank AG 4.20 12/20/2016 EUR 67.00
Deutsche Bank AG 6.20 12/20/2016 EUR 59.10
Deutsche Bank AG 6.20 12/20/2016 EUR 57.30
Deutsche Bank AG 6.20 12/20/2016 EUR 72.70
Deutsche Bank AG 6.20 12/20/2016 EUR 63.90
Deutsche Bank AG 4.20 12/20/2016 EUR 72.30
Deutsche Bank AG 4.20 12/20/2016 EUR 63.40
Deutsche Bank AG 4.20 12/20/2016 EUR 58.60
Deutsche Bank AG 4.20 12/20/2016 EUR 56.80
Deutsche Bank AG 6.20 12/20/2016 EUR 61.40
Deutsche Bank AG 4.20 12/20/2016 EUR 60.90
Deutsche Bank AG 6.20 12/20/2016 EUR 67.50
Deutsche Bank AG 4.20 12/20/2016 EUR 48.40
Deutsche Bank AG 6.20 12/20/2016 EUR 48.80
Deutsche Bank AG 4.20 12/20/2016 EUR 57.40
DekaBank Deutsche Giroz 3.25 5/30/2018 EUR 73.99
Landesbank Baden-Wuertt 2.50 12/23/2016 EUR 74.44
Landesbank Baden-Wuertt 3.50 12/23/2016 EUR 67.74
Landesbank Baden-Wuertt 4.50 12/23/2016 EUR 62.76
Landesbank Baden-Wuertt 2.00 12/23/2016 EUR 57.42
Landesbank Baden-Wuertt 3.00 12/23/2016 EUR 53.45
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 50.47
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 73.55
Landesbank Baden-Wuertt 5.00 12/23/2016 EUR 48.24
Landesbank Baden-Wuertt 5.00 12/23/2016 EUR 70.23
Landesbank Baden-Wuertt 2.00 12/23/2016 EUR 71.19
Landesbank Baden-Wuertt 2.00 12/23/2016 EUR 73.85
Landesbank Baden-Wuertt 3.00 12/23/2016 EUR 65.89
Landesbank Baden-Wuertt 3.00 12/23/2016 EUR 68.96
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 62.37
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 64.72
Landesbank Baden-Wuertt 2.00 12/23/2016 EUR 56.24
Landesbank Baden-Wuertt 3.00 8/24/2018 EUR 60.42
Landesbank Baden-Wuertt 3.40 6/22/2018 EUR 68.18
Landesbank Baden-Wuertt 2.70 7/27/2018 EUR 66.67
Landesbank Baden-Wuertt 4.20 6/23/2017 EUR 59.50
Landesbank Baden-Wuertt 3.20 7/27/2018 EUR 60.02
Landesbank Baden-Wuertt 4.40 6/23/2017 EUR 73.24
Landesbank Baden-Wuertt 4.20 6/23/2017 EUR 41.67
Landesbank Baden-Wuertt 2.50 10/28/2016 EUR 52.06
Landesbank Baden-Wuertt 2.50 10/28/2016 EUR 64.91
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 63.23
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 45.86
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 68.57
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 57.89
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 47.09
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 70.09
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 69.68
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 64.17
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 73.75
Landesbank Baden-Wuertt 5.00 10/28/2016 EUR 62.32
Landesbank Baden-Wuertt 5.00 10/28/2016 EUR 74.74
Landesbank Baden-Wuertt 5.50 10/28/2016 EUR 72.66
Landesbank Baden-Wuertt 5.50 10/28/2016 EUR 43.84
Landesbank Baden-Wuertt 5.50 10/28/2016 EUR 55.38
Landesbank Baden-Wuertt 3.50 10/28/2016 EUR 48.69
Landesbank Baden-Wuertt 3.50 10/28/2016 EUR 60.83
Landesbank Baden-Wuertt 4.00 10/28/2016 EUR 65.50
Landesbank Baden-Wuertt 6.50 10/28/2016 EUR 57.16
Landesbank Baden-Wuertt 6.00 10/28/2016 EUR 59.93
Landesbank Baden-Wuertt 3.00 10/27/2017 EUR 54.04
Landesbank Baden-Wuertt 3.00 10/27/2017 EUR 64.90
Landesbank Baden-Wuertt 5.00 10/27/2017 EUR 48.54
Landesbank Baden-Wuertt 5.00 10/27/2017 EUR 58.99
Landesbank Baden-Wuertt 4.00 10/27/2017 EUR 61.97
Landesbank Baden-Wuertt 3.50 10/27/2017 EUR 71.00
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 49.95
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 58.26
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 69.64
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 73.37
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 71.25
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 71.82
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 48.02
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 54.44
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 65.44
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 67.57
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 74.19
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 67.70
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 51.40
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 62.24
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 64.47
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 71.15
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 64.28
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 48.97
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 59.41
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 71.79
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 61.58
Landesbank Baden-Wuertt 4.00 2/24/2017 EUR 70.51
Landesbank Baden-Wuertt 4.00 2/24/2017 EUR 67.51
Landesbank Baden-Wuertt 5.00 2/24/2017 EUR 66.18
Landesbank Baden-Wuertt 5.00 2/24/2017 EUR 64.66
Landesbank Baden-Wuertt 6.00 2/24/2017 EUR 62.96
Landesbank Baden-Wuertt 3.60 9/22/2017 EUR 50.67
Landesbank Baden-Wuertt 4.60 6/23/2017 EUR 69.53
Landesbank Baden-Wuertt 4.00 10/28/2016 EUR 73.77
Landesbank Baden-Wuertt 3.25 7/28/2017 EUR 70.96
Landesbank Baden-Wuertt 3.90 7/28/2017 EUR 61.99
Landesbank Baden-Wuertt 3.60 12/23/2016 EUR 49.29
Landesbank Baden-Wuertt 4.70 10/28/2016 EUR 71.42
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 73.47
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 70.06
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 65.87
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 60.39
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 74.50
Landesbank Baden-Wuertt 6.00 3/24/2017 EUR 71.52
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 66.79
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 62.41
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 59.15
Landesbank Baden-Wuertt 6.00 3/24/2017 EUR 56.37
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 44.15
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 41.95
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 40.17
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 72.11
Landesbank Baden-Wuertt 4.50 3/24/2017 EUR 66.82
Landesbank Baden-Wuertt 6.00 3/24/2017 EUR 63.16
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 64.87
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 61.36
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 59.14
Landesbank Baden-Wuertt 2.50 3/24/2017 EUR 49.20
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 59.78
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 74.60
Landesbank Baden-Wuertt 5.00 3/24/2017 EUR 71.34
Landesbank Baden-Wuertt 6.00 3/24/2017 EUR 68.36
Landesbank Baden-Wuertt 3.05 8/25/2017 EUR 71.75
Landesbank Baden-Wuertt 3.00 3/24/2017 EUR 60.45
Landesbank Baden-Wuertt 4.00 3/24/2017 EUR 57.16
Landesbank Baden-Wuertt 5.50 3/24/2017 EUR 53.50
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 74.17
Landesbank Baden-Wuertt 3.00 7/28/2017 EUR 52.91
Landesbank Baden-Wuertt 5.00 12/23/2016 EUR 51.75
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 62.18
Landesbank Baden-Wuertt 4.80 6/23/2017 EUR 58.16
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 68.90
Landesbank Baden-Wuertt 3.25 7/28/2017 EUR 63.72
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 50.10
Landesbank Baden-Wuertt 4.10 7/28/2017 EUR 73.08
Landesbank Baden-Wuertt 3.15 8/25/2017 EUR 57.29
Landesbank Baden-Wuertt 4.40 8/25/2017 EUR 65.39
Landesbank Baden-Wuertt 3.70 8/25/2017 EUR 50.36
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 59.90
Landesbank Baden-Wuertt 4.50 8/25/2017 EUR 60.99
Landesbank Baden-Wuertt 3.55 8/25/2017 EUR 54.59
Landesbank Baden-Wuertt 3.70 9/22/2017 EUR 46.99
Landesbank Baden-Wuertt 3.75 9/22/2017 EUR 54.11
Landesbank Baden-Wuertt 3.90 9/22/2017 EUR 52.86
Landesbank Baden-Wuertt 3.20 9/22/2017 EUR 45.05
Landesbank Baden-Wuertt 3.00 6/22/2018 EUR 69.90
Landesbank Baden-Wuertt 3.10 11/24/2017 EUR 59.55
Landesbank Baden-Wuertt 3.50 11/24/2017 EUR 70.64
Landesbank Baden-Wuertt 3.40 6/23/2017 EUR 66.43
Landesbank Baden-Wuertt 3.85 10/27/2017 EUR 59.23
Landesbank Baden-Wuertt 3.00 11/24/2017 EUR 67.39
Landesbank Baden-Wuertt 3.40 11/24/2017 EUR 55.64
Vontobel Financial Prod 8.00 11/25/2016 EUR 49.50
Vontobel Financial Prod 6.50 11/25/2016 EUR 49.07
Landesbank Baden-Wuertt 2.50 1/25/2019 EUR 73.79
Landesbank Baden-Wuertt 3.50 1/26/2018 EUR 52.08
Landesbank Baden-Wuertt 3.45 3/22/2019 EUR 74.99
Landesbank Baden-Wuertt 4.50 3/23/2018 EUR 69.90
Landesbank Baden-Wuertt 3.00 6/28/2019 EUR 50.10
Landesbank Baden-Wuertt 2.50 6/28/2019 EUR 62.20
Landesbank Baden-Wuertt 3.00 6/28/2019 EUR 65.05
Landesbank Baden-Wuertt 3.50 6/22/2018 EUR 58.86
Landesbank Baden-Wuertt 4.00 8/25/2017 EUR 53.57
Landesbank Baden-Wuertt 3.00 9/22/2017 EUR 71.74
Landesbank Baden-Wuertt 3.00 9/28/2018 EUR 60.05
Landesbank Baden-Wuertt 3.75 10/27/2017 EUR 60.33
Landesbank Baden-Wuertt 3.00 1/4/2019 EUR 66.31
DZ Bank AG Deutsche Zen 7.30 12/19/2016 EUR 64.69
Bank Julius Baer & Co L 6.00 11/16/2016 CHF 72.25
Barclays Bank PLC 2.50 3/7/2017 EUR 48.94
HSBC Trinkaus & Burkhar 4.50 7/28/2017 EUR 72.63
EFG International Finan 6.00 11/30/2017 EUR 24.20
Commerzbank AG 4.00 7/19/2017 EUR 39.29
Landesbank Baden-Wuertt 3.85 8/25/2017 EUR 46.85
Vontobel Financial Prod 18.00 12/23/2016 EUR 73.95
HSBC Trinkaus & Burkhar 9.80 12/23/2016 EUR 71.73
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 72.59
Societe Generale Effekt 2.50 10/7/2016 EUR 62.00
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 68.45
Goldman Sachs & Co Wert 14.00 11/23/2016 EUR 65.28
Goldman Sachs & Co Wert 18.00 11/23/2016 EUR 60.18
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 42.27
Goldman Sachs & Co Wert 20.00 11/23/2016 EUR 72.87
Kaupthing ehf 3.75 2/15/2024 ISK 17.63
Vontobel Financial Prod 13.50 12/23/2016 EUR 73.74
Vontobel Financial Prod 10.45 10/28/2016 EUR 71.54
Lehman Brothers Treasur 18.25 10/2/2008 USD 0.75
Credit Suisse AG/London 5.00 10/13/2016 CHF 69.81
Deutsche Bank AG 5.50 12/20/2016 EUR 60.20
DZ Bank AG Deutsche Zen 5.80 12/23/2016 EUR 73.64
Lehman Brothers Treasur 1.50 10/12/2010 EUR 0.75
Lehman Brothers Treasur 7.00 10/22/2010 EUR 0.75
Lehman Brothers Treasur 5.75 6/15/2009 CHF 0.75
Lehman Brothers Treasur 7.50 10/24/2008 USD 0.75
Lehman Brothers Treasur 10.00 3/27/2009 USD 0.75
Lehman Brothers Treasur 7.00 4/14/2009 EUR 0.75
Lehman Brothers Treasur 7.75 1/30/2009 EUR 0.75
Lehman Brothers Treasur 0.25 7/21/2014 EUR 0.75
Lehman Brothers Treasur 4.95 10/25/2036 EUR 0.75
Lehman Brothers Treasur 8.00 8/3/2009 USD 0.75
Lehman Brothers Treasur 5.50 6/15/2009 CHF 0.75
Lehman Brothers Treasur 1.50 10/25/2011 EUR 0.75
Lehman Brothers Treasur 2.50 12/15/2011 GBP 0.75
Lehman Brothers Treasur 4.00 11/24/2016 EUR 0.75
Lehman Brothers Treasur 7.59 11/22/2009 MXN 11.88
Lehman Brothers Treasur 7.60 3/26/2009 EUR 0.75
Lehman Brothers Treasur 7.55 12/29/2008 USD 0.75
WGZ-Bank AG Westdeutsch 6.25 12/16/2016 EUR 58.68
WGZ-Bank AG Westdeutsch 4.25 12/16/2016 EUR 74.63
WGZ-Bank AG Westdeutsch 5.25 12/16/2016 EUR 71.19
Vontobel Financial Prod 15.00 12/23/2016 EUR 73.62
Vontobel Financial Prod 16.50 12/23/2016 EUR 71.38
Deutsche Bank AG 5.50 12/20/2016 EUR 57.00
Deutsche Bank AG 5.50 12/20/2016 EUR 54.00
Lehman Brothers Treasur 4.00 10/12/2010 USD 0.75
Deutsche Bank AG 7.50 12/20/2016 EUR 57.50
Deutsche Bank AG 7.50 12/20/2016 EUR 54.50
Deutsche Bank AG 7.50 12/20/2016 EUR 51.90
Lehman Brothers Treasur 8.00 10/23/2008 USD 0.75
Goldman Sachs & Co Wert 8.00 11/23/2016 EUR 50.59
Goldman Sachs & Co Wert 8.00 11/23/2016 EUR 46.58
Lehman Brothers Treasur 12.22 11/21/2017 USD 0.75
BNP Paribas Emissions- 7.00 12/22/2016 EUR 71.64
BNP Paribas Emissions- 10.00 12/22/2016 EUR 46.08
BNP Paribas Emissions- 8.00 12/22/2016 EUR 72.75
BNP Paribas Emissions- 9.00 12/22/2016 EUR 69.42
BNP Paribas Emissions- 13.00 12/22/2016 EUR 62.82
BNP Paribas Emissions- 22.00 12/22/2016 EUR 74.21
BNP Paribas Emissions- 13.00 12/22/2016 EUR 73.62
Lehman Brothers Treasur 2.50 11/9/2011 CHF 0.75
Vontobel Financial Prod 9.20 10/28/2016 EUR 68.88
Commerzbank AG 5.00 10/28/2016 EUR 56.62
Lehman Brothers Treasur 3.00 12/3/2012 EUR 0.75
Leonteq Securities AG 10.20 1/26/2017 CHF 59.37
Lehman Brothers Treasur 4.80 11/16/2012 HKD 0.75
Landesbank Baden-Wuertt 3.00 10/28/2016 EUR 63.29
Landesbank Baden-Wuertt 4.50 10/28/2016 EUR 57.55
Landesbank Baden-Wuertt 6.00 10/28/2016 EUR 53.91
Lehman Brothers Treasur 3.50 12/20/2027 USD 0.75
BNP Paribas Emissions- 8.50 12/22/2016 EUR 68.36
BNP Paribas Emissions- 10.00 12/22/2016 EUR 65.42
BNP Paribas Emissions- 8.00 12/22/2016 EUR 49.25
BNP Paribas Emissions- 7.00 12/22/2016 EUR 49.57
BNP Paribas Emissions- 7.00 12/22/2016 EUR 71.85
BNP Paribas Emissions- 11.00 12/22/2016 EUR 63.38
BNP Paribas Emissions- 14.00 12/22/2016 EUR 60.31
Lehman Brothers Treasur 5.50 11/30/2012 CZK 0.75
BNP Paribas Emissions- 24.00 12/22/2016 EUR 71.52
BNP Paribas Emissions- 13.00 12/22/2016 EUR 73.27
Lehman Brothers Treasur 6.00 10/30/2012 USD 0.75
Lehman Brothers Treasur 16.00 10/8/2008 CHF 0.75
Lehman Brothers Treasur 3.40 9/21/2009 HKD 0.75
Deutsche Bank AG 5.50 12/20/2016 EUR 71.50
Deutsche Bank AG 7.50 12/20/2016 EUR 72.00
Deutsche Bank AG 7.50 12/20/2016 EUR 67.60
Deutsche Bank AG 7.50 12/20/2016 EUR 73.80
Lehman Brothers Treasur 13.00 7/25/2012 EUR 0.75
Lehman Brothers Treasur 10.00 8/2/2037 JPY 0.75
Goldman Sachs & Co Wert 10.00 11/23/2016 EUR 71.64
Goldman Sachs & Co Wert 4.00 11/23/2016 EUR 71.44
Goldman Sachs & Co Wert 5.00 11/23/2016 EUR 63.79
Goldman Sachs & Co Wert 7.00 11/23/2016 EUR 57.82
Goldman Sachs & Co Wert 9.00 11/23/2016 EUR 52.98
Goldman Sachs & Co Wert 6.00 3/22/2017 EUR 59.61
Goldman Sachs & Co Wert 4.00 6/21/2017 EUR 72.05
Goldman Sachs & Co Wert 16.00 3/22/2017 EUR 46.97
Lehman Brothers Treasur 2.50 8/23/2012 GBP 0.75
Drangedal Sparebank 2.30 NOK 69.45
Bank Julius Baer & Co L 7.50 10/7/2016 EUR 37.35
Bank Julius Baer & Co L 6.00 10/19/2016 CHF 68.20
Credit Suisse AG/London 7.00 10/26/2016 CHF 74.82
DZ Bank AG Deutsche Zen 6.75 10/28/2016 EUR 70.66
DZ Bank AG Deutsche Zen 12.25 10/28/2016 EUR 65.21
Vontobel Financial Prod 13.50 12/23/2016 EUR 73.44
Bank Julius Baer & Co L 3.90 10/27/2016 CHF 54.35
Deutsche Bank AG 5.20 3/21/2017 EUR 71.80
Deutsche Bank AG 5.20 3/21/2017 EUR 68.40
Deutsche Bank AG 5.20 3/21/2017 EUR 54.20
Deutsche Bank AG 5.20 3/21/2017 EUR 52.00
Deutsche Bank AG 5.20 3/21/2017 EUR 50.00
Deutsche Bank AG 5.20 3/21/2017 EUR 48.10
Deutsche Bank AG 7.20 12/20/2016 EUR 64.60
Deutsche Bank AG 7.20 3/21/2017 EUR 72.80
Deutsche Bank AG 7.20 3/21/2017 EUR 69.40
Deutsche Bank AG 7.20 3/21/2017 EUR 51.00
Deutsche Bank AG 7.20 3/21/2017 EUR 49.10
UBS AG 6.50 11/25/2016 EUR 44.98
UBS AG 6.25 11/25/2016 EUR 60.38
UniCredit Bank AG 4.00 12/22/2016 EUR 70.08
Credit Suisse AG/Nassau 7.25 10/31/2016 CHF 69.64
Landesbank Baden-Wuertt 3.35 11/23/2018 EUR 60.20
Vontobel Financial Prod 8.50 10/28/2016 EUR 47.94
Lehman Brothers Treasur 7.50 9/13/2009 CHF 0.75
Lehman Brothers Treasur 6.00 2/14/2012 EUR 0.75
Lehman Brothers Treasur 7.00 2/15/2012 EUR 0.75
Lehman Brothers Treasur 6.00 5/12/2017 EUR 0.75
Lehman Brothers Treasur 4.10 2/19/2010 EUR 0.75
Lehman Brothers Treasur 6.60 2/22/2012 EUR 0.75
Lehman Brothers Treasur 5.20 3/19/2018 EUR 0.75
Lehman Brothers Treasur 5.00 2/28/2032 EUR 0.75
Lehman Brothers Treasur 3.50 10/31/2011 USD 0.75
Lehman Brothers Treasur 3.50 10/24/2011 USD 0.75
Lehman Brothers Treasur 1.68 3/5/2015 EUR 0.75
Lehman Brothers Treasur 13.50 11/28/2008 USD 0.75
Lehman Brothers Treasur 9.00 5/15/2022 USD 0.75
Lehman Brothers Treasur 6.75 4/5/2012 EUR 0.75
Raiffeisen Centrobank A 2.80 11/14/2016 EUR 45.26
EFG International Finan 12.86 10/30/2017 EUR 20.75
DekaBank Deutsche Giroz 4.00 12/12/2016 EUR 58.38
Credit Suisse AG/London 7.20 8/2/2019 USD 9.59
UniCredit Bank AG 5.40 12/22/2016 EUR 73.94
UniCredit Bank AG 5.20 12/22/2016 EUR 74.73
Vontobel Financial Prod 10.55 12/9/2016 EUR 49.88
Vontobel Financial Prod 12.25 3/10/2017 EUR 49.20
Vontobel Financial Prod 2.50 12/9/2016 EUR 71.22
Vontobel Financial Prod 3.35 12/9/2016 EUR 67.31
Vontobel Financial Prod 5.65 3/10/2017 EUR 59.21
Vontobel Financial Prod 11.75 6/9/2017 EUR 52.01
Vontobel Financial Prod 3.75 12/23/2016 EUR 57.45
Vontobel Financial Prod 6.00 12/23/2016 EUR 41.80
Vontobel Financial Prod 7.80 12/9/2016 EUR 73.08
Vontobel Financial Prod 10.95 12/9/2016 EUR 66.14
DZ Bank AG Deutsche Zen 5.00 10/28/2016 EUR 72.23
DZ Bank AG Deutsche Zen 9.70 10/26/2016 EUR 52.86
DZ Bank AG Deutsche Zen 11.50 10/26/2016 EUR 67.12
Deutsche Bank AG 5.50 12/20/2016 EUR 74.67
Deutsche Bank AG 5.50 12/20/2016 EUR 66.98
Deutsche Bank AG 7.50 12/20/2016 EUR 50.92
Vontobel Financial Prod 12.50 10/28/2016 EUR 74.08
Vontobel Financial Prod 14.50 10/28/2016 EUR 71.44
DZ Bank AG Deutsche Zen 5.50 12/19/2016 EUR 74.82
DZ Bank AG Deutsche Zen 5.00 12/19/2016 EUR 47.65
BNP Paribas Emissions- 6.50 10/27/2016 EUR 42.10
DZ Bank AG Deutsche Zen 9.00 12/19/2016 EUR 65.64
Zurcher Kantonalbank Fi 12.53 10/14/2016 CHF 73.53
Bank Julius Baer & Co L 16.00 10/14/2016 USD 73.15
Commerzbank AG 20.00 5/28/2018 SEK 57.84
HSBC Trinkaus & Burkhar 1.75 8/25/2017 EUR 64.29
Societe Generale SA 0.50 5/22/2024 MXN 57.57
Landesbank Hessen-Thuer 4.00 5/16/2018 EUR 47.17
Vontobel Financial Prod 8.30 6/9/2017 EUR 73.86
Vontobel Financial Prod 10.95 3/10/2017 EUR 73.85
Vontobel Financial Prod 14.95 6/9/2017 EUR 74.65
Lehman Brothers Treasur 7.06 12/29/2008 EUR 0.75
Lehman Brothers Treasur 7.63 7/22/2011 HKD 0.75
HSBC Trinkaus & Burkhar 5.00 4/28/2017 EUR 56.55
Lehman Brothers Treasur 6.60 2/9/2009 EUR 0.75
Lehman Brothers Treasur 6.72 12/29/2008 EUR 0.75
HSBC Trinkaus & Burkhar 5.00 5/26/2017 EUR 73.36
Oberoesterreichische La 0.32 11/6/2030 EUR 67.63
Lehman Brothers Treasur 8.05 12/20/2010 HKD 0.75
Lehman Brothers Treasur 2.00 6/21/2011 EUR 0.75
Lehman Brothers Treasur 0.50 2/16/2009 EUR 0.75
Lehman Brothers Treasur 10.00 1/4/2010 USD 0.75
Lehman Brothers Treasur 4.25 3/13/2021 EUR 0.75
Lehman Brothers Treasur 6.00 3/17/2011 EUR 0.75
Lehman Brothers Treasur 6.00 6/21/2011 EUR 0.75
Lehman Brothers Treasur 7.50 8/1/2035 EUR 0.75
Lehman Brothers Treasur 6.00 12/6/2016 USD 0.75
Lehman Brothers Treasur 4.70 3/23/2016 EUR 0.75
Lehman Brothers Treasur 8.00 4/20/2009 EUR 0.75
Lehman Brothers Treasur 4.15 8/25/2020 EUR 0.75
Lehman Brothers Treasur 6.50 5/16/2015 EUR 0.75
Lehman Brothers Treasur 5.00 9/1/2011 EUR 0.75
Lehman Brothers Treasur 7.00 7/11/2010 EUR 0.75
Lehman Brothers Treasur 6.00 7/28/2010 EUR 0.75
Lehman Brothers Treasur 6.00 7/28/2010 EUR 0.75
Lehman Brothers Treasur 4.90 7/28/2020 EUR 0.75
Lehman Brothers Treasur 3.50 9/29/2017 EUR 0.75
Lehman Brothers Treasur 3.00 8/8/2017 EUR 0.75
Lehman Brothers Treasur 3.00 8/15/2017 EUR 0.75
Bank Nederlandse Gemeen 0.50 8/15/2022 ZAR 59.88
Municipality Finance PL 0.50 7/30/2029 AUD 73.43
HSBC Trinkaus & Burkhar 4.00 6/16/2017 EUR 71.70
HSBC Trinkaus & Burkhar 4.00 6/16/2017 EUR 66.85
HSBC Bank PLC 0.50 12/8/2020 BRL 65.72
Notenstein La Roche Pri 4.50 5/22/2018 CHF 63.83
UniCredit Bank AG 4.50 12/22/2016 EUR 64.28
Zurcher Kantonalbank Fi 9.60 11/22/2016 EUR 71.83
Lehman Brothers Treasur 8.60 7/31/2013 GBP 0.75
UniCredit Bank AG 4.40 12/22/2016 EUR 73.53
UniCredit Bank AG 7.50 12/22/2016 EUR 72.73
UniCredit Bank AG 4.00 12/22/2016 EUR 52.69
Lehman Brothers Treasur 8.28 7/31/2013 GBP 0.75
UniCredit Bank AG 4.75 12/22/2016 EUR 42.43
UniCredit Bank AG 4.25 12/22/2016 EUR 52.22
UniCredit Bank AG 4.50 12/22/2016 EUR 43.93
Lehman Brothers Treasur 3.40 3/19/2018 JPY 0.75
Immigon Portfolioabbau 5.05 8/5/2030 EUR 61.63
Notenstein La Roche Pri 4.20 5/22/2019 CHF 65.30
UniCredit Bank AG 4.50 12/22/2016 EUR 51.77
UniCredit Bank AG 5.00 12/22/2016 EUR 41.03
UniCredit Bank AG 6.00 12/22/2016 EUR 61.05
UniCredit Bank AG 5.00 12/22/2016 EUR 63.16
UniCredit Bank AG 4.00 12/22/2016 EUR 47.29
WGZ-Bank AG Westdeutsch 4.00 11/7/2016 EUR 39.94
Lehman Brothers Treasur 4.70 3/23/2016 EUR 0.75
Goldman Sachs & Co Wert 22.00 5/24/2017 EUR 74.88
Kaupthing ehf 7.00 7/24/2009 ISK 17.63
Lehman Brothers Treasur 5.00 3/13/2009 EUR 0.75
Lehman Brothers Treasur 8.88 1/28/2011 HKD 9.63
Lehman Brothers Treasur 4.05 9/16/2008 EUR 0.75
LBI HF 8.65 5/1/2011 ISK 7.75
LBI HF 5.08 3/1/2013 ISK 7.75
Oberoesterreichische La 0.30 4/25/2042 EUR 48.88
BNP Paribas SA 0.50 11/16/2032 MXN 34.45
KPNQwest NV 8.88 2/1/2008 EUR 0.57
Lehman Brothers Treasur 5.22 3/1/2024 EUR 0.75
Deutsche Bank AG 6.80 3/21/2017 EUR 73.50
Deutsche Bank AG 6.80 6/20/2017 EUR 74.20
Lehman Brothers Treasur 3.82 10/20/2009 USD 0.75
Deutsche Bank AG 6.80 12/20/2016 EUR 72.50
National Developing Co 16.00 4/15/2021 RUB 60.11
Lehman Brothers Treasur 4.10 5/20/2009 USD 0.75
Lehman Brothers Treasur 2.00 5/17/2010 EUR 0.75
Vontobel Financial Prod 13.00 3/24/2017 EUR 74.50
Vontobel Financial Prod 14.00 3/24/2017 EUR 73.15
Deutsche Bank AG 4.80 12/20/2016 EUR 72.00
Deutsche Bank AG 4.80 6/20/2017 EUR 72.70
Lehman Brothers Treasur 4.00 2/28/2010 EUR 0.75
Lehman Brothers Treasur 2.30 6/27/2013 USD 0.75
Lehman Brothers Treasur 2.37 7/15/2013 USD 0.75
DZ Bank AG Deutsche Zen 10.00 12/23/2016 EUR 67.73
Lehman Brothers Treasur 1.95 11/4/2013 EUR 0.75
Deutsche Bank AG 6.80 12/20/2016 EUR 73.70
Deutsche Bank AG 4.80 3/21/2017 EUR 72.50
Lehman Brothers Treasur 2.30 4/28/2014 JPY 0.75
Kaupthing ehf 6.50 10/8/2010 ISK 17.63
DZ Bank AG Deutsche Zen 8.00 12/23/2016 EUR 70.20
Lehman Brothers Treasur 4.87 10/8/2013 USD 0.75
Deutsche Bank AG 4.80 12/20/2016 EUR 73.20
Deutsche Bank AG 4.80 3/21/2017 EUR 74.10
Deutsche Bank AG 6.80 6/20/2017 EUR 74.50
Deutsche Bank AG 4.80 6/20/2017 EUR 73.00
Deutsche Bank AG 4.80 12/20/2016 EUR 74.90
Deutsche Bank AG 4.80 6/20/2017 EUR 74.20
HSBC Trinkaus & Burkhar 3.75 9/22/2017 EUR 73.06
Lehman Brothers Treasur 8.25 12/3/2015 EUR 11.88
Lehman Brothers Treasur 12.00 7/13/2037 JPY 0.75
Lehman Brothers Treasur 10.00 6/11/2038 JPY 0.75
BNP Paribas Emissions- 24.00 3/23/2017 EUR 68.55
Lehman Brothers Treasur 0.75 3/29/2012 EUR 0.75
Immigon Portfolioabbau 0.70 3/1/2021 EUR 69.25
BNP Paribas Emissions- 17.00 12/22/2016 EUR 73.69
BNP Paribas Emissions- 12.00 12/21/2017 EUR 71.91
BNP Paribas Emissions- 18.00 12/22/2016 EUR 64.96
BNP Paribas Emissions- 15.00 6/22/2017 EUR 69.49
Lehman Brothers Treasur 5.00 12/6/2011 EUR 0.75
BNP Paribas Emissions- 20.00 12/22/2016 EUR 74.23
Goldman Sachs & Co Wert 24.00 3/22/2017 EUR 74.63
Goldman Sachs & Co Wert 22.00 5/24/2017 EUR 71.02
BNP Paribas Emissions- 19.00 12/22/2016 EUR 73.41
BNP Paribas Emissions- 21.00 12/22/2016 EUR 70.72
BNP Paribas Emissions- 25.00 3/23/2017 EUR 66.81
Lehman Brothers Treasur 3.63 3/2/2012 EUR 0.75
BNP Paribas Emissions- 13.00 12/22/2016 EUR 73.33
BNP Paribas Emissions- 10.00 3/23/2017 EUR 73.37
BNP Paribas Emissions- 10.00 6/22/2017 EUR 73.66
Commerzbank AG 20.00 10/27/2016 EUR 69.68
Commerzbank AG 18.00 12/22/2016 EUR 72.16
Goldman Sachs & Co Wert 21.00 6/21/2017 EUR 71.90
BNP Paribas Emissions- 17.00 3/23/2017 EUR 74.37
BNP Paribas Emissions- 16.00 6/22/2017 EUR 74.10
BNP Paribas Emissions- 19.00 12/21/2017 EUR 74.91
BNP Paribas Emissions- 15.00 3/23/2017 EUR 67.40
Lehman Brothers Treasur 2.75 10/28/2009 EUR 0.75
HSBC Trinkaus & Burkhar 4.50 4/24/2017 EUR 59.26
Goldman Sachs & Co Wert 20.00 5/24/2017 EUR 72.55
BNP Paribas Emissions- 25.00 12/22/2016 EUR 67.35
BNP Paribas Emissions- 27.00 12/22/2016 EUR 63.99
BNP Paribas Emissions- 18.00 3/23/2017 EUR 73.30
BNP Paribas Emissions- 10.00 9/21/2017 EUR 74.92
Lehman Brothers Treasur 4.50 3/7/2015 EUR 0.75
SpareBank 1 Noetteroey 8.25 NOK 49.98
Lehman Brothers Treasur 4.50 12/30/2010 USD 0.75
Eksportfinans ASA 0.25 7/14/2033 CAD 44.25
Vontobel Financial Prod 3.00 10/28/2016 EUR 66.93
Vontobel Financial Prod 4.00 10/28/2016 EUR 63.32
Vontobel Financial Prod 5.00 10/28/2016 EUR 60.09
Vontobel Financial Prod 6.00 10/28/2016 EUR 57.19
Vontobel Financial Prod 7.00 10/28/2016 EUR 54.57
Vontobel Financial Prod 8.50 10/28/2016 EUR 52.25
Vontobel Financial Prod 10.00 10/28/2016 EUR 50.13
Vontobel Financial Prod 14.50 10/28/2016 EUR 44.82
Vontobel Financial Prod 16.00 10/28/2016 EUR 43.34
Vontobel Financial Prod 3.00 12/23/2016 EUR 67.32
Vontobel Financial Prod 5.00 12/23/2016 EUR 60.85
Vontobel Financial Prod 7.00 12/23/2016 EUR 55.68
Vontobel Financial Prod 9.00 12/23/2016 EUR 51.47
Vontobel Financial Prod 11.50 12/23/2016 EUR 48.12
Vontobel Financial Prod 11.50 10/28/2016 EUR 48.20
Vontobel Financial Prod 13.00 10/28/2016 EUR 46.44
Goldman Sachs & Co Wert 12.00 12/21/2016 EUR 49.99
Bank Julius Baer & Co L 8.05 10/7/2016 CHF 57.60
Bank Nederlandse Gemeen 0.50 9/20/2022 ZAR 59.30
DZ Bank AG Deutsche Zen 11.50 6/23/2017 EUR 70.16
Vontobel Financial Prod 16.10 6/9/2017 EUR 73.70
Vontobel Financial Prod 16.25 3/10/2017 EUR 73.67
Vontobel Financial Prod 14.70 3/10/2017 EUR 74.83
Vontobel Financial Prod 18.20 12/9/2016 EUR 72.27
Vontobel Financial Prod 11.75 3/10/2017 EUR 73.93
Leonteq Securities AG 10.00 12/14/2016 EUR 70.18
Vontobel Financial Prod 15.30 12/23/2016 EUR 67.52
Goldman Sachs & Co Wert 23.00 10/26/2016 EUR 73.98
Vontobel Financial Prod 5.00 11/25/2016 EUR 54.79
Vontobel Financial Prod 3.50 11/25/2016 EUR 57.25
Vontobel Financial Prod 8.60 12/23/2016 EUR 73.80
Vontobel Financial Prod 9.05 11/25/2016 EUR 48.69
Vontobel Financial Prod 12.50 11/25/2016 EUR 45.59
Deutsche Bank AG 6.20 12/20/2016 EUR 70.80
Deutsche Bank AG 6.20 12/20/2016 EUR 64.10
Vontobel Financial Prod 11.00 6/9/2017 EUR 74.23
Societe Generale Effekt 5.27 12/23/2016 EUR 58.23
Vontobel Financial Prod 12.10 12/23/2016 EUR 71.60
Goldman Sachs & Co Wert 23.00 10/26/2016 EUR 64.64
Goldman Sachs & Co Wert 21.00 12/21/2016 EUR 71.01
Vontobel Financial Prod 7.50 11/25/2016 EUR 50.49
Deutsche Bank AG 6.20 12/20/2016 EUR 66.20
Deutsche Bank AG 6.20 12/20/2016 EUR 68.30
HSBC Trinkaus & Burkhar 3.75 8/25/2017 EUR 72.02
UBS AG 7.85 12/1/2016 EUR 49.30
DZ Bank AG Deutsche Zen 6.20 12/19/2016 EUR 54.41
Vontobel Financial Prod 7.45 12/9/2016 EUR 68.01
HSBC Trinkaus & Burkhar 10.60 12/23/2016 EUR 72.93
HSBC Trinkaus & Burkhar 12.50 12/23/2016 EUR 66.78
HSBC Trinkaus & Burkhar 11.10 3/24/2017 EUR 69.13
HSBC Trinkaus & Burkhar 9.40 1/27/2017 EUR 71.35
HSBC Trinkaus & Burkhar 6.50 12/23/2016 EUR 54.13
Landesbank Baden-Wuertt 3.00 11/23/2018 EUR 67.59
Landesbank Baden-Wuertt 3.00 11/24/2017 EUR 66.72
Landesbank Baden-Wuertt 4.00 11/24/2017 EUR 57.40
DZ Bank AG Deutsche Zen 6.25 12/23/2016 EUR 72.41
HSBC Trinkaus & Burkhar 6.00 1/27/2017 EUR 71.88
HSBC Trinkaus & Burkhar 14.40 12/23/2016 EUR 64.58
Vontobel Financial Prod 9.00 6/9/2017 EUR 69.08
DZ Bank AG Deutsche Zen 9.25 7/28/2017 EUR 72.15
Leonteq Securities AG 9.00 12/14/2016 CHF 71.89
Vontobel Financial Prod 13.70 12/23/2016 EUR 69.47
Credit Suisse AG/Nassau 7.25 6/14/2017 CHF 61.67
Vontobel Financial Prod 6.00 11/25/2016 EUR 52.49
Vontobel Financial Prod 10.50 11/25/2016 EUR 47.03
DZ Bank AG Deutsche Zen 5.90 12/21/2016 EUR 52.33
UBS AG/London 13.80 12/9/2016 EUR 74.39
UBS AG/London 9.30 3/10/2017 EUR 64.16
Svensk Exportkredit AB 0.50 6/29/2029 AUD 64.78
Commerzbank AG 9.25 1/26/2017 EUR 74.75
Commerzbank AG 10.00 1/26/2017 EUR 73.20
Commerzbank AG 10.75 1/26/2017 EUR 71.69
Commerzbank AG 11.75 1/26/2017 EUR 70.33
Eiendomskreditt 5.33 NOK 69.50
Lloyds Bank PLC 0.50 7/26/2028 MXN 46.42
National Capital JSC 9.50 7/25/2018 RUB 60.03
HSBC Bank PLC 0.50 6/9/2023 MXN 62.05
Lehman Brothers Treasur 6.00 12/30/2017 EUR 0.75
Lehman Brothers Treasur 4.10 6/10/2014 SGD 9.63
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 40.79
Goldman Sachs & Co Wert 5.00 11/23/2016 EUR 67.48
Goldman Sachs & Co Wert 6.00 11/23/2016 EUR 60.64
Goldman Sachs & Co Wert 15.00 11/23/2016 EUR 46.00
Goldman Sachs & Co Wert 6.00 3/22/2017 EUR 62.52
Goldman Sachs & Co Wert 4.00 6/21/2017 EUR 68.57
UBS AG/London 13.50 10/7/2016 CHF 32.29
Notenstein La Roche Pri 7.20 4/19/2017 CHF 74.93
Leonteq Securities AG 12.20 10/19/2016 CHF 71.24
Leonteq Securities AG 11.80 10/19/2016 CHF 73.28
Lehman Brothers Treasur 3.00 8/13/2011 EUR 0.75
Lehman Brothers Treasur 5.00 4/24/2017 EUR 0.75
Lehman Brothers Treasur 7.39 5/4/2017 USD 0.75
Lehman Brothers Treasur 4.25 5/15/2010 EUR 0.75
Lehman Brothers Treasur 3.35 10/13/2016 EUR 0.75
Lehman Brothers Treasur 0.80 12/30/2016 EUR 0.75
Lehman Brothers Treasur 10.00 1/3/2012 BRL 0.75
Lehman Brothers Treasur 6.00 5/23/2018 CZK 0.75
Lehman Brothers Treasur 4.00 5/30/2010 USD 0.75
Lehman Brothers Treasur 4.00 5/17/2010 USD 0.75
Lehman Brothers Treasur 2.48 5/12/2009 USD 0.75
Lehman Brothers Treasur 2.25 5/12/2009 USD 0.75
Bulgaria Steel Finance 12.00 5/4/2013 EUR 1.09
Lehman Brothers Treasur 7.50 6/15/2017 USD 0.75
Kaupthing ehf 5.00 1/4/2027 SKK 17.63
Vontobel Financial Prod 9.85 12/23/2016 EUR 66.93
Landesbank Baden-Wuertt 5.50 11/24/2017 EUR 70.87
Landesbank Baden-Wuertt 3.00 11/24/2017 EUR 59.87
Landesbank Baden-Wuertt 5.00 11/24/2017 EUR 55.50
DZ Bank AG Deutsche Zen 7.00 12/23/2016 EUR 70.10
DZ Bank AG Deutsche Zen 5.25 12/23/2016 EUR 74.24
DZ Bank AG Deutsche Zen 7.00 12/23/2016 EUR 74.52
HSBC Trinkaus & Burkhar 8.10 12/23/2016 EUR 73.48
HSBC Trinkaus & Burkhar 12.60 3/24/2017 EUR 67.26
Vontobel Financial Prod 5.15 12/23/2016 EUR 48.49
Landesbank Hessen-Thuer 3.50 6/6/2018 EUR 70.18
Eiendomskreditt 4.38 NOK 57.47
Bank ZENIT PJSC 8.50 6/14/2024 RUB 60.10
Bank Julius Baer & Co L 5.40 5/31/2017 CHF 73.90
HSBC Trinkaus & Burkhar 3.00 5/8/2017 EUR 72.87
Lloyds Bank PLC 0.50 7/26/2021 BRL 61.27
T-Generation CJSC 12.00 6/14/2019 RUB 60.11
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 72.50
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 70.00
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 67.68
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 55.03
Landesbank Baden-Wuertt 3.50 2/24/2017 EUR 52.09
Landesbank Baden-Wuertt 4.50 2/24/2017 EUR 49.74
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 48.11
Landesbank Baden-Wuertt 2.50 2/24/2017 EUR 72.20
Landesbank Baden-Wuertt 4.00 2/24/2017 EUR 66.21
Landesbank Baden-Wuertt 5.50 2/24/2017 EUR 61.81
Leonteq Securities AG 9.00 12/14/2016 CHF 74.60
UBS AG/London 9.50 9/4/2017 CHF 32.66
UBS AG 6.30 12/9/2016 EUR 50.66
HSBC Trinkaus & Burkhar 11.30 12/23/2016 EUR 69.37
HSBC Trinkaus & Burkhar 9.10 12/23/2016 EUR 65.28
UBS AG 3.30 12/9/2016 EUR 57.40
HSBC Trinkaus & Burkhar 6.30 3/24/2017 EUR 70.82
HSBC Trinkaus & Burkhar 10.40 12/23/2016 EUR 38.04
HSBC Trinkaus & Burkhar 6.50 3/24/2017 EUR 65.04
Vontobel Financial Prod 4.25 12/9/2016 EUR 52.40
Vontobel Financial Prod 4.65 12/9/2016 EUR 70.75
Bank Julius Baer & Co L 5.60 7/24/2017 EUR 71.00
Credit Suisse AG/London 4.00 1/31/2017 CHF 74.16
Landesbank Baden-Wuertt 3.00 9/27/2019 EUR 60.48
DZ Bank AG Deutsche Zen 8.25 12/19/2016 EUR 57.37
Vontobel Financial Prod 12.00 12/23/2016 EUR 62.92
Vontobel Financial Prod 7.00 12/23/2016 EUR 48.93
Leonteq Securities AG 10.00 12/22/2016 CHF 29.26
Vontobel Financial Prod 5.00 12/16/2016 EUR 65.36
BNP Paribas Emissions- 6.00 12/22/2016 EUR 64.50
BNP Paribas Emissions- 4.00 6/22/2017 EUR 67.18
BNP Paribas Emissions- 5.00 6/22/2017 EUR 67.91
BNP Paribas Emissions- 5.00 12/22/2016 EUR 44.92
Goldman Sachs & Co Wert 9.00 9/20/2017 EUR 52.24
Soyuz AKB OAO 13.00 11/22/2019 RUB 60.06
HSBC Trinkaus & Burkhar 10.30 12/23/2016 EUR 71.27
HSBC Trinkaus & Burkhar 8.00 12/23/2016 EUR 67.28
UBS AG 5.80 12/9/2016 EUR 71.23
HSBC Trinkaus & Burkhar 7.10 3/24/2017 EUR 57.88
HSBC Trinkaus & Burkhar 8.20 12/23/2016 EUR 39.87
HSBC Trinkaus & Burkhar 6.70 3/24/2017 EUR 42.47
HSBC Trinkaus & Burkhar 9.60 12/23/2016 EUR 59.47
HSBC Trinkaus & Burkhar 6.70 3/24/2017 EUR 62.66
Vontobel Financial Prod 5.25 12/9/2016 EUR 73.96
Leonteq Securities AG 3.00 8/7/2018 CHF 74.34
DekaBank Deutsche Giroz 2.50 7/14/2017 EUR 69.86
Landesbank Baden-Wuertt 2.60 2/24/2017 EUR 45.68
UBS AG/London 6.25 7/24/2017 CHF 68.59
Landesbank Baden-Wuertt 2.60 8/23/2019 EUR 51.70
DekaBank Deutsche Giroz 2.75 6/28/2019 EUR 64.05
Bayerische Landesbank 3.70 10/7/2016 EUR 46.28
Vontobel Financial Prod 6.80 1/27/2017 EUR 69.27
DZ Bank AG Deutsche Zen 5.25 12/23/2016 EUR 60.70
National Developing Co 15.00 7/19/2018 RUB 60.30
Landesbank Baden-Wuertt 4.10 3/24/2017 EUR 53.58
Vontobel Financial Prod 8.50 12/23/2016 EUR 68.39
Vontobel Financial Prod 10.50 12/23/2016 EUR 44.52
BNP Paribas Emissions- 5.00 12/22/2016 EUR 64.27
BNP Paribas Emissions- 6.00 6/22/2017 EUR 68.37
Goldman Sachs & Co Wert 8.00 10/26/2016 EUR 44.22
Notenstein La Roche Pri 3.10 8/14/2019 CHF 74.44
Vontobel Financial Prod 24.00 12/23/2016 EUR 69.18
Bayerische Landesbank 2.50 8/31/2018 EUR 66.40
Vontobel Financial Prod 14.45 12/23/2016 EUR 59.13
Vontobel Financial Prod 15.15 12/23/2016 EUR 68.83
Vontobel Financial Prod 6.50 12/23/2016 EUR 47.16
HSBC Trinkaus & Burkhar 6.90 12/23/2016 EUR 56.52
Vontobel Financial Prod 3.10 1/2/2017 EUR 54.91
WGZ-Bank AG Westdeutsch 6.50 9/29/2016 EUR 71.14
Vontobel Financial Prod 10.00 12/23/2016 EUR 56.90
DZ Bank AG Deutsche Zen 5.60 12/19/2016 EUR 57.57
DZ Bank AG Deutsche Zen 6.50 12/19/2016 EUR 54.19
DZ Bank AG Deutsche Zen 5.70 12/19/2016 EUR 73.48
Zurcher Kantonalbank Fi 7.50 2/27/2017 EUR 71.65
Vontobel Financial Prod 15.00 12/23/2016 EUR 74.55
Vontobel Financial Prod 10.50 12/23/2016 EUR 67.89
Bayerische Landesbank 2.70 8/3/2018 EUR 69.25
Landesbank Baden-Wuertt 2.50 12/23/2016 EUR 51.67
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 74.21
WGZ-Bank AG Westdeutsch 3.25 9/27/2016 EUR 56.97
Vontobel Financial Prod 2.05 12/12/2016 EUR 68.39
UBS AG/London 8.50 1/3/2017 CHF 59.13
Leonteq Securities AG 5.00 9/4/2018 CHF 55.04
Leonteq Securities AG 10.00 12/8/2016 CHF 74.84
Vontobel Financial Prod 8.50 12/23/2016 EUR 71.01
Deutsche Bank AG 3.20 11/23/2016 EUR 60.40
Deutsche Bank AG 3.20 10/26/2016 EUR 44.00
Deutsche Bank AG 3.20 11/23/2016 EUR 47.90
Deutsche Bank AG 3.20 12/20/2016 EUR 48.20
Deutsche Bank AG 3.20 11/23/2016 EUR 44.30
Deutsche Bank AG 3.20 11/23/2016 EUR 46.00
Deutsche Bank AG 3.20 12/20/2016 EUR 63.60
Deutsche Bank AG 3.20 11/23/2016 EUR 63.40
Vontobel Financial Prod 10.50 12/23/2016 EUR 67.27
Deutsche Bank AG 3.20 11/23/2016 EUR 73.70
Deutsche Bank AG 3.20 12/20/2016 EUR 73.80
Deutsche Bank AG 3.20 10/26/2016 EUR 59.50
Deutsche Bank AG 3.20 10/26/2016 EUR 62.60
Deutsche Bank AG 3.20 11/23/2016 EUR 59.70
Deutsche Bank AG 4.20 10/26/2016 EUR 73.70
Deutsche Bank AG 4.20 10/26/2016 EUR 45.90
Deutsche Bank AG 4.20 10/26/2016 EUR 57.50
Deutsche Bank AG 4.20 10/26/2016 EUR 60.20
Deutsche Bank AG 4.20 11/23/2016 EUR 60.50
Deutsche Bank AG 4.20 11/23/2016 EUR 44.40
Deutsche Bank AG 4.20 11/23/2016 EUR 57.80
Deutsche Bank AG 8.20 10/26/2016 EUR 54.60
Deutsche Bank AG 8.20 10/26/2016 EUR 68.40
Deutsche Bank AG 8.20 12/20/2016 EUR 72.20
Goldman Sachs & Co Wert 13.00 12/21/2016 EUR 55.64
Deutsche Bank AG 8.20 11/23/2016 EUR 42.00
Deutsche Bank AG 8.20 12/20/2016 EUR 55.80
Deutsche Bank AG 8.20 10/26/2016 EUR 53.10
Deutsche Bank AG 8.20 12/20/2016 EUR 59.10
Deutsche Bank AG 4.20 10/26/2016 EUR 62.70
Deutsche Bank AG 8.20 11/23/2016 EUR 69.00
Deutsche Bank AG 8.20 12/20/2016 EUR 42.60
Deutsche Bank AG 8.20 12/20/2016 EUR 69.60
Deutsche Bank AG 4.20 12/20/2016 EUR 60.20
Deutsche Bank AG 8.20 11/23/2016 EUR 69.00
Notenstein La Roche Pri 7.20 9/4/2017 CHF 74.74
Vontobel Financial Prod 7.50 12/23/2016 EUR 73.42
UniCredit Bank AG 4.75 12/22/2016 EUR 51.32
DekaBank Deutsche Giroz 3.00 5/13/2019 EUR 74.48
Bayerische Landesbank 2.70 6/22/2018 EUR 65.75
Notenstein La Roche Pri 3.30 6/5/2019 CHF 74.82
BNP Paribas Emissions- 4.00 12/22/2016 EUR 51.27
BNP Paribas Emissions- 5.00 12/22/2016 EUR 64.41
BNP Paribas Emissions- 10.00 12/22/2016 EUR 55.05
BNP Paribas Emissions- 10.00 12/22/2016 EUR 67.32
BNP Paribas Emissions- 10.00 12/22/2016 EUR 67.91
BNP Paribas Emissions- 10.00 12/22/2016 EUR 37.97
HSBC Trinkaus & Burkhar 6.70 12/23/2016 EUR 74.94
BNP Paribas Emissions- 9.00 12/22/2016 EUR 52.81
Notenstein La Roche Pri 6.00 11/29/2016 EUR 54.50
Notenstein La Roche Pri 4.00 5/29/2017 CHF 69.35
UniCredit Bank AG 4.00 12/22/2016 EUR 67.88
UniCredit Bank AG 4.00 12/22/2016 EUR 70.43
Credit Suisse AG/Nassau 7.25 12/5/2016 CHF 68.84
Notenstein La Roche Pri 3.90 8/21/2018 CHF 74.88
DekaBank Deutsche Giroz 2.60 6/23/2017 EUR 60.53
Credit Suisse AG/Nassau 7.55 11/28/2016 CHF 39.36
Goldman Sachs & Co Wert 9.00 12/21/2016 EUR 63.83
Goldman Sachs & Co Wert 8.00 3/22/2017 EUR 72.72
UBS AG 7.40 5/17/2021 CHF 66.70
Leonteq Securities AG 9.92 5/29/2017 EUR 57.68
Notenstein La Roche Pri 4.30 6/5/2019 CHF 67.61
Notenstein La Roche Pri 6.70 12/5/2016 CHF 57.20
Leonteq Securities AG 13.00 11/14/2016 CHF 74.03
Vontobel Financial Prod 4.00 12/9/2016 EUR 60.85
Vontobel Financial Prod 6.45 12/9/2016 EUR 73.38
Vontobel Financial Prod 7.05 12/9/2016 EUR 71.90
UBS AG 4.50 11/11/2016 EUR 74.02
Vontobel Financial Prod 4.85 12/9/2016 EUR 44.58
Vontobel Financial Prod 7.65 12/9/2016 EUR 40.62
UBS AG 4.50 11/11/2016 EUR 63.63
Notenstein La Roche Pri 6.30 8/28/2017 CHF 73.24
DZ Bank AG Deutsche Zen 6.50 12/19/2016 EUR 49.82
DZ Bank AG Deutsche Zen 7.50 12/19/2016 EUR 64.26
DZ Bank AG Deutsche Zen 9.50 12/23/2016 EUR 55.85
DZ Bank AG Deutsche Zen 3.60 9/15/2017 EUR 53.92
UniCredit Bank AG 4.25 12/22/2016 EUR 50.40
UniCredit Bank AG 4.00 12/22/2016 EUR 51.44
UniCredit Bank AG 5.00 12/22/2016 EUR 47.54
UniCredit Bank AG 4.50 12/22/2016 EUR 49.41
UniCredit Bank AG 4.75 12/22/2016 EUR 48.46
UniCredit Bank AG 4.00 12/22/2016 EUR 72.78
Leonteq Securities AG 5.60 9/11/2017 CHF 55.14
Societe Generale Effekt 6.16 12/23/2016 EUR 55.45
HSBC Trinkaus & Burkhar 11.80 12/23/2016 EUR 60.19
HSBC Trinkaus & Burkhar 7.20 12/23/2016 EUR 68.11
HSBC Trinkaus & Burkhar 7.80 3/24/2017 EUR 66.68
HSBC Trinkaus & Burkhar 7.00 12/23/2016 EUR 49.03
HSBC Trinkaus & Burkhar 8.70 10/28/2016 EUR 46.25
HSBC Trinkaus & Burkhar 6.20 10/28/2016 EUR 49.98
HSBC Trinkaus & Burkhar 10.40 12/23/2016 EUR 68.73
HSBC Trinkaus & Burkhar 8.30 12/23/2016 EUR 72.10
EFG International Finan 6.21 7/22/2019 EUR 59.83
Vontobel Financial Prod 5.40 6/9/2017 EUR 74.69
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 73.06
Goldman Sachs & Co Wert 11.00 6/21/2017 EUR 64.17
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 67.16
DZ Bank AG Deutsche Zen 5.50 12/19/2016 EUR 51.30
DZ Bank AG Deutsche Zen 7.20 12/19/2016 EUR 48.50
DZ Bank AG Deutsche Zen 8.20 12/19/2016 EUR 62.45
UniCredit Bank AG 4.00 12/22/2016 EUR 55.48
UniCredit Bank AG 6.00 12/22/2016 EUR 67.29
UniCredit Bank AG 5.00 12/22/2016 EUR 53.47
UniCredit Bank AG 4.75 12/22/2016 EUR 53.96
UniCredit Bank AG 5.00 12/22/2016 EUR 69.91
DZ Bank AG Deutsche Zen 6.00 12/19/2016 EUR 72.70
DZ Bank AG Deutsche Zen 8.25 12/19/2016 EUR 74.89
DZ Bank AG Deutsche Zen 7.50 12/19/2016 EUR 45.95
Bayerische Landesbank 3.00 10/5/2018 EUR 56.13
Deutsche Bank AG 7.50 12/20/2016 EUR 66.65
Deutsche Bank AG 5.50 12/20/2016 EUR 38.89
Deutsche Bank AG 7.50 12/20/2016 EUR 60.78
HSBC Trinkaus & Burkhar 10.20 12/23/2016 EUR 62.53
HSBC Trinkaus & Burkhar 9.10 10/28/2016 EUR 63.89
HSBC Trinkaus & Burkhar 7.50 3/24/2017 EUR 49.13
HSBC Trinkaus & Burkhar 11.10 12/23/2016 EUR 73.42
DekaBank Deutsche Giroz 2.70 7/15/2019 EUR 74.35
Goldman Sachs & Co Wert 7.00 12/21/2016 EUR 71.62
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 65.91
Goldman Sachs & Co Wert 12.00 3/22/2017 EUR 63.07
Vontobel Financial Prod 10.00 12/23/2016 EUR 60.42
Vontobel Financial Prod 8.10 12/23/2016 EUR 62.94
Goldman Sachs & Co Wert 5.00 12/21/2016 EUR 48.44
Goldman Sachs & Co Wert 6.00 12/21/2016 EUR 46.79
Goldman Sachs & Co Wert 10.00 12/21/2016 EUR 41.48
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 65.58
Goldman Sachs & Co Wert 10.00 12/21/2016 EUR 61.62
Goldman Sachs & Co Wert 14.00 12/21/2016 EUR 72.29
Goldman Sachs & Co Wert 9.00 12/21/2016 EUR 73.16
Goldman Sachs & Co Wert 17.00 12/21/2016 EUR 59.60
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 72.20
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 61.86
Vontobel Financial Prod 17.30 12/23/2016 EUR 70.78
Vontobel Financial Prod 15.60 12/23/2016 EUR 47.78
Landesbank Baden-Wuertt 2.80 6/22/2018 EUR 73.53
Leonteq Securities AG 3.00 7/8/2019 CHF 71.82
DekaBank Deutsche Giroz 2.65 8/4/2017 EUR 73.04
UniCredit Bank AG 4.40 7/13/2018 EUR 47.45
DZ Bank AG Deutsche Zen 5.75 12/23/2016 EUR 69.57
BNP Paribas Emissions- 3.00 12/22/2016 EUR 53.68
BNP Paribas Emissions- 6.00 12/22/2016 EUR 72.72
BNP Paribas Emissions- 9.50 12/22/2016 EUR 63.91
BNP Paribas Emissions- 7.50 12/22/2016 EUR 56.29
BNP Paribas Emissions- 10.00 12/22/2016 EUR 74.69
BNP Paribas Emissions- 12.00 12/22/2016 EUR 71.73
BNP Paribas Emissions- 12.00 12/22/2016 EUR 33.36
Deutsche Bank AG 5.20 12/20/2016 EUR 64.10
Deutsche Bank AG 6.20 12/20/2016 EUR 64.30
Deutsche Bank AG 4.20 12/20/2016 EUR 43.10
BNP Paribas Emissions- 5.50 12/22/2016 EUR 62.41
Deutsche Bank AG 5.20 12/20/2016 EUR 70.90
Deutsche Bank AG 6.20 12/20/2016 EUR 71.20
Deutsche Bank AG 6.20 12/20/2016 EUR 67.30
BNP Paribas Emissions- 6.00 12/22/2016 EUR 68.80
BNP Paribas Emissions- 9.00 12/22/2016 EUR 62.02
Deutsche Bank AG 5.20 3/21/2017 EUR 72.70
BNP Paribas Emissions- 5.00 12/22/2016 EUR 64.27
BNP Paribas Emissions- 7.00 12/22/2016 EUR 59.03
BNP Paribas Emissions- 9.00 12/22/2016 EUR 54.72
Deutsche Bank AG 5.20 3/21/2017 EUR 59.60
Deutsche Bank AG 5.20 3/21/2017 EUR 44.70
Deutsche Bank AG 7.20 3/21/2017 EUR 44.20
BNP Paribas Emissions- 4.00 12/22/2016 EUR 48.33
Deutsche Bank AG 5.20 3/21/2017 EUR 40.50
BNP Paribas Emissions- 6.50 12/22/2016 EUR 43.65
Deutsche Bank AG 7.20 3/21/2017 EUR 70.90
Deutsche Bank AG 7.20 3/21/2017 EUR 73.60
BNP Paribas Emissions- 7.00 12/22/2016 EUR 68.91
BNP Paribas Emissions- 12.00 12/22/2016 EUR 72.96
BNP Paribas Emissions- 6.00 12/22/2016 EUR 67.83
Deutsche Bank AG 5.20 3/21/2017 EUR 72.10
Deutsche Bank AG 7.20 3/21/2017 EUR 69.30
Deutsche Bank AG 5.20 10/26/2016 EUR 70.70
Deutsche Bank AG 5.20 11/23/2016 EUR 71.10
Deutsche Bank AG 7.20 10/26/2016 EUR 57.80
Deutsche Bank AG 7.20 11/23/2016 EUR 64.00
Deutsche Bank AG 7.20 10/26/2016 EUR 42.80
Deutsche Bank AG 5.20 10/26/2016 EUR 41.10
Deutsche Bank AG 7.20 11/23/2016 EUR 43.30
Deutsche Bank AG 7.20 11/23/2016 EUR 41.80
Deutsche Bank AG 7.20 11/23/2016 EUR 40.40
Deutsche Bank AG 7.20 11/23/2016 EUR 39.10
Raiffeisen Centrobank A 9.07 3/22/2017 EUR 67.12
Raiffeisen Centrobank A 6.24 3/22/2017 EUR 69.81
Vontobel Financial Prod 8.35 12/23/2016 EUR 66.95
Landesbank Baden-Wuertt 3.75 12/23/2016 EUR 60.24
Leonteq Securities AG 10.00 11/21/2016 CHF 61.74
Vontobel Financial Prod 4.85 12/23/2016 EUR 48.94
Vontobel Financial Prod 8.35 12/23/2016 EUR 45.62
UBS AG/London 9.40 6/30/2017 EUR 38.34
HSBC Trinkaus & Burkhar 7.00 12/23/2016 EUR 43.78
HSBC Trinkaus & Burkhar 6.40 12/23/2016 EUR 70.49
HSBC Trinkaus & Burkhar 6.50 12/23/2016 EUR 58.34
DZ Bank AG Deutsche Zen 8.25 12/23/2016 EUR 61.43
WGZ-Bank AG Westdeutsch 5.00 9/29/2016 EUR 74.66
Vontobel Financial Prod 7.65 12/23/2016 EUR 60.37
Credit Suisse AG/Nassau 7.50 1/10/2017 CHF 73.08
DZ Bank AG Deutsche Zen 6.70 12/19/2016 EUR 74.30
DZ Bank AG Deutsche Zen 5.10 12/19/2016 EUR 73.49
Vontobel Financial Prod 8.00 12/23/2016 EUR 72.96
Zurcher Kantonalbank Fi 9.00 7/17/2017 EUR 66.98
DZ Bank AG Deutsche Zen 6.25 12/23/2016 EUR 49.83
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 62.65
Landesbank Baden-Wuertt 2.50 12/23/2016 EUR 73.36
Landesbank Baden-Wuertt 3.50 12/23/2016 EUR 69.62
Landesbank Baden-Wuertt 3.00 12/23/2016 EUR 65.71
Landesbank Baden-Wuertt 3.50 12/23/2016 EUR 64.93
WGZ-Bank AG Westdeutsch 2.50 9/27/2016 EUR 59.63
UBS AG/London 7.50 7/3/2017 EUR 56.88
WGZ-Bank AG Westdeutsch 4.00 12/19/2016 EUR 70.23
Banque Cantonale Vaudoi 7.25 7/3/2017 CHF 54.98
Leonteq Securities AG 10.00 12/8/2016 EUR 74.71
Deutsche Bank AG 3.20 12/20/2016 EUR 60.60
Deutsche Bank AG 3.20 12/20/2016 EUR 44.50
Deutsche Bank AG 3.20 12/20/2016 EUR 57.90
Deutsche Bank AG 3.20 12/20/2016 EUR 46.30
Deutsche Bank AG 3.20 10/26/2016 EUR 45.80
Deutsche Bank AG 3.20 10/26/2016 EUR 47.70
Vontobel Financial Prod 10.15 12/23/2016 EUR 67.86
Deutsche Bank AG 3.20 11/23/2016 EUR 62.90
Deutsche Bank AG 3.20 10/26/2016 EUR 66.10
Deutsche Bank AG 4.20 12/20/2016 EUR 74.10
Deutsche Bank AG 4.20 12/20/2016 EUR 60.90
Deutsche Bank AG 4.20 11/23/2016 EUR 46.20
Deutsche Bank AG 4.20 12/20/2016 EUR 44.80
Deutsche Bank AG 4.20 12/20/2016 EUR 46.50
Deutsche Bank AG 4.20 12/20/2016 EUR 68.50
Goldman Sachs & Co Wert 16.00 12/21/2016 EUR 64.69
Deutsche Bank AG 8.20 12/20/2016 EUR 54.30
Deutsche Bank AG 8.20 10/26/2016 EUR 65.80
Deutsche Bank AG 8.20 10/26/2016 EUR 41.40
Goldman Sachs & Co Wert 16.00 12/21/2016 EUR 67.75
Deutsche Bank AG 8.20 10/26/2016 EUR 68.40
Deutsche Bank AG 4.20 12/20/2016 EUR 63.30
Deutsche Bank AG 4.20 10/26/2016 EUR 59.60
Deutsche Bank AG 8.20 12/20/2016 EUR 61.40
Deutsche Bank AG 8.20 11/23/2016 EUR 55.20
UBS AG 5.50 10/14/2016 EUR 73.34
WGZ-Bank AG Westdeutsch 6.00 9/30/2016 EUR 74.46
UniCredit Bank AG 6.00 12/22/2016 EUR 74.72
DekaBank Deutsche Giroz 3.10 5/11/2018 EUR 74.81
DekaBank Deutsche Giroz 2.80 5/13/2019 EUR 58.84
Vontobel Financial Prod 5.00 9/30/2016 EUR 56.39
UniCredit Bank AG 4.30 12/22/2016 EUR 73.97
BNP Paribas Emissions- 12.00 12/22/2016 EUR 69.00
BNP Paribas Emissions- 7.00 12/22/2016 EUR 72.25
BNP Paribas Emissions- 6.00 12/22/2016 EUR 44.15
HSBC Trinkaus & Burkhar 8.10 12/23/2016 EUR 41.15
BNP Paribas Emissions- 10.00 12/22/2016 EUR 61.93
HSBC Trinkaus & Burkhar 8.80 12/23/2016 EUR 68.68
BNP Paribas Emissions- 9.00 12/22/2016 EUR 40.03
Zurcher Kantonalbank Fi 3.80 5/22/2017 EUR 56.42
UniCredit Bank AG 4.00 12/22/2016 EUR 61.11
UniCredit Bank AG 4.00 12/22/2016 EUR 66.10
UniCredit Bank AG 4.00 12/22/2016 EUR 54.16
UniCredit Bank AG 4.00 12/22/2016 EUR 63.33
DekaBank Deutsche Giroz 4.10 6/20/2017 EUR 62.86
DekaBank Deutsche Giroz 5.60 11/21/2016 EUR 72.63
Goldman Sachs & Co Wert 17.00 12/21/2016 EUR 72.55
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 62.97
Goldman Sachs & Co Wert 9.00 6/21/2017 EUR 66.92
Goldman Sachs & Co Wert 13.00 6/21/2017 EUR 61.44
Credit Suisse AG/Nassau 7.50 12/5/2016 CHF 55.10
Landesbank Baden-Wuertt 2.80 12/23/2016 EUR 51.74
Notenstein La Roche Pri 4.10 8/14/2018 CHF 70.07
Bayerische Landesbank 2.90 6/22/2018 EUR 51.60
Notenstein La Roche Pri 4.10 6/5/2019 CHF 68.94
BNP Paribas Emissions- 6.50 12/22/2016 EUR 62.34
BNP Paribas Emissions- 12.00 12/22/2016 EUR 72.93
HSBC Trinkaus & Burkhar 7.10 12/23/2016 EUR 54.29
HSBC Trinkaus & Burkhar 7.20 12/23/2016 EUR 73.96
BNP Paribas Emissions- 7.00 12/22/2016 EUR 67.83
BNP Paribas Emissions- 4.00 12/22/2016 EUR 60.08
BNP Paribas Emissions- 12.00 12/22/2016 EUR 58.71
BNP Paribas Emissions- 4.50 12/22/2016 EUR 67.44
BNP Paribas Emissions- 11.00 12/22/2016 EUR 38.13
BNP Paribas Emissions- 9.00 12/22/2016 EUR 74.47
Notenstein La Roche Pri 5.80 5/29/2017 CHF 69.77
Credit Suisse AG/Nassau 6.00 12/2/2016 EUR 53.10
UniCredit Bank AG 4.00 12/22/2016 EUR 74.78
UBS AG/London 7.00 5/22/2017 CHF 55.12
Landesbank Baden-Wuertt 2.50 12/22/2017 EUR 69.43
Notenstein La Roche Pri 7.00 8/14/2017 CHF 70.06
Leonteq Securities AG 5.20 8/14/2018 CHF 60.39
UBS AG/London 8.00 5/26/2017 EUR 42.79
Notenstein La Roche Pri 5.80 6/5/2018 CHF 72.38
UBS AG/London 7.50 11/28/2016 EUR 50.46
Notenstein La Roche Pri 6.30 2/14/2017 CHF 50.42
Notenstein La Roche Pri 6.20 2/14/2017 CHF 68.82
Vontobel Financial Prod 5.90 12/9/2016 EUR 69.15
Vontobel Financial Prod 8.70 12/9/2016 EUR 64.34
Leonteq Securities AG 10.40 11/14/2016 EUR 61.84
Notenstein La Roche Pri 6.00 11/21/2016 CHF 66.63
BNP Paribas Emissions- 11.00 12/22/2016 EUR 53.59
BNP Paribas Emissions- 4.50 12/22/2016 EUR 66.92
BNP Paribas Emissions- 8.00 12/22/2016 EUR 70.10
BNP Paribas Emissions- 9.00 12/22/2016 EUR 69.00
BNP Paribas Emissions- 10.00 12/22/2016 EUR 72.93
HSBC Trinkaus & Burkhar 7.40 12/23/2016 EUR 72.16
BNP Paribas Emissions- 4.50 12/22/2016 EUR 73.23
BNP Paribas Emissions- 7.50 12/22/2016 EUR 66.17
BNP Paribas Emissions- 9.50 12/22/2016 EUR 63.34
BNP Paribas Emissions- 7.00 12/22/2016 EUR 74.77
BNP Paribas Emissions- 8.50 12/22/2016 EUR 56.89
BNP Paribas Emissions- 11.00 12/22/2016 EUR 53.09
BNP Paribas Emissions- 7.00 12/22/2016 EUR 42.27
UniCredit Bank AG 4.00 12/22/2016 EUR 69.14
UniCredit Bank AG 4.00 12/22/2016 EUR 72.39
Notenstein La Roche Pri 8.22 11/25/2016 EUR 55.32
Goldman Sachs & Co Wert 13.00 3/22/2017 EUR 65.76
EFG International Finan 2.67 6/26/2018 CHF 74.31
Leonteq Securities AG 10.00 11/14/2016 CHF 39.47
Leonteq Securities AG 8.00 11/14/2016 CHF 68.76
UBS AG/London 8.25 8/7/2017 EUR 66.10
Vontobel Financial Prod 8.10 12/9/2016 EUR 74.92
Vontobel Financial Prod 4.05 12/9/2016 EUR 46.17
Vontobel Financial Prod 12.50 12/23/2016 EUR 72.84
Vontobel Financial Prod 9.80 12/23/2016 EUR 59.09
Vontobel Financial Prod 11.50 11/22/2016 EUR 69.86
Vontobel Financial Prod 15.00 12/23/2016 EUR 70.19
HSBC Trinkaus & Burkhar 7.60 12/23/2016 EUR 61.27
HSBC Trinkaus & Burkhar 9.20 12/23/2016 EUR 64.11
EFG International Finan 7.20 6/26/2017 GBP 43.03
Leonteq Securities AG 4.68 10/7/2016 EUR 72.62
DZ Bank AG Deutsche Zen 7.30 12/19/2016 EUR 42.50
DZ Bank AG Deutsche Zen 6.80 12/19/2016 EUR 71.36
Vontobel Financial Prod 8.00 12/23/2016 EUR 72.29
Zurcher Kantonalbank Fi 8.50 7/17/2017 CHF 57.68
Leonteq Securities AG 8.00 10/13/2016 CHF 69.38
Landesbank Baden-Wuertt 3.50 12/23/2016 EUR 48.88
Landesbank Baden-Wuertt 3.00 12/23/2016 EUR 65.57
Landesbank Baden-Wuertt 2.55 2/24/2017 EUR 54.79
Landesbank Baden-Wuertt 2.00 12/23/2016 EUR 69.63
Landesbank Baden-Wuertt 4.00 12/23/2016 EUR 62.74
WGZ-Bank AG Westdeutsch 3.50 2/7/2017 EUR 72.05
Landesbank Baden-Wuertt 2.50 12/23/2016 EUR 68.41
WGZ-Bank AG Westdeutsch 4.25 9/27/2016 EUR 54.72
WGZ-Bank AG Westdeutsch 5.00 9/27/2016 EUR 52.46
WGZ-Bank AG Westdeutsch 6.00 9/27/2016 EUR 50.58
Leonteq Securities AG 9.00 12/8/2016 CHF 53.81
Deutsche Bank AG 3.20 10/26/2016 EUR 63.10
Deutsche Bank AG 3.20 10/26/2016 EUR 60.10
Deutsche Bank AG 3.20 10/26/2016 EUR 57.40
Deutsche Bank AG 3.20 11/23/2016 EUR 57.70
Deutsche Bank AG 3.20 10/26/2016 EUR 64.90
Deutsche Bank AG 3.20 12/20/2016 EUR 71.50
Deutsche Bank AG 3.20 12/20/2016 EUR 63.10
Deutsche Bank AG 3.20 12/20/2016 EUR 66.60
Deutsche Bank AG 3.20 12/20/2016 EUR 60.00
Deutsche Bank AG 3.20 11/23/2016 EUR 66.30
Deutsche Bank AG 4.20 11/23/2016 EUR 73.90
Deutsche Bank AG 4.20 10/26/2016 EUR 44.10
Deutsche Bank AG 8.20 11/23/2016 EUR 53.70
Deutsche Bank AG 8.20 11/23/2016 EUR 71.60
Deutsche Bank AG 4.20 11/23/2016 EUR 59.90
Deutsche Bank AG 8.20 11/23/2016 EUR 66.40
Deutsche Bank AG 4.20 11/23/2016 EUR 63.00
Deutsche Bank AG 8.20 10/26/2016 EUR 71.00
UBS AG 5.50 10/14/2016 EUR 64.30
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 60.66
Goldman Sachs & Co Wert 14.00 12/21/2016 EUR 66.13
Goldman Sachs & Co Wert 7.00 12/21/2016 EUR 59.00
Goldman Sachs & Co Wert 14.00 12/21/2016 EUR 67.24
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 36.90
Goldman Sachs & Co Wert 14.00 12/21/2016 EUR 49.58
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 73.20
Goldman Sachs & Co Wert 15.00 12/21/2016 EUR 60.86
Goldman Sachs & Co Wert 16.00 12/21/2016 EUR 74.22
Notenstein La Roche Pri 4.30 8/21/2018 CHF 73.79
Notenstein La Roche Pri 6.80 2/21/2017 CHF 72.08
Bank Julius Baer & Co L 7.50 12/23/2016 CHF 53.15
Vontobel Financial Prod 15.15 12/23/2016 EUR 60.70
Landesbank Hessen-Thuer 3.15 10/10/2016 EUR 48.70
Raiffeisen Centrobank A 9.50 7/13/2017 EUR 73.24
Bayerische Landesbank 2.40 7/20/2018 EUR 52.60
DZ Bank AG Deutsche Zen 5.75 12/23/2016 EUR 39.82
Vontobel Financial Prod 6.25 12/2/2016 EUR 69.82
BNP Paribas Emissions- 8.00 12/22/2016 EUR 47.63
BNP Paribas Emissions- 7.00 12/22/2016 EUR 70.30
BNP Paribas Emissions- 9.00 12/22/2016 EUR 65.96
BNP Paribas Emissions- 3.50 12/22/2016 EUR 66.69
BNP Paribas Emissions- 6.00 12/22/2016 EUR 58.91
BNP Paribas Emissions- 9.50 12/22/2016 EUR 53.24
BNP Paribas Emissions- 9.00 12/22/2016 EUR 72.71
BNP Paribas Emissions- 8.00 12/22/2016 EUR 37.51
BNP Paribas Emissions- 4.00 12/22/2016 EUR 67.14
BNP Paribas Emissions- 6.00 12/22/2016 EUR 61.00
Deutsche Bank AG 6.20 12/20/2016 EUR 69.00
Deutsche Bank AG 4.20 12/20/2016 EUR 75.00
Deutsche Bank AG 4.20 12/20/2016 EUR 70.70
BNP Paribas Emissions- 6.00 12/22/2016 EUR 66.39
BNP Paribas Emissions- 7.50 12/22/2016 EUR 56.66
BNP Paribas Emissions- 6.00 12/22/2016 EUR 60.55
Deutsche Bank AG 7.20 3/21/2017 EUR 60.60
BNP Paribas Emissions- 9.50 12/22/2016 EUR 74.41
Deutsche Bank AG 5.20 3/21/2017 EUR 46.30
Deutsche Bank AG 7.20 3/21/2017 EUR 45.70
Deutsche Bank AG 5.20 3/21/2017 EUR 43.20
Deutsche Bank AG 7.20 3/21/2017 EUR 42.80
Deutsche Bank AG 5.20 3/21/2017 EUR 41.80
BNP Paribas Emissions- 6.00 12/22/2016 EUR 45.15
Deutsche Bank AG 5.20 3/21/2017 EUR 64.40
BNP Paribas Emissions- 6.00 12/22/2016 EUR 72.38
BNP Paribas Emissions- 7.00 12/22/2016 EUR 63.72
BNP Paribas Emissions- 5.00 12/22/2016 EUR 73.54
Deutsche Bank AG 5.20 3/21/2017 EUR 68.30
Deutsche Bank AG 7.20 11/23/2016 EUR 74.20
Deutsche Bank AG 7.20 10/26/2016 EUR 63.50
Deutsche Bank AG 5.20 10/26/2016 EUR 57.60
Deutsche Bank AG 7.20 11/23/2016 EUR 58.30
Deutsche Bank AG 5.20 11/23/2016 EUR 58.00
Deutsche Bank AG 5.20 10/26/2016 EUR 44.20
Deutsche Bank AG 5.20 10/26/2016 EUR 42.60
Deutsche Bank AG 7.20 10/26/2016 EUR 41.30
Deutsche Bank AG 7.20 10/26/2016 EUR 39.90
Deutsche Bank AG 5.20 10/26/2016 EUR 39.70
Deutsche Bank AG 5.20 10/26/2016 EUR 38.40
Deutsche Bank AG 5.20 11/23/2016 EUR 44.60
Raiffeisen Centrobank A 9.07 3/22/2017 EUR 64.43
Raiffeisen Centrobank A 7.37 3/22/2017 EUR 64.19
Deutsche Bank AG 5.20 10/26/2016 EUR 70.80
Deutsche Bank AG 7.20 10/26/2016 EUR 71.10
Deutsche Bank AG 5.20 11/23/2016 EUR 71.10
Vontobel Financial Prod 7.50 12/12/2016 EUR 53.27
BNP Paribas Emissions- 3.25 11/24/2017 EUR 62.46
Landesbank Hessen-Thuer 8.90 10/6/2020 EUR 59.59
Leonteq Securities AG/G 6.84 2/6/2017 EUR 74.59
Landesbank Baden-Wuertt 3.50 7/27/2018 EUR 47.55
Landesbank Baden-Wuertt 3.40 9/28/2018 EUR 51.11
UBS AG 3.60 12/9/2016 EUR 61.49
UBS AG 2.60 12/9/2016 EUR 65.06
UBS AG 2.90 12/9/2016 EUR 48.49
Landesbank Baden-Wuertt 3.50 6/23/2017 EUR 68.38
Landesbank Baden-Wuertt 5.50 6/23/2017 EUR 57.13
Landesbank Baden-Wuertt 2.50 6/23/2017 EUR 52.41
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 48.16
Landesbank Baden-Wuertt 5.50 6/23/2017 EUR 45.50
Landesbank Baden-Wuertt 2.50 6/23/2017 EUR 65.59
Landesbank Baden-Wuertt 3.50 6/23/2017 EUR 62.35
Landesbank Baden-Wuertt 5.00 6/23/2017 EUR 66.51
Landesbank Baden-Wuertt 6.00 6/23/2017 EUR 56.87
Notenstein La Roche Pri 5.80 12/12/2016 CHF 73.44
UniCredit Bank AG 4.00 12/22/2016 EUR 53.24
UniCredit Bank AG 4.00 12/22/2016 EUR 52.72
Notenstein La Roche Pri 8.02 8/11/2017 EUR 64.24
UniCredit Bank AG 4.00 12/22/2016 EUR 51.22
UniCredit Bank AG 4.00 12/22/2016 EUR 53.80
UniCredit Bank AG 4.00 12/22/2016 EUR 70.89
HSBC Trinkaus & Burkhar 7.10 12/23/2016 EUR 56.75
Vontobel Financial Prod 4.30 12/23/2016 EUR 74.08
Vontobel Financial Prod 5.35 12/23/2016 EUR 58.61
Societe Generale Effekt 4.79 10/10/2016 EUR 52.46
Societe Generale Effekt 8.26 10/10/2016 EUR 37.81
Societe Generale Effekt 5.73 10/10/2016 EUR 64.04
DekaBank Deutsche Giroz 2.80 7/22/2019 EUR 65.83
Bayerische Landesbank 2.70 7/13/2018 EUR 64.49
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 72.19
Goldman Sachs & Co Wert 5.00 12/21/2016 EUR 64.27
Goldman Sachs & Co Wert 9.00 12/21/2016 EUR 54.71
Goldman Sachs & Co Wert 10.00 12/21/2016 EUR 74.44
Goldman Sachs & Co Wert 8.00 12/21/2016 EUR 43.90
Notenstein La Roche Pri 6.20 2/21/2017 EUR 68.57
EFG International Finan 11.12 12/12/2016 USD 58.79
Vontobel Financial Prod 16.30 12/23/2016 EUR 64.33
Vontobel Financial Prod 16.35 12/23/2016 EUR 33.75
Vontobel Financial Prod 15.25 12/23/2016 EUR 73.95
Vontobel Financial Prod 5.35 12/16/2016 EUR 65.50
Landesbank Baden-Wuertt 3.55 11/25/2016 EUR 74.87
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 56.97
Notenstein La Roche Pri 3.00 7/3/2019 CHF 67.84
Leonteq Securities AG 6.77 8/17/2017 CHF 50.97
Notenstein La Roche Pri 6.50 6/26/2017 EUR 60.97
Leonteq Securities AG 10.00 9/26/2016 CHF 54.41
Leonteq Securities AG 8.40 9/26/2016 CHF 72.22
Leonteq Securities AG 9.20 9/26/2016 EUR 70.30
BNP Paribas Emissions- 9.00 12/22/2016 EUR 45.88
Vontobel Financial Prod 5.10 12/2/2016 EUR 64.98
BNP Paribas Emissions- 7.50 12/22/2016 EUR 67.93
BNP Paribas Emissions- 5.50 12/22/2016 EUR 62.11
BNP Paribas Emissions- 10.00 12/22/2016 EUR 68.58
BNP Paribas Emissions- 10.00 12/22/2016 EUR 72.58
Deutsche Bank AG 4.20 12/20/2016 EUR 63.80
BNP Paribas Emissions- 13.00 12/22/2016 EUR 72.21
Deutsche Bank AG 5.20 12/20/2016 EUR 68.80
BNP Paribas Emissions- 10.00 12/22/2016 EUR 72.29
Deutsche Bank AG 5.20 12/20/2016 EUR 67.10
Deutsche Bank AG 4.20 12/20/2016 EUR 66.80
BNP Paribas Emissions- 9.00 12/22/2016 EUR 74.09
BNP Paribas Emissions- 9.50 12/22/2016 EUR 72.21
Deutsche Bank AG 7.20 3/21/2017 EUR 73.70
BNP Paribas Emissions- 5.50 12/22/2016 EUR 61.40
Deutsche Bank AG 5.20 3/21/2017 EUR 65.20
Deutsche Bank AG 7.20 3/21/2017 EUR 66.20
BNP Paribas Emissions- 10.00 12/22/2016 EUR 72.93
Deutsche Bank AG 7.20 3/21/2017 EUR 47.30
BNP Paribas Emissions- 3.50 12/22/2016 EUR 50.26
BNP Paribas Emissions- 5.00 12/22/2016 EUR 46.67
Deutsche Bank AG 7.20 3/21/2017 EUR 41.50
BNP Paribas Emissions- 8.50 12/22/2016 EUR 41.22
BNP Paribas Emissions- 8.00 12/22/2016 EUR 65.80
BNP Paribas Emissions- 10.00 12/22/2016 EUR 59.31
Deutsche Bank AG 7.20 3/21/2017 EUR 73.10
Deutsche Bank AG 5.20 10/26/2016 EUR 73.50
Deutsche Bank AG 7.20 10/26/2016 EUR 73.70
Deutsche Bank AG 7.20 10/26/2016 EUR 70.90
Deutsche Bank AG 5.20 11/23/2016 EUR 73.90
Deutsche Bank AG 7.20 11/23/2016 EUR 71.40
Bank Julius Baer & Co L 6.00 6/19/2017 EUR 68.75
Credit Suisse AG/London 6.10 12/19/2016 EUR 40.86
Deutsche Bank AG 5.20 10/26/2016 EUR 63.30
Deutsche Bank AG 5.20 11/23/2016 EUR 63.70
Deutsche Bank AG 7.20 10/26/2016 EUR 44.40
Deutsche Bank AG 7.20 10/26/2016 EUR 38.50
Deutsche Bank AG 7.20 11/23/2016 EUR 44.90
Deutsche Bank AG 5.20 11/23/2016 EUR 43.00
Deutsche Bank AG 5.20 11/23/2016 EUR 41.50
Deutsche Bank AG 5.20 11/23/2016 EUR 40.10
Deutsche Bank AG 5.20 11/23/2016 EUR 38.80
Raiffeisen Centrobank A 7.37 3/22/2017 EUR 68.91
Deutsche Bank AG 7.20 11/23/2016 EUR 71.60
Deutsche Bank AG 5.20 11/23/2016 EUR 74.90
Deutsche Bank AG 5.20 11/23/2016 EUR 66.70
Landesbank Baden-Wuertt 3.00 7/26/2019 EUR 68.60
Vontobel Financial Prod 5.00 12/23/2016 EUR 64.25
Vontobel Financial Prod 13.40 12/23/2016 EUR 51.71
Deutsche Bank AG 6.50 12/20/2016 EUR 74.23
EFG International Finan 5.30 6/24/2019 EUR 58.36
Vontobel Financial Prod 6.00 12/23/2016 EUR 55.63
Goldman Sachs & Co Wert 14.00 6/21/2017 EUR 71.27
Goldman Sachs & Co Wert 4.00 6/21/2017 EUR 74.91
Goldman Sachs & Co Wert 13.00 6/21/2017 EUR 53.90
Goldman Sachs & Co Wert 12.00 6/21/2017 EUR 73.03
Goldman Sachs & Co Wert 16.00 12/21/2016 EUR 37.13
Goldman Sachs & Co Wert 3.00 3/22/2017 EUR 61.07
Goldman Sachs & Co Wert 14.00 3/22/2017 EUR 40.26
Goldman Sachs & Co Wert 6.00 6/21/2017 EUR 51.74
Goldman Sachs & Co Wert 13.00 3/22/2017 EUR 71.20
Goldman Sachs & Co Wert 6.00 3/22/2017 EUR 73.17
Vontobel Financial Prod 6.85 12/23/2016 EUR 67.73
Vontobel Financial Prod 10.80 12/23/2016 EUR 62.07
Leonteq Securities AG 5.40 8/28/2017 CHF 54.49
Leonteq Securities AG 10.00 11/28/2016 CHF 74.15
UBS AG/London 7.00 6/26/2017 EUR 60.56
Deutsche Bank AG 4.50 12/20/2016 EUR 64.20
Notenstein La Roche Pri 6.90 8/28/2017 CHF 67.41
Landesbank Baden-Wuertt 3.70 7/27/2018 EUR 64.98
Deutsche Bank AG 6.50 12/20/2016 EUR 66.50
Deutsche Bank AG 4.50 12/20/2016 EUR 66.00
Deutsche Bank AG 6.50 12/20/2016 EUR 62.20
Deutsche Bank AG 8.20 12/20/2016 EUR 60.20
Zurcher Kantonalbank Fi 5.80 8/21/2017 CHF 66.68
Deutsche Bank AG 6.50 12/20/2016 EUR 72.40
Vontobel Financial Prod 4.00 12/12/2016 EUR 60.30
Vontobel Financial Prod 4.45 12/9/2016 EUR 68.39
Vontobel Financial Prod 5.00 12/9/2016 EUR 71.34
Landesbank Baden-Wuertt 3.40 7/27/2018 EUR 61.71
UBS AG 3.30 12/9/2016 EUR 63.76
UBS AG 4.30 12/9/2016 EUR 74.05
Landesbank Baden-Wuertt 5.50 6/23/2017 EUR 71.99
Landesbank Baden-Wuertt 2.50 6/23/2017 EUR 66.76
Landesbank Baden-Wuertt 5.50 6/23/2017 EUR 74.79
Landesbank Baden-Wuertt 4.50 6/23/2017 EUR 59.93
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 72.34
Landesbank Baden-Wuertt 5.50 6/23/2017 EUR 72.48
Landesbank Baden-Wuertt 3.00 6/23/2017 EUR 64.19
Landesbank Baden-Wuertt 5.00 6/23/2017 EUR 58.71
Notenstein La Roche Pri 6.40 6/12/2017 CHF 70.33
UniCredit Bank AG 4.00 12/22/2016 EUR 73.21
UniCredit Bank AG 4.00 12/22/2016 EUR 51.29
Notenstein La Roche Pri 7.00 8/11/2017 CHF 63.81
Credit Suisse AG/Nassau 6.38 6/12/2017 EUR 57.55
HSBC Trinkaus & Burkhar 8.50 12/23/2016 EUR 71.20
HSBC Trinkaus & Burkhar 7.10 12/23/2016 EUR 74.39
Vontobel Financial Prod 6.40 12/23/2016 EUR 69.18
Vontobel Financial Prod 8.05 12/23/2016 EUR 37.35
Vontobel Financial Prod 6.15 12/23/2016 EUR 39.26
Vontobel Financial Prod 4.45 12/23/2016 EUR 41.56
Vontobel Financial Prod 7.75 12/23/2016 EUR 54.40
Vontobel Financial Prod 12.50 12/23/2016 EUR 56.01
Vontobel Financial Prod 5.00 1/10/2017 EUR 41.25
Societe Generale Effekt 9.72 10/10/2016 EUR 44.31
Credit Suisse AG/Nassau 8.00 2/21/2017 EUR 72.68
Credit Suisse AG/London 7.00 2/20/2017 CHF 73.66
Societe Generale Effekt 9.99 10/10/2016 EUR 35.69
Societe Generale Effekt 4.26 10/10/2016 EUR 68.01
Societe Generale Effekt 9.39 10/10/2016 EUR 57.42
DZ Bank AG Deutsche Zen 3.45 8/25/2017 EUR 50.19
Goldman Sachs & Co Wert 3.00 3/22/2017 EUR 64.12
Goldman Sachs & Co Wert 6.00 12/21/2016 EUR 71.66
Vontobel Financial Prod 5.05 12/9/2016 EUR 68.51
DekaBank Deutsche Giroz 4.75 1/20/2017 EUR 62.42
UBS AG 4.30 12/9/2016 EUR 59.82
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 60.91
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 69.03
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 61.19
Notenstein La Roche Pri 7.00 12/12/2016 EUR 58.82
UniCredit Bank AG 4.00 12/22/2016 EUR 52.21
UniCredit Bank AG 4.00 12/22/2016 EUR 51.71
UniCredit Bank AG 4.00 12/22/2016 EUR 73.35
HSBC Trinkaus & Burkhar 7.20 12/23/2016 EUR 42.33
HSBC Trinkaus & Burkhar 7.10 12/23/2016 EUR 72.93
HSBC Trinkaus & Burkhar 7.70 12/23/2016 EUR 61.69
Vontobel Financial Prod 5.30 12/23/2016 EUR 71.51
Raiffeisen Centrobank A 6.89 6/20/2017 EUR 55.82
Landesbank Hessen-Thuer 3.60 10/10/2016 EUR 74.10
Societe Generale Effekt 6.25 10/10/2016 EUR 49.34
Societe Generale Effekt 13.91 10/10/2016 EUR 32.15
DekaBank Deutsche Giroz 5.15 12/9/2016 EUR 58.47
Deutsche Bank AG 5.20 10/26/2016 EUR 74.50
Deutsche Bank AG 5.20 10/26/2016 EUR 70.10
Deutsche Bank AG 5.20 10/26/2016 EUR 66.30
Deutsche Bank AG 7.20 10/26/2016 EUR 66.40
Deutsche Bank AG 7.20 11/23/2016 EUR 67.00
Vontobel Financial Prod 7.60 12/23/2016 EUR 56.51
Vontobel Financial Prod 10.00 12/23/2016 EUR 49.51
Vontobel Financial Prod 11.70 12/23/2016 EUR 47.57
Goldman Sachs & Co Wert 6.00 3/22/2017 EUR 65.95
Goldman Sachs & Co Wert 8.00 3/22/2017 EUR 61.33
Goldman Sachs & Co Wert 14.00 3/22/2017 EUR 52.01
Goldman Sachs & Co Wert 5.00 6/21/2017 EUR 71.52
Goldman Sachs & Co Wert 6.00 6/21/2017 EUR 66.00
Goldman Sachs & Co Wert 8.00 6/21/2017 EUR 62.09
Goldman Sachs & Co Wert 13.00 3/22/2017 EUR 72.97
Goldman Sachs & Co Wert 3.00 12/21/2016 EUR 54.71
Goldman Sachs & Co Wert 4.00 3/22/2017 EUR 55.99
Goldman Sachs & Co Wert 4.00 3/22/2017 EUR 53.56
Goldman Sachs & Co Wert 5.00 3/22/2017 EUR 49.77
Goldman Sachs & Co Wert 6.00 3/22/2017 EUR 48.38
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 47.12
Goldman Sachs & Co Wert 8.00 3/22/2017 EUR 44.50
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 42.77
Goldman Sachs & Co Wert 3.00 6/21/2017 EUR 61.53
Goldman Sachs & Co Wert 4.00 6/21/2017 EUR 54.48
Goldman Sachs & Co Wert 4.00 6/21/2017 EUR 56.86
Goldman Sachs & Co Wert 6.00 6/21/2017 EUR 49.87
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 45.31
Goldman Sachs & Co Wert 13.00 6/21/2017 EUR 73.51
Goldman Sachs & Co Wert 4.00 12/21/2016 EUR 71.01
Goldman Sachs & Co Wert 4.00 6/21/2017 EUR 72.12
Goldman Sachs & Co Wert 5.00 6/21/2017 EUR 69.26
Vontobel Financial Prod 5.00 12/23/2016 EUR 71.15
UBS AG/London 9.25 6/26/2017 CHF 69.09
Deutsche Bank AG 6.50 12/20/2016 EUR 59.80
Deutsche Bank AG 4.50 12/20/2016 EUR 59.30
Deutsche Bank AG 6.50 12/20/2016 EUR 59.00
Deutsche Bank AG 4.50 12/20/2016 EUR 58.50
Deutsche Bank AG 6.50 12/20/2016 EUR 64.70
Deutsche Bank AG 4.50 12/20/2016 EUR 61.70
Deutsche Bank AG 8.20 12/20/2016 EUR 59.40
Deutsche Bank AG 8.20 12/20/2016 EUR 62.60
Deutsche Bank AG 6.20 12/20/2016 EUR 72.30
Deutsche Bank AG 6.20 6/20/2017 EUR 73.80
Goldman Sachs & Co Wert 21.00 6/21/2017 EUR 72.52
BNP Paribas Emissions- 11.00 12/22/2016 EUR 68.94
BNP Paribas Emissions- 6.50 12/22/2016 EUR 55.65
BNP Paribas Emissions- 10.00 12/22/2016 EUR 49.71
BNP Paribas Emissions- 10.00 12/22/2016 EUR 72.55
BNP Paribas Emissions- 15.00 12/22/2016 EUR 64.30
Vontobel Financial Prod 4.50 12/23/2016 EUR 57.77
Vontobel Financial Prod 14.50 12/23/2016 EUR 43.97
Vontobel Financial Prod 14.00 12/23/2016 EUR 57.56
Vontobel Financial Prod 15.00 12/23/2016 EUR 56.22
Vontobel Financial Prod 6.50 12/23/2016 EUR 70.26
Vontobel Financial Prod 9.50 12/23/2016 EUR 63.94
Vontobel Financial Prod 5.75 12/23/2016 EUR 72.76
Bank Julius Baer & Co L 7.50 9/30/2016 EUR 37.45
Goldman Sachs & Co Wert 19.00 12/21/2016 EUR 69.74
Goldman Sachs & Co Wert 16.00 3/22/2017 EUR 73.15
Goldman Sachs & Co Wert 3.00 12/21/2016 EUR 71.34
Goldman Sachs & Co Wert 6.00 12/21/2016 EUR 61.07
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 57.43
Goldman Sachs & Co Wert 7.00 6/21/2017 EUR 59.06
Credit Suisse AG/Nassau 7.00 10/13/2016 CHF 73.04
Deutsche Bank AG 4.20 12/20/2016 EUR 74.70
Deutsche Bank AG 4.20 12/20/2016 EUR 57.90
Deutsche Bank AG 4.20 12/20/2016 EUR 52.70
Deutsche Bank AG 4.20 12/20/2016 EUR 72.20
Deutsche Bank AG 6.20 12/20/2016 EUR 70.00
Deutsche Bank AG 6.20 10/26/2016 EUR 74.50
Deutsche Bank AG 5.20 11/23/2016 EUR 74.70
Deutsche Bank AG 6.20 11/23/2016 EUR 74.90
Deutsche Bank AG 6.20 10/26/2016 EUR 54.70
Deutsche Bank AG 6.20 10/26/2016 EUR 52.30
Deutsche Bank AG 6.20 10/26/2016 EUR 50.00
Deutsche Bank AG 5.20 11/23/2016 EUR 55.00
Deutsche Bank AG 5.20 11/23/2016 EUR 52.60
Deutsche Bank AG 5.20 11/23/2016 EUR 50.30
Deutsche Bank AG 6.20 10/26/2016 EUR 72.00
Deutsche Bank AG 5.20 10/26/2016 EUR 69.20
Deutsche Bank AG 6.20 10/26/2016 EUR 64.40
Deutsche Bank AG 5.20 10/26/2016 EUR 64.30
Deutsche Bank AG 6.20 11/23/2016 EUR 72.30
Deutsche Bank AG 6.20 11/23/2016 EUR 69.60
Deutsche Bank AG 5.20 11/23/2016 EUR 69.50
Deutsche Bank AG 5.20 11/23/2016 EUR 67.00
Deutsche Bank AG 6.20 11/23/2016 EUR 67.10
Deutsche Bank AG 6.20 11/23/2016 EUR 64.80
BNP Paribas Emissions- 7.00 12/22/2016 EUR 49.11
BNP Paribas Emissions- 16.00 12/22/2016 EUR 39.36
BNP Paribas Emissions- 10.00 12/22/2016 EUR 73.21
Zurcher Kantonalbank Fi 8.50 10/16/2017 CHF 70.89
Bank Julius Baer & Co L 16.30 10/13/2016 CHF 62.65
UniCredit Bank AG 4.10 12/22/2016 EUR 54.42
UniCredit Bank AG 4.50 12/22/2016 EUR 52.10
UniCredit Bank AG 4.40 12/22/2016 EUR 52.66
UniCredit Bank AG 4.30 12/22/2016 EUR 53.24
UniCredit Bank AG 4.20 12/22/2016 EUR 53.82
BNP Paribas Emissions- 9.00 12/22/2016 EUR 72.11
BNP Paribas Emissions- 6.00 12/22/2016 EUR 58.22
BNP Paribas Emissions- 8.00 12/22/2016 EUR 53.54
BNP Paribas Emissions- 9.50 12/22/2016 EUR 51.65
BNP Paribas Emissions- 12.00 12/22/2016 EUR 48.29
BNP Paribas Emissions- 6.00 12/22/2016 EUR 57.31
BNP Paribas Emissions- 14.00 12/22/2016 EUR 66.50
Vontobel Financial Prod 11.50 12/23/2016 EUR 46.37
Vontobel Financial Prod 12.00 12/23/2016 EUR 60.57
Vontobel Financial Prod 13.00 12/23/2016 EUR 58.97
Vontobel Financial Prod 7.50 12/23/2016 EUR 67.99
Goldman Sachs & Co Wert 21.00 10/26/2016 EUR 66.96
Goldman Sachs & Co Wert 4.00 12/21/2016 EUR 67.53
Goldman Sachs & Co Wert 5.00 12/21/2016 EUR 64.12
Goldman Sachs & Co Wert 5.00 3/22/2017 EUR 65.22
Goldman Sachs & Co Wert 5.00 3/22/2017 EUR 62.03
Goldman Sachs & Co Wert 5.00 6/21/2017 EUR 66.04
Goldman Sachs & Co Wert 6.00 6/21/2017 EUR 63.73
Vontobel Financial Prod 8.65 12/9/2016 EUR 61.27
Deutsche Bank AG 6.20 12/20/2016 EUR 58.30
Deutsche Bank AG 4.20 12/20/2016 EUR 55.20
Deutsche Bank AG 6.20 12/20/2016 EUR 72.70
Deutsche Bank AG 4.20 12/20/2016 EUR 69.50
Deutsche Bank AG 5.20 10/26/2016 EUR 74.40
Deutsche Bank AG 6.20 10/26/2016 EUR 57.40
Deutsche Bank AG 5.20 10/26/2016 EUR 57.30
Deutsche Bank AG 5.20 10/26/2016 EUR 54.60
Deutsche Bank AG 5.20 10/26/2016 EUR 52.20
Deutsche Bank AG 5.20 10/26/2016 EUR 49.90
Deutsche Bank AG 5.20 11/23/2016 EUR 57.70
Deutsche Bank AG 6.20 11/23/2016 EUR 57.90
Deutsche Bank AG 6.20 11/23/2016 EUR 55.20
Deutsche Bank AG 6.20 11/23/2016 EUR 52.70
Deutsche Bank AG 6.20 11/23/2016 EUR 50.50
Deutsche Bank AG 5.20 10/26/2016 EUR 72.00
Deutsche Bank AG 6.20 10/26/2016 EUR 69.30
Deutsche Bank AG 6.20 10/26/2016 EUR 66.80
Deutsche Bank AG 5.20 10/26/2016 EUR 66.70
Deutsche Bank AG 5.20 11/23/2016 EUR 72.20
Deutsche Bank AG 5.20 11/23/2016 EUR 64.60
DZ Bank AG Deutsche Zen 5.70 12/19/2016 EUR 53.96
BNP Paribas Emissions- 10.00 12/22/2016 EUR 45.07
Landesbank Baden-Wuertt 4.00 6/23/2017 EUR 59.17
Bank Julius Baer & Co L 10.60 10/6/2016 CHF 32.40
UBS AG 7.50 12/9/2016 EUR 70.33
DZ Bank AG Deutsche Zen 5.00 12/23/2016 EUR 69.77
UniCredit Bank AG 4.00 12/22/2016 EUR 55.03
UniCredit Bank AG 4.10 12/22/2016 EUR 56.13
UniCredit Bank AG 4.00 12/22/2016 EUR 56.72
UniCredit Bank AG 4.25 12/22/2016 EUR 45.54
UniCredit Bank AG 5.50 12/22/2016 EUR 62.09
UniCredit Bank AG 4.00 12/22/2016 EUR 65.45
UniCredit Bank AG 4.10 12/22/2016 EUR 74.82
Lehman Brothers Treasur 7.32 7/31/2013 GBP 0.75
UniCredit Bank AG 4.20 12/22/2016 EUR 74.39
Landesbank Baden-Wuertt 3.00 7/26/2019 EUR 55.45
UniCredit Bank AG 4.50 12/22/2016 EUR 73.12
UniCredit Bank AG 5.00 12/22/2016 EUR 50.88
Deutsche Bank AG 7.20 10/26/2016 EUR 74.70
Deutsche Bank AG 7.20 10/26/2016 EUR 70.30
Deutsche Bank AG 5.20 11/23/2016 EUR 70.50
Deutsche Bank AG 7.20 11/23/2016 EUR 70.90
Vontobel Financial Prod 5.00 12/23/2016 EUR 44.81
Vontobel Financial Prod 5.45 12/23/2016 EUR 61.21
Vontobel Financial Prod 10.00 12/23/2016 EUR 67.62
Goldman Sachs & Co Wert 10.00 3/22/2017 EUR 57.57
Goldman Sachs & Co Wert 10.00 6/21/2017 EUR 58.98
Goldman Sachs & Co Wert 4.00 12/21/2016 EUR 52.50
Goldman Sachs & Co Wert 7.00 12/21/2016 EUR 45.28
Goldman Sachs & Co Wert 3.00 6/21/2017 EUR 64.57
Goldman Sachs & Co Wert 7.00 6/21/2017 EUR 48.88
Goldman Sachs & Co Wert 8.00 6/21/2017 EUR 46.52
Goldman Sachs & Co Wert 13.00 6/21/2017 EUR 43.08
Goldman Sachs & Co Wert 7.00 3/22/2017 EUR 63.10
Vontobel Financial Prod 8.80 12/23/2016 EUR 64.72
Landesbank Hessen-Thuer 4.00 7/31/2019 EUR 73.68
Deutsche Bank AG 6.50 12/20/2016 EUR 66.20
Deutsche Bank AG 4.50 12/20/2016 EUR 65.70
Deutsche Bank AG 4.50 12/20/2016 EUR 71.90
Deutsche Bank AG 5.50 12/20/2016 EUR 72.20
DZ Bank AG Deutsche Zen 8.80 12/19/2016 EUR 60.62
DZ Bank AG Deutsche Zen 9.00 12/23/2016 EUR 47.42
UniCredit Bank AG 4.25 12/22/2016 EUR 54.98
UniCredit Bank AG 5.50 12/22/2016 EUR 68.57
UniCredit Bank AG 4.50 12/22/2016 EUR 71.31
UniCredit Bank AG 4.50 12/22/2016 EUR 54.47
Deutsche Bank AG 5.20 12/20/2016 EUR 75.00
Deutsche Bank AG 5.20 12/20/2016 EUR 71.00
Deutsche Bank AG 6.20 12/20/2016 EUR 67.60
Goldman Sachs & Co Wert 13.00 3/22/2017 EUR 37.92
Deutsche Bank AG 5.20 12/20/2016 EUR 55.40
Goldman Sachs & Co Wert 12.00 6/21/2017 EUR 40.50
Deutsche Bank AG 6.20 12/20/2016 EUR 53.20
Deutsche Bank AG 5.20 12/20/2016 EUR 53.00
Deutsche Bank AG 6.20 12/20/2016 EUR 50.90
Deutsche Bank AG 5.20 12/20/2016 EUR 50.70
Deutsche Bank AG 5.20 12/20/2016 EUR 48.60
Deutsche Bank AG 5.20 12/20/2016 EUR 46.70
Vontobel Financial Prod 5.00 12/23/2016 EUR 54.01
Vontobel Financial Prod 9.00 12/23/2016 EUR 65.38
Vontobel Financial Prod 15.00 12/23/2016 EUR 56.28
Landesbank Baden-Wuertt 2.50 8/25/2017 EUR 73.35
Landesbank Baden-Wuertt 4.50 8/25/2017 EUR 66.99
Landesbank Baden-Wuertt 3.00 8/25/2017 EUR 63.30
Landesbank Baden-Wuertt 3.00 8/25/2017 EUR 47.23
Landesbank Baden-Wuertt 5.00 8/25/2017 EUR 43.59
Deutsche Bank AG 7.20 12/20/2016 EUR 65.40
Deutsche Bank AG 7.20 12/20/2016 EUR 61.20
Deutsche Bank AG 7.20 12/20/2016 EUR 57.50
Landesbank Baden-Wuertt 3.00 8/25/2017 EUR 70.63
Vontobel Financial Prod 4.15 12/23/2016 EUR 63.40
Leonteq Securities AG 8.00 11/7/2016 CHF 69.52
HSBC Trinkaus & Burkhar 9.40 12/23/2016 EUR 65.34
HSBC Trinkaus & Burkhar 6.30 12/23/2016 EUR 71.52
HSBC Trinkaus & Burkhar 7.10 3/24/2017 EUR 69.51
Notenstein La Roche Pri 4.00 1/31/2017 EUR 61.25
Deutsche Bank AG 7.20 12/20/2016 EUR 71.50
Deutsche Bank AG 6.20 12/20/2016 EUR 71.20
Deutsche Bank AG 5.20 12/20/2016 EUR 67.40
Deutsche Bank AG 7.20 12/20/2016 EUR 67.80
Notenstein La Roche Pri 7.50 2/7/2017 EUR 68.53
Notenstein La Roche Pri 5.00 8/7/2018 CHF 72.53
Deutsche Bank AG 6.20 12/20/2016 EUR 55.70
Goldman Sachs & Co Wert 9.00 6/21/2017 EUR 42.22
Deutsche Bank AG 7.20 12/20/2016 EUR 55.90
Deutsche Bank AG 7.20 12/20/2016 EUR 53.40
Deutsche Bank AG 7.20 12/20/2016 EUR 51.20
Deutsche Bank AG 6.20 12/20/2016 EUR 48.90
Deutsche Bank AG 7.20 12/20/2016 EUR 49.10
Deutsche Bank AG 6.20 12/20/2016 EUR 47.00
Vontobel Financial Prod 6.50 12/23/2016 EUR 51.72
Deutsche Bank AG 7.20 12/20/2016 EUR 47.20
Deutsche Bank AG 7.20 12/20/2016 EUR 45.50
Landesbank Baden-Wuertt 4.50 8/25/2017 EUR 72.69
Landesbank Baden-Wuertt 2.50 8/25/2017 EUR 74.16
Landesbank Baden-Wuertt 3.50 8/25/2017 EUR 70.68
Landesbank Baden-Wuertt 4.00 8/25/2017 EUR 60.51
Landesbank Baden-Wuertt 5.00 8/25/2017 EUR 58.53
Landesbank Baden-Wuertt 4.00 8/25/2017 EUR 45.09
Deutsche Bank AG 7.20 12/20/2016 EUR 67.80
Deutsche Bank AG 5.20 12/20/2016 EUR 67.30
Deutsche Bank AG 7.20 12/20/2016 EUR 63.30
Deutsche Bank AG 5.20 12/20/2016 EUR 57.10
Leonteq Securities AG 15.00 11/7/2016 CHF 31.64
HSBC Trinkaus & Burkhar 8.30 10/28/2016 EUR 67.13
HSBC Trinkaus & Burkhar 10.20 12/23/2016 EUR 46.17
HSBC Trinkaus & Burkhar 6.20 3/24/2017 EUR 52.43
Leonteq Securities AG 13.00 10/31/2016 USD 63.97
Credit Suisse AG/Nassau 6.00 2/13/2017 CHF 66.95
UBS AG/London 8.00 7/31/2017 CHF 62.50
Credit Suisse AG/Nassau 6.50 2/3/2017 CHF 69.21
Bank Julius Baer & Co L 9.05 2/13/2017 EUR 63.10
Zurcher Kantonalbank Fi 5.75 2/6/2017 EUR 66.79
Vontobel Financial Prod 5.00 2/28/2017 EUR 71.95
Vontobel Financial Prod 3.35 12/9/2016 EUR 72.74
WGZ-Bank AG Westdeutsch 5.75 9/26/2016 EUR 58.69
WGZ-Bank AG Westdeutsch 6.75 9/26/2016 EUR 57.36
WGZ-Bank AG Westdeutsch 3.75 9/26/2016 EUR 67.70
Immigon Portfolioabbau 3.50 5/23/2022 EUR 70.75
Rosbank PJSC 0.01 2/26/2025 RUB 60.06
SG Issuer SA 5.05 4/10/2025 EUR 55.56
HSBC Bank PLC 0.50 4/27/2027 NZD 68.41
Lehman Brothers Treasur 1.60 6/21/2010 JPY 0.75
Agentstvo po Ipotechnom 11.77 2/1/2034 RUB 60.11
Credito Cooperativo Int 1.75 2/4/2025 EUR 74.63
*********
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.
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., Washington, D.C., USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Julie Anne L. Toledo, Ivy B. Magdadaro, and
Peter A. Chapman, Editors.
Copyright 2016. 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$775 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 Peter Chapman at 215-945-7000 or Nina Novak at
202-362-8552.
* * * End of Transmission * * *