TCREUR_Public/170116.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, January 16, 2017, Vol. 18, No. 11


                            Headlines


F I N L A N D

NOKIA CORP: S&P Affirms 'BB+' CCR, Outlook Stable


F R A N C E

CGG: S&P Lowers CCR to 'CCC-', Outlook Negative


I R E L A N D

AURIUM CLO II: S&P Affirms 'B-' Rating on Class F Notes
AVOLON HOLDINGS: S&P Assigns 'BB+' CCR, Outlook Stable
H&A ADVERTISING: Obtains New Investment, To Exit Examinership


N E T H E R L A N D S

STORM 2017-I: Fitch Assigns 'B(EXP)' Rating to Class D Notes
WOOD STREET CLO I: S&P Lowers Rating on Class E Notes to B-


N O R W A Y

PETROLEUM GEO-SERVICES: S&P Raises CCR to 'CCC+', Outlook Stable


U K R A I N E

PRIVATBANK: S&P Revises Counterparty Credit Ratings to 'SD'


U N I T E D   K I N G D O M

AMIGO LOANS: S&P Assigns 'B+' Counterparty Credit Rating
BOSHERS LTD: Halts Trading, Goes Into Administration
DAVIS HAULAGE: Buffaload Logistics Acquires Business
KING & WOOD: China Arm Finalizes Deal to Keep Some Lawyers
LANDMARK MORTGAGE: S&P Raises Rating on Class D Notes to 'B+'

PREMIER OIL: Lenders Agree Terms of Financial Restructuring
RANGERS FOOTBALL: Worthington Group Faces Liquidation
TALKTALK TELECOM: S&P Assigns 'BB-' CCR, Outlook Positive


X X X X X X X X

* BOND PRICING: For the Week January 9 to January 13, 2017


                            *********



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F I N L A N D
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NOKIA CORP: S&P Affirms 'BB+' CCR, Outlook Stable
-------------------------------------------------
S&P Global Ratings said that it affirmed its 'BB+/A-3' long- and
short-term corporate credit ratings on Finnish technology company
Nokia Corp.  S&P also affirmed its 'BB+/A-3' long- and short-term
corporate credit ratings on Alcatel-Lucent S.A. and S&P's 'BB+'
long-term corporate credit rating on Alcatel-Lucent USA Inc.,
both core Nokia subsidiaries.  The outlook is stable.

At the same time, S&P affirmed the 'BB+' issue rating on the debt
issued by Nokia and Alcatel-Lucent USA Inc.  The recovery rating
is '3', indicating S&P's expectation of meaningful recovery in
the higher half of the 50%-70% range in the event of a payment
default.

The outlook revision primarily reflects Nokia's weaker-than-
expected revenue prospects in 2016-2017 due to the severe decline
in market demand for mobile telecom equipment, and higher-than-
expected restructuring charges and related cash outflows in
2016-2018.  As a result, S&P has lowered its revenue, EBITDA
margin, and FOCF expectations for the group in 2016-2018 compared
with S&P's last forecast in May 2016.  S&P now thinks that, in
2017, Nokia's profitability won't improve materially and its S&P
Global Ratings-adjusted EBITDA margin will remain below 10%.

The rating affirmation primarily reflects Nokia's maintenance of
a very strong balance sheet and S&P's view that Nokia is on track
in integrating Alcatel-Lucent and reaching an adjusted EBITDA
margin of 10% or more on a sustainable basis in 2018.  The
affirmation also takes into account S&P's view that near-term
margins are constrained by the weak industry demand and fierce
competition.

The acquisition of Alcatel-Lucent in January 2016 has
strengthened S&P's assessment of Nokia's business risk. Nokia's
addressable market has almost doubled and its product portfolio
is now more diversified, including both mobile networks and fixed
networks equipment and related software and services.  In
addition, the inclusion of Alcatel-Lucent strengthened Nokia's
position in the key U.S. market and S&P thinks the overall
customer overlap, especially outside the U.S., is limited.
According to market research group Dell'Oro, Nokia is now No. 3
in the overall mobile network equipment market, after China's
Huawei and Sweden's Ericsson; No. 2 in the fixed broadband market
after Huawei; and No. 2 in routers for service providers after
U.S.-based Cisco Systems.

Nokia has improved its margins over the past few years, while
Alcatel-Lucent successfully completed its Shift Plan
restructuring program in 2015.  Combined, the companies reported
a non-IFRS (International Financial Reporting Standards) EBIT
margin of 10.9% in 2015, but due to the decline in revenues and
the ongoing integration process, S&P assumes materially lower
profitability in 2016 and 2017.  However, S&P thinks that Nokia's
profitability will benefit from sizable cost synergies in 2018.
The group aims to achieve EUR1.2 billion annual net cost savings
in 2018 compared with its combined non-IFRS operating costs in
2015, excluding Nokia Technologies.

These strengths are partially mitigated by the volatile demand
and severe price pressure in the mobile network equipment and
services segment (which generated 59% of the combined revenues in
2015), as well as strong competition.  Demand for mobile telecom
equipment declined notably in 2016 and S&P thinks that the market
will remain weak until at least the second half of 2017.  This is
due to the peak in fourth-generation (4G) wireless rollouts in
2015 and the weak macroeconomic situation in some emerging
markets.  The first nine months of 2016 saw an 11% year-on-year
revenue decline in Nokia's Networks segment (which generated 93%
of the combined revenues in 2015, including fixed network
equipment and services).

S&P also views Nokia's profitability as volatile, and note that
there are still execution risks relating to the Alcatel-Lucent
integration, particularly in case of a longer-than-expected
industry downturn.  S&P views Alcatel-Lucent's track record of
cash generative operations as short.  In addition, S&P had
previously assumed about EUR1.3 billion restructuring costs in
2016-2017, but S&P now understands that the restructuring and
network equipment swap cash outflows will total approximately
EUR2.6 billion in 2016-2018.

S&P's assessment of Nokia's financial risk reflects the group's
very strong balance sheet, including significant cash balances
well in excess of reported gross debt.  Nokia reported a net cash
position of EUR5.5 billion as of Sept. 30, 2016.  Nokia targets
to maintain gross cash balance at approximately 30% of its annual
revenues over time.  S&P views the group's cash flow generation
during the industry cycle volatile, though.  In addition, S&P
expects significant negative discretionary cash flow (DCF) for
Nokia in 2016 and 2017 due to high dividend distributions, in
accordance with Nokia's capital structure optimization program,
and restructuring cash outflows.

S&P adjusts Nokia's reported gross debt by adding these key
items:

   -- S&P's estimate of about EUR2 billion receivables factoring
      outstanding;

   -- Present value of operating lease liabilities of about
      EUR0.8 billion; and

   -- Net unfunded pension liabilities of about EUR2 billion.

S&P also deducts from Nokia's debt the surplus cash that S&P
assumes would be readily available for debt repayment.  S&P
thinks about EUR1.0 billion-EUR1.3 billion of Nokia's cash
balances and short-term investments do not qualify as surplus
cash currently.

S&P's base case assumes:

   -- Total revenues declining by 10%-12% in 2016, compared with
      pro forma revenues in 2015, primarily reflecting S&P's
      expectation of a mid-teens percentage decline in the mobile
      network equipment demand in 2016.  In addition, S&P assumes
      a high-single-digit revenue decline in the Nokia
      Technologies segment -- which previously benefitted from
      nonrecurring items in 2015 -- primarily due to the
      arbitration award related to the licensing agreement with
      Samsung.  Low-single-digit decline in total revenues in
      2017, primarily due to S&P's expectation of a further
      decline in mobile network equipment demand in the first
      half of the year and lack of patent license revenues from
      Apple.  S&P forecasts improving revenues toward the end of
      2017 and into 2018 due to better sales synergies from the
      Alcatel-Lucent acquisition and some stabilization in
      overall market demand.

      In addition, full-year consolidation of small acquisitions
      made in 2016 will limit the revenue decline in 2017.

   -- S&P's assumption of total annual restructuring and
      integration costs, including network equipment swaps, of
      about EUR1.2 billion-EUR1.3 billion in 2016 and 2017, and
      about a half of that in 2018.  S&P includes these costs in
      its EBITDA calculation.

   -- Annual capital expenditures (capex) of EUR500 million-
      EUR600 million in 2016-2018.

   -- Acquisition of the remaining outstanding Alcatel-Lucent
      securities for EUR630 million in the fourth quarter of
      2016.

   -- Some bolt-on acquisitions but no material divestments.

   -- Dividend payment of EUR1.0 billion in 2017, modestly
      increasing thereafter.  Purchase of shares of about
      EUR1.0 billion mainly in 2017.

Based on these assumptions, S&P arrives at these credit measures
in 2016-2018:

   -- Adjusted EBITDA margin of about 8% in 2016, 8%-9% in 2017,
      and 12%-14% in 2018.

   -- Negative reported FOCF of EUR1.5 billion-EUR1.8 billion in
      2016.  In addition to restructuring cash outflows, this
      reflects the EUR1.6 billion nonrecurring items booked in
      the first quarter, consisting of a EUR1 billion reduction
      in the sale of receivables, EUR350 million related to the
      harmonization of working capital processes and practices,
      and EUR280 million paid to Qualcomm due to the termination
      of Alcatel-Lucent's license agreement.  S&P expects
      positive FOCF of EUR0.2 billion-EUR0.6 billion in 2017 and
      at least EUR1 billion in 2018.

   -- Reported net cash of about EUR4.8 billion-EUR5 billion at
      the end of 2016 and EUR3 billion-EUR4 billion in 2017 and
      2018.

   -- Adjusted debt to EBITDA of about 0.5x in 2016, 1.1x-1.5x in
      2017, and 0.7x-1.1x in 2018, and funds from operations
     (FFO) to debt above 60% in 2016 and 2018.

The stable outlook reflects S&P's expectation that Nokia will
continue to successfully integrate Alcatel-Lucent and execute its
cost-cutting plans, but that industry demand will continue to
decline at least during the first half of 2017.  S&P expects a
small improvement in Nokia's margins in 2017 but forecast the
group's DCF to be negative 2017.  In addition, S&P expects Nokia
will maintain a very conservative balance sheet, with reported
net cash of at least EUR3 billion.

S&P could raise the ratings if Nokia's revenues are likely to
stabilize and its adjusted EBITDA margin is set to sustainably
improve to about 10% or more, coupled with prospects of at least
break-even DCF generation.  Prospects for an upgrade would be
supported by an adjusted debt-to-EBITDA ratio of below 1.5x and
FFO to debt above 60%.

Although S&P do not currently anticipate doing so, it could lower
the ratings if S&P thinks Nokia could report adjusted EBITDA
margins of about 5% or below due to strong price competition,
market share losses, or higher-than-expected restructuring costs.
In addition, continued significant negative DCF generation or a
meaningful deterioration of the group's reported net cash
position below EUR3 billion could lead S&P to lower the rating.


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F R A N C E
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CGG: S&P Lowers CCR to 'CCC-', Outlook Negative
-----------------------------------------------
S&P Global Ratings said it has lowered to 'CCC-' from 'CCC+' its
long-term corporate credit rating on France-based geoscience
company CGG.  The outlook is negative.

At the same time, S&P lowered its issue rating on CGG's senior
secured credit facilities to 'CCC' from 'B-'.  The recovery
rating on this debt is unchanged at '2', reflecting S&P's
expectation of substantial recovery in the higher half of its
70%-90% range in a default scenario.

S&P also lowered the issue rating on CGG's unsecured notes to 'C'
from 'CCC'.  The recovery rating on this debt was revised down to
'6', reflecting S&P's expectations of negligible recovery.

The downgrade reflects CGG's announcement on Jan. 5, 2016 that it
intends to commence discussions with various stakeholders --
including creditors and shareholders -- to achieve a financial
restructuring with the objective to reduce the group's debt
levels.

S&P do not know yet whether this will happen and, if it does, the
terms and timing are not certain.  However, S&P would likely
consider such a restructuring transaction as a default or
distressed exchange.  This reflects S&P's view of the company's
current capital structure as unsustainable -- particularly in the
context of persistently weak geoscience market conditions -- and
its less than adequate liquidity.  S&P anticipates adjusted debt
to EBITDA (excluding cash) of more than 10x in 2016-2017.

S&P thinks challenging market conditions; characterized by
persistent low oil prices, weak pricing for new contracts, and an
unfavorable supply-demand balance, will continue to negatively
affect the seismic industry in the next few quarters.

The negative outlook reflects the risk that S&P could lower the
ratings to 'CC' or 'SD' (selective default) in the next few
months depending on the progress with or completion of
restructuring discussions with lenders and noteholders.

S&P could lower the rating to 'CC' if a distressed exchange offer
is announced in the coming weeks or months.  If a debt payment is
not paid as originally scheduled or the restructuring is fully
completed, S&P could lower the corporate credit rating to 'SD' or
'D'.

S&P could raise the rating after a restructuring has been
concluded to recognize any benefits garnered after the
restructuring has completed.


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I R E L A N D
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AURIUM CLO II: S&P Affirms 'B-' Rating on Class F Notes
-------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on Aurium CLO II
DAC's class A, B, C, D, E, and F notes following the
transaction's effective date.

Most European cash flow collateralized loan obligations (CLOs)
close before purchasing the full amount of their targeted level
of portfolio collateral.

On the closing date, the collateral manager typically covenants
to purchase the remaining collateral within the guidelines
specified in the transaction documents to reach the target level
of portfolio collateral.  Typically, the CLO transaction
documents specify a date by which the targeted level of portfolio
collateral must be reached.  The effective date reports provide a
summary of certain information that S&P used in its analysis and
the results of its review based on the information presented to
S&P.

S&P's affirmation on the ratings reflects its opinion that the
portfolio collateral purchased by the issuer, as reported to S&P
by the trustee and collateral manager, in combination with the
transaction's structure, provides sufficient credit support to
maintain the ratings that S&P assigned on the transaction's
closing date.

The "effective date" for a CLO transaction is usually the earlier
of the date on which the transaction acquires the target level of
portfolio collateral, or the date defined in the transaction
documents.  S&P believes the transaction may see some benefit
from allowing a window of time after the closing date for the
collateral manager to acquire the remaining assets for a CLO
transaction.  This window of time is typically referred to as a
"ramp-up period."  Because some CLO transactions may acquire most
of their assets from the new-issue leveraged loan market, the
ramp-up period may give collateral managers the flexibility to
acquire a more diverse portfolio of assets.

For a CLO that has not purchased its full target level of
portfolio collateral by the closing date, S&P's ratings on the
closing date and prior to its effective date review are generally
based on the application of S&P's criteria to a combination of
purchased collateral, collateral committed to be purchased, and
the indicative portfolio of assets provided to S&P by the
collateral manager, and may also reflect its assumptions about
the transaction's investment guidelines.  This is because not all
assets in the portfolio have been purchased.

"As part of our review we have performed quantitative and
qualitative analysis of the transaction in accordance with our
criteria to assess whether the initial ratings remain consistent
with the credit enhancement based on the effective date
collateral portfolio.  Our analysis relies on the use of CDO
Evaluator to estimate a scenario default rate at each rating
level, cash flow modeling to determine the appropriate percentile
break-even default rate at each rating level, the application of
our supplemental tests, and the analytical judgment of a rating
committee," S&P said.

"In our published effective date report, we discuss our analysis
of the information provided by the transaction's trustee and
collateral manager in support of their request for effective date
rating affirmation.  In most instances, we intend to publish an
effective date report each time we issue an effective date rating
affirmation on a publicly rated European cash flow CLO," S&P
noted.

Aurium CLO II is a European cash flow CLO securitization of a
revolving pool, comprising primarily euro- and sterling-
denominated senior secured loans and bonds granted to broadly
syndicated corporate borrowers.

RATINGS LIST

Aurium CLO II Designated Activity Company
EUR359.70 Million Senior Secured Floating-Rate Notes (Including
EUR35.00 Million Subordinated Notes)

Ratings Affirmed

Class   Rating

A       AAA (sf)
B       AA (sf)
C       A (sf)
D       BBB (sf)
E       BB (sf)
F       B- (sf)


AVOLON HOLDINGS: S&P Assigns 'BB+' CCR, Outlook Stable
------------------------------------------------------
S&P Global Ratings assigned its 'BB+' corporate credit rating to
Dublin-based aircraft lessor Avolon Holdings Ltd., which is a
wholly owned subsidiary of China-based Bohai Financial Investment
Holding Co. Ltd.  The outlook is stable.

At the same time, S&P assigned its 'BBB-' issue-level rating and
'2' recovery rating to Avolon's proposed $5.5 billion secured
term loan.

Additionally, S&P assigned its 'BB-' issue-level rating and '6'
recovery rating to its subsidiary Park Aerospace Holdings Ltd.'s
proposed $3 billion unsecured note issuance.  S&P expects that
the company will use the proceeds from the secured term loan and
the unsecured notes to fund its approximately $10 billion
acquisition of C2.

The 'BB+' corporate credit rating on Avolon reflects both S&P's
'bb+' stand-alone credit profile (SACP) on the company and S&P's
assessment that it is an insulated subsidiary of Bohai Capital
Holding Co. Ltd., whose controlling shareholder is China-based
HNA Group. Our SACP on Bohai is 'bb' and our SACP on HNA Group is
'b+'.

Avolon is a wholly owned subsidiary of Bohai, which is part of
the HNA Group.  The HNA group is a Chinese conglomerate and
Bohai's largest stockholder (the balance of its shares are
publicly traded).  However, Avolon operates as a stand-alone
subsidiary of Bohai and Bohai operates as a stand-alone
subsidiary of HNA, although both are consolidated under the HNA
Group.  In S&P's view, the group benefits from the company's
scale and the diversification of its operations.  However, S&P
views the group's financial policy as aggressive in terms of its
acquisition strategy and its high debt leverage.

The stable outlook reflects S&P's expectation that Avolon's
earnings and cash flow will benefit from its proposed acquisition
of C2, offsetting the incremental debt the company took on to
fund the transaction.  Specifically, S&P expects that the
company's EBIT interest coverage will decline to around 2x, from
around 3x in 2016, and its FFO-to-debt ratio will remain in the
high single digit percent area through 2018.


H&A ADVERTISING: Obtains New Investment, To Exit Examinership
-------------------------------------------------------------
Samantha McCaughren at the Sunday Independent reports that
Cork-based company H&A Advertising, one of the country's largest
ad agencies outside Dublin, will exit examinership shortly after
securing new investment.

According to the Sunday Independent, the scheme of arrangement
revealed that unsecured creditors were owed EUR1.2 million and
will receive 3.5c in the euro.

Director Brian Healy told the Sunday Independent that funding had
been secured and said that 96pc of creditors had voted in favor
of the examinership proposals.  He said that he hoped to reach
the final stages of the process in the next week to 10 days, the
Sunday Independent relays.

Mr. Healy, as cited by the Sunday Independent, said that it has
been a difficult decision to enter the process but that while
revenues had stabilized, debt levels had remained an issue at the
company.

H&A Advertising provides a wide range of services in the area of
marketing and communications, such as PR, design and internal
communications.


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N E T H E R L A N D S
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STORM 2017-I: Fitch Assigns 'B(EXP)' Rating to Class D Notes
------------------------------------------------------------
Fitch Ratings has assigned STORM 2017-I B.V.'s notes expected
ratings as:

  Class A floating-rate notes: 'AAA(EXP)sf'; Outlook Stable
  Class B floating-rate notes: 'A+(EXP)sf'; Outlook Stable
  Class C floating-rate notes: 'BBB(EXP)sf'; Outlook Stable
  Class D floating-rate notes: 'B(EXP)sf'; Outlook Stable
  Class E floating-rate notes: not rated

This transaction is a true sale securitisation of prime Dutch
residential mortgage loans originated and sold by Obvion N.V., an
established mortgage lender and issuer of securitisations in the
Netherlands.  Since May 2012, Obvion has been 100%-owned by
Cooperatieve Rabobank U.A. (Rabobank).  This is the 36th
transaction issued under the STORM series since 2003, and the
first such transaction with a revolving feature.

The expected ratings address timely payment of interest on the
class A and B notes, including the step-up margin accruing from
the payment date falling in January 2022, and full repayment of
principal by legal final maturity in accordance with the
transaction documents.  The final ratings are contingent upon the
receipt of final documents and legal opinions conforming to the
information already received.

Credit enhancement (CE) for the class A notes will be 8% at
closing, provided by the subordination of the junior notes and a
non-amortising cash reserve (1%), fully funded at closing through
the class E notes.

                        KEY RATING DRIVERS

Market Average Portfolio
This is an 81-month seasoned portfolio consisting of prime
residential mortgage loans, with a weighted average (WA) original
loan-to-market-value (OLTMV) of 88.3% and a WA debt-to-income
ratio (DTI) of 27.54%, both of which are typical for Fitch-rated
Dutch RMBS transactions and in line with previous STORM
transactions.

Revolving Transaction
A five-year revolving period will allow new assets to be added to
the portfolio.  In Fitch's view, the additional purchase criteria
adequately mitigate the significant risk of migration due to
future loan additions.  Fitch considered a stressed portfolio
composition, based on the additional purchase criteria, rather
than the actual portfolio characteristics.

Interest Rate Hedge
At close, a swap agreement will be entered into with Obvion to
hedge any mismatches between the fixed and floating interest on
the loans and the floating interest on the notes.  In addition,
the swap agreement guarantees a minimum level of excess spread
for the transaction, equal to 50bp per annum of the outstanding
class A through D notes' balance, less principal deficiency
ledgers (PDLs).  The remedial triggers are linked to the parent's
ratings (Rabobank).

Rabobank Main Counterparty
This transaction relies strongly on the creditworthiness of
Rabobank, which fulfills a number of roles.  Fitch analyzed the
structural features in place, including those mitigating
construction deposit set-off and commingling risk and concluded
that counterparty risk is adequately addressed.

Robust Performance
Past performance of transactions in the STORM series, as well as
data received on Obvion's loan book, indicate healthy historical
performance in terms of low arrears and small losses.

                       RATING SENSITIVITIES

Material increases in the frequency of defaults and loss severity
on defaulted receivables could produce losses larger than Fitch's
base case expectations, which in turn may result in negative
rating actions on the notes.  Fitch's analysis revealed that a
15% increase in the WA foreclosure frequency, along with a 15%
decrease in the WA recovery rate, would result in a model-
implied-downgrade of the class A notes to 'A+(EXP)sf', class B
notes to 'BBB+(EXP)sf', class C notes to 'BB-(EXP)sf' and the
class D and E notes to below 'B(EXP)sf'.


WOOD STREET CLO I: S&P Lowers Rating on Class E Notes to B-
-----------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on Wood Street CLO
I B.V.'s class B and C notes.  At the same time, S&P has lowered
its ratings on the class D1, D2, and E notes.

S&P performed a credit and cash flow analysis and assessed the
support that each participant provides to the transaction by
applying S&P's current counterparty criteria.  In S&P's analysis,
it used data from the latest available trustee report.

S&P subjected the capital structure to a cash flow analysis to
determine the break-even default rate for each rated class of
notes at each rating level.  In S&P's analysis, it used the
reported portfolio balance that it considered to be performing
(EUR106.9 million), the weighted-average spread, and the
weighted-average recovery rates for the performing portfolio.
S&P applied various cash flow stress scenarios, using its
standard default patterns in conjunction with different interest
stress scenarios for each liability rating category.

Non-euro-denominated assets comprise 3.4% of the aggregate
collateral balance, which are hedged by a cross-currency swap
agreement.  In S&P's opinion, the documentation for the cross-
currency swap agreement does not fully reflect its current
counterparty criteria.  In S&P's cash flow analysis, for ratings
above the issuer credit rating plus one notch on the swap
counterparty, S&P considered scenarios where the counterparty
does not perform, and where the transaction is therefore exposed
to changes in currency rates.

S&P's review of the transaction highlights that the class A notes
have fully amortized since its November 2015 review.  This has
increased the available credit enhancement for all of the rated
classes of notes.

As the transaction has paid down, concentration risk has
increased, with the portfolio now comprising 22 assets from 31 at
our previous review.  Since S&P's previous review, the
transaction has seen one additional asset default, Truvo N.V.,
and S&P gave no benefit to one position, an "obligations
remboursables en actions" (ORA) due to the position's terms of
conversion.  Along with the transaction's reduced time to
maturity, these factors also contributed to the results of
supplemental tests, as outlined below.

S&P's credit and cash flow analysis, together with the
application of its structured finance ratings above the sovereign
criteria and current counterparty criteria, indicates that the
available credit enhancement for the class B notes is
commensurate with the currently assigned rating.  Therefore, S&P
has affirmed its
'AAA (sf)' rating on the class B notes and 'A+ (sf)' rating on
the class C notes.

S&P's credit and cash flow analysis indicates that the available
credit enhancement for the class D1, D2, and E notes is
commensurate with higher ratings.  However, the application of
S&P's supplemental test constrains its ratings on these classes
of notes.

S&P's corporate collateralized debt obligation (CDO) criteria
incorporate supplemental tests intended to address both event
risk and model risk that may be present in rated transactions.
These consist of (1) the "largest obligor default test," which
assesses whether a collateralized loan obligation (CLO) tranche
has sufficient credit enhancement to withstand specified
combinations of underlying asset defaults based on the ratings on
the underlying assets, and (2) the "largest industry test," which
assesses whether or not it can withstand the default of all the
obligors in the largest industry category.

The criteria allow these loss amounts to be run through S&P's
cash flow model to take into account excess spread and to ensure
that the tranche subject to the test receives timely interest and
ultimate principal in our analysis.  In this case, due to the
increased concentration in the transaction and the reduced time
to maturity on the transaction highlighted above, the available
excess spread is not sufficient to cure the losses indicated by
the supplemental test.

The application of the supplemental tests, indicate that the
class D-1, D-2, and E notes can no longer maintain their
currently assigned ratings.  However, taking into account the
increased credit enhancement and the results of our cash flow
modeling, S&P has made a one-notch positive adjustment to the
result of its supplemental tests for all three classes of notes.
S&P has therefore lowered to 'BB- (sf)' from 'BB+ (sf)' its
ratings on the class D1 and D2 notes.  S&P has also lowered to
'B- (sf)' from
'B+ (sf)' its rating on the class E notes.

Wood Street CLO I is a cash flow CLO transaction that securitizes
loans granted to primarily European speculative-grade corporate
firms. Alcentra Ltd. manages the transaction.  The transaction
closed in September 2005 and entered its amortization period in
November 2011.

RATINGS LIST

Class        Rating
             To                From

Wood Street CLO I B.V.
EUR460.65 Million Senior Secured Floating-Rate Notes

Ratings Affirmed

B            AAA (sf)
C            A+ (sf)

Ratings Lowered

D1           BB- (sf)           BB+ (sf)
D2           BB- (sf)           BB+ (sf)
E            B- (sf)            B+ (sf)


===========
N O R W A Y
===========


PETROLEUM GEO-SERVICES: S&P Raises CCR to 'CCC+', Outlook Stable
----------------------------------------------------------------
S&P Global Ratings said that it raised its long-term corporate
credit rating on Norwegian seismic group Petroleum Geo-Services
(PGS) to 'CCC+' from 'SD' (selective default).  The outlook is
stable.

At the same time, S&P withdrew its 'D' issue rating on the
US$450 million unsecured notes following completion of the
distressed exchange offer.

The upgrade follows PGS' completion of the exchange of 94% of its
$450 million senior unsecured notes for $201 million new notes
due 2020 (50%) and $212 million in cash.  As part of the
transaction, PGS completed a private placement raising $260
million in equity (including the recent offering) and an
extension of its revolving credit facility (RCF) to September
2020 from September 2018.

Following the transaction, PGS' gross debt was about $1.2 billion
on a pro forma basis as of Oct. 1, 2016, consisting of
$160 million drawn under the RCF, $390 million under the term
loan, about $400 million under export credit financing, and
$238 million senior unsecured notes ($26 million notes due 2018
and $212 million due 2020).  The company's S&P Global Ratings-
adjusted debt will be about $1.7 billion, including sizable
operating lease obligations of $400 million.  There are no
material maturities in the coming years and PGS will be subject
to more relaxed financial covenants under its RCF.

Despite the size of the equity injection, S&P considers PGS'
immediate capital structure post the transaction as unsustainable
in the context of the current very difficult industry
environment. S&P projects adjusted debt to EBITDA (excluding
cash) at above 8x in 2017 (pro forma adjusted debt to EBITDA in
2016 is about 9.5x). PGS could improve credit metrics over the
longer term by higher profitability and no further increase in
debt, assuming some recovery in the seismic market toward the
second half of 2017 and in 2018.

Under S&P's base-case scenario, it projects that PGS' adjusted
EBITDA will be $180 million-$210 million in the 2017 and $250
million-$300 million in 2018, compared with our estimation of
$170 million-$180 million in 2016.  These assumptions underpin
these estimates:

   -- A Brent oil price of $50 per barrel (/bbl) in 2017 and
      2018, leading to further low capital expenditure (capex)
      programs and rationalization of operating expenditures at
      exploration and production companies.  Flat revenues in
      2017, compared to 2016, with some upside in 2018 as oil
      prices recover.  Reported EBITDA margins of about 45% in
      2017, compared to 40%-43% in 2016, reflecting the benefits
      of the cost-cutting measures the company took in 2016 (as
      part of our adjustments to the EBITDA S&P deducts the
      capitalized MultiClient investments -- about $230 million
      in 2017 -- bringing the adjusted EBITDA margin to about
      15%).  The company will continue to benefit from pre-
      funding covering its investment in new seismic data (pre-
      funding has fully covered the ongoing investment over the
      last four years).

   -- Capex of about $150 million-$200 million in 2017, including
      the completion of the new vessels.  S&P expects that capex
      will come down to $100 million-$150 million starting 2018,
      under the current oil price environment.

Based on these assumptions, S&P expects the company to generate
negative free operating cash flow (FOCF) of $100 million-
$120 million in 2017, turning slightly positive in 2018.

S&P's assessment of PGS' business risk profile as weak accounts
for the intensely competitive and capital-intensive nature of the
seismic industry, which S&P views as highly cyclical.  This is
especially true for the volatile marine segment in which PGS'
operations are concentrated, stemming from its exposure to the
volatile capital spending and profits of oil exploration and
production companies.  In addition, S&P considers revenue-
generation visibility to be relatively low and typically very
limited after six months.  Another key constraint stems from PGS'
lack of operational diversity.  Those are partially mitigated by
the company's important market position as one of three leading
global providers of oil and gas seismic data acquisition
services.

The stable outlook reflects the improvement in the company's
liquidity post the completion of the capital restructuring.  In
S&P's view, the company will have sufficient sources to cover
potential negative FOCF over the short term.  S&P expects some
recovery in the market that will translate into at least
breakeven FOCF starting 2018.

In addition, the company has no short-term maturities reducing
the risk of an additional distressed exchange offer over the
coming 12 months.

S&P could lower the rating if it believes that a recovery in the
industry will take more time than S&P currently factors into its
base case.  If this happened, the company is likely to burn more
cash or breach its financial covenants.

An upgrade would require improvement in market conditions,
translated into an adjusted debt-to-EBITDA ratio below 6x and at
least moderately positive FOCF.  In S&P's view, this scenario
will rely on oil prices remaining between $50/bbl and $60/bbl
over the coming 6-12 months, incentivizing exploration and
production companies to spend more on explorations.


=============
U K R A I N E
=============


PRIVATBANK: S&P Revises Counterparty Credit Ratings to 'SD'
-----------------------------------------------------------
S&P Global Ratings revised its counterparty credit ratings on
Ukraine-based PrivatBank to 'SD' (selective default) from 'R'.

The rating action follows the Deposit Guarantee Fund's
announcement that PrivatBank's three outstanding loan
participation notes have been bailed in following the placing of
the bank under temporary administration in late December 2016.

The loan participation notes were issued by a special-purpose
vehicle in the U.K., which had on-lent the proceeds to
Privatbank. The bailed-in notes are:

   -- US$175 million 10.875% senior unsecured loan participation
      notes due February 2018;
   -- US$200 million 10.25% senior unsecured loan participation
      notes due January 2018; and
   -- US$220 million 11% subordinated loan participation notes
      due 2021.

S&P regards the bail-in as a selective default under its
criteria. This is based on S&P's understanding that the
noteholders will not be repaid as a result of the bail-in.  S&P
considers this as a selective default -- as opposed to a general
default -- since no other debt obligations are currently in
default.

S&P do not rate any debt issued by PrivatBank.

S&P expects to remove the ratings from 'SD' when it has enough
information to assess the bank's creditworthiness following its
recapitalization.


===========================
U N I T E D   K I N G D O M
===========================


AMIGO LOANS: S&P Assigns 'B+' Counterparty Credit Rating
--------------------------------------------------------
S&P Global Ratings assigned its 'B+' long-term counterparty
credit rating to Amigo Loans Ltd.  The outlook is stable.

In addition, S&P has assigned its 'B+' issue rating and '3'
recovery rating to the proposed senior secured notes to be issued
by Amigo Luxembourg S.A. and guaranteed by Amigo.  The '3'
recovery rating indicates S&P's expectation of meaningful
recovery (in the lower half of the 50%-70% range) in the event of
a default.

S&P views Amigo as the clear leader in the U.K. guarantor lending
market, which is a relatively new niche sector for the
nonstandard lending market.  The rating reflects S&P's assessment
of the business risk profile as weak, as defined by S&P Global
Ratings, as a result of regulatory and legislative risks.  It
also reflects a highly leveraged financial risk profile,
mitigated by S&P's view of Amigo's business profile as more
stable than peers'.

When borrowers apply for loans from Amigo, they nominate a
guarantor and, if both borrower and guarantor meet Amigo's
underwriting criteria, the loan is granted and the funds are paid
to the guarantor for transmission to the borrower.  As such,
Amigo has recourse to the guarantor if the borrower is unable to
repay. Typically, guarantors are a parent or a relative who is
willing to back the borrower, but would like the borrower to
manage the loan directly.  Founded in 2005, the company has grown
quickly, and since 2012, when the Amigo brand was adopted, the
company has seen compound annual credit growth of nearly 16%.
While operational challenges could materialize as Amigo continues
to expand, S&P understands the company intends to maintain a
disciplined approach in growing its lending book.

As of Sept. 30, 2016, Amigo's net loan book was GBP324 million.
The company provides loans that range from GBP500 to GBP7,500,
though the reported average gross loan size is around GBP3,500.
Also, while the average loan term is around 43 months, the
maturities on the loans vary from one to five years.  Amigo's
market share within the U.K. guarantor market is around 85%.

As a nonstandard lender, Amigo is authorized by the U.K.
Financial Conduct Authority (FCA).  The FCA has been particularly
active in regulating the nonstandard lending sector, in order to
ensure fair treatment of customers.  Unlike many competitors, S&P
notes that Amigo has already received its FCA authorization and
S&P understand it proactively adapts to ongoing changes in
regulation to ensure its business model remains viable.
Nevertheless, in S&P's opinion, it sees potential regulatory and
legislative risks as the greatest risk for the company and S&P
therefore assess Amigo's business risk profile as weak.

Amigo has relatively strong EBITDA margins of about 55%, thanks
in part to the dominant position of its brand in its niche
market.  S&P thinks that EBITDA margins are likely to remain
stable and that a potential increase in competition in the
guarantor lending sector will not meaningfully affect margins.
Incorporated in S&P's view of Amigo's financial risk are nearly
GBP220 million of deferrable shareholder loan notes that are held
by Amigo Holdings. Although the notes have some equity-like
features, S&P considers them as debt, since it understands that
Amigo intends to gradually pay them down, which reduces the
notes' loss-absorbing capacity in S&P's view.  Given Amigo's aim
to pay down these notes and S&P's estimate of EBITDA growth of
nearly 30% per year, the company's leverage profile should
improve.  Generally, S&P anticipates that Amigo's cash-flow
generative business model will lead to a gradual decrease in
leverage over the next few years.

The stable outlook reflects S&P's expectation that Amigo will
post a consistent reduction in leverage over our one-year outlook
time horizon.  S&P assumes that Amigo will maintain strong EBITDA
margins, which should enable sustained growth in revenues.  S&P
anticipates that the company will continue to swiftly expand its
loan book.

S&P could lower the ratings if its credit metrics didn't indicate
a reduction in leverage, either if EBITDA growth stagnated or if
we saw additional debt taken on to finance future growth.  Such
developments would likely affect S&P's assessment of Amigo's
financial risk profile.  S&P could also lower the ratings if it
saw a marked increase in impairments, or a rise in operational
risks, which could materially affect Amigo's cash flow
generation. Finally, S&P could also take a negative rating action
if the U.K. FCA implemented regulatory changes that limited
Amigo's ability to grow with its current business model.

While S&P do not believe an upgrade is likely over the one-year
rating horizon, given the pace of credit growth and Amigo's
leverage, in addition to S&P's peer comparisons, a positive
rating action would likely be the result of a marked improvement
in Amigo's underlying financial metrics beyond S&P's base-case
assumptions.


BOSHERS LTD: Halts Trading, Goes Into Administration
----------------------------------------------------
Andrew Duncan -- andrew.duncan@leonardcurtis.co.uk -- and
Neil Bennett -- neil.bennett@leonardcurtis.co.uk -- Directors at
Leonard Curtis Business Solutions Group, were appointed joint
administrators to long-established building and heritage
restoration company Boshers (Cholsey) Limited on January 13,
2017.

Oxfordshire-based Boshers specialized in high-end building
projects, from the restoration and refurbishment of listed and
historic properties to the construction of new, contemporary
buildings with cutting edge designs.  The company has now ceased
trading and the majority of the staff have been made redundant,
with the exception of a small number of employees who have been
kept on to assist the joint administrators to close down
operations.

While Boshers was incorporated in 1972, the business had been
trading for over 180 years and is still owned and operated by
descendants of the founding family.  The company has won numerous
industry awards and has featured in trade and national lifestyle
publications, such as Country Homes & Interiors.

The Oxfordshire business is one in a long line of established
building companies that have had to close recently.  Boshers
operated in a competitive market and had lost several major
tenders over the last 18 months.  Its business model, which
retained tradesmen as employees rather than subcontracting to
third parties, made the company less competitive when quoting for
new work as well as less able to adapt to fluctuating levels of
turnover.

Adding to this, the loss of zero-rated VAT status, which
previously applied to renovation and repair work on listed
buildings, and came into effect in September 2015 had a major
impact on workflow.  Historically, Boshers had carried out
significant amounts of work on listed buildings which due to its
specialist nature was less competitive but generated a higher
margin than new build work.

Mr. Duncan says: "It is sad to see the demise of a historic
Oxfordshire family business, such as Boshers.  A fall in turnover
caused by difficult market conditions and a high fixed cost base
meant that the business model was no longer viable and the firm
was unfortunately forced into administration."

Dan Bosher, Owner and Director at Boshers (Cholsey) Limited,
says: "We have worked extremely hard to save the business and are
disappointed that it has come to this.  We would like to thank
all of our valued employees together with a number of
subcontractors for their loyalty, hard work and commitment over
so many years. Together they have contributed to our tradition of
high quality work and excellent service.  We would also wish to
thank our many clients for their support, which has always been
greatly appreciated."


DAVIS HAULAGE: Buffaload Logistics Acquires Business
----------------------------------------------------
Logistics Manager reports that Buffaload Logistics, the
Huntingdon-based temperature controlled operator, has bought the
on-going business of Davis Haulage which entered a company
voluntary arrangement in April last year.

According to Logistics Manager, Buffaload concluded negotiations
to secure the on-going business, employee contracts and assets of
Davis Haulage just before Christmas.

Davis, which is based in Crewe, specializes in chilled and
ambient logistics.


KING & WOOD: China Arm Finalizes Deal to Keep Some Lawyers
----------------------------------------------------------
Rose Walker at LegalWeek reports that King & Wood Mallesons'
(KWM) China arm has finalized a deal to keep on 30-40 lawyers
from the firm's European arm, ahead of its expected move into
administration.

According to LegalWeek, the deal will enable the firm to retain a
limited European presence, despite the collapse and breakup of
the legacy SJ Berwin business, with which KWM merged in 2013.

London lawyers who have held talks to stay on with the firm
include banking partner Vanessa Docherty, corporate partners
Joseph Newitt, Greg Stonefield and Wang Lianghau, international
arbitration partner Andrei Yakovlev and dispute resolution
partners Dorothy Murray and Darren Roiser, as well as a team of
eight litigation associates, LegalWeek discloses.

However, the exact breakdown of partners, associates and support
staff staying on at the firm is as yet unknown, while the
countries in which KWM will maintain a presence has not yet been
confirmed, LegalWeek notes.

The future of many KWM partners across Europe remains unresolved,
LegalWeek states.

KWM first filed an intention of notice to appoint administrators
on Dec. 22, with AlixPartners named as the proposed
administrator, LegalWeek recounts.  On Jan. 10, the firm filed a
second intention of notice to appoint administrators, giving it
more time to negotiate a deal to assemble a European business,
LegalWeek relates.

                 About King & Wood Mallesons

King & Wood Mallesons is a multinational law firm headquartered
in Hong Kong.  With more than 2,200 lawyers and $1 billion in
revenue, King & Wood Mallesons is a product of two large scale
mergers: in 2012, China's King & Wood PRC Lawyers merged with
Mallesons Stephen Jaques of Australia, and then what became King
& Wood Mallesons merged with SJ Berwin of the United Kingdom in
2013.

KWM is the first and only global law firm based in Asia and is
the largest law firm headquartered outside of the United States
or European Union.  It is the 6th largest firm in the world by
number of lawyers and one of the top thirty by revenue.

The firm's Chinese, Australian and UK divisions each maintain
separate finance units but operate under a single brand name.

                       European Arm's Woes

KWM's European and Middle East (EUME) operation as of November
2016 had 130 partners and more than 500 lawyers altogether.  Its
offices in Europe and the Middle East are London, Cambridge,
Madrid, Brussels, Luxembourg, Milan, Paris, Frankfurt, Munich,
Dubai and Riyadh.  In 2015, the division accounted for 27 percent
of the firm's global revenue.

The Australian, Chinese, Hong Kong portions of KWM are
financially separate and have different management from the
European operations.

KWM Europe faced cash flow issues because of a slowdown in
business and partner defections.  In 2016, it was unable to make
timely payments to partners.

The firm subsequently announced a plan to inject $18 million of
capital by raising it from partners.  But the recapitalization
plan failed due to a number of partner departures.  Among those
who jumped ship are managing partner Rob Day and its head of
investments practices Michael Halford, left.

On Nov. 10, 2016, the firm announced that KWM global managing
partner Stuart Fuller would step down and that a process was
underway to select a new leader.

On Nov. 16, 2016, KWM announced a proposed bail-out, under which
the Chinese division agreed to infuse GBP14 million of additional
capital to KWM Europe, provided that 60% of partners agree to a
12 month "lock-in" and provide some additional capital.  However,
insufficient partners committed to the deal.

By the end of November 2016, KWM announced that it was
considering a range of strategic options, including a merger of
the European division.

In early December 2016, reports say that KWM Europe was in
negotiations to enter pre-packaged administration proceedings in
the UK.

KWM Europe announced on Dec. 9, 2016, that it has received "a
number of indicative purchase offers."


LANDMARK MORTGAGE: S&P Raises Rating on Class D Notes to 'B+'
-------------------------------------------------------------
S&P Global Ratings raised its credit ratings on Landmark Mortgage
Securities No.3 PLC's (LMS 3) class B, C, and D notes.  At the
same time, S&P has affirmed its rating on the class A notes.

The rating actions follow the application of S&P's relevant
criteria and its credit and cash flow analysis of the
transaction.

LMS 3 is currently paying principal sequentially because the
class A notes have not yet amortized sufficiently in line with
the documented trigger.  However, S&P expects this trigger to be
satisfied in the coming months, and the transaction will
subsequently begin to amortize on a pro rata basis.

In terms of collateral performance, decreasing arrears levels
coupled with an increased seasoning benefit have resulted in a
decrease in S&P's weighted-average foreclosure frequency (WAFF)
assumptions compared with its previous full review of the
transaction.  At the same time, S&P's weighted-average loss
severity (WALS) assumptions have deteriorated at the 'AAA' rating
level, but have improved at the rating levels of 'AA' and below.
LMS 3 has benefitted from the decrease in the weighted-average
current loan-to-value (LTV) ratios.  However, this has been
offset by the increase in S&P's repossession market value decline
assumptions, which S&P has increased at the 'AAA' rating level.

The transaction account has a documented replacement trigger that
was breached following S&P's June 9, 2015, downgrade of Barclays
Bank PLC.  The transaction also has a liquidity facility and a
swap, to hedge basis risk, provided by Royal Bank of Scotland
(RBS; BBB+/Stable/A-2)).  As with the transaction account, the
swap documentation is not fully in line with S&P's current
counterparty criteria.  The liquidity facility is also in breach
of the documented replacement framework.  However, the class A
notes do not require the benefit of the liquidity facility to
pass S&P's stresses in its cash flow analysis.  As a result,
under S&P's current counterparty criteria, the maximum achievable
rating on the class B, C, and D notes is 'BBB+ (sf)', S&P's long-
term issuer credit rating (ICR) on RBS, and for the class A notes
the maximum achievable rating is 'A- (sf)', its long-term ICR on
Barclays Bank.

Since the most recent full review, despite available credit
enhancement for each class of notes increasing and the generally
improved collateral performance, S&P's rating on the class A
notes remain capped at the long-term ICR on Barclays Bank for
counterparty reasons.  S&P has therefore affirmed its 'A- (sf)'
rating on the class A notes.

S&P's analysis also indicates that the class B, C, and D notes
can pass its cash flow stresses at higher rating levels than
those currently assigned.  S&P has therefore raised to 'BBB+
(sf)' from 'BBB (sf)', to 'BB+ (sf)' from 'B+ (sf)', and to 'B+
(sf)' from 'B- (sf)' its ratings on the class B, C, and D notes,
respectively.

S&P's credit stability analysis indicates that the maximum
projected ratings deterioration that it would expect at each
rating level for the one- and three-year horizons, under moderate
stress conditions, is in line with S&P's credit stability
criteria.

LMS 3 is a U.K. nonconforming residential mortgage-backed
securities (RMBS) transaction, which originally closed in
September 2007.  S&P assigned ratings to the transaction in
August 2014.

RATINGS LIST

Class            Rating
          To                From

Landmark Mortgages Securities No.3 PLC
GBP364.045 Million Mortgage-Backed Floating-Rate Notes

Ratings Raised

B         BBB+ (sf)         BBB (sf)
C         BB+ (sf)          B+ (sf)
D         B+ (sf)           B- (sf)

Rating Affirmed

A         A- (sf)


PREMIER OIL: Lenders Agree Terms of Financial Restructuring
-----------------------------------------------------------
Jillian Ambrose at The Telegraph reports that Premier Oil's major
lenders are poised to hit the reset button on the debt-hit UK oil
explorer within weeks after agreeing the commercial terms to one
of the most complex financial restructuring deals in the North
Sea's history.

According to The Telegraph, after nine months of talks over
Premier's US$2.8 billion (GBP2.28 billion) debt pile the oil
company announced that lenders had agreed the terms of its
refinancing and will receive the long-form term sheet for
approval by early next month.

The lender group comprises 40 banks and teams of advisers making
up around 80% of Premier's investors, The Telegraph discloses.
Its approval will offer a new lease of life for the explorer
after a two-year downturn in the oil market, The Telegraph
states.

Premier's chief executive Tony Durrant said he would be
"astonished" if any further changes were required to the proposed
restructuring plan at this stage, The Telegraph relates.

"The terms really haven't moved much in the last few months.
We're now into the rather painful process of paperwork but by
mid-February we should have entered into lock-up with our private
lenders," The Telegraph quotes Mr. Durrant as saying.

Premier revealed in its market update on Jan. 12 that the lenders
will be offered equity warrants -- which they could use to buy
further shares from the company at a better-than-market rate --
in order to sweeten the deal.

Premier Oil is a London-based oil and gas explorer.


RANGERS FOOTBALL: Worthington Group Faces Liquidation
-----------------------------------------------------
Martin Williams at Herald Scotland reports that Worthington Group
PLC, the company behind a claim over Rangers and the liquidated
club plc's GBP16 million cash pot, is itself being wound up.

Worthington was accused of stymying the process of reimbursing
businesses that were owed money by the former Rangers company --
which ranged from giants such as Coca-Cola to a picture framer in
Bearsden -- by launching a legal claim for entire GBP16 million
cash pot that had been made available to pay back creditors,
Herald Scotland relates.

It is not yet known what impact the possible demise of
Worthington Group, which is now the subject of a winding up order
from trustees of its pension protection fund, will have on its
possible claim against Rangers or creditors or the former Rangers
plc aiming to be repaid from the GBP16 million pile, Herald
Scotland notes.

Three years ago, Worthington announced to the Stock Exchange that
it was also staking a legal claim to ownership of the business
and assets of Rangers which has not yet been pursued, Herald
Scotland recounts.

It also had a legal demand on all the cash from the liquidation
of RFC 2012 plc, dubbed Rangers oldco, which led to continued
delays in payouts to thousands of unsecured creditors including
more than 6000 fans who bought GBP7.7 million worth of debenture
seats at Ibrox, Herald Scotland discloses.

In the latest update from liquidators BDO, which is overseeing
the liquidation of Rangers oldco, the firm said it is still
considering how the Worthington Group claim impacts on its
ability to pay those who lost money.

The liquidator had previously indicated it would reimburse
creditors by the end of this year, Herald Scotland notes.

According to Herald Scotland, official documents confirm that
liquidators have been appointed for Worthington after an
application was made to the High Court in London.

Irvin Cohen -- irvin.cohen@begbies-traynor.com -- and Mark Fry --
mark.fry@begbies-traynor.com -- of Begbies Traynor were appointed
joint liquidators of the investment firm, Herald Scotland relays.

                    About Rangers Football Club

Rangers Football Club PLC -- http://www.rangers.premiumtv.co.uk/
-- is a United Kingdom-based company engaged in the operation of
a professional football club.  The Company has launched its own
Internet television station, RANGERSTV.tv.  The station combines
the use of Internet television programming alongside  traditional
Web-based services.  Services offered include the streaming of
home matches and on-demand streaming of domestic and European
games, which include dedicated pre-match, half-time and post-
match commentary.  The Company will produce dedicated news
magazine and feature programs, while the fans can also access a
library of classic European, Old Firm and Scottish Premier League
(SPL) action.  Its own dedicated television studio at Ibrox
provides onsite production, editing and encoding facilities to
produce content for distribution on all media platforms.


TALKTALK TELECOM: S&P Assigns 'BB-' CCR, Outlook Positive
---------------------------------------------------------
S&P Global Ratings said that it assigned its 'BB-' long-term
corporate credit rating to U.K.-based fixed-line carrier and
mobile services provider TalkTalk Telecom Group PLC.  The outlook
is positive.

In addition, S&P assigned its 'BB-' issue rating to TalkTalk's
proposed senior notes.  The recovery rating on these notes is
'3', indicating S&P's expectation of average (50%-70%) recovery
prospects in the event of a payment default.

The rating follows TalkTalk's plans to issue GBP300 million of
senior unsecured notes.  S&P expects TalkTalk to use the proceeds
from the new notes to partially repay some of its outstanding
senior debt, including part of a GBP100 million term loan and
drawdowns on its revolving credit facilities (RCFs).

The rating on TalkTalk balances the group's established position
as a value-for-money telecom services provider in the very
competitive U.K. telecoms market with the group's only moderately
conservative financial policy, corresponding to S&P Global
Ratings-adjusted debt to EBITDA of less than 3x from fiscal 2017
and continued negative discretionary cash flow generation.

TalkTalk has national network coverage (covering about 96% of
U.K. households), enabling it to compete in areas that are not
covered by Virgin and Sky.  It is also able to offer its
customers a basic quad-play offer of fixed voice, broadband, pay-
TV, and mobile telecom services (as a mobile virtual network
operator).

In S&P's view, TalkTalk also benefits from its position as a
value-for-money carrier, which means it has relatively limited
competition from premium content suppliers like Sky, as it caters
to the more price-sensitive segment of the market, but it can
still make use of a distribution agreement for the Sky and BT
channels.  It is the fourth-largest player in the U.K. fixed-line
market, with a consumer market share of about 16%.

Further supporting TalkTalk's business risk profile are its
operations in the scalable and wealthy U.K. market, where S&P has
seen relatively rational competition despite the relatively large
number of players.  Finally, S&P sees TalkTalk's ability to
compete in the corporate and wholesale segment as a strength,
with further room to grow in the small and midsize enterprise
space.

The business risk profile is constrained, however, by competition
with significantly larger and financially stronger players BT and
Sky.  Additionally, S&P sees TalkTalk's reliance on BT and other
providers for last-mile connections from the exchanges and
backhaul as a key weakness compared with competitors like Virgin
Media.  In S&P's view, this is a key factor for TalkTalk's cost
structure due to the increasing demand for faster (fiber)
broadband, which remains an expensive cost component to be paid
to BT's Openreach on top of unbundling fees.  To an extent, this
is mitigated by the highly regulated pricing of the U.K. market.

Reliance on mobile network operators for mobile roaming, which is
linked to usage, could further burden TalkTalk's margins,
although over the medium term this may somewhat ease due to the
new contract terms with Telefonica UK.  TalkTalk's competitive
advantage may also be constrained to some extent by the
reputational effect of the October 2015 cyber-attack, which could
affect its ability to attract new subscribers.

TalkTalk has relatively moderate leverage compared with many of
its peers.  S&P currently forecasts that TalkTalk's adjusted
leverage will fall to less than 3x in financial 2017 (ending
March) from a peak of more than 4x in financial 2016, mainly as
result of exceptionally high nonrecurring costs linked to the
cyber-attack in October 2015, as well as high exceptional costs
linked to TalkTalk's transformation program.  The financial risk
profile further benefits from TalkTalk's commitment to reduce its
net debt to EBITDA to 2.0x and relatively low cost of debt
resulting in relatively strong adjusted interest coverage ratios
of about 7x-8x.

These supporting factors are somewhat offset by meaningfully
weaker cash flow metrics, including adjusted free operating cash
flow (FOCF) to debt that S&P expects to remain well below 15% due
to relatively elevated levels of capital expenditure (capex)
linked to growing its bandwidth capacity, and fiber to the
premises (FTTP) in York.  Additionally, S&P views TalkTalk's
discretionary cash flow generation as a weakness because S&P
expects this to remain negative over the foreseeable future.
This is due to TalkTalk's relatively shareholder-friendly
dividend policy, resulting in ongoing partially debt-funded
distributions.

Due to the company's track record of meaningful subscriber
acquisition and exceptional costs, pressures on free cash flows,
and some weakness in revenues over the last 12 months, S&P
currently sees its overall credit quality as somewhat weaker than
peers in the 'BB' category, but S&P sees potential for
improvement in its base case.

S&P's base case assumes:

   -- Revenue declines of about 2% in financial 2017, driven by
      the decline in TalkTalk's customer base, only partially
      offset by price increases and growth in fiber and mobile
      revenue-generating units (RGUs).

   -- Return to revenue growth of about 3% in financial 2018 as
      S&P assumes the subscriber base will stabilize, as well as
      continued growth in RGUs as well as growth from the
      company's TV app, resulting in higher average revenue per
      user and continued market share gains of TalkTalk's
      business segment.

   -- Reported EBITDA margin expansion to 16%-17% by financial
      2018 due to lower subscriber acquisition costs (SAC) and
      marketing expenses following the use of more online
      channels, lower amounts of set-top boxes, and reduction in
      exceptional costs.

   -- Total annual capex of 7%-8% of revenues.

   -- Dividends of GBP150 million.

Based on these assumptions, S&P arrives at these credit measures
in financial 2017-2018:

   -- Adjusted debt to EBITDA of about 2.9x from about 4.2x in z
      fiscal 2016;
   -- Funds from operations to debt of 29%-30%;
   -- FOCF to debt of 11%-13%; and
   -- Negative discretionary cash flows.

The positive outlook reflects the possibility that could S&P
raises the rating by one notch over the next 6-12 months if it
sees revenues return to growth, with stabilization in TalkTalk's
customer base and continued reduction in customer churn, as well
as material improvement in EBITDA and free cash generation
following a significant decline in exceptional costs and lower
subscriber acquisition costs, in line with S&P's base case.

S&P could raise the rating if TalkTalk's revenues stabilize and
the adjusted EBITDA margin rises to more than 15% after
exceptional costs, which should in turn support improvement in
credit metrics and free cash flow generation, notably adjusted
debt to EBITDA falling to sustainably less than 3x and FOCF to
debt of 10%-15%.

S&P could revise the outlook to stable if it continues to see
subdued EBITDA margins on the back of higher-than-anticipated
subscriber acquisition or connection costs, very high demand for
lower-margin fiber offers, and continued high exceptional costs
to turn around performance on the back of net subscriber losses.


===============
X X X X X X X X
===============


* BOND PRICING: For the Week January 9 to January 13, 2017
----------------------------------------------------------

Issuer                      Coupon     Maturity  Currency  Price
------                      ------     --------  --------  -----
Banca Monte dei Paschi di S   5.00    4/21/2020   EUR     45.17
Privatbank CJSC Via UK SPV   10.25    1/23/2018   USD     13.82
Banca Monte dei Paschi di S   2.29    5/15/2018   EUR     45.25
Bank of New York Mellon Lux   3.94   12/30/2099   EUR      2.96
Banca Monte dei Paschi di S   5.60     9/9/2020   EUR     46.25
Oi Brasil Holdings Cooperat   5.75    2/10/2022   USD     32.00
Banca Monte dei Paschi di S   0.69   11/30/2017   EUR     45.19
Privatbank CJSC Via UK SPV   11.00     2/9/2021   USD     10.13
Ensco PLC                     5.75    10/1/2044   USD     72.24
Bank of New York Mellon Lux   4.19   12/15/2050   EUR     45.25
Privatbank CJSC Via UK SPV   10.88    2/28/2018   USD     11.75
Portugal Telecom Internatio   4.63     5/8/2020   EUR     30.01
CGG SA                        5.88    5/15/2020   EUR     45.65
CSN Resources SA              6.50    7/21/2020   USD     73.44
Intelsat Luxembourg SA        7.75     6/1/2021   USD     32.75
Air Berlin PLC                6.75     5/9/2019   EUR     75.00
Offshore Drilling Holding S   8.38    9/20/2020   USD     43.00
Veneto Banca SpA              9.50    12/1/2025   EUR     38.83
Portugal Telecom Internatio   5.00    11/4/2019   EUR     29.51
Banca Popolare di Vicenza     2.84   12/20/2017   EUR     52.00
Aegon NV                      0.26                EUR     62.04
Portugal Telecom Internatio   4.38    3/24/2017   EUR     29.98
Petrobras Global Finance BV   5.63    5/20/2043   USD     74.47
PagesJaunes Finance & Co SC   8.88     6/1/2018   EUR     62.02
Grupo Isolux Corsan Finance   6.63    4/15/2021   EUR     21.50
Abengoa SA                    8.50    3/31/2016   EUR      3.78
CGG SA                        1.75     1/1/2020   EUR      2.28
Banque Federative du Credit   0.90                EUR     61.21
Air Berlin PLC                5.63     5/9/2019   CHF     64.87
Banca Popolare di Vicenza     9.50    9/29/2025   EUR     39.05
Casino Guichard Perrachon S   1.43                EUR     58.88
CHC Helicopter SA             9.25   10/15/2020   USD     45.00
Obrascon Huarte Lain SA       4.75    3/15/2022   EUR     72.00
Rickmers Holding AG           8.88    6/11/2018   EUR     18.13
Aegon NV                      1.68                USD     71.32
Frigoglass Finance BV         8.25    5/15/2018   EUR     63.52
Portugal Telecom Internatio   4.50    6/16/2025   EUR     30.43
Ajecorp BV                    6.50    5/14/2022   USD     51.46
Obrascon Huarte Lain SA       5.50    3/15/2023   EUR     71.66
Portugal Telecom Internatio   6.25    7/26/2016   EUR     29.73
Abengoa Finance SA            8.88     2/5/2018   EUR      4.02
Portugal Telecom Internatio   5.88    4/17/2018   EUR     29.50
AXA SA                        0.82                EUR     70.28
Fuerstenberg Capital II Gmb   5.63                EUR     65.34
AXA SA                        0.54                EUR     66.37
QGOG Constellation SA         6.25    11/9/2019   USD     65.93
AXA SA                        0.95                EUR     72.32
Abengoa Finance SA            6.00    3/31/2021   EUR      3.86
Fred Olsen Energy ASA         4.13    2/28/2019   NOK     57.88
Veneto Banca SpA              0.74    6/21/2017   EUR     44.06
CGG SA                        6.50     6/1/2021   USD     46.10
CGG SA                        1.25     1/1/2019   EUR     17.43
Far East Capital Ltd SA       8.00     5/2/2018   USD     56.00
Nordea Bank AB                0.44                EUR     67.39
Bluewater Holding BV         10.00   12/10/2019   USD     64.50
Avanti Communications Group  10.00    10/1/2019   USD     76.00
OAS Investments GmbH          8.25   10/19/2019   USD      5.00
Santander International Pre   2.00                USD     46.00
Banca Monte dei Paschi di S   7.00     3/4/2019   EUR     46.13
Brunswick Rail Finance Desi   6.50    11/1/2017   USD     58.50
BPCE SA                       2.81                USD     71.52
Intelsat Jackson Holdings S   5.50     8/1/2023   USD     67.66
Neopost SA                    3.38                EUR     50.76
CNP Assurances                0.88                EUR     59.08
Etablissements Maurel et Pr   1.63     7/1/2019   EUR     16.50
Abengoa Finance SA            7.00    4/15/2020   EUR      3.80
HSBC Bank PLC                 1.63                USD     70.87
Sapinda Invest SARL           5.00    6/30/2019   EUR     54.00
ING Groep NV                  0.84                EUR     67.38
AXA SA                        1.43                USD     74.15
Banca Monte dei Paschi di S   0.69    1/15/2018   EUR     46.95
Ageasfinlux SA                1.04                EUR     47.67
BNP Paribas Fortis SA         1.68                EUR     65.31
ING Groep NV                  0.44                EUR     62.35
Rothschilds Continuation Fi   0.81                EUR     54.93
Holdikks SAS                  6.75    7/15/2021   EUR     70.51
Capital Funding GmbH          2.09                EUR     71.27
Credit Agricole SA            0.68                EUR     62.62
Landes-Hypothekenbank Steie   0.07    3/20/2043   EUR     73.33
Intelsat Luxembourg SA        8.13     6/1/2023   USD     31.75
Immigon Portfolioabbau AG    10.00                EUR      6.63
HSH Nordbank AG/Luxembourg    2.10                EUR     13.85
AXA SA                        2.10                USD     74.81
Credit Mutuel Arkea SA        0.44                EUR     53.71
ADLER Real Estate AG          2.50    7/19/2021   EUR     14.99
Gol LuxCo SA                  8.88    1/24/2022   USD     67.50
Scholz Holding Gmbh           8.50     3/8/2017   EUR     37.38
Indo Energy Finance II BV     6.38    1/24/2023   USD     80.01
Banco Espirito Santo SA       4.00    1/21/2019   EUR     27.88
Banque Federative du Credit   0.65                EUR     59.70
Aldesa Financial Services S   7.25     4/1/2021   EUR     67.00
Brighthouse Group PLC         7.88    5/15/2018   GBP     68.88
Avanti Communications Group  10.00    10/1/2019   USD     60.25
Banca Monte dei Paschi di S   2.79   10/31/2018   EUR     46.00
Pacific Drilling SA           5.38     6/1/2020   USD     35.68
Algeco Scotsman Global Fina  10.75   10/15/2019   USD     71.25
Abengoa Greenfield SA         5.50    10/1/2019   EUR      3.88
IMMOFINANZ AG                 4.25     3/8/2018   EUR      4.32
Havila Shipping ASA           8.60    3/30/2017   NOK     50.88
Santander Finance Preferred   0.31                EUR     59.04
Caixa Terrassa Societat de    0.41                EUR     54.63
KTG Energie AG                7.25    9/28/2018   EUR      6.75
KTG Agrar SE                  7.13     6/6/2017   EUR      2.07
CGG SA                        6.88    1/15/2022   USD     46.26
Solarworld AG                 9.68    2/24/2019   EUR     57.10
Air France-KLM                2.03    2/15/2023   EUR     10.41
SOITEC                        6.75    9/18/2018   EUR      2.79
OGX Austria GmbH              8.50     6/1/2018   USD      0.00
Jyske Bank A/S                0.49                EUR     51.13
Yuksel Insaat AS              9.50   11/10/2015   USD     25.88
Abengoa Finance SA            8.88    11/1/2017   USD      3.42
Banco Espirito Santo SA       7.13   11/28/2023   EUR      0.35
VistaJet Malta Finance PLC    7.75     6/1/2020   USD     65.88
Bibby Offshore Services PLC   7.50    6/15/2021   GBP     60.50
Banca Carige SpA              2.78    6/19/2018   EUR     70.00
Mriya Agro Holding PLC        9.45    4/19/2018   USD      6.95
WPE International Cooperati  10.38    9/30/2020   USD     15.00
Alno AG                       8.50    5/14/2018   EUR     42.75
UkrLandFarming PLC           10.88    3/26/2018   USD     26.50
Pierre & Vacances SA          3.50    10/1/2019   EUR     40.47
Societe Alsacienne et Lorra   1.63     1/1/2022   EUR     57.62
Johnston Press Bond Plc       8.63     6/1/2019   GBP     62.75
Econocom Group SA/NV          1.50    1/15/2019   EUR     14.07
Takko Luxembourg 2 SCA        6.69    4/15/2019   EUR     73.00
ATF Capital BV                8.58                USD     62.13
CEVA Group PLC                9.00     9/1/2021   USD     65.00
European Directories BondCo   7.00    12/9/2018   EUR     66.25
HSBC Bank PLC                 1.50                USD     72.13
Ichor Coal NV                 8.00     6/7/2017   EUR     53.44
Banco Espirito Santo SA       2.63     5/8/2017   EUR     27.88
Banco Bilbao Vizcaya Argent   0.99                EUR     72.26
Banca Carige SpA              8.34                EUR     34.50
Afren PLC                     6.63    12/9/2020   USD      0.06
HSBC Bank PLC                 1.48                USD     70.67
Far East Capital Ltd SA       8.75     5/2/2020   USD     57.50
GEWA 5 to 1 GmbH & Co KG      6.50    3/24/2018   EUR     31.38
Banco Espirito Santo SA       4.75    1/15/2018   EUR     27.88
Bilt Paper BV                 9.64                USD     49.19
BPCE SA                       0.42                EUR     56.50
Novo Banco SA                 5.00     4/4/2019   EUR     67.92
Sequa Petroleum NV            5.00    4/29/2020   USD     69.00
Virgolino de Oliveira Finan  10.50    1/28/2018   USD      8.10
Nexity SA                     0.13     1/1/2023   EUR     63.95
CHC Helicopter SA             9.38     6/1/2021   USD     34.00
Lambay Capital Securities P   6.25                GBP      0.58
Cofinoga Funding Two LP       1.68                EUR     62.25
Aegon NV                      5.19                NLG     65.46
Rothschilds Continuation Fi   1.50                USD     48.75
Eramet                        4.00                EUR     57.22
Fuerstenberg Capital Erste    1.45                EUR     56.63
Paragon Offshore PLC          6.75    7/15/2022   USD     18.25
BIM SAS                       2.50   11/13/2020   EUR     27.07
Novo Banco SA                 3.50     1/2/2043   EUR     50.88
Rem Offshore ASA              5.00    12/8/2024   NOK     32.30
NIBC Bank NV                  0.66                EUR     51.00
Etablissements Maurel et Pr   2.75     7/1/2021   EUR     11.01
Bremer Landesbank Kreditans   8.50                EUR     61.84
Espirito Santo Financial Gr   6.88   10/21/2019   EUR      0.31
Sydbank A/S                   0.85                EUR     56.50
GNB - Cia de Seguros de Vid   3.18                EUR     50.00
Caisse Federale du Credit M   0.89                EUR     54.05
IGas Energy PLC              10.00    3/22/2018   USD     73.75
Banca Popolare di Vicenza     5.00     6/4/2024   EUR     67.44
Ekosem-Agrar GmbH             8.50    12/7/2022   EUR     66.75
UniCredit Bank Austria AG     0.18   10/31/2031   EUR     68.59
Norske Skog Holding AS        8.00    2/24/2021   EUR     48.88
Virgolino de Oliveira Finan  11.75     2/9/2022   USD      7.97
GNB - Cia de Seguros de Vid   1.88   12/19/2022   EUR     55.00
Norske Skogindustrier ASA     7.13   10/15/2033   USD     29.63
Waste Italia SpA             10.50   11/15/2019   EUR     24.88
Deutsche Bank AG/London       2.98    6/30/2034   USD     60.25
OSX 3 Leasing BV             13.00    3/20/2015   USD     25.00
Banco Santander SA            0.61                EUR     58.20
Societe Generale SA           1.38                USD     62.25
Mitchells & Butlers Finance   0.97   12/15/2033   GBP     72.67
BNP Paribas SA                1.15                EUR     56.00
Pescanova SA                  5.13    4/20/2017   EUR      2.05
German Pellets GmbH           7.25     7/9/2018   EUR      0.75
Beate Uhse AG                 7.75     7/9/2019   EUR     22.50
Rudolf Woehrl AG              6.50    2/12/2018   EUR     11.26
Danske Bank Oyj               0.63                EUR     56.55
Abengoa Finance SA            7.75     2/1/2020   USD      3.23
Norske Skogindustrier ASA     2.00   12/30/2115   EUR     15.00
Sanha GmbH & Co KG            7.75     6/4/2018   EUR     40.25
Oi Brasil Holdings Cooperat   5.75    2/10/2022   USD     33.50
Popular Capital SA            0.81                EUR     48.00
Solarworld AG                 9.68    2/24/2019   EUR     50.87
Nordea Bank Norge ASA         1.50                USD     63.03
Jyske Bank A/S                0.53                EUR     57.75
Banca Monte dei Paschi di S   4.40    3/14/2024   EUR     32.13
Tatfondbank PJSC             12.50   12/11/2024   RUB     29.32
Co-Operative Bank PLC/Unite   8.50     7/1/2025   GBP     69.68
NTRP Via Interpipe Ltd       10.25     8/2/2017   USD     26.67
Privatbank CJSC Via UK SPV   10.88    2/28/2018   USD     13.00
Santander Finance Capital S   2.00                USD     43.00
Allied Irish Banks PLC       12.50    6/25/2035   GBP     73.50
Novo Banco SA                 5.00    5/14/2019   EUR     68.08
Deutsche Bank AG/London       3.20   10/31/2034   USD     71.50
Tatfondbank PJSC             13.50    5/28/2025   RUB     29.85
Ekosem-Agrar GmbH             8.75    3/23/2021   EUR     72.25
Ideal Standard Internationa  11.75     5/1/2018   EUR     11.88
Matalan Finance PLC           8.88     6/1/2020   GBP     68.25
Banco Espirito Santo SA       2.35                EUR      0.15
Paragon Offshore PLC          7.25    8/15/2024   USD     17.75
Volksbank NV                  6.25   10/26/2020   EUR      3.23
KTG Agrar SE                  7.25   10/15/2019   EUR      2.09
Volksbank NV                 11.25                EUR      1.69
Standard Chartered PLC        1.65                USD     66.56
World Wide Supply AS          7.75    5/26/2017   USD     14.00
Greene King Finance PLC       2.45    3/15/2036   GBP     69.89
E Forland AS                  7.89     9/4/2018   NOK     67.00
Ausy                          3.25     1/1/2021   EUR     63.25
ESFIL-Espirito Santo Financ   5.25    6/12/2015   EUR      0.25
German Pellets GmbH           7.25   11/27/2019   EUR      0.75
Pacific Drilling SA           5.38     6/1/2020   USD     35.00
Pescanova SA                  8.75    2/17/2019   EUR      2.05
Barclays Bank PLC             1.62    1/27/2031   USD     69.97
Aegon NV                      1.51                NLG     57.27
Minicentrales Dos SA          6.45    4/14/2028   EUR     63.50
Scandinavian Airlines Syste   0.63                CHF     24.88
Offshore Drilling Holding S   8.38    9/20/2020   USD     41.00
Aralco Finance SA            10.13     5/7/2020   USD      2.00
Alpine Holding GmbH           6.00    5/22/2017   EUR      1.69
Bank Nadra via NDR Finance    8.25    7/31/2018   USD      0.38
Candyking Holding AB          5.00    1/29/2018   SEK     36.63
Manchester Building Society   6.75                GBP     13.88
Barclays Bank PLC             0.84    3/21/2033   USD     54.75
Farstad Shipping ASA          4.52    5/29/2018   NOK     28.50
Oceanteam ASA                12.13   10/24/2017   USD     20.00
Mobylife Holding A/S          7.25    5/23/2018   SEK     64.88
Olympic Ship AS               6.15    6/18/2019   NOK     19.75
Elematic Oy Ab               10.00    5/30/2018   EUR     53.00
Talvivaara Mining Co PLC      4.00   12/16/2015   EUR      0.38
Iona Energy Co UK PLC        12.50    9/27/2018   USD      3.27
Abengoa SA                    6.25    1/17/2019   EUR      2.64
Praktiker AG                  5.88    2/10/2016   EUR      0.13
City of Kiev Ukraine Via CS   8.00    11/6/2015   USD     70.38
3W Power SA                   5.50   11/11/2020   EUR     64.51
Elli Investments Ltd         12.25    6/15/2020   GBP     45.13
Barclays Bank PLC             1.48    7/28/2031   USD     67.56
Tonon Luxembourg SA           7.25    1/24/2020   USD     11.13
Avanti Communications Group  10.00    10/1/2019   USD     60.00
Afren PLC                    11.50     2/1/2016   USD      0.09
Tonon Luxembourg SA          10.50    5/14/2024   USD     40.63
Mriya Agro Holding PLC       10.95    3/30/2016   USD      5.67
Novo Banco SA                 5.00    5/21/2019   EUR     68.08
Barclays Bank PLC             1.88    11/1/2031   USD     65.10
Barclays Bank PLC             5.40    9/13/2028   USD     74.85
IGas Energy PLC              10.00   12/11/2018   USD     21.88
IKB Deutsche Industriebank    5.63    3/31/2017   EUR     27.00
Centrics Oil & Gas Finance    6.00     3/4/2017   EUR     70.00
Lloyds Bank PLC               3.25   11/27/2033   USD     66.50
Enterprise Holdings LTD       7.00    3/30/2020   EUR      2.33
Royal Bank of Scotland Grou   1.16                USD     70.75
Abengoa Finance SA            8.88    11/1/2017   USD      3.42
Barclays Bank PLC             2.62   12/23/2033   USD     68.53
Banca Popolare di Vicenza     4.97    4/20/2027   EUR     68.63
Deutsche Bank AG/London       1.09    3/15/2033   USD     54.25
Vneshprombank Ltd via VPB F   9.00   11/14/2016   USD      0.00
NIBC Bank NV                  1.84                USD     59.50
Neue ZWL Zahnradwerk Leipzi   7.50    2/17/2021   EUR     62.63
Banca Carige SpA              1.68   12/29/2018   EUR     47.88
BNP Paribas SA                1.31                USD     63.00
Barclays Bank PLC             2.72    3/28/2034   USD     61.22
Mitchells & Butlers Finance   2.50    6/15/2036   GBP     73.53
Novo Banco SA                 5.00    5/23/2019   EUR     67.74
Vseukrainsky Aktsinerny Ban  10.90    6/14/2019   USD      1.83
Barclays Bank PLC             3.55    7/31/2034   USD     68.48
Talvivaara Mining Co PLC      9.75     4/4/2017   EUR      0.56
OGX Austria GmbH              8.38     4/1/2022   USD      0.00
SeniVita Sozial gemeinnuetz   7.00                EUR     70.00
Farstad Shipping ASA          5.27    2/15/2017   NOK     28.50
Spirit Issuer PLC             0.92   12/28/2028   GBP     71.96
Touax SA                      6.00    7/10/2020   EUR     16.85
Cooperatieve Rabobank UA      0.50   11/26/2021   ZAR     64.41
Espirito Santo Financial Gr   3.13    12/2/2018   EUR      0.23
Steilmann SE                  7.00     3/9/2017   EUR      2.42
Tatfondbank PJSC             13.00     9/7/2021   RUB     26.83
Barclays Bank PLC             1.50                USD     69.35
Travel24.com AG               7.50    9/17/2017   EUR     60.00
Corporate Commercial Bank A   8.25     8/8/2014   USD      0.54
Havila Shipping ASA           9.67    8/30/2017   NOK     14.75
Cirio Holding Luxembourg SA   6.25    2/16/2004   EUR      0.75
National Westminster Bank P   1.50                USD     70.75
Minicentrales Dos SA          4.81   11/29/2034   EUR     56.50
Avanti Communications Group  10.00    10/1/2019   USD     62.38
TradeDoubler AB               6.75   12/20/2018   SEK     47.13
Phosphorus Holdco PLC        10.00     4/1/2019   GBP      3.29
Afren PLC                     6.63    12/9/2020   USD      0.06
OP Corporate Bank plc         0.61                EUR     56.03
Lehman Brothers UK Capital    5.75                EUR      0.02
Rena GmbH                     7.00   12/15/2015   EUR      8.63
Banca delle Marche SpA        0.64     6/1/2017   EUR      1.00
Novo Banco SA                 5.00    2/24/2022   EUR     68.25
LBI HF                        6.10    8/25/2011   USD     11.13
Barclays Bank PLC             0.69    2/25/2031   USD     67.81
Orient Express Bank PJSC vi  12.00    5/29/2019   USD     51.88
Lloyds Bank PLC               0.66    4/26/2033   USD     54.38
Avanti Communications Group  10.00    10/1/2019   USD     59.88
Capital Raising GmbH          7.50                EUR     18.50
Olympic Ship AS               7.29    9/21/2017   NOK     21.25
Lehman Brothers UK Capital    5.13                EUR      0.20
Credit Lyonnais SACA          0.80                EUR
Barclays Bank PLC             0.53    5/31/2033   USD     54.57
Gebr Sanders GmbH & Co KG     8.75   10/22/2018   EUR     24.75
Volstad Subsea AS             7.65     7/5/2017   NOK     69.88
Banco Espirito Santo SA       6.88    7/15/2016   EUR     26.88
Stroika Finance Ltd Via Eme   7.70    6/25/2019   RUB     12.00
Lloyds Bank PLC               1.56                USD     70.20
Barclays Bank PLC             0.96    9/30/2031   USD     67.82
Dexia Credit Local SA         1.42                EUR      3.60
Steilmann SE                  7.00    9/23/2018   EUR      2.42
Novo Banco SA                 3.00    6/21/2022   USD     65.01
National Westminster Bank P   1.38                USD     70.75
Sazka AS                      9.00    7/12/2021   EUR      2.73
Alcatel-Lucent SA             0.13    1/30/2020   EUR      4.11
Royal Bank of Scotland PLC/   2.65    8/26/2031   USD     62.92
International Industrial Ba  11.00    2/19/2013   USD      0.49
Abengoa Greenfield SA         6.50    10/1/2019   USD      3.88
Veneto Banca SpA              6.95    2/25/2025   EUR     43.50
National Westminster Bank P   1.19                USD     70.88
Abengoa SA                    4.50     2/3/2017   EUR      4.30
Virgolino de Oliveira Finan  10.88    1/13/2020   USD     25.75
Deutsche Bank AG/London       2.65    8/28/2034   USD     58.00
Electromagnetic Geoservices   7.18    6/27/2019   NOK     45.63
EDOB Abwicklungs AG           7.50     4/1/2012   EUR      0.25
Solor Bioenergi Holding AB    6.30    11/2/2017   NOK     57.50
Orco Property Group SA        7.00    11/7/2019   EUR     70.50
Abengoa Greenfield SA         6.50    10/1/2019   USD      3.88
syncreon Group BV / syncreo   8.63    11/1/2021   USD     73.50
Breeze Finance SA             6.71    4/19/2027   EUR     28.00
RENE LEZARD Mode GmbH         7.25   11/25/2017   EUR     15.00
Novo Banco SA                 5.00    3/15/2022   EUR     68.25
Enterprise Holdings LTD       7.00    9/26/2017   EUR      2.33
Neue ZWL Zahnradwerk Leipzi   7.50     3/4/2019   EUR     73.63
Novo Banco SA                 3.50    2/19/2043   EUR     51.70
Espirito Santo Financial Gr   9.75   12/19/2025   EUR      0.52
Brunswick Rail Finance Desi   6.50    11/1/2017   USD     58.38
Paragon Offshore PLC          7.25    8/15/2024   USD     17.75
Royal Bank of Scotland PLC/   2.54   11/16/2030   USD     64.45
Lloyds Bank PLC               1.33                USD     70.25
Lehman Brothers Treasury Co   6.00    11/2/2035   EUR      9.25
Societe Generale SA           0.81                EUR     52.14
Norske Skogindustrier ASA     7.13   10/15/2033   USD     34.69
PA Resources AB              13.50     3/3/2016   SEK      0.11
getgoods.de AG                7.75    10/2/2017   EUR      0.03
Barclays Bank PLC             0.66    3/28/2033   USD     54.66
Abanka Vipa DD Via Afinance   1.59                EUR      0.91
Lloyds Bank PLC               0.83    1/31/2033   USD     57.93
Sydbank A/S                   0.79                EUR     69.25
Steilmann SE                  6.75    6/27/2017   EUR      4.44
BOA Offshore AS               7.90   12/18/2018   NOK     23.50
JZ Capital Partners Ltd       6.00    7/30/2021   GBP     11.00
Barclays Bank PLC             1.56                USD     71.34
Island Drilling Co ASA        9.50     4/3/2018   USD      2.87
Dexia SA                      1.47                EUR      5.13
Commerzbank Holdings UK Ltd   1.69                USD     67.53
Deutsche Bank AG              0.50    6/28/2033   USD     56.13
SiC Processing GmbH           7.13     3/1/2016   EUR      1.26
Smart Solutions GmbH          8.00    12/3/2018   EUR     29.38
Portugal Telecom Internatio   5.24    11/6/2017   EUR     30.88
IKB Deutsche Industriebank    4.70    3/31/2017   EUR     27.00
Azubu Investments SA          5.00    8/25/2018   EUR     50.00
Cirio Finanziaria SpA         8.00   12/21/2005   EUR      0.25
Veneto Banca SpA              6.94    5/15/2025   EUR     29.88
Lehman Brothers Treasury Co   6.00    2/15/2035   EUR      9.25
Barclays Bank PLC             4.65   11/28/2029   USD     74.75
Alno AG                       8.00    3/21/2019   EUR     38.00
CNP Assurances                2.00                EUR     62.00
Teksid Aluminum Luxembourg   11.38    7/15/2011   EUR      0.19
Barclays Bank PLC             3.23    8/28/2029   USD     74.56
Barclays Bank PLC             1.46    6/17/2033   USD     58.92
Sairgroup Finance BV          4.38     6/8/2006   EUR     18.50
Societe Generale SA           8.88     6/1/2017   USD     29.75
Petrol AD                     8.38    1/26/2017   EUR     14.50
SeaBird Exploration Finance   6.00     3/3/2018   USD     10.00
Deutsche Bank AG/London       3.33    3/27/2035   USD     73.95
Wild Bunch AG                 8.00    3/23/2019   EUR     60.00
More & More AG                8.13    6/11/2018   EUR     31.75
UniCredit Bank Austria AG     0.16   12/27/2031   EUR     65.75
IT Holding Finance SA         9.88   11/15/2012   EUR      0.11
Action SA                     3.19     7/4/2017   PLN     37.49
Strenesse AG                  9.00    3/15/2017   EUR     16.50
Hybrid Raising GmbH           6.63                EUR     17.50
Novo Banco SA                 3.50    1/23/2043   EUR     50.88
CBo Territoria                6.00     1/1/2020   EUR      4.20
Norske Skog Holding AS        8.00    2/24/2023   USD     43.25
KPNQwest NV                  10.00    3/15/2012   EUR      0.06
Barclays Bank PLC             3.38    9/29/2034   USD     69.92
Bank Nederlandse Gemeenten    0.50     6/7/2022   ZAR     61.62
Espirito Santo Financial Po   5.13    5/30/2016   EUR      0.64
Kaupthing ehf                 7.63    2/28/2015   USD     17.63
Standard Chartered PLC        1.13                USD     66.19
Lloyds Bank PLC               0.75    2/22/2033   USD     54.75
Far Eastern Shipping Co PLC  13.00   11/28/2017   RUB     52.06
Lehman Brothers Treasury Co   7.25    10/5/2035   EUR      9.63
Abengoa Finance SA            7.75     2/1/2020   USD      3.23
Cooperatieve Rabobank UA      0.50   10/30/2043   MXN     10.24
Barclays Bank PLC             0.60     4/9/2028   USD     65.10
Karlie Group GmbH             5.00    6/25/2021   EUR      2.61
Norske Skog Holding AS        8.00    2/24/2023   USD     43.25
Cirio Finance Luxembourg SA   7.50    11/3/2002   EUR      4.49
Kaupthing ehf                 5.75    10/4/2011   USD     17.63
Deutsche Bank AG/London       3.62    9/30/2029   USD     70.50
Artea                         6.00     8/4/2019   EUR     15.66
Norske Skog Holding AS        8.00    2/24/2021   EUR     48.88
Finance and Credit Bank JSC   9.25    1/25/2019   USD      0.00
Cirio Del Monte NV            7.75    3/14/2005   EUR      0.78
Belfius Bank SA/NV            1.66                FRF     69.13
Sidetur Finance BV           10.00    4/20/2016   USD      5.25
DNB Bank ASA                  1.38                USD     60.35
Koninklijke Luchtvaart Maat   0.75                CHF     36.55
Barclays Bank PLC             1.25                USD     71.11
Svensk Exportkredit AB        0.50    6/20/2029   AUD     67.84
Banco Pinto & Sotto Mayor     0.68                EUR     18.90
de Volksbank NV               6.26                EUR      0.01
DNB Bank ASA                  1.19                USD     60.33
Laurel GmbH                   7.13   11/16/2017   EUR      8.75
German Pellets GmbH           7.25     4/1/2016   EUR      0.75
Eidesvik Offshore ASA         5.60    5/22/2018   NOK     68.50
OGX Austria GmbH              8.38     4/1/2022   USD      0.00
Eniro AB                      6.00    4/14/2020   SEK     14.34
Del Monte Finance Luxembour   6.63    5/24/2006   EUR      4.98
Assystem                      4.50                EUR     30.69
Barclays Bank PLC             2.57   12/27/2028   USD     72.85
Royal Bank of Scotland PLC/   2.62   12/30/2030   USD     67.59
Hellas Telecommunications L   8.50   10/15/2013   EUR      0.28
Manchester Building Society   8.00                GBP     24.25
Portigon AG                   7.46   12/31/2019   EUR     21.50
Golden Gate AG                6.50   10/11/2014   EUR     47.75
Dexia Kommunalbank Deutschl   4.88   12/31/2016   EUR     37.00
Tatfondbank PJSC             13.50    3/21/2025   RUB     25.65
Tonon Luxembourg SA          10.50    5/14/2024   USD     40.63
Grupo Isolux Corsan Finance   6.63    4/15/2021   EUR     21.88
Standard Chartered PLC        1.56                USD     66.25
Barclays Bank PLC             4.27    5/14/2029   USD     70.00
AKB Peresvet ZAO             13.50   10/16/2020   RUB     29.26
Danske Bank Oyj               1.28                EUR     43.38
CGG SA                        5.88    5/15/2020   EUR     45.88
Mox Telecom AG                7.25    11/2/2017   EUR      2.70
Kommunekredit                 0.50    7/30/2027   TRY     29.51
Region of Abruzzo Italy       0.17    11/7/2036   EUR     62.83
Phones4u Finance PLC          9.50     4/1/2018   GBP     66.00
Volstad Shipping AS           7.14    4/15/2019   NOK     25.00
Sairgroup Finance BV          6.63    10/6/2010   EUR     20.00
CRC Breeze Finance SA         6.11     5/8/2026   EUR     52.38
Windreich GmbH                6.50     3/1/2015   EUR     10.88
Barclays Bank PLC             2.62   12/30/2030   USD     67.41
Barclays Bank PLC             1.14    3/21/2031   USD     68.90
Tatfondbank PJSC             14.50     2/3/2026   RUB     27.16
Alpine Holding GmbH           5.25    6/10/2016   EUR      1.65
Pescanova SA                  6.75     3/5/2015   EUR      3.03
CEVA Group PLC                9.00     9/1/2021   USD     64.00
Rena GmbH                     8.25    7/11/2018   EUR      8.63
KPNQwest NV                   8.88     2/1/2008   EUR      0.06
Frey                          6.00   11/15/2022   EUR     22.80
Barclays Bank PLC             0.96    9/30/2031   USD     67.87
MS Deutschland Beteiligungs   6.88   12/18/2017   EUR      9.32
PA Resources AB               3.00   12/27/2017   NOK      0.11
Barclays Bank PLC             2.62   12/30/2030   USD     67.46
BNP Paribas SA                0.78    4/30/2033   USD     50.09
APP International Finance C  11.75    10/1/2005   USD      0.56
Dexia Kommunalbank Deutschl   5.63   12/31/2017   EUR     13.13
OGX Austria GmbH              8.50     6/1/2018   USD      0.00
Windreich GmbH                6.50    7/15/2016   EUR     10.88
Deutsche Bank AG/London       3.65   11/26/2034   USD     65.80
Svensk Exportkredit AB        0.50    3/28/2029   AUD     69.06
Cooperatieve Rabobank UA      0.50    7/30/2043   MXN     10.33
Paragon Offshore PLC          6.75    7/15/2022   USD     18.75
Lloyds Bank PLC               1.13                USD     70.37
Far Eastern Shipping Co PLC  15.00    2/27/2018   RUB     51.75
Barclays Bank PLC             0.07   12/28/2040   EUR     67.03
Lloyds Bank PLC               1.84    7/29/2033   USD     70.00
Arpeni Pratama Ocean Line I   2.00    6/30/2021   USD      0.01
Accentro Real Estate AG       6.25    3/27/2019   EUR      7.00
KPNQwest NV                   7.13     6/1/2009   EUR      0.06
Barclays Bank PLC             2.41   11/29/2030   USD     67.83
UniCredit Bank Austria AG     0.21    8/20/2033   EUR     66.78
AMATHEON AGRI                 8.50     4/4/2018   EUR     72.75
CSN Resources SA              6.50    7/21/2020   USD     73.36
Activa Resources AG           8.00   11/15/2017   EUR     25.00
CHC Helicopter SA             9.25   10/15/2020   USD     47.25
IKS 5 Finance OOO             9.45    9/11/2031   RUB     60.51
Gunther Zamek Produktions-U   7.75    5/15/2017   EUR      1.55
Barclays Bank PLC             1.45    4/25/2034   USD     62.11
Dannemora Mineral AB         11.75    3/22/2016   USD      0.90
Bulgaria Steel Finance BV    12.00     5/4/2013   EUR      2.46
Bashneft PJSC                 9.50   12/10/2026   RUB     60.00
SAG Solarstrom AG             6.25   12/14/2015   EUR     28.50
DEMIRE Real Estate AG         6.00   12/30/2018   EUR      3.50
Uppfinnaren 1 AB             10.00                SEK     66.13
Kamaz PJSC                   11.24    7/18/2030   RUB     60.01
EFG International AG          0.63                EUR     65.00
Abengoa Finance SA            8.88     2/5/2018   EUR      4.02
Nationwide Building Society   0.90                GBP     70.00
Hellenic Republic Governmen   2.09    7/25/2057   EUR     30.00
Northland Resources AB        4.00   10/15/2020   USD      0.07
Volksbank NV                  2.44                EUR      1.69
Barclays Bank PLC             2.75    2/28/2034   USD     67.16
IM Skaugen SE                10.14    4/11/2017   NOK     29.75
Santander Finance Capital S   2.00                EUR     24.38
Banco Pastor SAU              2.08                EUR     57.26
Santander Finance Capital S   2.00                EUR     24.13
Autonomous Community of Cat   2.97     9/8/2039   JPY     64.41
Region of Molise Italy        0.18   12/15/2033   EUR     65.88
QGOG Constellation SA         6.25    11/9/2019   USD     65.86
Cooperatieve Rabobank UA      0.50   10/29/2027   MXN     37.29
Novo Banco SA                 3.50    3/18/2043   EUR     50.95
Bashneft PJSC                 9.50   12/12/2024   RUB     60.00
DNB Bank ASA                  1.38                USD     60.33
Northland Resources AB       15.00    7/15/2019   USD      0.44
International Finance Facil   0.50    6/24/2024   ZAR     48.62
Afren PLC                    10.25     4/8/2019   USD      0.06
A-TEC Industries AG           5.75    11/2/2010   EUR      2.00
Banca Popolare di Vicenza     9.50    10/2/2025   EUR     37.25
Oi Brasil Holdings Cooperat   5.63    6/22/2021   EUR     32.00
Geotech Seismic Services PJ  13.00   10/16/2019   RUB     71.21
Alpine Holding GmbH           5.25     7/1/2015   EUR      1.65
Kommunekredit                 0.50    2/20/2020   BRL     73.44
CGG SA                        6.88    1/15/2022   USD     45.88
Svensk Exportkredit AB        0.50    4/24/2029   AUD     59.21
Lehman Brothers Treasury Co   5.10     5/8/2017   HKD      9.63
A-TEC Industries AG           8.75   10/27/2014   EUR      2.00
VistaJet Malta Finance PLC    7.75     6/1/2020   USD     65.50
Afren PLC                    11.50     2/1/2016   USD      0.09
SAG Solarstrom AG             7.50    7/10/2017   EUR     28.50
Lehman Brothers Treasury Co   2.88    3/14/2013   CHF      9.25
Western Bulk Chartering AS    7.86    4/19/2019   NOK     71.00
HSBC France SA                1.03                EUR     48.00
PNE Wind AG                   3.75   10/10/2019   EUR      3.05
AKB Peresvet ZAO             13.00    10/7/2017   RUB     35.00
Golden Energy Offshore Serv   5.00   12/31/2017   NOK     28.00
Bashneft PJSC                 9.50   12/14/2023   RUB     60.00
UniCredit Bank Austria AG     0.18   12/31/2031   EUR     68.49
BLT Finance BV               12.00    2/10/2015   USD     10.50
Espirito Santo Financial Po   5.63    7/28/2017   EUR      0.37
Waste Italia SpA             10.50   11/15/2019   EUR     24.88
Gol LuxCo SA                  8.88    1/24/2022   USD     67.43
Standard Chartered PLC        0.69                GBP     65.12
Ajecorp BV                    6.50    5/14/2022   USD     51.37
Governo Portugues Consolida   3.00                EUR     73.10
Bank of Scotland PLC          1.56                USD     70.28
Municipality Finance PLC      0.50    7/30/2029   AUD     66.57
Oceanic Champion AS           8.00    2/20/2020   USD     68.44
Indo Energy Finance II BV     6.38    1/24/2023   USD     76.74
A-TEC Industries AG           2.75    5/10/2014   EUR      2.00
ADLER Real Estate AG          6.00    6/30/2017   EUR     13.50
Municipality Finance PLC      0.50     5/8/2029   AUD     62.78
Volksbank NV                  6.63    5/14/2018   EUR      3.23
Banco Espirito Santo SA       6.90    6/28/2024   EUR     24.38
Bremer Landesbank Kreditans   9.50                EUR     67.55
Agroton Public Ltd            6.00    7/14/2019   USD     14.00
Svensk Exportkredit AB        0.50    6/28/2022   ZAR     59.87
Assystem                      4.00     1/1/2017   EUR     25.46
ADLER Real Estate AG          6.00   12/27/2018   EUR     14.00
Abengoa Greenfield SA         5.50    10/1/2019   EUR      3.88
Societe Generale SA           1.60     1/9/2020   GBP      1.08
Kaupthing ehf                 5.75    10/4/2011   USD     17.63
Lehman Brothers Treasury Co   7.00    5/17/2035   EUR      9.25
HPI AG                        3.50                EUR      5.00
Anglian Water Services Fina   0.94    1/26/2057   GBP     74.98
Immigon Portfolioabbau AG     6.00    3/30/2017   EUR     59.00
DOF ASA                       8.17    9/12/2019   NOK     40.00
Transcapitalbank JSC         13.00     6/6/2018   RUB     70.00
syncreon Group BV / syncreo   8.63    11/1/2021   USD     73.38
Banco Espirito Santo SA      10.00    12/6/2021   EUR      0.41
Municipality Finance PLC      0.50    4/26/2022   ZAR     60.62
Cooperatieve Rabobank UA      0.50    1/31/2033   MXN     22.32
Abengoa Finance SA            6.00    3/31/2021   EUR      3.86
Virgolino de Oliveira Finan  10.50    1/28/2018   USD      6.57
Deutsche Bank AG/London       0.58    1/31/2033   USD     54.00
Barclays Bank PLC             3.49    3/27/2029   USD     60.77
Gazprom PJSC                  6.40   10/21/2043   RUB     60.06
Mriya Agro Holding PLC        9.45    4/19/2018   USD      5.13
City of Alba Iulia Romania    1.50    4/15/2025   RON     72.10
Espirito Santo Financial Gr   5.05   11/15/2025   EUR      0.38
Russian Post FGUP             9.35    9/10/2026   RUB     70.00
Republic of Italy Governmen   0.19    7/31/2045   EUR     72.42
Sparebanken Din               2.39                NOK     67.46
German Pellets GmbH           8.00                EUR      0.10
Barclays Bank PLC             0.75    4/19/2033   USD     55.15
Nuova Banca Popolare dell'E   1.68    9/28/2017   EUR      0.81
Barclays Bank PLC             6.64    3/27/2029   USD     69.43
HSBC Bank PLC                 0.50    4/27/2027   NZD     60.54
AgroGeneration                8.00     4/1/2019   EUR     69.30
La Veggia Finance SPA         7.13   11/14/2004   EUR      0.15
LBI HF                        2.25    2/14/2011   CHF      6.63
Takko Luxembourg 2 SCA        6.69    4/15/2019   EUR     73.00
Virgolino de Oliveira Finan  11.75     2/9/2022   USD      6.57
Lehman Brothers Treasury Co   8.25    3/16/2035   EUR      9.25
Northland Resources AB        4.00   10/15/2020   NOK      0.07
Orient Express Bank PJSC     13.60     8/9/2018   RUB     63.75
Salvator Grundbesitz-AG       9.50   12/31/2021   EUR     10.20
Aralco Finance SA            10.13     5/7/2020   USD      1.26
Solon SE                      1.38    12/6/2012   EUR      0.33
Finmek International SA       7.00    12/3/2004   EUR      0.13
Algeco Scotsman Global Fina  10.75   10/15/2019   USD     70.38
Barclays Bank PLC             1.52    7/28/2034   USD     62.82
Kaupthing ehf                 6.13    10/4/2016   USD     17.63
Lehman Brothers Treasury Co   6.65    8/24/2011   AUD      9.63
Vnesheconombank              11.60    2/17/2025   RUB     60.01
Deutsche ETP GmbH & Co Immo   3.00   11/30/2028   EUR
Moscow United Electric Grid  11.00    9/12/2024   RUB     61.22
Kaupthing ehf                 6.13    10/4/2016   USD     17.63
Penell GmbH Elektrogroshand   7.75    6/10/2019   EUR      4.50
State Transport Leasing Co    9.00   11/24/2031   RUB     60.31
Bank Nederlandse Gemeenten    0.50    7/12/2022   ZAR     60.25
UmweltBank AG                 2.85                EUR     50.62
Far East Capital Ltd SA       8.75     5/2/2020   USD     56.25
Governo Portugues Consolida   2.75                EUR     65.50
Barclays Bank PLC             2.84   10/30/2034   USD     68.72
Lehman Brothers Treasury Co   5.00    9/22/2014   EUR      9.25
Lehman Brothers Treasury Co   5.00    2/16/2015   EUR      9.25
Pongs & Zahn AG               8.50                EUR      0.34
IVG Immobilien AG             5.54                EUR      0.48
Heliocentris Energy Solutio   4.00    1/16/2019   EUR     58.09
Depfa Funding IV LP           5.03                EUR     56.88
Lehman Brothers Treasury Co   6.00    3/18/2015   USD      9.25
Kaupthing ehf                 9.00                USD      0.13
KPNQwest NV                   8.13     6/1/2009   USD      0.06
Bank Nederlandse Gemeenten    0.50    9/20/2022   MXN     62.05
AKB Peresvet ZAO             13.25    6/22/2017   RUB     37.06
Frigoglass Finance BV         8.25    5/15/2018   EUR     63.75
Blaker Sparebank              4.83                NOK     41.54
NIBC Bank NV                  3.01                USD     72.93
Standard Chartered PLC        1.21                USD     66.33
AKB Peresvet ZAO             12.50     9/6/2017   RUB     33.04
Barclays Bank PLC             0.55    8/31/2031   USD     68.20
AKB Peresvet ZAO             13.25    4/25/2018   RUB     35.00
OAS Investments GmbH          8.25   10/19/2019   USD      4.10
Lehman Brothers Treasury Co   7.00     6/6/2017   EUR      1.21
SG Option Europe SA           7.00     5/5/2017   EUR     66.75
Lloyds Bank PLC               2.45   10/25/2033   USD     73.00
Russian Post FGUP             9.35   10/18/2019   RUB     62.00
Bashneft PJSC                 9.30   10/15/2026   RUB     60.00
Heta Asset Resolution AG      0.27   12/31/2023   EUR     39.25
Royal Bank of Scotland PLC/   2.65    2/25/2031   USD     66.00
Barclays Bank PLC             3.41    5/30/2034   USD     67.32
VEB-Leasing OAO              12.50    2/20/2025   RUB     61.16
Virgolino de Oliveira Finan  10.88    1/13/2020   USD     26.25
Santander Finance Capital S   2.00                USD     43.00
Matalan Finance PLC           8.88     6/1/2020   GBP     69.88
Veneto Banca SpA              1.69    5/15/2019   EUR     70.50
Depfa Funding II LP           6.50                EUR     56.00
Credit Suisse AG/London      10.00    6/28/2017   USD     54.50
AKB Peresvet ZAO             13.25    11/6/2020   RUB     22.02
SpareBank 1 Nordvest          3.94    3/11/2099   NOK     69.04
Mifa Mitteldeutsche Fahrrad   7.50    8/12/2018   EUR      2.67
Credit Suisse AG/London       8.00    5/21/2025   USD      9.09
Montepio Holding SGPS SA      5.00                EUR     50.10
DEIKON GmbH                   1.00     7/1/2016   EUR     29.57
SAir Group                    6.25   10/27/2002   CHF     12.53
Abengoa SA                    5.13     3/5/2017   USD      3.21
BLT Finance BV                7.50    5/15/2014   USD      2.20
WPE International Cooperati  10.38    9/30/2020   USD     14.88
Cooperatieve Rabobank UA      0.50   11/30/2027   MXN     37.36
Vnesheconombank               9.75    8/16/2029   RUB     60.00
EFG International Finance G   2.10    3/23/2018   EUR     10.16
Landes-Hypothekenbank Steie   0.02    9/26/2043   EUR     71.99
Bank Intesa AO                9.75   10/10/2019   RUB     60.00
Novo Banco SA                 3.00   12/16/2021   EUR     53.88
Lehman Brothers Treasury Co   5.55    3/12/2015   EUR      1.21
Bibby Offshore Services PLC   7.50    6/15/2021   GBP     60.50
Abengoa SA                    5.13     3/5/2017   USD      3.21
Immigon Portfolioabbau AG     7.00     3/6/2021   EUR     33.50
Hypo Tirol Bank AG            0.17    7/23/2026   EUR     66.87
Petromena ASA                10.85   11/19/2014   USD      0.55
Landesbank Hessen-Thueringe   0.12     5/3/2041   EUR     62.67
Hamburgische Landesbank-Gir   0.07    1/22/2041   EUR     61.83
World of Building Technolog   7.70    6/25/2019   RUB      1.45
Lehman Brothers Treasury Co   6.00    3/14/2011   EUR      9.25
Lehman Brothers Treasury Co   1.00     5/9/2012   EUR      1.21
Lehman Brothers Treasury Co   6.00   10/30/2012   EUR      1.21
CHC Helicopter SA             9.25   10/15/2020   USD     47.25
PagesJaunes Finance & Co SC   8.88     6/1/2018   EUR     62.00
Lehman Brothers Treasury Co   3.03    1/31/2015   EUR      1.21
Espirito Santo Financial Gr   5.05   11/15/2025   EUR      0.38
Heta Asset Resolution AG      0.45   12/31/2023   EUR     39.25
SAir Group                    6.25    4/12/2005   CHF     12.50
Phones4u Finance PLC          9.50     4/1/2018   GBP     66.00
Lehman Brothers Treasury Co   8.25    12/3/2015   EUR      9.25
Marine Subsea AS              9.00   12/16/2019   USD      0.50
UkrLandFarming PLC           10.88    3/26/2018   USD     29.88
SpareBank 1 SR-Bank ASA       4.00   12/21/2030   EUR     74.70
Republic of Italy Governmen   0.30    7/31/2035   EUR     74.57
Mechel PJSC                   8.00     2/9/2021   RUB     70.01
Marfin Investment Group Hol   7.00    7/29/2019   EUR      1.00
MT-Energie GmbH & Co KG       8.25     4/4/2017   EUR      8.41
State of Carinthia            0.77    7/20/2017   CHF      0.20
International Finance Facil   0.50    6/29/2027   ZAR     35.04
Lehman Brothers Treasury Co   7.00   11/26/2013   EUR      9.25
Lehman Brothers Treasury Co   1.46    2/19/2012   JPY      9.25
MegaFon PJSC                  9.90    5/29/2026   RUB     62.00
Oberoesterreichische Landes   0.30    4/25/2042   EUR     52.88
Lehman Brothers Treasury Co  11.00   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   4.50     5/2/2017   EUR      9.25
Lehman Brothers Treasury Co   4.00    12/2/2012   EUR      1.21
UBS AG/London                14.50    5/26/2017   CHF     67.50
Lehman Brothers Treasury Co   5.25    5/26/2026   EUR      1.21
Lehman Brothers Treasury Co   4.00   10/24/2012   EUR      1.21
AKB Peresvet ZAO              9.80     9/2/2020   RUB     25.35
Bank Nederlandse Gemeenten    0.50     8/9/2022   MXN     62.69
Barclays Bank PLC             0.50     2/6/2024   AUD     73.80
Solarwatt GmbH                7.00    11/1/2015   EUR     14.50
NIBC Bank NV                  3.01                USD     72.93
Societe Generale SA           0.53    6/28/2033   USD     72.10
State Transport Leasing Co    9.20     9/5/2031   RUB     60.10
Far East Capital Ltd SA       8.00     5/2/2018   USD     55.54
Lehman Brothers Treasury Co   5.00    2/27/2014   EUR      9.25
Abengoa SA                    6.25    1/17/2019   EUR      2.64
Landesbank Hessen-Thueringe   0.13    4/23/2041   EUR     65.56
Lehman Brothers Treasury Co   4.00    2/16/2017   EUR      9.25
AKB Peresvet ZAO             12.75    7/24/2018   RUB     33.10
Bulgaria Steel Finance BV    12.00     5/4/2013   EUR      2.46
Svensk Exportkredit AB        0.50    6/29/2029   AUD     58.94
Minaya Capital AG             7.00     8/1/2018   EUR     66.00
SG Issuer SA                  5.05    4/10/2025   EUR     55.56
Raiffeisen Centrobank AG      6.70    3/13/2017   EUR     59.86
Lehman Brothers Treasury Co  10.00     8/2/2037   JPY      1.21
Raiffeisen Versicherung AG    5.08                EUR     26.31
Aldesa Financial Services S   7.25     4/1/2021   EUR     67.75
Marfin Investment Group Hol   6.30    7/29/2020   EUR      0.85
Finans-Avia OOO               0.01    7/31/2027   RUB     18.90
Province of Milan Italy       0.07   12/22/2033   EUR     68.66
Kommunalbanken AS             0.50    5/27/2022   ZAR     61.99
LBI HF                        6.10    8/25/2011   USD     11.13
UniCredit Bank Austria AG     0.04    1/25/2031   EUR     68.52
UniCredit Bank AO             9.00     8/6/2019   RUB     60.00
Atari SA                      7.50    2/17/2020   EUR      0.33
Gazprombank JSC              10.90    2/19/2021   RUB     60.00
Lehman Brothers Treasury Co   7.60    5/21/2013   USD      1.21
Hamburgische Landesbank-Gir   0.07   10/30/2040   EUR     64.16
SAir Group                    0.13     7/7/2005   CHF     12.50
BNP Paribas SA                0.50    9/29/2029   AUD     54.78
Societe Generale SA           1.00   12/22/2017   GBP      1.00
Mechel PJSC                   8.00     2/9/2021   RUB     60.01
Muehl Product & Service AG    6.75    3/10/2005   DEM      2.41
Lehman Brothers Treasury Co   4.00    4/13/2011   CHF      1.21
Banca Nazionale del Lavoro    1.68    6/15/2037   EUR     74.76
wige MEDIA AG                 6.00    3/17/2019   EUR      2.33
Banco Comercial Portugues S   5.00                EUR     50.00
Salvator Grundbesitz-AG       9.50                EUR     21.00
HSBC Bank PLC                 0.50   10/30/2026   NZD     62.13
Finans-Avia OOO               8.25    7/31/2022   RUB     65.39
Lehman Brothers Treasury Co   5.00    5/12/2011   CHF      1.21
Svensk Exportkredit AB        0.50   12/17/2027   USD     74.22
Lloyds Bank PLC               3.00    7/26/2033   USD     69.65
Western High-Speed Diameter   9.15     2/6/2032   RUB     60.01
Metalloinvest Holding Co OA   0.01    3/10/2022   RUB     60.00
BNP Paribas SA                0.50     5/6/2021   MXN     70.90
Russian Post FGUP             2.75    12/6/2023   RUB     67.03
Landes-Hypothekenbank Steie   0.10     3/7/2043   EUR     72.99
Lehman Brothers Treasury Co  11.75     3/1/2010   EUR      1.21
SAir Group                    4.25     2/2/2007   CHF     12.50
Lehman Brothers Treasury Co   5.50     7/8/2013   EUR      1.21
Kaupthing ehf                 5.25    7/18/2017   BGN     17.63
Lehman Brothers Treasury Co   5.00     5/2/2022   EUR      1.21
Bayerische Landesbank         2.60    3/29/2018   EUR     70.28
SAir Group                    2.13    11/4/2004   CHF     12.50
Svensk Exportkredit AB        0.50    8/29/2029   AUD     58.39
Russian Railways JSC          6.40     6/8/2028   RUB     60.00
Nuova Banca Popolare dell'E   3.50    6/28/2018   EUR      0.78
Banco Espirito Santo SA       1.24    5/27/2018   EUR      0.49
Barclays Bank PLC             9.00    6/16/2017   USD
Miratorg-Finans OOO          11.00    8/24/2021   RUB     60.00
OOO SPV Structural Investme   0.01     9/1/2023   RUB     65.00
International Finance Facil   0.50    6/29/2020   ZAR     72.91
Atari SA                      0.10     4/1/2020   EUR      3.88
Johnston Press Bond Plc       8.63     6/1/2019   GBP     62.75
Lehman Brothers Treasury Co   8.00    3/19/2012   USD      1.21
Bank Nederlandse Gemeenten    0.50    6/22/2021   ZAR     66.63
Credit Agricole Corporate &   0.50     3/6/2023   RUB     62.13
Ekotechnika AG                9.75    5/10/2018   EUR      9.50
Western High-Speed Diameter   9.15     2/6/2032   RUB     60.01
Lehman Brothers Treasury Co   4.00    7/27/2011   EUR      1.21
UBS AG/London                 3.50    3/24/2017   EUR     74.23
Norddeutsche Landesbank Gir   3.00    7/16/2018   EUR     70.63
Ideal Standard Internationa  11.75     5/1/2018   EUR     11.88
Raiffeisenbank AO             0.01   10/29/2018   RUB     72.01
WGF Westfaelische Grundbesi   6.35     8/1/2017   EUR      3.63
Gazprom PJSC                  6.40   10/21/2043   RUB     60.06
Brighthouse Group PLC         7.88    5/15/2018   GBP     68.88
Lehman Brothers Treasury Co   6.00   10/24/2008   EUR      1.21
Barclays Bank PLC             2.24    8/15/2033   USD     62.08
Agrokompleks OOO              0.10    12/8/2022   RUB      1.00
Banca delle Marche SpA        6.00    6/12/2018   EUR      1.00
Abengoa Finance SA            7.00    4/15/2020   EUR      3.80
Western High-Speed Diameter   9.15     2/6/2032   RUB     57.02
Barclays Bank PLC             2.50     3/7/2017   EUR     49.71
Kamaz PJSC                   10.39    12/5/2030   RUB     60.01
Eiendomskreditt               4.48                NOK     58.60
Holdikks SAS                  6.75    7/15/2021   EUR     71.38
Mechel PJSC                  12.50    7/15/2021   RUB     72.00
Astana Finance BV             9.00   11/16/2011   USD     16.88
HSBC Bank PLC                 0.50   12/29/2026   AUD     62.09
Societe Generale SA          10.00    7/31/2018   USD     74.98
Argon Capital PLC for Royal   2.70                GBP     70.25
Immigon Portfolioabbau AG     3.51    4/12/2022   EUR     15.00
RGS Nedvizhimost OOO         12.50    6/21/2021   RUB     60.03
AKB Peresvet ZAO             13.50    6/23/2021   RUB     27.02
Lloyds Bank PLC               0.50    7/26/2021   BRL     62.22
HSBC Bank PLC                 0.50   12/22/2025   BRL     45.20
Steiermaerkische Bank und S   1.25                EUR     51.05
DekaBank Deutsche Girozentr   0.01    6/29/2046   EUR     55.17
Barclays Bank PLC             0.50    3/26/2021   MXN     67.84
Dolomite Capital Ltd         13.26   12/20/2019   ZAR     64.80
Vegarshei Sparebank           5.10                NOK     61.86
Oberoesterreichische Landes   0.32    11/6/2030   EUR     67.88
BNP Paribas SA                0.50    2/13/2024   NZD     72.04
Zapsibcombank PAO            14.85   12/12/2019   RUB     50.00
Lehman Brothers Treasury Co   7.50   10/24/2008   USD      1.21
Lehman Brothers Treasury Co   4.50     3/6/2013   CHF      1.21
Svensk Exportkredit AB        0.50    8/28/2020   TRY     65.29
Tonon Luxembourg SA           7.25    1/24/2020   USD     11.13
Lehman Brothers Treasury Co   6.00    9/20/2011   EUR      1.21
Russian Railways JSC          7.10   11/29/2028   RUB     60.00
Nuova Banca delle Marche Sp   7.75    6/30/2018   EUR      1.24
City of Kiev Ukraine Via CS   8.00    11/6/2015   USD     70.38
Lehman Brothers Treasury Co  11.00   12/19/2011   USD      1.21
Province of Brescia Italy     0.11   12/22/2036   EUR     63.31
Rosbank PJSC                  0.01    2/26/2024   RUB     70.00
Phosphorus Holdco PLC        10.00     4/1/2019   GBP      3.29
Russian Bank for Small and   14.00    3/17/2022   RUB     61.02
Russian Railways JSC         13.90    5/30/2040   RUB     65.00
Deutsche Bank AG/London       1.52     9/2/2036   JPY     68.15
Deutsche Bank AG/London       0.50    10/5/2021   IDR     60.00
Svensk Exportkredit AB        0.50    1/31/2022   ZAR     63.37
Afren PLC                    10.25     4/8/2019   USD      0.07
Metalloinvest Holding Co OA   0.01     3/7/2022   RUB     60.01
RGS Nedvizhimost OOO         13.50    1/19/2021   RUB     60.03
UniCredit Bank AO            12.00   11/20/2019   RUB     60.11
City of Siret Romania         2.24     3/1/2028   RON     51.00
Podkarpacki Bank Spoldzielc   5.81     7/2/2020   PLN     57.90
Nuova Banca Popolare dell'E   5.00   10/30/2023   EUR      0.78
Pierer Industrie AG           5.75                EUR     52.50
Cerruti Finance SA            6.50    7/26/2004   EUR      1.29
Evrofinansy-Nedvizhimost OO  11.00   10/23/2020   RUB     60.13
Bank Julius Baer & Co Ltd/G  23.00     8/4/2017   USD     74.20
Immigon Portfolioabbau AG     8.69    7/26/2025   EUR     15.00
Credit Europe Bank Ltd       11.00     4/6/2018   RUB     60.11
Bilt Paper BV                 9.64                USD     49.38
Orient Express Bank PJSC     11.70    7/17/2018   RUB     70.01
Alpha Bank AE                 2.50    6/20/2022   EUR     67.83
Alpha Bank AE                 2.50    6/20/2022   EUR     67.85
LBI HF                        7.43                USD      0.00
ECM Real Estate Investments   5.00    10/9/2011   EUR     10.38
Driver & Bengsch AG           8.50   12/31/2027   EUR      0.00
UBS AG                       11.75   12/22/2017   EUR     44.59
Delta-Finance OOO            10.00    1/19/2021   RUB
Lillestroem Sparebank         4.63                NOK     52.19
Societe Generale SA           0.50    5/30/2023   MXN     57.56
HSBC Bank PLC                 0.50    6/10/2021   BRL     66.99
Immigon Portfolioabbau AG     8.69    7/26/2020   EUR     15.00
Pravourmiyskoe OOO            9.00   12/26/2019   RUB     60.01
Barclays Bank PLC             0.50    3/13/2023   RUB     62.14
Lehman Brothers Treasury Co   7.00   10/22/2010   EUR      1.21
Lehman Brothers Treasury Co   8.00    3/21/2018   USD      1.21
Nutritek International Corp   8.75   12/11/2008   USD      2.00
Realwerte GmBh & Co KG        1.20                EUR     42.86
UniCredit Bank AO             9.00    5/17/2019   RUB     60.03
Mriya Agro Holding PLC       10.95    3/30/2016   USD      4.95
Dresdner Bank AG              0.38   11/19/2029   EUR     65.38
SG Issuer SA                  0.78    6/15/2020   SEK     70.92
Northland Resources AB       12.25    3/26/2016   USD      0.44
Russian Railways JSC          7.10    4/29/2043   RUB     60.00
Lehman Brothers Treasury Co  23.30    9/16/2008   USD      1.21
BAWAG PSK Versicherungs AG    1.06                EUR     46.49
Kaupthing ehf                 9.75    9/10/2015   USD     17.63
Lehman Brothers Treasury Co   8.00    2/16/2016   EUR      1.21
Rinol AG                      5.50   10/15/2006   DEM      0.00
Lehman Brothers Treasury Co   3.50   12/20/2027   USD      1.21
BLT Finance BV                7.50    5/15/2014   USD      2.20
Credit Suisse AG/London       9.50   11/15/2019   USD      5.23
Stroytemp CJSC                9.00   11/13/2019   RUB      0.01
Russian Railways JSC          7.40    9/20/2039   RUB     60.00
Mortgage Agent AHML 10-1      9.00   11/20/2042   RUB     60.01
Province of Rovigo Italy      0.06   12/28/2035   EUR     65.05
Province of Brescia Italy     0.14    6/30/2036   EUR     64.27
Indre Sogn Sparebank          5.98                NOK     62.02
ENEL RUSSIA PJSC             12.10    5/22/2025   RUB     60.00
SAir Group                    5.13     3/1/2003   CHF     13.00
Podkarpacki Bank Spoldzielc   4.99    10/6/2021   PLN     54.00
Elli Investments Ltd         12.25    6/15/2020   GBP     45.13
Bank Julius Baer & Co Ltd/G  14.40    11/2/2017   CHF     66.95
Union Technologies Informat   0.10     1/1/2020   EUR
Lehman Brothers Treasury Co   8.80   12/27/2009   EUR      1.21
Gold-Zack AG                  7.00   12/14/2005   EUR     12.56
UniCredit Bank AG             4.00    3/21/2017   EUR     65.17
Notenstein Finance Guernsey   1.00    9/17/2019   CHF     62.98
Promnefteservis OOO          10.50   11/21/2019   RUB      1.05
Bayerische Landesbank         2.40    7/20/2018   EUR     72.05
Lehman Brothers Treasury Co   5.00   10/24/2008   CHF      1.21
Lehman Brothers Treasury Co   1.75     2/7/2010   EUR      1.21
Russian Railways JSC          8.20    8/18/2033   RUB     60.00
KPNQwest NV                   7.13     6/1/2009   EUR      0.06
Lehman Brothers Treasury Co   6.00    2/19/2023   USD      1.21
Lehman Brothers Treasury Co   8.88    1/28/2011   HKD      9.63
UniCredit Bank Austria AG     0.20    1/22/2031   EUR     70.19
City of Hunedoara Romania     1.43    8/15/2026   RON     70.10
Lehman Brothers Treasury Co   9.75    6/22/2018   USD      1.21
Lehman Brothers Treasury Co   0.50     7/2/2020   EUR      1.21
UBS AG                        4.75   12/22/2017   EUR     57.75
Biomed-Lublin Wytwornia Sur   7.29    8/14/2018   PLN     75.00
Lehman Brothers Treasury Co   7.50    7/31/2013   GBP      1.21
Svensk Exportkredit AB        0.10   11/20/2019   TRY     70.54
City of Predeal Romania       1.50    5/15/2026   RON     60.00
Enemona AD-Kozloduy          10.00    4/28/2017   BGN      0.06
Lehman Brothers Treasury Co   5.00    2/28/2032   EUR      1.21
City of Moscow Russia         7.50    5/18/2021   RUB     60.00
Municipiul Timisoara          0.64    5/15/2026   RON     64.20
SAir Group                    5.50    7/23/2003   CHF     12.50
ECA                           2.50     1/1/2018   EUR     11.21
Agrokompleks OOO              0.10    7/29/2019   RUB      2.71
Drangedal Sparebank           2.36                NOK     65.99
Lehman Brothers Treasury Co  16.20    5/14/2009   USD      1.21
International Industrial Ba   9.00     7/6/2011   EUR      0.49
Cattles Ltd                   7.13     7/5/2017   GBP      1.05
SAir Group                    2.75    7/30/2004   CHF     12.50
Norddeutsche Landesbank Gir   3.00   10/30/2018   EUR     67.06
Credit Suisse AG/London       0.50     1/8/2026   BRL     40.23
Bayerische Landesbank         2.70    7/13/2018   EUR     71.64
Lehman Brothers Treasury Co   8.60    7/31/2013   GBP      1.21
Lehman Brothers Treasury Co   3.86    9/21/2011   SGD      9.63
Lehman Brothers Treasury Co   7.38    9/20/2008   EUR      1.21
Sidetur Finance BV           10.00    4/20/2016   USD      5.25
Credit Suisse AG              0.50   12/16/2025   BRL     41.39
Societe Generale SA           0.50    7/31/2020   MXN     74.66
Lehman Brothers Treasury Co   2.00    6/28/2011   EUR      1.21
Leonteq Securities AG        16.40     2/6/2017   CHF     36.56
Raiffeisen Centrobank AG      9.50    7/13/2017   EUR     66.11
UBS AG/London                 5.75     6/6/2017   CHF     74.70
Russian Railways JSC          6.80    5/20/2044   RUB     65.00
Lehman Brothers Treasury Co   7.32    7/31/2013   GBP      1.21
Lehman Brothers Treasury Co   1.28    11/6/2010   JPY      9.25
Hypocredit AD                 7.50   12/18/2017   EUR     40.00
Fonciere Volta SA             4.50    7/30/2020   EUR      2.61
Lehman Brothers Treasury Co   7.50     5/2/2017   EUR      1.21
Barclays Bank PLC             0.50    1/28/2033   MXN     20.50
HSBC Bank PLC                 0.50    5/29/2020   IDR     73.16
Reserve Trust Co CJSC        11.00     1/4/2027   RUB      0.01
Metalloinvest Holding Co OA   0.01     3/7/2022   RUB     65.00
Strommen Sparebank            2.36                NOK     37.91
Lehman Brothers Treasury Co   4.00     1/4/2011   USD      1.21
Astana Finance BV             7.88     6/8/2010   EUR     16.88
DekaBank Deutsche Girozentr   3.00     5/4/2018   EUR     66.43
Landesbank Baden-Wuerttembe   4.20    6/23/2017   EUR     59.84
SAir Group                    2.75    7/30/2004   CHF     12.50
RGS Nedvizhimost OOO         12.50    7/22/2021   RUB     60.03
Vontobel Financial Products   5.00    2/13/2017   EUR     62.19
Vnesheconombank               2.00    6/18/2021   RUB     72.35
Lehman Brothers Treasury Co   7.25    10/6/2008   EUR      1.21
Lehman Brothers Treasury Co   4.60     7/6/2016   EUR      1.21
Main Road OJSC                5.40   11/22/2028   RUB     63.23
Svensk Exportkredit AB        0.50    3/15/2022   ZAR     61.33
Windreich GmbH                6.25     3/1/2015   EUR     10.88
UBS AG/London                 8.00    7/10/2017   CHF     72.65
Vnesheconombank              11.50    8/20/2020   RUB     60.51
Municipality Finance PLC      0.50    6/19/2024   ZAR     50.16
Russian Railways JSC          6.40    2/28/2040   RUB     65.00
Bayerische Landesbank         2.70     7/6/2018   EUR     68.16
UBS AG/London                12.50     1/3/2017   CHF     36.15
Lehman Brothers Treasury Co   4.00    8/11/2010   USD      9.25
Municipiul Timisoara          0.64    5/12/2026   RON     75.00
Lehman Brothers Treasury Co   4.60   10/11/2017   ILS      9.25
Landesbank Hessen-Thueringe   5.00   10/17/2017   EUR     67.07
Credit Suisse AG/London       8.95     6/6/2017   USD     71.08
Bayerische Landesbank         2.70    7/20/2018   EUR     71.86
UBS AG/London                 7.00     7/3/2017   CHF     67.95
LZMO SA                       8.50    6/30/2017   PLN     25.00
Leonteq Securities AG/Guern  29.61   10/26/2017   EUR     22.00
Lehman Brothers Treasury Co   8.28    7/31/2013   GBP      1.21
HSH Nordbank AG               7.25                USD     23.02
Immigon Portfolioabbau AG     1.31    7/29/2018   EUR      2.00
Lehman Brothers Treasury Co   4.25    3/13/2021   EUR      1.21
Lehman Brothers Treasury Co   2.50   12/15/2011   GBP      1.21
OT-Optima Telekom DD          5.25    5/30/2022   HRK     65.00
Lehman Brothers Treasury Co  14.90    9/15/2008   EUR      1.21
Lehman Brothers Treasury Co   5.25   11/21/2009   USD      1.21
Zapsibcombank PAO             5.00     9/4/2017   RUB     60.00
Novo Banco SA                 5.00    4/23/2019   EUR     68.09
URALSIB Leasing Co OOO       10.50    4/17/2018   RUB      0.01
Windreich GmbH                6.75     3/1/2015   EUR     10.88
BANIF - Banco Internacional   4.50    1/30/2025   EUR     65.25
Bayerische Landesbank         2.70     7/6/2018   EUR     67.31
Credit Suisse AG/Nassau       4.25    4/24/2017   CHF     73.51
Emova Group                   4.30     5/2/2022   EUR      4.72
Lehman Brothers Treasury Co  10.44   11/22/2008   CHF      1.21
Lehman Brothers Treasury Co  13.50   11/28/2008   USD      1.21
COFIDUR SA                    0.10   12/31/2024   EUR     19.00
Bank Julius Baer & Co Ltd/G  10.90    7/26/2017   CHF     62.80
EFG International Finance G   6.48    5/29/2018   EUR     10.35
HSBC Bank PLC                 0.50    7/21/2021   BRL     66.11
Bank Julius Baer & Co Ltd/G   9.40     2/9/2017   CHF     29.05
DekaBank Deutsche Girozentr   0.12    6/23/2034   EUR     72.55
Bayerische Landesbank         3.20    7/27/2018   EUR     69.15
Bayerische Landesbank         2.70    7/27/2018   EUR     72.65
Bayerische Landesbank         2.90    6/22/2018   EUR     71.09
Bayerische Landesbank         2.70    6/22/2018   EUR     73.06
Societe Generale SA           0.50     7/6/2021   BRL     63.85
Lehman Brothers Treasury Co   6.50    5/16/2015   EUR      1.21
Lehman Brothers Treasury Co   2.00    6/21/2011   EUR      1.21
Lehman Brothers Treasury Co   6.00    5/12/2017   EUR      1.21
Nuova Banca delle Marche Sp   8.00    6/30/2018   EUR      1.24
Russian Railways JSC          6.40    9/19/2033   RUB     60.00
EDOB Abwicklungs AG           7.50     4/1/2012   EUR      0.25
Credit Suisse AG/London       7.80    7/16/2025   USD      9.22
Bayerische Landesbank         2.60    8/24/2018   EUR     69.86
Bayerische Landesbank         3.00    10/5/2018   EUR     75.00
Leonteq Securities AG/Guern   4.40    8/28/2017   CHF     60.92
Lehman Brothers Treasury Co  10.00    6/17/2009   USD      1.21
Lehman Brothers Treasury Co   8.00   10/17/2014   EUR      1.21
Lehman Brothers Treasury Co   6.30   12/21/2018   USD      1.21
Kaupthing ehf                 7.63    2/28/2015   USD     17.63
KPNQwest NV                   8.88     2/1/2008   EUR      0.06
Lehman Brothers Treasury Co  15.00     6/4/2009   CHF      1.21
Lehman Brothers Treasury Co   0.25   10/19/2012   CHF      1.21
BNP Paribas Emissions- und   27.00    3/23/2017   EUR     73.51
Immigon Portfolioabbau AG     5.05     8/5/2030   EUR     72.38
Kommunekredit                 0.50   12/14/2020   ZAR     71.17
Oravita City Council          1.97    6/15/2027   RON     75.00
Russian Railways JSC          7.40   10/11/2038   RUB     60.00
Societe Generale SA           0.50    6/12/2023   RUB     60.75
Municipiul Timisoara          0.64    5/15/2026   RON     60.87
BNP Paribas SA                0.50    7/20/2021   BRL     62.78
Societe Generale SA           0.50    5/22/2024   MXN     52.04
AKB Derzhava OJSC            11.50    7/10/2023   RUB     60.01
HSBC Bank PLC                 0.50    4/11/2023   MXN     58.35
Societe Generale SA           0.50     4/3/2023   RUB     61.89
UBS AG/London                11.00    2/24/2017   CHF     47.35
Exane Finance                 5.00   12/20/2019   SEK     64.40
Credit Suisse AG/Nassau       7.90    2/27/2017   CHF     70.82
Bank Julius Baer & Co Ltd/G   6.50     3/6/2017   CHF     72.95
Commerzbank AG                8.00    7/14/2021   USD
Lehman Brothers Treasury Co   5.00   11/22/2012   EUR      1.21
Lehman Brothers Treasury Co   6.25     9/5/2011   EUR      1.21
LBI HF                        7.43                USD      0.00
Lehman Brothers Treasury Co   4.00    3/10/2011   EUR      1.21
Lehman Brothers Treasury Co   7.15    3/21/2013   USD      1.21
LBI HF                        8.65     5/1/2011   ISK      6.63
Nuova Banca Popolare dell'E   2.19    5/21/2018   EUR      0.81
Lehman Brothers Treasury Co   4.87    10/8/2013   USD      1.21
Lehman Brothers Treasury Co   6.00     8/7/2013   EUR      1.21
Lehman Brothers Treasury Co   7.39     5/4/2017   USD      1.21
Lehman Brothers Treasury Co   4.10    6/10/2014   SGD      9.63
UBS AG                        5.25   12/22/2017   EUR     64.29
Credit Suisse AG/London       8.20   10/22/2025   USD      9.32
EFG International Finance G   7.00   11/27/2019   EUR     29.14
Bank Julius Baer & Co Ltd/G  12.15    11/8/2017   CHF     67.95
Lehman Brothers Treasury Co   3.40    3/19/2018   JPY      1.21
Bank Nederlandse Gemeenten    0.50    5/12/2021   ZAR     68.29
Raiffeisen-Landesbank Tirol   2.50     9/2/2024   EUR     72.55
Nuova Banca delle Marche Sp   7.20    6/30/2018   EUR      1.24
Kreditanstalt fuer Wiederau   0.25    10/6/2036   CAD     40.65
Lehman Brothers Treasury Co   8.25     2/3/2016   EUR      1.21
Kaupthing ehf                 7.50     2/1/2045   USD      0.00
Lehman Brothers Treasury Co   7.00    4/14/2009   EUR      1.21
HSBC Bank PLC                 0.50   11/25/2025   BRL     45.49
Kommunalbanken AS             0.50   12/16/2020   TRY     68.86
Barclays Bank PLC             0.79    5/10/2028   USD     65.32
Lehman Brothers Treasury Co   4.82   12/18/2036   EUR      1.21
Banca delle Marche SpA        6.00     5/8/2018   EUR      1.00
Northland Resources AB       15.00    7/15/2019   USD      0.44
Oi Brasil Holdings Cooperat   5.63    6/22/2021   EUR     31.52
UBS AG/London                15.50   11/30/2017   CHF     72.25
Leonteq Securities AG        11.00     1/9/2017   EUR     64.85
HSBC Bank PLC                 0.50    12/8/2026   AUD     67.01
Credit Suisse AG/London       7.80    7/31/2020   USD      9.33
BNP Paribas SA                0.50   11/16/2032   MXN     28.92
Russian Railways JSC         13.90    2/28/2040   RUB     65.00
Leonteq Securities AG         3.50    4/10/2018   EUR     57.85
Rosselkhozbank JSC           12.87   12/21/2021   RUB     65.00
Kaupthing ehf                 3.75    2/15/2024   ISK     17.63
UniCredit Bank Austria AG     0.08    1/24/2031   EUR     68.96
Lehman Brothers Treasury Co   5.00    8/16/2017   EUR     10.00
SG Issuer SA                  6.65   10/10/2021   EUR     63.80
Leonteq Securities AG        10.00     2/6/2017   CHF     63.16
UBS AG/London                11.00    1/27/2017   CHF     29.40
Landesbank Baden-Wuerttembe   3.90    9/22/2017   EUR     40.48
Zurcher Kantonalbank Financ  13.04    4/13/2017   CHF     52.60
Mortgage Agent First St Pet   8.50    7/15/2041   RUB     59.30
Municipality Finance PLC      0.50   11/25/2020   ZAR     69.59
Main Road OJSC                5.40   10/30/2028   RUB     56.01
Bank Julius Baer & Co Ltd/G  10.25    5/17/2017   CHF     54.90
Landeskreditbank Baden-Wuer   0.50    5/10/2027   CAD     74.98
Lehman Brothers Treasury Co   5.00    3/18/2015   EUR      9.25
Lehman Brothers Treasury Co   8.50     7/6/2009   CHF      1.21
Lehman Brothers Treasury Co   4.35     8/8/2016   SGD      9.63
Kaupthing ehf                 5.00     1/4/2027   SKK     17.63
Center-Invest Commercial Ba   8.70   11/13/2018   RUB     60.01
Bank Julius Baer & Co Ltd/G  11.30     6/7/2017   CHF     59.25
EFG International Finance G   6.00   11/30/2017   EUR      8.99
Cooperatieve Rabobank UA      0.50   12/29/2027   MXN     37.24
Zurcher Kantonalbank Financ  12.10     9/6/2017   CHF     66.93
Barclays Bank PLC             1.61    7/24/2028   USD     73.21
Cooperatieve Rabobank UA      0.50    8/21/2028   MXN     34.85
Vnesheconombank               8.35   11/24/2020   RUB     60.01
Barclays Bank PLC             0.50    4/24/2023   MXN     53.58
Barclays Bank PLC             0.50    3/19/2021   MXN     67.87
HSBC Bank PLC                 5.05    5/15/2025   MXN     74.18
Deutsche Bank AG/London       1.20    8/22/2031   JPY     73.04
HSBC Bank PLC                 0.50    1/29/2027   NZD     61.12
HSBC Bank PLC                 0.50    2/24/2027   NZD     61.16
Svensk Exportkredit AB        0.50    2/22/2022   ZAR     62.02
UBS AG/London                 9.50     9/4/2017   CHF     21.25
Goldman Sachs & Co Wertpapi  11.00   12/20/2017   EUR     71.34
Bank Julius Baer & Co Ltd/G  11.60     1/5/2017   CHF     23.50
ECM Real Estate Investments   5.00    10/9/2011   EUR     10.38
Lehman Brothers Treasury Co   6.75     4/5/2012   EUR      1.21
Landesbank Hessen-Thueringe   4.50   11/28/2017   EUR     67.26
UBS AG                       11.75   12/22/2017   EUR     48.16
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     72.12
BNP Paribas Emissions- und   19.00   12/21/2017   EUR     74.24
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     53.27
BNP Paribas Emissions- und   19.00    3/23/2017   EUR     72.91
BNP Paribas Emissions- und   22.00   12/21/2017   EUR     64.95
BNP Paribas Emissions- und   15.00   12/21/2017   EUR     67.59
BNP Paribas Emissions- und   25.00   12/21/2017   EUR     65.58
Societe Generale Effekten G   9.62    6/23/2017   EUR     55.95
UBS AG/London                 7.50    2/10/2017   EUR     73.34
HSBC Trinkaus & Burkhardt A   7.10    3/24/2017   EUR     64.12
Polski Bank Spoldzielczy w    4.81    6/18/2020   PLN     36.01
Center-Invest Commercial Ba  10.00    5/22/2019   RUB     60.11
Lehman Brothers Treasury Co   5.10    6/22/2046   EUR      1.21
Totens Sparebank              2.75                NOK     69.84
City of Alba Iulia Romania    1.50    4/15/2025   RON     68.30
City of Hunedoara Romania     1.43    8/15/2026   RON     70.30
UBS AG/London                 8.40    8/11/2017   EUR     75.00
HSBC Trinkaus & Burkhardt A   5.50    1/31/2017   EUR     69.57
Commerzbank AG                8.75    6/22/2017   EUR     73.09
Commerzbank AG               12.25    6/22/2017   EUR     68.26
Commerzbank AG               16.00    6/22/2017   EUR     64.32
Commerzbank AG               13.75    2/23/2017   EUR     74.03
UBS AG/London                 9.50   12/22/2017   EUR     62.87
UBS AG/London                 5.75   12/22/2017   EUR     72.17
UBS AG/London                 5.00   12/22/2017   EUR     62.68
UBS AG/London                 6.25   12/22/2017   EUR     70.55
UniCredit Bank AG             4.25    9/12/2017   EUR     59.14
Notenstein La Roche Private   5.00    8/29/2018   CHF     65.12
Notenstein La Roche Private   5.00     9/5/2018   CHF     67.62
DZ Bank AG Deutsche Zentral   5.60    3/30/2017   EUR     37.58
DekaBank Deutsche Girozentr   3.05    2/25/2019   EUR     73.82
Vontobel Financial Products   5.35     3/3/2017   EUR     59.66
Vontobel Financial Products   5.40     3/3/2017   EUR     69.72
EFG International Finance G   8.99     9/4/2017   EUR     15.85
Landesbank Hessen-Thueringe   4.00     4/8/2019   EUR     65.03
Leonteq Securities AG         5.25    3/19/2018   CHF     72.96
Notenstein La Roche Private   6.50    3/13/2017   EUR     51.92
UniCredit Bank AG             4.60     7/2/2018   EUR     62.29
Raiffeisen Centrobank AG      6.88    3/30/2017   EUR     61.61
Notenstein La Roche Private   5.00    3/20/2017   CHF     74.83
Leonteq Securities AG         7.00    9/20/2017   CHF     65.50
Commerzbank AG                7.20     3/9/2017   EUR     74.62
Credit Suisse AG/Nassau       5.00    3/27/2017   CHF     73.15
DekaBank Deutsche Girozentr   3.75    3/10/2017   EUR     48.42
UBS AG/London                 5.00    3/20/2017   CHF     74.90
DekaBank Deutsche Girozentr   3.15     2/3/2017   EUR     58.14
Bayerische Landesbank         2.60   10/19/2018   EUR     65.83
Notenstein La Roche Private   4.50    3/27/2018   EUR     58.59
Notenstein La Roche Private   5.50    3/27/2017   CHF     74.72
Notenstein La Roche Private   5.00    3/27/2019   CHF     73.35
Landesbank Hessen-Thueringe   5.00    4/24/2019   EUR     62.04
Landesbank Hessen-Thueringe   6.20    7/24/2020   EUR     73.41
DekaBank Deutsche Girozentr   2.70    3/16/2018   EUR     69.69
UBS AG/London                 5.50    3/27/2017   CHF     74.15
Landesbank Hessen-Thueringe   4.00    4/30/2019   EUR     71.38
Leonteq Securities AG         3.00    10/2/2017   CHF     74.23
Notenstein La Roche Private   4.80   10/24/2018   CHF     74.97
Notenstein La Roche Private   4.20    4/10/2018   EUR     61.36
Notenstein Finance Guernsey   9.00     4/1/2019   EUR     35.91
DekaBank Deutsche Girozentr   2.50    3/31/2017   EUR     68.69
Notenstein La Roche Private   5.70    4/20/2017   CHF     73.49
Notenstein La Roche Private   4.80    4/20/2017   CHF     72.12
Zurcher Kantonalbank Financ   6.50    4/10/2018   CHF     63.10
UBS AG/London                 6.25    4/18/2017   CHF     73.00
Leonteq Securities AG         5.60    4/24/2017   CHF     73.29
Leonteq Securities AG         7.20    4/24/2017   EUR     59.99
Notenstein La Roche Private   6.50     7/2/2018   USD     60.91
UBS AG                        9.00     7/3/2017   CHF     66.90
EFG International Finance G   5.00    8/15/2017   CHF     66.64
Leonteq Securities AG        20.00   10/25/2017   CHF     67.38
Leonteq Securities AG        17.00    8/17/2017   CHF     72.83
HSBC Trinkaus & Burkhardt A   4.00    6/16/2017   EUR     65.52
Vontobel Financial Products   4.00    11/9/2017   EUR     67.67
HSBC Trinkaus & Burkhardt A   9.20    6/23/2017   EUR     72.48
HSBC Trinkaus & Burkhardt A  10.40    1/27/2017   EUR     69.68
HSBC Trinkaus & Burkhardt A  17.00    1/27/2017   EUR     41.55
Goldman Sachs & Co Wertpapi  15.00    1/25/2017   EUR     71.63
Goldman Sachs & Co Wertpapi  19.00    1/25/2017   EUR     67.17
Goldman Sachs & Co Wertpapi  17.00    1/25/2017   EUR     74.72
Goldman Sachs & Co Wertpapi  15.00    1/25/2017   EUR     66.99
Goldman Sachs & Co Wertpapi  19.00    1/25/2017   EUR     61.74
Goldman Sachs & Co Wertpapi  10.00   12/20/2017   EUR     74.54
Goldman Sachs & Co Wertpapi  12.00   12/20/2017   EUR     71.75
Goldman Sachs & Co Wertpapi  19.00    1/25/2017   EUR     71.88
Goldman Sachs & Co Wertpapi  10.00    1/25/2017   EUR     72.48
Goldman Sachs & Co Wertpapi  14.00    1/25/2017   EUR     64.74
Goldman Sachs & Co Wertpapi  18.00    1/25/2017   EUR     60.59
Goldman Sachs & Co Wertpapi   8.00   12/20/2017   EUR     74.53
Goldman Sachs & Co Wertpapi  10.00   12/20/2017   EUR     72.33
Goldman Sachs & Co Wertpapi  11.00   12/20/2017   EUR     69.48
Leonteq Securities AG         8.80    6/21/2017   CHF     72.47
Natixis Structured Issuance  11.70    12/8/2023   EUR     70.00
Notenstein La Roche Private   9.68    6/15/2017   CHF     70.10
Credit Suisse AG/Nassau       7.13    6/26/2017   CHF     68.52
UBS AG/London                 9.75    3/24/2017   EUR     56.86
UBS AG/London                 7.00    3/24/2017   EUR     62.27
Goldman Sachs & Co Wertpapi  18.00    3/22/2017   EUR     69.89
Goldman Sachs & Co Wertpapi  19.00    1/25/2017   EUR     67.51
Goldman Sachs & Co Wertpapi  14.00    3/22/2017   EUR     74.67
Goldman Sachs & Co Wertpapi  17.00    3/22/2017   EUR     69.95
Goldman Sachs & Co Wertpapi  15.00    6/21/2017   EUR     72.97
Goldman Sachs & Co Wertpapi  13.00    9/20/2017   EUR     74.63
Goldman Sachs & Co Wertpapi  22.00    1/25/2017   EUR     73.88
Notenstein La Roche Private   6.00    7/11/2017   CHF     71.55
Credit Suisse AG/Nassau       7.25    7/13/2017   CHF     68.98
Vontobel Financial Products  12.50    3/24/2017   EUR     74.20
DZ Bank AG Deutsche Zentral   5.00    1/27/2017   EUR     71.62
DZ Bank AG Deutsche Zentral   9.50    1/27/2017   EUR     71.59
DZ Bank AG Deutsche Zentral   7.50    6/23/2017   EUR     73.98
UBS AG/London                11.70    4/18/2017   EUR     63.42
Bank Julius Baer & Co Ltd/G   9.00    1/19/2017   CHF     73.75
HSBC Trinkaus & Burkhardt A  20.50    3/24/2017   EUR     74.76
Goldman Sachs & Co Wertpapi  17.00    1/25/2017   EUR     73.64
Goldman Sachs & Co Wertpapi  22.00    1/25/2017   EUR     67.42
Goldman Sachs & Co Wertpapi  20.00    2/22/2017   EUR     68.85
Goldman Sachs & Co Wertpapi  17.00    6/21/2017   EUR     73.60
Goldman Sachs & Co Wertpapi  15.00    2/22/2017   EUR     73.85
Goldman Sachs & Co Wertpapi  19.00    2/22/2017   EUR     68.94
Goldman Sachs & Co Wertpapi  21.00    1/25/2017   EUR     69.72
Goldman Sachs & Co Wertpapi  16.00    6/21/2017   EUR     74.82
Goldman Sachs & Co Wertpapi  20.00    2/22/2017   EUR     71.21
Commerzbank AG                4.00    7/19/2017   EUR     59.13
UBS AG/London                 7.00   12/22/2017   EUR     73.65
UBS AG/London                 7.00   12/22/2017   EUR     67.40
UBS AG/London                 4.00   12/22/2017   EUR     66.12
UBS AG/London                 9.00   12/22/2017   EUR     62.29
UBS AG/London                 7.75   12/22/2017   EUR     41.99
Notenstein La Roche Private   5.04    8/28/2017   CHF     67.87
Leonteq Securities AG/Guern   4.68    8/29/2017   CHF     69.45
Leonteq Securities AG/Guern   5.99    9/11/2017   EUR     44.79
UniCredit Bank AG             4.00   10/14/2019   EUR     52.96
DekaBank Deutsche Girozentr   3.00    6/12/2018   EUR     68.05
Lehman Brothers Treasury Co  12.40    6/12/2009   USD      1.21
Lehman Brothers Treasury Co   0.50     6/2/2020   EUR      1.21
Lehman Brothers Treasury Co  11.00     7/4/2011   USD      1.21
Lehman Brothers Treasury Co  11.00     7/4/2011   CHF      1.21
Kaupthing ehf                 7.50    12/5/2014   ISK     17.63
Lehman Brothers Treasury Co  16.00   12/26/2008   USD      1.21
Lehman Brothers Treasury Co   2.50    8/15/2012   CHF      1.21
Lehman Brothers Treasury Co  13.15   10/30/2008   USD      1.21
Lehman Brothers Treasury Co   0.50     8/1/2020   EUR      1.21
Lehman Brothers Treasury Co  16.80    8/21/2009   USD      1.21
Lehman Brothers Treasury Co  14.10   11/12/2008   USD      1.21
Lehman Brothers Treasury Co   5.25     7/8/2014   EUR      1.21
Lehman Brothers Treasury Co   2.30     6/6/2013   USD      1.21
Lehman Brothers Treasury Co   7.50    5/30/2010   AUD      1.21
Lehman Brothers Treasury Co  11.00     5/9/2020   USD      1.21
Lehman Brothers Treasury Co   4.30     6/4/2012   USD      1.21
Lehman Brothers Treasury Co   4.00     6/5/2011   USD      1.21
Lehman Brothers Treasury Co  13.00    7/25/2012   EUR      1.21
Lehman Brothers Treasury Co   3.00    8/13/2011   EUR      1.21
Lehman Brothers Treasury Co  18.25    10/2/2008   USD      1.21
Lehman Brothers Treasury Co   3.40    9/21/2009   HKD      1.21
Lehman Brothers Treasury Co   1.50   10/12/2010   EUR      1.21
Lehman Brothers Treasury Co   2.50    8/23/2012   GBP      1.21
Lehman Brothers Treasury Co   8.00   10/23/2008   USD      1.21
KPNQwest NV                   7.13     6/1/2009   EUR      0.06
Lehman Brothers Treasury Co   4.60    11/9/2011   EUR      9.25
Lehman Brothers Treasury Co   6.72   12/29/2008   EUR      1.21
Lehman Brothers Treasury Co   7.06   12/29/2008   EUR      1.21
Lehman Brothers Treasury Co   7.63    7/22/2011   HKD      1.21
Lehman Brothers Treasury Co   6.25   11/30/2012   EUR      1.21
Lehman Brothers Treasury Co   1.00    2/26/2010   USD      1.21
Lehman Brothers Treasury Co   7.05     4/8/2015   USD      1.21
Lehman Brothers Treasury Co   7.80    3/31/2018   USD      1.21
Lehman Brothers Treasury Co   3.50    6/20/2011   EUR      1.21
LBI HF                        5.08     3/1/2013   ISK      6.63
Lehman Brothers Treasury Co   7.60    1/31/2013   AUD      1.21
Lehman Brothers Treasury Co   6.45    2/20/2010   AUD      1.21
Lehman Brothers Treasury Co   6.60    5/23/2012   AUD      1.21
Lehman Brothers Treasury Co   3.45    5/23/2013   USD      1.21
Lehman Brothers Treasury Co   5.50    4/23/2014   EUR      1.21
Lehman Brothers Treasury Co   5.00    2/15/2018   EUR      1.21
Lehman Brothers Treasury Co   9.00     5/6/2011   CHF      1.21
Lehman Brothers Treasury Co  10.60    4/22/2014   MXN      1.21
Lehman Brothers Treasury Co   2.50    11/9/2011   CHF      1.21
Lehman Brothers Treasury Co   6.00   10/30/2012   USD      1.21
Lehman Brothers Treasury Co  16.00    10/8/2008   CHF      1.21
Lehman Brothers Treasury Co   3.00    12/3/2012   EUR      1.21
Lehman Brothers Treasury Co  11.00   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   8.00   12/31/2010   USD      1.21
Lehman Brothers Treasury Co   8.05   12/20/2010   HKD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   USD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   USD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   USD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   USD      1.21
Lehman Brothers Treasury Co   5.38     2/4/2014   USD      1.21
Lehman Brothers Treasury Co  13.00    2/16/2009   CHF      1.21
Lehman Brothers Treasury Co   7.00    2/15/2010   CHF      1.21
Lehman Brothers Treasury Co   4.00    7/20/2012   EUR      1.21
Lehman Brothers Treasury Co   4.00   10/12/2010   USD      1.21
Lehman Brothers Treasury Co   6.60     2/9/2009   EUR      1.21
Lehman Brothers Treasury Co   9.50     4/1/2018   USD      1.21
Lehman Brothers Treasury Co   6.00     3/4/2015   USD      1.21
Immigon Portfolioabbau AG     7.00    7/24/2022   EUR     35.00
Kaupthing ehf                 7.00    7/24/2009   ISK     17.63
Lehman Brothers Treasury Co   4.05    9/16/2008   EUR      1.21
Lehman Brothers Treasury Co   7.50    2/14/2010   AUD      1.21
Lehman Brothers Treasury Co   5.50    6/22/2010   USD      9.25
Lehman Brothers Treasury Co  10.00   10/23/2008   USD      1.21
Lehman Brothers Treasury Co  10.00   10/22/2008   USD      1.21
Lehman Brothers Treasury Co  16.00   10/28/2008   USD      1.21
Lehman Brothers Treasury Co   5.00    3/13/2009   EUR      1.21
Lehman Brothers Treasury Co   4.80   11/16/2012   HKD      1.21
Lehman Brothers Treasury Co   5.50   11/30/2012   CZK      1.21
Lehman Brothers Treasury Co  14.90   11/16/2010   EUR      1.21
Lehman Brothers Treasury Co  11.00   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   0.50   12/20/2017   AUD      9.63
Lehman Brothers Treasury Co   0.50   12/20/2017   AUD      1.21
Lehman Brothers Treasury Co   9.30   12/21/2010   EUR      1.21
KPNQwest NV                   8.88     2/1/2008   EUR      0.06
Lehman Brothers Treasury Co  11.00    2/16/2009   CHF      1.21
Lehman Brothers Treasury Co  10.00    2/16/2009   CHF      1.21
Lehman Brothers Treasury Co  16.00    11/9/2008   USD      1.21
Lehman Brothers Treasury Co  10.00    5/22/2009   USD      1.21
Lehman Brothers Treasury Co   4.60     8/1/2013   EUR      1.21
Lehman Brothers Treasury Co   8.00    5/22/2009   USD      1.21
Lehman Brothers Treasury Co   7.60     3/4/2010   NZD      1.21
Lehman Brothers Treasury Co  17.00     6/2/2009   USD      1.21
Lehman Brothers Treasury Co  13.50     6/2/2009   USD      1.21
Lehman Brothers Treasury Co   3.00     6/3/2010   EUR      1.21
Lehman Brothers Treasury Co  12.00     7/4/2011   EUR      1.21
Kaupthing ehf                 6.50    10/8/2010   ISK     17.63
Lehman Brothers Treasury Co   2.30    6/27/2013   USD      1.21
Lehman Brothers Treasury Co   2.37    7/15/2013   USD      1.21
Lehman Brothers Treasury Co  13.43     1/8/2009   ILS      1.21
Lehman Brothers Treasury Co   7.75     1/3/2012   AUD      1.21
Lehman Brothers Treasury Co   3.10     6/4/2010   USD      1.21
Lehman Brothers Treasury Co   1.95    11/4/2013   EUR      1.21
Lehman Brothers Treasury Co  12.22   11/21/2017   USD      1.21
Lehman Brothers Treasury Co   0.80   12/30/2016   EUR      1.21
Lehman Brothers Treasury Co   9.00    5/15/2022   USD      1.21
Lehman Brothers Treasury Co  10.00     1/3/2012   BRL      1.21
Lehman Brothers Treasury Co   6.00    5/23/2018   CZK      1.21
Lehman Brothers Treasury Co   4.00    5/30/2010   USD      1.21
Lehman Brothers Treasury Co   4.00    5/17/2010   USD      1.21
Royal Bank of Scotland PLC/   6.20     9/7/2018   GBP      1.07
Lehman Brothers Treasury Co   7.50    6/15/2017   USD      1.21
Lehman Brothers Treasury Co   6.00   12/30/2017   EUR      1.21
Royal Bank of Scotland PLC/   1.33   10/26/2018   GBP      1.06
Lehman Brothers Treasury Co   2.48    5/12/2009   USD      1.21
Lehman Brothers Treasury Co   2.25    5/12/2009   USD      1.21
HSBC Trinkaus & Burkhardt A  15.20    6/23/2017   EUR     61.89
Lehman Brothers Treasury Co   1.68     3/5/2015   EUR      1.21
Lehman Brothers Treasury Co   5.00    4/24/2017   EUR      1.21
Lehman Brothers Treasury Co   4.25    5/15/2010   EUR      1.21
Lehman Brothers Treasury Co   3.35   10/13/2016   EUR      1.21
DZ Bank AG Deutsche Zentral   8.00    3/24/2017   EUR     66.91
UBS AG                        7.00   12/22/2017   EUR     66.55
UBS AG                        7.75   12/22/2017   EUR     67.92
UBS AG                       10.25   12/22/2017   EUR     47.83
UBS AG                        8.50   12/22/2017   EUR     51.37
UBS AG                        4.75   12/22/2017   EUR     74.65
UBS AG                        6.75   12/22/2017   EUR     57.96
UBS AG                        8.25   12/22/2017   EUR     53.15
UBS AG                        6.25   12/22/2017   EUR     57.26
DekaBank Deutsche Girozentr   3.40     3/5/2018   EUR     72.79
UniCredit Bank AG             4.30   12/22/2017   EUR     68.12
DekaBank Deutsche Girozentr   3.30    2/26/2018   EUR     56.30
UniCredit Bank AG             4.30   10/29/2018   EUR     67.02
Landesbank Baden-Wuerttembe   3.90    6/23/2017   EUR     72.82
UBS AG                       10.25   12/22/2017   EUR     58.50
UBS AG                       13.00   12/22/2017   EUR     74.19
UBS AG                        7.75   12/22/2017   EUR     46.56
UBS AG                        8.25   12/22/2017   EUR     41.42
UBS AG                       10.50   12/22/2017   EUR     49.60
UBS AG                        9.50   12/22/2017   EUR     50.99
UBS AG                        6.50   12/22/2017   EUR     57.46
Landesbank Baden-Wuerttembe   3.30    6/22/2018   EUR     68.04
DekaBank Deutsche Girozentr   3.10    2/26/2018   EUR     73.93
Landesbank Baden-Wuerttembe   3.00    5/25/2018   EUR     70.63
DekaBank Deutsche Girozentr   3.45     6/1/2018   EUR     60.53
UniCredit Bank AG             4.40    9/19/2018   EUR     70.66
UBS AG                        9.50   12/22/2017   EUR     55.53
UBS AG                        5.50   12/22/2017   EUR     74.83
UBS AG                        8.00   12/22/2017   EUR     60.07
UBS AG                        5.50   12/22/2017   EUR     70.10
UBS AG                        7.50   12/22/2017   EUR     54.74
UBS AG                        5.75   12/22/2017   EUR     61.44
UBS AG                        5.00   12/22/2017   EUR     69.48
UBS AG                        4.50   12/22/2017   EUR     68.22
UBS AG                        5.00   12/22/2017   EUR     64.04
UBS AG                        6.50   12/22/2017   EUR     65.78
Leonteq Securities AG/Guern   5.75    3/17/2017   CHF     61.10
UniCredit Bank AG             4.30   10/17/2018   EUR     69.92
Barclays Bank PLC             4.17     1/5/2017   EUR     16.92
Landesbank Baden-Wuerttembe   3.55    6/23/2017   EUR     68.48
Landesbank Baden-Wuerttembe   3.15    6/22/2018   EUR     66.58
UBS AG                        5.00   12/22/2017   EUR     74.03
Credit Suisse AG/Nassau       5.25    5/14/2018   CHF     62.87
Landesbank Baden-Wuerttembe   3.05    6/22/2018   EUR     72.10
UBS AG                        4.50   12/22/2017   EUR     60.11
UniCredit Bank AG             4.10    9/28/2018   EUR     63.90
DekaBank Deutsche Girozentr   3.10     5/5/2017   EUR     71.24
DekaBank Deutsche Girozentr   3.40     4/9/2018   EUR     60.25
Landesbank Baden-Wuerttembe   3.60    6/23/2017   EUR     73.29
DekaBank Deutsche Girozentr   3.15    5/18/2018   EUR     47.35
UBS AG                        5.00   12/22/2017   EUR     67.65
UBS AG                        4.75   12/22/2017   EUR     57.29
UBS AG/London                 5.00    8/14/2017   CHF     55.40
Landesbank Baden-Wuerttembe   3.00    2/23/2018   EUR     65.21
Leonteq Securities AG/Guern  10.58     2/3/2017   USD     22.68
UBS AG/London                14.50    7/20/2017   USD     58.00
Goldman Sachs & Co Wertpapi  24.00    4/26/2017   EUR     73.26
Goldman Sachs & Co Wertpapi  24.00    6/21/2017   EUR     72.64
Goldman Sachs & Co Wertpapi  22.00    7/26/2017   EUR     73.92
Goldman Sachs & Co Wertpapi  21.00    8/23/2017   EUR     74.98
Landesbank Baden-Wuerttembe   3.00    8/24/2018   EUR     62.70
Landesbank Baden-Wuerttembe   3.40    6/22/2018   EUR     55.10
Landesbank Baden-Wuerttembe   2.70    7/27/2018   EUR     70.91
Landesbank Baden-Wuerttembe   4.20    6/23/2017   EUR     67.67
Landesbank Baden-Wuerttembe   3.40    8/24/2018   EUR     67.10
Landesbank Baden-Wuerttembe   3.00   10/27/2017   EUR     71.44
Landesbank Baden-Wuerttembe   5.00   10/27/2017   EUR     67.59
Landesbank Baden-Wuerttembe   5.00   10/27/2017   EUR     63.99
Landesbank Baden-Wuerttembe   4.00   10/27/2017   EUR     67.75
Landesbank Baden-Wuerttembe   2.50    2/24/2017   EUR     56.64
Landesbank Baden-Wuerttembe   2.50    2/24/2017   EUR     74.15
Landesbank Baden-Wuerttembe   2.50    2/24/2017   EUR     67.91
Landesbank Baden-Wuerttembe   3.50    2/24/2017   EUR     54.01
Landesbank Baden-Wuerttembe   3.50    2/24/2017   EUR     69.20
Landesbank Baden-Wuerttembe   3.50    2/24/2017   EUR     62.87
Landesbank Baden-Wuerttembe   3.50    2/24/2017   EUR     74.44
Landesbank Baden-Wuerttembe   4.50    2/24/2017   EUR     74.81
Landesbank Baden-Wuerttembe   4.50    2/24/2017   EUR     65.43
Landesbank Baden-Wuerttembe   4.50    2/24/2017   EUR     71.92
Landesbank Baden-Wuerttembe   4.50    2/24/2017   EUR     58.82
Landesbank Baden-Wuerttembe   4.50    2/24/2017   EUR     70.28
Landesbank Baden-Wuerttembe   5.50    2/24/2017   EUR     70.78
Landesbank Baden-Wuerttembe   5.50    2/24/2017   EUR     62.08
Landesbank Baden-Wuerttembe   5.50    2/24/2017   EUR     55.31
Landesbank Baden-Wuerttembe   5.50    2/24/2017   EUR     66.94
Landesbank Baden-Wuerttembe   4.00    2/24/2017   EUR     73.59
Landesbank Baden-Wuerttembe   5.00    2/24/2017   EUR     74.18
Landesbank Baden-Wuerttembe   5.00    2/24/2017   EUR     70.27
Landesbank Baden-Wuerttembe   6.00    2/24/2017   EUR     70.17
Landesbank Baden-Wuerttembe   3.60    9/22/2017   EUR     71.56
Landesbank Baden-Wuerttembe   3.90    7/28/2017   EUR     48.39
Landesbank Baden-Wuerttembe   5.00    3/24/2017   EUR     74.07
Landesbank Baden-Wuerttembe   5.00    3/24/2017   EUR     72.65
Landesbank Baden-Wuerttembe   4.00    3/24/2017   EUR     70.16
Landesbank Baden-Wuerttembe   5.00    3/24/2017   EUR     66.10
Landesbank Baden-Wuerttembe   6.00    3/24/2017   EUR     62.61
Landesbank Baden-Wuerttembe   3.00    3/24/2017   EUR     64.69
Landesbank Baden-Wuerttembe   4.00    3/24/2017   EUR     60.88
Landesbank Baden-Wuerttembe   5.00    3/24/2017   EUR     57.73
Landesbank Baden-Wuerttembe   3.00    3/24/2017   EUR     68.78
Landesbank Baden-Wuerttembe   4.00    3/24/2017   EUR     64.62
Landesbank Baden-Wuerttembe   5.00    3/24/2017   EUR     61.93
Landesbank Baden-Wuerttembe   2.50    3/24/2017   EUR     55.77
Landesbank Baden-Wuerttembe   4.00    3/24/2017   EUR     52.17
Landesbank Baden-Wuerttembe   4.50    3/24/2017   EUR     71.21
Landesbank Baden-Wuerttembe   3.00    3/24/2017   EUR     67.10
Landesbank Baden-Wuerttembe   6.00    9/22/2017   EUR     74.01
Landesbank Baden-Wuerttembe   3.00    9/22/2017   EUR     62.91
Leonteq Securities AG         6.00   10/12/2017   CHF     65.99
UniCredit Bank AG             4.50    9/19/2017   EUR     62.67
UniCredit Bank AG             5.40    6/30/2017   EUR     59.66
UBS AG                        8.25   12/22/2017   EUR     60.08
UBS AG                        7.00   12/22/2017   EUR     62.72
UBS AG                        5.00   12/22/2017   EUR     67.81
UBS AG                        8.75   12/22/2017   EUR     57.61
UBS AG                        4.00   12/22/2017   EUR     73.13
UBS AG                       10.25   12/22/2017   EUR     53.72
UBS AG                       11.75   12/22/2017   EUR     50.93
UBS AG                        9.50   12/22/2017   EUR     54.88
UBS AG                       10.50   12/22/2017   EUR     50.94
BNP Paribas Emissions- und   23.00   12/21/2017   EUR     74.44
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     69.23
BNP Paribas Emissions- und   25.00    6/22/2017   EUR     74.38
BNP Paribas Emissions- und   28.00    6/22/2017   EUR     68.38
BNP Paribas Emissions- und   26.00   12/21/2017   EUR     70.46
BNP Paribas Emissions- und   29.00   12/21/2017   EUR     73.88
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     72.69
BNP Paribas Emissions- und   26.00    6/22/2017   EUR     66.80
BNP Paribas Emissions- und   23.00   12/21/2017   EUR     67.25
BNP Paribas Emissions- und   29.00    3/23/2017   EUR     70.18
BNP Paribas Emissions- und   24.00   12/21/2017   EUR     74.75
BNP Paribas Emissions- und   12.00    3/23/2017   EUR     74.62
BNP Paribas Emissions- und   18.00    3/23/2017   EUR     64.89
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     61.40
BNP Paribas Emissions- und   15.00    3/23/2017   EUR     74.55
BNP Paribas Emissions- und   16.00    6/22/2017   EUR     72.26
BNP Paribas Emissions- und   28.00    6/22/2017   EUR     61.71
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     74.13
BNP Paribas Emissions- und   27.00    3/23/2017   EUR     72.63
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     72.43
BNP Paribas Emissions- und   18.00    6/22/2017   EUR     62.31
BNP Paribas Emissions- und   21.00    6/22/2017   EUR     58.60
BNP Paribas Emissions- und   25.00   12/21/2017   EUR     58.10
BNP Paribas Emissions- und   18.00    3/23/2017   EUR     62.55
BNP Paribas Emissions- und   15.00    3/23/2017   EUR     73.73
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     65.85
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     64.35
BNP Paribas Emissions- und   13.00    6/22/2017   EUR     66.51
BNP Paribas Emissions- und   25.00    6/22/2017   EUR     49.19
BNP Paribas Emissions- und   25.00   12/21/2017   EUR     54.04
Vontobel Financial Products   8.00    3/24/2017   EUR     73.75
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     71.20
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     71.63
BNP Paribas Emissions- und   29.00    6/22/2017   EUR     68.68
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     71.74
BNP Paribas Emissions- und   25.00   12/21/2017   EUR     73.94
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     71.32
BNP Paribas Emissions- und   25.00    3/23/2017   EUR     70.98
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     65.98
BNP Paribas Emissions- und   29.00    3/23/2017   EUR     59.87
BNP Paribas Emissions- und   22.00   12/21/2017   EUR     71.37
BNP Paribas Emissions- und   26.00   12/21/2017   EUR     68.12
BNP Paribas Emissions- und   29.00    6/22/2017   EUR     73.06
BNP Paribas Emissions- und   29.00   12/21/2017   EUR     65.66
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     71.63
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     55.63
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     61.87
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     72.68
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     71.82
BNP Paribas Emissions- und   15.00   12/21/2017   EUR     74.28
BNP Paribas Emissions- und   22.00   12/21/2017   EUR     68.68
BNP Paribas Emissions- und   29.00   12/21/2017   EUR     73.97
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     73.80
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     63.81
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     69.17
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     64.04
BNP Paribas Emissions- und   17.00   12/21/2017   EUR     74.36
BNP Paribas Emissions- und   25.00   12/21/2017   EUR     68.22
BNP Paribas Emissions- und   10.00   12/21/2017   EUR     74.52
BNP Paribas Emissions- und   13.00   12/21/2017   EUR     69.43
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     53.30
BNP Paribas Emissions- und   13.00    3/23/2017   EUR     65.14
BNP Paribas Emissions- und   16.00    3/23/2017   EUR     58.89
BNP Paribas Emissions- und   19.00    3/23/2017   EUR     54.00
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     50.12
BNP Paribas Emissions- und   25.00    3/23/2017   EUR     47.00
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     44.46
BNP Paribas Emissions- und   15.00   12/21/2017   EUR     63.63
BNP Paribas Emissions- und   19.00   12/21/2017   EUR     58.03
BNP Paribas Emissions- und   22.00   12/21/2017   EUR     55.37
Goldman Sachs & Co Wertpapi  16.00    3/22/2017   EUR     74.19
Vontobel Financial Products  12.25    3/10/2017   EUR     68.21
Vontobel Financial Products  11.75     6/9/2017   EUR     70.69
Goldman Sachs & Co Wertpapi  16.00    3/22/2017   EUR     62.95
Leonteq Securities AG        11.20    1/26/2017   CHF     73.73
Leonteq Securities AG        10.20    1/26/2017   CHF     63.46
Deutsche Bank AG              5.20    3/21/2017   EUR     72.70
Deutsche Bank AG              5.20    3/21/2017   EUR     69.90
Deutsche Bank AG              7.20    3/21/2017   EUR     73.10
Deutsche Bank AG              7.20    3/21/2017   EUR     70.30
DekaBank Deutsche Girozentr   2.60   10/12/2018   EUR     74.98
Goldman Sachs & Co Wertpapi  16.00    6/21/2017   EUR     67.94
Societe Generale Effekten G   8.47    6/23/2017   EUR     73.14
Societe Generale Effekten G   8.81    6/23/2017   EUR     57.32
Societe Generale Effekten G  11.68    6/23/2017   EUR     53.14
UBS AG/London                 3.81   10/28/2017   USD     65.75
Notenstein La Roche Private   7.70     5/9/2017   CHF     62.39
Landesbank Baden-Wuerttembe   4.00    4/28/2017   EUR     73.18
Landesbank Baden-Wuerttembe   5.00    4/28/2017   EUR     70.24
Landesbank Baden-Wuerttembe   3.00    4/28/2017   EUR     72.44
Landesbank Baden-Wuerttembe   4.00    4/28/2017   EUR     69.87
Vontobel Financial Products   8.25    3/10/2017   EUR     73.73
Vontobel Financial Products   8.65    3/10/2017   EUR     62.85
UBS AG/London                10.20    2/10/2017   EUR     74.01
UBS AG/London                 4.70    2/10/2017   EUR     69.08
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     65.21
UBS AG/London                20.36     6/6/2017   USD      6.88
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     69.23
Goldman Sachs & Co Wertpapi  11.00    6/21/2017   EUR     69.70
Goldman Sachs & Co Wertpapi  11.00    6/21/2017   EUR     65.67
Notenstein La Roche Private   4.80   11/14/2018   CHF     72.01
Goldman Sachs International   1.00    12/5/2017   SEK     13.58
Notenstein La Roche Private   5.30   11/14/2018   CHF     74.73
Notenstein La Roche Private   3.00    9/22/2020   CHF     68.21
Credit Suisse AG/London       7.00   11/15/2019   USD      8.40
UniCredit Bank AG             3.50    1/29/2020   EUR     74.51
Credit Suisse AG/London       8.00   11/29/2019   USD      8.50
Notenstein La Roche Private   5.50   12/28/2018   CHF     71.79
Notenstein La Roche Private   5.00    1/14/2019   CHF     68.71
Notenstein La Roche Private   8.50    1/16/2017   EUR     52.97
Notenstein La Roche Private   5.50    1/14/2019   CHF     73.53
Leonteq Securities AG         8.20    1/16/2017   CHF     73.72
Notenstein La Roche Private   4.50   10/31/2018   CHF     66.67
Leonteq Securities AG         3.00    9/19/2019   CHF     57.48
DekaBank Deutsche Girozentr   7.15   10/27/2017   EUR     47.63
Notenstein La Roche Private   5.00   10/31/2018   CHF     69.32
Landesbank Baden-Wuerttembe   3.25   12/22/2017   EUR     69.65
UniCredit Bank AG             4.00    6/26/2018   EUR     64.79
UniCredit Bank AG             4.60    6/30/2017   EUR     56.84
Landesbank Baden-Wuerttembe   3.25    1/26/2018   EUR     65.36
Landesbank Hessen-Thueringe   4.00    1/16/2018   EUR     64.83
Barclays Bank PLC             4.17     1/5/2017   EUR     22.20
Landesbank Baden-Wuerttembe   3.25    6/23/2017   EUR     73.62
Leonteq Securities AG/Guern   5.00   12/27/2019   EUR     70.47
Leonteq Securities AG         6.00    2/20/2017   CHF     50.76
Bayerische Landesbank         3.00     3/9/2018   EUR     60.92
Leonteq Securities AG         7.20     3/6/2017   CHF     64.94
Leonteq Securities AG         7.80    2/27/2017   EUR     60.94
DekaBank Deutsche Girozentr   2.40    2/17/2017   EUR     63.04
UniCredit Bank AG             5.00    6/25/2019   EUR     64.02
Landesbank Hessen-Thueringe   5.00    3/27/2019   EUR     66.99
EFG International Finance G   7.20    2/25/2019   EUR     29.35
Leonteq Securities AG         5.20     3/6/2017   CHF     73.70
UniCredit Bank AG             3.75    10/2/2020   EUR     68.73
DekaBank Deutsche Girozentr   2.50    2/24/2017   EUR     73.87
DekaBank Deutsche Girozentr   3.00   12/17/2018   EUR     48.23
DZ Bank AG Deutsche Zentral   5.00     2/6/2018   EUR     70.65
DekaBank Deutsche Girozentr   3.20    1/14/2019   EUR     61.21
Leonteq Securities AG         6.00    1/30/2017   CHF     69.45
UniCredit Bank AG             3.75     9/7/2020   EUR     71.06
DekaBank Deutsche Girozentr   2.75    7/17/2019   EUR     73.58
Vontobel Financial Products   6.20     2/4/2019   EUR     72.27
Notenstein La Roche Private   8.00     2/6/2017   EUR     71.00
DekaBank Deutsche Girozentr   2.75     2/2/2018   EUR     72.58
Commerzbank AG                5.24    2/16/2017   EUR     63.67
Notenstein La Roche Private   5.00    2/27/2019   CHF     68.84
Notenstein La Roche Private   5.70    2/27/2019   CHF     67.55
BNP Paribas Emissions- und   27.00    6/22/2017   EUR     72.94
BNP Paribas Emissions- und   25.00    6/22/2017   EUR     62.66
BNP Paribas Emissions- und   19.00   12/21/2017   EUR     69.35
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     63.54
BNP Paribas Emissions- und   19.00    3/23/2017   EUR     68.13
BNP Paribas Emissions- und   24.00    3/23/2017   EUR     63.40
BNP Paribas Emissions- und   28.00    3/23/2017   EUR     59.42
BNP Paribas Emissions- und   16.00    6/22/2017   EUR     71.14
BNP Paribas Emissions- und   13.00    6/22/2017   EUR     60.39
BNP Paribas Emissions- und   19.00    6/22/2017   EUR     54.23
BNP Paribas Emissions- und   28.00   12/21/2017   EUR     54.37
BNP Paribas Emissions- und   24.00    3/23/2017   EUR     59.77
BNP Paribas Emissions- und   12.00   12/21/2017   EUR     72.46
BNP Paribas Emissions- und   18.00    3/23/2017   EUR     66.19
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     62.60
BNP Paribas Emissions- und   25.00    6/22/2017   EUR     60.18
BNP Paribas Emissions- und   27.00    6/22/2017   EUR     58.26
BNP Paribas Emissions- und   19.00   12/21/2017   EUR     66.88
BNP Paribas Emissions- und   22.00   12/21/2017   EUR     64.38
BNP Paribas Emissions- und   25.00   12/21/2017   EUR     62.99
BNP Paribas Emissions- und   27.00   12/21/2017   EUR     61.40
BNP Paribas Emissions- und   22.00    3/23/2017   EUR     72.32
BNP Paribas Emissions- und   26.00    3/23/2017   EUR     68.00
DZ Bank AG Deutsche Zentral  15.75    2/24/2017   EUR     67.38
Communaute Francaise de Bel   0.50    6/27/2046   EUR     68.32
DZ Bank AG Deutsche Zentral   9.25    7/28/2017   EUR     64.73
UBS AG/London                 4.40    6/25/2018   USD     49.75
UBS AG/London                 4.47    6/25/2018   USD     61.03
UBS AG/London                 4.98   12/26/2017   USD     41.97
HSBC Trinkaus & Burkhardt A   8.20    9/22/2017   EUR     64.82
Credit Suisse AG/London       8.55    1/30/2026   USD     10.03
Societe Generale Effekten G  14.99    3/24/2017   EUR     72.10
Societe Generale Effekten G  15.64    6/23/2017   EUR     74.74
HSBC Trinkaus & Burkhardt A  11.80    3/24/2017   EUR     74.66
Zurcher Kantonalbank Financ  14.30   10/11/2017   CHF     72.31
Bank Julius Baer & Co Ltd/G  11.60   10/11/2017   CHF     64.00
UBS AG/London                15.00    10/5/2017   CHF     67.70
Noyabrskaya Pge OOO           8.50   11/10/2020   RUB     60.00
Podkarpacki Bank Spoldzielc   5.80   10/24/2024   PLN     61.80
Transgazservice LLP          10.50    11/8/2019   RUB      1.10
Goldman Sachs & Co Wertpapi  10.00    3/22/2017   EUR     68.19
Goldman Sachs & Co Wertpapi  12.00    3/22/2017   EUR     64.50
Goldman Sachs & Co Wertpapi  11.00    6/21/2017   EUR     65.70
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     69.25
HSBC Trinkaus & Burkhardt A   6.30    3/24/2017   EUR     74.24
HSBC Trinkaus & Burkhardt A   6.70    3/24/2017   EUR     60.35
HSBC Trinkaus & Burkhardt A   6.50    3/24/2017   EUR     68.44
HSBC Trinkaus & Burkhardt A   7.40    3/24/2017   EUR     62.08
HSBC Trinkaus & Burkhardt A   6.70    3/24/2017   EUR     67.83
Landesbank Baden-Wuerttembe   2.60    2/24/2017   EUR     67.25
UBS AG/London                 6.25    7/24/2017   CHF     70.70
Landesbank Baden-Wuerttembe   2.60    8/23/2019   EUR     68.70
Zurcher Kantonalbank Financ   5.00    7/27/2017   CHF     74.86
Vontobel Financial Products   6.80    1/27/2017   EUR     72.52
Credit Suisse AG/Nassau       7.00     8/7/2017   CHF     74.45
Zurcher Kantonalbank Financ   5.50    1/30/2017   CHF     65.80
Goldman Sachs & Co Wertpapi  13.00    3/22/2017   EUR     50.77
Goldman Sachs & Co Wertpapi   9.00    6/21/2017   EUR     58.18
Goldman Sachs & Co Wertpapi  12.00    6/21/2017   EUR     53.64
Landesbank Baden-Wuerttembe   4.50    8/25/2017   EUR     74.54
Landesbank Baden-Wuerttembe   3.50    8/25/2017   EUR     74.46
Landesbank Baden-Wuerttembe   4.50    8/25/2017   EUR     70.97
Landesbank Baden-Wuerttembe   2.50    8/25/2017   EUR     74.80
Landesbank Baden-Wuerttembe   3.50    8/25/2017   EUR     70.74
Landesbank Baden-Wuerttembe   4.50    8/25/2017   EUR     67.52
Landesbank Baden-Wuerttembe   3.00    8/25/2017   EUR     71.61
Landesbank Baden-Wuerttembe   4.00    8/25/2017   EUR     68.36
Landesbank Baden-Wuerttembe   5.00    8/25/2017   EUR     65.87
Landesbank Baden-Wuerttembe   3.00    8/25/2017   EUR     67.68
Landesbank Baden-Wuerttembe   4.00    8/25/2017   EUR     64.17
Landesbank Baden-Wuerttembe   5.00    8/25/2017   EUR     61.44
Landesbank Baden-Wuerttembe   3.00    8/25/2017   EUR     72.17
EFG International Finance G   7.20    7/29/2020   EUR     51.37
Notenstein La Roche Private   4.00    1/31/2017   EUR     71.71
Zurcher Kantonalbank Financ   4.00    8/24/2018   CHF     74.55
Credit Suisse AG/Nassau       5.50     8/3/2017   EUR     72.69
Bank Julius Baer & Co Ltd/G   4.75    2/13/2017   CHF     72.90
Bank Julius Baer & Co Ltd/G   9.05    2/13/2017   EUR     70.05
Zurcher Kantonalbank Financ   5.75     2/6/2017   EUR     74.60
DekaBank Deutsche Girozentr   2.60    6/23/2017   EUR     66.54
Notenstein La Roche Private   7.00    8/14/2017   CHF     71.55
Leonteq Securities AG         5.20    8/14/2018   CHF     67.39
Goldman Sachs & Co Wertpapi   9.00    6/21/2017   EUR     67.28
Goldman Sachs & Co Wertpapi  13.00    6/21/2017   EUR     60.19
Credit Suisse AG/London       7.70    8/20/2025   USD      8.64
Notenstein La Roche Private   6.30    2/14/2017   CHF     56.16
Landesbank Baden-Wuerttembe   3.00    6/23/2017   EUR     70.66
Landesbank Baden-Wuerttembe   4.00    6/23/2017   EUR     66.93
Landesbank Baden-Wuerttembe   5.00    6/23/2017   EUR     63.80
Landesbank Baden-Wuerttembe   6.00    6/23/2017   EUR     61.36
Credit Suisse AG/Nassau       6.38    6/12/2017   EUR     62.94
Vontobel Financial Products   5.00    1/10/2017   EUR     60.50
Landesbank Baden-Wuerttembe   2.75    7/26/2019   EUR     72.83
UniCredit Bank AG             3.80    7/23/2020   EUR     69.40
Leonteq Securities AG         3.00     7/8/2019   CHF     74.58
Notenstein La Roche Private   3.00     7/3/2019   CHF     73.86
UniCredit Bank AG             4.40    7/13/2018   EUR     67.79
Notenstein La Roche Private   6.50    6/26/2017   EUR     65.86
Raiffeisen Centrobank AG      6.24    3/22/2017   EUR     72.96
Raiffeisen Centrobank AG      9.07    3/22/2017   EUR     73.43
Raiffeisen Centrobank AG      7.37    3/22/2017   EUR     73.71
Landesbank Baden-Wuerttembe   3.00    7/26/2019   EUR     74.98
EFG International Finance G   5.30    6/24/2019   EUR     72.37
Goldman Sachs & Co Wertpapi   6.00    3/22/2017   EUR     73.69
Goldman Sachs & Co Wertpapi   8.00    3/22/2017   EUR     67.74
Goldman Sachs & Co Wertpapi  10.00    3/22/2017   EUR     62.74
Goldman Sachs & Co Wertpapi  14.00    3/22/2017   EUR     54.99
Goldman Sachs & Co Wertpapi   6.00    6/21/2017   EUR     74.38
Goldman Sachs & Co Wertpapi   8.00    6/21/2017   EUR     69.42
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     65.15
Goldman Sachs & Co Wertpapi  13.00    6/21/2017   EUR     58.09
Goldman Sachs & Co Wertpapi   5.00    3/22/2017   EUR     72.73
Goldman Sachs & Co Wertpapi   6.00    3/22/2017   EUR     70.17
Goldman Sachs & Co Wertpapi   7.00    3/22/2017   EUR     67.79
Goldman Sachs & Co Wertpapi   8.00    3/22/2017   EUR     63.33
Goldman Sachs & Co Wertpapi  10.00    3/22/2017   EUR     59.68
Goldman Sachs & Co Wertpapi  14.00    3/22/2017   EUR     53.80
Goldman Sachs & Co Wertpapi   6.00    6/21/2017   EUR     71.19
Goldman Sachs & Co Wertpapi   6.00    6/21/2017   EUR     73.73
Goldman Sachs & Co Wertpapi   7.00    6/21/2017   EUR     69.24
Goldman Sachs & Co Wertpapi   8.00    6/21/2017   EUR     65.23
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     62.19
Goldman Sachs & Co Wertpapi  13.00    6/21/2017   EUR     56.92
Goldman Sachs & Co Wertpapi   7.00    3/22/2017   EUR     67.27
Goldman Sachs & Co Wertpapi   8.00    3/22/2017   EUR     64.04
Goldman Sachs & Co Wertpapi   9.00    3/22/2017   EUR     61.15
Goldman Sachs & Co Wertpapi  13.00    3/22/2017   EUR     54.30
Goldman Sachs & Co Wertpapi   6.00    6/21/2017   EUR     71.40
Goldman Sachs & Co Wertpapi   7.00    6/21/2017   EUR     68.16
Goldman Sachs & Co Wertpapi   8.00    6/21/2017   EUR     65.27
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     63.16
Goldman Sachs & Co Wertpapi  13.00    6/21/2017   EUR     56.98
Goldman Sachs & Co Wertpapi   7.00    3/22/2017   EUR     68.36
UBS AG/London                 9.25    6/26/2017   CHF     63.50
UBS AG/London                 7.00    6/26/2017   EUR     66.10
Landesbank Baden-Wuerttembe   3.70    7/27/2018   EUR     72.04
UBS AG/London                 9.40    6/30/2017   EUR     45.90
EFG International Finance G   7.20    6/26/2017   GBP     23.72
Vontobel Financial Products   3.10     1/2/2017   EUR     63.20
Zurcher Kantonalbank Financ   8.50    7/17/2017   CHF     63.43
Zurcher Kantonalbank Financ   9.00    7/17/2017   EUR     74.43
UBS AG/London                 7.50     7/3/2017   EUR     61.85
Banque Cantonale Vaudoise     7.25     7/3/2017   CHF     61.74
Landesbank Baden-Wuerttembe   3.00    3/24/2017   EUR     61.77
Landesbank Baden-Wuerttembe   4.00    3/24/2017   EUR     58.22
Landesbank Baden-Wuerttembe   5.00    3/24/2017   EUR     55.26
Landesbank Baden-Wuerttembe   6.00    3/24/2017   EUR     52.65
Landesbank Baden-Wuerttembe   3.00    3/24/2017   EUR     66.51
Landesbank Baden-Wuerttembe   4.00    3/24/2017   EUR     62.51
Landesbank Baden-Wuerttembe   5.50    3/24/2017   EUR     57.93
Landesbank Baden-Wuerttembe   4.80    6/23/2017   EUR     67.23
Landesbank Baden-Wuerttembe   3.25    7/28/2017   EUR     70.10
Landesbank Baden-Wuerttembe   3.00    6/23/2017   EUR     72.24
Landesbank Baden-Wuerttembe   4.40    8/25/2017   EUR     74.49
Landesbank Baden-Wuerttembe   3.70    8/25/2017   EUR     74.56
Landesbank Baden-Wuerttembe   4.50    8/25/2017   EUR     68.77
Landesbank Baden-Wuerttembe   3.55    8/25/2017   EUR     42.52
Landesbank Baden-Wuerttembe   3.70    9/22/2017   EUR     69.35
Landesbank Baden-Wuerttembe   3.75    9/22/2017   EUR     41.39
Landesbank Baden-Wuerttembe   3.20    9/22/2017   EUR     64.47
Landesbank Baden-Wuerttembe   3.00    6/22/2018   EUR     56.69
Landesbank Baden-Wuerttembe   3.50   11/24/2017   EUR     56.51
Landesbank Baden-Wuerttembe   3.40    6/23/2017   EUR     51.99
Landesbank Baden-Wuerttembe   3.85   10/27/2017   EUR     45.25
Landesbank Baden-Wuerttembe   3.00   11/24/2017   EUR     53.66
Landesbank Baden-Wuerttembe   3.40   11/24/2017   EUR     43.62
Landesbank Baden-Wuerttembe   3.50    1/26/2018   EUR     74.24
Landesbank Baden-Wuerttembe   3.45    3/22/2019   EUR     62.34
Landesbank Baden-Wuerttembe   4.50    3/23/2018   EUR     53.98
Landesbank Baden-Wuerttembe   3.00    6/28/2019   EUR     66.83
Landesbank Baden-Wuerttembe   2.50    6/28/2019   EUR     68.42
Landesbank Baden-Wuerttembe   3.00    6/28/2019   EUR     71.25
Landesbank Baden-Wuerttembe   3.50    6/22/2018   EUR     65.21
Landesbank Baden-Wuerttembe   4.00    8/25/2017   EUR     41.09
Landesbank Baden-Wuerttembe   3.00    9/28/2018   EUR     48.15
Landesbank Baden-Wuerttembe   3.75   10/27/2017   EUR     45.80
Landesbank Baden-Wuerttembe   3.00     1/4/2019   EUR     53.78
Notenstein La Roche Private   5.40    4/21/2017   CHF     74.04
UBS AG/London                 5.00    4/22/2017   CHF     72.95
Leonteq Securities AG         5.00     5/7/2019   CHF     69.42
Leonteq Securities AG         6.00     5/5/2017   CHF     74.62
Notenstein La Roche Private   5.60     5/4/2017   CHF     74.53
Landesbank Baden-Wuerttembe   3.25    8/25/2017   EUR     67.60
Landesbank Baden-Wuerttembe   3.00    6/28/2019   EUR     72.03
Commerzbank AG                7.24    4/27/2017   EUR     56.86
Commerzbank AG                6.24    4/27/2017   EUR     74.18
Leonteq Securities AG         8.00    4/24/2017   USD     59.26
DekaBank Deutsche Girozentr   3.25    4/20/2018   EUR     60.17
DekaBank Deutsche Girozentr   2.60    4/21/2017   EUR     57.43
Landesbank Hessen-Thueringe   4.00     6/5/2019   EUR     74.09
Leonteq Securities AG         6.00     5/4/2017   CHF     74.21
Bank Julius Baer & Co Ltd/G   6.00     5/2/2017   CHF     72.40
Notenstein La Roche Private   4.00     5/8/2018   CHF     61.88
DekaBank Deutsche Girozentr   2.75   10/29/2018   EUR     59.86
EFG International Finance G   7.19     5/6/2019   EUR     25.47
Notenstein Finance Guernsey   7.19     5/6/2019   EUR     74.82
Bank J Safra Sarasin AG/Gue   8.00     5/4/2017   CHF     65.07
DekaBank Deutsche Girozentr   3.00    4/30/2019   EUR     69.52
UniCredit Bank AG             5.00    7/30/2018   EUR     71.46
Landesbank Baden-Wuerttembe   4.00    6/22/2018   EUR     68.30
Landesbank Baden-Wuerttembe   3.60    6/22/2018   EUR     65.86
UBS AG                        7.40    5/17/2021   CHF     73.52
Societe Generale SA           9.50    5/21/2018   USD     48.32
Notenstein La Roche Private   4.20    5/22/2019   CHF     66.85
Notenstein La Roche Private   4.50    5/22/2018   CHF     67.39
Landesbank Baden-Wuerttembe   3.00    7/26/2019   EUR     72.45
Credit Suisse AG/London       4.00    5/22/2017   CHF     74.69
DekaBank Deutsche Girozentr   3.00    5/12/2017   EUR     61.52
DekaBank Deutsche Girozentr   2.80    5/13/2019   EUR     64.55
Notenstein La Roche Private   4.10     6/5/2019   CHF     74.16
Notenstein La Roche Private   4.00    5/29/2017   CHF     73.50
Zurcher Kantonalbank Financ   3.80    5/22/2017   EUR     63.09
UBS AG/London                 7.00    5/22/2017   CHF     61.45
UBS AG/London                 8.00    5/26/2017   EUR     60.55
Leonteq Securities AG         9.92    5/29/2017   EUR     63.27
Notenstein La Roche Private   4.30     6/5/2019   CHF     72.40
Notenstein La Roche Private   5.80     6/5/2018   CHF     72.63
Commerzbank AG                6.76    6/22/2017   EUR     61.59
BNP Paribas Emissions- und    3.25   11/24/2017   EUR     71.91
Landesbank Baden-Wuerttembe   3.50    7/27/2018   EUR     68.25
Landesbank Baden-Wuerttembe   3.50    7/27/2018   EUR     64.83
Landesbank Baden-Wuerttembe   3.40    7/27/2018   EUR     68.61
Landesbank Baden-Wuerttembe   4.00    6/23/2017   EUR     69.23
Landesbank Baden-Wuerttembe   5.50    6/23/2017   EUR     64.52
Landesbank Baden-Wuerttembe   4.00    6/23/2017   EUR     69.10
Landesbank Baden-Wuerttembe   5.50    6/23/2017   EUR     64.50
Landesbank Baden-Wuerttembe   2.50    6/23/2017   EUR     70.07
Landesbank Baden-Wuerttembe   3.50    6/23/2017   EUR     66.05
Landesbank Baden-Wuerttembe   4.50    6/23/2017   EUR     63.02
Landesbank Baden-Wuerttembe   2.50    6/23/2017   EUR     66.93
Landesbank Baden-Wuerttembe   4.00    6/23/2017   EUR     61.04
Landesbank Baden-Wuerttembe   5.50    6/23/2017   EUR     56.86
Credit Suisse AG/London       8.95   10/17/2019   USD      9.35
RGS Nedvizhimost OOO         12.50   12/11/2017   RUB     60.03
URALSIB Leasing Co OOO       11.50   12/21/2017   RUB      0.01
Vontobel Financial Products   3.00    6/13/2017   EUR     54.87
EFG International Finance G  12.86   10/30/2017   EUR      7.76
Landesbank Baden-Wuerttembe   3.85    8/25/2017   EUR     67.29
UBS AG/London                10.00    3/16/2017   CHF     22.85
Lehman Brothers Treasury Co   8.28    3/26/2009   USD      1.21
Lehman Brothers Treasury Co   6.85   12/22/2008   EUR      1.21
Lehman Brothers Treasury Co   7.60    3/26/2009   EUR      1.21
Lehman Brothers Treasury Co   7.55   12/29/2008   USD      1.21
Fargo Finance OOO             9.00     2/6/2019   RUB      0.01
HSBC Bank PLC                 0.50    12/8/2020   BRL     70.58
Societe Generale SA           0.50     4/4/2024   MXN     52.76
Barclays Bank PLC             1.99    12/1/2040   USD     69.68
Lehman Brothers Treasury Co   9.25    6/20/2012   USD      1.21
Lehman Brothers Treasury Co   3.00    9/13/2010   JPY      9.25
Societe Generale SA           0.50     8/4/2021   BRL     63.38
Polski Bank Spoldzielczy w    4.81    6/22/2021   PLN     55.00
Zurcher Kantonalbank Financ  11.25    4/26/2017   CHF     46.22
Vontobel Financial Products   3.00    5/26/2017   CHF     73.71
HSBC Trinkaus & Burkhardt A   4.00    6/16/2017   EUR     70.54
Kommunekredit                 0.50    5/11/2029   CAD     69.76
Lehman Brothers Treasury Co   4.50     3/7/2015   EUR      1.21
Lehman Brothers Treasury Co   0.01    9/20/2011   USD      1.21
Lehman Brothers Treasury Co   7.50     8/1/2035   EUR      1.21
Lehman Brothers Treasury Co   6.00    12/6/2016   USD      1.21
Lehman Brothers Treasury Co   3.00     8/8/2017   EUR      1.21
Hellas Telecommunications L   8.50   10/15/2013   EUR      0.28
Lehman Brothers Treasury Co   5.00     9/1/2011   EUR      1.21
Lehman Brothers Treasury Co   3.00    8/15/2017   EUR      1.21
Municipality Finance PLC      0.25    6/28/2040   CAD     30.43
Lehman Brothers Treasury Co   4.50   12/30/2010   USD      1.21
Lehman Brothers Treasury Co   7.00    7/11/2010   EUR      1.21
Lehman Brothers Treasury Co   5.00     8/1/2025   EUR      1.21
Lehman Brothers Treasury Co   6.00    7/28/2010   EUR      1.21
Lehman Brothers Treasury Co   6.00    7/28/2010   EUR      1.21
Lehman Brothers Treasury Co   4.90    7/28/2020   EUR      1.21
Lehman Brothers Treasury Co   4.15    8/25/2020   EUR      1.21
Lehman Brothers Treasury Co   3.50    9/29/2017   EUR      1.21
Lehman Brothers Treasury Co   3.50    9/19/2017   EUR      1.21
Lehman Brothers Treasury Co  10.00     1/4/2010   USD      1.21
Lehman Brothers Treasury Co  12.00    7/13/2037   JPY      1.21
Lehman Brothers Treasury Co  10.00    6/11/2038   JPY      1.21
Lehman Brothers Treasury Co   5.00    12/6/2011   EUR      1.21
Lehman Brothers Treasury Co   1.50     2/8/2012   CHF      1.21
Lehman Brothers Treasury Co   4.00    4/24/2009   USD      1.21
Lehman Brothers Treasury Co   9.00    6/13/2009   USD      1.21
Lehman Brothers Treasury Co   3.85    4/24/2009   USD      1.21
Lehman Brothers Treasury Co  10.50     8/9/2010   EUR      1.21
Lehman Brothers Treasury Co   5.75    6/15/2009   CHF      1.21
Lehman Brothers Treasury Co  10.00    3/27/2009   USD      1.21
Lehman Brothers Treasury Co   4.95   10/25/2036   EUR      1.21
Lehman Brothers Treasury Co  11.00    6/29/2009   EUR      1.21
Lehman Brothers Treasury Co   5.50    6/15/2009   CHF      1.21
Immigon Portfolioabbau AG     0.69    5/20/2025   EUR     59.88
Lehman Brothers Treasury Co   1.50   10/25/2011   EUR      1.21
Lehman Brothers Treasury Co   6.00    6/21/2011   EUR      1.21
Lehman Brothers Treasury Co   7.59   11/22/2009   MXN      9.25
Lehman Brothers Treasury Co   0.50    2/16/2009   EUR      1.21
Immigon Portfolioabbau AG     0.98     3/1/2022   EUR     73.63
Lehman Brothers Treasury Co   6.00    3/17/2011   EUR      1.21
Lehman Brothers Treasury Co   4.70    3/23/2016   EUR      1.21
Lehman Brothers Treasury Co   4.70    3/23/2016   EUR      1.21
Lehman Brothers Treasury Co   6.50    7/24/2026   EUR      1.21
Lehman Brothers Treasury Co   4.50     8/2/2009   USD      1.21
Lehman Brothers Treasury Co   9.00    3/17/2009   GBP      1.21
Lehman Brothers Treasury Co   7.00   11/28/2008   CHF      1.21
Lehman Brothers Treasury Co   8.00    5/22/2009   USD      1.21
Lehman Brothers Treasury Co   4.50    7/24/2014   EUR      1.21
Lehman Brothers Treasury Co   7.75    1/30/2009   EUR      1.21
Lehman Brothers Treasury Co   0.25    7/21/2014   EUR      1.21
Lehman Brothers Treasury Co   8.00     8/3/2009   USD      1.21
Lehman Brothers Treasury Co   4.00   11/24/2016   EUR      1.21
Immigon Portfolioabbau AG     4.78     6/7/2030   EUR     70.63
Lehman Brothers Treasury Co   8.00    4/20/2009   EUR      1.21
SpareBank 1 Noetteroey - To   8.25                NOK     53.12
Lehman Brothers Treasury Co   2.00   11/16/2009   EUR      1.21
Petromena ASA                 9.75    5/24/2016   NOK      0.57
Lehman Brothers Treasury Co   3.70     6/6/2009   EUR      1.21
Lehman Brothers Treasury Co   7.50    9/13/2009   CHF      1.21
Lehman Brothers Treasury Co   6.00    2/14/2012   EUR      1.21
Lehman Brothers Treasury Co   7.00    2/15/2012   EUR      1.21
Lehman Brothers Treasury Co  15.00    3/30/2011   EUR      1.21
Lehman Brothers Treasury Co   4.69    2/19/2017   EUR      1.21
Lehman Brothers Treasury Co   4.10    2/19/2010   EUR      1.21
Lehman Brothers Treasury Co   6.60    2/22/2012   EUR      1.21
Lehman Brothers Treasury Co   5.20    3/19/2018   EUR      1.21
Lehman Brothers Treasury Co   3.50   10/31/2011   USD      1.21
Lehman Brothers Treasury Co   3.50   10/24/2011   USD      1.21
HSBC Trinkaus & Burkhardt A  11.10    3/24/2017   EUR     68.26
HSBC Trinkaus & Burkhardt A   7.00    6/23/2017   EUR     73.41
HSBC Trinkaus & Burkhardt A   8.20    3/24/2017   EUR     56.58
Municipality Finance PLC      0.50   12/15/2020   BRL     69.59
First Collection Bureau OJS  15.00   10/15/2021   RUB     60.03
DZ Bank AG Deutsche Zentral   7.50    3/24/2017   EUR     72.09
DZ Bank AG Deutsche Zentral   4.00    3/24/2017   EUR     70.24
DZ Bank AG Deutsche Zentral   6.25    3/24/2017   EUR     73.53
UBS AG                       10.83    5/15/2017   USD     23.56
HSBC Trinkaus & Burkhardt A   7.90    6/23/2017   EUR     74.94
HSBC Trinkaus & Burkhardt A   8.60    1/27/2017   EUR     73.04
HSBC Trinkaus & Burkhardt A   7.90    1/27/2017   EUR     71.69
HSBC Trinkaus & Burkhardt A  16.10    3/24/2017   EUR     43.62
Credit Suisse AG/London       3.00   11/15/2025   ZAR     61.19
DZ Bank AG Deutsche Zentral   7.00    3/24/2017   EUR     52.75
DZ Bank AG Deutsche Zentral   6.00    3/24/2017   EUR     70.68
DekaBank Deutsche Girozentr   3.50   10/28/2019   EUR     66.97
Bank Julius Baer & Co Ltd/G   5.50    11/6/2017   CHF     61.80
Deutsche Bank AG              7.20    3/21/2017   EUR     70.50
Deutsche Bank AG              9.20    3/21/2017   EUR     71.00
Deutsche Bank AG              9.20    3/21/2017   EUR     68.30
Deutsche Bank AG              5.50    3/21/2017   EUR     74.20
Credit Suisse AG/London       7.00    5/16/2017   CHF     70.49
DZ Bank AG Deutsche Zentral   5.25    3/24/2017   EUR     71.73
Deutsche Bank AG              5.20    3/21/2017   EUR     70.10
UBS AG/London                10.50   11/13/2017   CHF     74.70
Deutsche Bank AG              7.20    6/20/2017   EUR     74.60
Deutsche Bank AG              7.20    6/20/2017   EUR     71.60
DZ Bank AG Deutsche Zentral   7.70    3/24/2017   EUR     74.04
UniCredit Bank AG             5.00    6/22/2017   EUR     72.37
UniCredit Bank AG             5.00    6/22/2017   EUR     73.70
Deutsche Bank AG              7.20    7/26/2017   EUR     73.50
Zurcher Kantonalbank Financ  12.00    11/1/2017   CHF     74.09
Deutsche Bank AG              5.20    6/20/2017   EUR     73.70
Deutsche Bank AG              5.20    6/20/2017   EUR     70.70
Deutsche Bank AG              7.20    6/20/2017   EUR     71.60
Deutsche Bank AG              7.20    6/20/2017   EUR     74.10
Deutsche Bank AG              5.20    6/20/2017   EUR     73.20
Deutsche Bank AG              5.20    6/20/2017   EUR     70.60
UniCredit Bank AG             4.80    6/22/2017   EUR     74.27
UniCredit Bank AG             5.00    6/22/2017   EUR     73.02
UniCredit Bank AG             4.80    6/22/2017   EUR     74.93
Deutsche Bank AG              5.20    7/26/2017   EUR     72.30
Deutsche Bank AG              9.20    7/26/2017   EUR     74.60
Leonteq Securities AG         7.40   11/20/2017   EUR     70.42
Credit Suisse AG/Nassau       7.25    6/14/2017   CHF     66.72
Deutsche Bank AG              6.50    6/20/2017   EUR     75.00
UBS AG/London                 4.22    7/30/2018   USD     14.26
UBS AG/London                 6.06    1/30/2018   USD     52.84
UBS AG/London                 9.30    3/10/2017   EUR     70.47
Lehman Brothers Treasury Co   6.70    4/21/2011   USD      1.21
Lehman Brothers Treasury Co   3.00    9/12/2036   JPY      9.25
Lehman Brothers Treasury Co   4.68   12/12/2045   EUR      1.21
Lehman Brothers Treasury Co   5.22     3/1/2024   EUR      1.21
DekaBank Deutsche Girozentr   2.60    6/15/2018   EUR     71.26
Synergy PJSC                 12.90    4/29/2020   RUB     63.00
BNP Paribas Emissions- und   15.00    3/23/2017   EUR     68.69
BNP Paribas Emissions- und   18.00    3/23/2017   EUR     63.12
BNP Paribas Emissions- und   25.00    3/23/2017   EUR     55.14
BNP Paribas Emissions- und   15.00   12/21/2017   EUR     69.97
BNP Paribas Emissions- und   16.00   12/21/2017   EUR     67.60
BNP Paribas Emissions- und   19.00   12/21/2017   EUR     65.63
Vontobel Financial Products   8.35    5/26/2017   USD     72.96
DZ Bank AG Deutsche Zentral  11.50    6/23/2017   EUR     62.74
BNP Paribas Emissions- und   16.00    3/23/2017   EUR     65.65
BNP Paribas Emissions- und   24.00    3/23/2017   EUR     56.99
BNP Paribas Emissions- und   18.00   12/21/2017   EUR     66.51
HSBC Trinkaus & Burkhardt A   5.00    4/28/2017   EUR     65.07
Zurcher Kantonalbank Financ  14.75    5/11/2017   CHF     71.13
IDGC of the North Caucasus   13.00    4/22/2021   RUB     60.00
Commerzbank AG               23.00    4/27/2017   EUR     74.74
Lehman Brothers Treasury Co  13.00   12/14/2012   USD      1.21
Lehman Brothers Treasury Co   5.25     4/1/2023   EUR      1.21
Lehman Brothers Treasury Co   3.00    6/23/2009   EUR      9.25
Lehman Brothers Treasury Co   2.30    4/28/2014   JPY      1.21
Lehman Brothers Treasury Co   4.00    2/28/2010   EUR      1.21
Melhus Sparebank              2.73    9/16/2024   NOK     72.08
Svensk Exportkredit AB        0.50    8/25/2021   ZAR     66.78
Commerzbank AG               20.00    5/28/2018   SEK     65.49
Societe Generale Effekten G   4.00    6/26/2017   EUR     49.64
HSBC Trinkaus & Burkhardt A   7.70    3/24/2017   EUR     73.60
HSBC Trinkaus & Burkhardt A   1.75    8/25/2017   EUR     61.17
Commerzbank AG                4.00     9/8/2017   EUR     66.96
HSBC Trinkaus & Burkhardt A   9.20    6/23/2017   EUR     64.13
HSBC Trinkaus & Burkhardt A   7.20    9/22/2017   EUR     66.72
HSBC Trinkaus & Burkhardt A   4.40    9/22/2017   EUR     70.41
Eiendomskreditt               5.43                NOK     69.75
Lloyds Bank PLC               0.50    7/26/2028   MXN     40.99
Podkarpacki Bank Spoldzielc   5.11    5/28/2023   PLN     51.85
Lehman Brothers Treasury Co   4.05    9/16/2008   EUR      1.21
Immigon Portfolioabbau AG     4.21    1/25/2033   EUR     61.88
Lehman Brothers Treasury Co   7.25    6/20/2010   USD      1.21
Lehman Brothers Treasury Co   7.00    9/20/2011   USD      1.21
Lehman Brothers Treasury Co   4.10    5/20/2009   USD      1.21
Lehman Brothers Treasury Co   2.00    5/17/2010   EUR      1.21
Lehman Brothers Treasury Co   3.82   10/20/2009   USD      1.21
Lehman Brothers Treasury Co   2.75   10/28/2009   EUR      1.21
IT Holding Finance SA         9.88   11/15/2012   EUR      0.11
Lehman Brothers Treasury Co   4.10    8/23/2010   USD      1.21
Lehman Brothers Treasury Co   5.12    4/30/2027   EUR      1.21
Lehman Brothers Treasury Co   7.75    2/21/2016   EUR      1.21
Lehman Brothers Treasury Co   3.63     3/2/2012   EUR      1.21
Lehman Brothers Treasury Co   8.00   12/27/2032   JPY      1.21
Lehman Brothers Treasury Co   0.75    3/29/2012   EUR      1.21
Nota-Bank OJSC               13.50     4/1/2016   RUB     31.50
URALSIB Leasing Co OOO       10.25    3/21/2019   RUB      0.01
Societe Generale SA           0.50    4/30/2023   RUB     61.33
HSBC Bank PLC                 0.50     6/9/2023   MXN     57.41
Credit Agricole Corporate &   2.00     7/9/2020   BRL     72.42
Immigon Portfolioabbau AG     4.20    2/22/2033   EUR     61.88
SG Issuer SA                  5.50    4/10/2021   EUR     67.20
Podkarpacki Bank Spoldzielc   5.79    3/31/2025   PLN     55.29
Landesbank Hessen-Thueringe   4.00    5/16/2018   EUR     69.68
Syntagma OOO                 16.50    5/10/2022   RUB      0.01
Goldman Sachs & Co Wertpapi  23.00    5/24/2017   EUR     73.81
URALSIB Leasing Co OOO       10.50    4/17/2018   RUB      0.01
Notenstein La Roche Private  15.00   12/27/2017   CHF     71.93
Exane Finance                 3.00    9/18/2018   USD     72.53
Vontobel Financial Products  18.40    9/11/2017   EUR     69.11
Bank Julius Baer & Co Ltd/G  12.80    9/20/2017   CHF     61.95
Bank Julius Baer & Co Ltd/G  13.85    9/20/2017   CHF     65.70
UBS AG                        8.29    9/21/2017   USD     30.40
Leonteq Securities AG         5.20    8/14/2017   CHF     74.76
UBS AG/London                11.00     8/7/2017   USD     72.45
Notenstein La Roche Private   7.20     2/7/2017   CHF     70.25
DekaBank Deutsche Girozentr   4.75    1/20/2017   EUR     66.20
Bank Julius Baer & Co Ltd/G   5.00    8/21/2017   CHF     74.60
Lehman Brothers Treasury Co   2.40    6/20/2011   JPY      1.21
Lehman Brothers Treasury Co   1.60    6/21/2010   JPY      1.21
JP Morgan Structured Produc   3.60    7/17/2017   USD     72.92
Landesbank Baden-Wuerttembe   2.90    7/27/2018   EUR     69.19
Landesbank Baden-Wuerttembe   2.70    7/26/2019   EUR     74.01
Goldman Sachs & Co Wertpapi   5.00    3/22/2017   EUR     73.47
Goldman Sachs & Co Wertpapi   7.00    3/22/2017   EUR     67.52
Goldman Sachs & Co Wertpapi   7.00    6/21/2017   EUR     68.95
Goldman Sachs & Co Wertpapi   5.00    6/21/2017   EUR     73.26
Notenstein La Roche Private   4.20    7/17/2019   CHF     70.98
Vontobel Financial Products   4.65    7/24/2017   EUR     68.00
BNP Paribas Emissions- und    4.00    7/27/2017   EUR     69.90
Bank Julius Baer & Co Ltd/G   6.00    7/24/2017   CHF     69.25
UBS AG/London                 7.00    7/17/2017   CHF     56.75
Notenstein La Roche Private   4.00    7/24/2019   CHF     70.36
Notenstein La Roche Private   6.70    7/24/2017   EUR     71.32
Notenstein La Roche Private   7.00    1/24/2017   CHF     67.48
Exane Finance                 6.25   12/20/2019   SEK     70.35
Credit Suisse AG/Nassau       6.00    7/31/2017   CHF     74.64
Notenstein La Roche Private   8.99    7/22/2019   EUR     43.98
DZ Bank AG Deutsche Zentral   6.00    3/24/2017   EUR     72.62
DZ Bank AG Deutsche Zentral   7.00    3/24/2017   EUR     72.12
Leonteq Securities AG         5.80    8/24/2017   CHF     74.66
Leonteq Securities AG         5.00     9/4/2018   CHF     58.84
UniCredit Bank AG             3.95    10/7/2019   EUR     68.04
Credit Suisse AG/Nassau       7.25     3/8/2017   CHF     60.76
Goldman Sachs & Co Wertpapi  15.00    3/22/2017   EUR     69.00
Goldman Sachs & Co Wertpapi  14.00    6/21/2017   EUR     71.43
Bank Julius Baer & Co Ltd/G  11.85    8/30/2017   CHF     56.70
Zurcher Kantonalbank Financ  10.00    8/18/2017   CHF     63.65
Goldman Sachs & Co Wertpapi  10.00    3/22/2017   EUR     61.79
Leonteq Securities AG         6.77    8/17/2017   CHF     56.82
Deutsche Bank AG              5.20    3/21/2017   EUR     73.40
Deutsche Bank AG              7.20    3/21/2017   EUR     67.80
Deutsche Bank AG              7.20    3/21/2017   EUR     63.10
Deutsche Bank AG              5.20    3/21/2017   EUR     60.50
Deutsche Bank AG              5.20    3/21/2017   EUR     70.50
Deutsche Bank AG              7.20    3/21/2017   EUR     71.00
Deutsche Bank AG              7.20    3/21/2017   EUR     67.20
Deutsche Bank AG              7.20    3/21/2017   EUR     63.70
Leonteq Securities AG         5.40    8/28/2017   CHF     59.04
UBS AG/London                 8.25     8/7/2017   EUR     73.40
Landesbank Baden-Wuerttembe   3.40    9/28/2018   EUR     72.04
Notenstein La Roche Private   7.00    8/11/2017   CHF     72.22
Notenstein La Roche Private   8.02    8/11/2017   EUR     73.12
Credit Suisse AG/London       7.00    2/20/2017   CHF     69.34
DZ Bank AG Deutsche Zentral   3.45    8/25/2017   EUR     72.00
DekaBank Deutsche Girozentr   2.80    7/22/2019   EUR     72.41
Goldman Sachs & Co Wertpapi   3.00    3/22/2017   EUR     70.94
Credit Suisse AG/London       1.64     6/1/2042   USD     48.21
Deutsche Bank AG              7.20    3/21/2017   EUR     73.80
Deutsche Bank AG              5.20    3/21/2017   EUR     67.00
Deutsche Bank AG              5.20    3/21/2017   EUR     67.40
Deutsche Bank AG              7.20    3/21/2017   EUR     65.30
Deutsche Bank AG              7.20    3/21/2017   EUR     61.00
Deutsche Bank AG              7.20    3/21/2017   EUR     59.00
Deutsche Bank AG              7.20    3/21/2017   EUR     67.50
Deutsche Bank AG              5.20    3/21/2017   EUR     64.90
Deutsche Bank AG              5.20    3/21/2017   EUR     62.60
Deutsche Bank AG              5.20    3/21/2017   EUR     58.50
Deutsche Bank AG              7.20    3/21/2017   EUR     74.60
Deutsche Bank AG              5.20    3/21/2017   EUR     68.10
Deutsche Bank AG              5.20    3/21/2017   EUR     66.70
Deutsche Bank AG              5.20    3/21/2017   EUR     63.30
Notenstein La Roche Private   5.02    2/20/2017   CHF     74.98
BNP Paribas Emissions- und   19.00    3/23/2017   EUR     73.59
HSBC Trinkaus & Burkhardt A  10.20    3/24/2017   EUR     71.13
HSBC Trinkaus & Burkhardt A   9.40    3/24/2017   EUR     67.69
HSBC Trinkaus & Burkhardt A   7.30    3/24/2017   EUR     72.58
HSBC Trinkaus & Burkhardt A  14.60    3/24/2017   EUR     46.18
Goldman Sachs & Co Wertpapi  16.00    3/22/2017   EUR     57.39
DekaBank Deutsche Girozentr   3.10     8/4/2017   EUR     55.80
Deutsche Bank AG              3.20   11/22/2017   EUR     72.20
Deutsche Bank AG              3.20   11/22/2017   EUR     71.60
Landesbank Baden-Wuerttembe   4.50    2/24/2017   EUR     72.38
HSBC Trinkaus & Burkhardt A   7.50    3/24/2017   EUR     69.83
Landesbank Baden-Wuerttembe   5.50    2/24/2017   EUR     69.55
Bank Nederlandse Gemeenten    0.50    8/15/2022   ZAR     60.11
DekaBank Deutsche Girozentr   2.75    6/28/2019   EUR     67.35
Goldman Sachs & Co Wertpapi  10.00    3/22/2017   EUR     74.55
Goldman Sachs & Co Wertpapi  14.00    9/20/2017   EUR     70.43
Goldman Sachs & Co Wertpapi   8.00    3/22/2017   EUR     73.38
Goldman Sachs & Co Wertpapi  10.00    3/22/2017   EUR     68.44
Goldman Sachs & Co Wertpapi  12.00    9/20/2017   EUR     67.75
Goldman Sachs & Co Wertpapi  14.00    9/20/2017   EUR     73.30
Lehman Brothers Treasury Co   4.20    12/3/2008   HKD      9.63
Bank Nederlandse Gemeenten    0.50    9/20/2022   ZAR     59.49
Goldman Sachs & Co Wertpapi   9.00    9/20/2017   EUR     71.47
Credit Suisse AG/Nassau       7.00    3/22/2017   CHF     58.98
Goldman Sachs & Co Wertpapi  13.00    3/22/2017   EUR     68.82
Goldman Sachs & Co Wertpapi  16.00    3/22/2017   EUR     64.03
Goldman Sachs & Co Wertpapi  15.00    6/21/2017   EUR     67.48
Goldman Sachs & Co Wertpapi  15.00    3/22/2017   EUR     60.76
Goldman Sachs & Co Wertpapi   8.00    6/21/2017   EUR     74.66
Goldman Sachs & Co Wertpapi  10.00    6/21/2017   EUR     70.64
Goldman Sachs & Co Wertpapi  14.00    6/21/2017   EUR     64.05
Goldman Sachs & Co Wertpapi  10.00    9/20/2017   EUR     70.33
Goldman Sachs & Co Wertpapi  12.00    9/20/2017   EUR     65.90
Goldman Sachs & Co Wertpapi  17.00    3/22/2017   EUR     68.28
BNP Paribas Emissions- und    3.00   10/12/2018   EUR     66.23
Barclays Bank PLC             1.64     6/3/2041   USD     72.23
Leonteq Securities AG         5.60    9/11/2017   CHF     59.65
HSBC Trinkaus & Burkhardt A   7.80    3/24/2017   EUR     73.89
HSBC Trinkaus & Burkhardt A  10.50    3/24/2017   EUR     65.55
HSBC Trinkaus & Burkhardt A   8.20    6/23/2017   EUR     71.22
HSBC Trinkaus & Burkhardt A   7.30    3/24/2017   EUR     61.82
DekaBank Deutsche Girozentr   2.75    6/24/2019   EUR     69.60
Polski Bank Spoldzielczy w    5.29    9/14/2027   PLN     42.50
Municipality Finance PLC      0.50    5/31/2022   ZAR     60.25
Rosbank PJSC                  0.01    2/26/2025   RUB     70.00
URALSIB Leasing Co OOO       11.50     2/6/2018   RUB      0.01
Uginvestgerion OOO           12.10     4/1/2020   RUB      0.01



                            *********

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 2017.  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.


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