TCREUR_Public/170508.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, May 8, 2017, Vol. 18, No. 90


                            Headlines


C R O A T I A

AGROKOR DD: June 9 Submission Deadline Set for Creditors' Claims


F R A N C E

SMCP GROUP: Moody's Raises Corporate Family Rating to B1


G E R M A N Y

KION GROUP: Moody's Withdraws Ba1 Corporate Family Rating


G R E E C E

GREECE: Germany Says No Debt Relief Measures Being Readied


I R E L A N D

WEATHERFORD INTERNATIONAL: Reports $448 Million Net Loss for Q1


I T A L Y

ALITALIA SPA: Had Debts of EUR3 Billion as of February 28


R U S S I A

* RUSSIA: Amends Bankruptcy Statutes to Avert Bank Insolvencies


S P A I N

BANCO POPULAR: Posts Loss of EUR137 Mil. in First Quarter 2017
BANCO POPULAR VII: Moody's Affirms Caa2 Rating on Class B Notes
BANCO SABADELL: Moody's Assigns (P)B2(hyb) Rating to Tier 1 Debt


U N I T E D   K I N G D O M

MOUNTWEST PETROLEUM: Bought Out of Administration
RESIDENTIAL MORTGAGE 29: Moody's Rates Class F1 Notes Caa2
STORE TWENTY ONE: Files Notice to Appoint Administrators


X X X X X X X X

* BOND PRICING: For the Week May 1 to May 5, 2017


                            *********



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C R O A T I A
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AGROKOR DD: June 9 Submission Deadline Set for Creditors' Claims
----------------------------------------------------------------
Jasmina Kuzmanovic at Bloomberg News reports that Agrokor's
creditors have until June 9 to submit claims.

Agrokor said in an e-mail the company published procedure for
claim submission on its website, Bloomberg relates.

According to Bloomberg, Agrokor's government-appointed
commissioner Ramljak has said the extent of Agrokor's debt will
be known on June 10.

Zagreb-based Agrokor is the biggest food producer and retailer in
the Balkans, employing almost 60,000 people across the region
with annual revenue of some HRK50 billion (US$7 billion).

                            *   *   *

The Troubled Company Reporter-Europe reported on April 10, 2017,
that S&P Global Ratings said it lowered its long- and short-term
corporate credit ratings on Croatian retailer Agrokor d.d. to
'CC/C' from 'B-/B'.  The outlook is negative.  At the same time,
S&P lowered the issue rating on the senior unsecured notes to
'CC' from 'B-'.

On April 2, 2017, a spokesperson for the Agrokor group said that
the company reached an agreement with its bank creditors to
freeze debt payments.  The creditor group includes Sberbank, VTB,
and Erste Bank, which together account for most of the EUR2.5
billion loan debt for the Agrokor group, as of Sept. 30, 2016.

The TCR-Europe on March 31, 2017, reported that Moody's Investors
Service downgraded the Croatian retailer and food manufacturer
Agrokor D.D.'s corporate family rating (CFR) to Caa1 from B3 and
its probability of default rating (PDR) to Caa1-PD from B3-PD.
Moody's has also downgraded the senior unsecured rating assigned
to the notes issued by Agrokor and due in 2019 and 2020 to Caa1
from B3. The outlook on the company's ratings remains negative.

"Our downgrade of Agrokor's rating reflects Moody's views that
the company is no longer able to sustain its high level of trade
payables, which may constrain its liquidity position," says
Vincent Gusdorf, a Vice President -- Senior Analyst at Moody's.
"This comes at a time when the company has limited means to raise
additional sources of liquidity owing to its restricted access to
credit markets and its reliance on a limited number of banks."



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F R A N C E
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SMCP GROUP: Moody's Raises Corporate Family Rating to B1
--------------------------------------------------------
Moody's Investors Service has upgraded French apparel retailer
SMCP Group's corporate family rating (CFR) to B1 from B2, and
probability of default rating (PDR) to B1-PD from B2-PD.
Concurrently, Moody's has also upgraded to B1 from B2 the EUR471
million worth of senior secured notes (EUR100 million floating
rates notes due 2022 and EUR371 million fixed rates notes due
2023). The outlook on the ratings has been changed to stable from
positive.

"The upgrade reflects SMCP's continued robust organic growth and
profitability which have translated into stronger leverage and
coverage metrics", says Guillaume Leglise, a Moody's analyst for
SMCP. "We expect SMCP will maintain a solid earnings momentum and
a positive free cash flow generation in the next 12 to 18 months,
supported by the company's successful brands recognition and
strategy to open new stores abroad, notably in Asia", adds Mr
Leglise.

RATINGS RATIONALE

SMCP's B1 CFR reflects the (1) good brand recognition of SMCP
brands; (2) solid sales growth recorded in recent years,
underpinned by positive like-for-like (LFL) sales data in all
geographies and under all brands; and (3) solid profitability,
which has increased significantly in 2015-16 despite a
challenging market environment in France, its home market which
accounts for 46% of net sales.

Thanks to its solid operating performance, SMCP has reduced its
leverage since the bond refinancing completed in May 2016.
Moody's estimates SMCP's gross leverage (defined as Moody's-
adjusted debt to EBITDA) stood at around 4.1x as at end-December
2016, compared to 4.9x in FY2015 (proforma for the May-2016 bond
refinancing). The redemption of EUR37 million of the senior
secured notes completed in April 2017 will also marginally
support deleveraging in 2017. In view of the recent trends in the
company's revenues supported by new store openings mainly in
Europe (ex-France) and Asia and its stable margins, the rating
agency expects continued solid profitability growth, as proven
historically by SMCP, which will support further deleveraging in
the next 12 to 18 months.

In addition, Moody's expects SMCP will maintain a good liquidity
position, which as of 31 December 2016, comprised cash on balance
sheet amounting to EUR56 million and access to an undrawn EUR70
million covenanted revolving credit facility (RCF), expiring in
2022 (unrated). SMCP can also rely on confirmed overdraft
facilities totaling approximately EUR40 million (unrated). The
RCF is subject to a consolidated net debt to EBITDA financial
covenant under which headroom is significant, and which is tested
only if the facility is drawn by more than 25%.

However, the B1 rating is constrained by (1) SMCP's modest scale
compared to other diversified global players rated by Moody's,
its limited number of brands and its earnings concentration on
the French market, albeit mitigated by an increasing
international presence (international market accounted for 54% of
the group sales in 2016, compared to 28% in 2012); (2) SMCP's
exposure to fashion risk; and (3) the highly fragmented and
competitive nature of the apparel sector in the markets where the
company operates. In addition, the rating agency cautions that
SMCP's fast-paced expansion strategy, particularly in new
markets, creates execution risks and results in sustained high
capex which has historically constrained free cash flow
generation. Moody's nevertheless expects capex spending to remain
contained to around 5% of net sales, as seen in 2016, which will
support a positive free cash flow generation in the next 12 to 18
months.

In addition, SMCP's ratings are constrained by the weaker credit
quality of its Chinese majority shareholder, textile manufacturer
Shandong Ruyi Technology Group Co., Ltd. ("Ruyi", B2 stable) on a
standalone basis. Moody's notes that in 2016 and on a proforma
basis, SMCP generated over 15% of the consolidated revenues and
around 30% of the consolidated reported EBITDA of Ruyi. As such,
Moody's believes that SMCP is of strategic importance to its
owner and that there is some uncertainty with regards to SMCP's
financial policy and any potential need to support its parent
going forward. As a result, Moody's considers SMCP's rating to be
limited at a maximum of one notch above that of Ruyi, which is
currently rated B2 with a stable outlook.

Nonetheless, given SMCP's strong operating performance and cash
generation ability, Moody's considers indebtedness located at the
level of SMCP to be structurally senior to the debt issued by
Ruyi, which, on a standalone basis, is weaker. In addition,
covenants in the bond indenture limit the company's ability to
make certain payments, including dividends. Any dividend would be
permitted following the satisfaction of a gross leverage ratio
test, set at 2.5x (currently at 3.5x). Whilst the company is
unable to satisfy this ratio, it will have access to the
accumulating credit under the RP income basket plus carve-outs.

STRUCTURAL CONSIDERATIONS

The B1 rating on SMCP's EUR471 million senior secured notes, the
same as the CFR, reflects the fact that the notes are the largest
single component of the rated group's financial and non-financial
debt. The super senior RCF is the only other debt obligation of
the group. The notes and the revolver are both guaranteed by
certain group holding and operating companies, and benefit, on a
first-priority basis, from certain share pledges. However, under
the terms of an inter-creditor agreement the RCF ranks ahead of
the senior secured notes upon enforcement. Moody's assessment
factors in significant limitations on the enforcement of the
guarantees and collateral under French law which mean that in
practice non-debt obligations of operating subsidiaries,
including trade payables and operating lease commitments, could
rank ahead of the issuer's debt.

The PDR of B1-PD reflects the use of a 50% family recovery
assumption, consistent with a capital structure including a mix
of bond and bank debt. The capital structure has limited
covenants overall with the lenders relying only on incurrence
covenants contained in the senior secured notes indentures as
well as one maintenance covenant defined as net leverage, with
ample headroom as of today. This covenant is only tested if
outstanding borrowings under the super senior RCF are equal to or
greater than 25% of the overall commitment.

RATING OUTLOOK

The stable outlook reflects Moody's view that SMCP will deliver
continued growth in earnings driven by its international
expansion strategy, notably in Asia. Moody's expects this will
support a positive free cash flow generation and further
deleveraging in the next 18 months. The rating agency also
assumes the company will maintain a good liquidity profile
including continued access to its revolving credit facility, and
strong headroom under applicable financial covenant.

WHAT COULD CHANGE THE RATING UP/DOWN

An upgrade is unlikely in the near term in light of the upgrade.
Moreover, the lower rating assigned to SMCP's parent Ruyi (B2
stable) constrains SMCP's rating at the current level.

Moody's could consider upgrading SMCP's ratings if the company
continues its recent trajectory of profitable growth, maintains
above rated peers like-for-like sales growth and generates a
positive free cash flow leading to improved credit metrics such
as Moody's-adjusted (gross) debt/EBITDA ratio sustainably below
3.5x and Moody's-adjusted EBIT/Interest Expense ratio above 2.5x.
An upgrade would also be dependent upon confirmation of an
intention to pursue a prudent financial policy without material
acquisition or distribution to shareholders.

Conversely, SMCP's ratings could be under downward pressure if
there is evidence of a weakness in like-for-like sales growth as
a result of, for example, poor execution or deterioration in
either profitability or free cash flow generation.
Quantitatively, a Moody's-adjusted debt/EBITDA ratio approaching
4.5x and a Moody's-adjusted EBIT/Interest Expense ratio trending
towards 1.5x could trigger a downgrade.

Furthermore, Moody's cautions that a downgrade of Ruyi's CFR
could weigh on SMCP's ratings or outlook especially if there is
evidence that Ruyi's weaker credit quality could cause a change
in SMCP's financial policy including dividend payments.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Retail
Industry published in October 2015.

Headquartered in Paris, SMCP is an apparel retailer focused on
the accessible luxury segment (average item selling price is
c.EUR215) through three brands: Sandro, Maje, and Claudie
Pierlot. In the fiscal year ended 31 December 2016 SMCP recorded
net sales (before deducting concession fees) of EUR786 million
and reported an EBITDA of EUR130 million. In May 2016, a bond
financing was launched in support of the transaction under which
Chinese textile manufacturer Shandong Ruyi Technology Group Co.,
Ltd. (B2 stable) became the majority owner of SMCP (81% of the
share capital). Former majority owner, private equity firm KKR,
and the company's management retained minority stakes.


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G E R M A N Y
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KION GROUP: Moody's Withdraws Ba1 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service has withdrawn all ratings of KION Group
AG. At the time of withdrawal, the ratings were: corporate family
rating of Ba1 and probability of default rating of Ba1-PD. The
ratings have had a negative outlook.

Moody's has withdrawn the ratings for its own business reasons.

Headquartered in Wiesbaden, Germany, KION Group AG supplies
forklift trucks, warehouse trucks and associated services and
solutions for logistics, warehouse management and automation.
During 2016, KION generated revenues of around EUR5.6 billion
with a workforce of around 30,500 employees. KION is a publicly
listed company with market capitalization of around EUR6.9
billion as of May 2, 2017. Its largest shareholder is Chinese
engineering group Weichai Power (unrated), holding around 43.3%
following the capital increase in July 2016, with the remainder
being in free float.


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G R E E C E
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GREECE: Germany Says No Debt Relief Measures Being Readied
----------------------------------------------------------
Reuters reports that no debt relief measures are being readied
for Greece, Germany's Finance Ministry said on May 4 after the
Handelsblatt business daily reported measures were under
consideration.

The implementation of reforms that Greece agreed to in return for
aid would help ensure the sustainability of the country's debt,
the ministry said in a statement e-mailed to Reuters.

Regarding possible debt measures, a clear agreement was reached
in a statement by the Eurogroup of euro zone finance ministers
last May, Reuters relates.

"According to that, after the full implementation of the
adjustment programme, there will be an assessment of whether debt
measures are necessary.  That still applies," Reuters quotes the
ministry as saying.

Earlier, Handelsblatt reported that Greece's international
lenders were preparing possible debt relief for Athens for
discussion by the finance ministers, Reuters relays.

The European Commission, the ESM euro zone rescue fund, the
European Central Bank and the International Monetary Fund (IMF)
had prepared various debt measures in a document to be sent to
the Eurogroup for further discussion, it said, citing people
familiar with the document, Reuters notes.

An EU source told Reuters the document was originally a paper by
the ESM, not all four institutions, and had been modified on the
way to the version Handelsblatt saw.

"It lays down several options for the restructuring of Greek debt
and specifies possibilities which were given by the Eurogroup
last May.  One of the options still is that ESM would take debt
from IMF," the source, as cited by Reuters, said.

"It is not clear yet if the IMF would agree on that."


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I R E L A N D
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WEATHERFORD INTERNATIONAL: Reports $448 Million Net Loss for Q1
---------------------------------------------------------------
Weatherford International public limited company filed with the
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss attributable to the Company of $448
million on $1.38 billion of total revenues for the three months
ended March 31, 2017, compared to a net loss attributable to the
Company of $498 million on $1.58 billion of total revenues for
the three months ended March 31, 2016.

As of March 31, 2017, Weatherford had $12.16 billion in total
assets, $10.47 billion in total liabilities and $1.69 billion in
total shareholders' equity.

Mark A. McCollum, president and chief executive officer,
commented, "I am honored to have the opportunity to lead
Weatherford, an organization with a reputation for exceptional
technologies and collaborative customer relationships, a strong
global market presence and a high-caliber, diverse workforce.
Building on a rich base of opportunities, I look forward to
guiding our Company to reach its full potential."

"In our next chapter, we intend to intensely focus on execution
and process discipline, which will serve as our cornerstones for
improved profitability and returns.  As we emerge from the worst
downturn in oilfield history, there has never been a more
important time for collaboration across our organization as well
as with our clients, reinforcing our commitment to being a
trusted business partner to those we serve.  Guided by our core
values of ethics, integrity and accountability, we will challenge
ourselves to consistently deliver greater value for our customers
and our shareholders."

McCollum continued, "Our recently announced joint venture with
Schlumberger, OneStimSM, will offer a significant North America
land-based multistage completions portfolio combined with one of
the largest hydraulic fracturing fleets in the industry for the
development of unconventional resource plays in land markets in
the United States and Canada.  This agreement enables us to take
another step toward improving our balance sheet and strengthening
our returns.  It also confirms our commitment to creating
strategic partnerships, sharing resources and capabilities to
develop new technologies and achieve critical mass as a means to
provide our clients with the lowest cost per barrel."

"Our highest priority will be to improve and strengthen our
balance sheet.  Through more disciplined cost management, we will
continue to streamline our operations, becoming a more efficient
and leaner organization.  This includes the completion of the
OneStim joint venture and the divestiture of our Land Drilling
Rigs business.  Delivering heightened service quality and
reliability will position our Company on a solid path toward
long-term profitability.  Improved profitability will in turn
drive cash flow, and stronger cash flow will improve our balance
sheet. We realize the responsibility of being good stewards and
recognize that there is work to be done to earn your trust and
confidence. We are committed to meaningfully improving our
returns and increasing shareholder value."

Net cash used in operating activities was $179 million for the
first quarter of 2017, including $144 million of debt interest
payments, $43 million of cash severance and restructuring costs,
and $30 million of SEC legal settlement costs, partially offset
by reductions in working capital balances totaling $3 million.
Capital expenditures of $40 million decreased by $28 million or
41% sequentially, and decreased $3 million or 7% from the same
quarter in the prior year.  In January 2017, the Company
purchased certain leased equipment utilized in our North America
pressure pumping business for a total amount of $240 million,
which upon the closing of the transaction, will be contributed to
the OneStim SM joint venture.  As of March 31, 2017, the Company
remained in compliance with our financial covenants as defined in
its revolving and secured term loan credit facilities.  Based on
the Company's current financial projections, the Company believes
that it will remain in compliance with these covenants for the
remainder of 2017.

A full-text copy of the Form 10-Q is available for free at:

                    https://is.gd/bzeyOp

                     About Weatherford

Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest
multinational oilfield service companies providing innovative
solutions, technology and services to the oil and gas industry.
The Company operates in over 100 countries and has a network of
approximately 1,000 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 31,000 people.

Weatherford International reported a net loss attributable to the
Company of $3.39 billion on $5.74 billion of total revenues for
the year ended Dec. 31, 2016, compared to a net loss attributable
to the Company of $1.98 billion on $9.43 billion of total
revenues for the year ended Dec. 31, 2015.  As of Dec. 31, 2016,
Weatherford had $12.66 billion in total assets, $10.59 billion in
total liabilities and $2.06 billion in total shareholders'
equity.

                       *     *     *

In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.

In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'.  "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.


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I T A L Y
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ALITALIA SPA: Had Debts of EUR3 Billion as of February 28
---------------------------------------------------------
Agnieszka Flak and Alberto Sisto at Reuters report that Italy's
government said loss-making airline Alitalia, which asked to be
put under special administration on May 2, had debts of around
EUR3 billion (US$3.3 billion) as of Feb. 28.

In a document marking the opening of the special administration
process and the appointment of three commissioners that will run
the airline from now on, the government said on May 6 Alitalia
had current liabilities of around EUR2.3 billion and assets worth
EUR921 million, Reuters relates.

Alitalia, 49% owned by Etihad Airways, has filed to be put under
special administration for the second time in less than a decade
after workers rejected its latest rescue plan, starting a process
that will lead to the carrier being overhauled, sold off or wound
up, Reuters discloses.

                         About Alitalia

Alitalia-Compagnia Aerea Italiana has navigated its way through
a successful restructuring.  After filing for bankruptcy
protection in 2008, Alitalia found additional investors, acquired
rival airline Air One, and re-emerged as Italy's leading airline
in early 2009.  Operating a fleet of about 150 aircraft, the
airline now serves more than 75 national and international
destinations from hubs in Fiumicino (Rome), Milan, Turin, Venice,
Naples, and Catania.  Alitalia extends its network as a member of
the SkyTeam code-sharing and marketing alliance, which also
includes Air France, Delta Air Lines, and KLM.  An Italian
investor group owns a majority of the company, while Air France-
KLM owns 25%.


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R U S S I A
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* RUSSIA: Amends Bankruptcy Statutes to Avert Bank Insolvencies
---------------------------------------------------------------
Sergei Blagov at Bloomberg BNA reports that the presidential
press service said in a statement Russia has given its central
bank new tools to help prevent insolvencies in its banking
system.

President Vladimir Putin amended the country's bankruptcy
statutes by signing into law Federal Law N. 84-FZ, Bloomberg BNA
relates.

According to Bloomberg BNA, specifically, the change amends
Article 189 of Federal Law No. 127-FZ on insolvency by allowing
the Russian Central Bank to create a Consolidation Fund and a
separate management arm.

The management entity can serve as interim management of a
distressed bank, allowing the Central Bank, if necessary, to
freeze claims against the financial institution for up to three
months, Bloomberg BNA discloses.

The legislative amendments were adopted last month by the
State Duma, the lower house of Parliament, The Federation
Council, the upper house, followed suit, Bloomberg BNA recounts.

The changes take effect June 15, Bloomberg BNA notes.



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S P A I N
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BANCO POPULAR: Posts Loss of EUR137 Mil. in First Quarter 2017
--------------------------------------------------------------
Tobias Buck at The Financial Times reports that Banco Popular
unveiled a first-quarter loss of EUR137 million on May 5, as the
troubled Spanish lender was once again forced to raise provisions
for its toxic real-estate portfolio.

Madrid-based group is seen as the weakest link in the Spanish
banking system, amid speculation that the only way forward for
Popular is either a massive capital increase or a sale, the FT
notes.  The bank posted a EUR3.5 billion loss last year, the FT
recounts.

Emilio Saracho, a former JPMorgan banker who was brought in as
chairman in February, has indicated he will eventually try and
raise capital, but only after boosting the bank's capital
position through disposals, the FT relates.

Analysts estimate that Popular could need as much as EUR4 billion
in fresh equity -- significantly more than its current market
value of EUR2.9 billion, the FT discloses.  The lender pushed
through a EUR2.5 billion capital increase only last year, the FT
relays.

Popular executives, as cited by the FT, said on May 5 that they
were under no pressure from regulators, and that the bank's core
business was performing well.

But there were signs that at least some people are turning their
backs on the franchise, with total customer deposits falling 5%
to EUR78.9 billion in the first quarter, the FT states.

In the three months to March, Popular recorded a net loss of
EUR137.1 million, compared with a profit of EUR93.6 in the same
period last yearm the FT discloses.

The main cause of Popular's loss was the need to set aside EUR496
million in fresh provisions, an increase of 70% on the same
period last year, the FT notes.


BANCO POPULAR VII: Moody's Affirms Caa2 Rating on Class B Notes
---------------------------------------------------------------
Moody's Investors Service has downgraded the rating of Class A
Notes and affirmed Class B Notes on IM Grupo Banco Popular
Empresas VII, FT.

  EUR1825M Class A Notes, Downgraded to Baa1 (sf); previously on
  Dec 2, 2016 Definitive Rating Assigned A3 (sf)

  EUR675M Class B Notes, Affirmed Caa2 (sf); previously on Dec 2,
  2016 Definitive Rating Assigned Caa2 (sf)

IM Grupo Banco Popular Empresas VII, FT is a revolving cash
securitisation of loans originated by Banco Popular Espanol, S.A.
("Banco Popular") and Banco Pastor S.A.U., both entities
belonging to Grupo Banco Popular. The portfolio consist of
unsecured loans extended to small and medium-sized enterprises
(SME) and self-employed individuals located in Spain.

RATINGS RATIONALE

The rating action is prompted by the downgrade of Banco Popular
long term deposit rating to Ba3 negative from Ba1 and the
downgrade of its Counterparty Risk (CR) assessment to Ba2(cr)
from Baa3(cr) on 21 April 2017 (see "Moody's downgrades Banco
Popular's senior unsecured debt ratings to B1 and deposit ratings
to Ba3; outlook negative"). Given the exposure of IM Grupo Banco
Popular Empresas VII, FT to Banco Popular, the Bank's downgrade
has increased commingling risk and issuer account bank risk in
the transaction.

Increased Commingling and issuer account bank risk:

Banco Popular acts as both Servicer and Issuer Account Bank for
IM Grupo Banco Popular Empresas VII, FT. The amounts held under
the name of the issuer with Banco Popular as account holder
consist of the reserve fund and any non-invested collections up
to EUR 425milliom. The bank's downgrade has negatively affected
this transaction, as the downgrade of the CR to Ba2(cr) from
Baa3(cr) and the downgrade of the long-term deposit rating to Ba3
negative from Ba1 have increased commingling risk and issuer
account bank risk respectively.

Revision of key colateral assumptions:

As part of the rating action, Moody's reassessed its default
probabilities (DP) as well as recovery rate (RR) assumptions
based on updated loan by loan data on the underlying pools and
delinquency, default and recovery ratio update. Moody's
maintained its DP on current balance and Recovery rate
assumptions due to pool performances in line with expectations.

Exposure to counterparties:

Moody's considered how the liquidity available in the
transactions and other mitigants support continuity of notes
payments, in case of servicer default, using the CR Assessment as
a reference point for servicers. The rating of the Class A Notes
are not constrained by operational risk. Moody's considers that
the current back-up servicer facilitator and cash management
arrangements as well as the liquidity available are sufficient to
support payments in the event of servicer disruption.

There is no swap exposure in IM Grupo Banco Popular Empresas VII,
FT.

Principal Methodology:

The principal methodology used in these ratings was "Moody's
Global Approach to Rating SME Balance Sheet Securitizations"
published in October 2015.

Factors that would lead to an upgrade or downgrade of the
ratings:

Factors or circumstances that could lead to an upgrade of the
ratings include: (1) performance of the underlying collateral
that is better than Moody's expected, (2) deleveraging of the
capital structure, (3) improvements in the credit quality of the
transaction counterparties, and (4) reduction in sovereign risk.

Factors or circumstances that could lead to a downgrade of the
ratings include: (1) performance of the underlying collateral
that is worse than Moody's expected, (2) deterioration in the
notes' available credit enhancement, (3) deterioration in the
credit quality of the transaction counterparties, and (4) an
increase in sovereign risk.


BANCO SABADELL: Moody's Assigns (P)B2(hyb) Rating to Tier 1 Debt
----------------------------------------------------------------
Moody's Investors Service has assigned a (P)B2(hyb) rating to the
Additional Tier 1 non-viability contingent capital securities to
be issued by Banco Sabadell, S.A. (Banco Sabadell) (Baa2/Baa3
stable, ba2).

The (P)B2(hyb) rating assigned to the notes is based on Banco
Sabadell's standalone creditworthiness and is positioned three
notches below the bank's ba2 adjusted baseline credit assessment
(BCA): one notch below to reflect high loss severity under
Moody's Advanced Loss Given Failure (LGF) analysis; and a further
two notches below to reflect the higher payment risk associated
with the non-cumulative coupon skip mechanism, as well as the
probability of the bank-wide failure. The LGF analysis also takes
into consideration the conversion feature, in combination with
the Tier 1 notes' deeply subordinated claim in liquidation.

Moody's issues provisional ratings in advance of the final
issuance. These ratings represent the rating agency's preliminary
credit opinion. A definitive rating may differ from a provisional
rating if the terms and conditions of the final issuance are
materially different from those of the draft prospectus reviewed.

RATINGS RATIONALE

According to Moody's framework for rating non-viability
securities under its bank rating methodology, the agency
typically positions the rating of Additional Tier 1 securities
three notches below the bank's adjusted BCA. One notch reflects
the high loss-given-failure that these securities are likely to
face in a resolution scenario, due to their deep subordination,
small volume and limited protection from residual equity. Moody's
also incorporates two additional notches to reflect the higher
risk associated with the non-cumulative coupon skip mechanism,
which could precede the bank reaching the point of non-viability.

The notes are unsecured and perpetual, subordinated to
unsubordinated and subordinated instruments that do not
constitute AT1 capital, and senior to ordinary shares. They have
a non-cumulative optional and a mandatory coupon-suspension
mechanism. A conversion into common shares is triggered if the
group's transitional Common Equity Tier 1 (CET1) capital ratio
falls below 5.125%, which Moody's views as close to the point of
non-viability. At 31 March 2017, Banco Sabadell's consolidated
CET1 ratio stood at 11.94%, while its standalone CET1 ratio stood
at 14.91% (at 31 December 2016, latest available data).

WHAT COULD CHANGE THE RATING UP/DOWN

Any changes in the ba2 adjusted BCA of the bank would likely
result in changes to the (P)B2(hyb) rating assigned to these
securities. In addition, any increase in the probability of a
coupon suspension would also lead us to reconsider the rating
level.

Upward pressure on Banco Sabadell's BCA could be driven by a
further sustained improvement on its key financial metrics.
Conversely, downward pressure on the bank's standalone BCA could
arise if Banco Sabadell's credit profile weakens as a consequence
of an unexpected deterioration of any of its financial
fundamentals.

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Banks published
in January 2016.


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


MOUNTWEST PETROLEUM: Bought Out of Administration
-------------------------------------------------
Scott Reid at The Scotsman reports that staff at Mountwest
Petroleum Engineering have been saved from redundancy after it
was bought out of administration in a pre-pack deal.

The company had been placed in administration after suffering the
effects of the prolonged downturn in the North Sea, The Scotsman
relates.

The business and assets were immediately sold to a new company,
Mountwest Petroleum, retaining 18 members of staff, with one
director leaving, The Scotsman discloses.

Mountwest Petroleum will now be operated by Independent Oil Tools
Group, a subsidiary of Petrolia SE, The Scotsman notes.

According to The Scotsman, the business will continue to trade
from premises on Kirkton Industrial Estate in Arbroath.

Mountwest Petroleum Engineering is an Arbroath-based oil and gas
services firm.


RESIDENTIAL MORTGAGE 29: Moody's Rates Class F1 Notes Caa2
----------------------------------------------------------
Moody's Investors Service has assigned definitive credit ratings
to the following notes issued by Residential Mortgage Securities
29 Plc ("RMS 29"):

GBP359.43 million Class A Floating Rate Notes due December 2046,
Definitive Rating Assigned Aaa (sf)

GBP 47.92 million Class B Floating Rate Notes due December 2046,
Definitive Rating Assigned Aa2 (sf)

GBP 19.96 million Class C Floating Rate Notes due December 2046,
Definitive Rating Assigned A2 (sf)

GBP 27.95 million Class D Floating Rate Notes due December 2046,
Definitive Rating Assigned Baa2 (sf)

GBP 21.30 million Class E Floating Rate Notes due December 2046,
Definitive Rating Assigned Ba3 (sf)

GBP 11.98M million Class F1 Floating Rate Notes due December
2046, Definitive Rating Assigned Caa2 (sf)

The GBP 15.97 million Class F2 Notes due December 2046, the
GBP27.99 million Class F3 Notes due December 2046, the GBP37.27
million Class X1 Notes due December 2046, the GBP7.99 million
Class X2 Notes due December 2046, the GBP15.98 million Class Z
Notes due December 2046 and Certificates have not been rated by
Moody's.

The portfolio backing this transaction consists of UK
non-conforming residential loans primarily originated by Money
Partners Loans Limited, Kensington Mortgage Company Limited and
Kensington Personal Loans and their affiliates, which were part
of the Kensington group. A small fraction of the loans in the
portfolio (2.1%) were acquired from third party originators,
including DB UK Bank Limited trading as DB Mortgages, Edeus
Mortgage Creators Limited, GMAC-RFC Limited, Infinity Mortgages
Limited, Mortgages PLC, Preferred Mortgages Limited and Southern
Pacific Mortgages Limited. The portfolio is serviced by Homeloan
Management Limited ("HML") at closing, with servicing of the
portfolio expected to move to Acenden Limited shortly after
closing.

At closing, Kensington Mortgage Company Limited sold the
portfolio to Kayl PL S.a.r.l. (the "Seller", not rated). In turn
the Seller, sold the portfolio to RMS 29.

Moody's assigned provisional ratings to these notes on March 24,
2017.

RATINGS RATIONALE

The ratings of the notes take into account, among other factors:
(1) the historical performance of the collateral; (2) the credit
quality of the underlying mortgage loan pool, (3) the level of
arrears in the pool and (4) the initial credit enhancement
provided to the senior notes by the junior notes and the reserve
fund.

-- Expected Loss and MILAN CE Analysis

Moody's determined the MILAN credit enhancement (MILAN CE) and
the portfolio's expected loss (EL) based on the pool's credit
quality. The expected portfolio loss (EL) of 12% and the MILAN CE
of 33% serve as input parameters for Moody's cash flow and
tranching model, which is based on a probabilistic lognormal
distribution. The MILAN CE reflects the loss Moody's expects the
portfolio to suffer in the event of a severe recession scenario.

The key drivers for the MILAN CE, which is higher than the UK
non-conforming sector average and is based on Moody's assessment
of the loan-by-loan information are: (i) the high WA current
unindexed LTV of 76.0%, (ii) the presence of 64.7% loans where
the borrowers self-certified their income, (iii) borrowers with
adverse credit history with 23.3% of the pool containing
borrowers with CCJ's, (iv) the weighted average seasoning of the
pool of 11.0 years, (v) the level of arrears of around 52.4%
(including all technical arrears) at the end of February 2017, of
which 22.2% are 90+ days in arrears, and (vi) presence of 7.1% of
second lien loans and 41.6% of restructured loans in the
portfolio, although these are largely legacy restructurings as
only 1.0% of the portfolio contains loans which have been
restructured after 2012.

The key drivers for the portfolio's expected loss, which is
higher than the UK non-conforming sector average and is based on
Moody's assessment of the lifetime loss expectation, are: (1)
observed performance of mortgages, from which a substantial
proportion in RMS 29 (about 60.0% by current balance) has been
previously securitised in transactions rated by Moody's including
Residential Mortgage Securities 19 Plc ("RMS 19"), Residential
Mortgage Securities Plc 20 ("RMS 20"), Money Partners Securities
2 Plc ("MPS 2"), Money Partners Securities 3 Plc ("MPS 3") as
well as about 8.1% by current balance has been previously
securitised in Money Partners Securities 1 Plc ("MPS 1") which
was not rated by Moody's (2) the performance of previous
Kensington originations as well as the performance this
portfolio; (3) benchmarking with comparable transactions in the
UK non-conforming market; (4) the levels of delinquencies in the
pool together with roll rate analysis; and (5) the current
economic conditions in the UK and the potential impact of future
interest rate rises and inflation on the performance of the
mortgage loans.

-- Operational Risk Analysis

Kensington Mortgage Company Limited ("KMC", not rated) acts as
the servicer. KMC sub-delegates certain primary servicing
obligations to HML. HML's sub-delegation responsibilities are
expected to move to Acenden Limited later this year. In order to
mitigate the operational risk, Capita Trust Corporate Limited
(not rated) acts as back-up servicer facilitator, and Wells Fargo
Bank, N.A. (Aa2/P-1) acts as a back up cash manager from close.
To ensure payment continuity over the transaction's lifetime the
transaction documents incorporate estimation language whereby the
cash manager can use the three most recent servicer reports to
determine the cash allocation in case no servicer report is
available.

-- Transaction structure

At close, a General Reserve Fund has been established, which
equals to 3.5% of the initial portfolio size (around GBP18.6
million) until the June 2019 interest payment date at which point
it will reduce down to 3.0% of the initial portfolio size (around
GBP16.0 million). The reserve fund is fully funded at closing,
will step down in June 2019 and will then remain at this amount
until the Classes A to F2 have been redeemed in full and
thereafter the reserve fund required amount will fall to GBP0. In
addition the transaction benefits from a Liquidity Reserve Fund,
which is not funded at closing, but only if the General Reserve
Fund falls to below 2.0% of the Class A to F3 Outstanding
Balance. In that case, the Liquidity Reserve Fund Required Amount
will increase to 4.0% of the Class A aggregate outstanding
balance for the life of the transaction, which will be funded
through the principal waterfall. Drawings on the Liquidity
Reserve Fund to pay interest will create a PDL. The topping up of
the Liquidity Reserve up to the Required Amount will not create a
PDL. In addition, Moody's notes that unpaid interest on the Class
B, C, D, E and F1 is deferrable. Non-payment of interest on the
Class A notes constitutes an event of default.

Principal to pay interest mechanism is always available to pay
interest on the Class A notes. After the Class A notes are paid
in full, principal can be used to pay interest on the most senior
note outstanding. The reserve fund is a source of liquidity to
all rated notes (although it may only be used for the F1 notes
after the Class E notes are paid in full). In addition the Class
A notes benefit from a Liquidity Reserve Fund.

-- Interest Rate Risk Analysis

There are two main forms of SVR linked-loans, KVR and MVR. Under
the servicing agreement, the servicer must set SVR at least equal
to LIBOR plus a fixed margin of 2.5% and 1.5% for the KVR and MVR
respectively. There are no swaps in the transaction to hedge
these rates to LIBOR. Moody's has modelled the spread taking into
account the minimum margin covenants. However, due to uncertainty
on enforceability of this covenant, Moody's has performed
stressed analysis for the interest rate reset scenario.

-- Parameter Sensitivities

Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's structured finance security may vary if certain input
parameters used in the initial rating process differed. The
analysis assumes that the deal has not aged and is not intended
to measure how the rating of the security might migrate over
time, but rather how the initial rating of the security might
have differed if key rating input parameters were varied.
Parameter Sensitivities for the typical EMEA RMBS transaction are
calculated by stressing key variable inputs in Moody's primary
rating model. If the portfolio expected loss was increased from
12.0% of current balance to 21.0% of current balance, and the
MILAN Credit Enhancement remained at 33.0%, the model output
indicates that the Class A would still achieve Aaa assuming that
all other factors remained equal.

Factors that would lead to an upgrade or downgrade of the
ratings:

Factors that would lead to a downgrade of the ratings include
economic conditions being worse than forecast resulting in worse-
than-expected performance of the underlying collateral,
deterioration in the credit quality of the counterparties and
unforeseen legal or regulatory changes.

Factors that would lead to an upgrade of the ratings include
economic conditions being better than forecast resulting in
better-than-expected performance of the underlying collateral.

The ratings address the expected loss posed to investors by the
legal final maturity of the notes. In Moody's opinion the
structure allows for timely payment of interest and ultimate
payment of principal at par on or before the rated final legal
maturity date for all rated notes. Moody's ratings only address
the credit risk associated with the transaction. Other non-credit
risks have not been addressed, but may have a significant effect
on yield to investors.

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
September 2016.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.


STORE TWENTY ONE: Files Notice to Appoint Administrators
--------------------------------------------------------
Luke Tugby at Retail Week reports that Store Twenty One has filed
a notice of intention to appoint administrators after defaulting
on rent payments.

According to Retail Week, around 1,000 jobs hang in the balance
at the embattled fashion retailer as it races against the clock
to secure additional investment.

And Retail Week has learned that the future of dozens more retail
roles has been thrown into doubt after home furnishings business
Linens Direct filed a similar notice of intention to appoint
administrators.

Store Twenty One struck a rescue deal with creditors last July
through a company voluntary arrangement (CVA), which allowed it
to shutter 77 of its 202 shops and slash rents on a further 17 by
25%, Retail Week recounts.

Landlords of more than 80 other stores were also asked to accept
monthly rents rather than quarterly payments, Retail Week notes.

But according to documentation seen by Retail Week, Store Twenty
One has fallen behind on those monthly contributions to the CVA
and was presented with a winding up petition by HMRC on April 12
in relation to unpaid taxes.

The firm drafted in by Store Twenty One last year to help
restructure the business -- rental payments that were due to be
paid to landlords on March 22 and April 22 "remain outstanding",
Retail Week relays, citing a letter sent to creditors by Alix
Partners.

The letter adds that the retailer is "in discussions with its
lenders with a view to seeking additional finance to ensure the
ongoing viability of the business and continuation of the CVA",
according to Retail Week.

However, the document states that the retailer's directors have
"taken steps to appoint administrators", which therefore
"prevents creditors from taking enforcement action against the
company", Retail Week notes.

Store Twenty One is understood to have submitted the application
to court on April 28, with a hearing date now set for May 26,
Retail Week relays.

The fashion chain's struggles come amid a turbulent start to 2017
as retailers battle to adapt to the rise of online, increasing
labor costs and the tumbling value of the pound following the
Brexit vote, Retail Week discloses.


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


* BOND PRICING: For the Week May 1 to May 5, 2017
-------------------------------------------------

Issuer                     Coupon    Maturity  Currency Price
------                     ------    --------  -------- -----
Agrokor dd                   9.88    5/1/2019    EUR    36.48
Agrokor dd                   8.88    2/1/2020    USD    36.63
QGOG Constellation SA        6.25   11/9/2019    USD    70.55
Rickmers Holding AG          8.88   6/11/2018    EUR     4.64
Co-Operative Bank PLC/Uni   11.00  12/20/2023    GBP    38.00
Oi Brasil Holdings Cooper    5.75   2/10/2022    USD    34.00
Aegon NV                     0.60                EUR    67.12
Offshore Drilling Holding    8.38   9/20/2020    USD    41.63
Intelsat Luxembourg SA       7.75    6/1/2021    USD    58.85
Banque Federative du Cred    0.90                EUR    68.37
Co-Operative Bank PLC/Uni    8.50    7/1/2025    GBP    29.81
ING Groep NV                 1.10                EUR    73.99
Agrokor dd Via Aquarius +    4.92    8/8/2017    EUR    30.63
Frigoglass Finance BV        8.25   5/15/2018    EUR    62.00
Ensco PLC                    5.75   10/1/2044    USD    73.42
ING Groep NV                 0.70                EUR    71.18
Casino Guichard Perrachon    1.69                EUR    67.18
Portugal Telecom Internat    4.63    5/8/2020    EUR    32.02
Banca Popolare di Vicenza    2.82  12/20/2017    EUR    12.33
Alitalia-Societa' Aerea I    5.25   7/30/2020    EUR    45.50
Immigon Portfolioabbau AG   10.00                EUR    17.63
Banca Popolare di Vicenza    9.50   9/29/2025    EUR    15.50
Neopost SA                   3.38                EUR    58.13
Intelsat Luxembourg SA       8.13    6/1/2023    USD    58.86
Mitsubishi UFJ Investor S    4.17  12/15/2050    EUR    49.92
CGG SA                       5.88   5/15/2020    EUR    46.63
Privatbank CJSC Via UK SP   10.25   1/23/2018    USD    24.04
Santander International P    2.00                USD    67.00
Veneto Banca SpA             9.50   12/1/2025    EUR    15.00
AXA SA                       0.54                EUR    70.42
Veneto Banca SpA             0.72   6/21/2017    EUR    30.00
Portugal Telecom Internat    5.88   4/17/2018    EUR    32.88
Portugal Telecom Internat    5.00   11/4/2019    EUR    33.23
HSH Nordbank AG              7.25                USD    27.04
CNP Assurances               1.27                EUR    70.45
BPCE SA                      0.72                EUR    74.21
Ageasfinlux SA               1.02                EUR    56.25
Far East Capital Ltd SA      8.00    5/2/2018    USD    68.75
Johnston Press Bond Plc      8.63    6/1/2019    GBP    63.76
Rothschilds Continuation     1.46                EUR    71.46
Pacific Drilling SA          5.38    6/1/2020    USD    51.25
HSH Nordbank AG/Luxembour    2.10                EUR    19.71
Agrokor dd                   8.88    2/1/2020    USD    36.68
Banco Espirito Santo SA      2.63    5/8/2017    EUR    29.53
Novo Banco SA                3.50    1/2/2043    EUR    59.09
Air France-KLM               2.03   2/15/2023    EUR    11.34
UkrLandFarming PLC          10.88   3/26/2018    USD    32.40
Banca Carige SpA             8.34                EUR    24.63
OAS Investments GmbH         8.25  10/19/2019    USD     5.10
Oi Brasil Holdings Cooper    5.63   6/22/2021    EUR    33.56
CGG SA                       6.50    6/1/2021    USD    48.50
ADLER Real Estate AG         2.50   7/19/2021    EUR    15.20
AXA SA                       0.88                EUR    74.71
CGG SA                       1.75    1/1/2020    EUR     2.53
Scholz Holding Gmbh          8.50  12/31/2019    EUR    10.38
Portugal Telecom Internat    4.50   6/16/2025    EUR    32.95
Caisse Federale du Credit    0.89                EUR    71.14
WPE International Coopera   10.38   9/30/2020    USD    18.50
Mitsubishi UFJ Investor S    3.92  12/30/2099    EUR     4.25
Brunswick Rail Finance De    6.50   11/1/2017    USD    72.50
Banco Espirito Santo SA      4.00   1/21/2019    EUR    27.50
Bilt Paper BV                9.64                USD    33.50
Portugal Telecom Internat    6.25   7/26/2016    EUR    32.58
Solarworld AG                9.67   2/24/2019    EUR    55.33
BNP Paribas SA               1.49                USD    70.94
BNP Paribas SA               1.15                EUR    66.04
Credit Mutuel Arkea SA       0.79                EUR    70.73
Waste Italia SpA            10.50  11/15/2019    EUR    17.13
CGG SA                       1.25    1/1/2019    EUR    24.12
Agrokor dd                   9.88    5/1/2019    EUR    37.31
Banca Carige SpA             7.32  12/20/2020    EUR    53.07
Econocom Group SA/NV         1.50   1/15/2019    EUR    13.81
Sapinda Invest SARL          5.00   6/30/2019    EUR    30.00
Aegon NV                     1.51                NLG    67.65
Banca Monte dei Paschi di    0.67  11/30/2017    EUR    37.40
Nordea Bank AB               1.50                USD    73.47
Banca Monte dei Paschi di    2.29   5/15/2018    EUR    35.60
Banca Monte dei Paschi di    5.00   4/21/2020    EUR    35.68
Jyske Bank A/S               0.84                EUR    71.81
OGX Austria GmbH             8.50    6/1/2018    USD     0.01
Bibby Offshore Services P    7.50   6/15/2021    GBP    60.13
Eramet                       4.00                EUR    43.42
Fuerstenberg Capital Erst    1.45                EUR    65.67
Banco Espirito Santo SA      7.13  11/28/2023    EUR     0.20
Yuksel Insaat AS             9.50  11/10/2015    USD    20.63
IMMOFINANZ AG                4.25    3/8/2018    EUR     4.38
Rothschilds Continuation     1.69                USD    62.60
Banco Espirito Santo SA      4.75   1/15/2018    EUR    27.38
SOITEC                       6.75   9/18/2018    EUR     2.93
Novo Banco SA                3.00   6/21/2022    USD    73.97
Privatbank CJSC Via UK SP   11.00    2/9/2021    USD    12.88
CEVA Group PLC               9.00    9/1/2021    USD    71.63
CGG SA                       6.88   1/15/2022    USD    46.50
Agrokor dd                   9.13    2/1/2020    EUR    36.87
Mriya Agro Holding PLC       9.45   4/19/2018    USD     4.00
Societe Generale SA          1.38                USD    71.75
ATF Capital BV               8.58                USD    69.44
Rudolf Woehrl AG             6.50   2/12/2018    EUR    14.50
Jyske Bank A/S               1.05                EUR    72.35
BIM SAS                      2.50  11/13/2020    EUR    26.82
Havila Shipping ASA          5.43   11/7/2020    NOK    66.00
NIBC Bank NV                 2.46                USD    73.58
Sanha GmbH & Co KG           7.75    6/4/2018    EUR    60.38
Popular Capital SA           0.93                EUR    58.13
Sydbank A/S                  0.85                EUR    71.00
syncreon Group BV / syncr    8.63   11/1/2021    USD    72.25
Far East Capital Ltd SA      8.75    5/2/2020    USD    64.51
Nexity SA                    0.13    1/1/2023    EUR    64.78
Alno AG                      8.50   5/14/2018    EUR    44.63
Norske Skog Holding AS       8.00   2/24/2021    EUR    52.12
Sydbank A/S                  0.77                EUR    74.38
Pierre & Vacances SA         3.50   10/1/2019    EUR    44.93
Virgolino de Oliveira Fin   10.50   1/28/2018    USD     7.51
3W Power SA                  8.00   8/29/2019    EUR    39.75
Allied Irish Banks PLC      12.50   6/25/2035    GBP    71.50
Paragon Offshore PLC         6.75   7/15/2022    USD    18.75
KTG Agrar SE                 7.13    6/6/2017    EUR     2.15
Novo Banco SA                3.50   1/23/2043    EUR    59.21
Matalan Finance PLC          8.88    6/1/2020    GBP    67.38
Solarworld AG                9.67   2/24/2019    EUR    50.10
Novo Banco SA                3.50   2/19/2043    EUR    59.21
IKB Deutsche Industrieban    5.63    8/1/2017    EUR    37.00
Sequa Petroleum NV           5.00   4/29/2020    USD    69.00
Banca Popolare di Vicenza    4.97   4/20/2027    EUR    43.63
Norske Skogindustrier ASA    2.00  12/30/2115    EUR    22.63
Beate Uhse AG                7.75    7/9/2019    EUR    18.25
Candyking Holding AB         5.00   1/29/2018    SEK    46.88
SeniVita Sozial gemeinnue    7.00                EUR    66.50
NIBC Bank NV                 0.91                EUR    68.31
Privatbank CJSC Via UK SP   10.88   2/28/2018    USD    22.01
Lambay Capital Securities    6.25                GBP     1.23
QGOG Constellation SA        6.25   11/9/2019    USD    70.50
OSX 3 Leasing BV            13.00   3/20/2015    USD    33.50
Electromagnetic Geoservic    6.96   6/27/2019    NOK    67.63
German Pellets GmbH          7.25  11/27/2019    EUR     0.63
DNB Bank ASA                 1.53                USD    70.69
Orient Express Bank PJSC    12.00   5/29/2019    USD    55.00
European Directories Bond    7.00   12/9/2018    EUR    66.00
Banca Carige SpA             2.77   6/19/2018    EUR    55.50
Novo Banco SA                3.50   3/18/2043    EUR    59.27
Cooperatieve Rabobank UA     0.50  11/26/2021    ZAR    67.07
Banca Carige SpA             1.67  12/29/2018    EUR    36.63
Scandinavian Airlines Sys    0.63                CHF    24.55
Pescanova SA                 5.13   4/20/2017    EUR     2.75
OGX Austria GmbH             8.38    4/1/2022    USD     0.00
EFG International AG         0.63                EUR    65.38
Lehman Brothers UK Capita    5.13                EUR     0.14
Banca Popolare di Vicenza    4.00   8/27/2019    EUR    72.75
Afren PLC                   11.50    2/1/2016    USD     0.15
Elli Investments Ltd        12.25   6/15/2020    GBP    60.00
Alno AG                      8.00   3/21/2019    EUR    37.00
Hellenic Republic Governm    5.20   7/17/2034    EUR    71.25
Banca Popolare di Vicenza    4.60  12/15/2017    EUR    31.21
Eniro AB                     6.00   4/14/2020    SEK    14.71
Tikehau Capital SCA          1.63    1/1/2022    EUR    61.50
NTRP Via Interpipe Ltd      10.25    8/2/2017    USD    26.25
Oi Brasil Holdings Cooper    5.75   2/10/2022    USD    32.38
Aralco Finance SA           10.13    5/7/2020    USD     2.28
GEWA 5 to 1 GmbH & Co KG     6.50   3/24/2018    EUR    31.38
Paragon Offshore PLC         7.25   8/15/2024    USD    18.75
Manchester Building Socie    6.75                GBP    15.84
CGG SA                       6.50    6/1/2021    USD    48.05
Dexia Credit Local SA        1.40                EUR     6.49
Air Berlin Finance BV        1.50   4/11/2027    EUR     2.70
Pescanova SA                 8.75   2/17/2019    EUR     2.75
Veneto Banca SpA             6.95   2/25/2025    EUR    15.88
Bank Nadra via NDR Financ    8.25   7/31/2018    USD     0.25
Innogy SE                    3.80    4/5/2033    USD    74.24
Fred Olsen Energy ASA        4.05   2/28/2019    NOK    52.38
Lloyds Bank PLC              2.78  12/27/2028    USD    74.25
Wild Bunch AG                8.00   3/23/2019    EUR    50.00
Avatera Medical Investmen    5.00    8/7/2018    EUR    70.00
Touax SA                     6.00   7/10/2020    EUR    16.04
Santander Finance Capital    2.00                EUR    56.13
Hybrid Raising GmbH          6.63                EUR    24.01
City of Kiev Ukraine Via     8.00   11/6/2015    USD    65.38
Praktiker AG                 5.88   2/10/2016    EUR     0.21
Banco Espirito Santo SA      2.32                EUR     0.43
Iona Energy Co UK Ltd       12.50   9/27/2018    USD     0.68
Banca delle Marche SpA       0.62    6/1/2017    EUR     0.70
Offshore Drilling Holding    8.38   9/20/2020    USD    40.50
Societe Generale SA          0.81                EUR    59.50
Alpine Holding GmbH          6.00   5/22/2017    EUR     0.36
Mriya Agro Holding PLC      10.95   3/30/2016    USD     6.48
Etablissements Maurel et     1.63    7/1/2019    EUR    17.13
Oceanic Champion AS          8.00   2/20/2020    USD    71.55
Stichting Afwikkeling Ond   11.25                EUR     0.52
Laurel GmbH                  7.13  11/16/2017    EUR     8.75
Stichting Afwikkeling Ond    6.25  10/26/2020    EUR     4.75
Sazka AS                     9.00   7/12/2021    EUR     0.34
Banca Nuova SpA              6.06   5/23/2028    EUR    68.00
Republic of Italy Governm    0.30   7/31/2035    EUR    74.20
Deutsche Bank AG/London      2.28   8/28/2034    USD    58.38
Virgolino de Oliveira Fin   11.75    2/9/2022    USD     7.00
Tonon Luxembourg SA          9.25   1/24/2020    USD    11.25
Norske Skog Holding AS       8.00   2/24/2023    USD    42.25
Phones4u Finance PLC         9.50    4/1/2018    GBP    73.63
GNB - Cia de Seguros de V    3.17                EUR    48.00
Cirio Holding Luxembourg     6.25   2/16/2004    EUR     1.34
Pacific Drilling SA          5.38    6/1/2020    USD    46.75
Tonon Luxembourg SA         10.50   5/14/2024    USD    35.00
Norske Skogindustrier ASA    7.13  10/15/2033    USD    30.13
DNB Bank ASA                 1.31                USD    70.81
More & More AG               8.13   6/11/2018    EUR    37.00
Banco Espirito Santo SA      6.88   7/15/2016    EUR    28.13
Intelsat Luxembourg SA      12.50  11/15/2024    USD    68.47
Capital Raising GmbH         7.50                EUR    23.29
Sairgroup Finance BV         4.38    6/8/2006    EUR    13.88
Phosphorus Holdco PLC       10.00    4/1/2019    GBP     1.92
Credit Lyonnais SACA         0.44                EUR    63.71
Lehman Brothers Treasury     6.00   2/15/2035    EUR    10.00
Gebr Sanders GmbH & Co KG    8.75  10/22/2018    EUR    30.13
Corporate Commercial Bank    8.25    8/8/2014    USD     0.50
LBI HF                       6.10   8/25/2011    USD    10.13
Ideal Standard Internatio   11.75    5/1/2018    EUR     5.00
Vseukrainsky Aktsinerny B   10.90   6/14/2019    USD     2.12
Grupo Isolux Corsan SA       0.25  12/30/2018    EUR     1.43
Island Drilling Co ASA       9.50    4/3/2018    USD     1.50
Banca Monte dei Paschi di    2.79  10/31/2018    EUR    37.43
Smart Solutions GmbH         8.00   12/3/2018    EUR    35.88
IGas Energy PLC             10.00    2/4/2020    USD    49.88
OP Corporate Bank plc        0.84                EUR    68.20
GNB - Cia de Seguros de V    1.87  12/19/2022    EUR    60.38
Action SA                    3.21    7/4/2017    PLN    54.07
Dexia SA                     1.45                EUR     5.13
Oceanteam ASA               12.29  10/24/2017    USD    21.63
Cooperatieve Rabobank UA     0.50  10/29/2027    MXN    42.20
Petrol AD                    5.50   1/26/2022    EUR    29.00
EDOB Abwicklungs AG          7.50    4/1/2012    EUR     0.59
Vneshprombank Ltd via VPB    9.00  11/14/2016    USD     0.03
Banca Popolare di Vicenza    5.00   5/30/2021    EUR    66.25
Banca Popolare di Vicenza    8.50  12/28/2018    EUR    28.00
GPB Aerofinans OOO           9.67   3/15/2030    RUB    60.38
Barclays Bank PLC            0.66   3/21/2033    USD    57.50
getgoods.de AG               7.75   10/2/2017    EUR     0.03
Teksid Aluminum Luxembour   11.38   7/15/2011    EUR     0.19
Mobylife Holding A/S         7.25   5/23/2020    SEK    53.00
JZ Capital Partners Ltd      6.00   7/30/2021    GBP    11.10
Santander Finance Capital    2.00                USD    56.20
DNB Bank ASA                 1.50                USD    70.69
Barclays Bank PLC            2.85   1/27/2031    USD    63.88
Banco Pinto & Sotto Mayor    0.68                EUR    25.31
Orco Property Group SA       7.00   11/7/2019    EUR    67.75
Etablissements Maurel et     2.75    7/1/2021    EUR    10.66
Havila Shipping ASA          5.01   11/7/2020    NOK    42.25
Kaupthing ehf                7.63   2/28/2015    USD    17.63
Novo Banco SA                3.00  12/16/2021    EUR    68.63
Steilmann SE                 7.00   9/23/2018    EUR     2.89
PNE Wind AG                  3.75  10/10/2019    EUR     3.30
Banca Popolare di Vicenza    9.50   10/2/2025    EUR    15.75
BOA Offshore AS              7.69  12/18/2018    NOK    25.00
KTG Energie AG               7.25   9/28/2018    EUR     2.28
Mobile TeleSystems PJSC      8.85   3/25/2021    RUB   100.40
Barclays Bank PLC            0.53   5/31/2033    USD    57.50
SeaBird Exploration Finan    6.00    3/3/2018    USD    15.25
Deutsche Bank AG/London      3.42  11/26/2034    USD    67.25
Del Monte Finance Luxembo    6.63   5/24/2006    EUR     4.61
Lehman Brothers UK Capita    6.90                USD     0.77
Lehman Brothers Treasury     6.00   11/2/2035    EUR    10.00
Koninklijke Luchtvaart Ma    0.75                CHF    36.50
Deutsche Bank AG/London      2.46   6/30/2034    USD    51.13
Windreich GmbH               6.50   7/15/2016    EUR    10.00
German Pellets GmbH          7.25    7/9/2018    EUR     1.42
Manchester Building Socie    8.00                GBP    25.00
Barclays Bank PLC            3.21   7/31/2034    USD    70.50
OGX Austria GmbH             8.38    4/1/2022    USD     0.01
Autonomous Community of C    2.97    9/8/2039    JPY    64.22
Tatfondbank OAO via TFB F    8.50  11/12/2019    USD     1.16
Barclays Bank PLC            1.94   9/30/2031    USD    66.70
Cooperatieve Rabobank UA     0.50  11/30/2027    MXN    42.96
Hellas Telecommunications    8.50  10/15/2013    EUR     0.50
Sidetur Finance BV          10.00   4/20/2016    USD     5.25
Lloyds Bank PLC              3.02  11/27/2033    USD    69.05
TradeDoubler AB              6.75  12/20/2018    SEK    49.25
Minicentrales Dos SA         6.45   4/14/2028    EUR    67.13
Breeze Finance SA            6.71   4/19/2027    EUR    29.05
Frey                         6.00  11/15/2022    EUR    22.50
Lloyds Bank PLC              0.65   1/31/2033    USD    58.70
Farstad Shipping ASA         4.45   5/29/2018    NOK    26.63
Banco Pastor SAU             2.07                EUR    57.17
Portigon AG                  7.46  12/31/2019    EUR    26.50
Lehman Brothers Treasury     5.00   2/16/2015    EUR    10.00
Deutsche Bank AG/London      0.36   3/15/2033    USD    55.00
Deutsche Bank AG/London      4.06  10/31/2034    USD    70.25
Nationwide Building Socie    0.85                GBP    70.00
Deutsche Bank AG             0.35   6/28/2033    USD    57.00
IT Holding Finance SA        9.88  11/15/2012    EUR     1.37
Lehman Brothers Treasury     7.25   10/5/2035    EUR     9.63
Paragon Offshore PLC         7.25   8/15/2024    USD    19.63
UkrLandFarming PLC          10.88   3/26/2018    USD    30.50
RENE LEZARD Mode GmbH        7.25  11/25/2017    EUR    12.00
Waste Italia SpA            10.50  11/15/2019    EUR    17.13
World Wide Supply AS         7.75   5/26/2017    USD    13.88
Royal Bank of Scotland PL    1.94  12/30/2030    USD    60.88
Hellenic Republic Governm    2.09   7/25/2057    EUR    37.25
Belfius Bank SA/NV           1.66                FRF    70.13
Talvivaara Mining Co PLC     4.00  12/16/2015    EUR     0.35
Far Eastern Shipping Co P   13.00  11/28/2017    RUB    59.11
Golden Energy Offshore Se    5.00  12/31/2017    NOK    40.75
Cirio Finance Luxembourg     7.50   11/3/2002    EUR     4.46
Steilmann SE                 6.75   6/27/2017    EUR     5.00
International Industrial    11.00   2/19/2013    USD     0.28
OGX Austria GmbH             8.50    6/1/2018    USD     0.01
Assystem                     4.50                EUR    31.28
KPNQwest NV                 10.00   3/15/2012    EUR     0.76
Barclays Bank PLC            2.12   3/28/2034    USD    62.10
Depfa Funding IV LP          1.54                EUR    56.34
A-TEC Industries AG          2.75   5/10/2014    EUR     2.00
Royal Bank of Scotland PL    2.42  12/13/2028    USD    72.04
Kommunalbanken AS            0.50   5/27/2022    ZAR    64.34
Barclays Bank PLC            2.42   2/25/2031    USD    65.60
Royal Bank of Scotland PL    2.46  11/16/2030    USD    67.71
Farstad Shipping ASA         5.22   7/30/2017    NOK    27.00
Santander Finance Capital    2.00                EUR    56.13
ADLER Real Estate AG         6.00   6/30/2017    EUR    13.50
OAS Investments GmbH         8.25  10/19/2019    USD     4.67
Lloyds Bank PLC              3.34  10/25/2033    USD    73.50
Barclays Bank PLC            2.41  11/29/2030    USD    65.50
Cirio Finanziaria SpA        8.00  12/21/2005    EUR     0.41
Holdikks SAS                 6.75   7/15/2021    EUR    60.50
Windreich GmbH               6.50    3/1/2015    EUR    10.00
Finance and Credit Bank J    9.25   1/25/2019    USD     0.47
Veneto Banca SpA             6.94   5/15/2025    EUR    15.75
Abanka Vipa DD Via Afinan    1.57                EUR     1.37
Lloyds Bank PLC              0.54   2/22/2033    USD    59.25
Barclays Bank PLC            2.57   3/21/2031    USD    66.75
Tonon Luxembourg SA         10.50   5/14/2024    USD    35.00
Lehman Brothers Treasury     8.25   3/16/2035    EUR    10.00
Alpine Holding GmbH          5.25    7/1/2015    EUR     0.17
Lehman Brothers Treasury     5.00   9/22/2014    EUR    10.00
Dexia Kommunalbank Deutsc    4.88    6/1/2017    EUR    39.05
Hypo Tirol Bank AG           0.12   7/23/2026    EUR    64.48
Portugal Telecom Internat    5.24   11/6/2017    EUR    32.88
Cirio Del Monte NV           7.75   3/14/2005    EUR     1.14
3W Power SA                  5.50  11/11/2020    EUR    45.00
Stroika Finance Ltd Via E    9.90   6/25/2019    RUB    12.00
Banca Carige SpA             5.70   6/30/2017    EUR    70.00
AKB Peresvet ZAO            13.50  10/16/2020    RUB    13.00
Bank Nederlandse Gemeente    0.50    6/7/2022    ZAR    63.14
Northland Resources AB       4.00  10/15/2020    USD     0.01
PA Resources AB             13.50    3/3/2016    SEK     0.09
Orient Express Bank PJSC     8.17   6/27/2017    USD    50.00
Rena GmbH                    8.25   7/11/2018    EUR     3.60
Banco Espirito Santo SA      6.90   6/28/2024    EUR    26.00
Enterprise Holdings LTD      7.00   9/26/2017    EUR     2.33
Commerzbank Holdings UK L    1.69                USD    73.88
Afren PLC                    6.63   12/9/2020    USD     0.42
RN Bank JSC                 10.40    7/9/2021    RUB   100.70
Cooperatieve Rabobank UA     0.50   7/30/2043    MXN    11.71
Enterprise Holdings LTD      7.00   3/30/2020    EUR     2.33
SiC Processing GmbH          7.13    3/1/2016    EUR     2.67
Privatbank CJSC Via UK SP   10.88   2/28/2018    USD    22.00
Norske Skogindustrier ASA    7.13  10/15/2033    USD    30.13
Volstad Shipping AS          7.05   4/15/2019    NOK    25.00
Steilmann SE                 7.00    3/9/2017    EUR     2.90
Barclays Bank PLC            2.96   9/29/2034    USD    69.30
Barclays Bank PLC            2.62  12/30/2030    USD    63.65
A-TEC Industries AG          8.75  10/27/2014    EUR     2.00
Norske Skog Holding AS       8.00   2/24/2023    USD    47.00
Kaupthing ehf                5.75   10/4/2011    USD    17.63
Barclays Bank PLC            0.55   3/28/2033    USD    60.00
Dannemora Mineral AB        11.75   3/22/2016    USD     0.63
KTG Agrar SE                 7.25  10/15/2019    EUR     2.14
Barclays Bank PLC            1.23   6/17/2033    USD    61.75
Bibby Offshore Services P    7.50   6/15/2021    GBP    60.13
SAG Solarstrom AG            6.25  12/14/2015    EUR    33.75
German Pellets GmbH          7.25    4/1/2016    EUR     1.04
APP International Finance   11.75   10/1/2005    USD     0.56
Landesbank Hessen-Thuerin    0.12    5/3/2041    EUR    74.06
BNP Paribas SA               0.58   4/30/2033    USD    52.75
Stichting Afwikkeling Ond    2.42                EUR     0.52
Norske Skog Holding AS       8.00   2/24/2021    EUR    54.00
Northland Resources AB      15.00   7/15/2019    USD     0.44
Lehman Brothers Treasury     7.00   5/17/2035    EUR    10.00
Golden Gate AG               6.50  10/11/2014    EUR    41.50
Gazprom Capital OOO          8.90    2/3/2027    RUB    60.12
Barclays Bank PLC            2.72   7/28/2031    USD    68.88
Societe Generale SA          1.92  10/31/2033    USD    74.82
AKB Peresvet ZAO            13.00   10/7/2017    RUB    22.50
SAir Group                   5.13    3/1/2003    CHF    14.00
HSBC France SA               1.03                EUR    61.10
Mox Telecom AG               7.25   11/2/2017    EUR     3.35
CNP Assurances               2.00                EUR    74.75
UniCredit Bank Austria AG    0.17  12/31/2031    EUR    70.30
Intelsat Luxembourg SA      12.50  11/15/2024    USD    68.47
PA Resources AB              3.00  12/27/2017    NOK     0.09
UniCredit Bank Austria AG    0.19   8/20/2033    EUR    67.61
Rem Offshore ASA             5.00   12/8/2024    NOK    30.13
KPNQwest NV                  8.88    2/1/2008    EUR     1.00
Finmek International SA      7.00   12/3/2004    EUR     4.89
Gunther Zamek Produktions    7.75   5/15/2017    EUR     1.26
Pescanova SA                 6.75    3/5/2015    EUR     3.09
CEVA Group PLC               9.00    9/1/2021    USD    70.81
Lehman Brothers Treasury     6.00   3/18/2015    USD    10.00
Barclays Bank PLC            4.63   9/13/2028    USD    65.00
Nuova Banca Popolare dell    1.67   9/28/2017    EUR     0.81
Far Eastern Shipping Co P   15.00   2/27/2018    RUB    57.03
Banca Popolare di Vicenza    5.00  11/22/2020    EUR    69.50
ADLER Real Estate AG         6.00  12/27/2018    EUR    13.50
Banco Espirito Santo SA     10.00   12/6/2021    EUR     0.20
Acron PJSC                   9.55   9/24/2026    RUB    61.56
Banco Comercial Portugues    5.00                EUR    55.00
MS Deutschland Beteiligun    6.88  12/18/2017    EUR     5.73
Barclays Bank PLC            0.06  12/28/2040    EUR    70.62
Kaupthing ehf                5.75   10/4/2011    USD    17.63
Hamburgische Landesbank-G    0.05   1/22/2041    EUR    62.14
Lehman Brothers Treasury     2.88   3/14/2013    CHF    10.00
Afren PLC                   10.25    4/8/2019    USD     0.00
Cooperatieve Rabobank UA     0.50  10/30/2043    MXN    11.53
Northland Resources AB       4.00  10/15/2020    NOK     0.06
Lehman Brothers Treasury     5.10    5/8/2017    HKD     9.63
Deutsche Bank AG/London      2.94   9/30/2029    USD    67.00
CRC Breeze Finance SA        6.11    5/8/2026    EUR    55.50
Governo Portugues Consoli    3.00                EUR    70.00
Rosneft Oil Co PJSC         14.90   12/3/2020    RUB    62.00
KPNQwest NV                  7.13    6/1/2009    EUR     1.00
Alpine Holding GmbH          5.25   6/10/2016    EUR     0.17
Accentro Real Estate AG      6.25   3/27/2019    EUR    10.00
UniCredit Bank Austria AG    0.15  12/27/2031    EUR    66.87
Virgolino de Oliveira Fin   10.88   1/13/2020    USD    26.75
Afren PLC                   11.50    2/1/2016    USD     0.20
SAG Solarstrom AG            7.50   7/10/2017    EUR    33.75
Veneto Banca SpA             1.67   5/15/2019    EUR    30.00
CGG SA                       5.88   5/15/2020    EUR    46.38
Bulgaria Steel Finance BV   12.00    5/4/2013    EUR     2.46
Lloyds Bank PLC              2.73   7/26/2033    USD    67.75
AKB Peresvet ZAO            13.25   6/22/2017    RUB    22.63
Orient Express Bank PJSC    13.60    8/9/2018    RUB    69.00
Barclays Bank PLC            2.72   7/28/2034    USD    66.35
CGG SA                       6.88   1/15/2022    USD    46.38
BLT Finance BV              12.00   2/10/2015    USD    10.50
Geotech Seismic Services    13.00  10/16/2019    RUB    70.57
Sairgroup Finance BV         6.63   10/6/2010    EUR    13.88
A-TEC Industries AG          5.75   11/2/2010    EUR     2.00
CBo Territoria               6.00    1/1/2020    EUR     4.10
Rosneft Oil Co PJSC         10.90  11/28/2024    RUB    63.00
Mriya Agro Holding PLC       9.45   4/19/2018    USD     6.25
Republic of Italy Governm    0.18   7/31/2045    EUR    72.50
Banca Carige SpA             5.70   9/17/2020    EUR    50.38
SAir Group                   0.13    7/7/2005    CHF    13.00
Lloyds Bank PLC              2.39    7/5/2033    USD    69.70
Far East Capital Ltd SA      8.00    5/2/2018    USD    65.13
Transneft PJSC               9.30   8/25/2026    RUB    61.30
Banco Espirito Santo SA      1.22   5/27/2018    EUR     0.20
UniCredit Bank Austria AG    0.02   1/25/2031    EUR    69.01
Marfin Investment Group H    7.00   7/29/2019    EUR     1.00
Bank Nederlandse Gemeente    0.50   7/12/2022    ZAR    62.81
Dexia Kommunalbank Deutsc    5.63  12/31/2017    EUR    13.13
AgroGeneration               8.00    4/1/2019    EUR    72.80
Russian Railways JSC         8.65    2/4/2032    RUB    60.06
Barclays Bank PLC            2.34   4/25/2034    USD    58.44
Barclays Bank PLC            3.28   5/30/2034    USD    72.88
Banca Popolare di Vicenza    5.00   3/31/2021    EUR    67.38
wige MEDIA AG                6.00   3/17/2019    EUR     2.60
DOF ASA                      8.00   9/12/2019    NOK    40.00
Autonomous Community of C    1.06    9/8/2024    EUR    73.41
Afren PLC                   10.25    4/8/2019    USD     0.00
Cooperatieve Rabobank UA     0.50   1/31/2033    MXN    26.30
Bilt Paper BV                9.64                USD    33.50
DEMIRE Real Estate AG        6.00  12/30/2018    EUR     3.40
Vnesheconombank              2.00   6/18/2021    RUB    74.60
Vnesheconombank              9.65   7/10/2018    RUB    62.02
Elli Investments Ltd        12.25   6/15/2020    GBP    60.00
Muehl Product & Service A    6.75   3/10/2005    DEM     2.37
Depfa Funding II LP          6.50                EUR    57.75
BAWAG PSK Versicherungs A    1.06                EUR    47.34
Deutsche Bank AG/London      0.40   1/31/2033    USD    59.70
Banca Popolare di Vicenza    5.00   6/30/2021    EUR    65.63
Svensk Exportkredit AB       0.50   4/24/2029    AUD    61.77
Finans-Avia OOO              8.25   7/31/2022    RUB    75.27
Societe Generale SA          1.60    1/9/2020    GBP     1.10
Brunswick Rail Finance De    6.50   11/1/2017    USD    71.39
Barclays Bank PLC            4.13  10/10/2029    USD    74.31
Alpha Bank AE                2.50   6/20/2022    EUR    63.70
Lloyds Bank PLC              2.72   7/29/2033    USD    63.10
Lehman Brothers Treasury     5.00   2/27/2014    EUR    10.00
Petromena ASA               10.85  11/19/2014    USD     0.59
Svensk Exportkredit AB       0.50   8/29/2029    AUD    61.07
Virgolino de Oliveira Fin   10.50   1/28/2018    USD     7.00
Barclays Bank PLC            1.88   11/1/2031    USD    64.50
Lehman Brothers Treasury     4.60   11/9/2011    EUR    10.00
Hamburgische Landesbank-G    0.05  10/30/2040    EUR    64.35
BNP Paribas SA               0.50   9/29/2029    AUD    60.04
Immigon Portfolioabbau AG    3.72   4/12/2022    EUR    74.70
Municipality Finance PLC     0.50    5/8/2029    AUD    65.98
syncreon Group BV / syncr    8.63   11/1/2021    USD    71.88
Absolut Bank PAO            11.00   5/28/2018    RUB    60.09
IVG Immobilien AG            5.54                EUR     0.56
Johnston Press Bond Plc      8.63    6/1/2019    GBP    63.63
Alpha Bank AE                2.50   6/20/2022    EUR    63.69
KPNQwest NV                  8.13    6/1/2009    USD     0.92
Lehman Brothers Treasury     6.65   8/24/2011    AUD     9.63
Svensk Exportkredit AB       0.50   6/29/2029    AUD    61.42
Opin PJSC                   13.00   3/17/2022    RUB    60.06
Espirito Santo Financial     5.05  11/15/2025    EUR     0.33
Oi Brasil Holdings Cooper    5.63   6/22/2021    EUR    33.99
Banca Popolare di Vicenza    1.60   3/20/2020    EUR    67.38
Marfin Investment Group H    6.30   7/29/2020    EUR     0.90
Governo Portugues Consoli    2.75                EUR    63.00
Rena GmbH                    7.00  12/15/2015    EUR     3.60
Uppfinnaren 1 AB            10.00                SEK    63.38
SAir Group                   6.25   4/12/2005    CHF    13.00
Agentstvo po Ipotechnomu    10.90   11/1/2022    RUB    60.72
SG Option Europe SA          7.00    5/5/2017    EUR    58.40
Societe Generale SA          0.57   2/28/2033    USD    63.40
Vimpel-Communications PJS   11.90   10/3/2025    RUB    62.00
Atari SA                     7.50   2/17/2020    EUR     0.35
Stichting Afwikkeling Ond    6.63   5/14/2018    EUR     3.34
Societe Generale SA          0.12   5/31/2033    USD    61.86
Barclays Bank PLC            0.50   3/26/2021    MXN    70.55
Kaupthing ehf                9.00                USD     0.13
Lehman Brothers Treasury     4.00   2/16/2017    EUR    10.00
Podkarpacki Bank Spoldzie    5.81    7/2/2020    PLN    70.00
MegaFon PJSC                 9.90   5/29/2026    RUB    62.00
Rosneft Oil Co PJSC         11.15   12/3/2020    RUB    62.00
Sistema PJSC FC             10.90  10/31/2025    RUB    63.01
Solon SE                     1.38   12/6/2012    EUR     0.33
Mifa Mitteldeutsche Fahrr    7.50   8/12/2018    EUR     2.92
Rusfinans Bank OOO           8.75   9/29/2020    RUB   100.10
Espirito Santo Financial     5.13   5/30/2016    EUR     0.78
Banca Popolare di Vicenza    5.00   3/25/2021    EUR    67.50
Lehman Brothers Treasury     6.00   3/14/2011    EUR    10.00
Barclays Bank PLC            3.87   4/16/2029    USD    73.30
Barclays Bank PLC            2.36  12/23/2033    USD    66.20
Virgolino de Oliveira Fin   11.75    2/9/2022    USD     7.00
Landesbank Hessen-Thuerin    0.13   4/23/2041    EUR    70.82
Artea                        6.00    8/4/2019    EUR    14.62
Sberbank of Russia PJSC     12.27    1/2/2026    RUB    60.06
Agentstvo po Ipotechnomu     9.50  11/15/2024    RUB    61.00
Santander Finance Capital    2.00                USD    56.20
Bank Julius Baer & Co Ltd    6.70    6/2/2017    USD    62.20
UniCredit Bank Austria AG    0.16  10/31/2031    EUR    66.97
United Aircraft Corp PJSC    8.00   3/17/2020    RUB    60.00
Transneft PJSC              11.00   10/1/2019    RUB   100.39
Credit Suisse AG/London      9.75   5/23/2017    USD    53.62
Lehman Brothers Treasury     5.25   5/26/2026    EUR     0.65
Samaratransneft-Terminal    12.00   3/30/2022    RUB    60.22
Municipality Finance PLC     0.50   6/19/2024    ZAR    52.44
ING Bank Eurasia JSC        10.45   3/30/2021    RUB    61.03
Svensk Exportkredit AB       0.50   6/28/2022    ZAR    62.71
Kommunekredit                0.50   7/30/2027    TRY    32.16
Agentstvo po Ipotechnomu    10.83    2/1/2034    RUB   100.00
Region of Abruzzo Italy      0.17   11/7/2036    EUR    61.39
KTM Industries AG            5.00                EUR    72.00
Kaupthing ehf                6.13   10/4/2016    USD    17.63
Afren PLC                    6.63   12/9/2020    USD     0.42
Heta Asset Resolution AG     0.43  12/31/2023    EUR    39.25
Frigoglass Finance BV        8.25   5/15/2018    EUR    62.75
Minicentrales Dos SA         4.81  11/29/2034    EUR    60.63
Matalan Finance PLC          8.88    6/1/2020    GBP    68.13
Transneft PJSC               9.65   6/30/2023    RUB    60.11
Banca Monte dei Paschi di    4.36   3/14/2024    EUR    40.88
Gazprom PJSC                 5.30  10/21/2043    RUB
Rusfinans Bank OOO          10.00   7/31/2026    RUB    60.51
Mechel PJSC                  8.00    2/9/2021    RUB    71.00
Transcapitalbank JSC Via    10.00   9/18/2020    USD    72.00
Argon Capital PLC for Roy    2.67                GBP    75.00
Societe Generale SA          8.88    6/1/2017    USD    34.01
AKB Peresvet ZAO            13.25   4/25/2018    RUB    23.49
Municipality Finance PLC     0.50   4/26/2022    ZAR    63.39
International Industrial     9.00    7/6/2011    EUR     0.50
BLT Finance BV               7.50   5/15/2014    USD     2.29
Lehman Brothers Treasury     4.50    5/2/2017    EUR    10.00
Lehman Brothers Treasury     7.00    6/6/2017    EUR     0.65
Montepio Holding SGPS SA     5.00                EUR    50.05
Banca Popolare di Vicenza    1.60    1/9/2020    EUR    68.38
Societe Generale SA          0.53   6/28/2033    USD    69.25
Republic of Italy Governm    0.19   7/31/2045    EUR    70.79
Lehman Brothers Treasury     7.00  11/26/2013    EUR    10.00
Rosbank PJSC                 9.80  12/20/2026    RUB   100.00
SUEK Finance                12.50   8/19/2025    RUB   100.00
Lehman Brothers Treasury     4.00   7/27/2011    EUR     0.65
Lehman Brothers Treasury     8.25   12/3/2015    EUR    10.00
Banca Meridiana              1.29  11/12/2017    EUR    21.00
Region of Molise Italy       0.18  12/15/2033    EUR    66.28
Paragon Offshore PLC         6.75   7/15/2022    USD    19.25
Veneto Banca SpA             2.40    4/7/2020    EUR    68.25
Vnesheconombank             11.60   2/17/2025    RUB    60.00
Lloyds Bank PLC              3.34   4/25/2034    USD    69.00
Veneto Banca SpA             5.41   5/25/2023    EUR    57.63
Lehman Brothers Treasury     1.00    5/9/2012    EUR     0.65
Vnesheconombank              9.76  12/17/2021    RUB    60.06
Western High-Speed Diamet    9.84    2/6/2032    RUB    65.03
Veneto Banca SpA             4.65   1/11/2020    EUR    75.00
Minaya Capital AG            7.00    8/1/2018    EUR    65.32
Marine Subsea AS             9.00  12/16/2019    USD     0.50
Province of Brescia Italy    0.11  12/22/2036    EUR    58.30
Lehman Brothers Treasury    11.00  12/20/2017    AUD     0.65
Tonon Luxembourg SA          9.25   1/24/2020    USD    11.25
Russian Railways JSC         9.85   4/26/2041    RUB   106.84
Cattles Ltd                  7.13    7/5/2017    GBP     0.20
Banca Popolare di Vicenza    2.53  11/22/2019    EUR    71.54
WPE International Coopera   10.38   9/30/2020    USD    18.38
BNP Paribas SA               0.50   7/20/2021    BRL    64.60
Barclays Bank PLC            2.62  12/30/2030    USD    62.88
Lehman Brothers Treasury     3.03   1/31/2015    EUR     0.65
Vnesheconombank              9.20   8/20/2020    RUB    60.37
Lehman Brothers Treasury     5.55   3/12/2015    EUR     0.65
Lehman Brothers Treasury     4.00  10/24/2012    EUR     0.65
Lehman Brothers Treasury     6.00  10/30/2012    EUR     0.65
Lehman Brothers Treasury     5.00   12/6/2011    EUR     0.65
Lehman Brothers Treasury     4.00   12/2/2012    EUR     0.65
Russian Railways JSC         9.25   7/11/2028    RUB    99.35
Russian Bank for Small an    9.25   3/17/2022    RUB    60.31
Karlie Group GmbH            5.00   6/25/2021    EUR     4.30
Royal Bank of Scotland PL    2.42   2/25/2031    USD    63.60
Tatfondbank PJSC            13.00    9/7/2021    RUB     2.98
Societe Generale SA          1.00  12/22/2017    GBP     0.98
Agentstvo po Ipotechnomu     9.50   1/15/2029    RUB   100.00
AKB Peresvet ZAO            13.50   6/23/2021    RUB    12.49
Banca Popolare di Vicenza    5.20   3/28/2024    EUR    54.00
Phones4u Finance PLC         9.50    4/1/2018    GBP    73.63
Veneto Banca SpA             5.15   1/25/2023    EUR    58.13
Activa Resources AG          8.00  11/15/2017    EUR    16.00
Svensk Exportkredit AB       0.50   1/31/2022    ZAR    66.13
Tatfondbank PJSC            12.50  12/11/2024    RUB     2.12
Podkarpacki Bank Spoldzie    5.81   3/31/2025    PLN    65.51
Ekotechnika AG               9.75   5/10/2018    EUR     9.50
Banca Popolare di Vicenza    2.50   7/11/2019    EUR    74.88
Delta Credit Bank JSC       10.29  11/24/2021    RUB    60.06
Rossiysky Capital OJSC      13.00  11/22/2019    RUB    99.89
Kaupthing ehf                6.13   10/4/2016    USD    17.63
Lehman Brothers Treasury     7.59  11/22/2009    MXN    10.00
Gazprombank JSC              9.00   4/27/2048    RUB    98.80
Lloyds Bank PLC              0.66   4/26/2033    USD    59.25
AKB Peresvet ZAO            12.50    9/6/2017    RUB    21.55
Agroton Public Ltd           6.00   7/14/2019    USD    12.88
Deutsche Bank AG/London      0.50   10/5/2021    IDR    66.43
HSBC Bank PLC                0.50   6/10/2021    BRL    69.07
Lehman Brothers Treasury     5.00   3/18/2015    EUR    10.00
Municipality Finance PLC     0.50   7/30/2029    AUD    68.98
Barclays Bank PLC            0.50   1/28/2033    MXN    23.59
Western High-Speed Diamet    9.84    2/6/2032    RUB    60.00
EFG International Finance    6.00  11/30/2017    EUR     8.50
Nuova Banca Popolare dell    5.00  10/30/2023    EUR     0.78
Russian Railways JSC        11.20  10/16/2025    RUB   105.75
Banco BPI SA                 1.78                EUR    58.02
Ideal Standard Internatio   11.75    5/1/2018    EUR     5.00
City of Moscow Russia        7.50   5/18/2021    RUB    60.00
Far East Capital Ltd SA      8.75    5/2/2020    USD    64.83
OT-Optima Telekom DD         5.25   5/30/2022    HRK    70.10
Lehman Brothers Treasury     1.46   2/19/2012    JPY    10.00
LBI HF                       7.43                USD     0.00
Espirito Santo Financial     5.05  11/15/2025    EUR     0.33
SAir Group                   5.50   7/23/2003    CHF    13.02
Nutritek International Co    8.75  12/11/2008    USD     2.00
Lehman Brothers Treasury     5.50   6/22/2010    USD    10.00
Banca Popolare di Vicenza    2.00   11/7/2019    EUR    70.88
ECM Real Estate Investmen    5.00   10/9/2011    EUR    10.38
Leonteq Securities AG        6.80   7/10/2018    USD
EFG International Finance    2.10   3/23/2018    EUR    15.48
Solarwatt GmbH               7.00   11/1/2015    EUR    14.50
German Pellets GmbH          8.00                EUR     0.10
Kardan NV                    6.78    2/2/2020    ILS    73.27
DOMO OJSC                   14.00    5/8/2026    RUB    50.00
Barclays Bank PLC            0.61    4/9/2028    USD    64.53
Cooperatieve Rabobank UA     0.50  12/29/2027    MXN    42.11
Barclays Bank PLC            2.70   2/28/2034    USD    72.89
HPI AG                       3.50                EUR     5.01
Atomenergoprom JSC          11.10  12/12/2025    RUB    63.00
Municipiul Timisoara         0.72   5/15/2026    RON    65.01
Veneto Banca SpA             2.40   3/31/2020    EUR    68.50
Banca Popolare di Vicenza    1.60   2/20/2020    EUR    67.88
Bank Intesa AO               9.75  10/10/2019    RUB   100.00
Lehman Brothers Treasury     5.00   8/16/2017    EUR    10.00
Lehman Brothers Treasury     5.00    5/2/2022    EUR     0.65
Banca Popolare di Vicenza    1.60   1/16/2020    EUR    68.63
Municipiul Timisoara         0.72   5/15/2026    RON    65.40
Virgolino de Oliveira Fin   10.88   1/13/2020    USD    26.75
World of Building Technol    9.90   6/25/2019    RUB     1.52
HSBC Bank PLC                0.50   12/8/2020    BRL    71.72
Kommunalbanken AS            0.50  12/16/2020    TRY    69.13
Kaupthing ehf                5.25   7/18/2017    BGN    17.63
Lehman Brothers Treasury     7.00   9/20/2011    USD     0.65
Barclays Bank PLC            7.12   10/4/2017    USD    40.45
Russkiy Mezhdunarodnyi Ba   10.50  11/14/2021    RUB    60.04
SAir Group                   6.25  10/27/2002    CHF    13.03
Rusfinans Bank OOO           9.95   8/22/2019    RUB   101.00
LBI HF                       6.10   8/25/2011    USD    10.13
Salvator Grundbesitz-AG      9.50  12/31/2021    EUR     9.95
Atari SA                     0.10    4/1/2020    EUR     3.90
Lehman Brothers Treasury     1.28   11/6/2010    JPY    10.00
Rosselkhozbank JSC          12.87  12/21/2021    RUB    60.01
Norske Skogindustrier ASA    2.00  12/30/2115    EUR    22.63
Lehman Brothers Treasury     3.86   9/21/2011    SGD     9.63
Kaupthing ehf                9.75   9/10/2015    USD    17.63
Banca Popolare di Vicenza    1.60   5/29/2020    EUR    65.88
Windreich GmbH               6.25    3/1/2015    EUR    10.00
Vnesheconombank              8.35  11/24/2020    RUB    60.01
Banque Federative du Cred    0.84                EUR    68.75
Svensk Exportkredit AB       0.50   3/15/2022    ZAR    64.54
Mriya Agro Holding PLC      10.95   3/30/2016    USD     6.38
HSBC Bank PLC                0.50  12/29/2026    AUD    65.61
Norddeutsche Landesbank G    4.00   3/29/2019    EUR    48.38
Rosneft Oil Co PJSC         11.40   12/3/2020    RUB    62.00
La Veggia Finance SPA        7.13  11/14/2004    EUR     1.85
Lehman Brothers Treasury     4.00   7/20/2012    EUR     0.65
Banca Popolare di Vicenza    2.25   8/22/2019    EUR    73.25
Heta Asset Resolution AG     0.27  12/31/2023    EUR    39.25
Svensk Exportkredit AB       0.50   8/28/2020    TRY    66.92
KPNQwest NV                  7.13    6/1/2009    EUR     1.00
Araratbank OJSC              7.25   6/27/2018    USD    25.81
Anglian Water Services Fi    0.87   1/26/2057    GBP    74.66
Immigon Portfolioabbau AG    1.26   7/29/2018    EUR    25.00
Araratbank OJSC              7.00   12/2/2017    USD    25.57
VEB-Leasing OAO              8.65   1/16/2024    RUB    62.00
Aralco Finance SA           10.13    5/7/2020    USD     2.28
WGF Westfaelische Grundbe    6.35    8/1/2017    EUR     3.63
City of Kiev Ukraine Via     8.00   11/6/2015    USD    65.38
Rosselkhozbank JSC          14.50                RUB    70.01
Veneto Banca SpA             2.40    4/1/2020    EUR    68.38
Rosneft Oil Co PJSC          9.85   1/18/2021    RUB    60.00
BANIF - Banco Internacion    4.50   1/30/2025    EUR    63.13
Orient Express Bank PJSC    11.70   7/17/2018    RUB    65.01
Atomenergoprom JSC          11.90   6/25/2025    RUB    60.00
KIT Finance Capital OOO     10.50   3/21/2022    RUB    60.06
Agentstvo po Ipotechnomu    11.50   9/25/2018    RUB    70.00
Astana Finance BV            9.00  11/16/2011    USD    16.88
Podkarpacki Bank Spoldzie    5.11   5/28/2023    PLN    62.50
Salvator Grundbesitz-AG      9.50                EUR    19.20
VEB-Leasing OAO             12.50   8/18/2025    RUB    62.00
Vnesheconombank              9.75   8/16/2029    RUB    60.00
Rosneft Oil Co PJSC         11.90  11/28/2024    RUB   101.65
Metalloinvest Holding Co     0.01   3/10/2022    RUB    60.01
Bank Nederlandse Gemeente    0.50   5/12/2021    ZAR    69.70
Lehman Brothers Treasury     4.90   7/28/2020    EUR     0.65
Lehman Brothers Treasury     3.00   6/23/2009    EUR    10.00
Penell GmbH Elektrogrosha    7.75   6/10/2019    EUR     5.51
Svensk Exportkredit AB       0.50   3/28/2029    AUD    69.38
Avangard-Agro OOO           11.50  10/10/2017    RUB   100.00
Russian Post FGUP            9.50  10/18/2019    RUB   100.00
Lehman Brothers Treasury     7.60   1/31/2013    AUD     0.65
COFIDUR SA                   0.10  12/31/2024    EUR    20.00
Societe Generale SA          8.00   2/14/2022    USD     9.00
Phosphorus Holdco PLC       10.00    4/1/2019    GBP     1.92
UniCredit Bank AO            9.20  11/20/2018    RUB    60.11
Atomenergoprom JSC          11.10  12/12/2025    RUB    63.55
Freight One JSC             12.00  10/15/2025    RUB   104.80
Russian Railways JSC         9.70   5/22/2046    RUB    60.06
State Transport Leasing C   14.30  12/10/2024    RUB    60.00
Russian Railways JSC        11.65    5/3/2030    RUB   100.00
OBRAZOVANIE AKIB AO         11.00   5/31/2018    RUB    52.21
TPGK-Finance ZAO            12.01   9/30/2021    RUB   100.00
UniCredit Bank Austria AG    0.06   1/24/2031    EUR    69.19
Lehman Brothers Treasury     4.87   10/8/2013    USD     0.65
ECA                          2.50    1/1/2018    EUR    12.44
Veneto Banca SpA             2.40    4/2/2020    EUR    68.38
Finans-Avia OOO              0.01   7/31/2027    RUB    20.25
Barclays Bank PLC            2.37  12/27/2028    USD    74.10
Mortgage Agent First St P    8.50   7/15/2041    RUB    59.23
Kaupthing ehf                5.00    1/4/2027    SKK    17.63
Windreich GmbH               6.75    3/1/2015    EUR    10.00
Western High-Speed Diamet    9.84    2/6/2032    RUB    91.61
Pongs & Zahn AG              8.50                EUR     0.20
HSBC Bank PLC                0.50   7/21/2021    BRL    68.41
Bank Nederlandse Gemeente    0.50   9/20/2022    ZAR    61.23
Russian Post FGUP            2.75   12/6/2023    RUB    68.66
Metalloinvest Holding Co     0.01    3/7/2022    RUB   100.00
Rusfinans Bank OOO          11.00   10/2/2019    RUB    61.01
Rusfinans Bank OOO          10.10  11/24/2020    RUB    60.51
Lehman Brothers Treasury    14.90   9/15/2008    EUR     0.65
Kaupthing ehf                7.50    2/1/2045    USD     0.22
Bank Julius Baer & Co Ltd    6.00   7/24/2017    CHF    69.30
Barclays Bank PLC            0.50   4/24/2023    MXN    57.90
Heliocentris Energy Solut    4.00   1/16/2019    EUR    28.46
City of Predeal Romania      1.50   5/15/2026    RON    60.00
Agentstvo po Ipotechnomu     9.20   4/18/2018    RUB    70.00
Bank Nederlandse Gemeente    0.50   6/22/2021    ZAR    68.94
Lehman Brothers Treasury     5.00   5/12/2011    CHF     0.65
BNP Paribas SA               0.50    5/6/2021    MXN    70.40
Lillestroem Sparebank        4.44                NOK    60.99
Mcib Bank LLC               14.50    9/1/2023    RUB    99.00
Immigon Portfolioabbau AG    4.81   7/29/2025    EUR    61.00
MIK OAO                     15.00   2/19/2020    RUB     3.00
Freight One JSC             11.80  10/23/2025    RUB   106.00
Metalloinvest Holding Co     0.01    3/7/2022    RUB    60.02
Lehman Brothers Treasury     4.00   4/13/2011    CHF     0.65
Northland Resources AB      15.00   7/15/2019    USD     0.44
SAir Group                   2.13   11/4/2004    CHF    13.00
VEB-Leasing OAO             12.50    9/1/2025    RUB    60.06
Rosneft Oil Co PJSC         11.15   12/3/2020    RUB    62.00
Barclays Bank PLC            4.45   5/14/2029    USD    70.00
Bank Nederlandse Gemeente    0.50    8/9/2022    MXN    67.09
Nuova Banca Popolare dell    2.17   5/21/2018    EUR     0.81
Lehman Brothers Treasury     7.60   5/21/2013    USD     0.65
Lehman Brothers Treasury     5.10   6/22/2046    EUR     0.65
SAir Group                   4.25    2/2/2007    CHF    13.00
UBS AG/London                5.00   4/22/2017    CHF    72.90
Gazprombank JSC              3.00   4/27/2048    RUB    60.06
EFG International Finance   12.86  10/30/2017    EUR     1.41
Atomenergoprom JSC           9.33   12/3/2026    RUB    60.00
Sankt-Peterburg Telecom O   10.70   1/31/2022    RUB    60.07
ROSSETI PJSC                11.25  11/14/2025    RUB   104.30
BLT Finance BV               7.50   5/15/2014    USD     2.29
Tatfondbank PJSC            13.50   5/28/2025    RUB     1.62
AKB Metallinvestbank PAO    11.00   5/21/2020    RUB    60.00
HSBC Bank PLC                0.50   1/29/2027    NZD    67.18
Lehman Brothers Treasury     0.50  12/20/2017    USD     0.65
Lehman Brothers Treasury     4.15   8/25/2020    EUR     0.65
Nauka-Svyaz OAO             13.50   5/10/2018    RUB   100.00
Western High-Speed Diamet   10.44   5/13/2031    RUB    93.99
Svensk Exportkredit AB       0.50   6/20/2029    AUD    68.78
ENEL RUSSIA PJSC            12.10   5/22/2025    RUB    60.16
Koncessii Teplosnabzheniy   12.50    4/6/2032    RUB    60.03
Lehman Brothers Treasury     8.00   3/19/2012    USD     0.65
Lehman Brothers Treasury     3.00   9/12/2036    JPY    10.00
Bank Julius Baer & Co Ltd   10.25   5/17/2017    CHF    59.35
EFG International Finance    8.99    9/4/2017    EUR     3.34
Immigon Portfolioabbau AG    5.45    8/2/2019    EUR    72.70
Tatfondbank PJSC             6.67    2/3/2026    RUB     1.83
Miratorg-Finans OOO         11.00   8/24/2021    RUB    60.00
Societe Generale SA          0.50    7/6/2021    BRL    68.16
Nuova Banca delle Marche     7.20   6/30/2018    EUR     1.24
Bulgaria Steel Finance BV   12.00    5/4/2013    EUR     2.46
TGC-1 PJSC                  14.40  12/14/2021    RUB    60.01
Lehman Brothers Treasury     8.25    2/3/2016    EUR     0.65
Lehman Brothers Treasury     0.50  12/20/2017    AUD     0.65
Credit Suisse AG/London      3.00  11/15/2025    ZAR    63.13
UBS AG/London                8.00   5/19/2021    USD    10.00
EFG International Finance    7.20   7/29/2020    EUR    34.34
Bank VTB 24 JSC              9.00    9/1/2044    RUB
Leonteq Securities AG/Gue   29.61  10/26/2017    EUR    30.12
Banca delle Marche SpA       6.00    5/8/2018    EUR     0.70
RGS Nedvizhimost OOO        12.00  10/18/2017    RUB   100.00
Center-Invest Commercial     8.70  11/13/2018    RUB    60.10
Atomenergoprom JSC           9.33   11/2/2026    RUB    60.00
Lehman Brothers Treasury     7.50    5/2/2017    EUR     0.65
Lehman Brothers Treasury    11.00   6/29/2009    EUR     0.65
Lehman Brothers Treasury    13.15  10/30/2008    USD     0.65
Lehman Brothers Treasury     4.60    7/6/2016    EUR     0.65
Lehman Brothers Treasury     8.00   2/16/2016    EUR     0.65
Main Road OJSC               4.30  11/22/2028    RUB    59.01
Municipality Finance PLC     0.50   5/31/2022    ZAR    62.42
Bank Nederlandse Gemeente    0.50   8/15/2022    ZAR    61.89
Kommunekredit                0.50  12/14/2020    ZAR    72.20
Lenenergo PJSC               9.80    7/9/2025    RUB    60.00
Univer Capital LLC          12.00    3/6/2019    RUB    59.00
Svensk Exportkredit AB       0.50   2/22/2022    ZAR    64.23
Driver & Bengsch AG          8.50  12/31/2027    EUR     0.00
DekaBank Deutsche Girozen    0.12   6/23/2034    EUR    72.42
LBI HF                       2.25   2/14/2011    CHF     5.88
Lehman Brothers Treasury     4.25   3/13/2021    EUR     0.65
Lehman Brothers Treasury     4.05   9/16/2008    EUR     0.65
Ashinskiy metallurgical w    5.80   6/17/2024    RUB    70.01
Rosselkhozbank JSC          11.35   7/14/2025    RUB    62.00
Vegarshei Sparebank          4.99                NOK    73.62
EFG International Finance    7.20   2/25/2019    EUR    15.51
Banca Monte dei Paschi di    7.00    3/4/2019    EUR    37.21
Credit Suisse AG/London      7.70   8/20/2025    USD     9.89
IFK Soyuz OAO               14.00   7/18/2028    RUB   100.00
Nuova Banca delle Marche     7.75   6/30/2018    EUR     1.24
Lehman Brothers Treasury     4.10   6/10/2014    SGD     9.63
Lehman Brothers Treasury     1.75    2/7/2010    EUR     0.65
Lehman Brothers Treasury    10.44  11/22/2008    CHF     0.65
Province of Brescia Italy    0.14   6/30/2036    EUR    59.07
Bank Nederlandse Gemeente    0.50   9/20/2022    MXN    66.50
LBI HF                       7.43                USD     0.00
Lehman Brothers Treasury     6.00   2/19/2023    USD     0.65
Credit Suisse AG/London      0.50    1/8/2026    BRL    45.97
Region of Bihor              1.45  12/15/2027    RON    67.00
Cooperatieve Rabobank UA     0.50   8/21/2028    MXN    39.64
DekaBank Deutsche Girozen    0.01   6/29/2046    EUR    55.42
Exane Finance SA             5.00  12/20/2019    SEK    64.40
Societe Generale Effekten    4.00   6/26/2017    EUR    50.59
Commerzbank AG               1.00   2/19/2020    USD    19.92
Natixis Structured Issuan   11.70   12/8/2023    EUR    47.60
Voss Veksel OG Landmands     8.15                NOK    73.50
KPNQwest NV                  8.88    2/1/2008    EUR     1.00
OOO SPV Structural Invest    0.01    9/1/2023    RUB    65.38
Cerruti Finance SA           6.50   7/26/2004    EUR     1.21
Banca delle Marche SpA       6.00   6/12/2018    EUR     0.70
KPNQwest NV                  8.88    2/1/2008    EUR     1.00
SUEK Finance                12.50   8/19/2025    RUB   100.00
Synergy PJSC                14.50   5/28/2020    RUB    61.01
Kaupthing ehf                3.75   2/15/2024    ISK    17.63
UBS AG/London               14.50   5/26/2017    CHF    63.55
Transgazservice LLP         10.50   11/8/2019    RUB     0.01
Credit Suisse AG/London      7.86  10/31/2019    USD    10.00
Rinol AG                     5.50  10/15/2006    DEM     0.00
UniCredit Bank Austria AG    0.15   1/22/2031    EUR    72.51
Loan Portfolio Securitiza    8.50  12/14/2018    USD    22.45
Eiendomskreditt              4.26                NOK    54.58
Northland Resources AB      12.25   3/26/2016    USD     0.44
Municipality Finance PLC     0.50  11/25/2020    ZAR    72.33
Europlan PJSC               12.50   3/26/2019    RUB    85.01
Svensk Exportkredit AB       0.50   8/25/2021    ZAR    67.50
Lehman Brothers Treasury     7.50   6/15/2017    USD     0.65
SG Issuer SA                 6.65  10/10/2021    EUR    70.57
Raiffeisen Versicherung A    2.02                EUR    28.83
Kaupthing ehf                7.63   2/28/2015    USD    17.63
Lehman Brothers Treasury    13.50    6/2/2009    USD     0.65
Lehman Brothers Treasury     2.00   6/28/2011    EUR     0.65
Lehman Brothers Treasury     4.00  11/24/2016    EUR     0.65
Banca Monte dei Paschi di    0.67   1/15/2018    EUR    37.34
Lehman Brothers Treasury    14.90  11/16/2010    EUR     0.65
Araratbank OJSC              7.00   6/18/2019    USD    26.17
UniCredit Bank AG            5.40   6/30/2017    EUR    64.71
Province of Milan Italy      0.03  12/22/2033    EUR    69.06
Nota-Bank OJSC              13.50    4/1/2016    RUB    31.50
Zurcher Kantonalbank Fina    3.80   5/22/2017    EUR    61.99
Bayerische Landesbank        2.40   7/20/2018    EUR    72.69
City of Siret Romania        2.24    3/1/2028    RON    50.00
Communaute Francaise de B    0.50   6/27/2046    EUR    65.53
Agrokompleks OOO             0.10   7/29/2019    RUB     4.51
Leonteq Securities AG/Gue    5.00   1/20/2020    CHF    73.30
Fonciere Volta SA            4.50   7/30/2020    EUR     2.55
Lehman Brothers Treasury     3.60   3/19/2018    JPY     0.65
Credit Suisse AG/Nassau      7.13   6/26/2017    CHF    65.37
RESO-Garantia Insurance P   12.00   9/13/2022    RUB    60.08
Torgovyi Dom Spartak-Kaza   14.00    5/2/2017    RUB    30.03
Absolut Bank PAO             8.55   4/29/2020    RUB   100.00
Espirito Santo Financial     6.88  10/21/2019    EUR     0.05
Svensk Exportkredit AB       0.10  11/20/2019    TRY    72.13
BKZ Finance OAO             17.00  12/20/2019    RUB    99.90
Municipality Finance PLC     0.50  11/17/2020    BRL    74.16
Polski Bank Spoldzielczy     4.81   6/22/2021    PLN
Lehman Brothers Treasury    15.00   3/30/2011    EUR     0.65
Lehman Brothers Treasury     4.69   2/19/2017    EUR     0.65
Lehman Brothers Treasury     5.00   2/28/2032    EUR     0.65
Lehman Brothers Treasury     9.75   6/22/2018    USD     0.65
Lehman Brothers Treasury    12.40   6/12/2009    USD     0.65
Lehman Brothers Treasury     5.00  10/24/2008    CHF     0.65
Lehman Brothers Treasury     7.00   4/14/2009    EUR     0.65
Lehman Brothers Treasury     5.00  11/22/2012    EUR     0.65
Lehman Brothers Treasury     6.00    8/7/2013    EUR     0.65
Petromena ASA                9.75   5/24/2016    NOK     0.59
Province of Rovigo Italy     0.06  12/28/2035    EUR    60.06
Noyabrskaya Pge OOO          8.50  11/10/2020    RUB    60.00
Municipality Finance PLC     0.25   6/28/2040    CAD    30.44
Lehman Brothers Treasury     1.50  10/12/2010    EUR     0.65
HSBC Bank PLC                0.50  12/22/2025    BRL    44.78
SAir Group                   2.75   7/30/2004    CHF    13.00
Credit Suisse AG             0.50  12/16/2025    BRL    46.99
First Collection Bureau O   15.00  10/15/2021    RUB    91.10
UniCredit Bank AG            0.41  11/19/2029    EUR    61.88
Sidetur Finance BV          10.00   4/20/2016    USD     5.25
Bank VTB 24 JSC              9.00   9/15/2044    RUB
Vesta ZAO                   12.50   12/4/2026    RUB    99.40
Barclays Bank PLC            2.28   8/31/2031    USD    62.89
Lehman Brothers Treasury     3.00   8/13/2011    EUR     0.65
Lehman Brothers Treasury     4.00   3/10/2011    EUR     0.65
Lehman Brothers Treasury     0.50    7/2/2020    EUR     0.65
Lehman Brothers Treasury     0.50    8/1/2020    EUR     0.65
Lehman Brothers Treasury     0.50  12/20/2017    AUD     9.63
Lehman Brothers Treasury     7.00  10/22/2010    EUR     0.65
Lehman Brothers Treasury     4.60  10/11/2017    ILS    10.00
Eiendomskreditt              5.21                NOK    65.13
Nuova Banca Popolare dell    3.50   6/28/2018    EUR     0.78
Indre Sogn Sparebank         5.95                NOK    54.21
NIBC Bank NV                25.98    5/7/2029    EUR    73.45
Portugal Telecom Internat    4.38   3/24/2017    EUR    32.63
Holdikks SAS                 6.75   7/15/2021    EUR    56.16
Credit Suisse AG/Nassau      6.38   6/12/2017    EUR    59.89
EFG International Finance    7.19    5/6/2019    EUR    17.15
Notenstein La Roche Priva    6.50    7/2/2018    USD    59.73
Polski Bank Spoldzielczy     5.31   9/14/2027    PLN    56.00
Kubanenergo PJSC            10.44  11/21/2025    RUB    60.00
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    57.62
Rusfinans Bank OOO           9.65   2/26/2021    RUB    60.11
Zapsibcombank PAO            5.00    9/4/2017    RUB    60.00
IT Holding Finance SA        9.88  11/15/2012    EUR     1.37
TransFin-M PAO              13.00    9/3/2025    RUB   100.02
Kubanenergo PJSC            12.63  11/11/2025    RUB    60.00
TGC-1 PJSC                   5.80   2/14/2022    RUB    60.01
Societe Generale SA          0.50    8/4/2021    BRL    67.72
Lehman Brothers Treasury     3.40   9/21/2009    HKD     0.65
Lehman Brothers Treasury     6.60   2/22/2012    EUR     0.65
Lehman Brothers Treasury     7.60    3/4/2010    NZD     0.65
Lehman Brothers Treasury     4.35    8/8/2016    SGD     9.63
Lehman Brothers Treasury     6.25    9/5/2011    EUR     0.65
Lehman Brothers Treasury    14.10  11/12/2008    USD     0.65
Bank Julius Baer & Co Ltd   11.30    6/7/2017    CHF    64.35
Lehman Brothers Treasury    16.00   10/8/2008    CHF     0.65
Lehman Brothers Treasury     0.50  12/20/2017    USD     0.65
SAir Group                   2.75   7/30/2004    CHF    13.00
Espirito Santo Financial     5.63   7/28/2017    EUR     0.78
Societe Generale SA          0.50   5/30/2023    MXN    61.29
Lehman Brothers Treasury     2.30   4/28/2014    JPY     0.65
LBI HF                       5.08    3/1/2013    ISK     5.88
Lehman Brothers Treasury     4.05   9/16/2008    EUR     0.65
Credit Suisse AG/London      8.95    6/6/2017    USD    61.71
Vontobel Financial Produc    3.00   6/13/2017    EUR    52.54
Kommunekredit                0.50   5/11/2029    CAD    71.71
AKB Peresvet ZAO            12.75   7/24/2018    RUB    19.74
Agrokompleks OOO             0.10   12/8/2022    RUB     1.55
AKB Peresvet ZAO             2.41    9/2/2020    RUB    11.34
Zurcher Kantonalbank Fina    8.50  10/16/2017    CHF    70.81
Bayerische Landesbank        2.60   3/29/2018    EUR    70.10
Bayerische Landesbank        3.20   7/27/2018    EUR    68.69
DekaBank Deutsche Girozen    3.00   4/30/2019    EUR    68.11
Bayerische Landesbank        2.90   6/22/2018    EUR    71.05
Bayerische Landesbank        2.70    7/6/2018    EUR    66.75
Bank J Safra Sarasin AG/G    8.00    5/4/2017    CHF    71.82
Notenstein La Roche Priva    4.50  10/31/2018    CHF    74.59
Credit Suisse AG/London      8.00  11/29/2019    USD     7.50
DekaBank Deutsche Girozen    3.45    6/1/2018    EUR    67.03
DekaBank Deutsche Girozen    3.40    4/9/2018    EUR    58.99
BNP Paribas SA               0.50  11/16/2032    MXN    28.94
Agrokor dd                   9.13    2/1/2020    EUR    36.15
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    38.64
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    60.82
Lehman Brothers Treasury     8.60   7/31/2013    GBP     0.65
Banca Monte dei Paschi di    5.60    9/9/2020    EUR    36.02
Credit Suisse AG/Nassau      7.25   7/13/2017    CHF    66.00
Espirito Santo Financial     9.75  12/19/2025    EUR     0.52
Credit Agricole Corporate    0.50    3/6/2023    RUB    61.94
ESFIL-Espirito Santo Fina    5.25   6/12/2015    EUR     1.42
Espirito Santo Financial     3.13   12/2/2018    EUR     0.24
UniCredit Bank AO           12.00  11/20/2019    RUB    60.16
Barclays Bank PLC            0.50   3/13/2023    RUB    61.98
Hellas Telecommunications    8.50  10/15/2013    EUR     0.50
HSBC Bank PLC                0.50   2/24/2027    NZD    67.21
Nuova Banca delle Marche     8.00   6/30/2018    EUR     1.24
Lehman Brothers Treasury    10.00    1/3/2012    BRL     0.65
Lehman Brothers Treasury     6.00  12/30/2017    EUR     0.65
Lehman Brothers Treasury     5.20   3/19/2018    EUR     0.65
Lehman Brothers Treasury     6.45   2/20/2010    AUD     0.65
Lehman Brothers Treasury     6.00  10/24/2008    EUR     0.65
Lehman Brothers Treasury     4.95  10/25/2036    EUR     0.65
Lehman Brothers Treasury     6.50   7/24/2026    EUR     0.65
Cassa di Risparmio di San    2.00   6/15/2025    EUR    74.75
SG Issuer SA                 5.50   4/10/2021    EUR    66.42
Lehman Brothers Treasury     8.00   4/20/2009    EUR     0.65
Kreditanstalt fuer Wieder    0.25   10/6/2036    CAD    40.85
Lehman Brothers Treasury     3.00   8/15/2017    EUR     0.65
Lehman Brothers Treasury     0.50  12/20/2017    AUD     0.65
Lehman Brothers Treasury     6.50   5/16/2015    EUR     0.65
Lehman Brothers Treasury     3.50   9/29/2017    EUR     0.65
Lehman Brothers Treasury     3.00    8/8/2017    EUR     0.65
Lehman Brothers Treasury     3.50   9/19/2017    EUR     0.65
Lehman Brothers Treasury     4.50    3/7/2015    EUR     0.65
Lehman Brothers Treasury     0.50  12/20/2017    AUD     0.65
Lehman Brothers Treasury     6.30  12/21/2018    USD     0.65
Lehman Brothers Treasury     7.00   2/15/2010    CHF     0.65
State of Saxony-Anhalt       0.30    7/3/2028    EUR    52.00
Gold-Zack AG                 7.00  12/14/2005    EUR    12.80
Lehman Brothers Treasury     2.30   6/27/2013    USD     0.65
Lehman Brothers Treasury     2.37   7/15/2013    USD     0.65
Lehman Brothers Treasury     1.95   11/4/2013    EUR     0.65
Lehman Brothers Treasury     4.00   2/28/2010    EUR     0.65
Lehman Brothers Treasury     7.06  12/29/2008    EUR     0.65
Kaupthing ehf                7.00   7/24/2009    ISK    17.63
Lehman Brothers Treasury     6.72  12/29/2008    EUR     0.65
Lehman Brothers Treasury     6.60    2/9/2009    EUR     0.65
Lehman Brothers Treasury     0.75   3/29/2012    EUR     0.65
Lloyds Bank PLC              0.50   7/26/2021    BRL    66.99
Russian Railways JSC        13.90   5/30/2040    RUB
Pierer Industrie AG          5.75                EUR    58.63
Landesbank Baden-Wuerttem    4.20   6/23/2017    EUR    74.38
Rossiysky Capital OJSC      10.50   1/16/2020    RUB    60.11
HSBC Bank PLC                0.50   4/27/2027    NZD    66.63
Lehman Brothers Treasury     7.50   7/31/2013    GBP     0.65
Soyuz AKB OAO               10.50   6/11/2020    RUB    60.00
Transcapitalbank JSC        11.25   5/30/2023    RUB    60.01
YamalStroiInvest            14.25   4/24/2021    RUB    65.70
Lehman Brothers Treasury     0.50   2/16/2009    EUR     0.65
Rusfinans Bank OOO          12.23  10/23/2019    RUB    60.06
IDGC of the South PJSC      13.50    6/8/2020    RUB    60.00
Lehman Brothers Treasury     6.00   5/23/2018    CZK     0.65
Astana Finance BV            7.88    6/8/2010    EUR    16.88
Lehman Brothers Treasury     0.25  10/19/2012    CHF     0.65
Lehman Brothers Treasury    13.50  11/28/2008    USD     0.65
Lehman Brothers Treasury    12.00    7/4/2011    EUR     0.65
Lehman Brothers Treasury    11.00  12/20/2017    AUD     0.65
Kaupthing ehf                7.50   12/5/2014    ISK    17.63
Russian Railways JSC         6.80   5/20/2044    RUB
BNP Paribas Emissions- un    3.00  10/12/2018    EUR    69.93
DekaBank Deutsche Girozen    3.00   5/12/2017    EUR    58.72
EFG International Finance    6.40    4/9/2020    EUR    70.25
State Transport Leasing C    9.03    9/5/2031    RUB   100.00
Societe Generale SA          7.00  10/20/2020    USD    10.70
Notenstein La Roche Priva    8.99   7/22/2019    EUR    34.82
Reso-Leasing OOO            10.50   9/21/2023    RUB    60.01
LizinGarant OOO             12.00  12/11/2017    RUB   100.00
Barclays Bank PLC            1.64    6/3/2041    USD    72.69
HSBC Bank PLC                0.50  10/30/2026    NZD    68.09
Lehman Brothers Treasury     5.25  11/21/2009    USD     0.65
Bank Julius Baer & Co Ltd   11.60  10/11/2017    CHF    69.30
Lehman Brothers Treasury     9.25   6/20/2012    USD     0.65
Lehman Brothers Treasury     3.00   9/13/2010    JPY    10.00
Leonteq Securities AG        7.00  10/19/2017    CHF    73.29
Norddeutsche Landesbank G    3.00  10/30/2018    EUR    61.68
Lehman Brothers Treasury     7.39    5/4/2017    USD     0.65
Lehman Brothers Treasury     4.25   5/15/2010    EUR     0.65
Lehman Brothers Treasury     3.35  10/13/2016    EUR     0.65
Lehman Brothers Treasury     0.80  12/30/2016    EUR     0.65
Lehman Brothers Treasury     4.00   5/30/2010    USD     0.65
Lehman Brothers Treasury     4.00   5/17/2010    USD     0.65
Lehman Brothers Treasury     2.48   5/12/2009    USD     0.65
Lehman Brothers Treasury     2.25   5/12/2009    USD     0.65
Lehman Brothers Treasury    13.00   7/25/2012    EUR     0.65
Lehman Brothers Treasury    10.00    8/2/2037    JPY     0.65
Lehman Brothers Treasury     2.50   8/23/2012    GBP     0.65
Lehman Brothers Treasury     6.00   9/20/2011    EUR     0.65
Lehman Brothers Treasury    18.25   10/2/2008    USD     0.65
Lehman Brothers Treasury     4.00  10/12/2010    USD     0.65
Goldman Sachs & Co Wertpa   16.00   6/21/2017    EUR    71.85
DekaBank Deutsche Girozen    3.50  10/28/2019    EUR    67.58
Bank Julius Baer & Co Ltd    5.50   11/6/2017    CHF    58.75
Goldman Sachs & Co Wertpa   16.00   6/21/2017    EUR    69.63
Societe Generale Effekten    8.47   6/23/2017    EUR    70.70
Societe Generale Effekten    8.81   6/23/2017    EUR    58.03
Societe Generale Effekten    9.62   6/23/2017    EUR    51.17
Societe Generale Effekten   11.68   6/23/2017    EUR    48.20
UBS AG/London                3.81  10/28/2017    USD    59.50
Notenstein La Roche Priva    7.70    5/9/2017    CHF    42.89
Landesbank Baden-Wuerttem    4.00   4/28/2017    EUR    71.79
Landesbank Baden-Wuerttem    5.00   4/28/2017    EUR    68.34
Leonteq Securities AG        7.00   11/6/2017    CHF    44.36
Zurcher Kantonalbank Fina   10.00   5/17/2017    CHF    72.53
DZ Bank AG Deutsche Zentr    8.30   9/22/2017    EUR    59.74
HSBC Trinkaus & Burkhardt    1.75   8/25/2017    EUR    73.05
Zurcher Kantonalbank Fina   12.10    9/6/2017    CHF    69.08
UBS AG/London                6.30  12/29/2017    EUR    66.18
UBS AG/London               16.90   6/30/2017    EUR    73.85
Commerzbank AG               4.00    9/8/2017    EUR    71.88
Lehman Brothers Treasury     6.00   2/14/2012    EUR     0.65
Lehman Brothers Treasury     7.00   2/15/2012    EUR     0.65
Lehman Brothers Treasury     6.00   5/12/2017    EUR     0.65
Lehman Brothers Treasury     4.10   2/19/2010    EUR     0.65
Lehman Brothers Treasury     3.50  10/31/2011    USD     0.65
Lehman Brothers Treasury     3.50  10/24/2011    USD     0.65
Lehman Brothers Treasury     1.68    3/5/2015    EUR     0.65
Lehman Brothers Treasury     9.00   5/15/2022    USD     0.65
Lehman Brothers Treasury     6.75    4/5/2012    EUR     0.65
Lehman Brothers Treasury     5.00   4/24/2017    EUR     0.65
HSBC Bank PLC                0.50   12/8/2026    AUD    70.99
Lehman Brothers Treasury     7.05    4/8/2015    USD     0.65
Lehman Brothers Treasury     7.80   3/31/2018    USD     0.65
Lehman Brothers Treasury     9.50    4/1/2018    USD     0.65
Lehman Brothers Treasury     6.00    3/4/2015    USD     0.65
Lehman Brothers Treasury     3.50   6/20/2011    EUR     0.65
Lehman Brothers Treasury    10.00  10/23/2008    USD     0.65
Lehman Brothers Treasury     6.60   5/23/2012    AUD     0.65
Lehman Brothers Treasury    16.00  10/28/2008    USD     0.65
Upravlenie Otkhodami ZAO    16.90    6/1/2025    RUB    98.84
Lehman Brothers Treasury     5.50   4/23/2014    EUR     0.65
Lehman Brothers Treasury     5.00   2/15/2018    EUR     0.65
Lehman Brothers Treasury     9.00    5/6/2011    CHF     0.65
Lehman Brothers Treasury    16.20   5/14/2009    USD     0.65
Lehman Brothers Treasury    10.60   4/22/2014    MXN     0.65
Lehman Brothers Treasury    16.00   11/9/2008    USD     0.65
Lehman Brothers Treasury     8.00   5/22/2009    USD     0.65
Lehman Brothers Treasury    17.00    6/2/2009    USD     0.65
Lehman Brothers Treasury     7.15   3/21/2013    USD     0.65
Lehman Brothers Treasury     7.50   2/14/2010    AUD     0.65
Lehman Brothers Treasury    10.00  10/22/2008    USD     0.65
Lehman Brothers Treasury     3.45   5/23/2013    USD     0.65
Lehman Brothers Treasury    10.00   5/22/2009    USD     0.65
Lehman Brothers Treasury     4.60    8/1/2013    EUR     0.65
Lehman Brothers Treasury    15.00    6/4/2009    CHF     0.65
Lehman Brothers Treasury    23.30   9/16/2008    USD     0.65
Lehman Brothers Treasury     3.00    6/3/2010    EUR     0.65
Lehman Brothers Treasury     4.50    3/6/2013    CHF     0.65
Lehman Brothers Treasury     4.00   4/24/2009    USD     0.65
Lehman Brothers Treasury     9.00   6/13/2009    USD     0.65
Lehman Brothers Treasury     9.00   3/17/2009    GBP     0.65
Lehman Brothers Treasury     7.00  11/28/2008    CHF     0.65
Lehman Brothers Treasury     7.38   9/20/2008    EUR     0.65
Lehman Brothers Treasury     3.85   4/24/2009    USD     0.65
Lehman Brothers Treasury     7.25   10/6/2008    EUR     0.65
Lehman Brothers Treasury    10.50    8/9/2010    EUR     0.65
Lehman Brothers Treasury     8.00   5/22/2009    USD     0.65
Lehman Brothers Treasury     4.50   7/24/2014    EUR     0.65
Lehman Brothers Treasury     5.75   6/15/2009    CHF     0.65
Lehman Brothers Treasury     7.50  10/24/2008    USD     0.65
Lehman Brothers Treasury    10.00   3/27/2009    USD     0.65
Lehman Brothers Treasury     7.75   1/30/2009    EUR     0.65
Lehman Brothers Treasury     0.25   7/21/2014    EUR     0.65
Lehman Brothers Treasury     8.00    8/3/2009    USD     0.65
Lehman Brothers Treasury     5.50   6/15/2009    CHF     0.65
Lehman Brothers Treasury     1.50  10/25/2011    EUR     0.65
Lehman Brothers Treasury     2.50  12/15/2011    GBP     0.65
Lehman Brothers Treasury    11.00  12/19/2011    USD     0.65
Lehman Brothers Treasury     0.50    6/2/2020    EUR     0.65
Lehman Brothers Treasury    11.00    7/4/2011    CHF     0.65
Lehman Brothers Treasury    16.00  12/26/2008    USD     0.65
Lehman Brothers Treasury    13.43    1/8/2009    ILS     0.65
Lehman Brothers Treasury     7.75    1/3/2012    AUD     0.65
Lehman Brothers Treasury     3.10    6/4/2010    USD     0.65
Lehman Brothers Treasury     5.25    7/8/2014    EUR     0.65
Lehman Brothers Treasury     2.30    6/6/2013    USD     0.65
Lehman Brothers Treasury    11.00    5/9/2020    USD     0.65
Lehman Brothers Treasury     4.30    6/4/2012    USD     0.65
Lehman Brothers Treasury     4.00    6/5/2011    USD     0.65
Lehman Brothers Treasury    10.00   6/17/2009    USD     0.65
Lehman Brothers Treasury    11.00    7/4/2011    USD     0.65
Lehman Brothers Treasury     5.50    7/8/2013    EUR     0.65
Lehman Brothers Treasury     2.50   8/15/2012    CHF     0.65
Lehman Brothers Treasury    16.80   8/21/2009    USD     0.65
Lehman Brothers Treasury     4.00   8/11/2010    USD    10.00
Lehman Brothers Treasury     7.50   5/30/2010    AUD     0.65
Lehman Brothers Treasury     6.70   4/21/2011    USD     0.65
Lehman Brothers Treasury     8.00  12/27/2032    JPY     0.65
Lehman Brothers Treasury     1.50    2/8/2012    CHF     0.65
Lehman Brothers Treasury     2.00  11/16/2009    EUR     0.65
Lehman Brothers Treasury     3.70    6/6/2009    EUR     0.65
Lehman Brothers Treasury     8.50    7/6/2009    CHF     0.65
Lehman Brothers Treasury     7.50   9/13/2009    CHF     0.65
Lehman Brothers Treasury     4.50    8/2/2009    USD     0.65
DZ Bank AG Deutsche Zentr   11.50   6/23/2017    EUR    54.61
Commerzbank AG              10.25   5/25/2017    EUR    66.58
Commerzbank AG              13.25   5/25/2017    EUR    59.61
Commerzbank AG              17.00   5/25/2017    EUR    54.17
HSBC Trinkaus & Burkhardt    7.90   9/22/2017    EUR    65.17
HSBC Trinkaus & Burkhardt    5.40   9/22/2017    EUR    70.45
BNP Paribas Emissions- un    5.00  10/26/2017    EUR    71.06
BNP Paribas Emissions- un    5.00  12/21/2017    EUR    71.21
BNP Paribas Emissions- un    6.00  12/21/2017    EUR    68.74
BNP Paribas Emissions- un    9.00  12/21/2017    EUR    65.16
HSBC Trinkaus & Burkhardt    9.20   6/23/2017    EUR    72.28
BNP Paribas Emissions- un   16.00   9/21/2017    EUR    56.83
BNP Paribas Emissions- un    6.00  10/26/2017    EUR    67.98
BNP Paribas Emissions- un    9.00  10/26/2017    EUR    64.06
BNP Paribas Emissions- un   13.00  10/26/2017    EUR    58.87
BNP Paribas Emissions- un   13.00  12/21/2017    EUR    58.97
BNP Paribas Emissions- un   16.00   6/22/2017    EUR    55.29
BNP Paribas Emissions- un   19.00   6/22/2017    EUR    53.49
BNP Paribas Emissions- un    6.00   9/21/2017    EUR    67.37
BNP Paribas Emissions- un    9.00   9/21/2017    EUR    62.88
BNP Paribas Emissions- un   13.00   9/21/2017    EUR    57.77
BNP Paribas Emissions- un   22.00   6/22/2017    EUR    70.74
BNP Paribas Emissions- un   19.00   9/21/2017    EUR    73.83
BNP Paribas Emissions- un    8.00   6/22/2017    EUR    66.63
BNP Paribas Emissions- un    5.00   9/21/2017    EUR    70.20
Bank Julius Baer & Co Ltd   11.85   8/30/2017    CHF    70.20
Lehman Brothers Treasury     6.00   3/17/2011    EUR     0.65
Lehman Brothers Treasury     4.70   3/23/2016    EUR     0.65
Lehman Brothers Treasury     4.70   3/23/2016    EUR     0.65
Lehman Brothers Treasury     7.75   2/21/2016    EUR     0.65
Lehman Brothers Treasury     6.00   7/28/2010    EUR     0.65
Lehman Brothers Treasury     6.00   12/6/2016    USD     0.65
Lehman Brothers Treasury     7.25   6/20/2010    USD     0.65
Lehman Brothers Treasury    10.00    1/4/2010    USD     0.65
Lehman Brothers Treasury     4.10   8/23/2010    USD     0.65
Lehman Brothers Treasury     5.12   4/30/2027    EUR     0.65
Lehman Brothers Treasury     5.50  11/30/2012    CZK     0.65
Lehman Brothers Treasury     2.50   11/9/2011    CHF     0.65
Lehman Brothers Treasury     8.80  12/27/2009    EUR     0.65
Lehman Brothers Treasury     4.00    1/4/2011    USD     0.65
Lehman Brothers Treasury     0.50  12/20/2017    AUD     0.65
Lehman Brothers Treasury     9.30  12/21/2010    EUR     0.65
Lehman Brothers Treasury     0.50  12/20/2017    USD     0.65
Lehman Brothers Treasury     0.50  12/20/2017    USD     0.65
HSBC Trinkaus & Burkhardt    8.40   9/22/2017    EUR    60.05
Lehman Brothers Treasury     6.00   7/28/2010    EUR     0.65
Lehman Brothers Treasury     7.50    8/1/2035    EUR     0.65
Lehman Brothers Treasury     5.00    9/1/2011    EUR     0.65
Lehman Brothers Treasury     4.68  12/12/2045    EUR     0.65
Lehman Brothers Treasury    13.00  12/14/2012    USD     0.65
Lehman Brothers Treasury     4.82  12/18/2036    EUR     0.65
Lehman Brothers Treasury     4.50  12/30/2010    USD     0.65
Lehman Brothers Treasury     7.00   7/11/2010    EUR     0.65
Lehman Brothers Treasury     4.80  11/16/2012    HKD     0.65
Lehman Brothers Treasury     5.25    4/1/2023    EUR     0.65
Lehman Brothers Treasury     5.00    8/1/2025    EUR     0.65
Lehman Brothers Treasury     6.00  10/30/2012    USD     0.65
Lehman Brothers Treasury     3.00   12/3/2012    EUR     0.65
Lehman Brothers Treasury    11.00  12/20/2017    AUD     0.65
Lehman Brothers Treasury     8.00  12/31/2010    USD     0.65
UBS AG/London                6.00   10/5/2017    CHF    51.00
Commerzbank AG              12.50   4/26/2017    EUR    48.55
Araratbank OJSC              8.00   6/10/2018    USD    26.09
ECM Real Estate Investmen    5.00   10/9/2011    EUR    10.38
Lehman Brothers Treasury     8.00  10/23/2008    USD     0.65
Lehman Brothers Treasury    12.22  11/21/2017    USD     0.65
Lehman Brothers Treasury     3.50  12/20/2027    USD     0.65
Lehman Brothers Treasury     5.38    2/4/2014    USD     0.65
Lehman Brothers Treasury    10.00   2/16/2009    CHF     0.65
Lehman Brothers Treasury    13.00   2/16/2009    CHF     0.65
City of Targu-Mures Roman    0.75   8/15/2027    RON    67.00
Promnefteservis OOO         10.50  11/21/2019    RUB     0.80
Lehman Brothers Treasury     8.00   3/21/2018    USD     0.65
Lehman Brothers Treasury     8.00  10/17/2014    EUR     0.65
Lehman Brothers Treasury    11.00   2/16/2009    CHF     0.65
Lehman Brothers Treasury     6.25  11/30/2012    EUR     0.65
Lehman Brothers Treasury     1.00   2/26/2010    USD     0.65
Lehman Brothers Treasury    11.75    3/1/2010    EUR     0.65
HSBC Trinkaus & Burkhardt    9.60   6/23/2017    EUR    53.66
HSBC Trinkaus & Burkhardt    2.50   9/22/2017    EUR    70.98
Leonteq Securities AG       10.20  10/24/2018    EUR    67.57
UniCredit Bank AG            5.00   6/22/2017    EUR    71.21
UniCredit Bank AG            4.80   6/22/2017    EUR    73.42
DZ Bank AG Deutsche Zentr    9.20   6/23/2017    EUR    72.19
Bank Julius Baer & Co Ltd    8.15   5/17/2017    CHF    71.15
Vontobel Financial Produc    3.00   5/26/2017    CHF    74.86
HSBC Trinkaus & Burkhardt   11.70   6/23/2017    EUR    61.34
HSBC Trinkaus & Burkhardt    8.70   6/23/2017    EUR    68.38
UniCredit Bank AG            4.80   6/22/2017    EUR    72.64
HSBC Trinkaus & Burkhardt    6.50   1/29/2018    EUR    66.97
Vontobel Financial Produc   11.00    6/9/2017    EUR    74.13
Credit Suisse AG/Nassau      7.25   6/14/2017    CHF    63.49
Deutsche Bank AG             5.20   7/26/2017    EUR    73.20
Deutsche Bank AG             5.20   7/26/2017    EUR    68.80
Zurcher Kantonalbank Fina    4.75  12/11/2017    CHF    70.73
Deutsche Bank AG             7.20   7/26/2017    EUR    73.80
Deutsche Bank AG             9.20   7/26/2017    EUR    74.40
Deutsche Bank AG             7.20   7/26/2017    EUR    69.40
Deutsche Bank AG             9.20   7/26/2017    EUR    69.90
UniCredit Bank AG            5.00   6/22/2017    EUR    70.45
UniCredit Bank AG            4.60   6/22/2017    EUR    74.97
UniCredit Bank AG            5.00   6/22/2017    EUR    71.92
UniCredit Bank AG            4.80   6/22/2017    EUR    74.23
HSBC Trinkaus & Burkhardt   13.40   9/22/2017    EUR    72.19
HSBC Trinkaus & Burkhardt   11.00   8/25/2017    EUR    73.95
Vontobel Financial Produc   14.00  12/22/2017    EUR    74.32
Commerzbank AG              11.50   7/26/2017    EUR    56.55
UBS AG/London                6.40   12/8/2017    EUR    63.22
UBS AG/London                9.60   12/8/2017    EUR    58.41
Landesbank Hessen-Thuerin    5.00  10/17/2017    EUR    65.65
Goldman Sachs & Co Wertpa   10.00   6/21/2017    EUR    66.98
Goldman Sachs & Co Wertpa   11.00   6/21/2017    EUR    67.15
Goldman Sachs & Co Wertpa   10.00   6/21/2017    EUR    71.32
Goldman Sachs & Co Wertpa   11.00   6/21/2017    EUR    71.50
Landesbank Baden-Wuerttem    6.00   9/22/2017    EUR    72.69
Landesbank Baden-Wuerttem    3.00   9/22/2017    EUR    74.76
Leonteq Securities AG        6.00  10/12/2017    CHF    61.87
UniCredit Bank AG            4.50   9/19/2017    EUR    59.08
Landesbank Hessen-Thuerin    4.50  11/28/2017    EUR    66.62
Lloyds Bank PLC              0.50   7/26/2028    MXN    43.74
AKB Derzhava OJSC           11.25   7/10/2023    RUB    90.00
HSBC Bank PLC                0.50    6/9/2023    MXN    61.16
Credit Suisse AG/London      8.00   11/2/2018    USD    10.03
Bank Julius Baer & Co Ltd   12.15   11/8/2017    CHF    71.90
Goldman Sachs & Co Wertpa   16.00   6/21/2017    EUR    69.13
Goldman Sachs & Co Wertpa   15.00   9/20/2017    EUR    72.86
HSBC Bank PLC                0.50  11/25/2025    BRL    42.85
HSBC Trinkaus & Burkhardt    7.00   6/23/2017    EUR    70.94
Municipality Finance PLC     0.50  12/15/2020    BRL    73.70
Zurcher Kantonalbank Fina   10.00    6/8/2017    CHF    73.06
Deutsche Bank AG             5.20   6/20/2017    EUR    73.60
Deutsche Bank AG             7.20   6/20/2017    EUR    74.00
Deutsche Bank AG             7.20   6/20/2017    EUR    68.20
HSBC Trinkaus & Burkhardt    2.80   9/22/2017    EUR    74.84
DZ Bank AG Deutsche Zentr    5.60    9/8/2017    EUR    71.15
Bayerische Landesbank        2.60  10/19/2018    EUR    63.60
Union Technologies Inform    0.10    1/1/2020    EUR     5.30
Lehman Brothers Treasury     8.05  12/20/2010    HKD     0.65
Goldman Sachs & Co Wertpa   14.00   6/21/2017    EUR    68.79
Goldman Sachs & Co Wertpa    8.00   6/21/2017    EUR    74.25
Goldman Sachs & Co Wertpa   10.00   6/21/2017    EUR    68.59
Goldman Sachs & Co Wertpa   13.00   6/21/2017    EUR    59.59
Goldman Sachs & Co Wertpa   12.00   6/21/2017    EUR    71.16
Goldman Sachs & Co Wertpa    6.00   6/21/2017    EUR
Goldman Sachs & Co Wertpa    7.00   6/21/2017    EUR    65.24
Goldman Sachs & Co Wertpa    8.00   6/21/2017    EUR
Goldman Sachs & Co Wertpa   10.00   6/21/2017    EUR    57.24
Goldman Sachs & Co Wertpa   13.00   6/21/2017    EUR    51.24
Goldman Sachs & Co Wertpa   13.00   6/21/2017    EUR    70.66
Goldman Sachs & Co Wertpa    5.00   6/21/2017    EUR    72.46
UBS AG/London                9.25   6/26/2017    CHF    68.80
UBS AG/London                7.00   6/26/2017    EUR    62.15
Landesbank Baden-Wuerttem    3.70   7/27/2018    EUR    69.96
UBS AG/London                9.40   6/30/2017    EUR    41.60
EFG International Finance    7.20   6/26/2017    GBP     6.03
Zurcher Kantonalbank Fina    8.50   7/17/2017    CHF    57.81
Zurcher Kantonalbank Fina    9.00   7/17/2017    EUR    68.86
UBS AG/London                7.50    7/3/2017    EUR    59.60
Banque Cantonale Vaudoise    7.25    7/3/2017    CHF    54.21
Goldman Sachs & Co Wertpa   11.00   6/21/2017    EUR    67.16
Goldman Sachs & Co Wertpa   10.00   6/21/2017    EUR    71.33
DekaBank Deutsche Girozen    2.50   7/14/2017    EUR    74.42
UBS AG/London                6.25   7/24/2017    CHF    73.05
Landesbank Baden-Wuerttem    2.60   8/23/2019    EUR    68.69
Zurcher Kantonalbank Fina    5.00   7/27/2017    CHF    74.32
Kaupthing ehf                6.50   10/8/2010    ISK    17.63
Lehman Brothers Treasury     5.22    3/1/2024    EUR     0.65
Oberoesterreichische Land    0.30   4/25/2042    EUR    36.88
Lehman Brothers Treasury     8.88   1/28/2011    HKD     9.63
LBI HF                       8.65    5/1/2011    ISK     5.88
Lehman Brothers Treasury     5.00   3/13/2009    EUR     0.65
Lehman Brothers Treasury     7.63   7/22/2011    HKD     0.65
Erste Group Bank AG          9.25   6/29/2017    EUR    51.85
HSBC Trinkaus & Burkhardt    9.60   6/23/2017    EUR    56.03
Commerzbank AG              12.00   5/24/2017    EUR    48.16
HSBC Trinkaus & Burkhardt    4.30   6/23/2017    EUR    69.35
Landesbank Hessen-Thuerin    4.00    4/8/2019    EUR    60.83
UniCredit Bank AG            4.60    7/2/2018    EUR    60.04
Leonteq Securities AG        7.00   9/20/2017    CHF    71.40
Commerzbank AG               5.80   10/8/2017    EUR    69.39
Notenstein La Roche Priva    4.50   3/27/2018    EUR    56.09
Leonteq Securities AG        3.50   4/10/2018    EUR    55.14
DekaBank Deutsche Girozen    2.70   3/16/2018    EUR    70.57
Lehman Brothers Treasury     4.10   5/20/2009    USD     0.65
Lehman Brothers Treasury     2.00   5/17/2010    EUR     0.65
Lehman Brothers Treasury     3.82  10/20/2009    USD     0.65
Lehman Brothers Treasury     2.75  10/28/2009    EUR     0.65
Lehman Brothers Treasury     3.63    3/2/2012    EUR     0.65
UBS AG/London               17.90   6/30/2017    EUR    72.29
UBS AG/London               14.30   9/29/2017    EUR    74.99
HSBC Trinkaus & Burkhardt    4.80   9/22/2017    EUR    66.88
HSBC Trinkaus & Burkhardt    3.00   9/22/2017    EUR    73.02
HSBC Trinkaus & Burkhardt    8.20   9/22/2017    EUR    72.95
Raiffeisen Switzerland BV    3.50   8/25/2017    CHF    72.57
Vontobel Financial Produc   11.75    6/9/2017    EUR    65.75
Commerzbank AG              15.50   9/20/2017    EUR    72.77
Commerzbank AG              13.50  12/20/2017    EUR    74.67
Commerzbank AG               8.00   7/14/2021    USD
Landesbank Baden-Wuerttem    2.90   7/27/2018    EUR    69.25
Zurcher Kantonalbank Fina   11.25   4/26/2017    CHF    51.22
National Developing Co PA   16.00   4/15/2021    RUB   100.05
Goldman Sachs & Co Wertpa    7.00   6/21/2017    EUR    74.08
Vontobel Financial Produc    4.65   7/24/2017    EUR    65.30
BNP Paribas Emissions- un    3.50   7/27/2017    EUR    74.85
UBS AG/London                7.00   7/17/2017    CHF    54.10
Notenstein La Roche Priva    4.00   7/24/2019    CHF    73.99
Notenstein La Roche Priva    6.70   7/24/2017    EUR    67.44
Raiffeisen-Landesbank Tir    2.50    9/2/2024    EUR    71.69
Credit Suisse AG/London     10.50   7/25/2017    USD    62.10
Leonteq Securities AG       20.00  10/25/2017    CHF    74.49
Credit Suisse AG/London     10.50   7/25/2017    USD    74.20
Landesbank Baden-Wuerttem    3.40   9/28/2018    EUR    72.62
Notenstein La Roche Priva    7.00   8/11/2017    CHF    71.99
DZ Bank AG Deutsche Zentr    3.45   8/25/2017    EUR    70.75
DekaBank Deutsche Girozen    2.80   7/22/2019    EUR    71.34
Goldman Sachs & Co Wertpa   15.00   6/21/2017    EUR    69.46
Goldman Sachs & Co Wertpa   14.00   9/20/2017    EUR    72.75
Goldman Sachs & Co Wertpa   10.00   6/21/2017    EUR    65.76
Goldman Sachs & Co Wertpa   14.00   6/21/2017    EUR
Goldman Sachs & Co Wertpa   10.00   9/20/2017    EUR
Goldman Sachs & Co Wertpa   12.00   9/20/2017    EUR    62.59
Goldman Sachs & Co Wertpa   12.00   9/20/2017    EUR    60.67
Goldman Sachs & Co Wertpa   14.00   9/20/2017    EUR    74.13
Deutsche Bank AG             4.20  11/22/2017    EUR    74.50
Deutsche Bank AG             3.20  11/22/2017    EUR    71.10
Deutsche Bank AG             3.20  11/22/2017    EUR    73.30
Deutsche Bank AG             3.20  11/22/2017    EUR    69.00
DekaBank Deutsche Girozen    3.10    8/4/2017    EUR    53.31
Bayerische Landesbank        2.50   8/31/2018    EUR    74.33
Goldman Sachs & Co Wertpa    9.00   6/21/2017    EUR
Goldman Sachs & Co Wertpa   12.00   6/21/2017    EUR    48.35
Landesbank Baden-Wuerttem    4.50   8/25/2017    EUR    72.22
Landesbank Baden-Wuerttem    5.00   8/25/2017    EUR    71.93
Landesbank Baden-Wuerttem    3.00   8/25/2017    EUR    73.68
Barclays Bank PLC            0.50   3/19/2021    MXN    71.11
Leonteq Securities AG        5.00    9/4/2018    CHF    57.59
Leonteq Securities AG        5.60    9/4/2017    CHF    69.31
Leonteq Securities AG        6.77   8/17/2017    CHF    55.71
Leonteq Securities AG        5.40   8/28/2017    CHF    56.49
Zurcher Kantonalbank Fina    5.80   8/21/2017    CHF    73.70
Banque Cantonale Vaudoise    5.36   8/25/2017    CHF    74.27
Leonteq Securities AG        5.60   9/11/2017    CHF    57.04
LZMO SA                      8.50   6/30/2017    PLN    30.00
UBS AG/London                9.50    9/4/2017    CHF    20.35
DekaBank Deutsche Girozen    2.75   6/28/2019    EUR    74.52
Goldman Sachs & Co Wertpa    9.00   9/20/2017    EUR    67.70
HSBC Trinkaus & Burkhardt    9.50   6/23/2017    EUR    58.37
HSBC Trinkaus & Burkhardt    3.00   6/23/2017    EUR    74.94
Commerzbank AG               4.00   7/19/2017    EUR    54.55
Bank Julius Baer & Co Ltd    7.85   7/28/2017    USD    46.85
UBS AG/London               14.50   7/20/2017    USD    64.30
Bank Julius Baer & Co Ltd   23.00    8/4/2017    USD    47.35
Commerzbank AG               7.00   7/27/2017    EUR    65.27
Commerzbank AG              10.25   7/27/2017    EUR    59.18
Commerzbank AG              14.25   7/27/2017    EUR    54.68
Credit Suisse AG/Nassau      7.00    8/7/2017    CHF    74.79
Landesbank Baden-Wuerttem    3.00   8/25/2017    EUR    66.43
Landesbank Baden-Wuerttem    4.00   8/25/2017    EUR    62.31
Landesbank Baden-Wuerttem    5.00   8/25/2017    EUR    59.14
Landesbank Baden-Wuerttem    4.00   8/25/2017    EUR    71.65
Vontobel Financial Produc    8.35   5/26/2017    USD    65.90
BNP Paribas Emissions- un   15.00  12/21/2017    EUR    64.33
BNP Paribas Emissions- un   16.00  12/21/2017    EUR    61.41
BNP Paribas Emissions- un   18.00  12/21/2017    EUR    59.80
BNP Paribas Emissions- un   19.00  12/21/2017    EUR    58.58
BNP Paribas Emissions- un    9.00   6/22/2017    EUR    70.30
BNP Paribas Emissions- un   16.00   6/22/2017    EUR    57.47
BNP Paribas Emissions- un   12.00  12/21/2017    EUR    67.18
BNP Paribas Emissions- un    9.00   9/21/2017    EUR    72.23
BNP Paribas Emissions- un   10.00   9/21/2017    EUR    69.35
BNP Paribas Emissions- un   12.00   9/21/2017    EUR    64.40
BNP Paribas Emissions- un   16.00   9/21/2017    EUR    58.83
BNP Paribas Emissions- un    9.00  12/21/2017    EUR    73.90
BNP Paribas Emissions- un   10.00  12/21/2017    EUR    71.43
Bank Julius Baer & Co Ltd   14.40   11/2/2017    CHF    71.50
UBS AG/London                7.00   9/22/2017    EUR    68.13
HSBC Bank PLC                0.50   4/11/2023    MXN    62.03
UBS AG/London               11.60  12/29/2017    EUR    60.41
UBS AG/London               13.00   9/27/2017    EUR    58.14
UBS AG/London                5.30  12/29/2017    EUR    68.39
HSBC Trinkaus & Burkhardt    5.50   6/23/2017    EUR    66.14
Landesbank Baden-Wuerttem    3.25   1/26/2018    EUR    64.70
Landesbank Hessen-Thuerin    4.00   1/16/2018    EUR    60.56
EFG International Finance    6.48   5/29/2018    EUR     7.57
Leonteq Securities AG/Gue    5.00  12/27/2019    EUR    69.93
Landesbank Baden-Wuerttem    3.00   2/23/2018    EUR    64.70
Landesbank Baden-Wuerttem    3.55   6/23/2017    EUR    74.48
UniCredit Bank AG            5.00   6/25/2019    EUR    61.66
Landesbank Hessen-Thuerin    5.00   3/27/2019    EUR    65.73
Leonteq Securities AG        5.00    5/7/2019    CHF    72.65
Landesbank Baden-Wuerttem    3.25   8/25/2017    EUR    66.27
Bayerische Landesbank        2.70   7/27/2018    EUR    70.58
Landesbank Baden-Wuerttem    3.00   6/28/2019    EUR    70.61
Commerzbank AG               7.24   4/27/2017    EUR    54.13
Commerzbank AG               4.40   4/29/2019    EUR    73.84
DekaBank Deutsche Girozen    2.60   4/21/2017    EUR    56.27
Landesbank Hessen-Thuerin    4.00    6/5/2019    EUR    72.15
DekaBank Deutsche Girozen    2.75  10/29/2018    EUR    58.84
Credit Suisse AG/London      8.00   5/21/2025    USD
Landesbank Baden-Wuerttem    4.00   6/22/2018    EUR    67.53
Landesbank Baden-Wuerttem    3.60   6/22/2018    EUR    63.12
UBS AG                       7.40   5/17/2021    CHF    67.69
Notenstein La Roche Priva    4.20   5/22/2019    CHF    74.14
Notenstein La Roche Priva    4.50   5/22/2018    CHF    73.33
Landesbank Baden-Wuerttem    3.00   7/26/2019    EUR    72.83
DekaBank Deutsche Girozen    2.80   5/13/2019    EUR    62.84
Bayerische Landesbank        2.70   6/22/2018    EUR    70.98
Royal Bank of Scotland PL    6.20    9/7/2018    GBP     1.07
Royal Bank of Scotland PL    1.33  10/26/2018    GBP     1.06
Landesbank Hessen-Thuerin    4.00   4/30/2019    EUR    72.10
Notenstein La Roche Priva    4.80   4/20/2017    CHF    72.55
Leonteq Securities AG        7.20   4/24/2017    EUR    57.33
Landesbank Baden-Wuerttem    3.00  10/27/2017    EUR    69.59
Landesbank Baden-Wuerttem    5.00  10/27/2017    EUR    65.96
Landesbank Baden-Wuerttem    3.00   7/28/2017    EUR    74.84
Landesbank Baden-Wuerttem    3.25   7/28/2017    EUR    68.04
Landesbank Baden-Wuerttem    3.00   6/23/2017    EUR    70.95
Landesbank Baden-Wuerttem    3.70   8/25/2017    EUR    74.15
Landesbank Baden-Wuerttem    3.55   8/25/2017    EUR    56.15
Landesbank Baden-Wuerttem    3.75   9/22/2017    EUR    54.77
Landesbank Baden-Wuerttem    3.90   9/22/2017    EUR    53.35
Landesbank Baden-Wuerttem    3.20   9/22/2017    EUR    63.14
Landesbank Baden-Wuerttem    3.50  11/24/2017    EUR    74.20
Landesbank Baden-Wuerttem    3.40  11/24/2017    EUR    57.38
Landesbank Baden-Wuerttem    4.50   3/23/2018    EUR    73.16
Landesbank Baden-Wuerttem    2.50   6/28/2019    EUR    66.98
Landesbank Baden-Wuerttem    3.50   6/22/2018    EUR    62.47
Landesbank Baden-Wuerttem    4.00   8/25/2017    EUR    54.22
Landesbank Baden-Wuerttem    3.00    1/4/2019    EUR    69.09
Notenstein La Roche Priva    4.20   4/10/2018    EUR    57.13
Raiffeisen Switzerland BV    9.00    4/1/2019    EUR    23.80
Bayerische Landesbank        2.70    7/6/2018    EUR    65.83
Zurcher Kantonalbank Fina    6.50   4/10/2018    CHF    59.05
Credit Suisse AG/Nassau      4.25   4/24/2017    CHF    74.03
UBS AG/London                6.25   4/18/2017    CHF    53.25
Landesbank Baden-Wuerttem    3.40   6/22/2018    EUR    70.74
Landesbank Baden-Wuerttem    4.20   6/23/2017    EUR    57.57
Landesbank Baden-Wuerttem    5.00  10/27/2017    EUR    61.43
Landesbank Baden-Wuerttem    4.00  10/27/2017    EUR    65.50
Landesbank Baden-Wuerttem    3.60   9/22/2017    EUR    70.80
Landesbank Baden-Wuerttem    4.60   6/23/2017    EUR    72.82
Landesbank Baden-Wuerttem    3.90   7/28/2017    EUR    64.04
Landesbank Baden-Wuerttem    3.70   9/22/2017    EUR    67.75
Landesbank Baden-Wuerttem    3.00   6/22/2018    EUR    72.91
Landesbank Baden-Wuerttem    3.40   6/23/2017    EUR    69.23
Landesbank Baden-Wuerttem    3.85  10/27/2017    EUR    60.48
Landesbank Baden-Wuerttem    3.00  11/24/2017    EUR    70.85
Landesbank Baden-Wuerttem    3.00   6/28/2019    EUR    66.48
Landesbank Baden-Wuerttem    3.00   6/28/2019    EUR    69.77
Landesbank Baden-Wuerttem    3.00   9/28/2018    EUR    62.07
Landesbank Baden-Wuerttem    3.75  10/27/2017    EUR    62.09
UBS AG/London                7.00   5/22/2017    CHF    58.45
UBS AG/London                8.00   5/26/2017    EUR    56.55
Leonteq Securities AG        9.92   5/29/2017    EUR    58.16
BNP Paribas Emissions- un    3.25  11/24/2017    EUR    69.94
Landesbank Baden-Wuerttem    3.50   7/27/2018    EUR    67.81
Landesbank Baden-Wuerttem    3.40   7/27/2018    EUR    66.28
UBS AG/London                5.75    6/6/2017    CHF    74.70
Landesbank Baden-Wuerttem    5.50   6/23/2017    EUR    70.17
Landesbank Baden-Wuerttem    2.50   6/23/2017    EUR    74.77
Landesbank Baden-Wuerttem    4.00   6/23/2017    EUR    67.15
Landesbank Baden-Wuerttem    5.50   6/23/2017    EUR    61.87
Landesbank Baden-Wuerttem    3.50   6/23/2017    EUR    71.80
Landesbank Baden-Wuerttem    4.50   6/23/2017    EUR    68.08
Landesbank Baden-Wuerttem    5.50   6/23/2017    EUR    74.83
Landesbank Baden-Wuerttem    3.00   6/23/2017    EUR    68.55
Landesbank Baden-Wuerttem    4.00   6/23/2017    EUR    64.52
Landesbank Baden-Wuerttem    5.00   6/23/2017    EUR    61.13
Landesbank Baden-Wuerttem    6.00   6/23/2017    EUR    58.44
Bayerische Landesbank        2.70   7/13/2018    EUR    69.49
UniCredit Bank AG            3.80   7/23/2020    EUR    67.26
Leonteq Securities AG        3.00    7/8/2019    CHF    74.29
UniCredit Bank AG            4.40   7/13/2018    EUR    66.78
Notenstein La Roche Priva    6.50   6/26/2017    EUR    64.34
Norddeutsche Landesbank G    3.00   7/16/2018    EUR    69.27
Landesbank Baden-Wuerttem    3.00   7/26/2019    EUR    73.84
Leonteq Securities AG        8.00   4/24/2017    USD    69.57
DekaBank Deutsche Girozen    3.25   4/20/2018    EUR    59.12
Leonteq Securities AG        6.00    5/4/2017    CHF    74.90
Bank Julius Baer & Co Ltd    6.00    5/2/2017    CHF    72.70
Notenstein La Roche Priva    4.00    5/8/2018    CHF    61.80
UniCredit Bank AG            5.00   7/30/2018    EUR    70.82
UniCredit Bank AG            4.00   6/26/2018    EUR    63.51
UniCredit Bank AG            4.60   6/30/2017    EUR    52.10
Leonteq Securities AG        3.00   9/19/2019    CHF    51.55
DekaBank Deutsche Girozen    7.15  10/27/2017    EUR    61.46
Notenstein La Roche Priva    3.00   9/22/2020    CHF    64.88
UniCredit Bank AG            3.50   1/29/2020    EUR    74.85
EFG International Finance    7.00  11/27/2019    EUR    18.85
Goldman Sachs Internation    1.00   12/5/2017    SEK    18.10
Commerzbank AG              20.00   5/28/2018    SEK    61.25
Landesbank Baden-Wuerttem    3.25  12/22/2017    EUR    69.49
Landesbank Baden-Wuerttem    3.85   8/25/2017    EUR    65.39
Landesbank Baden-Wuerttem    3.15   6/22/2018    EUR    66.25
UniCredit Bank AG            4.40   9/19/2018    EUR    70.85
UBS AG                       9.50  12/22/2017    EUR    57.42
UBS AG                       7.00  12/22/2017    EUR    71.52
UBS AG                       5.25  12/22/2017    EUR    62.00
UBS AG                       8.25  12/22/2017    EUR    63.23
UBS AG                      11.75  12/22/2017    EUR    48.63
UBS AG                       7.75  12/22/2017    EUR    64.24
UBS AG                       7.00  12/22/2017    EUR    66.37
UBS AG                      10.25  12/22/2017    EUR    54.30
UBS AG                      10.25  12/22/2017    EUR    43.82
UBS AG                       5.00  12/22/2017    EUR    65.90
UBS AG                       8.50  12/22/2017    EUR    47.77
UBS AG                      11.75  12/22/2017    EUR    40.25
UBS AG                       8.00  12/22/2017    EUR    63.05
UBS AG                       8.75  12/22/2017    EUR    60.03
UBS AG                       4.00  12/22/2017    EUR    72.20
UBS AG                      10.25  12/22/2017    EUR    55.16
UBS AG                      11.75  12/22/2017    EUR    51.46
UBS AG                       7.50  12/22/2017    EUR    51.45
UBS AG                      13.00  12/22/2017    EUR    72.40
UBS AG                       6.75  12/22/2017    EUR    54.84
UBS AG                       9.50  12/22/2017    EUR    57.04
UBS AG                       5.75  12/22/2017    EUR    58.78
UBS AG                       7.75  12/22/2017    EUR    58.26
UBS AG                       8.25  12/22/2017    EUR    49.68
UBS AG                      10.50  12/22/2017    EUR    52.20
UBS AG                       4.75  12/22/2017    EUR    74.82
UBS AG                       6.25  12/22/2017    EUR    54.36
UBS AG                      11.25  12/22/2017    EUR    74.26
UBS AG                       8.25  12/22/2017    EUR    50.98
UBS AG                       4.50  12/22/2017    EUR    66.45
UBS AG                      10.50  12/22/2017    EUR    50.49
UBS AG                       9.50  12/22/2017    EUR    52.62
UBS AG                       6.50  12/22/2017    EUR    70.91
UBS AG                       6.50  12/22/2017    EUR    54.53
UniCredit Bank AG            4.30  10/17/2018    EUR    69.95
Landesbank Baden-Wuerttem    3.30   6/22/2018    EUR    67.79
UniCredit Bank AG            4.30  12/22/2017    EUR    67.82
DekaBank Deutsche Girozen    3.30   2/26/2018    EUR    54.38
UniCredit Bank AG            4.30  10/29/2018    EUR    72.94
Landesbank Baden-Wuerttem    3.00   5/25/2018    EUR    71.18
UBS AG                       4.50  12/22/2017    EUR    57.75
UBS AG                       5.00  12/22/2017    EUR    65.70
UBS AG                       4.75  12/22/2017    EUR    74.29
Credit Suisse AG/Nassau      5.25   5/14/2018    CHF    71.74
UniCredit Bank AG            4.10   9/28/2018    EUR    69.27
Landesbank Baden-Wuerttem    3.05   6/22/2018    EUR    72.61
DekaBank Deutsche Girozen    3.10    5/5/2017    EUR    70.39
DekaBank Deutsche Girozen    3.00   4/16/2018    EUR    74.49
UBS AG/London                5.00   8/14/2017    CHF    52.30
Vontobel Financial Produc   16.00  12/22/2017    EUR    70.17
DZ Bank AG Deutsche Zentr    9.00   6/23/2017    EUR    59.15
DZ Bank AG Deutsche Zentr    8.70  12/22/2017    EUR    63.19
DZ Bank AG Deutsche Zentr   10.10  12/22/2017    EUR    60.33
BNP Paribas Emissions- un   21.00   6/22/2017    EUR    72.24
BNP Paribas Emissions- un   25.00   6/22/2017    EUR    69.53
BNP Paribas Emissions- un   19.00   9/21/2017    EUR    72.74
Raiffeisen Centrobank AG     9.85  12/20/2017    EUR    72.99
Raiffeisen Centrobank AG    13.01  12/20/2017    EUR    69.82
Raiffeisen Centrobank AG     7.54  12/28/2018    EUR    69.40
Raiffeisen Centrobank AG     6.23  12/28/2018    EUR    74.53
UBS AG                       9.00    7/3/2017    CHF    71.48
UniCredit Bank AG            4.00  10/14/2019    EUR    65.49
Notenstein Finance Guerns    1.00   9/17/2019    CHF    57.97
UBS AG/London                7.00  12/22/2017    EUR    64.54
UBS AG/London                4.00  12/22/2017    EUR    71.34
UBS AG/London                9.50  12/22/2017    EUR    66.17
UBS AG/London                9.00  12/22/2017    EUR    58.58
UBS AG/London                5.75  12/22/2017    EUR    70.38
UBS AG/London                5.00  12/22/2017    EUR    67.15
UBS AG/London                6.25  12/22/2017    EUR    68.42
UBS AG/London                7.75  12/22/2017    EUR    52.07
UBS AG/London               14.50  12/22/2017    EUR    73.22
UniCredit Bank AG            4.25   9/12/2017    EUR    65.07
Notenstein La Roche Priva    5.00   8/29/2018    CHF    73.28
Leonteq Securities AG/Gue    4.40   8/28/2017    CHF    66.08
Notenstein La Roche Priva    5.04   8/28/2017    CHF    73.02
Leonteq Securities AG/Gue    4.68   8/29/2017    CHF    74.73
Leonteq Securities AG/Gue    5.99   9/11/2017    EUR    64.72
DekaBank Deutsche Girozen    3.15   5/18/2018    EUR    64.42
Commerzbank AG              19.00   5/24/2017    EUR    69.72
Commerzbank AG              15.50   8/23/2017    EUR    72.86
Lehman Brothers Treasury     0.01   9/20/2011    USD     0.65
Lehman Brothers Treasury    12.00   7/13/2037    JPY     0.65
Lehman Brothers Treasury    10.00   6/11/2038    JPY     0.65
HSBC Trinkaus & Burkhardt   15.20   6/23/2017    EUR    66.99
HSBC Trinkaus & Burkhardt   17.10   6/23/2017    EUR    53.20
HSBC Trinkaus & Burkhardt   12.70   9/22/2017    EUR    59.55
HSBC Trinkaus & Burkhardt   10.30   9/22/2017    EUR    63.42
HSBC Trinkaus & Burkhardt    7.50   9/22/2017    EUR    69.66
UBS AG/London                5.54  12/26/2017    USD    44.26
UBS AG/London               10.00   6/23/2017    EUR    59.77
DZ Bank AG Deutsche Zentr    9.25   7/28/2017    EUR    57.44
UBS AG/London               13.50   6/23/2017    EUR    54.70
UBS AG/London                9.50   9/22/2017    EUR    62.14
UBS AG/London               12.50   9/22/2017    EUR    57.75
Commerzbank AG              15.50   6/22/2017    EUR    55.09
Commerzbank AG              16.00   6/22/2017    EUR    69.90
Commerzbank AG               8.25   6/22/2017    EUR    66.83
Commerzbank AG              11.50   6/22/2017    EUR    60.16
HSBC Trinkaus & Burkhardt   19.00   6/23/2017    EUR    73.81
Vontobel Financial Produc    4.80   5/14/2018    EUR    71.74
Vontobel Financial Produc   16.00  12/22/2017    EUR    74.20
Landesbank Hessen-Thuerin    4.00   5/16/2018    EUR    69.80
Societe Generale SA          0.50    4/4/2024    MXN    56.90
Societe Generale SA          0.50   5/22/2024    MXN    56.22
SG Issuer SA                 0.82    8/2/2021    SEK    72.21
DekaBank Deutsche Girozen    3.00  12/17/2018    EUR    64.50
DZ Bank AG Deutsche Zentr    5.00    2/6/2018    EUR    68.05
UniCredit Bank AG            3.75    9/7/2020    EUR    70.20
DekaBank Deutsche Girozen    2.75    2/2/2018    EUR    70.81
Notenstein La Roche Priva    5.00   2/27/2019    CHF    74.85
Notenstein La Roche Priva    5.70   2/27/2019    CHF    74.65
UniCredit Bank AG            3.75   10/2/2020    EUR    66.32
Vontobel Financial Produc   18.40   9/11/2017    EUR    66.92
Commerzbank AG               7.20   4/18/2017    EUR    62.72
Credit Suisse AG/London      8.50   9/18/2017    USD    73.41
Bank Julius Baer & Co Ltd   12.80   9/20/2017    CHF    66.60
Notenstein La Roche Priva   15.00  12/27/2017    CHF    69.57
Commerzbank AG              12.30   4/18/2017    EUR    55.94
HSBC Trinkaus & Burkhardt   18.60   6/23/2017    EUR    69.83
HSBC Trinkaus & Burkhardt   13.40  12/22/2017    EUR    74.96
UBS AG/London                9.90   9/22/2017    EUR    72.76
Redvans                     12.50  12/17/2021    RUB    60.00
HSBC Trinkaus & Burkhardt   18.40   6/23/2017    EUR    65.34
HSBC Trinkaus & Burkhardt   13.80  12/22/2017    EUR    70.78
HSBC Trinkaus & Burkhardt   11.90  12/22/2017    EUR    72.41
HSBC Trinkaus & Burkhardt   10.70   8/25/2017    EUR    72.05
HSBC Trinkaus & Burkhardt   10.20  11/24/2017    EUR    73.84
Vontobel Financial Produc   13.50   9/22/2017    EUR    74.16
Vontobel Financial Produc   16.05   9/22/2017    EUR    71.94
Vontobel Financial Produc   12.00  12/22/2017    EUR    73.10
Vontobel Financial Produc   20.00  12/22/2017    EUR    65.91
Zurcher Kantonalbank Fina   11.00   6/29/2017    CHF    73.96
Goldman Sachs & Co Wertpa   11.00  12/20/2017    EUR    64.92
Goldman Sachs & Co Wertpa   11.00  12/20/2017    EUR    66.92
Leonteq Securities AG        8.80   6/21/2017    CHF    69.01
Lehman Brothers Treasury     1.60   6/21/2010    JPY     0.65
Lehman Brothers Treasury     2.40   6/20/2011    JPY     0.65
Goldman Sachs & Co Wertpa   12.00  12/20/2017    EUR    74.63
Goldman Sachs & Co Wertpa   12.00  12/20/2017    EUR    74.73
Goldman Sachs & Co Wertpa   10.00  12/20/2017    EUR    68.38
Leonteq Securities AG/Gue   16.20  11/30/2017    USD    53.36
Lehman Brothers Treasury     4.20   12/3/2008    HKD     9.63
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    57.43
BNP Paribas Emissions- un   26.00  12/21/2017    EUR    66.59
BNP Paribas Emissions- un   24.00   6/22/2017    EUR    70.87
BNP Paribas Emissions- un   26.00  12/21/2017    EUR    67.49
BNP Paribas Emissions- un   29.00   6/22/2017    EUR    64.68
BNP Paribas Emissions- un   23.00  12/21/2017    EUR    71.89
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    60.95
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    69.45
BNP Paribas Emissions- un   19.00   6/22/2017    EUR    72.60
BNP Paribas Emissions- un   28.00   6/22/2017    EUR    60.29
BNP Paribas Emissions- un   26.00  12/21/2017    EUR    66.20
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    69.86
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    65.98
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    71.25
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    66.99
BNP Paribas Emissions- un   24.00  12/21/2017    EUR    71.47
BNP Paribas Emissions- un   26.00  12/21/2017    EUR    68.57
BNP Paribas Emissions- un   29.00  12/21/2017    EUR    64.38
BNP Paribas Emissions- un   26.00   6/22/2017    EUR    71.70
BNP Paribas Emissions- un   26.00  12/21/2017    EUR    70.25
BNP Paribas Emissions- un   23.00  12/21/2017    EUR    59.40
BNP Paribas Emissions- un   29.00   6/22/2017    EUR    69.82
BNP Paribas Emissions- un   29.00  12/21/2017    EUR    65.68
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    66.46
BNP Paribas Emissions- un   24.00  12/21/2017    EUR    73.26
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    68.59
BNP Paribas Emissions- un   22.00  12/21/2017    EUR    62.40
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    57.12
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    66.51
BNP Paribas Emissions- un   16.00   6/22/2017    EUR    73.19
BNP Paribas Emissions- un   28.00   6/22/2017    EUR    57.65
BNP Paribas Emissions- un   15.00  12/21/2017    EUR    74.97
BNP Paribas Emissions- un   22.00  12/21/2017    EUR    66.21
BNP Paribas Emissions- un   25.00   6/22/2017    EUR    71.33
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    74.03
BNP Paribas Emissions- un   28.00   6/22/2017    EUR    73.02
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    69.92
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    70.29
BNP Paribas Emissions- un   29.00  12/21/2017    EUR    64.74
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    71.97
BNP Paribas Emissions- un   24.00   6/22/2017    EUR    72.30
BNP Paribas Emissions- un   22.00  12/21/2017    EUR    74.47
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    66.42
BNP Paribas Emissions- un   27.00   6/22/2017    EUR    72.09
BNP Paribas Emissions- un   26.00  12/21/2017    EUR    71.25
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    71.15
BNP Paribas Emissions- un    6.00   6/22/2017    EUR    55.55
BNP Paribas Emissions- un    9.00   6/22/2017    EUR    48.29
BNP Paribas Emissions- un   18.00   6/22/2017    EUR    37.55
BNP Paribas Emissions- un   21.00   6/22/2017    EUR    34.79
BNP Paribas Emissions- un    6.00  12/21/2017    EUR    58.37
BNP Paribas Emissions- un   10.00  12/21/2017    EUR    50.31
BNP Paribas Emissions- un   13.00  12/21/2017    EUR    46.12
BNP Paribas Emissions- un   15.00  12/21/2017    EUR    67.24
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    66.57
BNP Paribas Emissions- un   28.00   6/22/2017    EUR    68.42
BNP Paribas Emissions- un   24.00   6/22/2017    EUR    66.20
BNP Paribas Emissions- un   27.00   6/22/2017    EUR    62.12
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    63.48
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    62.99
BNP Paribas Emissions- un   19.00   6/22/2017    EUR    73.79
BNP Paribas Emissions- un   21.00   6/22/2017    EUR    71.08
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    74.91
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    74.20
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    71.37
BNP Paribas Emissions- un    9.00   6/22/2017    EUR    74.77
BNP Paribas Emissions- un   13.00   6/22/2017    EUR    60.66
BNP Paribas Emissions- un   25.00   6/22/2017    EUR    40.47
BNP Paribas Emissions- un   15.00  12/21/2017    EUR    57.56
BNP Paribas Emissions- un   19.00  12/21/2017    EUR    50.97
BNP Paribas Emissions- un   22.00  12/21/2017    EUR    47.57
BNP Paribas Emissions- un   25.00  12/21/2017    EUR    45.52
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    44.07
BNP Paribas Emissions- un   25.00   6/22/2017    EUR    73.19
BNP Paribas Emissions- un   27.00   6/22/2017    EUR    69.92
BNP Paribas Emissions- un   25.00   6/22/2017    EUR    55.77
BNP Paribas Emissions- un   13.00  12/21/2017    EUR    73.21
BNP Paribas Emissions- un   19.00  12/21/2017    EUR    64.27
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    55.62
BNP Paribas Emissions- un   16.00   6/22/2017    EUR    67.08
BNP Paribas Emissions- un   13.00   6/22/2017    EUR    53.76
BNP Paribas Emissions- un   19.00   6/22/2017    EUR    46.22
BNP Paribas Emissions- un   28.00  12/21/2017    EUR    44.59
BNP Paribas Emissions- un   12.00  12/21/2017    EUR    74.69
BNP Paribas Emissions- un   25.00   6/22/2017    EUR    55.24
BNP Paribas Emissions- un   27.00   6/22/2017    EUR    52.59
BNP Paribas Emissions- un   19.00  12/21/2017    EUR    63.78
BNP Paribas Emissions- un   22.00  12/21/2017    EUR    60.13
BNP Paribas Emissions- un   27.00  12/21/2017    EUR    55.26
Raiffeisen Centrobank AG     7.20   9/20/2017    EUR    74.20
Lehman Brothers Treasury     6.00   6/21/2011    EUR     0.65
Lehman Brothers Treasury     2.00   6/21/2011    EUR     0.65
Lehman Brothers Treasury     8.28   7/31/2013    GBP     0.65
Lehman Brothers Treasury     7.32   7/31/2013    GBP     0.65
Barclays Bank PLC            1.99   12/1/2040    USD    72.72
Lehman Brothers Treasury     8.28   3/26/2009    USD     0.65
Lehman Brothers Treasury     6.85  12/22/2008    EUR     0.65
Lehman Brothers Treasury     7.60   3/26/2009    EUR     0.65
Lehman Brothers Treasury     7.55  12/29/2008    USD     0.65
UBS AG/London               11.70   4/18/2017    EUR    39.22
EFG International Finance    6.89  12/28/2017    CHF    71.01
Goldman Sachs & Co Wertpa   15.00   6/21/2017    EUR
SG Issuer SA                 0.80  11/30/2020    SEK    66.27
Notenstein La Roche Priva    6.50   7/11/2017    CHF    68.41
Notenstein La Roche Priva    6.00   7/11/2017    CHF    68.24
EFG International Finance    7.35  12/28/2017    CHF    71.98
Notenstein La Roche Priva    9.68   6/15/2017    CHF    68.75
HSBC Trinkaus & Burkhardt    8.20   6/23/2017    EUR    68.15
DekaBank Deutsche Girozen    2.75   6/24/2019    EUR    68.16
HSBC Trinkaus & Burkhardt    4.00   6/16/2017    EUR    62.10
Vontobel Financial Produc    4.00   11/9/2017    EUR    64.35
Credit Suisse AG/Nassau      5.50    8/3/2017    EUR    70.31
DekaBank Deutsche Girozen    2.60   6/23/2017    EUR    62.38
Leonteq Securities AG        5.20   8/14/2018    CHF    70.85
Goldman Sachs & Co Wertpa    9.00   6/21/2017    EUR    69.72
Goldman Sachs & Co Wertpa   13.00   6/21/2017    EUR    60.69
Notenstein La Roche Priva    7.00   8/14/2017    CHF    64.65
UBS AG/London                8.25    8/7/2017    EUR    68.85
Notenstein La Roche Priva    8.02   8/11/2017    EUR    72.30
Zurcher Kantonalbank Fina   14.75   5/11/2017    CHF    74.34
Commerzbank AG              10.25   4/27/2017    EUR    69.39
Commerzbank AG              13.50   4/27/2017    EUR    61.78
Commerzbank AG              17.25   4/27/2017    EUR    55.74
Commerzbank AG               7.25  10/26/2017    EUR    72.52
Commerzbank AG              10.50  10/26/2017    EUR    67.21
Commerzbank AG              14.25  10/26/2017    EUR    63.11
Societe Generale SA          0.50    4/3/2023    RUB    61.73
National Capital JSC         9.50   7/25/2018    RUB   100.00
RGS Nedvizhimost OOO        12.25  10/19/2017    RUB    60.00
National Capital JSC         9.25   4/22/2019    RUB   100.00
IDGC of the North Caucasu   13.00   4/22/2021    RUB    60.00
Societe Generale SA          0.50   6/12/2023    RUB    60.53
Upravlenie Otkhodami ZAO     4.00   4/29/2027    RUB    69.88
KPNQwest NV                  7.13    6/1/2009    EUR     1.00
IS-Broker OOO               13.00   6/21/2017    RUB   100.00
Soyuz AKB OAO               13.00  11/22/2019    RUB    99.00
EDOB Abwicklungs AG          7.50    4/1/2012    EUR     0.59
National Capital JSC         9.25   4/22/2019    RUB    99.98
Societe Generale SA          0.50   4/30/2023    RUB    61.15
National Capital JSC        10.50   9/15/2020    RUB   100.00
TransFin-M PAO              13.00  12/31/2024    RUB   100.00
Bashneft PJSC               12.00   5/19/2025    RUB    60.00



                            *********

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 Joseph Cardillo at
856-381-8268.


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