/raid1/www/Hosts/bankrupt/TCREUR_Public/180730.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, July 30, 2018, Vol. 19, No. 149
Headlines
B E L G I U M
BNP PARIBAS: Moody's Reviews Ba2(hyb) Debt Rating for Upgrade
C R O A T I A
AGROKOR DD: Over 50 Complaints Filed by Creditors Over Settlement
F R A N C E
ACROPOLE BIDCO: Fitch Assigns 'B(EXP)' LT IDR, Outlook Stable
SIACI SAINT: S&P Assigns Preliminary 'B-' ICR, Outlook Stable
G E R M A N Y
HORNBACH BAUMARKT: S&P Alters Outlook to Neg. & Affirms 'BB+' ICR
I R E L A N D
ANCHORAGE CAPITAL 1: Moody's Rates EUR 11.7MM Class F Notes 'B2'
N E T H E R L A N D S
CAIRN CLO VI: Moody's Gives B1 Rating to EUR8.7MM Class F-R Notes
CAIRN CLO VI: Fitch Gives B- Rating to EUR8.7MM Class F-R Notes
DRYDEN 32: Fitch Assigns 'B-(EXP)sf' Rating to Class F Notes
NXP BV: Moody's Change Outlook to Stable & Confirms 'Ba1' CFR
N O R W A Y
NORWEGIAN AIR 2016-1: Moody's Lowers Class B Certs Rating to B2
R U S S I A
ENERGOGARANT JSIC: S&P Alters Outlook to Pos. & Affirms 'BB-' ICR
ING BANK: Moody's Withdraws Ba2 Long-Term FC Deposit Rating
S E R B I A
AGRI EUROPE: S&P Assigns 'B+' Issuer Credit Rating
S P A I N
CAIXABANK CONSUMO 3: Moody's Confirms B3 Rating on Class B Notes
S W E D E N
DUNKIN DONUTS: Swedish Franchise Files for Bankruptcy
U N I T E D K I N G D O M
CUDDY GROUP: Plan to Enter Into Administration Won't Hit Club
HOUSE OF FRASER: Chinese Investor Delays Potential Lifeline
JAGUAR LAND: S&P Lowers ICR to 'BB', Outlook Stable
JOHNSTON PRESS: Explores Restructuring, Debt Refinancing Options
TOWD POINT 2018: Moody's Assigns (P)B2 Rating to Class E Notes
X X X X X X X X
* BOND PRICING: For the Week July 23 to July 27, 2018
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B E L G I U M
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BNP PARIBAS: Moody's Reviews Ba2(hyb) Debt Rating for Upgrade
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Moody's Investors Service has placed on review for upgrade the
Ba2(hyb) junior subordinated debt rating of BNP Paribas Fortis
SA/NV (BNP Paribas Fortis; A1/A2 stable, baa1). The outlook on the
issuer was changed to Rating under Review from Stable.
The action follows Moody's review for upgrade opened on July 20,
2018 on the Baa2 issuer rating of Ageas SA/NV (Ageas) and the
Ba2(hyb) rating of Ageasfinlux S.A.'s backed junior subordinated
securities, and reflects the fact that BNP Paribas Fortis' junior
subordinated debt are similar in nature to the FRESH. Both
securities were issued when BNP Paribas Fortis and Ageasfinlux
were part of the now dismantled Fortis group.
All other ratings of BNP Paribas Fortis are unaffected by this
rating action.
RATINGS RATIONALE
BNP Paribas Fortis' junior subordinated debt rating relates to the
Convertible And Subordinated Hybrid Equity-linked Securities
(CASHES) issued in 2007 by Fortis Bank SA/NV, (subsequently
renamed BNP Paribas Fortis). Moody's rating of CASHES derives from
the assessment of Ageas' credit quality as the terms and
conditions of the CASHES include a mandatory deferral trigger tied
to the dividend payments on Ageas' ordinary shares.
CASHES are perpetual securities, which can only be redeemed via
conversion into Ageas common shares under certain conditions. If
Ageas does not pay dividends or the dividend yield is below 0.5%,
coupons are mandatorily paid with newly issued Ageas common
shares, according to an alternative coupon settlement mechanism.
However, if Ageas is not in a position to issue new shares, the
coupon settlement will be postponed until such issuance is
possible. As a result, Moody's rating of these deeply subordinated
securities reflects a higher risk of coupon deferral than for
other securities.
On July 20, 2018, Moody's placed the ratings of Ageas on review
for upgrade, reflecting the decision taken on July 13, 2018 by the
Amsterdam Court of Appeal to declare binding the Fortis settlement
agreement between Ageas and a few claimant organizations on legacy
issues related to the break-up of the Fortis group. Moody's
considers this development as a positive milestone, which reduces
the uncertainty arising from legal risks and the corresponding
financial impact from legacy issues.
However, eligible shareholders have the possibility of opting out
of the settlement. As determined by the Court, they have until
December 31, 2018 to do so.
According to the terms of the agreement, Ageas reserves the right
to terminate the Fortis settlement in the event that the number of
opt-out notices goes beyond Ageas' expectations, which Ageas has
set at 5% of the settlement amount. Moody's review will focus on
the final outcome of the Fortis settlement agreement as well as
the potential impact of remaining minor legacy issues. Given the
timeline for the opt-out, Moody's anticipates that the conclusion
of the review may extend beyond three months.
Ageas' current issuer rating is three notches below the A2 IFSR of
AG Insurance, its main operating subsidiary. This is one notch
wider than Moody's standard notching practice for holding
companies of insurers headquartered and operating in jurisdictions
subject to group regulation and reflects the uncertainty of the
legal risks and the corresponding financial impact arising from
the legacy issues.
At the end of 2017, the outstanding amount of CASHES was EUR821
million, out of which EUR205 million were included in BNP Paribas
Fortis's Tier 1 capital.
WHAT COULD CHANGE THE RATINGS UP/DOWN
Moody's has placed BNP Paribas Fortis' junior subordinated debt
rating on review for upgrade. A downgrade is therefore unlikely.
BNP Paribas Fortis' junior subordinated debt rating would likely
be upgraded if Ageasfinlux S.A.'s backed junior subordinated debt
rating were upgraded. This would happen if (i) the final outcome
of the Fortis settlement is substantially in line with the terms
of the agreement declared binding by the Court, with no
significant opt-outs, and (ii) Ageas does not report a material
deterioration in its current level of capital position, liquidity,
profitability and financial flexibility.
After the completion of the review, Ageas' ratings would be
confirmed at their current levels if the final outcome of the
Fortis settlement differed materially from the terms declared
binding by the Court due to significant opt-outs, or if Ageas
exercised the option of terminating the agreement. A confirmation
of Ageas' ratings would result in a confirmation of BNP Paribas
Fortis' junior subordinated debt rating.
LIST OF AFFECTED RATINGS
Issuer: BNP Paribas Fortis SA/NV
Placed on Review for Upgrade:
Junior Subordinated Conv./Exch. Bond/Debenture of Ba2(hyb)
Outlook Action:
Outlook changed to Rating under Review from Stable
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C R O A T I A
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AGROKOR DD: Over 50 Complaints Filed by Creditors Over Settlement
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SeeNews reports that over 50 complaints have been lodged by
creditors against the settlement deal in Croatia's Agrokor which
was upheld on June 4 by creditors holding 80.20% of total claims
against the troubled concern.
According to SeeNews, news agency Hina, citing information from
the public administration ministry, reported that noon on July 23
was the deadline for the submission of complaints, which will be
handled by the High Commercial Court.
The ministry did not specify who had submitted the complaints,
SeeNews notes.
The High Commercial Court in Zagreb on June 6 confirmed the
settlement agreement, which envisages the establishment of a new
Agrokor concern held by the creditors, in which the largest
individual shareholder will be Russia's Sberbank with a 39.2%
stake, SeeNews recounts.
Under the settlement, bond holders will have a 24.9% stake, local
financial institutions 15.3%, Russia's VTB bank 7.5%, while
suppliers will hold 4.7%, SeeNews discloses.
Agrokor, which employs some 60,000 people in the region, has been
undergoing restructuring led by a court-appointed crisis manager
under a special law on companies of systemic importance passed in
April last year with the aim of shielding the Croatian economy
from big corporate bankruptcies, SeeNews relays.
About Agrokor DD
Founded in 1976 and based in Zagreb, Crotia, Agrokor DD 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).
On April 10, 2017, the Zagreb Commercial Court allowed the
initiation of the procedure for extraordinary administration over
Agrokor and some of its affiliated or subsidiary companies. This
comes on the heels of an April 7, 2017 proposal submitted by the
management board of Agrokor Group for the administration
proceedings for the Company pursuant to the Law of Extraordinary
Administration for Companies with Systemic Importance for the
Republic of Croatia.
Mr. Ante Ramljak was simultaneously appointed extraordinary
commissioner/trustee for Agrokor on April 10.
In May 2017, Agrokor dd, in close cooperation with its advisors,
established that as of March 31, 2017, it had total liabilities
of HRK40.409 billion. The company racked up debts during a rapid
expansion, notably in Croatia, Slovenia, Bosnia and Serbia, a
Reuters report noted.
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F R A N C E
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ACROPOLE BIDCO: Fitch Assigns 'B(EXP)' LT IDR, Outlook Stable
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Fitch Ratings has assigned Acropole BidCo SAS an expected first-
time Long-Term Issuer Default Rating (IDR) of 'B(EXP)' with Stable
Outlook. It has also assigned Sisaho International's senior
secured facilities an expected 'B+(EXP)' rating with a Recovery
Rating of 'RR3' (55%). The rated companies are the entities
incorporated by private equity financial sponsor Charterhouse for
the acquisition of SIACI Saint Honore SAS.
SIACI Saint Honore is a leading insurance broker focused on three
main areas: French employee benefits, international private
medical insurance and French domestic P&C and speciality
brokering. All services are targeted at large enterprise corporate
clientele. SIACI Saint Honore also has B2B exposure to French-
speaking Switzerland and fast-growing African markets via
strategic associate operations, while relevant entities are also
present in Middle East and Asia.
SIACI Saint Honore is the number 2 French-based B2B insurance
broker for corporates, and operates worldwide through its
proprietary distribution network and strategic partnerships. The
company provides advisory services, brokerage and claims /
contract management throughout the contract life. Its portfolio
includes over 3,500 clients, which are mostly multinationals /
large corporates, with contracts averaging 14-year tenure.
The assignment of the final ratings is contingent on the issuance
of the rated financial instruments and the receipt of final
documents conforming to information already received.
KEY RATING DRIVERS
French Brokerage Market Stable: Insurance broker activity in
France over the past decade has shown moderate growth between
international and national mid-cap players. The expected growth of
insurance premium and brokerage fees, linked to GDP and to
structural changes on health and pensions indicate potential
growth of about 3% for health and pensions and below 2% for P&C.
The regulatory environment is neutral to positive, with potential
upside from ongoing legislative changes.
Digital Evolution Presents Challenges: The insurance sector is
facing a digital evolution in both its proposition to customers
and internal efficiency. Digital levers enable reduction of
operating costs in people-intensive areas, paving the way for
further operational efficiencies and allowing mid-size players to
efficiently address smaller clients. On the other hand digital
helps promote disruptive business models via "insurtech"
approaches, challenging traditional players mainly in B2C and
small business segments. B2B platforms remain more protected over
the medium term, due to the higher complexity of their products
and customers' requirements.
Acquisition Strategy Delivery Key for Growth: Anaemic economic
growth, together with regulatory and digital developments,
pressures small players and stimulates M&A interest from middle
and large brokers, such as SIACI Saint Honore, in specialised
niche operators. Fitch understands from management that M&A
undertaken by SIACI Saint Honore under the exiting shareholder's
(Ardian) ownership contributed to above- trend growth and
operating profit expansion. Successful integration of the
company's limited number of small acquisitions every year is key
to further market share gains and margin expansion. Execution risk
is mitigated by the expected small number and limited size of
targeted add-ons.
Cash Conversion Shows Positive Trend: The combination of high
margins and neutral cash impact from working capital contribute to
a cash-generative profile. Cash conversion is expected to improve
after the end of SIACI Saint Honore's extraordinary capex plan
expected for 2019. Fitch forecasts investments in digital and
transformational projects slightly higher than management's
indications. Under Fitch's rating case, successful implementation
of SIACI Saint Honore's M&A strategy will boost free cash flow
(FCF) margin to 8.8% in 2020 from 8% in 2018. This supports a
gross deleveraging path and current rating headroom should the
acquired entities require unexpectedly higher capex or if
integration fail to deliver desired cost savings or pricing power.
High Leverage, Moderate Deleveraging Potential: Fitch expects
SIACI Saint Honore's leverage post completion of the acquisition
by Charterhouse to be around 6.9x on an adjusted funds from
operations (FFO) basis, which is high relative to multinational
competitors' but broadly in line with B category peers' such as
Ardonagh Group (B/Stable) in the UK. Under Fitch's rating case the
acquisition strategy will result in draw-downs of the capex
facility but below the trigger of the springing covenant. The FCF-
accretive nature of the acquisition plan should allow moderate
deleveraging to 6.2x in 2020 from 6.9x in 2018. Failure to
implement the acquisition strategy would likely jeopardise the
deleveraging potential.
DERIVATION SUMMARY
SIACI Saint Honore's size is significantly smaller than that of
publicly traded global peers. The company is mainly concentrated
on the French market and has a less diversified product offering
than multinational players. In comparison with 'B' category
national players such as Ardonagh, SIACI Saint Honore is slightly
smaller, has lower business risk due to its focus on the corporate
sector, and lower execution risk stemming from an acquisition
strategy focused on smaller niche targets.
KEY ASSUMPTIONS
Fitch's Key Assumptions within its Rating Case for the Issuer
- Like-for-like sales growth at 8% CAGR for 2017-2021
- EBITDA margin growth of about 1.8% by 2021
- Total capex (including for acquired targets) of EUR105 million
- Acquisitions generate in excess of EUR15 million EBITDA
equivalent over 2021
- Call option on African operations exercised in 2021
Key Recovery Assumptions
As the majority of the value of the business lies in the brand and
client portfolio, Fitch has applied the going concern approach in
its recovery analysis.
Fitch applied a 15% discount to its EUR74 million EBITDA based on
the expected LTM figure for September 2018 before the pro-forma
effect of the acquisitions. This level of discount reflects a
disruptive change from regulations or a severe reputational hit to
the company leading to a large loss in clients. The level of
discount is in line with UK peer Ardonagh Group.
Fitch applied a 5.5x multiple to reflect SIACI Saint Honore's
leading position in the French corporate broking market and strong
FCF generation. The multiple is supported by median EBITDA
multiples of around 10x for public peers, such as Aon, Marsh &
McLennan and Willis Towers Watson. This figure is also in line
with Ardonagh Group's.
SIACI Saint Honore's revolving credit facility (RCF) is assumed to
be fully drawn upon default. The RCF ranks pari passu with SIACI
Saint Honore's senior secured term loan B. Therefore following a
strict debt waterfall, Fitch assesses recoveries for senior
secured creditors at 55%, resulting in an instrument rating of
'B+(EXP)'/'RR3'.
RATING SENSITIVITIES
Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- FFO adjusted leverage below 5.5x
- FFO fixed charge coverage above 2.5x
- EBITDA margin equal to or greater than 25%
- Successful M&A delivering higher FCF margin and synergies
Developments That May, Individually or Collectively, Lead to
Negative Rating Action
- FFO adjusted leverage above 7.0x
- FFO fixed charge coverage below 2.0x
- EBITDA margin below 20%
- Unsuccessful M&A with dilutive effect on FCF
- Departure from announced target selection criteria such as
acquisition of a bigger player
LIQUIDITY
The proposed buyout by Charterhouse will be financed by a
combination of equity and a covenant-lite EUR485 million senior
secured term loan including EUR80 million RCF/capex facilities for
permitted acquisitions. Fitch assesses liquidity as satisfactory
due to positive cash conversion and the available RCF.
SIACI SAINT: S&P Assigns Preliminary 'B-' ICR, Outlook Stable
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S&P Global Ratings assigned its preliminary 'B-' long-term issuer
credit rating to Acropole Bidco, an intermediate holding company
of France-based insurance brokerage services group Siaci Saint
Honore, and to Acropole Bidco's financing subsidiary, Sisaho
International. The outlook on both of these entities is stable.
S&P said, "At the same time, we assigned our preliminary 'B-'
issue rating and '3' recovery rating to Sisaho International's
proposed EUR485 million senior secured term loan maturing in 2025.
The '3' recovery rating reflects our expectation of average
recovery prospects (50%-70%; rounded estimate: 50%) in the event
of a payment default.
"The final ratings will depend on our receipt and satisfactory
review of all final transaction documentation. Accordingly, the
preliminary ratings should not be construed as evidence of final
ratings. If S&P Global Ratings does not receive final
documentation within a reasonable time frame, or if final
documentation departs from materials reviewed, we reserve the
right to withdraw or revise our ratings. Potential changes
include, but are not limited to, use of loan proceeds, maturity,
size and conditions of the loans, financial and other covenants,
security, and ranking."
The rating action follows the planned acquisition of Siaci Saint
Honore by the existing management team and private equity firm
Charterhouse. Siaci Saint Honore's principal activity is to
provide insurance brokerage and associated advisory services to
large and midsized corporates in France, mainly focusing on
employee benefits, such as pension and medical insurance, and
industrial risk protection (IRP), including specialty risk
insurance.
The business risk profile is constrained by:
-- Siaci Saint Honore's relatively small size in absolute terms.
It reported gross revenues of about EUR344 million and
reported S&P Global Ratings-adjusted EBITDA of about EUR75
million in 2017. We see Siaci Saint Honore as significantly
smaller than some of its peers, for example, USI and
Broadstreet in the U.S., and Hyperion in the U.K. Its size
makes it vulnerable to increased competition should its peers
decide to expand their presence in the French market.
-- Its limited end-product diversity. It generates over 65% of
its revenues from the competitive and fragmented employee
benefits-related insurance brokerage services segment and
generates its remaining revenues in the specialty risk
insurance brokerage segment.
-- Its geographic concentration in France, where it generates
about 75% of gross sales, although it is expanding its
presence in international markets in Africa, the Middle East,
and Asia.
-- Its lower-than-peers' adjusted EBITDA margin of about 21% in
2017. By contrast, S&P expects some of its direct U.S. peers,
including Alera and Broadstreet, to show adjusted EBITDA
+margins above 25%.
In addition, Siaci Saint Honore's need to retain its skilled
workforce could make it harder to cut costs quickly to protect
margins during times of stress, particularly since the French
market is characterized by relatively employee-friendly labor
laws. That said, this is relatively common for professional
services companies. S&P understands about 60% of the group's
workforce is based in France and part of it is employed through
temporary contracts, which enhances its cost flexibility.
S&P said, "We also consider that Siaci Saint Honore has higher
reinvestment needs than many of its direct peers due to historical
underinvestment in the group's IT platform. While we acknowledge
management's plans to address these legacy issues and build the
group's digital offering, we expect business risk profile
acknowledges the group's leading position in the niche markets in
which it operates and its large and diversified client base (3,500
clients, of which the top 30 clients generated 30% of gross sales
in 2017). Siaci Saint Honore's concentrated exposure in the
employee benefits-related insurance brokerage market is somewhat
mitigated by its exposure to different subsegments, such as
health, pension, savings, and international mobility. We also
consider that the predictability of future earnings is supported
by its long track record of operations, the long-term nature of
its relationships, and retention rates of around 95%. Siaci Saint
Honore's relatively high retention rates are supported by the
group's in-house expertise in the French employee benefit-related
insurance market and its ability to progressively increase its
share of client spending by cross-selling its services in the
employee benefit and IRP segments. This has helped it generate
relatively stable organic revenue growth of about 5% per year.
Siaci Saint Honore exhibits good end-market diversity, with
revenues being generated across industries that are not directly
correlated, such as construction, utilities, transport, health
care, and luxury & consumer goods; this should partially mitigate
the group's relatively high concentration to the French market
"Siaci Saint Honore acquired 15 companies between 2015 and 2017,
mostly small brokerage firms that were already included in Siaci
Saint Honore's network and systems. We consider that Siaci Saint
Honore's acquisitive nature supports the growth of its EBITDA
base, but creates some integration risks. However, we acknowledge
the entity's solid track record in integrating acquired
businesses, facilitated by the existing relationship, the
experience of its management team, and its strategy of pursuing
relatively small transactions. We expect Siaci Saint Honore to
continue this strategy, given the highly fragmented nature of the
insurance brokerage services market.
"We assess Siaci Saint Honore's financial risk profile as highly
leveraged. We anticipate the contemplated acquisition of the group
by Charterhouse will result in adjusted debt to increase to
approximately EUR1.1 billion by end-2018, including a EUR485
million proposed term loan B, approximately EUR77 million in
operating lease commitments, EUR52 million in acquisition-related
contingent liabilities, and about EUR480 million of convertible
bonds and preference shares. We view the convertible bonds and
preference shares as debt-like, because the documentation does not
sufficiently restrict cash payments at a fixed rate on those
instruments. The convertible bonds can also be converted to
preference shares at the option of the bondholders.
"The stable outlook reflects our view that Siaci Saint Honore will
continue to increase its EBITDA base and generate positive free
operating cash flow in the next 12 months, based on supportive
operating conditions in its market and on the seamless integration
of recently acquired entities.
"We could consider raising the rating if Siaci Saint Honore was to
demonstrate a faster-than-expected increase in its EBITDA base and
a more robust free operating cash flow generation, resulting in
rapid deleveraging.
"We see limited pressure on the rating in the near term. However,
we could lower the rating if we became concerned about the
sustainability of Siaci Saint Honore's capital structure or
liquidity. Specifically, we would consider lowering the rating if
free operating cash generation were to turn negative for a
prolonged period."
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G E R M A N Y
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HORNBACH BAUMARKT: S&P Alters Outlook to Neg. & Affirms 'BB+' ICR
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S&P Global Ratings revised the outlook on Germany-headquartered
home improvement retailer Hornbach Baumarkt AG to negative from
stable, and affirmed the long-term issuer credit rating at 'BB+'.
S&P said, "At the same time, we affirmed our 'BB+' rating on the
group's EUR250 million senior unsecured notes due 2020. The
recovery rating is unchanged at '3', indicating our expectation of
meaningful (50%-70%; rounded estimate: 65%) recovery prospects in
the event of a payment default.
"The outlook revision reflects our view that the group faces
weaker financial flexibility over the next year or two than
previously anticipated. This follows Hornbach's soft first quarter
results and increased discretionary investments into real estate
planned for the current fiscal year, leading us to forecast weaker
profitability and operating cash flows compared to fiscal 2018
levels. Consequently, we see an elevated risk that the group's
free operating cash flow will be insufficient to cover dividends
and amortization of financial liabilities in fiscals 2019 and
2020, resulting in more debt than we previously anticipated.
Therefore, S&P Global Ratings' adjusted discretionary cash flow to
debt ratio will likely fall short of the 5.0% we previously
forecasted for fiscal 2019 (ending Feb. 28, 2019). Likewise, given
the softer anticipated profitability and cash generation, we
expect that Hornbach will post adjusted debt to EBITDA of 3.0x in
fiscal 2019 with limited deleveraging potential. We believe the
current competitive pressure and industry disruption from online
competitors command somewhat stronger credit metrics to maintain
the rating at the current level.
"Supported by Hornbach's low-price strategy, the company delivered
encouraging sales growth during adverse weather conditions in the
first quarter of fiscal 2019. However, EBITDA growth in the last
two quarters was burdened by lower operating margins. We expect
ramp-up costs associated with three new store openings for fiscal
2019 and high costs for the online store to moderate.
Nevertheless, we expect intense and sustained price competition in
the European DIY sector -- and the German market in particular --
to limit any upside on margins.
"We also believe margin pressure is increased by the general trend
of customers moving online to shop, burdening the profitability of
a retailer with a large store base and hence higher operating
leverage compared to purely online competitors. As a result, our
expected adjusted EBITDA margin for Hornbach of just above 8.0% in
fiscal 2018 has decreased by around 240 basis points (bps)
compared to 2012 and is now among the lowest compared to rated
peers in non-food retailing.
"These factors notwithstanding, Hornbach's comparably efficient
large-format stores, high customer service levels, and established
omnichannel capability (with one of the most advanced online shops
in the German DIY sector) are helping it perform remarkably well
in the competitive German market, which is more fragmented than
other large home improvement markets such as in the U.K. or
France. The company's geographic diversification is another
positive factor, with over 45% of revenues generated outside
Germany. The successful expansion into less competitive and higher
margin markets such as the Czech Republic and the Netherlands have
led to better predictability of cash flows.
"Our ratings on Hornbach continue to reflect our view of the
credit profile of its parent Hornbach Holding on a combined basis.
This is because we consider Hornbach Baumarkt as an integral part
of the Hornbach Holding group, which generates the vast majority
of Hornbach Holding's earnings and is the main source of the
parent company's cash flow and liquidity. Hornbach Baumarkt also
benefits from shared functions and executive management team,
which includes largely the same individuals. Therefore, our rating
on Hornbach is based on Hornbach Holding's consolidated group
accounts, which, among other factors, allow us to capture the
benefit of relatively moderate share of rented stores in the
overall group.
"We now expect the group's leverage ratios to somewhat weaken over
the next two years compared to our previous base case. Despite
solid sales growth, we believe decreasing profitability will
result in slower earnings growth. Consequently, we forecast
adjusted funds from operations (FFO) to debt will hover around
23%-26%, on a weighted-average basis. We still see the rating
supported by a robust level of the retail-specific EBITDAR cash
interest plus rent coverage ratio of 3.0x given the low interest
burden and moderate rent payments (given the high share of store
ownership). We also forecast that Hornbach's merger and
acquisition (M&A) activity will remain very low, while dividends
will stay stable at comparably restrained level. However, given
high planned investments and margin pressure, we now expect the
group to achieve a discretionary cash flow (DCF) to debt ratio of
less than 5% over the next one to two years compared to 5%-10% in
our last forecast.
"The negative outlook reflects our view that the group faces
weaker financial flexibility over the next 1-2 years than
previously anticipated given lower profitability and higher
investments. We now expect higher debt levels and lower earnings
than we had previously anticipated, resulting in an adjusted DCF
to debt ratio of about 5.0%, adjusted FFO to debt of 23%-26%,
adjusted debt to EBITDA of about 3.0x, and an EBITDAR to cash
interest plus rent cover of around 3.0x over the next 18 months.
"We could downgrade Hornbach over the next 18 months if reported
free operating cash flow remains low and insufficient to cover
dividends, for example as a result of high capex or low earnings,
which could also result in adjusted EBITDA margin of less than 8%.
We would also downgrade Hornbach if adjusted DCF to debt fell
sustainably to about 5.0% or less. We could also consider lowering
the rating if, on the back of lower margins and elevated real
estate investments, our adjusted FFO to debt ratio approaches 20%
or less.
"We could consider revising the outlook back to stable if the
group's business operations improve, resulting in free cash
generation sufficient to cover dividends. This could occur if
competitive pressure eases, international sales grow higher than
we expect, or the company commits to less discretionary capex
spending that we currently predict. Given the current competitive
pressure and disruption from online in the industry, we believe a
stable outlook would also require stronger credit metrics,
including FFO to debt approaching 30% and DCF to debt close to
10%."
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I R E L A N D
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ANCHORAGE CAPITAL 1: Moody's Rates EUR 11.7MM Class F Notes 'B2'
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Moody's Investors Service assigned the following definitive
ratings to notes issued by Anchorage Capital Europe CLO 1 DAC:
EUR218,000,000 Class A-1 Senior Secured Floating Rate Notes due
2031, Assigned Aaa (sf)
EUR30,000,000 Class A-2 Senior Secured Fixed Rate Notes due 2031,
Assigned Aaa (sf)
EUR39,200,000 Class B Senior Secured Floating Rate Notes due 2031,
Assigned Aa2 (sf)
EUR23,600,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2031, Assigned A2 (sf)
EUR13,600,000 Class D-1 Senior Secured Deferrable Floating Rate
Notes due 2031, Assigned Baa2 (sf)
EUR6,000,000 Class D-2 Senior Secured Deferrable Fixed Rate Notes
due 2031, Assigned Baa2 (sf)
EUR27,600,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2031, Assigned Ba2 (sf)
EUR11,700,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2031, Assigned B2 (sf)
RATINGS RATIONALE
Moody's definitive rating of the rated notes addresses the
expected loss posed to noteholders by the legal final maturity of
the notes in 2031. The definitive ratings reflect the risks due to
defaults on the underlying portfolio of loans given the
characteristics and eligibility criteria of the constituent
assets, the relevant portfolio tests and covenants as well as the
transaction's capital and legal structure. Furthermore, Moody's is
of the opinion that the collateral manager, Anchorage Capital
Group, L.L.C. ("Anchorage Capital"), has sufficient experience and
operational capacity and is capable of managing this CLO.
Anchorage Capital Europe CLO 1 is a managed cash flow CLO. At
least 90% of the portfolio must consist of senior secured loans
and senior secured bonds and up to 10% of the portfolio may
consist of unsecured senior loans, second-lien loans, mezzanine
obligations and high yield bonds. The portfolio is expected to be
at least 60% ramped up as of the closing date and to be comprised
predominantly of corporate loans to obligors domiciled in Western
Europe.
Anchorage Capital will manage the CLO. It will direct the
selection, acquisition and disposition of collateral on behalf of
the Issuer and may engage in trading activity, including
discretionary trading, during the transaction's four-year
reinvestment period. Thereafter, purchases are permitted using
principal proceeds from unscheduled principal payments and
proceeds from sales of credit risk and credit improved
obligations, and are subject to certain restrictions.
In addition to the eight classes of notes rated by Moody's, the
Issuer has issued EUR 43.5m of subordinated notes which are not
rated.
The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to pay
down the notes in order of seniority.
Methodology Underlying the Rating Action:
The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in August 2017.
Factors that would lead to an upgrade or downgrade of the ratings:
The rated notes' performance is subject to uncertainty. The notes'
performance is sensitive to the performance of the underlying
portfolio, which in turn depends on economic and credit conditions
that may change. Anchorage Capital's investment decisions and
management of the transaction will also affect the notes'
performance.
Loss and Cash Flow Analysis:
Moody's modeled the transaction using CDOEdge, a cash flow model
based on the Binomial Expansion Technique, as described in Section
2.3 of the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in August 2017. The cash
flow model evaluates all default scenarios that are then weighted
considering the probabilities of the binomial distribution assumed
for the portfolio default rate. In each default scenario, the
corresponding loss for each class of notes is calculated given the
incoming cash flows from the assets and the outgoing payments to
third parties and noteholders. Moody's used the following base-
case modeling assumptions:
Par amount: EUR 400,000,000
Diversity Score: 32
Weighted Average Rating Factor (WARF): 2580
Weighted Average Spread (WAS): 3.0%
Weighted Average Coupon (WAC): 4.5%
Weighted Average Recovery Rate (WARR): 43%
Weighted Average Life (WAL): 8.50 years
As part of its analysis, Moody's has addressed the potential
exposure to obligors domiciled in countries with local currency
government bond ratings of A1 or below. According to the portfolio
constraints, the total exposure to countries with a local currency
country risk bond ceiling below Aa3 shall not exceed 10% and per
Eligibility Criteria obligors domiciled in countries with a LCC
below A3 is not allowed.
Stress Scenarios:
Together with the set of modeling assumptions, Moody's conducted
additional sensitivity analysis, which was an important component
in determining the definitive ratings assigned to the rated notes.
This sensitivity analysis includes increased default probability
relative to the base case. Here is a summary of the impact of an
increase in default probability (expressed in terms of WARF level)
on each of the rated notes (shown in terms of the number of notch
difference versus the current model output, whereby a negative
difference corresponds to higher expected losses), holding all
other factors equal:
Percentage Change in WARF: WARF + 15% (to 2967 from 2580)
Ratings Impact in Rating Notches:
Class A-1 Senior Secured Floating Rate Notes: -1
Class A-2 Senior Secured Fixed Rate Notes: -1
Class B Senior Secured Floating Rate Notes: -2
Class C Senior Secured Deferrable Floating Rate Notes: -2
Class D-1 Senior Secured Deferrable Floating Rate Notes: -2
Class D-2 Senior Secured Deferrable Fixed Rate Notes: -2
Class E Senior Secured Deferrable Floating Rate Notes: -1
Class F Senior Secured Deferrable Floating Rate Notes: -1
Percentage Change in WARF: WARF +30% (to 3354 from 2580)
Class A-1 Senior Secured Floating Rate Notes: -1
Class A-2 Senior Secured Fixed Rate Notes: -1
Class B Senior Secured Floating Rate Notes: -3
Class C Senior Secured Deferrable Floating Rate Notes: -4
Class D-1 Senior Secured Deferrable Floating Rate Notes: -2
Class D-2 Senior Secured Deferrable Fixed Rate Notes: -2
Class E Senior Secured Deferrable Floating Rate Notes: -2
Class F Senior Secured Deferrable Floating Rate Notes: -3
=====================
N E T H E R L A N D S
=====================
CAIRN CLO VI: Moody's Gives B1 Rating to EUR8.7MM Class F-R Notes
-----------------------------------------------------------------
Moody's Investors Service assigned the following definitive
ratings to refinancing notes issued by Cairn CLO VI B.V.:
EUR212,000,000 Class A-R Senior Secured Floating Rate Notes due
2029, Definitive Rating Assigned Aaa (sf)
EUR42,100,000 Class B-R Senior Secured Floating Rate Notes due
2029, Definitive Rating Assigned Aa2 (sf)
EUR19,600,000 Class C-R Senior Secured Deferrable Floating Rate
Notes due 2029, Definitive Rating Assigned A2 (sf)
EUR17,150,000 Class D-R Senior Secured Deferrable Floating Rate
Notes due 2029, Definitive Rating Assigned Baa2 (sf)
EUR24,000,000 Class E-R Senior Secured Deferrable Floating Rate
Notes due 2029, Definitive Rating Assigned Ba2 (sf)
EUR8,700,000 Class F-R Senior Secured Deferrable Floating Rate
Notes due 2029, Definitive Rating Assigned B1 (sf)
RATINGS RATIONALE
Moody's definitive ratings of the notes address the expected loss
posed to noteholders by the legal final maturity of the notes in
2029. The ratings reflect the risks due to defaults on the
underlying portfolio of assets, the transaction's legal structure,
and the characteristics of the underlying assets. Furthermore,
Moody's is of the opinion that the collateral manager, Cairn Loan
Investments LLP, has sufficient experience and operational
capacity and is capable of managing this CLO.
The Issuer issues the Refinancing Notes in connection with the
refinancing of the following classes of notes: Class A Notes,
Class B Notes, Class C Notes, Class D Notes, Class E Notes and
Class F Notes due 2029, previously issued in July 2016. On the
Refinancing Date, the Issuer uses the proceeds from the issuance
of the Refinancing Notes to redeem in full the Original Notes. On
the Original Closing Date the Issuer also issued two classes of
subordinated notes, which will remain outstanding.
The main change to the terms and conditions occurring in
connection to the refinancing is the extension of the Weighted
Average Life Test by 12 months to a total of 7 years from the
refinancing date. Furthermore, the base case WARF covenant has
been increased to 2880; in line with this, the Manager is able to
choose from a new set of collateral quality test covenants (the
"Matrix") for reinvestment purposes.
Cairn CLO VI B.V. is a managed cash flow CLO with a target
portfolio made up of EUR 350,000,000 par value of mainly European
corporate leveraged loans. At least 90% of the portfolio must
consist of senior secured loans and senior secured bonds and up to
10% of the portfolio may consist of unsecured senior loans,
second-lien loans or, mezzanine loans. The portfolio is expected
to be 100% ramped up as of the Refinancing Date and to be
comprised predominantly of corporate loans to obligors domiciled
in Western Europe.
Cairn will actively manage the collateral pool of the CLO. It will
direct the selection, acquisition and disposition of collateral on
behalf of the Issuer and may engage in trading activity, including
discretionary trading, during the transaction's remaining 2-year
reinvestment period. Thereafter, purchases are permitted using
principal proceeds from unscheduled principal payments and
proceeds from sales of credit risk and credit improved
obligations, and are subject to certain restrictions.
The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to pay
down the notes in order of seniority.
Methodology Underlying the Rating Action:
The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in August 2017.
Factors that would lead to an upgrade or downgrade of the ratings:
The performance of the notes is subject to uncertainty. The
performance of the notes is sensitive to the performance of the
underlying portfolio, which in turn depends on economic and credit
conditions that may change. The Manager's investment decisions and
management of the transaction will also affect the performance of
the notes.
Loss and Cash Flow Analysis:
Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3.2.1
of the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in August 2017. The cash
flow model evaluates all default scenarios that are then weighted
considering the probabilities of the binomial distribution assumed
for the portfolio default rate. In each default scenario, the
corresponding loss for each class of notes is calculated given the
incoming cash flows from the assets and the outgoing payments to
third parties and noteholders. Therefore, the expected loss or EL
for each tranche is the sum product of (i) the probability of
occurrence of each default scenario and (ii) the loss derived from
the cash flow model in each default scenario for each tranche. As
such, Moody's encompasses the assessment of stressed scenarios.
The key model inputs Moody's used in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. For modeling
purposes, Moody's used the following base-case assumptions:
Performing par and principal proceeds balance: EUR 350,000,000
Defaulted par: EUR 0
Diversity Score: 38
Weighted Average Rating Factor (WARF): 2880
Weighted Average Spread (WAS): 3.70%
Weighted Average Recovery Rate (WARR): 43.0%
Weighted Average Life (WAL): 7 years
Moody's has analysed the potential impact associated with
sovereign related risk of peripheral European countries. As part
of the base case, Moody's has addressed the potential exposure to
obligors domiciled in countries with local currency country
ceiling of A1 or below. Following the effective date, and given
the portfolio constraints and the current sovereign ratings in
Europe, such exposure may not exceed 10% of the total portfolio.
As a result and in conjunction with the current foreign government
bond ratings of the eligible countries, as a worst case scenario,
a maximum 10% of the pool would be domiciled in countries with a
local currency country ceiling of A3. The remainder of the pool
will be domiciled in countries which currently have a local or
foreign currency country ceiling of Aaa or Aa1 to Aa3.
Stress Scenarios:
Together with the set of modeling assumptions, Moody's conducted
an additional sensitivity analysis, which was a component in
determining the definitive ratings assigned to the rated notes.
This sensitivity analysis includes increased default probability
relative to the base case.
Here is a summary of the impact of an increase in default
probability (expressed in terms of WARF level) on the notes (shown
in terms of the number of notch difference versus the current
model output, whereby a negative difference corresponds to higher
expected losses), assuming that all other factors are held equal.
Percentage Change in WARF -- increase of 15% (from 2880 to 3312)
Rating Impact in Rating Notches:
Class A-R Senior Secured Floating Rate Notes: 0
Class B-R Senior Secured Floating Rate Notes : -2
Class C-R Senior Secured Deferrable Floating Rate Notes: -2
Class D-R Senior Secured Deferrable Floating Rate Notes: -2
Class E-R Senior Secured Deferrable Floating Rate Notes: -1
Class F-R Senior Secured Deferrable Floating Rate Notes: -1
Percentage Change in WARF -- increase of 30% (from 2880 to 3744)
Class A-R Senior Secured Floating Rate Notes: -1
Class B-R Senior Secured Floating Rate Notes: -3
Class C-R Senior Secured Deferrable Floating Rate Notes: -4
Class D-R Senior Secured Deferrable Floating Rate Notes: -2
Class E-R Senior Secured Deferrable Floating Rate Notes: -2
Class F-R Senior Secured Deferrable Floating Rate Notes: -3
CAIRN CLO VI: Fitch Gives B- Rating to EUR8.7MM Class F-R Notes
---------------------------------------------------------------
Fitch Ratings has assigned Cairn CLO VI B.V. refinance notes final
ratings, as follows:
EUR212 million Class A-R: 'AAAsf'; Outlook Stable
EUR42.1 million Class B-R: 'AAsf'; Outlook Stable
EUR19.6 million Class C-R: 'Asf'; Outlook Stable
EUR17.15 million Class D-R: 'BBBsf'; Outlook Stable
EUR24 million Class E-R: 'BBsf'; Outlook Stable
EUR8.7 million Class F-R: 'B-sf'; Outlook Stable
EUR17.65 million M-1 subordinated notes: not rated
EUR20.8 million M-2 subordinated notes: not rated
Cairn CLO VI B.V. is a cash flow collateralised loan obligation
(CLO). Net proceeds from the issuance of the notes are being used
to reset a portfolio of EUR350 million of mostly European
leveraged loans and bonds. The portfolio is actively managed by
Cairn Loan Investments LLP. The CLO envisages a two-year
reinvestment period and a seven-year weighted average life (WAL).
KEY RATING DRIVERS
'B'/'B-' Portfolio Credit Quality
Fitch places the average credit quality of the obligors in the 'B'
range. The Fitch weighted average rating factor (WARF) of the
current portfolio is 32, below the indicative maximum covenant of
34.
Favourable Recovery Prospects
At least 90% of the portfolio will consist of senior secured
obligations. Fitch views the recovery prospects for these assets
more favourable than for second-lien, unsecured and mezzanine
assets. The Fitch weighted average recovery rate (WARR) of the
current portfolio is 66.15%, above the minimum covenant of 63.5%.
Stress Portfolio
For the analysis, Fitch created a stress portfolio based on the
transaction's portfolio profile tests and collateral quality
tests. These included a top 10 obligor limit at 20%, a seven-year
weighted average life, top industry limit at 17.5% with the top
three industries at 40%, and a maximum 'CCC' bucket at 7.5%.
Limited Interest Rate Exposure
Up to 5% of the portfolio can be invested in fixed-rate assets,
while there are no fixed-rate liabilities. Fitch modelled both 0%
and 5% fixed-rate buckets and found that the rated notes can
withstand the interest rate mismatch associated with each scenario
at a break-even WARR for the pricing point.
RATING SENSITIVITIES
A 125% default multiplier applied to the portfolio's mean default
rate, and with this increase added to all rating default levels,
would lead to a downgrade of up to two notches for the rated
notes. A 25% reduction in recovery rates would lead to a downgrade
of up to four notches for the rated notes.
USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
The majority of the underlying assets or risk-presenting entities
have ratings or credit opinions from Fitch and/or other Nationally
Recognised Statistical Rating Organisations and/or European
Securities and Markets Authority-registered rating agencies. Fitch
has relied on the practices of the relevant groups within Fitch
and/or other rating agencies to assess the asset portfolio
information.
Overall, Fitch's assessment of the asset pool information relied
upon for the agency's rating analysis according to its applicable
rating methodologies indicates that it is adequately reliable.
DRYDEN 32: Fitch Assigns 'B-(EXP)sf' Rating to Class F Notes
------------------------------------------------------------
Fitch Ratings has assigned Dryden 32 Euro CLO 2014 B.V. (Reset)
expected ratings as follows:
Class X: 'AAA(EXP)sf'; Outlook Stable
Class A-1: 'AAA(EXP)sf'; Outlook Stable
Class A-2: 'AAA(EXP)sf'; Outlook Stable
Class B: 'AA(EXP)sf'; Outlook Stable
Class C: 'A(EXP)sf'; Outlook Stable
Class D: 'BBB(EXP)sf'; Outlook Stable
Class E: 'BB(EXP)sf'; Outlook Stable
Class F: 'B-(EXP)sf'; Outlook Stable
Subordinated notes: not rated
The assignment of the final ratings is contingent on the receipt
of final documents conforming to information already reviewed.
Dryden 32 Euro CLO 2014 B.V. is a cash flow CLO closed in July
2014. The portfolio is actively managed by PGIM Limited., and the
asset portfolio mostly comprises European leveraged loans and
bonds. Fitch did not rate the transaction at closing. Net proceeds
from the notes are being used to redeem the old notes, with a new
identified portfolio comprising the existing portfolio, as
modified by sales and purchases conducted by the manager. The
reset CLO will feature a 4.5-years reinvestment period (ending
February 2023) and an 8.5-year WAL.
KEY RATING DRIVERS
'B/B-' Portfolio Credit Quality
Fitch views the average credit quality of obligors to be in the
'B/B-' range. The Fitch-weighted average rating factor (WARF) of
the identified portfolio is 33.1, below the maximum covenant of 34
for assigning the ratings.
High Recovery Expectations
At least 92.5% of the portfolio comprises senior secured
obligations. Fitch views the recovery prospects for these assets
as more favourable than for second-lien, unsecured and mezzanine
assets. The Fitch-weighted average recovery rate (WARR) of the
identified portfolio is 63.2%.
Interest Rate Exposure
Fixed-rate liabilities represent 12.8% of the target par, while
unhedged fixed-rate assets can represent up to 20% of the
portfolio, with a minimum of 10%. The transaction is therefore
partially hedged against rising interest rates.
Diversified Asset Portfolio
The transaction will feature different Fitch test matrices with
different allowances for exposure to the 10 largest obligors
(maximum 18% and 27.5%). The manager can then interpolate between
these matrices. The transaction also includes limits on maximum
industry exposure based on Fitch industry definitions. The maximum
exposure to the largest three Fitch industries in the portfolio is
covenanted at 40%.
Limited Foreign-Exchange Risk
The transaction is allowed to invest up to 20% of the portfolio in
non-euro-denominated assets, provided these are hedged with
perfect asset swaps at the settlement date. Unhedged non-euro
assets must not exceed 2.5% of the portfolio at any time.
Adverse Selection and Portfolio Management
The transaction features a 4.5-year reinvestment period and
includes reinvestment criteria similar to other European
transactions. Fitch's analysis is based on a stressed-case
portfolio with the aim of testing the robustness of the
transaction structure against its covenants and portfolio
guidelines.
Cash Flow Analysis
Fitch used a customised proprietary cash flow model to replicate
the principal and interest waterfalls and the various structural
features of the transaction and to assess their effectiveness,
including the structural protection provided by excess spread
diverted through the par value and interest coverage tests.
RATING SENSITIVITIES
A 125% default multiplier applied to the portfolio's mean default
rate, and with this increase added to all rating default levels,
would lead to a downgrade of up to three notches for the rated
notes. A 25% reduction in recovery rates would lead to a downgrade
of up to three notches for the rated notes.
USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
The majority of the underlying assets or risk presenting entities
have ratings or credit opinions from Fitch and/or other Nationally
Recognized Statistical Rating Organizations and/or European
Securities and Markets Authority registered rating agencies. Fitch
has relied on the practices of the relevant groups within Fitch
and/or other rating agencies to assess the asset portfolio
information.
Overall, Fitch's assessment of the asset pool information relied
upon for the agency's rating analysis according to its applicable
rating methodologies indicates that it is adequately reliable.
NXP BV: Moody's Change Outlook to Stable & Confirms 'Ba1' CFR
-------------------------------------------------------------
Moody's Investors Service confirmed the ratings of NXP B.V. and
NXP Semiconductors N.V. following the announcement that Qualcomm
Inc.'s acquisition agreement with NXP Semiconductors has been
terminated. This action concludes the review for upgrade initiated
on October 27, 2016, upon Qualcomm's announcement that it would
acquire NXP Semiconductors for $110.00 cash per share, which was
increased on February 20, 2018 to $127.50 cash per share or about
$44 billion. Given that the deal was terminated due to failure to
achieve regulatory approval, Qualcomm will pay NXP Semiconductors
a $2 billion breakup fee. The ratings outlook is stable.
Outlook Actions:
Issuer: NXP B.V.
Outlook, Changed To Stable From Rating Under Review
Issuer: NXP Semiconductors N.V.
Outlook, Changed To Stable From Rating Under Review
Confirmations:
Issuer: NXP B.V.
Probability of Default Rating, Confirmed at Ba1-PD
Corporate Family Rating, Confirmed at Ba1
Senior Unsecured Regular Bond/Debenture, Confirmed at Ba1(LGD3)
Issuer: NXP Semiconductors N.V.
Senior Unsecured Conv./Exch. Bond/Debenture, Confirmed at
Ba2(LGD6)
Affirmations:
Issuer: NXP B.V.
Speculative Grade Liquidity Rating, Affirmed SGL-1
RATINGS RATIONALE
The confirmation of the rating and the stable outlook reflects
financial policy uncertainty following the termination of the
acquisition. Given the inability to obtain regulatory approval
from the State Administration for Market Regulation in China,
Moody's believes that other US-based potential acquirers may now
be reluctant to bid for NXP, removing a potential exit source to
shareholders. NXP has not clearly articulated financial policies
post-termination of the agreement with Qualcomm and Moody's
believes there is a risk that NXP may now pursue other means to
enhance shareholder value, which could include debt-funded
acquisitions or accelerated share repurchases. To the extent that
NXP commits to maintaining a conservative financial policy, there
could be upward rating pressure.
The Ba1 CFR reflects NXP's leadership position in automotive
semiconductors and consistent free cash flow ("FCF") generation
due to NXP's fab-lite manufacturing model. The rating also
reflects the large exposure to cyclical end markets, including the
automobile market (about 40% of revenues) and the communications
infrastructure end market (about 10%), and to the mobile phone
market (about 25%), which is subject to short product life cycles.
To the extent that NXP does not pursue debt-funded acquisitions or
repurchases, Moody's expects that that through the combination of
debt reduction and EBITDA growth, debt to EBITDA (Moody's
adjusted) will decline over the next year.
The stable outlook reflects Moody's expectation that NXP will
experience at least the low single digits percent revenue growth
and will refrain from large leveraging acquisitions or debt-funded
shareholder returns over the next year. Given Moody's expectation
that NXP will at least maintain the current margin profile, the
resulting EBITDA growth should improve leverage such that Moody's
expects that debt to EBITDA (Moody's adjusted) will decline toward
the lower 2x level over the next year.
The rating could be upgraded if:
-- NXP maintains its strong market positions
-- commits to maintaining a conservative financial policy
-- sustains leverage around or below 2.5x debt to EBITDA
(Moody's adjusted)
The rating could be downgraded if:
-- NXP engages in large debt-funded acquisitions or shareholder
returns such that Moody's expects that debt to EBITDA
(Moody's adjusted) will be maintained above 3.5x.
The Ba1 senior unsecured rating reflects guarantees from NXP's
operating subsidiaries and the effective subordination of this
class of debt to the $600 million senior secured revolver.
The Ba2 rating of the cash convertible notes of NXP Semiconductors
N.V. reflects both the absence of collateral and the absence of
upstream guarantees from operating subsidiaries, which renders the
cash convertible notes structurally subordinated to the debt of
NXP.
The SGL-1 Speculative Grade Liquidity rating reflects NXP's very
good liquidity profile. As of April 1, 2018, NXP held cash of
approximately $4 billion. Moody's expects NXP to maintain cash of
at least $500 million (excluding the cash of NXP's joint venture
with TSMC, which was $241 million at April 1, 2018) and FCF of
over $1 billion over the next year. The large cash balance and
strong FCF generation should allow NXP to maintain full
availability under the $600 million senior secured revolving
credit facility due 2020. None of NXP's debt instruments contain
financial covenants. The next significant maturity is the $1.15
billion cash convertible notes of NXP Semiconductors N.V. maturing
in December 2019.
The principal methodology used in these ratings was the
Semiconductor Industry Methodology published in December 2015.
NXP B.V. ("NXP") headquartered in Eindhoven, the Netherlands,
produces integrated circuits and discrete semiconductors used in a
wide range of applications, including automotive, identification,
wireless infrastructure, lighting, industrial, mobile, consumer
and computing.
===========
N O R W A Y
===========
NORWEGIAN AIR 2016-1: Moody's Lowers Class B Certs Rating to B2
---------------------------------------------------------------
Moody's Investors Service affirmed the Ba1 rating assigned to
Norwegian Air Shuttle ASA's Class A Enhanced Pass Through
Certificates, Series 2016-1 and downgraded this Series' Class B
Enhanced Pass Through Certificates to B2 from B1. The rating
outlook on the EETCs is stable.
RATINGS RATIONALE
The affirmation of the Class A certificates reflects Moody's
estimate of a sufficient equity cushion of about 35% before
priority claims on Norwegian's Series 2016-1 Enhanced Equipment
Trust Certificates. Ten Boeing B737-800s delivered new to NAS
during 2016 collateralize the equipment notes that support the
transaction. These aircraft will remain some of the youngest 737-
800s in the company's fleet over the transaction's remaining ten
years, which supports Moody's belief that these aircraft will
remain in the fleet, even if the company was to experience an
insolvency event. Norwegian operated 117 737-800s at the end of
2017. The number of Boeing 737 MAX 8s in operation will increase
annually in upcoming years. The downgrade of the Class B reflects
the combination of ongoing weak operating performance in 2018 and
the potential for the equity cushion on the Class B of about 25%
before priority claims to be insufficient to fully-pay off the
Class B certificates should the transaction be unexpectedly
rejected by NAS if there were a NAS insolvency event.
Growth of the fleet is expected to continue through 2019,
notwithstanding weak earnings, very limited operating cash flow
after interest payments and negative free cash flow. High growth
and robust competition across Europe and on international routes,
has, and Moody's believes will continue to pressure unit revenues
and yields. Higher oil prices than in 2016 and 2017 will continue
to pressure financial results. These factors have increased
financial leverage, lowered interest coverage and reduced
liquidity reserves relative to upcoming capex commitments and debt
repayments and its expectations. The company's position as
Europe's third-largest low-cost carrier, with a particularly
strong position in the Scandinavian market and its competitive
cost structure owing to its modern fleet and non-union labor force
help to offset further pressure on the EETC ratings.
The Pass-Through Certificate ratings reflect the importance of the
B737-800 to the core European operations of NAS, and the
expectation that there will be a significant number of B737-800s
in the NAS fleet that are older than the 2016-vintage aircraft in
this transaction over the 12-year term that would more likely be
rejected under a default scenario. The ratings also reflect the
support of separate 18-month liquidity facilities. The ratings
consider the applicability of the Cape Town Convention and
Aircraft Protocol as implemented in Irish insolvency law to the
operating leases and equipment notes, the terms of the various
instruments that comprise the transaction that support the EETC
Trustee's right to repossess the aircraft following payment
default on the leases or on the equipment notes. Moody's believes
that it is unlikely that the lessee, NAS' Irish registered,
airline operating company, Norwegian Air International Limited
(NAIL), could retain the aircraft for an extended period and not
make the contractual rent payments. Moody's believes that
following a payment default, the EETC Trustee would be able to
repossess the aircraft with sufficient time to monetize the
aircraft before the then committed amounts of the liquidity
facilities are consumed.
The operating leases and equipment notes are registered
international interests in the Cape Town International Registry.
Ireland has elected a 60-Day Alternative A Waiting Period under
Article XI of the Aircraft Protocol. Alternative A became force of
law in Ireland in May 2017.
During Examination under Irish law, there is the potential for a
missed payment on the leases if the Examiner chooses to not make a
rent payment that falls due on one or more of the aircraft it
deems not essential. Under such a circumstance, the liquidity
facilities would cover the scheduled interest payment on the
Certificates. However, Irish insolvency law requires Examiners to
make payments on needed assets and equipment during an
Examination. Moody's anticipates that since Alternative A has been
implemented, the Trustee would be stayed for only the 60 day-
waiting period implemented by Ireland. Cape Town is relatively new
law in Ireland, with no known precedents of application.
Nevertheless, Moody's believes that the importance of aviation,
particularly aircraft leasing, to the Irish economy and to
Ireland's credibility in the global aviation market will promote
timely repossessions of aircraft following payment defaults. When
the aircraft are situated outside of Ireland during a lease
default, the Trustee would seek repossession pursuant to the terms
of the leases, typically with a court order from the jurisdiction
where it expects to take possession, if a voluntary handover is
not forthcoming.
The stable outlook reflects its expectation that NAS will continue
to grow its network and frequencies on existing routes, limiting
the need to downsize its narrow-body fleet, notwithstanding the
current pressures on earnings and cash flows. Moody's would
consider changing the ratings in the event of any combination of
future changes in the underlying credit quality of NAS, changes in
NAS' network strategy that lead to a downsizing of the narrow-body
fleet, materially larger than expected declines in the market
value of B737-800 aircraft or indications that Irish insolvency
law would be ineffective such that timely repossession of the
aircraft collateral was no longer expected.
Norwegian is currently the third largest low-cost carrier in
Europe, measured by seat kilometers, and has a growing network of
low-cost long-haul destinations. Since its transformation into a
low-cost airline operator in 2002, Norwegian has evolved from a
six-aircraft domestic carrier in Norway, to a major international
airline that, at December 31, 2017, operated 144 aircraft on 500
routes to 150 destinations over four continents.
Downgrades:
Issuer: NAS Enhanced Pass Through Certificate 2016-1B
Senior Secured Enhanced Equipment Trust, Downgraded to B2 from B1
Affirmations:
Issuer: NAS Enhanced Pass Through Certificate 2016-1A
Senior Secured Enhanced Equipment Trust, Affirmed Ba1
Outlook Actions:
Issuer: NAS Enhanced Pass Through Certificate 2016-1A
Outlook, Remains Stable
Issuer: NAS Enhanced Pass Through Certificate 2016-1B
Outlook, Remains Stable
The methodologies used in these ratings were Enhanced Equipment
Trust and Equipment Trust Certificates published in December 2015,
and Passenger Airline Industry published in April 2018.
===========
R U S S I A
===========
ENERGOGARANT JSIC: S&P Alters Outlook to Pos. & Affirms 'BB-' ICR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook to positive from stable on
Russia-based insurer Energogarant JSIC. S&P affirmed its 'BB-'
long-term issuer credit and financial strength ratings on
Energogarant.
S&P said, "The outlook revision reflects our expectation that
Energogarant will continue improving its underwriting
profitability during the next 12 months. We note that the
company's combined (loss and expense) ratio strengthened to 101.3%
in 2017 from 105.5% on average over 2013-2016. In our view,
further improvement in underwriting results will likely stem from
the expected gradual deregulation of tariffs for obligatory motor
third-party liability insurance (OMTPL) by the end of 2018. This
is particularly because motor insurance remains Energogarant's key
business segment, representing about 50% of gross premium written
(GPW) in first-quarter 2018.
"We forecast that insurance premium in the motor segment will grow
following higher tariffs that can be imposed by the company,
especially in remote regions of Russia. Gradually increasing car
sales and borrowing activity will also contribute to insurance
premium growth, in our view.
"Overall, we anticipate that the company's premiums will increase
by around 8%-10% during the next two years. At the same time, we
see that the strain from unpredictable OMTPL claims settlement in
courts is gradually easing following the company's demonstrated
ability to deal with it efficiently. These supporting factors will
likely enable the company to strengthen its combined ratio to less
than 100% in 2018-2019.
"The positive outlook reflects that we could raise Energogarant's
ratings by one notch within the next 12 months if the company's
underwriting performance further improves, with net combined ratio
below or close to 100%, which would support its capital adequacy
and competitive position.
"We could revise the outlook to stable if Energogarant's
profitability weakened, which could happen in the event of sizable
underwriting or investment losses."
ING BANK: Moody's Withdraws Ba2 Long-Term FC Deposit Rating
-----------------------------------------------------------
Moody's Investors Service has withdrawn the following ratings of
ING Bank Eurasia:
- Long-term local-currency deposit rating of Baa3
- Long-term foreign-currency deposit rating of Ba2
- Short-term local-currency deposit rating of Prime-3
- Short-term foreign-currency deposit rating of Not Prime
- Long-term local-currency senior unsecured debt rating of Baa3
- Long-term Counterparty Risk Assessment of Baa3(cr)
- Short-term Counterparty Risk Assessment of Prime-3(cr)
- Baseline Credit Assessment (BCA) of ba3
- Adjusted BCA of baa3
At the time of the withdrawal, all the bank's long-term ratings
carried a stable outlook.
RATINGS RATIONALE
Moody's has decided to withdraw the ratings for its own business
reasons.
ING Bank Eurasia is 99.99% owned by ING Bank N.V. (Aa3 stable,
baa1) and is ultimately 100% owned by ING Group. As of year-end
2017, ING Bank Eurasia reported total assets of RUB171.7 billion
and total equity of RUB37.9 billion under audited International
Financial Reporting Standards (IFRS) financial statements. Its net
IFRS profit for 2017 was RUB4.1 billion.
===========
S E R B I A
===========
AGRI EUROPE: S&P Assigns 'B+' Issuer Credit Rating
--------------------------------------------------
S&P Global Ratings assigned its 'B+' long-term issuer credit
rating to Serbia-based agribusiness group AEC Agrinvestment Ltd.
(Agri Europe). The outlook is stable.
S&P said, "On Jan. 29, 2018, we assigned a 'BB-' preliminary
issuer credit rating based on the transaction and debt structure
that was then being proposed. At the same time, we are withdrawing
our 'BB-' preliminary issue rating on the proposed senior notes;
these notes are not being issued.
"The downgrade signifies that, in our view, Agri Europe's
profitability and free cash flow generation for the next 12-18
months will be significantly weaker than previously expected. We
now anticipate persistently low market prices for sugar in Europe
during 2018 and 2019. This will have a significant effect on the
profitability of Agri Europe's sugar production, which contributed
about 60% of EBITDA in 2016."
Sugar prices in Europe are expected to remain weak, chiefly
because of a continued oversupply of sugar in Europe and low
global market prices. Despite a competitive operating cost
structure and a dominant position in Serbia, with established
storage and distribution in the southern Central and Eastern
Europe (CEE) region, the low market prices, combined with
inherently high operating leverage, are likely to weaken the
profitability of the sugar activities.
S&P said, "Overall, we expect Agri Europe's lower earnings,
volatile working capital swings, and planned capex, could present
downside risks to our free cash flow projections and credit
metrics for the next 12-18 months. Under our base case, we
currently project free cash flows of about EUR30 million in 2018
and S&P Global Ratings-adjusted debt to EBITDA of about 4.5x-5.0x.
"Our rating analysis incorporates Agri Europe's smaller scale of
operations and, to a lesser extent, a lower product diversity than
we previously assumed in January 2018.
"Management decided not to proceed with the issuance of long-term
senior notes at present. Therefore, we view the debt structure and
debt maturity profile as less favorable. Agri Europe will remain
reliant on bank lines to fund its business needs and will continue
to bear significant debt maturities in the next 12 months. We
understand the company is expecting most of these credit lines to
be renewed and rolled over. We also note it has a diverse pool of
lenders and the ability to secure long-term credit lines.
"Agri Europe is an agribusiness group that is part of a wider
diversified group that operates in banking (AIK Banka in Serbia)
and owns a small portfolio of hotels in the region. We rate the
company based on our assessment of the credit quality of its
agribusiness activities, as well as the activities of the wider
group, including banking and hotels.
"The stable outlook reflects Agri Europe's dominant position in
its domestic market, the large share of export sales in euros, and
the competitiveness of its manufacturing and distribution
facilities. That said, the very low level of sugar prices in
Europe is likely to persist in 2018 and 2019 and we expect this to
constrain free cash flow generation.
"At the current rating level, we anticipate that Agri Europe will
maintain our adjusted debt-to-EBITDA ratio of around 4.5x and
positive free cash flow in the next 12 months.
"We could lower the rating if we see a sharper-than-expected drop
in profitability over the next 12 months, especially if it affects
sugar production, coupled with an inability to manage the volatile
working capital swings.
"We could also lower the rating if we consider that the credit
quality of the banking operations has materially deteriorated.
"We would take a negative rating action if we saw S&P Global
Ratings-adjusted debt to EBITDA at or above 5.0x for the next 12
months and free cash flow generation being neutral or negative.
"We could raise the rating if we saw a strong and sustained
rebound in earnings over the next 12 months, especially if it came
from sugar production. Assuming good control on capex and working
capital swings, we would then see likely stronger free cash flow
generation than in our base case and a sharper reduction in
leverage in 2018.
"Longer term, we would view it as positive if Agri Europe were to
expand the scale of operations in the CEE region, with a focus on
exports, as well as widening its product diversity to include a
larger share of value agricultural products such as meat
processing or food and beverages. We could also raise the rating
if we considered that the credit quality of the banking operations
had materially improved."
An upgrade would depend on S&P Global Ratings-adjusted debt to
EBITDA decreasing to below 4.0x on a sustained basis, combined
with stronger free cash flow generation than in our current base-
case projections.
=========
S P A I N
=========
CAIXABANK CONSUMO 3: Moody's Confirms B3 Rating on Class B Notes
-----------------------------------------------------------------
Moody's Investors Service has upgraded the ratings of one Note in
CAIXABANK CONSUMO 3, FONDO DE TITULIZACION ("CAIXABANK CONSUMO 3,
FT"), as well as the ratings of two Notes in Fondo De Titulizacion
Santander Consumo 2 ("FT Santander Consumo 2").
Moody's also affirmed the ratings of one Note and confirmed the
ratings of three Notes in FT Santander Consumo 2, and confirmed
the ratings of one Note in CAIXABANK CONSUMO 3, FT.
Issuer: CAIXABANK CONSUMO 3, FONDO DE TITULIZACION
EUR2278.5M Class A Notes, Upgraded to Aa3 (sf); previously on Apr
25, 2018 A2 (sf) Placed Under Review for Possible Upgrade
EUR171.5M Class B Notes, Confirmed at B3 (sf); previously on Apr
25, 2018 B3 (sf) Placed Under Review for Possible Upgrade
Issuer: Fondo De Titulizacion Santander Consumo 2
EUR865M Class A Notes, Affirmed Aa1 (sf); previously on Apr 25,
2018 Upgraded to Aa1 (sf)
EUR50M Class B Notes, Upgraded to A1 (sf); previously on Apr 25,
2018 A3 (sf) Placed Under Review for Possible Upgrade
EUR50M Class C Notes, Confirmed at Baa3 (sf); previously on Apr
25, 2018 Baa3 (sf) Placed Under Review for Possible Upgrade
EUR20M Class D Notes, Confirmed at Ba2 (sf); previously on Apr 25,
2018 Ba2 (sf) Placed Under Review for Possible Upgrade
EUR15M Class E Notes, Confirmed at Ba3 (sf); previously on Apr 25,
2018 Ba3 (sf) Placed Under Review for Possible Upgrade
EUR15M Class F Notes, Upgraded to Ba3 (sf); previously on Apr 25,
2018 B3 (sf) Placed Under Review for Possible Upgrade
CAIXABANK CONSUMO 3, FT is a static cash securitisation of
unsecured consumer loans as well as consumer loans backed by first
lien and second lien consumer mortgages and consumer drawdowns of
related mortgage lines of credit extended to obligors in Spain by
Caixabank S.A. (Caixabank).
FT Santander Consumo 2 is a revolving cash securitization of
unsecured consumer loan receivables extended by Banco Santander,
S.A. (Spain) to private obligors.
RATINGS RATIONALE
Moody's rating action concludes the review of two Notes issued by
CAIXABANK CONSUMO 3, FT and five Notes in FT Santander Consumo 2
placed on review for upgrade on April 25 2018 following the
upgrade of the Government of Spain's sovereign rating to Baa1 from
Baa2 and the raising of the country ceiling of Spain to Aa1 from
Aa2.
The upgrade action of the Class A Notes of CAIXABANK CONSUMO 3, FT
are driven by the raising of the country ceiling of Spain as well
as the increased levels of credit enhancement of the Class A
Notes. The asset performance is in line with initial expectation.
Moody's confirmed the rating of the Class B tranche that had
sufficient credit enhancement to maintain their current ratings.
The upgrade action of the Class B and Class F Notes of FT
Santander Consumo 2 are driven respectively by the raising of the
country ceiling of Spain and asset performance in line with
initial expectation leading to sufficient excess spread to redeem
the Class F Notes. Moody's confirmed the rating of the Class C, D
and E tranches which have sufficient credit enhancement to
maintain their current ratings.
In CAIXABANK CONSUMO 3, FT the 60+ days delinquencies are at 2.81%
of current balance and cumulative defaults are 0.19% of original
balance as of June 2018. Cumulative default rate assumption of
7.0% of original balance remains unchanged as collateral
performance is in line with expectations; the equivalent
cumulative default rate assumption expressed as % of current
balance is 9.36% given the transactions pool factor of 72.7%.
In FT Santander Consumo 2, 60+ days delinquencies are at 1.77% of
current balance and cumulative defaults are 0.42% of original
balance plus replenishments as of April 2018. Cumulative default
rate assumption of 5.5% of original balance remains unchanged as
collateral performance is in line with expectations.
Moody's has reviewed the counterparty risk in both deals and
concluded that the ratings on all Notes are not constrained by
counterparty exposure in any of those transactions.
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, and (3) a decrease in sovereign risk and (4)
improvement in the credit quality of the transaction
counterparties.
Factors or circumstances that could lead to a downgrade of the
ratings include (1) an increase in sovereign risk, (2) performance
of the underlying collateral that is worse than Moody's expected,
(3) deterioration in the Notes' available CE and (4) deterioration
in the credit quality of the transaction counterparties.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was 'Moody's
Approach to Rating Consumer Loan-Backed ABS' published in
September 2015.
===========
S W E D E N
===========
DUNKIN DONUTS: Swedish Franchise Files for Bankruptcy
-----------------------------------------------------
The Local reports that American doughnut chain Dunkin' Donuts'
Swedish franchise has filed for bankruptcy.
The company filed for bankruptcy at Linkoping District Court,
closing its restaurants across Sweden with immediate effect, The
Local relays, citing Swedish tabloid Aftonbladet.
Around 60 employees are affected by the closure, including 15
full-time staff, The Local discloses.
===========================
U N I T E D K I N G D O M
===========================
CUDDY GROUP: Plan to Enter Into Administration Won't Hit Club
-------------------------------------------------------------
Mark Orders at Western Mail reports that Mike Cuddy insists the
Cuddy Group entering administration will not have a negative
impact on the fortunes of Neath RFC.
According to Western Mail, the Neath-based firm is folding, with
staff given formal notice of the company's intention to appoint
receivers.
There have been concerns in Neath about how the develop would
affect the local rugby club, which is owned by Cuddy, who is also
chairman, but he has moved to set the record straight, saying he
and his family remain committed to the Welsh All Blacks, who are
Wales' oldest club, Western Mail relates.
HOUSE OF FRASER: Chinese Investor Delays Potential Lifeline
-----------------------------------------------------------
Ben Woods at The Telegraph reports that the future of House of
Fraser has been thrown into further doubt after a Chinese investor
delayed a potential lifeline, leaving the department store chain
facing a cash crunch.
According to The Telegraph, bosses at House of Fraser are facing a
battle to keep the high street chain trading until the autumn
after Hamleys owner C.Banner International Holdings put on hold a
deal to pump in GBP70 million of new capital.
The Chinese shoe retailer had agreed to provide a cash lifeline in
return for a 51% stake in House of Fraser if it underwent a
sweeping restructuring plan, The Telegraph relates. However, a
company voluntary arrangement (CVA), which would have seen the
chain close more than half its stores, has been put on hold after
it was hit with a legal action, The Telegraph notes.
As reported by the Troubled Company Reporter-Europe on July 23,
2018, Drapers Online related that a group of landlords filed a
petition in the Scottish Courts, challenging House of Fraser's
CVA. They are challenging the CVA proposals on the grounds of
alleged "unfair prejudice against certain creditors, as well as
material irregularities in the implementation of the CVA", Drapers
Online discloses.
* * *
As reported by the Troubled Company Reporter-Europe on June 20,
2018, S&P Global Ratings placed its 'CCC+' long-term issuer credit
rating on U.K. department store retailer House of Fraser (UK &
Ireland) Ltd. on CreditWatch with negative implications. S&P
said, "At the same time, we placed our 'CCC+' long-term issue
rating on the group's GBP175 million senior secured floating-rate
notes (of which GBP164.9 million remain outstanding) on
CreditWatch negative. We revised down our recovery rating on these
notes to '4' from '3', reflecting our expectation of average
recovery prospects (30%-50%; rounded estimate: 35%) in the event
of default." The CreditWatch placement follows the launch of
House of Fraser's Company Voluntary Arrangement (CVA), and the
release of preliminary results for the group's first quarter
ending April 28, 2018.
JAGUAR LAND: S&P Lowers ICR to 'BB', Outlook Stable
---------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
U.K.-based premium auto manufacturer Jaguar Land Rover Automotive
PLC (JLR) to 'BB' from 'BB+'. The outlook is stable.
S&P said, "At the same time, we lowered our issue ratings on JLR's
senior unsecured notes to 'BB' from 'BB+'. The '3' recovery rating
is unchanged.
"A combination of headwinds hit U.K.-based premium auto
manufacturer JLR in the fiscal year ended March 31, 2018. Despite
the sound performance of global auto markets during 2017 and in
2018 to date, volumes at JLR, including units sold at its Chinese
joint venture (JV), were up only 1.7% (614,000 versus 604,000)
compared with our initial projections of 10%-20% growth. The
group's underperformance resulted from a 13% drop in sales in the
U.K. market, which declined 15.7% in March 2018 versus previous
years, according to LMC Automotive. This came alongside decreasing
sales in other European markets, where JLR suffered from the
accelerated decline of diesel sales, which decreased 5%. All this
happened at a time of heavy investments in JLR's production
facility in Slovakia and in electrification of its product
offering; research and development (R&D), and capital expenditure
(capex) represent 15% of sales. JLR's profits took a hit as
adjusted EBITDA margins (which include dividends paid out by JLR's
Chinese JV) fell below 6% from 7% in fiscal year 2017 and 9% in
fiscal year 2016. We conclude that the company's lack of scale and
diversification, which the group has been trying to address, only
provides modest resilience to JLR's profitability from market-
specific risks. We are thus revising our assessment of JLR's
business risk profile to fair from satisfactory.
"Volumes (including the Chinese JV) in the first quarter of fiscal
year 2019 (ended June 30, 2018) are up 5.9%, mainly as a result of
the recovery of the U.K. market from historical lows in the same
period of the previous fiscal year. Still, the group's sales
elsewhere in Europe are down 7%, which we believe is partly
because of the difficultly of adapting to the shift in consumer
preferences away from diesel to hybrids. Although the company
maintains a strong commitment to extend electrification options to
the entire product line-up from 2020, we believe that, beyond the
I-PACE first battery SUV, having only a limited set of models with
mild and plug-in hybrid features could weigh on volumes in a
market that has been more dynamic in terms of consumer demand than
expected.
"Although we do not yet factor this into our base case, we believe
event risk is higher for JLR than for its peers. We believe that
an escalation in the trade war between the U.S. and Europe
enveloping tariffs on cars imported into the U.S. is a high risk.
"This would have a negative impact on JLR, since its lack of
production facilities in North America (which accounts for a
little less than 20% of group sales), coupled with the highly
competitive conditions in the U.S. market in terms of new products
and competitive pricing, would make it challenging for the group
to pass on tariffs to consumers.
"While the outcome of the Brexit negotiations remains highly
uncertain, we believe this is a unique risk for JLR compared with
its main peers', owing to the group's reliance on the U.K. market
for approximately one-fifth of its sales. To mitigate the risks
attached to Brexit, we anticipate some additional near-term costs
for JLR in adjusting the supply chain and inventory levels. In the
event of a disruption related to Brexit, the financial impact
would be material -- up to GBP1.2 billion in extra annual costs
for the group -- according to a statement by JLR's CEO."
The materialization of either of these events would jeopardize the
planned recovery of profitability at JLR in the medium term
(public target: long-term reported EBIT margin of 7%-9% compared
with 3.8% in fiscal year 2018).
S&P said, "In our base-case scenario, we expect a gradual recovery
of EBITDA margins, owing substantially to the fallout of some
supply chain issues that affected the group's performance in
fiscal year 2018, costs linked to the new production plant in
Slovakia, and the gradual move to modular longitudinal vehicle
architecture.
"Nonetheless, we project our adjusted EBITDA margin would recover
to 2016 levels (9.0%) only in 2020. Because of persistently high
capex needs, we expect negative free operating cash flows (FOCF)
until 2020, which could be detrimental to the rating in the
absence of relatively comfortable headroom in the credit metrics."
The stable outlook on JLR reflects the consolidated outlook on
India-based Tata Motors, which reflects our expectation that the
company's modest volume growth, and improving profitability at JLR
from a shift in production to low-cost Slovakia facilities and
controlled capital spending, would lift its ratio of FFO to debt
to 30%-40% over the next 12-18 months. A continued turnaround in
Tata Motors' commercial vehicles (CV) business should also support
the recovery.
S&P said, "We may lower the rating on JLR if we lower the rating
on Tata Motors, which could occur if the ratio of FFO to debt
fails to recover to more than 25% over the next 12 months. This
could happen if the company's operating performance remains weak
while its capital spending stays elevated. Reported EBITDA margins
of less than 11.0% would indicate weak operating performance.
Brexit-related trade restrictions, U.S. import tariffs, reduced
volumes, or profit margin at JLR due to competition or changing
consumer preferences, and a wavering Indian CV business could
result in such a scenario.
"We are unlikely to upgrade JLR and Tata Motors over the next 12
to 24 months, unless the consolidated ratio of FFO to debt were to
well exceed 45% on a sustainable basis, and the company is close
to breakeven on FOCF. JLR's improved performance, without a
commensurate increase in capital spending; reduced Brexit and
U.S.-tariff risks; and a sustained recovery in Tata Motors' India
operations could indicate such a scenario."
JOHNSTON PRESS: Explores Restructuring, Debt Refinancing Options
----------------------------------------------------------------
Arathy S. Nair and Maiya Keidan at Reuters report that
Johnston Press is exploring options to restructure or refinance
its debt, the British regional newspaper publisher said on
July 26 in a statement issued after its shares more than doubled.
Custos Group CEO Christen Ager-Hanssen told Reuters the top
investor activist is not in discussions with the company, however,
after offering to help refinance it on July 24.
He had offered help and called on the board to consult
shareholders on its options on July 24, Reuters discloses.
Johnston Press, which owns more than 200 local and regional
newspapers including The Scotsman and The Yorkshire Post, said it
had not received any proposal from any party for a refinancing or
restructuring of its debt, Reuters relates.
The company announced in March 2017 that it would conduct a
strategic review of its financing options for a GBP220 million
(GBP220.25 million) bond due for repayment in June 2019, Reuters
recounts.
The company has struggled with declining revenue as advertisers
increasingly use online platforms, drawing the attention of
Custos, which has previously sought to oust the company's
chairman, Reuters states.
TOWD POINT 2018: Moody's Assigns (P)B2 Rating to Class E Notes
--------------------------------------------------------------
Moody's Investors Service has assigned provisional ratings to the
following classes of Notes to be issued by Towd Point Mortgage
Funding 2018 - Auburn 12 plc.
GBP[-] Class A Mortgage Backed Floating Rate Notes due February
2045, Rating Assigned (P)Aaa (sf)
GBP[-] Class B Mortgage Backed Floating Rate Notes due February
2045, Rating Assigned (P)Aa3 (sf)
GBP[-] Class C Mortgage Backed Floating Rate Notes due February
2045, Rating Assigned (P)A2 (sf)
GBP[-] Class D Mortgage Backed Floating Rate Notes due February
2045, Rating Assigned (P)Baa3 (sf)
GBP[-] Class E Mortgage Backed Floating Rate Notes due February
2045, Rating Assigned (P)B2 (sf)
The Class F Mortgage Backed Notes, the Senior Deferred
Certificate, the Deferred Certificate 1 the Deferred Certificate 2
and the subordinated loan have not been rated by Moody's.
This transaction is the latest securitisation of Capital Home
Loans Limited ("CHL", not rated), and the seventh under the "TPMF"
label. The portfolio consists of UK first lien home loans,
predominantly buy-to-let, originated by CHL and repurchased by CHL
from Auburn Securities 9 plc immediately prior to the sale by CHL
to the issuer. Subject to certain conditions the final pool will
comprise of up to GBP[393] million of loans originated by CHL. The
portfolio will be serviced by CHL.
RATINGS RATIONALE
The rating of the Notes take into account, among other factors:
(1) the performance of the previous transactions launched by CHL;
(2) the credit quality of the underlying mortgage loan pool, (3)
legal considerations; and (4) the initial credit enhancement
provided to the senior Notes by the junior Notes and the reserve
fund.
Expected Loss and MILAN CE Analysis
Moody's determined the MILAN credit enhancement (MILAN CE) and the
portfolio's expected loss (EL) based on the pool's credit quality.
The MILAN CE reflects the loss Moody's expects the portfolio to
suffer in the event of a severe recession scenario. The expected
portfolio loss (EL) of 2.2% and the MILAN CE of 13.5% serve as
input parameters for Moody's cash flow and tranching model, which
is based on a probabilistic lognormal distribution.
The key drivers for the MILAN CE, which is in line with the UK
buy-to-let sector average of ca. 13.0% and is based on Moody's
assessment of the loan-by-loan information are: (1) the weighted-
average current loan-to-value (LTV) of [77.4]%, which is higher
than the LTV observed in other comparable UK BTL transactions; (2)
the historical performance of the pool (more than [90]% of the
pool has never been in arrears); (3) the weighted-average
seasoning of [11.7] years; (4) the proportion of interest-only
loans ([93.7]%) ; and (5) benchmarking with other UK BTL RMBS
transactions as well as with the previous transactions of CHL.
Pool characteristics have been calculated using the non-defaulted
portion of the pool equal to GBP [392.5] million.
The key drivers for the portfolio's EL, which is higher than the
UK buy-to-let sector average of ca. 1.7% and which is based on
Moody's assessment of the lifetime loss expectation are: (1) the
performance of the seller's precedent transactions as well as the
performance of the seller's book; (2) benchmarking with comparable
transactions in the UK BTL RMBS market; and (3) the current
economic conditions in the UK and the potential impact of future
interest rate rises on the performance of the mortgage loans.
Operational Risk Analysis
CHL is the contractual servicer. A back-up servicer (Homeloan
Management Limited ("HML" not rated)) and back-up servicer
facilitator (Wilmington Trust SP Services (London) Limited (not
rated)) will be appointed at closing. The backup servicer is
required to step in within 60 days and perform the duties of the
servicer if, amongst other things, the servicer is insolvent or
defaults on its obligation under the servicing agreement.
CHL will also act as cash manager. A back-up cash manager (Elavon
Financial Services DAC., UK Branch (Aa2/P-1 Bank deposits) will be
appointed at closing.
The collection account is held at Barclays Bank PLC ("Barclays")
(A2/P-1 Bank Deposits). There is a daily sweep of the funds held
in the collection account into the transaction account. In the
event Barclays' rating falls below Baa3 the collection account
will be transferred to an entity rated at least Baa3. The issuer
account is held at HSBC Bank plc (Aa2/P-1 Bank Deposits) with a
transfer requirement if the rating of the account bank falls below
A3.
Transaction structure
There is a liquidity facility in place at closing to cover
shortfalls in amounts available for payment of interest in respect
of the Class A Notes and senior expenses ranking in priority
thereto. There are two liquidity facility providers. Salisbury
Receivables Company LLC (Salisbury) (P-1 (sf)) will provide
liquidity on an uncommitted basis, while Barclays Bank PLC
(Barclays) (A2/P-1 Bank Deposits) will provide liquidity on a
committed basis. Each request for liquidity will first be made to
Barclays, which will have the option to pass the request to
Salisbury. In the event Salisbury does not provide the liquidity
requested by the Issuer, Barclays will be obliged to do so. There
is no Liquidity Reserve Fund in place at closing. Following the
step up date (4.5 years from closing) the Liquidity Reserve Fund
will start to build up to 1.7% of the Class A Notes' outstanding
balance and can be used to pay senior fees and interest on Class
A. Prior to the step up date liquidity is provided via a 364 day
revolving Liquidity Facility equal to 1.7% of the Class A Notes'
outstanding balance. Principal can be used as an additional source
of liquidity to meet shortfall in senior fees and interest on the
most senior outstanding class. In addition, Moody's notes that
unpaid interest on the Class B, C, D and E is deferrable. Non-
payment of interest on the Class A Notes constitutes an event of
default.
Interest on the Class B, Class C, Class D and Class E Notes is
subject to a Net Weighted Average Coupon (Net WAC) Cap. Net WAC
additional amounts are paid junior in the revenue waterfall being
the difference between the class B, C, D and E coupon and the Net
WAC Cap. Moody's notes that the Net WAC additional amounts are not
part of the interest payment promise to the referenced Classes
according to the terms and conditions of the Notes.
Moody's notes that the Net WAC Cap formula defined in the
transaction divides the scheduled weighted average coupon net of
fees of 30bps by the proportion of the rated Notes to the
aggregate current balance of the loans. Consequently, should the
aggregate current balance of the loans become less than the rated
Notes as a result of high portfolio losses leading to unpaid PDL
on the rated Notes, the Net WAC Cap calculation would decrease and
potentially reduce the size of promised interest payments to be
received by investors under the Class B through Class E Notes to
below their stated coupon and furthermore below the scheduled WAC
of the pool. Moody's has considered various prepayment and loss
scenarios and its impact on total payments to be made to investors
due to the Net WAC Cap calculation. In particular Moody's
considered the likelihood that Net WAC additional amounts would be
paid in these scenarios, and quantified the incremental losses
posed to investors. Moody's views the likelihood of such scenarios
as consistent with the ratings of the Notes.
Interest Rate Risk Analysis
The majority of the loans in the pool are BBR linked (ca. [98.8]%)
with the remaining small proportion linked to CHL's SVR. There is
no swap in the transaction to mitigate the risk of mismatch
between the index applicable to the loans in the pool and the
index applicable to the Notes. Moody's has taken the absence of a
swap into account in the stressed margin vector used in the cash
flow modelling.
Principal Methodology
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
September 2017.
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.
Factors that would lead to an upgrade or downgrade of the ratings:
Significantly different loss assumptions compared with Moody's
expectations at close due to either a change in economic
conditions from its central scenario forecast or idiosyncratic
performance factors would lead to rating actions.
For instance, should economic conditions be worse than forecast,
the higher defaults and loss severities resulting from a greater
unemployment, worsening household affordability and a weaker
housing market could result in a downgrade of the ratings.
Downward pressure on the ratings could also stem from: (1)
deterioration in the Notes' available credit enhancement; (2)
counterparty risk based on a weakening of a counterparty's credit
profile, or (3) any unforeseen legal or regulatory changes.
Conversely, the ratings could be upgraded: (1) if economic
conditions are significantly better than forecasted; or (2) upon
deleveraging of the capital structure.
The provisional ratings addresses the EL posed to investors by the
legal final maturity of the Notes. In Moody's opinion, the
structure allows for timely payment of interest and ultimate
payment of principal with respect to the Class A Notes by the
legal final maturity. In Moody's opinion, the structure allows for
ultimate payment of interest and principal with respect to the
Class B, Class C, Class D and Class E Notes by the legal final
maturity. Moody's ratings only address the credit risk associated
with the transaction. Other non-credit risks have not been
addressed, but may have a significant effect on yield to
investors.
Moody's issues provisional ratings in advance of the final sale of
securities, but these ratings only represent Moody's preliminary
credit opinion. Upon a conclusive review of the transaction and
associated documentation, Moody's will endeavour to assign
definitive ratings to the Notes. A definitive rating may differ
from a provisional rating.
===============
X X X X X X X X
===============
* BOND PRICING: For the Week July 23 to July 27, 2018
-----------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
FF Group Finance Luxembour 1.750 7/3/2019 EUR 43.850
FF Group Finance Luxembour 3.250 11/2/2021 CHF 43.322
Casino Guichard Perrachon 1.941 EUR 58.719
Andrade Gutierrez Internat 4.000 4/30/2018 USD 70.000
Aryzta AG 5.314 CHF 67.275
Steinhoff Europe AG 1.875 1/24/2025 EUR 69.394
VIEO BV 6.750 9/7/2022 EUR 69.110
Mitsubishi UFJ Investor Se 4.177 12/15/2050 EUR 53.279
Aryzta AG 3.500 CHF 63.371
Rallye SA 3.250 2/8/2024 CHF 73.066
Astaldi SpA 4.875 6/21/2024 EUR 68.258
New Look Secured Issuer PL 6.500 7/1/2022 GBP 50.500
Holdikks SAS 6.750 7/15/2021 EUR 46.728
O1 Properties Finance PLC 8.250 9/27/2021 USD 64.553
Galapagos Holding SA 7.000 6/15/2022 EUR 61.100
QGOG Constellation SA 6.250 11/9/2019 USD 28.856
Steinhoff Finance Holding 1.250 10/21/2023 EUR 46.803
Ageasfinlux SA 1.022 EUR 60.344
House of Fraser Funding PL 6.377 9/15/2020 GBP 73.090
Credit Bank of Moscow Via 8.875 USD 76.950
Agrokor dd 9.875 5/1/2019 EUR 24.243
QGOG Constellation SA 9.500 11/9/2024 USD 38.844
Teva Pharmaceutical Financ 4.100 10/1/2046 USD 73.454
Ensco PLC 5.750 10/1/2044 USD 71.620
Offshore Drilling Holding 8.375 9/20/2020 USD 51.058
Oi Brasil Holdings Coopera 5.750 2/10/2022 USD 7.050
EA Partners I BV 6.875 9/28/2020 USD 73.030
BNP Paribas SA 2.528 USD 71.990
Turkey Government Bond 7.100 3/8/2023 TRY 69.650
Portugal Telecom Internati 5.000 11/4/2019 EUR 5.193
Rothschilds Continuation F 2.750 USD 71.414
Agrokor dd 9.125 2/1/2020 EUR 23.883
EA Partners II BV 6.750 6/1/2021 USD 69.134
Portugal Telecom Internati 4.625 5/8/2020 EUR 5.852
Vallourec SA 4.125 10/4/2022 EUR 7.289
Bank Otkritie Financial Co 10.000 4/26/2019 USD 16.667
Agrokor dd 8.875 2/1/2020 USD 24.347
Bourbon Corp 6.446 EUR 47.000
Neopost SA 3.375 EUR 56.590
OAS Investments GmbH 8.250 10/19/2019 USD 6.100
New Look Senior Issuer PLC 8.000 7/1/2023 GBP 26.125
Immigon Portfolioabbau AG 5.982 EUR 15.750
BIM SAS 2.500 11/13/2020 EUR 23.221
Econocom Group SA/NV 0.500 3/6/2023 EUR 7.988
Societe Generale SA 2.545 USD 74.575
Rickmers Holding AG 8.875 6/11/2018 EUR 2.255
New Look Secured Issuer PL 4.500 7/1/2022 EUR 49.343
Maisons du Monde SA 0.125 12/6/2023 EUR 48.680
Nexans SA 2.500 1/1/2019 EUR 74.029
Promsvyazbank OJSC Via PSB 10.200 11/6/2019 USD 14.442
EOS Imaging SA 6.000 5/31/2023 EUR 6.790
America Movil BV 5.500 9/17/2018 EUR 73.027
Air Berlin PLC 8.250 4/19/2018 EUR 0.455
Portugal Telecom Internati 5.875 4/17/2018 EUR 4.732
Grupo Isolux Corsan SA 3.000 12/30/2021 EUR 0.628
Portugal Telecom Internati 4.375 3/24/2017 EUR 5.025
Genfit 3.500 10/16/2022 EUR 30.846
Nexity SA 0.125 1/1/2023 EUR 71.170
ADLER Real Estate AG 2.500 7/19/2021 EUR 16.151
Pacific Drilling SA 5.375 6/1/2020 USD 37.250
Mriya Agro Holding PLC 9.450 4/19/2018 USD 7.750
Transcapitalbank JSC Via T 10.000 9/18/2020 USD 55.000
DNB Bank ASA 2.375 USD 71.692
Korian SA 2.500 EUR 41.310
Grupo Isolux Corsan SA 0.250 12/30/2021 EUR 0.622
Portugal Telecom Internati 4.500 6/16/2025 EUR 6.637
DNB Bank ASA 2.563 USD 71.692
Nexity SA 0.250 3/2/2025 EUR 70.268
Banco Espirito Santo SA 4.750 1/15/2018 EUR 28.656
Banco Espirito Santo SA 2.625 5/8/2017 EUR 28.777
Turkey Government Bond 8.800 9/27/2023 TRY 74.100
Oi Brasil Holdings Coopera 5.625 6/22/2021 EUR 6.984
OGX Austria GmbH 8.500 6/1/2018 USD 0.366
Johnston Press Bond Plc 8.625 6/1/2019 GBP 68.718
Air Berlin PLC 6.750 5/9/2019 EUR 1.076
Privatbank CJSC Via UK SPV 10.250 1/23/2018 USD 25.000
FIGEAC-AERO 1.125 10/18/2022 EUR 24.770
Mitsubishi UFJ Investor Se 3.921 12/30/2099 EUR 5.365
Avangardco Investments Pub 10.000 10/29/2018 USD 19.667
EFG International AG 1.262 EUR 56.234
Scandinavian Airlines Syst 0.625 CHF 26.167
Capital Raising GmbH 7.500 EUR 54.268
Scholz Holding Gmbh 8.500 12/31/2019 EUR 2.210
Portugal Telecom Internati 6.250 7/26/2016 EUR 5.000
Yuksel Insaat AS 9.500 11/10/2015 USD 18.932
Lambay Capital Securities 6.250 GBP 0.898
Banco Espirito Santo SA 4.000 1/21/2019 EUR 29.266
DNB Bank ASA 2.375 USD 71.692
Pierre & Vacances SA 2.000 4/1/2023 EUR 56.634
Afren PLC 6.625 12/9/2020 USD 0.058
Tonon Luxembourg SA 10.500 5/14/2024 USD 4.000
WPE International Cooperat 10.375 9/30/2020 USD 17.750
Alitalia-Societa Aerea Ita 5.250 7/30/2020 EUR 5.230
Privatbank CJSC Via UK SPV 11.000 2/9/2021 USD 10.840
Fred Olsen Energy ASA 4.030 2/28/2019 NOK 58.845
Orient Express Bank PJSC V 10.000 USD 56.004
Claranova SADIR 5.000 7/1/2023 EUR 1.120
UkrLandFarming PLC 10.875 3/26/2018 USD 20.000
Bilt Paper BV 9.640 USD 22.348
Frey 6.000 11/15/2022 EUR #N/A N/A
Intelsat Luxembourg SA 12.500 11/15/2024 USD 95.000
New World Resources NV 8.000 4/7/2020 EUR 1.477
Virgolino de Oliveira Fina 10.500 1/28/2018 USD 5.288
QGOG Constellation SA 9.500 11/9/2024 USD 38.934
Hamon & CIE SA 5.500 1/30/2020 EUR 62.531
Banco Espirito Santo SA 7.125 11/28/2023 EUR 0.222
OSX 3 Leasing BV 13.000 3/20/2015 USD 25.003
Mriya Agro Holding PLC 10.950 3/30/2016 USD 7.340
Cattles Ltd 7.125 7/5/2017 GBP 0.238
3W Power SA 10.000 8/29/2019 EUR 2.559
Veneto Banca SpA 9.500 12/1/2025 EUR 0.307
Santhera Pharmaceuticals H 5.000 2/17/2022 CHF 72.345
Credit Lyonnais SACA 0.765 EUR 70.000
Stichting Afwikkeling Onde 6.250 10/26/2020 EUR 4.577
Lloyds Bank PLC 0.755 12/27/2028 USD 63.918
Deutsche Bank AG/London 0.279 10/31/2034 USD 56.366
Waste Italia SpA 10.500 11/15/2019 EUR 2.204
Norske Skog Holding AS 8.000 2/24/2021 EUR 1.173
Hellenic Republic Governme 2.085 7/25/2057 EUR 39.875
Alno AG 8.500 5/14/2018 EUR 2.189
Manchester Building Societ 6.750 GBP 15.701
Virgolino de Oliveira Fina 11.750 2/9/2022 USD 5.097
NTRP Via Interpipe Ltd 10.250 8/2/2017 USD 29.512
Dexia Credit Local SA 1.404 EUR 6.611
Pescanova SA 8.750 2/17/2019 EUR 1.616
SeniVita Sozial gemeinnuet 7.000 EUR 63.500
Credit Suisse AG 2.328 2/27/2030 USD 69.000
Lloyds Bank PLC 0.116 10/25/2033 USD 59.485
Aralco Finance SA 10.125 5/7/2020 USD 2.983
Lehman Brothers UK Capital 6.900 USD 2.744
International Industrial B 9.000 7/6/2011 EUR 0.363
Air Berlin PLC 5.625 5/9/2019 CHF 1.011
German Pellets GmbH 7.250 7/9/2018 EUR 0.940
Sairgroup Finance BV 4.375 6/8/2006 EUR 11.125
Espirito Santo Financial G 3.125 12/2/2018 EUR 0.271
Barclays Bank PLC 0.995 9/13/2028 USD 63.528
Allied Irish Banks PLC 12.500 6/25/2035 GBP 74.509
Andrade Gutierrez Internat 4.000 4/30/2018 USD 69.431
New World Resources NV 4.000 10/7/2020 EUR 0.151
Norske Skogindustrier ASA 7.000 12/30/2026 EUR 1.000
Natwest Markets PLC 0.072 11/16/2030 USD 60.894
Elli Investments Ltd 12.250 6/15/2020 GBP 50.000
Beate Uhse AG 7.750 7/9/2019 EUR 1.785
Sidetur Finance BV 10.000 4/20/2016 USD 5.251
Credit Suisse AG 3.744 4/29/2031 USD 73.750
BBVA International Preferr 1.665 GBP 55.774
Kaupthing ehf 7.625 2/28/2015 USD 0.250
QGOG Constellation SA 6.250 11/9/2019 USD 29.023
Barclays Bank PLC 0.875 3/27/2029 USD 59.098
Afren PLC 10.250 4/8/2019 USD 0.366
Havila Shipping ASA 5.650 11/7/2020 NOK 62.432
Azubu Investments SA 5.000 8/25/2018 EUR 10.000
Stichting Afwikkeling Onde 11.250 EUR 1.073
Lehman Brothers UK Capital 5.125 EUR 7.379
OGX Austria GmbH 8.500 6/1/2018 USD 0.366
Touax SCA-SGTR-CITE-SGT-CM 6.000 7/10/2020 EUR 17.788
Offshore Drilling Holding 8.375 9/20/2020 USD 51.565
KTG Agrar SE 7.125 6/6/2017 EUR 3.823
Cirio Holding Luxembourg S 6.250 2/16/2004 EUR 0.975
Inside Secure SA 6.000 6/29/2022 EUR 3.781
Hybrid Raising GmbH 6.625 EUR 54.096
Praktiker AG 5.875 2/10/2016 EUR 1.085
Kommunekredit 0.500 7/30/2027 TRY 28.198
Pescanova SA 5.125 4/20/2017 EUR 1.276
Rem Offshore ASA 5.000 12/8/2024 NOK 49.990
OGX Austria GmbH 8.375 4/1/2022 USD 0.421
O1 Group Finance 9.750 4/22/2027 RUB 2.550
Breeze Finance SA 6.708 4/19/2027 EUR 29.050
Depfa Funding IV LP 1.547 EUR 57.167
Depfa Funding III LP 1.064 EUR 56.472
Espirito Santo Financial G 9.750 12/19/2025 EUR 0.542
LBI HF 6.100 8/25/2011 USD 5.000
Eniro AB 6.000 4/14/2020 SEK 5.184
GEWA 5 to 1 GmbH & Co KG 6.500 3/24/2018 EUR 23.050
Bank Nadra Via NDR Finance 8.250 7/31/2018 USD 0.884
Privatbank CJSC Via UK SPV 10.875 2/28/2018 USD 24.848
GNB - Cia de Seguros de Vi 3.179 EUR 73.626
Afren PLC 11.500 2/1/2016 USD 0.082
Lehman Brothers UK Capital 3.875 EUR 8.246
Kaupthing ehf 5.750 10/4/2011 USD 0.250
Sazka AS 9.000 7/12/2021 EUR 0.304
German Pellets GmbH 7.250 11/27/2019 EUR 1.101
Vseukrainsky Aktsinerny Ba 10.900 6/14/2019 USD 0.546
Eurobank Ergasias SA 6.410 1/17/2028 EUR 66.790
Home Money LLC 18.000 4/19/2022 RUB 25.700
Havila Shipping ASA 4.940 11/7/2020 NOK 50.592
House of Fraser Funding PL 6.377 9/15/2020 GBP 73.108
Tonon Luxembourg SA 9.250 1/24/2020 USD 4.882
Agrokor dd 8.875 2/1/2020 USD 24.691
Espirito Santo Financial G 6.875 10/21/2019 EUR 0.094
Norske Skogindustrier ASA 7.125 10/15/2033 USD 4.226
JZ Capital Partners Ltd 6.000 7/30/2021 GBP 10.300
Banco Pastor SAU 2.079 EUR 6.712
Cirio Finance Luxembourg S 7.500 11/3/2002 EUR 4.587
Dexia SA 1.451 EUR 8.665
Republic of Italy Governme 0.077 7/31/2045 EUR 74.439
Volkswagen Bank Rus OOO 9.950 7/16/2021 RUB 81.780
Vneshprombank Ltd Via VPB 9.000 11/14/2016 USD 0.087
KPNQwest NV 7.125 6/1/2009 EUR 0.090
Banca Popolare di Vicenza 9.500 9/29/2025 EUR 0.463
Banco Pinto & Sotto Mayor 1.127 EUR 47.560
Portigon AG 7.460 12/31/2019 EUR 30.300
Del Monte Finance Luxembou 6.625 5/24/2006 EUR 4.777
Northland Resources AB 4.000 10/15/2020 USD 0.138
AgroGeneration 8.000 4/1/2019 EUR 65.000
Bibby Offshore Services PL 7.500 6/15/2021 GBP 14.766
Barclays Bank PLC 0.116 5/30/2034 USD 61.500
INVEST-DEVELOPMENT PJSC 15.000 4/2/2026 RUB 65.000
Petrol AD 6.000 1/26/2022 EUR 31.653
Tatfondbank OAO Via TFB Fi 8.500 11/12/2019 USD 8.470
SeaBird Exploration Financ 6.000 6/30/2020 USD 20.000
Sequa Petroleum NV 5.000 4/29/2020 USD 69.761
World Wide Supply AS 7.750 5/26/2017 USD 15.259
Russian Railways JSC 7.250 4/4/2033 RUB 61.250
Teksid Aluminum Luxembourg 11.375 7/15/2011 EUR 0.139
Turkey Government Internat 7.100 3/8/2023 TRY 69.659
Societe Generale SA 8.250 5/26/2020 EUR 72.760
CRC Breeze Finance SA 6.110 5/8/2026 EUR 46.101
Pierre & Vacances SA 3.500 10/1/2019 EUR 37.724
Barclays Bank PLC 1.352 9/30/2031 USD 55.483
New Look Senior Issuer PLC 8.000 7/1/2023 GBP 26.125
Deutsche Bank AG/London 3.000 2/23/2035 EUR 75.000
Cirio Finanziaria SpA 8.000 12/21/2005 EUR 0.880
Lehman Brothers Treasury C 6.000 2/15/2035 EUR 6.000
SAG Solarstrom AG 7.500 7/10/2017 EUR 33.625
Banco Espirito Santo SA 6.875 7/15/2016 EUR 27.574
Lehman Brothers UK Capital 5.750 EUR 3.000
Cooperatieve Rabobank UA 0.500 10/30/2043 MXN 11.629
Lloyds Bank PLC 0.496 7/5/2033 USD 55.676
Windreich GmbH 6.500 7/15/2016 EUR 13.125
Air Berlin Finance BV 6.000 3/6/2019 EUR 1.220
Ideal Standard Internation 11.750 5/1/2018 EUR 0.740
Finmek International SA 7.000 12/3/2004 EUR 5.158
Deutsche Bank AG/London 0.164 11/26/2034 USD 54.832
Rena GmbH 8.250 7/11/2018 EUR 2.000
Alpine Holding GmbH 5.250 6/10/2016 EUR 0.151
Koninklijke Luchtvaart Maa 0.750 CHF 36.500
International Industrial B 11.000 2/19/2013 USD 0.209
Cooperatieve Rabobank UA 0.500 2/26/2029 HUF 60.500
Mobylife Holding A/S 7.250 5/23/2020 SEK 8.263
PNE AG 3.750 10/10/2019 EUR 3.400
Corporate Commercial Bank 8.250 8/8/2014 USD 1.854
Lehman Brothers Treasury C 7.250 10/5/2035 EUR 6.000
Barclays Bank PLC 0.060 11/29/2030 USD 60.649
OT Logistics SA 6.810 2/23/2020 PLN 65.100
O1 Properties Finance PLC 8.250 9/27/2021 USD 67.281
Manchester Building Societ 8.000 GBP 21.697
Bank Nederlandse Gemeenten 0.500 9/20/2022 MXN 70.077
Oi Brasil Holdings Coopera 5.750 2/10/2022 USD 5.317
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 3.224
UniCredit Bank Austria AG 0.171 12/31/2031 EUR 74.463
Alpine Holding GmbH 6.000 5/22/2017 EUR 0.196
Barclays Bank PLC 0.630 4/30/2029 USD 71.039
Portugal Telecom Internati 5.242 11/6/2017 EUR 5.458
Lloyds Bank PLC 1.540 9/26/2033 USD 61.800
Artea 6.000 8/4/2019 EUR 14.120
ESFIL-Espirito Santo Finan 5.250 6/12/2015 EUR 0.034
Lehman Brothers Treasury C 6.000 11/2/2035 EUR 6.000
Decipher Production Ltd 12.500 9/27/2018 USD 1.873
A-TEC Industries AG 2.750 5/10/2014 EUR 0.357
Hellas Telecommunications 8.500 10/15/2013 EUR 0.424
Holdikks SAS 6.750 7/15/2021 EUR 47.333
Bank Nederlandse Gemeenten 0.500 8/15/2022 ZAR 70.887
O1 Properties Finance PLC 7.000 1/29/2021 USD 69.923
Intelsat Luxembourg SA 12.500 11/15/2024 USD 75.000
New Look Secured Issuer PL 6.500 7/1/2022 GBP 50.300
Deutsche Bank AG/London 0.144 9/30/2029 USD 62.136
KPNQwest NV 10.000 3/15/2012 EUR 0.090
Steilmann SE 7.000 3/9/2017 EUR 1.588
HSBC France SA 0.635 EUR 61.550
Alpine Holding GmbH 5.250 7/1/2015 EUR 0.191
getgoods.de AG 7.750 10/2/2017 EUR 0.206
Sairgroup Finance BV 6.625 10/6/2010 EUR 11.125
Depfa Funding II LP 6.500 EUR 59.411
Windreich GmbH 6.500 3/1/2015 EUR 13.125
mybet Holding SE 6.250 12/12/2020 EUR 60.000
Alno AG 8.000 3/21/2019 EUR 4.000
Agroton Public Ltd 6.000 7/14/2019 USD 16.000
PA Resources AB 13.500 3/3/2016 SEK 0.124
Galapagos Holding SA 7.000 6/15/2022 EUR 61.260
Norske Skogindustrier ASA 2.000 12/30/2115 EUR 1.113
Tonon Luxembourg SA 10.500 5/14/2024 USD 3.479
A-TEC Industries AG 5.750 11/2/2010 EUR 0.357
Turkey Government Internat 7.100 3/8/2023 TRY 69.659
SpareBank 1 SR-Bank ASA 1.457 12/21/2030 EUR 73.405
Republic of Italy Governme 0.082 7/31/2045 EUR 72.647
SAG Solarstrom AG 6.250 12/14/2015 EUR 33.625
getBACK SA 6.100 5/10/2020 PLN 27.100
Afren PLC 10.250 4/8/2019 USD 0.001
Steilmann SE 7.000 9/23/2018 EUR 1.586
Pacific Drilling SA 5.375 6/1/2020 USD 34.938
Turkey Government Bond 10.600 2/11/2026 TRY 76.350
Lloyds Bank PLC 1.140 4/26/2027 USD 69.334
DEMIRE Deutsche Mittelstan 6.000 12/30/2018 EUR 4.151
Banco Espirito Santo SA 6.900 6/28/2024 EUR 27.191
Burovoya Kompaniya Eurasia 10.250 6/21/2019 RUB 76.180
Finance and Credit Bank JS 9.250 1/25/2019 USD 0.727
APP International Finance 11.750 10/1/2005 USD 0.189
KPNQwest NV 8.875 2/1/2008 EUR 0.090
IT Holding Finance SA 9.875 11/15/2012 EUR 0.103
Bank Julius Baer & Co Ltd/ 10.000 1/10/2019 EUR 73.100
Societe Generale SA 1.600 1/9/2020 GBP 1.120
Ahtium PLC 9.750 4/4/2017 EUR 3.288
Virgolino de Oliveira Fina 10.875 1/13/2020 USD 26.032
Stichting Afwikkeling Onde 2.422 EUR 1.073
Region of Molise Italy 0.132 12/15/2033 EUR 57.850
Barclays Bank PLC 1.084 10/10/2029 USD 57.296
HSBC Bank PLC 0.500 7/11/2023 BRL 60.334
BLT Finance BV 12.000 2/10/2015 USD 10.500
Barclays Bank PLC 1.248 1/31/2029 USD 56.144
Hamburgische Landesbank-Gi 0.052 1/22/2041 EUR 63.679
Svensk Exportkredit AB 0.500 4/24/2029 AUD 64.509
Landesbank Hessen-Thuering 0.061 5/3/2041 EUR 67.328
Waste Italia SpA 10.500 11/15/2019 EUR 2.204
Cooperatieve Rabobank UA 0.500 7/30/2043 MXN 11.600
IKS 5 Finance OOO 8.450 5/7/2032 RUB 81.260
MS Deutschland Beteiligung 6.875 12/18/2017 EUR 3.510
Steilmann SE 6.750 6/27/2017 EUR 2.214
KTG Agrar SE 7.250 10/15/2019 EUR 3.823
Norske Skog Holding AS 8.000 2/24/2021 EUR 1.173
Afren PLC 6.625 12/9/2020 USD 0.001
Banco Santander SA 2.000 USD 65.981
Cirio Del Monte NV 7.750 3/14/2005 EUR 0.973
O1 Properties Finance PLC 6.000 5/18/2021 USD 65.017
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 0.380
Barclays Bank PLC 0.025 3/21/2031 USD 62.850
Aralco Finance SA 10.125 5/7/2020 USD 4.900
Barclays Bank PLC 0.980 4/16/2029 USD 58.518
Region of Abruzzo Italy 0.111 11/7/2036 EUR 60.073
Turkey Government Bond 10.500 8/11/2027 TRY 74.700
Veneto Banca SpA 6.411 EUR 1.196
Otkritie Holding JSC 11.560 7/27/2028 RUB 7.770
Stichting Afwikkeling Onde 6.625 5/14/2018 EUR 4.354
KPNQwest NV 8.125 6/1/2009 USD 0.090
Golden Gate AG 6.500 10/11/2014 EUR 39.100
Stichting Afwikkeling Onde 8.450 8/20/2018 USD 4.151
Deutsche Bank AG 1.725 1/16/2045 EUR 71.491
Pescanova SA 6.750 3/5/2015 EUR 1.446
Rostelecom PJSC 8.650 4/14/2027 RUB 80.000
Norske Skog Holding AS 8.000 2/24/2023 USD 2.423
Ahtium PLC 4.000 12/16/2015 EUR 1.500
Heta Asset Resolution AG 0.139 12/31/2023 EUR 34.625
Svensk Exportkredit AB 0.500 6/29/2029 AUD 64.002
Mriya Agro Holding PLC 9.450 4/19/2018 USD 8.074
OAS Investments GmbH 8.250 10/19/2019 USD 5.557
Svensk Exportkredit AB 0.500 8/29/2029 AUD 63.478
United Aircraft Corp PJSC 8.000 3/17/2020 RUB 61.900
Lehman Brothers Treasury C 7.000 5/17/2035 EUR 6.000
Lehman Brothers Treasury C 5.000 9/22/2014 EUR 6.000
Agrokor dd Via Aquarius + 4.921 8/8/2017 EUR 14.480
Barclays Bank PLC 0.248 10/30/2034 USD 58.207
New Look Secured Issuer PL 4.500 7/1/2022 EUR 49.500
Hamburgische Landesbank-Gi 0.052 10/30/2040 EUR 66.377
Municipality Finance PLC 0.500 6/19/2024 ZAR 58.512
New World Resources NV 8.000 4/7/2020 EUR 1.477
Stroika Finance Ltd Via Em 9.900 6/25/2019 RUB 11.600
Lehman Brothers Treasury C 5.100 5/8/2017 HKD 6.000
Wild Bunch AG 8.000 3/23/2019 EUR 45.000
Societe Generale SA 8.000 8/9/2022 USD 58.130
SUEK Finance OOO 10.500 10/23/2019 RUB 64.310
Rosbank PJSC 9.800 12/20/2026 RUB 81.410
Mox Telecom AG 7.250 11/2/2017 EUR 2.849
Finans-Avia OOO 9.000 7/31/2022 RUB 67.970
RENE LEZARD Mode GmbH 7.250 11/25/2017 EUR 1.191
Barclays Bank PLC 0.500 2/28/2034 USD 63.451
International Finance Faci 0.500 6/24/2024 ZAR 57.488
IDGC of Centre PJSC 6.950 3/28/2028 RUB 63.660
Agrokor dd 9.125 2/1/2020 EUR 24.080
Gebr Sanders GmbH & Co KG 8.750 10/22/2018 EUR 20.216
Svensk Exportkredit AB 0.500 3/15/2022 ZAR 72.325
Landesbank Hessen-Thuering 0.068 4/23/2041 EUR 68.074
Solon SE 1.375 12/6/2012 EUR 0.100
SiC Processing GmbH 7.125 3/1/2016 EUR 2.740
Petromena ASA 10.850 11/19/2018 USD 0.607
BNP Paribas SA 0.500 9/29/2029 AUD 66.129
Rio Forte Investments SA 4.000 7/22/2014 EUR 6.282
Deutsche Bank AG/London 0.500 4/5/2038 MXN 15.405
Kardan NV 6.325 7/24/2018 ILS 40.150
Kommunalbanken AS 0.500 5/27/2022 ZAR 72.175
A-TEC Industries AG 8.750 10/27/2014 EUR 0.357
Deutsche Agrar Holding Gmb 7.250 9/28/2018 EUR 1.415
3W Power SA 5.500 11/11/2020 EUR 1.000
ML 33 Invest AS 7.500 NOK 68.712
Kaupthing ehf 5.750 10/4/2011 USD 0.250
Banca del Monte di Lucca-S 2.429 6/29/2020 EUR 58.963
Lloyds Bank PLC 0.459 7/26/2033 USD 59.555
Barclays Bank PLC 1.601 3/27/2029 USD 57.500
Virgolino de Oliveira Fina 10.500 1/28/2018 USD 5.288
WPE International Cooperat 10.375 9/30/2020 USD 17.500
Minicentrales Dos SA 6.450 4/14/2028 EUR 65.750
Rosselkhozbank JSC 8.500 10/11/2022 RUB 72.020
Lehman Brothers Treasury C 5.000 2/16/2015 EUR 6.000
BOA Offshore AS 0.398 7/17/2047 NOK 10.000
Agrokor dd 9.875 5/1/2019 EUR 24.252
Cherkizovo Group PJSC 12.500 10/6/2020 RUB 81.260
Rosneft Oil Co PJSC 8.650 12/3/2020 RUB 62.010
OGX Austria GmbH 8.375 4/1/2022 USD 0.421
German Pellets GmbH 7.250 4/1/2016 EUR 1.018
Mifa Mitteldeutsche Fahrra 7.500 8/12/2018 EUR 2.260
Air Berlin Finance BV 8.500 3/6/2019 EUR 0.946
Gazprom PJSC 3.400 10/21/2043 RUB 65.020
Kamaz PJSC 11.240 7/18/2030 RUB 70.000
Delamare Finance PLC 1.952 2/19/2029 GBP 73.471
Bank Nederlandse Gemeenten 10.010 6/17/2025 TRY 73.791
Lehman Brothers Treasury C 1.600 6/21/2010 JPY 2.571
Afren PLC 11.500 2/1/2016 USD 0.082
Bank Nederlandse Gemeenten 0.500 6/7/2022 ZAR 70.798
Minicentrales Dos SA 4.810 11/29/2034 EUR 65.750
IKS 5 Finance OOO 10.900 3/9/2023 RUB 66.230
SAir Group 0.125 7/7/2005 CHF 13.150
getBACK SA 6.100 9/14/2021 PLN 5.500
AKB Peresvet ZAO 0.510 2/14/2032 RUB 22.750
Turkey Government Internat 4.875 4/16/2043 USD 74.960
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
Espirito Santo Financial G 5.050 11/15/2025 EUR 0.598
Societe Generale SA 0.146 9/30/2034 USD 60.375
Muehl Product & Service AG 6.750 3/10/2005 DEM 0.051
Otkritie Holding JSC 12.500 12/10/2026 RUB 7.560
Delta Credit Bank JSC 11.000 5/18/2026 RUB 64.110
Home Money LLC 20.000 10/23/2018 RUB 19.000
La Veggia Finance SPA 7.125 11/14/2004 EUR 0.285
RN Bank JSC 10.400 7/9/2021 RUB 62.120
Johnston Press Bond Plc 8.625 6/1/2019 GBP 69.979
Lehman Brothers Treasury C 8.250 12/3/2015 EUR 6.000
ECM Real Estate Investment 5.000 10/9/2011 EUR 15.375
Promsvyazbank OJSC Via PSB 10.200 11/6/2019 USD 14.442
Rena GmbH 7.000 12/15/2015 EUR 2.000
Vnesheconombank 8.240 12/15/2022 RUB 63.200
Northland Resources AB 4.000 10/15/2020 NOK 0.138
SUEK Finance OOO 12.500 8/19/2025 RUB 66.010
Lehman Brothers Treasury C 2.400 6/20/2011 JPY 2.571
Bank Otkritie Financial Co 10.000 4/26/2019 USD 18.531
Gazprombank OJSC Via GPB E 8.750 6/29/2024 RUB 51.365
Lehman Brothers Treasury C 8.250 3/16/2035 EUR 6.000
Bank Julius Baer & Co Ltd/ 12.100 12/27/2018 EUR 62.600
ADLER Real Estate AG 6.000 12/27/2018 EUR 14.001
Credit Agricole Corporate 2.400 5/17/2048 EUR 49.487
Grupo Isolux Corsan SA 3.000 12/30/2021 USD 1.822
Sberbank of Russia PJSC 0.010 5/16/2021 RUB 69.000
Veneto Banca SpA 6.944 5/15/2025 EUR 0.273
Barclays Bank PLC 0.500 4/24/2023 MXN 64.509
Lenta LLC 8.700 5/26/2020 RUB 100.520
Neftegazholding AO 0.010 7/21/2020 RUB 65.000
O1 Properties Finance ZAO 13.000 10/2/2020 RUB 85.000
Bulgaria Steel Finance BV 12.000 5/4/2013 EUR 0.169
VEB-Leasing OAO 8.710 9/1/2025 RUB 62.000
Minaya Capital AG 7.000 8/1/2018 EUR 38.400
Lehman Brothers Treasury C 10.000 5/22/2009 USD 2.571
Russian Railways JSC 3.400 4/29/2043 RUB 62.020
Lehman Brothers Treasury C 7.000 11/26/2013 EUR 6.000
Lloyds Bank PLC 0.116 4/25/2034 USD 54.000
Russian Railways JSC 3.500 2/28/2040 RUB 62.020
Fast Finance SA 10.500 1/15/2021 PLN 65.100
Marine Subsea AS 9.000 12/16/2019 USD 0.688
Activa Resources AG 0.500 11/15/2021 EUR 20.500
Svensk Exportkredit AB 0.500 1/31/2022 ZAR 73.384
Severo-Zapadnaya Koncessio 5.180 9/26/2031 RUB 60.110
AKB Peresvet ZAO 13.500 10/16/2020 RUB 20.000
Credit Bank of Moscow Via 8.875 USD 75.400
Barclays Bank PLC 0.220 12/23/2033 USD 63.250
Espirito Santo Financial P 5.125 5/30/2016 EUR 4.181
Federal Grid Co Unified En 3.400 3/23/2050 RUB 63.200
Rosneft Oil Co PJSC 8.350 11/24/2027 RUB 63.010
HSBC Trinkaus & Burkhardt 6.500 6/22/2018 EUR 64.390
Rosneft Oil Co PJSC 9.400 11/28/2024 RUB 100.400
OGK-2 PJSC 6.950 3/31/2023 RUB 62.020
Turkey Government Bond 9.000 7/24/2024 TRY 73.650
SUEK Finance OOO 12.500 8/19/2025 RUB 66.010
LBI HF 6.100 8/25/2011 USD 5.000
Municipality Finance PLC 0.500 7/30/2029 AUD 73.313
Societe Generale SA 10.000 7/30/2032 USD 74.420
Rosneft Oil Co PJSC 8.350 11/24/2027 RUB 63.010
Ideal Standard Internation 11.750 5/1/2018 EUR 0.740
Orient Express Bank PJSC 11.700 7/17/2018 RUB 95.000
SG Issuer SA 0.780 6/15/2020 SEK 48.480
Severo-Zapadnaya Koncessio 5.180 9/26/2031 RUB 65.010
Rossiysky Capital OJSC 7.750 1/20/2020 RUB 71.010
Oi Brasil Holdings Coopera 5.625 6/22/2021 EUR 6.984
Norske Skogindustrier ASA 7.125 10/15/2033 USD 4.226
Espirito Santo Financial G 5.050 11/15/2025 EUR 0.880
Vnesheconombank 9.760 12/17/2021 RUB 65.400
Tonon Luxembourg SA 9.250 1/24/2020 USD 4.882
Vimpel-Communications PJSC 1.000 10/3/2025 RUB 73.010
Deutsche Bank AG/London 0.500 10/5/2021 IDR 72.672
UmweltBank AG 2.850 EUR 72.642
Norske Skog Holding AS 8.000 2/24/2023 USD 2.423
Cooperatieve Rabobank UA 0.500 1/31/2033 MXN 25.901
Bank Nederlandse Gemeenten 0.500 8/9/2022 MXN 70.610
Societe Generale SA 0.018 12/31/2034 USD 60.375
Otkritie Holding JSC 12.700 9/30/2027 RUB 16.160
Lehman Brothers Treasury C 5.000 2/27/2014 EUR 6.000
Heta Asset Resolution AG 0.219 12/31/2023 EUR 34.625
Veneto Banca SpA 6.950 2/25/2025 EUR 0.228
getBACK SA 5.700 2/16/2021 PLN 36.000
New World Resources NV 4.000 10/7/2020 EUR 0.151
Mriya Agro Holding PLC 10.950 3/30/2016 USD 7.340
Oberbank Hybrid 1 GmbH 0.872 EUR 43.509
Bibby Offshore Services PL 7.500 6/15/2021 GBP 14.766
Grupo Isolux Corsan SA 0.250 12/30/2018 EUR 0.450
O1 Group Finance 9.750 5/13/2027 RUB 1.110
UkrLandFarming PLC 10.875 3/26/2018 USD 20.185
Lloyds Bank PLC 0.500 7/26/2028 MXN 37.283
Bilt Paper BV 9.640 USD 22.348
International Bank of Azer 8.250 10/9/2024 USD 64.706
BNP Paribas SA 13.000 8/24/2027 USD 74.500
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
Atari SA 0.100 4/1/2020 EUR 6.050
RESO-Garantia Insurance PJ 11.750 3/24/2023 RUB 75.000
Societe Generale SA 0.459 10/31/2033 USD 69.200
Lehman Brothers Treasury C 6.000 3/14/2011 EUR 6.000
Rosneft Oil Co PJSC 7.850 12/3/2020 RUB 62.010
Russian Railways JSC 3.500 2/28/2040 RUB 62.030
Royalbeach Spielwaren Und 7.375 11/10/2020 EUR 1.100
Norske Skogindustrier ASA 7.000 12/30/2026 EUR 1.000
HSBC Trinkaus & Burkhardt 10.070 6/22/2018 EUR 64.170
Plaza Centers NV 6.000 7/1/2020 ILS 65.000
Lehman Brothers Treasury C 5.000 5/2/2022 EUR 2.571
Gazprombank JSC 7.380 2/19/2021 RUB 70.010
Rosneft Oil Co PJSC 11.900 11/28/2024 RUB 100.400
Rosselkhozbank JSC 8.600 12/13/2024 RUB 64.490
Banco Santander SA 2.000 USD 64.345
Northland Resources AB 15.000 7/15/2019 USD 2.621
Virgolino de Oliveira Fina 10.875 1/13/2020 USD 26.032
Sistema PJSFC 10.900 10/31/2025 RUB 64.430
getBACK SA 5.700 4/30/2021 PLN 28.000
Bank Julius Baer & Co Ltd/ 10.500 11/30/2018 USD 62.650
Lehman Brothers Treasury C 6.000 9/20/2011 EUR 2.571
Russian Post FGUP 9.350 10/18/2019 RUB 73.010
Leonteq Securities AG 16.500 10/16/2018 CHF 47.230
Russian Regional Developme 7.800 7/30/2021 RUB 100.700
Societe Generale SA 10.000 6/30/2032 USD 67.625
Gazprom PJSC 3.400 10/21/2043 RUB 65.020
Barclays Bank PLC 1.415 9/27/2028 USD 63.500
Solarwatt GmbH 7.000 11/1/2015 EUR 15.500
OOO SPV Structural Investm 0.010 9/1/2023 RUB 72.973
KPNQwest NV 7.125 6/1/2009 EUR 0.090
Barclays Bank PLC 1.164 11/28/2029 USD 56.980
Lehman Brothers Treasury C 5.000 9/1/2011 EUR 2.571
Lehman Brothers Treasury C 7.600 5/21/2013 USD 2.571
Federal Grid Co Unified En 3.400 9/7/2048 RUB 63.200
ING Bank Eurasia JSC 7.150 3/30/2021 RUB 75.730
Sparebank 1 Ostfold Akersh 2.590 4/25/2028 NOK 73.762
Sberbank of Russia PJSC 12.270 1/2/2026 RUB 62.020
Salvator Grundbesitz-AG 9.500 12/31/2021 EUR 7.800
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
Lehman Brothers Treasury C 5.000 3/18/2015 EUR 6.000
Laurel GmbH 7.125 11/16/2017 EUR 5.250
Svensk Exportkredit AB 0.500 2/22/2022 ZAR 72.688
Bank Nederlandse Gemeenten 0.500 7/12/2022 ZAR 71.317
Otkritie Holding JSC 12.620 4/25/2028 RUB 8.880
HPI AG 3.500 EUR 1.150
Bayerische Landesbank 2.900 6/22/2018 EUR 46.330
Russian Railways JSC 3.200 9/20/2039 RUB 62.020
Investpro OOO 13.000 12/31/2018 RUB 0.700
Russian Railways JSC 8.650 2/4/2032 RUB 65.070
Lehman Brothers Treasury C 8.000 4/20/2009 EUR 2.571
Banca Popolare di Vicenza 9.500 10/2/2025 EUR 0.463
Lehman Brothers Treasury C 1.000 5/9/2012 EUR 2.571
Kaupthing ehf 7.625 2/28/2015 USD 0.250
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
Deutsche Bank AG/London 13.750 6/20/2026 TRY 66.993
getBACK SA 6.000 9/16/2018 PLN 5.500
Russian Railways JSC 3.200 8/18/2033 RUB 65.020
SAir Group 5.500 7/23/2003 CHF 13.092
Astana Finance BV 7.875 6/8/2010 EUR 16.000
Atomenergoprom JSC 11.100 12/12/2025 RUB 71.010
BKS Hybrid alpha GmbH 7.350 EUR 58.157
Societe Generale SA 0.212 3/31/2034 USD 65.137
Autonomous Region of Yamal 7.000 12/25/2024 RUB 80.740
UBS AG/London 7.000 9/26/2019 EUR 70.740
Rosneft Oil Co PJSC 8.500 7/14/2027 RUB 63.010
getBACK SA 5.550 9/21/2018 PLN 15.000
DekaBank Deutsche Girozent 0.010 6/29/2046 EUR 55.670
Federal Grid Co Unified En 3.400 6/30/2048 RUB 63.220
Svensk Exportkredit AB 0.500 6/28/2022 ZAR 70.317
Municipality Finance PLC 0.500 4/26/2022 ZAR 71.525
Lenta LLC 12.400 8/28/2025 RUB 81.260
Bank ZENIT PJSC 8.000 3/27/2025 RUB 80.430
Centrosolar Group AG 7.000 2/15/2016 EUR 0.805
Cooperatieve Rabobank UA 0.500 10/29/2027 MXN 44.115
Sidetur Finance BV 10.000 4/20/2016 USD 5.251
DOM RF Russia Housing and 7.600 12/13/2027 RUB 100.400
Elli Investments Ltd 12.250 6/15/2020 GBP 50.000
UniCredit Bank AO 12.000 11/20/2019 RUB 60.220
State Transport Leasing Co 9.000 11/24/2031 RUB 79.920
Credit Europe Bank Ltd 10.000 9/14/2018 RUB 103.000
German Pellets GmbH 8.000 EUR 0.010
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
Siberian Gostinecs PAO 16.500 6/26/2019 RUB 33.010
Federal Grid Co Unified En 0.100 10/16/2020 RUB 70.070
DOM RF Russia Housing and 6.750 3/24/2028 RUB 63.300
Svensk Exportkredit AB 0.500 8/28/2020 TRY 68.143
Avangard-Agro OOO 9.250 11/16/2027 RUB 67.050
Grupo Isolux Corsan SA 0.250 12/30/2021 USD 0.191
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 3.224
Rio Forte Investments SA 4.750 11/10/2015 EUR 6.250
International Finance Faci 0.500 6/29/2027 ZAR 40.679
UBS AG/London 8.500 1/6/2020 EUR 68.750
Araratbank OJSC 7.250 6/27/2018 USD 25.443
Lehman Brothers Treasury C 4.600 10/11/2017 ILS 6.000
AKB Peresvet ZAO 13.250 4/25/2018 RUB 22.750
Cerruti Finance SA 6.500 7/26/2004 EUR 1.130
Virgolino de Oliveira Fina 11.750 2/9/2022 USD 5.097
Rusfinans Bank OOO 9.900 7/18/2018 RUB 70.000
RusHydro PJSC 0.100 2/2/2023 RUB 60.810
Baltic Leasing OOO 9.800 6/19/2020 RUB 62.370
LBI HF 7.431 USD 0.001
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
Plaza Centers NV 6.900 7/1/2020 ILS 70.500
VTB Bank PJSC 9.000 9/18/2046 RUB 62.010
getBACK SA 5.780 3/17/2019 PLN 20.000
Federal Grid Co Unified En 3.400 10/30/2048 RUB 63.220
Lehman Brothers Treasury C 11.000 12/19/2011 USD 2.571
Lehman Brothers Treasury C 5.500 4/23/2014 EUR 2.571
Volga Capital PAO 12.000 6/27/2022 RUB 61.020
Leonteq Securities AG/Guer 10.650 9/6/2018 EUR 74.570
VEB-Leasing OAO 8.710 2/18/2025 RUB 97.010
Russian Railways JSC 3.400 6/8/2028 RUB 90.010
Otkritie Holding JSC 11.500 5/26/2032 RUB 30.580
Societe Generale SA 0.909 6/30/2035 USD 60.375
HSBC Bank PLC 0.500 12/29/2026 AUD 71.954
Lehman Brothers Treasury C 6.000 2/14/2012 EUR 2.571
UBS AG/London 11.250 7/1/2019 EUR 69.050
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
getBACK SA 5.770 11/27/2019 PLN 12.500
Kardan NV 6.775 2/2/2020 ILS 55.890
Russian Railways JSC 3.500 10/15/2040 RUB 62.050
Otkritie Holding JSC 11.500 7/22/2030 RUB 12.125
Russian Railways JSC 9.700 5/22/2046 RUB 62.030
KB MIA AO 8.250 3/7/2025 RUB 100.330
Lehman Brothers Treasury C 10.000 6/11/2038 JPY 2.571
Bank Nederlandse Gemeenten 0.500 9/20/2022 ZAR 70.224
Cooperatieve Rabobank UA 0.500 12/29/2027 MXN 42.016
Avangard-Agro OOO 9.500 9/23/2027 RUB 63.160
Credit Agricole Corporate 0.500 3/6/2023 RUB 72.278
Landesbank Baden-Wuerttemb 5.400 10/26/2018 EUR 55.840
Societe Generale SA 1.424 3/17/2032 USD 63.600
Federal Grid Co Unified En 3.400 3/23/2050 RUB 63.200
UniCredit Bank AG 4.300 10/17/2018 EUR 35.710
Russian Railways JSC 3.400 11/29/2028 RUB 65.020
Krakowski Bank Spoldzielcz 5.080 9/20/2023 PLN 57.010
Metalloinvest Holding Co O 11.900 2/12/2026 RUB 72.010
Heta Asset Resolution AG 0.432 12/31/2023 EUR 34.625
HSBC Bank PLC 0.500 12/22/2025 BRL 44.663
Zurcher Kantonalbank Finan 8.212 8/23/2018 EUR 55.360
DekaBank Deutsche Girozent 6.230 8/1/2018 EUR 68.330
SPORTTOTAL AG 6.000 3/17/2019 EUR 4.000
Rosneft Oil Co PJSC 9.400 11/28/2024 RUB 100.400
Cooperatieve Rabobank UA 0.500 8/21/2028 MXN 39.500
Freight One JSC 12.000 10/15/2025 RUB 106.850
Municipality Finance PLC 0.500 5/8/2029 AUD 68.975
Commerzbank AG 7.000 6/22/2018 EUR 58.660
Russian Railways JSC 6.400 5/30/2040 RUB 62.030
Sberbank of Russia PJSC 0.010 6/27/2021 RUB 62.470
Lehman Brothers Treasury C 4.000 7/20/2012 EUR 2.571
Metalloinvest Holding Co O 0.010 3/7/2022 RUB 65.000
Barclays Bank PLC 0.644 12/27/2028 USD 64.530
Bank Intesa AO 9.750 10/10/2019 RUB 67.010
Vimpel-Communications PJSC 1.000 10/3/2025 RUB 62.010
Lehman Brothers Treasury C 5.250 4/1/2023 EUR 2.571
Lehman Brothers Treasury C 11.000 6/29/2009 EUR 2.571
Kaupthing ehf 5.000 1/4/2027 SKK 0.250
Turkey Government Bond 8.500 9/14/2022 TRY 75.200
Banco Espirito Santo SA 10.000 12/6/2021 EUR 0.213
Lehman Brothers Treasury C 2.875 3/14/2013 CHF 6.000
Lehman Brothers Treasury C 14.900 9/15/2008 EUR 2.571
Miratorg-Finans OOO 11.000 8/24/2021 RUB 100.000
Vnesheconombank 11.600 2/17/2025 RUB 100.000
Natwest Markets PLC 6.200 9/7/2018 GBP 1.010
Federal Grid Co Unified En 0.100 10/16/2020 RUB 63.030
Otkritie Holding JSC 12.140 10/3/2036 RUB 12.125
Otkritie Holding JSC 11.500 8/5/2025 RUB 8.600
Barclays Bank PLC 0.980 7/22/2024 USD 75.000
Cooperatieve Rabobank UA 0.500 11/30/2027 MXN 42.663
Rio Forte Investments SA 3.900 7/10/2014 USD 6.250
Lehman Brothers Treasury C 5.220 3/1/2024 EUR 2.571
4FINANS MFK OOO 15.000 3/24/2023 RUB 62.310
PSN Pm OOO 12.000 8/31/2027 RUB 1.800
United Engine Corp JSC 8.800 4/17/2023 RUB 75.010
GPB Aerofinans OOO 9.670 3/15/2030 RUB 80.110
Lehman Brothers Treasury C 6.300 12/21/2018 USD 2.571
Societe Generale SA 0.500 5/30/2023 MXN 65.006
Lehman Brothers Treasury C 8.250 2/3/2016 EUR 2.571
Reso-Leasing OOO 9.250 9/21/2023 RUB 63.010
Heta Asset Resolution AG 4.350 12/31/2023 EUR 34.625
Astana Finance BV 9.000 11/16/2011 USD 16.000
Svensk Exportkredit AB 0.500 3/28/2029 AUD 73.207
Lehman Brothers Treasury C 5.550 3/12/2015 EUR 2.571
Raiffeisen Switzerland BV 10.000 2/11/2019 CHF 69.340
Leonteq Securities AG/Guer 11.000 12/12/2018 CHF 62.920
Deutsche Bank AG 5.200 12/27/2018 EUR 70.000
Leonteq Securities AG/Guer 10.000 9/5/2018 EUR 74.750
VTB Bank PJSC 9.000 12/6/2044 RUB 62.010
Federal Grid Co Unified En 3.400 4/27/2048 RUB 65.000
Podkarpacki Bank Spoldziel 5.780 10/24/2024 PLN 50.000
Federal Grid Co Unified En 3.400 6/30/2048 RUB 63.220
Leonteq Securities AG 3.000 9/19/2019 CHF 61.720
KPNQwest NV 8.875 2/1/2008 EUR 0.090
RusHydro PJSC 9.500 4/12/2021 RUB 65.210
Reso-Leasing OOO 8.900 10/3/2025 RUB 65.010
Escher Marwick PLC 3.500 10/14/2031 USD 57.882
Northland Resources AB 12.250 3/26/2016 USD 2.621
Delta Credit Bank JSC 5.000 10/30/2025 RUB 71.000
Russian Railways JSC 11.200 10/16/2025 RUB 67.010
Natwest Markets PLC 0.296 8/18/2031 USD 60.246
Privatbank CJSC Via UK SPV 10.875 2/28/2018 USD 24.848
Kaupthing ehf 9.000 USD 0.122
Svensk Exportkredit AB 0.500 6/20/2029 AUD 72.785
Lehman Brothers Treasury C 1.280 11/6/2010 JPY 6.000
Bayerische Landesbank 5.000 8/17/2018 EUR 71.970
getBACK SA 5.900 12/30/2020 PLN 35.000
Credit Suisse AG/Nassau 10.000 10/29/2018 CHF 62.680
Russian Railways JSC 3.400 5/20/2044 RUB 90.010
Podkarpacki Bank Spoldziel 5.780 3/31/2025 PLN 40.000
SAir Group 5.125 3/1/2003 CHF 13.000
Main Road JSC 4.000 10/30/2029 RUB 60.860
Volga Sport ZAO 6.400 2/29/2024 RUB 65.000
Lehman Brothers Treasury C 7.600 1/31/2013 AUD 2.571
UniCredit Bank AO 9.000 8/6/2019 RUB 91.010
IT Holding Finance SA 9.875 11/15/2012 EUR 0.103
Western High-Speed Diamete 10.440 5/13/2031 RUB 101.000
Lehman Brothers Treasury C 0.500 8/1/2020 EUR 2.571
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 0.380
Finconsult OOO 8.000 2/1/2028 RUB 63.000
Anglian Water Services Fin 0.929 1/26/2057 GBP 74.948
Lehman Brothers Treasury C 6.000 3/18/2015 USD 6.000
Transneft PJSC 8.750 4/14/2027 RUB 60.320
Credit Suisse AG/London 9.000 3/19/2021 USD 9.650
Societe Generale SA 8.000 5/28/2027 USD 49.600
Driver & Bengsch AG 8.500 12/31/2027 EUR 0.001
Finans-Avia OOO 0.010 7/31/2027 RUB 16.020
VTB Bank PJSC 3.000 12/6/2044 RUB 62.010
Federal Grid Co Unified En 3.400 4/27/2048 RUB 63.250
Podkarpacki Bank Spoldziel 5.080 5/28/2023 PLN 45.100
VEB-Leasing OAO 8.650 1/16/2024 RUB 65.010
Russian Railways JSC 2.400 10/11/2038 RUB 62.020
Societe Generale SA 0.284 11/26/2034 USD 60.375
Windreich GmbH 6.750 3/1/2015 EUR 13.125
Region Invest OOO 9.530 1/12/2021 RUB 0.280
Reso-Leasing OOO 12.600 10/2/2026 RUB 85.000
Petromena ASA 9.750 5/24/2016 NOK 0.607
Rusfinans Bank OOO 9.950 8/22/2019 RUB 63.990
Turkey Government Bond 8.000 3/12/2025 TRY 65.700
Norske Skogindustrier ASA 2.000 12/30/2115 EUR 1.113
HSBC Bank PLC 0.500 11/25/2025 BRL 45.047
LBI HF 5.080 3/1/2013 ISK 8.375
AKB Metallinvestbank PAO 8.500 5/21/2020 RUB 80.430
Lehman Brothers Treasury C 8.000 3/19/2012 USD 2.571
getBACK SA 6.000 10/2/2018 PLN 50.000
Vontobel Financial Product 10.000 7/10/2018 EUR 63.420
National Developing Co PAO 12.000 7/19/2018 RUB 1.500
Federal Grid Co Unified En 3.400 10/30/2048 RUB 63.220
getBACK SA 5.840 2/28/2019 PLN 15.000
Salvator Grundbesitz-AG 9.500 EUR 18.500
Russian Railways JSC 3.200 9/19/2033 RUB 62.020
Bayerische Landesbank 2.400 7/20/2018 EUR 47.300
Lehman Brothers Treasury C 3.500 12/20/2027 USD 2.571
Heta Asset Resolution AG 5.920 12/31/2023 EUR 34.625
Communaute Francaise de Be 0.500 6/27/2046 EUR 67.346
IDGC of Centre PJSC 11.580 11/11/2025 RUB 70.020
Rusfinans Bank OOO 8.050 6/30/2020 RUB 61.930
LBI HF 2.250 2/14/2011 CHF 8.375
Societe Generale SA 1.139 1/31/2034 USD 60.375
Region Invest OOO 10.360 7/19/2022 RUB 0.170
Barclays Bank PLC 1.044 5/14/2029 USD 57.500
Bashneft PJSC 12.000 5/9/2025 RUB 62.040
Lehman Brothers Treasury C 8.000 10/17/2014 EUR 2.571
Zurcher Kantonalbank Finan 8.400 9/28/2018 CHF 63.150
Credit Suisse AG/London 9.100 6/23/2020 USD 9.996
UBS AG/London 5.500 9/13/2018 CHF 55.100
Two Capitals Highway OOO 13.250 6/19/2030 RUB 64.630
SG Issuer SA 6.800 1/6/2020 USD 70.510
getBACK SA 5.750 9/18/2019 PLN 15.000
Russian Railways JSC 3.400 5/29/2035 RUB 62.020
Norddeutsche Landesbank Gi 3.000 10/30/2018 EUR 35.570
City of Predeal Romania 3.500 5/15/2026 RON 60.000
Bayerische Landesbank 3.000 12/21/2018 EUR 72.840
Leonteq Securities AG 8.200 10/17/2018 USD 48.150
Gold-Zack AG 7.000 12/14/2005 EUR 12.700
Nutritek International Cor 8.750 12/11/2008 USD 2.000
SAir Group 4.250 2/2/2007 CHF 13.125
Lehman Brothers Treasury C 11.000 12/20/2017 AUD 2.571
PIK Group PJSC 7.750 3/24/2028 RUB 62.010
Lehman Brothers Treasury C 10.000 10/23/2008 USD 2.571
BELLAGIO Holding GmbH 1.914 EUR 50.320
Lehman Brothers Treasury C 6.650 8/24/2011 AUD 6.000
SAir Group 2.125 11/4/2004 CHF 13.125
Hellas Telecommunications 8.500 10/15/2013 EUR 1.048
Lehman Brothers Treasury C 4.000 2/28/2010 EUR 2.571
Malahit AO 15.000 7/14/2025 RUB 0.010
Avangard Bank PJSC 7.250 2/20/2026 RUB 62.030
Credit Suisse AG 0.500 12/16/2025 BRL 47.277
Whale Finance LLC 8.750 3/13/2019 RUB 54.010
Lehman Brothers Treasury C 15.000 3/30/2011 EUR 2.571
TransFin-M PAO 10.500 9/17/2019 RUB 63.000
Lehman Brothers Treasury C 0.500 7/2/2020 EUR 2.571
Credit Suisse AG/London 9.000 10/30/2020 USD 9.842
Credit Suisse AG/Nassau 9.500 8/17/2018 CHF 55.100
Leonteq Securities AG 16.000 4/9/2019 CHF 57.850
IDGC of the South PJSC 9.240 7/1/2022 RUB 65.010
Finca Uco Cjsc 7.500 2/22/2019 USD 25.844
VTB Bank PJSC 9.000 9/15/2044 RUB 62.010
UniCredit Bank AG 5.400 11/29/2019 USD 48.270
Leonteq Securities AG 7.000 10/23/2018 CHF 66.450
Podkarpacki Bank Spoldziel 4.980 10/6/2021 PLN 50.000
VTB Bank PJSC 3.000 11/26/2043 RUB 65.000
UniCredit Bank AG 15.000 6/22/2018 EUR 69.140
Credit Suisse AG/London 8.000 11/29/2019 USD 7.550
Stroytemp CJSC 9.000 11/13/2019 RUB 1.000
Promnefteservis OOO 10.500 11/21/2019 RUB 1.550
Landesbank Baden-Wuerttemb 3.850 6/22/2018 EUR 72.780
Region Kapital OOO 9.250 7/10/2018 RUB 65.000
Lehman Brothers Treasury C 6.000 10/30/2012 EUR 2.571
Russian Railways JSC 10.300 4/3/2026 RUB 65.020
AKB Peresvet ZAO 0.510 6/23/2021 RUB 20.010
RGS Nedvizhimost OOO 12.500 1/19/2021 RUB 0.335
Transports publics fribour 0.471 7/29/2051 CHF 73.063
Rossiysky Capital OJSC 13.000 11/22/2019 RUB 61.310
MIK OAO 15.000 2/19/2020 RUB 1.250
Turkey Government Bond 11.000 2/24/2027 TRY 76.650
RGS Nedvizhimost OOO 12.500 7/22/2021 RUB 0.335
Upravlenie Otkhodami ZAO 10.500 10/9/2030 RUB 100.000
Lehman Brothers Treasury C 2.500 12/15/2011 GBP 2.571
Archer Finance OOO 9.250 3/29/2022 RUB 60.100
Heta Asset Resolution AG 5.270 12/31/2023 EUR 34.625
Commerzbank AG 4.500 12/29/2022 USD #N/A N/A
Baltic Leasing OOO 9.800 6/19/2020 RUB 62.150
Province of Brescia Italy 0.032 6/30/2036 EUR 61.820
Kommunalbanken AS 4.800 12/1/2022 TRY 60.869
LBI HF 7.431 USD 0.001
Hypo Vorarlberg Bank AG 5.870 EUR 40.688
Societe Generale SA 15.720 1/27/2020 USD 54.419
Credit Suisse AG/Nassau 11.050 2/11/2019 CHF 68.700
UBS AG/London 8.250 7/4/2019 EUR 69.950
Commerzbank AG 10.250 8/24/2018 EUR 72.630
UBS AG/London 8.000 7/26/2018 CHF 59.150
Vontobel Financial Product 9.500 9/28/2018 EUR 54.890
getBACK SA 6.200 9/16/2019 PLN 70.000
Beluga Group PJSC 12.900 4/29/2020 RUB 67.260
Rosselkhozbank JSC 8.850 7/15/2025 RUB 62.540
Credit Suisse AG/London 7.550 11/9/2018 USD 69.100
Rosselkhozbank JSC 12.870 12/22/2021 RUB 68.120
VTB Bank PJSC 3.000 9/1/2044 RUB 65.000
VTB Bank PJSC 3.000 9/18/2046 RUB 65.000
Raiffeisen Centrobank AG 5.656 3/19/2019 EUR 66.590
Municipality Finance PLC 0.500 5/31/2022 ZAR 70.790
Lehman Brothers Treasury C 6.250 11/30/2012 EUR 2.571
Heta Asset Resolution AG 5.730 12/31/2023 EUR 34.625
AKB Peresvet ZAO 12.750 7/24/2018 RUB 21.010
VEB-Leasing OAO 7.270 4/2/2021 RUB 97.550
Lehman Brothers Treasury C 11.000 12/20/2017 AUD 2.571
RusHydro PJSC 0.100 2/2/2023 RUB 70.000
Bulgaria Steel Finance BV 12.000 5/4/2013 EUR 0.169
Lehman Brothers Treasury C 7.250 6/20/2010 USD 2.571
Lehman Brothers Treasury C 3.025 1/31/2015 EUR 2.571
Kreditanstalt fuer Wiedera 0.250 10/6/2036 CAD 42.663
Kommunalbanken AS 5.000 9/8/2022 TRY 66.063
Baltic Leasing OOO 12.950 2/12/2021 RUB 65.730
Societe Generale SA 1.664 8/29/2034 USD 60.375
Rosbank PJSC 7.850 12/2/2022 RUB 61.700
Center-Invest Commercial B 10.500 7/20/2018 RUB 63.000
Societe Generale SA 0.500 4/4/2024 MXN 60.107
Kaupthing ehf 6.125 10/4/2016 USD 0.250
AKB Peresvet ZAO 0.510 8/4/2034 RUB 22.110
Lehman Brothers Treasury C 5.000 5/12/2011 CHF 2.571
Municipality Finance PLC 4.300 10/31/2022 TRY 73.282
Center-Invest Commercial B 8.400 8/17/2018 RUB 61.010
Vnesheconombank 8.350 11/24/2020 RUB 66.220
Lehman Brothers Treasury C 8.000 2/16/2016 EUR 2.571
getBACK SA 6.000 12/14/2018 PLN 15.000
getBACK SA 5.970 12/19/2018 PLN 15.000
EFG International Finance 10.400 11/15/2018 EUR 69.130
Leonteq Securities AG/Guer 15.200 11/28/2018 USD 72.180
Leonteq Securities AG 10.000 7/27/2018 EUR 64.320
Federal Grid Co Unified En 9.350 10/17/2051 RUB 65.000
UBS AG/London 8.000 7/19/2018 EUR 72.400
Rosneft Oil Co PJSC 7.350 1/18/2021 RUB 60.010
EFG International Finance 6.210 7/22/2019 EUR 48.740
getBACK SA 5.600 6/24/2019 PLN 10.000
Credit Suisse AG 7.000 11/30/2018 USD 10.010
EFG International Finance 9.600 10/15/2019 EUR 15.850
Kontsessii Vodosnabzheniya 10.250 3/17/2031 RUB 65.000
Bayerische Landesbank 2.700 7/6/2018 EUR 42.150
Podkarpacki Bank Spoldziel 5.810 7/2/2020 PLN 50.000
Agrokompleks OOO 0.100 7/29/2019 RUB 2.550
Lehman Brothers Treasury C 6.000 3/4/2015 USD 2.571
Lehman Brothers Treasury C 7.000 2/15/2010 CHF 2.571
Lehman Brothers Treasury C 13.000 2/16/2009 CHF 2.571
PSN Pm OOO 13.000 9/10/2026 RUB 24.000
Lehman Brothers Holdings P 3.030 3/24/2009 JPY 2.756
Barclays Bank PLC 0.500 3/13/2023 RUB 72.026
HSBC Bank PLC 0.500 6/9/2023 MXN 64.861
Lehman Brothers Treasury C 4.050 9/16/2008 EUR 2.571
Northland Resources AB 15.000 7/15/2019 USD 2.621
Region Invest OOO 7.350 5/4/2021 RUB 0.180
Barclays Bank PLC 0.500 1/28/2033 MXN 25.572
TransFin-M PAO 10.500 4/11/2019 RUB 65.000
Lehman Brothers Treasury C 10.442 11/22/2008 CHF 2.571
Otkritie Holding JSC 10.000 4/20/2028 RUB 7.300
SAir Group 2.750 7/30/2004 CHF 13.125
Credit Suisse AG/Nassau 8.000 8/24/2018 CHF 63.850
HSBC Trinkaus & Burkhardt 12.000 6/22/2018 EUR 64.810
UBS AG/London 5.500 11/1/2018 USD 60.500
Deutsche Bank AG/London 7.000 10/15/2018 USD 9.270
UBS AG/London 6.250 11/5/2018 CHF 70.900
Landesbank Baden-Wuerttemb 6.500 8/24/2018 EUR 67.770
Credit Suisse AG/London 10.500 4/9/2021 USD 10.320
HSBC Trinkaus & Burkhardt 7.000 6/22/2018 EUR 72.560
EFG International Finance 12.200 8/2/2018 EUR 62.720
Araratbank OJSC 6.500 10/29/2019 USD 25.721
Samolet Group 12.000 5/17/2022 RUB 62.950
Commerzbank AG 30.000 6/30/2020 USD 0.580
Leonteq Securities AG 8.400 9/6/2018 USD 43.060
getBACK SA 5.710 10/22/2019 PLN 15.000
Bank Julius Baer & Co Ltd/ 8.350 9/24/2018 USD 55.050
National Developing Co PAO 16.000 4/15/2021 RUB 1.000
Penell GmbH Elektrogrossha 7.750 6/10/2019 EUR 3.550
TGC-1 PJSC 4.000 2/14/2022 RUB 100.000
UniCredit Bank AG 4.000 6/26/2018 EUR 32.420
UniCredit Bank AG 4.400 9/19/2018 EUR 35.850
Agrokompleks OOO 0.100 12/8/2022 RUB 2.950
Praim Finans OOO 9.340 7/13/2021 RUB 5.000
Volga Sport ZAO 5.150 4/4/2022 RUB 60.220
Noyabrskaya Pge OOO 8.500 11/10/2020 RUB 60.000
Deutsche Bank AG 4.200 12/24/2018 EUR 73.180
Societe Generale SA 0.795 12/28/2029 USD 69.100
EFG International Finance 5.300 6/24/2019 EUR 49.330
RGS Nedvizhimost OOO 12.000 10/18/2017 RUB 0.335
KPNQwest NV 8.875 2/1/2008 EUR 0.090
Lehman Brothers Treasury C 6.000 10/30/2012 USD 2.571
Bashneft PJSC 12.000 5/19/2025 RUB 62.050
Lehman Brothers Treasury C 13.500 11/28/2008 USD 2.571
Region Invest OOO 10.500 9/12/2019 RUB 0.240
National Capital JSC 9.250 4/22/2019 RUB 100.000
Pioneer Group CJSC 0.010 6/3/2021 RUB 70.010
Metalloinvest Holding Co O 0.010 3/10/2022 RUB 53.510
Metalloinvest Holding Co O 0.010 3/7/2022 RUB 63.000
Upravlenie Otkhodami ZAO 4.000 4/29/2027 RUB 68.250
KPNQwest NV 7.125 6/1/2009 EUR 0.090
Municipality Finance PLC 0.250 6/28/2040 CAD 33.255
National Capital JSC 9.500 7/25/2018 RUB 100.000
Banca Adriatica Spa 7.200 6/30/2018 EUR 1.237
KIT Finance Capital OOO 12.000 12/21/2020 RUB 99.800
HSBC Bank PLC 0.500 6/23/2027 MXN 43.929
RESO-Garantia Insurance PJ 0.020 9/13/2022 RUB 65.010
Oberbank AG 7.400 EUR 68.738
SAir Group 6.250 4/12/2005 CHF 13.125
Lehman Brothers Treasury C 3.860 9/21/2011 SGD 6.000
Bashneft PJSC 10.900 4/29/2026 RUB 93.010
RGS Nedvizhimost OOO 12.500 2/25/2021 RUB 0.335
Credito Padano Banca di Cr 3.100 EUR 36.477
Investpro OOO 12.750 9/6/2018 RUB 1.100
Horus Finance ZAO 13.000 3/6/2019 RUB 65.000
BNP Paribas SA 0.500 11/16/2032 MXN 25.287
Credit Suisse AG/London 0.500 1/8/2026 BRL 46.093
Heta Asset Resolution AG 7.500 12/31/2023 ATS 34.625
Bashneft PJSC 10.500 5/12/2026 RUB 62.020
Bashneft PJSC 12.100 6/3/2025 RUB 98.000
Heta Asset Resolution AG 4.875 12/31/2023 EUR 34.625
Espirito Santo Financial P 5.625 7/28/2017 EUR 3.947
Kaupthing ehf 9.750 9/10/2015 USD 0.250
Lehman Brothers Treasury C 10.000 1/3/2012 BRL 2.571
ECM Real Estate Investment 5.000 10/9/2011 EUR 15.375
Bashneft PJSC 10.700 5/13/2024 RUB 98.010
Region Invest OOO 7.350 4/15/2021 RUB 0.400
Lehman Brothers Treasury C 23.300 9/16/2008 USD 2.571
Lehman Brothers Treasury C 11.000 7/4/2011 CHF 2.571
Region Invest OOO 7.350 4/19/2021 RUB 0.140
SG Issuer SA 0.100 6/11/2029 NZD 61.918
Digital Invest OOO 7.350 4/8/2021 RUB 0.140
Region Invest OOO 7.350 4/20/2021 RUB 0.400
Lehman Brothers Treasury C 8.000 5/22/2009 USD 2.571
RGS Nedvizhimost OOO 12.000 6/21/2021 RUB 0.335
TransFin-M PAO 10.500 11/11/2024 RUB 63.000
EFG International Finance 11.800 10/18/2018 EUR 71.290
HSBC Trinkaus & Burkhardt 9.900 6/22/2018 EUR 74.960
getBACK SA 5.730 9/22/2018 PLN 20.000
Kontsessii Vodosnabzheniya 11.250 11/30/2030 RUB 65.000
VTB Bank PJSC 3.000 8/14/2043 RUB 65.000
EFG International Finance 11.000 7/19/2018 EUR 62.820
VTB Bank PJSC 3.000 9/15/2044 RUB 65.000
Bayerische Landesbank 2.600 11/16/2018 EUR 53.200
Bayerische Landesbank 3.000 10/5/2018 EUR 50.480
Kontsessii Vodosnabzheniya 10.250 6/7/2031 RUB 63.000
Expobank LLC 12.500 7/12/2019 RUB 80.000
EFG International Finance 7.190 5/6/2019 EUR 5.990
Bayerische Landesbank 3.200 7/27/2018 EUR 43.310
Kontsessii Vodosnabzheniya 11.000 8/10/2031 RUB 62.180
HSBC Bank PLC 0.500 4/27/2027 NZD 73.502
HSBC Bank PLC 0.500 4/11/2023 MXN 65.800
Lehman Brothers Treasury C 3.000 9/12/2036 JPY 6.000
Otkritie Holding JSC 11.500 7/23/2029 RUB 12.125
Otkritie Holding JSC 11.500 7/23/2029 RUB 12.125
Lehman Brothers Treasury C 0.500 12/20/2017 AUD 2.571
Lehman Brothers Treasury C 3.600 3/19/2018 JPY 2.571
Windreich GmbH 6.250 3/1/2015 EUR 13.125
Lehman Brothers Treasury C 8.600 7/31/2013 GBP 2.571
Lehman Brothers Treasury C 4.500 12/30/2010 USD 2.571
HSBC Bank PLC 0.500 2/24/2027 NZD 74.057
Lehman Brothers Treasury C 9.000 5/15/2022 USD 2.571
Otkritie Holding JSC 11.500 7/20/2028 RUB 9.500
AKB Peresvet ZAO 13.000 10/7/2017 RUB 22.750
Lehman Brothers Treasury C 8.000 10/23/2008 USD 2.571
AKB Peresvet ZAO 3.589 9/2/2020 RUB 18.030
Kaupthing ehf 7.000 7/24/2009 ISK 0.250
UniCredit Bank AG 12.400 1/3/2020 EUR 73.220
Vontobel Financial Product 13.000 6/28/2019 EUR 69.240
BNP Paribas Emissions- und 13.000 3/21/2019 EUR 68.570
UniCredit Bank AG 14.500 6/28/2019 EUR 69.360
UniCredit Bank AG 10.400 1/3/2020 EUR 72.180
Raiffeisen Schweiz Genosse 10.500 10/16/2018 CHF 61.970
Zurcher Kantonalbank Finan 5.000 8/12/2019 CHF 54.180
HSBC Trinkaus & Burkhardt 2.500 6/22/2018 EUR 59.240
Vontobel Financial Product 8.000 1/2/2019 EUR 73.930
DZ Bank AG Deutsche Zentra 6.000 6/22/2018 EUR 71.420
Vontobel Financial Product 8.250 7/27/2018 EUR 60.930
Goldman Sachs & Co Wertpap 16.000 6/26/2019 EUR 70.510
UBS AG/London 8.000 4/29/2021 USD 9.780
getBACK SA 5.800 10/1/2019 PLN 15.000
getBACK SA 5.900 1/29/2019 PLN 12.500
Leonteq Securities AG/Guer 6.400 6/4/2020 CHF 60.790
Podkarpacki Bank Spoldziel 5.810 2/23/2025 PLN 50.000
Rosselkhozbank JSC 8.850 7/11/2025 RUB 62.030
BNP Paribas Emissions- und 3.000 10/12/2018 EUR 44.430
Rosselkhozbank JSC 8.850 7/14/2025 RUB 62.020
Landesbank Baden-Wuerttemb 3.050 6/22/2018 EUR 46.220
Landesbank Baden-Wuerttemb 8.000 9/28/2018 EUR 70.550
DZ Bank AG Deutsche Zentra 5.500 9/28/2018 EUR 73.060
DZ Bank AG Deutsche Zentra 9.250 6/22/2018 EUR 74.630
Otkritie Holding JSC 8.750 12/8/2027 RUB 16.010
getBACK SA 5.700 2/28/2019 PLN 20.000
UniCredit Bank AG 4.400 7/13/2018 EUR 36.880
Leonteq Securities AG/Guer 13.000 3/15/2019 EUR 69.130
Landesbank Baden-Wuerttemb 7.000 6/28/2019 EUR 67.240
Region Kapital OOO 9.250 7/10/2018 RUB 100.000
Heta Asset Resolution AG 5.030 12/31/2023 EUR 34.625
Lehman Brothers Treasury C 2.000 6/21/2011 EUR 2.571
Eiendomskreditt AS 5.370 NOK 67.239
Digital Invest OOO 9.080 3/8/2021 RUB 0.140
Lehman Brothers Treasury C 4.050 9/16/2008 EUR 2.571
Lehman Brothers Treasury C 13.500 6/2/2009 USD 2.571
DZ Bank AG Deutsche Zentra 6.400 6/22/2018 EUR 67.970
HSBC Trinkaus & Burkhardt 4.000 7/27/2018 EUR 73.360
Landesbank Baden-Wuerttemb 5.000 1/24/2020 EUR 73.110
HSBC Trinkaus & Burkhardt 5.500 6/22/2018 EUR 53.160
Commerzbank AG 13.750 7/27/2018 EUR 71.500
Commerzbank AG 11.000 8/24/2018 EUR 73.800
DZ Bank AG Deutsche Zentra 5.000 9/24/2018 EUR 66.660
Vontobel Financial Product 6.500 1/2/2019 EUR 70.530
Vontobel Financial Product 10.500 6/22/2018 EUR 69.180
HSBC Trinkaus & Burkhardt 2.600 6/22/2018 EUR 73.970
Raiffeisen Schweiz Genosse 6.000 11/5/2018 CHF 55.990
Deutsche Bank AG 4.200 12/27/2018 EUR 60.700
Deutsche Bank AG 4.200 9/25/2018 EUR 56.900
Deutsche Bank AG 4.200 12/27/2018 EUR 57.900
Leonteq Securities AG/Guer 11.000 4/8/2019 EUR 68.540
Landesbank Baden-Wuerttemb 3.500 6/22/2018 EUR 74.050
Landesbank Baden-Wuerttemb 2.500 6/22/2018 EUR 71.200
Landesbank Baden-Wuerttemb 4.000 6/22/2018 EUR 67.270
Landesbank Baden-Wuerttemb 4.000 6/22/2018 EUR 68.690
Landesbank Baden-Wuerttemb 5.500 6/22/2018 EUR 64.140
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 68.240
DZ Bank AG Deutsche Zentra 10.500 6/22/2018 EUR 55.120
Commerzbank AG 17.500 1/2/2019 EUR 61.830
Commerzbank AG 6.250 11/23/2018 EUR 68.490
UBS AG/London 9.400 3/28/2019 EUR 62.960
UBS AG/London 10.400 9/27/2018 EUR 62.090
UBS AG/London 10.600 1/3/2019 EUR 71.600
UBS AG/London 8.700 1/3/2019 EUR 73.060
Deutsche Bank AG 2.700 9/25/2018 EUR 74.000
UBS AG/London 13.200 1/3/2019 EUR 59.870
UBS AG/London 7.600 9/27/2018 EUR 65.260
UBS AG/London 5.900 3/28/2019 EUR 67.630
UBS AG/London 7.000 6/27/2019 EUR 69.280
UBS AG/London 12.200 1/3/2019 EUR 67.920
Vontobel Financial Product 11.000 6/22/2018 EUR 57.910
Commerzbank AG 9.500 11/23/2018 EUR 64.840
Vontobel Financial Product 6.000 9/28/2018 EUR 67.050
Vontobel Financial Product 7.500 9/28/2018 EUR 64.020
Vontobel Financial Product 8.550 9/28/2018 EUR 71.570
UniCredit Bank AG 13.900 6/22/2018 EUR 55.000
UniCredit Bank AG 11.500 6/22/2018 EUR 72.520
UniCredit Bank AG 12.500 6/22/2018 EUR 48.750
UniCredit Bank AG 7.600 6/22/2018 EUR 57.130
UniCredit Bank AG 14.100 6/22/2018 EUR 73.990
UBS AG/London 19.300 6/28/2018 EUR 61.570
Commerzbank AG 10.500 7/27/2018 EUR 70.600
HSBC Trinkaus & Burkhardt 8.800 9/28/2018 EUR 42.180
HSBC Trinkaus & Burkhardt 6.700 9/28/2018 EUR 46.550
UBS AG/London 18.000 6/28/2018 EUR 74.040
UBS AG/London 6.100 9/27/2018 EUR 69.380
HSBC Trinkaus & Burkhardt 7.600 6/22/2018 EUR 61.100
HSBC Trinkaus & Burkhardt 8.000 9/28/2018 EUR 61.250
HSBC Trinkaus & Burkhardt 3.600 9/28/2018 EUR 70.510
HSBC Trinkaus & Burkhardt 9.200 6/22/2018 EUR 43.890
HSBC Trinkaus & Burkhardt 6.700 6/22/2018 EUR 49.750
UBS AG/London 8.250 8/3/2018 CHF 57.000
Leonteq Securities AG 7.200 5/2/2019 CHF 51.260
Deutsche Bank AG 4.200 9/25/2018 EUR 59.700
Deutsche Bank AG 5.500 9/25/2018 EUR 62.500
Deutsche Bank AG 5.500 12/27/2018 EUR 64.800
Deutsche Bank AG 5.500 12/27/2018 EUR 62.900
DZ Bank AG Deutsche Zentra 6.500 6/22/2018 EUR 71.900
Deutsche Bank AG 6.200 7/25/2018 EUR 65.900
Deutsche Bank AG 6.200 10/24/2018 EUR 65.200
DekaBank Deutsche Girozent 6.700 1/31/2019 EUR 64.250
DZ Bank AG Deutsche Zentra 6.500 6/22/2018 EUR 67.580
UBS AG/London 11.900 1/3/2019 EUR 71.510
HSBC Trinkaus & Burkhardt 5.000 7/27/2018 EUR 70.400
Raiffeisen Switzerland BV 5.000 8/14/2020 EUR 59.690
Deutsche Bank AG 2.700 9/25/2018 EUR 59.900
Deutsche Bank AG 2.700 12/27/2018 EUR 64.400
UBS AG/London 9.700 1/3/2019 EUR 73.360
Deutsche Bank AG 10.000 9/25/2018 EUR 55.200
UBS AG/London 15.200 9/27/2018 EUR 65.520
UBS AG/London 12.500 9/27/2018 EUR 69.470
Deutsche Bank AG 10.000 9/25/2018 EUR 64.300
UniCredit Bank AG 10.900 6/22/2018 EUR 60.000
UniCredit Bank AG 11.800 6/22/2018 EUR 58.230
UniCredit Bank AG 7.200 6/22/2018 EUR 65.100
UniCredit Bank AG 12.900 6/22/2018 EUR 56.570
UniCredit Bank AG 6.700 6/22/2018 EUR 70.810
DZ Bank AG Deutsche Zentra 4.500 9/28/2018 EUR 73.150
UniCredit Bank AG 7.500 6/22/2018 EUR 49.650
UniCredit Bank AG 10.700 6/22/2018 EUR 73.390
HSBC Trinkaus & Burkhardt 8.800 9/28/2018 EUR 61.620
HSBC Trinkaus & Burkhardt 12.100 6/22/2018 EUR 39.440
DekaBank Deutsche Girozent 4.050 5/17/2019 EUR 65.700
Vontobel Financial Product 6.750 1/2/2019 EUR 58.990
Leonteq Securities AG 14.000 8/2/2018 USD 39.830
Deutsche Bank AG 4.200 9/25/2018 EUR 59.700
Vontobel Financial Product 13.450 12/14/2018 EUR 63.140
Vontobel Financial Product 5.200 12/14/2018 EUR 67.490
Leonteq Securities AG/Guer 11.000 4/12/2019 EUR 64.500
DZ Bank AG Deutsche Zentra 4.750 9/24/2018 EUR 53.940
DZ Bank AG Deutsche Zentra 5.500 12/24/2018 EUR 58.310
DZ Bank AG Deutsche Zentra 5.250 3/18/2019 EUR 59.340
DZ Bank AG Deutsche Zentra 5.500 9/24/2018 EUR 70.020
DZ Bank AG Deutsche Zentra 6.500 12/24/2018 EUR 70.240
DZ Bank AG Deutsche Zentra 5.500 12/24/2018 EUR 72.650
DZ Bank AG Deutsche Zentra 6.250 3/18/2019 EUR 71.540
HSBC Trinkaus & Burkhardt 4.600 6/22/2018 EUR 72.150
HSBC Trinkaus & Burkhardt 4.100 8/24/2018 EUR 73.580
HSBC Trinkaus & Burkhardt 10.300 9/28/2018 EUR 41.460
HSBC Trinkaus & Burkhardt 7.500 9/28/2018 EUR 45.570
HSBC Trinkaus & Burkhardt 7.300 9/28/2018 EUR 73.580
Commerzbank AG 13.000 8/24/2018 EUR 72.240
Commerzbank AG 13.250 9/28/2018 EUR 71.430
Vontobel Financial Product 7.500 6/22/2018 EUR 57.990
Vontobel Financial Product 10.500 6/22/2018 EUR 57.840
Vontobel Financial Product 12.550 6/22/2018 EUR 65.780
Vontobel Financial Product 8.500 1/2/2019 EUR 63.480
Vontobel Financial Product 2.500 9/28/2018 EUR 50.200
Vontobel Financial Product 10.500 9/28/2018 EUR 39.240
Vontobel Financial Product 12.500 9/28/2018 EUR 37.920
HSBC Trinkaus & Burkhardt 7.600 6/22/2018 EUR 62.650
Commerzbank AG 11.500 10/26/2018 EUR 73.710
Commerzbank AG 16.000 7/27/2018 EUR 60.280
Vontobel Financial Product 9.500 8/24/2018 EUR 65.160
Vontobel Financial Product 7.000 8/24/2018 EUR 65.620
Commerzbank AG 15.250 8/24/2018 EUR 61.760
DZ Bank AG Deutsche Zentra 4.000 8/2/2018 EUR 66.540
Deutsche Bank AG 5.500 9/25/2018 EUR 66.700
Vontobel Financial Product 6.000 6/22/2018 EUR 51.790
Deutsche Bank AG 5.500 9/25/2018 EUR 60.600
Deutsche Bank AG 5.500 12/27/2018 EUR 71.200
Deutsche Bank AG 5.500 12/27/2018 EUR 67.900
Deutsche Bank AG 5.500 12/27/2018 EUR 66.800
DZ Bank AG Deutsche Zentra 8.000 6/22/2018 EUR 54.970
DZ Bank AG Deutsche Zentra 8.250 6/22/2018 EUR 71.920
Vontobel Financial Product 11.500 9/28/2018 EUR 74.070
Deutsche Bank AG 6.200 8/22/2018 EUR 68.100
Commerzbank AG 12.500 11/23/2018 EUR 66.830
Deutsche Bank AG 5.500 9/25/2018 EUR 68.400
Deutsche Bank AG 6.200 7/25/2018 EUR 67.700
Deutsche Bank AG 6.200 8/22/2018 EUR 68.600
Deutsche Bank AG 6.200 8/22/2018 EUR 64.100
Deutsche Bank AG 6.200 8/22/2018 EUR 60.200
Deutsche Bank AG 6.200 10/24/2018 EUR 67.300
UBS AG/London 8.600 6/22/2018 EUR 57.170
UBS AG/London 10.700 1/3/2019 EUR 61.590
Deutsche Bank AG 2.700 9/25/2018 EUR 63.800
DZ Bank AG Deutsche Zentra 5.000 1/25/2019 EUR 65.350
Vontobel Financial Product 10.500 6/22/2018 EUR 54.290
HSBC Trinkaus & Burkhardt 8.470 1/25/2019 EUR 72.170
Vontobel Financial Product 13.000 6/22/2018 EUR 51.670
Vontobel Financial Product 5.000 9/28/2018 EUR 68.880
Vontobel Financial Product 7.550 9/28/2018 EUR 61.050
Vontobel Financial Product 10.550 9/28/2018 EUR 55.300
Vontobel Financial Product 14.000 9/28/2018 EUR 50.930
Vontobel Financial Product 5.000 1/2/2019 EUR 69.970
Vontobel Financial Product 8.500 1/2/2019 EUR 60.010
Vontobel Financial Product 12.550 1/2/2019 EUR 53.750
Commerzbank AG 14.750 8/24/2018 EUR 71.260
Deutsche Bank AG 6.200 7/25/2018 EUR 74.000
Deutsche Bank AG 6.200 7/25/2018 EUR 68.200
Deutsche Bank AG 6.200 7/25/2018 EUR 61.600
Deutsche Bank AG 6.200 7/25/2018 EUR 59.700
UniCredit Bank AG 11.900 6/22/2018 EUR 74.230
UniCredit Bank AG 9.100 6/28/2019 EUR 73.300
UniCredit Bank AG 13.300 6/28/2019 EUR 68.540
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 72.160
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 73.270
UniCredit Bank AG 10.500 9/28/2018 EUR 67.140
BNP Paribas Emissions- und 9.500 6/27/2019 EUR 71.600
Deutsche Bank AG 5.200 12/27/2018 EUR 72.400
Deutsche Bank AG 6.200 9/25/2018 EUR 69.200
UniCredit Bank AG 14.700 1/3/2020 EUR 69.380
Deutsche Bank AG 6.200 9/25/2018 EUR 73.300
UniCredit Bank AG 14.700 1/4/2019 EUR 41.000
UniCredit Bank AG 14.900 1/4/2019 EUR 64.830
UniCredit Bank AG 14.500 1/4/2019 EUR 9.590
BNP Paribas Emissions- und 19.000 9/27/2018 EUR 62.440
BNP Paribas Emissions- und 6.000 6/27/2019 EUR 66.850
BNP Paribas Emissions- und 8.500 6/27/2019 EUR 64.800
BNP Paribas Emissions- und 19.000 12/31/2018 EUR 62.710
BNP Paribas Emissions- und 16.000 6/27/2019 EUR 68.870
UniCredit Bank AG 9.300 3/22/2019 EUR 71.990
BNP Paribas Emissions- und 11.000 9/27/2018 EUR 60.800
Commerzbank AG 11.250 1/2/2019 EUR 71.890
Vontobel Financial Product 7.100 12/14/2018 EUR 73.130
Vontobel Financial Product 12.650 12/14/2018 EUR 71.510
Commerzbank AG 10.750 7/27/2018 EUR 70.660
Raiffeisen Centrobank AG 10.237 3/19/2019 EUR 69.080
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 66.220
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 64.660
Bank Julius Baer & Co Ltd/ 8.000 11/2/2018 USD 62.300
Vontobel Financial Product 8.500 9/28/2018 EUR 66.580
BNP Paribas Emissions- und 9.000 3/21/2019 EUR 72.100
BNP Paribas Emissions- und 8.000 6/27/2019 EUR 72.290
UniCredit Bank AG 9.400 3/22/2019 EUR 72.470
BNP Paribas Emissions- und 9.000 3/21/2019 EUR 70.200
UniCredit Bank AG 13.600 3/22/2019 EUR 69.170
Commerzbank AG 12.250 1/2/2019 EUR 70.520
BNP Paribas Emissions- und 6.500 12/31/2018 EUR 72.660
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 68.420
Zurcher Kantonalbank Finan 6.600 4/3/2019 CHF 63.060
UBS AG/London 11.750 11/1/2018 USD 62.700
Leonteq Securities AG/Guer 10.400 2/13/2019 CHF 70.700
Vontobel Financial Product 13.400 9/14/2018 EUR 69.900
Vontobel Financial Product 15.750 9/14/2018 EUR 64.510
Vontobel Financial Product 5.050 9/14/2018 EUR 66.840
Vontobel Financial Product 6.400 9/14/2018 EUR 66.180
Vontobel Financial Product 7.800 9/14/2018 EUR 67.520
Vontobel Financial Product 10.800 9/14/2018 EUR 67.130
DZ Bank AG Deutsche Zentra 15.000 6/22/2018 EUR 73.720
DZ Bank AG Deutsche Zentra 6.750 6/22/2018 EUR 72.640
Commerzbank AG 7.500 8/24/2018 EUR 73.920
Vontobel Financial Product 10.050 9/14/2018 EUR 73.420
Commerzbank AG 5.500 8/24/2018 EUR 70.760
UBS AG/London 12.800 9/27/2018 EUR 72.160
Commerzbank AG 10.500 8/24/2018 EUR 74.030
UBS AG/London 17.100 9/27/2018 EUR 74.040
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 61.700
BNP Paribas Emissions- und 12.000 10/25/2018 EUR 66.350
Vontobel Financial Product 7.550 1/25/2019 EUR 67.700
Vontobel Financial Product 9.250 9/14/2018 EUR 63.100
Commerzbank AG 22.000 11/23/2018 EUR 65.000
Commerzbank AG 8.500 8/24/2018 EUR 72.520
DZ Bank AG Deutsche Zentra 11.000 2/20/2019 EUR 62.730
BNP Paribas Emissions- und 16.000 12/31/2018 EUR 63.180
Commerzbank AG 11.750 8/24/2018 EUR 38.710
Commerzbank AG 10.000 9/28/2018 EUR 71.600
Commerzbank AG 4.500 12/29/2022 USD #N/A N/A
Vontobel Financial Product 8.550 1/2/2019 EUR 65.250
Raiffeisen Centrobank AG 12.706 12/28/2018 EUR 63.160
Raiffeisen Centrobank AG 6.026 12/27/2019 EUR 70.940
Bank Julius Baer & Co Ltd/ 8.000 11/14/2018 EUR 66.800
Vontobel Financial Product 14.000 1/2/2019 EUR 73.160
Credit Suisse AG/Nassau 7.500 7/29/2019 CHF 49.770
UniCredit Bank AG 10.600 6/22/2018 EUR 75.000
UniCredit Bank AG 13.900 9/28/2018 EUR 71.580
UniCredit Bank AG 13.700 6/28/2019 EUR 72.370
UniCredit Bank AG 13.600 9/28/2018 EUR 68.970
DZ Bank AG Deutsche Zentra 7.750 9/26/2018 EUR #N/A N/A
UniCredit Bank AG 14.300 1/4/2019 EUR 71.680
HSBC Trinkaus & Burkhardt 1.000 12/28/2018 EUR 68.830
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 65.600
Commerzbank AG 13.000 9/28/2018 EUR 68.260
Commerzbank AG 10.250 1/2/2019 EUR 73.310
Vontobel Financial Product 12.250 12/14/2018 EUR 66.690
Commerzbank AG 9.750 7/27/2018 EUR 72.640
Commerzbank AG 12.750 7/27/2018 EUR 67.170
Commerzbank AG 23.250 10/26/2018 EUR 63.620
Commerzbank AG 20.000 11/23/2018 EUR 66.700
Commerzbank AG 9.500 8/24/2018 EUR 71.120
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 68.080
BNP Paribas Emissions- und 13.000 6/27/2019 EUR 65.860
Commerzbank AG 6.500 8/24/2018 EUR 69.040
Commerzbank AG 12.500 8/24/2018 EUR 70.310
UBS AG/London 20.200 9/27/2018 EUR 71.020
Commerzbank AG 9.750 8/24/2018 EUR 40.940
BNP Paribas Emissions- und 20.000 9/27/2018 EUR 70.980
Landesbank Baden-Wuerttemb 5.000 11/23/2018 EUR 60.450
Commerzbank AG 10.500 6/22/2018 EUR 71.090
Commerzbank AG 9.500 8/24/2018 EUR 70.680
Vontobel Financial Product 10.050 6/22/2018 EUR 63.550
Vontobel Financial Product 8.000 9/28/2018 EUR 71.200
Vontobel Financial Product 13.500 1/2/2019 EUR 67.970
DZ Bank AG Deutsche Zentra 7.750 9/24/2018 EUR 71.850
HSBC Trinkaus & Burkhardt 9.000 12/28/2018 EUR 72.090
Commerzbank AG 21.750 9/28/2018 EUR 64.050
Vontobel Financial Product 9.800 3/8/2019 EUR 65.880
Vontobel Financial Product 7.000 6/28/2019 EUR 72.080
Vontobel Financial Product 7.000 6/28/2019 EUR 72.080
Raiffeisen Centrobank AG 12.395 6/25/2019 EUR 71.520
EFG International Finance 7.660 10/5/2018 USD 53.270
BNP Paribas Emissions- und 19.000 12/31/2018 EUR 69.980
Vontobel Financial Product 8.000 11/23/2018 EUR 64.630
Vontobel Financial Product 11.550 9/28/2018 EUR 68.830
Vontobel Financial Product 8.500 1/2/2019 EUR 72.470
Vontobel Financial Product 17.000 1/2/2019 EUR 65.760
Vontobel Financial Product 8.550 6/28/2019 EUR 72.820
Vontobel Financial Product 10.550 6/28/2019 EUR 70.560
Commerzbank AG 9.500 1/25/2019 EUR 69.970
HSBC Trinkaus & Burkhardt 7.600 10/26/2018 EUR 72.720
HSBC Trinkaus & Burkhardt 7.800 11/23/2018 EUR 73.300
HSBC Trinkaus & Burkhardt 3.500 10/26/2018 EUR 66.920
HSBC Trinkaus & Burkhardt 11.300 9/28/2018 EUR 72.510
HSBC Trinkaus & Burkhardt 5.400 9/28/2018 EUR 66.360
HSBC Trinkaus & Burkhardt 7.500 3/22/2019 EUR 65.540
Vontobel Financial Product 10.700 9/14/2018 EUR 65.810
Vontobel Financial Product 13.200 9/14/2018 EUR 64.110
Vontobel Financial Product 12.950 12/14/2018 EUR 65.000
Vontobel Financial Product 10.500 9/21/2018 EUR 63.560
Vontobel Financial Product 13.000 1/2/2019 EUR 65.800
Vontobel Financial Product 13.000 6/28/2019 EUR 67.880
Commerzbank AG 8.000 11/6/2020 USD 3.160
DZ Bank AG Deutsche Zentra 9.250 9/26/2018 EUR #N/A N/A
Bank Julius Baer & Co Ltd/ 9.500 8/23/2018 USD 62.400
Commerzbank AG 15.000 7/27/2018 EUR 65.670
Commerzbank AG 14.000 8/24/2018 EUR 66.890
Raiffeisen Centrobank AG 11.943 3/19/2019 EUR 69.340
BNP Paribas Emissions- und 7.500 9/27/2018 EUR 71.600
Credit Suisse AG/London 8.000 10/9/2018 USD 53.450
Commerzbank AG 5.000 7/27/2018 EUR 45.820
BNP Paribas Emissions- und 19.000 10/25/2018 EUR 61.520
Vontobel Financial Product 11.650 9/14/2018 EUR 63.620
BNP Paribas Emissions- und 16.000 10/25/2018 EUR 62.740
Commerzbank AG 11.750 7/27/2018 EUR 68.850
Leonteq Securities AG/Guer 12.000 4/30/2019 EUR 72.270
Vontobel Financial Product 9.000 10/30/2018 EUR 70.540
Commerzbank AG 12.000 9/28/2018 EUR 71.880
BNP Paribas Emissions- und 13.000 6/27/2019 EUR 67.760
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 73.030
Commerzbank AG 11.500 8/24/2018 EUR 72.000
Commerzbank AG 3.750 8/24/2018 EUR 58.520
BNP Paribas Emissions- und 19.000 9/27/2018 EUR 60.220
Commerzbank AG 9.000 7/27/2018 EUR 69.880
DZ Bank AG Deutsche Zentra 6.500 11/21/2018 EUR 72.220
Commerzbank AG 4.500 12/30/2024 USD #N/A N/A
Raiffeisen Centrobank AG 10.166 6/25/2019 EUR 71.510
Vontobel Financial Product 11.550 9/28/2018 EUR 74.610
DZ Bank AG Deutsche Zentra 8.500 1/2/2019 EUR 69.330
Commerzbank AG 7.500 8/24/2018 EUR 67.800
UBS AG/London 16.600 9/27/2018 EUR 63.800
Commerzbank AG 12.000 6/22/2018 EUR 73.190
Commerzbank AG 5.750 8/24/2018 EUR 48.920
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 65.680
Vontobel Financial Product 12.350 12/14/2018 EUR 68.750
Vontobel Financial Product 9.800 12/14/2018 EUR 71.980
BNP Paribas Emissions- und 18.000 10/25/2018 EUR 71.790
Commerzbank AG 10.000 9/28/2018 EUR 40.110
Raiffeisen Centrobank AG 8.008 6/25/2019 EUR 71.970
Leonteq Securities AG/Guer 13.400 1/3/2019 EUR 64.120
Raiffeisen Centrobank AG 10.588 12/28/2018 EUR 69.680
Raiffeisen Centrobank AG 6.850 12/27/2019 EUR 73.080
Vontobel Financial Product 9.550 9/28/2018 EUR 70.910
Vontobel Financial Product 8.500 1/2/2019 EUR 63.320
Vontobel Financial Product 8.500 9/28/2018 EUR 72.260
UniCredit Bank AG 13.000 1/4/2019 EUR 61.850
UBS AG/London 8.750 8/16/2018 CHF 64.000
DZ Bank AG Deutsche Zentra 6.000 9/28/2018 EUR 61.400
DZ Bank AG Deutsche Zentra 5.200 3/28/2019 EUR 61.600
DZ Bank AG Deutsche Zentra 5.000 12/28/2018 EUR 69.810
Raiffeisen Schweiz Genosse 5.400 8/2/2019 CHF 71.450
DZ Bank AG Deutsche Zentra 5.000 3/28/2019 EUR 61.810
DZ Bank AG Deutsche Zentra 7.250 12/24/2018 EUR 64.310
DZ Bank AG Deutsche Zentra 5.000 3/18/2019 EUR 67.720
DZ Bank AG Deutsche Zentra 8.250 1/2/2019 EUR 72.790
DZ Bank AG Deutsche Zentra 8.600 12/24/2018 EUR 69.730
DZ Bank AG Deutsche Zentra 7.600 3/18/2019 EUR 70.850
Commerzbank AG 25.250 8/24/2018 EUR 58.440
Commerzbank AG 14.500 9/28/2018 EUR 73.510
Commerzbank AG 17.250 7/27/2018 EUR 63.290
Commerzbank AG 16.250 8/24/2018 EUR 64.310
Commerzbank AG 12.500 10/26/2018 EUR 68.630
Commerzbank AG 14.500 10/26/2018 EUR 66.640
DZ Bank AG Deutsche Zentra 5.000 8/24/2018 EUR 67.290
Leonteq Securities AG/Guer 12.800 1/10/2019 CHF 62.150
UniCredit Bank AG 12.500 9/28/2018 EUR 67.260
UniCredit Bank AG 13.800 9/28/2018 EUR 65.050
BNP Paribas Emissions- und 8.500 9/27/2018 EUR 70.690
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 66.810
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 68.980
UniCredit Bank AG 14.200 9/28/2018 EUR 63.970
UniCredit Bank AG 14.200 6/28/2019 EUR 73.130
UniCredit Bank AG 13.600 9/28/2018 EUR 70.160
Deutsche Bank AG 6.200 12/27/2018 EUR 70.500
UniCredit Bank AG 11.400 3/22/2019 EUR 67.240
Deutsche Bank AG 6.200 9/25/2018 EUR 71.700
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 72.570
BNP Paribas Emissions- und 9.000 3/21/2019 EUR 73.920
UniCredit Bank AG 13.400 1/3/2020 EUR 71.870
Deutsche Bank AG 5.200 9/25/2018 EUR 73.000
Credit Suisse AG/London 8.250 8/29/2018 USD 54.060
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 61.910
Deutsche Bank AG 6.200 2/20/2019 EUR 71.300
Commerzbank AG 10.500 10/26/2018 EUR 70.400
Commerzbank AG 11.500 10/26/2018 EUR 69.060
Commerzbank AG 5.250 10/26/2018 EUR 47.490
Commerzbank AG 7.250 10/26/2018 EUR 43.090
Commerzbank AG 9.250 10/26/2018 EUR 40.570
DZ Bank AG Deutsche Zentra 12.250 7/25/2018 EUR #N/A N/A
Commerzbank AG 8.750 1/2/2019 EUR 71.130
Deutsche Bank AG 6.200 2/20/2019 EUR 73.700
Deutsche Bank AG 6.200 2/20/2019 EUR 67.000
Commerzbank AG 19.750 1/2/2019 EUR 64.670
DZ Bank AG Deutsche Zentra 5.000 8/24/2018 EUR 67.160
UniCredit Bank AG 14.800 6/28/2019 EUR 69.770
UniCredit Bank AG 13.900 9/28/2018 EUR 67.280
Landesbank Hessen-Thuering 6.500 2/16/2023 EUR 73.530
UniCredit Bank AG 7.600 9/28/2018 EUR 69.670
BNP Paribas Emissions- und 7.500 3/21/2019 EUR 74.430
UniCredit Bank AG 14.900 9/28/2018 EUR 73.600
UniCredit Bank AG 11.800 9/28/2018 EUR 74.090
UniCredit Bank AG 13.800 6/28/2019 EUR 72.650
BNP Paribas Emissions- und 13.000 3/21/2019 EUR 73.650
UniCredit Bank AG 12.200 6/28/2019 EUR 67.530
Deutsche Bank AG 6.200 12/27/2018 EUR 72.900
Deutsche Bank AG 6.200 12/27/2018 EUR 68.300
Deutsche Bank AG 5.200 12/27/2018 EUR 67.800
Deutsche Bank AG 6.200 9/25/2018 EUR 66.900
UniCredit Bank AG 14.900 9/28/2018 EUR 59.310
UniCredit Bank AG 8.800 9/28/2018 EUR 68.940
UniCredit Bank AG 11.400 9/28/2018 EUR 70.490
UniCredit Bank AG 12.000 1/4/2019 EUR 43.030
UniCredit Bank AG 4.000 1/4/2019 EUR 59.440
UniCredit Bank AG 11.500 1/4/2019 EUR 67.250
DZ Bank AG Deutsche Zentra 7.200 3/28/2019 EUR 72.840
Commerzbank AG 10.500 10/26/2018 EUR 69.720
DZ Bank AG Deutsche Zentra 8.000 9/24/2018 EUR 63.160
Vontobel Financial Product 15.000 9/28/2018 EUR 69.770
DZ Bank AG Deutsche Zentra 5.000 12/24/2018 EUR 66.580
Commerzbank AG 22.250 9/28/2018 EUR 58.900
Commerzbank AG 21.000 10/26/2018 EUR 60.100
Commerzbank AG 17.750 7/27/2018 EUR 71.480
DZ Bank AG Deutsche Zentra 6.300 3/18/2019 EUR 73.980
Vontobel Financial Product 9.750 7/27/2018 EUR 62.070
DZ Bank AG Deutsche Zentra 9.200 9/24/2018 EUR 67.830
DZ Bank AG Deutsche Zentra 4.750 9/24/2018 EUR 61.890
DZ Bank AG Deutsche Zentra 6.500 3/18/2019 EUR 68.350
Vontobel Financial Product 13.500 6/22/2018 EUR 73.530
DZ Bank AG Deutsche Zentra 7.250 3/18/2019 EUR 73.730
DZ Bank AG Deutsche Zentra 6.600 12/24/2018 EUR 73.040
DZ Bank AG Deutsche Zentra 6.000 3/18/2019 EUR 73.850
Commerzbank AG 0.100 12/27/2018 RUB 2.160
DZ Bank AG Deutsche Zentra 8.250 12/24/2018 EUR 59.600
DZ Bank AG Deutsche Zentra 5.500 9/24/2018 EUR 66.850
DZ Bank AG Deutsche Zentra 6.250 12/24/2018 EUR 70.110
DZ Bank AG Deutsche Zentra 6.250 11/23/2018 EUR 41.410
Raiffeisen Centrobank AG 8.862 9/25/2018 EUR 68.080
DZ Bank AG Deutsche Zentra 5.500 3/20/2019 EUR 73.180
Commerzbank AG 9.500 10/26/2018 EUR 71.880
Commerzbank AG 14.750 1/2/2019 EUR 64.050
Commerzbank AG 10.000 11/23/2018 EUR 72.540
Commerzbank AG 11.000 11/23/2018 EUR 71.020
Leonteq Securities AG/Guer 12.800 10/30/2018 USD 72.260
DZ Bank AG Deutsche Zentra 6.500 12/24/2018 EUR 65.850
DZ Bank AG Deutsche Zentra 8.500 3/18/2019 EUR #N/A N/A
DZ Bank AG Deutsche Zentra 7.000 3/18/2019 EUR 69.170
DZ Bank AG Deutsche Zentra 5.500 12/24/2018 EUR 72.180
DZ Bank AG Deutsche Zentra 6.500 12/24/2018 EUR 73.810
DZ Bank AG Deutsche Zentra 15.000 7/25/2018 EUR #N/A N/A
Commerzbank AG 10.750 1/2/2019 EUR 67.940
Commerzbank AG 12.750 1/2/2019 EUR 65.740
Deutsche Bank AG 6.200 2/20/2019 EUR 72.400
Deutsche Bank AG 6.200 2/20/2019 EUR 71.300
Commerzbank AG 14.000 11/23/2018 EUR 67.460
Commerzbank AG 13.500 1/2/2019 EUR 68.640
Commerzbank AG 15.250 9/28/2018 EUR 65.610
UBS AG/London 7.000 2/22/2019 EUR 73.140
Deutsche Bank AG 6.200 2/20/2019 EUR 72.400
Deutsche Bank AG 6.200 1/23/2019 EUR 73.300
DZ Bank AG Deutsche Zentra 11.250 7/25/2018 EUR 70.820
Commerzbank AG 14.250 9/28/2018 EUR 63.300
Deutsche Bank AG 6.200 2/20/2019 EUR 69.900
DZ Bank AG Deutsche Zentra 10.750 8/24/2018 EUR 61.330
DZ Bank AG Deutsche Zentra 6.500 9/28/2018 EUR 73.560
Deutsche Bank AG 8.500 10/15/2018 USD 8.080
DZ Bank AG Deutsche Zentra 8.250 3/18/2019 EUR 63.870
DZ Bank AG Deutsche Zentra 6.250 9/24/2018 EUR 70.020
DZ Bank AG Deutsche Zentra 7.250 9/24/2018 EUR 67.310
DZ Bank AG Deutsche Zentra 6.700 3/18/2019 EUR 72.240
Vontobel Financial Product 10.500 10/26/2018 EUR 68.390
Raiffeisen Centrobank AG 7.374 3/19/2019 EUR 65.960
DZ Bank AG Deutsche Zentra 5.000 9/24/2018 EUR 59.170
DZ Bank AG Deutsche Zentra 6.250 3/18/2019 EUR 67.270
DZ Bank AG Deutsche Zentra 7.200 12/24/2018 EUR 71.980
Deutsche Bank AG 6.200 1/23/2019 EUR 66.600
Deutsche Bank AG 6.200 2/20/2019 EUR 73.700
UniCredit Bank AG 12.800 9/28/2018 EUR 39.990
UniCredit Bank AG 6.600 6/28/2019 EUR 70.920
BNP Paribas Emissions- und 9.500 3/21/2019 EUR 72.060
UniCredit Bank AG 10.900 1/3/2020 EUR 72.820
Commerzbank AG 6.500 10/26/2018 EUR 72.980
BNP Paribas Emissions- und 18.000 9/27/2018 EUR 73.480
UniCredit Bank AG 12.300 3/22/2019 EUR 68.310
DZ Bank AG Deutsche Zentra 5.500 9/24/2018 EUR 59.300
Commerzbank AG 20.000 11/23/2018 EUR 61.210
DZ Bank AG Deutsche Zentra 6.700 9/24/2018 EUR 71.620
DZ Bank AG Deutsche Zentra 7.800 9/24/2018 EUR 69.640
DZ Bank AG Deutsche Zentra 7.600 12/24/2018 EUR 71.330
DZ Bank AG Deutsche Zentra 5.750 9/24/2018 EUR #N/A N/A
DZ Bank AG Deutsche Zentra 7.250 9/24/2018 EUR #N/A N/A
DZ Bank AG Deutsche Zentra 5.000 12/24/2018 EUR 73.740
DZ Bank AG Deutsche Zentra 5.000 3/18/2019 EUR 72.420
DZ Bank AG Deutsche Zentra 4.750 9/24/2018 EUR 68.190
DZ Bank AG Deutsche Zentra 5.250 12/24/2018 EUR 74.010
DZ Bank AG Deutsche Zentra 5.000 3/18/2019 EUR 74.990
Vontobel Financial Product 10.000 8/24/2018 EUR 69.670
Deutsche Bank AG 6.200 1/23/2019 EUR 72.000
Deutsche Bank AG 6.200 1/23/2019 EUR 69.500
Deutsche Bank AG 6.200 2/20/2019 EUR 69.900
Deutsche Bank AG 6.200 1/23/2019 EUR 70.900
Deutsche Bank AG 6.200 2/20/2019 EUR 67.000
Raiffeisen Centrobank AG 13.292 9/25/2018 EUR 66.820
Raiffeisen Centrobank AG 4.431 9/25/2018 EUR 70.450
Commerzbank AG 12.250 7/27/2018 EUR 73.790
DZ Bank AG Deutsche Zentra 13.750 7/25/2018 EUR #N/A N/A
Commerzbank AG 8.500 10/26/2018 EUR 73.560
Commerzbank AG 3.250 10/26/2018 EUR 57.160
Commerzbank AG 11.250 10/26/2018 EUR 38.860
Vontobel Financial Product 3.600 2/1/2019 EUR 69.910
Commerzbank AG 13.000 10/26/2018 EUR 64.660
Commerzbank AG 12.000 11/23/2018 EUR 69.680
Commerzbank AG 26.750 7/27/2018 EUR 56.760
Leonteq Securities AG/Guer 10.000 1/10/2019 USD 65.010
Commerzbank AG 12.750 10/26/2018 EUR 72.290
BNP Paribas Emissions- und 6.800 10/25/2018 EUR 69.180
UniCredit Bank AG 6.300 9/28/2018 EUR 47.890
Vontobel Financial Product 14.000 1/2/2019 EUR 66.860
Vontobel Financial Product 10.500 9/28/2018 EUR 71.000
Commerzbank AG 14.500 9/28/2018 EUR 66.560
Vontobel Financial Product 4.300 12/14/2018 EUR 58.870
HSBC Trinkaus & Burkhardt 4.500 9/28/2018 EUR 39.750
HSBC Trinkaus & Burkhardt 6.500 9/28/2018 EUR 69.160
HSBC Trinkaus & Burkhardt 5.800 12/28/2018 EUR 72.330
Commerzbank AG 6.500 6/22/2018 EUR 63.750
Commerzbank AG 3.000 9/28/2018 EUR 48.280
Vontobel Financial Product 13.550 6/22/2018 EUR 65.910
Vontobel Financial Product 7.000 8/24/2018 EUR 69.790
Vontobel Financial Product 8.500 1/2/2019 EUR 71.780
Leonteq Securities AG/Guer 13.200 1/16/2019 CHF 66.490
BNP Paribas Emissions- und 6.000 3/21/2019 EUR 74.280
BNP Paribas Emissions- und 5.000 6/27/2019 EUR 66.910
Commerzbank AG 5.750 8/24/2018 EUR 38.580
Commerzbank AG 8.750 9/28/2018 EUR 35.610
Commerzbank AG 4.500 7/27/2018 EUR 41.050
Commerzbank AG 6.500 7/27/2018 EUR 37.570
Commerzbank AG 10.250 10/26/2018 EUR 69.620
DZ Bank AG Deutsche Zentra 6.400 9/24/2018 EUR 72.310
Commerzbank AG 14.000 9/28/2018 EUR 73.970
Commerzbank AG 14.500 7/27/2018 EUR 71.360
DZ Bank AG Deutsche Zentra 11.000 2/20/2019 EUR 67.340
HSBC Trinkaus & Burkhardt 6.700 9/28/2018 EUR 62.300
HSBC Trinkaus & Burkhardt 4.000 6/28/2019 EUR 67.010
Vontobel Financial Product 10.500 1/2/2019 EUR 68.410
Vontobel Financial Product 12.000 1/2/2019 EUR 67.180
Vontobel Financial Product 15.000 1/2/2019 EUR 65.050
Vontobel Financial Product 8.500 1/2/2019 EUR 71.780
Commerzbank AG 11.500 9/28/2018 EUR 66.200
Commerzbank AG 12.750 8/24/2018 EUR 66.850
Commerzbank AG 8.500 11/23/2018 EUR 72.050
Raiffeisen Schweiz Genosse 10.000 10/16/2018 CHF 57.330
Vontobel Financial Product 8.000 9/28/2018 EUR 41.740
DZ Bank AG Deutsche Zentra 4.500 12/28/2018 EUR 70.910
Bank Julius Baer & Co Ltd/ 12.750 4/23/2019 USD 69.650
Bank Julius Baer & Co Ltd/ 14.100 1/24/2019 USD 68.300
Vontobel Financial Product 14.500 1/2/2019 EUR 72.360
Commerzbank AG 15.000 8/24/2018 EUR 67.790
BNP Paribas Emissions- und 7.000 3/21/2019 EUR 72.440
Commerzbank AG 3.750 8/24/2018 EUR 43.010
Commerzbank AG 11.750 8/24/2018 EUR 33.460
Commerzbank AG 4.750 9/28/2018 EUR 40.180
Vontobel Financial Product 7.750 3/8/2019 EUR 68.300
HSBC Trinkaus & Burkhardt 8.500 9/28/2018 EUR 70.950
HSBC Trinkaus & Burkhardt 9.000 3/22/2019 EUR 72.240
HSBC Trinkaus & Burkhardt 11.900 12/28/2018 EUR 68.480
Vontobel Financial Product 8.550 9/28/2018 EUR 69.790
Vontobel Financial Product 14.000 9/28/2018 EUR 64.620
Vontobel Financial Product 11.000 9/28/2018 EUR 68.080
Vontobel Financial Product 7.500 6/28/2019 EUR 73.560
Vontobel Financial Product 7.550 1/2/2019 EUR 73.700
Vontobel Financial Product 11.000 6/28/2019 EUR 69.210
Vontobel Financial Product 4.000 9/28/2018 EUR 47.310
BNP Paribas Emissions- und 3.000 6/27/2019 EUR 70.190
Commerzbank AG 8.000 2/22/2019 EUR 72.170
Commerzbank AG 10.500 7/27/2018 EUR 33.870
Commerzbank AG 8.500 10/26/2018 EUR 36.210
Commerzbank AG 7.750 8/24/2018 EUR 44.010
BNP Paribas Emissions- und 19.000 8/23/2018 EUR 61.100
Raiffeisen Centrobank AG 9.940 12/27/2019 EUR 72.550
Raiffeisen Centrobank AG 8.395 12/27/2019 EUR 72.650
Vontobel Financial Product 7.000 9/28/2018 EUR 62.540
Vontobel Financial Product 12.000 6/22/2018 EUR 63.560
Vontobel Financial Product 7.550 1/2/2019 EUR 69.390
Vontobel Financial Product 9.500 1/2/2019 EUR 63.840
Vontobel Financial Product 16.550 9/28/2018 EUR 65.470
BNP Paribas Emissions- und 13.000 10/25/2018 EUR 72.700
HSBC Trinkaus & Burkhardt 10.500 3/22/2019 EUR 70.790
HSBC Trinkaus & Burkhardt 6.400 3/22/2019 EUR 63.110
HSBC Trinkaus & Burkhardt 2.000 11/23/2018 EUR 72.320
HSBC Trinkaus & Burkhardt 3.500 2/23/2019 EUR 67.540
HSBC Trinkaus & Burkhardt 9.700 12/28/2018 EUR 73.890
HSBC Trinkaus & Burkhardt 5.600 3/22/2019 EUR 67.280
HSBC Trinkaus & Burkhardt 4.000 6/28/2019 EUR 70.010
HSBC Trinkaus & Burkhardt 3.300 10/26/2018 EUR 69.630
HSBC Trinkaus & Burkhardt 3.300 11/23/2018 EUR 69.680
Vontobel Financial Product 12.100 3/8/2019 EUR 64.020
Vontobel Financial Product 5.800 3/8/2019 EUR 71.250
Vontobel Financial Product 6.550 1/2/2019 EUR 70.990
Vontobel Financial Product 8.750 9/28/2018 EUR 65.170
Vontobel Financial Product 8.500 6/22/2018 EUR 73.470
Vontobel Financial Product 10.000 6/22/2018 EUR 70.710
Vontobel Financial Product 9.500 1/2/2019 EUR 70.030
Vontobel Financial Product 13.500 1/2/2019 EUR 66.060
Commerzbank AG 9.750 1/2/2019 EUR 67.880
Commerzbank AG 13.750 8/24/2018 EUR 66.110
BNP Paribas Emissions- und 5.000 3/21/2019 EUR 76.460
BNP Paribas Emissions- und 7.000 3/21/2019 EUR 72.240
BNP Paribas Emissions- und 8.500 3/21/2019 EUR 70.750
Commerzbank AG 7.750 8/24/2018 EUR 36.190
Commerzbank AG 9.750 8/24/2018 EUR 34.660
Commerzbank AG 6.750 9/28/2018 EUR 37.250
DZ Bank AG Deutsche Zentra 9.750 2/20/2019 EUR 67.510
Commerzbank AG 10.750 11/23/2018 EUR 69.420
Commerzbank AG 11.250 10/26/2018 EUR 68.680
Commerzbank AG 15.000 8/24/2018 EUR 73.400
Vontobel Financial Product 6.850 3/8/2019 EUR 70.520
HSBC Trinkaus & Burkhardt 5.800 9/28/2018 EUR 68.060
HSBC Trinkaus & Burkhardt 5.500 12/28/2018 EUR 68.770
HSBC Trinkaus & Burkhardt 8.000 12/28/2018 EUR 38.760
Vontobel Financial Product 8.050 9/21/2018 EUR 54.370
Vontobel Financial Product 5.750 3/8/2019 EUR 63.880
HSBC Trinkaus & Burkhardt 6.800 6/22/2018 EUR 69.480
HSBC Trinkaus & Burkhardt 6.800 6/22/2018 EUR 69.410
BNP Paribas Emissions- und 17.000 8/23/2018 EUR 71.210
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 72.320
Vontobel Financial Product 14.000 9/28/2018 EUR 67.060
Vontobel Financial Product 10.500 9/28/2018 EUR 61.650
Vontobel Financial Product 10.000 1/2/2019 EUR 70.740
Vontobel Financial Product 11.500 1/2/2019 EUR 69.150
Vontobel Financial Product 15.550 1/2/2019 EUR 66.960
HSBC Trinkaus & Burkhardt 7.800 3/22/2019 EUR 61.950
HSBC Trinkaus & Burkhardt 2.400 6/28/2019 EUR 70.790
HSBC Trinkaus & Burkhardt 3.400 11/23/2018 EUR 67.010
HSBC Trinkaus & Burkhardt 2.000 1/25/2019 EUR 72.440
HSBC Trinkaus & Burkhardt 2.000 2/23/2019 EUR 72.390
HSBC Trinkaus & Burkhardt 5.400 12/28/2018 EUR 67.280
HSBC Trinkaus & Burkhardt 3.600 2/23/2019 EUR 70.190
Vontobel Financial Product 11.050 12/14/2018 EUR 66.190
Vontobel Financial Product 4.750 12/21/2018 EUR 72.110
Vontobel Financial Product 8.500 3/22/2019 EUR 66.920
Vontobel Financial Product 7.000 9/28/2018 EUR 71.880
Vontobel Financial Product 10.050 9/28/2018 EUR 67.840
Vontobel Financial Product 12.000 9/28/2018 EUR 66.160
Vontobel Financial Product 16.000 9/28/2018 EUR 63.210
Vontobel Financial Product 12.500 9/28/2018 EUR 66.290
Vontobel Financial Product 11.500 1/2/2019 EUR 73.160
Vontobel Financial Product 10.000 3/22/2019 EUR 73.220
Vontobel Financial Product 10.000 6/28/2019 EUR 73.450
Vontobel Financial Product 8.500 9/28/2018 EUR 72.270
Vontobel Financial Product 10.000 9/28/2018 EUR 70.160
Vontobel Financial Product 11.550 6/22/2018 EUR 68.250
Vontobel Financial Product 9.000 6/28/2019 EUR 70.930
Vontobel Financial Product 11.000 1/2/2019 EUR 68.670
Leonteq Securities AG/Guer 7.000 4/16/2020 CHF 68.800
Commerzbank AG 11.000 10/26/2018 EUR 66.700
Commerzbank AG 12.500 11/23/2018 EUR 67.960
DZ Bank AG Deutsche Zentra 8.250 6/22/2018 EUR 70.500
DZ Bank AG Deutsche Zentra 10.500 6/22/2018 EUR 63.780
HSBC Trinkaus & Burkhardt 9.800 9/28/2018 EUR 69.980
Commerzbank AG 12.500 7/27/2018 EUR 32.640
Commerzbank AG 10.750 9/28/2018 EUR 34.460
Commerzbank AG 4.500 10/26/2018 EUR 41.250
Commerzbank AG 6.500 10/26/2018 EUR 37.920
Commerzbank AG 10.500 10/26/2018 EUR 35.040
Commerzbank AG 8.750 10/26/2018 EUR 72.950
Commerzbank AG 15.750 7/27/2018 EUR 66.030
Vontobel Financial Product 9.000 1/25/2019 EUR 66.060
DZ Bank AG Deutsche Zentra 8.500 9/24/2018 EUR 60.450
EFG International Finance 10.400 2/7/2019 EUR 73.880
Vontobel Financial Product 17.000 1/2/2019 EUR 63.960
Vontobel Financial Product 14.550 9/28/2018 EUR 66.250
Vontobel Financial Product 11.000 1/2/2019 EUR 70.340
UBS AG/London 16.000 8/30/2018 CHF 21.950
UBS AG/London 6.000 8/30/2019 CHF 56.550
Zurcher Kantonalbank Finan 11.000 2/1/2019 EUR 71.400
Vontobel Financial Product 10.350 3/8/2019 EUR 60.510
Commerzbank AG 12.500 1/2/2019 EUR 69.140
Bank Julius Baer & Co Ltd/ 14.400 1/24/2019 USD 68.700
Commerzbank AG 5.500 9/28/2018 EUR 62.920
HSBC Trinkaus & Burkhardt 12.300 6/22/2018 EUR 41.770
HSBC Trinkaus & Burkhardt 11.100 9/28/2018 EUR 40.630
HSBC Trinkaus & Burkhardt 3.900 9/28/2018 EUR 52.660
HSBC Trinkaus & Burkhardt 10.100 12/28/2018 EUR 42.850
Raiffeisen Schweiz Genosse 9.100 3/8/2019 CHF 59.380
Leonteq Securities AG/Guer 10.600 1/16/2019 EUR 72.010
Commerzbank AG 12.750 8/24/2018 EUR 65.020
Commerzbank AG 9.500 11/23/2018 EUR 70.800
Vontobel Financial Product 5.500 9/28/2018 EUR 44.820
BNP Paribas Emissions- und 3.500 9/26/2019 EUR 68.430
Commerzbank AG 7.000 11/23/2018 EUR 73.010
Commerzbank AG 8.500 7/27/2018 EUR 35.370
Commerzbank AG 12.000 9/28/2018 EUR 67.680
Commerzbank AG 15.750 7/27/2018 EUR 72.860
Vontobel Financial Product 9.200 12/14/2018 EUR 71.040
Vontobel Financial Product 11.600 12/14/2018 EUR 71.900
Vontobel Financial Product 15.550 1/2/2019 EUR 65.360
Vontobel Financial Product 12.550 9/28/2018 EUR 68.530
Vontobel Financial Product 12.500 1/2/2019 EUR 68.520
Vontobel Financial Product 3.950 3/8/2019 EUR 63.940
DZ Bank AG Deutsche Zentra 6.250 6/22/2018 EUR 53.150
DZ Bank AG Deutsche Zentra 6.250 6/22/2018 EUR 74.210
Vontobel Financial Product 5.500 6/22/2018 EUR 48.160
Commerzbank AG 7.000 8/24/2018 EUR 61.420
Commerzbank AG 8.000 9/28/2018 EUR 67.850
Commerzbank AG 6.500 1/2/2019 EUR 69.140
Commerzbank AG 4.000 7/27/2018 EUR 68.160
Commerzbank AG 3.750 10/26/2018 EUR 69.600
Commerzbank AG 12.250 7/27/2018 EUR 65.400
Leonteq Securities AG/Guer 11.000 9/12/2018 USD 48.580
DZ Bank AG Deutsche Zentra 8.500 6/22/2018 EUR 44.420
Vontobel Financial Product 9.000 8/24/2018 EUR 61.850
EFG International Finance 10.400 1/24/2019 EUR 72.550
Vontobel Financial Product 7.550 1/2/2019 EUR 73.190
Vontobel Financial Product 9.500 6/22/2018 EUR 61.940
Vontobel Financial Product 10.000 6/22/2018 EUR 59.710
Vontobel Financial Product 7.500 6/22/2018 EUR 73.200
UniCredit Bank AG 10.400 6/22/2018 EUR 50.590
UniCredit Bank AG 8.100 6/22/2018 EUR 54.760
UniCredit Bank AG 6.500 6/22/2018 EUR 51.280
UniCredit Bank AG 7.700 6/22/2018 EUR 48.100
UniCredit Bank AG 12.000 6/22/2018 EUR 40.590
HSBC Trinkaus & Burkhardt 8.900 1/25/2019 EUR 65.650
Vontobel Financial Product 10.550 6/22/2018 EUR 64.670
HSBC Trinkaus & Burkhardt 13.100 1/25/2019 EUR 71.140
DZ Bank AG Deutsche Zentra 5.000 9/24/2018 EUR 57.800
HSBC Trinkaus & Burkhardt 5.400 6/22/2018 EUR 74.740
HSBC Trinkaus & Burkhardt 11.900 1/25/2019 EUR 63.880
Commerzbank AG 7.500 11/23/2018 EUR 65.680
Vontobel Financial Product 2.500 1/29/2019 EUR 66.950
Commerzbank AG 13.000 7/27/2018 EUR 73.980
Commerzbank AG 15.500 1/2/2019 EUR 59.330
Commerzbank AG 12.500 7/27/2018 EUR 60.730
Commerzbank AG 10.500 1/2/2019 EUR 65.020
Vontobel Financial Product 11.000 6/22/2018 EUR 54.380
UBS AG/London 9.300 9/27/2018 EUR 71.210
Deutsche Bank AG 10.000 9/25/2018 EUR 74.900
Deutsche Bank AG 10.000 12/27/2018 EUR 66.700
Landesbank Baden-Wuerttemb 4.500 1/4/2019 EUR 73.870
UniCredit Bank AG 10.800 6/22/2018 EUR 74.320
Vontobel Financial Product 8.500 6/22/2018 EUR 62.330
UniCredit Bank AG 13.900 6/22/2018 EUR 72.990
UniCredit Bank AG 13.600 6/22/2018 EUR 38.600
UniCredit Bank AG 9.100 6/22/2018 EUR 45.300
HSBC Trinkaus & Burkhardt 4.300 8/24/2018 EUR 69.510
HSBC Trinkaus & Burkhardt 12.600 1/25/2019 EUR 63.410
DZ Bank AG Deutsche Zentra 6.100 9/24/2018 EUR 63.590
DZ Bank AG Deutsche Zentra 7.900 9/24/2018 EUR 60.260
Vontobel Financial Product 8.500 6/22/2018 EUR 67.470
HSBC Trinkaus & Burkhardt 10.500 9/28/2018 EUR 74.220
Vontobel Financial Product 6.500 6/22/2018 EUR 70.470
HSBC Trinkaus & Burkhardt 14.700 1/25/2019 EUR 62.830
HSBC Trinkaus & Burkhardt 7.100 1/25/2019 EUR 71.650
HSBC Trinkaus & Burkhardt 17.800 6/22/2018 EUR 61.750
Vontobel Financial Product 9.000 9/28/2018 EUR 74.970
Vontobel Financial Product 13.000 6/22/2018 EUR 73.530
Leonteq Securities AG/Guer 11.200 5/8/2019 CHF 69.090
HSBC Trinkaus & Burkhardt 6.200 6/22/2018 EUR 72.000
HSBC Trinkaus & Burkhardt 4.600 3/22/2019 EUR 69.170
HSBC Trinkaus & Burkhardt 4.200 1/25/2019 EUR 70.770
DZ Bank AG Deutsche Zentra 5.000 9/24/2018 EUR 67.070
Commerzbank AG 11.500 7/27/2018 EUR 37.080
HSBC Trinkaus & Burkhardt 12.900 1/25/2019 EUR 73.010
HSBC Trinkaus & Burkhardt 11.100 1/25/2019 EUR 65.750
HSBC Trinkaus & Burkhardt 13.100 9/28/2018 EUR 61.410
Commerzbank AG 6.000 7/27/2018 EUR 63.210
Vontobel Financial Product 10.000 9/28/2018 EUR 73.400
DZ Bank AG Deutsche Zentra 5.750 6/22/2018 EUR 64.850
Vontobel Financial Product 7.000 6/22/2018 EUR 66.120
Commerzbank AG 5.000 1/2/2019 EUR 62.850
Commerzbank AG 10.500 8/24/2018 EUR 68.290
Commerzbank AG 10.750 9/28/2018 EUR 67.440
DZ Bank AG Deutsche Zentra 7.500 1/2/2019 EUR 65.080
Bank Julius Baer & Co Ltd/ 10.200 11/15/2018 CHF 57.850
UniCredit Bank AG 9.400 6/22/2018 EUR 66.040
UniCredit Bank AG 11.400 6/22/2018 EUR 62.940
HSBC Trinkaus & Burkhardt 6.200 9/28/2018 EUR 67.400
HSBC Trinkaus & Burkhardt 4.800 9/28/2018 EUR 68.020
Commerzbank AG 5.750 10/26/2018 EUR 67.520
Commerzbank AG 10.000 7/27/2018 EUR 73.470
Commerzbank AG 12.750 10/26/2018 EUR 71.360
Leonteq Securities AG/Guer 11.000 2/18/2019 CHF 73.820
Vontobel Financial Product 7.000 6/22/2018 EUR 54.210
Vontobel Financial Product 10.500 6/22/2018 EUR 62.650
Vontobel Financial Product 9.500 6/22/2018 EUR 54.090
DZ Bank AG Deutsche Zentra 5.000 6/22/2018 EUR 1.630
UBS AG/London 3.200 9/27/2018 EUR 73.740
UBS AG/London 5.600 1/3/2019 EUR 70.600
Vontobel Financial Product 6.000 6/22/2018 EUR 70.740
UBS AG/London 7.100 3/28/2019 EUR 64.690
UBS AG/London 7.300 1/3/2019 EUR 67.190
UBS AG/London 5.000 3/28/2019 EUR 71.140
Vontobel Financial Product 12.000 6/22/2018 EUR 56.220
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 69.710
Vontobel Financial Product 5.000 9/28/2018 EUR 68.660
Vontobel Financial Product 6.000 6/22/2018 EUR 65.680
Vontobel Financial Product 4.000 9/28/2018 EUR 70.370
Vontobel Financial Product 6.500 6/22/2018 EUR 75.000
UniCredit Bank AG 4.400 6/22/2018 EUR 65.650
UniCredit Bank AG 13.600 6/22/2018 EUR 60.120
UniCredit Bank AG 10.500 6/22/2018 EUR 42.810
UniCredit Bank AG 7.500 6/22/2018 EUR 69.480
HSBC Trinkaus & Burkhardt 9.300 12/28/2018 EUR 65.210
Vontobel Financial Product 4.500 6/22/2018 EUR 73.810
HSBC Trinkaus & Burkhardt 7.300 12/28/2018 EUR 66.600
HSBC Trinkaus & Burkhardt 5.100 12/28/2018 EUR 68.850
Vontobel Financial Product 11.000 6/22/2018 EUR 62.250
Vontobel Financial Product 2.000 6/22/2018 EUR 53.830
Vontobel Financial Product 5.500 6/22/2018 EUR 68.580
BNP Paribas Emissions- und 7.000 1/24/2019 EUR 67.040
Vontobel Financial Product 7.500 9/28/2018 EUR 68.560
Landesbank Baden-Wuerttemb 4.500 11/23/2018 EUR 69.430
Deutsche Bank AG 10.000 12/27/2018 EUR 57.700
Raiffeisen Centrobank AG 9.304 9/25/2018 EUR 70.960
Vontobel Financial Product 8.500 9/28/2018 EUR 62.680
Commerzbank AG 12.750 9/28/2018 EUR 72.400
Vontobel Financial Product 7.000 9/28/2018 EUR 74.200
Vontobel Financial Product 4.000 6/22/2018 EUR 69.420
Vontobel Financial Product 5.000 6/22/2018 EUR 67.500
UniCredit Bank AG 3.200 6/22/2018 EUR 72.920
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 74.970
UniCredit Bank AG 4.200 6/22/2018 EUR 59.130
UniCredit Bank AG 5.800 6/22/2018 EUR 73.300
UniCredit Bank AG 5.300 6/22/2018 EUR 54.930
HSBC Trinkaus & Burkhardt 3.200 9/28/2018 EUR 72.740
HSBC Trinkaus & Burkhardt 4.300 10/26/2018 EUR 70.090
DZ Bank AG Deutsche Zentra 8.250 9/24/2018 EUR 58.570
DZ Bank AG Deutsche Zentra 6.750 9/24/2018 EUR 58.220
HSBC Trinkaus & Burkhardt 7.000 1/25/2019 EUR 66.900
Deutsche Bank AG 6.200 7/25/2018 EUR 63.700
Deutsche Bank AG 6.200 8/22/2018 EUR 66.300
Deutsche Bank AG 6.200 10/24/2018 EUR 69.600
Deutsche Bank AG 6.200 10/24/2018 EUR 63.100
Deutsche Bank AG 2.700 9/25/2018 EUR 68.300
Deutsche Bank AG 2.700 12/27/2018 EUR 68.700
Deutsche Bank AG 2.700 12/27/2018 EUR 60.500
UBS AG/London 9.300 1/3/2019 EUR 64.300
Vontobel Financial Product 5.000 6/22/2018 EUR 73.450
Vontobel Financial Product 6.500 6/22/2018 EUR 68.220
EFG International Finance 8.400 8/23/2018 USD 55.130
Vontobel Financial Product 7.500 6/22/2018 EUR 65.870
Vontobel Financial Product 8.500 6/22/2018 EUR 64.000
Commerzbank AG 23.500 8/24/2018 EUR 57.060
Vontobel Financial Product 6.550 9/28/2018 EUR 65.420
UniCredit Bank AG 6.100 6/22/2018 EUR 59.700
UniCredit Bank AG 14.200 6/22/2018 EUR 70.310
UniCredit Bank AG 13.100 6/22/2018 EUR 47.030
Vontobel Financial Product 7.500 8/24/2018 EUR 68.260
HSBC Trinkaus & Burkhardt 11.800 6/22/2018 EUR 40.670
HSBC Trinkaus & Burkhardt 6.300 6/22/2018 EUR 51.400
HSBC Trinkaus & Burkhardt 9.800 6/22/2018 EUR 69.610
Raiffeisen Schweiz Genosse 6.000 5/9/2019 CHF 74.720
Commerzbank AG 25.000 7/27/2018 EUR 56.290
Deutsche Bank AG 5.500 9/25/2018 EUR 69.000
Deutsche Bank AG 5.500 9/25/2018 EUR 64.500
DZ Bank AG Deutsche Zentra 6.900 9/24/2018 EUR 67.640
UniCredit Bank AG 14.300 6/22/2018 EUR 55.780
Vontobel Financial Product 12.000 6/22/2018 EUR 74.930
Deutsche Bank AG 6.200 10/24/2018 EUR 69.100
Commerzbank AG 16.000 7/27/2018 EUR 70.060
Commerzbank AG 13.750 9/28/2018 EUR 72.400
Commerzbank AG 5.250 11/23/2018 EUR 69.890
Deutsche Bank AG 5.500 12/27/2018 EUR 70.700
Deutsche Bank AG 6.200 8/22/2018 EUR 62.100
Deutsche Bank AG 6.200 10/24/2018 EUR 61.200
Vontobel Financial Product 14.000 6/22/2018 EUR 56.360
Vontobel Financial Product 11.000 6/22/2018 EUR 63.300
Commerzbank AG 8.750 7/27/2018 EUR 68.630
Commerzbank AG 10.750 7/27/2018 EUR 63.050
Commerzbank AG 11.750 7/27/2018 EUR 61.460
Commerzbank AG 3.750 7/27/2018 EUR 60.570
Commerzbank AG 5.750 7/27/2018 EUR 50.920
Vontobel Financial Product 10.500 7/27/2018 EUR 60.130
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 62.570
Goldman Sachs & Co Wertpap 21.000 7/25/2018 EUR 65.290
Goldman Sachs & Co Wertpap 16.000 12/28/2018 EUR 71.500
Goldman Sachs & Co Wertpap 19.000 7/25/2018 EUR 70.060
Goldman Sachs & Co Wertpap 25.000 7/25/2018 EUR 64.730
Goldman Sachs & Co Wertpap 18.000 8/22/2018 EUR 71.250
Goldman Sachs & Co Wertpap 24.000 8/22/2018 EUR 66.430
Goldman Sachs & Co Wertpap 20.000 7/25/2018 EUR 70.710
Goldman Sachs & Co Wertpap 19.000 8/22/2018 EUR 72.210
Leonteq Securities AG/Guer 11.000 11/26/2018 EUR 60.890
Vontobel Financial Product 12.700 9/14/2018 EUR 60.160
DZ Bank AG Deutsche Zentra 5.600 6/22/2018 EUR 65.960
Commerzbank AG 11.250 10/26/2018 EUR 70.340
Bank Julius Baer & Co Ltd/ 7.000 8/3/2018 CHF 50.350
Deutsche Bank AG 4.200 9/25/2018 EUR 56.800
Deutsche Bank AG 4.200 9/25/2018 EUR 53.700
Vontobel Financial Product 12.950 9/21/2018 EUR 68.940
DZ Bank AG Deutsche Zentra 7.500 6/22/2018 EUR 71.140
DZ Bank AG Deutsche Zentra 6.700 6/22/2018 EUR 62.910
Vontobel Financial Product 12.000 12/14/2018 EUR 70.450
DZ Bank AG Deutsche Zentra 4.600 6/22/2018 EUR 65.330
Vontobel Financial Product 9.500 1/2/2019 EUR 62.140
Bank Julius Baer & Co Ltd/ 10.200 2/19/2019 USD 66.350
Commerzbank AG 10.000 11/23/2018 EUR 71.950
Vontobel Financial Product 8.500 6/22/2018 EUR 73.050
UniCredit Bank AG 12.600 6/22/2018 EUR 70.820
UniCredit Bank AG 13.700 6/22/2018 EUR 69.190
UniCredit Bank AG 14.900 6/22/2018 EUR 70.910
UniCredit Bank AG 14.100 6/22/2018 EUR 72.250
UniCredit Bank AG 4.900 6/22/2018 EUR 70.720
UniCredit Bank AG 11.000 6/22/2018 EUR 58.900
UniCredit Bank AG 14.400 6/22/2018 EUR 68.880
UniCredit Bank AG 14.500 6/22/2018 EUR 54.250
UniCredit Bank AG 4.800 6/22/2018 EUR 56.950
UniCredit Bank AG 12.200 6/22/2018 EUR 41.700
UniCredit Bank AG 7.600 6/22/2018 EUR 67.700
UniCredit Bank AG 5.600 6/22/2018 EUR 62.540
UniCredit Bank AG 13.000 6/22/2018 EUR 70.380
UniCredit Bank AG 11.800 6/22/2018 EUR 71.850
UniCredit Bank AG 14.900 6/22/2018 EUR 69.360
UniCredit Bank AG 9.900 6/22/2018 EUR 52.600
Vontobel Financial Product 9.500 6/22/2018 EUR 73.830
HSBC Trinkaus & Burkhardt 12.300 9/28/2018 EUR 37.270
HSBC Trinkaus & Burkhardt 11.100 9/28/2018 EUR 38.700
UBS AG/London 17.000 6/28/2018 EUR 53.700
HSBC Trinkaus & Burkhardt 8.800 9/28/2018 EUR 71.860
Vontobel Financial Product 9.250 9/14/2018 EUR 74.520
HSBC Trinkaus & Burkhardt 9.600 9/28/2018 EUR 60.040
DZ Bank AG Deutsche Zentra 10.750 6/22/2018 EUR 64.700
First Mortgage Co Universa 6.500 12/12/2019 USD 25.044
Deutsche Bank AG 6.200 9/25/2018 EUR 60.800
Deutsche Bank AG 6.200 9/25/2018 EUR 57.300
Deutsche Bank AG 4.200 12/27/2018 EUR 61.300
Vontobel Financial Product 14.700 9/14/2018 EUR 74.380
Landesbank Baden-Wuerttemb 6.000 1/24/2020 EUR 70.890
HSBC Trinkaus & Burkhardt 7.600 6/22/2018 EUR 48.210
Deutsche Bank AG 4.200 12/27/2018 EUR 54.700
Deutsche Bank AG 6.200 9/25/2018 EUR 54.200
Leonteq Securities AG/Guer 10.000 1/3/2020 CHF 71.920
Vontobel Financial Product 13.600 12/14/2018 EUR 60.380
DZ Bank AG Deutsche Zentra 7.700 6/22/2018 EUR 60.000
DZ Bank AG Deutsche Zentra 4.800 6/22/2018 EUR 71.900
HSBC Trinkaus & Burkhardt 6.200 12/28/2018 EUR 68.460
HSBC Trinkaus & Burkhardt 6.400 8/24/2018 EUR 66.520
HSBC Trinkaus & Burkhardt 5.800 9/28/2018 EUR 49.620
HSBC Trinkaus & Burkhardt 9.000 8/24/2018 EUR 42.540
HSBC Trinkaus & Burkhardt 8.800 9/28/2018 EUR 70.540
UBS AG/London 11.300 6/28/2018 EUR 60.240
HSBC Trinkaus & Burkhardt 2.800 6/22/2018 EUR 71.800
HSBC Trinkaus & Burkhardt 7.000 12/28/2018 EUR 66.730
Deutsche Bank AG 4.200 9/25/2018 EUR 62.800
Deutsche Bank AG 4.200 12/27/2018 EUR 60.700
Vontobel Financial Product 4.350 9/14/2018 EUR 61.280
HSBC Trinkaus & Burkhardt 6.400 9/28/2018 EUR 63.940
Vontobel Financial Product 13.300 9/14/2018 EUR 68.810
HSBC Trinkaus & Burkhardt 5.300 12/28/2018 EUR 72.660
HSBC Trinkaus & Burkhardt 9.500 6/22/2018 EUR 60.720
EFG International Finance 10.000 8/16/2018 EUR 68.120
Landesbank Baden-Wuerttemb 7.000 6/22/2018 EUR 60.150
EFG International Finance 8.000 5/26/2020 USD 60.510
BNP Paribas Emissions- und 5.500 12/31/2018 EUR 64.890
Deutsche Bank AG 6.200 12/27/2018 EUR 58.800
Deutsche Bank AG 6.200 12/27/2018 EUR 62.300
Vontobel Financial Product 10.700 9/14/2018 EUR 67.110
DZ Bank AG Deutsche Zentra 8.600 6/22/2018 EUR 58.070
Vontobel Financial Product 10.750 12/14/2018 EUR 69.860
UniCredit Bank AG 13.300 6/22/2018 EUR 73.650
UniCredit Bank AG 6.000 6/22/2018 EUR 73.460
UniCredit Bank AG 8.200 6/22/2018 EUR 66.040
UniCredit Bank AG 13.400 6/22/2018 EUR 74.670
UniCredit Bank AG 14.300 6/22/2018 EUR 54.990
UniCredit Bank AG 9.900 6/22/2018 EUR 61.880
UniCredit Bank AG 7.400 6/22/2018 EUR 68.340
DZ Bank AG Deutsche Zentra 4.500 6/22/2018 EUR 74.600
UniCredit Bank AG 14.600 6/22/2018 EUR 74.970
UniCredit Bank AG 9.600 6/22/2018 EUR 75.000
UBS AG/London 6.300 3/28/2019 EUR 72.150
HSBC Trinkaus & Burkhardt 10.850 6/22/2018 EUR 57.370
HSBC Trinkaus & Burkhardt 4.200 12/28/2018 EUR 73.420
HSBC Trinkaus & Burkhardt 7.800 9/28/2018 EUR 75.030
Commerzbank AG 19.250 1/25/2019 EUR 71.490
DZ Bank AG Deutsche Zentra 9.500 9/26/2018 EUR 65.530
DZ Bank AG Deutsche Zentra 8.750 12/28/2018 EUR 69.850
UniCredit Bank AG 8.500 1/4/2019 EUR 72.630
UniCredit Bank AG 11.100 1/4/2019 EUR 74.530
UniCredit Bank AG 10.500 1/3/2020 EUR 71.450
UniCredit Bank AG 10.700 3/22/2019 EUR 69.170
UniCredit Bank AG 9.700 3/22/2019 EUR 75.690
UniCredit Bank AG 13.400 9/28/2018 EUR 72.210
UniCredit Bank AG 9.500 9/28/2018 EUR 70.890
UniCredit Bank AG 7.400 6/28/2019 EUR 73.140
UniCredit Bank AG 11.300 6/28/2019 EUR 69.920
BNP Paribas Emissions- und 18.000 12/31/2018 EUR 71.150
BNP Paribas Emissions- und 22.000 12/31/2018 EUR 68.410
BNP Paribas Emissions- und 16.000 12/31/2018 EUR 70.710
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 70.910
BNP Paribas Emissions- und 19.000 9/27/2018 EUR 69.840
BNP Paribas Emissions- und 23.000 9/27/2018 EUR 75.470
BNP Paribas Emissions- und 24.000 9/27/2018 EUR 68.670
BNP Paribas Emissions- und 28.000 9/27/2018 EUR 64.700
BNP Paribas Emissions- und 17.000 12/31/2018 EUR 72.050
Citigroup Global Markets F 13.600 1/25/2023 SEK 71.880
Commerzbank AG 15.750 2/22/2019 EUR 70.810
Commerzbank AG 17.750 2/22/2019 EUR 69.040
SG Issuer SA 11.350 3/26/2019 EUR 66.090
Commerzbank AG 11.000 2/22/2019 EUR 72.660
Vontobel Financial Product 4.500 3/22/2019 EUR 49.820
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 70.600
Vontobel Financial Product 10.000 3/22/2019 EUR 72.690
Vontobel Financial Product 11.000 1/2/2019 EUR 71.250
Vontobel Financial Product 13.000 1/2/2019 EUR 69.930
Vontobel Financial Product 15.050 1/2/2019 EUR 68.770
Vontobel Financial Product 13.000 3/22/2019 EUR 70.460
Vontobel Financial Product 11.550 6/28/2019 EUR 71.570
DZ Bank AG Deutsche Zentra 10.750 3/20/2019 EUR 70.530
DZ Bank AG Deutsche Zentra 7.750 9/26/2018 EUR 72.930
DZ Bank AG Deutsche Zentra 9.250 9/26/2018 EUR 69.640
HSBC Trinkaus & Burkhardt 9.300 6/22/2018 EUR 70.440
Vontobel Financial Product 8.000 6/22/2018 EUR 71.510
Vontobel Financial Product 9.000 6/22/2018 EUR 66.900
Vontobel Financial Product 10.500 6/22/2018 EUR 62.990
Vontobel Financial Product 12.000 6/22/2018 EUR 59.470
Raiffeisen Centrobank AG 11.137 12/25/2018 EUR 22.410
Raiffeisen Centrobank AG 6.216 12/25/2018 EUR 69.260
Raiffeisen Centrobank AG 7.252 12/25/2018 EUR 15.120
Raiffeisen Centrobank AG 8.029 12/25/2018 EUR 69.520
Raiffeisen Centrobank AG 2.321 12/28/2018 EUR 60.550
Raiffeisen Centrobank AG 4.126 12/28/2018 EUR 8.770
Raiffeisen Centrobank AG 9.324 12/25/2018 EUR 19.010
Raiffeisen Centrobank AG 3.868 12/28/2018 EUR 59.940
HSBC Trinkaus & Burkhardt 4.020 7/27/2018 EUR 69.930
HSBC Trinkaus & Burkhardt 5.000 8/24/2018 EUR 71.980
Landesbank Hessen-Thuering 4.350 2/24/2023 EUR 63.010
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 63.090
BNP Paribas Emissions- und 9.500 12/31/2018 EUR 61.060
BNP Paribas Emissions- und 4.500 12/31/2018 EUR 71.580
BNP Paribas Emissions- und 5.000 12/31/2018 EUR 69.890
Vontobel Financial Product 8.000 12/7/2018 EUR 69.700
HSBC Trinkaus & Burkhardt 9.100 6/22/2018 EUR 68.240
DekaBank Deutsche Girozent 3.000 11/30/2018 EUR 74.440
Landesbank Baden-Wuerttemb 9.000 7/27/2018 EUR 67.030
Landesbank Baden-Wuerttemb 4.000 7/27/2018 EUR 73.380
Landesbank Baden-Wuerttemb 4.000 7/27/2018 EUR 72.960
Landesbank Baden-Wuerttemb 5.000 7/27/2018 EUR 70.410
Vontobel Financial Product 14.500 6/22/2018 EUR 72.970
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 70.370
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 62.240
Vontobel Financial Product 10.500 6/22/2018 EUR 73.070
BNP Paribas Emissions- und 4.000 12/31/2018 EUR 60.930
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 61.960
EFG International Finance 8.500 2/27/2019 USD 50.210
Bank Julius Baer & Co Ltd/ 9.400 10/11/2018 USD 54.500
EFG International Finance 7.200 10/26/2020 USD 72.850
EFG International Finance 11.000 10/25/2018 CHF 40.960
Raiffeisen Centrobank AG 8.571 12/27/2019 EUR 20.570
Raiffeisen Centrobank AG 6.429 12/27/2019 EUR 16.020
UBS AG/London 12.500 10/11/2018 CHF 57.900
UBS AG/London 7.000 10/12/2018 USD 53.300
Raiffeisen Switzerland BV 11.400 4/12/2019 CHF 66.880
Leonteq Securities AG/Guer 12.000 1/23/2019 CHF 70.860
HSBC Trinkaus & Burkhardt 4.300 12/28/2018 EUR 44.830
HSBC Trinkaus & Burkhardt 3.100 12/28/2018 EUR 51.810
HSBC Trinkaus & Burkhardt 6.200 6/28/2019 EUR 43.140
HSBC Trinkaus & Burkhardt 4.400 6/28/2019 EUR 49.290
HSBC Trinkaus & Burkhardt 3.700 6/28/2019 EUR 55.090
HSBC Trinkaus & Burkhardt 9.300 6/22/2018 EUR 71.310
HSBC Trinkaus & Burkhardt 6.900 6/22/2018 EUR 71.310
HSBC Trinkaus & Burkhardt 9.200 9/28/2018 EUR 38.940
Raiffeisen Schweiz Genosse 10.000 10/23/2018 CHF 73.060
Credit Suisse AG/London 8.000 10/22/2018 USD 57.240
Bank Julius Baer & Co Ltd/ 9.250 10/12/2018 USD 54.900
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 45.390
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 38.290
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 37.140
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 44.010
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 65.890
BNP Paribas Emissions- und 11.000 9/27/2018 EUR 64.910
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 63.390
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 70.160
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 63.250
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 72.150
BNP Paribas Emissions- und 4.500 9/27/2018 EUR 73.100
BNP Paribas Emissions- und 8.000 9/27/2018 EUR 68.710
BNP Paribas Emissions- und 9.500 9/27/2018 EUR 67.050
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 71.810
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 66.470
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 62.320
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 58.860
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 73.170
BNP Paribas Emissions- und 14.000 12/31/2018 EUR 62.040
BNP Paribas Emissions- und 5.000 12/31/2018 EUR 73.360
BNP Paribas Emissions- und 5.500 12/31/2018 EUR 72.110
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 68.420
BNP Paribas Emissions- und 9.500 12/31/2018 EUR 67.440
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 73.400
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 73.410
Commerzbank AG 3.000 7/27/2018 EUR 54.220
Commerzbank AG 17.750 7/27/2018 EUR 73.780
Commerzbank AG 16.750 8/24/2018 EUR 74.640
Zurcher Kantonalbank Finan 5.250 10/24/2018 CHF 60.490
DZ Bank AG Deutsche Zentra 8.250 6/22/2018 EUR 60.850
DZ Bank AG Deutsche Zentra 6.500 6/22/2018 EUR 60.830
DZ Bank AG Deutsche Zentra 6.500 9/28/2018 EUR 63.370
DZ Bank AG Deutsche Zentra 6.750 1/2/2019 EUR 69.230
DZ Bank AG Deutsche Zentra 7.300 10/24/2018 EUR 72.970
DZ Bank AG Deutsche Zentra 10.500 1/2/2019 EUR 72.490
DZ Bank AG Deutsche Zentra 5.500 10/26/2018 EUR 3.870
Credit Suisse AG/Nassau 8.000 10/25/2018 USD 66.260
UniCredit Bank AG 13.000 1/4/2019 EUR 73.960
UniCredit Bank AG 14.000 1/4/2019 EUR 73.170
UniCredit Bank AG 14.500 9/28/2018 EUR 62.910
UniCredit Bank AG 14.900 1/4/2019 EUR 65.490
UniCredit Bank AG 10.300 9/28/2018 EUR 69.450
UniCredit Bank AG 12.600 9/28/2018 EUR 66.560
UniCredit Bank AG 14.900 6/22/2018 EUR 74.240
UniCredit Bank AG 13.300 1/4/2019 EUR 72.280
UniCredit Bank AG 14.900 1/4/2019 EUR 72.350
UniCredit Bank AG 13.200 9/28/2018 EUR 71.950
UniCredit Bank AG 10.600 1/3/2020 EUR 72.230
UniCredit Bank AG 14.500 6/28/2019 EUR 65.860
UniCredit Bank AG 10.400 6/28/2019 EUR 71.500
UniCredit Bank AG 11.000 1/3/2020 EUR 75.340
UniCredit Bank AG 12.400 1/3/2020 EUR 74.580
UniCredit Bank AG 11.800 1/3/2020 EUR 67.540
UniCredit Bank AG 5.000 1/3/2020 EUR 10.550
UniCredit Bank AG 8.900 6/28/2019 EUR 74.850
UniCredit Bank AG 13.700 1/3/2020 EUR 68.670
UniCredit Bank AG 12.200 1/3/2020 EUR 71.900
UniCredit Bank AG 11.600 1/3/2020 EUR 48.070
UniCredit Bank AG 5.800 1/3/2020 EUR 51.760
UniCredit Bank AG 9.600 1/3/2020 EUR 72.240
UniCredit Bank AG 4.300 1/3/2020 EUR 55.010
UniCredit Bank AG 10.800 6/28/2019 EUR 73.010
UniCredit Bank AG 8.900 6/28/2019 EUR 72.230
UniCredit Bank AG 13.300 6/28/2019 EUR 70.160
UniCredit Bank AG 14.200 6/28/2019 EUR 63.480
UniCredit Bank AG 9.900 1/3/2020 EUR 48.250
UniCredit Bank AG 11.600 1/3/2020 EUR 70.560
UniCredit Bank AG 3.100 1/3/2020 EUR 59.960
UniCredit Bank AG 10.200 1/3/2020 EUR 69.430
UniCredit Bank AG 3.400 6/28/2019 EUR 59.770
UniCredit Bank AG 6.300 6/28/2019 EUR 49.670
UniCredit Bank AG 11.300 6/28/2019 EUR 44.620
UniCredit Bank AG 9.200 6/28/2019 EUR 45.930
UniCredit Bank AG 8.700 6/28/2019 EUR 75.060
UniCredit Bank AG 13.100 6/28/2019 EUR 71.760
UniCredit Bank AG 15.000 6/28/2019 EUR 70.560
UniCredit Bank AG 11.900 6/28/2019 EUR 65.560
UniCredit Bank AG 8.700 6/28/2019 EUR 70.530
UniCredit Bank AG 13.200 6/28/2019 EUR 15.390
Landesbank Baden-Wuerttemb 7.000 10/26/2018 EUR 72.430
Vontobel Financial Product 9.000 9/28/2018 EUR 38.860
Vontobel Financial Product 11.000 9/28/2018 EUR 37.540
Vontobel Financial Product 14.550 1/2/2019 EUR 72.390
Vontobel Financial Product 10.000 1/2/2019 EUR 70.290
Vontobel Financial Product 12.500 1/2/2019 EUR 67.440
Vontobel Financial Product 2.500 1/2/2019 EUR 50.750
Vontobel Financial Product 3.000 1/2/2019 EUR 47.940
Vontobel Financial Product 4.000 1/2/2019 EUR 45.440
Vontobel Financial Product 6.000 1/2/2019 EUR 42.770
Vontobel Financial Product 8.000 1/2/2019 EUR 40.680
Vontobel Financial Product 9.550 1/2/2019 EUR 39.650
Bank Julius Baer & Co Ltd/ 5.950 1/24/2019 CHF 71.450
Leonteq Securities AG/Guer 10.000 1/30/2019 CHF 58.920
Raiffeisen Schweiz Genosse 10.250 10/30/2018 CHF 57.080
Vontobel Financial Product 14.000 9/28/2018 EUR 71.090
Vontobel Financial Product 10.550 10/26/2018 EUR 70.090
Vontobel Financial Product 8.000 10/26/2018 EUR 70.290
Zurcher Kantonalbank Finan 8.000 10/31/2019 CHF 60.640
Bank Julius Baer & Co Ltd/ 10.000 10/24/2018 USD 57.900
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 62.820
BNP Paribas Emissions- und 18.000 9/27/2018 EUR 59.360
BNP Paribas Emissions- und 13.000 12/31/2018 EUR 65.680
Zurcher Kantonalbank Finan 4.500 11/2/2018 CHF 55.040
Credit Suisse AG/London 5.150 12/7/2018 EUR 73.520
Commerzbank AG 1.000 11/2/2020 USD #N/A N/A
UBS AG/London 7.300 6/22/2018 EUR 70.910
Leonteq Securities AG 9.000 3/27/2020 USD 56.900
HSBC Trinkaus & Burkhardt 8.000 6/22/2018 EUR 67.640
HSBC Trinkaus & Burkhardt 4.800 9/28/2018 EUR 72.570
HSBC Trinkaus & Burkhardt 8.000 6/22/2018 EUR 37.650
HSBC Trinkaus & Burkhardt 5.700 6/22/2018 EUR 42.850
HSBC Trinkaus & Burkhardt 12.000 6/22/2018 EUR 62.240
HSBC Trinkaus & Burkhardt 8.300 9/28/2018 EUR 70.650
HSBC Trinkaus & Burkhardt 7.700 6/22/2018 EUR 64.290
HSBC Trinkaus & Burkhardt 5.800 6/22/2018 EUR 67.860
HSBC Trinkaus & Burkhardt 5.200 6/22/2018 EUR 67.520
HSBC Trinkaus & Burkhardt 3.000 6/22/2018 EUR 74.220
HSBC Trinkaus & Burkhardt 11.700 6/22/2018 EUR 32.220
HSBC Trinkaus & Burkhardt 10.500 6/22/2018 EUR 33.600
Koncessii Teplosnabzheniya 9.250 4/6/2032 RUB 63.000
Vontobel Financial Product 11.500 6/22/2018 EUR 73.080
UniCredit Bank AG 5.200 5/4/2020 USD 54.020
Commerzbank AG 12.500 3/22/2019 EUR 69.640
Commerzbank AG 14.500 3/22/2019 EUR 67.530
Leonteq Securities AG/Guer 18.000 4/9/2019 USD 60.610
HSBC Trinkaus & Burkhardt 9.200 1/25/2019 EUR 70.280
Credit Suisse AG/London 11.900 3/31/2020 USD 10.130
Goldman Sachs & Co Wertpap 12.000 12/28/2018 EUR 72.990
Landesbank Hessen-Thuering 4.000 2/17/2021 EUR 67.340
DekaBank Deutsche Girozent 3.100 1/10/2020 EUR 65.530
Commerzbank AG 13.750 10/26/2018 EUR 67.380
Vontobel Financial Product 9.050 3/8/2019 EUR 71.040
Vontobel Financial Product 10.200 3/8/2019 EUR 59.480
EFG International Finance 7.400 9/13/2019 USD 60.910
Raiffeisen Schweiz Genosse 7.780 8/31/2018 USD 54.340
HSBC Trinkaus & Burkhardt 3.400 6/22/2018 EUR 57.060
HSBC Trinkaus & Burkhardt 8.700 12/28/2018 EUR 44.280
HSBC Trinkaus & Burkhardt 7.600 10/26/2018 EUR 44.850
Bank Julius Baer & Co Ltd/ 11.500 10/10/2018 USD 54.400
HSBC Trinkaus & Burkhardt 6.300 3/22/2019 EUR 65.390
HSBC Trinkaus & Burkhardt 2.400 6/28/2019 EUR 73.270
UBS AG/London 5.600 3/21/2019 EUR 71.610
UBS AG/London 5.900 1/3/2019 EUR 70.850
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 35.420
Leonteq Securities AG/Guer 10.200 10/24/2018 USD 52.660
Deutsche Bank AG 6.200 9/25/2018 EUR 74.100
UBS AG/London 6.300 9/26/2019 EUR 73.900
Commerzbank AG 14.000 6/22/2018 EUR 38.450
Deutsche Bank AG 4.200 9/25/2018 EUR 71.100
Deutsche Bank AG 3.200 9/25/2018 EUR 66.100
Deutsche Bank AG 3.200 12/27/2018 EUR 71.400
BNP Paribas Emissions- und 3.500 9/27/2018 EUR 73.760
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 34.390
Deutsche Bank AG 4.200 12/27/2018 EUR 67.300
UBS AG/London 7.800 3/28/2019 EUR 69.110
Goldman Sachs & Co Wertpap 19.000 7/25/2018 EUR 70.750
Vontobel Financial Product 14.550 6/22/2018 EUR 72.880
Deutsche Bank AG 3.200 12/27/2018 EUR 64.600
UBS AG/London 12.900 1/3/2019 EUR 66.230
UBS AG/London 5.900 3/28/2019 EUR 71.830
Deutsche Bank AG 4.200 9/25/2018 EUR 64.200
Commerzbank AG 5.000 12/21/2018 EUR 67.190
HSBC Trinkaus & Burkhardt 5.800 9/28/2018 EUR 48.020
BNP Paribas Emissions- und 7.400 7/26/2018 EUR 58.640
UBS AG/London 6.400 6/27/2019 EUR 72.780
UBS AG/London 9.200 1/3/2019 EUR 68.490
Zurcher Kantonalbank Finan 7.500 7/6/2018 CHF 54.640
Commerzbank AG 11.250 11/23/2018 EUR 70.500
HSBC Trinkaus & Burkhardt 3.000 6/22/2018 EUR 66.500
HSBC Trinkaus & Burkhardt 12.200 9/28/2018 EUR 38.090
HSBC Trinkaus & Burkhardt 7.400 12/28/2018 EUR 71.280
HSBC Trinkaus & Burkhardt 5.600 9/28/2018 EUR 67.180
DekaBank Deutsche Girozent 3.000 6/27/2018 EUR 32.760
Raiffeisen Centrobank AG 7.930 12/27/2019 EUR 73.250
Goldman Sachs & Co Wertpap 17.000 9/26/2018 EUR 71.220
Deutsche Bank AG 4.200 12/27/2018 EUR 65.100
Deutsche Bank AG 4.200 12/27/2018 EUR 71.900
BNP Paribas Emissions- und 9.500 12/31/2018 EUR 67.400
UBS AG/London 8.000 6/22/2018 EUR 64.210
Landesbank Baden-Wuerttemb 4.000 1/4/2019 EUR 74.500
Landesbank Baden-Wuerttemb 5.000 1/4/2019 EUR 71.260
UniCredit Bank AG 6.900 1/4/2019 EUR 74.000
Landesbank Baden-Wuerttemb 3.000 2/22/2019 EUR 73.220
Landesbank Baden-Wuerttemb 4.000 2/22/2019 EUR 69.990
Deutsche Bank AG 5.200 7/25/2018 EUR 68.100
Vontobel Financial Product 10.000 3/27/2019 EUR 71.010
Deutsche Bank AG 5.200 7/25/2018 EUR 73.900
Deutsche Bank AG 5.200 7/25/2018 EUR 67.600
UBS AG/London 7.700 6/22/2018 EUR 67.700
UniCredit Bank AG 8.400 1/4/2019 EUR 67.610
UniCredit Bank AG 7.700 1/4/2019 EUR 69.370
Vontobel Financial Product 6.000 9/28/2018 EUR 56.230
UBS AG/London 8.300 6/22/2018 EUR 32.270
HSBC Trinkaus & Burkhardt 5.000 6/22/2018 EUR 60.340
Bank J Safra Sarasin AG/Gu 12.100 7/6/2018 CHF 52.010
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 64.110
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 74.040
Raiffeisen Schweiz Genosse 8.800 7/3/2018 CHF 60.900
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 59.300
DZ Bank AG Deutsche Zentra 5.600 6/22/2018 EUR 68.410
HSBC Trinkaus & Burkhardt 6.500 12/28/2018 EUR 73.710
Raiffeisen Schweiz Genosse 10.000 10/3/2018 CHF 68.540
Vontobel Financial Product 5.500 6/22/2018 EUR 72.730
UBS AG/London 6.900 6/22/2018 EUR 59.040
UBS AG/London 10.100 6/22/2018 EUR 64.140
Vontobel Financial Product 8.000 6/22/2018 EUR 71.330
Vontobel Financial Product 9.500 6/22/2018 EUR 67.230
Vontobel Financial Product 12.500 6/22/2018 EUR 59.460
UniCredit Bank AG 10.800 6/22/2018 EUR 63.240
Vontobel Financial Product 8.000 8/24/2018 EUR 62.410
Vontobel Financial Product 6.500 9/28/2018 EUR 69.260
Vontobel Financial Product 10.500 6/22/2018 EUR 61.650
Vontobel Financial Product 5.500 7/27/2018 EUR 73.420
UniCredit Bank AG 7.300 1/4/2019 EUR 70.500
Vontobel Financial Product 9.550 1/2/2019 EUR 64.020
UniCredit Bank AG 8.400 1/4/2019 EUR 47.920
UniCredit Bank AG 10.500 1/4/2019 EUR 68.950
UniCredit Bank AG 11.800 1/4/2019 EUR 66.590
Goldman Sachs & Co Wertpap 10.000 3/20/2019 EUR 63.130
UniCredit Bank AG 9.400 6/22/2018 EUR 66.080
Landesbank Hessen-Thuering 3.300 7/13/2018 EUR 67.700
UniCredit Bank AG 8.100 6/22/2018 EUR 69.200
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 69.520
BNP Paribas Emissions- und 8.000 9/27/2018 EUR 65.280
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 70.720
BNP Paribas Emissions- und 6.000 9/27/2018 EUR 71.990
BNP Paribas Emissions- und 6.500 9/27/2018 EUR 70.600
Vontobel Financial Product 6.000 9/28/2018 EUR 71.630
Vontobel Financial Product 7.500 9/28/2018 EUR 67.190
Vontobel Financial Product 7.000 7/27/2018 EUR 68.340
Vontobel Financial Product 9.000 7/27/2018 EUR 63.990
UniCredit Bank AG 6.800 1/4/2019 EUR 71.060
UniCredit Bank AG 10.100 1/4/2019 EUR 69.250
DZ Bank AG Deutsche Zentra 7.750 7/27/2018 EUR 42.390
Goldman Sachs & Co Wertpap 16.000 9/26/2018 EUR 70.910
Vontobel Financial Product 5.500 6/22/2018 EUR 73.470
UniCredit Bank AG 12.200 1/4/2019 EUR 60.720
UniCredit Bank AG 11.400 1/4/2019 EUR 61.860
UniCredit Bank AG 12.200 1/4/2019 EUR 65.550
DZ Bank AG Deutsche Zentra 8.250 9/28/2018 EUR 56.740
Vontobel Financial Product 14.500 6/22/2018 EUR 66.700
Vontobel Financial Product 10.500 9/28/2018 EUR 61.800
Vontobel Financial Product 11.500 7/27/2018 EUR 60.250
Vontobel Financial Product 6.500 6/22/2018 EUR 70.750
UniCredit Bank AG 9.000 1/4/2019 EUR 66.020
Goldman Sachs & Co Wertpap 6.000 12/28/2018 EUR 73.200
Goldman Sachs & Co Wertpap 7.000 3/20/2019 EUR 71.160
Bank Julius Baer & Co Ltd/ 9.400 7/27/2018 EUR 69.900
Landesbank Baden-Wuerttemb 7.000 6/28/2019 EUR 73.250
UniCredit Bank AG 8.200 1/4/2019 EUR 73.810
Vontobel Financial Product 8.500 9/28/2018 EUR 65.260
Vontobel Financial Product 11.500 9/28/2018 EUR 60.280
Vontobel Financial Product 12.500 9/28/2018 EUR 58.870
Vontobel Financial Product 9.500 6/22/2018 EUR 63.700
Vontobel Financial Product 13.500 6/22/2018 EUR 57.940
UniCredit Bank AG 8.600 1/4/2019 EUR 68.310
Vontobel Financial Product 8.000 1/2/2019 EUR 67.120
UniCredit Bank AG 6.000 1/4/2019 EUR 52.680
UniCredit Bank AG 8.400 1/4/2019 EUR 71.110
DZ Bank AG Deutsche Zentra 5.250 9/28/2018 EUR 68.320
UniCredit Bank AG 9.200 1/4/2019 EUR 71.420
UniCredit Bank AG 12.400 6/22/2018 EUR 60.640
UniCredit Bank AG 14.000 6/22/2018 EUR 58.250
Landesbank Baden-Wuerttemb 2.000 6/28/2019 EUR 72.840
Landesbank Baden-Wuerttemb 4.000 6/28/2019 EUR 66.250
UBS AG/London 9.400 6/22/2018 EUR 53.300
DZ Bank AG Deutsche Zentra 8.250 9/28/2018 EUR 54.900
Zurcher Kantonalbank Finan 3.000 7/22/2019 CHF 54.920
Deutsche Bank AG 7.200 12/27/2018 EUR 65.300
Deutsche Bank AG 5.200 9/25/2018 EUR 64.400
Deutsche Bank AG 5.200 7/25/2018 EUR 73.900
DZ Bank AG Deutsche Zentra 8.500 6/22/2018 EUR 61.830
Commerzbank AG 17.250 8/24/2018 EUR 70.930
Deutsche Bank AG 5.200 9/25/2018 EUR 67.700
Deutsche Bank AG 5.200 12/27/2018 EUR 68.500
Commerzbank AG 14.250 8/24/2018 EUR 69.020
Commerzbank AG 10.750 9/28/2018 EUR 72.290
Commerzbank AG 13.000 11/23/2018 EUR 70.630
DZ Bank AG Deutsche Zentra 4.750 9/24/2018 EUR 54.820
Commerzbank AG 16.250 8/24/2018 EUR 67.740
Commerzbank AG 14.750 9/28/2018 EUR 68.990
Vontobel Financial Product 9.000 6/22/2018 EUR 67.470
Vontobel Financial Product 3.000 1/2/2019 EUR 56.690
Vontobel Financial Product 4.000 6/22/2018 EUR 55.010
Vontobel Financial Product 9.500 6/22/2018 EUR 44.040
Vontobel Financial Product 14.500 6/22/2018 EUR 38.520
Zurcher Kantonalbank Finan 6.000 1/17/2019 USD 54.290
DZ Bank AG Deutsche Zentra 6.100 9/24/2018 EUR 61.590
Vontobel Financial Product 7.500 9/28/2018 EUR 68.380
Vontobel Financial Product 7.000 6/22/2018 EUR 70.520
DZ Bank AG Deutsche Zentra 5.750 6/22/2018 EUR 70.540
DZ Bank AG Deutsche Zentra 8.500 6/22/2018 EUR 70.700
DZ Bank AG Deutsche Zentra 9.500 6/22/2018 EUR 41.360
DZ Bank AG Deutsche Zentra 6.250 9/24/2018 EUR 71.850
Vontobel Financial Product 10.500 9/28/2018 EUR 63.600
Zurcher Kantonalbank Finan 6.750 8/20/2018 USD 45.350
Leonteq Securities AG/Guer 7.000 6/19/2019 USD 52.170
Commerzbank AG 14.750 8/24/2018 EUR 69.910
Vontobel Financial Product 7.000 7/27/2018 EUR 59.680
Vontobel Financial Product 5.500 9/28/2018 EUR 47.700
Vontobel Financial Product 8.500 1/2/2019 EUR 44.070
Vontobel Financial Product 6.500 6/22/2018 EUR 48.140
Vontobel Financial Product 12.500 6/22/2018 EUR 40.530
Vontobel Financial Product 11.000 2/22/2019 EUR 74.020
DZ Bank AG Deutsche Zentra 10.250 6/22/2018 EUR 55.100
Commerzbank AG 12.750 9/28/2018 EUR 70.470
Commerzbank AG 11.750 10/26/2018 EUR 71.520
Commerzbank AG 11.000 11/23/2018 EUR 72.370
Commerzbank AG 12.250 8/24/2018 EUR 70.790
Commerzbank AG 13.750 10/26/2018 EUR 69.910
Vontobel Financial Product 9.000 6/22/2018 EUR 61.970
Vontobel Financial Product 13.500 6/22/2018 EUR 59.200
DZ Bank AG Deutsche Zentra 8.750 6/22/2018 EUR 62.780
Vontobel Financial Product 5.500 1/2/2019 EUR 49.040
Vontobel Financial Product 15.500 1/2/2019 EUR 38.860
Vontobel Financial Product 2.500 6/22/2018 EUR 61.600
DZ Bank AG Deutsche Zentra 8.500 9/28/2018 EUR 58.750
DZ Bank AG Deutsche Zentra 11.000 6/22/2018 EUR 63.730
Vontobel Financial Product 11.000 7/27/2018 EUR 58.130
Vontobel Financial Product 5.000 6/22/2018 EUR 51.340
Vontobel Financial Product 2.550 9/28/2018 EUR 56.000
DZ Bank AG Deutsche Zentra 6.750 7/27/2018 EUR 71.420
Vontobel Financial Product 9.000 9/28/2018 EUR 42.000
DZ Bank AG Deutsche Zentra 11.750 6/22/2018 EUR 73.530
DZ Bank AG Deutsche Zentra 11.000 7/27/2018 EUR 64.690
Commerzbank AG 7.500 6/22/2018 EUR 63.310
EFG International Finance 7.400 6/28/2019 USD 52.720
DZ Bank AG Deutsche Zentra 5.900 9/24/2018 EUR 68.980
Bank J Safra Sarasin AG/Gu 11.000 7/10/2018 CHF 72.010
UniCredit Bank AG 7.100 1/4/2019 EUR 50.050
HSBC Trinkaus & Burkhardt 13.100 12/28/2018 EUR 71.760
UniCredit Bank AG 10.000 1/4/2019 EUR 65.900
Vontobel Financial Product 10.000 6/22/2018 EUR 61.430
UniCredit Bank AG 8.400 1/4/2019 EUR 68.320
UniCredit Bank AG 5.300 1/4/2019 EUR 74.260
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 68.950
Vontobel Financial Product 8.000 8/7/2019 EUR 72.870
Landesbank Baden-Wuerttemb 4.500 1/4/2019 EUR 71.740
UniCredit Bank AG 10.900 1/4/2019 EUR 64.890
BNP Paribas Emissions- und 5.500 9/27/2018 EUR 73.460
UBS AG/London 9.500 7/26/2018 EUR 59.350
UniCredit Bank AG 6.400 1/4/2019 EUR 73.350
UniCredit Bank AG 9.800 1/4/2019 EUR 64.480
UniCredit Bank AG 10.900 1/4/2019 EUR 64.050
UniCredit Bank AG 12.100 1/4/2019 EUR 73.720
UniCredit Bank AG 10.000 1/4/2019 EUR 63.280
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 65.740
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 61.860
Raiffeisen Centrobank AG 5.470 6/25/2019 EUR 71.010
HSBC Trinkaus & Burkhardt 16.800 9/28/2018 EUR 67.470
UniCredit Bank AG 10.800 1/4/2019 EUR 75.260
UniCredit Bank AG 9.200 1/4/2019 EUR 67.060
Vontobel Financial Product 11.000 6/22/2018 EUR 56.400
UniCredit Bank AG 7.200 1/4/2019 EUR 68.300
BNP Paribas Emissions- und 13.000 12/31/2018 EUR 41.710
UniCredit Bank AG 11.200 1/4/2019 EUR 67.340
Raiffeisen Centrobank AG 8.329 6/25/2019 EUR 18.310
BNP Paribas Emissions- und 8.500 9/27/2018 EUR 66.910
UniCredit Bank AG 7.300 1/4/2019 EUR 76.380
Vontobel Financial Product 9.500 9/28/2018 EUR 63.470
Vontobel Financial Product 8.500 6/22/2018 EUR 65.890
Vontobel Financial Product 13.000 1/2/2019 EUR 59.250
Vontobel Financial Product 6.500 1/2/2019 EUR 70.750
UniCredit Bank AG 11.500 1/4/2019 EUR 64.770
UniCredit Bank AG 10.600 1/4/2019 EUR 63.110
UniCredit Bank AG 11.600 1/4/2019 EUR 66.460
UniCredit Bank AG 6.000 1/4/2019 EUR 72.580
UniCredit Bank AG 11.800 1/4/2019 EUR 63.930
DZ Bank AG Deutsche Zentra 5.000 7/27/2018 EUR 64.630
DZ Bank AG Deutsche Zentra 5.250 7/27/2018 EUR 2.010
UniCredit Bank AG 10.000 1/4/2019 EUR 68.630
UniCredit Bank AG 4.900 1/4/2019 EUR 55.750
UniCredit Bank AG 9.800 1/4/2019 EUR 46.150
UniCredit Bank AG 7.500 1/4/2019 EUR 69.590
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 71.940
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 67.250
Raiffeisen Centrobank AG 6.837 6/25/2019 EUR 14.960
Raiffeisen Centrobank AG 8.826 6/25/2019 EUR 18.830
BNP Paribas Emissions- und 9.500 9/27/2018 EUR 71.590
Commerzbank AG 18.250 9/28/2018 EUR 70.230
UniCredit Bank AG 7.000 1/4/2019 EUR 71.260
Landesbank Baden-Wuerttemb 7.500 1/4/2019 EUR 73.990
DZ Bank AG Deutsche Zentra 8.500 7/27/2018 EUR 67.890
UniCredit Bank AG 5.500 1/4/2019 EUR 70.980
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 65.930
Vontobel Financial Product 15.000 6/22/2018 EUR 66.970
Vontobel Financial Product 12.000 6/22/2018 EUR 59.680
Vontobel Financial Product 15.050 6/22/2018 EUR 56.250
Vontobel Financial Product 7.500 6/22/2018 EUR 68.230
Vontobel Financial Product 14.000 7/27/2018 EUR 56.970
UniCredit Bank AG 6.000 1/4/2019 EUR 72.950
UniCredit Bank AG 10.100 1/4/2019 EUR 66.460
Vontobel Financial Product 11.000 1/2/2019 EUR 61.300
DZ Bank AG Deutsche Zentra 6.000 9/28/2018 EUR 71.730
DZ Bank AG Deutsche Zentra 8.750 6/22/2018 EUR 56.040
DZ Bank AG Deutsche Zentra 6.250 9/28/2018 EUR 64.170
UniCredit Bank AG 11.200 1/4/2019 EUR 44.620
Vontobel Financial Product 7.550 6/22/2018 EUR 57.720
DZ Bank AG Deutsche Zentra 5.000 7/27/2018 EUR 1.960
HSBC Trinkaus & Burkhardt 4.500 12/28/2018 EUR 59.910
HSBC Trinkaus & Burkhardt 4.500 12/28/2018 EUR 59.700
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 70.910
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 62.370
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 71.620
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 67.770
UBS AG/London 6.500 7/19/2018 EUR 72.300
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 65.240
BNP Paribas Emissions- und 8.000 9/27/2018 EUR 42.070
Raiffeisen Centrobank AG 10.573 12/28/2018 EUR 68.860
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 65.790
BNP Paribas Emissions- und 6.000 9/27/2018 EUR 68.750
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 36.500
Raiffeisen Centrobank AG 12.454 12/28/2018 EUR 66.600
BNP Paribas Emissions- und 5.000 12/31/2018 EUR 70.970
HSBC Trinkaus & Burkhardt 7.300 6/22/2018 EUR 64.780
HSBC Trinkaus & Burkhardt 11.000 6/22/2018 EUR 60.770
HSBC Trinkaus & Burkhardt 7.900 12/28/2018 EUR 63.000
Vontobel Financial Product 6.500 1/2/2019 EUR 72.480
Bank Julius Baer & Co Ltd/ 6.450 7/13/2018 USD 59.500
Landesbank Baden-Wuerttemb 4.550 11/23/2018 EUR 63.660
BNP Paribas Emissions- und 8.500 12/31/2018 EUR 69.840
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 65.030
BNP Paribas Emissions- und 6.000 9/27/2018 EUR 68.530
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 69.660
DZ Bank AG Deutsche Zentra 5.200 9/28/2018 EUR 71.980
Vontobel Financial Product 9.500 9/28/2018 EUR 57.130
Vontobel Financial Product 4.500 6/22/2018 EUR 57.700
BNP Paribas Emissions- und 11.000 9/27/2018 EUR 58.630
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 71.210
DZ Bank AG Deutsche Zentra 6.500 9/24/2018 EUR 58.090
HSBC Trinkaus & Burkhardt 6.200 12/28/2018 EUR 69.840
Leonteq Securities AG/Guer 18.000 2/4/2019 CHF 61.870
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 66.020
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 42.560
Landesbank Hessen-Thuering 5.000 2/11/2019 EUR 72.700
UBS AG/London 16.400 6/28/2018 EUR 56.820
Bank Julius Baer & Co Ltd/ 9.100 8/6/2018 USD 47.350
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 71.430
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 70.510
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 39.960
UBS AG/London 4.300 9/27/2018 EUR 70.550
BNP Paribas Emissions- und 6.500 12/31/2018 EUR 68.610
HSBC Trinkaus & Burkhardt 8.900 6/22/2018 EUR 66.200
BNP Paribas Emissions- und 5.000 9/27/2018 EUR 70.190
Commerzbank AG 4.000 7/6/2018 EUR 29.980
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 69.510
BNP Paribas Emissions- und 5.500 9/27/2018 EUR 71.620
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 66.460
BNP Paribas Emissions- und 8.500 12/31/2018 EUR 66.430
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 61.580
HSBC Trinkaus & Burkhardt 8.300 6/22/2018 EUR 60.810
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 61.600
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 70.630
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 66.750
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 69.330
DZ Bank AG Deutsche Zentra 8.750 6/22/2018 EUR 58.070
DZ Bank AG Deutsche Zentra 6.400 9/24/2018 EUR 70.800
Landesbank Baden-Wuerttemb 6.000 7/27/2018 EUR 68.100
Landesbank Baden-Wuerttemb 4.000 7/27/2018 EUR 65.970
DZ Bank AG Deutsche Zentra 7.500 9/24/2018 EUR 71.780
Vontobel Financial Product 10.500 7/27/2018 EUR 57.270
Vontobel Financial Product 9.750 9/14/2018 EUR 71.510
Landesbank Hessen-Thuering 2.250 7/13/2020 EUR 66.600
Vontobel Financial Product 10.350 9/14/2018 EUR 74.920
Vontobel Financial Product 6.750 9/14/2018 EUR 53.950
Credit Suisse AG/Nassau 7.000 9/24/2018 EUR 66.200
Vontobel Financial Product 7.050 1/2/2019 EUR 70.940
Vontobel Financial Product 8.000 9/28/2018 EUR 69.460
Vontobel Financial Product 9.000 9/28/2018 EUR 69.720
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 68.450
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 61.970
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 60.260
Vontobel Financial Product 4.850 9/14/2018 EUR 70.690
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 63.590
BNP Paribas Emissions- und 6.500 9/27/2018 EUR 66.400
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 39.200
Deutsche Bank AG 5.200 9/25/2018 EUR 64.500
Deutsche Bank AG 5.200 9/25/2018 EUR 69.600
Landesbank Baden-Wuerttemb 6.000 7/27/2018 EUR 63.610
BNP Paribas Emissions- und 8.500 9/27/2018 EUR 64.110
Deutsche Bank AG 5.200 9/25/2018 EUR 74.000
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 71.480
UBS AG/London 8.500 7/19/2018 CHF 57.250
Raiffeisen Centrobank AG 11.676 12/28/2018 EUR 67.880
Vontobel Financial Product 10.000 6/22/2018 EUR 72.530
Vontobel Financial Product 5.500 9/28/2018 EUR 68.820
Vontobel Financial Product 6.550 9/28/2018 EUR 69.090
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 63.660
Vontobel Financial Product 9.000 8/24/2018 EUR 69.920
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 65.130
Commerzbank AG 14.250 8/24/2018 EUR 73.660
Commerzbank AG 15.750 9/28/2018 EUR 72.510
Commerzbank AG 20.000 9/28/2018 EUR 67.100
Landesbank Baden-Wuerttemb 6.000 7/27/2018 EUR 66.930
Landesbank Baden-Wuerttemb 2.000 7/27/2018 EUR 71.600
DZ Bank AG Deutsche Zentra 9.000 6/22/2018 EUR 71.460
Vontobel Financial Product 6.450 9/14/2018 EUR 67.880
Commerzbank AG 15.000 10/26/2018 EUR 73.490
Credit Suisse AG/London 8.540 1/7/2020 USD 9.982
Deutsche Bank AG 7.200 9/25/2018 EUR 63.600
Deutsche Bank AG 5.200 9/25/2018 EUR 68.900
Vontobel Financial Product 6.550 9/28/2018 EUR 73.930
Commerzbank AG 10.000 3/2/2020 EUR 71.690
BNP Paribas Emissions- und 6.500 9/27/2018 EUR 67.030
EFG International Finance 8.000 3/9/2020 USD 56.840
Vontobel Financial Product 7.500 6/22/2018 EUR 56.680
Vontobel Financial Product 9.500 6/22/2018 EUR 56.730
Vontobel Financial Product 6.000 7/27/2018 EUR 66.840
MultiBotSystems Investment 10.250 7/14/2023 RUB 100.050
Vontobel Financial Product 3.550 9/28/2018 EUR 73.140
Vontobel Financial Product 6.000 1/18/2019 EUR 60.370
Vontobel Financial Product 4.000 9/28/2018 EUR 55.720
Vontobel Financial Product 10.550 7/27/2018 EUR 62.920
Vontobel Financial Product 5.550 6/22/2018 EUR 56.670
Vontobel Financial Product 10.550 7/27/2018 EUR 40.570
UBS AG/London 6.000 9/27/2018 EUR 69.310
DekaBank Deutsche Girozent 3.000 6/21/2021 EUR 66.480
UBS AG/London 14.400 1/3/2019 EUR 65.100
Deutsche Bank AG 3.200 9/25/2018 EUR 68.400
Deutsche Bank AG 4.200 12/27/2018 EUR 69.500
Credit Suisse AG/London 7.000 10/9/2018 USD 74.050
Vontobel Financial Product 13.000 6/22/2018 EUR 56.350
Deutsche Bank AG 6.200 12/27/2018 EUR 69.000
Deutsche Bank AG 6.200 9/25/2018 EUR 73.000
Deutsche Bank AG 4.200 9/25/2018 EUR 66.300
Deutsche Bank AG 3.200 12/27/2018 EUR 69.000
HSBC Trinkaus & Burkhardt 10.700 9/28/2018 EUR 39.530
HSBC Trinkaus & Burkhardt 9.700 7/27/2018 EUR 39.640
HSBC Trinkaus & Burkhardt 6.700 9/28/2018 EUR 66.700
HSBC Trinkaus & Burkhardt 4.800 9/28/2018 EUR 69.940
Citigroup Global Markets F 7.000 6/16/2022 SEK 51.330
Bank Julius Baer & Co Ltd/ 5.600 7/6/2018 EUR 66.250
HSBC Trinkaus & Burkhardt 8.100 9/28/2018 EUR 43.170
HSBC Trinkaus & Burkhardt 10.300 9/28/2018 EUR 63.920
Deutsche Bank AG 5.200 9/25/2018 EUR 72.700
Goldman Sachs & Co Wertpap 18.000 7/25/2018 EUR 67.500
Deutsche Bank AG 6.200 12/27/2018 EUR 74.300
Commerzbank AG 12.250 1/2/2019 EUR 71.570
Commerzbank AG 16.250 8/24/2018 EUR 71.140
HSBC Trinkaus & Burkhardt 8.300 9/28/2018 EUR 73.350
Vontobel Financial Product 10.000 6/22/2018 EUR 62.990
Deutsche Bank AG 6.200 9/25/2018 EUR 68.000
Deutsche Bank AG 3.200 9/25/2018 EUR 70.900
Deutsche Bank AG 4.200 9/25/2018 EUR 68.700
Deutsche Bank AG 3.200 9/25/2018 EUR 63.900
Deutsche Bank AG 3.200 12/27/2018 EUR 66.700
Vontobel Financial Product 11.500 6/22/2018 EUR 59.460
Goldman Sachs & Co Wertpap 14.000 7/25/2018 EUR 72.560
Goldman Sachs & Co Wertpap 17.000 8/22/2018 EUR 68.630
Goldman Sachs & Co Wertpap 20.000 7/25/2018 EUR 70.880
Commerzbank AG 11.750 1/25/2019 EUR 71.880
Deutsche Bank AG 6.200 9/25/2018 EUR 53.000
HSBC Trinkaus & Burkhardt 8.500 9/28/2018 EUR 67.660
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 65.010
Deutsche Bank AG 5.200 12/27/2018 EUR 73.800
Deutsche Bank AG 5.200 9/25/2018 EUR 52.700
BNP Paribas Emissions- und 5.000 12/31/2018 EUR 64.680
Goldman Sachs & Co Wertpap 16.000 9/26/2018 EUR 69.890
Goldman Sachs & Co Wertpap 15.000 12/28/2018 EUR 74.610
Goldman Sachs & Co Wertpap 14.000 12/28/2018 EUR 72.930
Vontobel Financial Product 1.650 9/14/2018 EUR 74.040
DZ Bank AG Deutsche Zentra 13.750 8/22/2018 EUR 68.820
Vontobel Financial Product 11.800 9/14/2018 EUR 74.240
UBS AG/London 6.500 1/7/2019 CHF 50.700
Commerzbank AG 18.750 1/2/2019 EUR 71.140
DZ Bank AG Deutsche Zentra 11.000 6/22/2018 EUR 60.040
Raiffeisen Centrobank AG 7.536 12/28/2018 EUR 54.720
Deutsche Bank AG 5.200 12/27/2018 EUR 70.300
Zurcher Kantonalbank Finan 5.750 7/27/2018 CHF 61.570
Credit Suisse AG/London 8.250 7/26/2018 USD 50.060
Bank Julius Baer & Co Ltd/ 6.600 7/27/2018 USD 63.600
UniCredit Bank AG 5.800 6/22/2018 EUR 69.130
Vontobel Financial Product 6.200 9/14/2018 EUR 75.850
Vontobel Financial Product 8.000 6/22/2018 EUR 71.000
Commerzbank AG 24.250 8/24/2018 EUR 64.870
Deutsche Bank AG 5.200 9/25/2018 EUR 71.400
Deutsche Bank AG 5.200 7/25/2018 EUR 68.100
Deutsche Bank AG 5.200 7/25/2018 EUR 63.600
Deutsche Bank AG 5.200 9/25/2018 EUR 68.900
Deutsche Bank AG 5.200 12/27/2018 EUR 65.700
Raiffeisen Schweiz Genosse 9.200 2/12/2019 CHF 69.510
DZ Bank AG Deutsche Zentra 5.000 9/24/2018 EUR 69.270
Vontobel Financial Product 10.500 6/22/2018 EUR 59.910
EFG International Finance 6.000 8/3/2020 USD 61.800
Commerzbank AG 15.250 8/24/2018 EUR 71.930
Commerzbank AG 17.250 8/24/2018 EUR 70.370
Commerzbank AG 14.750 9/28/2018 EUR 72.710
Commerzbank AG 14.000 10/26/2018 EUR 73.630
Vontobel Financial Product 13.000 6/22/2018 EUR 74.410
Deutsche Bank AG 5.200 7/25/2018 EUR 70.600
Commerzbank AG 17.000 8/24/2018 EUR 71.320
Commerzbank AG 15.500 9/28/2018 EUR 72.530
Deutsche Bank AG 5.200 9/25/2018 EUR 68.400
Vontobel Financial Product 9.000 7/27/2018 EUR 69.650
Landesbank Baden-Wuerttemb 8.000 7/27/2018 EUR 63.760
Landesbank Baden-Wuerttemb 4.500 7/27/2018 EUR 68.000
Vontobel Financial Product 5.500 1/2/2019 EUR 70.130
DZ Bank AG Deutsche Zentra 7.750 9/28/2018 EUR 68.300
DZ Bank AG Deutsche Zentra 7.400 9/24/2018 EUR 65.800
Vontobel Financial Product 7.800 9/14/2018 EUR 74.100
Vontobel Financial Product 9.500 6/22/2018 EUR 69.110
Vontobel Financial Product 6.000 6/22/2018 EUR 74.020
UniCredit Bank AG 4.000 6/22/2018 EUR 61.490
UniCredit Bank AG 3.500 6/22/2018 EUR 64.060
Vontobel Financial Product 5.800 9/14/2018 EUR 68.520
Vontobel Financial Product 10.300 9/14/2018 EUR 54.720
Vontobel Financial Product 8.600 9/14/2018 EUR 54.350
UniCredit Bank AG 12.900 6/22/2018 EUR 70.610
UniCredit Bank AG 14.400 6/22/2018 EUR 68.780
Zurcher Kantonalbank Finan 9.500 7/13/2018 CHF 65.910
Landesbank Baden-Wuerttemb 3.000 10/26/2018 EUR 72.520
Commerzbank AG 11.250 1/25/2019 EUR 67.880
Commerzbank AG 14.750 2/22/2019 EUR 64.470
Commerzbank AG 16.750 2/22/2019 EUR 62.850
Leonteq Securities AG/Guer 11.800 12/21/2018 USD 66.950
Vontobel Financial Product 10.500 9/28/2018 EUR 70.540
Deutsche Bank AG 6.200 9/24/2019 EUR 73.000
Deutsche Bank AG 6.200 12/27/2018 EUR 72.700
Deutsche Bank AG 6.200 12/27/2018 EUR 70.200
Deutsche Bank AG 4.200 3/19/2019 EUR 72.200
Bank Julius Baer & Co Ltd/ 5.500 9/26/2018 CHF 57.150
DZ Bank AG Deutsche Zentra 10.750 9/28/2018 EUR 49.920
Commerzbank AG 9.250 1/25/2019 EUR 71.310
Commerzbank AG 13.250 1/25/2019 EUR 65.380
Deutsche Bank AG 4.200 9/24/2019 EUR 72.700
Deutsche Bank AG 4.200 3/19/2019 EUR 69.800
Deutsche Bank AG 4.200 6/25/2019 EUR 72.200
HSBC Trinkaus & Burkhardt 7.600 8/24/2018 EUR 40.030
BNP Paribas Emissions- und 8.000 9/27/2018 EUR 69.030
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 67.480
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 67.290
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 72.770
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 37.640
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 42.990
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 69.810
Commerzbank AG 7.750 7/27/2018 EUR 45.640
Commerzbank AG 9.750 7/27/2018 EUR 42.170
DZ Bank AG Deutsche Zentra 7.000 6/22/2018 EUR 73.090
Vontobel Financial Product 13.900 9/14/2018 EUR 74.850
Credit Suisse AG/London 7.000 11/8/2018 USD 51.890
Vontobel Financial Product 6.000 6/22/2018 EUR 60.750
Goldman Sachs & Co Wertpap 19.000 1/23/2019 EUR 68.210
Goldman Sachs & Co Wertpap 23.000 12/28/2018 EUR 67.020
EFG International Finance 5.500 9/21/2020 USD 67.800
UBS AG/London 22.700 9/27/2018 EUR 58.850
UBS AG/London 16.100 9/27/2018 EUR 63.620
DZ Bank AG Deutsche Zentra 9.750 9/28/2018 EUR 73.050
Vontobel Financial Product 10.650 3/8/2019 EUR 66.290
Commerzbank AG 11.250 6/22/2018 EUR 40.310
DZ Bank AG Deutsche Zentra 8.000 9/26/2018 EUR 73.170
Zurcher Kantonalbank Finan 6.250 9/21/2018 CHF 58.610
Leonteq Securities AG/Guer 7.600 9/18/2019 USD 64.100
Raiffeisen Schweiz Genosse 6.750 3/15/2019 CHF 62.670
Vontobel Financial Product 9.750 3/8/2019 EUR 72.170
Raiffeisen Schweiz Genosse 4.000 7/24/2019 CHF 71.550
Vontobel Financial Product 6.700 3/8/2019 EUR 61.420
Commerzbank AG 13.250 6/22/2018 EUR 38.480
Raiffeisen Schweiz Genosse 8.990 7/22/2019 EUR 21.670
DZ Bank AG Deutsche Zentra 6.750 12/28/2018 EUR 74.120
Deutsche Bank AG 4.200 12/24/2019 EUR 73.200
Citigroup Global Markets F 5.600 9/15/2022 SEK 63.290
Commerzbank AG 10.250 7/27/2018 EUR 70.500
Commerzbank AG 12.250 7/27/2018 EUR 67.830
Commerzbank AG 11.750 8/24/2018 EUR 68.720
Vontobel Financial Product 13.050 3/8/2019 EUR 70.010
Vontobel Financial Product 8.750 9/28/2018 EUR 70.390
Goldman Sachs & Co Wertpap 7.000 6/26/2019 EUR 74.130
Goldman Sachs & Co Wertpap 7.000 10/24/2018 EUR 71.310
Landesbank Baden-Wuerttemb 2.900 7/27/2018 EUR 43.010
Raiffeisen Schweiz Genosse 4.200 7/17/2019 CHF 71.780
UniCredit Bank AG 14.400 1/4/2019 EUR 60.240
UniCredit Bank AG 12.000 9/28/2018 EUR 65.400
UniCredit Bank AG 3.400 1/4/2019 EUR 63.860
UniCredit Bank AG 13.500 1/4/2019 EUR 42.010
HSBC Trinkaus & Burkhardt 5.800 6/22/2018 EUR 69.470
Commerzbank AG 10.500 10/26/2018 EUR 39.640
Commerzbank AG 12.750 11/23/2018 EUR 73.770
DZ Bank AG Deutsche Zentra 9.500 9/24/2018 EUR 67.800
Bank Julius Baer & Co Ltd/ 6.250 2/13/2019 CHF 69.450
Commerzbank AG 7.750 7/27/2018 EUR 69.600
DZ Bank AG Deutsche Zentra 6.750 10/26/2018 EUR 67.570
DZ Bank AG Deutsche Zentra 5.500 2/20/2019 EUR 71.430
HSBC Trinkaus & Burkhardt 5.500 3/22/2019 EUR 68.890
HSBC Trinkaus & Burkhardt 5.900 12/28/2018 EUR 65.950
Vontobel Financial Product 10.500 9/21/2018 EUR 70.090
Deutsche Bank AG 5.200 10/24/2018 EUR 73.300
Deutsche Bank AG 5.200 12/27/2018 EUR 72.200
Vontobel Financial Product 9.250 9/14/2018 EUR 72.110
Vontobel Financial Product 12.000 9/14/2018 EUR 67.900
Deutsche Bank AG 5.200 10/24/2018 EUR 64.800
Deutsche Bank AG 5.200 11/21/2018 EUR 69.700
Deutsche Bank AG 5.200 11/21/2018 EUR 65.300
Deutsche Bank AG 5.200 6/25/2019 EUR 72.400
Commerzbank AG 10.500 1/25/2019 EUR 71.180
Commerzbank AG 4.500 1/25/2019 EUR 70.020
Commerzbank AG 8.500 1/25/2019 EUR 65.790
Commerzbank AG 15.250 1/25/2019 EUR 69.340
Commerzbank AG 3.750 12/21/2018 EUR 73.140
Vontobel Financial Product 9.500 9/28/2018 EUR 69.080
Vontobel Financial Product 7.500 1/2/2019 EUR 70.060
HSBC Trinkaus & Burkhardt 7.400 3/22/2019 EUR 67.010
Commerzbank AG 13.500 11/23/2018 EUR 72.850
Deutsche Bank AG 5.200 10/24/2018 EUR 70.500
Deutsche Bank AG 5.200 11/21/2018 EUR 70.900
Deutsche Bank AG 5.200 3/19/2019 EUR 72.000
Deutsche Bank AG 5.200 3/19/2019 EUR 67.700
Deutsche Bank AG 5.200 6/25/2019 EUR 68.200
Deutsche Bank AG 5.200 10/24/2018 EUR 71.100
Deutsche Bank AG 5.200 11/21/2018 EUR 71.600
Deutsche Bank AG 5.200 6/25/2019 EUR 72.900
DZ Bank AG Deutsche Zentra 7.500 9/24/2018 EUR 69.140
DZ Bank AG Deutsche Zentra 5.000 12/28/2018 EUR #N/A N/A
Vontobel Financial Product 9.050 1/2/2019 EUR 69.130
Vontobel Financial Product 11.000 1/2/2019 EUR 67.680
Commerzbank AG 9.000 2/22/2019 EUR 72.070
Credit Suisse AG/London 7.000 7/19/2018 USD 73.380
Commerzbank AG 5.000 12/21/2018 EUR 74.550
DZ Bank AG Deutsche Zentra 7.250 9/24/2018 EUR 73.230
Commerzbank AG 12.500 1/25/2019 EUR 68.730
Commerzbank AG 6.500 1/25/2019 EUR 67.480
Commerzbank AG 13.250 1/25/2019 EUR 71.890
Commerzbank AG 19.250 1/25/2019 EUR 65.170
Commerzbank AG 10.500 1/25/2019 EUR 71.740
Commerzbank AG 11.750 1/25/2019 EUR 73.530
Commerzbank AG 16.000 8/24/2018 EUR 66.620
Vontobel Financial Product 8.800 9/14/2018 EUR 64.890
BNP Paribas Emissions- und 19.000 9/27/2018 EUR 69.730
UniCredit Bank AG 6.000 9/28/2018 EUR 4.180
UniCredit Bank AG 3.100 9/28/2018 EUR 58.320
Deutsche Bank AG 5.200 9/25/2018 EUR 66.600
UniCredit Bank AG 11.000 9/28/2018 EUR 63.810
UniCredit Bank AG 12.900 9/28/2018 EUR 61.420
Commerzbank AG 6.000 10/26/2018 EUR 66.830
UniCredit Bank AG 11.400 1/3/2020 EUR 69.510
UniCredit Bank AG 13.800 1/3/2020 EUR 69.280
BNP Paribas Emissions- und 18.000 9/27/2018 EUR 59.760
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 65.790
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 63.590
UniCredit Bank AG 11.500 1/4/2019 EUR 63.630
Vontobel Financial Product 16.100 12/14/2018 EUR 74.860
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 66.420
BNP Paribas Emissions- und 16.000 12/31/2018 EUR 65.330
BNP Paribas Emissions- und 18.000 6/27/2019 EUR 67.400
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 64.630
BNP Paribas Emissions- und 9.500 12/31/2018 EUR 62.630
BNP Paribas Emissions- und 14.000 3/21/2019 EUR 65.070
UniCredit Bank AG 14.800 3/22/2019 EUR 70.740
UniCredit Bank AG 14.400 3/22/2019 EUR 73.040
UBS AG/London 12.250 8/23/2018 USD 61.250
Vontobel Financial Product 9.550 12/14/2018 EUR 69.580
EFG International Finance 12.000 11/15/2018 CHF 71.220
Vontobel Financial Product 12.500 9/14/2018 EUR 71.190
Commerzbank AG 11.500 2/22/2019 EUR 69.320
HSBC Trinkaus & Burkhardt 6.100 12/28/2018 EUR 48.030
HSBC Trinkaus & Burkhardt 4.100 12/28/2018 EUR 53.520
HSBC Trinkaus & Burkhardt 7.800 7/27/2018 EUR 42.990
Raiffeisen Schweiz Genosse 12.000 9/11/2018 CHF 61.430
HSBC Trinkaus & Burkhardt 6.000 9/28/2018 EUR 64.620
Commerzbank AG 13.250 8/24/2018 EUR 73.830
Deutsche Bank AG 5.200 10/24/2018 EUR 69.300
Deutsche Bank AG 5.200 12/27/2018 EUR 73.000
Commerzbank AG 5.500 1/25/2019 EUR 68.640
Commerzbank AG 7.500 1/25/2019 EUR 66.480
Commerzbank AG 24.000 9/28/2018 EUR 60.200
Bank Julius Baer & Co Ltd/ 6.800 9/12/2018 CHF 54.950
DZ Bank AG Deutsche Zentra 5.500 12/28/2018 EUR 74.180
Vontobel Financial Product 8.050 9/28/2018 EUR 70.630
Vontobel Financial Product 12.000 9/28/2018 EUR 75.420
UBS AG/London 6.000 11/8/2018 EUR 65.750
Landesbank Baden-Wuerttemb 4.500 9/28/2018 EUR 70.590
Raiffeisen Centrobank AG 6.037 6/25/2019 EUR 12.950
HSBC Trinkaus & Burkhardt 16.200 9/28/2018 EUR 64.670
Vontobel Financial Product 10.000 9/28/2018 EUR 70.540
Commerzbank AG 16.500 8/24/2018 EUR 70.190
Vontobel Financial Product 15.050 9/14/2018 EUR 64.370
Deutsche Bank AG 5.200 3/19/2019 EUR 73.000
Deutsche Bank AG 5.200 6/25/2019 EUR 73.200
Commerzbank AG 9.500 1/25/2019 EUR 72.500
Commerzbank AG 11.500 1/25/2019 EUR 69.940
Bank Julius Baer & Co Ltd/ 7.200 2/13/2019 CHF 70.400
Commerzbank AG 17.250 1/25/2019 EUR 67.160
Commerzbank AG 9.500 1/25/2019 EUR 72.850
Commerzbank AG 11.500 1/25/2019 EUR 70.750
Zurcher Kantonalbank Finan 5.000 7/11/2018 CHF 63.660
Vontobel Financial Product 10.500 6/22/2018 EUR 56.180
Vontobel Financial Product 7.000 6/22/2018 EUR 56.040
Vontobel Financial Product 10.050 1/2/2019 EUR 57.580
Vontobel Financial Product 6.550 9/28/2018 EUR 67.160
Vontobel Financial Product 13.000 9/28/2018 EUR 38.050
Vontobel Financial Product 12.000 1/2/2019 EUR 40.920
DZ Bank AG Deutsche Zentra 6.750 6/22/2018 EUR 70.650
DZ Bank AG Deutsche Zentra 10.750 7/27/2018 EUR 56.460
Landesbank Baden-Wuerttemb 4.000 7/27/2018 EUR 72.960
Landesbank Baden-Wuerttemb 4.000 7/27/2018 EUR 73.420
Landesbank Baden-Wuerttemb 3.000 7/27/2018 EUR 67.590
DZ Bank AG Deutsche Zentra 7.500 6/22/2018 EUR 63.770
Vontobel Financial Product 11.500 6/22/2018 EUR 56.070
Vontobel Financial Product 8.500 6/22/2018 EUR 56.050
Vontobel Financial Product 9.500 1/2/2019 EUR 57.290
Commerzbank AG 13.500 11/23/2018 EUR 70.940
Vontobel Financial Product 8.000 6/22/2018 EUR 56.040
Vontobel Financial Product 11.550 9/28/2018 EUR 55.410
Vontobel Financial Product 8.000 1/2/2019 EUR 56.520
Vontobel Financial Product 10.000 9/28/2018 EUR 55.020
Vontobel Financial Product 6.550 1/2/2019 EUR 63.960
Leonteq Securities AG/Guer 7.000 6/26/2019 CHF 51.860
DZ Bank AG Deutsche Zentra 9.500 9/28/2018 EUR 41.380
DZ Bank AG Deutsche Zentra 10.300 1/2/2019 EUR 61.850
Landesbank Baden-Wuerttemb 6.000 11/23/2018 EUR 65.590
Landesbank Baden-Wuerttemb 4.000 11/23/2018 EUR 71.590
Commerzbank AG 16.750 7/27/2018 EUR 70.000
Commerzbank AG 13.250 10/26/2018 EUR 72.690
BNP Paribas Emissions- und 4.500 9/27/2018 EUR 71.370
BNP Paribas Emissions- und 5.000 12/31/2018 EUR 68.730
HSBC Trinkaus & Burkhardt 11.900 6/22/2018 EUR 62.920
HSBC Trinkaus & Burkhardt 10.100 6/22/2018 EUR 67.220
Deutsche Bank AG 6.200 6/25/2019 EUR 71.900
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 59.110
Landesbank Baden-Wuerttemb 5.500 8/24/2018 EUR 68.530
Bank Julius Baer & Co Ltd/ 7.300 8/16/2019 USD 68.850
DZ Bank AG Deutsche Zentra 5.500 9/28/2018 EUR 66.380
DZ Bank AG Deutsche Zentra 8.250 6/22/2018 EUR 70.420
DZ Bank AG Deutsche Zentra 5.500 6/22/2018 EUR 59.860
UniCredit Bank AG 14.700 1/4/2019 EUR 71.720
UniCredit Bank AG 3.400 6/22/2018 EUR 69.860
UniCredit Bank AG 14.600 1/4/2019 EUR 64.300
UniCredit Bank AG 13.500 1/4/2019 EUR 74.260
UniCredit Bank AG 9.600 9/28/2018 EUR 70.210
UniCredit Bank AG 11.500 9/28/2018 EUR 72.820
UniCredit Bank AG 9.700 9/28/2018 EUR 66.670
Landesbank Baden-Wuerttemb 4.600 3/22/2019 EUR 74.770
UniCredit Bank AG 10.100 9/28/2018 EUR 72.140
UniCredit Bank AG 10.500 9/28/2018 EUR 75.770
UniCredit Bank AG 5.700 9/28/2018 EUR 50.960
UniCredit Bank AG 11.800 9/28/2018 EUR 66.340
Landesbank Baden-Wuerttemb 3.000 6/28/2019 EUR 68.820
Landesbank Baden-Wuerttemb 5.000 3/22/2019 EUR 64.770
Vontobel Financial Product 4.000 6/22/2018 EUR 63.940
Vontobel Financial Product 8.000 6/22/2018 EUR 57.880
Vontobel Financial Product 11.000 6/22/2018 EUR 54.040
Commerzbank AG 8.750 7/27/2018 EUR 66.940
Commerzbank AG 9.750 7/27/2018 EUR 64.850
Commerzbank AG 11.750 7/27/2018 EUR 39.650
Commerzbank AG 13.750 7/27/2018 EUR 37.640
Vontobel Financial Product 9.500 7/27/2018 EUR 59.290
Commerzbank AG 6.000 7/27/2018 EUR 68.700
UniCredit Bank AG 14.800 6/22/2018 EUR 72.620
UniCredit Bank AG 9.100 6/22/2018 EUR 63.890
UniCredit Bank AG 4.200 6/22/2018 EUR 72.840
UniCredit Bank AG 12.100 6/22/2018 EUR 57.530
UniCredit Bank AG 9.000 6/22/2018 EUR 46.680
Commerzbank AG 7.750 7/27/2018 EUR 69.300
UniCredit Bank AG 5.000 6/29/2018 EUR 67.150
Leonteq Securities AG 7.400 4/24/2020 USD 56.430
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 72.150
UniCredit Bank AG 13.900 6/22/2018 EUR 74.250
UniCredit Bank AG 5.600 6/22/2018 EUR 68.740
Landesbank Baden-Wuerttemb 4.000 11/23/2018 EUR 69.090
Commerzbank AG 8.500 11/23/2018 EUR 63.610
Deutsche Bank AG 5.500 9/25/2018 EUR 67.800
Deutsche Bank AG 5.500 12/27/2018 EUR 67.000
HSBC Trinkaus & Burkhardt 8.700 9/28/2018 EUR 69.960
Leonteq Securities AG 10.400 11/22/2019 EUR 68.690
Deutsche Bank AG 4.200 12/27/2018 EUR 71.900
DZ Bank AG Deutsche Zentra 9.000 6/22/2018 EUR 71.280
DZ Bank AG Deutsche Zentra 13.500 8/24/2018 EUR 63.510
UniCredit Bank AG 14.900 6/22/2018 EUR 67.650
Landesbank Hessen-Thuering 4.000 10/10/2018 EUR 69.100
UniCredit Bank AG 6.100 6/22/2018 EUR 53.050
UniCredit Bank AG 13.900 6/22/2018 EUR 39.590
UniCredit Bank AG 13.800 6/22/2018 EUR 58.790
UniCredit Bank AG 11.600 6/22/2018 EUR 61.480
Vontobel Financial Product 14.500 6/22/2018 EUR 62.660
HSBC Trinkaus & Burkhardt 13.400 6/22/2018 EUR 38.650
Vontobel Financial Product 11.500 6/22/2018 EUR 40.520
HSBC Trinkaus & Burkhardt 8.900 6/22/2018 EUR 45.400
Vontobel Financial Product 5.000 9/28/2018 EUR 44.690
Vontobel Financial Product 11.000 1/2/2019 EUR 40.400
HSBC Trinkaus & Burkhardt 8.300 9/28/2018 EUR 72.070
HSBC Trinkaus & Burkhardt 5.700 6/22/2018 EUR 66.030
Vontobel Financial Product 8.550 1/2/2019 EUR 65.830
DZ Bank AG Deutsche Zentra 5.000 1/25/2019 EUR 71.340
Vontobel Financial Product 12.000 6/22/2018 EUR 53.100
Vontobel Financial Product 14.000 6/22/2018 EUR 50.320
Vontobel Financial Product 4.000 9/28/2018 EUR 73.780
Vontobel Financial Product 6.050 9/28/2018 EUR 64.640
Vontobel Financial Product 9.000 9/28/2018 EUR 57.980
Vontobel Financial Product 12.500 9/28/2018 EUR 53.040
Vontobel Financial Product 6.000 1/2/2019 EUR 66.080
Vontobel Financial Product 10.000 1/2/2019 EUR 57.700
Vontobel Financial Product 7.000 1/2/2019 EUR 62.700
Vontobel Financial Product 11.500 1/2/2019 EUR 55.700
DZ Bank AG Deutsche Zentra 7.000 8/24/2018 EUR 64.610
Vontobel Financial Product 6.600 9/14/2018 EUR 64.560
Vontobel Financial Product 11.650 9/14/2018 EUR 55.160
Vontobel Financial Product 3.450 9/14/2018 EUR 68.150
Vontobel Financial Product 13.100 9/14/2018 EUR 55.270
UniCredit Bank AG 6.400 6/22/2018 EUR 66.870
Deutsche Bank AG 4.200 12/27/2018 EUR 74.600
Deutsche Bank AG 6.200 12/27/2018 EUR 72.900
UniCredit Bank AG 14.100 6/22/2018 EUR 68.970
DZ Bank AG Deutsche Zentra 8.500 1/2/2019 EUR 59.290
UniCredit Bank AG 5.900 6/22/2018 EUR 71.330
UniCredit Bank AG 11.600 6/22/2018 EUR 74.920
Landesbank Baden-Wuerttemb 4.000 8/24/2018 EUR 73.440
Landesbank Baden-Wuerttemb 7.000 8/24/2018 EUR 64.340
DZ Bank AG Deutsche Zentra 5.500 6/22/2018 EUR 66.790
DZ Bank AG Deutsche Zentra 6.500 6/22/2018 EUR 59.870
UniCredit Bank AG 11.700 9/28/2018 EUR 72.830
UniCredit Bank AG 4.600 1/4/2019 EUR 4.870
UniCredit Bank AG 8.600 9/28/2018 EUR 72.420
UniCredit Bank AG 10.100 6/22/2018 EUR 2.200
UniCredit Bank AG 3.100 6/22/2018 EUR 2.750
UniCredit Bank AG 7.700 6/22/2018 EUR 2.290
UniCredit Bank AG 10.800 9/28/2018 EUR 73.120
UniCredit Bank AG 8.200 9/28/2018 EUR 45.580
UniCredit Bank AG 4.700 9/28/2018 EUR 54.400
UBS AG/London 6.000 9/27/2018 EUR 69.330
Leonteq Securities AG/Guer 11.000 11/21/2018 CHF 71.840
Vontobel Financial Product 10.500 8/24/2018 EUR 69.530
DZ Bank AG Deutsche Zentra 5.100 1/2/2019 EUR 73.040
Vontobel Financial Product 10.500 1/2/2019 EUR 63.870
Vontobel Financial Product 6.000 9/28/2018 EUR 70.070
Landesbank Baden-Wuerttemb 3.000 11/23/2018 EUR 72.710
Commerzbank AG 15.500 8/24/2018 EUR 70.940
Deutsche Bank AG 5.500 9/25/2018 EUR 66.000
Deutsche Bank AG 5.500 12/27/2018 EUR 68.700
BNP Paribas Emissions- und 5.000 3/21/2019 EUR 70.520
Bank Julius Baer & Co Ltd/ 5.500 8/27/2018 CHF 65.700
Vontobel Financial Product 8.500 9/28/2018 EUR 67.010
Vontobel Financial Product 10.500 9/28/2018 EUR 64.950
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 63.010
Commerzbank AG 4.750 10/26/2018 EUR 67.280
BNP Paribas Emissions- und 5.500 9/27/2018 EUR 66.840
Deutsche Bank AG 5.500 9/25/2018 EUR 69.700
Deutsche Bank AG 5.500 12/27/2018 EUR 70.500
Vontobel Financial Product 7.000 1/2/2019 EUR 70.910
Vontobel Financial Product 10.500 6/22/2018 EUR 69.470
HSBC Trinkaus & Burkhardt 7.500 6/22/2018 EUR 74.730
Vontobel Financial Product 5.250 9/14/2018 EUR 68.750
Deutsche Bank AG 6.200 3/19/2019 EUR 72.700
UniCredit Bank AG 12.200 6/22/2018 EUR 71.770
Deutsche Bank AG 4.200 12/27/2018 EUR 63.700
Landesbank Baden-Wuerttemb 4.600 11/23/2018 EUR 73.920
Deutsche Bank AG 4.200 12/27/2018 EUR 57.800
Deutsche Bank AG 6.200 12/27/2018 EUR 55.700
Deutsche Bank AG 4.200 9/25/2018 EUR 60.200
Goldman Sachs & Co Wertpap 20.000 7/25/2018 EUR 73.900
HSBC Trinkaus & Burkhardt 8.700 8/24/2018 EUR 43.730
Goldman Sachs & Co Wertpap 13.000 1/23/2019 EUR 70.910
Goldman Sachs & Co Wertpap 20.000 2/20/2019 EUR 68.520
Goldman Sachs & Co Wertpap 19.000 3/20/2019 EUR 69.330
Goldman Sachs & Co Wertpap 24.000 9/26/2018 EUR 65.240
Goldman Sachs & Co Wertpap 13.000 10/24/2018 EUR 70.170
Goldman Sachs & Co Wertpap 25.000 10/24/2018 EUR 65.450
Goldman Sachs & Co Wertpap 20.000 11/21/2018 EUR 67.270
Goldman Sachs & Co Wertpap 7.000 3/20/2019 EUR 73.560
Goldman Sachs & Co Wertpap 7.000 9/26/2018 EUR 70.820
UBS AG/London 8.750 8/28/2019 CHF 72.400
Landesbank Baden-Wuerttemb 3.100 10/25/2019 EUR 58.210
VTB Bank PJSC 9.000 8/14/2043 RUB 62.010
SG Issuer SA 0.800 11/30/2020 SEK 51.000
Landesbank Baden-Wuerttemb 2.800 11/23/2018 EUR 61.230
T-Generation CJSC 12.000 6/14/2019 RUB 0.500
DekaBank Deutsche Girozent 3.500 10/28/2019 EUR 42.610
Beluga Group PJSC 9.750 5/28/2020 RUB 65.000
Pongs & Zahn AG 8.500 EUR 0.002
getBACK SA 5.720 10/5/2019 PLN 15.000
Landesbank Hessen-Thuering 7.770 7/15/2021 EUR 59.970
Landesbank Hessen-Thuering 3.250 12/27/2018 EUR 73.700
SG Issuer SA 5.500 4/10/2021 EUR 65.970
Raiffeisen Schweiz Genosse 5.000 8/6/2018 CHF 69.970
Deutsche Bank AG 5.200 9/25/2018 EUR 74.000
Deutsche Bank AG 5.200 7/25/2018 EUR 67.600
Deutsche Bank AG 5.200 7/25/2018 EUR 70.600
DZ Bank AG Deutsche Zentra 9.000 9/28/2018 EUR 62.600
Bank Julius Baer & Co Ltd/ 5.800 7/13/2018 USD 67.550
HSBC Trinkaus & Burkhardt 5.600 7/27/2018 EUR 68.230
HSBC Trinkaus & Burkhardt 5.800 10/26/2018 EUR 69.660
Vontobel Financial Product 12.000 2/22/2019 EUR 70.860
Vontobel Financial Product 9.000 6/22/2018 EUR 70.280
Vontobel Financial Product 6.500 6/22/2018 EUR 72.980
HSBC Trinkaus & Burkhardt 5.400 6/28/2019 EUR 69.450
HSBC Trinkaus & Burkhardt 4.500 6/28/2019 EUR 72.410
Commerzbank AG 21.000 10/26/2018 EUR 68.290
HSBC Trinkaus & Burkhardt 3.200 6/22/2018 EUR 67.070
HSBC Trinkaus & Burkhardt 6.500 9/28/2018 EUR 64.760
Commerzbank AG 14.000 6/22/2018 EUR 60.900
Vontobel Financial Product 7.000 1/2/2019 EUR 62.040
HSBC Trinkaus & Burkhardt 4.700 9/28/2018 EUR 71.390
HSBC Trinkaus & Burkhardt 9.800 6/22/2018 EUR 45.410
HSBC Trinkaus & Burkhardt 5.400 6/22/2018 EUR 51.390
HSBC Trinkaus & Burkhardt 8.200 9/28/2018 EUR 65.410
HSBC Trinkaus & Burkhardt 4.100 6/22/2018 EUR 41.430
HSBC Trinkaus & Burkhardt 5.200 6/22/2018 EUR 67.070
HSBC Trinkaus & Burkhardt 8.700 6/22/2018 EUR 64.990
Vontobel Financial Product 6.500 1/2/2019 EUR 52.970
Vontobel Financial Product 4.050 9/28/2018 EUR 53.490
Polski Bank Spoldzielczy w 5.300 9/14/2027 PLN 55.010
Commerzbank AG 20.250 8/24/2018 EUR 68.500
Commerzbank AG 22.250 8/24/2018 EUR 66.580
BNP Paribas Emissions- und 6.000 12/31/2018 EUR 39.280
BNP Paribas Emissions- und 16.000 12/31/2018 EUR 44.400
Commerzbank AG 14.000 7/27/2018 EUR 63.320
Commerzbank AG 15.250 8/24/2018 EUR 40.100
Commerzbank AG 12.250 9/28/2018 EUR 42.930
BNP Paribas Emissions- und 19.000 12/31/2018 EUR 64.840
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 72.930
BNP Paribas Emissions- und 4.500 12/31/2018 EUR 70.490
BNP Paribas Emissions- und 5.500 12/31/2018 EUR 70.990
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 66.740
BNP Paribas Emissions- und 18.000 9/27/2018 EUR 67.170
BNP Paribas Emissions- und 25.000 9/27/2018 EUR 61.730
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 63.910
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 66.190
BNP Paribas Emissions- und 20.000 9/27/2018 EUR 59.860
BNP Paribas Emissions- und 16.000 12/31/2018 EUR 63.060
BNP Paribas Emissions- und 17.000 9/27/2018 EUR 70.770
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 65.450
BNP Paribas Emissions- und 18.000 9/27/2018 EUR 57.180
BNP Paribas Emissions- und 5.500 12/31/2018 EUR 72.770
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 64.400
BNP Paribas Emissions- und 17.000 9/27/2018 EUR 67.820
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 71.950
UniCredit Bank AG 3.600 1/5/2020 EUR 75.140
Commerzbank AG 10.000 8/24/2018 EUR 63.900
Vontobel Financial Product 8.550 9/28/2018 EUR 74.600
Vontobel Financial Product 7.000 1/2/2019 EUR 75.710
Vontobel Financial Product 8.000 1/2/2019 EUR 74.480
BNP Paribas Emissions- und 3.000 12/31/2018 EUR 71.480
BNP Paribas Emissions- und 6.500 12/31/2018 EUR 64.500
Commerzbank AG 14.750 7/27/2018 EUR 72.510
Commerzbank AG 12.500 11/23/2018 EUR 41.200
Commerzbank AG 12.000 8/24/2018 EUR 61.660
Commerzbank AG 9.250 9/28/2018 EUR 65.200
Commerzbank AG 10.250 9/28/2018 EUR 63.950
Commerzbank AG 11.750 10/26/2018 EUR 62.500
Commerzbank AG 5.250 11/23/2018 EUR 73.340
Commerzbank AG 7.250 11/23/2018 EUR 68.920
Commerzbank AG 8.250 11/23/2018 EUR 67.180
Commerzbank AG 9.250 11/23/2018 EUR 65.750
Commerzbank AG 11.250 11/23/2018 EUR 63.360
Commerzbank AG 6.500 11/23/2018 EUR 47.980
DZ Bank AG Deutsche Zentra 6.250 3/20/2019 EUR 69.610
HSBC Trinkaus & Burkhardt 10.900 6/28/2019 EUR 67.850
DZ Bank AG Deutsche Zentra 7.750 9/26/2018 EUR #N/A N/A
DZ Bank AG Deutsche Zentra 4.250 12/28/2018 EUR 69.540
Goldman Sachs & Co Wertpap 15.000 11/21/2018 EUR 69.540
Commerzbank AG 14.250 7/27/2018 EUR 67.650
Commerzbank AG 13.750 8/24/2018 EUR 68.470
Commerzbank AG 15.250 6/22/2018 EUR 72.510
Commerzbank AG 11.000 9/28/2018 EUR 72.590
Commerzbank AG 12.000 9/28/2018 EUR 71.020
Commerzbank AG 3.750 9/28/2018 EUR 55.730
Commerzbank AG 5.750 9/28/2018 EUR 47.590
Commerzbank AG 7.750 9/28/2018 EUR 43.250
Commerzbank AG 9.750 9/28/2018 EUR 40.560
Commerzbank AG 11.750 9/28/2018 EUR 38.590
Commerzbank AG 6.000 9/28/2018 EUR 69.490
Commerzbank AG 7.000 9/28/2018 EUR 68.120
Commerzbank AG 8.000 9/28/2018 EUR 67.010
Vontobel Financial Product 8.500 9/28/2018 EUR 67.340
Deutsche Bank AG 4.200 12/27/2018 EUR 63.900
Credit Suisse AG/London 8.250 9/27/2018 USD 53.170
Leonteq Securities AG/Guer 10.200 12/20/2018 CHF 57.500
Leonteq Securities AG/Guer 12.200 12/20/2018 USD 57.680
Commerzbank AG 4.000 8/24/2018 EUR 52.150
DZ Bank AG Deutsche Zentra 5.000 3/20/2019 EUR 73.880
Commerzbank AG 15.250 1/25/2019 EUR 63.480
Deutsche Bank AG 4.200 12/27/2018 EUR 71.700
Deutsche Bank AG 4.200 12/27/2018 EUR 69.200
Deutsche Bank AG 4.200 6/25/2019 EUR 72.900
Deutsche Bank AG 4.200 9/24/2019 EUR 73.500
Samolet Group 13.500 10/30/2026 RUB 100.000
DZ Bank AG Deutsche Zentra 5.000 9/28/2018 EUR 68.950
Leonteq Securities AG 8.200 11/23/2018 USD 45.530
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 69.120
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 70.900
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 40.180
BNP Paribas Emissions- und 8.500 9/27/2018 EUR 74.210
Deutsche Bank AG 6.200 9/25/2018 EUR 69.800
Deutsche Bank AG 4.200 12/27/2018 EUR 69.800
Vontobel Financial Product 7.500 9/28/2018 EUR 69.580
Deutsche Bank AG 4.200 9/24/2019 EUR 70.500
Deutsche Bank AG 4.200 12/24/2019 EUR 71.000
Deutsche Bank AG 4.200 6/25/2019 EUR 69.900
Commerzbank AG 6.000 8/24/2018 EUR 44.070
Leonteq Securities AG/Guer 10.000 12/19/2018 CHF 38.630
BNP Paribas Emissions- und 9.000 9/27/2018 EUR 67.450
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 73.900
BNP Paribas Emissions- und 6.000 9/27/2018 EUR 41.560
BNP Paribas Emissions- und 11.000 9/27/2018 EUR 71.730
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 72.260
BNP Paribas Emissions- und 8.500 9/27/2018 EUR 71.950
Vontobel Financial Product 13.000 9/28/2018 EUR 66.420
Deutsche Bank AG 6.200 9/25/2018 EUR 63.600
Deutsche Bank AG 6.200 12/27/2018 EUR 70.800
Polski Bank Spoldzielczy w 4.780 11/26/2024 PLN 60.000
Landesbank Baden-Wuerttemb 2.500 8/24/2018 EUR 69.780
Zurcher Kantonalbank Finan 7.820 8/6/2018 EUR 50.800
Intertekhelektro-Novaya Ge 8.500 4/21/2020 RUB 65.000
Landesbank Baden-Wuerttemb 3.400 9/28/2018 EUR 41.610
DekaBank Deutsche Girozent 3.000 8/16/2019 EUR 59.410
Landesbank Baden-Wuerttemb 3.000 11/23/2018 EUR 63.170
Landesbank Baden-Wuerttemb 3.000 8/24/2018 EUR 67.490
getBACK SA 5.680 10/30/2019 PLN 20.000
DekaBank Deutsche Girozent 2.600 10/12/2018 EUR 52.080
Leonteq Securities AG 7.000 8/22/2018 CHF 42.890
Landesbank Baden-Wuerttemb 3.000 9/27/2019 EUR 55.360
Landesbank Baden-Wuerttemb 3.350 11/23/2018 EUR 53.530
UniCredit Bank AG 4.100 10/1/2020 EUR 55.130
Leonteq Securities AG 5.000 9/4/2018 CHF 64.140
AKB Derzhava OJSC 15.000 9/12/2025 RUB 100.000
Rossiysky Capital OJSC 7.750 1/16/2020 RUB 61.900
Landesbank Hessen-Thuering 8.000 11/17/2020 EUR 73.480
UniCredit Bank AG 4.400 12/17/2019 EUR 70.910
Landesbank Baden-Wuerttemb 2.600 8/23/2019 EUR 46.150
EFG International Finance 7.200 7/29/2020 EUR 18.580
Leonteq Securities AG 5.200 8/14/2018 CHF 73.060
Rosbank PJSC 0.030 4/30/2024 RUB 100.000
UBS AG/London 5.000 8/6/2018 CHF 73.950
UniCredit Bank AG 6.800 6/22/2018 EUR 72.630
Raiffeisen Centrobank AG 10.954 6/25/2019 EUR 73.730
DZ Bank AG Deutsche Zentra 8.250 6/22/2018 EUR 67.200
UniCredit Bank AG 4.300 6/29/2018 EUR 57.020
Vontobel Financial Product 8.150 9/14/2018 EUR 60.960
Vontobel Financial Product 7.800 9/14/2018 EUR 60.660
Leonteq Securities AG 15.000 8/22/2018 CHF 71.820
Deutsche Bank AG 4.200 9/25/2018 EUR 73.600
Deutsche Bank AG 6.200 9/25/2018 EUR 71.300
Deutsche Bank AG 4.200 12/27/2018 EUR 75.000
UniCredit Bank AG 13.300 6/22/2018 EUR 74.860
DZ Bank AG Deutsche Zentra 7.600 1/2/2019 EUR 61.900
Landesbank Baden-Wuerttemb 7.000 1/25/2019 EUR 71.520
Credit Suisse AG/London 8.000 8/22/2018 CHF 68.100
Landesbank Baden-Wuerttemb 5.000 6/28/2019 EUR 71.240
Deutsche Bank AG 6.200 6/24/2019 EUR 72.990
DZ Bank AG Deutsche Zentra 11.750 1/2/2019 EUR 73.130
Raiffeisen Schweiz Genosse 4.200 5/22/2019 CHF 70.270
VTB Bank PJSC 9.000 11/26/2043 RUB 62.010
SG Issuer SA 0.800 10/21/2020 SEK 57.890
Leonteq Securities AG/Guer 5.000 12/27/2019 EUR 65.340
Landesbank Baden-Wuerttemb 3.150 6/22/2018 EUR 41.160
Landesbank Baden-Wuerttemb 3.300 6/22/2018 EUR 42.180
Raiffeisen Centrobank AG 10.627 9/25/2018 EUR 74.160
Raiffeisen Centrobank AG 8.635 9/25/2018 EUR 59.840
Raiffeisen Centrobank AG 10.627 9/25/2018 EUR 60.220
Raiffeisen Centrobank AG 7.970 9/25/2018 EUR 74.470
Landesbank Baden-Wuerttemb 3.000 9/28/2018 EUR 72.320
Landesbank Baden-Wuerttemb 4.000 9/28/2018 EUR 68.490
HSBC Trinkaus & Burkhardt 9.000 7/27/2018 EUR 68.600
DZ Bank AG Deutsche Zentra 6.000 6/22/2018 EUR 61.790
DZ Bank AG Deutsche Zentra 8.000 6/22/2018 EUR 58.920
Vontobel Financial Product 11.500 6/22/2018 EUR 52.970
Credit Suisse AG/Nassau 8.250 7/10/2018 EUR 65.960
UniCredit Bank AG 13.000 6/22/2018 EUR 72.040
UniCredit Bank AG 9.000 6/22/2018 EUR 72.160
UniCredit Bank AG 14.600 6/22/2018 EUR 59.160
Leonteq Securities AG 8.400 7/10/2018 CHF 45.140
Leonteq Securities AG 10.000 7/10/2018 USD 45.450
UniCredit Bank AG 14.000 6/22/2018 EUR 70.560
UniCredit Bank AG 3.500 6/22/2018 EUR 74.420
UniCredit Bank AG 4.700 6/22/2018 EUR 69.730
UniCredit Bank AG 4.000 6/22/2018 EUR 71.750
UniCredit Bank AG 5.400 6/22/2018 EUR 67.780
UniCredit Bank AG 10.800 6/22/2018 EUR 58.690
UniCredit Bank AG 7.000 6/22/2018 EUR 64.240
UniCredit Bank AG 8.800 6/22/2018 EUR 61.080
UniCredit Bank AG 7.900 6/22/2018 EUR 62.630
UniCredit Bank AG 9.800 6/22/2018 EUR 59.590
UniCredit Bank AG 11.800 6/22/2018 EUR 56.880
UniCredit Bank AG 10.700 6/22/2018 EUR 67.220
UniCredit Bank AG 11.700 6/22/2018 EUR 65.000
UniCredit Bank AG 9.800 6/22/2018 EUR 69.600
UniCredit Bank AG 12.600 6/22/2018 EUR 62.920
UniCredit Bank AG 8.100 6/22/2018 EUR 74.910
UniCredit Bank AG 15.000 6/22/2018 EUR 53.210
UniCredit Bank AG 6.200 6/22/2018 EUR 65.960
UniCredit Bank AG 13.900 6/22/2018 EUR 54.370
UniCredit Bank AG 12.800 6/22/2018 EUR 55.610
UniCredit Bank AG 12.000 6/22/2018 EUR 73.580
UniCredit Bank AG 13.600 6/22/2018 EUR 60.980
UniCredit Bank AG 14.900 6/22/2018 EUR 73.370
UniCredit Bank AG 13.800 6/22/2018 EUR 74.980
DZ Bank AG Deutsche Zentra 7.200 6/22/2018 EUR 74.240
DZ Bank AG Deutsche Zentra 9.900 6/22/2018 EUR 69.610
BNP Paribas Emissions- und 4.500 9/27/2018 EUR 74.030
BNP Paribas Emissions- und 5.000 9/27/2018 EUR 68.970
BNP Paribas Emissions- und 3.500 9/27/2018 EUR 62.860
DZ Bank AG Deutsche Zentra 5.250 6/22/2018 EUR 64.470
DZ Bank AG Deutsche Zentra 5.200 6/22/2018 EUR 71.910
DZ Bank AG Deutsche Zentra 5.300 6/22/2018 EUR 65.840
DZ Bank AG Deutsche Zentra 8.000 6/22/2018 EUR 61.420
DZ Bank AG Deutsche Zentra 9.500 6/22/2018 EUR 58.460
EFG International Finance 8.000 4/21/2020 USD 57.100
DZ Bank AG Deutsche Zentra 7.000 6/22/2018 EUR 70.700
DZ Bank AG Deutsche Zentra 6.500 6/22/2018 EUR 70.240
DZ Bank AG Deutsche Zentra 5.250 6/22/2018 EUR 65.030
Vontobel Financial Product 11.250 6/22/2018 EUR 63.710
Vontobel Financial Product 8.000 6/22/2018 EUR 63.840
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 68.780
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 57.970
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 55.910
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 50.480
BNP Paribas Emissions- und 18.000 9/27/2018 EUR 48.130
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 59.220
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 58.230
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 71.130
BNP Paribas Emissions- und 6.500 9/27/2018 EUR 71.760
BNP Paribas Emissions- und 8.000 9/27/2018 EUR 69.660
BNP Paribas Emissions- und 17.000 9/27/2018 EUR 60.030
BNP Paribas Emissions- und 6.500 12/31/2018 EUR 73.270
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 70.680
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 67.970
BNP Paribas Emissions- und 14.000 12/31/2018 EUR 70.980
Deutsche Bank AG 4.200 10/24/2018 EUR 74.000
Deutsche Bank AG 4.200 6/25/2019 EUR 71.300
DZ Bank AG Deutsche Zentra 6.750 3/18/2019 EUR 66.880
DZ Bank AG Deutsche Zentra 7.500 9/24/2018 EUR 68.870
DZ Bank AG Deutsche Zentra 5.250 1/2/2019 EUR 71.430
Commerzbank AG 3.250 10/26/2018 EUR 49.930
Commerzbank AG 17.000 6/22/2018 EUR 72.350
Commerzbank AG 21.000 6/22/2018 EUR 66.840
Commerzbank AG 19.000 7/27/2018 EUR 62.800
Commerzbank AG 13.500 8/24/2018 EUR 71.640
Commerzbank AG 17.500 8/24/2018 EUR 64.700
Commerzbank AG 19.500 8/24/2018 EUR 62.240
Commerzbank AG 14.000 9/28/2018 EUR 70.230
Commerzbank AG 18.000 9/28/2018 EUR 63.960
Commerzbank AG 13.000 10/26/2018 EUR 72.020
Commerzbank AG 16.250 11/23/2018 EUR 66.320
Vontobel Financial Product 8.000 11/23/2018 EUR 60.410
Commerzbank AG 7.750 8/24/2018 EUR 70.720
Commerzbank AG 8.000 9/28/2018 EUR 70.660
Commerzbank AG 15.500 7/27/2018 EUR 37.870
Commerzbank AG 7.250 10/26/2018 EUR 47.630
Commerzbank AG 9.250 10/26/2018 EUR 44.650
Landesbank Hessen-Thuering 4.000 6/21/2019 EUR 64.200
Deutsche Bank AG 6.200 9/25/2018 EUR 70.100
Deutsche Bank AG 6.200 9/25/2018 EUR 64.400
Deutsche Bank AG 6.200 12/27/2018 EUR 71.500
Deutsche Bank AG 6.200 12/27/2018 EUR 65.900
Deutsche Bank AG 8.200 9/25/2018 EUR 70.600
Commerzbank AG 11.500 7/27/2018 EUR 65.960
Commerzbank AG 12.750 7/27/2018 EUR 70.810
Vontobel Financial Product 5.500 1/2/2019 EUR 72.620
Vontobel Financial Product 7.500 1/2/2019 EUR 69.000
Vontobel Financial Product 9.500 1/2/2019 EUR 65.880
Vontobel Financial Product 10.550 1/2/2019 EUR 64.530
Vontobel Financial Product 11.500 1/2/2019 EUR 63.240
Vontobel Financial Product 7.500 9/28/2018 EUR 67.190
Vontobel Financial Product 10.550 9/28/2018 EUR 63.730
DZ Bank AG Deutsche Zentra 6.500 12/24/2018 EUR 58.760
DZ Bank AG Deutsche Zentra 5.600 3/18/2019 EUR 68.660
DZ Bank AG Deutsche Zentra 5.400 9/24/2018 EUR 70.530
DZ Bank AG Deutsche Zentra 7.200 9/24/2018 EUR 66.560
DZ Bank AG Deutsche Zentra 6.800 12/24/2018 EUR 68.080
DZ Bank AG Deutsche Zentra 5.250 9/28/2018 EUR 69.170
DZ Bank AG Deutsche Zentra 5.250 3/22/2019 EUR 71.310
DZ Bank AG Deutsche Zentra 8.250 1/2/2019 EUR 65.470
DZ Bank AG Deutsche Zentra 8.500 9/28/2018 EUR 69.210
Commerzbank AG 9.500 10/26/2018 EUR 65.080
DZ Bank AG Deutsche Zentra 6.500 3/18/2019 EUR 60.180
Vontobel Financial Product 6.000 9/28/2018 EUR 44.950
Vontobel Financial Product 8.500 9/28/2018 EUR 41.870
Vontobel Financial Product 12.000 9/28/2018 EUR 39.630
Vontobel Financial Product 9.500 1/2/2019 EUR 41.460
Vontobel Financial Product 11.500 1/2/2019 EUR 40.610
Vontobel Financial Product 5.550 9/28/2018 EUR 71.510
Commerzbank AG 7.000 1/2/2019 EUR 72.030
Commerzbank AG 8.000 1/2/2019 EUR 69.850
Commerzbank AG 9.000 1/2/2019 EUR 68.410
Commerzbank AG 10.000 1/2/2019 EUR 66.970
Commerzbank AG 11.000 1/2/2019 EUR 65.560
Commerzbank AG 12.000 1/2/2019 EUR 64.610
Commerzbank AG 14.750 1/2/2019 EUR 70.410
Commerzbank AG 16.750 1/2/2019 EUR 68.170
Commerzbank AG 6.750 1/2/2019 EUR 70.720
Commerzbank AG 7.750 1/2/2019 EUR 69.710
Commerzbank AG 8.750 1/2/2019 EUR 68.830
Commerzbank AG 15.000 7/27/2018 EUR 59.790
Commerzbank AG 14.250 8/24/2018 EUR 60.790
Commerzbank AG 13.500 9/28/2018 EUR 61.900
Commerzbank AG 13.000 10/26/2018 EUR 62.710
Commerzbank AG 12.500 11/23/2018 EUR 63.500
Commerzbank AG 15.000 6/22/2018 EUR 63.990
Commerzbank AG 10.250 9/28/2018 EUR 44.790
Landesbank Baden-Wuerttemb 4.600 1/25/2019 EUR 59.910
BNP Paribas Emissions- und 15.000 12/31/2018 EUR 69.750
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 65.380
EFG International Finance 13.000 12/6/2018 EUR 71.770
Zurcher Kantonalbank Finan 4.750 11/30/2018 CHF 55.370
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 71.740
BNP Paribas Emissions- und 22.000 9/27/2018 EUR 63.200
BNP Paribas Emissions- und 13.000 12/31/2018 EUR 73.240
Bank Julius Baer & Co Ltd/ 7.800 11/30/2018 USD 73.350
BNP Paribas Emissions- und 7.500 9/27/2018 EUR 67.230
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 59.540
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 69.120
Commerzbank AG 5.750 6/22/2018 EUR 71.720
Vontobel Financial Product 10.550 9/28/2018 EUR 73.230
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 70.360
Commerzbank AG 10.500 11/23/2018 EUR 42.700
Commerzbank AG 11.000 8/24/2018 EUR 62.740
Commerzbank AG 13.000 8/24/2018 EUR 60.740
Commerzbank AG 11.250 9/28/2018 EUR 62.800
Commerzbank AG 12.250 9/28/2018 EUR 61.790
Commerzbank AG 6.250 11/23/2018 EUR 70.880
Commerzbank AG 10.250 11/23/2018 EUR 64.430
Commerzbank AG 4.500 11/23/2018 EUR 53.450
Commerzbank AG 8.500 11/23/2018 EUR 44.780
Vontobel Financial Product 8.500 1/2/2019 EUR 70.560
Vontobel Financial Product 9.550 9/28/2018 EUR 63.530
Vontobel Financial Product 10.500 1/2/2019 EUR 64.190
Vontobel Financial Product 15.000 1/2/2019 EUR 66.520
DekaBank Deutsche Girozent 3.500 12/20/2018 EUR 58.610
DZ Bank AG Deutsche Zentra 8.250 3/20/2019 EUR 65.480
DZ Bank AG Deutsche Zentra 8.500 12/28/2018 EUR #N/A N/A
Rosselkhozbank JSC 12.870 12/21/2021 RUB 71.010
Vontobel Financial Product 8.500 1/2/2019 EUR 54.000
Vontobel Financial Product 7.500 1/2/2019 EUR 53.490
Vontobel Financial Product 4.050 9/14/2018 EUR 73.660
Vontobel Financial Product 9.800 9/14/2018 EUR 57.850
Deutsche Bank AG 6.200 3/19/2019 EUR 71.300
Deutsche Bank AG 6.200 6/25/2019 EUR 73.400
Goldman Sachs & Co Wertpap 7.000 9/26/2018 EUR 66.790
UniCredit Bank AG 14.600 6/22/2018 EUR 73.000
Deutsche Bank AG 5.200 12/24/2019 EUR 74.200
UniCredit Bank AG 8.100 6/22/2018 EUR 63.430
UniCredit Bank AG 10.000 6/22/2018 EUR 60.350
UniCredit Bank AG 13.100 6/22/2018 EUR 56.230
UniCredit Bank AG 9.000 6/22/2018 EUR 61.860
DZ Bank AG Deutsche Zentra 10.250 6/22/2018 EUR 62.750
DZ Bank AG Deutsche Zentra 10.750 8/24/2018 EUR 61.920
Raiffeisen Schweiz Genosse 7.600 8/22/2018 CHF 55.660
Deutsche Bank AG 4.200 9/25/2018 EUR 70.800
DZ Bank AG Deutsche Zentra 7.250 6/22/2018 EUR 70.650
DZ Bank AG Deutsche Zentra 8.250 12/24/2018 EUR 65.300
DZ Bank AG Deutsche Zentra 5.000 12/24/2018 EUR 66.990
DZ Bank AG Deutsche Zentra 6.250 12/24/2018 EUR 58.680
DZ Bank AG Deutsche Zentra 13.500 6/22/2018 EUR 58.590
UniCredit Bank AG 14.900 6/22/2018 EUR 57.540
UniCredit Bank AG 10.500 6/22/2018 EUR 44.040
UniCredit Bank AG 9.500 6/22/2018 EUR 64.440
UniCredit Bank AG 13.800 6/22/2018 EUR 71.120
DZ Bank AG Deutsche Zentra 6.800 12/24/2018 EUR 64.560
DZ Bank AG Deutsche Zentra 5.000 3/18/2019 EUR 64.750
DZ Bank AG Deutsche Zentra 9.750 6/22/2018 EUR 69.050
DZ Bank AG Deutsche Zentra 8.250 1/2/2019 EUR 67.260
DZ Bank AG Deutsche Zentra 7.250 6/22/2018 EUR 58.920
DZ Bank AG Deutsche Zentra 6.250 9/28/2018 EUR 54.400
Leonteq Securities AG/Guer 10.000 6/20/2019 CHF 74.490
DZ Bank AG Deutsche Zentra 6.400 9/24/2018 EUR 64.790
DZ Bank AG Deutsche Zentra 6.000 12/24/2018 EUR 66.110
DZ Bank AG Deutsche Zentra 4.600 3/18/2019 EUR 66.390
DZ Bank AG Deutsche Zentra 10.250 9/28/2018 EUR 71.670
DZ Bank AG Deutsche Zentra 10.500 6/22/2018 EUR 54.130
DZ Bank AG Deutsche Zentra 8.750 1/2/2019 EUR 44.850
DZ Bank AG Deutsche Zentra 12.250 1/2/2019 EUR 72.180
Vontobel Financial Product 5.050 9/28/2018 EUR 53.750
Vontobel Financial Product 11.550 1/2/2019 EUR 55.580
Vontobel Financial Product 13.500 9/28/2018 EUR 55.910
Vontobel Financial Product 12.550 1/2/2019 EUR 56.100
DZ Bank AG Deutsche Zentra 8.500 9/28/2018 EUR 60.630
BNP Paribas Emissions- und 13.000 9/27/2018 EUR 34.440
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 38.030
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 65.880
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 70.270
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 67.770
BNP Paribas Emissions- und 12.000 9/27/2018 EUR 66.970
BNP Paribas Emissions- und 16.000 9/27/2018 EUR 71.990
BNP Paribas Emissions- und 9.500 9/27/2018 EUR 72.510
BNP Paribas Emissions- und 12.000 12/31/2018 EUR 69.300
BNP Paribas Emissions- und 6.500 9/27/2018 EUR 73.600
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 72.140
BNP Paribas Emissions- und 8.000 9/27/2018 EUR 72.390
BNP Paribas Emissions- und 8.500 9/27/2018 EUR 71.000
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 74.380
BNP Paribas Emissions- und 7.500 12/31/2018 EUR 73.130
BNP Paribas Emissions- und 9.500 12/31/2018 EUR 69.970
Commerzbank AG 13.500 8/24/2018 EUR 36.380
Landesbank Baden-Wuerttemb 7.000 11/23/2018 EUR 71.410
Commerzbank AG 6.500 8/24/2018 EUR 68.190
Commerzbank AG 5.000 10/26/2018 EUR 72.590
Commerzbank AG 7.000 10/26/2018 EUR 68.070
HSBC Trinkaus & Burkhardt 5.900 9/28/2018 EUR 70.230
HSBC Trinkaus & Burkhardt 7.300 12/28/2018 EUR 69.320
HSBC Trinkaus & Burkhardt 5.600 12/28/2018 EUR 71.160
HSBC Trinkaus & Burkhardt 4.000 6/22/2018 EUR 74.910
HSBC Trinkaus & Burkhardt 9.600 12/28/2018 EUR 66.050
HSBC Trinkaus & Burkhardt 11.100 9/28/2018 EUR 68.830
Vontobel Financial Product 17.000 9/28/2018 EUR 69.280
Vontobel Financial Product 13.500 9/28/2018 EUR 68.390
DZ Bank AG Deutsche Zentra 8.250 3/18/2019 EUR 63.390
DZ Bank AG Deutsche Zentra 7.750 9/24/2018 EUR 66.010
Commerzbank AG 13.500 9/28/2018 EUR 39.050
Leonteq Securities AG/Guer 13.400 2/27/2019 EUR 67.900
DZ Bank AG Deutsche Zentra 8.500 1/2/2019 EUR 73.130
DZ Bank AG Deutsche Zentra 5.750 6/22/2018 EUR #N/A N/A
DZ Bank AG Deutsche Zentra 12.250 6/22/2018 EUR 73.640
DZ Bank AG Deutsche Zentra 4.250 9/28/2018 EUR 73.190
Commerzbank AG 13.250 10/26/2018 EUR 41.050
Commerzbank AG 7.000 9/28/2018 EUR 72.530
Commerzbank AG 5.250 10/26/2018 EUR 52.340
Commerzbank AG 11.250 10/26/2018 EUR 42.590
Deutsche Bank AG 4.200 9/25/2018 EUR 69.600
Deutsche Bank AG 4.200 9/25/2018 EUR 63.900
Deutsche Bank AG 4.200 12/27/2018 EUR 70.500
Deutsche Bank AG 4.200 12/27/2018 EUR 64.900
Commerzbank AG 8.750 8/24/2018 EUR 68.540
Commerzbank AG 17.000 6/22/2018 EUR 40.960
Deutsche Bank AG 8.200 12/27/2018 EUR 72.500
Deutsche Bank AG 8.200 9/25/2018 EUR 68.400
Deutsche Bank AG 8.200 12/27/2018 EUR 70.000
Vontobel Financial Product 7.500 1/2/2019 EUR 71.550
Vontobel Financial Product 10.000 11/23/2018 EUR 64.300
Vontobel Financial Product 14.000 9/28/2018 EUR 60.920
Vontobel Financial Product 6.500 1/2/2019 EUR 70.750
Vontobel Financial Product 8.550 1/2/2019 EUR 67.400
Vontobel Financial Product 13.000 1/2/2019 EUR 62.340
Vontobel Financial Product 6.500 9/28/2018 EUR 69.260
Vontobel Financial Product 9.050 9/28/2018 EUR 65.400
Vontobel Financial Product 12.000 9/28/2018 EUR 62.180
DZ Bank AG Deutsche Zentra 6.300 9/24/2018 EUR 68.400
DZ Bank AG Deutsche Zentra 6.100 12/24/2018 EUR 69.730
DZ Bank AG Deutsche Zentra 5.100 3/18/2019 EUR 70.290
DZ Bank AG Deutsche Zentra 5.000 1/2/2019 EUR 68.430
DZ Bank AG Deutsche Zentra 7.750 6/22/2018 EUR 69.660
Commerzbank AG 6.750 6/22/2018 EUR 68.700
Commerzbank AG 26.750 6/22/2018 EUR 66.560
DZ Bank AG Deutsche Zentra 5.000 3/18/2019 EUR 61.870
Vontobel Financial Product 14.550 9/28/2018 EUR 38.450
Vontobel Financial Product 4.500 9/28/2018 EUR 73.910
Zurcher Kantonalbank Finan 6.509 10/5/2018 CHF 44.630
Kontsessii Vodosnabzheniya 12.000 4/7/2031 RUB 62.430
Araratbank OJSC 7.000 6/18/2019 USD 25.545
Leonteq Securities AG 10.200 10/24/2018 EUR 63.820
Raiffeisen Schweiz Genosse 6.500 7/2/2018 USD 69.940
Leonteq Securities AG 8.400 9/27/2018 USD 45.140
Landesbank Hessen-Thuering 4.000 10/14/2020 EUR 67.790
DZ Bank AG Deutsche Zentra 15.000 8/22/2018 EUR 70.590
Vontobel Financial Product 7.550 6/22/2018 EUR 71.980
Commerzbank AG 19.000 10/26/2018 EUR 70.130
Commerzbank AG 18.000 11/23/2018 EUR 71.300
HSBC Trinkaus & Burkhardt 4.200 12/28/2018 EUR 71.170
Deutsche Bank AG 5.200 7/25/2018 EUR 73.300
Deutsche Bank AG 5.200 7/25/2018 EUR 63.600
Deutsche Bank AG 5.200 12/27/2018 EUR 69.500
HSBC Trinkaus & Burkhardt 5.600 12/28/2018 EUR 68.760
Commerzbank AG 3.000 11/23/2018 EUR 63.580
BNP Paribas Emissions- und 9.500 9/27/2018 EUR 70.930
BNP Paribas Emissions- und 8.500 12/31/2018 EUR 72.530
Deutsche Bank AG 4.200 10/24/2018 EUR 68.900
Deutsche Bank AG 4.200 11/21/2018 EUR 69.300
Deutsche Bank AG 4.200 3/19/2019 EUR 71.200
DZ Bank AG Deutsche Zentra 4.750 3/18/2019 EUR 72.430
DZ Bank AG Deutsche Zentra 6.200 3/18/2019 EUR 73.850
DZ Bank AG Deutsche Zentra 5.250 12/24/2018 EUR 69.640
DZ Bank AG Deutsche Zentra 5.000 3/18/2019 EUR 70.640
Commerzbank AG 19.000 6/22/2018 EUR 69.380
Commerzbank AG 15.000 7/27/2018 EUR 68.850
Commerzbank AG 17.000 7/27/2018 EUR 65.460
Commerzbank AG 21.000 7/27/2018 EUR 60.390
Commerzbank AG 23.000 7/27/2018 EUR 58.380
Commerzbank AG 15.500 8/24/2018 EUR 67.850
Commerzbank AG 21.500 8/24/2018 EUR 59.900
Commerzbank AG 16.000 9/28/2018 EUR 66.770
Commerzbank AG 20.000 9/28/2018 EUR 61.520
Commerzbank AG 15.000 10/26/2018 EUR 68.270
Commerzbank AG 17.000 10/26/2018 EUR 65.250
Commerzbank AG 19.000 10/26/2018 EUR 62.710
Commerzbank AG 14.250 11/23/2018 EUR 69.440
Commerzbank AG 18.250 11/23/2018 EUR 63.580
Vontobel Financial Product 7.500 11/23/2018 EUR 71.830
DZ Bank AG Deutsche Zentra 5.250 1/2/2019 EUR 66.840
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 38.600
BNP Paribas Emissions- und 7.000 12/31/2018 EUR 40.430
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 39.150
BNP Paribas Emissions- und 7.500 9/27/2018 EUR 70.430
BNP Paribas Emissions- und 6.500 12/31/2018 EUR 71.520
BNP Paribas Emissions- und 15.000 9/27/2018 EUR 68.840
Vontobel Financial Product 7.000 1/25/2019 EUR 66.760
BNP Paribas Emissions- und 14.000 9/27/2018 EUR 66.690
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 70.920
BNP Paribas Emissions- und 9.500 6/27/2019 EUR 73.770
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 69.210
BNP Paribas Emissions- und 9.000 12/31/2018 EUR 71.740
BNP Paribas Emissions- und 11.000 12/31/2018 EUR 68.210
Leonteq Securities AG/Guer 8.000 12/27/2019 EUR 66.640
EFG International Finance 10.000 12/28/2018 EUR 69.640
Landesbank Hessen-Thuering 7.250 3/15/2023 EUR 69.490
Raiffeisen Schweiz Genosse 8.750 12/27/2018 CHF 48.910
Commerzbank AG 4.500 6/22/2018 EUR 73.370
Commerzbank AG 5.500 8/24/2018 EUR 70.370
Commerzbank AG 5.750 9/28/2018 EUR 70.130
Commerzbank AG 6.000 10/26/2018 EUR 70.180
Commerzbank AG 8.000 10/26/2018 EUR 66.380
HSBC Trinkaus & Burkhardt 16.000 6/22/2018 EUR 70.140
Vontobel Financial Product 15.550 9/28/2018 EUR 68.910
DZ Bank AG Deutsche Zentra 8.250 12/24/2018 EUR 61.570
DZ Bank AG Deutsche Zentra 8.750 12/24/2018 EUR 68.430
EFG International Finance 12.600 11/29/2018 EUR 65.020
DZ Bank AG Deutsche Zentra 5.250 3/22/2019 EUR 64.900
DZ Bank AG Deutsche Zentra 13.000 6/22/2018 EUR 71.590
DZ Bank AG Deutsche Zentra 12.250 6/22/2018 EUR 70.040
DZ Bank AG Deutsche Zentra 8.000 6/22/2018 EUR 70.000
DZ Bank AG Deutsche Zentra 9.250 6/22/2018 EUR 67.210
Commerzbank AG 13.000 3/13/2023 USD 9.250
Raiffeisen Schweiz Genosse 5.000 8/29/2018 CHF 73.230
BNP Paribas Emissions- und 8.000 12/31/2018 EUR 40.310
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 41.330
DZ Bank AG Deutsche Zentra 4.750 9/24/2018 EUR 56.710
Bank Julius Baer & Co Ltd/ 5.600 12/5/2018 CHF 75.050
BNP Paribas Emissions- und 19.000 12/31/2018 EUR 45.940
DZ Bank AG Deutsche Zentra 8.250 12/24/2018 EUR 62.410
HSBC Trinkaus & Burkhardt 7.000 12/28/2018 EUR 60.900
BNP Paribas Emissions- und 13.000 12/31/2018 EUR 42.870
DekaBank Deutsche Girozent 3.000 1/7/2019 EUR 67.110
Credit Suisse AG/London 9.000 1/23/2020 USD 7.920
Vontobel Financial Product 6.500 1/2/2019 EUR 70.470
Raiffeisen Schweiz Genosse 10.000 12/31/2024 CHF 71.940
Vontobel Financial Product 7.000 12/27/2019 EUR 68.260
Vontobel Financial Product 9.500 9/28/2018 EUR 68.300
Polski Bank Spoldzielczy w 4.780 6/18/2020 PLN 50.000
BNP Paribas Emissions- und 3.000 12/31/2018 EUR 71.480
Vontobel Financial Product 6.000 1/2/2019 EUR 65.040
UniCredit Bank AG 3.500 1/29/2020 EUR 47.810
Vontobel Financial Product 7.500 1/2/2019 EUR 65.820
Vontobel Financial Product 8.000 9/28/2018 EUR 67.870
Vontobel Financial Product 8.500 1/2/2019 EUR 67.380
Vontobel Financial Product 10.000 1/2/2019 EUR 68.200
UniCredit Bank AG 3.500 12/19/2019 EUR 51.250
EFG International Finance 7.000 11/27/2019 EUR 10.020
Commerzbank AG 8.250 10/26/2018 EUR 69.540
Commerzbank AG 9.500 9/28/2018 EUR 67.940
Landesbank Hessen-Thuering 4.250 7/9/2019 EUR 62.800
Vontobel Financial Product 6.550 9/28/2018 EUR 67.450
Vontobel Financial Product 10.500 1/2/2019 EUR 55.040
Vontobel Financial Product 5.500 1/2/2019 EUR 52.450
Vontobel Financial Product 10.500 9/28/2018 EUR 55.140
Raiffeisen Schweiz Genosse 3.000 9/22/2020 CHF 73.580
DekaBank Deutsche Girozent 2.750 7/17/2019 EUR 48.050
HSBC Trinkaus & Burkhardt 9.900 12/28/2018 EUR 63.960
Vontobel Financial Product 2.850 9/21/2018 EUR 73.440
Vontobel Financial Product 12.000 12/14/2018 EUR 61.220
Vontobel Financial Product 14.900 12/14/2018 EUR 70.200
HSBC Trinkaus & Burkhardt 5.600 8/24/2018 EUR 68.720
Vontobel Financial Product 9.400 12/14/2018 EUR 63.460
Vontobel Financial Product 10.700 12/14/2018 EUR 62.280
Vontobel Financial Product 12.000 9/14/2018 EUR 72.190
HSBC Trinkaus & Burkhardt 7.700 12/28/2018 EUR 67.090
HSBC Trinkaus & Burkhardt 5.800 3/22/2019 EUR 71.600
HSBC Trinkaus & Burkhardt 5.800 11/23/2018 EUR 70.050
Vontobel Financial Product 15.450 9/14/2018 EUR 69.240
HSBC Trinkaus & Burkhardt 5.000 12/28/2018 EUR 72.020
Vontobel Financial Product 12.800 9/21/2018 EUR 71.490
Vontobel Financial Product 13.800 12/14/2018 EUR 71.310
HSBC Trinkaus & Burkhardt 10.600 6/22/2018 EUR 42.910
UniCredit Bank AG 3.750 9/7/2020 EUR 44.710
HSBC Trinkaus & Burkhardt 5.400 9/28/2018 EUR 46.420
Vontobel Financial Product 7.000 11/23/2018 EUR 66.160
DZ Bank AG Deutsche Zentra 8.250 1/2/2019 EUR 64.530
UniCredit Bank AG 4.600 7/2/2018 EUR 33.350
Landesbank Hessen-Thuering 4.000 4/8/2019 EUR 67.340
Vontobel Financial Product 3.050 12/14/2018 EUR 69.910
Vontobel Financial Product 4.100 12/14/2018 EUR 62.750
Deutsche Bank AG 6.200 9/24/2018 EUR 70.370
UniCredit Bank AG 3.750 10/2/2020 EUR 42.640
DZ Bank AG Deutsche Zentra 11.250 1/2/2019 EUR 61.390
Vontobel Financial Product 4.400 12/14/2018 EUR 66.770
Vontobel Financial Product 5.450 12/14/2018 EUR 68.230
Landesbank Baden-Wuerttemb 8.000 6/22/2018 EUR 64.420
Landesbank Baden-Wuerttemb 2.000 6/22/2018 EUR 74.200
Landesbank Baden-Wuerttemb 3.000 6/28/2019 EUR 43.750
Commerzbank AG 11.250 6/22/2018 EUR 71.390
UBS AG/London 5.200 1/3/2019 EUR 70.330
Deutsche Bank AG 6.200 9/24/2018 EUR 73.170
Deutsche Bank AG 6.200 9/24/2018 EUR 70.370
Deutsche Bank AG 6.200 3/18/2019 EUR 72.550
Deutsche Bank AG 6.200 12/24/2018 EUR 71.540
Deutsche Bank AG 6.200 9/24/2018 EUR 73.170
Deutsche Bank AG 6.200 12/24/2018 EUR 71.540
UniCredit Bank AG 5.000 6/25/2019 EUR 36.840
Vontobel Financial Product 9.500 11/23/2018 EUR 39.900
Deutsche Bank AG 4.200 9/24/2018 EUR 69.860
DekaBank Deutsche Girozent 2.750 9/18/2018 EUR 65.810
Landesbank Hessen-Thuering 4.000 4/30/2019 EUR 38.240
Vontobel Financial Product 6.400 12/14/2018 EUR 55.380
Vontobel Financial Product 7.600 12/14/2018 EUR 55.940
UniCredit Bank AG 4.100 11/7/2018 EUR 72.470
UniCredit Bank AG 5.000 11/5/2018 EUR 59.490
Vontobel Financial Product 8.800 12/14/2018 EUR 56.500
Vontobel Financial Product 6.600 12/14/2018 EUR 67.800
Vontobel Financial Product 8.450 12/14/2018 EUR 64.830
Deutsche Bank AG 6.200 3/18/2019 EUR 72.550
Deutsche Bank AG 6.200 6/24/2019 EUR 72.990
EFG International Finance 7.200 2/25/2019 EUR 4.460
Vontobel Financial Product 7.750 12/14/2018 EUR 69.380
Landesbank Baden-Wuerttemb 3.350 6/22/2018 EUR 66.490
Leonteq Securities AG 5.000 5/7/2019 CHF 70.230
UBS AG/London 6.000 3/28/2019 EUR 67.670
Deutsche Bank AG 4.200 6/24/2019 EUR 73.360
Deutsche Bank AG 4.200 6/24/2019 EUR 70.970
Deutsche Bank AG 4.200 9/24/2018 EUR 69.860
Deutsche Bank AG 4.200 12/24/2018 EUR 73.180
Deutsche Bank AG 4.200 12/24/2018 EUR 70.530
Deutsche Bank AG 4.200 3/18/2019 EUR 71.070
Bank Julius Baer & Co Ltd/ 8.550 12/12/2018 CHF 50.550
Deutsche Bank AG 4.200 9/24/2018 EUR 72.660
Deutsche Bank AG 4.200 9/24/2018 EUR 72.660
Deutsche Bank AG 4.200 12/24/2018 EUR 70.530
Deutsche Bank AG 4.200 6/24/2019 EUR 73.360
Koncessii Teplosnabzheniya 11.000 11/11/2032 RUB 62.120
Deutsche Bank AG 4.200 3/18/2019 EUR 71.070
Deutsche Bank AG 4.200 6/24/2019 EUR 70.970
Zurcher Kantonalbank Finan 3.000 12/12/2018 CHF 48.120
EFG International Finance 6.400 4/9/2020 EUR 73.600
Landesbank Hessen-Thuering 8.000 5/15/2020 EUR 66.110
Vontobel Financial Product 8.250 9/28/2018 EUR 69.010
VTB Bank PJSC 9.000 9/1/2044 RUB 62.010
Raiffeisen Switzerland BV 9.000 4/1/2019 EUR 9.570
SG Issuer SA 0.820 8/2/2021 SEK 56.210
Commerzbank AG 7.250 10/26/2018 EUR 70.720
Commerzbank AG 9.250 10/26/2018 EUR 68.430
Commerzbank AG 10.250 8/24/2018 EUR 66.820
Vontobel Financial Product 8.000 1/2/2019 EUR 59.280
Vontobel Financial Product 10.000 1/2/2019 EUR 59.120
BNP Paribas Emissions- und 17.000 12/31/2018 EUR 67.720
BNP Paribas Emissions- und 13.000 12/31/2018 EUR 52.990
BNP Paribas Emissions- und 15.000 12/31/2018 EUR 51.210
Deutsche Bank AG 3.200 3/19/2019 EUR 69.500
UBS AG/London 8.400 1/3/2019 EUR 63.820
EFG International Finance 11.000 12/20/2018 EUR 62.480
UniCredit Bank AG 5.500 1/4/2019 EUR 70.250
UniCredit Bank AG 15.000 1/4/2019 EUR 72.580
UBS AG/London 12.900 1/3/2019 EUR 72.850
UBS AG/London 7.000 1/3/2019 EUR 67.030
UBS AG/London 19.000 1/3/2019 EUR 57.780
DekaBank Deutsche Girozent 2.750 10/29/2018 EUR 34.260
UBS AG/London 5.600 6/27/2019 EUR 71.980
UBS AG/London 5.600 9/26/2019 EUR 72.900
UniCredit Bank AG 5.000 7/30/2018 EUR 38.760
UBS AG/London 13.100 1/3/2019 EUR 59.880
UBS AG/London 14.700 1/3/2019 EUR 71.490
Landesbank Baden-Wuerttemb 4.000 6/22/2018 EUR 37.990
UBS AG/London 4.800 3/28/2019 EUR 71.010
Landesbank Baden-Wuerttemb 3.000 7/26/2019 EUR 49.620
UBS AG/London 8.750 6/6/2019 EUR 64.150
UBS AG/London 5.000 9/27/2018 EUR 69.090
DekaBank Deutsche Girozent 2.800 5/13/2019 EUR 73.120
Raiffeisen Schweiz Genosse 4.300 6/5/2019 CHF 70.450
UniCredit Bank AG 12.700 9/28/2018 EUR 68.860
UniCredit Bank AG 14.900 9/28/2018 EUR 61.420
UniCredit Bank AG 13.300 9/28/2018 EUR 62.790
Deutsche Bank AG 3.200 6/25/2019 EUR 69.300
UniCredit Bank AG 7.600 9/28/2018 EUR 64.520
UniCredit Bank AG 3.800 7/23/2020 EUR 43.580
UniCredit Bank AG 14.400 9/28/2018 EUR 72.430
UniCredit Bank AG 6.300 9/28/2018 EUR 70.000
UniCredit Bank AG 12.800 1/4/2019 EUR 69.370
Landesbank Baden-Wuerttemb 3.000 6/22/2018 EUR 64.270
Landesbank Baden-Wuerttemb 3.500 7/27/2018 EUR 38.160
Leonteq Securities AG/Guer 10.600 3/15/2019 CHF 51.150
Vontobel Financial Product 5.400 1/6/2020 EUR 73.250
UniCredit Bank AG 11.800 9/28/2018 EUR 64.320
Landesbank Baden-Wuerttemb 3.000 8/24/2018 EUR 53.880
Landesbank Baden-Wuerttemb 3.200 7/27/2018 EUR 53.070
Landesbank Baden-Wuerttemb 12.400 11/23/2018 EUR 40.740
Landesbank Baden-Wuerttemb 5.000 6/22/2018 EUR 68.740
BNP Paribas Emissions- und 7.000 9/27/2018 EUR 70.700
BNP Paribas Emissions- und 10.000 9/27/2018 EUR 73.000
BNP Paribas Emissions- und 9.500 12/31/2018 EUR 74.150
BNP Paribas Emissions- und 9.500 9/27/2018 EUR 72.200
BNP Paribas Emissions- und 8.500 12/31/2018 EUR 73.680
BNP Paribas Emissions- und 10.000 12/31/2018 EUR 68.940
Deutsche Bank AG 4.200 9/25/2018 EUR 69.300
Deutsche Bank AG 4.200 9/25/2018 EUR 67.400
Deutsche Bank AG 4.200 9/25/2018 EUR 63.100
Deutsche Bank AG 4.200 12/27/2018 EUR 68.000
Deutsche Bank AG 6.200 12/27/2018 EUR 64.900
EFG International Finance 7.200 10/5/2020 USD 68.420
Raiffeisen Centrobank AG 7.653 3/19/2019 EUR 69.220
UBS AG/London 13.250 9/6/2018 CHF 51.000
Goldman Sachs & Co Wertpap 21.000 1/23/2019 EUR 67.560
Goldman Sachs & Co Wertpap 13.000 2/20/2019 EUR 71.870
Goldman Sachs & Co Wertpap 16.000 10/24/2018 EUR 68.760
Goldman Sachs & Co Wertpap 23.000 11/21/2018 EUR 66.540
Goldman Sachs & Co Wertpap 7.000 1/23/2019 EUR 72.770
Goldman Sachs & Co Wertpap 7.000 2/20/2019 EUR 73.170
Goldman Sachs & Co Wertpap 6.000 6/26/2019 EUR 72.250
Goldman Sachs & Co Wertpap 7.000 11/21/2018 EUR 71.750
Goldman Sachs & Co Wertpap 7.000 12/28/2018 EUR 72.330
UBS AG/London 17.500 9/27/2018 EUR 65.270
UBS AG/London 10.400 9/27/2018 EUR 70.520
Lehman Brothers Treasury C 7.500 7/31/2013 GBP 2.571
Lehman Brothers Treasury C 7.320 7/31/2013 GBP 2.571
Lehman Brothers Treasury C 3.500 6/20/2011 EUR 2.571
Lehman Brothers Treasury C 5.500 6/22/2010 USD 6.000
Lehman Brothers Treasury C 10.000 10/22/2008 USD 2.571
Lehman Brothers Treasury C 3.450 5/23/2013 USD 2.571
Lehman Brothers Treasury C 7.500 2/14/2010 AUD 2.571
TransFin-M PAO 10.000 10/3/2024 RUB 63.000
Business-Consulting OAO 9.000 3/26/2020 RUB 62.380
Center-Invest Commercial B 8.500 11/13/2018 RUB 61.310
TransFin-M PAO 10.500 2/26/2025 RUB 63.000
Lehman Brothers Treasury C 4.600 11/9/2011 EUR 6.000
Lehman Brothers Treasury C 4.800 11/16/2012 HKD 2.571
Lehman Brothers Treasury C 12.220 11/21/2017 USD 2.571
Digital Invest OOO 7.350 4/21/2020 RUB 0.140
Lehman Brothers Treasury C 10.000 2/16/2009 CHF 2.571
Lehman Brothers Treasury C 5.375 2/4/2014 USD 2.571
Ladya-Finans LLC 12.000 10/29/2021 RUB 62.010
Societe Generale SA 0.500 5/22/2024 MXN 59.358
Lehman Brothers Treasury C 1.000 2/26/2010 USD 2.571
Oberoesterreichische Lande 0.300 4/25/2042 EUR 70.965
Lehman Brothers Treasury C 11.000 2/16/2009 CHF 2.571
Societe Generale SA 0.500 4/30/2023 RUB 71.171
Lehman Brothers Treasury C 5.500 11/30/2012 CZK 2.571
Aragon OOO 10.250 5/4/2022 RUB 65.000
Lehman Brothers Treasury C 7.800 3/31/2018 USD 2.571
Lehman Brothers Treasury C 7.150 3/21/2013 USD 2.571
Lehman Brothers Treasury C 7.050 4/8/2015 USD 2.571
Lehman Brothers Treasury C 4.000 3/10/2011 EUR 2.571
Lehman Brothers Treasury C 11.750 3/1/2010 EUR 2.571
Digital Invest OOO 7.350 4/9/2021 RUB 0.170
Digital Invest OOO 7.350 4/7/2021 RUB 0.140
Lehman Brothers Treasury C 6.000 2/19/2023 USD 2.571
SAir Group 6.250 10/27/2002 CHF 13.125
Lenenergo PJSC 7.850 7/9/2025 RUB 99.950
Lehman Brothers Treasury C 4.200 12/3/2008 HKD 6.000
Risland OOO 9.250 1/10/2019 RUB 1.000
Finstone OOO 9.250 1/10/2019 RUB 100.000
Lehman Brothers Treasury C 1.950 11/4/2013 EUR 2.571
Lehman Brothers Treasury C 4.870 10/8/2013 USD 2.571
Lehman Brothers Treasury C 4.680 12/12/2045 EUR 2.571
Lehman Brothers Treasury C 6.700 4/21/2011 USD 2.571
Lehman Brothers Treasury C 7.500 6/15/2017 USD 2.571
Kaupthing ehf 5.250 7/18/2017 BGN 0.250
Lehman Brothers Treasury C 4.100 6/10/2014 SGD 6.000
Lehman Brothers Treasury C 2.480 5/12/2009 USD 2.571
Lehman Brothers Treasury C 4.000 5/30/2010 USD 2.571
TransFin-M PAO 12.500 8/11/2025 RUB 63.000
Lehman Brothers Treasury C 6.000 12/30/2017 EUR 2.571
Lehman Brothers Treasury C 10.000 8/2/2037 JPY 2.571
Lehman Brothers Treasury C 13.000 7/25/2012 EUR 2.571
Lehman Brothers Treasury C 8.050 12/20/2010 HKD 2.571
Lehman Brothers Treasury C 3.000 12/3/2012 EUR 2.571
Lehman Brothers Treasury C 7.060 12/29/2008 EUR 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 USD 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 AUD 2.571
Lehman Brothers Treasury C 9.300 12/21/2010 EUR 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 USD 2.571
Lehman Brothers Treasury C 16.000 10/8/2008 CHF 2.571
Lehman Brothers Treasury C 14.900 11/16/2010 EUR 2.571
Lehman Brothers Treasury C 2.500 11/9/2011 CHF 2.571
Kaupthing ehf 3.750 2/15/2024 ISK 0.250
Rosbank PJSC 0.040 4/30/2024 RUB 100.000
National Capital JSC 9.250 4/22/2019 RUB 100.000
Nota-Bank OJSC 13.500 4/1/2016 RUB 31.500
Lehman Brothers Treasury C 3.000 8/13/2011 EUR 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 AUD 6.000
Lehman Brothers Treasury C 11.000 12/20/2017 AUD 2.571
Lehman Brothers Treasury C 4.000 1/4/2011 USD 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 AUD 2.571
Lehman Brothers Treasury C 8.800 12/27/2009 EUR 2.571
Lehman Brothers Treasury C 7.625 7/22/2011 HKD 2.571
Lehman Brothers Treasury C 6.720 12/29/2008 EUR 2.571
Lehman Brothers Treasury C 2.500 8/23/2012 GBP 2.571
Lehman Brothers Treasury C 4.000 7/27/2011 EUR 2.571
Lehman Brothers Treasury C 5.000 8/16/2017 EUR 6.000
United Confectioners Finan 8.000 4/3/2023 RUB 65.000
Lehman Brothers Treasury C 2.250 5/12/2009 USD 2.571
Lehman Brothers Treasury C 2.750 10/28/2009 EUR 2.571
Barclays Bank PLC 1.645 6/3/2041 USD 70.900
Lehman Brothers Treasury C 7.000 9/20/2011 USD 2.571
Lehman Brothers Treasury C 16.800 8/21/2009 USD 2.571
Lehman Brothers Treasury C 6.450 2/20/2010 AUD 2.571
Lehman Brothers Treasury C 6.600 5/23/2012 AUD 2.571
Lehman Brothers Treasury C 16.000 10/28/2008 USD 2.571
Lehman Brothers Treasury C 5.250 7/8/2014 EUR 2.571
Lehman Brothers Treasury C 4.000 8/11/2010 USD 6.000
Lehman Brothers Treasury C 4.300 6/4/2012 USD 2.571
Lehman Brothers Treasury C 6.250 9/5/2011 EUR 2.571
Lehman Brothers Treasury C 4.600 8/1/2013 EUR 2.571
Lehman Brothers Treasury C 14.100 11/12/2008 USD 2.571
Lehman Brothers Treasury C 6.000 8/7/2013 EUR 2.571
Lehman Brothers Treasury C 8.280 7/31/2013 GBP 2.571
Lehman Brothers Treasury C 12.000 7/4/2011 EUR 2.571
Lehman Brothers Treasury C 4.000 6/5/2011 USD 2.571
Barclays Bank PLC 1.988 12/1/2040 USD 72.885
Lehman Brothers Treasury C 7.500 5/30/2010 AUD 2.571
Lehman Brothers Treasury C 11.000 5/9/2020 USD 2.571
IDGC of Centre PJSC 9.320 8/14/2026 RUB 70.020
Lehman Brothers Treasury C 13.150 10/30/2008 USD 2.571
Center-Invest Commercial B 8.250 5/22/2019 RUB 61.910
Metalenergmontazh OOO 10.000 5/7/2020 RUB 63.070
Lehman Brothers Treasury C 4.500 3/7/2015 EUR 2.571
Kommunekredit 0.500 5/11/2029 CAD 75.236
Lehman Brothers Treasury C 0.750 3/29/2012 EUR 2.571
Lehman Brothers Treasury C 7.000 6/6/2017 EUR 2.571
Banca Adriatica Spa 7.750 6/30/2018 EUR 1.237
Banca Adriatica Spa 8.000 6/30/2018 EUR 1.237
Lehman Brothers Treasury C 8.280 3/26/2009 USD 2.571
Lehman Brothers Treasury C 7.600 3/26/2009 EUR 2.571
Lehman Brothers Treasury C 2.000 5/17/2010 EUR 2.571
Invektor 7.000 7/30/2019 RUB 63.000
Profit Garant Ltd 7.000 7/30/2019 RUB 94.300
Otkritie Holding JSC 10.000 9/17/2027 RUB 7.500
Lehman Brothers Treasury C 5.120 4/30/2027 EUR 2.571
Lehman Brothers Treasury C 4.100 8/23/2010 USD 2.571
Lehman Brothers Treasury C 4.150 8/25/2020 EUR 2.571
Lehman Brothers Treasury C 6.000 12/6/2016 USD 2.571
Lehman Brothers Treasury C 7.750 2/21/2016 EUR 2.571
Lehman Brothers Treasury C 4.900 7/28/2020 EUR 2.571
Lehman Brothers Treasury C 6.000 7/28/2010 EUR 2.571
Lehman Brothers Treasury C 6.000 7/28/2010 EUR 2.571
Lehman Brothers Treasury C 7.500 8/1/2035 EUR 2.571
Lehman Brothers Treasury C 7.000 7/11/2010 EUR 2.571
Lehman Brothers Treasury C 3.000 8/8/2017 EUR 2.571
Lehman Brothers Treasury C 6.500 5/16/2015 EUR 2.571
Lehman Brothers Treasury C 3.500 9/29/2017 EUR 2.571
Lehman Brothers Treasury C 10.000 1/4/2010 USD 2.571
Lehman Brothers Treasury C 0.010 9/20/2011 USD 2.571
Lehman Brothers Treasury C 1.500 2/8/2012 CHF 2.571
Lehman Brothers Treasury C 3.000 8/15/2017 EUR 2.571
Soyuz AKB OAO 13.000 11/22/2019 RUB 65.010
Lehman Brothers Treasury C 9.250 6/20/2012 USD 2.571
Societe Generale SA 0.000 6/26/2034 USD 57.334
Lehman Brothers Treasury C 3.000 9/13/2010 JPY 6.000
Lehman Brothers Treasury C 11.250 12/31/2008 USD 2.571
Lehman Brothers Treasury C 12.000 7/13/2037 JPY 2.571
Lehman Brothers Treasury C 8.500 7/6/2009 CHF 2.571
Lehman Brothers Treasury C 4.600 7/6/2016 EUR 2.571
Lehman Brothers Treasury C 7.500 9/13/2009 CHF 2.571
Lehman Brothers Treasury C 5.103 6/22/2046 EUR 2.571
Lehman Brothers Treasury C 4.500 8/2/2009 USD 2.571
Solomenskij Lesozavod ZAO 10.000 9/29/2021 RUB #N/A N/A
Lehman Brothers Treasury C 8.000 5/22/2009 USD 2.571
Lehman Brothers Treasury C 7.250 10/6/2008 EUR 2.571
Digital Invest OOO 7.350 10/22/2020 RUB 0.120
Lehman Brothers Treasury C 7.000 11/28/2008 CHF 2.571
Lehman Brothers Treasury C 4.500 3/6/2013 CHF 2.571
Lehman Brothers Treasury C 9.000 3/17/2009 GBP 2.571
Lehman Brothers Treasury C 4.000 4/24/2009 USD 2.571
Lehman Brothers Treasury C 9.000 6/13/2009 USD 2.571
Kaupthing ehf 6.125 10/4/2016 USD 0.250
Lehman Brothers Treasury C 7.375 9/20/2008 EUR 2.571
Lehman Brothers Treasury C 10.500 8/9/2010 EUR 2.571
Lehman Brothers Treasury C 4.350 8/8/2016 SGD 6.000
Lehman Brothers Treasury C 8.000 12/27/2032 JPY 2.571
Lehman Brothers Treasury C 3.500 9/19/2017 EUR 2.571
KIT Finance Capital OOO 8.000 9/16/2026 RUB 100.000
Lehman Brothers Treasury C 4.820 12/18/2036 EUR 2.571
Lehman Brothers Treasury C 2.300 4/28/2014 JPY 2.571
Lehman Brothers Treasury C 3.000 6/23/2009 EUR 6.000
Lehman Brothers Treasury C 6.850 12/22/2008 EUR 2.571
Lehman Brothers Treasury C 3.630 3/2/2012 EUR 2.571
Lehman Brothers Treasury C 5.250 11/21/2009 USD 2.571
BTV Hybrid I GmbH 6.500 EUR 29.475
Kaupthing ehf 7.500 2/1/2045 USD 0.259
Lehman Brothers Treasury C 5.000 8/1/2025 EUR 2.571
Lehman Brothers Treasury C 7.000 4/14/2009 EUR 2.571
Lehman Brothers Treasury C 6.000 10/24/2008 EUR 2.571
Lehman Brothers Treasury C 5.500 6/15/2009 CHF 2.571
Lehman Brothers Treasury C 8.000 8/3/2009 USD 2.571
Lehman Brothers Treasury C 1.500 10/25/2011 EUR 2.571
Lehman Brothers Treasury C 4.500 7/24/2014 EUR 2.571
Lehman Brothers Treasury C 5.750 6/15/2009 CHF 2.571
Lehman Brothers Treasury C 3.850 4/24/2009 USD 2.571
Lehman Brothers Treasury C 10.000 3/27/2009 USD 2.571
Lehman Brothers Treasury C 0.250 7/21/2014 EUR 2.571
Lehman Brothers Treasury C 7.500 10/24/2008 USD 2.571
Lehman Brothers Treasury C 4.950 10/25/2036 EUR 2.571
Lehman Brothers Treasury C 7.750 1/30/2009 EUR 2.571
Lehman Brothers Treasury C 5.000 10/24/2008 CHF 2.571
Lehman Brothers Treasury C 4.000 10/24/2012 EUR 2.571
Lehman Brothers Treasury C 4.000 11/24/2016 EUR 2.571
Lehman Brothers Treasury C 7.585 11/22/2009 MXN 6.000
Lehman Brothers Treasury C 4.000 4/13/2011 CHF 2.571
HSBC Bank PLC 0.500 12/8/2026 AUD 73.456
Lehman Brothers Treasury C 4.700 3/23/2016 EUR 2.571
Lehman Brothers Treasury C 3.700 6/6/2009 EUR 2.571
Univer Capital LLC 12.000 3/6/2019 RUB 59.000
Lehman Brothers Treasury C 4.250 3/13/2021 EUR 2.571
Lehman Brothers Treasury C 0.500 2/16/2009 EUR 2.571
KIT Finance Capital OOO 10.900 10/13/2026 RUB 100.500
Lehman Brothers Treasury C 5.250 5/26/2026 EUR 2.571
KIT Finance Capital OOO 9.800 3/21/2022 RUB 100.500
Lehman Brothers Treasury C 2.000 11/16/2009 EUR 2.571
Lehman Brothers Treasury C 6.000 3/17/2011 EUR 2.571
Lehman Brothers Treasury C 4.700 3/23/2016 EUR 2.571
KIT Finance Capital OOO 10.530 9/4/2019 RUB 66.670
HSBC Bank PLC 0.500 1/29/2027 NZD 74.134
Priam JSC 11.000 12/3/2026 RUB 98.500
Digital Invest OOO 7.350 11/3/2020 RUB 0.140
Kommunalbanken AS 0.500 12/16/2020 TRY 65.854
TransFin-M PAO 10.500 6/17/2024 RUB 63.000
Lehman Brothers Treasury C 7.550 12/29/2008 USD 2.571
Lehman Brothers Treasury C 3.820 10/20/2009 USD 2.571
Lehman Brothers Treasury C 5.000 12/6/2011 EUR 2.571
KIT Finance Capital OOO 11.500 12/9/2026 RUB 98.900
Lehman Brothers Treasury C 13.000 12/14/2012 USD 2.571
Lehman Brothers Treasury C 4.100 5/20/2009 USD 2.571
Eiendomskreditt AS 4.420 NOK 56.982
Lehman Brothers Treasury C 2.370 7/15/2013 USD 2.571
Kaupthing ehf 7.500 12/5/2014 ISK 0.250
Kaupthing ehf 6.500 10/8/2010 ISK 0.250
Lehman Brothers Treasury C 2.300 6/27/2013 USD 2.571
Landes-Hypothekenbank Stei 0.023 3/7/2043 EUR 70.065
Lehman Brothers Treasury C 5.000 3/13/2009 EUR 2.571
Commerzbank AG 6.000 1/25/2019 EUR 72.460
Lehman Brothers Treasury C 6.500 7/24/2026 EUR 2.571
Lehman Brothers Treasury C 5.000 4/24/2017 EUR 2.571
Lehman Brothers Treasury C 7.390 5/4/2017 USD 2.571
Societe Generale SA 0.500 4/3/2023 RUB 71.753
Lehman Brothers Treasury C 4.500 5/2/2017 EUR 6.000
Lehman Brothers Treasury C 6.000 5/23/2018 CZK 2.571
Lehman Brothers Treasury C 4.000 5/17/2010 USD 2.571
Credit Suisse AG/London 3.000 11/15/2025 ZAR 66.093
Lehman Brothers Treasury C 5.000 2/28/2032 EUR 2.571
Lehman Brothers Treasury C 0.250 10/19/2012 CHF 2.571
Lehman Brothers Treasury C 3.500 10/24/2011 USD 2.571
Lehman Brothers Treasury C 1.680 3/5/2015 EUR 2.571
Lehman Brothers Treasury C 6.750 4/5/2012 EUR 2.571
Lehman Brothers Treasury C 0.800 12/30/2016 EUR 2.571
Lehman Brothers Treasury C 3.350 10/13/2016 EUR 2.571
Lehman Brothers Treasury C 4.250 5/15/2010 EUR 2.571
Lehman Brothers Treasury C 1.750 2/7/2010 EUR 2.571
Lehman Brothers Treasury C 6.000 6/21/2011 EUR 2.571
Lehman Brothers Treasury C 7.000 2/15/2012 EUR 2.571
Lehman Brothers Treasury C 4.100 2/19/2010 EUR 2.571
Lehman Brothers Treasury C 6.600 2/22/2012 EUR 2.571
Lehman Brothers Treasury C 4.690 2/19/2017 EUR 2.571
Lehman Brothers Treasury C 5.200 3/19/2018 EUR 2.571
Lehman Brothers Treasury C 6.000 5/12/2017 EUR 2.571
Lehman Brothers Treasury C 7.500 5/2/2017 EUR 2.571
Lehman Brothers Treasury C 3.500 10/31/2011 USD 2.571
Lehman Brothers Treasury C 18.250 10/2/2008 USD 2.571
Lehman Brothers Treasury C 3.400 9/21/2009 HKD 2.571
Lehman Brothers Treasury C 4.000 10/12/2010 USD 2.571
Lehman Brothers Treasury C 1.500 10/12/2010 EUR 2.571
Lehman Brothers Treasury C 7.000 10/22/2010 EUR 2.571
Rosbank PJSC 0.020 4/30/2024 RUB 61.900
Rosbank PJSC 0.010 4/30/2024 RUB 61.900
Lehman Brothers Treasury C 6.600 2/9/2009 EUR 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 AUD 2.571
Lehman Brothers Treasury C 8.000 12/31/2010 USD 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 USD 2.571
Lehman Brothers Treasury C 0.500 12/20/2017 USD 2.571
Lehman Brothers Treasury C 16.000 12/26/2008 USD 2.571
Lehman Brothers Treasury C 7.750 1/3/2012 AUD 2.571
Lehman Brothers Treasury C 3.100 6/4/2010 USD 2.571
Lehman Brothers Treasury C 2.500 8/15/2012 CHF 2.571
Lehman Brothers Treasury C 5.000 11/22/2012 EUR 2.571
Lehman Brothers Treasury C 16.000 11/9/2008 USD 2.571
Lehman Brothers Treasury C 7.600 3/4/2010 NZD 2.571
Lehman Brothers Treasury C 10.000 6/17/2009 USD 2.571
Lehman Brothers Treasury C 17.000 6/2/2009 USD 2.571
Lehman Brothers Treasury C 13.432 1/8/2009 ILS 2.571
Lehman Brothers Treasury C 3.000 6/3/2010 EUR 2.571
Societe Generale SA 0.500 6/12/2023 RUB 70.535
Lehman Brothers Treasury C 0.500 6/2/2020 EUR 2.571
Lehman Brothers Treasury C 11.000 7/4/2011 USD 2.571
Lehman Brothers Treasury C 5.500 7/8/2013 EUR 2.571
National Capital JSC 9.800 9/15/2020 RUB 100.000
Lehman Brothers Treasury C 10.600 4/22/2014 MXN 2.571
Lehman Brothers Treasury C 16.200 5/14/2009 USD 2.571
Lehman Brothers Treasury C 9.000 5/6/2011 CHF 2.571
Lehman Brothers Treasury C 5.000 2/15/2018 EUR 2.571
LBI HF 8.650 5/1/2011 ISK 8.375
Heta Asset Resolution AG 0.378 12/31/2023 EUR 34.625
Lehman Brothers Treasury C 8.000 3/21/2018 USD 2.571
Lehman Brothers Treasury C 8.875 1/28/2011 HKD 6.000
TransFin-M PAO 11.000 6/23/2021 RUB 65.000
Lehman Brothers Treasury C 12.400 6/12/2009 USD 2.571
Lehman Brothers Treasury C 9.750 6/22/2018 USD 2.571
Lehman Brothers Treasury C 15.000 6/4/2009 CHF 2.571
Lehman Brothers Treasury C 2.000 6/28/2011 EUR 2.571
Lehman Brothers Treasury C 4.000 12/2/2012 EUR 2.571
Lehman Brothers Treasury C 9.500 4/1/2018 USD 2.571
SAir Group 2.750 7/30/2004 CHF 13.125
Lehman Brothers Treasury C 2.300 6/6/2013 USD 2.571
Lehman Brothers Treasury C 1.460 2/19/2012 JPY 6.000
*********
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.
Marites O. Claro, Rousel Elaine T. Fernandez, Joy A. Agravante,
Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.
Copyright 2018. 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.
* * * End of Transmission * * *