/raid1/www/Hosts/bankrupt/TCREUR_Public/191014.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Monday, October 14, 2019, Vol. 20, No. 205
Headlines
G E R M A N Y
HORNBACH BAUMARKT: S&P Rates EUR250MM Senior Unsecured Notes 'BB'
I R E L A N D
AERCAP HOLDINGS: Fitch Assigns BB- Rating to $750MM Jr. Sub. Notes
I T A L Y
BRIGNOLE CQ 2019-1: Moody's Rates EUR1.7MM Cl. E Notes Ba2
EMERALD ITALY 2019: Fitch Assigns BB(EXP) Rating on Class D Notes
NEXI SPA: Fitch Raises LongTerm IDR to BB, Outlook Stable
NEXI SPA: Moody's Rates New EUR825MM Sr. Unsec. Notes 'Ba3'
P O R T U G A L
CAIXA ECONOMICA MONTEPIO: Moody's Hikes Deposit Ratings to B1
NAVIGATOR COMPANY: Moody's Withdraws Ba2 CFR for Business Reasons
R U S S I A
AGRIBUSINESS HOLDING: Fitch Affirms 'B' LT IDRs, Outlook Stable
ALFA-BANK JSC: Fitch Alters Outlook on BB+ LT IDR to Positive
CENTER-INVEST BANK: Moody's Affirms Ba3 LongTerm Deposit Ratings
PETROPAVLOVSK PLC: S&P Alters Outlook to Positive & Affirms B- ICR
ROSDORBANK: Moody's Alters Outlook on B3 Deposit Ratings to Pos.
SOVCOM CAPITAL: Fitch Assigns BB Rating on $300MM 8% Sub. Notes
UC RUSAL: In Talks With Customers for 2020 Supply Contracts
S W E D E N
IGT HOLDING III: Moody's Assigns B2 CFR, Outlook Negative
U N I T E D K I N G D O M
ARQIVA BROADCAST: Moody's Reviews Ba3 CFR for Upgrade
FOUR SEASONS: Discussions with Landlords Over Rent Issues Ongoing
FUNDING CIRCLE: Seeks to Calm Investors Amid Withdrawal Problems
KNIGHTON HOTEL: Auction Scheduled for Oct. 23 Following Collapse
LATIMER TREND: Enters Administration After Creditors Reject CVA
PIZZA EXPRESS: Restaurants at Risk of Closure, CVA Among Options
SIRIUS MINERALS: Reaches Supply, Distribution Deal with Muntajat
TOGETHER ASSET 2019-1: Moody's Rates GBP5MM Cl. E Notes 'Ba2'
X X X X X X X X
[*] BOND PRICING: For the Week October 7 to October 11, 2019
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G E R M A N Y
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HORNBACH BAUMARKT: S&P Rates EUR250MM Senior Unsecured Notes 'BB'
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S&P Global Ratings said that it has assigned its 'BB' issue-level
rating to Hornbach Baumarkt AG's EUR250 million senior unsecured
notes, which is in line with the 'BB' issuer credit rating it has
on the company. Hornbach plans to use the proceeds from the notes
offering to prefund its redemption of its bullet bond maturing in
February 2020, so it has no further impact on the company's credit
metrics.
The recovery rating on the notes are '3', indicating meaningful
recovery in a hypothetical default scenario (50-70%; rounded
estimate 65%). The notes will rank pari passu to all other senior
unsecured debt outstanding. They are supported by substantial value
of real estate assets directly held at Hornbach Baumarkt AG and a
guarantee of Hornbach International GmbH, which is not guaranteeing
any of the senior unsecured promissory notes. S&P said, "At the
same time, we see recovery on the notes constrained by material
prior-ranking debt issued at foreign operating subsidiaries and the
instrument's unsecured nature resulting in a risk that material
prior or same ranking debt could be issued on the path to default.
Hence, we cap our recovery rating at '3' although our numerical
outcome is somewhat above 70% recovery in a hypothetical default."
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I R E L A N D
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AERCAP HOLDINGS: Fitch Assigns BB- Rating to $750MM Jr. Sub. Notes
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Fitch Ratings assigned a final rating of 'BB-' of AerCap Holdings
N.V.'s issuance of $750 million 5.875%, fixed rate reset junior
subordinated notes due Oct. 10, 2079.
The junior subordinated notes represent unsecured obligations,
ranking senior only to common stock and market auction preferred
securities issued by International Lease Finance Corp., and
subordinated in right of payment to all existing and future
obligations of AerCap and its subsidiaries. Interest payments on
the junior subordinated notes are non-cumulative. If AerCap forgoes
interest payments on these junior subordinated notes, the company
may not declare or pay distributions on its common shares. The
junior subordinated notes have a maturity date on Oct. 10, 2079,
but may be redeemed in whole or in part, at AerCap's option,
beginning Oct. 10, 2024 and every five-year period thereafter.
Proceeds from the issuance will be used for general corporate
purposes.
The assignment of the final rating follows the receipt of documents
conforming to information already received. The final rating is the
same as the expected rating assigned to the junior subordinated
notes on Oct. 1, 2019.
KEY RATING DRIVERS
IDR AND JUNIOR SUBORDINATED
The final rating assigned to the junior subordinated notes is three
notches below AerCap's Long-Term Issuer Default Rating (IDR) of
'BBB-', in accordance with Fitch's "Corporate Hybrids and Notching
Criteria" dated Nov. 9, 2018. The junior subordinated notes rating
includes three notches for loss severity, comprised of two notches
reflecting the deep subordination given the issuance by the holding
company and one notch for the going-concern loss absorption nature
of the instruments.
Fitch has afforded 100% equity credit given the long-dated maturity
of the instrument, senior only to common stock, the non-cumulative
nature of the interest payments, and the lack of change of control
provisions and events of default.
AerCap has the option to redeem the proposed junior subordinated
notes in full prior to Oct. 10, 2024, in case of adverse rating
agency treatment of the notes. AerCap may redeem the junior
subordinated notes in whole or in part after Oct. 10, 2024 and
every reset date; however, shareholders will not have the right to
require the redemption of the junior subordinated notes.
AerCap's ratings are supported by the company's scale and franchise
strength as the world's largest pure play aircraft lessor, access
to multiple sources of capital; consistent operating performance
and cash flow generation and an experienced management team.
Rating constraints applicable to AerCap include potential
refinancing risk associated with its large order book, the
potential impact of impairments on the firm's leverage ratio and
above-average wide-body exposure. Rating constraints applicable to
the aircraft leasing industry more broadly include the monoline
nature of the business, vulnerability to exogenous shocks,
potential exposure to residual value risk, sensitivity to oil
prices, reliance on wholesale funding sources and increased
competition.
Fitch-calculated leverage (adjusted debt to tangible equity) was
2.9x at June 30, 2019, and improved to 2.7x pro forma following the
junior subordinated note issuance. Fitch-calculated leverage is
defined as gross debt, at par, plus 50% equity treatment of the
company's existing subordinated notes and 100% equity treatment for
the proposed junior subordinated notes, divided by equity, adjusted
for the equity treatment of the existing subordinated and junior
subordinated notes, and non-controlling interests.
Company-reported net debt/equity amounted to 2.8x, at June 30,
2019, and improved incrementally to 2.7x pro forma following the
junior subordinated note issuance. This is consistent with
management's revised long-term target of net debt/equity of 2.7x
articulated in conjunction with this issuance, which is viewed
favorably by Fitch. Company-reported leverage is defined as net
debt adjusted for 50% equity treatment on the company's existing
subordinated and junior subordinated notes, divided by reported
common equity adjusted for the 50% equity treatment on the
company's existing subordinated and junior subordinated notes.
RATING SENSITIVITIES
IDR AND JUNIOR SUBORDINATED
The rating on the junior subordinated notes is primarily sensitive
to changes in AerCap's Long-Term IDR and is expected to move in
tandem.
Fitch believes that the combination of aviation industry's
increased reliance on aircraft lessors, the competitive pressures
in the aircraft lessor space and prolonged favorable market
conditions limit the likelihood of upward rating momentum, at least
until the credit performance of the company can be assessed through
a full market cycle. Thereafter, upward rating momentum could
develop if AerCap exhibits differentiated risk management and asset
quality, a reduction in average fleet age approaching 6.0 years,
and continued improvement in the liquidity of the aircraft
portfolio with increased allocation of Tier 1 aircraft. Maintenance
of robust liquidity, particularly with respect to near-term funding
obligations, and unsecured debt approaching 90%, could also support
positive rating momentum. A demonstrated track record of
maintaining balance sheet leverage, on a gross debt to tangible
common equity basis consistent with its revised target of 2.7x,
would also be viewed positively by Fitch.
Negative rating pressure could arise from increased leverage on a
gross debt to tangible equity basis above 3.5x, as a result of more
aggressive capital returns, aircraft impairments or a change in
risk appetite. Negative rating pressure could also arise as a
result of a sustained deterioration in financial performance and/or
operating cash flows, higher than expected repossession activity,
difficulty re-leasing aircraft or placing the order book at
economical rates, a reduction in available liquidity or
unencumbered assets, an increased reliance on secured debt
financing, and/or an aging fleet profile or weaker portfolio mix
from a liquidity perspective.
SUMMARY OF FINANCIAL ADJUSTMENTS
Fitch has adjusted its core leverage calculation by not excluding
maintenance right assets and lease premiums from tangible equity.
This reflects Fitch's view that these balance sheet items contain
sufficient economic value to support creditors.
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I T A L Y
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BRIGNOLE CQ 2019-1: Moody's Rates EUR1.7MM Cl. E Notes Ba2
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Moody's Investors Service assigned the following definitive ratings
to Notes issued by Brignole CQ 2019-1 S.r.l.:
EUR139.6M Class A Asset Backed Floating Rate Notes due March 2036,
Definitive Rating Assigned Aa3 (sf)
EUR19.8M Class B Asset Backed Floating Rate Notes due March 2036,
Definitive Rating Assigned A1 (sf)
EUR7.8M Class C Asset Backed Floating Rate Notes due March 2036,
Definitive Rating Assigned A2 (sf)
EUR3.4M Class D Asset Backed Floating Rate Notes due March 2036,
Definitive Rating Assigned Baa2 (sf)
EUR1.7M Class E Asset Backed Floating Rate Notes due March 2036,
Definitive Rating Assigned Ba2 (sf)
Moody's has not assigned any rating to the EUR 7.8M Class X Asset
Backed Floating Rate Notes due March 2036.
RATINGS RATIONALE
The Notes are backed by a 6-month revolving pool of Italian
Cessione del Quinto consumer loans (98%) and Delegazione di
Pagamento (DP) consumer loans (1.9%) originated by Creditis Servizi
Finanziari SpA ('Creditis'). This represents the first CDQ
transaction originated by Creditis.
The portfolio consists of approximately EUR 172.38 million of loans
as of September 4, 2019 pool cut-off date. The Reserve Fund will be
funded to EUR 1.73 million, approximately 1% of the Class A to D
Notes original balance, and the total credit enhancement for the
Class A Notes will be 20%.
The ratings are primarily based on the credit quality of the
portfolio, the structural features of the transaction and its legal
integrity.
According to Moody's, the transaction benefits from various credit
strengths such as a granular portfolio, the high spread from the
underlying loans, the subordination of the notes and the
non-amortising cash reserve fully funded at closing. However,
Moody's notes that the transaction features some credit weaknesses
such as an unrated servicer. Various mitigants have been included
in the transaction structure such as a back-up servicer which will
replace the servicer upon termination.
All the loans in the initial portfolio benefit from life insurance
and 32% also benefit from employment insurance (for non-pensioner).
The top three life insurers represent over 97% of the pool: 48% AXA
France Vie (Aa3 insurance financial strength); 45% Net Insurance
SpA (Not rated); 4% HDI Assicurazioni S.p.A. (Not rated). The top
three employment insurances are provided by: 59% Net Insurance SpA
(Not rated); 28% AXA France IARD (Aa3 insurance financial
strength); 13% HDI Assicurazioni S.p.A. (Not rated).
The insurance policies will pay off the outstanding loan balance in
the event of, inter alia, borrowers' unemployment, resignation or
death. Since those events would be the typical driver of defaults
in a standard consumer loan transaction, the existence of the
insurance is credit positive. Therefore, the default risk of the
insurers and their correlation to the portfolio are a key aspect in
Moody's quantitative analysis of the transaction.
Moody's determined the portfolio lifetime expected defaults of
8.5%, expected recoveries of 75% post insurance pay-out and Aa3
portfolio credit enhancement of 27% related to borrower
receivables. The expected defaults and recoveries capture its
expectations of performance considering the current economic
outlook, while the PCE captures the loss Moody's expects the
portfolio to suffer in the event of a severe recession scenario
prior to giving any benefit to insurance recoveries. Expected
defaults and PCE are parameters used by Moody's to calibrate its
lognormal portfolio loss distribution curve and to associate a
probability with each potential future loss scenario in the ABSROM
cash flow model to rate Consumer ABS.
Portfolio expected defaults of 8.5% are in line with the EMEA CDQ
average and are based on Moody's assessment of the lifetime
expectation for the pool taking into account (i) historic
performance of the loan book of the originator, (ii) benchmark
transactions, and (iii) other qualitative considerations.
Portfolio expected recoveries of 75% post insurance pay-out are in
line with the EMEA CDQ average and are based on Moody's assessment
of the lifetime expectation for the pool taking into account (i)
historic performance of the loan book of the originator, (ii)
benchmark transactions, and (iii) other qualitative
considerations.
PCE of 27% is in higher than the EMEA CDQ average and is based on
Moody's assessment of the pool which is mainly driven by: (i)
evaluation of the underlying portfolio, complemented by the
historical performance information as provided by the originator,
(ii) the high concentration of loans to pensioners as well as
employees working for the Italian public sector entities (iii) the
relative ranking to originator peers in the EMEA CDQ market and
(iv) the exposure to different insurance companies.
Moody's also considered the insurance company exposure in the
transaction and the impact of one or more insurance companies
defaulting on the recovery figure, as well as shifts in the
concentration to single insurance companies. These scenarios are
weighted by the credit quality of the insurance companies to derive
a joint loss distribution for Moody's cash-flow model.
The principal methodology used in these ratings was "Moody's
Approach to Rating Consumer Loan-Backed ABS" published in March
2019.
FACTORS THAT WOULD LEAD AN UPGRADE OR DOWNGRADE OF THE RATINGS:
Factors that may cause an upgrade of the ratings of the notes
include significantly better than expected performance of the pool
together with an increase in credit enhancement of Notes.
Factors that would lead to a downgrade of the ratings include: (i)
increased counterparty risk leading to potential operational risk
of servicing or cash management interruptions and (ii) economic
conditions being worse than forecast resulting in higher arrears
and losses.
EMERALD ITALY 2019: Fitch Assigns BB(EXP) Rating on Class D Notes
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Fitch Ratings assigned Emerald Italy 2019 S.R.L.'s floating-rate
notes expected ratings.
Final ratings are contingent upon the receipt of final documents
conforming to the information already received.
Emerald Italy 2019 S.R.L.
Class A; LT A+(EXP)sf; Expected Rating
Class B; LT A(EXP)sf; Expected Rating
Class C; LT BBB-(EXP)sf; Expected Rating
Class D; LT BB(EXP)sf; Expected Rating
Class R; LT NR(EXP)sf; Expected Rating
Class X CP; LT NR(EXP)sf; Expected Rating
Class X NCP; LT NR(EXP)sf; Expected Rating
TRANSACTION SUMMARY
Emerald Italy 2019 S.R.L. is the securitisation of a EUR105.8
million loan (comprising a EUR100.4 million term loan and a EUR5.4
million capex loan) to an Italian borrower sponsored by Kildare
Partners. The loan is variable-rate and secured on three average
quality northern Italian shopping centres.
KEY RATING DRIVERS
Weakening Macro-Economic Environment: Italian GDP growth has
stalled as political uncertainty and weaker external demand have
reduced investment, while private consumption growth has also lost
momentum. The risk of this filtering into asset performance is
reflected in Fitch Ratings' base market value declines (MVDs) on
average being greater than 15%. Fitch has also applied a 'Asf'
category rating cap to the transaction.
Retail Pressures: The Italian retail market is facing many of the
same pressures as the rest of Europe, although e-commerce
penetration is less advanced. This flags a risk of disruption
caused by changes in consumer behaviour. With this in mind, as in
other EMEA retail markets, Fitch has recently increased rental
value decline assumptions.
Secondary Collateral: The shopping centres are in residential areas
on the outskirts of Milan and Brescia. All three were built in the
1990s and are in reasonable condition (having been refurbished
since construction), but face local competition. While they benefit
from food anchors Co-op and Auchan, declines in sales performance
in recent years have left them all over-rented (on occupied space).
A debt yield covenant that (unusually) looks through to market rent
helps protect noteholders ahead of income declines.
Equity Commitment: The initial loan (excluding the capex loan) to
acquisition price of 62.5% implies solid equity commitment (given
the lack of mezzanine financing). The initial loan-to-value (LTV)
of 62.2% will fall from 1.5% amortisation a year, and if permitted,
by a further 1% 'soft' amortisation (paid before dividends). The
valuation implies net initial yields above 7.9% for each property,
which Fitch views as consistent with quality.
Pro Rata Principal Pay: Principal is repaid pro rata prior to loan
default, exposing noteholders to rising concentration risk. There
is some scope for adverse selection: in its disposal analysis the
class C and D ratings are constrained by a scenario in which only
the Metropoli asset remains, with its property quality score
lowered to '5' to account for this idiosyncratic risk.
RATING SENSITIVITIES
KEY PROPERTY ASSUMPTIONS (all by market value)
'Bsf' weighted average (WA) cap rate: 5.8%
'Bsf' WA structural vacancy: 25.1%
'Bsf' WA rental value decline: 4%
'BBsf' WA cap rate: 6.4%
'BBsf' WA structural vacancy: 28.5%
'BBsf' WA rental value decline: 6.4%
'BBBsf' WA cap rate: 6.9%
'BBBsf' WA structural vacancy: 32.0%
'BBBsf' WA rental value decline: 10.1%
'Asf' WA cap rate: 7.5%
'Asf' WA structural vacancy: 35.4%
'Asf' WA rental value decline: 17.5%
'AAsf' WA cap rate: 8.2%
'AAsf' WA structural vacancy: 39.5%
'AAsf' WA rental value decline: 25.1%
RATING SENSITIVITIES
Current ratings: 'A+sf'/'Asf'/'BBB-sf'/'BBsf'
The change in model output that would apply in a high interest rate
scenario with full rental value declines is as follows:
'Asf'/'BBB+sf'/'BB+sf'/'BBsf'
The change in model output that would apply in a high interest rate
scenario with full rental value declines and a 1.1x increase in
structural vacancies is as follows:
'A-sf'/'BBBsf'/'BBsf'/'BB-sf'
The change in model output that would apply in a high interest rate
scenario with full rental value declines and a 1.1x increase in cap
rates is as follows:
'A-sf'/'BBB+sf'/'BBsf'/'BB-sf'
The change in model output that would apply in a high interest rate
scenario with full rental value declines and a 1.1x increase in
both cap rates and structural vacancies is as follows:
'BBB+sf'/'BBBsf'/'BB-sf'/'B+sf'
USE OF THIRD PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
Fitch reviewed the results of a third-party assessment conducted on
the asset portfolio information, and concluded that there were no
findings that affected the rating analysis.
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.
NEXI SPA: Fitch Raises LongTerm IDR to BB, Outlook Stable
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Fitch Ratings upgraded Nexi SpA's Long-Term Issuer Default Rating
to 'BB' from 'BB-' and the rating of the existing senior secured
debt instruments to 'BB+' from 'BB'. The Outlook is Stable. Fitch
has also assigned an expected 'BB (EXP)' rating to the EUR825
million senior unsecured notes issued by Nexi.
The upgrade reflects its improved deleverage expectations, which
Fitch partially revised in light of a 1H19 performance slightly
ahead of its initial projections. Fitch now expects Nexi's FFO
adjusted gross leverage for the fiscal year ending December 2019
(FY19) at 4.6x, compared with its earlier expectation of 4.8x, both
of which are below its 5.0x sensitivity to upgrade to 'BB'. The
company has a medium- to long-term leverage target of between 2.0
and 2.5x net debt to EBITDA; however, due to potential further M&A
activity, it may take in excess of six quarters for the company to
meet this target.
The assignment of the final instrument rating is subject to the
receipt of the final documents conforming to the preliminary
information received. Simultaneously, the current senior secured
notes rating will be withdrawn.
KEY RATING DRIVERS
Performance Accelerates Deleveraging: Nexi's 1H19 results highlight
stronger revenue and higher profitability, due mainly to the
implementation of its post-integration synergies and cost-saving
initiatives. Fitch therefore has revised its expected EBITDA for
FY19 to EUR479 million (after adjusting for the effects of the
application of IFRS 16) from EUR457 million.
As a consequence, Fitch expects Nexi's leverage metrics to
consistently meet the upgrade thresholds for 'BB', at 4.6x on an
adjusted gross FFO basis for FY19, declining from 5.8x calculated
for the pro forma FY18 figures, and below its previous post-IPO
forecast of 4.8x for FY19. Fitch expects FFO fixed-charge coverage
above the upgrade threshold of 3.5x from FY19.
Financial Policy to Stabilise: Nexi's business perimeter is the
result of a relatively recent process of reshaping through M&A and
disposals of business units started in 2016. The likely
reorganisation of Italian banking groups could provide further
acquisition opportunities for Nexi, thereby meeting the appetite of
controlling financial shareholders for equity value enhancement,
considering the imminent expiry of the IPO lock-up period.
Nexi's target dividend pay-out ratio of between 20% and 30%
expected by Fitch from FY20 and a net debt-to-normalised-EBITDA
target of 2.0x-2.5x in the medium to long term is well inside the
financial covenant included in the credit facility, leaving room
for potential departures from the stated leverage limit.
Consequently, Fitch still believes that Nexi may require in excess
of six quarters before fully meeting the leverage target.
Delivery of Cost Savings: Nexi is ahead of Fitch's expectations on
the delivery of its announced cost-savings initiatives in
conjunction with its transformation project that was started in
2017. The initiatives are split between cost savings, integration
synergies, and digital innovations. The related EBITDA uplift as of
2018 was EUR96 million, out of a targeted EUR191 million overall,
leaving EUR95 million to be realised by 2020. Fitch understand that
the progress towards the full achievement of the above initiatives
is significant, therefore Fitch has reduced the execution-related
discount factor applied to Nexi's expected EBITDA contribution to
10%-15% from 30%-35%.
Growth Trend in Digital Payments: The level of card usage in
payment transactions in Italy is one of the lowest in western
Europe, with most reports indicating a CAGR of around 9% in value
for 2015-2018. Online and physical card transactions in Italy are
increasing, driven by the preferences of younger generations, the
growth of e-commerce, and the improving perception of payment
processing safety. Fitch expects levels of electronic and digital
payments in Italy to converge towards those in the rest of western
Europe, as more merchants adopt cards and digital payment methods.
Controlled Risks from Banks' Consolidation: Fitch expects mergers
and consolidation in the banking sector in Italy to continue. Banks
are Nexi's key client category and the main third-party marketing
engine, so consolidation of the sector will reduce the number of
key accounts and increase customer concentration for Nexi,
weakening its bargaining power. Nexi's management has simulated
several scenarios of sector consolidation that result in stable
transaction volumes, lower revenue and flat EBITDA margins compared
to the current plan. Fitch believes Nexi's capacity to deliver cost
savings and to exploit its operating leverage will be key to
defending the company's free cash flow (FCF) in the medium term.
Regulatory Risks: Nexi's activity is subject to regulatory
constraints in privacy, money laundering and personal and business
data protection both from European bodies and Italian authorities.
In Italy, the new government announced measures to stimulate the
wider adoption of digital payments; however, the presence of
pro-cash lobby groups in the country could impair the pace of
implementation of the digital agenda. Nevertheless, long-term
digital adoption trends, together with mild but favourable
legislation adopted over the past seven-to-eight years, including
the electronic invoicing bill, support growth prospects in the
medium term.
Technology Risk: Fitch expects multiple technological advancements
in the payment industry to require investments to develop or
license new solutions in response to changing customer preferences.
Competition, in particular in the field of mobile wallets, can come
from traditional and non-traditional entities, the latter being
between mobile technology, telecom and software operators. However,
Fitch believes that such technological risk is unlikely to
initially dent growth for Nexi, due to the rapid adoption of credit
card and digital payments in Italy.
DERIVATION SUMMARY
Nexi is well-positioned in the growing Italian payment services
market, due to its longstanding relationships with key partner
banks. These relationships, together with high switching costs for
merchants and banks to potential competitors, translate into high
barriers to entry. Following its consolidation with several
acquired entities since its own acquisition by its sponsors in
2015, and operating under the ICBPI brand, Nexi's carved-out
business is characterised by a wide product offering with
considerable operating leverage, which allows the company to expand
its EBITDA margins over 50% and FCF margins towards 13%. It is
comparable to peers rated by Fitch in its public ratings and credit
opinion portfolios within the payment processing industry, such as
Nets Topco Lux 3 Sarl (Nets, B+/Stable) despite the latter's higher
leverage. Nexi has some similarities with PayPal Holdings, Inc.
(BBB+/Stable), which shows lower margins but strong geographical
diversification and significantly lower debt.
Post-IPO and related partial debt prepayment, Nexi's rating fits
appropriately within the 'BB' category, and is comparable with
other Italian technology, media & telecom peers in the same rating
group, such as EI Towers S.p.A (BB/Stable) and Telecom Italia S.p.A
(BB+/Stable), all with similar leverage profiles. Key constraining
factors for Nexi are its 100% exposure to Italy, its leverage,
though materially reduced, and exposure to the evolving digital
payments industry, which still faces competitive pressures and
potential regulatory challenges.
KEY ASSUMPTIONS
- Revenue CAGR of 3.4% for FY19-22 driven by both the cards and
merchant services segments
- EBITDA margin improvement to around 52.3% by 2020 from 49.2%,
driven by realised synergies
- Annual costs of EUR15 million associated with maintaining
the settlement facility
- Capex of about 17.6% of revenue, slightly decreasing to about
14.6% by 2022
- Extraordinary cost items decreasing from EUR52 million in
2019 to EUR20 million from 2021
- Acquisitions of EUR25 million a year
- Dividends to begin in 2020 for EUR20 million, increasing
to EUR55 million in 2021 and EUR60 million in 2022
- 2.5% discount on expected EBITDA uplift impact from
announced initiatives in 2019 and of 6% in 2020
Key Recovery Assumptions
Its analysis assumes that Nexi will be a going concern in
restructuring and that the company would be reorganised rather than
liquidated.
Its analysis assumes a 33% discount to Nexi's 1H19 LTM EBITDA of
around EUR463 million, resulting in a post-restructuring EBITDA of
about EUR310 million. At this level of EBITDA, which assumes
corrective measures have been taken, Fitch would expect Nexi to
generate moderately positive FCF. Fitch also assumes a distressed
multiple of 6.0x and a fully drawn EUR350 million revolving credit
facility (RCF).
After deducting 10% for administrative claims, its waterfall
analysis generated recoveries in the 'RR2' band and capped to 'RR3'
for Italy, indicating a 'BB+' instrument rating for the outstanding
senior secured debt.
Due to the average recovery perspectives assumed by Fitch for
unsecured instruments in the 'BB' territory, the expected rating on
the issuing senior notes has been aligned with the IDR at 'BB
(EXP)'.
RATING SENSITIVITIES
Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- FFO adjusted gross leverage consistently below 4.0x
- FFO fixed-charge coverage over 4.0x
- Demonstrated commitment to deleveraging and stable financial
policy on leverage
Developments That May, Individually or Collectively, Lead to
Negative Rating Action
- FFO adjusted gross leverage above 5.0x
- FFO fixed-charge coverage below 3.0x
- EBITDA margins below 45%
- Financial policy leading to major acquisitions partially or
entirely debt-funded
- Disruption or deterioration in settlement facility setup
LIQUIDITY AND DEBT STRUCTURE
In conjunction with the IPO, the company drew EUR1,000 million of
term loan B and increased its undrawn RCF to EUR350 million. These,
with the EUR700 million equity proceeds from its IPO were used to
repay and partially refinance its outstanding notes, effectively
reducing its total debt amount by EUR 745 million and achieving
material interest savings. The company has EUR323 million cash
on-balance sheet as of June 30, 2019, and EUR 350 million of
available undrawn RCF. The company's liquidity is comfortable as it
has minimal working-capital fluctuations and long-dated maturities,
high capex requirements and expected one-off costs in 2019 that are
however, supported by its FCF margin of around 6% in 2019 and
around 12% thereafter.
SUMMARY OF FINANCIAL ADJUSTMENTS
Results have been recast for the application of IFRS 16 since FY19.
Leases have been capitalised with a multiple of 8x as the company
is based in Italy.
A EUR15 million cash outflow for the settlement facility is
included before FFO.
NEXI SPA: Moody's Rates New EUR825MM Sr. Unsec. Notes 'Ba3'
-----------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Nexi S.p.A.'s
new EUR825 million senior unsecured notes due 2024 and 2027. Nexi's
existing ratings, comprising of Ba3 corporate family rating, Ba3-PD
probability of default rating and Ba3 senior secured notes remain
unchanged. The outlook remains positive.
Aggregate proceeds from the issuance will be used to repay an
equivalent amount of existing notes due in November 2023 in their
entirety. Moody's will withdraw the Ba3 rating on the 2023 senior
notes upon their full redemption.
RATINGS RATIONALE
The issuance of these notes is credit positive because they will
improve Nexi's interest coverage given a reduction in interest
expense. Other financial ratios are anticipated to remain largely
unchanged and, overall, Nexi's credit profile remains broadly
unchanged.
Nexi's Ba3 CFR is supported by (1) the company's diversified
operations across the payments value chain in Italy with leading
market shares, (2) the company's strong relationship with around
150 partner banks, (3) high barriers to entry in the payment
processing market, (4) good growth prospects supported by the
relatively low penetration of card transactions in Italy, and (5)
Nexi's good liquidity position. These strengths are nevertheless
mitigated by (1) the concentration of operations in a single
country, (2) the relative concentration of customers due to the
wholesale nature of its issuing and clearing services, and (3) the
historically acquisitive nature of the business.
The positive outlook reflects Moody's expectation that Nexi will
continue to experience revenue growth at 5% and above over the next
three years and margin improvement on the back of revenue and cost
initiatives.
STRUCTURAL CONSIDERATIONS
The new notes are unsecured and do not benefit from upstream
guarantees from operating subsidiaries. The associated repayment of
the existing notes constitutes a release event of the security
interests under the terms of the facility agreement governing the
term loan and revolving credit facility, which will also no longer
benefit from upstream guarantees. The new notes, the term loan, and
the revolving credit facility will rank pari passu.
The senior unsecured notes are rated Ba3, at the same level as the
CFR, reflecting the relative small size of the liabilities of
Nexi's operating subsidiaries, including trade payables, pensions
and operating leases which will rank ahead following the removal of
the upstream guarantees.
FACTORS THAT COULD LEAD TO AN UPGRADE/DOWNGRADE
Upwards pressure on Nexi's ratings could arise if (1) it achieves
good progress in the coming months on delivering its transformation
plan including meeting its revenue and EBITDA growth targets, (2)
the company significantly reduces non-recurring items, (3) adjusted
gross leverage is maintained at well below 4.5x on a sustained
basis, (4) adjusted FCF/debt increases above 5%, and (5) the
company maintains a good liquidity position.
Negative pressure on the ratings could arise if (1) Nexi
experiences the loss of large customer contracts or increased
churn, (2) adjusted gross leverage increases to above 5.0x on a
sustainable basis, and (3) the company's liquidity position
weakens.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.
===============
P O R T U G A L
===============
CAIXA ECONOMICA MONTEPIO: Moody's Hikes Deposit Ratings to B1
-------------------------------------------------------------
Moody's Investors Service upgraded Portugal's Caixa Economica
Montepio Geral, caixa economica bancaria, S.A.'s long-term deposit
ratings to B1 from B3. At the same time, the rating agency has
downgraded the bank's long-term senior unsecured programme rating
to (P)Caa1 from (P)B3. The outlook on the long-term deposit ratings
was changed to stable from rating under review. Concurrently, the
rating agency has also upgraded (1) the bank's Baseline Credit
Assessment (BCA) and Adjusted BCA to b3 from caa1; (2) its
subordinated debt and programme rating to Caa1 and (P)Caa1 from
Caa2 and (P)Caa2; and (3) its junior subordinated programme rating
to (P)Caa2 from (P)Caa3. The bank's Not-Prime short-term deposit
ratings remain unaffected by the rating action.
Further, Moody's has also assigned a (P)Caa1 junior senior
unsecured rating to the long-term senior non-preferred medium term
note programme of Banco Montepio.
The rating action reflects the improved operating environment in
Portugal, in combination with the progress Banco Montepio is making
in terms of de-risking its balance-sheet as a result of its
2018-2021 transformation plan. In changing the deposit and senior
unsecured programme ratings, the rating agency has also considered
the new legal framework implemented in Portugal earlier this year,
which establishes full depositor preference over senior unsecured
debt instruments in the event of a bank resolution.
This rating action closes the review initiated on July 24, 2019.
RATINGS RATIONALE
RATIONALE FOR UPGRADING THE BCA
The upgrade of Banco Montepio's BCA to b3 reflects: (1) the
improvement of Portugal's Macro Profile to Moderate + from Moderate
which was published on July 24, 2019; and (2) the mild improvements
in Banco Montepio's credit fundamentals as a result of the
implementation of its 2018-2021 transformation plan. Despite these
improvements, Moody's notes that the bank's risk absorption
capacity remains weak on the face of the bank's still significant
asset quality challenges.
At end-June 2019, Banco Montepio reported a non-performing
exposures (NPE) ratio (as per European Banking Authority
definition) of 14.7%, down from 15.8% a year earlier. This was
mainly the result of the disposal of an EUR239 million NPE
portfolio and the write-off of EUR150 million NPEs. Additionally,
the bank sold an EUR321 million portfolio of NPEs last July, which
has resulted into a proforma NPE ratio of 12.9% as of June 2019.
Moody's notes, however, that the organic reduction in NPEs over the
last year has been relatively slow. Moreover, the bank also has
other problematic exposures such as real estate assets which if
included raise the bank's non-performing assets ratio (NPAs; NPEs
plus real estate assets) to a pro-forma 20% considering the NPE
sale.
Banco Montepio's capital levels have also improved over last years,
although they remain modest. Moody's preferred capital measure,
tangible common equity (TCE)/risk-weighted assets (RWAs), stood at
9.9% as of the end of June 2019. These strengthened capital levels
have allowed the bank to comply with regulatory capital
requirements. The bank's fully-loaded CET1 ratio stood at 11.9% as
of the same date.
Despite the enhanced solvency levels, the rating agency notes that
Banco Montepio's loss-absorption capacity remains weak when
measured as the ratio of NPAs to balance-sheet cushions. This ratio
stood at around 115% as of the end of June 2019, down from 118% a
year earlier. This is mainly the result of Banco Montepio's high
stock of problematic assets and low coverage levels, which stood at
50% for NPEs and 36% for NPAs.
Banco Montepio's profitability remains weak. At end-June 2019, the
bank reported a small profit of EUR5 million (compared to EUR18
million a year earlier), which is equivalent to a net income to
tangible assets ratio of 0.05%. A sustained recovery in the bank's
recurring revenue-generation capacity is challenging given the
ongoing asset-quality challenges, subdued business volumes and the
low interest rate environment. Moody's acknowledges the bank's
efforts to undertake a restructuring of its operations, but the
long-term benefits of such restructuring measures will take some
time to materialize.
On March 16, 2018, the General Meeting of Banco Montepio elected
new members for its corporate bodies. The new management team will
have a mandate for the period 2018-2021. Moody's does not apply any
corporate behaviour adjustment to the bank. Nonetheless, corporate
governance remains a key credit consideration and requires ongoing
monitoring.
-- RATIONALE FOR THE LONG-TERM DEPOSIT AND SENIOR UNSECURED
PROGRAMME RATINGS
Banco Montepio's long term deposit ratings and long-term senior
unsecured programme rating of B1/(P)Caa1 reflect: (1) the upgrade
of the bank's BCA and Adjusted BCA to b3 from caa1; (2) Moody's
Advanced LGF analysis, which now results in a two-notch uplift for
deposit ratings and a negative notch for senior debt from the
bank's Adjusted BCA (from previous one notch of uplift for both);
and (3) Moody's unchanged assumption of low probability of
government support, resulting in no uplift.
On March 14, 2019, the Portuguese government transposed into
national legislation the European Union's (EU) Directive 2017/2399
and modified the priority of claims laid out in Portuguese
insolvency law. The new insolvency hierarchy in Portugal gives
preference to all bank depositors over other unsecured creditors in
a bank insolvency or resolution, including junior depositors such
as financial institutions, public authorities and large corporates.
This new framework increases the protection from which junior
deposits benefit as they no longer rank pari passu with senior
unsecured liabilities, thereby reducing expected loss-given-failure
for rated deposits. By the same token, the volume of loss-absorbing
liabilities that would rank alongside senior unsecured debt would
be reduced and therefore the loss rates for senior creditors in the
event of failure would increase.
In upgrading the deposit ratings and downgrading the senior
unsecured programme ratings, Moody's has considered the impact in
its Advanced LGF analysis of this new framework, which results into
a lower loss given failure for deposits and a higher loss given
failure for senior debt.
RATIONALE FOR THE STABLE OUTLOOK
The stable outlook of Banco Montepio's long-term deposit ratings
reflects Moody's view that the expected improvement in Banco
Montepio's financial fundamentals over the outlook period is
already captured in the bank's current rating levels.
RATIONALE FOR THE ASSIGNMENT OF JUNIOR SENIOR UNSECURED PROGRAMME
RATING
By assigning a (P)Caa1 rating to the junior senior unsecured
programme, the rating agency has incorporated the results from its
Advanced LGF analysis, which indicates likely high loss severity
for these instruments in the event of the bank's failure, leading
to positioning the programme rating one notch below the bank's b3
Adjusted BCA.
Senior non-preferred notes, which are referred to as "junior
senior" unsecured notes by Moody's, may be issued under Banco
Montepio's EUR6 billion Euro Medium Term Note programme. As per the
Portuguese Law 23/2019, published on March 13, 2019, such
securities must have an original maturity of one year or more,
cannot have derivative features, and the related issuance documents
must incorporate a contractual subordination clause. As such, in
resolution and insolvency, they would rank junior to other senior
obligations, including senior unsecured debt, and senior to
subordinated debt.
WHAT COULD CHANGE THE RATING UP/DOWN
Upward pressure on Banco Montepio's BCA could be driven by any
clear evidence of a significant improvement in the bank's risk
absorption capacity, along with a sustainable recovery in its
asset-risk profile and recurring earnings.
Downward pressure could be exerted on Banco Montepio's BCA if (1)
the bank fails to improve its risk-absorption capacity owing to
continued asset-quality weakness or additional provisioning efforts
in excess of its capital-generation capacity; or (2) the bank's
liquidity profile deteriorates.
In addition, any changes to the bank's BCA would also likely affect
its debt and deposit ratings because they are linked to its
standalone BCA. Banco Montepio's senior unsecured debt and deposit
ratings could also change as a result of changes in the loss given
failure faced by these securities.
LIST OF AFFECTED RATINGS
Issuer: Caixa Economica Montepio Geral, CEB, S.A.
Downgrades:
Senior Unsecured MTN, Downgraded to (P)Caa1 from (P)B3
Upgrades:
Adjusted Baseline Credit Assessment, Upgraded to b3 from caa1
Baseline Credit Assessment, Upgraded to b3 from caa1
Long-term Counterparty Risk Assessment, Upgraded to Ba3(cr) from
B1(cr)
Long-term Counterparty Risk Rating, Upgraded to Ba3 from B1
Junior Subordinate MTN, Upgraded to (P)Caa2 from (P)Caa3
Subordinate MTN, Upgraded to (P)Caa1 from (P)Caa2
Subordinate, Upgraded to Caa1 from Caa2
Long-term Bank Deposit Ratings, Upgraded to B1 Stable from B3
Rating under Review
Assignments:
Junior Senior Unsecured MTN Program (Local Currency), Assigned
(P)Caa1
Outlook Actions:
Outlook, Changed To Stable From Rating Under Review
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Banks published
in August 2018.
NAVIGATOR COMPANY: Moody's Withdraws Ba2 CFR for Business Reasons
-----------------------------------------------------------------
Moody's Investors Service withdrawn all ratings and outlook of The
Navigator Company. At the time of withdrawal the ratings were:
corporate family rating of Ba2 and probability of default rating of
Ba2-PD. Concurrently Moody's has withdrawn the stable outlook.
RATINGS RATIONALE
Moody's has decided to withdraw the ratings for its own business
reasons.
Based in Lisbon, Portugal, The Navigator Company is the leading
producer of UWF paper in Europe, and is also active in the
production of eucalyptus hardwood pulp, energy and tissue. With a
workforce of around 3,300 employees, the company generated revenue
of around EUR1.7 billion in 2018. While its production footprint is
located in Portugal, its end customers are broadly diversified,
primarily in Western European countries and in the US. The company
is listed on the Lisbon Stock Exchange, with a market
capitalisation of around EUR2.2 billion as of October 8, 2019. The
company's majority shareholder, Semapa, a Portugal-based investment
holding company, held 69.4% of its shares as of the end of December
2018.
===========
R U S S I A
===========
AGRIBUSINESS HOLDING: Fitch Affirms 'B' LT IDRs, Outlook Stable
---------------------------------------------------------------
Fitch Ratings affirmed Russia-based Agribusiness Holding Miratorg
LLC's Long-Term Foreign- and Local-Currency Issuer Default Ratings
at 'B'. The Outlook is Stable.
Miratorg's ratings continue to reflect its currently heightened
leverage levels due to the ongoing capex-intense expansion project
and increased amount of guarantees provided for related parties'
liabilities. This is balanced by large scale, strong market
positions in Russia and a high degree of vertical integration
across the value chain, which results in strong EBITDA margins and
large business scale. The Stable Outlook reflects Fitch's
expectation that following an increase in leverage in 2019 and
2020, the company should gradually deleverage from 2021 as new
facilities will come on stream, as well as its assumption that
Miratorg will be able to maintain ready access to bank financing
and obtain funding for new investments on a timely basis.
The senior unsecured rating of Miratorg Finance LLC's RUB5 billion
bond due in April 2021 was withdrawn with the following reason For
Commercial Purposes
KEY RATING DRIVERS
Vertically Integrated Business Model: Miratorg's ratings are
supported by the group's robust business model. Miratorg is the
largest pork producer and ranks among the top 10 chicken producers
in Russia. It benefits from vertical integration across the value
chain, from crop growing and fodder production to livestock and
poultry breeding, slaughtering and product delivery. High vertical
integration enables the group to maintain higher-than-peer EBITDA
margins and to smooth out the business's inherent volatility.
Expansion In Progress: Miratorg is continuing its project to double
pork production by 2024 to benefit from industry consolidation
trends and increase its market share at the expense of small
players and household producers. The project requires substantial
investments of RUB156 billion, mostly debt-funded, with peak
investments in 2018-2020 (2018: RUB24 billion). The rating also
takes into account Miratorg's capex flexibility as the project is
in four phases, making postponement of investments possible should
the operating environment worsen.
Leverage at Peak: As a result of large investment in pork
production, Fitch expects Miratorg's funds from operations (FFO)
adjusted gross leverage to exceed 5.5x (2018: 5.0x) over the
investment cycle before easing to 5x and below from 2021 once
capacity starts to ramp up. Current high leverage levels continue
to pressure Miratorg's credit profile. The anticipated deleveraging
pace would also be subject to Miratorg's other expansion plans,
such as a potential RUB4.5 billion project in the poultry segment,
as well as the extent of support provided to related-party
projects.
Profitability of Pork Under Pressure: Fitch expects EBITDA margin
in the core pork segment (2018: 68% of group EBITDA) to drop toward
40.0% from 46.7% in 2018 (based on gross revenue) due to declining
pork prices in the country, stemming from a growing meat supply
from both local producers and importers. In view of continued
growth of output by large industrial producers and subdued consumer
sentiment in Russia, Fitch does not expect fast recovery in pork
prices in the near term. In addition, profitability of the total
pork segment will be dragged down by the lower margins of the new
facilities until they will reach its planned capacity after 2023.
Thus Fitch projects EBITDA margin will remain lower in 2020-22
compared with historical averages, but still at very strong levels
compared with international peers.
Other Segments Support Profit: Fitch estimates lower profitability
in the pork segment in 2019 will largely be offset by continued
growth in other profitable segments. Poultry and Crop Farming
divisions, which also enjoy EBITDA margin of 30% or above, continue
to demonstrate double-digit revenue growth on the back of further
output increase and a more favourable price environment. Meat
processing continues to expand with its revenue increased by 54%
yoy and EBITDA almost doubled in 1H19. Altogether, other segments'
contribution to group EBITDA grew to 32% in 2018 from 27% in
2017and Fitch expects it to be 37% in 2019. However, as new pork
facilities will ramp up, the share of other segments in EBITDA is
likely to return to below 30%.
Support to Related-Party Project: Miratorg's shareholders are also
developing a beef business, partly with the financial help of
Miratorg. In 2018, Miratorg has substantially increased the amount
of guarantees provided for working capital loans of Bryansk Meat
Company LLC, to RUB41.6 billion from RUB21.1 billion in 2017, while
investment loans of this entity remained ring-fenced. Fitch treats
the guarantees as off-balance sheet debt and add them to Miratorg's
debt obligations, that has contributed 1.2x to FFO adjusted gross
leverage in 2018. Its projections assume stable levels of
guaranteed debt over the medium term. Fitch also conservatively
factors in cash support from Miratorg through related-party loans
of around RUB5 billion per year over 2019-2022.
Weak Governance Drags on Credit Profile: In Fitch's view,
Miratorg's corporate governance is not in line with standard
practices due to key man risk from its two shareholders,
related-party transactions, guarantees provided outside the group
perimeter and a complex group structure. Miratorg's audited
consolidated accounts include entities which it controls the
operations of but does not own. The weak governance practices
continue to have a moderate negative impact on the group's credit
profile.
State Support for the Sector: As an agricultural producer, Miratorg
enjoys a favourable tax regime and subsidised interest rates. This
helps its cash flow generation, leading to improved financial
flexibility. Additionally, Fitch believes the company benefits from
the restrictions on imports of meat into the country that were put
in place in 2014. As food self-sufficiency remains one of key
objectives of the Russian government, Fitch expects state support
to agricultural producers to be maintained over the next four
years. Its rating case assumes maintained scope of this level of
state support but also recognises that the company's increasingly
strong scale benefits and market position would enable it to
successfully cope with a less favourable environment.
DERIVATION SUMMARY
Miratorg has a smaller business size and weaker ranking on a global
scale than industry leaders Tyson Foods Inc. (BBB/Stable),
Smithfields Foods Inc. (BBB/Stable) and BRF S.A. (BB/Stable).
Furthermore, Miratorg's projected leverage is substantially higher
than peers and the group's rating also incorporates weak corporate
governance practices.
Miratorg has a similar vertically integrated business model and
comparable size with the largest Ukrainian poultry producer and
exporter MHP SE (LC IDR: B+/Stable), whose rating is also pressured
by Ukraine's operating environment. Compared with MHP, Miratorg has
higher Fitch-projected leverage and weaker corporate governance,
which result in a rating difference.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer
- Revenue and EBITDA to grow 13% CAGR over 2019-2022, driven
mostly by increasing pork production volumes
- Capex related to construction of new pork production capacity
of around RUB105 billion in total over 2019-2022
- Capex related expansion of existing pork capacity, other
projects and maintenance capex together of around RUB15 billion per
year over 2019-22
- Normalisation of working-capital turnover rates following
abnormal levels at end-2018 with net working capital as percentage
of revenue at around 25%-26% (2018: 30%)
- Maintenance of state support to the sector, including interest
rate subsidies, favourable tax regime
- Additional loans to related parties not exceeding RUB5 billion
per year over 2019-2022
- Guarantees to related parties' liabilities, which Fitch treats
as Miratorg's debt, stable at RUB41.6 billion
- No dividends
KEY RECOVERY RATING ASSUMPTIONS
The recovery analysis assumes that Miratorg will be considered a
going-concern in bankruptcy and that it will be reorganised rather
than liquidated.
Miratorg's going-concern EBITDA is based on projected 2022 EBITDA,
which reflects EBITDA close to completion of the group's investment
cycle. The going-concern EBITDA is 30% below projected 2022 EBITDA
to reflect the industry's inherent volatility due to fluctuations
in selling prices and prices for fodder, which is a key raw
material for meat producers. An enterprise value (EV) multiple of
5x is used to calculate a post-reorganisation valuation and to
reflect a mid-cycle multiple.
Fitch treats secured and unsecured debt at operating companies as
debt ranking prior to bonds. Fitch treats guaranteed debt of
related parties as pari passu with bonds and debt at TK Miratorg
LLC level, as these guarantees are provided to related parties by
TK Miratorg and the holding company. Fitch assumes committed credit
lines to be fully drawn upon default.
The waterfall results in a 0% recovery corresponding to 'RR6'
Recovery Rating for Miratorg Finance LLC's local RUB5 billion bonds
due April 2021. This indicates poor recoveries for bondholders in
the event of default. Fitch has affirmed the senior unsecured
rating at 'CCC+' and withdrawn it for commercial reasons.
RATING SENSITIVITIES
Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- Successful implementation of pork production capacity expansion
and production ramp-up in accordance with schedule
- FFO adjusted gross leverage decreasing towards 4.0x on a
sustained basis (2018: 5.0x)
- FFO fixed charge cover sustainably around 2.0x (2018: 3.3x)
- Management's commitment to a more conservative capital
structure
Developments That May, Individually or Collectively, Lead to
Negative Rating Action
- FFO adjusted gross leverage consistently above 5.5x driven by
delays in new production facility construction and ramp-up or a
more challenging market environment
- FFO fixed charge cover sustainably below 2.0x
- Material deterioration in free cash flow (FCF) generation
driven, for example, by lower EBITDA margin, and/or
larger-than-expected loans to related parties
- Liquidity shortage caused by the limited availability of bank
financing in relation to capex and short-term maturities or
refinancing at more onerous terms than expected
LIQUIDITY AND DEBT STRUCTURE
Insufficient Liquidity: At end-December 2018 Fitch-adjusted
unrestricted cash balances of RUB17.1 billion, and committed
undrawn credit facilities of RUB10.4 billion were insufficient to
cover short-term debt of RUB53.8 billion and expected negative FCF
driven by high capex needs. Liquidity sources do not take into
account funding for new pork production capacity as credit
agreements have not yet been signed. However, the credit limit has
been approved by one of the largest Russian banks and management is
confident it will be able to obtain the necessary funding on a
timely basis. Access to liquidity is supported by Miratorg's strong
relationships with Russian state-owned banks.
SUMMARY OF FINANCIAL ADJUSTMENTS
Fitch adjusted available cash at end-2018 by deducting RUB1.5
billion for cash held for operating purposes.
Fitch adjusted end-2018 debt by applying a multiple of 6x of yearly
operating lease expenses (RUB1.1 billion for 2018). The multiple is
standard for companies operating in Russia.
Fitch adjusted end-2018 debt by adding guarantees provided for
related-party obligations (2018: RUB41.6 billion).
ALFA-BANK JSC: Fitch Alters Outlook on BB+ LT IDR to Positive
-------------------------------------------------------------
Fitch Ratings revised the Outlook on Russia-based Joint Stock
Company Alfa-Bank's Long-Term Foreign- and Local-Currency Issuer
Default Ratings to Positive from Stable and affirmed the IDRs at
'BB+'. Fitch has also revised the Outlook on the Long-Term IDR of
Alfa's Cyprus-based holding company ABH Financial Limited to
Positive from Stable and affirmed the IDR at 'BB'.
KEY RATING DRIVERS
ALFA
IDRS, VIABILITY RATING (VR)
Alfa's 'BB+' Long-Term IDRs reflect its intrinsic credit strength,
as expressed by its 'bb+' VR, one of the highest VRs for a
privately-owned bank in Russia. Alfa's VR continues to reflect a
well-established domestic franchise, the bank's access to top tier
Russian borrowers/depositors, a strong funding profile and ample
liquidity, resilient asset quality and stable bottom line
performance in recent years. However, on the negative side, the
ratings capture significant risks related to rapid recent and
planned expansion in unsecured retail lending.
The Positive Outlook reflects Fitch's base case expectation that
the bank will be upgraded to 'BBB-' over the next one to two years,
in line with the recent improvement in the Russian operating
environment (now assessed by Fitch at 'bbb-', up from 'bb+'
previously) and resultant upgrades of other Russian privately-owned
banks. However, such an upgrade will be dependent on the
satisfactory performance of the retail lending business, a
moderation of loan growth rates and on earnings being sufficient to
support growth and maintain capital ratios at current levels.
Fitch considers Alfa's strategy of rapid growth in unsecured retail
lending (34% (not annualised) in 1H19 after 37% in 2018;
considerably above the sector averages of 10% and 22%,
respectively) to be risky and the main constraint on the rating, as
the segment is already showing some risks of overheating. The
latter is reflected in personal income growth being a low 4% in
nominal terms in 2018 and expected to be similar to this in 2019,
which is significantly below retail lending growth. The inflow of
new retail borrowers in banks is limited, meaning that existing
ones are becoming increasingly leveraged. Its 'bb+' Risk Appetite
assessment has a high influence on Alfa's ratings.
So far, the share of retail loans in Alfa's gross loans book has
been moderate (23.5% at end-1H19) and retail loan quality has been
good (Stage 3 ratio of 2.1% at end-2Q19 and annualised write-offs
in retail of 1.7% in 1H19). However, there could be greater
deterioration in the medium term, as suggested by recent loan
vintages showing a moderate upward trend. The bank plans to
approximately double the retail loan book from the end-1H19 level
by end-2021, although with a greater emphasis on mortgages, which
are targeted to grow to about a quarter of the book. Positively,
the interest margins on retail loans, in particular credit cards,
are rather high, providing a reasonable safety buffer against
potential losses.
Overall asset quality is currently good with headline impaired
loans (defined as Stage 3 loans under IFRS 9) equal to a moderate
5.1% of gross loans at end-1H19 (end-2018: 3.5%) and 72% covered by
total loan loss allowances. Impaired loans spiked in 2Q19 due to
the impairment of one lumpy corporate exposure, which also required
additional provisioning, but residual credit risks are limited due
to the availability of hard collateral. Fitch views the credit
quality of Alfa's other corporate loans as generally strong, as the
majority of its largest loans are extended to Russian top-tier
corporates.
The Fitch Core Capital ratio, based on IFRS accounts consolidated
at the ABHFL level, was a solid 15% at end-1H19, but Alfa will need
to generate significant capital internally in order to maintain
this ratio in the medium term, given planned rapid loan growth.
Regulatory capitalisation is managed rather tightly. Alfa's Core
Tier 1 ratio (N1.1) was 9.5% at end-8M19, while the fully-loaded
statutory minimum (including Basel III buffers) is 8.0% from
January 2020. In Fitch's view, this 150bp headroom is only
moderate, particularly in light of (i) more punitive regulatory
risk-weights on retail loans introduced from April 1, and
additionally from October 1; and (ii) Alfa's currency structure,
which protects its IFRS capital from Russian ruble devaluation, but
could result in a hit to regulatory earnings and/or capital, if the
ruble significantly appreciates against the US dollar.
As a moderate mitigating factor, Alfa's proven ability to
de-leverage, supported by a generally short-term loan book and the
high quality of its corporate loans, may ease the pressure on
regulatory capital in a stress case scenario. In addition, loan
impairment reserves in statutory accounts are significantly higher
than in IFRS statements, and it may be possible to partially
release these if needed to support regulatory capital. Alfa's
shareholders have also supported the bank with equity injections in
the past when the need has arisen.
Based on 1H19 results, Fitch believes that Alfa is on track to post
15% ROAE in 2019 and probably similar results in 2020, although
this would be conditional on the stability of retail loan
impairment charges. Pre-impairment performance benefits from a
decent 4.8% net interest margin and reasonable cost control. Fitch
believes that margins are likely to stay relatively stable in the
next few years, as the gradual sector-wide reduction of rates
should be compensated by the increased proportion of
higher-yielding retail loans in Alfa's business mix.
The bank's funding profile and liquidity are rating strengths. Alfa
is predominantly deposit funded, and its funding mix benefits from
its access to top-tier corporate depositors and a significant share
of on demand current accounts (equal to 42% of total liabilities),
resulting in superior funding stability and low customer funding
costs (4.3% in 1H19; marginally above some Russian state- and
foreign-owned banks).
After the repayment of its USD750 million subordinated Eurobond in
September 2019, Alfa's remaining refinancing needs are limited. At
end-2Q19, Alfa's liquidity buffer, consisting of cash and bonds
(most of which are eligible for repo with the Central Bank),
exceeded USD12 billion, equal to a high 27% of total liabilities.
SUPPORT RATING (SR) AND SUPPORT RATING FLOOR (SRF)
The revision of Alfa's SRF to 'BB-' from 'B', and upgrade of its SR
to '3' from '4', reflect an improved track record of state support
to privately-owned banks in Russia, as evidenced by the bail-out of
senior unsecured creditors at three medium-sized Russian private
banks which failed in 2017, and the absence of any current plans to
introduce comprehensive senior creditor bail-in provisions into
Russian legislation. Alfa's 'BB-' SRF also captures its moderate
systemic importance as the fourth-largest bank in Russia with a 4%
market share and substantial (in absolute terms) deposit base.
ABH FINANCIAL LIMITED (ABHFL)
IDRS, SR
Fitch has affirmed ABHFL's 'BB' Long-Term IDR given the limited
changes in Fitch's view of the group structure. Fitch expects that
default risks for the bank and the holding company will be highly
correlated due to a high degree of fungibility of capital and
liquidity within the group, which is managed as a single entity.
ABHFL's double leverage, defined by Fitch as equity investments in
subsidiaries divided by the holdco's equity, fell to a moderate
112% at end-1H19 from 156% at end-1H17, reflecting the entity's
significant deleveraging in recent years. The currently moderate
volume of ABHFL's third-party debt further supports close alignment
of its ratings with those of Alfa.
The one-notch differential between the bank's and the holding
company's ratings reflects the absence of any consolidated
regulation for the two entities due to them being incorporated in
different jurisdictions. However, Fitch does not expect this to be
a significant constraint on ABHFL's ability to benefit from the
liquidity strengths of the broader group, and of Alfa-Bank in
particular.
DEBT RATINGS
The senior unsecured debt issued by Alfa and ABHFL is rated in line
with their Long-Term IDRs in the respective currencies.
Alfa's 'BB' subordinated debt rating is notched down once from its
VR, reflecting higher loss severity relative to senior unsecured
creditors.
Alfa's perpetual notes, which qualify as AT1 capital, are rated
'B', four notches lower than the bank's VR. The notching reflects
(i) deep subordination of the perpetual notes relative to senior
unsecured creditors, resulting in higher loss severity; and (ii)
Alfa's option to cancel coupon payments at its discretion,
resulting in additional non-performance risk. The latter is more
likely if capital ratios fall into the capital buffer zone,
although this risk is somewhat mitigated by Alfa's stable financial
profile.
RATING SENSITIVITIES
Fitch will likely upgrade Alfa's Long-Term IDRs and debt ratings to
investment grade if the retail lending business performs
satisfactorily, loan growth moderates and earnings are sufficient
to support growth and maintain capital ratios at current levels.
Alfa's Short-Term IDR would be upgraded to 'F3' if its Long-Term
IDR was upgraded to investment grade. Weak asset quality in retail,
continued rapid growth or significant erosion of capital ratios
could result in the Outlook being revised to Stable
ABHFL's ratings will likely move in tandem with Alfa's Long-Term
Foreign-Currency IDR, but one notch lower. An upgrade of ABHFL to
the level of Alfa is unlikely, given that the entities are
incorporated in different jurisdictions.
The debt ratings are sensitive to changes in their respective
anchor ratings (IDRs for senior debt; VR for subordinated debt and
perpetual notes). Alfa's subordinated debt ratings are also
sensitive to its assessment of loss severity in default. Alfa's
perpetual note ratings are also sensitive to incremental coupon
non-performance risk relative to the risk captured in Alfa Bank's
VR. This could occur if there is a change in capital management or
flexibility or an unexpected shift in regulatory buffers.
Alfa's SR and SRF are primarily sensitive to changes in Russia's
ability or propensity to support the bank.
CENTER-INVEST BANK: Moody's Affirms Ba3 LongTerm Deposit Ratings
----------------------------------------------------------------
Moody's Investors Service affirmed Ba3 long-term local and foreign
currency deposit ratings of Center-Invest Bank (Russia). The
outlook on the ratings remains stable. Moody's also affirmed the
bank's Baseline Credit Assessment and Adjusted BCA of ba3, its
long-term Counterparty Risk Assessment of Ba2(cr) and long-term
local and foreign currency Counterparty Risk Ratings of Ba2.
Center-Invest Bank's short-term CR Assessment of Not Prime(cr), as
well as its short-term deposit ratings and short-term CRR of Not
Prime (NP) were also affirmed.
RATINGS RATIONALE
Moody's affirmation of Center-Invest Bank's ratings with a stable
outlook reflects the bank's robust capital adequacy, resilient
profitability and stable and granular funding base, which
counterbalance its relatively high level of problem loans and
somewhat volatile liquidity position.
As of June 30, 2019, Center-Invest Bank's problem loans were 9.1%
of total gross loans, a relatively high level reflecting a slow
work-out of several large legacy problem loans. Center-Invest
Bank's coverage of problem loans by loan loss reserves is a
moderate 72% as of June 30, 2019, but with tangible common equity
of 14.7% of risk-weighted assets as of the same reporting date,
coupled with good recurring earnings generation, the bank still has
a strong loss-absorption buffer, in Moody's view.
Center-Invest Bank posted net IFRS income of RUB793 million for the
first half of 2019. After adjustment of this income for
non-recurring and one-off income streams, the bank's return on
average assets is 0.9% (annualised), a decline from the 1.4% posted
in 2018 mainly attributable to an increase in provision charges
associated with a large problematic exposure. Moody's expects
Center-Invest Bank's profitability to remain stable over the next
12 to 18 months. The bank will be able to sustain its strong net
interest margin of around 5%, but its credit losses will likely
remain at elevated levels given the current relatively low coverage
of problem loans by loan loss reserves.
Center-Invest Bank demonstrates a robust funding profile. As of
June 30, 2019, retail deposits accounted for 77% of its total
liabilities, and are predominantly term deposits. At the same time,
the bank's liquidity position is somewhat volatile reflecting,
inter alia, the seasonality of its customer businesses. As of
December 31, 2018, the ratio of liquid banking assets to tangible
banking assets stood at 17%, before declining to 12% as of mid-2019
and then rising to 19% by September 1, 2019. Moody's expects
Center-Invest Bank's liquidity ratio to remain around 17%, in line
with the average over 2016-1H2019, which provides a reasonable
buffer against outflows in the context of the recurring and stable
cash inflows from the bank's granular loan book and its immaterial
use of market funding.
WHAT COULD MOVE THE RATINGS UP / DOWN
Center-Invest Bank's BCA and ratings could be upgraded if problem
assets fell materially or if the liquidity buffer were to stabilize
significantly above its recent level.
Center-Invest Bank's ratings could be downgraded if the bank's
credit losses were to rise well above historical averages and if
its capitalization were to weaken. Any significant funding outflows
or a deterioration of liquidity position could also lead to a
downgrade of the bank's BCA and ratings.
LIST OF AFFECTED RATINGS
Issuer: Center-Invest Bank
Affirmations:
Adjusted Baseline Credit Assessment, Affirmed ba3
Baseline Credit Assessment, Affirmed ba3
Long-term Counterparty Risk Assessment, Affirmed Ba2(cr)
Short-term Counterparty Risk Assessment, Affirmed NP(cr)
Long-term Counterparty Risk Ratings, Affirmed Ba2
Short-term Counterparty Risk Ratings, Affirmed NP
Long-term Bank Deposit Ratings, Affirmed Ba3 Stable
Short-term Bank Deposit Ratings, Affirmed NP
Outlook Actions:
Outlook, Remains Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Banks published
in August 2018.
PETROPAVLOVSK PLC: S&P Alters Outlook to Positive & Affirms B- ICR
------------------------------------------------------------------
S&P Global Ratings revised the outlook on Petropavlovsk PLC to
positive from negative, and affirmed the rating at 'B-'.
The outlook revision reflects the progress Petropavlovsk has made
progress over the past 12 months in a number of key areas. The
company has demonstrated stronger operating performance, improved
liquidity, stronger governance, and a potential to reduce leverage
meaningfully from 2020. This could translate into a higher rating
in the next six to 12 months.
In the first half of 2019, reported EBITDA improved to $83 million
compared to $61 million in the first half of 2018. S&P said, "We
expect $180 million-$200 million in 2019 and $250 million-$300
million in 2020. In our view, earnings will be supported by the
ramped-up POX facility, steady non-refractory gold production at
Albyn mine, and increasingly improved cost control." The POX
facility allows Petropavlovsk to process refractory ore, both from
own reserves (of which about 50% are refractory), and from
concentrate sourced from third parties. It has already delivered
two quarters of processing refractory ore from its Malomir mine and
in July it began processing a small amount of third-party
concentrate, both with recovery rates above expectations.
S&P said, "We now expect gold sales of 450,000-500,000 ounces (oz),
excluding any upside from processing of third-party concentrate, in
line with management guidance. This would represent an increase on
sales of 370,000 oz in 2018. The first-half total cash cost (TCC)
has shown marked improvement, and we expect around $850/oz for the
full year, at the top end of management's revised guidance of
$750/oz-$850/oz. In taking a more-conservative stance on TCCs, we
consider the cost overruns in previous years.
"To support a higher rating, we would need to see this stronger
performance translating into leverage reduction. In our base case,
we assume that adjusted debt to EBITDA could improve to about 3.0x
already in 2020 from our estimate of 5.0x for 2019, reflecting
EBITDA growth and some degree of absolute debt reduction."
Rating upside could also come from the sale of the IRC stake
(marked to market at around $32 million), if the guarantee that
Petropavlovsk provides for IRC's debt with Gazprombank falls away
as part of a sale. This would reduce our adjusted debt by $160
million to about $760 million at year-end 2019 (including around
$115 million streaming outstanding and about $21 million asset
retirement obligations).
The refinancing of the $100 million convertible bonds (due to
mature in March 2020) was a positive step, because it extended the
company's debt maturity profile. The next debt maturity is now in
November 2022, when $500 million bonds come due. The new $125
million convertible bonds mature in July 2024. At end-June, the
company also had around $156 million prepays drawn from its
contracts with Gazprombank. S&P understands that it will settle
these with gold deliveries in the next 12-18 months.
S&P said, "We see an improvement in Petropavlovsk's governance as
the company's shareholder structure stabilized after Altair, a
limited liability Russian company whose ultimate beneficiary is
Roman Trotsenko, became the new largest shareholder in July 2019.
The board is fully functional, and there seems to be a consensus on
strategy and financial policy as the company aims to achieve net
debt to EBITDA of 2.0x as its long-term leverage target.
"We understand that the strategy includes expanding the internal
refractory ore capacity (via the acquisition of small high-grade
deposits and expansion of the Pioneer mine) and continuing with
third-party refractory concentrate purchases, to fill up capacity
at the POX until organic sources are developed from 2021/2022
onward. The management team is well placed to continue driving
improved performance given their in-depth knowledge of the company.
We have therefore revised upward our assessment of management and
governance to fair from weak.
"The positive outlook reflects our expectation of continued
improvement in operating performance, which could support a
reduction in debt leverage.
"Our base case assumes that EBITDA improves to $180 million-$200
million in 2019 and $250 million-$300 million in 2020, from $143
million in 2018. This should translate into an improvement of
adjusted debt to EBITDA to 3.0x-4.0x in 2020 from our estimated
5.0x in 2019. Should the POX economics be more favorable than we
currently forecast, there would be material upside to the base
case, supporting even more rapid deleveraging.
"We could consider raising our rating on Petropavlovsk to 'B' from
'B-' in the next six to 12 months if the company built a longer
track record of operating performance and EBITDA in line with our
base case, while maintaining adequate liquidity and focusing on
deleveraging the balance sheet. We would see adjusted debt to
EBITDA sustainably below 3.5x and funds from operations (FFO) to
debt sustainably above 20% as commensurate with a 'B' rating."
Upside could also come from sale of the stake in IRC, including
elimination of the guarantee in favor of the Gazprombank debt.
S&P said, "We are likely to revise the outlook to stable if
Petropavlovsk underperformed against our base case, such that the
reduction in leverage to below 3.5x would become a more remote
possibility. This could be the case if the company didn't meet its
volumes or TCC guidance, or embarked on a material debt-financed
acquisition that would delay deleveraging compared with our base
case."
ROSDORBANK: Moody's Alters Outlook on B3 Deposit Ratings to Pos.
----------------------------------------------------------------
Moody's Investors Service affirmed the long-term and short-term
local and foreign currency deposit ratings of Rosdorbank at B3/Not
Prime and changed the outlook on the bank's long-term B3 deposit
ratings to positive from stable. Concurrently, Moody's affirmed the
bank's b3 Baseline Credit Assessment and Adjusted BCA. Moody's also
affirmed Rosdorbank's B2(cr)/Not Prime(cr) long-term and short-term
Counterparty Risk Assessment and its B2/Not Prime long-term and
short-term local and foreign currency Counterparty Risk Ratings.
RATINGS RATIONALE
The rating action reflects Moody's view that the recent RUB750
million (USD12 million) capital increase will improve the bank's
credit profile by strengthening its capital adequacy metrics,
reducing the credit risks from the bank's concentrated loan book
and boosting its competitiveness. Following the approval of the
capital increase by the Central Bank of Russia later in the year,
Moody's expects Rosdorbank's capital adequacy to increase with
tangible common equity exceeding 12% of the bank's risk-weighted
assets by year-end 2019, i.e. well above the 9.2% reported as of
June 30, 2019, and to move further closer to 11% within the next 12
months. The capital increase will also reduce credit concentration
risks and in the longer term enable the bank to increase
interest-earning assets and improve operating efficiency,
offsetting narrowing net interest margin trends.
Given the boutique nature of Rosdorbank's operations and its
limited size with RUB15.6 billion (USD247 million) in total assets
as of June 30, 2019, the bank's operating efficiency was modest
until recently. Although the bank's wide net interest margin of
above 5% enabled it to report profits in the recent years,
Rosdorbank's profitability (net income / tangible assets: 1.26% in
2018,1.99% in 2017, 0.85% in 2016) was constrained by high
operating costs relative to its assets. In addition, credit
concentration risks remained elevated with a number of large credit
exposures each reaching 20% of the bank's tangible common equity,
making the bank's solvency highly vulnerable to potential
impairments of largest loans. Moody's expects that greater capital
and interest-earning assets will help to support profitability by
reducing operating expenditure relative to total assets, while
lowering concentration risks. These considerations are now captured
in the positive outlook assigned to the bank's B3 long-term deposit
ratings.
WHAT COULD MOVE THE RATINGS UP / DOWN
Rosdorbank's BCA and the long-term deposit ratings could be
upgraded as a result of decreased credit and related-party
concentrations.
While the downgrade of the bank rating is not anticipated, the
outlook on Rosdorbank's ratings could be changed back to stable
from positive if increasing competition in Russian corporate
lending results in higher asset risk.
LIST OF AFFECTED RATINGS
Issuer: Rosdorbank
Affirmations:
Adjusted Baseline Credit Assessment, Affirmed b3
Baseline Credit Assessment, Affirmed b3
Long-term Counterparty Risk Assessment, Affirmed B2(cr)
Short-term Counterparty Risk Assessment, Affirmed NP(cr)
Long-term Counterparty Risk Ratings, Affirmed B2
Short-term Counterparty Risk Ratings, Affirmed NP
Long-term Bank Deposit Ratings, Affirmed B3, Outlook changed to
Positive from Stable
Short-term Bank Deposit Ratings, Affirmed NP
Outlook Actions:
Outlook, Changed to Positive from Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Banks published
in August 2018.
SOVCOM CAPITAL: Fitch Assigns BB Rating on $300MM 8% Sub. Notes
---------------------------------------------------------------
Fitch Ratings assigned SovCom Capital DAC's USD300 million 8%
subordinated notes due 2030 a final long-term rating of 'BB'.
SovCom Capital DAC is a financing special purpose entity of
Russia-based PJSC Sovcombank (SCB; BB+/Stable/bb+). The notes will
be used solely for financing a subordinated loan to SCB. The notes
will mature in 2030 but SCB has a call option to repay them in 2025
subject to approval from the Central Bank of Russia (CBR).
The assignment of the final rating follows the completion of the
issue and receipt of documents conforming to the information
previously received. The final rating is in line with the expected
rating assigned on September 20, 2019.
KEY RATING DRIVERS
The notes are rated one notch below SCB's 'bb+' Viability Rating
(VR), reflecting below-average recovery prospects for the notes in
case of a non-viability event. Fitch does not notch the notes for
non-performance risk because the terms of the notes do not provide
for loss absorption on a "going concern" basis (e.g. coupon
omission or write-down/conversion).
The notes should qualify as Tier 2 regulatory capital due to full
or partial write-down in case either (i) SCB's CET1 falls below 2%
for six or more operational days in aggregate during any
consecutive period of 30 operational days; or (ii) the CBR approves
a plan for the participation of the CBR in bankruptcy prevention
measures in respect of SCB, or the Banking Supervision Committee of
the CBR approves a plan for the participation of the Deposit
Insurance Agency in bankruptcy prevention measures in respect of
the bank.
RATING SENSITIVITIES
The subordinated notes' rating will likely move in tandem with
SCB's VR. Upside potential for this is limited and requires a
meaningful improvement of the bank's franchise, while maintaining
strong profitability, asset quality and capital metrics. A
downgrade of SCB's VR could result from a sharp deterioration in
asset quality or aggressive growth above its expectations leading
to material capital erosion, or mismanagement of liquidity and
market risks.
The subordinated notes' rating is also sensitive to a change in
notching should Fitch change its assessment of loss severity or
relative non-performance risk.
UC RUSAL: In Talks With Customers for 2020 Supply Contracts
-----------------------------------------------------------
RJR News reports that international media reports said Windalco's
parent company Rusal and other aluminum producers are under
pressure to cut prices for 2020 contacts because of weak market
conditions.
It's reported that potential customers are also trying to use
Rusal's US sanctions experience as leverage, according to RJR
News.
An aluminum trader said this is also a consequence of a
well-supplied market.
Reuters News Agency quoted six industry sources as saying that
Rusal is in talks with customers to agree 2020 supply contracts,
marking the first round of autumn negotiations since US sanctions
against the Russian company were lifted in January, the report
notes.
Rusal starts the aluminum industry's so called mating season hoping
to win back customers lost a year ago due to the sanctions which
hit the company's bottom line and roiled world aluminum markets,
the report relays.
Washington lifted the sanctions on Rusal in late January, after
intense negotiations and a series of organizational changes within
Rusal, the report discloses.
The measures on its co-owner Oleg Deripaska remain in place, the
report adds.
West Indies Alumina Company (WINDALCO), formerly Jamalcan, is a
joint venture between the UC Rusal and the Government of Jamaica.
UC Rusal is the majority shareholder (93% stake) and manages the
joint venture. The Government of Jamaica owns the remaining 7%
share.
About UC Rusal
Headquartered in Russia, RUSAL is one of the largest integrated
aluminium producers, with aluminium output of 3.8 million tonnes in
2018. The company generated revenue of $10.3 billion and
Moody's-adjusted EBITDA of $2.2 billion in 2018.
===========
S W E D E N
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IGT HOLDING III: Moody's Assigns B2 CFR, Outlook Negative
---------------------------------------------------------
Moody's Investors Service assigned a B2 corporate family rating and
B2-PD probability of default rating to IGT Holding III AB. Moody's
has also assigned a B2 rating on the SEK9.6 billion (equivalent)
senior secured term loan facilities due in 2024, as well as the
SEK1.0 billion senior secured revolving credit facility due in
2023, both are borrowed at the subsidiary IGT Holding IV AB. The
outlook on both entities is negative.
RATINGS RATIONALE
The B2 CFR reflects at first instance the company's high leverage
following the increase of the term loan primarily to finance
shareholder distributions as well as the delayed increase tranche
for a potential acquisition. Moody's adjusted debt/EBITDA increases
to nearly 7x at the end of 2019 from 5.5x for the last twelve month
ended in July. The company's free cash flow in 2019 may also be
curtailed by working capital outflows as consumers switch to a
subscription model from the current perpetual licenses for the
company's software suite. Additionally Moody's sees some risk for
the company to achieve its ambitious growth targets.
IFS' grew strongly since 2018 when the new strategy has been
implemented and following the acquisition of Workwave in November
2017. The company was able to grow above the market rate while
increasing Moody's adjusted EBITDA-margin to 24.4% in the last
twelve month ending in July 2019 from 20.8% in 2018 pro forma,
driven by a focus on larger deals and higher product penetration at
the existing customer base. Moody's expects adjusted debt/EBITDA to
fall to below 6x in 2020, which would be in line with its guidance
for the current rating, and assuming continued license sales
growth, successful implementation of cost optimisations and the
focus on larger customers as well as continued free cash flow
generation.
The weakly positioned B2 rating furthermore reflects (i) the
company's relatively small size as a specialised operational
enterprise application software provider with a focus on defined
end markets, (ii) the related challenge to compete with both larger
and more integrated enterprise software providers such as SAP in
some sectors, particularly for large global customers, as well as
with other specialised players, (iii) the execution risk of the new
strategy with related push to cloud and subscriptions which may
result in increasing customer churn. However, the rating also
continues to reflect the company's solid track record with both
relatively steady organic license sales growth over the last three
years complemented by growth from acquisitions.
It also reflects (i) the established strong market positions in
defined end markets, (ii) the very high renewal rates and strong
degree of recurring revenues, (iii) the company's ability to
provide more tailored solutions as a specialised provider, and (iv)
the opportunities for margin expansion and possibly more sales
channels provided by the development of its partner network,
increased share of outsourced consulting work as well as the
actions in progress to standardise and centralise maintenance and
consulting work.
The B2 instrument ratings are in line with the CFR, reflecting the
pari passu capital structure, and given that the rated facilities
represent essentially the entire debt capital structure at IGT
Holding III AB (excluding the PIK facility above the rated group of
companies). Guarantors for the rated facilities represent at least
75% of EBITDA and security comprises shares, bank accounts,
intercompany receivables, and where possible, a general and
floating charge over other assets.
Moody's views the company's liquidity profile as good. As of July
2019 the company had SEK 434 million of cash on the balance sheet,
and access to the committed SEK850 million revolving credit
facility due 2023 which will be upsized to SEK 1,000 million. It is
currently drawn by SEK132 million but will be repaid with the
proceeds from the increased term loan tranche. Moody's expects the
company to remain free cash flow positive on an annual basis before
the envisaged shareholder distribution. There is also a springing
net leverage covenant for the revolving credit facility, tested
quarterly, if the revolving credit facility is drawn more than 40%;
Moody's expects the company to maintain sufficient headroom.
RATING OUTLOOK
The negative outlook reflects the increased leverage expected
following the proposed debt-funded shareholder distribution, as
well as the planned acquisition tranche, which will increase
leverage to a level that is high for the current B2 rating, and
execution risks related to the ambitious growth plan which might
defer the expected deleveraging.
FACTORS THAT CAN CHANGE THE RATINGS UP/DOWN
The rating is weakly positioned and reliant on visible deleveraging
in 2019 and 2020. The outlook could be stabilized in the next
twelve months if the company is able to sustainably reduce leverage
below 6.0x and generate free cash flow/debt around of at least
5,0%.
While unlikely at this time, positive pressure could arise if
Moody's-adjusted debt/EBITDA reaches 4.5x and free cash flow (after
cash interest)/debt approaches 10% while maintaining a good
liquidity profile. Conversely, negative pressure could arise if
Moody's-adjusted debt/EBITDA does not fall below 6.0x within 12-18
months, free cash flow (after cash interest)/debt falls to low
single-digits or liquidity weakens. Any further debt-funded
acquisitions could also pressure the rating.
Moody's takes into account the impact of environmental, social and
governance (ESG) factors when assessing companies' credit quality.
In the case of IFS, the main ESG-related drivers is financial
policy considerations as an element of governance considerations.
IFS has followed quite an aggressive financial policy in the past,
evidenced by a high leverage following the largely debt-funded
acquisition of Workwave in 2017 as well as the currently proposed
shareholder distribution.
PRINCIPAL METHODOLOHY
The principal methodology used in these ratings was Software
Industry published in August 2018.
COMPANY PROFILE
IGT Holding III AB is an enterprise software provider with a focus
on five distinct industry verticals, where the company provides
enterprise resource planning, enterprise asset management and field
service management solutions. The verticals are manufacturing,
aerospace & defense, energy & utilities, service companies and
construction. EQT acquired a controlling stake in the company in
2015 followed by a full delisting and take-private in 2016. IFS has
acquired Workwave and Mxi in 2017, which complemented the service
offering and brought roughly SEK 800 million in revenues.
===========================
U N I T E D K I N G D O M
===========================
ARQIVA BROADCAST: Moody's Reviews Ba3 CFR for Upgrade
-----------------------------------------------------
Moody's Investors Service placed on review for upgrade the Ba3
corporate family rating of Arqiva Broadcast Parent Limited as well
as the senior secured B2 debt rating of its finance subsidiary
Arqiva Broadcast Finance Plc.
The rating action follows Arqiva's announcement, on October 8,
2019, that it has agreed to sell its telecom tower activities to
Cellnex Telecom, S.A., an infrastructure operator for wireless
telecommunication in Europe, for a consideration of GBP2.0 billion,
and will use "the majority of the sale proceeds to pay down debt in
Arqiva's capital structure, securing the long-term sustainability
and financial security of the UK's broadcast infrastructure."
RATINGS RATIONALE
The rating action reflects Arqiva's intention to use a large
portion of the GBP2.0 billion proceeds from the planned sale of its
telecom tower activities to deleverage the group, which will likely
significantly improve its financial risk profile. However, the
extent of the deleveraging will only be known once the company has
concluded a liability management exercise with its existing
lenders.
Moody's expects the debt reduction to apply to the priority senior
debt within the wider group structure. Of the GBP2.9 billion of
Arqiva group debt reported FYE June 30, 2019, around GBP2.3 billion
is priority debt located within a highly covenanted financing
framework around the operating companies, and creditors of this
financing structure will have to approve of the sale in accordance
with the debt documentation.
As part of the announced sale, once approved, Arqiva would transfer
to Cellnex approximately 7,400 of its mobile communications sites,
including masts, towers and urban rooftop sites, as well as the
right to market a further ca. 900 sites across the UK.
The Arqiva group would retain its terrestrial broadcast
infrastructure business and end-to-end network solutions for TV and
radio customers as well as other data network providers, with
around 1,500 broadcast transmission sites in the UK. The group
would also retain its interests in machine-to-machine data services
which provide secure smart meter communications networks for the
utilities sector.
From a business risk perspective, the announced sale of the telecom
tower activities will result in the company retaining assets with
more stable and predictable cash flow generating capacity under a
longer average contract life than the telecom towers business.
However, the sale will also reduce diversification as well as
remove a segment that has underpinned some of the group's
historically achieved EBITDA growth. While technological changes
that may challenge the role of terrestrial television appear some
way off and -- for the time being -- are mitigated by contracts
with public service broadcasters into the 2030s, Moody's believes
that the loss of diversification does offset some of the benefit of
the broadcast towers cash flow predictability. Nevertheless, the
shorter maturity of the GBP625 million 6.75% notes due 2023, issued
by Arqiva Broadcast Finance Plc, benefits more from nearer term
contractual certainty than the longer term priority debt which is
not rated by Moody's.
Overall, Arqiva's business risk profile remains underpinned by (1)
the monopoly position of the group as the sole provider of
broadcast tower infrastructure in the UK; (2) the stable and
predictable cash flows from its terrestrial broadcasting TV and
radio services provided under long-term contracts, which is the
largest contributor to EBITDA; and (3) its ability to use the
group's infrastructure for new growth opportunities, such as smart
metering communication services. However, Arqiva's credit profile
also reflects the higher competitive pressures and lower margins of
its satellite operations, although this business segment
contributes only between 5-7% of consolidated EBITDA.
Despite the relatively strong business model, the overall credit
quality of Arqiva is currently constrained by the still high
financial leverage of the consolidated group, which limits its
financial flexibility to manage unforeseen adverse events.
As part of the rating review, the rating agency will, therefore,
assess the leverage reduction achieved after final agreement with
the creditors in the context of the various financial covenants
within the group's debt structure. Assuming that the existing
restricted payment covenant in the GBP625 million notes remains at
6.5x (net debt/EBITDA) following the sale and proposed de-gearing
exercise, this would be the level at which creditors remain
protected from excessive cash calls, including in relation to
subordinated shareholder loans higher up in the group structure.
While any de-leveraging would likely leave significant headroom
against the covenant, and thus reduce its protective value for
holding company creditors, Moody's would also expect the priority
debt financing to maintain headroom under its own distribution lock
up tests, which in turn would be ensuring cash distributions into
Arqiva Broadcast Parent Limited.
More generally, the credit assessment of the GBP625 million notes
recognises that creditors' claims are deeply subordinated to claims
of priority creditors at the operating group level. This
subordination may result in very high loss severity in the event of
default, particularly in circumstances where any or all of the
financings with higher priority ranking have also defaulted. In
addition, the occurrence of a trigger event or distribution lock-up
at the priority debt level would deprive the Arqiva Broadcast
Finance Plc of the cash flows on which it relies to service the
notes.
RATING OUTLOOK
The ratings are currently on review for upgrade pending the
conclusion of the sale of the tower activities and associated
deleveraging exercise. Moody's will endeavor to conclude the review
as soon as reasonably practicable subject to more detailed
information around the magnitude of the debt reduction becoming
available.
WHAT COULD CHANGE THE RATING
Prior to the rating review, Moody's considered upward rating
pressure, if the Arqiva group were to deleverage to an extent such
that Moody's adjusted consolidated net debt/EBITDA ratio would fall
below 5.5x on a sustainable basis, with a significant headroom
against distribution lock up levels at the ring-fenced senior
secured debt level, coupled with the maintenance of solid operating
performance and a prudent financial policy in terms of shareholder
distributions. The rating agency will re-assess the guidance once
the details of the final capital structure following the sale
become known.
Given the proposed deleveraging underpinning the review for
upgrade, Moody's does not currently envisage downward rating
pressure.
The principal methodology used in these ratings was Communications
Infrastructure Industry published in September 2017.
LIST OF AFFECTED RATINGS
Placed on Review for Upgrade:
Issuer: Arqiva Broadcast Finance Plc
Senior Secured Regular Bond/Debenture, currently B2
Issuer: Arqiva Broadcast Parent Limited
Probability of Default Rating, currently Ba3-PD
LT Corporate Family Rating, currently Ba3
Outlook Actions:
Issuer: Arqiva Broadcast Finance Plc
Outlook, Changed To Rating Under Review From Stable
Issuer: Arqiva Broadcast Parent Limited
Outlook, Changed To Rating Under Review From Stable
The group under Arqiva Broadcast Parent Limited owns and operates a
portfolio of communications infrastructure assets and provides (1)
television and radio transmission services; (2) site sharing to
mobile network operators; (3) smart metering and M2M communications
services for gas, electricity and water utilities in different
parts of the UK; (4) media services and radio communications in the
UK; and (5) satellite services in the UK, Continental Europe and
the US. The group delivered consolidated revenue of around GBP990
million and EBITDA (after exceptional items) of GBP522 million on a
consolidated basis for the year ending June 30, 2019.
Arqiva is wholly owned by Arqiva Group Limited, which is itself
owned by a consortium of five shareholder groups, the two largest
being Canada Pension Plan Investment Board with a 48% holding and
Macquarie European Infrastructure Fund 2 with 25%. Various other
Macquarie-managed funds account for approximately 1.5%, Industry
Funds Management holds around 14.8%, Health Super Investments Pty
Ltd holds around 5.4% and Motor Trades Association of Australia
holds around 5.2%.
FOUR SEASONS: Discussions with Landlords Over Rent Issues Ongoing
-----------------------------------------------------------------
Gill Plimmer at The Financial Times reports that Four Seasons,
Britain's second-biggest care home operator, is preparing to hand
back the keys to dozens of care homes, raising fears for the future
of thousands of vulnerable elderly residents and employees.
Four Seasons, which runs 320 homes with more than 17,000 beds, has
been in discussions with landlords after it stopped paying rent
without warning a fortnight ago, the FT relates.
According to the FT, two sources close to the landlords say
negotiations are continuing, but landlords say they have been asked
to agree steep rent cuts and in some cases have been told they may
not receive rent on some properties again.
On Friday, Oct. 11, Four Seasons confirmed that the US hedge fund
H/2, which holds most of its GBP735 million debt, had bought the
185 freehold properties for GBP350 million after a sales process
failed to find an alternative buyer, the FT discloses.
But the future of the 135 leasehold homes -- many of which are in
poor condition, require significant capital investment and house
mainly local authority residents — remains unclear, the FT
states.
Landlords are assessing their options - including agreeing a deal
with Four Seasons, finding fresh management or running the homes
themselves, the FT relays. Around one quarter of the leased homes,
involving around 2,000 staff, are most immediately at risk of
closure under this process, according to two sources close to the
process, the FT says.
According to the FT, Four Seasons, which has 23,000 staff, said it
was meeting with landlords and hoped that it would be "able to put
the group into a more sustainable financial position for the long
term."
Four Seasons argues that the high rents of around GBP50 million a
year have been crippling the business, the FT relays. Under the
terms of the lease agreements it was forced to pay rents even on
homes that have closed, according to the FT. High staff turnover
and a reliance on agency fees have also pushed up costs, the FT
notes.
FUNDING CIRCLE: Seeks to Calm Investors Amid Withdrawal Problems
----------------------------------------------------------------
Nicholas Megaw at The Financial Times reports that British
peer-to-peer lender Funding Circle sought to calm its tens of
thousands of retail investors on Oct. 11 amid mounting concerns
from users who have been unable to withdraw funds from the
platform.
In a message sent to investors and seen by the FT, the company
stressed that it was "a robust, well-capitalized business", and
said "we want to give you some reassurance that we are focused" on
the recent problems.
Funding Circle connects institutional and retail investors with
small businesses that need loans. It allows investors to withdraw
funds before their loans mature by selling the loan parts on to
other investors, but a lack of demand has led to a sharp rise in
the time it takes to complete sales, the FT discloses.
According to the FT, the average time taken to sell loan parts has
increased from a few days to more than four months since the start
of the year and the company warned that customers who joined the
queue now were likely to face even longer waits.
The company, as cited by the FT, said on Oct. 11 it "regularly"
spoke to the Financial Conduct Authority, and would "always engage
with the appropriate regulatory bodies" when making changes to its
platform.
The FCA is seeking to improve standards in the peer-to-peer sector
after finding that many investors did not understand the risks
involved in funding loans, the FT relates. It has specifically
warned in the past that businesses should ensure investors
understand "the risk that the lender may be unable to exit a P2P
agreement before maturity even where the platform operates a
secondary market", the FT notes.
The liquidity issues in Funding Circle's secondary market come as
the company grapples with a weaker environment for new loans, the
FT discloses.
KNIGHTON HOTEL: Auction Scheduled for Oct. 23 Following Collapse
----------------------------------------------------------------
Owen Hughes at BusinessLive reports that The Knighton Hotel on
Broad Street in Knighton, a Grade II-listed hotel that collapsed
into administration last year, is now set for auction.
The Knighton Hotel on Broad Street in Knighton, had been owned by
mansion developers Paul and Rowena Williams, BusinessLive
discloses. They sold the hotel in the spring of 2018 to Keith
Harvey Partridge's Coast2Coast brand to help fund the redevelopment
of Plas Glynllifon mansion house near Caernarfon in North Wales,
BusinessLive relates.
But the hotel immediately closed and went into administration in
November of that year, BusinessLive recounts.
According to BusinessLive, the Knighton Hotel -- built in 1867 --
will go under the hammer with a guide price of GBP310,000 at an
auction at Villa Park on Wednesday, Oct. 23.
LATIMER TREND: Enters Administration After Creditors Reject CVA
---------------------------------------------------------------
Jo Francis at Printweek reports that long-established book and
journal printer Latimer Trend is going into administration after
creditors rejected plans for a CVA, with the firm blaming Brexit
and a dramatic drop-off in work over the summer for its
predicament.
Speculation about Latimer Trend's financial position had been
mounting for some time, and the firm was understood to have
proposed a CVA deal, but this was rejected by creditors according
to sources close to the business, Printweek relates.
According to Printweek, managing director Paul Opie, in an email to
customers on Oct. 10, said: "I would like to thank the incredible
support of our customers, staff and the industry who with a little
exception allowed this great millennial company to find a solution
to the eventual insurmountable damage caused by the effects of
Brexit and the sudden unexpected significant short term drop in
sales during May, June and July 2019.
"It is with tremendous sadness that the company faces
administration and will no longer be able to continue to provide
for its loyal employees or meet its obligations to its customers or
suppliers."
In the firm's accounts for the year ending April 30, 2018, auditors
from PKF Francis Clark gave a qualified opinion on the accounts,
noting that they were unable to say whether GBP3.45 million due
from group undertakings was fully recoverable, Printweek
discloses.
"If the balance was to be impaired at April 30, 2018, the balance
sheet position would reflect net liabilities of GBP445,687", the
auditor stated, rather than net assets of just of just over GBP3
million, Printweek relays.
Turnover at the company increased from GBP9.73 million to GBP10.1
million, but operating profits more than halved, slumping by nearly
70% from GBP775,363 to GBP239,595, according to Printweek.
The accounts of holding company Latimer Trend Holdings also contain
a note about there being a "material uncertainty" about the firm's
ability to continue to trade, with the group stating that it was
"anticipating pressure on future cashflows", Printweek states.
The 130-year-old Plymouth printing company was established in 1889.
Its product range included high-pagination books, brochures,
magazines, directories and calendars. It worked for publishers,
education providers, high-end design agencies and well-known brands
and employed 85 staff.
PIZZA EXPRESS: Restaurants at Risk of Closure, CVA Among Options
----------------------------------------------------------------
Oliver Gill at The Telegraph reports that Pizza Express could be
forced to close up to two in five of its restaurants -- putting
thousands of jobs at risk and delivering what would be a hammer
blow to Britain's embattled casual dining sector.
The Telegraph understands that lenders fear around 40% of the 470
Pizza Express outlets in the UK are loss-making. According to The
Telegraph, one source said that an option under consideration by
bondholders is to enter into company voluntary arrangement (CVA) to
close stores that are in the red.
Any such plan could put more than 150 restaurants and an estimated
3,300 jobs at threat, The Telegraph states.
Pizza Express employs 14,000 people globally across 620
restaurants, The Telegraph discloses. Like many others in the
casual dining sector, it has faced falling sales, The Telegraph
notes.
SIRIUS MINERALS: Reaches Supply, Distribution Deal with Muntajat
----------------------------------------------------------------
Emiko Terazono and Neil Hume at The Financial Times report that
Sirius Minerals shares, which were hit last month after the UK
potash miner pulled a US$500 million bond sale, announced a supply
and distribution agreement with a fertilizer company owned by the
Qatar state.
The 2m tonne-a-year agreement with Muntajat, which brings the
miner's total offtake contracts to just under 14m tonnes, comes as
the company has been working on a strategic review in order to keep
a US$5 billion potash project in Yorkshire alive, the FT notes.
According to the FT, Sirius is planning a financing update for the
end of the month. The aborted junk bond was required to unlock a
US$2.5 billion financing package for the mine, and analysts said
that it needed a strategic partner to take a stake, the FT states.
As reported by the Troubled Company Reporter-Europe on Sept. 19,
2019, The Financial Times related that 1,200 jobs could be lost if
Sirius Minerals fails to secure financing for the US$5 billion
potash mine it is developing in one of the UK's most economically
deprived areas, according to the company's chief executive Chris
Fraser. Shares in the London-listed miner crashed by more than 50%
on Sept. 17 after it decided to cancel a US$500 million bond issue,
which was required to unlock a US$2.5 billion financing package for
the Woodsmith mine on the North York Moors, the disclosed.
According to the FT, the company now has six months to put in place
fresh funding, otherwise it will run out of money and work on the
project, which includes an export facility on Teesside, will come
to a halt.
Sirius Minerals plc is a fertilizer development company based in
the United Kingdom.
TOGETHER ASSET 2019-1: Moody's Rates GBP5MM Cl. E Notes 'Ba2'
-------------------------------------------------------------
Moody's Investors Service assigned definitive long-term credit
ratings to Notes issued by Together Asset Backed Securitisation
2019-1 plc:
GBP262.3M Class A Mortgage Backed Floating Rate Notes due July
2061, Definitive Rating Assigned Aaa (sf)
GBP14.9M Class B Mortgage Backed Floating Rate Notes due July 2061,
Definitive Rating Assigned Aa1 (sf)
GBP13.3M Class C Mortgage Backed Floating Rate Notes due July 2061,
Definitive Rating Assigned A1 (sf)
GBP19.9M Class D Mortgage Backed Floating Rate Notes due July 2061,
Definitive Rating Assigned Baa3 (sf)
GBP5.0M Class E Mortgage Backed Floating Rate Notes due July 2061,
Definitive Rating Assigned Ba2 (sf)
Moody's has not assigned ratings to the GBP 8.2M Class R Fixed Rate
Notes due July 2061, the GBP 16.6M Class Z Mortgage Backed Fixed
Rate Notes due July 2061 and the Residual Certificates.
The portfolio backing this transaction consists of first lien and
second lien UK non-conforming residential loans originated by
Together Personal Finance Limited (not rated) and Together
Commercial Finance Limited (not rated).
On the closing date TPFL and TCFL will sell the portfolio to
Together Asset Backed Securitisation 2019-1 plc.
RATINGS RATIONALE
The ratings take into account the credit quality of the underlying
mortgage loan pool, from which Moody's determined the MILAN Credit
Enhancement (CE) and the portfolio expected loss, as well as the
transaction structure and legal considerations. The expected
portfolio loss of 7.0% and the MILAN CE of 24.0% serve as input
parameters for Moody's cash flow model, which is based on a
probabilistic lognormal distribution.
The portfolio expected loss of 7.0%: this is in line with other
recent UK non-conforming securitisations and is based on Moody's
assessment of the lifetime loss expectation taking into account:
(i) 26.9% of the pool consists of second lien mortgages; (ii) 38.8%
of the loans in the pool are secured by non-owner occupied
properties; (iii) 54.7% of the loans are interest-only mortgages;
(iv) the current macroeconomic environment and its view of the
future macroeconomic environment in the UK, and (v) benchmarking
with similar transactions in the UK non-conforming sector.
The MILAN CE for this pool is 24.0%: this is in line with other
recent UK non-conforming transactions and follows Moody's
assessment of the loan-by-loan information taking into account the
historical performance and the following key drivers: (i) the
relatively low weighted-average current LTV of 57.2%, (ii) the
presence of 63.2% loans where the borrower is self-employed, (iii)
borrowers with bad credit history with 10.1% of the pool containing
borrowers with CCJ's; (iv) the presence of 54.7% of interest-only
loans in the pool and (v) the low weighted-average seasoning of the
pool of 0.5 years.
At closing the mortgage pool balance consists of GBP 332.0 million
of loans. A non-amortizing Reserve Fund is funded to 2.5% of the
initial balance of the rated Notes via the proceeds of Class R
Notes. The General Reserve Fund will be split into two components,
a credit component and a liquidity component. The latter will form
the amortizing Liquidity Reserve Fund, equal to 1.5% of the
principal outstanding of Class A Notes and will be floored at 1.0%.
Any release amount from the Liquidity Reserve Fund will form part
of the credit component of the General Reserve Fund. The Liquidity
Reserve Fund will stop amortizing if cumulative defaults are higher
than 5.0% or if the Notes are not called on the step-up date, the
IPD falling in September 2023. The credit component of the General
Reserve Fund will be used to cover shortfalls on PDLs and also
interest shortfalls and other senior fees. The liquidity component
of the Reserve Fund is replenished after interest on Class A Notes
while the General Reserve Fund will be replenished junior to the
PDL of Class E Notes.
Operational Risk Analysis: TPFL and TCFL are acting as servicers
and are not rated by Moody's. In order to mitigate the operational
risk, the transaction has a back-up servicer, Link Mortgage
Services Limited (not rated). CSC Capital Markets UK Limited (not
rated) will be acting as back-up cash manager facilitator and will
find a replacement cash manager in case the cash manager, Together
Financial Services Limited (not rated), stops performing its duties
under this role. To ensure payment continuity over the
transaction's lifetime the transaction documents incorporate
estimation language whereby the cash manager can use the most
recent servicer reports to determine the cash allocation in case no
servicer report is available. At closing Class A Notes benefit from
approximately 10 months of liquidity. Also, the most senior Notes
outstanding benefit from principal to pay interest mechanism.
Interest Rate Risk Analysis: At closing, 59.0% of the pool balance
is linked to SVR, the remaining portion of the pool pays a fixed
rate. The SVR-linked loans will not be swapped and there is the
risk of spread compression. 41.0% of the pool pays a fixed rate. To
mitigate the mismatch between the fixed-rate assets and the
variable-rate liabilities the Issuer will enter an interest rate
cap with strike 2.5%. Moody's took the interest rate risk into
account in its cash flow analysis.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
July 2019.
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 its
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
downgrade of the ratings. Deleveraging of the capital structure or
conversely a deterioration in the Notes available credit
enhancement could result in an upgrade or a downgrade of the
ratings, respectively.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week October 7 to October 11, 2019
------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Lecta SA 6.500 8/1/2023 EUR 40.125
Teva Pharmaceutical Fina 3.150 10/1/2026 USD 72.639
Thomas Cook Group PLC 6.250 6/15/2022 EUR 20.000
Valaris plc 5.750 10/1/2044 USD 49.159
Tereos Finance Groupe I 4.125 6/16/2023 EUR 75.131
Valaris plc 5.200 3/15/2025 USD 61.895
Valaris plc 4.500 10/1/2024 USD 62.423
Valaris plc 8.000 1/31/2024 USD 70.834
Teva Pharmaceutical Fina 1.625 10/15/2028 EUR 68.470
Teva Pharmaceutical Fina 4.100 10/1/2046 USD 62.378
Banca Monte dei Paschi d 5.375 1/18/2028 EUR 65.312
Jain International Tradi 7.125 2/1/2022 USD 54.078
Thomas Cook Finance 2 PL 3.875 7/15/2023 EUR 18.763
Mallinckrodt Internation 4.750 4/15/2023 USD 51.703
Teva Pharmaceutical Fina 1.875 3/31/2027 EUR 72.703
Lecta SA 6.375 8/1/2022 EUR 39.978
Officine Maccaferri-SpA 5.750 6/1/2021 EUR 57.190
Casino Guichard Perracho 1.133 EUR 34.916
Rallye SA 4.000 4/2/2021 EUR 21.000
Teva Pharmaceutical Fina 1.000 7/28/2025 CHF 74.129
Mallinckrodt Internation 5.750 8/1/2022 USD 66.135
Pizzaexpress Financing 1 8.625 8/1/2022 GBP 29.550
Casino Guichard Perracho 3.992 EUR 57.361
Nostrum Oil & Gas Financ 8.000 7/25/2022 USD 56.838
Senvion Holding GmbH 3.875 10/25/2022 EUR 28.473
Aldesa Financial Service 7.250 4/1/2021 EUR 53.699
HSBC Bank PLC 2.500 USD 72.206
Astaldi SpA 7.125 12/1/2020 EUR 22.925
Mallinckrodt Internation 5.625 10/15/2023 USD 57.088
La Financiere Atalian SA 4.000 5/15/2024 EUR 65.857
Galapagos Holding SA 7.000 6/15/2022 EUR 7.569
Mallinckrodt Internation 5.500 4/15/2025 USD 54.152
HOCHDORF Holding AG 2.500 CHF 38.465
Aegon NV 2.139 USD 63.592
Vallourec SA 2.250 9/30/2024 EUR 71.704
HSBC Bank PLC 2.938 USD 72.129
Sudzucker International 2.757 EUR 73.224
Banque Federative du Cre 0.368 EUR 60.487
VIEO BV 6.750 9/7/2020 EUR 42.520
Boparan Finance PLC 4.375 7/15/2021 EUR 50.052
KCA Deutag UK Finance PL 9.625 4/1/2023 USD 66.756
Air France-KLM 0.125 3/25/2026 EUR 18.446
Kirk Beauty One GmbH 8.750 7/15/2023 EUR 64.417
Cooperativa Muratori & C 6.000 2/15/2023 EUR 3.630
Rallye SA 4.371 1/23/2023 EUR 20.000
Offshore Drilling Holdin 8.375 9/20/2020 USD 29.415
Paragon GmbH & Co KGaA 4.500 7/5/2022 EUR 68.232
ING Groep NV 0.350 EUR 67.758
Ageasfinlux SA 0.966 EUR 46.364
AXA SA 0.565 EUR 69.370
Nostrum Oil & Gas Financ 7.000 2/16/2025 USD 57.044
AXA SA 0.548 EUR 62.484
AXA SA 1.807 USD 68.863
Moby SpA 7.750 2/15/2023 EUR 29.148
Intralot Capital Luxembo 6.750 9/15/2021 EUR 70.345
Steinhoff Europe AG 1.875 1/24/2025 EUR 73.214
BNP Paribas Fortis SA 1.680 EUR 68.857
Vallourec SA 4.125 10/4/2022 EUR 5.322
Cooperativa Muratori & C 6.875 8/1/2022 EUR 3.500
Rothschild & Co Continua 0.210 EUR 68.447
Rallye SA 4.000 11/23/2020 CHF 20.515
KCA Deutag UK Finance PL 7.250 5/15/2021 USD 65.234
Distribuidora Internacio 0.875 4/6/2023 EUR 53.371
Boparan Finance PLC 5.500 7/15/2021 GBP 49.022
Mitsubishi UFJ Investor 4.088 12/15/2050 EUR 55.189
O1 Properties Finance PL 8.250 9/27/2021 USD 69.000
Obrascon Huarte Lain SA 4.750 3/15/2022 EUR 69.373
Intralot Capital Luxembo 5.250 9/15/2024 EUR 50.732
AXA SA 0.430 EUR 69.368
Greenyard Fresh NV 3.750 12/22/2021 EUR 55.297
Rallye SA 3.250 2/8/2024 CHF 20.500
KCA Deutag UK Finance PL 9.875 4/1/2022 USD 65.917
EA Partners I BV 6.875 9/28/2020 USD 40.809
Steinhoff Finance Holdin 1.250 10/21/2023 EUR 45.496
La Financiere Atalian SA 5.125 5/15/2025 EUR 65.931
Korian SA 2.500 EUR 46.207
Rothschild & Co Continua 2.938 USD 55.614
Fuerstenberg Capital II 5.625 EUR 66.309
Abengoa Abenewco 2 Bis S 1.500 4/26/2024 EUR
New Look Secured Issuer 6.500 7/1/2022 GBP 21.817
Caisse Federale du Credi 0.590 EUR 62.403
Debenhams PLC 5.250 7/15/2021 GBP 40.042
AXA SA 2.330 USD 68.929
Neopost SA 3.375 EUR 56.178
Bourbon Corp 6.446 EUR 2.560
BNP Paribas SA 0.975 EUR 55.000
Jyske Bank A/S 0.266 EUR 73.000
EA Partners II BV 6.750 6/1/2021 USD 42.000
Fibabanka AS 7.750 11/24/2027 USD 74.649
HSBC Bank PLC 2.250 USD 72.034
Obrascon Huarte Lain SA 5.500 3/15/2023 EUR 69.224
Banco Espirito Santo SA 4.000 1/21/2019 EUR 21.360
Societe Generale SA 2.625 USD 60.125
Astaldi SpA 4.875 6/21/2024 EUR 11.528
CNP Assurances 0.147 EUR 60.259
Constellation Oil Servic 9.500 11/9/2024 USD 43.974
FF Group Finance Luxembo 3.250 11/2/2021 CHF 8.561
Banco Santander SA 0.502 EUR 66.996
Privatbank CJSC Via UK S 10.250 1/23/2018 USD 30.218
FF Group Finance Luxembo 1.750 7/3/2019 EUR 3.538
Maisons du Monde SA 0.125 12/6/2023 EUR 44.938
HOCHDORF Holding AG 3.500 3/30/2020 CHF 15.510
BNP Paribas SA 2.726 USD 59.724
Fortenova Grupa dd 9.875 5/1/2019 EUR 20.218
Rallye SA 5.250 2/1/2022 EUR 15.809
Air Berlin PLC 8.250 4/19/2018 EUR 2.441
Genfit 3.500 10/16/2022 EUR 25.486
Credit Mutuel Arkea SA 0.216 EUR 60.670
DNB Bank ASA 2.837 USD 59.750
Jyske Bank A/S 0.735 EUR 73.300
Immigon Portfolioabbau A 6.059 EUR 15.702
Credit Agricole SA 0.711 EUR 69.255
Hema Bondco II BV 8.500 1/15/2023 EUR 70.987
ADLER Real Estate AG 2.500 7/19/2021 EUR 14.737
Bank Otkritie Financial 10.000 4/26/2019 USD 8.360
Grupo Isolux Corsan SA 6.000 12/30/2021 EUR 1.333
Banco Espirito Santo SA 2.625 5/8/2017 EUR 24.862
Pierre & Vacances SA 2.000 4/1/2023 EUR 52.678
Grupo Isolux Corsan SA 0.250 12/30/2021 EUR 0.103
Mallinckrodt Internation 5.750 8/1/2022 USD 64.553
Yuksel Insaat AS 9.500 11/10/2015 USD 1.999
NIBC Bank NV 2.627 USD 58.854
Credit Suisse AG 2.856 2/27/2030 USD 101.730
Air Berlin PLC 6.750 5/9/2019 EUR 2.268
Privatbank CJSC Via UK S 11.000 2/9/2021 USD 0.001
Rallye SA 3.400 1/31/2022 EUR 17.000
DNB Bank ASA 2.813 USD 60.086
Avangardco Investments P 10.000 10/29/2018 USD 8.250
Banco BPM SpA 1.544 EUR 71.731
Econocom Group SA/NV 0.500 3/6/2023 EUR 7.131
Constellation Oil Servic 6.250 11/9/2019 USD 3.226
Fuerstenberg Capital Ers 1.287 EUR 59.396
Bilt Paper BV 9.640 USD 1.009
KCA Deutag UK Finance PL 9.875 4/1/2022 USD 65.674
Top Gun Realisations 73 8.000 7/1/2023 GBP 1.304
Banco Espirito Santo SA 4.750 1/15/2018 EUR 25.456
Mitsubishi UFJ Investor 3.887 12/30/2099 EUR 4.864
Orient Express Bank PJSC 10.000 USD 41.267
Fortenova Grupa dd 8.875 2/1/2020 USD 18.740
EOS Imaging SA 6.000 5/31/2023 EUR 6.055
Scholz Holding Gmbh 8.500 12/31/2019 EUR 1.625
Transcapitalbank JSC Via 10.000 9/18/2020 USD 56.212
Rickmers Holding AG 8.875 6/11/2018 EUR 1.673
Lambay Capital Securitie 6.250 GBP 1.209
DNB Bank ASA 2.813 USD 59.824
Scandinavian Airlines Sy 0.625 CHF 33.029
House of Fraser Funding 6.512 9/15/2020 GBP 2.687
Virgolino de Oliveira Fi 11.750 2/9/2022 USD 3.125
Nexity SA 0.125 1/1/2023 EUR 65.936
OGX Austria GmbH 8.375 4/1/2022 USD 0.001
Odea Bank AS 7.625 8/1/2027 USD 70.559
syncreon Group BV / sync 8.625 11/1/2021 USD 6.703
Nexity SA 0.250 3/2/2025 EUR 68.468
Espirito Santo Financial 6.875 10/21/2019 EUR 0.138
UkrLandFarming PLC 10.875 3/26/2018 USD 10.000
New Look Secured Issuer 4.500 7/1/2022 EUR 24.589
Virgolino de Oliveira Fi 10.500 1/28/2018 USD 3.166
BL Superstores Finance P 5.578 10/4/2025 GBP 99.331
Lecta SA 6.500 8/1/2023 EUR 40.000
New World Resources NV 8.000 4/7/2020 EUR 1.342
La Financiere Atalian SA 6.625 5/15/2025 GBP 65.535
Fortenova Grupa dd 9.125 2/1/2020 EUR 18.748
FIGEAC-AERO 1.125 10/18/2022 EUR 23.843
Banco Espirito Santo SA 7.125 11/28/2023 EUR 0.156
Aralco Finance SA 10.125 5/7/2020 USD 1.000
Allied Irish Banks PLC 12.500 6/25/2035 GBP 72.000
Dexia Credit Local SA 1.326 EUR 8.674
Mallinckrodt Internation 5.500 4/15/2025 USD 52.541
Rallye SA 1.000 10/2/2020 EUR 20.271
Afren PLC 6.625 12/9/2020 USD 0.045
GNB - Cia de Seguros de 3.180 EUR 72.846
Santhera Pharmaceuticals 5.000 2/17/2022 CHF 66.938
OP Corporate Bank plc 0.629 EUR 69.425
Tresu Investment Holding 5.000 9/29/2022 EUR 41.633
Hellenic Bank PCL 10.000 EUR 46.380
Banco Espirito Santo SA 2.238 EUR 0.076
Credit Suisse AG 2.499 8/28/2030 USD 73.550
Hamon & CIE SA 5.500 1/30/2020 EUR 46.750
Barclays Bank PLC 2.938 USD 70.000
KCA Deutag UK Finance PL 9.625 4/1/2023 USD 66.150
NTRP Via Interpipe Ltd 10.250 8/2/2017 USD 30.242
Union Fenosa Preferentes 1.307 EUR 72.000
Eramet 4.000 EUR 47.955
Air Berlin PLC 5.625 5/9/2019 CHF 2.683
NIBC Bank NV 0.552 EUR 58.833
Dexia SA 1.405 EUR 8.513
Cirio Holding Luxembourg 6.250 2/16/2004 EUR 1.248
Lehman Brothers UK Capit 3.875 EUR 7.461
Portugal Telecom Interna 6.250 7/26/2016 EUR 1.108
Stichting Afwikkeling On 11.250 EUR 1.336
Mallinckrodt Internation 5.625 10/15/2023 USD 55.394
Virgolino de Oliveira Fi 10.500 1/28/2018 USD 3.166
Alno AG 8.500 5/14/2018 EUR 6.395
HSBC France SA 0.545 EUR 56.300
OAS Investments GmbH 8.250 10/19/2019 USD 0.307
Norske Skog AS 11.750 12/15/2019 EUR 44.857
Thomas Cook Group PLC 6.250 6/15/2022 EUR 20.295
Kaupthing ehf 7.625 2/28/2015 USD 0.250
BBVA International Prefe 1.640 GBP 63.500
Cattles Ltd 8.125 7/5/2017 GBP 0.237
Banco Santander SA 0.623 EUR 65.980
CBo Territoria 3.750 7/1/2024 EUR 4.760
Alitalia-Societa Aerea I 5.250 7/30/2020 EUR 6.000
Lehman Brothers UK Capit 5.125 EUR 7.572
PNE AG 3.750 10/10/2019 EUR 3.400
OGX Austria GmbH 8.500 6/1/2018 USD 0.001
New World Resources NV 4.000 10/7/2020 EUR 0.469
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 1.281
Verimatrix SA 6.000 6/29/2022 EUR 3.753
KCA Deutag UK Finance PL 7.250 5/15/2021 USD 65.844
Credit Lyonnais SACA 0.680 EUR 55.000
Capital Raising GmbH 7.500 EUR 59.649
Abengoa Abenewco 2 Bis S 1.500 4/26/2024 USD 11.083
Touax SCA-SGTR-CITE-SGT- 6.000 7/10/2020 EUR 17.128
Hellenic Republic Govern 2.085 7/25/2057 EUR 53.394
Societe Generale SA 0.597 EUR 50.190
Offshore Drilling Holdin 8.375 9/20/2020 USD 32.127
OSX 3 Leasing BV 13.000 3/20/2015 USD 22.029
Stichting Afwikkeling On 6.250 10/26/2020 EUR 1.473
Lloyds Bank PLC 0.516 10/25/2033 USD 65.774
GEWA 5 to 1 GmbH & Co KG 6.500 3/24/2018 EUR 5.750
Mitchells & Butlers Fina 2.911 6/15/2036 GBP 72.333
Waste Italia SpA 10.500 11/15/2019 EUR 0.787
Claranova SADIR 5.000 7/1/2023 EUR 1.120
Russian Federal Bond - O 0.250 7/20/2044 RUB 19.340
Koninklijke Luchtvaart M 0.750 CHF 36.550
International Industrial 9.000 7/6/2011 EUR 0.320
Hellas Telecommunication 6.054 1/15/2015 USD 0.311
Zaklady Miesne Henryk Ka 6.970 3/29/2021 PLN 4.450
WPE International Cooper 10.375 9/30/2020 USD 5.277
German Pellets GmbH 7.250 7/9/2018 EUR 0.581
Afren PLC 10.250 4/8/2019 USD 0.011
Lloyds Bank PLC 0.516 4/25/2034 USD 72.776
Pizzaexpress Financing 1 8.625 8/1/2022 GBP 29.901
JZ Capital Partners Ltd 6.000 7/30/2021 GBP 10.100
KTG Agrar SE 7.125 6/6/2017 EUR 0.927
Barclays Bank PLC 2.438 USD 70.275
Nostrum Oil & Gas Financ 8.000 7/25/2022 USD 55.537
CBo Territoria 6.000 1/1/2020 EUR 3.730
Lecta SA 6.375 8/1/2022 EUR 40.640
Afren PLC 11.500 2/1/2016 USD 0.013
LBI ehf 6.100 8/25/2011 USD 7.539
Banco Pinto & Sotto Mayo 1.150 EUR 56.050
Deutsche Bank AG/London 0.410 10/31/2034 USD 72.875
Veneto Banca SpA 9.500 12/1/2025 EUR 0.484
CNP Assurances 2.000 EUR 71.000
Lloyds Bank PLC 1.048 2/26/2033 USD 66.670
Barclays Bank PLC 1.750 GBP 69.550
YA Holding AB 7.000 6/18/2022 SEK 61.789
Norske Skog Holding AS 8.000 2/24/2021 EUR 0.359
Del Monte Finance Luxemb 6.625 5/24/2006 EUR 3.229
Deutsche Bank AG/London 0.116 6/30/2034 USD 72.893
Hybrid Raising GmbH 6.625 EUR 59.149
KTG Agrar SE 7.250 10/15/2019 EUR 0.929
OGX Austria GmbH 8.500 6/1/2018 USD 0.001
Cooperatieve Rabobank UA 0.500 10/30/2043 MXN 16.352
Privatbank CJSC Via UK S 10.875 2/28/2018 USD 29.901
Banca Popolare di Vicenz 9.500 9/29/2025 EUR 0.100
BIM SAS 2.500 11/13/2020 EUR 22.435
EFG International AG 0.791 EUR 38.000
Windreich GmbH 6.500 7/15/2016 EUR 9.631
Lloyds Bank PLC 1.800 7/5/2033 USD 70.365
International Industrial 11.000 2/19/2013 USD 0.411
Lehman Brothers UK Capit 6.900 USD 2.685
Manchester Building Soci 6.750 GBP 13.316
Solstad Offshore ASA 5.050 9/24/2021 NOK 9.617
International Finance Fa 0.500 6/24/2024 ZAR 69.094
SSM Holding AB 8.000 5/9/2020 SEK 71.307
Espirito Santo Financial 9.750 12/19/2025 EUR 0.208
Constellation Oil Servic 9.500 11/9/2024 USD 43.887
Societe Generale SA 1.600 1/9/2020 GBP
Activa Resources AG 0.500 11/15/2021 EUR 17.000
SeniVita Sozial gGmbH 7.000 EUR 58.100
Banco Espirito Santo SA 6.875 7/15/2016 EUR 23.335
Saleza AS 9.000 7/12/2021 EUR 0.035
ESFIL-Espirito Santo Fin 5.250 6/12/2015 EUR 0.295
Barclays Bank PLC 0.788 6/17/2033 USD 73.719
Thomas Cook Finance 2 PL 3.875 7/15/2023 EUR 19.500
Espirito Santo Financial 3.125 12/2/2018 EUR 0.208
Decipher Production Ltd 12.500 9/27/2019 USD 1.500
Erotik-Abwicklungsgesell 7.750 7/9/2019 EUR 0.779
Praktiker AG 5.875 2/10/2016 EUR 0.089
Breeze Finance SA 6.708 4/19/2027 EUR 28.950
OGX Austria GmbH 8.375 4/1/2022 USD 0.001
Dolphin Drilling ASA 4.490 8/28/2019 NOK 5.431
Officine Maccaferri-SpA 5.750 6/1/2021 EUR 58.304
APP International Financ 11.750 10/1/2005 USD 1.015
Hellas Telecommunication 8.500 10/15/2013 EUR 0.663
Enertronica SpA 7.000 12/31/2022 EUR 60.600
Cirio Del Monte NV 7.750 3/14/2005 EUR 0.369
Banco Espirito Santo SA 2.418 EUR 1.539
Fuerstenberg Capital Dri 5.310 EUR 75.000
EuroChem Mineral & Chemi 7.850 7/19/2023 RUB 71.470
Societe Generale SA 19.760 5/21/2020 USD 68.700
Afren PLC 10.250 4/8/2019 USD 0.011
Senvion Holding GmbH 3.875 10/25/2022 EUR 28.473
Windreich GmbH 6.500 3/1/2015 EUR 9.631
Elli Investments Ltd 12.250 6/15/2020 GBP 54.125
Barclays Bank PLC 2.875 USD 70.725
Cooperatieve Rabobank UA 0.500 7/30/2043 MXN 16.557
Norske Skog Holding AS 8.000 2/24/2023 USD 0.199
Cirio Finance Luxembourg 7.500 11/3/2002 EUR 3.243
Mifa Mitteldeutsche Fahr 7.500 8/12/2018 EUR 2.320
Kaupthing ehf 5.750 10/4/2011 USD 0.250
KPNQwest NV 10.000 3/15/2012 EUR 0.782
SAG Solarstrom AG 7.500 7/10/2017 EUR 31.000
Alpine Holding GmbH 6.000 5/22/2017 EUR 0.474
Corporate Commercial Ban 8.250 8/8/2014 USD 1.271
Vseukrainsky Aktsinerny 10.900 6/14/2019 USD 1.056
KPNQwest NV 8.875 2/1/2008 EUR 0.788
Cooperatieve Rabobank UA 0.500 2/26/2029 HUF 71.770
Aldesa Financial Service 7.250 4/1/2021 EUR 53.572
Zurcher Kantonalbank Fin 11.880 12/5/2019 USD 54.230
Solship Invest 1 AS 5.000 12/8/2024 NOK 10.543
Mox Telecom AG 7.250 11/2/2017 EUR 1.716
Societe Generale SA 13.200 4/29/2020 USD 40.875
Dogus Holding AS 24.425 7/26/2021 TRY 70.000
Manchester Building Soci 8.000 GBP 8.934
PA Resources AB 13.500 3/3/2016 SEK 0.124
Pescanova SA 8.750 2/17/2019 EUR 0.496
Galapagos Holding SA 7.000 6/15/2022 EUR 7.569
Rosneft Oil Co PJSC 7.950 7/2/2029 RUB 62.630
GE Capital UK Funding Un 2.284 3/5/2038 GBP 71.411
Banca Popolare di Vicenz 2.821 12/20/2017 EUR 0.046
Norske Skogindustrier AS 7.000 12/30/2026 EUR 0.063
Nostrum Oil & Gas Financ 7.000 2/16/2025 USD 57.653
Barclays Bank PLC 10.000 5/28/2020 USD 68.628
A-TEC Industries AG 8.750 10/27/2014 EUR 0.141
Alno AG 8.000 3/21/2019 EUR 4.010
Bank Nadra Via NDR Finan 8.250 7/31/2018 USD 0.663
Chr Bygga Bostader Holdi 9.000 7/5/2021 SEK 50.000
Kommunekredit 0.500 7/30/2027 TRY 32.675
CRC Breeze Finance SA 6.110 5/8/2026 EUR 45.125
German Pellets GmbH 7.250 11/27/2019 EUR 0.638
Societe Centrale des Boi 2.500 5/15/2023 EUR 6.910
Finmek International SA 7.000 12/3/2004 EUR 2.193
MS Deutschland Beteiligu 6.875 12/18/2017 EUR 2.000
Steilmann SE 7.000 3/9/2017 EUR 1.429
Lehman Brothers UK Capit 5.750 EUR 1.483
Frey 6.000 11/15/2022 EUR 25.500
Barclays Bank PLC 0.056 5/30/2034 USD 65.552
Astaldi SpA 7.125 12/1/2020 EUR 22.925
Norske Skogindustrier AS 2.000 12/30/2115 EUR 0.001
New World Resources NV 8.000 4/7/2020 EUR 1.342
Sequa Petroleum NV 5.000 4/29/2020 USD 69.472
Banco Espirito Santo SA 6.900 6/28/2024 EUR 24.765
Havila Shipping ASA 6.020 11/7/2020 NOK 60.000
KPNQwest NV 8.125 6/1/2009 USD 0.782
Intralot Capital Luxembo 6.750 9/15/2021 EUR 70.902
Irish Bank Resolution Co 5.454 6/13/2017 HKD 45.254
New Look Secured Issuer 6.500 7/1/2022 GBP 21.817
Deutsche ETP GmbH & Co I 3.000 11/30/2028 EUR 44.950
Boparan Finance PLC 5.500 7/15/2021 GBP 49.468
Lloyds Bank PLC 1.926 7/26/2033 USD 68.404
Tonon Luxembourg SA 9.250 1/24/2020 USD 1.843
Vneshprombank Ltd Via VP 9.000 11/14/2016 USD 0.001
Depfa Funding II LP 6.500 EUR 59.380
BOA Offshore AS 0.409 7/17/2047 NOK 9.127
BNP Paribas SA 13.000 8/24/2027 USD 73.300
Rena GmbH 7.000 12/15/2015 EUR 2.096
Rena GmbH 8.250 7/11/2018 EUR 2.096
Intralot Capital Luxembo 5.250 9/15/2024 EUR 51.018
Portigon AG 7.460 12/31/2019 EUR 28.000
Bank Julius Baer & Co Lt 8.450 8/28/2019 CHF 60.100
Agrokor dd Via Aquarius 4.921 8/8/2017 EUR 14.412
Mriya Agro Holding PLC 10.950 3/30/2016 USD 3.011
SAG Solarstrom AG 6.250 12/14/2015 EUR 31.000
Sairgroup Finance BV 4.375 6/8/2006 EUR 9.625
Hema Bondco II BV 8.500 1/15/2023 EUR 71.127
Bulgaria Steel Finance B 12.000 5/4/2013 EUR 0.216
Espirito Santo Financial 5.050 11/15/2025 EUR 0.771
Societe Generale SA 13.000 4/16/2020 USD 52.070
Mriya Agro Holding PLC 9.450 4/19/2018 USD 3.010
Idea Bank SA 5.090 8/14/2020 PLN 59.000
Kirk Beauty One GmbH 8.750 7/15/2023 EUR 64.753
A-TEC Industries AG 2.750 5/10/2014 EUR 0.141
Banca del Monte di Lucca 2.387 6/29/2020 EUR 58.722
TransFin-M PAO 10.250 11/3/2027 RUB 101.000
Podkarpacki Bank Spoldzi 5.090 5/28/2023 PLN 32.220
Finans-Avia OOO 10.000 7/31/2022 RUB 7.380
Boparan Finance PLC 4.375 7/15/2021 EUR 50.260
Portugal Telecom Interna 5.242 11/6/2017 EUR 1.349
Steilmann SE 6.750 6/27/2017 EUR 2.184
Alpine Holding GmbH 5.250 7/1/2015 EUR 0.446
mybet Holding SE 6.250 12/11/2020 EUR 10.000
UniCredit Bank AG 3.150 7/22/2024 EUR 70.420
Golden Gate AG 6.500 10/11/2014 EUR 37.510
Solon SE 1.375 12/6/2012 EUR 0.488
Afren PLC 6.625 12/9/2020 USD 0.045
Societe Generale SA 12.000 12/3/2020 USD 73.500
La Financiere Atalian SA 4.000 5/15/2024 EUR 65.540
Caixa Economica Montepio 5.000 EUR 50.000
Afren PLC 11.500 2/1/2016 USD 0.013
Air Berlin Finance BV 6.000 3/6/2019 EUR 2.510
KPNQwest NV 7.125 6/1/2009 EUR 0.788
Waste Italia SpA 10.500 11/15/2019 EUR 0.787
Vontobel Financial Produ 6.100 1/30/2020 EUR 57.310
Bibby Offshore Services 7.500 6/15/2021 GBP 11.500
Banco Santander SA 2.081 EUR 4.753
Depfa Funding III LP 0.378 EUR 56.280
Virgolino de Oliveira Fi 11.750 2/9/2022 USD 3.682
Tonon Luxembourg SA 12.500 5/14/2024 USD 3.000
Getin Noble Bank SA 4.790 2/15/2021 PLN 60.100
O1 Properties Finance PL 8.250 9/27/2021 USD 68.492
Gebr Sanders GmbH & Co K 8.750 10/22/2018 EUR 16.214
La Financiere Atalian SA 5.125 5/15/2025 EUR 66.214
Getin Noble Bank SA 4.790 8/28/2020 PLN 75.000
Steilmann SE 7.000 9/23/2018 EUR 1.429
Fortenova Grupa dd 8.875 2/1/2020 USD 18.740
German Pellets GmbH 7.250 4/1/2016 EUR 0.864
Natixis SA 0.300 6/25/2048 USD 47.146
IT Holding Finance SA 9.875 11/15/2012 EUR 0.251
Alpine Holding GmbH 5.250 6/10/2016 EUR 0.446
Bank Julius Baer & Co Lt 15.500 5/4/2020 USD 59.900
Kaupthing ehf 5.750 10/4/2011 USD 0.250
GE Capital European Fund 0.186 10/15/2032 EUR 73.241
Region of Abruzzo Italy 0.150 11/7/2036 EUR 63.949
Spektr OOO 8.750 3/12/2026 RUB
Lehman Brothers Treasury 2.875 3/14/2013 CHF 3.750
Cooperatieve Rabobank UA 0.500 1/31/2033 MXN 33.112
Ahtium PLC 4.000 12/16/2015 EUR 0.401
Cooperatieve Rabobank UA 0.500 12/29/2027 MXN 52.749
Otkritie Holding JSC 12.700 9/30/2027 RUB
Norske Skogindustrier AS 7.125 10/15/2033 USD 0.104
Union Technologies Infor 0.100 1/1/2020 EUR 4.860
Deutsche Agrar Holding G 7.250 9/28/2018 EUR 1.254
Stichting Afwikkeling On 2.380 EUR 1.336
Air Berlin Finance BV 8.500 3/6/2019 EUR 2.763
Getin Noble Bank SA 4.540 12/21/2020 PLN 60.050
Governo Portugues Consol 2.750 EUR 73.000
International Bank of Az 8.250 10/9/2024 USD 61.250
EFG International Financ 9.600 10/15/2019 EUR 19.980
Getin Noble Bank SA 4.790 10/7/2020 PLN 74.000
Virgolino de Oliveira Fi 10.875 1/13/2020 USD 15.751
getgoods.de AG 7.750 10/2/2017 EUR 0.126
Havila Shipping ASA 5.000 11/7/2020 NOK 48.000
Fortenova Grupa dd 9.125 2/1/2020 EUR 19.629
syncreon Group BV / sync 8.625 11/1/2021 USD 6.703
Lehman Brothers Treasury 2.144 10/5/2035 EUR 3.400
Getin Noble Bank SA 4.790 11/30/2020 PLN 65.000
PA Urals Optical & Mecha 9.400 5/24/2029 RUB 101.510
O1 Group Finance OOO 11.000 4/22/2027 RUB 1.190
Pierre & Vacances SA 3.500 10/1/2019 EUR 36.368
Moby SpA 7.750 2/15/2023 EUR 29.388
Region of Molise Italy 0.141 12/15/2033 EUR 59.614
Getin Noble Bank SA 4.790 11/9/2020 PLN 74.000
RENE LEZARD Mode GmbH 7.250 11/25/2017 EUR 1.010
Ahtium PLC 9.750 4/4/2017 EUR 0.991
Neftegazholding AO 0.010 7/21/2020 RUB 75.000
Municipality Finance PLC 0.500 6/19/2024 ZAR 69.393
Veneto Banca SpA 6.411 EUR 1.000
Banco Espirito Santo SA 10.000 12/6/2021 EUR 0.156
UniCredit Bank AG 5.200 1/14/2021 USD 55.150
Hamburgische Landesbank- 0.012 10/30/2040 EUR 66.709
Sberbank of Russia PJSC 7.550 7/12/2021 RUB 71.470
Zaklady Miesne Henryk Ka 6.970 3/29/2021 PLN 3.630
Privatbank CJSC Via UK S 10.875 2/28/2018 USD 29.901
AKB Peresvet ZAO 0.510 2/14/2032 RUB 6.500
Republic of Italy Govern 0.047 7/31/2035 EUR 73.424
SiC Processing GmbH 7.125 3/1/2016 EUR 2.715
La Financiere Atalian SA 6.625 5/15/2025 GBP 65.823
Marine Subsea AS 9.000 12/16/2019 USD 0.688
DZ Bank AG Deutsche Zent 5.000 9/27/2019 EUR 50.570
Deutsche Bank AG/London 0.716 9/30/2029 USD 68.625
Tonon Luxembourg SA 9.250 1/24/2020 USD 1.843
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 3.303
New Look Secured Issuer 4.500 7/1/2022 EUR 24.589
PSN Pm OOO 9.500 9/10/2026 RUB 11.200
Raiffeisen Centrobank AG 6.250 11/12/2019 EUR 47.000
Plaza Centers NV 6.000 7/1/2020 ILS 20.200
Mobile TeleSystems PJSC 7.900 7/8/2026 RUB 71.470
Norske Skog Holding AS 8.000 2/24/2021 EUR 0.359
State of Saxony-Anhalt 0.134 7/3/2028 EUR 42.000
UkrLandFarming PLC 10.875 3/26/2018 USD 10.000
Heta Asset Resolution AG 0.142 12/31/2023 EUR 1.669
A-TEC Industries AG 5.750 11/2/2010 EUR 0.141
Forthnet SA 1.000 10/11/2025 EUR 20.000
Bank Soyuz AO 7.550 6/11/2020 RUB 98.000
Virgolino de Oliveira Fi 10.875 1/13/2020 USD 15.751
SpareBank 1 SR-Bank ASA 1.426 12/21/2030 EUR 68.957
Cooperatieve Rabobank UA 0.500 10/29/2027 MXN 54.552
Otkritie Holding JSC 12.620 4/25/2028 RUB
Russian Railways JSC 3.300 11/29/2028 RUB
Credit Suisse AG/Nassau 8.250 9/3/2019 CHF 68.140
Bank Julius Baer & Co Lt 10.060 4/27/2020 CHF 63.050
Stichting Afwikkeling On 6.625 5/14/2018 EUR 1.473
OAS Investments GmbH 8.250 10/19/2019 USD 0.307
UAHM-Finance OOO 5.000 7/25/2025 RUB 98.170
Royalbeach Spielwaren Un 7.375 11/10/2020 EUR 2.400
Ideal Standard Internati 11.750 5/1/2018 EUR 0.050
Anglian Water Services F 1.152 1/26/2057 GBP 73.545
Barclays Bank PLC 0.356 10/30/2034 USD 72.500
Landesbank Hessen-Thueri 0.106 4/23/2041 EUR 70.005
Bank Otkritie Financial 10.000 4/26/2019 USD 8.360
Sberbank of Russia PJSC 1.350 2/9/2023 RUB 71.470
Eniro AB 6.000 4/14/2020 SEK 31.618
Teksid Aluminum Luxembou 12.375 7/15/2011 EUR 0.117
Societe Generale SA 9.000 7/22/2022 USD 32.000
Podkarpacki Bank Spoldzi 4.990 10/6/2021 PLN 44.100
Lehman Brothers Treasury 2.144 11/2/2035 EUR 3.400
Norddeutsche Landesbank- 6.350 9/27/2019 EUR 36.740
Leonteq Securities AG/Gu 11.000 10/31/2019 USD 65.490
Hamburgische Landesbank- 0.010 1/22/2041 EUR 65.342
Norske Skogindustrier AS 7.125 10/15/2033 USD 0.104
Sberbank of Russia PJSC 0.875 2/15/2023 RUB 71.470
Kardan NV 6.775 2/2/2020 ILS 25.540
Vontobel Financial Produ 6.500 3/27/2020 EUR 71.150
Sberbank of Russia PJSC 0.880 2/17/2023 RUB 71.470
Lehman Brothers Treasury 2.144 3/16/2035 EUR 3.400
Podkarpacki Bank Spoldzi 5.790 3/31/2025 PLN
Stichting Afwikkeling On 8.450 8/20/2018 USD 1.473
Finance and Credit Bank 9.250 1/25/2019 USD 0.720
Erste Group Bank AG 4.350 2/20/2022 EUR 69.500
DZ Bank AG Deutsche Zent 8.000 12/23/2019 EUR 57.530
SALVATOR Vermoegensverwa 9.500 12/31/2021 EUR 6.200
Pescanova SA 5.125 4/20/2017 EUR 0.496
Norske Skog Holding AS 8.000 2/24/2023 USD 0.199
Top Gun Realisations 73 8.000 7/1/2023 GBP 1.304
Rosneft Oil Co PJSC 7.350 11/25/2026 RUB 100.000
Societe Generale SA 12.000 7/8/2021 USD 65.850
TGC-1 PJSC 5.800 2/14/2022 RUB 66.000
Bulgaria Steel Finance B 12.000 5/4/2013 EUR 0.216
Getin Noble Bank SA 4.790 3/12/2021 PLN 66.000
Cooperativa Muratori & C 6.000 2/15/2023 EUR 3.630
UBS AG/London 6.250 8/28/2019 EUR 46.650
Landesbank Baden-Wuertte 4.750 3/27/2020 EUR 71.680
Kardan NV 6.325 9/22/2019 ILS 16.260
Credit Suisse AG/London 12.250 10/7/2019 USD 45.330
Commerzbank AG 3.380 4/19/2021 USD 65.920
BLT Finance BV 12.000 2/10/2015 USD 10.500
Constellation Oil Servic 6.250 11/9/2019 USD 3.226
SAir Group 2.125 11/4/2004 CHF 7.875
Russian Railways JSC 9.700 5/22/2046 RUB 109.990
EFG International Financ 6.400 4/9/2020 EUR 66.960
Getin Noble Bank SA 4.790 4/7/2021 PLN 65.000
Credit Suisse AG/London 9.000 3/19/2021 USD 9.194
Russian Helicopters JSC 11.900 1/15/2026 RUB 109.800
Cooperatieve Rabobank UA 0.500 11/30/2027 MXN 52.650
HSBC Bank PLC 0.500 7/11/2023 BRL 74.715
International Finance Fa 0.500 6/29/2027 ZAR 50.934
Sberbank of Russia PJSC 7.550 7/12/2021 RUB 71.470
mybet Holding SE 6.250 12/12/2020 EUR 1.000
UBS AG/London 9.000 11/18/2019 CHF 68.800
SAir Group 5.125 3/1/2003 CHF 13.500
ROSSETI PJSC 9.150 8/18/2026 RUB 60.060
Rosbank PJSC 0.040 4/30/2024 RUB 100.000
Norddeutsche Landesbank- 4.500 8/27/2019 EUR 48.360
Commerzbank AG 1.000 11/2/2020 USD 8.110
Podkarpacki Bank Spoldzi 5.790 7/2/2020 PLN 61.500
Astana Finance BV 7.875 6/8/2010 EUR 16.000
Republic of Italy Govern 0.365 5/31/2035 EUR 74.545
Odea Bank AS 7.625 8/1/2027 USD 70.303
UniCredit Bank AG 4.000 5/14/2020 EUR 64.720
Credit Suisse AG/London 10.000 4/20/2020 USD 65.190
O1 Properties Finance ZA 13.000 10/2/2020 RUB 90.000
Sibur Holding PAO 9.650 9/16/2026 RUB 66.000
Finans-Avia OOO 0.010 7/31/2027 RUB 3.670
Leonteq Securities AG/Gu 6.920 11/13/2019 EUR 70.000
WEB Windenergie AG 6.250 EUR 61.322
Cooperativa Muratori & C 6.875 8/1/2022 EUR 3.500
Norske Skogindustrier AS 7.000 12/30/2026 EUR 0.063
Cooperatieve Rabobank UA 0.500 8/21/2028 MXN 48.953
Plaza Centers NV 6.900 7/1/2020 ILS 21.020
Podkarpacki Bank Spoldzi 5.790 10/24/2024 PLN 40.000
Province of Brescia Ital 0.069 12/22/2036 EUR 59.886
SAir Group 0.125 7/7/2005 CHF 8.767
Leonteq Securities AG/Gu 2.750 9/15/2022 CHF 33.420
Credit Suisse AG/London 8.000 11/29/2019 USD 2.508
Gazprombank JSC 8.200 1/5/2025 RUB 71.470
COFIDUR SA 0.100 12/31/2024 EUR 24.540
WPE International Cooper 10.375 9/30/2020 USD 5.277
Heta Asset Resolution AG 7.500 12/31/2023 ATS 1.669
Northland Resources AB 4.000 10/15/2020 NOK 0.138
UBS AG/London 12.000 5/4/2020 USD 70.840
ROSSETI PJSC 9.150 8/18/2026 RUB 60.060
Veneto Banca SpA 6.944 5/15/2025 EUR 0.093
Fortenova Grupa dd 9.875 5/1/2019 EUR 20.218
HPI AG 3.500 EUR 2.333
Credit Suisse AG/London 9.750 2/18/2020 USD 54.350
Leonteq Securities AG/Gu 2.300 2/21/2020 EUR 40.150
SAir Group 4.250 2/2/2007 CHF 7.875
Espirito Santo Financial 5.125 5/30/2016 EUR 1.627
Norddeutsche Landesbank- 5.000 10/23/2019 EUR 57.030
Landesbank Baden-Wuertte 5.000 5/22/2020 EUR 68.930
DekaBank Deutsche Giroze 10.150 11/1/2019 EUR 61.520
Bank Julius Baer & Co Lt 11.250 9/4/2019 EUR 57.650
EFG International Financ 9.800 9/21/2021 EUR 59.000
SG Issuer SA 4.000 6/22/2026 EUR 51.310
Societe Generale SA 10.000 6/26/2025 USD 73.400
Rosselkhozbank JSC 0.000 2/13/2025 RUB 63.080
SAir Group 5.500 7/23/2003 CHF 7.875
Minicentrales Dos SA 0.010 6/6/2047 EUR 65.750
Petromena ASA 9.750 5/24/2016 NOK 0.607
Northland Resources AB 15.000 7/15/2019 USD 2.621
UBS AG/London 10.000 2/6/2020 EUR 68.440
Natixis SA 3.100 8/27/2019 USD 64.116
VTB Bank PJSC 3.000 9/18/2046 RUB 71.000
Atari SA 0.100 4/1/2020 EUR 6.500
UAHM-Finance OOO 4.000 3/28/2023 RUB 20.000
Landesbank Schleswig-Hol 2.698 1/5/2040 USD 48.463
Credit Suisse AG/London 6.250 11/28/2025 USD 11.623
Espirito Santo Financial 0.466 10/27/2024 EUR 2.419
Solarwatt GmbH 7.000 11/1/2015 EUR 15.500
Sairgroup Finance BV 6.625 10/6/2010 EUR 9.664
Kaupthing ehf 9.000 USD 0.122
House of Fraser Funding 6.512 9/15/2020 GBP 3.105
Rio Forte Investments SA 4.000 7/22/2014 EUR 5.228
Tonon Luxembourg SA 12.500 5/14/2024 USD 3.000
Societe Generale SA 9.000 2/3/2021 USD 55.600
Credit Suisse AG/Nassau 8.000 9/11/2019 CHF 67.920
UBS AG/London 8.500 1/6/2020 EUR 41.800
UniCredit Bank AG 6.600 7/20/2028 EUR 34.010
DZ Bank AG Deutsche Zent 4.400 9/23/2019 EUR 65.920
Erste Group Bank AG 6.000 10/30/2023 EUR 74.900
SG Issuer SA 5.000 4/2/2024 EUR 61.590
Lehman Brothers Treasury 10.442 11/22/2008 CHF 2.571
Zurcher Kantonalbank Fin 13.550 8/29/2019 CHF 61.580
Bank Julius Baer & Co Lt 6.000 12/29/2020 USD 74.400
Commerzbank AG 3.450 12/23/2019 GBP 72.650
Getin Noble Bank SA 5.790 8/30/2024 PLN 50.000
Bank Julius Baer & Co Lt 7.200 11/11/2019 CHF 59.900
DekaBank Deutsche Giroze 7.000 2/28/2020 EUR 69.440
Praim Finans OOO 9.640 7/13/2021 RUB 0.010
Leonteq Securities AG/Gu 2.380 10/14/2019 EUR
Fast Finance SA 10.500 1/15/2021 PLN 5.000
Russian Railways JSC 5.300 5/30/2040 RUB
Veneto Banca SpA 6.950 2/25/2025 EUR 0.100
Astana Finance BV 9.000 11/16/2011 USD 15.213
Grupo Isolux Corsan SA 0.250 12/30/2018 EUR 0.102
Region Invest OOO 10.500 9/12/2019 RUB 50.000
UBS AG/London 12.000 6/19/2020 USD 64.340
Credit Suisse AG/Nassau 5.500 2/17/2020 CHF 62.970
Rosbank PJSC 0.030 4/30/2024 RUB 100.000
Samaratransneft-Terminal 12.000 4/27/2022 RUB 16.050
Lehman Brothers Treasury 4.000 10/12/2010 USD 2.571
Barclays Bank PLC 0.500 1/28/2033 MXN 32.287
Deutsche Bank AG/London 2.000 10/25/2023 TRY 55.084
SG Issuer SA 6.800 1/6/2020 USD 42.900
Deutsche Bank AG 4.200 9/24/2019 EUR 71.140
Leonteq Securities AG/Gu 1.760 4/2/2020 EUR 39.930
UBS AG/London 6.500 3/30/2020 CHF 58.950
Landesbank Hessen-Thueri 3.000 7/6/2021 EUR 61.500
Bayerische Landesbank 3.000 9/4/2020 EUR 74.440
Volga Sport ZAO 7.880 4/4/2022 RUB 75.000
Metalloinvest Holding Co 0.010 3/7/2022 RUB 67.000
Otkritie Holding JSC 12.420 8/5/2025 RUB
Aralco Finance SA 10.125 5/7/2020 USD 1.580
AKB Peresvet ZAO 13.000 10/7/2017 RUB 18.875
Natixis Structured Issua 1.125 8/9/2021 USD 70.137
Leonteq Securities AG/Gu 3.400 3/20/2024 CHF 51.380
Russian Railways JSC 6.200 9/19/2033 RUB
Mriya Agro Holding PLC 10.950 3/30/2016 USD 3.011
Irish Bank Resolution Co 6.750 11/30/2013 BGN 45.548
Mriya Agro Holding PLC 9.450 4/19/2018 USD 3.010
Russian Railways JSC 6.200 9/20/2039 RUB 91.000
Banca Popolare di Vicenz 9.500 10/2/2025 EUR 0.100
Windreich GmbH 6.750 3/1/2015 EUR 9.631
Lloyds Bank PLC 0.500 7/26/2028 MXN 49.249
Raiffeisen Centrobank AG 5.200 12/30/2019 EUR 44.010
Erste Group Bank AG 5.550 8/30/2022 EUR 71.650
Transneft PJSC 8.750 4/14/2027 RUB 74.100
Raiffeisen Centrobank AG 5.200 2/3/2020 EUR 42.310
Muehl Product & Service 6.750 3/10/2005 DEM 0.010
Kaupthing ehf 6.125 10/4/2016 USD 0.250
Russian Railways JSC 10.300 4/3/2026 RUB 109.270
Northland Resources AB 4.000 10/15/2020 USD 0.138
Elli Investments Ltd 12.250 6/15/2020 GBP 54.125
Bayerische Landesbank 2.300 8/28/2020 EUR 73.360
Natixis SA 3.100 7/26/2021 USD 50.850
Commerzbank AG 3.900 3/23/2022 USD 6.300
Leonteq Securities AG/Gu 8.000 12/27/2019 EUR 40.860
Raiffeisen Centrobank AG 7.000 10/25/2019 EUR 55.120
Societe Generale SA 8.000 8/9/2022 USD 33.300
Raiffeisen Schweiz Genos 6.450 5/25/2020 CHF 58.930
Leonteq Securities AG/Gu 12.000 10/23/2019 CHF 40.170
UBS AG/London 12.000 10/7/2019 CHF 40.900
Leonteq Securities AG/Gu 7.000 11/13/2019 CHF 54.270
Societe Generale SA 14.720 6/25/2021 USD 73.800
KPNQwest NV 8.875 2/1/2008 EUR 0.788
Turkey Government Bond 8.000 3/12/2025 TRY 71.000
Bank Otkritie Financial 0.010 9/24/2025 RUB 57.810
Region Invest OOO 7.850 5/4/2021 RUB 1.250
Eirles Two DAC 2.894 2/13/2046 USD 71.593
Samaratransneft-Terminal 12.000 9/20/2022 RUB 0.110
Leonteq Securities AG/Gu 7.600 12/4/2019 CHF 68.980
Landesbank Hessen-Thueri 2.600 7/29/2020 EUR 66.300
DZ Bank AG Deutsche Zent 7.750 9/23/2019 EUR 64.390
Credit Suisse AG/Nassau 8.000 11/15/2019 CHF 66.150
Russian Railways JSC 5.300 2/28/2040 RUB
Russian Railways JSC 5.300 2/28/2040 RUB
Leonteq Securities AG/Gu 16.000 2/20/2020 CHF 73.540
Credit Suisse AG/London 7.250 8/26/2019 CHF 65.980
Bank Julius Baer & Co Lt 11.000 10/10/2019 EUR 62.100
Bayerische Landesbank 2.900 9/20/2019 EUR 55.810
WEB Windenergie AG 6.500 EUR 70.010
SAir Group 6.250 10/27/2002 CHF 7.255
Lehman Brothers Treasury 13.500 11/28/2008 USD 2.571
SAir Group 6.250 4/12/2005 CHF 7.255
Lehman Brothers Treasury 6.000 3/18/2015 USD 3.400
Samaratransneft-Terminal 17.000 6/20/2021 RUB 12.330
Rosbank PJSC 0.020 4/30/2024 RUB 100.000
Banque Federative du Cre 0.746 EUR 61.250
Kaupthing ehf 4.390 10/14/2008 CZK 0.250
DekaBank Deutsche Giroze 4.250 3/6/2020 EUR 75.650
UBS AG/London 7.000 9/26/2019 EUR 42.810
Getin Noble Bank SA 5.790 6/28/2024 PLN 60.000
Erste Group Bank AG 5.800 1/31/2023 EUR 56.950
UBS AG/London 6.500 12/30/2019 CHF 72.650
Centralnaya Prigorodnaya 7.550 12/15/2027 RUB 65.900
Credit Suisse AG/Nassau 8.000 9/23/2019 CHF 62.420
Corner Banca SA 7.600 2/2/2021 CHF 59.700
Raiffeisen Schweiz Genos 5.700 11/14/2019 EUR 62.190
Leonteq Securities AG/Gu 6.000 1/30/2020 CHF 58.150
Corner Banca SA 14.200 11/6/2019 CHF 68.460
DZ Bank AG Deutsche Zent 8.500 9/25/2019 EUR 52.770
Getin Noble Bank SA 6.790 1/31/2024 PLN 75.000
Sviaz Bank OAO 8.100 12/9/2021 RUB 61.310
Landesbank Hessen-Thueri 2.750 5/20/2021 EUR 59.100
Rosneft Oil Co PJSC 8.700 3/23/2029 RUB 60.060
DekaBank Deutsche Giroze 4.400 9/25/2019 EUR 77.900
Getin Noble Bank SA 6.790 8/31/2023 PLN 60.000
Getin Noble Bank SA 5.790 12/12/2022 PLN 60.000
Lehman Brothers Treasury 7.500 7/31/2013 GBP 2.571
Lehman Brothers Treasury 5.103 6/22/2046 EUR 2.571
Resursosberezhenie HMAO 10.000 6/17/2031 RUB 68.770
Grupo Isolux Corsan SA 6.000 12/30/2021 USD 1.333
Grupo Isolux Corsan SA 0.250 12/30/2021 USD 0.100
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 3.303
Kaupthing ehf 9.750 9/10/2015 USD 0.250
Kommunalbanken AS 5.000 10/11/2022 TRY 75.493
Otkritie Holding JSC 12.140 10/3/2036 RUB 0.074
Municipality Finance PLC 0.250 6/28/2040 CAD 36.277
Raiffeisen Centrobank AG 4.737 12/27/2019 EUR 70.480
UniCredit Bank AG 6.900 1/3/2020 EUR 45.660
Bayerische Landesbank 3.300 10/30/2020 EUR 56.560
Credit Suisse AG/London 8.000 11/17/2021 USD 10.089
UBS AG/London 6.000 8/29/2019 CHF 65.350
UBS AG/London 11.000 9/30/2019 CHF 48.250
Raiffeisen Schweiz Genos 3.000 9/22/2020 CHF 9.160
Er-Telekom Holding ZAO 10.850 12/1/2021 RUB 60.060
UniCredit Bank AG 3.750 9/7/2020 EUR 27.000
Russian Railways JSC 5.600 5/20/2044 RUB
Vontobel Financial Produ 6.000 8/29/2019 EUR 49.200
EFG International Financ 11.400 9/5/2019 CHF 71.890
HSBC Trinkaus & Burkhard 8.200 12/27/2019 EUR 59.580
Metalloinvest Holding Co 0.010 3/7/2022 RUB 63.000
National Capital JSC 10.000 9/15/2020 RUB 100.000
SG Issuer SA 5.000 5/23/2024 EUR 62.350
Rosselkhozbank JSC 12.870 12/21/2021 RUB 116.000
VTB Bank PJSC 3.000 8/14/2043 RUB 71.000
Lehman Brothers Treasury 1.750 2/7/2010 EUR 2.571
Lehman Brothers Treasury 6.650 8/24/2011 AUD 3.400
J&T Banka AS 9.000 EUR 71.853
Lehman Brothers Treasury 6.300 12/21/2018 USD 2.571
Lehman Brothers Treasury 8.000 12/27/2032 JPY 2.571
Bank Otkritie Financial 0.010 7/16/2025 RUB 59.880
La Veggia Finance SA 7.125 11/14/2004 EUR 0.287
OOO SPV Structural Inves 0.010 9/1/2023 RUB 66.740
Kaupthing ehf 3.750 2/1/2045 USD 0.100
Mobylife Holding A/S 7.250 5/23/2020 SEK 8.125
UniCredit Bank AG 4.200 1/3/2020 EUR 57.080
Natixis SA 3.690 11/9/2020 USD 55.084
Zurcher Kantonalbank Fin 7.500 9/27/2019 CHF 72.480
UBS AG/London 11.000 3/6/2020 USD 61.450
Vontobel Financial Produ 12.080 10/31/2019 EUR 56.780
Raiffeisen Centrobank AG 10.000 5/11/2020 EUR 53.440
Bank Julius Baer & Co Lt 5.750 9/12/2019 CHF 69.450
Credit Suisse AG/Nassau 8.000 8/26/2019 CHF 66.700
Landesbank Baden-Wuertte 2.500 10/23/2020 EUR 45.720
DekaBank Deutsche Giroze 9.600 10/16/2020 EUR 71.710
DZ Bank AG Deutsche Zent 8.750 9/25/2019 EUR 66.600
Credit Suisse AG/London 13.500 8/20/2020 USD 9.620
United Confectioners Fin 8.000 4/3/2023 RUB 71.000
Credit Suisse AG/Nassau 8.250 10/31/2019 CHF 64.920
Landesbank Hessen-Thueri 6.000 8/25/2023 EUR 49.720
Vivid Games SA 7.720 5/5/2020 PLN 70.000
Bank Soyuz AO 7.550 11/22/2019 RUB 100.040
Main Road JSC 4.000 10/30/2028 RUB 69.720
SG Issuer SA 7.350 9/30/2019 CHF 51.150
Irish Bank Resolution Co 4.000 4/23/2018 EUR 45.448
Lehman Brothers Treasury 16.000 10/28/2008 USD 2.571
AKB Peresvet ZAO 13.250 4/25/2018 RUB 18.875
Kaupthing ehf 5.250 7/18/2017 BGN 0.250
Bibby Offshore Services 7.500 6/15/2021 GBP 11.500
Espirito Santo Financial 5.050 11/15/2025 EUR 0.305
Rio Forte Investments SA 3.900 7/10/2014 USD 5.250
ECM Real Estate Investme 5.000 10/9/2011 EUR 15.375
Cerruti Finance SA 6.500 7/26/2004 EUR 1.904
Lehman Brothers Treasury 6.000 6/21/2011 EUR 2.571
Raiffeisen Centrobank AG 5.500 12/6/2019 EUR 60.960
Zurcher Kantonalbank Fin 5.265 9/20/2019 EUR 58.130
Leonteq Securities AG/Gu 7.000 12/4/2019 CHF 58.000
UBS AG/London 10.500 2/28/2020 CHF 40.050
Credit Suisse AG/Nassau 8.000 9/2/2019 CHF 57.220
Getin Noble Bank SA 6.290 5/31/2024 PLN 50.000
Getin Noble Bank SA 6.790 4/4/2024 PLN 61.200
Getin Noble Bank SA 6.790 4/29/2024 PLN 62.500
Leonteq Securities AG 10.200 9/18/2019 CHF 70.620
Raiffeisen Centrobank AG 6.000 7/21/2020 EUR 50.480
Leonteq Securities AG 11.350 12/27/2019 CHF 49.060
UBS AG/London 6.500 2/14/2020 USD 47.700
UBS AG/London 10.750 6/8/2020 CHF 64.950
EFG International Financ 6.400 6/22/2020 CHF 57.650
Landesbank Baden-Wuertte 3.000 4/24/2020 EUR 74.980
Landesbank Hessen-Thueri 5.900 8/25/2023 EUR 71.860
Getin Noble Bank SA 6.790 12/21/2023 PLN 72.000
Getin Noble Bank SA 5.790 7/26/2024 PLN 60.000
Credit Suisse AG/Nassau 8.500 9/2/2019 EUR 66.060
Landesbank Baden-Wuertte 2.230 5/22/2020 EUR 67.740
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 34.170
Credit Suisse AG/Nassau 8.500 12/20/2019 CHF 71.200
Getin Noble Bank SA 6.790 4/28/2023 PLN 60.000
Getin Noble Bank SA 6.790 5/31/2023 PLN 60.000
Leonteq Securities AG/Gu 10.000 10/30/2019 CHF 59.330
Societe Generale SA 8.000 10/31/2019 USD 43.860
Getin Noble Bank SA 6.790 11/30/2023 PLN 66.000
Danske Bank A/S 10.300 7/9/2023 SEK 49.700
Bank Julius Baer & Co Lt 9.600 10/21/2019 CHF 59.700
Leonteq Securities AG/Gu 2.800 10/14/2019 EUR
Home Money LLC 16.000 4/19/2022 RUB 0.220
Norddeutsche Landesbank- 5.000 5/6/2020 EUR 69.410
Getin Noble Bank SA 6.790 11/9/2023 PLN 60.000
Metalloinvest Holding Co 0.010 3/10/2022 RUB 70.000
Landesbank Baden-Wuertte 2.530 9/27/2019 EUR 50.740
Leonteq Securities AG/Gu 11.600 10/16/2019 CHF 64.820
Credit Suisse AG/Nassau 10.000 9/30/2019 CHF 48.580
Getin Noble Bank SA 6.790 7/28/2023 PLN 60.000
SG Issuer SA 5.500 4/10/2021 EUR 69.560
Russian Railways JSC 5.600 8/18/2033 RUB 60.060
Credit Suisse AG 0.500 12/16/2025 BRL 60.907
Centrosolar Group AG 7.000 2/15/2016 EUR 2.387
Deutsche Bank AG/London 0.500 4/5/2038 MXN 19.775
AKB Peresvet ZAO 0.510 8/4/2034 RUB
Lehman Brothers Treasury 5.000 5/2/2022 EUR 2.571
Heta Asset Resolution AG 0.250 12/31/2023 EUR 1.669
SAir Group 2.750 7/30/2004 CHF 7.875
Norske Skogindustrier AS 2.000 12/30/2115 EUR 0.001
Pescanova SA 6.750 3/5/2015 EUR 0.451
Lehman Brothers Treasury 10.000 6/11/2038 JPY 2.571
Hellas Telecommunication 8.500 10/15/2013 EUR 0.663
LBI ehf 2.250 2/14/2011 CHF 7.539
Raiffeisen Schweiz Genos 5.250 2/9/2021 CHF 40.840
Landesbank Hessen-Thueri 4.000 8/26/2020 EUR 53.800
Leonteq Securities AG/Gu 6.600 6/30/2020 CHF 61.500
UBS AG/London 11.000 3/20/2020 USD 73.320
Deutsche Bank AG 4.200 12/24/2019 EUR 74.100
Credit Suisse AG/Nassau 8.250 9/23/2019 EUR 68.440
Leonteq Securities AG 2.750 3/20/2020 CHF 53.670
Societe Generale SA 8.600 7/29/2022 USD 45.400
Credit Suisse AG/London 8.000 4/6/2022 USD 9.970
Bayerische Landesbank 2.200 7/16/2021 EUR 69.930
DekaBank Deutsche Giroze 2.250 1/22/2021 EUR 59.730
Landesbank Baden-Wuertte 2.650 9/25/2020 EUR 68.780
Bank Julius Baer & Co Lt 7.700 9/20/2019 USD 38.450
Leonteq Securities AG 8.000 9/25/2019 CHF 57.500
Raiffeisen Schweiz Genos 6.500 12/18/2019 CHF 46.990
Raiffeisen Switzerland B 7.080 2/15/2021 EUR 73.560
Leonteq Securities AG 5.000 9/2/2020 CHF 67.710
EFG International Financ 12.500 10/24/2019 USD 53.930
getBACK SA 5.720 2/16/2021 PLN
UBS AG/London 7.000 10/26/2020 CHF 67.900
UBS AG/London 7.000 6/8/2020 CHF 63.800
Leonteq Securities AG/Gu 11.000 11/11/2019 CHF 46.810
Leonteq Securities AG 3.000 9/19/2019 CHF
Societe Generale SA 7.000 10/20/2020 USD 0.190
HSBC Trinkaus & Burkhard 7.650 4/1/2020 EUR 69.270
Leonteq Securities AG 3.900 12/20/2024 CHF 54.840
Leonteq Securities AG 9.400 9/4/2019 CHF 57.100
City of Predeal Romania 4.500 5/15/2026 RON 68.000
Credit Suisse AG/Nassau 8.250 11/7/2019 EUR 71.170
Credit Suisse AG/Nassau 8.000 11/8/2019 CHF 64.630
Bank Julius Baer & Co Lt 7.700 11/11/2019 EUR 60.000
Bank Julius Baer & Co Lt 10.800 1/21/2020 USD 63.450
Russian Railways JSC 5.600 5/29/2035 RUB
Societe Generale SA 3.080 1/31/2033 USD 68.400
Basler Kantonalbank 5.000 10/1/2019 CHF 67.700
VTB Bank PJSC 3.000 9/1/2044 RUB 71.000
UBS AG/London 12.000 9/12/2019 CHF 62.350
Leonteq Securities AG/Gu 13.000 12/10/2019 USD 64.120
Bank Julius Baer & Co Lt 8.000 10/31/2019 CHF 54.900
Corner Banca SA 10.600 1/13/2020 CHF 62.370
UniCredit Bank AG 6.600 8/12/2020 EUR 68.280
Leonteq Securities AG/Gu 10.200 12/17/2019 EUR 69.010
DZ Bank AG Deutsche Zent 5.000 9/25/2019 EUR 27.370
Raiffeisen Centrobank AG 5.250 5/15/2020 EUR 66.130
TransFin-M PAO 10.500 2/26/2025 RUB 71.000
getBACK SA 5.720 4/30/2021 PLN
SG Issuer SA 0.800 11/30/2020 SEK 14.820
Lehman Brothers Treasury 8.280 7/31/2013 GBP 2.571
Lehman Brothers Treasury 3.600 3/19/2018 JPY 2.571
Bilt Paper BV 9.640 USD 1.009
Lehman Brothers Treasury 2.000 6/28/2011 EUR 2.571
Lehman Brothers Treasury 10.000 10/22/2008 USD 2.571
Nota-Bank OJSC 13.500 4/1/2016 RUB 31.500
MIK OAO 15.000 2/19/2020 RUB 6.700
Otkritie Holding JSC 12.420 7/20/2028 RUB 6.060
Lehman Brothers Treasury 11.750 3/1/2010 EUR 2.571
ECM Real Estate Investme 5.000 10/9/2011 EUR 15.375
Lehman Brothers Treasury 0.500 12/20/2017 AUD 2.571
New World Resources NV 4.000 10/7/2020 EUR 0.469
Lehman Brothers Treasury 8.050 12/20/2010 HKD 2.571
Kommunalbanken AS 4.800 12/1/2022 TRY 74.058
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 1.281
Kaupthing ehf 6.500 10/8/2010 ISK 0.250
Heta Asset Resolution AG 5.030 12/31/2023 EUR 1.669
Windreich GmbH 6.250 3/1/2015 EUR 9.631
AKB Peresvet ZAO 0.510 6/23/2021 RUB 17.430
Minicentrales Dos SA 0.010 6/6/2047 EUR 65.750
Raiffeisen Centrobank AG 8.000 3/3/2020 EUR 56.020
Leonteq Securities AG/Gu 6.400 10/16/2019 CHF 58.840
EFG International Financ 6.400 10/26/2020 CHF 68.720
EFG International Financ 8.200 1/18/2021 CHF 74.180
Leonteq Securities AG/Gu 7.000 1/29/2020 CHF 65.070
UBS AG/London 6.000 5/27/2021 EUR 73.300
Bayerische Landesbank 3.100 10/4/2019 EUR 52.400
Raiffeisen Schweiz Genos 6.500 9/12/2019 EUR 62.140
Leonteq Securities AG/Gu 10.000 2/8/2021 USD 65.200
Bayerische Landesbank 5.300 10/25/2019 EUR 68.690
Landesbank Hessen-Thueri 6.400 8/18/2020 EUR 44.280
Macquarie Internationale 11.550 8/28/2023 ZAR 17.321
Leonteq Securities AG/Gu 13.000 9/18/2019 USD 33.600
Raiffeisen Schweiz Genos 9.500 12/15/2020 CHF 66.560
HSBC Trinkaus & Burkhard 4.000 1/17/2020 EUR 72.140
Bayerische Landesbank 7.000 11/22/2019 EUR 67.930
Bayerische Landesbank 3.100 7/10/2020 EUR 55.260
Natixis SA 3.150 6/8/2021 USD 50.112
Federal Grid Co Unified 9.350 10/17/2051 RUB 70.000
Leonteq Securities AG/Gu 8.200 9/1/2020 CHF 62.660
Rosselkhozbank JSC 10.500 11/22/2038 RUB 100.000
Leonteq Securities AG 14.250 11/22/2019 CHF 67.460
Leonteq Securities AG 17.250 11/22/2019 USD 68.260
Bayerische Landesbank 4.000 10/25/2019 EUR 61.060
Leonteq Securities AG/Gu 16.100 10/25/2019 EUR 65.590
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 57.110
Leonteq Securities AG/Gu 5.500 5/25/2021 CHF 63.400
Bayerische Landesbank 6.000 10/11/2019 EUR 63.260
Bayerische Landesbank 6.100 10/11/2019 EUR 52.070
Raiffeisen Centrobank AG 6.250 11/25/2019 EUR 47.060
Leonteq Securities AG 8.000 1/16/2020 CHF 64.550
Deutsche Bank AG 4.200 9/24/2019 EUR 57.550
Kancelaria Statima SA 8.000 12/13/2019 PLN 70.000
Leonteq Securities AG/Gu 6.000 1/20/2021 CHF 66.030
Leonteq Securities AG 12.000 10/23/2019 CHF 34.610
Leonteq Securities AG 11.000 10/23/2019 CHF 57.640
Leonteq Securities AG 10.400 10/23/2019 CHF 58.180
Leonteq Securities AG 9.400 10/23/2019 CHF 59.830
Bayerische Landesbank 3.550 8/21/2020 EUR 58.390
Leonteq Securities AG 5.400 7/25/2022 CHF 73.010
UniCredit Bank AG 5.050 1/11/2022 EUR 43.990
EFG International Financ 7.200 7/29/2020 EUR 9.040
UBS AG/London 10.000 10/11/2019 USD 44.450
Bayerische Landesbank 3.150 7/31/2020 EUR 57.860
Leonteq Securities AG 11.000 10/17/2019 CHF 59.880
Bayerische Landesbank 2.200 12/11/2020 EUR 71.230
Leonteq Securities AG/Gu 5.000 12/27/2019 EUR 58.910
Deutsche Bank AG 6.200 11/14/2019 EUR 63.870
Bank Julius Baer & Co Lt 9.650 4/27/2020 USD 52.550
UBS AG/London 8.500 11/15/2019 CHF 43.150
Bayerische Landesbank 2.450 7/31/2020 EUR 73.710
Bank Julius Baer & Co Lt 8.000 10/7/2019 EUR 53.050
Opus-Chartered Issuances 5.500 10/26/2024 EUR 0.010
LBI ehf 6.100 8/25/2011 USD 7.539
Lehman Brothers Treasury 4.350 8/8/2016 SGD 3.750
Otkritie Holding JSC 11.500 7/14/2027 RUB 0.340
Valaris plc 7.750 2/1/2026 USD 61.910
Lehman Brothers Treasury 4.600 10/11/2017 ILS 3.750
Digital Invest OOO 7.850 4/9/2021 RUB 3.030
BNP Paribas SA 0.500 11/16/2032 MXN 32.671
Barclays Bank PLC 1.450 9/24/2038 MXN 28.725
Northland Resources AB 15.000 7/15/2019 USD 2.621
Heta Asset Resolution AG 4.875 12/31/2023 EUR 1.669
Barclays Bank PLC 2.000 6/12/2029 TRY 35.251
Credito Padano Banca di 3.100 EUR 33.833
Credito Padano Banca di 3.100 EUR 34.068
Espirito Santo Financial 5.625 7/28/2017 EUR 2.931
Credit Suisse AG/Nassau 6.000 10/11/2019 EUR 58.300
UniCredit Bank AG 3.630 3/12/2020 EUR 61.240
O1 Group Finance OOO 11.250 5/24/2027 RUB 0.150
Landesbank Hessen-Thueri 3.000 12/16/2020 EUR 73.900
UBS AG/London 21.000 3/26/2020 EUR 72.410
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 60.860
UBS AG/London 12.000 6/12/2020 USD 55.050
Bayerische Landesbank 4.700 9/13/2019 EUR 63.310
Corner Banca SA 6.300 2/17/2020 EUR 69.840
Bayerische Landesbank 2.400 12/20/2019 EUR 55.830
SALVATOR Vermoegensverwa 9.500 EUR 15.800
BNP Paribas Emissions- u 28.000 9/26/2019 EUR 71.720
Gold-Zack AG 7.000 12/14/2005 EUR 11.510
Credit Suisse AG/London 7.350 10/14/2019 CHF 58.930
Credit Suisse AG/London 8.750 10/4/2019 USD 39.860
EFG International Financ 7.000 11/23/2020 CHF 61.530
WEB Windenergie AG 6.500 EUR 55.010
SG Issuer SA 5.000 7/10/2020 EUR 12.440
Bank Julius Baer & Co Lt 13.600 1/3/2020 CHF 54.850
Rosselkhozbank JSC 15.000 1/29/2025 RUB 69.060
Heta Asset Resolution AG 4.350 12/31/2023 EUR 1.669
Lehman Brothers Treasury 7.375 9/20/2008 EUR 2.571
Otkritie Holding JSC 12.150 4/20/2028 RUB
Otkritie Holding JSC 12.090 12/8/2027 RUB 0.010
Digital Invest OOO 7.850 4/7/2021 RUB 2.900
Otkritie Holding JSC 10.770 9/17/2027 RUB 0.290
KPNQwest NV 7.125 6/1/2009 EUR 0.788
Rio Forte Investments SA 4.750 11/10/2015 EUR 5.250
Leonteq Securities AG/Gu 13.000 8/4/2020 CHF 33.270
DekaBank Deutsche Giroze 5.100 3/6/2020 EUR 62.480
Societe Generale Effekte 24.908 12/20/2019 EUR 71.560
Societe Generale Effekte 12.181 9/20/2019 EUR 71.920
Societe Generale Effekte 26.656 12/20/2019 EUR 64.830
Societe Generale Effekte 29.695 3/20/2020 EUR 73.370
Societe Generale Effekte 5.883 3/20/2020 EUR 73.250
Societe Generale Effekte 6.723 3/20/2020 EUR 71.970
Societe Generale Effekte 7.564 3/20/2020 EUR 70.740
Societe Generale Effekte 8.404 3/20/2020 EUR 69.600
Societe Generale Effekte 9.245 3/20/2020 EUR 68.520
Societe Generale Effekte 12.046 3/20/2020 EUR 65.780
Societe Generale Effekte 14.287 3/20/2020 EUR 64.430
Societe Generale Effekte 16.553 9/20/2019 EUR 76.200
Societe Generale Effekte 4.060 9/20/2019 EUR 40.490
Societe Generale Effekte 5.778 9/20/2019 EUR 37.700
Societe Generale Effekte 5.899 12/20/2019 EUR 42.110
Societe Generale Effekte 7.647 12/20/2019 EUR 39.780
Societe Generale Effekte 9.832 12/20/2019 EUR 38.010
Societe Generale Effekte 12.017 12/20/2019 EUR 36.590
Societe Generale Effekte 8.684 3/20/2020 EUR 41.330
Societe Generale Effekte 10.925 3/20/2020 EUR 39.930
Societe Generale Effekte 11.986 6/19/2020 EUR 44.040
Societe Generale Effekte 14.041 6/19/2020 EUR 42.710
Societe Generale Effekte 29.671 9/20/2019 EUR 55.890
Societe Generale Effekte 18.572 12/20/2019 EUR 70.950
Societe Generale Effekte 21.631 12/20/2019 EUR 68.740
Societe Generale Effekte 24.471 12/20/2019 EUR 66.780
Societe Generale Effekte 22.411 3/20/2020 EUR 72.180
Societe Generale Effekte 25.212 3/20/2020 EUR 70.630
Societe Generale Effekte 3.748 9/20/2019 EUR 72.870
Societe Generale Effekte 4.997 9/20/2019 EUR 69.800
Societe Generale Effekte 6.555 12/20/2019 EUR 71.620
Societe Generale Effekte 7.866 12/20/2019 EUR 69.370
Societe Generale Effekte 9.395 12/20/2019 EUR 67.310
Societe Generale Effekte 10.925 12/20/2019 EUR 65.450
Societe Generale Effekte 16.168 12/20/2019 EUR 61.110
Societe Generale Effekte 7.564 3/20/2020 EUR 72.880
Societe Generale Effekte 9.247 6/19/2020 EUR 72.980
Societe Generale Effekte 8.958 12/20/2019 EUR 72.110
Societe Generale Effekte 11.799 12/20/2019 EUR 69.170
Societe Generale Effekte 21.194 12/20/2019 EUR 62.800
Societe Generale Effekte 6.871 9/20/2019 EUR 69.270
Societe Generale Effekte 8.521 12/20/2019 EUR 71.620
Societe Generale Effekte 11.799 12/20/2019 EUR 68.010
Societe Generale Effekte 15.295 12/20/2019 EUR 65.100
Societe Generale Effekte 12.326 3/20/2020 EUR 70.950
Societe Generale Effekte 13.356 6/19/2020 EUR 72.360
SG Issuer SA 16.100 11/21/2019 EUR 75.550
Vontobel Financial Produ 11.500 3/27/2020 EUR 62.910
Landesbank Hessen-Thueri 6.150 3/11/2025 EUR 71.560
Commerzbank AG 18.750 9/27/2019 EUR 54.000
Commerzbank AG 14.250 10/25/2019 EUR 68.580
Commerzbank AG 10.250 1/24/2020 EUR 72.290
Commerzbank AG 12.250 1/24/2020 EUR 70.190
Commerzbank AG 14.750 10/25/2019 EUR 61.740
Commerzbank AG 6.250 1/24/2020 EUR 72.970
Commerzbank AG 8.250 1/24/2020 EUR 69.340
Commerzbank AG 10.250 1/24/2020 EUR 66.610
Commerzbank AG 12.250 1/24/2020 EUR 64.570
Commerzbank AG 5.000 2/1/2020 EUR 67.810
Landesbank Baden-Wuertte 6.000 7/24/2020 EUR 75.200
Landesbank Baden-Wuertte 6.000 7/24/2020 EUR 69.980
Landesbank Baden-Wuertte 4.500 7/24/2020 EUR 73.520
Landesbank Baden-Wuertte 3.000 7/24/2020 EUR 41.050
Landesbank Baden-Wuertte 5.000 7/24/2020 EUR 38.410
Vontobel Financial Produ 16.000 3/13/2020 EUR 71.410
Vontobel Financial Produ 14.000 1/3/2020 EUR 68.590
Vontobel Financial Produ 15.500 3/27/2020 EUR 67.830
Vontobel Financial Produ 18.000 3/13/2020 EUR 65.560
Vontobel Financial Produ 16.500 12/13/2019 EUR 67.330
Vontobel Financial Produ 13.000 3/27/2020 EUR 69.720
Vontobel Financial Produ 17.500 1/3/2020 EUR 66.310
Vontobel Financial Produ 7.000 3/13/2020 EUR 52.198
Vontobel Financial Produ 11.500 12/13/2019 EUR 51.800
HSBC Trinkaus & Burkhard 10.100 6/26/2020 EUR 70.150
HSBC Trinkaus & Burkhard 9.600 12/27/2019 EUR 72.230
HSBC Trinkaus & Burkhard 8.400 6/26/2020 EUR 67.180
HSBC Trinkaus & Burkhard 6.700 9/25/2020 EUR 70.030
HSBC Trinkaus & Burkhard 7.400 10/25/2019 EUR 67.410
HSBC Trinkaus & Burkhard 6.800 2/28/2020 EUR 69.440
HSBC Trinkaus & Burkhard 10.300 12/27/2019 EUR 66.090
HSBC Trinkaus & Burkhard 7.900 3/27/2020 EUR 70.060
HSBC Trinkaus & Burkhard 15.000 12/27/2019 EUR 32.440
HSBC Trinkaus & Burkhard 13.100 3/27/2020 EUR 34.860
HSBC Trinkaus & Burkhard 7.900 3/27/2020 EUR 36.520
HSBC Trinkaus & Burkhard 12.600 6/26/2020 EUR 37.510
HSBC Trinkaus & Burkhard 10.200 11/22/2019 EUR 33.680
HSBC Trinkaus & Burkhard 9.100 2/28/2020 EUR 35.530
HSBC Trinkaus & Burkhard 8.200 3/27/2020 EUR 67.640
HSBC Trinkaus & Burkhard 9.800 6/26/2020 EUR 65.670
DZ Bank AG Deutsche Zent 8.750 10/23/2019 EUR 29.090
DZ Bank AG Deutsche Zent 10.750 12/27/2019 EUR 38.280
Commerzbank AG 14.250 11/22/2019 EUR 71.630
HSBC Trinkaus & Burkhard 8.400 3/27/2020 EUR 73.030
HSBC Trinkaus & Burkhard 9.500 6/26/2020 EUR 71.570
HSBC Trinkaus & Burkhard 5.100 6/26/2020 EUR 47.860
HSBC Trinkaus & Burkhard 3.300 6/26/2020 EUR 52.060
HSBC Trinkaus & Burkhard 8.800 9/25/2020 EUR 44.890
HSBC Trinkaus & Burkhard 6.500 9/25/2020 EUR 46.920
HSBC Trinkaus & Burkhard 4.400 9/25/2020 EUR 50.400
HSBC Trinkaus & Burkhard 2.900 9/25/2020 EUR 54.860
HSBC Trinkaus & Burkhard 10.700 10/25/2019 EUR 37.900
HSBC Trinkaus & Burkhard 6.500 10/25/2019 EUR 41.940
HSBC Trinkaus & Burkhard 10.400 11/22/2019 EUR 38.520
HSBC Trinkaus & Burkhard 6.400 11/22/2019 EUR 42.260
HSBC Trinkaus & Burkhard 3.300 11/22/2019 EUR 47.600
HSBC Trinkaus & Burkhard 6.300 1/24/2020 EUR 43.010
HSBC Trinkaus & Burkhard 3.400 1/24/2020 EUR 47.830
HSBC Trinkaus & Burkhard 9.500 2/28/2020 EUR 40.470
HSBC Trinkaus & Burkhard 6.300 2/28/2020 EUR 43.480
HSBC Trinkaus & Burkhard 3.600 2/28/2020 EUR 48.100
HSBC Trinkaus & Burkhard 6.800 3/27/2020 EUR 71.560
HSBC Trinkaus & Burkhard 2.600 3/27/2020 EUR 51.350
HSBC Trinkaus & Burkhard 12.300 6/26/2020 EUR 41.910
HSBC Trinkaus & Burkhard 10.400 6/26/2020 EUR 42.660
HSBC Trinkaus & Burkhard 7.600 6/26/2020 EUR 44.560
BNP Paribas Emissions- u 17.000 9/26/2019 EUR 70.320
Commerzbank AG 18.000 9/27/2019 EUR 73.510
BNP Paribas Emissions- u 23.000 9/26/2019 EUR 71.410
BNP Paribas Emissions- u 9.000 9/26/2019 EUR 71.250
BNP Paribas Emissions- u 15.000 9/26/2019 EUR 64.320
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 72.400
BNP Paribas Emissions- u 10.000 12/30/2019 EUR 69.750
BNP Paribas Emissions- u 12.000 12/30/2019 EUR 67.080
BNP Paribas Emissions- u 13.000 3/26/2020 EUR 67.160
DekaBank Deutsche Giroze 6.250 1/23/2020 EUR 73.730
Commerzbank AG 11.500 9/27/2019 EUR 71.340
Commerzbank AG 13.500 9/27/2019 EUR 68.630
Commerzbank AG 15.500 9/27/2019 EUR 66.140
Commerzbank AG 18.000 9/27/2019 EUR 31.370
Commerzbank AG 11.500 12/31/2019 EUR 74.220
Commerzbank AG 13.500 12/31/2019 EUR 71.620
Commerzbank AG 12.750 9/27/2019 EUR 67.490
Commerzbank AG 10.500 12/31/2019 EUR 71.690
Commerzbank AG 8.000 9/27/2019 EUR 71.030
Landesbank Baden-Wuertte 4.200 1/3/2020 EUR 72.510
Credit Suisse AG/Nassau 8.000 9/13/2019 CHF 59.620
Banque Cantonale Vaudois 7.500 9/23/2019 CHF 59.230
Leonteq Securities AG/Gu 10.000 9/12/2019 CHF 37.470
UBS AG/London 9.750 9/16/2019 CHF 65.450
UBS AG/London 12.500 3/16/2020 CHF 41.200
UBS AG/London 10.250 3/16/2020 USD 59.500
UBS AG/London 12.250 9/16/2019 CHF 67.350
UBS AG/London 9.000 9/16/2019 CHF 55.400
UBS AG/London 7.500 3/16/2020 EUR 68.400
UBS AG/London 8.250 9/16/2019 CHF 67.100
Leonteq Securities AG/Gu 9.000 3/16/2020 CHF 51.370
Vontobel Financial Produ 7.200 3/13/2020 EUR 73.530
Vontobel Financial Produ 7.050 3/13/2020 EUR 68.290
Vontobel Financial Produ 14.500 12/13/2019 EUR 73.190
Vontobel Financial Produ 16.500 3/13/2020 EUR 68.460
Commerzbank AG 3.500 12/31/2019 EUR 58.810
Commerzbank AG 5.500 12/31/2019 EUR 49.760
Commerzbank AG 7.500 12/31/2019 EUR 43.900
Commerzbank AG 9.500 12/31/2019 EUR 40.330
Commerzbank AG 11.500 12/31/2019 EUR 38.050
Commerzbank AG 13.500 12/31/2019 EUR 36.570
Commerzbank AG 15.500 12/31/2019 EUR 35.640
Commerzbank AG 11.250 12/31/2019 EUR 71.970
Commerzbank AG 13.250 12/31/2019 EUR 69.640
Commerzbank AG 15.250 12/31/2019 EUR 67.120
Vontobel Financial Produ 12.000 1/3/2020 EUR 73.100
Vontobel Financial Produ 10.500 3/27/2020 EUR 71.660
Vontobel Financial Produ 12.500 3/27/2020 EUR 72.270
Vontobel Financial Produ 14.000 3/27/2020 EUR 67.610
Vontobel Financial Produ 7.500 3/27/2020 EUR 50.210
Vontobel Financial Produ 6.500 3/27/2020 EUR 52.440
Vontobel Financial Produ 14.000 1/3/2020 EUR 44.320
Vontobel Financial Produ 12.000 1/3/2020 EUR 45.910
Vontobel Financial Produ 10.000 1/3/2020 EUR 47.780
Vontobel Financial Produ 12.500 3/27/2020 EUR 46.180
Vontobel Financial Produ 10.500 3/27/2020 EUR 47.110
Vontobel Financial Produ 9.000 3/27/2020 EUR 48.540
Vontobel Financial Produ 8.500 1/3/2020 EUR 50.120
Vontobel Financial Produ 16.500 3/27/2020 EUR 69.440
Vontobel Financial Produ 21.000 1/3/2020 EUR 61.870
Vontobel Financial Produ 11.500 3/27/2020 EUR 57.770
Vontobel Financial Produ 8.000 3/27/2020 EUR 72.520
Vontobel Financial Produ 15.500 3/27/2020 EUR 63.490
Vontobel Financial Produ 15.000 3/27/2020 EUR 72.500
Vontobel Financial Produ 9.500 3/27/2020 EUR 57.910
Landesbank Baden-Wuertte 3.000 12/29/2020 EUR 48.560
Landesbank Baden-Wuertte 5.000 12/29/2020 EUR 44.900
Commerzbank AG 13.500 9/27/2019 EUR 72.130
Commerzbank AG 13.000 12/31/2019 EUR 71.960
Commerzbank AG 15.250 12/31/2019 EUR 73.750
Commerzbank AG 10.750 9/27/2019 EUR 70.510
Commerzbank AG 14.750 9/27/2019 EUR 64.940
Commerzbank AG 12.500 12/31/2019 EUR 68.600
Commerzbank AG 14.500 12/31/2019 EUR 66.000
Commerzbank AG 16.000 9/27/2019 EUR 72.870
Commerzbank AG 18.000 9/27/2019 EUR 70.230
Commerzbank AG 17.250 9/27/2019 EUR 73.580
Leonteq Securities AG/Gu 6.800 3/16/2020 CHF 64.330
DekaBank Deutsche Giroze 2.850 11/29/2019 EUR 65.080
Landesbank Hessen-Thueri 2.750 10/23/2020 EUR 71.700
UBS AG/London 10.250 3/23/2020 EUR 57.950
Bayerische Landesbank 3.300 10/18/2019 EUR 58.820
Bank Julius Baer & Co Lt 10.500 9/30/2019 USD 50.700
Commerzbank AG 16.500 9/27/2019 EUR 62.130
Commerzbank AG 19.000 9/27/2019 EUR 71.940
UniCredit Bank AG 3.500 9/19/2021 EUR 47.410
Bank Julius Baer & Co Lt 13.150 12/4/2019 CHF 69.100
Vontobel Financial Produ 5.500 3/27/2020 EUR 58.280
Vontobel Financial Produ 12.000 9/27/2019 EUR 65.440
Commerzbank AG 8.250 9/27/2019 EUR 64.430
Commerzbank AG 10.250 11/22/2019 EUR 60.320
DekaBank Deutsche Giroze 2.400 9/18/2020 EUR 71.480
DekaBank Deutsche Giroze 3.000 9/18/2020 EUR 64.710
DekaBank Deutsche Giroze 2.100 9/18/2020 EUR 72.150
Commerzbank AG 9.750 12/31/2019 EUR 64.120
Commerzbank AG 21.500 9/27/2019 EUR 60.300
EFG International Financ 7.000 2/15/2021 CHF 61.530
EFG International Financ 7.800 2/15/2021 EUR 55.380
EFG International Financ 7.800 2/16/2021 USD 60.360
Bayerische Landesbank 3.900 9/6/2019 EUR 60.960
Raiffeisen Schweiz Genos 7.000 2/12/2020 CHF 67.350
BNP Paribas Emissions- u 7.500 9/26/2019 EUR 64.850
BNP Paribas Emissions- u 3.000 9/26/2019 EUR 31.840
Landesbank Baden-Wuertte 2.900 11/22/2019 EUR 67.890
Landesbank Baden-Wuertte 3.500 11/22/2019 EUR 45.290
DekaBank Deutsche Giroze 3.500 8/21/2020 EUR 70.090
Landesbank Baden-Wuertte 2.750 9/23/2022 EUR 69.360
Zurcher Kantonalbank Fin 4.750 10/10/2019 CHF 69.730
DekaBank Deutsche Giroze 1.000 11/2/2021 EUR 68.170
UBS AG/London 5.600 9/26/2019 EUR 43.540
DekaBank Deutsche Giroze 2.500 11/2/2020 EUR 72.800
DekaBank Deutsche Giroze 3.200 11/1/2019 EUR 49.190
Leonteq Securities AG/Gu 8.000 10/2/2019 CHF 62.650
Landesbank Baden-Wuertte 3.250 7/24/2020 EUR 71.160
Landesbank Baden-Wuertte 2.500 7/24/2020 EUR 70.670
Landesbank Baden-Wuertte 3.500 7/24/2020 EUR 62.100
Bayerische Landesbank 2.100 10/8/2021 EUR 72.330
Bayerische Landesbank 2.100 10/9/2020 EUR 70.350
Bayerische Landesbank 3.100 10/9/2020 EUR 56.550
UBS AG/London 7.500 10/4/2019 EUR 60.450
UBS AG/London 13.250 10/4/2019 CHF 59.550
UBS AG/London 7.250 10/4/2019 CHF 65.600
EFG International Financ 8.400 10/18/2019 EUR 52.780
Vontobel Financial Produ 4.300 11/11/2019 EUR 46.720
Bank Julius Baer & Co Lt 6.250 10/5/2020 CHF 65.200
Societe Generale SA 10.650 10/27/2022 USD 68.500
Leonteq Securities AG/Gu 7.000 4/16/2020 CHF 39.750
Raiffeisen Schweiz Genos 5.750 10/16/2019 USD 33.910
Raiffeisen Schweiz Genos 5.000 10/16/2019 CHF 33.890
UniCredit Bank AG 3.000 11/12/2022 EUR 69.640
Landesbank Baden-Wuertte 2.550 12/27/2021 EUR 70.930
Landesbank Baden-Wuertte 2.500 12/27/2021 EUR 71.910
Raiffeisen Switzerland B 7.000 7/11/2024 USD 60.920
Raiffeisen Schweiz Genos 9.000 10/12/2020 CHF 57.660
DZ Bank AG Deutsche Zent 3.000 10/30/2019 EUR 72.770
Barclays Bank PLC 13.500 10/16/2020 EUR 57.410
Landesbank Hessen-Thueri 4.000 11/10/2021 EUR 58.270
DekaBank Deutsche Giroze 2.000 11/2/2020 EUR 67.730
EFG International Financ 7.200 10/26/2020 USD 44.820
Raiffeisen Centrobank AG 6.316 12/27/2019 EUR 75.170
Leonteq Securities AG/Gu 6.000 10/23/2019 CHF 55.340
Zurcher Kantonalbank Fin 7.250 10/19/2020 CHF 64.410
Landesbank Hessen-Thueri 5.100 2/17/2023 EUR 50.680
DekaBank Deutsche Giroze 4.050 11/6/2020 EUR 74.860
UniCredit Bank AG 4.850 11/1/2020 EUR 55.030
Landesbank Hessen-Thueri 5.450 11/17/2022 EUR 51.180
UniCredit Bank AG 8.600 1/3/2020 EUR 57.540
UniCredit Bank AG 11.700 1/3/2020 EUR 50.350
UniCredit Bank AG 12.100 1/3/2020 EUR 35.630
UniCredit Bank AG 13.200 1/3/2020 EUR 72.150
UniCredit Bank AG 10.300 1/3/2020 EUR 64.780
UniCredit Bank AG 7.500 1/3/2020 EUR 71.390
UniCredit Bank AG 4.300 1/3/2020 EUR 72.560
UniCredit Bank AG 7.000 1/3/2020 EUR 72.820
UniCredit Bank AG 8.300 1/3/2020 EUR 63.470
UniCredit Bank AG 6.800 1/3/2020 EUR 68.860
UniCredit Bank AG 6.300 1/3/2020 EUR 59.930
UniCredit Bank AG 11.900 1/3/2020 EUR 60.090
UniCredit Bank AG 9.800 1/3/2020 EUR 62.840
UniCredit Bank AG 11.600 1/3/2020 EUR 59.310
UniCredit Bank AG 3.400 1/3/2020 EUR 53.210
UniCredit Bank AG 8.900 1/3/2020 EUR 67.280
UniCredit Bank AG 8.000 1/3/2020 EUR 69.110
UniCredit Bank AG 9.800 1/3/2020 EUR 63.450
UniCredit Bank AG 7.500 1/3/2020 EUR 53.760
UniCredit Bank AG 8.700 1/3/2020 EUR 70.370
UniCredit Bank AG 3.100 1/3/2020 EUR 66.090
UniCredit Bank AG 6.300 1/3/2020 EUR 50.760
UniCredit Bank AG 7.300 1/3/2020 EUR 40.480
UniCredit Bank AG 6.000 1/3/2020 EUR 42.710
UniCredit Bank AG 8.800 1/3/2020 EUR 38.670
UniCredit Bank AG 6.800 1/3/2020 EUR 58.000
UniCredit Bank AG 7.100 1/3/2020 EUR 46.100
UniCredit Bank AG 4.700 1/3/2020 EUR 53.940
UniCredit Bank AG 3.300 1/3/2020 EUR 61.410
UniCredit Bank AG 6.500 1/3/2020 EUR 42.800
UniCredit Bank AG 4.300 1/3/2020 EUR 51.520
UniCredit Bank AG 5.400 1/3/2020 EUR 46.660
UniCredit Bank AG 7.800 1/3/2020 EUR 71.570
UniCredit Bank AG 10.000 1/3/2020 EUR 42.910
UniCredit Bank AG 13.000 1/3/2020 EUR 52.150
UniCredit Bank AG 5.900 1/3/2020 EUR 50.950
UniCredit Bank AG 4.000 1/3/2020 EUR 66.720
UniCredit Bank AG 5.000 1/3/2020 EUR 4.300
UniCredit Bank AG 11.900 1/3/2020 EUR 62.750
UniCredit Bank AG 8.600 1/3/2020 EUR 45.220
DekaBank Deutsche Giroze 3.000 6/26/2020 EUR 68.760
UniCredit Bank AG 13.700 1/3/2020 EUR 68.700
UniCredit Bank AG 6.300 1/3/2020 EUR 65.210
UniCredit Bank AG 5.100 1/3/2020 EUR 67.720
UniCredit Bank AG 6.900 1/3/2020 EUR 66.700
UniCredit Bank AG 3.200 1/3/2020 EUR 72.020
UniCredit Bank AG 8.200 1/3/2020 EUR 66.350
UniCredit Bank AG 11.600 1/3/2020 EUR 59.210
UniCredit Bank AG 5.400 1/3/2020 EUR 71.030
UniCredit Bank AG 9.800 1/3/2020 EUR 61.470
UniCredit Bank AG 6.100 1/3/2020 EUR 72.770
UniCredit Bank AG 11.000 1/3/2020 EUR 40.010
UniCredit Bank AG 3.800 1/3/2020 EUR 63.570
UniCredit Bank AG 5.400 1/3/2020 EUR 73.350
UniCredit Bank AG 5.200 1/3/2020 EUR 63.840
UniCredit Bank AG 7.200 1/3/2020 EUR 51.790
UniCredit Bank AG 7.100 1/3/2020 EUR 57.910
UniCredit Bank AG 6.100 1/3/2020 EUR 65.170
UniCredit Bank AG 7.900 1/3/2020 EUR 60.430
UniCredit Bank AG 7.100 1/3/2020 EUR 74.850
UniCredit Bank AG 6.900 1/3/2020 EUR 50.690
UniCredit Bank AG 3.400 1/3/2020 EUR 67.020
UniCredit Bank AG 12.200 1/3/2020 EUR 40.240
UniCredit Bank AG 12.100 1/3/2020 EUR 64.210
UniCredit Bank AG 10.300 1/3/2020 EUR 53.440
UniCredit Bank AG 5.200 1/3/2020 EUR 69.320
UniCredit Bank AG 6.800 1/3/2020 EUR 47.520
UniCredit Bank AG 9.600 1/3/2020 EUR 42.390
UniCredit Bank AG 11.000 1/3/2020 EUR 66.510
UniCredit Bank AG 8.500 1/3/2020 EUR 61.860
UniCredit Bank AG 6.300 1/3/2020 EUR 66.260
UniCredit Bank AG 8.700 1/3/2020 EUR 60.730
UniCredit Bank AG 7.200 1/3/2020 EUR 63.860
UniCredit Bank AG 11.200 1/3/2020 EUR 50.630
UniCredit Bank AG 6.400 1/3/2020 EUR 71.730
UniCredit Bank AG 10.600 1/3/2020 EUR 61.010
UniCredit Bank AG 7.600 1/3/2020 EUR 67.380
UniCredit Bank AG 3.900 1/3/2020 EUR 55.300
UniCredit Bank AG 10.300 1/3/2020 EUR 46.020
UniCredit Bank AG 8.400 1/3/2020 EUR 44.440
UniCredit Bank AG 8.000 1/3/2020 EUR 47.680
UniCredit Bank AG 12.900 1/3/2020 EUR 48.580
UniCredit Bank AG 11.900 1/3/2020 EUR 48.570
UniCredit Bank AG 3.600 1/3/2020 EUR 58.390
UniCredit Bank AG 7.600 1/3/2020 EUR 60.010
UniCredit Bank AG 10.600 1/3/2020 EUR 73.750
UniCredit Bank AG 9.100 1/3/2020 EUR 55.980
UniCredit Bank AG 13.000 1/3/2020 EUR 29.320
UniCredit Bank AG 4.000 1/3/2020 EUR 44.820
UniCredit Bank AG 8.800 1/3/2020 EUR 33.540
UniCredit Bank AG 9.900 1/3/2020 EUR 55.590
UniCredit Bank AG 10.100 1/3/2020 EUR 64.940
UniCredit Bank AG 8.100 1/3/2020 EUR 58.660
UniCredit Bank AG 6.000 1/3/2020 EUR 38.610
UniCredit Bank AG 4.100 1/3/2020 EUR 74.260
UniCredit Bank AG 10.900 1/3/2020 EUR 55.390
UniCredit Bank AG 4.300 1/3/2020 EUR 69.360
UniCredit Bank AG 8.700 1/3/2020 EUR 59.570
UniCredit Bank AG 6.500 1/3/2020 EUR 62.360
UniCredit Bank AG 6.500 1/3/2020 EUR 73.060
UniCredit Bank AG 5.600 1/3/2020 EUR 67.910
UniCredit Bank AG 4.200 1/3/2020 EUR 38.150
UniCredit Bank AG 8.600 1/3/2020 EUR 30.590
UniCredit Bank AG 9.900 1/3/2020 EUR 60.500
UniCredit Bank AG 7.100 1/3/2020 EUR 72.460
UniCredit Bank AG 3.500 1/3/2020 EUR 68.340
UniCredit Bank AG 4.200 1/3/2020 EUR 68.380
UniCredit Bank AG 5.300 1/3/2020 EUR 59.990
UniCredit Bank AG 4.600 1/3/2020 EUR 48.690
UniCredit Bank AG 4.700 1/3/2020 EUR 54.800
UniCredit Bank AG 10.000 1/3/2020 EUR 51.750
UniCredit Bank AG 3.200 1/3/2020 EUR 69.920
UniCredit Bank AG 6.700 1/3/2020 EUR 68.890
UniCredit Bank AG 6.600 1/3/2020 EUR 49.550
UniCredit Bank AG 4.200 1/3/2020 EUR 57.660
UniCredit Bank AG 5.700 1/3/2020 EUR 73.150
UniCredit Bank AG 12.900 1/3/2020 EUR 32.060
UniCredit Bank AG 8.700 1/3/2020 EUR 69.340
UniCredit Bank AG 10.900 1/3/2020 EUR 34.270
UniCredit Bank AG 5.900 1/3/2020 EUR 71.150
UniCredit Bank AG 5.100 1/3/2020 EUR 60.270
UniCredit Bank AG 12.500 1/3/2020 EUR 42.800
UniCredit Bank AG 6.800 1/3/2020 EUR 62.270
UniCredit Bank AG 10.500 1/3/2020 EUR 53.710
UniCredit Bank AG 5.300 1/3/2020 EUR 69.280
UniCredit Bank AG 11.600 1/3/2020 EUR 54.350
UniCredit Bank AG 7.500 1/3/2020 EUR 47.300
UniCredit Bank AG 4.400 1/3/2020 EUR 55.460
UniCredit Bank AG 8.000 1/3/2020 EUR 61.370
UniCredit Bank AG 7.700 1/3/2020 EUR 62.350
UniCredit Bank AG 9.900 1/3/2020 EUR 56.280
UniCredit Bank AG 10.200 1/3/2020 EUR 56.880
UniCredit Bank AG 6.200 1/3/2020 EUR 62.870
UniCredit Bank AG 4.100 1/3/2020 EUR 73.630
UniCredit Bank AG 4.900 1/3/2020 EUR 71.720
Landesbank Hessen-Thueri 8.600 11/17/2022 EUR 52.250
Landesbank Baden-Wuertte 3.000 12/29/2020 EUR 62.420
Landesbank Baden-Wuertte 3.000 12/29/2020 EUR 63.590
Landesbank Baden-Wuertte 3.600 12/29/2020 EUR 59.280
Landesbank Baden-Wuertte 4.400 12/29/2020 EUR 53.670
UniCredit Bank AG 4.250 11/21/2021 EUR 56.940
UniCredit Bank AG 4.200 11/21/2021 EUR 58.320
UniCredit Bank AG 3.700 11/21/2021 EUR 69.610
UniCredit Bank AG 4.350 11/21/2021 EUR 47.790
UniCredit Bank AG 4.050 11/21/2021 EUR 66.420
Leonteq Securities AG/Gu 8.200 10/23/2019 CHF 54.270
Leonteq Securities AG/Gu 6.200 10/23/2019 CHF 58.900
DekaBank Deutsche Giroze 1.400 11/15/2019 EUR 73.390
DekaBank Deutsche Giroze 2.300 11/13/2020 EUR 64.360
UBS AG/London 6.250 10/18/2019 EUR 58.600
Corner Banca SA 8.800 10/30/2019 CHF 55.470
UBS AG/London 12.000 10/18/2019 CHF 54.100
UBS AG/London 9.500 4/20/2020 CHF 64.250
UBS AG/London 10.000 10/18/2019 CHF 59.300
UBS AG/London 9.000 10/18/2019 EUR 67.550
EFG International Financ 7.200 11/2/2020 EUR 55.950
Raiffeisen Switzerland B 4.440 4/19/2021 EUR 70.490
Landesbank Hessen-Thueri 4.000 11/24/2021 EUR 56.290
BNP Paribas Issuance BV 6.800 10/21/2019 EUR
Zurcher Kantonalbank Fin 8.000 10/31/2019 CHF 14.790
Landesbank Baden-Wuertte 2.800 7/24/2020 EUR 70.850
UniCredit Bank AG 3.700 5/28/2021 EUR 65.510
Corner Banca SA 10.000 11/6/2019 CHF 65.010
Landesbank Hessen-Thueri 2.200 11/24/2020 EUR 51.650
BNP Paribas Issuance BV 6.800 10/21/2019 EUR 55.950
Landesbank Baden-Wuertte 3.000 9/25/2020 EUR 71.850
DZ Bank AG Deutsche Zent 5.100 12/4/2019 EUR 65.030
UBS AG/London 5.700 1/2/2020 EUR 53.680
UBS AG/London 5.600 9/26/2019 EUR 45.740
UBS AG/London 4.000 1/2/2020 EUR 55.710
EFG International Financ 7.400 12/21/2020 USD 54.910
UBS AG/London 7.250 12/6/2019 CHF 59.250
UBS AG/London 8.500 12/6/2019 CHF 63.400
UBS AG/London 7.000 12/6/2019 CHF 66.200
UBS AG/London 9.500 12/6/2019 EUR 50.900
UBS AG/London 7.750 6/8/2020 CHF 73.800
DekaBank Deutsche Giroze 2.900 1/4/2021 EUR 61.950
DekaBank Deutsche Giroze 2.100 1/4/2021 EUR 55.200
Zurcher Kantonalbank Fin 5.000 12/14/2020 EUR 66.480
Leonteq Securities AG/Gu 7.000 12/15/2020 CHF 70.210
Leonteq Securities AG/Gu 7.400 12/18/2019 EUR 61.870
Raiffeisen Schweiz Genos 9.000 12/18/2019 CHF 44.740
Raiffeisen Schweiz Genos 6.250 12/18/2019 CHF 27.660
Vontobel Financial Produ 5.400 1/6/2020 EUR 41.420
Leonteq Securities AG/Gu 7.400 12/15/2020 CHF 73.140
Leonteq Securities AG/Gu 7.000 12/15/2020 EUR 67.990
Leonteq Securities AG/Gu 8.400 12/18/2019 CHF 28.590
Commerzbank AG 3.250 12/10/2019 USD 55.070
Landesbank Baden-Wuertte 2.000 2/25/2022 EUR 74.070
Landesbank Baden-Wuertte 2.200 2/25/2022 EUR 73.030
Natixis SA 3.000 12/11/2019 USD 41.473
Leonteq Securities AG/Gu 8.000 7/22/2020 CHF 57.760
Raiffeisen Schweiz Genos 6.450 1/22/2020 CHF 56.230
Raiffeisen Schweiz Genos 5.500 1/22/2020 CHF 62.390
Raiffeisen Schweiz Genos 10.020 1/15/2020 EUR 61.420
Leonteq Securities AG/Gu 8.000 1/17/2020 CHF 37.680
Bank Julius Baer & Co Lt 8.800 1/24/2020 EUR 51.500
UniCredit Bank AG 4.200 2/12/2021 EUR 59.900
UniCredit Bank AG 4.400 2/12/2021 EUR 49.890
UniCredit Bank AG 5.000 2/12/2021 EUR 62.320
UniCredit Bank AG 5.900 2/12/2021 EUR 68.760
Raiffeisen Schweiz Genos 7.000 1/15/2020 CHF 69.620
Raiffeisen Schweiz Genos 5.300 1/15/2020 CHF 69.940
UniCredit Bank AG 4.550 2/12/2021 EUR 56.060
UBS AG/London 4.000 7/6/2021 EUR 64.840
Bayerische Landesbank 2.200 8/20/2021 EUR 70.980
Landesbank Baden-Wuertte 3.100 3/26/2021 EUR 64.840
Landesbank Baden-Wuertte 3.000 3/26/2021 EUR 69.840
Landesbank Baden-Wuertte 3.550 3/26/2021 EUR 70.490
Landesbank Baden-Wuertte 3.000 3/26/2021 EUR 59.360
Landesbank Baden-Wuertte 2.750 10/25/2019 EUR 71.680
Landesbank Baden-Wuertte 3.000 10/25/2019 EUR 64.290
Landesbank Baden-Wuertte 3.650 10/25/2019 EUR 54.080
Landesbank Baden-Wuertte 3.600 10/25/2019 EUR 46.240
Zurcher Kantonalbank Fin 3.500 1/23/2020 CHF 22.420
Deutsche Bank AG 6.200 12/24/2019 EUR 66.310
Deutsche Bank AG 6.200 12/24/2019 EUR 62.930
Deutsche Bank AG 6.200 12/24/2019 EUR 70.810
Deutsche Bank AG 6.200 12/24/2019 EUR 67.000
Deutsche Bank AG 6.200 12/24/2019 EUR 42.800
Deutsche Bank AG 6.200 12/24/2019 EUR 41.200
Deutsche Bank AG 6.200 12/24/2019 EUR 39.700
Deutsche Bank AG 6.200 12/24/2019 EUR 46.460
Deutsche Bank AG 6.200 12/24/2019 EUR 44.680
Deutsche Bank AG 6.200 12/24/2019 EUR 43.040
Deutsche Bank AG 6.200 12/24/2019 EUR 59.880
Deutsche Bank AG 6.200 12/24/2019 EUR 56.030
Deutsche Bank AG 6.200 12/24/2019 EUR 47.200
Deutsche Bank AG 6.200 12/24/2019 EUR 73.890
Deutsche Bank AG 6.200 12/24/2019 EUR 70.480
Deutsche Bank AG 6.200 12/24/2019 EUR 73.000
Deutsche Bank AG 6.200 12/24/2019 EUR 69.100
Deutsche Bank AG 6.200 12/24/2019 EUR 65.500
Deutsche Bank AG 6.200 12/24/2019 EUR 72.560
Deutsche Bank AG 6.200 12/24/2019 EUR 69.330
Deutsche Bank AG 6.200 12/24/2019 EUR 66.370
Deutsche Bank AG 6.200 12/24/2019 EUR 64.530
Deutsche Bank AG 6.200 12/24/2019 EUR 68.900
Deutsche Bank AG 6.200 12/24/2019 EUR 65.400
Deutsche Bank AG 6.200 12/24/2019 EUR 73.600
Deutsche Bank AG 6.200 12/24/2019 EUR 67.540
Deutsche Bank AG 6.200 12/24/2019 EUR 64.830
Deutsche Bank AG 6.200 12/24/2019 EUR 62.330
Deutsche Bank AG 6.200 12/24/2019 EUR 60.010
Deutsche Bank AG 6.200 12/24/2019 EUR 49.130
Deutsche Bank AG 6.200 12/24/2019 EUR 47.510
Deutsche Bank AG 6.200 12/24/2019 EUR 46.000
Deutsche Bank AG 6.200 12/24/2019 EUR 42.700
Deutsche Bank AG 6.200 12/24/2019 EUR 41.300
Deutsche Bank AG 6.200 12/24/2019 EUR 40.000
Deutsche Bank AG 6.200 12/24/2019 EUR 72.170
Deutsche Bank AG 6.200 12/24/2019 EUR 44.890
Deutsche Bank AG 6.200 12/24/2019 EUR 43.180
Deutsche Bank AG 6.200 12/24/2019 EUR 41.600
Deutsche Bank AG 5.200 12/24/2019 EUR 65.980
Deutsche Bank AG 5.200 12/24/2019 EUR 70.480
Deutsche Bank AG 5.200 12/24/2019 EUR 42.500
Deutsche Bank AG 5.200 12/24/2019 EUR 46.120
Deutsche Bank AG 5.200 12/24/2019 EUR 44.340
Deutsche Bank AG 5.200 12/24/2019 EUR 59.550
Deutsche Bank AG 5.200 12/24/2019 EUR 46.860
Deutsche Bank AG 5.200 12/24/2019 EUR 73.550
Deutsche Bank AG 5.200 12/24/2019 EUR 72.600
Deutsche Bank AG 5.200 12/24/2019 EUR 72.220
Deutsche Bank AG 5.200 12/24/2019 EUR 68.990
Deutsche Bank AG 5.200 12/24/2019 EUR 68.600
Deutsche Bank AG 5.200 12/24/2019 EUR 67.190
Deutsche Bank AG 5.200 12/24/2019 EUR 64.490
Deutsche Bank AG 5.200 12/24/2019 EUR 48.800
Deutsche Bank AG 5.200 12/24/2019 EUR 47.170
Deutsche Bank AG 5.200 12/24/2019 EUR 42.400
Deutsche Bank AG 5.200 12/24/2019 EUR 44.560
Landesbank Baden-Wuertte 2.650 1/27/2023 EUR 65.100
Landesbank Baden-Wuertte 2.750 10/23/2020 EUR 69.530
Leonteq Securities AG/Gu 5.500 1/30/2020 CHF 55.460
Raiffeisen Schweiz Genos 7.840 1/22/2020 CHF 58.720
UBS AG/London 5.500 1/17/2020 CHF 60.400
UBS AG/London 6.250 1/17/2020 CHF 35.100
UBS AG/London 6.750 1/17/2020 CHF 60.850
UniCredit Bank AG 4.130 2/13/2022 EUR 60.240
EFG International Financ 8.000 2/1/2021 CHF 72.940
Landesbank Hessen-Thueri 7.600 2/16/2023 EUR 72.630
Landesbank Hessen-Thueri 6.500 2/16/2023 EUR 68.650
Zurcher Kantonalbank Fin 5.265 1/17/2020 CHF 65.880
Raiffeisen Schweiz Genos 6.800 1/29/2020 CHF 69.870
Raiffeisen Schweiz Genos 6.250 1/29/2020 CHF 62.430
DekaBank Deutsche Giroze 2.900 2/14/2020 EUR 65.060
DekaBank Deutsche Giroze 2.000 2/12/2021 EUR 68.900
DekaBank Deutsche Giroze 2.800 2/12/2021 EUR 60.590
Leonteq Securities AG/Gu 8.200 1/29/2020 EUR 46.930
Leonteq Securities AG/Gu 7.200 7/29/2020 CHF 69.690
Landesbank Hessen-Thueri 3.000 8/26/2020 EUR 71.100
Landesbank Hessen-Thueri 4.000 8/26/2020 EUR 50.900
Landesbank Hessen-Thueri 5.200 2/23/2022 EUR 72.780
Raiffeisen Centrobank AG 9.940 12/27/2019 EUR 55.720
Raiffeisen Centrobank AG 5.665 12/27/2019 EUR 50.730
Landesbank Baden-Wuertte 2.400 2/25/2022 EUR 73.920
Landesbank Baden-Wuertte 2.400 2/25/2022 EUR 70.340
Zurcher Kantonalbank Fin 5.750 1/30/2020 CHF 23.120
UniCredit Bank AG 3.250 2/27/2022 EUR 59.590
Vontobel Financial Produ 5.250 2/21/2020 EUR 50.170
EFG International Financ 7.000 2/8/2021 CHF 66.100
EFG International Financ 7.200 2/8/2021 EUR 69.010
EFG International Financ 8.600 2/7/2020 USD 37.290
Leonteq Securities AG/Gu 8.000 8/5/2020 CHF 72.290
Leonteq Securities AG/Gu 9.000 8/5/2020 USD 58.610
Leonteq Securities AG/Gu 10.000 2/5/2020 EUR 48.770
Landesbank Hessen-Thueri 7.900 6/2/2023 EUR 72.050
Raiffeisen Schweiz Genos 7.500 2/5/2020 CHF 67.130
Landesbank Hessen-Thueri 5.700 6/2/2023 EUR 63.650
Leonteq Securities AG/Gu 7.000 2/5/2020 CHF 24.800
Raiffeisen Schweiz Genos 6.070 1/29/2020 CHF 61.290
UniCredit Bank AG 12.900 1/3/2020 EUR 57.010
UniCredit Bank AG 4.100 1/3/2020 EUR 70.030
UniCredit Bank AG 5.300 1/3/2020 EUR 51.860
UniCredit Bank AG 14.000 1/3/2020 EUR 37.760
UniCredit Bank AG 7.900 1/3/2020 EUR 73.010
UniCredit Bank AG 8.100 1/3/2020 EUR 62.440
UniCredit Bank AG 14.500 1/3/2020 EUR 54.010
UniCredit Bank AG 5.500 1/3/2020 EUR 65.710
UniCredit Bank AG 6.100 1/3/2020 EUR 67.000
UniCredit Bank AG 4.100 1/3/2020 EUR 71.650
UniCredit Bank AG 14.400 1/3/2020 EUR 70.160
UniCredit Bank AG 10.400 1/3/2020 EUR 41.750
UniCredit Bank AG 8.800 1/3/2020 EUR 57.560
UniCredit Bank AG 5.200 1/3/2020 EUR 50.300
UniCredit Bank AG 11.200 1/3/2020 EUR 53.760
UniCredit Bank AG 5.200 1/3/2020 EUR 61.140
UniCredit Bank AG 4.800 1/3/2020 EUR 64.560
UniCredit Bank AG 6.000 1/3/2020 EUR 68.380
UniCredit Bank AG 10.900 1/3/2020 EUR 36.370
UniCredit Bank AG 7.800 1/3/2020 EUR 55.850
UniCredit Bank AG 4.600 1/3/2020 EUR 58.590
UniCredit Bank AG 14.700 1/3/2020 EUR 36.660
UniCredit Bank AG 9.300 1/3/2020 EUR 72.150
UniCredit Bank AG 4.700 1/3/2020 EUR 48.910
UniCredit Bank AG 5.700 1/3/2020 EUR 56.940
UniCredit Bank AG 8.600 1/3/2020 EUR 44.900
UniCredit Bank AG 10.500 1/3/2020 EUR 46.290
UniCredit Bank AG 12.700 1/3/2020 EUR 43.330
UniCredit Bank AG 14.900 1/3/2020 EUR 40.990
UniCredit Bank AG 13.100 1/3/2020 EUR 71.540
UniCredit Bank AG 4.800 1/3/2020 EUR 73.110
UniCredit Bank AG 6.200 1/3/2020 EUR 65.670
UniCredit Bank AG 4.400 1/3/2020 EUR 35.330
UniCredit Bank AG 8.300 1/3/2020 EUR 67.650
UniCredit Bank AG 6.100 1/3/2020 EUR 69.440
UniCredit Bank AG 10.200 1/3/2020 EUR 60.950
UniCredit Bank AG 7.400 1/3/2020 EUR 71.260
UniCredit Bank AG 9.800 1/3/2020 EUR 66.760
UniCredit Bank AG 8.100 1/3/2020 EUR 59.440
UniCredit Bank AG 14.800 1/3/2020 EUR 55.880
UniCredit Bank AG 10.100 1/3/2020 EUR 66.060
UniCredit Bank AG 11.500 1/3/2020 EUR 65.570
UniCredit Bank AG 10.300 1/3/2020 EUR 63.730
UniCredit Bank AG 5.900 1/3/2020 EUR 70.820
UniCredit Bank AG 7.800 1/3/2020 EUR 64.280
UniCredit Bank AG 4.300 1/3/2020 EUR 46.460
UniCredit Bank AG 8.000 1/3/2020 EUR 67.150
UniCredit Bank AG 12.200 1/3/2020 EUR 55.470
UniCredit Bank AG 5.800 1/3/2020 EUR 57.830
UniCredit Bank AG 7.900 1/3/2020 EUR 64.100
UniCredit Bank AG 9.900 1/3/2020 EUR 59.850
UniCredit Bank AG 6.100 1/3/2020 EUR 71.880
UniCredit Bank AG 4.600 1/3/2020 EUR 64.270
UniCredit Bank AG 8.900 1/3/2020 EUR 50.740
UniCredit Bank AG 5.800 1/3/2020 EUR 18.090
UniCredit Bank AG 6.500 1/3/2020 EUR 58.710
UniCredit Bank AG 4.900 1/3/2020 EUR 47.200
UniCredit Bank AG 13.800 1/3/2020 EUR 42.980
UniCredit Bank AG 7.500 1/3/2020 EUR 46.260
UniCredit Bank AG 8.000 1/3/2020 EUR 71.800
UniCredit Bank AG 14.700 1/3/2020 EUR 73.380
UniCredit Bank AG 13.600 1/3/2020 EUR 35.600
UniCredit Bank AG 6.900 1/3/2020 EUR 64.870
UniCredit Bank AG 13.900 1/3/2020 EUR 51.510
UniCredit Bank AG 5.100 1/3/2020 EUR 45.510
UniCredit Bank AG 11.600 1/3/2020 EUR 63.620
UniCredit Bank AG 7.800 1/3/2020 EUR 70.250
UniCredit Bank AG 14.200 1/3/2020 EUR 33.880
UniCredit Bank AG 6.400 1/3/2020 EUR 68.390
UniCredit Bank AG 8.900 1/3/2020 EUR 48.230
UniCredit Bank AG 5.900 1/3/2020 EUR 59.140
UniCredit Bank AG 6.400 1/3/2020 EUR 57.820
UniCredit Bank AG 13.700 1/3/2020 EUR 60.610
UniCredit Bank AG 11.200 1/3/2020 EUR 38.240
UniCredit Bank AG 8.300 1/3/2020 EUR 64.080
UniCredit Bank AG 14.800 1/3/2020 EUR 54.650
Leonteq Securities AG/Gu 7.500 2/6/2020 CHF 57.160
Leonteq Securities AG 3.800 2/15/2021 CHF 40.040
UBS AG/London 6.000 1/31/2020 CHF 58.250
UBS AG/London 5.250 1/31/2020 CHF 33.150
UBS AG/London 6.500 7/31/2020 CHF 56.200
UBS AG/London 6.750 7/31/2020 CHF 59.600
UBS AG/London 7.250 1/31/2020 EUR 71.400
UBS AG/London 5.500 1/31/2020 EUR 58.550
UBS AG/London 7.500 7/31/2020 EUR 41.050
UBS AG/London 6.000 1/31/2020 EUR 55.350
UBS AG/London 7.250 1/31/2020 EUR 64.350
UBS AG/London 6.500 1/31/2020 USD 42.500
Raiffeisen Centrobank AG 5.450 3/3/2020 EUR 63.920
Landesbank Baden-Wuertte 3.000 6/24/2022 EUR 72.650
Landesbank Baden-Wuertte 3.100 7/24/2020 EUR 61.620
Landesbank Baden-Wuertte 3.500 8/28/2020 EUR 69.980
Landesbank Baden-Wuertte 3.050 7/24/2020 EUR 65.760
Landesbank Baden-Wuertte 3.650 11/22/2019 EUR 56.620
Erste Group Bank AG 6.000 6/28/2022 EUR 69.800
DekaBank Deutsche Giroze 2.200 6/26/2020 EUR 72.970
Landesbank Hessen-Thueri 3.000 9/11/2019 EUR 75.000
Leonteq Securities AG/Gu 5.200 6/12/2020 CHF 59.600
Commerzbank AG 6.000 6/6/2022 USD 0.150
Zurcher Kantonalbank Fin 8.500 9/19/2019 CHF 68.020
Citigroup Global Markets 5.600 9/15/2022 SEK 59.140
Societe Generale SA 10.600 9/29/2022 USD 70.320
DekaBank Deutsche Giroze 2.100 10/9/2020 EUR 69.910
DekaBank Deutsche Giroze 3.300 10/11/2019 EUR 55.740
DekaBank Deutsche Giroze 2.200 10/9/2020 EUR 67.810
DekaBank Deutsche Giroze 2.400 10/9/2020 EUR 60.690
DekaBank Deutsche Giroze 2.600 10/9/2020 EUR 71.570
DekaBank Deutsche Giroze 2.900 10/9/2020 EUR 39.010
Commerzbank AG 1.580 9/16/2024 USD 3.490
UBS AG/London 9.500 9/13/2019 CHF 57.350
UBS AG/London 7.250 9/13/2019 EUR 62.600
Zurcher Kantonalbank Fin 7.750 9/26/2019 EUR 64.500
Leonteq Securities AG/Gu 6.400 10/9/2019 CHF 55.630
EFG International Financ 6.600 9/28/2020 EUR 68.390
Leonteq Securities AG/Gu 5.400 9/25/2019 CHF 63.050
DekaBank Deutsche Giroze 2.000 10/9/2020 EUR 66.590
DekaBank Deutsche Giroze 2.750 10/11/2019 EUR 65.700
UniCredit Bank AG 5.400 10/30/2020 EUR 52.410
Landesbank Hessen-Thueri 7.700 1/20/2023 EUR 59.490
Landesbank Hessen-Thueri 7.000 10/20/2022 EUR 65.520
Zurcher Kantonalbank Fin 7.500 9/26/2019 CHF 72.220
Landesbank Baden-Wuertte 2.350 6/26/2020 EUR 74.180
Landesbank Baden-Wuertte 3.700 6/26/2020 EUR 63.420
Landesbank Baden-Wuertte 3.600 6/26/2020 EUR 69.480
EFG International Financ 6.600 10/5/2020 EUR 70.280
EFG International Financ 7.200 10/5/2020 USD 43.310
DekaBank Deutsche Giroze 2.250 10/16/2020 EUR 65.480
DekaBank Deutsche Giroze 2.000 10/16/2020 EUR 46.970
Leonteq Securities AG/Gu 7.000 9/29/2020 CHF 67.000
Leonteq Securities AG/Gu 8.000 9/29/2020 EUR 67.420
Leonteq Securities AG/Gu 6.000 4/2/2020 CHF 59.820
UniCredit Bank AG 5.350 10/18/2020 EUR 54.630
UniCredit Bank AG 4.300 10/18/2021 EUR 62.840
Landesbank Hessen-Thueri 5.700 10/27/2022 EUR 51.930
Landesbank Hessen-Thueri 3.500 10/27/2021 EUR 66.820
Leonteq Securities AG/Gu 7.600 10/6/2020 CHF 65.910
Bayerische Landesbank 2.200 10/30/2020 EUR 69.270
DekaBank Deutsche Giroze 10.000 10/25/2019 EUR 63.740
UBS AG/London 7.200 5/22/2020 EUR 62.930
HSBC Trinkaus & Burkhard 5.600 6/26/2020 EUR 59.580
Commerzbank AG 12.500 3/27/2020 EUR 71.790
HSBC Trinkaus & Burkhard 6.300 6/26/2020 EUR 68.610
Commerzbank AG 11.500 9/27/2019 EUR 65.560
Commerzbank AG 9.500 11/22/2019 EUR 73.350
HSBC Trinkaus & Burkhard 4.300 7/24/2020 EUR 73.320
HSBC Trinkaus & Burkhard 6.800 7/24/2020 EUR 73.910
HSBC Trinkaus & Burkhard 8.600 3/27/2020 EUR 65.280
HSBC Trinkaus & Burkhard 5.100 3/27/2020 EUR 58.590
HSBC Trinkaus & Burkhard 7.700 9/25/2020 EUR 57.460
HSBC Trinkaus & Burkhard 6.100 1/24/2020 EUR 73.790
Commerzbank AG 14.500 3/27/2020 EUR 70.050
HSBC Trinkaus & Burkhard 4.700 3/27/2020 EUR 71.470
HSBC Trinkaus & Burkhard 7.300 6/26/2020 EUR 67.730
HSBC Trinkaus & Burkhard 8.800 7/24/2020 EUR 65.970
HSBC Trinkaus & Burkhard 8.600 6/26/2020 EUR 71.770
Commerzbank AG 9.000 3/27/2020 EUR 69.630
HSBC Trinkaus & Burkhard 4.300 12/28/2020 EUR 74.340
HSBC Trinkaus & Burkhard 3.300 1/24/2020 EUR 74.520
HSBC Trinkaus & Burkhard 5.700 9/25/2020 EUR 60.730
Commerzbank AG 12.000 12/31/2019 EUR 61.920
Credit Suisse AG/London 13.000 3/27/2020 USD 67.100
Landesbank Baden-Wuertte 2.800 3/25/2022 EUR 71.020
Raiffeisen Schweiz Genos 6.750 11/27/2019 CHF 69.360
Leonteq Securities AG/Gu 7.400 11/27/2019 USD 46.590
Leonteq Securities AG/Gu 4.200 6/1/2021 CHF 47.370
Landesbank Baden-Wuertte 3.100 2/25/2022 EUR 67.180
Landesbank Baden-Wuertte 2.300 2/25/2022 EUR 70.600
Landesbank Baden-Wuertte 2.750 2/25/2022 EUR 72.050
Landesbank Hessen-Thueri 4.000 12/22/2021 EUR 47.830
Landesbank Hessen-Thueri 3.500 12/22/2021 EUR 69.350
Zurcher Kantonalbank Fin 5.000 11/28/2019 CHF 72.550
Zurcher Kantonalbank Fin 7.000 11/28/2019 EUR 60.680
Raiffeisen Centrobank AG 4.311 9/24/2019 EUR 48.320
Raiffeisen Centrobank AG 5.389 9/24/2019 EUR 50.290
Raiffeisen Switzerland B 4.800 11/23/2023 CHF 55.560
DekaBank Deutsche Giroze 6.000 11/13/2019 EUR 67.900
Landesbank Hessen-Thueri 6.250 12/22/2022 EUR 61.760
UniCredit Bank AG 4.450 12/29/2022 EUR 55.610
UniCredit Bank AG 5.100 12/19/2020 EUR 48.150
UniCredit Bank AG 4.300 12/19/2021 EUR 56.940
UniCredit Bank AG 4.700 12/19/2021 EUR 53.480
UniCredit Bank AG 5.900 12/19/2020 EUR 67.490
UniCredit Bank AG 5.500 12/19/2020 EUR 71.920
UBS AG/London 5.250 11/22/2019 EUR 63.300
UBS AG/London 5.500 11/22/2019 CHF 59.400
EFG International Financ 8.000 12/6/2019 EUR 62.290
UBS AG/London 7.750 11/22/2019 CHF 49.850
Landesbank Hessen-Thueri 4.400 1/5/2023 EUR 59.550
Leonteq Securities AG/Gu 10.400 12/4/2019 EUR 50.940
EFG International Financ 7.000 5/23/2022 EUR 56.710
Landesbank Hessen-Thueri 3.250 7/8/2020 EUR 60.100
Leonteq Securities AG/Gu 6.400 6/4/2020 CHF 17.610
Leonteq Securities AG/Gu 9.000 6/4/2020 USD 52.790
Raiffeisen Schweiz Genos 8.500 11/27/2019 CHF 62.450
Societe Generale SA 8.000 12/2/2020 USD 71.050
Vontobel Financial Produ 4.500 12/30/2020 EUR 65.120
Landesbank Baden-Wuertte 2.750 11/25/2022 EUR 67.210
UniCredit Bank AG 5.500 1/4/2020 EUR 39.950
DekaBank Deutsche Giroze 3.800 12/18/2020 EUR 53.580
EFG International Financ 8.200 12/13/2019 CHF 64.320
EFG International Financ 8.000 12/13/2019 EUR 69.670
UBS AG/London 5.250 6/1/2020 USD 67.350
UBS AG/London 6.750 11/29/2019 CHF 68.450
UBS AG/London 11.000 11/29/2019 CHF 70.450
UBS AG/London 12.500 11/29/2019 CHF 69.800
Vontobel Financial Produ 7.000 12/27/2019 EUR 39.870
Commerzbank AG 3.100 11/25/2019 USD 45.490
Leonteq Securities AG/Gu 10.000 12/11/2019 CHF 28.890
Landesbank Baden-Wuertte 3.200 12/29/2020 EUR 65.350
Landesbank Baden-Wuertte 3.300 12/29/2020 EUR 70.950
Landesbank Baden-Wuertte 3.750 12/29/2020 EUR 63.410
Landesbank Baden-Wuertte 2.900 9/27/2019 EUR 73.480
Landesbank Baden-Wuertte 2.800 9/27/2019 EUR 72.300
UniCredit Bank AG 3.300 12/29/2022 EUR 69.500
UniCredit Bank AG 3.800 12/29/2022 EUR 49.460
DekaBank Deutsche Giroze 5.150 7/3/2020 EUR 60.870
DekaBank Deutsche Giroze 6.300 7/3/2020 EUR 47.650
Leonteq Securities AG/Gu 10.600 12/8/2020 EUR 57.520
Leonteq Securities AG/Gu 7.200 12/8/2020 USD 53.230
Landesbank Hessen-Thueri 3.500 1/5/2022 EUR 73.840
Landesbank Hessen-Thueri 3.500 1/5/2022 EUR 56.090
Landesbank Hessen-Thueri 4.000 1/5/2022 EUR 54.040
Raiffeisen Centrobank AG 5.200 12/30/2019 EUR 67.970
Leonteq Securities AG/Gu 9.800 6/12/2020 CHF 48.010
DekaBank Deutsche Giroze 3.000 12/29/2022 EUR 66.570
DekaBank Deutsche Giroze 4.050 7/3/2020 EUR 67.690
Landesbank Baden-Wuertte 2.600 4/28/2023 EUR 71.810
Raiffeisen Schweiz Genos 8.500 9/2/2019 CHF 36.900
Raiffeisen Schweiz Genos 5.750 9/2/2020 CHF 43.910
Raiffeisen Schweiz Genos 7.400 3/2/2020 EUR 68.600
Raiffeisen Schweiz Genos 7.000 9/2/2019 EUR 59.640
Raiffeisen Schweiz Genos 7.000 3/2/2020 CHF 60.970
Landesbank Baden-Wuertte 4.450 10/23/2020 EUR 70.330
DekaBank Deutsche Giroze 3.500 3/14/2022 EUR 68.540
DekaBank Deutsche Giroze 3.150 3/5/2021 EUR 55.290
DekaBank Deutsche Giroze 2.250 3/27/2020 EUR 66.480
DekaBank Deutsche Giroze 2.450 3/5/2021 EUR 67.060
DekaBank Deutsche Giroze 2.850 3/6/2020 EUR 60.440
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 59.900
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 53.730
Landesbank Baden-Wuertte 7.000 2/28/2020 EUR 49.090
Landesbank Baden-Wuertte 4.500 2/28/2020 EUR 70.340
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 72.800
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 74.200
Landesbank Baden-Wuertte 2.000 2/28/2020 EUR 67.700
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 64.630
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 65.810
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 58.790
Landesbank Baden-Wuertte 2.500 2/28/2020 EUR 74.250
Landesbank Baden-Wuertte 3.500 2/28/2020 EUR 67.090
Landesbank Baden-Wuertte 2.000 2/28/2020 EUR 60.700
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 57.990
Landesbank Baden-Wuertte 4.000 2/28/2020 EUR 53.010
Landesbank Baden-Wuertte 3.500 2/28/2020 EUR 70.130
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 66.510
Landesbank Baden-Wuertte 2.000 2/28/2020 EUR 61.720
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 58.590
Landesbank Baden-Wuertte 2.500 2/28/2020 EUR 47.240
Landesbank Baden-Wuertte 3.500 2/28/2020 EUR 44.340
Landesbank Baden-Wuertte 4.500 2/28/2020 EUR 43.350
Landesbank Baden-Wuertte 5.500 2/28/2020 EUR 41.120
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 50.810
Landesbank Baden-Wuertte 4.500 2/28/2020 EUR 47.120
Landesbank Baden-Wuertte 6.000 2/28/2020 EUR 44.130
Landesbank Baden-Wuertte 2.500 2/28/2020 EUR 57.840
Landesbank Baden-Wuertte 3.500 2/28/2020 EUR 55.510
Landesbank Baden-Wuertte 4.500 2/28/2020 EUR 52.310
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 71.900
Landesbank Baden-Wuertte 4.000 2/28/2020 EUR 67.930
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 65.420
Landesbank Baden-Wuertte 4.000 2/28/2020 EUR 65.640
Landesbank Baden-Wuertte 5.500 2/28/2020 EUR 60.710
Landesbank Baden-Wuertte 7.000 2/28/2020 EUR 56.730
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 67.720
Landesbank Baden-Wuertte 4.500 2/28/2020 EUR 59.940
Landesbank Baden-Wuertte 6.000 2/28/2020 EUR 56.050
Landesbank Baden-Wuertte 3.500 2/28/2020 EUR 72.250
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 67.710
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 71.660
Landesbank Baden-Wuertte 2.500 2/28/2020 EUR 22.240
Landesbank Baden-Wuertte 4.000 2/28/2020 EUR 20.890
Vontobel Financial Produ 4.000 9/16/2019 EUR 60.020
Bank Julius Baer & Co Lt 7.500 9/4/2019 CHF 57.500
UniCredit Bank AG 4.000 3/2/2020 EUR 34.580
Goldman Sachs & Co Wertp 6.000 9/25/2019 EUR 42.810
Goldman Sachs & Co Wertp 8.000 9/25/2019 EUR 39.590
Goldman Sachs & Co Wertp 10.000 9/25/2019 EUR 36.870
Goldman Sachs & Co Wertp 5.000 9/25/2019 EUR 46.760
Goldman Sachs & Co Wertp 6.000 9/25/2019 EUR 44.740
Goldman Sachs & Co Wertp 7.000 9/25/2019 EUR 70.950
Goldman Sachs & Co Wertp 8.000 9/25/2019 EUR 67.720
Goldman Sachs & Co Wertp 14.000 9/25/2019 EUR 58.760
Goldman Sachs & Co Wertp 16.000 9/25/2019 EUR 56.130
Goldman Sachs & Co Wertp 8.000 12/27/2019 EUR 70.060
Goldman Sachs & Co Wertp 10.000 12/27/2019 EUR 66.100
Goldman Sachs & Co Wertp 14.000 12/27/2019 EUR 59.600
Goldman Sachs & Co Wertp 6.000 9/25/2019 EUR 71.170
Goldman Sachs & Co Wertp 6.000 12/27/2019 EUR 72.680
Goldman Sachs & Co Wertp 7.000 12/27/2019 EUR 70.560
Goldman Sachs & Co Wertp 8.000 12/27/2019 EUR 70.900
Goldman Sachs & Co Wertp 6.000 12/27/2019 EUR 70.580
UBS AG/London 8.750 8/28/2019 CHF 36.550
UBS AG/London 8.500 8/28/2019 CHF 62.750
UBS AG/London 6.500 8/28/2019 CHF 67.700
UBS AG/London 7.000 8/28/2019 EUR 46.750
UBS AG/London 8.000 8/28/2019 CHF 62.750
UBS AG/London 7.250 8/28/2019 CHF 61.450
UBS AG/London 9.500 2/28/2020 EUR 51.400
UBS AG/London 10.000 2/28/2020 EUR 43.750
UBS AG/London 7.500 2/28/2020 EUR 66.500
Leonteq Securities AG 12.000 9/9/2019 CHF 51.490
Commerzbank AG 5.350 3/2/2020 USD 42.310
Bayerische Landesbank 2.000 12/11/2020 EUR 69.950
Bayerische Landesbank 3.400 7/16/2021 EUR 52.570
Bayerische Landesbank 4.000 5/3/2020 EUR 63.350
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 53.060
Bayerische Landesbank 4.000 10/4/2019 EUR 66.620
Credit Suisse AG/Nassau 8.250 9/12/2019 EUR 68.470
Raiffeisen Schweiz Genos 7.600 9/12/2019 CHF 41.040
Raiffeisen Schweiz Genos 6.300 9/12/2019 CHF 61.890
Raiffeisen Schweiz Genos 5.750 9/9/2020 CHF 44.960
DekaBank Deutsche Giroze 3.100 3/27/2020 EUR 56.550
Landesbank Baden-Wuertte 4.150 9/27/2019 EUR 44.940
Landesbank Baden-Wuertte 5.600 9/27/2019 EUR 59.570
Leonteq Securities AG/Gu 8.200 3/2/2020 CHF 29.100
Leonteq Securities AG/Gu 7.000 3/2/2020 CHF 61.020
Deutsche Bank AG 7.200 12/24/2019 EUR 73.300
Deutsche Bank AG 7.200 12/24/2019 EUR 72.900
Deutsche Bank AG 7.200 12/24/2019 EUR 69.660
Deutsche Bank AG 7.200 12/24/2019 EUR 66.710
Erste Group Bank AG 6.250 3/29/2023 EUR 50.550
Samaratransneft-Terminal 10.000 3/20/2023 RUB 2.960
UniCredit Bank AG 6.300 3/26/2021 EUR 63.290
Bank Julius Baer & Co Lt 10.500 9/3/2019 EUR 48.000
Deutsche Bank AG 7.200 12/24/2019 EUR 72.920
Deutsche Bank AG 7.200 12/24/2019 EUR 70.430
Deutsche Bank AG 7.200 12/24/2019 EUR 68.110
Bank Julius Baer & Co Lt 9.500 9/16/2019 USD 39.600
Deutsche Bank AG 7.200 12/24/2019 EUR 71.150
Deutsche Bank AG 7.200 12/24/2019 EUR 68.810
UniCredit Bank AG 4.750 3/26/2021 EUR 68.560
UniCredit Bank AG 4.050 3/26/2021 EUR 67.670
UniCredit Bank AG 5.550 3/26/2021 EUR 54.120
UniCredit Bank AG 4.400 3/26/2021 EUR 61.490
UniCredit Bank AG 4.600 3/26/2021 EUR 52.970
Deutsche Bank AG 7.200 12/24/2019 EUR 44.900
Deutsche Bank AG 7.200 12/24/2019 EUR 43.100
Deutsche Bank AG 7.200 12/24/2019 EUR 54.380
Deutsche Bank AG 7.200 12/24/2019 EUR 53.140
Deutsche Bank AG 7.200 12/24/2019 EUR 51.960
Deutsche Bank AG 7.200 12/24/2019 EUR 50.840
Deutsche Bank AG 7.200 12/24/2019 EUR 49.760
Deutsche Bank AG 7.200 12/24/2019 EUR 48.730
Vontobel Financial Produ 6.700 3/7/2022 EUR 69.690
Deutsche Bank AG 7.200 12/24/2019 EUR 64.670
Deutsche Bank AG 7.200 12/24/2019 EUR 61.920
Deutsche Bank AG 7.200 12/24/2019 EUR 60.220
Deutsche Bank AG 7.200 12/24/2019 EUR 55.040
Deutsche Bank AG 7.200 12/24/2019 EUR 70.810
Deutsche Bank AG 7.200 12/24/2019 EUR 55.120
Deutsche Bank AG 7.200 12/24/2019 EUR 53.100
Deutsche Bank AG 7.200 12/24/2019 EUR 51.220
Deutsche Bank AG 7.200 12/24/2019 EUR 53.740
Deutsche Bank AG 7.200 12/24/2019 EUR 51.320
Deutsche Bank AG 7.200 12/24/2019 EUR 49.110
Deutsche Bank AG 7.200 12/24/2019 EUR 41.700
Deutsche Bank AG 7.200 12/24/2019 EUR 40.400
Deutsche Bank AG 7.200 12/24/2019 EUR 38.100
UniCredit Bank AG 4.250 3/29/2021 EUR 61.480
UniCredit Bank AG 3.250 3/29/2022 EUR 24.490
DekaBank Deutsche Giroze 4.000 7/12/2021 EUR 73.500
UniCredit Bank AG 3.730 3/12/2020 EUR 55.270
DekaBank Deutsche Giroze 2.000 4/1/2021 EUR 73.590
UBS AG/London 11.500 3/9/2020 CHF 56.500
UBS AG/London 10.000 3/9/2020 CHF 51.450
UBS AG/London 12.000 3/9/2020 CHF 40.950
UBS AG/London 9.750 3/9/2020 EUR 52.800
UBS AG/London 11.250 3/9/2020 EUR 53.050
UBS AG/London 7.500 9/9/2019 CHF 45.700
UBS AG/London 7.250 9/9/2019 CHF 63.250
UBS AG/London 5.750 9/9/2019 CHF 64.800
UBS AG/London 10.500 9/9/2019 EUR 47.350
UBS AG/London 8.500 3/9/2020 USD 41.900
Deutsche Bank AG 4.200 9/24/2019 EUR 72.630
Deutsche Bank AG 4.200 9/24/2019 EUR 70.860
Deutsche Bank AG 4.200 9/24/2019 EUR 68.370
Deutsche Bank AG 4.200 9/24/2019 EUR 41.100
Deutsche Bank AG 6.200 9/24/2019 EUR 41.200
Deutsche Bank AG 6.200 9/24/2019 EUR 39.600
Deutsche Bank AG 4.200 9/24/2019 EUR 39.400
Deutsche Bank AG 4.200 9/24/2019 EUR 37.900
Deutsche Bank AG 6.200 9/24/2019 EUR 38.100
Deutsche Bank AG 4.200 12/24/2019 EUR 43.900
Deutsche Bank AG 6.200 12/24/2019 EUR 44.600
Deutsche Bank AG 4.200 12/24/2019 EUR 42.100
Deutsche Bank AG 4.200 12/24/2019 EUR 40.500
Deutsche Bank AG 4.200 12/24/2019 EUR 39.000
Deutsche Bank AG 4.200 12/24/2019 EUR 70.140
Deutsche Bank AG 6.200 12/24/2019 EUR 68.470
Deutsche Bank AG 4.200 12/24/2019 EUR 67.790
Deutsche Bank AG 6.200 9/24/2019 EUR 43.000
Deutsche Bank AG 4.200 9/24/2019 EUR 42.800
Deutsche Bank AG 4.200 9/24/2019 EUR 71.630
Deutsche Bank AG 6.200 9/24/2019 EUR 71.810
Deutsche Bank AG 4.200 9/24/2019 EUR 69.110
Deutsche Bank AG 6.200 9/24/2019 EUR 66.940
Deutsche Bank AG 4.200 9/24/2019 EUR 66.760
Deutsche Bank AG 4.200 9/24/2019 EUR 73.800
Deutsche Bank AG 4.200 9/24/2019 EUR 53.590
Deutsche Bank AG 6.200 9/24/2019 EUR 53.770
Deutsche Bank AG 6.200 9/24/2019 EUR 51.230
Deutsche Bank AG 4.200 9/24/2019 EUR 51.050
Deutsche Bank AG 6.200 9/24/2019 EUR 48.920
Deutsche Bank AG 4.200 9/24/2019 EUR 48.750
Deutsche Bank AG 4.200 9/24/2019 EUR 46.640
Deutsche Bank AG 6.200 9/24/2019 EUR 46.810
Deutsche Bank AG 4.200 12/24/2019 EUR 54.660
Deutsche Bank AG 6.200 12/24/2019 EUR 55.350
Deutsche Bank AG 6.200 12/24/2019 EUR 52.800
Deutsche Bank AG 4.200 12/24/2019 EUR 52.120
Deutsche Bank AG 6.200 12/24/2019 EUR 50.500
Deutsche Bank AG 4.200 12/24/2019 EUR 49.810
Deutsche Bank AG 6.200 12/24/2019 EUR 48.390
Deutsche Bank AG 4.200 12/24/2019 EUR 47.700
Deutsche Bank AG 4.200 9/24/2019 EUR 62.600
Deutsche Bank AG 6.200 9/24/2019 EUR 62.770
Deutsche Bank AG 6.200 9/24/2019 EUR 60.020
Deutsche Bank AG 4.200 9/24/2019 EUR 59.850
Deutsche Bank AG 6.200 9/24/2019 EUR 58.320
Deutsche Bank AG 4.200 9/24/2019 EUR 58.140
Deutsche Bank AG 6.200 12/24/2019 EUR 64.330
Deutsche Bank AG 4.200 12/24/2019 EUR 63.650
Deutsche Bank AG 4.200 12/24/2019 EUR 60.900
Deutsche Bank AG 6.200 12/24/2019 EUR 61.590
Deutsche Bank AG 4.200 12/24/2019 EUR 59.200
Deutsche Bank AG 6.200 9/24/2019 EUR 38.700
Deutsche Bank AG 4.200 9/24/2019 EUR 38.500
Deutsche Bank AG 6.200 9/24/2019 EUR 36.300
Deutsche Bank AG 4.200 9/24/2019 EUR 36.100
Deutsche Bank AG 4.200 12/24/2019 EUR 39.400
Deutsche Bank AG 4.200 12/24/2019 EUR 37.000
Deutsche Bank AG 6.200 12/24/2019 EUR 37.700
Deutsche Bank AG 4.200 9/24/2019 EUR 51.840
Deutsche Bank AG 6.200 9/24/2019 EUR 52.000
Deutsche Bank AG 6.200 9/24/2019 EUR 49.540
Deutsche Bank AG 4.200 9/24/2019 EUR 49.370
Deutsche Bank AG 4.200 9/24/2019 EUR 47.140
Deutsche Bank AG 4.200 12/24/2019 EUR 52.710
Deutsche Bank AG 6.200 12/24/2019 EUR 53.400
Deutsche Bank AG 4.200 12/24/2019 EUR 50.300
Deutsche Bank AG 6.200 12/24/2019 EUR 50.980
Deutsche Bank AG 4.200 12/24/2019 EUR 48.100
Deutsche Bank AG 4.200 9/24/2019 EUR 71.200
Deutsche Bank AG 4.200 9/24/2019 EUR 68.800
Deutsche Bank AG 6.200 9/24/2019 EUR 69.000
Deutsche Bank AG 4.200 12/24/2019 EUR 74.900
Deutsche Bank AG 4.200 12/24/2019 EUR 72.300
Deutsche Bank AG 6.200 12/24/2019 EUR 70.600
Deutsche Bank AG 4.200 12/24/2019 EUR 69.900
Deutsche Bank AG 4.200 9/24/2019 EUR 73.230
Deutsche Bank AG 4.200 9/24/2019 EUR 70.880
Deutsche Bank AG 4.200 9/24/2019 EUR 67.610
Deutsche Bank AG 6.200 9/24/2019 EUR 53.180
Deutsche Bank AG 4.200 12/24/2019 EUR 54.110
Deutsche Bank AG 6.200 12/24/2019 EUR 54.790
Deutsche Bank AG 6.200 9/24/2019 EUR 68.540
Deutsche Bank AG 4.200 9/24/2019 EUR 66.050
Deutsche Bank AG 6.200 9/24/2019 EUR 66.220
Deutsche Bank AG 4.200 12/24/2019 EUR 71.900
Deutsche Bank AG 4.200 12/24/2019 EUR 69.410
Deutsche Bank AG 6.200 12/24/2019 EUR 70.090
Deutsche Bank AG 6.200 12/24/2019 EUR 67.780
Deutsche Bank AG 4.200 12/24/2019 EUR 67.090
Deutsche Bank AG 4.200 9/24/2019 EUR 64.640
Deutsche Bank AG 4.200 12/24/2019 EUR 74.190
Deutsche Bank AG 4.200 12/24/2019 EUR 71.870
Deutsche Bank AG 4.200 12/24/2019 EUR 68.640
Deutsche Bank AG 4.200 12/24/2019 EUR 65.690
Deutsche Bank AG 4.200 9/24/2019 EUR 72.070
Deutsche Bank AG 6.200 9/24/2019 EUR 68.990
Deutsche Bank AG 4.200 9/24/2019 EUR 68.810
Deutsche Bank AG 6.200 12/24/2019 EUR 70.470
Deutsche Bank AG 4.200 12/24/2019 EUR 69.790
Deutsche Bank AG 4.200 9/24/2019 EUR 53.010
Deutsche Bank AG 6.200 9/24/2019 EUR 73.900
Deutsche Bank AG 4.200 9/24/2019 EUR 73.700
Leonteq Securities AG/Gu 10.000 3/16/2020 USD 52.700
Corner Banca SA 15.000 9/16/2019 CHF 35.960
Leonteq Securities AG/Gu 11.000 9/9/2019 CHF 53.770
Leonteq Securities AG/Gu 9.000 9/9/2019 CHF 25.090
UniCredit Bank AG 6.000 10/4/2019 EUR 58.930
Raiffeisen Schweiz Genos 11.420 9/12/2019 CHF 38.790
UBS AG/London 10.000 3/22/2021 EUR 69.220
EFG International Financ 7.600 1/11/2021 CHF 60.860
EFG International Financ 7.400 1/11/2021 USD 53.660
EFG International Financ 8.400 1/10/2020 USD 39.240
UBS AG/London 5.400 1/2/2020 EUR 48.940
EFG International Financ 7.400 1/25/2021 CHF 59.950
EFG International Financ 7.200 1/25/2021 EUR 52.320
EFG International Financ 8.000 1/29/2020 USD 37.570
Corner Banca SA 7.400 7/22/2020 CHF 56.840
Leonteq Securities AG/Gu 6.600 1/22/2020 EUR 67.910
UBS AG/London 5.800 9/26/2019 EUR 72.040
UBS AG/London 24.000 1/2/2020 EUR 72.100
UBS AG/London 21.900 1/2/2020 EUR 62.320
UBS AG/London 27.600 1/2/2020 EUR 70.140
UBS AG/London 14.000 9/26/2019 EUR 66.390
UBS AG/London 25.000 1/2/2020 EUR 70.340
UBS AG/London 6.700 3/26/2020 EUR 73.730
UBS AG/London 14.300 1/2/2020 EUR 64.110
UBS AG/London 25.200 1/2/2020 EUR 60.870
UBS AG/London 6.400 3/26/2020 EUR 73.150
UBS AG/London 11.300 1/2/2020 EUR 69.220
UBS AG/London 27.600 9/26/2019 EUR 72.510
UBS AG/London 29.100 9/26/2019 EUR 72.200
Commerzbank AG 6.000 1/24/2020 EUR 73.050
DZ Bank AG Deutsche Zent 5.550 3/24/2021 EUR 70.690
DZ Bank AG Deutsche Zent 6.500 3/24/2021 EUR 68.950
Commerzbank AG 12.000 9/27/2019 EUR 60.280
Commerzbank AG 10.000 1/24/2020 EUR 63.340
Vontobel Financial Produ 7.500 3/27/2020 EUR 43.250
Vontobel Financial Produ 6.000 3/27/2020 EUR 44.470
Vontobel Financial Produ 14.000 1/3/2020 EUR 38.700
Vontobel Financial Produ 13.000 1/3/2020 EUR 63.900
Vontobel Financial Produ 11.500 3/27/2020 EUR 63.450
Vontobel Financial Produ 13.500 3/27/2020 EUR 64.430
Vontobel Financial Produ 10.500 3/27/2020 EUR 70.650
Commerzbank AG 20.500 9/27/2019 EUR 57.700
Commerzbank AG 23.250 9/27/2019 EUR 65.730
Commerzbank AG 11.000 11/22/2019 EUR 62.190
Commerzbank AG 17.000 9/27/2019 EUR 72.960
Commerzbank AG 10.000 1/24/2020 EUR 69.630
DZ Bank AG Deutsche Zent 4.250 12/27/2019 EUR 58.140
DZ Bank AG Deutsche Zent 8.250 3/25/2020 EUR 63.740
DZ Bank AG Deutsche Zent 5.250 3/25/2020 EUR 63.420
DZ Bank AG Deutsche Zent 6.250 12/27/2019 EUR 73.330
DZ Bank AG Deutsche Zent 6.000 3/25/2020 EUR 72.430
DZ Bank AG Deutsche Zent 5.750 6/24/2020 EUR 71.850
HSBC Trinkaus & Burkhard 5.670 2/12/2021 EUR 64.030
UBS AG/London 10.000 8/13/2020 EUR 69.750
UBS AG/London 10.000 8/13/2020 EUR 70.530
Vontobel Financial Produ 6.000 1/3/2020 EUR 47.380
Vontobel Financial Produ 5.500 1/3/2020 EUR 50.367
Vontobel Financial Produ 8.000 3/27/2020 EUR 53.010
BNP Paribas Emissions- u 6.000 6/25/2020 EUR 62.450
BNP Paribas Emissions- u 7.000 6/25/2020 EUR 60.830
BNP Paribas Emissions- u 5.000 12/30/2019 EUR 59.060
BNP Paribas Emissions- u 5.000 3/26/2020 EUR 62.930
BNP Paribas Emissions- u 4.000 3/26/2020 EUR 59.780
BNP Paribas Emissions- u 4.000 6/25/2020 EUR 67.870
Luzerner Kantonalbank AG 10.000 8/28/2020 CHF 64.960
Bank Julius Baer & Co Lt 10.100 2/14/2020 USD 64.800
UBS AG/London 13.000 1/21/2020 USD 55.040
UBS AG/London 9.000 7/20/2020 CHF 61.100
UBS AG/London 6.000 7/20/2020 CHF 63.200
UBS AG/London 6.500 7/20/2020 EUR 48.100
UBS AG/London 5.500 1/20/2020 CHF 64.550
UBS AG/London 6.500 10/18/2019 EUR 73.450
Natixis SA 3.450 7/26/2021 RUB 53.460
Leonteq Securities AG/Gu 6.200 7/27/2021 CHF 55.620
UniCredit Bank AG 5.350 8/24/2021 EUR 65.120
Banque Cantonale Vaudois 5.000 1/31/2020 CHF 64.960
Commerzbank AG 16.000 9/27/2019 EUR 71.980
Commerzbank AG 17.000 12/31/2019 EUR 68.110
DekaBank Deutsche Giroze 5.000 1/24/2020 EUR 73.830
HSBC Trinkaus & Burkhard 6.100 6/26/2020 EUR 58.490
HSBC Trinkaus & Burkhard 11.300 9/25/2020 EUR 53.870
Deutsche Bank AG 4.200 9/24/2019 EUR 71.800
Deutsche Bank AG 4.200 12/24/2019 EUR 72.300
Deutsche Bank AG 4.200 3/24/2020 EUR 72.600
Deutsche Bank AG 4.200 6/23/2020 EUR 71.100
Deutsche Bank AG 4.200 9/22/2020 EUR 71.400
Deutsche Bank AG 4.200 12/22/2020 EUR 71.800
Deutsche Bank AG 4.200 6/23/2020 EUR 71.600
Deutsche Bank AG 4.200 9/22/2020 EUR 71.600
Deutsche Bank AG 4.200 12/22/2020 EUR 71.700
Deutsche Bank AG 4.200 9/24/2019 EUR 74.100
Deutsche Bank AG 4.200 3/24/2020 EUR 74.000
Deutsche Bank AG 4.200 9/24/2019 EUR 52.400
Deutsche Bank AG 4.200 9/24/2019 EUR 47.200
Deutsche Bank AG 4.200 12/24/2019 EUR 53.300
Deutsche Bank AG 4.200 12/24/2019 EUR 48.100
Deutsche Bank AG 4.200 3/24/2020 EUR 54.200
Deutsche Bank AG 4.200 3/24/2020 EUR 49.100
Deutsche Bank AG 4.200 6/23/2020 EUR 55.000
Deutsche Bank AG 4.200 6/23/2020 EUR 50.000
Deutsche Bank AG 4.200 9/22/2020 EUR 55.900
Deutsche Bank AG 4.200 9/22/2020 EUR 51.000
Deutsche Bank AG 4.200 12/22/2020 EUR 56.700
Deutsche Bank AG 4.200 12/22/2020 EUR 51.900
Commerzbank AG 10.250 12/31/2019 EUR 66.540
Commerzbank AG 12.250 12/31/2019 EUR 64.150
Commerzbank AG 8.250 12/31/2019 EUR 69.550
Commerzbank AG 5.500 2/28/2020 EUR 64.610
HSBC Trinkaus & Burkhard 2.000 3/27/2020 EUR 71.410
Vontobel Financial Produ 9.500 3/27/2020 EUR 69.890
Commerzbank AG 5.000 12/31/2019 EUR 60.610
Raiffeisen Schweiz Genos 7.500 9/16/2019 CHF 34.160
Natixis SA 2.750 3/1/2021 USD 59.793
Commerzbank AG 2.450 3/9/2020 EUR 51.830
DekaBank Deutsche Giroze 5.000 10/18/2019 EUR 68.090
DekaBank Deutsche Giroze 4.250 4/14/2022 EUR 60.390
EFG International Financ 7.200 11/30/2020 EUR 61.210
Corner Banca SA 9.600 11/27/2019 CHF 57.090
Vontobel Financial Produ 13.000 6/26/2020 EUR 62.570
Vontobel Financial Produ 12.000 6/26/2020 EUR 68.690
Vontobel Financial Produ 7.000 6/26/2020 EUR 72.740
DZ Bank AG Deutsche Zent 6.250 3/25/2020 EUR 63.010
DZ Bank AG Deutsche Zent 10.000 6/24/2020 EUR 71.810
Vontobel Financial Produ 10.500 3/27/2020 EUR 67.240
Vontobel Financial Produ 15.000 3/27/2020 EUR 64.350
Vontobel Financial Produ 9.500 3/27/2020 EUR 68.700
Vontobel Financial Produ 9.000 6/26/2020 EUR 70.170
DZ Bank AG Deutsche Zent 10.750 12/27/2019 EUR 72.080
BNP Paribas Emissions- u 10.000 12/24/2020 EUR 70.830
BNP Paribas Emissions- u 12.000 12/24/2020 EUR 68.820
BNP Paribas Emissions- u 18.000 3/26/2020 EUR 70.810
BNP Paribas Emissions- u 17.000 9/26/2019 EUR 61.260
BNP Paribas Emissions- u 9.000 12/30/2019 EUR 68.030
BNP Paribas Emissions- u 13.000 12/30/2019 EUR 64.330
BNP Paribas Emissions- u 16.000 12/30/2019 EUR 62.380
BNP Paribas Emissions- u 5.500 3/26/2020 EUR 73.790
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 69.020
BNP Paribas Emissions- u 21.000 12/30/2019 EUR 61.640
BNP Paribas Emissions- u 14.000 9/26/2019 EUR 65.530
BNP Paribas Emissions- u 12.000 12/30/2019 EUR 68.630
BNP Paribas Emissions- u 15.000 12/30/2019 EUR 65.650
BNP Paribas Emissions- u 9.500 12/24/2020 EUR 71.260
BNP Paribas Emissions- u 22.000 9/26/2019 EUR 70.650
BNP Paribas Emissions- u 21.000 9/26/2019 EUR 64.420
BNP Paribas Emissions- u 8.500 6/25/2020 EUR 73.030
BNP Paribas Emissions- u 14.000 6/25/2020 EUR 68.980
BNP Paribas Emissions- u 11.000 9/24/2020 EUR 71.650
BNP Paribas Emissions- u 9.000 12/24/2020 EUR 74.120
BNP Paribas Emissions- u 17.000 3/26/2020 EUR 64.120
BNP Paribas Emissions- u 6.500 6/25/2020 EUR 73.760
BNP Paribas Emissions- u 9.000 6/25/2020 EUR 70.380
BNP Paribas Emissions- u 15.000 6/25/2020 EUR 65.200
BNP Paribas Emissions- u 11.000 9/24/2020 EUR 69.870
BNP Paribas Emissions- u 8.000 12/24/2020 EUR 71.050
Landesbank Hessen-Thueri 5.200 9/30/2022 EUR 64.840
UniCredit Bank AG 5.350 7/28/2020 EUR 49.710
Leonteq Securities AG/Gu 6.000 6/8/2020 CHF 62.800
UniCredit Bank AG 5.750 7/4/2020 EUR 47.280
Landesbank Baden-Wuertte 3.100 2/28/2020 EUR 74.700
Landesbank Baden-Wuertte 4.150 2/28/2020 EUR 56.810
Landesbank Hessen-Thueri 5.200 9/8/2022 EUR 56.920
DekaBank Deutsche Giroze 2.750 6/26/2020 EUR 66.740
DekaBank Deutsche Giroze 2.150 6/28/2021 EUR 72.580
DekaBank Deutsche Giroze 2.150 8/28/2020 EUR 72.090
UniCredit Bank AG 3.200 9/10/2022 EUR 72.890
Landesbank Hessen-Thueri 4.000 7/7/2021 EUR 66.020
Landesbank Hessen-Thueri 7.000 1/9/2023 EUR 36.520
UBS AG/London 5.750 9/6/2019 EUR 62.600
EFG International Financ 5.500 9/21/2020 USD 41.060
Raiffeisen Centrobank AG 6.750 10/7/2019 EUR 47.320
Landesbank Hessen-Thueri 6.000 10/6/2022 EUR 58.800
UBS AG/London 5.300 9/26/2019 EUR 45.380
DekaBank Deutsche Giroze 3.450 10/11/2019 EUR 58.800
Leonteq Securities AG/Gu 7.400 9/18/2019 EUR 55.500
Leonteq Securities AG/Gu 7.600 9/18/2019 USD 69.600
Landesbank Hessen-Thueri 4.000 10/13/2021 EUR 64.040
Raiffeisen Schweiz Genos 5.000 4/3/2020 CHF 31.550
Landesbank Hessen-Thueri 6.000 8/4/2022 EUR 51.970
Landesbank Baden-Wuertte 3.300 7/24/2020 EUR 71.800
Bayerische Landesbank 2.600 6/26/2020 EUR 71.670
Landesbank Baden-Wuertte 4.450 8/28/2020 EUR 48.600
Landesbank Baden-Wuertte 4.700 3/25/2022 EUR 68.390
Landesbank Baden-Wuertte 3.300 3/25/2022 EUR 72.620
Commerzbank AG 17.000 9/27/2019 EUR 62.750
Landesbank Hessen-Thueri 7.000 9/25/2019 EUR 71.800
Credit Suisse AG/Nassau 8.250 10/28/2019 CHF 56.880
UniCredit Bank AG 4.200 8/24/2022 EUR 57.600
UniCredit Bank AG 5.250 8/24/2021 EUR 59.700
Leonteq Securities AG 15.000 5/15/2020 CHF 64.740
Leonteq Securities AG 12.000 10/30/2019 EUR 61.120
Leonteq Securities AG 10.000 8/3/2020 CHF 40.690
Commerzbank AG 20.750 9/27/2019 EUR 71.790
Commerzbank AG 19.000 9/27/2019 EUR 66.030
Commerzbank AG 21.000 9/27/2019 EUR 64.140
Raiffeisen Schweiz Genos 7.500 7/27/2020 CHF 60.030
Raiffeisen Schweiz Genos 6.500 1/30/2020 CHF 56.130
Credit Suisse AG/Nassau 7.250 7/30/2020 EUR 67.350
Landesbank Baden-Wuertte 4.150 10/22/2021 EUR 69.110
Landesbank Baden-Wuertte 4.000 10/22/2021 EUR 64.780
Zurcher Kantonalbank Fin 5.500 1/23/2020 EUR 67.180
Leonteq Securities AG/Gu 10.000 7/27/2020 CHF 52.680
Credit Suisse AG/Nassau 8.000 10/31/2019 EUR 68.240
Bank Julius Baer & Co Lt 5.000 9/27/2019 EUR 67.800
Zurcher Kantonalbank Fin 3.000 9/26/2019 USD 31.080
Zurcher Kantonalbank Fin 8.750 10/4/2019 CHF 69.450
Zurcher Kantonalbank Fin 9.750 10/4/2019 CHF 74.560
Zurcher Kantonalbank Fin 6.250 10/4/2019 CHF 69.640
Vontobel Financial Produ 14.350 9/27/2019 EUR 70.490
HSBC Trinkaus & Burkhard 4.080 9/27/2019 EUR 67.880
Raiffeisen Centrobank AG 10.772 12/27/2019 EUR 69.790
Raiffeisen Centrobank AG 6.950 12/27/2019 EUR 50.580
DZ Bank AG Deutsche Zent 4.750 9/25/2019 EUR 70.350
UniCredit Bank AG 3.750 10/2/2020 EUR 26.210
DZ Bank AG Deutsche Zent 8.250 1/22/2020 EUR 73.120
Landesbank Hessen-Thueri 8.400 5/8/2020 EUR 50.320
Landesbank Baden-Wuertte 3.000 6/26/2020 EUR 67.620
Landesbank Hessen-Thueri 7.400 6/12/2020 EUR 53.130
Landesbank Hessen-Thueri 4.600 7/8/2020 EUR 74.500
HSBC Trinkaus & Burkhard 9.500 3/27/2020 EUR 69.360
HSBC Trinkaus & Burkhard 8.100 9/25/2020 EUR 56.670
HSBC Trinkaus & Burkhard 9.500 7/24/2020 EUR 54.330
HSBC Trinkaus & Burkhard 9.000 9/25/2020 EUR 67.070
HSBC Trinkaus & Burkhard 7.800 9/25/2020 EUR 68.390
HSBC Trinkaus & Burkhard 6.200 12/28/2020 EUR 70.780
HSBC Trinkaus & Burkhard 6.700 1/24/2020 EUR 68.830
HSBC Trinkaus & Burkhard 8.500 3/27/2020 EUR 53.500
HSBC Trinkaus & Burkhard 5.800 3/27/2020 EUR 57.430
HSBC Trinkaus & Burkhard 8.400 6/26/2020 EUR 55.050
Landesbank Hessen-Thueri 8.000 5/15/2020 EUR 37.150
Landesbank Hessen-Thueri 9.500 5/15/2020 EUR 53.750
UniCredit Bank AG 3.600 6/18/2020 EUR 53.815
DekaBank Deutsche Giroze 2.900 10/29/2019 EUR 64.780
Landesbank Hessen-Thueri 6.400 9/4/2020 EUR 57.200
Vontobel Financial Produ 9.000 1/3/2020 EUR 44.860
Vontobel Financial Produ 7.000 1/3/2020 EUR 46.730
DZ Bank AG Deutsche Zent 13.750 12/27/2019 EUR 58.670
DZ Bank AG Deutsche Zent 11.250 12/27/2019 EUR 70.810
EFG International Financ 8.000 3/9/2020 USD 34.660
Landesbank Baden-Wuertte 3.000 3/25/2022 EUR 73.470
Landesbank Baden-Wuertte 3.850 6/26/2020 EUR 69.100
Commerzbank AG 10.000 3/2/2020 EUR 19.440
Bayerische Landesbank 2.800 4/3/2020 EUR 68.790
Landesbank Hessen-Thueri 3.100 10/6/2020 EUR 67.300
Landesbank Baden-Wuertte 3.500 6/26/2020 EUR 69.210
Landesbank Baden-Wuertte 3.250 6/26/2020 EUR 65.420
DekaBank Deutsche Giroze 3.000 6/21/2021 EUR 32.560
Raiffeisen Schweiz Genos 4.400 12/9/2019 CHF 29.350
UniCredit Bank AG 5.500 7/9/2021 EUR 55.500
Corner Banca SA 7.600 6/16/2020 CHF 61.950
Landesbank Baden-Wuertte 3.000 4/25/2022 EUR 72.350
Bayerische Landesbank 2.800 6/5/2020 EUR 69.260
Landesbank Baden-Wuertte 2.550 9/27/2019 EUR 72.610
Commerzbank AG 6.000 5/9/2022 USD 0.280
Landesbank Baden-Wuertte 2.400 7/24/2020 EUR 69.880
Landesbank Hessen-Thueri 8.750 2/6/2020 EUR 69.910
Landesbank Hessen-Thueri 5.000 6/26/2020 EUR 59.310
DZ Bank AG Deutsche Zent 13.250 1/22/2020 EUR 65.580
Landesbank Hessen-Thueri 8.000 4/7/2020 EUR 53.470
Landesbank Hessen-Thueri 6.200 7/24/2020 EUR 66.120
Raiffeisen Schweiz Genos 3.400 3/21/2025 CHF 54.180
Deutsche Bank AG 4.200 9/22/2020 EUR 69.870
Deutsche Bank AG 4.200 9/22/2020 EUR 68.330
Deutsche Bank AG 4.200 9/22/2020 EUR 66.840
Deutsche Bank AG 4.200 12/22/2020 EUR 73.820
Deutsche Bank AG 4.200 12/22/2020 EUR 69.180
Deutsche Bank AG 4.200 12/22/2020 EUR 67.720
Deutsche Bank AG 4.200 9/24/2019 EUR 71.540
Deutsche Bank AG 4.200 3/24/2020 EUR 71.490
Deutsche Bank AG 4.200 6/23/2020 EUR 72.440
HSBC Trinkaus & Burkhard 9.400 3/27/2020 EUR 73.990
HSBC Trinkaus & Burkhard 7.600 6/26/2020 EUR 72.210
HSBC Trinkaus & Burkhard 10.200 9/25/2020 EUR 54.600
HSBC Trinkaus & Burkhard 6.100 9/25/2020 EUR 59.710
HSBC Trinkaus & Burkhard 5.600 9/25/2020 EUR 71.880
HSBC Trinkaus & Burkhard 6.900 7/24/2020 EUR 69.260
HSBC Trinkaus & Burkhard 12.600 3/27/2020 EUR 67.420
HSBC Trinkaus & Burkhard 9.800 6/26/2020 EUR 71.500
Deutsche Bank AG 4.200 9/22/2020 EUR 73.120
Deutsche Bank AG 4.200 12/22/2020 EUR 70.680
Deutsche Bank AG 4.200 9/24/2019 EUR 67.880
Deutsche Bank AG 4.200 12/24/2019 EUR 72.480
Deutsche Bank AG 4.200 3/24/2020 EUR 73.250
Deutsche Bank AG 4.200 6/23/2020 EUR 74.220
Deutsche Bank AG 4.200 6/23/2020 EUR 70.720
Deutsche Bank AG 4.200 9/22/2020 EUR 71.470
Deutsche Bank AG 4.200 12/22/2020 EUR 72.230
Deutsche Bank AG 4.200 9/24/2019 EUR 73.520
Deutsche Bank AG 4.200 9/24/2019 EUR 69.670
Deutsche Bank AG 4.200 12/24/2019 EUR 70.660
Deutsche Bank AG 4.200 12/24/2019 EUR 68.910
Deutsche Bank AG 4.200 3/24/2020 EUR 69.810
Deutsche Bank AG 4.200 3/24/2020 EUR 68.180
Deutsche Bank AG 4.200 6/23/2020 EUR 69.070
Deutsche Bank AG 4.200 6/23/2020 EUR 67.470
Deutsche Bank AG 4.200 6/23/2020 EUR 65.940
Raiffeisen Schweiz Genos 10.000 12/31/2024 CHF 67.720
UniCredit Bank AG 3.600 3/5/2020 EUR 59.930
DZ Bank AG Deutsche Zent 14.000 1/22/2020 EUR 72.370
DZ Bank AG Deutsche Zent 15.750 1/22/2020 EUR 73.140
Vontobel Financial Produ 16.500 9/13/2019 EUR 55.550
Vontobel Financial Produ 6.500 12/13/2019 EUR 71.610
Vontobel Financial Produ 11.000 12/13/2019 EUR 61.750
Vontobel Financial Produ 6.000 12/13/2019 EUR 69.260
Vontobel Financial Produ 8.500 12/13/2019 EUR 53.930
Vontobel Financial Produ 4.500 12/13/2019 EUR 72.370
Vontobel Financial Produ 6.500 12/13/2019 EUR 69.020
Vontobel Financial Produ 7.500 12/13/2019 EUR 70.800
Vontobel Financial Produ 8.000 9/13/2019 EUR 57.700
Vontobel Financial Produ 12.000 12/13/2019 EUR 57.840
Vontobel Financial Produ 16.500 9/13/2019 EUR 52.260
Vontobel Financial Produ 10.500 9/13/2019 EUR 69.920
Vontobel Financial Produ 5.000 9/13/2019 EUR 57.070
Vontobel Financial Produ 6.000 9/13/2019 EUR 72.330
DZ Bank AG Deutsche Zent 8.250 9/25/2019 EUR 63.980
Credit Suisse AG/Nassau 7.250 12/12/2019 CHF 66.010
Leonteq Securities AG/Gu 13.200 12/11/2019 USD 55.210
Deutsche Bank AG 8.200 9/24/2019 EUR 69.340
Deutsche Bank AG 8.200 12/24/2019 EUR 70.280
Vontobel Financial Produ 8.500 1/3/2020 EUR 62.730
Vontobel Financial Produ 7.500 1/3/2020 EUR 44.330
Vontobel Financial Produ 6.000 1/3/2020 EUR 46.380
Vontobel Financial Produ 8.500 1/3/2020 EUR 42.390
Vontobel Financial Produ 10.000 1/3/2020 EUR 40.850
Vontobel Financial Produ 14.000 9/27/2019 EUR 36.440
Vontobel Financial Produ 13.000 9/27/2019 EUR 57.930
Vontobel Financial Produ 10.500 9/27/2019 EUR 60.720
Vontobel Financial Produ 8.500 9/27/2019 EUR 63.880
Vontobel Financial Produ 5.000 1/3/2020 EUR 68.400
Vontobel Financial Produ 10.500 1/3/2020 EUR 60.460
Vontobel Financial Produ 6.500 1/3/2020 EUR 65.310
Commerzbank AG 8.500 9/27/2019 EUR 72.410
Commerzbank AG 9.500 9/27/2019 EUR 70.270
Commerzbank AG 10.500 9/27/2019 EUR 68.360
Commerzbank AG 11.500 9/27/2019 EUR 66.690
Commerzbank AG 12.500 9/27/2019 EUR 65.140
Commerzbank AG 11.000 10/25/2019 EUR 78.770
Commerzbank AG 13.000 10/25/2019 EUR 75.590
Commerzbank AG 11.750 9/27/2019 EUR 73.500
Commerzbank AG 13.750 9/27/2019 EUR 70.510
Commerzbank AG 10.750 9/27/2019 EUR 65.720
Commerzbank AG 11.000 9/27/2019 EUR 49.180
Commerzbank AG 9.000 9/27/2019 EUR 69.010
Commerzbank AG 4.750 9/27/2019 EUR 72.010
Bank Julius Baer & Co Lt 11.000 9/4/2019 CHF 61.650
Erste Group Bank AG 4.250 9/28/2022 EUR 73.150
Landesbank Baden-Wuertte 3.250 8/27/2021 EUR 73.460
DZ Bank AG Deutsche Zent 6.750 9/23/2019 EUR 55.980
Landesbank Baden-Wuertte 3.800 1/28/2022 EUR 73.190
Leonteq Securities AG/Gu 5.000 5/5/2020 EUR 27.580
HSBC Trinkaus & Burkhard 3.900 9/27/2019 EUR 62.840
HSBC Trinkaus & Burkhard 2.900 12/27/2019 EUR 66.810
HSBC Trinkaus & Burkhard 5.500 11/22/2019 EUR 60.120
HSBC Trinkaus & Burkhard 2.800 11/22/2019 EUR 66.830
Bank Julius Baer & Co Lt 8.500 9/12/2019 CHF 67.100
Commerzbank AG 13.000 9/27/2019 EUR 47.070
Commerzbank AG 3.000 9/27/2019 EUR 66.000
Commerzbank AG 9.000 9/27/2019 EUR 51.690
Commerzbank AG 13.250 9/27/2019 EUR 71.610
Commerzbank AG 15.250 9/27/2019 EUR 68.860
Commerzbank AG 14.500 10/25/2019 EUR 70.000
Credit Suisse AG/Nassau 8.000 12/13/2019 CHF 68.970
DZ Bank AG Deutsche Zent 4.750 9/23/2019 EUR 70.320
Bayerische Landesbank 4.400 10/4/2019 EUR 68.100
Bayerische Landesbank 3.900 10/4/2019 EUR 64.390
Raiffeisen Switzerland B 5.600 11/2/2020 CHF 64.750
HSBC Trinkaus & Burkhard 2.700 10/25/2019 EUR 66.840
HSBC Trinkaus & Burkhard 9.800 9/27/2019 EUR 56.110
HSBC Trinkaus & Burkhard 4.000 9/27/2019 EUR 65.850
HSBC Trinkaus & Burkhard 2.100 9/27/2019 EUR 73.860
HSBC Trinkaus & Burkhard 6.000 11/22/2019 EUR 62.410
Bank Julius Baer & Co Lt 7.000 9/12/2019 EUR 62.500
Vontobel Financial Produ 14.000 9/13/2019 EUR 55.010
Vontobel Financial Produ 10.000 9/13/2019 EUR 62.910
Vontobel Financial Produ 8.500 12/13/2019 EUR 62.180
Vontobel Financial Produ 7.000 9/13/2019 EUR 67.210
Vontobel Financial Produ 12.000 9/13/2019 EUR 60.380
Vontobel Financial Produ 11.000 12/13/2019 EUR 60.040
Vontobel Financial Produ 7.000 12/13/2019 EUR 65.130
HSBC Trinkaus & Burkhard 3.700 9/27/2019 EUR 67.320
HSBC Trinkaus & Burkhard 4.600 11/22/2019 EUR 56.710
HSBC Trinkaus & Burkhard 8.200 9/27/2019 EUR 58.290
HSBC Trinkaus & Burkhard 5.100 11/22/2019 EUR 64.270
HSBC Trinkaus & Burkhard 3.700 9/27/2019 EUR 70.730
BNP Paribas Emissions- u 6.000 9/26/2019 EUR 60.130
HSBC Trinkaus & Burkhard 6.500 6/26/2020 EUR 63.870
HSBC Trinkaus & Burkhard 7.000 6/26/2020 EUR 61.170
HSBC Trinkaus & Burkhard 8.700 12/27/2019 EUR 68.200
HSBC Trinkaus & Burkhard 6.200 6/26/2020 EUR 60.590
HSBC Trinkaus & Burkhard 4.000 6/26/2020 EUR 62.550
EFG International Financ 11.600 3/19/2020 USD 71.740
UBS AG/London 12.000 12/6/2019 USD 63.460
UBS AG/London 11.000 3/5/2020 CHF 57.400
UBS AG/London 10.000 9/7/2020 CHF 55.800
Commerzbank AG 4.500 3/27/2020 EUR 68.920
BNP Paribas Emissions- u 6.000 12/30/2019 EUR 69.600
Landesbank Hessen-Thueri 6.000 9/21/2023 EUR 64.230
Bank Julius Baer & Co Lt 9.100 9/9/2019 CHF 50.850
Vontobel Financial Produ 7.500 12/13/2019 EUR 68.910
Vontobel Financial Produ 5.500 9/13/2019 EUR 71.490
Vontobel Financial Produ 7.000 9/13/2019 EUR 69.260
Vontobel Financial Produ 9.500 9/13/2019 EUR 69.340
Raiffeisen Schweiz Genos 7.100 3/10/2020 CHF 69.730
Vontobel Financial Produ 12.500 9/27/2019 EUR 69.970
Vontobel Financial Produ 9.000 9/27/2019 EUR 69.690
Vontobel Financial Produ 13.500 9/27/2019 EUR 63.970
Vontobel Financial Produ 10.500 9/27/2019 EUR 67.660
Vontobel Financial Produ 1.950 9/13/2019 EUR 42.040
Vontobel Financial Produ 7.500 9/27/2019 EUR 71.860
Landesbank Hessen-Thueri 5.000 9/21/2023 EUR 67.540
Vontobel Financial Produ 7.000 9/27/2019 EUR 71.500
Credit Suisse AG/Nassau 8.000 9/12/2019 USD 48.520
Vontobel Financial Produ 8.750 9/27/2019 EUR 57.300
Commerzbank AG 6.000 10/25/2019 EUR 62.860
Commerzbank AG 12.750 9/27/2019 EUR 63.140
HSBC Trinkaus & Burkhard 2.110 9/27/2019 EUR 65.800
Commerzbank AG 8.750 9/27/2019 EUR 68.560
Landesbank Baden-Wuertte 3.250 8/27/2021 EUR 69.960
Bank Julius Baer & Co Lt 8.000 9/12/2019 USD 50.850
HSBC Trinkaus & Burkhard 7.200 9/27/2019 EUR 59.580
HSBC Trinkaus & Burkhard 7.900 9/27/2019 EUR 73.140
HSBC Trinkaus & Burkhard 6.900 9/27/2019 EUR 59.030
HSBC Trinkaus & Burkhard 8.600 9/27/2019 EUR 50.660
HSBC Trinkaus & Burkhard 6.400 9/27/2019 EUR 31.000
HSBC Trinkaus & Burkhard 6.300 9/27/2019 EUR 69.710
BNP Paribas Emissions- u 6.100 11/21/2019 EUR 63.540
BNP Paribas Emissions- u 4.500 12/30/2019 EUR 64.980
HSBC Trinkaus & Burkhard 5.400 6/26/2020 EUR 68.510
Vontobel Financial Produ 15.000 12/31/2019 EUR 35.370
HSBC Trinkaus & Burkhard 4.200 12/27/2019 EUR 66.010
HSBC Trinkaus & Burkhard 8.200 6/26/2020 EUR 59.960
Vontobel Financial Produ 9.000 9/13/2019 EUR 63.580
HSBC Trinkaus & Burkhard 6.000 9/27/2019 EUR 71.870
HSBC Trinkaus & Burkhard 6.000 9/27/2019 EUR 71.870
HSBC Trinkaus & Burkhard 2.500 9/27/2019 EUR 61.050
Vontobel Financial Produ 16.500 12/13/2019 EUR 69.580
HSBC Trinkaus & Burkhard 11.500 9/27/2019 EUR 27.210
HSBC Trinkaus & Burkhard 9.400 9/27/2019 EUR 28.570
HSBC Trinkaus & Burkhard 3.300 9/27/2019 EUR 35.230
HSBC Trinkaus & Burkhard 8.000 11/22/2019 EUR 30.320
HSBC Trinkaus & Burkhard 5.000 12/27/2019 EUR 64.690
Bayerische Landesbank 3.350 8/7/2020 EUR 70.110
HSBC Trinkaus & Burkhard 3.600 12/27/2019 EUR 62.430
BNP Paribas Emissions- u 4.500 9/26/2019 EUR 63.130
BNP Paribas Emissions- u 6.500 9/26/2019 EUR 66.770
BNP Paribas Emissions- u 4.500 12/30/2019 EUR 63.140
BNP Paribas Emissions- u 5.000 12/30/2019 EUR 67.530
Leonteq Securities AG/Gu 10.400 12/13/2019 CHF 58.300
Bank Julius Baer & Co Lt 10.100 9/5/2019 USD 36.500
UBS AG/London 7.250 3/5/2020 CHF 65.850
UBS AG/London 9.000 9/5/2019 CHF 60.850
UBS AG/London 7.000 9/6/2019 USD 64.050
UBS AG/London 6.250 3/5/2021 CHF 68.550
UBS AG/London 5.200 1/2/2020 EUR 69.610
UBS AG/London 18.900 9/26/2019 EUR 50.740
UBS AG/London 5.900 9/26/2019 EUR 57.890
UBS AG/London 4.200 9/26/2019 EUR 72.450
UBS AG/London 11.400 9/26/2019 EUR 58.670
UBS AG/London 15.500 9/26/2019 EUR 71.500
UBS AG/London 5.000 1/2/2020 EUR 64.880
UBS AG/London 4.100 9/26/2019 EUR 63.650
UBS AG/London 6.200 1/2/2020 EUR 68.010
UBS AG/London 6.600 9/26/2019 EUR 60.750
UBS AG/London 19.700 9/26/2019 EUR 44.050
UBS AG/London 4.600 1/2/2020 EUR 71.470
UBS AG/London 3.600 9/26/2019 EUR 66.470
UBS AG/London 15.900 9/26/2019 EUR 64.640
Vontobel Financial Produ 10.050 9/20/2019 EUR 73.930
UBS AG/London 10.500 12/5/2019 CHF 52.100
UBS AG/London 6.000 9/5/2019 CHF 60.600
UBS AG/London 9.500 9/5/2019 CHF 57.500
UBS AG/London 8.000 9/7/2020 CHF 68.050
UBS AG/London 10.000 9/7/2020 EUR 69.450
UBS AG/London 9.700 9/26/2019 EUR 56.030
UBS AG/London 2.600 9/26/2019 EUR 67.230
UBS AG/London 5.800 9/26/2019 EUR 70.860
UBS AG/London 6.600 9/26/2019 EUR 73.000
UBS AG/London 7.400 9/26/2019 EUR 43.200
UBS AG/London 11.000 9/26/2019 EUR 70.490
UBS AG/London 4.100 1/2/2020 EUR 73.480
UBS AG/London 16.900 9/26/2019 EUR 45.410
UBS AG/London 10.300 9/26/2019 EUR 52.740
UBS AG/London 5.500 1/2/2020 EUR 63.600
UBS AG/London 7.500 9/26/2019 EUR 70.960
UBS AG/London 2.600 9/26/2019 EUR 50.970
UBS AG/London 7.400 9/26/2019 EUR 68.640
UBS AG/London 6.800 9/26/2019 EUR 67.240
UBS AG/London 16.800 9/26/2019 EUR 61.510
UBS AG/London 12.500 9/26/2019 EUR 65.740
UBS AG/London 2.900 9/26/2019 EUR 49.420
UBS AG/London 9.200 1/2/2020 EUR 58.570
Bank Julius Baer & Co Lt 5.000 9/13/2019 EUR 59.450
UniCredit Bank AG 4.700 10/5/2022 EUR 63.910
HSBC Trinkaus & Burkhard 4.390 9/6/2019 EUR 69.070
Raiffeisen Centrobank AG 5.500 10/9/2020 EUR 59.960
Zurcher Kantonalbank Fin 5.000 9/11/2019 CHF 72.610
Zurcher Kantonalbank Fin 5.000 9/11/2019 CHF 72.460
Bank Julius Baer & Co Lt 6.400 9/11/2019 CHF 46.450
Vontobel Financial Produ 10.500 9/13/2019 EUR 70.470
Vontobel Financial Produ 12.500 12/13/2019 EUR 60.890
Vontobel Financial Produ 4.500 9/13/2019 EUR 72.170
Vontobel Financial Produ 10.500 9/13/2019 EUR 61.480
Vontobel Financial Produ 15.500 9/13/2019 EUR 49.520
Vontobel Financial Produ 10.000 9/13/2019 EUR 55.390
Vontobel Financial Produ 8.500 12/13/2019 EUR 57.350
Vontobel Financial Produ 7.000 9/13/2019 EUR 65.600
Vontobel Financial Produ 16.500 9/13/2019 EUR 60.760
Vontobel Financial Produ 7.500 9/13/2019 EUR 70.380
Vontobel Financial Produ 8.000 9/13/2019 EUR 52.030
Vontobel Financial Produ 12.000 9/13/2019 EUR 47.890
Vontobel Financial Produ 13.000 9/13/2019 EUR 66.720
Vontobel Financial Produ 17.500 9/27/2019 EUR 56.270
Vontobel Financial Produ 4.770 9/4/2019 EUR 42.360
UniCredit Bank AG 4.400 11/27/2019 EUR 43.930
HSBC Trinkaus & Burkhard 4.700 11/22/2019 EUR 69.010
HSBC Trinkaus & Burkhard 4.300 6/26/2020 EUR 61.490
HSBC Trinkaus & Burkhard 6.100 12/27/2019 EUR 63.060
BNP Paribas Emissions- u 4.000 12/30/2019 EUR 70.150
HSBC Trinkaus & Burkhard 5.700 6/26/2020 EUR 60.090
HSBC Trinkaus & Burkhard 9.500 6/26/2020 EUR 69.090
EFG International Financ 10.400 9/19/2019 CHF 62.540
Bank Julius Baer & Co Lt 10.400 9/5/2019 USD 49.250
Vontobel Financial Produ 11.000 12/13/2019 EUR 73.980
Vontobel Financial Produ 11.500 3/13/2020 EUR 73.670
Vontobel Financial Produ 12.000 3/13/2020 EUR 72.240
Vontobel Financial Produ 11.500 12/13/2019 EUR 72.630
Vontobel Financial Produ 7.000 12/13/2019 EUR 71.890
Vontobel Financial Produ 9.500 12/13/2019 EUR 67.780
Vontobel Financial Produ 14.000 12/13/2019 EUR 61.600
Vontobel Financial Produ 10.500 3/13/2020 EUR 66.440
Vontobel Financial Produ 14.500 3/13/2020 EUR 62.040
Vontobel Financial Produ 15.000 3/13/2020 EUR 70.760
Vontobel Financial Produ 15.000 12/13/2019 EUR 70.550
Vontobel Financial Produ 6.500 12/13/2019 EUR 65.690
Vontobel Financial Produ 10.500 12/13/2019 EUR 60.110
Vontobel Financial Produ 13.000 3/13/2020 EUR 57.470
HSBC Trinkaus & Burkhard 2.620 12/30/2019 EUR 65.560
Leonteq Securities AG/Gu 6.000 9/17/2020 CHF 53.570
Leonteq Securities AG/Gu 8.000 3/17/2020 CHF 54.400
Raiffeisen Centrobank AG 9.626 3/24/2020 EUR 65.370
Raiffeisen Centrobank AG 5.143 3/24/2020 EUR 71.780
Raiffeisen Centrobank AG 10.286 3/24/2020 EUR 58.790
Raiffeisen Centrobank AG 3.857 3/24/2020 EUR 69.960
Raiffeisen Centrobank AG 10.929 3/24/2020 EUR 58.000
Raiffeisen Centrobank AG 7.714 3/24/2020 EUR 71.220
Raiffeisen Centrobank AG 9.643 3/24/2020 EUR 70.040
Raiffeisen Centrobank AG 9.000 3/24/2020 EUR 71.320
Raiffeisen Centrobank AG 9.643 3/24/2020 EUR 59.740
UBS AG/London 7.500 9/26/2019 EUR 59.500
UBS AG/London 5.100 9/26/2019 EUR 60.420
UBS AG/London 4.600 9/26/2019 EUR 73.290
UBS AG/London 5.300 9/26/2019 EUR 70.260
UBS AG/London 9.700 9/26/2019 EUR 68.600
UBS AG/London 3.800 1/2/2020 EUR 67.560
UBS AG/London 6.200 9/26/2019 EUR 71.780
UBS AG/London 12.100 9/26/2019 EUR 66.250
UBS AG/London 6.100 1/2/2020 EUR 62.430
UBS AG/London 8.700 9/26/2019 EUR 41.150
UBS AG/London 6.700 9/26/2019 EUR 57.580
UBS AG/London 7.800 9/26/2019 EUR 55.060
UBS AG/London 4.100 9/26/2019 EUR 74.130
UBS AG/London 3.400 9/26/2019 EUR 47.970
UBS AG/London 8.600 9/26/2019 EUR 55.040
UBS AG/London 7.600 1/2/2020 EUR 60.370
UBS AG/London 6.900 1/2/2020 EUR 61.390
UBS AG/London 4.400 9/26/2019 EUR 61.120
UBS AG/London 7.800 9/26/2019 EUR 71.460
UBS AG/London 8.800 9/26/2019 EUR 64.530
UBS AG/London 5.300 9/26/2019 EUR 45.430
UBS AG/London 6.700 3/26/2020 EUR 68.680
UBS AG/London 11.400 9/26/2019 EUR 38.520
UBS AG/London 5.500 9/26/2019 EUR 71.660
UBS AG/London 2.900 9/26/2019 EUR 64.760
UBS AG/London 6.300 9/26/2019 EUR 68.210
UBS AG/London 5.700 9/26/2019 EUR 62.060
UBS AG/London 11.500 9/26/2019 EUR 54.000
UBS AG/London 5.000 9/26/2019 EUR 70.370
Credit Suisse AG/London 6.000 12/12/2019 CHF 70.840
DekaBank Deutsche Giroze 2.250 6/8/2020 EUR 72.240
UniCredit Bank AG 4.300 7/18/2021 EUR 73.800
UniCredit Bank AG 3.600 7/18/2021 EUR 47.050
Landesbank Baden-Wuertte 4.000 6/26/2020 EUR 67.810
Leonteq Securities AG 9.000 3/27/2020 USD 33.690
Landesbank Hessen-Thueri 4.000 6/16/2022 EUR 69.440
Leonteq Securities AG/Gu 6.800 7/21/2020 CHF 69.500
DekaBank Deutsche Giroze 3.100 7/17/2020 EUR 67.410
EFG International Financ 6.600 8/3/2020 EUR 64.570
Leonteq Securities AG/Gu 6.000 11/19/2019 CHF 30.470
Leonteq Securities AG/Gu 5.400 6/30/2020 CHF 59.510
Corner Banca SA 8.600 6/16/2020 CHF 60.000
Landesbank Baden-Wuertte 3.500 6/26/2020 EUR 67.500
Landesbank Hessen-Thueri 4.000 1/13/2021 EUR 44.200
Citigroup Global Markets 7.000 6/16/2022 SEK 44.300
Landesbank Hessen-Thueri 3.250 2/10/2021 EUR 72.500
Landesbank Baden-Wuertte 3.200 7/24/2020 EUR 59.410
Landesbank Baden-Wuertte 4.000 7/24/2020 EUR 68.860
Landesbank Baden-Wuertte 3.150 11/22/2019 EUR 56.500
Landesbank Hessen-Thueri 5.650 10/28/2022 EUR 30.530
Bayerische Landesbank 2.600 2/21/2020 EUR 71.680
Bayerische Landesbank 2.700 2/21/2020 EUR 72.990
DekaBank Deutsche Giroze 3.600 12/20/2019 EUR 57.110
EFG International Financ 8.000 10/7/2019 EUR 67.390
DekaBank Deutsche Giroze 2.750 3/29/2021 EUR 73.440
EFG International Financ 6.000 8/3/2020 USD 36.980
Landesbank Hessen-Thueri 5.300 9/23/2022 EUR 63.180
UniCredit Bank AG 3.600 8/23/2021 EUR 49.770
Bayerische Landesbank 2.900 2/21/2020 EUR 70.920
Landesbank Hessen-Thueri 4.000 8/18/2021 EUR 35.860
UniCredit Bank AG 5.200 5/4/2020 USD 27.980
DekaBank Deutsche Giroze 2.800 3/13/2020 EUR 71.180
Leonteq Securities AG/Gu 6.000 5/22/2020 CHF 60.480
Leonteq Securities AG/Gu 6.200 7/28/2020 CHF 73.170
Leonteq Securities AG/Gu 5.200 7/28/2020 CHF 64.010
Landesbank Baden-Wuertte 2.800 1/24/2020 EUR 72.250
Landesbank Hessen-Thueri 3.000 12/16/2020 EUR 67.700
Landesbank Baden-Wuertte 3.300 6/25/2021 EUR 72.630
EFG International Financ 8.000 5/26/2020 USD 37.230
DekaBank Deutsche Giroze 6.050 9/13/2019 EUR 59.440
DekaBank Deutsche Giroze 3.000 3/13/2020 EUR 65.860
DekaBank Deutsche Giroze 3.350 3/15/2021 EUR 65.740
UniCredit Bank AG 4.300 8/29/2020 EUR 68.390
Landesbank Baden-Wuertte 3.400 7/24/2020 EUR 72.300
Leonteq Securities AG/Gu 8.000 12/27/2019 CHF 58.950
DekaBank Deutsche Giroze 3.000 6/8/2021 EUR 71.330
Leonteq Securities AG 10.400 11/22/2019 EUR 39.530
DekaBank Deutsche Giroze 2.900 8/7/2020 EUR 73.360
HSBC Trinkaus & Burkhard 5.980 2/21/2020 EUR 70.440
Landesbank Hessen-Thueri 2.750 12/16/2020 EUR 70.600
Landesbank Baden-Wuertte 3.170 5/22/2020 EUR 65.610
Landesbank Baden-Wuertte 3.400 6/26/2020 EUR 70.940
Leonteq Securities AG 3.600 9/22/2026 CHF 62.290
Landesbank Hessen-Thueri 4.000 4/13/2021 EUR 71.310
Leonteq Securities AG/Gu 7.000 7/14/2020 CHF 59.630
Leonteq Securities AG/Gu 6.000 6/23/2020 CHF 59.630
Landesbank Hessen-Thueri 5.000 8/11/2021 EUR 56.150
DekaBank Deutsche Giroze 2.250 6/8/2020 EUR 72.450
DekaBank Deutsche Giroze 2.750 6/8/2020 EUR 74.190
Raiffeisen Schweiz Genos 7.410 7/13/2020 CHF 58.670
Landesbank Hessen-Thueri 5.900 7/7/2022 EUR 71.750
Leonteq Securities AG/Gu 9.000 3/3/2020 CHF 69.550
Landesbank Baden-Wuertte 3.410 2/28/2020 EUR 72.320
Vontobel Financial Produ 8.500 12/13/2019 EUR 74.250
Vontobel Financial Produ 9.500 9/13/2019 EUR 65.180
HSBC Trinkaus & Burkhard 2.520 9/27/2019 EUR 69.180
Vontobel Financial Produ 10.000 12/13/2019 EUR 65.740
Vontobel Financial Produ 8.500 9/13/2019 EUR 67.160
Vontobel Financial Produ 7.500 12/13/2019 EUR 50.730
Raiffeisen Centrobank AG 9.396 6/23/2020 EUR 69.500
Zurcher Kantonalbank Fin 10.750 8/29/2019 CHF 60.580
UBS AG/London 6.000 8/29/2019 CHF 65.550
UBS AG/London 9.000 8/31/2020 CHF 65.950
UBS AG/London 10.000 3/2/2020 EUR 52.850
Vontobel Financial Produ 8.500 9/27/2019 EUR 50.520
Vontobel Financial Produ 11.000 9/27/2019 EUR 69.780
Vontobel Financial Produ 15.050 9/13/2019 EUR 55.340
Vontobel Financial Produ 5.100 9/13/2019 EUR 60.510
Corner Banca SA 9.000 12/10/2019 CHF 67.830
Leonteq Securities AG 6.000 9/7/2020 CHF 68.330
Bank Julius Baer & Co Lt 8.300 9/6/2019 USD 64.300
Credit Suisse AG/Nassau 8.000 12/9/2019 CHF 68.560
HSBC Trinkaus & Burkhard 4.330 9/3/2019 EUR 70.750
Zurcher Kantonalbank Fin 9.750 9/11/2019 CHF 60.540
Vontobel Financial Produ 4.000 12/13/2019 EUR 66.980
Vontobel Financial Produ 10.500 12/13/2019 EUR 70.590
Vontobel Financial Produ 14.500 12/13/2019 EUR 66.580
Vontobel Financial Produ 8.500 9/13/2019 EUR 66.760
Vontobel Financial Produ 8.500 12/13/2019 EUR 65.190
Vontobel Financial Produ 8.500 12/13/2019 EUR 66.080
Vontobel Financial Produ 9.000 9/13/2019 EUR 64.700
Vontobel Financial Produ 10.500 12/13/2019 EUR 66.050
Vontobel Financial Produ 13.500 9/13/2019 EUR 51.320
Vontobel Financial Produ 11.500 12/13/2019 EUR 54.030
Vontobel Financial Produ 16.000 12/13/2019 EUR 53.610
Vontobel Financial Produ 16.000 9/13/2019 EUR 44.420
Vontobel Financial Produ 12.000 9/13/2019 EUR 63.580
Vontobel Financial Produ 10.000 9/13/2019 EUR 66.230
Vontobel Financial Produ 17.500 9/27/2019 EUR 52.980
DZ Bank AG Deutsche Zent 5.000 9/25/2019 EUR 32.230
DZ Bank AG Deutsche Zent 10.250 9/25/2019 EUR 44.320
DZ Bank AG Deutsche Zent 7.500 9/25/2019 EUR 58.700
Barclays Bank PLC 2.500 3/4/2020 EUR 74.000
Vontobel Financial Produ 6.750 9/27/2019 EUR 68.700
Commerzbank AG 8.750 12/31/2019 EUR 67.430
Commerzbank AG 8.250 12/31/2019 EUR 74.640
Vontobel Financial Produ 6.000 12/13/2019 EUR 61.610
Vontobel Financial Produ 12.500 9/13/2019 EUR 60.610
Vontobel Financial Produ 9.500 12/13/2019 EUR 65.670
Vontobel Financial Produ 16.000 12/13/2019 EUR 57.170
Vontobel Financial Produ 8.000 9/13/2019 EUR 64.960
Vontobel Financial Produ 4.000 12/13/2019 EUR 74.240
Vontobel Financial Produ 14.500 9/13/2019 EUR 66.120
Vontobel Financial Produ 4.500 9/13/2019 EUR 71.070
Vontobel Financial Produ 11.500 9/13/2019 EUR 53.260
Vontobel Financial Produ 8.500 12/13/2019 EUR 63.510
Vontobel Financial Produ 11.000 9/13/2019 EUR 58.090
Commerzbank AG 13.750 12/31/2019 EUR 64.960
Commerzbank AG 3.000 12/31/2019 EUR 71.180
Vontobel Financial Produ 10.000 9/13/2019 EUR 72.250
Vontobel Financial Produ 5.500 12/13/2019 EUR 73.120
Vontobel Financial Produ 3.500 12/13/2019 EUR 56.500
Vontobel Financial Produ 11.500 9/13/2019 EUR 46.220
Vontobel Financial Produ 12.000 1/3/2020 EUR 61.610
Vontobel Financial Produ 11.500 9/27/2019 EUR 62.140
Bayerische Landesbank 2.600 11/13/2020 EUR 69.350
Bayerische Landesbank 2.400 11/13/2020 EUR 69.510
Leonteq Securities AG/Gu 7.000 12/1/2020 CHF 72.720
DekaBank Deutsche Giroze 5.000 2/28/2020 EUR 57.170
EFG International Financ 13.600 2/20/2020 USD 63.960
UBS AG/London 5.750 2/3/2020 CHF 58.900
Credit Suisse AG/Nassau 8.000 9/2/2019 EUR 66.460
UBS AG/London 6.000 8/3/2020 CHF 39.350
DZ Bank AG Deutsche Zent 12.000 3/25/2020 EUR 56.830
DZ Bank AG Deutsche Zent 6.500 3/25/2020 EUR 65.330
Raiffeisen Schweiz Genos 6.000 9/1/2020 CHF 67.350
Raiffeisen Schweiz Genos 8.800 3/1/2021 EUR 68.420
DZ Bank AG Deutsche Zent 11.000 12/27/2019 EUR 70.100
DZ Bank AG Deutsche Zent 4.250 3/25/2020 EUR 53.840
DZ Bank AG Deutsche Zent 11.500 12/27/2019 EUR 67.200
Landesbank Baden-Wuertte 4.600 3/27/2020 EUR 65.950
HSBC Trinkaus & Burkhard 0.750 4/22/2020 EUR 62.690
Landesbank Baden-Wuertte 3.000 3/26/2021 EUR 72.850
Landesbank Baden-Wuertte 4.500 3/26/2021 EUR 69.360
Landesbank Baden-Wuertte 6.000 3/26/2021 EUR 67.780
Landesbank Baden-Wuertte 3.000 3/26/2021 EUR 54.280
Landesbank Baden-Wuertte 5.500 3/26/2021 EUR 50.380
Landesbank Baden-Wuertte 5.000 3/26/2021 EUR 74.150
Bank J Safra Sarasin AG/ 10.400 3/5/2020 CHF 52.820
UBS AG/London 9.000 9/7/2020 EUR 60.890
UBS AG/London 6.500 9/26/2019 EUR 67.100
UBS AG/London 3.900 6/25/2020 EUR 70.780
UBS AG/London 14.000 3/26/2020 EUR 60.390
UBS AG/London 6.400 3/26/2020 EUR 69.500
UBS AG/London 4.000 3/26/2020 EUR 75.410
UBS AG/London 4.400 9/26/2019 EUR 70.810
UBS AG/London 22.100 1/2/2020 EUR 72.720
UBS AG/London 9.000 3/26/2020 EUR 64.250
UBS AG/London 18.700 9/26/2019 EUR 73.470
UBS AG/London 9.200 3/26/2020 EUR 67.750
UBS AG/London 9.400 3/26/2020 EUR 65.580
UBS AG/London 6.000 6/25/2020 EUR 70.020
UBS AG/London 5.800 6/25/2020 EUR 66.200
UBS AG/London 4.300 6/25/2020 EUR 69.480
UBS AG/London 5.500 6/25/2020 EUR 67.400
UBS AG/London 4.800 6/25/2020 EUR 68.330
UBS AG/London 7.300 3/26/2020 EUR 66.880
UBS AG/London 5.300 3/26/2020 EUR 67.640
UBS AG/London 4.800 3/26/2020 EUR 68.890
UBS AG/London 20.500 3/26/2020 EUR 74.540
UBS AG/London 6.400 6/25/2020 EUR 65.300
UBS AG/London 8.200 6/25/2020 EUR 64.200
UBS AG/London 15.600 3/26/2020 EUR 63.310
UBS AG/London 8.400 3/26/2020 EUR 65.210
UBS AG/London 7.400 3/26/2020 EUR 65.980
UBS AG/London 7.400 3/26/2020 EUR 69.120
UBS AG/London 5.500 3/26/2020 EUR 73.370
UBS AG/London 5.000 3/26/2020 EUR 72.040
UBS AG/London 3.000 3/26/2020 EUR 72.840
UBS AG/London 12.900 6/25/2020 EUR 60.470
UBS AG/London 7.700 6/25/2020 EUR 65.070
UBS AG/London 6.300 3/26/2020 EUR 66.750
UBS AG/London 8.700 6/25/2020 EUR 63.380
UBS AG/London 6.000 3/26/2020 EUR 70.890
UBS AG/London 4.100 3/26/2020 EUR 70.080
UBS AG/London 18.100 3/26/2020 EUR 73.820
UBS AG/London 12.200 3/26/2020 EUR 72.120
Commerzbank AG 6.000 12/31/2019 EUR 70.130
Bank Julius Baer & Co Lt 7.000 3/6/2020 EUR 62.450
BNP Paribas Emissions- u 3.000 3/26/2020 EUR 70.790
BNP Paribas Emissions- u 6.000 3/26/2020 EUR 67.080
BNP Paribas Emissions- u 4.000 9/24/2020 EUR 71.270
BNP Paribas Emissions- u 5.000 9/24/2020 EUR 69.310
BNP Paribas Emissions- u 6.000 9/24/2020 EUR 67.560
Commerzbank AG 17.000 12/31/2019 EUR 72.600
Commerzbank AG 15.750 12/31/2019 EUR 67.750
BNP Paribas Emissions- u 5.000 12/30/2019 EUR 68.250
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 65.810
Commerzbank AG 21.000 9/27/2019 EUR 68.890
Societe Generale Effekte 15.978 12/20/2019 EUR 72.070
Societe Generale Effekte 19.159 3/20/2020 EUR 72.250
Societe Generale Effekte 8.026 3/20/2020 EUR 66.850
Societe Generale Effekte 8.803 3/20/2020 EUR 65.880
Societe Generale Effekte 16.052 3/20/2020 EUR 61.610
Societe Generale Effekte 5.782 6/19/2020 EUR 72.350
Societe Generale Effekte 6.425 6/19/2020 EUR 71.080
Societe Generale Effekte 7.388 6/19/2020 EUR 70.150
Societe Generale Effekte 8.031 6/19/2020 EUR 68.940
Societe Generale Effekte 8.995 6/19/2020 EUR 68.150
Societe Generale Effekte 9.637 6/19/2020 EUR 67.120
Societe Generale Effekte 10.601 6/19/2020 EUR 66.380
Societe Generale Effekte 11.564 6/19/2020 EUR 65.670
Societe Generale Effekte 12.528 6/19/2020 EUR 65.020
Societe Generale Effekte 18.632 6/19/2020 EUR 62.330
Societe Generale Effekte 16.327 9/20/2019 EUR 71.450
Societe Generale Effekte 20.510 9/20/2019 EUR 67.600
Societe Generale Effekte 24.558 9/20/2019 EUR 64.240
Societe Generale Effekte 26.716 9/20/2019 EUR 61.080
Societe Generale Effekte 17.753 12/20/2019 EUR 76.420
Societe Generale Effekte 4.142 12/20/2019 EUR 60.990
Societe Generale Effekte 6.312 12/20/2019 EUR 55.430
Societe Generale Effekte 9.074 12/20/2019 EUR 51.370
Societe Generale Effekte 12.230 12/20/2019 EUR 48.400
Societe Generale Effekte 4.660 3/20/2020 EUR 61.620
Societe Generale Effekte 7.249 3/20/2020 EUR 56.740
Societe Generale Effekte 10.097 3/20/2020 EUR 53.180
Societe Generale Effekte 13.204 3/20/2020 EUR 50.660
Societe Generale Effekte 9.637 6/19/2020 EUR 58.760
Societe Generale Effekte 12.849 6/19/2020 EUR 55.730
Societe Generale Effekte 10.740 9/18/2020 EUR 59.920
Societe Generale Effekte 14.192 9/18/2020 EUR 57.320
Societe Generale Effekte 28.268 6/19/2020 EUR 73.910
Societe Generale Effekte 7.767 3/20/2020 EUR 70.550
Societe Generale Effekte 9.321 3/20/2020 EUR 68.840
Societe Generale Effekte 10.874 3/20/2020 EUR 67.300
Societe Generale Effekte 15.793 3/20/2020 EUR 63.870
Vontobel Financial Produ 11.000 3/27/2020 EUR 61.950
Deutsche Bank AG 8.200 9/24/2019 EUR 74.400
Deutsche Bank AG 8.200 9/24/2019 EUR 52.700
Deutsche Bank AG 8.200 9/24/2019 EUR 47.500
Deutsche Bank AG 8.200 9/24/2019 EUR 43.200
Deutsche Bank AG 8.200 12/24/2019 EUR 54.600
Deutsche Bank AG 8.200 12/24/2019 EUR 49.500
Deutsche Bank AG 8.200 12/24/2019 EUR 45.200
Deutsche Bank AG 8.200 3/24/2020 EUR 56.500
Deutsche Bank AG 8.200 3/24/2020 EUR 51.400
Deutsche Bank AG 8.200 3/24/2020 EUR 47.200
Deutsche Bank AG 8.200 6/23/2020 EUR 58.400
Deutsche Bank AG 8.200 6/23/2020 EUR 53.400
Deutsche Bank AG 8.200 6/23/2020 EUR 49.200
Deutsche Bank AG 8.200 9/22/2020 EUR 60.200
Deutsche Bank AG 8.200 9/22/2020 EUR 55.300
Deutsche Bank AG 8.200 9/22/2020 EUR 51.200
Deutsche Bank AG 8.200 12/22/2020 EUR 62.100
Deutsche Bank AG 8.200 12/22/2020 EUR 57.300
Deutsche Bank AG 8.200 12/22/2020 EUR 53.200
Deutsche Bank AG 8.200 9/24/2019 EUR 72.100
Commerzbank AG 16.000 9/27/2019 EUR 65.110
Commerzbank AG 6.000 12/31/2019 EUR 71.890
HSBC Trinkaus & Burkhard 1.250 4/22/2020 EUR 67.920
DekaBank Deutsche Giroze 3.000 12/13/2019 EUR 46.720
Zurcher Kantonalbank Fin 9.000 12/19/2019 CHF 68.640
UniCredit Bank AG 4.200 1/4/2021 EUR 43.030
Leonteq Securities AG/Gu 7.400 12/22/2020 CHF 54.610
Leonteq Securities AG/Gu 4.000 12/29/2020 CHF 46.770
UBS AG/London 7.000 6/15/2020 CHF 73.150
UBS AG/London 6.750 12/13/2019 USD 32.300
UBS AG/London 7.000 12/13/2019 CHF 71.750
UBS AG/London 8.500 6/15/2020 CHF 55.300
UBS AG/London 6.250 12/13/2019 USD 32.200
UBS AG/London 8.250 12/13/2019 USD 46.250
Leonteq Securities AG/Gu 7.000 12/27/2019 CHF 67.470
EFG International Financ 7.200 12/29/2020 EUR 55.930
EFG International Financ 8.000 1/3/2020 CHF 66.990
DekaBank Deutsche Giroze 3.000 6/17/2020 EUR 69.100
Raiffeisen Schweiz Genos 9.400 12/27/2019 CHF 48.070
Vontobel Financial Produ 8.300 12/18/2019 EUR 63.550
Landesbank Baden-Wuertte 2.800 12/23/2022 EUR 66.150
UniCredit Bank AG 4.500 8/6/2021 EUR 63.540
DekaBank Deutsche Giroze 5.700 7/31/2020 EUR 68.640
UniCredit Bank AG 6.000 1/18/2021 EUR 65.690
UniCredit Bank AG 4.500 1/18/2022 EUR 45.570
UniCredit Bank AG 5.300 7/19/2021 EUR 65.960
DekaBank Deutsche Giroze 5.000 7/31/2020 EUR 41.130
UniCredit Bank AG 4.100 2/13/2023 EUR 68.880
UniCredit Bank AG 3.500 2/13/2023 EUR 62.160
Landesbank Baden-Wuertte 2.550 10/25/2019 EUR 72.970
Landesbank Baden-Wuertte 2.200 10/25/2019 EUR 69.250
Landesbank Baden-Wuertte 3.000 2/26/2021 EUR 64.950
Landesbank Baden-Wuertte 3.000 2/26/2021 EUR 69.450
Landesbank Baden-Wuertte 3.800 2/26/2021 EUR 44.460
Landesbank Baden-Wuertte 3.200 2/26/2021 EUR 60.060
UBS AG/London 8.500 6/22/2020 EUR 72.250
UBS AG/London 5.750 6/22/2020 EUR 71.850
UBS AG/London 11.250 12/20/2019 EUR 46.500
Leonteq Securities AG/Gu 10.000 1/3/2020 USD 44.940
Raiffeisen Schweiz Genos 7.000 12/30/2019 CHF 65.430
DekaBank Deutsche Giroze 3.550 1/5/2022 EUR 70.720
DekaBank Deutsche Giroze 2.100 1/5/2021 EUR 55.210
Landesbank Hessen-Thueri 3.000 7/29/2020 EUR 64.100
UniCredit Bank AG 3.500 1/5/2021 EUR 45.460
UniCredit Bank AG 3.500 1/5/2021 EUR 37.710
UniCredit Bank AG 3.500 1/5/2021 EUR 54.670
UniCredit Bank AG 4.000 1/5/2021 EUR 53.610
DekaBank Deutsche Giroze 4.550 7/31/2020 EUR 57.550
DekaBank Deutsche Giroze 6.050 7/31/2020 EUR 49.940
UniCredit Bank AG 3.750 1/18/2022 EUR 69.190
EFG International Financ 12.520 1/2/2020 USD 68.250
Landesbank Hessen-Thueri 4.600 5/2/2023 EUR 68.460
Landesbank Baden-Wuertte 2.300 2/25/2022 EUR 70.870
Landesbank Baden-Wuertte 2.400 2/25/2022 EUR 67.540
Landesbank Baden-Wuertte 3.000 2/25/2022 EUR 57.690
Raiffeisen Centrobank AG 5.200 2/3/2020 EUR 66.780
UBS AG/London 6.000 12/30/2019 CHF 66.350
UBS AG/London 5.250 12/30/2019 CHF 62.750
DekaBank Deutsche Giroze 3.250 1/24/2020 EUR 50.500
Bayerische Landesbank 2.700 8/20/2021 EUR 65.630
Leonteq Securities AG/Gu 7.600 1/9/2020 CHF 67.130
Leonteq Securities AG/Gu 7.200 1/4/2021 CHF 70.340
Leonteq Securities AG/Gu 10.000 1/3/2020 CHF 44.350
Leonteq Securities AG/Gu 8.400 1/3/2020 CHF 60.640
Raiffeisen Schweiz Genos 6.900 12/30/2019 EUR 50.800
Leonteq Securities AG/Gu 8.000 1/12/2021 EUR 70.850
Leonteq Securities AG/Gu 9.000 1/12/2021 USD 37.960
UBS AG/London 9.750 7/6/2020 EUR 70.200
UBS AG/London 6.250 1/6/2020 CHF 45.200
UBS AG/London 12.000 1/6/2020 CHF 53.250
UBS AG/London 7.000 1/6/2020 CHF 66.050
Landesbank Baden-Wuertte 2.000 2/28/2020 EUR 57.330
Landesbank Baden-Wuertte 3.000 2/28/2020 EUR 52.440
Landesbank Baden-Wuertte 4.000 2/28/2020 EUR 50.610
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 46.930
Landesbank Hessen-Thueri 4.000 1/26/2022 EUR 58.350
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 50.800
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 47.710
Landesbank Baden-Wuertte 6.000 1/24/2020 EUR 45.080
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 58.910
Landesbank Baden-Wuertte 4.500 1/24/2020 EUR 52.880
Landesbank Baden-Wuertte 6.000 1/24/2020 EUR 49.850
Landesbank Baden-Wuertte 3.500 1/24/2020 EUR 66.670
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 62.590
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 73.860
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 70.950
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 73.890
Landesbank Baden-Wuertte 2.500 1/24/2020 EUR 73.530
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 65.920
Landesbank Baden-Wuertte 2.500 1/24/2020 EUR 56.410
Landesbank Baden-Wuertte 3.500 1/24/2020 EUR 52.750
Landesbank Baden-Wuertte 4.500 1/24/2020 EUR 49.510
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 72.440
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 68.780
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 66.300
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 74.450
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 71.380
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 67.950
Landesbank Baden-Wuertte 2.500 1/24/2020 EUR 66.240
Landesbank Baden-Wuertte 3.500 1/24/2020 EUR 63.090
Landesbank Baden-Wuertte 2.000 1/24/2020 EUR 53.100
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 49.120
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 45.870
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 44.650
Landesbank Baden-Wuertte 2.500 1/24/2020 EUR 20.280
Landesbank Baden-Wuertte 3.500 1/24/2020 EUR 19.280
Landesbank Baden-Wuertte 2.000 1/24/2020 EUR 59.130
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 55.160
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 41.270
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 38.820
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 50.630
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 48.650
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 44.890
Landesbank Baden-Wuertte 2.000 1/24/2020 EUR 60.540
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 56.410
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 52.880
Landesbank Baden-Wuertte 2.500 1/24/2020 EUR 70.250
Landesbank Baden-Wuertte 3.500 1/24/2020 EUR 66.340
Landesbank Baden-Wuertte 4.500 1/24/2020 EUR 63.810
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 54.470
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 62.670
Landesbank Baden-Wuertte 4.500 1/24/2020 EUR 57.740
Landesbank Baden-Wuertte 6.000 1/24/2020 EUR 51.720
Landesbank Baden-Wuertte 2.000 1/24/2020 EUR 65.500
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 69.780
UBS AG/London 9.000 1/6/2020 USD 45.750
UBS AG/London 5.750 1/6/2020 CHF 62.850
UBS AG/London 5.750 7/6/2020 EUR 60.400
UBS AG/London 7.750 1/6/2020 EUR 54.650
Commerzbank AG 2.800 12/30/2019 USD 47.640
DekaBank Deutsche Giroze 3.500 1/24/2020 EUR 43.180
DekaBank Deutsche Giroze 2.400 1/24/2020 EUR 67.080
DekaBank Deutsche Giroze 2.000 1/22/2021 EUR 64.810
DekaBank Deutsche Giroze 2.000 1/22/2021 EUR 56.230
DekaBank Deutsche Giroze 3.400 1/24/2020 EUR 46.170
Bank Julius Baer & Co Lt 10.350 5/4/2020 EUR 71.850
Vontobel Financial Produ 9.720 10/31/2019 EUR 62.300
Vontobel Financial Produ 13.500 1/3/2020 EUR 64.450
Vontobel Financial Produ 11.000 1/3/2020 EUR 66.880
Vontobel Financial Produ 14.000 3/27/2020 EUR 64.770
Vontobel Financial Produ 4.400 8/24/2020 EUR 68.980
Vontobel Financial Produ 9.500 2/28/2020 EUR 42.390
Vontobel Financial Produ 13.000 2/28/2020 EUR 64.730
Landesbank Baden-Wuertte 4.800 2/25/2022 EUR 69.400
Deutsche Bank AG 7.400 3/24/2020 EUR 73.100
Deutsche Bank AG 5.400 3/24/2020 EUR 68.960
Deutsche Bank AG 5.400 3/24/2020 EUR 65.900
Deutsche Bank AG 7.400 3/24/2020 EUR 64.270
Deutsche Bank AG 5.400 1/21/2020 EUR 64.990
Deutsche Bank AG 5.400 2/25/2020 EUR 65.490
Deutsche Bank AG 5.400 3/24/2020 EUR 74.500
Deutsche Bank AG 7.400 3/24/2020 EUR 71.500
Leonteq Securities AG/Gu 9.600 8/4/2020 CHF 63.790
Leonteq Securities AG 10.000 9/18/2019 CHF 59.430
Leonteq Securities AG 13.000 9/18/2019 USD 60.420
Corner Banca SA 11.000 12/18/2019 CHF 48.960
Leonteq Securities AG 5.000 6/15/2021 CHF 52.160
Leonteq Securities AG 12.000 9/18/2019 CHF 47.120
Leonteq Securities AG 8.200 9/18/2019 CHF 73.230
UBS AG/London 7.100 1/2/2020 EUR 54.200
UBS AG/London 3.000 9/26/2019 EUR 55.050
UBS AG/London 4.700 9/26/2019 EUR 51.300
UBS AG/London 4.200 3/26/2020 EUR 72.020
UBS AG/London 4.400 9/26/2019 EUR 65.340
UBS AG/London 3.000 9/26/2019 EUR 70.830
UBS AG/London 8.100 9/26/2019 EUR 58.500
UBS AG/London 4.400 9/26/2019 EUR 62.950
UBS AG/London 7.200 9/26/2019 EUR 52.210
UBS AG/London 4.500 9/26/2019 EUR 61.280
UBS AG/London 6.100 6/25/2020 EUR 53.210
UBS AG/London 4.800 9/26/2019 EUR 50.140
UBS AG/London 4.300 1/2/2020 EUR 53.740
UBS AG/London 8.100 1/2/2020 EUR 52.000
UBS AG/London 6.000 9/26/2019 EUR 68.270
UBS AG/London 6.100 9/26/2019 EUR 65.100
UBS AG/London 12.400 9/26/2019 EUR 54.000
UBS AG/London 4.300 9/26/2019 EUR 64.710
UBS AG/London 3.700 9/26/2019 EUR 66.540
UBS AG/London 9.200 9/26/2019 EUR 58.400
UBS AG/London 5.200 9/26/2019 EUR 65.260
UBS AG/London 4.100 9/26/2019 EUR 73.010
HSBC Trinkaus & Burkhard 5.400 9/27/2019 EUR 72.640
HSBC Trinkaus & Burkhard 3.900 10/25/2019 EUR 62.670
HSBC Trinkaus & Burkhard 3.600 9/27/2019 EUR 70.000
HSBC Trinkaus & Burkhard 5.600 10/25/2019 EUR 63.970
HSBC Trinkaus & Burkhard 5.000 10/25/2019 EUR 70.340
HSBC Trinkaus & Burkhard 5.900 10/25/2019 EUR 52.730
HSBC Trinkaus & Burkhard 3.600 10/25/2019 EUR 56.930
HSBC Trinkaus & Burkhard 5.200 10/25/2019 EUR 58.110
HSBC Trinkaus & Burkhard 4.000 10/25/2019 EUR 64.020
Credit Suisse AG/Nassau 8.000 12/18/2019 EUR 64.850
Raiffeisen Schweiz Genos 7.100 6/15/2020 CHF 59.760
Raiffeisen Schweiz Genos 5.300 12/15/2020 EUR 69.290
Landesbank Hessen-Thueri 3.100 10/16/2019 EUR 66.500
Credit Suisse AG/Nassau 7.000 12/30/2019 CHF 58.430
DZ Bank AG Deutsche Zent 4.200 9/23/2019 EUR 72.800
DZ Bank AG Deutsche Zent 4.700 9/23/2019 EUR 71.100
DZ Bank AG Deutsche Zent 4.500 9/23/2019 EUR 50.160
DZ Bank AG Deutsche Zent 5.000 9/23/2019 EUR 69.380
DZ Bank AG Deutsche Zent 8.250 9/23/2019 EUR 71.950
DZ Bank AG Deutsche Zent 5.750 9/23/2019 EUR 42.680
DZ Bank AG Deutsche Zent 5.000 9/23/2019 EUR 60.830
DZ Bank AG Deutsche Zent 9.250 9/23/2019 EUR 61.140
DZ Bank AG Deutsche Zent 8.000 9/23/2019 EUR 66.820
DZ Bank AG Deutsche Zent 5.000 9/23/2019 EUR 50.500
DZ Bank AG Deutsche Zent 6.500 9/23/2019 EUR 55.830
DZ Bank AG Deutsche Zent 6.500 9/23/2019 EUR 65.690
DZ Bank AG Deutsche Zent 8.500 9/23/2019 EUR 60.620
DZ Bank AG Deutsche Zent 4.750 9/23/2019 EUR 63.350
DZ Bank AG Deutsche Zent 6.250 9/23/2019 EUR 70.430
Deutsche Bank AG 5.500 9/24/2019 EUR 68.000
Deutsche Bank AG 5.500 12/24/2019 EUR 69.400
Deutsche Bank AG 5.500 9/24/2019 EUR 58.500
Deutsche Bank AG 5.500 9/24/2019 EUR 54.300
Deutsche Bank AG 5.500 12/24/2019 EUR 59.900
Deutsche Bank AG 5.500 12/24/2019 EUR 55.700
Deutsche Bank AG 5.500 9/24/2019 EUR 63.700
Deutsche Bank AG 5.500 9/24/2019 EUR 58.700
Deutsche Bank AG 5.500 12/24/2019 EUR 64.700
Deutsche Bank AG 5.500 12/24/2019 EUR 59.700
Deutsche Bank AG 5.500 9/24/2019 EUR 62.140
Deutsche Bank AG 5.500 9/24/2019 EUR 58.280
Deutsche Bank AG 5.500 9/24/2019 EUR 54.870
Deutsche Bank AG 5.500 12/24/2019 EUR 63.420
Deutsche Bank AG 5.500 12/24/2019 EUR 59.610
Deutsche Bank AG 5.500 12/24/2019 EUR 56.430
Deutsche Bank AG 5.500 9/24/2019 EUR 73.100
Deutsche Bank AG 5.500 9/24/2019 EUR 69.200
Deutsche Bank AG 5.500 9/24/2019 EUR 64.600
Deutsche Bank AG 5.500 12/24/2019 EUR 70.400
Deutsche Bank AG 5.500 12/24/2019 EUR 65.800
Deutsche Bank AG 5.500 9/24/2019 EUR 71.800
Deutsche Bank AG 5.500 9/24/2019 EUR 67.000
Deutsche Bank AG 5.500 12/24/2019 EUR 73.100
Deutsche Bank AG 5.500 12/24/2019 EUR 68.300
Deutsche Bank AG 5.500 9/24/2019 EUR 54.800
Deutsche Bank AG 5.500 9/24/2019 EUR 52.100
Deutsche Bank AG 5.500 12/24/2019 EUR 56.100
Deutsche Bank AG 5.500 12/24/2019 EUR 53.400
Deutsche Bank AG 5.500 9/24/2019 EUR 49.900
Deutsche Bank AG 5.500 9/24/2019 EUR 45.400
Deutsche Bank AG 5.500 12/24/2019 EUR 51.000
Deutsche Bank AG 5.500 12/24/2019 EUR 46.500
Deutsche Bank AG 5.500 9/24/2019 EUR 69.200
Deutsche Bank AG 5.500 9/24/2019 EUR 63.000
Deutsche Bank AG 5.500 12/24/2019 EUR 70.300
Deutsche Bank AG 5.500 9/24/2019 EUR 49.400
Deutsche Bank AG 5.500 9/24/2019 EUR 44.500
Deutsche Bank AG 5.500 12/24/2019 EUR 50.800
Deutsche Bank AG 5.500 12/24/2019 EUR 45.900
Deutsche Bank AG 5.500 9/24/2019 EUR 39.700
Deutsche Bank AG 5.500 9/24/2019 EUR 37.800
Deutsche Bank AG 5.500 9/24/2019 EUR 35.400
Deutsche Bank AG 5.500 12/24/2019 EUR 41.000
Deutsche Bank AG 5.500 12/24/2019 EUR 39.200
Deutsche Bank AG 5.500 12/24/2019 EUR 36.700
Deutsche Bank AG 5.500 12/24/2019 EUR 64.100
Deutsche Bank AG 5.500 9/24/2019 EUR 19.900
Deutsche Bank AG 5.500 9/24/2019 EUR 19.200
Deutsche Bank AG 5.500 12/24/2019 EUR 21.300
Deutsche Bank AG 5.500 12/24/2019 EUR 20.500
Deutsche Bank AG 5.500 9/24/2019 EUR 73.000
Deutsche Bank AG 5.500 12/24/2019 EUR 73.800
Credit Suisse AG/London 7.000 12/18/2019 CHF 55.790
Credit Suisse AG/London 8.250 9/18/2019 USD 62.570
Bank Julius Baer & Co Lt 5.200 9/19/2019 CHF 63.650
Landesbank Hessen-Thueri 3.050 10/16/2019 EUR 47.500
Leonteq Securities AG 10.000 12/27/2019 EUR 70.830
DekaBank Deutsche Giroze 5.600 1/4/2021 EUR 72.840
DekaBank Deutsche Giroze 4.300 1/4/2021 EUR 55.170
Leonteq Securities AG/Gu 10.000 9/12/2019 USD 59.330
Credit Suisse AG/London 7.000 12/23/2019 EUR 62.490
UBS AG/London 8.500 6/15/2020 USD 66.900
UBS AG/London 10.250 6/15/2020 CHF 50.700
UBS AG/London 8.000 6/15/2020 CHF 67.850
UBS AG/London 7.000 12/14/2020 CHF 58.350
UBS AG/London 8.750 6/15/2020 EUR 61.650
UBS AG/London 6.500 12/14/2020 EUR 66.000
UBS AG/London 5.500 12/13/2019 CHF 65.300
UBS AG/London 5.750 12/13/2019 EUR 72.300
UBS AG/London 6.500 12/13/2019 CHF 62.300
Landesbank Hessen-Thueri 3.500 7/19/2021 EUR 74.100
Bayerische Landesbank 3.000 7/17/2020 EUR 64.450
EFG International Financ 8.400 1/3/2020 CHF 30.250
Credit Suisse AG/Nassau 7.000 6/22/2021 CHF 63.800
Bank Julius Baer & Co Lt 7.250 12/23/2019 CHF 64.350
Bank Julius Baer & Co Lt 8.500 12/23/2019 EUR 62.650
Vontobel Financial Produ 4.200 9/27/2019 EUR 62.887
DekaBank Deutsche Giroze 3.350 7/10/2020 EUR 62.450
DekaBank Deutsche Giroze 2.450 7/10/2020 EUR 75.140
Bank Julius Baer & Co Lt 4.350 9/20/2019 EUR 66.250
SecurAsset SA 5.250 6/30/2022 EUR 43.700
Leonteq Securities AG 5.200 12/22/2020 CHF 60.320
Leonteq Securities AG 14.000 9/25/2019 CHF 47.280
Leonteq Securities AG 12.200 9/25/2019 CHF 59.470
Raiffeisen Schweiz Genos 6.100 6/22/2020 CHF 64.490
Raiffeisen Schweiz Genos 6.000 1/6/2020 CHF 47.130
Raiffeisen Schweiz Genos 10.900 1/6/2020 USD 66.570
Raiffeisen Schweiz Genos 6.300 1/6/2020 CHF 57.160
Raiffeisen Schweiz Genos 5.000 12/22/2020 CHF 71.280
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 56.570
BNP Paribas Emissions- u 9.000 12/30/2019 EUR 57.250
BNP Paribas Emissions- u 12.000 12/30/2019 EUR 58.270
BNP Paribas Emissions- u 3.500 12/30/2019 EUR 69.940
BNP Paribas Emissions- u 4.500 12/30/2019 EUR 69.820
BNP Paribas Emissions- u 3.500 9/26/2019 EUR 72.510
BNP Paribas Emissions- u 18.000 12/30/2019 EUR 66.970
BNP Paribas Emissions- u 6.500 12/30/2019 EUR 59.550
BNP Paribas Emissions- u 8.500 12/30/2019 EUR 60.230
BNP Paribas Emissions- u 11.000 12/30/2019 EUR 61.080
BNP Paribas Emissions- u 15.000 12/30/2019 EUR 62.440
BNP Paribas Emissions- u 19.000 12/30/2019 EUR 63.800
BNP Paribas Emissions- u 5.000 12/30/2019 EUR 55.890
BNP Paribas Emissions- u 4.500 9/26/2019 EUR 63.150
BNP Paribas Emissions- u 6.000 9/26/2019 EUR 60.410
BNP Paribas Emissions- u 3.000 12/30/2019 EUR 70.230
BNP Paribas Emissions- u 4.500 12/30/2019 EUR 64.260
BNP Paribas Emissions- u 6.500 12/30/2019 EUR 69.290
BNP Paribas Emissions- u 8.500 12/30/2019 EUR 69.970
BNP Paribas Emissions- u 11.000 12/30/2019 EUR 70.820
BNP Paribas Emissions- u 15.000 12/30/2019 EUR 72.180
BNP Paribas Emissions- u 5.000 12/30/2019 EUR 67.480
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 68.160
BNP Paribas Emissions- u 9.000 12/30/2019 EUR 68.840
BNP Paribas Emissions- u 12.000 12/30/2019 EUR 69.860
BNP Paribas Emissions- u 5.500 12/30/2019 EUR 61.550
BNP Paribas Emissions- u 7.500 12/30/2019 EUR 62.230
BNP Paribas Emissions- u 9.500 12/30/2019 EUR 62.910
BNP Paribas Emissions- u 13.000 12/30/2019 EUR 64.100
BNP Paribas Emissions- u 17.000 12/30/2019 EUR 65.440
BNP Paribas Emissions- u 9.500 12/30/2019 EUR 54.600
BNP Paribas Emissions- u 13.000 12/30/2019 EUR 55.790
BNP Paribas Emissions- u 17.000 12/30/2019 EUR 57.150
BNP Paribas Emissions- u 4.000 12/30/2019 EUR 50.180
BNP Paribas Emissions- u 6.000 12/30/2019 EUR 50.860
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 51.540
BNP Paribas Emissions- u 10.000 12/30/2019 EUR 52.220
BNP Paribas Emissions- u 14.000 12/30/2019 EUR 53.580
BNP Paribas Emissions- u 18.000 12/30/2019 EUR 54.940
BNP Paribas Emissions- u 16.000 12/30/2019 EUR 59.630
BNP Paribas Emissions- u 20.000 12/30/2019 EUR 60.990
BNP Paribas Emissions- u 4.500 12/30/2019 EUR 52.900
BNP Paribas Emissions- u 7.500 12/30/2019 EUR 53.920
Raiffeisen Centrobank AG 6.061 9/24/2019 EUR 74.460
Raiffeisen Centrobank AG 4.242 9/24/2019 EUR 71.110
Raiffeisen Centrobank AG 7.273 9/24/2019 EUR 70.550
Raiffeisen Centrobank AG 5.455 9/24/2019 EUR 62.660
Raiffeisen Centrobank AG 3.030 9/24/2019 EUR 63.580
Raiffeisen Centrobank AG 7.273 9/24/2019 EUR 52.660
Raiffeisen Centrobank AG 6.061 9/24/2019 EUR 55.230
Landesbank Baden-Wuertte 3.000 2/26/2021 EUR 71.950
Landesbank Baden-Wuertte 3.000 2/26/2021 EUR 62.800
DekaBank Deutsche Giroze 2.050 12/11/2020 EUR 54.240
DekaBank Deutsche Giroze 2.750 12/11/2020 EUR 51.490
DekaBank Deutsche Giroze 3.000 2/14/2020 EUR 53.750
DekaBank Deutsche Giroze 4.250 8/21/2020 EUR 59.150
DekaBank Deutsche Giroze 6.550 8/21/2020 EUR 54.190
DekaBank Deutsche Giroze 3.000 8/27/2021 EUR 60.280
DekaBank Deutsche Giroze 2.000 12/13/2019 EUR 55.870
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 58.020
Landesbank Baden-Wuertte 4.800 9/27/2019 EUR 47.950
Landesbank Baden-Wuertte 5.100 9/27/2019 EUR 68.330
Landesbank Hessen-Thueri 3.500 3/9/2022 EUR 57.000
Leonteq Securities AG/Gu 7.500 2/12/2021 CHF 72.870
Zurcher Kantonalbank Fin 4.704 2/5/2021 CHF 63.720
UniCredit Bank AG 4.000 3/13/2022 EUR 59.240
DZ Bank AG Deutsche Zent 4.000 12/31/2019 EUR 66.560
Landesbank Baden-Wuertte 2.750 11/27/2020 EUR 71.990
Landesbank Baden-Wuertte 3.500 11/27/2020 EUR 70.990
Landesbank Baden-Wuertte 2.600 11/27/2020 EUR 46.570
DekaBank Deutsche Giroze 2.050 2/14/2020 EUR 47.930
DekaBank Deutsche Giroze 3.900 9/5/2019 EUR 58.850
Credit Suisse AG/Nassau 10.250 9/19/2019 CHF 43.880
UBS AG/London 6.250 2/7/2020 CHF 34.350
UBS AG/London 6.500 2/7/2020 CHF 55.550
UBS AG/London 8.250 2/7/2020 EUR 47.850
UBS AG/London 5.000 2/7/2020 CHF 61.250
UBS AG/London 8.000 2/7/2020 CHF 59.250
Vontobel Financial Produ 5.000 9/9/2020 EUR 64.168
Leonteq Securities AG/Gu 8.000 8/19/2020 CHF 68.140
Raiffeisen Centrobank AG 5.816 9/24/2019 EUR 56.400
Raiffeisen Centrobank AG 4.758 12/27/2019 EUR 75.230
Raiffeisen Centrobank AG 9.796 9/24/2019 EUR 68.200
Raiffeisen Centrobank AG 5.204 9/24/2019 EUR 74.870
Raiffeisen Centrobank AG 5.815 12/27/2019 EUR 58.010
Raiffeisen Centrobank AG 6.735 9/24/2019 EUR 74.810
Raiffeisen Centrobank AG 6.344 12/27/2019 EUR 68.680
UBS AG/London 6.300 9/26/2019 EUR 45.800
UBS AG/London 4.800 9/26/2019 EUR 69.380
Bayerische Landesbank 2.100 9/10/2021 EUR 72.370
Bayerische Landesbank 2.500 9/10/2021 EUR 65.940
EFG International Financ 7.200 2/22/2021 CHF 32.450
Raiffeisen Schweiz Genos 6.900 2/19/2020 EUR 61.490
Raiffeisen Schweiz Genos 7.200 2/19/2020 CHF 62.110
Leonteq Securities AG/Gu 2.300 2/8/2023 CHF 68.660
UniCredit Bank AG 6.400 3/5/2021 EUR 64.850
UniCredit Bank AG 5.350 3/5/2021 EUR 62.280
UniCredit Bank AG 5.500 9/5/2019 EUR 72.200
UniCredit Bank AG 5.100 3/5/2021 EUR 51.740
UniCredit Bank AG 4.650 3/5/2021 EUR 58.510
DekaBank Deutsche Giroze 3.700 3/6/2020 EUR 54.210
Landesbank Baden-Wuertte 2.810 3/24/2023 EUR 69.320
Zurcher Kantonalbank Fin 6.000 2/20/2020 CHF 72.060
Raiffeisen Centrobank AG 5.150 2/10/2020 EUR 60.170
DZ Bank AG Deutsche Zent 0.060 9/10/2019 EUR 71.860
Landesbank Hessen-Thueri 8.900 3/16/2023 EUR 72.390
Landesbank Baden-Wuertte 3.000 4/25/2022 EUR 70.210
Erste Group Bank AG 4.350 2/28/2022 EUR 69.100
UBS AG/London 7.500 2/14/2020 EUR 68.800
Leonteq Securities AG/Gu 3.750 2/20/2023 CHF 55.540
Leonteq Securities AG/Gu 11.000 3/2/2020 CHF 42.960
Raiffeisen Schweiz Genos 5.250 8/26/2020 CHF 71.380
Landesbank Hessen-Thueri 4.000 9/22/2020 EUR 59.100
Credit Suisse AG/London 5.240 9/16/2019 EUR 71.740
Raiffeisen Schweiz Genos 10.300 2/19/2020 EUR 62.450
Landesbank Hessen-Thueri 3.500 9/22/2020 EUR 63.000
Credit Suisse AG/London 7.000 8/27/2019 EUR 69.860
DekaBank Deutsche Giroze 5.000 9/14/2020 EUR 63.370
DekaBank Deutsche Giroze 7.000 9/14/2020 EUR 56.450
Landesbank Hessen-Thueri 4.000 3/23/2022 EUR 73.750
Landesbank Hessen-Thueri 4.000 3/23/2022 EUR 66.260
UniCredit Bank AG 8.000 1/3/2020 EUR 70.400
UniCredit Bank AG 7.800 1/3/2020 EUR 69.770
UniCredit Bank AG 7.000 1/3/2020 EUR 69.930
UniCredit Bank AG 7.200 1/3/2020 EUR 69.080
UniCredit Bank AG 9.100 1/3/2020 EUR 30.890
UniCredit Bank AG 11.400 1/3/2020 EUR 44.870
UniCredit Bank AG 7.000 1/3/2020 EUR 62.180
UniCredit Bank AG 10.800 1/3/2020 EUR 70.510
UniCredit Bank AG 10.500 1/3/2020 EUR 57.050
UniCredit Bank AG 11.300 1/3/2020 EUR 50.520
UniCredit Bank AG 13.800 1/3/2020 EUR 65.140
UniCredit Bank AG 7.300 1/3/2020 EUR 70.930
UniCredit Bank AG 12.400 1/3/2020 EUR 62.270
UniCredit Bank AG 11.000 1/3/2020 EUR 72.370
UniCredit Bank AG 8.500 1/3/2020 EUR 41.110
UniCredit Bank AG 11.300 1/3/2020 EUR 64.450
UniCredit Bank AG 7.800 1/3/2020 EUR 65.440
UniCredit Bank AG 9.600 1/3/2020 EUR 63.990
UniCredit Bank AG 8.200 1/3/2020 EUR 63.310
UniCredit Bank AG 8.700 1/3/2020 EUR 69.400
UniCredit Bank AG 12.000 1/3/2020 EUR 67.560
UniCredit Bank AG 12.900 1/3/2020 EUR 72.420
UniCredit Bank AG 6.200 1/3/2020 EUR 56.720
UniCredit Bank AG 14.800 1/3/2020 EUR 41.360
UniCredit Bank AG 9.100 1/3/2020 EUR 59.260
UniCredit Bank AG 6.300 1/3/2020 EUR 51.540
UniCredit Bank AG 9.500 1/3/2020 EUR 49.630
UniCredit Bank AG 7.500 1/3/2020 EUR 56.300
UniCredit Bank AG 6.300 1/3/2020 EUR 52.630
UniCredit Bank AG 13.900 1/3/2020 EUR 69.520
UniCredit Bank AG 14.600 1/3/2020 EUR 45.190
UniCredit Bank AG 14.300 1/3/2020 EUR 52.030
UniCredit Bank AG 5.900 1/3/2020 EUR 61.980
UniCredit Bank AG 7.200 1/3/2020 EUR 72.510
UniCredit Bank AG 9.800 1/3/2020 EUR 70.340
UniCredit Bank AG 10.400 1/3/2020 EUR 73.930
UniCredit Bank AG 11.900 1/3/2020 EUR 68.310
UniCredit Bank AG 7.300 1/3/2020 EUR 64.560
UniCredit Bank AG 5.600 1/3/2020 EUR 63.690
UniCredit Bank AG 12.600 1/3/2020 EUR 55.750
UniCredit Bank AG 12.500 1/3/2020 EUR 28.000
UniCredit Bank AG 11.400 1/3/2020 EUR 56.200
UniCredit Bank AG 7.800 1/3/2020 EUR 70.430
UniCredit Bank AG 11.000 1/3/2020 EUR 43.430
UniCredit Bank AG 5.100 1/3/2020 EUR 64.990
DekaBank Deutsche Giroze 4.000 9/21/2021 EUR 70.690
UBS AG/London 7.500 2/21/2020 EUR 40.400
UBS AG/London 9.000 2/21/2020 CHF 70.150
EFG International Financ 6.400 3/8/2021 EUR 57.850
Citigroup Global Markets 13.600 1/25/2023 SEK 62.130
Leonteq Securities AG 5.200 9/2/2020 EUR 67.980
Leonteq Securities AG 7.400 3/2/2020 CHF 26.840
Leonteq Securities AG 7.200 3/2/2020 CHF 73.780
Leonteq Securities AG 10.000 3/2/2020 EUR 52.550
Bank Julius Baer & Co Lt 9.300 3/16/2020 USD 49.350
Commerzbank AG 19.000 9/27/2019 EUR 65.500
Commerzbank AG 12.250 11/22/2019 EUR 74.300
HSBC Trinkaus & Burkhard 4.000 12/30/2019 EUR 56.540
HSBC Trinkaus & Burkhard 9.800 1/24/2020 EUR 42.760
HSBC Trinkaus & Burkhard 11.800 9/27/2019 EUR 72.580
HSBC Trinkaus & Burkhard 11.400 9/27/2019 EUR 61.520
HSBC Trinkaus & Burkhard 7.200 12/27/2019 EUR 67.830
HSBC Trinkaus & Burkhard 10.200 9/27/2019 EUR 69.620
HSBC Trinkaus & Burkhard 9.200 12/27/2019 EUR 70.930
HSBC Trinkaus & Burkhard 8.600 3/27/2020 EUR 71.210
HSBC Trinkaus & Burkhard 11.500 12/27/2019 EUR 68.650
BNP Paribas Emissions- u 14.000 9/26/2019 EUR 74.330
BNP Paribas Emissions- u 17.000 9/26/2019 EUR 70.720
BNP Paribas Emissions- u 20.000 9/26/2019 EUR 67.480
BNP Paribas Emissions- u 16.000 12/30/2019 EUR 71.360
DZ Bank AG Deutsche Zent 7.000 12/27/2019 EUR 60.150
DZ Bank AG Deutsche Zent 8.500 12/27/2019 EUR 56.030
DZ Bank AG Deutsche Zent 6.750 12/27/2019 EUR 61.050
DZ Bank AG Deutsche Zent 10.000 12/27/2019 EUR 73.070
Vontobel Financial Produ 6.930 12/18/2019 EUR 65.290
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 73.420
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 68.530
Landesbank Baden-Wuertte 3.000 1/24/2020 EUR 53.670
Landesbank Baden-Wuertte 5.000 1/24/2020 EUR 49.300
Landesbank Baden-Wuertte 7.000 1/24/2020 EUR 46.460
Landesbank Baden-Wuertte 4.500 1/24/2020 EUR 76.900
Landesbank Baden-Wuertte 6.000 1/24/2020 EUR 74.050
Commerzbank AG 7.750 9/27/2019 EUR 46.510
DZ Bank AG Deutsche Zent 7.000 12/27/2019 EUR 69.460
EFG International Financ 20.000 12/19/2019 CHF 69.260
Commerzbank AG 4.000 12/30/2019 EUR 58.460
HSBC Trinkaus & Burkhard 1.750 3/27/2020 EUR 68.360
Commerzbank AG 15.500 9/27/2019 EUR 73.530
Commerzbank AG 21.750 9/27/2019 EUR 68.440
HSBC Trinkaus & Burkhard 9.400 12/27/2019 EUR 63.410
HSBC Trinkaus & Burkhard 7.400 12/27/2019 EUR 62.740
HSBC Trinkaus & Burkhard 9.400 6/26/2020 EUR 66.360
HSBC Trinkaus & Burkhard 8.600 6/26/2020 EUR 65.690
HSBC Trinkaus & Burkhard 7.400 6/26/2020 EUR 64.690
HSBC Trinkaus & Burkhard 6.900 12/27/2019 EUR 69.880
HSBC Trinkaus & Burkhard 6.700 6/26/2020 EUR 70.570
HSBC Trinkaus & Burkhard 6.200 12/28/2020 EUR 71.810
HSBC Trinkaus & Burkhard 6.900 6/26/2020 EUR 70.720
HSBC Trinkaus & Burkhard 9.300 6/26/2020 EUR 72.880
HSBC Trinkaus & Burkhard 11.400 12/27/2019 EUR 42.440
HSBC Trinkaus & Burkhard 5.600 12/28/2020 EUR 45.610
HSBC Trinkaus & Burkhard 9.400 12/27/2019 EUR 72.500
HSBC Trinkaus & Burkhard 8.300 6/26/2020 EUR 72.700
HSBC Trinkaus & Burkhard 6.800 6/25/2021 EUR 73.860
Vontobel Financial Produ 9.500 9/27/2019 EUR 74.180
Vontobel Financial Produ 14.500 9/27/2019 EUR 64.180
Vontobel Financial Produ 18.500 9/27/2019 EUR 70.890
HSBC Trinkaus & Burkhard 3.360 12/30/2019 EUR 55.440
HSBC Trinkaus & Burkhard 1.880 3/27/2020 EUR 64.770
HSBC Trinkaus & Burkhard 1.410 3/27/2020 EUR 71.450
Commerzbank AG 21.250 9/27/2019 EUR 65.060
Commerzbank AG 17.250 9/27/2019 EUR 61.190
DZ Bank AG Deutsche Zent 8.250 12/27/2019 EUR 54.370
DZ Bank AG Deutsche Zent 8.250 12/27/2019 EUR 66.020
Landesbank Baden-Wuertte 4.000 1/24/2020 EUR 44.620
Landesbank Baden-Wuertte 6.500 1/24/2020 EUR 42.050
HSBC Trinkaus & Burkhard 4.000 7/24/2020 EUR 72.760
Bank Julius Baer & Co Lt 9.700 1/24/2020 USD 57.400
HSBC Trinkaus & Burkhard 10.500 6/26/2020 EUR 41.550
HSBC Trinkaus & Burkhard 7.700 6/26/2020 EUR 43.130
HSBC Trinkaus & Burkhard 5.200 6/26/2020 EUR 46.000
HSBC Trinkaus & Burkhard 11.100 11/22/2019 EUR 37.360
HSBC Trinkaus & Burkhard 9.700 2/28/2020 EUR 39.260
Deutsche Bank AG 4.200 9/24/2019 EUR 64.710
Deutsche Bank AG 4.200 12/24/2019 EUR 73.150
Deutsche Bank AG 4.200 12/24/2019 EUR 65.050
Deutsche Bank AG 6.200 3/24/2020 EUR 73.290
Deutsche Bank AG 6.200 3/24/2020 EUR 69.380
Deutsche Bank AG 4.200 3/24/2020 EUR 72.100
Landesbank Hessen-Thueri 4.000 3/1/2023 EUR 74.710
Commerzbank AG 4.750 12/31/2019 EUR 72.980
Commerzbank AG 6.750 12/31/2019 EUR 68.670
Commerzbank AG 8.750 12/31/2019 EUR 65.270
Commerzbank AG 10.750 12/31/2019 EUR 62.650
Commerzbank AG 12.750 12/31/2019 EUR 60.320
Commerzbank AG 14.750 12/31/2019 EUR 58.580
Commerzbank AG 15.000 12/31/2019 EUR 68.260
Commerzbank AG 17.000 12/31/2019 EUR 65.880
Commerzbank AG 10.500 12/31/2019 EUR 71.330
Commerzbank AG 12.500 12/31/2019 EUR 68.720
Commerzbank AG 3.500 12/31/2019 EUR 50.470
Commerzbank AG 5.500 12/31/2019 EUR 43.550
Commerzbank AG 7.500 12/31/2019 EUR 39.450
Vontobel Financial Produ 11.250 1/24/2020 EUR 63.630
Commerzbank AG 15.750 9/27/2019 EUR 64.810
Commerzbank AG 9.500 12/31/2019 EUR 74.530
Citigroup Global Markets 12.000 2/13/2024 SEK 73.550
UBS AG/London 20.000 1/24/2020 CHF 59.100
DZ Bank AG Deutsche Zent 5.250 12/27/2019 EUR 63.660
DZ Bank AG Deutsche Zent 5.000 2/26/2020 EUR 72.070
DZ Bank AG Deutsche Zent 4.250 3/25/2020 EUR 70.850
DZ Bank AG Deutsche Zent 6.250 3/25/2020 EUR 65.480
Commerzbank AG 15.500 9/27/2019 EUR 61.440
Commerzbank AG 6.000 12/31/2019 EUR 61.690
Commerzbank AG 8.000 12/31/2019 EUR 58.420
Commerzbank AG 10.000 12/31/2019 EUR 55.810
Commerzbank AG 12.000 12/31/2019 EUR 54.110
Commerzbank AG 14.000 12/31/2019 EUR 52.400
Commerzbank AG 7.000 12/31/2019 EUR 72.310
Commerzbank AG 9.000 12/31/2019 EUR 68.930
Commerzbank AG 11.000 12/31/2019 EUR 66.370
Commerzbank AG 13.000 12/31/2019 EUR 64.400
DekaBank Deutsche Giroze 2.300 4/16/2021 EUR 72.360
Corner Banca SA 14.000 10/3/2019 CHF 38.670
Raiffeisen Schweiz Genos 6.600 4/3/2020 EUR 54.490
UniCredit Bank AG 6.300 10/16/2021 EUR 63.220
UniCredit Bank AG 5.100 4/16/2021 EUR 66.040
Bank Julius Baer & Co Lt 8.900 10/7/2019 USD 63.650
Natixis SA 4.975 3/23/2020 USD 38.270
UBS AG/London 9.000 9/30/2019 CHF 59.600
UBS AG/London 12.000 9/30/2019 CHF 35.300
UBS AG/London 8.000 9/30/2019 EUR 36.650
UBS AG/London 5.500 9/30/2019 CHF 54.750
UBS AG/London 8.250 9/30/2019 CHF 63.050
Bayerische Landesbank 3.000 11/5/2021 EUR 71.520
DekaBank Deutsche Giroze 3.800 10/23/2020 EUR 62.460
DekaBank Deutsche Giroze 2.050 5/3/2021 EUR 44.800
Raiffeisen Schweiz Genos 6.500 10/9/2020 CHF 48.820
Raiffeisen Schweiz Genos 6.250 10/9/2019 CHF 40.280
HSBC Trinkaus & Burkhard 6.400 9/27/2019 EUR 66.850
HSBC Trinkaus & Burkhard 5.500 9/27/2019 EUR 63.820
HSBC Trinkaus & Burkhard 3.500 9/27/2019 EUR 71.120
HSBC Trinkaus & Burkhard 5.200 9/27/2019 EUR 53.350
HSBC Trinkaus & Burkhard 6.500 9/27/2019 EUR 57.970
HSBC Trinkaus & Burkhard 4.700 9/27/2019 EUR 63.550
HSBC Trinkaus & Burkhard 5.400 9/27/2019 EUR 68.230
HSBC Trinkaus & Burkhard 6.300 9/27/2019 EUR 55.730
HSBC Trinkaus & Burkhard 3.700 9/27/2019 EUR 63.380
HSBC Trinkaus & Burkhard 4.500 9/27/2019 EUR 53.920
4FINANS MFK OOO 15.000 3/24/2023 RUB 65.590
Leonteq Securities AG/Gu 14.200 10/10/2019 USD 62.170
Leonteq Securities AG/Gu 11.000 10/10/2019 CHF 41.810
Landesbank Hessen-Thueri 4.750 5/11/2023 EUR 55.340
Landesbank Hessen-Thueri 6.500 5/11/2023 EUR 71.520
Landesbank Hessen-Thueri 3.500 5/11/2022 EUR 74.120
Landesbank Hessen-Thueri 4.000 5/11/2022 EUR 70.090
Raiffeisen Schweiz Genos 6.750 9/11/2019 CHF 75.160
HSBC Trinkaus & Burkhard 3.000 8/10/2020 EUR 63.340
HSBC Trinkaus & Burkhard 6.000 2/28/2020 EUR 60.310
HSBC Trinkaus & Burkhard 2.250 4/22/2020 EUR 60.100
HSBC Trinkaus & Burkhard 1.000 4/22/2020 EUR 65.140
Landesbank Baden-Wuertte 2.400 10/23/2020 EUR 72.100
Landesbank Baden-Wuertte 2.900 10/23/2020 EUR 67.040
Landesbank Baden-Wuertte 3.000 10/23/2020 EUR 66.620
UBS AG/London 11.000 3/15/2021 EUR 70.530
Deutsche Bank AG 3.200 12/24/2019 EUR 74.050
Deutsche Bank AG 3.200 3/24/2020 EUR 70.900
Deutsche Bank AG 3.200 3/24/2020 EUR 67.590
Deutsche Bank AG 3.200 12/22/2020 EUR 69.330
Deutsche Bank AG 3.200 12/22/2020 EUR 66.380
Deutsche Bank AG 4.200 10/1/2020 EUR 68.400
Commerzbank AG 15.250 12/31/2019 EUR 74.730
Commerzbank AG 24.000 9/27/2019 EUR 73.580
Commerzbank AG 17.250 9/27/2019 EUR 60.690
HSBC Trinkaus & Burkhard 1.750 3/27/2020 EUR 73.890
HSBC Trinkaus & Burkhard 2.750 3/27/2020 EUR 69.540
Landesbank Hessen-Thueri 3.400 7/29/2020 EUR 73.400
Landesbank Hessen-Thueri 6.400 1/29/2020 EUR 69.200
Landesbank Baden-Wuertte 3.000 3/27/2020 EUR 74.910
Landesbank Baden-Wuertte 5.000 3/27/2020 EUR 70.200
Landesbank Baden-Wuertte 3.000 3/27/2020 EUR 61.890
Landesbank Baden-Wuertte 5.000 3/27/2020 EUR 58.190
Landesbank Baden-Wuertte 7.000 3/27/2020 EUR 55.110
Landesbank Baden-Wuertte 4.500 3/27/2020 EUR 72.190
Landesbank Baden-Wuertte 6.000 3/27/2020 EUR 69.730
Commerzbank AG 20.250 9/27/2019 EUR 73.500
Commerzbank AG 19.500 9/27/2019 EUR 67.300
Landesbank Baden-Wuertte 3.750 3/26/2021 EUR 71.520
Goldman Sachs & Co Wertp 23.000 9/25/2019 EUR 72.470
Goldman Sachs & Co Wertp 23.000 10/23/2019 EUR 72.050
Goldman Sachs & Co Wertp 24.000 12/27/2019 EUR 72.390
Goldman Sachs & Co Wertp 25.000 9/25/2019 EUR 71.500
Goldman Sachs & Co Wertp 25.000 11/20/2019 EUR 71.620
Goldman Sachs & Co Wertp 5.000 9/25/2019 EUR 73.330
Goldman Sachs & Co Wertp 18.000 9/25/2019 EUR 59.550
Goldman Sachs & Co Wertp 22.000 9/25/2019 EUR 57.420
Goldman Sachs & Co Wertp 5.000 10/23/2019 EUR 73.690
Goldman Sachs & Co Wertp 7.000 10/23/2019 EUR 70.190
Goldman Sachs & Co Wertp 9.000 10/23/2019 EUR 66.850
Goldman Sachs & Co Wertp 11.000 10/23/2019 EUR 64.030
Goldman Sachs & Co Wertp 20.000 10/23/2019 EUR 58.770
Goldman Sachs & Co Wertp 24.000 10/23/2019 EUR 57.120
Goldman Sachs & Co Wertp 5.000 11/20/2019 EUR 74.020
Goldman Sachs & Co Wertp 6.000 11/20/2019 EUR 70.480
Goldman Sachs & Co Wertp 8.000 11/20/2019 EUR 67.510
Goldman Sachs & Co Wertp 15.000 11/20/2019 EUR 61.650
Goldman Sachs & Co Wertp 18.000 11/20/2019 EUR 59.880
Goldman Sachs & Co Wertp 25.000 11/20/2019 EUR 57.100
Goldman Sachs & Co Wertp 14.000 12/27/2019 EUR 62.870
Goldman Sachs & Co Wertp 20.000 12/27/2019 EUR 60.110
Goldman Sachs & Co Wertp 23.000 12/27/2019 EUR 59.010
Zurcher Kantonalbank Fin 12.000 3/20/2020 CHF 62.320
Vontobel Financial Produ 11.000 4/22/2020 EUR 67.490
UBS AG/London 15.200 3/26/2020 EUR 64.870
UBS AG/London 5.500 9/24/2020 EUR 74.480
UBS AG/London 5.700 6/25/2020 EUR 74.190
Landesbank Baden-Wuertte 3.000 10/25/2019 EUR 61.980
Landesbank Baden-Wuertte 3.500 10/25/2019 EUR 68.130
Landesbank Baden-Wuertte 2.000 10/25/2019 EUR 47.610
Landesbank Baden-Wuertte 3.500 10/25/2019 EUR 43.900
Landesbank Baden-Wuertte 5.000 10/25/2019 EUR 41.860
Landesbank Baden-Wuertte 6.000 10/25/2019 EUR 65.120
Landesbank Baden-Wuertte 4.000 10/25/2019 EUR 71.040
Landesbank Baden-Wuertte 2.500 10/25/2019 EUR 73.650
Landesbank Baden-Wuertte 4.000 10/25/2019 EUR 69.710
Landesbank Baden-Wuertte 2.500 10/25/2019 EUR 62.420
Landesbank Baden-Wuertte 4.000 10/25/2019 EUR 59.400
Leonteq Securities AG/Gu 10.000 9/23/2019 CHF 59.880
Landesbank Baden-Wuertte 3.000 5/26/2023 EUR 73.880
Landesbank Hessen-Thueri 3.500 10/23/2020 EUR 69.200
DekaBank Deutsche Giroze 7.050 10/9/2020 EUR 45.340
DekaBank Deutsche Giroze 6.300 10/9/2020 EUR 55.530
DekaBank Deutsche Giroze 4.250 10/9/2020 EUR 52.010
Landesbank Hessen-Thueri 4.000 4/20/2022 EUR 58.040
UBS AG/London 12.500 9/23/2019 CHF 34.650
UBS AG/London 10.000 9/23/2019 EUR 42.700
Bayerische Landesbank 3.400 10/18/2019 EUR 63.150
Bank Julius Baer & Co Lt 9.250 9/30/2019 CHF 62.700
UBS AG/London 10.000 9/23/2019 USD 49.400
Credit Suisse AG/Nassau 8.250 10/3/2019 EUR 70.720
Credit Suisse AG/Nassau 7.250 10/3/2019 CHF 62.380
DekaBank Deutsche Giroze 2.500 4/17/2020 EUR 71.560
DekaBank Deutsche Giroze 2.750 4/16/2021 EUR 64.590
Vontobel Financial Produ 6.500 4/20/2020 EUR 68.130
Vontobel Financial Produ 5.000 4/20/2020 EUR 73.350
Natixis SA 3.500 3/23/2020 USD 48.695
Raiffeisen Schweiz Genos 7.750 10/3/2019 CHF 37.230
Raiffeisen Schweiz Genos 7.500 4/3/2020 CHF 65.640
UniCredit Bank AG 4.850 10/9/2021 EUR 66.440
UniCredit Bank AG 4.650 4/16/2021 EUR 55.210
DekaBank Deutsche Giroze 3.900 4/25/2022 EUR 62.150
UniCredit Bank AG 5.600 4/16/2021 EUR 52.940
Landesbank Hessen-Thueri 2.000 3/29/2022 EUR 63.670
Banque Cantonale Vaudois 7.500 10/4/2019 CHF 67.280
DekaBank Deutsche Giroze 2.750 4/17/2020 EUR 60.830
DekaBank Deutsche Giroze 2.700 4/17/2020 EUR 51.000
DekaBank Deutsche Giroze 2.200 4/16/2021 EUR 58.220
Landesbank Baden-Wuertte 3.000 9/27/2019 EUR 64.050
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 55.090
Landesbank Baden-Wuertte 7.000 9/27/2019 EUR 50.500
Landesbank Baden-Wuertte 3.000 9/27/2019 EUR 21.720
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 19.690
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 49.770
Landesbank Baden-Wuertte 6.000 9/27/2019 EUR 45.380
Landesbank Baden-Wuertte 2.500 9/27/2019 EUR 60.000
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 56.940
Landesbank Baden-Wuertte 4.500 9/27/2019 EUR 54.130
Landesbank Baden-Wuertte 2.500 9/27/2019 EUR 60.400
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 56.210
Landesbank Baden-Wuertte 4.500 9/27/2019 EUR 53.960
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 70.800
Landesbank Baden-Wuertte 5.500 9/27/2019 EUR 66.380
Landesbank Baden-Wuertte 7.000 9/27/2019 EUR 63.520
Landesbank Baden-Wuertte 2.500 9/27/2019 EUR 71.240
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 64.270
Landesbank Baden-Wuertte 5.500 9/27/2019 EUR 58.610
Landesbank Baden-Wuertte 7.000 9/27/2019 EUR 53.860
Landesbank Baden-Wuertte 3.000 9/27/2019 EUR 66.520
Landesbank Baden-Wuertte 6.000 9/27/2019 EUR 73.170
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 70.910
Landesbank Baden-Wuertte 5.500 9/27/2019 EUR 65.670
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 69.950
Landesbank Baden-Wuertte 6.500 9/27/2019 EUR 63.760
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 73.950
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 62.900
Landesbank Baden-Wuertte 6.000 9/27/2019 EUR 56.850
Landesbank Baden-Wuertte 2.000 9/27/2019 EUR 61.090
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 57.920
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 52.280
Landesbank Baden-Wuertte 2.000 9/27/2019 EUR 72.270
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 65.580
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 61.120
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 73.490
Landesbank Baden-Wuertte 2.500 9/27/2019 EUR 68.620
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 61.960
Landesbank Baden-Wuertte 5.500 9/27/2019 EUR 56.410
Landesbank Baden-Wuertte 7.000 9/27/2019 EUR 51.890
Landesbank Baden-Wuertte 4.500 9/27/2019 EUR 70.840
Landesbank Baden-Wuertte 5.200 1/24/2020 EUR 57.080
Landesbank Baden-Wuertte 5.600 1/24/2020 EUR 40.530
Landesbank Baden-Wuertte 2.500 9/27/2019 EUR 70.080
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 64.210
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 58.090
Landesbank Baden-Wuertte 7.000 9/27/2019 EUR 53.600
Landesbank Baden-Wuertte 3.000 9/27/2019 EUR 55.130
Landesbank Baden-Wuertte 4.000 9/27/2019 EUR 52.330
Landesbank Baden-Wuertte 2.000 9/27/2019 EUR 60.940
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 56.300
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 52.340
UniCredit Bank AG 12.800 12/29/2020 EUR 38.620
UniCredit Bank AG 7.800 12/29/2020 EUR 40.950
UniCredit Bank AG 9.200 12/29/2020 EUR 39.930
Vontobel Financial Produ 9.460 10/24/2019 EUR 46.490
HSBC Trinkaus & Burkhard 6.000 12/30/2019 EUR 74.660
Landesbank Baden-Wuertte 5.800 11/22/2019 EUR 30.360
Landesbank Baden-Wuertte 5.850 11/22/2019 EUR 55.720
Vontobel Financial Produ 15.000 9/27/2019 EUR 64.000
Vontobel Financial Produ 12.500 1/3/2020 EUR 67.060
Commerzbank AG 19.750 9/27/2019 EUR 59.560
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 73.630
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 73.970
BNP Paribas Emissions- u 9.000 12/30/2019 EUR 74.290
Vontobel Financial Produ 11.500 9/27/2019 EUR 52.530
Vontobel Financial Produ 9.650 10/21/2019 CHF 70.360
Landesbank Hessen-Thueri 4.000 11/22/2019 EUR 78.100
Commerzbank AG 9.250 9/27/2019 EUR 71.210
Commerzbank AG 10.250 9/27/2019 EUR 67.530
Commerzbank AG 12.250 9/27/2019 EUR 64.870
DZ Bank AG Deutsche Zent 6.250 12/27/2019 EUR 41.000
DZ Bank AG Deutsche Zent 10.750 9/25/2019 EUR 64.390
DZ Bank AG Deutsche Zent 8.000 12/27/2019 EUR 69.850
Bank Julius Baer & Co Lt 5.700 10/23/2019 CHF 65.200
UBS AG/London 7.000 6/2/2020 CHF 58.350
UBS AG/London 11.000 12/2/2019 CHF 46.450
UBS AG/London 7.250 12/2/2019 CHF 58.400
UBS AG/London 11.000 12/2/2019 CHF 44.500
Leonteq Securities AG/Gu 8.000 12/27/2019 CHF 59.360
UniCredit Bank AG 3.850 6/28/2022 EUR 59.730
Natixis SA 2.970 6/8/2021 USD 70.473
EFG International Financ 7.000 6/15/2020 CHF 66.160
Raiffeisen Centrobank AG 7.258 6/23/2020 EUR 67.800
UniCredit Bank AG 3.800 6/28/2022 EUR 57.340
UniCredit Bank AG 4.250 6/28/2022 EUR 68.500
Landesbank Baden-Wuertte 5.000 2/28/2020 EUR 44.300
Landesbank Baden-Wuertte 5.300 2/28/2020 EUR 49.600
Landesbank Hessen-Thueri 3.500 7/6/2022 EUR 53.010
Leonteq Securities AG 12.000 9/11/2019 CHF 27.440
BNP Paribas Issuance BV 5.800 6/1/2020 EUR 64.050
BNP Paribas Issuance BV 6.400 6/1/2020 EUR 48.000
BNP Paribas Issuance BV 6.200 6/1/2020 EUR 69.400
DekaBank Deutsche Giroze 3.000 6/26/2020 EUR 61.490
Leonteq Securities AG 10.000 9/4/2019 CHF 45.300
Bayerische Landesbank 2.500 7/10/2020 EUR 67.030
Leonteq Securities AG 16.000 9/11/2019 CHF 55.010
Landesbank Hessen-Thueri 2.000 6/13/2022 EUR 70.820
BNP Paribas Emissions- u 12.000 9/26/2019 EUR 55.460
BNP Paribas Emissions- u 19.000 9/26/2019 EUR 47.650
BNP Paribas Emissions- u 13.000 12/30/2019 EUR 64.360
BNP Paribas Emissions- u 15.000 12/30/2019 EUR 59.680
BNP Paribas Emissions- u 10.000 9/26/2019 EUR 72.290
BNP Paribas Emissions- u 11.000 9/26/2019 EUR 70.500
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 69.320
BNP Paribas Emissions- u 17.000 9/26/2019 EUR 54.280
BNP Paribas Emissions- u 12.000 9/26/2019 EUR 48.600
BNP Paribas Emissions- u 12.000 12/30/2019 EUR 61.730
BNP Paribas Emissions- u 20.000 9/26/2019 EUR 65.260
BNP Paribas Emissions- u 6.500 9/26/2019 EUR 69.480
BNP Paribas Emissions- u 13.000 9/26/2019 EUR 70.010
BNP Paribas Emissions- u 6.000 9/26/2019 EUR 60.050
BNP Paribas Emissions- u 18.000 9/26/2019 EUR 72.910
BNP Paribas Emissions- u 7.500 9/26/2019 EUR 70.100
BNP Paribas Emissions- u 17.000 9/26/2019 EUR 70.820
BNP Paribas Emissions- u 6.500 9/26/2019 EUR 64.700
Commerzbank AG 4.750 9/27/2019 EUR 71.350
BNP Paribas Issuance BV 5.000 11/7/2023 SEK 67.850
UniCredit Bank AG 14.000 12/29/2020 EUR 38.750
UniCredit Bank AG 8.600 1/3/2020 EUR 33.920
UniCredit Bank AG 8.600 9/27/2019 EUR 31.600
UBS AG/London 10.000 4/24/2020 USD 49.860
UBS AG/London 9.000 4/24/2020 EUR 50.900
UBS AG/London 10.000 4/17/2020 EUR 63.300
DekaBank Deutsche Giroze 3.200 12/13/2019 EUR 39.680
Leonteq Securities AG/Gu 8.000 12/27/2019 CHF 60.520
Zurcher Kantonalbank Fin 7.000 10/16/2019 CHF 57.450
DZ Bank AG Deutsche Zent 7.500 12/23/2019 EUR 66.260
DZ Bank AG Deutsche Zent 6.250 12/23/2019 EUR 68.900
DZ Bank AG Deutsche Zent 8.250 12/23/2019 EUR 70.750
DZ Bank AG Deutsche Zent 6.500 12/23/2019 EUR 70.190
Zurcher Kantonalbank Fin 6.750 10/30/2019 USD 47.830
Commerzbank AG 11.000 9/27/2019 EUR 59.220
DZ Bank AG Deutsche Zent 10.500 12/27/2019 EUR 66.880
BNP Paribas Emissions- u 6.000 9/26/2019 EUR 46.610
BNP Paribas Emissions- u 13.000 12/30/2019 EUR 54.520
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 50.830
BNP Paribas Emissions- u 6.000 12/30/2019 EUR 48.310
BNP Paribas Emissions- u 19.000 12/30/2019 EUR 52.730
BNP Paribas Emissions- u 5.500 12/30/2019 EUR 71.020
BNP Paribas Emissions- u 9.500 12/30/2019 EUR 72.380
BNP Paribas Emissions- u 18.000 12/30/2019 EUR 72.680
BNP Paribas Emissions- u 7.500 12/30/2019 EUR 66.650
BNP Paribas Emissions- u 15.000 12/30/2019 EUR 69.190
BNP Paribas Emissions- u 8.500 9/26/2019 EUR 53.620
BNP Paribas Emissions- u 8.500 12/30/2019 EUR 54.430
BNP Paribas Emissions- u 17.000 12/30/2019 EUR 57.310
BNP Paribas Emissions- u 8.500 9/26/2019 EUR 59.350
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 66.150
BNP Paribas Emissions- u 16.000 12/30/2019 EUR 69.160
BNP Paribas Emissions- u 6.500 12/30/2019 EUR 60.950
BNP Paribas Emissions- u 13.000 12/30/2019 EUR 63.150
BNP Paribas Emissions- u 9.000 9/26/2019 EUR 65.390
BNP Paribas Emissions- u 16.000 9/26/2019 EUR 65.910
UBS AG/London 12.300 3/26/2020 EUR 67.250
UBS AG/London 5.800 3/26/2020 EUR 73.470
UBS AG/London 5.700 9/24/2020 EUR 70.360
UBS AG/London 3.800 3/26/2020 EUR 77.810
Bank Julius Baer & Co Lt 6.900 1/22/2020 CHF 66.500
Commerzbank AG 13.000 12/31/2019 EUR 68.540
Vontobel Financial Produ 9.000 1/3/2020 EUR 42.560
Vontobel Financial Produ 10.500 1/3/2020 EUR 41.030
Vontobel Financial Produ 11.000 3/27/2020 EUR 41.640
Vontobel Financial Produ 9.500 3/27/2020 EUR 42.500
Vontobel Financial Produ 12.500 1/3/2020 EUR 39.870
BNP Paribas Emissions- u 6.500 12/30/2019 EUR 39.680
DekaBank Deutsche Giroze 6.250 1/31/2020 EUR 74.200
HSBC Trinkaus & Burkhard 5.000 2/10/2020 EUR 45.760
Commerzbank AG 10.500 10/25/2019 EUR 67.570
HSBC Trinkaus & Burkhard 5.800 3/27/2020 EUR 72.830
HSBC Trinkaus & Burkhard 7.300 12/27/2019 EUR 63.550
HSBC Trinkaus & Burkhard 13.000 9/27/2019 EUR 38.850
HSBC Trinkaus & Burkhard 5.000 12/27/2019 EUR 48.220
HSBC Trinkaus & Burkhard 11.500 3/27/2020 EUR 42.280
HSBC Trinkaus & Burkhard 5.300 3/27/2020 EUR 73.240
HSBC Trinkaus & Burkhard 6.200 11/22/2019 EUR 71.930
HSBC Trinkaus & Burkhard 6.200 2/28/2020 EUR 71.550
HSBC Trinkaus & Burkhard 8.500 12/27/2019 EUR 68.250
HSBC Trinkaus & Burkhard 10.300 3/27/2020 EUR 66.060
HSBC Trinkaus & Burkhard 5.000 3/27/2020 EUR 49.080
HSBC Trinkaus & Burkhard 9.400 2/28/2020 EUR 43.390
HSBC Trinkaus & Burkhard 8.100 3/27/2020 EUR 72.270
HSBC Trinkaus & Burkhard 7.500 10/25/2019 EUR 72.780
HSBC Trinkaus & Burkhard 9.000 9/27/2019 EUR 67.300
Vontobel Financial Produ 9.750 12/31/2019 EUR 72.550
Bank Julius Baer & Co Lt 9.300 11/28/2019 EUR 60.400
UBS AG/London 9.000 11/28/2019 CHF 63.500
Leonteq Securities AG/Gu 6.600 8/18/2020 CHF 58.880
Commerzbank AG 13.250 11/22/2019 EUR 54.500
Commerzbank AG 8.750 9/27/2019 EUR 60.230
Commerzbank AG 16.000 10/25/2019 EUR 51.120
Vontobel Financial Produ 15.000 9/27/2019 EUR 72.490
Leonteq Securities AG/Gu 10.200 6/3/2020 USD 58.500
Commerzbank AG 13.750 11/22/2019 EUR 72.000
Bayerische Landesbank 2.700 9/18/2020 EUR 57.390
EFG International Financ 5.800 8/31/2020 EUR 68.320
DekaBank Deutsche Giroze 4.400 2/21/2020 EUR 65.630
DekaBank Deutsche Giroze 2.000 9/18/2020 EUR 51.060
UniCredit Bank AG 4.300 8/24/2021 EUR 68.120
DZ Bank AG Deutsche Zent 13.000 9/25/2019 EUR 49.630
DZ Bank AG Deutsche Zent 8.250 12/27/2019 EUR 61.770
DZ Bank AG Deutsche Zent 11.000 12/27/2019 EUR 67.510
Vontobel Financial Produ 15.000 9/27/2019 EUR 62.430
Vontobel Financial Produ 10.500 1/3/2020 EUR 68.580
Vontobel Financial Produ 15.500 1/3/2020 EUR 62.840
Commerzbank AG 10.000 12/31/2019 EUR 71.810
Commerzbank AG 14.250 12/31/2019 EUR 61.620
BNP Paribas Emissions- u 8.000 3/26/2020 EUR 70.330
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 68.590
Goldman Sachs & Co Wertp 14.000 9/25/2019 EUR 71.880
Goldman Sachs & Co Wertp 13.000 10/23/2019 EUR 73.000
Commerzbank AG 8.250 12/31/2019 EUR 71.290
Commerzbank AG 8.000 3/27/2020 EUR 71.580
Commerzbank AG 12.000 3/27/2020 EUR 68.060
Commerzbank AG 16.000 12/31/2019 EUR 57.870
Goldman Sachs & Co Wertp 12.000 11/20/2019 EUR 73.710
Goldman Sachs & Co Wertp 20.000 11/20/2019 EUR 68.520
Goldman Sachs & Co Wertp 24.000 11/20/2019 EUR 66.490
Goldman Sachs & Co Wertp 14.000 12/27/2019 EUR 72.000
Goldman Sachs & Co Wertp 18.000 12/27/2019 EUR 70.090
Goldman Sachs & Co Wertp 25.000 12/27/2019 EUR 66.560
Goldman Sachs & Co Wertp 13.000 1/22/2020 EUR 72.580
Goldman Sachs & Co Wertp 20.000 1/22/2020 EUR 69.040
Goldman Sachs & Co Wertp 23.000 1/22/2020 EUR 67.570
Goldman Sachs & Co Wertp 15.000 2/26/2020 EUR 71.350
Goldman Sachs & Co Wertp 18.000 2/26/2020 EUR 69.910
Goldman Sachs & Co Wertp 24.000 2/26/2020 EUR 67.770
Goldman Sachs & Co Wertp 14.000 3/25/2020 EUR 71.850
Goldman Sachs & Co Wertp 19.000 4/22/2020 EUR 70.790
Goldman Sachs & Co Wertp 20.000 6/24/2020 EUR 70.290
Goldman Sachs & Co Wertp 17.000 9/23/2020 EUR 71.990
Goldman Sachs & Co Wertp 15.000 12/23/2020 EUR 73.490
Vontobel Financial Produ 7.000 6/19/2020 USD 64.158
Commerzbank AG 5.000 1/22/2020 EUR 71.930
UniCredit Bank AG 3.500 10/8/2022 EUR 66.820
Vontobel Financial Produ 7.000 3/13/2020 EUR 69.640
Vontobel Financial Produ 18.500 12/13/2019 EUR 59.760
Vontobel Financial Produ 6.500 9/13/2019 EUR 71.380
Vontobel Financial Produ 7.000 12/13/2019 EUR 72.830
UniCredit Bank AG 3.450 9/26/2021 EUR 69.000
Landesbank Baden-Wuertte 4.000 2/28/2020 EUR 70.160
Leonteq Securities AG/Gu 9.200 9/11/2019 CHF 49.320
Leonteq Securities AG/Gu 5.200 9/11/2019 CHF 63.970
DekaBank Deutsche Giroze 3.650 3/27/2020 EUR 64.370
Deutsche Bank AG 3.200 12/24/2019 EUR 70.310
Deutsche Bank AG 3.200 12/24/2019 EUR 66.900
Deutsche Bank AG 3.200 6/23/2020 EUR 71.600
Deutsche Bank AG 3.200 6/23/2020 EUR 68.230
Deutsche Bank AG 3.200 6/23/2020 EUR 65.100
Deutsche Bank AG 3.200 9/22/2020 EUR 72.040
Deutsche Bank AG 3.200 9/22/2020 EUR 68.790
Deutsche Bank AG 3.200 9/22/2020 EUR 65.740
Deutsche Bank AG 4.200 12/22/2020 EUR 68.200
Deutsche Bank AG 3.200 12/22/2020 EUR 72.480
Deutsche Bank AG 4.200 6/23/2020 EUR 68.800
Leonteq Securities AG/Gu 6.000 8/18/2020 CHF 66.960
Commerzbank AG 11.250 11/22/2019 EUR 57.020
Commerzbank AG 10.750 9/27/2019 EUR 56.920
Commerzbank AG 16.750 9/27/2019 EUR 50.000
Commerzbank AG 7.250 11/22/2019 EUR 64.060
Vonetize Plc 6.000 8/1/2022 ILS
UniCredit Bank AG 5.250 9/19/2020 EUR 55.500
Zurcher Kantonalbank Fin 6.250 8/24/2020 CHF 62.930
Vontobel Financial Produ 10.500 12/31/2019 EUR 72.650
Commerzbank AG 15.250 9/27/2019 EUR 62.110
Leonteq Securities AG/Gu 7.400 8/28/2019 CHF 65.220
Leonteq Securities AG/Gu 5.000 8/25/2020 CHF 65.000
Citigroup Global Markets 13.200 12/18/2023 SEK 66.700
HSBC Trinkaus & Burkhard 11.530 11/28/2019 EUR 65.320
Vontobel Financial Produ 9.000 9/27/2019 EUR 70.550
Vontobel Financial Produ 12.000 9/27/2019 EUR 66.230
Vontobel Financial Produ 8.500 1/3/2020 EUR 72.330
Vontobel Financial Produ 16.500 9/27/2019 EUR 71.420
DZ Bank AG Deutsche Zent 5.750 12/27/2019 EUR 70.360
DZ Bank AG Deutsche Zent 11.000 12/27/2019 EUR 63.030
Commerzbank AG 4.250 9/27/2019 EUR 73.060
Commerzbank AG 12.500 10/25/2019 EUR 66.720
Commerzbank AG 14.500 10/25/2019 EUR 64.000
Commerzbank AG 15.250 9/27/2019 EUR 63.060
Commerzbank AG 10.500 9/27/2019 EUR 72.330
Commerzbank AG 12.500 9/27/2019 EUR 69.500
Commerzbank AG 14.500 9/27/2019 EUR 67.030
Commerzbank AG 9.750 10/25/2019 EUR 73.750
Commerzbank AG 11.750 10/25/2019 EUR 70.690
Commerzbank AG 13.750 10/25/2019 EUR 68.160
Vontobel Financial Produ 17.650 12/17/2019 EUR 71.020
Vontobel Financial Produ 7.000 1/6/2020 EUR 70.080
Vontobel Financial Produ 11.500 6/12/2020 EUR 71.550
Vontobel Financial Produ 14.500 3/13/2020 EUR 70.530
Commerzbank AG 12.000 12/31/2019 EUR 70.030
BNP Paribas Emissions- u 9.000 6/25/2020 EUR 70.440
Vontobel Financial Produ 10.500 4/3/2020 EUR 72.600
Goldman Sachs & Co Wertp 24.000 9/25/2019 EUR 65.750
Goldman Sachs & Co Wertp 17.000 10/23/2019 EUR 69.990
Goldman Sachs & Co Wertp 22.000 10/23/2019 EUR 67.300
EFG International Financ 7.400 3/29/2021 EUR 59.860
Zurcher Kantonalbank Fin 7.150 3/19/2020 CHF 27.780
Raiffeisen Schweiz Genos 7.000 9/23/2020 EUR 54.820
Raiffeisen Schweiz Genos 5.250 9/23/2019 CHF 72.360
Raiffeisen Schweiz Genos 10.000 9/23/2019 CHF 35.720
Landesbank Baden-Wuertte 4.100 6/25/2021 EUR 67.840
Societe Generale Effekte 6.100 4/3/2023 EUR 63.490
Goldman Sachs & Co Wertp 20.000 3/25/2020 EUR 69.740
Goldman Sachs & Co Wertp 22.000 3/25/2020 EUR 68.440
Goldman Sachs & Co Wertp 14.000 4/22/2020 EUR 73.060
Goldman Sachs & Co Wertp 21.000 4/22/2020 EUR 69.650
Goldman Sachs & Co Wertp 14.000 6/24/2020 EUR 72.950
Goldman Sachs & Co Wertp 14.000 9/23/2020 EUR 73.560
Vontobel Financial Produ 16.000 6/12/2020 EUR 69.760
Vontobel Financial Produ 17.000 3/13/2020 EUR 69.080
Landesbank Baden-Wuertte 5.500 9/25/2020 EUR 73.140
Landesbank Baden-Wuertte 3.000 9/25/2020 EUR 68.430
Landesbank Baden-Wuertte 5.000 9/25/2020 EUR 64.500
Landesbank Baden-Wuertte 7.000 9/25/2020 EUR 61.980
Commerzbank AG 14.000 12/31/2019 EUR 68.530
BNP Paribas Emissions- u 6.000 6/25/2020 EUR 73.290
BNP Paribas Emissions- u 9.000 12/30/2019 EUR 68.930
Vontobel Financial Produ 11.500 3/27/2020 EUR 72.220
Goldman Sachs & Co Wertp 19.000 9/25/2019 EUR 68.630
Commerzbank AG 13.750 11/22/2019 EUR 65.490
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 65.560
Vontobel Financial Produ 6.950 12/13/2019 EUR 52.910
UniCredit Bank AG 4.600 10/8/2022 EUR 61.680
Vontobel Financial Produ 5.000 12/13/2019 EUR 73.460
UBS AG/London 6.000 8/30/2019 CHF 11.040
Vontobel Financial Produ 8.000 12/13/2019 EUR 72.190
Vontobel Financial Produ 16.000 3/13/2020 EUR 71.310
UniCredit Bank AG 5.000 9/26/2021 EUR 37.770
Landesbank Baden-Wuertte 2.650 2/28/2020 EUR 74.080
Leonteq Securities AG/Gu 5.000 9/8/2020 CHF 38.410
Leonteq Securities AG/Gu 9.000 9/11/2019 EUR 62.180
HSBC Trinkaus & Burkhard 2.250 4/22/2020 EUR 60.100
HSBC Trinkaus & Burkhard 2.000 4/22/2020 EUR 72.960
HSBC Trinkaus & Burkhard 1.750 4/22/2020 EUR 73.290
Bank Julius Baer & Co Lt 5.700 10/23/2019 CHF 52.750
Bank Julius Baer & Co Lt 5.700 10/23/2019 CHF 69.500
BNP Paribas Emissions- u 5.500 9/26/2019 EUR 69.440
BNP Paribas Emissions- u 9.500 9/26/2019 EUR 69.750
BNP Paribas Emissions- u 10.000 9/26/2019 EUR 60.750
BNP Paribas Emissions- u 13.000 9/26/2019 EUR 51.000
BNP Paribas Emissions- u 8.000 9/26/2019 EUR 48.610
BNP Paribas Emissions- u 10.000 12/30/2019 EUR 71.800
BNP Paribas Emissions- u 19.000 9/26/2019 EUR 70.480
BNP Paribas Emissions- u 7.500 12/30/2019 EUR 71.830
BNP Paribas Emissions- u 7.000 9/26/2019 EUR 48.210
BNP Paribas Emissions- u 6.000 12/30/2019 EUR 59.690
BNP Paribas Emissions- u 20.000 12/30/2019 EUR 64.440
BNP Paribas Emissions- u 7.000 12/30/2019 EUR 48.910
BNP Paribas Emissions- u 12.000 12/30/2019 EUR 50.620
BNP Paribas Emissions- u 19.000 9/26/2019 EUR 71.100
BNP Paribas Emissions- u 12.000 9/26/2019 EUR 64.640
BNP Paribas Emissions- u 9.500 12/30/2019 EUR 72.830
BNP Paribas Emissions- u 5.000 9/26/2019 EUR 65.080
BNP Paribas Emissions- u 12.000 9/26/2019 EUR 60.520
BNP Paribas Emissions- u 20.000 9/26/2019 EUR 61.140
BNP Paribas Emissions- u 7.000 9/26/2019 EUR 67.290
BNP Paribas Emissions- u 16.000 9/26/2019 EUR 67.990
BNP Paribas Emissions- u 11.000 9/26/2019 EUR 65.050
BNP Paribas Emissions- u 29.000 9/26/2019 EUR 73.360
BNP Paribas Emissions- u 14.000 3/26/2020 EUR 72.380
DZ Bank AG Deutsche Zent 6.500 12/27/2019 EUR 71.330
DZ Bank AG Deutsche Zent 8.750 12/27/2019 EUR 70.490
Commerzbank AG 6.250 9/27/2019 EUR 68.600
Commerzbank AG 9.250 11/22/2019 EUR 63.500
Commerzbank AG 11.250 11/22/2019 EUR 60.580
Commerzbank AG 13.250 11/22/2019 EUR 58.130
Commerzbank AG 14.250 10/25/2019 EUR 69.200
Commerzbank AG 6.250 11/22/2019 EUR 68.720
Commerzbank AG 8.250 11/22/2019 EUR 63.790
Commerzbank AG 13.250 9/27/2019 EUR 65.880
Commerzbank AG 14.250 11/22/2019 EUR 55.210
Commerzbank AG 17.750 9/27/2019 EUR 68.670
Commerzbank AG 7.750 12/31/2019 EUR 66.670
Vontobel Financial Produ 7.250 9/13/2019 EUR 51.580
Commerzbank AG 2.100 8/28/2020 EUR 59.430
UBS AG/London 10.000 12/5/2019 EUR 64.550
Societe Generale Effekte 7.027 12/20/2019 EUR 72.500
Landesbank Baden-Wuertte 3.500 9/27/2019 EUR 70.870
Vontobel Financial Produ 5.500 12/13/2019 EUR 52.480
Vontobel Financial Produ 10.500 12/13/2019 EUR 68.070
Vontobel Financial Produ 16.000 3/13/2020 EUR 62.860
Commerzbank AG 9.500 10/25/2019 EUR 68.780
Commerzbank AG 5.250 11/22/2019 EUR 72.650
EFG International Financ 7.400 9/13/2019 USD 36.490
UBS AG/London 6.900 3/26/2020 EUR 71.350
Leonteq Securities AG/Gu 3.000 9/20/2022 CHF 69.650
UBS AG/London 10.000 12/5/2019 USD 63.300
Commerzbank AG 11.750 11/22/2019 EUR 68.190
Societe Generale Effekte 29.411 12/20/2019 EUR 61.250
Landesbank Baden-Wuertte 4.250 2/28/2020 EUR 58.090
Landesbank Baden-Wuertte 2.550 2/28/2020 EUR 73.720
Landesbank Hessen-Thueri 3.000 10/9/2019 EUR 70.300
Leonteq Securities AG/Gu 6.200 3/11/2020 CHF 66.840
Vontobel Financial Produ 14.000 1/3/2020 EUR 60.160
Vontobel Financial Produ 18.000 1/3/2020 EUR 71.220
Vontobel Financial Produ 11.500 1/3/2020 EUR 65.920
DZ Bank AG Deutsche Zent 10.000 3/25/2020 EUR 72.240
DZ Bank AG Deutsche Zent 11.000 9/25/2019 EUR 64.260
Commerzbank AG 13.750 10/25/2019 EUR 57.260
DZ Bank AG Deutsche Zent 7.000 12/27/2019 EUR 62.180
Commerzbank AG 10.500 10/25/2019 EUR 70.120
Commerzbank AG 9.750 11/22/2019 EUR 71.510
DekaBank Deutsche Giroze 2.700 9/18/2020 EUR 66.290
DekaBank Deutsche Giroze 2.300 9/20/2019 EUR 74.360
DekaBank Deutsche Giroze 2.000 9/18/2020 EUR 71.300
Vontobel Financial Produ 5.650 12/13/2019 EUR 69.090
Vontobel Financial Produ 10.250 9/13/2019 EUR 51.820
Bank Julius Baer & Co Lt 10.800 6/12/2020 CHF 68.050
UBS AG/London 10.000 12/5/2019 EUR 64.600
UBS AG/London 6.600 6/25/2020 EUR 70.380
UBS AG/London 8.500 3/26/2020 EUR 71.460
UBS AG/London 10.400 3/26/2020 EUR 68.400
UBS AG/London 5.900 12/28/2020 EUR 72.150
Bayerische Landesbank 2.700 11/26/2021 EUR 69.410
Leonteq Securities AG 13.750 11/7/2019 CHF 48.400
Leonteq Securities AG 16.000 11/4/2019 USD 50.010
Bayerische Landesbank 2.500 11/12/2021 EUR 70.100
Raiffeisen Schweiz Genos 6.750 5/4/2020 CHF 71.760
Raiffeisen Schweiz Genos 5.500 5/4/2020 CHF 60.510
Raiffeisen Schweiz Genos 5.300 5/4/2020 EUR 66.170
Raiffeisen Schweiz Genos 4.700 11/4/2020 CHF 60.960
Bank Julius Baer & Co Lt 8.500 10/28/2019 EUR 55.200
Raiffeisen Switzerland B 7.800 4/27/2020 EUR 72.160
UniCredit Bank AG 3.700 5/18/2022 CHF 63.240
Landesbank Baden-Wuertte 2.750 7/23/2021 EUR 71.050
Landesbank Baden-Wuertte 3.700 7/23/2021 EUR 66.550
DekaBank Deutsche Giroze 2.500 5/28/2021 EUR 66.870
Vontobel Financial Produ 3.250 10/25/2019 EUR 58.980
Vontobel Financial Produ 6.100 10/25/2019 EUR 56.510
Bayerische Landesbank 2.300 11/26/2021 EUR 73.730
UBS AG/London 10.500 4/20/2020 EUR 50.800
UBS AG/London 6.250 4/20/2020 CHF 61.150
UBS AG/London 6.500 11/11/2019 CHF 68.200
UBS AG/London 6.000 11/11/2019 CHF 57.750
UBS AG/London 6.000 11/11/2019 EUR 63.300
UBS AG/London 6.250 11/11/2019 EUR 56.250
UBS AG/London 6.000 11/11/2019 CHF 69.250
Vontobel Financial Produ 4.400 12/2/2019 EUR 50.890
UniCredit Bank AG 5.400 6/4/2021 EUR 51.100
Corner Banca SA 8.000 5/25/2021 CHF 65.410
UniCredit Bank AG 5.000 6/11/2021 EUR 52.680
UniCredit Bank AG 4.650 6/4/2022 EUR 72.140
Citigroup Global Markets 7.200 5/24/2023 SEK 32.500
Citigroup Global Markets 7.000 5/17/2023 SEK 57.790
Raiffeisen Schweiz Genos 5.750 5/18/2020 CHF 59.060
Raiffeisen Schweiz Genos 8.000 11/22/2019 EUR 46.380
Raiffeisen Schweiz Genos 6.500 5/18/2020 CHF 27.070
Raiffeisen Schweiz Genos 5.300 11/23/2020 CHF 60.460
Bank Julius Baer & Co Lt 10.500 11/12/2019 USD 63.100
Bank Julius Baer & Co Lt 6.000 5/11/2020 CHF 63.900
Landesbank Hessen-Thueri 4.000 6/22/2022 EUR 54.390
HSBC Trinkaus & Burkhard 4.680 11/22/2019 EUR 42.730
Natixis SA 3.150 6/9/2021 USD 50.327
Landesbank Baden-Wuertte 4.500 2/28/2020 EUR 67.470
Raiffeisen Schweiz Genos 5.800 12/11/2019 CHF 70.330
Raiffeisen Schweiz Genos 4.800 12/8/2020 CHF 50.570
Leonteq Securities AG 5.200 6/11/2020 CHF 58.370
Leonteq Securities AG 9.000 9/11/2019 CHF 56.930
Leonteq Securities AG 8.400 9/11/2019 CHF 67.360
Leonteq Securities AG 10.000 9/11/2019 EUR 67.500
Bank Julius Baer & Co Lt 8.000 9/2/2019 CHF 56.250
BNP Paribas Issuance BV 7.000 6/1/2020 EUR 72.500
BNP Paribas Issuance BV 6.600 6/1/2020 EUR 71.350
BNP Paribas Issuance BV 5.800 6/1/2020 EUR 69.900
BNP Paribas Issuance BV 6.800 6/1/2020 EUR 75.200
DekaBank Deutsche Giroze 2.000 6/25/2021 EUR 50.220
Leonteq Securities AG 14.800 9/4/2019 CHF 35.570
Credit Suisse AG/London 7.000 9/9/2019 CHF 54.420
Credit Suisse AG/Nassau 8.000 9/12/2019 EUR 66.560
UniCredit Bank AG 5.600 7/2/2021 EUR 58.540
UniCredit Bank AG 3.700 6/25/2022 EUR 73.450
Landesbank Baden-Wuertte 2.500 8/25/2023 EUR 68.640
Credit Suisse AG/Nassau 8.000 9/13/2019 CHF 73.170
Credit Suisse AG/Nassau 8.000 9/13/2019 EUR 60.420
DZ Bank AG Deutsche Zent 5.250 9/25/2019 EUR 53.600
DZ Bank AG Deutsche Zent 5.000 9/25/2019 EUR 66.940
DZ Bank AG Deutsche Zent 5.250 9/25/2019 EUR 70.920
Societe Generale SA 11.000 6/18/2020 USD 50.125
Landesbank Hessen-Thueri 7.600 7/6/2023 EUR 66.550
Leonteq Securities AG/Gu 2.500 6/5/2024 EUR 60.780
UBS AG/London 8.000 9/6/2019 CHF 65.450
UBS AG/London 5.250 12/6/2019 CHF 59.900
UBS AG/London 5.000 11/22/2019 EUR 58.000
UBS AG/London 6.750 12/6/2019 EUR 56.850
UBS AG/London 5.750 11/23/2020 CHF 63.100
UBS AG/London 8.000 6/8/2020 CHF 64.150
UBS AG/London 6.500 12/7/2020 EUR 57.400
UBS AG/London 7.250 6/8/2020 USD 68.890
Credit Suisse AG/Nassau 7.250 9/16/2019 CHF 54.260
Bank Julius Baer & Co Lt 6.950 9/13/2019 EUR 60.100
Credit Suisse AG/London 7.500 9/13/2019 CHF 71.300
Natixis SA 2.100 6/8/2021 EUR 50.885
Leonteq Securities AG 10.600 9/18/2019 CHF 56.730
Leonteq Securities AG 10.200 9/18/2019 CHF 27.450
Leonteq Securities AG 10.000 9/18/2019 EUR 44.220
Leonteq Securities AG/Gu 10.280 6/11/2020 CHF 66.120
Leonteq Securities AG/Gu 7.000 6/15/2020 CHF 61.320
UBS AG/London 3.500 9/26/2019 EUR 68.470
UBS AG/London 7.000 9/26/2019 EUR 57.370
UBS AG/London 5.400 1/2/2020 EUR 51.150
UBS AG/London 3.200 9/26/2019 EUR 69.620
UBS AG/London 5.400 9/26/2019 EUR 59.740
UBS AG/London 6.900 9/26/2019 EUR 47.100
UBS AG/London 6.900 9/26/2019 EUR 58.160
UBS AG/London 5.400 9/26/2019 EUR 49.060
UBS AG/London 4.200 1/2/2020 EUR 71.520
UBS AG/London 4.100 9/26/2019 EUR 66.320
UBS AG/London 3.800 9/26/2019 EUR 52.460
UBS AG/London 3.800 9/26/2019 EUR 72.220
UBS AG/London 4.500 9/26/2019 EUR 71.750
UBS AG/London 4.700 9/26/2019 EUR 64.150
HSBC Trinkaus & Burkhard 4.200 9/27/2019 EUR 73.180
HSBC Trinkaus & Burkhard 4.200 10/25/2019 EUR 73.990
HSBC Trinkaus & Burkhard 3.900 10/25/2019 EUR 51.190
HSBC Trinkaus & Burkhard 5.200 10/25/2019 EUR 68.780
HSBC Trinkaus & Burkhard 3.900 10/25/2019 EUR 66.040
HSBC Trinkaus & Burkhard 5.100 10/25/2019 EUR 67.690
HSBC Trinkaus & Burkhard 2.300 9/27/2019 EUR 57.510
HSBC Trinkaus & Burkhard 4.300 10/25/2019 EUR 52.250
HSBC Trinkaus & Burkhard 2.300 10/25/2019 EUR 57.630
HSBC Trinkaus & Burkhard 5.200 9/27/2019 EUR 67.310
HSBC Trinkaus & Burkhard 5.200 10/25/2019 EUR 20.890
HSBC Trinkaus & Burkhard 3.600 10/25/2019 EUR 70.270
HSBC Trinkaus & Burkhard 7.100 10/25/2019 EUR 62.480
HSBC Trinkaus & Burkhard 3.600 9/27/2019 EUR 56.650
Leonteq Securities AG/Gu 5.000 8/17/2020 CHF 65.690
UBS AG/London 2.600 9/26/2019 EUR 64.870
UBS AG/London 4.000 1/2/2020 EUR 60.820
Credit Suisse AG/Nassau 8.000 11/18/2019 CHF 66.610
Societe Generale Effekte 14.115 9/20/2019 EUR 71.460
Leonteq Securities AG 6.000 8/17/2021 CHF 63.050
Leonteq Securities AG 5.000 2/17/2021 CHF 49.760
Leonteq Securities AG/Gu 16.000 11/20/2019 USD 65.750
UBS AG/London 10.000 8/10/2020 USD 58.660
UBS AG/London 10.000 8/10/2020 CHF 59.150
Raiffeisen Schweiz Genos 5.300 8/17/2020 CHF 72.850
HSBC Trinkaus & Burkhard 5.500 8/14/2020 EUR 64.370
DZ Bank AG Deutsche Zent 6.750 12/27/2019 EUR 50.500
DZ Bank AG Deutsche Zent 6.500 12/27/2019 EUR 70.450
DZ Bank AG Deutsche Zent 8.750 12/27/2019 EUR 60.570
DZ Bank AG Deutsche Zent 5.750 12/27/2019 EUR 69.290
DZ Bank AG Deutsche Zent 9.000 12/27/2019 EUR 24.370
Landesbank Hessen-Thueri 4.000 9/14/2022 EUR 72.480
DZ Bank AG Deutsche Zent 6.250 12/23/2019 EUR 57.810
DZ Bank AG Deutsche Zent 7.000 9/23/2019 EUR 54.290
DZ Bank AG Deutsche Zent 4.800 12/23/2019 EUR 55.320
DZ Bank AG Deutsche Zent 6.000 12/23/2019 EUR 55.710
DZ Bank AG Deutsche Zent 5.000 12/23/2019 EUR 62.930
DZ Bank AG Deutsche Zent 6.000 12/23/2019 EUR 70.750
DZ Bank AG Deutsche Zent 7.700 12/23/2019 EUR 65.570
DZ Bank AG Deutsche Zent 4.750 9/23/2019 EUR 69.190
DZ Bank AG Deutsche Zent 8.500 9/23/2019 EUR 63.730
DZ Bank AG Deutsche Zent 6.250 9/23/2019 EUR 61.410
DZ Bank AG Deutsche Zent 6.750 9/23/2019 EUR 67.820
DZ Bank AG Deutsche Zent 4.500 12/23/2019 EUR 65.410
DZ Bank AG Deutsche Zent 6.250 9/23/2019 EUR 56.280
DZ Bank AG Deutsche Zent 5.400 12/23/2019 EUR 72.790
DZ Bank AG Deutsche Zent 7.000 12/23/2019 EUR 72.060
DZ Bank AG Deutsche Zent 4.700 12/23/2019 EUR 70.180
DZ Bank AG Deutsche Zent 5.100 9/23/2019 EUR 64.390
DZ Bank AG Deutsche Zent 6.600 9/23/2019 EUR 62.710
DZ Bank AG Deutsche Zent 4.300 12/23/2019 EUR 67.930
DZ Bank AG Deutsche Zent 5.100 12/23/2019 EUR 66.450
DZ Bank AG Deutsche Zent 5.900 12/23/2019 EUR 65.540
DZ Bank AG Deutsche Zent 6.500 12/23/2019 EUR 71.190
Zurcher Kantonalbank Fin 5.125 2/14/2020 CHF 66.750
Leonteq Securities AG/Gu 5.600 8/24/2021 CHF 52.740
Vontobel Financial Produ 11.500 9/27/2019 EUR 58.270
Vontobel Financial Produ 8.000 9/27/2019 EUR 72.980
Landesbank Baden-Wuertte 5.000 9/27/2019 EUR 70.990
Credit Suisse AG/Nassau 7.000 11/22/2019 CHF 64.560
DZ Bank AG Deutsche Zent 4.750 9/23/2019 EUR 59.630
BNP Paribas Emissions- u 6.300 9/26/2019 EUR 56.870
UBS AG/London 8.750 8/17/2020 CHF 47.150
UBS AG/London 9.500 8/17/2020 CHF 60.450
UBS AG/London 10.000 8/17/2020 CHF 64.150
UBS AG/London 9.000 8/17/2020 EUR 62.250
UBS AG/London 8.000 8/17/2020 EUR 50.350
UBS AG/London 7.000 8/17/2020 EUR 72.350
UBS AG/London 8.000 8/17/2020 CHF 56.800
Raiffeisen Schweiz Genos 6.000 8/17/2020 CHF 67.880
Vontobel Financial Produ 4.000 11/18/2019 EUR 74.243
Raiffeisen Schweiz Genos 5.340 8/17/2020 CHF 71.160
Leonteq Securities AG/Gu 12.800 11/27/2019 CHF 56.840
DekaBank Deutsche Giroze 3.000 9/12/2019 EUR 66.890
Vontobel Financial Produ 3.840 2/17/2020 EUR 62.400
Raiffeisen Schweiz Genos 6.250 2/17/2020 CHF 63.620
Leonteq Securities AG 8.000 8/24/2020 CHF 63.750
Leonteq Securities AG 12.400 11/27/2019 CHF 58.840
Leonteq Securities AG 10.200 11/27/2019 CHF 47.610
Leonteq Securities AG/Gu 15.000 11/27/2019 USD 39.210
Raiffeisen Schweiz Genos 6.500 2/24/2020 CHF 66.070
Raiffeisen Schweiz Genos 5.500 2/24/2020 CHF 67.270
Raiffeisen Schweiz Genos 5.250 2/24/2020 CHF 58.030
Landesbank Hessen-Thueri 5.800 9/24/2024 EUR 65.610
Credit Suisse AG/Nassau 8.000 11/27/2019 CHF 67.320
Corner Banca SA 5.800 2/17/2020 CHF 69.880
Corner Banca SA 8.700 2/20/2020 USD 70.410
Bayerische Landesbank 4.800 9/13/2019 EUR 58.790
Landesbank Baden-Wuertte 3.000 9/23/2022 EUR 69.690
Bayerische Landesbank 5.100 9/13/2019 EUR 60.770
Vontobel Financial Produ 6.000 9/27/2019 EUR 68.400
Vontobel Financial Produ 6.500 9/27/2019 EUR 53.800
Vontobel Financial Produ 7.500 9/27/2019 EUR 68.130
Societe Generale Effekte 5.600 9/4/2023 EUR 62.710
Vontobel Financial Produ 8.000 9/27/2019 EUR 49.060
Vontobel Financial Produ 12.000 9/27/2019 EUR 60.540
Vontobel Financial Produ 13.500 9/27/2019 EUR 51.180
Vontobel Financial Produ 15.500 9/27/2019 EUR 60.830
UBS AG/London 6.000 2/10/2020 EUR 48.700
Raiffeisen Schweiz Genos 6.000 2/17/2020 CHF 55.880
UBS AG/London 6.500 6/1/2020 EUR 66.400
UBS AG/London 10.000 12/2/2019 EUR 57.400
UBS AG/London 11.000 12/2/2019 EUR 66.750
UBS AG/London 5.500 12/2/2019 CHF 57.900
Credit Suisse AG/London 7.000 11/28/2019 CHF 56.860
Raiffeisen Centrobank AG 8.226 6/23/2020 EUR 65.800
Raiffeisen Centrobank AG 9.507 12/27/2019 EUR 68.070
Credit Suisse AG/Nassau 7.250 6/8/2020 EUR 63.700
Credit Suisse AG/Nassau 8.000 9/9/2019 CHF 44.900
DZ Bank AG Deutsche Zent 6.250 9/23/2019 EUR 68.010
Commerzbank AG 7.250 9/27/2019 EUR 67.520
Commerzbank AG 9.250 9/27/2019 EUR 64.330
Commerzbank AG 11.250 9/27/2019 EUR 61.720
Commerzbank AG 10.250 9/27/2019 EUR 71.970
Commerzbank AG 12.250 9/27/2019 EUR 68.590
Commerzbank AG 3.000 9/27/2019 EUR 69.000
Commerzbank AG 9.000 9/27/2019 EUR 54.260
Commerzbank AG 12.500 9/27/2019 EUR 69.510
Commerzbank AG 10.500 9/27/2019 EUR 72.730
Commerzbank AG 3.000 9/27/2019 EUR 73.140
Credit Suisse AG/London 7.250 10/14/2019 CHF 70.000
Landesbank Baden-Wuertte 3.600 7/23/2021 EUR 72.190
Vontobel Financial Produ 8.000 1/3/2020 EUR 71.410
Vontobel Financial Produ 11.500 1/3/2020 EUR 66.920
Vontobel Financial Produ 13.500 1/3/2020 EUR 60.980
Vontobel Financial Produ 14.500 1/3/2020 EUR 59.920
Vontobel Financial Produ 17.500 9/27/2019 EUR 71.500
Vontobel Financial Produ 9.000 1/3/2020 EUR 65.770
Vontobel Financial Produ 13.000 1/3/2020 EUR 61.660
Vontobel Financial Produ 17.000 1/3/2020 EUR 58.420
Vontobel Financial Produ 16.000 1/3/2020 EUR 59.530
Vontobel Financial Produ 14.500 1/3/2020 EUR 60.550
Vontobel Financial Produ 5.000 9/27/2019 EUR 72.430
Vontobel Financial Produ 7.500 9/27/2019 EUR 67.670
Vontobel Financial Produ 15.500 9/27/2019 EUR 63.000
Vontobel Financial Produ 13.500 1/3/2020 EUR 65.110
Vontobel Financial Produ 13.000 9/27/2019 EUR 65.410
Vontobel Financial Produ 5.500 1/3/2020 EUR 71.180
Vontobel Financial Produ 8.000 1/3/2020 EUR 67.500
Vontobel Financial Produ 9.000 9/27/2019 EUR 65.560
Vontobel Financial Produ 12.500 9/27/2019 EUR 61.810
Vontobel Financial Produ 14.000 9/27/2019 EUR 60.090
Vontobel Financial Produ 16.000 9/27/2019 EUR 58.530
Vontobel Financial Produ 17.500 9/27/2019 EUR 57.030
Commerzbank AG 9.500 9/27/2019 EUR 64.750
Commerzbank AG 11.500 9/27/2019 EUR 61.590
Commerzbank AG 15.500 9/27/2019 EUR 56.600
Commerzbank AG 8.000 9/27/2019 EUR 53.920
Commerzbank AG 10.000 9/27/2019 EUR 51.350
Commerzbank AG 12.000 9/27/2019 EUR 49.060
Commerzbank AG 8.000 9/27/2019 EUR 71.180
Commerzbank AG 10.000 9/27/2019 EUR 68.240
Commerzbank AG 5.500 9/27/2019 EUR 66.550
Commerzbank AG 9.750 9/27/2019 EUR 57.350
Commerzbank AG 11.750 9/27/2019 EUR 54.430
Commerzbank AG 13.750 9/27/2019 EUR 51.930
Commerzbank AG 4.000 9/27/2019 EUR 63.080
Commerzbank AG 6.000 9/27/2019 EUR 57.770
Commerzbank AG 4.500 9/27/2019 EUR 73.150
Commerzbank AG 10.500 9/27/2019 EUR 61.430
Bank Julius Baer & Co Lt 8.150 10/18/2019 USD 48.400
Vontobel Financial Produ 5.500 9/27/2019 EUR 61.130
Vontobel Financial Produ 17.500 1/3/2020 EUR 49.010
Vontobel Financial Produ 16.000 1/3/2020 EUR 50.350
Vontobel Financial Produ 4.000 1/3/2020 EUR 65.080
Vontobel Financial Produ 14.000 9/27/2019 EUR 50.290
Vontobel Financial Produ 16.500 9/27/2019 EUR 48.270
Vontobel Financial Produ 15.000 9/27/2019 EUR 55.680
Vontobel Financial Produ 6.000 1/3/2020 EUR 71.460
Vontobel Financial Produ 14.500 9/27/2019 EUR 72.490
Commerzbank AG 7.250 9/27/2019 EUR 74.160
Commerzbank AG 8.250 9/27/2019 EUR 72.600
Vontobel Financial Produ 8.500 12/31/2019 EUR 72.360
Zurcher Kantonalbank Fin 5.000 10/15/2019 EUR 64.740
Commerzbank AG 8.250 9/27/2019 EUR 70.810
Vontobel Financial Produ 6.910 10/22/2019 EUR 46.650
Commerzbank AG 10.000 3/27/2020 EUR 69.600
Landesbank Baden-Wuertte 3.000 10/25/2019 EUR 70.930
Landesbank Baden-Wuertte 4.000 10/25/2019 EUR 69.360
Landesbank Baden-Wuertte 2.000 10/25/2019 EUR 39.710
Landesbank Baden-Wuertte 3.500 10/25/2019 EUR 36.960
Landesbank Baden-Wuertte 5.000 10/25/2019 EUR 34.590
Landesbank Baden-Wuertte 3.000 10/25/2019 EUR 71.660
Landesbank Baden-Wuertte 4.500 10/25/2019 EUR 68.610
Landesbank Baden-Wuertte 5.000 10/25/2019 EUR 72.280
Landesbank Baden-Wuertte 6.000 10/25/2019 EUR 74.610
Landesbank Baden-Wuertte 7.500 10/25/2019 EUR 71.010
DZ Bank AG Deutsche Zent 8.250 9/23/2019 EUR 68.140
DZ Bank AG Deutsche Zent 6.250 12/23/2019 EUR 69.360
Commerzbank AG 5.250 9/27/2019 EUR 71.670
Commerzbank AG 7.000 9/27/2019 EUR 57.640
Commerzbank AG 11.000 9/27/2019 EUR 51.550
Commerzbank AG 13.000 9/27/2019 EUR 49.220
UBS AG/London 11.000 4/17/2020 CHF 53.800
Bayerische Landesbank 4.000 11/15/2019 EUR 71.220
Vontobel Financial Produ 18.000 9/27/2019 EUR 71.300
Vontobel Financial Produ 12.500 1/3/2020 EUR 65.990
Vontobel Financial Produ 14.000 9/27/2019 EUR 64.160
Vontobel Financial Produ 15.000 1/3/2020 EUR 64.450
Vontobel Financial Produ 16.500 9/27/2019 EUR 57.730
Vontobel Financial Produ 7.000 1/3/2020 EUR 72.650
Vontobel Financial Produ 12.000 1/3/2020 EUR 61.940
Vontobel Financial Produ 13.000 9/27/2019 EUR 60.470
Vontobel Financial Produ 15.000 9/27/2019 EUR 59.080
Vontobel Financial Produ 17.500 1/3/2020 EUR 71.420
Vontobel Financial Produ 10.500 1/3/2020 EUR 67.910
Vontobel Financial Produ 11.500 1/3/2020 EUR 62.860
Vontobel Financial Produ 10.500 1/3/2020 EUR 64.350
Vontobel Financial Produ 6.500 9/27/2019 EUR 69.980
Vontobel Financial Produ 11.500 9/27/2019 EUR 66.680
Vontobel Financial Produ 4.500 1/3/2020 EUR 73.320
Vontobel Financial Produ 6.500 1/3/2020 EUR 69.180
Vontobel Financial Produ 11.000 9/27/2019 EUR 63.640
Commerzbank AG 3.000 9/27/2019 EUR 47.220
Commerzbank AG 13.000 9/27/2019 EUR 31.900
Commerzbank AG 15.000 9/27/2019 EUR 30.660
Commerzbank AG 7.500 9/27/2019 EUR 68.590
Commerzbank AG 13.500 9/27/2019 EUR 59.000
Commerzbank AG 7.750 9/27/2019 EUR 61.120
Commerzbank AG 6.500 9/27/2019 EUR 67.740
Commerzbank AG 8.500 9/27/2019 EUR 63.980
Landesbank Hessen-Thueri 3.250 8/13/2020 EUR 71.700
Landesbank Hessen-Thueri 3.100 8/13/2020 EUR 56.100
DekaBank Deutsche Giroze 3.000 1/10/2020 EUR 68.620
Raiffeisen Schweiz Genos 5.000 11/4/2019 CHF 60.740
HSBC Trinkaus & Burkhard 6.630 5/22/2020 EUR 68.820
DekaBank Deutsche Giroze 2.200 5/28/2021 EUR 60.300
DekaBank Deutsche Giroze 2.000 5/29/2020 EUR 73.000
DekaBank Deutsche Giroze 2.500 5/29/2020 EUR 63.080
DekaBank Deutsche Giroze 2.900 5/29/2020 EUR 45.050
Corner Banca SA 14.000 11/14/2019 CHF 72.340
DekaBank Deutsche Giroze 3.000 5/29/2020 EUR 71.760
DekaBank Deutsche Giroze 2.700 5/29/2020 EUR 51.030
DekaBank Deutsche Giroze 3.100 5/28/2021 EUR 56.120
Deutsche Bank AG 6.200 9/24/2019 EUR 71.040
Deutsche Bank AG 6.200 12/24/2019 EUR 72.570
Landesbank Baden-Wuertte 2.750 5/31/2021 EUR 58.190
Deutsche Bank AG 6.200 9/24/2019 EUR 69.280
Deutsche Bank AG 6.200 9/24/2019 EUR 65.460
Deutsche Bank AG 6.200 9/24/2019 EUR 64.040
Deutsche Bank AG 6.200 12/24/2019 EUR 65.590
Deutsche Bank AG 6.200 9/24/2019 EUR 47.000
Deutsche Bank AG 6.200 9/24/2019 EUR 44.900
Deutsche Bank AG 6.200 12/24/2019 EUR 48.600
Deutsche Bank AG 6.200 12/24/2019 EUR 46.500
Deutsche Bank AG 6.200 9/24/2019 EUR 52.000
Deutsche Bank AG 6.200 12/24/2019 EUR 53.500
Deutsche Bank AG 6.200 12/24/2019 EUR 51.500
Deutsche Bank AG 6.200 9/24/2019 EUR 67.960
Deutsche Bank AG 6.200 9/24/2019 EUR 65.790
Deutsche Bank AG 6.200 12/24/2019 EUR 69.510
Deutsche Bank AG 6.200 12/24/2019 EUR 67.340
Deutsche Bank AG 6.200 9/24/2019 EUR 55.460
Deutsche Bank AG 6.200 9/24/2019 EUR 53.170
Deutsche Bank AG 6.200 12/24/2019 EUR 56.980
Deutsche Bank AG 6.200 12/24/2019 EUR 54.700
Deutsche Bank AG 6.200 9/24/2019 EUR 72.250
Deutsche Bank AG 6.200 9/24/2019 EUR 47.310
Deutsche Bank AG 6.200 9/24/2019 EUR 45.270
Deutsche Bank AG 6.200 12/24/2019 EUR 46.750
Deutsche Bank AG 6.200 9/24/2019 EUR 41.400
Deutsche Bank AG 6.200 9/24/2019 EUR 40.000
Deutsche Bank AG 6.200 9/24/2019 EUR 51.160
Deutsche Bank AG 6.200 12/24/2019 EUR 52.760
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 56.330
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 53.300
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 66.130
Landesbank Baden-Wuertte 3.500 4/24/2020 EUR 60.520
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 55.360
Landesbank Baden-Wuertte 3.000 4/24/2020 EUR 71.790
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 69.040
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 66.640
Landesbank Baden-Wuertte 6.000 4/24/2020 EUR 61.770
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 74.290
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 73.440
Landesbank Baden-Wuertte 2.500 5/22/2020 EUR 69.550
Landesbank Baden-Wuertte 4.500 5/22/2020 EUR 61.010
Landesbank Baden-Wuertte 4.500 4/24/2020 EUR 72.050
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 72.050
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 71.660
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 69.160
Landesbank Baden-Wuertte 2.500 4/24/2020 EUR 24.130
Landesbank Baden-Wuertte 4.500 4/24/2020 EUR 22.630
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 57.420
Landesbank Baden-Wuertte 3.000 4/24/2020 EUR 55.380
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 53.400
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 67.270
Landesbank Baden-Wuertte 3.500 4/24/2020 EUR 60.470
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 61.350
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 55.890
Landesbank Baden-Wuertte 2.500 5/22/2020 EUR 62.830
Landesbank Baden-Wuertte 4.000 5/22/2020 EUR 57.470
Landesbank Baden-Wuertte 5.500 5/22/2020 EUR 53.220
Landesbank Baden-Wuertte 4.000 5/22/2020 EUR 71.720
Landesbank Baden-Wuertte 6.000 5/22/2020 EUR 66.770
Landesbank Baden-Wuertte 2.000 5/22/2020 EUR 71.080
Landesbank Baden-Wuertte 3.500 5/22/2020 EUR 65.580
Landesbank Baden-Wuertte 5.000 5/22/2020 EUR 58.610
Landesbank Baden-Wuertte 4.000 5/22/2020 EUR 70.110
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 70.950
Landesbank Baden-Wuertte 2.500 4/24/2020 EUR 44.990
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 41.690
Landesbank Baden-Wuertte 2.500 4/24/2020 EUR 65.790
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 59.550
Landesbank Baden-Wuertte 2.500 4/24/2020 EUR 62.480
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 55.910
Landesbank Baden-Wuertte 5.500 4/24/2020 EUR 52.710
Landesbank Baden-Wuertte 4.000 4/24/2020 EUR 70.550
Landesbank Baden-Wuertte 4.500 4/24/2020 EUR 73.960
Landesbank Baden-Wuertte 5.500 4/24/2020 EUR 72.240
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 74.050
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 67.490
Landesbank Baden-Wuertte 3.000 4/24/2020 EUR 64.720
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 72.470
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 60.950
Landesbank Baden-Wuertte 3.000 4/24/2020 EUR 58.490
Landesbank Baden-Wuertte 2.000 4/24/2020 EUR 61.620
Landesbank Baden-Wuertte 3.500 4/24/2020 EUR 54.500
Landesbank Baden-Wuertte 5.000 4/24/2020 EUR 51.140
Landesbank Baden-Wuertte 2.580 9/27/2019 EUR 69.830
UBS AG/London 15.000 11/4/2019 USD 52.040
UBS AG/London 5.700 9/26/2019 EUR 49.690
UBS AG/London 4.800 1/2/2020 EUR 64.950
UBS AG/London 4.300 9/26/2019 EUR 53.810
UBS AG/London 7.000 9/26/2019 EUR 49.610
UBS AG/London 5.100 3/26/2020 EUR 51.200
UBS AG/London 7.700 9/26/2019 EUR 47.350
UBS AG/London 5.600 9/26/2019 EUR 63.810
UBS AG/London 5.700 9/26/2019 EUR 67.110
UBS AG/London 5.800 11/4/2019 CHF 62.000
UBS AG/London 13.000 5/4/2020 CHF 54.850
UBS AG/London 8.750 11/4/2019 CHF 49.600
UBS AG/London 10.500 11/3/2020 CHF 62.000
Bayerische Landesbank 3.100 1/31/2020 EUR 68.280
Bayerische Landesbank 2.600 1/31/2020 EUR 72.030
Corner Banca SA 9.000 11/11/2019 CHF 25.170
EFG International Financ 7.000 11/17/2020 CHF 61.240
DekaBank Deutsche Giroze 5.950 12/4/2020 EUR 55.330
DekaBank Deutsche Giroze 4.350 12/4/2020 EUR 72.090
Raiffeisen Schweiz Genos 6.400 11/14/2019 CHF 25.150
Raiffeisen Schweiz Genos 5.200 11/11/2020 CHF 61.740
Raiffeisen Schweiz Genos 3.400 5/14/2020 CHF 58.880
Corner Banca SA 8.200 5/14/2020 CHF 28.640
Vontobel Financial Produ 4.300 11/25/2019 EUR 53.770
Vontobel Financial Produ 4.000 11/25/2019 EUR 47.630
Landesbank Hessen-Thueri 4.000 6/8/2022 EUR 60.520
Landesbank Hessen-Thueri 4.000 6/8/2022 EUR 73.060
Landesbank Hessen-Thueri 4.000 6/8/2022 EUR 67.990
Leonteq Securities AG/Gu 8.000 5/14/2020 CHF 64.470
Landesbank Baden-Wuertte 2.800 7/22/2022 EUR 72.510
UBS AG/London 5.000 11/4/2019 CHF 66.350
UBS AG/London 4.000 11/4/2019 CHF 71.150
UBS AG/London 5.000 11/4/2019 EUR 65.750
HSBC Trinkaus & Burkhard 6.600 12/27/2019 EUR 20.690
HSBC Trinkaus & Burkhard 5.000 12/27/2019 EUR 20.150
HSBC Trinkaus & Burkhard 3.200 12/27/2019 EUR 19.550
HSBC Trinkaus & Burkhard 3.100 12/27/2019 EUR 56.010
HSBC Trinkaus & Burkhard 3.500 12/27/2019 EUR 64.030
HSBC Trinkaus & Burkhard 3.400 12/27/2019 EUR 58.260
HSBC Trinkaus & Burkhard 4.600 12/27/2019 EUR 64.400
DekaBank Deutsche Giroze 5.400 12/4/2020 EUR 70.410
Banque Cantonale Vaudois 8.000 11/15/2019 CHF 59.370
Landesbank Baden-Wuertte 4.500 6/26/2020 EUR 64.060
Landesbank Baden-Wuertte 4.850 6/26/2020 EUR 55.240
Landesbank Baden-Wuertte 5.000 6/26/2020 EUR 44.450
Landesbank Baden-Wuertte 5.250 6/26/2020 EUR 55.500
Bank Julius Baer & Co Lt 7.100 11/18/2019 CHF 68.350
Credit Suisse AG/London 4.950 11/4/2019 EUR 72.780
EFG International Financ 15.000 11/25/2019 USD 61.940
Raiffeisen Schweiz Genos 3.000 9/21/2029 CHF 69.650
Raiffeisen Schweiz Genos 2.700 9/22/2026 CHF 56.430
UniCredit Bank AG 3.500 1/29/2020 EUR 27.510
UniCredit Bank AG 3.500 12/19/2019 EUR 28.950
UBS AG/London 8.750 4/27/2020 EUR 65.400
UBS AG/London 8.000 4/27/2020 EUR 56.800
UBS AG/London 7.500 10/25/2019 CHF 73.350
Vontobel Financial Produ 14.000 1/3/2020 EUR 72.420
Vontobel Financial Produ 10.500 1/3/2020 EUR 37.480
Vontobel Financial Produ 12.500 1/3/2020 EUR 68.900
Vontobel Financial Produ 8.500 1/3/2020 EUR 59.760
Commerzbank AG 18.250 10/25/2019 EUR 62.500
Commerzbank AG 6.250 10/25/2019 EUR 68.830
Commerzbank AG 12.000 10/25/2019 EUR 67.040
Commerzbank AG 4.000 10/25/2019 EUR 62.540
Commerzbank AG 6.000 10/25/2019 EUR 56.910
Commerzbank AG 13.750 10/25/2019 EUR 70.110
Commerzbank AG 7.250 10/25/2019 EUR 45.080
Commerzbank AG 9.750 9/27/2019 EUR 72.470
Commerzbank AG 9.250 10/25/2019 EUR 73.300
Commerzbank AG 14.250 10/25/2019 EUR 69.540
Commerzbank AG 5.750 10/25/2019 EUR 70.140
Commerzbank AG 12.750 10/25/2019 EUR 51.490
BNP Paribas Emissions- u 6.000 12/30/2019 EUR 60.830
Commerzbank AG 13.000 10/25/2019 EUR 59.310
Commerzbank AG 15.000 10/25/2019 EUR 57.020
Commerzbank AG 10.000 10/25/2019 EUR 50.350
Commerzbank AG 11.000 10/25/2019 EUR 69.060
Commerzbank AG 12.000 10/25/2019 EUR 67.470
Commerzbank AG 12.250 10/25/2019 EUR 73.220
Commerzbank AG 8.500 9/27/2019 EUR 67.110
Commerzbank AG 6.000 10/25/2019 EUR 72.390
Commerzbank AG 8.000 10/25/2019 EUR 67.900
BNP Paribas Emissions- u 6.000 12/30/2019 EUR 71.630
BNP Paribas Emissions- u 8.000 12/30/2019 EUR 72.300
BNP Paribas Emissions- u 7.000 9/26/2019 EUR 73.400
Vontobel Financial Produ 10.000 12/31/2019 EUR 34.520
Vontobel Financial Produ 10.000 12/31/2019 EUR 71.170
Commerzbank AG 11.250 9/27/2019 EUR 70.850
Commerzbank AG 8.750 9/27/2019 EUR 67.510
Commerzbank AG 10.750 9/27/2019 EUR 64.600
Commerzbank AG 14.000 9/27/2019 EUR 59.760
Commerzbank AG 16.000 9/27/2019 EUR 57.520
Commerzbank AG 10.000 9/27/2019 EUR 43.890
Commerzbank AG 20.000 10/25/2019 EUR 63.200
Vontobel Financial Produ 11.500 9/27/2019 EUR 64.360
Vontobel Financial Produ 9.000 9/27/2019 EUR 55.170
Raiffeisen Schweiz Genos 7.000 4/30/2020 EUR 57.080
Leonteq Securities AG/Gu 7.000 10/29/2020 CHF 54.450
Vontobel Financial Produ 11.550 12/31/2019 EUR 57.500
HSBC Trinkaus & Burkhard 10.500 12/27/2019 EUR 61.870
HSBC Trinkaus & Burkhard 9.600 10/25/2019 EUR 63.130
HSBC Trinkaus & Burkhard 8.800 9/27/2019 EUR 70.890
HSBC Trinkaus & Burkhard 6.200 9/27/2019 EUR 45.530
HSBC Trinkaus & Burkhard 5.500 9/27/2019 EUR 70.110
HSBC Trinkaus & Burkhard 7.400 12/27/2019 EUR 72.420
HSBC Trinkaus & Burkhard 6.900 9/27/2019 EUR 57.450
HSBC Trinkaus & Burkhard 2.600 9/27/2019 EUR 70.430
HSBC Trinkaus & Burkhard 6.200 1/24/2020 EUR 67.870
HSBC Trinkaus & Burkhard 4.500 9/27/2019 EUR 41.400
HSBC Trinkaus & Burkhard 4.300 12/27/2019 EUR 41.940
HSBC Trinkaus & Burkhard 8.000 9/27/2019 EUR 70.750
HSBC Trinkaus & Burkhard 10.000 9/27/2019 EUR 73.970
HSBC Trinkaus & Burkhard 3.100 9/27/2019 EUR 51.050
HSBC Trinkaus & Burkhard 7.600 12/27/2019 EUR 58.120
HSBC Trinkaus & Burkhard 10.000 12/27/2019 EUR 62.280
UniCredit Bank AG 4.400 1/9/2021 EUR 69.980
Commerzbank AG 16.250 10/25/2019 EUR 65.460
Commerzbank AG 8.500 10/25/2019 EUR 73.720
Commerzbank AG 8.000 9/27/2019 EUR 40.650
Commerzbank AG 12.000 9/27/2019 EUR 35.950
Commerzbank AG 6.750 9/27/2019 EUR 71.030
Commerzbank AG 12.000 9/27/2019 EUR 58.330
Vontobel Financial Produ 16.000 1/3/2020 EUR 61.030
Vontobel Financial Produ 12.000 1/3/2020 EUR 51.970
DZ Bank AG Deutsche Zent 6.250 12/23/2019 EUR 71.650
UniCredit Bank AG 7.000 10/25/2019 EUR 41.830
HSBC Trinkaus & Burkhard 11.400 12/27/2019 EUR 60.720
HSBC Trinkaus & Burkhard 8.500 1/24/2020 EUR 64.950
HSBC Trinkaus & Burkhard 8.400 9/27/2019 EUR 72.800
HSBC Trinkaus & Burkhard 4.400 9/27/2019 EUR 65.950
HSBC Trinkaus & Burkhard 4.300 9/27/2019 EUR 63.180
HSBC Trinkaus & Burkhard 6.300 10/25/2019 EUR 66.510
HSBC Trinkaus & Burkhard 11.800 12/27/2019 EUR 35.010
HSBC Trinkaus & Burkhard 9.000 10/25/2019 EUR 36.290
HSBC Trinkaus & Burkhard 8.100 1/24/2020 EUR 37.770
HSBC Trinkaus & Burkhard 5.800 3/27/2020 EUR 60.930
HSBC Trinkaus & Burkhard 5.900 1/24/2020 EUR 60.960
HSBC Trinkaus & Burkhard 3.200 1/24/2020 EUR 66.880
HSBC Trinkaus & Burkhard 3.900 9/27/2019 EUR 71.070
HSBC Trinkaus & Burkhard 7.500 12/27/2019 EUR 65.610
HSBC Trinkaus & Burkhard 4.200 12/27/2019 EUR 71.910
Commerzbank AG 6.000 9/27/2019 EUR 69.350
Commerzbank AG 6.250 9/27/2019 EUR 71.290
Commerzbank AG 6.500 10/25/2019 EUR 75.870
Commerzbank AG 4.250 9/27/2019 EUR 55.630
Commerzbank AG 13.750 9/27/2019 EUR 35.460
Commerzbank AG 7.250 10/25/2019 EUR 43.710
Commerzbank AG 21.500 9/27/2019 EUR 68.150
Commerzbank AG 11.250 10/25/2019 EUR 38.230
Commerzbank AG 15.250 10/25/2019 EUR 35.000
Commerzbank AG 10.750 9/27/2019 EUR 65.230
Commerzbank AG 12.750 9/27/2019 EUR 62.580
DZ Bank AG Deutsche Zent 5.250 11/20/2019 EUR 71.080
Raiffeisen Centrobank AG 9.674 12/23/2020 EUR 76.630
Landesbank Hessen-Thueri 3.350 8/13/2020 EUR 71.000
DekaBank Deutsche Giroze 3.750 11/22/2019 EUR 67.030
Bayerische Landesbank 3.200 7/3/2020 EUR 67.260
Commerzbank AG 7.750 9/27/2019 EUR 36.410
Commerzbank AG 9.750 9/27/2019 EUR 34.140
UBS AG/London 12.000 10/26/2020 CHF 69.100
HSBC Trinkaus & Burkhard 11.550 10/25/2019 EUR 33.230
Vontobel Financial Produ 12.500 9/27/2019 EUR 34.630
Vontobel Financial Produ 6.500 9/27/2019 EUR 63.720
Vontobel Financial Produ 5.000 1/3/2020 EUR 64.780
Vontobel Financial Produ 8.000 9/27/2019 EUR 65.890
Landesbank Hessen-Thueri 4.750 3/3/2020 EUR 68.400
Commerzbank AG 4.500 10/25/2019 EUR 73.150
Commerzbank AG 8.500 10/25/2019 EUR 64.050
Commerzbank AG 10.250 10/25/2019 EUR 63.050
Commerzbank AG 11.250 10/25/2019 EUR 61.580
Commerzbank AG 11.000 10/25/2019 EUR 54.050
Commerzbank AG 13.000 10/25/2019 EUR 51.900
Commerzbank AG 3.500 10/25/2019 EUR 47.400
Commerzbank AG 5.500 10/25/2019 EUR 42.490
Commerzbank AG 7.500 10/25/2019 EUR 39.050
Commerzbank AG 13.500 10/25/2019 EUR 33.120
Commerzbank AG 15.500 10/25/2019 EUR 31.930
Commerzbank AG 12.250 10/25/2019 EUR 71.340
Commerzbank AG 10.000 10/25/2019 EUR 69.740
Commerzbank AG 9.500 10/25/2019 EUR 73.440
Commerzbank AG 8.250 10/25/2019 EUR 65.550
Commerzbank AG 9.500 10/25/2019 EUR 72.410
Commerzbank AG 8.000 10/25/2019 EUR 73.190
Commerzbank AG 8.000 10/25/2019 EUR 53.130
Commerzbank AG 3.250 10/25/2019 EUR 52.710
Commerzbank AG 5.250 10/25/2019 EUR 48.100
Commerzbank AG 11.250 10/25/2019 EUR 41.080
Commerzbank AG 16.250 10/25/2019 EUR 66.630
BNP Paribas Emissions- u 6.000 9/26/2019 EUR 69.820
Commerzbank AG 5.500 10/25/2019 EUR 61.780
Commerzbank AG 7.500 10/25/2019 EUR 58.170
Commerzbank AG 11.500 10/25/2019 EUR 53.060
Commerzbank AG 9.750 10/25/2019 EUR 63.090
BNP Paribas Emissions- u 6.000 9/26/2019 EUR 59.500
BNP Paribas Emissions- u 4.000 12/30/2019 EUR 60.150
Commerzbank AG 3.500 10/25/2019 EUR 73.950
Commerzbank AG 9.500 10/25/2019 EUR 61.750
Commerzbank AG 9.000 10/25/2019 EUR 65.690
Commerzbank AG 11.000 10/25/2019 EUR 62.190
Commerzbank AG 10.000 10/25/2019 EUR 70.760
Commerzbank AG 6.500 9/27/2019 EUR 71.180
Commerzbank AG 13.250 9/27/2019 EUR 68.150
Commerzbank AG 6.000 9/27/2019 EUR 44.110
Commerzbank AG 10.000 9/27/2019 EUR 38.020
Commerzbank AG 3.250 10/25/2019 EUR 52.590
Commerzbank AG 12.750 9/27/2019 EUR 62.150
Commerzbank AG 8.000 9/27/2019 EUR 46.100
Commerzbank AG 12.000 9/27/2019 EUR 42.040
Commerzbank AG 8.500 9/27/2019 EUR 64.120
Vontobel Financial Produ 14.500 9/27/2019 EUR 49.090
Vontobel Financial Produ 5.500 1/3/2020 EUR 64.210
HSBC Trinkaus & Burkhard 7.100 1/24/2020 EUR 68.020
Commerzbank AG 20.500 10/25/2019 EUR 69.550
Commerzbank AG 11.750 10/25/2019 EUR 61.950
Commerzbank AG 8.250 9/27/2019 EUR 66.960
Commerzbank AG 5.000 9/27/2019 EUR 79.430
Commerzbank AG 8.500 10/25/2019 EUR 71.950
Commerzbank AG 12.500 10/25/2019 EUR 66.090
Commerzbank AG 13.250 10/25/2019 EUR 36.390
DZ Bank AG Deutsche Zent 10.500 12/27/2019 EUR 65.120
DZ Bank AG Deutsche Zent 6.250 12/27/2019 EUR 66.920
DZ Bank AG Deutsche Zent 5.250 11/20/2019 EUR 71.610
DZ Bank AG Deutsche Zent 5.000 11/20/2019 EUR 48.740
DZ Bank AG Deutsche Zent 4.250 12/27/2019 EUR 62.470
DZ Bank AG Deutsche Zent 5.250 11/20/2019 EUR 66.760
Commerzbank AG 8.500 9/27/2019 EUR 64.120
Commerzbank AG 10.000 10/25/2019 EUR 62.020
Commerzbank AG 12.000 10/25/2019 EUR 59.410
Commerzbank AG 14.000 10/25/2019 EUR 58.100
Commerzbank AG 12.000 10/25/2019 EUR 46.610
Commerzbank AG 13.000 9/27/2019 EUR 65.520
Commerzbank AG 8.500 10/25/2019 EUR 72.960
Commerzbank AG 9.500 9/27/2019 EUR 74.740
Vontobel Financial Produ 4.850 9/13/2019 EUR 72.530
Vontobel Financial Produ 9.150 9/13/2019 EUR 66.780
BNP Paribas Emissions- u 14.000 9/26/2019 EUR 58.820
BNP Paribas Emissions- u 16.000 12/30/2019 EUR 58.160
Commerzbank AG 14.500 9/27/2019 EUR 57.200
Commerzbank AG 8.000 10/25/2019 EUR 67.800
Commerzbank AG 10.000 10/25/2019 EUR 63.870
BNP Paribas Emissions- u 5.000 12/30/2019 EUR 65.350
Leonteq Securities AG 10.000 11/13/2019 CHF 62.520
Vontobel Financial Produ 3.750 9/13/2019 EUR 70.120
Vontobel Financial Produ 10.250 9/13/2019 EUR 54.850
Vontobel Financial Produ 11.250 9/13/2019 EUR 57.820
Vontobel Financial Produ 2.850 9/13/2019 EUR 62.980
Vontobel Financial Produ 5.950 9/13/2019 EUR 56.490
Vontobel Financial Produ 2.450 9/13/2019 EUR 55.630
Vontobel Financial Produ 6.600 9/13/2019 EUR 48.860
Vontobel Financial Produ 14.900 9/13/2019 EUR 41.550
Vontobel Financial Produ 9.050 9/13/2019 EUR 68.070
Vontobel Financial Produ 5.100 9/13/2019 EUR 70.300
Vontobel Financial Produ 13.750 9/13/2019 EUR 74.400
Vontobel Financial Produ 2.750 9/13/2019 EUR 73.360
Vontobel Financial Produ 7.300 9/13/2019 EUR 63.080
Vontobel Financial Produ 10.250 9/13/2019 EUR 59.020
Vontobel Financial Produ 8.550 9/13/2019 EUR 67.540
Vontobel Financial Produ 11.950 9/13/2019 EUR 61.050
Vontobel Financial Produ 3.950 9/13/2019 EUR 73.480
Vontobel Financial Produ 8.300 9/13/2019 EUR 63.180
Vontobel Financial Produ 6.400 9/13/2019 EUR 73.660
Vontobel Financial Produ 6.700 9/13/2019 EUR 47.150
Vontobel Financial Produ 4.600 9/13/2019 EUR 60.940
EFG International Financ 6.000 8/13/2021 CHF 71.990
Corner Banca SA 11.800 11/13/2019 CHF 55.120
Leonteq Securities AG/Gu 7.000 8/17/2020 CHF 70.940
Bank Julius Baer & Co Lt 14.400 7/27/2020 USD 76.150
Vontobel Financial Produ 7.550 12/31/2019 EUR 73.910
HSBC Trinkaus & Burkhard 7.000 10/25/2019 EUR 42.120
DZ Bank AG Deutsche Zent 5.250 9/23/2019 EUR 65.700
HSBC Trinkaus & Burkhard 5.400 12/27/2019 EUR 71.490
Commerzbank AG 9.750 10/25/2019 EUR 64.670
Commerzbank AG 8.750 10/25/2019 EUR 58.320
Commerzbank AG 10.750 10/25/2019 EUR 55.270
Commerzbank AG 10.250 9/27/2019 EUR 63.660
Commerzbank AG 10.500 10/25/2019 EUR 68.790
Commerzbank AG 6.250 9/27/2019 EUR 51.420
Commerzbank AG 15.750 9/27/2019 EUR 34.060
Commerzbank AG 5.250 10/25/2019 EUR 48.040
Commerzbank AG 9.250 10/25/2019 EUR 40.600
DZ Bank AG Deutsche Zent 5.000 11/20/2019 EUR 71.750
DZ Bank AG Deutsche Zent 5.250 11/20/2019 EUR 73.330
DZ Bank AG Deutsche Zent 8.000 11/20/2019 EUR 37.290
DZ Bank AG Deutsche Zent 10.250 11/20/2019 EUR 68.710
Vontobel Financial Produ 6.000 9/27/2019 EUR 67.010
Vontobel Financial Produ 12.000 9/27/2019 EUR 58.280
Vontobel Financial Produ 8.000 9/27/2019 EUR 63.160
Commerzbank AG 12.500 9/27/2019 EUR 58.610
Commerzbank AG 6.000 10/25/2019 EUR 69.080
Commerzbank AG 8.000 10/25/2019 EUR 65.180
Landesbank Baden-Wuertte 6.000 10/23/2020 EUR 69.200
Landesbank Baden-Wuertte 3.000 10/23/2020 EUR 72.730
Landesbank Baden-Wuertte 5.000 10/23/2020 EUR 66.400
Vontobel Financial Produ 9.900 9/13/2019 EUR 64.710
Vontobel Financial Produ 14.850 9/13/2019 EUR 62.310
Commerzbank AG 12.000 10/25/2019 EUR 60.700
Landesbank Baden-Wuertte 5.000 3/27/2020 EUR 66.530
Landesbank Baden-Wuertte 4.750 3/27/2020 EUR 59.350
Vontobel Financial Produ 10.000 1/3/2020 EUR 60.440
Vontobel Financial Produ 15.500 1/3/2020 EUR 59.700
Raiffeisen Centrobank AG 5.333 3/5/2020 EUR 60.810
UBS AG/London 3.000 9/26/2019 EUR 71.640
UBS AG/London 7.400 9/26/2019 EUR 66.630
Leonteq Securities AG/Gu 10.000 11/20/2019 EUR 64.500
UBS AG/London 6.500 8/10/2020 CHF 66.400
Zurcher Kantonalbank Fin 6.250 2/13/2020 EUR 64.960
Landesbank Baden-Wuertte 2.750 11/26/2021 EUR 72.210
EFG International Financ 9.200 8/27/2020 USD 72.710
EFG International Financ 7.100 8/14/2020 EUR 68.070
Vontobel Financial Produ 9.000 3/27/2020 EUR 74.020
Vontobel Financial Produ 7.000 3/27/2020 EUR 63.100
DZ Bank AG Deutsche Zent 15.500 9/25/2019 EUR 40.760
Deutsche Bank AG 8.200 12/24/2019 EUR 64.700
Commerzbank AG 5.750 9/27/2019 EUR 39.360
Vontobel Financial Produ 9.500 12/31/2019 EUR 74.580
Vontobel Financial Produ 13.500 1/3/2020 EUR 35.580
Vontobel Financial Produ 10.500 9/27/2019 EUR 57.720
Vontobel Financial Produ 8.500 9/27/2019 EUR 60.550
Vontobel Financial Produ 6.500 1/3/2020 EUR 62.030
Vontobel Financial Produ 7.000 9/27/2019 EUR 57.860
Vontobel Financial Produ 9.500 9/27/2019 EUR 70.840
Vontobel Financial Produ 14.000 9/27/2019 EUR 67.720
Commerzbank AG 6.500 10/25/2019 EUR 67.740
Commerzbank AG 9.750 9/27/2019 EUR 68.080
Commerzbank AG 11.750 9/27/2019 EUR 64.840
Commerzbank AG 13.750 9/27/2019 EUR 62.160
Commerzbank AG 6.250 10/25/2019 EUR 71.390
Commerzbank AG 7.250 10/25/2019 EUR 68.850
Commerzbank AG 8.250 10/25/2019 EUR 66.680
Commerzbank AG 9.250 10/25/2019 EUR 64.720
Commerzbank AG 12.250 10/25/2019 EUR 60.230
Commerzbank AG 13.250 10/25/2019 EUR 58.960
Commerzbank AG 5.000 10/25/2019 EUR 66.080
Commerzbank AG 7.000 10/25/2019 EUR 60.750
Commerzbank AG 9.000 10/25/2019 EUR 56.990
Commerzbank AG 10.000 10/25/2019 EUR 64.600
Commerzbank AG 12.000 10/25/2019 EUR 61.930
Commerzbank AG 9.500 10/25/2019 EUR 36.550
Commerzbank AG 11.500 10/25/2019 EUR 34.630
Commerzbank AG 12.000 10/25/2019 EUR 67.050
Commerzbank AG 11.500 10/25/2019 EUR 70.380
Commerzbank AG 13.250 9/27/2019 EUR 71.150
Commerzbank AG 15.250 9/27/2019 EUR 68.100
Commerzbank AG 17.250 9/27/2019 EUR 65.420
Commerzbank AG 9.000 10/25/2019 EUR 69.720
Commerzbank AG 11.000 10/25/2019 EUR 66.190
Commerzbank AG 13.000 10/25/2019 EUR 63.320
Commerzbank AG 4.750 10/25/2019 EUR 65.200
Commerzbank AG 6.750 10/25/2019 EUR 60.220
Commerzbank AG 8.750 10/25/2019 EUR 56.680
Commerzbank AG 10.750 10/25/2019 EUR 53.860
Commerzbank AG 10.250 10/25/2019 EUR 62.940
Commerzbank AG 5.000 10/25/2019 EUR 66.870
Commerzbank AG 7.000 10/25/2019 EUR 62.050
Commerzbank AG 9.000 10/25/2019 EUR 58.730
Commerzbank AG 11.000 10/25/2019 EUR 56.220
Commerzbank AG 4.000 10/25/2019 EUR 73.720
Commerzbank AG 8.000 10/25/2019 EUR 65.840
Commerzbank AG 12.000 10/25/2019 EUR 60.840
Commerzbank AG 14.250 10/25/2019 EUR 68.960
Commerzbank AG 4.250 10/25/2019 EUR 73.300
BNP Paribas Emissions- u 4.000 12/30/2019 EUR 68.800
Commerzbank AG 10.000 10/25/2019 EUR 69.770
Commerzbank AG 10.500 10/25/2019 EUR 61.610
Commerzbank AG 9.250 10/25/2019 EUR 42.870
Commerzbank AG 3.500 10/25/2019 EUR 67.010
Commerzbank AG 9.500 10/25/2019 EUR 55.360
Commerzbank AG 7.750 10/25/2019 EUR 66.150
Commerzbank AG 11.750 10/25/2019 EUR 60.630
Commerzbank AG 5.500 10/25/2019 EUR 68.570
Commerzbank AG 7.500 10/25/2019 EUR 64.720
Commerzbank AG 11.500 10/25/2019 EUR 59.360
Commerzbank AG 7.000 10/25/2019 EUR 70.360
Commerzbank AG 12.000 10/25/2019 EUR 48.150
Landesbank Hessen-Thueri 3.250 7/13/2020 EUR 70.300
Landesbank Hessen-Thueri 4.100 7/13/2020 EUR 59.600
Landesbank Hessen-Thueri 2.250 7/13/2020 EUR 34.500
DekaBank Deutsche Giroze 3.000 12/20/2019 EUR 69.810
Credit Suisse AG/Nassau 7.250 11/15/2019 CHF 60.860
HSBC Trinkaus & Burkhard 4.430 12/30/2019 EUR 70.540
UBS AG/London 6.000 4/16/2020 CHF 69.000
Landesbank Baden-Wuertte 3.500 6/26/2020 EUR 70.040
Vontobel Financial Produ 8.000 1/3/2020 EUR 62.980
Vontobel Financial Produ 19.000 9/27/2019 EUR 64.630
Vontobel Financial Produ 5.000 1/3/2020 EUR 69.290
Vontobel Financial Produ 11.000 1/3/2020 EUR 74.570
UBS AG/London 4.200 9/26/2019 EUR 59.650
UBS AG/London 6.600 9/26/2019 EUR 65.880
UBS AG/London 12.900 9/26/2019 EUR 48.650
UBS AG/London 3.800 3/26/2020 EUR 68.870
UBS AG/London 5.100 9/26/2019 EUR 71.650
Commerzbank AG 10.000 10/25/2019 EUR 48.700
Commerzbank AG 6.500 9/27/2019 EUR 73.660
Commerzbank AG 7.500 9/27/2019 EUR 78.610
Commerzbank AG 13.500 9/27/2019 EUR 68.790
Vontobel Financial Produ 12.850 9/13/2019 EUR 61.450
Vontobel Financial Produ 9.000 9/13/2019 EUR 69.330
Vontobel Financial Produ 11.850 9/13/2019 EUR 65.610
Landesbank Baden-Wuertte 3.000 10/23/2020 EUR 66.390
Raiffeisen Schweiz Genos 8.700 11/13/2019 USD 67.070
Vontobel Financial Produ 6.650 9/13/2019 EUR 61.500
Vontobel Financial Produ 7.900 9/13/2019 EUR 63.410
Vontobel Financial Produ 15.000 9/13/2019 EUR 53.200
Vontobel Financial Produ 4.300 9/13/2019 EUR 59.550
Vontobel Financial Produ 7.900 9/13/2019 EUR 53.760
Vontobel Financial Produ 10.050 9/13/2019 EUR 51.310
Vontobel Financial Produ 4.350 9/13/2019 EUR 52.010
Vontobel Financial Produ 9.200 9/13/2019 EUR 46.110
Vontobel Financial Produ 12.000 9/13/2019 EUR 43.690
Vontobel Financial Produ 13.000 9/13/2019 EUR 63.030
Vontobel Financial Produ 17.250 9/13/2019 EUR 58.750
Vontobel Financial Produ 4.750 9/13/2019 EUR 67.800
Vontobel Financial Produ 6.600 9/13/2019 EUR 69.080
Vontobel Financial Produ 5.250 9/13/2019 EUR 69.670
Vontobel Financial Produ 6.700 9/13/2019 EUR 66.260
Vontobel Financial Produ 10.100 9/13/2019 EUR 60.400
Vontobel Financial Produ 10.200 9/13/2019 EUR 68.180
Vontobel Financial Produ 1.950 9/13/2019 EUR 57.370
Vontobel Financial Produ 4.000 9/13/2019 EUR 51.720
Vontobel Financial Produ 11.600 9/13/2019 EUR 41.730
Vontobel Financial Produ 8.500 9/27/2019 EUR 58.470
Vontobel Financial Produ 10.000 9/27/2019 EUR 58.590
Vontobel Financial Produ 9.500 9/27/2019 EUR 57.980
Vontobel Financial Produ 15.500 1/3/2020 EUR 68.220
Vontobel Financial Produ 12.000 1/3/2020 EUR 58.260
Vontobel Financial Produ 11.500 9/27/2019 EUR 74.170
Bayerische Landesbank 3.100 7/31/2020 EUR 66.730
Leonteq Securities AG/Gu 10.000 2/7/2020 CHF 65.340
DZ Bank AG Deutsche Zent 10.000 9/25/2019 EUR 53.530
DZ Bank AG Deutsche Zent 11.000 9/25/2019 EUR 61.150
DZ Bank AG Deutsche Zent 10.000 9/25/2019 EUR 59.160
DZ Bank AG Deutsche Zent 8.000 9/25/2019 EUR 53.740
Credit Suisse AG/Nassau 7.000 11/15/2019 EUR 67.260
Credit Suisse AG/Nassau 9.500 11/18/2019 CHF 53.510
Zurcher Kantonalbank Fin 8.750 8/14/2020 CHF 69.540
UBS AG/London 10.000 10/10/2019 USD 66.040
UBS AG/London 9.000 10/19/2020 USD 53.600
Raiffeisen Centrobank AG 6.092 9/24/2019 EUR 70.600
Raiffeisen Centrobank AG 3.921 3/24/2020 EUR 66.750
Vontobel Financial Produ 13.000 9/27/2019 EUR 73.080
Vontobel Financial Produ 15.000 1/3/2020 EUR 69.960
Vontobel Financial Produ 5.500 1/3/2020 EUR 67.490
Vontobel Financial Produ 7.000 1/3/2020 EUR 64.340
Vontobel Financial Produ 9.000 1/3/2020 EUR 61.690
Vontobel Financial Produ 11.000 1/3/2020 EUR 59.330
Vontobel Financial Produ 8.000 9/27/2019 EUR 70.470
Luzerner Kantonalbank AG 8.250 5/15/2020 CHF 71.990
Commerzbank AG 10.750 10/25/2019 EUR 71.660
Commerzbank AG 12.750 10/25/2019 EUR 68.590
Commerzbank AG 12.000 9/27/2019 EUR 72.590
Commerzbank AG 14.000 9/27/2019 EUR 69.830
Commerzbank AG 11.250 9/27/2019 EUR 70.190
Commerzbank AG 10.500 10/25/2019 EUR 71.380
Commerzbank AG 12.500 10/25/2019 EUR 68.460
DekaBank Deutsche Giroze 3.450 7/31/2020 EUR 58.140
BNP Paribas Emissions- u 7.000 9/26/2019 EUR 71.850
BNP Paribas Emissions- u 9.000 9/26/2019 EUR 72.020
UniCredit Bank AG 4.350 10/26/2021 EUR 39.330
Vontobel Financial Produ 14.000 9/27/2019 EUR 72.400
Vontobel Financial Produ 10.000 1/3/2020 EUR 72.030
Vontobel Financial Produ 13.000 9/27/2019 EUR 55.220
Vontobel Financial Produ 10.000 1/3/2020 EUR 57.580
Vontobel Financial Produ 9.000 9/27/2019 EUR 55.010
Vontobel Financial Produ 10.500 9/27/2019 EUR 71.730
Vontobel Financial Produ 5.750 11/27/2020 EUR 65.130
Raiffeisen Switzerland B 5.000 8/14/2020 EUR 36.950
Landesbank Hessen-Thueri 4.500 9/8/2021 EUR 66.160
Commerzbank AG 16.000 9/27/2019 EUR 65.140
Commerzbank AG 10.000 9/27/2019 EUR 57.640
Commerzbank AG 9.250 11/22/2019 EUR 60.090
Commerzbank AG 15.250 11/22/2019 EUR 52.320
Commerzbank AG 12.750 9/27/2019 EUR 54.250
Commerzbank AG 5.250 11/22/2019 EUR 69.540
Landesbank Baden-Wuertte 4.820 11/22/2019 EUR 62.680
HSBC Trinkaus & Burkhard 7.000 2/28/2020 EUR 70.630
HSBC Trinkaus & Burkhard 11.400 12/27/2019 EUR 41.080
HSBC Trinkaus & Burkhard 7.300 12/27/2019 EUR 44.780
HSBC Trinkaus & Burkhard 9.100 3/27/2020 EUR 67.510
HSBC Trinkaus & Burkhard 10.700 9/27/2019 EUR 68.870
HSBC Trinkaus & Burkhard 9.400 12/27/2019 EUR 71.000
HSBC Trinkaus & Burkhard 8.400 3/27/2020 EUR 72.570
HSBC Trinkaus & Burkhard 10.300 3/27/2020 EUR 43.010
HSBC Trinkaus & Burkhard 6.900 3/27/2020 EUR 46.040
HSBC Trinkaus & Burkhard 3.900 12/27/2019 EUR 61.790
HSBC Trinkaus & Burkhard 12.400 12/27/2019 EUR 69.140
HSBC Trinkaus & Burkhard 10.100 12/27/2019 EUR 72.220
HSBC Trinkaus & Burkhard 6.500 11/22/2019 EUR 71.470
HSBC Trinkaus & Burkhard 13.300 9/27/2019 EUR 70.640
HSBC Trinkaus & Burkhard 7.300 12/27/2019 EUR 55.420
DZ Bank AG Deutsche Zent 5.000 12/27/2019 EUR 66.690
Commerzbank AG 11.500 9/27/2019 EUR 42.430
Commerzbank AG 17.500 9/27/2019 EUR 37.440
DZ Bank AG Deutsche Zent 6.750 12/27/2019 EUR 67.300
DZ Bank AG Deutsche Zent 5.250 12/27/2019 EUR 58.020
Commerzbank AG 10.250 10/25/2019 EUR 69.790
Commerzbank AG 12.250 10/25/2019 EUR 66.610
Commerzbank AG 9.000 10/25/2019 EUR 57.790
DZ Bank AG Deutsche Zent 5.250 12/27/2019 EUR 69.270
HSBC Trinkaus & Burkhard 4.100 12/27/2019 EUR 61.850
Commerzbank AG 9.500 9/27/2019 EUR 44.920
DZ Bank AG Deutsche Zent 5.500 12/27/2019 EUR 68.870
Commerzbank AG 9.500 9/27/2019 EUR 70.900
Commerzbank AG 9.250 10/25/2019 EUR 71.640
Commerzbank AG 11.250 10/25/2019 EUR 68.110
Commerzbank AG 14.250 10/25/2019 EUR 64.000
Vontobel Financial Produ 7.000 8/28/2019 EUR 49.530
Landesbank Hessen-Thueri 4.000 3/8/2021 EUR 53.800
EFG International Financ 6.000 8/24/2020 CHF 65.620
Commerzbank AG 15.000 9/27/2019 EUR 49.720
Commerzbank AG 12.000 9/27/2019 EUR 55.120
HSBC Trinkaus & Burkhard 5.900 11/22/2019 EUR 72.080
HSBC Trinkaus & Burkhard 4.700 12/27/2019 EUR 69.400
HSBC Trinkaus & Burkhard 8.100 9/27/2019 EUR 43.570
HSBC Trinkaus & Burkhard 5.300 9/27/2019 EUR 47.600
HSBC Trinkaus & Burkhard 9.800 3/27/2020 EUR 66.490
HSBC Trinkaus & Burkhard 5.900 6/26/2020 EUR 72.250
HSBC Trinkaus & Burkhard 6.300 10/25/2019 EUR 71.880
HSBC Trinkaus & Burkhard 10.400 11/22/2019 EUR 41.520
HSBC Trinkaus & Burkhard 6.900 6/26/2020 EUR 73.600
HSBC Trinkaus & Burkhard 6.600 12/27/2019 EUR 56.470
HSBC Trinkaus & Burkhard 9.500 3/27/2020 EUR 66.470
HSBC Trinkaus & Burkhard 11.700 12/27/2019 EUR 73.340
DZ Bank AG Deutsche Zent 11.250 12/27/2019 EUR 72.070
Commerzbank AG 13.250 10/25/2019 EUR 65.280
Commerzbank AG 13.750 9/27/2019 EUR 51.820
Commerzbank AG 5.000 10/25/2019 EUR 65.910
HSBC Trinkaus & Burkhard 11.000 3/27/2020 EUR 71.140
HSBC Trinkaus & Burkhard 9.600 3/27/2020 EUR 73.610
HSBC Trinkaus & Burkhard 7.700 3/27/2020 EUR 69.270
HSBC Trinkaus & Burkhard 6.100 3/27/2020 EUR 72.620
HSBC Trinkaus & Burkhard 6.200 2/28/2020 EUR 72.400
HSBC Trinkaus & Burkhard 2.000 12/27/2019 EUR 70.850
Commerzbank AG 15.500 9/27/2019 EUR 38.790
Commerzbank AG 16.750 10/25/2019 EUR 38.560
Commerzbank AG 9.000 10/25/2019 EUR 71.710
Commerzbank AG 7.000 10/25/2019 EUR 61.220
Commerzbank AG 11.000 10/25/2019 EUR 55.150
Landesbank Hessen-Thueri 3.500 9/8/2022 EUR 55.870
UBS AG/London 7.000 5/21/2020 EUR 65.700
Bank Julius Baer & Co Lt 15.300 3/23/2020 USD 56.900
DekaBank Deutsche Giroze 3.100 12/21/2020 EUR 74.710
Raiffeisen Centrobank AG 12.438 12/23/2020 EUR 76.290
Commerzbank AG 17.250 9/27/2019 EUR 72.220
Commerzbank AG 11.250 9/27/2019 EUR 71.900
Commerzbank AG 12.750 9/27/2019 EUR 72.570
Vontobel Financial Produ 10.000 3/27/2020 EUR 70.590
DZ Bank AG Deutsche Zent 7.000 3/25/2020 EUR 72.080
DZ Bank AG Deutsche Zent 10.000 3/25/2020 EUR 58.520
Vontobel Financial Produ 14.000 9/27/2019 EUR 63.660
Vontobel Financial Produ 13.000 1/3/2020 EUR 64.730
DZ Bank AG Deutsche Zent 10.250 12/27/2019 EUR 69.130
DZ Bank AG Deutsche Zent 8.250 3/25/2020 EUR 72.330
Commerzbank AG 7.250 11/22/2019 EUR 67.230
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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 2019. All rights reserved. ISSN 1529-2754.
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