/raid1/www/Hosts/bankrupt/TCREUR_Public/220411.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, April 11, 2022, Vol. 23, No. 66
Headlines
B E L G I U M
LSF9 BALTA: Moody's Affirms 'B3' CFR, Outlook Remains Stable
F R A N C E
BISCUIT HOLDING: Moody's Withdraws Caa2 Rating on Second Lien Debt
TSG SOLUTIONS: S&P Assigns 'B' Long-Term ICR, Outlook Stable
G E R M A N Y
CTEC I: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable
SYNLAB AG: Moody's Affirms 'Ba3' CFR & Alters Outlook to Positive
I R E L A N D
AURIUM CLO IX: Moody's Assigns B3 Rating to EUR13MM Class F Notes
N E T H E R L A N D S
BOELS TOPHOLDING: Fitch Affirms 'BB-' LT IDR, Outlook Stable
R U S S I A
[*] RUSSIA: Senate Votes in Favor of Removing PRNR Status
S P A I N
AZUL MASTER: Fitch Affirms BB+ Rating on Class C 2020-1 Tranche
BROOKFIELD SLATE III: Moody's Assigns 'B2' CFR, Outlook Stable
U N I T E D K I N G D O M
BROOKFIELD SLATE: S&P Puts Preliminary 'B' Ratings, Outlook Stable
CORBIN & KING: King Refused Minor's Offer to Recapitalize Firm
DEBENHAMS: Sacked Workers to Get GBP350,000 After Court Ruling
DOWSON 2022-1: S&P Assigns B- (sf) Rating to Class F Notes
DOWSON PLC 2022-1: Moody's Assigns B3 Rating to GBP11.5MM F Notes
EQUITY RELEASE 5: Fitch Affirms BB+ Rating on Class C Notes
GIBSON DIRECT: COVID-19 Lockdowns Prompt Administration
HALLETT RETAIL: Placed Into Voluntary Liquidation, Ceases Trading
KINGSMAN PROPERTY: Director Faces 11-Year Ban After Liquidation
MIDAS GROUP: GBP60MM+ Debts Unlikely to Be Paid, New Figures Show
OWL FINANCE: Moody's Puts 'Ca' CFR Under Review for Upgrade
OWL FINANCE: S&P Cuts ICR to 'SD', Then Withdraws Rating
SANDWELL COMMERCIAL NO. 2: S&P Cuts Cl. C Notes Rating to 'CC(sf)'
X X X X X X X X
[*] BOND PRICING: For the Week April 4 to April 8, 2022
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B E L G I U M
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LSF9 BALTA: Moody's Affirms 'B3' CFR, Outlook Remains Stable
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Moody's Investors Service has affirmed the B3 long-term corporate
family rating of LSF9 Balta Issuer S.a r.l. (Balta) and B3-PD
probability of default rating. Concurrently, Moody's has affirmed
the Caa1 rating of the remaining EUR130 million guaranteed senior
secured notes due 2024 following partial repayment of the notes
from proceeds of its Rugs, Residential polypropylene and Non-Woven
business. The outlook on all ratings remains stable.
RATINGS RATIONALE
On April 4, 2022, Balta completed the disposal of the Rugs,
Residential polypropylene and Non-Woven businesses, together with
the Balta brand to Victoria plc (B1, stable). The proceeds from the
disposal have been used to partly repay the existing guaranteed
senior secured notes due 2024, which are now equivalent to EUR130
million. Concurrently, Balta has also repaid the EUR53 million of
drawn RCF, including around EUR8 million drawing at Bentley Mills.
Following the disposal, Moody's adjusted gross debt will reduce by
around EUR195 million, resulting in a Moody's adjusted gross
leverage pro-forma the transaction of 4.8x based on 2021 results
compared to 4.6x in 2021 including the disposed business and 6.9x
in 2020.
The rating affirmation reflects Balta's improved capital structure
balanced by its smaller scale and more narrow scope of operations
following the disposal, with Moody's adjusted EBITDA of around
EUR43 million in 2021, which will increase earnings' susceptibility
to weaker economic conditions. Moody's expects adjusted gross
leverage to be between 5.0x-5.7x over the next 12-18 months. The
increase in leverage reflects Moody's assumption that Balta's
profitability will be under pressure in 2022, reflecting the
increase in raw material and energy costs and the normalization of
margins in the residential PA business.
Moody's also expects Balta will improve its Free Cash Flow (FCF)
generation following the transaction because of the lower working
capital investment required in the commercial business, lower
interest payment and higher underlying profitability. The rating
agency, however, expects FCF (including lease payment) will be
negative in 2022 reflecting the inflationary cost environment and
increase in capex. FCF is expected to be positive from 2023.
The rating is further supported by solid profitability in the
commercial business, which reported EBITDA margins of around 16.4%
in 2021; the good level of liquidity; high share of renovation
activities, which tends to be less cyclical compared to new
construction; long-standing relationships with its key customers;
and solid manufacturing and distribution footprint, enabling
customer proximity and limiting transportation costs.
At the same time, the rating is constrained by Balta's relatively
small scale with limited product and end-market diversification;
high earnings concentration in the commercial business, where
revenues in 2021 were around 20% lower than 2019 levels, and the
rating agency's expectations that demand in this segment will not
recover to pre-pandemic levels before 2024; the competitive market
environment; the risk that margins will be under pressure over the
next 12-18 months due to the inflationary cost environment; and the
high level of uncertainty following the start of the Russia-Ukraine
conflict, which could weaken demand for flooring products if GDP
growth and consumer sentiment deteriorates materially.
LIQUIDITY PROFILE
Balta's liquidity profile is good, supported by around EUR30
million of cash on balance sheet expected at closing and EUR45
million fully undrawn RCF. Moody's believes that these sources of
liquidity will cover basic cash needs including maintenance capex
of around EUR11-13 million, interest payment of around EUR10
million and EUR6 million operating lease payment. The company does
not have sizable short term maturities. The notes and RCF are due
in 2024. Moody's expects Balta to be compliant with the covenant.
ESG CONSIDERATIONS
Balta is listed on the Euronext Brussels with around 50% of the
shares owned by funds controlled by Lone Star. The board of
directors consists of 8 members, of which 3 are independent. The
dividend pay-out policy is between 30% and 40% of net income
subject to the availability of distributable reserves and the
absence of any material external growth opportunities. There has
been no material dividend payments made since the listing in 2017.
STRUCTURAL CONSIDERATIONS
Balta's debt capital structure following the transaction will
mainly consist of the new EUR130 million senior secured notes due
in December 2024 and a EUR45 million super senior secured RCF due
in June 2024, which benefits from the same guarantor and collateral
package as the notes. The B3-PD is at the same level as the CFR,
reflecting the use of a 50% recovery rate as is typical for
transactions including both bonds and bank debt. The senior secured
notes are rated one-notch below the CFR at Caa1 given the
contractual subordination to the RCFs (not rated).
RATING OUTLOOK
The stable outlook reflects Moody's expectation leverage will be
between 5.0x-5.7x over the next 12-18 months on the back of
double-digit revenue growth mainly supported by price increases,
and EBITDA margins between 12%-13% reflecting the inflationary cost
environment and margin normalization in the residential PA
business. Balta's rating is strongly positioned.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The ratings could be upgraded if Moody's adjusted EBIT margin
increases sustainably in the mid-single to high single digit
percentage range; reduces Moody's-adjusted debt/EBITDA below 5.0x
on a sustainable basis; and shows a track record of material
positive FCF.
The ratings could be downgraded if Moody's adjusted EBIT margin
remains sustainably below 5%; Moody's-adjusted debt/EBITDA exceeds
6.5x on a sustainable basis; and FCF remains negative for a
prolonged period or the liquidity weakens.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Manufacturing
published in September 2021.
COMPANY PROFILE
Headquartered in Sint-Baafs-Vijve, Belgium, Balta is one of the
leading manufacturers of soft-flooring products in Europe. In 2021
pro-forma the disposal of the of the Rugs, Residential
polypropylene and Non-Woven businesses, the company generated
EUR277 million of revenue and EUR43 million of EBITDA.
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F R A N C E
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BISCUIT HOLDING: Moody's Withdraws Caa2 Rating on Second Lien Debt
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Moody's Investors Service has withdrawn the Caa2 senior secured
ratings on Biscuit Holding S.A.S.'s second lien term loans.
The B2 senior secured rating of the first lien term loan B borrowed
by Biscuit Holding S.A.S. ("The company") and by De Banketgroep
Holding International BV remains unaffected. The B3 corporate
family rating and the B3-PD probability of default rating of parent
company Cookie Intermediate Holding II SAS are also unaffected by
the rating action. The outlook is stable.
RATINGS RATIONALE
Moody's has decided to withdraw the ratings for its own business
reasons.
LIST OF AFFECTED RATINGS
Withdrawals:
Issuer: Biscuit Holding S.A.S.
Senior Secured Bank Credit Facility, Withdrawn , previously rated
Caa2
COMPANY PROFILE
Cookie Intermediate Holding II SAS (B3 stable) is the parent
company of Biscuit Holding S.A.S., one of the largest European
manufacturers of private-label sweet biscuits based in France. The
company produces and distributes traditional biscuits, nutrition
biscuits, waffles and other sweet products across Europe.
TSG SOLUTIONS: S&P Assigns 'B' Long-Term ICR, Outlook Stable
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S&P Global Ratings assigned its 'B' long-term issuer credit rating
to TSG Solutions Group SAS (TSG) and its 'B' issue rating and '3'
recovery rating to the group's EUR320 million term loan B (TLB).
The stable outlook reflects S&P's expectation that TSG's leading
market position in multi-technical services for service stations in
Europe, as well as the rapidly expanding electric vehicle charging
stations (EVCS) business, will support revenue growth of 8.0%-9.0%
and S&P Global Ratings-adjusted EBITDA margins of 9.0%-9.2% in
2023, and improve adjusted debt to EBITDA (leverage) to below
5.5x.
TSG's business risk profile is supported by the group's leading
position in the niche market of multi-technical services to service
stations in Europe and its unique business model.
The group's competitive advantage stems from scale and a unique
one-stop-shop offering. TSG is the undisputable market leader in
Europe, being 3.3x times larger than its closest competitor. It
usually competes with family-owned companies with a narrower
geographical focus that specialize in only one activity. TSG boasts
a wider scope that enables it to work with multi-energy sources
(fuels and biofuels, low-carbon gas, electricity, and hydrogen) and
service a diverse range of equipment, from fuel dispensers and car
washing equipment to forecourt equipment to outdoor and indoor
payment terminals. This allows TSG to charge clients with services
initially not included in the perimeter of the original contract
and that are identified by its technicians while working at the
sites. Its scale is also a key differentiator in large tender
offers, for example for the installation of thousands of EVCS
across several countries for a single client, a service that very
few other companies can offer.
TSG's niche market is characterized by higher barriers to entry
than what S&P traditionally see for multi technical services. Of
TSG's services, 70% are provided to service stations, a potentially
dangerous environment given the presence of explosive substances,
such as fuel and gas. Operators at such sites therefore need to be
accredited from national state regulators, a costly and complex
process that markedly limits competition. As such, TSG must comply
with approximately 400 regulations. Moreover, in each European
country, there are typically only four to five operators that
benefit from the required accreditations. Given the lower
competition, the market is more concentrated than the traditional
multi-technical services arena and provides TSG with higher pricing
power, which is reflected in margins above those of other peers we
rate in the same sector. As a result, in fiscal 2021, TSG's EBITDA
margin, as adjusted by S&P Global Ratings, reached 8.9% compared
with 6.3% for Spie SA and 7.2% for Assemblin Financing AB.
TSG provides essential services, also required by regulation,
resulting in strong resilience of the revenue base over the years.
Of TSG's total sales, 75% relate to existing facilities, which need
to be maintained in operating conditions by its operator, driving
demand for TSG's services. Additionally, governments consider
service stations essential services, given their pivotal role
supplying logistics trucks with fuel so that they can continue to
accommodate society's needs. This means that COVID-19-related
impacts on the group have been limited. At its lowest point, TSG's
revenue fell about 5% from pre-pandemic levels before quickly
recovering. The group's projects business took the biggest hit
since clients' decisions to scale down capital expenditure (capex)
caused delays in the installation of cisterns in newly built
stations, for example. S&P also notes that clients need to comply
with numerous safety regulations and therefore face the obligation
to have companies such as TSG check their facilities.
TSG displays a highly cash generative model, further supported by a
flexible cost base. The group has low capex requirements of about
2%-3% of sales, which mainly consists of the technicians' and
engineers' service vans. Working capital requirements have
historically been negative since TSG is usually paid in advance for
the maintenance services. The group also benefits from favorable
payment terms with its suppliers. All in all, it drives comfortable
free operating cash flow (FOCF) of more than EUR20 million each
year. The cost base is largely flexible as 60%-75% of the cost base
is considered variable. About one-third of the cost base is
materials and two-thirds are labor costs, which also captures
subcontracting, providing additional flexibility in case of a
downturn.
S&P said, "We see the transition to low-carbon and carbon-free
energies for vehicles as a positive for TSG. Despite the increasing
proportion of electric and LNG propelled vehicles in Europe, we
expect the decline of demand related to TSG's services provided to
traditional energies (mainly gasoline and diesel) to be very slow
over coming years as there remains a fleet of about 300 million
automobiles with a thermic or hybrid engines in Europe. Moreover,
TSG is not directly exposed to the traffic at service stations or
volumes of fuels sold but rather to the number of service stations
opened. Because there has already been a significant reduction in
service stations in recent years in Europe, with main owners
rationalizing their network, we expect numbers will stay stable
over coming years. Moreover, with the higher number of electric and
gas propelled vehicles on the road, the need for charging
infrastructure is urgent, since the autonomy of EV vehicles is
likely to remain lower than that of thermic engines cars. This need
will drive very strong demand for TSG's installation of EVCS
services in coming years. We expect this market to boom at about a
28% annual growth rate until 2030.
"Our assessment of TSG's business risk profile is constrained by
its niche player positioning. With revenue of EUR662 million and
S&P Global Ratings-adjusted EBITDA of EUR59 million in fiscal 2021,
TSG is among the smallest issuers we rate in business services. It
generates 96% of its revenue in Europe, although there is some
geographic diversification across Europe, with France contributing
26% of revenue and Germany plus Benelux and 24%. Additionally, 38%
of revenue stems from the top 10 clients, even though this is
mitigated by TSG's several independent contracts with its largest
clients. In terms of end-market exposure, we note that about 70% of
revenue relate to service stations. This industry is undergoing
major changes due to the transition to a green economy and
increasingly stringent European regulation, and TSG could suffer if
any potential adverse regulation hurt demand for its services
related to traditional energies while struggling to increase its
market share in the highly competitive and fragmented EVCS
installation market. We also note the latter is a relatively recent
market and that competition for talent is high, which could result
in inflationary wage pressure in the near term.
"Our financial risk profile assessment incorporates high leverage
at the end of fiscal 2022.We expect adjusted debt of approximately
EUR385 million. In addition to EUR320 million of the TLB issuance,
we adjust for operating leases liabilities (EUR38 million), pension
obligations (EUR17 million), factoring liabilities (EUR6 million),
and earnouts (EUR2.5 million). We do not net EUR71 million of cash
available at the close of the transaction from our debt
calculations given the financial sponsor ownership. As a result, we
forecast adjusted debt to EBITDA at about 5.8x-6.3x by end-2021,
decreasing to below 5.5x by the end of fiscal 2023 driven by the
EBITDA increase. Also supporting the rating is the funds from
operations (FFO) cash interest coverage which remains resilient and
strong, in our view, exceeding 3.0x in fiscal 2022 and 4.0x in
fiscal 2023. Given the low capital intensity of the business with
capex of about 2%-3% of sales and tight working capital management
with low single-digit outflows, we forecast FOCF will comfortably
remain positive in fiscals 2022 and 2023, at EUR23 million-EUR28
million, which further supports the group's credit quality.
"The ratings are constrained by TSG's financial-sponsor ownership.
We assess HLD as a financial sponsor, meaning that it typically
tolerates high leverage and implements aggressive shareholder
returns policies, even though we note management owns a significant
44.14% of economic and voting rights. We nevertheless consider as
positive that the sponsor does not intend to take any dividends in
the short term and will likely remain invested in the business for
a longer period than the typical five-year lifecycle for private
equity. We also understand from our conversations with the
financial sponsor that any major merger or acquisition is unlikely
in the coming years. If a deal were to occur, funding would likely
come from equity contributions and internally generated cash flow,
which we would view as credit positive.
"The ratings are in line with the preliminary ratings we assigned
on Jan. 19, 2022.
"The stable outlook reflects our view that TSG's revenue will
increase 8%-9% in 2023 driven by a favorable macroeconomic
environment, positive industry fundamentals with a high project
activity following COVID-19-related delays. Furthermore, S&P Global
Ratings-adjusted EBITDA margins will expand slightly past 9%,
support by a better absorption of fixed costs and efficiency gains.
We expect this solid operational performance will underpin an
improvement in adjusted debt to EBITDA to below 5.5x in 2023, while
sustaining FOCF comfortably above EUR25 million and FFO cash
interest coverage above 4x.
"We could take a negative rating action if the group faces a
significant revenue and EBITDA contraction due to unexpected
adverse operating developments. In this scenario, credit metric
deterioration would include FOCF turning negative, with no
prospects for returning into positive territory. This could, for
example, stem from an accelerated decline of fossil fuel
consumption in Europe coupled with service stations closure, which
would not be fully compensated by a slower-than-expected ramp-up of
carbon-free fuels such as gas or electricity. We could also lower
the rating if FFO cash interest fell below 2.0x on a prolonged
basis."
Finally, a negative rating action could result from debt-financed
acquisitions or higher-than-expected cash returns to shareholders.
S&P said, "We could take a positive rating action if TSG's credit
metrics improved beyond our expectations, with adjusted leverage
decreasing to below 5x, along with sustainably positive FOCF. This
could result from a faster-than-expected transition to electricity
and gas as a fuel for vehicles yielding higher demand for TSG's
services. We would also need a commitment from the financial
sponsor to maintain leverage below this level."
Environmental, Social, And Governance
ESG credit indicators: E-2, S-2, G-3
S&P said, "Governance factors are a moderately negative
consideration in our credit rating analysis of TSG, as it is for
most rated entities owned by private-equity sponsors. We believe
the company's highly leveraged financial risk profile points to
corporate decision-making that prioritizes the interests of the
controlling owners." This also reflects private-equity sponsors'
generally finite holding periods and focus on maximizing
shareholder returns.
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G E R M A N Y
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CTEC I: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable
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S&P Global Ratings assigned its 'B' long-term issuer credit rating
to German industrial ceramics group CTEC I GmbH (CeramTec), which
has become the holding company for CeramTec after the closing.
S&P also assigned its 'B' issue rating and '3' recovery rating to
the EUR1,480 million equivalent seven-year first lien term loan B
and EUR250 million 6.5-year revolving credit facility (RCF) issued
by CTEC III GmbH; and its 'CCC+' issue rating and '6' recovery
rating to the EUR465 million eight-year senior unsecured notes
issued by CTEC II GmbH.
S&P said, "We withdrew the ratings on CeramTec BondCo GmbH and our
issue ratings on the senior secured facilities issued by CeramTec
AcquiCo GmbH at the issuers' request; their debt was repaid using
the proceeds from newly issued debt.
"The stable outlook reflects our view that the group will
deleverage toward 7.5x in 2022 and below 7.0x in 2023 (8.5x and
8.0x respectively including preferred equity certificates that we
view as debt-like) and maintain funds from operations (FFO) cash
interest coverage of above 2.5x consistently, delivering stable
margins and FOCF."
Funds advised by BC Partners and Canada Pension Plan Investments
(CPPI) jointly acquired German industrial ceramics group CTEC I
GmbH (CeramTec) for an enterprise value of about EUR3.8 billion. To
finance the transaction, the new owners raised about EUR1.95
billion of debt, leading to higher near-term leverage.
The buyout of CeramTec by BC Partners and CPPI for about EUR3.8
billion resulted in a refinancing of the capital structure. BC
Partners, which owned CeramTec under a different investment fund
before the transaction, along with PSP Investments and Ontario
Teachers' Pension Plan, jointly acquired CeramTec with CPPI. BC
Partners and CPPI (together with co-investors) collectively own
90.7% of ordinary shares and 98.3% of preference shares in CTEC
Global S.à.r.l. (parent company of CTEC I GmbH), which equals
97.7% of voting rights; management holds the remainder. The
transaction was financed through EUR1.95 billion debt and about
EUR1.90 billion sponsor equity, and closed in January 2022. The new
capital structure comprises:
-- A 6.5-year EUR250 million senior secured RCF;
-- A seven-year EUR1.48 billion (equivalent) senior secured term
loan B (TLB); and
-- An eight-year EUR465 million senior unsecured bond. The ratings
are in line with the preliminary ratings we assigned in January.
S&P said, "We expect CeramTec's leverage to rise slightly, but the
company's metrics should start to gradually improve throughout 2022
as profitability and cash flow increase. We expect the company's
adjusted gross debt levels to increase to about EUR2.05 billion
(excluding preferred equity certificates [PECs]) in 2022, compared
with estimated EUR1.70 billion in 2021. As a result, we expect its
S&P Global Ratings-adjusted debt to EBITDA will reach 7.5x by
end-2022 (8.5x including PECs) and fall below 7.0x in 2023 (below
8.0x including PECs). This compares with our estimated adjusted
debt to EBITDA of about 7.3x for 2021 (with the current capital
structure). FFO cash interest coverage should remain around 3.0x in
2022 and 2023. This improvement in credit metrics should mainly
stem from very good recovery prospects in both the medical and
industrial segments. We believe that revenue growth will have
reached about 16% in 2021 and reach about 8% in 2022. We estimate
the adjusted EBITDA margin to have grown to about 37% in 2021 and
increase to 38.5%-40% in 2022, driven by faster medical expansion,
which usually carries a higher margin.
"We assess CeramTec as a financial sponsor-related owned entity,
given its acquisition by BC Partner and CPPIB. The company's
capital structure includes PECs that sit further up the structure
outside the restricted group. We consider these instruments
debt-like. This is because there are limited transfer restrictions
(to third parties of the PECs) and no stapling to equity. There are
also step-ups in the yield rate, which ultimately results in
interest of more than 15%. When calculating adjusted debt, we
consider CeramTec's new debt facilities and then adjust for about
EUR5.3 million of leases, EUR13.6 million of trade receivables,
about EUR88.4 million of pension-related obligations, and the
EUR260 million of PECs. We apply a 100% cash haircut, and consider
that the company could follow a shareholder-friendly dividend
policy.
"We believe that CeramTec's medical business will grow robustly,
driven by increasing market penetration of ceramics. We generally
consider the company's medical business less prone to economic
cycles. However, it was affected by COVID-19 due to the
postponement of elective surgeries as COVID-19 patients were
prioritized. We have since seen the segment recover very fast as
pandemic numbers decrease and surgeries resume. In the first nine
months of 2021, CeramTec's medical business recorded a 22% sales
increase driven by strong demand from Chinese market, while we do
not estimate any slowdown in fourth-quarter 2021 or in 2022 because
we expect growth in the other end-markets to gradually accelerate
after the pandemic." The growth will be supported by the company's
leading position in the ceramic hip replacement components market.
CeramTec has a proven ability to deliver high-quality components in
large volumes, as one of the few market players globally.
High-performance ceramics will continue to increase penetration in
the hip replacement market and other implant markets as it is
considered more sustainable over other materials such as metal.
Furthermore, S&P expects the company to expand outside of the hip
market into other implants such as spine, knee, and shoulder.
Moreover, the successful completion of the Dentalpoint acquisition
should ramp up the broadening of CeramTec's offering, gaining
access to the EUR4.6 billion dental market.
The industrial segment has rebounded well, despite component
shortages in the auto sector. Revenue volumes for the company's
industrial segment depend on demand from various end-markets, which
are uncorrelated for the most part. They include mobility (auto;
generating 29% of revenue in 2020), industrial applications (29%),
and electronics (12%). The industrial business grew 17.1% in
first-half 2021 on recovery from lower volumes in all key segments,
including machinery, electronics, and auto. S&P said, "We should
see some pressure from auto over the next 12 months as the industry
suffers from component shortages and is forced to pause
manufacturing. Beyond then, we do not expect technological shifts
in the auto industry to have a negative impact on the company's
performance as the share of ceramic components should continue to
grow per vehicle. We also take a positive view of the
reorganization efforts in the industrial segment that helped to
preserve profitability in 2020. We believe that the streamlined
industrial business will continue to show resilience, although
CeramTec's position as a third-tier supplier might result in
limited pricing power. As a result, any pressure from heightened
competition could weigh on its performance."
Continued positive FOCF through the cycle supports the ratings and
indicates business resilience. The company has consistently
generated positive FOCF for more than a decade. S&P said, "We see
this as a credit strength and believe that CeramTec will be able to
carry slightly higher leverage after the transaction on a pro forma
basis. Despite a significant decline in volumes in 2020, the
company managed EUR34.3 million of FOCF, down from EUR94 million
reported in 2019. We estimate FOCF to have improved to about EUR85
million in 2021 and will improve to EUR90 million-EUR100 million in
2022. Our forecast anticipates capital expenditure (capex)
increasing to EUR60 million in 2022."
S&P said, "Financial policy should remain consistent with the
company's historical approach. We do not incorporate any
exceptional shareholder distributions into our forecast. We believe
that new shareholders will focus on organic growth but also
consider acquisitions of a similar magnitude as Dentalpoint. In our
forecast we include EUR20 million bolt-ons annually.
"The stable outlook reflects our view that the group will
deleverage toward 7.5x in 2022 and below 7.0x in 2023 (8.5x and
8.0x, respectively, including PECs that we view as debt-like) and
maintain funds from operations (FFO) cash interest coverage of
above 2.5x consistently, delivering stable margins and positive
FOCF. We also anticipate that new owners will not pursue a more
aggressive financial policy, including dividend recapitalization in
the next two years.
"We could lower the rating if the group's adjusted FFO to cash
interest coverage dropped to less than 2.5x, or if, in our view,
the group were not able to deleverage below 7.5x excluding PECs
(8.5x including PECs) or generate consistently positive FOCF. This
could occur if the group's operating performance deteriorated or if
it increased leverage through acquisitions or shareholder
remuneration.
"We are unlikely to upgrade CeramTec given the highly leveraged
capital structure. We could raise the rating if the group
sustainably reduced adjusted debt to EBITDA below 6.5x (7.5x
excluding PECs) while maintaining adjusted FFO cash interest
comfortably above 3.0x."
Environmental, Social, And Governance
ESG credit indicators: E-2, S-2, G-3
S&P said, "Governance factors are a moderately negative
consideration in our credit rating analysis of CeramTec. Our
assessment of the company's financial risk profile as highly
leveraged reflects corporate decision-making that prioritizes the
interests of the controlling owners, as is the case for most rated
entities owned by private-equity sponsors. Our assessment also
reflects their generally finite holding periods and a focus on
maximizing shareholder returns."
SYNLAB AG: Moody's Affirms 'Ba3' CFR & Alters Outlook to Positive
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Moody's Investors Service changed the outlook of Synlab AG (Synlab
or the company) and its subsidiary Synlab Bondco PLC to positive
from stable. Moody's affirmed the Ba3 long-term Corporate Family
Rating and Ba3-PD Probability of Default rating issued at Synlab AG
level. Moody's also affirmed the B1 ratings of the EUR500 million
senior unsecured revolving credit facility and the EUR735 million
senior unsecured term loan A both issued by Synlab AG. Concurrently
Moody's affirmed the Ba2 rating of the guaranteed senior secured
term loans issued by Synlab Bondco PLC.
RATINGS RATIONALE
The outlook change to positive reflects the fact that Synlab's
continuous good operating performance coupled with a conservative
financial policy have resulted in an improvement in credit metrics,
that if further sustained over the next quarters, could translate
into upward rating pressure. Synlab's current credit metrics are
very strong, but are also boosted by an extraordinary COVID-19
testing activity that the rating agency believes is not sustainable
- at this level - in the long term. Synlab has reinvested the
strong COVID-19 cash flow generated so far internally through capex
and M&A that will translate into sustainable EBITDA improvement, a
credit positive. Even when assuming a strong reduction of COVID-19
testing revenue by -45% in 2022, another 65% in 2023 and another
20% in 2024, in line with its general assumptions for the European
laboratory sector, Moody's believes that Synlab's credit metrics
will get close to their upgrade triggers in the next 12-18 months.
Moody's estimates the long-term revenue potential from COVID-19
testing to be around 15% of the level reached in 2021. Further
underlying improvement will be driven, in the rating agency's
projections, by organic growth forecasted by Moody's at 2.5% per
annum going forward and M&A financed by cash flow generated
internally.
A higher rating level would require the company to build a longer
track record, over the next 12-18 months, of conservative financial
policy in line with its public guidance that is net leverage (under
company definition) below 3x and dividend payout ratio of 20-30%.
Moody's believes that M&A remains a key growth driver for Synlab.
The rating agency has included EUR250 million of bolt-on M&A
annually in its model that can be financed by cash flow generated
internally. In case a larger acquisition opportunity would arise,
Moody's assumes that Synlab will continue to adhere to its net
leverage guidance of below 3x.
At this stage, Moody's considers that the exposure to the
consequences of the Russia-Ukraine crisis is low. Synlab's revenue
exposure to Russia is zero and to Ukraine and Belarus is 0.3% at
Group level. In terms of cost inflation, since prices are regulated
by the different national healthcare authorities, Synlab does not
have the ability to pass-on cost inflation to the payors directly.
Management indicated however, that historically, healthcare
authorities had a tendency to adjust prices gradually to reflect
inflation trends. Synlab is a service provider and its largest
costs are personal expenses representing around 45% of the cost
base while energy costs are small in comparison at around 3% of the
cost base (around EUR75 million in absolute terms for 2021).
Synlab's ratings are supported by its size as the largest provider
of clinical laboratory testing in Europe. The company is also well
diversified geographically, a key strength as it limits its
exposure to adverse changes in one particular regulatory regime.
The ratings are further supported by the defensive nature and
positive underlying fundamental trends for demand for clinical
laboratory tests and strong barriers to entry. The ratings are
constrained by the continuous price pressure in the industry which
limits the organic growth and drives the need to achieve economies
of scale and efficiency gains to defend margins. The next French
2023-25 triennial tariff agreement will be negotiated in 2022.
There are no major tariff adjustments planned for 2022 at this
stage in other large European countries. However, there is a risk
that pricing pressure could increase over time as European
governments grapple with the cost of supporting their economies
during the pandemic and since the laboratory sector has strongly
benefitted from the reimbursement of COVID-19 tests.
OUTLOOK RATIONALE
The positive outlook indicates the likelihood of an upgrade in case
Synlab's Moody's adjusted debt / EBITDA remains below 3.5x and its
Moody's adjusted retained cash flow / net debt stays above 20%
sustainably, even in a scenario where CODIV-19 testing activity is
significantly reduced from the current level.
LIQUIDITY
Synlab's liquidity is good supported by (1) EUR443 million cash on
balance sheet at year-end 2021, (2) a EUR500 million senior
unsecured revolving credit facility fully undrawn at year-end 2021,
(3) expected positive free cash flow going forward and (4) long
dated maturities with the first maturity in 2026. The documentation
of the term loan and the revolving credit facility issued by Synlab
AG includes a maintenance covenant (net total leverage < 4.5x,
stepping down to 4.0x by year end 2022) tested every six months.
ESG CONSIDERATIONS
Synlab has an inherent exposure to social risks, given the highly
regulated nature of the healthcare industry and its sensitivity to
social pressure related to the affordability of and access to
healthcare services. Governance risks for Synlab include any
potential failure in internal control that could result in a loss
of accreditation or reputational damage and, as a result, could
harm its credit profile. Despite the fact that Synlab remains
majority owned by former PE sponsors including Cinven, Moody's
considers that the company has strengthened its financial policy as
part of the IPO. The rating agency positively views the more
conservative financial policy post IPO with a mid-term target of
net debt / EBITDA leverage ratio of below 3.0x and a dividend
pay-out ratio of 20-30% of the prior year's net income.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Upward rating pressure could develop if (1) the Moody's
adjusted debt / EBITDA stays sustainably below 3.5x and (2) the
Moody's adjusted retained cash flow/net debt remains
sustainably well above 20% even when considering a CODIV-19 testing
activity significantly reduced from the current level. Moody's
estimates the long-term revenue potential from COVID-19 testing to
be around 15% of the level reached in 2021.
Downward rating pressure could develop if (1) the Moody's
adjusted debt/EBITDA deteriorates above 4.5x, (2) the Moody's
adjusted retained cash flow/net debt declines to below 15%, (3) the
free cash flow/debt does not remain in the high single digit area
and/or (4) the company adopts more aggressive financial policies in
relation to leverage (net debt leverage under company definition
above the publicly committed guidance of 3.0x for a prolonged
period), shareholder distributions (payout ratio increases
sustainably from 20-30% public guidance) and/or liquidity
deteriorates (including limited covenant headroom).
STRUCTURAL CONSIDERATIONS
The EUR735 million senior unsecured term loan A and the EUR500
million senior unsecured revolving credit facility issued by Synlab
AG and rated B1 are fully unsecured and do not benefit from any
guarantee from operating entities. In the waterfall analysis, they
rank behind the guaranteed senior secured term loans rated Ba2
issued by Synlab Bondco PLC. This is because the term loans issued
by Synlab Bondco PLC benefit from guarantees from operating
companies representing 50% of group's EBITDA and from a
security package including shares, bank accounts, receivables and
intercompany loans.
LIST OF AFFECTED RATINGS:
Issuer: Synlab AG
Affirmations:
LT Corporate Family Rating, Affirmed Ba3
Probability of Default Rating, Affirmed Ba3-PD
Senior Unsecured Bank Credit Facility, Affirmed B1
Outlook Actions:
Outlook, Changed To Positive From Stable
Issuer: Synlab Bondco PLC
Affirmations:
Senior Secured Bank Credit Facility, Affirmed Ba2
Outlook Actions:
Outlook, Changed To Positive From Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.
=============
I R E L A N D
=============
AURIUM CLO IX: Moody's Assigns B3 Rating to EUR13MM Class F Notes
-----------------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following definitive ratings to notes issued by Aurium CLO IX
Designated Activity Company (the "Issuer"):
EUR248,000,000 Class A Senior Secured Floating Rate Notes due
2034, Definitive Rating Assigned Aaa (sf)
EUR31,000,000 Class B-1 Senior Secured Floating Rate Notes due
2034, Definitive Rating Assigned Aa2 (sf)
EUR10,000,000 Class B-2 Senior Secured Fixed Rate Notes due 2034,
Definitive Rating Assigned Aa2 (sf)
EUR23,000,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned A2 (sf)
EUR29,000,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned Baa3 (sf)
EUR20,000,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned Ba3 (sf)
EUR13,000,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned B3 (sf)
RATINGS RATIONALE
The rationale for the ratings is based on a consideration of the
risks associated with the CLO's portfolio and structure as
described in Moody's methodology.
The Issuer is a managed cash flow CLO. At least 90% of the
portfolio must consist of senior secured obligations and up to 10%
of the portfolio may consist of senior unsecured obligations,
second-lien loans, mezzanine obligations and/or high yield bonds.
The portfolio is expected to be at least 93% ramped up as of the
closing date and to comprise of predominantly corporate loans to
obligors domiciled in Western Europe. The remainder of the
portfolio will be acquired during the six months ramp-up period in
compliance with the portfolio guidelines.
Spire Management Limited ("Spire") will manage the CLO. It will
direct the selection, acquisition and disposition of collateral on
behalf of the Issuer and may engage in trading activity, including
discretionary trading, during the transaction's four and a half
year reinvestment period. Thereafter, subject to certain
restrictions, purchases are permitted using principal proceeds from
unscheduled principal payments and proceeds from sales of credit
risk obligations or credit improved obligations.
In addition to the seven classes of notes rated by Moody's, the
Issuer has issued EUR29,000,000 Subordinated Notes due 2034 which
are not rated.
The transaction incorporates interest and par coverage tests which,
if triggered, divert interest and principal proceeds to pay down
the notes in order of seniority.
Methodology underlying the rating action:
The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2021.
Factors that would lead to an upgrade or downgrade of the ratings:
The rated notes' performance is subject to uncertainty. The notes'
performance is sensitive to the performance of the underlying
portfolio, which in turn depends on economic and credit conditions
that may change. The collateral manager's investment decisions and
management of the transaction will also affect the notes'
performance.
Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3 of
the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in December 2021.
Moody's used the following base-case modeling assumptions:
Par Amount: EUR400,000,000
Diversity Score: 47 (*)
Weighted Average Rating Factor (WARF): 3075
Weighted Average Spread (WAS): 3.80%
Weighted Average Coupon (WAC): 5.50%
Weighted Average Recovery Rate (WARR): 44.0%
Weighted Average Life (WAL): 7.6 years
=====================
N E T H E R L A N D S
=====================
BOELS TOPHOLDING: Fitch Affirms 'BB-' LT IDR, Outlook Stable
------------------------------------------------------------
Fitch Ratings has affirmed Boels Topholding B.V.'s Long-Term Issuer
Default Rating (IDR) and its long-term senior secured debt rating
at 'BB-'. The Outlook on the IDR is Stable.
KEY RATING DRIVERS
IDR
The IDR reflects Boels' franchise as Europe's second-largest
equipment rental company, the long maturity profile of its
borrowings and its management's long experience in the sector. It
also takes into account Boels' leverage in the wake of the 2020
acquisition of Cramo plc and its recurring need to fund sufficient
capex to support a good-quality fleet through the economic cycle
while at the same time servicing its associated debt.
For 2021 Fitch expects Boels to achieve EBITDA prior to exceptional
items of approximately EUR425 million, around 6% ahead of 2020
performance. This was driven by revenue growth of 7%-8%, as
customer demand rose and fleet investment, which had been held back
in the pandemic, resumed, subject to some supply-chain delays.
Reduced interest costs on the 2021 refinancing of Boels' term loans
also contributed to returning the company to pre-tax profit,
following a small net loss in 2020 after deduction of goodwill
amortisation under Dutch GAAP. The goodwill principally relates to
Cramo, and gives rise presently to net tangible liabilities,
although this should soon be eliminated via profit generation.
Boels' EUR179.3 million revolving credit facility and EUR1.45
billion term loan B mature in 2026 and 2027 respectively, removing
near-term refinancing risk, subject to compliance with a 6.5x net
debt-to-EBITDA covenant. In view of the cash flow-driven nature of
Boels' business, Fitch uses EBITDA-based metrics in assessing
leverage, and anticipates end-2021 gross debt-to-EBITDA of around
3.3x, a reduction from around 3.8x on completion of the acquisition
of Cramo.
Boels' capex is moderately discretionary in the short term,
enabling the company to conserve liquidity at a time of reduced
cash inflows, but requiring reinvestment over the longer term.
Boels entered the pandemic with a fairly young inventory. Average
fleet age has lengthened during the pandemic, but is expected to
reduce on implementation of the 2022 capex budget. The need for
capex to maintain a productive fleet gives depreciation some of the
characteristics of a recurring operating expense, so Fitch also
monitors debt/EBIT as a measure of debt relative to earnings
unadjusted for temporary capex variations. This is estimated to be
in excess of 10x since the Cramo acquisition.
Prior to Covid-19 the equipment rental sector had been growing
significantly, as an increasing proportion of end-users in many
European markets chose to rent equipment rather than own it. Fitch
expects this trend to continue, especially if businesses stretched
by the current economic environment have less funding available for
their own capital investment. Multi-site operators such as Boels
enjoy further advantages over independents in the depth of fleet
they are able to stock, as well as in brand recognition, and a wide
franchise brings increased purchasing power in procurement and
other scale benefits.
As a private company, Boels lacks the degree of governance scrutiny
typically applied to a public company, but Fitch views positively
the family interest in the long-term health of the business, with a
record of reinvesting earnings rather than extracting them in
dividends, and the expressed intention of continuing this policy in
the medium term to aid deleveraging.
SENIOR SECURED DEBT
Boels' debt is classified as secured, but, in the absence of direct
security over operating assets, Fitch rates it in line with Boels'
Long-Term IDR (as it would an unsecured obligation), indicating
average recovery prospects.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Material reduction in EBITDA, whether from lower fleet
utilisation or from rising costs, resulting in gross debt-to-
EBITDA above 6x;
-- Insufficient liquidity or access to funding to support the
capex required to maintain an attractive, sufficiently young
fleet;
-- Material impairment of fleet valuations, such as delayed
return to positive net tangible equity.
Factor that could, individually or collectively, lead to positive
rating action/upgrade:
-- An upgrade would require a favourable reassessment by Fitch of
the strength of Boels' franchise, in addition to maintenance
of a gross debt-to-EBITDA ratio below 3.5x on a sustained
basis.
SENIOR SECURED DEBT
The debt ratings are primarily sensitive to a change in Boels'
Long-Term IDR. Should Boels introduce any debt secured on operating
assets ranking above rated instruments (or a subordinated tranche
below them), Fitch could notch the debt ratings down (or up) from
the Long-Term IDR, on the basis of weaker (or stronger) recovery
prospects.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
DEBT RATING PRIOR
---- ------ -----
Boels Topholding B.V.
LT IDR BB- Affirmed BB-
senior secured LT BB- Affirmed BB-
===========
R U S S I A
===========
[*] RUSSIA: Senate Votes in Favor of Removing PRNR Status
---------------------------------------------------------
Patricia Zengerle at Reuters reports that the U.S. Congress voted
to impose further economic pain on Russia over the invasion of
Ukraine on April 7, passing one measure to remove its "most favored
nation" trade status and another to ban oil imports.
The Senate voted 100-0 in favor of the measure removing Permanent
Normal Trade Relations (PNTR) status for both Russia and its close
ally Belarus, Reuters relates. Shortly afterward, it backed the
energy measure, also by a 100-0 tally, Reuters notes.
Senate approval sent the legislation to the House of
Representatives, which quickly passed the trade measure by 420 to
3, and the energy legislation by 413 to 9, Reuters discloses.
President Joe Biden supports the measures and will sign them into
law, White House press secretary Jen Psaki told reporters, Reuters
relates.
The trade bill clears the way for Biden's administration to raise
tariffs on imports from Russia and Belarus, Reuters notes. The
energy measure puts into law Biden's previous executive order
banning imports of Russian oil, natural gas and coal, Reuters
states.
"This package is about bringing every tool of economic pressure to
bear on (Russian President) Vladimir Putin and his oligarch
cronies. Putin's Russia does not deserve to be a part of the
economic order that has existed since the end of World War Two,"
Reuters quotes Senator Ron Wyden, chairman of the Senate Finance
Committee, as saying in a statement.
=========
S P A I N
=========
AZUL MASTER: Fitch Affirms BB+ Rating on Class C 2020-1 Tranche
---------------------------------------------------------------
Fitch Ratings has affirmed WiZink Master Credit Cards (WiZink MCC)
and aZul Master Credit Cards (aZul MCC).
DEBT RATING PRIOR
---- ------ -----
Wizink Master Credit Cards, FT
Class A2019-02 ES0305279103 LT A+sf Affirmed A+sf
Class A2019-03 ES0305279129 LT A+sf Affirmed A+sf
aZul Master Credit Cards DAC
Class A 2020-1 XS2208978341 LT Asf Affirmed Asf
Class C 2020-1 XS2208978770 LT BB+sf Affirmed BB+sf
TRANSACTION SUMMARY
WiZink MCC and aZul MCC are Spanish credit card receivables
securitisation programmes. WiZink MCC has two series of notes
outstanding for a combined balance of EUR312 million and aZul MCC
has one series of notes outstanding with a balance of EUR273.5
million as of February 2022. The notes are collateralised by a pool
of receivables originated by WiZink Bank S.A. (WiZink, not rated).
For aZul MCC, the portfolio is also collateralised by a pool of
receivables originated by Barclaycard, and purchased by WiZink in
2016.
KEY RATING DRIVERS
Usury Claims, Potential Set-off Risk Cap Ratings: Given the
persistent high degree of uncertainty surrounding the amount of
usury set-off risk that could materialise over time, Fitch is
maintaining the notes' rating cap at the 'A' category.
While WiZink has repurchased to date assets with claims from the
SPVs, as per the documentation, Fitch does not maintain a credit
view on Wizink that allows it to derive any benefit from the bank's
commitment at higher rating levels. This may directly expose the
trusts to borrower claims and ensuing set-off risk.
The Spanish Supreme Court concluded in March 2020 that the 26.8%
annual rate charged by WiZink on a specific credit card contract
was usurious according to Spanish Usury Law of 1908, as it was
materially above the market average rate of around 20%. This
contract was therefore considered invalid, resulting in the
customer only being obliged to pay Wizink the drawn principal
amount, while the bank was mandated to reimburse all interest and
fees paid by the customer from the contract start date.
Asset Assumptions Unchanged: Fitch has maintained its analytical
assumptions from the last review, in light of the transactions'
record and broadly stable asset performance outlook. Downside
performance risks have increased due to rising inflation, which may
put pressure on household financing especially for weaker
borrowers. However, Fitch expects the portfolios' performance to be
consistent with Fitch's long-term steady state assumptions.
With respect to charge offs, Fitch has maintained its steady state
assumption of 8.0% on WiZink MCC; For aZul MCC, it has maintained
its steady state of 13% for the Barclaycard-originated portfolio
(around 60% of outstanding balance), and 8.0% for the
WiZink-originated portfolio. The charge off multiples for higher
stresses range between 2.6x and 3.8x at the 'A' category.
Fitch has also maintained the monthly payment rate (MPR)
assumptions at 14% on the Wizink originated portfolio under the two
programmes, and 8% for the Barclaycard-originated portfolio. The
MPR haircuts for higher stresses range between 40% and 52% at the
'A' category. Fitch has maintained its steady state yield and
purchase rate assumptions at 18% and 90%, respectively, for both
programmes, with the associated haircuts at the 'A' category rating
unchanged in the range of 27-29% and 75%-77%.
Payment Interruption Risk Mitigated: Payment interruption risk is
mitigated for the class A notes of WiZink MCC and aZul MCC by the
respective dedicated cash reserves that cover for senior fees and
class A interest amounts in a servicer disruption scenario. Fitch
expects WiZink to continue performing its functions as the seller
and servicer of the trusts under a base scenario. In addition,
transaction documents provide well-defined collections and borrower
notification processes, and the SPV management company operates as
a back-up servicer facilitator in a disruption scenario, which
should find a replacement servicer within 60 calendar days upon a
termination event.
aZul MCC class C notes' rating remains capped at 'BB+sf' in
accordance with Fitch's Global Structure Finance Rating Criteria,
considering the prolonged period of interest deferrals under
Fitch's cash flow modelling. This class of notes do not have access
to the dedicated liquidity reserve, while interest deferral is
permitted under the transaction documentation.
Wizink Master Credit Cards, FT has an ESG Relevance Score of '5'
for Rule of Law, Institutional and Regulatory Quality due to
potential set-off risk arising from an increase in Usury Law
related claims, which has a negative impact on the credit profile,
and is highly relevant to the rating, resulting in a change to the
rating of at least one notch.
aZul Master Credit Cards DAC has an ESG Relevance Score of '5' for
Rule of Law, Institutional and Regulatory Quality due to potential
set-off risk arising from an increase in Usury Law related claims,
which has a negative impact on the credit profile, and is highly
relevant to the rating, resulting in a change to the rating of at
least one notch.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- The ratings could be downgraded if usury claims received by
WiZink are higher than Fitch's current expectations.
-- Long-term asset performance deterioration, such as increased
charge-offs, reduced MPR or reduced portfolio yield, which
could be driven by changes in portfolio characteristics,
macroeconomic conditions, business practices, credit policy or
legislative landscape, would contribute to negative revisions
of Fitch's asset assumptions, which could lead to negative
rating action. Higher inflation, larger unemployment and lower
economic growth than Fitch's current forecast as disclosed in
the Global Economic Outlook - March 2022 could impact the
borrowers' ability to pay of credit card debt.
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- The ratings could be upgraded by one to two notches if Fitch
sees the evolution of usury claims remaining well below
expectations for a sustained period, provided there is
additional certainty that future claims will remain manageable
for the bank, all else being equal.
-- Long-term asset performance improvement, such as reduced
charge-offs, increased MPR or increased portfolio yield, which
could be driven by changes in portfolio characteristics,
macroeconomic conditions, business practices, credit policy or
legislative landscape, would contribute to positive revisions
of Fitch's asset assumptions, which could positively affect
the ratings.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.
DATA ADEQUACY
aZul Master Credit Cards DAC, Wizink Master Credit Cards, FT
Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pools and the transactions. Fitch has not reviewed the results of
any third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action
Prior to the transactions closing, 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.
Prior to the transactions closing, Fitch conducted a review of a
small targeted sample of the originator's origination files and
found the information contained in the reviewed files to be
adequately consistent with the originator's policies and practices
and the other information provided to the agency about the asset
portfolio.
Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.
ESG CONSIDERATIONS
Wizink Master Credit Cards, FT has an ESG Relevance Score of '5'
for Rule of Law, Institutional and Regulatory Quality due to
potential set-off risk arising from an increase in Usury Law
related claims, which has a negative impact on the credit profile,
and is highly relevant to the rating, resulting in a change to the
rating of at least one notch.
aZul Master Credit Cards DAC has an ESG Relevance Score of '5' for
Rule of Law, Institutional and Regulatory Quality due to potential
set-off risk arising from an increase in Usury Law related claims,
which has a negative impact on the credit profile, and is highly
relevant to the rating, resulting in a change to the rating of at
least one notch.
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
BROOKFIELD SLATE III: Moody's Assigns 'B2' CFR, Outlook Stable
--------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating and
a B2-PD Probability of Default Rating to Brookfield Slate Holdings
III Limited (Cupa). Concurrently, Moody's assigned a B2 rating to
the senior secured EUR480 million term loan B with 7 years maturity
and senior secured EUR100 million revolving credit facility with
6.5 years tenor. The outlook on the ratings is stable.
The new financing, in combination with common equity, will be used
to fund the acquisition by a fund owned by Brookfield Slate
Holdings III Limited from current shareholders Carlyle Group, and
to cover transaction related fees and expenses. The sale is
expected to close and fund in Q2 2022.
RATINGS RATIONALE
Cupa's B2 CFR is primarily supported by (1) its leading position in
the niche premium roofing slate market, (2) non-discretionary
nature of demand for roofing products and high share of renovation
activities that partly shield the company from economic shocks, (3)
80% of demand coming from regulated areas where there is very
limited ability to substitute slate roof tiles, (4) Moody's
expectation of positive free cash flow generation supported by
solid profitability, modest maintenance capex and working capital
needs; (5) positive market fundamentals thanks to increasing focus
on energy efficient renovation, with slate roof tiles production
using less energy than clay or concrete roof tiles, and (6)
experienced management team.
At the same time the rating is constrained by (1) relatively high
opening leverage with Moody's adjusted debt/EBITDA expected at
around 6.0x pro-forma for the new capital structure, (2) its
exposure to economical construction cycles partly mitigated by a
high share of renovation activities; (3) expected flattish demand
for slate tiles over the next 12-18 months after the pull forward
effect in 2021 boosted by increasing spending in renovation
following the outbreak of the pandemic; (4) competition from
substitute products that are 30-40% cheaper, namely in the
unregulated segment; and (5) rising energy costs that could put
pressure on profitability in the short term, albeit to a lower
extent than for clay or concrete roof tiles and mitigated by a
proven ability to increase prices.
Moody's adjusted opening leverage is around 6.0x as of December
2021 pro forma for the transaction and the full year effect of
acquisitions, but before any future synergies and expected cost
savings to be realized over the next 24 months. Moody's expect
leverage to decline towards 5.5x in 2022 driven by a slight
reduction in adjusted debt and a higher EBITDA generation.
Cupa's leading position in the slate tiles industry and number two
position in the UK roofing distribution market will support revenue
growth in the high single digit range mainly reflecting price
increases and broadly stable volume. Although the absolute amount
of EBITDA will increase in 2022, Moody's expect Cupa's EBITDA
margin to decline by roughly 100 basis point in 2022 from around
22% in 2021 reflecting rising energy and fuel prices as well as
Moody's expectation of lower margins in the distribution business.
These will be partly offset by price increases and synergies of
around EUR5 million (EUR10.5 million realized in 2021) from the
acquisitions closed over the past two years. The reduction of
leverage will also be supported by the progressive repayment of the
EUR39 million earnouts liability as of March 2022 that is included
in Moody's gross debt. Moody's expect margins will improve from
2023 supported by high operational leverage and price increases in
line with historical levels, supporting further reduction in
leverage. Solid margins, modest capex needs (6% of sales) and
disciplined working capital management will support positive FCF of
around EUR25 million on average over the next two years.
The rating is also supported by the increasing focus on energy
efficient renovation that will support demand for slates product
for the years to come. Natural slate is the most sustainable
roofing material thanks to its less energy intensive manufacturing
process, longer useful life and better insulation capacity compared
to fiber cement, clay and concrete (life cycle emission outputs are
50-80% lower than substitute products). However, broad based use of
slate roof tiles is somewhat restricted by slate reserves being
predominantly available only in Spain. Yet, these features position
slate tiles to benefit from the increasing focus on the reductions
of buildings' emission namely in France where the RE2020 has come
into effect in 2022 placing limits on lifecycle of building
materials with the requirement of reducing emission from material
and construction by 30%.
Cupa's slate tile business is complemented by a strong market
position in roofing products distribution in the UK. Given the low
asset intensity of that business cash generation is relatively
strong despite the diluting effect on the margins of Cupa' slate
tiles division.
STRUCTURAL CONSIDERATIONS
The new EUR480 million term loan B and the new EUR100 million RCF
are rated in line with the CFR. The instruments are senior secured,
share the same security package, rank pari passu and are guaranteed
by a group of companies representing at least 80% of the
consolidated group's EBITDA. Borrower of these instruments is the
top entity of the restricted group Brookfield Slate Holdings III
Limited. Moody's have considered the security package, consisting
of shares, bank accounts and intragroup receivables, as limited and
have used a recovery rate of 50%, reflecting the covenant-lite
capital structure.
LIQUIDITY
Moody's views Cupa's liquidity position as adequate. This is
supported by a cash on balance sheet of EUR25 million, pro forma
for the transaction, and a sizeable new and fully undrawn senior
secured revolving credit facility (RCF) of EUR100 million maturing
in 2028. The liquidity profile is further supported by around EUR70
million fund from operations that will be sufficient to cover basic
cash needs, including around EUR25 million capex and EUR20 million
earn outs payment related to acquisitions. There are no major debt
maturities until 2028. The company's liquidity profile is
characterized by the existence of a springing covenant (with ample
capacity) to be tested only when the RCF is drawn by more than 40%
with a net leverage text of 10.5x.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE CONSIDERATIONS
Moody's considers the impact of ESG factors when assessing
companies' credit quality. Social risks are not material for Cupa.
Environmental issues are a benefiting factor to Cupa's credit
profile, given the focus of European governments around energy
efficiency of buildings. The company's end markets will continue to
benefit from the regulatory push for renovation of building stock
and increasing focus on the reductions of buildings' emission for
the foreseeable future.
In terms of governance, Cupa is a company fully owned by the
private equity firm Brookfield. The financial policy is fairly
aggressive, as illustrated by the high starting leverage, but with
a stated commitment to deleverage the balance sheet. Over the past
years, the company's growth strategy has been supported by several
bolt-on acquisitions mainly funded by positive FCF and Moody's
expects the company will continue to pursue this strategy.
OUTLOOK
The stable outlook reflects Moody's expectations that in the next
12-18 months, Cupa will be able to grow organically in the
mid-to-high single digit in percentage terms and maintain broadly
stable margins, which should support a gradual deleveraging of
Moody's adjusted debt/EBITDA to below 5.5x.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Upward pressure on the ratings could develop if Cupa is able to (1)
improve its Moody's adjusted debt/EBITDA ratio reducing towards
4.5x on a sustainable basis, (2) improve profitability with Moody's
adjusted operating margins towards the mid-teens and (3) positive
Moody's adjusted free cash flow with a good liquidity profile.
Downward pressure on the ratings could arise if (1) Cupa's leverage
increases above 6.0x after 18 months, (2) its profitability
deteriorates with operating profit margin declining to below 10%
and (3) its Moody's adjusted free cash flow turns negative or its
liquidity position weakens.
LIST OF AFFECTED RATINGS:
Issuer: Brookfield Slate Holdings III Limited
Assignments:
LT Corporate Family Rating, Assigned B2
Probability of Default Rating, Assigned B2-PD
Senior Secured Bank Credit Facility, Assigned B2
Outlook Actions:
Outlook, Assigned Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Building
Materials published in September 2021.
COMPANY PROFILE
Headquartered in Spain, Cupa is the global leader in premium slate
roofing products. The company operates three business segments:
Cupa Slate, leading integrated global producer of premium natural
slate tiles; Burton Roofing, second largest roofing distributor in
the UK; and Cupa Stone, distributor of natural stone in Southern
Europe. Cupa generates most of its revenue in Europe, mainly in the
UK and France . The company reported EUR415 million revenue
pro-forma acquisitions in 2021.
===========================
U N I T E D K I N G D O M
===========================
BROOKFIELD SLATE: S&P Puts Preliminary 'B' Ratings, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'B' long-term ratings
to Cupa Group's intermediate parent company, Brookfield Slate
Holdings III, and to the proposed EUR480 million term loan B, with
a '3' recovery rating.
The stable outlook reflects S&P's view that Cupa will continue
benefiting from supportive end-markets, while integrating its
recent acquisitions, with debt to EBITDA below 6.5x.
Investment firm Brookfield Asset Management is acquiring Cupa
Group, a Spain-based leading manufacturer of premium slate roofing
products that generated sales of about EUR400 million in 2021, from
Carlyle.
As part of this transaction, Cupa intends to raise a new term loan
B and refinance its capital structure.
In January 2022, investment firm Brookfield Asset Management agreed
to acquire Cupa Group from Carlyle. As part of the transaction,
Cupa Group plans to issue:
-- A EUR480 million term loan B.
-- A EUR100 million revolving credit facility.
-- S&P understands that part of the equity is made of preference
shares, which meet its criteria for equity treatment.
Cupa Group is the global leader in the production of premium
roofing slate. It is also the second-largest specialist roofing
distributor in the U.K. with Burton Roofing, behind SIG PLC
(B+/Stable/--). S&P said, "We understand that most of the European
slate market focuses on premium roofing slate tiles, where Cupa is
present. Low-quality slate tiles are mainly produced outside Europe
and may not be certified for the European market, which increases
barriers of entry in our view. In addition, most slate tiles are
replaced by other slate tiles or tiles of the same colors, because
roof composition is often protected by local regulation owing to
historical and aesthetic norms."
S&P said, "We believe that Cupa has good visibility and control
over its raw materials. More than 80% of roofing slate reserves in
the world are in Spain. As the leader of natural slate, Cupa
manages a majority of Spanish slate reserves across 20 quarries and
24 plants. The quarries have over 75 years of average remaining
life. We see the group's profitability as above average, with an
EBITDA margin of over 22%, which is boosted by the higher margins
in the Cupa Slate segment. The manufacturing process of slate does
not require significant energy costs, unlike clay or cement. With
its distribution business, the group also enjoys vertical
integration in the U.K."
Cupa is one of the smallest rated companies in the building
materials sector, with sales of over EUR400 million. The group has
expanded in recent years through organic growth and bolt-on
acquisitions such as Pizarras Callegas, Proinor, Rinus, and Lomba.
It serves mainly Western Europe countries, such as France, Germany,
the U.K. and Spain. There is also business concentration in the
slate tiles, which represent a large portion of EBITDA. We see
limited organic growth prospect or even a slight decline for the
slate tiles market, given the stable renovation market, the mature
penetration rate of slate, and the urbanization trend. Mitigating
the limited scope and scale, Cupa is mainly exposed to the
renovation end-market, which is less cyclical than the new building
end-market.
S&P said, "We forecast free operating cash flow (FOCF) of over
EUR20 million in 2022-2023. We forecast capex of about EUR35
million in 2022 and EUR30 million in 2023. Annual maintenance capex
represents about 6% of sales, which is slightly higher than the
average for the building material sector, and relates mainly to
clearance works in mining operations and machinery replacement. We
also do not assume material working capital movement.
"We see the financial risk profile as highly leveraged. Adjusted
leverage at closing is about 6.3x, based on 2021 EBITDA. We
forecast a slight reduction in 2022-2023 as EBITDA improves on
pricing initiatives and synergies already executed on acquired
entities. Although we do not deduct cash from debt in our
calculation owing to Cupa's private-equity ownership, we expect
cash could be partly used to fund bolt-on mergers and acquisitions
(M&A) or shareholder remuneration." In the next couple of years,
the financial sponsor's commitment to maintaining financial
leverage sustainably below 5.0x would be necessary for rating
upside.
Cupa does not have material exposure to Russia or Ukraine. Sales in
Russia and Ukraine are less than EUR1 million, and the company does
not have suppliers from these countries. S&P said, "We expect
limited direct disruptions from the conflict. The slate production
is not energy intensive, and oil and gas represents a minor portion
of Cupa's cost structure. In our view, consumer confidence could
weaken in the medium term, and inflationary pressure could
indirectly stress volumes sold."
The final ratings will depend on our receipt and satisfactory
review of all final documentation and final terms of the
transaction. The preliminary ratings should therefore not be
construed as evidence of the final ratings. If S&P does not receive
the final documentation within a reasonable time, or if the final
documentation and terms of the transaction depart from the
materials and terms reviewed, it reserves the right to withdraw or
revise the ratings. Potential changes include, but are not limited
to, use of the proceeds, maturity, size, and conditions of the
facilities, financial and other covenants, security, and ranking.
The stable outlook reflects S&P's view that Cupa will continue
benefiting from supportive end-markets while integrating its recent
acquisitions, with debt to EBITDA below 6.5x.
S&P could lower the ratings if:
-- The group experienced severe margin pressure or operational
issues, leading to much lower FOCF and adjusted EBITDA margin below
18%.
-- Adjusted debt to EBITDA remained above 6.5x over a prolonged
period.
-- Liquidity pressure arose.
Cupa and its sponsor were to follow a more aggressive strategy with
regard to higher leverage or shareholder returns.
In S&P's view, the probability of an upgrade over its 12-month
rating horizon is limited, reflecting the group's high leverage.
Private equity ownership could increase the possibility of higher
leverage or shareholder returns. For this reason, S&P could
consider raising the rating if:
-- Adjusted debt-to-EBITDA reduced consistently to below 5x;
-- Funds from operations (FFO) to debt increased consistently to
above 12%; and
-- Cupa and its owners showed commitment to lowering and
maintaining leverage metrics at these levels.
ESG credit indicators: E-2, S-2, G-3
S&P said, "Governance is a moderately negative consideration in our
credit rating analysis of Cupa, as for most rated entities owned by
private-equity sponsors. We believe the company's highly leveraged
financial risk profile points to corporate decision-making that
prioritizes the interests of the controlling owners. This also
reflects generally finite holding periods and a focus on maximizing
shareholder returns. Environmental and social factors have an
overall neutral influence on our credit rating analysis. Cupa's
carbon dioxide emissions are relatively limited compared with those
of heavy building materials manufacturers. Unlike clay tiles or
cement, the production of slate tiles requires minimal intermediary
products, water, and gas."
CORBIN & KING: King Refused Minor's Offer to Recapitalize Firm
--------------------------------------------------------------
Alice Hancock at The Financial Times report that the Thai hotel
group that won full control of London's Wolseley and Delaunay
restaurants has accused their original co-founder Jeremy King of
refusing its offer to recapitalise the business, leaving it with no
option but to launch a "last resort" sale.
Minor Hotel Group became outright owners of Corbin & King, which
owns the two restaurants and seven others, on April 1 after a
fraught late-night auction, the FT recounts. According to the FT,
Minor said that King appointed insolvency practitioners to value
the business early in the pandemic without Minor's knowledge, a
move confirmed by a person close to Corbin & King's board. At the
time, Minor owned 74% of the company, the FT notes.
Minor said it had forgiven GBP38 million of loans to Corbin & King
for 20 months as it tried to persuade King to agree to a
recapitalisation that involved King relinquishing some of his
operational control, the FT relates. It said it put Corbin & King
into administration in January as a measure of "last resort" after
failing to reach any agreement, according to the FT.
"We tried to work out many solutions but [King] continuously
refused," the FT quotes Dillip Rajakarier, Minor's chief executive,
as saying in an interview. "He didn't want to accept cash from
Minor to recapitalise the business."
The nine restaurants in the Corbin & King group, which also include
Soutine in St John's Wood and Colbert on Sloane Square, have become
London stalwarts since King and his partner Chris Corbin
established the Wolseley in 2003. Diners have included Joan
Collins and the Beckhams, while Lucien Freud dined most nights at
the Wolseley until his death in 2011.
Messrs. King and Corbin left the business immediately after the
auction, the FT discloses. Minor's campaign to take full control
of the company resulted in a bid of almost GBP70 million for the
business including debt, the FT relays, citing two people with
knowledge of the process.
DEBENHAMS: Sacked Workers to Get GBP350,000 After Court Ruling
--------------------------------------------------------------
Gordon Blackstock at Daily Record reports that dumped Debenhams
workers have won a GBP350,000 legal battle, with lawyers warning
that other firms who sack staff could be next.
According to Daily Record, more than 100 of the department store
workers lodged an employment tribunal claim after the shop shut its
door last year.
Some former shop workers complained they were told their careers at
the retail giant were over in heartless text messages and Zoom
calls on the same day the business stopped trading, Daily Record
notes.
Legal firm Thompsons started legal proceedings after the firm
failed to consult workers that their jobs were at risk and give
them 30 days' notice, Daily Record relates.
An employment tribunal ruled in their favour and made the
six-figure award for workers, which equates to eight weeks' work,
Daily Record discloses.
The "protective award" pay-outs are on top of statutory redundancy
payments the sacked workers have received, Daily Record notes.
The bill will be footed by the taxpayer because Debenhams went
bust, Daily Record states.
Debenhams, once one of the country's success stories, made 647
Scottish workers redundant when it said it wouldn't reopen after
lockdown restrictions eased and shops were allowed to reopen, Daily
Record recounts.
It had gone into administration twice in recent years before
calling in liquidators and selling the brand to online fast fashion
giant Boohoo, Daily Record relates.
DOWSON 2022-1: S&P Assigns B- (sf) Rating to Class F Notes
----------------------------------------------------------
S&P Global Ratings assigned its credit ratings to Dowson 2022-1
PLC's asset-backed floating-rate class A, B, C, D, E, F-Dfrd, and
X-Dfrd notes. The class X-Dfrd notes are excess spread notes. The
proceeds from the class X-Dfrd notes were used to fund the initial
required cash reserves, the premium portion of the purchase price,
and pay certain issuer expenses and fees.
Dowson 2022-1 is the fifth public securitization of U.K. auto loans
originated by Oodle Financial Services Ltd. S&P also rated the
first four securitizations, Dowson 2019-1 PLC, Dowson 2020-1,
Dowson 2021-1 PLC, and Dowson 2021-2 PLC, which closed in September
2019, March 2020, April 2021, and October 2021, respectively.
Oodle is an independent auto lender in the U.K., with a focus on
used car financing for prime and near-prime customers.
The underlying collateral comprises U.K. fully amortizing
fixed-rate auto loan receivables arising under hire purchase (HP)
agreements granted to private borrowers resident in the U.K. for
the purchase of used and new vehicles. There are no personal
contract purchase (PCP) agreements in the pool. Therefore, the
transaction is not exposed to residual value risk.
About 5.8% of the pool are multi-part agreements that include
certain add-on components, which covers for insurance, warranties,
and refinancing of amounts owed by the obligor under any
pre-existing HP, lease, or other auto finance agreement, which is
terminated by the obligor in connection with its entry into a new
agreement. The add-on components form about 0.46% of the pool.
Collections are distributed monthly with separate waterfalls for
interest and principal collections, and the notes amortize fully
sequentially from day one.
A dedicated reserve ledger for each class A, B, C, D, E, and F-Dfrd
notes is in place to pay interest shortfalls for the respective
class over the transaction's life, any senior expense shortfalls
(including servicing fees and swap costs), and once the collateral
balance is zero or at legal final maturity, to cure any principal
deficiencies. The class A dedicated reserve ledger can be used to
cure any class A principal deficiency before the legal final
maturity date. The required reserve amount for each class amortizes
in line with the outstanding note balance.
A combination of note subordination, the class-specific cash
reserves, and any available excess spread provides credit
enhancement for the rated notes.
Commingling risk is partially mitigated by sweeping collections to
the issuer account within two business days, and a declaration of
trust is in place over funds within the collection account.
However, due to the lack of minimum required ratings and remedies
for the collection account bank, we have assumed one week of
commingling loss in the event of the account provider's
insolvency.
Although the originator is not a deposit-taking institution, there
are eligibility criteria preventing loans to Oodle employees from
being in the securitization, and Oodle has not underwritten any
insurance policies for the borrowers. The add-on product may give
rise to potential for setoff risk between the borrower and the
seller, which may be subject to claims under section 75 CCA for any
breach of contract or misrepresentation although Oodle would
normally have a claim against the dealer in such scenario. S&P
said, "We have received satisfactory legal comfort that the add-on
portion used to refinance any pre-existing HP agreement does not
give rise to any setoff risk. In our analysis, we have considered a
setoff loss for the add-on portion, which is used to cover for
insurance, warranties, or paint protection products, which forms
0.25% of the pool."
Oodle is the initial servicer of the portfolio. A moderate severity
and portability risk along with a moderate disruption risk
initially caps the maximum potential ratings on the notes at 'AA'
in the absence of a back-up servicer. However, following a servicer
termination event, including insolvency of the servicer, the
back-up servicer, Equiniti Gateway Ltd., will assume servicing
responsibility for the portfolio. S&P said, "We have therefore
incorporated a three-notch uplift, which enables the transaction to
achieve a maximum potential rating of 'AAA' under our operational
risk criteria. Therefore, our operational risk criteria do not
constrain our ratings on the notes."
The assets pay a monthly fixed interest rate, and all notes pay
compounded daily sterling overnight index average (SONIA) plus a
margin subject to a floor of zero. Consequently, these classes of
notes benefit from an interest rate swap with a fixed amortization
profile, with an option to rebalance subject to satisfaction of
certain conditions.
Interest due on all classes of notes, other than the most senior
class of notes outstanding, is deferrable under the transaction
documents. Once a class becomes the most senior, interest is due on
a timely basis. S&P said, "However, although interest can be
deferred, our ratings on the class A, B, C, D, and E notes address
timely payment of interest and ultimate payment of principal. Our
ratings on the class F-Dfrd and X-Dfrd notes address the ultimate
payment of interest and ultimate payment of principal."
The transaction also features a clean-up call option, whereby on
any interest payment date when the outstanding principal balance of
the assets is less than 10% of the initial principal balance, the
seller may repurchase all receivables, provided the issuer has
sufficient funds to meet all the outstanding obligations.
Furthermore, the issuer may also redeem all classes of notes at
their outstanding balance together with accrued interest on any
interest payment date on or after the optional redemption call date
in May 2025.
S&P said, "Our ratings in the transaction are not constrained by
our structured finance sovereign risk criteria. The remedy
provisions adequately mitigate counterparty risk in line with our
counterparty criteria. The legal opinions adequately address any
legal risk in line with our criteria."
Preliminary Ratings
CLASS RATING* AMOUNT (MIL. GBP)
A AAA (sf) 186.00
B AA (sf) 31.50
C A (sf) 28.60
D BBB (sf) 15.70
E BB (sf) 12.90
F-Dfrd B- (sf) 11.50
X-Dfrd† CCC (sf) 14.30
*S&P's ratings on the class A, B, C, D, and E notes address the
timely payment of interest and ultimate payment of principal, while
its ratings on the class F-Dfrd and X-Dfrd notes address the
ultimate payment of both interest and principal no later than the
legal final maturity date.
DOWSON PLC 2022-1: Moody's Assigns B3 Rating to GBP11.5MM F Notes
-----------------------------------------------------------------
Moody's Investors Service has assigned the following definitive
ratings to Notes issued by Dowson 2022-1 plc:
GBP186.0M Class A Floating Rate Notes due January 2029, Definitive
Rating Assigned Aaa (sf)
GBP31.5M Class B Floating Rate Notes due January 2029, Definitive
Rating Assigned Aa1 (sf)
GBP28.6M Class C Floating Rate Notes due January 2029, Definitive
Rating Assigned A1 (sf)
GBP15.7M Class D Floating Rate Notes due January 2029, Definitive
Rating Assigned Baa3 (sf)
GBP12.9M Class E Floating Rate Notes due January 2029, Definitive
Rating Assigned Ba2 (sf)
GBP11.5M Class F Floating Rate Notes due January 2029, Definitive
Rating Assigned B3 (sf)
GBP14.3M Class X Floating Rate Notes due January 2029, Definitive
Rating Assigned Ba3 (sf)
RATINGS RATIONALE
The Notes are backed by a static pool of United Kingdom auto
finance contracts originated by Oodle Financial Services Limited
("Oodle", NR). This represents the fifth issuance sponsored by
Oodle. The originator will also act as the servicer of the
portfolio during the life of the transaction.
The portfolio of auto finance contracts backing the Notes consists
of Hire Purchase ("HP") agreements granted to individuals resident
in the United Kingdom. Hire Purchase agreements are a form of
secured financing without the option to hand the car back at
maturity. Therefore, there is no explicit residual value risk in
the transaction. Under the terms of the HP agreements, the
originator retains legal title to the vehicles until the borrower
has made all scheduled payments required under the contract.
The portfolio of assets amount to approximately 286.2 million as of
March 14, 2022 pool cut-off date. The portfolio consisted of 26,586
contracts originated over the past 5 years and predominantly
financing used vehicules (99.5%). The contracts are distributed
through national and regional dealers as well as brokers. The
portfolio has a weighted average seasoning of 3.2 months.
The ratings are primarily based on the credit quality of the
portfolio, the structural features of the transaction and its legal
integrity.
The transaction's main credit strengths are the significant excess
spread, the static and granular nature of the portfolio, and
counterparty support through the back-up servicer (Equiniti Gateway
Limited (NR)), interest rate hedge provider (BNP Paribas (Aa3(cr)/
P-1(cr)) and independent cash manager (Citibank N.A., London Branch
(Aa3(cr)/ P-1(cr)). The structure contains specific cash reserves
for each asset-backed tranche which cumulatively equal 1.17% of the
pool and will amortise in line with the notes. Each tranche reserve
will be available to cover liquidity shortfalls related to the
relevant Note throughout the life of the transaction as well as
senior expenses and payments to swap provider. They can also serve
as credit enhancement following the tranche's repayment. In
addition to that, the Class A reserve fund is also available to
cure Class A PDL amounts, and provides approximately 4.9 months of
liquidity at the beginning of the transaction. The portfolio has an
initial yield of 15.8% (excluding fees). Available excess spread
can be trapped to cover defaults and losses, as well as to
replenish the tranche reserves to their target level through the
waterfall mechanism present in the structure.
Moody's determined the portfolio lifetime expected defaults of 14%,
expected recoveries of 30% and portfolio credit enhancement ("PCE")
of 37.5% related to borrower receivables. The expected defaults and
recoveries capture our expectations of performance considering the
current economic outlook, while the PCE captures the loss Moody's
expect the portfolio to suffer in the event of a severe recession
scenario. Expected defaults and PCE are parameters used by Moody's
to calibrate its lognormal portfolio loss distribution curve and to
associate a probability with each potential future loss scenario in
its ABSROM cash flow model.
Portfolio expected defaults of 14% is higher than the UK auto
transactions and is based on Moody's assessment of the lifetime
expectation for the pool taking into account (i) the higher average
risk of the borrowers, (ii) historical performance of the book of
the originator, (iii) benchmark transactions, and (iv) other
qualitative considerations.
Portfolio expected recoveries of 30% is in line with the UK auto
transaction average and is based on Moody's assessment of the
lifetime expectation for the pool taking into account (i)
historical performance of the originator's book, (ii) benchmark
transactions, and (iii) other qualitative considerations.
PCE of 37.5% is higher than the EMEA Auto ABS average and is based
on Moody's assessment of the pool which is mainly driven by (i) the
relative ranking to originator peers in the UK market and (ii) the
weighted average current loan-to-value of 95.9% which is worse than
the sector average. The PCE level of 37.5% results in an implied
coefficient of variation ("CoV") of 35.6%.
The principal methodology used in these ratings was 'Moody's Global
Approach to Rating Auto Loan- and Lease-Backed ABS' published in
September 2021.
Factors that would lead to an upgrade or downgrade of the ratings:
Factors that would lead to an upgrade of the ratings of Class C - X
Notes include significantly better than expected performance of the
pool together with an increase in credit enhancement of Notes. The
Class B Note is capped at Aa1 (sf), due to Moody's operational risk
assessment of the current securitization structure.
Factors that would lead to a downgrade of the ratings include: (i)
increased counterparty risk leading to potential operational risk
of (a) servicing or cash management interruptions and (b) the risk
of increased swap linkage due to a downgrade of swap counterparty
ratings; and (ii) economic conditions being worse than forecast
resulting in higher arrears and losses.
EQUITY RELEASE 5: Fitch Affirms BB+ Rating on Class C Notes
-----------------------------------------------------------
Fitch Ratings has affirmed Equity Release Funding No. 5 Plc's
(ERF5) notes, as follows:
DEBT RATING PRIOR
---- ------ -----
Equity Release Funding No.5 Plc
Class A XS0225883387 LT AAsf Affirmed AAsf
Class B XS0225883973 LT Asf Affirmed Asf
Class C XS0225884278 LT BB+sf Affirmed BB+sf
TRANSACTION SUMMARY
The transaction is a securitisation of UK equity release mortgages
originated by Aviva UK Equity Release Ltd.
KEY RATING DRIVERS
Resilient to Stressed Scenarios: Fitch tested scenarios where cash
flows are received sooner or later than expected by assuming that
all borrowers in the pool are five years older or younger, as a
proxy for shifts in cash-flow timing.
Given the seasoning of the pool, the notes are more sensitive to
low prepayment scenarios and to scenarios where cash flows are
received at a later stage. Overall, the ratings remain resilient
across the stressed scenarios.
Prolonged Interest Deferral: According to its Global Structured
Finance Rating Criteria, Fitch will only assign 'Asf' or 'BBBsf'
ratings to notes that are expected to incur interest deferrals if
certain conditions are met.
In a variation to its criteria, Fitch has capped the class B notes'
rating at 'Asf' as rather than non-investment-grade, as the agency
deems a breach of the House Price Index (HPI) trigger and interest
consequently being deferred as sufficiently remote. However, if
deferrals materialise for an excessive amount of time, Fitch could
apply a more conservative cap. Interest on the class C notes has
been deferred since October 2012 and only started being paid in
October 2021, so the class C notes' rating remains capped at
'BB+sf'.
Increasing Redemptions to Accelerate Class A Amortisation: In July
2018, the notes started amortising and the class A notes have paid
down by about GBP66 million in the past four years. In addition,
the age profile of the borrower base continues increasing and
prepayment are steadily between 1% and 3%. Fitch expects the
redemption to continue to ramp up and to substantially accelerate
class A amortisation.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Fitch assumes annual house price growth (HPG) to reflect long-
term growth rate of house prices. The HPG assumptions are
lower at higher rating categories, to test rating resilience
against a less benign environment.
-- Fitch has tested a relative decrease by 25% in HPG. The impact
on the senior notes would be a category downgrade.
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- Fitch applies high and low prepayment assumptions to loans
that are outside their early prepayment charge (ERC) period.
While a loan is in its ERC period, Fitch applies a set of ERC
prepayment assumptions based on historical averages and ERCs
being enforced.
-- All else equal, a higher prepayment assumption would boost the
availability of cash flows to amortise the senior notes,
increasing the portion of loans repaid in full. This could be
beneficial as the loans in the pools are already well seasoned
and considerable equity has built up since closing.
-- Fitch has tested a relative increase by 25% in voluntary
prepayments, which has no an impact on the current ratings of
the senior notes (the other tranches are currently capped).
The transaction would equally benefit from higher than
expected redemption events under the loans.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.
CRITERIA VARIATION
Interest on the class B notes was deferred from October 2012 until
October 2015. This was due to a breach of the HPI trigger (set at
2% per year since closing). Since October 2015, interest payments
have been made on time. However, previously deferred interest will
remain subordinated to class A principal repayment.
In a variation to its 'Global Structured Finance Rating Criteria'
Fitch caps the ratings of the class B notes at 'Asf' as opposed to
non-investment-grade. This is because Fitch does not expect class B
interest to be deferred again for an excessive amount of time.
DATA ADEQUACY
Equity Release Funding No.5 Plc
Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset pool
and the transaction. Fitch has not reviewed the results of any
third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.
Fitch did not undertake a review of the information provided about
the underlying asset pool ahead of the transaction's Equity Release
Funding No.5 Plc initial closing. The subsequent performance of the
transaction over the years is consistent with the agency's
expectations given the operating environment and Fitch is therefore
satisfied that the asset pool information relied upon for its
initial rating analysis was adequately reliable.
Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
GIBSON DIRECT: COVID-19 Lockdowns Prompt Administration
-------------------------------------------------------
Sara Paciaroni at Glasgow Times reports that a bus company that
provided transport for football supporters has gone into
administration.
Gibson Direct Ltd, based in Renfrew, held a number of contracts to
provide coach hire to football supporters' clubs and school coaches
to councils, as well as offering wedding coach hire and executive
coach hire.
According to Glasgow Times, the company was unable to recover from
the impact of Covid-19 lockdowns that had a significant impact on
its business, which primarily served school contracts.
On April 6, all 25 staff were subsequently made redundant and
provisional liquidators Ken Pattullo and Kenny Craig of Begbies
Traynor were appointed, Glasgow Times relates.
"Gibson Direct was severely affected by the repeated withdrawal of
school bus services over the last two years as remote learning for
children was implemented, and this proved to be too heavy a burden
for the business to bear," Glasgow Times quotes Mr. Pattullo as
saying. "We are currently in the process of realising any assets we
can to provide the best return for creditors, as well as liaising
with councils and alternative operators to help minimise disruption
and cover the school bus services."
Established in 1996, Gibson Direct Ltd had a fleet of 50 vehicles
and operated in Glasgow and across Scotland.
HALLETT RETAIL: Placed Into Voluntary Liquidation, Ceases Trading
-----------------------------------------------------------------
Andrew Seymour at Professional Jeweller reports that Hallett Retail
Services Limited has been placed into voluntary liquidation after
administrators said there was no prospect of finding a buyer for
the company.
Hallett Retail provided a range of concession services to retailers
and brands, but suffered financial difficulties following the loss
of major clients in recent years.
At one point, it ran many of the jewellery counters in the House of
Fraser. It also worked with the likes of Arcadia, Debenhams and
John Lewis on fashion and accessory concessions.
Directors of the business made the majority of concession staff
redundant and ceased trading at the end of last month, Professional
Jeweller relates.
A small number of staff have been retained to assist with
completing the final transition of its remaining concession
services to retailers and brands, Professional Jeweller discloses.
But without the prospect of a sale or ability to continue as a
going concern, the directors filed for liquidation, Professional
Jeweller notes.
According to Professional Jeweller, Steven Ross and Allan Kelly of
specialist business advisory firm FRP have been instructed to place
the company into voluntary liquidation, and will now assess the
assets and liabilities of the company and implement an orderly
winding up of Hallett Retail's operations.
"The relentless evolution of retail has put an incredible pressure
on the business models of those supplying the sector. Hallett
Retail has suffered the financial impact of that change and was not
able to continue trading," Professional Jeweller quotes Steven
Ross, partner at FRP, as saying.
KINGSMAN PROPERTY: Director Faces 11-Year Ban After Liquidation
---------------------------------------------------------------
Ruby Hinchliffe at FT Adviser reports that a former business owner
has been disqualified as a director by the Insolvency Service for
11 years after his company "scammed" GBP6.7 million from investors
by promising false investment returns.
According to the Insolvency Service, Sam Eustace caused his
business Kingsman Property to trade with "a lack of commercial
probity" which included offering "false representations" as to
returns on investments, FT Adviser relates.
Eustace's director ban began on March 24, 2022, and will run for
the next 11 years, FT Adviser discloses. The 36-year-old south
Londoner, also known as Samuel Jaz Eustace, will not be able to
directly, or indirectly, become involved in the promotion,
formation or management of a company, without the permission of the
court, FT Adviser states.
Between October 2016 and March 2019, the Insolvency Service found
Kingsman Property had paid out more than GBP3 million to investors,
but this was funded by money received from new investors rather
than any actual return on investment, FT Adviser notes.
According to FT Adviser, the regulator said the company operated
"similar to a Ponzi scheme".
Kingsman Property went into liquidation in August 2019, FT Adviser
recounts. The Insolvency Service said prior to its collapse, the
firm had promised landlords "guaranteed rent" all year around and
offered investors annual returns of 30%, FT Adviser relays.
Investors were asked to put their money into rental housing with at
least three tenants or more in order to make their returns, FT
Adviser disclsoes. It took at least GBP6.7 million from would-be
investors before its liquidation, FT Adviser states.
According to company accounts, the business was insolvent by June
2017, with debts of nearly GBP700,000, FT Adviser discloses.
"Its deficit grew exponentially," the Insolvency Service, as cited
by FT Adviser, said, adding that it owed nearly GBP5 million when
it eventually went into liquidation.
MIDAS GROUP: GBP60MM+ Debts Unlikely to Be Paid, New Figures Show
-----------------------------------------------------------------
William Telford at PlymouthLive reports that the fallout from the
collapse of South West construction giant Midas is even worse than
initially thought with more than GBP60 million of debts now
unlikely to be paid including GBP4.5 million owed to its own
employees.
According to PlymouthLive, new figures from administrators reveal
nearly GBP70 million is being claimed by creditors with more than
1,500 of them likely to receive no cash.
Reports from global business advisory firm Teneo Financial Advisory
Ltd show the two main companies in the Midas family -- Midas Group
Ltd and Midas Construction Ltd -- have realisable assets of just
GBP8,354,644, PlymouthLive discloses. But when preferential and
secured creditors are paid it means there will be a predicted
shortfall of GBP60,290,904 for the hundreds of small firms and
individuals in the supply chain, PlymouthLive notes.
This includes GBP4,578,369 owed to 300 Midas workers who were made
redundant when the companies went bust, PlymouthLive states.
Midas Group Ltd and its subsidiaries Midas Construction Ltd, Midas
Retail Ltd, Mi-Space (UK) Ltd, Mi-Space Property Services Ltd,
Midas Commercial Developments Ltd and Falmouth Developments Ltd all
fell into administration in January 2022 blaming a toxic cocktail
of Covid, inflation, money owed to them but not paid, and cash flow
problems for causing a financial doomsday, PlymouthLive recounts.
Administrators at Teneo Financial Advisory Ltd have now revealed
Midas Group Ltd owned two office blocks, in Newton Abbot, in Devon,
and Newport, in Wales, which are expected to sell for GBP1 million
and GBP1.3 million, PlymouthLive discloses. But when preferential
creditors have been paid it leaves just GBP844,169, PlymouthLive
states.
Once some secondary preferential claims are settled it will mean an
estimated deficiency for creditors of GBP9,015,966, according to
PlymouthLive. A list of those owed money shows 61 employees are
claiming GBP1,407,669 of that sum, PlymouthLive states.
But the vast majority of the Midas debt is with its commercial
construction arm Midas Construction Ltd. A report by Teneo shows
GBP7,329,500 is likely to be clawed back from customers who owed
the firm money, PlymouthLive relays. But this is a fraction of the
GBP48,560,404 it was owed when it went belly up, and included the
GBP36,902,858 value of work in progress when Midas fell into
administration, according to PlymouthLive.
Once preferential and secondary preferential creditors and floating
charge holders have been paid it leaves a mere GBP3,394,786 for
unsecured creditors, PlymouthLive states. But GBP51,274,938 is
owed to more than 1,500 of these creditors meaning there will be a
shortfall of GBP47,880,152, PlymouthLive notes.
The list of creditors shows Midas 239 employees are owed
GBP3,170,700 of that sum, PlymouthLive discloses.
OWL FINANCE: Moody's Puts 'Ca' CFR Under Review for Upgrade
-----------------------------------------------------------
Moody's Investors Service has placed all ratings of Owl Finance
Limited, including the Ca Corporate Family rating and the C-PD
Probability of Default rating, on review for upgrade. Moody's has
also appended a limited default (LD) designation to the C-PD
probability of default rating of Owl Finance Limited as it views
the company's debt restructuring transaction as a distressed
exchange. The LD designation will be removed in three business
days.
Owl Finance is the indirect 100% shareholder of Yell Limited, a
leading provider of digital marketing services to small and medium
enterprises ("SMEs") in the UK.
The rating action follows the company's announcement on March 30,
2022 that it has successfully completed its planned debt
restructuring transaction that led to a reduction in company's debt
from GBP214 million to GBP65 million.
RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR
DOWNGRADE OF THE RATINGS
Moody's positively acknowledges that the completion of the
announced debt restructuring will reduce the company's gross debt
leverage from around 8.0x to 3.0x on a pro forma basis for the last
twelve months ended December 31, 2021, thereby restoring its
financial flexibility. Moody's review will focus on Yell's new
capital structure, its medium term business plan and growth
prospects. The review will likely result in an upgrade of Yell's
ratings by several notches.
The company's capital structure had become unsustainable. Its bond
was due in 2023 and its leverage was elevated with a Moody's
adjusted Gross Debt/ EBITDA of around 8.0x for the last twelve
months ended December 31, 2021. Nevertheless, the company's cash
balance of GBP24 million as of December 31, 2021 would have been
sufficient to make the March 2022 coupon payment of GBP9 million.
The amended GBP65 million notes have a coupon of 8.75% and a
maturity date of March 31, 2027. The March 2022 coupon on the
existing GBP214 million of outstanding Notes was waived as part of
the restructuring deal and the Company also has the option to
capitalise the coupons payable in September 2022 and March 2023, in
each case, by adding it to the principal amount of the amended
Notes instead of paying it in cash.
The Company has also cancelled all outstanding commitments under
its undrawn GBP25 million revolving credit facility.
ESG CONSIDERATIONS
Yell's Chief Executive, Claire Miles, who joined in October 2019 is
aiming to turnaround the business via executing the
'stabilize-evolve-transform' strategy. The company also hired a new
CFO, Adam Hurst in January 2021. However, the company has been
suffering from high leverage and pressured operating performance
over the past few years. On July 23, 2020, Yell had indicated that
it was in discussions with its largest bondholders to address its
capital structure issues.
While the new capital structure will alleviate the financial
pressures on Yell, Moody's nevertheless remain cautious around the
execution risks associated with the timely and successful
implementation of the company's strategy for a return to sustained
visible revenue and EBITDA growth.
LIST OF AFFECTED RATINGS
On Review for Upgrade:
Issuer: Owl Finance Limited
Probability of Default Rating, Placed on Review for Upgrade,
currently C-PD /LD (/LD appended)
LT Corporate Family Rating, Placed on Review for Upgrade,
currently Ca
Issuer: Yell Bondco plc
BACKED Senior Secured Regular Bond/Debenture, Placed on Review for
Upgrade, currently Ca
Outlook Actions:
Issuer: Owl Finance Limited
Outlook, Changed To Rating Under Review From Negative
Issuer: Yell Bondco plc
Outlook, Changed To Rating Under Review From Negative
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Media published
in June 2021.
COMPANY PROFILE
Yell is a leading provider of digital marketing services to small
and medium enterprises ("SMEs") in the UK, helping SMEs to build
and maintain an effective online presence and facilitating
interaction with consumers. As of LTM period ended September 2021,
Owl Finance (indirect holding company of Yell) reported revenue and
EBITDA of GBP120.6m and GBP24.8m, respectively.
OWL FINANCE: S&P Cuts ICR to 'SD', Then Withdraws Rating
--------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
Owl Finance Ltd. to 'SD' (selective default) from 'CC' and its
issue rating on the senior secured notes issued by Yell Bondco PLC
to 'D' (default) from 'CC'.
S&P subsequently withdrew the ratings on Owl Finance and its debt
at the company's request.
The downgrade follows the completion of Yell's restructuring
through a debt-for-equity swap and a reduction in its outstanding
GBP214 million senior secured notes.
On March 30, 2022, Owl Finance Ltd., the parent company of digital
marketing and online directory company Yell, announced that it had
completed a restructuring; reduced the principal amount of its
outstanding GBP214 million senior secured notes to GBP65 million;
amended the notes' terms; and exchanged the remaining GBP149
million of the notes for 95% of the equity in its parent company,
Yell Holdco Ltd.
S&P said, "We view the transaction as distressed and tantamount to
a default in line with our criteria. Yell has reduced the principal
amount of its outstanding GBP214 million senior secured notes due
2023 to GBP65 million, amended the terms, and extended the maturity
of the notes to 2027. It has exchanged the remaining GBP149 million
of notes for 95% of the equity in its parent company, Yell Holdco.
In our view, the noteholders have received less than they were
originally promised, and absent the transaction, the company would
have faced a conventional default. We also understand that Yell did
not make the coupon payment due on the GBP214 million notes on
March 15, 2022. At the same time, the company has cancelled its
undrawn GBP25 million revolving credit facility. The completion of
the transaction will reduce Yell's gross debt, restore its
financial flexibility, and preserve liquidity.
"We subsequently withdrew our ratings on Owl Finance and its debt
at the company's request."
SANDWELL COMMERCIAL NO. 2: S&P Cuts Cl. C Notes Rating to 'CC(sf)'
------------------------------------------------------------------
S&P Global Ratings lowered to 'CC (sf)' from 'B- (sf)' its credit
rating on Sandwell Commercial Finance No. 2 PLC's class C notes. At
the same time, S&P affirmed its 'D (sf)' ratings on the class D and
E notes.
In this transaction, principal losses are not directly applied
reverse sequentially toward the notes' redemption, but instead
accrue on a principal deficiency ledger (PDL).
At the March 2022 interest payment date, the allocation of
principal deficiency amounts to the class D PDL have increased.
This is due to a loan on the servicer's watchlist being resolved
and principal losses resulting from this loan.
The properties securing the remaining GBP3.13 million loan on the
servicer's watchlist, which was originally secured on a portfolio
of four retail units, have all been sold at auction. The properties
were sold individually, rather than as a portfolio, for a total of
GBP455,000. The principal losses for this loan are likely to be
applied to the PDL in September 2022, once the workout has been
finalized. The principal loss will be applied to the class C and D
notes.
S&P's ratings on Sandwell Commercial Finance No. 2's notes address
timely payment of interest and repayment of principal not later
than the September 2037 legal maturity date.
S&P said, "Given the application of PDL amounts, which will be
applied to the class C notes in the near future, we believe the
likelihood of default to be virtually certain. We have therefore
lowered to 'CC (sf)' from 'B- (sf)' our rating on the class C
notes, in line with our criteria for assigning 'CCC' category
ratings.
"We have also affirmed our 'D (sf)' ratings on the class D and E
notes in line with our criteria."
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week April 4 to April 8, 2022
-------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Yandex NV 0.750 03/03/2025 USD 43.000
Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 43.500
Gazprom PJSC Via Gaz 3.12511/17/2023 EUR
Lukoil Securities BV 3.875 05/06/2030 USD 56.000
Gazprom PJSC Via Gaz 5.150 02/11/2026 USD 41.250
Gazprom PJSC Via Gaz 1.450 03/06/2023 CHF 20.002
Sberbank of Russia V 5.12510/29/2022 USD 8.000
Vnesheconombank Via 6.80011/22/2025 USD 33.500
VTB Bank PJSC Via VT 9.500 USD 16.000
VEON Holdings BV 3.37511/25/2027 USD 58.550
Gazprom PJSC Via Gaz 4.950 7/19/2022 USD 41.000
Gazprom PJSC Via Gaz 2.25011/22/2024 EUR 35.000
Gazprom PJSC Via Gaz 4.250 04/06/2024 GBP 20.001
VTB Bank OJSC Via VT 6.95010/17/2022 USD 89.900
Lukoil Capital DAC 3.60010/26/2031 USD 55.000
Lukoil International 4.750 11/02/2026 USD 59.750
Gazprom PJSC Via Gaz 2.500 3/21/2026 EUR 32.730
Russian Railways Via 4.600 03/06/2023 EUR 10.000
Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 45.000
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 38.000
Aragvi Finance Inter 8.450 4/29/2026 USD 63.131
Metinvest BV 8.500 4/23/2026 USD 48.125
Russian Foreign Bond 2.875 12/04/2025 EUR 15.000
Gazprom PJSC Via Gaz 4.364 3/21/2025 EUR 32.498
Vnesheconombank Via 5.94211/21/2023 USD 33.500
Gazprom PJSC via Gaz 4.599 USD 6.000
Kernel Holding SA 6.50010/17/2024 USD 47.427
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 40.000
Metinvest BV 7.75010/17/2029 USD 49.125
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 37.000
Russian Railways Via 2.100 10/02/2023 CHF 9.660
Gazprom PJSC via Gaz 1.540 6/30/2027 CHF 30.000
MHP SE 7.750 05/10/2024 USD 45.395
Lukoil Capital DAC 2.800 4/26/2027 USD 59.000
Sberbank of Russia V 5.250 5/23/2023 USD 100.475
Gazprom PJSC via Gaz 3.000 6/29/2027 USD 39.000
VEON Holdings BV 4.000 04/09/2025 USD 60.484
Gazprom PJSC Via Gaz 4.950 02/06/2028 USD 40.000
MHP Lux SA 6.950 04/03/2026 USD 44.426
Russian Railways Via 3.125 CHF 14.000
Gunvor Group Ltd 6.250 9/30/2026 USD 70.812
Metinvest BV 5.625 6/17/2025 EUR 44.993
Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 38.000
Gazprom Neft OAO Via 4.375 9/19/2022 USD 25.958
Russian Railways Via 5.700 04/05/2022 USD 9.000
Lukoil International 6.656 06/07/2022 USD 70.000
Russian Railways Via 7.487 3/25/2031 GBP 10.004
Pro-Gest SpA 3.25012/15/2024 EUR 74.625
Evraz PLC 5.375 3/20/2023 USD 35.234
Kernel Holding SA 6.75010/27/2027 USD 47.639
VEON Holdings BV 7.250 4/26/2023 USD 65.040
Credit Bank of Mosco 3.100 1/21/2026 EUR 5.000
Ozon Holdings PLC 1.875 2/24/2026 USD 73.313
MMC Norilsk Nickel O 2.550 09/11/2025 USD 60.500
Frigoglass Finance B 6.875 02/12/2025 EUR 64.975
Tinkoff Bank JSC Via 6.000 USD 20.000
Novolipetsk Steel Vi 4.700 5/30/2026 USD 35.510
NAK Naftogaz Ukraine 7.125 7/19/2024 EUR 25.000
MHP Lux SA 6.250 9/19/2029 USD 43.928
MMC Norilsk Nickel O 2.80010/27/2026 USD 60.500
ALROSA Finance SA 4.650 04/09/2024 USD 24.000
Vnesheconombank Via 6.025 07/05/2022 USD 42.500
Evraz PLC 5.250 04/02/2024 USD 67.500
Gtlk Europe Capital 4.349 2/27/2029 USD 15.302
Severstal OAO Via St 3.150 9/16/2024 USD 12.500
ALROSA Finance SA 3.100 6/25/2027 USD 17.375
Phosagro OAO Via Pho 3.050 1/23/2025 USD 22.750
Mitsubishi UFJ Inves 3.97112/15/2050 EUR 36.766
VF Ukraine PAT via V 6.200 02/11/2025 USD 43.576
MMC Norilsk Nickel O 4.100 04/11/2023 USD 64.000
Metinvest BV 7.650 10/01/2027 USD 49.042
Russian Railways Via 4.375 03/01/2024 USD 15.123
Polyus Finance PLC 3.25010/14/2028 USD 78.314
Russian Railways Via 0.840 03/12/2026 CHF 15.050
Dtek Renewables Fina 8.500 11/12/2024 EUR 30.326
Russian Railways Via 0.898 10/03/2025 CHF 15.500
Credit Bank of Mosco 3.875 9/21/2026 USD 10.000
Gazprom Neft OAO Via 6.00011/27/2023 USD 21.025
Phosagro OAO Via Pho 2.600 9/16/2028 USD 20.250
Banca Monte dei Pasc 5.375 1/18/2028 EUR 65.244
Metalloinvest Financ 3.37510/22/2028 USD 91.470
NAK Naftogaz Ukraine 7.625 11/08/2026 USD 24.304
Gtlk Europe Capital 4.650 03/10/2027 USD 14.500
NPC Ukrenergo 6.875 11/09/2026 USD 32.269
Eurotorg LLC Via Bon 9.00010/22/2025 USD 36.410
GTLK Europe DAC 5.125 5/31/2024 USD 9.000
Credit Bank of Mosco 5.150 2/20/2024 EUR
Novatek OAO Via Nova 4.42212/13/2022 USD 40.000
Credit Bank of Mosco 4.700 1/29/2025 USD 10.250
Credit Bank of Mosco 7.500 10/05/2027 USD 90.781
NGD Holdings BV 6.75012/31/2026 USD 26.028
Ukraine Railways Via 8.250 07/09/2024 USD 86.970
VTB Bank OJSC Via VT 4.07310/24/2024 CHF 15.000
Standard Profil Auto 6.250 4/30/2026 EUR 72.515
Boparan Finance PLC 7.62511/30/2025 GBP 69.286
Eurochem Finance DAC 5.500 3/13/2024 USD 28.750
Alfa Bank AO Via Alf 5.950 4/15/2030 USD 10.000
VEON Holdings BV 4.950 6/16/2024 USD 61.882
Metinvest BV 7.750 4/23/2023 USD 49.125
Phosagro OAO Via Pho 3.949 4/24/2023 USD 22.000
State Agency of Road 6.250 6/24/2028 USD 30.834
Gtlk Europe Capital 4.800 2/26/2028 USD 14.500
VEON Holdings BV 3.37511/25/2027 USD 59.784
VEON Holdings BV 5.950 2/13/2023 USD 59.123
NAK Naftogaz Ukraine 7.375 7/19/2022 USD 26.534
Aggregate Holdings S 6.875 11/09/2025 EUR 43.067
Severstal OAO Via St 5.90010/17/2022 USD 13.000
MMC Norilsk Nickel O 6.62510/14/2022 USD 38.500
Russian Federal Bond 7.250 05/10/2034 RUB 70.299
MMK International Ca 4.375 6/13/2024 USD 32.000
Banca Monte dei Pasc 10.500 7/23/2029 EUR 73.758
Credit Bank of Mosco 7.625 USD 75.535
Gtlk Europe Capital 5.950 4/17/2025 USD 14.500
Global Fashion Group 1.250 3/15/2028 EUR 69.140
Credit Bank of Mosco 8.875 USD 93.750
Russian Agricultural 8.50010/16/2023 USD 101.000
Russian Railways Via 1.195 04/03/2028 CHF 14.150
Gtlk Europe Capital 4.949 2/18/2026 USD 11.250
Lukoil Capital DAC 3.60010/26/2031 USD 55.000
Haya Real Estate SA 5.25011/15/2022 EUR 69.357
Credit Bank of Mosco 5.550 2/14/2023 USD 99.000
Casino Guichard Perr 3.992 EUR 47.500
Sovcombank Via SovCo 7.600 USD 5.000
Interpipe Holdings P 8.375 5/13/2026 USD 31.242
Casino Guichard Perr 1.413 EUR 27.511
Ukraine Railways Via 7.875 7/15/2026 USD 78.000
Novolipetsk Steel Vi 4.500 6/15/2023 USD 40.000
Intelsat Jackson Hol 5.500 08/01/2023 USD 42.750
PIK Securities DAC 5.62511/19/2026 USD 94.327
Polyus Finance PLC 4.699 3/28/2022 USD 41.057
Russian Foreign Bond 5.250 6/23/2047 USD 25.000
Korian SA 0.875 03/06/2027 EUR 50.327
Alfa Bank AO Via Alf 6.950 USD 101.170
Serbia International 2.050 9/23/2036 EUR 76.508
Ukreximbank Via Biz 9.750 1/22/2025 USD 94.400
Mobile Telesystems O 5.000 5/30/2023 USD 15.000
Novolipetsk Steel Vi 4.000 9/21/2024 USD 40.500
Intelsat Jackson Hol 8.50010/15/2024 USD 45.500
Lukoil Securities BV 3.875 05/06/2030 USD 58.000
ABH Financial Ltd Vi 2.700 06/11/2023 EUR 4.971
Ekosem-Agrar AG 7.500 08/01/2024 EUR 26.850
Lukoil Capital DAC 2.800 4/26/2027 USD 58.000
Sibur Securities DAC 2.950 07/08/2025 USD 20.050
Teva Pharmaceutical 4.100 10/01/2046 USD 75.694
Ekosem-Agrar AG 8.500 12/07/2022 EUR 30.921
Credit Bank of Mosco 7.121 6/25/2024 USD 99.537
Rusal Capital DAC 4.850 02/01/2023 USD 30.461
Korian SA 1.875 EUR 37.088
ABH Financial Ltd Vi 2.875 11/09/2022 CHF 27.500
Sibur Securities DAC 3.450 9/23/2024 USD 35.000
Intelsat Jackson Hol 9.750 7/15/2025 USD 44.500
Polyus Finance PLC 5.250 02/07/2023 USD 99.990
Accor SA 0.700 12/07/2027 EUR 48.382
United Kingdom Gilt 0.50010/22/2061 GBP 67.973
Russian Foreign Bond 12.750 6/24/2028 USD 30.023
VEON Holdings BV 4.000 04/09/2025 USD 60.384
Lukoil International 4.563 4/24/2023 USD 62.750
Prosus NV 3.832 02/08/2051 USD 76.590
SCF Capital Designat 5.375 6/16/2023 USD 15.329
Sovcombank Via SovCo 7.750 USD 4.609
Rusal Capital DAC 5.300 05/03/2023 USD 101.050
Ukreximbank Via Biz 9.625 4/27/2022 USD 27.979
Hungary Government B 2.250 4/20/2033 HUF 71.447
Suek Securities DAC 3.375 9/15/2026 USD 17.702
State of North Rhine 0.950 01/10/2121 EUR 65.143
Cardea Europe AG 7.250 12/08/2023 EUR 51.938
Polyus Finance PLC 4.700 1/29/2024 USD 99.305
Banca Monte dei Pasc 8.000 1/22/2030 EUR 69.049
Delivery Hero SE 2.125 03/10/2029 EUR 67.608
Russian Foreign Bond 5.875 9/16/2043 USD 39.667
Celtic Resources Hol 4.125 10/09/2024 USD 30.000
Paragon GmbH & Co KG 4.500 07/05/2027 EUR 58.834
Uralkali OJSC Via Ur 4.00010/22/2024 USD 19.000
Voltalia SA 1.000 1/13/2025 EUR 30.087
TMK OAO Via TMK Capi 4.300 02/12/2027 USD 91.875
BAT International Fi 2.250 09/09/2052 GBP 57.416
MorphoSys AG 0.62510/16/2025 EUR 74.133
Ukreximbank Via Biz 9.95011/14/2029 USD 23.244
Czech Republic Gover 1.500 4/24/2040 CZK 71.330
Russian Foreign Bond 5.625 04/04/2042 USD 39.667
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 38.000
Rallye SA 4.000 2/28/2030 EUR 16.500
Banca Monte dei Pasc 8.500 09/10/2030 EUR 69.853
Ukraine Government I 7.750 09/01/2022 USD 49.294
Quadient SA 3.375 EUR 58.023
Lithuania Government 0.750 7/15/2051 EUR 72.001
Vonovia SE 1.625 09/01/2051 EUR 74.591
Air France-KLM 0.125 3/25/2026 EUR 15.964
Metro Bank PLC 5.500 6/26/2028 GBP 63.444
Mallinckrodt Interna 5.750 08/01/2022 USD 49.250
Russian Foreign Bond 4.750 5/27/2026 USD 24.090
Neoen SA 2.000 06/02/2025 EUR 52.722
Sibur Securities DAC 4.125 10/05/2023 USD 26.208
Maisons du Monde SA 0.125 12/06/2023 EUR 47.182
Delivery Hero SE 1.500 1/15/2028 EUR 69.460
Gazprom PJSC Via Gaz 4.950 7/19/2022 USD 100.020
Biocartis Group NV 4.000 05/09/2024 EUR 71.913
Russian Federal Bond 7.000 7/30/2036 RUB 68.490
Gazprom PJSC Via Gaz 4.950 02/06/2028 USD 19.000
VEON Holdings BV 7.250 4/26/2023 USD 65.218
Union Fenosa Prefere 1.067 EUR 68.833
Carnival PLC 1.00010/28/2029 EUR 72.765
Rallye SA 4.371 1/23/2023 EUR 13.197
Metinvest BV 7.75010/17/2029 USD 45.000
Kernel Holding SA 6.50010/17/2024 USD 48.114
Paragon GmbH & Co KG 4.000 4/23/2023 CHF 70.200
VEON Holdings BV 5.950 2/13/2023 USD 59.418
Deutsche Bahn Financ 0.625 12/08/2050 EUR 74.705
Gazprom PJSC via Gaz 4.599 USD 100.000
Moby SpA 7.750 2/15/2023 EUR 65.566
Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 132.555
Arrival SA 3.500 12/01/2026 USD 61.875
Gazprom PJSC Via Gaz 5.150 02/11/2026 USD 23.167
MHP Lux SA 6.250 9/19/2029 USD 43.782
Wirecard AG 0.500 09/11/2024 EUR 11.114
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 39.536
DNB Bank ASA 0.954 USD 71.104
Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 22.000
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 22.500
Econocom Group SA/NV 0.500 03/06/2023 EUR 7.907
MHP SE 7.750 05/10/2024 USD 44.202
Haya Real Estate SA 5.12511/15/2022 EUR 69.696
Turkey Government Bo 12.600 10/01/2025 TRY 71.800
Kernel Holding SA 6.75010/27/2027 USD 47.632
VEON Holdings BV 4.950 6/16/2024 USD 60.970
Pierre Et Vacances S 2.000 04/01/2023 EUR 27.640
Metinvest BV 8.500 4/23/2026 USD 49.500
Metinvest BV 7.650 10/01/2027 USD 48.925
VF Ukraine PAT via V 6.200 02/11/2025 USD 39.747
MHP Lux SA 6.950 04/03/2026 USD 46.249
Ukraine Government B 9.790 5/26/2027 UAH 56.652
NPC Ukrenergo 6.875 11/09/2026 USD 32.814
Fuerstenberg Capital 5.625 EUR 54.440
HOCHDORF Holding AG 2.500 CHF 44.537
Nexity SA 0.250 03/02/2025 EUR 62.614
Odea Bank AS 7.625 08/01/2027 USD 75.961
Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 26.093
Neoen SA 1.875 10/07/2024 EUR 43.112
DNB Bank ASA 0.929 USD 70.350
Metinvest BV 7.750 4/23/2023 USD 45.419
PB International BV 7.62512/31/2025 USD 52.250
Mallinckrodt Interna 5.62510/15/2023 USD 48.750
Turkey Government Bo 10.600 02/11/2026 TRY 65.200
Offshore Drilling Ho 8.375 9/20/2020 USD 5.000
Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 24.625
PIK Securities DAC 5.62511/19/2026 USD 18.745
AstraZeneca PLC 2.125 08/06/2050 USD 76.034
DNB Bank ASA 0.758 USD 70.510
Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 93.000
Ukraine Government I 7.750 09/01/2026 USD 37.500
Aragvi Finance Inter 8.450 4/29/2026 USD 62.873
SRV Group Oyj 4.875 3/27/2025 EUR 70.268
Ukraine Government I 7.750 09/01/2023 USD 47.500
Turkey Government Bo 8.000 03/12/2025 TRY 65.350
Gazprom PJSC Via Gaz 3.12511/17/2023 EUR
NAK Naftogaz Ukraine 7.625 11/08/2026 USD 25.120
BAT International Fi 4.00011/23/2055 GBP 74.576
Ukraine Government I 7.750 09/01/2027 USD 36.406
Intu Debenture PLC 5.56212/31/2027 GBP 40.700
Wellcome Trust Ltd/T 1.500 7/14/2071 GBP 74.375
Rallye SA 3.250 02/08/2024 CHF 13.328
Aggregate Holdings S 5.500 5/17/2024 EUR 43.476
Celtic Resources Hol 4.125 10/09/2024 USD 29.996
Scandinavian Airline 0.625 CHF 19.251
Polyus Finance PLC 3.25010/14/2028 USD 25.000
Rallye SA 5.250 02/01/2022 EUR 17.189
Senvion Holding GmbH 3.87510/25/2022 EUR 0.177
Shell International 1.750 09/10/2052 GBP 69.852
Andrade Gutierrez In 9.50012/30/2024 USD 53.000
Republic of Belarus 6.378 2/24/2031 USD 9.333
Mallinckrodt Interna 4.750 4/15/2023 USD 41.000
Northern Powergrid N 1.875 6/16/2062 GBP 75.434
Officine Maccaferri- 5.750 06/01/2021 EUR 16.395
Privatbank CJSC Via 10.250 1/23/2018 USD 4.000
State Agency of Road 6.250 6/24/2028 USD 23.070
City of Kyiv Via PBR 7.50012/15/2022 USD 30.665
Deutsche Lichtmiete 5.250 09/01/2025 EUR 11.000
Republic of Belarus 5.875 2/24/2026 USD 9.667
FIGEAC-AERO 1.12510/18/2022 EUR 22.925
Interpipe Holdings P 8.375 5/13/2026 USD 28.866
Turkey Government Bo 10.500 08/11/2027 TRY 58.000
Republic of Belarus 7.625 6/29/2027 USD 10.100
Societe Du Grand Par 1.000 2/18/2070 EUR 74.846
Metinvest BV 5.625 6/17/2025 EUR 45.000
Hungary Government B 2.250 6/22/2034 HUF 68.837
Mallinckrodt Interna 5.500 4/15/2025 USD 51.000
Slovenia Government 0.688 03/03/2081 EUR 60.903
Deutsche Lichtmiete 5.750 01/01/2023 EUR 5.000
EFG International AG 0.551 EUR 96.402
Rallye SA 3.400 1/31/2022 EUR 13.666
Thomas Cook Group PL 6.250 6/15/2022 EUR 0.510
European Financial S 0.050 1/18/2052 EUR 73.333
Ukreximbank Via Biz 9.625 4/27/2022 USD 27.979
Prosus NV 3.832 02/08/2051 USD 76.592
PREOS Global Office 7.500 12/09/2024 EUR 58.580
Turkey Government Bo 9.000 7/24/2024 TRY 72.950
Vonovia Finance BV 1.000 1/28/2041 EUR 72.579
Debenhams PLC 5.250 7/15/2021 GBP 0.500
Deutsche Lichtmiete 5.250 02/01/2027 EUR 9.001
Societe Du Grand Par 0.70010/15/2060 EUR 71.881
BAT International Fi 2.000 3/13/2045 EUR 73.826
DOF Subsea AS 9.11011/27/2023 NOK 35.000
Avangardco Investmen 10.00010/29/2018 USD 0.348
Air Berlin PLC 8.250 4/19/2018 EUR 0.783
Eurotorg LLC Via Bon 9.00010/22/2025 USD 100.750
Ukreximbank Via Biz 7.623 02/09/2023 USD 21.265
DOF Subsea AS 9.500 4/30/2022 USD 35.145
Russian Foreign Bond 5.250 6/23/2047 USD 22.000
EYEMAXX Real Estate 5.500 4/26/2023 EUR 3.373
Deutsche Lichtmiete 5.750 12/01/2023 EUR 10.000
Air Berlin PLC 6.750 05/09/2019 EUR 0.502
Koninklijke Luchtvaa 0.750 CHF 20.500
Bank Gospodarstwa Kr 2.250 7/21/2033 PLN 71.700
Nexity SA 0.875 4/19/2028 EUR 52.580
Ukreximbank Via Biz 9.750 1/22/2025 USD 24.464
Hellenic Bank PCL 10.000 EUR 57.222
Banco Espirito Santo 7.12511/28/2023 EUR 0.391
Basque Government 1.37510/31/2070 EUR 67.676
Development Bank of 6.750 05/02/2024 USD 10.276
Yell Bondco PLC 8.500 05/02/2023 GBP 60.177
Mitsubishi UFJ Inves 3.68712/30/2099 EUR 5.000
Rallye SA 4.00011/23/2020 CHF 11.863
Travelex Financing P 8.000 5/15/2022 EUR 1.833
Flagship Finance PLC 1.875 7/14/2061 GBP 76.637
Stichting Afwikkelin 6.25010/26/2020 EUR 5.375
Ziton A/S 7.900 10/03/2022 EUR 69.750
UkrLandFarming PLC 10.875 3/26/2018 USD 1.524
Fuerstenberg Capital 1.020 EUR 54.405
EYEMAXX Real Estate 5.500 7/22/2025 EUR 75.000
Ukraine Government B 12.520 5/13/2026 UAH 67.509
EA Partners II BV 6.750 06/01/2021 USD 0.612
Russian Federal Bond 6.900 7/23/2031 RUB 72.402
Societe Nationale SN 1.000 1/19/2061 EUR 72.759
Boparan Finance PLC 7.62511/30/2025 GBP 68.500
Turkey Government In 5.750 05/11/2047 USD 72.486
Stichting Afwikkelin 11.250 EUR 0.502
M Objekt Real Estate 6.000 7/22/2024 EUR 59.123
FF Group Finance Lux 1.750 07/03/2019 EUR 3.353
Ukraine Government I 12.520 5/13/2026 UAH 67.509
Dexia Credit Local S 1.206 EUR 3.089
SAS AB 4.377 SEK 28.916
Norddeutsche Landesb 7.490 EUR 60.503
REM Saltire Holding 7.00012/31/2024 NOK 53.371
City of Bern Switzer 0.040 10/02/2070 CHF 67.495
Bank Gospodarstwa Kr 2.37511/27/2040 PLN 63.770
Russian Foreign Bond 4.750 5/27/2026 USD 22.838
Allied Irish Banks P 12.500 6/25/2035 GBP 59.599
Immigon Portfolioabb 5.772 EUR 11.630
Thomas Cook Finance 3.875 7/15/2023 EUR 0.522
Hyde Housing Associa 1.750 8/18/2055 GBP 74.456
Lehman Brothers UK C 5.125 EUR 35.000
Rickmers Holding AG 8.875 06/11/2018 EUR 0.635
OGX Austria GmbH 8.375 04/01/2022 USD 0.003
LSF9 Balta Issuer SA 3.00012/31/2030 EUR 71.843
Virgolino de Oliveir 11.750 02/09/2022 USD 0.500
TF Bank AB 6.178 SEK 51.561
Ukraine Government I 9.790 5/26/2027 UAH 56.652
Genfit 3.50010/16/2025 EUR 25.571
Praktiker AG 5.875 02/10/2016 EUR 0.069
Haya Real Estate SA 5.25011/15/2022 EUR 70.094
Pro-Gest SpA 3.25012/15/2024 EUR 74.710
Boparan Finance PLC 7.62511/30/2025 GBP 68.179
Autonomous Community 2.965 09/08/2039 JPY 67.612
Agrokor dd 9.875 05/01/2019 EUR 15.000
Barclays Bank PLC 12.000 9/24/2025 TRY 55.976
Barclays Bank PLC 1.268 3/28/2034 USD 71.094
Galapagos Holding SA 7.000 6/15/2022 EUR 0.001
Hylea Group SA 7.250 12/01/2022 EUR 4.600
Hellenic Republic Go 2.085 7/25/2057 EUR 42.455
Pentracor GmbH 8.500 5/29/2025 EUR 17.000
National Grid Gas PL 1.625 1/14/2043 GBP 72.850
Claranova SE 5.000 07/01/2023 EUR 1.000
Privatbank CJSC Via 11.000 02/09/2021 USD 1.000
Platform HG Financin 1.625 08/10/2055 GBP 73.949
niiio finance group 4.000 5/31/2026 EUR 35.000
Standard Profil Auto 6.250 4/30/2026 EUR 72.443
FF Group Finance Lux 3.250 11/02/2021 CHF 6.141
Ukraine Government I 7.253 3/15/2033 USD 34.933
Elli Finance UK PLC 8.750 6/15/2019 GBP 65.125
EA Partners I BV 6.875 9/28/2020 USD 0.814
Rallye SA 1.000 10/02/2020 EUR 21.785
WD Invest Sarl 1.900 10/02/2024 EUR 11.205
Serbia International 2.050 9/23/2036 EUR 76.566
Dtek Renewables Fina 8.500 11/12/2024 EUR 30.326
Barclays Bank PLC 1.092 7/28/2034 USD 69.250
Credit Bank of Mosco 7.625 USD 74.883
Lloyds Bank PLC 1.376 07/05/2033 USD 66.134
OGX Austria GmbH 8.500 06/01/2018 USD 0.002
AK BARS Bank Via AK 8.000 7/13/2022 USD 25.000
Santhera Pharmaceuti 7.500 8/17/2024 CHF 75.643
Yuksel Insaat AS 9.500 11/10/2015 USD 0.100
EOS Imaging SA 6.000 5/31/2023 EUR 7.250
Bank Nadra Via NDR F 8.250 7/31/2018 USD 0.208
Alno AG 8.500 5/14/2018 EUR 17.676
Espirito Santo Finan 6.87510/21/2019 EUR 0.244
Cirio Finance Luxemb 7.500 11/03/2002 EUR 1.920
Veneto Banca SpA 9.878 12/01/2025 EUR 0.571
Lehman Brothers UK C 3.875 EUR 35.000
Frigoglass Finance B 6.875 02/12/2025 EUR 65.792
Nordiska Kreditmarkn 8.750 SEK 74.825
Hellas Telecommunica 6.054 1/15/2015 USD 0.001
Intelsat Jackson Hol 8.50010/15/2024 USD 44.504
Cirio Holding Luxemb 6.250 2/16/2004 EUR 0.723
Hamon & CIE SA 3.300 1/31/2035 EUR 46.000
Ghelamco Invest 4.500 5/23/2022 EUR 40.010
Lloyds Bank PLC 1.836 4/25/2034 USD 74.727
Ukraine Government I 12.520 5/13/2026 UAH 67.509
Del Monte Finance Lu 6.625 5/24/2006 EUR 4.337
Tresu Investment Hol 5.000 02/02/2025 EUR 48.796
Andrade Gutierrez In 11.000 8/20/2021 USD 57.167
City of Lugano Switz 0.15011/28/2070 CHF 69.952
Cooperatieve Raboban 0.50010/29/2027 MXN 61.340
State Savings Bank o 7.293 1/19/2024 USD 28.000
LBI ehf 6.100 8/25/2011 USD 10.631
Bourbon Corp 8.305 EUR 0.596
Norwegian Air Shuttl 5.000 02/07/2023 SEK 41.500
Alitalia-Societa Aer 5.250 7/30/2020 EUR 0.100
Norske Skogindustrie 7.00012/30/2026 EUR 0.010
Barclays Bank PLC 1.44410/30/2034 USD 73.618
Banco Espirito Santo 2.163 EUR 0.144
Ukraine Government I 7.375 9/25/2032 USD 34.917
Virgolino de Oliveir 10.500 1/28/2018 USD 0.455
Ukraine Government B 3.700 7/14/2022 USD 75.833
Banco Espirito Santo 6.900 6/28/2024 EUR 24.474
Swissgrid AG 0.050 6/30/2050 CHF 73.122
German Pellets GmbH 7.25011/27/2019 EUR 1.859
Air Berlin PLC 5.625 05/09/2019 CHF 0.503
Lloyds Bank PLC 0.444 7/29/2033 USD 66.543
Espirito Santo Finan 3.125 12/02/2018 EUR 0.287
Russian Foreign Bond 4.250 6/23/2027 USD 25.000
Agrokor dd 8.875 02/01/2020 USD 15.000
Verimatrix SA 6.000 6/29/2022 EUR 3.809
Phosphorus Holdco PL 10.000 04/01/2019 GBP 1.500
Bilt Paper BV 10.360 USD 1.071
Mallinckrodt Interna 5.750 08/01/2022 USD 48.875
Ukraine Government I 7.750 09/01/2026 USD 37.659
Havila Shipping ASA 5.460 01/02/2025 NOK 25.673
Orpea SA 3.00011/25/2041 EUR 73.031
Banco Santander SA 1.909 EUR 1.676
VPV Lebensversicheru 3.477 8/17/2026 EUR 69.471
Lithuania Government 0.500 7/28/2050 EUR 69.371
Russian Foreign Bond 5.100 3/28/2035 USD 16.000
Cirio Finanziaria Sp 8.00012/21/2005 EUR 0.777
City of Lausanne Swi 0.050 9/28/2054 CHF 73.350
Ukraine Government B 3.900 10/05/2023 USD 39.799
Haya Real Estate SA 5.12511/15/2022 EUR 70.023
Banco Espirito Santo 2.343 EUR 0.294
Andrade Gutierrez In 9.50012/30/2024 USD 53.250
Lloyds Bank PLC 1.197 7/26/2033 USD 72.632
ESFIL-Espirito Santo 5.250 06/12/2015 EUR 0.111
EDOB Abwicklungs AG 7.500 04/01/2012 EUR 2.816
Kommunekredit 0.500 7/30/2027 TRY 20.128
Gazprom Neft PJSC 7.150 12/07/2029 RUB 71.980
Russian Foreign Bond 5.625 04/04/2042 USD 40.667
Dexia SA 1.230 EUR 2.980
Portugal Telecom Int 6.250 7/26/2016 EUR 0.285
Ukraine Government B 3.700 4/27/2023 USD 49.209
Intelsat Jackson Hol 9.750 7/15/2025 USD 43.604
Ukraine Government I 9.790 5/26/2027 UAH 56.652
Privatbank CJSC Via 10.875 2/28/2018 USD 8.000
Barclays Bank PLC 5.000 11/01/2029 BRL 61.167
Ukraine Government B 8.750 2/16/2033 UAH 47.916
Region Wallonne Belg 1.135 10/10/2069 EUR 75.056
Espirito Santo Finan 9.75012/19/2025 EUR 0.287
Jain International T 7.125 02/01/2022 USD 21.017
Bank Vontobel AG 15.000 11/07/2022 EUR 58.100
KTG Agrar SE 7.125 06/06/2017 EUR 1.860
Transports Publics D 0.45012/29/2056 CHF 74.765
EYEMAXX Real Estate 5.500 9/24/2024 EUR 3.847
Mallinckrodt Interna 5.62510/15/2023 USD 48.693
Corporate Commercial 8.250 08/08/2014 USD 0.308
Jain International T 7.125 3/31/2026 USD 28.000
Windreich GmbH 6.500 7/15/2016 EUR 4.475
Norwegian Air Shuttl 6.37511/15/2024 USD 47.497
Solarworld AG 9.691 2/24/2019 EUR 20.875
Cooperatieve Raboban 0.500 7/30/2043 MXN 12.976
Russian Federal Bond 6.700 3/14/2029 RUB 72.999
Mallinckrodt Interna 5.500 4/15/2025 USD 49.405
Senivita Social Esta 4.000 05/12/2025 EUR 6.510
Finmek International 7.000 12/03/2004 EUR 2.193
Societe Centrale des 2.500 5/15/2023 EUR 6.880
Fuerstenberg Capital 1.609 EUR 58.241
New World Resources 8.000 04/07/2020 EUR 0.506
Ukraine Government B 3.70012/22/2022 USD 60.471
Windreich GmbH 6.500 03/01/2015 EUR 4.475
Barclays Bank PLC 1.089 9/29/2034 USD 65.411
Banca Popolare di Vi 9.500 9/29/2025 EUR 0.049
City of Kyiv Via PBR 7.50012/15/2022 USD 30.665
Norske Skog Holding 8.000 2/24/2021 EUR 0.006
Ukraine Government B 3.890 02/02/2023 USD 56.395
Joh Friedrich Behren 6.250 6/18/2024 EUR 29.301
MS Deutschland Betei 6.87512/18/2017 EUR 0.620
Cirio Del Monte NV 7.750 3/14/2005 EUR 0.363
Lehman Brothers UK C 5.750 EUR 7.000
International Financ 0.500 6/29/2027 ZAR 63.997
Enertronica Santerno 7.00012/31/2022 EUR 68.450
Single Platform Inve 0.363 2/15/2041 EUR 72.091
Region Wallonne Belg 1.225 09/02/2120 EUR 71.848
Finance and Credit B 9.250 1/25/2019 USD 0.141
Sidetur Finance BV 10.000 4/20/2016 USD 0.770
Lehman Brothers UK C 6.900 USD 3.986
Raiffeisen Schweiz G 4.800 04/07/2022 EUR 54.010
Island Offshore Ship 6.230 6/30/2022 NOK 4.543
CBo Territoria 3.750 07/01/2024 EUR 4.710
Landesbank Baden-Wue 4.050 3/24/2023 EUR 39.450
BBI Development SA 11.610 2/22/2023 PLN 0.010
Barclays Bank PLC 0.652 4/19/2033 USD 67.612
Offshore Drilling Ho 8.375 9/20/2020 USD 5.000
Region de Bruxelles- 0.592 12/10/2061 EUR 67.964
Banca Popolare di Vi 2.82112/20/2017 EUR 0.100
Sairgroup Finance BV 4.375 06/08/2006 EUR 1.568
Kairos Global Soluti 1.900 07/03/2035 USD 72.236
Grupo Isolux Corsan 1.00012/30/2021 EUR 0.011
Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 27.187
Basque Government 1.00010/31/2050 EUR 74.358
Irish Bank Resolutio 0.566 6/21/2016 EUR 0.500
Ukraine Government B 3.900 3/30/2023 USD 51.459
VTB Bank PJSC 7.600 04/02/2031 RUB 75.000
Green City Energy Kr 4.00012/30/2026 EUR 10.010
Cooperatieve Raboban 0.50010/30/2043 MXN 12.511
Hellas Telecommunica 8.50010/15/2013 EUR 0.834
Kingdom of Belgium G 0.459 7/23/2079 EUR 61.590
Banco Espirito Santo 6.875 7/15/2016 EUR 24.500
Mriya Agro Holding P 10.950 3/30/2016 USD 4.667
Norske Skogindustrie 2.00012/30/2115 EUR 0.113
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Saleza AS 9.000 07/12/2021 EUR 0.203
CRC Breeze Finance S 6.110 05/08/2026 EUR 31.538
Republic of Ireland 0.74011/27/2120 EUR 64.273
Erste Group Bank AG 4.50010/15/2022 EUR 63.500
Credit Suisse Intern 9.500 3/24/2026 UAH 67.720
DZ Bank AG Deutsche 16.700 3/25/2022 EUR 31.980
Ukraine Government I 7.750 09/01/2027 USD 36.777
Lloyds Bank PLC 0.352 4/26/2033 USD 67.427
Russian Foreign Bond 5.875 9/16/2043 USD 40.000
UBS AG/London 13.250 05/04/2022 USD 35.850
State Transport Leas 7.440 5/14/2035 RUB 74.810
Stichting Afwikkelin 6.625 5/14/2018 EUR 5.375
Single Platform Inve 0.815 04/01/2042 EUR 74.578
MOL Hungarian Oil & 1.900 04/12/2031 HUF 64.900
Elli Finance UK PLC 8.750 6/15/2019 GBP 65.125
KTG Agrar SE 7.25010/15/2019 EUR 1.860
Societe Generale SA 7.310 5/22/2026 USD 67.750
Ukraine Government B 8.120 11/10/2035 UAH 41.901
Havila Shipping ASA 4.710 01/02/2025 NOK 40.000
Waste Italia SpA 10.50011/15/2019 EUR 0.550
Ukreximbank Via Biz 7.623 02/09/2023 USD 21.265
Alpine Holding GmbH 6.000 5/22/2017 EUR 3.084
Republic of Belarus 7.625 6/29/2027 USD 10.000
UkrLandFarming PLC 10.875 3/26/2018 USD 1.524
Region de Bruxelles- 0.444 3/19/2057 EUR 64.015
Andrade Gutierrez In 11.000 8/20/2021 USD 57.167
Societe Nationale SN 1.280 3/27/2120 EUR 69.252
Hema Bondco II BV 8.500 1/15/2023 EUR 0.113
RUSNANO AO 6.750 12/12/2023 RUB 71.120
Danske Bank A/S 5.300 7/15/2023 SEK 40.920
DekaBank Deutsche Gi 7.650 03/10/2023 EUR 41.240
Steilmann SE 7.000 03/09/2017 EUR 1.429
Moby SpA 7.750 2/15/2023 EUR 65.566
Joh Friedrich Behren 7.750 11/11/2020 EUR 29.500
Ukraine Government B 6.000 1/28/2032 UAH 37.943
UBS AG/London 9.750 3/17/2023 CHF 45.650
Bank Otkritie Financ 0.010 7/16/2025 RUB 70.000
OGX Austria GmbH 8.375 04/01/2022 USD 0.002
Alpine Holding GmbH 5.250 07/01/2015 EUR 3.084
Ukraine Government B 9.700 03/10/2032 UAH 52.835
NTRP Via Interpipe L 10.250 08/02/2017 USD 29.500
Deutsche Bank AG 0.687 10/11/2049 EUR 55.544
Zurcher Kantonalbank 6.000 2/13/2023 CHF 70.520
Bank Otkritie Financ 0.010 9/24/2025 RUB 68.990
UBS AG/London 19.250 11/07/2022 CHF 74.350
Van Lanschot Kempen 0.843 04/04/2024 EUR 100.800
Yell Bondco PLC 8.500 05/02/2023 GBP 60.177
BASF SE 1.025 8/13/2048 JPY 74.794
Societe Generale SA 6.820 5/18/2026 USD 66.900
Kardan NV 6.325 2/21/2021 ILS 12.900
Grupo Isolux Corsan 6.00012/30/2021 EUR 0.192
City of Lausanne Swi 0.230 11/01/2060 CHF 75.825
Lloyds Bank PLC 0.256 9/29/2034 USD 73.906
New World Resources 4.000 10/07/2020 EUR 0.574
German Pellets GmbH 7.250 07/09/2018 EUR 1.859
Erste Group Bank AG 7.250 03/03/2026 EUR 54.250
Societe Generale SA 7.00011/29/2024 USD 63.100
Ministeries Van de V 0.63411/19/2060 EUR 70.445
Bulgaria Steel Finan 12.000 05/04/2013 EUR 0.216
Aralco Finance SA 10.125 05/07/2020 USD 2.910
Espirito Santo Finan 5.05011/15/2025 EUR 0.287
Kingdom of Belgium G 0.650 6/22/2071 EUR 68.377
Krakowski Bank Spold 8.020 9/20/2023 PLN 70.010
TBI Bank EAD 5.250 7/30/2031 EUR 55.916
VTB Bank PJSC 10.000 RUB 67.000
Erste Group Bank AG 4.100 4/30/2022 EUR 63.600
Turkey Government In 4.875 4/16/2043 USD 69.638
Bank Julius Baer & C 13.250 01/05/2023 USD 54.250
Golden Gate AG 6.500 10/11/2014 EUR 33.000
Norske Skogindustrie 7.12510/15/2033 USD 0.010
Mriya Agro Holding P 9.450 4/19/2018 USD 4.667
Rena GmbH 7.00012/15/2015 EUR 2.096
Russian Foreign Bond 1.85011/20/2032 EUR 15.274
Caixa Economica Mont 5.000 EUR 50.020
Agrokor dd 9.125 02/01/2020 EUR 15.000
Stichting Afwikkelin 8.450 8/20/2018 USD 5.375
Futureal Development 3.50011/16/2036 HUF 74.000
Communaute Francaise 0.886 6/22/2057 EUR 74.500
Barclays Bank PLC 0.500 1/28/2033 MXN 35.259
CB First Investment 8.000 EUR 74.830
Cattles Ltd 8.125 07/05/2017 GBP 0.027
A-TEC Industries AG 5.750 11/02/2010 EUR 0.100
Alpine Holding GmbH 5.250 06/10/2016 EUR 3.084
Societe Nationale SN 1.400 5/18/2120 EUR 74.638
Region Wallonne Belg 0.850 1/26/2071 EUR 66.575
French Republic Gove 0.500 5/25/2072 EUR 64.799
Societe Generale SA 24.000 11/08/2024 USD 66.750
Zurcher Kantonalbank 21.250 10/04/2022 CHF 66.480
BNP Paribas Emission 10.00012/22/2022 EUR 72.280
Erotik-Abwicklungsge 7.750 07/09/2019 EUR 0.779
Ukraine Government I 7.750 09/01/2025 USD 37.125
Batigere Grand Est S 1.400 8/31/2050 EUR 73.383
Rio Forte Investment 4.000 7/22/2014 EUR 4.406
Steilmann SE 6.750 6/27/2017 EUR 2.184
Ukraine Government I 4.375 1/27/2030 EUR 35.695
Deutsche Bank AG 1.725 1/16/2045 EUR 72.435
Hell Energy Magyaror 2.70012/18/2029 HUF 69.200
Intelsat Jackson Hol 9.750 7/15/2025 USD 43.604
Veragold Mining Co G 5.00012/31/2022 EUR 56.000
State of Mecklenburg 0.23911/17/2070 EUR 71.823
Senvion Holding GmbH 3.87510/25/2022 EUR 0.177
International Bank o 8.250 10/09/2024 USD 60.375
Russian Federal Bond 6.100 7/18/2035 RUB 63.966
Quintet Private Bank 3.65011/13/2023 EUR
SiC Processing GmbH 7.125 03/01/2016 EUR 2.418
Turkey Government Bo 11.70011/13/2030 TRY 53.875
AlphaNotes ETP Dac 0.010 09/09/2029 USD 66.538
Hungary Government B 3.000 4/25/2041 HUF 67.790
Deutsche Bank AG/Lon 0.34811/26/2034 USD 65.899
Barclays Bank PLC 0.956 3/28/2033 USD 70.054
Green City Energy Kr 4.75012/30/2023 EUR 10.000
BNG Bank NV 10.010 6/17/2025 TRY 52.489
Specialfastigheter S 1.280 9/20/2049 SEK 75.056
Communaute Francaise 0.782 02/08/2061 EUR 69.287
EFG International Fi 9.800 06/07/2023 USD 72.990
Credit Suisse AG/Lon 5.200 8/17/2022 USD 9.860
RUSNANO AO 6.750 3/26/2024 RUB 72.300
OGX Austria GmbH 8.500 06/01/2018 USD 0.002
Republic of Austria 0.850 6/30/2120 EUR 66.763
Ukraine Government I 9.750 11/01/2028 USD 36.622
Steilmann SE 7.000 9/23/2018 EUR 1.429
JP Morgan Structured 11.00012/30/2026 ZMW 67.712
German Pellets GmbH 7.250 04/01/2016 EUR 1.859
Republic of Belarus 6.378 2/24/2031 USD 10.000
Sberbank of Russia P 0.010 10/05/2028 RUB 70.200
Depfa Funding II LP 6.500 EUR 61.844
A-TEC Industries AG 8.75010/27/2014 EUR 0.100
Development Bank of 6.750 05/02/2024 USD 10.276
Barclays Bank PLC 0.348 5/30/2034 USD 70.956
Ahtium PLC 4.00012/16/2015 EUR 0.586
Region de Bruxelles- 0.650 2/15/2061 EUR 70.426
DekaBank Deutsche Gi 5.970 02/09/2023 EUR 72.240
Ukraine Government I 7.750 09/01/2023 USD 46.230
Virgolino de Oliveir 11.750 02/09/2022 USD 0.500
Ukraine Government B 5.000 2/20/2032 UAH 33.754
Veneto Banca SpA 6.411 EUR 0.345
Russian Foreign Bond 4.375 3/21/2029 USD 15.000
Erste Group Bank AG 6.250 8/31/2022 EUR 60.300
Lehman Brothers Trea 1.000 10/05/2035 EUR 0.100
State of Lower Austr 0.55011/13/2080 EUR 72.053
Solon SE 1.375 12/06/2012 EUR 0.745
LSF9 Balta Issuer SA 3.00012/31/2030 EUR 71.843
Corner Banca SA 8.000 06/08/2022 EUR 66.170
Deutsche Bank AG/Lon 13.750 6/20/2026 TRY 32.466
Pescanova SA 5.125 4/20/2017 EUR 0.319
Air Berlin Finance B 8.500 03/06/2019 EUR 0.377
Ukraine Government B 8.520 11/10/2033 UAH 45.596
Deutsche Bank AG/Lon 1.62510/31/2034 USD 67.597
Russian Federal Bond 7.700 3/23/2033 RUB 73.533
Credit Suisse AG/Lon 6.500 3/28/2022 USD 3.731
Russian Federal Bond 7.700 3/16/2039 RUB 70.286
Ukraine Government B 8.310 11/10/2034 UAH 43.614
Virgolino de Oliveir 10.875 1/13/2020 USD 36.000
Dolphin Drilling ASA 4.490 8/28/2019 NOK 0.644
SAir Group 4.250 02/02/2007 CHF 12.625
Republic of Belarus 6.875 2/28/2023 USD 11.000
Credito Padano Banca 3.100 EUR 33.729
Pannon Work Szemelyz 3.00010/30/2030 HUF 73.550
VEB.RF GK 7.27011/17/2026 RUB 73.430
Virgolino de Oliveir 10.500 1/28/2018 USD 0.455
Spain Government Bon 1.45010/31/2071 EUR 74.156
Stichting Afwikkelin 2.197 EUR 0.502
Windreich GmbH 6.250 03/01/2015 EUR 4.475
Ukraine Government B 9.780 05/10/2029 UAH 59.029
Republic of Belarus 6.200 2/28/2030 USD 10.000
WPE International Co 10.375 9/30/2020 USD 5.000
Societe Generale SA 5.000 01/10/2023 USD 43.330
Credit Suisse AG/Lon 5.500 7/26/2023 USD 9.400
Credit Suisse AG/Lon 20.000 11/05/2024 USD 50.500
Credit Suisse AG/Lon 13.000 6/16/2022 CHF 67.790
BNP Paribas Emission 3.000 3/24/2022 EUR 71.300
Single Platform Inve 1.850 2/15/2041 NOK 75.686
Slovenia Government 0.48810/20/2050 EUR 72.062
Region de Bruxelles- 0.56212/23/2065 EUR 63.786
Ukraine Government B 6.000 8/28/2030 UAH 41.325
Ukraine Government B 8.750 4/20/2033 UAH 47.276
Single Platform Inve 0.559 2/15/2047 EUR 70.116
Cooperatieve Raboban 0.500 1/31/2033 MXN 37.064
Sairgroup Finance BV 6.625 10/06/2010 EUR 1.568
Region Wallonne Belg 1.150 09/02/2120 EUR 69.500
Peine GmbH 2.000 07/05/2023 EUR 44.500
Credit Suisse AG/Lon 4.450 6/28/2023 USD 8.890
Raiffeisen Switzerla 4.000 8/30/2022 CHF 30.370
WEB Windenergie AG 4.500 EUR 0.010
RUSAL Bratsk OJSC 0.010 04/07/2026 RUB 68.520
Ukraine Government B 6.00010/23/2024 UAH 72.148
Vontobel Financial P 18.000 6/24/2022 EUR 65.750
EFG International Fi 10.600 8/23/2023 EUR 65.710
Credit Suisse AG/Lon 20.00011/29/2024 USD 12.630
Norske Skog Holding 8.000 2/24/2021 EUR 0.006
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.399
getgoods.de AG 7.750 10/02/2017 EUR 0.527
Getin Noble Bank SA 8.040 8/30/2024 PLN 68.619
Leonteq Securities A 6.770 5/27/2022 USD 45.610
Corner Banca SA 6.600 08/02/2022 CHF 23.920
GTC Magyarorszag Zrt 2.250 12/07/2030 HUF 74.390
Russian Federal Bond 5.700 5/17/2028 RUB 70.603
Vontobel Financial P 13.500 9/23/2022 EUR 67.850
Russian Federal Bond 6.000 10/06/2027 RUB 73.750
Pongs & Zahn AG 8.500 11/01/2014 EUR 0.100
Norske Skog Holding 8.000 2/24/2023 USD 0.006
Ukraine Government B 9.980 03/06/2030 UAH 57.748
Solarwatt GmbH 7.000 11/01/2015 EUR 15.500
Ukraine Government I 6.750 6/20/2026 EUR 36.527
Premium Green PLC 0.60010/31/2046 EUR 61.898
Credit Suisse AG/Lon 8.500 09/09/2022 EUR 72.580
Luzerner Kantonalban 23.000 06/07/2022 CHF 28.920
UniCredit Bank AG 6.600 7/20/2028 EUR 47.810
Mostotrest PJSC 0.010 7/29/2026 RUB 49.400
Vontobel Financial P 9.00012/23/2022 EUR 71.670
Alrosa PJSC 5.750 05/10/2030 RUB 75.000
Pervyi Konteinernyi 5.000 12/09/2025 RUB 72.050
Leonteq Securities A 2.750 9/15/2022 CHF 57.620
Alno AG 8.000 3/21/2019 EUR 15.000
Russian Foreign Bond 4.875 9/16/2023 USD 48.905
BrokerCreditService 1.514 12/06/2031 USD 73.854
Mriya Agro Holding P 10.950 3/30/2016 USD 4.667
Windreich GmbH 6.750 03/01/2015 EUR 4.475
Region de Bruxelles- 0.55612/23/2064 EUR 64.163
Ukraine Government B 9.700 12/08/2032 UAH 51.715
Ukraine Government B 8.630 05/10/2033 UAH 46.691
Agrokor dd 8.875 02/01/2020 USD 15.000
Societe Generale SA 24.000 8/30/2024 USD 66.550
UBS AG/London 14.000 07/07/2022 USD 48.250
Vontobel Financial P 5.00012/23/2022 EUR 73.860
Banque Cantonale Vau 22.200 08/02/2022 CHF 71.260
RUSNANO AO 8.860 3/27/2028 RUB 75.000
Sberbank of Russia P 0.010 12/05/2024 RUB 60.760
Resa SA/Belgium 1.950 7/22/2036 EUR 50.010
Russian Federal Bond 7.650 04/10/2030 RUB 74.337
Rosselkhozbank JSC 21.600 7/15/2025 RUB 60.360
SAir Group 5.500 7/23/2003 CHF 12.625
Credit Agricole Corp 15.700 10/07/2026 TRY 62.846
Ahtium PLC 9.750 04/04/2017 EUR 0.726
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Credit Agricole Corp 10.200 08/06/2026 TRY 51.086
Deutsche Agrar Holdi 7.250 9/28/2018 EUR 0.735
Skandinaviska Enskil 8.600 7/17/2023 SEK 67.260
EFG International Fi 18.00010/20/2022 CHF 69.410
Vontobel Financial P 7.50012/23/2022 USD 77.980
BNP Paribas Issuance 5.000 11/05/2024 EUR 32.130
Pervyi Konteinernyi 0.010 02/06/2026 RUB 51.740
Societe Generale SA 10.00011/30/2022 USD 67.400
EDOB Abwicklungs AG 7.500 04/01/2012 EUR 2.816
Ukraine Government B 10.570 05/10/2027 UAH 68.328
Single Platform Inve 0.419 2/15/2040 EUR 74.064
Portugal Telecom Int 5.242 11/06/2017 EUR 0.694
Hungary Government B 3.00010/27/2038 HUF 70.426
Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 27.152
Privatbank CJSC Via 10.875 2/28/2018 USD 8.000
Russian Federal Bond 6.900 5/23/2029 RUB 73.055
Agrokor dd 9.875 05/01/2019 EUR 15.000
Ukraine Government B 8.750 11/10/2032 UAH 47.876
Region Wallonne Belg 1.222 6/24/2080 EUR 73.572
Hema Bondco II BV 8.500 1/15/2023 EUR 0.113
Commerzbank AG 0.06011/19/2029 EUR 70.954
Republic of Belarus 6.875 2/28/2023 USD 7.849
Hungary Government B 4.000 4/28/2051 HUF 72.733
Norske Skogindustrie 2.00012/30/2115 EUR 0.113
DekaBank Deutsche Gi 5.600 4/25/2022 EUR 70.240
Hunland Feed Kft 2.880 7/21/2031 HUF 74.250
SG Issuer SA 8.120 7/20/2023 SEK 71.140
Leonteq Securities A 8.510 5/27/2022 USD 34.700
Landesbank Baden-Wue 6.75011/25/2022 EUR 59.270
VTB Bank PJSC 0.010 10/04/2022 RUB 70.000
UBS AG/London 7.000 1/26/2024 USD 73.800
UBS AG/London 0.120 5/25/2040 MXN 14.554
Veneto Banca SpA 6.950 2/25/2025 EUR 0.571
La Veggia Finance SA 7.12511/14/2004 EUR 0.287
Norske Skogindustrie 7.12510/15/2033 USD 0.010
Single Platform Inve 0.428 2/15/2040 EUR 75.079
Deutsche Bank AG/Lon 1.796 6/30/2034 USD 65.449
Cooperatieve Raboban 0.50012/29/2027 MXN 59.533
Republic of Austria 0.700 4/20/2071 EUR 76.895
Aralco Finance SA 10.125 05/07/2020 USD 2.910
Credito Padano Banca 3.100 EUR 33.530
Turkiye Ihracat Kred 12.540 9/14/2028 TRY 46.366
Citigroup Global Mar 12.37911/13/2023 SEK 58.860
BNP Paribas Emission 8.000 6/23/2022 EUR 49.350
Axial Javito Kereske 2.000 9/23/2030 HUF 68.377
DekaBank Deutsche Gi 7.050 4/28/2023 EUR 63.050
SALVATOR Vermoegensv 9.500 EUR 7.600
Lloyds Bank PLC 1.83610/25/2033 USD 69.269
Ukraine Government B 9.700 12/08/2027 UAH 63.346
Ukraine Government B 6.000 1/22/2031 UAH 40.245
BPCE SA 2.250 3/13/2040 AUD 71.728
Lehman Brothers Trea 2.875 3/14/2013 CHF 0.100
Pescanova SA 6.750 03/05/2015 EUR 0.319
Ukraine Government I 6.876 5/21/2029 USD 35.416
Vontobel Financial P 22.000 3/25/2022 EUR 57.330
EFG International Fi 9.000 06/07/2023 EUR 75.900
VEB.RF GK 6.590 06/10/2027 RUB 71.220
Societe Generale Eff 5.000 5/27/2022 EUR 77.300
DZ Bank AG Deutsche 11.680 8/26/2022 EUR 66.830
UniCredit Bank AG 23.50010/28/2022 EUR 77.300
Zalaco Sutoipari zrt 3.500 7/24/2030 HUF 75.563
Gold-Zack AG 7.00012/14/2005 EUR 1.521
Green City Energy Kr 5.75012/30/2033 EUR 9.000
Kingdom of Belgium G 0.558 9/24/2077 EUR 65.770
Kreditanstalt fuer W 0.250 10/06/2036 CAD 51.097
Ukraine Government B 9.990 12/10/2031 UAH 54.351
Officine Maccaferri- 5.750 06/01/2021 EUR 16.372
Region de Bruxelles- 0.731 8/25/2060 EUR 71.381
Mox Telecom AG 7.250 11/02/2017 EUR 2.270
Ville de Paris 0.760 5/25/2066 EUR 74.251
SecurAsset SA 5.250 6/30/2022 EUR 28.420
UBS AG/London 12.25011/18/2022 EUR 46.150
Rosselkhozbank JSC 9.000 RUB 73.090
UBS AG/London 8.250 07/07/2022 CHF 67.050
Credit Suisse AG/Lon 7.500 3/24/2022 CHF 66.200
Epito-Es Epuletkarba 3.000 11/11/2030 HUF 73.600
Bank J Safra Sarasin 12.750 04/06/2022 CHF 68.600
Bank Julius Baer & C 12.600 04/04/2022 EUR 66.950
EFG International Fi 8.000 06/10/2022 CHF 68.180
JP Morgan Structured 12.000 01/04/2027 ZMW
EFG International Fi 10.000 9/20/2023 USD 64.790
Zurcher Kantonalbank 9.00012/30/2022 CHF 68.780
Szinorg Universal zr 3.000 5/15/2030 HUF 72.058
Norske Skog Holding 8.000 2/24/2023 USD 0.006
Single Platform Inve 1.860 2/15/2041 NOK 76.012
SAG Solarstrom AG 7.500 07/10/2017 EUR 31.000
Takarek Mortgage Ban 3.00010/22/2031 HUF 73.650
HSBC Bank PLC 10.300 12/10/2024 TRY 61.726
Ville de Paris 0.65011/25/2070 EUR 65.512
Region de Bruxelles- 0.845 9/30/2059 EUR 73.324
Getin Noble Bank SA 9.770 4/29/2024 PLN 62.869
Bulgaria Steel Finan 12.000 05/04/2013 EUR 0.216
Single Platform Inve 2.050 09/01/2044 NOK 75.734
Lloyds Bank PLC 0.500 7/26/2028 MXN 57.289
Credit Suisse AG/Lon 8.000 08/05/2022 EUR 66.640
Russian Foreign Bond 4.250 6/23/2027 USD 24.828
SG Issuer SA 0.263 2/20/2025 EUR 20.150
Danske Bank A/S 10.300 07/09/2023 SEK 11.600
UniCredit Bank AG 3.600 10/05/2022 EUR 53.320
Sberbank of Russia P 0.010 11/05/2025 RUB 69.400
Zurcher Kantonalbank 12.500 11/04/2022 CHF 72.800
Societe Generale SA 18.000 5/31/2024 USD 32.323
Banque International 15.000 01/05/2023 EUR 51.220
UBS AG/London 7.000 8/18/2022 USD 56.950
Sberbank of Russia P 0.010 8/25/2025 RUB 60.000
Centrosolar Group AG 7.000 2/15/2016 EUR 2.505
Societe Generale SA 1.323 1/31/2034 USD 72.643
Phosphorus Holdco PL 10.000 04/01/2019 GBP 1.500
Republic of Belarus 5.875 2/24/2026 USD 10.000
Sequa Petroleum NV 5.000 4/29/2020 USD 30.250
Ukraine Government B 6.000 9/18/2030 UAH 41.166
Ukraine Government B 6.00010/15/2031 UAH 38.546
Ukraine Government B 11.580 02/02/2028 UAH 68.989
LBI ehf 6.100 8/25/2011 USD 10.631
Ukraine Government B 8.880 05/10/2032 UAH 49.173
Republic of Ireland 1.200 4/15/2120 EUR 72.697
Agrokor dd Via Aquar 4.921 08/08/2017 EUR 14.625
Rena GmbH 8.250 07/11/2018 EUR 2.096
Skandinaviska Enskil 8.300 7/17/2023 SEK 66.890
Sberbank of Russia P 0.010 2/27/2025 RUB 73.800
UBS AG/London 13.500 4/29/2024 USD 43.770
Sberbank of Russia P 0.010 3/26/2024 RUB 53.450
Banque Cantonale Vau 20.650 8/22/2022 CHF 74.110
Luzerner Kantonalban 23.100 8/15/2022 CHF 52.710
Citigroup Global Mar 13.20012/18/2023 SEK 61.630
Vontobel Financial P 15.50012/23/2022 EUR 66.880
Leonteq Securities A 14.000 02/01/2023 USD 68.940
Leonteq Securities A 27.800 4/22/2022 CHF 47.120
Bank Vontobel AG 8.758 06/02/2022 CHF 46.300
Golfino AG 8.00011/18/2023 EUR 0.020
EFG International Fi 11.12012/27/2024 EUR 29.510
Sberbank of Russia P 0.010 10/04/2024 RUB 71.410
AKB Peresvet ZAO 0.510 6/23/2021 RUB 25.000
SG Issuer SA 6.760 7/20/2024 SEK 77.800
Sberbank of Russia P 0.010 8/25/2025 RUB 73.300
PA Resources AB 13.500 03/03/2016 SEK 0.124
Deutsche Bank AG/Lon 0.500 04/05/2038 MXN 23.794
Lehman Brothers Trea 2.000 3/16/2035 EUR 0.100
United Kingdom Gilt 0.62510/22/2050 GBP 75.422
HSBC Bank PLC 0.50011/25/2025 BRL 63.423
Ukraine Government B 6.000 10/11/2028 UAH 47.608
Espirito Santo Finan 5.05011/15/2025 EUR 0.287
Ukraine Government B 9.700 06/02/2032 UAH 52.436
Ukraine Government B 9.700 8/25/2032 UAH 52.157
Ukraine Government B 9.980 04/10/2030 UAH 58.468
Ukraine Government B 8.220 05/10/2035 UAH 42.761
SAir Group 0.125 07/07/2005 CHF 12.625
New World Resources 4.000 10/07/2020 EUR 0.574
New World Resources 8.000 04/07/2020 EUR 0.506
Irish Bank Resolutio 4.000 4/23/2018 EUR 33.250
Bank Julius Baer & C 22.500 05/03/2022 CHF 58.200
Leonteq Securities A 11.000 9/15/2022 CHF 46.520
Sberbank of Russia P 0.010 12/05/2025 RUB 73.700
Bank Vontobel AG 10.009 10/03/2022 EUR 68.900
BNP Paribas Issuance 11.840 04/04/2022 EUR 70.220
Skandinaviska Enskil 7.600 1/15/2024 SEK 75.760
Zurcher Kantonalbank 21.75010/21/2022 CHF 58.530
DekaBank Deutsche Gi 11.20012/23/2022 EUR 60.880
Green City Energy Kr 5.00012/31/2036 EUR 9.000
Sberbank of Russia P 0.010 5/28/2024 RUB 61.200
Mifa Mitteldeutsche 7.500 08/12/2018 EUR 2.270
BOA Offshore AS 0.409 7/17/2047 NOK 5.248
Bilt Paper BV 10.360 USD 1.071
Pescanova SA 8.750 2/17/2019 EUR 0.319
Virgolino de Oliveir 10.875 1/13/2020 USD 36.000
SAir Group 6.250 04/12/2005 CHF 12.625
Communaute Francaise 0.749 9/16/2080 EUR 75.603
Rio Forte Investment 3.900 07/10/2014 USD 4.852
Vontobel Financial P 16.500 3/25/2022 EUR 56.040
Sberbank of Russia P 0.010 05/07/2025 RUB 74.400
ENVIEN Magyarorszag 2.500 5/18/2031 HUF 74.870
Danske Bank A/S 8.050 07/09/2023 SEK 71.260
Bank Julius Baer & C 10.150 4/25/2022 USD 45.400
Sberbank of Russia P 0.01012/21/2026 RUB 70.000
Bank Julius Baer & C 8.800 5/23/2022 CHF 59.950
Wingholding Zrt 3.000 9/22/2031 HUF 69.200
JP Morgan Structured 12.000 8/28/2026 ZMW 71.835
Leonteq Securities A 8.000 6/13/2023 USD 20.440
UBS AG/London 7.25010/21/2022 EUR 73.700
DZ Bank AG Deutsche 22.700 6/24/2022 EUR 65.870
Stelius Befektetoe Z 3.100 9/17/2030 HUF 74.500
Sberbank of Russia P 0.100 12/05/2024 RUB 64.850
DZ Bank AG Deutsche 19.400 3/25/2022 EUR 42.790
Banco Espirito Santo 10.000 12/06/2021 EUR 0.388
Ukraine Government B 12.500 4/27/2029 UAH 68.931
Lehman Brothers Trea 8.000 4/20/2009 EUR 0.100
Societe Generale SA 5.40011/17/2037 USD 74.831
Sidetur Finance BV 10.000 4/20/2016 USD 0.770
Ukraine Government B 6.000 4/23/2031 UAH 39.631
Ukraine Government B 8.420 05/10/2034 UAH 44.606
Cooperatieve Raboban 0.50011/30/2027 MXN 60.236
Lehman Brothers Trea 10.44211/22/2008 CHF 0.100
Credit Agricole Corp 9.450 03/08/2027 TRY 46.425
Kingdom of Belgium G 0.675 07/07/2080 EUR 69.658
Skandinaviska Enskil 9.500 7/17/2023 SEK 68.400
Citigroup Global Mar 12.000 2/13/2024 SEK 72.410
Leonteq Securities A 10.000 03/01/2023 USD 62.130
EFG International Fi 9.800 6/21/2023 EUR 49.930
JD Capital PLC 5.000 5/21/2028 EUR 70.000
Credit Suisse AG/Lon 16.30012/26/2023 USD 55.920
Vontobel Financial P 5.500 6/17/2022 USD 47.380
Credit Suisse AG/Lon 9.500 04/01/2022 EUR 66.560
Leonteq Securities A 8.380 7/20/2022 CHF 55.970
Danske Bank A/S 7.470 07/09/2023 SEK 77.460
Corner Banca SA 13.68010/28/2022 EUR 61.880
Leonteq Securities A 20.400 1/18/2023 CHF 76.450
Bank Vontobel AG 24.000 08/09/2022 CHF 42.800
EFG International Fi 11.000 06/10/2022 USD 46.790
Skandinaviska Enskil 8.520 1/15/2024 SEK 77.450
Societe Generale Eff 4.00011/22/2022 USD 75.210
Credit Suisse AG/Lon 14.000 6/16/2022 USD 67.650
UBS AG/London 10.250 9/19/2022 CHF 68.550
Luzerner Kantonalban 22.620 6/20/2022 CHF 39.230
State of Saxony-Anha 0.773 07/03/2028 EUR 60.000
Skandinaviska Enskil 6.500 1/15/2024 SEK 73.850
Sberbank of Russia P 0.010 11/07/2024 RUB 64.000
Sberbank of Russia P 0.010 8/20/2025 RUB 61.300
Russian Foreign Bond 12.750 6/24/2028 USD 45.207
Purple Protected Ass 1.580 5/25/2060 EUR 59.397
Lehman Brothers Trea 3.82010/20/2009 USD 0.100
Cie DU Chemin de Fer 0.28011/29/2052 CHF 62.852
Ukraine Government B 9.790 5/14/2031 UAH 54.527
Ukraine Government B 9.760 7/23/2031 UAH 54.080
Ukraine Government B 10.360 11/10/2027 UAH 65.773
ECM Real Estate Inve 5.000 10/09/2011 EUR 15.375
BPCE SA 2.250 3/13/2040 AUD 71.318
Purple Protected Ass 1.600 09/08/2056 EUR 74.639
Luminis SA 1.800 09/02/2059 EUR 58.851
Leonteq Securities A 24.360 9/13/2022 CHF 42.850
Credit Suisse AG/Lon 4.180 9/14/2022 USD 9.660
Leonteq Securities A 7.500 6/28/2022 CHF 67.450
Credit Suisse AG/Lon 10.000 3/28/2022 CHF 69.670
Credit Suisse AG/Lon 8.00010/14/2022 EUR 69.550
Sberbank of Russia P 0.010 08/07/2025 RUB 70.800
Credit Suisse AG/Lon 8.450 06/07/2023 USD 9.770
Raiffeisen Centroban 10.000 3/24/2023 EUR 56.660
Credit Suisse AG/Lon 4.600 11/09/2022 USD 9.653
Raiffeisen Schweiz G 16.000 7/19/2022 EUR 69.210
DZ Bank AG Deutsche 4.000 6/24/2022 EUR 71.360
Vontobel Financial P 7.350 6/15/2022 USD 55.660
EFG International Fi 7.000 4/20/2022 USD 53.890
Raiffeisen Schweiz G 7.000 2/20/2023 CHF 76.280
Skandinaviska Enskil 5.800 1/15/2025 SEK 68.300
Republic of Bashkort 5.900 9/24/2025 RUB 73.100
Barclays Bank PLC 2.730 9/27/2024 EUR 49.200
RENE LEZARD Mode Gmb 7.25011/25/2017 EUR 0.110
Erste Group Bank AG 6.750 5/31/2024 EUR 66.600
Raiffeisen Schweiz G 6.600 3/23/2022 CHF 63.400
Dr Wiesent Sozial gG 7.000 EUR 0.010
Societe Generale SA 5.05011/25/2036 USD 74.178
Ukraine Government I 7.375 9/25/2032 USD 34.926
Gebr Sanders GmbH & 8.75010/22/2018 EUR 9.375
KPNQwest NV 10.000 3/15/2012 EUR 0.453
Northland Resources 4.00010/15/2020 USD 0.271
Ministeries Van de V 0.60011/19/2055 EUR 72.594
Barclays Bank PLC 13.810 4/16/2024 TRY 72.254
Single Platform Inve 0.924 2/18/2049 EUR 72.279
Lehman Brothers Trea 2.000 5/17/2010 EUR 0.100
Ukraine Government B 9.700 10/06/2027 UAH 65.594
Ukraine Government B 9.610 10/11/2029 UAH 57.467
Metropole de Lyon 0.540 12/07/2050 EUR 74.859
Credit Agricole Corp 11.340 02/12/2026 TRY 56.614
Banca Popolare di Vi 9.500 10/02/2025 EUR 0.049
Air Berlin Finance B 6.000 03/06/2019 EUR 0.402
Credit Agricole Corp 14.280 11/05/2026 TRY 62.579
KPNQwest NV 7.125 06/01/2009 EUR 0.453
Waste Italia SpA 10.50011/15/2019 EUR 0.550
CDC Habitat SEM 0.814 2/15/2040 EUR 75.453
UniCredit Bank AG 4.150 7/26/2022 EUR 52.950
MetMax Europe Zrt 3.000 12/11/2030 HUF 73.800
Leonteq Securities A 10.00010/19/2022 CHF 79.400
Credit Suisse AG/Lon 11.000 4/19/2022 CHF 46.040
UniCredit Bank AG 3.350 6/14/2022 EUR 60.020
BNP Paribas Issuance 6.310 07/05/2023 SEK 76.230
Credit Suisse AG/Lon 11.000 3/28/2022 USD 35.320
BNP Paribas Issuance 7.980 1/20/2025 SEK 74.910
Sberbank of Russia P 0.010 3/27/2028 RUB 73.400
Sberbank of Russia P 0.010 11/05/2025 RUB 56.000
Leonteq Securities A 15.000 3/29/2022 CHF 58.140
Leonteq Securities A 4.000 08/10/2022 CHF 60.230
Credit Suisse AG/Lon 13.50012/14/2022 CHF 71.960
Societe Generale SA 3.900 3/23/2022 USD 0.350
Bank Julius Baer & C 21.150 08/09/2022 CHF 46.650
AutoWallis Nyrt 3.000 7/27/2031 HUF 72.000
Zurcher Kantonalbank 11.250 04/01/2022 CHF 64.410
Sberbank of Russia P 0.010 7/24/2028 RUB 72.700
EFG International Fi 10.600 06/01/2023 USD 72.320
Credit Suisse AG/Lon 16.000 6/27/2022 EUR 56.190
Russian Federal Bond 7.100 5/15/2041 RUB 67.972
UBS AG/London 8.25011/19/2026 EUR 61.460
EFG International Fi 9.100 9/20/2023 EUR 65.900
DekaBank Deutsche Gi 11.800 4/21/2022 EUR 74.390
Sberbank of Russia P 0.010 1/29/2025 RUB 58.220
SG Issuer SA 2.200 01/10/2025 EUR 72.690
Nordea Bank Abp 7.450 7/20/2024 SEK 77.280
SG Issuer SA 0.35011/15/2023 EUR 21.980
COFIDUR SA 0.10012/31/2024 EUR 24.050
Societe Generale SA 27.30010/20/2025 USD 33.650
Cerruti Finance SA 6.500 7/26/2004 EUR 2.058
Teksid Aluminum Luxe 12.375 7/15/2011 EUR 0.122
Ukraine Government B 9.800 04/02/2031 UAH 54.803
Ukraine Government B 11.570 03/01/2028 UAH 68.749
Single Platform Inve 0.745 2/15/2047 EUR 73.724
BPCE SA 2.285 12/03/2035 AUD 75.936
BPCE SA 2.255 03/12/2040 AUD 70.905
Heta Asset Resolutio 0.20712/31/2023 EUR 3.285
Polski Bank Spoldzie 8.270 9/14/2027 PLN 71.396
SG Issuer SA 0.100 06/11/2029 NZD 70.419
Hellas Telecommunica 8.50010/15/2013 EUR 0.834
Republic of Belarus 6.200 2/28/2030 USD 10.000
Norske Skogindustrie 7.00012/30/2026 EUR 0.010
Communaute Francaise 0.500 6/27/2046 EUR 75.356
KPNQwest NV 8.875 02/01/2008 EUR 0.453
Gazprom PJSC Via Gaz 2.250 7/19/2022 CHF 20.693
DZ Bank AG Deutsche 9.410 8/26/2022 EUR 33.140
SG Issuer SA 0.015 11/07/2033 EUR 71.040
EFG International Fi 17.000 9/15/2022 EUR 35.620
Credit Suisse AG/Lon 4.70011/30/2022 USD 9.583
Bank Julius Baer & C 14.500 4/20/2022 EUR 62.050
Sberbank of Russia P 0.01012/17/2025 RUB 73.600
Sberbank of Russia P 0.01012/17/2025 RUB 57.300
Leonteq Securities A 20.000 08/10/2022 CHF 50.760
Sberbank of Russia P 0.01011/26/2025 RUB 72.800
Sberbank of Russia P 0.01011/27/2025 RUB 56.800
SG Issuer SA 2.270 02/04/2032 EUR 72.730
Societe Generale SA 16.000 08/01/2024 USD 35.850
Societe Generale SA 16.000 08/01/2024 USD 47.500
Rosselkhozbank JSC 9.000 RUB 74.020
Sberbank of Russia P 0.01012/22/2025 RUB 73.200
Societe Generale SA 21.00011/30/2023 USD 18.300
Landesbank Baden-Wue 5.650 5/27/2022 EUR 47.420
Corner Banca SA 12.600 10/12/2022 EUR 69.160
Bank Vontobel AG 15.010 08/08/2022 USD 70.900
Vontobel Financial P 9.400 5/13/2022 EUR 47.780
Sberbank of Russia P 0.946 04/01/2025 RUB 72.400
Zurcher Kantonalbank 7.000 08/10/2022 USD 53.180
SG Issuer SA 1.500 1/24/2034 EUR 77.330
Societe Generale Eff 18.000 9/23/2022 EUR 72.270
UBS AG/London 18.50011/25/2022 USD 78.950
UBS AG/London 9.750 04/06/2023 USD 53.350
Bank Vontobel AG 20.000 9/26/2022 EUR 45.300
Credit Suisse AG/Lon 12.000 7/14/2022 USD 66.930
Leonteq Securities A 18.00012/27/2022 CHF 75.380
UBS AG/London 13.250 04/06/2023 USD 77.550
Societe Generale SA 6.000 05/09/2022 USD 2.120
EFG International Fi 13.000 8/24/2022 CHF 81.700
Bank Vontobel AG 22.300 08/02/2022 CHF 69.900
Societe Generale SA 20.00012/18/2025 USD 73.000
BrokerCreditService 14.000 09/09/2022 USD 45.000
UBS AG/London 7.250 12/09/2022 CHF 67.750
Raiffeisen Schweiz G 14.000 7/19/2022 USD 77.420
Raiffeisen Schweiz G 12.00010/19/2022 CHF 73.610
EFG International Fi 7.500 7/26/2022 USD 62.350
SG Issuer SA 7.700 1/20/2024 SEK 77.980
Societe Generale SA 16.000 8/30/2024 USD 46.250
Corner Banca SA 13.200 12/07/2022 CHF 53.920
Credit Suisse AG/Lon 8.50012/16/2022 CHF 65.410
Credit Suisse AG/Lon 8.00012/19/2022 CHF 72.660
EFG International Fi 6.500 4/26/2023 USD 35.490
EFG International Fi 11.410 4/26/2022 EUR 78.730
Nordea Bank Abp 7.100 7/20/2024 SEK 76.100
Nordea Bank Abp 9.000 7/20/2024 SEK 75.050
Sberbank of Russia P 0.010 03/06/2028 RUB 73.200
Bank Vontobel AG 7.254 9/19/2022 CHF 63.300
Zurcher Kantonalbank 15.200 9/21/2022 USD 38.920
Bank Julius Baer & C 14.300 02/08/2023 CHF 75.450
DeltaCredit Bank JSC 1.00010/20/2025 RUB 60.000
Barclays Bank PLC 0.433 3/14/2023 USD
Skandinaviska Enskil 6.400 1/15/2025 SEK 61.730
SG Issuer SA 6.130 1/20/2024 SEK 75.750
Leonteq Securities A 9.000 6/13/2023 CHF 75.160
EFG International Fi 9.65012/23/2024 EUR 64.520
Nordea Bank Abp 5.813 7/20/2024 SEK 73.380
Muehl Product & Serv 6.750 03/10/2005 DEM 0.104
Raiffeisen Schweiz G 10.00012/31/2024 CHF 67.470
Skandinaviska Enskil 5.750 1/15/2025 SEK 68.180
Societe Generale SA 18.000 11/02/2023 USD 41.130
Sberbank of Russia P 0.010 10/06/2025 RUB 73.700
VTB Bank PJSC 0.010 8/15/2023 RUB 55.900
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.500
Credit Agricole Corp 2.480 8/18/2050 USD 75.656
Barclays Bank PLC 1.59612/23/2033 USD 74.908
Natixis SA 0.300 6/25/2048 USD 39.222
Single Platform Inve 0.462 2/15/2040 EUR 75.552
Barclays Bank PLC 0.836 4/25/2034 USD 69.918
Minicentrales Dos SA 0.010 06/06/2047 EUR 59.125
Purple Protected Ass 1.48011/30/2060 EUR 61.751
Single Platform Inve 0.751 11/06/2047 EUR 72.633
Credit Suisse AG 0.50012/16/2025 BRL 63.270
Ukraine Government B 9.700 12/06/2028 UAH 59.974
Region de Bruxelles- 0.453 12/07/2055 EUR 68.659
Societe Wallonne de 0.94810/23/2051 EUR 71.642
Societe Wallonne de 0.90410/23/2047 EUR 71.944
Ukraine Government B 6.000 06/12/2030 UAH 41.883
Lehman Brothers Trea 7.50010/24/2008 USD 0.100
Irish Bank Resolutio 6.75011/30/2013 BGN 33.250
LBI ehf 7.431 USD 0.001
Ukraine Government B 10.710 4/26/2028 UAH 65.362
Ukraine Government B 6.000 1/14/2026 UAH 62.534
Region de Bruxelles- 0.45012/22/2056 EUR 67.521
Thomas Cook Finance 3.875 7/15/2023 EUR 0.522
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.399
SAir Group 2.125 11/04/2004 CHF 12.625
BNP Paribas SA 1.000 1/23/2040 MXN 21.488
Societe Generale SA 2.696 6/30/2035 USD 71.716
KPNQwest NV 7.125 06/01/2009 EUR 0.453
Astana Finance BV 7.875 06/08/2010 EUR 16.000
Lukoil International 4.563 4/24/2023 USD 48.492
Ukraine Government I 8.994 02/01/2024 USD 39.083
Mriya Agro Holding P 9.450 4/19/2018 USD 4.667
Communaute Francaise 1.000 10/08/2069 EUR 70.329
Northland Resources 15.000 7/15/2019 USD 2.621
Espirito Santo Finan 5.125 5/30/2016 EUR 0.528
Lehman Brothers Trea 7.320 7/31/2013 GBP 0.100
Lehman Brothers Trea 8.280 7/31/2013 GBP 0.100
Reso-Leasing OOO 7.500 06/02/2024 RUB 59.510
Leonteq Securities A 22.770 8/30/2022 CHF 46.860
Sberbank of Russia P 0.010 2/27/2024 RUB 71.600
Sberbank of Russia P 0.010 03/06/2025 RUB 71.000
Bank Vontobel AG 12.508 9/26/2022 CHF 62.000
UBS AG/London 16.750 3/31/2022 CHF 39.950
VTB Bank PJSC 0.010 3/21/2023 RUB 59.000
Sberbank of Russia P 0.01011/20/2025 RUB 73.700
Vasutvillamosito Kft 3.000 02/03/2031 HUF 73.200
UBS AG/London 10.50010/28/2022 USD 73.150
UBS AG/London 12.250 3/24/2022 CHF 41.400
Credit Suisse AG/Lon 11.20011/14/2022 CHF 64.380
Leonteq Securities A 24.020 6/29/2022 CHF 51.360
Sberbank of Russia P 0.010 7/24/2025 RUB 73.400
Sberbank of Russia P 0.010 08/12/2025 RUB 71.900
Societe Generale SA 6.000 06/06/2022 USD 0.040
DZ Bank AG Deutsche 10.750 6/22/2022 EUR 61.090
Societe Generale SA 8.600 7/29/2022 USD 49.600
Zurcher Kantonalbank 15.500 11/08/2022 USD 78.350
Zurcher Kantonalbank 20.500 9/13/2022 CHF 46.550
Russian Foreign Bond 2.650 5/27/2036 EUR 12.662
UBS AG/London 4.500 07/01/2024 CHF 72.500
Corner Banca SA 15.400 4/26/2022 CHF 62.140
Leonteq Securities A 21.100 4/21/2022 CHF 45.590
Raiffeisen Schweiz G 12.000 01/04/2023 CHF 48.790
Aranynektar Termekgy 3.500 04/03/2030 HUF 65.682
Sberbank of Russia P 1.055 4/15/2024 RUB 72.100
Sberbank of Russia P 0.010 10/06/2025 RUB 67.700
Sberbank of Russia P 0.010 10/07/2025 RUB 56.300
Credit Suisse AG/Lon 6.000 06/07/2022 CHF 74.910
OOO SPV Structural I 0.010 09/01/2023 RUB 66.740
Sberbank of Russia P 1.20312/18/2024 RUB 59.100
Pick Szeged Szalamig 2.000 12/06/2029 HUF 92.300
Sberbank of Russia P 0.010 1/27/2025 RUB 63.710
Pannonia Bio Ltd 2.400 9/18/2029 HUF 74.020
DeltaCredit Bank JSC 1.000 5/18/2026 RUB 55.280
Credit Agricole Corp 15.000 6/18/2026 TRY 65.148
Thomas Cook Group PL 6.250 6/15/2022 EUR 0.510
Lehman Brothers Trea 2.370 7/15/2013 USD 0.100
Credit Agricole Corp 11.640 3/24/2027 TRY 52.759
Barclays Bank PLC 1.645 06/03/2041 USD 75.170
Ukraine Government B 6.00011/20/2024 UAH 71.480
Ukraine Government B 12.500 10/12/2029 UAH 67.990
Veneto Banca SpA 6.944 5/15/2025 EUR 0.571
Credit Agricole Corp 10.800 3/24/2026 TRY 54.348
Ukraine Government I 7.750 09/01/2025 USD 37.421
Ukraine Government B 9.910 08/07/2030 UAH 56.526
Ukraine Government B 6.00011/28/2029 UAH 43.511
Ukraine Government B 9.820 02/12/2031 UAH 55.140
Credit Agricole Corp 11.190 1/15/2026 TRY 56.354
Intelsat SA 4.500 6/15/2025 USD 9.500
Societe Generale SA 4.404 3/31/2034 USD 72.303
Petromena ASA 10.85011/19/2018 USD 0.622
Hellas Telecommunica 6.054 1/15/2015 USD 0.001
Bibby Offshore Servi 7.500 6/15/2021 GBP 11.625
Credit Agricole Corp 10.500 2/16/2027 TRY 49.316
Credit Agricole Corp 15.000 7/14/2026 TRY 64.036
Credit Agricole Corp 6.000 2/26/2027 BRL 74.229
Barclays Bank PLC 0.500 10/01/2031 TRY 8.967
Communaute Francaise 0.750 02/04/2061 EUR 69.635
Societe Generale SA 2.480 7/17/2040 USD 70.380
Deutsche Bank AG/Lon 0.50010/18/2038 MXN 15.118
Barclays Bank PLC 7.830 7/26/2038 MXN 73.572
Deutsche Bank AG/Lon 2.00010/25/2023 TRY 57.792
Ukraine Government I 9.750 11/01/2028 USD 36.659
Ukraine Government I 8.994 02/01/2024 USD 39.093
Credit Agricole Corp 12.00011/17/2025 TRY 59.160
Cie Generale de Navi 0.35012/29/2056 CHF 73.093
BLT Finance BV 12.000 02/10/2015 USD 10.500
Credit Agricole Corp 15.000 6/18/2026 TRY 64.313
Skandinaviska Enskil 10.360 7/17/2023 SEK 74.810
Sberbank of Russia P 0.010 07/02/2025 RUB 73.900
Danske Bank A/S 9.430 07/09/2024 SEK 79.260
Raiffeisen Schweiz G 12.000 07/12/2022 CHF 64.980
Agrar Mezogazdasagi 2.900 8/24/2031 HUF 74.880
Bank Julius Baer & C 15.000 6/22/2022 CHF 60.750
Basler Kantonalbank 10.00012/16/2022 CHF 70.220
VTB Bank PJSC 0.01011/15/2022 RUB 62.000
Sberbank of Russia P 0.946 03/11/2025 RUB 62.800
Sberbank of Russia P 0.010 11/05/2025 RUB 73.700
Societe Generale SA 10.800 3/31/2026 USD 64.850
Bank Vontobel AG 20.504 05/12/2022 CHF 64.000
Corner Banca SA 19.000 04/12/2022 CHF 74.930
Bank Julius Baer & C 11.000 04/07/2022 USD 66.800
EFG International Fi 7.100 04/06/2022 EUR 64.110
Credit Suisse AG/Lon 8.000 04/12/2022 EUR 63.010
Leonteq Securities A 28.960 5/17/2022 CHF 62.470
Sberbank of Russia P 0.010 3/25/2025 RUB 70.000
Russian Federal Bond 5.900 03/12/2031 RUB 65.000
Raiffeisen Switzerla 12.000 9/22/2022 CHF 52.040
UBS AG/London 9.750 9/26/2022 CHF 65.850
Bank Julius Baer & C 9.250 05/11/2022 EUR 53.400
Erste Group Bank AG 10.000 3/31/2022 EUR 71.650
Credit Suisse AG/Lon 10.500 07/08/2022 EUR 36.420
UBS AG/London 8.500 03/08/2023 CHF 68.500
UBS AG/London 28.500 7/28/2022 USD 44.650
Sberbank of Russia P 0.010 7/29/2024 RUB 64.900
UniCredit Bank AG 4.400 04/12/2023 EUR 60.280
SG Issuer SA 19.750 11/08/2022 EUR
DekaBank Deutsche Gi 7.260 5/30/2022 EUR 72.500
Russian Foreign Bond 5.100 3/28/2035 USD 16.000
Zurcher Kantonalbank 8.000 4/22/2022 EUR 68.150
Leonteq Securities A 27.290 4/26/2022 CHF 33.660
SAir Group 5.125 03/01/2003 CHF 12.750
Vontobel Financial P 11.00012/23/2022 EUR 71.710
UBS AG/London 5.00012/15/2023 EUR 70.000
Progress Etteremhalo 3.000 9/18/2030 HUF 73.500
VTB Bank PJSC 0.010 9/13/2022 RUB 60.070
Rosselkhozbank JSC 5.450 2/13/2025 RUB 72.390
Sberbank of Russia P 0.010 8/21/2025 RUB 58.800
Sberbank of Russia P 1.055 5/13/2024 RUB 71.100
Sberbank of Russia P 0.010 02/06/2023 RUB 58.850
Sberbank of Russia P 1.054 7/16/2024 RUB 64.400
Ukraine Government I 7.750 09/01/2022 USD 48.845
Ukraine Government I 7.750 09/01/2024 USD 38.083
IT Holding Finance S 9.87511/15/2012 EUR 0.015
Barclays Bank PLC 3.800 9/30/2031 USD 65.926
Turkey Government Bo 11.000 2/24/2027 TRY 60.800
Astana Finance BV 9.00011/16/2011 USD 15.250
Ukraine Government I 7.750 09/01/2024 USD 38.144
Ukraine Government B 9.990 8/27/2031 UAH 54.871
Credit Agricole Corp 11.550 1/28/2026 TRY 55.276
Credit Agricole Corp 10.800 3/24/2026 TRY 50.964
Ukraine Government B 6.00011/26/2025 UAH 63.487
Ukraine Government B 6.000 11/12/2025 UAH 63.767
Credit Agricole SA 3.000 1/19/2041 AUD 73.000
Ukraine Government I 4.375 1/27/2030 EUR 35.721
Lehman Brothers Trea 11.000 07/04/2011 USD 0.100
Ukraine Government I 7.253 3/15/2033 USD 35.077
Turkey Government Bo 12.400 03/08/2028 TRY 62.400
Barclays Bank PLC 1.450 9/24/2038 MXN 29.698
Ukraine Government I 6.750 6/20/2026 EUR 36.333
SAir Group 2.750 7/30/2004 CHF 12.625
Cooperatieve Raboban 0.500 8/21/2028 MXN 56.515
Ukraine Government I 6.876 5/21/2029 USD 35.375
Espirito Santo Finan 0.48110/27/2024 EUR 0.297
Leonteq Securities A 2.500 06/05/2024 EUR 70.420
Skandinaviska Enskil 9.020 7/17/2023 SEK 67.040
SG Issuer SA 4.000 6/22/2026 EUR 73.410
Landesbank Baden-Wue 3.000 9/23/2022 EUR 61.760
SG Issuer SA 11.170 7/20/2025 SEK 41.550
UniCredit Bank AG 4.200 7/26/2022 EUR 28.710
UniCredit Bank AG 4.450 7/23/2022 EUR 47.930
UniCredit Bank AG 3.650 7/23/2022 EUR 46.840
Landesbank Baden-Wue 2.500 8/25/2023 EUR 67.420
Landesbank Baden-Wue 2.300 9/23/2022 EUR 73.610
Landesbank Baden-Wue 3.050 9/23/2022 EUR 60.460
SG Issuer SA 8.300 7/21/2025 SEK 61.320
EFG International Fi 6.100 05/11/2023 USD 46.400
Credit Suisse AG/Lon 8.250 05/05/2022 USD 46.080
Banque Cantonale Vau 10.600 05/05/2022 CHF 67.610
Bank Vontobel AG 7.007 11/02/2022 CHF 67.400
Leonteq Securities A 22.080 05/06/2022 CHF 38.330
Vontobel Financial P 11.500 6/24/2022 EUR 69.710
Credit Suisse AG/Lon 8.000 08/03/2022 CHF 44.700
Zurcher Kantonalbank 9.000 05/11/2022 CHF 71.810
Vontobel Financial P 15.750 08/03/2022 EUR 38.210
Vontobel Financial P 19.000 6/24/2022 EUR 58.640
Vontobel Financial P 15.000 6/24/2022 EUR 63.250
Bank Julius Baer & C 8.250 05/04/2022 CHF 67.550
Vontobel Financial P 17.750 3/25/2022 EUR 43.170
Vontobel Financial P 17.000 6/24/2022 EUR 72.660
Vontobel Financial P 11.000 6/24/2022 EUR 69.120
Vontobel Financial P 15.000 6/24/2022 EUR 75.120
Bank Vontobel AG 11.00610/31/2022 CHF 76.400
Bank Vontobel AG 8.50310/31/2022 CHF 75.800
UBS AG/London 13.000 05/06/2024 USD 42.500
UBS AG/London 12.750 11/07/2022 USD 41.750
UBS AG/London 10.250 11/07/2022 CHF 70.850
UBS AG/London 19.750 05/05/2022 USD 51.500
Zurcher Kantonalbank 21.500 05/12/2022 USD 51.920
UBS AG/London 14.000 05/05/2022 CHF 32.100
Bank Vontobel AG 9.00610/31/2022 CHF 43.200
UBS AG/London 14.500 11/07/2022 CHF 55.600
EFG International Fi 6.500 4/20/2022 CHF 52.300
Vontobel Financial P 9.500 6/24/2022 EUR 67.790
EFG International Fi 5.500 4/20/2022 USD 57.870
DZ Bank AG Deutsche 10.000 3/23/2022 EUR 61.440
DZ Bank AG Deutsche 10.000 6/22/2022 EUR 61.700
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 71.130
DZ Bank AG Deutsche 9.000 6/22/2022 EUR 69.440
DZ Bank AG Deutsche 13.000 3/23/2022 EUR 64.280
DZ Bank AG Deutsche 10.500 6/22/2022 EUR 65.550
DZ Bank AG Deutsche 8.750 3/23/2022 EUR 70.180
DZ Bank AG Deutsche 6.750 6/22/2022 EUR 70.980
Vontobel Financial P 17.000 6/24/2022 EUR 69.890
Vontobel Financial P 17.000 6/24/2022 EUR 60.810
Vontobel Financial P 13.000 6/24/2022 EUR 66.010
Vontobel Financial P 14.000 6/24/2022 EUR 72.020
DekaBank Deutsche Gi 3.500 11/04/2022 EUR 54.390
AutoWallis Nyrt 3.000 4/15/2030 HUF 74.580
EFG International Fi 4.90011/24/2023 USD 65.260
Landesbank Baden-Wue 2.200 1/27/2023 EUR 31.270
DekaBank Deutsche Gi 2.80010/20/2023 EUR 63.640
Landesbank Baden-Wue 3.400 8/23/2024 EUR 32.110
EFG International Fi 4.67011/23/2022 EUR 70.610
Leonteq Securities A 8.00011/23/2022 CHF 77.250
DekaBank Deutsche Gi 3.25011/25/2022 EUR 68.220
UBS AG/London 13.250 4/29/2022 CHF 56.700
Bank Vontobel AG 11.501 05/02/2022 EUR 67.600
EFG International Fi 6.080 05/05/2022 USD 49.050
Leonteq Securities A 21.050 05/04/2022 CHF 66.630
Leonteq Securities A 6.700 11/04/2022 USD 67.120
Zurcher Kantonalbank 20.750 05/12/2022 CHF 62.100
UBS AG/London 9.500 11/07/2022 CHF 75.550
UBS AG/London 10.500 11/07/2022 CHF 75.200
Vontobel Financial P 17.000 6/24/2022 EUR 65.110
Vontobel Financial P 12.000 6/24/2022 EUR 64.680
Vontobel Financial P 15.500 6/24/2022 EUR 71.700
Vontobel Financial P 12.500 6/24/2022 EUR 63.860
Vontobel Financial P 11.000 6/24/2022 EUR 63.450
Leonteq Securities A 14.000 9/14/2022 CHF 57.570
Vontobel Financial P 19.500 6/24/2022 EUR 33.240
Vontobel Financial P 8.000 6/24/2022 EUR 64.860
Vontobel Financial P 6.500 6/24/2022 EUR 67.120
Bank Vontobel AG 12.500 6/20/2022 CHF 68.000
Bank Vontobel AG 12.500 9/19/2022 CHF 65.200
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 62.080
DZ Bank AG Deutsche 9.250 6/24/2022 EUR 67.790
Vontobel Financial P 15.000 6/24/2022 EUR 74.690
Vontobel Financial P 18.000 6/24/2022 EUR 33.770
Vontobel Financial P 6.250 6/24/2022 EUR 72.100
EFG International Fi 16.000 6/23/2022 USD 66.460
Bank Julius Baer & C 13.000 6/22/2022 CHF 50.450
Vontobel Financial P 16.000 6/24/2022 EUR 60.860
Vontobel Financial P 17.000 6/24/2022 EUR 69.780
Vontobel Financial P 9.500 6/24/2022 EUR 62.990
Leonteq Securities A 22.790 6/22/2022 CHF 40.440
Vontobel Financial P 7.500 6/24/2022 EUR 67.210
Vontobel Financial P 12.000 6/24/2022 EUR 74.010
UBS AG/London 11.250 07/01/2022 CHF 59.450
UniCredit Bank AG 6.000 7/28/2023 EUR 39.440
UBS AG/London 10.000 07/08/2022 CHF 53.050
Societe Generale SA 9.000 7/22/2022 USD 48.700
Vontobel Financial P 12.000 6/24/2022 EUR 43.330
Leonteq Securities A 2.800 7/29/2022 EUR 61.250
Leonteq Securities A 22.450 7/29/2022 CHF 42.360
Vontobel Financial P 12.500 6/24/2022 EUR 72.950
Vontobel Financial P 8.250 6/24/2022 EUR 64.730
Leonteq Securities A 10.000 11/02/2022 CHF 58.150
DZ Bank AG Deutsche 5.500 6/20/2022 EUR 73.900
DZ Bank AG Deutsche 5.100 9/19/2022 EUR 74.660
Societe Generale Eff 4.750 6/24/2022 EUR 54.180
BNP Paribas Issuance 9.000 5/18/2022 SEK 67.560
Vontobel Financial P 9.000 6/24/2022 EUR 68.010
Vontobel Financial P 14.750 6/24/2022 EUR 34.950
Zurcher Kantonalbank 12.500 08/09/2022 EUR 58.360
Bank Vontobel AG 7.550 1/30/2023 CHF 71.900
Leonteq Securities A 6.200 5/20/2022 EUR 46.220
Societe Generale Eff 15.750 5/27/2022 EUR 46.730
Vontobel Financial P 5.750 6/24/2022 EUR 72.060
Leonteq Securities A 12.000 7/29/2022 CHF 67.860
Leonteq Securities A 20.000 7/29/2022 CHF 48.170
Societe Generale Eff 3.000 7/22/2022 USD 9.920
Vontobel Financial P 7.250 6/24/2022 EUR 74.390
Vontobel Financial P 11.750 6/24/2022 EUR 50.170
Vontobel Financial P 9.750 6/24/2022 EUR 73.000
Societe Generale Eff 11.750 5/27/2022 EUR 52.350
Vontobel Financial P 12.250 6/24/2022 EUR 66.090
Vontobel Financial P 13.000 6/24/2022 EUR 72.340
Landesbank Baden-Wue 3.50012/22/2023 EUR 73.170
Vontobel Financial P 8.250 6/24/2022 EUR 56.800
Vontobel Financial P 17.750 6/24/2022 EUR 39.250
Societe Generale Eff 5.750 5/27/2022 EUR 68.930
Societe Generale Eff 13.750 5/27/2022 EUR 49.250
Leonteq Securities A 5.000 1/30/2023 USD 56.820
DZ Bank AG Deutsche 4.700 6/20/2022 EUR 75.240
DZ Bank AG Deutsche 5.600 9/19/2022 EUR 73.750
Vontobel Financial P 7.000 6/24/2022 EUR 73.990
UBS AG/London 9.75012/23/2022 CHF 62.800
UBS AG/London 9.250 6/23/2023 USD 68.300
UBS AG/London 7.750 6/23/2023 CHF 66.850
Vontobel Financial P 7.000 9/23/2022 EUR 71.710
Vontobel Financial P 10.500 9/23/2022 EUR 66.550
Vontobel Financial P 7.000 6/24/2022 EUR 71.840
Landesbank Baden-Wue 4.600 8/25/2023 EUR 74.970
Vontobel Financial P 12.000 9/23/2022 EUR 67.280
Vontobel Financial P 11.500 6/24/2022 EUR 67.900
DZ Bank AG Deutsche 4.75012/19/2022 EUR 75.240
DZ Bank AG Deutsche 9.50012/19/2022 EUR 74.540
Leonteq Securities A 24.610 7/15/2022 CHF 63.000
Leonteq Securities A 28.010 4/19/2022 CHF 16.050
Vontobel Financial P 9.000 6/24/2022 EUR 72.290
EFG International Fi 8.000 1/19/2023 CHF 68.110
DZ Bank AG Deutsche 9.000 8/26/2022 EUR 74.450
DZ Bank AG Deutsche 7.80012/23/2022 EUR 75.800
DZ Bank AG Deutsche 14.400 6/24/2022 EUR 72.800
DZ Bank AG Deutsche 11.700 8/26/2022 EUR 71.830
Leonteq Securities A 8.00012/20/2022 CHF 59.730
Goldman Sachs & Co W 7.000 5/25/2022 EUR 69.730
Goldman Sachs & Co W 7.000 6/22/2022 EUR 69.770
Leonteq Securities A 10.000 3/17/2023 CHF 69.210
DZ Bank AG Deutsche 8.250 3/23/2022 EUR 71.590
DZ Bank AG Deutsche 9.500 6/22/2022 EUR 65.290
UniCredit Bank AG 5.350 2/27/2023 EUR 55.500
Vontobel Financial P 9.500 6/24/2022 EUR 71.480
Vontobel Financial P 11.500 6/24/2022 EUR 69.000
Vontobel Financial P 13.500 6/24/2022 EUR 70.440
Vontobel Financial P 14.000 6/24/2022 EUR 66.880
Vontobel Financial P 10.500 6/24/2022 EUR 74.120
Vontobel Financial P 7.000 6/24/2022 EUR 65.030
Vontobel Financial P 8.500 6/24/2022 EUR 62.110
Vontobel Financial P 9.000 6/24/2022 EUR 64.300
Zurcher Kantonalbank 8.000 07/01/2022 CHF 67.890
Zurcher Kantonalbank 18.000 07/01/2022 USD 74.840
Zurcher Kantonalbank 8.750 07/01/2022 CHF 68.980
Vontobel Financial P 7.500 6/24/2022 EUR 61.590
Vontobel Financial P 8.000 6/24/2022 EUR 68.660
Vontobel Financial P 20.500 6/24/2022 EUR 64.040
Vontobel Financial P 6.000 6/24/2022 EUR 67.930
Raiffeisen Schweiz G 10.00012/14/2022 CHF 64.920
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 72.130
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 73.170
DZ Bank AG Deutsche 11.750 3/23/2022 EUR 64.260
DZ Bank AG Deutsche 8.000 9/21/2022 EUR 66.700
DZ Bank AG Deutsche 10.000 3/23/2022 EUR 68.970
Vontobel Financial P 3.750 01/03/2023 EUR 44.400
Vontobel Financial P 13.500 6/24/2022 EUR 58.060
Vontobel Financial P 7.500 6/24/2022 EUR 74.190
Vontobel Financial P 5.000 6/24/2022 EUR 57.660
Leonteq Securities A 15.000 6/15/2022 CHF 31.720
Bank Julius Baer & C 7.450 9/26/2022 USD 56.750
Vontobel Financial P 7.000 6/24/2022 EUR 65.860
Vontobel Financial P 10.000 6/24/2022 EUR 61.530
Vontobel Financial P 6.000 6/24/2022 EUR 61.380
Vontobel Financial P 6.500 6/24/2022 EUR 63.580
Vontobel Financial P 11.000 6/24/2022 EUR 69.070
Vontobel Financial P 15.500 6/24/2022 EUR 65.140
Corner Banca SA 10.40012/14/2022 CHF 49.400
Vontobel Financial P 7.000 6/24/2022 EUR 66.390
UBS AG/London 10.25012/23/2022 CHF 63.050
UBS AG/London 8.250 6/23/2022 CHF 37.950
UBS AG/London 8.000 6/23/2022 USD 59.350
Credit Suisse AG/Lon 15.000 6/14/2022 CHF 63.380
UBS AG/London 16.75012/23/2022 CHF 52.800
Credit Suisse AG/Lon 11.000 6/15/2022 CHF 43.820
Raiffeisen Schweiz G 8.000 9/14/2022 EUR 64.340
Vontobel Financial P 15.500 6/24/2022 EUR 72.400
Vontobel Financial P 13.500 6/24/2022 EUR 66.130
Vontobel Financial P 16.000 6/24/2022 EUR 63.510
Societe Generale Eff 8.500 7/22/2022 EUR 64.810
Societe Generale Eff 8.000 7/22/2022 EUR 55.420
Zurcher Kantonalbank 11.000 6/22/2022 USD 65.330
Bank Julius Baer & C 15.000 6/15/2022 USD 69.900
Vontobel Financial P 6.000 6/24/2022 EUR 57.950
Vontobel Financial P 5.000 6/24/2022 EUR 61.090
Vontobel Financial P 8.000 6/24/2022 EUR 64.010
Leonteq Securities A 20.000 6/15/2022 CHF 45.520
Vontobel Financial P 12.000 6/24/2022 EUR 72.210
UBS AG/London 6.800 6/15/2026 USD 72.450
Vontobel Financial P 7.000 6/24/2022 EUR 58.240
Vontobel Financial P 7.000 6/24/2022 EUR 63.720
Vontobel Financial P 14.500 6/24/2022 EUR 74.800
Vontobel Financial P 9.000 6/24/2022 EUR 71.970
Vontobel Financial P 16.000 6/24/2022 EUR 55.730
Vontobel Financial P 8.500 6/24/2022 EUR 72.120
Vontobel Financial P 8.000 6/24/2022 EUR 75.840
Vontobel Financial P 5.500 6/24/2022 EUR 55.750
Vontobel Financial P 18.000 6/24/2022 EUR 56.240
Vontobel Financial P 18.000 6/24/2022 EUR 71.530
Vontobel Financial P 11.000 6/24/2022 EUR 69.310
Vontobel Financial P 10.000 6/24/2022 EUR 67.590
Vontobel Financial P 14.500 6/24/2022 EUR 73.260
Vontobel Financial P 8.500 6/24/2022 EUR 72.780
Raiffeisen Schweiz G 11.00012/14/2022 CHF 69.810
Vontobel Financial P 20.500 6/24/2022 EUR 59.020
Societe Generale Eff 16.500 6/24/2022 EUR 71.500
Societe Generale Eff 12.000 7/22/2022 EUR 48.570
Societe Generale Eff 14.000 7/22/2022 EUR 46.300
Societe Generale Eff 9.000 7/22/2022 EUR 73.360
Vontobel Financial P 15.000 6/24/2022 EUR 68.790
Societe Generale Eff 9.000 7/22/2022 EUR 73.470
Raiffeisen Switzerla 8.200 11/03/2022 CHF 53.360
Raiffeisen Schweiz G 12.000 05/03/2022 USD 53.750
UniCredit Bank AG 4.200 9/21/2022 EUR 49.890
Zurcher Kantonalbank 12.750 05/11/2022 CHF 78.540
Vontobel Financial P 18.000 6/24/2022 EUR 65.370
DekaBank Deutsche Gi 2.800 05/02/2022 EUR 53.330
Landesbank Baden-Wue 2.300 6/24/2022 EUR 56.610
Landesbank Baden-Wue 3.000 7/22/2022 EUR 64.850
Raiffeisen Switzerla 6.500 11/03/2022 CHF 68.990
Landesbank Baden-Wue 3.300 5/27/2022 EUR 56.570
Landesbank Baden-Wue 4.000 5/27/2022 EUR 46.060
Societe Generale Eff 18.250 6/24/2022 EUR 61.020
Vontobel Financial P 14.500 6/24/2022 EUR 65.160
Vontobel Financial P 9.000 9/23/2022 EUR 68.360
Landesbank Baden-Wue 6.300 8/25/2023 EUR 71.470
Landesbank Baden-Wue 7.800 8/25/2023 EUR 69.280
Landesbank Baden-Wue 6.800 8/25/2023 EUR 49.820
Vontobel Financial P 7.500 9/23/2022 EUR 72.840
Vontobel Financial P 6.500 9/23/2022 EUR 74.570
Landesbank Baden-Wue 4.00010/28/2022 EUR 71.920
Leonteq Securities A 20.000 7/13/2022 CHF 47.530
Vontobel Financial P 14.500 6/24/2022 EUR 68.600
Vontobel Financial P 12.000 6/24/2022 EUR 72.190
Vontobel Financial P 13.750 6/24/2022 EUR 52.160
Vontobel Financial P 17.750 6/24/2022 EUR 55.150
Vontobel Financial P 15.250 9/23/2022 EUR 59.710
Leonteq Securities A 18.000 8/31/2022 CHF 45.680
DZ Bank AG Deutsche 14.600 6/24/2022 EUR 73.310
Goldman Sachs & Co W 7.000 9/21/2022 EUR 71.140
Goldman Sachs & Co W 6.00012/21/2022 EUR 71.900
Goldman Sachs & Co W 6.000 4/21/2022 EUR 72.940
Goldman Sachs & Co W 7.000 7/20/2022 EUR 70.210
Leonteq Securities A 22.220 9/16/2022 CHF 48.720
Leonteq Securities A 22.68010/14/2022 CHF 68.290
Vontobel Financial P 7.500 9/23/2022 EUR 70.350
Vontobel Financial P 13.500 9/23/2022 EUR 63.440
Vontobel Financial P 12.000 6/24/2022 EUR 64.490
Landesbank Baden-Wue 8.800 8/25/2023 EUR 67.500
Landesbank Baden-Wue 4.000 8/25/2023 EUR 63.350
Landesbank Baden-Wue 11.60010/28/2022 EUR 73.750
Landesbank Baden-Wue 5.200 8/25/2023 EUR 51.040
Vontobel Financial P 11.000 9/23/2022 EUR 68.570
Landesbank Baden-Wue 4.400 8/25/2023 EUR 73.970
Leonteq Securities A 12.000 7/15/2022 CHF 61.840
EFG International Fi 9.000 1/16/2023 CHF 49.830
Leonteq Securities A 26.120 8/31/2022 CHF 64.510
Vontobel Financial P 13.000 6/24/2022 EUR 67.210
Vontobel Financial P 16.000 6/24/2022 EUR 64.060
Vontobel Financial P 18.000 6/24/2022 EUR 62.780
Vontobel Financial P 16.000 6/24/2022 EUR 54.820
Vontobel Financial P 11.500 6/24/2022 EUR 68.960
Vontobel Financial P 4.000 6/24/2022 EUR 67.500
Vontobel Financial P 4.500 6/24/2022 EUR 67.630
Vontobel Financial P 11.000 9/23/2022 EUR 72.430
DZ Bank AG Deutsche 20.000 6/24/2022 EUR 67.460
DZ Bank AG Deutsche 15.800 9/23/2022 EUR 70.110
SG Issuer SA 0.021 8/15/2033 EUR 55.280
Societe Generale Eff 10.750 5/27/2022 EUR 58.100
Credit Suisse AG/Lon 6.000 8/22/2022 CHF 71.710
Societe Generale Eff 11.500 6/24/2022 EUR 57.210
Societe Generale Eff 15.500 6/24/2022 EUR 52.020
Societe Generale Eff 12.750 7/22/2022 EUR 55.680
Societe Generale Eff 14.750 7/22/2022 EUR 53.230
Societe Generale Eff 11.750 8/26/2022 EUR 57.610
Societe Generale Eff 13.750 8/26/2022 EUR 54.840
Vontobel Financial P 12.000 9/23/2022 EUR 72.970
Vontobel Financial P 10.000 6/24/2022 EUR 69.790
Vontobel Financial P 14.000 6/24/2022 EUR 70.930
Vontobel Financial P 13.500 6/24/2022 EUR 70.790
Landesbank Baden-Wue 2.700 7/22/2022 EUR 57.530
DZ Bank AG Deutsche 20.400 6/24/2022 EUR 69.450
Societe Generale Eff 11.250 6/24/2022 EUR 71.520
Societe Generale Eff 14.750 6/24/2022 EUR 41.090
Societe Generale Eff 8.250 7/22/2022 EUR 49.150
Credit Suisse AG/Lon 6.000 8/24/2022 CHF 71.170
Bank Julius Baer & C 6.750 12/01/2022 CHF 76.950
Landesbank Baden-Wue 9.300 9/23/2022 EUR 66.930
Landesbank Baden-Wue 1.750 9/23/2022 EUR 66.080
Landesbank Baden-Wue 4.000 9/23/2022 EUR 77.490
Leonteq Securities A 24.48010/14/2022 CHF 52.210
Bank Julius Baer & C 10.250 7/18/2022 CHF 50.450
Societe Generale Eff 12.500 6/24/2022 EUR 72.210
Societe Generale Eff 18.000 5/27/2022 EUR 37.290
Raiffeisen Schweiz G 18.520 7/13/2022 CHF 47.480
Basler Kantonalbank 12.00010/14/2022 CHF 69.960
Landesbank Baden-Wue 7.500 7/22/2022 EUR 74.810
Societe Generale Eff 9.500 6/24/2022 EUR 61.200
Societe Generale Eff 13.500 6/24/2022 EUR 54.260
Societe Generale Eff 19.500 6/24/2022 EUR 48.800
Societe Generale Eff 17.750 8/26/2022 EUR 51.140
Societe Generale Eff 8.00010/28/2022 EUR 65.410
Landesbank Baden-Wue 3.300 7/22/2022 EUR 73.660
DZ Bank AG Deutsche 24.000 6/24/2022 EUR 49.710
Landesbank Baden-Wue 3.150 7/22/2022 EUR 70.100
Landesbank Baden-Wue 4.700 7/22/2022 EUR 66.040
Societe Generale Eff 3.000 6/24/2022 EUR 71.010
Societe Generale Eff 6.250 7/22/2022 EUR 53.800
Landesbank Baden-Wue 9.250 7/22/2022 EUR 45.050
Raiffeisen Schweiz G 4.500 2/21/2023 CHF 73.470
Raiffeisen Schweiz G 6.000 8/24/2022 CHF 72.360
Bank Julius Baer & C 26.650 5/31/2022 USD 51.000
Leonteq Securities A 14.00011/30/2022 CHF 67.300
Corner Banca SA 8.200 8/30/2023 CHF 71.910
EFG International Fi 22.900 6/15/2022 CHF 47.200
Societe Generale Eff 9.750 8/26/2022 EUR 72.300
Bank Julius Baer & C 8.05012/16/2022 USD 61.800
Landesbank Baden-Wue 5.500 9/23/2022 EUR 74.490
Landesbank Baden-Wue 5.800 9/23/2022 EUR 45.740
Landesbank Baden-Wue 9.000 9/23/2022 EUR 41.980
Societe Generale Eff 15.000 5/27/2022 EUR 70.780
Vontobel Financial P 19.000 9/23/2022 EUR 48.630
Vontobel Financial P 17.000 9/23/2022 EUR 62.140
DZ Bank AG Deutsche 6.800 9/19/2022 EUR 71.970
DZ Bank AG Deutsche 5.00012/19/2022 EUR 74.420
Vontobel Financial P 15.000 9/23/2022 EUR 68.630
Vontobel Financial P 6.500 9/23/2022 EUR 63.470
Vontobel Financial P 15.000 9/23/2022 EUR 72.930
Vontobel Financial P 19.500 6/24/2022 EUR 69.440
Vontobel Financial P 9.500 9/23/2022 EUR 64.280
Vontobel Financial P 4.500 6/24/2022 EUR 62.610
Vontobel Financial P 5.000 9/23/2022 EUR 66.100
Vontobel Financial P 5.500 6/24/2022 EUR 66.940
Vontobel Financial P 18.500 9/23/2022 EUR 63.530
Vontobel Financial P 20.000 9/23/2022 EUR 64.280
DZ Bank AG Deutsche 8.750 3/23/2022 EUR 71.150
DZ Bank AG Deutsche 8.250 3/23/2022 EUR 71.370
Zurcher Kantonalbank 15.000 7/20/2022 CHF 61.440
Zurcher Kantonalbank 15.000 7/19/2022 CHF 70.630
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 73.010
DZ Bank AG Deutsche 6.600 9/19/2022 EUR 74.830
Societe Generale Eff 11.000 5/27/2022 EUR 71.380
Vontobel Financial P 10.500 9/23/2022 EUR 71.200
Societe Generale Eff 9.250 9/23/2022 EUR 73.960
DZ Bank AG Deutsche 6.300 6/20/2022 EUR 75.030
DZ Bank AG Deutsche 7.200 6/20/2022 EUR 73.700
Societe Generale Eff 11.750 9/23/2022 EUR 47.500
Vontobel Financial P 6.000 9/23/2022 EUR 57.810
Vontobel Financial P 6.000 9/23/2022 EUR 68.510
Vontobel Financial P 4.500 9/23/2022 EUR 71.740
Vontobel Financial P 12.000 9/23/2022 EUR 61.630
UniCredit Bank AG 6.15010/21/2024 EUR 72.750
DZ Bank AG Deutsche 5.60012/19/2022 EUR 73.470
DZ Bank AG Deutsche 6.100 9/19/2022 EUR 72.810
Vontobel Financial P 7.500 9/23/2022 EUR 75.510
Vontobel Financial P 11.000 9/23/2022 EUR 71.580
Vontobel Financial P 11.500 9/23/2022 EUR 69.600
Vontobel Financial P 16.500 9/23/2022 EUR 64.970
Vontobel Financial P 13.000 9/23/2022 EUR 67.510
Vontobel Financial P 15.000 9/23/2022 EUR 68.580
Vontobel Financial P 20.000 9/23/2022 EUR 70.820
Vontobel Financial P 21.000 6/24/2022 EUR 68.060
Vontobel Financial P 23.000 6/24/2022 EUR 66.890
Vontobel Financial P 9.000 9/23/2022 EUR 70.980
Vontobel Financial P 18.000 9/23/2022 EUR 57.360
Vontobel Financial P 7.000 6/24/2022 EUR 61.710
Vontobel Financial P 12.500 9/23/2022 EUR 74.710
Vontobel Financial P 4.500 9/23/2022 EUR 64.880
Raiffeisen Schweiz G 10.000 10/12/2022 EUR 70.140
Landesbank Baden-Wue 8.750 7/22/2022 EUR 46.520
UniCredit Bank AG 8.130 8/26/2022 EUR 53.330
Societe Generale Eff 10.750 7/22/2022 EUR 58.960
Societe Generale Eff 16.750 7/22/2022 EUR 51.320
Societe Generale Eff 5.000 9/23/2022 EUR 75.490
Societe Generale Eff 17.000 9/23/2022 EUR 52.130
Landesbank Baden-Wue 4.300 7/22/2022 EUR 71.560
Vontobel Financial P 11.500 6/24/2022 EUR 70.210
Landesbank Baden-Wue 6.500 7/22/2022 EUR 62.540
Landesbank Baden-Wue 10.000 7/22/2022 EUR 74.340
Landesbank Baden-Wue 4.000 7/22/2022 EUR 58.230
Societe Generale Eff 12.750 6/24/2022 EUR 42.830
Leonteq Securities A 13.00011/30/2022 USD 51.530
EFG International Fi 14.00010/13/2022 CHF 58.320
DZ Bank AG Deutsche 6.20012/19/2022 EUR 72.790
Vontobel Financial P 14.000 9/23/2022 EUR 67.110
Vontobel Financial P 19.500 9/23/2022 EUR 63.410
Vontobel Financial P 9.000 9/23/2022 EUR 72.450
Vontobel Financial P 11.500 9/23/2022 EUR 66.700
Vontobel Financial P 6.000 9/23/2022 EUR 63.200
Vontobel Financial P 7.500 9/23/2022 EUR 64.000
Vontobel Financial P 19.500 9/23/2022 EUR 69.630
Leonteq Securities A 24.000 10/11/2022 CHF 76.850
Vontobel Financial P 13.000 9/23/2022 EUR 75.960
Vontobel Financial P 16.000 6/24/2022 EUR 58.020
Vontobel Financial P 14.000 6/24/2022 EUR 69.020
Vontobel Financial P 16.000 6/24/2022 EUR 67.350
Vontobel Financial P 5.000 6/24/2022 EUR 67.120
Vontobel Financial P 14.000 9/23/2022 EUR 69.520
Vontobel Financial P 9.500 9/23/2022 EUR 73.740
Vontobel Financial P 8.000 9/23/2022 EUR 75.370
Vontobel Financial P 11.000 9/23/2022 EUR 72.220
EFG International Fi 22.000 9/15/2022 CHF 43.460
Vontobel Financial P 10.500 6/24/2022 EUR 73.820
Vontobel Financial P 9.500 6/24/2022 EUR 59.880
Vontobel Financial P 13.500 6/24/2022 EUR 56.250
Vontobel Financial P 11.500 6/24/2022 EUR 57.970
Leonteq Securities A 6.000 2/20/2023 CHF 64.980
Vontobel Financial P 18.000 6/24/2022 EUR 53.420
Vontobel Financial P 19.500 6/24/2022 EUR 70.250
Vontobel Financial P 17.000 6/24/2022 EUR 69.540
Vontobel Financial P 11.500 6/24/2022 EUR 72.830
Vontobel Financial P 5.000 9/23/2022 EUR 68.370
Vontobel Financial P 4.000 6/24/2022 EUR 52.530
DZ Bank AG Deutsche 14.200 9/23/2022 EUR 66.380
Vontobel Financial P 3.500 9/23/2022 EUR 53.160
Landesbank Baden-Wue 5.850 7/22/2022 EUR 51.110
Landesbank Baden-Wue 2.300 7/22/2022 EUR 73.110
Societe Generale Eff 12.250 7/22/2022 EUR 43.720
Landesbank Baden-Wue 3.150 7/22/2022 EUR 52.480
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 39.530
DZ Bank AG Deutsche 15.400 9/23/2022 EUR 57.200
DZ Bank AG Deutsche 21.100 9/23/2022 EUR 52.920
DZ Bank AG Deutsche 16.500 6/24/2022 EUR 74.890
DZ Bank AG Deutsche 13.500 6/24/2022 EUR 75.180
DZ Bank AG Deutsche 15.500 6/24/2022 EUR 73.090
DZ Bank AG Deutsche 17.600 6/24/2022 EUR 71.310
DZ Bank AG Deutsche 21.000 6/24/2022 EUR 68.750
DZ Bank AG Deutsche 12.900 9/23/2022 EUR 76.100
DZ Bank AG Deutsche 10.750 3/23/2022 EUR 71.840
DZ Bank AG Deutsche 8.500 7/20/2022 EUR 72.790
DZ Bank AG Deutsche 14.800 9/23/2022 EUR 72.130
DZ Bank AG Deutsche 8.500 6/20/2022 EUR 71.110
DZ Bank AG Deutsche 14.400 9/23/2022 EUR 72.670
Zurcher Kantonalbank 10.000 7/20/2022 CHF 72.220
DZ Bank AG Deutsche 16.00010/26/2022 EUR 73.200
Societe Generale Eff 5.750 9/23/2022 EUR 57.480
Societe Generale Eff 9.750 9/23/2022 EUR 49.740
EFG International Fi 8.160 2/26/2025 EUR 74.120
UniCredit Bank AG 10.400 08/11/2022 EUR 64.330
Leonteq Securities A 22.440 10/11/2022 CHF 45.160
Vontobel Financial P 16.500 6/24/2022 EUR 75.040
Vontobel Financial P 10.000 9/23/2022 EUR 63.600
Vontobel Financial P 22.000 6/24/2022 EUR 69.110
Vontobel Financial P 8.000 6/24/2022 EUR 65.460
Vontobel Financial P 10.000 6/24/2022 EUR 72.740
Vontobel Financial P 12.500 9/23/2022 EUR 70.820
Vontobel Financial P 8.500 6/24/2022 EUR 74.970
Vontobel Financial P 18.000 6/24/2022 EUR 65.830
Vontobel Financial P 15.000 9/23/2022 EUR 73.550
Vontobel Financial P 15.500 9/23/2022 EUR 68.330
Vontobel Financial P 7.000 6/24/2022 EUR 77.320
UniCredit Bank AG 11.900 11/09/2022 EUR 47.820
Vontobel Financial P 10.000 9/23/2022 EUR 66.600
Vontobel Financial P 14.500 6/24/2022 EUR 65.650
Societe Generale Eff 8.250 9/23/2022 EUR 75.200
Societe Generale Eff 3.750 9/23/2022 EUR 64.890
Societe Generale Eff 7.750 9/23/2022 EUR 52.870
Societe Generale Eff 13.750 9/23/2022 EUR 45.850
Vontobel Financial P 16.000 6/24/2022 EUR 72.400
Vontobel Financial P 15.000 9/23/2022 EUR 73.480
Vontobel Financial P 14.000 9/23/2022 EUR 73.900
SG Issuer SA 0.021 07/07/2033 EUR 66.350
EFG International Fi 6.200 2/20/2023 CHF 75.200
Raiffeisen Schweiz G 4.600 2/20/2023 CHF 73.800
Vontobel Financial P 19.000 6/24/2022 EUR 71.890
Vontobel Financial P 16.500 9/23/2022 EUR 58.750
Vontobel Financial P 13.000 6/24/2022 EUR 60.090
Vontobel Financial P 15.500 6/24/2022 EUR 73.080
Vontobel Financial P 18.500 6/24/2022 EUR 70.990
Vontobel Financial P 7.000 9/23/2022 EUR 77.350
Vontobel Financial P 21.500 6/24/2022 EUR 73.360
Vontobel Financial P 17.000 9/23/2022 EUR 67.260
Vontobel Financial P 14.500 6/24/2022 EUR 65.580
Vontobel Financial P 11.500 9/23/2022 EUR 67.390
Vontobel Financial P 13.500 9/23/2022 EUR 68.480
EFG International Fi 8.620 8/24/2022 CHF 73.560
Vontobel Financial P 10.000 6/24/2022 EUR 64.350
Vontobel Financial P 7.000 6/24/2022 EUR 63.290
Vontobel Financial P 7.500 6/24/2022 EUR 62.010
Vontobel Financial P 12.500 6/24/2022 EUR 57.080
Vontobel Financial P 19.500 6/24/2022 EUR 52.900
Leonteq Securities A 6.800 2/20/2023 CHF 70.980
Vontobel Financial P 4.500 9/23/2022 EUR 68.560
DZ Bank AG Deutsche 22.900 9/23/2022 EUR 65.280
DZ Bank AG Deutsche 16.400 9/23/2022 EUR 43.320
DZ Bank AG Deutsche 13.400 9/23/2022 EUR 78.050
Societe Generale Eff 20.750 5/27/2022 EUR 47.450
Societe Generale Eff 4.750 7/22/2022 EUR 79.100
Societe Generale Eff 15.750 8/26/2022 EUR 52.740
Societe Generale Eff 11.000 9/23/2022 EUR 59.100
Vontobel Financial P 9.500 9/23/2022 EUR 71.630
Vontobel Financial P 9.000 6/24/2022 EUR 69.500
Vontobel Financial P 10.500 6/24/2022 EUR 69.930
Vontobel Financial P 12.500 6/24/2022 EUR 70.500
DZ Bank AG Deutsche 24.400 6/24/2022 EUR 60.930
Landesbank Baden-Wue 8.550 7/22/2022 EUR 45.950
Vontobel Financial P 17.500 9/23/2022 EUR 71.610
Leonteq Securities A 24.120 10/12/2022 CHF 68.320
Vontobel Financial P 8.000 9/23/2022 EUR 65.880
Vontobel Financial P 5.500 6/24/2022 EUR 68.750
Vontobel Financial P 16.500 6/24/2022 EUR 74.890
EFG International Fi 12.000 3/15/2023 CHF 70.890
Vontobel Financial P 12.000 6/24/2022 EUR 70.790
Vontobel Financial P 17.000 6/24/2022 EUR 54.100
Vontobel Financial P 8.500 6/24/2022 EUR 60.920
Vontobel Financial P 14.500 6/24/2022 EUR 55.450
Vontobel Financial P 12.000 9/23/2022 EUR 71.280
Vontobel Financial P 14.500 6/24/2022 EUR 68.810
Vontobel Financial P 5.000 9/23/2022 EUR 68.830
Vontobel Financial P 5.000 6/24/2022 EUR 67.780
Vontobel Financial P 16.000 6/24/2022 EUR 73.550
Vontobel Financial P 3.000 6/24/2022 EUR 52.250
EFG International Fi 15.000 9/15/2022 USD 45.580
Landesbank Baden-Wue 3.100 7/22/2022 EUR 59.140
Societe Generale Eff 18.750 7/22/2022 EUR 49.810
Societe Generale Eff 9.750 8/26/2022 EUR 61.330
Societe Generale Eff 9.000 9/23/2022 EUR 63.140
Landesbank Baden-Wue 6.000 7/22/2022 EUR 49.750
Landesbank Baden-Wue 2.000 7/22/2022 EUR 64.180
Landesbank Baden-Wue 6.250 7/22/2022 EUR 54.050
Societe Generale Eff 9.000 6/24/2022 EUR 49.580
Societe Generale Eff 10.750 6/24/2022 EUR 45.020
Societe Generale Eff 4.250 7/22/2022 EUR 61.400
Societe Generale Eff 10.250 7/22/2022 EUR 46.010
Societe Generale Eff 14.250 7/22/2022 EUR 41.950
Vontobel Financial P 9.500 6/24/2022 EUR 48.980
Vontobel Financial P 15.750 6/24/2022 EUR 71.210
Landesbank Baden-Wue 4.500 7/22/2022 EUR 49.970
Landesbank Baden-Wue 7.200 7/22/2022 EUR 46.590
Raiffeisen Schweiz G 5.000 8/24/2022 CHF 71.860
DZ Bank AG Deutsche 5.300 9/19/2022 EUR 73.890
UniCredit Bank AG 10.500 9/23/2024 EUR 75.500
Vontobel Financial P 10.000 6/24/2022 EUR 62.470
Vontobel Financial P 14.000 9/23/2022 EUR 59.940
Vontobel Financial P 12.000 6/24/2022 EUR 70.800
Leonteq Securities A 16.000 8/30/2022 CHF 41.970
Vontobel Financial P 12.500 6/24/2022 EUR 75.400
UniCredit Bank AG 7.400 11/09/2022 EUR 66.500
Vontobel Financial P 19.500 6/24/2022 EUR 61.450
Vontobel Financial P 10.500 6/24/2022 EUR 58.900
Vontobel Financial P 11.500 6/24/2022 EUR 68.870
Vontobel Financial P 4.500 9/23/2022 EUR 62.970
Vontobel Financial P 3.500 9/23/2022 EUR 62.380
Vontobel Financial P 4.000 6/24/2022 EUR 61.740
Vontobel Financial P 4.000 9/23/2022 EUR 68.300
EFG International Fi 24.360 5/27/2022 CHF 35.990
Leonteq Securities A 22.260 8/26/2022 CHF 60.300
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 71.840
DZ Bank AG Deutsche 8.500 3/23/2022 EUR 71.330
DZ Bank AG Deutsche 12.75010/26/2022 EUR 69.520
Zurcher Kantonalbank 17.250 09/02/2022 CHF 39.220
Bank Julius Baer & C 7.750 7/15/2022 USD 63.700
Vontobel Financial P 15.000 9/23/2022 EUR 79.220
Vontobel Financial P 12.000 9/23/2022 EUR 67.480
Vontobel Financial P 16.500 9/23/2022 EUR 72.640
Vontobel Financial P 18.500 9/23/2022 EUR 71.070
Landesbank Baden-Wue 4.50010/28/2022 EUR 71.590
Vontobel Financial P 13.500 9/23/2022 EUR 66.340
Vontobel Financial P 8.500 9/23/2022 EUR 71.220
Vontobel Financial P 10.000 6/24/2022 EUR 69.540
Vontobel Financial P 8.000 9/23/2022 EUR 72.020
Landesbank Baden-Wue 6.100 8/25/2023 EUR 59.600
DZ Bank AG Deutsche 7.000 9/19/2022 EUR 74.720
Leonteq Securities A 9.000 7/15/2022 CHF 74.080
Vontobel Financial P 20.000 6/24/2022 EUR 73.550
Vontobel Financial P 9.500 6/24/2022 EUR 62.980
Vontobel Financial P 9.000 6/24/2022 EUR 68.980
Vontobel Financial P 5.000 9/23/2022 EUR 63.860
Vontobel Financial P 9.500 6/24/2022 EUR 73.230
Vontobel Financial P 5.500 9/23/2022 EUR 59.820
Vontobel Financial P 3.500 9/23/2022 EUR 64.370
Vontobel Financial P 6.000 9/23/2022 EUR 71.320
Zurcher Kantonalbank 9.500 7/22/2022 CHF 72.930
Zurcher Kantonalbank 20.000 7/22/2022 USD 50.380
Vontobel Financial P 15.500 9/23/2022 EUR 62.010
Vontobel Financial P 6.500 9/23/2022 EUR 59.550
Vontobel Financial P 16.500 8/31/2022 EUR 68.510
Sberbank of Russia P 0.010 2/26/2025 RUB 63.200
EFG International Fi 10.030 7/26/2022 USD 63.360
Landesbank Baden-Wue 3.600 9/23/2022 EUR 61.380
Vontobel Financial P 9.250 6/24/2022 EUR 74.130
DZ Bank AG Deutsche 9.000 9/21/2022 EUR 68.460
DZ Bank AG Deutsche 6.000 6/20/2022 EUR 74.560
Bank Julius Baer & C 15.000 7/13/2022 USD 72.200
DZ Bank AG Deutsche 18.600 9/23/2022 EUR 67.490
Bank Julius Baer & C 14.500 1/13/2023 USD 42.250
Vontobel Financial P 13.400 8/29/2022 EUR 67.820
EFG International Fi 6.000 7/13/2022 EUR 68.580
Societe Generale Eff 13.000 5/27/2022 EUR 69.190
Societe Generale Eff 10.500 9/23/2022 EUR 70.330
Leonteq Securities A 10.000 2/27/2023 CHF 75.320
DZ Bank AG Deutsche 17.500 6/24/2022 EUR 74.520
Vontobel Financial P 11.000 6/24/2022 EUR 71.920
Vontobel Financial P 16.500 9/23/2022 EUR 71.490
Vontobel Financial P 9.500 9/23/2022 EUR 73.540
Vontobel Financial P 13.000 9/23/2022 EUR 61.630
Vontobel Financial P 11.500 9/23/2022 EUR 52.700
Vontobel Financial P 7.500 9/23/2022 EUR 58.570
Vontobel Financial P 13.000 9/23/2022 EUR 61.330
Vontobel Financial P 9.000 6/24/2022 EUR 65.020
Vontobel Financial P 22.000 9/23/2022 EUR 65.290
Raiffeisen Schweiz G 12.00010/13/2022 CHF 76.480
Vontobel Financial P 8.000 9/23/2022 EUR 65.400
DZ Bank AG Deutsche 15.900 6/24/2022 EUR 74.070
DZ Bank AG Deutsche 18.500 6/24/2022 EUR 70.020
Vontobel Financial P 17.500 6/24/2022 EUR 70.780
Vontobel Financial P 12.000 6/24/2022 EUR 71.960
Vontobel Financial P 8.500 9/23/2022 EUR 68.090
Raiffeisen Schweiz G 18.000 8/30/2022 CHF 51.210
Landesbank Baden-Wue 2.850 9/23/2022 EUR 62.170
Landesbank Baden-Wue 4.700 9/23/2022 EUR 58.440
UniCredit Bank AG 7.45011/18/2024 EUR 62.140
DZ Bank AG Deutsche 7.750 9/21/2022 EUR 60.620
DZ Bank AG Deutsche 7.750 3/23/2022 EUR 73.560
Landesbank Baden-Wue 6.000 9/23/2022 EUR 57.730
Landesbank Baden-Wue 5.500 9/23/2022 EUR 76.440
Landesbank Baden-Wue 6.800 9/23/2022 EUR 51.590
Landesbank Baden-Wue 4.000 9/23/2022 EUR 49.280
Vontobel Financial P 17.000 9/23/2022 EUR 62.770
Vontobel Financial P 19.500 6/24/2022 EUR 60.160
Vontobel Financial P 10.000 6/24/2022 EUR 59.170
Vontobel Financial P 12.500 6/24/2022 EUR 72.490
Vontobel Financial P 14.000 6/24/2022 EUR 72.910
Vontobel Financial P 13.500 6/24/2022 EUR 72.880
Bank Vontobel AG 9.502 12/12/2022 CHF 69.000
DZ Bank AG Deutsche 15.400 6/24/2022 EUR 59.150
DZ Bank AG Deutsche 17.400 6/24/2022 EUR 56.240
DZ Bank AG Deutsche 19.500 6/24/2022 EUR 53.730
DZ Bank AG Deutsche 6.200 6/24/2022 EUR 69.750
DZ Bank AG Deutsche 8.300 6/24/2022 EUR 66.680
UBS AG/London 7.250 07/05/2022 EUR 72.120
DZ Bank AG Deutsche 16.800 6/24/2022 EUR 64.180
Vontobel Financial P 8.500 6/24/2022 EUR 69.550
Bank Vontobel AG 9.750 12/12/2022 CHF 66.300
Bank Vontobel AG 7.502 12/12/2022 CHF 66.000
Bank Vontobel AG 15.001 9/13/2022 CHF 48.100
BNP Paribas Issuance 4.36012/14/2022 EUR 81.500
Landesbank Baden-Wue 8.600 6/24/2022 EUR 42.320
DZ Bank AG Deutsche 10.800 6/24/2022 EUR 64.180
Landesbank Baden-Wue 6.500 7/22/2022 EUR 73.170
Vontobel Financial P 8.750 6/24/2022 EUR 74.230
Landesbank Baden-Wue 1.500 6/24/2022 EUR 72.600
Landesbank Baden-Wue 5.100 6/24/2022 EUR 48.670
DZ Bank AG Deutsche 24.400 6/24/2022 EUR 54.470
DZ Bank AG Deutsche 16.900 6/24/2022 EUR 44.980
DZ Bank AG Deutsche 20.000 6/24/2022 EUR 42.270
DZ Bank AG Deutsche 21.700 6/24/2022 EUR 51.560
Landesbank Baden-Wue 8.250 7/22/2022 EUR 70.620
Societe Generale Eff 6.000 7/22/2022 EUR 61.040
Societe Generale Eff 10.000 7/22/2022 EUR 51.450
Vontobel Financial P 9.500 6/24/2022 EUR 45.830
Bank Julius Baer & C 9.000 6/27/2022 CHF 61.300
Bank Julius Baer & C 11.000 6/27/2022 CHF 39.450
Vontobel Financial P 10.500 6/24/2022 EUR 54.580
Vontobel Financial P 13.500 6/24/2022 EUR 70.480
Bank Vontobel AG 9.501 12/12/2022 CHF 69.000
Bank Vontobel AG 8.500 12/12/2022 EUR 63.900
Vontobel Financial P 14.000 6/24/2022 EUR 51.060
Vontobel Financial P 8.500 6/24/2022 EUR 62.080
Vontobel Financial P 11.500 6/24/2022 EUR 70.430
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 58.980
DZ Bank AG Deutsche 19.200 6/24/2022 EUR 61.030
DZ Bank AG Deutsche 15.800 6/24/2022 EUR 55.630
Vontobel Financial P 20.000 6/24/2022 EUR 68.930
DZ Bank AG Deutsche 16.700 6/24/2022 EUR 74.490
DZ Bank AG Deutsche 10.500 3/23/2022 EUR 71.270
DZ Bank AG Deutsche 17.600 6/24/2022 EUR 39.490
Vontobel Financial P 11.000 6/24/2022 EUR 64.030
Landesbank Baden-Wue 5.150 6/24/2022 EUR 74.430
Landesbank Baden-Wue 6.000 6/24/2022 EUR 66.620
DZ Bank AG Deutsche 14.000 6/24/2022 EUR 48.190
Landesbank Baden-Wue 3.250 6/24/2022 EUR 67.930
DZ Bank AG Deutsche 13.800 6/24/2022 EUR 69.060
Leonteq Securities A 6.600 5/25/2022 EUR 74.560
Leonteq Securities A 16.000 06/01/2022 USD 27.500
Leonteq Securities A 11.00011/28/2022 EUR 75.980
Leonteq Securities A 10.000 12/01/2022 USD 52.240
Corner Banca SA 15.000 8/31/2022 EUR 45.030
Leonteq Securities A 15.000 8/31/2022 CHF 67.790
Luzerner Kantonalban 7.500 6/15/2022 CHF 64.440
Leonteq Securities A 11.000 06/01/2022 CHF 61.630
Societe Generale Eff 11.250 6/24/2022 EUR 50.920
Societe Generale Eff 13.250 6/24/2022 EUR 47.920
Vontobel Financial P 18.750 6/24/2022 EUR 27.210
Vontobel Financial P 18.250 6/24/2022 EUR 68.530
Vontobel Financial P 14.750 6/24/2022 EUR 71.830
Societe Generale Eff 11.250 6/24/2022 EUR 64.740
Societe Generale Eff 9.500 6/24/2022 EUR 73.000
Vontobel Financial P 17.000 6/24/2022 EUR 54.490
Vontobel Financial P 14.500 6/24/2022 EUR 25.830
Societe Generale Eff 7.250 6/24/2022 EUR 60.060
Societe Generale Eff 9.250 6/24/2022 EUR 54.780
Societe Generale Eff 12.250 6/24/2022 EUR 70.330
Societe Generale Eff 7.500 6/24/2022 EUR 74.860
Societe Generale Eff 8.500 6/24/2022 EUR 72.790
DZ Bank AG Deutsche 11.750 3/23/2022 EUR 62.100
DZ Bank AG Deutsche 11.000 6/22/2022 EUR 65.650
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 71.570
Vontobel Financial P 15.500 06/02/2022 EUR 74.730
Societe Generale SA 8.510 06/06/2024 USD 74.710
Landesbank Baden-Wue 5.10011/25/2022 EUR 49.350
Landesbank Baden-Wue 7.90011/25/2022 EUR 44.990
Landesbank Baden-Wue 3.80011/25/2022 EUR 67.550
Landesbank Baden-Wue 6.10011/25/2022 EUR 74.200
Landesbank Baden-Wue 3.80011/25/2022 EUR 70.460
Landesbank Baden-Wue 7.85011/25/2022 EUR 69.620
Landesbank Baden-Wue 5.35011/25/2022 EUR 56.340
Vontobel Financial P 7.000 6/24/2022 EUR 67.060
Vontobel Financial P 5.500 3/25/2022 EUR 68.230
DekaBank Deutsche Gi 2.60010/24/2023 EUR 64.460
Danske Bank A/S 7.141 07/09/2023 SEK 73.090
Skandinaviska Enskil 6.800 1/15/2024 SEK 74.380
Landesbank Baden-Wue 2.550 6/23/2023 EUR 74.930
Landesbank Baden-Wue 2.15012/23/2022 EUR 53.030
DekaBank Deutsche Gi 2.50010/24/2023 EUR 64.310
UniCredit Bank AG 4.500 10/05/2022 EUR 58.830
Bank Julius Baer & C 8.000 09/01/2022 CHF 78.050
Bank Julius Baer & C 7.250 06/02/2022 CHF 68.100
Zurcher Kantonalbank 10.000 06/08/2022 USD 46.340
Zurcher Kantonalbank 11.600 06/02/2022 USD 76.140
UniCredit Bank AG 12.000 6/16/2022 EUR 40.360
Societe Generale Eff 15.250 6/24/2022 EUR 45.570
Vontobel Financial P 6.750 6/24/2022 EUR 64.480
Vontobel Financial P 14.250 6/24/2022 EUR 78.530
Vontobel Financial P 9.000 6/24/2022 EUR 74.040
Societe Generale Eff 9.250 6/24/2022 EUR 68.150
Societe Generale Eff 11.000 6/24/2022 EUR 72.570
Societe Generale Eff 12.000 6/24/2022 EUR 70.990
Societe Generale Eff 8.500 6/24/2022 EUR 74.570
Vontobel Financial P 12.500 6/24/2022 EUR 77.620
Societe Generale Eff 5.250 6/24/2022 EUR 67.620
Societe Generale Eff 14.250 6/24/2022 EUR 67.480
DZ Bank AG Deutsche 6.500 3/23/2022 EUR 74.160
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 73.180
Leonteq Securities A 7.400 12/01/2023 USD 75.830
Bank Julius Baer & C 10.000 06/02/2022 CHF 52.650
DZ Bank AG Deutsche 11.000 3/23/2022 EUR 74.710
Raiffeisen Centroban 7.500 07/07/2023 EUR 65.540
Zurcher Kantonalbank 12.500 12/02/2022 EUR 73.550
Vontobel Financial P 23.950 06/03/2022 EUR 20.580
Vontobel Financial P 26.800 06/03/2022 EUR 57.860
Landesbank Baden-Wue 2.00011/25/2022 EUR 72.570
Landesbank Baden-Wue 5.75011/25/2022 EUR 73.720
Landesbank Baden-Wue 2.00011/25/2022 EUR 64.210
Landesbank Baden-Wue 8.50011/25/2022 EUR 50.820
Landesbank Baden-Wue 6.60011/25/2022 EUR 50.870
Vontobel Financial P 16.500 6/24/2022 EUR 59.530
Vontobel Financial P 14.000 3/25/2022 EUR 74.550
Vontobel Financial P 12.500 6/24/2022 EUR 65.060
Vontobel Financial P 7.500 3/25/2022 EUR 68.320
Raiffeisen Switzerla 10.800 04/12/2022 CHF 69.570
Basler Kantonalbank 7.600 4/13/2023 CHF 71.360
Bank Vontobel AG 6.008 10/07/2022 CHF 68.800
Bank Vontobel AG 6.008 04/11/2023 EUR 67.900
Landesbank Baden-Wue 4.550 4/25/2022 EUR 72.350
Landesbank Baden-Wue 7.200 4/25/2022 EUR 40.430
Landesbank Baden-Wue 3.750 4/25/2022 EUR 64.560
Landesbank Baden-Wue 6.800 4/25/2022 EUR 71.840
Landesbank Baden-Wue 5.500 4/25/2022 EUR 75.390
Landesbank Baden-Wue 3.600 4/25/2022 EUR 64.770
Landesbank Baden-Wue 6.700 4/25/2022 EUR 44.940
Landesbank Baden-Wue 10.000 4/25/2022 EUR 40.340
Leonteq Securities A 22.340 4/14/2022 CHF 37.970
Zurcher Kantonalbank 15.000 4/22/2022 CHF 64.970
UBS AG/London 5.000 4/14/2023 CHF 69.450
UBS AG/London 6.250 4/14/2023 CHF 71.300
DZ Bank AG Deutsche 9.500 6/22/2022 EUR 65.290
DZ Bank AG Deutsche 8.700 6/24/2022 EUR 69.430
DZ Bank AG Deutsche 11.800 6/24/2022 EUR 64.720
DZ Bank AG Deutsche 10.800 6/24/2022 EUR 67.350
DZ Bank AG Deutsche 12.300 6/24/2022 EUR 68.340
Leonteq Securities A 11.200 11/07/2022 CHF 68.640
Leonteq Securities A 10.000 11/07/2022 CHF 68.000
Leonteq Securities A 11.000 08/10/2022 CHF 63.890
Landesbank Baden-Wue 3.00012/23/2022 EUR 59.630
Raiffeisen Switzerla 10.000 4/16/2024 USD 69.450
Vontobel Financial P 19.500 6/24/2022 EUR 72.860
Vontobel Financial P 11.500 6/24/2022 EUR 73.260
Vontobel Financial P 14.000 6/24/2022 EUR 70.300
Vontobel Financial P 18.000 6/24/2022 EUR 66.560
LP Portfolio Vagyonk 2.80011/30/2030 HUF 70.600
UniCredit Bank AG 10.600 7/22/2022 EUR 73.890
Leonteq Securities A 9.00010/19/2022 USD 80.470
Vontobel Financial P 13.000 6/24/2022 EUR 66.140
Vontobel Financial P 12.500 6/24/2022 EUR 60.720
VTB Bank PJSC 0.010 05/01/2025 RUB 61.550
Landesbank Baden-Wue 2.75011/25/2022 EUR 60.630
Landesbank Baden-Wue 3.20011/25/2022 EUR 40.240
Landesbank Baden-Wue 5.10011/25/2022 EUR 36.540
UBS AG/London 10.000 06/02/2022 CHF 67.500
UBS AG/London 8.250 12/02/2022 CHF 67.600
Sberbank of Russia P 0.010 12/08/2025 RUB 69.200
Bank Vontobel AG 13.259 7/29/2022 CHF 41.000
Vontobel Financial P 0.212 02/03/2023 EUR 55.900
Raiffeisen Switzerla 9.000 7/29/2022 CHF 65.060
UBS AG/London 11.250 02/03/2023 CHF 62.100
UBS AG/London 8.000 02/03/2023 CHF 67.800
UBS AG/London 10.250 08/03/2022 CHF 65.450
UBS AG/London 15.000 08/03/2022 CHF 63.350
Credit Suisse AG/Lon 2.920 04/02/2022 USD 66.350
Raiffeisen Switzerla 10.100 02/08/2023 CHF 74.730
Societe Generale SA 20.000 2/29/2024 USD 17.600
Leonteq Securities A 9.000 02/08/2023 CHF 65.750
Societe Generale SA 16.000 2/29/2024 USD 24.300
Leonteq Securities A 11.000 05/05/2022 CHF 44.430
Leonteq Securities A 11.000 08/05/2022 CHF 67.520
Raiffeisen Switzerla 7.300 1/25/2023 CHF 67.000
Leonteq Securities A 10.000 4/26/2022 CHF 64.820
Leonteq Securities A 15.000 4/28/2022 CHF 67.290
Corner Banca SA 16.000 4/29/2022 CHF 68.090
Leonteq Securities A 9.000 7/29/2022 CHF 64.930
Leonteq Securities A 15.200 4/29/2022 CHF 69.310
Landesbank Baden-Wue 3.100 8/26/2022 EUR 52.320
Landesbank Baden-Wue 6.000 8/26/2022 EUR 41.920
Landesbank Baden-Wue 8.100 8/26/2022 EUR 37.960
Landesbank Baden-Wue 4.650 8/26/2022 EUR 75.940
Landesbank Baden-Wue 6.450 8/26/2022 EUR 70.480
Landesbank Baden-Wue 2.800 8/26/2022 EUR 70.970
Landesbank Baden-Wue 5.550 8/26/2022 EUR 60.330
Landesbank Baden-Wue 4.050 8/26/2022 EUR 32.840
Landesbank Baden-Wue 3.150 8/26/2022 EUR 71.440
EFG International Fi 4.900 12/04/2023 USD 62.330
Bank Vontobel AG 10.000 5/16/2022 CHF 38.900
Societe Generale Eff 16.465 04/06/2022 EUR 62.020
Leonteq Securities A 10.000 4/26/2022 EUR 71.660
EFG International Fi 4.750 1/29/2024 USD 60.020
EFG International Fi 10.000 7/27/2022 CHF 66.300
Zurcher Kantonalbank 10.000 02/03/2023 CHF 68.460
Leonteq Securities A 9.000 02/01/2023 CHF 64.610
UBS AG/London 12.750 5/18/2022 CHF 71.000
Bank Vontobel AG 7.502 5/30/2022 CHF 67.100
Landesbank Baden-Wue 5.00011/25/2022 EUR 75.540
DZ Bank AG Deutsche 9.500 3/23/2022 EUR 71.610
UBS AG/London 15.000 06/03/2022 USD 41.200
EFG International Fi 10.000 06/02/2022 CHF 57.950
Sberbank of Russia P 0.010 12/02/2025 RUB 70.000
SG Issuer SA 1.05011/20/2025 EUR 17.430
Goldman Sachs & Co W 5.000 9/21/2022 EUR 72.870
Societe Generale Eff 4.750 6/24/2022 EUR 61.190
Societe Generale Eff 6.750 6/24/2022 EUR 54.250
Leonteq Securities A 10.000 07/06/2022 EUR 46.390
Sberbank of Russia P 0.946 2/17/2025 RUB 60.300
DZ Bank AG Deutsche 12.600 6/24/2022 EUR 76.310
DZ Bank AG Deutsche 14.500 6/24/2022 EUR 74.230
DZ Bank AG Deutsche 19.800 6/24/2022 EUR 69.530
SG Issuer SA 0.021 6/14/2033 EUR 71.930
DZ Bank AG Deutsche 8.750 9/21/2022 EUR 70.100
DZ Bank AG Deutsche 8.750 6/22/2022 EUR 72.340
DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.270
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 74.990
Vontobel Financial P 5.750 6/24/2022 EUR 72.270
Leonteq Securities A 7.000 07/06/2022 EUR 38.960
Raiffeisen Schweiz G 12.000 07/12/2022 CHF 70.760
Raiffeisen Schweiz G 14.000 07/12/2022 CHF 46.520
Leonteq Securities A 6.000 8/17/2022 CHF 74.280
DZ Bank AG Deutsche 17.100 6/24/2022 EUR 53.830
DZ Bank AG Deutsche 16.500 6/24/2022 EUR 72.100
DZ Bank AG Deutsche 18.700 6/24/2022 EUR 70.340
DZ Bank AG Deutsche 8.500 3/23/2022 EUR 72.100
Vontobel Financial P 14.000 6/24/2022 EUR 57.170
DZ Bank AG Deutsche 6.000 9/21/2022 EUR 75.710
Leonteq Securities A 24.600 8/26/2022 USD 49.890
Raiffeisen Schweiz G 5.400 8/17/2022 CHF 74.040
Bank Julius Baer & C 9.50010/13/2022 CHF 47.150
Bank Julius Baer & C 6.70010/13/2022 CHF 74.000
Leonteq Securities A 12.000 06/08/2022 CHF 42.100
Leonteq Securities A 11.000 06/07/2022 CHF 60.210
Vontobel Financial P 12.800 06/08/2022 USD 64.170
UniCredit Bank AG 5.800 01/12/2024 EUR 64.360
DZ Bank AG Deutsche 16.400 9/23/2022 EUR 68.750
DZ Bank AG Deutsche 23.000 9/23/2022 EUR 60.520
DZ Bank AG Deutsche 11.100 9/23/2022 EUR 62.590
Vontobel Financial P 12.500 9/23/2022 EUR 70.760
Vontobel Financial P 6.250 6/24/2022 EUR 72.260
UniCredit Bank AG 7.450 09/07/2022 EUR 49.560
DZ Bank AG Deutsche 20.100 9/23/2022 EUR 26.540
DZ Bank AG Deutsche 18.300 9/23/2022 EUR 60.760
DZ Bank AG Deutsche 20.800 9/23/2022 EUR 60.540
Leonteq Securities A 13.000 6/21/2022 CHF 43.930
DZ Bank AG Deutsche 18.000 9/23/2022 EUR 40.920
Vontobel Financial P 11.050 12/08/2022 EUR 61.980
EFG International Fi 6.00012/22/2023 USD 16.150
DZ Bank AG Deutsche 12.900 9/23/2022 EUR 43.560
EFG International Fi 17.000 08/11/2022 CHF 66.040
EFG International Fi 15.000 2/13/2023 EUR 43.920
BNP Paribas Emission 10.000 6/23/2022 EUR 70.920
BNP Paribas Emission 8.000 9/22/2022 EUR 74.140
BNP Paribas Emission 10.000 6/23/2022 EUR 70.930
BNP Paribas Emission 15.000 6/23/2022 EUR 63.070
BNP Paribas Emission 12.000 9/22/2022 EUR 67.060
BNP Paribas Emission 15.000 9/22/2022 EUR 65.980
BNP Paribas Emission 12.00012/22/2022 EUR 68.740
BNP Paribas Emission 14.00012/22/2022 EUR 64.580
BNP Paribas Emission 12.000 9/22/2022 EUR 71.070
Zurcher Kantonalbank 8.00012/14/2022 CHF 70.480
DZ Bank AG Deutsche 15.000 8/24/2022 EUR 64.020
DZ Bank AG Deutsche 11.000 3/23/2022 EUR 68.990
DZ Bank AG Deutsche 10.000 8/24/2022 EUR 71.080
DZ Bank AG Deutsche 12.250 6/22/2022 EUR 73.230
Vontobel Financial P 9.000 6/24/2022 EUR 67.410
Vontobel Financial P 11.500 6/24/2022 EUR 68.020
Vontobel Financial P 8.000 9/23/2022 EUR 73.380
Vontobel Financial P 8.000 6/24/2022 EUR 71.680
Vontobel Financial P 20.000 6/24/2022 EUR 67.800
Vontobel Financial P 24.000 6/24/2022 EUR 56.620
Vontobel Financial P 7.500 9/23/2022 EUR 56.730
Raiffeisen Schweiz G 10.000 02/06/2023 EUR 41.800
Raiffeisen Schweiz G 12.000 11/09/2022 CHF 44.530
EFG International Fi 4.90012/15/2023 USD 62.740
Bank Julius Baer & C 5.250 08/10/2022 CHF 65.900
Leonteq Securities A 12.000 6/15/2022 CHF 40.130
Zurcher Kantonalbank 29.000 8/17/2022 CHF 57.850
DZ Bank AG Deutsche 17.400 6/24/2022 EUR 78.480
DZ Bank AG Deutsche 18.000 9/23/2022 EUR 66.050
DZ Bank AG Deutsche 12.700 9/23/2022 EUR 60.390
Vontobel Financial P 15.000 6/24/2022 EUR 74.920
Vontobel Financial P 9.500 9/23/2022 EUR 69.150
Vontobel Financial P 12.250 6/24/2022 EUR 57.950
Vontobel Financial P 4.050 7/15/2022 EUR 31.860
DZ Bank AG Deutsche 6.50012/19/2022 EUR 74.010
DZ Bank AG Deutsche 8.75012/19/2022 EUR 72.260
Raiffeisen Schweiz G 15.000 9/27/2022 CHF 43.440
Raiffeisen Schweiz G 18.500 9/27/2022 USD 53.900
DZ Bank AG Deutsche 7.500 9/23/2022 EUR 66.100
Vontobel Financial P 11.500 9/23/2022 EUR 65.360
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 72.040
DZ Bank AG Deutsche 9.50012/21/2022 EUR 74.590
DZ Bank AG Deutsche 7.750 3/23/2022 EUR 70.450
DZ Bank AG Deutsche 6.25012/21/2022 EUR 70.740
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 67.610
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 74.670
DZ Bank AG Deutsche 10.50012/21/2022 EUR 71.680
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 66.790
DZ Bank AG Deutsche 7.750 3/23/2022 EUR 61.400
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 65.320
DZ Bank AG Deutsche 6.25012/21/2022 EUR 68.470
DZ Bank AG Deutsche 8.75012/21/2022 EUR 66.950
DZ Bank AG Deutsche 11.50012/21/2022 EUR 72.400
Societe Generale Eff 8.500 8/26/2022 EUR 55.110
Leonteq Securities A 29.500 9/27/2022 CHF 57.370
Zurcher Kantonalbank 20.250 8/16/2022 CHF 64.860
Bank Vontobel AG 9.500 02/06/2023 CHF 68.300
Bank Vontobel AG 11.000 02/06/2023 CHF 65.400
DekaBank Deutsche Gi 2.900 1/13/2023 EUR 55.010
DZ Bank AG Deutsche 6.500 9/19/2022 EUR 75.360
DZ Bank AG Deutsche 4.75012/19/2022 EUR 72.050
DZ Bank AG Deutsche 10.000 9/19/2022 EUR 73.880
Leonteq Securities A 26.460 08/09/2022 CHF 39.620
DZ Bank AG Deutsche 9.000 6/22/2022 EUR 72.320
DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.420
Vontobel Financial P 2.000 9/23/2022 EUR 59.330
Bank Vontobel AG 10.253 6/14/2022 EUR 63.300
Vontobel Financial P 6.500 6/24/2022 EUR 68.070
Vontobel Financial P 16.500 9/23/2022 EUR 70.660
Vontobel Financial P 19.000 9/23/2022 EUR 68.780
Vontobel Financial P 9.000 9/23/2022 EUR 68.300
Raiffeisen Schweiz G 10.250 02/06/2023 CHF 65.450
Vontobel Financial P 13.000 6/24/2022 EUR 74.640
Leonteq Securities A 10.000 6/15/2022 CHF 70.670
Zurcher Kantonalbank 30.000 8/17/2022 USD 43.380
Bank Julius Baer & C 14.500 02/10/2023 CHF 53.300
Leonteq Securities A 22.310 08/10/2022 USD 28.340
EFG International Fi 6.20012/18/2023 USD 15.980
UBS AG/London 22.500 6/16/2022 USD 51.000
UBS AG/London 14.500 6/16/2022 CHF 66.650
UBS AG/London 11.750 6/16/2022 CHF 66.250
Zurcher Kantonalbank 10.000 6/28/2022 CHF 73.520
Zurcher Kantonalbank 10.000 8/18/2022 CHF 53.220
DZ Bank AG Deutsche 18.500 9/23/2022 EUR 75.880
DZ Bank AG Deutsche 14.800 9/23/2022 EUR 72.280
DZ Bank AG Deutsche 9.500 9/23/2022 EUR 73.460
DZ Bank AG Deutsche 14.500 9/23/2022 EUR 58.760
Vontobel Financial P 13.500 6/24/2022 EUR 68.440
Vontobel Financial P 12.500 6/24/2022 EUR 54.940
UniCredit Bank AG 9.650 09/07/2022 EUR 50.860
DZ Bank AG Deutsche 16.300 9/23/2022 EUR 63.010
DZ Bank AG Deutsche 20.400 9/23/2022 EUR 58.880
DZ Bank AG Deutsche 11.100 9/23/2022 EUR 70.270
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 37.050
DZ Bank AG Deutsche 11.250 7/20/2022 EUR 45.400
DZ Bank AG Deutsche 14.750 7/20/2022 EUR 66.840
Erste Group Bank AG 9.000 1/31/2024 EUR 70.000
Vontobel Financial P 7.500 6/24/2022 EUR 71.400
UniCredit Bank AG 7.650 7/18/2022 EUR 44.950
Vontobel Financial P 16.500 6/24/2022 EUR 73.170
Vontobel Financial P 11.500 6/24/2022 EUR 65.760
Vontobel Financial P 6.000 6/24/2022 EUR 66.770
Vontobel Financial P 7.500 6/24/2022 EUR 62.940
Zurcher Kantonalbank 8.000 6/30/2022 CHF 68.420
Zurcher Kantonalbank 19.000 6/30/2022 USD 55.450
Zurcher Kantonalbank 18.000 6/30/2022 CHF 55.140
Bank Vontobel AG 7.000 9/19/2022 CHF 61.600
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 71.810
Bank Vontobel AG 12.500 6/20/2022 CHF 68.000
Bank Vontobel AG 14.000 9/19/2022 CHF 42.900
Zurcher Kantonalbank 8.000 6/21/2023 CHF 66.630
Zurcher Kantonalbank 12.000 6/21/2022 CHF 61.560
DZ Bank AG Deutsche 7.75012/23/2022 EUR 69.700
DZ Bank AG Deutsche 7.300 6/24/2022 EUR 75.900
Vontobel Financial P 9.350 6/24/2022 EUR 75.930
Vontobel Financial P 6.250 6/24/2022 EUR 67.910
Vontobel Financial P 9.250 6/24/2022 EUR 52.010
Luzerner Kantonalban 10.12012/23/2022 CHF 43.350
Basler Kantonalbank 9.00012/23/2022 CHF 68.040
EFG International Fi 17.000 6/23/2022 CHF 44.570
Leonteq Securities A 14.000 9/14/2022 EUR 41.450
Corner Banca SA 12.000 6/14/2022 CHF 72.720
Leonteq Securities A 10.00012/14/2022 CHF 64.430
Vontobel Financial P 7.500 6/24/2022 EUR 51.130
UniCredit Bank AG 7.650 7/18/2022 EUR 73.160
Vontobel Financial P 14.500 6/24/2022 EUR 62.010
Vontobel Financial P 12.000 6/24/2022 EUR 75.870
Vontobel Financial P 13.500 6/24/2022 EUR 73.650
Vontobel Financial P 10.500 6/24/2022 EUR 78.220
Vontobel Financial P 7.500 6/24/2022 EUR 68.980
Leonteq Securities A 21.350 6/22/2022 CHF 62.590
Vontobel Financial P 11.000 6/24/2022 EUR 68.280
Bank Vontobel AG 14.00012/19/2022 CHF 31.600
Bank Vontobel AG 6.752 9/19/2022 CHF 63.500
Zurcher Kantonalbank 11.000 6/21/2022 CHF 61.970
DZ Bank AG Deutsche 6.10012/23/2022 EUR 75.600
Societe Generale Eff 11.500 5/27/2022 EUR 58.240
Vontobel Financial P 12.750 6/24/2022 EUR 64.910
Vontobel Financial P 19.500 6/24/2022 EUR 71.800
Basler Kantonalbank 12.00012/23/2022 CHF 69.260
Leonteq Securities A 11.00012/14/2022 CHF 71.080
Vontobel Financial P 9.500 6/24/2022 EUR 67.030
Credit Suisse AG/Lon 14.500 6/23/2022 CHF 65.310
Credit Suisse AG/Lon 11.000 4/15/2022 USD 34.870
Vontobel Financial P 12.500 6/24/2022 EUR 73.470
Vontobel Financial P 15.500 6/24/2022 EUR 69.930
Vontobel Financial P 9.000 6/24/2022 EUR 72.360
Vontobel Financial P 9.000 6/24/2022 EUR 60.820
Vontobel Financial P 14.000 6/24/2022 EUR 57.000
Vontobel Financial P 14.000 6/24/2022 EUR 64.330
Vontobel Financial P 8.500 6/24/2022 EUR 72.800
Vontobel Financial P 16.500 6/24/2022 EUR 61.500
Vontobel Financial P 15.500 6/24/2022 EUR 62.940
Vontobel Financial P 16.000 6/24/2022 EUR 69.060
Vontobel Financial P 12.500 6/24/2022 EUR 71.670
Vontobel Financial P 15.500 6/24/2022 EUR 69.020
Vontobel Financial P 11.500 6/24/2022 EUR 73.240
Zurcher Kantonalbank 11.000 4/19/2022 EUR 70.900
Bank Julius Baer & C 13.000 4/20/2022 USD 43.300
Raiffeisen Schweiz G 14.000 06/01/2022 CHF 70.200
Vontobel Financial P 26.350 06/06/2022 EUR 56.130
Vontobel Financial P 20.000 6/24/2022 EUR 55.980
Vontobel Financial P 16.500 6/24/2022 EUR 26.290
UniCredit Bank AG 13.300 07/07/2022 EUR 72.690
Bank Julius Baer & C 8.800 09/05/2022 EUR 63.800
Leonteq Securities A 11.000 09/07/2022 CHF 64.860
Leonteq Securities A 23.390 4/19/2022 CHF 33.590
Zurcher Kantonalbank 8.000 4/22/2022 CHF 73.990
Zurcher Kantonalbank 9.850 4/22/2022 CHF 68.110
Raiffeisen Schweiz G 6.500 07/12/2022 CHF 71.700
Vontobel Financial P 14.500 6/24/2022 EUR 70.700
Vontobel Financial P 13.000 6/24/2022 EUR 72.470
Vontobel Financial P 12.000 6/24/2022 EUR 67.150
Vontobel Financial P 11.500 6/24/2022 EUR 58.790
Vontobel Financial P 7.000 6/24/2022 EUR 63.230
Vontobel Financial P 9.500 6/24/2022 EUR 71.480
Vontobel Financial P 11.500 6/24/2022 EUR 67.590
Vontobel Financial P 10.000 6/24/2022 EUR 70.070
Vontobel Financial P 13.500 6/24/2022 EUR 65.450
Vontobel Financial P 19.500 6/24/2022 EUR 58.190
Vontobel Financial P 10.500 6/24/2022 EUR 69.640
Vontobel Financial P 13.500 6/24/2022 EUR 64.880
Vontobel Financial P 3.500 6/24/2022 EUR 69.150
Vontobel Financial P 14.000 6/24/2022 EUR 71.640
Vontobel Financial P 16.500 6/24/2022 EUR 67.690
Corner Banca SA 12.000 06/01/2022 CHF 44.420
Landesbank Baden-Wue 5.00011/25/2022 EUR 53.240
Landesbank Baden-Wue 4.35011/25/2022 EUR 54.420
Landesbank Baden-Wue 5.40011/25/2022 EUR 52.390
Landesbank Baden-Wue 5.90011/25/2022 EUR 64.780
EFG International Fi 24.000 06/07/2022 USD 28.940
Zurcher Kantonalbank 10.500 06/10/2022 CHF 66.650
Zurcher Kantonalbank 19.000 06/10/2022 USD 60.420
Zurcher Kantonalbank 22.750 06/10/2022 USD 56.240
Zurcher Kantonalbank 21.750 06/10/2022 CHF 66.790
Zurcher Kantonalbank 13.000 06/10/2022 CHF 56.710
Raiffeisen Schweiz G 12.000 06/01/2022 CHF 54.560
Bank Julius Baer & C 8.500 06/03/2022 USD 76.950
Leonteq Securities A 23.690 06/03/2022 CHF 29.470
Leonteq Securities A 23.290 06/03/2022 CHF 67.320
Corner Banca SA 13.000 4/20/2022 CHF 72.060
Corner Banca SA 12.00010/19/2022 EUR 72.970
Vontobel Financial P 9.000 6/24/2022 EUR 65.110
Vontobel Financial P 4.000 6/24/2022 EUR 49.030
Leonteq Securities A 8.410 4/21/2022 EUR 50.080
DZ Bank AG Deutsche 9.750 6/22/2022 EUR 66.460
DZ Bank AG Deutsche 8.000 3/23/2022 EUR 65.280
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 66.890
DZ Bank AG Deutsche 5.750 3/23/2022 EUR 74.200
DZ Bank AG Deutsche 7.750 6/22/2022 EUR 69.120
DZ Bank AG Deutsche 9.250 3/23/2022 EUR 71.610
Zurcher Kantonalbank 10.000 06/02/2022 CHF 66.010
UBS AG/London 14.750 5/25/2022 CHF 39.650
Vontobel Financial P 18.000 6/24/2022 EUR 61.060
Vontobel Financial P 11.000 6/24/2022 EUR 69.120
Societe Generale Eff 10.250 6/24/2022 EUR 65.010
Societe Generale Eff 6.500 7/22/2022 EUR 68.880
Societe Generale Eff 10.000 7/22/2022 EUR 71.860
Societe Generale Eff 11.000 7/22/2022 EUR 70.430
Vontobel Financial P 12.250 6/24/2022 EUR 64.980
Vontobel Financial P 15.000 6/24/2022 EUR 69.310
Societe Generale Eff 8.000 7/22/2022 EUR 75.010
Vontobel Financial P 12.000 6/24/2022 EUR 71.190
Societe Generale Eff 10.500 7/22/2022 EUR 61.790
Societe Generale Eff 4.000 7/22/2022 EUR 69.320
Vontobel Financial P 12.400 3/16/2022 EUR 35.260
Vontobel Financial P 18.500 6/24/2022 EUR 48.430
Vontobel Financial P 7.000 6/24/2022 EUR 58.990
Vontobel Financial P 4.500 6/24/2022 EUR 52.680
DZ Bank AG Deutsche 12.000 6/24/2022 EUR 60.400
DZ Bank AG Deutsche 13.900 6/24/2022 EUR 57.770
Leonteq Securities A 8.000 6/28/2023 CHF 73.420
DZ Bank AG Deutsche 24.500 6/24/2022 EUR 53.560
Landesbank Baden-Wue 2.500 6/24/2022 EUR 53.370
Leonteq Securities A 18.000 9/28/2022 CHF 65.670
Leonteq Securities A 14.00012/28/2022 CHF 56.910
Leonteq Securities A 16.000 6/28/2022 CHF 42.950
Corner Banca SA 14.000 9/28/2022 CHF 68.220
Leonteq Securities A 17.000 6/28/2022 CHF 41.410
Raiffeisen Schweiz G 12.00012/28/2022 CHF 77.010
Leonteq Securities A 6.400 6/28/2023 CHF 65.810
Leonteq Securities A 12.000 6/28/2022 CHF 26.350
Leonteq Securities A 13.000 6/28/2022 EUR 73.520
Leonteq Securities A 22.560 6/24/2022 CHF 31.110
Leonteq Securities A 26.030 6/24/2022 CHF 38.530
Societe Generale Eff 3.000 6/24/2022 EUR 77.400
Landesbank Baden-Wue 4.200 6/24/2022 EUR 49.690
Landesbank Baden-Wue 7.150 6/24/2022 EUR 45.320
Landesbank Baden-Wue 9.500 6/24/2022 EUR 43.890
Vontobel Financial P 21.000 6/24/2022 EUR 69.760
Vontobel Financial P 11.500 6/24/2022 EUR 69.690
Vontobel Financial P 3.500 9/23/2022 EUR 65.130
Vontobel Financial P 3.000 6/24/2022 EUR 65.360
Vontobel Financial P 8.500 9/23/2022 EUR 55.790
Vontobel Financial P 15.000 9/23/2022 EUR 50.590
Vontobel Financial P 6.500 9/23/2022 EUR 65.890
Zurcher Kantonalbank 19.000 7/22/2022 CHF 59.430
Vontobel Financial P 7.500 9/23/2022 EUR 68.290
Raiffeisen Schweiz G 6.500 01/12/2023 CHF 70.450
Vontobel Financial P 10.000 07/06/2022 EUR 72.720
Landesbank Baden-Wue 10.500 6/24/2022 EUR 42.030
Landesbank Baden-Wue 4.000 6/24/2022 EUR 72.390
Landesbank Baden-Wue 5.500 6/24/2022 EUR 50.090
Landesbank Baden-Wue 7.250 7/22/2022 EUR 73.080
Leonteq Securities A 11.000 01/11/2023 CHF 48.690
Leonteq Securities A 12.000 01/11/2023 CHF 71.850
DZ Bank AG Deutsche 5.000 9/19/2022 EUR 72.040
DZ Bank AG Deutsche 6.250 9/19/2022 EUR 74.470
Leonteq Securities A 17.000 01/12/2023 USD 70.750
Raiffeisen Schweiz G 18.000 10/12/2022 CHF 63.220
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 72.790
DZ Bank AG Deutsche 9.250 9/21/2022 EUR 73.670
Landesbank Baden-Wue 3.000 8/25/2023 EUR 65.550
UniCredit Bank AG 4.000 06/07/2022 EUR 71.520
UniCredit Bank AG 3.700 06/04/2022 EUR 48.810
Leonteq Securities A 7.000 7/15/2022 CHF 78.550
Zurcher Kantonalbank 7.000 7/25/2022 CHF 75.570
Zurcher Kantonalbank 8.500 7/25/2022 CHF 64.520
Credit Suisse AG/Lon 8.000 4/14/2022 CHF 59.960
Credit Suisse AG/Lon 12.000 4/15/2022 USD 46.310
Raiffeisen Switzerla 7.500 7/14/2022 CHF 63.110
Raiffeisen Switzerla 13.000 7/14/2022 CHF 67.560
Raiffeisen Schweiz G 11.000 7/14/2022 CHF 49.160
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 64.660
Leonteq Securities A 12.000 4/21/2022 CHF 60.870
EFG International Fi 6.300 5/18/2023 USD 35.290
DZ Bank AG Deutsche 6.500 3/23/2022 EUR 65.500
DZ Bank AG Deutsche 6.250 3/23/2022 EUR 72.090
DZ Bank AG Deutsche 4.250 6/22/2022 EUR 71.040
Societe Generale Eff 3.250 5/27/2022 EUR 76.080
Societe Generale Eff 11.250 5/27/2022 EUR 47.530
Societe Generale Eff 13.250 5/27/2022 EUR 44.670
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 69.480
DZ Bank AG Deutsche 12.250 3/23/2022 EUR 71.860
DZ Bank AG Deutsche 10.000 6/22/2022 EUR 72.660
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 73.900
DZ Bank AG Deutsche 9.000 3/23/2022 EUR 71.600
DZ Bank AG Deutsche 12.000 3/23/2022 EUR 61.470
Societe Generale Eff 15.250 5/27/2022 EUR 42.400
Goldman Sachs & Co W 7.000 4/21/2022 EUR 65.120
Goldman Sachs & Co W 7.000 5/25/2022 EUR 64.370
Goldman Sachs & Co W 6.000 6/22/2022 EUR 64.950
Goldman Sachs & Co W 7.000 6/22/2022 EUR 64.700
Goldman Sachs & Co W 6.000 9/21/2022 EUR 65.470
Goldman Sachs & Co W 7.00012/21/2022 EUR 68.270
DZ Bank AG Deutsche 5.000 3/23/2022 EUR 61.360
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 61.390
Leonteq Securities A 20.940 5/19/2022 CHF 62.220
Corner Banca SA 6.50011/21/2022 CHF 50.850
Corner Banca SA 7.60011/18/2022 USD 50.910
Zurcher Kantonalbank 13.250 5/31/2022 CHF 55.600
Zurcher Kantonalbank 10.500 5/27/2022 USD 67.100
UBS AG/London 7.25011/21/2022 CHF 67.400
UBS AG/London 8.25011/21/2022 CHF 56.350
Technoleasing LLC 10.750 4/16/2026 RUB 68.010
Bank Vontobel AG 7.00411/14/2022 CHF 74.000
Bank Vontobel AG 9.25611/14/2022 CHF 66.700
Bank Vontobel AG 5.755 5/15/2023 CHF 66.300
EFG International Fi 13.00011/14/2022 CHF 56.620
Societe Generale Eff 7.500 5/27/2022 EUR 57.550
Raiffeisen Centroban 6.500 06/09/2023 EUR 69.130
Leonteq Securities A 5.050 06/02/2023 EUR 66.190
Landesbank Baden-Wue 6.300 6/24/2022 EUR 72.970
Landesbank Baden-Wue 3.100 6/24/2022 EUR 66.330
Landesbank Baden-Wue 4.350 6/24/2022 EUR 63.700
Landesbank Baden-Wue 8.300 5/27/2022 EUR 69.920
Landesbank Baden-Wue 4.550 5/27/2022 EUR 46.790
Landesbank Baden-Wue 6.400 5/27/2022 EUR 43.930
Landesbank Baden-Wue 8.500 5/27/2022 EUR 41.540
Landesbank Baden-Wue 3.500 5/27/2022 EUR 72.000
Landesbank Baden-Wue 5.150 5/27/2022 EUR 67.490
Landesbank Baden-Wue 7.000 5/27/2022 EUR 63.520
Landesbank Baden-Wue 4.800 5/27/2022 EUR 48.530
Landesbank Baden-Wue 7.700 5/27/2022 EUR 42.880
Landesbank Baden-Wue 3.550 6/24/2022 EUR 68.820
Landesbank Baden-Wue 2.050 6/24/2022 EUR 69.260
Landesbank Baden-Wue 3.300 5/27/2022 EUR 50.320
Landesbank Baden-Wue 6.700 5/27/2022 EUR 42.660
Landesbank Baden-Wue 13.880 5/27/2022 EUR 73.910
EFG International Fi 14.00011/21/2022 CHF 34.710
Leonteq Securities A 14.200 09/01/2022 CHF 62.680
Bank Julius Baer & C 8.800 5/19/2022 EUR 66.850
Leonteq Securities A 16.000 5/25/2022 CHF 21.810
DZ Bank AG Deutsche 12.640 5/27/2022 EUR 67.790
DZ Bank AG Deutsche 9.270 6/24/2022 EUR 49.610
Credit Suisse AG/Lon 12.500 8/22/2022 CHF 67.150
Leonteq Securities A 7.600 03/09/2023 EUR 74.350
Bank Julius Baer & C 6.300 07/06/2022 CHF 72.750
Zurcher Kantonalbank 11.250 07/06/2022 EUR 47.870
Societe Generale SA 16.000 08/01/2024 USD 39.150
Societe Generale SA 18.000 08/01/2024 USD 38.700
Societe Generale SA 15.000 08/01/2024 USD 44.300
DZ Bank AG Deutsche 7.500 7/20/2022 EUR 71.870
Vontobel Financial P 20.000 6/24/2022 EUR 68.850
DZ Bank AG Deutsche 4.750 9/21/2022 EUR 66.330
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 71.190
DZ Bank AG Deutsche 7.750 3/23/2022 EUR 71.220
Vontobel Financial P 8.000 6/24/2022 EUR 56.890
Vontobel Financial P 4.000 6/24/2022 EUR 74.830
Vontobel Financial P 8.000 6/24/2022 EUR 49.600
Vontobel Financial P 17.000 6/24/2022 EUR 72.790
Vontobel Financial P 7.250 6/24/2022 EUR 65.230
Vontobel Financial P 16.450 6/24/2022 EUR 75.330
Zurcher Kantonalbank 12.000 7/14/2022 CHF 47.480
Bank Vontobel AG 6.000 01/04/2023 CHF 69.900
Bank Vontobel AG 8.500 01/03/2023 EUR 71.100
Bank Vontobel AG 7.500 01/03/2023 EUR 45.600
Bank Vontobel AG 9.250 01/04/2023 CHF 38.300
Basler Kantonalbank 11.000 01/09/2023 CHF 65.270
EFG International Fi 10.000 01/09/2023 USD 47.490
EFG International Fi 17.000 07/08/2022 USD 47.130
Raiffeisen Schweiz G 8.000 01/05/2023 CHF 68.580
Zurcher Kantonalbank 7.500 4/29/2022 CHF 48.020
Zurcher Kantonalbank 8.000 4/29/2022 USD 48.100
UBS AG/London 15.250 7/21/2022 USD 45.550
Bank Vontobel AG 7.506 7/15/2022 CHF 63.600
DZ Bank AG Deutsche 6.750 3/23/2022 EUR 65.510
DZ Bank AG Deutsche 5.000 3/23/2022 EUR 64.630
Vontobel Financial P 9.000 6/24/2022 EUR 69.410
Goldman Sachs & Co W 6.000 3/22/2023 EUR 72.610
Vontobel Financial P 5.500 6/24/2022 EUR 71.450
Vontobel Financial P 8.750 6/24/2022 EUR 62.640
Vontobel Financial P 11.750 6/24/2022 EUR 56.220
Vontobel Financial P 14.750 6/24/2022 EUR 66.150
Vontobel Financial P 11.750 6/24/2022 EUR 74.230
Vontobel Financial P 12.000 6/24/2022 EUR 65.710
Vontobel Financial P 14.250 6/24/2022 EUR 68.690
Vontobel Financial P 14.500 6/24/2022 EUR 66.390
Vontobel Financial P 21.000 6/24/2022 EUR 59.150
Vontobel Financial P 19.000 6/24/2022 EUR 61.320
Vontobel Financial P 15.000 6/24/2022 EUR 73.690
Vontobel Financial P 16.500 6/24/2022 EUR 74.080
Vontobel Financial P 5.550 5/18/2022 EUR 55.800
Raiffeisen Schweiz G 12.000 8/17/2022 CHF 63.270
Vontobel Financial P 15.500 6/24/2022 EUR 75.580
Vontobel Financial P 20.500 6/24/2022 EUR 70.780
EFG International Fi 5.250 5/18/2023 EUR 68.750
Bank Julius Baer & C 11.200 5/18/2022 CHF 48.550
Bank Julius Baer & C 7.300 5/18/2022 CHF 70.400
Zurcher Kantonalbank 27.000 5/27/2022 USD 72.710
DZ Bank AG Deutsche 4.250 3/23/2022 EUR 68.930
Societe Generale Eff 9.250 5/27/2022 EUR 51.330
DZ Bank AG Deutsche 11.750 6/22/2022 EUR 66.960
Goldman Sachs & Co W 6.000 4/21/2022 EUR 65.270
Goldman Sachs & Co W 6.000 5/25/2022 EUR 64.600
Goldman Sachs & Co W 7.000 9/21/2022 EUR 66.200
Goldman Sachs & Co W 6.00012/21/2022 EUR 67.380
Credit Suisse AG/Lon 10.000 5/19/2022 CHF 47.700
UBS AG/London 10.25011/21/2022 CHF 51.750
UniCredit Bank AG 3.450 04/02/2024 EUR 70.410
EFG International Fi 18.000 6/30/2022 EUR 68.520
Zurcher Kantonalbank 15.250 07/06/2022 CHF 54.410
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 69.470
DZ Bank AG Deutsche 5.750 7/20/2022 EUR 64.520
DZ Bank AG Deutsche 7.000 9/21/2022 EUR 67.460
Leonteq Securities A 22.520 07/06/2022 CHF 26.940
Leonteq Securities A 20.000 07/06/2022 CHF 43.710
Vontobel Financial P 12.500 6/24/2022 EUR 58.050
Vontobel Financial P 5.000 6/24/2022 EUR 58.280
Vontobel Financial P 8.000 6/24/2022 EUR 59.910
Vontobel Financial P 9.000 6/24/2022 EUR 55.450
DekaBank Deutsche Gi 4.250 4/14/2022 EUR 38.070
Raiffeisen Switzerla 8.500 7/14/2022 CHF 63.670
UBS AG/London 13.500 07/07/2022 CHF 68.800
UBS AG/London 8.750 01/09/2023 CHF 60.800
UBS AG/London 8.250 07/07/2022 CHF 66.900
UBS AG/London 9.750 6/30/2022 CHF 51.350
DZ Bank AG Deutsche 4.750 3/23/2022 EUR 61.350
DZ Bank AG Deutsche 6.500 3/23/2022 EUR 61.380
EFG International Fi 9.350 01/12/2023 CHF 56.870
Zurcher Kantonalbank 8.250 7/20/2022 EUR 49.900
UniCredit Bank AG 4.50010/26/2022 EUR 71.210
Landesbank Baden-Wue 3.00012/23/2022 EUR 65.330
Raiffeisen Schweiz G 5.000 04/05/2022 CHF 73.840
UniCredit Bank AG 3.700 6/25/2022 EUR 46.210
Landesbank Baden-Wue 2.500 8/25/2023 EUR 63.400
UniCredit Bank AG 4.250 6/28/2022 EUR 47.050
UniCredit Bank AG 3.850 6/28/2022 EUR 70.320
UniCredit Bank AG 3.800 6/28/2022 EUR 34.540
Landesbank Baden-Wue 2.600 4/28/2023 EUR 67.320
UniCredit Bank AG 3.750 3/26/2022 EUR 63.360
UniCredit Bank AG 3.250 3/29/2022 EUR 17.550
SG Issuer SA 9.180 1/20/2025 SEK 53.370
UniCredit Bank AG 3.600 3/29/2022 EUR 65.020
Landesbank Baden-Wue 2.810 3/24/2023 EUR 63.370
Landesbank Baden-Wue 2.600 4/25/2022 EUR 71.240
Landesbank Baden-Wue 2.800 4/25/2022 EUR 69.910
Leonteq Securities A 5.600 5/16/2022 CHF 55.960
Landesbank Baden-Wue 2.300 7/22/2022 EUR 69.520
Landesbank Baden-Wue 2.000 7/22/2022 EUR 73.120
Citigroup Global Mar 7.200 5/24/2023 SEK 64.270
Landesbank Baden-Wue 3.000 6/23/2023 EUR 70.970
Landesbank Baden-Wue 3.25012/23/2022 EUR 64.480
DekaBank Deutsche Gi 1.000 1/20/2025 EUR 52.950
Leonteq Securities A 12.000 6/28/2022 CHF 72.090
EFG International Fi 4.90012/28/2023 USD 63.090
EFG International Fi 7.00012/29/2022 USD 8.770
Bank Vontobel AG 9.504 6/30/2022 CHF 46.600
UBS AG/London 15.500 6/30/2022 CHF 68.500
VTB Bank PJSC 0.010 12/09/2025 RUB 72.800
Leonteq Securities A 9.000 6/30/2022 CHF 74.270
Bank Vontobel AG 7.760 6/27/2022 CHF 68.800
Bank Vontobel AG 8.252 6/27/2022 CHF 69.300
UBS AG/London 12.500 6/23/2022 USD 43.700
UBS AG/London 6.25012/23/2022 CHF 53.800
DekaBank Deutsche Gi 2.500 02/02/2024 EUR 65.590
UBS AG/London 12.750 01/03/2023 CHF 73.500
UBS AG/London 7.500 6/23/2022 CHF 65.750
UBS AG/London 13.000 6/23/2022 CHF 43.950
UBS AG/London 8.750 6/23/2022 CHF 42.850
Bank Vontobel AG 6.254 6/30/2022 CHF 79.300
UBS AG/London 10.500 6/30/2022 CHF 70.750
VTB Bank PJSC 0.01011/25/2025 RUB 74.560
UBS AG/London 10.750 07/07/2022 EUR 72.700
UBS AG/London 16.250 07/07/2022 CHF 64.950
UBS AG/London 16.300 01/08/2024 EUR 6.020
UBS AG/London 16.500 6/30/2022 USD 33.600
Leonteq Securities A 15.000 3/30/2022 CHF 54.460
Landesbank Baden-Wue 5.05010/28/2022 EUR 61.080
Bank Vontobel AG 6.007 9/26/2022 CHF 61.000
Bank Vontobel AG 9.000 9/26/2022 EUR 72.900
Bank Vontobel AG 4.255 6/27/2022 CHF 59.000
Bank Vontobel AG 14.006 9/26/2022 CHF 38.500
Bank Vontobel AG 15.009 6/27/2022 CHF 40.300
Raiffeisen Switzerla 11.750 10/06/2022 CHF 69.160
Zurcher Kantonalbank 10.500 04/08/2022 CHF 68.280
UBS AG/London 10.250 9/30/2022 CHF 70.300
UBS AG/London 16.000 9/30/2022 CHF 42.300
Landesbank Baden-Wue 4.05010/28/2022 EUR 75.530
Bank Vontobel AG 6.007 9/26/2022 CHF 61.000
Bank Vontobel AG 9.009 9/26/2022 EUR 72.900
Bank Vontobel AG 12.751 6/27/2022 CHF 39.200
Bank Vontobel AG 22.008 6/27/2022 CHF 61.900
Bank Vontobel AG 28.506 3/28/2022 CHF 53.900
UniCredit Bank AG 7.850 4/21/2022 EUR 64.960
EFG International Fi 6.000 3/30/2023 USD 72.790
Leonteq Securities A 14.000 07/06/2022 CHF 67.550
Zurcher Kantonalbank 17.250 4/14/2022 CHF 55.770
UBS AG/London 9.500 9/30/2022 CHF 64.750
UBS AG/London 6.500 3/31/2023 USD 78.000
Raiffeisen Switzerla 14.000 3/29/2022 CHF 58.080
Landesbank Baden-Wue 7.85010/28/2022 EUR 54.070
Landesbank Baden-Wue 4.05010/28/2022 EUR 40.260
Landesbank Baden-Wue 7.10010/28/2022 EUR 65.300
Landesbank Baden-Wue 5.75010/28/2022 EUR 41.630
Zurcher Kantonalbank 10.000 4/13/2022 CHF 68.700
Landesbank Baden-Wue 7.40010/28/2022 EUR 66.350
Landesbank Baden-Wue 6.35010/28/2022 EUR 36.620
Landesbank Baden-Wue 3.50010/28/2022 EUR 45.480
Landesbank Baden-Wue 5.60010/28/2022 EUR 68.770
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 56.100
DZ Bank AG Deutsche 7.750 3/23/2022 EUR 61.400
DZ Bank AG Deutsche 6.500 3/23/2022 EUR 65.500
EFG International Fi 10.320 7/19/2022 USD 74.690
BNP Paribas Emission 10.000 6/23/2022 EUR 52.560
BNP Paribas Emission 10.000 6/23/2022 EUR 49.970
BNP Paribas Emission 14.000 6/23/2022 EUR 46.510
BNP Paribas Emission 11.000 6/23/2022 EUR 68.840
Vontobel Financial P 10.000 3/25/2022 EUR 68.420
BNP Paribas Emission 10.000 6/23/2022 EUR 73.100
BNP Paribas Emission 15.000 6/23/2022 EUR 36.120
BNP Paribas Emission 8.000 6/23/2022 EUR 71.300
Sberbank of Russia P 0.01010/31/2025 RUB 74.400
Sberbank of Russia P 0.01011/20/2025 RUB 70.200
UBS AG/London 13.500 5/18/2022 CHF 29.260
Vontobel Financial P 16.250 6/24/2022 EUR 73.520
Vontobel Financial P 11.000 6/24/2022 EUR 71.800
Zurcher Kantonalbank 11.000 7/15/2022 CHF 64.840
Bank Vontobel AG 8.250 01/04/2023 CHF 73.600
Bank Vontobel AG 17.500 07/04/2022 CHF 47.900
Vontobel Financial P 8.500 6/24/2022 EUR 53.890
Vontobel Financial P 16.500 6/24/2022 EUR 77.610
EFG International Fi 8.400 07/07/2023 CHF 74.820
Raiffeisen Schweiz G 10.000 07/05/2022 CHF 65.770
Raiffeisen Schweiz G 11.000 07/06/2022 CHF 67.520
Raiffeisen Schweiz G 13.000 07/05/2022 CHF 66.930
Zurcher Kantonalbank 10.750 7/15/2022 EUR 44.710
DZ Bank AG Deutsche 5.00012/23/2022 EUR 69.930
EFG International Fi 9.430 7/19/2022 USD 62.880
EFG International Fi 10.210 7/19/2022 USD 63.970
Leonteq Securities A 10.000 07/12/2023 CHF 67.360
Vontobel Financial P 16.500 6/24/2022 EUR 72.700
Vontobel Financial P 8.000 6/24/2022 EUR 68.070
Vontobel Financial P 12.500 6/24/2022 EUR 61.370
Vontobel Financial P 10.500 6/24/2022 EUR 64.560
Vontobel Financial P 15.000 6/24/2022 EUR 58.700
Vontobel Financial P 13.000 6/24/2022 EUR 52.140
Vontobel Financial P 17.500 6/24/2022 EUR 56.380
Vontobel Financial P 8.000 6/24/2022 EUR 57.070
Vontobel Financial P 9.500 6/24/2022 EUR 55.220
Vontobel Financial P 20.000 6/24/2022 EUR 54.360
Vontobel Financial P 11.000 6/24/2022 EUR 53.540
Vontobel Financial P 14.500 6/24/2022 EUR 50.750
Leonteq Securities A 22.130 07/08/2022 CHF 34.800
EFG International Fi 8.700 7/13/2023 EUR 46.650
Zurcher Kantonalbank 4.750 7/15/2022 CHF 66.910
Vontobel Financial P 9.250 6/24/2022 EUR 70.600
Societe Generale Eff 3.500 5/27/2022 EUR 68.080
Bank Julius Baer & C 17.000 05/09/2022 CHF 60.250
Leonteq Securities A 8.000 01/12/2023 CHF 67.170
Leonteq Securities A 12.000 10/12/2022 CHF 72.930
Leonteq Securities A 10.000 01/12/2023 CHF 75.900
Corner Banca SA 11.200 10/12/2022 EUR 56.640
Corner Banca SA 10.000 10/12/2022 CHF 46.400
Leonteq Securities A 10.000 10/12/2022 CHF 62.130
Leonteq Securities A 10.000 07/06/2022 EUR 37.950
Goldman Sachs & Co W 6.000 6/21/2023 EUR 69.600
Leonteq Securities A 12.000 01/12/2023 CHF 44.460
Goldman Sachs & Co W 7.00012/21/2022 EUR 68.190
Goldman Sachs & Co W 8.000 8/24/2022 EUR 73.200
Goldman Sachs & Co W 8.000 7/20/2022 EUR 74.010
Bank Vontobel AG 8.000 01/10/2023 CHF 70.100
Bank Vontobel AG 8.000 01/10/2023 CHF 70.100
Bank Vontobel AG 11.000 01/10/2023 CHF 70.300
Bank Vontobel AG 10.000 07/12/2022 CHF 78.300
Bank Vontobel AG 10.000 01/10/2023 EUR 67.600
DZ Bank AG Deutsche 9.500 3/23/2022 EUR 60.540
DZ Bank AG Deutsche 10.500 4/22/2022 EUR 36.370
DZ Bank AG Deutsche 7.500 3/23/2022 EUR 61.400
DZ Bank AG Deutsche 9.000 3/23/2022 EUR 61.420
DZ Bank AG Deutsche 11.250 3/23/2022 EUR 61.460
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 65.830
DZ Bank AG Deutsche 8.750 6/22/2022 EUR 66.210
DZ Bank AG Deutsche 10.000 6/22/2022 EUR 63.740
DZ Bank AG Deutsche 8.500 3/23/2022 EUR 62.880
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 64.250
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 61.230
DZ Bank AG Deutsche 7.500 3/23/2022 EUR 59.790
DZ Bank AG Deutsche 7.500 6/22/2022 EUR 62.820
DZ Bank AG Deutsche 7.500 3/23/2022 EUR 65.520
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 68.640
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 65.360
DZ Bank AG Deutsche 7.750 6/22/2022 EUR 58.920
UniCredit Bank AG 7.950 4/27/2022 EUR 64.350
UniCredit Bank AG 9.250 4/27/2022 EUR 71.800
SG Issuer SA 1.50012/30/2032 EUR 44.360
UBS AG/London 9.750 7/20/2022 CHF 62.550
Zurcher Kantonalbank 7.500 7/28/2022 CHF 64.550
UBS AG/London 7.750 7/20/2022 CHF 62.000
UBS AG/London 7.750 7/20/2022 CHF 43.550
Bank Vontobel AG 9.004 7/15/2022 CHF 72.600
Vontobel Financial P 9.000 3/25/2022 EUR 74.350
Vontobel Financial P 10.500 3/25/2022 EUR 66.110
Vontobel Financial P 9.000 3/25/2022 EUR 63.280
Vontobel Financial P 10.000 3/25/2022 EUR 63.320
Vontobel Financial P 5.000 3/25/2022 EUR 55.260
Vontobel Financial P 6.500 3/25/2022 EUR 55.110
Vontobel Financial P 5.500 3/25/2022 EUR 55.070
Vontobel Financial P 6.000 3/25/2022 EUR 55.090
Goldman Sachs & Co W 7.000 6/22/2022 EUR 68.170
Goldman Sachs & Co W 7.000 9/21/2022 EUR 69.150
Goldman Sachs & Co W 7.00012/21/2022 EUR 70.570
Vontobel Financial P 3.500 3/25/2022 EUR 60.270
Vontobel Financial P 6.000 3/25/2022 EUR 67.730
Vontobel Financial P 8.000 3/25/2022 EUR 66.000
Vontobel Financial P 9.000 3/25/2022 EUR 66.050
Goldman Sachs & Co W 8.000 6/22/2022 EUR 68.770
Goldman Sachs & Co W 8.000 9/21/2022 EUR 69.700
Goldman Sachs & Co W 7.00012/21/2022 EUR 70.640
Vontobel Financial P 14.000 3/25/2022 EUR 65.630
Vontobel Financial P 15.000 3/25/2022 EUR 65.660
Vontobel Financial P 13.000 3/25/2022 EUR 65.580
Vontobel Financial P 16.500 3/25/2022 EUR 67.070
Vontobel Financial P 12.500 3/25/2022 EUR 65.920
Vontobel Financial P 11.500 3/25/2022 EUR 65.880
Vontobel Financial P 3.500 3/25/2022 EUR 49.030
Vontobel Financial P 9.500 3/25/2022 EUR 68.120
Leonteq Securities A 14.000 4/26/2022 CHF 37.960
Leonteq Securities A 13.000 7/25/2022 USD 42.960
Leonteq Securities A 7.450 1/25/2023 EUR 47.150
Leonteq Securities A 7.000 7/22/2022 CHF 67.540
UBS AG/London 13.250 05/12/2022 USD 37.750
Sberbank of Russia P 0.010 11/11/2025 RUB 74.900
Sberbank of Russia P 0.01011/20/2025 RUB 64.700
BNP Paribas Emission 6.500 6/23/2022 EUR 77.010
BNP Paribas Emission 12.000 6/23/2022 EUR 68.290
EFG International Fi 6.500 3/24/2023 USD 69.890
BNP Paribas Emission 9.500 6/23/2022 EUR 72.140
BNP Paribas Emission 8.500 6/23/2022 EUR 42.700
BNP Paribas Emission 9.000 6/23/2022 EUR 40.980
Vontobel Financial P 16.000 3/22/2022 USD 72.030
DZ Bank AG Deutsche 8.250 3/21/2022 EUR 74.830
EFG International Fi 16.000 3/24/2022 USD 57.270
UBS AG/London 12.750 9/26/2022 CHF 70.400
DZ Bank AG Deutsche 8.000 3/23/2022 EUR 71.790
UniCredit Bank AG 11.550 4/21/2022 EUR 66.320
Bank Julius Baer & C 5.750 6/27/2022 EUR 68.750
Vontobel Financial P 26.400 3/28/2022 EUR 77.910
Vontobel Financial P 15.220 3/28/2022 EUR 66.880
Credit Suisse AG/Lon 8.000 6/27/2022 CHF 61.810
Zurcher Kantonalbank 8.600 04/01/2022 EUR 71.210
Vontobel Financial P 15.350 3/29/2023 EUR 69.920
Vontobel Financial P 24.950 3/29/2022 EUR 75.960
Vontobel Financial P 17.750 3/29/2023 EUR 72.560
Bank Julius Baer & C 10.000 3/28/2022 USD 45.100
EFG International Fi 7.250 02/09/2024 USD 57.180
Vontobel Financial P 17.500 3/25/2022 EUR 71.680
Raiffeisen Switzerla 7.500 02/08/2023 CHF 69.990
Raiffeisen Switzerla 11.000 08/05/2022 EUR 58.630
Vontobel Financial P 16.500 3/25/2022 EUR 65.930
Vontobel Financial P 5.500 3/25/2022 EUR 56.970
Vontobel Financial P 4.500 3/25/2022 EUR 74.790
Vontobel Financial P 5.000 3/25/2022 EUR 56.950
Vontobel Financial P 6.000 3/25/2022 EUR 56.990
Vontobel Financial P 8.000 3/25/2022 EUR 56.860
Vontobel Financial P 7.500 3/25/2022 EUR 56.840
Bank Vontobel AG 11.002 08/10/2022 CHF 70.400
UBS AG/London 7.750 08/10/2022 CHF 33.400
UBS AG/London 5.250 08/10/2022 CHF 74.600
UBS AG/London 13.750 08/10/2022 CHF 74.650
UBS AG/London 14.250 08/10/2022 USD 70.400
Vontobel Financial P 11.500 3/25/2022 EUR 59.200
Vontobel Financial P 9.000 3/25/2022 EUR 59.300
EFG International Fi 4.500 02/12/2024 USD 57.910
DZ Bank AG Deutsche 3.00012/23/2022 EUR 45.520
DZ Bank AG Deutsche 7.00012/23/2022 EUR 36.830
Leonteq Securities A 15.740 08/10/2022 USD 38.250
Bank Vontobel AG 21.502 05/12/2022 CHF 40.400
Bank Vontobel AG 16.000 05/12/2022 CHF 32.400
Leonteq Securities A 10.000 08/12/2022 CHF 72.400
Leonteq Securities A 10.000 08/12/2022 CHF 60.650
Leonteq Securities A 12.400 05/12/2022 CHF 52.660
Corner Banca SA 15.000 05/12/2022 CHF 59.120
Leonteq Securities A 18.000 05/12/2022 CHF 61.180
Raiffeisen Switzerla 8.000 08/12/2022 CHF 75.170
Raiffeisen Switzerla 10.500 05/12/2022 CHF 63.350
DZ Bank AG Deutsche 9.500 3/23/2022 EUR 73.460
DZ Bank AG Deutsche 10.000 3/23/2022 EUR 56.150
DZ Bank AG Deutsche 10.000 3/23/2022 EUR 55.240
Corner Banca SA 15.00011/21/2022 USD 65.380
Leonteq Securities A 13.00011/21/2022 USD 39.880
Basler Kantonalbank 11.000 05/12/2022 CHF 64.260
Leonteq Securities A 13.00011/17/2022 USD 75.830
Corner Banca SA 11.00011/17/2022 EUR 76.180
Leonteq Securities A 18.000 5/17/2022 USD 43.620
Leonteq Securities A 8.000 5/17/2023 CHF 76.910
Leonteq Securities A 13.200 5/13/2022 USD 49.220
Leonteq Securities A 9.000 8/17/2022 CHF 73.720
Leonteq Securities A 10.000 8/17/2022 CHF 61.100
Vontobel Financial P 11.300 5/17/2022 USD 48.100
Vontobel Financial P 15.350 5/17/2022 USD 73.260
Landesbank Baden-Wue 2.650 9/22/2023 EUR 70.760
Credit Suisse AG/Lon 9.000 05/05/2022 CHF 64.620
UBS AG/London 12.75010/28/2022 CHF 42.750
Bank Julius Baer & C 9.650 7/29/2022 USD 73.400
Credit Suisse AG/Lon 12.000 4/29/2022 USD 25.930
Zurcher Kantonalbank 8.000 05/10/2022 EUR 73.090
Vontobel Financial P 15.000 6/24/2022 EUR 58.450
Vontobel Financial P 16.500 6/24/2022 EUR 56.880
Vontobel Financial P 13.500 6/24/2022 EUR 60.170
Vontobel Financial P 15.500 6/24/2022 EUR 73.080
Vontobel Financial P 12.500 6/24/2022 EUR 71.790
Vontobel Financial P 16.000 6/24/2022 EUR 68.020
Vontobel Financial P 13.500 6/24/2022 EUR 70.420
Vontobel Financial P 15.000 6/24/2022 EUR 69.250
Vontobel Financial P 17.000 6/24/2022 EUR 66.850
Vontobel Financial P 16.000 6/24/2022 EUR 75.310
Vontobel Financial P 17.000 6/24/2022 EUR 73.850
Vontobel Financial P 6.000 6/24/2022 EUR 70.170
Vontobel Financial P 9.000 6/24/2022 EUR 63.090
Vontobel Financial P 17.000 6/24/2022 EUR 53.640
Vontobel Financial P 18.000 6/24/2022 EUR 55.820
Vontobel Financial P 13.000 6/24/2022 EUR 57.780
Vontobel Financial P 8.500 6/24/2022 EUR 71.620
Vontobel Financial P 13.000 6/24/2022 EUR 62.390
Vontobel Financial P 15.000 6/24/2022 EUR 38.310
Vontobel Financial P 10.000 6/24/2022 EUR 42.500
Vontobel Financial P 17.500 6/24/2022 EUR 36.730
Vontobel Financial P 7.500 6/24/2022 EUR 45.280
Vontobel Financial P 12.500 6/24/2022 EUR 40.210
Vontobel Financial P 7.500 6/24/2022 EUR 58.250
Vontobel Financial P 6.500 3/25/2022 EUR 59.420
Vontobel Financial P 6.500 6/24/2022 EUR 55.070
Vontobel Financial P 5.000 3/25/2022 EUR 55.370
Vontobel Financial P 11.000 6/24/2022 EUR 67.740
Vontobel Financial P 9.500 3/25/2022 EUR 69.080
Vontobel Financial P 12.000 3/25/2022 EUR 69.180
Vontobel Financial P 5.500 6/24/2022 EUR 60.840
Vontobel Financial P 10.500 6/24/2022 EUR 62.120
Vontobel Financial P 5.500 6/24/2022 EUR 54.780
Zurcher Kantonalbank 15.500 05/10/2022 CHF 68.090
Leonteq Securities A 11.000 7/29/2022 CHF 71.150
Leonteq Securities A 7.000 05/03/2023 CHF 68.350
Leonteq Securities A 24.350 4/29/2022 CHF 54.350
Leonteq Securities A 23.180 4/29/2022 USD 28.350
Leonteq Securities A 9.00010/31/2022 CHF 65.000
Leonteq Securities A 11.00010/31/2022 USD 55.550
Leonteq Securities A 10.00010/31/2022 USD 64.340
Leonteq Securities A 10.00010/31/2022 CHF 70.720
Zurcher Kantonalbank 18.000 05/06/2022 CHF 60.360
DZ Bank AG Deutsche 4.250 3/23/2022 EUR 70.140
DZ Bank AG Deutsche 6.750 6/22/2022 EUR 60.880
DZ Bank AG Deutsche 8.000 3/23/2022 EUR 61.660
Leonteq Securities A 8.000 7/26/2022 CHF 66.980
Zurcher Kantonalbank 8.000 05/04/2022 CHF 73.980
Raiffeisen Switzerla 12.00010/26/2022 CHF 57.370
Raiffeisen Switzerla 10.50010/26/2022 CHF 73.290
Landesbank Baden-Wue 5.650 4/28/2023 EUR 71.970
Landesbank Baden-Wue 7.000 4/28/2023 EUR 49.450
Landesbank Baden-Wue 5.700 4/28/2023 EUR 43.320
Vontobel Financial P 13.500 6/24/2022 EUR 71.760
Vontobel Financial P 15.000 6/24/2022 EUR 70.070
Vontobel Financial P 16.500 6/24/2022 EUR 68.490
Vontobel Financial P 6.000 6/24/2022 EUR 57.060
Vontobel Financial P 20.500 6/24/2022 EUR 35.380
Vontobel Financial P 9.000 3/25/2022 EUR 72.360
Vontobel Financial P 13.000 6/24/2022 EUR 69.900
Vontobel Financial P 12.000 6/24/2022 EUR 69.600
Vontobel Financial P 16.500 3/25/2022 EUR 67.370
Vontobel Financial P 11.500 3/25/2022 EUR 70.550
Vontobel Financial P 13.000 3/25/2022 EUR 70.820
Vontobel Financial P 14.500 3/25/2022 EUR 70.880
Vontobel Financial P 9.000 6/24/2022 EUR 65.680
Bank Vontobel AG 7.008 7/25/2022 CHF 68.300
DekaBank Deutsche Gi 4.400 5/27/2022 EUR 68.600
Landesbank Baden-Wue 5.200 4/28/2023 EUR 65.240
Landesbank Baden-Wue 3.350 4/28/2023 EUR 74.330
Landesbank Baden-Wue 4.200 4/28/2023 EUR 75.580
Landesbank Baden-Wue 3.800 4/28/2023 EUR 55.250
Landesbank Baden-Wue 3.200 4/28/2023 EUR 69.780
Landesbank Baden-Wue 5.250 4/28/2023 EUR 43.500
Landesbank Baden-Wue 3.150 4/28/2023 EUR 47.450
Landesbank Baden-Wue 2.300 4/28/2023 EUR 66.930
Landesbank Baden-Wue 4.350 4/28/2023 EUR 45.170
Landesbank Baden-Wue 3.000 4/28/2023 EUR 47.730
Vontobel Financial P 12.500 6/24/2022 EUR 73.690
Vontobel Financial P 6.500 3/25/2022 EUR 56.800
Vontobel Financial P 10.500 6/24/2022 EUR 72.010
Vontobel Financial P 13.000 3/25/2022 EUR 67.230
Vontobel Financial P 12.000 6/24/2022 EUR 72.060
Vontobel Financial P 13.500 6/24/2022 EUR 72.490
Vontobel Financial P 11.000 6/24/2022 EUR 71.770
Vontobel Financial P 4.500 3/25/2022 EUR 56.720
Zurcher Kantonalbank 12.250 05/05/2022 CHF 49.350
EFG International Fi 20.000 4/28/2022 USD 75.930
EFG International Fi 14.000 4/28/2022 CHF 69.830
EFG International Fi 9.00010/28/2022 CHF 70.740
UBS AG/London 8.75010/28/2022 CHF 75.200
UBS AG/London 12.750 4/28/2022 CHF 63.550
UBS AG/London 10.500 4/28/2023 CHF 70.050
UBS AG/London 9.50010/28/2022 CHF 68.050
UBS AG/London 8.750 4/28/2023 CHF 72.600
Zurcher Kantonalbank 6.400 11/07/2022 USD 47.140
Zurcher Kantonalbank 8.000 05/05/2022 CHF 74.420
Leonteq Securities A 15.000 4/13/2022 CHF 37.190
Zurcher Kantonalbank 5.000 4/27/2022 EUR 65.340
DZ Bank AG Deutsche 4.500 6/22/2022 EUR 71.650
DZ Bank AG Deutsche 5.500 3/23/2022 EUR 60.480
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 60.440
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 65.760
Zurcher Kantonalbank 16.250 05/04/2022 EUR 67.810
EFG International Fi 5.000 4/26/2023 USD 71.060
Raiffeisen Switzerla 6.75010/26/2022 CHF 67.970
Raiffeisen Switzerla 8.00010/26/2022 EUR 65.070
Leonteq Securities A 11.50010/27/2022 CHF 65.660
UBS AG/London 10.500 11/11/2022 CHF 74.300
UBS AG/London 13.500 05/12/2022 USD 37.800
EFG International Fi 13.000 05/11/2022 CHF 71.130
UniCredit Bank AG 5.250 12/01/2023 EUR 42.850
UniCredit Bank AG 5.55010/26/2022 EUR 70.750
UniCredit Bank AG 4.00011/21/2022 EUR 59.730
Landesbank Baden-Wue 3.000 5/26/2023 EUR 69.160
UniCredit Bank AG 3.750 4/19/2022 EUR 51.010
DekaBank Deutsche Gi 3.900 4/25/2022 EUR 38.670
Nordea Bank Abp 4.100 7/20/2023 SEK 51.130
DekaBank Deutsche Gi 4.250 05/05/2022 EUR 72.520
Raiffeisen Switzerla 14.000 04/07/2022 CHF 61.250
Leonteq Securities A 25.630 04/12/2022 CHF 70.730
Leonteq Securities A 17.000 04/12/2022 EUR 67.300
Leonteq Securities A 22.860 04/12/2022 CHF 24.620
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 57.260
Goldman Sachs & Co W 7.000 4/21/2022 EUR 71.600
Goldman Sachs & Co W 6.000 5/25/2022 EUR 71.880
Goldman Sachs & Co W 8.000 5/25/2022 EUR 72.530
Goldman Sachs & Co W 15.000 5/25/2022 EUR 64.370
Goldman Sachs & Co W 23.000 5/25/2022 EUR 56.070
Goldman Sachs & Co W 15.000 6/22/2022 EUR 65.440
Goldman Sachs & Co W 10.000 9/21/2022 EUR 73.420
Goldman Sachs & Co W 15.00012/21/2022 EUR 65.150
Goldman Sachs & Co W 7.000 6/22/2022 EUR 66.070
Goldman Sachs & Co W 7.00012/21/2022 EUR 69.140
Goldman Sachs & Co W 9.000 3/22/2023 EUR 73.680
BNP Paribas Emission 7.700 4/22/2022 EUR 69.430
Bank Julius Baer & C 19.600 04/07/2022 CHF 49.400
Leonteq Securities A 18.000 04/08/2022 CHF 45.130
Raiffeisen Switzerla 10.500 04/06/2022 EUR 61.710
Zurcher Kantonalbank 10.000 4/19/2022 CHF 58.940
Zurcher Kantonalbank 10.500 4/20/2022 CHF 68.930
Leonteq Securities A 16.000 04/12/2022 CHF 70.790
Leonteq Securities A 18.000 04/12/2022 CHF 39.190
DZ Bank AG Deutsche 9.000 6/22/2022 EUR 74.360
DZ Bank AG Deutsche 7.500 6/22/2022 EUR 69.000
Goldman Sachs & Co W 8.000 4/21/2022 EUR 72.560
Bank Vontobel AG 10.006 10/03/2022 EUR 68.900
Bank Vontobel AG 13.005 10/03/2022 CHF 46.800
Bank Julius Baer & C 8.300 04/07/2022 USD 74.450
Bank Julius Baer & C 14.650 07/07/2022 USD 42.400
Leonteq Securities A 20.690 04/08/2022 CHF 60.590
Raiffeisen Switzerla 10.000 04/06/2022 CHF 64.010
Vontobel Financial P 14.500 6/24/2022 EUR 71.240
Vontobel Financial P 12.500 6/24/2022 EUR 74.640
Vontobel Financial P 17.000 6/24/2022 EUR 69.310
Vontobel Financial P 6.500 3/25/2022 EUR 65.280
Vontobel Financial P 6.000 6/24/2022 EUR 63.810
Credit Suisse AG/Lon 10.000 5/13/2022 USD 59.480
Vontobel Financial P 13.500 6/24/2022 EUR 60.910
Bank Julius Baer & C 8.800 04/06/2022 CHF 41.550
Leonteq Securities A 2.700 04/01/2026 EUR 39.510
Leonteq Securities A 19.000 04/08/2022 USD 45.340
Leonteq Securities A 15.000 04/08/2022 CHF 73.200
Leonteq Securities A 10.600 10/12/2022 CHF 62.570
UBS AG/London 14.250 10/07/2022 USD 42.700
UBS AG/London 15.500 04/07/2022 USD 45.200
UBS AG/London 9.500 04/11/2022 CHF 47.450
UBS AG/London 9.000 10/10/2022 CHF 69.900
Raiffeisen Schweiz G 7.200 10/06/2022 CHF 71.170
Zurcher Kantonalbank 14.250 4/19/2022 CHF 72.510
Bank Julius Baer & C 7.700 7/13/2022 CHF 50.250
Zurcher Kantonalbank 9.500 4/26/2022 CHF 77.240
Corner Banca SA 14.000 4/26/2022 USD 56.510
Zurcher Kantonalbank 20.000 4/14/2022 EUR 73.840
Zurcher Kantonalbank 11.500 4/14/2022 CHF 72.350
Zurcher Kantonalbank 15.000 4/20/2022 CHF 62.930
Bank Vontobel AG 11.003 10/03/2022 CHF 66.700
Bank Vontobel AG 9.007 10/03/2022 CHF 76.100
Goldman Sachs & Co W 10.000 5/25/2022 EUR 73.840
Goldman Sachs & Co W 19.000 5/25/2022 EUR 60.350
Goldman Sachs & Co W 18.000 6/22/2022 EUR 61.510
Goldman Sachs & Co W 22.000 6/22/2022 EUR 57.550
Goldman Sachs & Co W 14.000 9/21/2022 EUR 66.280
Goldman Sachs & Co W 19.000 9/21/2022 EUR 61.660
Goldman Sachs & Co W 10.00012/21/2022 EUR 72.710
Goldman Sachs & Co W 16.00012/21/2022 EUR 64.050
Goldman Sachs & Co W 7.000 4/21/2022 EUR 68.550
Goldman Sachs & Co W 7.000 5/25/2022 EUR 65.880
Goldman Sachs & Co W 9.000 5/25/2022 EUR
Goldman Sachs & Co W 7.000 9/21/2022 EUR 67.750
Goldman Sachs & Co W 15.000 3/22/2023 EUR 66.820
Bank Julius Baer & C 7.400 7/13/2022 CHF 65.550
Bank Julius Baer & C 6.600 7/13/2022 CHF 67.250
UniCredit Bank AG 8.500 6/16/2022 EUR 64.840
DZ Bank AG Deutsche 10.750 3/23/2022 EUR 69.030
DZ Bank AG Deutsche 12.700 6/24/2022 EUR 74.020
DZ Bank AG Deutsche 21.200 6/24/2022 EUR 59.920
Bank Julius Baer & C 11.200 05/12/2022 CHF 68.250
DZ Bank AG Deutsche 11.200 9/23/2022 EUR 70.920
DZ Bank AG Deutsche 11.700 9/23/2022 EUR 72.770
DZ Bank AG Deutsche 8.250 3/23/2022 EUR 65.290
DZ Bank AG Deutsche 4.750 9/19/2022 EUR 71.920
EFG International Fi 15.00011/14/2022 EUR 74.100
EFG International Fi 22.000 05/12/2022 CHF 64.190
EFG International Fi 14.000 05/12/2022 USD 54.650
UBS AG/London 14.75011/14/2022 CHF 53.350
UBS AG/London 11.50011/14/2022 EUR 71.950
UBS AG/London 10.50011/14/2022 CHF 50.550
UBS AG/London 11.25011/14/2022 CHF 71.200
UBS AG/London 11.75011/14/2022 CHF 52.300
Corner Banca SA 15.000 5/25/2022 CHF 50.200
Leonteq Securities A 9.450 5/13/2022 USD 25.210
Bank Vontobel AG 14.257 08/08/2022 CHF 71.400
DZ Bank AG Deutsche 6.250 3/23/2022 EUR 70.180
DZ Bank AG Deutsche 9.000 3/23/2022 EUR 72.140
DZ Bank AG Deutsche 4.500 6/22/2022 EUR 74.210
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 63.620
DZ Bank AG Deutsche 18.800 5/27/2022 EUR 63.920
DZ Bank AG Deutsche 19.000 9/23/2022 EUR 63.190
DZ Bank AG Deutsche 6.750 6/20/2022 EUR 68.220
DZ Bank AG Deutsche 9.000 9/19/2022 EUR 74.600
Leonteq Securities A 9.00011/21/2022 CHF 65.480
Bank Julius Baer & C 8.550 5/13/2022 USD 49.200
Leonteq Securities A 10.00011/14/2022 CHF 69.750
Vontobel Financial P 18.500 6/24/2022 EUR 73.220
Vontobel Financial P 12.500 6/24/2022 EUR 73.830
Vontobel Financial P 18.500 6/24/2022 EUR 66.740
Vontobel Financial P 16.500 6/24/2022 EUR 68.880
Vontobel Financial P 14.000 6/24/2022 EUR 72.730
Vontobel Financial P 15.500 6/24/2022 EUR 70.960
Vontobel Financial P 16.000 6/24/2022 EUR 59.110
Vontobel Financial P 15.500 6/24/2022 EUR 73.120
Vontobel Financial P 7.500 6/24/2022 EUR 64.300
Vontobel Financial P 9.000 6/24/2022 EUR 78.050
Vontobel Financial P 18.500 6/24/2022 EUR 63.800
Vontobel Financial P 17.500 6/24/2022 EUR 56.220
Vontobel Financial P 17.000 6/24/2022 EUR 72.790
Zurcher Kantonalbank 15.750 5/20/2022 CHF 76.820
Zurcher Kantonalbank 10.000 5/20/2022 CHF 69.850
UniCredit Bank AG 6.500 9/15/2022 EUR 44.470
UniCredit Bank AG 7.300 6/14/2024 EUR 63.290
Zurcher Kantonalbank 20.500 5/19/2022 USD 68.720
Corner Banca SA 14.000 05/09/2022 CHF 39.020
EFG International Fi 4.900 11/10/2023 USD 70.170
Leonteq Securities A 13.000 05/09/2022 CHF 38.780
DZ Bank AG Deutsche 4.750 3/21/2022 EUR 74.830
Corner Banca SA 20.000 04/06/2022 USD 49.090
EFG International Fi 15.000 9/26/2022 CHF 56.260
UBS AG/London 26.250 9/26/2022 USD 53.350
Credit Suisse AG/Lon 8.500 3/24/2022 CHF 41.890
UBS AG/London 29.750 3/24/2022 CHF 39.500
Danske Bank A/S 7.500 01/09/2025 SEK 78.270
DZ Bank AG Deutsche 6.250 6/22/2022 EUR 71.710
BNP Paribas Emission 6.000 9/22/2022 EUR 72.460
BNP Paribas Emission 8.000 9/22/2022 EUR 67.680
Leonteq Securities A 10.000 6/29/2022 CHF 63.130
Leonteq Securities A 16.000 3/25/2022 CHF 70.940
Corner Banca SA 16.000 3/29/2022 EUR 65.320
Corner Banca SA 14.000 9/26/2022 USD 55.050
Leonteq Securities A 18.000 3/29/2022 CHF 39.720
DZ Bank AG Deutsche 6.250 3/23/2022 EUR 64.650
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 68.930
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 61.260
DZ Bank AG Deutsche 10.000 6/22/2022 EUR 61.700
DZ Bank AG Deutsche 7.250 3/23/2022 EUR 60.500
DZ Bank AG Deutsche 8.500 3/23/2022 EUR 60.520
Bank Julius Baer & C 9.600 04/01/2022 EUR 68.950
BNP Paribas Emission 9.500 6/23/2022 EUR 53.540
BNP Paribas Emission 15.000 6/23/2022 EUR 45.580
Bank Julius Baer & C 19.800 04/04/2022 CHF 51.350
Corner Banca SA 16.000 04/06/2022 CHF 41.330
Vontobel Financial P 16.000 3/25/2022 EUR 63.080
Landesbank Baden-Wue 8.140 3/18/2022 EUR 63.970
Raiffeisen Schweiz G 8.000 10/06/2022 CHF 70.770
BNP Paribas Emission 7.500 6/23/2022 EUR 74.800
BNP Paribas Emission 8.000 6/23/2022 EUR 72.590
BNP Paribas Emission 13.000 6/23/2022 EUR 65.710
BNP Paribas Emission 11.000 6/23/2022 EUR 39.790
BNP Paribas Emission 8.000 6/23/2022 EUR 75.920
Raiffeisen Switzerla 14.000 3/22/2022 CHF 66.900
BNP Paribas Emission 9.000 6/23/2022 EUR 73.970
BNP Paribas Emission 8.000 6/23/2022 EUR 43.900
BNP Paribas Emission 16.000 6/23/2022 EUR 62.920
BNP Paribas Emission 5.500 6/23/2022 EUR 68.410
BNP Paribas Emission 6.000 6/23/2022 EUR 66.430
BNP Paribas Emission 7.500 6/23/2022 EUR 64.830
BNP Paribas Emission 8.000 6/23/2022 EUR 63.710
BNP Paribas Emission 9.500 6/23/2022 EUR 62.880
BNP Paribas Emission 12.000 6/23/2022 EUR 48.130
BNP Paribas Emission 15.000 6/23/2022 EUR 64.320
BNP Paribas Emission 14.000 6/23/2022 EUR 72.640
Leonteq Securities A 15.000 04/01/2022 CHF 65.690
Zurcher Kantonalbank 8.000 7/14/2022 CHF 72.040
BNP Paribas Emission 15.000 6/23/2022 EUR 44.100
BNP Paribas Emission 11.000 6/23/2022 EUR 71.140
BNP Paribas Emission 13.000 6/23/2022 EUR 38.270
BNP Paribas Emission 10.000 6/23/2022 EUR 67.640
BNP Paribas Emission 12.000 6/23/2022 EUR 70.070
Basler Kantonalbank 11.000 4/14/2022 CHF 73.620
Credit Suisse AG/Lon 13.250 05/04/2022 USD 52.320
Credit Suisse AG/Lon 9.500 05/10/2022 CHF 46.400
Bank Julius Baer & C 16.000 05/11/2022 EUR 27.400
BNP Paribas Emission 13.000 6/23/2022 EUR 64.660
EFG International Fi 10.000 9/26/2022 CHF 74.540
UBS AG/London 14.500 3/24/2022 CHF 67.250
UBS AG/London 21.250 3/24/2022 USD 62.350
UBS AG/London 15.500 3/24/2022 CHF 39.150
UBS AG/London 15.500 3/24/2022 CHF 31.400
Vontobel Financial P 13.000 6/24/2022 EUR 70.310
Vontobel Financial P 14.000 3/25/2022 EUR 69.810
Corner Banca SA 16.000 08/10/2022 EUR 67.140
Raiffeisen Switzerla 12.500 05/10/2022 EUR 36.240
Basler Kantonalbank 9.400 05/05/2022 CHF 69.490
Zurcher Kantonalbank 19.250 5/19/2022 CHF 77.760
Luzerner Kantonalban 5.000 05/11/2022 USD 52.900
Leonteq Securities A 21.420 05/11/2022 CHF 31.000
UniCredit Bank AG 7.200 9/15/2022 EUR 78.800
Leonteq Securities A 21.530 5/17/2022 CHF 29.640
Landesbank Baden-Wue 2.600 9/22/2023 EUR 72.560
Citigroup Global Mar 8.200 3/21/2024 SEK 70.290
Vontobel Financial P 9.000 06/08/2022 EUR 48.130
Leonteq Securities A 20.40011/16/2022 CHF 52.760
DZ Bank AG Deutsche 11.250 6/22/2022 EUR 74.280
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 60.500
DZ Bank AG Deutsche 13.500 6/22/2022 EUR 71.530
DZ Bank AG Deutsche 8.500 3/23/2022 EUR 58.060
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 60.150
DZ Bank AG Deutsche 7.500 6/22/2022 EUR 70.720
Raiffeisen Schweiz G 15.00011/15/2022 CHF 70.990
Credit Suisse AG/Lon 10.250 06/02/2022 USD 37.230
Leonteq Securities A 9.000 09/07/2022 CHF 66.980
Leonteq Securities A 9.400 12/07/2022 EUR 75.110
Leonteq Securities A 8.000 12/07/2022 CHF 42.120
Zurcher Kantonalbank 9.500 8/26/2022 CHF 42.370
Zurcher Kantonalbank 10.000 6/14/2022 CHF 68.920
Zurcher Kantonalbank 15.000 6/14/2022 CHF 63.250
Vontobel Financial P 11.000 9/23/2022 EUR 46.220
Vontobel Financial P 9.500 6/24/2022 EUR 73.630
Vontobel Financial P 10.500 6/24/2022 EUR 72.180
Vontobel Financial P 12.750 6/24/2022 EUR 70.970
Vontobel Financial P 8.500 9/23/2022 EUR 74.760
Vontobel Financial P 10.500 9/23/2022 EUR 72.650
Vontobel Financial P 14.000 9/23/2022 EUR 68.760
Vontobel Financial P 17.000 9/23/2022 EUR 66.530
Vontobel Financial P 11.250 6/24/2022 EUR 72.280
Vontobel Financial P 5.500 6/24/2022 EUR 72.940
Vontobel Financial P 15.500 6/24/2022 EUR 67.270
Vontobel Financial P 6.000 9/23/2022 EUR 59.220
Vontobel Financial P 3.000 6/24/2022 EUR 57.020
Leonteq Securities A 20.000 8/23/2022 CHF 68.520
Leonteq Securities A 13.000 8/23/2022 CHF 45.510
Raiffeisen Schweiz G 14.000 2/20/2023 CHF 57.850
Corner Banca SA 12.000 8/23/2022 EUR 70.810
Leonteq Securities A 15.00011/23/2022 CHF 48.770
Leonteq Securities A 20.000 8/23/2022 USD 37.450
Bank Julius Baer & C 9.85011/16/2022 CHF 48.000
Leonteq Securities A 12.000 06/08/2022 CHF 20.840
SG Issuer SA 2.100 5/16/2033 EUR 81.720
Zurcher Kantonalbank 14.000 6/14/2022 CHF 68.290
Zurcher Kantonalbank 9.500 6/15/2022 EUR 67.270
Vontobel Financial P 8.500 9/23/2022 EUR 48.480
Vontobel Financial P 19.000 6/24/2022 EUR 41.870
Vontobel Financial P 11.500 6/24/2022 EUR 70.790
Vontobel Financial P 11.000 9/23/2022 EUR 71.410
Vontobel Financial P 12.000 9/23/2022 EUR 70.480
Vontobel Financial P 13.000 9/23/2022 EUR 69.590
Vontobel Financial P 15.000 9/23/2022 EUR 67.970
Vontobel Financial P 9.500 6/24/2022 EUR 72.470
Vontobel Financial P 10.000 6/24/2022 EUR 51.940
Vontobel Financial P 16.500 6/24/2022 EUR 66.130
Vontobel Financial P 8.500 9/23/2022 EUR 63.640
DZ Bank AG Deutsche 5.000 9/19/2022 EUR 74.160
Zurcher Kantonalbank 11.600 11/10/2022 EUR 67.860
Basler Kantonalbank 9.40011/24/2022 CHF 73.790
DZ Bank AG Deutsche 5.250 3/23/2022 EUR 71.180
DZ Bank AG Deutsche 10.750 3/23/2022 EUR 71.270
Leonteq Securities A 24.00011/15/2022 CHF 73.840
DZ Bank AG Deutsche 13.000 3/23/2022 EUR 60.600
DZ Bank AG Deutsche 12.000 6/22/2022 EUR 62.210
Leonteq Securities A 30.00011/15/2022 CHF 60.560
DZ Bank AG Deutsche 6.750 6/22/2022 EUR 68.240
Leonteq Securities A 22.80011/16/2022 CHF 58.300
Raiffeisen Schweiz G 9.00011/15/2022 CHF 77.320
Vontobel Financial P 18.650 06/09/2022 EUR 22.460
UniCredit Bank AG 8.40012/14/2022 EUR 80.120
Goldman Sachs & Co W 19.000 6/22/2022 EUR 73.870
UniCredit Bank AG 7.400 12/09/2024 EUR 73.320
Credit Suisse AG/Lon 10.500 09/05/2022 EUR 67.840
Zurcher Kantonalbank 6.500 6/14/2022 CHF 64.630
Leonteq Securities A 10.000 12/07/2022 USD 72.840
Vontobel Financial P 14.000 9/23/2022 EUR 44.720
Credit Suisse AG/Lon 11.500 06/01/2022 EUR 65.420
Vontobel Financial P 22.000 6/24/2022 EUR 74.110
Vontobel Financial P 13.000 6/24/2022 EUR 69.600
Vontobel Financial P 12.000 6/24/2022 EUR 65.330
Vontobel Financial P 9.750 6/24/2022 EUR 39.070
DZ Bank AG Deutsche 7.000 9/19/2022 EUR 72.330
DZ Bank AG Deutsche 6.800 6/20/2022 EUR 74.880
Raiffeisen Centroban 10.500 9/22/2022 EUR 57.690
Leonteq Securities A 11.000 2/23/2023 CHF 45.070
Bank Julius Baer & C 8.000 09/08/2022 CHF 68.950
Leonteq Securities A 8.000 2/23/2023 USD 62.510
Zurcher Kantonalbank 19.250 6/15/2022 CHF 55.100
Vontobel Financial P 13.750 6/24/2022 EUR 40.210
DekaBank Deutsche Gi 4.000 07/07/2022 EUR 55.720
Leonteq Securities A 21.840 06/09/2022 CHF 73.310
Bank Vontobel AG 15.004 8/26/2022 CHF 37.600
DZ Bank AG Deutsche 8.750 6/22/2022 EUR 70.060
DZ Bank AG Deutsche 5.250 9/21/2022 EUR 67.610
DZ Bank AG Deutsche 5.75012/21/2022 EUR 67.300
Landesbank Baden-Wue 3.40011/25/2022 EUR 59.530
DZ Bank AG Deutsche 7.50012/21/2022 EUR 75.250
DZ Bank AG Deutsche 8.250 3/22/2023 EUR 67.750
DZ Bank AG Deutsche 11.250 6/22/2022 EUR 67.390
DZ Bank AG Deutsche 7.750 6/22/2022 EUR 71.110
DZ Bank AG Deutsche 5.500 3/22/2023 EUR 72.050
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 72.020
DZ Bank AG Deutsche 9.750 9/21/2022 EUR 73.390
DZ Bank AG Deutsche 8.00012/21/2022 EUR 71.480
DZ Bank AG Deutsche 6.250 9/21/2022 EUR 71.430
DZ Bank AG Deutsche 5.25012/21/2022 EUR 67.740
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 74.200
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 73.890
DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.940
Leonteq Securities A 30.000 1/18/2023 CHF 65.780
Societe Generale Eff 14.000 6/24/2022 EUR 62.710
DZ Bank AG Deutsche 18.800 9/23/2022 EUR 72.070
Societe Generale Eff 7.50010/28/2022 EUR 74.500
DZ Bank AG Deutsche 18.50011/25/2022 EUR 46.700
DZ Bank AG Deutsche 20.40012/23/2022 EUR 47.140
Landesbank Baden-Wue 3.000 9/23/2022 EUR 56.030
Vontobel Financial P 5.00012/23/2022 EUR 66.690
Vontobel Financial P 8.00012/23/2022 EUR 68.320
Vontobel Financial P 7.00012/23/2022 EUR 72.730
DZ Bank AG Deutsche 14.200 6/24/2022 EUR 62.640
DZ Bank AG Deutsche 21.600 6/24/2022 EUR 59.610
DZ Bank AG Deutsche 10.90011/25/2022 EUR 66.260
Vontobel Financial P 8.50012/23/2022 EUR 68.210
Vontobel Financial P 15.00012/23/2022 EUR 63.260
Vontobel Financial P 9.50012/23/2022 EUR 68.270
UniCredit Bank AG 6.30012/21/2022 EUR 69.380
UBS AG/London 11.250 12/09/2022 CHF 47.550
Societe Generale Eff 5.75010/28/2022 EUR 64.710
Credit Suisse AG/Lon 10.250 11/09/2022 USD 51.080
Credit Suisse AG/Lon 9.500 11/04/2022 CHF 81.060
Credit Suisse AG/Lon 15.750 11/10/2022 CHF 54.430
Leonteq Securities A 22.860 8/24/2022 CHF 64.810
Vontobel Financial P 9.000 6/24/2022 EUR 73.860
Vontobel Financial P 9.500 9/23/2022 EUR 61.090
DZ Bank AG Deutsche 12.200 9/23/2022 EUR 61.220
Leonteq Securities A 8.000 6/27/2023 USD 79.900
Vontobel Financial P 5.50012/23/2022 EUR 75.520
Vontobel Financial P 15.00012/23/2022 EUR 70.650
DZ Bank AG Deutsche 11.800 9/23/2022 EUR 64.970
Vontobel Financial P 9.50012/23/2022 EUR 67.100
Vontobel Financial P 11.50012/23/2022 EUR 71.100
Vontobel Financial P 14.50012/23/2022 EUR 73.460
Vontobel Financial P 6.00012/23/2022 EUR 62.900
Vontobel Financial P 9.50012/23/2022 EUR 68.830
Leonteq Securities A 23.40010/25/2022 CHF 62.100
UniCredit Bank AG 4.250 9/14/2022 EUR 61.190
Bank Julius Baer & C 9.000 07/01/2022 USD 50.900
Landesbank Baden-Wue 2.80012/23/2022 EUR 58.940
UniCredit Bank AG 3.500 2/13/2023 EUR 43.990
DZ Bank AG Deutsche 10.000 6/24/2022 EUR 70.950
DZ Bank AG Deutsche 10.00012/23/2022 EUR 70.200
Societe Generale Eff 25.250 7/22/2022 EUR 59.470
Leonteq Securities A 15.000 2/24/2023 USD 70.940
Leonteq Securities A 14.000 2/23/2023 CHF 69.490
DZ Bank AG Deutsche 19.100 6/24/2022 EUR 71.000
DZ Bank AG Deutsche 23.900 6/24/2022 EUR 68.740
Societe Generale Eff 13.500 9/23/2022 EUR 74.860
Societe Generale Eff 9.500 8/26/2022 EUR 72.250
Leonteq Securities A 20.00012/27/2022 USD 55.000
Societe Generale Eff 6.50010/28/2022 EUR 75.740
Societe Generale Eff 8.50010/28/2022 EUR 73.430
DZ Bank AG Deutsche 17.70012/23/2022 EUR 47.480
DZ Bank AG Deutsche 17.700 3/24/2023 EUR 49.350
Vontobel Financial P 10.00012/23/2022 EUR 64.790
Vontobel Financial P 16.00012/23/2022 EUR 68.600
Vontobel Financial P 11.00012/23/2022 EUR 68.710
Vontobel Financial P 5.50012/23/2022 EUR 72.050
Vontobel Financial P 7.50012/23/2022 EUR 69.390
DZ Bank AG Deutsche 6.700 3/24/2023 EUR 70.360
Vontobel Financial P 8.50012/23/2022 EUR 64.790
UniCredit Bank AG 4.550 9/28/2023 EUR 70.680
UniCredit Bank AG 3.750 9/14/2022 EUR 52.660
Societe Generale Eff 23.000 8/26/2022 EUR 60.610
Vontobel Financial P 4.900 7/13/2023 EUR 67.930
Societe Generale Eff 9.000 8/26/2022 EUR 75.500
Societe Generale Eff 7.500 9/23/2022 EUR 77.260
Landesbank Baden-Wue 3.85012/23/2022 EUR 72.400
Landesbank Baden-Wue 10.50012/23/2022 EUR 57.930
Vontobel Financial P 23.00012/23/2022 EUR 70.580
Landesbank Baden-Wue 3.400 2/24/2023 EUR 66.200
Vontobel Financial P 9.25012/23/2022 EUR 71.400
Vontobel Financial P 16.00012/23/2022 EUR 76.050
UniCredit Bank AG 5.150 01/02/2023 EUR 61.560
Landesbank Baden-Wue 3.400 1/27/2023 EUR 63.810
Landesbank Baden-Wue 6.70012/23/2022 EUR 72.940
SG Issuer SA 5.000 5/23/2024 EUR 58.140
Landesbank Baden-Wue 7.35012/23/2022 EUR 62.720
Landesbank Baden-Wue 10.00012/23/2022 EUR 57.100
Landesbank Baden-Wue 12.00012/23/2022 EUR 55.670
SG Issuer SA 5.000 04/02/2024 EUR 57.390
Landesbank Baden-Wue 6.00012/23/2022 EUR 63.390
Vontobel Financial P 10.50012/23/2022 EUR 74.120
Leonteq Securities A 20.400 11/01/2022 CHF 53.540
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 68.620
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 65.980
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 65.830
Vontobel Financial P 10.00012/23/2022 EUR 64.810
Vontobel Financial P 4.00012/23/2022 EUR 59.390
Vontobel Financial P 5.00012/23/2022 EUR 60.230
DZ Bank AG Deutsche 17.600 6/24/2022 EUR 63.570
DZ Bank AG Deutsche 15.600 9/23/2022 EUR 66.260
DZ Bank AG Deutsche 19.900 6/24/2022 EUR 68.750
DZ Bank AG Deutsche 18.000 6/24/2022 EUR 33.130
DZ Bank AG Deutsche 16.200 6/24/2022 EUR 74.510
Bank Julius Baer & C 17.200 02/06/2023 USD 63.100
UniCredit Bank AG 6.250 04/07/2022 EUR 58.250
UniCredit Bank AG 7.500 04/07/2022 EUR 73.600
Vontobel Financial P 15.50012/23/2022 EUR 50.980
Vontobel Financial P 16.700 05/06/2022 USD 73.130
Leonteq Securities A 24.000 11/04/2022 CHF 58.270
Vontobel Financial P 9.750 3/25/2022 EUR 61.690
Zurcher Kantonalbank 13.500 3/25/2022 CHF 57.750
DZ Bank AG Deutsche 8.250 3/23/2022 EUR 73.530
DZ Bank AG Deutsche 11.500 3/23/2022 EUR 49.180
Vontobel Financial P 14.000 3/25/2022 EUR 69.810
Vontobel Financial P 6.650 3/16/2022 EUR 66.290
Vontobel Financial P 11.100 3/16/2022 EUR 66.290
Vontobel Financial P 11.000 3/25/2022 EUR 73.720
UniCredit Bank AG 13.900 4/21/2022 EUR 56.170
Vontobel Financial P 9.000 4/13/2022 EUR 48.760
Leonteq Securities A 15.000 6/16/2022 EUR 66.830
Leonteq Securities A 15.000 6/16/2022 USD 46.840
Zurcher Kantonalbank 11.500 3/25/2022 CHF 45.360
UniCredit Bank AG 6.200 4/13/2022 EUR 41.350
UniCredit Bank AG 8.100 4/13/2022 EUR 66.950
Raiffeisen Switzerla 11.000 6/15/2022 CHF 68.910
Raiffeisen Switzerla 10.000 6/15/2022 CHF 72.370
Landesbank Baden-Wue 3.000 5/27/2022 EUR 37.450
Landesbank Baden-Wue 5.200 5/27/2022 EUR 33.880
Landesbank Baden-Wue 7.750 5/27/2022 EUR 31.160
Societe Generale Eff 16.25010/28/2022 EUR 73.170
Societe Generale Eff 18.25010/28/2022 EUR 71.620
Societe Generale Eff 22.25010/28/2022 EUR 69.260
Landesbank Baden-Wue 2.100 5/26/2023 EUR 74.420
Landesbank Baden-Wue 3.650 6/23/2023 EUR 72.280
Landesbank Baden-Wue 6.000 5/26/2023 EUR 72.480
Societe Generale Eff 6.50011/25/2022 EUR 75.420
Societe Generale Eff 7.50011/25/2022 EUR 74.170
Societe Generale Eff 10.750 6/24/2022 EUR 70.400
Societe Generale Eff 10.75011/25/2022 EUR 69.420
Vontobel Financial P 8.50012/23/2022 EUR 67.580
Landesbank Baden-Wue 4.000 5/26/2023 EUR 55.330
Landesbank Baden-Wue 6.200 5/26/2023 EUR 51.120
Landesbank Baden-Wue 7.850 5/26/2023 EUR 51.550
Societe Generale Eff 10.75011/25/2022 EUR 47.080
Societe Generale Eff 9.250 9/23/2022 EUR 72.070
Societe Generale Eff 16.000 9/23/2022 EUR 42.850
Societe Generale Eff 6.75011/25/2022 EUR 54.260
Credit Suisse AG/Lon 13.750 1/18/2023 CHF 77.750
Societe Generale Eff 26.250 7/22/2022 EUR 67.890
Societe Generale Eff 14.250 7/22/2022 EUR 77.650
Societe Generale Eff 16.250 7/22/2022 EUR 75.480
Societe Generale Eff 22.250 7/22/2022 EUR 70.270
Leonteq Securities A 10.00011/25/2022 CHF 49.080
Societe Generale Eff 20.25010/28/2022 EUR 70.330
Vontobel Financial P 15.000 3/24/2023 EUR 69.950
Societe Generale Eff 4.75011/25/2022 EUR 62.630
Societe Generale Eff 8.75011/25/2022 EUR 49.670
Landesbank Baden-Wue 6.50010/27/2023 EUR 54.650
Landesbank Baden-Wue 8.00010/27/2023 EUR 53.430
Societe Generale Eff 20.250 7/22/2022 EUR 71.780
Societe Generale Eff 19.00011/25/2022 EUR 70.890
Societe Generale Eff 21.00011/25/2022 EUR 69.810
Societe Generale Eff 28.250 7/22/2022 EUR 66.960
Societe Generale Eff 17.750 8/26/2022 EUR 73.120
Societe Generale Eff 21.750 8/26/2022 EUR 70.070
Societe Generale Eff 25.750 8/26/2022 EUR 67.900
Societe Generale Eff 20.000 9/23/2022 EUR 70.840
Societe Generale Eff 24.000 9/23/2022 EUR 68.560
Societe Generale Eff 18.250 7/22/2022 EUR 73.540
Leonteq Securities A 10.80011/29/2022 CHF 76.890
Landesbank Baden-Wue 5.500 5/26/2023 EUR 73.220
Vontobel Financial P 6.500 3/24/2023 EUR 58.170
Societe Generale Eff 15.00011/25/2022 EUR 73.880
Societe Generale Eff 17.00011/25/2022 EUR 72.240
Landesbank Baden-Wue 3.000 5/26/2023 EUR 72.530
Landesbank Baden-Wue 2.400 6/23/2023 EUR 74.850
Landesbank Baden-Wue 4.600 6/23/2023 EUR 70.660
Societe Generale Eff 15.750 8/26/2022 EUR 74.920
Societe Generale Eff 19.750 8/26/2022 EUR 71.480
Societe Generale Eff 23.750 8/26/2022 EUR 68.890
Societe Generale Eff 14.000 9/23/2022 EUR 75.690
Societe Generale Eff 22.000 9/23/2022 EUR 69.600
Societe Generale Eff 14.25010/28/2022 EUR 74.940
Societe Generale Eff 24.250 7/22/2022 EUR 68.980
Societe Generale Eff 13.750 8/26/2022 EUR 77.050
Societe Generale Eff 12.000 9/23/2022 EUR 77.830
Societe Generale Eff 16.000 9/23/2022 EUR 73.880
Societe Generale Eff 12.25010/28/2022 EUR 77.070
Leonteq Securities A 10.20011/25/2022 CHF 75.760
Leonteq Securities A 22.82011/25/2022 CHF 48.140
Landesbank Baden-Wue 4.35010/27/2023 EUR 76.010
Landesbank Baden-Wue 3.00010/25/2024 EUR 37.080
Vontobel Financial P 8.000 3/24/2023 EUR 67.870
Vontobel Financial P 7.50012/23/2022 EUR 65.730
Vontobel Financial P 9.50012/23/2022 EUR 67.300
Vontobel Financial P 8.50012/23/2022 EUR 66.510
Vontobel Financial P 10.00012/23/2022 EUR 67.700
Vontobel Financial P 7.500 3/24/2023 EUR 67.350
Vontobel Financial P 14.500 3/24/2023 EUR 74.160
Societe Generale Eff 7.550 8/23/2024 EUR 57.210
Nordea Bank Abp 7.150 7/20/2024 SEK 76.860
Nordea Bank Abp 6.063 7/20/2024 SEK 73.920
EFG International Fi 6.200 08/05/2022 EUR 24.970
Vontobel Financial P 9.010 08/08/2022 EUR 78.190
Bank Vontobel AG 6.500 8/28/2023 CHF 67.200
Bank Vontobel AG 5.50011/28/2022 CHF 72.600
Corner Banca SA 17.000 1/17/2023 EUR 61.580
Credit Suisse AG/Lon 9.250 08/11/2022 CHF 46.540
UBS AG/London 13.250 4/14/2023 USD 73.700
Basler Kantonalbank 12.00011/24/2022 CHF 72.030
Zurcher Kantonalbank 15.000 9/23/2022 CHF 51.370
Zurcher Kantonalbank 20.000 9/23/2022 CHF 71.140
Zurcher Kantonalbank 10.250 9/27/2022 CHF 69.630
Vontobel Financial P 7.500 3/24/2023 EUR 70.060
Vontobel Financial P 6.500 3/24/2023 EUR 71.050
Vontobel Financial P 8.50012/23/2022 EUR 69.200
Bank Vontobel AG 17.000 09/05/2022 CHF 47.000
Bank Vontobel AG 9.500 12/12/2022 CHF 75.000
Societe Generale SA 4.50012/29/2022 USD
Zurcher Kantonalbank 8.00010/18/2022 CHF 46.460
UBS AG/London 10.750 3/15/2023 CHF 52.200
UBS AG/London 10.750 3/15/2023 USD 67.200
Vontobel Financial P 11.000 3/24/2023 EUR 69.830
Vontobel Financial P 13.00012/23/2022 EUR 69.570
Vontobel Financial P 14.50012/23/2022 EUR 65.590
Vontobel Financial P 8.500 3/24/2023 EUR 69.090
Vontobel Financial P 6.000 3/24/2023 EUR 66.490
Vontobel Financial P 5.50012/23/2022 EUR 64.930
Vontobel Financial P 7.00012/23/2022 EUR 68.020
Vontobel Financial P 7.50012/23/2022 EUR 68.400
Vontobel Financial P 9.00012/23/2022 EUR 69.600
Bank Vontobel AG 19.000 12/05/2022 CHF 51.500
Zurcher Kantonalbank 13.000 9/20/2022 USD 58.930
Zurcher Kantonalbank 12.000 9/20/2022 CHF 65.100
Credit Suisse AG/Lon 11.500 7/13/2022 CHF 45.030
Zurcher Kantonalbank 16.00010/14/2022 CHF 55.090
UBS AG/London 15.250 9/15/2023 USD 56.100
Credit Suisse AG/Lon 10.000 7/19/2022 EUR 37.330
Bank Vontobel AG 12.000 09/06/2022 USD 48.100
Bank Vontobel AG 7.000 10/02/2023 CHF 69.000
Bank Vontobel AG 13.500 3/31/2023 CHF 63.500
UBS AG/London 12.000 02/06/2023 USD 60.600
UBS AG/London 10.250 02/06/2023 CHF 65.450
Vontobel Financial P 9.500 3/24/2023 EUR 71.370
Vontobel Financial P 7.00012/23/2022 EUR 67.370
UniCredit Bank AG 6.500 2/20/2023 PLN 97.700
Bank Vontobel AG 8.750 4/18/2023 CHF 47.600
Vontobel Financial P 8.000 3/24/2023 EUR 70.590
UBS AG/London 15.000 09/09/2022 USD 50.500
Bank Vontobel AG 19.500 09/05/2022 CHF 32.000
Zurcher Kantonalbank 10.000 9/15/2022 CHF 72.870
Zurcher Kantonalbank 19.500 10/12/2022 CHF 57.800
UBS AG/London 15.500 07/07/2022 CHF 80.600
UBS AG/London 10.250 1/17/2023 USD 56.900
Bank Vontobel AG 8.000 03/06/2023 USD 66.800
Bank Vontobel AG 20.000 10/03/2022 CHF 67.800
Bank Vontobel AG 17.000 1/24/2023 CHF 45.000
Credit Suisse AG/Lon 9.50010/18/2022 CHF 43.540
Credit Suisse AG/Lon 13.50010/24/2022 USD 56.020
Raiffeisen Switzerla 10.000 1/18/2023 CHF 78.490
Raiffeisen Switzerla 17.400 1/17/2023 EUR 64.170
Zurcher Kantonalbank 10.000 01/11/2023 CHF 64.110
Societe Generale SA 4.50012/30/2024 USD 75.810
UBS AG/London 10.000 3/22/2023 CHF 67.050
Credit Suisse AG/Lon 10.000 7/22/2022 CHF 30.730
Credit Suisse AG/Lon 12.750 7/20/2022 CHF 45.740
Bank Vontobel AG 16.25011/28/2022 CHF 58.200
UBS AG/London 8.000 7/28/2022 EUR 53.100
Bank Vontobel AG 6.000 09/04/2023 CHF 68.900
Bank Vontobel AG 13.750 03/06/2023 EUR 42.700
UBS AG/London 17.25011/24/2022 EUR 45.800
UBS AG/London 21.250 2/20/2023 CHF 50.850
UBS AG/London 8.750 2/27/2023 USD 65.850
Credit Suisse AG/Lon 11.500 7/28/2022 USD 76.270
Credit Suisse AG/Lon 12.500 7/29/2022 USD 29.560
Credit Suisse AG/Lon 18.250 08/08/2022 USD 50.420
UBS AG/London 13.000 04/06/2023 USD 56.500
Zurcher Kantonalbank 14.50010/24/2022 USD 40.740
Zurcher Kantonalbank 10.00010/24/2022 USD 70.770
Vontobel Financial P 8.500 3/24/2023 EUR 70.360
Vontobel Financial P 11.000 3/24/2023 EUR 72.930
Zurcher Kantonalbank 10.000 07/11/2022 CHF 64.580
Societe Generale Eff 10.250 7/22/2022 EUR 71.610
UBS AG/London 7.250 07/10/2023 USD 73.850
Bank Vontobel AG 10.500 10/10/2022 CHF 72.000
Credit Suisse AG/Lon 9.000 10/07/2022 CHF 41.700
Bank Vontobel AG 20.00012/27/2022 CHF 65.700
Bank Vontobel AG 5.00012/27/2022 CHF 77.300
UBS AG/London 11.500 03/01/2023 USD 65.350
UBS AG/London 11.250 03/01/2023 CHF 45.350
UBS AG/London 9.750 03/01/2023 CHF 44.350
UBS AG/London 6.250 09/01/2023 EUR 73.150
Zurcher Kantonalbank 7.500 01/10/2023 CHF 70.540
Credit Suisse AG/Lon 11.000 10/03/2022 CHF 68.400
Credit Suisse AG/Lon 8.250 10/04/2022 EUR 75.150
Bank Vontobel AG 13.000 01/10/2023 CHF 47.800
Bank Vontobel AG 15.000 04/12/2023 EUR 53.800
UBS AG/London 10.250 03/09/2023 USD 48.400
Vontobel Financial P 11.000 3/24/2023 EUR 70.440
Vontobel Financial P 5.000 3/24/2023 EUR 65.450
Vontobel Financial P 7.00012/23/2022 EUR 66.110
Bank Vontobel AG 9.500 12/12/2022 CHF 75.500
Bank Vontobel AG 5.750 09/11/2023 CHF 66.100
Bank Vontobel AG 12.50011/28/2022 CHF 44.200
Zurcher Kantonalbank 21.000 9/16/2022 CHF 70.420
Credit Suisse AG/Lon 9.000 10/12/2022 EUR 71.210
Credit Suisse AG/Lon 13.500 7/18/2022 CHF 67.850
Zurcher Kantonalbank 13.00010/13/2022 CHF 71.380
Societe Generale SA 4.50012/29/2022 USD 0.380
Vontobel Financial P 9.00012/23/2022 EUR 73.900
UBS AG/London 12.000 3/22/2023 CHF 43.850
UBS AG/London 8.000 01/09/2023 CHF 70.150
UBS AG/London 17.250 7/14/2022 USD 74.000
UBS AG/London 21.250 7/14/2022 CHF 50.200
Zurcher Kantonalbank 19.500 09/08/2022 CHF 41.120
UBS AG/London 19.500 08/11/2022 CHF 43.700
Vontobel Financial P 10.50012/23/2022 EUR 67.600
Vontobel Financial P 7.500 3/24/2023 EUR 68.050
Vontobel Financial P 6.00012/23/2022 EUR 65.330
Vontobel Financial P 8.00012/23/2022 EUR 66.900
Vontobel Financial P 8.500 3/24/2023 EUR 71.100
Bank Vontobel AG 14.00011/28/2022 CHF 59.600
Credit Suisse AG/Lon 10.00012/28/2022 USD 47.120
Bank Vontobel AG 16.250 04/12/2023 CHF 63.700
Vontobel Financial P 12.50012/23/2022 EUR 71.670
Zurcher Kantonalbank 8.250 9/23/2022 CHF 73.430
UBS AG/London 9.250 2/13/2023 CHF 49.650
UBS AG/London 9.250 2/13/2023 USD 35.850
UBS AG/London 9.250 2/20/2023 CHF 45.000
Bank Vontobel AG 8.00011/28/2022 CHF 49.800
Bank Vontobel AG 11.00011/28/2022 CHF 77.600
Bank Vontobel AG 10.00011/28/2022 CHF 41.000
Zurcher Kantonalbank 25.000 9/20/2022 CHF 47.110
Credit Suisse AG/Lon 12.500 7/14/2022 USD 27.020
UBS AG/London 12.250 4/13/2023 CHF 48.650
UBS AG/London 5.500 3/15/2023 EUR 55.900
UBS AG/London 18.250 3/15/2023 CHF 46.150
UBS AG/London 8.500 9/22/2022 CHF 37.600
Zurcher Kantonalbank 20.000 10/12/2022 USD 57.890
Credit Suisse AG/Lon 9.50010/21/2022 EUR 70.940
Bank Vontobel AG 18.500 09/06/2022 USD 58.800
Bank Vontobel AG 13.00011/28/2022 CHF 53.100
Bank Vontobel AG 13.500 10/03/2022 CHF 71.300
Bank Vontobel AG 5.250 01/04/2023 CHF 68.300
Vontobel Financial P 11.50012/23/2022 EUR 68.380
UBS AG/London 11.750 08/04/2023 USD 68.600
UBS AG/London 9.250 03/01/2023 CHF 41.850
UBS AG/London 10.250 09/01/2022 EUR 75.950
Zurcher Kantonalbank 7.000 01/10/2023 CHF 75.230
Credit Suisse AG/Lon 7.25012/27/2022 CHF 67.440
Credit Suisse AG/Lon 14.500 9/30/2022 USD 42.480
Credit Suisse AG/Lon 13.700 9/25/2023 USD 58.440
Bank Vontobel AG 7.000 3/31/2023 CHF 66.500
Bank Vontobel AG 10.000 01/10/2023 CHF 60.900
UBS AG/London 15.750 03/09/2023 USD 54.450
Vontobel Financial P 7.500 3/24/2023 EUR 64.870
UBS AG/London 17.750 08/04/2022 CHF 47.250
UBS AG/London 8.750 08/04/2023 CHF 55.850
Bank Vontobel AG 5.250 3/24/2023 CHF 76.500
Credit Suisse AG/Lon 10.000 10/05/2022 USD 46.360
UBS AG/London 7.250 09/08/2023 CHF 73.550
Vontobel Financial P 10.000 3/24/2023 EUR 67.470
Vontobel Financial P 11.00012/23/2022 EUR 66.430
UBS AG/London 8.250 3/22/2023 CHF 69.050
Zurcher Kantonalbank 14.000 9/27/2022 USD 67.630
Credit Suisse AG/Lon 11.500 9/29/2022 CHF 41.240
Credit Suisse AG/Lon 7.500 10/03/2022 CHF 70.480
Credit Suisse AG/Lon 12.400 9/25/2023 EUR 60.650
Bank Vontobel AG 10.500 04/12/2023 CHF 52.900
Zurcher Kantonalbank 29.000 1/17/2023 CHF 66.370
Vontobel Financial P 12.000 3/24/2023 EUR 70.870
Vontobel Financial P 6.500 3/24/2023 EUR 67.010
Vontobel Financial P 9.000 3/24/2023 EUR 69.610
Bank Vontobel AG 6.50010/17/2022 CHF 67.400
Sberbank of Russia P 0.010 08/04/2025 RUB 73.310
Vontobel Financial P 8.500 3/24/2023 EUR 68.390
Vontobel Financial P 9.500 3/24/2023 EUR 69.430
Vontobel Financial P 13.50012/23/2022 EUR 64.550
Vontobel Financial P 8.500 3/24/2023 EUR 71.860
Vontobel Financial P 9.00012/23/2022 EUR 70.400
Vontobel Financial P 7.500 3/24/2023 EUR 70.820
Vontobel Financial P 7.50012/23/2022 EUR 69.210
Skandinaviska Enskil 7.800 7/15/2024 SEK 71.050
Skandinaviska Enskil 6.500 7/15/2024 SEK 71.370
Raiffeisen Schweiz G 16.00011/29/2022 CHF 65.170
Raiffeisen Schweiz G 9.000 5/26/2023 USD 69.670
Bank Vontobel AG 9.00011/20/2023 CHF 53.200
Bank Vontobel AG 7.500 5/26/2023 CHF 75.500
Bank Vontobel AG 21.750 5/26/2023 CHF 61.700
Bank Vontobel AG 12.500 2/27/2023 CHF 49.900
Bank Vontobel AG 9.000 5/26/2023 EUR 70.900
Bank Vontobel AG 12.00011/28/2022 CHF 68.800
Zurcher Kantonalbank 16.500 1/25/2023 CHF 69.200
Landesbank Baden-Wue 3.250 2/24/2023 EUR 66.940
Sberbank of Russia P 0.946 6/18/2025 RUB 63.600
Societe Generale Eff 11.50011/25/2022 EUR 78.380
Societe Generale Eff 14.50012/23/2022 EUR 74.490
Societe Generale Eff 18.50012/23/2022 EUR 71.120
Societe Generale Eff 14.250 9/23/2022 EUR 69.280
Societe Generale Eff 20.250 9/23/2022 EUR 64.530
Societe Generale Eff 8.75012/23/2022 EUR 76.700
Societe Generale Eff 10.75012/23/2022 EUR 72.850
Societe Generale Eff 12.75012/23/2022 EUR 70.160
Societe Generale Eff 16.75012/23/2022 EUR 66.680
Societe Generale Eff 13.750 8/26/2022 EUR 70.550
Societe Generale Eff 15.750 8/26/2022 EUR 68.150
Societe Generale Eff 19.750 8/26/2022 EUR 64.880
Societe Generale Eff 12.250 9/23/2022 EUR 71.840
UBS AG/London 18.000 01/12/2023 USD 76.200
Credit Suisse AG/Lon 8.50012/15/2022 EUR 63.820
EFG International Fi 18.00012/22/2022 CHF 78.220
Societe Generale Eff 12.50012/23/2022 EUR 76.950
Societe Generale Eff 16.50012/23/2022 EUR 72.620
Societe Generale Eff 20.50012/23/2022 EUR 69.920
Landesbank Baden-Wue 8.400 7/28/2023 EUR 71.200
Landesbank Baden-Wue 5.300 7/28/2023 EUR 74.600
Landesbank Baden-Wue 6.400 7/28/2023 EUR 77.890
Sberbank of Russia P 0.010 6/25/2025 RUB 65.700
DZ Bank AG Deutsche 14.500 1/25/2023 EUR 75.700
Leonteq Securities A 24.00012/21/2022 CHF 53.620
Leonteq Securities A 22.80012/21/2022 CHF 68.460
DZ Bank AG Deutsche 16.300 3/24/2023 EUR 74.340
DZ Bank AG Deutsche 23.300 6/24/2022 EUR 55.600
DZ Bank AG Deutsche 19.300 9/23/2022 EUR 58.490
DZ Bank AG Deutsche 21.600 9/23/2022 EUR 57.280
DZ Bank AG Deutsche 17.10012/23/2022 EUR 61.170
DZ Bank AG Deutsche 18.80012/23/2022 EUR 59.980
DZ Bank AG Deutsche 15.000 3/24/2023 EUR 62.560
DZ Bank AG Deutsche 16.300 3/24/2023 EUR 61.750
DZ Bank AG Deutsche 17.700 3/24/2023 EUR 60.940
Luzerner Kantonalban 7.00012/16/2024 USD 78.040
Bank Julius Baer & C 11.000 1/25/2023 EUR 76.300
Credit Suisse AG/Lon 15.500 1/19/2023 USD 78.180
EFG International Fi 7.000 5/23/2022 EUR 29.010
Leonteq Securities A 22.800 1/25/2023 CHF 75.250
Landesbank Baden-Wue 2.75011/25/2022 EUR 60.300
DZ Bank AG Deutsche 20.200 9/23/2022 EUR 73.090
UniCredit Bank AG 4.45012/29/2022 EUR 36.120
Raiffeisen Schweiz G 18.000 1/25/2023 CHF 75.500
Vontobel Financial P 16.00012/23/2022 EUR 72.690
Landesbank Baden-Wue 2.70010/28/2022 EUR 61.290
UniCredit Bank AG 4.400 12/10/2022 EUR 71.630
Raiffeisen Switzerla 9.000 7/21/2023 USD 78.790
SG Issuer SA 7.500 1/20/2025 SEK 50.090
DZ Bank AG Deutsche 24.80012/23/2022 EUR 68.270
DZ Bank AG Deutsche 21.900 6/24/2022 EUR 72.940
Vontobel Financial P 15.500 2/20/2023 EUR 72.920
UniCredit Bank AG 3.80012/29/2022 EUR 45.840
DekaBank Deutsche Gi 3.00012/29/2022 EUR 57.960
DZ Bank AG Deutsche 15.600 3/24/2023 EUR 49.560
Vontobel Financial P 11.50012/23/2022 EUR 73.810
Vontobel Financial P 4.00012/23/2022 EUR 78.520
Vontobel Financial P 13.00012/23/2022 EUR 67.140
Vontobel Financial P 6.50012/23/2022 EUR 70.680
Societe Generale Eff 5.600 09/04/2023 EUR 46.820
DZ Bank AG Deutsche 14.10012/23/2022 EUR 64.710
Vontobel Financial P 13.00012/23/2022 EUR 64.710
DZ Bank AG Deutsche 9.100 3/24/2023 EUR 67.610
Vontobel Financial P 4.00012/23/2022 EUR 54.180
EFG International Fi 11.04010/25/2022 EUR 49.400
Raiffeisen Schweiz G 10.000 6/29/2022 CHF 66.150
Raiffeisen Schweiz G 11.000 6/29/2022 CHF 62.510
Societe Generale Eff 10.50010/28/2022 EUR 48.360
Leonteq Securities A 14.000 2/22/2023 EUR 61.260
Leonteq Securities A 14.00012/27/2022 CHF 60.940
BNP Paribas Emission 3.000 6/23/2022 EUR 69.200
Leonteq Securities A 27.30011/22/2022 USD 46.530
SG Issuer SA 7.740 7/20/2025 SEK 59.040
Leonteq Securities A 12.000 6/27/2023 CHF 70.130
BNP Paribas Emission 3.000 6/23/2022 EUR 72.070
BNP Paribas Emission 3.000 6/23/2022 EUR 67.840
BNP Paribas Emission 3.000 9/22/2022 EUR 69.580
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 70.340
Leonteq Securities A 13.00012/27/2022 USD 80.370
BNP Paribas Emission 3.000 6/23/2022 EUR 66.530
Corner Banca SA 14.000 3/27/2023 CHF 71.950
BNP Paribas Emission 3.000 9/22/2022 EUR 67.040
BNP Paribas Emission 3.00012/22/2022 EUR 70.150
BNP Paribas Emission 4.00012/22/2022 EUR 68.500
DZ Bank AG Deutsche 8.25012/21/2022 EUR 72.960
DZ Bank AG Deutsche 5.25012/21/2022 EUR 68.140
DZ Bank AG Deutsche 8.25012/21/2022 EUR 69.960
DZ Bank AG Deutsche 9.000 6/22/2022 EUR 73.480
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 73.020
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 69.020
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 70.340
DZ Bank AG Deutsche 6.25012/21/2022 EUR 71.100
DZ Bank AG Deutsche 12.25012/21/2022 EUR 60.910
Raiffeisen Schweiz G 17.50012/27/2022 CHF 67.760
Credit Suisse AG/Lon 20.00012/21/2022 USD 63.890
Bank Vontobel AG 20.00012/27/2022 CHF 67.500
Bank Vontobel AG 9.50012/27/2023 CHF 59.600
Bank Vontobel AG 18.75012/27/2022 CHF 60.400
Bank Vontobel AG 25.00012/27/2022 CHF 71.900
Raiffeisen Switzerla 15.00012/27/2022 CHF 59.320
Raiffeisen Switzerla 9.000 6/27/2023 USD 74.310
DZ Bank AG Deutsche 4.500 9/21/2022 EUR 64.420
BNP Paribas Emission 3.000 9/22/2022 EUR 72.260
BNP Paribas Emission 3.00012/22/2022 EUR 72.670
DZ Bank AG Deutsche 8.50012/21/2022 EUR 74.090
Zurcher Kantonalbank 10.50011/16/2022 CHF 75.240
Leonteq Securities A 17.00010/25/2022 USD 63.550
Leonteq Securities A 10.000 4/25/2023 CHF 76.010
Bank Julius Baer & C 10.25012/29/2022 CHF 63.100
Vontobel Financial P 8.50012/23/2022 EUR 69.240
Credit Suisse AG/Lon 7.37012/28/2022 USD 9.730
Vontobel Financial P 10.00012/23/2022 EUR 66.670
Vontobel Financial P 9.00012/23/2022 EUR 72.850
Zurcher Kantonalbank 19.00011/15/2022 CHF 57.240
Zurcher Kantonalbank 20.00011/15/2022 USD 57.640
Vontobel Financial P 14.50012/23/2022 EUR 74.890
Vontobel Financial P 10.50012/23/2022 EUR 74.030
Vontobel Financial P 9.50012/23/2022 EUR 67.240
Zurcher Kantonalbank 6.40011/16/2022 USD 73.780
Landesbank Baden-Wue 2.700 9/22/2023 EUR 70.610
Raiffeisen Schweiz G 12.000 6/29/2022 CHF 67.110
Raiffeisen Schweiz G 13.000 6/29/2022 CHF 64.050
Raiffeisen Schweiz G 20.000 6/29/2022 CHF 42.230
EFG International Fi 11.780 07/11/2022 USD 76.430
DZ Bank AG Deutsche 10.750 9/21/2022 EUR 70.910
DZ Bank AG Deutsche 8.000 3/23/2022 EUR 63.080
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 66.360
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 67.130
DZ Bank AG Deutsche 4.750 9/21/2022 EUR 74.130
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 62.440
DZ Bank AG Deutsche 9.000 9/21/2022 EUR 63.570
DZ Bank AG Deutsche 11.000 9/21/2022 EUR 64.570
DZ Bank AG Deutsche 7.250 9/21/2022 EUR 64.220
DZ Bank AG Deutsche 5.750 6/22/2022 EUR 73.600
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 74.150
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 62.960
DZ Bank AG Deutsche 4.250 9/21/2022 EUR 61.780
DZ Bank AG Deutsche 6.000 9/21/2022 EUR 75.710
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 73.580
DZ Bank AG Deutsche 6.000 6/22/2022 EUR 69.740
DZ Bank AG Deutsche 8.750 9/21/2022 EUR 68.810
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 68.160
DZ Bank AG Deutsche 4.250 9/21/2022 EUR 65.220
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 68.830
DZ Bank AG Deutsche 6.000 9/21/2022 EUR 64.360
DZ Bank AG Deutsche 7.000 3/23/2022 EUR 71.780
DZ Bank AG Deutsche 6.000 6/22/2022 EUR 71.650
DZ Bank AG Deutsche 5.000 9/21/2022 EUR 72.140
Vontobel Financial P 4.150 7/18/2023 EUR 70.010
Vontobel Financial P 9.40012/30/2022 CHF 38.120
Erste Group Bank AG 10.750 08/02/2022 EUR 56.900
Erste Group Bank AG 4.500 08/02/2025 EUR 73.650
Leonteq Securities A 20.000 6/29/2022 CHF 42.930
Zurcher Kantonalbank 7.000 01/09/2023 CHF 71.580
UniCredit Bank AG 9.250 7/27/2022 EUR 71.510
Zurcher Kantonalbank 15.750 07/08/2022 USD 52.050
Bank Vontobel AG 6.500 6/26/2023 CHF 70.500
Bank Vontobel AG 8.00512/27/2022 CHF 73.100
Bank Vontobel AG 7.00012/27/2022 CHF 57.600
Landesbank Baden-Wue 4.150 6/23/2023 EUR 51.620
Landesbank Baden-Wue 3.800 6/23/2023 EUR 52.100
Landesbank Baden-Wue 2.600 6/23/2023 EUR 55.060
Landesbank Baden-Wue 4.500 6/23/2023 EUR 69.130
Landesbank Baden-Wue 3.350 6/23/2023 EUR 71.070
Landesbank Baden-Wue 5.350 6/23/2023 EUR 66.570
Landesbank Baden-Wue 5.000 6/23/2023 EUR 49.850
Landesbank Baden-Wue 5.600 6/23/2023 EUR 52.730
Bank Julius Baer & C 5.80010/26/2022 CHF 58.000
DZ Bank AG Deutsche 10.50012/21/2022 EUR 74.140
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 66.830
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 70.740
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 73.070
DZ Bank AG Deutsche 11.00012/21/2022 EUR 66.160
Bank Julius Baer & C 14.50010/26/2022 EUR 74.450
Leonteq Securities A 15.00010/26/2022 USD 74.850
Leonteq Securities A 20.40010/26/2022 CHF 48.480
Leonteq Securities A 22.20010/26/2022 CHF 72.730
Raiffeisen Schweiz G 18.00010/25/2022 CHF 64.920
Raiffeisen Schweiz G 8.000 7/25/2023 CHF 73.850
Raiffeisen Schweiz G 10.000 4/25/2023 CHF 63.480
Bank Julius Baer & C 22.500 4/27/2022 USD 65.100
Vontobel Financial P 9.25012/23/2022 EUR 69.980
DZ Bank AG Deutsche 12.200 6/24/2022 EUR 70.750
DZ Bank AG Deutsche 15.300 6/24/2022 EUR 68.240
DZ Bank AG Deutsche 10.500 9/23/2022 EUR 72.540
DZ Bank AG Deutsche 12.800 9/23/2022 EUR 70.600
DZ Bank AG Deutsche 12.20010/28/2022 EUR 71.900
DZ Bank AG Deutsche 11.30012/23/2022 EUR 72.200
DZ Bank AG Deutsche 16.600 9/23/2022 EUR 46.190
DZ Bank AG Deutsche 18.80010/28/2022 EUR 45.950
DZ Bank AG Deutsche 14.80012/23/2022 EUR 48.670
DZ Bank AG Deutsche 17.30012/23/2022 EUR 47.580
Vontobel Financial P 8.25012/23/2022 EUR 74.480
EFG International Fi 16.00010/27/2022 CHF 58.700
Erste Group Bank AG 5.500 08/02/2025 EUR 66.150
Zurcher Kantonalbank 8.000 07/07/2022 EUR 72.600
UniCredit Bank AG 10.100 7/27/2022 EUR 45.500
UniCredit Bank AG 9.800 7/27/2022 EUR 58.550
Zurcher Kantonalbank 8.250 07/07/2022 CHF 72.760
Bank Vontobel AG 6.502 6/26/2023 CHF 69.700
Bank Vontobel AG 8.00512/27/2022 CHF 73.600
Bank Vontobel AG 5.750 6/26/2023 CHF 72.600
Zurcher Kantonalbank 10.400 07/08/2022 CHF 67.050
Landesbank Baden-Wue 2.800 6/23/2023 EUR 53.890
Landesbank Baden-Wue 4.650 6/23/2023 EUR 67.990
Landesbank Baden-Wue 3.400 6/23/2023 EUR 71.320
Landesbank Baden-Wue 1.800 6/23/2023 EUR 77.200
EFG International Fi 17.000 6/30/2022 CHF 45.390
EFG International Fi 10.010 6/30/2022 EUR 43.040
UBS AG/London 9.900 07/01/2024 EUR 65.440
Raiffeisen Centroban 11.750 08/04/2023 EUR 57.730
Bank Vontobel AG 18.000 8/29/2022 USD 55.800
Bank Vontobel AG 15.000 8/29/2022 USD 51.200
Credit Suisse AG/Lon 12.00010/18/2022 EUR 41.520
Credit Suisse AG/Lon 8.00010/25/2022 USD 77.090
UBS AG/London 10.50010/13/2022 CHF 74.750
UBS AG/London 14.750 4/14/2023 USD 63.650
UBS AG/London 13.250 4/14/2023 USD 55.400
Leonteq Securities A 15.000 4/21/2023 CHF 73.470
Leonteq Securities A 10.000 4/18/2023 USD 70.520
Zurcher Kantonalbank 23.00010/20/2022 CHF 63.560
Zurcher Kantonalbank 10.00010/25/2022 CHF 61.190
Zurcher Kantonalbank 26.80010/25/2022 CHF 65.550
UBS AG/London 10.00012/30/2022 CHF 53.900
UBS AG/London 13.000 10/06/2022 CHF 52.650
UBS AG/London 13.250 04/06/2023 USD 72.600
UBS AG/London 15.750 2/27/2023 CHF 56.600
Credit Suisse AG/Lon 12.250 7/28/2022 CHF 46.950
Credit Suisse AG/Lon 8.00010/28/2022 CHF 65.170
UBS AG/London 9.250 3/29/2023 USD 75.750
UBS AG/London 21.50011/25/2022 USD 73.750
Bank Vontobel AG 9.000 03/06/2023 CHF 66.900
Bank Vontobel AG 12.000 09/05/2022 EUR 51.800
Credit Suisse AG/Lon 16.000 08/05/2022 USD 40.920
Leonteq Securities A 17.000 1/18/2023 CHF 57.600
UBS AG/London 15.000 4/14/2023 USD 77.600
Corner Banca SA 16.000 1/24/2023 CHF 76.710
UBS AG/London 13.750 10/06/2023 USD 60.900
UBS AG/London 9.250 2/27/2023 CHF 47.200
UBS AG/London 11.000 2/27/2023 CHF 72.800
Credit Suisse AG/Lon 10.000 08/03/2022 EUR 35.370
Credit Suisse AG/Lon 9.500 08/03/2022 CHF 43.830
UBS AG/London 15.00011/25/2022 USD 73.850
Bank Vontobel AG 10.000 1/23/2023 CHF 46.000
UBS AG/London 18.750 02/06/2023 CHF 61.000
Bank Vontobel AG 11.000 12/05/2022 CHF 67.300
Credit Suisse AG/Lon 12.25010/24/2022 CHF 56.030
Credit Suisse AG/Lon 11.10010/13/2022 CHF 60.690
Vontobel Financial P 8.000 3/24/2023 EUR 74.810
UBS AG/London 8.000 01/09/2023 CHF 74.650
Credit Suisse AG/Lon 16.000 7/22/2022 USD 28.320
Bank Vontobel AG 14.750 1/16/2023 CHF 49.900
Bank Vontobel AG 8.500 1/23/2023 CHF 44.700
Bank Vontobel AG 25.000 8/25/2022 CHF 56.100
Leonteq Securities A 8.000 05/02/2023 CHF 17.530
Leonteq Securities A 12.000 05/02/2023 USD 62.910
Vontobel Financial P 14.50012/23/2022 EUR 73.280
Credit Suisse AG/Lon 4.550 2/23/2023 USD 9.750
Bank Vontobel AG 16.500 8/29/2022 CHF 43.000
UBS AG/London 8.500 1/30/2023 CHF 48.800
UBS AG/London 8.000 7/28/2023 CHF 68.300
Vontobel Financial P 15.00012/23/2022 EUR 71.270
Bank Vontobel AG 20.50011/21/2022 CHF 57.600
Bank Vontobel AG 20.00011/21/2022 CHF 61.100
Bank Vontobel AG 8.000 5/22/2023 CHF 68.300
Bank Vontobel AG 10.00011/21/2022 CHF 55.300
Bank Vontobel AG 18.00011/21/2022 USD 59.400
Bank Vontobel AG 10.750 5/22/2023 CHF 64.600
Bank Vontobel AG 12.000 2/20/2023 CHF 73.600
Bank Vontobel AG 14.000 5/22/2023 CHF 69.200
Bank Vontobel AG 10.000 1/23/2023 EUR 75.200
Bank Vontobel AG 15.00010/24/2022 CHF 58.700
Vontobel Financial P 10.50012/23/2022 EUR 70.090
Bank Vontobel AG 6.000 8/28/2023 CHF 68.700
Bank Vontobel AG 18.000 2/28/2023 CHF 54.700
Bank Vontobel AG 5.50011/28/2022 EUR 56.400
UBS AG/London 10.250 07/07/2022 EUR 45.800
UBS AG/London 8.750 1/16/2023 CHF 61.750
UBS AG/London 17.000 1/17/2023 USD 77.150
Bank Vontobel AG 12.250 12/05/2022 USD 66.900
Credit Suisse AG/Lon 5.20011/27/2023 USD 9.380
UBS AG/London 17.500 7/28/2022 CHF 48.700
Zurcher Kantonalbank 9.50010/20/2022 CHF 62.020
Credit Suisse AG/Lon 10.250 11/09/2022 USD 35.980
Credit Suisse AG/Lon 11.250 8/15/2022 EUR 58.160
Vontobel Financial P 8.50012/23/2022 EUR 68.520
Vontobel Financial P 12.000 3/24/2023 EUR 71.480
Vontobel Financial P 17.50012/23/2022 EUR 73.230
Vontobel Financial P 14.500 3/24/2023 EUR 74.080
Vontobel Financial P 15.000 3/24/2023 EUR 74.600
UBS AG/London 20.250 7/28/2022 USD 32.600
Leonteq Securities A 10.000 02/01/2023 CHF 38.920
Vontobel Financial P 12.500 3/24/2023 EUR 74.520
UBS AG/London 9.250 1/30/2023 USD 46.450
Leonteq Securities A 25.00011/29/2022 CHF 65.260
Leonteq Securities A 10.800 5/26/2023 EUR 66.560
Leonteq Securities A 17.600 5/30/2023 USD 67.500
Leonteq Securities A 10.00011/29/2023 EUR 73.820
Leonteq Securities A 8.000 03/01/2023 CHF 75.520
Leonteq Securities A 10.00011/29/2022 CHF 69.740
Raiffeisen Schweiz G 9.000 2/28/2023 CHF 66.230
Bank Vontobel AG 6.500 2/20/2023 CHF 45.600
Bank Vontobel AG 9.00011/20/2023 EUR 73.600
Bank Vontobel AG 8.00011/27/2023 EUR 61.500
Bank Vontobel AG 7.250 2/27/2023 CHF 74.800
Bank Vontobel AG 24.00011/28/2022 CHF 60.600
Bank Vontobel AG 18.250 5/26/2023 EUR 47.400
SG Issuer SA 7.600 1/20/2025 SEK 51.360
UBS AG/London 9.750 4/27/2023 USD 66.600
UBS AG/London 11.75010/27/2022 CHF 75.800
DZ Bank AG Deutsche 5.250 3/20/2023 EUR 73.410
Zurcher Kantonalbank 19.00010/26/2022 CHF 59.910
Landesbank Baden-Wue 9.25010/27/2023 EUR 76.270
Bank Vontobel AG 19.00010/31/2022 EUR 48.900
DZ Bank AG Deutsche 6.750 6/19/2023 EUR 72.510
Vontobel Financial P 17.75012/23/2022 EUR 55.740
Societe Generale Eff 12.75011/25/2022 EUR 45.530
Societe Generale Eff 18.000 7/22/2022 EUR 40.870
Leonteq Securities A 17.00011/22/2022 USD 55.850
Leonteq Securities A 13.000 2/22/2023 CHF 54.550
Zurcher Kantonalbank 16.00011/18/2022 CHF 67.590
Leonteq Securities A 18.50011/29/2022 CHF 65.150
Leonteq Securities A 10.800 5/26/2023 CHF 71.040
Leonteq Securities A 10.800 5/26/2023 EUR 70.510
Corner Banca SA 13.20011/29/2022 CHF 70.790
Leonteq Securities A 12.80011/29/2022 CHF 57.940
Corner Banca SA 11.00011/29/2022 CHF 46.650
Corner Banca SA 12.00011/29/2022 USD 60.550
Leonteq Securities A 10.00011/29/2022 CHF 67.360
Leonteq Securities A 11.000 5/30/2023 USD 70.990
UBS AG/London 7.640 4/20/2026 SEK 69.880
EFG International Fi 18.000 1/26/2023 USD 78.380
DZ Bank AG Deutsche 5.250 3/22/2023 EUR 70.400
DZ Bank AG Deutsche 5.750 3/22/2023 EUR 69.780
DZ Bank AG Deutsche 6.50012/21/2022 EUR 74.930
DZ Bank AG Deutsche 8.000 9/21/2022 EUR 74.680
DZ Bank AG Deutsche 6.00012/21/2022 EUR 72.280
DZ Bank AG Deutsche 8.750 9/21/2022 EUR 74.260
DZ Bank AG Deutsche 8.25012/21/2022 EUR 73.450
DZ Bank AG Deutsche 5.25012/21/2022 EUR 74.480
DZ Bank AG Deutsche 5.25012/21/2022 EUR 68.820
DZ Bank AG Deutsche 5.750 3/22/2023 EUR 72.460
DZ Bank AG Deutsche 9.250 3/22/2023 EUR 71.290
Sberbank of Russia P 0.010 7/24/2025 RUB 64.400
Landesbank Baden-Wue 3.500 8/26/2022 EUR 32.560
Landesbank Baden-Wue 5.450 8/26/2022 EUR 28.500
EFG International Fi 8.000 7/22/2022 CHF 60.900
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 71.900
DZ Bank AG Deutsche 6.00012/21/2022 EUR 68.680
DZ Bank AG Deutsche 8.50012/21/2022 EUR 73.630
DZ Bank AG Deutsche 12.250 9/21/2022 EUR 72.810
DZ Bank AG Deutsche 5.25012/21/2022 EUR 69.490
Sberbank of Russia P 0.010 7/23/2025 RUB 70.510
DVM Construction Fov 3.000 7/29/2030 HUF 69.200
Credit Suisse AG/Lon 15.250 1/20/2023 USD 70.820
DZ Bank AG Deutsche 4.25012/21/2022 EUR 73.520
Vontobel Financial P 17.50012/23/2022 EUR 76.240
Vontobel Financial P 14.50012/23/2022 EUR 72.450
Vontobel Financial P 16.50012/23/2022 EUR 71.510
Credit Suisse AG/Lon 8.500 2/14/2023 EUR 73.280
Zurcher Kantonalbank 10.000 1/20/2023 EUR 73.800
UBS AG/London 6.380 06/07/2023 USD 9.800
DekaBank Deutsche Gi 4.250 05/03/2022 EUR 41.340
Deutsche Bank AG/Lon 2.200 4/14/2023 EUR 74.970
Raiffeisen Switzerla 11.500 05/10/2022 CHF 64.640
Vontobel Financial P 18.500 3/25/2022 EUR 71.720
Vontobel Financial P 19.500 3/25/2022 EUR 71.760
Vontobel Financial P 13.500 3/25/2022 EUR 73.830
Vontobel Financial P 14.500 6/24/2022 EUR 70.760
Vontobel Financial P 16.000 3/25/2022 EUR 69.890
Vontobel Financial P 11.500 6/24/2022 EUR 69.890
SG Issuer SA 8.700 1/20/2025 SEK 52.460
UniCredit Bank AG 3.100 5/28/2023 EUR 72.820
Bank Vontobel AG 9.00012/18/2023 CHF 54.900
Bank Vontobel AG 7.500 6/19/2023 CHF 71.300
Corner Banca SA 13.000 3/17/2023 CHF 71.120
Leonteq Securities A 14.000 3/17/2023 CHF 51.880
Leonteq Securities A 22.80012/16/2022 CHF 66.710
Raiffeisen Schweiz G 12.50012/20/2022 CHF 53.100
Raiffeisen Switzerla 10.00012/20/2022 CHF 69.180
Bank Vontobel AG 11.000 6/19/2023 CHF 71.400
Bank Vontobel AG 14.00012/19/2022 CHF 71.800
Raiffeisen Switzerla 18.20012/20/2022 CHF 70.410
Bank Vontobel AG 17.25012/19/2022 CHF 72.900
Bank Vontobel AG 10.25012/19/2022 CHF 49.700
Bank Vontobel AG 13.00012/19/2022 EUR 49.300
Societe Generale Eff 16.250 9/23/2022 EUR 67.310
Societe Generale Eff 18.250 9/23/2022 EUR 65.760
Societe Generale Eff 14.75012/23/2022 EUR 68.160
Societe Generale Eff 18.75012/23/2022 EUR 65.560
Societe Generale Eff 11.750 8/26/2022 EUR 73.610
Societe Generale Eff 17.750 8/26/2022 EUR 66.310
Societe Generale Eff 10.250 9/23/2022 EUR 74.850
UBS AG/London 17.500 07/12/2023 USD 72.500
Leonteq Securities A 17.00012/20/2022 CHF 70.170
Leonteq Securities A 14.000 3/17/2023 USD 69.990
Raiffeisen Switzerla 7.800 6/20/2023 CHF 75.300
Societe Generale Eff 14.75011/25/2022 EUR 44.600
Societe Generale Eff 8.50011/25/2022 EUR 73.100
Societe Generale Eff 8.75011/25/2022 EUR 71.450
Zurcher Kantonalbank 30.000 1/18/2023 USD 65.930
Zurcher Kantonalbank 10.000 7/18/2022 CHF 70.510
Banque Cantonale Vau 21.150 8/22/2022 CHF 45.560
Societe Generale Eff 11.75010/28/2022 EUR 58.200
Skandinaviska Enskil 8.200 1/15/2024 SEK 76.830
DZ Bank AG Deutsche 6.250 3/22/2023 EUR 68.120
DZ Bank AG Deutsche 8.250 3/22/2023 EUR 71.430
DZ Bank AG Deutsche 5.250 3/22/2023 EUR 68.550
DZ Bank AG Deutsche 8.750 6/22/2022 EUR 66.980
DZ Bank AG Deutsche 5.750 9/21/2022 EUR 66.160
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 68.610
DZ Bank AG Deutsche 8.250 3/22/2023 EUR 72.070
DZ Bank AG Deutsche 18.100 3/24/2023 EUR 68.190
Societe Generale Eff 22.250 9/23/2022 EUR 62.670
Societe Generale Eff 10.50010/28/2022 EUR 72.900
Societe Generale Eff 12.50010/28/2022 EUR 70.160
Societe Generale Eff 14.50010/28/2022 EUR 67.850
Societe Generale Eff 16.50010/28/2022 EUR 66.070
Societe Generale Eff 20.50010/28/2022 EUR 63.600
Societe Generale Eff 15.50011/25/2022 EUR 66.820
DZ Bank AG Deutsche 21.700 9/23/2022 EUR 65.500
DZ Bank AG Deutsche 24.600 9/23/2022 EUR 63.910
Leonteq Securities A 25.80012/16/2022 CHF 52.440
Bank Vontobel AG 8.000 06/12/2023 EUR 72.400
Vontobel Financial P 9.50012/23/2022 EUR 75.540
Vontobel Financial P 17.50012/23/2022 EUR 71.090
Vontobel Financial P 10.50012/23/2022 EUR 74.840
Vontobel Financial P 13.50012/23/2022 EUR 72.990
Vontobel Financial P 11.50012/23/2022 EUR 74.180
Vontobel Financial P 24.00012/23/2022 EUR 81.920
Vontobel Financial P 10.00012/23/2022 EUR 75.000
Vontobel Financial P 6.00012/23/2022 EUR 60.990
Leonteq Securities A 15.000 01/10/2023 CHF 56.120
Leonteq Securities A 20.000 01/10/2023 CHF 64.560
Societe Generale Eff 23.750 7/22/2022 EUR 53.010
Societe Generale Eff 20.500 9/23/2022 EUR 55.080
Bank Julius Baer & C 8.450 8/15/2022 USD 80.000
Vontobel Financial P 24.50012/23/2022 EUR 56.070
Vontobel Financial P 15.50012/23/2022 EUR 71.960
Vontobel Financial P 19.50012/23/2022 EUR 70.380
Vontobel Financial P 12.50012/23/2022 EUR 73.570
Vontobel Financial P 6.50012/23/2022 EUR 61.380
Sberbank of Russia P 0.010 08/12/2025 RUB 73.100
Raiffeisen Switzerla 9.000 07/06/2023 USD 72.240
Societe Generale Eff 21.750 8/26/2022 EUR 54.230
Societe Generale Eff 8.50010/28/2022 EUR 76.250
Societe Generale Eff 18.50010/28/2022 EUR 64.690
Societe Generale Eff 7.50011/25/2022 EUR 77.950
Societe Generale Eff 9.50011/25/2022 EUR 74.300
Societe Generale Eff 11.50011/25/2022 EUR 71.280
Societe Generale Eff 13.50011/25/2022 EUR 68.730
Societe Generale Eff 17.50011/25/2022 EUR 65.330
Societe Generale Eff 19.50011/25/2022 EUR 64.180
DZ Bank AG Deutsche 18.50012/23/2022 EUR 67.410
DZ Bank AG Deutsche 20.60012/23/2022 EUR 66.430
DZ Bank AG Deutsche 19.400 1/27/2023 EUR 67.010
DZ Bank AG Deutsche 21.300 1/27/2023 EUR 66.290
DZ Bank AG Deutsche 16.500 3/24/2023 EUR 68.990
Raiffeisen Switzerla 20.000 01/06/2023 CHF 76.980
Landesbank Baden-Wue 5.60010/27/2023 EUR 74.230
Landesbank Baden-Wue 5.25010/27/2023 EUR 56.790
Bank Vontobel AG 16.50010/31/2022 CHF 58.100
Bank Vontobel AG 16.00010/31/2022 CHF 73.200
UBS AG/London 11.50010/27/2022 EUR 43.750
DZ Bank AG Deutsche 7.000 3/20/2023 EUR 74.240
DZ Bank AG Deutsche 4.750 6/19/2023 EUR 74.430
UBS AG/London 9.500 4/27/2023 USD 66.800
Zurcher Kantonalbank 20.00010/26/2022 USD 59.840
DZ Bank AG Deutsche 5.500 6/19/2023 EUR 72.500
Zurcher Kantonalbank 12.00010/26/2022 USD 67.300
DekaBank Deutsche Gi 3.100 04/08/2022 EUR 48.560
DekaBank Deutsche Gi 3.300 04/08/2022 EUR 47.760
Landesbank Baden-Wue 3.150 6/24/2022 EUR 70.390
Landesbank Baden-Wue 2.500 6/24/2022 EUR 64.240
UniCredit Bank AG 5.150 4/24/2023 EUR 67.870
Landesbank Baden-Wue 2.750 9/23/2022 EUR 62.880
UniCredit Bank AG 6.900 3/16/2022 EUR 63.910
UniCredit Bank AG 9.100 3/16/2022 EUR 64.800
UniCredit Bank AG 13.200 3/16/2022 EUR 40.230
UBS AG/London 14.750 2/17/2023 CHF 39.450
Vontobel Financial P 4.800 06/01/2022 EUR 72.610
Leonteq Securities A 13.400 5/18/2022 CHF 63.810
Leonteq Securities A 14.000 5/19/2022 CHF 40.830
Bank Vontobel AG 10.506 8/19/2022 EUR 62.400
Bank Vontobel AG 7.756 8/19/2022 CHF 62.600
Bank Vontobel AG 10.508 8/19/2022 CHF 44.400
Bank Vontobel AG 10.507 8/19/2022 CHF 44.400
Bank Vontobel AG 12.008 8/19/2022 CHF 42.700
Leonteq Securities A 15.000 8/19/2022 CHF 72.260
Leonteq Securities A 15.000 5/19/2022 CHF 29.840
Leonteq Securities A 12.400 8/19/2022 EUR 66.160
Leonteq Securities A 11.400 5/19/2022 CHF 61.780
Corner Banca SA 19.000 5/23/2022 USD 30.490
Leonteq Securities A 16.000 5/19/2022 CHF 63.360
Leonteq Securities A 19.000 5/23/2022 USD 65.000
Leonteq Securities A 10.000 5/19/2022 CHF 46.040
Leonteq Securities A 5.700 8/19/2022 USD 64.030
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 70.370
DZ Bank AG Deutsche 5.250 3/23/2022 EUR 74.300
DZ Bank AG Deutsche 6.750 3/23/2022 EUR 61.390
DZ Bank AG Deutsche 8.000 3/23/2022 EUR 67.700
DZ Bank AG Deutsche 8.750 3/23/2022 EUR 67.710
EFG International Fi 4.500 2/26/2024 USD 56.340
Vontobel Financial P 11.500 3/25/2022 EUR 73.740
Vontobel Financial P 10.000 3/25/2022 EUR 74.390
Vontobel Financial P 16.000 3/25/2022 EUR 71.620
Vontobel Financial P 17.500 3/25/2022 EUR 71.680
Vontobel Financial P 18.500 3/25/2022 EUR 71.720
Vontobel Financial P 19.000 3/25/2022 EUR 71.740
UniCredit Bank AG 10.100 3/23/2022 EUR 65.740
Vontobel Financial P 11.500 3/25/2022 EUR 62.450
Landesbank Baden-Wue 3.000 6/24/2022 EUR 67.030
Raiffeisen Switzerla 7.000 8/19/2022 CHF 63.990
Raiffeisen Switzerla 7.700 8/19/2022 CHF 69.640
Raiffeisen Switzerla 13.000 5/19/2022 CHF 63.130
BNP Paribas Emission 8.000 9/22/2022 EUR 61.730
Societe Generale Eff 4.000 7/22/2022 EUR 55.500
BNP Paribas Emission 6.000 6/23/2022 EUR 66.520
BNP Paribas Emission 6.000 9/22/2022 EUR 67.500
Bank Vontobel AG 20.004 08/10/2022 CHF 72.400
UBS AG/London 11.000 8/24/2022 CHF 45.900
Credit Suisse AG/Lon 7.250 5/18/2022 CHF 66.640
Credit Suisse AG/Lon 8.100 8/23/2022 CHF 62.860
Vontobel Financial P 14.250 6/24/2022 EUR 55.830
Vontobel Financial P 8.000 6/24/2022 EUR 65.870
Leonteq Securities A 10.000 2/13/2023 USD 75.800
Leonteq Securities A 16.00011/16/2022 CHF 64.610
Leonteq Securities A 12.00011/16/2022 CHF 48.700
Bank Vontobel AG 6.500 2/13/2023 CHF 69.900
Bank Vontobel AG 10.000 8/15/2022 CHF 68.400
Bank Vontobel AG 14.500 2/13/2023 EUR 62.000
Bank Julius Baer & C 19.600 5/16/2022 CHF 44.100
Societe Generale Eff 3.500 8/26/2022 EUR 58.240
Bank Vontobel AG 7.756 2/13/2023 CHF 74.700
Bank Vontobel AG 7.508 05/12/2022 CHF 69.700
Leonteq Securities A 9.000 8/26/2022 CHF 64.330
Zurcher Kantonalbank 21.500 8/23/2022 USD 51.600
Zurcher Kantonalbank 20.500 8/23/2022 CHF 61.930
Vontobel Financial P 10.50012/23/2022 EUR 71.450
Vontobel Financial P 8.50012/23/2022 EUR 72.870
Vontobel Financial P 11.00012/23/2022 EUR 62.280
Vontobel Financial P 5.50012/23/2022 EUR 72.320
Vontobel Financial P 7.00012/23/2022 EUR 65.250
Vontobel Financial P 11.00012/23/2022 EUR 74.890
Vontobel Financial P 8.50012/23/2022 EUR 66.010
Vontobel Financial P 4.50012/23/2022 EUR 60.360
Vontobel Financial P 5.50012/23/2022 EUR 69.170
Vontobel Financial P 7.00012/23/2022 EUR 70.300
Vontobel Financial P 13.00012/23/2022 EUR 74.830
Bank Julius Baer & C 9.90010/21/2022 USD 57.100
Vontobel Financial P 6.50012/23/2022 EUR 75.420
Vontobel Financial P 10.50012/23/2022 EUR 70.930
Vontobel Financial P 15.50012/23/2022 EUR 68.340
Vontobel Financial P 12.00012/23/2022 EUR 52.340
Vontobel Financial P 8.50012/23/2022 EUR 69.430
Vontobel Financial P 7.50012/23/2022 EUR 75.510
Vontobel Financial P 10.00012/23/2022 EUR 73.040
Vontobel Financial P 14.00012/23/2022 EUR 69.610
Vontobel Financial P 16.50012/23/2022 EUR 68.110
Vontobel Financial P 15.50012/23/2022 EUR 68.440
Leonteq Securities A 10.000 1/18/2023 USD 68.090
Leonteq Securities A 12.000 1/18/2023 CHF 66.340
Leonteq Securities A 8.000 4/19/2023 CHF 73.220
Raiffeisen Centroban 10.429 3/22/2023 EUR 67.010
Raiffeisen Centroban 11.819 3/22/2023 EUR 67.150
Raiffeisen Centroban 7.648 3/22/2023 EUR 64.330
Raiffeisen Centroban 9.038 3/22/2023 EUR 64.450
Raiffeisen Centroban 10.429 3/22/2023 EUR 64.660
Leonteq Securities A 11.00010/18/2022 CHF 46.620
Goldman Sachs & Co W 10.00011/23/2022 EUR 74.670
Leonteq Securities A 21.60010/18/2022 CHF 50.230
Leonteq Securities A 30.00010/18/2022 CHF 70.590
DZ Bank AG Deutsche 10.750 6/22/2022 EUR 67.490
DZ Bank AG Deutsche 10.750 9/21/2022 EUR 63.590
DZ Bank AG Deutsche 7.500 3/23/2022 EUR 73.690
DZ Bank AG Deutsche 4.250 6/22/2022 EUR 74.140
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 71.430
DZ Bank AG Deutsche 8.750 9/21/2022 EUR 73.210
DZ Bank AG Deutsche 9.250 3/23/2022 EUR 68.660
Raiffeisen Schweiz G 18.00010/19/2022 CHF 65.690
Raiffeisen Schweiz G 13.00010/18/2022 CHF 48.800
Raiffeisen Schweiz G 20.00010/19/2022 CHF 48.450
Leonteq Securities A 24.24010/19/2022 CHF 57.650
UniCredit Bank AG 9.25011/16/2022 EUR 50.630
UniCredit Bank AG 6.55011/16/2022 EUR 71.750
UniCredit Bank AG 6.80011/16/2022 EUR 62.960
UniCredit Bank AG 5.05011/16/2022 EUR 66.870
UniCredit Bank AG 7.55011/17/2022 EUR 61.720
Bank Julius Baer & C 10.400 1/24/2023 USD 67.350
Bank Julius Baer & C 10.200 5/30/2023 EUR 11.600
Vontobel Financial P 8.50012/23/2022 EUR 74.860
Vontobel Financial P 13.00012/23/2022 EUR 52.190
Vontobel Financial P 10.75012/23/2022 EUR 64.800
Vontobel Financial P 18.50012/23/2022 EUR 68.680
Vontobel Financial P 6.500 3/25/2022 EUR 53.520
Vontobel Financial P 5.500 3/25/2022 EUR 53.480
Vontobel Financial P 15.500 3/25/2022 EUR 64.320
Leonteq Securities A 27.000 11/04/2022 CHF 67.610
UBS AG/London 9.250 03/10/2023 CHF 64.750
UBS AG/London 10.750 09/12/2022 CHF 61.250
UBS AG/London 16.500 09/12/2022 CHF 65.950
Raiffeisen Switzerla 8.500 09/08/2022 CHF 60.860
Goldman Sachs & Co W 15.000 4/21/2022 EUR 73.040
Goldman Sachs & Co W 19.000 4/21/2022 EUR 68.120
Goldman Sachs & Co W 15.000 6/22/2022 EUR 72.050
Goldman Sachs & Co W 19.000 6/22/2022 EUR 68.090
Goldman Sachs & Co W 12.000 3/22/2023 EUR 72.030
Vontobel Financial P 17.750 3/25/2022 EUR 32.720
Goldman Sachs & Co W 8.000 4/21/2022 EUR 69.110
Goldman Sachs & Co W 10.000 4/21/2022 EUR 65.350
Goldman Sachs & Co W 13.00012/21/2022 EUR 70.040
Goldman Sachs & Co W 10.000 3/22/2023 EUR 75.330
Goldman Sachs & Co W 7.00012/21/2022 EUR 68.890
Goldman Sachs & Co W 8.00012/21/2022 EUR 69.920
Goldman Sachs & Co W 7.000 3/22/2023 EUR 70.350
Goldman Sachs & Co W 8.000 3/22/2023 EUR 71.530
Goldman Sachs & Co W 15.000 4/21/2022 EUR 68.100
Goldman Sachs & Co W 19.000 4/21/2022 EUR 62.780
Goldman Sachs & Co W 17.000 6/22/2022 EUR 64.700
Goldman Sachs & Co W 15.000 9/21/2022 EUR 67.920
Goldman Sachs & Co W 21.000 4/21/2022 EUR 65.920
Leonteq Securities A 8.000 3/15/2023 CHF 65.500
Zurcher Kantonalbank 8.500 06/10/2022 EUR 53.630
Landesbank Baden-Wue 9.750 3/25/2022 EUR 74.880
Corner Banca SA 11.000 9/15/2022 CHF 53.000
Zurcher Kantonalbank 19.000 3/24/2022 CHF 58.450
Zurcher Kantonalbank 10.500 3/24/2022 CHF 64.410
Zurcher Kantonalbank 15.000 3/24/2022 USD 49.220
Vontobel Financial P 10.00012/23/2022 EUR 54.520
Vontobel Financial P 17.00012/23/2022 EUR 48.910
Vontobel Financial P 6.00012/23/2022 EUR 56.300
Vontobel Financial P 9.00012/23/2022 EUR 53.980
Vontobel Financial P 6.00012/23/2022 EUR 64.020
Vontobel Financial P 10.00012/23/2022 EUR 74.800
Vontobel Financial P 11.00012/23/2022 EUR 72.480
Vontobel Financial P 15.50012/23/2022 EUR 72.430
Vontobel Financial P 12.50012/23/2022 EUR 74.280
Vontobel Financial P 8.50012/23/2022 EUR 74.780
Vontobel Financial P 9.00012/23/2022 EUR 73.700
Vontobel Financial P 10.50012/23/2022 EUR 72.050
Vontobel Financial P 11.50012/23/2022 EUR 71.470
Vontobel Financial P 13.00012/23/2022 EUR 70.060
Vontobel Financial P 14.50012/23/2022 EUR 68.820
Leonteq Securities A 9.300 8/24/2022 USD 54.120
BNP Paribas Emission 8.000 6/23/2022 EUR 63.290
BNP Paribas Emission 10.000 6/23/2022 EUR 60.450
BNP Paribas Emission 8.000 9/22/2022 EUR 64.960
UBS AG/London 10.250 8/24/2022 CHF 75.900
UBS AG/London 6.500 8/24/2022 CHF 30.700
EFG International Fi 15.000 8/24/2022 CHF 65.570
Vontobel Financial P 6.000 6/24/2022 EUR 72.400
Vontobel Financial P 6.250 6/24/2022 EUR 73.630
Vontobel Financial P 16.250 6/24/2022 EUR 69.370
Vontobel Financial P 20.000 6/24/2022 EUR 46.230
EFG International Fi 8.200 03/01/2023 USD 49.470
Corner Banca SA 10.000 2/13/2023 EUR 51.460
Corner Banca SA 13.000 8/16/2022 CHF 47.270
Leonteq Securities A 14.000 2/13/2023 CHF 59.220
Leonteq Securities A 13.00011/16/2022 USD 68.630
Bank Vontobel AG 10.000 8/15/2022 CHF 68.400
Bank Vontobel AG 9.500 2/13/2023 CHF 77.000
Bank Vontobel AG 7.500 2/13/2023 EUR 68.600
Bank Vontobel AG 6.507 8/17/2022 CHF 60.700
Bank Vontobel AG 6.505 2/27/2023 CHF 63.000
Leonteq Securities A 10.000 06/01/2022 CHF 54.490
Leonteq Securities A 20.000 8/16/2022 CHF 71.010
Leonteq Securities A 26.150 8/16/2022 CHF 43.400
Zurcher Kantonalbank 18.500 8/22/2022 USD 67.580
Zurcher Kantonalbank 17.500 8/22/2022 CHF 76.680
DZ Bank AG Deutsche 7.750 3/23/2022 EUR 65.520
Bank Julius Baer & C 5.750 8/17/2022 CHF 70.700
Zurcher Kantonalbank 12.900 8/17/2022 CHF
Vontobel Financial P 9.000 6/24/2022 EUR 72.920
Vontobel Financial P 14.500 6/24/2022 EUR 70.530
Vontobel Financial P 12.500 6/24/2022 EUR 72.680
Vontobel Financial P 9.500 9/23/2022 EUR 63.690
Luzerner Kantonalban 7.600 8/16/2022 CHF 71.530
Zurcher Kantonalbank 15.000 8/25/2022 EUR 55.750
Zurcher Kantonalbank 11.750 8/25/2022 CHF 76.650
Leonteq Securities A 22.160 8/17/2022 CHF 39.320
UniCredit Bank AG 6.450 9/14/2022 EUR 77.900
UniCredit Bank AG 11.600 9/14/2022 EUR 72.980
UniCredit Bank AG 7.450 9/14/2022 EUR 65.620
UniCredit Bank AG 5.800 9/14/2022 EUR 62.020
UniCredit Bank AG 9.950 9/14/2022 EUR 62.700
Raiffeisen Schweiz G 11.000 2/13/2023 CHF 70.680
Raiffeisen Schweiz G 15.00011/16/2022 CHF 42.220
Raiffeisen Schweiz G 10.000 2/13/2023 CHF 67.740
Bank Vontobel AG 8.251 2/13/2023 CHF 73.100
EFG International Fi 10.000 2/20/2023 CHF 67.370
Zurcher Kantonalbank 11.250 8/26/2022 USD 62.460
Zurcher Kantonalbank 15.000 8/24/2022 CHF 46.560
Bank Julius Baer & C 10.500 8/19/2022 CHF 70.000
Vontobel Financial P 6.500 9/23/2022 EUR 75.000
Vontobel Financial P 10.500 9/23/2022 EUR 71.320
Vontobel Financial P 8.500 9/23/2022 EUR 73.070
Vontobel Financial P 12.500 6/24/2022 EUR 69.450
Vontobel Financial P 10.000 6/24/2022 EUR 71.670
Vontobel Financial P 14.500 6/24/2022 EUR 58.740
Vontobel Financial P 13.000 6/24/2022 EUR 59.540
Vontobel Financial P 15.500 6/24/2022 EUR 57.850
Vontobel Financial P 11.000 6/24/2022 EUR 61.560
Bank Julius Baer & C 8.550 8/19/2022 USD 63.250
Bank Julius Baer & C 8.450 8/19/2022 USD 59.400
Bank Julius Baer & C 8.000 8/19/2022 USD 69.800
Bank Julius Baer & C 8.250 8/19/2022 EUR 73.250
EFG International Fi 10.300 8/23/2024 USD 76.730
Leonteq Securities A 27.170 8/19/2022 EUR 46.800
Leonteq Securities A 12.60011/23/2022 CHF 66.280
Vontobel Financial P 9.500 9/23/2022 EUR 68.620
Vontobel Financial P 9.500 6/24/2022 EUR 70.690
Vontobel Financial P 12.500 9/23/2022 EUR 65.160
Vontobel Financial P 16.500 9/23/2022 EUR 62.870
Vontobel Financial P 8.500 6/24/2022 EUR 69.120
Vontobel Financial P 17.500 6/24/2022 EUR 61.190
Vontobel Financial P 13.000 6/24/2022 EUR 64.750
Vontobel Financial P 12.500 6/24/2022 EUR 72.240
Vontobel Financial P 17.000 6/24/2022 EUR 69.000
Vontobel Financial P 11.000 6/24/2022 EUR 73.440
Vontobel Financial P 15.500 6/24/2022 EUR 70.020
Vontobel Financial P 14.000 6/24/2022 EUR 71.100
Vontobel Financial P 18.000 6/24/2022 EUR 67.900
Vontobel Financial P 12.000 9/23/2022 EUR 70.510
Vontobel Financial P 10.000 6/24/2022 EUR 72.470
Vontobel Financial P 13.500 6/24/2022 EUR 69.070
Vontobel Financial P 17.000 6/24/2022 EUR 66.130
Vontobel Financial P 8.000 6/24/2022 EUR 71.190
Vontobel Financial P 9.500 6/24/2022 EUR 69.420
Vontobel Financial P 11.500 6/24/2022 EUR 67.900
Vontobel Financial P 13.000 6/24/2022 EUR 66.370
Vontobel Financial P 15.000 6/24/2022 EUR 65.080
Vontobel Financial P 7.000 9/23/2022 EUR 72.580
Vontobel Financial P 8.500 9/23/2022 EUR 71.220
Vontobel Financial P 6.000 9/23/2022 EUR 74.320
Vontobel Financial P 9.500 9/23/2022 EUR 69.710
Vontobel Financial P 11.000 9/23/2022 EUR 68.570
Vontobel Financial P 13.500 9/23/2022 EUR 66.340
Vontobel Financial P 12.000 9/23/2022 EUR 67.280
Vontobel Financial P 15.000 9/23/2022 EUR 65.480
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 73.260
UBS AG/London 14.000 11/10/2022 CHF 71.800
Vontobel Financial P 14.00012/23/2022 EUR 64.640
Vontobel Financial P 7.50012/23/2022 EUR 68.700
Vontobel Financial P 11.00012/23/2022 EUR 71.350
Raiffeisen Schweiz G 10.000 05/01/2023 USD 66.700
Bank Vontobel AG 7.000 3/31/2023 CHF 74.700
Banque International 10.000 05/04/2023 CHF 77.460
Leonteq Securities A 22.800 11/02/2022 CHF 69.730
Leonteq Securities A 23.400 11/02/2022 CHF 57.640
Banque International 18.000 11/02/2022 EUR 59.350
DZ Bank AG Deutsche 24.900 9/23/2022 EUR 70.570
DZ Bank AG Deutsche 17.000 6/24/2022 EUR 70.510
DZ Bank AG Deutsche 13.300 9/23/2022 EUR 72.080
DZ Bank AG Deutsche 15.700 9/23/2022 EUR 71.480
DZ Bank AG Deutsche 15.800 9/23/2022 EUR 36.510
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 73.600
DZ Bank AG Deutsche 13.000 6/24/2022 EUR 71.900
EFG International Fi 12.000 11/03/2022 CHF 77.760
EFG International Fi 15.000 11/03/2022 CHF 77.990
Vontobel Financial P 9.25012/23/2022 EUR 57.120
UBS AG/London 7.250 05/03/2023 EUR 72.950
UBS AG/London 7.250 11/03/2023 CHF 77.000
Vontobel Financial P 13.950 05/05/2022 CHF 42.130
Corner Banca SA 20.00011/15/2022 CHF 60.210
Leonteq Securities A 9.000 05/12/2023 CHF 57.820
Landesbank Baden-Wue 11.50011/25/2022 EUR 76.290
Societe Generale Eff 7.500 5/27/2022 EUR 63.620
Landesbank Baden-Wue 4.15011/25/2022 EUR 63.610
Landesbank Baden-Wue 8.30011/25/2022 EUR 53.460
Bank Vontobel AG 14.250 11/07/2022 CHF 37.200
Bank Vontobel AG 13.750 05/08/2023 CHF 58.400
Bank Vontobel AG 14.00011/14/2022 CHF 51.000
Bank Vontobel AG 9.000 05/12/2023 CHF 76.900
Bank Vontobel AG 14.000 05/12/2023 CHF 71.800
Bank Vontobel AG 18.75011/14/2022 CHF 55.700
Bank Vontobel AG 8.750 05/12/2023 CHF 66.500
Vontobel Financial P 10.500 9/23/2022 EUR 71.790
Vontobel Financial P 5.00012/23/2022 EUR 55.660
Vontobel Financial P 8.000 9/23/2022 EUR 72.260
Vontobel Financial P 8.00012/23/2022 EUR 70.420
Vontobel Financial P 11.50012/23/2022 EUR 73.960
Vontobel Financial P 12.000 9/23/2022 EUR 72.310
Vontobel Financial P 13.00012/23/2022 EUR 68.390
Vontobel Financial P 5.000 9/23/2022 EUR 69.130
Vontobel Financial P 14.00012/23/2022 EUR 75.680
Vontobel Financial P 14.000 9/23/2022 EUR 76.460
Vontobel Financial P 16.00012/23/2022 EUR 74.230
Vontobel Financial P 8.00012/23/2022 EUR 75.420
Vontobel Financial P 12.00012/23/2022 EUR 71.110
Vontobel Financial P 15.00012/23/2022 EUR 68.650
Vontobel Financial P 12.500 9/23/2022 EUR 69.920
Vontobel Financial P 15.500 9/23/2022 EUR 67.970
Vontobel Financial P 14.000 9/23/2022 EUR 68.900
Vontobel Financial P 6.00012/23/2022 EUR 71.360
Vontobel Financial P 10.00012/23/2022 EUR 66.590
Vontobel Financial P 9.500 9/23/2022 EUR 66.260
Vontobel Financial P 8.00012/23/2022 EUR 68.790
Vontobel Financial P 15.00012/23/2022 EUR 63.270
Vontobel Financial P 10.500 9/23/2022 EUR 64.870
Vontobel Financial P 17.000 9/23/2022 EUR 61.580
Vontobel Financial P 12.000 9/23/2022 EUR 63.860
Vontobel Financial P 15.000 9/23/2022 EUR 62.080
Vontobel Financial P 10.000 9/23/2022 EUR 71.760
Vontobel Financial P 12.00012/23/2022 EUR 73.410
Vontobel Financial P 13.00012/23/2022 EUR 74.180
Vontobel Financial P 13.50012/23/2022 EUR 74.600
Vontobel Financial P 12.500 9/23/2022 EUR 71.970
Vontobel Financial P 15.000 9/23/2022 EUR 73.310
Vontobel Financial P 17.000 9/23/2022 EUR 74.370
Vontobel Financial P 10.50012/23/2022 EUR 69.860
Vontobel Financial P 12.00012/23/2022 EUR 71.040
Vontobel Financial P 10.500 9/23/2022 EUR 67.580
Vontobel Financial P 8.50012/23/2022 EUR 70.080
Vontobel Financial P 12.000 9/23/2022 EUR 68.300
Vontobel Financial P 10.00012/23/2022 EUR 68.670
Vontobel Financial P 8.500 9/23/2022 EUR 65.800
Vontobel Financial P 10.000 9/23/2022 EUR 66.580
Vontobel Financial P 10.50012/23/2022 EUR 72.850
Vontobel Financial P 7.500 9/23/2022 EUR 69.310
Vontobel Financial P 10.500 9/23/2022 EUR 70.920
Vontobel Financial P 9.000 9/23/2022 EUR 70.120
Vontobel Financial P 11.50012/23/2022 EUR 73.530
Vontobel Financial P 9.500 9/23/2022 EUR 70.060
Vontobel Financial P 10.500 9/23/2022 EUR 70.600
Vontobel Financial P 8.000 9/23/2022 EUR 69.270
Vontobel Financial P 11.500 9/23/2022 EUR 71.130
Vontobel Financial P 12.000 9/23/2022 EUR 71.400
Vontobel Financial P 13.000 9/23/2022 EUR 71.940
DZ Bank AG Deutsche 10.500 5/25/2022 EUR 43.190
DZ Bank AG Deutsche 7.75012/21/2022 EUR 63.720
Societe Generale Eff 13.000 7/22/2022 EUR 66.320
Societe Generale Eff 12.250 8/26/2022 EUR 67.040
DZ Bank AG Deutsche 6.000 9/21/2022 EUR 61.210
Bank Vontobel AG 11.000 10/03/2022 EUR 62.900
Bank Vontobel AG 9.500 3/31/2023 EUR 72.900
Bank Vontobel AG 16.500 01/03/2023 EUR 51.900
Bank Vontobel AG 8.500 11/03/2023 CHF 54.000
Bank Vontobel AG 14.250 11/07/2022 CHF 51.100
Bank Vontobel AG 8.000 02/06/2023 EUR 73.600
Leonteq Securities A 15.000 11/08/2022 CHF 50.820
Leonteq Securities A 17.000 02/08/2023 CHF 74.750
Leonteq Securities A 14.000 02/08/2023 USD 58.260
Vontobel Financial P 27.900 05/09/2022 EUR 42.940
Erste Group Bank AG 6.500 12/01/2026 EUR 69.850
Erste Group Bank AG 7.000 12/01/2022 EUR 84.100
Leonteq Securities A 21.600 11/08/2022 CHF 60.890
DZ Bank AG Deutsche 11.500 9/21/2022 EUR 63.960
DZ Bank AG Deutsche 6.50012/21/2022 EUR 72.640
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 66.680
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 65.000
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 66.230
DZ Bank AG Deutsche 4.75012/19/2022 EUR 72.700
DZ Bank AG Deutsche 4.750 3/20/2023 EUR 73.480
DZ Bank AG Deutsche 4.75012/19/2022 EUR 70.920
DZ Bank AG Deutsche 6.25012/19/2022 EUR 72.430
DZ Bank AG Deutsche 6.250 3/20/2023 EUR 68.160
DZ Bank AG Deutsche 4.750 3/20/2023 EUR 74.170
Banque International 11.000 11/09/2022 CHF 50.340
Leonteq Securities A 21.600 11/09/2022 CHF 42.620
Leonteq Securities A 25.200 11/09/2022 CHF 66.650
UniCredit Bank AG 8.15011/30/2022 EUR 58.340
DZ Bank AG Deutsche 20.400 9/23/2022 EUR 72.290
DZ Bank AG Deutsche 14.70012/23/2022 EUR 41.000
DZ Bank AG Deutsche 15.60012/23/2022 EUR 75.890
DZ Bank AG Deutsche 15.100 9/23/2022 EUR 68.870
DZ Bank AG Deutsche 12.50012/23/2022 EUR 70.360
DZ Bank AG Deutsche 14.50012/23/2022 EUR 76.280
DZ Bank AG Deutsche 15.20012/23/2022 EUR 75.750
DZ Bank AG Deutsche 15.90012/23/2022 EUR 75.350
DZ Bank AG Deutsche 16.60012/23/2022 EUR 74.940
DZ Bank AG Deutsche 17.30012/23/2022 EUR 74.510
DZ Bank AG Deutsche 6.60012/23/2022 EUR 75.310
DZ Bank AG Deutsche 11.20012/23/2022 EUR 70.310
DZ Bank AG Deutsche 16.000 9/23/2022 EUR 67.280
Vontobel Financial P 9.50012/23/2022 EUR 46.570
Zurcher Kantonalbank 20.500 11/04/2022 CHF 74.410
Vontobel Financial P 14.00012/23/2022 EUR 69.400
Vontobel Financial P 16.00012/23/2022 EUR 67.970
Vontobel Financial P 7.500 9/23/2022 EUR 75.390
Vontobel Financial P 10.000 9/23/2022 EUR 72.480
Vontobel Financial P 6.500 9/23/2022 EUR 77.090
Vontobel Financial P 11.000 9/23/2022 EUR 71.030
Vontobel Financial P 8.500 9/23/2022 EUR 73.760
Vontobel Financial P 17.00012/23/2022 EUR 67.350
Vontobel Financial P 18.500 9/23/2022 EUR 66.350
Vontobel Financial P 17.000 9/23/2022 EUR 67.130
Vontobel Financial P 11.50012/23/2022 EUR 65.180
Vontobel Financial P 6.000 9/23/2022 EUR 70.820
Vontobel Financial P 13.00012/23/2022 EUR 64.700
Vontobel Financial P 14.00012/23/2022 EUR 63.950
Vontobel Financial P 13.500 9/23/2022 EUR 62.920
Vontobel Financial P 7.000 9/23/2022 EUR 69.100
Vontobel Financial P 8.000 9/23/2022 EUR 67.500
Vontobel Financial P 16.50012/23/2022 EUR 63.040
Vontobel Financial P 20.000 9/23/2022 EUR 65.660
Vontobel Financial P 13.500 9/23/2022 EUR 72.510
Vontobel Financial P 16.000 9/23/2022 EUR 73.830
Vontobel Financial P 13.000 9/23/2022 EUR 68.930
Vontobel Financial P 9.500 9/23/2022 EUR 68.910
Vontobel Financial P 12.50012/23/2022 EUR 71.190
Vontobel Financial P 10.500 9/23/2022 EUR 67.560
Vontobel Financial P 13.500 9/23/2022 EUR 69.100
Vontobel Financial P 12.000 9/23/2022 EUR 67.660
Vontobel Financial P 8.00012/23/2022 EUR 70.880
Vontobel Financial P 11.50012/23/2022 EUR 73.640
Vontobel Financial P 7.000 9/23/2022 EUR 69.040
Vontobel Financial P 8.500 9/23/2022 EUR 69.850
Vontobel Financial P 10.000 9/23/2022 EUR 70.660
Vontobel Financial P 12.500 9/23/2022 EUR 72.000
Vontobel Financial P 9.00012/23/2022 EUR 71.560
Vontobel Financial P 10.00012/23/2022 EUR 72.350
Vontobel Financial P 11.500 9/23/2022 EUR 71.460
Vontobel Financial P 9.000 9/23/2022 EUR 69.790
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 74.470
DZ Bank AG Deutsche 8.250 9/21/2022 EUR 71.510
DZ Bank AG Deutsche 8.25012/21/2022 EUR 72.960
DZ Bank AG Deutsche 13.000 6/22/2022 EUR 72.080
DZ Bank AG Deutsche 7.500 6/22/2022 EUR 69.610
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 70.830
DZ Bank AG Deutsche 7.25012/21/2022 EUR 71.880
DZ Bank AG Deutsche 6.00012/21/2022 EUR 62.410
Societe Generale Eff 15.000 5/27/2022 EUR 64.610
DZ Bank AG Deutsche 15.750 5/25/2022 EUR 71.160
Landesbank Baden-Wue 3.000 4/25/2022 EUR 64.250
EFG International Fi 16.000 11/10/2022 USD 73.470
Vontobel Financial P 8.50012/23/2022 EUR 67.870
Vontobel Financial P 12.50012/23/2022 EUR 65.410
Bank Vontobel AG 9.000 2/21/2023 CHF 71.500
Bank Vontobel AG 12.25011/28/2022 CHF 63.900
Bank Vontobel AG 7.000 5/26/2023 EUR 72.600
Leonteq Securities A 2.380 11/10/2022 EUR 59.200
Societe Generale Eff 14.250 6/24/2022 EUR 69.560
Bank Vontobel AG 12.000 05/09/2023 EUR 67.800
Zurcher Kantonalbank 13.550 11/04/2022 CHF 70.980
Raiffeisen Switzerla 19.000 12/06/2022 CHF 58.240
Leonteq Securities A 15.00011/15/2022 CHF 72.410
Leonteq Securities A 18.00011/15/2022 CHF 61.400
Leonteq Securities A 14.000 2/15/2023 CHF 53.860
Corner Banca SA 10.000 5/15/2023 USD 68.590
Vontobel Financial P 27.900 6/24/2022 EUR 71.140
Landesbank Baden-Wue 2.70011/25/2022 EUR 74.030
Landesbank Baden-Wue 3.75011/25/2022 EUR 76.730
Landesbank Baden-Wue 5.85011/25/2022 EUR 73.560
Vontobel Financial P 9.50012/23/2022 EUR 73.350
Vontobel Financial P 8.500 9/23/2022 EUR 70.690
Vontobel Financial P 11.50012/23/2022 EUR 74.900
Vontobel Financial P 13.000 9/23/2022 EUR 73.060
Vontobel Financial P 15.500 9/23/2022 EUR 74.400
Vontobel Financial P 6.500 9/23/2022 EUR 69.590
Vontobel Financial P 7.50012/23/2022 EUR 73.510
Vontobel Financial P 11.50012/23/2022 EUR 73.060
Vontobel Financial P 7.00012/23/2022 EUR 55.880
Vontobel Financial P 7.50012/23/2022 EUR 69.250
Vontobel Financial P 10.500 9/23/2022 EUR 64.170
Vontobel Financial P 12.000 9/23/2022 EUR 64.980
Vontobel Financial P 10.50012/23/2022 EUR 66.410
Vontobel Financial P 14.000 9/23/2022 EUR 66.050
Vontobel Financial P 8.000 9/23/2022 EUR 70.380
Vontobel Financial P 16.500 9/23/2022 EUR 74.330
Vontobel Financial P 19.000 9/23/2022 EUR 72.380
Vontobel Financial P 18.00012/23/2022 EUR 72.930
Vontobel Financial P 6.00012/23/2022 EUR 77.950
Vontobel Financial P 9.50012/23/2022 EUR 72.740
Leonteq Securities A 13.000 11/08/2022 CHF 58.810
DZ Bank AG Deutsche 8.50012/21/2022 EUR 70.150
DZ Bank AG Deutsche 8.50012/21/2022 EUR 74.090
Zurcher Kantonalbank 7.750 11/03/2022 CHF 72.940
Credit Suisse AG/Lon 10.50010/26/2022 CHF 42.540
Credit Suisse AG/Lon 7.00010/31/2022 CHF 75.180
Credit Suisse AG/Lon 14.000 11/02/2022 CHF 53.470
Credit Suisse AG/Lon 15.000 11/02/2022 USD 53.120
Credit Suisse AG/Lon 9.000 11/03/2022 CHF 49.500
DZ Bank AG Deutsche 10.75012/21/2022 EUR 65.970
AKB Peresvet ZAO 0.510 2/14/2032 RUB 13.000
DZ Bank AG Deutsche 15.400 9/23/2022 EUR 42.020
Leonteq Securities A 16.000 6/21/2022 USD 40.870
Basler Kantonalbank 10.000 2/13/2023 CHF 67.700
BNP Paribas Emission 6.000 6/23/2022 EUR 73.080
BNP Paribas Emission 14.000 6/23/2022 EUR 64.890
BNP Paribas Emission 6.000 9/22/2022 EUR 74.500
BNP Paribas Emission 12.000 9/22/2022 EUR 67.490
BNP Paribas Emission 10.00012/22/2022 EUR 68.930
BNP Paribas Emission 8.000 6/23/2022 EUR 72.870
BNP Paribas Emission 8.000 9/22/2022 EUR 74.530
BNP Paribas Emission 14.000 6/23/2022 EUR 65.660
BNP Paribas Emission 14.000 6/23/2022 EUR 68.690
BNP Paribas Emission 14.000 6/23/2022 EUR 67.930
BNP Paribas Emission 8.00012/22/2022 EUR 75.630
BNP Paribas Emission 12.000 9/22/2022 EUR 65.580
BNP Paribas Emission 10.000 9/22/2022 EUR 73.490
BNP Paribas Emission 12.000 9/22/2022 EUR 70.510
BNP Paribas Emission 8.000 6/23/2022 EUR 42.950
BNP Paribas Emission 10.000 6/23/2022 EUR 40.060
BNP Paribas Emission 12.000 6/23/2022 EUR 37.690
BNP Paribas Emission 8.000 9/22/2022 EUR 44.910
BNP Paribas Emission 10.000 9/22/2022 EUR 42.580
BNP Paribas Emission 12.000 9/22/2022 EUR 40.740
BNP Paribas Emission 14.000 9/22/2022 EUR 39.300
BNP Paribas Emission 8.00012/22/2022 EUR 43.450
BNP Paribas Emission 10.00012/22/2022 EUR 42.160
BNP Paribas Emission 12.00012/22/2022 EUR 41.240
BNP Paribas Emission 10.000 6/23/2022 EUR 67.400
Bank Julius Baer & C 9.600 08/12/2022 USD 48.900
Leonteq Securities A 26.380 08/12/2022 CHF 58.060
Leonteq Securities A 17.140 08/12/2022 CHF 71.250
Leonteq Securities A 18.480 08/12/2022 CHF 71.340
Landesbank Baden-Wue 6.750 8/26/2022 EUR 44.260
Landesbank Baden-Wue 6.250 8/26/2022 EUR 76.550
Landesbank Baden-Wue 8.700 8/26/2022 EUR 71.310
Landesbank Baden-Wue 10.100 8/26/2022 EUR 67.480
Landesbank Baden-Wue 3.600 8/26/2022 EUR 77.480
Landesbank Baden-Wue 5.000 8/26/2022 EUR 72.230
Landesbank Baden-Wue 4.800 8/26/2022 EUR 47.180
Landesbank Baden-Wue 3.000 8/26/2022 EUR 74.990
Landesbank Baden-Wue 5.000 8/26/2022 EUR 71.070
BNP Paribas Emission 14.000 6/23/2022 EUR 69.880
BNP Paribas Emission 12.000 9/22/2022 EUR 72.500
BNP Paribas Emission 10.00012/22/2022 EUR 73.660
BNP Paribas Emission 10.000 6/23/2022 EUR 73.610
BNP Paribas Emission 10.000 9/22/2022 EUR 75.900
BNP Paribas Emission 6.00012/22/2022 EUR 68.200
BNP Paribas Emission 6.00012/22/2022 EUR 64.840
BNP Paribas Emission 8.00012/22/2022 EUR 63.260
Bank Julius Baer & C 9.400 09/12/2022 EUR 71.050
Bank Julius Baer & C 6.900 6/13/2022 EUR 72.700
Bank Julius Baer & C 9.150 6/13/2022 USD 72.600
Leonteq Securities A 10.00012/14/2022 CHF 72.410
Leonteq Securities A 24.870 6/14/2022 CHF 23.320
Zurcher Kantonalbank 24.000 6/17/2022 CHF 60.550
Societe Generale Eff 7.500 5/27/2022 EUR 65.440
Societe Generale Eff 9.500 5/27/2022 EUR 61.790
Societe Generale Eff 7.000 6/24/2022 EUR 72.800
Societe Generale Eff 8.000 6/24/2022 EUR 70.700
Societe Generale Eff 9.000 6/24/2022 EUR 68.870
DekaBank Deutsche Gi 3.400 7/19/2024 EUR 73.360
UniCredit Bank AG 3.000 11/12/2022 EUR 67.030
DZ Bank AG Deutsche 9.200 7/22/2022 EUR 73.740
Bank Vontobel AG 7.25511/21/2022 CHF 70.000
Zurcher Kantonalbank 8.500 08/11/2022 CHF 72.620
Sberbank of Russia P 0.010 08/03/2028 RUB 75.000
DZ Bank AG Deutsche 17.200 6/24/2022 EUR 49.910
DZ Bank AG Deutsche 19.700 6/24/2022 EUR 75.020
DZ Bank AG Deutsche 11.300 6/24/2022 EUR 73.550
DZ Bank AG Deutsche 9.300 6/24/2022 EUR 74.260
DZ Bank AG Deutsche 16.200 6/24/2022 EUR 64.050
DZ Bank AG Deutsche 14.800 6/24/2022 EUR 79.230
UBS AG/London 10.250 5/30/2023 CHF 59.800
UBS AG/London 8.500 5/27/2022 CHF 66.900
Bank Julius Baer & C 8.400 08/08/2022 EUR 74.000
UniCredit Bank AG 3.600 09/02/2024 EUR 53.940
Leonteq Securities A 22.810 08/09/2022 CHF 44.440
Vontobel Financial P 6.250 6/24/2022 EUR 74.400
Vontobel Financial P 18.500 6/24/2022 EUR 52.980
Vontobel Financial P 16.500 6/24/2022 EUR 73.140
Credit Suisse AG/Lon 10.000 5/30/2022 CHF 44.560
Leonteq Securities A 10.000 02/06/2023 CHF 43.920
Leonteq Securities A 11.000 08/09/2022 CHF 74.740
Leonteq Securities A 11.200 02/06/2023 CHF 52.260
Zurcher Kantonalbank 12.300 06/07/2022 CHF 73.760
Leonteq Securities A 13.000 02/06/2023 USD 69.350
Leonteq Securities A 16.000 08/09/2022 EUR 64.520
EFG International Fi 4.800 08/05/2022 USD 47.510
Leonteq Securities A 10.000 02/06/2023 CHF 68.000
Vontobel Financial P 21.000 6/24/2022 EUR 46.820
Vontobel Financial P 13.500 6/24/2022 EUR 73.690
Vontobel Financial P 12.500 9/23/2022 EUR 73.650
Vontobel Financial P 10.500 6/24/2022 EUR 70.140
Vontobel Financial P 12.500 6/24/2022 EUR 70.710
Vontobel Financial P 12.500 6/24/2022 EUR 73.730
Vontobel Financial P 15.500 6/24/2022 EUR 74.600
Vontobel Financial P 16.500 6/24/2022 EUR 73.660
Societe Generale Eff 13.25010/28/2022 EUR 50.550
Zurcher Kantonalbank 18.500 09/09/2022 CHF 52.210
Zurcher Kantonalbank 18.000 9/13/2022 CHF 49.270
Leonteq Securities A 26.200 09/07/2022 CHF 50.890
Leonteq Securities A 24.800 09/07/2022 CHF 58.850
Leonteq Securities A 8.500 12/07/2022 EUR 66.770
DZ Bank AG Deutsche 6.500 9/19/2022 EUR 74.630
DZ Bank AG Deutsche 5.90012/19/2022 EUR 75.190
DZ Bank AG Deutsche 15.50012/21/2022 EUR 64.420
DZ Bank AG Deutsche 9.750 9/21/2022 EUR 46.940
DZ Bank AG Deutsche 14.500 9/21/2022 EUR 43.940
DZ Bank AG Deutsche 6.250 9/19/2022 EUR 71.410
DZ Bank AG Deutsche 5.000 9/19/2022 EUR 74.120
DZ Bank AG Deutsche 9.750 3/23/2022 EUR 73.750
DZ Bank AG Deutsche 14.000 3/23/2022 EUR 73.820
DZ Bank AG Deutsche 6.250 9/21/2022 EUR 67.080
DZ Bank AG Deutsche 5.25012/19/2022 EUR 72.520
DZ Bank AG Deutsche 9.250 9/19/2022 EUR 67.420
DZ Bank AG Deutsche 8.750 9/19/2022 EUR 72.610
Goldman Sachs & Co W 22.000 3/23/2022 EUR 69.170
Goldman Sachs & Co W 16.000 3/23/2022 EUR 74.740
Goldman Sachs & Co W 21.000 3/23/2022 EUR 71.820
Goldman Sachs & Co W 23.000 4/21/2022 EUR 63.560
Goldman Sachs & Co W 15.000 5/25/2022 EUR 69.240
Goldman Sachs & Co W 18.000 5/25/2022 EUR 66.750
Goldman Sachs & Co W 22.000 5/25/2022 EUR 64.700
Goldman Sachs & Co W 23.000 6/22/2022 EUR 64.100
Goldman Sachs & Co W 13.000 7/20/2022 EUR 70.850
Goldman Sachs & Co W 19.000 7/20/2022 EUR 67.070
Goldman Sachs & Co W 22.000 7/20/2022 EUR 65.540
Goldman Sachs & Co W 10.000 8/24/2022 EUR 74.050
Goldman Sachs & Co W 15.000 8/24/2022 EUR 69.930
Goldman Sachs & Co W 20.000 8/24/2022 EUR 66.790
Goldman Sachs & Co W 19.000 9/21/2022 EUR 67.810
Goldman Sachs & Co W 16.00012/21/2022 EUR 70.210
Goldman Sachs & Co W 10.000 6/21/2023 EUR 74.430
Goldman Sachs & Co W 12.000 6/21/2023 EUR 71.990
UniCredit Bank AG 11.450 9/28/2022 EUR 74.480
UniCredit Bank AG 6.650 9/28/2022 EUR 72.640
Leonteq Securities A 12.000 09/07/2022 EUR 59.080
Raiffeisen Schweiz G 13.000 09/06/2022 CHF 43.470
Raiffeisen Schweiz G 12.500 09/06/2022 CHF 74.840
Raiffeisen Schweiz G 17.000 09/07/2022 USD 49.600
Raiffeisen Schweiz G 8.500 03/03/2023 USD 74.410
Raiffeisen Schweiz G 18.000 06/03/2022 CHF 50.530
Leonteq Securities A 25.000 09/07/2022 CHF 46.510
UniCredit Bank AG 4.650 9/28/2022 EUR 76.240
DZ Bank AG Deutsche 19.500 9/23/2022 EUR 55.750
DZ Bank AG Deutsche 21.300 9/23/2022 EUR 54.260
DZ Bank AG Deutsche 23.200 9/23/2022 EUR 53.050
DZ Bank AG Deutsche 22.000 6/24/2022 EUR 57.430
DZ Bank AG Deutsche 24.100 9/23/2022 EUR 56.720
DZ Bank AG Deutsche 10.800 6/24/2022 EUR 63.440
DZ Bank AG Deutsche 10.200 9/23/2022 EUR 65.350
DZ Bank AG Deutsche 17.600 9/23/2022 EUR 67.410
DZ Bank AG Deutsche 19.900 9/23/2022 EUR 65.080
Leonteq Securities A 10.00010/26/2022 CHF 63.060
Leonteq Securities A 8.400 1/26/2023 CHF 74.100
Vontobel Financial P 10.500 9/23/2022 EUR 57.220
Vontobel Financial P 7.000 6/24/2022 EUR 71.270
Vontobel Financial P 4.000 9/23/2022 EUR 78.080
Vontobel Financial P 7.000 6/24/2022 EUR 64.230
Vontobel Financial P 9.500 6/24/2022 EUR 64.950
Zurcher Kantonalbank 12.500 08/03/2022 CHF 63.200
Vontobel Financial P 5.000 6/24/2022 EUR 66.480
Vontobel Financial P 11.500 9/23/2022 EUR 67.410
Vontobel Financial P 7.000 6/24/2022 EUR 67.010
Zurcher Kantonalbank 27.500 08/02/2022 CHF 66.980
Societe Generale Eff 7.750 8/26/2022 EUR 75.670
Societe Generale Eff 11.250 7/22/2022 EUR 68.790
DZ Bank AG Deutsche 6.200 6/20/2022 EUR 74.690
DZ Bank AG Deutsche 5.300 6/20/2022 EUR 76.000
DZ Bank AG Deutsche 6.500 9/19/2022 EUR 74.490
Corner Banca SA 8.200 7/26/2023 CHF 72.090
Leonteq Securities A 20.000 7/26/2022 CHF 73.300
Leonteq Securities A 10.00010/26/2022 CHF 49.280
Leonteq Securities A 12.000 1/26/2023 CHF 52.490
DZ Bank AG Deutsche 9.250 6/20/2022 EUR 71.330
DZ Bank AG Deutsche 9.500 9/19/2022 EUR 73.140
Raiffeisen Schweiz G 12.500 7/26/2022 CHF 48.440
Raiffeisen Schweiz G 14.000 7/26/2022 CHF 66.620
Bank Julius Baer & C 6.40010/27/2022 CHF 74.400
Zurcher Kantonalbank 14.000 08/02/2022 CHF 60.870
Landesbank Baden-Wue 3.000 1/27/2023 EUR 77.470
Landesbank Baden-Wue 3.300 1/27/2023 EUR 61.740
Landesbank Baden-Wue 7.200 1/27/2023 EUR 55.330
Landesbank Baden-Wue 5.400 1/27/2023 EUR 70.030
Landesbank Baden-Wue 5.400 1/27/2023 EUR 48.650
Landesbank Baden-Wue 7.250 1/27/2023 EUR 46.540
Bank Vontobel AG 9.000 06/05/2023 CHF 76.700
Bank Vontobel AG 15.000 12/05/2022 CHF 57.700
Credit Suisse AG/Lon 7.020 12/05/2024 USD 9.530
Raiffeisen Schweiz G 7.700 11/08/2023 CHF 74.590
Leonteq Securities A 11.210 06/06/2023 CHF 52.480
Corner Banca SA 12.600 12/06/2022 CHF 58.100
Leonteq Securities A 9.200 12/06/2022 CHF 74.650
Leonteq Securities A 17.100 12/06/2022 CHF 46.080
Leonteq Securities A 14.800 12/06/2022 CHF 49.920
Leonteq Securities A 19.000 12/06/2022 CHF 63.770
Leonteq Securities A 15.800 12/06/2022 USD 49.990
Leonteq Securities A 8.000 12/06/2022 CHF 66.580
Leonteq Securities A 12.000 12/06/2022 CHF 51.830
Bank Vontobel AG 11.500 06/05/2023 CHF 50.200
Bank Vontobel AG 9.000 12/04/2023 EUR 75.100
Bank Vontobel AG 7.000 06/05/2023 CHF 68.900
Bank Julius Baer & C 10.000 9/26/2022 CHF 66.400
Leonteq Securities A 21.600 12/06/2022 CHF 52.870
Leonteq Securities A 22.800 12/06/2022 CHF 57.080
Raiffeisen Switzerla 17.500 11/08/2022 USD 58.550
Bank Julius Baer & C 7.900 2/13/2023 EUR 75.050
Vontobel Financial P 14.00012/23/2022 EUR 74.490
Vontobel Financial P 15.00012/23/2022 EUR 74.320
Vontobel Financial P 12.50012/23/2022 EUR 75.280
Credit Suisse AG/Lon 15.00011/29/2022 USD 56.840
Bank Vontobel AG 10.500 5/26/2023 CHF 75.200
Leonteq Securities A 26.40011/15/2022 USD 60.740
Leonteq Securities A 18.000 3/22/2022 USD 30.630
DZ Bank AG Deutsche 6.000 3/21/2022 EUR 69.530
Zurcher Kantonalbank 6.750 07/01/2022 CHF 74.080
Vontobel Financial P 10.000 3/25/2022 EUR 70.120
Vontobel Financial P 11.000 3/25/2022 EUR 70.160
Vontobel Financial P 4.000 3/25/2022 EUR 53.620
Vontobel Financial P 3.000 3/25/2022 EUR 53.580
Vontobel Financial P 4.500 3/25/2022 EUR 53.430
Vontobel Financial P 3.500 3/25/2022 EUR 53.600
DZ Bank AG Deutsche 9.000 3/23/2022 EUR 64.090
DZ Bank AG Deutsche 5.750 3/23/2022 EUR 71.060
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 67.380
Vontobel Financial P 14.000 3/25/2022 EUR 65.620
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 73.650
EFG International Fi 7.000 3/23/2023 USD 11.980
UBS AG/London 10.000 3/23/2026 USD 57.450
Zurcher Kantonalbank 18.000 04/01/2022 USD 71.090
Zurcher Kantonalbank 11.500 04/01/2022 EUR 72.640
Zurcher Kantonalbank 11.000 04/01/2022 CHF 72.390
UniCredit Bank AG 8.000 4/20/2022 EUR 51.650
UniCredit Bank AG 9.90010/20/2022 EUR 67.840
Credit Suisse AG/Lon 8.500 06/08/2022 CHF 56.980
Credit Suisse AG/Lon 6.900 3/20/2023 USD 1.390
Credit Suisse AG/Lon 12.000 05/09/2022 USD 47.450
Vontobel Financial P 7.00012/23/2022 EUR 68.430
Vontobel Financial P 8.500 9/23/2022 EUR 67.810
Vontobel Financial P 10.00012/23/2022 EUR 70.800
Vontobel Financial P 5.500 9/23/2022 EUR 66.190
Vontobel Financial P 11.000 9/23/2022 EUR 69.400
Vontobel Financial P 9.000 9/23/2022 EUR 68.330
Vontobel Financial P 7.500 9/23/2022 EUR 67.520
Vontobel Financial P 9.00012/23/2022 EUR 68.190
Vontobel Financial P 9.500 9/23/2022 EUR 66.700
Vontobel Financial P 10.500 9/23/2022 EUR 67.240
Vontobel Financial P 8.500 9/23/2022 EUR 66.160
Vontobel Financial P 12.000 9/23/2022 EUR 67.930
Vontobel Financial P 10.50012/23/2022 EUR 69.330
Vontobel Financial P 8.50012/23/2022 EUR 67.710
Vontobel Financial P 10.000 9/23/2022 EUR 66.720
Vontobel Financial P 11.000 9/23/2022 EUR 67.350
Vontobel Financial P 8.000 9/23/2022 EUR 65.650
Vontobel Financial P 9.000 9/23/2022 EUR 66.180
Vontobel Financial P 5.50012/23/2022 EUR 61.350
Vontobel Financial P 8.50012/23/2022 EUR 58.210
Vontobel Financial P 11.50012/23/2022 EUR 55.890
Vontobel Financial P 15.00012/23/2022 EUR 54.630
Vontobel Financial P 10.00012/23/2022 EUR 74.610
Vontobel Financial P 15.00012/23/2022 EUR 72.050
Vontobel Financial P 13.00012/23/2022 EUR 72.540
Vontobel Financial P 17.00012/23/2022 EUR 73.110
Vontobel Financial P 14.50012/23/2022 EUR 74.420
Vontobel Financial P 16.00012/23/2022 EUR 73.600
Vontobel Financial P 7.50012/23/2022 EUR 72.270
Vontobel Financial P 14.50012/23/2022 EUR 67.580
Vontobel Financial P 12.00012/23/2022 EUR 68.740
Vontobel Financial P 8.00012/23/2022 EUR 73.310
Vontobel Financial P 10.00012/23/2022 EUR 72.160
Vontobel Financial P 14.00012/23/2022 EUR 70.360
Vontobel Financial P 12.00012/23/2022 EUR 71.180
Vontobel Financial P 13.50012/23/2022 EUR 75.060
EFG International Fi 19.000 11/10/2022 CHF 50.700
Vontobel Financial P 8.25012/23/2022 EUR 62.640
Credit Suisse AG/Lon 13.50011/28/2022 CHF 57.020
Leonteq Securities A 26.400 11/08/2022 CHF 54.450
Leonteq Securities A 22.800 11/11/2022 CHF 41.360
Zurcher Kantonalbank 11.000 11/08/2022 CHF 75.960
Societe Generale Eff 6.000 7/22/2022 EUR 67.380
Societe Generale Eff 7.000 8/26/2022 EUR 62.100
Societe Generale Eff 10.250 9/23/2022 EUR 54.220
Societe Generale Eff 11.25010/28/2022 EUR 52.810
Societe Generale Eff 15.25010/28/2022 EUR 48.930
Bank Julius Baer & C 9.300 01/09/2023 USD 67.900
Bank Julius Baer & C 9.250 10/07/2022 USD 57.300
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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 2022. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
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contact Peter Chapman at 215-945-7000.
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