/raid1/www/Hosts/bankrupt/TCREUR_Public/220516.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Monday, May 16, 2022, Vol. 23, No. 91
Headlines
F R A N C E
IDEMIA GROUP: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
I R E L A N D
BAIN CAPITAL 2022-1: Moody's Gives B3 Rating to EUR9.29MM F Notes
BAIN CAPITAL 2022-1: S&P Assigns B- Rating on Cl. F Notes
CAPITAL FOUR IV: Moody's Assigns (P)B3 Rating to EUR7.9MM F Notes
GLENBEIGH 2 ISSUER: DBRS Hikes Class F Notes Rating to BB(high)
TIKEHAU CLO III: Moody's Affirms 'B2' Rating on EUR12.6MM F Notes
I T A L Y
BANCO BPM: Moody's Upgrades Rating on Senior Unsecured Bond to Ba1
BRIGNOLE CQ 2022: DBRS Finalizes B(low) Rating on Class X Notes
N E T H E R L A N D S
TCG ACQUISITIONCO: Moody's Affirms 'B2' CFR, Alters Outlook Neg.
P O R T U G A L
HEFESTO STC: DBRS Confirms CCC Rating on Class B Notes
R U S S I A
[*] RUSSIA: US Treasury Weighs on Default Ahead of Debt Deadline
S P A I N
CAJAMAR PYME 4: DBRS Finalizes CCC(low) Rating on Series B Notes
S W I T Z E R L A N D
GATEGROUP HOLDING: S&P Affirms 'CCC+' ICR on Traffic Recovery
U N I T E D K I N G D O M
ATLAS FUNDING 2022-1: Moody's Assigns B1 Rating to Class X2 Notes
ATLAS FUNDING 2022-1: S&P Assigns B- Rating on Class X2 Notes
BL CONSUMER II: DBRS Confirms CCC Rating on Class X Notes
DERBY COUNTY FOOTBALL: Kircher Says Takeover "Almost Complete"
GRANGEMOUTH REFINERY: Trade Union Seeks Meeting with Minister
MORTIMER BTL 2022-1: Moody's Assigns B2 Rating to GBP4.7MM X Notes
NEW BEGINNINGS: Enters Liquidation Following Financial Woes
PARK HALL: Goes Into Liquidation, Owes Almost GBP1 Million
PAVILLION POINT 2021-1A: DBRS Finalizes B Rating on 2 Tranches
SAFE HANDS: Gov't. Urged to Set Up Emergency Fund to Help Victims
US HOUSE: Enters Administration, Seeks Buyers for Assets
X X X X X X X X
[*] BOND PRICING: For the Week May 9 to May 13, 2022
- - - - -
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F R A N C E
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IDEMIA GROUP: Moody's Affirms 'B3' CFR & Alters Outlook to Stable
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Moody's Investors Service has affirmed IDEMIA Group's (IDEMIA or
the company) B3 corporate family rating and B3-PD probability of
default rating. Concurrently, Moody's has affirmed the B3
instrument ratings of the EUR300 million backed senior secured
revolving credit facility due 2025 and EUR2.1 billion equivalent
backed senior secured term loan B (TLB) due 2026 borrowed by
IDEMIA. The outlook has been changed to stable from negative.
"The change in outlook to stable, from negative, reflects our
expectation that IDEMIA will maintain the growth momentum generated
over the course of 2021, leading to a continued improvement in its
credit metrics, with positive free cash flow (FCF) generation and
adequate liquidity", said Fabrizio Marchesi, Vice President and
Moody's lead analyst for the company. "The affirmation of IDEMIA's
B3 CFR reflects the fact that, irrespective of any forecast
improvement, IDEMIA's credit metrics will remain weak over the next
12-18 months, with forecast leverage of around 7x, interest
coverage of below 2x, and Moody's-adjusted FCF / debt of only 1-2%,
levels which are consistent with a B3 rating", added Mr. Marchesi.
RATINGS RATIONALE
IDEMIA's operating performance improved during the course 2021,
following a difficult 2020, with revenue increasing 2% and
company-adjusted EBITDA rising 9% when compared to the prior year,
or 6% and 15%, respectively, on a constant-perimeter basis. Moody's
estimates that company-adjusted EBITDA of EUR396 million in 2021
was around 6% higher than in 2019 after adjusting for certain asset
disposals made over the period. Management continued to
successfully reduce exceptional costs during the year, which also
contributed to an improvement in Moody's-adjusted EBITDA to EUR288
million in 2021 and a significant reduction in Moody's-adjusted
leverage to 7.9x, from 9.1x in 2020.
Moody's expects that IDEMIA's top line growth will continue at
around 3-4% per annum which, in combination with an improvement in
product mix and tight cost control, will help drive
company-adjusted EBITDA towards EUR420 million in 2022 and EUR440
million in 2023. As a result, Moody's-adjusted leverage is forecast
to improve to around 7.0x by December 2022 and 6.5x by December
2023, based on Moody's-adjusted EBITDA of around EUR325 million and
EUR350 million in 2022 and 2023, respectively. That said, the
rating agency expects Moody's-adjusted FCF / debt will remain weak,
at approximately 1-2% of total debt over the next 12-18 months,
owing to the company's high capital intensity and significant
interest payments.
Moody's considers that IDEMIA will also need to maintain its growth
momentum beyond the aforementioned time horizon, in order to ensure
the successful refinancing of its sizeable backed senior secured
TLB maturities ahead of their maturity in 2026, especially in the
context of a rising interest rate environment.
IDEMIA's B3 CFR is also constrained by the company's relatively
limited recurring revenue and a lack of visibility in certain
business lines, given the unevenness of new contracts and renewal
cycles; as well as technological risks inherent in its business
model. These factors are partly offset by the high barriers to
entry in IDEMIA's various business lines; the company's strong
market share in its key segments; its good geographical and
customer diversification; and its adequate liquidity.
Governance was considered a key rating driver in line with Moody's
ESG framework. The company is tightly controlled by Advent
International which, as majority owner, controls the board. As is
often the case in highly levered, private equity sponsored deals,
owners have a high tolerance for leverage/risk and governance is
relatively less transparent, when compared to publicly traded
companies.
LIQUIDITY
Moody's considers that IDEMIA benefits from an adequate liquidity
position, supported by EUR250 million of cash on balance at
December 31, 2021, as well as a fully undrawn EUR300 million backed
senior secured RCF. The backed senior secured RCF has a springing
leverage covenant which is only tested once 35% of the facility is
drawn. If tested, the maximum net leverage is set at 7.8x. Moody's
does not currently forecast a breach under the backed senior
secured RCF covenant.
STRUCTURAL CONSIDERATIONS
IDEMIA's EUR2,100 million equivalent backed senior secured TLB due
2026 and EUR300 million backed senior secured RCF due 2025 rank
pari-passu and are rated B3, in line with the CFR, reflecting the
absence of any significant liabilities ranking ahead or behind. The
backed senior secured facilities benefit from guarantees equivalent
to a minimum of 80% of EBITDA and gross assets. The security
package includes share pledges, along with pledges over bank
accounts and intercompany receivables, which Moody's considers as
weak.
The PDR of B3-PD is aligned with the B3 CFR, reflecting Moody's
assumption of a 50% family recovery rate in line with Moody's
practice for covenant-lite all-first-lien loan capital structures.
RATING OUTLOOK
The stable outlook reflects Moody's expectations of continued
growth in revenue and EBITDA over the next 12 to 18 months, such
that Moody's-adjusted leverage falls to around 7.0x and
Moody's-adjusted FCF remains at least in the low-single digits as a
percentage of Moody's-adjusted debt. The outlook also assumes no
material releveraging from any future debt-funded acquisitions or
shareholder distributions, as well as the company maintaining an
adequate liquidity profile.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Positive pressure on the rating could develop over time if the
company continues to record growth in revenue and Moody's-adjusted
EBITDA, such that Moody's-adjusted leverage improves to well below
6.0x on a sustained basis; and Moody's-adjusted FCF / debt rises
sustainably to mid single-digit levels.
Conversely, negative pressure could arise if IDEMIA fails to reduce
Moody's-adjusted leverage to around 7.0x on a sustainable basis;
free cash flow turns negative; or the company's liquidity
deteriorates so that it is no longer adequate.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Manufacturing
published in September 2021.
COMPANY PROFILE
Headquartered in Courbevoie, France, IDEMIA is an international
company that develops, manufactures and markets specialized
security technology products and services mainly in identity &
public security, payments and telecommunications markets. The
company has been majority-owned by funds controlled by private
equity sponsor Advent International since November 2011. IDEMIA
became the brand name for the Oberthur-Morpho combination following
Oberthur Technologies S.A.'s acquisition of Morpho on May 31, 2017.
Advent International has been joined by Bpifrance as a minority
investor following the transaction.
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I R E L A N D
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BAIN CAPITAL 2022-1: Moody's Gives B3 Rating to EUR9.29MM F Notes
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Moody's Investors Service announced that it has assigned the
following definitive ratings to notes issued by Bain Capital Euro
CLO 2022-1 Designated Activity Company (the "Issuer"):
EUR1,000,000 Class X Senior Secured Floating Rate Notes due 2034,
Definitive Rating Assigned Aaa (sf)
EUR253,150,000 Class A Senior Secured Floating Rate Notes due
2034, Definitive Rating Assigned Aaa (sf)
EUR43,580,000 Class B Senior Secured Floating Rate Notes due 2034,
Definitive Rating Assigned Aa2 (sf)
EUR24,900,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned A2 (sf)
EUR28,800,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned Baa3 (sf)
EUR22,300,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2034, Definitive Rating Assigned Ba3 (sf)
EUR9,290,000 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 high yield bonds. The
portfolio is expected to be 90% ramped 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 6-month ramp-up period in compliance with the portfolio
guidelines.
Bain Capital Credit U.S. CLO Manager, LLC, Series C 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
4.5-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.
Interest and principal amortisation amounts due to the Class X
Notes are paid pro rata with payments to the Class A Notes. The
Class X Notes amortise by 17% or EUR166,666 over the six payment
dates starting on the second payment date.
In addition to the seven classes of notes rated by Moody's, the
Issuer will issue EUR33,200,000 of Class M-1 Subordinated Notes and
EUR500,000 of Class M-2 Notes which are not rated. The Class M-2
Notes accrue interest in an amount equivalent to a certain
proportion of the senior and subordinated management fees and its
notes' payment is pari passu with the payment of the senior and
subordinated management fee.
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: EUR415,000,000
Diversity Score: 59
Weighted Average Rating Factor (WARF): 2981
Weighted Average Spread (WAS): 3.85%
Weighted Average Coupon (WAC): 4.00%
Weighted Average Recovery Rate (WARR): 44.0%
Weighted Average Life (WAL): 7.5 years
BAIN CAPITAL 2022-1: S&P Assigns B- Rating on Cl. F Notes
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S&P Global Ratings assigned its credit ratings to Bain Capital Euro
CLO 2022-1 DAC's class X, A, B, C, D, E, and F notes. At closing,
the issuer also issued unrated subordinated notes.
The ratings assigned to Bain Capital Euro CLO 2022-1's notes
reflect our assessment of:
-- The diversified collateral pool, which primarily comprises
broadly syndicated speculative-grade senior secured term loans and
bonds that are governed by collateral quality tests.
-- The credit enhancement provided through the subordination of
cash flows, excess spread, and overcollateralization.
-- The collateral manager's experienced team, which can affect the
performance of the rated notes through collateral selection,
ongoing portfolio management, and trading.
-- The issuer's legal structure, which is bankruptcy remote.
-- The transaction's counterparty risks, which is in line with our
counterparty rating framework.
Portfolio Benchmarks
CURRENT
S&P Global Ratings weighted-average rating factor 2,802.65
Default rate dispersion 484.59
Weighted-average life (years) 5.101
Obligor diversity measure 141.50
Industry diversity measure 22.55
Regional diversity measure 1.26
Transaction Key Metrics
CURRENT
Portfolio weighted-average rating
derived from S&P's CDO evaluator B
'CCC' category rated assets (%) 1.0
Covenanted 'AAA' weighted-average recovery (%) 35.50
Floating-rate assets 91.30
Weighted-average spread (net of floors; %) 3.93
Under the transaction documents, the rated notes pay quarterly
interest unless there is a frequency switch event. Following this,
the notes will permanently switch to semiannual payment.
The portfolio's reinvestment period ends approximately 4.5 years
after closing.
The portfolio is well-diversified, primarily comprising broadly
syndicated speculative-grade senior secured term loans and senior
secured bonds. S&P said, "Therefore, we have conducted our credit
and cash flow analysis by applying our criteria for corporate cash
flow CDOs. As such, we have not applied any additional scenario and
sensitivity analysis when assigning ratings to any classes of notes
in this transaction."
S&P said, "In our cash flow analysis, we used the EUR415.00 million
target par, a weighted-average spread (3.85%), the reference
weighted-average coupon (4.00%), and the covenanted
weighted-average recovery rates as indicated by the issuer. We
applied various cash flow stress scenarios, using four different
default patterns, in conjunction with different interest rate
stress scenarios for each liability rating category. Our credit and
cash flow analysis indicates that the available credit enhancement
for the class B to D notes could withstand stresses commensurate
with higher ratings than those we have assigned. However, as the
CLO will be in its reinvestment phase starting from closing, during
which the transaction's credit risk profile could deteriorate, we
have capped our ratings assigned to the notes.
"Under our structured finance ratings above the sovereign criteria,
we consider that the transaction's exposure to country risk is
sufficiently mitigated at the assigned rating levels.
"We consider that the transaction's documented counterparty
replacement and remedy mechanisms adequately mitigate the exposure
to counterparty risk under our current counterparty criteria.
"The issuer's legal structure is bankruptcy remote, in line with
our legal criteria.
"Following our analysis of the credit, cash flow, counterparty,
operational, and legal risks, we believe our ratings are
commensurate with the available credit enhancement for the class X
to F notes.
"In addition to our standard analysis, to provide an indication of
how rising pressures among speculative-grade corporates could
affect our ratings on European CLO transactions, we have also
included the sensitivity of the ratings on the class A to E notes
to five of the 10 hypothetical scenarios we looked at in "How
Credit Distress Due To COVID-19 Could Affect European CLO Ratings,"
published on April 2, 2020. The results shown in the chart below
are based on the actual weighted-average spread, coupon, and
recoveries."
Environmental, social, and governance (ESG) factors
S&P said, "We regard the exposure to ESG credit factors in the
transaction as being broadly in line with our benchmark for the
sector. Primarily due to the diversity of the assets within CLOs,
the exposure to environmental credit factors is viewed as below
average, social credit factors are below average, and governance
credit factors are average. For this transaction, the documents
prohibit assets from being related to the following industries
(non-exhaustive list): the manufacturing or marketing of
controversial weapons or thermal coal production. Accordingly,
since the exclusion of assets from these industries does not result
in material differences between the transaction and our ESG
benchmark for the sector, we have not made any specific adjustments
in our rating analysis to account for any ESG-related risks or
opportunities."
Ratings
CLASS RATING AMOUNT CREDIT INTEREST RATE
(MIL. EUR) ENHANCEMENT (%)
X AAA (sf) 1.00 N/A Three/six-month
EURIBOR plus 0.60%
A AAA (sf) 253.15 39.00 Three/six-month
EURIBOR plus 1.24%
B AA (sf) 43.58 28.50 Three/six-month
EURIBOR plus 2.40%
C A (sf) 24.90 22.50 Three/six-month
EURIBOR plus 3.50%
D BBB (sf) 28.80 15.56 Three/six-month
EURIBOR plus 4.60%
E BB- (sf) 22.30 10.19 Three/six-month
EURIBOR plus 6.99%
F B- (sf) 9.29 7.95 Three/six-month
EURIBOR plus 9.51%
M-1 NR 33.20 N/A N/A
M-2 NR 0.50 N/A N/A
NR--Not rated.
N/A--Not applicable.
EURIBOR--Euro Interbank Offered Rate.
CAPITAL FOUR IV: Moody's Assigns (P)B3 Rating to EUR7.9MM F Notes
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Moody's Investors Service announced that it has assigned the
following provisional ratings to notes to be issued by Capital Four
CLO IV Designated Activity Company (the "Issuer"):
EUR213,900,000 Class A Senior Secured Floating Rate Notes due
2035, Assigned (P)Aaa (sf)
EUR40,000,000 Class B Senior Secured Floating Rate Notes due 2035,
Assigned (P)Aa2 (sf)
EUR17,200,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2035, Assigned (P)A2 (sf)
EUR23,600,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2035, Assigned (P)Baa3 (sf)
EUR19,400,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2035, Assigned (P)Ba3 (sf)
EUR7,900,000 Class F Senior Secured Deferrable Floating Rate Notes
due 2035, Assigned (P)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 high yield bonds. The
portfolio is expected to be around 90% ramped 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 4.6 months ramp-up period in compliance with
the portfolio guidelines.
Capital Four CLO Management II K/S ("Capital Four Management") 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 approximately 2.1 years 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 six classes of notes rated by Moody's, the
Issuer will issue EUR29,600,000 Subordinated Notes due 2035 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:
Target Par Amount: EUR350,000,000
Diversity Score: 45
Weighted Average Rating Factor (WARF): 3025
Weighted Average Spread (WAS): 3.85%
Weighted Average Coupon (WAC): 4.00%
Weighted Average Recovery Rate (WARR): 44%
Weighted Average Life (WAL): 6 years
GLENBEIGH 2 ISSUER: DBRS Hikes Class F Notes Rating to BB(high)
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DBRS Ratings GmbH took the following rating actions on the notes
issued by Glenbeigh 2 Issuer Designated Activity Company (the
Issuer):
-- Class A confirmed at AAA (sf)
-- Class B upgraded to AA (high) (sf) from AA (low) (sf)
-- Class C upgraded to AA (sf) from A (high) (sf)
-- Class D upgraded to A (sf) from BBB (high) (sf)
-- Class E upgraded to BBB (sf) from BB (high) (sf)
-- Class F upgraded to BB (high) (sf) from BB (low) (sf)
The rating on the Class A notes addresses the timely payment of
interest and the ultimate payment of principal on or before the
legal final maturity date in March 2046. The ratings on the Class B
and C notes address the ultimate payment of interest and principal
on or before the legal final maturity date while junior, and timely
payment of interest while the senior-most class outstanding. The
ratings on the Class D, Class E, and Class F notes address the
ultimate payment of interest and principal on or before the legal
final maturity date.
Additionally, DBRS Morningstar removed the Under Review with
Positive Implications (UR-Pos.) status on the Class B, Class C,
Class D, Class E, and Class F Notes.
These rating actions are the result of an entire review of the
transaction following the upgrade of the Republic of Ireland's
Long-Term Foreign and Local Currency – Issuer Ratings to AA (low)
from A (high) on January 14, 2022.
DBRS Morningstar's credit ratings on structured finance
transactions consider sovereign, macroeconomic, and sovereign risk
of the country (or countries) in which transaction parties in a
securitization are domiciled.
The rating actions are also based on the following analytical
considerations:
-- Portfolio performance, in terms of delinquencies, defaults and
losses.
-- Probability of default (PD), loss given default (LGD), and
expected loss assumptions on the remaining receivables.
-- Current available credit enhancement to the notes to cover the
expected losses at their respective rating levels.
-- Current economic environment and an assessment of sustainable
performance, as a result of the Coronavirus Disease (COVID-19)
pandemic.
The transaction is a securitization of buy-to-let residential
mortgage loans originated in Ireland by Permanent TSB plc. The
legal title of the loans has been transferred to Pepper Finance
Corporation (Ireland) DAC (Pepper Ireland), which also acts as
servicer for the mortgage portfolio.
PORTFOLIO PERFORMANCE
As of December 2021, loans two to three months in arrears
represented 0.8% of the outstanding portfolio balance, the 90+
delinquency ratio was 1.3%, and the cumulative default ratio was
0.0%.
PORTFOLIO ASSUMPTIONS AND KEY DRIVERS
DBRS Morningstar conducted a loan-by-loan analysis of the remaining
pool of receivables and has updated its base case PD and LGD
assumptions to 4.9% and 17.4%, respectively.
CREDIT ENHANCEMENT
As of the December 2021 payment date, the credit enhancements
available to the Class A, Class B, Class C, Class D, Class E, and
Class F Notes were 31.0%, 24.6%, 20.2%, 16.6%, 13.5%, and 11.4%,
respectively, up from 30.0%, 23.8%, 19.5%, 16.0%, 13.0%, and 11.0%
at the DBRS Morningstar initial rating, respectively. Credit
enhancement to the notes is provided by subordination of junior
classes and the general reserve fund.
The general reserve fund is currently at its target level of EUR
148,582.2, equal to 2.5% of the original principal balance of the
Class A notes, minus the liquidity reserve target amount. The
general reserve fund is available to cover senior fees, interest,
and principal (via the principal deficiency ledgers) on the rated
notes.
The liquidity reserve fund is currently at its target level of EUR
5.1 million, equal to 2.5% of the outstanding principal balance of
the Class A Notes, and is available to cover senior fees and
interest on the Class A Notes.
Citibank N.A., London Branch acts as the account bank for the
transaction. Based on the DBRS Morningstar private rating of
Citibank N.A., London Branch, the downgrade provisions outlined in
the transaction documents, and other mitigating factors inherent in
the transaction structure, DBRS Morningstar considers the risk
arising from the exposure to the account bank to be consistent with
the rating assigned to the Class A notes, as described in DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
DBRS Morningstar analyzed the transaction structure in Intex
DealMaker.
The Coronavirus Disease (COVID-19) and the resulting isolation
measures had caused an economic contraction, leading in some cases
to increases in unemployment rates and income reductions for
borrowers.
Notes: All figures are in euros unless otherwise noted.
TIKEHAU CLO III: Moody's Affirms 'B2' Rating on EUR12.6MM F Notes
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Moody's Investors Service has upgraded the rating on the following
notes issued by Tikehau CLO III DAC:
EUR28,600,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2030, Upgraded to A1 (sf); previously on Nov 9, 2021
Affirmed A2 (sf)
Moody's has also affirmed the ratings on the following notes:
EUR244,700,000 (current outstanding amount EUR244,563,734) Class A
Senior Secured Floating Rate Notes due 2030, Affirmed Aaa (sf);
previously on Nov 9, 2021 Affirmed Aaa (sf)
EUR57,700,000 Class B Senior Secured Floating Rate Notes due 2030,
Affirmed Aa1 (sf); previously on Nov 9, 2021 Upgraded to Aa1 (sf)
EUR19,700,000 Class D Senior Secured Deferrable Floating Rate
Notes 2030, Affirmed Baa2 (sf); previously on Nov 9, 2021 Affirmed
Baa2 (sf)
EUR26,250,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed Ba2 (sf); previously on Nov 9, 2021
Affirmed Ba2 (sf)
EUR12,600,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed B2 (sf); previously on Nov 9, 2021
Affirmed B2 (sf)
RATINGS RATIONALE
The rating upgrade on the Class C notes is primarily a result of
the benefit of the transaction having reached the end of the
reinvestment period in December 2021.
In light of reinvestment restrictions during the amortisation
period, and therefore the limited ability to effect significant
changes to the current collateral pool, Moody's analysed the deal
assuming a higher likelihood that the collateral pool
characteristics would maintain an adequate buffer relative to
certain covenant requirements. In particular, Moody's assumed that
the deal will benefit from a shorter amortisation profile than it
had assumed at the last rating action in November 2021.
The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers.
In its base case, Moody's used the following assumptions:
Performing par and principal proceeds balance: EUR417.01m
Defaulted Securities: none
Diversity Score: 53
Weighted Average Rating Factor (WARF): 2870
Weighted Average Life (WAL): 4.26 years
Weighted Average Spread (WAS) (before accounting for Euribor
floors): 3.62%
Weighted Average Coupon (WAC): 5.55%
Weighted Average Recovery Rate (WARR): 44.75%
Par haircut in OC tests and interest diversion test: none
The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on future
defaults is based primarily on the seniority of the assets in the
collateral pool. In each case, historical and market performance
and a collateral manager's latitude to trade collateral are also
relevant factors. Moody's incorporates these default and recovery
characteristics of the collateral pool into its cash flow model
analysis, subjecting them to stresses as a function of the target
rating of each CLO liability it is analysing.
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.
Counterparty Exposure:
The rating action took into consideration the notes' exposure to
relevant counterparties, such as account bank, using the
methodology "Moody's Approach to Assessing Counterparty Risks in
Structured Finance" published in May 2021. Moody's concluded the
ratings of the notes are not constrained by these risks.
Factors that would lead to an upgrade or downgrade of the ratings:
This transaction is subject to a high level of macroeconomic
uncertainty, which could negatively affect the ratings on the note,
in light of uncertainty about credit conditions in the general
economy. In particular, the length and severity of the economic and
credit shock precipitated by the global coronavirus pandemic will
have a significant impact on the performance of the securities. CLO
notes' performance may also be impacted either positively or
negatively by 1) the manager's investment strategy and behaviour
and 2) divergence in the legal interpretation of CDO documentation
by different transactional parties because of embedded
ambiguities.
Additional uncertainty about performance is due to the following:
Portfolio amortisation: The main source of uncertainty in this
transaction is the pace of amortisation of the underlying
portfolio, which can vary significantly depending on market
conditions and have a significant impact on the notes' ratings.
Amortisation could accelerate as a consequence of high loan
prepayment levels or collateral sales by the collateral manager or
be delayed by an increase in loan amend-and-extend restructurings.
Fast amortisation would usually benefit the ratings of the notes
beginning with the notes having the highest prepayment priority.
In addition to the quantitative factors that Moody's explicitly
modelled, qualitative factors are part of the rating committee's
considerations. These qualitative factors include the structural
protections in the transaction, its recent performance given the
market environment, the legal environment, specific documentation
features, the collateral manager's track record and the potential
for selection bias in the portfolio. All information available to
rating committees, including macroeconomic forecasts, input from
other Moody's analytical groups, market factors, and judgments
regarding the nature and severity of credit stress on the
transactions, can influence the final rating decision.
=========
I T A L Y
=========
BANCO BPM: Moody's Upgrades Rating on Senior Unsecured Bond to Ba1
------------------------------------------------------------------
Moody's Investors Service upgraded Banco BPM S.p.A.'s long-term
senior unsecured ratings to Ba1 from Ba2, its long-term deposit
ratings to Baa2 from Baa3 as well as the bank's standalone Baseline
Credit Assessment to ba2 from ba3. The outlooks on the long-term
deposit and senior unsecured ratings remain stable.
RATINGS RATIONALE
Baseline Credit Assessment
The upgrade of Banco BPM's BCA to ba2 from ba3 primarily reflects
the improvement in the bank's asset quality, which stems the
ongoing de-risking of its loan book. This has been completed
through the sales and securitisations of larger than initially
expected amounts of problem loans. The bank's gross problem loans
ratio decreased to 5.8% as of end-2021 from 7.7% one year earlier,
and Moody's expects the ratio to further dwindle below 5% following
additional sales that the bank will complete in the second quarter
of 2022.
However, Banco BPM's level of problem loans remains higher than the
Italian banking system average of 3.1% as of end-2021. Moreover,
Moody's expects a moderate increase in the inflow of Banco BPM's
problem loans in 2022 in line with the Italian banking system.
Banco BPM reported stable capitalization as of end 2021, with a
fully-loaded Common Equity Tier 1 (CET1) ratio of 13.4% compared
with 13.3% end-2020. It stands at almost 500 basis points above the
bank's Supervisory Review and Evaluation Process (SREP) minimum
requirement set by the European Central Bank (ECB).
The bank's net profit for 2021 amounted to EUR569 million, with a
return on tangible assets of 0.3%. The performance recovered from
just EUR21 million net profit reported in 2020 which was affected
by COVID-related loan losses of over EUR1 billion. Despite a
reduced cost of risk (81 bps in 2021 from 122 bps in 2020), the
bank's profitability remains below its pre-Covid level (EUR797
million net profit in 2019).
Deposit and senior unsecured ratings
Banco BPM's long-term deposit ratings were upgraded to Baa2 from
Baa3 because of the bank's BCA upgrade and unchanged extremely low
expected losses resulting from Moody's Advanced Loss Given Failure
(LGF) analysis, which results in a three-notch uplift from the
BCA.
Banco BPM's senior unsecured debt ratings were upgraded to Ba1 from
Ba2 because of the bank's BCA upgrade and unchanged low expected
losses resulting from Moody's Advanced LGF analysis, which results
in a one notch-uplift from the BCA.
OUTLOOK
The outlook on Banco BPM's long-term deposit and senior unsecured
ratings remains stable, reflecting Moody's expectation that the
bank's level of problem loans, capital, and profitability will
remain close to current levels over the next 12-18 months.
Furthermore, the stable outlook is also predicated on an unchanged
funding policy as per its recent public disclosures.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Banco BPM's BCA of ba2 could be upgraded if the bank were to
further reduce its stock of problem loans and strengthened its
profitability, while keeping good capital levels. An upgrade of the
BCA would likely result in upgrades of all ratings. Banco BPM's
senior unsecured and issuer ratings could also be upgraded
following the issuance of a higher amount of senior and/or
subordinated debt than currently expected.
The BCA could be downgraded following a material deterioration in
the bank's asset quality or by significant reported losses. Any
deterioration in the bank's liquidity profile could also result in
a downgrade of the BCA. A downgrade of the BCA would likely result
in a downgrade of all ratings. Banco BPM's senior unsecured and
issuer ratings could also be downgraded were the bank to issue
lower amount of senior and/or subordinated debt than currently
planned over the next 12 to 18 months.
LIST OF AFFECTED RATINGS
Issuer: Banco BPM S.p.A.
Upgrades:
Adjusted Baseline Credit Assessment, Upgraded to ba2 from ba3
Baseline Credit Assessment, Upgraded to ba2 from ba3
Long-term Counterparty Risk Assessment, Upgraded to Baa2(cr) from
Baa3(cr)
Short-term Counterparty Risk Assessment, Upgraded to P-2(cr) from
P-3(cr)
Long-term Counterparty Risk Ratings, Upgraded to Baa2 from Baa3
Short-term Counterparty Risk Ratings, Upgraded to P-2 from P-3
Long-term Issuer Rating, Upgraded to Ba1 from Ba2, Outlook Remains
Stable
Long-term Bank Deposit Ratings, Upgraded to Baa2 from Baa3,
Outlook Remains Stable
Short-term Bank Deposit Ratings, Upgraded to P-2 from P-3
Junior Senior Unsecured Regular Bond/Debenture, Upgraded to Ba2
from Ba3
Subordinate Medium-Term Note Program, Upgraded to (P)Ba3 from
(P)B1
Senior Unsecured Medium-Term Note Program, Upgraded to (P)Ba1 from
(P)Ba2
Junior Senior Unsecured Medium-Term Note Program, Upgraded to
(P)Ba2 from (P)Ba3
Pref. Stock Non-cumulative, Upgraded to B2 (hyb) from B3 (hyb)
Subordinate Regular Bond/Debenture, Upgraded to Ba3 from B1
Senior Unsecured Regular Bond/Debenture, Upgraded to Ba1 from Ba2,
Outlook Remains Stable
Outlook Action:.
Outlook, Remains Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Banks
Methodology published in July 2021.
BRIGNOLE CQ 2022: DBRS Finalizes B(low) Rating on Class X Notes
---------------------------------------------------------------
DBRS Ratings GmbH finalized its provisional ratings on the
following classes of notes issued by Brignole CQ 2022 S.r.l. (the
Issuer):
-- Class A Notes at AA (low) (sf)
-- Class B Notes at A (sf)
-- Class C Notes at A (low) (sf)
-- Class D Notes at BB (low) (sf)
-- Class X Notes at B (low) (sf)
The rating on the Class A Notes addresses the timely payment of
interest and the ultimate repayment of principal by the legal
maturity date. The ratings on the Class B and Class C Notes address
the ultimate payment of interest and the ultimate repayment of
principal by the legal maturity date while junior to other
outstanding classes of notes, but the timely payment of interest
when they are the senior-most tranche, in accordance with the
Issuer's default definition (liquidation) provided in the
transaction documents. The ratings on the Class D and Class X Notes
address the ultimate payment of interest and the ultimate repayment
of principal by the legal maturity date. DBRS Morningstar does not
rate the Class R Notes also issued in this transaction.
The transaction represents the issuance of Class A, Class B, Class
C, Class D, and Class X Notes (collectively, the Rated Notes), as
well as the Class R Notes (together with the Rated Notes, the
Notes) backed by a pool of approximately EUR 164.48 million of
fixed-rate receivables related to Italian salary- and
pension-assignment loans as well as payment delegation loans
granted by Creditis Servizi Finanziari S.p.A. (Creditis; the
Originator and Servicer) to individuals residing in Italy. The
transaction envisages a six-month revolving period lasting from
closing to the payment date in September 2022 (included), during
which time the Issuer will purchase new receivables that the
Originator may offer provided that certain conditions set out in
the transaction documents are satisfied.
The Class X Notes are not collateralized by receivables and
entirely rely on excess spread to pay interest and repay principal.
Their amortization with interest funds is expected to be completed
in 18 instalments, starting during the revolving period.
DBRS Morningstar based its ratings on the following analytical
considerations:
-- The transaction capital structure, including form and
sufficiency of available credit enhancement.
-- Credit enhancement levels that are sufficient to support DBRS
Morningstar's projected expected net losses under various stress
scenarios.
-- The ability of the transaction to withstand stressed cash flow
assumptions and repay investors according to the terms under which
they have invested.
-- Creditis' capabilities with respect to originations,
underwriting, servicing, and financial strength.
-- The appointment of a backup servicer facilitator upon closing.
-- The transaction parties' financial strength with regard to
their respective roles.
-- The credit quality, diversification of the collateral, and
historical and projected performance of the seller's portfolio.
-- The sovereign rating on the Republic of Italy, currently rated
BBB (high) with a Stable trend by DBRS Morningstar.
-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology, the presence of legal opinions that
address the true sale of the assets to the Issuer.
TRANSACTION'S STRUCTURE
The transaction envisages that principal on the Class A to Class D
Notes will be repaid on a fully sequential basis during the
amortization period. The Class X Notes' principal can only be
repaid with interest funds, junior to interest payments on the
Class A to Class D Notes and the respective principal deficiency
ledgers.
The transaction benefits from a cash reserve of EUR 1.63 million
funded with part of the proceeds of subscription to the Class X
Notes that the Issuer can use to cover shortfalls in senior
expenses and interest on the Class A to Class C Notes.
The Rated Notes pay interest indexed to one-month Euribor plus a
margin and the interest rate risk arising from the mismatch between
the floating-rate notes and the fixed-rate collateral is hedged
through an interest rate cap with an eligible counterparty up to
the clean-up option date.
COUNTERPARTIES
BNP Paribas Securities Services SCA/Milan (BNPSS Milan) is the
account bank for the transaction. DBRS Morningstar has a private
rating on BNPSS Milan, which meets DBRS Morningstar's criteria to
act in such capacity. The transaction documents contain downgrade
provisions consistent with DBRS Morningstar's criteria with respect
to BNPSS Milan's role as account bank.
The transaction is exposed to interest rate risk due to the
mismatch between the fixed-rate assets and the floating-rate
liabilities. The risk is mitigated by an interest rate cap with an
eligible counterparty set on a fixed amortization schedule of the
loans up to the clean-up option date, derived assuming a 8.0%
constant prepayment rate. Natixis S.A. (Natixis) is the cap
counterparty for the transaction. DBRS Morningstar does not
publicly rate Natixis, but maintains a private rating on the entity
and concluded that, despite the interest rate cap documentation not
being fully in line with its published Derivative Criteria for
European Structured Finance Transactions methodology, this does not
affect its analysis of the cap or the ratings assigned to the Rated
Notes.
DBRS Morningstar analyzed the transaction's structure in Intex
DealMaker.
CORONAVIRUS DISEASE (COVID-19) CONSIDERATIONS
The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an immediate economic contraction, leading in
some cases to increases in unemployment rates and income reductions
for many borrowers. DBRS Morningstar anticipates that delinquencies
may continue to increase in the coming months for many ABS
transactions. The ratings are based on additional analysis to
expected performance as a result of the global efforts to contain
the spread of the coronavirus.
Notes: All figures are in euros unless otherwise noted.
=====================
N E T H E R L A N D S
=====================
TCG ACQUISITIONCO: Moody's Affirms 'B2' CFR, Alters Outlook Neg.
----------------------------------------------------------------
Moody's Investors Service affirmed TCG AcquisitionCO B.V. (TCG,
Tencate Grass or the company) B2 corporate family rating, the B2-PD
probability of default rating and the B2 instrument ratings of the
senior secured term loan B maturing in September 2028 and the
senior secured revolving credit facility maturing in March 2028.
Moody's also changed the outlook to negative from stable.
TCG plans to upsize the senior secured term loan B to about EUR590
million from EUR315 million and the senior secured revolving credit
facility to EUR90 million from EUR65 million. Proceeds of the
incremental term loan will fund the company's contemplated
acquisitions of Hellas in May 2022 for approximately EUR367
million, as well as repay outstanding drawings under the senior
secured revolving credit facility due to the acquisition of Geo
Sport Lighting, and pay transaction costs. Crestview, a US private
equity firm which owns the majority of TCG, will also contribute
equity financing, which together with equity rolled over from
Hellas and TCG management comprises about 30% of the total purchase
price.
RATINGS RATIONALE
The outlook change to negative reflects Moody's expectations that
the Hellas acquisition as well as the acquisition of Geo Sport
Lighting in Q1 2022 will delay TCG's deleveraging to below 5.5x
debt/EBITDA, the leverage expected for the B2 CFR, towards 2023,
particularly amid the current macroeconomic backdrop. A reduction
of GDP growth and cost inflation in the US and Europe in 2022 are
likely to pressure the company's margins and potentially end
markets, which TCG is partially offsetting by price increases.
TCG's Moody's-adjusted leverage remains high at about 6.5x debt
/EBITDA pro forma the acquisitions at end of 2021.
At the same time the acquisitions enhance the company's business
profile with increased sales diversification and access to the
strongly growing market for sports fields, especially in the South
of the US, as well as greater scale, with pro forma revenue
estimated at about EUR864 million in 2021 compared to about EUR500
million standalone. The company envisages to raise up to EUR10
million of synergies from the transaction by end of 2022. Hellas is
the largest downstream installer of artificial turf in the US,
which designs projects and manufactures the installed turf.
RATIONALE FOR THE RATING
TCG's B2 CFR is weakly positioned considering its (1) relatively
small albeit improved size with EUR864 million of revenue in 2021
pro forma for the acquisitions; (2) aggressive financial policy and
relatively high leverage for the B2 rating at above 6.0x expected
at year end 2022 and only falling below 5.5x by the end of 2023;
(3) fairly limited product and production diversification with 7
manufacturing plants producing artificial turf for sports and
landscape end-markets; (4) highly competitive end markets,
especially in the sports segment (about 80% of EBITDA in 2022)
where most new contracts are awarded through public or private
tenders (5) execution risk to integrate Hellas and the numerous
bolt-on acquisitions and to achieve the envisaged synergies; and
(6) relatively modest starting cash position.
TCG's (1) leading market position in the upstream, mid and
downstream segments in a very fragmented industry, (2) moderately
growing end markets at low single digits in sports and high single
digits in landscaping as artificial turf allows for increased usage
and water savings compared to natural grass; (3) vertical
integration along the value chain, which supports margins; (4)
widely diversified customer base with relatively low churn; (5)
some track record of improving operating performance and
integrating several acquired companies over the past 5 years
reflected in an EBITA-Margin of around 7.8.% for 2021 and expected
to improve towards 10% in 2022, as well as a strong backlog
providing some visibility for 2022; and (6) potential for
relatively good cash generation due to moderate working capital and
maintenance capex requirements, support the B2 CFR.
Since 2017 TCG expanded along the entire artificial turf value
chain through organic growth and the acquisition of about 15 small
to medium size companies. Moody's expects TCG to continue to direct
the majority of its free cash flow to further consolidate the
fairly fragmented industry and strengthen its market position.
Continuous bolt on acquisitions will likely help to deleverage the
group's balance sheet through incremental EBITDA at favorable
multiples, but at the same time expose the company to meaningful
integration risk and potentially require additional financing.
ESG
Governance considerations have been a driver of the rating action.
Private equity firm Crestview and management own TCG. Private
equity funds tend to have higher tolerance for leverage, a greater
propensity to favor shareholders over creditors as well as a
greater appetite for debt-funded M&A to maximize growth and their
return on their investment.
Environmental considerations support demand for synthetic turf due
to water and fertilizer savings as well as globally rising
temperatures.
LIQUIDITY
The proposed upsize of the senior secured revolving credit facility
to EUR90 million from EUR65 million, as well as balance sheet cash
support adequate, albeit relatively tight, liquidity for TCG.
Moody's expects revolver drawings of about EUR21 million and only
EUR16 million of cash on balance sheet to finance day to day cash
needs pro forma for the closure of the transaction. The rating
agency expects TCG to generate EUR1 millon to EUR10 million free
cash flow in 2022 (mainly due to a working capital built up of
EUR25 million driven by cost inflation in combination with growing
sales and high growth capex of EUR31 million), which is likely to
redeem a part of the drawn portion of the RCF and to fund bolt on
acquisitions on an opportunistic basis.
The RCF has a springing net leverage covenant at 8.0 times, which
only will be tested if the RCF is drawn by more than 40%. Moody's
expects TCG to remain well below the covenant level if tested.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
An upward revision of the rating would likely result from (1)
adjusted EBITA margins reaching mid-teens; (2) Moody's-adjusted
leverage ratio declining well below 5.0x on a sustained basis and;
(3) material sustained positive cash flow generation as evidenced
by adj. FCF /debt in the high single digits in combination with an
excellent liquidity.
Downward pressure on the rating could occur if (1) adjusted EBITA
margins below 10% on a sustained basis; (2) Moody's-adjusted
debt/EBITDA ratio does not reduce over the next 12- 18 months to
below 5.5x; and (3) if the group's liquidity weakens as evidenced
by negative free cash flow or material debt funded acquisitions.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Manufacturing
published in September 2021.
COMPANY PROFILE
TenCate Grass Holding B.V. is a leading manufacturer, distributor
and installer of artificial turf solutions for both sports and
landscaping with reported revenues of EUR864 million end of 2021
pro forma for the acquisitions. The company operates a vertically
integrated business model along the artificial turf value chain and
has its headquarter in Nijverdal in the Netherlands and Hellas has
its headquarter in Austin, Texas in the United States. It is owned
by funds advised from the US based private equity firm Crestview
and by its senior management.
===============
P O R T U G A L
===============
HEFESTO STC: DBRS Confirms CCC Rating on Class B Notes
------------------------------------------------------
DBRS Ratings GmbH took the following rating actions on the notes
issued by Hefesto STC, S.A. (Project Guincho) (the Issuer):
-- Class A upgraded to A (sf) from BBB (high) (sf)
-- Class B confirmed at CCC (sf)
DBRS Morningstar also changed the trends on both classes of notes
to Stable from Negative.
The transaction represents the issuance of Class A, Class B, Class
J, and Class R notes (collectively, the Notes). The rating on the
Class A notes addresses the timely payment of interest and the
ultimate payment of principal while the rating on the Class B notes
addresses the ultimate payment of interest and principal. DBRS
Morningstar does not rate the Class J or Class R notes.
As of the 30 September 2018 portfolio cut-off date, the Notes were
backed by a EUR 481 million portfolio by gross book value (the
Portfolio) consisting of unsecured and secured nonperforming loans
(NPLs) originated by Banco Santander Totta S.A.
Since the transfer of the Portfolio, the secured loans held by
individuals are serviced by Whitestar Asset Solutions S.A.
(Whitestar) and the secured loans held by corporates are serviced
by HG PT, Unipessoal, Lda (HG PT; together with Whitestar, the
Special Servicers). In May 2021, Whitestar took over management of
the unsecured positions from Proteus Asset Management, Unipessoal,
Lda.
RATING RATIONALE
The upgrade and confirmation follows a review of the transaction
and are based on the following analytical considerations:
-- Transaction performance: assessment of portfolio recoveries as
of October 31, 2021, focusing on: (1) a comparison between actual
collections and the Special Servicers' initial business plan
forecast; (2) the collection performance observed over recent
months, including the period following the outbreak of the
Coronavirus Disease (COVID-19); and (3) a comparison between the
current performance and DBRS Morningstar's expectations.
-- The Special Servicers' updated business plan as of October
2021, received in January 2022, and a comparison with the initial
collection expectations.
-- Portfolio characteristics: loan pool composition as of October
2021 and the evolution of its core features since issuance.
-- Transaction liquidating structure: except for the Class R
notes, the order of priority entails a fully sequential
amortization of the Notes (i.e., the Class B notes will begin to
amortize following the full repayment of the Class A notes and the
Class J notes will amortize following the repayment of the Class B
notes). Additionally, interest payments on the Class B notes become
subordinated to principal payments on the Class A notes if the
cumulative collection ratio or the net present value cumulative
profitability ratio is lower than 90%. These triggers were not
breached on the November 2021 interest payment date, at which time
the actual figures were 128.2% and 158.1%, respectively, according
to the latest investor report.
-- Liquidity support: the transaction benefits from an amortizing
cash reserve providing liquidity to the structure, covering
potential interest shortfall on the Class A notes and senior fees.
The cash reserve, whose target amount is equal to 3.0% of the Class
A notes' principal outstanding balance, is currently fully funded.
TRANSACTION AND PERFORMANCE
According to the latest investor report from November 2021, the
outstanding principal amounts of the Class A, Class B, Class J, and
Class R notes were EUR 22.4 million, EUR 14.0 million, EUR 25.0
million, and EUR 1.2 million, respectively. As of the November 2021
payment date, the balance of the Class A notes had amortized by
approximately 73.4% since issuance and the current aggregated
transaction balance was EUR 62.6 million.
As of October 2021, the transaction was performing above the
Special Servicers' business plans expectations. The actual
cumulative gross collections equaled EUR 80.8 million whereas the
Special Servicers' initial business plan estimated cumulative gross
collections of EUR 75.1 million for the same period. Therefore, as
of October 2021, the transaction was overperforming by EUR 5.8
million (+7.7%) compared with the initial business plan
expectations.
At issuance, DBRS Morningstar estimated cumulative gross
collections for the same period of EUR 41.5 million at the BBB
(low) (sf) stressed scenario and of EUR 56.4 million at the CCC
(sf) stressed scenario. Therefore, as of October 2021, the
transaction was overperforming compared with DBRS Morningstar's
initial stressed expectations.
In January 2022, the Special Servicers provided DBRS Morningstar
with revised business plans starting from November 1, 2020. The
updated portfolio business plans, combined with the actual
cumulative gross collections of EUR 80.8 million as of October
2021, result in a total of EUR 157.0 million, which is 0.5% higher
than the total gross disposition proceeds of EUR 156.2 million
estimated in the initial business plan.
Without including actual collections, the Special Servicers'
expected collections from November 2021 were EUR 76.1 million
versus EUR 81.1 million in the initial business plans. Hence, the
Special Servicers revised their expectation for collection on the
remaining Portfolio downward. The updated DBRS Morningstar A (sf)
rating stress assumes a haircut of 58.2% to the Special Servicers'
executed business plans, considering future expected collections.
In DBRS Morningstar's CCC (sf) scenario, the Special Servicers'
forecast was only adjusted in terms of actual collections to date
as well as timing of future expected collections.
The final maturity date of the transaction is in November 2038.
DBRS Morningstar analyzed the transaction structure using Intex
DealMaker.
The Coronavirus Disease (COVID-19) and the resulting isolation
measures had caused an economic contraction, leading in some cases
to increases in unemployment rates and income reductions for many
borrowers. For this transaction, DBRS Morningstar incorporated its
expectation of a moderate medium-term decline in commercial real
estate prices.
Notes: All figures are in euros unless otherwise noted.
===========
R U S S I A
===========
[*] RUSSIA: US Treasury Weighs on Default Ahead of Debt Deadline
----------------------------------------------------------------
Daniel Flatley and Sydney Maki at Bloomberg News report that as
Russia faces another round of payments on its sovereign debt, Biden
administration officials are weighing whether forcing Moscow into
default for its invasion of Ukraine would really be the best
outcome.
Treasury Secretary Janet Yellen said on May 10 that the matter is
being "actively examined" before a crucial deadline in two weeks,
and a decision will be made shortly, Bloomberg relates.
Russia is constrained by economic sanctions over its invasion of
Ukraine and won't be able to service its foreign debt, unless the
US acts before May 25 to extend a license that permits American
banks and individuals to accept the payments, Bloomberg states.
The Treasury could grant exceptions for certain cases, Bloomberg
notes.
"We want to make sure we understand what the potential consequences
and spillovers would be of allowing the license to expire, and we
have not yet made a decision," Bloomberg quotes Ms. Yellen as
saying without elaborating on the pros and cons.
Although it's not unusual for such licenses to be extended --
Venezuela is a recent example -- Russia's situation is unique
because President Vladimir Putin's forces are engaged in active
military operations against a US ally that's being armed with
American weapons, Bloomberg discloses. Any easing of penalties on
the country could be viewed as a concession, according to Timothy
Ash, a senior strategist at Bluebay Asset Management, Bloomberg
notes.
"If they do extend the license, the market assumption will be that
the financial stranglehold on Russia has eased," Bloomberg quotes
Mr. Ash as saying. "So they've got themselves in a bit of a tangle
actually."
Some Treasury officials have argued privately that allowing Russia
to pay its debt would further drain its coffers and redirect
resources that would otherwise be spent on weapons and military
operations in Ukraine, Bloomberg relays, citing a person familiar
with the matter who discussed the internal deliberations on
condition of anonymity.
Additional concerns include limiting the impact of the sanctions on
the financial systems of the US and allies and not hurting American
investors in Russian bonds, Bloomberg stats. There's also concern
that if Russia is unable to pay its bondholders, and a default is
declared, that the country could contest its liability in any legal
proceedings that would follow, Bloomberg notes.
"Ultimately, I think that the US and its allies still see an
interest in the Russian government paying their American and global
investors, especially if it drains Russia's new assets," Rachel
Ziemba, an adjunct senior fellow at the Center for a New American
Security, as cited by Bloomberg, said. "We could see additional
restrictions on what funds Russia can use for these payments or
other tweaks, but my hunch is that a version of the general license
will be extended. This reflects a preference to allow payment for
global investors who made investments legally at the time."
Others, including Mr. Ash, counter that forcing Russia into default
would have a greater impact on its ability to sustain the Ukraine
invasion than trying to drain the assets via bond payments, which
represent a fraction of what the country takes in every day through
energy sales, Bloomberg states.
Payments due May 27 on two of Russia's foreign bonds, which mature
in 2026 and 2036, can be made in currencies other than the US
dollar, according to their covenants, so the impact of the May 25
deadline may not be felt until later in the summer if the US
doesn't extend it, Bloomberg discloses. The bonds due in 2036 are
denominated in euros.
The next sovereign transfer stipulating payment in dollars is on
June 24, when the interest on a 2028 sovereign note comes due,
Bloomberg states. Overall, Russia is staring down more than US$490
million in foreign-currency bond payments owed to creditors by the
end of June, Bloomberg notes.
Russia, Bloomberg says, has so far been able to stave off a messy
external debt default, though measures imposed against the nation
have already severely complicated payments, hindering and blocking
the movement of money.
Should Treasury extend the waiver, Russia should be able to keep
paying via its unsanctioned banks so long as it has the dollars and
other currencies available domestically, Bloomberg discloses. For
now, Moscow has plenty of cash, thanks to the billions flooding in
weekly from its sales of oil, gas and other commodities, including
to Europe, according to Bloomberg.
But if the waiver ends, and regulators in the European Union and UK
impose similar restrictions, default would be back on the table as
another important payment route is cut off, Bloomberg states.
=========
S P A I N
=========
CAJAMAR PYME 4: DBRS Finalizes CCC(low) Rating on Series B Notes
----------------------------------------------------------------
DBRS Ratings GmbH finalized the provisional ratings on the
following series of notes issued by IM BCC Cajamar PYME 4, FT (the
Issuer):
-- Series A Notes at AA (sf)
-- Series B Notes at CCC (low) (sf)
The transaction is a cash flow securitization collateralized by a
portfolio of secured and unsecured loans originated by Cajamar Caja
Rural S.C.C. (Cajamar or the Originator; rated BB (high) with a
Negative trend by DBRS Morningstar) to small and medium-size
enterprises (SME) and self-employed individuals based in Spain. As
of 16 March 2022, the transaction's final portfolio included 20,307
loans to 17,068 obligor groups, totaling EUR 900 million.
The rating of the Series A Notes addresses the timely payment of
interest and the ultimate payment of principal on or before the
legal maturity date in July 2064. The rating of the Series B Notes
addresses the ultimate payment of interest and principal on or
before the legal maturity date.
Interest and principal payments on the Notes will be made monthly,
with the first payment date on 23 May 2022. The Notes will pay a
fixed interest rate equal to 0.5% until November 22, 2023. After
that, the Notes will pay an interest rate of one-month Euribor plus
a 0.20% and 0.30% margin for the Series A and Series B notes,
respectively.
The securitized pool exhibits low borrower concentration. The
largest obligor group represents 0.5% of the portfolio balance and
the top ten and top twenty borrowers represent 3.5% and 5.4% of the
outstanding pool balance, respectively. As per DBRS Morningstar's
Industry classification, the pool exhibits a high industry
concentration in Farming/Agriculture, which represents 38.2% of the
pool balance, followed by Building and Development and Business
Equipment and Services at 11.5% and 7.7%, respectively. There is a
high concentration of borrowers in Andalusia (40.2% of the
portfolio balance), which is expected given that Andalusia is the
home region of the Originator. Additionally, 7.9% of the
outstanding balance of the portfolio corresponds to refinance
loans, which have a higher default expectation.
The Series A Notes benefit from 25.0% credit enhancement through
subordination of the Series B Notes and the presence of a reserve
fund. The Series B Notes benefit from 3.0% credit enhancement
provided by the reserve fund. The reserve fund will be funded
through a subordinated loan and is available to cover senior fees
and interest and principal on the Series A Notes and, once the
Series A Notes are fully amortized, interest and principal on the
Series B Notes. The reserve fund will not amortize during the life
of the transaction. The Series B Notes interest and principal
payments are subordinated to the Series A Notes payments.
The ratings are based on DBRS Morningstar's "Rating CLOs Backed by
Loans to European SMEs" methodology and the following analytical
considerations:
-- The probability of default (PD) for the portfolio was
determined using the historical performance information supplied.
The historical data has been provided separately for refinance
loans and "regular" loans. DBRS Morningstar adjusted the annual PD
for the loans of the portfolio that have an internal rating by
Cajamar of 1 and those loans with internal rating model for cured
loans (C) and refinance loans (R) considering an annual PD of 20.0%
for those borrowers. For the remaining portfolio, DBRS Morningstar
assumed an annual PD of 1.7% for the standard loans and an annual
PD of 3.6% for refinance loans based on the historical performance
data provided. DBRS Morningstar applied additional adjustments to
expected performance in the context of the current Coronavirus
Disease (COVID-19) pandemic.
-- The assumed weighted-average life (WAL) of the portfolio is 4.0
years.
-- The PD and WAL were used in the DBRS Morningstar Diversity
Model to generate the hurdle rates for the respective ratings.
-- The recovery rate was determined by considering the security
level, the type of collateral and, if applicable, the respective
market value decline rates for Spain. For the Series A Notes, DBRS
Morningstar applied a 62.7% recovery rate for secured loans and a
15.8% recovery rate for unsecured loans. For the Series B Notes,
DBRS Morningstar applied a 79.2% recovery rate for secured loans,
and a 21.5% recovery rate for unsecured loans.
-- The break-even rates for the interest rate stresses and default
timings were determined using the DBRS Morningstar proprietary cash
flow tool.
The transaction structure was analyzed in a proprietary Excel-based
cash flow engine, considering the default rates at which the Notes
did not return all specified cash flows.
The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an economic contraction, leading to increases
in unemployment rates and income reductions for many borrowers.
DBRS Morningstar anticipates that delinquencies may increase in the
coming months for many SME transactions, some meaningfully. The
ratings are based on additional analysis and adjustments to
expected performance as a result of the global efforts to contain
the spread of the coronavirus. For this transaction, DBRS
Morningstar increased the expected default rate for obligors in
certain industries based on their perceived exposure to the adverse
disruptions of the coronavirus.
Notes: All figures are in euros unless otherwise noted.
=====================
S W I T Z E R L A N D
=====================
GATEGROUP HOLDING: S&P Affirms 'CCC+' ICR on Traffic Recovery
-------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' issuer rating on airline
caterer gategroup Holding AG.
S&P said, "The stable outlook reflects our view that gategroup will
sustain its adequate liquidity position, that financial leverage
will remain high for the next 12 months, and that the company is
dependent upon favorable air traffic conditions to turn cash-flow
positive, restore its balance sheet, and meet its financial
commitments.
"We think the positive air traffic momentum, which resumed in the
second quarter of 2022 after the short-lived omicron-related
disruption in the first quarter, will accelerate over the summer
months and continue through the rest of the year. The omicron
variant of the coronavirus constrained passenger volumes in
first-quarter 2022, but pent-up demand should support a strong
summer season. Assuming no renewed and protracted travel
restrictions beyond those currently in place, we anticipate
European airline traffic will reach 50%-65% of 2019 levels in 2022,
70%-85% in 2023, and nearly 100% of the 2019 base by 2024. We
believe that short-haul leisure and visits to friends and relatives
will buoy domestic destinations and cross-Europe air passenger
numbers. We anticipate air travel between Europe and North America
increasing to 50%-65% of 2019 levels in 2022, after North Atlantic
destinations reopened for vaccinated travelers in November 2021. By
contrast, air travel between Europe and Asia will continue to lag
other regions because of severe mobility restrictions in major
markets, especially China and Hong Kong. We also anticipate a
delayed recovery of business and corporate traffic, typically one
of gategroup's most profitable segments. The pandemic has
accelerated work-from-home trends and the use of digital
technologies, which could have a lasting impact on demand for
corporate travel. Companies are also likely to rethink their
cost-savings efforts and support a greener agenda, which we expect
will depress demand."
Gategroup's EBITDA performance should continue to recover in 2022,
when airlines are expected to build capacity in response to
improving demand for air travel. Gategroup derives most of its
revenue from on-board catering and the sale of food and nonfood
products to air travelers, meaning that much of its earnings are
positively correlated to increasing passenger volumes. Nonetheless,
a delayed and subdued recovery of the more profitable business and
long-haul traffic (in particular on Asian routes), will constrain
the recovery of its EBITDA to pre-pandemic levels. S&P said, "We
note that during the pandemic, gategroup accelerated its expansion
into adjacent non-aviation markets in an effort to reduce its
reliance on air travel. For example, its deSter division designs
and produces sustainable food packaging. Gategroup can also
leverage its existing asset base for non-aviation related food
preparation, including direct-to-consumer. While we view this
development as revenue enhancing, it will not offset the likely
burden of the only gradual recovery in air traffic in the short
term."
S&P expects gategroup to preserve its sound liquidity profile
largely due to liquidity sources on-hand. Gategroup's available
liquidity sources will be sufficient to cover its liquidity needs
amid a continued recovery in air traffic. This assessment is
underpinned by the company's ample available cash on hand, the
undrawn portion of a liquidity line from the shareholders (Swiss
franc (CHF) 475 million), and forecast lower negative free
operating cash flow (FOCF). Gategroup is no longer subject to
financial maintenance covenants, which have been replaced by a
minimum liquidity test of EUR25 million. Its liquidity is further
supported by an absence of material debt repayments before 2026.
Gategroup's capacity to deleverage is limited in the short term and
its debt burden remains considerable, resulting in a highly
leveraged financial profile. S&P said, "We forecast that
gategroup's S&P Global Ratings-adjusted leverage (debt-to-EBITDA
ratio) will remain elevated in 2022. This is based on our base-case
EBITDA of CHF120 million-CHF150 million, which is well below 2019
levels, but up from the about CHF60 million reported in 2021 and
negative EBITDA in 2020. FOCF is unlikely to be positive in 2022,
according to our base-case scenario, because the company is likely
to require some working capital investments as business prospects
improve and may see a moderate growth in capex created by limited
spending in the past two years."
S&P said, "The stable outlook reflects our view that gategroup will
sustain its adequate liquidity position, while its financial
leverage will remain high for the next 12 months, and that the
company is dependent upon favorable air traffic conditions to turn
cash-flow positive, restore its balance sheet, and meet its
financial commitments.
"We could lower our rating if passenger demand fell short of our
expectation of an uninterrupted recovery over the rest of 2022,
hindering a recovery of gategroup's EBITDA and leading to a large
FOCF deficit and dwindling liquidity headroom. We could also lower
our rating if we considered a distressed debt restructuring or any
other specific default scenario to be likely within 12 months.
"To upgrade gategroup, we would need to be confident that air
travel demand was robust enough to enable the company to restore
its financial strength. This would include EBITDA generation
trending toward pre-pandemic levels, FOCF turning positive, and
adjusted debt to EBITDA dropping to below 10x, while the company
would also have to demonstrate a stable liquidity position."
ESG credit indicators: E-2, S-5, G-3
S&P said, "Social factors are a very negative consideration in our
credit rating analysis of gategroup, reflecting the susceptibility
of the aviation industry to health and safety disruptions.
Gategroup's cash flows and liquidity have been hit by the
pandemic-related decline in air travel, which forced the company to
restructure its debt. Gategroup derives most of its revenue from
on-board catering and directly selling food and non-food products
to passengers, meaning the vast majority of its earnings are
directly correlated to air passenger volumes. Although the
near-term traffic outlook is improving, passenger volumes will stay
below pre-pandemic levels in 2022 and 2023, according to our
base-case scenario. This will weigh on the company's EBITDA
generation and delay recovery in cash flow and leverage. Governance
factors are a moderately negative consideration. Our assessment of
gategroup's financial risk profile as highly leveraged reflects
corporate decision-making that prioritizes the interests of the
controlling owners, in line with our view of the majority of rated
entities owned by private-equity sponsors. Our assessment also
reflects the owners' generally finite holding period and their
focus on maximizing shareholder returns."
===========================
U N I T E D K I N G D O M
===========================
ATLAS FUNDING 2022-1: Moody's Assigns B1 Rating to Class X2 Notes
-----------------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to Notes
issued by Atlas Funding 2022-1 PLC:
GBP310.952M Class A Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Aaa (sf)
GBP25.607M Class B Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Aa2 (sf)
GBP14.633M Class C Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Aa3 (sf)
GBP9.145M Class D Mortgage Backed Floating Rate Notes due February
2060, Definitive Rating Assigned A2 (sf)
GBP4.572M Class E Mortgage Backed Floating Rate Notes due February
2060, Definitive Rating Assigned Baa2 (sf)
GBP5.473M Class X1 Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned Ba2 (sf)
GBP7.316M Class X2 Mortgage Backed Floating Rate Notes due
February 2060, Definitive Rating Assigned B1 (sf)
GBP0.918M Class Z1 Mortgage Backed Fixed Rate Notes due February
2060, Definitive Rating Assigned Caa3 (sf)
Moody's has not assigned a rating to the subordinated GBP5.474M
Class Z2 Mortgage Backed Fixed Rate Notes due February 2060.
RATINGS RATIONALE
The Notes are backed by a pool of United Kingdom Buy-to-Let (BTL)
mortgage loans originated by Lendco Limited. This represents the
second issuance under the Atlas label for Lendco Limited. The
transaction may include pre-funding up to a maximum of GBP 60
million, with all new assets being added to the pool, prior to the
first interest payment date.
The portfolio of assets amount to approximately GBP306 million as
of April 30, 2022 pool cutoff date. The Liquidity Reserve Fund will
be funded to 1.5% of the Classes A-E note balances at closing and
the total credit enhancement for the Class A Notes will be 16.5%.
The ratings are primarily based on the credit quality of the
portfolio, the structural features of the transaction and its legal
integrity.
According to Moody's, the transaction benefits from various credit
strengths such as a granular portfolio, an amortising liquidity
reserve sized at 1.5% of the Class A-E Note balances and a
fixed-floating swap. However, Moody's notes that the transaction
features some credit weaknesses such as an unrated servicer. This
weakness is mitigated by the inclusion of BCMGlobal Mortgage
Services Limited ("BCMGlobal") as a back-up servicer, who can
continue to service the mortgages given a 60-day notice period.
BCMGlobal also have prior experience servicing Lendco Limited's
mortgage book.
Moody's determined the portfolio lifetime expected loss of 2.0% and
Aaa MILAN credit enhancement ("MILAN CE") of 16.0% related to
borrower receivables. The expected loss captures Moody's
expectations of performance considering the current economic
outlook, while the MILAN CE captures the loss Moody's expect the
portfolio to suffer in the event of a severe recession scenario.
Expected defaults and MILAN CE are parameters used by Moody's to
calibrate its lognormal portfolio loss distribution curve and to
associate a probability with each potential future loss scenario in
the ABSROM cash flow model to rate RMBS.
Portfolio expected loss of 2.0%: This is higher than the United
Kingdom BTL RMBS sector and is based on Moody's assessment of the
lifetime loss expectation for the pool taking into account: (i) the
collateral performance of Lendco Limited's originated loans to
date, as provided by the originator and observed in previously
securitised portfolios; (ii) the borrower and regional
concentration, which is higher than the average BTL UK RMBS
transaction and (iii) the current macroeconomic environment in the
United Kingdom and the impact of future interest rate rises on the
performance of the mortgage loans.
MILAN CE of 16.0%: This is higher than the United Kingdom BTL RMBS
sector average and follows Moody's assessment of the loan-by-loan
information taking into account the following key drivers: (i) the
borrower and regional concentration, which is higher than the
average BTL UK RMBS transaction; (ii) limited seasoning of the
loans; and (iii) the weighted average current loan to value of
70.3% which is slightly higher than in comparable transactions.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
February 2022.
The analysis undertaken by Moody's at the initial assignment of
ratings for an RMBS security may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.
Factors that would lead to an upgrade or downgrade of the ratings:
Factors that would lead to an upgrade of the ratings include: (i)
significantly better than expected performance of the pool; or (ii)
a deleveraging of the capital structure.
Factors that would lead to a downgrade of the ratings include: (i)
increased counterparty risk leading to potential operational risk
of servicing interruptions; or (ii) economic conditions being worse
than forecast resulting in higher arrears and losses.
ATLAS FUNDING 2022-1: S&P Assigns B- Rating on Class X2 Notes
-------------------------------------------------------------
S&P Global Ratings assigned its credit ratings to Atlas Funding
2022-1 PLC's mortgage-backed notes.
At closing, the issuer prefunded the acquisition of an additional
portfolio of up to GBP60 million that may be purchased before and
up to the first interest payment date (IPD).
The loans in the pool were originated between 2018 and 2022 by
Lendco Ltd., a non-bank specialist lender.
The collateral comprises loans granted to experienced portfolio
landlords and professional residential property investors, none of
whom have had a county court judgement in the two years before
origination.
The transaction benefits from liquidity support provided by a
liquidity reserve fund that can be used to pay senior fees, hedging
related costs, and interest on the class A notes.
Credit enhancement for the rated notes consists of subordination
and excess spread from the closing date.
The transaction incorporates a swap to hedge the mismatch between
the notes, which pay a coupon based on compounded daily Sterling
Over Night Index Average (SONIA), and the loans, which pay a fixed
rate of interest until they revert to three-month term SONIA-based
floating rate (the expected average SONIA rate over a three-month
period).
At closing, Atlas Funding 2022-1 used the notes' proceeds to
purchase and accept the assignment of the Lendco's rights against
the borrowers in the closing portfolio and subsequently (within the
first IPD period) to purchase any additional portfolio. The
noteholders benefit from the security granted in favor of the
security trustee, BNY Mellon Corporate Trustee Services Ltd.
S&P said, "There are no rating constraints in the transaction under
our counterparty, operational risk, or structured finance sovereign
risk criteria. We consider the issuer to be bankruptcy remote in
accordance with our legal criteria."
Ratings
CLASS RATING* AMOUNT (GBP)
A AAA (sf) 310,952,000
B-Dfrd AA (sf) 25,607,000
C-Dfrd A (sf) 14,633,000
D-Dfrd BBB (sf) 9,145,000
E-Dfrd BB (sf) 4,572,000
Z1-Dfrd CCC (sf) 918,000
X1-Dfrd BB (sf) 5,473,000
X2-Dfrd B- (sf) 7,316,000
Z2 NR 5,474,000
*S&P's ratings address timely receipt of interest and ultimate
repayment of principal on the class A notes, and the ultimate
payment of interest and principal on all the other rated notes.
S&P's ratings also address timely receipt of interest on all the
rated notes other than class A notes when they become the most
senior outstanding note.
NR--Not rated.
BL CONSUMER II: DBRS Confirms CCC Rating on Class X Notes
---------------------------------------------------------
DBRS Ratings GmbH confirmed the ratings on the notes issued by BL
Consumer Issuance Platform II S.a r.l., acting in respect of its
Compartment BL Consumer Credit 2021 (the Issuer) as follows:
-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)
-- Class C Notes at A (high) (sf)
-- Class D Notes at BBB (sf)
-- Class E Notes at BB (sf)
-- Class F Notes at B (low) (sf)
-- Class X Notes at CCC (sf)
The ratings on the Class A and Class B notes address the timely
payment of interest and ultimate repayment of principal on or
before the legal final maturity date. The ratings on the Class C,
Class D, Class E, Class F, and Class X notes address the ultimate
payment of interest and principal on or before the legal final
maturity date, and the timely payment of interest while the
senior-most class outstanding.
The confirmations follow an annual review of the transaction and
are based on the following analytical considerations:
-- Portfolio performance, in terms of charge-off rates, principal
payment rates, yield rates, and delinquencies as of the February
2022 payment date;
-- Current available credit enhancement to the notes to cover the
expected losses at their respective rating levels;
-- Current economic environment and an assessment of sustainable
performance, as a result of the Coronavirus Disease (COVID-19)
pandemic; and
-- No revolving termination events have occurred.
The transaction is a securitization of revolving credit receivables
and fixed-rated instalment loans, originated and serviced by Buy
Way Personal Finance SA (Buy Way) in Belgium and Luxembourg.
The collateral portfolio consists of four main product types:
revolving credit cards, revolving loans without credit cards,
Special Drawings, and fixed-rate instalment loans. The transaction
is currently in its three-year revolving period, scheduled to end
on the March 2025 payment date, provided no early amortization
events occur. The legal final maturity date is on the September
2038 payment date.
PORTFOLIO PERFORMANCE
As of the February 2022 payment date, the monthly principal payment
rate (MPPR) on the revolving portion of the portfolio was 8.0%,
averaging 8.6% since closing. The annualized gross charge-off rate
on the revolving portion of the portfolio was 3.3%, averaging 2.2%
since closing.
As of the February 2022 payment date, cumulative defaults for
instalment loans was low at 1.5% of the total instalment loans
purchased since closing.
As of the February 2022 payment date, the annualized yield rate on
the overall portfolio was 9.7%, averaging 9.6% since closing.
As of the February 2022 payment date, receivables that were two to
three months in arrears and receivables more than three months in
arrears represented 0.1% of the outstanding receivables balance in
both cases.
PORTFOLIO ASSUMPTIONS AND KEY DRIVERS
DBRS Morningstar maintained its base case MPPR, charge-off rate,
yield rate and recovery rate assumptions on the revolving portion
of the portfolio at 6.5%, 4.4%, 11.6%, and 25%, respectively.
DBRS Morningstar maintained its base case default rate and recovery
rate assumptions on the instalment portion of the portfolio at
7.0%, and 25%, respectively.
CREDIT ENHANCEMENT
The credit enhancement (CE) to each class of notes consists of
subordination of more junior classes of notes and has been stable
since closing due to the transaction revolving period. CE to each
class of notes is as follows:
-- CE to the Class A Notes at 28.0%,
-- CE to the Class B Notes at 21.0%,
-- CE to the Class C Notes at 15.0%,
-- CE to the Class D Notes at 7.5%,
-- CE to the Class E Notes at 4.5%,
-- CE to the Class F Notes at 2.3%,
-- CE to the Class X Notes at 0.0.%.
The transaction benefits from a General Reserve that covers senior
expenses, swap payments, and interest shortfall on the Class A,
Class B, and Class C Notes, subject to certain trigger events. The
General Reserve is permitted to amortize, with the target level set
at 1.2% of outstanding balances of the Class A, Class B, and Class
C notes, subject to a floor of EUR 1.3 million. The General Reserve
is currently at its target level of EUR 3.1 million.
Citibank Europe plc, Luxembourg Branch (Citibank Luxembourg) acts
as the Issuer Account Bank for the transaction. Based on DBRS
Morningstar's private rating on the parent company of the account
bank, the downgrade provisions outlined in the transaction
documents, and other mitigating factors inherent in the transaction
structure, DBRS Morningstar considers the risk arising from the
exposure to the account bank to be consistent with the rating
assigned to the Class A Notes, as described in DBRS Morningstar's
"Legal Criteria for European Structured Finance Transactions"
methodology.
Natixis S.A. (Natixis) acts as the swap counterparty for the
transaction. DBRS Morningstar's private rating of Natixis is above
the First Rating Threshold as described in DBRS Morningstar's
"Derivative Criteria for European Structured Finance Transactions"
methodology.
DBRS Morningstar analyzed the transaction structure in Intex
DealMaker.
The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an immediate economic contraction, leading in
some cases to increases in unemployment rates and income reductions
for many borrowers. DBRS Morningstar anticipates that delinquencies
may continue to increase in the coming months for many credit card
transactions. The ratings are based on additional analysis to
expected performance as a result of the global efforts to contain
the spread of the coronavirus.
Notes: All figures are in euros unless otherwise noted.
DERBY COUNTY FOOTBALL: Kircher Says Takeover "Almost Complete"
--------------------------------------------------------------
Matt Davies and Matt Lee at DerbysyhireLive report that Chris
Kirchner's takeover of the Derby County Football Club is "almost
complete", the American businessman has said on Twitter on May 15.
According to DerbysyhireLive, Mr. Kirchner secured another
extension to his exclusivity period on Friday, May 13, which was
due to end at midnight on Saturday (May 14), but he has now been
given another 48 hours to wrap up the takeover.
The exclusivity period is a timeframe in which only one party can
complete a takeover of the club -- former Newcastle United owner
Mike Ashley is reportedly waiting in the wings in case Mr.
Kirchner's attempt fails, DerbysyhireLive states.
Derby County FC have been in administration for eight months and
Mr. Kirchner was named as the preferred bidder in April,
DerbysyhireLive notes. On the proposed takeover, the
administrators said on May 9 there are now "just a small number of
outstanding matters to be agreed with the EFL and in relation to
the club's stadium at Pride Park", DerbysyhireLive relates.
About Derby County Football Club
Founded in 1884, Derby County Football Club is a professional
association football club based in Derby, Derbyshire, England. The
club competes in the English Football League Championship (EFL, the
'Championship'), the second tier of English football. The team
gets its nickname, The Rams, to show tribute to its links with the
First Regiment of Derby Militia, which took a ram as its mascot.
Mel Morris is the owner while Wayne Rooney is the manager of the
club.
On Sept. 22, 2021, the club went into administration. The EFL
sanctioned a 12-point deduction on the club, putting the team at
the bottom of the Championship. Andrew Hosking, Carl Jackson and
Andrew Andronikou, managing directors at business advisory firm
Quantuma, had been appointed joint administrators to the club.
GRANGEMOUTH REFINERY: Trade Union Seeks Meeting with Minister
-------------------------------------------------------------
Alex Lawson at The Guardian reports that trade union bosses are
seeking an urgent meeting with Scottish first minister Nicola
Sturgeon amid uncertainty surrounding the future of the Grangemouth
oil refinery.
Grangemouth is one of just six oil refineries in Great Britain and
supplies two-thirds of the petrol and diesel for forecourts in
Scotland as well as large volumes for the north of England and
Northern Ireland.
Located at Falkirk in Scotland, it is owned by Petroineos, a joint
venture formed in 2011 between the state-owned Chinese oil giant
PetroChina and Ineos, part of the billionaire Jim Ratcliffe's
petrochemical empire.
According to The Guardian, city sources have said PetroChina is
keen to sell its stake. However, there are fears that the business
could fall into administration if a buyer is not found, The
Guardian notes.
PetroChina is responsible for most of the financing requirements at
the refinery, which made significant losses during the pandemic as
oil demand collapsed, The Guardian states. The Unite union has
asked for meetings with Sturgeon and Alister Jack, the secretary of
state for Scotland, to discuss the situation and whether the
government might need to intervene to save jobs, The Guardian
relates.
About 2,000 people are employed at the Grangemouth site including
600 within the refinery itself. Refining has taken place at
Grangemouth since 1919.
According to The Guardian, Pat Rafferty, Scottish secretary of
Unite, said the union has been informed that there is "no threat of
sale or significant restructuring". But he added: "We believe that
in light of the strategic national importance of the site to the
UK's energy needs, and in the context of reducing our exposure to
Russia, it would be diligent to assess potential scenarios that
involve changes to the Grangemouth oil refinery."
In November 2020, Grangemouth scaled back its capacity from
processing 210,000 barrels a day to 150,000, The Guardian
recounts.
Petroineos Manufacturing Scotland took a GBP44.7 million impairment
charge as a result, according to The Guardian. In its latest
accounts, losses grew to GBP89.9 million in 2020, from a loss of
GBP26.1 million in 2019, The Guardian notes.
MORTIMER BTL 2022-1: Moody's Assigns B2 Rating to GBP4.7MM X Notes
------------------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to Notes
issued by Mortimer BTL 2022-1 PLC:
GBP234.9M Class A Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Aaa (sf)
GBP16.2M Class B Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Aa3 (sf)
GBP9.5M Class C Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Aa3 (sf)
GBP4.1M Class D Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned A1 (sf)
GBP5.4M Class E Mortgage Backed Floating Rate Notes due March
2054, Definitive Rating Assigned Ba2 (sf)
GBP4.7M Class X Mortgage Backed Floating Rate Notes due March 2054
Definitive Rating Assigned B2 (sf)
RATINGS RATIONALE
The Notes are backed by a pool of prime UK buy-to-let ("BTL")
mortgage loans originated by LendInvest BTL Limited ("LendInvest",
NR). This represents the third rated RMBS issuance from
LendInvest.
The portfolio of assets amount to approximately GBP270 million as
of April 4, 2022 pool cut-off date. The Liquidity Reserve Fund will
be funded to 1.35% of the balance of Class A Notes at closing and
the subordination for the Class A Notes will be 13.0%.
The ratings are primarily based on the credit quality of the
portfolio, the structural features of the transaction and its legal
integrity.
According to Moody's, the transaction benefits from various credit
strengths such as a static structure and a relatively low
weighted-average loan-to-value ("LTV"). However, Moody's notes that
the transaction features some credit weaknesses such as an unrated
originator with a relatively short history also acting as servicer
and the absence of a balance guaranteed basis swap. Various
mitigants have been included in the transaction structure such as
an experienced contractual servicer, Pepper (UK) Limited (NR), and
a back-up servicer facilitator which is obliged to appoint a
replacement servicer if certain triggers are breached.
Moody's determined the portfolio lifetime expected loss of 1.3% and
13% MILAN Credit Enhancement ("MILAN CE") related to borrower
receivables. The expected loss captures Moody's expectations of
performance considering the current economic outlook, while the
MILAN CE captures the loss we expect the portfolio to suffer in the
event of a severe recession scenario. Expected defaults and MILAN
CE are parameters used by Moody's to calibrate its lognormal
portfolio loss distribution curve and to associate a probability
with each potential future loss scenario in the ABSROM cash flow
model to rate RMBS.
Portfolio expected loss of 1.3%: This is broadly in line with the
recent UK BTL RMBS sector average and is based on Moody's
assessment of the lifetime loss expectation for the pool taking
into account: (i) the collateral performance of LendInvest
originated loans to date, with cumulative losses of 0% during the
past 4 years; (ii) the performance of previously securitised
portfolios, with cumulative losses of 0% to date; (iii) very low
CCJs in the pool; (iv) 17.9% of the loans in the pool backed by
multifamily properties; (v) the current macroeconomic environment
in the UK and the impact of future interest rate rises on the
performance of the mortgage loans; and (vi) benchmarking with other
UK BTL transactions.
MILAN CE for this pool is 13.0%, which is in line with other UK BTL
RMBS transactions, owing to: (i) the WA current LTV for the pool of
72.8%; (ii) top 20 borrowers constituting 10.4% of the pool; (iii)
static nature of the pool; (iv) the fact that all the loans in the
pool are interest-only; (v) the share of self-employed borrowers of
11.8%, and legal entities of 75.0%; (vi) 17.9% of the loans in the
pool backed by multifamily properties; and (vii) benchmarking with
similar UK BTL transactions.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
February 2022.
The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.
Factors that would lead to an upgrade or downgrade of the ratings:
Significantly different actual losses compared with Moody's
expectations at close due to either a change in economic conditions
from Moody's central scenario forecast or idiosyncratic performance
factors would lead to rating actions. For instance, should economic
conditions be worse than forecast, the higher defaults and loss
severities resulting from a greater unemployment, worsening
household affordability and a weaker housing market could result in
a downgrade of the ratings. Deleveraging of the capital structure
or conversely a deterioration in the Notes available credit
enhancement could result in an upgrade or a downgrade of the
ratings, respectively.
NEW BEGINNINGS: Enters Liquidation Following Financial Woes
-----------------------------------------------------------
Mkfm106.3 reports that New Beginnings Bridal Boutique in Newport
Pagnell, Milton Keynes, released a statement on May 13 stating that
the store has gone into liquidation.
According to Mkfm106.3, the statement reads: "Choosing to close the
business was not a decision that came lightly. It was a very
thought out process, but ultimately we made the decision to close
with a plan in place to ensure all brides with items on order would
still receive their dresses.
"Like all business, we make a profit in order to survive. In
addition to this, the way business to business trading works is
that all items are on invoice terms. This means they only become
due for payment once we have been invoiced for them. We are only
invoiced once the items are made and available.
"The decision was made to use any profit that we had accumulated
and all balances that we had to still collect from orders we have
in store. This way, all orders would be paid for and fulfilled and
there would be no detriment to any of our customers or designers
from us closing our business.
"Sadly, as soon as we announced that we were closing, rumours began
spreading. We are fully aware of where these began and the
intentions behind them. These rumours, as they so often do,
spiralled out of control despite attempts to set the record
straight. A very unfortunate result of these rumours; however, was
that many Brides were led to believe that they would not get their
dresses nor their money which was completely untrue. This then
resulted in many people requesting full refunds, issuing
chargebacks and refusing to pay the remaining balances on their
orders.
"It became apparent at the start of this week that due to the
above; we were in a very precarious and difficult financial
situation, which we would not have been in had these rumours not
spread.
"We have not made contact during this week whilst we assessed the
situation, made attempts to rectify the situation and reviewed our
options. We did not want to provide information that would cause
more panic or provide false hope.
"Unfortunately, we have no other option than to go into
liquidation. We have sought guidance every step of the way during
this very difficult period and have done everything with the best
interests of our Brides in mind.
"We recognise and understand how stressful this situation is and
sincerely apologise for any upset caused.
"This was never our intention. We have had to take this action due
to the situation that we have been left in."
PARK HALL: Goes Into Liquidation, Owes Almost GBP1 Million
----------------------------------------------------------
Jamie Lopez at LancsLive reports that the business behind an iconic
Lancashire hotel which closed down after a failed attempt to
convert it to asylum accommodation is being wound down with debts
of almost GBP1 million.
Park Hall Hotel in Charnock Richard closed down in February at
almost no notice for staff and visitors as the then owners
attempted to strike a deal with the Government over the potential
new use, LancsLive recounts. That move left employees out of work
and almost all planned functions and weddings cancelled without
warning, LancsLive notes.
However, the plan which would have seen the rural Chorley hotel
used as temporary accommodation for people awaiting asylum
decisions and it has since only reopened once for a club night
celebrating the anniversary of Wigan Pier, LancsLive relays. Owner
Aysha King has now placed the company in liquidation in a process
being handled by Smith & Barnes Insolvency Practitioners; a company
which is also known as Affordable Liquidators, LancsLive discloses.
According to LancsLive, a first Statement of Affairs prepared by
the firm reveals that the company has no assets and debts of
GBP960,000.
This includes GBP228,000 owed to HMRC; GBP130,000 owed to Mr. King
from a director's loan; and GBP39,000 owed to former partner Best
Western, LancsLive states. A further GBP29,000 is outstanding to
Chorley Borough Council, LancsLive notes.
Several smaller, local businesses are also facing the prospect of
missing out on money for goods and services provided in the past,
LancsLive relays.
Documents submitted to Companies House confirm that the liquidator
was officially appointed on May 4, when a resolution was passed to
begin the winding up process, LancsLive discloses. According to
LancsLive, Although the business was sold to Harwinder Singh for
GBP3 million during the pandemic,
Ms. Khan remains registered as the sole director and she is listed
as chairperson in the winding up resolution.
LancsLive has previously reported that, prior to its formal
appointment, Smith & Barnes contacted potential creditors to warn
of the impending liquidation. In its letter, it stated the
company's "tangible assets and business were sold to Mr. Singh" for
GBP3 million, with the funds used to repay Goldcrest Finance Ltd
which had provided a loan for the previous purchase of the hotel in
2019, LancsLive states. According to Smith & Barnes, "this will be
reviewed by the duly appointed liquidator".
The letter went on to blame the pandemic as the cause of the
financial problems which have led to the impending collapse of the
business, LancsLive relates. According to LancsLive, it stated:
"Due to the Covid-19 pandemic, the Company was unable to trade due
to the restrictions put in place. Even when the business was able
to trade, substantial trading restrictions were still in place and
the Company was unable to trade to its full capacity, and therefore
began with cash flow problems.
"The Company secured a small bounce-back loan from the government
funding scheme which was utilised to pay the expenses of the
Company. This removed some pressure in the short term, but
unfortunately, this was not sufficient to support the Company's
cash flow and ongoing cost. "
It concluded that the company was unable to continue to pay its
debts as and when they fell due, the GBP3 million offer was made
and accepted, LancsLive states. This was used to pay the majority
of the near GBP4 million debt to Goldcrest, with the shortfall
written off, according to LancsLive.
PAVILLION POINT 2021-1A: DBRS Finalizes B Rating on 2 Tranches
--------------------------------------------------------------
DBRS Ratings Limited finalized its provisional ratings on the
following classes of notes issued by Pavillion Point of Sale
2021-1A PLC (the Issuer):
-- Class A Notes at AAA (sf)
-- Class B Notes at AA (high) (sf)
-- Class C Notes at A (high) (sf)
-- Class D Notes at BBB (high) (sf)
-- Class E Notes at BB (low) (sf)
-- Class F Notes at B (sf)
-- Class X Notes at B (sf)
DBRS Morningstar did not rate the Class Z Notes, Class R Notes,
Class S1 Certificate, Class S2 Certificate, or Class Y Certificate
also issued in this transaction.
The ratings on the Class A and Class B Notes address the timely
payment of scheduled interest and the ultimate repayment of
principal by the legal final maturity date. The ratings on the
Class C, Class D, Class E, Class F, and Class X Notes address the
ultimate payment of interest and repayment of principal by the
legal final maturity date.
The collateralized notes are backed by a portfolio of
interest-free, unsecured, amortizing point-of-sale loans granted to
private individuals domiciled in the UK and serviced by Clydesdale
Financial Services Limited (CFS, trading as Barclays Partner
Finance; the originator and servicer), an indirect wholly owned
subsidiary of Barclays PLC (Barclays).
The ratings are based on the following analytical considerations:
-- The transaction's capital structure, including form and
sufficiency of available credit enhancement;
-- Credit enhancement levels that are sufficient to support DBRS
Morningstar's projected expected net loss assumptions under various
stressed scenarios;
-- The ability of the transaction to withstand stressed cash flow
assumptions and repay investors according to the terms of the
notes;
-- The originator's capabilities with regard to originations,
underwriting, and servicing as well as the financial strength of
its parent;
-- The transaction parties' financial strength with regard to
their respective roles;
-- The credit quality of the collateral, and historical and
projected performance of the portfolio;
-- DBRS Morningstar's sovereign rating on the United Kingdom of
Great Britain and Northern Ireland, currently at AA (high) with a
Stable trend; and
-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
TRANSACTION STRUCTURE
The transaction includes an 11-month revolving period until January
2023. During the revolving period, the originator may offer
additional receivables that the Issuer will purchase, provided that
the eligibility criteria and portfolio criteria set out in the
transaction documents are satisfied. The revolving period may end
earlier than scheduled if certain events occur, such as the breach
of performance triggers, insolvency of the originator, or
replacement of the servicer.
The transaction allocates payments in separate interest and
principal priorities and benefits from a liquidity reserve, with a
target balance equal to 1.25% of the outstanding Class A and Class
B Notes' balance. The liquidity reserve can be used to cover
shortfalls in senior expenses, servicing fees, swap payments,
interest payments on the Class A Notes, Class S1 Certificate
payments, Class S2 Certificate payments, and interest payments on
the Class B Notes when interest collections are not sufficient.
Principal funds can also be reallocated to cover the above
shortfalls if the interest collections and the liquidity reserve
are insufficient.
At the end of the revolving period, the notes will be repaid on a
fully sequential basis.
COUNTERPARTIES
Barclays Bank PLC (Barclays Bank) is the account bank for the
transaction. DBRS Morningstar currently has a Long-Term Issuer
Rating of "A" and a Long Term Critical Obligations Rating of AA
(low) with Stable trends on Barclays Bank. Based on the downgrade
provisions outlined in the transaction documents and other
mitigating factors inherent in the transaction structure, DBRS
Morningstar considers the risk arising from the exposure to the
account bank to be consistent with the assigned ratings, as
described in DBRS Morningstar's "Legal Criteria for European
Structured Finance Transactions" methodology.
Barclays Bank is also the interest rate swap counterparty for the
transaction, which meets DBRS Morningstar's criteria to act in such
capacity. The transaction documents also contain downgrade
provisions that are not fully consistent with the criteria as the
replacement swap provider may not have DBRS Morningstar rating.
DBRS Morningstar analyzed the transaction structure in Intex
Dealmaker.
COVID-19 CONSIDERATIONS
The Coronavirus Disease (COVID-19) and the resulting isolation
measures have caused an immediate economic contraction, leading in
some cases to increases in unemployment rates and income reductions
for many borrowers. DBRS Morningstar anticipates that delinquencies
may continue to increase in the coming months for many asset-backed
security transactions.
ESG CONSIDERATIONS
In December 2020, the Financial Conduct Authority issued a section
166 notice and required CFS to appoint a skilled person to
undertake a review of its lending portfolio to establish whether
there was any evidence of any actual and/or potential customer harm
caused by (1) poor broker practices and inadequate affordability
processes, or (2) weaknesses in the current broker oversight
framework and affordability assessment. The unaudited analysis of
the portfolio shows that under 1% of receivables have potential
indicators of customer distress with an additional 2% still under
assessment. Under the terms of the purchase, Barclays (via its
subsidiaries) agrees to indemnify the Issuer for any purchased
receivables that are affected by remediation matters.
DBRS Morningstar considers that the legal and regulatory risk
implication from the skilled person's review is relevant under
'Transaction Governance' in DBRS Morningstar's environmental,
social, and governance (ESG) analytical framework for structured
finance transactions, but not significant enough to cause any
rating notching compared with the level implied by the cash flow
analysis.
Notes: All figures are in British pound sterling unless otherwise
noted.
SAFE HANDS: Gov't. Urged to Set Up Emergency Fund to Help Victims
-----------------------------------------------------------------
Zoe Wood at The Guardian reports that the government has been urged
to set up an emergency fund to help victims of failed funeral
companies, after a recent collapse of a firm left 46,000 people
facing losses.
In March, Safe Hands collapsed into administration, in a blow for
customers who had used it to cover their funeral costs, The
Guardian recounts.
Campaigners have warned that other firms could also fail, leaving
customers in "funeral poverty", The Guardian notes.
According to The Guardian, FRP, the restructuring firm appointed to
handle Safe Hands' administration, says the company does not have
enough money in its coffers to cover its commitments.
For the next six months, Dignity, one of the UK's biggest
undertakers, has agreed to provide funerals for Safe Hands
customers on a "not-for-profit" basis and will offer plans to
surviving customers, The Guardian discloses.
However, many are set to lose money as a result of the collapse,
The Guardian states.
The Safe Hands failure comes at a critical time for the
funeral-selling industry, which will face tough new rules from July
29, when it comes under the remit of the Financial Conduct
Authority (FCA), The Guardian relays.
Campaigners have started a petition calling on the government to
create a fund for victims of failed companies, The Guardian states.
They fear more people will find themselves in the same situation
as Safe Hands customers and are calling on the government to
"protect the victims from funeral poverty", according to The
Guardian. If the petition gathers 10,000 signatures, the
government will have to respond, The Guardian states.
FRP is still getting to the bottom of what happened to Safe Hands'
cash but its recent update painted a grim picture, The Guardian
notes.
The private equity-backed company used two fund managers to invest
customers' money, FRP says, one of which has gone into liquidation.
According to The Guardian, it has about GBP4 million in cash as
well as shares in UK-listed firms, which can be sold. However, a
significant proportion has gone into high-risk investments, often
in offshore jurisdictions, The Guardian says.
Dignity will ask customers who opt to transfer their plan to make
additional contributions, The Guardian relates. It says it will
price these new plans as "cheaply as possible", with customers
potentially able to spread the cost over five years, The Guardian
discloses.
US HOUSE: Enters Administration, Seeks Buyers for Assets
--------------------------------------------------------
Business Sale reports that the US House Group modular housing joint
venture has fallen into administration, with buyers set to be
sought for various assets.
According to Business Sale, the company, which operates a factory
in Alfreton, Derbyshire, collapsed as a result of operational
issues relating to the facility and has reported losses in recent
financial accounts.
The group is a joint venture between Urban Splash and Sekisui House
UK, the UK subsidiary of Japanese firm, with each owning 48 per
cent and the remaining 4 per cent stake owned by Homes England.
The US House Group collectively comprises seven firms: Urban Splash
House Holdings Ltd; Urban Splash House Investments Ltd; Urban
Splash House Ltd; Urban Splash Modular Ltd; Port Loop Holdings Ltd;
Port Loop Ltd and Port Loop (Subco1) Ltd.
The company is involved in a number of ongoing developments,
including the Northstowe site in Cambridge, which forms part of a
wider proposed development of 10,000 houses on Homes England land.
The US House Group has also been involved in schemes such as East
Float at Wirral Waters, New Islington in Manchester, Port Loop in
Birmingham and Grappenhall Woods in Warrington.
Formed in 2018, the group was established through Urban Splash's
acquisition of SIG's modular subsidiary, including the firm's
Derbyshire factory. In 2019, Sekisui House acquired its stake in a
deal which saw it make a GBP22 million initial investment, while
Homes England also invested GBP30 million in debt and equity
funding, Business Sale discloses.
Daniel Smith and Adrian Berry of Teneo Financial Advisory Limited
were appointed joint administrators to the companies within the
group on May 11 and will look to oversee the completion or sale of
the group's ongoing development sites, as well as exploring sale
options for the Alfreton factory, Business Sale relates.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week May 9 to May 13, 2022
----------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Gazprom PJSC Via Gaz 2.250 7/19/2022 CHF 51.760
Russian Railways Via 5.700 04/05/2022 USD 9.000
Gazprom PJSC Via Gaz 1.450 03/06/2023 CHF 25.694
Corestate Capital Ho 3.500 4/15/2023 EUR 63.875
Russian Railways Via 0.840 03/12/2026 CHF 7.445
Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 29.750
Ukraine Government I 7.750 09/01/2022 USD 56.750
Gazprom PJSC Via Gaz 3.125 11/17/2023 EUR 26.939
Gazprom PJSC Via Gaz 4.950 7/19/2022 USD 58.000
Russian Railways Via 2.100 10/02/2023 CHF 5.255
Severstal OAO Via St 3.150 9/16/2024 USD 19.500
Kernel Holding SA 6.500 10/17/2024 USD 53.201
Lukoil International 4.563 4/24/2023 USD 47.000
Gunvor Group Ltd 6.250 9/30/2026 USD 86.644
Gazprom PJSC via Gaz 3.897 EUR 18.809
Gazprom PJSC Via Gaz 5.150 02/11/2026 USD 37.500
MHP Lux SA 6.950 04/03/2026 USD 51.684
MHP SE 7.750 05/10/2024 USD 50.983
Eustream AS 1.625 6/25/2027 EUR 74.228
Lukoil Securities BV 3.875 05/06/2030 USD 36.250
Gazprom PJSC via Gaz 1.540 6/30/2027 CHF 25.997
Russian Railways Via 2.200 5/23/2027 EUR 10.000
Yandex NV 0.750 03/03/2025 USD 46.500
Lukoil International 4.750 11/02/2026 USD 42.000
Russian Railways Via 7.487 3/25/2031 GBP 15.413
ADLER Group SA 2.250 1/14/2029 EUR 75.204
Gazprom PJSC Via Gaz 4.250 04/06/2024 GBP 25.311
Gazprom PJSC via Gaz 1.500 2/17/2027 EUR 27.024
Corestate Capital Ho 1.375 11/28/2022 EUR 59.301
Gazprom PJSC Via Gaz 2.949 1/24/2024 EUR 25.000
Kernel Holding SA 6.750 10/27/2027 USD 52.843
Gazprom PJSC Via Gaz 2.500 3/21/2026 EUR 24.986
Russian Railways Via 3.125 CHF 9.251
VEON Holdings BV 3.375 11/25/2027 USD 57.149
Russian Railways Via 0.898 10/03/2025 CHF 6.090
Republic of Belarus 6.875 2/28/2023 USD 14.200
Russian Railways Via 4.600 03/06/2023 EUR 10.053
Gazprom PJSC Via Gaz 2.250 11/22/2024 EUR 32.153
Russian Foreign Bond 2.875 12/04/2025 EUR 15.242
Sberbank of Russia V 5.125 10/29/2022 USD 10.350
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 27.850
Banca Monte dei Pasc 5.375 1/18/2028 EUR 63.202
Metinvest BV 8.500 4/23/2026 USD 54.250
Lukoil International 6.656 06/07/2022 USD 69.050
Gazprom Neft OAO Via 4.375 9/19/2022 USD 21.000
Gazprom PJSC via Gaz 4.599 USD 23.000
Credit Bank of Mosco 3.100 1/21/2026 EUR 10.000
Novolipetsk Steel Vi 1.450 06/02/2026 EUR 24.993
Lukoil Capital DAC 3.600 10/26/2031 USD 36.000
Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 28.500
Ukraine Government I 6.750 6/20/2026 EUR 32.748
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 24.000
Mitsubishi UFJ Inves 3.971 12/15/2050 EUR 36.687
Credit Bank of Mosco 3.875 9/21/2026 USD 14.563
Lukoil Capital DAC 2.800 4/26/2027 USD 37.500
Gazprom PJSC via Gaz 3.000 6/29/2027 USD 25.500
MHP Lux SA 6.250 9/19/2029 USD 51.184
Ukraine Government I 7.750 09/01/2025 USD 34.265
Gazprom PJSC via Gaz 2.950 4/15/2025 EUR 24.998
Borets Finance DAC 6.000 9/17/2026 USD 29.968
NAK Naftogaz Ukraine 7.625 11/08/2026 USD 32.042
NAK Naftogaz Ukraine 7.125 7/19/2024 EUR 31.547
Credit Bank of Mosco 7.500 10/05/2027 USD 23.000
NPC Ukrenergo 6.875 11/09/2026 USD 33.395
ALROSA Finance SA 3.100 6/25/2027 USD 11.000
Gazprom PJSC Via Gaz 4.364 3/21/2025 EUR 25.000
Ukraine Government I 6.876 5/21/2029 USD 32.000
Novolipetsk Steel Vi 4.700 5/30/2026 USD 30.000
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 30.500
Metinvest BV 7.750 10/17/2029 USD 53.500
Frigoglass Finance B 6.875 02/12/2025 EUR 70.120
Moby SpA 7.750 2/15/2023 EUR 73.501
Credit Bank of Mosco 7.625 USD 6.750
ALROSA Finance SA 4.650 04/09/2024 USD 24.000
Tinkoff Bank JSC Via 6.000 USD 20.000
Phosagro OAO Via Pho 3.949 4/24/2023 USD 29.000
VTB Bank OJSC Via VT 6.950 10/17/2022 USD 89.900
Gazprom PJSC via Gaz 1.850 11/17/2028 EUR 25.000
Casino Guichard Perr 2.511 EUR 25.861
MMC Norilsk Nickel O 4.100 04/11/2023 USD 53.000
Aggregate Holdings S 6.875 11/09/2025 EUR 45.072
Polyus Finance PLC 3.250 10/14/2028 USD 28.000
VTB Bank PJSC Via VT 9.500 USD 36.561
Gazprom PJSC Via Gaz 4.950 02/06/2028 USD 26.000
MMC Norilsk Nickel O 2.550 09/11/2025 USD 46.000
Eurochem Finance DAC 5.500 3/13/2024 USD 41.500
Gazprom Neft OAO Via 6.000 11/27/2023 USD 32.809
Vnesheconombank Via 6.800 11/22/2025 USD 33.500
Credit Bank of Mosco 4.700 1/29/2025 USD 15.025
MMC Norilsk Nickel O 6.625 10/14/2022 USD 65.375
Credit Bank of Mosco 5.150 2/20/2024 EUR 14.965
VEON Holdings BV 7.250 4/26/2023 USD 70.282
MMK International Ca 4.375 6/13/2024 USD 31.000
Hellenic Republic Go 1.875 1/24/2052 EUR 70.246
State of North Rhine 1.450 1/19/2122 EUR 71.346
NGD Holdings BV 6.750 12/31/2026 USD 39.837
Banca Monte dei Pasc 10.500 7/23/2029 EUR 71.774
Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 42.250
MMC Norilsk Nickel O 2.800 10/27/2026 USD 47.500
Dtek Renewables Fina 8.500 11/12/2024 EUR 36.881
Evraz PLC 5.375 3/20/2023 USD 35.234
Alfa Bank AO Via Alf 5.950 4/15/2030 USD 10.000
Russian Foreign Bond 2.650 5/27/2036 EUR 14.377
Metinvest BV 7.750 4/23/2023 USD 43.000
Metalloinvest Financ 3.375 10/22/2028 USD 91.470
Casino Guichard Perr 3.992 EUR 43.815
VF Ukraine PAT via V 6.200 02/11/2025 USD 53.046
Ukraine Government I 8.994 02/01/2024 USD 36.815
State Agency of Road 6.250 6/24/2028 USD 32.333
Standard Profil Auto 6.250 4/30/2026 EUR 71.571
Novatek OAO Via Nova 4.422 12/13/2022 USD 40.000
Sberbank of Russia V 5.250 5/23/2023 USD 100.475
Rallye SA 4.000 2/28/2032 EUR 14.870
Delivery Hero SE 2.125 03/10/2029 EUR 66.303
Fuerstenberg Capital 5.625 EUR 65.602
Mobile Telesystems O 5.000 5/30/2023 USD 27.000
Ozon Holdings PLC 1.875 2/24/2026 USD 26.000
Ukreximbank Via Biz 9.750 1/22/2025 USD 94.400
Phosagro OAO Via Pho 3.050 1/23/2025 USD 25.000
State of North Rhine 0.950 01/10/2121 EUR 54.274
Gtlk Europe Capital 4.650 03/10/2027 USD 22.130
Metinvest BV 7.650 10/01/2027 USD 52.346
VEON Holdings BV 4.000 04/09/2025 USD 62.535
Russian Railways Via 1.195 04/03/2028 CHF 5.819
Hungary Government B 2.250 4/20/2033 HUF 65.954
Russian Foreign Bond 1.125 11/20/2027 EUR 15.141
Romanian Government 2.875 4/13/2042 EUR 70.210
Severstal OAO Via St 5.900 10/17/2022 USD 13.000
Russian Railways Via 4.375 03/01/2024 USD 20.930
Korian SA 0.875 03/06/2027 EUR 51.024
Evraz PLC 5.250 04/02/2024 USD 51.000
Metinvest BV 5.625 6/17/2025 EUR 52.463
Tinkoff Bank JSC Via 9.250 USD 100.550
Eurotorg LLC Via Bon 9.000 10/22/2025 USD 29.749
Ukraine Railways Via 8.250 07/09/2024 USD 29.250
MMC Norilsk Nickel O 3.375 10/28/2024 USD 58.750
Credit Bank of Mosco 5.550 2/14/2023 USD 99.000
Phosagro OAO Via Pho 2.600 9/16/2028 USD 24.250
Vnesheconombank Via 5.942 11/21/2023 USD 5.000
United Kingdom Gilt 0.500 10/22/2061 GBP 62.090
Slovakia Government 1.000 10/13/2051 EUR 71.239
Ekosem-Agrar AG 8.500 12/07/2022 EUR 6.539
Bank Gospodarstwa Kr 2.250 7/21/2033 PLN 63.773
Delivery Hero SE 1.000 4/30/2026 EUR 73.487
VEON Holdings BV 5.950 2/13/2023 USD 72.500
Accor SA 0.700 12/07/2027 EUR 49.473
Polyus Finance PLC 5.250 02/07/2023 USD 99.990
Borets Finance DAC 6.500 04/07/2022 USD 36.739
GTLK Europe DAC 5.125 5/31/2024 USD 22.250
Russian Agricultural 8.500 10/16/2023 USD 7.250
Russian Foreign Bond 4.500 04/04/2022 USD 23.326
Rallye SA 4.371 2/28/2032 EUR 15.015
Gtlk Europe Capital 4.349 2/27/2029 USD 16.593
Suek Securities DAC 3.375 9/15/2026 USD 15.000
Delivery Hero SE 1.500 1/15/2028 EUR 67.663
Turkiye Is Bankasi A 6.125 4/25/2024 USD 98.910
Ekosem-Agrar AG 7.500 08/01/2024 EUR 10.356
Vnesheconombank Via 6.025 07/05/2022 USD 5.000
Hacienda Investments 5.350 02/08/2028 USD 91.500
PIK Securities DAC 5.625 11/19/2026 USD 6.350
Carnival PLC 1.000 10/28/2029 EUR 70.840
NAK Naftogaz Ukraine 7.375 7/19/2022 USD 68.500
Banca Monte dei Pasc 8.000 1/22/2030 EUR 66.250
Uralkali OJSC Via Ur 4.000 10/22/2024 USD 37.000
Global Fashion Group 1.250 3/15/2028 EUR 71.878
Polyus Finance PLC 4.700 1/29/2024 USD 99.305
Gtlk Europe Capital 5.950 4/17/2025 USD 13.000
Interpipe Holdings P 8.375 5/13/2026 USD 38.109
Korian SA 1.875 EUR 38.570
Ukraine Government B 15.840 2/26/2025 UAH 55.455
ABH Financial Ltd Vi 2.700 06/11/2023 EUR 5.000
Novolipetsk Steel Vi 4.500 6/15/2023 USD 47.000
Vonovia SE 1.625 09/01/2051 EUR 68.469
Chelyabinsk Pipe Pla 4.500 9/19/2024 USD 10.000
Ukreximbank Via Biz 9.625 4/27/2022 USD 26.283
Voltalia SA 1.000 1/13/2025 EUR 29.916
Sweden Government Bo 1.375 6/23/2071 SEK 65.261
VEON Holdings BV 4.950 6/16/2024 USD 61.350
Gtlk Europe Capital 4.800 2/26/2028 USD 20.250
Credit Bank of Mosco 8.875 USD 8.750
Andrade Gutierrez In 9.500 12/30/2024 USD 61.625
Serbia International 2.050 9/23/2036 EUR 69.168
Sovcombank Via SovCo 8.000 04/07/2030 USD 100.000
Gtlk Europe Capital 4.949 2/18/2026 USD 13.000
Novolipetsk Steel Vi 4.000 9/21/2024 USD 38.000
VEON Holdings BV 3.375 11/25/2027 USD 57.185
Metro Bank PLC 5.500 6/26/2028 GBP 64.700
Rusal Capital DAC 4.850 02/01/2023 USD 30.653
Quadient SA 3.375 EUR 58.321
Rusal Capital DAC 5.300 05/03/2023 USD 40.000
VTB Bank OJSC Via VT 4.073 10/24/2024 CHF 5.000
Banca Monte dei Pasc 8.500 09/10/2030 EUR 67.884
SCF Capital Designat 3.850 4/26/2028 USD 92.779
Serbia International 1.650 03/03/2033 EUR 72.356
FIGEAC-AERO 1.125 10/18/2022 EUR 22.347
Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 21.500
Nexity SA 0.250 03/02/2025 EUR 61.829
TMK OAO Via TMK Capi 4.300 02/12/2027 USD 21.110
Home Credit & Financ 8.800 USD 5.000
Bank Gospodarstwa Kr 2.125 06/05/2030 PLN 71.288
Ukraine Railways Via 7.875 7/15/2026 USD 27.450
Royalty Pharma PLC 3.350 09/02/2051 USD 71.493
Prosus NV 3.832 02/08/2051 USD 67.968
Alfa Bank AO Via Alf 6.950 USD 11.533
Idavang A/S 7.250 11/11/2025 EUR 65.002
Sovcombank Via SovCo 3.400 1/26/2025 USD 5.197
Global Ports Finance 6.500 9/22/2023 USD 8.625
Alfa Bank AO Via Alf 5.900 USD 9.223
ABH Financial Ltd Vi 2.875 11/09/2022 CHF 4.000
Lithuania Government 0.500 7/28/2050 EUR 65.249
Air France-KLM 0.125 3/25/2026 EUR 16.098
Czech Republic Gover 1.500 4/24/2040 CZK 64.374
Mallinckrodt Interna 5.750 08/01/2022 USD 52.000
Sovcombank Via SovCo 7.600 USD 5.000
Neoen SA 2.000 06/02/2025 EUR 52.958
Haya Real Estate SA 5.250 11/15/2022 EUR 69.645
Hacienda Investments 5.075 2/15/2023 USD 12.904
Romanian Government 2.625 12/02/2040 EUR 69.609
Sibur Securities DAC 2.950 07/08/2025 USD 27.500
Russian Federal Bond 6.100 7/18/2035 RUB 73.901
Intelsat Jackson Hol 8.500 10/15/2024 USD 44.491
VEON Holdings BV 4.000 04/09/2025 USD 62.404
Sovcombank Via SovCo 7.750 USD 4.969
Sibur Securities DAC 3.450 9/23/2024 USD 26.000
Celtic Resources Hol 4.125 10/09/2024 USD 30.000
PB International BV 7.625 12/31/2025 USD 43.017
Intelsat Jackson Hol 5.500 08/01/2023 USD 42.750
Intelsat Jackson Hol 9.750 7/15/2025 USD 44.512
Rallye SA 4.000 2/28/2032 CHF 12.000
Neoen SA 1.875 10/07/2024 EUR 42.543
Lukoil Capital DAC 3.600 10/26/2031 USD 36.500
O1 Properties Financ 0.500 9/27/2028 USD 6.203
BP Capital Markets B 0.933 12/04/2040 EUR 72.701
Vonovia Finance BV 1.000 1/28/2041 EUR 67.948
BAT International Fi 2.250 09/09/2052 GBP 55.639
Cardea Europe AG 7.250 12/08/2023 EUR 68.007
Mallinckrodt Interna 4.750 4/15/2023 USD 41.250
Russian Foreign Bond 4.875 9/16/2023 USD 27.247
SCF Capital Designat 5.375 6/16/2023 USD 21.121
Karlou BV 7.750 6/18/2024 USD 17.040
Maisons du Monde SA 0.125 12/06/2023 EUR 47.017
Russian Foreign Bond 5.250 6/23/2047 USD 19.413
Russian Foreign Bond 5.100 3/28/2035 USD 15.000
Biocartis Group NV 4.000 05/09/2024 EUR 72.252
Arrival SA 3.500 12/01/2026 USD 66.011
Bank Gospodarstwa Kr 2.375 11/27/2040 PLN 52.326
State of North Rhine 0.500 1/15/2052 EUR 72.768
Pierre Et Vacances S 2.000 04/01/2023 EUR 27.763
Deutsche Bahn Financ 0.625 12/08/2050 EUR 67.276
Ukreximbank Via Biz 9.950 11/14/2029 USD 26.830
Credit Bank of Mosco 7.121 6/25/2024 USD 99.537
Prosus NV 4.027 08/03/2050 USD 71.590
State of North Rhine 1.375 1/15/2120 EUR 70.917
Czech Republic Gover 0.050 11/29/2029 CZK 71.695
Republic of Poland G 4.000 4/25/2047 PLN 69.358
Turkey Government Bo 11.000 2/24/2027 TRY 69.500
Wirecard AG 0.500 09/11/2024 EUR 12.181
Lukoil Capital DAC 2.800 4/26/2027 USD 47.500
Union Fenosa Prefere 1.173 EUR 67.420
PJSC Koks via IMH Ca 5.900 9/23/2025 USD 5.660
Lukoil Securities BV 3.875 05/06/2030 USD 36.000
Sibur Securities DAC 4.125 10/05/2023 USD 27.036
Rallye SA 3.400 2/28/2032 EUR 14.761
MHP SE 7.750 05/10/2024 USD 50.948
Rallye SA 5.250 2/28/2032 EUR 14.191
Lukoil International 6.656 06/07/2022 USD 72.000
Alfa Bank AO Via Alf 5.500 10/26/2031 USD 8.900
Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 26.000
Gazprom PJSC Via Gaz 4.950 02/06/2028 USD 41.000
Ziton A/S 7.900 10/03/2022 EUR 70.389
Senvion Holding GmbH 3.875 10/25/2022 EUR 0.286
HOCHDORF Holding AG 2.500 CHF 48.325
Luzerner Kantonalban 0.150 10/07/2044 CHF 72.293
Offshore Drilling Ho 8.375 9/20/2020 USD 5.000
Banque Cantonale de 0.100 11/01/2044 CHF 70.359
Hungary Government B 2.250 6/22/2034 HUF 63.269
DNB Bank ASA 0.954 USD 74.531
Russian Foreign Bond 4.250 6/23/2027 USD 20.000
Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 24.625
State of Rhineland-P 0.375 03/10/2051 EUR 71.499
MHP Lux SA 6.250 9/19/2029 USD 51.105
SRV Group Oyj 4.875 3/27/2025 EUR 70.585
Hungary Government B 2.000 5/23/2029 HUF 72.662
Russian Foreign Bond 5.625 04/04/2042 USD 21.951
Societe Nationale SN 0.875 2/28/2051 EUR 68.565
Suek Securities DAC 3.375 9/15/2026 USD 13.000
Nexity SA 0.875 4/19/2028 EUR 50.510
Econocom Group SA/NV 0.500 03/06/2023 EUR 8.036
PREOS Global Office 7.500 12/09/2024 EUR 63.500
State of Brandenburg 0.300 11/17/2045 EUR 71.427
Mallinckrodt Interna 5.625 10/15/2023 USD 52.500
Rallye SA 3.250 2/28/2032 CHF 15.000
Ukraine Government B 9.790 5/26/2027 UAH 48.452
Eurochem Finance DAC 5.500 3/13/2024 USD 40.000
Intu Debenture PLC 5.562 12/31/2027 GBP 41.125
Lukoil International 4.563 4/24/2023 USD 54.000
Credit Bank of Mosco 3.875 9/21/2026 USD 3.000
Paragon GmbH & Co KG 4.000 4/23/2023 CHF 25.000
Gazprom PJSC Via Gaz 4.950 7/19/2022 USD 60.500
EYEMAXX Real Estate 5.500 7/22/2025 EUR 75.000
Galapagos Holding SA 7.000 6/15/2022 EUR 4.000
Turkey Government Bo 8.000 03/12/2025 TRY 72.500
EA Partners II BV 6.750 06/01/2021 USD 0.541
Severstal OAO Via St 3.150 9/16/2024 USD 11.191
FF Group Finance Lux 1.750 07/03/2019 EUR 4.479
Travelex Financing P 8.000 5/15/2022 EUR 1.583
Linde PLC 1.000 9/30/2051 EUR 70.616
Turkey Government Bo 10.500 08/11/2027 TRY 67.000
MHP Lux SA 6.950 04/03/2026 USD 51.025
Ukraine Government I 7.253 3/15/2033 USD 32.161
NPC Ukrenergo 6.875 11/09/2026 USD 33.474
Ukraine Government I 7.750 09/01/2022 USD 57.012
Celtic Resources Hol 4.125 10/09/2024 USD 31.965
Metinvest BV 8.500 4/23/2026 USD 54.000
Haya Real Estate SA 5.125 11/15/2022 EUR 69.889
Kernel Holding SA 6.750 10/27/2027 USD 52.730
Fuerstenberg Capital 1.020 EUR 63.481
Lithuania Government 0.750 7/15/2051 EUR 71.171
Ukraine Government I 7.750 09/01/2025 USD 34.870
Wellcome Trust Ltd/T 1.500 7/14/2071 GBP 69.346
Mallinckrodt Interna 5.500 4/15/2025 USD 53.000
DOF Subsea AS 9.110 11/27/2023 NOK 36.833
Unibail-Rodamco-West 1.750 07/01/2049 EUR 72.205
Immigon Portfolioabb 5.772 EUR 10.766
Gazprom PJSC via Gaz 4.599 USD 15.000
Kernel Holding SA 6.500 10/17/2024 USD 53.741
Tinkoff Bank JSC Via 6.000 USD 10.213
VEON Holdings BV 7.250 4/26/2023 USD 69.564
Credit Bank of Mosco 4.700 1/29/2025 USD 19.250
Thomas Cook Group PL 6.250 6/15/2022 EUR 0.518
Kommunekredit 0.125 9/26/2040 EUR 73.000
Metinvest BV 7.750 10/17/2029 USD 52.500
DOF Subsea AS 9.500 4/30/2022 USD 37.457
PIK Securities DAC 5.625 11/19/2026 USD 6.350
Shell International 1.750 09/10/2052 GBP 67.251
Air Berlin PLC 8.250 4/19/2018 EUR 0.892
Gazprom Neft OAO Via 6.000 11/27/2023 USD 27.500
DNB Bank ASA 0.758 USD 74.584
State of North Rhine 0.200 1/27/2051 EUR 66.848
EA Partners I BV 6.875 9/28/2020 USD 1.000
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 42.500
Metalloinvest Financ 3.375 10/22/2028 USD 20.500
Scandinavian Airline 0.625 CHF 15.649
Societe Du Grand Par 0.700 10/15/2060 EUR 61.612
Claranova SE 5.000 07/01/2023 EUR 1.070
Allied Irish Banks P 12.500 6/25/2035 GBP 55.973
VEON Holdings BV 5.950 2/13/2023 USD 70.282
Flagship Finance PLC 1.875 7/14/2061 GBP 72.515
Hylea Group SA 7.250 12/01/2022 EUR 3.750
Nestle Finance Inter 0.375 12/03/2040 EUR 72.053
AstraZeneca PLC 2.125 08/06/2050 USD 68.966
State of Saxony-Anha 0.500 3/24/2051 EUR 74.213
Russian Foreign Bond 4.375 3/21/2029 USD 14.807
Koninklijke Luchtvaa 0.750 CHF 20.500
Lukoil International 4.750 11/02/2026 USD 40.000
Metinvest BV 7.650 10/01/2027 USD 52.390
Norddeutsche Landesb 7.490 EUR 62.757
EYEMAXX Real Estate 5.500 4/26/2023 EUR 3.985
Slovenia Government 0.688 03/03/2081 EUR 51.385
Deutsche Lichtmiete 5.750 01/01/2023 EUR 5.000
City of Kyiv Via PBR 7.500 12/15/2022 USD 35.000
Russian Foreign Bond 4.750 5/27/2026 USD 20.495
NAK Naftogaz Ukraine 7.625 11/08/2026 USD 31.644
VEON Holdings BV 4.950 6/16/2024 USD 62.987
Aggregate Holdings S 5.500 5/17/2024 EUR 49.764
Ukraine Government I 7.750 09/01/2024 USD 35.306
Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 45.000
Russian Foreign Bond 5.875 9/16/2043 USD 22.784
Rickmers Holding AG 8.875 06/11/2018 EUR 0.810
Hellenic Bank PCL 10.000 EUR 57.019
BAT International Fi 2.000 3/13/2045 EUR 67.990
Deutsche Wohnen SE 1.300 04/07/2041 EUR 71.481
Ukraine Government I 6.876 5/21/2029 USD 32.380
City of Lugano Switz 0.150 11/28/2070 CHF 53.281
Russian Foreign Bond 2.875 12/04/2025 EUR 15.191
Polski Koncern Nafto 2.875 3/25/2031 PLN 70.539
ALROSA Finance SA 4.650 04/09/2024 USD 20.000
Borets Finance DAC 6.000 9/17/2026 USD 22.635
National Grid Gas PL 1.625 1/14/2043 GBP 68.455
Dexia Credit Local S 1.206 EUR 2.906
VTB Bank OJSC Via VT 6.950 10/17/2022 USD 7.515
OGX Austria GmbH 8.375 04/01/2022 USD 0.003
Genfit 3.500 10/16/2025 EUR 25.028
European Financial S 0.050 1/18/2052 EUR 62.348
Autonomous Community 2.965 09/08/2039 JPY 67.257
MMK International Ca 4.375 6/13/2024 USD 25.000
Eurotorg LLC Via Bon 9.000 10/22/2025 USD 29.000
Sberbank of Russia V 5.125 10/29/2022 USD 100.375
Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 93.000
Pentracor GmbH 8.500 5/29/2025 EUR 14.700
Phosagro OAO Via Pho 2.600 9/16/2028 USD 19.500
Air Berlin PLC 6.750 05/09/2019 EUR 0.415
Metinvest BV 7.750 4/23/2023 USD 52.020
Lehman Brothers UK C 5.125 EUR 35.000
FF Group Finance Lux 3.250 11/02/2021 CHF 6.705
Clarion Funding PLC 1.875 09/07/2051 GBP 73.826
Banco Espirito Santo 7.125 11/28/2023 EUR 0.523
Cooperatieve Raboban 0.010 11/27/2040 EUR 70.652
Societe Nationale SN 1.000 1/19/2061 EUR 63.004
BAT International Fi 4.000 11/23/2055 GBP 72.528
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 24.500
Evraz PLC 5.250 04/02/2024 USD 61.050
Officine Maccaferri- 5.750 06/01/2021 EUR 16.959
City of Lausanne Swi 0.050 9/28/2054 CHF 61.630
VF Ukraine PAT via V 6.200 02/11/2025 USD 50.119
University College L 1.625 06/04/2061 GBP 75.378
Republic of Belarus 6.378 2/24/2031 USD 12.625
Novolipetsk Steel Vi 4.700 5/30/2026 USD 35.000
Gazprom PJSC Via Gaz 5.150 02/11/2026 USD 24.667
Alno AG 8.500 5/14/2018 EUR 17.864
Societe Du Grand Par 1.000 2/18/2070 EUR 64.082
Cie Generale des Eta 0.625 11/02/2040 EUR 72.227
Ukreximbank Via Biz 9.625 4/27/2022 USD 26.283
Mallinckrodt Interna 5.750 08/01/2022 USD 48.250
Land Berlin 0.050 08/06/2040 EUR 72.737
Rallye SA 1.000 2/28/2032 EUR 15.731
Land Baden-Wuerttemb 0.125 11/19/2040 EUR 73.977
ALROSA Finance SA 3.100 6/25/2027 USD 88.500
Ukreximbank Via Biz 7.623 02/09/2023 USD 31.731
Senivita Social Esta 4.000 05/12/2025 EUR 5.120
Caisse Francaise de 0.500 10/01/2046 EUR 74.427
Interpipe Holdings P 8.375 5/13/2026 USD 36.467
Ukraine Government B 10.000 8/23/2023 UAH 69.318
Republic of Belarus 6.200 2/28/2030 USD 12.750
Barclays Bank PLC 0.500 1/28/2033 MXN 32.137
Ukraine Government B 9.990 5/22/2024 UAH 55.440
Ukraine Government B 3.700 4/27/2023 USD 51.431
Uralkali OJSC Via Ur 4.000 10/22/2024 USD 20.767
Hamon & CIE SA 3.300 1/31/2035 EUR 46.000
Stichting Afwikkelin 11.250 EUR 0.622
Credit Bank of Mosco 3.100 1/21/2026 EUR 13.513
Debenhams PLC 5.250 7/15/2021 GBP 0.500
TenneT Holding BV 0.500 11/30/2040 EUR 71.292
Hellenic Republic Go 2.085 7/25/2057 EUR 37.993
Hyde Housing Associa 1.750 8/18/2055 GBP 70.226
EYEMAXX Real Estate 5.500 9/24/2024 EUR 4.013
Avangardco Investmen 10.000 10/29/2018 USD 0.348
Havila Shipping ASA 5.920 01/02/2025 NOK 32.247
Deutsche Lichtmiete 5.250 02/01/2027 EUR 10.509
Gazprom Neft OAO Via 4.375 9/19/2022 USD 31.102
Vnesheconombank Via 6.800 11/22/2025 USD 5.000
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 24.667
Ukraine Government I 7.750 09/01/2026 USD 34.481
Portugal Telecom Int 6.250 7/26/2016 EUR 0.285
Yuksel Insaat AS 9.500 11/10/2015 USD 0.100
Deutsche Lichtmiete 5.250 09/01/2025 EUR 11.500
Mitsubishi UFJ Inves 3.802 12/30/2099 EUR 5.100
Privatbank CJSC Via 10.250 1/23/2018 USD 4.000
MMC Norilsk Nickel O 2.800 10/27/2026 USD 50.000
Ukreximbank Via Biz 9.750 1/22/2025 USD 41.178
Ukraine Government I 15.840 2/26/2025 UAH 55.455
Alfa Bank AO Via Alf 5.950 4/15/2030 USD 10.000
State of Bremen 0.400 8/20/2049 EUR 72.041
Severstal OAO Via St 5.900 10/17/2022 USD 31.000
Sberbank of Russia V 5.250 5/23/2023 USD 12.091
City of Lausanne Swi 0.540 11/06/2062 CHF 69.284
Hellas Telecommunica 6.054 1/15/2015 USD 0.001
Novatek OAO Via Nova 4.422 12/13/2022 USD 21.125
VTB Bank OJSC Via VT 6.250 6/30/2035 USD 22.000
Prosus NV 4.027 08/03/2050 USD 71.444
Nordiska Kreditmarkn 8.816 SEK 72.108
Gazprom PJSC Via Gaz 3.125 11/17/2023 EUR 26.939
Northern Powergrid N 1.875 6/16/2062 GBP 71.050
City of Bern Switzer 0.040 10/02/2070 CHF 54.070
ESFIL-Espirito Santo 5.250 06/12/2015 EUR 0.111
State of North Rhine 0.375 09/02/2050 EUR 71.090
Republic of Belarus 5.875 2/24/2026 USD 13.000
Credit Bank of Mosco 7.625 USD 17.750
Swissgrid AG 0.050 6/30/2050 CHF 62.655
Deutsche Lichtmiete 5.750 12/01/2023 EUR 10.000
Lehman Brothers UK C 5.750 EUR 7.000
Ukraine Government I 9.750 11/01/2028 USD 34.224
Andrade Gutierrez In 11.000 8/20/2021 USD 57.257
Bourbon Corp 8.305 EUR 0.544
Landwirtschaftliche 0.010 11/26/2040 EUR 73.012
Banca Popolare di Vi 9.500 9/29/2025 EUR 0.049
Sovcombank Via SovCo 7.600 USD 5.000
Gazprom PJSC via Gaz 3.897 EUR 18.809
Ukraine Government I 7.375 9/25/2032 USD 31.875
MMC Norilsk Nickel O 6.625 10/14/2022 USD 102.620
Lehman Brothers UK C 3.875 EUR 35.000
Phosagro OAO Via Pho 3.949 4/24/2023 USD 28.329
VTB Bank PJSC 5.000 USD 58.580
Ukraine Government B 11.670 11/22/2023 UAH 64.886
Alfa Bank AO Via Alf 5.900 USD 9.223
Global Ports Finance 6.500 9/22/2023 USD 10.000
Novolipetsk Steel Vi 1.450 06/02/2026 EUR 27.000
Land Thueringen 0.375 12/01/2051 EUR 71.050
Stichting Afwikkelin 6.250 10/26/2020 EUR 5.375
Basque Government 1.375 10/31/2070 EUR 58.642
Phosagro OAO Via Pho 3.050 1/23/2025 USD 22.500
Turkey Government In 5.750 05/11/2047 USD 72.588
Romanian Government 2.875 4/13/2042 EUR 70.280
Polyus Finance PLC 5.250 02/07/2023 USD 24.143
Muenchener Hypotheke 0.010 10/19/2039 EUR 72.280
UK Municipal Bonds A 1.625 8/26/2060 GBP 75.105
Ukraine Government B 11.000 6/21/2023 UAH 71.439
Ghelamco Invest 4.500 5/23/2022 EUR 40.010
Ukraine Government I 7.750 09/01/2023 USD 42.217
Republic of Poland G 1.750 4/25/2032 PLN 66.950
Credit Bank of Mosco 7.500 10/05/2027 USD 5.893
Thomas Cook Finance 3.875 7/15/2023 EUR 0.548
Region Wallonne Belg 0.650 1/16/2051 EUR 67.228
RTE Reseau de Transp 1.125 09/09/2049 EUR 73.434
Gazprom PJSC via Gaz 1.500 2/17/2027 EUR 27.024
Virgolino de Oliveir 10.500 1/28/2018 USD 0.010
OGX Austria GmbH 8.500 06/01/2018 USD 0.002
State Agency of Road 6.250 6/24/2028 USD 23.080
Banco Espirito Santo 2.223 EUR 0.120
Prosus NV 3.832 02/08/2051 USD 68.803
Polyus Finance PLC 3.250 10/14/2028 USD 28.050
VPV Lebensversicheru 3.477 8/17/2026 EUR 64.812
UkrLandFarming PLC 10.875 3/26/2018 USD 1.522
Hacienda Investments 5.350 02/08/2028 USD 10.024
Evraz PLC 5.375 3/20/2023 USD 60.050
Tresu Investment Hol 5.000 01/02/2025 EUR 48.800
Agrokor dd 9.875 05/01/2019 EUR 15.000
Ukraine Government I 4.375 1/27/2030 EUR 32.496
Verimatrix SA 6.000 6/29/2022 EUR 3.829
Ukraine Government B 10.950 11/01/2023 UAH 69.763
Republic of Ireland 0.995 2/24/2121 EUR 69.107
Virgolino de Oliveir 11.750 02/09/2022 USD 0.500
VTB Bank PJSC 3.750 EUR
Single Platform Inve 0.695 6/25/2039 EUR 73.664
Sovcombank Via SovCo 7.750 USD 4.969
MMC Norilsk Nickel O 4.100 04/11/2023 USD 52.115
Region de Bruxelles- 1.121 05/11/2071 EUR 66.936
Norske Skogindustrie 7.000 12/30/2026 EUR 0.010
Barclays Bank PLC 0.348 5/30/2034 USD 64.607
LSF9 Balta Issuer SA 3.000 12/31/2030 EUR 69.935
Virgolino de Oliveir 10.500 1/28/2018 USD 0.455
Tennor Finance BV 5.750 6/17/2024 EUR 75.000
Ukraine Government I 7.750 09/01/2027 USD 34.339
Alfa Bank AO Via Alf 5.500 10/26/2031 USD 8.900
MMC Norilsk Nickel O 3.375 10/28/2024 USD 50.000
Platform HG Financin 1.625 08/10/2055 GBP 70.092
EOS Imaging SA 6.000 5/31/2023 EUR 7.250
Sovcombank Via SovCo 3.400 1/26/2025 USD 5.197
New World Resources 8.000 04/07/2020 EUR 0.001
Alitalia-Societa Aer 5.250 7/30/2020 EUR 0.100
Land Berlin 0.350 09/09/2050 EUR 70.774
Fuerstenberg Capital 1.609 EUR 61.493
KTG Agrar SE 7.125 06/06/2017 EUR 1.869
Green City Energy Kr 4.000 12/30/2026 EUR 12.100
Barclays Bank PLC 2.468 11/01/2031 USD 70.729
Transcapitalbank JSC 10.000 USD 65.354
Ukraine Government I 12.520 5/13/2026 UAH 41.993
Norwegian Air Shuttl 5.000 02/07/2023 SEK 41.500
SCF Capital Designat 5.375 6/16/2023 USD 21.121
Deutsche Bank AG/Lon 1.625 10/31/2034 USD 67.727
Ukraine Government I 15.840 2/26/2025 UAH 55.455
SAS AB 5.854 SEK 27.199
Barclays Bank PLC 12.000 9/24/2025 TRY 56.192
Mallinckrodt Interna 5.500 4/15/2025 USD 53.000
BPCE SA 2.255 03/12/2040 AUD 65.557
WD Invest Sarl 1.900 10/02/2024 EUR 11.576
State of Saarland 0.050 11/05/2040 EUR 72.685
Societe Centrale des 2.500 5/15/2023 EUR 6.970
Saleza AS 9.000 07/12/2021 EUR 0.203
Cirio Finance Luxemb 7.500 11/03/2002 EUR 1.426
Elli Finance UK PLC 8.750 6/15/2019 GBP 65.125
State of Bremen 0.450 2/24/2051 EUR 72.550
Espirito Santo Finan 3.125 12/02/2018 EUR 0.290
Societe Generale SA 10.000 10/01/2036 USD 75.250
Borets Finance DAC 6.500 04/07/2022 USD 36.739
Region Wallonne Belg 1.250 6/22/2071 EUR 68.401
Russian Federal Bond 0.250 7/20/2044 RUB 50.500
Civitas Properties F 4.000 11/24/2022 EUR 65.000
Barclays Bank PLC 1.139 1/27/2031 USD 72.372
MMC Norilsk Nickel O 2.550 09/11/2025 USD 44.737
Espirito Santo Finan 9.750 12/19/2025 EUR 0.290
MFB Magyar Fejleszte 2.900 10/22/2031 HUF 70.632
Sovcombank Via SovCo 8.000 04/07/2030 USD 5.000
Veneto Banca SpA 9.878 12/01/2025 EUR 0.571
VTB Bank PJSC Via VT 9.500 USD 8.086
Canton of Neuchatel 0.100 10/29/2049 CHF 66.571
Land Berlin 0.125 11/24/2045 EUR 69.192
Cirio Holding Luxemb 6.250 2/16/2004 EUR 0.723
Metinvest BV 5.625 6/17/2025 EUR 52.484
Mobile Telesystems O 5.000 5/30/2023 USD 23.452
EDOB Abwicklungs AG 7.500 04/01/2012 EUR 2.789
Spain Government Bon 1.000 10/31/2050 EUR 71.603
Solarworld AG 9.691 2/24/2019 EUR 20.875
Jain International T 7.125 3/31/2026 USD 28.000
VTB Bank PJSC 4.763 USD 58.120
Praktiker AG 5.875 02/10/2016 EUR 0.069
Privatbank CJSC Via 11.000 02/09/2021 USD 1.000
Muenchener Hypotheke 0.010 11/02/2040 EUR 71.112
Societe Generale SA 11.000 10/30/2036 USD 73.500
Corporate Commercial 8.250 08/08/2014 USD 0.308
Solon SE 1.375 12/06/2012 EUR 0.745
Gazprom PJSC via Gaz 1.850 11/17/2028 EUR 27.562
Land Thueringen 0.125 1/13/2051 EUR 65.536
Banco Santander SA 1.909 EUR 1.663
Ukraine Government I 8.994 02/01/2024 USD 37.131
Jain International T 7.125 02/01/2022 USD 22.424
Ukraine Government I 6.750 6/20/2026 EUR 32.851
Banco Espirito Santo 6.875 7/15/2016 EUR 24.500
Russian Foreign Bond 5.250 6/23/2047 USD 17.625
Offshore Drilling Ho 8.375 9/20/2020 USD 5.000
Frigoglass Finance B 6.875 02/12/2025 EUR 70.218
Credit Bank of Mosco 5.550 2/14/2023 USD 16.968
La Veggia Finance SA 7.125 11/14/2004 EUR 0.287
Barclays Bank PLC 2.328 11/29/2030 USD 70.706
Chelyabinsk Pipe Pla 4.500 9/19/2024 USD 10.000
niiio finance group 4.000 5/31/2026 EUR 75.000
LBI ehf 6.100 8/25/2011 USD 10.709
Cooperatieve Raboban 0.500 10/30/2043 MXN 13.302
Andrade Gutierrez In 9.500 12/30/2024 USD 61.375
Republic of Belarus 7.625 6/29/2027 USD 12.088
Intelsat Jackson Hol 8.500 10/15/2024 USD 44.491
Espirito Santo Finan 6.875 10/21/2019 EUR 0.244
Cirio Finanziaria Sp 8.000 12/21/2005 EUR 0.750
Landesbank Hessen-Th 1.650 5/27/2030 EUR 1.095
Novolipetsk Steel Vi 4.500 6/15/2023 USD 35.758
Vnesheconombank Via 6.025 07/05/2022 USD 5.132
Ville de Paris 0.450 10/20/2045 EUR 71.588
New World Resources 4.000 10/07/2020 EUR 0.376
Air Berlin PLC 5.625 05/09/2019 CHF 0.678
Havila Shipping ASA 5.170 01/02/2025 NOK 40.000
de Volksbank NV 0.125 11/19/2040 EUR 72.711
Mallinckrodt Interna 5.625 10/15/2023 USD 52.323
RUSNANO AO 6.750 12/12/2023 RUB 68.900
Quintet Private Bank 3.650 11/13/2023 EUR 51.300
State of Lower Austr 0.460 10/08/2049 EUR 70.445
Dexia SA 1.230 EUR 3.125
BPCE SA 1.703 EUR 65.898
Hema Bondco II BV 8.500 1/15/2023 EUR 0.113
German Pellets GmbH 7.250 07/09/2018 EUR 1.879
Land Berlin 0.100 1/18/2041 EUR 73.163
Bank Vontobel AG 15.000 11/07/2022 EUR 50.200
Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 26.763
Norske Skogindustrie 2.000 12/30/2115 EUR 0.113
Banca Popolare di Vi 2.821 12/20/2017 EUR 0.100
Sairgroup Finance BV 4.375 06/08/2006 EUR 1.568
WPE International Co 10.375 9/30/2020 USD 5.000
Standard Profil Auto 6.250 4/30/2026 EUR 71.414
Free and Hanseatic C 0.200 09/03/2049 EUR 67.866
Polski Fundusz Rozwo 2.000 03/05/2030 PLN 70.306
Region de Bruxelles- 0.765 7/15/2052 EUR 69.618
German Pellets GmbH 7.250 11/27/2019 EUR 1.879
Rusal Capital DAC 5.300 05/03/2023 USD 40.000
Alpine Holding GmbH 6.000 5/22/2017 EUR 3.084
Nationale-Nederlande 0.050 11/12/2040 EUR 73.122
Sidetur Finance BV 10.000 4/20/2016 USD 0.770
Region Wallonne Belg 1.225 09/02/2120 EUR 57.652
Ukraine Government I 9.790 5/26/2027 UAH 48.452
Bilt Paper BV 10.360 USD 1.345
Rhaetische Bahn Stam 0.050 08/03/2050 CHF 67.757
Transports Publics D 0.450 12/29/2056 CHF 66.307
Enertronica Santerno 7.000 12/31/2022 EUR 69.000
Finmek International 7.000 12/03/2004 EUR 2.193
State of Lower Austr 1.000 9/15/2121 EUR 66.969
Polyus Finance PLC 4.700 1/29/2024 USD 26.665
City of Zurich Switz 0.250 11/24/2051 CHF 72.238
Ukraine Government I 11.670 11/22/2023 UAH 64.886
Novolipetsk Steel Vi 4.000 9/21/2024 USD 30.521
OGX Austria GmbH 8.375 04/01/2022 USD 0.002
Lehman Brothers UK C 6.900 USD 3.986
Midland Heart Capita 1.831 08/12/2050 GBP 74.800
CBo Territoria 3.750 07/01/2024 EUR 4.700
Joh Friedrich Behren 6.250 6/18/2024 EUR 28.812
Vnesheconombank Via 5.942 11/21/2023 USD 5.000
Ukraine Government I 12.520 5/13/2026 UAH 41.993
Kairos Global Soluti 1.900 07/03/2035 USD 69.704
Dolphin Drilling ASA 4.490 8/28/2019 NOK 0.644
Banco Espirito Santo 6.900 6/28/2024 EUR 24.500
Russian Railways JSC 7.850 07/10/2028 RUB 68.620
Windreich GmbH 6.500 7/15/2016 EUR 4.475
Free and Hanseatic C 0.400 11/23/2051 EUR 71.297
Dtek Renewables Fina 8.500 11/12/2024 EUR 36.881
Cooperatieve Raboban 0.500 7/30/2043 MXN 13.535
State Savings Bank o 7.293 1/19/2024 USD 26.460
Andrade Gutierrez In 11.000 8/20/2021 USD 57.257
AK BARS Bank Via AK 8.000 7/13/2022 USD 24.745
Russian Foreign Bond 5.625 04/04/2042 USD 22.131
Ukraine Government B 12.520 5/13/2026 UAH 41.993
Kommunekredit 0.869 11/12/2043 SEK 68.490
KTG Agrar SE 7.250 10/15/2019 EUR 1.869
Sibur Securities DAC 4.125 10/05/2023 USD 27.036
SAir Group 5.500 7/23/2003 CHF 12.625
Golfino AG 8.000 11/18/2023 EUR 0.020
Kommunekredit 0.869 11/12/2043 SEK 68.059
State of Brandenburg 0.125 1/26/2046 EUR 69.147
CB First Investment 8.000 EUR 71.610
Turkiye Is Bankasi A 6.125 4/25/2024 USD 99.240
Russian Agricultural 8.500 10/16/2023 USD 5.026
Rusal Capital DAC 4.850 02/01/2023 USD 30.653
Lloyds Bank PLC 0.256 9/29/2034 USD 69.145
CRC Breeze Finance S 6.110 05/08/2026 EUR 31.525
Communaute Francaise 0.788 8/30/2049 EUR 68.773
Cirio Del Monte NV 7.750 3/14/2005 EUR 0.355
Agrokor dd 9.125 02/01/2020 EUR 15.000
Assistance Publique 1.099 04/06/2071 EUR 66.427
Canton of Neuchatel 0.350 7/14/2050 CHF 71.791
Bank Nadra Via NDR F 8.250 7/31/2018 USD 0.208
State of Brandenburg 0.050 08/10/2040 EUR 72.754
Home Credit & Financ 8.000 06/01/2026 RUB 76.010
Takarek Mortgage Ban 3.000 10/22/2031 HUF 68.700
Romanian Government 3.375 1/28/2050 EUR 71.114
Assistance Publique 0.791 8/27/2051 EUR 70.834
Barclays Bank PLC 1.444 10/30/2034 USD 66.408
Stichting Afwikkelin 6.625 5/14/2018 EUR 5.375
Virgolino de Oliveir 10.875 1/13/2020 USD 36.000
Region Wallonne Belg 1.246 05/12/2070 EUR 67.180
Credit Suisse AG 0.500 12/16/2025 BRL 64.838
Region de Bruxelles- 1.100 6/22/2066 EUR 68.079
BPCE SA 2.450 2/24/2035 AUD 73.871
Pfandbriefzentrale d 0.050 10/06/2043 CHF 72.791
Grupo Isolux Corsan 1.000 12/30/2021 EUR 0.100
UBS AG/London 13.250 05/04/2022 USD 28.100
Sibur Holding PAO 1.500 10/01/2032 USD 26.000
Credit Bank of Mosco 8.875 USD 5.321
PJSC Koks via IMH Ca 5.900 9/23/2025 USD 5.660
City of Lausanne Swi 0.230 11/01/2060 CHF 61.560
Waste Italia SpA 10.500 11/15/2019 EUR 0.550
Kommunekredit 0.500 7/30/2027 TRY 20.201
BPCE SA 2.285 12/03/2035 AUD 70.970
Cattles Ltd 8.125 07/05/2017 GBP 0.027
Barclays Bank PLC 5.000 11/01/2029 BRL 62.782
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.500
V-Bank AG 4.000 EUR 62.808
BASF SE 1.025 8/13/2048 JPY 71.715
Deutsche Bank AG 0.687 10/11/2049 EUR 55.193
Kingdom of Belgium G 0.459 7/23/2079 EUR 49.689
Serbia International 2.050 9/23/2036 EUR 69.199
NTRP Via Interpipe L 10.250 08/02/2017 USD 29.088
Erotik-Abwicklungsge 7.750 07/09/2019 EUR 0.779
Hellas Telecommunica 8.500 10/15/2013 EUR 0.834
Batigere Grand Est S 1.500 12/15/2051 EUR 70.355
Basque Government 1.000 10/31/2050 EUR 66.544
VTB Bank OJSC Via VT 6.250 6/30/2035 USD 22.000
Sberbank of Russia P 7.000 03/11/2031 RUB 70.000
Bank Julius Baer & C 13.250 01/05/2023 USD 45.700
Single Platform Inve 0.656 9/20/2050 EUR 64.372
Phosphorus Holdco PL 10.000 04/01/2019 GBP 1.500
Banco Espirito Santo 2.403 EUR 0.254
Haya Real Estate SA 5.250 11/15/2022 EUR 69.708
Republic of Ireland 1.230 6/23/2121 EUR 72.610
Barclays Bank PLC 1.092 7/28/2034 USD 64.336
Privatbank CJSC Via 10.875 2/28/2018 USD 8.000
Lloyds Bank PLC 0.444 7/29/2033 USD 65.475
Bayer Construct Epit 3.700 10/21/2031 HUF
Societe Nationale SN 1.280 3/27/2120 EUR 55.832
Turkey Government Bo 1.500 10/09/2024 TRY
VTB Bank PJSC 3.750 EUR 56.000
Ukraine Government B 3.700 12/22/2022 USD 68.002
VTB Bank PJSC 7.600 04/02/2031 RUB 62.000
Stichting Afwikkelin 2.275 EUR 0.622
A-TEC Industries AG 8.750 10/27/2014 EUR 0.100
Sibur Securities DAC 2.950 07/08/2025 USD 27.454
J&T Energy Financing 4.250 2/18/2027 EUR 76.358
Irish Bank Resolutio 0.566 6/21/2016 EUR 0.500
Norwegian Air Shuttl 6.375 11/15/2024 USD 46.912
Russian Post FGUP 5.070 11/17/2023 RUB 60.090
BOA Offshore AS 0.409 7/17/2047 NOK 5.256
Agrokor dd Via Aquar 4.921 08/08/2017 EUR 14.625
Infogroup Holding Kf 3.000 5/20/2031 HUF 65.350
Moby SpA 7.750 2/15/2023 EUR 73.501
State of Brandenburg 0.300 10/04/2049 EUR 70.086
Muenchener Hypotheke 0.250 10/31/2044 CHF 73.117
Green City Energy Kr 5.000 12/31/2036 EUR 12.100
SiC Processing GmbH 7.125 03/01/2016 EUR 1.449
Ukraine Government I 11.670 11/22/2023 UAH 64.886
Orient Express Bank 2.000 USD 19.964
Serbia International 1.650 03/03/2033 EUR 72.261
Resa SA/Belgium 1.950 7/22/2036 EUR 50.010
Kingdom of Belgium G 1.170 05/12/2121 EUR 67.133
Alno AG 8.000 3/21/2019 EUR 15.000
Free and Hanseatic C 0.300 9/16/2050 EUR 69.504
Russian Foreign Bond 5.875 9/16/2043 USD 22.460
Region Wallonne Belg 1.000 9/16/2059 EUR 67.473
BPCE SA 2.550 06/09/2035 AUD 74.232
Steilmann SE 7.000 9/23/2018 EUR 1.429
Caisse des Depots et 0.398 12/15/2050 EUR 71.135
Romanian Government 2.625 12/02/2040 EUR 69.869
SCF Capital Designat 3.850 4/26/2028 USD 15.114
Bulgaria Steel Finan 12.000 05/04/2013 EUR 0.216
Credit Agricole SA 3.000 1/28/2041 AUD 65.333
Barclays Bank PLC 1.072 12/30/2030 USD 72.051
Ukraine Government I 10.000 8/23/2023 UAH 69.318
NRW Bank 0.106 8/17/2050 EUR 67.539
VIS Finance LLC 9.150 3/22/2024 RUB 71.800
OR PJSC 12.000 9/22/2022 RUB 18.700
Del Monte Finance Lu 6.625 5/24/2006 EUR 4.335
LP Portfolio Vagyonk 3.400 9/23/2031 HUF 60.000
Ukraine Government I 7.750 09/01/2027 USD 34.249
MOL Hungarian Oil & 1.900 04/12/2031 HUF 61.700
Steilmann SE 7.000 03/09/2017 EUR 1.429
Russian Foreign Bond 1.850 11/20/2032 EUR 15.093
Societe Du Grand Par 0.576 10/29/2052 EUR 67.123
Republic of Ireland 1.320 11/28/2119 EUR 61.265
Deutsche Bank AG 1.725 1/16/2045 EUR 63.078
SNCF Reseau 1.425 8/14/2119 EUR 66.025
Russian Foreign Bond 4.875 9/16/2023 USD 26.319
DZ Bank AG Deutsche 0.550 4/29/2024 EUR 42.126
Ville de Paris 0.831 2/23/2056 EUR 69.708
Romanian Government 3.375 1/28/2050 EUR 71.135
Credit Suisse Intern 9.500 3/24/2026 UAH 63.550
Ahtium PLC 4.000 12/16/2015 EUR 0.586
Region de Bruxelles- 0.592 12/10/2061 EUR 58.432
DekaBank Deutsche Gi 7.650 03/10/2023 EUR 32.330
Leonteq Securities A 8.380 7/20/2022 CHF 40.600
Virgolino de Oliveir 11.750 02/09/2022 USD 0.500
Regie Autonome des T 0.938 5/25/2050 EUR 72.761
Ukraine Government B 3.890 02/02/2023 USD 63.855
Kingdom of Belgium G 0.650 6/22/2071 EUR 57.924
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Barclays Bank PLC 10.200 2/16/2023 USD 51.200
Grupo Isolux Corsan 6.000 12/30/2021 EUR 0.263
Windreich GmbH 6.250 03/01/2015 EUR 4.475
Ville de Paris 0.850 08/04/2051 EUR 73.425
Turkey Government In 4.875 4/16/2043 USD 68.838
Espirito Santo Finan 5.050 11/15/2025 EUR 0.290
Van Lanschot Kempen 1.410 04/04/2024 EUR 100.150
OR PJSC 12.000 11/14/2024 RUB 17.380
Windreich GmbH 6.500 03/01/2015 EUR 4.475
Gebr Sanders GmbH & 8.750 10/22/2018 EUR 9.375
Landeskreditbank Bad 0.610 11/17/2050 EUR 73.636
Legenda OOO 9.950 04/08/2025 RUB 70.100
Russian Foreign Bond 4.375 3/21/2029 USD 13.000
Assistance Publique 0.634 8/27/2045 EUR 73.190
Finance and Credit B 9.250 1/25/2019 USD 0.001
Windreich GmbH 6.750 03/01/2015 EUR 4.475
WEB Windenergie AG 2.250 9/25/2028 EUR 0.010
DZ Bank AG Deutsche 11.680 8/26/2022 EUR 51.470
Norske Skog Holding 8.000 2/24/2021 EUR 0.006
Romanian Government 2.750 4/14/2041 EUR 70.442
Region de Bruxelles- 0.444 3/19/2057 EUR 55.173
Single Platform Inve 0.363 2/15/2041 EUR 67.233
Depfa Funding II LP 6.500 EUR 61.379
Credit Bank of Mosco 7.121 6/25/2024 USD 20.909
Intelsat Jackson Hol 9.750 7/15/2025 USD 44.512
Societe Generale SA 21.000 12/23/2022 USD 62.800
Joh Friedrich Behren 7.750 11/11/2020 EUR 29.250
German Pellets GmbH 7.250 04/01/2016 EUR 1.879
Sairgroup Finance BV 6.625 10/06/2010 EUR 1.568
Pescanova SA 5.125 4/20/2017 EUR 0.319
Alpine Holding GmbH 5.250 07/01/2015 EUR 3.084
Ukraine Government I 7.253 3/15/2033 USD 32.250
State of Rhineland-P 0.375 7/20/2048 EUR 70.368
Agrokor dd 8.875 02/01/2020 USD 15.000
Rio Forte Investment 4.000 7/22/2014 EUR 4.411
Stichting Afwikkelin 8.450 8/20/2018 USD 5.375
Futureal Development 3.500 11/16/2036 HUF 74.000
Vontobel Financial P 9.400 5/13/2022 EUR 41.970
Credit Bank of Mosco 4.500 7/15/2022 RUB 61.020
Societe Generale SA 17.604 8/24/2023 USD 48.500
Credit Bank of Mosco 5.150 2/20/2024 EUR 14.965
Land Baden-Wuerttemb 0.375 7/20/2048 EUR 71.570
Grenke Finance PLC 0.819 2/15/2030 EUR 70.853
Region Hauts-de-Fran 0.402 2/18/2043 EUR 72.009
Republic of Ireland 0.740 11/27/2120 EUR 50.909
Centrosolar Group AG 7.000 2/15/2016 EUR 2.505
Single Platform Inve 1.023 2/15/2046 EUR 73.867
Sibur Securities DAC 3.450 9/23/2024 USD 38.000
Steilmann SE 6.750 6/27/2017 EUR 2.184
State of Mecklenburg 0.239 11/17/2070 EUR 57.921
Cooperatieve Raboban 0.500 10/29/2027 MXN 59.186
Aralco Finance SA 10.125 05/07/2020 USD 3.224
Spain Government Bon 1.450 10/31/2071 EUR 64.379
UBS AG/London 16.000 12/29/2022 CHF 67.150
Alteo Nyrt 3.150 10/28/2029 HUF 66.700
Slovenia Government 1.175 2/13/2062 EUR 73.031
Republic of Ireland 0.835 07/08/2080 EUR 70.406
Societe Du Grand Par 1.149 04/08/2069 EUR 65.831
Single Platform Inve 1.150 5/25/2066 EUR 70.979
Regie Autonome des T 0.875 8/18/2080 EUR 76.050
BNG Bank NV 10.010 6/17/2025 TRY 54.948
Muenchener Hypotheke 0.550 2/18/2046 CHF 71.360
ITK Holding zrt 2.900 6/23/2031 HUF 63.100
Credit Bank of Mosco 0.010 10/27/2023 RUB
Lloyds Bank PLC 1.836 10/25/2033 USD 67.981
Senvion Holding GmbH 3.875 10/25/2022 EUR 0.286
Autonomous Community 1.744 07/01/2061 EUR 70.504
EFG International Fi 8.000 06/10/2022 CHF 63.250
WEB Windenergie AG 4.500 EUR 0.010
Caixa Economica Mont 5.000 EUR 50.010
Specialfastigheter S 1.120 2/19/2044 SEK 68.395
Grand Delta Habitat 1.285 11/06/2040 EUR 73.270
Minicentrales Dos SA 0.010 06/06/2047 EUR 59.125
Haya Real Estate SA 5.125 11/15/2022 EUR 69.769
Batigere Grand Est S 1.400 8/31/2050 EUR 67.280
Autonomous Community 1.138 11/22/2052 EUR 67.880
Region Wallonne Belg 1.550 4/28/2120 EUR 67.961
Chelyabinsk Pipe Pla 7.900 06/08/2027 RUB 92.660
Single Platform Inve 0.932 2/15/2041 EUR 73.575
Elli Finance UK PLC 8.750 6/15/2019 GBP 65.125
Kardan NV 6.325 2/21/2021 ILS
Air Berlin Finance B 8.500 03/06/2019 EUR 0.401
Region de Bruxelles- 0.640 7/20/2045 EUR 71.748
Slovenia Government 0.488 10/20/2050 EUR 64.683
Single Platform Inve 1.548 10/31/2050 EUR 58.911
Golden Gate AG 6.500 10/11/2014 EUR 33.000
Societe Generale SA 10.000 5/31/2034 USD 71.750
B+N Referencia Ipari 3.500 6/24/2031 HUF 70.200
Lloyds Bank PLC 0.500 7/26/2028 MXN 55.105
Single Platform Inve 0.559 2/15/2047 EUR 64.605
State of Hesse 0.227 8/20/2049 EUR 67.122
Thomas Cook Group PL 6.250 6/15/2022 EUR 0.518
BPCE SA 2.315 11/19/2035 AUD 71.296
JP Morgan Structured 12.000 01/04/2027 ZMW
Societe Generale SA 8.600 7/29/2022 USD 43.800
Credit Suisse AG/Lon 4.700 11/30/2022 USD 9.523
COFIDUR SA 0.100 12/31/2024 EUR 24.050
VTB Bank PJSC 13.000 RUB 65.050
OGX Austria GmbH 8.500 06/01/2018 USD 0.002
French Republic Gove 0.500 5/25/2072 EUR 54.457
Ville de Paris 0.650 11/25/2070 EUR 56.173
International Financ 0.500 6/29/2027 ZAR 63.921
Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 27.428
Deutsche Bank AG/Lon 0.348 11/26/2034 USD 61.681
Baromfi-Coop Termelo 3.000 7/19/2031 HUF 72.500
Leonteq Securities A 8.510 5/27/2022 USD 26.580
Maxima Telecom 10.750 7/14/2026 RUB 65.020
Hell Energy Magyaror 3.000 7/28/2031 HUF 73.400
SALVATOR Vermoegensv 9.500 EUR 7.400
Russian Railways JSC 10.150 9/20/2039 RUB 60.080
Single Platform Inve 0.745 2/15/2047 EUR 68.041
UniCredit Bank AG 4.450 4/29/2022 EUR 66.000
State of Lower Austr 0.400 10/13/2050 EUR 68.249
Region de Bruxelles- 0.910 1/31/2053 EUR 72.257
International Bank o 8.250 10/09/2024 USD 60.375
Russian Railways JSC 9.130 4/29/2043 RUB 60.080
Zurcher Kantonalbank 15.200 9/21/2022 USD 30.560
Russian Railways JSC 9.730 8/18/2033 RUB 60.080
Minicentrales Dos SA 0.010 06/06/2047 EUR 66.875
Barclays Bank PLC 1.092 7/28/2031 USD 70.812
Region Wallonne Belg 0.638 6/21/2047 EUR 69.145
Russian Foreign Bond 4.500 04/04/2022 USD 23.326
Transports Publics N 0.320 10/28/2037 CHF 71.673
Ukraine Government I 9.790 5/26/2027 UAH 48.452
Cooperatieve Raboban 0.500 1/31/2033 MXN 34.614
Ukraine Government I 10.000 8/23/2023 UAH 69.318
Communaute Francaise 1.010 7/19/2051 EUR 72.337
Ukraine Government B 10.710 4/26/2028 UAH 30.492
Finland Government B 0.125 4/15/2052 EUR 67.061
Espirito Santo Finan 5.050 11/15/2025 EUR 0.290
UkrLandFarming PLC 10.875 3/26/2018 USD 1.522
UBS AG/London 6.500 8/15/2022 USD 58.700
Banque International 15.000 01/05/2023 EUR 39.160
Republic of Belarus 5.875 2/24/2026 USD 13.000
Single Platform Inve 0.740 04/01/2042 EUR 73.313
O1 Properties Financ 0.500 9/27/2028 USD 6.203
Single Platform Inve 0.833 2/15/2041 EUR 73.593
Bibby Offshore Servi 7.500 6/15/2021 GBP 11.625
Portugal Obrigacoes 1.000 04/12/2052 EUR 69.055
BNP Paribas SA 0.500 11/16/2032 MXN 31.610
getgoods.de AG 7.750 10/02/2017 EUR 0.527
Veneto Banca SpA 6.411 EUR 0.345
DZ Bank AG Deutsche 4.000 6/24/2022 EUR 73.560
VTB Bank PJSC 0.010 05/01/2025 RUB 62.510
OR PJSC 11.500 7/28/2024 RUB 18.380
BNP Paribas Issuance 5.000 11/05/2024 EUR 38.680
Region Wallonne Belg 1.222 6/24/2080 EUR 62.757
Republic of Ireland 0.740 9/22/2078 EUR 67.472
Krakowski Bank Spold 8.020 9/20/2023 PLN 70.000
Intelsat Jackson Hol 9.750 7/15/2025 USD 44.512
State of Saxony-Anha 0.475 9/30/2050 EUR 72.604
National Grid Electr 1.690 9/16/2041 GBP 72.604
BNP Paribas SA 0.500 9/29/2029 AUD 72.006
Region de Bruxelles- 0.808 1/31/2050 EUR 70.848
Rio Forte Investment 4.750 11/10/2015 EUR 4.423
Lehman Brothers Trea 1.214 10/05/2035 EUR 0.100
Wirtschafts- und Inf 0.500 8/28/2046 EUR 72.908
Ville de Paris 0.758 8/20/2060 EUR 64.997
BNP Paribas SA 20.200 5/31/2022 USD 37.750
Luzerner Kantonalban 23.000 06/07/2022 CHF 21.370
DZ Bank AG Deutsche 8.900 6/24/2022 EUR 71.000
Deutsche Bank AG/Lon 13.750 6/20/2026 TRY 46.958
Ukraine Government I 9.990 5/22/2024 UAH 55.440
Specialfastigheter S 1.180 12/02/2044 SEK 69.769
Republic of Austria 0.700 4/20/2071 EUR 66.342
Astana Finance BV 7.875 06/08/2010 EUR 16.000
Republic of Belarus 6.200 2/28/2030 USD 13.000
Russian Railways JSC 6.850 07/05/2027 RUB 67.800
Gazprombank JSC 5.650 6/27/2024 RUB 76.150
Credit Suisse AG/Lon 5.800 7/26/2023 USD 9.570
Wingholding Zrt 3.000 9/22/2031 HUF 63.400
Credit Suisse AG/Lon 8.450 06/07/2023 USD 9.770
Hell Energy Magyaror 2.700 12/18/2029 HUF 65.900
DekaBank Deutsche Gi 7.050 4/28/2023 EUR 52.150
Russian Post FGUP 2.750 12/06/2023 RUB 60.090
Decipher Production 12.500 9/27/2019 USD 1.500
Ukraine Government B 3.900 10/05/2023 USD 41.225
Sequa Petroleum NV 5.000 4/29/2020 USD 30.250
Ministeries Van de V 0.634 11/19/2060 EUR 60.641
Grand Delta Habitat 1.500 09/01/2049 EUR 71.526
VTB Bank PJSC 11.250 05/06/2037 RUB 58.000
SkyGreen Buildings K 3.000 12/29/2030 HUF 67.300
VTB Bank PJSC 10.000 RUB 50.030
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.500
Republic of Austria 0.850 6/30/2120 EUR 55.709
Peine GmbH 2.000 07/05/2023 EUR 44.500
Region de Bruxelles- 0.562 12/23/2065 EUR 53.623
Alpine Holding GmbH 5.250 06/10/2016 EUR 3.084
State of Lower Austr 0.550 11/13/2080 EUR 50.547
Luminis SA 1.800 09/02/2059 EUR 54.195
National Treasury Ma 1.190 10/07/2101 EUR 71.324
Agrokor dd 9.125 02/01/2020 EUR 15.000
Portugal Telecom Int 5.242 11/06/2017 EUR 0.694
Russian Foreign Bond 4.750 5/27/2026 USD 20.313
Communaute Francaise 1.000 10/08/2069 EUR 60.344
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.399
UBS AG/London 0.120 5/25/2040 MXN 14.308
Corner Banca SA 6.600 08/02/2022 CHF 24.430
AKB Peresvet ZAO 0.510 2/14/2032 RUB 13.000
Veragold Mining Co G 5.000 12/31/2022 EUR 56.000
Retail Bel Finance L 10.350 03/05/2026 RUB 77.550
TBI Bank EAD 5.250 7/30/2031 EUR 56.225
Agrokor dd 9.875 05/01/2019 EUR 15.000
Ahtium PLC 9.750 04/04/2017 EUR 0.726
Ministeries Van de V 1.095 06/03/2055 EUR 72.593
Deutsche Agrar Holdi 7.250 9/28/2018 EUR 0.726
Region Wallonne Belg 1.135 10/10/2069 EUR 64.896
Communaute Francaise 0.392 1/22/2041 EUR 70.874
A-TEC Industries AG 2.750 05/10/2014 EUR 0.100
Depfa Funding III LP 0.235 EUR 61.051
Region de Bruxelles- 1.020 4/30/2060 EUR 69.022
Ukreximbank Via Biz 7.623 02/09/2023 USD 31.731
Societe Generale SA 18.000 05/02/2024 USD 36.850
Landesbank Baden-Wue 3.300 11/25/2022 EUR 67.870
DZ Bank AG Deutsche 12.200 9/23/2022 EUR 74.250
DZ Bank AG Deutsche 5.800 9/23/2022 EUR 75.510
DeltaCredit Bank JSC 1.000 5/18/2026 RUB 55.860
Pongs & Zahn AG 8.500 11/01/2014 EUR 0.130
Ukraine Government I 9.990 5/22/2024 UAH 55.440
Ukraine Government B 10.570 05/10/2027 UAH 33.412
Region Wallonne Belg 1.165 6/29/2059 EUR 70.131
Specialfastigheter S 1.280 9/20/2049 SEK 66.978
Communaute Francaise 1.581 1/23/2120 EUR 65.334
Mox Telecom AG 7.250 11/02/2017 EUR 2.270
OR PJSC 11.000 12/29/2024 RUB 15.610
SFO VTB Investment P 0.010 03/10/2023 RUB 79.000
Retail Bel Finance L 9.450 5/28/2025 RUB 81.500
Skandinaviska Enskil 9.500 7/17/2023 SEK 68.430
Sberbank of Russia P 0.010 6/22/2028 RUB 54.900
Trans-Sped Logisztik 2.500 3/16/2030 HUF
Credit Bank of Mosco 0.010 9/18/2023 RUB
Russian Railways JSC 9.390 2/28/2040 RUB 60.080
JP Morgan Structured 11.000 12/30/2026 ZMW 67.712
Dr Wiesent Sozial gG 7.000 EUR 0.011
Ukraine Government I 7.750 09/01/2026 USD 34.497
Ukraine Government B 8.120 11/10/2035 UAH 18.336
Single Platform Inve 0.924 2/18/2049 EUR 66.881
Wirtschafts- und Inf 0.200 12/14/2045 EUR 68.437
Ukraine Government B 12.940 2/14/2024 UAH 62.921
KPNQwest NV 10.000 3/15/2012 EUR 0.453
Hungary Government I 1.500 11/17/2050 EUR 64.948
Harp Issuer PLC 1.400 2/14/2032 USD 72.366
Officine Maccaferri- 5.750 06/01/2021 EUR 16.959
LSF9 Balta Issuer SA 3.000 12/31/2030 EUR 69.935
Russian Railways JSC 9.130 5/29/2035 RUB 79.000
Societe Generale SA 17.000 1/17/2030 USD 63.700
Erste Group Bank AG 4.500 10/15/2022 EUR 58.900
Leonteq Securities A 7.500 6/28/2022 CHF 67.640
Erste Group Bank AG 4.100 4/30/2022 EUR 34.750
UBS AG/London 9.750 3/17/2023 CHF 46.050
United Engine Corp J 11.500 6/26/2024 RUB 61.070
SAir Group 4.250 02/02/2007 CHF 12.625
Republic of Belarus 6.378 2/24/2031 USD 13.333
Russian Foreign Bond 5.100 3/28/2035 USD 14.167
KPNQwest NV 8.875 02/01/2008 EUR 0.453
Ukraine Government B 11.780 5/27/2026 UAH 40.269
CDC Habitat SEM 0.853 2/15/2041 EUR 71.064
Heta Asset Resolutio 7.500 12/31/2023 ATS 4.870
OPUS TIGAZ Gazhaloza 2.800 3/24/2031 HUF 73.200
Societe Generale SA 15.000 05/02/2024 USD 31.950
Bank Vontobel AG 20.504 05/12/2022 CHF 55.000
VTB Bank PJSC 10.000 RUB 62.000
RENE LEZARD Mode Gmb 7.250 11/25/2017 EUR 0.111
DekaBank Deutsche Gi 3.970 02/09/2023 EUR 72.750
Credit Suisse AG/Lon 4.450 6/28/2023 USD 9.210
DZ Bank AG Deutsche 12.640 5/27/2022 EUR 59.350
Credit Suisse AG/Lon 4.710 8/24/2022 USD 9.820
Landesbank Baden-Wue 3.900 6/24/2022 EUR 65.190
VTB Bank PJSC 8.400 5/21/2030 RUB 65.000
Russian Railways JSC 9.390 2/28/2040 RUB 60.080
VTB Bank PJSC 0.010 11/18/2025 RUB 55.050
Sberbank of Russia P 0.010 11/30/2028 RUB 55.700
Leonteq Securities A 22.220 9/16/2022 CHF 41.620
Kalita OOO 13.000 8/18/2024 RUB 8.300
Russian Railways JSC 9.130 11/29/2028 RUB 60.080
SAir Group 0.125 07/07/2005 CHF 12.625
Ukraine Government B 11.290 11/10/2025 UAH 42.945
Barclays Bank PLC 0.475 2/28/2034 USD 67.579
Ville de Paris 0.921 5/26/2053 EUR 73.312
Republic of Poland G 1.250 10/25/2030 PLN 68.085
Cooperatieve Raboban 0.500 11/30/2027 MXN 58.121
Vontobel Financial P 7.500 12/23/2022 USD 60.500
Russian Railways JSC 9.130 06/08/2028 RUB 60.080
Sonnedix Energy Tau 2.200 12/31/2038 EUR 75.000
DVM Construction Fov 3.000 7/29/2030 HUF 66.500
UBS AG/London 8.250 11/21/2022 CHF 57.900
Bank Vontobel AG 11.000 02/06/2023 CHF 49.100
Societe Generale Eff 4.000 11/22/2022 USD 56.630
BF Garant-Invest OOO 10.000 12/25/2023 RUB 72.210
VTB Bank PJSC 0.010 10/06/2023 RUB 65.010
RUSAL Bratsk OJSC 0.010 04/07/2026 RUB 65.510
WEB Windenergie AG 6.250 EUR 0.010
Norske Skog Holding 8.000 2/24/2021 EUR 0.006
Barclays Bank PLC 1.072 12/30/2030 USD 68.125
Veneto Banca SpA 6.950 2/25/2025 EUR 0.571
Rena GmbH 7.000 12/15/2015 EUR 2.096
Republic of Ireland 0.810 07/10/2079 EUR 69.787
ECM Real Estate Inve 5.000 10/09/2011 EUR 15.375
City of Kyiv Via PBR 7.500 12/15/2022 USD 35.000
Banca Popolare di Vi 9.500 10/02/2025 EUR 0.049
Vasakronan AB 2.400 6/20/2044 SEK 72.293
Region de Bruxelles- 0.731 8/25/2060 EUR 61.161
A-TEC Industries AG 5.750 11/02/2010 EUR 0.100
Ukraine Government B 12.300 07/03/2024 UAH 54.171
New World Resources 8.000 04/07/2020 EUR 0.001
Cie Generale de Navi 0.350 12/29/2056 CHF 63.969
Kalita OOO 13.000 9/21/2025 RUB 8.800
Naftatrans Plyus OOO 12.000 2/20/2026 RUB 76.800
State of Saxony-Anha 1.258 07/03/2028 EUR 60.000
Societe Generale SA 21.660 2/24/2028 USD 71.750
Eltex Kft 3.500 12/21/2028 HUF 72.250
Leonteq Securities A 6.770 5/27/2022 USD 52.360
UBS AG/London 6.500 10/02/2024 USD 71.500
Takarek Mortgage Ban 3.000 8/21/2030 HUF 71.300
Credit Suisse AG/Lon 18.500 12/14/2026 USD 68.240
Sberbank of Russia P 0.010 11/13/2026 TRY 67.100
Nordea Bank Abp 5.813 7/20/2024 SEK 68.100
Federal Grid Co Unif 9.390 3/23/2050 RUB 62.480
Federal Grid Co Unif 9.390 3/23/2050 RUB 61.880
Leonteq Securities A 14.000 02/03/2023 CHF 58.330
MET Hungary Solar Pa 3.800 12/02/2031 HUF 72.900
Societe Generale SA 2.050 12/02/2035 USD 68.315
Ukraine Government I 7.750 09/01/2023 USD 41.855
Societe Generale SA 2.200 12/17/2040 USD 71.490
Region de Bruxelles- 0.274 12/11/2040 EUR 72.374
BPCE SA 2.250 3/13/2040 AUD 66.373
Turkey Government Bo 11.700 11/13/2030 TRY 64.450
French Republic Gove 0.750 5/25/2053 EUR 73.980
Ukraine Government B 11.800 3/25/2026 UAH 41.368
Lehman Brothers Trea 2.000 3/16/2035 EUR 0.100
Bulgaria Steel Finan 12.000 05/04/2013 EUR 0.216
Lehman Brothers Trea 2.875 3/14/2013 CHF 0.100
Norske Skogindustrie 7.125 10/15/2033 USD 0.010
New World Resources 4.000 10/07/2020 EUR 0.376
Mriya Agro Holding P 9.450 4/19/2018 USD 4.667
Deutsche Bank AG/Lon 0.500 10/18/2038 MXN 15.142
Nordea Bank Abp 4.100 7/20/2023 SEK 50.880
Takarek Mortgage Ban 2.600 10/22/2028 HUF 74.500
Federal Grid Co Unif 10.150 09/07/2048 RUB 60.080
Russian Railways JSC 10.150 9/19/2033 RUB 71.000
MS Deutschland Betei 6.875 12/18/2017 EUR 0.700
SG Issuer SA 6.130 1/20/2024 SEK 73.440
Maxima Telecom 9.750 5/21/2024 RUB 61.850
Pannon Work Szemelyz 3.000 10/30/2030 HUF 67.500
DZ Bank AG Deutsche 4.050 5/27/2022 EUR 79.430
VTB Bank PJSC 0.010 6/17/2026 RUB
SAir Group 5.125 03/01/2003 CHF 12.750
Vontobel Financial P 6.500 6/24/2022 EUR 71.830
UniCredit Bank AG 4.500 10/26/2022 EUR 74.220
Raiffeisen Schweiz G 9.500 05/02/2023 CHF 76.590
Credit Suisse AG/Lon 13.700 9/25/2023 USD 48.290
Muehl Product & Serv 6.750 03/10/2005 DEM 0.104
Commerzbank AG 0.060 11/19/2029 EUR 75.330
Ukraine Government B 8.750 2/16/2033 UAH 20.402
Norske Skogindustrie 7.125 10/15/2033 USD 0.010
Banco Espirito Santo 10.000 12/06/2021 EUR 0.523
Hungary Government B 4.000 4/28/2051 HUF 64.963
UBS AG/London 5.520 4/29/2041 USD 57.993
Region de Bruxelles- 1.225 6/21/2070 EUR 70.351
Credito Padano Banca 3.100 EUR 34.008
Kreditanstalt fuer W 0.693 02/08/2050 EUR 70.954
Credit Agricole SA 3.270 10/05/2041 AUD 69.155
Societe Generale SA 2.050 2/22/2031 AUD 75.043
Region de Bruxelles- 0.845 9/30/2059 EUR 63.552
Waste Italia SpA 10.500 11/15/2019 EUR 0.550
Aargau Verkehr AG 0.270 11/29/2049 CHF 73.534
Societe Generale SA 5.000 01/10/2023 USD 42.470
Zurcher Kantonalbank 21.250 10/04/2022 CHF 71.100
DekaBank Deutsche Gi 11.200 12/23/2022 EUR 48.370
Russian Post FGUP 6.600 11/13/2030 RUB 67.260
VTB Bank PJSC 2.000 11/10/2023 RUB 62.010
Societe Generale SA 10.000 6/28/2034 USD 70.250
UniCredit Bank AG 4.500 10/05/2022 EUR 59.060
DekaBank Deutsche Gi 5.970 02/09/2023 EUR 67.180
Leonteq Securities A 24.020 6/29/2022 CHF 30.130
Zurcher Kantonalbank 3.000 09/06/2022 EUR 73.810
BNP Paribas Issuance 6.310 07/05/2023 SEK 73.050
UniCredit Bank AG 6.600 7/20/2028 EUR 38.290
DekaBank Deutsche Gi 5.600 4/25/2022 EUR 61.620
Zurcher Kantonalbank 6.000 4/14/2023 CHF 63.390
Societe Generale SA 24.000 11/20/2025 USD 68.150
Opus Global Nyrt 2.800 10/29/2029 HUF 74.500
UniCredit Bank AG 4.750 12/04/2023 EUR 71.290
SFO VTB Investment P 0.010 11/13/2023 RUB 65.000
Northland Resources 15.000 7/15/2019 USD 2.621
Ukraine Government B 6.000 4/23/2031 UAH 15.570
Single Platform Inve 0.815 04/01/2042 EUR 69.695
Solarwatt GmbH 7.000 11/01/2015 EUR 15.500
Ukraine Government B 12.500 3/27/2024 UAH 60.954
Societe Generale SA 2.696 6/30/2035 USD 66.219
NatWest Markets PLC 0.576 8/18/2031 USD 71.123
Agence Francaise de 0.368 01/12/2046 EUR 73.998
Region de Bruxelles- 1.040 05/03/2061 EUR 69.901
Autonomous Community 1.089 10/31/2049 EUR 70.284
Ministeries Van de V 0.400 11/20/2043 EUR 71.847
Region Wallonne Belg 1.150 09/02/2120 EUR 54.319
Single Platform Inve 0.810 04/01/2042 EUR 72.111
BPCE SA 2.250 3/13/2040 AUD 65.927
Heta Asset Resolutio 0.297 12/31/2023 EUR 4.870
Communaute Francaise 1.040 7/19/2101 EUR 65.143
Societe Nationale SN 1.400 5/18/2120 EUR 60.623
Lehman Brothers Trea 11.000 12/20/2017 AUD 0.100
DZ Bank AG Deutsche 9.410 8/26/2022 EUR 34.070
Skandinaviska Enskil 6.500 1/15/2024 SEK 74.850
SG Issuer SA 6.940 1/20/2025 SEK 66.920
Federal Grid Co Unif 9.730 4/27/2048 RUB 60.080
VTB Bank PJSC 0.010 5/19/2024 RUB 51.850
VTB Bank PJSC 0.010 04/05/2024 RUB 68.010
Skandinaviska Enskil 8.600 7/17/2023 SEK 67.490
DZ Bank AG Deutsche 18.800 9/23/2022 EUR 69.630
Leonteq Securities A 21.420 05/11/2022 CHF 23.180
Credit Suisse AG/Lon 13.250 05/04/2022 USD 41.290
Leonteq Securities A 6.300 7/17/2023 EUR 77.590
Credit Suisse AG/Lon 10.000 7/22/2022 CHF 21.220
DZ Bank AG Deutsche 11.500 6/24/2022 EUR 71.110
EFG International Fi 10.600 8/23/2023 EUR 63.630
Severo-Zapadnaya Kon 12.150 9/26/2031 RUB 57.010
Progress Etteremhalo 3.000 9/18/2030 HUF 71.300
Russian Railways JSC 5.910 10/15/2040 RUB 60.080
Norske Skog Holding 8.000 2/24/2023 USD 0.006
Espirito Santo Finan 0.606 10/27/2024 EUR 0.297
Muenchener Hypotheke 1.010 08/06/2044 EUR 71.856
Region de Bruxelles- 0.540 9/13/2044 EUR 71.309
Wirtschafts- und Inf 0.138 8/23/2044 EUR 67.837
Credit Agricole Corp 2.610 7/27/2050 USD 69.041
Pescanova SA 8.750 2/17/2019 EUR 0.319
Region de Bruxelles- 0.690 6/22/2050 EUR 68.414
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Region Wallonne Belg 0.850 1/26/2071 EUR 56.209
Lehman Brothers Trea 8.000 10/23/2008 USD 0.100
Akademiska Hus AB 1.252 2/13/2043 SEK 70.912
Agence Francaise de 2.360 1/30/2045 AUD 74.430
Cooperatieve Raboban 0.500 12/29/2027 MXN 57.486
Single Platform Inve 0.780 2/15/2040 EUR 73.770
Credit Agricole SA 3.000 1/19/2041 AUD 63.254
Communaute Francaise 0.782 02/08/2061 EUR 59.714
Ukraine Government B 6.000 11/12/2025 UAH 33.900
Agrokor dd 8.875 02/01/2020 USD 15.000
Ukraine Government B 9.500 3/19/2025 UAH 45.516
Ukraine Government B 11.970 4/16/2025 UAH 48.706
Single Platform Inve 1.075 6/26/2052 EUR 73.029
Credit Suisse AG/Lon 8.500 09/09/2022 EUR 67.540
Skandinaviska Enskil 8.300 7/17/2023 SEK 67.170
Credit Suisse AG/Lon 10.000 11/30/2022 CHF 34.400
VTB Bank PJSC 0.010 9/14/2024 RUB 55.440
Landesbank Baden-Wue 4.050 3/24/2023 EUR 37.300
DekaBank Deutsche Gi 2.600 08/12/2022 EUR 74.420
B+N Referencia Ipari 2.900 12/20/2029 HUF 68.900
Russian Railways JSC 9.130 5/20/2044 RUB 60.080
Credit Bank of Mosco 0.010 12/19/2022 RUB 62.000
Credit Bank of Mosco 4.000 7/15/2022 RUB 61.000
DZ Bank AG Deutsche 5.000 6/24/2022 EUR 72.880
Bank Julius Baer & C 22.500 05/03/2022 CHF 47.200
Credit Suisse AG/Lon 4.600 11/09/2022 USD
Citigroup Global Mar 12.000 2/13/2024 SEK 79.060
Societe Generale SA 18.000 5/31/2024 USD 32.323
Credit Suisse AG/Lon 4.460 7/26/2023 USD 9.430
Banque International 7.500 7/28/2022 USD 53.980
OR PJSC 13.500 10/22/2025 RUB 22.100
Credit Suisse AG/Lon 8.250 6/17/2022 CHF 53.770
Barclays Bank PLC 4.000 11/08/2023 USD 9.294
AutoWallis Nyrt 3.000 7/27/2031 HUF 64.700
Federal Passenger Co 6.900 11/05/2029 RUB 76.510
Societe Generale SA 18.000 11/02/2023 USD 41.130
Alteo Nyrt 2.450 10/08/2031 HUF 60.900
Main Road JSC 6.900 10/30/2029 RUB 61.020
UBS Group AG 2.300 12/03/2035 AUD 73.672
Cie de Financement F 0.900 7/18/2058 EUR 72.227
Ukraine Government B 9.820 02/12/2031 UAH 23.934
Ukraine Government B 9.700 03/10/2032 UAH 22.937
Republic of Belarus 6.875 2/28/2023 USD 14.500
Metropole de Lyon 0.500 12/28/2049 EUR 66.510
State of Rhineland-P 0.100 10/01/2040 EUR 72.267
Metropole de Lyon 0.466 12/07/2046 EUR 69.111
HSBC Bank PLC 10.300 12/10/2024 TRY 61.798
Metropole de Lyon 0.540 12/07/2050 EUR 66.045
BLT Finance BV 12.000 02/10/2015 USD 10.500
SAir Group 6.250 10/27/2002 CHF 12.625
Kingdom of Belgium G 0.558 9/24/2077 EUR 53.703
Santander Internatio 1.700 12/12/2049 EUR 44.696
Region de Bruxelles- 1.036 01/07/2060 EUR 69.144
Region de Bruxelles- 0.944 6/22/2057 EUR 68.269
Credit Agricole Corp 10.800 3/24/2026 TRY 51.774
Republic of Belarus 7.625 6/29/2027 USD 11.856
Region de Bruxelles- 0.556 12/23/2064 EUR 54.097
Kuntarahoitus Oyj 0.815 2/24/2061 EUR 73.859
Thomas Cook Finance 3.875 7/15/2023 EUR 0.548
BrokerCreditService 1.484 12/06/2031 USD 72.730
Lehman Brothers Trea 5.100 05/08/2017 HKD 0.100
Hungary Government B 3.000 4/25/2041 HUF 61.056
Single Platform Inve 1.013 12/20/2050 EUR 72.040
Republic of Ireland 1.200 4/15/2120 EUR 61.479
CDC Habitat SEM 0.814 2/15/2040 EUR 70.722
Kuntarahoitus Oyj 1.005 11/04/2060 EUR 73.247
Lehman Brothers Trea 4.300 06/04/2012 USD 0.100
DZ Bank AG Deutsche 14.800 6/24/2022 EUR 74.760
Leonteq Securities A 16.000 5/25/2022 CHF 18.580
SG Issuer SA 2.270 02/04/2032 EUR 71.260
Raiffeisen Schweiz G 10.000 12/31/2024 CHF 64.570
Federal Grid Co Unif 9.730 4/27/2048 RUB 60.080
Credit Suisse AG/Lon 10.250 06/02/2022 USD 31.460
VTB Bank PJSC 0.010 5/19/2024 RUB
RosDorBank PJSC 9.500 12/12/2024 RUB 60.000
EFG International Fi 6.200 08/05/2022 EUR 25.930
Sberbank of Russia P 0.016 3/15/2032 RUB 72.900
STAVMAT Epitoanyag K 3.000 7/20/2031 HUF 72.900
Appeninn Holding 3.500 11/22/2029 HUF 66.500
Erste Group Bank AG 6.250 3/29/2023 EUR 67.050
Leonteq Securities A 8.000 05/02/2023 CHF 17.530
Credit Suisse AG/Lon 9.500 10/18/2022 CHF 31.770
VTB Bank PJSC 0.010 1/27/2026 RUB 62.510
DZ Bank AG Deutsche 22.700 6/24/2022 EUR 65.420
UBS AG/London 16.250 05/03/2023 USD 52.550
VTB Bank PJSC 0.010 08/12/2026 RUB 59.000
UBS AG/London 8.250 11/19/2026 EUR 67.970
DZ Bank AG Deutsche 15.600 12/23/2022 EUR 71.610
Severo-Zapadnaya Kon 12.150 9/26/2031 RUB 79.000
UBS AG/London 16.250 07/07/2022 CHF 69.500
WEB Windenergie AG 5.500 04/08/2023 EUR 100.500
Bank Otkritie Financ 0.010 09/10/2023 RUB 60.000
WEB Windenergie AG 6.500 EUR 0.010
HPI AG 3.500 EUR 3.011
Ukraine Government B 9.700 12/08/2027 UAH 29.532
Metropole de Lyon 0.376 12/22/2044 EUR 69.624
Bulgaria Government 1.375 9/23/2050 EUR 70.809
SAG Solarstrom AG 6.250 12/14/2015 EUR 31.000
Barclays Bank PLC 0.360 8/15/2033 USD 66.382
Republic of Ireland 1.210 10/27/2111 EUR 70.381
SAG Solarstrom AG 7.500 07/10/2017 EUR 31.000
Veneto Banca SpA 6.944 5/15/2025 EUR 0.571
BNP Paribas SA 2.840 8/26/2039 AUD 70.677
Single Platform Inve 0.803 3/20/2041 EUR 72.196
Single Platform Inve 0.532 2/15/2044 EUR 67.148
Russian Foreign Bond 4.250 6/23/2027 USD 19.967
DZ Bank AG Deutsche 0.350 11/10/2042 EUR 73.737
LBI ehf 7.431 USD 0.001
Heta Asset Resolutio 5.030 12/31/2023 EUR 4.870
Credito Padano Banca 3.100 EUR 33.799
Nederlandse Watersch 0.190 11/02/2050 EUR 68.467
Bibby Offshore Servi 7.500 6/15/2021 GBP 11.625
SAir Group 2.125 11/04/2004 CHF 12.625
LBI ehf 6.100 8/25/2011 USD 10.709
State of Lower Austr 0.585 10/11/2049 EUR 73.122
Single Platform Inve 0.780 04/01/2042 EUR 71.641
BPCE SA 2.320 03/04/2036 USD 70.612
Leonteq Securities A 10.000 6/28/2022 CHF 53.790
Credit Suisse AG/Lon 15.000 6/29/2022 USD 19.040
UBS AG/London 8.250 7/21/2022 USD 69.650
EFG International Fi 10.000 9/20/2023 USD 62.620
UniCredit Bank AG 1.500 1/31/2040 EUR 71.810
UBS AG/London 11.500 11/14/2022 EUR 71.850
Corner Banca SA 15.000 5/25/2022 CHF 40.400
Gold-Zack AG 7.000 12/14/2005 EUR 1.524
EFG International Fi 11.120 12/27/2024 EUR 23.400
SFO VTB RKS-1 8.000 12/01/2030 RUB 73.650
BNP Paribas Emission 10.000 12/22/2022 EUR 63.970
Danske Bank A/S 7.470 07/09/2023 SEK 72.860
PRE Motor Technologi 11.750 9/29/2026 RUB 69.850
Otthon Centrum Holdi 3.000 4/19/2031 HUF 73.900
Banque Cantonale Vau 10.600 05/05/2022 CHF 62.420
Dyadya Doner OOO 13.500 4/25/2023 RUB 17.880
Societe Generale SA 4.500 12/30/2024 USD 73.460
Societe Generale Eff 20.000 9/23/2022 EUR 53.410
Zurcher Kantonalbank 11.600 11/10/2022 EUR 57.860
Raiffeisen Schweiz G 16.000 7/19/2022 EUR 64.800
OR PJSC 12.600 9/28/2025 RUB 16.780
Sberbank of Russia P 0.010 10/09/2026 RUB 66.200
Credit Suisse AG/Lon 15.000 11/02/2022 USD 45.640
Aerofuels JSC 9.900 9/26/2024 RUB 71.000
Bank Otkritie Financ 0.010 7/16/2025 RUB 60.130
Mifa Mitteldeutsche 7.500 08/12/2018 EUR 2.410
VTB Bank PJSC 0.010 8/29/2023 RUB 69.790
Russian Railways JSC 8.400 10/11/2038 RUB 60.080
Ukraine Government B 9.000 7/17/2030 UAH 22.745
Ukraine Government B 6.000 12/11/2030 UAH 15.879
Ukraine Government B 9.990 12/10/2031 UAH 23.673
Wirtschafts- und Inf 0.200 12/02/2043 EUR 70.430
Single Platform Inve 0.950 7/25/2047 EUR 73.622
Ukraine Government B 8.420 05/10/2034 UAH 19.280
Single Platform Inve 0.457 2/15/2046 EUR 64.244
Single Platform Inve 0.776 1/23/2051 EUR 66.952
BNP Paribas SA 3.080 8/28/2039 AUD 73.475
Oberbank AG 0.230 10/07/2041 EUR 72.392
Region Wallonne Belg 0.828 8/28/2048 EUR 70.051
Vasakronan AB 1.655 09/05/2039 SEK 72.962
Heta Asset Resolutio 4.875 12/31/2023 EUR 4.870
Ukraine Government B 6.000 11/26/2025 UAH 33.566
Lehman Brothers Trea 4.820 12/18/2036 EUR 0.100
Lehman Brothers Trea 10.000 10/23/2008 USD 0.100
Wirtschafts- und Inf 0.192 1/28/2042 EUR 72.047
Single Platform Inve 0.767 2/15/2041 EUR 72.761
Norske Skogindustrie 2.000 12/30/2115 EUR 0.113
Leonteq Securities A 14.000 07/06/2022 CHF 59.340
EFG International Fi 5.500 12/30/2025 EUR 75.240
UBS AG/London 4.650 10/31/2023 USD 9.380
Sberbank of Russia P 0.010 11/05/2024 RUB 74.000
Societe Generale SA 16.000 08/01/2024 USD
UBS AG/London 11.750 7/21/2022 CHF 54.600
LLMC AirLoans 13.250 05/06/2025 RUB 71.920
Banque International 10.000 11/23/2022 CHF 73.950
SG Issuer SA 4.000 6/22/2026 EUR 69.600
Vontobel Financial P 15.500 12/23/2022 EUR 79.220
Zurcher Kantonalbank 12.300 06/07/2022 CHF 68.490
Leonteq Securities A 18.000 05/12/2022 CHF 56.420
Societe Generale SA 10.800 3/31/2026 USD 64.850
Leonteq Securities A 7.000 3/29/2023 CHF 74.300
Credit Suisse AG/Lon 8.000 6/27/2022 CHF 56.370
Bank Julius Baer & C 29.500 6/27/2022 CHF 37.700
Russian Railways JSC 7.550 4/15/2027 RUB 70.500
Skandinaviska Enskil 6.500 7/15/2024 SEK 73.860
Corner Banca SA 8.000 06/08/2022 EUR 68.430
Societe Generale SA 20.000 01/03/2024 USD 12.550
Bayerische Landesban 1.100 1/26/2024 EUR 76.550
SEZ Im Sergo Orgonik 10.750 9/14/2027 RUB 75.330
Federal Grid Co Unif 9.730 10/30/2048 RUB 66.090
UBS AG/London 10.500 10/21/2022 USD 44.000
Credit Suisse AG/Lon 11.000 6/15/2022 CHF 31.500
Danske Bank A/S 10.300 07/09/2023 SEK 11.600
Bank Julius Baer & C 8.200 9/19/2022 USD 44.500
MFC Webbanker LLC 12.750 01/02/2025 RUB 71.500
Credit Suisse AG/Lon 10.000 6/16/2022 USD 56.510
Zurcher Kantonalbank 19.250 6/15/2022 CHF 46.910
Leonteq Securities A 21.840 06/09/2022 CHF 51.160
Societe Generale SA 6.000 06/06/2022 USD 0.190
Bank Julius Baer & C 21.150 08/09/2022 CHF 37.900
CFP Microfinance Co 13.000 7/18/2024 RUB 74.860
UniCredit Bank AG 4.200 9/21/2022 EUR 49.060
UBS AG/London 5.000 4/14/2023 CHF 65.650
Zurcher Kantonalbank 7.000 08/10/2022 USD 41.290
UBS AG/London 19.750 05/05/2022 USD 42.750
Bank Julius Baer & C 8.400 05/06/2022 USD 69.950
Russian Railways JSC 8.650 02/04/2032 RUB 74.830
EFG International Fi 9.100 9/20/2023 EUR 64.090
OR PJSC 16.000 11/22/2025 RUB 49.100
Leonteq Securities A 24.190 8/30/2022 CHF 28.150
VTB Bank PJSC 0.010 06/09/2023 RUB 79.010
Russian Railways JSC 5.910 5/30/2040 RUB 60.080
Bank Vontobel AG 10.000 2/28/2023 CHF 74.000
Credit Suisse AG/Lon 11.500 07/04/2022 CHF 28.220
Credit Suisse AG/Lon 12.500 8/18/2022 CHF 30.700
UBS AG/London 9.750 04/06/2023 USD 41.900
Credit Suisse AG/Lon 10.350 2/27/2023 CHF 37.870
Leonteq Securities A 12.000 05/02/2023 USD 60.640
Credit Suisse AG/Lon 11.250 8/15/2022 EUR 56.970
Bank Vontobel AG 22.300 08/02/2022 CHF 61.700
Zurcher Kantonalbank 17.000 7/27/2022 CHF 51.940
VTB Bank PJSC 0.010 02/03/2026 RUB 63.000
Credit Suisse AG/Lon 19.250 12/06/2022 USD 44.830
BNP Paribas Emission 20.000 6/23/2022 EUR 70.070
Sberbank of Russia P 0.010 2/14/2025 RUB 55.000
DZ Bank AG Deutsche 10.000 6/24/2022 EUR 71.230
VTB Bank PJSC 0.010 2/24/2026 RUB 58.010
Sberbank of Russia P 0.010 11/23/2026 RUB 54.400
Leonteq Securities A 12.000 01/11/2023 CHF 44.880
DZ Bank AG Deutsche 18.800 12/23/2022 EUR 73.890
Sberbank of Russia P 0.010 1/15/2027 RUB 75.700
Sberbank of Russia P 0.010 10/05/2028 RUB 54.800
Bayerische Landesban 1.350 12/23/2022 EUR 63.280
Leonteq Securities A 16.000 6/21/2022 USD 26.590
Kalita OOO 15.000 09/12/2023 RUB 10.950
Bank Julius Baer & C 7.000 6/22/2022 CHF 60.050
Societe Generale SA 10.000 11/30/2022 USD 67.400
Pongs & Zahn AG 8.500 EUR 0.002
SG Issuer SA 0.850 10/16/2024 EUR 14.480
Zalaco Sutoipari zrt 3.500 7/24/2030 HUF 70.480
Vontobel Financial P 10.000 6/24/2022 EUR 72.520
Leonteq Securities A 20.400 1/18/2023 CHF 65.120
AKB Peresvet ZAO 0.510 08/04/2034 RUB 13.370
Federal Grid Co Unif 9.130 10/30/2048 RUB 60.080
Vasakronan AB 1.000 6/15/2041 EUR 72.812
Region Bourgogne-Fra 0.397 12/03/2045 EUR 68.974
Region Bourgogne-Fra 0.300 12/03/2040 EUR 72.350
Ukraine Government B 9.760 7/23/2031 UAH 23.430
Intelsat SA 4.500 6/15/2025 USD 9.500
Ukraine Government B 9.700 10/06/2027 UAH 30.700
Phosphorus Holdco PL 10.000 04/01/2019 GBP 1.500
Metropole de Lyon 0.500 12/28/2048 EUR 67.485
BNP Paribas SA 3.170 01/07/2041 AUD 72.972
HSBC Bank PLC 10.300 12/20/2024 TRY 61.586
Ukraine Government B 13.300 6/28/2023 UAH 73.001
Department of Loiret 0.550 12/18/2045 EUR 71.412
Ukraine Government I 7.750 09/01/2024 USD 34.765
Ukraine Government B 8.310 11/10/2034 UAH 18.923
Wirtschafts- und Inf 0.170 12/09/2041 EUR 71.946
Ukraine Government B 12.500 2/21/2024 UAH 62.161
Ukraine Government B 3.900 3/30/2023 USD 58.712
Irish Bank Resolutio 4.000 4/23/2018 EUR 33.250
Single Platform Inve 1.117 5/25/2066 EUR 70.277
Ukraine Government B 6.500 08/02/2023 UAH 65.301
Single Platform Inve 0.678 2/15/2041 EUR 70.673
Department of Loiret 0.500 10/30/2042 EUR 73.336
Societe Generale SA 1.323 1/31/2034 USD 66.910
Credit Agricole Corp 10.800 3/24/2026 TRY 54.681
Cie DU Chemin de Fer 0.280 11/29/2052 CHF 54.818
Pescanova SA 6.750 03/05/2015 EUR 0.319
Single Platform Inve 0.605 9/20/2042 EUR 70.075
Single Platform Inve 0.462 2/15/2040 EUR 70.680
Kingdom of Belgium G 0.675 07/07/2080 EUR 56.786
Hellas Telecommunica 8.500 10/15/2013 EUR 0.834
Ukraine Government B 11.870 01/06/2027 UAH 37.274
Grupo Isolux Corsan 6.000 12/30/2021 USD 0.263
Societe Generale SA 3.110 10/28/2041 AUD 72.773
Ministeries Van de V 0.600 11/19/2055 EUR 61.774
Single Platform Inve 0.873 5/25/2052 EUR 67.271
Department of Girond 0.418 11/12/2041 EUR 72.920
Turkey Government Bo 12.400 03/08/2028 TRY 73.000
Communaute Francaise 0.886 6/22/2057 EUR 64.914
Lehman Brothers Trea 5.000 10/24/2008 CHF 0.100
Batigere Grand Est S 1.600 11/14/2044 EUR 73.083
Rio Forte Investment 3.900 07/10/2014 USD 4.423
Region de Bruxelles- 0.900 4/14/2050 EUR 72.915
Single Platform Inve 1.010 3/20/2051 EUR 73.353
Centre Hospitalier B 0.950 02/05/2041 EUR 72.330
Communaute Francaise 0.750 02/04/2061 EUR 60.179
BPCE SA 2.820 12/18/2039 AUD 72.629
Credit Agricole SA 3.450 03/04/2041 AUD 67.636
Premium Green PLC 0.508 10/25/2038 EUR 73.355
Privatbank CJSC Via 10.875 2/28/2018 USD 8.000
Turkiye Ihracat Kred 12.540 9/14/2028 TRY 48.199
Air Berlin Finance B 6.000 03/06/2019 EUR 0.372
Societe Generale SA 1.192 8/29/2034 USD 66.625
Vontobel Financial P 4.050 7/15/2022 EUR 27.120
JD Capital PLC 5.000 5/21/2028 EUR 70.000
Corner Banca SA 13.680 10/28/2022 EUR 54.000
Bank Julius Baer & C 14.580 09/09/2022 USD 23.500
EFG International Fi 9.800 06/07/2023 USD 71.880
Bank Vontobel AG 8.758 06/02/2022 CHF 36.600
Leonteq Securities A 16.600 6/17/2022 USD 26.460
Bayerische Landesban 2.350 08/05/2022 EUR 76.340
VTB Bank PJSC 2.000 11/17/2023 RUB 67.210
Credit Suisse AG/Lon 14.000 6/16/2022 USD 59.440
BNP Paribas Issuance 7.980 1/20/2025 SEK 68.150
Deutsche Bank AG/Lon 2.200 4/14/2023 EUR 73.880
VTB Bank PJSC 0.010 08/01/2023 RUB 56.010
Societe Generale SA 4.500 12/29/2022 USD 0.260
Getin Noble Bank SA 10.930 04/04/2024 PLN 73.875
EFG International Fi 7.500 7/26/2022 USD 57.180
VTB Bank PJSC 0.010 8/26/2026 RUB 58.000
VTB Bank PJSC 0.010 09/09/2026 RUB 60.010
VTB Bank PJSC 0.010 7/15/2026 RUB 58.000
SG Issuer SA 7.700 1/20/2024 SEK 75.520
VTB Bank PJSC 0.010 5/13/2025 RUB 66.880
VTB Bank PJSC 0.010 12/13/2024 RUB 72.500
DekaBank Deutsche Gi 4.630 12/16/2022 EUR 78.250
SG Issuer SA 6.020 1/20/2024 SEK 73.270
SG Issuer SA 6.500 1/20/2025 SEK 64.850
BNP Paribas Emission 20.000 6/23/2022 EUR 72.410
Sberbank of Russia P 0.010 02/03/2027 RUB 71.400
Rosselkhozbank JSC 18.600 7/15/2025 RUB 100.000
Sberbank of Russia P 0.010 1/19/2026 RUB 65.100
Sberbank of Russia P 0.010 1/19/2026 RUB 65.900
Bank Julius Baer & C 10.050 7/29/2022 USD 47.150
RUSNANO AO 6.750 3/26/2024 RUB 65.260
Forras Vagyonkezeles 3.250 10/01/2030 HUF
Raiffeisen Schweiz G 11.000 7/19/2022 CHF 71.670
Bank Vontobel AG 20.000 06/12/2023 EUR 48.500
VTB Bank PJSC 0.010 9/22/2023 RUB 64.020
OOO SPV Structural I 0.010 09/01/2023 RUB 66.740
VTB Bank PJSC 0.010 9/15/2023 RUB 65.030
TransFin-M PAO 8.500 06/04/2025 RUB 70.200
Bank Julius Baer & C 11.700 4/26/2022 CHF 26.600
Ukraine Government B 6.000 1/28/2032 UAH 14.917
Ukraine Government B 9.700 8/25/2032 UAH 22.672
Ville de Paris 0.395 12/18/2045 EUR 70.020
Ukraine Government B 9.990 8/27/2031 UAH 23.889
Ukraine Government B 6.000 10/11/2028 UAH 19.634
Ukraine Government B 8.880 05/10/2032 UAH 21.050
Ukraine Government B 9.150 05/10/2031 UAH 22.320
Ukraine Government B 10.360 11/10/2027 UAH 31.144
Ukraine Government B 8.750 11/10/2032 UAH 20.511
Ukraine Government B 9.610 10/11/2029 UAH 25.164
Cooperatieve Raboban 0.500 8/21/2028 MXN 54.569
Getin Noble Bank SA 9.930 6/28/2024 PLN 74.375
Credit Agricole Corp 10.200 08/06/2026 TRY 51.563
Bilt Paper BV 10.360 USD 1.345
HSBC Bank PLC 0.500 6/23/2027 MXN 59.851
IT Holding Finance S 9.875 11/15/2012 EUR 0.015
Region Wallonne Belg 1.300 6/16/2068 EUR 71.208
Rena GmbH 8.250 07/11/2018 EUR 2.096
Ukraine Government B 12.700 10/30/2024 UAH 54.220
Credit Agricole Corp 5.400 1/31/2028 BRL 71.705
Societe Wallonne de 0.913 7/31/2040 EUR 67.626
SAir Group 6.250 04/12/2005 CHF 12.625
Ukraine Government B 9.500 7/16/2025 UAH 42.444
Ukraine Government B 11.570 03/01/2028 UAH 32.594
Ukraine Government B 11.540 12/10/2025 UAH 42.735
BNG Bank NV 0.680 03/04/2050 EUR 71.516
Region de Bruxelles- 1.016 9/23/2057 EUR 69.829
Deutsche Bank AG/Lon 0.500 04/05/2038 MXN 22.402
DZ HYP AG 0.205 06/05/2040 EUR 70.397
Lehman Brothers Trea 4.100 06/10/2014 SGD 0.100
Single Platform Inve 0.800 04/07/2042 EUR 71.938
Virgolino de Oliveir 10.875 1/13/2020 USD 36.000
Polski Bank Spoldzie 9.430 9/14/2027 PLN 71.800
Lehman Brothers Trea 7.500 10/24/2008 USD 0.100
Landesbank Baden-Wue 0.310 12/09/2039 EUR 67.508
Region Wallonne Belg 1.240 5/28/2069 EUR 69.173
Sidetur Finance BV 10.000 4/20/2016 USD 0.770
Hellas Telecommunica 6.054 1/15/2015 USD 0.001
Single Platform Inve 0.656 2/15/2046 EUR 66.858
Single Platform Inve 1.033 2/15/2046 EUR 73.650
Wirtschafts- und Inf 0.208 1/28/2043 EUR 71.239
Russian Foreign Bond 12.750 6/24/2028 USD 24.585
Getin Noble Bank SA 7.230 7/26/2024 PLN 66.865
Region de Bruxelles- 1.053 11/14/2059 EUR 69.627
Communaute Francaise 0.500 6/27/2046 EUR 67.012
Leonteq Securities A 17.000 07/05/2022 EUR 33.220
Zurcher Kantonalbank 15.500 11/08/2022 USD 70.210
Sberbank of Russia P 0.010 11/27/2026 RUB 74.700
EFG International Fi 16.000 10/27/2022 CHF 54.970
Raiffeisen Switzerla 12.000 9/22/2022 CHF 42.250
Vita Line OOO 9.750 10/28/2025 RUB 74.040
Russian Federal Bond 5.900 03/12/2031 RUB 76.982
MetMax Europe Zrt 3.000 12/11/2030 HUF 70.700
UBS AG/London 18.000 6/16/2022 USD 43.000
Sberbank of Russia P 0.010 08/03/2028 RUB 75.000
Bank Otkritie Financ 0.010 7/28/2023 RUB 59.000
Corner Banca SA 15.400 4/26/2022 CHF 67.800
Erste Group Bank AG 6.250 8/31/2022 EUR 56.000
Sberbank of Russia P 0.010 11/24/2025 RUB 73.600
Bank Otkritie Financ 0.010 6/16/2023 RUB 55.000
Bank Julius Baer & C 10.250 10/05/2022 USD 41.900
Region Produkt OOO 11.500 09/03/2026 RUB 68.510
OR PJSC 16.000 11/26/2025 RUB 48.990
UBS AG/London 13.750 9/22/2022 CHF 73.950
Zurcher Kantonalbank 15.000 9/26/2022 EUR 77.430
VTB Bank PJSC 0.010 08/08/2023 RUB 71.110
UBS AG/London 14.250 08/10/2022 USD 70.450
VTB Bank PJSC 0.010 12/20/2024 RUB 57.030
Sberbank of Russia P 0.010 12/05/2024 RUB 70.010
DekaBank Deutsche Gi 8.100 8/26/2022 EUR 42.980
Axial Javito Kereske 2.000 9/23/2030 HUF 64.240
Bank Julius Baer & C 8.000 10/07/2022 USD 44.900
Russian Foreign Bond 12.750 6/24/2028 USD 24.754
Ukraine Government B 6.000 10/15/2031 UAH 15.184
Ukraine Government B 9.700 10/13/2032 UAH 22.684
Mriya Agro Holding P 10.950 3/30/2016 USD 4.667
Ukraine Government B 9.700 06/02/2032 UAH 22.772
Ukraine Government B 9.700 12/08/2032 UAH 22.521
KPNQwest NV 7.125 06/01/2009 EUR 0.453
United Kingdom Gilt 0.625 10/22/2050 GBP 70.071
Turkey Government Bo 10.600 02/11/2026 TRY 72.450
Caisse des Depots et 2.160 12/07/2050 AUD 69.208
Romanian Government 2.750 4/14/2041 EUR 70.256
Single Platform Inve 0.419 2/15/2040 EUR 69.319
Single Platform Inve 0.720 3/20/2051 EUR 65.872
Heta Asset Resolutio 5.730 12/31/2023 EUR 4.870
Hungary Government B 3.000 10/27/2038 HUF 63.744
Hema Bondco II BV 8.500 1/15/2023 EUR 0.113
Ukraine Government B 11.580 02/02/2028 UAH 32.802
Ukraine Government B 6.500 9/20/2023 UAH 62.673
Grupo Isolux Corsan 0.250 12/30/2018 EUR 0.100
Ukraine Government I 7.375 9/25/2032 USD 32.227
Barclays Bank PLC 13.810 4/16/2024 TRY 71.741
Natixis SA 2.930 7/29/2051 AUD 73.105
Lehman Brothers Trea 2.500 8/23/2012 GBP 0.100
Development Bank of 6.750 05/02/2024 USD 5.934
Development Bank of 6.750 05/02/2024 USD 5.934
Barclays Bank PLC 10.200 2/14/2025 TRY 58.045
Single Platform Inve 1.080 5/25/2066 EUR 68.899
Ukraine Government B 6.000 1/14/2026 UAH 32.470
Lehman Brothers Trea 4.350 08/08/2016 SGD 0.100
Laurel GmbH 7.125 11/16/2017 EUR 7.750
Region de Bruxelles- 0.720 10/17/2051 EUR 69.108
Ukraine Government I 9.750 11/01/2028 USD 34.365
Region de Bruxelles- 0.460 12/15/2051 EUR 62.275
Petromena ASA 9.750 5/24/2016 NOK 0.607
Ukraine Government I 4.375 1/27/2030 EUR 32.421
Agence Francaise de 2.360 10/17/2044 AUD 74.485
Bank Julius Baer & C 13.300 02/01/2023 CHF 65.800
Leonteq Securities A 12.000 05/03/2022 CHF 71.910
Landesbank Baden-Wue 8.100 8/26/2022 EUR 32.610
Landesbank Baden-Wue 2.800 8/26/2022 EUR 65.880
Landesbank Baden-Wue 4.400 8/26/2022 EUR 65.390
Landesbank Baden-Wue 3.100 8/26/2022 EUR 45.760
Landesbank Baden-Wue 4.650 8/26/2022 EUR 76.450
Landesbank Baden-Wue 6.450 8/26/2022 EUR 70.000
Landesbank Baden-Wue 6.000 8/26/2022 EUR 36.170
Landesbank Baden-Wue 5.550 8/26/2022 EUR 54.870
Landesbank Baden-Wue 2.650 8/26/2022 EUR 73.020
Landesbank Baden-Wue 4.050 8/26/2022 EUR 30.670
Landesbank Baden-Wue 3.150 8/26/2022 EUR 71.180
Raiffeisen Switzerla 9.000 7/29/2022 CHF 63.670
UBS AG/London 15.000 08/03/2022 CHF 57.900
Raiffeisen Switzerla 10.100 02/08/2023 CHF 69.560
BNP Paribas Emission 3.000 6/23/2022 EUR 74.400
UBS AG/London 11.250 02/03/2023 CHF 62.100
Vontobel Financial P 0.212 02/03/2023 EUR 49.900
Landesbank Baden-Wue 3.300 8/26/2022 EUR 75.290
BNP Paribas Emission 14.000 6/23/2022 EUR 68.260
VTB Bank PJSC 0.010 03/11/2026 RUB 56.070
DZ Bank AG Deutsche 6.250 6/22/2022 EUR 69.650
Bank Vontobel AG 11.003 10/03/2022 CHF 67.900
Bank Vontobel AG 10.009 10/03/2022 EUR 67.100
Bank Julius Baer & C 14.650 07/07/2022 USD 32.050
Leonteq Securities A 10.600 10/12/2022 CHF 61.160
UBS AG/London 14.250 10/07/2022 USD 36.850
UBS AG/London 13.000 04/11/2023 CHF 72.200
UBS AG/London 9.000 10/10/2022 CHF 67.200
Raiffeisen Schweiz G 7.200 10/06/2022 CHF 67.860
DekaBank Deutsche Gi 4.250 05/05/2022 EUR 58.460
Corner Banca SA 12.600 10/12/2022 EUR 66.710
EFG International Fi 12.000 10/12/2022 CHF 50.950
Vontobel Financial P 5.500 6/17/2022 USD 36.630
Bank Julius Baer & C 9.300 07/07/2022 EUR 71.600
Bank Vontobel AG 10.006 10/03/2022 EUR 67.100
Bank Vontobel AG 13.005 10/03/2022 CHF 35.200
BNP Paribas Emission 6.000 6/23/2022 EUR 68.850
BNP Paribas Emission 7.500 6/23/2022 EUR 65.620
BNP Paribas Emission 10.000 6/23/2022 EUR 63.880
BNP Paribas Emission 12.000 6/23/2022 EUR 59.440
BNP Paribas Emission 11.000 6/23/2022 EUR 66.670
BNP Paribas Emission 11.000 6/23/2022 EUR 35.750
BNP Paribas Emission 15.000 6/23/2022 EUR 32.070
BNP Paribas Emission 8.000 6/23/2022 EUR 58.830
BNP Paribas Emission 8.000 6/23/2022 EUR 55.030
BNP Paribas Emission 5.500 6/23/2022 EUR 70.010
BNP Paribas Emission 9.500 6/23/2022 EUR 75.000
BNP Paribas Emission 8.000 6/23/2022 EUR 39.760
BNP Paribas Emission 8.500 6/23/2022 EUR 38.610
BNP Paribas Emission 9.000 6/23/2022 EUR 36.990
BNP Paribas Emission 11.000 6/23/2022 EUR 68.460
BNP Paribas Emission 9.000 6/23/2022 EUR 71.880
BNP Paribas Emission 7.000 6/23/2022 EUR 76.760
BNP Paribas Emission 12.000 6/23/2022 EUR 67.430
Sberbank of Russia P 0.010 04/06/2026 RUB 66.300
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 70.360
UBS AG/London 9.250 04/08/2026 EUR 74.160
DZ Bank AG Deutsche 5.250 9/21/2022 EUR 74.990
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 69.780
Zurcher Kantonalbank 8.000 7/14/2022 CHF 64.180
BNP Paribas Emission 5.500 6/23/2022 EUR 66.780
BNP Paribas Emission 10.000 6/23/2022 EUR 75.770
BNP Paribas Emission 11.000 6/23/2022 EUR 73.890
BNP Paribas Emission 13.000 6/23/2022 EUR 68.680
BNP Paribas Emission 6.000 6/23/2022 EUR 64.780
BNP Paribas Emission 7.500 6/23/2022 EUR 63.070
BNP Paribas Emission 9.500 6/23/2022 EUR 38.370
BNP Paribas Emission 10.000 6/23/2022 EUR 35.750
BNP Paribas Emission 9.000 6/23/2022 EUR 71.910
BNP Paribas Emission 10.000 6/23/2022 EUR 72.340
BNP Paribas Emission 18.000 6/23/2022 EUR 74.980
BNP Paribas Emission 6.500 6/23/2022 EUR 67.730
BNP Paribas Emission 8.000 6/23/2022 EUR 63.570
BNP Paribas Emission 11.000 6/23/2022 EUR 62.040
BNP Paribas Emission 13.000 6/23/2022 EUR 57.080
BNP Paribas Emission 20.000 6/23/2022 EUR 68.920
BNP Paribas Emission 13.000 6/23/2022 EUR 34.200
BNP Paribas Emission 12.000 6/23/2022 EUR 73.720
BNP Paribas Emission 4.500 6/23/2022 EUR 72.460
BNP Paribas Emission 8.500 6/23/2022 EUR 74.280
BNP Paribas Emission 9.000 6/23/2022 EUR 77.010
BNP Paribas Emission 9.500 6/23/2022 EUR 72.130
BNP Paribas Emission 6.500 6/23/2022 EUR 78.000
BNP Paribas Emission 10.000 6/23/2022 EUR 52.020
BNP Paribas Emission 13.000 6/23/2022 EUR 49.550
BNP Paribas Emission 8.500 6/23/2022 EUR 72.690
BNP Paribas Emission 16.000 6/23/2022 EUR 60.040
Sberbank of Russia P 0.010 04/06/2026 RUB 56.000
Sberbank of Russia P 0.010 04/05/2028 RUB 73.100
VTB Bank PJSC 0.010 03/11/2026 RUB 60.110
Landesbank Baden-Wue 3.100 4/23/2027 EUR 74.820
BNP Paribas Emission 8.500 6/23/2022 EUR 77.690
BNP Paribas Emission 12.000 6/23/2022 EUR 71.170
BNP Paribas Emission 8.000 6/23/2022 EUR 61.910
BNP Paribas Emission 11.000 6/23/2022 EUR 66.970
EFG International Fi 6.000 3/30/2023 USD 65.450
UniCredit Bank AG 5.300 05/12/2025 EUR 75.800
BNP Paribas Emission 9.500 6/23/2022 EUR 60.960
BNP Paribas Emission 10.000 6/23/2022 EUR 37.620
BNP Paribas Emission 12.000 6/23/2022 EUR 34.350
BNP Paribas Emission 14.000 6/23/2022 EUR 33.120
BNP Paribas Emission 15.000 6/23/2022 EUR 32.420
BNP Paribas Emission 15.000 6/23/2022 EUR 31.360
BNP Paribas Emission 13.000 6/23/2022 EUR 70.850
Raiffeisen Schweiz G 8.000 10/06/2022 CHF 65.340
Vontobel Financial P 14.500 6/24/2022 EUR 62.810
Vontobel Financial P 5.000 9/23/2022 EUR 73.060
Vontobel Financial P 12.000 9/23/2022 EUR 65.340
Vontobel Financial P 13.500 9/23/2022 EUR 60.400
Vontobel Financial P 11.500 9/23/2022 EUR 75.160
Vontobel Financial P 13.500 9/23/2022 EUR 72.850
Vontobel Financial P 16.500 9/23/2022 EUR 69.810
Vontobel Financial P 4.500 9/23/2022 EUR 71.610
Vontobel Financial P 11.000 9/23/2022 EUR 62.010
Vontobel Financial P 13.500 9/23/2022 EUR 59.830
Vontobel Financial P 7.500 9/23/2022 EUR 66.140
Vontobel Financial P 8.500 6/24/2022 EUR 64.500
EFG International Fi 6.000 12/22/2023 USD 21.860
Vontobel Financial P 13.750 6/24/2022 EUR 44.600
Vontobel Financial P 9.000 6/24/2022 EUR 70.520
Basler Kantonalbank 12.000 10/14/2022 CHF 64.520
Vontobel Financial P 7.000 9/23/2022 EUR 69.960
Vontobel Financial P 5.000 9/23/2022 EUR 72.880
Vontobel Financial P 7.500 9/23/2022 EUR 67.780
Vontobel Financial P 10.500 9/23/2022 EUR 63.710
Vontobel Financial P 12.000 6/24/2022 EUR 61.460
Vontobel Financial P 12.500 9/23/2022 EUR 73.970
Vontobel Financial P 12.000 9/23/2022 EUR 60.770
Vontobel Financial P 10.000 6/24/2022 EUR 62.760
Vontobel Financial P 11.500 6/24/2022 EUR 61.150
Vontobel Financial P 6.500 9/23/2022 EUR 67.820
Vontobel Financial P 8.000 9/23/2022 EUR 65.350
Vontobel Financial P 10.750 6/24/2022 EUR 40.460
Vontobel Financial P 16.750 6/24/2022 EUR 55.080
Vontobel Financial P 6.250 6/24/2022 EUR 68.550
Vontobel Financial P 17.750 6/24/2022 EUR 43.380
EFG International Fi 8.000 1/19/2023 CHF 61.170
EFG International Fi 9.000 1/16/2023 CHF 38.270
Raiffeisen Schweiz G 16.000 7/13/2022 CHF 66.420
Societe Generale Eff 4.000 7/22/2022 USD 38.930
Sberbank of Russia P 0.010 12/17/2025 RUB 66.200
GVC George's Venture 2.500 12/18/2030 HUF
Bank Julius Baer & C 7.750 7/15/2022 USD 55.400
Leonteq Securities A 13.000 6/21/2022 CHF 36.410
Raiffeisen Schweiz G 18.520 7/13/2022 CHF 26.250
Vontobel Financial P 11.000 6/24/2022 EUR 74.580
Vontobel Financial P 9.000 9/23/2022 EUR 65.650
Vontobel Financial P 7.000 6/24/2022 EUR 69.150
Vontobel Financial P 14.500 9/23/2022 EUR 71.780
Vontobel Financial P 18.500 9/23/2022 EUR 68.050
Vontobel Financial P 8.500 9/23/2022 EUR 64.580
Vontobel Financial P 13.000 6/24/2022 EUR 59.650
Vontobel Financial P 5.500 9/23/2022 EUR 69.640
Vontobel Financial P 10.000 9/23/2022 EUR 63.340
Vontobel Financial P 14.000 9/23/2022 EUR 74.740
Vontobel Financial P 7.000 9/23/2022 EUR 76.760
Vontobel Financial P 8.500 9/23/2022 EUR 73.510
Vontobel Financial P 10.500 9/23/2022 EUR 70.790
Vontobel Financial P 18.000 9/23/2022 EUR 68.680
Raiffeisen Schweiz G 12.000 07/12/2022 CHF 57.700
Raiffeisen Schweiz G 6.500 01/12/2023 CHF 65.740
Vontobel Financial P 11.000 9/23/2022 EUR 74.160
DZ Bank AG Deutsche 7.000 6/20/2022 EUR 75.010
Vontobel Financial P 15.000 9/23/2022 EUR 71.120
Vontobel Financial P 15.000 6/24/2022 EUR 73.970
Vontobel Financial P 13.000 9/23/2022 EUR 68.590
Vontobel Financial P 10.500 6/24/2022 EUR 71.890
Zurcher Kantonalbank 10.000 6/28/2022 CHF 65.910
Zurcher Kantonalbank 8.000 6/28/2022 EUR 69.890
EFG International Fi 10.030 7/26/2022 USD 45.290
Sberbank of Russia P 0.010 12/17/2025 RUB 66.100
Sberbank of Russia P 0.010 12/17/2025 RUB 62.900
UBS AG/London 12.500 6/23/2022 USD 34.900
UBS AG/London 6.250 12/23/2022 CHF 41.950
Corner Banca SA 13.000 10/19/2022 CHF 35.770
Leonteq Securities A 10.000 1/19/2023 CHF 67.200
Corner Banca SA 11.200 7/19/2022 CHF 32.970
Corner Banca SA 8.000 1/16/2023 CHF 57.320
Corner Banca SA 13.000 1/19/2023 USD 44.620
Leonteq Securities A 10.400 1/19/2023 CHF 60.490
Leonteq Securities A 10.000 10/19/2022 CHF 42.590
Vontobel Financial P 10.000 9/23/2022 EUR 47.690
Vontobel Financial P 16.500 9/23/2022 EUR 43.130
Vontobel Financial P 11.500 6/24/2022 EUR 45.220
Vontobel Financial P 11.500 9/23/2022 EUR 53.560
Vontobel Financial P 6.500 6/24/2022 EUR 58.680
Vontobel Financial P 7.000 9/23/2022 EUR 46.340
Vontobel Financial P 6.000 9/23/2022 EUR 47.740
Vontobel Financial P 8.500 9/23/2022 EUR 45.290
Landesbank Baden-Wue 3.100 7/22/2022 EUR 72.370
Landesbank Baden-Wue 2.300 7/22/2022 EUR 75.400
Landesbank Baden-Wue 3.150 7/22/2022 EUR 72.060
Landesbank Baden-Wue 4.700 7/22/2022 EUR 67.550
Landesbank Baden-Wue 6.250 7/22/2022 EUR 47.320
Societe Generale Eff 9.000 6/24/2022 EUR 35.430
Societe Generale Eff 10.750 6/24/2022 EUR 32.060
Societe Generale Eff 4.250 7/22/2022 EUR 44.940
Societe Generale Eff 8.250 7/22/2022 EUR 35.400
EFG International Fi 6.200 12/18/2023 USD 17.170
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 27.820
Raiffeisen Switzerla 7.500 02/08/2023 CHF 65.510
DZ Bank AG Deutsche 17.500 6/24/2022 EUR 64.760
Vontobel Financial P 15.000 9/23/2022 EUR 70.500
Vontobel Financial P 12.500 9/23/2022 EUR 73.680
Vontobel Financial P 17.000 9/23/2022 EUR 71.720
Vontobel Financial P 15.000 9/23/2022 EUR 66.480
Vontobel Financial P 13.000 6/24/2022 EUR 68.700
Vontobel Financial P 13.000 9/23/2022 EUR 74.610
Vontobel Financial P 8.500 9/23/2022 EUR 43.380
Vontobel Financial P 15.000 9/23/2022 EUR 39.380
Vontobel Financial P 4.500 9/23/2022 EUR 57.650
Vontobel Financial P 13.000 9/23/2022 EUR 57.210
Vontobel Financial P 9.000 6/24/2022 EUR 57.350
Vontobel Financial P 6.000 9/23/2022 EUR 60.350
Zurcher Kantonalbank 9.500 7/22/2022 CHF 71.220
Zurcher Kantonalbank 19.000 7/22/2022 CHF 44.600
UBS AG/London 22.500 6/16/2022 USD 42.450
UBS AG/London 14.500 6/16/2022 CHF 61.350
Raiffeisen Schweiz G 10.000 10/12/2022 EUR 58.800
Raiffeisen Schweiz G 12.000 10/13/2022 CHF 65.560
Societe Generale Eff 14.750 6/24/2022 EUR 29.110
Societe Generale Eff 12.250 7/22/2022 EUR 31.430
Vontobel Financial P 15.750 6/24/2022 EUR 66.980
DZ Bank AG Deutsche 18.500 6/24/2022 EUR 60.830
Vontobel Financial P 5.500 9/23/2022 EUR 46.580
Vontobel Financial P 11.500 9/23/2022 EUR 40.980
Vontobel Financial P 7.500 9/23/2022 EUR 54.960
Vontobel Financial P 3.500 9/23/2022 EUR 57.660
Vontobel Financial P 6.500 9/23/2022 EUR 58.470
Vontobel Financial P 4.500 9/23/2022 EUR 61.080
Vontobel Financial P 3.500 9/23/2022 EUR 59.330
Zurcher Kantonalbank 20.000 7/22/2022 USD 35.690
UBS AG/London 11.750 6/16/2022 CHF 63.750
Landesbank Baden-Wue 4.750 7/22/2022 EUR 73.160
DZ Bank AG Deutsche 15.000 6/24/2022 EUR 73.330
Landesbank Baden-Wue 4.800 7/22/2022 EUR 68.120
Landesbank Baden-Wue 4.000 7/22/2022 EUR 51.260
Societe Generale Eff 12.750 6/24/2022 EUR 30.410
Landesbank Baden-Wue 3.150 7/22/2022 EUR 53.860
Landesbank Baden-Wue 7.200 7/22/2022 EUR 47.160
Landesbank Baden-Wue 9.250 7/22/2022 EUR 45.310
DZ Bank AG Deutsche 15.900 6/24/2022 EUR 64.880
Raiffeisen Switzerla 11.000 08/05/2022 EUR 50.060
Vontobel Financial P 11.000 6/24/2022 EUR 74.610
Vontobel Financial P 11.500 6/24/2022 EUR 74.570
DZ Bank AG Deutsche 8.000 7/20/2022 EUR 72.320
DZ Bank AG Deutsche 8.750 6/22/2022 EUR 70.040
Vontobel Financial P 14.000 6/24/2022 EUR 42.010
DZ Bank AG Deutsche 5.000 7/20/2022 EUR 72.000
DZ Bank AG Deutsche 8.000 7/20/2022 EUR 67.640
DZ Bank AG Deutsche 5.250 9/21/2022 EUR 70.980
Bank Julius Baer & C 15.000 7/13/2022 USD 42.500
DZ Bank AG Deutsche 7.000 9/21/2022 EUR 73.110
Vasutvillamosito Kft 3.000 02/03/2031 HUF 73.200
DZ Bank AG Deutsche 6.100 6/20/2022 EUR 69.490
DZ Bank AG Deutsche 5.100 6/20/2022 EUR 70.940
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 74.000
Zurcher Kantonalbank 15.000 7/20/2022 CHF 54.940
EFG International Fi 6.000 7/13/2022 EUR 57.360
Leonteq Securities A 11.000 08/05/2022 CHF 62.870
DZ Bank AG Deutsche 7.250 9/21/2022 EUR 71.380
Vontobel Financial P 9.250 6/24/2022 EUR 68.000
DZ Bank AG Deutsche 9.000 9/21/2022 EUR 62.060
DZ Bank AG Deutsche 6.500 9/19/2022 EUR 67.100
DZ Bank AG Deutsche 6.250 6/20/2022 EUR 65.210
Bank Julius Baer & C 14.500 1/13/2023 USD 34.400
Vontobel Financial P 9.000 9/23/2022 EUR 70.250
Vontobel Financial P 5.500 9/23/2022 EUR 74.010
Vontobel Financial P 12.500 9/23/2022 EUR 73.030
Vontobel Financial P 6.000 9/23/2022 EUR 52.810
Credit Suisse AG/Lon 9.000 05/05/2022 CHF 58.660
Vontobel Financial P 23.500 6/24/2022 EUR 75.750
BNP Paribas Emission 4.000 6/23/2022 EUR 74.020
Vontobel Financial P 9.500 9/23/2022 EUR 70.520
Vontobel Financial P 16.000 6/24/2022 EUR 62.970
Vontobel Financial P 11.000 9/23/2022 EUR 67.360
Vontobel Financial P 14.000 9/23/2022 EUR 64.890
Vontobel Financial P 8.000 9/23/2022 EUR 70.310
SG Issuer SA 0.021 07/07/2033 EUR 72.110
Bank Vontobel AG 10.500 1/16/2023 CHF 53.600
Bank Vontobel AG 8.000 7/18/2022 CHF 29.300
Vontobel Financial P 13.500 9/23/2022 EUR 45.190
Vontobel Financial P 11.000 6/24/2022 EUR 53.050
Vontobel Financial P 15.000 9/23/2022 EUR 41.200
Vontobel Financial P 9.500 9/23/2022 EUR 44.150
Vontobel Financial P 11.000 9/23/2022 EUR 43.330
Sberbank of Russia P 0.010 12/22/2025 RUB 64.800
Leonteq Securities A 12.000 6/28/2022 CHF 68.780
Sberbank of Russia P 0.010 12/29/2025 RUB 72.200
Vontobel Financial P 8.400 12/04/2023 EUR 77.120
Societe Generale Eff 13.250 6/24/2022 EUR 74.500
EFG International Fi 10.000 7/27/2022 CHF 61.350
Leonteq Securities A 9.000 02/01/2023 CHF 62.750
Leonteq Securities A 15.000 4/28/2022 CHF 63.530
Leonteq Securities A 9.000 7/29/2022 CHF 60.500
Societe Generale Eff 16.250 5/27/2022 EUR 69.860
Societe Generale Eff 13.500 8/26/2022 EUR 72.810
Raiffeisen Switzerla 7.300 1/25/2023 CHF 60.820
Erste Group Bank AG 7.250 03/03/2026 EUR 42.950
Leonteq Securities A 10.000 4/26/2022 CHF 58.320
Landesbank Baden-Wue 4.700 10/28/2022 EUR 66.780
Bank Vontobel AG 6.007 9/26/2022 CHF 68.000
Bank Vontobel AG 9.009 9/26/2022 EUR 64.300
Bank Vontobel AG 12.751 6/27/2022 CHF 31.300
Bank Vontobel AG 15.009 6/27/2022 CHF 29.400
Bank Vontobel AG 22.008 6/27/2022 CHF 54.000
UBS AG/London 9.750 9/30/2022 CHF 80.700
UBS AG/London 16.000 9/30/2022 CHF 37.550
Landesbank Baden-Wue 3.750 10/28/2022 EUR 69.350
Landesbank Baden-Wue 3.500 10/28/2022 EUR 42.920
Bank Vontobel AG 9.000 9/26/2022 EUR 64.300
Bank Vontobel AG 4.255 6/27/2022 CHF 66.500
Bank Vontobel AG 14.006 9/26/2022 CHF 32.200
Bank Vontobel AG 12.508 9/26/2022 CHF 62.200
Bank Vontobel AG 5.507 9/25/2023 CHF 72.100
Landesbank Baden-Wue 7.500 10/28/2022 EUR 74.490
Landesbank Baden-Wue 5.600 10/28/2022 EUR 70.760
Landesbank Baden-Wue 5.050 10/28/2022 EUR 49.400
Landesbank Baden-Wue 4.050 10/28/2022 EUR 40.960
Landesbank Baden-Wue 6.350 10/28/2022 EUR 36.880
Landesbank Baden-Wue 7.100 10/28/2022 EUR 58.350
Vontobel Financial P 9.250 12/23/2022 EUR 47.260
UBS AG/London 7.250 11/03/2023 CHF 73.550
Leonteq Securities A 3.790 1/25/2023 EUR 75.130
EFG International Fi 15.000 11/03/2022 CHF 67.260
Leonteq Securities A 7.000 7/22/2022 CHF 64.390
Nordea Bank Abp 7.100 7/20/2024 SEK 70.490
Nordea Bank Abp 9.000 7/20/2024 SEK 67.030
UniCredit Bank AG 4.350 7/31/2023 EUR 59.560
Sberbank of Russia P 0.010 1/21/2026 RUB 63.700
UBS AG/London 9.750 7/20/2022 CHF 57.250
Zurcher Kantonalbank 8.000 4/29/2022 USD 46.430
DZ Bank AG Deutsche 15.600 9/23/2022 EUR 58.210
DZ Bank AG Deutsche 19.900 6/24/2022 EUR 59.270
DZ Bank AG Deutsche 15.700 9/23/2022 EUR 62.500
DZ Bank AG Deutsche 15.800 9/23/2022 EUR 28.990
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 64.650
UniCredit Bank AG 10.700 02/03/2025 EUR 72.800
UniCredit Bank AG 10.700 2/17/2025 EUR 73.480
Sberbank of Russia P 0.010 1/21/2026 RUB 64.100
DZ Bank AG Deutsche 17.600 6/24/2022 EUR 54.900
DZ Bank AG Deutsche 17.500 9/23/2022 EUR 60.160
DZ Bank AG Deutsche 17.000 6/24/2022 EUR 68.410
DZ Bank AG Deutsche 18.000 6/24/2022 EUR 25.420
UBS AG/London 7.750 7/20/2022 CHF 47.600
DZ Bank AG Deutsche 13.500 9/23/2022 EUR 72.040
Bank Vontobel AG 7.506 7/15/2022 CHF 57.100
Zurcher Kantonalbank 7.500 4/29/2022 CHF 46.310
Zurcher Kantonalbank 7.500 7/28/2022 CHF 59.950
DZ Bank AG Deutsche 21.100 6/24/2022 EUR 57.240
DZ Bank AG Deutsche 24.900 9/23/2022 EUR 54.710
DZ Bank AG Deutsche 13.300 9/23/2022 EUR 70.380
DZ Bank AG Deutsche 8.600 6/24/2022 EUR 63.300
DZ Bank AG Deutsche 7.900 9/23/2022 EUR 69.600
UBS AG/London 7.750 7/20/2022 CHF 56.850
UBS AG/London 15.250 7/21/2022 USD 34.450
DZ Bank AG Deutsche 16.200 6/24/2022 EUR 69.180
DZ Bank AG Deutsche 13.000 6/24/2022 EUR 55.110
Bank Julius Baer & C 11.050 11/03/2022 USD 75.650
Leonteq Securities A 14.000 4/26/2022 CHF 31.390
Leonteq Securities A 13.000 7/25/2022 USD 31.340
Leonteq Securities A 7.450 1/25/2023 EUR 36.710
UBS AG/London 7.250 05/03/2023 EUR 72.000
EFG International Fi 4.750 1/29/2024 USD 57.110
Sberbank of Russia P 0.010 11/02/2028 RUB 68.400
DZ Bank AG Deutsche 7.750 6/22/2022 EUR 69.970
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 75.000
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 74.600
Vontobel Financial P 13.000 9/23/2022 EUR 74.330
Vontobel Financial P 14.500 9/23/2022 EUR 72.760
Vontobel Financial P 19.000 9/23/2022 EUR 68.750
Vontobel Financial P 15.500 9/23/2022 EUR 73.070
Vontobel Financial P 12.500 9/23/2022 EUR 66.070
Vontobel Financial P 16.000 9/23/2022 EUR 64.020
Bank Julius Baer & C 15.000 6/15/2022 USD 67.900
Zurcher Kantonalbank 11.500 07/06/2022 CHF 75.530
Zurcher Kantonalbank 11.250 07/06/2022 EUR 41.470
Leonteq Securities A 11.000 9/15/2022 CHF 34.960
Vontobel Financial P 11.500 6/24/2022 EUR 73.800
Vontobel Financial P 11.500 6/24/2022 EUR 70.790
Societe Generale Eff 9.000 8/26/2022 EUR 71.830
DZ Bank AG Deutsche 7.500 7/20/2022 EUR 65.060
Vontobel Financial P 20.000 6/24/2022 EUR 53.590
DZ Bank AG Deutsche 4.750 9/21/2022 EUR 60.340
Leonteq Securities A 14.000 10/05/2022 CHF 61.480
Corner Banca SA 16.000 10/05/2022 CHF 59.940
Vontobel Financial P 8.000 9/23/2022 EUR 62.360
Vontobel Financial P 7.000 9/23/2022 EUR 61.950
Leonteq Securities A 10.000 12/14/2022 CHF 59.950
Leonteq Securities A 9.000 01/06/2023 CHF 65.350
Vontobel Financial P 15.000 6/24/2022 EUR 54.320
Federal Grid Co Unif 7.500 5/21/2036 RUB 66.180
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 74.870
DZ Bank AG Deutsche 8.000 9/21/2022 EUR 64.660
Vontobel Financial P 16.000 9/23/2022 EUR 71.310
Vontobel Financial P 14.000 9/23/2022 EUR 74.290
Vontobel Financial P 10.500 9/23/2022 EUR 78.200
Vontobel Financial P 14.500 9/23/2022 EUR 74.150
Vontobel Financial P 14.500 9/23/2022 EUR 65.090
Vontobel Financial P 3.500 9/23/2022 EUR 55.640
Vontobel Financial P 8.500 9/23/2022 EUR 66.640
Leonteq Securities A 20.000 6/15/2022 CHF 33.000
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 69.270
DZ Bank AG Deutsche 5.750 9/21/2022 EUR 70.560
DZ Bank AG Deutsche 5.250 9/21/2022 EUR 72.970
DZ Bank AG Deutsche 5.250 9/21/2022 EUR 73.790
Vontobel Financial P 8.000 9/23/2022 EUR 70.300
Vontobel Financial P 3.750 01/03/2023 EUR 37.920
Vontobel Financial P 13.000 9/23/2022 EUR 75.350
Vontobel Financial P 14.000 9/23/2022 EUR 72.850
Vontobel Financial P 12.500 9/23/2022 EUR 73.750
Vontobel Financial P 19.000 9/23/2022 EUR 71.090
Vontobel Financial P 17.500 9/23/2022 EUR 72.140
Vontobel Financial P 15.000 9/23/2022 EUR 71.810
Bank Julius Baer & C 6.900 07/06/2022 CHF 72.100
Bank Julius Baer & C 6.300 07/06/2022 CHF 69.950
Zurcher Kantonalbank 11.500 07/06/2022 EUR 70.090
Zurcher Kantonalbank 15.250 07/06/2022 CHF 39.260
Leonteq Securities A 15.000 6/15/2022 CHF 25.640
Vontobel Financial P 17.000 9/23/2022 EUR 71.190
Vontobel Financial P 13.500 6/24/2022 EUR 70.440
Vontobel Financial P 10.500 10/18/2022 EUR 36.280
Zurcher Kantonalbank 15.000 7/13/2022 CHF 36.810
Credit Suisse AG/Lon 15.000 6/14/2022 CHF 66.120
Vontobel Financial P 15.500 9/23/2022 EUR 72.840
Vontobel Financial P 5.000 9/23/2022 EUR 68.730
DZ Bank AG Deutsche 5.250 7/20/2022 EUR 73.500
Vontobel Financial P 16.000 6/24/2022 EUR 77.300
Societe Generale Eff 8.000 8/26/2022 EUR 73.490
DZ Bank AG Deutsche 5.750 7/20/2022 EUR 63.140
DZ Bank AG Deutsche 8.750 7/20/2022 EUR 68.810
Leonteq Securities A 5.710 9/23/2022 USD 49.530
Bank Julius Baer & C 7.350 9/23/2022 USD 68.250
Vontobel Financial P 15.500 6/24/2022 EUR 66.980
DZ Bank AG Deutsche 5.000 7/20/2022 EUR 78.440
DZ Bank AG Deutsche 7.000 9/21/2022 EUR 61.250
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 75.060
Zurcher Kantonalbank 11.000 6/22/2022 USD 57.640
Vontobel Financial P 11.500 6/24/2022 EUR 67.110
Vontobel Financial P 15.500 6/24/2022 EUR 59.910
Sberbank of Russia P 0.010 07/05/2028 RUB 59.700
Sberbank of Russia P 0.010 07/06/2026 RUB 74.000
Sberbank of Russia P 0.010 07/03/2026 RUB 55.800
EFG International Fi 18.000 6/30/2022 EUR 65.280
DZ Bank AG Deutsche 6.000 6/22/2022 EUR 73.840
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 70.520
DZ Bank AG Deutsche 16.000 6/22/2022 EUR 73.390
Vontobel Financial P 17.500 9/23/2022 EUR 69.980
Vontobel Financial P 11.500 9/23/2022 EUR 76.630
Vontobel Financial P 9.500 9/23/2022 EUR 68.770
Vontobel Financial P 6.500 9/23/2022 EUR 64.270
Raiffeisen Schweiz G 7.500 3/17/2023 USD 55.600
Vontobel Financial P 13.500 6/24/2022 EUR 68.800
Vontobel Financial P 17.000 6/24/2022 EUR 65.150
Vontobel Financial P 14.000 6/24/2022 EUR 76.980
Leonteq Securities A 12.000 8/31/2022 CHF 64.920
Zurcher Kantonalbank 6.500 06/07/2022 CHF 64.580
Raiffeisen Schweiz G 17.500 9/14/2022 CHF 74.230
Raiffeisen Schweiz G 7.250 9/13/2023 CHF 74.200
Erste Group Bank AG 4.000 10/01/2025 EUR 58.300
Societe Generale Eff 9.250 6/24/2022 EUR 73.030
Societe Generale Eff 7.000 10/28/2022 EUR 74.370
Vontobel Financial P 13.500 6/24/2022 EUR 69.030
Vontobel Financial P 10.500 6/24/2022 EUR 68.290
Vontobel Financial P 8.000 6/24/2022 EUR 51.310
Vontobel Financial P 12.500 6/24/2022 EUR 52.040
Vontobel Financial P 11.000 6/24/2022 EUR 69.810
Vontobel Financial P 13.250 9/23/2022 EUR 55.160
Societe Generale Eff 10.500 10/28/2022 EUR 70.800
Societe Generale Eff 10.500 10/28/2022 EUR 35.730
Vontobel Financial P 7.000 9/23/2022 EUR 64.960
Vontobel Financial P 18.500 9/23/2022 EUR 54.810
Vontobel Financial P 6.000 9/23/2022 EUR 66.060
Vontobel Financial P 9.000 9/23/2022 EUR 61.620
Vontobel Financial P 8.500 9/23/2022 EUR 53.890
Societe Generale Eff 13.750 10/28/2022 EUR 71.660
Raiffeisen Schweiz G 16.000 9/20/2022 CHF 33.480
Vontobel Financial P 11.000 6/24/2022 EUR 70.710
Vontobel Financial P 18.000 6/24/2022 EUR 70.890
Leonteq Securities A 25.680 9/23/2022 CHF 36.180
Vontobel Financial P 15.000 9/23/2022 EUR 44.150
Vontobel Financial P 13.000 9/23/2022 EUR 45.230
Vontobel Financial P 9.000 9/23/2022 EUR 48.010
Vontobel Financial P 9.000 9/23/2022 EUR 73.660
Vontobel Financial P 13.500 9/23/2022 EUR 69.530
Vontobel Financial P 13.500 6/24/2022 EUR 69.110
Vontobel Financial P 12.500 9/23/2022 EUR 68.190
Vontobel Financial P 16.000 9/23/2022 EUR 65.800
Vontobel Financial P 11.000 9/23/2022 EUR 69.670
Basler Kantonalbank 12.000 12/22/2022 CHF 65.180
Vontobel Financial P 12.500 9/23/2022 EUR 58.250
Vontobel Financial P 16.250 6/24/2022 EUR 59.880
VTB Bank PJSC 0.010 06/03/2026 RUB 65.200
Leonteq Securities A 20.880 9/23/2022 CHF 30.960
Vontobel Financial P 5.000 6/24/2022 EUR 57.070
Vontobel Financial P 8.000 6/24/2022 EUR 47.530
Vontobel Financial P 17.500 9/23/2022 EUR 55.290
Vontobel Financial P 10.000 9/23/2022 EUR 60.750
Basler Kantonalbank 8.000 3/22/2023 CHF 68.080
Vontobel Financial P 7.250 6/24/2022 EUR 59.050
Leonteq Securities A 14.000 9/23/2022 CHF 66.970
Leonteq Securities A 10.000 12/23/2022 CHF 71.250
Societe Generale Eff 6.500 10/28/2022 EUR 43.010
Societe Generale Eff 8.500 10/28/2022 EUR 38.280
Societe Generale Eff 12.500 10/28/2022 EUR 34.040
Societe Generale Eff 16.250 9/23/2022 EUR 57.140
Societe Generale Eff 5.500 10/28/2022 EUR 74.920
Societe Generale Eff 6.500 10/28/2022 EUR 73.110
Societe Generale Eff 7.500 10/28/2022 EUR 71.610
Societe Generale Eff 8.500 10/28/2022 EUR 70.360
Societe Generale Eff 7.250 6/24/2022 EUR 76.750
Societe Generale Eff 13.500 9/23/2022 EUR 66.810
Societe Generale Eff 8.000 10/28/2022 EUR 72.450
Leonteq Securities A 22.520 07/06/2022 CHF 22.460
Leonteq Securities A 20.000 07/06/2022 CHF 32.020
Vontobel Financial P 15.500 6/24/2022 EUR 66.980
Vontobel Financial P 10.000 6/24/2022 EUR 73.560
Vontobel Financial P 5.000 9/23/2022 EUR 68.870
Vontobel Financial P 5.500 9/23/2022 EUR 67.430
Vontobel Financial P 7.500 9/23/2022 EUR 63.720
Vontobel Financial P 11.000 9/23/2022 EUR 59.940
Vontobel Financial P 11.500 9/23/2022 EUR 58.970
Vontobel Financial P 14.500 9/23/2022 EUR 56.950
Vontobel Financial P 13.500 9/23/2022 EUR 57.580
Vontobel Financial P 9.250 9/23/2022 EUR 74.140
Societe Generale Eff 8.500 10/28/2022 EUR 73.940
Societe Generale Eff 14.500 10/28/2022 EUR 33.080
Societe Generale Eff 6.250 9/23/2022 EUR 75.910
Societe Generale Eff 11.750 10/28/2022 EUR 74.320
Sberbank of Russia P 0.010 9/21/2028 RUB 55.100
Raiffeisen Schweiz G 16.000 9/20/2022 CHF 39.660
Raiffeisen Schweiz G 7.500 3/17/2023 CHF 63.230
Vontobel Financial P 7.500 6/24/2022 EUR 79.340
Vontobel Financial P 8.000 6/24/2022 EUR 58.270
Vontobel Financial P 17.500 9/23/2022 EUR 43.440
Vontobel Financial P 11.000 9/23/2022 EUR 46.510
Vontobel Financial P 7.000 9/23/2022 EUR 49.790
Vontobel Financial P 11.000 9/23/2022 EUR 71.370
Vontobel Financial P 11.500 6/24/2022 EUR 74.260
Vontobel Financial P 17.000 6/24/2022 EUR 64.820
Vontobel Financial P 11.500 9/23/2022 EUR 33.300
Vontobel Financial P 5.500 9/23/2022 EUR 52.080
Vontobel Financial P 10.500 6/24/2022 EUR 71.810
Vontobel Financial P 14.000 9/23/2022 EUR 66.830
Vontobel Financial P 15.500 9/23/2022 EUR 56.360
Vontobel Financial P 16.500 9/23/2022 EUR 55.810
Vontobel Financial P 8.500 9/23/2022 EUR 62.740
Vontobel Financial P 6.000 9/23/2022 EUR 76.190
Leonteq Securities A 17.000 1/18/2023 CHF 44.680
Vontobel Financial P 5.500 6/24/2022 EUR 70.050
Vontobel Financial P 12.750 6/24/2022 EUR 42.980
Vontobel Financial P 6.250 6/24/2022 EUR 75.590
Leonteq Securities A 10.000 4/18/2023 USD 55.760
Leonteq Securities A 18.000 10/06/2022 CHF 58.840
Leonteq Securities A 18.000 07/06/2022 CHF 64.470
Landesbank Baden-Wue 2.500 8/25/2023 EUR 60.010
UniCredit Bank AG 3.700 6/25/2022 EUR 48.360
Leonteq Securities A 2.500 06/05/2024 EUR 66.450
UniCredit Bank AG 3.850 6/28/2022 EUR 60.370
UniCredit Bank AG 3.800 6/28/2022 EUR 33.860
UniCredit Bank AG 4.250 6/28/2022 EUR 46.230
Vontobel Financial P 7.350 6/15/2022 USD 44.120
DZ Bank AG Deutsche 22.800 6/24/2022 EUR 64.130
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 74.420
Vontobel Financial P 7.750 6/24/2022 EUR 73.900
Bank Julius Baer & C 6.850 6/15/2022 CHF 71.550
Societe Generale Eff 14.250 6/24/2022 EUR 75.000
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 71.810
DZ Bank AG Deutsche 9.500 6/22/2022 EUR 62.940
DZ Bank AG Deutsche 7.500 12/23/2022 EUR 56.370
Vontobel Financial P 9.350 6/24/2022 EUR 69.440
Vontobel Financial P 7.700 08/02/2022 CHF 43.900
Leonteq Securities A 24.480 9/21/2022 CHF 44.800
Leonteq Securities A 10.000 10/05/2022 CHF 31.300
Vontobel Financial P 6.000 9/23/2022 EUR 73.330
Vontobel Financial P 12.500 9/23/2022 EUR 32.500
Vontobel Financial P 7.500 6/24/2022 EUR 63.960
Corner Banca SA 12.000 6/14/2022 CHF 62.340
Societe Generale Eff 5.500 9/23/2022 EUR 48.540
DZ Bank AG Deutsche 6.750 6/22/2022 EUR 73.340
DZ Bank AG Deutsche 14.500 12/21/2022 EUR 68.230
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 72.580
Societe Generale Eff 11.500 5/27/2022 EUR 55.160
Vontobel Financial P 6.250 6/24/2022 EUR 67.190
Corner Banca SA 12.000 01/05/2023 EUR 74.690
Leonteq Securities A 10.000 10/05/2022 CHF 73.080
Corner Banca SA 16.000 07/06/2022 CHF 64.540
Vontobel Financial P 16.000 9/23/2022 EUR 72.280
Leonteq Securities A 14.000 9/14/2022 EUR 34.020
Corner Banca SA 10.400 12/14/2022 CHF 37.640
Vontobel Financial P 9.000 6/24/2022 EUR 46.460
Vontobel Financial P 15.500 6/24/2022 EUR 41.070
Vontobel Financial P 10.500 6/24/2022 EUR 44.900
Leonteq Securities A 14.000 9/14/2022 CHF 50.360
Leonteq Securities A 25.460 07/01/2022 CHF 26.270
Vontobel Financial P 11.500 6/24/2022 EUR 59.610
Vontobel Financial P 6.500 6/24/2022 EUR 66.430
Corner Banca SA 17.000 1/17/2023 EUR 46.310
Vontobel Financial P 18.000 6/24/2022 EUR 24.930
Vontobel Financial P 19.500 6/24/2022 EUR 62.430
Vontobel Financial P 9.250 6/24/2022 EUR 40.210
Leonteq Securities A 6.000 07/05/2023 CHF 74.210
Leonteq Securities A 21.520 07/01/2022 CHF 21.600
Vontobel Financial P 8.000 6/24/2022 EUR 59.040
DZ Bank AG Deutsche 15.500 6/22/2022 EUR 70.300
DZ Bank AG Deutsche 5.000 9/21/2022 EUR 71.860
Bank Julius Baer & C 7.600 07/01/2022 EUR 68.250
Citigroup Global Mar 2.600 10/12/2028 EUR 77.020
DZ Bank AG Deutsche 15.500 9/21/2022 EUR 68.440
Bank Julius Baer & C 9.000 07/01/2022 USD 41.450
Bank Julius Baer & C 6.200 12/21/2022 CHF 71.200
Zurcher Kantonalbank 8.000 6/21/2023 CHF 64.030
Zurcher Kantonalbank 11.000 6/21/2022 CHF 65.490
Zurcher Kantonalbank 12.000 6/21/2022 CHF 57.030
DZ Bank AG Deutsche 10.000 12/23/2022 EUR 51.470
Vontobel Financial P 18.000 9/23/2022 EUR 32.220
DZ Bank AG Deutsche 10.000 6/24/2022 EUR 50.320
Vontobel Financial P 16.500 6/24/2022 EUR 60.370
Zurcher Kantonalbank 12.500 10/05/2022 USD 49.110
Bank Julius Baer & C 7.500 11/11/2022 EUR 71.100
Bank Julius Baer & C 7.900 2/13/2023 EUR 73.300
UBS AG/London 7.500 9/29/2023 CHF 70.550
UBS AG/London 14.750 3/29/2023 CHF 61.850
UBS AG/London 13.000 3/29/2023 USD 46.800
UBS AG/London 8.750 3/29/2023 CHF 65.100
UBS AG/London 14.250 4/20/2023 USD 55.400
UBS AG/London 4.750 7/21/2022 EUR 72.000
UBS AG/London 9.000 7/21/2023 EUR 71.450
Landesbank Baden-Wue 9.150 10/28/2022 EUR 65.480
Credit Suisse AG/Lon 6.000 11/28/2022 CHF 74.660
Credit Suisse AG/Lon 10.000 09/09/2022 USD 53.080
Credit Suisse AG/Lon 7.250 12/01/2022 CHF 70.850
Credit Suisse AG/Lon 16.000 6/27/2022 EUR 63.640
Credit Suisse AG/Lon 10.000 9/26/2022 EUR 68.100
Credit Suisse AG/Lon 10.000 10/03/2022 CHF 54.240
Credit Suisse AG/Lon 7.500 09/08/2022 EUR 65.760
Credit Suisse AG/Lon 8.500 9/13/2022 CHF 29.460
Credit Suisse AG/Lon 15.000 9/15/2022 USD 37.690
Credit Suisse AG/Lon 8.500 12/16/2022 CHF 60.680
Bank Vontobel AG 7.250 3/24/2023 CHF 71.800
Vontobel Financial P 4.500 12/23/2022 EUR 77.220
Vontobel Financial P 10.500 12/23/2022 EUR 74.270
Vontobel Financial P 4.500 9/23/2022 EUR 79.450
Vontobel Financial P 5.500 12/23/2022 EUR 47.270
Vontobel Financial P 11.500 12/23/2022 EUR 43.030
Vontobel Financial P 15.000 12/23/2022 EUR 42.260
UBS AG/London 9.500 6/30/2022 EUR 67.950
UBS AG/London 4.500 07/01/2024 CHF 73.750
UBS AG/London 11.000 6/30/2022 CHF 28.300
Vontobel Financial P 16.500 12/23/2022 EUR 68.030
UBS AG/London 6.000 6/30/2023 CHF 59.300
Vontobel Financial P 10.000 12/23/2022 EUR 73.510
Vontobel Financial P 15.000 12/23/2022 EUR 70.370
Vontobel Financial P 13.000 12/23/2022 EUR 71.070
Vontobel Financial P 14.500 12/23/2022 EUR 67.990
Vontobel Financial P 7.500 12/23/2022 EUR 57.620
Vontobel Financial P 4.000 12/23/2022 EUR 62.850
Vontobel Financial P 8.000 12/23/2022 EUR 69.170
Vontobel Financial P 5.000 12/23/2022 EUR 72.980
Vontobel Financial P 13.000 12/23/2022 EUR 73.720
Vontobel Financial P 12.000 12/23/2022 EUR 66.800
Bank Vontobel AG 7.500 1/16/2023 EUR 73.100
Bank Vontobel AG 13.000 10/17/2022 CHF 39.000
Vontobel Financial P 8.500 12/23/2022 EUR 71.770
Vontobel Financial P 7.500 12/23/2022 EUR 73.360
Vontobel Financial P 12.000 12/23/2022 EUR 68.980
Vontobel Financial P 10.000 12/23/2022 EUR 70.540
Vontobel Financial P 14.000 12/23/2022 EUR 67.580
Vontobel Financial P 10.500 12/23/2022 EUR 69.940
Vontobel Financial P 13.500 12/23/2022 EUR 68.130
Vontobel Financial P 11.500 12/23/2022 EUR 69.610
Vontobel Financial P 15.000 12/23/2022 EUR 67.380
Vontobel Financial P 12.500 12/23/2022 EUR 68.380
Vontobel Financial P 5.500 12/23/2022 EUR 71.920
EFG International Fi 19.000 11/10/2022 CHF 43.650
Leonteq Securities A 9.000 05/11/2023 CHF 73.500
Vontobel Financial P 8.500 12/23/2022 EUR 58.580
Vontobel Financial P 8.250 12/23/2022 EUR 36.320
Vontobel Financial P 12.500 12/23/2022 EUR 39.440
Leonteq Securities A 2.380 11/10/2022 EUR 43.480
DekaBank Deutsche Gi 7.260 5/30/2022 EUR 69.070
Leonteq Securities A 26.400 11/08/2022 CHF 48.820
Leonteq Securities A 26.400 11/15/2022 USD 54.190
Leonteq Securities A 22.800 11/11/2022 CHF 33.920
Societe Generale Eff 14.250 6/24/2022 EUR 66.030
Societe Generale Eff 11.750 9/23/2022 EUR 71.770
UBS AG/London 6.250 11/10/2023 CHF 70.100
Bank Vontobel AG 12.000 05/09/2023 EUR 60.000
Bank Vontobel AG 24.000 08/09/2022 CHF 42.000
Zurcher Kantonalbank 11.000 11/08/2022 CHF 70.210
Zurcher Kantonalbank 12.500 11/04/2022 CHF 64.400
Zurcher Kantonalbank 13.550 11/04/2022 CHF 61.650
Landesbank Baden-Wue 29.630 10/28/2022 EUR 75.140
Leonteq Securities A 18.000 11/15/2022 CHF 42.760
Corner Banca SA 20.000 11/15/2022 CHF 52.810
Leonteq Securities A 14.000 2/15/2023 CHF 43.160
Leonteq Securities A 9.000 05/12/2023 CHF 51.420
Corner Banca SA 10.000 5/15/2023 USD 45.050
Corner Banca SA 10.000 05/12/2023 CHF 70.870
Leonteq Securities A 7.000 05/12/2023 CHF 70.690
Vontobel Financial P 27.900 6/24/2022 EUR 64.930
Landesbank Baden-Wue 4.000 11/25/2022 EUR 71.280
Landesbank Baden-Wue 11.500 11/25/2022 EUR 72.990
Societe Generale Eff 14.000 5/27/2022 EUR 68.280
Societe Generale Eff 7.500 5/27/2022 EUR 45.590
Landesbank Baden-Wue 4.350 11/25/2022 EUR 75.730
Landesbank Baden-Wue 5.650 11/25/2022 EUR 78.570
Landesbank Baden-Wue 3.750 11/25/2022 EUR 76.160
Landesbank Baden-Wue 5.850 11/25/2022 EUR 72.520
Landesbank Baden-Wue 4.150 11/25/2022 EUR 57.180
Landesbank Baden-Wue 8.300 11/25/2022 EUR 46.990
Bank Vontobel AG 13.750 05/08/2023 CHF 53.600
Bank Vontobel AG 14.000 11/14/2022 CHF 41.800
Bank Vontobel AG 9.000 05/12/2023 CHF 72.900
Bank Vontobel AG 14.000 05/12/2023 CHF 66.800
Bank Vontobel AG 18.750 11/14/2022 CHF 40.700
Bank Vontobel AG 8.750 05/12/2023 CHF 58.800
Vontobel Financial P 18.000 9/23/2022 EUR 72.270
Vontobel Financial P 12.500 12/23/2022 EUR 70.800
Vontobel Financial P 13.500 12/23/2022 EUR 69.570
Vontobel Financial P 14.500 12/23/2022 EUR 68.420
Vontobel Financial P 16.000 12/23/2022 EUR 67.700
Vontobel Financial P 19.500 12/23/2022 EUR 65.290
Vontobel Financial P 18.000 12/23/2022 EUR 65.820
Vontobel Financial P 17.000 12/23/2022 EUR 66.730
Vontobel Financial P 12.500 9/23/2022 EUR 70.120
Vontobel Financial P 15.500 9/23/2022 EUR 67.240
Vontobel Financial P 20.500 9/23/2022 EUR 63.850
Vontobel Financial P 14.000 9/23/2022 EUR 68.630
Vontobel Financial P 17.500 9/23/2022 EUR 66.140
Vontobel Financial P 19.000 9/23/2022 EUR 64.960
Vontobel Financial P 22.000 9/23/2022 EUR 62.850
Vontobel Financial P 17.500 12/23/2022 EUR 74.670
Vontobel Financial P 20.000 9/23/2022 EUR 73.760
Vontobel Financial P 18.000 9/23/2022 EUR 74.910
Vontobel Financial P 3.000 12/23/2022 EUR 77.140
Vontobel Financial P 17.500 12/23/2022 EUR 70.070
Vontobel Financial P 8.000 12/23/2022 EUR 65.340
Vontobel Financial P 11.500 12/23/2022 EUR 67.650
Vontobel Financial P 7.000 12/23/2022 EUR 54.290
Vontobel Financial P 7.500 12/23/2022 EUR 67.700
Vontobel Financial P 8.000 12/23/2022 EUR 71.060
Vontobel Financial P 5.000 9/23/2022 EUR 67.800
Vontobel Financial P 14.000 12/23/2022 EUR 63.360
Vontobel Financial P 12.000 12/23/2022 EUR 65.280
Vontobel Financial P 16.500 9/23/2022 EUR 60.960
Vontobel Financial P 14.000 9/23/2022 EUR 63.340
Vontobel Financial P 19.000 9/23/2022 EUR 58.890
Vontobel Financial P 18.000 12/23/2022 EUR 60.350
Vontobel Financial P 16.000 12/23/2022 EUR 61.720
Vontobel Financial P 8.000 12/23/2022 EUR 64.970
Vontobel Financial P 9.500 12/23/2022 EUR 62.560
Vontobel Financial P 12.000 12/23/2022 EUR 61.080
Vontobel Financial P 11.500 9/23/2022 EUR 66.100
Vontobel Financial P 14.000 12/23/2022 EUR 59.630
Vontobel Financial P 16.000 12/23/2022 EUR 58.370
Vontobel Financial P 7.500 9/23/2022 EUR 64.640
Vontobel Financial P 10.000 9/23/2022 EUR 61.950
Vontobel Financial P 15.000 12/23/2022 EUR 58.950
Vontobel Financial P 11.000 9/23/2022 EUR 60.610
Vontobel Financial P 8.500 9/23/2022 EUR 63.090
Vontobel Financial P 17.000 12/23/2022 EUR 57.850
Vontobel Financial P 12.500 9/23/2022 EUR 59.630
Vontobel Financial P 15.500 9/23/2022 EUR 57.890
Vontobel Financial P 14.000 9/23/2022 EUR 58.720
Vontobel Financial P 18.500 9/23/2022 EUR 56.380
Vontobel Financial P 17.000 9/23/2022 EUR 57.070
Vontobel Financial P 6.000 12/23/2022 EUR 42.390
Vontobel Financial P 10.000 12/23/2022 EUR 40.270
Vontobel Financial P 11.500 12/23/2022 EUR 39.770
Vontobel Financial P 6.000 9/23/2022 EUR 41.280
Vontobel Financial P 9.500 9/23/2022 EUR 38.950
Vontobel Financial P 8.000 12/23/2022 EUR 41.170
Vontobel Financial P 13.000 12/23/2022 EUR 39.830
Vontobel Financial P 15.000 12/23/2022 EUR 39.450
Vontobel Financial P 14.000 12/23/2022 EUR 39.610
Vontobel Financial P 10.500 9/23/2022 EUR 38.240
Vontobel Financial P 13.500 9/23/2022 EUR 37.470
Vontobel Financial P 7.000 9/23/2022 EUR 40.350
Vontobel Financial P 17.000 9/23/2022 EUR 37.120
Vontobel Financial P 8.000 9/23/2022 EUR 39.500
Vontobel Financial P 12.000 9/23/2022 EUR 37.830
Vontobel Financial P 16.500 12/23/2022 EUR 39.650
Vontobel Financial P 15.000 9/23/2022 EUR 37.170
Vontobel Financial P 20.000 9/23/2022 EUR 55.750
Vontobel Financial P 4.500 12/23/2022 EUR 77.630
Vontobel Financial P 7.000 9/23/2022 EUR 76.730
Vontobel Financial P 7.000 9/23/2022 EUR 69.150
Vontobel Financial P 7.500 9/23/2022 EUR 64.780
DZ Bank AG Deutsche 9.500 5/25/2022 EUR 73.070
DZ Bank AG Deutsche 12.000 6/22/2022 EUR 66.060
DZ Bank AG Deutsche 13.000 6/22/2022 EUR 65.460
DZ Bank AG Deutsche 10.500 5/25/2022 EUR 30.450
DZ Bank AG Deutsche 6.000 12/21/2022 EUR 60.650
Societe Generale Eff 10.250 10/28/2022 EUR 72.240
Societe Generale Eff 15.000 5/27/2022 EUR 60.990
Societe Generale Eff 13.000 7/22/2022 EUR 63.070
Societe Generale Eff 12.250 8/26/2022 EUR 63.900
DZ Bank AG Deutsche 15.750 5/25/2022 EUR 64.090
DZ Bank AG Deutsche 15.750 6/22/2022 EUR 73.690
DZ Bank AG Deutsche 7.250 9/21/2022 EUR 73.820
DZ Bank AG Deutsche 6.250 12/21/2022 EUR 74.180
DZ Bank AG Deutsche 5.500 3/22/2023 EUR 73.820
Leonteq Securities A 21.600 12/06/2022 CHF 40.920
Leonteq Securities A 22.800 12/06/2022 CHF 53.530
Leonteq Securities A 8.800 12/07/2023 CHF 76.400
Credit Suisse AG/Lon 13.500 11/28/2022 CHF 35.730
Credit Suisse AG/Lon 15.000 11/29/2022 USD 36.360
Bank Vontobel AG 9.000 2/21/2023 CHF 66.200
Bank Vontobel AG 12.250 11/28/2022 CHF 58.100
Bank Vontobel AG 7.000 5/26/2023 EUR 71.100
DZ Bank AG Deutsche 6.750 12/21/2022 EUR 76.940
Raiffeisen Schweiz G 8.200 12/06/2023 CHF 76.230
Raiffeisen Switzerla 19.000 12/06/2022 CHF 52.210
Leonteq Securities A 22.200 12/07/2022 CHF 48.530
Sberbank of Russia P 0.010 12/07/2026 RUB 61.200
DZ Bank AG Deutsche 16.800 9/23/2022 EUR 72.530
DZ Bank AG Deutsche 16.700 12/23/2022 EUR 55.020
DZ Bank AG Deutsche 16.800 9/23/2022 EUR 76.980
DZ Bank AG Deutsche 19.100 12/23/2022 EUR 67.820
DZ Bank AG Deutsche 20.500 9/23/2022 EUR 71.110
DZ Bank AG Deutsche 17.300 12/23/2022 EUR 73.640
Sberbank of Russia P 0.010 12/07/2026 RUB 59.000
Ebis OOO 14.500 11/25/2025 RUB 70.000
SG Issuer SA 2.100 12/27/2033 EUR 63.370
DZ Bank AG Deutsche 23.900 6/24/2022 EUR 61.400
Societe Generale Eff 13.500 9/23/2022 EUR 60.420
DZ Bank AG Deutsche 17.700 12/23/2022 EUR 36.210
DZ Bank AG Deutsche 13.500 3/24/2023 EUR 38.610
DZ Bank AG Deutsche 18.300 12/23/2022 EUR 75.170
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 75.940
DZ Bank AG Deutsche 10.500 12/23/2022 EUR 64.310
DZ Bank AG Deutsche 12.000 3/24/2023 EUR 63.440
DZ Bank AG Deutsche 10.000 3/24/2023 EUR 75.440
UniCredit Bank AG 6.300 12/21/2022 EUR 51.570
Societe Generale Eff 5.500 10/28/2022 EUR 73.160
DZ Bank AG Deutsche 18.500 11/25/2022 EUR 35.330
DZ Bank AG Deutsche 14.200 9/23/2022 EUR 74.240
DZ Bank AG Deutsche 21.600 6/24/2022 EUR 56.100
Bank Vontobel AG 7.750 2/20/2023 CHF 73.600
Bank Vontobel AG 20.000 11/21/2022 CHF 54.300
Bank Vontobel AG 10.750 5/22/2023 CHF 64.000
Societe Generale Eff 15.000 7/22/2022 EUR 77.700
DZ Bank AG Deutsche 18.800 9/23/2022 EUR 65.350
DZ Bank AG Deutsche 11.500 11/25/2022 EUR 70.830
DZ Bank AG Deutsche 8.300 3/24/2023 EUR 74.170
DZ Bank AG Deutsche 12.500 3/24/2023 EUR 73.690
DZ Bank AG Deutsche 15.700 11/25/2022 EUR 35.760
DZ Bank AG Deutsche 16.700 9/23/2022 EUR 59.580
DZ Bank AG Deutsche 14.100 12/23/2022 EUR 62.000
DZ Bank AG Deutsche 11.800 3/24/2023 EUR 70.600
DZ Bank AG Deutsche 10.100 3/24/2023 EUR 73.980
DZ Bank AG Deutsche 15.800 12/23/2022 EUR 67.900
DZ Bank AG Deutsche 19.100 6/24/2022 EUR 63.820
Societe Generale Eff 7.500 10/28/2022 EUR 70.230
Societe Generale Eff 8.500 10/28/2022 EUR 69.090
DZ Bank AG Deutsche 18.700 6/24/2022 EUR 71.380
DZ Bank AG Deutsche 24.700 6/24/2022 EUR 73.050
DZ Bank AG Deutsche 10.900 11/25/2022 EUR 63.800
DZ Bank AG Deutsche 6.700 3/24/2023 EUR 68.460
DZ Bank AG Deutsche 10.000 3/24/2023 EUR 72.240
Leonteq Securities A 15.000 2/24/2023 USD 69.170
DZ Bank AG Deutsche 15.600 9/23/2022 EUR 67.240
DZ Bank AG Deutsche 9.100 3/24/2023 EUR 65.370
DZ Bank AG Deutsche 13.700 3/24/2023 EUR 69.330
DZ Bank AG Deutsche 12.100 11/25/2022 EUR 72.020
Bank Vontobel AG 14.000 5/22/2023 CHF 64.700
Leonteq Securities A 14.000 2/23/2023 CHF 67.340
Societe Generale Eff 14.000 6/24/2022 EUR 59.340
DZ Bank AG Deutsche 14.000 11/25/2022 EUR 68.880
DZ Bank AG Deutsche 13.400 12/23/2022 EUR 69.480
DZ Bank AG Deutsche 14.600 6/24/2022 EUR 66.760
Societe Generale Eff 9.500 8/26/2022 EUR 67.770
Societe Generale Eff 6.500 10/28/2022 EUR 71.540
DZ Bank AG Deutsche 20.400 12/23/2022 EUR 36.220
DZ Bank AG Deutsche 15.600 3/24/2023 EUR 38.520
DZ Bank AG Deutsche 17.700 3/24/2023 EUR 38.700
DZ Bank AG Deutsche 16.300 3/24/2023 EUR 77.410
DZ Bank AG Deutsche 14.200 6/24/2022 EUR 59.730
DZ Bank AG Deutsche 11.800 9/23/2022 EUR 62.360
EFG International Fi 9.400 11/24/2022 CHF 69.740
Basler Kantonalbank 12.000 11/24/2022 CHF 67.830
Societe Generale Eff 10.250 7/22/2022 EUR 66.990
UBS AG/London 21.500 11/25/2022 USD 61.250
Bank Vontobel AG 20.500 11/21/2022 CHF 54.400
Bank Vontobel AG 8.000 5/22/2023 CHF 62.600
Bank Vontobel AG 18.000 11/21/2022 USD 51.000
Bank Vontobel AG 10.000 11/21/2022 CHF 46.300
Skandinaviska Enskil 9.020 7/17/2023 SEK 66.260
SecurAsset SA 5.250 6/30/2022 EUR 30.050
UBS AG/London 15.000 11/25/2022 USD 64.450
Landesbank Baden-Wue 3.000 6/24/2022 EUR 59.930
Landesbank Baden-Wue 3.000 4/25/2022 EUR 56.090
Societe Generale SA 6.000 05/09/2022 USD 0.190
Bank Julius Baer & C 14.500 10/26/2022 EUR 67.850
Leonteq Securities A 20.400 10/26/2022 CHF 35.540
Leonteq Securities A 22.200 10/26/2022 CHF 66.510
UBS AG/London 10.250 08/04/2023 CHF 76.250
Raiffeisen Schweiz G 18.000 10/25/2022 CHF 52.550
Raiffeisen Schweiz G 8.000 7/25/2023 CHF 64.260
Raiffeisen Schweiz G 10.000 4/25/2023 CHF 42.920
Vontobel Financial P 9.250 12/23/2022 EUR 55.610
DZ Bank AG Deutsche 9.600 6/24/2022 EUR 74.650
DZ Bank AG Deutsche 12.200 6/24/2022 EUR 71.260
DZ Bank AG Deutsche 15.300 6/24/2022 EUR 68.310
DZ Bank AG Deutsche 8.500 9/23/2022 EUR 76.060
DZ Bank AG Deutsche 10.500 9/23/2022 EUR 73.340
DZ Bank AG Deutsche 12.800 9/23/2022 EUR 71.000
DZ Bank AG Deutsche 10.100 10/28/2022 EUR 73.940
DZ Bank AG Deutsche 9.600 12/23/2022 EUR 74.760
DZ Bank AG Deutsche 12.200 10/28/2022 EUR 71.790
DZ Bank AG Deutsche 8.000 12/23/2022 EUR 76.980
DZ Bank AG Deutsche 11.300 12/23/2022 EUR 72.790
DZ Bank AG Deutsche 16.600 9/23/2022 EUR 37.890
DZ Bank AG Deutsche 18.800 10/28/2022 EUR 38.000
DZ Bank AG Deutsche 14.800 12/23/2022 EUR 40.710
DZ Bank AG Deutsche 17.300 12/23/2022 EUR 39.840
Vontobel Financial P 5.500 12/23/2022 EUR 74.350
Vontobel Financial P 8.250 12/23/2022 EUR 68.570
Vontobel Financial P 9.750 12/23/2022 EUR 74.670
Leonteq Securities A 14.000 10/28/2022 CHF 72.570
UniCredit Bank AG 7.250 12/09/2022 EUR 75.590
Bank Julius Baer & C 10.100 11/14/2022 USD 72.100
UBS AG/London 4.250 3/29/2023 EUR 71.750
UBS AG/London 10.750 10/20/2022 EUR 52.650
UBS AG/London 10.500 1/23/2023 CHF 39.200
Credit Suisse AG/Lon 11.500 8/25/2022 USD 31.780
Credit Suisse AG/Lon 7.500 11/28/2022 USD 70.330
Credit Suisse AG/Lon 8.500 6/30/2022 CHF 27.410
Credit Suisse AG/Lon 8.500 6/24/2022 CHF 27.080
Credit Suisse AG/Lon 15.000 6/27/2022 USD 28.760
Credit Suisse AG/Lon 7.000 9/28/2022 CHF 76.710
UBS AG/London 19.500 09/01/2022 USD 50.600
UBS AG/London 8.250 03/01/2023 CHF 55.100
UBS AG/London 10.500 2/27/2023 CHF 72.950
Credit Suisse AG/Lon 11.750 09/08/2022 USD 38.220
Credit Suisse AG/Lon 7.000 12/08/2022 CHF 70.310
Credit Suisse AG/Lon 10.500 09/12/2022 CHF 29.240
Credit Suisse AG/Lon 7.750 12/15/2022 CHF 72.220
Bank Vontobel AG 6.750 3/17/2023 CHF 69.600
Bank Vontobel AG 7.750 3/17/2023 CHF 72.700
Bank Vontobel AG 8.500 3/17/2023 CHF 43.200
Bank Vontobel AG 11.500 3/17/2023 CHF 61.400
Bank Vontobel AG 20.000 12/19/2022 CHF 44.000
Bank Vontobel AG 10.500 12/27/2022 CHF 47.400
Vontobel Financial P 8.500 12/23/2022 EUR 70.370
Vontobel Financial P 8.500 12/23/2022 EUR 44.760
UBS AG/London 8.250 6/30/2023 CHF 71.400
Vontobel Financial P 9.000 12/23/2022 EUR 73.010
UBS AG/London 14.500 6/30/2022 CHF 53.550
Vontobel Financial P 17.000 12/23/2022 EUR 66.560
Vontobel Financial P 16.000 12/23/2022 EUR 67.100
Vontobel Financial P 14.500 12/23/2022 EUR 53.710
Vontobel Financial P 12.000 12/23/2022 EUR 54.600
Vontobel Financial P 15.000 12/23/2022 EUR 72.890
Vontobel Financial P 10.000 12/23/2022 EUR 67.890
Vontobel Financial P 14.000 12/23/2022 EUR 65.870
Bank Vontobel AG 9.250 1/16/2023 CHF 67.400
Corner Banca SA 16.000 4/29/2022 CHF 55.880
Bank Vontobel AG 13.259 7/29/2022 CHF 32.800
Banque Cantonale Vau 22.200 08/02/2022 CHF 71.580
Societe Generale Eff 4.750 10/28/2022 EUR 76.650
Leonteq Securities A 20.000 11/08/2022 USD 66.510
Leonteq Securities A 13.000 11/08/2022 CHF 53.020
Raiffeisen Schweiz G 16.000 11/29/2022 CHF 58.440
Raiffeisen Schweiz G 9.000 2/28/2023 CHF 63.100
Raiffeisen Schweiz G 6.600 11/29/2023 CHF 72.880
Bank Vontobel AG 6.500 2/20/2023 CHF 34.400
Bank Vontobel AG 9.000 11/20/2023 EUR 70.600
Bank Vontobel AG 7.500 5/26/2023 CHF 67.500
Bank Vontobel AG 12.500 2/27/2023 CHF 39.700
Bank Vontobel AG 24.000 11/28/2022 CHF 46.100
Bank Vontobel AG 12.000 11/28/2022 CHF 61.400
EFG International Fi 14.600 11/29/2022 USD 66.590
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 72.170
DZ Bank AG Deutsche 12.000 12/21/2022 EUR 70.490
DZ Bank AG Deutsche 14.750 12/21/2022 EUR 72.180
DZ Bank AG Deutsche 11.000 9/21/2022 EUR 69.600
DZ Bank AG Deutsche 8.000 12/21/2022 EUR 72.170
DZ Bank AG Deutsche 5.250 3/22/2023 EUR 75.190
DZ Bank AG Deutsche 6.250 12/21/2022 EUR 76.460
DZ Bank AG Deutsche 7.500 9/21/2022 EUR 73.880
DZ Bank AG Deutsche 6.000 12/21/2022 EUR 74.610
Landesbank Baden-Wue 6.150 3/24/2023 EUR 77.530
Landesbank Baden-Wue 3.500 3/24/2023 EUR 48.680
Landesbank Baden-Wue 6.200 3/24/2023 EUR 42.170
Landesbank Baden-Wue 8.650 3/24/2023 EUR 39.470
Landesbank Baden-Wue 3.350 3/24/2023 EUR 71.130
Landesbank Baden-Wue 8.900 3/24/2023 EUR 71.170
Landesbank Baden-Wue 3.650 3/24/2023 EUR 62.730
Landesbank Baden-Wue 6.200 3/24/2023 EUR 58.450
Leonteq Securities A 12.000 9/30/2022 CHF 71.930
Vontobel Financial P 18.500 9/23/2022 EUR 66.790
Vontobel Financial P 16.750 9/23/2022 EUR 50.270
Vontobel Financial P 13.250 9/23/2022 EUR 75.910
Vontobel Financial P 15.000 9/23/2022 EUR 63.870
Vontobel Financial P 9.000 9/23/2022 EUR 66.080
Vontobel Financial P 16.500 9/23/2022 EUR 63.280
DekaBank Deutsche Gi 4.790 9/23/2022 EUR 64.420
Sberbank of Russia P 0.010 10/03/2028 RUB 58.600
Luzerner Kantonalban 23.100 8/15/2022 CHF 47.920
Leonteq Securities A 18.500 11/29/2022 CHF 58.960
Leonteq Securities A 25.000 11/29/2022 CHF 63.110
Leonteq Securities A 10.800 5/26/2023 EUR 58.410
Corner Banca SA 10.000 11/29/2022 EUR 70.800
Leonteq Securities A 17.600 5/30/2023 USD 62.540
Leonteq Securities A 10.800 5/26/2023 CHF 68.140
Leonteq Securities A 10.800 5/26/2023 EUR 70.740
Corner Banca SA 13.200 11/29/2022 CHF 64.740
Leonteq Securities A 12.800 11/29/2022 CHF 48.330
Leonteq Securities A 7.800 11/29/2023 CHF 71.700
Corner Banca SA 11.000 11/29/2022 CHF 35.700
Leonteq Securities A 8.000 03/01/2023 CHF 68.160
Corner Banca SA 12.000 11/29/2022 USD 50.250
Leonteq Securities A 10.000 11/29/2022 CHF 59.980
Leonteq Securities A 11.000 5/30/2023 USD 59.410
Leonteq Securities A 10.000 11/29/2022 CHF 66.890
Raiffeisen Schweiz G 9.000 5/26/2023 USD 63.030
Raiffeisen Schweiz G 7.000 11/29/2023 CHF 75.670
Bank Vontobel AG 9.000 11/20/2023 CHF 43.000
Bank Vontobel AG 8.000 11/27/2023 EUR 54.400
Bank Vontobel AG 21.750 5/26/2023 CHF 49.300
Bank Vontobel AG 7.250 2/27/2023 CHF 71.800
Bank Vontobel AG 9.000 5/26/2023 EUR 70.000
Bank Vontobel AG 18.250 5/26/2023 EUR 41.600
Bank Vontobel AG 9.500 3/31/2023 EUR 71.700
Bank Vontobel AG 14.250 11/07/2022 CHF 39.800
Leonteq Securities A 15.000 11/08/2022 CHF 36.990
Leonteq Securities A 14.000 02/08/2023 USD 49.170
Sberbank of Russia P 0.010 10/21/2026 RUB 60.200
EFG International Fi 18.000 10/20/2022 CHF 52.530
Vontobel Financial P 8.500 12/23/2022 EUR 70.440
Vontobel Financial P 5.500 12/23/2022 EUR 65.110
Vontobel Financial P 7.000 12/23/2022 EUR 69.030
Vontobel Financial P 20.000 9/23/2022 EUR 66.990
Vontobel Financial P 13.000 12/23/2022 EUR 66.550
Vontobel Financial P 13.500 9/23/2022 EUR 64.330
Vontobel Financial P 21.000 12/23/2022 EUR 74.430
Vontobel Financial P 8.000 12/23/2022 EUR 71.060
Vontobel Financial P 18.500 12/23/2022 EUR 75.950
Vontobel Financial P 17.500 9/23/2022 EUR 71.800
Vontobel Financial P 12.500 9/23/2022 EUR 77.300
UBS AG/London 18.500 06/08/2023 USD 58.100
Vontobel Financial P 15.500 12/23/2022 EUR 65.440
Vontobel Financial P 15.500 9/23/2022 EUR 72.310
Vontobel Financial P 4.500 12/23/2022 EUR 74.390
Vontobel Financial P 3.000 12/23/2022 EUR 76.850
Vontobel Financial P 3.000 9/23/2022 EUR 76.550
Vontobel Financial P 4.900 7/13/2023 EUR 67.750
Societe Generale Eff 18.250 7/22/2022 EUR 74.240
Societe Generale Eff 16.750 8/26/2022 EUR 75.300
Societe Generale Eff 25.250 7/22/2022 EUR 42.910
Societe Generale Eff 9.000 8/26/2022 EUR 58.480
Societe Generale Eff 23.000 8/26/2022 EUR 44.500
Societe Generale Eff 7.500 9/23/2022 EUR 61.500
Societe Generale Eff 6.000 12/23/2022 EUR 66.180
EFG International Fi 17.400 06/10/2022 USD 70.900
EFG International Fi 7.000 06/09/2023 CHF 71.470
EFG International Fi 10.000 12/09/2022 USD 43.550
Leonteq Securities A 21.880 06/10/2022 CHF 62.930
Leonteq Securities A 21.760 06/10/2022 CHF 27.840
BNP Paribas Emission 3.000 6/23/2022 EUR 75.440
BNP Paribas Emission 3.000 6/23/2022 EUR 73.780
BNP Paribas Emission 3.000 12/22/2022 EUR 76.270
BNP Paribas Emission 4.000 12/22/2022 EUR 74.820
BNP Paribas Emission 4.000 3/23/2023 EUR 75.020
Zurcher Kantonalbank 8.100 12/14/2022 USD 45.910
DZ Bank AG Deutsche 10.000 12/23/2022 EUR 49.880
DZ Bank AG Deutsche 12.200 9/23/2022 EUR 59.290
DZ Bank AG Deutsche 9.400 9/23/2022 EUR 68.850
DZ Bank AG Deutsche 11.700 9/23/2022 EUR 65.740
DZ Bank AG Deutsche 10.800 9/23/2022 EUR 70.960
DZ Bank AG Deutsche 13.800 6/24/2022 EUR 72.640
DZ Bank AG Deutsche 13.400 9/23/2022 EUR 61.140
Societe Generale Eff 9.500 6/24/2022 EUR 74.600
DZ Bank AG Deutsche 8.100 12/19/2022 EUR 76.110
DZ Bank AG Deutsche 7.600 3/20/2023 EUR 76.330
Bank Julius Baer & C 9.150 6/13/2022 USD 68.400
DZ Bank AG Deutsche 5.000 12/19/2022 EUR 67.690
DZ Bank AG Deutsche 9.500 12/19/2022 EUR 76.540
DZ Bank AG Deutsche 8.500 12/19/2022 EUR 69.950
DZ Bank AG Deutsche 6.750 3/20/2023 EUR 75.770
DZ Bank AG Deutsche 4.750 3/20/2023 EUR 77.480
Leonteq Securities A 10.000 12/14/2022 CHF 65.000
UBS AG/London 9.900 07/01/2024 EUR 57.680
Raiffeisen Centroban 11.750 08/04/2023 EUR 52.540
Landesbank Baden-Wue 6.000 1/27/2023 EUR 56.480
Raiffeisen Schweiz G 9.000 03/10/2023 USD 57.410
Raiffeisen Schweiz G 10.000 03/10/2023 CHF 62.190
Erste Group Bank AG 4.500 10/01/2025 EUR 65.500
Societe Generale Eff 9.750 7/22/2022 EUR 70.190
Bank Julius Baer & C 7.250 9/14/2022 CHF 65.700
UBS AG/London 4.520 09/07/2023 USD 9.273
Vontobel Financial P 14.000 9/23/2022 EUR 72.300
Vontobel Financial P 11.500 6/24/2022 EUR 68.970
Vontobel Financial P 18.500 6/24/2022 EUR 72.160
Vontobel Financial P 15.000 9/23/2022 EUR 67.100
Vontobel Financial P 14.000 6/24/2022 EUR 67.200
DZ Bank AG Deutsche 10.600 9/23/2022 EUR 67.980
DZ Bank AG Deutsche 13.600 9/23/2022 EUR 67.650
DZ Bank AG Deutsche 15.900 9/23/2022 EUR 66.630
DZ Bank AG Deutsche 19.000 9/23/2022 EUR 63.230
DZ Bank AG Deutsche 21.000 9/23/2022 EUR 60.450
DZ Bank AG Deutsche 17.500 6/24/2022 EUR 62.940
DZ Bank AG Deutsche 10.500 9/23/2022 EUR 65.260
DZ Bank AG Deutsche 17.600 9/23/2022 EUR 63.120
BNP Paribas Issuance 9.000 5/18/2022 SEK 63.720
Vontobel Financial P 12.500 6/24/2022 EUR 56.270
Bank Julius Baer & C 10.300 5/25/2022 CHF 72.600
Bank Julius Baer & C 6.300 5/25/2022 CHF 69.100
DZ Bank AG Deutsche 15.750 6/22/2022 EUR 62.400
Vontobel Financial P 9.000 6/24/2022 EUR 68.130
DZ Bank AG Deutsche 9.000 6/22/2022 EUR 59.380
Vontobel Financial P 12.500 6/24/2022 EUR 75.590
Bank Julius Baer & C 10.800 5/25/2022 USD 35.300
EFG International Fi 5.700 5/24/2023 USD 57.530
Zurcher Kantonalbank 9.500 06/07/2022 USD 70.530
Societe Generale Eff 10.250 5/27/2022 EUR 70.910
DZ Bank AG Deutsche 14.300 6/24/2022 EUR 58.600
DZ Bank AG Deutsche 17.200 6/24/2022 EUR 43.420
DZ Bank AG Deutsche 7.300 6/24/2022 EUR 68.710
DZ Bank AG Deutsche 14.000 6/24/2022 EUR 64.250
DZ Bank AG Deutsche 19.700 6/24/2022 EUR 66.040
DZ Bank AG Deutsche 22.000 6/24/2022 EUR 76.980
DZ Bank AG Deutsche 9.700 6/24/2022 EUR 60.910
Leonteq Securities A 23.000 09/09/2022 CHF 45.770
UniCredit Bank AG 10.300 9/27/2024 EUR 66.670
DekaBank Deutsche Gi 1.000 3/17/2025 EUR 66.770
Zurcher Kantonalbank 10.500 06/02/2022 CHF 61.260
EFG International Fi 11.000 09/10/2024 USD 66.810
Bank Vontobel AG 7.255 11/21/2022 CHF 68.300
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 51.700
DZ Bank AG Deutsche 9.900 6/24/2022 EUR 67.170
DZ Bank AG Deutsche 15.500 6/24/2022 EUR 74.360
DZ Bank AG Deutsche 9.300 6/24/2022 EUR 78.750
DZ Bank AG Deutsche 8.900 6/24/2022 EUR 61.350
DZ Bank AG Deutsche 11.300 6/24/2022 EUR 55.390
DZ Bank AG Deutsche 19.900 6/24/2022 EUR 60.520
DZ Bank AG Deutsche 17.600 6/24/2022 EUR 65.490
Leonteq Securities A 22.000 09/09/2022 CHF 32.340
LLC Online Microfina 12.500 05/04/2024 RUB 73.940
Societe Generale Eff 16.750 6/24/2022 EUR 27.650
Societe Generale Eff 16.000 7/22/2022 EUR 28.690
Vontobel Financial P 18.000 9/23/2022 EUR 61.100
Vontobel Financial P 17.000 9/23/2022 EUR 62.980
Vontobel Financial P 14.000 9/23/2022 EUR 46.780
EFG International Fi 15.000 5/27/2022 CHF 71.440
UBS AG/London 10.250 5/30/2023 CHF 51.150
UBS AG/London 9.750 11/28/2022 EUR 73.000
UBS AG/London 8.250 5/27/2022 CHF 30.800
Leonteq Securities A 15.000 9/13/2022 CHF 41.170
Leonteq Securities A 9.000 03/10/2023 CHF 64.560
Leonteq Securities A 7.000 9/13/2023 CHF 77.010
Corner Banca SA 20.000 9/13/2022 CHF 43.170
Leonteq Securities A 10.000 12/13/2022 USD 41.690
Societe Generale Eff 15.250 8/26/2022 EUR 30.080
Corner Banca SA 15.000 05/12/2022 CHF 49.630
Raiffeisen Switzerla 10.500 05/12/2022 CHF 59.180
UBS AG/London 14.750 2/17/2023 CHF 34.150
Vontobel Financial P 4.800 06/01/2022 EUR 66.400
DZ Bank AG Deutsche 7.500 9/19/2022 EUR 75.320
Leonteq Securities A 13.400 5/18/2022 CHF 58.040
EFG International Fi 12.000 12/09/2022 CHF 42.630
UBS AG/London 11.250 12/09/2022 CHF 36.550
UBS AG/London 8.000 06/09/2023 CHF 60.550
UBS AG/London 8.250 06/09/2023 CHF 68.000
UBS AG/London 6.000 06/09/2022 EUR 48.600
UBS AG/London 10.500 06/09/2023 CHF 59.650
Raiffeisen Schweiz G 15.000 06/07/2022 CHF 60.260
Raiffeisen Schweiz G 6.300 12/07/2022 CHF 77.000
BNP Paribas Emission 4.000 6/23/2022 EUR 77.320
BNP Paribas Emission 3.000 9/22/2022 EUR 76.380
BNP Paribas Emission 4.000 9/22/2022 EUR 74.490
BNP Paribas Emission 3.000 3/23/2023 EUR 75.730
BNP Paribas Emission 5.000 6/22/2023 EUR 73.840
DZ Bank AG Deutsche 13.800 9/23/2022 EUR 69.740
DZ Bank AG Deutsche 12.800 6/24/2022 EUR 68.490
DZ Bank AG Deutsche 10.300 9/23/2022 EUR 64.460
DZ Bank AG Deutsche 11.900 9/23/2022 EUR 62.730
Societe Generale Eff 5.500 5/27/2022 EUR 68.990
Bank Julius Baer & C 9.400 09/12/2022 EUR 67.550
DZ Bank AG Deutsche 6.250 12/19/2022 EUR 72.730
DZ Bank AG Deutsche 8.250 12/19/2022 EUR 74.360
EFG International Fi 17.000 6/30/2022 CHF 35.010
EFG International Fi 10.010 6/30/2022 EUR 33.320
Landesbank Baden-Wue 6.200 1/27/2023 EUR 74.620
Landesbank Baden-Wue 5.100 1/27/2023 EUR 69.760
Societe Generale Eff 7.500 5/27/2022 EUR 62.460
Societe Generale Eff 9.500 5/27/2022 EUR 58.850
Societe Generale Eff 5.000 6/24/2022 EUR 76.760
Societe Generale Eff 7.000 6/24/2022 EUR 71.200
Societe Generale Eff 9.000 6/24/2022 EUR 67.110
Zurcher Kantonalbank 7.500 01/10/2023 CHF 65.370
Leonteq Securities A 24.870 6/14/2022 CHF 20.210
Zurcher Kantonalbank 24.000 6/17/2022 CHF 48.430
Landesbank Baden-Wue 10.500 1/27/2023 EUR 68.430
Landesbank Baden-Wue 7.200 1/27/2023 EUR 69.100
Landesbank Baden-Wue 10.500 1/27/2023 EUR 49.860
Landesbank Baden-Wue 7.000 1/27/2023 EUR 74.060
Societe Generale Eff 6.000 6/24/2022 EUR 73.740
Societe Generale Eff 8.000 6/24/2022 EUR 68.950
DekaBank Deutsche Gi 3.400 7/19/2024 EUR 69.420
Landesbank Baden-Wue 2.100 11/24/2023 EUR 75.930
Zurcher Kantonalbank 7.000 01/10/2023 CHF 65.840
Vontobel Financial P 7.500 6/24/2022 EUR 60.680
Vontobel Financial P 12.000 6/24/2022 EUR 54.670
Vontobel Financial P 14.500 6/24/2022 EUR 52.200
Vontobel Financial P 12.000 6/24/2022 EUR 43.480
Vontobel Financial P 16.000 6/24/2022 EUR 51.180
Vontobel Financial P 17.000 6/24/2022 EUR 39.980
Vontobel Financial P 13.500 6/24/2022 EUR 42.180
Vontobel Financial P 11.000 6/24/2022 EUR 67.160
Leonteq Securities A 14.000 1/17/2023 CHF 71.590
Leonteq Securities A 15.740 08/10/2022 USD 31.190
Sberbank of Russia P 0.010 5/23/2028 RUB 68.900
Vontobel Financial P 8.500 5/25/2022 USD 36.710
Vontobel Financial P 10.000 6/24/2022 EUR 59.270
Vontobel Financial P 15.000 6/24/2022 EUR 53.670
Vontobel Financial P 8.000 6/24/2022 EUR 62.770
Vontobel Financial P 19.500 6/24/2022 EUR 76.210
Bank Vontobel AG 18.006 5/24/2023 EUR 57.800
Raiffeisen Schweiz G 8.000 11/21/2022 CHF 69.360
Vontobel Financial P 9.000 6/24/2022 EUR 57.770
Vontobel Financial P 10.250 6/24/2022 EUR 64.140
Vontobel Financial P 6.500 6/24/2022 EUR 74.460
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 59.520
Zurcher Kantonalbank 11.000 06/07/2022 USD 72.900
Zurcher Kantonalbank 17.000 06/07/2022 USD 62.880
Societe Generale Eff 14.250 9/23/2022 EUR 30.720
Societe Generale Eff 8.250 5/27/2022 EUR 74.780
Zurcher Kantonalbank 24.500 06/02/2022 CHF 55.620
Bank Vontobel AG 6.502 5/23/2023 CHF 70.200
DZ Bank AG Deutsche 13.500 6/24/2022 EUR 70.940
DZ Bank AG Deutsche 13.200 6/24/2022 EUR 76.660
DZ Bank AG Deutsche 11.300 6/24/2022 EUR 76.300
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 71.030
DZ Bank AG Deutsche 13.000 6/24/2022 EUR 69.420
DZ Bank AG Deutsche 18.400 6/24/2022 EUR 30.840
DZ Bank AG Deutsche 13.300 6/24/2022 EUR 56.060
DZ Bank AG Deutsche 16.200 6/24/2022 EUR 50.200
Vontobel Financial P 4.100 12/16/2022 EUR 71.810
Credit Suisse AG/Lon 10.000 8/26/2022 EUR 78.580
UBS AG/London 11.750 11/28/2022 CHF 41.400
UBS AG/London 8.500 5/27/2022 CHF 62.650
UBS AG/London 9.000 5/30/2023 CHF 71.050
UBS AG/London 8.500 11/28/2022 EUR 55.150
UBS AG/London 12.000 11/28/2022 CHF 73.850
Corner Banca SA 14.600 12/13/2022 CHF 42.170
Corner Banca SA 17.000 12/13/2022 USD 52.110
Leonteq Securities A 10.000 03/10/2023 CHF 35.390
Leonteq Securities A 18.000 9/13/2022 USD 46.760
Basler Kantonalbank 8.000 11/28/2022 CHF 72.180
Societe Generale Eff 5.250 8/26/2022 EUR 43.910
Societe Generale Eff 10.000 6/24/2022 EUR 73.250
Societe Generale Eff 9.500 7/22/2022 EUR 73.960
APRI Fly Planing OOO 13.000 09/02/2025 RUB 63.200
Bank Vontobel AG 7.754 5/24/2023 EUR 68.600
DZ Bank AG Deutsche 3.000 12/23/2022 EUR 47.940
DZ Bank AG Deutsche 7.000 12/23/2022 EUR 38.230
Bank Vontobel AG 21.502 05/12/2022 CHF 34.000
Leonteq Securities A 10.000 08/12/2022 CHF 67.750
Leonteq Securities A 10.000 08/12/2022 CHF 59.040
Leonteq Securities A 12.400 05/12/2022 CHF 49.680
Vontobel Financial P 9.750 9/23/2022 EUR 73.520
Landesbank Baden-Wue 4.550 5/27/2022 EUR 47.580
Landesbank Baden-Wue 3.500 5/27/2022 EUR 65.600
Leonteq Securities A 10.000 1/18/2023 USD 42.260
Landesbank Baden-Wue 3.550 6/24/2022 EUR 68.220
Landesbank Baden-Wue 2.050 6/24/2022 EUR 68.830
Raiffeisen Centroban 10.429 3/22/2023 EUR 59.670
Raiffeisen Centroban 7.648 3/22/2023 EUR 56.900
Leonteq Securities A 14.200 09/01/2022 CHF 58.960
Goldman Sachs & Co W 17.000 6/22/2022 EUR 75.350
DZ Bank AG Deutsche 9.270 6/24/2022 EUR 45.270
Leonteq Securities A 21.600 10/18/2022 CHF 38.680
Sberbank of Russia P 0.010 5/25/2026 RUB 70.400
Bank Julius Baer & C 8.800 5/19/2022 EUR 64.750
DZ Bank AG Deutsche 10.750 9/21/2022 EUR 61.240
Societe Generale Eff 16.250 8/26/2022 EUR 74.610
BNP Paribas Emission 6.150 6/23/2022 EUR 71.300
Societe Generale Eff 13.750 5/27/2022 EUR 34.690
DZ Bank AG Deutsche 5.700 6/20/2022 EUR 74.010
DZ Bank AG Deutsche 5.000 9/19/2022 EUR 75.050
Raiffeisen Schweiz G 7.000 03/10/2023 CHF 66.850
Raiffeisen Switzerla 12.500 9/13/2022 CHF 71.090
DZ Bank AG Deutsche 15.750 9/21/2022 EUR 57.970
DZ Bank AG Deutsche 5.750 6/22/2022 EUR 73.180
Bank Julius Baer & C 13.500 9/14/2022 CHF 31.600
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 73.160
DZ Bank AG Deutsche 5.250 9/21/2022 EUR 68.360
Bank Julius Baer & C 6.000 9/14/2022 CHF 57.050
Bank Julius Baer & C 5.350 9/14/2022 CHF 79.100
Leonteq Securities A 24.040 9/14/2022 CHF 68.930
Leonteq Securities A 20.410 9/14/2022 CHF 25.780
Vontobel Financial P 16.500 9/23/2022 EUR 74.030
Vontobel Financial P 15.000 9/23/2022 EUR 75.030
Goldman Sachs & Co W 7.000 12/21/2022 EUR 76.660
Credit Suisse AG/Lon 10.000 5/30/2022 CHF 31.800
BNP Paribas Issuance 3.300 5/23/2022 EUR 44.500
Raiffeisen Schweiz G 16.200 9/14/2022 CHF 42.040
Raiffeisen Switzerla 10.000 03/10/2023 EUR 33.540
Bank Vontobel AG 16.000 05/12/2022 CHF 24.400
BNP Paribas Emission 8.000 9/22/2022 EUR 66.050
Corner Banca SA 8.000 9/26/2022 CHF 83.290
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 59.270
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 59.560
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 59.190
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 60.430
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 64.050
Sberbank of Russia P 0.010 3/25/2026 RUB 55.400
Vontobel Financial P 17.750 3/29/2023 EUR 70.760
UniCredit Bank AG 9.900 10/20/2022 EUR 63.100
Credit Suisse AG/Lon 6.900 3/20/2023 USD 1.440
EFG International Fi 10.000 9/26/2022 CHF 65.980
UBS AG/London 9.750 9/26/2022 CHF 60.450
Sberbank of Russia P 0.010 3/25/2026 RUB 67.800
Sberbank of Russia P 0.010 3/27/2028 RUB 55.800
BNP Paribas Emission 6.000 9/22/2022 EUR 71.150
Leonteq Securities A 10.000 6/29/2022 CHF 57.900
Corner Banca SA 14.000 9/26/2022 USD 43.520
DZ Bank AG Deutsche 7.000 6/22/2022 EUR 65.200
DZ Bank AG Deutsche 9.500 6/22/2022 EUR 70.520
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 56.260
DZ Bank AG Deutsche 7.750 6/22/2022 EUR 57.370
Landesbank Baden-Wue 8.900 10/28/2022 EUR 75.820
UBS AG/London 10.000 3/23/2026 USD 44.290
Bank Julius Baer & C 9.450 12/01/2022 EUR 72.650
Credit Suisse AG/Lon 8.500 06/08/2022 CHF 51.690
Credit Suisse AG/Lon 12.000 05/09/2022 USD 35.520
EFG International Fi 6.500 3/24/2023 USD 61.400
Landesbank Baden-Wue 4.000 6/27/2025 EUR 76.680
EFG International Fi 15.000 9/26/2022 CHF 50.380
UBS AG/London 12.750 9/26/2022 CHF 68.100
UBS AG/London 12.250 9/26/2022 EUR 79.450
UBS AG/London 26.250 9/26/2022 USD 38.950
Bank Julius Baer & C 5.750 6/27/2022 EUR 68.050
Vontobel Financial P 15.350 3/29/2023 EUR 70.400
Vontobel Financial P 13.950 05/05/2022 CHF 28.660
Leonteq Securities A 10.000 4/26/2022 EUR 72.670
Societe Generale Eff 5.000 5/27/2022 EUR 57.300
Societe Generale SA 24.000 11/08/2024 USD 66.750
Bank Julius Baer & C 17.200 02/06/2023 USD 53.900
Sberbank of Russia P 0.010 10/23/2026 RUB 67.100
Zurcher Kantonalbank 10.000 02/03/2023 CHF 63.890
Sberbank of Russia P 0.010 10/23/2026 RUB 66.600
DZ Bank AG Deutsche 10.000 6/22/2022 EUR 59.540
Landesbank Baden-Wue 4.050 10/28/2022 EUR 75.800
Landesbank Baden-Wue 7.400 10/28/2022 EUR 66.110
Landesbank Baden-Wue 7.850 10/28/2022 EUR 42.990
Landesbank Baden-Wue 5.750 10/28/2022 EUR 39.040
Landesbank Baden-Wue 6.850 10/28/2022 EUR 73.640
Landesbank Baden-Wue 2.700 10/28/2022 EUR 73.730
Vontobel Financial P 16.700 05/06/2022 USD 56.560
Leonteq Securities A 24.000 11/04/2022 CHF 43.650
Leonteq Securities A 27.000 11/04/2022 CHF 62.560
Leonteq Securities A 15.200 4/29/2022 CHF 62.350
Bank Vontobel AG 16.500 01/03/2023 EUR 42.700
Bank Vontobel AG 8.500 11/03/2023 CHF 49.700
Bank Vontobel AG 8.000 02/06/2023 EUR 70.400
Vontobel Financial P 14.750 1/30/2023 EUR 69.930
Vontobel Financial P 5.500 12/23/2022 EUR 71.640
Vontobel Financial P 8.500 12/23/2022 EUR 68.930
Vontobel Financial P 13.000 12/23/2022 EUR 38.120
Vontobel Financial P 10.750 12/23/2022 EUR 57.090
Vontobel Financial P 13.000 12/23/2022 EUR 69.780
Vontobel Financial P 15.500 12/23/2022 EUR 38.720
Vontobel Financial P 18.500 12/23/2022 EUR 58.150
Societe Generale Eff 5.750 8/26/2022 EUR 72.430
Leonteq Securities A 22.820 11/25/2022 CHF 37.780
Leonteq Securities A 10.000 11/25/2022 CHF 37.440
Landesbank Baden-Wue 2.850 5/26/2023 EUR 67.350
Landesbank Baden-Wue 3.000 5/26/2023 EUR 75.140
Landesbank Baden-Wue 2.200 6/23/2023 EUR 77.830
Landesbank Baden-Wue 5.850 5/26/2023 EUR 75.170
Landesbank Baden-Wue 6.200 5/26/2023 EUR 45.510
Vontobel Financial P 17.750 12/23/2022 EUR 41.240
Societe Generale Eff 5.500 11/25/2022 EUR 72.980
Societe Generale Eff 6.500 11/25/2022 EUR 71.300
Societe Generale Eff 8.500 11/25/2022 EUR 68.900
Societe Generale Eff 10.750 6/24/2022 EUR 65.590
Societe Generale Eff 4.750 11/25/2022 EUR 47.230
Societe Generale Eff 8.750 11/25/2022 EUR 74.150
Societe Generale Eff 4.750 11/25/2022 EUR 76.410
Societe Generale Eff 6.750 11/25/2022 EUR 71.730
Societe Generale Eff 8.750 11/25/2022 EUR 68.630
Societe Generale Eff 10.750 11/25/2022 EUR 66.410
Societe Generale Eff 7.000 11/25/2022 EUR 76.700
Societe Generale Eff 10.000 11/25/2022 EUR 72.520
Societe Generale Eff 12.000 11/25/2022 EUR 70.370
Vontobel Financial P 8.500 12/23/2022 EUR 51.350
Raiffeisen Switzerla 11.750 10/06/2022 CHF 70.380
UBS AG/London 6.500 3/31/2023 USD 46.200
UBS AG/London 10.250 9/30/2022 CHF 70.200
UBS AG/London 9.500 9/30/2022 CHF 59.450
Vontobel Financial P 20.000 9/23/2022 EUR 66.790
Vontobel Financial P 23.000 9/23/2022 EUR 65.020
Vontobel Financial P 17.500 9/23/2022 EUR 69.080
DZ Bank AG Deutsche 9.500 12/21/2022 EUR 66.330
DZ Bank AG Deutsche 5.250 12/21/2022 EUR 75.320
DZ Bank AG Deutsche 9.250 10/26/2022 EUR 73.990
DZ Bank AG Deutsche 5.500 12/21/2022 EUR 75.430
DZ Bank AG Deutsche 6.000 12/21/2022 EUR 72.390
DZ Bank AG Deutsche 7.750 12/21/2022 EUR 73.530
DZ Bank AG Deutsche 11.500 12/21/2022 EUR 65.890
Societe Generale Eff 13.000 7/22/2022 EUR 71.940
Societe Generale Eff 12.250 8/26/2022 EUR 72.680
Societe Generale Eff 7.750 9/23/2022 EUR 42.190
Leonteq Securities A 29.500 9/27/2022 CHF 48.470
Vontobel Financial P 14.500 9/23/2022 EUR 71.510
Vontobel Financial P 12.000 9/23/2022 EUR 74.500
Vontobel Financial P 22.000 9/23/2022 EUR 58.110
Sberbank of Russia P 0.010 9/24/2026 RUB 62.900
Leonteq Securities A 8.000 9/27/2023 CHF 70.780
Leonteq Securities A 11.000 12/27/2022 CHF 70.250
Vontobel Financial P 20.500 9/23/2022 EUR 56.750
Vontobel Financial P 18.000 9/23/2022 EUR 58.510
Vontobel Financial P 8.500 9/23/2022 EUR 56.420
Leonteq Securities A 20.000 9/27/2022 USD 45.080
Vontobel Financial P 8.000 9/23/2022 EUR 74.370
Bank Julius Baer & C 16.000 9/23/2022 CHF 29.750
Leonteq Securities A 12.000 12/28/2022 CHF 68.410
Leonteq Securities A 14.000 12/27/2022 CHF 36.470
Vontobel Financial P 15.500 9/23/2022 EUR 60.530
Vontobel Financial P 11.500 9/23/2022 EUR 66.090
Vontobel Financial P 13.500 9/23/2022 EUR 63.130
Vontobel Financial P 10.500 9/23/2022 EUR 54.410
Vontobel Financial P 15.500 9/23/2022 EUR 51.640
Leonteq Securities A 12.000 12/28/2022 USD 42.360
Vontobel Financial P 11.000 9/23/2022 EUR 67.170
Leonteq Securities A 10.000 3/24/2023 USD 52.580
SG Issuer SA 7.740 7/20/2025 SEK 57.290
Danske Bank A/S 5.300 7/15/2023 SEK 40.830
Leonteq Securities A 4.000 08/10/2022 CHF 59.160
Landesbank Baden-Wue 3.150 3/24/2023 EUR 70.510
Raiffeisen Centroban 7.644 9/21/2022 EUR 71.720
Raiffeisen Centroban 8.918 9/21/2022 EUR 68.320
Leonteq Securities A 17.600 06/08/2022 USD 28.300
Landesbank Baden-Wue 6.000 3/24/2023 EUR 71.910
Bank Vontobel AG 10.506 8/19/2022 EUR 62.600
Bank Vontobel AG 7.756 8/19/2022 CHF 58.000
Bank Vontobel AG 12.008 8/19/2022 CHF 33.900
Corner Banca SA 11.000 5/19/2022 CHF 71.610
Leonteq Securities A 15.000 5/19/2022 CHF 26.300
Leonteq Securities A 12.400 8/19/2022 EUR 69.050
Leonteq Securities A 11.400 5/19/2022 CHF 58.000
Leonteq Securities A 16.000 5/19/2022 CHF 59.080
Raiffeisen Centroban 10.192 9/21/2022 EUR 65.800
Goldman Sachs & Co W 7.000 6/22/2022 EUR 69.800
Goldman Sachs & Co W 7.000 7/20/2022 EUR 70.340
Goldman Sachs & Co W 7.000 3/22/2023 EUR 73.230
Bank Vontobel AG 10.000 01/10/2023 EUR 60.500
BrokerCreditService 8.000 1/30/2024 USD 62.170
Sberbank of Russia P 0.010 11/05/2025 RUB 68.400
Societe Generale Eff 4.750 6/24/2022 EUR 44.320
Leonteq Securities A 10.000 02/06/2023 CHF 35.570
Vontobel Financial P 8.750 9/23/2022 EUR 41.930
Leonteq Securities A 13.000 08/09/2022 CHF 76.300
Vontobel Financial P 12.000 6/24/2022 EUR 47.580
Vontobel Financial P 13.000 6/24/2022 EUR 50.650
Vontobel Financial P 12.000 6/24/2022 EUR 41.930
Zurcher Kantonalbank 6.500 8/16/2022 CHF 69.180
Bank Vontobel AG 10.000 08/08/2022 CHF 26.400
Bank Vontobel AG 9.500 02/06/2023 CHF 65.400
Bank Vontobel AG 11.000 02/06/2023 EUR 34.400
Bank Vontobel AG 8.500 02/06/2023 EUR 75.900
Vontobel Financial P 20.000 6/24/2022 EUR 65.940
Vontobel Financial P 14.500 6/24/2022 EUR 38.670
Leonteq Securities A 22.130 07/08/2022 CHF 25.520
VTB Bank PJSC 0.010 11/03/2023 RUB 66.010
Corner Banca SA 11.200 10/12/2022 EUR 44.580
Corner Banca SA 10.000 10/12/2022 CHF 32.940
Goldman Sachs & Co W 6.000 6/21/2023 EUR 75.740
Goldman Sachs & Co W 6.000 6/21/2023 EUR 68.440
UniCredit Bank AG 4.400 04/12/2023 EUR 58.750
DZ Bank AG Deutsche 5.000 12/23/2022 EUR 45.670
UniCredit Bank AG 5.150 4/24/2023 EUR 60.890
Vontobel Financial P 9.250 6/24/2022 EUR 40.040
Societe Generale Eff 3.500 5/27/2022 EUR 49.290
Leonteq Securities A 8.000 01/12/2023 CHF 62.450
Leonteq Securities A 10.000 07/12/2022 CHF 57.330
Leonteq Securities A 10.000 01/12/2023 CHF 73.740
Leonteq Securities A 10.000 10/12/2022 CHF 56.250
Leonteq Securities A 10.000 07/06/2022 EUR 28.130
UniCredit Bank AG 3.600 09/02/2024 EUR 41.520
Leonteq Securities A 12.000 01/12/2023 CHF 34.550
Goldman Sachs & Co W 7.000 9/21/2022 EUR 71.480
Goldman Sachs & Co W 7.000 12/21/2022 EUR 69.830
Goldman Sachs & Co W 7.000 12/21/2022 EUR 69.790
Goldman Sachs & Co W 6.000 12/21/2022 EUR 72.510
Vontobel Financial P 14.000 6/24/2022 EUR 71.900
Goldman Sachs & Co W 5.000 9/21/2022 EUR 72.320
Sberbank of Russia P 0.010 11/06/2025 RUB 64.700
Corner Banca SA 14.000 05/09/2022 CHF 32.360
Leonteq Securities A 11.200 02/06/2023 CHF 43.680
Leonteq Securities A 18.000 08/09/2022 USD 40.140
Leonteq Securities A 13.000 02/06/2023 USD 50.740
Leonteq Securities A 10.000 02/06/2023 CHF 49.640
Leonteq Securities A 8.000 02/06/2023 USD 71.410
Zurcher Kantonalbank 6.000 2/13/2023 CHF 71.980
Vontobel Financial P 12.500 9/23/2022 EUR 67.780
Vontobel Financial P 13.500 9/23/2022 EUR 51.950
Vontobel Financial P 16.000 6/24/2022 EUR 48.710
Vontobel Financial P 13.000 9/23/2022 EUR 42.810
Vontobel Financial P 16.000 6/24/2022 EUR 39.810
Bank Julius Baer & C 17.000 05/09/2022 CHF 59.900
Leonteq Securities A 10.000 01/09/2023 EUR 76.260
UniCredit Bank AG 6.750 08/03/2022 EUR 79.550
Goldman Sachs & Co W 7.000 5/25/2022 EUR 71.260
Goldman Sachs & Co W 7.000 6/21/2023 EUR 72.020
Vontobel Financial P 6.250 6/24/2022 EUR 71.740
Goldman Sachs & Co W 7.000 7/20/2022 EUR 76.310
BrokerCreditService 3.500 4/30/2024 USD 53.000
Goldman Sachs & Co W 8.000 7/20/2022 EUR 67.160
Bank Vontobel AG 8.000 01/10/2023 CHF 64.900
Bank Vontobel AG 8.000 01/10/2023 CHF 64.900
Leonteq Securities A 22.810 08/09/2022 CHF 32.060
Goldman Sachs & Co W 7.000 8/24/2022 EUR 72.920
Goldman Sachs & Co W 7.000 5/25/2022 EUR 75.270
Goldman Sachs & Co W 7.000 6/22/2022 EUR 75.810
Goldman Sachs & Co W 7.000 6/21/2023 EUR 75.020
Bank Vontobel AG 11.000 01/10/2023 CHF 71.300
Vontobel Financial P 16.500 6/24/2022 EUR 52.690
Goldman Sachs & Co W 6.000 3/22/2023 EUR 75.620
Goldman Sachs & Co W 7.000 9/21/2022 EUR 77.410
Goldman Sachs & Co W 7.000 3/22/2023 EUR 75.610
Goldman Sachs & Co W 8.000 8/24/2022 EUR 69.810
Goldman Sachs & Co W 8.000 6/21/2023 EUR 70.280
Sberbank of Russia P 0.010 11/05/2025 RUB 64.700
Leonteq Securities A 10.000 07/06/2022 EUR 42.350
Skandinaviska Enskil 6.800 1/15/2024 SEK 75.320
Leonteq Securities A 9.000 01/12/2023 USD 47.770
Vontobel Financial P 13.000 6/24/2022 EUR 70.770
Vontobel Financial P 13.500 6/24/2022 EUR 77.540
Vontobel Financial P 15.500 6/24/2022 EUR 75.440
Vontobel Financial P 13.000 6/24/2022 EUR 39.800
Vontobel Financial P 17.500 6/24/2022 EUR 68.790
Vontobel Financial P 8.000 6/24/2022 EUR 43.820
Vontobel Financial P 9.500 6/24/2022 EUR 42.320
EFG International Fi 8.700 7/13/2023 EUR 38.690
Vontobel Financial P 12.250 6/24/2022 EUR 75.030
Citigroup Global Mar 8.200 3/21/2024 SEK 66.560
Sberbank of Russia P 0.010 11/20/2025 RUB 68.400
Mostotrest PJSC 0.010 7/29/2026 RUB 49.400
UBS AG/London 13.500 5/18/2022 CHF 24.420
UBS AG/London 12.250 11/18/2022 EUR 35.150
UBS AG/London 12.750 5/18/2022 CHF 64.500
Landesbank Baden-Wue 2.200 1/27/2023 EUR 29.510
DekaBank Deutsche Gi 3.250 08/11/2023 EUR 71.770
DekaBank Deutsche Gi 2.800 10/20/2023 EUR 52.740
EFG International Fi 4.670 11/23/2022 EUR 71.500
Zurcher Kantonalbank 10.750 7/15/2022 EUR 41.890
Leonteq Securities A 10.000 07/12/2023 CHF 61.990
Vontobel Financial P 16.500 6/24/2022 EUR 67.720
Vontobel Financial P 11.500 6/24/2022 EUR 79.810
Landesbank Baden-Wue 2.500 6/24/2022 EUR 65.170
Bank Julius Baer & C 7.950 10/11/2022 EUR 73.600
EFG International Fi 9.430 7/19/2022 USD 50.870
EFG International Fi 10.210 7/19/2022 USD 44.930
Vontobel Financial P 14.500 6/24/2022 EUR 69.160
Vontobel Financial P 12.500 6/24/2022 EUR 75.370
Vontobel Financial P 10.500 6/24/2022 EUR 79.070
Vontobel Financial P 15.000 6/24/2022 EUR 71.940
Vontobel Financial P 11.000 6/24/2022 EUR 40.960
Zurcher Kantonalbank 4.750 7/15/2022 CHF 64.550
Landesbank Baden-Wue 3.100 3/24/2023 EUR 77.700
Vontobel Financial P 16.450 03/03/2023 EUR 65.460
DekaBank Deutsche Gi 3.250 11/25/2022 EUR 54.290
Leonteq Securities A 16.400 06/02/2022 CHF 28.100
Landesbank Baden-Wue 4.550 3/24/2023 EUR 76.130
DekaBank Deutsche Gi 3.200 9/23/2022 EUR 65.950
DekaBank Deutsche Gi 3.500 7/22/2022 EUR 68.420
SG Issuer SA 8.700 1/20/2025 SEK 49.190
Nordea Bank Abp 9.000 1/20/2025 SEK 72.900
DekaBank Deutsche Gi 3.900 4/25/2022 EUR 37.640
Landesbank Baden-Wue 2.650 6/24/2022 EUR 73.810
Societe Generale Eff 6.100 04/03/2023 EUR 64.470
Societe Generale Eff 7.550 8/23/2024 EUR 57.020
Landesbank Baden-Wue 3.000 5/26/2023 EUR 65.290
Nordea Bank Abp 6.063 7/20/2024 SEK 68.480
Nordea Bank Abp 7.150 7/20/2024 SEK 70.370
UBS AG/London 13.250 4/29/2022 CHF 53.750
DekaBank Deutsche Gi 3.300 08/12/2022 EUR 79.560
Bank Otkritie Financ 0.010 2/26/2023 RUB 84.880
Leonteq Securities A 7.600 03/09/2023 EUR 70.120
UniCredit Bank AG 3.450 04/02/2024 EUR 62.160
Sberbank of Russia P 0.010 03/11/2025 RUB 74.400
Leonteq Securities A 16.000 06/01/2022 USD 23.390
Leonteq Securities A 11.000 11/28/2022 EUR 72.380
Leonteq Securities A 10.000 12/01/2022 USD 42.790
Leonteq Securities A 10.000 12/01/2022 CHF 79.870
Corner Banca SA 15.000 8/31/2022 EUR 37.490
Leonteq Securities A 15.000 8/31/2022 CHF 64.450
Luzerner Kantonalban 7.500 6/15/2022 CHF 59.420
Leonteq Securities A 11.000 06/01/2022 CHF 54.760
Bank Julius Baer & C 9.000 09/01/2022 CHF 72.200
Bank Julius Baer & C 7.250 06/02/2022 CHF 61.550
Zurcher Kantonalbank 10.000 06/08/2022 USD 35.250
Vontobel Financial P 7.500 6/24/2022 EUR 72.710
Vontobel Financial P 11.500 6/24/2022 EUR 72.390
UniCredit Bank AG 12.000 6/16/2022 EUR 31.100
Societe Generale Eff 11.250 6/24/2022 EUR 36.420
Societe Generale Eff 13.250 6/24/2022 EUR 34.110
Societe Generale Eff 15.250 6/24/2022 EUR 32.400
Vontobel Financial P 18.750 6/24/2022 EUR 19.830
Vontobel Financial P 6.750 6/24/2022 EUR 63.330
Vontobel Financial P 18.250 6/24/2022 EUR 59.200
Vontobel Financial P 14.750 6/24/2022 EUR 61.720
Vontobel Financial P 7.000 6/24/2022 EUR 76.730
Vontobel Financial P 14.250 6/24/2022 EUR 57.840
Vontobel Financial P 9.000 6/24/2022 EUR 71.960
Vontobel Financial P 5.500 6/24/2022 EUR 70.150
Vontobel Financial P 9.000 6/24/2022 EUR 69.060
Societe Generale Eff 5.250 6/24/2022 EUR 75.770
Societe Generale Eff 7.250 6/24/2022 EUR 69.600
Societe Generale Eff 9.250 6/24/2022 EUR 65.110
Societe Generale Eff 11.250 6/24/2022 EUR 61.610
Societe Generale Eff 10.000 6/24/2022 EUR 72.360
Societe Generale Eff 11.000 6/24/2022 EUR 70.540
Societe Generale Eff 12.000 6/24/2022 EUR 68.860
Societe Generale Eff 8.500 6/24/2022 EUR 74.650
Societe Generale Eff 10.500 6/24/2022 EUR 70.750
Societe Generale Eff 8.000 6/24/2022 EUR 76.510
Societe Generale Eff 9.000 6/24/2022 EUR 74.390
Vontobel Financial P 17.000 6/24/2022 EUR 49.950
Vontobel Financial P 14.500 6/24/2022 EUR 18.670
Societe Generale Eff 5.250 6/24/2022 EUR 49.470
Societe Generale Eff 7.250 6/24/2022 EUR 43.320
Societe Generale Eff 9.250 6/24/2022 EUR 39.260
Societe Generale Eff 8.250 6/24/2022 EUR 71.980
Societe Generale Eff 10.250 6/24/2022 EUR 67.770
Societe Generale Eff 12.250 6/24/2022 EUR 64.390
Societe Generale Eff 14.250 6/24/2022 EUR 61.590
Societe Generale Eff 5.500 6/24/2022 EUR 73.210
Societe Generale Eff 6.500 6/24/2022 EUR 70.490
Societe Generale Eff 7.500 6/24/2022 EUR 68.160
Societe Generale Eff 8.500 6/24/2022 EUR 66.150
Societe Generale Eff 10.000 6/24/2022 EUR 74.520
Landesbank Baden-Wue 4.100 6/27/2025 EUR 76.060
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 74.890
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 72.740
Leonteq Securities A 7.400 12/01/2023 USD 72.910
Bank Julius Baer & C 10.000 06/02/2022 CHF 42.450
DZ Bank AG Deutsche 10.250 6/22/2022 EUR 70.790
DZ Bank AG Deutsche 11.000 6/22/2022 EUR 70.120
DZ Bank AG Deutsche 6.000 6/22/2022 EUR 69.120
DZ Bank AG Deutsche 5.000 9/21/2022 EUR 70.250
Leasing-Trade OOO 11.000 4/30/2026 RUB 57.600
Raiffeisen Centroban 7.500 07/07/2023 EUR 50.270
Zurcher Kantonalbank 12.500 12/02/2022 EUR 74.480
Vontobel Financial P 23.950 06/03/2022 EUR 14.880
Vontobel Financial P 26.800 06/03/2022 EUR 32.750
Vontobel Financial P 15.500 06/02/2022 EUR 70.610
Societe Generale SA 8.510 06/06/2024 USD 74.710
Landesbank Baden-Wue 3.300 11/25/2022 EUR 72.180
Landesbank Baden-Wue 4.000 11/25/2022 EUR 70.050
Landesbank Baden-Wue 5.500 11/25/2022 EUR 66.470
Landesbank Baden-Wue 5.100 11/25/2022 EUR 46.660
Landesbank Baden-Wue 7.900 11/25/2022 EUR 42.160
Landesbank Baden-Wue 2.000 11/25/2022 EUR 72.640
Landesbank Baden-Wue 3.800 11/25/2022 EUR 67.200
Landesbank Baden-Wue 6.700 11/25/2022 EUR 73.810
Landesbank Baden-Wue 6.300 11/25/2022 EUR 78.030
Landesbank Baden-Wue 3.800 11/25/2022 EUR 69.850
DZ Bank AG Deutsche 15.500 6/24/2022 EUR 71.340
Landesbank Baden-Wue 5.750 11/25/2022 EUR 73.680
Landesbank Baden-Wue 7.850 11/25/2022 EUR 69.500
Landesbank Baden-Wue 2.000 11/25/2022 EUR 61.100
Landesbank Baden-Wue 5.350 11/25/2022 EUR 49.880
Landesbank Baden-Wue 8.500 11/25/2022 EUR 44.520
Landesbank Baden-Wue 4.350 11/25/2022 EUR 51.850
Landesbank Baden-Wue 5.400 11/25/2022 EUR 49.750
Landesbank Baden-Wue 6.600 11/25/2022 EUR 48.110
Landesbank Baden-Wue 5.900 11/25/2022 EUR 59.670
DekaBank Deutsche Gi 3.050 7/22/2022 EUR 64.550
UniCredit Bank AG 4.100 08/02/2023 EUR 76.300
Skandinaviska Enskil 7.800 7/15/2024 SEK 72.610
Vontobel Financial P 17.000 6/24/2022 EUR 64.820
Vontobel Financial P 12.500 6/24/2022 EUR 70.280
UniCredit Bank AG 7.300 6/14/2024 EUR 58.930
UniCredit Bank AG 7.200 6/14/2024 EUR 74.870
Vontobel Financial P 19.500 6/24/2022 EUR 63.350
Vontobel Financial P 22.500 6/24/2022 EUR 59.230
Bank Vontobel AG 15.010 08/08/2022 USD 51.400
Bank Vontobel AG 14.257 08/08/2022 CHF 50.500
Societe Generale SA 6.820 5/18/2026 USD 66.900
DZ Bank AG Deutsche 14.800 6/24/2022 EUR 74.830
DZ Bank AG Deutsche 15.200 9/23/2022 EUR 73.500
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 58.450
DZ Bank AG Deutsche 5.500 9/23/2022 EUR 75.740
DZ Bank AG Deutsche 7.100 9/23/2022 EUR 71.590
DZ Bank AG Deutsche 9.100 9/23/2022 EUR 68.130
DZ Bank AG Deutsche 11.200 9/23/2022 EUR 65.190
DZ Bank AG Deutsche 20.400 5/27/2022 EUR 66.310
DZ Bank AG Deutsche 12.000 6/24/2022 EUR 74.480
DZ Bank AG Deutsche 9.100 6/24/2022 EUR 72.110
DZ Bank AG Deutsche 8.300 9/23/2022 EUR 73.870
DZ Bank AG Deutsche 10.800 9/23/2022 EUR 70.350
DZ Bank AG Deutsche 15.000 6/24/2022 EUR 73.420
DZ Bank AG Deutsche 16.500 6/24/2022 EUR 73.620
DZ Bank AG Deutsche 14.500 9/23/2022 EUR 73.090
DZ Bank AG Deutsche 18.800 5/27/2022 EUR 63.570
DZ Bank AG Deutsche 21.200 6/24/2022 EUR 59.210
DZ Bank AG Deutsche 19.000 9/23/2022 EUR 62.890
DZ Bank AG Deutsche 8.700 9/23/2022 EUR 75.420
DZ Bank AG Deutsche 11.700 9/23/2022 EUR 70.390
DZ Bank AG Deutsche 6.250 6/20/2022 EUR 74.890
DZ Bank AG Deutsche 9.500 6/20/2022 EUR 71.700
EFG International Fi 15.000 11/14/2022 EUR 73.800
EFG International Fi 22.000 05/12/2022 CHF 59.390
EFG International Fi 14.000 05/12/2022 USD 45.830
Credit Suisse AG/Lon 8.000 08/12/2022 CHF 79.590
UBS AG/London 14.750 11/14/2022 CHF 40.950
UBS AG/London 10.500 11/14/2022 CHF 38.600
UBS AG/London 11.250 11/14/2022 CHF 62.800
UBS AG/London 5.500 05/12/2023 EUR 74.900
UBS AG/London 11.750 11/14/2022 CHF 39.800
Corner Banca SA 15.000 11/21/2022 USD 61.140
Leonteq Securities A 13.000 11/21/2022 USD 35.740
Leonteq Securities A 9.000 11/21/2022 CHF 54.590
Basler Kantonalbank 11.000 05/12/2022 CHF 68.000
Bank Julius Baer & C 8.550 5/13/2022 USD 39.500
Bank Julius Baer & C 6.000 5/13/2022 EUR 70.850
Leonteq Securities A 9.450 5/13/2022 USD 18.200
Leonteq Securities A 28.960 5/17/2022 CHF 55.070
Leonteq Securities A 10.000 11/14/2022 CHF 73.700
Vontobel Financial P 18.500 6/24/2022 EUR 64.900
Vontobel Financial P 16.500 6/24/2022 EUR 71.820
Vontobel Financial P 10.500 6/24/2022 EUR 74.340
Vontobel Financial P 12.500 6/24/2022 EUR 71.270
Vontobel Financial P 14.500 6/24/2022 EUR 68.480
Vontobel Financial P 18.500 6/24/2022 EUR 63.650
Vontobel Financial P 16.500 6/24/2022 EUR 65.950
Vontobel Financial P 11.000 6/24/2022 EUR 69.260
Vontobel Financial P 8.000 6/24/2022 EUR 73.770
Vontobel Financial P 9.500 6/24/2022 EUR 71.430
Vontobel Financial P 12.500 6/24/2022 EUR 67.250
Vontobel Financial P 14.000 6/24/2022 EUR 65.390
Vontobel Financial P 15.500 6/24/2022 EUR 63.660
Vontobel Financial P 17.000 6/24/2022 EUR 62.040
Vontobel Financial P 7.500 6/24/2022 EUR 69.300
Vontobel Financial P 8.000 6/24/2022 EUR 65.030
Vontobel Financial P 9.000 6/24/2022 EUR 66.190
Vontobel Financial P 16.000 6/24/2022 EUR 54.650
Credit Suisse AG/Lon 10.000 5/13/2022 USD 46.640
Vontobel Financial P 18.500 6/24/2022 EUR 77.310
Vontobel Financial P 13.500 6/24/2022 EUR 46.600
Vontobel Financial P 17.500 6/24/2022 EUR 42.800
Corner Banca SA 11.000 11/17/2022 EUR 61.200
Leonteq Securities A 9.000 11/17/2022 CHF 70.500
Leonteq Securities A 18.000 5/17/2022 USD 38.790
Leonteq Securities A 13.200 5/13/2022 USD 38.660
Leonteq Securities A 9.000 8/17/2022 CHF 70.780
Leonteq Securities A 10.000 8/17/2022 CHF 48.700
Vontobel Financial P 11.300 5/17/2022 USD 35.130
Vontobel Financial P 15.350 5/17/2022 USD 66.960
Bank Vontobel AG 11.008 11/14/2022 CHF 75.500
Vontobel Financial P 5.500 6/24/2022 EUR 64.920
Vontobel Financial P 8.750 6/24/2022 EUR 60.690
Vontobel Financial P 5.250 6/24/2022 EUR 74.810
Vontobel Financial P 11.750 6/24/2022 EUR 48.350
Vontobel Financial P 14.750 6/24/2022 EUR 66.180
Vontobel Financial P 11.750 6/24/2022 EUR 70.520
Vontobel Financial P 12.000 6/24/2022 EUR 60.310
Vontobel Financial P 14.250 6/24/2022 EUR 66.630
Leonteq Securities A 20.000 8/16/2022 CHF 68.750
Zurcher Kantonalbank 17.500 8/22/2022 CHF 61.290
Landesbank Baden-Wue 2.750 11/25/2022 EUR 54.310
Landesbank Baden-Wue 5.000 11/25/2022 EUR 75.720
Landesbank Baden-Wue 3.200 11/25/2022 EUR 37.930
Landesbank Baden-Wue 5.100 11/25/2022 EUR 34.260
Vontobel Financial P 14.500 6/24/2022 EUR 64.650
Vontobel Financial P 9.500 9/23/2022 EUR 61.890
UBS AG/London 10.000 06/02/2022 CHF 65.050
UBS AG/London 8.250 12/02/2022 CHF 62.400
Luzerner Kantonalban 7.600 8/16/2022 CHF 65.830
EFG International Fi 10.000 06/02/2022 CHF 46.540
Sberbank of Russia P 0.010 12/05/2025 RUB 64.600
Sberbank of Russia P 0.010 12/08/2025 RUB 65.400
SG Issuer SA 1.050 11/20/2025 EUR 15.550
Leonteq Securities A 12.000 06/08/2022 CHF 34.670
Leonteq Securities A 10.000 06/08/2022 EUR 64.610
Leonteq Securities A 11.000 06/07/2022 CHF 55.430
Nordea Bank Abp 2.000 12/29/2025 SEK 72.320
Vontobel Financial P 12.800 06/08/2022 USD 51.870
Raiffeisen Switzerla 7.500 06/07/2022 CHF 60.620
UniCredit Bank AG 5.800 01/12/2024 EUR 52.740
Vontobel Financial P 7.150 12/09/2022 CHF 67.110
UBS AG/London 7.250 12/09/2022 CHF 62.500
UBS AG/London 16.000 06/09/2022 USD 61.400
UBS AG/London 10.500 06/09/2022 CHF 34.950
UBS AG/London 12.250 06/09/2022 CHF 34.700
EFG International Fi 11.000 06/10/2022 USD 39.080
DekaBank Deutsche Gi 2.900 1/13/2023 EUR 43.650
DekaBank Deutsche Gi 2.000 01/12/2024 EUR 74.780
DekaBank Deutsche Gi 2.300 1/13/2023 EUR 75.060
Zurcher Kantonalbank 8.000 12/14/2022 CHF 65.770
Bank Vontobel AG 7.504 6/13/2022 CHF 33.400
Bank Vontobel AG 9.006 6/14/2022 CHF 58.900
Bank Vontobel AG 10.253 6/14/2022 EUR 62.400
Skandinaviska Enskil 7.450 1/15/2025 SEK 67.240
Nordea Bank Abp 8.500 1/20/2025 SEK 60.520
Landesbank Baden-Wue 3.150 3/24/2023 EUR 75.750
Sberbank of Russia P 0.010 9/25/2025 RUB 76.000
SG Issuer SA 2.200 01/10/2025 EUR 71.850
UniCredit Bank AG 4.800 05/06/2022 EUR 68.080
EFG International Fi 9.800 12/27/2022 CHF 60.400
Societe Generale SA 27.300 10/20/2025 USD 33.650
Skandinaviska Enskil 6.400 1/15/2025 SEK 65.220
Landesbank Baden-Wue 3.600 6/23/2023 EUR 60.090
Sberbank of Russia P 1.169 12/12/2024 RUB 73.200
Erste Group Bank AG 7.500 1/30/2025 EUR 73.200
Sberbank of Russia P 0.010 09/01/2025 RUB 73.600
UBS AG/London 6.750 5/16/2022 CHF 53.450
Bank Vontobel AG 10.003 9/19/2022 CHF 51.600
UBS AG/London 16.500 9/15/2022 USD 31.100
Zurcher Kantonalbank 10.500 11/18/2022 USD 64.080
Bank Vontobel AG 29.000 1/24/2023 CHF 54.400
UniCredit Bank AG 4.200 06/05/2023 EUR 63.130
Zurcher Kantonalbank 6.300 12/16/2022 CHF 45.200
Leonteq Securities A 6.600 01/09/2023 CHF 57.000
EFG International Fi 15.000 01/09/2023 USD 67.800
EFG International Fi 4.900 10/20/2023 USD 62.910
Skandinaviska Enskil 5.750 1/15/2025 SEK 70.160
EFG International Fi 4.900 10/16/2023 USD 65.570
Sberbank of Russia P 0.010 10/20/2025 RUB 69.100
UBS AG/London 9.250 10/21/2022 CHF 48.350
Sberbank of Russia P 0.010 10/23/2025 RUB 66.000
Sberbank of Russia P 0.010 10/22/2025 RUB 70.800
Sberbank of Russia P 0.010 10/23/2025 RUB 62.000
UniCredit Bank AG 6.600 9/13/2023 EUR 66.640
UBS AG/London 14.500 10/17/2022 USD 26.900
UniCredit Bank AG 4.150 05/08/2023 EUR 57.360
UniCredit Bank AG 4.900 5/22/2023 EUR 67.590
Sberbank of Russia P 3.200 9/24/2025 RUB 73.900
Sberbank of Russia P 0.010 9/17/2025 RUB 68.400
Bayerische Landesban 2.150 1/27/2023 EUR 76.620
Bayerische Landesban 3.500 1/26/2024 EUR 72.230
Bank Vontobel AG 9.501 12/12/2022 CHF 66.700
Bank Vontobel AG 9.750 12/12/2022 CHF 69.800
Landesbank Baden-Wue 7.500 7/22/2022 EUR 70.740
Landesbank Baden-Wue 3.100 7/22/2022 EUR 55.900
Landesbank Baden-Wue 5.850 7/22/2022 EUR 47.850
Landesbank Baden-Wue 3.250 7/22/2022 EUR 76.710
Landesbank Baden-Wue 4.300 7/22/2022 EUR 71.300
DZ Bank AG Deutsche 24.000 6/24/2022 EUR 42.080
DZ Bank AG Deutsche 24.400 6/24/2022 EUR 42.620
DZ Bank AG Deutsche 20.400 6/24/2022 EUR 56.700
Sberbank of Russia P 0.010 12/16/2025 RUB 68.700
Societe Generale Eff 3.000 6/24/2022 EUR 52.590
Societe Generale Eff 11.250 6/24/2022 EUR 56.880
Societe Generale Eff 6.250 7/22/2022 EUR 38.920
Societe Generale Eff 14.250 7/22/2022 EUR 30.070
Vontobel Financial P 9.500 6/24/2022 EUR 43.150
Leonteq Securities A 11.000 05/05/2022 CHF 36.540
Leonteq Securities A 9.000 02/08/2023 CHF 63.480
Vontobel Financial P 7.000 6/24/2022 EUR 72.510
Vontobel Financial P 7.500 9/23/2022 EUR 71.930
Vontobel Financial P 12.000 9/23/2022 EUR 67.230
Vontobel Financial P 15.000 9/23/2022 EUR 64.630
Sberbank of Russia P 1.165 2/24/2025 RUB 74.300
Raiffeisen Schweiz G 6.000 8/24/2022 CHF 73.390
Landesbank Baden-Wue 2.000 6/24/2022 EUR 73.470
DZ Bank AG Deutsche 16.900 6/24/2022 EUR 31.830
DZ Bank AG Deutsche 11.250 6/22/2022 EUR 74.830
DZ Bank AG Deutsche 14.600 6/24/2022 EUR 69.660
DZ Bank AG Deutsche 8.300 6/24/2022 EUR 64.670
Bank Vontobel AG 8.500 12/12/2022 EUR 64.900
Landesbank Baden-Wue 8.600 6/24/2022 EUR 39.210
Landesbank Baden-Wue 5.100 6/24/2022 EUR 45.500
DZ Bank AG Deutsche 24.400 6/24/2022 EUR 46.440
DZ Bank AG Deutsche 14.000 6/24/2022 EUR 34.210
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 57.440
DZ Bank AG Deutsche 10.200 6/24/2022 EUR 69.030
DZ Bank AG Deutsche 17.500 6/24/2022 EUR 65.770
DZ Bank AG Deutsche 4.600 6/24/2022 EUR 71.610
DZ Bank AG Deutsche 10.800 6/24/2022 EUR 61.940
UBS AG/London 7.250 07/05/2022 EUR 70.420
Landesbank Baden-Wue 3.250 6/24/2022 EUR 67.340
DZ Bank AG Deutsche 16.800 6/24/2022 EUR 52.260
DZ Bank AG Deutsche 19.200 6/24/2022 EUR 49.310
DZ Bank AG Deutsche 15.400 6/24/2022 EUR 51.040
Landesbank Baden-Wue 8.250 7/22/2022 EUR 70.310
Vontobel Financial P 8.750 6/24/2022 EUR 67.900
DZ Bank AG Deutsche 16.700 6/24/2022 EUR 65.960
Landesbank Baden-Wue 4.000 6/24/2022 EUR 72.090
Landesbank Baden-Wue 4.500 6/24/2022 EUR 61.360
Vontobel Financial P 15.000 6/24/2022 EUR 69.270
Vontobel Financial P 7.500 6/24/2022 EUR 73.110
Vontobel Financial P 17.500 6/24/2022 EUR 65.280
Vontobel Financial P 5.500 6/24/2022 EUR 54.530
Raiffeisen Schweiz G 8.000 9/14/2022 EUR 65.100
Raiffeisen Schweiz G 11.000 12/14/2022 CHF 73.100
Raiffeisen Schweiz G 5.000 8/24/2022 CHF 73.050
Bank Vontobel AG 9.502 12/12/2022 CHF 66.700
Bank Vontobel AG 7.502 12/12/2022 CHF 64.800
Bank Vontobel AG 15.001 9/13/2022 CHF 31.400
Vontobel Financial P 18.000 6/24/2022 EUR 62.110
Vontobel Financial P 20.000 6/24/2022 EUR 68.830
Vontobel Financial P 16.500 6/24/2022 EUR 74.610
Vontobel Financial P 7.500 6/24/2022 EUR 55.670
Vontobel Financial P 18.000 6/24/2022 EUR 53.630
Raiffeisen Schweiz G 10.000 12/14/2022 CHF 60.020
Vontobel Financial P 9.500 6/24/2022 EUR 67.700
Vontobel Financial P 16.000 6/24/2022 EUR 58.410
Vontobel Financial P 7.500 6/24/2022 EUR 71.660
Vontobel Financial P 20.500 6/24/2022 EUR 53.830
Leonteq Securities A 6.800 2/20/2023 CHF 70.010
Vontobel Financial P 11.000 6/24/2022 EUR 68.890
Vontobel Financial P 13.500 6/24/2022 EUR 68.800
Vontobel Financial P 18.000 6/24/2022 EUR 72.470
Vontobel Financial P 15.500 6/24/2022 EUR 64.570
Vontobel Financial P 13.500 6/24/2022 EUR 61.090
Vontobel Financial P 11.000 6/24/2022 EUR 64.120
Leonteq Securities A 6.000 2/20/2023 CHF 63.580
VTB Bank PJSC 2.000 4/29/2026 RUB 63.000
Credit Suisse AG/Lon 6.000 8/22/2022 CHF 71.870
EFG International Fi 9.800 6/21/2023 EUR 42.420
Bank Vontobel AG 7.550 1/30/2023 CHF 68.300
Leonteq Securities A 10.000 10/31/2022 USD 49.960
Zurcher Kantonalbank 18.000 05/06/2022 CHF 50.550
Leonteq Securities A 15.000 08/02/2022 CHF 27.630
Leonteq Securities A 10.000 1/30/2023 EUR 78.480
Leonteq Securities A 17.000 08/02/2022 USD 34.510
Leonteq Securities A 26.350 08/03/2022 CHF 65.330
Leonteq Securities A 9.000 10/31/2022 CHF 61.200
Leonteq Securities A 12.000 6/21/2022 CHF 32.450
Leonteq Securities A 20.000 7/29/2022 CHF 35.930
Leonteq Securities A 22.450 7/29/2022 CHF 33.700
Vontobel Financial P 6.500 6/24/2022 EUR 69.790
Zurcher Kantonalbank 11.000 6/28/2022 CHF 76.180
Leonteq Securities A 11.000 10/31/2022 USD 47.150
Landesbank Baden-Wue 5.650 5/27/2022 EUR 43.680
Vontobel Financial P 8.000 6/24/2022 EUR 69.960
Vontobel Financial P 9.500 6/24/2022 EUR 67.870
Vontobel Financial P 14.000 6/24/2022 EUR 62.470
Vontobel Financial P 17.000 6/24/2022 EUR 59.460
Vontobel Financial P 21.000 6/24/2022 EUR 74.420
Vontobel Financial P 16.500 6/24/2022 EUR 66.420
Vontobel Financial P 5.500 6/24/2022 EUR 68.560
Vontobel Financial P 15.500 6/24/2022 EUR 71.630
Vontobel Financial P 13.000 6/24/2022 EUR 76.420
Vontobel Financial P 10.000 6/24/2022 EUR 31.100
Credit Suisse AG/Lon 8.250 9/19/2022 EUR 69.350
Zurcher Kantonalbank 8.000 08/08/2022 CHF 69.780
Vontobel Financial P 10.500 6/24/2022 EUR 62.160
Zurcher Kantonalbank 15.500 05/10/2022 CHF 69.780
Vontobel Financial P 8.000 6/24/2022 EUR 64.950
Vontobel Financial P 17.500 6/24/2022 EUR 72.570
Vontobel Financial P 13.500 6/24/2022 EUR 57.120
Vontobel Financial P 18.000 6/24/2022 EUR 59.360
Vontobel Financial P 12.500 6/24/2022 EUR 65.360
Vontobel Financial P 16.000 6/24/2022 EUR 61.610
Vontobel Financial P 16.500 6/24/2022 EUR 76.320
Vontobel Financial P 16.000 6/24/2022 EUR 72.710
Vontobel Financial P 7.500 6/24/2022 EUR 60.730
Sberbank of Russia P 0.010 03/04/2026 RUB 64.900
UBS AG/London 9.750 09/05/2022 CHF 66.400
UBS AG/London 16.250 09/05/2022 CHF 57.300
Leonteq Securities A 20.000 06/01/2022 EUR 67.750
EFG International Fi 6.400 03/08/2023 USD 70.100
UniCredit Bank AG 5.300 04/08/2025 EUR 75.230
Zurcher Kantonalbank 13.000 6/17/2022 CHF 64.630
Sberbank of Russia P 0.010 03/06/2028 RUB 57.300
Bank Vontobel AG 23.008 06/02/2022 CHF 41.800
Bank Vontobel AG 10.506 09/02/2022 CHF 66.500
Bank Vontobel AG 8.252 09/02/2022 EUR 70.100
Bank Vontobel AG 7.259 06/03/2022 CHF 65.300
Sberbank of Russia P 0.010 03/05/2026 RUB 68.000
Bank Vontobel AG 7.250 06/03/2022 CHF 51.600
Bank Vontobel AG 5.254 09/02/2022 CHF 69.600
Bank Vontobel AG 14.004 09/02/2022 CHF 40.500
Sberbank of Russia P 0.010 03/04/2026 RUB 64.200
Leonteq Securities A 14.000 06/08/2022 CHF 39.770
Leonteq Securities A 17.000 06/08/2022 USD 31.280
Zurcher Kantonalbank 7.000 09/08/2022 CHF 79.770
Bank Vontobel AG 25.504 5/24/2022 CHF 35.800
Bank Vontobel AG 15.004 8/26/2022 CHF 30.400
Bank Vontobel AG 15.004 8/26/2022 CHF 30.400
DZ Bank AG Deutsche 8.000 6/20/2022 EUR 75.160
Bank Julius Baer & C 7.000 06/10/2022 CHF 49.500
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 73.920
Leonteq Securities A 16.000 06/10/2022 CHF 32.190
Aerofuels JSC 9.250 2/28/2024 RUB 71.380
UBS AG/London 9.250 03/10/2023 CHF 59.800
UBS AG/London 10.750 09/12/2022 CHF 56.200
UBS AG/London 16.500 09/12/2022 CHF 60.950
Raiffeisen Switzerla 8.500 09/08/2022 CHF 56.490
Vontobel Financial P 3.000 09/05/2023 EUR 75.570
Landesbank Baden-Wue 2.200 12/23/2022 EUR 74.920
Landesbank Baden-Wue 2.150 12/23/2022 EUR 55.420
Landesbank Baden-Wue 3.000 12/23/2022 EUR 60.930
DekaBank Deutsche Gi 2.500 10/24/2023 EUR 65.980
SG Issuer SA 8.120 7/20/2023 SEK 68.580
UniCredit Bank AG 3.600 10/05/2022 EUR 55.530
DekaBank Deutsche Gi 2.600 10/24/2023 EUR 66.120
Landesbank Baden-Wue 2.600 9/22/2023 EUR 70.160
Danske Bank A/S 7.141 07/09/2023 SEK 68.360
Bank Julius Baer & C 8.900 6/17/2022 USD 63.450
Vontobel Financial P 8.250 6/24/2022 EUR 44.030
Vontobel Financial P 4.200 9/16/2022 EUR 75.630
Vontobel Financial P 8.500 7/13/2022 EUR 69.660
VTB Bank PJSC 0.010 5/20/2026 RUB 66.150
Credit Suisse AG/Lon 12.000 4/29/2022 USD 19.110
Vontobel Financial P 16.500 6/24/2022 EUR 53.670
Vontobel Financial P 15.000 6/24/2022 EUR 62.820
Vontobel Financial P 9.000 6/24/2022 EUR 48.490
Vontobel Financial P 17.000 6/24/2022 EUR 40.810
Vontobel Financial P 13.000 6/24/2022 EUR 44.180
Vontobel Financial P 5.000 6/24/2022 EUR 65.750
Vontobel Financial P 10.500 6/24/2022 EUR 56.640
Leonteq Securities A 24.350 4/29/2022 CHF 54.020
UniCredit Bank AG 12.000 8/18/2022 EUR 50.600
Societe Generale Eff 4.750 6/24/2022 EUR 38.960
Bank Vontobel AG 11.000 08/01/2022 EUR 43.700
Vontobel Financial P 11.500 6/24/2022 EUR 72.660
Vontobel Financial P 12.500 6/24/2022 EUR 70.920
Vontobel Financial P 15.000 6/24/2022 EUR 67.810
Vontobel Financial P 14.000 6/24/2022 EUR 69.360
Vontobel Financial P 16.500 6/24/2022 EUR 64.570
Vontobel Financial P 15.000 6/24/2022 EUR 26.970
Vontobel Financial P 10.500 6/24/2022 EUR 68.290
Vontobel Financial P 13.500 6/24/2022 EUR 64.020
Vontobel Financial P 17.000 6/24/2022 EUR 60.450
Vontobel Financial P 11.500 6/24/2022 EUR 74.660
Vontobel Financial P 17.000 6/24/2022 EUR 66.500
Vontobel Financial P 7.500 6/24/2022 EUR 33.260
Vontobel Financial P 5.500 6/24/2022 EUR 58.160
Leonteq Securities A 12.000 7/29/2022 CHF 62.470
Leonteq Securities A 7.000 05/03/2023 CHF 65.400
Vontobel Financial P 8.250 6/24/2022 EUR 62.800
Vontobel Financial P 9.750 6/24/2022 EUR 71.160
Leonteq Securities A 10.000 11/02/2022 CHF 48.260
Leonteq Securities A 5.000 1/30/2023 USD 46.180
Leonteq Securities A 2.800 7/29/2022 EUR 52.350
Leonteq Securities A 23.180 4/29/2022 USD 21.640
Zurcher Kantonalbank 10.000 6/24/2022 CHF 68.930
Zurcher Kantonalbank 9.000 6/28/2022 CHF 77.830
Vontobel Financial P 12.000 6/24/2022 EUR 31.680
Goldman Sachs & Co W 15.000 6/22/2022 EUR 67.460
Goldman Sachs & Co W 19.000 6/22/2022 EUR 63.340
Goldman Sachs & Co W 12.000 3/22/2023 EUR 66.070
Goldman Sachs & Co W 10.000 6/22/2022 EUR 72.450
Goldman Sachs & Co W 10.000 9/21/2022 EUR 74.860
Goldman Sachs & Co W 7.000 12/21/2022 EUR 74.350
Goldman Sachs & Co W 10.000 12/21/2022 EUR 69.730
Goldman Sachs & Co W 13.000 12/21/2022 EUR 63.740
Goldman Sachs & Co W 8.000 3/22/2023 EUR 73.410
Goldman Sachs & Co W 10.000 3/22/2023 EUR 69.300
Goldman Sachs & Co W 10.000 9/21/2022 EUR 74.860
Goldman Sachs & Co W 17.000 6/22/2022 EUR 57.840
Goldman Sachs & Co W 8.000 9/21/2022 EUR 73.090
Goldman Sachs & Co W 9.000 9/21/2022 EUR 70.000
Goldman Sachs & Co W 15.000 9/21/2022 EUR 61.290
DekaBank Deutsche Gi 3.350 04/08/2024 EUR 67.610
DekaBank Deutsche Gi 3.250 04/06/2023 EUR 72.780
Leonteq Securities A 8.000 3/15/2023 CHF 61.210
Zurcher Kantonalbank 8.500 06/10/2022 EUR 40.450
Vontobel Financial P 16.000 6/24/2022 EUR 70.210
Vontobel Financial P 14.000 6/24/2022 EUR 72.390
Vontobel Financial P 14.000 6/24/2022 EUR 71.170
Vontobel Financial P 15.000 6/24/2022 EUR 27.820
Vontobel Financial P 10.500 6/24/2022 EUR 58.560
Zurcher Kantonalbank 7.750 05/10/2022 CHF 76.890
Bank Julius Baer & C 9.250 9/19/2022 EUR 71.300
Bank Julius Baer & C 8.450 6/17/2022 USD 73.350
Bank Julius Baer & C 12.000 9/19/2022 USD 69.450
Landesbank Baden-Wue 3.000 8/26/2022 EUR 70.120
Vontobel Financial P 8.500 6/24/2022 EUR 71.570
Vontobel Financial P 17.500 6/24/2022 EUR 75.040
Vontobel Financial P 16.000 6/24/2022 EUR 67.970
Vontobel Financial P 18.000 6/24/2022 EUR 68.050
Vontobel Financial P 17.500 6/24/2022 EUR 26.580
Vontobel Financial P 12.500 6/24/2022 EUR 29.310
Landesbank Baden-Wue 4.000 7/25/2025 EUR 48.610
Societe Generale Eff 6.500 6/24/2022 EUR 34.620
Vontobel Financial P 7.500 6/24/2022 EUR 70.460
Vontobel Financial P 19.500 6/24/2022 EUR 57.090
Zurcher Kantonalbank 9.250 05/10/2022 CHF 72.090
Vontobel Financial P 18.500 6/24/2022 EUR 63.710
Goldman Sachs & Co W 7.000 6/22/2022 EUR 75.440
Vontobel Financial P 9.500 6/24/2022 EUR 67.670
Vontobel Financial P 11.500 6/24/2022 EUR 65.140
Vontobel Financial P 15.500 6/24/2022 EUR 60.750
Vontobel Financial P 13.500 6/24/2022 EUR 62.840
Vontobel Financial P 12.500 6/24/2022 EUR 64.140
Vontobel Financial P 10.500 6/24/2022 EUR 65.860
Zurcher Kantonalbank 20.500 08/09/2022 CHF 46.890
Vontobel Financial P 12.000 6/24/2022 EUR 59.200
Vontobel Financial P 8.500 6/24/2022 EUR 63.420
Vontobel Financial P 7.500 6/24/2022 EUR 31.920
Vontobel Financial P 12.500 6/24/2022 EUR 28.330
Vontobel Financial P 17.500 6/24/2022 EUR 25.830
Zurcher Kantonalbank 8.000 05/10/2022 EUR 73.400
EFG International Fi 8.560 6/17/2022 CHF 67.900
Leonteq Securities A 21.290 6/17/2022 CHF 64.380
Vontobel Financial P 15.000 6/24/2022 EUR 55.320
Leonteq Securities A 20.760 6/17/2022 CHF 26.260
Vontobel Financial P 6.000 6/24/2022 EUR 54.290
Vontobel Financial P 5.500 6/24/2022 EUR 68.090
Vontobel Financial P 13.500 6/24/2022 EUR 53.180
Vontobel Financial P 6.000 6/24/2022 EUR 73.610
Vontobel Financial P 10.500 6/24/2022 EUR 74.490
Vontobel Financial P 10.000 6/24/2022 EUR 29.960
Vontobel Financial P 13.500 6/24/2022 EUR 59.760
Vontobel Financial P 17.000 6/24/2022 EUR 50.350
Societe Generale Eff 5.000 5/27/2022 EUR 37.370
Vontobel Financial P 17.500 6/24/2022 EUR 58.840
Vontobel Financial P 6.500 6/24/2022 EUR 72.210
Vontobel Financial P 15.500 6/24/2022 EUR 60.910
Vontobel Financial P 17.500 6/24/2022 EUR 65.030
Landesbank Baden-Wue 2.650 9/22/2023 EUR 68.210
Leonteq Securities A 23.690 06/03/2022 CHF 24.540
Leonteq Securities A 23.290 06/03/2022 CHF 63.800
Leonteq Securities A 11.000 09/07/2022 CHF 60.860
EFG International Fi 9.850 06/08/2022 USD 71.890
Erste Group Bank AG 8.000 6/30/2022 EUR 66.300
Erste Group Bank AG 6.500 6/30/2022 EUR 66.000
Erste Group Bank AG 4.250 6/30/2022 EUR 65.900
UniCredit Bank AG 4.050 07/01/2024 EUR 73.220
UBS AG/London 11.000 11/30/2022 CHF 34.450
UBS AG/London 6.500 11/30/2022 CHF 69.750
UBS AG/London 5.250 5/31/2023 CHF 75.700
UBS AG/London 10.250 11/30/2022 CHF 61.500
UBS AG/London 5.250 5/31/2023 EUR 65.100
UBS AG/London 12.500 11/30/2022 CHF 59.650
Leonteq Securities A 14.000 06/08/2022 CHF 38.410
Leonteq Securities A 12.000 06/08/2022 CHF 17.540
Zurcher Kantonalbank 9.500 6/15/2022 EUR 67.740
Zurcher Kantonalbank 9.250 6/15/2022 CHF 72.000
Vontobel Financial P 12.750 6/24/2022 EUR 67.040
Vontobel Financial P 10.000 6/24/2022 EUR 63.630
Raiffeisen Centroban 12.652 9/21/2022 EUR 70.140
Vontobel Financial P 12.000 6/24/2022 EUR 63.720
Vontobel Financial P 9.750 6/24/2022 EUR 34.550
DZ Bank AG Deutsche 7.000 9/19/2022 EUR 72.330
DZ Bank AG Deutsche 6.200 6/20/2022 EUR 73.660
DZ Bank AG Deutsche 5.400 9/19/2022 EUR 74.930
Raiffeisen Switzerla 13.000 5/19/2022 CHF 58.040
Leonteq Securities A 9.300 8/24/2022 USD 43.760
UBS AG/London 11.000 8/24/2022 CHF 49.350
UBS AG/London 11.250 8/24/2022 CHF 67.150
Credit Suisse AG/Lon 7.250 5/18/2022 CHF 60.170
Credit Suisse AG/Lon 8.100 8/23/2022 CHF 67.160
UniCredit Bank AG 4.450 12/29/2022 EUR 35.590
EFG International Fi 7.000 5/23/2022 EUR 31.670
SG Issuer SA 7.500 1/20/2025 SEK 46.800
Landesbank Baden-Wue 2.750 11/25/2022 EUR 56.690
UniCredit Bank AG 3.800 12/29/2022 EUR 41.550
DekaBank Deutsche Gi 3.000 12/29/2022 EUR 55.290
Landesbank Baden-Wue 3.400 2/24/2023 EUR 68.030
Leonteq Securities A 17.140 08/12/2022 CHF 66.710
Leonteq Securities A 18.480 08/12/2022 CHF 69.790
Landesbank Baden-Wue 6.750 8/26/2022 EUR 34.340
Landesbank Baden-Wue 9.000 9/23/2022 EUR 76.700
Landesbank Baden-Wue 10.100 8/26/2022 EUR 63.890
Landesbank Baden-Wue 5.000 8/26/2022 EUR 74.520
Landesbank Baden-Wue 4.800 8/26/2022 EUR 36.730
Landesbank Baden-Wue 5.000 8/26/2022 EUR 70.730
BNP Paribas Emission 8.000 6/23/2022 EUR 56.080
BNP Paribas Emission 14.000 6/23/2022 EUR 51.560
BNP Paribas Emission 5.000 9/22/2022 EUR 63.800
BNP Paribas Emission 8.000 9/22/2022 EUR 58.230
BNP Paribas Emission 12.000 9/22/2022 EUR 54.400
BNP Paribas Emission 5.000 12/22/2022 EUR 65.020
BNP Paribas Emission 8.000 12/22/2022 EUR 60.260
BNP Paribas Emission 10.000 6/23/2022 EUR 69.580
BNP Paribas Emission 8.000 9/22/2022 EUR 71.360
BNP Paribas Emission 8.000 12/22/2022 EUR 73.160
BNP Paribas Emission 8.000 9/22/2022 EUR 70.060
BNP Paribas Emission 8.000 12/22/2022 EUR 71.990
BNP Paribas Emission 8.000 12/22/2022 EUR 72.290
BNP Paribas Emission 10.000 12/22/2022 EUR 56.140
BNP Paribas Emission 10.000 6/23/2022 EUR 68.880
BNP Paribas Emission 10.000 9/22/2022 EUR 71.360
BNP Paribas Emission 10.000 6/23/2022 EUR 77.120
BNP Paribas Emission 10.000 9/22/2022 EUR 77.330
BNP Paribas Emission 14.000 9/22/2022 EUR 70.100
BNP Paribas Emission 8.000 12/22/2022 EUR 76.730
BNP Paribas Emission 14.000 12/22/2022 EUR 72.580
BNP Paribas Emission 6.000 12/22/2022 EUR 53.980
BNP Paribas Emission 6.000 12/22/2022 EUR 51.140
BNP Paribas Emission 8.000 12/22/2022 EUR 49.900
BNP Paribas Emission 8.000 9/22/2022 EUR 48.090
BNP Paribas Emission 12.000 9/22/2022 EUR 72.500
BNP Paribas Emission 12.000 12/22/2022 EUR 75.080
Societe Generale Eff 4.000 7/22/2022 EUR 40.230
BNP Paribas Emission 6.000 6/23/2022 EUR 51.300
BNP Paribas Emission 8.000 6/23/2022 EUR 48.670
BNP Paribas Emission 10.000 6/23/2022 EUR 46.370
BNP Paribas Emission 6.000 9/22/2022 EUR 52.780
BNP Paribas Emission 8.000 9/22/2022 EUR 50.680
BNP Paribas Emission 12.000 6/23/2022 EUR 74.770
BNP Paribas Emission 5.000 6/23/2022 EUR 62.420
Vontobel Financial P 6.000 6/24/2022 EUR 72.300
Vontobel Financial P 11.250 6/24/2022 EUR 75.050
Vontobel Financial P 6.250 6/24/2022 EUR 66.690
Vontobel Financial P 14.250 6/24/2022 EUR 43.350
Vontobel Financial P 16.250 6/24/2022 EUR 65.870
Vontobel Financial P 5.750 6/24/2022 EUR 75.990
Vontobel Financial P 8.000 6/24/2022 EUR 63.960
Vontobel Financial P 20.000 6/24/2022 EUR 35.890
Vontobel Financial P 5.250 6/24/2022 EUR 74.800
Vontobel Financial P 9.000 6/24/2022 EUR 74.910
Leonteq Securities A 10.000 2/13/2023 USD 61.510
Leonteq Securities A 16.000 11/16/2022 CHF 63.010
Leonteq Securities A 12.000 11/16/2022 CHF 38.360
Corner Banca SA 10.000 2/13/2023 EUR 44.500
Corner Banca SA 13.000 8/16/2022 CHF 36.010
Leonteq Securities A 14.000 2/13/2023 CHF 50.940
Leonteq Securities A 13.000 11/16/2022 USD 70.140
Bank Vontobel AG 6.500 2/13/2023 CHF 66.100
Bank Vontobel AG 10.000 8/15/2022 CHF 64.800
Bank Vontobel AG 10.000 8/15/2022 CHF 64.800
Bank Vontobel AG 14.500 2/13/2023 EUR 59.200
Bank Vontobel AG 7.500 2/13/2023 EUR 64.600
Bank Julius Baer & C 19.600 5/16/2022 CHF 30.550
Societe Generale Eff 13.000 5/27/2022 EUR 78.800
Societe Generale Eff 15.000 5/27/2022 EUR 76.300
Societe Generale Eff 14.000 6/24/2022 EUR 77.510
Societe Generale Eff 3.500 8/26/2022 EUR 42.730
Societe Generale Eff 13.250 7/22/2022 EUR 78.300
Societe Generale Eff 12.500 8/26/2022 EUR 79.060
Corner Banca SA 12.000 06/01/2022 CHF 36.270
Zurcher Kantonalbank 21.500 8/23/2022 USD 45.860
Zurcher Kantonalbank 6.020 8/16/2022 CHF 79.040
Zurcher Kantonalbank 11.500 8/23/2022 EUR 74.630
Leonteq Securities A 26.150 8/16/2022 CHF 35.740
Zurcher Kantonalbank 18.500 8/22/2022 USD 52.460
Landesbank Baden-Wue 5.000 11/25/2022 EUR 46.970
Landesbank Baden-Wue 3.200 11/25/2022 EUR 73.300
DZ Bank AG Deutsche 5.000 8/24/2022 EUR 70.980
ID Collect LLC 12.000 7/25/2024 RUB 71.150
Bank Julius Baer & C 5.750 8/17/2022 CHF 65.250
Zurcher Kantonalbank 12.900 8/17/2022 CHF 39.960
EFG International Fi 4.900 12/04/2023 USD 59.820
UBS AG/London 15.000 06/03/2022 USD 32.600
Sberbank of Russia P 0.010 12/02/2025 RUB 67.100
T-Centrum CZ AS 6.940 10/30/2024 CZK 72.000
DekaBank Deutsche Gi 3.350 11/28/2022 EUR 74.780
Basler Kantonalbank 10.000 2/13/2023 CHF 64.370
EFG International Fi 15.000 2/13/2023 EUR 37.410
BNP Paribas Emission 10.000 6/23/2022 EUR 68.840
BNP Paribas Emission 6.000 6/23/2022 EUR 66.220
BNP Paribas Emission 6.000 9/22/2022 EUR 67.790
BNP Paribas Emission 6.000 12/22/2022 EUR 69.150
BNP Paribas Emission 6.000 6/23/2022 EUR 74.060
BNP Paribas Emission 12.000 6/23/2022 EUR 68.910
BNP Paribas Emission 6.000 9/22/2022 EUR 75.560
BNP Paribas Emission 10.000 9/22/2022 EUR 74.040
BNP Paribas Emission 14.000 6/23/2022 EUR 72.860
BNP Paribas Emission 8.000 6/23/2022 EUR 75.360
BNP Paribas Emission 10.000 6/23/2022 EUR 70.760
BNP Paribas Emission 8.000 9/22/2022 EUR 77.150
BNP Paribas Emission 12.000 9/22/2022 EUR 69.780
BNP Paribas Emission 8.000 12/22/2022 EUR 74.140
BNP Paribas Emission 10.000 12/22/2022 EUR 71.310
BNP Paribas Emission 12.000 9/22/2022 EUR 75.540
BNP Paribas Emission 8.000 9/22/2022 EUR 70.570
BNP Paribas Emission 5.000 12/22/2022 EUR 74.150
BNP Paribas Emission 8.000 12/22/2022 EUR 72.350
BNP Paribas Emission 4.000 6/23/2022 EUR 74.410
BNP Paribas Emission 5.000 6/23/2022 EUR 69.320
BNP Paribas Emission 5.000 9/22/2022 EUR 69.710
BNP Paribas Emission 8.000 9/22/2022 EUR 65.470
BNP Paribas Emission 10.000 6/23/2022 EUR 61.570
BNP Paribas Emission 14.000 6/23/2022 EUR 58.680
BNP Paribas Emission 15.000 6/23/2022 EUR 57.000
BNP Paribas Emission 12.000 9/22/2022 EUR 61.510
BNP Paribas Emission 15.000 6/23/2022 EUR 70.000
BNP Paribas Emission 5.000 12/22/2022 EUR 70.560
BNP Paribas Emission 8.000 12/22/2022 EUR 67.260
BNP Paribas Emission 10.000 9/22/2022 EUR 66.960
BNP Paribas Emission 10.000 9/22/2022 EUR 64.170
BNP Paribas Emission 5.000 12/22/2022 EUR 71.750
BNP Paribas Emission 8.000 12/22/2022 EUR 69.250
BNP Paribas Emission 14.000 9/22/2022 EUR 28.940
BNP Paribas Emission 12.000 12/22/2022 EUR 31.030
EFG International Fi 17.000 08/11/2022 CHF 63.340
Societe Generale Eff 12.000 5/27/2022 EUR 75.050
Societe Generale Eff 13.250 6/24/2022 EUR 75.940
Societe Generale Eff 15.250 6/24/2022 EUR 73.160
Societe Generale Eff 14.500 7/22/2022 EUR 74.060
BNP Paribas Emission 6.000 6/23/2022 EUR 72.170
Societe Generale Eff 6.500 6/24/2022 EUR 71.660
BNP Paribas Emission 14.000 6/23/2022 EUR 58.140
BNP Paribas Emission 12.000 9/22/2022 EUR 60.940
BNP Paribas Emission 10.000 12/22/2022 EUR 62.580
BNP Paribas Emission 10.000 9/22/2022 EUR 71.200
BNP Paribas Emission 12.000 9/22/2022 EUR 70.780
BNP Paribas Emission 14.000 6/23/2022 EUR 67.070
BNP Paribas Emission 10.000 9/22/2022 EUR 73.220
BNP Paribas Emission 14.000 6/23/2022 EUR 77.540
BNP Paribas Emission 10.000 12/22/2022 EUR 75.630
BNP Paribas Emission 6.000 9/22/2022 EUR 73.630
BNP Paribas Emission 14.000 6/23/2022 EUR 59.540
BNP Paribas Emission 5.000 6/23/2022 EUR 68.590
BNP Paribas Emission 14.000 6/23/2022 EUR 59.640
BNP Paribas Emission 4.000 9/22/2022 EUR 75.550
BNP Paribas Emission 8.000 6/23/2022 EUR 65.240
BNP Paribas Emission 15.000 9/22/2022 EUR 60.210
BNP Paribas Emission 12.000 12/22/2022 EUR 63.540
BNP Paribas Emission 14.000 12/22/2022 EUR 59.290
BNP Paribas Emission 10.000 6/23/2022 EUR 74.900
Societe Generale Eff 13.750 8/26/2022 EUR 74.910
BNP Paribas Emission 12.000 9/22/2022 EUR 62.400
BNP Paribas Emission 4.000 12/22/2022 EUR 75.780
BNP Paribas Emission 12.000 9/22/2022 EUR 63.550
BNP Paribas Emission 5.000 6/23/2022 EUR 72.530
BNP Paribas Emission 10.000 6/23/2022 EUR 64.400
BNP Paribas Emission 5.000 9/22/2022 EUR 73.650
BNP Paribas Emission 5.000 12/22/2022 EUR 74.390
BNP Paribas Emission 8.000 12/22/2022 EUR 67.970
BNP Paribas Emission 5.000 9/22/2022 EUR 70.640
BNP Paribas Emission 8.000 9/22/2022 EUR 67.330
BNP Paribas Emission 12.000 9/22/2022 EUR 61.470
BNP Paribas Emission 8.000 6/23/2022 EUR 30.690
BNP Paribas Emission 10.000 6/23/2022 EUR 28.560
BNP Paribas Emission 12.000 6/23/2022 EUR 26.790
BNP Paribas Emission 8.000 9/22/2022 EUR 32.770
BNP Paribas Emission 10.000 9/22/2022 EUR 31.150
BNP Paribas Emission 12.000 9/22/2022 EUR 29.900
BNP Paribas Emission 8.000 12/22/2022 EUR 32.210
BNP Paribas Emission 10.000 12/22/2022 EUR 31.480
BNP Paribas Emission 10.000 6/23/2022 EUR 65.690
UniCredit Bank AG 10.000 9/15/2022 EUR 77.390
Bank Julius Baer & C 9.600 08/12/2022 USD 42.200
Leonteq Securities A 26.380 08/12/2022 CHF 53.130
Landesbank Baden-Wue 8.700 8/26/2022 EUR 68.090
Landesbank Baden-Wue 3.600 8/26/2022 EUR 69.370
Landesbank Baden-Wue 3.000 8/26/2022 EUR 75.100
Zurcher Kantonalbank 12.000 8/23/2022 CHF 74.900
Zurcher Kantonalbank 20.500 8/23/2022 CHF 56.070
DZ Bank AG Deutsche 9.700 6/24/2022 EUR 71.970
DZ Bank AG Deutsche 24.500 6/24/2022 EUR 39.630
Landesbank Baden-Wue 10.500 6/24/2022 EUR 42.120
Landesbank Baden-Wue 2.500 6/24/2022 EUR 54.880
Landesbank Baden-Wue 9.500 6/24/2022 EUR 37.460
Landesbank Baden-Wue 2.500 6/24/2022 EUR 51.660
Landesbank Baden-Wue 2.000 6/24/2022 EUR 70.930
Landesbank Baden-Wue 8.000 6/24/2022 EUR 54.370
Zurcher Kantonalbank 10.000 6/23/2022 CHF 75.720
EFG International Fi 18.000 6/16/2022 CHF 28.110
SG Issuer SA 0.263 2/20/2025 EUR 19.910
UBS AG/London 11.250 12/16/2022 USD 69.150
UBS AG/London 8.250 6/16/2023 CHF 66.750
Landesbank Baden-Wue 3.500 6/24/2022 EUR 67.550
Landesbank Baden-Wue 5.250 6/24/2022 EUR 79.040
DZ Bank AG Deutsche 7.300 6/24/2022 EUR 67.690
Landesbank Baden-Wue 4.200 6/24/2022 EUR 50.810
Landesbank Baden-Wue 7.150 6/24/2022 EUR 45.910
Landesbank Baden-Wue 7.250 7/22/2022 EUR 68.630
EFG International Fi 10.000 12/16/2022 CHF 38.260
DZ Bank AG Deutsche 13.000 6/24/2022 EUR 62.590
DZ Bank AG Deutsche 16.900 6/24/2022 EUR 56.420
Landesbank Baden-Wue 6.000 6/24/2022 EUR 65.940
Landesbank Baden-Wue 5.000 7/22/2022 EUR 74.700
Vontobel Financial P 3.500 07/03/2023 EUR 49.780
Vontobel Financial P 10.000 07/06/2022 EUR 71.910
DZ Bank AG Deutsche 17.400 6/24/2022 EUR 48.290
DZ Bank AG Deutsche 19.500 6/24/2022 EUR 45.920
DZ Bank AG Deutsche 21.700 6/24/2022 EUR 43.870
DZ Bank AG Deutsche 6.200 6/24/2022 EUR 67.870
Landesbank Baden-Wue 1.500 6/24/2022 EUR 72.310
Landesbank Baden-Wue 2.500 6/24/2022 EUR 72.030
DZ Bank AG Deutsche 15.800 6/24/2022 EUR 42.210
Landesbank Baden-Wue 5.500 6/24/2022 EUR 43.130
Credit Suisse AG/Lon 6.000 8/24/2022 CHF 71.830
UBS AG/London 12.500 12/16/2022 CHF 54.700
UBS AG/London 8.000 12/16/2022 CHF 66.100
DZ Bank AG Deutsche 11.600 6/24/2022 EUR 75.530
Landesbank Baden-Wue 8.750 7/22/2022 EUR 43.250
DZ Bank AG Deutsche 11.300 6/24/2022 EUR 66.390
Landesbank Baden-Wue 10.000 7/22/2022 EUR 73.970
Landesbank Baden-Wue 2.000 7/22/2022 EUR 56.960
Societe Generale Eff 10.250 7/22/2022 EUR 33.070
Landesbank Baden-Wue 4.500 7/22/2022 EUR 51.030
Vontobel Financial P 13.000 9/23/2022 EUR 80.190
Vontobel Financial P 17.000 9/23/2022 EUR 70.860
UniCredit Bank AG 10.400 08/11/2022 EUR 58.905
EFG International Fi 4.900 12/15/2023 USD 59.830
Leonteq Securities A 10.000 6/15/2022 CHF 65.220
SG Issuer SA 0.015 11/07/2033 EUR 75.060
SG Issuer SA 0.021 8/15/2033 EUR 61.050
Landesbank Baden-Wue 3.600 7/22/2022 EUR 73.320
Landesbank Baden-Wue 2.700 7/22/2022 EUR 48.510
Landesbank Baden-Wue 6.000 7/22/2022 EUR 38.520
Landesbank Baden-Wue 8.550 7/22/2022 EUR 35.420
Landesbank Baden-Wue 6.500 7/22/2022 EUR 63.680
Leonteq Securities A 12.000 6/15/2022 CHF 31.880
Landesbank Baden-Wue 5.500 7/22/2022 EUR 75.740
Landesbank Baden-Wue 2.500 7/22/2022 EUR 75.720
Landesbank Baden-Wue 3.300 7/22/2022 EUR 73.610
UBS AG/London 8.000 02/03/2023 CHF 62.850
UBS AG/London 10.250 08/03/2022 CHF 63.300
Vontobel Financial P 9.500 6/24/2022 EUR 68.640
Zurcher Kantonalbank 9.000 7/21/2022 CHF 74.720
DZ Bank AG Deutsche 5.800 6/20/2022 EUR 74.520
EFG International Fi 7.210 6/16/2022 USD 41.490
Vontobel Financial P 13.000 6/24/2022 EUR 75.750
Vontobel Financial P 7.500 6/24/2022 EUR 75.400
Vontobel Financial P 19.000 6/24/2022 EUR 60.780
Societe Generale Eff 3.000 7/22/2022 USD 10.810
Zurcher Kantonalbank 9.800 6/17/2022 USD 43.750
Vontobel Financial P 8.000 6/24/2022 EUR 62.980
Vontobel Financial P 20.000 6/24/2022 EUR 72.760
Vontobel Financial P 16.000 6/24/2022 EUR 72.150
Vontobel Financial P 12.500 6/24/2022 EUR 44.100
Vontobel Financial P 10.500 6/24/2022 EUR 46.120
Vontobel Financial P 17.000 6/24/2022 EUR 40.810
Vontobel Financial P 19.000 6/24/2022 EUR 68.830
Vontobel Financial P 16.000 6/24/2022 EUR 71.760
Vontobel Financial P 18.000 6/24/2022 EUR 64.950
Vontobel Financial P 18.500 6/24/2022 EUR 64.790
Vontobel Financial P 16.500 6/24/2022 EUR 63.060
Credit Suisse AG/Lon 13.000 6/16/2022 CHF 59.590
UBS AG/London 9.000 6/16/2022 CHF 30.700
VTB Bank PJSC 0.010 06/01/2024 RUB 63.000
Vontobel Financial P 11.500 6/24/2022 EUR 68.450
Vontobel Financial P 14.000 6/24/2022 EUR 65.610
Vontobel Financial P 6.500 6/24/2022 EUR 63.440
Vontobel Financial P 17.000 6/24/2022 EUR 77.070
Vontobel Financial P 7.000 6/24/2022 EUR 51.110
Vontobel Financial P 15.000 6/24/2022 EUR 42.390
UBS AG/London 10.250 6/16/2022 CHF 29.520
Vontobel Financial P 19.500 6/24/2022 EUR 39.470
Vontobel Financial P 15.000 6/24/2022 EUR 73.250
Vontobel Financial P 9.000 6/24/2022 EUR 74.280
Vontobel Financial P 9.000 6/24/2022 EUR 74.160
Vontobel Financial P 14.500 6/24/2022 EUR 71.990
Vontobel Financial P 7.500 6/24/2022 EUR 63.990
Vontobel Financial P 8.500 6/24/2022 EUR 48.410
Vontobel Financial P 19.000 6/24/2022 EUR 75.510
Vontobel Financial P 19.500 6/24/2022 EUR 68.000
DZ Bank AG Deutsche 20.000 6/24/2022 EUR 29.770
DZ Bank AG Deutsche 17.600 6/24/2022 EUR 34.920
DZ Bank AG Deutsche 11.900 6/24/2022 EUR 74.220
Landesbank Baden-Wue 6.500 7/22/2022 EUR 73.150
Vontobel Financial P 11.000 6/24/2022 EUR 62.330
DZ Bank AG Deutsche 13.800 6/24/2022 EUR 69.080
DZ Bank AG Deutsche 12.000 6/24/2022 EUR 46.050
DZ Bank AG Deutsche 13.900 6/24/2022 EUR 43.890
Landesbank Baden-Wue 5.150 6/24/2022 EUR 73.650
Vontobel Financial P 6.000 6/24/2022 EUR 62.660
Vontobel Financial P 11.500 6/24/2022 EUR 77.220
Credit Suisse AG/Lon 18.500 12/04/2023 USD 74.000
Vontobel Financial P 12.250 6/28/2022 EUR 74.870
Reso-Leasing OOO 8.000 5/19/2031 RUB 79.990
Leonteq Securities A 12.000 06/07/2022 CHF 61.880
Credit Suisse AG/Lon 10.500 09/05/2022 EUR 67.650
Zurcher Kantonalbank 6.500 6/14/2022 CHF 59.480
Leonteq Securities A 10.000 12/07/2022 USD 69.070
Leonteq Securities A 9.000 09/07/2022 CHF 61.570
Leonteq Securities A 9.400 12/07/2022 EUR 71.790
Leonteq Securities A 8.000 12/07/2022 CHF 37.550
Zurcher Kantonalbank 14.000 6/14/2022 CHF 65.080
Zurcher Kantonalbank 10.000 6/14/2022 CHF 68.050
Zurcher Kantonalbank 15.000 6/14/2022 CHF 65.420
Credit Suisse AG/Lon 11.500 06/01/2022 EUR 65.610
Bank Vontobel AG 17.500 06/02/2022 CHF 49.800
Raiffeisen Centroban 10.735 9/21/2022 EUR 70.310
Vontobel Financial P 9.500 6/24/2022 EUR 68.210
Vontobel Financial P 11.250 6/24/2022 EUR 69.010
Vontobel Financial P 5.500 6/24/2022 EUR 66.720
Vontobel Financial P 6.250 6/24/2022 EUR 73.770
Vontobel Financial P 10.000 6/24/2022 EUR 52.220
Vontobel Financial P 16.000 6/24/2022 EUR 23.370
DZ Bank AG Deutsche 7.000 6/20/2022 EUR 70.680
DZ Bank AG Deutsche 9.500 6/20/2022 EUR 66.370
DZ Bank AG Deutsche 5.000 9/19/2022 EUR 66.920
DZ Bank AG Deutsche 5.800 6/20/2022 EUR 76.270
DZ Bank AG Deutsche 4.800 6/20/2022 EUR 76.290
DZ Bank AG Deutsche 5.500 6/20/2022 EUR 74.770
DZ Bank AG Deutsche 4.900 9/19/2022 EUR 75.910
Credit Suisse AG/Lon 10.000 06/07/2022 CHF 31.020
Vontobel Financial P 9.000 06/08/2022 EUR 38.760
Bank Julius Baer & C 8.000 09/08/2022 CHF 64.900
Bank Julius Baer & C 7.250 06/09/2022 CHF 70.250
Zurcher Kantonalbank 20.000 6/15/2022 USD 47.120
Raiffeisen Centroban 9.202 9/21/2022 EUR 69.110
Vontobel Financial P 13.750 6/24/2022 EUR 23.350
DekaBank Deutsche Gi 4.000 07/07/2022 EUR 51.270
DekaBank Deutsche Gi 2.450 4/25/2022 EUR 72.960
DZ Bank AG Deutsche 12.000 6/22/2022 EUR 59.850
DZ Bank AG Deutsche 6.500 6/22/2022 EUR 69.180
DZ Bank AG Deutsche 6.750 6/22/2022 EUR 66.130
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 75.560
DZ Bank AG Deutsche 13.500 6/22/2022 EUR 71.230
DZ Bank AG Deutsche 8.250 6/22/2022 EUR 55.240
Leonteq Securities A 21.000 06/09/2022 CHF 34.160
Leonteq Securities A 22.870 06/09/2022 CHF 35.140
Credit Suisse AG/Lon 11.000 06/08/2022 USD 37.520
Credit Suisse AG/Lon 11.000 06/08/2022 CHF 60.480
Vontobel Financial P 18.650 06/09/2022 EUR 17.070
Goldman Sachs & Co W 19.000 5/25/2022 EUR 75.300
Goldman Sachs & Co W 25.000 5/25/2022 EUR 66.240
Goldman Sachs & Co W 18.000 7/20/2022 EUR 74.210
Bank Vontobel AG 6.504 12/05/2022 CHF 68.800
Bank Vontobel AG 6.504 12/05/2022 CHF 68.800
Bank Vontobel AG 9.000 12/05/2022 CHF 72.000
Bank Vontobel AG 9.004 12/05/2022 CHF 72.000
Bank Vontobel AG 7.508 12/05/2022 EUR 64.600
Bank Vontobel AG 7.504 12/05/2022 EUR 64.600
Bank Vontobel AG 10.000 12/05/2022 CHF 59.900
Bank Vontobel AG 7.756 06/06/2023 EUR 68.000
BNP Paribas Emission 4.000 6/23/2022 EUR 76.430
BNP Paribas Emission 5.000 6/23/2022 EUR 76.390
BNP Paribas Emission 5.000 6/23/2022 EUR 76.020
BNP Paribas Emission 5.000 6/23/2022 EUR 75.640
BNP Paribas Emission 6.000 6/23/2022 EUR 75.060
BNP Paribas Emission 6.000 6/23/2022 EUR 73.790
BNP Paribas Emission 3.000 6/23/2022 EUR 74.200
BNP Paribas Emission 3.000 6/23/2022 EUR 73.640
BNP Paribas Emission 3.000 6/23/2022 EUR 73.640
BNP Paribas Emission 3.000 6/23/2022 EUR 73.130
BNP Paribas Emission 5.000 9/22/2022 EUR 76.520
BNP Paribas Emission 6.000 9/22/2022 EUR 75.530
BNP Paribas Emission 6.000 9/22/2022 EUR 75.600
BNP Paribas Emission 3.000 9/22/2022 EUR 73.880
Landesbank Baden-Wue 5.000 6/24/2022 EUR 56.830
Vontobel Financial P 7.000 6/24/2022 EUR 63.240
Vontobel Financial P 10.000 6/24/2022 EUR 58.750
Vontobel Financial P 13.500 6/24/2022 EUR 55.080
Vontobel Financial P 7.500 6/24/2022 EUR 72.120
Vontobel Financial P 9.500 6/24/2022 EUR 69.200
Vontobel Financial P 11.500 6/24/2022 EUR 66.540
Vontobel Financial P 7.500 6/24/2022 EUR 71.110
Vontobel Financial P 13.500 6/24/2022 EUR 63.330
Vontobel Financial P 14.000 6/24/2022 EUR 64.210
Vontobel Financial P 6.000 6/24/2022 EUR 75.420
Vontobel Financial P 6.000 6/24/2022 EUR 73.450
Vontobel Financial P 9.000 6/24/2022 EUR 68.940
Vontobel Financial P 10.500 6/24/2022 EUR 66.930
Vontobel Financial P 12.000 6/24/2022 EUR 65.060
Vontobel Financial P 7.000 6/24/2022 EUR 62.070
Zurcher Kantonalbank 8.000 07/01/2022 CHF 62.600
Zurcher Kantonalbank 8.750 07/01/2022 CHF 72.660
Sberbank of Russia P 0.010 6/25/2026 RUB 68.000
Societe Generale Eff 6.750 7/22/2022 EUR 75.490
Societe Generale Eff 8.750 7/22/2022 EUR 72.100
Societe Generale Eff 12.000 7/22/2022 EUR 34.940
Societe Generale Eff 14.000 7/22/2022 EUR 33.240
Societe Generale Eff 8.500 7/22/2022 EUR 61.990
Societe Generale Eff 10.000 7/22/2022 EUR 69.930
Societe Generale Eff 11.000 7/22/2022 EUR 68.410
Vontobel Financial P 8.250 6/24/2022 EUR 75.200
Vontobel Financial P 5.750 6/24/2022 EUR 68.760
Vontobel Financial P 15.000 6/24/2022 EUR 72.000
Vontobel Financial P 15.000 6/24/2022 EUR 64.740
Vontobel Financial P 11.750 6/24/2022 EUR 72.400
Societe Generale Eff 9.000 7/22/2022 EUR 73.480
Societe Generale Eff 11.000 7/22/2022 EUR 69.390
Bank Julius Baer & C 11.000 6/27/2022 CHF 28.000
Vontobel Financial P 14.000 6/24/2022 EUR 39.970
Vontobel Financial P 18.500 6/24/2022 EUR 37.670
Vontobel Financial P 7.000 6/24/2022 EUR 46.770
Vontobel Financial P 20.000 6/24/2022 EUR 65.060
Leonteq Securities A 16.000 6/28/2022 CHF 30.750
Corner Banca SA 17.000 6/28/2022 EUR 73.120
Leonteq Securities A 14.000 12/28/2022 CHF 43.520
Leonteq Securities A 12.000 6/28/2022 CHF 17.900
Leonteq Securities A 13.000 6/28/2022 EUR 70.910
Leonteq Securities A 22.560 6/24/2022 CHF 22.160
Leonteq Securities A 26.030 6/24/2022 CHF 27.280
Raiffeisen Schweiz G 13.000 6/29/2022 CHF 44.380
Raiffeisen Schweiz G 11.000 6/29/2022 CHF 55.810
EFG International Fi 11.780 07/11/2022 USD 59.050
DZ Bank AG Deutsche 9.000 9/21/2022 EUR 61.520
DZ Bank AG Deutsche 11.000 9/21/2022 EUR 62.330
DZ Bank AG Deutsche 6.500 9/21/2022 EUR 65.610
DZ Bank AG Deutsche 6.000 6/22/2022 EUR 64.370
DZ Bank AG Deutsche 5.500 9/21/2022 EUR 74.450
DZ Bank AG Deutsche 5.750 9/21/2022 EUR 74.790
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 67.080
DZ Bank AG Deutsche 6.000 9/21/2022 EUR 62.660
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 73.590
DZ Bank AG Deutsche 6.000 6/22/2022 EUR 69.610
DZ Bank AG Deutsche 5.000 9/21/2022 EUR 70.460
Vontobel Financial P 4.150 7/18/2023 EUR 64.340
Vontobel Financial P 9.400 12/30/2022 CHF 31.890
Erste Group Bank AG 10.750 08/02/2022 EUR 54.100
Erste Group Bank AG 5.500 08/02/2025 EUR 62.500
Leonteq Securities A 20.000 6/29/2022 CHF 31.520
Zurcher Kantonalbank 8.000 07/07/2022 EUR 73.380
Leonteq Securities A 7.030 6/28/2023 CHF 71.730
UniCredit Bank AG 10.100 7/27/2022 EUR 46.190
UniCredit Bank AG 6.300 7/27/2022 EUR 42.000
UniCredit Bank AG 9.800 7/27/2022 EUR 75.620
UniCredit Bank AG 9.250 7/27/2022 EUR 65.750
Zurcher Kantonalbank 8.250 07/07/2022 CHF 76.890
Zurcher Kantonalbank 10.000 07/07/2022 CHF 72.920
Zurcher Kantonalbank 15.750 07/08/2022 USD 48.810
Bank Vontobel AG 6.500 6/26/2023 CHF 59.400
Bank Vontobel AG 6.502 6/26/2023 CHF 59.300
Bank Vontobel AG 7.000 12/27/2022 CHF 58.200
Bank Vontobel AG 5.750 6/26/2023 CHF 69.900
Zurcher Kantonalbank 10.400 07/08/2022 CHF 59.010
Landesbank Baden-Wue 4.150 6/23/2023 EUR 49.540
Landesbank Baden-Wue 2.800 6/23/2023 EUR 51.970
Landesbank Baden-Wue 6.650 6/23/2023 EUR 74.430
Landesbank Baden-Wue 3.800 6/23/2023 EUR 49.960
Landesbank Baden-Wue 2.600 6/23/2023 EUR 53.020
Landesbank Baden-Wue 4.500 6/23/2023 EUR 68.880
Landesbank Baden-Wue 3.350 6/23/2023 EUR 71.060
Landesbank Baden-Wue 2.250 6/23/2023 EUR 74.640
Landesbank Baden-Wue 7.300 6/23/2023 EUR 72.270
Landesbank Baden-Wue 5.350 6/23/2023 EUR 66.260
Landesbank Baden-Wue 4.650 6/23/2023 EUR 67.830
Landesbank Baden-Wue 3.400 6/23/2023 EUR 71.440
Landesbank Baden-Wue 3.500 6/23/2023 EUR 70.080
Landesbank Baden-Wue 2.500 6/23/2023 EUR 76.520
Landesbank Baden-Wue 5.000 6/23/2023 EUR 47.620
Landesbank Baden-Wue 7.250 6/23/2023 EUR 45.410
Landesbank Baden-Wue 5.600 6/23/2023 EUR 47.140
Landesbank Baden-Wue 2.700 6/23/2023 EUR 53.320
Landesbank Baden-Wue 2.650 6/23/2023 EUR 72.680
Landesbank Baden-Wue 1.800 6/23/2023 EUR 75.460
Basler Kantonalbank 10.000 9/30/2022 CHF 76.070
Raiffeisen Switzerla 10.500 07/11/2024 USD 14.570
Vontobel Financial P 15.000 6/24/2022 EUR 67.480
Vontobel Financial P 12.000 6/24/2022 EUR 70.610
Zurcher Kantonalbank 17.000 6/24/2022 CHF 73.400
Goldman Sachs & Co W 8.000 5/25/2022 EUR 71.460
Goldman Sachs & Co W 10.000 7/20/2022 EUR 73.080
Goldman Sachs & Co W 8.000 6/21/2023 EUR 78.060
Bank Julius Baer & C 9.650 7/29/2022 USD 57.500
Sberbank of Russia P 0.010 06/04/2026 RUB 62.800
Bank Julius Baer & C 8.800 09/05/2022 EUR 62.200
Sberbank of Russia P 0.010 06/02/2028 RUB 69.300
Erste Group Bank AG 7.250 6/30/2026 EUR 77.300
UniCredit Bank AG 5.250 07/01/2024 EUR 72.550
UBS AG/London 7.750 5/31/2023 CHF 73.100
UBS AG/London 8.500 11/30/2022 CHF 55.300
UBS AG/London 12.000 11/30/2022 EUR 33.750
UniCredit Bank AG 7.750 5/27/2022 EUR 68.680
Vontobel Financial P 9.000 6/24/2022 EUR 71.650
Vontobel Financial P 17.000 6/24/2022 EUR 70.950
Vontobel Financial P 13.500 6/24/2022 EUR 69.190
Zurcher Kantonalbank 11.200 6/30/2022 CHF 63.280
Zurcher Kantonalbank 6.400 11/07/2022 USD 37.190
Zurcher Kantonalbank 11.000 6/24/2022 CHF 64.870
Zurcher Kantonalbank 20.250 6/24/2022 CHF 57.560
Zurcher Kantonalbank 8.000 05/05/2022 CHF 69.330
Zurcher Kantonalbank 21.500 6/24/2022 USD 47.930
Zurcher Kantonalbank 14.000 6/24/2022 CHF 29.460
Societe Generale Eff 16.500 6/24/2022 EUR 71.960
Societe Generale Eff 10.250 6/24/2022 EUR 51.550
Societe Generale Eff 7.750 7/22/2022 EUR 73.680
Societe Generale Eff 4.500 7/22/2022 EUR 72.160
Societe Generale Eff 6.500 7/22/2022 EUR 66.150
Societe Generale Eff 10.500 7/22/2022 EUR 58.870
Societe Generale Eff 7.000 7/22/2022 EUR 75.440
Societe Generale Eff 8.000 7/22/2022 EUR 73.400
Societe Generale Eff 9.000 7/22/2022 EUR 71.580
Vontobel Financial P 12.250 6/24/2022 EUR 61.560
Vontobel Financial P 16.750 6/24/2022 EUR 71.320
Societe Generale Eff 8.000 7/22/2022 EUR 77.310
Societe Generale Eff 10.000 7/22/2022 EUR 73.530
Societe Generale Eff 4.000 7/22/2022 EUR 51.720
Societe Generale Eff 6.000 7/22/2022 EUR 44.600
Societe Generale Eff 8.000 7/22/2022 EUR 40.100
Societe Generale Eff 10.000 7/22/2022 EUR 37.080
Vontobel Financial P 9.500 6/24/2022 EUR 40.670
Vontobel Financial P 12.000 6/24/2022 EUR 67.340
Societe Generale Eff 13.000 7/22/2022 EUR 66.140
Societe Generale Eff 6.250 7/22/2022 EUR 73.510
Societe Generale Eff 7.250 7/22/2022 EUR 71.200
Societe Generale Eff 8.250 7/22/2022 EUR 69.130
Bank Julius Baer & C 9.000 6/27/2022 CHF 58.400
Vontobel Financial P 10.500 6/24/2022 EUR 43.010
Societe Generale Eff 3.000 6/24/2022 EUR 59.050
Leonteq Securities A 8.000 6/28/2023 CHF 68.810
Leonteq Securities A 18.000 9/28/2022 CHF 58.810
Corner Banca SA 14.000 9/28/2022 CHF 60.480
Leonteq Securities A 17.000 6/28/2022 CHF 30.690
Leonteq Securities A 14.000 6/24/2022 CHF 71.080
Leonteq Securities A 6.400 6/28/2023 CHF 60.430
Leonteq Securities A 17.000 6/28/2022 USD 51.810
Raiffeisen Schweiz G 12.000 6/29/2022 CHF 66.410
Raiffeisen Schweiz G 10.000 6/29/2022 CHF 58.330
Raiffeisen Schweiz G 20.000 6/29/2022 CHF 29.360
DZ Bank AG Deutsche 10.750 9/21/2022 EUR 72.560
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 63.430
DZ Bank AG Deutsche 8.500 9/21/2022 EUR 63.320
DZ Bank AG Deutsche 4.750 9/21/2022 EUR 74.690
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 60.610
DZ Bank AG Deutsche 5.750 6/22/2022 EUR 65.100
Landesbank Baden-Wue 3.400 11/25/2022 EUR 60.720
SG Issuer SA 5.000 04/02/2024 EUR 54.570
Landesbank Baden-Wue 3.400 1/27/2023 EUR 65.410
SG Issuer SA 5.000 5/23/2024 EUR 57.780
UniCredit Bank AG 5.150 01/02/2023 EUR 62.600
Citigroup Global Mar 13.200 12/18/2023 SEK 67.320
Vontobel Financial P 14.500 6/24/2022 EUR 61.250
Vontobel Financial P 10.000 6/24/2022 EUR 67.780
Vontobel Financial P 21.000 6/24/2022 EUR 53.910
Vontobel Financial P 19.000 6/24/2022 EUR 56.110
Vontobel Financial P 15.000 6/24/2022 EUR 69.610
Vontobel Financial P 16.500 6/24/2022 EUR 69.850
Vontobel Financial P 5.550 5/18/2022 EUR 49.530
Raiffeisen Schweiz G 12.000 8/17/2022 CHF 63.490
Raiffeisen Schweiz G 6.500 11/17/2023 CHF 75.720
Vontobel Financial P 15.500 6/24/2022 EUR 67.530
Bank Julius Baer & C 11.200 5/18/2022 CHF 34.350
Bank Julius Baer & C 7.300 5/18/2022 CHF 66.150
Zurcher Kantonalbank 27.000 5/27/2022 USD 66.060
Bank Vontobel AG 6.505 2/20/2023 EUR 67.800
Bank Vontobel AG 10.508 8/19/2022 CHF 36.900
Bank Vontobel AG 10.507 8/19/2022 CHF 36.900
Leonteq Securities A 15.000 8/19/2022 CHF 69.630
Corner Banca SA 19.000 5/23/2022 USD 27.090
Leonteq Securities A 19.000 5/23/2022 USD 61.300
Leonteq Securities A 5.700 8/19/2022 USD 51.590
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 68.540
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 72.420
Bank Julius Baer & C 8.800 5/23/2022 CHF 54.550
DZ Bank AG Deutsche 11.000 6/22/2022 EUR 70.170
Raiffeisen Switzerla 7.700 8/19/2022 CHF 63.970
Bank Vontobel AG 20.004 08/10/2022 CHF 39.100
EFG International Fi 13.000 8/24/2022 CHF 46.030
EFG International Fi 8.200 03/01/2023 USD 45.050
Bank Vontobel AG 7.508 05/12/2022 CHF 62.700
Bank Vontobel AG 6.507 8/17/2022 CHF 69.200
Bank Vontobel AG 6.505 2/27/2023 CHF 59.000
Leonteq Securities A 10.000 06/01/2022 CHF 44.100
Leonteq Securities A 8.000 03/01/2023 CHF 62.200
Leonteq Securities A 11.000 8/26/2022 CHF 37.190
DZ Bank AG Deutsche 16.400 6/24/2022 EUR 59.870
DZ Bank AG Deutsche 9.500 7/22/2022 EUR 67.210
DZ Bank AG Deutsche 10.000 7/22/2022 EUR 68.830
DZ Bank AG Deutsche 10.800 7/22/2022 EUR 71.290
EFG International Fi 6.600 4/29/2022 CHF 72.530
Raiffeisen Switzerla 8.200 11/03/2022 CHF 44.860
Raiffeisen Switzerla 7.000 05/03/2023 CHF 70.260
Vontobel Financial P 11.500 9/23/2022 EUR 71.620
Vontobel Financial P 8.000 9/23/2022 EUR 75.200
Vontobel Financial P 11.500 9/23/2022 EUR 69.550
Vontobel Financial P 14.000 9/23/2022 EUR 67.500
Vontobel Financial P 9.000 6/24/2022 EUR 73.590
Vontobel Financial P 12.000 6/24/2022 EUR 72.570
Vontobel Financial P 14.000 6/24/2022 EUR 69.270
Vontobel Financial P 14.500 9/23/2022 EUR 74.950
Societe Generale SA 15.000 8/30/2024 USD 33.200
Vontobel Financial P 11.000 6/24/2022 EUR 75.100
Vontobel Financial P 16.000 6/24/2022 EUR 68.550
Vontobel Financial P 18.500 6/24/2022 EUR 65.700
Vontobel Financial P 7.000 6/24/2022 EUR 47.620
Bank Vontobel AG 11.006 10/31/2022 CHF 70.800
Bank Vontobel AG 16.500 08/05/2022 CHF 48.700
UBS AG/London 13.000 05/06/2024 USD 39.420
EFG International Fi 6.080 05/05/2022 USD 38.840
Raiffeisen Switzerla 7.000 8/19/2022 CHF 59.290
UBS AG/London 6.500 8/24/2022 CHF 21.960
EFG International Fi 15.000 8/24/2022 CHF 61.500
Leonteq Securities A 9.000 8/26/2022 CHF 59.640
Leonteq Securities A 14.000 8/26/2022 USD 31.810
Leonteq Securities A 12.000 06/01/2022 CHF 26.920
Leonteq Securities A 10.000 5/19/2022 CHF 35.790
DZ Bank AG Deutsche 8.000 6/20/2022 EUR 69.490
Raiffeisen Centroban 10.000 3/24/2023 EUR 41.030
Leonteq Securities A 14.000 5/19/2022 CHF 32.800
EFG International Fi 4.500 2/26/2024 USD 53.180
Bank Vontobel AG 7.500 7/18/2022 CHF 67.600
Leonteq Securities A 10.000 1/19/2023 USD 23.740
Leonteq Securities A 11.000 1/19/2023 CHF 60.730
Leonteq Securities A 12.000 6/28/2022 CHF 64.030
Vontobel Financial P 7.000 9/23/2022 EUR 51.220
Vontobel Financial P 15.500 6/24/2022 EUR 41.930
Vontobel Financial P 4.500 9/23/2022 EUR 63.360
Vontobel Financial P 7.500 9/23/2022 EUR 57.560
Vontobel Financial P 13.500 9/23/2022 EUR 51.920
Vontobel Financial P 8.500 6/24/2022 EUR 55.630
Vontobel Financial P 9.500 6/24/2022 EUR 43.070
Vontobel Financial P 11.000 6/24/2022 EUR 41.770
Vontobel Financial P 13.500 9/23/2022 EUR 41.760
Vontobel Financial P 14.500 6/24/2022 EUR 39.570
Vontobel Financial P 12.500 6/24/2022 EUR 40.580
EFG International Fi 7.000 12/29/2022 USD 6.350
Credit Suisse AG/Lon 16.300 12/26/2023 USD 46.920
EFG International Fi 8.160 2/26/2025 EUR 75.240
Vontobel Financial P 18.500 6/24/2022 EUR 65.390
Vontobel Financial P 18.500 6/24/2022 EUR 73.930
Vontobel Financial P 14.500 6/24/2022 EUR 65.250
Vontobel Financial P 14.500 6/24/2022 EUR 61.700
Vontobel Financial P 16.000 6/24/2022 EUR 53.310
Vontobel Financial P 20.500 6/24/2022 EUR 59.460
Vontobel Financial P 11.000 6/24/2022 EUR 70.040
Vontobel Financial P 18.000 6/24/2022 EUR 55.950
EFG International Fi 6.100 4/29/2022 CHF 72.030
Zurcher Kantonalbank 8.500 08/11/2022 CHF 67.780
Raiffeisen Switzerla 6.500 11/03/2022 CHF 65.690
Raiffeisen Schweiz G 12.000 05/03/2022 USD 42.350
Landesbank Baden-Wue 3.000 8/26/2022 EUR 76.110
Landesbank Baden-Wue 5.000 8/26/2022 EUR 71.270
Societe Generale SA 16.000 8/30/2024 USD 28.200
Vontobel Financial P 15.500 6/24/2022 EUR 74.050
Vontobel Financial P 7.000 6/24/2022 EUR 77.480
Vontobel Financial P 15.500 6/24/2022 EUR 65.850
Vontobel Financial P 12.500 6/24/2022 EUR 68.610
Vontobel Financial P 16.000 9/23/2022 EUR 65.520
Vontobel Financial P 11.500 9/23/2022 EUR 73.270
Vontobel Financial P 14.000 6/24/2022 EUR 70.940
Vontobel Financial P 13.500 9/23/2022 EUR 69.870
Vontobel Financial P 8.500 6/24/2022 EUR 78.740
Vontobel Financial P 13.000 9/23/2022 EUR 43.330
Vontobel Financial P 13.500 6/24/2022 EUR 71.700
Vontobel Financial P 12.000 6/24/2022 EUR 42.720
Vontobel Financial P 9.500 9/23/2022 EUR 45.860
Vontobel Financial P 8.500 6/24/2022 EUR 45.790
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 73.090
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 70.320
BrokerCreditService 14.000 09/09/2022 USD 45.000
Bank Vontobel AG 9.006 10/31/2022 CHF 35.100
Bank Vontobel AG 11.501 05/02/2022 EUR 68.700
Zurcher Kantonalbank 6.100 2/13/2023 EUR 72.110
Societe Generale SA 10.000 8/30/2024 USD 47.850
Sberbank of Russia P 0.010 08/06/2026 RUB 70.900
Bank Julius Baer & C 8.400 08/08/2022 EUR 70.750
Bank Julius Baer & C 15.000 08/04/2022 CHF 33.150
Vontobel Financial P 18.000 6/24/2022 EUR 60.970
Vontobel Financial P 7.500 6/24/2022 EUR 71.660
Vontobel Financial P 8.000 6/24/2022 EUR 69.350
Vontobel Financial P 16.500 6/24/2022 EUR 54.340
Leonteq Securities A 28.120 08/04/2022 CHF 36.030
Leonteq Securities A 3.280 08/03/2022 EUR 75.850
DZ Bank AG Deutsche 13.700 9/23/2022 EUR 62.970
DZ Bank AG Deutsche 12.900 9/23/2022 EUR 72.250
Zurcher Kantonalbank 7.000 08/11/2022 CHF 70.700
Sberbank of Russia P 0.010 08/05/2026 RUB 68.300
Vontobel Financial P 5.500 09/09/2022 EUR 75.630
DekaBank Deutsche Gi 1.000 1/20/2025 EUR 44.660
Sberbank of Russia P 0.010 12/17/2025 RUB 63.100
UBS AG/London 7.500 6/23/2022 CHF 61.050
UBS AG/London 13.000 6/23/2022 CHF 35.150
UBS AG/London 8.750 6/23/2022 CHF 34.550
Bank Vontobel AG 10.500 1/16/2023 CHF 53.600
Bank Vontobel AG 10.000 1/16/2023 EUR 75.100
Bank Vontobel AG 10.000 7/18/2022 EUR 69.600
DekaBank Deutsche Gi 2.500 02/02/2024 EUR 54.930
Leonteq Securities A 10.000 7/19/2022 CHF 18.700
Vontobel Financial P 6.000 6/24/2022 EUR 51.960
Vontobel Financial P 6.000 9/23/2022 EUR 60.250
Vontobel Financial P 9.500 9/23/2022 EUR 55.390
Vontobel Financial P 13.500 6/24/2022 EUR 50.750
Vontobel Financial P 8.000 6/24/2022 EUR 44.480
Vontobel Financial P 12.000 9/23/2022 EUR 42.400
Vontobel Financial P 16.000 6/24/2022 EUR 38.570
EFG International Fi 4.900 12/28/2023 USD 58.900
Leonteq Securities A 16.000 6/21/2022 USD 32.270
Leonteq Securities A 12.000 7/15/2022 CHF 55.540
Leonteq Securities A 24.610 7/15/2022 CHF 46.990
Leonteq Securities A 20.000 7/13/2022 CHF 35.080
Leonteq Securities A 9.000 7/15/2022 CHF 67.340
Vontobel Financial P 14.500 6/24/2022 EUR 62.940
Vontobel Financial P 12.000 6/24/2022 EUR 70.740
EFG International Fi 18.000 7/14/2022 CHF 71.750
Societe Generale Eff 14.000 6/24/2022 EUR 67.030
Raiffeisen Schweiz G 13.200 08/02/2022 USD 29.510
Zurcher Kantonalbank 29.250 08/09/2022 CHF 50.970
Credit Suisse AG/Lon 8.000 08/03/2022 CHF 33.900
Vontobel Financial P 19.000 6/24/2022 EUR 61.130
Bank Julius Baer & C 8.250 05/04/2022 CHF 61.000
DZ Bank AG Deutsche 11.100 7/22/2022 EUR 74.920
DZ Bank AG Deutsche 12.300 7/22/2022 EUR 63.800
DZ Bank AG Deutsche 15.600 6/24/2022 EUR 69.390
DZ Bank AG Deutsche 11.800 7/22/2022 EUR 73.260
Credit Suisse AG/Lon 7.250 9/19/2022 CHF 79.540
Credit Suisse AG/Lon 11.000 6/20/2022 USD 37.760
Raiffeisen Schweiz G 12.500 08/02/2022 CHF 40.000
Zurcher Kantonalbank 19.000 08/10/2022 CHF 60.220
DZ Bank AG Deutsche 7.250 8/24/2022 EUR 65.730
Vontobel Financial P 11.000 6/24/2022 EUR 64.120
Vontobel Financial P 12.000 6/24/2022 EUR 66.440
Vontobel Financial P 15.000 6/24/2022 EUR 58.250
Vontobel Financial P 17.000 6/24/2022 EUR 60.810
Bank Julius Baer & C 7.650 05/04/2022 CHF 73.000
Corner Banca SA 14.000 11/02/2022 CHF 31.880
Zurcher Kantonalbank 14.000 05/11/2022 CHF 71.370
Leonteq Securities A 10.000 1/30/2023 USD 38.590
Leonteq Securities A 20.000 08/03/2022 CHF 34.840
DZ Bank AG Deutsche 6.250 8/24/2022 EUR 70.760
DZ Bank AG Deutsche 8.000 8/24/2022 EUR 70.090
DZ Bank AG Deutsche 6.750 9/21/2022 EUR 78.240
Raiffeisen Schweiz G 10.000 08/02/2022 CHF 45.000
Raiffeisen Schweiz G 13.000 08/02/2022 CHF 62.520
Zurcher Kantonalbank 12.750 05/11/2022 CHF 62.370
Vontobel Financial P 15.750 08/03/2022 EUR 28.200
Vontobel Financial P 19.000 6/24/2022 EUR 53.590
Leonteq Securities A 11.000 7/29/2022 CHF 65.490
Vontobel Financial P 12.500 6/24/2022 EUR 71.380
Vontobel Financial P 14.750 6/24/2022 EUR 27.120
Vontobel Financial P 17.750 6/24/2022 EUR 30.350
Vontobel Financial P 11.750 6/24/2022 EUR 36.900
Corner Banca SA 12.500 10/31/2022 CHF 76.420
UniCredit Bank AG 4.250 07/01/2022 USD 73.820
Societe Generale Eff 8.750 6/24/2022 EUR 31.980
Zurcher Kantonalbank 12.500 08/09/2022 EUR 54.940
Bank Vontobel AG 7.550 1/30/2023 CHF 68.300
DZ Bank AG Deutsche 5.000 8/24/2022 EUR 77.530
DZ Bank AG Deutsche 5.750 9/21/2022 EUR 68.570
DZ Bank AG Deutsche 5.250 6/22/2022 EUR 57.010
Societe Generale Eff 3.000 6/24/2022 EUR 47.220
Bank Julius Baer & C 9.500 11/03/2022 CHF 67.150
Zurcher Kantonalbank 20.000 08/10/2022 USD 50.060
Zurcher Kantonalbank 30.000 08/09/2022 USD 36.720
DZ Bank AG Deutsche 6.750 12/21/2022 EUR 75.440
Leonteq Securities A 6.200 5/20/2022 EUR 52.940
Societe Generale Eff 5.750 5/27/2022 EUR 49.870
Societe Generale Eff 15.750 5/27/2022 EUR 32.800
Vontobel Financial P 12.250 6/24/2022 EUR 64.290
Vontobel Financial P 10.500 6/24/2022 EUR 51.190
Landesbank Baden-Wue 3.500 12/22/2023 EUR 73.310
DZ Bank AG Deutsche 5.000 6/20/2022 EUR 75.380
DZ Bank AG Deutsche 6.500 6/20/2022 EUR 72.620
VTB Bank PJSC 0.010 7/29/2026 RUB 58.000
Raiffeisen Schweiz G 13.000 10/18/2022 CHF 34.660
Leonteq Securities A 24.240 10/19/2022 CHF 40.050
UniCredit Bank AG 6.800 11/16/2022 EUR 34.710
UniCredit Bank AG 5.050 11/16/2022 EUR 51.390
Societe Generale Eff 18.000 5/27/2022 EUR 75.410
Vontobel Financial P 15.000 12/23/2022 EUR 74.460
Vontobel Financial P 16.500 12/23/2022 EUR 71.750
Vontobel Financial P 14.000 12/23/2022 EUR 73.810
Vontobel Financial P 14.500 12/23/2022 EUR 75.090
Vontobel Financial P 11.000 12/23/2022 EUR 72.090
Vontobel Financial P 4.500 12/23/2022 EUR 75.240
Vontobel Financial P 8.500 12/23/2022 EUR 70.920
Sberbank of Russia P 0.010 06/03/2026 RUB 68.800
DZ Bank AG Deutsche 15.400 6/24/2022 EUR 71.170
EFG International Fi 24.000 06/07/2022 USD 25.850
Raiffeisen Schweiz G 8.000 11/28/2022 CHF 70.090
Zurcher Kantonalbank 10.500 06/10/2022 CHF 70.930
Zurcher Kantonalbank 19.000 06/10/2022 USD 53.660
Zurcher Kantonalbank 22.750 06/10/2022 USD 38.260
Zurcher Kantonalbank 21.750 06/10/2022 CHF 48.780
Zurcher Kantonalbank 13.000 06/10/2022 CHF 44.440
Raiffeisen Schweiz G 12.000 06/01/2022 CHF 44.960
Raiffeisen Schweiz G 14.000 06/01/2022 CHF 68.110
Vontobel Financial P 26.350 06/06/2022 EUR 31.710
Vontobel Financial P 20.000 6/24/2022 EUR 32.670
Vontobel Financial P 16.500 6/24/2022 EUR 18.960
Vontobel Financial P 14.500 6/24/2022 EUR 72.230
Societe Generale SA 18.000 07/03/2024 USD 40.000
UniCredit Bank AG 13.300 07/07/2022 EUR 71.530
Sberbank of Russia P 0.010 7/24/2025 RUB 77.000
DekaBank Deutsche Gi 2.800 09/01/2023 EUR 66.540
Landesbank Baden-Wue 3.100 8/26/2022 EUR 73.860
Goldman Sachs & Co W 25.000 5/25/2022 EUR 74.690
Goldman Sachs & Co W 10.000 5/25/2022 EUR 71.740
Goldman Sachs & Co W 23.000 5/25/2022 EUR 52.900
Goldman Sachs & Co W 9.000 6/22/2022 EUR 72.330
Goldman Sachs & Co W 18.000 6/22/2022 EUR 58.840
Goldman Sachs & Co W 14.000 9/21/2022 EUR 63.990
Goldman Sachs & Co W 10.000 12/21/2022 EUR 71.110
Goldman Sachs & Co W 15.000 12/21/2022 EUR 62.990
Goldman Sachs & Co W 16.000 12/21/2022 EUR 61.810
Goldman Sachs & Co W 6.000 3/22/2023 EUR 75.690
Goldman Sachs & Co W 8.000 3/22/2023 EUR 74.500
Goldman Sachs & Co W 15.000 3/22/2023 EUR 65.140
Bank Julius Baer & C 6.600 7/13/2022 CHF 64.500
Sberbank of Russia P 0.010 08/07/2025 RUB 66.700
VTB Bank PJSC 0.010 7/25/2023 RUB 67.000
Sberbank of Russia P 1.219 7/23/2025 RUB 71.200
Basler Kantonalbank 7.600 4/13/2023 CHF 66.360
Bank Vontobel AG 8.001 10/07/2022 CHF 38.900
Bank Vontobel AG 6.008 04/11/2023 EUR 66.200
Bank Vontobel AG 10.010 10/07/2022 EUR 71.600
Raiffeisen Schweiz G 6.500 07/12/2022 CHF 64.350
Vontobel Financial P 8.500 6/24/2022 EUR 72.540
Vontobel Financial P 10.000 6/24/2022 EUR 70.290
Vontobel Financial P 14.500 6/24/2022 EUR 63.490
Vontobel Financial P 10.500 6/24/2022 EUR 69.180
Vontobel Financial P 9.000 6/24/2022 EUR 69.480
Vontobel Financial P 12.000 6/24/2022 EUR 64.050
Vontobel Financial P 8.000 6/24/2022 EUR 72.680
Vontobel Financial P 2.000 6/24/2022 EUR 71.480
Vontobel Financial P 11.500 6/24/2022 EUR 56.820
Vontobel Financial P 7.000 6/24/2022 EUR 61.600
Vontobel Financial P 7.500 6/24/2022 EUR 73.850
Vontobel Financial P 15.000 6/24/2022 EUR 60.670
Vontobel Financial P 11.000 6/24/2022 EUR 66.460
Vontobel Financial P 14.000 6/24/2022 EUR 61.690
Vontobel Financial P 19.000 6/24/2022 EUR 56.030
Vontobel Financial P 8.500 6/24/2022 EUR 70.620
Vontobel Financial P 13.500 6/24/2022 EUR 62.850
Vontobel Financial P 19.500 6/24/2022 EUR 55.160
Vontobel Financial P 17.500 6/24/2022 EUR 57.780
Vontobel Financial P 6.500 6/24/2022 EUR 76.110
Vontobel Financial P 3.500 6/24/2022 EUR 67.760
Vontobel Financial P 15.000 6/24/2022 EUR 73.680
Vontobel Financial P 6.500 6/24/2022 EUR 75.500
Basler Kantonalbank 9.400 05/05/2022 CHF 67.930
Vontobel Financial P 5.500 6/24/2022 EUR 58.090
Vontobel Financial P 10.000 6/24/2022 EUR 69.460
UBS AG/London 7.250 10/21/2022 EUR 75.900
UBS AG/London 13.250 10/21/2022 CHF 57.300
UBS AG/London 13.250 10/21/2022 CHF 61.300
Vontobel Financial P 11.500 6/24/2022 EUR 46.280
Vontobel Financial P 17.500 6/24/2022 EUR 64.010
Vontobel Financial P 15.500 6/24/2022 EUR 71.950
Leonteq Securities A 21.530 5/17/2022 CHF 24.390
UniCredit Bank AG 6.500 9/15/2022 EUR 32.170
UniCredit Bank AG 8.500 6/16/2022 EUR 46.590
Bank Julius Baer & C 9.300 7/22/2022 USD 53.900
Vontobel Financial P 6.000 6/24/2022 EUR 34.480
Vontobel Financial P 11.000 6/24/2022 EUR 30.120
Vontobel Financial P 13.000 6/24/2022 EUR 28.410
Vontobel Financial P 15.500 6/24/2022 EUR 64.410
Vontobel Financial P 8.500 6/24/2022 EUR 32.090
Raiffeisen Switzerla 12.000 7/19/2022 EUR 64.970
Vontobel Financial P 8.000 6/24/2022 EUR 40.720
Vontobel Financial P 13.000 6/24/2022 EUR 35.450
Vontobel Financial P 16.000 6/24/2022 EUR 33.540
Vontobel Financial P 5.500 6/24/2022 EUR 44.250
Vontobel Financial P 15.500 6/24/2022 EUR 53.760
Vontobel Financial P 13.500 6/24/2022 EUR 56.470
Vontobel Financial P 7.000 6/24/2022 EUR 45.220
Vontobel Financial P 9.000 6/24/2022 EUR 42.210
Vontobel Financial P 6.000 6/24/2022 EUR 46.930
Vontobel Financial P 11.500 6/24/2022 EUR 39.740
Vontobel Financial P 10.500 6/24/2022 EUR 40.960
Vontobel Financial P 8.000 6/24/2022 EUR 43.600
Vontobel Financial P 13.000 6/24/2022 EUR 38.700
Vontobel Financial P 16.500 6/24/2022 EUR 35.870
Vontobel Financial P 15.500 6/24/2022 EUR 36.770
Vontobel Financial P 14.000 6/24/2022 EUR 37.660
Vontobel Financial P 10.500 6/24/2022 EUR 37.830
Vontobel Financial P 9.000 6/24/2022 EUR 62.910
Vontobel Financial P 11.000 6/24/2022 EUR 59.420
Vontobel Financial P 8.000 6/24/2022 EUR 63.340
Vontobel Financial P 17.000 6/24/2022 EUR 52.360
Vontobel Financial P 11.500 6/24/2022 EUR 70.990
Vontobel Financial P 10.500 6/24/2022 EUR 58.960
Vontobel Financial P 5.500 6/24/2022 EUR 68.560
Vontobel Financial P 14.000 6/24/2022 EUR 55.430
Vontobel Financial P 6.000 6/24/2022 EUR 58.240
Landesbank Baden-Wue 2.750 9/23/2022 EUR 58.970
UniCredit Bank AG 3.000 11/12/2022 EUR 61.090
DZ Bank AG Deutsche 16.000 9/23/2022 EUR 62.810
DZ Bank AG Deutsche 8.100 12/23/2022 EUR 70.440
DZ Bank AG Deutsche 13.600 12/23/2022 EUR 64.850
DZ Bank AG Deutsche 12.100 12/23/2022 EUR 73.470
DZ Bank AG Deutsche 12.500 9/23/2022 EUR 73.330
DZ Bank AG Deutsche 10.400 12/23/2022 EUR 74.630
DZ Bank AG Deutsche 7.700 12/23/2022 EUR 72.340
DZ Bank AG Deutsche 12.200 12/23/2022 EUR 68.280
DZ Bank AG Deutsche 16.800 12/23/2022 EUR 64.150
Societe Generale Eff 9.000 10/28/2022 EUR 71.590
Societe Generale Eff 7.750 5/27/2022 EUR 76.600
Societe Generale Eff 8.750 5/27/2022 EUR 75.060
Societe Generale Eff 9.750 5/27/2022 EUR 73.740
Societe Generale Eff 10.750 5/27/2022 EUR 72.540
Societe Generale Eff 11.750 5/27/2022 EUR 71.480
Societe Generale Eff 12.750 5/27/2022 EUR 70.510
Societe Generale Eff 11.000 6/24/2022 EUR 72.680
Societe Generale Eff 10.000 7/22/2022 EUR 74.130
Societe Generale Eff 8.000 8/26/2022 EUR 76.960
Societe Generale Eff 8.750 10/28/2022 EUR 76.010
Vontobel Financial P 9.500 12/23/2022 EUR 33.760
Zurcher Kantonalbank 20.500 11/04/2022 CHF 67.550
Vontobel Financial P 7.000 12/23/2022 EUR 75.910
Vontobel Financial P 13.000 12/23/2022 EUR 71.140
Vontobel Financial P 15.000 12/23/2022 EUR 70.580
Vontobel Financial P 11.500 12/23/2022 EUR 72.150
Vontobel Financial P 16.500 12/23/2022 EUR 69.790
Vontobel Financial P 10.000 12/23/2022 EUR 73.270
Vontobel Financial P 15.500 12/23/2022 EUR 73.070
Vontobel Financial P 12.000 12/23/2022 EUR 74.860
Vontobel Financial P 14.500 12/23/2022 EUR 73.720
Vontobel Financial P 13.000 12/23/2022 EUR 74.100
UBS AG/London 7.250 11/10/2023 CHF 62.500
UBS AG/London 14.000 11/10/2022 CHF 75.500
UBS AG/London 8.500 11/10/2023 CHF 75.300
UBS AG/London 9.250 11/10/2023 CHF 70.050
UBS AG/London 9.750 05/10/2023 USD 63.850
Vontobel Financial P 8.500 12/23/2022 EUR 74.760
Vontobel Financial P 14.000 12/23/2022 EUR 70.560
Vontobel Financial P 7.500 12/23/2022 EUR 66.280
Vontobel Financial P 11.000 12/23/2022 EUR 68.590
Vontobel Financial P 6.000 12/23/2022 EUR 65.460
Vontobel Financial P 8.000 12/23/2022 EUR 68.320
Vontobel Financial P 5.000 12/23/2022 EUR 65.700
Raiffeisen Switzerla 17.500 11/08/2022 USD 52.620
Raiffeisen Schweiz G 7.700 11/08/2023 CHF 71.140
Societe Generale Eff 11.250 7/22/2022 EUR 72.040
Societe Generale Eff 12.250 7/22/2022 EUR 71.010
Societe Generale Eff 13.250 7/22/2022 EUR 70.080
Societe Generale Eff 9.250 8/26/2022 EUR 74.590
Societe Generale Eff 10.250 8/26/2022 EUR 73.260
Societe Generale Eff 11.250 8/26/2022 EUR 72.150
Societe Generale Eff 12.250 8/26/2022 EUR 71.160
Societe Generale Eff 8.500 9/23/2022 EUR 75.530
Societe Generale Eff 9.500 9/23/2022 EUR 74.200
Societe Generale Eff 10.500 9/23/2022 EUR 73.000
Societe Generale Eff 15.000 5/27/2022 EUR 68.100
Societe Generale Eff 12.000 6/24/2022 EUR 71.100
Societe Generale Eff 12.000 10/28/2022 EUR 71.670
Bank Vontobel AG 14.505 11/14/2022 EUR 80.100
Bank Vontobel AG 14.505 11/14/2022 EUR 80.100
Societe Generale Eff 11.250 5/27/2022 EUR 33.570
Societe Generale Eff 13.250 5/27/2022 EUR 31.480
DZ Bank AG Deutsche 7.500 6/22/2022 EUR 69.340
DZ Bank AG Deutsche 6.250 9/21/2022 EUR 70.760
DZ Bank AG Deutsche 5.000 9/21/2022 EUR 73.630
DZ Bank AG Deutsche 7.000 9/21/2022 EUR 72.370
DZ Bank AG Deutsche 11.750 6/22/2022 EUR 60.260
DZ Bank AG Deutsche 8.500 6/22/2022 EUR 73.550
Societe Generale Eff 15.250 5/27/2022 EUR 29.750
DekaBank Deutsche Gi 5.100 6/15/2022 EUR 74.720
Leonteq Securities A 20.940 5/19/2022 CHF 65.950
Corner Banca SA 6.500 11/21/2022 CHF 41.200
Zurcher Kantonalbank 13.250 5/31/2022 CHF 60.840
Zurcher Kantonalbank 5.000 5/31/2022 CHF 70.870
UBS AG/London 7.250 11/21/2022 CHF 66.900
UBS AG/London 10.250 11/21/2022 CHF 38.400
UBS AG/London 5.250 5/19/2023 CHF 73.150
Vontobel Financial P 14.000 6/24/2022 EUR 74.210
Vontobel Financial P 9.500 6/24/2022 EUR 74.180
Vontobel Financial P 4.000 6/24/2022 EUR 58.520
Vontobel Financial P 16.500 6/24/2022 EUR 49.960
Basler Kantonalbank 8.000 4/28/2022 CHF 74.790
Bank Vontobel AG 8.502 10/17/2022 EUR 74.900
Bank Vontobel AG 9.001 10/17/2022 CHF 75.000
Raiffeisen Switzerla 12.500 05/10/2022 EUR 27.640
DZ Bank AG Deutsche 5.800 6/20/2022 EUR 75.850
DZ Bank AG Deutsche 5.400 6/20/2022 EUR 74.370
Corner Banca SA 16.000 08/10/2022 EUR 67.280
Zurcher Kantonalbank 8.500 5/19/2022 CHF 74.030
Vontobel Financial P 3.500 6/24/2022 EUR 60.030
Bank Julius Baer & C 16.000 05/11/2022 EUR 22.550
Vontobel Financial P 14.000 6/24/2022 EUR 71.820
Vontobel Financial P 8.000 6/24/2022 EUR 51.280
Vontobel Financial P 20.000 6/24/2022 EUR 75.670
EFG International Fi 5.800 4/26/2023 EUR 40.020
Litana-Kaliningrad O 13.000 05/01/2024 RUB 58.640
Leonteq Securities A 12.000 7/22/2022 CHF 65.140
Vontobel Financial P 15.500 6/24/2022 EUR 27.050
Credit Suisse AG/Lon 12.500 8/22/2022 CHF 69.990
Leonteq Securities A 30.000 10/18/2022 CHF 62.530
Sberbank of Russia P 0.010 5/25/2026 RUB 69.700
Societe Generale Eff 15.000 5/27/2022 EUR 73.210
Societe Generale Eff 11.750 5/27/2022 EUR 37.110
Vontobel Financial P 5.750 6/24/2022 EUR 75.600
DZ Bank AG Deutsche 5.700 9/19/2022 EUR 73.940
Raiffeisen Schweiz G 18.000 10/19/2022 CHF 54.750
Raiffeisen Schweiz G 20.000 10/19/2022 CHF 35.890
Erste Group Bank AG 8.700 11/12/2026 EUR
UniCredit Bank AG 9.250 11/16/2022 EUR 39.590
UniCredit Bank AG 6.550 11/16/2022 EUR 60.220
Epito-Es Epuletkarba 3.000 11/11/2030 HUF 73.600
Raiffeisen Schweiz G 10.250 02/06/2023 CHF 62.430
Sberbank of Russia P 0.010 11/05/2025 RUB 69.400
Leonteq Securities A 20.000 08/10/2022 CHF 37.690
Leonteq Securities A 22.310 08/10/2022 USD 22.480
Zurcher Kantonalbank 10.000 8/18/2022 CHF 57.130
Zurcher Kantonalbank 10.000 8/18/2022 CHF 73.580
Zurcher Kantonalbank 8.000 8/18/2022 CHF 76.440
DZ Bank AG Deutsche 12.700 9/23/2022 EUR 72.780
DZ Bank AG Deutsche 14.500 6/24/2022 EUR 66.040
DZ Bank AG Deutsche 14.400 6/24/2022 EUR 77.670
DZ Bank AG Deutsche 7.100 9/23/2022 EUR 69.270
DZ Bank AG Deutsche 9.500 9/23/2022 EUR 64.710
DZ Bank AG Deutsche 11.300 9/23/2022 EUR 71.610
DZ Bank AG Deutsche 11.100 9/23/2022 EUR 48.650
DZ Bank AG Deutsche 14.900 9/23/2022 EUR 74.700
Vontobel Financial P 9.000 9/23/2022 EUR 70.250
Vontobel Financial P 10.500 9/23/2022 EUR 68.730
Vontobel Financial P 13.000 6/24/2022 EUR 66.580
Vontobel Financial P 9.000 6/24/2022 EUR 70.380
Vontobel Financial P 11.000 6/24/2022 EUR 68.400
Vontobel Financial P 15.000 6/24/2022 EUR 64.870
Vontobel Financial P 11.000 6/24/2022 EUR 68.890
Vontobel Financial P 16.000 9/23/2022 EUR 73.100
Vontobel Financial P 12.250 6/24/2022 EUR 51.300
Raiffeisen Schweiz G 12.000 07/12/2022 CHF 71.960
Raiffeisen Schweiz G 14.000 07/12/2022 CHF 32.140
Bank Julius Baer & C 6.700 10/13/2022 CHF 69.200
DZ Bank AG Deutsche 5.200 12/19/2022 EUR 73.110
DZ Bank AG Deutsche 7.250 12/19/2022 EUR 75.060
Vontobel Financial P 12.000 08/09/2022 EUR 63.640
Leonteq Securities A 14.880 08/09/2022 CHF 62.000
DZ Bank AG Deutsche 5.500 6/22/2022 EUR 67.120
DZ Bank AG Deutsche 7.250 6/22/2022 EUR 75.260
DZ Bank AG Deutsche 8.250 8/24/2022 EUR 68.520
Vontobel Financial P 11.000 6/24/2022 EUR 72.230
Vontobel Financial P 16.500 6/24/2022 EUR 65.000
Vontobel Financial P 20.000 6/24/2022 EUR 62.140
Vontobel Financial P 14.000 6/24/2022 EUR 68.430
Vontobel Financial P 18.500 9/23/2022 EUR 53.840
Vontobel Financial P 24.000 6/24/2022 EUR 52.020
Vontobel Financial P 8.000 9/23/2022 EUR 75.440
Vontobel Financial P 8.000 6/24/2022 EUR 73.690
Vontobel Financial P 10.000 9/23/2022 EUR 73.680
Vontobel Financial P 12.000 9/23/2022 EUR 70.490
Vontobel Financial P 14.000 9/23/2022 EUR 67.650
Vontobel Financial P 16.500 9/23/2022 EUR 65.360
Vontobel Financial P 19.000 9/23/2022 EUR 63.380
Vontobel Financial P 13.500 6/24/2022 EUR 70.440
Vontobel Financial P 15.500 9/23/2022 EUR 68.350
Raiffeisen Schweiz G 9.500 02/06/2023 USD 50.360
Raiffeisen Schweiz G 12.000 11/09/2022 CHF 39.830
Sberbank of Russia P 0.010 10/28/2024 RUB 73.200
DZ Bank AG Deutsche 17.400 6/24/2022 EUR 65.930
DZ Bank AG Deutsche 18.500 9/23/2022 EUR 64.570
DZ Bank AG Deutsche 12.600 9/23/2022 EUR 68.790
DZ Bank AG Deutsche 12.800 9/23/2022 EUR 58.950
DZ Bank AG Deutsche 16.400 9/23/2022 EUR 62.500
DZ Bank AG Deutsche 18.000 9/23/2022 EUR 60.080
DZ Bank AG Deutsche 23.000 9/23/2022 EUR 54.470
DZ Bank AG Deutsche 12.700 9/23/2022 EUR 46.880
DZ Bank AG Deutsche 14.500 9/23/2022 EUR 45.610
Vontobel Financial P 12.000 9/23/2022 EUR 67.320
Vontobel Financial P 14.000 9/23/2022 EUR 66.690
Vontobel Financial P 12.000 9/23/2022 EUR 67.770
Vontobel Financial P 15.000 6/24/2022 EUR 65.330
Vontobel Financial P 6.000 6/24/2022 EUR 75.530
Vontobel Financial P 21.500 6/24/2022 EUR 72.650
Vontobel Financial P 18.000 6/24/2022 EUR 75.690
Vontobel Financial P 18.500 6/24/2022 EUR 70.990
Vontobel Financial P 10.000 6/24/2022 EUR 68.210
Vontobel Financial P 6.250 6/24/2022 EUR 67.940
Vontobel Financial P 12.500 6/24/2022 EUR 41.990
UniCredit Bank AG 10.150 09/07/2022 EUR 72.910
UniCredit Bank AG 7.450 09/07/2022 EUR 50.980
UniCredit Bank AG 9.650 09/07/2022 EUR 35.000
DZ Bank AG Deutsche 14.100 6/24/2022 EUR 61.160
DZ Bank AG Deutsche 10.500 9/23/2022 EUR 66.850
DZ Bank AG Deutsche 12.300 9/23/2022 EUR 67.090
DZ Bank AG Deutsche 14.300 9/23/2022 EUR 61.260
DZ Bank AG Deutsche 16.500 9/23/2022 EUR 61.880
DZ Bank AG Deutsche 17.100 9/23/2022 EUR 68.900
DZ Bank AG Deutsche 15.100 6/24/2022 EUR 75.980
DZ Bank AG Deutsche 20.100 9/23/2022 EUR 21.290
DZ Bank AG Deutsche 16.300 9/23/2022 EUR 55.120
DZ Bank AG Deutsche 18.300 9/23/2022 EUR 52.940
DZ Bank AG Deutsche 20.400 9/23/2022 EUR 51.130
DZ Bank AG Deutsche 6.500 9/23/2022 EUR 73.440
DZ Bank AG Deutsche 8.600 9/23/2022 EUR 70.520
DZ Bank AG Deutsche 11.100 9/23/2022 EUR 67.980
DZ Bank AG Deutsche 20.800 9/23/2022 EUR 46.720
DZ Bank AG Deutsche 15.400 9/23/2022 EUR 30.890
DZ Bank AG Deutsche 18.000 9/23/2022 EUR 30.180
DZ Bank AG Deutsche 8.400 9/23/2022 EUR 70.810
Goldman Sachs & Co W 5.000 9/21/2022 EUR 74.370
Goldman Sachs & Co W 5.000 5/25/2022 EUR 72.920
Goldman Sachs & Co W 5.000 6/22/2022 EUR 73.300
Goldman Sachs & Co W 5.000 7/20/2022 EUR 73.670
Goldman Sachs & Co W 5.000 8/24/2022 EUR 74.070
DZ Bank AG Deutsche 20.200 6/24/2022 EUR 26.030
DZ Bank AG Deutsche 12.900 9/23/2022 EUR 31.930
Societe Generale Eff 6.750 5/27/2022 EUR 36.850
Societe Generale Eff 5.250 5/27/2022 EUR 77.120
Societe Generale Eff 9.250 5/27/2022 EUR 65.430
Societe Generale Eff 14.750 5/27/2022 EUR 26.470
Societe Generale Eff 10.250 5/27/2022 EUR 63.330
Erste Group Bank AG 9.500 3/29/2024 EUR 65.100
Zurcher Kantonalbank 11.000 7/15/2022 CHF 42.830
Bank Vontobel AG 6.000 01/04/2023 CHF 65.300
Bank Vontobel AG 8.500 01/03/2023 EUR 70.500
Bank Vontobel AG 11.250 01/03/2023 EUR 73.500
Bank Vontobel AG 11.250 01/03/2023 EUR 73.500
Bank Vontobel AG 17.500 07/04/2022 CHF 27.400
Sberbank of Russia P 0.010 4/22/2026 RUB 64.520
Leonteq Securities A 18.000 7/26/2022 CHF 63.900
Leonteq Securities A 12.000 7/26/2022 EUR 60.250
Corner Banca SA 17.200 4/26/2022 CHF 53.460
Leonteq Securities A 9.000 10/26/2022 EUR 64.610
Vontobel Financial P 7.000 6/24/2022 EUR 42.430
Vontobel Financial P 12.500 6/24/2022 EUR 57.910
Vontobel Financial P 10.000 6/24/2022 EUR 41.610
Vontobel Financial P 13.500 6/24/2022 EUR 38.170
Vontobel Financial P 12.500 6/24/2022 EUR 39.250
Vontobel Financial P 16.500 6/24/2022 EUR 36.400
Vontobel Financial P 9.500 6/24/2022 EUR 39.240
Vontobel Financial P 11.000 6/24/2022 EUR 40.340
Vontobel Financial P 6.500 6/24/2022 EUR 46.060
DZ Bank AG Deutsche 7.000 6/20/2022 EUR 71.320
DZ Bank AG Deutsche 8.000 6/20/2022 EUR 71.470
DZ Bank AG Deutsche 7.000 6/20/2022 EUR 64.790
DZ Bank AG Deutsche 5.300 6/20/2022 EUR 69.790
Corner Banca SA 14.000 4/26/2022 USD 57.350
Zurcher Kantonalbank 5.000 4/27/2022 EUR 64.900
DZ Bank AG Deutsche 5.000 6/22/2022 EUR 58.760
DZ Bank AG Deutsche 6.750 6/22/2022 EUR 59.030
DZ Bank AG Deutsche 10.500 6/22/2022 EUR 71.910
DZ Bank AG Deutsche 12.000 6/22/2022 EUR 80.660
DZ Bank AG Deutsche 9.000 6/22/2022 EUR 75.820
DZ Bank AG Deutsche 8.000 6/22/2022 EUR 60.480
Leonteq Securities A 8.000 7/26/2022 CHF 62.310
Zurcher Kantonalbank 16.250 05/04/2022 EUR 65.120
Zurcher Kantonalbank 8.000 05/04/2022 CHF 72.880
EFG International Fi 5.000 4/26/2023 USD 63.610
Raiffeisen Switzerla 6.750 10/26/2022 CHF 63.230
Raiffeisen Switzerla 12.000 10/26/2022 CHF 40.660
Raiffeisen Switzerla 10.500 10/26/2022 CHF 65.230
Raiffeisen Switzerla 8.000 10/26/2022 EUR 63.830
Leonteq Securities A 11.500 10/27/2022 CHF 62.180
Landesbank Baden-Wue 7.000 4/28/2023 EUR 74.960
Landesbank Baden-Wue 5.200 4/28/2023 EUR 59.070
Landesbank Baden-Wue 3.350 4/28/2023 EUR 63.880
Landesbank Baden-Wue 5.650 4/28/2023 EUR 71.860
Landesbank Baden-Wue 4.200 4/28/2023 EUR 75.820
Landesbank Baden-Wue 7.000 4/28/2023 EUR 40.100
Landesbank Baden-Wue 3.800 4/28/2023 EUR 46.610
Landesbank Baden-Wue 3.200 4/28/2023 EUR 69.280
Landesbank Baden-Wue 2.000 4/28/2023 EUR 73.190
Landesbank Baden-Wue 4.650 4/28/2023 EUR 68.210
Landesbank Baden-Wue 3.300 4/28/2023 EUR 72.230
Landesbank Baden-Wue 5.250 4/28/2023 EUR 41.280
Landesbank Baden-Wue 3.150 4/28/2023 EUR 45.350
Landesbank Baden-Wue 2.300 4/28/2023 EUR 66.870
Landesbank Baden-Wue 6.000 4/28/2023 EUR 73.930
Landesbank Baden-Wue 5.700 4/28/2023 EUR 41.130
Landesbank Baden-Wue 4.350 4/28/2023 EUR 43.040
Landesbank Baden-Wue 3.000 4/28/2023 EUR 45.700
Vontobel Financial P 13.500 6/24/2022 EUR 62.570
Vontobel Financial P 15.000 6/24/2022 EUR 60.920
Vontobel Financial P 11.000 6/24/2022 EUR 66.330
Vontobel Financial P 9.500 6/24/2022 EUR 68.380
Vontobel Financial P 12.500 6/24/2022 EUR 64.420
Vontobel Financial P 16.500 6/24/2022 EUR 59.390
Vontobel Financial P 16.000 6/24/2022 EUR 75.370
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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.
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contact Peter Chapman at 215-945-7000.
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