/raid1/www/Hosts/bankrupt/TCREUR_Public/230213.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, February 13, 2023, Vol. 24, No. 32
Headlines
D E N M A R K
SKILL BIDCO: Fitch Assigns 'B(EXP)' LongTerm IDR, Outlook Stable
F I N L A N D
NOKIA OYJ: Moody's Upgrades CFR to 'Ba1' & Alters Outlook to Stable
F R A N C E
TECHNICOLOR CREATIVE: EUR565M Bank Debt Trades at 38% Discount
G E R M A N Y
COLOUROZ INVESTMENT 1: EUR609M Bank Debt Trades at 31% Discount
FORTUNA CONSUMER 2023-1: Fitch Gives 'BB-(EXP)sf' Rating on E Notes
I R E L A N D
CASTLELAKE AVIATION: Fitch Gives BB+(EXP) to New $635MM Term Loan B
L U X E M B O U R G
LSF11 SKYSCRAPER: Fitch Affirms 'B+' LongTerm IDR on Watch Positive
MILLICOM INTERNATIONAL: Fitch Affirms LongTerm IDRs at 'BB+'
TRAVELPORT FINANCE: $1.96B Bank Debt Trades at 42% Discount
N E T H E R L A N D S
COLUMBUS FINANCE: EUR350M Bank Debt Trades at 19% Discount
EAGLE INTERMEDIATE: Moody's Lowers CFR & Alters Outlook to Negative
U N I T E D K I N G D O M
ALBION HOLDCO: Fitch Affirms LongTerm IDR at 'BB-', Outlook Stable
GENESIS SPECIALIST: EUR400M Bank Debt Trades at 70% Discount
LOVE HEMP: Enters Administration Amid Legal Issues
METNOR CONSTRUCTION: Files Notice to Appoint Administrators
PLATFORM BIDCO: GBP417.5M Bank Debt Trades at 18% Discount
RYMAN: Directors Express Going Concern Doubt
SOPHOS INTERMEDIATE I: Fitch Affirms 'B' LongTerm IDR
STR LOGISTICS: DCL Acquires Business Out of Administration
WORCESTER WARRIORS: RFU, Administrators in Dispute Over Takeover
WORCESTER WARRIORS: Won't Apply to Play in Championship
ZEPHYR BIDCO: GBP180M Bank Debt Trades at 23% Discount
X X X X X X X X
[*] BOND PRICING: For the Week February 6 to February 10, 2023
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D E N M A R K
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SKILL BIDCO: Fitch Assigns 'B(EXP)' LongTerm IDR, Outlook Stable
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Fitch Ratings has assigned Skill Bidco ApS an expected Long-Term
Issuer Default Rating (IDR) of 'B(EXP)' with a Stable Outlook and
an expected senior secured rating of 'B+' (EXP)/RR3 to the dual
tranche note planned to be issued in connection to the acquisition
of Scan Global Logistics (SGL, SGLT Holding I LP; (B/Stable).
The IDR reflects its expectation that SGL's strategy will be
unchanged under the new ownership. Fitch forecasts EBITDA leverage
at around the positive sensitivity at 4.5x and free cash flow (FCF)
to turn positive from 2024. However, rising funding costs will
drive EBITDA interest coverage ratio towards the negative
sensitivity of 2.3x, which is reflected in the Stable Outlook.
The expected ratings reflect the planned note issuance and
subsequent group reorganisation. Final ratings are contingent upon
receipt of final documents confirming the information already
received.
KEY RATING DRIVERS
Unchanged Strategy: Fitch does not expect any material change in
the company's strategy despite the new ownership structure. Fitch
expects SGL to maintain its acquisitive attitude, targeting both
smaller bolt-on acquisitions and potentially larger targets in
regions where it is not yet clearly established. Organic growth
into other verticals should also play a role in diversifying and
growing the business. Fitch also expects the company to
opportunistically lean on standard mandates from well-established
commercial relationships.
Higher Funding Costs: In the current interest rate environment,
Fitch expects interest expenses to take up a significant portion of
operational cash flow and partially constrain the company's growth
strategy. The company's existing debt of around EUR580 million will
be entirely refinanced through the issuance of around USD765
million dual tranche notes. The higher interest rates and debt
amount will drive the EBITDA interest coverage ratio to around the
negative sensitivity of 2.3x, which is a rating constraint.
Positive Performance in 2021-2022: Performance during 2021 and 2022
benefited from the successful integration of acquisitions,
increasing mandates from existing clients and the expansion into
new verticals. However, the overall industry context has also
helped drive EBITDA to an expected almost USD200 million in 2022,
from USD45 million in 2020. Higher congestion and limited capacity
meant carriers and adjacent businesses registered record profits.
Fitch forecasts a quick normalisation in yields over the coming two
years, representing a downside risk for the industry as a whole.
New Debt Structure: The new debt structure implies moderate
increase in leverage on a gross debt basis and has prevented a
higher rating compared with SGLT Holding I LP. The dual tranche
note will be raised at the Skill Bidco level, with prior-ranking
debt limited to smaller working capital facilities, contemplated in
the carve-outs. The new notes will have more conservative
incurrence and distribution tests, which Fitch views as credit
positive. The euro tranche should be floating, which marginally
increases credit risk, while the US dollar tranche should
marginally improve FX risk (the company reports its financials in
US dollars).
Decreasing Leverage: Fitch expects SGL to continue on its
deleveraging path (funds from operations (FFO) leverage was an
average 11.0x in 2017-2020 and 3.8x expected in 2022), supported by
more stringent note documentation. Fitch expects debt-funded
acquisitions to be offset by supportive operational performance,
resulting in EBITDA rising to USD220 million in 2024 (after a drop
in 2023) and average EBITDA leverage at or below the 4.5x rating
sensitivity over the rating horizon. Deleveraging relies on the
successful implementation of the business plan and the more
conservative incurrence tests.
Niche Player: SGL is a small but fast-growing company in the
freight-forwarding market. It operates in all main modes of
transport. It focuses on forwarding complex transportation projects
and non-standardised goods in sectors including aid & relief, food
ingredients and additives, fashion and retail, specialty
automotive, and more recently sovereign defence, with a focus on
quality of service rather than price. Its strategy reduces its
direct competition with larger peers, but it remains exposed to the
highly competitive nature of the freight-forwarding sector.
Portfolio Diversification: Together with diversified logistics
solutions (by mode of transport and geography), SGL serves more
than 25,000 customers the 20 largest customers having an average
tenure of around eight years and no client accounting for more than
3% of gross profit. In addition, SGL provides forwarding services
to non-governmental organisations through its ADP division, which
tends to be less cyclical than commercial segments.
Asset-light Balance Sheet: SGL's business model is asset-light and
capex needs are limited, which protects cash flows even with large
declines in sales volumes. The cost structure is flexible with a
high share of variable costs (mainly purchases of freight
capacity). Fitch views freight forwarding as less volatile than
shipping with some margin resilience against economic downturns.
DERIVATION SUMMARY
Fitch sees SGL's debt capacity and credit metrics as in line with
'B' rated peers'. The credit profile is supported by the
diversification of the group's end-customer portfolio by industry.
Fitch views SGL's earnings as less volatile than that of sole
carriers, such as shipping companies, but the group's small size
constrains its debt capacity.
Fitch views InPost (BB/Stable) as a broad industry peer. InPost is
a niche leader with good revenue visibility and limited competition
translating into high operating margins. It also has a more
conservative financial structure which explains the several notch
differences.
KEY ASSUMPTIONS
-- Ocean and air gross profit yields (gross profit per 20-foot
equivalent unit (TEU) or tonne) decreasing towards 2021 levels
(around USD700 per tonne for air volumes and USD400 per TEU for
ocean volumes) throughout the rating horizon, with volumes
increasing at a CAGR of 10% through 2026
-- Average yearly EBITDA contribution coming from acquisitions of
USD20 million, with implied enterprise value (EV) multiple of 5.0x
and an EBITDA/gross profit margin of 35%
-- Wage cost increasing as a portion of gross profit towards 50%
-- Additional USD200 million financing post transaction closing to
fund new acquisitions
Interest rates between 10-12% at closing, with the euro tranche
decreasing thereafter towards 8%
Days sales outstanding and days payables outstanding at 65 and 40,
respectively, throughout the rating horizon
Capex around USD30 million per year
No dividend distributions and no equity injections
KEY RECOVERY RATING ASSUMPTIONS
The recovery analysis assumes that SGL would be reorganised as a
going-concern (GC) in bankruptcy rather than liquidated. Fitch has
assumed a 10% administrative claim.
GC EBITDA of USD126 million assumes a significant downturn in the
transportation industry. The assumed GC EBITDA is 35% lower than
SGL's estimated 2022 EBITDA. Around USD40 million of the 2022
EBITDA is related to the integration of previously acquired
companies and under the Recovery Analysis, Fitch assumed that this
amount would be written off and the remaining business activity
would also contract by 20%. The 35% cut is thus a conservative
assumption, reflecting inherent execution risk in integrating new
businesses and trading underperformance in a distressed economic
environment and an increased debt burden.
Fitch applies a distressed EV/EBITDA multiple of 5x to calculate a
GC EV, which is in line with the median for 'B' companies in the
sector.
The waterfall analysis output percentage on current metrics and
assumptions was 64%, which is commensurate with 'RR3', providing a
one-notch uplift for the senior secured bond rating from the IDR.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
Successful implementation of growth strategy, resulting in EBITDA
leverage consistently below 4.5x or FFO gross leverage consistently
below 5.5x
EBITDA interest coverage consistently above 2.8x
Consistently positive FCF generation (before acquisitions)
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
EBITDA leverage consistently above 5.5x or FFO gross leverage
consistently above 6.5x
EBITDA interest coverage consistently below 2.3x
Negative FCF through the economic cycle
LIQUIDITY AND DEBT STRUCTURE
Adequate Liquidity: At end2022, SGL reported USD319 million of cash
in hand as well as USD77 million of undrawn committed credit lines,
maturing in 2023. After the transaction closes, Fitch does not see
additional financing needs in the medium term, despite negative FCF
after acquisitions. SGL is exposed to refinancing risks in 2028
when the new notes mature.
ISSUER PROFILE
SGL is an asset-light freight forwarder and logistics provider with
a global footprint, particularly active in the Nordics and North
America through its operating arms TransGroup Global Inc. and SGL
Transgroup International A/S. SGL is a niche player focusing on
tailor-made and complex ocean, air and surface transport solutions
complemented by customs and warehousing services to its global
25,000 customer base.
DATE OF RELEVANT COMMITTEE
30 January 2023
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Recovery
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Skill BidCo ApS LT IDR B(EXP) Expected Rating
senior secured LT B+(EXP) Expected Rating RR3
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F I N L A N D
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NOKIA OYJ: Moody's Upgrades CFR to 'Ba1' & Alters Outlook to Stable
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Moody's Investors Service has upgraded Nokia Oyj's corporate family
rating to Ba1 from Ba2. Concurrently, Moody's has upgraded the
company's probability of default rating to Ba1-PD from Ba2-PD, its
senior unsecured long-term ratings to Ba1 from Ba2, and the senior
unsecured medium term note (MTN) programme rating to (P)Ba1 from
(P)Ba2. Moody's has also affirmed Nokia's Not Prime (NP) commercial
paper ratings. The outlook has been changed to stable from
positive.
"The upgrade to Ba1 reflects the good execution of Nokia's
strategic plan, with improved profitability in both Network
Infrastructure and Mobile Networks," says Ernesto Bisagno, a
Moody's Vice President-Senior Credit Officer and lead analyst for
Nokia.
"The upgrade also reflects Moody's expectation that Nokia will
continue to report additional profit growth in the next 12 to 18
months, driven by higher revenue and better margin on the back of a
stronger product mix and scale," adds Mr. Bisagno.
RATINGS RATIONALE
Moody's expects that Nokia will continue to grow its revenue
supported by the steady demand in the Network Infrastructure
segment, on the back of increased needs for higher capacity and
speed. In the Mobile Networks segment, Nokia should benefit from
higher conversion rate from 4G to 5G contracts, allowing the
company to grow faster than the radio access network (RAN) market.
Moody's expects the growth in the RAN market to flatten over
2023-24, due to a combination of reduced capital expenditures from
telecom operators in North America as the 5G cycle is maturing and
some de-stocking following the normalization of supply chains,
partially offset by higher growth in emerging markets, particularly
in India.
While the overall economic environment has weakened, posing a risk
to the forecasts, Nokia is less exposed to short-term volatility as
its end markets reflect longer-term planning from telecom
operators.
Nokia's Moody's-adjusted EBITDA increased to EUR3.2 billion in 2022
(from EUR2.9 billion in 2021) on the back of stronger performance
across both Mobile Networks and Network Infrastructure because of a
favourable geographical and product mix. Nokia's Moody's-adjusted
funds from operations remained steady at EUR3 billion in 2022.
However, because of a significant increase in working capital needs
owing to supply chain constraints and the impact of higher revenue
from patent licensing, Nokia's Moody's-adjusted operating cash flow
fell to EUR1.5 billion (EUR2.6 billion in 2021). Moody's-adjusted
gross debt/EBITDA improved to 2.4x as of December 2022 from 2.7x in
2021.
Moody's expects Nokia to report profit growth over 2023-24 and
additional operating margin improvement of around 20-30 basis
points each year, driven by higher revenue and better margins on
the back of a stronger product mix and the benefits of operating
leverage. Despite stronger earnings, the rating agency expects
additional working capital needs in 2023 driven by higher volumes,
partially offset by a normalization in supply chain.
As a result, Nokia's Moody's-adjusted FCF will remain positive
between EUR500 million - EUR700 million each year over 2023-24. The
rating agency expects additional improvements in Nokia's credit
metrics, with Moody's-adjusted gross debt/EBITDA declining towards
2.0x in 2024 and the company maintaining a net cash position.
The Ba1 rating reflects (1) Nokia's significant scale and relevance
in the telecom equipment market, with a global market position in
the top three in wireless, fixed, IP and optical networks; (2) the
contribution from its highly profitable licensing business; (3) its
broad geographical diversification, with sales well spread across
all major regions; (4) its improving operating performance and cash
flow generation; and (5) its strong liquidity and balanced
financial policy.
The rating is constrained by (1) the cyclicality of the telecom
equipment industry; (2) the company's exposure to intense
competition and technology cycles; (3) its high investment needs
and R&D costs, combined with the risk of new restructuring costs;
and (4) the weakened macroeconomic outlook.
LIQUIDITY
Nokia's liquidity remains strong, reflecting a large cash balance
of EUR8.5 billion (including EUR3.1 billion of short-term
investments) as of December 2022; EUR700 million of non-current
interest-bearing financial investments; and a EUR1.5 billion
revolving credit facility maturing in 2026 (RCF, fully undrawn as
of December 2022), with no financial covenants and no significant
adverse change clause for drawdowns; the expected positive FCF
generation of EUR500 million - EUR700 million each year over
2023-24; and the limited upcoming debt maturities mostly including
a EUR750 million senior unsecured bond maturing in March 2024.
STRUCTURAL CONSIDERATIONS
Nokia's probability of default rating of Ba1-PD incorporates the
use of a 50% family recovery rate assumption, reflecting a capital
structure comprising both bank debt and bonds. All of Nokia's debt
instruments, including its EUR1.5 billion revolving credit
facility, are senior unsecured, have investment-grade style
documentation and have no financial covenants. Nokia's rated senior
unsecured bonds have a Ba1 rating, at the same level as Nokia's Ba1
corporate family rating.
RATIONALE FOR STABLE OUTLOOK
The stable outlook reflects Moody's expectations that Nokia's
operating performance will continue to improve driven by a
combination of positive growth in its markets and additional margin
improvement.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
In light of the cyclicality of this industry and the potential for
rapid reversals in operating performance when there are changes in
technology cycles or material market share shifts owing to changes
in the competitive dynamics, further upward pressure on the rating
is more limited.
However, overtime, positive pressure on the rating could develop if
Nokia continues to execute successfully its strategy, while
improving its competitive position and securing technology
leadership in both mobile and fixed. Quantitatively, upward
pressure would require the company's operating margin
(Moody's-adjusted) to increase towards 15%, a strong free cash flow
generation after shareholder distributions; and a sustained solid
liquidity profile and strong balance sheet with low leverage and an
ample cash buffer that allows sufficient cushion to comfortably
weather industry downcycles.
Downward rating pressure is unlikely in the next 12-18 months, but
could arise if the company's operating performance deteriorates,
reflecting sustained market share losses or an unexpected
contraction of the underlying markets. Quantitatively, downward
pressure would arise if its Moody's adjusted operating margin
declines below 8%, its Moody's-adjusted debt/EBITDA increases
sustainably above 2.5x; or its FCF and liquidity deteriorates
significantly.
LIST OF AFFECTED RATINGS
Upgrades:
Issuer: Nokia Oyj
Probability of Default Rating, Upgraded to Ba1-PD from Ba2-PD
LT Corporate Family Rating, Upgraded to Ba1 from Ba2
Senior Unsecured MTN Program, Upgraded to (P)Ba1 from (P)Ba2
Senior Unsecured Regular Bond/Debenture, Upgraded to Ba1 from Ba2
Affirmations:
Issuer: Nokia Oyj
Commercial Paper, Affirmed NP
Other Short Term, Affirmed (P)NP
Outlook Action:
Issuer: Nokia Oyj
Outlook, Changed To Stable From Positive
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Diversified
Technology published in February 2022.
COMPANY PROFILE
Headquartered in Espoo, Finland, Nokia is a leading provider of
radio access/mobile broadband wireless and fixed equipment,
software and services to telecommunication operators, as well as
enterprises. The company also operates a licensing, brand and
technology development business. Nokia reported total group net
sales of EUR24.9 billion and comparable operating profit of EUR3.1
billion in 2022. Nokia has four operating and reportable segments
for the financial reporting purposes: (1) Mobile Networks, (2)
Network Infrastructure, (3) Cloud and Network Services and (4)
Nokia Technologies.
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F R A N C E
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TECHNICOLOR CREATIVE: EUR565M Bank Debt Trades at 38% Discount
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Participations in a syndicated loan under which Technicolor
Creative Studios SA is a borrower were trading in the secondary
market around 61.6 cents-on-the-dollar during the week ended
Friday, February 10, 2023, according to Bloomberg's Evaluated
Pricing service data.
The EUR565 million facility is a Term loan that is scheduled to
mature on July 28, 2026. The amount is fully drawn and
outstanding.
Technicolor Creative Studios SA is a French company that involved
in the visual effects, motion graphics and animation services for
the entertainment, media and advertising industries. Headquartered
in Paris, France, it is a spin-off of Technicolor SA, which now
renamed to Vantiva. The Company's country of domicile is France.
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G E R M A N Y
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COLOUROZ INVESTMENT 1: EUR609M Bank Debt Trades at 31% Discount
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Participations in a syndicated loan under which ColourOZ Investment
1 GmbH is a borrower were trading in the secondary market around
68.6 cents-on-the-dollar during the week ended Friday, February 10,
2023, according to Bloomberg's Evaluated Pricing service data.
The EUR609.4 million facility is a Term loan that is scheduled to
mature on September 7, 2023. The amount is fully drawn and
outstanding.
ColourOz Investment 1 GmbH manufactures paint products. The
Company's country of domicile is Germany.
FORTUNA CONSUMER 2023-1: Fitch Gives 'BB-(EXP)sf' Rating on E Notes
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Fitch Ratings has assigned Fortuna Consumer Loan ABS 2023-1 DAC's
class A to E and X notes expected ratings.
The assignment of final ratings is contingent on the receipt of
final documents conforming to information already reviewed.
Entity/Debt Rating
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Fortuna Consumer
Loan ABS 2023-1
A LT AAA(EXP)sf Expected Rating
B LT AA-(EXP)sf Expected Rating
C LT A-(EXP)sf Expected Rating
D LT BBB-(EXP)sf Expected Rating
E LT BB-(EXP)sf Expected Rating
F LT NR(EXP)sf Expected Rating
G LT NR(EXP)sf Expected Rating
X LT BB+(EXP)sf Expected Rating
TRANSACTION SUMMARY
Fortuna Consumer Loan ABS 2023-1 Designated Activity Company is a
true-sale securitisation of a 12-month revolving pool of unsecured
consumer loans sold by auxmoney Investments Limited (not rated).
The securitised consumer loan receivables are derived from loan
agreements entered into between Süd-West-Kreditbank Finanzierung
GmbH (SWK, not rated) and individuals located in Germany and
brokered by auxmoney GmbH via its online lending platform.
KEY RATING DRIVERS
Large Loss Expectations: Part of auxmoney's customers are
associated with higher-risk than those targeted by traditional
lenders of German unsecured consumer loans. Fitch determined the
score calculated by auxmoney as the key asset performance driver.
Fitch assumes a slightly higher weighted average (WA) default base
case of 13.8% compared with 13.0% in the predecessor deal. This
considers the negative impact that rising costs of living will
have, in particular on low-income borrowers that are also present
in the pool.
Fitch applied a WA default multiple of 3.7x at 'AAAsf' for the
total portfolio, which is below the criteria range. Fitch assumed a
recovery base case of 33% and a high recovery haircut of 57.5% at
'AAAsf'. The resulting loss rates are the highest among Fitch-rated
German unsecured loans transactions.
Revolving Period Adds Risk: The transaction envisages a one-year
revolving period. Fitch's outlook on all German consumer asset
classes for 2023 is deteriorating as rising interest rates and high
inflation will squeeze affordability. The agency's macroeconomic
expectations, in conjunction with the higher risk profile of part
of the borrowers in this transaction, increase the risks related to
the revolving period. Fitch took this into account as part of the
considerations to set its default multiples.
Operational Risks: auxmoney operates a data- and tech-driven
lending platform that connects borrowers and investors on a fully
digitalised basis. Fitch conducted an operational review, during
which auxmoney showed a robust corporate governance and risk
approach. Warehouse facilities with several banks are in place, for
which auxmoney Investments Limited as seller holds a share in the
junior tranche. Assets for the transaction are selected from one of
the warehouse facilities according to the transaction's eligibility
criteria, ensuring auxmoney retains sufficient risk on its own
book.
Servicing Continuity Risk Increased: CreditConnect GmbH, a
subsidiary of auxmoney, is the servicer, but some of the servicing
duties are performed by SWK. Unlike in the previous Fortuna deals,
no back-up servicer will be appointed at closing. Nonetheless,
Fitch believes that the current set-up and the split of
responsibilities between the two entities sufficiently reduce the
servicing continuity risk. Payment interruption risk is reduced by
a liquidity reserve, which covers more than three months of senior
expenses and interest on the class A to F notes.
Excess Spread Note at Cap: Fitch assigned the class X notes a
'BB+(EXP)sf' rating. This class can only be repaid through interest
proceeds. The model-implied ratings of excess spread notes are
highly sensitive to cash flow modelling assumptions, especially
prepayment rates. For this reason, Fitch capped the class X notes
at 'BB+sf' in line with its Global Structured Finance Criteria.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
The ratings may be negatively affected if defaults and losses are
larger and significantly more front- (for senior notes) or
back-loaded (for junior notes) than assumed, leading to higher
excess spread compression or a longer pro rata period.
Expected impact on the notes' ratings of increased defaults (class
A/B/C/D/E/X)
Increase default rate by 10%:
'AA+sf'/'A+sf'/'BBB+sf'/'BB+sf'/'Bsf'/'BB+sf'
Increase default rate by 25%:
'AA+sf'/'Asf'/'BBBsf'/'BBsf'/'CCCsf'/'BB+sf'
Increase default rate by 50%:
'AA-sf'/'BBB+sf'/'BB+sf'/'B+sf'/'NRsf'/'BB+sf'
Expected impact on the notes' ratings of decreased recoveries
(class A/B/C/D/E/X)
Reduce recovery rates by 10%:
'AAAsf'/'AA-sf'/'A-sf'/'BBB-sf'/'B+sf'/'BB+sf'
Reduce recovery rates by 25%:
'AAAsf'/'AA-sf'/'BBB+sf'/'BB+sf'/'Bsf'/'BB+sf'
Reduce recovery rates by 50%:
'AAAsf'/'A+sf'/'BBB+sf'/'BB+sf'/'Bsf'/'BB+sf'
Expected impact on the notes' ratings of increased defaults and
decreased recoveries (class A/B/C/D/E/X)
Increase default rates by 10% and decrease recovery rates by 10%:
'AA+sf'/'A+sf'/'BBB+sf'/'BB+sf'/'NRsf'/'BB+sf'
Increase default rates by 25% and decrease recovery rates by 25%:
'AA+sf'/'Asf'/'BBB-sf'/'BBsf'/'NRsf'/'BB+sf'
Increase default rates by 50% and decrease recovery rates by 50%:
'A+sf'/'BBBsf'/'BBsf'/'CCCsf'/'NRsf'/'BB+sf'
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
Actual defaults lower and losses smaller than assumed would be
positive for the ratings.
Expected impact on the notes' ratings of decreased defaults and
increased recoveries (class A/B/C/D/E/X)
Decrease default rates by 10% and increase recovery rates by 10%:
'AAAsf'/'AA+sf'/'Asf'/'BBBsf'/'BBsf'/'BB+sf'
Decrease default rates by 25% and increase recovery rates by 25%:
'AAAsf'/'AAsf'/'AA-sf'/'A-sf'/'BBB-sf'/'BB+sf'
DATA ADEQUACY
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action
Fitch reviewed the results of a third party assessment conducted on
the asset portfolio information, and concluded that there were no
findings that affected the rating analysis.
Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
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I R E L A N D
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CASTLELAKE AVIATION: Fitch Gives BB+(EXP) to New $635MM Term Loan B
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Fitch Ratings expects to assign a 'BB+(EXP)' rating to Castlelake
Aviation One Designated Activity Company's (CAO) contemplated
issuance of $635 million, five-year, senior secured incremental
Term Loan B. A floating rate of interest and the final maturity
date will be determined at the time of issuance.
The assignment of final ratings is contingent on the receipt of
final documents conforming to information already reviewed.
KEY RATING DRIVERS
The expected rating is aligned to CAO's existing 'BB+' rated senior
secured Term Loan B, issued in November 2021, with terms of the
loan add-on mirroring those of the outstanding instrument. The
senior secured Term Loan B is notched up once from Castlelake
Aviation Limited's (CA) 'BB' Long-Term Issuer Default Rating (IDR),
reflecting the aircraft collateral backing the obligations which
suggests above average recovery prospects.
Fitch does not expect the issuance will result in a material impact
to CA's leverage, as the issuance proceeds will be used to repay
existing debt and for general corporate purposes. Proforma for this
issuance, Fitch estimates leverage (gross debt to tangible equity)
to remain largely unchanged at around 2.2x as of Dec. 31, 2022. The
company has articulated a leverage target of net debt to equity in
the 2.5x-3.0x range, which should translate to 2.7x-3.2x on a gross
debt to tangible equity basis bases on CA's average cash balances.
Fitch believes CA's leverage target is appropriate in the context
of its fleet quality.
CA's ratings reflect its young fleet, one of the longest weighted
average remaining lease terms in the industry, adequate targeted
leverage, the absence of order book purchase commitments, low
levels of near-term debt maturities and sound liquidity metrics.
The ratings also consider the company's business profile, which
benefits from its affiliation with Castlelake LP. Castlelake LP has
an established position as a lessor of midlife and older commercial
aircraft, as well as management experience and track record in
underwriting, servicing and managing a sizeable global aircraft
portfolio.
Primary rating constraints include execution risk arising from CA's
aggressive, albeit attainable growth targets and accompanying
financing objectives; the company's largely secured funding
profile; and a higher than average exposure to weaker credit
airlines and weaker projected profitability over the next two
years. Fitch also notes potential governance and conflict of
interest risks associated with CA's externally-managed business
model, limited number of independent board members and ownership by
a fixed-life private fund structure.
The Stable Rating Outlook reflects Fitch's expectation that CA will
manage its balance sheet growth in order to maintain sufficient
headroom relative to its targeted leverage range and Fitch's
negative rating sensitivities over the Rating Outlook horizon,
despite Fitch's expectations for increased macro challenges,
including elevated market volatility, rising interest rates, and
growing inflation. The Stable Rating Outlook also reflects
expectations for the maintenance of a strong liquidity position,
given the lack of order book purchase commitments with aircraft
manufacturers.
SUBSIDIARY RATINGS
CAO's Long-Term IDR is equalized with that of CA given it is a
wholly-owned and highly integrated subsidiary of the company.
RATING SENSITIVITIES
The expected rating for the senior secured, incremental Term Loan B
is primarily sensitive to changes in CA's Long-Term IDR, and
secondarily to the relative recovery prospects of the instrument.
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
CA's ratings could be positively influenced by solid execution
regarding planned growth targets and outlined long-term strategic
financial objectives, including maintenance of leverage within the
targeted range. The ratings could also benefit from enhanced scale
and an improved risk profile of the portfolio, as exhibited by
stronger lessee diversification, reduced exposure to weaker
airlines, maintenance of the impairment ratio below 1%, and
increases in the proportion of Tier 1 aircraft and narrowbody
aircraft.
An upgrade is possible should the company achieve a sustained
return on average assets in excess of 2.5% and unsecured debt
approaching, or in excess, of 35% of total debt, while achieving
and maintaining unencumbered assets coverage of unsecured debt in
excess of 1.0x. Any potential upward rating momentum would also be
evaluated in the context of potential governance and conflict of
interest risks associated with CA's externally managed business
model, limited number of independent board members and ownership by
a fixed-life private fund structure.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
Macroeconomic headwinds that pressure airlines and negatively
impact the company's cash flow generation, profitability, and
liquidity position could yield negative rating actions. A weakening
of the company's projected long-term cash flow generation,
profitability and liquidity coverage falling below 1.0x and/or a
sustained increase in leverage above 4x would also be viewed
negatively.
Entity/Debt Rating
----------- ------
Castlelake Aviation
One Designated
Activity Company
senior secured LT BB+(EXP) Expected Rating
===================
L U X E M B O U R G
===================
LSF11 SKYSCRAPER: Fitch Affirms 'B+' LongTerm IDR on Watch Positive
-------------------------------------------------------------------
Fitch Ratings has maintained LSF11 Skyscraper Holdco Sarl's (MBCC
Group) 'B+' Long-Term Issuer Default Rating (IDR) and 'BB-'/'RR3'
senior secured rating on Rating Watch Positive (RWP).
The RWP reflects Fitch's expectation that the acquisition by Sika
will strengthen MBCC's credit profile, leading to a stronger
financial structure and greater financial flexibility. Fitch
expects to resolve the RWP once the acquisition is completed,
currently expected in 1H23.
Sika is a specialty chemicals company with a leading position in
the development and production of systems and products for bonding,
sealing, damping, reinforcing, and protecting in the building
sector and motor vehicle industry.
KEY RATING DRIVERS
Stronger Financial Structure: Fitch expects the acquisition by Sika
to strengthen MBCC's financial structure, given the former's
healthy leverage profile, strong access to capital markets and
record of prudent financial discipline. MBCC's rating is mainly
limited by expected high EBITDA leverage of 5.2x at end-2022, with
limited expected deleveraging towards 4.6x at end-2025. The
transaction is likely to lead to repayment of MBCC's existing term
loans and revolving credit facility (RCF), due to a
change-of-control clause in debt documentation and Sika's lower
cost of funding, which may provide an economic incentive to arrange
financing at the group level.
Improving Financial Flexibility: Fitch assumes improved financial
flexibility for MBCC post-acquisition, driven by the expected
stronger financial structure and integration into Sika. MBCC's
liquidity is constrained by concentrated significant debt
maturities in 2027-2028, resulting in refinancing risk in the event
of adverse market conditions or idiosyncratic issues. Fitch expects
MBCC to benefit from Sika's strong capital market access and
prudent financial discipline, which will increase financial
flexibility.
Temporary Profitability Pressure: Fitch expects high-single-digit
decline in the company's organic revenue and muted operating
profitability in 2023, driven by assumed decline in volumes,
especially in the new-build residential and commercial end-markets.
From 2024, Fitch expects improving volumes activity, resulting in
low single-digit revenue growth and improvements in EBITDA margin,
further supported by efficiency gains from initiatives in
procurement, manufacturing and logistics.
Stabilising Free Cash Flows: Fitch forecasts mid-single-digit free
cash flow (FCF) margins in 2023-2025, following neutral-to-negative
FCF generation in 2021-2022. The improvement will be mainly driven
by assumed broadly neutral working capital requirements following
high working capital consumption in 2021 and 9M22. Cash consumption
over recent quarters was exacerbated by a sharp increase in
procurement costs and supply-chain issues, which were handled by
higher levels of inventories. Fitch expects stabilising raw
material prices and subsiding supply challenges in 2023-2025.
Diversified Customer Revenue: MBCC benefits from a diverse customer
base and adequate geographical spread across Europe, North America,
Asia Pacific and the Middle East, with emerging markets adding
growth potential. Revenue comes from more than 30,000 customers,
with the top-10 customers accounting for only 10% of sales.
Customers include concrete manufacturers, infrastructure builders,
roofers, wall and flooring installers, insulators, windmill farms
and underground tunnellers.
Mix of Sales Channels: Fitch expects the mix of direct and indirect
sales to offer strong customer reach to facilitate distribution.
MBCC's admixture products are mainly sold under the Master Builders
brand, with direct sales to large cement and concrete customers
globally as well as local sales to ready-mix concrete plants. Its
construction-systems products are more fragmented, with multiple
brands for different segments and around 40:60 split between direct
sales to professionals and indirect sales through professional and
DIY channels.
Maintenance Sales Mitigate Cyclicality: MBCC supplies products and
solutions for a range of applications across infrastructure,
commercial and residential construction, with over one-third of
sales relating to repair and maintenance. This mitigates sales
volatility from the more cyclical new-build construction, albeit
with a fair share of more resilient infrastructure end-market.
Margins have been stable during both cyclically weaker periods and
at times of high oil prices, despite raw materials cost swings.
DERIVATION SUMMARY
MBCC has a solid business profile that is broadly in line with that
of RPM International Inc. (BBB-/Stable). RPM is about twice the
size of MBCC by turnover and has strong brand recognition in its
niche segments, but lower geographical diversification.
MBCC's margin and profitability are firmly aligned with that of
other building product companies, such as HESTIAFLOOR 2 (Gerflor;
B/Stable) and some of its concrete customers. The company also
compares well with Winterfell Financing S.a.r.l. (B/Stable) and
Quimper AB (B/Stable), which have lower margins as distributors and
higher expected leverage.
KEY ASSUMPTIONS
- Revenue of EUR3.1 billion in 2022, high-single-digits revenue
decline in 2023, low-single-digits growth in 2024-2025
- EBITDA margin of around 12% in 2022-2023, increasing to around
13.5% in 2024 and 14.0% in 2025 on cost savings and economic
recovery
- Capex at 2.5%-2.6% of sales in 2022-2025
- Net working-capital requirement of around 3.6% in 2022, 1.0%
inflow in 2023 and broadly neutral requirement in 2024-2025
- EUR12.5 million Fitch's cash restriction for intra-year
working-capital swings
- Holdco loan included as debt, with cash interest serviced by
MBCC
Recovery Assumptions:
- The recovery analysis assumes that MBCC would be re-organised as
a going concern (GC) rather than liquidated.
- The GC EBITDA estimate reflects Fitch's view of a sustainable,
post reorganisation EBITDA on which Fitch bases the enterprise
valuation (EV). Fitch assumes EUR250 million of GC EBITDA,
reflecting potential raw-material price pressure, a prolonged deep
recession or loss of competitiveness
- A multiple of 5.5x EBITDA is applied to the GC EBITDA to
calculate a post-reorganisation EV, reflecting MBCC's solid market
position and strong profitability
- Fitch has included MBCC's local facilities of EUR4 million as
super senior and the impact of the company's non-recourse factoring
of around EUR25 million
- Fitch's waterfall analysis generated a Recover Recovery in the
'RR3' band, indicating a 'BB-' final instrument rating. This was
after 10% deduction from EV for administrative claims, and assumed
MBCC's EUR150 million RCF to be fully drawn, and EUR1,686 million
term loan B ranking pari passu. The waterfall analysis output
percentage is 66%.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- Continued strong business profile and successful implementation
of planned cost savings, leading to a higher EBITDA margin of 17%
- EBITDA gross leverage below 4x on a sustained basis
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- EBITDA gross leverage above 6x on a sustained basis
- Deteriorating market position, weak sales growth or margin
pressure
- EBITDA margin below 13% for a sustained period
- FCF margin deteriorating to below 3%
LIQUIDITY AND DEBT STRUCTURE
Comfortable Liquidity: As of 30 September 2022, the company's
liquidity was supported by around EUR105 million of readily
available cash (excluding around EUR13 million of cash to cover
intra-year working-capital swings) and access to an undrawn
committed EUR70 million RCF due 2027 (EUR80 million drawn at the
end of 3Q22). MBCC has no significant short-term debt maturities
and its debt maturity profile is concentrated in 2027-2028. Fitch
expects a mid-single-digit FCF margin and no new acquisitions in
2023-2025.
Fitch expects significant improvement in the liquidity profile
post-acquisition, due to the likely repayment of MBCC's existing
term loans and RCF and an expected stronger financial structure and
integration into Sika. Fitch assumes that MBCC would offer to
prepay the existing debt under the change-of-control clause at the
transaction closing.
ISSUER PROFILE
LSF11 Skyscraper Holdco Sarl (MBCC Group; previously BASF
Construction Chemicals division) is a global leader in performance
solutions for the construction markets with two distinct divisions
Admixtures and Construction Systems offering a range of products
and solutions for various construction applications across
infrastructure, commercial and residential construction.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
LSF11
Skyscraper
Holdco Sarl LT IDR B+ Rating Watch Maintained B+
senior
secured LT BB- Rating Watch Maintained RR3 BB-
MILLICOM INTERNATIONAL: Fitch Affirms LongTerm IDRs at 'BB+'
------------------------------------------------------------
Fitch Ratings has affirmed Millicom International Cellular, S.A.'s
Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs)
at 'BB+' with a Stable Rating Outlook. In addition, Fitch has
affirmed Millicom's senior unsecured debt at 'BB+'.
Millicom's ratings reflect geographic diversification, strong brand
recognition, and network quality, all of which contribute to
leading positions in key markets, a strong subscriber base, and
solid operating cash flow generation.
Millicom's ratings are currently constrained by the operating
environments and country ceilings of operations that contribute to
significant dividend flow.
The Board of Directors has confirmed that a potential acquisition
of all outstanding shares in Millicom is being discussed with
Apollo Global Management and Claure Group; however, there is no
certainty that a transaction will materialize.
The Stable Outlook reflects Fitch's expectation that the company
will maintain consolidated net leverage levels below 3.5x and that
it will continue to lead in key markets.
KEY RATING DRIVERS
Country Ceiling Constrained: Millicom's ratings are constrained by
the 'BB' Country Ceiling of Guatemala, given that its operation in
that country accounted for 57% of the upstream dividends received
by the holding company for its debt service in 2022. The 'BB+'
ratings of Millicom exceed the Country Ceiling by one notch due to
geographic diversification of the balance of dividends that are
received from its subsidiaries in countries such as Paraguay,
Bolivia, Nicaragua and Honduras, as well as the USD600 million
undrawn credit facility that could provide additional liquidity.
The company's subsidiaries in higher rated jurisdictions, Colombia
and Panama, have not historically distributed material dividends.
Strong Market Positions: Millicom holds the No. 1 or No. 2 position
in most of its markets. Fitch expects Millicom's strong market
position to remain intact, supported by network quality and
coverage and growing fixed-line home operations. These qualities
across its footprint are expected to enable the company to continue
to generate stable cash flows and support growth opportunities in
underpenetrated mobile data and fixed broadband services.
Solid Cash Flow Generation: Millicom's strong market position
supports EBITDA margins in the low-to mid-30% range and FFO margins
around 20%, consistent with an investment-grade operator. Fitch
expects modest FCF generation, with capex of around 18% of
revenues. Increased competition in markets such as Colombia and
Paraguay could result in slightly lower margins in the near to
medium term.
Weak Operating Environment: Millicom's upgrade and downgrade net
leverage rating sensitivities of 2.5x and 3.5x, respectively, are
tighter than similarly rated issuers with strong business positions
due to the weak operating environment in most of the countries in
which it operates in Latin America, as reflected by weak systemic
governance, low sovereign ratings and GDP per capita. This can lead
to more volatile operating conditions, in terms of political and
regulatory stability and economic conditions, than faced by its
peers in developed markets.
Moderate Deleveraging Expected: Millicom's debt-funded acquisitions
of over the past few years have added pressure on its financial
position. Fitch projects that the company's consolidated net debt
to EBITDA ratio will fall to 3.0x in 2023 from an estimated 3.2x in
2022. Absent another acquisition or extraordinary dividends, net
leverage should fall below 3.0x in 2024. Approximately USD2.5
billion of the company's USD7.9 billion of total debt as of Sept.
30, 2022, was at the holding company level. This compares with
USD800 million of dividends received in 2022, resulting in a
holding company debt to dividends received ratio of 3x, which is
materially below the 4.5x downgrade sensitivity.
DERIVATION SUMMARY
Millicom's ratings are well positioned relative to regional telecom
peers in the 'BB' rating category, based on a solid financial
profile and operational scale and diversification, as well as
strong positions in key markets. These strengths are offset by high
concentration in countries with low sovereign ratings in Latin
America, which tend to have more volatile economic environments.
Millicom has a much stronger financial profile than diversified
integrated telecom operators in the region such as Cable & Wireless
Communications Limited (BB-/Stable) and Digicel Limited (CCC-),
supporting a higher, multi-notch rating differential. Millicom's
leverage is moderately higher than Empresa de Telecomunicaciones de
Bogota, S.A. E.S.P. (ETB; BB+/Stable), but benefits from a stronger
business profile that has leading market positions in multiple
markets. Millicom also has a stronger capital structure and
business profile than Axtel S.A.B. de C.V. (BB-/Negative), a
Mexican fixed-line operator.
When compared with integrated investment-grade operators, such as
Empresa Nacional de Telecomunicaciones (BBB/Stable) and Colombia
Telecomunicaciones, S.A. E.S.P. (BBB-/Stable), Millicom has
stronger profitability but with a somewhat weaker leverage profile.
Millicom is rated below these operators due in part to its
operating environments and the sources of its dividends, as well as
its weaker leverage profile.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within the Rating Case for the Issuer
Include:
- Low-single-digit revenue growth in 2023, due mainly to pricing
pressure in mobile, low-to-mid-single-digit revenue growth
thereafter;
- Stable EBITDA margins in the 34% range;
- Average capex/sales (including spectrum) of 18% over the medium
term;
- No material shareholder distributions in the short term.
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade
- Material and consistent dividends from Millicom's subsidiaries in
Colombia and Panama;
- An acquisition of EPM's ownership position in UNE EPM;
- Total adjusted net debt/EBITDAR of 2.5x or below over the rating
horizon.
Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade
- Consolidated total adjusted net debt/EBITDAR at 3.5x or above;
- Holding company debt/upstream dividends received consistently
above 4.5x;
- A downgrade to Guatemala's Country Ceiling;
- A change in financial policy could have negative implications for
Millicom's ratings.
LIQUIDITY AND DEBT STRUCTURE
Strong Liquidity Profile: Millicom has a strong liquidity position,
with a large cash position that fully covers short-term debt. As of
Sept. 30, 2022, the consolidated group's readily available cash was
USD884 million, which adequately covers its reported short-term
debt obligations of USD129 million. Additionally, the company has a
USD600 million undrawn revolving credit facility. Fitch does not
foresee any liquidity problem for both the operating companies and
the holding company, given the operating companies' stable cash
generation and consistent cash upstreaming to the holding company.
Millicom has a solid track record in terms of access to capital
markets when in need of external financing, further supporting its
liquidity management.
ISSUER PROFILE
Millicom International Cellular S.A. is a diversified telecom
operator with operations in nine countries across Latin America
operating under the Tigo brand. The company provides B2C mobile
services, B2C fixed telephony, pay TV and broadband services, B2B
fixed and mobile services, and mobile finance solution services.
SUMMARY OF FINANCIAL ADJUSTMENTS
- Standard lease adjustments.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Prior
----------- ------ -----
Millicom
International
Cellular S.A. LT IDR BB+ Affirmed BB+
LC LT IDR BB+ Affirmed BB+
senior
unsecured LT BB+ Affirmed BB+
TRAVELPORT FINANCE: $1.96B Bank Debt Trades at 42% Discount
-----------------------------------------------------------
Participations in a syndicated loan under which Travelport Finance
Luxembourg Sarl is a borrower were trading in the secondary market
around 58.3 cents-on-the-dollar during the week ended Friday,
February 10, 2023, according to Bloomberg's Evaluated Pricing
service data.
The $1.96 billion facility is a Term loan that is scheduled to
mature on May 29, 2026. The amount is fully drawn and outstanding.
Travelport Finance Luxembourg Sarl operates as a subsidiary of
Travelport Holdings Ltd. The Company's country of domicile is
Luxembourg.
=====================
N E T H E R L A N D S
=====================
COLUMBUS FINANCE: EUR350M Bank Debt Trades at 19% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Columbus Finance BV
is a borrower were trading in the secondary market around 81.4
cents-on-the-dollar during the week ended Friday, February 10,
2023, according to Bloomberg's Evaluated Pricing service data.
The EUR350 million facility is a Term loan that is scheduled to
mature on February 27, 2027. The amount is fully drawn and
outstanding.
Columbus Capital BV operates as a tour operator. The Company's
country of domicile is the Netherlands.
EAGLE INTERMEDIATE: Moody's Lowers CFR & Alters Outlook to Negative
-------------------------------------------------------------------
Moody's Investors Service has downgraded Eagle Intermediate Global
Holding B.V.'s (d/b/a The LYCRA Company) Corporate Family Rating to
Caa2 from Caa1, Probability of Default Rating to Caa2-PD from
Caa1-PD and the company's senior secured notes to Caa2 from Caa1.
Its Speculative Grade Liquidity Rating (SGL) is downgraded to SGL-4
from SGL-3. The rating outlook is changed to negative from stable.
"The rating downgrade reflects the company's tight liquidity,
near-term refinancing risk and weak earnings outlook. Although
spandex demand will gradually recover with China's reopening this
year, the company's liquidity isn't likely to improve in the near
future given the expected weak cash flow and one-off expenses.
Refinancing risk is high for its EUR250 million senior secured
notes due in May 2023. Poor credit metrics, inadequate liquidity
and upcoming debt maturity will likely result in a financial
restructuring," said Jiming Zou, a Moody's Vice President and Lead
Analyst for The LYCRA Company.
The governance factor is a key rating driver. The company's ability
to refinance its maturing debt has been compromised by its
substantial debt burdens, recent earnings deterioration, the
cyclical spandex industry and unfavorable financial market
conditions.
Downgrades:
Issuer: Eagle Intermediate Global Holding B.V.
Corporate Family Rating, Downgraded to Caa2 from Caa1
Probability of Default Rating, Downgraded to Caa2-PD
from Caa1-PD
Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
SGL-3
Backed Senior Secured Regular Bond/Debenture, Downgraded to
Caa2 (LGD4) from Caa1 (LGD4)
Outlook Actions:
Issuer: Eagle Intermediate Global Holding B.V.
Outlook, Changed To Negative From Stable
RATINGS RATIONALE
The LYCRA Company's Caa2 CFR reflects its high debt leverage at
about 10x at the end of 2022, weak cash flow generation and
near-term debt maturity. The company's earnings weakened in the
second half of 2022 as a result of lower demand and price declines
driven by China's COVID policies, destocking in the apparel
industry and recessionary concerns in the advanced economy.
Pressure on earnings will continue in early 2023 given the wide
price gap between LYCRA branded spandex and generic spandex.
Although demand will recover with China's reopening, tight
liquidity presents a risk to working capital deployment, which in
turn could impact production and sales volumes in 2023.
A financial restructuring looks likely given the inadequate
liquidity, high debt leverage and upcoming debt maturity. The
company reported total cash of $45 million and zero availability
under its $100 million revolver (unrated) at the end of September
2022. Liquidity improved slightly at the year-end 2022 due to
working capital release and other cash support initiatives.
However, reduced free cash flow is likely to challenge cash
reserves in early 2023. A large share of the company's debt will
mature in three months. The company's debt capital mainly comprises
$100 million revolving credit facility due in March 2023, EUR250
million senior notes due May 2023 and $690 million senior notes due
May 2025.
Litigation in China with its former owner continues to carry a
negative effect on the company's credit profile. The maximum
residual risk from the legal disputes with its former owner Ruyi is
estimated at about $80 million by the LYCRA Company, which is
aggressively defending itself in this case.
The LYCRA Company's credit profile is supported by its market
leadership in the spandex industry with well-known brands and its
long-term relations with textile mills and garment manufacturers.
Its premium LYCRA(R) fiber brand spandex, including LYCRA HyFit(R)
fiber for diapers, account for slighly more than 75% of total
sales. The company's continuous R&D efforts, pricing actions,
ability to launch new products and strategic plan to shift product
mix to higher-margin spandex will support its margins against
generic competition and cost inflations. The company's new
ownership by Asia investment companies is a positive to former
ownership.
The negative outlook reflects Moody's expectation of weak liquidity
and a likely financial restructuring to address its debt maturities
and high debt leverage.
The rating has also taken into account environmental, social and
governance factors. The LYCRA Company's aggressive financial
leverage and legal disputes with its prior owner have a negative
effect on the rating. The spandex fiber has been one of the sectors
severely affected by the global pandemic given its sensitivity to
textile and apparel manufacturing. Additionally, the production
facilities of spandex process hazardous materials, produces wastes
and are subject to environmental, health and safety laws and
regulations.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
The rating could be upgraded, if the company successfully extends
its debt maturities and improves its earnings and liquidity.
The rating could be downgraded, if the company's liquidity
deteriorates further or the company fails to refinance its maturing
debt. A distressed exchange would be considered a default under
Moody's definition.
Eagle Intermediate Global Holding B.V. (The LYCRA Company) is a
leading producer of man-made fibers, including spandex, polyester
and nylon, which are used by many apparel brands. Its owns
well-known brands such as LYCRA(R)fiber, ELASPAN(R) fiber,
COOLMAX(R) and THERMOLITE(R), each of which provides garments with
desired functional performance. The company operates eight wholly
owned manufacturing and processing facilities in North America,
Europe, Asia and South America. In 2021, it generated about $1.2
billion in revenues. The LYCRA Company is owned fully by a group of
investors comprised of Lindeman Asia, Lindeman Partners Asset
Management, Tor Investment Management, and China Everbright
Limited.
The principal methodology used in these ratings was Chemicals
published in June 2022.
===========================
U N I T E D K I N G D O M
===========================
ALBION HOLDCO: Fitch Affirms LongTerm IDR at 'BB-', Outlook Stable
------------------------------------------------------------------
Fitch Ratings has affirmed Albion HoldCo Limited's Long-Term Issuer
Default Rating (IDR) at 'BB-'. The Outlook is Stable.
Fitch has also affirmed the senior secured notes issued by Albion
Financing 1 S.a.r.l and the senior secured term loan issued by
Albion Financing 3 S.a.r.l. at 'BB+'/'RR2', and the senior
unsecured debt issued by Albion Financing 2 S.a.r.l. at
'BB-'/'RR4'.
The rating reflects Albion's strong market share in the global
temporary power and energy services sector, which supports its
resilient and strong profitability. The company also benefits from
wide geographical and end-customer diversification, with its
largest revenue contribution coming from North America (29% of
revenues in 2021), which mitigates exposure to volatility in any
particular sector or customer.
Albion's strong business profile is offset by a highly leveraged
financial structure, which is in line with a 'B' rating.
KEY RATING DRIVERS
Acquisitions Complement Business Profile: Albion announced two
separate acquisitions in December 2022: UK-based Crestchic plc for
GBP122 million, to be funded by new equity provided equally by
Aggreko's two major shareholders; and US-based Resolute Industrial
for approximately USD440 million, to be financed by new secured
debt facilities. Resolute Industrial is a North American provider
of specialised heating, ventilation, and cooling (HVAC) solutions.
Crestchic designs, manufactures, sells, and rents resistive and
reactive load banks used for power supply testing during
commissioning and maintenance.
In Fitch's view, the acquisitions complement Albion's business
portfolio and should help the company achieve its goal of pursuing
high-growth end markets and increasing its market share in
developed markets, namely North America. Fitch does not anticipate
any negative credit implications from the acquisitions, which are
expected to be completed by early 1Q23.
Cost Initiatives Drive Strong Profitability: Albion's operational
performance was better than Fitch expected in 2021 and during 9M22.
This was due to the post-pandemic recovery of underlying markets,
overall increases in energy demand and the cost-savings initiatives
the company introduced at the start of the pandemic. The company
has also benefited from seasonal event-based projects, including
successful completion of the Tokyo Olympics, Paralympics and
Beijing Olympics.
The key cost initiatives included exiting some lower return
projects, depots and geographies in the power solutions - utility
division and an organisational structure review, which management
expects will reduce headcount and overhead costs and free up fleet
to be deployed elsewhere. The use of data analytics and predictive
maintenance should also continue to drive down service material
costs, addressing functional costs across finance, HR and IT,
continuing to focus on discretionary costs such as
travel/professional fees and removing costs no longer required as a
private business.
High Leverage Constrains Ratings: Fitch estimates that EBITDA
leverage was around 4.6x at the end of 2022, which is more in line
with the 'B' category for the sector. However, Fitch expects
leverage to gradually improve to around 3.0x by the end of 2025 as
a result of continued EBITDA improvement, through synergies and
cost initiatives. Fitch forecasts that the EBITDA margin will have
been around 32% by end-2022 and will continue to rise to around 39%
by 2025.
FCF Pressured in Medium Term: Fitch anticipates some pressure on
free cash flow (FCF) generation in the medium term as a result of
the company's business strategy of expanding its existing fleet
while gradually replacing diesel engines with gas engines. The
company has set aside significant, albeit discretionary, capital
spending for the next few years to support its expansion plans,
amounting to an average of around 16% of revenues over its forecast
period. Working capital pressure driven by increased activity
levels, additional fuel inventories in Brazil, and inventory held
to support capex build programme will also pressure FCF.
Sale of Eurasia Business: The company announced on 1 March 2022 its
intention to sell its Eurasia business, which operates primarily in
Russia and has been operating on a standalone basis since then.
According to management, the Eurasia business has sufficient cash
resources to continue operating without any additional funding or
assets for the Aggreko group until it is sold. In 2021, the Eurasia
business generated approximately 4% (GBP70 million) of the group's
revenue. Management anticipates that the business will be sold in
2023.
Attractive Underlying Market: With an ageing electrical
infrastructure in most countries as well the transition to
renewable energy sources, Fitch believes that the market has
long-term attractive structural drivers and is a resilient one.
Global electricity demand is expected to grow by around 70% by 2025
to 37,000 terawatt hours, according to global market reports,
driven by an increasing global population (+60% between 2000-2050),
and the continued trend of urbanisation.
The structural gap between demand and supply of power is also
consistently growing as governments remain reluctant to bridge the
power gap, due to the large financial investment outlay required
and the hesitation to invest in fossil fuel-based power plants in
the middle of the energy transition.
DERIVATION SUMMARY
Albion's rating reflects the company's global leading position in
the provision of temporary power and energy services sector, which
has supported strong profitability and FCF generation. The rating
profile also considers the relative short-term nature of the
company's underlying contract length. Profitability generation has
resumed to pre-pandemic levels and is forecast to continue to grow,
aided by underlying markets, cost-savings initiatives and recent
acquisitions.
Albion's revenue is slightly higher then Boels Topholding B.V.
(BB-/Stable) and BCP V Modular Services Holdings III Limited
(B/Stable) but less than half of Ashtead Group plc (BBB/Stable).
Albion's EBITDA margin is in line with Boels and Modulaire.
Allowing for the recent acquisitions, forecast EBITDA leverage will
be in between Boels and Modulaire.
KEY ASSUMPTIONS
- Fitch has factored in mid-single digit revenue growth after 2023,
driven by the resumption of global events in line with the recovery
from the pandemic and overall increases in energy demand.
- Fitch expects the consolidated EBITDA margin to improve
throughout its forecast horizon following the number of key
cost-savings initiatives the company has launched, focus on pricing
opportunities and potential synergies stemming from acquisitions.
- Fitch has assumed no dividend distribution in line with
management expectations throughout its forecast period.
- Fitch has assumed capex in line with management's expectations
throughout its forecast period
- Fitch has assumed that the acquisitions of Resolute and Crestchic
will be finalised by 1Q23
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- EBITDA leverage below 4.0x on a sustained basis
- EBITDA interest coverage above 6.0x
- Improvement of FCF margin above 3%
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- EBITDA leverage above 5.0x
- EBITDA interest coverage below 4.0x
- FCF below 1%
LIQUIDITY AND DEBT STRUCTURE
Adequate Liquidity: At end-September 2022, Albion had total cash on
hand of GBP172 million (excluding the GBP42 million cash at
discontinued operations in Eurasia). Albion has access to a GBP300
million revolving credit facility, of which GBP153 million remains
undrawn. Albion has no short-term refinancing risk as its first
debt maturity is in 2026.
ISSUER PROFILE
Albion Holdco Limited is the owner of UK-based temporary power and
energy supply provider, Aggreko plc.
Aggreko provides mobile modular power, temperature control and
energy services across 170 locations in 80 countries. The company
operates through two complementary business units: transactional
rental and power projects, which share fleet and infrastructure.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Albion Financing 3
S.a.r.l.
senior secured LT BB+ Affirmed RR2 BB+
Albion Financing 2
S.a.r.l.
senior unsecured LT BB- Affirmed RR4 BB-
Albion HoldCo
Limited LT IDR BB- Affirmed BB-
Albion Financing 1
S.a.r.l
senior secured LT BB+ Affirmed RR2 BB+
GENESIS SPECIALIST: EUR400M Bank Debt Trades at 70% Discount
------------------------------------------------------------
Participations in a syndicated loan under which Genesis Specialist
Care Finance UK Ltd is a borrower were trading in the secondary
market around 29.9 cents-on-the-dollar during the week ended
Friday, February 10, 2023, according to Bloomberg's Evaluated
Pricing service data.
The EUR400 million facility is a Term loan that is scheduled to
mature on October 31, 2025. The amount is fully drawn and
outstanding.
Genesis Specialist Care Finance UK Limited provides diagnostic and
medical treatments. It is a 100%-owned and guaranteed subsidiary of
GenesisCare. The Company's country of domicile is the United
Kingdom.
LOVE HEMP: Enters Administration Amid Legal Issues
--------------------------------------------------
Abby Amoakuh at Alliance News reports that Love Hemp Group PLC, a
London-based consumer goods company focused on CBD health and
wellness solutions, has appointed Paul Cooper and Jamie Taylor of
Begbies Traynor Group PLC as administrators.
According to Alliance News, the company expects to lose major
contracts and does not expect them to continue beyond
administration.
The company explains that revenue in the second quarter that ended
Dec. 31 was down 37% compared to the first quarter, Alliance News
discloses. It says that January sales have also dropped by 66%
year-on-year, Alliance News states.
It says it faced "significant" legal issues that hurt day-to-day
running, Alliance News notes. It adds that negative media
statements "hindered" its efforts to secure the necessary funding
for its operations, Alliance News relays. It says that it also
uncovered some "questionable invoices", which will ultimately need
to be investigated and recovered, according to Alliance News.
Love Hemp shares are currently suspended on Aquis, Alliance News
relates.
METNOR CONSTRUCTION: Files Notice to Appoint Administrators
-----------------------------------------------------------
Jonathan Knott at Construction News reports that Newcastle-based
contractor Metnor Construction has filed a notice of intent to
appoint administrators.
According to its most recent accounts for the year to December 31,
2021, Metnor's turnover was GBP62.6 million, with a pre-tax profit
of GBP942,000 and 65 employees, Construction News discloses.
PLATFORM BIDCO: GBP417.5M Bank Debt Trades at 18% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Platform Bidco Ltd
is a borrower were trading in the secondary market around 81.8
cents-on-the-dollar during the week ended Friday, February 10,
2023, according to Bloomberg's Evaluated Pricing service data.
The GBP417.5 million facility is a Term loan that is scheduled to
mature on September 23, 2028. About GBP258.1 million of the loan
is withdrawn and outstanding.
Platform Bidco Ltd is a UK entity incorporated in April 2021 for
the acquisition of Valeo Foods Group Ltd, an Irish headquartered,
leading producer and distributor of branded and non-branded ambient
food products. The Company's country of domicile is the United
Kingdom.
RYMAN: Directors Express Going Concern Doubt
--------------------------------------------
Sarah Butler at The Guardian reports that the former Dragons' Den
panellist Theo Paphitis says retailers are facing "one of the most
complex balancing acts ever", as two of his retail businesses face
"material uncertainty" about remaining going concerns after being
forced into the red by the Covid crisis.
According to The Guardian, his Ryman stationery chain is struggling
to refinance a GBP10 million government-backed loan, half of which
is due to be repaid in March, after reporting a GBP2 million
pre-tax loss in the year. The loss narrowed from GBP13.2 million a
year earlier after sales increased almost 40% to GBP105.6 million
thanks to the easing of pandemic restrictions, The Guardian
discloses.
However, in accounts filed at Companies House, Ryman's directors
said there was "material uncertainty that may cast significant
doubt of the company's ability to continue as a going concern" if
the company was not able to extend its banking facilities and sales
growth or planned cost savings fell below expectations, The
Guardian notes.
Mr. Paphitis's Boux Avenue lingerie retail chain also faces
"material uncertainty" despite a 43% jump in sales to GBP67
million, because it has net liabilities of GBP90 million and made a
GBP1.5 million loss, The Guardian states.
The former Dragon said Ryman had a 25-year relationship with
NatWest, the bank behind its coronavirus business interruption Loan
(CBIL), and he did not expect difficulties in extending the term
and if necessary it could be repaid, according to The Guardian.
The entrepreneur said negotiations had largely been held up by a
requirement for government approval to extend a CBIL, The Guardian
relays.
Mr. Paphitis, The Guardian says, has promised to help support
Ryman, into which he pumped about GBP8 million during the pandemic,
and Boux Avenue.
He said Ryman was taking longer to bounce back from the pandemic
than his other retail businesses as many of its stores were in city
centre locations that were suffering from the shift to working from
home, The Guardian recounts.
SOPHOS INTERMEDIATE I: Fitch Affirms 'B' LongTerm IDR
-----------------------------------------------------
Fitch Ratings has affirmed Sophos Intermediate I Limited's (Sophos)
Long-Term Issuer Default Rating (IDR) at 'B' and first-lien secured
facilities' rating at 'B' with a Recovery Rating of 'RR4'. The
Outlook on the IDR is Stable.
Sophos's ratings reflect its high leverage, as well as its strong
position in end-point and network security solutions for
small-to-medium-sized businesses (SMB) and the middle-market
segment. The company continues to demonstrate strong performance on
the back of favourable industry trends as demand for cybersecurity
services remains strong.
Fitch expects EBITDA leverage (Fitch-defined) to decline (from 8.0x
at financial year ended 31 March 2022; FY22) to 6.9x by FY25.
Sophos's increased efforts in managed services sales may put modest
pressure on margins but this will be compensated by industry
growth, organic revenue growth and greater customer loyalty
supporting recurring revenues. Furthermore, Fitch expects EBITDA
interest coverage (Fitch-defined) and CFO-capex/total debt
(Fitch-defined) to remain within the thresholds for the 'B' rating,
albeit weaker than previously forecasted, partly driven by higher
cash interest costs as a result of higher base interest rates.
KEY RATING DRIVERS
Gradual Deleveraging: Sophos had high single digit revenue growth
in 1HFY23, and Fitch forecasts similar growth for FY23, with a
EBITDA margin (Fitch-defined) of 21.8%, resulting in EBITDA
leverage of 8.1x. Leverage was negatively affected by a
disproportionate foreign-exchange impact on EBITDA due to the US
dollar strengthening against the euro and pound sterling during
mid-to-late 2022, with some hedging benefit from the
euro-denominated debt.
Fitch expects high single-digit revenue growth in FY24-FY26,
supported by underlying strong growth in cybersecurity services,
pricing uplifts and a stable EBITDA margin of around 21%. Fitch
believes this will support EBITDA deleveraging to 6.9x by FY25.
Using additional free cash flow (FCF) to prepay debt could help
accelerate deleveraging.
Managed Services Drives Strategic Focus: Managed services,
including Managed Threat Response (MTR) and Rapid Response (RR),
are a key strategic focus for Sophos and are likely to be the
fastest-growing segments over the next few years as demand for 24/7
professional support is particularly high among SMBs, where company
can rarely afford a dedicated cybersecurity team. An increasing
share of revenues from managed services should also increase
customer loyalty, in its view. However, the segment may put modest
pressure on Sophos's margin as managed services require more
support staff.
Stable FCF Generation: Sophos has a stable cash-generative business
model, driven by a high portion of recurring revenues and EBITDA;
however, Fitch expects some pressure on Fitch-defined FCF in
FY23-FY24, driven by higher cash interest costs and, to a lesser
extent, non-recurring costs incurred as part of cost-optimisation
initiatives. Fitch forecasts FCF margin (Fitch-defined) to be
between 5% and 8% in FY23-FY24, which is solid for the rating,
before improving in FY25-FY26 to a more normal level of low teens.
Higher Cash Interest Costs: Fitch models higher cash interest costs
than in FY22 on the back of multiple base rate rises in the US and
the eurozone. Fitch's Global Economic Outlook forecasts US base
rates to reach 5% by end-2023 (eurozone rates: 3%) before reducing
to 3.5% in 2024 (eurozone: 2%). Fitch expects policy rates to
reduce as inflation slows; however, Sophos' cash interest costs
will remain higher than historical averages as interest rates on
Sophos's debt are unhedged.
Tough Macroeconomic Climate, Defensive Properties: Fitch forecasts
GDP growth of 0.2% in the US and the eurozone, and a recession of
negative 1.2% in the UK, Sophos' core markets, driven by inflation,
tight financing conditions and lagged effects from political
conflicts. While supply-chain difficulties caused by the pandemic
in China are receding, Fitch expects corporate spending power to be
weakened, with the SMB sector particularly exposed.
However, given the critical nature of core cybersecurity
infrastructure and enduring partnerships with vendors, Fitch
expects the B2B segment to be fairly resilient to any significant
downturn. Potential risks for Sophos include reduced upselling
opportunities, delays in winning new business, and margin pressure
from cost inflation.
M&A Strategy Remains Neutral: Fitch views the acquisition made by
Sophos in 2022 as largely neutral for leverage as it was
cash-funded. Such deals are important for the operating profile as
they allow Sophos to enhance its products via technology and
expertise acquisition, supporting customer loyalty and revenue
growth.
Fitch believes that similar transactions are likely as the company
continues to generate healthy FCF. The impact of debt-funded
acquisitions, if any, will depend on EBITDA accretion from such
transactions. Fitch expects the use of excess cash to fund
additional bolt-on M&A instead of debt pre-payment or dividends.
The history of the rated software companies in a leveraged buyout
by Thoma Bravo shows a preference towards cash reinvestments in
value growth over dividends.
Supportive Industry Trends: Market studies forecast continued
growth in the cybersecurity market over the next five years at
compound annual growth rates in the low double digits. While the
addressable overall IT security market has been growing, the share
of legacy security software contribution developed by legacy
vendors has been declining, with small niche-solution providers
taking a larger combined share. The continuing digitalisation of
various industries, expansion of IT applications, and the
protection of data and IT networks against threats support the
growth of the cybersecurity market.
Strong Market Positions: Sophos has leading positions in its
key-market segments of end-point security and network security, as
indicated by high scores from market research firms such as
Gartner, Inc. and Canalys and customer ratings for its products. It
is perceived as a leader in most industry rankings, which Fitch
believes positively affects customers' decisions when choosing a
cybersecurity vendor. This results in strong customer growth and
high revenue retention rates exceeding 100% and demonstrates
Sophos' ability to retain subscribers and upsell additional
products.
Fragmented Industry: The cybersecurity industry remains fragmented,
with a large number of vendors focusing on different products,
which often results in several different vendors being used by a
single company. New technologies are continually being developed
and deployed to address ever-evolving threats, resulting in
frequent new entrants.
DERIVATION SUMMARY
Sophos's ratings are supported by its strong position in the cyber
security market for the SMB and mid-market segments. Fitch expects
this to be maintained as an increasing share of the company's
revenue comes from next-generation products and managed services.
Sophos benefits from a large and diversified end-customer base,
high end-customer retention rates and a substantial share of
subscription-based revenues.
Sophos's operating profile compares well with that of other
mid-sized cyber security companies, in particular Imperva Inc.
(B-/Negative) although Sophos benefits from lower leverage. Strong
cash flow generation, supported by healthy deleveraging capacity
from EBITDA growth, allows Sophos to operate with a relatively high
leverage for the rating. Larger cyber security companies such as
Gen Digital Inc. (BB+/Negative) and Citrix Systems, Inc. (not rated
by Fitch) benefit from their larger scale and have notably lower
leverage.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer
- Revenue growth at CAGR of 7.8% in FY23-FY26, supported by
industry growth and growth in managed services
- Fitch-defined EBITDA margin at 21.8% in FY23, declining to 20% by
FY26 due to an increasing share of lower-margin managed-services
revenue
- Changes in deferred revenue included above FFO at around USD50
million in FY23 and around USD75 million per year in FY24-FY26
- Capex at around 2.0% of revenue in FY23-FY26
- Annual working-capital outflow to sales of 2.0% in FY23-FY26
- Bolt-on M&A of USD40 million in FY23 and USD25 million per year
in FY24-FY26
Key Recovery Assumptions
The recovery analysis assumes that Sophos would be reorganised as a
going-concern (GC) in bankruptcy rather than liquidated.
- Fitch estimates that the post-restructuring going concern (GC)
EBITDA (Fitch-defined) would be around USD165 million. Fitch would
expect a default to come from a secular decline. or a drop in
revenue and EBITDA following reputational damage or intense
competitive pressure. The GC EBITDA is 28% lower than the expected
Fitch-defined FY23 EBITDA of EUR230 million (which factors in
continued market growth and some likely cost reductions).
- An Enterprise Value multiple of 6.5x is applied to the GC EBITDA
to calculate a post-reorganisation EV. The multiple is higher than
the median Technology, Media and Telecoms EV multiple, but is in
line with other similar software companies that exhibit strong FCF
characteristics. The historical bankruptcy case study
exit-multiples for peer companies ranged from 2.6x to 10.8x, with a
median of 5.3x. However, software companies demonstrated higher
multiples (4.6x-10.8x). The post-restructuring EBITDA accounts for
Sophos's scale, its customer and geographical diversification, as
well as the company's exposure to secular growth in the cyber
security market.
- 10% of administrative claims have been taken off the EV to
account for bankruptcy and associated costs and the revolving
credit facility (RCF) is assumed to be fully drawn, as per Fitch's
criteria.
Its waterfall analysis generates a ranked recovery for the senior
secured debt in the 'RR4' band, indicating a 'B' rating assigned to
the group's USD and EUR term loans, in line with the IDR. The
waterfall analysis output percentage on current metrics and
assumptions is 49%.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- Fitch's expectation of EBITDA leverage below 6.0x on a sustained
basis;
- (Cash from operations-capex)/total debt with equity credit
consistently above 7.5%; and
- EBITDA interest coverage consistently above 2.5x
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- A weakening market position, as evidenced by slowing revenue
growth or increasing customer churn;
- Fitch's expectation of EBITDA leverage above 7.5x on a sustained
basis;
- (Cash from operations-capex)/total debt with equity credit below
5% on a sustained basis; and
- EBITDA interest coverage below 1.5x on a sustained basis
LIQUIDITY AND DEBT STRUCTURE
Comfortable Liquidity: Sophos reported a cash balance around USD215
million at September 2022, and Fitch estimates around USD210
million at end-March 2023. It also has an undrawn USD125 million
RCF, maturing in 2025.
Fitch expects liquidity to remain comfortable, as Sophos typically
benefits from a cash-generative business model, demonstrated by
positive FCF generation and a prudent approach to cash management.
However, Sophos' interest on its debt is variable, and therefore
Fitch expects cash interest costs to increase as a result of higher
base rates, putting some pressure on FCF, particularly in FY23 and
FY24. The RCF is due in 2025 and the amortising senior secured term
loans are due in 2027.
ISSUER PROFILE
Sophos is a global leader in next-generation cybersecurity
solutions, spanning end-point and next-generation firewall, cloud
security, server security, and managed threat response.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Sophos Holdings
S.A.R.L.
senior secured LT B Affirmed RR4 B
Sophos Intermediate
I Limited LT IDR B Affirmed B
Sophos Holdings,
LLC
senior secured LT B Affirmed RR4 B
STR LOGISTICS: DCL Acquires Business Out of Administration
----------------------------------------------------------
Andrew Arthur at BusinessLive reports that Devon transport firm STR
Logistics has been sold, securing 144 jobs.
The Exeter-based business and its assets have been acquired by
Devon & Cornwall Logistics Limited (DCL) for an undisclosed sum,
BusinessLive discloses.
Insolvency practitioner SFP, which documents filed on Companies
House show was appointed last month, confirmed STR was in
administration at the time of the sale, BusinessLive relates.
According to BusinessLive, administrators said a combination of
rising costs, including fuel and wages, a shortage of available
spare parts, increased lead time for vehicles and the general
downturn of the economy, led to "numerous trading difficulties and
the accumulation of creditor arrears".
Professional guidance was sought in December 2022, and after
options were considered for the business, a marketing campaign was
undertaken to source a buyer as part of a restructure, with the
deal with DCL completed on Jan. 31, BusinessLive recounts.
Anthony Quinn, who is DCL's chief executive, said that the new
company would continue to trade under the banner, BusinessLive
notes.
David Kemp, joint administrator at SFP, says that in the face of
"very difficult circumstances" the sale achieved a "constructive
outcome", BusinessLive relays.
"The impact of record inflation and other economic constraints
placed enormous pressure on STR logistics, which sustained
irretrievable damage as a result," BusinessLive quotes Mr. Kemp as
saying.
Founded in 2002 by Steven Richardson, STR provides home deliveries,
pallet distribution and secure freight handling services across the
South West.
WORCESTER WARRIORS: RFU, Administrators in Dispute Over Takeover
----------------------------------------------------------------
Robert Dineen at MailOnline reports that Worcester Warriors'
controversial takeover has sparked a dispute between the RFU and
the club's administrators.
According to MailOnline, the Rugby Football Union criticised
administrators Begbies Traynor's decision to approve Worcester's
buyers before they passed the ruling body's fit and proper persons'
test.
The RFU, as cited by MailOnline, said they were surprised that Jim
O'Toole's Atlas consortium had been able to sign a deal to purchase
the club and its assets without the due diligence being completed.
Domestic rugby chiefs said they had understood that all three
bidders would be given the opportunity to meet the fit and proper
persons' test and were taken aback when a deal was signed without
them being notified, MailOnline notes.
Mr. O'Toole, the club's chief executive, submitted his bid for a
second time after failing to meet the RFU's criteria in December,
MailOnline relates.
He told MailOnline that he was confident the problems would be
cleared up this time round, MailOnline relays. He added that he
felt the ruling body had 'overreached' themselves with the
conditions laid down for prospective buyers, according to
MailOnline.
Mr. O'Toole also dismissed the suggestion that he could potentially
asset-strip the club now that his consortium owned Sixways Stadium,
the land around it and the club, MailOnline discloses.
The stadium and the land went into receivership while the club went
into administration, an important distinction as the RFU is only
involved in the sale of the club, MailOnline recounts.
It can decide whether Worcester plays professional rugby in the
Championship next season. But the club brand and its assets will
remain Mr. O'Toole's regardless of the RFU's decision, MailOnline
states.
According to MailOnline, it is understood that the key sticking
points related to the source of Mr. O'Toole's funding and the fact
that his consortium were not prepared to meet a commitment not to
dispose of land around the stadium without approval.
"The RFU is also concerned by a previous public statement from the
bidders that they are prepared to acquire the site and develop it
without a rugby offering," MailOnline quotes the RFU as saying.
"The RFU cannot prevent a sale of the assets of the club."
Mr. O'Toole has been given until Feb. 14 to comply with the RFU
takeover conditions, MailOnline states.
WORCESTER WARRIORS: Won't Apply to Play in Championship
-------------------------------------------------------
Mitch Phillips at Reuters reports that Worcester Warriors, who were
suspended from English rugby's Premiership in September, will not
apply to play in the Championship and will merge with fourth-tier
side Stourbridge and rebrand as "Sixways Rugby", the owners said on
Feb. 9.
The club were thrown out of the Premiership after going into
administration and had a Feb. 14 deadline to meet various RFU
criteria to play in the second-tier Championship, Reuters
discloses.
According to Reuters, the Atlas group were made the preferred
bidders by the administrators but Jim O'Toole of Atlas told the BBC
that some of the RFU demands for a Championship return were "too
onerous" and unacceptable to the investors. "It would have given
the RFU control over decisions that we as a business will have to
take," Reuters quotes Atlas as saying.
"This decision will clearly upset and annoy a number of people. The
sad fact of life is that the Worcester Warriors brand and the
Worcester Warriors business is gone. We didn't want to go down to
the 10th tier as Worcester Warriors, so the name sadly will
disappear. We are rebranding as Sixways Rugby (the name of the
club's current ground). We're starting afresh. We believe it is
time for a new start."
The merger with semi-professional club Stourbridge is subject to a
vote from the lower league club's members, and would require RFU
approval, but if it goes ahead, it would appear to mean that
Worcester's new owners would avoid having to pay millions of pounds
owed to creditors, including former players and employees, Reuters
states.
The RFU said that their priority had always been to enable
Worcester Warriors to play in the Championship and Worcester
Warriors Women in the Premier 15s "in a sustainable way", Reuters
notes.
"The information required has been asked for repeatedly and
deadlines were extended to provide the best possible chance for
this to happen," the governing body said in a statement.
"The RFU will now consult with the local rugby community over the
proposed relocation of Stourbridge and the change of name.
"The RFU maintains its commitment to running the Midlands academy
which it took over in November and the continuation of Worcester
Warriors Women."
ZEPHYR BIDCO: GBP180M Bank Debt Trades at 23% Discount
------------------------------------------------------
Participations in a syndicated loan under which Zephyr Bidco Ltd is
a borrower were trading in the secondary market around 77.1
cents-on-the-dollar during the week ended Friday, February 10,
2023, according to Bloomberg's Evaluated Pricing service data.
The GBP180 million facility is a Term loan that is scheduled to
mature on July 12, 2026. The amount is fully drawn and
outstanding.
Zephyr Bidco Limited provides Internet-based services. The
Company's country of domicile is the United Kingdom.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week February 6 to February 10, 2023
--------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- ------- -----
B2W Digital Lux Sarl 4.3750 12/20/2030 USD 15.030
Atento Luxco 1 SA 8.0000 2/10/2026 USD 27.067
JSM Global Sarl 4.7500 10/20/2030 USD 16.365
Republic of Austria 0.8500 6/30/2120 EUR 41.637
Vedanta Resources Lt 6.1250 8/9/2024 USD 72.239
Mitsubishi UFJ Inves 6.3980 12/15/2050 EUR 49.002
Gol Finance SA 7.0000 1/31/2025 USD 48.300
Cimpress PLC 7.0000 6/15/2026 USD 70.708
Tullow Oil PLC 7.0000 3/1/2025 USD 71.653
United Kingdom Gilt 0.5000 10/22/2061 GBP 36.040
Orpea SA 2.6250 3/10/2025 EUR 27.523
Movida Europe SA 5.2500 2/8/2031 USD 68.252
Grand City Propertie 1.5000 EUR 51.725
Casino Guichard Perr 3.9920 EUR 22.334
Heimstaden AB 6.7500 EUR 53.465
Simpar Europe SA 5.2000 1/26/2031 USD 68.890
Aroundtown SA 1.6250 EUR 39.623
DIC Asset AG 2.2500 9/22/2026 EUR 71.894
Orpea SA 2.0000 4/1/2028 EUR 26.985
ATF Netherlands BV 7.0780 EUR 60.504
Russian Railways Via 2.1000 10/2/2023 CHF 64.330
Casino Guichard Perr 3.6370 EUR 18.875
Citycon Oyj 4.4960 EUR 60.801
Castellum AB 3.1250 EUR 71.835
Gol Finance SA 8.0000 6/30/2026 USD 57.304
AT Securities BV 5.2500 USD 56.000
French Republic Gove 0.5000 5/25/2072 EUR 39.015
Korian SA 1.8750 EUR 28.971
Aroundtown SA 2.1250 EUR 41.999
ADLER Group SA 2.2500 1/14/2029 EUR 42.537
Republic of Belarus 6.8750 2/28/2023 USD 37.653
Orpea SA 0.3750 5/17/2027 EUR 39.650
CECONOMY AG 1.7500 6/24/2026 EUR 68.824
Credit Suisse Group 4.5000 USD 66.350
Heimstaden AB 4.3750 3/6/2027 EUR 72.013
EnfraGen Energia Sur 5.3750 12/30/2030 USD 70.926
Gazprom PJSC via Gaz 3.8970 EUR 56.086
Trinseo Materials Op 5.1250 4/1/2029 USD 70.993
Heimstaden Bostad AB 3.6250 EUR 61.344
United Kingdom Gilt 0.6250 7/31/2035 GBP 69.922
Heimstaden Bostad AB 2.6250 EUR 61.726
Audax Renovables SA 4.2000 12/18/2027 EUR 59.394
VEON Holdings BV 3.3750 11/25/2027 USD 72.250
Foodco Bondco SA 6.2500 5/15/2026 EUR 40.300
Schoeller Packaging 6.3750 11/1/2024 EUR 67.294
Casino Guichard Perr 6.6250 1/15/2026 EUR 65.421
Korian SA 0.8750 3/6/2027 EUR 43.650
Carnival PLC 1.0000 10/28/2029 EUR 51.823
Russian Railways Via 2.2000 5/23/2027 EUR 55.671
B2W Digital Lux Sarl 4.3750 12/20/2030 USD 15.000
Banco Santander SA 3.6250 EUR 73.946
Gazprom PJSC Via Gaz 2.5000 3/21/2026 EUR 73.837
Ubisoft Entertainmen 0.8780 11/24/2027 EUR 74.604
Teva Pharmaceutical 4.1000 10/1/2046 USD 66.109
Casino Guichard Perr 5.2500 4/15/2027 EUR 63.125
Romanian Government 1.7500 7/13/2030 EUR 73.878
Metro Bank PLC 5.5000 6/26/2028 GBP 69.269
Credit Suisse Group 5.1000 USD 69.311
Rothschild & Co Cont 4.4375 USD 68.113
Gazprom PJSC Via Gaz 2.9490 1/24/2024 EUR 74.467
CTP NV 1.5000 9/27/2031 EUR 71.670
Air Baltic Corp AS 6.7500 7/30/2024 EUR 72.537
Idorsia Ltd 2.1250 8/4/2028 CHF 66.003
CPI Property Group S 1.7500 1/14/2030 EUR 64.790
Metalcorp Group SA 8.5000 6/28/2026 EUR 37.470
Samhallsbyggnadsbola 2.6240 EUR 41.266
Aroundtown SA 2.8750 EUR 47.629
Grand City Propertie 2.5000 EUR 57.455
Aroundtown SA 4.7500 GBP 53.074
MorphoSys AG 0.6250 10/16/2025 EUR 57.941
Kenbourne Invest SA 4.7000 1/22/2028 USD 71.684
Romanian Government 2.0000 1/28/2032 EUR 71.142
Gazprom PJSC via Gaz 3.0000 6/29/2027 USD 69.554
Hidrovias Internatio 4.9500 2/8/2031 USD 74.402
Serbia International 1.6500 3/3/2033 EUR 64.795
Credit Suisse Group 0.6250 1/18/2033 EUR 61.380
Citycon Oyj 3.6250 EUR 53.249
VTR Finance NV 6.3750 7/15/2028 USD 39.632
Gazprom PJSC Via Gaz 2.2500 11/22/2024 EUR 73.661
NAK Naftogaz Ukraine 7.1250 7/19/2024 EUR 20.347
Altice France Holdin 6.0000 2/15/2028 USD 69.754
Constellation Automo 4.8750 7/15/2027 GBP 71.688
Gazprom PJSC via Gaz 1.5000 2/17/2027 EUR 67.798
Aroundtown SA 3.3750 EUR 54.994
DNB Bank ASA 4.9849 USD 70.695
GOL Equity Finance S 3.7500 7/15/2024 USD 49.750
Signa Development Fi 5.5000 7/23/2026 EUR 74.775
Gazprom PJSC Via Gaz 4.3640 3/21/2025 EUR 74.937
Air France-KLM 0.1250 3/25/2026 EUR 16.731
Ukraine Government I 7.2530 3/15/2035 USD 18.467
Heimstaden AB 4.2500 3/9/2026 EUR 74.514
Aroundtown SA 0.3750 4/15/2027 EUR 74.519
Nobel Bidco BV 3.1250 6/15/2028 EUR 71.822
NAK Naftogaz Ukraine 7.6250 11/8/2026 USD 19.182
Accor SA 0.7000 12/7/2027 EUR 45.033
Heimstaden AB 8.7180 SEK 70.833
ams-OSRAM AG 2.1250 11/3/2027 EUR 73.058
Dignity Finance PLC 4.6956 12/31/2049 GBP 66.500
Rallye SA 4.3710 2/28/2032 EUR 4.020
Romanian Government 2.7500 4/14/2041 EUR 59.666
Union Fenosa Prefere 3.8520 EUR 68.875
Oscar Properties Hol 9.9990 7/5/2024 SEK 48.067
Serbia International 2.0500 9/23/2036 EUR 59.876
Rothschild & Co Cont 3.1100 EUR 68.012
Ukreximbank Via Biz 9.7500 1/22/2025 USD 39.075
Italy Buoni Polienna 1.5000 4/30/2045 EUR 60.958
Imperial Brands Fina 1.7500 3/18/2033 EUR 72.380
Balder Finland Oyj 2.0000 1/18/2031 EUR 70.078
Gazprom PJSC via Gaz 2.9500 1/27/2029 USD 67.905
Fuerstenberg Capital 5.6250 EUR 81.397
Casino Guichard Perr 4.0480 8/5/2026 EUR 63.353
EP Infrastructure AS 2.0450 10/9/2028 EUR 74.348
Hungary Government I 3.1250 9/21/2051 USD 62.115
Pro-Gest SpA 3.2500 12/15/2024 EUR 73.563
Hungary Government I 1.7500 6/5/2035 EUR 70.103
Castle UK Finco PLC 7.0000 5/15/2029 GBP 75.696
Canary Wharf Group I 3.3750 4/23/2028 GBP 74.218
Ukraine Government I 4.3750 1/27/2032 EUR 17.359
French Republic Gove 1.7500 5/25/2066 EUR 70.164
Aragvi Finance Inter 8.4500 4/29/2026 USD 72.984
Atos SE 1.0000 11/12/2029 EUR 68.273
Balder Finland Oyj 1.0000 1/20/2029 EUR 71.357
Gazprom PJSC Via Gaz 5.1500 2/11/2026 USD 74.452
Russian Railways Via 0.8980 10/3/2025 CHF 51.502
Ideal Standard Inter 6.3750 7/30/2026 EUR 50.053
Russian Railways Via 3.1250 CHF 14.300
La Banque Postale SA 3.0000 EUR 73.530
Korian SA 2.2500 10/15/2028 EUR 68.853
Kleopatra Holdings 2 6.5000 9/1/2026 EUR 55.750
Frigoglass Finance B 6.8750 2/12/2025 EUR 28.260
Rallye SA 4.0000 2/28/2032 EUR 2.922
Ukraine Railways Via 8.2500 7/9/2026 USD 21.340
CPI Property Group S 4.8750 EUR 47.776
Castellum Helsinki F 0.8750 9/17/2029 EUR 70.367
Romanian Government 4.0000 2/14/2051 USD 69.798
DNB Bank ASA 3.7164 USD 71.040
Eustream AS 1.6250 6/25/2027 EUR 71.790
JSM Global Sarl 4.7500 10/20/2030 USD 16.105
Ukraine Government I 6.7500 6/20/2028 EUR 17.818
NE Property BV 2.0000 1/20/2030 EUR 72.567
Grupo Antolin-Irausa 3.5000 4/30/2028 EUR 73.649
Liquid Telecommunica 5.5000 9/4/2026 USD 74.073
A2A SpA 1.0000 11/2/2033 EUR 73.114
Gazprom PJSC Via Gaz 4.9500 3/23/2027 USD 71.000
La Financiere Atalia 5.1250 5/15/2025 EUR 67.298
Romanian Government 2.0000 4/14/2033 EUR 68.572
DEMIRE Deutsche Mitt 1.8750 10/15/2024 EUR 74.230
Aroundtown SA 1.4500 7/9/2028 EUR 70.818
Development Bank of 6.7500 5/2/2024 USD 39.667
United Kingdom Gilt 1.1250 10/22/2073 GBP 44.180
SBB Treasury Oyj 0.7500 12/14/2028 EUR 67.533
Rothesay Life PLC 5.0000 GBP 73.478
Republic of Italy Go 3.8750 5/6/2051 USD 70.756
Croatia Government I 1.7500 3/4/2041 EUR 70.333
TotalEnergies SE 2.1250 EUR 74.453
Ukraine Government I 7.7500 9/1/2024 USD 23.923
Bellis Finco PLC 4.0000 2/16/2027 GBP 72.970
Romanian Government 2.6250 12/2/2040 EUR 59.235
DDM Debt AB 9.0000 4/19/2026 EUR 61.840
Electricite de Franc 2.0000 12/9/2049 EUR 61.811
Russian Railways Via 0.8400 3/12/2026 CHF 52.194
Gazprom PJSC via Gaz 4.5985 USD 55.000
Hacienda Investments 5.3500 2/8/2028 USD 43.854
Prosus NV 3.8320 2/8/2051 USD 63.023
VIC Properties SA 3.0000 5/28/2025 EUR 60.000
MHP Lux SA 6.9500 4/3/2026 USD 48.471
Grand City Propertie 6.3320 EUR 69.489
Abengoa Abenewco 2 S 1.5000 10/26/2024 EUR 0.311
Atento Luxco 1 SA 8.0000 2/10/2026 USD 27.038
Intermediate Capital 2.5000 1/28/2030 EUR 71.270
Enel SpA 1.8750 EUR 73.806
Allianz SE 2.6000 EUR 71.981
Diebold Nixdorf Dutc 9.0000 7/15/2025 EUR 65.066
Gazprom PJSC via Gaz 3.5000 7/14/2031 USD 65.076
Gazprom PJSC via Gaz 2.9500 4/15/2025 EUR 71.593
Romanian Government 2.1240 7/16/2031 EUR 72.946
Gazprom PJSC via Gaz 3.2500 2/25/2030 USD 72.000
Gazprom PJSC Via Gaz 4.2500 4/6/2024 GBP 70.415
Mime Petroleum AS 10.2500 11/10/2026 USD 71.455
gategroup Finance Lu 3.0000 2/28/2027 CHF 66.334
Hacienda Investments 5.0750 2/15/2023 USD 49.262
United Kingdom Gilt 0.8750 1/31/2046 GBP 54.738
DNB Bank ASA 3.6914 USD 71.052
Russian Foreign Bond 5.6250 4/4/2042 USD 63.500
Vonovia SE 1.6250 9/1/2051 EUR 54.454
Samhallsbyggnadsbola 2.8750 EUR 40.743
RWE AG 1.0000 11/26/2033 EUR 73.845
Samhallsbyggnadsbola 1.0000 8/12/2027 EUR 73.651
Kernel Holding SA 6.5000 10/17/2024 USD 46.910
Standard Profil Auto 6.2500 4/30/2026 EUR 63.259
Hungary Government I 0.5000 11/18/2030 EUR 72.288
ADLER Group SA 1.8750 1/14/2026 EUR 46.000
Russian Foreign Bond 7.5000 3/31/2030 USD 65.167
Samhallsbyggnadsbola 2.6250 EUR 41.794
Atrium Finance PLC 2.6250 9/5/2027 EUR 73.942
PB International BV 7.6250 12/31/2025 USD 39.572
Netherlands Governme 0.5000 1/15/2040 EUR 71.093
Fnac Darty SA 0.2500 3/23/2027 EUR 65.848
Altarea SCA 1.7500 1/16/2030 EUR 74.913
ADLER Group SA 3.2500 8/5/2025 EUR 47.000
Intesa Sanpaolo SpA 4.9500 6/1/2042 USD 71.948
Solocal Group 9.0460 3/15/2025 EUR 67.300
Hungary Government B 2.2500 4/20/2033 HUF 61.347
Abengoa Abenewco 2 S 1.5000 10/26/2024 EUR 1.490
Electricite de Franc 1.0000 11/29/2033 EUR 72.622
Ukraine Government B 15.8400 2/26/2025 UAH 66.586
Nykredit Realkredit 1.0000 10/1/2050 DKK 74.350
CPI Property Group S 3.7500 EUR 48.498
Aryzta AG 5.1602 CHF 72.291
HSE Finance Sarl 5.6250 10/15/2026 EUR 51.917
DH Europe Finance II 1.3500 9/18/2039 EUR 69.755
NGD Holdings BV 6.7500 12/31/2026 USD 55.407
Voltalia SA 1.0000 1/13/2025 EUR 28.813
Casino Guichard Perr 3.5800 2/7/2025 EUR 73.375
MHP SE 7.7500 5/10/2024 USD 50.783
Metinvest BV 8.5000 4/23/2026 USD 54.750
HOCHTIEF AG 1.2500 9/3/2031 EUR 72.846
Delivery Hero SE 1.5000 1/15/2028 EUR 71.660
ADLER Group SA 2.2500 4/27/2027 EUR 43.833
Odea Bank AS 8.6060 8/1/2027 USD 74.208
Republic of Austria 0.7500 3/20/2051 EUR 58.698
Heimstaden Bostad AB 3.3750 EUR 63.583
ADLER Group SA 1.5000 7/26/2024 EUR 70.833
EP Infrastructure AS 1.8160 3/2/2031 EUR 66.361
Heimstaden Bostad Tr 1.6250 10/13/2031 EUR 67.906
Glencore Capital Fin 1.2500 3/1/2033 EUR 71.328
Republic of Poland G 2.0000 10/25/2046 EUR 70.588
Stellantis NV 1.2500 6/20/2033 EUR 73.799
Shell International 0.8750 11/8/2039 EUR 62.612
Aegon NV 0.4960 NLG 64.944
Aroundtown SA 1.6250 1/31/2028 EUR 73.731
CPI Property Group S 5.8000 SGD 46.980
FIGEAC-AERO 1.7500 10/18/2028 EUR 23.566
Digital Intrepid Hol 0.6250 7/15/2031 EUR 72.797
Czech Republic Gover 1.5000 4/24/2040 CZK 62.615
BNP Paribas SA 2.8240 1/26/2041 USD 67.189
Berkeley Group PLC/T 2.5000 8/11/2031 GBP 73.032
Just Eat Takeaway.co 0.6250 2/9/2028 EUR 69.450
Blackstone Property 1.6250 4/20/2030 EUR 72.341
BUPA Finance PLC 4.0000 GBP 71.757
Heimstaden Bostad Tr 0.7500 9/6/2029 EUR 69.132
Ireland Government B 1.5000 5/15/2050 EUR 70.994
Credit Bank of Mosco 3.1000 1/21/2026 EUR 21.990
Finland Government B 0.1250 4/15/2036 EUR 68.831
Prosus NV 2.0310 8/3/2032 EUR 73.719
JT International Fin 3.3000 9/14/2051 USD 60.903
Novolipetsk Steel Vi 1.4500 6/2/2026 EUR 70.832
Corestate Capital Ho 1.3750 11/28/2022 EUR 12.879
Moby SpA 7.7500 2/15/2023 EUR 58.311
Gazprom PJSC via Gaz 1.5400 6/30/2027 CHF 63.044
Triodos Bank NV 2.2500 2/5/2032 EUR 74.022
Russian Railways Via 7.4870 3/25/2031 GBP 54.998
MRG Finance UK PLC 8.7500 10/26/2023 EUR 45.616
CPI Property Group S 4.8750 EUR 50.388
Fresenius SE & Co KG 1.1250 1/28/2033 EUR 72.212
Polyus Finance PLC 3.2500 10/14/2028 USD 60.684
Royalty Pharma PLC 3.5500 9/2/2050 USD 67.211
United Kingdom Gilt 1.7500 7/22/2057 GBP 61.957
Altice France Holdin 4.0000 2/15/2028 EUR 69.847
VGP NV 2.2500 1/17/2030 EUR 71.235
Turkey Government In 6.0000 1/14/2041 USD 70.720
United Kingdom Gilt 1.6250 10/22/2054 GBP 60.355
Phosagro OAO Via Pho 2.6000 9/16/2028 USD 61.420
Atos SE 2.5000 11/7/2028 EUR 73.519
Gazprom PJSC Via Gaz 4.9500 2/6/2028 USD 75.250
Prosus NV 4.0270 8/3/2050 USD 65.608
Wirecard AG 0.5000 9/11/2024 EUR 12.550
Ocado Group PLC 0.7500 1/18/2027 GBP 68.643
Ukraine Government I 9.7500 11/1/2030 USD 20.254
Becton Dickinson Eur 1.3360 8/13/2041 EUR 63.405
Shell International 3.0000 11/26/2051 USD 71.357
Nostrum Oil & Gas Fi 7.0000 2/16/2025 USD 25.125
Dtek Renewables Fina 8.5000 11/12/2024 EUR 38.575
Herens Midco Sarl 5.2500 5/15/2029 EUR 68.558
Italy Buoni Polienna 1.4500 3/1/2036 EUR 72.731
Republic of Belarus 6.3780 2/24/2031 USD 31.500
Ukraine Railways Via 7.8750 7/15/2028 USD 19.603
Societe Generale SA 4.0270 1/21/2043 USD 72.256
SBB Treasury Oyj 1.1250 11/26/2029 EUR 66.496
Tinkoff Bank JSC Via 6.0000 USD 41.107
Mallinckrodt Interna 10.0000 6/15/2029 USD 57.929
Samhallsbyggnadsbola 6.4190 SEK 61.956
Delivery Hero SE 2.1250 3/10/2029 EUR 67.406
UNIQA Insurance Grou 2.3750 12/9/2041 EUR 72.630
Societe Generale SA 3.6250 3/1/2041 USD 69.300
Nexity SA 0.2500 3/2/2025 EUR 59.452
Russian Foreign Bond 5.2500 6/23/2047 USD 40.858
Fresenius Finance Ir 0.8750 10/1/2031 EUR 73.517
State of North Rhine 0.5000 1/15/2052 EUR 52.438
Gazprom PJSC via Gaz 1.8500 11/17/2028 EUR 64.371
Ukraine Government I 6.8760 5/21/2031 USD 18.627
NAK Naftogaz Ukraine 7.3750 7/19/2022 USD 15.500
Lukoil Securities BV 3.8750 5/6/2030 USD 68.750
Sberbank of Russia V 5.1250 10/29/2022 USD 32.467
Credit Suisse Group 0.6500 9/10/2029 EUR 70.717
Credit Bank of Mosco 5.5500 2/14/2023 USD 21.807
Aggregate Holdings S 6.8750 11/9/2025 EUR 36.625
NET4GAS sro 3.5000 7/28/2026 EUR 67.500
Slovenia Government 0.6875 3/3/2081 EUR 37.926
State of North Rhine 2.1500 3/21/2119 EUR 71.317
Interpipe Holdings P 8.3750 5/13/2026 USD 47.504
Societe Generale SA 4.0270 1/21/2043 USD 72.250
Republic of Belarus 7.6250 6/29/2027 USD 39.128
Sberbank of Russia V 5.2500 5/23/2023 USD 32.633
SPP-Distribucia AS 1.0000 6/9/2031 EUR 65.776
Societe Generale SA 1.1130 7/17/2031 EUR 73.856
Proximus SADP 0.7500 11/17/2036 EUR 68.958
Republic of Austria 0.2500 10/20/2036 EUR 69.240
Aroundtown SA 3.0000 10/16/2029 GBP 70.884
Diebold Nixdorf Dutc 9.0000 7/15/2025 EUR 65.066
Kingdom of Belgium G 0.4000 6/22/2040 EUR 62.796
EnBW Energie Baden-W 2.1250 8/31/2081 EUR 72.890
Haya Holdco 2 PLC 10.9540 11/30/2025 EUR 42.794
University of Oxford 2.5440 12/8/2117 GBP 56.591
VGP NV 1.5000 4/8/2029 EUR 70.538
State of North Rhine 1.7500 7/11/2068 EUR 68.035
BP Capital Markets B 1.4670 9/21/2041 EUR 64.581
Aedifica SA 0.7500 9/9/2031 EUR 68.180
Republic of Poland G 2.0000 3/8/2049 EUR 69.885
Lukoil International 4.7500 11/2/2026 USD 72.000
MHP Lux SA 6.2500 9/19/2029 USD 47.435
Diebold Nixdorf Dutc 9.0000 7/15/2025 EUR 65.306
Corestate Capital Ho 3.5000 4/15/2023 EUR 16.056
Heimstaden Bostad AB 3.0000 EUR 63.027
United Utilities Wat 1.7500 2/10/2038 GBP 68.699
Ukraine Government I 7.7500 9/1/2028 USD 20.201
Enel Finance Interna 0.8750 6/17/2036 EUR 65.737
Kernel Holding SA 6.7500 10/27/2027 USD 41.500
Maisons du Monde SA 0.1250 12/6/2023 EUR 46.269
Enel Finance Interna 0.8750 9/28/2034 EUR 69.196
Hungary Government B 3.2500 10/22/2031 HUF 71.355
Borets Finance DAC 6.0000 9/17/2026 USD 43.000
Akelius Residential 0.7500 2/22/2030 EUR 73.484
Republic of Belarus 6.2000 2/28/2030 USD 30.984
Vnesheconombank Via 6.8000 11/22/2025 USD 5.360
Ukraine Government I 7.7500 9/1/2026 USD 20.650
Hungary Government B 3.0000 10/27/2038 HUF 58.013
Republic of Belarus 5.8750 2/24/2026 USD 40.532
John Lewis PLC 4.2500 12/18/2034 GBP 64.328
CPI Property Group S 2.7500 1/22/2028 GBP 70.640
Slovakia Government 0.3750 4/21/2036 EUR 66.065
Vonovia Finance BV 1.1250 9/14/2034 EUR 69.759
VTB Bank OJSC Via VT 6.9500 10/17/2022 USD 7.535
Orpea SA 2.2000 12/15/2024 EUR 26.955
Acef Holding SCA 1.2500 4/26/2030 EUR 74.496
Medtronic Global Hol 1.3750 10/15/2040 EUR 68.037
Logicor Financing Sa 0.8750 1/14/2031 EUR 69.647
Polyus Finance PLC 4.7000 1/29/2024 USD 60.000
Snam SpA 1.2500 6/20/2034 EUR 74.913
Perrigo Finance Unli 4.9000 12/15/2044 USD 72.551
Bank Gospodarstwa Kr 2.3750 11/27/2040 PLN 53.621
Saderea DAC 12.5000 11/30/2026 USD 43.872
Hungary Government B 2.0000 5/23/2029 HUF 71.059
ADLER Group SA 2.7500 11/13/2026 EUR 45.293
Just Group PLC 5.0000 GBP 74.300
Muenchener Rueckvers 1.0000 5/26/2042 EUR 73.425
Arrival SA 3.5000 12/1/2026 USD 26.500
Brit Insurance Holdi 3.6757 12/9/2030 GBP 75.123
Nykredit Realkredit 1.0000 10/1/2053 DKK 73.562
Finland Government B 0.2500 9/15/2040 EUR 62.679
VF Ukraine PAT via V 6.2000 2/11/2025 USD 58.112
MMC Norilsk Nickel O 2.5500 9/11/2025 USD 71.504
United Utilities Wat 1.7500 2/10/2038 GBP 68.955
Slovenia Government 0.4875 10/20/2050 EUR 47.685
Ukraine Government I 8.9940 2/1/2026 USD 20.463
Czech Republic Gover 1.9500 7/30/2037 CZK 72.778
Orpea SA 2.5640 11/30/2027 EUR 27.784
E.ON SE 0.8750 10/18/2034 EUR 73.049
Audax Renovables SA 2.7500 11/30/2025 EUR 73.532
Nostrum Oil & Gas Fi 8.0000 7/25/2022 USD 25.959
Hellenic Bank PCL 10.0000 EUR 69.281
Romanian Government 3.3750 2/8/2038 EUR 71.374
Russian Railways Via 4.3750 3/1/2024 USD 53.107
British Telecommunic 3.6250 11/21/2047 GBP 73.065
Eurotorg LLC Via Bon 9.0000 10/22/2025 USD 67.000
BPCE SA 2.1250 10/13/2046 EUR 73.994
Siemens Financiering 0.5000 9/5/2034 EUR 74.419
HSE Finance Sarl 7.5120 10/15/2026 EUR 55.214
Credit Bank of Mosco 3.8750 9/21/2026 USD 30.756
Orpea SA 2.1300 7/3/2024 EUR 29.279
EnfraGen Energia Sur 5.3750 12/30/2030 USD 70.903
Cie de Financement F 0.0100 10/29/2035 EUR 66.775
VTB Bank PJSC Via VT 9.5000 USD 16.719
LEG Immobilien SE 0.8750 3/30/2033 EUR 70.455
BAT International Fi 2.2500 9/9/2052 GBP 41.644
Novolipetsk Steel Vi 4.0000 9/21/2024 USD 63.444
Verbund AG 0.9000 4/1/2041 EUR 67.238
Thermo Fisher Scient 2.0000 10/18/2051 EUR 65.761
Metinvest BV 5.6250 6/17/2025 EUR 55.239
Ziton A/S 11.0320 10/3/2024 EUR 59.331
Momox Holding AG 8.5040 7/10/2025 EUR 69.128
Mutuelle Assurance D 2.1250 6/21/2052 EUR 71.375
Gol Finance SA 8.0000 6/30/2026 USD 57.922
National Grid PLC 0.7500 9/1/2033 EUR 71.894
Republic of Poland G 4.0000 4/25/2047 PLN 72.303
Evraz PLC 5.3750 3/20/2023 USD 49.442
Koninklijke KPN NV 0.8750 11/15/2033 EUR 74.487
Royalty Pharma PLC 3.3500 9/2/2051 USD 64.614
Alfa Bank AO Via Alf 5.9500 4/15/2030 USD 3.710
Realkredit Danmark A 1.0000 10/1/2050 DKK 74.352
Gecina SA 0.8750 6/30/2036 EUR 70.314
Bank Gospodarstwa Kr 2.1250 6/5/2030 PLN 73.847
Vonovia SE 1.0000 6/16/2033 EUR 71.593
Metalloinvest Financ 3.3750 10/22/2028 USD 54.496
Andorra Internationa 1.7000 10/13/2041 EUR 65.119
Nexity SA 0.8750 4/19/2028 EUR 44.361
Nykredit Realkredit 1.0000 10/1/2053 DKK 68.948
Societe Nationale SN 1.0000 1/19/2061 EUR 43.039
Nederlandse Watersch 0.1250 9/3/2035 EUR 69.179
Cardea Europe AG 7.2500 12/8/2023 EUR 26.000
BP Capital Markets B 0.9330 12/4/2040 EUR 60.073
State of North Rhine 1.7500 10/26/2057 EUR 72.745
State Agency of Road 6.2500 6/24/2030 USD 17.853
Balder Finland Oyj 1.3750 5/24/2030 EUR 69.287
Becton Dickinson Eur 1.2130 2/12/2036 EUR 71.944
Orpea SA 2.7500 6/3/2033 EUR 27.407
Idavang A/S 9.8570 11/11/2025 EUR 69.628
Czech Republic Gover 0.0500 11/29/2029 CZK 73.546
Deutsche Bahn Financ 0.6250 4/15/2036 EUR 70.478
Neoen SA 2.0000 6/2/2025 EUR 47.910
Thermo Fisher Scient 1.6250 10/18/2041 EUR 70.269
Vonovia SE 0.7500 9/1/2032 EUR 71.730
MMC Norilsk Nickel O 2.8000 10/27/2026 USD 70.324
EQT AB 0.8750 5/14/2031 EUR 72.193
BAT International Fi 4.0000 11/23/2055 GBP 59.837
GOL Equity Finance S 3.7500 7/15/2024 USD 50.000
Norddeutsche Landesb 8.9160 EUR 72.816
Merlin Properties So 1.8750 12/4/2034 EUR 74.330
ALROSA Finance SA 3.1000 6/25/2027 USD 10.200
SCF Capital Designat 3.8500 4/26/2028 USD 21.824
Tullow Oil PLC 7.0000 3/1/2025 USD 71.471
Russian Foreign Bond 4.3750 3/21/2029 USD 40.646
Imerys SA 1.0000 7/15/2031 EUR 72.974
Offentliga Hus I Nor 9.6550 SEK 65.068
NPC Ukrenergo 6.8750 11/9/2028 USD 17.507
Russian Foreign Bond 4.7500 5/27/2026 USD 42.706
Metinvest BV 7.7500 10/17/2029 USD 49.707
Deutsche Bahn Financ 0.6250 12/8/2050 EUR 51.722
Market Parent Finco 6.7500 10/1/2029 GBP 61.264
Ukreximbank Via Biz 9.9500 11/14/2029 USD 31.090
Desenio Group AB 8.0340 12/16/2024 SEK 51.411
Ireland Government B 0.5500 4/22/2041 EUR 64.534
Electricite de Franc 1.8750 10/13/2036 EUR 73.826
Severstal OAO Via St 3.1500 9/16/2024 USD 4.480
Saxa Gres Spa 7.0000 8/4/2026 EUR 43.305
CBRE Global Investor 0.9000 10/12/2029 EUR 73.689
Vodafone Group PLC 3.3750 8/8/2049 GBP 69.799
Credit Bank of Mosco 7.6250 USD 19.522
UBS Group AG 0.6250 2/24/2033 EUR 74.444
Prosus NV 1.9850 7/13/2033 EUR 70.969
Vodafone Group PLC 3.0000 8/12/2056 GBP 61.263
Nykredit Realkredit 1.5000 10/1/2053 DKK 73.533
CCC SA 11.6700 6/29/2026 PLN 68.875
UNEDIC ASSEO 0.5000 5/25/2036 EUR 69.877
Eurochem Finance DAC 5.5000 3/13/2024 USD 56.839
Mobile Telesystems O 5.0000 5/30/2023 USD 25.390
Ile-de-France Mobili 1.2750 2/14/2042 EUR 68.747
Russian Foreign Bond 4.2500 6/23/2027 USD 41.836
Holcim Finance Luxem 1.3750 10/8/2036 EUR 63.252
Logicor Financing Sa 2.0000 1/17/2034 EUR 69.085
Hera SpA 1.0000 4/25/2034 EUR 73.718
DSV Finance BV 0.7500 7/5/2033 EUR 72.771
British Telecommunic 3.9240 6/25/2042 GBP 73.778
Czech Gas Networks I 0.8750 3/31/2031 EUR 73.129
Aroundtown SA 2.9120 9/20/2030 EUR 69.452
Novolipetsk Steel Vi 4.7000 5/30/2026 USD 71.503
Derwent London PLC 1.8750 11/17/2031 GBP 73.700
Kommunekredit 0.1250 9/26/2040 EUR 59.992
BMW Finance NV 0.2000 1/11/2033 EUR 74.159
BAT International Fi 2.0000 3/13/2045 EUR 56.450
Credit Bank of Mosco 5.1500 2/20/2024 EUR 26.153
Orpea SA 3.1440 12/22/2025 EUR 27.407
Orsted AS 2.5000 2/18/3021 GBP 70.620
Places For People Tr 2.5000 1/26/2036 GBP 73.100
BNG Bank NV 0.1250 4/19/2033 EUR 74.854
Gol Finance SA 7.0000 1/31/2025 USD 51.134
Amprion GmbH 0.6250 9/23/2033 EUR 71.740
R-Logitech Finance S 10.2500 9/26/2027 EUR 68.734
Simon International 1.1250 3/19/2033 EUR 74.034
La Financiere Atalia 6.6250 5/15/2025 GBP 65.920
SAS AB 6.9000 SEK 7.333
Home Group Ltd 3.1250 3/27/2043 GBP 73.707
Evraz PLC 5.2500 4/2/2024 USD 52.615
O1 Properties Financ 0.5000 9/27/2028 USD 5.251
Holcim Finance Luxem 0.6250 1/19/2033 EUR 72.424
Lukoil Capital DAC 3.6000 10/26/2031 USD 68.750
Wellcome Trust Ltd/T 1.5000 7/14/2071 GBP 43.518
Agri Resources Group 8.0000 3/17/2026 EUR 60.815
Metropolitano de Ten 1.2290 7/30/2036 EUR 70.533
Sibur Securities DAC 3.4500 9/23/2024 USD 60.775
Russian Railways Via 1.1950 4/3/2028 CHF 46.426
MMK International Ca 4.3750 6/13/2024 USD 26.505
Metinvest BV 7.6500 10/1/2027 USD 53.257
Russian Foreign Bond 2.8750 12/4/2025 EUR 39.464
Bigben Interactive 1.1250 2/19/2026 EUR 70.385
Deutsche Telekom AG 1.7500 12/9/2049 EUR 68.231
Linde PLC 1.0000 9/30/2051 EUR 56.903
Shell International 1.7500 9/10/2052 GBP 50.933
Abengoa Abenewco 2 B 1.5000 4/26/2024 EUR 0.498
Rallye SA 4.0000 2/28/2032 CHF 10.096
ALROSA Finance SA 4.6500 4/9/2024 USD 11.457
Econocom Group SA/NV 0.5000 3/6/2023 EUR 8.171
Russian Foreign Bond 2.6500 5/27/2036 EUR 38.565
Societe Generale SA 3.6250 3/1/2041 USD 69.322
VEON Holdings BV 3.3750 11/25/2027 USD 71.132
Credit Bank of Mosco 7.5000 10/5/2027 USD 21.238
Manchester Airport G 2.8750 9/30/2044 GBP 68.565
Aroundtown SA 3.6250 4/10/2031 GBP 69.337
State of North Rhine 1.4500 1/19/2122 EUR 52.846
Lloyds Banking Group 3.3690 12/14/2046 USD 70.115
BNP Paribas SA 0.6250 12/3/2032 EUR 73.045
Tritax Big Box REIT 1.5000 11/27/2033 GBP 69.871
Segro Capital Sarl 0.5000 9/22/2031 EUR 74.080
Investor AB 0.3750 10/29/2035 EUR 68.476
Enel Finance Interna 1.2500 1/17/2035 EUR 71.807
Movida Europe SA 5.2500 2/8/2031 USD 68.106
Mithra Pharmaceutica 4.2500 12/17/2025 EUR 59.633
JDE Peet's NV 1.1250 6/16/2033 EUR 74.787
State of North Rhine 0.2000 1/27/2051 EUR 47.365
esure Group PLC 6.0000 GBP 69.984
Medtronic Global Hol 1.7500 7/2/2049 EUR 63.902
Genova Property Grou 9.2450 SEK 74.500
HOCHDORF Holding AG 2.5000 CHF 30.489
Ukraine Government B 9.7900 5/26/2027 UAH 52.531
Finland Government B 0.5000 4/15/2043 EUR 63.127
Jyske Realkredit A/S 1.0000 10/1/2050 DKK 74.465
Credit Bank of Mosco 4.7000 1/29/2025 USD 25.796
Russian Foreign Bond 5.8750 9/16/2043 USD 59.599
Smurfit Kappa Treasu 1.0000 9/22/2033 EUR 74.034
EnBW International F 0.5000 3/1/2033 EUR 72.238
Deutsche Bahn Financ 1.1250 5/29/2051 EUR 58.035
United Utilities Wat 1.8750 6/3/2042 GBP 63.913
Ekosem-Agrar AG 2.5000 7/31/2029 EUR 19.441
Vonovia SE 1.5000 6/14/2041 EUR 61.660
Tinkoff Bank JSC Via 11.0020 USD 39.012
Ageas SA/NV 1.8750 11/24/2051 EUR 74.959
Bank Gospodarstwa Kr 0.5000 7/8/2031 EUR 70.543
Republic of Croatia 1.0000 11/27/2034 EUR 72.203
Snam SpA 1.0000 9/12/2034 EUR 71.848
Sibur Securities DAC 2.9500 7/8/2025 USD 68.354
Investor AB 1.5000 6/20/2039 EUR 73.454
Home Credit & Financ 8.8000 USD 5.340
Portugal Obrigacoes 1.1500 4/11/2042 EUR 66.687
Fuerstenberg Capital 2.5220 EUR 78.517
Vnesheconombank Via 5.9420 11/21/2023 USD 7.755
Euroboden GmbH 5.5000 11/18/2025 EUR 60.475
Medtronic Global Hol 1.5000 7/2/2039 EUR 71.112
Euroboden GmbH 5.5000 10/1/2024 EUR 69.762
GTLK Europe Capital 4.8000 2/26/2028 USD 22.225
Kreditanstalt fuer W 0.0500 9/29/2034 EUR 71.912
Bank Gospodarstwa Kr 2.2500 7/21/2033 PLN 65.971
CM.com NV 2.0000 9/9/2026 EUR 66.606
Unibail-Rodamco-West 1.7500 7/1/2049 EUR 66.201
Annington Funding PL 2.9240 10/6/2051 GBP 59.421
Sovereign Housing Ca 2.3750 11/4/2048 GBP 63.385
Sovcombank Via SovCo 7.6000 USD 4.521
DH Europe Finance II 1.8000 9/18/2049 EUR 67.261
Russian Foreign Bond 1.8500 11/20/2032 EUR 38.355
Caisse Francaise de 0.3750 2/13/2040 EUR 62.484
State of North Rhine 1.3750 1/15/2120 EUR 50.898
A2A SpA 0.6250 10/28/2032 EUR 72.958
NIBC Bank NV 1.3150 EUR 73.844
Optivo Finance PLC 3.2830 3/22/2048 GBP 72.773
BNP Paribas SA 2.0000 9/13/2036 GBP 70.237
Slovakia Government 1.0000 10/13/2051 EUR 52.841
TenneT Holding BV 1.5000 6/3/2039 EUR 73.338
Digital Dutch Finco 1.0000 1/15/2032 EUR 74.329
VTR Finance NV 6.3750 7/15/2028 USD 39.561
Vienna Insurance Gro 1.0000 3/26/2036 EUR 68.347
Sovcombank Via SovCo 3.4000 1/26/2025 USD 3.014
Rallye SA 3.4000 2/28/2032 EUR 4.298
Ukraine Government B 11.6700 11/22/2023 UAH 72.564
Wellcome Trust Ltd/T 2.5170 2/7/2118 GBP 57.357
BNP Paribas SA 2.8240 1/26/2041 USD 67.879
Koninklijke Luchtvaa 0.7500 CHF 19.000
European Financial S 0.7000 1/17/2053 EUR 53.257
Ilija Batljan Invest 9.2640 SEK 46.998
Vnesheconombank Via 6.0250 7/5/2022 USD 6.251
TenneT Holding BV 0.8750 6/16/2035 EUR 71.752
Intesa Sanpaolo SpA 2.6250 3/11/2036 GBP 70.574
publity AG 5.5000 6/19/2025 EUR 67.500
Ilija Batljan Invest 5.7640 12/15/2024 SEK 64.567
Sirius Real Estate L 1.7500 11/24/2028 EUR 73.765
Rickmers Holding AG 8.8750 6/11/2018 EUR 1.221
OGX Austria GmbH 8.5000 6/1/2018 USD 0.012
Stichting Afwikkelin 11.2500 EUR 44.423
Volkswagen Internati 1.5000 1/21/2041 EUR 64.776
BAE Systems PLC 3.0000 9/15/2050 USD 68.210
Engie SA 1.2500 10/24/2041 EUR 63.305
Mondelez Internation 1.2500 9/9/2041 EUR 65.729
Alfa Bank AO Via Alf 6.9500 USD 2.466
NIBC Bank NV 2.8500 2/21/2040 EUR 70.100
CNP Assurances 1.8750 10/12/2053 EUR 74.064
Realkredit Danmark A 1.0000 10/1/2050 DKK 70.223
SCF Capital Designat 5.3750 6/16/2023 USD 20.166
Chancellor Masters & 0.2500 6/27/2068 GBP 62.344
Societe Du Grand Par 0.3000 9/2/2036 EUR 65.983
Rallye SA 3.2500 2/28/2032 CHF 4.656
Credit Bank of Mosco 8.8750 USD 19.698
UNEDIC ASSEO 0.2500 7/16/2035 EUR 69.622
alstria office REIT- 1.5000 11/15/2027 EUR 73.056
Travelex Financing P 8.0000 5/15/2022 EUR 0.339
Credit Agricole SA 2.8110 1/11/2041 USD 67.413
TMK OAO Via TMK Capi 4.3000 2/12/2027 USD 52.171
Rallye SA 5.2500 2/28/2032 EUR 3.435
Wuestenrot & Wuertte 2.1250 9/10/2041 EUR 72.749
Northern Powergrid N 1.8750 6/16/2062 GBP 52.263
Offshore Drilling Ho 8.3750 9/20/2020 USD 3.000
Immigon Portfolioabb 8.8130 EUR 12.433
BNG Bank NV 0.8050 6/28/2049 EUR 57.557
Air Berlin PLC 8.2500 4/19/2018 EUR 0.415
Ukraine Government B 12.5200 5/13/2026 UAH 56.408
EYEMAXX Real Estate 5.5000 4/26/2023 EUR 1.938
Russian Foreign Bond 1.1250 11/20/2027 EUR 37.919
Senvion Holding GmbH 3.8750 10/25/2022 EUR 0.203
Mitsubishi UFJ Inves 6.5380 12/30/2099 EUR 4.916
Sanctuary Capital PL 2.3750 4/14/2050 GBP 61.520
Intelsat Jackson Hol 9.7500 7/15/2025 USD 0.494
Prologis Internation 0.7500 3/23/2033 EUR 69.872
Ireland Government B 0.4000 5/15/2035 EUR 73.630
NIBC Bank NV 2.5700 USD 74.355
Storebrand Livsforsi 1.8750 9/30/2051 EUR 73.060
Agence Francaise de 1.1250 3/2/2037 EUR 74.098
Cooperatieve Raboban 0.7500 6/21/2039 EUR 69.074
Stichting Afwikkelin 6.2500 10/26/2020 EUR 43.641
Bulgaria Government 0.1000 8/17/2031 BGN 62.864
Telefonica Emisiones 1.8640 7/13/2040 EUR 72.416
Russian Federal Bond 6.1000 7/18/2035 RUB 71.641
Agence Francaise de 0.5000 5/31/2035 EUR 71.364
Orange SA 1.3750 9/4/2049 EUR 67.862
GTLK Europe Capital 4.6500 3/10/2027 USD 21.854
Credit Agricole SA 2.8110 1/11/2041 USD 67.651
GTLK Europe Capital 4.3490 2/27/2029 USD 20.363
Slovenia Government 1.1750 2/13/2062 EUR 53.402
Bromford Housing Gro 3.1250 5/3/2048 GBP 73.861
Abengoa Abenewco 2 S 1.5000 10/26/2024 USD 0.827
Yorkshire Water Fina 2.7500 4/18/2041 GBP 73.429
Cadent Finance PLC 2.7500 9/22/2046 GBP 64.492
Orpea SA 2.7700 12/18/2028 EUR 24.259
Lithuania Government 0.5000 7/28/2050 EUR 46.277
Cellnex Finance Co S 3.8750 7/7/2041 USD 73.787
VTB Bank OJSC Via VT 4.0725 10/24/2024 CHF 16.000
K2A Knaust & Anderss 8.8080 SEK 69.818
Societe Du Grand Par 1.0000 2/18/2070 EUR 42.381
Greene King Finance 5.5121 12/15/2034 GBP 74.797
Clarion Funding PLC 1.8750 1/22/2035 GBP 71.421
Biocartis Group NV 4.0000 11/9/2027 EUR 59.994
TotalEnergies Capita 1.5350 5/31/2039 EUR 74.128
LEG Immobilien SE 1.6250 11/28/2034 EUR 72.142
Blend Funding PLC 2.9220 4/5/2054 GBP 66.688
Guinness Partnership 2.0000 4/22/2055 GBP 53.493
Hyde Housing Associa 1.7500 8/18/2055 GBP 50.460
Officine Maccaferri- 5.7500 6/1/2021 EUR 17.000
DSV Finance BV 0.8750 9/17/2036 EUR 68.058
Russian Agricultural 8.5000 10/16/2023 USD 13.880
Medtronic Global Hol 1.6250 10/15/2050 EUR 61.132
BICO Group AB 2.8750 3/19/2026 SEK 70.793
Vonovia Finance BV 1.0000 1/28/2041 EUR 56.292
Unibail-Rodamco-West 0.8750 3/29/2032 EUR 74.665
Hampshire Trust Bank 7.2500 5/10/2028 GBP 69.978
AstraZeneca PLC 2.1250 8/6/2050 USD 61.435
GlaxoSmithKline Capi 1.6250 5/12/2035 GBP 72.733
OMV AG 1.0000 7/3/2034 EUR 74.037
Mallinckrodt Interna 10.0000 4/15/2025 USD 68.500
Nestle Finance Inter 0.3750 12/3/2040 EUR 60.656
Societe Du Grand Par 0.7000 10/15/2060 EUR 39.886
Sovcombank Via SovCo 8.0000 4/7/2030 USD 5.516
Deutsche Bahn Financ 1.3750 4/16/2040 EUR 72.864
Scandinavian Airline 0.6250 CHF 13.792
Air Berlin PLC 6.7500 5/9/2019 EUR 0.230
Intu Debenture PLC 5.5620 12/31/2027 GBP 43.055
Lendlease Europe Fin 3.5000 12/2/2033 GBP 68.264
BPCE SFH SA 0.0100 1/29/2036 EUR 65.842
State of Saxony-Anha 0.5000 3/24/2051 EUR 53.547
EYEMAXX Real Estate 5.5000 7/22/2025 EUR 16.000
Hannover Rueck SE 1.3750 6/30/2042 EUR 74.942
Lithuania Government 0.3000 2/12/2032 EUR 73.749
Repsol Europe Financ 0.8750 7/6/2033 EUR 74.426
ESB Finance DAC 2.0000 4/17/2044 EUR 71.375
Ozon Holdings PLC 1.8750 2/24/2026 USD 58.501
Chancellor Masters & 2.3500 6/27/2078 GBP 60.768
Vedanta Resources Lt 6.1250 8/9/2024 USD 72.764
Latvia Government In 1.8750 2/19/2049 EUR 71.456
Intelsat Jackson Hol 5.5000 8/1/2023 USD 0.494
Flagship Finance PLC 1.8750 7/14/2061 GBP 50.849
Finland Government B 1.3750 4/15/2047 EUR 74.878
GTLK Europe Capital 5.9500 4/17/2025 USD 26.608
Cooperatieve Raboban 0.6250 2/25/2033 EUR 74.303
JAB Holdings BV 2.2500 12/19/2039 EUR 71.312
Alfa Bank AO Via Alf 5.9000 USD 2.466
Clarion Funding PLC 3.1250 4/19/2048 GBP 70.686
Iren SpA 0.2500 1/17/2031 EUR 73.850
SCOR SE 1.3750 9/17/2051 EUR 72.925
Aeroports de Paris 1.1250 6/18/2034 EUR 73.570
Abengoa Abenewco 2 S 1.5000 10/26/2024 USD 1.153
Orpea SA 2.0000 8/9/2029 EUR 27.426
Global Ports Finance 6.5000 9/22/2023 USD 25.000
PIK Securities DAC 5.6250 11/19/2026 USD 41.750
Southern Housing Gro 2.3750 10/8/2036 GBP 74.195
Cie de Financement F 0.6000 10/25/2041 EUR 63.827
Beyond Housing Ltd 2.1250 5/17/2051 GBP 58.735
Nordea Kredit Realkr 1.0000 10/1/2050 DKK 74.473
TenneT Holding BV 0.5000 11/30/2040 EUR 58.499
Deutsche Wohnen SE 1.3000 4/7/2041 EUR 56.901
National Gas Transmi 1.6250 1/14/2043 GBP 54.491
Kreditanstalt fuer W 0.8750 7/4/2039 EUR 72.583
Allied Irish Banks P 12.5000 6/25/2035 GBP 55.023
Debenhams PLC 5.2500 7/15/2021 GBP 0.180
TotalEnergies Capita 1.6180 5/18/2040 EUR 71.675
Clarion Funding PLC 1.8750 9/7/2051 GBP 51.625
GTLK Europe DAC 5.1250 5/31/2024 USD 30.013
Cadent Finance PLC 2.6250 9/22/2038 GBP 71.176
Land Berlin 0.6250 1/26/2052 EUR 54.788
Quant AB 7.7620 11/15/2025 EUR 74.350
Berner Kantonalbank 0.1000 9/30/2039 CHF 69.361
Societe Du Grand Par 1.6250 4/8/2042 EUR 72.588
Slovakia Government 2.2500 6/12/2068 EUR 72.769
Euronext NV 1.5000 5/17/2041 EUR 67.490
Credit Suisse Group 5.1000 USD 70.290
Pozavarovalnica Sava 3.7500 11/7/2039 EUR 72.959
Ukraine Government I 9.7900 5/26/2027 UAH 52.531
National Grid Electr 2.0000 4/17/2040 GBP 64.528
European Financial S 0.0500 1/18/2052 EUR 42.032
Intelsat Jackson Hol 8.5000 10/15/2024 USD 0.494
Schlote Holding GmbH 6.7500 11/21/2024 EUR 65.271
BP Capital Markets P 1.1040 11/15/2034 EUR 73.425
La Poste SA 1.0000 9/17/2034 EUR 73.429
Engie SA 1.0000 10/26/2036 EUR 68.881
Credit Suisse Group 4.5000 USD 65.500
DZ HYP AG 0.3750 11/10/2034 EUR 73.411
Avangardco Investmen 10.0000 10/29/2018 USD 0.133
RTE Reseau de Transp 1.1250 9/9/2049 EUR 57.443
LEG Immobilien SE 1.5000 1/17/2034 EUR 73.678
Accent Capital PLC 2.6250 7/18/2049 GBP 66.866
Affinity Water Finan 3.2780 8/22/2042 GBP 75.057
Nestle Finance Inter 0.8750 6/14/2041 EUR 66.658
Realkredit Danmark A 1.0000 10/1/2053 DKK 68.951
LEG Immobilien SE 1.0000 11/19/2032 EUR 73.044
Eni SpA 1.0000 10/11/2034 EUR 72.693
Kenbourne Invest SA 4.7000 1/22/2028 USD 71.782
Aroundtown SA 4.7500 3/27/2032 USD 67.732
Chelyabinsk Pipe Pla 4.5000 9/19/2024 USD 21.099
Societe Du Grand Par 0.8750 5/10/2046 EUR 57.664
ABH Financial Ltd Vi 2.7000 6/11/2023 EUR 15.100
Societe Du Grand Par 1.0000 11/26/2051 EUR 53.418
Action Logement Serv 0.7500 7/19/2041 EUR 61.866
Metropolitan Housing 1.8750 7/28/2036 GBP 69.276
Altice France Holdin 6.0000 2/15/2028 USD 70.451
Petrobras Global Fin 4.5000 2/4/2033 EUR 70.174
JAB Holdings BV 3.7500 5/28/2051 USD 66.082
Solocal Group 9.0460 3/15/2025 EUR 68.999
Royal Schiphol Group 0.7500 4/22/2033 EUR 74.520
Enel Finance Interna 1.1250 10/17/2034 EUR 71.685
Hellenic Republic Go 2.0850 7/25/2057 EUR 32.515
University College L 1.6250 6/4/2061 GBP 52.215
ESB Finance DAC 1.8750 7/21/2035 GBP 73.810
Petrobras Global Fin 4.7500 4/2/2038 EUR 57.199
Deutsche Bahn Financ 0.8750 6/23/2039 EUR 68.402
Phosagro OAO Via Pho 2.6000 9/16/2028 USD 55.500
NRW Bank 0.1000 7/9/2035 EUR 69.402
GTLK Europe Capital 4.9490 2/18/2026 USD 20.425
CK Hutchison Group T 2.6250 10/17/2034 GBP 73.055
Jyske Realkredit A/S 1.0000 10/1/2053 DKK 69.010
Catalyst Housing Ltd 3.1250 10/31/2047 GBP 70.940
State of North Rhine 0.6000 6/4/2041 EUR 65.041
Covivio 0.8750 1/20/2033 EUR 74.272
Deutsche Wohnen SE 0.5000 4/7/2031 EUR 72.087
Thomas Cook Finance 3.8750 7/15/2023 EUR 0.686
LiveWest Treasury PL 2.2500 10/10/2043 GBP 66.959
Nykredit Realkredit 0.5000 10/1/2050 DKK 70.294
Grand City Propertie 2.0000 10/25/2032 EUR 71.173
Paragon Treasury Plc 2.0000 5/7/2036 GBP 71.735
M Objekt Real Estate 6.0000 7/22/2024 EUR 47.480
Nordea Kredit Realkr 1.0000 10/1/2050 DKK 70.319
Engie SA 1.3750 6/21/2039 EUR 68.201
Erste Group Bank AG 0.5000 1/12/2037 EUR 68.963
Societe Nationale SN 1.0000 5/25/2040 EUR 65.691
TenneT Holding BV 0.1250 11/30/2032 EUR 71.115
Platform HG Financin 1.9260 9/15/2041 GBP 65.434
State of North Rhine 1.5500 6/16/2048 EUR 74.270
UkrLandFarming PLC 10.8750 3/26/2018 USD 1.784
Rusal Capital DAC 5.3000 5/3/2023 USD 41.135
RTE Reseau de Transp 1.1250 7/8/2040 EUR 67.375
National Gas Transmi 1.1250 1/14/2033 GBP 68.421
BNG Bank NV 0.1250 7/9/2035 EUR 70.017
Bayer AG 1.0000 1/12/2036 EUR 69.389
Vedanta Resources Fi 9.2500 4/23/2026 USD 73.003
National Grid Electr 0.8720 11/26/2040 EUR 58.935
RTE Reseau de Transp 0.7500 1/12/2034 EUR 74.841
Avanti Communication 9.0000 10/1/2022 USD 14.217
SABIC Capital I BV 3.0000 9/14/2050 USD 72.942
Nordea Kredit Realkr 1.0000 10/1/2053 DKK 69.006
Uralkali OJSC Via Ur 4.0000 10/22/2024 USD 19.366
Sovcombank Via SovCo 7.7500 USD 3.379
European Financial S 1.7500 7/17/2053 EUR 73.098
Wales & West Utiliti 1.8750 5/28/2041 GBP 63.467
Suek Securities DAC 3.3750 9/15/2026 USD 30.002
Niedersachsen Invest 0.2500 7/16/2035 EUR 71.692
Cardiff University 3.0000 12/7/2055 GBP 73.505
Karlou BV 7.7500 6/18/2024 USD 11.451
Notting Hill Genesis 3.2500 10/12/2048 GBP 71.685
WPP Finance 2013 2.8750 9/14/2046 GBP 63.389
Societe Du Grand Par 1.7000 5/25/2050 EUR 67.861
Cirio Finance Luxemb 7.5000 11/3/2002 EUR 2.000
Assura Financing PLC 1.6250 6/30/2033 GBP 70.785
Agence Francaise de 0.3750 5/25/2036 EUR 67.227
Orange SA 0.7500 6/29/2034 EUR 73.166
ABN AMRO Bank NV 0.4000 9/17/2041 EUR 61.170
ABN AMRO Bank NV 0.6250 1/24/2037 EUR 71.634
Wendel SE 1.3750 1/18/2034 EUR 73.000
Gazprom PJSC Via Gaz 5.1500 2/11/2026 USD 74.452
Severn Trent Utiliti 2.0000 6/2/2040 GBP 66.213
Gazprom PJSC via Gaz 3.2500 2/25/2030 USD 69.975
Societe Nationale SN 0.8750 2/28/2051 EUR 49.418
Uliving@essex3 LLP 2.7200 8/31/2066 GBP 62.550
FF Group Finance Lux 1.7500 7/3/2019 EUR 4.548
EWE AG 0.3750 10/22/2032 EUR 71.124
Orange SA 0.6250 12/16/2033 EUR 73.505
Aggregate Holdings S 5.5000 5/17/2024 EUR 39.420
Claranova SE 5.0000 7/1/2023 EUR 1.090
Prosus NV 3.8320 2/8/2051 USD 62.890
WD Invest Sarl 1.9000 10/2/2024 EUR 10.833
Societa di Progetto 3.3750 12/31/2038 EUR 71.996
Italgas SpA 0.5000 2/16/2033 EUR 71.746
Yandex NV 0.7500 9/13/2022 USD 69.360
Ile-de-France Mobili 0.6750 11/24/2036 EUR 69.893
Lithuania Government 0.7500 7/15/2051 EUR 49.957
Northern Powergrid Y 2.2500 10/9/2059 GBP 58.402
Simpar Europe SA 5.2000 1/26/2031 USD 68.871
Nykredit Realkredit 0.5000 10/1/2053 DKK 68.297
Ville de Paris 1.2000 6/25/2039 EUR 71.804
Peabody Capital No 2 3.2500 9/14/2048 GBP 72.669
OGX Austria GmbH 8.3750 4/1/2022 USD 0.263
City of Lugano Switz 0.1500 11/28/2070 CHF 44.832
Thames Water Utiliti 2.3750 4/22/2040 GBP 66.337
Caisse Francaise de 0.6250 1/20/2042 EUR 63.492
BPCE SA 3.5820 10/19/2042 USD 69.810
Saleza AS 9.0000 7/12/2021 EUR 0.203
Gazprom PJSC Via Gaz 4.9500 2/6/2028 USD 73.875
Cie Generale des Eta 0.6250 11/2/2040 EUR 63.510
Free and Hanseatic C 0.2500 2/18/2041 EUR 61.070
Serbia International 1.6500 3/3/2033 EUR 64.790
Zurich Finance Irela 1.6250 6/17/2039 EUR 73.977
Onward Homes Ltd 2.1250 3/25/2053 GBP 56.348
Nationale-Nederlande 0.0500 11/12/2040 EUR 58.166
Realkredit Danmark A 1.0000 10/1/2053 DKK 63.450
Genfit SA 3.5000 10/16/2025 EUR 26.994
PJSC Koks via IMH Ca 5.9000 9/23/2025 USD 7.483
Argenta Spaarbank NV 0.5000 10/8/2041 EUR 61.900
Cadent Finance PLC 2.2500 10/10/2035 GBP 72.386
Hellas Telecommunica 6.0540 1/15/2015 USD 0.014
Trinseo Materials Op 5.1250 4/1/2029 USD 70.981
La Poste SA 0.6250 1/18/2036 EUR 67.371
Single Platform Inve 4.0200 7/1/2052 EUR 64.902
Orpea SA 2.3000 3/6/2025 EUR 27.553
Achmea Bank NV 0.2500 9/29/2036 EUR 68.147
Region Wallonne Belg 0.6500 1/16/2051 EUR 48.327
Deutsche Bahn Financ 0.7500 7/16/2035 EUR 72.536
State of North Rhine 0.7500 8/16/2041 EUR 66.548
Jyske Realkredit A/S 1.0000 10/1/2050 DKK 70.331
Saltaire Finance PLC 1.5270 11/23/2051 GBP 54.477
City of Lausanne Swi 0.6000 7/6/2050 CHF 66.024
PREOS Global Office 7.5000 12/9/2024 EUR 40.250
University of Southa 2.2500 4/11/2057 GBP 59.504
Motability Operation 2.1250 1/18/2042 GBP 68.018
UK Municipal Bonds A 1.6250 8/26/2060 GBP 46.914
City of Lausanne Swi 0.6800 3/11/2058 CHF 60.686
Communaute Francaise 0.6250 6/11/2035 EUR 71.311
Landwirtschaftliche 0.6250 10/31/2036 EUR 73.384
Ukreximbank Via Biz 9.7500 1/22/2025 USD 32.594
Linde PLC 0.3750 9/30/2033 EUR 73.174
Manchester Airport G 2.8750 3/31/2039 GBP 73.983
TechnipFMC PLC 3.7500 10/7/2033 EUR 69.543
City of Lausanne Swi 0.5400 11/6/2062 CHF 53.437
Deutsche Lichtmiete 5.7500 1/1/2023 EUR 2.000
CRC Breeze Finance S 6.1100 5/8/2026 EUR 74.352
Bulgaria Government 1.5000 6/21/2039 BGN 47.997
Havila Shipping ASA 7.7600 1/2/2025 NOK 39.917
National Grid Electr 1.6250 10/7/2035 GBP 68.423
Banco Santander SA 0.1000 2/27/2032 EUR 74.846
Cyprus Government In 1.2500 1/21/2040 EUR 66.191
Land Securities Capi 2.7500 9/22/2059 GBP 65.061
WM Morrison Supermar 2.5000 10/1/2031 GBP 65.517
Nykredit Realkredit 0.5000 10/1/2053 DKK 66.467
Enexis Holding NV 0.3750 4/14/2033 EUR 73.792
Parnassia Groep BV 1.2000 12/1/2051 EUR 64.277
London & Quadrant Ho 2.7500 7/20/2057 GBP 61.471
Lithuania Government 1.6250 6/19/2049 EUR 66.887
Nationwide Building 0.5000 5/5/2041 EUR 63.029
London & Quadrant Ho 2.0000 10/20/2038 GBP 65.764
Terragon AG 6.5000 5/24/2024 EUR 5.000
Bayerische Landesbod 0.2500 3/21/2036 EUR 70.409
London & Quadrant Ho 3.1250 2/28/2053 GBP 68.030
Russian Foreign Bond 4.2500 6/23/2027 USD 41.836
Communaute Francaise 2.3000 4/25/2089 EUR 73.278
Lehman Brothers UK C 3.8750 EUR 18.750
Social Chain AG /The 5.7500 4/7/2024 EUR 73.000
Nostrum Oil & Gas Fi 8.0000 7/25/2022 USD 25.959
European Financial S 1.2000 2/17/2045 EUR 70.477
City of Lausanne Swi 0.0500 9/28/2054 CHF 50.286
Region de Bruxelles- 1.1210 5/11/2071 EUR 47.822
Orpea SA 3.0000 11/25/2041 EUR 27.560
European Financial S 1.3750 5/31/2047 EUR 71.667
Ministeries Van de V 0.8750 3/21/2046 EUR 58.908
Celtic Resources Hol 4.1250 10/9/2024 USD 12.302
Canary Wharf Group I 3.3750 4/23/2028 GBP 74.263
State of Bremen 0.5000 5/6/2041 EUR 63.750
Lukoil Capital DAC 3.6000 10/26/2031 USD 69.109
Stonewater Funding P 1.6250 9/10/2036 GBP 68.412
National Grid Electr 2.0000 9/16/2038 GBP 66.232
Nordea Kredit Realkr 1.0000 10/1/2053 DKK 73.716
Barclays Bank PLC 12.0000 9/24/2025 TRY 62.215
European Financial S 0.7000 1/20/2050 EUR 56.651
EYEMAXX Real Estate 5.5000 9/24/2024 EUR 2.163
NPC Ukrenergo 6.8750 11/9/2028 USD 17.722
Platform HG Financin 1.6250 8/10/2055 GBP 48.993
MMC Norilsk Nickel O 6.6250 10/14/2022 USD 72.056
BAWAG PSK Bank fuer 0.6250 6/19/2034 EUR 75.024
Croatia Government B 1.2500 3/3/2040 EUR 65.590
Cooperatieve Raboban 0.0100 11/27/2040 EUR 57.477
Royalty Pharma PLC 3.3000 9/2/2040 USD 71.857
Liquid Telecommunica 5.5000 9/4/2026 USD 74.107
Ile-de-France Mobili 0.9500 5/28/2041 EUR 65.607
Jyske Realkredit A/S 0.5000 10/1/2050 DKK 70.496
ING-DiBa AG 1.0000 5/23/2039 EUR 72.588
SNCF Reseau 0.7500 5/25/2036 EUR 71.658
Ukraine Government I 7.2530 3/15/2035 USD 18.083
Telenor ASA 0.8750 2/14/2035 EUR 72.869
Credit Agricole Ital 0.1250 3/15/2033 EUR 70.812
FF Group Finance Lux 3.2500 11/2/2021 CHF 5.533
Thomas Cook Group PL 6.2500 6/15/2022 EUR 0.305
MHP SE 7.7500 5/10/2024 USD 51.337
Cooperatieve Raboban 0.5000 10/29/2027 MXN 62.030
Salerno Pompei Napol 2.8000 1/19/2045 EUR 71.221
Alitalia-Societa Aer 5.2500 7/30/2020 EUR 0.100
State of Rhineland-P 0.3750 4/1/2041 EUR 62.724
NAK Naftogaz Ukraine 7.6250 11/8/2026 USD 18.940
Espirito Santo Finan 9.7500 12/19/2025 EUR 0.622
BAWAG PSK Bank fuer 0.3750 3/25/2041 EUR 61.076
Kommunekredit 0.0100 5/4/2034 EUR 71.418
Nordea Kredit Realkr 0.5000 10/1/2050 DKK 70.405
Regiao Autonoma Made 1.1410 12/4/2034 EUR 71.879
Alfa Bank AO Via Alf 5.5000 10/26/2031 USD 3.455
Realkredit Danmark A 1.0000 10/1/2053 DKK 73.578
Deutsche Lichtmiete 5.2500 9/1/2025 EUR 3.660
Aster Treasury Plc 1.4050 1/27/2036 GBP 69.033
EDOB Abwicklungs AG 7.5000 4/1/2012 EUR 1.537
Espirito Santo Finan 6.8750 10/21/2019 EUR 0.001
Privatbank CJSC Via 10.2500 1/23/2018 USD 3.100
Housing & Care 21 3.2880 11/8/2049 GBP 73.783
City of Lausanne Swi 0.6000 11/30/2056 CHF 61.065
Gazprom PJSC via Gaz 3.5000 7/14/2031 USD 65.076
Deutsche Lichtmiete 5.7500 12/1/2023 EUR 11.074
Scottish Hydro Elect 2.1250 3/24/2036 GBP 72.962
Land Berlin 0.1000 1/18/2041 EUR 59.001
Ile-de-France Mobili 0.2000 11/16/2035 EUR 67.304
Vnesheconombank Via 6.8000 11/22/2025 USD 5.360
Credit Bank of Mosco 7.1210 6/25/2024 USD 23.470
State of Lower Saxon 0.0500 3/9/2035 EUR 70.263
NRW Bank 0.5000 6/17/2041 EUR 64.468
ABN AMRO Bank NV 1.1250 4/23/2039 EUR 74.272
Gazprom PJSC via Gaz 4.5985 USD 53.000
Stobart Finance PLC 2.7500 5/8/2024 GBP 71.023
Constellation Automo 4.8750 7/15/2027 GBP 71.688
ESFIL-Espirito Santo 5.2500 6/12/2015 EUR 0.111
Pierre Et Vacances S 2.0000 4/1/2023 EUR 27.289
MHP Lux SA 6.2500 9/19/2029 USD 47.628
Bilt Paper BV 10.3600 USD 1.245
Autonomous Community 0.7000 7/30/2033 EUR 74.267
Turkiye Ihracat Kred 12.5400 9/14/2028 TRY 54.013
State of North Rhine 1.0000 10/16/2046 EUR 65.965
Grand City Propertie 2.0810 8/8/2034 EUR 73.773
BAWAG PSK Bank fuer 0.0100 11/19/2035 EUR 65.730
Russian Foreign Bond 7.5000 3/31/2030 USD 65.167
Autonomous Community 1.5150 6/21/2051 EUR 64.933
Kingdom of Belgium G 0.4586 7/23/2079 EUR 30.158
Kuntarahoitus Oyj 0.0500 9/10/2035 EUR 69.277
Hamon & CIE SA 3.3000 1/31/2035 EUR 46.000
Air Berlin PLC 5.6250 5/9/2019 CHF 0.233
M2 Asset Management 7.1100 2/4/2026 SEK 71.333
Fastighets AB Balder 1.2930 3/3/2031 EUR 62.861
Anchor Hanover Group 2.0000 7/21/2051 GBP 56.163
Ukraine Government I 11.6700 11/22/2023 UAH 72.564
Lehman Brothers UK C 5.1250 EUR 18.765
Ministeries Van de V 1.8630 2/28/2048 EUR 69.938
Virgolino de Oliveir 11.7500 2/9/2022 USD 0.499
Action Logement Serv 0.5000 10/30/2034 EUR 72.095
Bulgaria Government 0.5000 12/21/2029 BGN 74.695
South Eastern Power 1.7500 9/30/2034 GBP 73.845
Investitionsbank Ber 0.0500 3/2/2035 EUR 70.090
TenneT Holding BV 1.1250 6/9/2041 EUR 65.326
Motability Operation 1.5000 1/20/2041 GBP 61.592
Metinvest BV 8.5000 4/23/2026 USD 54.506
Bourbon Corp 11.6520 EUR 0.887
Junta de Castilla y 1.2750 4/7/2049 EUR 57.088
Ukraine Government B 10.9500 11/1/2023 UAH 73.744
Banco Espirito Santo 7.1250 11/28/2023 EUR 0.110
Rallye SA 1.0000 2/28/2032 EUR 3.623
Yuksel Insaat AS 9.5000 11/10/2015 USD 0.500
Jyske Realkredit A/S 1.0000 10/1/2053 DKK 73.811
Saltaire Finance PLC 2.7110 5/9/2052 GBP 71.003
de Volksbank NV 0.3750 9/16/2041 EUR 60.174
United Kingdom Gilt 1.2500 7/31/2051 GBP 55.723
Cyprus Government In 2.2500 4/16/2050 EUR 73.661
BPCE SA 3.5820 10/19/2042 USD 69.802
Raiffeisenlandesbank 0.5000 1/22/2035 EUR 72.545
Autonomous Community 2.9650 9/8/2039 JPY 64.597
Nykredit Realkredit 1.5000 10/1/2053 DKK 69.859
Russian Foreign Bond 5.8750 9/16/2043 USD 59.599
Ministeries Van de V 0.1250 10/15/2035 EUR 66.909
Nordea Kredit Realkr 1.5000 10/1/2053 DKK 69.926
CCEP Finance Ireland 1.5000 5/6/2041 EUR 69.647
Air Liquide Finance 0.3750 9/20/2033 EUR 74.740
Republic of Belarus 6.8750 2/28/2023 USD 37.653
Russian Federal Bond 7.1000 5/15/2041 RUB 74.065
Pfandbriefbank schwe 0.2500 10/6/2042 CHF 72.017
Banca Popolare di Vi 9.5000 9/29/2025 EUR 0.380
Republic of Poland G 1.7500 4/25/2032 PLN 70.204
European Primary Pla 1.7320 11/9/2055 GBP 53.346
Orbit Capital PLC 3.3750 6/14/2048 GBP 74.002
Gazprom PJSC via Gaz 2.9500 1/27/2029 USD 67.905
VST Building Technol 7.0000 6/28/2024 EUR 0.231
Iberdrola Finanzas S 1.0000 2/2/2037 EUR 70.568
Hidrovias Internatio 4.9500 2/8/2031 USD 74.374
Deutsche Lichtmiete 5.2500 2/1/2027 EUR 3.910
Region de Bruxelles- 1.2200 6/23/2053 EUR 59.363
Paradigm Homes Chari 2.2500 5/20/2051 GBP 60.656
Serbia International 2.0500 9/23/2036 EUR 59.980
Severn Trent Utiliti 0.0100 12/16/2055 GBP 52.637
Sibur Securities DAC 4.1250 10/5/2023 USD 62.554
Land Berlin 0.3500 9/9/2050 EUR 50.568
Nordea Kredit Realkr 1.5000 10/1/2053 DKK 73.583
Bellis Finco PLC 4.0000 2/16/2027 GBP 73.425
Holcim US Finance Lu 2.2400 10/15/2031 USD 73.685
Polski Fundusz Rozwo 2.0000 3/5/2030 PLN 73.308
NRW Bank 1.2500 3/21/2044 EUR 72.981
adidas AG 0.6250 9/10/2035 EUR 72.094
Nationale-Nederlande 0.3750 3/4/2041 EUR 61.722
Norske Skogindustrie 2.0000 12/30/2115 EUR 0.113
State of Bremen 0.1500 9/14/2040 EUR 60.028
Nykredit Realkredit 0.5000 10/1/2050 DKK 68.735
Zurich Finance Irela 1.6000 12/17/2052 EUR 73.043
Notting Hill Genesis 2.0000 6/3/2036 GBP 70.165
Abengoa Abenewco 2 B 1.5000 4/26/2024 USD 0.568
Caisse Francaise de 0.1250 2/15/2036 EUR 67.030
Gazprom PJSC via Gaz 1.5000 2/17/2027 EUR 67.798
blueplanet Investmen 5.5000 2/26/2026 EUR 24.106
New World Resources 8.0000 4/7/2020 EUR 0.114
Region of Ile de Fra 0.6100 7/2/2040 EUR 62.676
Norwegian Air Shuttl 7.1370 2/7/2023 SEK 40.676
Holcim Sterling Fina 2.2500 4/4/2034 GBP 74.177
City of Lausanne Swi 0.2300 11/1/2060 CHF 47.922
Deutsche Wohnen SE 2.0000 3/28/2034 EUR 72.039
Vonovia Finance BV 1.6250 10/7/2039 EUR 65.722
Landeskreditbank Bad 0.6100 11/17/2050 EUR 57.260
Prosus NV 4.0270 8/3/2050 USD 65.571
Agence France Locale 2.5500 3/20/2036 AUD 72.537
State of North Rhine 0.3750 9/2/2050 EUR 51.011
Nederlandse Watersch 0.3750 9/28/2046 EUR 55.318
State of North Rhine 0.5000 11/25/2039 EUR 66.057
Kernel Holding SA 6.5000 10/17/2024 USD 47.250
Cooperatieve Raboban 0.5000 7/30/2043 MXN 13.624
Elli Finance UK PLC 8.7500 6/15/2019 GBP 60.435
Norske Skogindustrie 7.0000 12/30/2026 EUR 0.010
Ukraine Government I 15.8400 2/26/2025 UAH 66.586
Tresu Investment Hol 7.1280 1/2/2025 EUR 44.436
Abengoa Abenewco 2 B 1.5000 4/26/2024 USD 0.568
Vier Gas Transport G 0.5000 9/10/2034 EUR 69.146
Kreditanstalt fuer W 1.1000 9/16/2051 EUR 65.708
BNG Bank NV 0.2500 11/22/2036 EUR 68.005
Clarion Funding PLC 1.2500 11/13/2032 GBP 72.112
Hylea Group SA 7.2500 12/1/2022 EUR 0.400
UniCredit Bank Austr 0.0500 9/21/2035 EUR 67.440
Martlet Homes Ltd 3.0000 5/9/2052 GBP 70.664
Ministeries Van de V 1.5000 4/11/2044 EUR 70.644
Basque Government 1.3750 10/31/2070 EUR 43.671
Raiffeisen-Landesban 0.5000 5/27/2041 EUR 62.114
Gazprom PJSC Via Gaz 4.9500 3/23/2027 USD 71.400
Southern Gas Network 1.2500 12/2/2031 GBP 74.142
Motability Operation 2.3750 7/3/2039 GBP 73.963
Region Wallonne Belg 1.0500 6/22/2040 EUR 66.892
Ukraine Government I 4.3750 1/27/2032 EUR 17.218
Muenchener Hypotheke 0.4000 8/11/2031 EUR 73.671
East Slope Residenci 0.1000 2/28/2062 GBP 68.416
Free State of Bavari 0.0100 1/18/2035 EUR 70.603
Autobahnen- und Schn 0.1000 7/16/2035 EUR 70.469
Severstal OAO Via St 3.1500 9/16/2024 USD 4.480
La Banque Postale Ho 0.2500 2/12/2035 EUR 70.736
State of North Rhine 0.8000 7/30/2049 EUR 59.744
Hacienda Investments 5.3500 2/8/2028 USD 43.854
Lehman Brothers UK C 5.7500 EUR 7.000
AXA Home Loan SFH SA 0.1250 6/25/2035 EUR 68.829
New World Resources 4.0000 10/7/2020 EUR 0.018
Ukraine Government B 19.5900 12/4/2024 UAH 65.787
Emissionszentrale fu 0.1500 9/9/2041 CHF 73.293
Jyske Realkredit A/S 1.5000 10/1/2053 DKK 73.583
Banco Espirito Santo 5.4510 EUR 0.295
Nykredit Realkredit 1.0000 10/1/2053 DKK 63.497
Muenchener Hypotheke 0.2500 5/2/2036 EUR 69.177
State of Bremen 0.4500 2/24/2051 EUR 51.800
Ukraine Government B 19.7500 5/21/2025 UAH 65.610
Land Berlin 0.1250 6/4/2035 EUR 70.412
Sairgroup Finance BV 4.3750 6/8/2006 EUR 1.964
Nederlandse Watersch 0.5000 4/26/2051 EUR 51.990
de Volksbank NV 0.1250 11/19/2040 EUR 58.764
Kreditanstalt fuer W 0.3750 5/20/2036 EUR 71.690
SNCF Reseau 0.3500 7/25/2047 EUR 73.961
Alno AG 8.5000 5/14/2018 EUR 16.917
Penarian Housing Fin 3.2120 6/7/2052 GBP 74.052
BPCE SFH SA 0.5000 1/23/2035 EUR 72.968
Mallinckrodt Interna 10.0000 4/15/2025 USD 68.024
Aroundtown SA 3.2500 11/12/2032 EUR 65.940
Air Berlin Finance B 8.5000 3/6/2019 EUR 0.330
Credit Suisse AG/Lon 9.0000 4/22/2024 USD 31.750
Veneto Banca SpA 9.8776 12/1/2025 EUR 0.711
National Grid Electr 1.6080 8/24/2040 GBP 48.874
Landesbank Hessen-Th 0.5000 1/19/2037 EUR 71.039
Sberbank of Russia V 5.1250 10/29/2022 USD 32.467
Barclays Bank PLC 2.6000 1/31/2028 EUR 66.540
Canton of St Gallen 0.2000 11/28/2041 CHF 74.417
Muenchener Hypotheke 1.0000 4/18/2039 EUR 73.265
SRV Group Oyj 4.8750 EUR 56.000
GN Store Nord AS 1.9700 3/3/2036 EUR 74.935
Banco Espirito Santo 5.2710 EUR 2.270
Nederlandse Gasunie 0.7500 10/13/2036 EUR 67.207
Midland Heart Capita 1.8310 8/12/2050 GBP 54.258
Kommunekredit 0.3750 2/3/2045 DKK 57.748
Bromford Housing Gro 2.5540 3/17/2054 GBP 60.430
Blend Funding PLC 2.4670 6/16/2061 GBP 55.039
Russian Foreign Bond 5.6250 4/4/2042 USD 63.500
Virgolino de Oliveir 10.5000 1/28/2018 USD 0.499
Aeroports de la Cote 2.5000 7/9/2036 EUR 74.847
State of Saarland 0.0500 11/5/2040 EUR 59.272
Ukraine Government I 7.7500 9/1/2029 USD 19.984
Tinkoff Bank JSC Via 6.0000 USD 41.107
Realkredit Danmark A 1.5000 10/1/2053 DKK 73.531
Gemeente Bergen OP Z 0.4400 9/20/2044 EUR 58.521
Barclays Bank PLC 0.5000 1/28/2033 MXN 34.253
Dexia SA 4.2920 EUR 3.120
Abengoa Abenewco 2 S 1.5000 10/26/2024 USD 0.827
Pfandbriefzentrale d 0.2000 5/22/2042 CHF 71.564
LiveWest Treasury PL 1.8750 2/18/2056 GBP 52.736
Russian Foreign Bond 4.3750 3/21/2029 USD 40.646
State of Brandenburg 0.0500 8/10/2040 EUR 59.046
Magyar Export-Import 2.0000 10/27/2027 HUF 66.752
Evraz PLC 5.2500 4/2/2024 USD 52.615
MHP Lux SA 6.9500 4/3/2026 USD 48.898
Irish Bank Resolutio 0.5660 6/21/2016 EUR 0.679
Muenchener Hypotheke 0.2500 3/29/2041 CHF 73.262
Realkredit Danmark A 0.5000 10/1/2050 DKK 70.311
Abengoa Abenewco 1 S 6.0000 6/10/2022 EUR 0.435
Ukraine Government I 7.7500 9/1/2026 USD 20.488
Muenchener Hypotheke 0.1250 9/5/2035 EUR 69.403
Caisse Francaise de 0.5000 10/1/2046 EUR 56.651
Intesa Sanpaolo SpA 1.4000 2/8/2031 GBP 71.466
Flextronics Internat 3.6000 12/6/2031 HUF 66.000
Nordea Kredit Realkr 0.5000 10/1/2050 DKK 68.880
Eastern Power Networ 1.8750 6/1/2035 GBP 73.366
Northern Electric Fi 2.7500 5/24/2049 GBP 69.669
Autonomous Community 2.3000 5/24/2049 EUR 72.260
Pfandbriefbank schwe 0.2500 3/15/2041 CHF 73.533
Schoeller Packaging 6.3750 11/1/2024 EUR 67.698
Land Thueringen 0.1250 1/13/2051 EUR 46.207
Agrokor dd 9.8750 5/1/2019 EUR 15.000
Muenchener Hypotheke 0.0100 11/2/2040 EUR 58.082
Master & Fellows of 3.0680 4/28/2065 GBP 72.126
Mobile Telesystems O 5.0000 5/30/2023 USD 25.390
Cooperatieve Raboban 0.5000 10/30/2043 MXN 13.225
Diebold Nixdorf Dutc 9.0000 7/15/2025 EUR 66.164
Romanian Government 2.8750 4/13/2042 EUR 59.654
Channel Link Enterpr 3.8480 6/30/2050 GBP 71.577
Ile-de-France Mobili 1.0000 12/2/2043 EUR 62.834
Aragvi Finance Inter 8.4500 4/29/2026 USD 73.508
Single Platform Inve 0.7000 9/20/2041 EUR 60.620
Land Thueringen 0.1000 7/9/2035 EUR 69.958
ALROSA Finance SA 3.1000 6/25/2027 USD 10.200
AXA Bank Europe SCF 0.2500 6/9/2040 EUR 60.921
State of Lower Saxon 0.2500 4/15/2036 EUR 69.938
Metalloinvest Financ 3.3750 10/22/2028 USD 53.000
Russian Foreign Bond 5.1000 3/28/2035 USD 41.063
BPCE SFH SA 0.3750 3/18/2041 EUR 61.168
Ideal Standard Inter 6.3750 7/30/2026 EUR 50.666
Ukraine Government I 6.8760 5/21/2031 USD 18.519
Nordea Kredit Realkr 0.5000 10/1/2053 DKK 66.498
Cirio Holding Luxemb 6.2500 2/16/2004 EUR 0.750
Espirito Santo Finan 3.1250 12/2/2018 EUR 0.622
NRW Bank 1.2500 5/13/2049 EUR 70.039
Heimstaden Bostad AB 2.8000 5/4/2035 EUR 66.182
LBI ehf 6.1000 8/25/2011 USD 10.162
Pfandbriefbank schwe 0.3750 1/24/2042 CHF 74.732
Metinvest BV 7.7500 10/17/2029 USD 50.000
Free and Hanseatic C 0.2000 9/3/2049 EUR 49.290
Kreditanstalt fuer W 1.0000 10/19/2050 EUR 64.017
KTG Agrar SE 7.1250 6/6/2017 EUR 2.001
Hospices Civils de L 0.5970 11/24/2031 EUR 74.667
Romanian Government 3.3750 1/28/2050 EUR 61.369
Blend Funding PLC 3.5080 5/4/2057 GBP 73.771
Lukoil International 4.7500 11/2/2026 USD 74.399
DekaBank Deutsche Gi 1.1000 11/25/2030 EUR 73.033
Sidetur Finance BV 10.0000 4/20/2016 USD 0.770
Muenchener Hypotheke 0.0100 10/19/2039 EUR 59.777
Development Bank of 6.7500 5/2/2024 USD 40.333
Abengoa Abenewco 2 S 1.5000 10/26/2024 USD 1.153
Steilmann SE 7.0000 9/23/2018 EUR 1.429
Orbit Capital PLC 2.0000 11/24/2038 GBP 66.501
Norddeutsche Landesb 0.9000 7/5/2032 EUR 74.189
DLR Kredit A/S 1.5000 10/1/2053 DKK 74.457
Herens Midco Sarl 5.2500 5/15/2029 EUR 68.167
Banca Popolare di Vi 2.8210 12/20/2017 EUR 0.396
State Savings Bank o 11.9957 1/19/2024 USD 32.488
Romanian Government 1.7500 7/13/2030 EUR 73.936
Credit Bank of Mosco 5.5500 2/14/2023 USD 21.807
Sberbank of Russia V 5.2500 5/23/2023 USD 32.633
Raiffeisenlandesbank 0.3750 1/15/2035 EUR 71.260
Mallinckrodt Interna 10.0000 6/15/2029 USD 54.000
Region de Bruxelles- 1.4000 3/11/2054 EUR 59.649
Gazprom PJSC via Gaz 3.8970 EUR 56.086
Landwirtschaftliche 0.0100 11/26/2040 EUR 58.938
OGX Austria GmbH 8.3750 4/1/2022 USD 0.263
INVEST-DEVELOPMENT P 9.0000 4/2/2026 RUB 24.010
MMK International Ca 4.3750 6/13/2024 USD 26.505
State of Brandenburg 0.6000 10/13/2051 EUR 54.349
Wirtschafts- und Inf 0.5000 8/28/2046 EUR 54.000
DZ Bank AG Deutsche 1.0550 3/11/2031 EUR 72.286
Odea Bank AS 8.6060 8/1/2027 USD 74.978
Island Offshore Ship 5.6800 6/30/2024 NOK 30.000
Ukraine Government I 7.7500 9/1/2025 USD 21.710
Stichting Afwikkelin 5.1430 EUR 44.375
Ukraine Government I 7.3750 9/25/2034 USD 17.934
Romanian Government 4.0000 2/14/2051 USD 69.597
DLR Kredit A/S 1.0000 10/1/2053 DKK 74.669
State of Brandenburg 0.5000 11/21/2039 EUR 66.258
Malta Government Bon 1.8000 8/28/2051 EUR 64.130
Ukraine Government I 8.9940 2/1/2026 USD 20.846
Ville de Paris 0.6500 11/25/2070 EUR 35.024
Societe Generale SA 14.0000 1/10/2025 USD 72.800
Privatbank CJSC Via 11.0000 2/9/2021 USD 1.000
Intesa Sanpaolo SpA 2.5000 10/14/2031 USD 73.866
Sovcombank Via SovCo 7.6000 USD 4.521
Pfandbriefbank schwe 0.1250 8/17/2040 CHF 72.506
Canton of Geneva Swi 0.5000 10/31/2056 CHF 66.444
Dexia Credit Local S 3.5330 EUR 2.688
Alfa Bank AO Via Alf 5.9500 4/15/2030 USD 3.710
Department of L'Eure 0.5150 5/25/2040 EUR 61.210
Luzerner Kantonalban 0.1600 12/23/2043 CHF 68.827
Nykredit Realkredit 1.0000 10/1/2050 DKK 70.212
Evraz PLC 5.3750 3/20/2023 USD 49.442
Transports Publics D 0.4500 12/29/2056 CHF 62.314
Russian Foreign Bond 5.2500 6/23/2047 USD 40.858
PIK Securities DAC 5.6250 11/19/2026 USD 41.750
Ministeries Van de V 1.0000 1/23/2051 EUR 56.723
Barclays Bank PLC 5.0000 11/1/2029 BRL 61.912
State of Schleswig-H 0.2000 8/15/2039 EUR 63.152
Cirio Finanziaria Sp 8.0000 12/21/2005 EUR 0.125
Standard Chartered B 3.0000 4/30/2036 AUD 71.184
Single Platform Inve 1.2200 8/24/2047 EUR 62.562
Signa Development Fi 5.5000 7/23/2026 EUR 74.137
Canton of Zurich 0.1000 6/23/2045 CHF 69.542
SAir Group 0.1250 7/7/2005 CHF 11.500
Transcapitalbank JSC 10.0000 USD 63.932
Rhaetische Bahn AG R 0.0500 8/3/2050 CHF 61.251
Land Baden-Wuerttemb 0.1250 11/19/2040 EUR 59.957
Aktia Bank Oyj 0.8000 2/26/2036 EUR 70.014
Sovcombank Via SovCo 7.7500 USD 3.379
Hungary Government I 3.1250 9/21/2051 USD 61.833
Region Wallonne Belg 1.8050 1/24/2040 EUR 74.064
UniCredit Bank AG 0.0100 1/21/2036 EUR 67.383
LSF9 Balta Issuer SA 3.0000 12/31/2030 EUR 61.983
Credit Agricole SA 4.4000 2/24/2042 AUD 66.072
Aroundtown SA 2.9700 9/26/2033 EUR 61.762
Novolipetsk Steel Vi 4.0000 9/21/2024 USD 63.444
SNCF Reseau 2.0000 2/5/2048 EUR 72.788
Realkredit Danmark A 0.5000 10/1/2053 DKK 68.296
Banco Espirito Santo 6.8750 7/15/2016 EUR 25.375
Agence France Locale 0.2100 12/20/2035 EUR 67.623
Waste Italia SpA 10.5000 11/15/2019 EUR 0.550
Credit Suisse Intern 9.5000 3/24/2026 UAH 65.080
Region Wallonne Belg 1.2500 6/22/2071 EUR 51.439
Republic of Belarus 6.2000 2/28/2030 USD 32.000
Realkredit Danmark A 0.5000 10/1/2053 DKK 66.481
Pfandbriefbank schwe 0.5000 1/25/2044 CHF 74.906
Nostrum Oil & Gas Fi 7.0000 2/16/2025 USD 25.941
Credit Suisse AG/Lon 2.3000 9/24/2031 USD 68.929
Tennor Finance BV 5.7500 6/17/2024 EUR 70.000
Republic of Belarus 7.6250 6/29/2027 USD 41.810
Dublin Port Co 2.4060 9/30/2049 EUR 72.429
Solarworld AG 9.6910 2/24/2019 EUR 14.875
CBo Territoria 3.7500 7/1/2024 EUR 4.740
City of Bern Switzer 0.0400 10/2/2070 CHF 44.928
BPCE SA 0.5000 10/21/2034 EUR 72.803
Region de Bruxelles- 0.2740 12/11/2040 EUR 55.685
Alpine Holding GmbH 5.2500 7/1/2015 EUR 0.534
Metinvest BV 5.6250 6/17/2025 EUR 55.552
Kuntarahoitus Oyj 0.9400 6/9/2064 EUR 64.746
Norwegian Air Shuttl 7.5000 11/10/2023 USD 73.395
Canton of Ticino 0.4000 6/27/2044 CHF 73.412
Wingholding Zrt 3.5000 5/20/2030 HUF 74.430
MVM Energetika Zrt 3.2500 9/3/2031 HUF 65.000
Grand City Propertie 2.5000 6/27/2039 EUR 63.396
Bayerische Landesban 1.5500 2/13/2040 EUR 56.381
Havenbedrijf Rotterd 1.1000 3/23/2051 EUR 62.309
La Financiere Atalia 6.6250 5/15/2025 GBP 66.207
DLR Kredit A/S 1.0000 10/1/2050 DKK 71.684
Bank of Valletta PLC 3.7500 6/15/2031 EUR 73.617
UniCredit Bank Austr 0.1500 4/29/2033 EUR 72.852
Bank Nadra Via NDR F 8.2500 7/31/2018 USD 0.208
Ile-de-France Mobili 1.5860 2/23/2052 EUR 65.905
Pershing Square Hold 3.0000 7/15/2032 USD 74.366
Wessex Water Service 1.2500 1/12/2036 GBP 63.591
Jain International T 7.1250 2/1/2022 USD 22.000
Land Berlin 0.1250 11/24/2045 EUR 52.409
Senivita Social Esta 6.5000 5/12/2025 EUR 3.610
Kommunekredit 0.5000 6/19/2039 DKK 66.778
Autonomous Community 1.9310 4/4/2042 EUR 73.383
Metinvest BV 7.6500 10/1/2027 USD 53.113
TBI Bank EAD 5.2500 7/30/2031 EUR 49.300
Deutsche Wohnen SE 2.1250 9/26/2033 EUR 72.980
Republic of Belarus 5.8750 2/24/2026 USD 42.013
Offshore Drilling Ho 8.3750 9/20/2020 USD 3.000
Nationale-Nederlande 0.0500 9/24/2035 EUR 67.714
Credit Suisse AG/Lon 2.6000 1/27/2032 USD 69.810
Polyus Finance PLC 3.2500 10/14/2028 USD 60.684
Ville de Paris 0.8500 8/4/2051 EUR 51.833
ABN AMRO Bank NV 1.1150 3/3/2042 EUR 71.054
Societe Generale SA 10.0000 6/28/2034 USD 58.250
Ukraine Government I 7.7500 9/1/2024 USD 24.014
Aegon Bank NV 0.3750 6/9/2036 EUR 69.832
DZ Bank AG Deutsche 0.7800 3/5/2030 EUR 73.455
Societe Generale SA 9.0000 10/31/2034 USD 65.000
Wrekin Housing Group 2.5000 10/22/2048 GBP 63.606
Italy Buoni Polienna 2.1500 9/1/2052 EUR 65.001
Autonomous Region of 1.0950 9/27/2036 EUR 69.149
Rio Forte Investment 4.0000 7/22/2014 EUR 3.311
Sovcombank Via SovCo 8.0000 4/7/2030 USD 5.516
SCF Capital Designat 5.3750 6/16/2023 USD 20.166
ALROSA Finance SA 4.6500 4/9/2024 USD 11.457
Region Provence-Alpe 0.7530 1/5/2037 EUR 70.279
State Agency of Road 6.2500 6/24/2030 USD 17.850
Societe Generale SA 9.0000 12/22/2034 USD 70.000
Banque Cantonale de 0.1000 11/1/2044 CHF 65.067
Nederlandse Watersch 0.8770 6/24/2054 EUR 63.332
Deutsche Bahn Financ 3.1000 5/20/2041 AUD 72.704
Finmek International 7.0000 12/3/2004 EUR 2.193
Barclays Bank PLC 3.0000 1/31/2028 EUR 62.673
Lehman Brothers UK C 6.9000 USD 3.986
State of Rhineland-P 1.5000 4/25/2052 EUR 71.774
Kingdom of Belgium G 1.4000 6/22/2053 EUR 65.189
Realkredit Danmark A 0.5000 10/1/2050 DKK 68.769
Privatbank CJSC Via 10.8750 2/28/2018 USD 6.534
Altice France Holdin 4.0000 2/15/2028 EUR 69.721
Bank Gospodarstwa Kr 2.0000 11/3/2036 EUR 71.310
Romanian Government 2.0000 1/28/2032 EUR 71.212
Evan Group PLC 6.0000 7/31/2022 EUR 18.500
City of Zurich Switz 0.2500 11/24/2051 CHF 65.558
Hellas Telecommunica 8.5000 10/15/2013 EUR 0.834
Elecnor SA 3.0250 9/30/2035 EUR 72.927
Free State of Saxony 0.0100 12/17/2035 EUR 68.270
Ville de Paris 0.7500 11/30/2041 EUR 62.530
Free and Hanseatic C 0.4000 11/23/2051 EUR 50.386
Havila Shipping ASA 7.0100 1/2/2025 NOK 40.000
Erotik-Abwicklungsge 7.7500 7/9/2019 EUR 0.779
Celtic Resources Hol 4.1250 10/9/2024 USD 12.302
Grand Delta Habitat 1.2850 11/6/2040 EUR 67.390
Republic of Ireland 1.4250 9/18/2119 EUR 54.158
IBP Markets Ltd 5.0000 GBP 68.581
Novolipetsk Steel Vi 4.7000 5/30/2026 USD 71.503
Credit Suisse AG/Lon 11.5000 9/25/2023 CHF 57.660
Deutsche Telekom AG 3.5000 4/15/2041 AUD 71.451
CDC Habitat SEM 0.8530 2/15/2041 EUR 64.281
Stichting Afwikkelin 6.6250 5/14/2018 EUR 43.625
Free and Hanseatic C 0.0100 11/5/2035 EUR 68.424
Societe Generale SA 12.2500 2/23/2023 USD 71.200
Windreich GmbH 6.5000 3/1/2015 EUR 2.842
Region Wallonne Belg 1.8650 5/10/2051 EUR 69.262
Region de Bruxelles- 0.7650 7/15/2052 EUR 49.115
Region Hauts-de-Fran 0.6910 7/9/2042 EUR 59.942
Societe Du Grand Par 0.5755 10/29/2052 EUR 45.129
Pershing Square Hold 3.0000 7/15/2032 USD 74.366
Deutsche Pfandbriefb 1.0000 12/2/2030 EUR 74.256
Landesbank Baden-Wue 0.9050 4/1/2041 EUR 63.772
VF Ukraine PAT via V 6.2000 2/11/2025 USD 58.810
Kommunekredit 0.6250 11/21/2039 EUR 68.387
Interpipe Holdings P 8.3750 5/13/2026 USD 47.375
Ukraine Government I 7.7500 9/1/2028 USD 19.908
AK BARS Bank Via AK 8.0000 7/13/2022 USD 31.000
LIB-Landesimmobilien 0.6200 7/15/2041 EUR 64.351
Ukraine Government I 6.7500 6/20/2028 EUR 17.669
Eurochem Finance DAC 5.5000 3/13/2024 USD 56.839
Abengoa Abenewco 1 S 6.0000 6/10/2022 EUR 0.435
Purple Protected Ass 1.5984 2/5/2061 EUR 66.785
Alpine Holding GmbH 5.2500 6/10/2016 EUR 0.534
Free State of Bavari 0.0100 3/28/2036 EUR 67.691
Erdoel-Lagergesellsc 1.2000 6/4/2043 EUR 68.825
Region of Veneto Ita 2.5560 12/7/2046 EUR 72.592
Communaute Francaise 1.0400 7/19/2101 EUR 45.921
Raiffeisen Landesban 0.2500 3/4/2036 EUR 68.321
Land Berlin 0.6250 8/25/2036 EUR 73.108
St Galler Kantonalba 0.1000 10/10/2041 CHF 69.668
ABN AMRO Bank NV 0.3750 1/14/2035 EUR 72.736
Kernel Holding SA 6.7500 10/27/2027 USD 41.333
Bulgaria Steel Finan 12.0000 5/4/2013 EUR 0.216
Lukoil Securities BV 3.8750 5/6/2030 USD 70.001
Suek Securities DAC 3.3750 9/15/2026 USD 30.002
Communaute Francaise 2.0500 7/26/2047 EUR 74.652
Caisse Francaise de 0.0100 10/19/2035 EUR 66.495
Ukraine Government B 16.0000 3/13/2024 UAH 69.117
Virgolino de Oliveir 10.8750 1/13/2020 USD 36.000
Ukraine Government I 7.7500 9/1/2027 USD 20.146
Eurohold Bulgaria AD 8.0000 12/29/2026 EUR 70.638
Uralkali OJSC Via Ur 4.0000 10/22/2024 USD 19.366
Republic of Ireland 0.8350 7/8/2080 EUR 44.788
Alpine Holding GmbH 6.0000 5/22/2017 EUR 0.534
Futureal Development 4.0000 3/23/2031 HUF 64.000
Spain Government Bon 1.9000 10/31/2052 EUR 66.750
Foodco Bondco SA 6.2500 5/15/2026 EUR 39.511
Region de Bruxelles- 1.5000 6/22/2070 EUR 56.222
OGX Austria GmbH 8.5000 6/1/2018 USD 0.012
Eurogrid GmbH 0.8750 11/20/2040 EUR 64.412
Ukraine Government I 11.6700 11/22/2023 UAH 72.564
CDC Habitat SEM 1.1700 5/4/2037 EUR 72.450
Bpifrance SACA 1.0460 5/25/2050 EUR 54.765
French Republic Gove 0.5000 6/25/2044 EUR 60.001
Wirtschafts- und Inf 0.0600 8/31/2034 EUR 70.454
Kleopatra Holdings 2 6.5000 9/1/2026 EUR 55.850
DZ Bank AG Deutsche 0.1900 1/14/2031 EUR 73.210
United Kingdom Gilt 1.5000 7/22/2047 GBP 62.729
Portugal Telecom Int 6.2500 7/26/2016 EUR 0.285
Land Berlin 0.1500 2/22/2036 EUR 69.074
Free State of Saxony 0.4000 5/12/2036 EUR 71.434
Region de Bruxelles- 0.4440 3/19/2057 EUR 38.498
Wirtschafts- und Inf 0.2080 1/28/2043 EUR 55.842
Phosphorus Holdco PL 10.0000 4/1/2019 GBP 1.430
Credit Agricole Ital 1.0000 1/17/2045 EUR 61.157
Del Monte Finance Lu 6.6250 5/24/2006 EUR 1.000
State of Rhineland-P 0.3750 3/10/2051 EUR 50.797
Russian Foreign Bond 2.8750 12/4/2025 EUR 39.464
Ukraine Government B 19.2500 8/7/2024 UAH 67.431
Praktiker AG 5.8750 2/10/2016 EUR 0.001
Grupo Antolin-Irausa 3.5000 4/30/2028 EUR 73.935
DNB Boligkreditt AS 0.9800 6/20/2044 EUR 66.988
FNG Benelux Holding 5.0000 8/28/2023 EUR 1.000
Ukraine Government I 12.5200 5/13/2026 UAH 56.408
Ville de Paris 0.4500 10/20/2045 EUR 53.655
DLR Kredit A/S 0.5000 10/1/2053 DKK 69.206
Ministeries Van de V 1.0000 10/13/2036 EUR 74.358
Specialfastigheter S 1.2150 5/14/2035 SEK 72.791
Sibur Securities DAC 4.1250 10/5/2023 USD 62.554
Credit Suisse AG/Lon 1.2500 2/22/2029 USD 71.307
State of Brandenburg 0.7500 8/8/2036 EUR 74.525
German Pellets GmbH 7.2500 7/9/2018 EUR 1.495
Barclays Bank PLC 1.5804 4/12/2039 EUR 70.900
Landesbank Hessen-Th 0.7000 1/12/2037 EUR 64.700
Kuntarahoitus Oyj 1.1500 4/1/2051 EUR 66.552
Yarlington Treasury 3.4100 9/18/2057 GBP 72.552
NRW Bank 1.0000 2/26/2050 EUR 65.023
Norwegian Air Shuttl 7.5000 11/10/2023 USD 73.395
Stelius Befektetoe Z 3.1000 9/17/2030 HUF 66.500
Joh Friedrich Behren 6.2500 6/18/2024 EUR 30.111
Communaute Francaise 0.6260 8/24/2040 EUR 62.169
BNP Paribas SA 1.5900 2/23/2051 EUR 65.819
United Kingdom Gilt 1.7500 1/22/2049 GBP 65.768
Region Wallonne Belg 1.0000 9/16/2059 EUR 46.841
Canton of Neuchatel 0.1000 10/29/2049 CHF 61.132
Russian Foreign Bond 4.7500 5/27/2026 USD 42.706
Credit Bank of Mosco 3.8750 9/21/2026 USD 30.756
Banco Santander SA 4.3900 EUR 0.233
Raiffeisen Landesban 0.3750 11/13/2034 EUR 72.592
State of Bremen 0.4000 8/20/2049 EUR 52.509
State of Lower Austr 0.4600 10/8/2049 EUR 49.624
Deutsche Pfandbriefb 0.8570 9/18/2037 EUR 54.904
Ahtium PLC 4.0000 12/16/2015 EUR 0.586
GTC Magyarorszag Zrt 2.2500 12/7/2030 HUF 67.330
Region Auvergne-Rhon 0.8920 10/21/2041 EUR 63.535
Romanian Government 2.6250 12/2/2040 EUR 59.394
HOCHTIEF AG 2.3000 4/26/2034 EUR 73.124
Ahtium PLC 9.7500 4/4/2017 EUR 0.726
BPCE SFH SA 1.2100 6/15/2039 EUR 74.866
MS Deutschland Betei 6.8750 12/18/2017 EUR 0.198
Batigere Grand Est S 1.4850 10/25/2039 EUR 70.998
State of Hesse 0.7500 8/4/2036 EUR 74.749
Heimstaden Bostad AB 2.8000 5/4/2035 EUR 66.767
Ukraine Government I 9.7500 11/1/2030 USD 19.584
Premium Green PLC 1.6100 9/30/2030 AUD 72.524
EVN AG 0.8500 10/15/2035 EUR 69.408
UniCredit SpA 0.7250 11/27/2030 EUR 69.213
ACCIONA Financiacion 1.9000 6/28/2034 EUR 71.181
National Grid Electr 1.6900 9/16/2041 GBP 57.329
NRW Bank 1.1500 9/16/2051 EUR 66.767
BASF SE 1.0250 8/13/2048 JPY 66.341
Dtek Renewables Fina 8.5000 11/12/2024 EUR 38.575
Land Thueringen 0.2500 3/5/2040 EUR 62.502
Solon SE 1.3750 12/6/2012 EUR 0.745
DZ Bank AG Deutsche 1.0000 2/18/2032 EUR 68.075
State of Brandenburg 0.3750 1/29/2035 EUR 73.740
Magyar Telekom Telec 1.4500 11/26/2027 HUF #N/A N/A
Borets Finance DAC 6.0000 9/17/2026 USD 43.000
State of Hesse 0.2270 8/20/2049 EUR 52.475
French Republic Gove 0.7500 5/25/2053 EUR 54.417
Societe Du Grand Par 2.0620 3/19/2070 EUR 71.425
State of Bremen 1.0000 5/27/2039 EUR 73.020
Societe Generale SA 1.1370 1/26/2037 EUR 70.427
Region Bretagne SCI 0.8150 6/12/2040 EUR 66.257
Cirio Del Monte NV 7.7500 3/14/2005 EUR 0.273
State of Brandenburg 0.1250 1/26/2046 EUR 52.263
Vasakronan AB 1.1300 5/27/2042 JPY 67.351
Bayerische Landesban 0.3800 1/22/2031 EUR 74.008
State of Saarland 1.1080 5/18/2046 EUR 68.298
Cooperatieve Raboban 0.5000 11/30/2027 MXN 61.851
Ukraine Government I 7.3750 9/25/2034 USD 18.640
GB Social Housing PL 3.8140 4/9/2047 GBP 74.272
Kingdom of Belgium G 2.7500 6/10/2071 USD 68.792
Aargau Verkehr AG 0.2700 11/29/2049 CHF 71.618
Anglian Water Servic 0.8500 12/23/2040 JPY 72.666
Pro-Gest SpA 3.2500 12/15/2024 EUR 73.861
Norske Skog Holding 8.0000 2/24/2021 EUR 0.006
O1 Properties Financ 0.5000 9/27/2028 USD 5.251
Banco Espirito Santo 6.9000 6/28/2024 EUR 25.321
Virgolino de Oliveir 10.5000 1/28/2018 USD 0.499
Malta Government Bon 2.4000 8/13/2052 EUR 72.190
Caixa Economica Mont 5.7380 EUR 51.580
VTB Bank PJSC Via VT 9.5000 USD 16.719
BPCE SA 4.7510 EUR 66.400
Sairgroup Finance BV 6.6250 10/6/2010 EUR 1.964
Land Thueringen 0.3750 12/1/2051 EUR 49.999
Magyar Export-Import 2.5000 5/23/2029 HUF 69.274
Nobel Bidco BV 3.1250 6/15/2028 EUR 71.958
Landesbank Baden-Wue 1.3000 6/21/2049 EUR 63.608
Swissgrid AG 0.0500 6/30/2050 CHF 54.050
Basque Government 1.0000 10/31/2050 EUR 50.963
Landesbank Baden-Wue 4.8694 1/30/2034 EUR 74.760
FLUVIUS System Opera 0.8100 4/8/2033 EUR 70.607
Grand City Propertie 2.8000 2/25/2039 EUR 66.861
Saastopankkien Kesku 0.8600 1/18/2036 EUR 69.741
Region de Bruxelles- 1.7100 5/5/2047 EUR 68.570
Credit Suisse AG/Lon 3.2000 3/24/2032 USD 72.357
State of Brandenburg 0.3000 10/4/2049 EUR 50.933
Batigere Grand Est S 1.6000 11/14/2044 EUR 67.698
Raiffeisenlandesbank 0.9980 11/4/2033 EUR 69.969
Kelag-Kaerntner Elek 1.1500 4/16/2041 EUR 62.464
Avanti Communication 9.0000 10/1/2022 USD 14.217
State of Rhineland-P 0.3750 7/20/2048 EUR 51.428
Depfa Funding II LP 6.5000 EUR 58.500
Europejskie Centrum 12.9500 4/14/2023 PLN 62.657
EOS Imaging SA 6.0000 5/31/2023 EUR 7.250
Frigoglass Finance B 6.8750 2/12/2025 EUR 28.260
UBS AG/London 14.7500 3/29/2023 CHF 29.700
Alno AG 8.0000 3/21/2019 EUR 14.500
Region Hauts-de-Fran 0.4020 2/18/2043 EUR 54.950
Nederlandse Watersch 1.9000 1/31/2035 AUD 69.847
Romanian Government 3.3750 1/28/2050 EUR 61.305
Agrokor dd 8.8750 2/1/2020 USD 15.000
Credit Agricole Ital 0.7500 1/20/2042 EUR 61.167
Elia Transmission Be 1.5600 1/30/2044 EUR 72.489
Region Wallonne Belg 0.5000 6/22/2037 EUR 66.297
Purple Protected Ass 2.1000 4/15/2060 EUR 49.564
Gazprom PJSC via Gaz 1.8500 11/17/2028 EUR 64.371
Communaute Francaise 0.7820 2/8/2061 EUR 42.810
State of Bremen 0.5500 2/4/2050 EUR 54.299
Credit Bank of Mosco 7.6250 USD 19.522
Grand City Propertie 2.6000 2/25/2034 EUR 71.935
Carmila SA 1.8900 11/6/2031 EUR 70.593
Romanian Government 2.0000 4/14/2033 EUR 68.718
Barclays Bank PLC 2.0000 5/7/2036 MXN 17.990
United Kingdom Gilt 1.6250 10/22/2071 GBP 55.636
Malta Government Bon 1.4000 8/20/2046 EUR 63.880
Standard Profil Auto 6.2500 4/30/2026 EUR 63.740
Single Platform Inve 0.8150 4/1/2042 EUR 60.061
Comunidad Foral de N 1.8000 3/25/2042 EUR 72.643
Credit Agricole Corp 2.6100 7/27/2050 USD 61.476
Global Ports Finance 6.5000 9/22/2023 USD 25.000
Nordea Kredit Realkr 1.0000 10/1/2053 DKK 63.482
Eurotorg LLC Via Bon 9.0000 10/22/2025 USD 56.035
Rena GmbH 7.0000 12/15/2015 EUR 0.054
Caisse de Refinancem 0.2500 2/7/2035 EUR 71.111
Societe Generale SA 2.8800 9/10/2034 AUD 67.855
Autonomous Community 0.8100 10/31/2040 EUR 60.819
Richter Gedeon Nyrt 1.7500 6/4/2031 HUF 68.500
Kingdom of Belgium G 0.6500 6/22/2071 EUR 42.777
City of St Gallen 0.1400 9/16/2044 CHF 69.728
LFA Foerderbank Baye 0.1250 9/30/2038 EUR 63.479
MFB Magyar Fejleszte 4.2000 4/20/2033 HUF 70.004
Italy Buoni Polienna 2.8000 3/1/2067 EUR 71.166
Takarek Mortgage Ban 3.0000 10/22/2031 HUF 63.600
BNP Paribas SA 2.8400 8/26/2039 AUD 59.333
Assa Abloy AB 0.6500 8/28/2034 EUR 72.879
State of North Rhine 0.2000 7/17/2034 EUR 73.296
Deutsche Pfandbriefb 1.3400 10/16/2051 EUR 70.911
Barclays Bank PLC 6.4000 6/16/2031 MXN 69.399
Region de Bruxelles- 1.1000 6/22/2066 EUR 48.820
Morhomes PLC 2.5080 2/19/2051 GBP 61.059
Sibur Securities DAC 2.9500 7/8/2025 USD 70.500
Batigere Grand Est S 1.4000 8/31/2050 EUR 61.376
NRW Bank 0.1055 8/17/2050 EUR 51.199
Takarek Mortgage Ban 3.0000 8/21/2030 HUF 66.500
Pfandbriefzentrale d 0.2500 6/12/2040 CHF 74.434
Deutsche Wohnen SE 1.7000 12/5/2036 EUR 69.930
Jyske Realkredit A/S 1.5000 10/1/2053 DKK 69.883
Bayerische Landesban 1.8500 3/5/2031 EUR 74.066
Gecci Investment KG 6.0000 10/1/2027 EUR 23.632
Agence Francaise de 2.1140 9/8/2034 AUD 72.108
Basque Government 2.0000 4/30/2059 EUR 63.068
Single Platform Inve 0.9460 5/25/2036 EUR 69.844
Barclays Bank PLC 2.3200 1/11/2041 USD 58.063
Russian Agricultural 8.5000 10/16/2023 USD 13.880
Republic of Ireland 0.7400 11/27/2120 EUR 31.035
Finance and Credit B 9.2500 1/25/2019 USD 0.001
MMC Norilsk Nickel O 2.8000 10/27/2026 USD 70.324
Ukraine Government I 9.7900 5/26/2027 UAH 52.531
Realkredit Danmark A 1.5000 10/1/2053 DKK 69.763
Caisse des Depots et 0.3980 12/15/2050 EUR 46.167
Polyus Finance PLC 4.7000 1/29/2024 USD 60.000
Sovcombank Via SovCo 3.4000 1/26/2025 USD 3.014
Nordea Kredit Realkr 0.5000 10/1/2053 DKK 68.415
Banco Santander SA 0.0100 10/1/2032 EUR 67.272
Norske Skogindustrie 7.1250 10/15/2033 USD 0.010
MMC Norilsk Nickel O 6.6250 10/14/2022 USD 72.056
Haya Holdco 2 PLC 10.9540 11/30/2025 EUR 42.794
V-Bank AG 4.0000 EUR 70.053
Rusal Capital DAC 5.3000 5/3/2023 USD 41.135
Land Thueringen 0.2000 9/12/2039 EUR 62.922
Land Baden-Wuerttemb 1.1500 4/5/2049 EUR 71.643
LFA Foerderbank Baye 0.0100 12/15/2033 EUR 72.470
Free and Hanseatic C 1.0950 6/13/2046 EUR 69.719
COFIDUR SA 0.1000 12/31/2024 EUR 32.100
Novolipetsk Steel Vi 1.4500 6/2/2026 EUR 70.832
Land Baden-Wuerttemb 0.3750 7/20/2048 EUR 52.911
Republic of Austria 2.1000 9/20/2117 EUR 74.451
Malta Government Bon 1.5000 10/22/2045 EUR 64.350
Societe Generale SA 2.4800 7/17/2040 USD 55.943
Pfandbriefbank schwe 0.3750 6/15/2046 CHF 70.640
Ministeries Van de V 0.6340 11/19/2060 EUR 38.421
Societe Centrale des 2.5000 5/15/2023 EUR 6.880
Malta Government Bon 2.0000 7/10/2051 EUR 67.880
Barclays Bank PLC 1.2400 11/14/2034 EUR 75.256
Credit Agricole Corp 1.5500 9/8/2031 AUD 71.895
Windreich GmbH 6.5000 7/15/2016 EUR 2.842
Slovenska Sporitelna 4.8200 EUR 73.267
Bank Julius Baer & C 7.0000 9/12/2023 USD 71.650
Landesbank Baden-Wue 4.8694 1/30/2034 EUR 72.270
Pfandbriefbank schwe 0.2500 1/24/2041 CHF 73.904
Pfandbriefzentrale d 0.0200 1/30/2040 CHF 71.680
Deutsche Bahn Financ 1.8500 11/23/2043 EUR 73.555
Societe Nationale SN 1.2800 3/27/2120 EUR 35.794
State of Lower Austr 1.0000 9/15/2121 EUR 33.653
Societe Generale SA 3.9200 12/9/2036 AUD 70.356
Italy Buoni Polienna 0.9500 3/1/2037 EUR 66.116
LSF9 Balta Issuer SA 3.0000 12/31/2030 EUR 61.983
BOA Offshore AS 0.4087 7/17/2047 NOK 3.264
A-TEC Industries AG 8.7500 10/27/2014 EUR 0.100
Heta Asset Resolutio 3.1770 12/31/2023 EUR 1.580
La Banque Postale Ho 0.6400 1/27/2042 EUR 66.635
Corporate Commercial 8.2500 8/8/2014 USD 0.308
National Grid Electr 2.9200 9/30/2044 AUD 66.677
Batigere Grand Est S 1.5000 12/15/2051 EUR 64.499
Belfius Bank SA 0.1250 6/19/2034 EUR 71.529
Barclays Bank PLC 4.1000 1/29/2048 USD 76.942
VTB Bank OJSC Via VT 6.2500 6/30/2035 USD 22.826
Vnesheconombank Via 5.9420 11/21/2023 USD 7.755
Land Berlin 0.0500 8/6/2040 EUR 58.954
Skandinaviska Enskil 5.0500 1/15/2025 SEK #N/A N/A
Leonteq Securities A 18.0000 2/22/2023 CHF 72.740
ABN AMRO Bank NV 0.5000 12/12/2039 EUR 65.477
Ukraine Government B 4.0000 1/25/2024 USD 54.168
Caisse Francaise de 1.0925 10/14/2051 EUR 64.355
Communaute Francaise 1.3800 11/7/2046 EUR 63.508
ING Bank NV 0.4650 4/21/2041 EUR 64.387
Bayerische Landesban 1.8200 5/12/2031 EUR 73.458
Steilmann SE 7.0000 3/9/2017 EUR 1.429
Region de Bruxelles- 1.6200 4/30/2049 EUR 66.546
Orient Express Bank 2.0000 USD 18.160
DZ HYP AG 1.4300 10/26/2046 EUR 69.250
Region Wallonne Belg 1.1350 10/10/2069 EUR 47.192
Deutsche Bank AG 1.7250 1/16/2045 EUR 50.953
Anglian Water Servic 1.7600 11/13/2035 GBP 69.766
Raiffeisen Schweiz G 8.5000 2/20/2023 CHF 51.530
Golden Gate GmbH 6.5000 10/11/2014 EUR 36.000
CPI Hungary Investme 2.2500 8/7/2030 HUF 55.000
Region Wallonne Belg 1.2200 6/12/2050 EUR 57.826
Ministeries Van de V 0.8750 6/3/2045 EUR 55.874
BAE Systems PLC 3.0000 9/15/2050 USD 67.802
Thames Water Utiliti 2.4420 5/12/2050 GBP 55.312
Region Wallonne Belg 1.2460 5/12/2070 EUR 51.240
Single Platform Inve 0.8000 12/20/2040 EUR 62.666
ING Bank NV 2.2200 1/20/2036 USD 73.501
Region of Centre-Val 0.7110 11/2/2036 EUR 70.750
Nationwide Building 0.4850 7/11/2044 CHF 71.621
JAB Holdings BV 3.7500 5/28/2051 USD 64.340
Credit Industriel Et 2.2500 1/28/2036 USD 69.708
Chelyabinsk Pipe Pla 4.5000 9/19/2024 USD 21.099
Vnesheconombank Via 6.0250 7/5/2022 USD 6.251
International Financ 0.5000 6/29/2027 ZAR 68.357
Single Platform Inve 1.0500 3/17/2039 EUR 66.915
State of Lower Austr 0.5500 11/13/2080 EUR 32.073
Landesbank Hessen-Th 1.6500 5/27/2030 EUR 9.351
UBS AG/London 15.7500 2/27/2023 CHF 41.350
Jain International T 7.1250 3/31/2026 USD 27.547
Communaute Francaise 0.7882 8/30/2049 EUR 51.856
DNB Bank ASA 1.1850 1/14/2038 EUR 71.039
CDC Habitat SEM 1.0600 5/22/2036 EUR 72.251
Barclays Bank PLC 2.0700 12/18/2035 USD 63.341
Autonomous Community 1.8500 5/13/2061 EUR 56.488
Landeskreditbank Bad 2.5000 5/21/2036 AUD 70.423
Caisse des Depots et 1.0050 11/5/2050 EUR 56.533
Jyske Realkredit A/S 0.5000 10/1/2053 DKK 68.314
Sparekassen Bredebro 3.7500 4/15/2031 DKK 70.510
Affinity Water Finan 0.2300 11/22/2042 GBP 70.982
Grupo Isolux Corsan 6.0000 12/30/2021 EUR 0.253
Stichting Afwikkelin 8.4500 8/20/2018 USD 43.625
Single Platform Inve 1.0510 4/1/2042 EUR 64.617
State of Brandenburg 0.3000 11/17/2045 EUR 55.101
Raiffeisen Bank Inte 0.2900 11/11/2030 EUR 72.929
Bankinter SA 1.2000 6/5/2035 EUR 75.082
Landesbank Baden-Wue 10.0000 1/26/2024 EUR 48.220
Joh Friedrich Behren 7.7500 11/11/2020 EUR 32.050
getgoods.de AG 7.7500 10/2/2017 EUR 0.527
Purple Protected Ass 2.0600 3/30/2061 EUR 58.224
State of North Rhine 1.8500 3/18/2089 EUR 61.102
Single Platform Inve 1.5348 5/25/2052 EUR 66.661
Heta Asset Resolutio 2.2900 12/31/2023 EUR 1.563
Grand Delta Habitat 1.4250 2/26/2048 EUR 63.667
Republic of Ireland 0.9950 2/24/2121 EUR 40.406
Bazalgette Finance P 0.0740 5/16/2049 GBP 63.013
DZ Bank AG Deutsche 1.0700 10/6/2042 EUR 70.504
Malta Government Bon 1.0000 8/23/2035 EUR 73.541
Luzerner Kantonalban 0.2500 8/28/2040 CHF 73.272
Kreditanstalt fuer W 0.7878 11/4/2039 EUR 70.783
Kingdom of Belgium G 0.5580 9/24/2077 EUR 33.619
Single Platform Inve 0.9400 10/4/2041 EUR 62.513
Kreditanstalt fuer W 0.9800 2/9/2042 EUR 71.623
Romanian Government 2.7500 4/14/2041 EUR 59.728
SAir Group 6.2500 10/27/2002 CHF 11.343
National Grid Electr 1.1510 2/20/2040 EUR 61.165
SG Issuer SA 2.2500 10/28/2029 EUR 71.440
Societe Generale SA 12.1000 2/16/2023 USD 73.000
Raiffeisen Bank Inte 10.0000 2/12/2024 EUR 47.500
Mifa Mitteldeutsche 7.5000 8/12/2018 EUR 2.200
Caisse des Depots et 1.4600 1/24/2052 EUR 62.991
Ministeries Van de V 1.0530 6/3/2050 EUR 55.683
Wirtschafts- und Inf 0.1380 8/23/2044 EUR 53.225
DLR Kredit A/S 1.0000 10/1/2053 DKK 69.792
Region de Bruxelles- 1.5280 4/5/2049 EUR 65.063
Autonomous Community 1.4420 10/26/2049 EUR 59.089
DZ Bank AG Deutsche 0.5300 7/26/2033 EUR 69.730
BNG Bank NV 1.7900 1/21/2049 EUR 74.639
Land Berlin 0.5000 6/19/2047 EUR 60.196
Canton of Neuchatel 0.3500 7/14/2050 CHF 65.313
Region de Bruxelles- 0.6400 7/20/2045 EUR 54.448
CDC Habitat SEM 1.1500 4/30/2037 EUR 72.214
Republic of Belarus 6.3780 2/24/2031 USD 32.833
Jyske Realkredit A/S 0.5000 10/1/2053 DKK 66.524
Societe Generale SA 0.8310 11/25/2031 EUR 71.563
Danske Bank A/S 0.9100 10/17/2039 JPY 70.747
German Pellets GmbH 7.2500 11/27/2019 EUR 1.495
Quintet Private Bank 3.6500 11/13/2023 EUR 7.500
UBS AG/London 9.2500 2/28/2024 USD 9.820
Municipality of Tilb 0.4700 11/14/2034 EUR 74.640
Muenchener Hypotheke 0.5500 2/18/2046 CHF 63.638
LFA Foerderbank Baye 0.2500 3/19/2037 EUR 68.238
Region of Pays de la 0.8770 10/28/2041 EUR 65.335
Proximus SADP 1.5000 5/14/2040 EUR 66.575
Banco Santander SA 1.0000 1/14/2034 EUR 71.173
Single Platform Inve 1.0500 6/25/2044 EUR 62.976
Ministeries Van de V 1.5640 11/12/2046 EUR 67.670
Region de Bruxelles- 1.8190 1/22/2048 EUR 72.532
Purple Protected Ass 1.5650 12/23/2060 EUR 64.170
Pfandbriefbank schwe 0.3750 9/23/2043 CHF 73.091
Luzerner Kantonalban 0.1500 10/7/2044 CHF 67.248
German Pellets GmbH 7.2500 4/1/2016 EUR 1.495
UBS AG 9.0000 3/31/2023 USD 50.100
Erste Jelzalogbank z 2.5000 10/22/2028 HUF 70.870
Free and Hanseatic C 0.3000 9/16/2050 EUR 49.749
Region de Bruxelles- 1.3100 12/15/2069 EUR 49.710
State of Lower Austr 0.8150 9/22/2056 EUR 49.870
Erste Group Bank AG 0.7700 11/13/2033 EUR 72.511
Societe Du Grand Par 1.1490 4/8/2069 EUR 49.690
Swissgrid AG 0.2000 6/29/2040 CHF 68.719
Erste Group Bank AG 0.8800 2/12/2035 EUR 71.842
Rena GmbH 8.2500 7/11/2018 EUR 0.054
Premium Green PLC 1.6300 12/30/2030 AUD 71.889
Portugal Telecom Int 5.2420 11/6/2017 EUR 0.694
Moby SpA 7.7500 2/15/2023 EUR 58.311
DZ HYP AG 1.3000 7/18/2041 EUR 70.782
Landesbank Hessen-Th 1.5000 7/26/2034 EUR 69.500
Wingholding Zrt 3.0000 9/22/2031 HUF 61.900
Banque Federative du 2.6871 10/23/2023 EUR 72.150
Region de Bruxelles- 1.0650 6/22/2047 EUR 59.020
Single Platform Inve 0.5230 5/7/2041 EUR 58.023
Banco Santander SA 2.2800 2/28/2039 EUR 73.280
Junta de Castilla y 1.2700 10/31/2044 EUR 62.014
Malta Government Bon 1.2000 5/13/2037 EUR 71.130
Tonon Luxembourg SA 9.2500 1/24/2020 USD 0.500
State of North Rhine 1.9600 1/24/2079 EUR 73.981
Intelsat Jackson Hol 8.5000 10/15/2024 USD 0.494
Grupo Isolux Corsan 1.0000 12/30/2021 EUR 0.157
Regie Autonome des T 0.8750 8/18/2080 EUR 38.199
Harp Issuer PLC 1.3997 2/14/2032 USD 70.574
Communaute Francaise 0.5840 9/17/2039 EUR 60.455
SALVATOR Vermoegensv 9.5000 EUR 7.900
HPI AG 3.5000 EUR 0.501
BNP Paribas SA 0.5000 11/16/2032 MXN 34.228
Jyske Realkredit A/S 0.5000 10/1/2050 DKK 68.801
Sveriges Sakerstalld 1.3775 7/13/2046 SEK 66.833
ING Bank NV 2.9000 6/23/2051 USD 68.337
State of Saxony-Anha 0.4750 9/30/2050 EUR 54.751
Ile-de-France Mobili 1.2000 4/8/2050 EUR 59.384
Muenchener Hypotheke 1.3000 5/7/2061 EUR 62.942
EnBW International F 2.0800 1/21/2041 EUR 67.253
Region de Bruxelles- 1.7500 1/17/2048 EUR 69.840
ING Bank NV 0.1820 4/21/2033 EUR 74.787
Region Nouvelle-Aqui 0.4390 11/22/2033 EUR 74.725
BNP Paribas SA 1.3950 2/12/2035 EUR 73.686
Republic of Austria 0.1000 7/10/2040 EUR 60.516
Getin Noble Bank SA 11.9900 7/28/2023 PLN 32.685
Deutsche Bank AG 0.6870 10/11/2049 EUR 44.930
HYPO NOE Landesbank 1.6050 8/23/2046 EUR 74.297
Region de Bruxelles- 0.5620 12/23/2065 EUR 35.011
New World Resources 4.0000 10/7/2020 EUR 0.018
National Treasury Ma 1.5600 2/16/2122 EUR 59.352
Single Platform Inve 0.8350 10/14/2061 EUR 48.661
BNP Paribas Issuance 3.3000 7/1/2030 EUR 66.890
NRW Bank 1.2450 11/4/2051 EUR 67.528
Province of Brescia 1.2120 6/30/2036 EUR 74.463
Cooperatieve Raboban 0.5000 1/31/2033 MXN 37.867
PJSC Koks via IMH Ca 5.9000 9/23/2025 USD 7.483
Single Platform Inve 0.9150 2/15/2043 EUR 63.295
United Kingdom Gilt 1.1250 1/31/2039 GBP 68.042
SNCF Reseau 1.4250 8/14/2119 EUR 40.646
Single Platform Inve 1.6000 3/23/2038 EUR 74.532
Department of Girond 0.8460 4/29/2039 EUR 67.320
Raiffeisen Bank Inte 0.3700 2/3/2033 EUR 64.500
Single Platform Inve 1.0000 7/8/2034 EUR 72.702
State of North Rhine 1.4670 6/12/2045 EUR 74.452
Agrokor dd Via Aquar 4.9210 8/8/2017 EUR 14.625
Premium Green PLC 1.6300 12/30/2030 AUD 71.889
Credit Bank of Mosco 4.7000 1/29/2025 USD 25.796
Vajda-Papir Gyarto K 3.5000 11/16/2030 HUF 68.900
DZ Bank AG Deutsche 2.0000 12/29/2031 EUR 74.200
MOL Nyrt Kueloenlege 4.9500 1/26/2032 HUF 73.960
Kreditanstalt fuer W 1.2700 6/29/2051 EUR 70.047
DZ Bank AG Deutsche 1.0000 2/13/2042 EUR 68.423
Societa di Progetto 3.3750 12/31/2038 EUR 71.996
Depfa Funding III LP 2.0560 EUR 55.559
Kommunekredit 2.1800 7/16/2040 AUD 61.717
Credit Bank of Mosco 8.8750 USD 19.698
Vasakronan AB 1.7000 6/28/2044 EUR 59.144
Communaute Francaise 1.7600 1/26/2043 EUR 71.257
Stadt Graz 1.8238 10/31/2047 EUR 72.900
Unibail-Rodamco-West 2.0000 12/5/2033 EUR 73.369
MMC Norilsk Nickel O 2.5500 9/11/2025 USD 71.504
Grand Delta Habitat 1.5000 9/1/2049 EUR 64.308
Societe Wallonne de 0.8940 10/23/2045 EUR 51.634
Aareal Bank AG 1.7410 1/12/2045 EUR 71.346
Nederlandse Watersch 0.1900 11/2/2050 EUR 48.562
Communaute Francaise 1.5810 1/23/2120 EUR 48.745
Italy Buoni Polienna 1.7000 9/1/2051 EUR 59.461
Barclays Bank PLC 10.2000 2/16/2023 USD 48.900
VTB Bank PJSC 3.7500 EUR 30.000
Futureal Development 3.5000 11/16/2036 HUF 51.000
Anselma Issuer SA 2.1740 12/31/2038 EUR 51.580
Credit Suisse AG/Lon 20.0000 11/29/2024 USD 12.110
Caisse Francaise de 0.7260 10/29/2039 EUR 66.734
CDC Habitat SEM 0.8140 2/15/2040 EUR 64.555
Pfandbriefbank schwe 0.2500 4/25/2042 CHF 72.595
Prosus NV 1.9850 7/13/2033 EUR 71.130
Region de Bruxelles- 1.1440 1/14/2056 EUR 53.015
Agence Francaise de 1.6560 4/4/2054 EUR 73.971
Norddeutsche Landesb 1.6000 8/1/2039 EUR 67.266
Region Bretagne SCI 0.5440 12/7/2036 EUR 68.732
Regie Autonome des T 0.6400 8/13/2041 EUR 62.598
ING Bank NV 0.3350 4/21/2036 EUR 68.894
Nykredit Realkredit 1.0000 10/1/2050 DKK 73.140
Gebr Sanders GmbH & 8.7500 10/22/2018 EUR 9.375
Barclays Bank PLC 1.3820 11/27/2045 EUR 66.945
DekaBank Deutsche Gi 7.6500 3/10/2023 EUR 35.030
UniCredit Bank AG 15.0500 4/28/2023 EUR 40.590
Societe Generale SA 15.6000 8/25/2026 USD 41.500
MOL Hungarian Oil & 1.1000 9/22/2030 HUF 54.500
Hemso Fastighets AB 1.1300 10/31/2039 EUR 67.893
Agrokor dd 8.8750 2/1/2020 USD 15.000
A-TEC Industries AG 5.7500 11/2/2010 EUR 0.100
Centre Hospitalier U 0.4900 12/1/2036 EUR 68.183
BNG Bank NV 2.3000 3/3/2036 AUD 70.702
NRW Bank 1.1800 3/3/2051 EUR 68.763
Region Wallonne Belg 1.2250 9/2/2120 EUR 37.878
BPCE SA 2.2500 3/13/2040 AUD 51.721
Mondelez Internation 1.2500 9/9/2041 EUR 65.496
Lloyds Bank PLC 2.2800 1/29/2044 EUR 74.347
Assistance Publique 1.1830 4/16/2050 EUR 58.116
MFB Magyar Fejleszte 2.9000 10/22/2031 HUF 67.449
Intelsat Jackson Hol 9.7500 7/15/2025 USD 0.494
Kingdom of Belgium G 0.6750 7/7/2080 EUR 35.503
BNG Bank NV 10.0100 6/17/2025 TRY 60.501
Alfa-Bank AO 11.7500 RUB 89.950
Raiffeisen Schweiz G 8.3400 3/7/2023 EUR 64.300
niiio finance group 4.0000 5/31/2026 EUR 48.000
STAVMAT Epitoanyag K 3.0000 7/20/2031 HUF 68.200
Societe Nationale SN 1.4000 5/18/2120 EUR 38.029
Ukraine Government I 15.8400 2/26/2025 UAH 66.586
Bulgaria Government 1.3750 9/23/2050 EUR 56.659
DZ Bank AG Deutsche 2.2400 8/22/2034 USD 73.885
Region Provence-Alpe 0.6230 10/15/2035 EUR 71.631
NORD/LB Luxembourg S 0.5420 9/30/2037 EUR 67.175
Heta Asset Resolutio 7.5000 12/31/2023 ATS 1.580
Kingdom of Belgium G 1.1700 5/12/2121 EUR 41.023
Ukraine Government B 3.9000 10/5/2023 USD 65.476
Credit Bank of Mosco 7.5000 10/5/2027 USD 21.238
Nomura Bank Internat 1.1300 4/23/2036 EUR 65.977
Commerzbank AG 1.2000 2/25/2036 EUR 71.143
NRW Bank 0.5910 3/19/2040 EUR 68.997
Region de Bruxelles- 1.0400 5/3/2061 EUR 47.215
Premium Green PLC 1.6500 3/28/2031 AUD 71.008
Sibur Securities DAC 3.4500 9/23/2024 USD 60.775
Virgolino de Oliveir 10.8750 1/13/2020 USD 36.000
Banque International 1.0850 10/22/2040 EUR 63.939
Deutsche Telekom AG 3.5000 9/6/2039 AUD 72.738
SkyGreen Buildings K 3.0000 12/29/2030 HUF 63.700
Landesbank Hessen-Th 1.8000 7/7/2036 EUR 66.300
Ringkjoebing Landbob 1.1000 10/30/2035 EUR 68.812
Wirtschafts- und Inf 0.6500 2/8/2039 EUR 70.189
BPCE SFH SA 1.2285 4/12/2049 EUR 66.616
Muenchener Hypotheke 0.6200 7/22/2033 EUR 70.680
Wirtschafts- und Inf 0.1010 9/8/2033 EUR 73.600
NRW Bank 1.2350 12/16/2061 EUR 61.936
Vasakronan AB 1.0000 6/15/2041 EUR 44.022
Caisse des Depots et 2.9400 3/2/2051 AUD 67.065
ING Groep NV 0.9750 2/14/2034 EUR 72.476
Turkey Government In 5.7500 5/11/2047 USD 65.311
Autonomous Community 1.6460 7/30/2060 EUR 53.976
Societe Nationale SN 2.4570 12/23/2050 USD 63.738
Hemso Fastighets AB 2.6150 11/30/2043 EUR 74.343
Ville de Paris 0.8310 2/23/2056 EUR 45.821
Uliving@Essex Issuer 0.1000 8/31/2058 GBP 73.006
Region de Bruxelles- 1.8100 3/22/2053 EUR 67.946
Alfa Bank AO Via Alf 5.5000 10/26/2031 USD 3.455
Single Platform Inve 0.9500 7/25/2047 EUR 59.501
Regie Autonome des T 0.9380 5/25/2050 EUR 54.524
Norske Skog Holding 8.0000 2/24/2021 EUR 0.006
KTG Agrar SE 7.2500 10/15/2019 EUR 2.001
Communaute Francaise 1.3670 1/20/2070 EUR 59.555
Vasakronan AB 2.0500 5/28/2044 EUR 64.102
Batigere Grand Est S 1.8000 8/12/2050 EUR 68.420
Societe Du Grand Par 1.9550 4/16/2069 EUR 65.942
State of North Rhine 1.6410 8/11/2066 EUR 67.968
Swissgrid AG 0.1250 6/30/2036 CHF 74.003
Russian Federal Bond 0.2500 7/20/2044 RUB 10.000
Barclays Bank PLC 1.7500 9/29/2032 USD 71.087
Kreditanstalt fuer W 0.6130 6/10/2040 EUR 63.380
Region Wallonne Belg 1.1650 6/29/2059 EUR 52.795
State of Lower Austr 0.5850 10/11/2049 EUR 51.816
Minicentrales Dos SA 0.0100 6/6/2047 EUR 66.105
Landesbank Hessen-Th 1.3700 9/22/2031 EUR 73.071
Kreditanstalt fuer W 1.2080 6/17/2051 EUR 70.943
Kommunekredit 2.2000 9/27/2041 AUD 63.600
CDC Habitat SEM 1.0430 5/12/2036 EUR 71.936
NRW Bank 0.4200 2/8/2039 EUR 66.507
Norddeutsche Landesb 1.2800 9/2/2039 EUR 64.452
AB Financial Product 2.4680 7/30/2040 EUR 62.269
Spain Government Bon 1.0000 7/30/2042 EUR 63.512
Kreditanstalt fuer W 1.2010 9/13/2051 EUR 68.334
Caisse des Depots et 0.8200 3/10/2050 EUR 53.585
Communaute Francaise 1.7870 6/14/2044 EUR 71.147
Ministeries Van de V 1.8740 3/28/2058 EUR 65.149
Single Platform Inve 1.6100 2/15/2043 EUR 73.227
Premium Green PLC 1.6100 9/30/2030 AUD 72.524
BNP Paribas SA 3.7000 10/4/2039 AUD 63.857
Prosus NV 2.0310 8/3/2032 EUR 73.778
Pescanova SA 8.7500 2/17/2019 EUR 0.319
State of Saxony-Anha 1.2230 5/4/2046 EUR 68.651
DekaBank Deutsche Gi 0.4000 1/29/2035 EUR 73.748
Bank Vontobel AG 18.0056 5/24/2023 EUR 15.900
GTC Magyarorszag Zrt 2.6000 3/17/2031 HUF 68.490
Batigere Grand Est S 1.6100 10/23/2040 EUR 71.384
Region Wallonne Belg 1.1500 9/2/2120 EUR 35.776
Nomura Bank Internat 1.1380 12/19/2039 EUR 57.947
Spain Government Bon 1.2000 10/31/2040 EUR 68.177
ING Bank NV 2.2500 2/26/2036 USD 73.657
Region Occitanie 0.7660 10/7/2041 EUR 62.130
Kommunalkredit Austr 0.5700 9/15/2037 EUR 67.525
Caisse des Depots et 1.0000 2/26/2051 EUR 56.307
Region of Pays de la 0.5700 3/10/2036 EUR 68.745
Communaute Francaise 0.7490 9/16/2080 EUR 49.639
Serbia Treasury Bond 2.3000 3/18/2047 EUR 62.772
Kreditanstalt fuer W 1.0870 1/21/2050 EUR 68.868
Landesbank Hessen-Th 0.6500 10/18/2034 EUR 68.704
Pfandbriefzentrale d 0.0500 10/6/2043 CHF 67.527
Veneto Banca SpA 6.9500 2/25/2025 EUR 0.711
Ville de Paris 2.0170 5/25/2052 EUR 70.696
BNG Bank NV 1.6270 4/25/2046 EUR 70.320
Societe Generale SA 25.2600 10/30/2025 USD 15.370
Duna House Holding N 3.0000 9/2/2030 HUF 74.810
Veragold Mining Co G 5.0000 12/31/2025 EUR 90.000
OTP Munkavallalok I 4.5000 7/14/2031 HUF 72.120
Wellis Magyarorszag 3.0000 2/26/2031 HUF 68.667
Landesbank Hessen-Th 1.8500 6/16/2036 EUR 66.000
Hypo Vorarlberg Bank 0.5700 8/26/2030 EUR 73.713
Santander Internatio 1.7000 12/12/2049 EUR 44.598
Republic of Ireland 0.7400 9/22/2078 EUR 42.837
Kommunalkredit Austr 1.0550 10/6/2031 EUR 69.743
Morgan Stanley & Co 1.1050 6/18/2041 EUR 60.989
Caisse des Depots et 1.8150 8/8/2048 EUR 71.745
Region de Bruxelles- 1.8000 8/17/2048 EUR 71.051
Heta Asset Resolutio 5.9200 12/31/2023 EUR 1.563
Region de Bruxelles- 0.5920 12/10/2061 EUR 40.004
Region Wallonne Belg 2.0570 10/19/2043 EUR 74.512
SAir Group 5.1250 3/1/2003 CHF 12.294
Region Provence-Alpe 0.3940 9/1/2036 EUR 67.722
Slovakia Government 2.0000 10/17/2047 EUR 73.599
Parnassia Groep BV 1.2600 12/3/2046 EUR 69.873
Autonomous Community 1.6550 10/31/2050 EUR 62.131
Landesbank Hessen-Th 1.3830 3/28/2042 EUR 74.674
Romanian Government 2.1240 7/16/2031 EUR 73.079
Jyske Realkredit A/S 1.0000 10/1/2053 DKK 63.438
Department of Loiret 0.9150 11/23/2043 EUR 61.192
Communaute Francaise 0.7500 2/4/2061 EUR 41.962
Region Wallonne Belg 1.0000 6/22/2045 EUR 58.305
Single Platform Inve 0.8300 9/6/2041 EUR 62.201
Caisse des Depots et 1.3820 3/16/2045 EUR 65.992
Ville de Paris 0.7600 5/25/2066 EUR 38.239
Municipality of Arnh 0.4600 9/20/2049 EUR 53.096
Societe Wallonne de 0.9040 10/23/2047 EUR 50.473
Credit Suisse AG/Nas 3.7500 10/20/2036 USD 73.356
Officine Maccaferri- 5.7500 6/1/2021 EUR 17.000
Deutsche Bank AG/Lon 0.5000 10/18/2038 MXN 17.159
Takarek Mortgage Ban 3.0000 1/28/2036 HUF 55.500
Leonteq Securities A 11.0000 4/28/2023 CHF 68.830
Nestle Hungaria Kft 1.7500 5/31/2028 HUF 69.500
Landesbank Hessen-Th 1.0000 6/12/2035 EUR 72.900
Royal Schiphol Group 2.8900 10/25/2034 AUD 71.095
Single Platform Inve 1.1555 2/12/2041 EUR 66.573
Espirito Santo Finan 5.0500 11/15/2025 EUR 0.622
Vasakronan AB 1.3100 12/10/2040 EUR 47.906
Kreditanstalt fuer W 0.9900 2/12/2051 EUR 65.598
Muenchener Hypotheke 0.2500 10/31/2044 CHF 68.201
Municipality of Arnh 0.6050 2/24/2040 EUR 66.979
Danske Bank A/S 1.0700 8/23/2038 JPY 75.727
Aareal Bank AG 0.3800 9/16/2031 EUR 71.057
Single Platform Inve 0.8850 7/24/2036 EUR 68.808
Land Thueringen 0.3750 11/14/2034 EUR 73.932
Kreditanstalt fuer W 1.1151 5/17/2041 EUR 68.810
Wirtschafts- und Inf 0.4000 11/23/2039 EUR 65.533
DekaBank Deutsche Gi 1.5850 12/28/2035 EUR 64.977
Barclays Bank PLC 7.8300 7/26/2038 MXN 67.029
Societe Du Grand Par 2.1450 11/26/2068 EUR 70.209
Standard Chartered B 2.1400 1/29/2036 USD 72.746
NRW Bank 0.6000 1/28/2051 EUR 53.657
Kingdom of Belgium G 1.6000 6/22/2047 EUR 72.707
Communaute Francaise 1.9250 4/18/2059 EUR 67.620
Caisse des Depots et 1.0150 7/22/2050 EUR 56.826
Societe Wallonne de 0.9480 10/23/2051 EUR 48.982
State of Hesse 0.4500 9/23/2044 EUR 59.885
Region de Bruxelles- 1.2500 1/10/2060 EUR 52.751
Elli Investments Ltd 12.2500 6/15/2020 GBP 52.250
Region Wallonne Belg 0.1500 5/10/2035 EUR 67.053
SiC Processing GmbH 7.1250 3/1/2016 EUR 0.659
State of Mecklenburg 0.2390 11/17/2070 EUR 37.698
WEB Windenergie AG 2.2500 9/25/2028 EUR 0.010
Nordea Bank Abp 0.6200 10/14/2026 SEK 56.370
Leonteq Securities A 20.0000 2/14/2023 USD 49.980
Credit Suisse AG/Lon 17.2500 2/21/2023 USD 69.000
Nederlandse Watersch 0.9960 11/4/2049 EUR 63.159
United Kingdom Gilt 0.6250 10/22/2050 GBP 45.986
Republic of Ireland 1.2500 10/8/2121 EUR 48.925
SAir Group 4.2500 2/2/2007 CHF 11.343
Banco Santander SA 0.7900 9/30/2031 EUR 74.774
Caisse des Depots et 1.9000 5/17/2047 EUR 73.156
Landeskreditbank Bad 1.2360 5/22/2045 EUR 70.478
Single Platform Inve 1.8500 2/15/2041 NOK 67.841
Kommunekredit 1.3750 5/18/2046 SEK 68.990
Nomura Bank Internat 1.4500 12/10/2041 EUR 63.229
Single Platform Inve 2.0850 1/24/2044 NOK 73.678
Hypo Vorarlberg Bank 1.0220 7/31/2034 EUR 67.610
Deutsche Bank AG/Lon 12.7800 3/16/2028 TRY 52.720
Assistance Publique 1.0730 4/16/2045 EUR 61.831
Alliander NV 1.1250 4/8/2035 EUR 74.597
DZ Bank AG Deutsche 1.8400 12/21/2048 EUR 71.818
Kuntarahoitus Oyj 0.4475 3/19/2040 EUR 59.596
Single Platform Inve 0.8030 3/20/2041 EUR 61.921
Hungary Government B 3.0000 4/25/2041 HUF 55.434
Region de Bruxelles- 0.5400 9/13/2044 EUR 54.214
NTRP Via Interpipe L 10.2500 8/2/2017 USD 25.476
Landesbank Hessen-Th 0.8500 10/17/2034 EUR 70.517
Deutsche Pfandbriefb 3.1000 9/7/2046 USD 68.369
Region de Bruxelles- 0.5560 12/23/2064 EUR 35.368
Nederlandse Watersch 0.9640 6/11/2059 EUR 57.643
Landeskreditbank Bad 1.8620 4/6/2062 EUR 74.489
Hungary Government I 1.5000 11/17/2050 EUR 53.304
SpareBank 1 SMN 0.1900 11/6/2030 EUR 72.512
Elli Finance UK PLC 8.7500 6/15/2019 GBP 60.435
Norske Skogindustrie 7.0000 12/30/2026 EUR 0.010
Rosbank PJSC 0.0400 4/30/2024 RUB 60.050
Raiffeisen Bank Inte 7.5000 9/1/2023 EUR 44.440
Banque Cantonale Vau 12.3600 6/27/2023 CHF 71.020
Raiffeisenlandesbank 0.2000 6/9/2036 EUR 66.360
Credit Suisse AG/Lon 19.0000 3/15/2023 USD 72.700
Pongs & Zahn AG 8.5000 11/1/2014 EUR 0.003
Barclays Bank PLC 2.7300 9/27/2024 EUR 56.530
Norske Skogindustrie 7.1250 10/15/2033 USD 0.010
Batigere Grand Est S 1.7090 11/4/2042 EUR 70.591
Lehman Brothers Trea 4.8694 10/5/2035 EUR 0.100
Espirito Santo Finan 5.0500 11/15/2025 EUR 0.622
Cooperatieve Raboban 0.5000 12/29/2027 MXN 61.110
Region of Centre-Val 0.7120 12/3/2039 EUR 64.573
Norddeutsche Landesb 0.7000 3/12/2036 EUR 63.275
Hypo Vorarlberg Bank 1.0200 7/15/2041 EUR 57.151
Norddeutsche Landesb 1.3500 10/20/2038 EUR 66.415
Landesbank Hessen-Th 1.0000 4/28/2036 EUR 69.112
Bayerische Landesban 0.7700 6/18/2032 EUR 72.219
Kreditanstalt fuer W 0.9800 6/28/2051 EUR 65.983
Kreditanstalt fuer W 1.2670 3/22/2051 EUR 71.652
Comunidad Foral de N 1.4500 5/8/2040 EUR 69.783
Kuntarahoitus Oyj 1.2000 7/21/2061 EUR 64.790
Kreditanstalt fuer W 0.8155 12/19/2050 EUR 55.671
Natixis SA 0.3000 6/25/2048 USD 30.863
La Financiere Atalia 5.1250 5/15/2025 EUR 67.258
Citigroup Global Mar 0.3000 2/12/2031 EUR 73.322
United Utilities Wat 0.3590 10/5/2048 GBP 65.961
Romanian Government 3.3750 2/8/2038 EUR 71.368
Kreditanstalt fuer W 0.8300 12/9/2050 EUR 64.769
State of Brandenburg 0.0500 2/28/2033 EUR 74.133
Ukraine Government I 12.5200 5/13/2026 UAH 56.408
Uliving@Essex2 Issue 0.1000 8/31/2063 GBP 68.618
Caisse des Depots et 3.0000 11/8/2051 AUD 67.573
Credit Agricole SA 3.7500 6/9/2040 AUD 68.082
Kreditanstalt fuer W 1.0000 10/20/2050 EUR 66.097
Veneto Banca SpA 6.4110 EUR 0.345
Credit Agricole Corp 2.1050 10/22/2035 USD 68.351
Societe Du Grand Par 1.9230 5/25/2066 EUR 60.984
Caisse Francaise de 0.5100 11/19/2040 EUR 63.260
Vasakronan AB 1.7700 10/26/2033 NOK 73.017
Natixis SA 3.2100 1/29/2050 AUD 63.890
UkrLandFarming PLC 10.8750 3/26/2018 USD 1.784
Kuntarahoitus Oyj 1.1550 11/19/2060 EUR 57.701
Dr Wiesent Sozial gG 7.0000 EUR 0.002
Landesbank Hessen-Th 1.5000 1/20/2037 EUR 64.100
SG Issuer SA 0.2625 2/20/2025 EUR 21.360
T-Centrum CZ AS 11.8900 10/30/2024 CZK 69.000
Takarek Mortgage Ban 1.7500 12/22/2026 HUF 72.800
Societe Generale SA 16.0000 1/3/2024 USD 53.750
Credit Suisse AG/Lon 4.4500 6/28/2023 USD 9.350
Credit Suisse AG/Lon 4.5300 7/12/2023 USD 8.620
Assistance Publique 1.6650 4/10/2049 EUR 67.188
Agrokor dd 9.1250 2/1/2020 EUR 15.000
DAH Holding GmbH 7.2500 9/28/2018 EUR 0.718
Commerzbank AG 1.2190 12/12/2039 EUR 64.947
Autonomous Community 1.2550 10/31/2048 EUR 56.620
BNP Paribas SA 3.7500 6/12/2040 AUD 71.896
Grand Delta Habitat 1.5000 6/2/2045 EUR 66.119
Hypo Vorarlberg Bank 0.7410 10/16/2036 EUR 60.782
NRW Bank 1.2110 10/18/2045 EUR 69.962
Single Platform Inve 3.0000 6/21/2047 USD 72.202
Morgan Stanley & Co 3.4700 1/27/2042 AUD 72.351
KPNQwest NV 10.0000 3/15/2012 EUR 0.680
Ville de Paris 1.1650 6/9/2053 EUR 54.256
Deutsche Pfandbriefb 0.7100 9/10/2031 EUR 70.653
Landesbank Baden-Wue 0.9000 11/22/2034 EUR 71.527
Senvion Holding GmbH 3.8750 10/25/2022 EUR 0.203
Aktia Bank Oyj 0.8500 12/21/2040 EUR 63.450
Kuntarahoitus Oyj 0.8580 2/22/2051 EUR 65.434
Banque International 1.0000 2/18/2036 EUR 68.918
Caisse des Depots et 0.9450 5/19/2051 EUR 55.628
BPCE SFH SA 1.5860 2/1/2047 EUR 73.121
Region de Bruxelles- 1.8130 1/22/2048 EUR 71.948
Denmark Government B 0.2500 11/15/2052 DKK 55.122
Autonomous Community 1.9500 5/24/2041 EUR 73.551
Societe Generale SA 1.2900 12/19/2034 EUR 73.319
Region de Bruxelles- 0.9100 1/31/2053 EUR 50.376
Peine GmbH 2.0000 7/5/2023 EUR 44.500
Pescanova SA 5.1250 4/20/2017 EUR 0.319
Oberoesterreichische 0.2850 11/6/2042 EUR 57.953
Sequa Petroleum NV 5.0000 4/29/2020 USD 30.250
Bayerische Landesban 1.5000 7/14/2036 EUR 71.127
Credit Suisse AG/Lon 18.0000 5/4/2023 USD 71.210
Vontobel Financial P 6.0000 3/24/2023 EUR 70.290
Landesbank Hessen-Th 1.5000 8/23/2034 EUR 69.300
Sberbank of Russia P 0.0100 11/13/2026 TRY 67.710
MOL Nyrt Kueloenlege 4.9500 1/26/2032 HUF 73.960
Duna Aszfalt Ut Es M 2.9900 10/17/2029 HUF 61.000
UniCredit Bank AG 3.5000 2/13/2023 EUR 52.270
Single Platform Inve 1.1650 6/6/2046 EUR 63.498
Natixis SA 2.9500 10/28/2034 AUD 72.503
Municipality of Leva 0.7500 11/17/2036 EUR 70.193
Republic of Ireland 1.3200 11/28/2119 EUR 42.174
Region de Bruxelles- 0.6500 2/15/2061 EUR 39.711
Landesbank Baden-Wue 0.3270 5/7/2038 EUR 64.683
Region Auvergne-Rhon 0.2500 10/23/2034 EUR 70.723
NRW Bank 1.0850 10/26/2041 EUR 71.280
Cerruti Finance SA 6.5000 7/26/2004 EUR 2.058
Vasakronan AB 2.4000 6/20/2044 SEK 69.446
Regie Autonome des T 1.0700 4/28/2050 EUR 56.550
Kreditanstalt fuer W 0.8900 3/10/2041 EUR 70.129
Vasakronan AB 0.9500 3/22/2039 JPY 70.772
Cooperatieve Raboban 1.4850 9/3/2041 EUR 74.649
Muenchener Hypotheke 1.0000 5/7/2035 EUR 74.323
Norddeutsche Landesb 0.6750 2/25/2033 EUR 70.596
State of Hesse 0.3750 4/9/2040 EUR 61.590
Kuntarahoitus Oyj 1.4490 3/1/2061 EUR 71.134
ING Bank NV 2.8300 9/28/2051 USD 67.075
Sanctuary Capital PL 2.4812 11/12/2037 GBP 73.250
Batigere Grand Est S 1.6000 11/14/2039 EUR 72.712
La Veggia Finance SA 7.1250 11/14/2004 EUR 0.287
Single Platform Inve 1.1800 4/1/2039 EUR 68.715
Caisse des Depots et 0.9155 1/20/2051 EUR 56.983
Credit Agricole Corp 0.7200 5/10/2033 EUR 72.046
Italy Buoni Polienna 0.1500 5/15/2051 EUR 64.249
Caisse des Depots et 1.9300 1/22/2048 EUR 72.859
BNG Bank NV 0.6300 7/11/2067 EUR 44.164
Communaute Francaise 1.9720 9/25/2050 EUR 71.293
Agence France Locale 0.3300 12/20/2040 EUR 59.856
Lloyds Banking Group 0.9950 2/15/2038 JPY 73.863
Specialfastigheter S 1.1200 2/19/2044 SEK 59.516
Assistance Publique 1.1250 4/16/2047 EUR 60.354
Muenchener Hypotheke 0.1000 8/14/2034 EUR 70.628
Region de Bruxelles- 0.2560 2/26/2035 EUR 68.856
Commerzbank AG 1.0460 12/18/2034 EUR 71.056
City of Zurich Switz 0.4000 11/21/2046 CHF 72.631
Communaute Francaise 1.3630 4/16/2040 EUR 69.195
BNP Paribas SA 1.0000 1/23/2040 MXN 20.491
Hypo Vorarlberg Bank 1.0200 1/17/2035 EUR 66.407
DZ Bank AG Deutsche 0.7000 11/2/2035 EUR 69.085
DZ Bank AG Deutsche 0.7000 10/16/2034 EUR 70.871
LFA Foerderbank Baye 0.0500 9/29/2034 EUR 70.828
State of North Rhine 1.2670 9/16/2051 EUR 67.423
SpareBank 1 SR-Bank 0.9700 10/9/2040 EUR 59.747
ABN AMRO Bank NV 1.0700 3/3/2041 EUR 71.080
Bilt Paper BV 10.3600 USD 1.245
Kommunekredit 0.8690 11/12/2043 SEK 63.414
SNCF Reseau 2.6220 9/24/2049 USD 69.990
Assistance Publique 2.0000 5/25/2053 EUR 70.299
Senivita Social Esta 8.5000 6/30/2025 EUR 0.020
Societe Generale SA 21.0000 10/3/2023 USD 7.150
SunDell Estate Nyrt 3.2500 11/12/2030 HUF 68.000
Credit Suisse AG/Lon 2.5000 7/23/2025 SEK 23.070
Credit Suisse AG/Lon 6.9000 3/20/2023 USD 2.190
Landesbank Baden-Wue 7.0000 4/28/2023 EUR 70.600
Landesbank Hessen-Th 0.5000 8/9/2034 EUR 75.000
Anselma Issuer SA 1.5740 12/31/2038 EUR 52.730
Batigere Grand Est S 1.5500 11/14/2039 EUR 71.714
Single Platform Inve 0.8800 1/15/2040 EUR 65.399
Assistance Publique 1.0990 4/6/2071 EUR 42.192
Minicentrales Dos SA 0.0100 6/6/2047 EUR 59.467
Ukraine Government B 3.7000 6/22/2023 USD 74.219
Kreditanstalt fuer W 0.6985 10/20/2036 EUR 74.422
Kreditanstalt fuer W 0.8260 10/22/2041 EUR 69.648
Single Platform Inve 0.9300 7/2/2041 EUR 64.045
National Grid Electr 2.0370 2/15/2039 EUR 74.108
Region Wallonne Belg 1.5500 4/28/2120 EUR 48.694
Department of Bouche 0.5430 12/15/2034 EUR 73.187
Societe Generale SFH 0.5700 3/15/2036 EUR 71.980
State of Saarland 0.5000 3/15/2051 EUR 54.182
Single Platform Inve 1.2325 6/25/2044 EUR 67.335
BNP Paribas SA 1.1500 11/20/2034 EUR 73.923
HSBC Bank PLC 10.3000 12/20/2024 TRY 69.180
Republic of Austria 0.7000 4/20/2071 EUR 45.938
Thomas Cook Group PL 6.2500 6/15/2022 EUR 0.305
Meta Wolf AG 6.7500 3/10/2005 DEM 0.114
Land Thueringen 1.1000 7/3/2047 EUR 67.816
Credit Suisse AG/Lon 0.8750 5/21/2031 EUR 68.246
Credit Agricole Corp 11.1900 3/12/2027 TRY 60.274
Caisse des Depots et 1.0180 2/16/2051 EUR 56.645
Credit Agricole Corp 2.4000 5/17/2048 EUR 57.118
BNG Bank NV 0.7993 7/25/2039 EUR 69.843
Bayerische Landesban 3.1800 2/16/2038 EUR 68.650
French Republic Gove 1.5000 5/25/2050 EUR 70.731
Region Provence-Alpe 0.3930 8/26/2036 EUR 68.074
Landesbank Hessen-Th 0.6000 2/18/2036 EUR 65.304
Credit Agricole Corp 10.8000 3/24/2026 TRY 65.809
Wirtschafts- und Inf 0.1920 1/28/2042 EUR 57.615
Belfius Bank SA 0.1900 1/28/2031 EUR 74.815
Hungary Government B 4.0000 4/28/2051 HUF 58.901
Caisse des Depots et 1.5400 10/25/2046 EUR 67.623
PA Resources AB 13.5000 3/3/2016 SEK 0.124
United Utilities Wat 1.4740 8/24/2031 USD 71.477
Italy Buoni Polienna 2.4500 9/1/2050 EUR 71.304
BNP Paribas SA 3.5800 7/23/2040 AUD 70.298
Single Platform Inve 1.1100 1/22/2040 EUR 66.936
Communaute Francaise 1.1400 9/20/2059 EUR 50.232
Bulgaria Steel Finan 12.0000 5/4/2013 EUR 0.216
ECM Real Estate Inve 5.0000 10/9/2011 EUR 15.375
State of North Rhine 1.4910 8/23/2066 EUR 64.903
Steilmann SE 6.7500 6/27/2017 EUR 2.184
Dolphin Drilling ASA 4.4900 8/28/2019 NOK 0.644
Banco Espirito Santo 10.0000 12/6/2021 EUR 0.110
SAG Solarstrom AG 7.5000 7/10/2017 EUR 31.000
Vajda-Papir Gyarto K 3.5000 5/17/2031 HUF 71.200
Credit Suisse AG/Lon 1.0000 12/20/2027 EUR #N/A N/A
MOL Hungarian Oil & 1.9000 4/12/2031 HUF 58.200
UniCredit Bank AG 6.6000 7/20/2028 EUR 34.480
Credit Suisse AG/Lon 1.5200 12/20/2030 EUR 74.149
Republic of Ireland 1.2100 10/27/2111 EUR 47.145
Landesbank Baden-Wue 0.1500 8/11/2031 EUR 74.154
Ville de Paris 0.9630 6/8/2050 EUR 54.730
Barclays Bank PLC 3.1000 12/13/2044 AUD 61.495
Landesbank Hessen-Th 0.9500 6/11/2035 EUR 70.294
Deutsche Bank AG 0.7000 10/7/2031 EUR 73.441
Sidetur Finance BV 10.0000 4/20/2016 USD 0.770
Region de Bruxelles- 0.6580 1/7/2041 EUR 61.134
UBS AG/London 3.3270 11/23/2025 EUR 58.500
Norddeutsche Landesb 1.5700 9/9/2038 EUR 68.106
NatWest Markets PLC 1.2500 12/4/2034 EUR 70.182
Natixis SA 2.9200 9/5/2039 AUD 65.843
HSBC Bank PLC 10.3000 12/10/2024 TRY 69.441
Aktia Bank Oyj 1.0500 9/9/2041 EUR 65.851
Cooperatieve Raboban 1.8500 3/29/2049 EUR 62.925
Intelsat Jackson Hol 9.7500 7/15/2025 USD 0.494
Aareal Bank AG 1.0680 2/18/2050 EUR 64.730
Oberoesterreichische 0.6000 5/26/2031 EUR 74.807
Region Wallonne Belg 1.2500 4/30/2055 EUR 53.863
Kreditanstalt fuer W 1.2080 3/10/2051 EUR 70.718
Santander Internatio 1.3200 8/8/2039 EUR 66.926
Single Platform Inve 1.4500 9/14/2040 EUR 70.912
LFA Foerderbank Baye 0.1600 1/2/2040 EUR 61.687
Kuntarahoitus Oyj 0.8150 2/24/2061 EUR 56.924
Department of L'Eure 0.6430 8/31/2041 EUR 60.646
Alfa Bank AO Via Alf 5.9000 USD 2.466
Kreditanstalt fuer W 0.9550 4/6/2040 EUR 72.612
Single Platform Inve 1.0000 7/15/2036 EUR 70.030
Republic of Ireland 1.1800 5/25/2087 EUR 52.608
Region de Bruxelles- 1.1000 5/25/2051 EUR 57.245
Single Platform Inve 1.8600 2/15/2041 NOK 68.022
Region Auvergne-Rhon 0.8050 7/26/2039 EUR 66.380
Santander Internatio 1.1000 12/7/2040 EUR 62.988
Region de Bruxelles- 0.5000 6/22/2040 EUR 60.299
Landesbank Baden-Wue 0.2900 8/6/2031 EUR 74.136
Credito Padano Banca 3.1000 EUR 34.893
Norddeutsche Landesb 0.6500 12/3/2031 EUR 74.366
Societe Nationale SN 2.5030 1/14/2041 AUD 65.909
BNP Paribas SA 1.4500 11/17/2041 EUR 69.366
Landesbank Hessen-Th 0.9500 2/12/2035 EUR 70.812
Credit Agricole Corp 10.2000 8/6/2026 TRY 61.885
Bayerische Landesban 0.8000 10/16/2036 EUR 64.173
Hypo Vorarlberg Bank 1.5200 7/8/2050 EUR 56.510
LBI ehf 7.4310 USD 0.001
Natixis SA 3.6300 6/14/2039 AUD 72.821
Single Platform Inve 1.6000 2/15/2041 EUR 72.966
Single Platform Inve 1.8650 2/15/2046 EUR 72.841
SAG Solarstrom AG 6.2500 12/14/2015 EUR 31.000
State of Bremen 0.9360 9/28/2046 EUR 66.586
Tonon Luxembourg SA 12.5000 5/14/2024 USD 2.680
Cie de Financement F 1.6300 5/26/2046 EUR 73.835
Communaute Francaise 1.1200 7/19/2038 EUR 68.795
Ukraine Government I 7.7500 9/1/2025 USD 21.769
Golfino AG 8.0000 11/18/2023 EUR 0.010
UBS AG/London 9.2500 5/24/2023 USD 73.350
Landesbank Hessen-Th 2.0000 3/16/2037 EUR 68.900
Vorosko Kereskedelmi 4.7500 1/25/2032 HUF 68.000
Hell Energy Magyaror 3.0000 7/28/2031 HUF 69.500
Landesbank Hessen-Th 1.3000 9/2/2036 EUR 63.550
Mercedes-Benz Manufa 1.5000 3/16/2027 HUF 70.000
Landesbank Hessen-Th 1.0000 4/30/2035 EUR 69.750
Kardan NV 6.3250 2/21/2021 ILS 3.000
Pannon Work Szemelyz 3.0000 10/30/2030 HUF 67.900
Cordia International 3.0000 7/27/2030 HUF 62.000
Pannonia Bio Ltd 2.4000 9/18/2029 HUF 67.590
Danske Bank A/S 5.3000 7/15/2023 SEK 40.380
Landwirtschaftliche 0.9840 2/4/2042 EUR 70.973
Deutschsprachige Gem 1.0040 7/1/2036 EUR 73.911
DZ HYP AG 0.2050 6/5/2040 EUR 58.720
Hellas Telecommunica 8.5000 10/15/2013 EUR 0.834
HSBC Bank PLC 0.5000 11/25/2025 BRL 70.361
Caisse des Depots et 0.6960 9/14/2040 EUR 63.279
Kuntarahoitus Oyj 1.1500 9/24/2051 EUR 68.256
DZ Bank AG Deutsche 0.6250 7/24/2031 EUR 74.624
Agence Francaise de 2.3020 10/25/2044 USD 64.883
Nomura Bank Internat 1.3800 1/19/2037 EUR 68.061
Region Auvergne-Rhon 1.0900 4/8/2037 EUR 74.015
Region Auvergne-Rhon 0.5430 9/28/2036 EUR 69.032
Centre Hospitalier R 0.8000 6/28/2041 EUR 63.022
Serbia Treasury Bond 2.2500 2/26/2041 EUR 68.136
DZ Bank AG Deutsche 0.5400 10/23/2031 EUR 73.774
Caisse des Depots et 1.9300 3/6/2048 EUR 73.686
Caisse des Depots et 1.6170 3/18/2049 EUR 68.330
Landesbank Hessen-Th 1.3000 6/4/2035 EUR 73.483
Credit Agricole Corp 9.4500 3/8/2027 TRY 56.059
State of North Rhine 1.9500 9/26/2078 EUR 71.899
Wirtschafts- und Inf 0.2000 12/14/2045 EUR 51.344
Credit Agricole Corp 15.0000 6/18/2026 TRY 73.335
Muenchener Hypotheke 1.5430 11/16/2048 EUR 74.021
Communaute Francaise 1.9170 12/14/2045 EUR 71.886
UniCredit Bank AG 1.1200 5/14/2057 EUR 63.735
HSBC Bank PLC 2.2300 9/6/2047 EUR 74.398
Kommunekredit 0.3420 9/1/2042 EUR 60.580
Department of Bouche 1.0680 5/21/2048 EUR 58.205
Landesbank Hessen-Th 1.1500 6/23/2036 EUR 70.496
Kreditanstalt fuer W 1.2710 5/20/2051 EUR 70.630
Saechsische Aufbauba 0.3000 2/18/2042 EUR 56.729
Communaute Francaise 1.3400 7/1/2054 EUR 57.806
Caisse des Depots et 1.9600 2/1/2048 EUR 73.362
NRW Bank 0.6500 7/20/2037 EUR 73.863
Region de Bruxelles- 1.5406 6/22/2057 EUR 59.801
HSBC Bank PLC 0.5000 6/23/2027 MXN 63.164
Kreditanstalt fuer W 1.0000 4/27/2041 EUR 71.454
Region Occitanie 0.7280 11/16/2037 EUR 67.800
Ville de Marseille 1.0790 11/19/2046 EUR 61.303
UniCredit Bank AG 0.0300 2/28/2033 EUR 72.548
Societe Nationale SN 2.9100 1/27/2051 AUD 65.865
Region Wallonne Belg 2.1675 7/26/2047 EUR 74.326
Landesbank Hessen-Th 1.0500 5/28/2036 EUR 69.542
DZ Bank AG Deutsche 0.8000 1/21/2041 EUR 66.364
Communaute Francaise 0.8860 6/22/2057 EUR 47.398
Marseille Provence M 1.0000 1/15/2038 EUR 71.845
Rio Forte Investment 4.7500 11/10/2015 EUR 3.311
Deutsche Apotheker-u 0.8000 12/21/2035 EUR 68.516
Grand Delta Habitat 1.5000 9/1/2047 EUR 56.310
Landesbank Hessen-Th 1.0500 7/30/2035 EUR 70.813
SAir Group 2.1250 11/4/2004 CHF 11.343
Department of Loiret 0.4780 10/30/2040 EUR 59.929
Kommunekredit 0.1000 9/30/2033 DKK 72.724
Kommunekredit 0.5000 7/30/2027 TRY 25.599
DZ Bank AG Deutsche 0.3500 11/10/2042 EUR 59.300
Caisse des Depots et 2.3450 1/29/2050 AUD 58.940
Bibby Offshore Servi 7.5000 6/15/2021 GBP 11.625
Credit Suisse AG/Lon 0.5000 1/8/2026 BRL 69.107
Federal Grid Co Unif 6.6000 10/2/2035 RUB 73.310
BNP Paribas Issuance 7.2000 12/17/2024 SEK 73.210
Skandinaviska Enskil 7.4500 1/15/2025 SEK 71.830
Skandinaviska Enskil 6.4000 1/15/2025 SEK 71.770
Pick Szeged Szalamig 2.0000 12/6/2029 HUF 64.910
Deutsche Bank AG/Lon 13.7500 6/20/2026 TRY 38.454
Skandinaviska Enskil 6.0000 1/15/2025 SEK 71.070
VTB Bank PJSC 7.6000 4/2/2031 RUB 67.150
Erste Group Bank AG 12.7500 2/4/2027 EUR 72.000
EFG International Fi 5.7000 2/24/2023 EUR 69.290
Citigroup Global Mar 1.8000 11/17/2036 EUR 63.670
BNP Paribas SA 1.2590 10/2/2023 USD 24.040
KESZ Holding Busines 2.8000 6/17/2031 HUF 70.000
Credit Suisse AG/Lon 8.7500 3/3/2023 USD 74.120
SG Issuer SA 2.1000 12/6/2033 EUR 46.180
Banque Cantonale Vau 5.0000 5/17/2023 CHF 31.520
Raiffeisen Switzerla 7.0500 5/22/2023 EUR 48.160
Nordea Bank Abp 4.6000 1/20/2029 SEK 69.875
Bayer Construct Epit 3.7000 10/21/2031 HUF 67.020
VTB Bank PJSC 10.0000 RUB 46.010
Baromfi-Coop Termelo 3.0000 7/19/2031 HUF 67.800
Gold-Zack AG 7.0000 12/14/2005 EUR 4.133
County of Bihor Roma 2.3200 12/15/2027 RON 60.010
Leonteq Securities A 0.0100 10/16/2023 EUR 69.190
Citigroup Global Mar 2.9300 9/15/2025 EUR 49.500
DZ Bank AG Deutsche 1.5983 10/11/2050 EUR 67.900
Assistance Publique 0.7500 11/30/2039 EUR 64.842
Region de Bruxelles- 1.4190 6/22/2045 EUR 68.202
Ville de Rennes 0.5050 10/22/2034 EUR 72.766
Landwirtschaftliche 0.4000 7/29/2036 EUR 71.195
Agrokor dd 9.1250 2/1/2020 EUR 15.000
Bayerische Landesban 0.9400 7/16/2032 EUR 74.598
Air Berlin Finance B 6.0000 3/6/2019 EUR 0.347
UBS AG/London 2.6300 9/3/2044 AUD 61.601
Wirtschafts- und Inf 0.2670 8/29/2044 EUR 55.845
Assistance Publique 0.4900 9/30/2040 EUR 60.236
Bayerische Landesban 1.8200 3/12/2031 EUR 73.605
Landeskreditbank Bad 1.0250 4/1/2061 EUR 57.992
ABN AMRO Bank NV 1.1710 4/4/2044 EUR 67.742
Communaute Francaise 1.0100 7/19/2051 EUR 53.785
Akademiska Hus AB 1.2520 2/13/2043 SEK 62.481
Swedbank AB 0.3500 9/22/2031 EUR 73.617
BPCE SFH SA 1.3900 3/11/2039 EUR 74.999
Vasakronan AB 2.2770 3/11/2039 EUR 60.117
Single Platform Inve 2.2300 3/17/2039 NOK 73.680
Assistance Publique 0.8000 3/23/2046 EUR 56.517
Region de Bruxelles- 0.7500 6/24/2042 EUR 60.177
Single Platform Inve 0.9320 6/15/2039 EUR 66.308
Norddeutsche Landesb 1.0000 10/13/2036 EUR 65.438
Landesbank Baden-Wue 0.5800 3/2/2033 EUR 72.049
Landesbank Baden-Wue 0.5800 3/2/2033 EUR 72.049
Societe Generale SA 1.0400 3/25/2041 EUR 62.325
Rikshem AB 3.2500 5/31/2041 AUD 67.115
Norddeutsche Landesb 0.7500 1/15/2032 EUR 74.484
Societe Generale SFH 0.3600 9/14/2033 EUR 74.850
Kreditanstalt fuer W 0.6930 2/8/2050 EUR 51.588
Norddeutsche Landesb 0.4000 4/15/2031 EUR 73.688
Landesbank Baden-Wue 0.1400 10/20/2031 EUR 73.713
Kreditanstalt fuer W 0.8800 12/7/2050 EUR 63.986
Deutsche Pfandbriefb 0.3200 12/9/2030 EUR 69.707
Barclays Bank PLC 1.4500 9/24/2038 MXN 25.047
SR-Boligkreditt AS 1.2520 12/2/2041 EUR 72.063
Nederlandse Watersch 1.6100 12/4/2052 EUR 72.959
Thomas Cook Finance 3.8750 7/15/2023 EUR 0.686
HSE Finance Sarl 7.5120 10/15/2026 EUR 55.214
Republic of Ireland 2.0000 6/29/2064 EUR 69.826
NRW Bank 0.6420 2/9/2051 EUR 58.849
Cooperatieve Raboban 2.2550 9/20/2047 EUR 70.527
Deutsche Pfandbriefb 1.8500 9/20/2032 EUR 75.055
Deutsche Bank AG/Lon 14.9000 5/30/2028 TRY 51.671
Caisse des Depots et 0.5705 2/18/2041 EUR 64.765
Deutsche Bank AG 0.6500 6/3/2031 EUR 73.841
Hemso Fastighets AB 3.0200 9/14/2048 SEK 70.215
Bayerische Landesban 0.3500 12/23/2030 EUR 74.597
Single Platform Inve 0.8400 6/20/2043 EUR 60.278
Santander Internatio 1.3650 1/28/2061 EUR 52.385
Single Platform Inve 1.0800 5/25/2066 EUR 51.228
Belfius Bank SA 1.2960 2/20/2040 EUR 73.527
Nederlandse Watersch 0.4360 10/22/2040 EUR 63.351
Batigere Grand Est S 1.5500 8/12/2041 EUR 69.729
Petromena ASA 10.8500 11/19/2018 USD 0.622
Assistance Publique 0.6470 7/17/2040 EUR 65.783
Caisse Francaise de 1.1100 9/21/2046 EUR 66.909
Banque Federative du 0.3760 10/15/2031 EUR 72.321
Astana Finance BV 7.8750 6/8/2010 EUR 16.000
Landesbank Hessen-Th 0.6100 4/12/2034 EUR 69.543
A-TEC Industries AG 2.7500 5/10/2014 EUR 0.100
Norddeutsche Landesb 0.8500 12/7/2035 EUR 65.186
BNP Paribas SA 0.5000 9/29/2029 AUD 70.208
Irish Bank Resolutio 4.0000 4/23/2018 EUR 33.250
Batigere Grand Est S 2.0300 5/29/2070 EUR 74.826
Communaute Francaise 1.1870 9/16/2069 EUR 55.186
Raiffeisenlandesbank 0.8100 9/18/2034 EUR 71.417
Caisse des Depots et 0.9300 11/9/2050 EUR 55.200
Hell Energy Magyaror 2.7000 12/18/2029 HUF 62.700
UBS AG/London 16.3000 1/8/2024 EUR 21.640
Credit Suisse AG/Lon 3.2143 10/6/2023 SEK 5.580
UBS AG/London 5.5200 4/29/2041 USD 48.720
DZ Bank AG Deutsche 0.7000 6/25/2031 EUR 74.340
Societe Generale SA 8.0000 5/28/2027 USD 40.860
Bank Julius Baer & C 13.5000 8/3/2023 CHF 66.100
UniCredit Bank AG 8.9000 8/31/2023 EUR 42.580
VTB Bank PJSC 0.0100 4/8/2026 RUB 72.010
UniCredit Bank AG 8.2000 3/30/2023 EUR 75.500
Bank Vontobel AG 10.5000 4/24/2023 EUR 45.100
Sibur Holding PAO 1.5000 10/2/2030 USD 63.752
Zurcher Kantonalbank 24.8000 4/12/2023 USD 40.320
4iG Nyrt 2.9000 3/29/2031 HUF 71.220
Leonteq Securities A 8.0000 3/1/2023 CHF 25.500
Landesbank Hessen-Th 4.8694 2/11/2037 EUR 66.300
Citigroup Global Mar 12.0000 2/13/2024 SEK 59.160
DZ Bank AG Deutsche 1.5983 10/11/2050 EUR 67.900
OOO SPV Structural I 0.0100 9/1/2023 RUB 66.740
BNP Paribas SA 1.1250 11/5/2034 EUR 72.477
Nederlandse Watersch 0.5010 10/24/2039 EUR 65.723
Credit Agricole Corp 2.8100 10/29/2034 AUD 73.283
Credit Agricole Corp 1.2800 12/5/2039 EUR 68.933
Kreditanstalt fuer W 0.9350 12/16/2039 EUR 72.151
Credit Bank of Mosco 7.1210 6/25/2024 USD 23.470
Single Platform Inve 1.0600 4/1/2042 EUR 65.677
BNG Bank NV 2.0000 9/5/2058 EUR 72.277
KPNQwest NV 8.8750 2/1/2008 EUR 0.680
Credit Suisse AG/Lon 3.2200 2/8/2032 AUD 71.117
Single Platform Inve 0.7800 4/1/2042 EUR 60.816
Deutsche Bank AG 0.7000 2/6/2032 EUR 74.579
Credit Suisse AG/Lon 2.0000 9/30/2030 USD 70.812
Land Thueringen 1.1270 4/2/2049 EUR 67.064
Liga Bank eG Regensb 0.6800 3/17/2036 EUR 69.718
Kommunalkredit Austr 1.1830 6/2/2031 EUR 71.054
Kreditanstalt fuer W 0.6500 2/24/2041 EUR 67.569
Single Platform Inve 0.7800 2/15/2040 EUR 63.079
Deutsche Pfandbriefb 0.6400 9/10/2030 EUR 73.360
Single Platform Inve 0.8700 6/20/2043 EUR 61.160
Assistance Publique 1.8100 11/17/2043 EUR 74.140
Landeskreditbank Bad 1.0170 3/15/2061 EUR 57.315
NRW Bank 1.0220 12/23/2041 EUR 70.999
DZ Bank AG Deutsche 1.2500 2/23/2037 EUR 74.500
Aareal Bank AG 0.3000 12/11/2030 EUR 72.412
Caisse des Depots et 1.7670 9/28/2048 EUR 70.928
Agence France Locale 0.5855 6/20/2034 EUR 73.513
Hypo Vorarlberg Bank 0.4000 12/22/2031 EUR 68.917
Caisse des Depots et 1.6300 12/28/2046 EUR 68.455
Berlin Hyp AG 0.1100 1/20/2031 EUR 74.772
Credit Agricole Corp 2.8000 2/23/2041 AUD 65.394
Raiffeisen-Landesban 1.5000 2/10/2061 EUR 58.976
Kreditanstalt fuer W 0.6800 2/23/2051 EUR 62.348
SG Issuer SA 2.7000 11/28/2034 ZAR 42.484
SG Issuer SA 3.3000 9/26/2034 ZAR 46.687
Wirtschafts- und Inf 0.2450 2/25/2036 EUR 68.978
Banque International 0.5300 9/2/2030 EUR 74.490
BNG Bank NV 0.6320 7/12/2066 EUR 44.847
Royal Schiphol Group 3.0900 7/1/2034 AUD 72.901
Caisse des Depots et 1.9450 9/27/2048 EUR 73.905
Region Wallonne Belg 0.8500 1/26/2071 EUR 39.067
Region de Bruxelles- 1.2860 12/17/2046 EUR 62.266
Opportunity SA/LU 0.4000 11/13/2030 EUR 73.474
HYPO NOE Landesbank 2.5000 3/10/2045 EUR 72.896
Credit Suisse AG/Lon 3.8800 10/31/2036 USD 69.408
Vasakronan AB 1.8700 6/3/2039 EUR 55.342
Agence France Locale 0.5500 6/20/2040 EUR 63.483
LR Realkredit AS 0.5000 10/1/2050 DKK 67.889
Caisse Francaise de 1.1410 9/21/2046 EUR 67.535
State of Hesse 0.1000 10/1/2037 EUR 64.619
Espirito Santo Finan 5.1250 5/30/2016 EUR 0.528
Hemso Fastighets AB 2.6800 7/10/2035 AUD 69.484
State of Rhineland-P 0.6000 10/24/2046 EUR 58.599
Caisse des Depots et 0.6780 7/23/2040 EUR 63.326
Citigroup Global Mar 1.1500 9/19/2039 EUR 62.394
Virgolino de Oliveir 11.7500 2/9/2022 USD 0.499
BLT Finance BV 12.0000 2/10/2015 USD 10.500
Caisse des Depots et 1.4740 6/5/2049 EUR 65.163
Lloyds Bank PLC 1.9200 4/16/2044 EUR 69.991
Autonomous Community 1.1380 11/22/2052 EUR 50.314
Societe Publique de 1.2720 8/23/2036 EUR 73.652
State of North Rhine 1.5125 7/27/2065 EUR 66.276
UniCredit Bank AG 6.6000 9/13/2023 EUR 43.140
Credit Suisse AG/Lon 2.5000 10/7/2025 SEK 23.600
SUN Group Kereskedel 5.5000 1/17/2032 HUF 74.000
OR PJSC 16.0000 11/26/2025 RUB 24.000
Credit Suisse AG/Lon 7.5000 2/15/2023 CHF 63.150
SG Issuer SA 2.2700 2/4/2032 EUR 62.820
Landesbank Baden-Wue 3.4800 2/24/2023 EUR 67.670
Credit Suisse AG/Lon 8.0000 2/24/2023 USD 61.260
MetMax Europe Zrt 3.0000 12/11/2030 HUF 66.900
Raiffeisen Schweiz G 8.8000 7/21/2023 CHF 68.190
Agrar Mezogazdasagi 2.9000 8/24/2031 HUF 67.970
Societe Generale SA 11.7500 9/18/2024 USD 49.000
UBS AG/London 7.2500 3/29/2023 USD 57.500
Zurcher Kantonalbank 16.7500 4/4/2023 USD 39.000
Raiffeisen Bank Inte 7.5000 7/7/2023 EUR 52.550
VON Der Heydt Securi 1.0000 4/30/2031 EUR 67.676
Landesbank Baden-Wue 1.0000 3/14/2034 EUR 74.080
Dyadya Doner OOO 13.5000 4/25/2023 RUB 11.690
Societe Generale SA 21.6000 7/19/2023 USD 58.000
Skandinaviska Enskil 6.0000 7/15/2024 SEK #N/A N/A
WEB Windenergie AG 5.2500 4/8/2023 EUR 0.010
Norddeutsche Landesb 2.1800 9/20/2034 EUR 70.340
Batigere Grand Est S 1.5400 11/4/2041 EUR 69.345
Landesbank Hessen-Th 1.2000 2/9/2052 EUR 71.544
Region Auvergne-Rhon 0.8000 5/22/2040 EUR 64.176
Caisse des Depots et 1.3650 11/2/2051 EUR 62.260
Region of Centre-Val 0.9240 11/2/2043 EUR 61.395
Hypo Vorarlberg Bank 0.8600 10/24/2034 EUR 65.685
Landesbank Hessen-Th 0.8000 1/16/2035 EUR 69.515
Muenchener Hypotheke 1.4950 10/5/2050 EUR 69.754
French Republic Gove 0.5000 5/25/2040 EUR 65.452
Specialfastigheter S 1.1800 12/2/2044 SEK 59.743
Kreditanstalt fuer W 0.9450 12/17/2040 EUR 71.884
Lehman Brothers Trea 4.8694 11/2/2035 EUR 0.100
Eika Boligkreditt AS 0.5600 11/29/2039 EUR 64.737
State of Rhineland-P 0.5000 7/30/2036 EUR 72.238
Bayerische Landesbod 0.7000 6/12/2037 EUR 70.511
Landesbank Hessen-Th 0.7000 11/4/2033 EUR 71.292
Region Auvergne-Rhon 1.1500 4/8/2039 EUR 71.119
Department of L'Eure 1.1100 6/18/2039 EUR 70.307
Region Auvergne-Rhon 0.4930 10/23/2037 EUR 66.184
Santander Internatio 1.1500 4/8/2041 EUR 62.619
Region de Bruxelles- 0.7960 7/2/2042 EUR 60.751
National Treasury Ma 1.1900 10/7/2101 EUR 48.137
Barclays Bank PLC 3.1300 4/9/2051 USD 72.956
DZ Bank AG Deutsche 0.5200 6/23/2031 EUR 74.168
ASCE Group OJSC 7.0000 6/11/2031 USD 60.888
Hypo Vorarlberg Bank 0.4050 3/18/2030 EUR 74.317
Russian Foreign Bond 5.1000 3/28/2035 USD 41.063
Cooperatieve Raboban 1.0990 6/28/2051 EUR 64.568
Landesbank Hessen-Th 1.2000 4/30/2035 EUR 72.710
Credit Agricole Corp 2.4800 3/4/2036 USD 71.079
Autonomous Community 1.7440 7/1/2061 EUR 55.970
Ville de Paris 1.7200 8/23/2047 EUR 72.319
UBS AG/London 1.8600 2/28/2049 EUR 72.791
Single Platform Inve 0.8600 6/15/2039 EUR 64.785
Department of Loiret 0.7900 11/22/2039 EUR 65.602
Vasakronan AB 0.9140 5/27/2030 EUR 70.814
Heta Asset Resolutio 5.7300 12/31/2023 EUR 1.563
HSBC Continental Eur 1.5000 7/26/2049 EUR 67.553
Kreditanstalt fuer W 1.1430 4/15/2050 EUR 68.617
SAir Group 5.5000 7/23/2003 CHF 11.345
Berlin Hyp AG 0.7500 3/4/2050 EUR 61.720
HSE Finance Sarl 5.6250 10/15/2026 EUR 52.293
Muenchener Hypotheke 0.3350 2/10/2031 EUR 74.372
Landeskreditbank Bad 0.5470 2/18/2041 EUR 63.217
Department of Bouche 0.9060 5/20/2039 EUR 67.949
BNG Bank NV 2.0000 2/19/2038 AUD 66.235
Region de Bruxelles- 1.6200 2/8/2044 EUR 70.696
Cooperatieve Raboban 2.4805 2/26/2036 AUD 72.534
City of Amsterdam Ne 1.3590 2/26/2044 EUR 73.252
Region Auvergne-Rhon 0.6450 4/9/2040 EUR 63.093
Wirtschafts- und Inf 0.3210 2/18/2041 EUR 61.104
United Utilities Wat 0.3870 10/5/2057 GBP 63.117
Land Berlin 0.6250 7/15/2039 EUR 68.416
Department of Bouche 0.4320 2/1/2046 EUR 51.011
Landeskreditbank Bad 0.1700 12/10/2035 EUR 69.841
Raiffeisen-Landesban 1.3800 7/24/2059 EUR 63.550
Oberoesterreichische 0.7630 12/15/2050 EUR 59.027
Kuntarahoitus Oyj 1.0050 12/7/2060 EUR 60.763
Swedbank Hypotek AB 1.5000 7/13/2048 EUR 73.995
Lloyds Bank PLC 2.4500 7/23/2048 EUR 75.116
DZ Bank AG Deutsche 0.5000 2/4/2036 EUR 66.285
DZ Bank AG Deutsche 0.6500 12/22/2036 EUR 68.064
Republic of Ireland 1.1000 11/12/2096 EUR 46.401
Agence Francaise de 0.3680 1/12/2046 EUR 55.266
Landesbank Saar 0.7600 5/8/2034 EUR 72.338
Deutsche Bank AG/Lon 0.5000 4/5/2038 MXN 21.345
DZ Bank AG Deutsche 0.2000 10/2/2034 EUR 66.141
SCF Capital Designat 3.8500 4/26/2028 USD 21.824
BNP Paribas SA 3.9500 7/11/2039 AUD 70.563
Norske Skog Holding 8.0000 2/24/2023 USD 0.006
Opportunity SA/LU 0.4000 11/13/2030 EUR 73.474
Region Occitanie 1.3390 3/21/2042 EUR 69.248
Region de Bruxelles- 1.4720 4/29/2044 EUR 68.403
Pescanova SA 6.7500 3/5/2015 EUR 0.319
Landesbank Saar 0.8420 1/24/2033 EUR 74.865
UniCredit SpA 1.4900 10/23/2035 EUR 69.773
Hypo Vorarlberg Bank 0.3900 10/21/2030 EUR 72.321
Nederlandse Watersch 0.7500 10/4/2041 EUR 66.045
Lloyds Bank PLC 0.5000 7/26/2028 MXN 57.834
Agence Metropolitain 0.5000 7/7/2035 EUR 71.483
Phosphorus Holdco PL 10.0000 4/1/2019 GBP 1.430
Communaute Francaise 1.0000 10/8/2069 EUR 45.307
Agence Metropolitain 0.8000 7/1/2040 EUR 64.665
UniCredit Bank AG 0.3100 10/15/2035 EUR 69.458
NRW Bank 0.8000 10/22/2060 EUR 53.829
Region Provence-Alpe 0.5750 7/6/2039 EUR 64.364
Lehman Brothers Trea 2.8750 3/14/2013 CHF 0.100
Single Platform Inve 1.3400 6/20/2041 EUR 70.776
Centrosolar Group AG 7.0000 2/15/2016 EUR 2.505
Banque Federative du 0.1250 11/6/2030 EUR 74.620
Single Platform Inve 1.7850 7/30/2042 EUR 74.097
Credit Industriel Et 2.1600 10/29/2035 USD 69.368
Landesbank Baden-Wue 0.5400 1/29/2032 EUR 74.336
Turkey Government In 6.6250 2/17/2045 USD 73.706
Espirito Santo Finan 3.9540 10/27/2024 EUR 0.982
Vasakronan AB 1.6550 9/5/2039 SEK 64.314
HSBC Continental Eur 2.8900 9/11/2039 AUD 65.658
Department of Bouche 0.4570 10/8/2040 EUR 59.769
Deutsche Pfandbriefb 0.5000 11/18/2030 EUR 71.208
Transports publics f 0.5000 6/27/2041 CHF 72.612
OR PJSC 12.0000 11/14/2024 RUB 5.800
DZ Bank AG Deutsche 2.6960 6/24/2026 EUR 71.990
Credit Agricole Corp 1.5000 5/10/2034 EUR 71.550
Bayerische Landesban 2.3000 2/24/2023 EUR 58.860
Credit Suisse AG/Lon 13.7500 4/13/2023 USD 59.870
ENVIEN Magyarorszag 2.5000 5/18/2031 HUF 68.870
UBS AG/London 10.0000 3/23/2026 USD 38.230
Credit Suisse AG/Lon 5.8800 6/28/2023 USD 9.160
Credit Suisse AG/Lon 18.0000 3/31/2023 USD 51.780
Hunland Feed Kft 2.8800 7/21/2031 HUF 68.220
Luzerner Kantonalban 14.4800 2/14/2023 CHF 74.620
Credit Suisse AG/Lon 5.8000 7/12/2023 USD 8.730
Uniservice Capital L 8.8000 1/21/2029 RUB 75.010
UniCredit Bank AG 4.5500 12/22/2025 EUR 72.960
Nordea Bank Abp 4.1000 7/20/2023 SEK 50.785
Liga Bank eG Regensb 0.8500 5/4/2034 EUR 74.711
Heta Asset Resolutio 4.8750 12/31/2023 EUR 1.563
NRW Bank 1.1550 9/21/2050 EUR 66.763
Kreditanstalt fuer W 0.9530 1/24/2042 EUR 71.266
Societe Generale SA 2.3700 9/17/2035 AUD 62.066
ABN AMRO Bank NV 0.4500 12/12/2036 EUR 69.862
Region Bretagne SCI 0.8150 6/12/2040 EUR 64.946
National Grid Electr 3.1200 12/10/2039 AUD 71.436
Communaute Francaise 2.1770 8/17/2068 EUR 71.533
Nederlandse Watersch 0.9550 2/13/2051 EUR 60.183
Communaute Francaise 0.3920 1/22/2041 EUR 56.635
Aareal Bank AG 0.5200 4/18/2031 EUR 72.839
Single Platform Inve 0.7510 11/6/2047 EUR 53.952
Wirtschafts- und Inf 0.3500 3/31/2036 EUR 69.153
Region Wallonne Belg 1.2400 5/28/2069 EUR 47.074
Region de Bruxelles- 1.0290 1/14/2048 EUR 56.593
Berlin Hyp AG 0.3750 9/29/2031 EUR 74.562
Landesbank Baden-Wue 0.6000 3/5/2036 EUR 65.885
DZ Bank AG Deutsche 0.8000 2/2/2037 EUR 69.783
ABN AMRO Bank NV 1.5970 6/26/2043 EUR 74.999
Goldman Sachs Intern 2.2000 2/1/2036 USD 69.382
HSBC Continental Eur 1.3850 11/18/2039 EUR 71.642
Caisse Francaise de 0.8650 2/17/2042 EUR 66.972
NRW Bank 1.2450 9/7/2060 EUR 63.259
Societe Generale SA 2.9700 4/15/2036 USD 70.195
Romanian Government 2.8750 4/13/2042 EUR 59.560
Wirtschafts- und Inf 0.2000 12/2/2043 EUR 55.332
NRW Bank 1.0200 8/1/2049 EUR 56.481
DZ Bank AG Deutsche 0.7000 4/29/2036 EUR 72.243
Ville de Paris 0.9210 5/26/2053 EUR 50.699
BPCE SA 2.2500 3/13/2040 AUD 51.242
Natixis SA 2.3000 2/2/2036 USD 73.153
Liga Bank eG Regensb 0.0100 1/29/2036 EUR 64.133
DNB Boligkreditt AS 1.5570 9/11/2042 EUR 74.168
Wirtschafts- und Inf 0.4500 12/1/2038 EUR 67.735
Bazalgette Finance P 0.1740 5/16/2049 GBP 68.617
Communaute Francaise 1.6000 6/22/2047 EUR 67.550
Banque International 0.5100 2/10/2031 EUR 72.646
Slovenska Sporitelna 4.4900 EUR 61.811
Nederlandse Watersch 1.5770 12/9/2039 GBP 68.387
Centre Hospitalier R 1.5000 4/27/2050 EUR 69.255
Caisse des Depots et 1.7800 1/15/2048 EUR 71.047
Single Platform Inve 1.2500 8/15/2051 EUR 61.946
Wirtschafts- und Inf 0.2500 8/11/2039 EUR 63.699
Canton of Geneva Swi 0.0500 8/27/2041 CHF 71.075
Agence France Locale 0.5700 9/20/2040 EUR 63.386
Rikshem AB 2.9000 1/23/2035 AUD 71.573
Aktia Bank Oyj 0.9900 1/15/2035 EUR 72.904
UBS AG/London 1.6000 4/18/2049 EUR 68.549
Single Platform Inve 0.5590 2/15/2047 EUR 53.016
Irish Bank Resolutio 6.7500 11/30/2013 BGN 33.294
Cie de Financement F 0.9750 8/11/2046 EUR 65.928
Deutsche Pfandbriefb 0.6130 9/30/2032 EUR 65.695
Landesbank Baden-Wue 1.0800 7/16/2035 EUR 71.671
Caisse des Depots et 1.1140 9/20/2049 EUR 59.516
Pfandbriefbank schwe 0.2500 5/17/2040 CHF 74.519
Societe Generale SA 1.1000 2/20/2034 EUR 73.361
Intesa Sanpaolo Bank 3.1020 11/19/2035 AUD 69.303
International Bank o 8.2500 10/9/2024 USD 60.375
Natixis SA 1.1500 1/23/2035 EUR 72.466
Norske Skogindustrie 2.0000 12/30/2115 EUR 0.113
Deutsche Bank AG/Lon 11.2100 6/26/2025 TRY 68.807
Communaute Francaise 2.0000 4/14/2076 EUR 68.909
DLR Kredit A/S 0.5000 10/1/2053 DKK 67.649
Communaute Francaise 0.5000 6/27/2046 EUR 51.014
Landesbank Hessen-Th 0.8500 7/17/2035 EUR 71.900
VTB Bank PJSC 8.4000 5/21/2030 RUB 55.000
Landesbank Hessen-Th 0.8500 2/18/2036 EUR 63.150
DVM Construction Fov 3.0000 7/29/2030 HUF 63.700
Rosseti Kuban PJSC 10.4400 11/21/2025 RUB 75.000
Epito-Es Epuletkarba 3.0000 11/11/2030 HUF 65.500
IEC Optima Ltd Co 15.0000 10/29/2024 RUB 4.180
Bank Vontobel AG 11.6000 6/20/2023 CHF 63.800
Leonteq Securities A 14.0000 2/13/2023 CHF 33.160
Landesbank Hessen-Th 1.5000 2/10/2037 EUR 66.450
Bank Vontobel AG 8.0000 11/27/2023 EUR 45.100
Zurcher Kantonalbank 7.5000 7/10/2023 USD 69.370
Zurcher Kantonalbank 6.0000 4/14/2023 CHF 32.680
Glavtorg LLC 14.5000 12/12/2024 RUB 5.540
Citigroup Global Mar 12.3787 11/13/2023 SEK 46.950
Leonteq Securities A 13.0000 2/22/2023 CHF 35.530
DZ Bank AG Deutsche 9.2500 4/28/2023 EUR 38.950
Greenergy Holding Va 3.0000 9/21/2031 HUF 67.346
Leonteq Securities A 18.0000 2/14/2023 CHF 37.090
AutoWallis Nyrt 3.0000 7/27/2031 HUF 64.750
Sintekom TH OOO 13.0000 1/23/2025 RUB 65.390
Raiffeisen Schweiz G 7.0000 3/17/2023 CHF 69.160
Basler Kantonalbank 9.0000 6/22/2023 CHF 72.040
DZ Bank AG Deutsche 5.0000 3/24/2023 EUR 72.990
Credit Suisse AG/Lon 25.7500 6/8/2027 USD 74.300
Bank Vontobel AG 7.5000 3/31/2023 CHF 65.000
Leonteq Securities A 15.0000 4/21/2023 CHF 44.720
Societe Generale SA 12.2640 11/2/2023 USD 20.350
VTB Bank PJSC 10.0000 RUB 37.930
Landesbank Hessen-Th 1.7500 2/16/2037 EUR 68.000
UBS AG/London 11.7500 8/2/2023 EUR 74.600
Opus Global Nyrt 3.2000 4/29/2031 HUF 71.000
Landesbank Baden-Wue 5.6900 2/24/2023 EUR 68.110
DZ Bank AG Deutsche 4.0500 6/23/2023 EUR 60.470
Busy Bee Finance PLC 5.0000 6/28/2029 EUR 65.000
Bank Vontobel AG 7.2524 4/24/2023 CHF 50.200
SG Issuer SA 1.8000 8/14/2034 EUR 70.780
LP Portfolio Vagyonk 2.8000 11/30/2030 HUF 64.400
Landesbank Hessen-Th 1.5000 10/20/2036 EUR 63.900
Reneszansz Kofarago 3.2000 4/9/2031 HUF 73.000
Infogroup Holding Kf 3.0000 5/20/2031 HUF 65.050
Raiffeisen Bank Inte 6.5000 6/9/2023 EUR 38.250
Quintet Private Bank 6.0500 5/26/2026 USD 70.990
Trans-Sped Logisztik 2.5000 3/16/2030 HUF 67.630
Vontobel Financial P 19.0000 3/24/2023 EUR 60.570
SunDell Estate Nyrt 3.6500 7/9/2031 HUF 69.500
SG Issuer SA 7.6000 1/20/2025 SEK 55.750
SG Issuer SA 11.1700 7/20/2025 SEK 39.280
Landesbank Baden-Wue 4.8694 2/20/2034 EUR 72.310
Resursosberezhenie H 9.0000 6/17/2031 RUB 60.050
Kraus-M ZAO 10.0000 12/10/2026 RUB 60.050
Market Epito Zrt 2.9500 10/22/2029 HUF 68.000
Opus Global Nyrt 2.8000 10/29/2029 HUF 69.500
BNP Paribas Issuance 1.5600 2/2/2039 EUR 54.610
Russian Railways JSC 12.7700 10/15/2040 RUB 50.000
Forras Vagyonkezeles 3.2500 10/1/2030 HUF 68.990
Hypo Vorarlberg Bank 1.5900 8/25/2050 EUR 56.971
Region of Pays de la 0.9240 11/4/2044 EUR 60.133
Single Platform Inve 0.9500 2/15/2044 EUR 61.741
Region de Bruxelles- 0.8080 1/31/2050 EUR 52.200
Nederlandse Watersch 1.2000 11/26/2049 EUR 66.556
Morgan Stanley & Co 3.1000 10/28/2041 AUD 68.765
DZ Bank AG Deutsche 1.0000 2/8/2035 EUR 71.696
Kuntarahoitus Oyj 1.0000 10/25/2049 EUR 66.930
Erste Group Bank AG 1.1700 1/28/2037 EUR 73.194
BNP Paribas SA 2.7200 12/12/2034 AUD 65.843
DZ Bank AG Deutsche 0.6000 9/30/2033 EUR 72.323
Laurel GmbH 7.1250 11/16/2017 EUR 7.750
Petromena ASA 9.7500 5/24/2016 NOK 0.607
Kaupthing ehf 5.0820 12/1/2008 EUR 0.250
Raiffeisen Landesban 1.1320 8/16/2049 EUR 66.131
Santander Internatio 1.1800 12/5/2034 EUR 72.723
LBI ehf 6.1000 8/25/2011 USD 10.162
Single Platform Inve 1.2600 1/22/2049 EUR 61.751
Ministeries Van de V 1.0950 6/3/2055 EUR 51.416
Portugal Obrigacoes 1.0000 4/12/2052 EUR 52.959
Citigroup Global Mar 1.2000 12/23/2036 EUR 67.398
Norddeutsche Landesb 0.4000 3/11/2031 EUR 73.805
Basque Government 2.3500 4/11/2049 EUR 75.061
Natixis SA 3.0000 10/18/2051 USD 67.944
Erste Group Bank AG 1.0100 10/7/2041 EUR 65.393
Landesbank Saar 0.6800 3/29/2034 EUR 71.932
Willhem AB 1.8240 10/18/2038 SEK 66.956
Agence Francaise de 2.3600 10/17/2044 AUD 61.756
Kuntarahoitus Oyj 0.9600 10/25/2049 EUR 66.222
Credit Mutuel Arkea 0.7300 10/14/2036 EUR 65.411
Grand Delta Habitat 1.7500 10/28/2061 EUR 74.169
Hypo Vorarlberg Bank 0.9200 7/8/2036 EUR 63.081
Norddeutsche Landesb 0.5000 7/28/2031 EUR 73.756
Landesbank Saar 0.7100 12/6/2035 EUR 69.666
Single Platform Inve 0.8525 3/20/2040 EUR 63.816
Norddeutsche Landesb 0.6500 11/11/2031 EUR 74.396
SpareBank 1 SR-Bank 1.0200 10/8/2036 EUR 66.883
Republic of Ireland 1.2300 5/29/2120 EUR 47.381
Norddeutsche Landesb 0.5250 1/19/2032 EUR 73.380
Landesbank Baden-Wue 0.6800 6/22/2034 EUR 70.276
HSBC Continental Eur 2.0250 3/19/2049 EUR 74.892
Caisse des Depots et 1.2700 10/1/2051 EUR 60.618
Vasakronan AB 2.1620 5/4/2040 SEK 69.670
Single Platform Inve 1.5475 10/31/2050 EUR 65.289
Wirtschafts- und Inf 0.4210 3/17/2039 EUR 65.971
Landesbank Baden-Wue 1.1000 5/7/2040 EUR 67.988
Region Provence-Alpe 0.5690 10/1/2038 EUR 65.088
Ville de Paris 0.9630 12/6/2051 EUR 53.010
Deutsche Bank AG 2.0100 12/10/2052 EUR 69.614
Caisse Francaise de 1.4280 2/19/2049 EUR 74.962
Single Platform Inve 3.5050 8/6/2046 AUD 68.666
Caisse des Depots et 2.2050 9/28/2041 AUD 62.444
UBS AG/London 0.1200 5/25/2040 MXN 13.636
Landesbank Baden-Wue 0.7700 6/23/2036 EUR 67.483
Credit Suisse AG/Lon 1.0000 9/24/2035 EUR 58.297
Norddeutsche Landesb 0.5000 7/7/2031 EUR 73.921
Societe Generale SA 2.7000 3/25/2036 USD 67.924
Landesbank Baden-Wue 0.2500 5/27/2037 EUR 65.401
Caisse des Depots et 2.6150 11/15/2049 AUD 62.850
Norddeutsche Landesb 1.3000 3/16/2037 EUR 68.502
Aktia Bank Oyj 0.9650 12/11/2040 EUR 64.905
Municipality of Alme 0.2100 9/14/2035 EUR 70.322
Landesbank Hessen-Th 1.0000 8/18/2036 EUR 68.840
Northland Resources 12.2500 3/26/2016 USD 2.621
Citigroup Global Mar 1.2300 8/20/2039 EUR 63.722
Brussels Municipalit 0.3840 6/15/2035 EUR 69.793
Norddeutsche Landesb 0.4500 5/14/2031 EUR 73.853
Bayerische Landesban 1.6820 5/2/2036 EUR 73.420
Italy Buoni Polienna 2.1500 3/1/2072 EUR 60.059
Renovables Atlasol S 2.2000 12/31/2038 EUR 73.711
Metropole de Lyon 0.5000 12/28/2048 EUR 48.093
Natixis SA 3.6000 11/16/2041 AUD 71.765
Norddeutsche Landesb 0.3250 9/15/2031 EUR 72.285
Single Platform Inve 2.0700 6/1/2040 NOK 71.175
Credit Bank of Mosco 3.1000 1/21/2026 EUR 21.990
Bayerische Landesban 0.1500 4/9/2031 EUR 72.707
BPCE SA 3.0000 11/18/2036 AUD 63.598
Bayerische Landesban 0.2800 10/9/2030 EUR 74.395
Barclays Bank PLC 0.9400 8/2/2049 JPY 64.121
NRW Bank 1.4000 3/19/2070 EUR 63.130
Norddeutsche Landesb 0.5000 6/16/2031 EUR 74.069
Kreditanstalt fuer W 0.6000 2/16/2051 EUR 58.797
Raiffeisen-Landesban 0.0500 9/13/2033 EUR 70.663
Region de Bruxelles- 1.5000 2/15/2039 EUR 74.923
Aktia Bank Oyj 0.6900 2/4/2036 EUR 68.351
Caisse des Depots et 1.4380 5/24/2051 EUR 63.906
Banque et Caisse d'E 1.2300 4/26/2046 EUR 74.167
Nederlandse Watersch 0.1300 9/6/2033 EUR 73.895
Single Platform Inve 1.1000 4/19/2039 JPY 108.855
DZ Bank AG Deutsche 0.6000 2/25/2036 EUR 67.479
Norddeutsche Landesb 0.6500 1/12/2032 EUR 73.973
Landesbank Hessen-Th 0.5000 3/10/2034 EUR 68.718
SpareBank 1 SMN 1.0000 7/3/2034 EUR 69.707
Caisse des Depots et 0.9820 11/6/2050 EUR 56.126
Santander Internatio 1.1920 12/7/2045 EUR 60.667
BPCE SA 2.4500 2/24/2035 AUD 61.537
Spain Government Bon 0.8500 7/30/2037 EUR 69.065
Norddeutsche Landesb 0.5000 10/14/2031 EUR 73.417
HYPO NOE Landesbank 1.6550 2/21/2034 EUR 74.169
Citigroup Global Mar 0.5200 3/19/2033 EUR 67.411
Single Platform Inve 0.4190 2/15/2040 EUR 58.878
DZ Bank AG Deutsche 0.4400 1/21/2036 EUR 63.341
Landesbank Hessen-Th 0.5000 2/18/2036 EUR 64.330
Norddeutsche Landesb 0.3500 2/11/2031 EUR 73.639
Standard Chartered B 0.5200 1/22/2041 JPY 87.427
Natixis SA 3.5500 11/12/2041 AUD 70.931
Grand Delta Habitat 1.6300 3/6/2045 EUR 68.146
Barclays Bank PLC 1.0110 2/1/2041 EUR 64.745
Societe Generale SA 2.3000 1/28/2036 USD 64.737
Single Platform Inve 1.9100 8/15/2036 NOK 72.938
Oberoesterreichische 0.6550 1/25/2036 EUR 67.115
Credito Padano Banca 3.1000 EUR 34.660
Societe Generale SA 2.7500 3/12/2040 AUD 58.338
Muenchener Hypotheke 1.6920 11/6/2051 EUR 72.579
Oberoesterreichische 0.7050 1/29/2036 EUR 67.591
Getin Noble Bank SA 11.3000 8/30/2024 PLN 50.706
NIBC Bank NV 0.4100 1/27/2031 EUR 71.846
Caisse des Depots et 1.2900 5/5/2051 EUR 61.305
Region Nouvelle-Aqui 0.6300 11/22/2039 EUR 63.606
Single Platform Inve 0.9075 2/15/2041 EUR 64.023
Region de Bruxelles- 0.9300 5/3/2051 EUR 53.235
Single Platform Inve 1.0225 2/15/2046 EUR 60.430
Natixis SA 1.3500 6/26/2039 EUR 69.129
LR Realkredit AS 1.0000 10/1/2050 DKK 68.603
Single Platform Inve 0.5320 2/15/2044 EUR 54.955
ABN AMRO Bank NV 1.4250 4/17/2045 EUR 70.805
SNCF Reseau 1.4750 3/30/2065 EUR 53.219
Muenchener Hypotheke 0.8860 3/26/2043 EUR 65.925
Norske Skog Holding 8.0000 2/24/2023 USD 0.006
Kreditanstalt fuer W 1.0750 12/20/2049 EUR 68.450
La Banque Postale Ho 1.2020 4/29/2039 EUR 73.919
BPCE SA 2.8200 12/18/2039 AUD 57.102
Credit Agricole Corp 2.4800 8/18/2050 USD 59.718
SAir Group 2.7500 7/30/2004 CHF 11.299
Hypo Tirol Bank AG 1.0100 1/20/2040 EUR 70.097
Bayerische Landesbod 0.0300 10/22/2035 EUR 67.561
DZ Bank AG Deutsche 0.7500 6/28/2033 EUR 74.209
Commerzbank AG 1.4300 1/23/2040 EUR 68.474
Saastopankkien Kesku 0.9750 8/18/2034 EUR 73.258
Communaute Francaise 1.7000 4/15/2049 EUR 67.588
Lehman Brothers Trea 23.3000 9/16/2008 USD 0.100
Lehman Brothers Trea 4.0500 9/16/2008 EUR 0.100
Single Platform Inve 0.6780 2/15/2041 EUR 60.437
Comunidad Foral de N 2.1000 4/30/2044 EUR 73.879
Department of Val d' 0.7350 7/3/2040 EUR 63.824
Societe Generale SA 1.5100 12/20/2044 EUR 65.117
DZ Bank AG Deutsche 1.5983 10/11/2050 EUR 62.766
Aktia Bank Oyj 0.6350 10/16/2035 EUR 68.251
Caisse des Depots et 0.6060 9/30/2039 EUR 67.172
NRW Bank 1.1820 8/7/2050 EUR 60.583
Oberoesterreichische 1.0140 9/16/2049 EUR 58.176
Comunidad Foral de N 0.5500 10/22/2035 EUR 68.382
Agence Francaise de 0.5370 7/16/2040 EUR 65.764
Oberoesterreichische 0.9530 9/16/2039 EUR 65.402
Credit Mutuel Arkea 1.1650 9/23/2039 EUR 66.552
Norddeutsche Landesb 1.4100 7/7/2037 EUR 67.998
Region Wallonne Belg 0.8080 6/24/2038 EUR 66.093
Caisse des Depots et 0.8100 9/6/2049 EUR 53.661
State of Rhineland-P 0.1000 10/1/2040 EUR 61.341
Agence Francaise de 2.3600 1/30/2045 AUD 61.622
Barclays Bank PLC 1.9877 12/1/2040 USD 70.509
Single Platform Inve 1.3750 7/25/2053 EUR 63.542
Agrokor dd 9.8750 5/1/2019 EUR 15.000
Region Occitanie 1.2380 3/2/2039 EUR 72.352
Perrigo Co PLC 5.3000 11/15/2043 USD 72.500
Kreditanstalt fuer W 0.2100 11/18/2037 EUR 64.884
Kreditanstalt fuer W 0.9020 11/16/2050 EUR 64.408
Landesbank Hessen-Th 0.9800 11/9/2060 EUR 57.801
Single Platform Inve 0.8730 5/25/2052 EUR 53.386
Kuntarahoitus Oyj 1.0050 11/4/2060 EUR 60.266
Barclays Bank PLC 1.6448 6/3/2041 USD 67.762
Barclays Bank PLC 2.3254 1/2/2041 USD 72.573
BNG Bank NV 0.0430 9/17/2033 EUR 73.236
Solarwatt GmbH 7.0000 11/1/2015 EUR 15.500
Raiffeisen Landesban 1.6220 5/28/2054 EUR 72.600
NRW Bank 0.5100 9/23/2039 EUR 66.172
Danske Bank A/S 0.8050 8/12/2036 EUR 71.812
Lehman Brothers Trea 0.8000 12/30/2016 EUR 0.100
Landesbank Hessen-Th 1.0500 11/17/2060 EUR 59.305
Ukraine Government I 7.7500 9/1/2027 USD 19.820
LP Portfolio Vagyonk 2.6400 1/8/2030 HUF 71.390
Vontobel Financial P 22.0000 6/23/2023 EUR 56.760
Corner Banca SA 8.4000 2/20/2023 CHF 54.930
UBS AG/London 6.3800 6/7/2023 USD 9.690
Raiffeisen Schweiz G 8.0000 3/24/2023 CHF 50.250
UBS AG/London 16.1500 2/15/2024 USD 67.180
Societe Generale SA 10.2600 4/14/2025 USD 71.100
Raiffeisen Schweiz G 9.5000 5/2/2023 CHF 44.420
Bank Julius Baer & C 10.0000 8/7/2023 USD 59.000
GVC George's Venture 2.5000 12/18/2030 HUF 71.780
VTB Bank PJSC 13.0000 RUB 40.000
Metal Hungaria Holdi 3.5000 11/16/2031 HUF 68.000
Societe Generale SA 20.0000 6/28/2024 USD 49.990
Bank Julius Baer & C 15.0000 5/3/2023 CHF 31.700
Ebis OOO 12.0000 4/9/2024 RUB 2.660
Leonteq Securities A 22.0000 5/12/2023 CHF 71.070
Luzerner Kantonalban 9.7000 3/23/2023 CHF 61.120
Societe Generale SA 16.0000 7/3/2024 USD 19.130
Bank Vontobel AG 7.5000 12/4/2023 CHF 74.100
Banque Cantonale Vau 7.3000 9/16/2024 CHF 20.360
Societe Generale SA 16.0000 8/1/2024 USD 17.500
AutoWallis Nyrt 3.0000 4/15/2030 HUF 66.870
TransKomplektHolding 9.5000 11/2/2028 RUB 60.100
TKK OOO 12.0000 9/20/2046 RUB 60.100
State of Saxony-Anha 2.2238 7/3/2028 EUR 60.000
Communaute Francaise 0.8175 8/28/2050 EUR 51.555
Landesbank Berlin AG 2.0580 11/4/2031 EUR 74.387
Single Platform Inve 1.4420 7/25/2053 EUR 65.049
Kreditanstalt fuer W 0.6600 11/12/2039 EUR 69.544
Heta Asset Resolutio 5.2700 12/31/2023 EUR 1.563
Region of Centre-Val 0.7550 11/2/2037 EUR 69.101
Region de Bruxelles- 0.2830 10/24/2033 EUR 72.075
Department of Bouche 0.8100 12/16/2041 EUR 62.423
Single Platform Inve 0.9240 2/18/2049 EUR 55.262
BNP Paribas SA 1.3000 1/28/2037 EUR 72.437
Region Wallonne Belg 1.3000 6/16/2068 EUR 48.838
Region de Bruxelles- 1.0650 6/12/2058 EUR 49.897
Oberoesterreichische 0.3150 9/14/2035 EUR 69.347
Caisse des Depots et 1.0750 9/15/2050 EUR 57.822
HSBC Continental Eur 1.1400 8/26/2049 EUR 61.352
Landesbank Hessen-Th 0.7500 9/18/2034 EUR 69.775
Nederlandse Watersch 1.1250 7/8/2050 EUR 63.910
Norddeutsche Landesb 1.0000 10/26/2035 EUR 66.858
Lehman Brothers Trea 4.8694 3/16/2035 EUR 0.100
Single Platform Inve 1.1025 5/25/2052 EUR 57.647
NRW Bank 1.0000 6/24/2051 EUR 63.859
Region Auvergne-Rhon 0.6500 5/18/2038 EUR 66.784
Raiffeisenlandesbank 1.5000 10/21/2039 EUR 70.889
Region de Bruxelles- 0.7200 10/17/2051 EUR 48.384
Raiffeisenlandesbank 0.8350 10/20/2036 EUR 72.186
Brussels Municipalit 0.8320 3/29/2041 EUR 63.598
Deutsche Bank AG 2.5300 10/7/2036 USD 70.084
Single Platform Inve 1.2400 5/25/2052 EUR 61.002
Ministeries Van de V 0.9400 5/12/2050 EUR 50.158
Region Auvergne-Rhon 0.5300 9/29/2036 EUR 68.996
Republic of Poland G 1.2500 10/25/2030 PLN 71.205
Single Platform Inve 1.4900 3/20/2051 EUR 64.400
UBS Group AG 2.3700 2/25/2036 USD 71.298
Liga Bank eG Regensb 0.7600 12/8/2036 EUR 69.748
Communaute Francaise 1.8400 3/1/2049 EUR 73.277
Caisse des Depots et 0.3225 6/4/2035 EUR 71.309
Kreditanstalt fuer W 0.9430 6/9/2050 EUR 65.749
Credit Agricole Corp 2.6500 1/29/2035 AUD 71.763
NIBC Bank NV 0.6600 7/14/2031 EUR 72.628
BNP Paribas SA 3.6600 8/9/2039 AUD 67.855
Nederlandse Watersch 1.4860 4/24/2052 EUR 70.682
Caisse des Depots et 1.0380 7/31/2049 EUR 57.629
BNG Bank NV 1.4375 11/10/2046 EUR 69.723
Nederlandse Watersch 1.4275 11/14/2046 EUR 72.626
Romania Government B 4.2500 4/28/2036 RON 72.251
Single Platform Inve 1.1650 7/30/2035 EUR 73.294
Region Provence-Alpe 0.3580 8/31/2035 EUR 69.706
DZ Bank AG Deutsche 0.5500 9/9/2036 EUR 70.213
Finland Government B 0.1250 4/15/2052 EUR 47.662
SG Issuer SA 3.0000 10/10/2034 ZAR 44.717
Societe Generale SA 2.0500 2/18/2031 AUD 70.786
Caisse des Depots et 0.6420 2/12/2041 EUR 61.739
Kreditanstalt fuer W 0.8200 4/15/2050 EUR 65.306
Region de Bruxelles- 0.9000 4/14/2050 EUR 53.476
Parnassia Groep BV 1.4300 12/1/2043 EUR 55.384
SNCF Reseau 2.0290 1/22/2048 EUR 73.805
Region Auvergne-Rhon 0.6970 8/2/2036 EUR 71.142
Metropole de Lyon 0.5400 12/7/2050 EUR 46.374
Landesbank Hessen-Th 0.9000 5/12/2036 EUR 68.124
Norddeutsche Landesb 1.0500 1/6/2039 EUR 61.906
Single Platform Inve 0.9320 2/15/2041 EUR 63.167
Basque Government 1.7500 4/22/2050 EUR 63.574
State of North Rhine 0.9500 1/10/2121 EUR 39.883
Credit Agricole Corp 2.2800 1/19/2036 USD 69.466
DZ Bank AG Deutsche 0.5500 1/21/2036 EUR 67.178
Landesbank Saar 0.1300 8/24/2033 EUR 73.539
Autonomous Community 1.2500 10/31/2040 EUR 65.727
Region of Centre-Val 0.7250 12/12/2039 EUR 64.690
Muenchener Hypotheke 0.4200 11/16/2033 EUR 71.848
Region Nouvelle-Aqui 0.8140 11/22/2044 EUR 58.433
Opportunity SA/LU 0.4000 11/13/2030 EUR 73.796
Norddeutsche Landesb 1.6000 4/14/2037 EUR 71.506
Norddeutsche Landesb 1.7500 4/14/2037 EUR 73.068
Getin Noble Bank SA 12.3200 3/31/2023 PLN 55.163
Hemso Fastighets AB 2.1270 4/18/2039 EUR 71.193
Region de Bruxelles- 1.9220 4/24/2059 EUR 66.724
DZ HYP AG 0.3000 8/21/2035 EUR 69.099
Single Platform Inve 1.1500 5/25/2066 EUR 53.353
Ville de Paris 0.4640 8/20/2040 EUR 60.977
Republic of Austria 1.5000 11/2/2086 EUR 61.438
SAir Group 6.2500 4/12/2005 CHF 11.343
Cooperatieve Raboban 0.5000 8/21/2028 MXN 57.438
Portugal Obrigacoes 0.9000 10/12/2035 EUR 74.559
Agence Francaise de 0.7140 7/10/2045 EUR 60.459
BNP Paribas SA 3.5900 7/20/2040 AUD 66.274
SNCF Reseau 1.1000 10/27/2036 EUR 74.696
Communaute Francaise 2.0410 4/12/2069 EUR 68.137
Natixis SA 2.4200 9/29/2035 AUD 67.110
Santander Internatio 2.7700 7/2/2035 USD 73.312
BPCE SA 1.9800 10/6/2030 AUD 70.677
Landesbank Hessen-Th 0.7000 11/2/2034 EUR 69.091
Lehman Brothers Trea 5.2500 4/1/2023 EUR 0.100
Cooperatieve Raboban 1.4300 9/1/2036 EUR 71.819
Deutsche Bank AG/Lon 0.5000 8/23/2038 MXN 20.213
Banque International 0.4800 11/13/2030 EUR 73.202
Natixis SA 2.9000 1/29/2040 AUD 65.204
Ferrovie Luganesi SA 0.2800 12/31/2044 CHF 70.135
Nederlandse Watersch 1.5510 11/24/2061 EUR 68.539
Republic of Austria 1.5000 2/20/2047 EUR 74.601
NRW Bank 0.3600 10/15/2035 EUR 71.855
Barclays Bank PLC 1.2350 11/27/2040 EUR 67.962
Kreditanstalt fuer W 1.1100 7/13/2046 EUR 71.637
State of North Rhine 0.8800 7/12/2040 EUR 70.479
Ukraine Government I 7.7500 9/1/2029 USD 20.559
MARSO Ltd 2.3000 12/17/2029 HUF 69.810
GSP-Finance LLC/Russ 9.4300 3/27/2028 RUB 70.000
SG Issuer SA 7.5000 1/20/2025 SEK 54.310
Societe Generale SA 0.7050 11/12/2035 EUR 65.390
Rosbank PJSC 0.0100 4/30/2024 RUB 60.050
Rosbank PJSC 0.0300 4/30/2024 RUB 60.050
Rosbank PJSC 0.0200 4/30/2024 RUB 60.050
Credit Suisse AG/Lon 7.0000 12/17/2026 EUR 60.590
Leonteq Securities A 18.0000 5/2/2023 CHF 40.740
OTP Munkavallalok Ii 4.5000 7/14/2031 HUF 72.120
Bank Severnyy Morsko 8.5000 RUB 75.000
Credit Suisse AG/Lon 7.6500 3/3/2023 USD 41.500
Raiffeisen Schweiz G 11.0000 2/13/2023 CHF 52.470
DekaBank Deutsche Gi 3.5100 4/28/2023 EUR 65.490
VTB Bank PJSC 5.0000 USD 33.500
Leonteq Securities A 30.0000 9/1/2023 CHF 61.900
Raiffeisen Schweiz G 7.7000 11/8/2023 CHF 42.600
Global Refuse Holdin 5.1000 1/28/2032 HUF #N/A N/A
Corner Banca SA 8.0000 6/21/2023 CHF 54.930
Credit Suisse AG/Lon 13.7000 9/25/2023 USD 23.320
UBS AG/London 7.2500 8/4/2023 CHF 65.400
Landesbank Hessen-Th 1.5000 12/16/2036 EUR 66.000
Raiffeisen Schweiz G 10.0000 2/20/2023 CHF 43.960
UniCredit Bank AG 0.9000 3/24/2036 EUR 67.240
Raiffeisen Schweiz G 8.0000 7/19/2023 CHF 54.850
Erste Group Bank AG 4.5000 10/1/2025 EUR 42.450
Leonteq Securities A 14.0000 8/23/2023 CHF 67.860
Landesbank Baden-Wue 4.8694 1/30/2034 EUR 73.030
SG Issuer SA 8.7000 1/20/2025 SEK 56.140
RENE LEZARD Mode Gmb 7.2500 11/25/2017 EUR 0.400
Aranynektar Termekgy 3.5000 4/3/2030 HUF 58.915
Lehman Brothers Trea 5.2200 3/1/2024 EUR 0.100
Kreditanstalt fuer W 0.8850 11/14/2039 EUR 71.620
BNP Paribas SA 1.0100 10/5/2035 EUR 70.740
DZ Bank AG Deutsche 0.7000 3/2/2034 EUR 74.323
Single Platform Inve 2.1500 10/21/2041 NOK 71.321
Region of Centre-Val 0.6680 11/2/2035 EUR 72.461
Deutsche Apotheker-u 1.0900 12/16/2039 EUR 66.191
Societe Wallonne de 1.0660 9/18/2046 EUR 53.568
DLR Kredit A/S 0.5000 10/1/2050 DKK 71.072
Kreditanstalt fuer W 1.0300 12/6/2049 EUR 67.710
Landesbank Hessen-Th 1.2350 12/10/2049 EUR 67.810
Hypo Tirol Bank AG 0.7400 5/29/2040 EUR 66.097
Single Platform Inve 0.8870 9/20/2039 EUR 65.233
Lehman Brothers Trea 4.2000 12/3/2008 HKD 0.100
DLR Kredit A/S 0.5000 10/1/2050 DKK 68.559
Lehman Brothers Trea 5.1025 6/22/2046 EUR 0.100
Privatbank CJSC Via 10.8750 2/28/2018 USD 6.534
Cooperatieve Raboban 2.2500 9/15/2047 EUR 70.462
Brussels Municipalit 0.8920 9/29/2041 EUR 63.864
Kingdom of Belgium G 1.7000 6/22/2050 EUR 72.420
Deutsche Bank AG 0.6100 9/30/2031 EUR 74.502
Landesbank Hessen-Th 1.2000 2/16/2037 EUR 70.533
Single Platform Inve 1.5100 2/13/2043 EUR 69.949
Progressio Infrastru 1.2500 4/25/2033 EUR 74.364
Kreditanstalt fuer W 1.1710 7/19/2051 EUR 68.221
Norddeutsche Landesb 1.5200 2/11/2038 EUR 68.253
Kuntarahoitus Oyj 1.3000 4/8/2061 EUR 67.043
Kreditanstalt fuer W 0.3010 10/15/2034 EUR 74.186
Region de Bruxelles- 0.8290 7/2/2043 EUR 59.896
DZ Bank AG Deutsche 1.4700 1/20/2042 EUR 67.745
Raiffeisenlandesbank 2.0700 6/18/2049 EUR 74.152
Malta Government Bon 1.0000 8/23/2035 EUR 72.950
DZ Bank AG Deutsche 0.8000 6/24/2036 EUR 73.151
SG Issuer SA 0.6000 3/7/2033 EUR 74.004
Kuntarahoitus Oyj 1.1700 9/22/2056 EUR 67.114
Sweden Government Bo 1.3750 6/23/2071 SEK 61.618
Republic of Ireland 1.2300 6/23/2121 EUR 47.073
DZ Bank AG Deutsche 0.5000 3/24/2031 EUR 74.592
Landesbank Baden-Wue 0.5200 3/6/2034 EUR 69.103
Muenchener Hypotheke 1.1720 10/30/2047 EUR 69.697
Assistance Publique 0.7500 12/3/2041 EUR 63.118
Landesbank Baden-Wue 0.4200 3/5/2032 EUR 73.270
Landesbank Baden-Wue 0.8500 5/27/2033 EUR 73.694
Credit Agricole Corp 3.2000 3/19/2041 AUD 68.625
Landesbank Hessen-Th 1.0000 2/11/2037 EUR 68.742
Credit Bank of Mosco 5.1500 2/20/2024 EUR 26.153
BNG Bank NV 0.5620 6/7/2051 EUR 60.464
Berlin Hyp AG 0.3490 12/10/2031 EUR 73.926
Single Platform Inve 1.0800 7/18/2036 EUR 71.149
Landesbank Hessen-Th 0.9500 4/9/2036 EUR 68.658
Region de Bruxelles- 1.0200 4/30/2060 EUR 48.362
Societe Generale SA 2.6300 3/2/2036 USD 67.451
Lloyds Bank PLC 2.4500 7/20/2048 EUR 75.031
Cooperatieve Raboban 1.3150 2/28/2039 EUR 74.611
Caisse des Depots et 1.9800 8/8/2048 EUR 72.771
NRW Bank 1.2760 2/15/2042 EUR 74.552
Erste Group Bank AG 0.9400 5/22/2034 EUR 72.864
SG Issuer SA 2.9100 10/29/2034 AUD 69.938
Norddeutsche Landesb 1.2500 3/8/2034 EUR 73.489
Muenchener Hypotheke 1.2850 4/19/2039 EUR 74.823
Kreditanstalt fuer W 0.9510 9/9/2050 EUR 59.670
Brussels Municipalit 0.3360 12/15/2035 EUR 68.133
BNP Paribas SA 3.1800 7/23/2034 AUD 70.387
Credit Industriel Et 2.0700 12/4/2035 USD 68.354
Single Platform Inve 0.6555 9/20/2050 EUR 50.269
Single Platform Inve 0.4568 2/15/2046 EUR 52.037
Kreditanstalt fuer W 1.1750 4/14/2051 EUR 70.210
Muenchener Hypotheke 1.0100 8/6/2044 EUR 58.712
Caisse des Depots et 1.0980 7/31/2049 EUR 58.660
Single Platform Inve 1.2500 10/18/2035 EUR 73.713
Muenchener Hypotheke 0.8050 4/16/2036 EUR 66.609
Tonon Luxembourg SA 9.2500 1/24/2020 USD 0.500
Caisse des Depots et 1.8150 11/27/2048 EUR 71.722
Hypo Tirol Bank AG 1.0900 1/21/2041 EUR 64.276
AlphaNotes ETP Dac 1.0000 9/15/2032 USD 67.457
Credit Industriel Et 0.9000 2/4/2041 EUR 62.734
Bayerische Landesban 0.0200 1/28/2031 EUR 72.628
Banque et Caisse d'E 1.0675 5/18/2041 EUR 74.105
Muenchener Hypotheke 0.3750 8/27/2031 EUR 73.692
Landesbank Hessen-Th 0.6000 4/9/2035 EUR 67.169
Wirtschafts- und Inf 0.5000 12/1/2038 EUR 67.963
Citigroup Global Mar 0.2500 2/9/2031 EUR 72.449
Landesbank Baden-Wue 0.7400 6/2/2036 EUR 67.195
Landesbank Baden-Wue 0.6500 6/1/2034 EUR 70.052
Deutsche Pfandbriefb 0.4800 5/19/2031 EUR 69.608
Norddeutsche Landesb 0.9500 6/16/2033 EUR 71.892
Cooperatieve Raboban 2.3600 9/25/2047 EUR 71.944
Landesbank Baden-Wue 0.5300 6/1/2032 EUR 73.749
Societe Generale SA 3.3100 11/29/2033 AUD 73.820
Hamburgische Investi 0.3720 2/22/2041 EUR 63.537
Cooperatieve Raboban 2.0900 12/27/2047 EUR 67.693
DZ Bank AG Deutsche 0.6000 12/4/2035 EUR 68.045
Credit Agricole SA 3.6100 4/20/2036 AUD 67.323
BNP Paribas SA 3.1700 1/7/2041 AUD 61.307
Landesbank Baden-Wue 0.5400 4/21/2033 EUR 71.543
Brussels Municipalit 0.8920 3/29/2041 EUR 64.593
Credit Industriel Et 0.8050 9/21/2033 EUR 73.453
Barclays Bank PLC 0.5000 10/1/2031 TRY 11.904
Republic of Ireland 1.0200 9/10/2086 EUR 48.036
Ringkjoebing Landbob 1.2300 5/28/2036 EUR 69.493
BNG Bank NV 1.6025 3/19/2048 EUR 72.505
Communaute Francaise 2.1000 6/30/2067 EUR 68.874
Getin Noble Bank SA 12.0000 5/31/2024 PLN 40.789
State of Bremen 0.5000 6/14/2034 EUR 75.004
Caisse des Depots et 1.7300 12/21/2048 EUR 70.287
Norddeutsche Landesb 0.7250 9/22/2036 EUR 63.013
Lloyds Bank PLC 1.7650 8/17/2037 EUR 72.456
DZ Bank AG Deutsche 0.5100 1/25/2036 EUR 66.773
Bayerische Landesban 0.3900 4/9/2032 EUR 71.130
CPI Property Group S 1.5000 1/27/2031 EUR 58.871
Merrill Lynch BV 2.6500 8/4/2036 AUD 69.831
Landesbank Baden-Wue 0.5900 12/7/2035 EUR 67.721
Hungary Government B 2.2500 6/22/2034 HUF 58.775
Landesbank Baden-Wue 0.0800 2/12/2031 EUR 74.667
Region Provence-Alpe 1.5470 11/29/2038 EUR 74.842
Grupo Isolux Corsan 0.2500 12/30/2018 EUR 0.157
DekaBank Deutsche Gi 1.8500 3/20/2045 EUR 71.188
Communaute Francaise 1.7280 4/11/2049 EUR 71.292
Single Platform Inve 0.7445 2/15/2047 EUR 55.948
Societe Wallonne de 0.9130 7/31/2040 EUR 56.588
Ville de Paris 0.7580 8/20/2060 EUR 41.207
Landesbank Hessen-Th 0.6000 11/26/2035 EUR 65.802
Lloyds Bank PLC 2.6370 1/16/2040 AUD 65.150
National Grid Electr 2.5000 7/24/2035 AUD 70.997
Lehman Brothers Trea 16.0000 12/26/2008 USD 0.100
Banque International 0.6800 10/9/2030 EUR 74.431
Deutsche Pfandbriefb 0.7650 9/12/2036 EUR 55.835
Republic of Ireland 0.8100 7/10/2079 EUR 44.479
Region Wallonne Belg 1.1270 10/3/2036 EUR 74.967
Landesbank Hessen-Th 1.0000 7/15/2060 EUR 58.646
Kreditanstalt fuer W 1.0270 10/26/2050 EUR 61.203
Hellas Telecommunica 6.0540 1/15/2015 USD 0.014
Credit Agricole Corp 10.3200 7/22/2026 TRY 62.379
DZ Bank AG Deutsche 1.2500 9/30/2060 EUR 60.640
Specialfastigheter S 1.2800 9/20/2049 SEK 56.783
Kuntarahoitus Oyj 0.7260 1/8/2060 EUR 46.783
Oberoesterreichische 0.6410 10/13/2035 EUR 67.437
NRW Bank 0.6120 10/21/2050 EUR 58.249
Region Wallonne Belg 1.1070 10/3/2036 EUR 73.923
Wirtschafts- und Inf 0.3950 9/23/2038 EUR 66.268
Nederlandse Watersch 0.2300 10/22/2035 EUR 69.960
Tonon Luxembourg SA 12.5000 5/14/2024 USD 2.680
Banque International 0.7750 11/18/2032 EUR 71.358
UBS Group AG 2.2100 11/24/2035 USD 70.336
Nederlandse Watersch 0.2600 11/10/2036 EUR 68.167
Landesbank Saar 0.5400 11/18/2033 EUR 70.910
SpareBank 1 SR-Bank 1.6500 2/24/2042 EUR 69.330
Berlin Hyp AG 0.4400 10/29/2035 EUR 63.823
Barclays Bank PLC 10.2000 2/14/2025 TRY 66.770
UniCredit Bank AG 0.0100 11/2/2033 EUR 70.466
Banque International 0.6750 10/29/2030 EUR 74.461
Ringkjoebing Landbob 1.8750 6/6/2039 EUR 71.350
Banca Popolare di Vi 9.5000 10/2/2025 EUR 0.380
Kaupthing ehf 4.3500 10/20/2008 EUR 0.250
Societe Wallonne de 0.8830 11/21/2044 EUR 61.775
Autonomous Community 1.0890 10/31/2049 EUR 53.528
Kreditanstalt fuer W 0.2200 11/19/2035 EUR 70.819
Bibby Offshore Servi 7.5000 6/15/2021 GBP 11.625
DeltaCredit Bank JSC 1.0000 5/18/2026 RUB 74.030
Axial Javito Kereske 2.0000 9/23/2030 HUF 61.007
Luzerner Kantonalban 5.3500 12/16/2024 CHF 69.060
Credit Suisse AG/Lon 7.5000 3/29/2023 CHF 70.360
B+N Referencia Ipari 3.5000 6/24/2031 HUF 71.600
Metal Hungaria Holdi 3.0000 11/17/2030 HUF 62.500
Bank Vontobel AG 8.2500 11/27/2023 EUR 71.400
MET Hungary Solar Pa 3.8000 12/2/2031 HUF 72.050
VTB Bank PJSC 0.0100 4/22/2026 RUB 70.010
Landesbank Hessen-Th 0.7500 11/17/2036 EUR 65.500
Sberbank of Russia P 0.0100 9/21/2028 RUB 63.300
Sibur Holding PAO 1.5000 10/1/2032 USD 47.000
MASTERPLAST Nyrt 2.1000 12/21/2027 HUF 73.000
Eltex Kft 3.5000 12/21/2028 HUF 71.200
MASTERPLAST Nyrt 2.9000 8/25/2031 HUF 62.500
Otthon Centrum Holdi 3.0000 4/19/2031 HUF 69.900
VTB Bank PJSC 11.2500 5/6/2037 RUB 40.100
Zurcher Kantonalbank 4.5000 7/14/2023 CHF 34.390
Takarek Mortgage Ban 2.6000 10/22/2028 HUF 69.500
DeloPorts LLC 0.0100 11/14/2025 RUB 70.010
Progress Etteremhalo 3.0000 9/18/2030 HUF 67.400
Region de Bruxelles- 0.7310 8/25/2060 EUR 41.624
Hellenic Republic Go 1.8750 1/24/2052 EUR 60.264
Communaute Francaise 0.9610 1/7/2047 EUR 60.444
VTB Bank OJSC Via VT 6.2500 6/30/2035 USD 22.826
Region de Bruxelles- 0.9800 1/10/2051 EUR 54.164
Department of Girond 0.6500 12/17/2038 EUR 65.637
Italy Buoni Polienna 1.8000 3/1/2041 EUR 69.057
Bayerische Landesban 3.5000 7/28/2036 EUR 73.469
Nederlandse Watersch 1.8500 2/11/2059 EUR 74.001
Norddeutsche Landesb 1.3100 3/23/2039 EUR 64.764
Credit Suisse AG/Lon 1.4000 12/20/2030 EUR 73.067
KPNQwest NV 7.1250 6/1/2009 EUR 0.680
Norddeutsche Landesb 1.1750 11/10/2036 EUR 67.502
Single Platform Inve 0.9010 2/15/2041 EUR 65.054
Norddeutsche Landesb 1.0000 11/8/2033 EUR 71.784
Norddeutsche Landesb 1.0500 11/17/2036 EUR 66.210
Societe Generale SA 2.6800 10/20/2031 AUD 73.714
Landesbank Baden-Wue 0.6600 11/9/2034 EUR 69.782
Credit Agricole SA 1.0000 4/6/2035 EUR 72.455
United Kingdom Gilt 1.5000 7/31/2053 GBP 58.652
Deutsche Bank AG 0.5100 9/16/2031 EUR 73.760
Nederlandse Watersch 1.9500 8/29/2058 EUR 73.892
Hungary Government B 3.0000 8/21/2030 HUF 72.265
Societe Du Grand Par 2.1000 2/14/2069 EUR 64.991
Region de Bruxelles- 0.7600 9/15/2038 EUR 66.661
Single Platform Inve 0.9500 5/17/2038 EUR 67.133
BPCE SA 2.3200 3/4/2036 USD 64.797
Credit Agricole SA 3.4500 3/4/2041 AUD 56.759
Kreditanstalt fuer W 0.7300 1/21/2050 EUR 63.717
Ministeries Van de V 1.3920 11/12/2041 EUR 66.626
Spain Government Bon 1.0000 10/31/2050 EUR 54.130
Credit Agricole Corp 1.3000 2/2/2061 EUR 52.826
Agence Francaise de 2.3300 2/10/2041 AUD 64.634
Spain Government Bon 1.4500 10/31/2071 EUR 48.567
UNEDIC ASSEO 0.1000 5/25/2034 EUR 70.857
Nederlandse Watersch 1.6500 5/27/2061 EUR 68.679
Single Platform Inve 0.7400 4/1/2042 EUR 60.769
Cooperatieve Raboban 1.5200 9/7/2043 EUR 74.228
Purple Protected Ass 1.5176 1/25/2061 EUR 65.694
Natixis SA 2.3000 12/24/2035 AUD 65.618
NRW Bank 1.0700 3/10/2051 EUR 65.137
Societe Generale SA 5.4000 11/17/2037 USD 51.094
Grand Delta Habitat 1.8200 3/18/2050 EUR 69.651
Credit Agricole Corp 10.8000 3/24/2026 TRY 63.174
Republic of Ireland 2.0000 6/29/2063 EUR 70.210
Caisse des Depots et 1.3000 4/28/2051 EUR 60.567
Citigroup Global Mar 0.2000 1/19/2031 EUR 72.714
UniCredit Bank AG 0.6100 5/2/2033 EUR 73.289
State of Lower Austr 1.7500 5/2/2047 EUR 73.609
Societe Nationale SN 2.9310 1/14/2051 AUD 66.426
Norddeutsche Landesb 1.2500 12/3/2036 EUR 68.235
Veneto Banca SpA 6.9440 5/15/2025 EUR 0.711
National Grid Electr 2.2260 12/19/2039 GBP 65.839
United Kingdom Gilt 1.2500 10/22/2041 GBP 65.606
Vedanta Resources Fi 9.2500 4/23/2026 USD 72.208
Region de Bruxelles- 0.6900 6/22/2050 EUR 49.075
Lehman Brothers Trea 3.0000 8/13/2011 EUR 0.100
Kuntarahoitus Oyj 0.5140 10/7/2039 EUR 67.597
Raiffeisen-Landesban 0.0600 10/3/2031 EUR 74.926
Region Provence-Alpe 0.7090 6/29/2040 EUR 64.810
Turkey Government In 4.8750 4/16/2043 USD 61.984
LBI ehf 7.4310 USD 0.001
State of Lower Austr 0.4000 10/13/2050 EUR 48.402
Communaute Francaise 1.5000 2/13/2045 EUR 66.333
Harp Issuer PLC 1.3997 2/14/2032 USD 69.762
French Republic Gove 0.7500 5/25/2052 EUR 55.688
Bausparkasse Wuesten 0.4850 6/25/2040 EUR 62.702
Sweden Government Bo 0.5000 11/24/2045 SEK 66.380
New World Resources 8.0000 4/7/2020 EUR 0.114
Bayerische Landesban 1.6000 7/21/2036 EUR 72.693
Bazalgette Finance P 0.6880 6/27/2050 GBP 71.160
Communaute Francaise 1.1150 7/11/2039 EUR 67.143
Department of Bouche 1.1000 7/8/2039 EUR 70.080
Skandinaviska Enskil 5.5200 7/15/2024 SEK #N/A N/A
Landesbank Hessen-Th 1.1500 6/13/2034 EUR 74.900
SG Issuer SA 1.5000 12/30/2032 EUR 46.270
Aragon OOO 13.5000 7/10/2029 RUB 62.000
Landesbank Baden-Wue 0.5000 9/5/2039 EUR 64.030
DZ Bank AG Deutsche 0.9100 6/25/2029 EUR 73.290
Landesbank Hessen-Th 1.5000 8/14/2035 EUR 65.900
Landesbank Hessen-Th 1.4500 7/10/2035 EUR 69.100
UniCredit Bank AG 4.7500 7/22/2024 EUR 60.520
Societe Generale Eff 5.0000 5/10/2023 EUR 60.900
AKB Peresvet ZAO 0.5100 2/14/2032 RUB 15.910
Ebis OOO 13.0000 8/11/2023 RUB 4.770
Landesbank Hessen-Th 1.3000 9/25/2035 EUR 67.700
Russian Railways JSC 12.7700 5/30/2040 RUB 50.000
Bank Julius Baer & C 10.2000 5/30/2023 EUR 2.450
Landesbank Hessen-Th 1.0000 9/3/2035 EUR 66.900
Koks PAO 9.2000 8/16/2023 RUB 60.050
Leonteq Securities A 4.2900 1/21/2025 EUR 53.560
Societe Generale SA 17.0000 1/17/2030 USD 48.300
UniCredit Bank AG 10.7000 2/3/2025 EUR 72.870
UniCredit Bank AG 10.7000 2/17/2025 EUR 73.560
Landesbank Baden-Wue 0.7000 9/5/2039 EUR 63.060
Ingrad AO 10.5000 12/6/2029 RUB 62.000
Baromfi-Coop Termelo 2.7000 11/20/2026 HUF 71.400
Bayerische Landesban 1.1000 1/26/2024 EUR 62.890
VTB Bank PJSC 0.0100 11/11/2025 RUB 74.040
VTB Bank PJSC 0.0100 12/9/2025 RUB 72.230
VTB Bank PJSC 0.0100 11/25/2025 RUB 74.520
UniCredit Bank AG 4.5500 9/28/2023 EUR 58.270
Landesbank Hessen-Th 9.7389 9/21/2033 EUR 73.600
Sberbank of Russia P 0.0100 1/19/2026 RUB 74.800
Nordea Bank Abp 2.0000 2/3/2026 SEK 64.550
DZ Bank AG Deutsche 0.5400 12/30/2030 EUR 74.840
UniCredit Bank AG 4.4500 9/11/2023 EUR 19.050
Daniella Kereskedelm 3.0000 7/30/2030 HUF 67.990
SG Issuer SA 1.6000 9/21/2033 EUR 74.700
Societe Generale Eff 5.6000 9/4/2023 EUR 65.730
Landesbank Baden-Wue 0.5000 12/23/2039 EUR 63.430
Bayerische Landesban 0.6500 12/22/2023 EUR 68.230
Gazprombank JSC 6.4000 12/28/2030 RUB 70.000
VTB Bank PJSC 0.0100 11/18/2025 RUB 73.260
VTB Bank PJSC 0.0100 12/2/2025 RUB 69.020
Pharmacy Chain 36.6 10.0000 11/30/2029 RUB 60.350
B+N Referencia Ipari 2.9000 12/20/2029 HUF 68.100
Appeninn Holding 3.5000 11/22/2029 HUF 65.500
Landesbank Hessen-Th 0.8000 11/26/2035 EUR 64.550
Vontobel Financial P 2.8580 1/4/2024 EUR 66.180
Landesbank Hessen-Th 0.6000 1/17/2035 EUR 70.800
Landesbank Baden-Wue 2.7000 9/22/2023 EUR 68.820
Region of Chelyabins 6.0000 12/17/2027 RUB 62.060
Baromfi-Coop Termelo 3.0000 5/19/2028 HUF 65.800
Rosselkhozbank JSC 0.0100 12/24/2023 RUB 65.020
Region of Chelyabins 6.0000 12/17/2027 RUB 62.060
SG Issuer SA 7.7400 7/20/2025 SEK 61.430
EFG International Fi 11.1200 12/27/2024 EUR 55.330
Societe Generale SA 21.0000 12/26/2025 USD 61.700
Landesbank Baden-Wue 0.5000 1/17/2040 EUR 63.320
Landesbank Hessen-Th 1.1000 12/27/2034 EUR 67.800
Landesbank Baden-Wue 1.0000 6/5/2039 EUR 66.970
Societe Generale SA 20.0000 8/31/2023 USD 9.250
Landesbank Hessen-Th 1.1500 7/19/2034 EUR 73.900
Landesbank Baden-Wue 1.0000 6/26/2039 EUR 66.220
Landesbank Baden-Wue 1.2500 6/26/2039 EUR 65.220
Morgan Stanley BV 0.0280 8/26/2025 EUR 58.000
Landesbank Baden-Wue 3.1500 3/24/2023 EUR 57.130
TransFin-M PAO 10.5000 6/28/2027 RUB 50.000
OR PJSC 11.5000 7/28/2024 RUB 4.910
Landesbank Hessen-Th 0.5000 2/14/2035 EUR 70.800
UniCredit Bank AG 4.9000 5/22/2023 EUR 64.680
Landesbank Hessen-Th 1.0000 7/10/2035 EUR 69.550
EFG International Fi 4.9000 9/4/2023 USD 54.040
KVS OOO 11.0000 12/8/2033 RUB 70.000
Landesbank Hessen-Th 1.6000 6/12/2035 EUR 70.400
Pervyi Konteinernyi 0.0100 2/6/2026 RUB 72.930
TKK OOO 10.9000 12/31/2033 RUB 60.100
Societe Generale SA 1.5800 9/16/2024 USD 3.700
Landesbank Baden-Wue 2.6500 9/22/2023 EUR 69.120
Landesbank Baden-Wue 0.7500 4/24/2034 EUR 73.300
Landesbank Baden-Wue 1.0000 4/24/2034 EUR 73.540
Aragon OOO 24.0000 3/16/2029 RUB 62.000
Landesbank Baden-Wue 1.6000 4/3/2039 EUR 68.810
Landesbank Baden-Wue 1.3000 4/3/2034 EUR 74.230
Landesbank Hessen-Th 4.8694 4/18/2034 EUR 73.700
Landesbank Baden-Wue 1.5000 4/16/2039 EUR 68.880
Citigroup Global Mar 8.2000 3/21/2024 SEK 65.020
Landesbank Baden-Wue 2.5500 6/23/2023 EUR 64.400
Landesbank Baden-Wue 1.2500 4/24/2039 EUR 67.150
Landesbank Hessen-Th 0.9000 7/12/2034 EUR 73.800
BNP Paribas Emission 11.0000 12/21/2023 EUR 67.420
BNP Paribas Emission 12.0000 12/21/2023 EUR 63.440
BNP Paribas Emission 6.5000 3/23/2023 EUR 69.870
BNP Paribas Emission 8.0000 3/23/2023 EUR 65.430
BNP Paribas Emission 9.0000 3/23/2023 EUR 65.520
BNP Paribas Emission 11.0000 3/23/2023 EUR 61.690
BNP Paribas Emission 16.0000 3/23/2023 EUR 56.990
BNP Paribas Emission 18.0000 3/23/2023 EUR 57.180
BNP Paribas Emission 8.0000 12/21/2023 EUR 68.640
BNP Paribas Emission 9.0000 3/23/2023 EUR 73.740
BNP Paribas Emission 12.0000 3/23/2023 EUR 67.410
BNP Paribas Emission 12.0000 6/22/2023 EUR 68.910
BNP Paribas Emission 13.0000 3/23/2023 EUR 67.150
BNP Paribas Emission 18.0000 3/23/2023 EUR 63.520
BNP Paribas Emission 20.0000 3/23/2023 EUR 68.270
Landesbank Hessen-Th 1.0000 8/6/2035 EUR 67.600
Raiffeisen Switzerla 3.8500 7/31/2023 CHF 52.840
BNP Paribas Emission 9.5000 12/21/2023 EUR 66.220
BNP Paribas Emission 18.0000 6/22/2023 EUR 72.140
BNP Paribas Emission 15.0000 3/23/2023 EUR 70.200
BNP Paribas Emission 17.0000 3/23/2023 EUR 70.390
BNP Paribas Emission 14.0000 3/23/2023 EUR 67.600
BNP Paribas Emission 10.0000 12/21/2023 EUR 72.590
BNP Paribas Emission 16.0000 3/23/2023 EUR 71.170
Bank Julius Baer & C 7.4000 9/18/2023 EUR 73.450
Landesbank Baden-Wue 6.2000 6/23/2023 EUR 70.380
Landesbank Baden-Wue 4.1000 7/28/2023 EUR 52.360
Landesbank Baden-Wue 10.0000 7/28/2023 EUR 40.760
Landesbank Hessen-Th 1.3000 2/27/2035 EUR 69.000
Landesbank Baden-Wue 1.7500 5/15/2039 EUR 66.200
Landesbank Baden-Wue 1.2500 5/15/2039 EUR 67.220
AKB Peresvet ZAO 0.5100 8/4/2034 RUB 28.190
Landesbank Hessen-Th 1.0000 10/1/2035 EUR 66.700
Raiffeisen Switzerla 10.5000 7/11/2024 USD 14.120
TransFin-M PAO 8.7900 2/4/2027 RUB 61.000
TKK OOO 17.1710 12/31/2033 RUB 60.100
EFG International Fi 5.5000 7/17/2023 USD 53.540
Russian Post FGUP 2.7500 12/6/2023 RUB 60.070
Landesbank Baden-Wue 2.6000 7/28/2023 EUR 68.950
SFO Social Developme 10.2100 1/8/2027 RUB 60.050
Vontobel Financial P 21.2500 6/23/2023 EUR 72.840
Leonteq Securities A 25.2000 6/16/2023 CHF 56.830
Landesbank Baden-Wue 7.6000 6/23/2023 EUR 70.370
Landesbank Baden-Wue 9.5000 6/23/2023 EUR 71.160
Landesbank Baden-Wue 6.8000 7/28/2023 EUR 45.360
DZ Bank AG Deutsche 0.3900 12/30/2030 EUR 74.920
UniCredit Bank AG 6.0000 7/28/2023 EUR 34.730
Sberbank of Russia P 0.0160 3/15/2032 RUB 73.500
Pharmacy Chain 36.6 10.5000 6/4/2030 RUB 60.350
EFG International Fi 4.9000 11/10/2023 USD 60.690
EFG International Fi 6.0000 6/26/2023 USD 69.640
UniCredit Bank AG 5.2500 12/1/2023 EUR 40.630
EFG International Fi 5.5000 7/7/2023 USD 69.620
Landesbank Hessen-Th 1.3500 7/30/2035 EUR 68.300
DekaBank Deutsche Gi 2.8000 9/1/2023 EUR 66.290
SG Issuer SA 0.3500 11/15/2023 EUR 28.810
Szinorg Universal zr 3.0000 5/15/2030 HUF 63.373
Alteo Nyrt 2.4500 10/8/2031 HUF 57.300
TransFin-M PAO 9.5000 8/11/2025 RUB 61.500
UniCredit Bank AG 6.3000 10/27/2023 EUR 34.130
Landesbank Baden-Wue 0.4000 11/8/2039 EUR 62.580
Bank Vontobel AG 4.0000 10/26/2023 CHF 73.200
UBS AG/London 19.2500 7/13/2023 CHF 67.100
Leonteq Securities A 22.6000 4/28/2023 CHF 64.770
Landesbank Baden-Wue 4.0000 4/26/2024 EUR 48.930
Landesbank Baden-Wue 8.8000 4/26/2024 EUR 40.540
UBS AG/London 8.7500 7/12/2023 USD 61.800
UBS AG/London 6.2500 7/12/2023 CHF 66.100
DekaBank Deutsche Gi 6.0000 7/19/2023 EUR 67.650
DZ Bank AG Deutsche 6.8000 3/24/2023 EUR 73.040
DZ Bank AG Deutsche 9.4000 3/24/2023 EUR 56.150
Bank Julius Baer & C 12.2800 7/21/2023 EUR 55.300
Vontobel Financial P 17.5000 6/23/2023 EUR 38.330
Zurcher Kantonalbank 12.0000 3/17/2023 CHF 53.580
Landesbank Baden-Wue 6.7500 4/26/2024 EUR 42.630
DZ Bank AG Deutsche 7.2500 9/20/2023 EUR 36.450
UBS AG/London 19.0000 7/15/2024 CHF 69.450
Sberbank of Russia P 0.0100 12/22/2026 RUB 73.500
Leonteq Securities A 24.0000 7/21/2023 CHF 47.990
Vontobel Financial P 14.7500 6/23/2023 EUR 39.090
Erste Group Bank AG 5.2500 1/31/2026 EUR 55.750
UBS AG/London 8.2500 6/22/2023 CHF 67.800
UBS AG/London 7.2500 6/22/2023 CHF 65.850
UBS AG/London 6.2500 12/22/2023 CHF 60.200
UBS AG/London 10.0000 6/22/2023 CHF 59.050
UBS AG/London 8.0000 12/22/2023 USD 60.000
UBS AG/London 10.2500 6/22/2023 CHF 55.600
UBS AG/London 7.5000 6/22/2023 CHF 58.150
UBS AG/London 7.5000 6/22/2023 USD 71.700
Corner Banca SA 14.0000 3/27/2023 CHF 53.200
Leonteq Securities A 7.0000 6/27/2023 CHF 68.640
Bank Julius Baer & C 7.6000 3/21/2023 CHF 70.300
Bank Julius Baer & C 7.6000 3/21/2023 CHF 35.900
Banque International 11.0000 3/21/2023 CHF 59.080
DekaBank Deutsche Gi 6.6000 1/17/2025 EUR 51.120
DZ Bank AG Deutsche 16.3000 3/24/2023 EUR 39.940
DZ Bank AG Deutsche 4.6000 3/24/2023 EUR 57.120
DZ Bank AG Deutsche 7.7000 3/24/2023 EUR 51.620
DZ Bank AG Deutsche 11.4000 3/24/2023 EUR 47.230
Credit Suisse AG/Lon 8.0000 3/16/2023 USD 64.280
Luzerner Kantonalban 7.0000 12/16/2024 USD 67.420
UBS AG/London 6.5000 7/12/2023 EUR 56.400
Raiffeisen Schweiz G 7.0000 3/10/2023 CHF 59.050
UBS AG/London 15.2500 10/20/2023 USD 64.450
Credit Suisse AG/Lon 7.2500 4/20/2023 CHF 61.050
Vontobel Financial P 13.0000 6/23/2023 EUR 71.540
DZ Bank AG Deutsche 12.0000 3/24/2023 EUR 55.940
Vontobel Financial P 16.5000 6/23/2023 EUR 66.830
Vontobel Financial P 14.0000 6/23/2023 EUR 70.300
Vontobel Financial P 18.0000 6/23/2023 EUR 74.610
Vontobel Financial P 15.0000 6/23/2023 EUR 69.140
DZ Bank AG Deutsche 18.7000 3/24/2023 EUR 71.610
DZ Bank AG Deutsche 21.4000 3/24/2023 EUR 66.420
Zurcher Kantonalbank 11.2285 4/18/2023 CHF 54.930
Zurcher Kantonalbank 10.0000 4/14/2023 CHF 70.710
Bank Vontobel AG 6.0000 4/17/2023 CHF 61.700
Bank Vontobel AG 7.1400 4/17/2023 CHF 70.000
Bank Vontobel AG 9.7500 4/18/2023 CHF 60.800
DekaBank Deutsche Gi 2.6000 4/26/2024 EUR 74.230
Leonteq Securities A 5.0000 4/20/2023 EUR 43.410
Vontobel Financial P 24.0000 3/24/2023 EUR 58.770
Vontobel Financial P 23.5000 3/24/2023 EUR 59.440
Vontobel Financial P 20.0000 3/24/2023 EUR 65.810
Vontobel Financial P 18.5000 3/24/2023 EUR 67.920
Vontobel Financial P 14.5000 6/23/2023 EUR 73.130
Vontobel Financial P 16.5000 6/23/2023 EUR 70.360
Vontobel Financial P 12.0000 3/24/2023 EUR 70.070
Vontobel Financial P 16.0000 3/24/2023 EUR 65.500
Vontobel Financial P 8.0000 3/24/2023 EUR 62.910
DZ Bank AG Deutsche 24.2000 3/24/2023 EUR 62.000
Landesbank Baden-Wue 2.9000 8/22/2025 EUR 74.240
Bank Vontobel AG 8.5000 4/15/2024 CHF 49.300
Bank Vontobel AG 22.0000 4/18/2023 CHF 61.600
Credit Suisse AG/Lon 5.2500 7/14/2023 CHF 70.010
Vontobel Financial P 14.5000 3/24/2023 EUR 55.260
Vontobel Financial P 8.5000 6/23/2023 EUR 61.930
Vontobel Financial P 19.5000 3/24/2023 EUR 64.910
Vontobel Financial P 19.0000 3/24/2023 EUR 66.790
Vontobel Financial P 17.5000 6/23/2023 EUR 68.600
Vontobel Financial P 18.5000 6/23/2023 EUR 67.930
Vontobel Financial P 13.5000 6/23/2023 EUR 68.450
Vontobel Financial P 10.0000 6/23/2023 EUR 71.550
Vontobel Financial P 11.5000 3/24/2023 EUR 72.210
Vontobel Financial P 14.5000 3/24/2023 EUR 69.160
Sberbank of Russia P 0.0100 9/4/2026 RUB 70.300
Leonteq Securities A 10.0000 2/13/2023 USD 30.690
Basler Kantonalbank 4.4000 8/16/2023 CHF 67.980
Bank Vontobel AG 7.5000 2/13/2023 EUR 50.300
Zurcher Kantonalbank 7.2000 2/16/2023 EUR 68.060
Corner Banca SA 7.0000 11/22/2023 CHF 72.590
Bank Vontobel AG 15.0000 6/19/2023 CHF 56.400
Raiffeisen Schweiz G 7.0000 3/10/2023 CHF 67.810
Raiffeisen Schweiz G 7.2500 9/13/2023 CHF 65.810
Raiffeisen Schweiz G 7.0000 9/13/2023 CHF 70.090
DZ Bank AG Deutsche 6.7500 6/21/2023 EUR 63.530
UBS AG/London 11.0000 4/29/2024 CHF 72.500
Corner Banca SA 13.0000 3/17/2023 CHF 44.960
Bank Vontobel AG 7.5000 3/17/2023 CHF 67.100
UBS AG/London 11.5000 7/12/2023 CHF 60.950
UBS AG/London 17.5000 7/12/2023 USD 52.650
Credit Suisse AG/Lon 9.0000 3/15/2023 CHF 33.550
ENSI Kft 4.7500 1/25/2032 HUF 71.800
Bank Julius Baer & C 13.5000 3/16/2023 USD 70.700
Leonteq Securities A 14.0000 3/17/2023 CHF 45.880
Leonteq Securities A 14.0000 3/17/2023 USD 27.580
Leonteq Securities A 13.0000 3/17/2023 USD 61.580
Raiffeisen Schweiz G 8.0000 12/20/2023 CHF 64.170
UBS AG/London 7.2500 7/12/2023 CHF 57.550
UBS AG/London 7.0000 7/12/2023 CHF 56.950
Bank Vontobel AG 8.0000 3/17/2023 EUR 24.500
Bank Vontobel AG 5.0000 3/17/2023 CHF 69.500
Bank Vontobel AG 8.5000 6/19/2023 CHF 60.000
Sberbank of Russia P 0.0100 12/21/2026 RUB 70.200
UBS AG/London 4.7500 7/12/2023 USD 60.150
UBS AG/London 8.2500 1/12/2024 CHF 68.300
UBS AG/London 6.0000 7/12/2023 CHF 66.100
Raiffeisen Schweiz G 10.0000 6/20/2023 CHF 48.210
Raiffeisen Schweiz G 7.2000 9/20/2023 CHF 62.930
Raiffeisen Switzerla 7.8000 6/20/2023 CHF 53.180
Raiffeisen Switzerla 8.6000 6/20/2023 USD 67.900
Bank Vontobel AG 7.5000 6/19/2023 CHF 56.300
Raiffeisen Schweiz G 10.4000 11/2/2023 CHF 50.820
Raiffeisen Schweiz G 16.8000 5/2/2023 CHF 64.600
Zurcher Kantonalbank 18.1000 4/26/2023 CHF 63.270
OR PJSC 16.0000 11/22/2025 RUB 20.510
Leonteq Securities A 10.0000 3/17/2023 CHF 65.270
SG Issuer SA 1.5000 1/24/2034 EUR 66.120
Bank Vontobel AG 16.5000 7/17/2023 CHF 69.900
Leonteq Securities A 7.0000 12/20/2023 CHF 64.740
Bank Vontobel AG 6.0000 12/18/2023 CHF 59.600
Vontobel Financial P 9.0000 3/24/2023 EUR 61.430
Vontobel Financial P 17.5000 6/23/2023 EUR 53.240
Vontobel Financial P 12.5000 3/24/2023 EUR 60.450
Vontobel Financial P 11.5000 3/24/2023 EUR 62.020
Vontobel Financial P 17.0000 6/23/2023 EUR 68.840
Vontobel Financial P 15.5000 3/24/2023 EUR 59.480
Vontobel Financial P 9.0000 6/23/2023 EUR 67.770
Vontobel Financial P 6.5000 3/24/2023 EUR 66.190
Vontobel Financial P 23.0000 3/24/2023 EUR 60.190
Vontobel Financial P 15.5000 3/24/2023 EUR 71.650
Vontobel Financial P 18.0000 3/24/2023 EUR 67.640
Vontobel Financial P 16.5000 3/24/2023 EUR 69.470
Vontobel Financial P 24.0000 6/23/2023 EUR 58.870
Vontobel Financial P 22.0000 6/23/2023 EUR 60.870
Vontobel Financial P 15.0000 6/23/2023 EUR 72.130
Vontobel Financial P 16.5000 3/24/2023 EUR 70.150
Vontobel Financial P 20.5000 6/23/2023 EUR 63.230
Vontobel Financial P 22.5000 6/23/2023 EUR 60.370
Vontobel Financial P 19.5000 6/23/2023 EUR 64.470
Vontobel Financial P 18.5000 6/23/2023 EUR 66.640
Vontobel Financial P 15.0000 6/23/2023 EUR 73.170
Vontobel Financial P 17.5000 6/23/2023 EUR 68.050
Zurcher Kantonalbank 5.0000 9/7/2023 CHF 67.220
Luzerner Kantonalban 7.0000 10/19/2023 CHF 72.170
Goldman Sachs & Co W 5.0000 3/22/2023 EUR 61.390
Goldman Sachs & Co W 7.0000 3/22/2023 EUR 55.160
Goldman Sachs & Co W 5.0000 6/21/2023 EUR 62.040
Goldman Sachs & Co W 7.0000 6/21/2023 EUR 56.380
Goldman Sachs & Co W 12.0000 6/21/2023 EUR 46.810
Vontobel Financial P 22.5000 3/24/2023 EUR 55.910
Vontobel Financial P 24.5000 3/24/2023 EUR 53.840
Vontobel Financial P 15.0000 3/24/2023 EUR 66.650
Vontobel Financial P 13.5000 6/23/2023 EUR 68.570
Vontobel Financial P 16.5000 6/23/2023 EUR 64.100
Vontobel Financial P 15.5000 6/23/2023 EUR 72.220
Vontobel Financial P 19.0000 3/24/2023 EUR 51.270
Vontobel Financial P 15.0000 6/23/2023 EUR 60.630
Vontobel Financial P 16.0000 3/24/2023 EUR 70.510
Vontobel Financial P 18.5000 3/24/2023 EUR 66.700
Vontobel Financial P 21.0000 6/23/2023 EUR 62.590
Vontobel Financial P 15.5000 6/23/2023 EUR 71.120
Vontobel Financial P 15.0000 6/23/2023 EUR 66.800
Vontobel Financial P 21.0000 3/24/2023 EUR 64.810
Vontobel Financial P 20.0000 6/23/2023 EUR 63.830
Vontobel Financial P 19.0000 6/23/2023 EUR 65.090
Vontobel Financial P 18.0000 3/24/2023 EUR 63.350
Luzerner Kantonalban 16.9000 4/19/2023 CHF 59.050
Goldman Sachs & Co W 6.0000 3/22/2023 EUR 58.090
Goldman Sachs & Co W 6.0000 6/21/2023 EUR 59.040
Leonteq Securities A 30.0000 4/25/2023 CHF 50.740
Vontobel Financial P 14.0000 6/23/2023 EUR 66.910
Vontobel Financial P 18.5000 3/24/2023 EUR 60.600
Vontobel Financial P 14.0000 3/24/2023 EUR 67.320
Vontobel Financial P 12.0000 3/24/2023 EUR 69.500
Vontobel Financial P 10.5000 3/24/2023 EUR 71.850
Vontobel Financial P 15.5000 3/24/2023 EUR 57.260
Vontobel Financial P 16.5000 6/23/2023 EUR 69.630
Vontobel Financial P 20.0000 3/24/2023 EUR 61.720
Vontobel Financial P 11.0000 3/24/2023 EUR 58.800
Vontobel Financial P 9.5000 3/24/2023 EUR 66.480
Vontobel Financial P 18.0000 3/24/2023 EUR 52.210
Vontobel Financial P 13.5000 3/24/2023 EUR 56.260
Vontobel Financial P 15.5000 6/23/2023 EUR 71.180
Vontobel Financial P 22.5000 3/24/2023 EUR 60.900
Vontobel Financial P 22.0000 3/24/2023 EUR 61.600
Vontobel Financial P 19.0000 3/24/2023 EUR 65.760
Vontobel Financial P 23.5000 6/23/2023 EUR 59.380
Vontobel Financial P 23.0000 6/23/2023 EUR 59.850
Vontobel Financial P 24.5000 6/23/2023 EUR 58.430
Vontobel Financial P 22.0000 3/24/2023 EUR 63.870
Raiffeisen Schweiz G 8.7000 3/3/2023 CHF 65.650
Raiffeisen Schweiz G 8.5000 3/3/2023 USD 59.600
Leonteq Securities A 8.0000 3/6/2023 CHF 67.470
Vontobel Financial P 10.0000 6/23/2023 EUR 73.120
Vontobel Financial P 7.5000 3/24/2023 EUR 68.000
Vontobel Financial P 15.0000 6/23/2023 EUR 58.360
Vontobel Financial P 10.5000 6/23/2023 EUR 63.230
Vontobel Financial P 8.5000 6/23/2023 EUR 66.320
Vontobel Financial P 13.0000 3/24/2023 EUR 63.240
Vontobel Financial P 14.0000 6/23/2023 EUR 63.800
Vontobel Financial P 10.5000 3/24/2023 EUR 65.930
Vontobel Financial P 13.0000 6/23/2023 EUR 64.770
Vontobel Financial P 5.5000 3/24/2023 EUR 72.200
Vontobel Financial P 10.5000 6/23/2023 EUR 66.710
Vontobel Financial P 7.0000 6/23/2023 EUR 70.250
Vontobel Financial P 9.5000 6/23/2023 EUR 67.880
Vontobel Financial P 15.0000 6/23/2023 EUR 54.810
Vontobel Financial P 7.0000 6/23/2023 EUR 65.190
Vontobel Financial P 7.0000 3/24/2023 EUR 64.600
Vontobel Financial P 16.5000 6/23/2023 EUR 43.000
Vontobel Financial P 13.0000 6/23/2023 EUR 68.680
Vontobel Financial P 14.0000 3/24/2023 EUR 58.830
Vontobel Financial P 22.0000 6/23/2023 EUR 61.540
Vontobel Financial P 16.0000 6/23/2023 EUR 70.440
Vontobel Financial P 12.5000 3/24/2023 EUR 62.770
Vontobel Financial P 21.5000 6/23/2023 EUR 62.030
Goldman Sachs & Co W 4.0000 3/22/2023 EUR 65.090
Goldman Sachs & Co W 4.0000 6/21/2023 EUR 65.430
Goldman Sachs & Co W 10.0000 6/21/2023 EUR 50.040
UBS AG/London 15.2500 4/24/2023 CHF 62.600
Raiffeisen Schweiz G 6.0000 4/19/2024 CHF 73.080
Vontobel Financial P 24.5000 3/24/2023 EUR 58.070
Vontobel Financial P 15.0000 3/24/2023 EUR 72.620
Vontobel Financial P 12.0000 6/23/2023 EUR 70.350
Vontobel Financial P 5.0000 6/23/2023 EUR 68.970
Vontobel Financial P 17.5000 3/24/2023 EUR 66.400
Vontobel Financial P 14.5000 6/23/2023 EUR 66.900
Leonteq Securities A 9.0000 9/6/2023 CHF 60.040
Raiffeisen Schweiz G 4.0000 3/3/2023 CHF 19.530
Vontobel Financial P 8.5000 3/24/2023 EUR 49.740
Vontobel Financial P 11.5000 6/23/2023 EUR 70.310
Vontobel Financial P 19.5000 6/23/2023 EUR 60.090
Vontobel Financial P 18.0000 6/23/2023 EUR 67.260
Vontobel Financial P 18.5000 6/23/2023 EUR 65.690
Vontobel Financial P 21.0000 3/24/2023 EUR 62.330
Vontobel Financial P 20.0000 3/24/2023 EUR 64.020
Vontobel Financial P 14.5000 3/24/2023 EUR 73.930
Vontobel Financial P 17.5000 3/24/2023 EUR 68.620
Vontobel Financial P 15.0000 3/24/2023 EUR 72.750
Vontobel Financial P 15.5000 3/24/2023 EUR 54.060
Vontobel Financial P 16.5000 3/24/2023 EUR 53.130
Vontobel Financial P 16.0000 3/24/2023 EUR 71.350
Vontobel Financial P 17.0000 6/23/2023 EUR 69.450
Vontobel Financial P 14.0000 3/24/2023 EUR 67.520
Vontobel Financial P 10.5000 3/24/2023 EUR 72.320
Vontobel Financial P 16.5000 6/23/2023 EUR 65.130
Vontobel Financial P 10.5000 6/23/2023 EUR 72.180
Leonteq Securities A 10.0000 3/6/2023 CHF 41.080
Leonteq Securities A 9.0000 3/7/2023 USD 40.980
Leonteq Securities A 10.0000 9/7/2023 USD 53.700
Vontobel Financial P 22.0000 6/23/2023 EUR 33.260
Vontobel Financial P 11.5000 3/24/2023 EUR 74.090
Vontobel Financial P 9.0000 3/24/2023 EUR 65.840
Vontobel Financial P 10.0000 3/24/2023 EUR 63.840
Vontobel Financial P 6.5000 3/24/2023 EUR 70.180
Vontobel Financial P 5.5000 3/24/2023 EUR 72.750
Vontobel Financial P 11.5000 6/23/2023 EUR 61.830
Vontobel Financial P 14.0000 6/23/2023 EUR 59.360
Vontobel Financial P 13.0000 6/23/2023 EUR 60.640
Vontobel Financial P 9.5000 6/23/2023 EUR 64.560
Vontobel Financial P 7.5000 6/23/2023 EUR 67.960
Vontobel Financial P 7.0000 6/23/2023 EUR 69.860
Vontobel Financial P 6.0000 6/23/2023 EUR 72.000
Vontobel Financial P 11.5000 3/24/2023 EUR 64.530
Vontobel Financial P 7.5000 3/24/2023 EUR 68.840
Vontobel Financial P 9.0000 3/24/2023 EUR 67.330
Vontobel Financial P 6.5000 3/24/2023 EUR 70.470
Vontobel Financial P 6.0000 6/23/2023 EUR 71.630
Vontobel Financial P 11.5000 6/23/2023 EUR 65.620
Vontobel Financial P 8.0000 6/23/2023 EUR 68.940
Vontobel Financial P 10.0000 3/24/2023 EUR 60.120
Vontobel Financial P 13.0000 6/23/2023 EUR 56.940
Vontobel Financial P 11.0000 6/23/2023 EUR 59.340
Zurcher Kantonalbank 18.0000 4/14/2023 USD 69.150
Bank Vontobel AG 11.0000 4/18/2023 CHF 61.000
Bank Vontobel AG 8.2500 4/17/2023 CHF 62.100
Bank Vontobel AG 5.0700 4/17/2023 CHF 69.600
Bank Vontobel AG 8.0000 4/18/2023 CHF 60.500
Bank Vontobel AG 7.5000 4/18/2023 CHF 40.900
Vontobel Financial P 12.0000 3/24/2023 EUR 57.530
Vontobel Financial P 20.5000 3/24/2023 EUR 63.190
Vontobel Financial P 17.5000 3/24/2023 EUR 68.980
Leonteq Securities A 8.0000 3/7/2023 USD 30.070
Vontobel Financial P 20.5000 6/23/2023 EUR 71.640
Raiffeisen Schweiz G 8.2000 3/3/2023 CHF 67.920
Raiffeisen Schweiz G 7.5000 3/3/2023 CHF 56.550
Raiffeisen Switzerla 17.2000 4/19/2023 USD 61.880
UBS AG/London 12.3400 9/7/2023 USD 4.120
Raiffeisen Schweiz G 8.2000 3/3/2023 CHF 67.920
UBS AG/London 14.5000 6/10/2024 CHF 70.300
Leonteq Securities A 8.0000 4/25/2023 CHF 32.220
Leonteq Securities A 10.0000 4/25/2023 CHF 55.590
Raiffeisen Switzerla 7.0000 5/3/2023 CHF 50.700
Societe Generale SA 10.0000 10/18/2024 USD 44.600
Landesbank Hessen-Th 0.6000 7/24/2034 EUR 74.900
Landesbank Baden-Wue 0.7500 8/12/2039 EUR 64.850
UniCredit Bank AG 7.4500 11/18/2024 EUR 52.820
Leonteq Securities A 9.0000 3/29/2023 CHF 53.250
TMK PJSC 7.3500 2/28/2025 RUB 69.960
Vontobel Financial P 15.8000 3/30/2023 EUR 48.190
Luzerner Kantonalban 6.7800 7/6/2023 USD 52.890
Leonteq Securities A 7.0000 3/29/2023 CHF 54.670
Leonteq Securities A 10.0000 3/9/2023 CHF 33.460
Swissquote Bank SA 15.0000 4/25/2023 CHF 45.200
Raiffeisen Schweiz G 17.0000 4/21/2023 CHF 64.750
Raiffeisen Schweiz G 16.0000 4/21/2023 CHF 65.600
UniCredit Bank AG 10.3000 9/27/2024 EUR 64.040
Raiffeisen Schweiz G 19.0000 4/21/2023 CHF 64.100
Bank Julius Baer & C 7.0000 9/12/2023 USD 71.650
EFG International Fi 11.0000 9/10/2024 USD 67.970
Landesbank Hessen-Th 1.0000 10/14/2036 EUR 64.650
Raiffeisen Switzerla 9.4000 10/19/2023 USD 64.420
DZ Bank AG Deutsche 15.2500 6/19/2023 EUR 68.220
Bank Julius Baer & C 7.0000 9/11/2023 USD 71.750
EFG International Fi 12.0000 3/8/2023 CHF 32.850
Bank Julius Baer & C 8.4000 4/4/2023 CHF 60.850
Bank Vontobel AG 15.0000 6/30/2023 CHF 25.000
Landesbank Baden-Wue 10.5000 9/22/2023 EUR 76.090
DZ Bank AG Deutsche 6.2500 3/20/2023 EUR 49.930
VTB Bank PJSC 0.0100 11/25/2026 RUB 69.000
Vontobel Financial P 14.5000 3/24/2023 EUR 61.340
Bank Julius Baer & C 9.6000 3/30/2023 USD 71.100
Landesbank Baden-Wue 6.1000 9/22/2023 EUR 39.210
Landesbank Baden-Wue 4.5000 9/22/2023 EUR 67.260
Landesbank Baden-Wue 4.2000 9/22/2023 EUR 73.080
Landesbank Baden-Wue 6.0000 9/22/2023 EUR 68.130
Raiffeisen Switzerla 6.5000 1/3/2024 CHF 70.320
Landesbank Baden-Wue 4.9000 9/22/2023 EUR 68.950
Communication Techno 5.2500 1/27/2032 HUF 65.000
MKB-Leasing OOO 9.2000 12/22/2027 RUB 65.000
DZ Bank AG Deutsche 5.0000 3/20/2023 EUR 57.600
Landesbank Baden-Wue 7.2500 9/22/2023 EUR 62.870
Bank Julius Baer & C 4.6000 4/4/2023 CHF 69.050
LP Portfolio Vagyonk 3.4000 9/23/2031 HUF 59.900
SG Issuer SA 2.0000 12/22/2036 EUR 62.070
Landesbank Baden-Wue 3.3000 9/22/2023 EUR 45.470
Landesbank Baden-Wue 8.5000 9/22/2023 EUR 36.090
Landesbank Baden-Wue 2.7000 9/22/2023 EUR 73.900
Raiffeisen Switzerla 9.0000 6/30/2023 USD 68.600
Biznes Nedvizhimost 10.8000 12/18/2026 RUB 62.000
Luzerner Kantonalban 5.0000 6/28/2023 CHF 60.160
Zurcher Kantonalbank 9.0000 6/28/2023 CHF 71.730
Raiffeisen Schweiz G 11.5000 2/28/2023 CHF 49.090
Raiffeisen Schweiz G 11.6000 3/1/2023 CHF 66.650
DZ Bank AG Deutsche 3.9000 3/24/2023 EUR 72.520
DZ Bank AG Deutsche 10.5000 3/24/2023 EUR 53.120
Goldman Sachs Intern 0.1000 1/13/2025 EUR 27.000
Vontobel Financial P 5.1000 6/16/2023 USD 57.040
Banque Cantonale Vau 5.4000 12/6/2023 CHF 37.900
UBS AG/London 9.2500 6/23/2023 USD 52.700
Corner Banca SA 6.0000 5/3/2023 CHF 64.640
Luzerner Kantonalban 6.0000 7/6/2023 EUR 53.160
Sberbank of Russia P 0.0100 6/22/2028 RUB 64.100
Luzerner Kantonalban 5.8800 7/6/2023 CHF 53.530
UBS AG/London 8.0000 6/23/2023 CHF 50.000
UBS AG/London 7.7500 6/23/2023 CHF 35.100
UBS AG/London 7.2500 6/23/2023 CHF 65.000
Leonteq Securities A 7.0000 5/3/2023 CHF 52.530
Leonteq Securities A 9.0000 3/9/2023 CHF 69.020
Leonteq Securities A 9.5900 6/9/2023 CHF 63.080
Bank Vontobel AG 8.0000 6/30/2023 CHF 65.400
UBS AG/London 10.5000 4/28/2023 CHF 67.700
UBS AG/London 8.7500 4/28/2023 CHF 51.750
Vontobel Financial P 17.7500 3/29/2023 EUR 34.600
UniCredit Bank AG 4.0000 4/21/2025 USD 69.860
Leonteq Securities A 14.0000 7/25/2023 CHF 68.270
DZ Bank AG Deutsche 17.7000 3/20/2023 EUR 66.990
DZ Bank AG Deutsche 6.2500 6/19/2023 EUR 58.500
Leonteq Securities A 9.0000 3/10/2023 CHF 58.000
Leonteq Securities A 9.0000 3/10/2023 CHF 52.110
Leonteq Securities A 7.0000 9/13/2023 CHF 56.760
Leonteq Securities A 10.0000 3/10/2023 CHF 14.540
Leonteq Securities A 6.0000 9/13/2023 CHF 61.210
Leonteq Securities A 11.0000 3/13/2023 USD 58.210
Leonteq Securities A 22.0000 4/25/2023 CHF 49.120
Raiffeisen Schweiz G 10.0000 3/10/2023 CHF 41.320
Raiffeisen Schweiz G 4.0000 9/10/2024 CHF 65.570
Erste Group Bank AG 4.0000 10/1/2025 EUR 75.150
DZ Bank AG Deutsche 23.3000 3/24/2023 EUR 70.350
Raiffeisen Schweiz G 9.0000 3/10/2023 USD 48.800
Raiffeisen Switzerla 10.0000 3/10/2023 EUR 37.710
Raiffeisen Schweiz G 8.0000 3/10/2023 CHF 53.020
Leonteq Securities A 15.0000 4/26/2024 CHF 65.830
Leonteq Securities A 10.0000 10/25/2023 CHF 68.630
Leonteq Securities A 7.0000 3/10/2023 CHF 68.550
DekaBank Deutsche Gi 2.8000 10/20/2023 EUR 49.480
Landesbank Hessen-Th 1.0000 12/28/2035 EUR 64.900
Landesbank Baden-Wue 3.4000 8/23/2024 EUR 22.480
EFG International Fi 4.9000 11/24/2023 USD 56.590
DekaBank Deutsche Gi 1.0000 12/23/2024 EUR 72.590
Societe Generale SA 13.5000 8/23/2024 USD 47.500
Bank Julius Baer & C 9.4000 2/28/2023 USD 52.900
Landesbank Baden-Wue 5.5000 5/26/2023 EUR 60.330
Basler Kantonalbank 7.0000 8/23/2023 CHF 57.120
Landesbank Baden-Wue 2.5000 5/26/2023 EUR 67.550
Zurcher Kantonalbank 7.5000 2/24/2023 EUR 56.340
Landesbank Baden-Wue 2.1000 5/26/2023 EUR 63.700
Landesbank Baden-Wue 3.6000 6/23/2023 EUR 71.320
Bank Julius Baer & C 7.4000 5/26/2023 CHF 55.500
Sovcombank Leasing O 9.2500 5/19/2025 RUB 65.000
Leonteq Securities A 7.8000 11/29/2023 CHF 74.270
Leonteq Securities A 10.8000 5/26/2023 EUR 68.480
Leonteq Securities A 7.8000 11/29/2023 CHF 66.290
Leonteq Securities A 11.0000 5/30/2023 USD 72.090
Leonteq Securities A 8.0000 3/1/2023 CHF 64.600
Raiffeisen Schweiz G 9.0000 5/26/2023 USD 55.230
Raiffeisen Schweiz G 9.0000 2/28/2023 CHF 43.590
Bank Vontobel AG 12.5000 2/27/2023 CHF 15.300
Raiffeisen Schweiz G 6.0000 11/29/2023 CHF 69.510
DZ Bank AG Deutsche 23.7000 9/22/2023 EUR 69.630
DZ Bank AG Deutsche 20.9000 12/22/2023 EUR 72.590
Leonteq Securities A 3.9100 3/3/2023 CHF 57.860
Landesbank Baden-Wue 3.6000 4/28/2023 EUR 48.110
Landesbank Baden-Wue 6.5000 4/28/2023 EUR 41.590
Raiffeisen Schweiz G 10.0000 10/11/2023 CHF 66.790
Leonteq Securities A 7.6000 3/9/2023 EUR 29.840
Landesbank Baden-Wue 3.7500 2/27/2026 EUR 72.920
Leonteq Securities A 9.0000 7/14/2023 CHF 70.000
Leonteq Securities A 10.0000 4/18/2023 USD 43.660
Raiffeisen Switzerla 7.4000 7/14/2023 CHF 73.010
Raiffeisen Switzerla 6.0000 1/17/2024 CHF 69.450
UBS AG/London 7.7500 8/2/2023 CHF 69.250
UBS AG/London 10.2500 8/2/2023 CHF 75.100
DZ Bank AG Deutsche 6.5000 3/22/2023 EUR 55.990
DZ Bank AG Deutsche 7.2500 3/22/2023 EUR 25.550
DZ Bank AG Deutsche 6.5000 3/22/2023 EUR 72.480
DZ Bank AG Deutsche 8.2500 3/22/2023 EUR 67.120
EFG International Fi 6.0000 12/22/2023 USD 32.590
Luzerner Kantonalban 8.2600 7/17/2023 CHF 71.510
DekaBank Deutsche Gi 1.0000 1/20/2025 EUR 42.120
DekaBank Deutsche Gi 2.5000 2/2/2024 EUR 52.690
EFG International Fi 4.9000 12/28/2023 USD 53.390
Credit Suisse AG/Lon 8.2500 4/13/2023 CHF 64.880
Bank Vontobel AG 20.0000 4/17/2023 CHF 70.000
Landesbank Hessen-Th 4.8694 1/26/2037 EUR 66.900
Credit Suisse AG/Lon 8.0000 4/14/2023 CHF 70.260
Bank Vontobel AG 7.2000 1/19/2027 EUR 44.300
BNP Paribas Issuance 4.6000 1/23/2024 EUR 20.950
UBS AG/London 7.5000 3/17/2023 CHF 23.280
UBS AG/London 12.2500 3/17/2023 CHF 58.350
Vontobel Financial P 5.1500 3/19/2025 EUR 49.180
Bank Vontobel AG 10.0000 3/24/2023 EUR 52.300
Bank Vontobel AG 5.5000 12/27/2023 CHF 59.700
Raiffeisen Switzerla 9.0000 6/27/2023 USD 56.800
Raiffeisen Schweiz G 6.0000 12/27/2023 CHF 72.110
UBS AG/London 9.5000 1/12/2024 CHF 66.300
UBS AG/London 7.5000 7/12/2023 CHF 58.900
Landesbank Baden-Wue 2.5000 7/24/2026 EUR 71.360
Bank Vontobel AG 11.2500 3/24/2023 CHF 45.300
Sberbank of Russia P 0.0100 12/11/2026 RUB 67.020
Raiffeisen Schweiz G 6.0000 12/27/2023 CHF 68.680
UBS AG/London 5.5000 1/12/2024 CHF 58.800
Credit Suisse AG/Lon 8.0000 3/22/2023 CHF 67.470
Leonteq Securities A 8.0000 3/22/2023 CHF 65.280
Raiffeisen Switzerla 8.0000 3/22/2023 CHF 58.960
Landesbank Baden-Wue 4.0000 6/27/2025 EUR 73.910
Raiffeisen Switzerla 6.2500 9/25/2023 CHF 67.050
Bank Vontobel AG 11.0000 6/27/2023 CHF 74.200
UBS AG/London 5.2500 1/12/2024 USD 71.800
UBS AG/London 6.2500 1/12/2024 CHF 69.900
UBS AG/London 6.5000 1/12/2024 CHF 66.350
Bank Vontobel AG 12.3000 4/26/2023 CHF 42.300
Bank Julius Baer & C 12.1500 7/19/2023 CHF 58.850
Leonteq Securities A 20.0000 6/27/2023 CHF 53.390
Nordea Bank Abp 7.1000 7/20/2024 SEK #N/A N/A
Societe Generale SA 7.2800 5/6/2024 USD 52.840
Landesbank Hessen-Th 9.7389 8/24/2033 EUR 73.800
Landesbank Baden-Wue 2.5000 8/25/2023 EUR 65.700
Leonteq Securities A 5.2000 11/29/2023 CHF 69.890
Basler Kantonalbank 10.0000 2/13/2023 CHF 48.160
EFG International Fi 15.0000 2/13/2023 EUR 36.260
EFG International Fi 8.0000 2/13/2023 CHF 72.830
EFG International Fi 10.0000 2/13/2023 USD 60.530
Leonteq Securities A 8.0000 2/13/2023 CHF 74.360
Bank Vontobel AG 6.5000 2/13/2023 CHF 58.200
Leonteq Securities A 13.0000 2/22/2023 USD 68.270
Leonteq Securities A 18.0000 2/22/2023 CHF 28.500
DZ Bank AG Deutsche 19.0000 3/24/2023 EUR 63.980
Goldman Sachs & Co W 5.0000 3/22/2023 EUR 51.550
Goldman Sachs & Co W 5.0000 6/21/2023 EUR 52.600
Goldman Sachs & Co W 4.0000 3/22/2023 EUR 54.560
Goldman Sachs & Co W 4.0000 6/21/2023 EUR 55.290
Corner Banca SA 10.0000 2/13/2023 EUR 31.790
UBS AG/London 7.0000 11/24/2023 CHF 62.100
Bank Vontobel AG 15.0000 2/20/2023 CHF 40.400
Bank Julius Baer & C 9.2000 2/27/2023 EUR 48.950
Landesbank Baden-Wue 3.5000 5/26/2023 EUR 34.130
Landesbank Baden-Wue 7.3000 5/26/2023 EUR 28.190
Landesbank Baden-Wue 2.1000 6/23/2023 EUR 69.490
Landesbank Baden-Wue 4.2000 6/23/2023 EUR 62.260
Landesbank Baden-Wue 11.0500 5/26/2023 EUR 58.660
Landesbank Baden-Wue 3.0000 5/26/2023 EUR 60.850
Landesbank Baden-Wue 3.0000 6/23/2023 EUR 73.260
Landesbank Baden-Wue 4.0000 5/26/2023 EUR 71.400
Landesbank Baden-Wue 6.2000 5/26/2023 EUR 60.870
Landesbank Baden-Wue 3.6000 6/23/2023 EUR 45.860
Societe Generale SA 21.0000 12/1/2023 USD 28.880
Societe Generale SA 15.8000 12/5/2024 USD 49.700
Leonteq Securities A 10.8000 5/26/2023 CHF 45.730
Leonteq Securities A 10.0000 11/29/2023 EUR 59.510
Raiffeisen Schweiz G 7.0000 11/29/2023 CHF 61.810
Raiffeisen Schweiz G 6.6000 11/29/2023 CHF 63.880
Bank Vontobel AG 7.5000 5/26/2023 CHF 60.900
Bank Vontobel AG 5.2500 5/28/2024 CHF 70.500
DZ Bank AG Deutsche 23.6000 3/24/2023 EUR 62.780
DZ Bank AG Deutsche 15.2000 6/23/2023 EUR 18.850
UBS AG/London 20.0000 10/23/2023 CHF 49.700
Societe Generale SA 23.0000 5/1/2023 USD 43.000
Basler Kantonalbank 15.0000 7/27/2023 EUR 67.500
Landesbank Baden-Wue 5.5000 4/26/2024 EUR 70.660
Landesbank Baden-Wue 3.9000 4/26/2024 EUR 73.390
Landesbank Baden-Wue 5.1000 4/26/2024 EUR 69.400
UBS AG/London 6.7500 11/24/2023 CHF 62.250
Leonteq Securities A 8.0000 2/20/2023 CHF 54.740
Leonteq Securities A 7.4000 2/20/2023 CHF 69.380
Landesbank Baden-Wue 5.2500 5/26/2023 EUR 30.570
Landesbank Baden-Wue 2.8500 5/26/2023 EUR 69.060
Landesbank Baden-Wue 3.1000 6/23/2023 EUR 65.630
Landesbank Baden-Wue 8.4500 5/26/2023 EUR 67.090
Landesbank Baden-Wue 8.2500 5/26/2023 EUR 71.810
Landesbank Baden-Wue 4.6000 6/23/2023 EUR 73.020
Landesbank Baden-Wue 4.0000 6/23/2023 EUR 69.540
Landesbank Baden-Wue 2.1500 5/26/2023 EUR 64.050
Landesbank Baden-Wue 4.1500 5/26/2023 EUR 56.100
Landesbank Baden-Wue 6.0000 5/26/2023 EUR 51.410
Landesbank Baden-Wue 7.8500 5/26/2023 EUR 55.490
Landesbank Baden-Wue 2.1500 6/23/2023 EUR 49.760
Landesbank Baden-Wue 2.0000 6/23/2023 EUR 59.200
Landesbank Baden-Wue 3.2000 6/23/2023 EUR 55.980
Zurcher Kantonalbank 6.0000 5/17/2023 CHF 68.490
Zurcher Kantonalbank 10.0000 4/20/2023 CHF 70.980
Zurcher Kantonalbank 10.0000 4/21/2023 CHF 71.540
Zurcher Kantonalbank 9.0000 4/21/2023 CHF 71.710
Bank Julius Baer & C 13.1500 6/28/2023 CHF 41.350
Bank Julius Baer & C 18.5500 6/28/2023 CHF 60.700
Raiffeisen Switzerla 15.2000 6/27/2023 EUR 38.090
Bank Vontobel AG 18.5000 6/26/2023 CHF 62.500
Landesbank Baden-Wue 1.0000 7/17/2039 EUR 64.990
Landesbank Hessen-Th 0.7000 8/2/2034 EUR 73.000
DZ Bank AG Deutsche 13.5000 3/24/2023 EUR 38.820
Basler Kantonalbank 9.0000 2/20/2023 CHF 33.560
EFG International Fi 10.0000 2/20/2023 CHF 54.790
Landesbank Baden-Wue 2.4000 9/26/2025 EUR 71.220
UniCredit Bank AG 6.4500 6/21/2023 EUR 48.750
Bank Vontobel AG 7.7500 2/20/2023 CHF 41.600
Credit Suisse AG/Lon 5.2000 11/27/2023 USD 8.820
Sberbank of Russia P 0.0100 8/21/2028 RUB 61.800
UBS AG/London 6.5000 11/24/2023 CHF 69.150
Raiffeisen Schweiz G 14.0000 2/20/2023 CHF 45.870
Leonteq Securities A 11.0000 2/23/2023 CHF 23.460
Bank Vontobel AG 28.5000 9/18/2023 CHF 64.700
Bank Vontobel AG 9.5000 2/13/2023 CHF 62.100
Leonteq Securities A 8.0000 11/22/2023 CHF 72.080
Leonteq Securities A 11.0000 5/22/2023 CHF 57.660
Leonteq Securities A 11.0000 2/22/2023 USD 47.440
Sberbank of Russia P 0.0100 11/23/2026 RUB 69.000
Leonteq Securities A 14.0000 2/22/2023 EUR 46.350
Societe Generale SA 13.6000 8/16/2024 USD 63.000
Zurcher Kantonalbank 5.1500 8/18/2023 CHF 64.130
Credit Suisse AG/Lon 8.5000 2/16/2023 USD 63.110
EFG International Fi 10.6000 8/23/2023 EUR 35.510
Zurcher Kantonalbank 10.5000 5/16/2023 CHF 65.240
Basler Kantonalbank 8.0000 8/18/2023 CHF 55.530
DZ Bank AG Deutsche 16.3000 3/24/2023 EUR 63.480
DZ Bank AG Deutsche 10.0000 3/24/2023 EUR 68.460
DZ Bank AG Deutsche 13.7000 3/24/2023 EUR 74.450
DZ Bank AG Deutsche 6.0000 3/24/2023 EUR 53.660
Mostotrest PJSC 0.0100 7/29/2026 RUB 63.550
EFG International Fi 7.5000 5/19/2023 CHF 31.410
DZ Bank AG Deutsche 8.4000 3/24/2023 EUR 75.490
DZ Bank AG Deutsche 10.6000 3/24/2023 EUR 71.040
DZ Bank AG Deutsche 12.5000 3/24/2023 EUR 46.880
DZ Bank AG Deutsche 10.1000 3/24/2023 EUR 70.360
DZ Bank AG Deutsche 13.4000 3/24/2023 EUR 69.510
EFG International Fi 8.0000 8/18/2023 CHF 67.530
Bank Vontobel AG 10.7500 5/22/2023 CHF 44.900
Bank Vontobel AG 14.0000 5/22/2023 CHF 64.600
Credit Suisse AG/Lon 4.5500 2/23/2023 USD 9.576
EFG International Fi 4.9600 2/24/2023 EUR 69.290
UBS AG/London 7.5000 11/24/2023 CHF 71.650
UBS AG/London 8.0000 11/24/2023 CHF 59.850
UBS AG/London 10.7500 5/24/2023 USD 56.000
UBS AG/London 6.7500 11/24/2023 CHF 58.800
UBS AG/London 11.2500 5/24/2023 EUR 70.750
UBS AG/London 8.0000 5/24/2023 CHF 31.700
Sberbank of Russia P 0.0100 11/24/2026 RUB 69.900
Raiffeisen Schweiz G 8.4000 8/23/2023 CHF 56.700
Raiffeisen Switzerla 8.8000 2/22/2023 CHF 46.810
Raiffeisen Schweiz G 4.4000 11/22/2023 CHF 71.150
Raiffeisen Schweiz G 8.8000 5/19/2023 USD 68.030
Raiffeisen Schweiz G 7.5000 11/22/2023 CHF 64.890
DZ Bank AG Deutsche 5.0000 3/20/2023 EUR 65.980
DZ Bank AG Deutsche 8.7500 3/20/2023 EUR 68.230
Leonteq Securities A 8.8000 2/22/2023 EUR 49.620
Bank Julius Baer & C 6.5000 2/23/2023 CHF 58.950
Landesbank Hessen-Th 1.1500 9/22/2036 EUR 63.500
Societe Generale SA 10.0000 8/17/2023 USD 41.520
Raiffeisen Schweiz G 7.2500 2/13/2023 EUR 74.490
Raiffeisen Schweiz G 10.0000 2/13/2023 CHF 57.280
Raiffeisen Schweiz G 6.0000 8/16/2023 CHF 66.880
Zurcher Kantonalbank 8.1000 2/20/2023 CHF 68.130
Zurcher Kantonalbank 7.8000 2/20/2023 CHF 69.810
Bank Vontobel AG 8.2508 2/13/2023 CHF 56.300
Leonteq Securities A 14.0000 2/23/2023 CHF 35.620
DZ Bank AG Deutsche 10.9000 3/24/2023 EUR 49.810
DZ Bank AG Deutsche 17.7000 3/24/2023 EUR 33.780
DZ Bank AG Deutsche 12.0000 3/24/2023 EUR 58.190
Credit Suisse AG/Lon 4.5500 5/24/2023 USD 9.270
Leonteq Securities A 8.0000 8/23/2023 CHF 67.680
UBS AG/London 6.7500 11/24/2023 CHF 56.950
UBS AG/London 8.0000 11/24/2023 CHF 72.000
Leonteq Securities A 7.0000 8/23/2023 CHF 70.520
Leonteq Securities A 8.0000 2/23/2023 USD 57.170
Leonteq Securities A 10.0000 2/23/2023 USD 51.410
Leonteq Securities A 8.0000 8/23/2023 CHF 19.530
Bank Vontobel AG 10.0000 2/20/2023 CHF 53.900
Bank Vontobel AG 6.5000 2/20/2023 CHF 66.400
Landesbank Hessen-Th 1.7500 8/4/2036 EUR 66.000
Bank Vontobel AG 15.0000 9/25/2023 CHF 62.500
UBS AG/London 9.7500 7/1/2024 CHF 62.050
Landesbank Hessen-Th 2.0000 4/9/2035 EUR 65.400
Credit Suisse AG/Lon 8.0000 3/21/2023 CHF 72.880
Bank Vontobel AG 10.2500 3/24/2023 CHF 44.600
Raiffeisen Schweiz G 10.0000 3/23/2023 CHF 37.680
UBS AG/London 9.0000 7/12/2023 EUR 59.000
Raiffeisen Schweiz G 6.3000 7/12/2023 CHF 74.010
Landesbank Hessen-Th 9.7389 11/16/2033 EUR 73.400
Landesbank Baden-Wue 2.5000 8/25/2023 EUR 64.460
DZ Bank AG Deutsche 9.7500 9/20/2023 EUR 45.060
UBS AG/London 16.7500 8/31/2023 USD 70.750
Raiffeisen Switzerla 20.0000 9/6/2023 CHF 49.990
Banque International 11.0000 7/12/2023 EUR 58.650
BNP Paribas Emission 3.0000 3/23/2023 EUR 73.670
BNP Paribas Emission 4.0000 3/23/2023 EUR 67.910
BNP Paribas Emission 4.0000 3/23/2023 EUR 65.410
Corner Banca SA 20.0000 5/2/2023 CHF 62.920
Swissquote Bank SA 16.0000 5/2/2023 CHF 46.720
Leonteq Securities A 18.0000 5/2/2023 CHF 50.700
Leonteq Securities A 20.0000 5/2/2023 CHF 34.820
Credit Suisse AG/Lon 9.7500 4/27/2023 USD 57.840
UBS AG/London 7.7500 4/29/2024 CHF 65.850
DZ Bank AG Deutsche 6.0000 3/24/2023 EUR 73.810
Bank Vontobel AG 20.0000 5/2/2023 CHF 62.200
UBS AG/London 6.8500 7/25/2023 USD 9.450
Bank Julius Baer & C 14.0000 5/5/2023 USD 64.250
EFG International Fi 15.0000 5/9/2023 CHF 38.320
UBS AG/London 11.2500 5/4/2023 CHF 48.250
Banque International 16.0000 5/4/2023 CHF 65.760
Leonteq Securities A 12.0000 8/9/2023 CHF 65.590
Sberbank of Russia P 0.0100 11/30/2028 RUB 65.400
Landesbank Hessen-Th 1.4000 1/13/2037 EUR 66.250
Sberbank of Russia P 0.0100 11/27/2026 RUB 68.900
Leonteq Securities A 11.2100 6/6/2023 CHF 18.990
Leonteq Securities A 6.1000 12/6/2023 CHF 66.960
Bank Vontobel AG 8.0000 5/26/2023 CHF 34.800
Bank Vontobel AG 8.5000 6/5/2023 CHF 70.700
Leonteq Securities A 8.8000 12/7/2023 CHF 62.470
Bank Vontobel AG 9.5000 2/20/2023 EUR 25.500
Bank Vontobel AG 6.0000 2/20/2023 CHF 70.800
Luzerner Kantonalban 9.5000 5/30/2023 CHF 67.170
UniCredit Bank AG 5.0000 1/21/2025 USD 70.340
DekaBank Deutsche Gi 3.3000 1/12/2026 EUR 69.090
Raiffeisen Schweiz G 6.7000 9/6/2023 USD 60.290
Raiffeisen Schweiz G 7.2000 6/6/2023 CHF 59.360
Raiffeisen Schweiz G 8.2000 12/6/2023 CHF 64.390
Landesbank Baden-Wue 4.0000 1/2/2026 EUR 68.290
Landesbank Baden-Wue 2.5000 1/2/2026 EUR 60.080
Vontobel Financial P 6.2000 12/8/2023 EUR 62.170
Sberbank of Russia P 0.0100 11/27/2026 RUB 65.880
Sberbank of Russia P 0.0100 12/7/2026 RUB 71.700
Vontobel Financial P 11.5000 3/24/2023 EUR 71.570
DZ Bank AG Deutsche 22.8000 12/22/2023 EUR 70.300
HSBC Trinkaus & Burk 14.9000 6/23/2023 EUR 73.120
HSBC Trinkaus & Burk 23.1000 3/24/2023 EUR 36.370
HSBC Trinkaus & Burk 15.3000 6/23/2023 EUR 40.560
HSBC Trinkaus & Burk 7.7000 6/23/2023 EUR 48.610
HSBC Trinkaus & Burk 19.4000 9/22/2023 EUR 40.550
HSBC Trinkaus & Burk 8.8000 2/24/2023 EUR 47.300
HSBC Trinkaus & Burk 16.8000 7/28/2023 EUR 40.330
DZ Bank AG Deutsche 24.0000 9/22/2023 EUR 48.960
Bank Julius Baer & C 16.1500 3/15/2023 CHF 39.850
Bank Julius Baer & C 22.5000 6/15/2023 CHF 45.800
Bank Julius Baer & C 10.0000 6/15/2023 CHF 48.000
Credit Suisse AG/Lon 10.2500 6/9/2023 USD 58.430
Leonteq Securities A 19.0000 6/29/2023 USD 67.770
Leonteq Securities A 24.0000 3/3/2023 CHF 53.090
Landesbank Baden-Wue 3.0000 3/22/2024 EUR 69.030
Landesbank Baden-Wue 4.2000 3/22/2024 EUR 64.530
Landesbank Baden-Wue 5.0000 3/22/2024 EUR 71.400
UBS AG/London 4.0000 5/26/2026 SEK 72.190
Leonteq Securities A 12.0000 3/7/2023 CHF 68.620
Leonteq Securities A 17.0000 3/7/2023 CHF 34.880
UBS AG/London 4.0000 8/3/2026 SEK 61.330
Landesbank Hessen-Th 2.0000 3/10/2037 EUR 72.750
Credit Suisse AG/Lon 8.5000 3/1/2023 CHF 61.640
DZ Bank AG Deutsche 4.8000 3/20/2023 EUR 58.080
Leonteq Securities A 8.0000 10/4/2023 USD 69.500
UniCredit Bank AG 3.6500 10/29/2024 EUR 74.800
BNP Paribas SA 1.2750 10/2/2023 USD 22.900
Credit Suisse AG/Lon 12.0000 3/8/2023 USD 68.930
Raiffeisen Schweiz G 8.5000 3/24/2023 CHF 69.620
Raiffeisen Schweiz G 7.0000 3/24/2023 CHF 69.670
Raiffeisen Schweiz G 8.5000 3/24/2023 USD 30.420
Zurcher Kantonalbank 16.0000 3/3/2023 USD 70.640
EFG International Fi 9.5000 9/14/2023 CHF 69.370
Raiffeisen Bank Inte 8.0515 3/22/2023 EUR 64.780
Raiffeisen Bank Inte 8.0515 3/22/2023 EUR 74.280
Raiffeisen Bank Inte 10.7353 3/22/2023 EUR 57.090
Raiffeisen Bank Inte 9.3934 3/22/2023 EUR 73.390
Raiffeisen Bank Inte 10.7353 3/22/2023 EUR 69.970
Raiffeisen Bank Inte 10.0643 3/22/2023 EUR 74.670
Vontobel Financial P 7.0000 3/24/2023 EUR 66.540
Credit Suisse AG/Lon 8.5000 3/6/2023 CHF 65.580
Landesbank Baden-Wue 3.6500 3/24/2023 EUR 65.500
Landesbank Baden-Wue 6.2000 3/24/2023 EUR 60.080
Landesbank Baden-Wue 3.0000 3/24/2023 EUR 72.010
Landesbank Baden-Wue 6.2000 3/24/2023 EUR 67.610
Landesbank Baden-Wue 5.5000 3/24/2023 EUR 74.350
Landesbank Baden-Wue 4.1500 3/24/2023 EUR 66.280
Landesbank Baden-Wue 3.3500 3/24/2023 EUR 58.140
Leonteq Securities A 10.0000 4/4/2023 USD 56.460
Leonteq Securities A 26.0000 3/14/2023 CHF 20.130
Vontobel Financial P 10.7500 4/13/2023 EUR 59.740
Societe Generale SA 14.7600 10/7/2024 USD 72.700
Banque International 6.0000 11/30/2023 CHF 67.890
Landesbank Baden-Wue 3.2500 1/2/2026 EUR 69.450
EFG International Fi 8.0000 6/1/2023 CHF 67.320
Bank Vontobel AG 9.0000 6/5/2023 CHF 62.500
Societe Generale SA 14.4000 12/14/2023 USD 27.500
EFG International Fi 8.0000 3/22/2023 USD 59.830
Leonteq Securities A 8.0000 9/27/2023 CHF 65.050
Leonteq Securities A 12.0000 3/24/2023 CHF 63.010
Leonteq Securities A 8.0000 3/24/2023 CHF 64.750
Corner Banca SA 8.0000 9/27/2023 CHF 37.420
Corner Banca SA 11.4000 3/24/2023 CHF 45.850
Leonteq Securities A 7.0000 9/27/2023 CHF 68.500
Bank Julius Baer & C 9.2000 3/8/2023 CHF 64.050
Raiffeisen Schweiz G 7.0000 6/27/2023 CHF 69.760
Bank Julius Baer & C 15.4000 3/8/2023 USD 60.050
Raiffeisen Schweiz G 15.2000 3/7/2023 CHF 53.710
Banque International 10.0000 3/28/2023 CHF 37.410
Bank Vontobel AG 8.2500 3/4/2024 CHF 72.500
Credit Suisse AG/Lon 16.0000 3/3/2023 USD 27.150
Raiffeisen Schweiz G 4.0000 9/27/2024 CHF 56.750
Raiffeisen Schweiz G 7.0000 3/24/2023 CHF 61.310
Zurcher Kantonalbank 20.0000 3/3/2023 USD 67.460
Bank Vontobel AG 10.0000 3/4/2024 EUR 67.600
Bank Vontobel AG 9.5000 6/2/2023 CHF 68.200
Basler Kantonalbank 10.0000 3/29/2023 CHF 36.550
EFG International Fi 12.0000 3/29/2023 USD 43.380
Raiffeisen Bank Inte 5.3677 3/22/2023 EUR 68.930
Raiffeisen Bank Inte 9.3934 3/22/2023 EUR 60.250
Raiffeisen Bank Inte 12.0772 3/22/2023 EUR 54.960
Raiffeisen Bank Inte 12.0772 3/22/2023 EUR 67.460
Vontobel Financial P 10.0000 3/24/2023 EUR 54.170
Landesbank Hessen-Th 1.5000 10/1/2036 EUR 64.600
Raiffeisen Schweiz G 5.8500 10/4/2023 CHF 62.840
Landesbank Baden-Wue 2.2500 3/24/2023 EUR 71.250
Landesbank Baden-Wue 4.9000 3/24/2023 EUR 61.800
Landesbank Baden-Wue 8.6500 3/24/2023 EUR 51.870
Landesbank Baden-Wue 4.2000 3/24/2023 EUR 67.840
Landesbank Baden-Wue 8.9000 3/24/2023 EUR 56.930
Landesbank Baden-Wue 6.2500 3/24/2023 EUR 73.010
Landesbank Baden-Wue 3.6500 3/24/2023 EUR 74.520
Landesbank Baden-Wue 6.2000 3/24/2023 EUR 64.650
Landesbank Baden-Wue 3.0000 3/24/2023 EUR 69.960
Landesbank Baden-Wue 4.9000 3/24/2023 EUR 73.620
Leonteq Securities A 8.0000 3/11/2024 CHF 51.390
Sberbank of Russia P 0.0100 10/3/2028 RUB 70.700
Landesbank Baden-Wue 2.0000 3/24/2023 EUR 62.110
Credit Suisse AG/Lon 9.5000 3/7/2023 CHF 39.020
Credit Suisse AG/Lon 11.8500 3/18/2024 USD 71.550
Leonteq Securities A 11.0000 4/4/2023 CHF 68.320
Leonteq Securities A 7.0000 10/4/2023 CHF 57.950
Leonteq Securities A 10.0000 4/4/2023 CHF 59.380
Leonteq Securities A 7.4000 10/4/2023 CHF 67.890
Corner Banca SA 8.0000 4/4/2023 CHF 71.420
Corner Banca SA 7.0000 10/4/2023 CHF 68.730
Sberbank of Russia P 0.0100 10/23/2026 RUB 67.810
Landesbank Hessen-Th 1.5000 12/10/2036 EUR 66.900
Vontobel Financial P 8.4000 12/4/2023 EUR 68.630
Raiffeisen Schweiz G 8.2000 2/6/2024 CHF 70.760
Leonteq Securities A 9.0000 5/8/2023 CHF 65.510
Bank Julius Baer & C 7.5000 5/10/2023 CHF 66.300
Credit Suisse AG/Lon 8.0000 11/10/2023 USD 44.890
UBS AG/London 17.2500 5/4/2023 CHF 46.650
Bank Vontobel AG 8.5000 11/3/2023 CHF 49.600
Leonteq Securities A 9.0000 5/9/2023 CHF 62.710
Banque International 8.0000 11/8/2023 USD 69.580
Zurcher Kantonalbank 7.0000 4/27/2023 CHF 66.340
Credit Suisse AG/Lon 8.0000 11/15/2023 USD 62.410
HSBC Trinkaus & Burk 5.0000 6/22/2023 EUR 75.190
DZ Bank AG Deutsche 6.2500 3/20/2023 EUR 73.980
DZ Bank AG Deutsche 4.7500 3/20/2023 EUR 62.010
UBS AG/London 8.0000 5/3/2023 CHF 69.000
Zurcher Kantonalbank 9.0000 5/4/2023 CHF 71.040
DZ Bank AG Deutsche 12.4000 6/23/2023 EUR 68.730
SG Issuer SA 5.0000 5/30/2029 EUR 53.540
Vontobel Financial P 16.7500 9/22/2023 EUR 69.800
Leonteq Securities A 11.0000 8/9/2023 CHF 72.760
UBS AG/London 18.0000 4/8/2024 CHF 68.850
Zurcher Kantonalbank 11.0000 4/6/2023 CHF 61.760
Zurcher Kantonalbank 19.0000 4/6/2023 CHF 62.250
Credit Suisse AG/Lon 7.0000 4/6/2023 CHF 59.560
Credit Suisse AG/Lon 4.2000 4/21/2023 EUR 46.040
Raiffeisen Bank Inte 11.0816 9/20/2023 EUR 70.220
Raiffeisen Bank Inte 11.0816 9/20/2023 EUR 56.260
Raiffeisen Bank Inte 8.3112 9/20/2023 EUR 58.810
DZ Bank AG Deutsche 5.2500 6/21/2023 EUR 55.120
Bank Vontobel AG 15.0000 4/12/2023 CHF 57.100
Bank Vontobel AG 8.7500 10/9/2023 CHF 61.300
UniCredit Bank AG 10.8000 5/10/2023 EUR 34.170
EFG International Fi 4.5000 2/12/2024 USD 50.120
Raiffeisen Switzerla 7.2000 2/15/2023 CHF 55.290
Landesbank Baden-Wue 3.8000 2/24/2023 EUR 72.380
UBS AG/London 8.7500 2/17/2023 CHF 58.550
UBS AG/London 14.7500 2/17/2023 CHF 16.400
DekaBank Deutsche Gi 1.0000 3/17/2025 EUR 70.970
Landesbank Hessen-Th 1.0000 3/17/2036 EUR 63.800
Raiffeisen Schweiz G 14.8000 4/11/2023 CHF 39.790
Raiffeisen Bank Inte 8.3112 9/20/2023 EUR 73.730
Raiffeisen Bank Inte 9.6964 9/20/2023 EUR 71.740
Raiffeisen Bank Inte 8.3112 9/20/2023 EUR 63.810
Raiffeisen Bank Inte 9.6964 9/20/2023 EUR 59.360
Raiffeisen Bank Inte 5.5408 9/20/2023 EUR 61.450
Raiffeisen Bank Inte 6.9260 9/20/2023 EUR 59.910
DZ Bank AG Deutsche 21.5000 4/28/2023 EUR 69.670
Bank Vontobel AG 10.2500 10/9/2023 CHF 68.700
DZ Bank AG Deutsche 8.2500 3/20/2023 EUR 55.220
Leonteq Securities A 22.0000 4/12/2023 CHF 55.700
Leonteq Securities A 13.0000 7/11/2023 CHF 66.670
Corner Banca SA 20.0000 4/12/2023 CHF 60.800
UBS AG/London 11.2500 8/31/2023 CHF 63.500
Basler Kantonalbank 7.0000 9/22/2023 CHF 71.130
Basler Kantonalbank 8.0000 3/22/2023 CHF 60.550
EFG International Fi 16.0000 3/22/2023 CHF 32.410
Leonteq Securities A 10.0000 3/24/2023 USD 52.400
Bank Julius Baer & C 9.4000 3/8/2023 CHF 42.050
Luzerner Kantonalban 3.5000 8/30/2023 USD 61.430
Leonteq Securities A 21.0000 2/14/2023 CHF 31.720
Leonteq Securities A 10.0000 8/11/2023 CHF 45.260
Leonteq Securities A 4.0000 8/11/2023 EUR 70.730
Raiffeisen Schweiz G 3.5500 11/29/2023 CHF 62.180
Zurcher Kantonalbank 5.0000 5/23/2023 CHF 64.140
EFG International Fi 5.4800 2/24/2023 EUR 65.470
DZ Bank AG Deutsche 9.2500 3/22/2023 EUR 32.480
Leonteq Securities A 13.0000 2/14/2023 USD 62.050
Corner Banca SA 15.0000 2/14/2023 CHF 71.870
Corner Banca SA 21.0000 2/14/2023 CHF 35.150
Landesbank Baden-Wue 3.0000 2/27/2026 EUR 71.910
DZ Bank AG Deutsche 10.0000 3/22/2023 EUR 24.110
UBS AG/London 9.0000 6/1/2023 CHF 68.750
UBS AG/London 6.7500 12/1/2023 CHF 64.400
UBS AG/London 10.5000 6/1/2023 CHF 65.700
UBS AG/London 7.7500 6/1/2023 CHF 62.150
UBS AG/London 7.7500 12/1/2023 CHF 71.200
UBS AG/London 6.5000 12/1/2023 CHF 62.550
UBS AG/London 7.2500 12/1/2023 CHF 68.700
UBS AG/London 5.7500 12/1/2023 CHF 69.650
SG Issuer SA 2.1000 8/23/2033 EUR 20.260
Credit Suisse AG/Lon 7.0000 5/19/2023 CHF 71.220
Credit Suisse AG/Lon 7.2500 5/24/2023 CHF 69.600
Credit Suisse AG/Lon 8.5000 2/24/2023 CHF 61.260
DZ Bank AG Deutsche 7.7000 6/19/2023 EUR 74.650
Societe Generale SA 8.1000 4/3/2023 USD 61.980
UBS AG/London 14.0000 3/23/2023 USD 71.750
UBS AG/London 14.2500 3/23/2023 CHF 73.100
Bank Vontobel AG 7.0000 7/28/2023 CHF 72.100
UBS AG/London 9.2500 11/10/2023 CHF 58.450
Leonteq Securities A 6.0000 2/13/2023 EUR 48.610
Raiffeisen Schweiz G 7.0000 11/8/2023 CHF 68.210
UBS AG/London 10.7500 11/13/2023 CHF 64.700
Raiffeisen Schweiz G 8.0000 5/5/2023 CHF 56.200
UBS AG/London 8.5000 11/10/2023 CHF 34.450
UBS AG/London 8.2500 5/10/2023 CHF 70.400
Vontobel Financial P 4.0000 11/30/2023 EUR 53.060
Vontobel Financial P 10.0000 3/24/2023 EUR 60.420
Vontobel Financial P 13.5000 3/24/2023 EUR 69.010
UniCredit Bank AG 4.4000 3/16/2026 EUR 63.310
Leonteq Securities A 17.0600 2/13/2023 USD 61.060
DZ Bank AG Deutsche 8.5000 3/22/2023 EUR 28.440
Leonteq Securities A 12.0000 5/11/2023 CHF 26.700
Corner Banca SA 14.0000 2/14/2023 CHF 64.200
DZ Bank AG Deutsche 7.4000 3/20/2023 EUR 71.710
DZ Bank AG Deutsche 4.9000 3/20/2023 EUR 52.120
DZ Bank AG Deutsche 4.7500 6/19/2023 EUR 69.850
EFG International Fi 11.0000 8/9/2023 CHF 59.050
Vontobel Financial P 14.0000 3/24/2023 EUR 24.800
Vontobel Financial P 19.0000 3/24/2023 EUR 62.280
Vontobel Financial P 16.0000 3/24/2023 EUR 66.810
Vontobel Financial P 15.0000 3/24/2023 EUR 72.940
Vontobel Financial P 20.0000 3/24/2023 EUR 64.300
Vontobel Financial P 16.0000 3/24/2023 EUR 70.510
Vontobel Financial P 18.5000 3/24/2023 EUR 66.200
Vontobel Financial P 17.0000 3/24/2023 EUR 68.260
Vontobel Financial P 21.0000 3/24/2023 EUR 62.460
Vontobel Financial P 22.5000 3/24/2023 EUR 60.800
Vontobel Financial P 15.0000 3/24/2023 EUR 69.620
Vontobel Financial P 17.5000 3/24/2023 EUR 64.550
Vontobel Financial P 5.0000 3/24/2023 EUR 72.560
Vontobel Financial P 7.0000 3/24/2023 EUR 68.020
Vontobel Financial P 8.0000 3/24/2023 EUR 65.840
Vontobel Financial P 11.5000 3/24/2023 EUR 60.270
Vontobel Financial P 13.0000 3/24/2023 EUR 58.620
UniCredit Bank AG 12.5500 6/1/2023 EUR 34.490
DZ Bank AG Deutsche 4.9000 6/19/2023 EUR 72.100
Vontobel Financial P 14.2500 3/24/2023 EUR 71.550
Nordea Bank Abp 2.0000 4/29/2027 SEK 62.820
Zurcher Kantonalbank 9.0000 4/5/2023 USD 61.850
Raiffeisen Schweiz G 15.0000 4/11/2023 CHF 58.910
UBS AG/London 17.4000 4/14/2027 SEK 70.250
DZ Bank AG Deutsche 8.2500 6/19/2023 EUR 54.190
Zurcher Kantonalbank 10.7000 4/4/2023 USD 58.980
Leonteq Securities A 16.0000 4/12/2023 CHF 59.190
EFG International Fi 7.8000 10/6/2023 USD 66.720
Corner Banca SA 10.0000 10/11/2023 USD 64.940
Leonteq Securities A 11.0000 10/11/2023 USD 69.880
SG Issuer SA 1.6000 4/21/2034 EUR 67.880
Zurcher Kantonalbank 14.0000 4/5/2023 CHF 68.220
Raiffeisen Schweiz G 8.0000 10/11/2023 CHF 64.520
Raiffeisen Schweiz G 13.5000 4/11/2023 CHF 55.000
Raiffeisen Schweiz G 10.0000 7/11/2023 CHF 45.540
Corner Banca SA 18.8000 3/28/2023 CHF 58.890
Landesbank Hessen-Th 1.5000 3/10/2037 EUR 68.800
Raiffeisen Schweiz G 7.9000 7/28/2023 CHF 61.820
Bank Vontobel AG 11.0000 1/29/2024 CHF 65.600
UBS AG/London 16.7500 3/2/2023 USD 68.500
UBS AG/London 9.2500 9/4/2023 EUR 65.400
Leonteq Securities A 15.0000 6/28/2023 USD 64.430
Raiffeisen Schweiz G 8.7000 12/28/2023 CHF 69.720
Zurcher Kantonalbank 18.0000 3/23/2023 CHF 67.580
DZ Bank AG Deutsche 10.5000 6/21/2023 EUR 58.620
Raiffeisen Schweiz G 16.5000 3/28/2023 CHF 70.050
Bank Julius Baer & C 15.2500 3/29/2023 CHF 36.300
UBS AG/London 12.7500 3/25/2024 CHF 68.300
UBS AG/London 14.0000 3/2/2023 CHF 57.500
Basler Kantonalbank 15.0000 5/24/2023 CHF 32.700
Leonteq Securities A 22.8000 2/15/2023 CHF 46.030
Leonteq Securities A 26.4000 2/14/2023 CHF 13.500
Credit Suisse AG/Lon 10.5000 3/21/2023 USD 68.780
Bank Julius Baer & C 12.4000 5/15/2023 CHF 47.050
Bank Vontobel AG 10.7500 2/12/2024 CHF 63.400
Banque International 10.0000 8/9/2023 CHF 55.890
Vontobel Financial P 3.5000 3/24/2023 EUR 65.890
Vontobel Financial P 7.5000 3/24/2023 EUR 56.890
Leonteq Securities A 20.0000 3/28/2023 USD 70.360
Raiffeisen Schweiz G 10.2000 8/11/2023 CHF 67.260
Vontobel Financial P 13.0000 3/24/2023 EUR 50.440
Vontobel Financial P 3.5000 7/3/2023 EUR 54.790
Leonteq Securities A 8.0000 5/17/2023 CHF 53.850
Leonteq Securities A 16.0000 9/26/2023 CHF 51.120
Landesbank Baden-Wue 4.0000 7/25/2025 EUR 38.020
Zurcher Kantonalbank 7.5000 4/13/2023 CHF 68.580
UBS AG/London 13.7500 4/17/2023 CHF 62.800
UBS AG/London 11.0000 10/13/2023 CHF 59.400
EFG International Fi 19.0000 4/19/2023 USD 69.060
Credit Suisse AG/Lon 10.8200 7/13/2023 CHF 62.670
Bank Vontobel AG 8.7500 4/17/2023 EUR 70.000
UBS AG/London 12.7500 4/13/2023 CHF 43.300
Vontobel Financial P 18.5000 9/22/2023 EUR 73.090
Vontobel Financial P 22.5000 6/23/2023 EUR 70.390
UBS AG/London 8.5000 9/29/2023 CHF 61.050
UBS AG/London 8.5000 9/29/2023 CHF 64.950
UBS AG/London 10.0000 3/29/2023 CHF 51.750
UBS AG/London 7.7500 9/29/2023 CHF 36.300
UBS AG/London 8.2500 10/20/2023 CHF 63.350
UBS AG/London 9.0000 7/21/2023 EUR 65.600
UBS AG/London 7.5000 3/1/2023 CHF 61.150
UBS AG/London 9.5000 2/27/2023 CHF 54.050
UBS AG/London 9.7500 2/20/2023 CHF 62.800
UBS AG/London 6.2500 8/18/2023 CHF 72.350
UBS AG/London 6.2500 8/18/2023 CHF 70.550
UBS AG/London 7.0000 7/21/2023 CHF 66.050
Zurcher Kantonalbank 8.2500 3/15/2023 EUR 55.900
UBS AG/London 6.7500 3/22/2023 CHF 62.500
UBS AG/London 10.5000 3/22/2023 USD 28.020
UBS AG/London 11.2500 3/1/2023 CHF 12.240
UBS AG/London 9.0000 3/1/2023 EUR 73.650
UBS AG/London 7.2500 9/8/2023 CHF 56.000
UBS AG/London 15.7500 3/9/2023 USD 43.350
UBS AG/London 8.0000 2/13/2023 CHF 65.750
UBS AG/London 9.5000 2/13/2023 CHF 68.200
UBS AG/London 8.0000 8/18/2023 USD 68.750
UBS AG/London 6.5000 3/8/2023 CHF 61.350
Zurcher Kantonalbank 9.7500 3/16/2023 CHF 58.460
UBS AG/London 7.2500 10/13/2023 CHF 68.150
UBS AG/London 7.0000 3/15/2023 CHF 56.650
UBS AG/London 15.2500 9/15/2023 USD 22.020
UBS AG/London 8.0000 3/22/2023 CHF 62.350
Bank Vontobel AG 13.5000 3/31/2023 CHF 44.800
UBS AG/London 10.5000 4/6/2023 CHF 32.950
UBS AG/London 7.5000 4/13/2023 CHF 57.700
UBS AG/London 7.0000 4/13/2023 CHF 63.700
UBS AG/London 13.2500 4/14/2023 USD 50.300
UBS AG/London 6.7500 4/6/2023 CHF 64.250
UBS AG/London 8.0000 10/6/2023 CHF 53.350
UBS AG/London 9.7500 4/6/2023 CHF 32.900
UBS AG/London 6.2500 8/18/2023 CHF 61.000
UBS AG/London 9.2500 2/27/2023 CHF 13.480
UBS AG/London 11.0000 2/27/2023 CHF 41.000
UBS AG/London 9.5000 2/27/2023 CHF 62.150
Bank Vontobel AG 7.2500 10/2/2023 CHF 59.500
UBS AG/London 8.7500 4/27/2023 CHF 72.200
UBS AG/London 8.0000 10/27/2023 CHF 72.200
UBS AG/London 9.7500 4/27/2023 USD 56.300
Landesbank Baden-Wue 2.0000 10/27/2023 EUR 75.190
EFG International Fi 9.8000 6/21/2023 EUR 19.080
Landesbank Hessen-Th 1.1000 7/23/2036 EUR 65.050
UBS AG/London 13.5000 4/13/2023 CHF 59.950
Landesbank Baden-Wue 3.2600 4/28/2023 EUR 69.480
Leonteq Securities A 9.9300 5/4/2023 USD 70.290
EFG International Fi 14.0000 7/26/2023 USD 57.930
Credit Agricole Corp 8.0400 5/18/2023 USD 32.850
DZ Bank AG Deutsche 8.5000 9/20/2023 EUR 39.640
Raiffeisen Switzerla 14.0000 7/25/2023 CHF 42.680
Bank Julius Baer & C 16.4000 7/26/2023 CHF 60.250
Bank Vontobel AG 11.0000 7/24/2023 CHF 61.000
UniCredit Bank AG 12.6000 8/25/2023 EUR 51.370
UniCredit Bank AG 14.3000 11/24/2023 EUR 48.550
Vontobel Financial P 7.0000 6/23/2023 EUR 71.320
UniCredit Bank AG 14.1000 2/24/2023 EUR 50.470
Landesbank Baden-Wue 5.1000 6/28/2024 EUR 50.490
Leonteq Securities A 9.0000 8/24/2023 CHF 69.280
Luzerner Kantonalban 15.7500 2/21/2023 CHF 65.320
Leonteq Securities A 12.0000 5/30/2023 CHF 69.100
Landesbank Baden-Wue 4.0000 6/28/2024 EUR 55.080
Landesbank Baden-Wue 7.0000 6/28/2024 EUR 46.280
Landesbank Baden-Wue 6.0000 1/26/2024 EUR 56.160
DZ Bank AG Deutsche 13.7000 6/23/2023 EUR 60.790
Bank Vontobel AG 8.2500 8/21/2023 CHF 71.900
Landesbank Baden-Wue 7.8000 1/26/2024 EUR 51.290
DZ Bank AG Deutsche 17.3000 3/24/2023 EUR 68.980
Raiffeisen Schweiz G 8.2500 10/4/2023 CHF 71.580
Raiffeisen Schweiz G 8.5000 7/5/2023 USD 70.610
Leonteq Securities A 8.0900 10/4/2023 CHF 44.770
Vontobel Financial P 17.0000 9/22/2023 EUR 73.460
Credit Suisse AG/Lon 14.7500 8/18/2023 USD 64.900
Bank Vontobel AG 7.5000 6/19/2023 CHF 70.400
Vontobel Financial P 18.5000 6/23/2023 EUR 72.400
Bank Vontobel AG 18.2500 1/5/2024 CHF 68.000
VTB Bank PJSC 0.0100 3/25/2026 RUB 70.520
DekaBank Deutsche Gi 3.2000 7/21/2025 EUR 70.180
Raiffeisen Schweiz G 9.5000 4/4/2023 CHF 66.060
Erste Group Bank AG 4.5000 11/2/2025 EUR #N/A N/A
Sberbank of Russia P 0.0100 10/5/2026 RUB 73.600
Sberbank of Russia P 0.0100 2/26/2027 RUB 69.600
EFG International Fi 10.0000 4/6/2023 CHF 69.080
Barclays Bank PLC 2.5500 6/19/2024 USD 71.777
Leonteq Securities A 26.4000 2/24/2023 CHF 13.120
BNP Paribas Emission 5.3000 9/1/2023 EUR 69.700
Sberbank of Russia P 0.0100 10/5/2028 RUB 62.900
Landesbank Hessen-Th 1.2500 11/10/2036 EUR 66.200
UBS AG/London 6.8000 6/15/2026 USD 61.740
DekaBank Deutsche Gi 4.0000 9/1/2025 EUR 30.920
Societe Generale SA 16.0000 8/30/2024 USD 20.135
Societe Generale SA 8.0000 8/16/2023 USD 35.900
UniCredit Bank AG 3.6000 9/2/2024 EUR 35.450
DekaBank Deutsche Gi 3.1000 8/30/2024 EUR 73.360
DekaBank Deutsche Gi 3.6500 8/30/2024 EUR 29.130
Sberbank of Russia P 0.0100 8/3/2028 RUB 62.000
Bank Vontobel AG 7.0000 2/5/2024 CHF 56.600
Sberbank of Russia P 0.0100 8/6/2026 RUB 74.600
BrokerCreditService 3.5000 4/30/2024 USD 53.000
BrokerCreditService 8.0000 1/30/2024 USD 62.170
DekaBank Deutsche Gi 4.5000 9/1/2023 EUR 23.330
UBS AG/London 8.0000 11/8/2023 USD 9.570
Landesbank Hessen-Th 1.5000 10/27/2036 EUR 61.100
Landesbank Baden-Wue 2.0000 8/22/2025 EUR 66.700
Landesbank Baden-Wue 4.0000 8/22/2025 EUR 53.100
Leonteq Securities A 8.0000 8/2/2023 CHF 56.220
Landesbank Baden-Wue 3.2500 8/22/2025 EUR 67.180
Raiffeisen Schweiz G 7.0000 9/20/2023 CHF 72.360
Corner Banca SA 15.0000 3/10/2023 CHF 43.130
Corner Banca SA 8.0000 12/13/2023 CHF 71.800
Bank Vontobel AG 5.0000 12/11/2023 CHF 73.000
Bank Vontobel AG 7.0000 12/11/2023 CHF 71.100
Bank Vontobel AG 9.0000 5/12/2023 CHF 61.300
Zurcher Kantonalbank 6.6000 11/8/2023 CHF 72.950
Zurcher Kantonalbank 7.0000 5/9/2023 CHF 56.540
Swissquote Bank SA 15.2000 6/13/2023 CHF 52.590
Banque Cantonale Vau 6.8500 6/7/2023 CHF 65.510
Leonteq Securities A 10.0000 3/10/2023 CHF 61.520
Bank Vontobel AG 10.0000 6/12/2023 CHF 17.300
Banque International 10.0000 5/16/2023 EUR 42.960
Raiffeisen Schweiz G 6.2000 11/15/2023 CHF 46.880
Raiffeisen Schweiz G 9.0000 5/12/2023 CHF 51.750
Raiffeisen Schweiz G 6.2000 11/15/2023 CHF 74.070
Raiffeisen Schweiz G 7.5000 11/15/2023 CHF 61.670
Raiffeisen Schweiz G 6.5000 11/15/2023 CHF 73.740
UniCredit Bank AG 11.0000 3/24/2023 EUR 42.870
Leonteq Securities A 15.0000 6/13/2023 CHF 52.680
Leonteq Securities A 7.0000 12/13/2023 CHF 67.390
Goldman Sachs Intern 0.0600 1/13/2025 EUR 59.050
Bank Vontobel AG 10.5000 6/30/2023 CHF 23.100
Leonteq Securities A 15.5000 6/13/2023 CHF 71.830
Swissquote Bank SA 25.0000 6/13/2023 CHF 56.510
UBS AG/London 8.7500 6/8/2023 CHF 71.350
UBS AG/London 18.5000 6/8/2023 USD 46.000
Landesbank Hessen-Th 1.5000 1/20/2037 EUR 65.300
Goldman Sachs Intern 0.0980 1/13/2025 EUR 24.610
Vontobel Financial P 4.2000 6/16/2023 USD 57.910
UBS AG/London 7.5000 5/3/2023 CHF 66.050
UBS AG/London 12.5000 6/8/2023 CHF 60.400
UBS AG/London 6.7500 6/8/2023 CHF 62.100
Credit Suisse AG/Lon 8.0000 3/2/2023 CHF 64.280
UBS AG/London 7.5000 6/8/2023 CHF 62.350
UBS AG/London 7.0000 1/26/2024 USD 59.450
ITK Holding zrt 2.9000 6/23/2031 HUF 62.800
UBS AG/London 7.0000 7/26/2023 CHF 49.750
UBS AG/London 6.0000 1/26/2024 CHF 71.150
UBS AG/London 9.5000 12/8/2023 USD 60.150
UBS AG/London 16.2500 5/3/2023 USD 47.800
UBS AG/London 8.5000 12/8/2023 EUR 72.150
UBS AG/London 9.0000 7/26/2023 CHF 35.150
UBS AG/London 7.7500 7/26/2023 CHF 67.350
UBS AG/London 9.7500 7/26/2023 CHF 35.500
UBS AG/London 7.5000 7/26/2023 CHF 67.300
UBS AG/London 5.2500 6/8/2023 CHF 61.600
DZ Bank AG Deutsche 6.5000 3/22/2023 EUR 67.150
SG Issuer SA 2.1000 12/27/2033 EUR 45.500
UBS AG/London 4.7500 7/26/2023 CHF 68.500
UBS AG/London 7.0000 1/26/2024 CHF 67.900
UBS AG/London 8.2500 7/26/2023 CHF 72.800
UBS AG/London 7.7500 12/8/2023 CHF 59.550
Bank Vontobel AG 15.0500 9/22/2023 CHF 66.000
Vontobel Financial P 17.5000 6/23/2023 EUR 38.580
DZ Bank AG Deutsche 21.5000 6/23/2023 EUR 55.060
DZ Bank AG Deutsche 17.6000 6/23/2023 EUR 16.780
DZ Bank AG Deutsche 15.3000 6/23/2023 EUR 71.920
Bank Vontobel AG 15.0000 5/23/2023 CHF 46.900
UniCredit Bank AG 7.4000 12/9/2024 EUR 66.740
Landesbank Baden-Wue 11.7500 11/24/2023 EUR 43.410
UBS AG/London 19.4000 3/28/2024 USD 5.456
UBS AG/London 8.5000 5/17/2023 CHF 71.900
UBS AG/London 8.0000 5/17/2023 CHF 32.150
UBS AG/London 8.2500 11/20/2023 USD 72.400
Credit Suisse AG/Lon 9.0000 11/27/2023 USD 55.800
UBS AG/London 12.0000 11/27/2023 CHF 53.100
UBS AG/London 17.7500 6/29/2023 CHF 61.900
UBS AG/London 16.2500 1/4/2024 CHF 62.150
Landesbank Baden-Wue 6.0000 11/24/2023 EUR 72.340
DZ Bank AG Deutsche 14.4000 6/23/2023 EUR 64.480
UBS AG/London 14.7500 11/27/2023 CHF 69.350
Raiffeisen Schweiz G 7.5000 3/17/2023 CHF 51.370
OR PJSC 11.0000 12/29/2024 RUB 4.980
EFG International Fi 4.7500 1/29/2024 USD 52.230
SG Issuer SA 1.2500 2/28/2033 EUR 60.520
UBS AG/London 14.0000 1/18/2024 USD 9.420
Raiffeisen Schweiz G 7.5000 3/17/2023 USD 48.150
Raiffeisen Schweiz G 9.0000 3/17/2023 CHF 64.790
Raiffeisen Schweiz G 7.0000 9/20/2023 CHF 60.870
UBS AG/London 10.2500 2/20/2023 EUR 71.550
UBS AG/London 10.0000 2/20/2023 EUR 28.060
UBS AG/London 7.5000 8/18/2023 CHF 54.100
Vontobel Financial P 13.0000 6/23/2023 EUR 63.980
UBS AG/London 6.5000 8/18/2023 CHF 71.550
Luzerner Kantonalban 6.4000 10/4/2023 CHF 72.830
UBS AG/London 6.0000 7/7/2023 EUR 61.950
UBS AG/London 9.7500 3/22/2023 CHF 32.200
UBS AG/London 9.2500 3/22/2023 CHF 53.600
UBS AG/London 14.7500 3/22/2023 USD 14.960
UBS AG/London 5.7500 8/4/2023 CHF 52.400
Vontobel Financial P 19.5000 9/22/2023 EUR 57.850
UBS AG/London 20.2500 3/1/2023 CHF 37.950
UBS AG/London 5.5000 9/1/2023 CHF 61.300
UBS AG/London 11.5000 3/1/2023 USD 57.950
UBS AG/London 9.0000 3/1/2023 CHF 67.800
UBS AG/London 9.7500 3/1/2023 CHF 12.160
UBS AG/London 10.2500 3/1/2023 CHF 56.800
UBS AG/London 7.0000 9/1/2023 CHF 32.350
UBS AG/London 5.0000 9/8/2023 CHF 59.100
Bank Vontobel AG 7.0000 3/24/2023 EUR 65.500
Bank Vontobel AG 16.2500 4/12/2023 CHF 50.700
UBS AG/London 9.2500 3/9/2023 USD 65.050
UBS AG/London 6.7500 9/8/2023 CHF 65.700
UBS AG/London 10.2500 3/9/2023 USD 27.260
UBS AG/London 7.5000 9/22/2023 CHF 69.700
UBS AG/London 9.2500 2/13/2023 CHF 15.320
UBS AG/London 7.7500 8/18/2023 CHF 62.200
Luzerner Kantonalban 9.7000 10/1/2024 CHF 64.900
UBS AG/London 10.7500 3/15/2023 CHF 13.200
UBS AG/London 4.0000 3/15/2023 CHF 64.650
UBS AG/London 10.7500 3/15/2023 USD 56.200
UBS AG/London 18.2500 3/15/2023 CHF 13.580
UBS AG/London 7.2500 9/22/2023 CHF 60.050
UBS AG/London 10.0000 3/22/2023 CHF 50.800
UBS AG/London 8.7500 3/15/2023 USD 51.750
Bank Vontobel AG 8.0000 3/6/2023 USD 58.600
Bank Vontobel AG 6.5000 2/27/2023 CHF 68.000
UBS AG/London 5.5000 7/28/2023 CHF 65.650
UBS AG/London 8.0000 7/28/2023 CHF 48.550
Zurcher Kantonalbank 11.0000 4/21/2023 CHF 68.210
UBS AG/London 7.7500 10/13/2023 CHF 35.750
UBS AG/London 8.7500 10/13/2023 CHF 64.450
UBS AG/London 9.5000 4/13/2023 EUR 66.450
UBS AG/London 7.5000 10/6/2023 CHF 66.700
Bank Vontobel AG 7.5000 10/30/2023 CHF 72.500
Bank Vontobel AG 15.0000 5/2/2023 CHF 50.100
UBS AG/London 8.7500 4/27/2023 CHF 62.650
Landesbank Baden-Wue 4.2500 10/27/2023 EUR 31.730
Landesbank Baden-Wue 3.0000 10/27/2023 EUR 70.120
Landesbank Baden-Wue 3.1000 10/27/2023 EUR 69.900
Landesbank Baden-Wue 2.2500 10/27/2023 EUR 70.640
Landesbank Baden-Wue 4.1000 7/28/2023 EUR 63.620
UBS AG/London 6.2500 4/14/2023 CHF 46.650
Bank Vontobel AG 8.0000 3/10/2023 CHF 55.600
Zurcher Kantonalbank 10.6000 3/9/2023 CHF 58.540
Zurcher Kantonalbank 8.0000 3/16/2023 CHF 64.110
UBS AG/London 5.5000 3/15/2023 EUR 40.150
UBS AG/London 7.7500 9/15/2023 CHF 69.850
UBS AG/London 12.0000 3/22/2023 CHF 12.140
Zurcher Kantonalbank 8.0000 4/5/2023 EUR 54.600
Leonteq Securities A 9.0000 5/2/2023 CHF 33.620
Bank Vontobel AG 6.5000 8/28/2023 CHF 63.900
Bank Vontobel AG 18.0000 2/28/2023 CHF 43.800
UBS AG/London 6.2500 7/28/2023 CHF 68.900
UBS AG/London 13.2500 4/6/2023 USD 59.700
UBS AG/London 14.7500 4/14/2023 USD 52.200
UBS AG/London 15.0000 4/14/2023 USD 73.300
UBS AG/London 13.2500 4/14/2023 USD 30.350
UBS AG/London 9.7500 4/6/2023 USD 13.580
UBS AG/London 13.7500 10/6/2023 USD 22.440
UBS AG/London 13.2500 4/6/2023 USD 65.850
UBS AG/London 5.5000 4/6/2023 CHF 65.700
UBS AG/London 21.2500 2/20/2023 CHF 3.440
UBS AG/London 7.7500 8/18/2023 CHF 65.950
UBS AG/London 8.2500 2/27/2023 CHF 65.800
UBS AG/London 9.0000 8/25/2023 USD 71.550
UBS AG/London 6.2500 2/27/2023 CHF 60.500
UBS AG/London 7.2500 2/27/2023 CHF 31.100
UBS AG/London 8.7500 2/27/2023 USD 48.850
UBS AG/London 8.7500 10/13/2023 CHF 57.650
UBS AG/London 10.2500 4/6/2023 USD 52.500
UBS AG/London 13.0000 4/6/2023 USD 44.800
UBS AG/London 9.2500 3/29/2023 USD 58.550
UBS AG/London 5.7500 9/29/2023 CHF 63.750
UBS AG/London 8.5000 3/29/2023 CHF 34.050
Bank Vontobel AG 7.5000 4/24/2023 CHF 60.900
Bank Vontobel AG 10.0000 3/6/2023 CHF 57.400
Bank Vontobel AG 9.0000 3/6/2023 CHF 49.300
Bank Vontobel AG 6.0000 9/4/2023 CHF 59.000
Bank Vontobel AG 13.7500 3/6/2023 EUR 25.700
UBS AG/London 7.2500 4/27/2023 CHF 64.400
Landesbank Baden-Wue 2.5000 10/27/2023 EUR 59.990
Landesbank Baden-Wue 5.2500 10/27/2023 EUR 66.830
Landesbank Baden-Wue 8.0000 10/27/2023 EUR 57.780
Bank Vontobel AG 6.0080 4/11/2023 EUR 67.900
Landesbank Baden-Wue 3.1000 10/27/2023 EUR 60.990
Landesbank Baden-Wue 4.3500 10/27/2023 EUR 75.080
Landesbank Baden-Wue 7.3500 10/27/2023 EUR 65.740
Landesbank Baden-Wue 8.2000 7/28/2023 EUR 49.730
Bank Vontobel AG 7.5000 5/2/2023 CHF 69.200
UBS AG/London 7.0000 10/27/2023 CHF 34.000
UBS AG/London 9.2500 4/27/2023 CHF 55.200
UBS AG/London 9.5000 4/27/2023 USD 50.850
Bank Julius Baer & C 8.1000 4/20/2023 USD 68.150
Landesbank Baden-Wue 3.2500 10/27/2023 EUR 68.150
Landesbank Baden-Wue 6.2000 10/27/2023 EUR 28.660
Landesbank Baden-Wue 4.2500 10/27/2023 EUR 65.780
Leonteq Securities A 9.0000 4/21/2023 USD 52.810
Landesbank Baden-Wue 4.3000 10/27/2023 EUR 66.110
Landesbank Baden-Wue 4.8000 10/27/2023 EUR 70.970
UBS AG/London 5.0000 4/14/2023 CHF 66.550
UBS AG/London 11.2500 4/14/2023 CHF 50.300
Corner Banca SA 10.0000 5/2/2023 EUR 40.490
Leonteq Securities A 12.0000 5/2/2023 CHF 59.810
Sberbank of Russia P 0.0100 11/2/2026 RUB 69.000
Raiffeisen Schweiz G 10.0000 5/1/2023 USD 55.310
Landesbank Baden-Wue 8.2000 10/27/2023 EUR 69.650
Landesbank Baden-Wue 7.6000 10/27/2023 EUR 27.380
Landesbank Baden-Wue 9.0000 10/27/2023 EUR 26.470
Landesbank Baden-Wue 6.5000 10/27/2023 EUR 61.880
Raiffeisen Switzerla 6.5000 4/12/2023 CHF 47.620
Basler Kantonalbank 7.6000 4/13/2023 CHF 53.940
Bank Vontobel AG 5.0048 10/9/2023 CHF 53.500
UBS AG/London 12.7500 4/14/2023 CHF 37.400
Raiffeisen Schweiz G 12.2500 5/2/2023 CHF 26.340
Raiffeisen Schweiz G 6.0000 11/1/2023 CHF 65.640
Bank Vontobel AG 6.5000 10/2/2023 CHF 71.300
Leonteq Securities A 12.0000 4/24/2023 USD 59.770
Landesbank Baden-Wue 4.7000 10/27/2023 EUR 55.630
Landesbank Baden-Wue 3.5000 10/27/2023 EUR 49.080
Landesbank Baden-Wue 9.2500 10/27/2023 EUR 59.670
Landesbank Baden-Wue 11.5000 7/28/2023 EUR 44.090
Sberbank of Russia P 0.0100 1/15/2027 RUB 67.100
UBS AG/London 9.0000 4/14/2023 CHF 47.100
Leonteq Securities A 9.0000 11/1/2023 CHF 65.030
Basler Kantonalbank 7.0000 11/10/2023 CHF 73.130
Basler Kantonalbank 10.0000 5/10/2023 CHF 71.070
Leonteq Securities A 14.0000 4/21/2023 CHF 49.990
Leonteq Securities A 13.0000 4/21/2023 CHF 63.310
Societe Generale SA 15.0000 5/31/2024 USD 44.400
Vontobel Financial P 15.0000 3/24/2023 EUR 68.710
Raiffeisen Schweiz G 9.0000 8/4/2023 CHF 68.230
Vontobel Financial P 14.5000 3/24/2023 EUR 53.110
Vontobel Financial P 12.5000 3/24/2023 EUR 56.360
Vontobel Financial P 6.5000 3/24/2023 EUR 68.380
Vontobel Financial P 8.5000 3/24/2023 EUR 63.800
Vontobel Financial P 10.0000 3/24/2023 EUR 59.570
Vontobel Financial P 16.5000 3/24/2023 EUR 50.640
UBS AG/London 6.5000 8/23/2023 CHF 72.250
UBS AG/London 18.0000 2/23/2023 CHF 64.300
UBS AG/London 8.2500 8/23/2023 CHF 59.900
UBS AG/London 14.5000 2/24/2023 USD 73.300
UBS AG/London 13.7500 2/23/2023 CHF 57.250
UBS AG/London 11.7500 8/23/2023 CHF 39.550
UBS AG/London 10.0000 8/23/2023 CHF 58.300
UBS AG/London 12.5000 2/23/2023 CHF 58.600
UBS AG/London 13.5000 2/23/2023 CHF 70.500
Basler Kantonalbank 19.0000 2/16/2023 CHF 49.160
Vontobel Financial P 14.5000 3/24/2023 EUR 72.810
Vontobel Financial P 16.0000 3/24/2023 EUR 70.370
SG Issuer SA 6.0200 1/20/2024 SEK 73.010
SG Issuer SA 6.5000 1/20/2025 SEK 73.920
SG Issuer SA 8.4100 1/20/2027 SEK 61.390
Bank Vontobel AG 7.5000 2/5/2024 CHF 71.200
Bank Vontobel AG 10.7500 5/8/2023 CHF 62.400
Vontobel Financial P 10.5000 3/24/2023 EUR 61.920
Vontobel Financial P 9.0000 3/24/2023 EUR 63.760
Vontobel Financial P 14.0000 3/24/2023 EUR 57.230
Vontobel Financial P 11.0000 3/24/2023 EUR 64.800
Vontobel Financial P 10.0000 3/24/2023 EUR 66.870
Vontobel Financial P 14.0000 3/24/2023 EUR 61.130
Vontobel Financial P 12.5000 3/24/2023 EUR 62.910
Vontobel Financial P 17.5000 3/24/2023 EUR 66.920
Vontobel Financial P 23.5000 3/24/2023 EUR 56.020
Vontobel Financial P 20.5000 3/24/2023 EUR 60.920
Vontobel Financial P 7.5000 3/24/2023 EUR 71.560
Vontobel Financial P 8.5000 3/24/2023 EUR 68.970
Vontobel Financial P 16.0000 3/24/2023 EUR 64.160
Vontobel Financial P 10.0000 3/24/2023 EUR 46.970
Vontobel Financial P 10.5000 3/24/2023 EUR 75.120
Vontobel Financial P 12.5000 3/24/2023 EUR 71.660
Vontobel Financial P 16.0000 3/24/2023 EUR 67.120
Vontobel Financial P 13.5000 3/24/2023 EUR 70.060
Vontobel Financial P 11.5000 3/24/2023 EUR 73.350
Sberbank of Russia P 0.0100 2/4/2027 RUB 69.100
Bank Julius Baer & C 7.2500 5/5/2023 EUR 43.000
Zurcher Kantonalbank 5.1000 1/31/2025 CHF 51.110
Landesbank Hessen-Th 1.0000 3/9/2037 EUR 66.700
Credit Suisse AG/Lon 9.0000 5/2/2023 CHF 37.580
Vontobel Financial P 7.5000 3/24/2023 EUR 63.950
Vontobel Financial P 10.0000 3/24/2023 EUR 55.140
Vontobel Financial P 6.0000 3/24/2023 EUR 54.690
Raiffeisen Bank Inte 7.5000 2/7/2024 EUR 72.460
Raiffeisen Switzerla 9.3000 8/4/2023 USD 62.380
Bank Vontobel AG 12.2500 8/4/2023 EUR 31.000
Sberbank of Russia P 0.0100 2/1/2029 RUB 69.700
Vontobel Financial P 13.0000 2/13/2023 EUR 74.370
Leonteq Securities A 9.0000 8/7/2023 CHF 40.060
Vontobel Financial P 9.0000 3/24/2023 EUR 55.030
Raiffeisen Schweiz G 14.5000 5/9/2023 CHF 62.960
Leonteq Securities A 8.0000 11/8/2023 CHF 64.830
DZ Bank AG Deutsche 6.2500 3/22/2023 EUR 73.320
Luzerner Kantonalban 10.0500 5/4/2023 CHF 71.190
Leonteq Securities A 7.0000 5/9/2023 CHF 72.640
Landesbank Baden-Wue 4.1000 3/22/2024 EUR 71.340
UBS AG/London 7.6400 4/20/2026 SEK 65.680
Leonteq Securities A 6.0000 11/8/2023 CHF 74.450
Erste Group Bank AG 6.5000 12/1/2026 EUR 61.850
UBS AG/London 5.7500 5/10/2023 EUR 62.050
UBS AG/London 7.2500 11/10/2023 CHF 54.600
UBS AG/London 6.7500 5/10/2023 CHF 69.150
DZ Bank AG Deutsche 14.4000 3/24/2023 EUR 72.870
UBS AG/London 10.7500 5/10/2023 USD 58.950
DZ Bank AG Deutsche 6.6000 6/19/2023 EUR 71.900
Raiffeisen Schweiz G 9.0000 11/8/2023 USD 69.870
UBS AG/London 7.5000 11/3/2023 CHF 69.350
Leonteq Securities A 9.2600 5/9/2023 CHF 68.300
UBS AG/London 9.5000 11/8/2023 USD 4.328
UBS AG/London 6.2500 11/10/2023 CHF 63.850
UBS AG/London 9.7500 5/10/2023 USD 54.200
UBS AG/London 9.5000 5/10/2023 CHF 45.350
UBS AG/London 6.5000 5/10/2023 CHF 69.100
UBS AG/London 7.8500 11/2/2023 USD 57.600
UBS AG/London 4.6500 10/31/2023 USD 8.920
Sberbank of Russia P 0.0100 11/2/2028 RUB 70.100
UBS AG/London 6.5000 5/3/2023 CHF 71.100
UBS AG/London 5.7500 5/3/2023 CHF 30.000
Raiffeisen Schweiz G 15.0000 5/9/2023 CHF 70.090
Societe Generale SA 24.0000 11/8/2024 USD 53.400
Societe Generale SA 7.5000 11/3/2026 USD 8.160
DekaBank Deutsche Gi 4.0000 11/8/2024 EUR 71.650
UBS AG/London 7.2500 5/3/2023 EUR 66.800
Sberbank of Russia P 0.0100 11/3/2026 RUB 69.500
UBS AG/London 7.2500 11/3/2023 CHF 56.000
Raiffeisen Bank Inte 8.0000 4/8/2024 EUR 66.580
Credit Suisse AG/Lon 10.5000 5/25/2023 EUR 75.250
Bank Julius Baer & C 8.5000 3/3/2023 USD 64.800
Landesbank Baden-Wue 5.6000 3/22/2024 EUR 60.920
Landesbank Baden-Wue 5.0000 4/28/2023 EUR 73.440
Bank Julius Baer & C 13.0000 3/3/2023 USD 74.850
Credit Suisse AG/Lon 12.0000 2/27/2023 CHF 68.430
DekaBank Deutsche Gi 3.3000 4/28/2023 EUR 67.920
Credit Suisse AG/Lon 8.7500 5/25/2023 CHF 71.460
Bank Julius Baer & C 12.8600 4/21/2023 CHF 59.550
Bank Julius Baer & C 14.6000 4/19/2023 USD 66.950
EFG International Fi 15.0000 4/21/2023 CHF 68.690
Vontobel Financial P 17.0000 6/23/2023 EUR 56.640
Vontobel Financial P 17.0000 6/23/2023 EUR 67.180
Vontobel Financial P 17.0000 3/24/2023 EUR 66.550
Vontobel Financial P 21.5000 3/24/2023 EUR 72.770
Vontobel Financial P 13.0000 3/24/2023 EUR 71.950
UniCredit Bank AG 1.5500 7/18/2031 EUR 73.090
Bank Vontobel AG 15.0000 7/21/2023 CHF 61.400
*********
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 2023. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The TCR Europe subscription rate is US$775 per half-year,
delivered via e-mail. Additional e-mail subscriptions for
members of the same firm for the term of the initial subscription
or balance thereof are US$25 each. For subscription information,
contact Peter Chapman at 215-945-7000.
* * * End of Transmission * * *