/raid1/www/Hosts/bankrupt/TCREUR_Public/150427.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Monday, April 27, 2015, Vol. 16, No. 81
Headlines
A U S T R I A
CARINTHIA: Seeks Financial Support Over Hypo Debt Woes
B U L G A R I A
CORPORATE COMMERCIAL: Central Bank to Challenge Insolvency Ruling
G E O R G I A
PARTNERSHIP FUND: Fitch Affirms 'BB-' LT Issuer Default Rating
G R E E C E
GREECE: Must Reach Reform Deal by Early May, EU Mulls Plan B
SEANERGY MARITIME: E&Y Expresses Going Concern Doubt
I R E L A N D
CARLYLE INSTITUTE: Judge Appoints Provisional Liquidator
K A Z A K H S T A N
KAZTRANSGAS: S&P Affirms 'BB+' CCR, Outlook Negative
KAZTRANSOIL: S&P Affirms 'BB+' CCR, Outlook Negative
L U X E M B O U R G
ONEX WIZARD: Moody's Assigns B1 Ratings to Sr. Secured Term Loans
N E T H E R L A N D S
DUCHESS IV CLO: S&P Raises Rating on Class E Notes to 'B+'
JUBILEE CLO 2015-XV: Moody's Rates EUR27MM Class E Notes (P)Ba2
JUBILEE CLO 2015-XV: S&P Assigns Prelim. B- Rating to Cl. F Notes
N O R W A Y
CECON ASA: Seeks Bankruptcy After Failure to Present Plan
P O R T U G A L
BANCO ESPIRITO: Goldman Sachs Dispute May Disrupt Novo Banco Sale
R U S S I A
BORETS INTERNATIONAL: Moody's Alters Outlook on B1 CFR to Stable
RUSSIA: Fitch Cuts Insurer Financial Strength Rating to 'B-'
TAURUS BANK: Bank of Russia Revokes Banking License
S L O V A K R E P U B L I C
VAHOSTAV-SK: Government Passes Insolvency Law Amendment
S W I T Z E R L A N D
MYMETICS CORP: Auditor Expresses Going Concern Doubt
U N I T E D K I N G D O M
ALBA 2015-1: S&P Assigns 'BB' Rating to Class E Notes
SOUTHERN PACIFIC 05-3: Moody's Lifts Ratings on 2 Notes to Caa2
X X X X X X X X
* BOND PRICING: For the Week April 20, 2015 to April 24, 2015
*********
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A U S T R I A
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CARINTHIA: Seeks Financial Support Over Hypo Debt Woes
------------------------------------------------------
Angelika Gruber at Reuters reports that the home province of
defunct lender Hypo Alpe Adria, Carinthia, is asking Vienna for
financial support, saying it will run out of money by the
beginning of June without external help.
Carinthia provided debt guarantees for years to fuel Hypo's rapid
expansion before the practice was stopped in 2007, but the last
ones do not expire until around 2017, Reuters recounts.
With an annual budget of EUR2.2 billion (US$2.36 billion),
Carinthian officials have said the province cannot honor nearly
EUR11 billion of backing for Hypo debt that creditors facing a
"haircut" could demand, Reuters relates.
Adding to the province's woes, ratings agency Moody's downgraded
Carinthia last month to one notch above junk grade, making it
more difficult to borrow in the open markets, Reuters discloses.
According to Reuters, a spokeswoman for the province said in the
current financial year, Carinthia needs EUR340 million and is
hoping for loans from the capital.
No Austrian province has ever gone bankrupt and there is no
legislation on how to handle such an event, Reuters notes.
It was unclear whether Carinthia would tap around half a billion
euros from the sale of Hypo before its nationalization in 2009
which is parked in a so-called "future fund", Reuters states.
Austria is winding down what is left of Hypo, but regulators last
month took control of the Heta "bad bank" managing this and
imposed a debt repayment moratorium after an audit found
writedown needs that blew a hole in its balance sheet, Reuters
recounts.
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B U L G A R I A
===============
CORPORATE COMMERCIAL: Central Bank to Challenge Insolvency Ruling
-----------------------------------------------------------------
Tsvetelia Tsolova at Reuters reports that the Bulgarian central
bank said it will challenge a court decision setting the date of
insolvency of Corporate Commercial Bank (Corpbank), which could
be important to recovering assets.
The Balkan country is preparing to collect the bank's assets and
pay back its creditors, Reuters discloses. The state is
Corpbank's biggest creditor as it paid more than BGN3.5 billion
(US$1.9 billion) of guaranteed deposits to the lender's clients,
Reuters notes.
The date of insolvency is important because of deals that were
done after June and which allowed creditors to recover some of
their money when large unsecured depositors sold their deposits
to them at a discount, Reuters says. Those deals could have hurt
the rights of creditors that will be first in line in bankruptcy
proceedings, Reuters states.
A Bulgarian court declared Corpbank bankrupt last week and said
the lender was insolvent since Nov. 6, when the central bank
revoked its license, Reuters relates.
The central bank however said the insolvency of the bank became
obvious with the financial reports of the lender at the end of
September, Reuters relays.
"The central bank position is that the initial date of the
insolvency should be set as of Sept. 30, when Corporate
Commercial Bank reported negative own capital and negative
capital adequacy," Reuters quotes the bank as saying in a
statement.
About Corporate Commercial Bank AD
Corporate Commercial Bank AD is the fourth largest bank in
Bulgaria in terms of assets, third in terms of net profit, and
first in terms of deposit growth.
Bulgaria's central bank placed Corpbank under its administration
and suspended shareholders' rights in June 2014 after a run
drained the bank of cash to meet client demands.
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G E O R G I A
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PARTNERSHIP FUND: Fitch Affirms 'BB-' LT Issuer Default Rating
--------------------------------------------------------------
Fitch Ratings has revised the Outlook on Georgia's JSC
Partnership Fund's (PF) Long-Term foreign and local currency
Issuer Default Ratings (IDR) to Stable from Positive and affirmed
the IDRs at 'BB-'. The agency has also affirmed the company's
Short-term local currency IDR at 'B'.
The revision of the Outlook follows the revision of the Outlook
on Georgia. PF's ratings are credit linked to the sovereign.
KEY RATING DRIVERS
The affirmation reflects the equalization of PF's ratings with
those of Georgia (BB-/Stable/B). Fitch uses its public sector
entities methodology and applies a top-down approach in its
analysis of PF. The Georgian government's ability and intent to
support the fund's potential issued or guaranteed debt remains a
key factor in determining rating equalization with the sovereign.
Fitch views the fund as an entity of strategic importance for the
Georgian government and factors in its strong integration with
the sovereign, including timely support if needed. While the
Georgian government remains committed to boosting economic growth
via the promotion of large-scale infrastructure projects, Fitch
believes the fund will remain a significant player in
facilitating investments, particularly in the energy sector.
PF is 100% owned by the state and its mandate is to oversee key
national infrastructure corporations. The state endowed PF with
100% stakes in Georgian Railway (BB-/Stable), JSC Georgian Oil
and Gas Corporation (GOGC, BB-/Positive), JSC Georgian State
Electrosystem, and JSC Electricity System Commercial Operator.
Another of PF's mandates is to develop private equity investments
in viable economic projects generating positive economic returns.
The private equity market is currently undeveloped in Georgia,
limiting the country's growth potential. PF targets profitable
projects in several key areas -- agriculture, manufacturing, real
estate and energy.
The fund's supervisory board is chaired by the Georgian prime
minister and composed of five leading cabinet members and four
independent directors. In Fitch's view, blending a corporate
structure with strong state control should ensure the fund's
accountability to Georgia's government, and hence its adherence
to mandated policy objectives, as well as adding investment
expertise.
PF's only debt is a loan from its subsidiary (USD50 million),
GOGC. PF has used the loan to invest in the equity of Gardabani
TPP SPV, which is expected to be commissioned in 2H15.
RATING SENSITIVITIES
Any positive rating action on Georgia, coupled with continued
support from the state, would be rating positive, as PF is credit
linked to the sovereign.
Weaker links with the state would be rating negative, although
Fitch currently views this as unlikely. A downgrade of Georgia
would also be negative.
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G R E E C E
===========
GREECE: Must Reach Reform Deal by Early May, EU Mulls Plan B
------------------------------------------------------------
Angeliki Koutantou at Reuters reports that Deputy Prime Minister
Yannis Dragasakis said in an interview with a Greek newspaper
published on April 25 Greece and its lenders must reach a reform
deal by early May to address Greece's need for cash.
Shut out of international markets and locked in talks with its
European Union and International Monetary Fund creditors over its
proposed reform-for-cash deal, Greece risks running out of cash
within weeks, Reuters relates.
Athens must pay the International Monetary Fund almost EUR1
billion (US$1.1 billion) in May, according to Reuters. Greece
has expressed it wants to honor its obligations and needs lenders
to offer something in return, Reuters relays.
"There is clearly a potential and an imperative need for an
interim deal to be concluded in the first days of May, if not
within April," Mr. Dragasakis, as cited by Reuters, said in an
interview with Avgi newspaper, the mouthpiece of the leftist
government of Alexis Tsipras.
"We are mainly requesting that the current liquidity problem be
recognized as a problem of common responsibility and that it be
jointly addressed," Reuters quotes Mr. Dragasakis as saying.
"Otherwise, the country's ability to smoothly service its
external obligations would be in an ever growing contrast to
Greek people's survival."
Tensions with lenders and slow progress have prompted speculation
that the government may be forced to call a snap election or a
referendum if Greece fails to reach agreement with its lenders,
Reuters discloses. But the government has ruled out such an
option for now, according to Reuters.
Plan B
According to The Wall Street Journal's Gabriele Steinhauser, some
eurozone finance ministers on April 25 acknowledged for the first
time that they are considering plans on what to do if no deal on
Greece's future financing can be reached by the end of June.
The statements by the finance ministers of Slovenia and Germany
break a long-held taboo during eurozone crisis talks, where
policy makers have been insisting that they are entirely focused
on keeping Greece in the currency union with the help of more
bailout loans, The Journal states. Yet, with the country's
existing EUR240 billion (US$261 billion) bailout deal expiring at
the end of June, and technical discussions on future support all
but stuck despite big debt repayments looming in July and August,
some politicians are starting to look at alternative scenarios,
The Journal relays.
Slovenia's finance minister confirmed that he raised the issue of
a "Plan B" during the April 24 meeting with his eurozone
counterparts, also known as the Eurogroup, The Journal relates.
"What my discussion was about is what we will do if . . . the new
program will not be achieved in time for Greece to be able to
finance itself and improve liquidity," The Journal quotes
Dusan Mramor as saying on April 25.
SEANERGY MARITIME: E&Y Expresses Going Concern Doubt
----------------------------------------------------
Seanergy Maritime Holdings Corp. filed with the Securities and
Exchange Commission its annual report on Form 20-F, disclosing
that the Company has acquired one vessel after the Company
disposed of its entire fleet of vessels to repay debt.
Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2014, citing that following the disposal of the Company's entire
fleet in early 2014 in the context of its restructuring plan, the
Company was unable to generate sufficient cash flow to meet its
obligations and sustain its continuing operations that raise
substantial doubt about the Company's ability to continue as a
going concern.
The Company disclosed net income of US$80.3 million on US$2.01
million of net vessel revenue for the year ended Dec. 31, 2014,
compared with net income of US$10.9 million on US$23.1 million of
net vessel revenue for the year ended Dec. 31, 2013.
Income reported during 2014 was mainly on account of an US$85.6
million gain from the restructuring, while a US$25.7 million gain
on disposal of subsidiaries contributed to the income in 2013.
Since August 2012, the Company has been engaged in restructuring
discussions with lenders to finalize the satisfaction and release
of its obligations under certain of the Company's loan facility
agreements and the amendment of the terms of certain of its loan
facility agreements. Since Jan. 1, 2012, the Company has sold
all 20 of its vessels, in some cases, by transferring ownership
of certain of its vessel-owning subsidiaries to third parties
nominated by its lenders in connection with the Company's
restructuring. At present, the Company owns one vessel, the M/V
Leadership.
On Nov. 9, 2012, the Company entered into an agreement with
I.M.I. Holdings Corp., or IMI, a company controlled by members of
the Restis family, to sell its 100% ownership interest in Bulk
Energy Transport (Holdings) Limited ("BET"), for a nominal cash
consideration of US$1.00. In addition, the Company released BET
from all of its obligations and liabilities towards the Company,
which accrued to US$3.5 million as of the date of sale.
On January 29, 2013, the Company closed the sale of the four MCS
subsidiaries which owned the vessels Fiesta, Pacific Fantasy,
Pacific Fighter and Clipper Freeway, financed under the facility
agreement with DVB, to a third party entity nominated by DVB. In
exchange for the sale, US$31.9 million of outstanding debt as of
Dec. 31, 2012 and all the liabilities and obligations under its
facility agreement with DVB were discharged and the guarantee
provided by MCS was fully released. In connection with the sale
of these subsidiaries, the board of directors obtained a fairness
opinion from an independent third party.
On July 19, 2013, MCS sold its 100% ownership interest in the
three subsidiaries that owned the Handysize dry bulk carriers
African Joy, African Glory and Asian Grace. The buyer was a
third-party nominee of the lenders under the senior and the
subordinated credit facility with United Overseas Bank Limited,
or UOB.
As of Dec. 31, 2014, the Company had US$3.26 million in total
assets, US$592,000 in total liabilities, and US$2.67 million in
total stockholders' equity.
On April 10, 2013, the Company sold the African Oryx. Gross
proceeds amounted to US$4.1 million and were used to repay debt.
On Feb. 12, 2014, the Company entered into a delivery and
settlement agreement with Piraeus Bank for the sale of the
Company's four remaining vessels, to a nominee of the lender, in
exchange for a nominal cash consideration and full satisfaction
of the underlying loan. On March 6, 2014 the Company sold the
Davakis G., on March 7, 2014 the Company sold the Hamburg Max, on
March 10, 2014 the Company sold the Bremen Max and on March 11,
2014 we sold the Delos Ranger. On March 11, 2014, following the
closing of the transaction, approximately US$146 million of
outstanding debt and accrued interest were discharged and the
guarantee provided by the Company has been fully released.
Furthermore, on March 5, 2014, the Company entered into an
agreement with its technical management company, EST, and its
commercial manager, Safbulk Pty, in exchange of a full and
complete release of all their claims upon the completion of the
delivery of the last four remaining vessels and settlement
agreement with Piraeus Bank. The transaction was completed
successfully on March 11, 2014 and total liabilities amounting to
US$9.8 million were released.
On March 19, 2015, the Company acquired a 2001 Capesize, 171,199
DWT vessel, which was renamed M/V Leadership, from an
unaffiliated third party. The acquisition of the vessel was
financed by (i) a convertible promissory note dated March 12,
2015 of US$4 million from an entity affiliated with one of the
Company's major shareholders, Jelco, (ii) a loan agreement dated
March 06, 2015 of US$8.75 million with Alpha Bank A.E., or Alpha
Bank, and (iii) a share purchase agreement dated March 12, 2015
of US$4.5 million from Jelco in exchange for the issuance of
25,000,500 newly issuance shares of the Company's common stock.
This acquisition was made pursuant to the terms and conditions of
a memorandum of agreement among, Leader Shipping Co., or Leader,
the Company's wholly owned subsidiary, and a third party seller,
between the Company's vessel-owning subsidiary and the seller,
dated December 23, 2014. On March 19, 2015, the Company took
delivery of the M/V Leadership.
A full-text copy of the Form 20-F is available for free at:
http://is.gd/15Plfm
About Seanergy
Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities. The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels. Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.
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I R E L A N D
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CARLYLE INSTITUTE: Judge Appoints Provisional Liquidator
--------------------------------------------------------
Irish Examiner reports that Mr. Justice Paul Gilligan appointed
insolvency practitioner Declan de Lacy of PKF O'Connor Leddy &
Holmes as provisional liquidator of The Carlyle Institute Ltd.,
which ceased operations earlier this month.
The judge made the appointment, on an ex parte basis after being
told many of the college's former students have concerns about
the conduct of the company, Irish Examiner relates.
Ching-Hsiu Huang, of Killiney, Co Dublin, petitioned the court
for Mr. De Lacy's appointment, Irish Examiner relays. She is one
of 200 students who paid fees to the college, Irish Examiner
notes. In an affidavit, she said she is owed EUR1,500 in respect
of fees paid to the company, Irish Examiner discloses.
According to Irish Examiner, on April 23, her lawyers said they
wanted Mr. de Lacy appointed in order to secure the company's
assets and to fully investigate its affairs.
In a sworn statement, David Moore of ICOS said that, in the
circumstances, it was impossible for ICOS to have confidence in
the potential outcome of any ballot of creditors in respect of
who is selected as liquidator taken at the creditors meeting on
April 23, Irish Examiner discloses. Student creditors of the
company had signed what they believed were refund applications
but were in fact proxy forms which could be used by the directors
when it came to the creditors ballot for who is elected as the
company liquidator, Irish Examiner states.
The matter will come back before the court later this month,
Irish Examiner says.
The Carlyle Institute Ltd. is a Dublin-based college that English
language and business courses to mainly non-EU students.
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K A Z A K H S T A N
===================
KAZTRANSGAS: S&P Affirms 'BB+' CCR, Outlook Negative
----------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB+' long-term
corporate credit ratings on Kazakh gas utility company
KazTransGas (KTG) and its 100% owned gas pipeline operator
Intergas Central Asia JSC (ICA). The outlook is negative.
S&P also affirmed the 'BB+' rating on the senior unsecured debt
of ICA.
The rating action reflects S&P's view that KTG has a stand-alone
credit profile (SACP) of 'bb', has a moderately strategic status
in the KazMunayGas (KMG) group, and enjoys a "moderately high"
likelihood of timely and sufficient extraordinary government
support from the government of Kazakhstan.
S&P assumes, however, that in case of financial stress, any
extraordinary support to KTG would likely come directly from the
government. Therefore, S&P bases the corporate credit rating on
KTG on its SACP plus uplift for potential government support,
capped at the rating level of the parent company.
In accordance with S&P's criteria for government-related entities
(GREs), its view of a "moderately high" likelihood of
extraordinary government support is based on S&P's assessment of
KTG's:
-- "Important" role for Kazakhstan, given its strategic
importance as the monopoly gas supplier in the service
area, and ICA's status as the national trunk gas pipeline
operator; and
-- "Strong" link with the government via full ownership of KTG
by its parent, 100% state-owned oil and gas champion KMG.
S&P equalizes the ratings on ICA with those on KTG, reflecting
the overall creditworthiness of the KTG group. The consolidated
approach reflects the companies' close integration, KTG's 100%
ownership of ICA and other major subsidiaries, financial
guarantees on much of the group's debt issued by ICA and KTG,
large intragroup cash flows, and an absence of effective
subsidiary ring fencing.
S&P bases its view of KTG's SACP as 'bb' on its "fair" business
risk profile, "intermediate" financial risk profile, and
"negative" financial policy.
KTG's "fair" business risk profile is supported by the stable and
regulated nature of the gas transportation business and ship-or-
pay terms until the end of 2015 in the gas transportation
contract with Russian energy major Gazprom. It is constrained by
the company's exposure to high country risk, heavy dependence on
Gazprom in its gas transportation and sales activities, an aged
asset base, potential competition from alternative gas export
pipelines transporting Central Asian gas, and untransparent
retail gas tariff regulation in Kazakhstan.
KTG's financial risk profile is "intermediate," in S&P's view,
supported by moderate debt levels and resulting in the ratio of
debt to EBITDA not higher than 3x and funds from operations (FFO)
to debt of at least 30% in S&P's base-case projections for 2015-
2016. It is constrained by continued ambitious planned
investments in gas transmission and distribution, rising cash
flow volatility, and exposure to foreign currency risk. However,
the foreign currency risk is mitigated to some extent because
much of KTG's revenues are U.S. dollar denominated. S&P assigns
a "negative" financial policy modifier because it thinks the
financial policy framework allows KTG to take a more leveraged
position than S&P currently expects, primarily on the back of
higher investment needs.
The negative outlook mirrors that on KTG's immediate parent, KMG.
In accordance with S&P's group rating methodology, it currently
caps the rating on KTG by the rating on KMG, so a negative rating
action on the parent would lead to a similar rating action on
KTG, all else being equal.
S&P thinks pressure on KTG's credit profile also could result
from a more aggressive financial profile than S&P currently
anticipates. That would include weakened credit ratios (notably
debt to EBITDA rising above 3x) due to any unexpected financial
underperformance, extensive reliance on short-term funding, or
KTG's increased capital expenditures requiring significant
external borrowing and leading to leverage above S&P's
expectations. For instance, this might occur if KTG increased
capital expenditures because of a greater need to invest in gas
distribution assets or start new large investment projects. The
ratings could also come under pressure as a result of any
indications of negative interference from KMG, including, but not
limited to, inducement to pay excessive dividends.
If S&P revised down its assessment of KTG's SACP by one notch, it
would lead S&P to lower the long-term rating to 'BB', provided
that the sovereign long-term local currency rating and the
likelihood of extraordinary financial government support remained
the same.
If S&P saw signs of weakening state support, it might consider
revising down the likelihood of extraordinary government support
for KTG. Under S&P's criteria for GREs, it would have to revise
the likelihood of extraordinary government support down to
"moderate" from the current "moderately high" to result in a
downgrade of KTG. This might be a result of increased
substantial privatization risk, negative interference track
record, or reshuffling of government priorities in its support
initiatives.
Ratings upside is currently limited by the ratings on the parent.
S&P could revise the outlook to stable only if it revises the
outlook on KMG to stable.
KAZTRANSOIL: S&P Affirms 'BB+' CCR, Outlook Negative
----------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed its
'BB+' long-term corporate credit rating on Kazakhstan-based oil
pipeline operator KazTransOil (KTO). The outlook is negative.
The affirmation reflects S&P's view that KTO continues to enjoy a
"high" likelihood of timely and sufficient extraordinary
government support from the government of Kazakhstan as well as
our assessment of KTO's stand-alone credit profile (SACP) at
'bb+'. S&P also continues to see KTO as a "strategically
important" subsidiary of the KMG group.
KTO's "strategically important" status within the KMG group and
its importance to the government of Kazakhstan are underpinned,
in S&P's view, by the company's role as the main oil pipeline
network operator in the country, transporting more than 53% of
oil volumes in the country. S&P considers KTO's role for the
government to be "very important" and the link between the
company and the government to be "strong," albeit indirect. S&P
also assumes that extraordinary state support would likely come
directly from the government, rather than through the parent,
therefore S&P determines the corporate credit rating on KTO based
on its stand-alone credit profile (SACP) plus uplift for
potential government support. At the moment there is zero uplift
from the SACP, since the SACP is 'bb+' and, in accordance with
S&P's group rating methodology, the rating on KTO is capped by
the rating on its parent, KMG (BB+/Negative/--).
S&P derives the SACP on KTO from its assessment of its "fair"
business risk profile, "modest" financial risk profile, as well
as S&P's application of a "negative" financial policy modifier.
KTO has a solid market position and limited competition from rail
and tanker transport, owing to Kazakhstan's land-locked location,
geographic isolation from the Caspian Sea, and the low cost of
pipeline transportation. However, S&P assesses country risk in
Kazakhstan as "high," and S&P considers tariff regulation to be
opaque and irregularly revised.
The KTO group has a favorable debt structure, in S&P's view,
given that all of its outstanding debt is currently at the level
of the operating subsidiaries and joint ventures. KTO also
enjoys good financial flexibility, thanks to its adequate cash
position, flexibility to defer most of its new projects, and
available borrowing capacity. In 2015, S&P expects KTO to
continue generating strongly positive free operating cash flow
(FOCF) on the back of the tariff increases that took place in
2014. S&P thinks that KTO's sizable accumulated cash balances
cover all existing investment projects and allow for high
dividend payouts. The company's main weaknesses include its
potential involvement in new construction projects, which might
result in weakened credit metrics and a more aggressive financial
risk profile, and its exposure to potential dividend pressure
from the parent.
The negative outlook reflects that on the parent, KMG. In
accordance with S&P's group rating methodology, the rating on KTO
is capped by the rating on KMG, and if S&P lowered the rating on
the parent by one notch, that most likely would lead to a similar
rating action on KTO.
S&P also could lower the rating if KTO were to undertake new
investment projects requiring significant external borrowing,
resulting in weakened credit measures, or if S&P was to see
substantial unfavorable changes in new contracts with customers.
However, S&P notes that if the local currency sovereign rating on
Kazakhstan stays at 'BBB', the rating on KMG remains at 'BB+',
and S&P's views of KTO's likelihood of state support and group
status are unchanged, S&P would have to revise the SACP of KTO
down as low as 'b+' to trigger a downgrade. That might stem from
a substantial increase in leverage on the back of heavy
investments or dividends, taking the financial risk profile to
the "aggressive" category (with debt to EBITDA exceeding 4x, for
instance), or a significant deterioration in liquidity. S&P
currently views these scenarios as very unlikely though.
Indications of weaker support or negative interference from the
parent or the state could also put pressure on the rating. The
rating on KTO does not currently benefit from any uplift for
government support because KTO's SACP is 'bb+', so any downgrade
following such negative interference would be the result of
weaker credit metrics.
S&P would be unlikely to revise the outlook on KTO back to stable
unless S&P took a similar action on the parent company.
===================
L U X E M B O U R G
===================
ONEX WIZARD: Moody's Assigns B1 Ratings to Sr. Secured Term Loans
-----------------------------------------------------------------
Upon a conclusive review of final documentation, Moody's
Investors Service has assigned definitive B1 ratings to the Euro-
denominated EUR1,050 million and U.S. Dollar-denominated USD1,225
million senior secured term loan facilities due 2022 and the pari
passu ranking EUR300 million senior secured Revolving Credit
Facility due 2021 borrowed at Onex Wizard Acquisition Company I
S.a.r.l. In addition, Moody's has assigned a Caa1 rating to the
EUR675 million-equivalent senior unsecured notes, due 2023 issued
at Onex Wizard Acquisition Company II S.C.A. The corporate family
rating (CFR) and probability of default rating (PDR) are
unaffected by this rating action and remain at B2 and B2-PD. The
outlook on all ratings is stable.
Final changes to credit facilities of Onex Wizard Acquisition
Company II S.C.A., the parent holding company of SIG Combibloc
Group AG (SIG) and the top holding company of the restricted
group, have no impact to current ratings.
The stable outlook on the ratings reflects Moody's expectation
that SIG will gradually improve its key credit metrics,
benefitting from increasing penetration into profitable, growing
markets while maintaining a conservative financial policy.
The stable outlook also incorporates Moody's assumption that the
company will not embark on any large debt-financed acquisitions,
or engage in shareholder-friendly initiatives prior to
deleveraging the business over the next 12-18 months.
Upward pressure on the rating could result from the company's
success in improving operating profitability, leading to a
reduction in Moody's-adjusted leverage towards 5.5x, together
with an EBIT interest cover trending towards 2.0x.
Conversely, a rating downgrade could result from deteriorating
operating profitability preventing the company from improving key
credit metrics, that would result in financial leverage
deteriorating beyond 6.5x. Negative free cash flow or a
materially weakening liquidity profile would also create downward
rating pressure
The principal methodology used in these ratings was Global
Packaging Manufacturers: Metal, Glass, and Plastic Containers
published in June 2009. Other methodologies used include Loss
Given Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published in June 2009.
SIG is a leading manufacturer of aseptic carton packaging systems
for both beverage and liquid food products, including juices,
milk, soups and sauces. SIG supplies complete aseptic carton
packaging systems, which include aseptic filling machines,
aseptic cartons, spouts, caps and closures and machine
optimization services. The company generated revenues of around
EUR1,629 million in FYE December 2014.
=====================
N E T H E R L A N D S
=====================
DUCHESS IV CLO: S&P Raises Rating on Class E Notes to 'B+'
----------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings on
Duchess IV CLO B.V.'s class C, D, and E notes.
The upgrades follow S&P's analysis of the transaction using data
from the trustee report dated Feb. 11, 2015, and the application
of S&P's relevant criteria.
Since S&P's Nov. 9, 2012 review, the rated notes have benefited
from an increase in par coverage and from the increase in the
portfolio's weighted-average spread to 3.90% from 3.41%.
S&P subjected the capital structure to its cash flow analysis to
determine the break-even default rate (BDR) for each class of
notes at each rating level. The BDRs represent S&P's estimate of
the level of asset defaults that the notes can withstand and
still fully pay interest and principal to the noteholders. As a
result of the above developments, S&P believes the rated notes
are now ableto withstand a larger amount of asset defaults.
S&P has estimated future defaults in the portfolio in each rating
scenario by applying its criteria for corporate collateralized
debt obligations (CDOs).
S&P's analysis shows that the available credit enhancement for
all classes of rated notes is now commensurate with higher
ratings than those previously assigned. Therefore, S&P has
raised its rating on the class C notes to 'AAA (sf)' from 'BBB+
(sf)'.
As the portfolio became less diversified (currently 19 obligors,
compared with 66 at S&P's previous review), the application of
S&P's largest obligor test capped the ratings on the class D and
E notes at 'BBB- (sf)' and 'B+ (sf)', respectively. S&P has
therefore raised to 'BBB- (sf)' from 'CCC+ (sf)' and to 'B+ (sf)'
from 'CCC- (sf)' its ratings on the class D and E notes,
respectively.
Duchess IV CLO is a cash flow collateralized loan obligation
(CLO) transaction managed by Babson Capital Management (UK) Ltd.
A portfolio of loans to speculative-grade corporate firms backs
the transaction. Duchess IV CLO closed in May 2005 and its
reinvestment period ended in May 2008.
RATINGS LIST
Duchess IV CLO B.V.
EUR525 mil secured floating-rate notes
Rating Rating
Class Identifier To From
C 26410RAE9 AAA (sf) BBB+ (sf)
D 26410RAF6 BBB- (sf) CCC+ (sf)
E 26410RAB5 B+ (sf) CCC- (sf)
JUBILEE CLO 2015-XV: Moody's Rates EUR27MM Class E Notes (P)Ba2
---------------------------------------------------------------
Moody's Investors Service assigned the following provisional
ratings to notes to be issued by Jubilee CLO 2015-XV B.V.:
-- EUR252,750,000 Class A Senior Secured Floating Rate Notes
due 2028, Assigned (P)Aaa (sf)
-- EUR60,250,000 Class B Senior Secured Floating Rate Notes due
2028, Assigned (P)Aa2 (sf)
-- EUR26,000,000 Class C Deferrable Mezzanine Floating Rate
Notes due 2028, Assigned (P)A2 (sf)
-- EUR23,500,000 Class D Deferrable Mezzanine Floating Rate
Notes due 2028, Assigned (P)Baa2 (sf)
-- EUR27,000,000 Class E Deferrable Junior Floating Rate Notes
due 2028, Assigned (P)Ba2 (sf)
-- EUR15,250,000 Class F Deferrable Junior Floating Rate Notes
due 2028, Assigned (P)B2 (sf)
Moody's issues provisional ratings in advance of the final sale
of financial instruments, but these ratings only represent
Moody's preliminary credit opinions. Upon a conclusive review of
a transaction and associated documentation, Moody's will endeavor
to assign definitive ratings. A definitive rating (if any) may
differ from a provisional rating.
Moody's provisional rating of the rated notes addresses the
expected loss posed to noteholders by the legal final maturity of
the notes in 2028. The provisional ratings reflect the risks due
to defaults on the underlying portfolio of loans given the
characteristics and eligibility criteria of the constituent
assets, the relevant portfolio tests and covenants as well as the
transaction's capital and legal structure. Furthermore, Moody's
is of the opinion that the collateral manager, Alcentra Limited,
has sufficient experience and operational capacity and is capable
of managing this CLO.
Jubilee CLO is a managed cash flow CLO. At least 90% of the
portfolio must consist of senior secured loans and senior secured
floating rate notes and up to 10% of the portfolio may consist of
unsecured loans, second-lien loans, mezzanine obligations and
high yield bonds. The bond bucket gives the flexibility to
Jubilee CLO to hold bonds if Volcker Rule is changed. The
portfolio is expected to be 70% ramped up as of the closing date
and to be comprised predominantly of corporate loans to obligors
domiciled in Western Europe.
Alcentra will manage the CLO. It will direct the selection,
acquisition and disposition of collateral on behalf of the Issuer
and may engage in trading activity, including discretionary
trading, during the transaction's four-year reinvestment period.
Thereafter, purchases are permitted using principal proceeds from
unscheduled principal payments and proceeds from sales of credit
risk and credit improved obligations, and are subject to certain
restrictions.
In addition to the six classes of notes rated by Moody's, the
Issuer will issue EUR46.0m of subordinated notes, which will not
be rated.
The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to
pay down the notes in order of seniority.
Factors that would lead to an upgrade or downgrade of the rating:
The rated notes' performance is subject to uncertainty. The
notes' performance is sensitive to the performance of the
underlying portfolio, which in turn depends on economic and
credit conditions that may change. Alcentra's investment
decisions and management of the transaction will also affect the
notes' performance.
Moody's modeled the transaction using CDOEdge, a cash flow model
based on the Binomial Expansion Technique, as described in
Section 2.3 of the "Moody's Global Approach to Rating
Collateralized Loan Obligations" rating methodology published in
February 2014. The cash flow model evaluates all default
scenarios that are then weighted considering the probabilities of
the binomial distribution assumed for the portfolio default rate.
In each default scenario, the corresponding loss for each class
of notes is calculated given the incoming cash flows from the
assets and the outgoing payments to third parties and
noteholders. Therefore, the expected loss or EL for each tranche
is the sum product of (i) the probability of occurrence of each
default scenario and (ii) the loss derived from the cash flow
model in each default scenario for each tranche. As such, Moody's
encompasses the assessment of stressed scenarios.
Moody's used the following base-case modeling assumptions:
- Par amount: EUR 437,775,000
- Diversity Score: 36
- Weighted Average Rating Factor (WARF): 2750
- Weighted Average Spread (WAS): 4.10%
- Weighted Average Recovery Rate (WARR): 42%
- Weighted Average Life (WAL): 8 years.
Moody's has analyzed the potential impact associated with
sovereign related risk of peripheral European countries. As part
of the base case, Moody's has addressed the potential exposure to
obligors domiciled in countries with local currency country risk
ceiling of A1 or below. Following the effective date, and given
the portfolio constraints and the current sovereign ratings in
Europe, such exposure may not exceed 10% of the total portfolio.
As a result and in conjunction with the current foreign
government bond ratings of the eligible countries, as a worst
case scenario, a maximum 5% of the pool would be domiciled in
countries with A3 and a maximum of 5% of the pool would be
domiciled in countries with Baa3 local currency country ceiling
each. The remainder of the pool will be domiciled in countries
which currently have a local or foreign currency country ceiling
of Aaa or Aa1 to Aa3. Given this portfolio composition, the model
was run with different target par amounts depending on the target
rating of each class as further described in the methodology. The
portfolio haircuts are a function of the exposure size to
peripheral countries and the target ratings of the rated notes
and amount to 0.75% for the Class A notes, 0.50% for the Class B
notes, 0.38% for the Class C notes and 0% for Classes D, E and F.
Together with the set of modeling assumptions above, Moody's
conducted additional sensitivity analysis, which was an important
component in determining the provisional rating assigned to the
rated notes. This sensitivity analysis includes increased default
probability relative to the base case. Below is a summary of the
impact of an increase in default probability (expressed in terms
of WARF level) on each of the rated notes (shown in terms of the
number of notch difference versus the current model output,
whereby a negative difference corresponds to higher expected
losses), holding all other factors equal:
Percentage Change in WARF: WARF + 15% (to 3163 from 2750)
Ratings Impact in Rating Notches:
- Class A Senior Secured Floating Rate Notes: 0
- Class B Senior Secured Floating Rate Notes: -1
- Class C Deferrable Mezzanine Floating Rate Notes: -2
- Class D Deferrable Mezzanine Floating Rate Notes: -2
- Class E Deferrable Junior Floating Rate Notes: -1
- Class F Deferrable Junior Floating Rate Notes: 0
Percentage Change in WARF: WARF +30% (to 3575 from 2750)
Ratings Impact in Rating Notches:
- Class A Senior Secured Floating Rate Notes: -1
- Class B Senior Secured Floating Rate Notes: -3
- Class C Deferrable Mezzanine Floating Rate Notes: -3
- Class D Deferrable Mezzanine Floating Rate Notes: -2
- Class E Deferrable Junior Floating Rate Notes: -1
- Class F Deferrable Junior Floating Rate Notes: -2
Given that the transaction allows for corporate rescue loans
which do not bear a Moody's rating or Credit Estimate, Moody's
has also tested the sensitivity of the ratings of the notes to
changes in the recovery rate assumption for corporate rescue
loans within the portfolio (up to 5% in aggregate). This analysis
includes haircuts to the 50% base recovery rate which Moody's
assume for corporate rescue loans if they satisfy certain
criteria, including having a Moody's rating or Credit Estimate.
The principal methodology used in this rating was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
February 2014.
JUBILEE CLO 2015-XV: S&P Assigns Prelim. B- Rating to Cl. F Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its preliminary
credit ratings to Jubilee CLO 2015-XV B.V.'s class A, B, C, D, E,
and F notes. At closing, Jubilee CLO 2015-XV will also issue an
unrated subordinated class of notes.
Jubilee CLO 2015-XV is a cash flow collateralized loan obligation
(CLO) transaction securitizing a portfolio of primarily broadly
syndicated speculative-grade senior secured loans and bonds
issued mainly by European borrowers. Alcentra Ltd. is the
collateral manager.
Under the transaction documents, the rated notes pay quarterly
interest unless there is a frequency switch event. Following
such an event, the notes will switch to semiannual payment. The
transaction has a six-month ramp-up period, a four-year
reinvestment period, and a maximum weighted-average life of eight
years from the closing date.
At the end of the ramp-up period, S&P understands that the
portfolio will represent a well-diversified pool of corporate
credits. Therefore, S&P has conducted its credit and cash flow
analysis by applying its criteria for corporate cash flow
collateralized debt obligations.
S&P's preliminary ratings reflect its assessment of the
preliminary collateral portfolio's credit quality as well as the
available credit enhancement for the rated notes through the
subordination of payable cash flow. In S&P's cash flow analysis,
it used the EUR437.78 million target par amount, the covenanted
weighted-average spread (4.10%), the covenanted weighted-average
coupon (5.75%), and the covenanted weighted-average recovery
rates at each rating level. S&P applied various cash flow stress
scenarios, using four different default patterns, in conjunction
with different interest rate stress scenarios for each liability
rating category.
The Bank of New York Mellon, London Branch, is the bank account
provider and custodian. The portfolio can comprise a maximum of
30% non-euro-denominated obligations subject to an asset swap
provided by a hedge counterparty. The participants' downgrade
remedies are expected to be in line with S&P's current
counterparty criteria.
The issuer is expected to be bankruptcy-remote, in accordance
with S&P's European legal criteria.
Following S&P's analysis of the credit, cash flow, counterparty,
operational, and legal risks, S&P believes its preliminary
ratings are commensurate with the available credit enhancement
for each class of notes.
RATINGS LIST
Jubilee CLO 2015-XV B.V.
EUR450.75 Million Senior Secured And Deferrable Floating-Rate
Notes (Including EUR46.0 Million Subordinated Notes)
Class Prelim. Prelim.
rating amount
(mil. EUR)
A AAA (sf) 252.75
B AA (sf) 60.25
C A (sf) 26.00
D BBB (sf) 23.50
E BB (sf) 27.00
F B- (sf) 15.25
Subordinated NR 46.00
NR--Not rated.
===========
N O R W A Y
===========
CECON ASA: Seeks Bankruptcy After Failure to Present Plan
----------------------------------------------------------
Reuters reports that Cecon ASA is unable to present a plan for a
compulsory composition and request that it be declared bankrupt.
According to Reuters, Cecon said due to recent and unforeseen
events, the company's cash balance was given to Gdf against the
company's will and understanding of Escrow terms.
Companies Cecon is invested in will continue its operations as
prior to this, Reuters notes.
Headquartered in Arendal, Norway, Cecon ASA --
http://www.cecon.no-- operates as an offshore and subsea
installation contractor in Norway, west African Continental
Shelf, and internationally.
===============
P O R T U G A L
===============
BANCO ESPIRITO: Goldman Sachs Dispute May Disrupt Novo Banco Sale
-----------------------------------------------------------------
Anabela Reis and Kit Chellel at Bloomberg News report that the
Bank of Portugal said Goldman Sachs Group Inc.'s legal fight over
an US$835 million loan to Banco Espirito Santo SA before it
collapsed may disrupt attempts by the central bank to sell its
successor, Novo Banco SA.
Goldman Sachs is seeking a Lisbon court order putting the status
of the Oak Finance Luxembourg SA loan vehicle on hold until a
dispute over what entity owns the debt is resolved, according to
a Bank of Portugal document that was filed at the tribunal and
obtained by Bloomberg News.
"That disruption, at a time of a crucial stage of collecting
definitive offers from potential buyers, would not only create
uncertainty as to the configuration of the balance sheet of Novo
Banco, but it would also subject the buyer to significant future
risks of litigation," the Bank of Portugal, as cited by
Bloomberg, said in the document, dated April 17, which outlines a
resolution by bank directors.
The Bank of Portugal's EUR4.9 billion (US$5.3 billion) rescue of
Banco Espirito Santo in August split the stricken bank in two,
with depositors and healthy assets joining Novo Banco while bad
loans and junior creditors stayed with the old bank, Bloomberg
recounts. Oak Finance was set up by Goldman to lend about
EUR$835 million to Banco Espirito Santo weeks before its failure,
Bloomberg discloses.
Goldman and a group of investors in Oak Finance have filed
lawsuits in the U.K. and Portugal seeking to ensure the debt is
transferred to Novo Banco, Bloomberg relays. Oak Finance
investors face significant losses if the vehicle remains in the
bad bank, Bloomberg recounts.
The Bank of Portugal initially transferred Oak Finance's debts to
Novo Banco before reversing its decision in December, Bloomberg
notes. It has invited five bidders to make binding offers by the
end of June for what was once Portugal's biggest bank by market
value, Bloomberg states. The proceeds will be used to repay the
costs of the bailout, Bloomberg says.
The central bank, as cited by Bloomberg, said in the document
that if the Bank of Portugal's December decision regarding Oak
Finance was suspended, the uncertainty would create "negative
effects on the confidence of potential buyers with an impact on
their offers".
The Bank of Portugal said the delay in implementing the measure
would also create inequality between creditors of the same type
and increase the costs with the capitalization of Novo Banco.
Bloomberg relays.
About Banco Espirito Santo
Banco Espirito Santo is a private Portuguese bank based in
Lisbon, Portugal. It is 20% owned by Espirito Santo Financial
Group.
In August 2014, Banco Espirito Santo was split into "good"
and "bad" banks as part of a EUR4.9 billion rescue of the
distressed Portuguese lender that protects taxpayers and senior
creditors but leaves shareholders and junior bondholders holding
only toxic assets. A total of EUR4.9 billion in fresh capital
was injected into this "good bank", which will subsequently be
offered for sale. It has been renamed "Novo Banco", meaning new
bank, and will include all BES's branches, workers, deposits and
healthy credit portfolios.
In August 2014, Espirito Santo Financial Portugal, a unit fully
owned by Espirito Santo Financial Group, filed under Portuguese
corporate insolvency and recovery code.
Also in August 2014, Espirito Santo Financiere SA, another entity
of troubled Portuguese conglomerate Espirito Santo International
SA, filed for creditor protection in Luxembourg.
In July 2014, Portuguese conglomerate Espirito Santo
International SA filed for creditor protection in a Luxembourg
court, saying it is unable to meet its debt obligations.
===========
R U S S I A
===========
BORETS INTERNATIONAL: Moody's Alters Outlook on B1 CFR to Stable
----------------------------------------------------------------
Moody's Investors Service changed to stable from positive the
outlook on the B1 corporate family rating and B1-PD probability
of default rating of Borets International Ltd, and on the B1
senior unsecured rating of the notes issued by Borets Finance
Limited, a wholly owned subsidiary of Borets. At the same time,
Moody's has affirmed all ratings.
The rating action reflects increasing concerns over Borets'
exposure to foreign currency risks as a result of the sharp
rouble devaluation since 4Q 2014 and the continued volatility
this year. The currency mismatch between Borets' revenues, 70% of
which are in roubles, and its US dollar debt will likely result
in a deterioration of the company's leverage metrics, with
adjusted debt/EBITDA potentially exceeding 4.0x in 2015.
Moody's also cautions that the drop in oil prices, and the
challenging macroeconomic and political environment in Russia,
could affect the company's operating and financial results in
2015. In particular, Moody's sees risk that oil companies could
revise their investment programs, further tightening pricing and
payment terms of contracts with suppliers.
At the same time, Borets' ratings continue to reflect its
consistent focus on positive free cash flow generation,
historically healthy cash balances, and moderate debt service
requirements until the maturity of the bond in 2018. These
positives to some extent mitigate the weaker-than-expected
leverage metrics.
Moody's also expects that Borets will be able to maintain an
adequate operating performance, supported by its (1) leading
position in the niche electric submersible pumps (ESP) market
with long-standing customer relationships; (2) favorable industry
fundamentals, supported by a globally increasing need for oil
recovery enhancement technologies; and (3) historically proven
resistance to oil price volatility, underpinned by its large
installed base and high portion of revenues derived from the
replacement and servicing of existing ESPs.
Given Borets' high level of vertical integration with all key
production facilities located in Russia, the rouble devaluation
should further reinforce its already competitive cost position.
The company should also be able to maintain profitability at
healthy levels, with its adjusted EBITDA margin remaining above
17% in 2015. This, together with the continuous development of
its international operations, should allow the company to resume
deleveraging in line with Moody's initial expectations of
adjusted debt/EBITDA at around 3.5x in 2016.
Moody's also notes that Borets has upheld its sound corporate
governance standards following the buyback of shares held by
Weatherford International Ltd. (Bermuda) (Baa3, negative) in
September 2013, and the subsequent acquisition by the European
Bank for Reconstruction and Development (EBRD, Aaa stable) and
International Finance Corporation (IFC, Aaa stable) of 5% and 3%
stakes in the company respectively, with comfortable protection
of creditors and minority rights.
Borets' B1 rating remains constrained by (1) its small scale and
focus on a single product line (ESP); (2) limited (albeit
gradually increasing) geographic and customer diversification
relative to global peers; and (3) competition from larger-scale
global players in the higher-end segment and from Russian and
Chinese producers in the lower-end segment.
The stable outlook on the ratings reflects Moody's expectation
that Borets will deliver on its operating targets, including
sustainable growth of its international business, while
maintaining robust cash flow generation and a strong liquidity
profile. These factors should compensate for a potential
temporary deterioration in leverage metrics in 2015 as a result
of the sharp rouble devaluation, bringing metrics back to within
the guidance by 2016. Moody's also expects that the company will
continue to adhere to its sound corporate governance standards.
Moody's would consider upgrading Borets' ratings if the company
continues to (1) adhere to sound corporate governance standards;
and (2) demonstrate robust operational performance, further
increasing the scale of its operations and geographical
diversification. In addition, to consider a rating upgrade,
Moody's would expect Borets to reduce its leverage (measured as
adjusted debt/EBITDA) comfortably below 3.5x on a gross basis or
3.0x on a net basis, while maintaining a solid liquidity profile
and positive free cash flow generation. The consideration of net
leverage reflects that cash is expected to accumulate over time
in view of the bullet debt structure and positive free cash-flow.
Downward rating pressure could emerge in case of (1) material
debt-financed acquisitions or capital investments; (2) aggressive
shareholder distributions; or (3) a material deterioration in
Borets' competitive position, with leverage, as measured by
adjusted debt/EBITDA, rising above 4.0x on a sustained basis.
The principal methodology used in these ratings was Global
Oilfield Services Industry Rating Methodology published in
December 2014. Other methodologies used include Loss Given
Default for Speculative-Grade Non-Financial Companies in the
U.S., Canada and EMEA published in June 2009.
Borets International Limited is a leading vertically integrated
manufacturer of artificial lift products for the oil sector,
specializing in the design and manufacture of electric
submersible pumps (ESP) and related products and provision of
related services. In 2014, Borets generated US$720 million in
sales and $133 million of adjusted EBITDA and reported US$695
million in assets.
RUSSIA: Fitch Cuts Insurer Financial Strength Rating to 'B-'
------------------------------------------------------------
Fitch Ratings has downgraded Russian Insurance Centre (Russia)'s
(RIC) Insurer Financial Strength (IFS) rating to 'B-' from 'B'
and National IFS rating to 'BB-(rus)' from 'BBB-(rus)'. The
Outlook on the ratings is Negative.
Fitch is simultaneously withdrawing the ratings, as the agency
has not been able to obtain sufficient information to maintain
them. Accordingly, Fitch will no longer provide ratings or
analytical coverage for RIC.
KEY RATING DRIVERS
The downgrade of the ratings reflects a significant weakening of
RIC's liquidity position and underwriting performance. The
ratings have been withdrawn as Fitch has not been able to obtain
sufficient information about the composition of RIC's investment
portfolio.
RIC reported a sharp contraction of its liquid investments at
end-2014, when the proportion of cash and bank deposits in the
investment portfolio fell to 2%, from 18% at end-2013. Although
this increased to 6% at end-1Q15, there is now significant
concentration risk, as the increase is all held with a small
unrated local bank. Fitch has been unable to determine the
composition of the non-cash investment portfolio, which has
increased as a result of investing cash generated by the
insurance operations in 2014 and cash withdrawals from bank
accounts.
The sharp contraction of cash and bank deposits occurred in the
context of positive operating cash flow in 2014, which was
supported by a 110% growth in net premiums written and an
apparent reduction in claims paid, reflecting an increase in
claims case reserves.
RIC also reported a significant weakening of its underwriting
profitability, with a larger loss of RUB166 million in 2014,
compared with a RUB84 million loss in 2013.
TAURUS BANK: Bank of Russia Revokes Banking License
---------------------------------------------------
By its Order No. OD-886 dated April2 4, 2015, the Bank of Russia
revoked the banking license from the Moscow-based credit
institution joint-stock company Taurus Bank or JSC Taurus Bank
(Registration No. 655) from April 24, 2015.
The Bank of Russia took such an extreme measure -- revocation of
the banking license -- because of the failure of JSC Taurus Bank
to comply with federal banking laws and Bank of Russia
regulations, and application of supervisory measures envisaged by
the Federal Law "On the Central Bank of the Russian Federation
(Bank of Russia)".
JSC Taurus Bank implemented high-risk lending policy, did not
create loan loss provisions adequate to the risks assumed, and
did not meet the supervisor's requirements on restricting certain
banking operations. Besides, in 2014 and 2015 Q1 the credit
institution was involved in dubious transit transactions and
overseas money transfers in significant amounts. The management
and owners of the bank did not take measures to normalize its
activities.
By its Order No. OD-887 dated April 24, 2015, the Bank of Russia
has appointed a provisional administration to JSC Taurus Bank for
the period until the appointment of a receiver pursuant to the
Federal Law "On the Insolvency (Bankruptcy)' or a liquidator
under Article 23.1 of the Federal Law 'On Banks and Banking
Activities". In accordance with federal laws, the powers of the
credit institution's executive bodies are suspended.
JSC Taurus Bank is a member of the deposit insurance system. The
revocation of banking license is an insured event envisaged by
Federal Law No. 177-FZ "On Insurance of Household Deposits with
Russian Banks" regarding the bank's obligations on deposits of
households determined in accordance with the legislation.
According to the financial statements, as of April 1, 2015, JSC
Taurus Bank ranked 436th by assets in the Russian banking system.
=============================
S L O V A K R E P U B L I C
=============================
VAHOSTAV-SK: Government Passes Insolvency Law Amendment
-------------------------------------------------------
The Slovak Spectator reports that amid a race to pass legislation
that would come into effect before Vahostav-SK meets with
creditors April 30, Prime Minister Robert Fico's government
passed an overhaul to insolvency laws coupled with a bailout for
the ailing firm's creditors on April 23.
The legislation still needs President Andrej Kiska to sign it
into law, The Slovak Spectator notes. The changes revise the
Commercial Code and other laws related to bankruptcy and
restructuring to the benefit of smaller unsecured creditors,
those whose claims are not secured by collateral, The Slovak
Spectator discloses.
The changes will allow unsecured creditors to sell their claims
towards Vahostav-SK the state Slovak Guarantee and Development
Bank and get immediately 50% of their nominal value, The Slovak
Spectator says.
Though small creditors could also opt to collect the full amount
they are owed from future Vahostav-SK profits many say they
prefer to get 50% immediately, The Slovak Spectator notes.
In response, the Finance Ministry stated that the European
Central Bank hasn't adopted a stance on the amendment yet and
neither asked for any consultations, The Slovak Spectator relays.
Under the original restructuring plan, scheduled to be discussed
on April 30, Vahostav-SK planned to settle 15% of its debts or
EUR15.7 million to small and medium-sized companies over a period
of five years, The Slovak Spectator discloses. Secured creditors
would have received 100% of their claims, The Slovak Spectator
states. In total, the firm planned to repay just 32.3% of its
total debts of EUR136 million, or EUR43.9 million, according to
The Slovak Spectator.
Vahostav-SK is a Slovak construction company.
=====================
S W I T Z E R L A N D
=====================
MYMETICS CORP: Auditor Expresses Going Concern Doubt
----------------------------------------------------
Mymetics Corporation reported a net loss of EUR3.26 million on
EUR2.4 million of revenues for the year ended Dec. 31, 2014,
compared with a net income of EUR6 million on EUR4.38 million of
revenues in 2013.
Peterson Sullivan LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has not been able to generate significant revenue, which
has resulted in significant losses since inception. Further, the
Company's current liabilities exceed its current assets by
EUR39,200 and there are limited resources to pay current
liabilities.
The Company's balance sheet at Dec. 31, 2014, showed EUR11.01
million in total assets, EUR41.1 million in total liabilities and
total stockholders' deficit of EUR30.09 million.
A copy of the Form 10-K filed with the U.S. Securities and
Exchange Commission is available at:
http://is.gd/6JBQl3
Switzerland-based Mymetics Corporation is an early stage
biotechnology company focused on the research and development of
vaccines for infectious diseases. Mymetics currently has five
vaccines in its pipeline: HIV-1/AIDS, intra nasal Influenza,
Malaria, Herpes Simplex Virus and the RSV vaccine.
===========================
U N I T E D K I N G D O M
===========================
ALBA 2015-1: S&P Assigns 'BB' Rating to Class E Notes
-----------------------------------------------------
Standard & Poor's Ratings Services assigned credit ratings to
Aggregator of Loans Backed by Assets 2015-1 PLC (ALBA 2015-1)'s
class A to E notes. At closing, ALBA 2015-1 also issued unrated
class Z notes and subordinated notes.
ALBA 2015-1 is a securitization of first-lien U.K. nonconforming
residential mortgage loans. Edeus Mortgage Creators Ltd.,
Kensington Mortgage Company Ltd., Amber Homeloans Ltd., and
Paratus AMC Ltd. (formerly known as GMAC-RFC Ltd.) originated the
closing pool's underlying collateral, which consists of first-
lien U.K. owner-occupied and buy-to-let nonconforming residential
mortgage loans.
At closing, the issuer purchased an initial portfolio of U.K.
residential mortgages from the seller (Ertow Holdings Ltd.),
using the note issuance proceeds to purchase the rights to the
mortgage pool.
This is the seventh ALBA transaction that S&P rates and the first
this year.
The collateral pool consists of first-lien U.K. nonconforming
residential mortgage loans, mostly originated between 2006 and
2007. All of the loans pay a floating rate of interest
throughout the transaction's life. The portfolio's weighted-
average indexed current loan-to-value ratio is 80.20% (based on
S&P's methodology).
The notes' interest is based on an index of one-month sterling
LIBOR, while the underlying collateral contains loans that are
linked to the Bank of England Base Rate, three-month sterling
LIBOR, or to a standard variable rate. The transaction will not
benefit from a swap.
Any excess spread in this transaction is used to redeem the rated
notes. Under a scenario where excess spread is generated and
applied to redeem the rated notes, overcollateralization would
increase.
S&P's ratings reflect its assessment of the transaction's payment
structure, cash flow mechanics, and the results of its cash flow
analysis to assess whether the notes would be repaid under stress
test scenarios. Subordination, overcollateralization, and the
rated note reserve fund provide credit enhancement to the notes
that are senior to the unrated class Z notes. Taking these
factors into account, S&P considers the available credit
enhancement for the rated notes to be commensurate with the
ratings that S&P has assigned.
RATINGS LIST
Aggregator of Loans Backed by Assets 2015-1 PLC
GBP273.6 Million Residential Mortgage-Backed Floating- And Fixed-
Rate Notes (Including Unrated Notes)
Class Rating Amount
(mil. GBP)
A AAA (sf) 179
B AA (sf) 21
C A (sf) 21
D A- (sf) 18
E BB (sf) 21
Z NR 5.47
Subordinated notes NR 8.20
NR--Not rated.
SOUTHERN PACIFIC 05-3: Moody's Lifts Ratings on 2 Notes to Caa2
---------------------------------------------------------------
Moody's Investors Service upgraded the ratings of 22 notes,
confirmed the ratings of 3 notes and affirmed the ratings of 8
notes in 4 UK non-conforming residential mortgage-backed
securities (RMBS) transactions: Southern Pacific Securities 05-3
plc, Newgate Funding PLC: Series 2006-3, Newgate Funding PLC:
Series 2007-1 and Newgate Funding PLC: Series 2007-2.
The rating action concludes the review of 21 notes placed on
review on Dec. 9, 2014.
The rating upgrades reflect (1) better than expected performance
and (2) the deleveraging of the transactions.
The rating confirmations and affirmations reflect the sufficiency
of credit enhancement.
The lifetime loss expectations have not been updated as part of
this review. The performance of the underlying asset portfolios
remain in line with Moody's assumptions.
Moody's revised the MILAN CE assumption to 26% in Newgate Funding
PLC: Series 2006-3, Newgate Funding PLC: Series 2007-1 and
Newgate Funding PLC: Series 2007-2, from 30% respectively, and to
34% in Southern Pacific Securities 05-3 plc from 39%, reflecting
updated portfolio characteristics.
Moody's quantitative analysis incorporates the ratings
sensitivity to increases in key collateral assumptions. The
increases included stress of 1.25x the current EL assumption and
1.2x MILAN CE. Moody's sensitivity analysis would typically
expect to see the ratings fall by no more than one to three
notches using these stressed assumptions. The results of this
analysis limited the potential upgrade of the ratings of Class
Ba, Bb and Cb in Newgate Funding PLC: Series 2006-3; Class Ba,
Bb, Ma and Mb, in Newgate Funding PLC: Series 2007-1; Class A3,
Bb and M in Newgate Funding PLC: Series 2007-2.
The ratings of Class A2a, A2c, B1a and B1c in Southern Pacific
Securities 05-3 plc are constrained by operational risk.
Acenden Limited (NR) acts as servicer and cash manager in
Southern Pacific Securities 05-3 plc with Homeloan Management
Limited (NR) acting as standby servicer. Moody's considers that
the transaction is exposed to operational risk as Homeloan
Management Limited may not be able to immediately take over the
servicing in case of servicer disruption. The transaction
benefits from a liquidity facility and reserve fund which
partially offset concerns regarding the back-up servicing
arrangement.
Moody's also assessed the default probability of each
transaction's account bank providers by referencing the bank's
deposit rating.
Finally, Moody's analysis considered the risks of additional
losses on the notes if they were to become unhedged following a
swap counterparty default. As a result, the ratings of Class Ba,
Bb and Mb in Newgate Funding PLC: Series 2006-3 are constrained
by swap exposure.
Moody's incorporated the updates to its structured finance
methodologies in its analysis of the transactions affected by the
rating actions
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
January 2015.
Factors or circumstances that could lead to an upgrade of the
ratings include (1) performance of the underlying collateral that
is better than Moody's expected, (2) deleveraging of the capital
structure and (3) improvements in the credit quality of the
transaction counterparties.
Factors or circumstances that could lead to a downgrade of the
ratings include (1) performance of the underlying collateral that
is worse than Moody's expects, (2) deterioration in the notes'
available credit enhancement and (3) deterioration in the credit
quality of the transaction counterparties.
List of Affected Ratings:
Issuer: Southern Pacific Securities 05-3 plc
-- EUR130M Class A2a Notes, Affirmed Aa2 (sf); previously on
Dec 10, 2009 Downgraded to Aa2 (sf)
-- GBP105M Class A2c Notes, Affirmed Aa2 (sf); previously on
Dec 10, 2009 Downgraded to Aa2 (sf)
-- EUR24M Class B1a Notes, Upgraded to Aa2 (sf); previously on
Dec 9, 2014 Aa3 (sf) Placed Under Review for Possible
Upgrade
-- GBP11M Class B1c Notes, Upgraded to Aa2 (sf); previously on
Dec 9, 2014 Aa3 (sf) Placed Under Review for Possible
Upgrade
-- EUR9M Class C1a Notes, Confirmed at Ba2 (sf); previously on
Dec 9, 2014 Ba2 (sf) Placed Under Review for Possible
Upgrade
-- GBP12M Class C1c Notes, Confirmed at Ba2 (sf); previously
on Dec 9, 2014 Ba2 (sf) Placed Under Review for Possible
Upgrade
-- EUR10.3M Class D1a Notes, Upgraded to Caa2 (sf); previously
on Dec 9, 2014 Ca (sf) Placed Under Review for Possible
Upgrade
-- GBP3M Class D1c Notes, Upgraded to Caa2 (sf); previously on
Dec 9, 2014 Ca (sf) Placed Under Review for Possible Upgrade
Issuer: Newgate Funding PLC: Series 2006-3
-- GBP177.45M Class A2 Notes, Affirmed Aaa (sf); previously on
Oct 12, 2009 Confirmed at Aaa (sf)
-- GBP108.8M Class A3a Notes, Upgraded to Aaa (sf); previously
on Dec 9, 2014 Aa1 (sf) Placed Under Review for Possible
Upgrade
-- EUR80M Class A3b Notes, Upgraded to Aaa (sf); previously on
Dec 9, 2014 Aa1 (sf) Placed Under Review for Possible
Upgrade
-- GBP10M Class Ba Notes, Upgraded to Aa2 (sf); previously on
Dec 9, 2014 Baa2 (sf) Placed Under Review for Possible
Upgrade
-- EUR44M Class Bb Notes, Upgraded to Aa2 (sf); previously on
Dec 9, 2014 Baa2 (sf) Placed Under Review for Possible
Upgrade
-- EUR36.8M Class Cb Notes, Upgraded to Baa3 (sf); previously
on Dec 9, 2014 B3 (sf) Placed Under Review for Possible
Upgrade
-- GBP5M Class Da Notes, Upgraded to Caa1 (sf); previously on
Dec 9, 2014 Ca (sf) Placed Under Review for Possible Upgrade
-- EUR15.8M Class Db Notes, Upgraded to Caa1 (sf); previously
on Dec 9, 2014 Ca (sf) Placed Under Review for Possible
Upgrade
-- GBP5.9M Class E Notes, Confirmed at C (sf); previously on
Dec 9, 2014 C (sf) Placed Under Review for Possible Upgrade
-- EUR24.3M Class Mb Notes, Upgraded to Aa1 (sf); previously
on Dec 9, 2014 Aa3 (sf) Placed Under Review for Possible
Upgrade
-- MERCs Notes, Affirmed Aaa (sf); previously on Nov 2, 2006
Definitive Rating Assigned Aaa (sf)
Issuer: Newgate Funding PLC: Series 2007-1
-- GBP168.8M Class A2 Notes, Affirmed Aaa (sf); previously on
Aug 14, 2009 Confirmed at Aaa (sf)
-- GBP130.1M Class A3 Notes, Upgraded to Aaa (sf); previously
on Dec 9, 2014 Aa2 (sf) Placed Under Review for Possible
Upgrade
-- GBP20M Class Ba Notes, Upgraded to A3 (sf); previously on
Aug 14, 2009 Downgraded to Baa3 (sf)
-- EUR24.5M Class Bb Notes, Upgraded to A3 (sf); previously on
Aug 14, 2009 Downgraded to Baa3 (sf)
-- EUR32.1M Class Cb Notes, Upgraded to B2 (sf); previously on
Aug 14, 2009 Downgraded to Caa1 (sf)
-- GBP11M Class Ma Notes, Upgraded to Aa1 (sf); previously on
Dec 9, 2014 A2 (sf) Placed Under Review for Possible Upgrade
-- EUR5M Class Mb Notes, Upgraded to Aa1 (sf); previously on
Dec 9, 2014 A2 (sf) Placed Under Review for Possible Upgrade
-- MERC Notes, Affirmed Aaa (sf); previously on Mar 15, 2007
Definitive Rating Assigned Aaa (sf)
Issuer: Newgate Funding PLC: Series 2007-2
-- GBP135.4M Class A2 Notes, Affirmed Aaa (sf); previously on
Aug 14, 2009 Confirmed at Aaa (sf)
-- GBP103.5M Class A3 Notes, Upgraded to Aa1 (sf); previously
on Dec 9, 2014 Aa3 (sf) Placed Under Review for Possible
Upgrade
-- EUR37.7M Class Bb Notes, Upgraded to Baa2 (sf); previously
on Dec 9, 2014 Ba3 (sf) Placed Under Review for Possible
Upgrade
-- EUR25.25M Class Cb Notes, Upgraded to B2 (sf); previously
on Aug 14, 2009 Downgraded to Caa3 (sf)
-- GBP11.2M Class M Notes, Upgraded to Aa3 (sf); previously on
Dec 9, 2014 Baa2 (sf) Placed Under Review for Possible
Upgrade
-- MERC Notes, Affirmed Aaa (sf); previously on Jun 13, 2007
Definitive Rating Assigned Aaa (sf)
===============
X X X X X X X X
===============
* BOND PRICING: For the Week April 20, 2015 to April 24, 2015
-------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Ukreximbank Via Bi 8.38 4/27/2015 USD 62.55
Ajecorp BV 6.50 5/14/2022 USD 63.00
Far East Capital L 8.00 5/2/2018 USD 44.01
Heta Asset Resolut 4.38 1/24/2017 EUR 57.00
Takko Luxembourg 2 9.88 4/15/2019 EUR 44.00
OAS Investments Gm 8.25 10/19/2019 USD 16.25
DTEK Finance BV 9.50 4/28/2015 USD 66.52
CHC Helicopter SA 9.38 6/1/2021 USD 65.06
Ukraine Government 7.50 4/17/2023 USD 41.00
QGOG Constellation 6.25 11/9/2019 USD 60.50
Ukraine Government 9.25 7/24/2017 USD 39.75
Heckler & Koch Gmb 9.50 5/15/2018 EUR 68.50
Ukraine Government 4.95 10/13/2015 EUR 45.00
Ukraine Government 6.88 9/23/2015 USD 44.00
Brunswick Rail Fin 6.50 11/1/2017 USD 41.02
Heta Asset Resolut 4.25 10/31/2016 EUR 57.00
Metinvest BV 10.25 5/20/2015 USD 66.45
MHP SA 8.25 4/2/2020 USD 71.00
Ukreximbank Via Bi 8.75 1/22/2018 USD 55.80
Russian Standard B 7.56 12/1/2016 USD 73.00
Heta Asset Resolut 2.75 5/31/2016 CHF 56.99
Metinvest BV 8.75 2/14/2018 USD 49.00
NBG Finance PLC 4.38 4/30/2019 EUR 62.38
Avangardco Investm 10.00 10/29/2015 USD 40.00
Public Power Corp 5.50 5/1/2019 EUR 71.63
Helios Towers Fina 8.38 7/15/2019 USD 69.75
Oschadbank Via SSB 8.25 3/10/2016 USD 52.51
Privatbank CJSC Vi 9.38 9/23/2015 USD 39.55
Far East Capital L 8.75 5/2/2020 USD 44.00
Piraeus Group Fina 5.00 3/27/2017 EUR 69.16
Nordea Bank AB 0.70 EUR 74.89
Alpha Credit Group 3.38 6/17/2017 EUR 70.20
DTEK Finance PLC 7.88 4/4/2018 USD 41.60
Afren PLC 6.63 12/9/2020 USD 44.00
Iona Energy Co UK 9.50 9/27/2018 USD 48.00
Aegon NV 0.68 EUR 73.04
Ukraine Government 7.75 9/23/2020 USD 41.25
OSX 3 Leasing BV 13.00 3/20/2015 USD 58.25
HSH Nordbank AG/Lu 2.64 EUR 32.35
Singulus Technolog 7.75 3/23/2017 EUR 69.25
Asya Sukuk Co Ltd 7.50 3/28/2023 USD 64.00
AXA SA 1.18 EUR 72.24
Oschadbank Via SSB 8.88 3/20/2018 USD 51.81
HSH Nordbank AG 7.25 USD 41.62
Ekotechnika GmbH 9.75 5/10/2018 EUR 9.25
EnQuest PLC 7.00 4/15/2022 USD 74.00
Indo Energy Financ 6.38 1/24/2023 USD 66.63
Afren PLC 11.50 2/1/2016 USD 48.00
Heta Asset Resolut 0.10 5/31/2016 EUR 56.67
Paragon Offshore P 7.25 8/15/2024 USD 36.25
Ukraine Government 7.80 11/28/2022 USD 39.25
Bank of New York M 4.55 12/15/2050 EUR 66.67
Banco Espirito San 7.13 11/28/2023 EUR 9.00
OGX Austria GmbH 8.50 6/1/2018 USD 0.19
Ukraine Government 6.58 11/21/2016 USD 39.75
Public Power Corp 4.75 5/1/2017 EUR 74.84
Banca delle Marche 0.99 6/1/2017 EUR 50.38
Paragon Offshore P 6.75 7/15/2022 USD 35.00
EXIM of Ukraine CJ 5.79 2/9/2016 USD 40.00
Norske Skogindustr 7.00 6/26/2017 EUR 68.65
ING Groep NV 0.45 EUR 72.19
WPE International 10.38 9/30/2020 USD 6.50
Awilco Drilling PL 7.00 4/9/2019 USD 69.52
First Ukrainian In 11.00 12/31/2018 USD 39.88
Virgolino de Olive 10.50 1/28/2018 USD 3.50
Oesterreichische V 10.00 EUR 0.83
Russian Standard B 11.50 1/17/2024 USD 58.00
Banque Federative 1.02 EUR 63.34
ING Groep NV 0.85 EUR 74.48
ERB Hellas PLC 4.25 6/26/2018 EUR 62.33
Ukraine Railways v 9.50 5/21/2018 USD 39.00
Credit Agricole SA 0.71 EUR 65.57
Alcatel-Lucent 4.25 7/1/2018 EUR 4.16
Metinvest BV 10.50 11/28/2017 USD 48.15
Ukraine Government 6.25 6/17/2016 USD 39.75
Norwegian Energy C 6.50 3/6/2018 NOK 30.00
Afren PLC 10.25 4/8/2019 USD 47.88
Etablissements Mau 1.63 7/1/2019 EUR 15.24
UKRLANDFARMING PLC 10.88 3/26/2018 USD 40.75
AXA SA 0.85 EUR 74.11
Peugeot SA 4.45 1/1/2016 EUR 28.97
Tonon Luxembourg S 10.50 5/14/2024 USD 44.75
City of Kiev Ukrai 8.00 11/6/2015 USD 41.13
Oesterreichische V 0.89 11/28/2016 EUR 42.00
Hema Bondco II BV 8.50 12/15/2019 EUR 62.00
Ukraine Government 7.95 2/23/2021 USD 39.00
Yuksel Insaat AS 9.50 11/10/2015 USD 63.00
Commercial Bank Pr 5.80 2/9/2016 USD 24.88
Ukraine Government 6.75 11/14/2017 USD 39.00
Meyer Burger Techn 5.00 5/24/2017 CHF 68.67
Caixa Terrassa Soc 1.43 EUR 64.69
IMMOFINANZ AG 4.25 3/8/2018 EUR 4.82
Aegon NV 4.16 NLG 61.83
BNP Paribas Fortis 2.03 EUR 74.50
SOITEC 6.75 9/18/2018 EUR 1.46
Vseukrainsky Aktsi 9.00 6/14/2019 USD 0.83
BPCE SA 0.14 EUR 62.67
Bank of New York M 4.32 12/30/2099 EUR 34.05
Eurobank Ergasias 1.64 6/8/2017 EUR 51.93
Faurecia 3.25 1/1/2018 EUR 43.14
ESFIL-Espirito San 5.25 6/12/2015 EUR 2.80
CNP Assurances 0.53 EUR 65.08
Rothschilds Contin 0.69 USD 52.34
Banca delle Marche 1.18 6/15/2016 EUR 51.65
OGX Austria GmbH 8.38 4/1/2022 USD 0.05
Rothschilds Contin 0.91 EUR 56.58
Santander Finance 0.62 EUR 68.39
CGG SA 1.25 1/1/2019 EUR 27.12
Athens Urban Trans 4.85 9/19/2016 EUR 65.88
Astana Finance BV 7.88 6/8/2010 EUR 5.66
Mriya Agro Holding 9.45 4/19/2018 USD 11.00
City of Kyiv Via K 9.38 7/11/2016 USD 35.00
Air France-KLM 2.03 2/15/2023 EUR 11.58
Econocom Group SA/ 1.50 1/15/2019 EUR 11.10
Phosphorus Holdco 10.00 4/1/2019 GBP 2.00
Depfa Funding II L 6.50 EUR 58.26
Depfa Funding III 1.72 EUR 55.98
Alcatel-Lucent 0.13 1/30/2020 EUR 4.74
HSBC Bank PLC 0.75 USD 61.96
Codere Finance Lux 8.25 6/15/2015 EUR 64.13
Ageasfinlux SA 1.40 EUR 63.83
Transcapitalbank J 7.74 7/18/2017 USD 70.00
Noreco Norway AS 6.50 3/6/2018 NOK 45.00
MS Deutschland Bet 6.88 12/18/2017 EUR 18.00
Banque Federative 0.83 EUR 63.10
Sydbank A/S 1.22 EUR 64.60
Privatbank CJSC Vi 10.88 2/28/2018 USD 40.00
Towergate Finance 10.50 2/15/2019 GBP 1.32
Santander Internat 2.00 USD 48.00
Capital Raising Gm 7.50 EUR 12.02
Talvivaara Mining 4.00 12/16/2015 EUR 0.68
Caisse Federale du 1.17 EUR 61.06
Pescanova SA 5.13 4/20/2017 EUR 3.71
Lambay Capital Sec 6.25 GBP 1.27
Takko Luxembourg 2 7.07 4/15/2019 EUR 41.00
Investec Finance P 6.25 GBP 70.38
NIBC Bank NV 2.13 USD 65.68
Ajecorp BV 6.50 5/14/2022 USD 63.50
PA Resources AB 13.50 3/3/2016 SEK 9.63
Banco Espirito San 2.67 EUR 7.67
Renaissance Credit 13.50 5/22/2019 USD 55.75
Paragon Offshore P 7.25 8/15/2024 USD 34.75
Jasper Explorer PL 13.50 5/27/2016 USD 12.00
Island Drilling Co 9.50 4/3/2018 USD 55.00
NTRP Via Interpipe 10.25 8/2/2017 USD 25.00
Hellenic Republic 5.20 7/17/2034 EUR 58.00
Heta Asset Resolut 0.82 1/24/2017 EUR 3.39
Financing of Infra 9.00 12/7/2017 USD 38.50
Norske Skog Holdin 8.00 2/24/2021 EUR 73.18
Virgolino de Olive 11.75 2/9/2022 USD 3.88
Phones4u Finance P 9.50 4/1/2018 GBP 32.00
Assystem 4.50 EUR 28.28
Pierre & Vacances 3.50 10/1/2019 EUR 38.32
Espirito Santo Fin 6.88 10/21/2019 EUR 0.05
NIBC Bank NV 0.67 EUR 54.85
Jyske Bank A/S 0.74 EUR 64.77
PA Resources AB 12.25 4/5/2016 NOK 5.63
EnQuest PLC 7.00 4/15/2022 USD 70.63
Popular Capital SA 0.70 EUR 56.50
Jyske Bank A/S 0.98 EUR 65.33
Ukraine Government 5.00 12/20/2015 USD 47.63
Credit Mutuel Arke 0.86 EUR 61.25
Hybrid Raising Gmb 6.63 EUR 12.13
Mriya Agro Holding 10.95 3/30/2016 USD 9.95
Pescanova SA 8.75 2/17/2019 EUR 3.73
Heta Asset Resolut 0.14 5/31/2016 EUR 55.63
Danske Bank Oyj 0.73 EUR 66.44
Dannemora Mineral 11.75 3/22/2016 USD 0.67
Praktiker AG 5.88 2/10/2016 EUR 0.14
Barclays Bank PLC 1.18 3/21/2033 USD 66.50
Windreich GmbH 6.50 7/15/2016 EUR 10.88
Far East Capital L 8.00 5/2/2018 USD 41.75
Koninklijke Luchtv 0.75 CHF 29.85
Oesterreichische V 9.06 7/26/2018 EUR 39.75
Pohjola Bank Oyj 0.64 EUR 69.84
Scandinavian Airli 2.38 CHF 28.38
Espirito Santo Fin 3.13 12/2/2018 EUR 2.21
Piraeus Group Fina 1.91 7/20/2016 EUR 64.90
ATF Capital BV 10.00 USD 64.00
Rena GmbH 8.25 7/11/2018 EUR 9.50
Heta Asset Resolut 4.88 9/18/2017 EUR 2.78
Norshore Atlantic 12.00 12/21/2018 USD 61.00
Aralco Finance SA 10.13 5/7/2020 USD 9.10
Nexans SA 4.00 1/1/2016 EUR 55.04
Banco Espanol de C 1.25 EUR 68.67
Barclays Bank PLC 1.44 3/28/2033 USD 66.00
HSBC Bank PLC 0.60 USD 62.09
JZ Capital Partner 6.00 7/30/2021 GBP 11.00
Virgolino de Olive 10.88 1/13/2020 USD 25.50
Le Noble Age 4.88 1/3/2016 EUR 19.68
Belfius Bank SA/NV 2.05 FRF 55.00
Etablissements Mau 7.13 7/31/2015 EUR 13.39
Songa Offshore 7.50 12/11/2018 NOK 74.17
Finance and Credit 9.25 1/25/2019 USD 10.00
BLT Finance BV 7.50 5/15/2014 USD 5.00
Corporate Commerci 8.25 8/8/2014 USD 3.43
Depfa Funding IV L 5.03 EUR 58.00
Nexity SA 0.63 1/1/2020 EUR 50.54
Astana Finance BV 9.00 11/16/2011 USD 5.50
Cirio Holding Luxe 6.25 2/16/2004 EUR 1.91
Jacktel AS 7.00 7/9/2019 EUR 72.75
Hellenic Republic 2.09 7/25/2057 EUR 14.63
Bank of Scotland P 0.63 USD 63.41
BNP Paribas SA 0.48 USD 63.03
GNB - Cia de Segur 3.53 EUR 68.80
Hellenic Republic 5.25 2/1/2016 JPY 69.50
Afren PLC 6.63 12/9/2020 USD 46.25
Hellenic Republic 6.14 4/14/2028 EUR 64.75
Hellenic Republic 5.00 8/22/2016 JPY 67.38
Global PVQ SE 6.75 10/21/2015 EUR 1.06
Paragon Offshore P 6.75 7/15/2022 USD 34.75
HSBC Bank PLC 0.69 USD 62.07
Financing of Infra 7.40 4/20/2018 USD 38.00
Hellenic Railways 4.03 3/17/2017 EUR 69.63
Lehman Brothers UK 5.75 EUR 0.02
Portigon AG 7.46 12/31/2019 EUR 15.00
Brunswick Rail Fin 6.50 11/1/2017 USD 41.02
Barclays Bank PLC 5.60 11/29/2030 USD 74.00
Heta Asset Resolut 1.91 9/29/2016 JPY 49.38
Orpea 1.75 1/1/2020 EUR 67.76
Afren PLC 10.25 4/8/2019 USD 43.63
Hellenic Republic 3.80 8/8/2017 JPY 66.75
Societe Air France 2.75 4/1/2020 EUR 20.61
Far East Capital L 8.75 5/2/2020 USD 36.92
OAS Investments Gm 8.25 10/19/2019 USD 15.25
SNS Bank NV 11.25 EUR 0.66
Commerzbank Holdin 0.75 USD 60.55
IM Skaugen SE 9.60 6/30/2016 NOK 50.00
BOA Offshore AS 8.04 12/18/2018 NOK 68.25
Lloyds Bank PLC 1.70 2/22/2033 USD 66.50
Barclays Bank PLC 2.95 5/31/2033 USD 67.00
RENE LEZARD Mode G 7.25 11/25/2017 EUR 34.85
Dexia Credit Local 4.30 EUR 7.25
Heta Asset Resolut 5.92 2/22/2022 EUR 2.00
Heta Asset Resolut 4.35 11/3/2016 EUR 3.27
Hellas Telecommuni 8.50 10/15/2013 EUR 0.00
Air Berlin Finance 1.50 4/11/2027 EUR 75.00
friedola Gebr Holz 7.25 4/11/2017 EUR 41.75
Afren PLC 11.50 2/1/2016 USD 42.41
SNS Bank NV 6.25 10/26/2020 EUR 2.40
Ukraine Government 9.25 7/24/2017 USD 43.62
Lehman Brothers UK 5.13 EUR 0.06
Hellenic Republic 4.50 11/8/2016 JPY 67.63
Cirio Finanziaria 8.00 12/21/2005 EUR 1.58
Mox Telecom AG 7.25 11/2/2017 EUR 2.63
TAG Immobilien AG 6.50 12/10/2015 EUR 12.60
Tonon Luxembourg S 10.50 5/14/2024 USD 52.50
Espirito Santo Fin 9.75 12/19/2025 EUR 3.88
Societe Generale S 0.44 USD 62.72
Laurel GmbH 7.13 11/16/2017 EUR 39.13
Financing of Infra 8.38 11/3/2017 USD 38.50
PNE Wind AG 3.75 10/10/2019 EUR 3.01
UniCredit Bank Aus 0.50 12/27/2031 EUR 66.63
Hellenic Railways 4.50 12/6/2016 JPY 67.88
Societe Generale S#N/A N/A 4/12/2033 USD 73.70
More & More AG 8.13 6/11/2018 EUR 49.88
Nordea Bank Norge 0.56 USD 64.46
Lloyds Bank PLC 0.60 USD 63.41
Kaupthing Bank Hf 9.00 USD 0.13
Ukraine Government 7.50 4/17/2023 USD 44.57
Virgolino de Olive 10.50 1/28/2018 USD 18.00
Sairgroup Finance 4.38 6/8/2006 EUR 12.13
Deutsche Morgan Gr 0.65 USD 60.25
BDT Media Automati 8.13 10/9/2017 EUR 57.13
MHP SA 8.25 4/2/2020 USD 70.58
Golden Gate AG 6.50 10/11/2014 EUR 39.00
Dexia Kommunalbank 5.63 12/31/2017 EUR 12.00
International Indu 9.00 7/6/2011 EUR 0.66
Dexia Kommunalbank 4.88 12/31/2016 EUR 20.10
Towergate Finance 10.50 2/15/2019 GBP 1.32
Barclays Bank PLC 0.63 USD 60.50
Windreich GmbH 6.50 3/1/2015 EUR 10.88
Hellenic Railways 5.01 12/27/2017 EUR 66.00
EDOB Abwicklungs A 7.50 4/1/2012 EUR 0.75
Alpine Holding Gmb 6.00 5/22/2017 EUR 0.00
OGX Austria GmbH 8.50 6/1/2018 USD 0.01
Hellenic Republic 4.50 7/3/2017 JPY 67.63
Gamigo AG 8.50 6/19/2018 EUR 72.75
Pescanova SA 6.75 3/5/2015 EUR 3.12
Kezizalog Zrt 7.75 10/1/2018 EUR 9.51
National Westminst 0.63 USD 63.75
Lehman Brothers Tr 6.00 11/2/2035 EUR 5.38
QGOG Constellation 6.25 11/9/2019 USD 58.50
Norske Skog Holdin 8.00 2/24/2023 USD 70.00
Ukraine Government 6.88 9/23/2015 USD 46.99
Talvivaara Mining 9.75 4/4/2017 EUR 0.03
Cirio Finance Luxe 7.50 11/3/2002 EUR 7.75
Norske Skog Holdin 8.00 2/24/2021 EUR 73.00
Rena GmbH 7.00 12/15/2015 EUR 9.50
Club Mediterranee 6.11 11/1/2015 EUR 24.37
KPNQwest NV 10.00 3/15/2012 EUR 0.50
Hellenic Railways 4.50 12/6/2016 JPY 69.88
Royal Bank of Scot 0.63 USD 62.32
Ideal Standard Int 11.75 5/1/2018 EUR 40.50
APP International 11.75 10/1/2005 USD 5.00
SiC Processing Gmb 7.13 3/1/2016 EUR 4.00
Banco Pinto & Sott 1.08 EUR 34.00
Heta Asset Resolut 4.25 5/31/2016 EUR 56.63
Ukraine Government 7.75 9/23/2020 USD 43.33
Sazka AS 9.00 7/12/2021 EUR 1.83
Mechel 8.40 5/27/2021 RUB 55.07
Takko Luxembourg 2 9.88 4/15/2019 EUR 45.34
Metinvest BV 10.25 5/20/2015 USD 65.50
Lloyds Bank PLC 0.48 USD 63.63
ADLER Real Estate 6.00 6/30/2017 EUR 14.00
Sidetur Finance BV 10.00 4/20/2016 USD 13.00
Cirio Del Monte NV 7.75 3/14/2005 EUR 2.18
IT Holding Finance 9.88 11/15/2012 EUR 0.11
Northland Resource 4.00 10/15/2020 USD 0.15
Hellenic Republic 5.25 2/1/2016 JPY 69.50
Banca Carige SpA 8.34 EUR 75.00
Barclays Bank PLC 3.44 4/19/2033 USD 66.00
Lloyds Bank PLC 0.44 USD 63.41
Travel24.com AG 7.50 9/17/2017 EUR 55.00
Cooperatieve Centr 0.50 11/26/2021 ZAR 55.97
OGX Austria GmbH 8.38 4/1/2022 USD 0.03
Kaupthing Bank Hf 7.13 5/19/2016 USD 0.00
International Indu 11.00 2/19/2013 USD 0.66
Ukraine Railways v 9.50 5/21/2018 USD 40.00
Metinvest BV 8.75 2/14/2018 USD 40.25
National Westminst 0.69 USD 62.41
SU-155 KAPITAL OOO 13.25 2/23/2016 RUB 45.00
Deutsche Bank AG/L 1.00 1/31/2033 USD 66.00
Northland Resource 15.00 7/15/2019 USD 1.13
LBI HF 6.10 8/25/2011 USD 9.19
TGC-2 OJSC 12.00 10/10/2018 RUB 64.56
Den Norske Creditb 0.53 USD 63.37
Codere Finance Lux 9.25 2/15/2019 USD 64.00
DNB Bank ASA 0.56 USD 63.55
Glitnir HF 6.69 6/15/2016 USD 0.02
Heta Asset Resolut 4.63 3/4/2018 EUR 54.13
TradeDoubler AB 6.75 12/20/2018 SEK 67.13
Lehman Brothers Tr 7.25 10/5/2035 EUR 4.62
LBI HF 6.25 EUR 0.00
Norske Skogindustr 7.13 10/15/2033 USD 46.75
Heta Asset Resolut 0.67 11/29/2032 EUR 2.80
Depfa ACS Bank 0.25 7/8/2033 CAD 24.00
Ukraine Government 7.95 2/23/2021 USD 43.39
Popular Capital SA 7.00 11/25/2015 EUR 30.00
Seabird Exploratio 6.00 12/18/2015 USD 26.13
Teak Holz Internat 5.00 8/31/2015 EUR 70.00
Lehman Brothers Tr 6.00 2/15/2035 EUR 3.95
Swiss Re Europe Ho 6.85 USD 40.13
Sympatex Holding G 8.00 12/3/2018 EUR 66.13
Barclays Bank PLC 0.63 USD 64.90
Barclays Bank PLC 1.56 GBP 71.55
MT-Energie GmbH & 8.25 4/4/2017 EUR 11.21
Russian Standard B 13.00 4/10/2020 USD 65.75
Heta Asset Resolut 0.24 4/9/2043 EUR 60.00
KA Finanz AG 5.43 2/13/2024 EUR 50.88
Karlie Group GmbH 6.75 6/25/2018 EUR 56.21
Ukraine Government 7.80 11/28/2022 USD 43.63
Glitnir HF 6.33 7/28/2011 USD 12.00
Heckler & Koch Gmb 9.50 5/15/2018 EUR 69.13
getgoods.de AG 7.75 10/2/2017 EUR 5.38
Mifa Mitteldeutsch 7.50 8/12/2018 EUR 3.90
Ukraine Government 6.25 6/17/2016 USD 43.47
Kaupthing Bank Hf 5.75 10/4/2011 USD 14.13
Solarworld AG 6.13 1/21/2017 EUR 31.88
Penell GmbH Elektr 7.75 6/10/2019 EUR 8.10
Codere Finance Lux 9.25 2/15/2019 USD 64.00
DEMIRE Real Estate 6.00 12/30/2018 EUR 3.51
Societe Generale S 1.50 2/28/2033 USD 73.39
Kaupthing Bank Hf 7.63 2/28/2015 USD 14.13
Barclays Bank PLC 0.63 USD 63.75
Saphir Finance PLC 6.85 GBP 1.38
Ukraine Government 5.00 12/20/2015 USD 47.63
Breeze Finance SA 6.71 4/19/2027 EUR 44.00
DTEK Finance PLC 7.88 4/4/2018 USD 34.49
Oesterreichische V 9.06 7/26/2024 EUR 65.00
Region of Abruzzo 0.56 11/7/2036 EUR 63.74
Virgolino de Olive 11.75 2/9/2022 USD 4.00
Kaupthing Bank Hf 6.25 EUR 0.00
GNB - Cia de Segur 2.23 12/19/2022 EUR 61.55
Societe Generale S 1.92 EUR 64.19
Mechel 8.40 6/1/2021 RUB 55.03
Dexia SA 4.89 EUR 9.00
Raiffeisenlandesba 4.40 4/17/2024 EUR 71.75
Gunther Zamek Prod 7.75 5/15/2017 EUR 4.98
Lehman Brothers Tr 8.25 3/16/2035 EUR 5.38
Indo Energy Financ 6.38 1/24/2023 USD 70.50
DTEK Finance BV 9.50 4/28/2015 USD 66.77
IKB Deutsche Indus 5.63 3/31/2017 EUR 22.27
Gigaset AG 3.00 4/22/2015 EUR 0.78
Standard Chartered 0.69 GBP 62.63
Lloyds Bank PLC 1.29 1/31/2033 USD 69.50
Accentro Real Esta 6.25 3/27/2019 EUR 2.60
National Westminst 0.56 USD 63.50
SU-155 KAPITAL OOO 13.25 2/23/2016 RUB 45.12
Raiffeisen Bank In 4.50 9/28/2035 EUR 62.50
EFG International 1.35 EUR 68.38
Frey 6.00 11/15/2022 EUR 21.00
Den Norske Creditb 0.56 USD 63.42
Sairgroup Finance 6.63 10/6/2010 EUR 15.88
Kaupthing Bank Hf 5.75 10/4/2011 USD 14.13
Region of Piemont 0.34 11/27/2036 EUR 60.30
Hellenic Railways 0.66 5/24/2016 EUR 71.63
Hellenic Republic 5.00 8/22/2016 JPY 66.88
Espirito Santo Fin 5.13 5/30/2016 EUR 3.57
Ukraine Government 4.95 10/13/2015 EUR 42.17
Region of Puglia I 0.53 2/6/2023 EUR 74.25
Virgolino de Olive 10.88 1/13/2020 USD 18.25
CRC Breeze Finance 6.11 5/8/2016 EUR 48.13
Abanka Vipa DD Via 1.95 EUR 0.49
Financing of Infra 8.38 11/3/2017 USD 39.60
Credit Suisse AG/G 0.56 USD 68.71
Mechel 10.00 8/25/2020 RUB 69.00
Alpine Holding Gmb 5.25 7/1/2015 EUR 0.01
Oesterreichische V 9.06 7/26/2019 EUR 34.25
Kaupthing Bank Hf 6.50 2/3/2045 EUR 0.00
Ukraine Government 6.75 11/14/2017 USD 42.87
Alpha Credit Group 1.75 2/1/2017 EUR 55.62
Del Monte Finance 6.63 5/24/2006 EUR 13.88
Assystem 4.00 1/1/2017 EUR 23.14
Glitnir HF 6.00 3/5/2012 GBP 12.00
Heta Asset Resolut 1.59 6/30/2019 CHF 52.25
BNP Paribas SA 1.28 4/30/2033 USD 65.38
Heta Asset Resolut 7.50 5/27/2024 ATS 3.81
Banco Espirito San 2.88 EUR 7.38
Metinvest BV 10.50 11/28/2017 USD 46.88
Norske Skogindustr 7.13 10/15/2033 USD 46.75
ADLER Real Estate 6.00 12/27/2018 EUR 13.75
Solarworld AG 6.38 7/13/2016 EUR 31.50
Petromena ASA 9.75 5/24/2015 NOK 1.95
Finmek Internation 7.00 12/3/2004 EUR 0.13
Barclays Bank PLC 0.41 12/28/2040 EUR 68.79
GFI Informatique S 5.25 1/1/2017 EUR 6.40
Cyprus Popular Ban 1.79 5/26/2016 EUR 3.39
Banco Pastor SA 2.44 EUR 49.50
Investkredit Bank 3.55 4/12/2022 EUR 75.00
Svyaznoy Bank ZAO 12.00 8/6/2015 RUB 42.06
Global PVQ Netherl 5.75 5/26/2014 EUR 26.38
Barclays Bank PLC 2.31 6/17/2033 USD 72.25
Heta Asset Resolut 0.12 5/31/2016 CHF 56.88
Mechel 10.00 8/25/2020 RUB 69.00
Lehman Brothers Tr 2.88 3/14/2013 CHF 11.13
Heta Asset Resolut 0.49 12/18/2030 EUR 4.52
Global PVQ Netherl 1.38 4/30/2012 EUR 25.13
Ukraine Government 6.58 11/21/2016 USD 43.39
Glitnir HF 8.00 EUR 1.00
LBI HF 7.43 USD 0.00
EXER D GmbH 5.70 2/1/2016 EUR 60.00
A-TEC Industries A 8.75 10/27/2014 EUR 2.00
Heta Asset Resolut 3.42 11/7/2016 EUR 49.00
Hema Bondco II BV 8.50 12/15/2019 EUR 62.00
Standard Chartered 0.69 USD 61.00
DEIKON GmbH 1.00 11/16/2016 EUR 23.22
Heta Asset Resolut 0.31 9/26/2043 EUR 46.88
Kaupthing Bank Hf 3.00 2/12/2010 CHF 13.75
Municipality Finan 0.50 3/28/2018 BRL 72.55
Hellenic Republic 0.76 8/10/2019 EUR 58.20
SU-155 KAPITAL OOO 13.25 2/23/2016 RUB 44.02
LBI HF 4.65 EUR 0.00
Cooperatieve Centr 0.50 10/29/2027 MXN 46.83
Northland Resource 4.00 10/15/2020 NOK 0.15
Banca Intesa ZAO 9.75 10/25/2015 RUB 60.22
Alpine Holding Gmb 5.25 6/10/2016 EUR 0.01
Italy Government I 0.72 7/31/2045 EUR 74.60
Global PVQ Netherl 1.38 4/30/2012 EUR 23.88
BKN biostrom AG 7.50 6/5/2016 EUR 1.50
Raiffeisenlandesba 5.00 7/1/2026 EUR 67.50
IKB Deutsche Indus 4.70 3/31/2017 EUR 22.00
Banco Comercial Po 5.00 EUR 63.00
Petromena ASA 10.85 11/19/2014 USD 1.95
Codere Finance Lux 8.25 6/15/2015 EUR 63.75
Santander Finance 2.00 EUR 40.63
MegaFon OAO 9.45 5/7/2024 RUB 65.01
La Veggia Finance 7.13 11/14/2004 EUR 0.63
BLT Finance BV 12.00 2/10/2015 USD 10.50
Deutsche Bank AG 1.24 6/28/2033 USD 72.09
Teksid Aluminum Lu 11.38 7/15/2011 EUR 0.01
Agroton Public Ltd 6.00 7/14/2019 USD 30.13
Kaupthing Bank Hf 6.75 EUR 0.00
Petrol AD 8.38 1/26/2017 EUR 25.00
Mechel 8.40 5/27/2021 RUB 50.05
Banco Espirito San 10.00 12/6/2021 EUR 10.75
Nationwide Buildin 1.06 GBP 70.00
Standard Chartered 0.50 USD 60.50
Credit Agricole Co 0.50 2/28/2018 RUB 71.65
Strenesse AG 9.00 3/15/2017 EUR 45.10
Oesterreichische V 0.78 6/18/2018 EUR 64.88
Espirito Santo Fin 5.05 11/15/2025 EUR 2.87
Bank of Khanty-Man 9.15 6/18/2023 USD 74.63
Bank Nederlandse G 0.50 7/12/2022 ZAR 53.15
KPNQwest NV 7.13 6/1/2009 EUR 0.50
Raiffeisenlandesba 4.00 6/28/2023 EUR 72.75
WPE International 10.38 9/30/2020 USD 6.00
Solen AG 7.50 4/8/2016 EUR 1.11
Hellenic Republic 2.27 2/7/2022 EUR 54.00
Lehman Brothers Tr 5.00 3/18/2015 EUR 4.42
Oesterreichische V 5.27 2/8/2027 EUR 62.75
Colonia Real Estat 5.88 5/11/2015 EUR 6.97
Centrosolar Group 7.00 2/15/2016 EUR 2.14
Santander Finance 2.00 EUR 38.25
Bulgaria Steel Fin 12.00 5/4/2013 EUR 1.00
Standard Chartered 0.59 USD 60.83
Freshwater Finance 6.06 10/17/2036 GBP 74.75
Marine Subsea AS 9.00 12/16/2019 USD 0.50
Artea 6.00 8/4/2019 EUR 13.61
Danske Bank Oyj 1.63 EUR 72.13
Orient Express Ban 13.60 8/9/2018 RUB 46.50
Autonomous Communi 7.55 7/21/2026 EUR 54.52
Oesterreichische V 3.00 8/2/2016 EUR 73.75
Heta Asset Resolut 0.25 3/29/2017 EUR 56.00
Norske Skog Holdin 8.00 2/24/2023 USD 70.00
Hypo Tirol Bank AG 0.50 7/23/2026 EUR 56.88
Lehman Brothers Tr 7.00 5/17/2035 EUR 4.95
WGF Westfaelische 6.35 12/1/2016 EUR 8.00
Phosphorus Holdco 10.00 4/1/2019 GBP 2.00
KPNQwest NV 8.88 2/1/2008 EUR 0.50
Sovcombank ICB JSC 13.40 6/20/2016 RUB 60.04
Cooperatieve Centr 0.50 11/30/2027 MXN 48.50
Heta Asset Resolut 5.03 1/26/2017 EUR 3.63
Tjiwi Kimia Intern 13.25 8/1/2001 USD 15.50
Standard Chartered 0.59 USD 61.00
City of Kiev Ukrai 8.00 11/6/2015 USD 41.13
Vnesheconombank 8.10 9/27/2018 RUB 70.07
Solon SE 1.38 12/6/2012 EUR 0.33
UniCredit Bank Aus 0.57 8/20/2033 EUR 64.63
HC Finance OOO 8.25 11/26/2021 RUB 60.00
Agentstvo po Ipote 7.49 2/15/2017 RUB 56.00
KA Finanz AG 4.90 6/23/2031 EUR 63.13
Breeze Finance SA 11.75 4/19/2027 EUR 3.00
Kaupthing Bank Hf 5.25 7/18/2017 BGN 13.75
SAir Group 0.13 7/7/2005 CHF 12.13
CBo Territoria 6.00 1/1/2020 EUR 4.01
DEIKON GmbH 1.00 7/1/2015 EUR 24.26
SNS Bank NV 6.63 5/14/2018 EUR 2.40
IVG Immobilien AG 5.83 EUR 0.00
Allied Irish Banks 0.81 10/24/2035 EUR 23.13
UKRLANDFARMING PLC 10.88 3/26/2018 USD 38.50
Financing of Infra 7.40 4/20/2018 USD 39.76
Cooperatieve Centr 0.50 7/30/2043 MXN 20.80
Solar Millennium A 6.50 7/15/2015 EUR 11.50
Allied Irish Banks 5.25 3/10/2035 GBP 26.50
Astana Finance BV 14.50 7/2/2013 USD 5.88
Lehman Brothers Tr 5.00 2/16/2015 EUR 4.55
Glitnir HF 4.75 10/15/2010 USD 12.00
Russian Federal Bo 7.05 1/19/2028 RUB 74.79
Rostelecom OJSC 8.55 11/2/2017 RUB 60.01
City of Kyiv Via K 9.38 7/11/2016 USD 41.13
InterOil Explorati 15.00 3/14/2016 NOK 30.00
Glitnir HF 4.38 2/5/2010 EUR 12.00
Glitnir HF 3.00 6/30/2010 EUR 12.00
UniCredit Bank ZAO 12.00 11/20/2019 RUB 60.00
ffk environment Gm 7.25 6/1/2016 EUR 3.78
Societe Centrale d 9.00 7/1/2016 EUR 7.18
Takko Luxembourg 2 7.07 4/15/2019 EUR 41.68
Bashneft OAO 8.35 12/13/2016 RUB 60.15
LBI HF 6.10 8/25/2011 USD 9.13
Heta Asset Resolut 1.29 5/31/2016 EUR 57.00
Lehman Brothers Tr 8.00 2/16/2016 EUR 4.42
Societe Generale S 2.37 11/29/2032 USD 70.14
Privatbank CJSC Vi 10.88 2/28/2018 USD 40.00
Gazprom OAO 9.30 10/21/2043 RUB 5.35
Eirles Two Ltd 0.81 9/30/2046 USD 55.13
Cooperatieve Centr 0.50 10/30/2043 MXN 20.25
SAG Solarstrom AG 6.25 12/14/2015 EUR 45.00
Lehman Brothers Tr 8.50 7/5/2016 EUR 4.42
Russian Railways J 8.20 3/21/2028 RUB 60.01
Governo Portugues 3.00 EUR 73.00
Governo Portugues 2.75 EUR 60.00
Heta Asset Resolut 4.54 9/22/2017 EUR 52.25
Glitnir HF 5.44 12/22/2015 USD 12.00
SU-155 KAPITAL OOO 15.50 5/18/2015 RUB 69.02
Barclays Bank PLC 3.46 2/28/2034 USD 71.00
Kaupthing Bank Hf 5.50 2/2/2009 USD 13.75
Schneekoppe GmbH & 6.45 9/20/2015 EUR 5.50
Mortgage Agent KHM 9.20 8/25/2045 RUB 74.74
Volkswagen Bank Ru 9.35 6/29/2019 RUB 58.02
Hellenic Bank PCL 11.00 EUR 65.38
Russian Federal Bo 14.85 3/3/2027 RUB 60.00
Heta Asset Resolut 5.73 12/10/2021 EUR 3.01
Kaupthing Bank Hf 6.13 10/4/2016 USD 13.75
Dolomite Capital L 12.01 12/20/2019 ZAR 53.20
Lehman Brothers Tr 8.25 12/3/2015 EUR 8.13
Financing of Infra 9.00 12/7/2017 USD 39.90
Agentstvo po Ipote 9.60 3/1/2033 RUB 60.00
LBI HF 2.25 2/14/2011 CHF 3.28
Barclays Bank PLC 3.84 8/15/2033 USD 73.00
Heta Asset Resolut 0.32 8/12/2017 EUR 55.00
Heta Asset Resolut 5.27 4/7/2028 EUR 2.60
Metalloinvest Hold 0.01 3/7/2022 RUB 60.00
Lehman Brothers Tr 6.00 3/18/2015 USD 4.42
Public Power Corp 5.50 5/1/2019 EUR 71.98
Region of Abruzzo 0.40 11/7/2031 EUR 70.57
Kommunekredit 0.50 10/22/2019 BRL 61.72
Glitnir HF 5.31 12/24/2012 USD 12.00
Lehman Brothers Tr 5.10 5/8/2017 HKD 29.88
Mobile TeleSystems 8.25 3/22/2023 RUB 60.01
Lehman Brothers Tr 5.00 9/22/2014 EUR 4.42
Kaupthing Bank Hf 6.13 10/4/2016 USD 13.75
Piraeus Bank SA 0.98 2/9/2017 EUR 73.24
Bank Nederlandse G 0.50 9/20/2022 MXN 70.41
Heta Asset Resolut 6.94 6/10/2017 EUR 51.50
Espirito Santo Fin 5.05 11/15/2025 EUR 2.22
Sidetur Finance BV 10.00 4/20/2016 USD 18.63
MegaFon Finans OOO 9.85 9/29/2022 RUB 70.01
Aralco Finance SA 10.13 5/7/2020 USD 6.88
Lehman Brothers Tr 7.00 11/26/2013 EUR 4.42
Tele2-Sankt-Peters 8.40 6/11/2021 RUB 56.01
Transcapitalbank J 15.00 3/15/2016 RUB 60.05
Erste Europaische 0.25 2/1/2037 USD 72.72
HSBC Bank PLC 0.50 4/27/2027 NZD 59.00
UniCredit Bank ZAO 9.70 5/17/2019 RUB 60.01
Atari SA 0.50 9/30/2015 EUR 1.34
Mriya Agro Holding 9.45 4/19/2018 USD 10.13
Rostelecom OJSC 9.15 6/7/2018 RUB 60.01
Kaupthing Bank Hf 7.50 2/1/2045 USD 0.00
RESO-Garantia OCAO 14.00 9/13/2022 RUB 60.01
Santander Finance 2.00 USD 19.88
UniCredit Bank Aus 0.41 1/25/2031 EUR 68.88
Heta Asset Resolut 0.11 5/31/2016 EUR 49.00
Alpha Credit Group 0.55 2/21/2021 EUR 29.05
KPNQwest NV 8.13 6/1/2009 USD 0.50
CaixaBank SA 1.92 EUR 49.00
HSBC Bank PLC 0.50 2/24/2027 NZD 59.58
GlobexBank CJSC 13.20 12/4/2015 RUB 60.03
VEB-Leasing OAO 8.50 3/1/2018 RUB 54.01
Kaupthing Bank Hf 1.80 10/20/2009 JPY 13.75
Finibanco Holding 5.00 EUR 50.00
SNS Bank NV 2.81 EUR 0.27
HSBC Bank PLC 0.50 2/24/2023 AUD 73.90
A-TEC Industries A 2.75 5/10/2014 EUR 2.00
Locko-Bank ZAO 9.50 7/23/2015 RUB 60.02
Hamburgische Lande 0.44 1/22/2041 EUR 59.11
Lehman Brothers Tr 6.00 3/14/2011 EUR 4.42
Atari SA 7.50 2/17/2020 EUR 0.29
Heta Asset Resolut 0.30 8/21/2017 EUR 53.25
Piraeus Bank SA 0.99 12/27/2016 EUR 74.84
Kommunekredit 0.50 7/30/2027 TRY 31.80
Svyaznoy Bank ZAO 13.50 6/8/2018 RUB 53.00
Eksportfinans ASA 0.50 5/9/2030 CAD 27.50
Bong AB 10.00 6/27/2018 SEK 1.00
Phones4u Finance P 9.50 4/1/2018 GBP 31.63
LBI HF 3.00 12/7/2010 CHF 3.28
Kaupthing Bank Hf 5.90 EUR 0.13
HSBC Bank PLC 0.50 1/29/2027 NZD 59.77
SAir Group 5.50 7/23/2003 CHF 11.63
Heta Asset Resolut 0.30 3/12/2043 EUR 48.38
UniCredit Bank ZAO 10.30 8/6/2019 RUB 60.01
Lehman Brothers Tr 5.25 5/26/2026 EUR 4.42
Kaupthing Bank Hf 4.70 2/15/2010 CAD 13.75
Heta Asset Resolut 0.25 3/29/2017 EUR 49.88
Credit Europe Bank 11.25 9/5/2016 RUB 60.05
Pongs & Zahn AG 8.50 EUR 0.18
Bulgaria Governmen 2.63 3/26/2027 EUR 21.85
UniCredit Bank Aus 0.45 1/24/2031 EUR 67.50
Novosibirsk Govern 7.79 10/30/2018 RUB 60.01
Heta Asset Resolut 5.80 6/17/2017 EUR 52.25
Atari SA 0.10 4/1/2020 EUR 1.81
Acron JSC 10.25 5/18/2021 RUB 70.01
Heta Asset Resolut 0.29 7/28/2017 EUR 52.25
Heta Asset Resolut 0.28 8/28/2017 EUR 52.25
Heta Asset Resolut 0.29 3/10/2018 EUR 54.00
Bank Nederlandse G 0.50 5/12/2021 ZAR 61.14
Heta Asset Resolut 0.32 7/1/2017 EUR 49.00
Rena Lange Holding 8.00 12/12/2017 EUR 0.74
Mechel 8.00 2/9/2021 RUB 42.51
Mersey Docks & Har 3.63 GBP 60.00
Lehman Brothers Tr 4.50 5/2/2017 EUR 4.42
Barclays Bank PLC 0.50 4/24/2023 MXN 60.69
Heta Asset Resolut 0.20 2/17/2017 EUR 56.63
Solarwatt GmbH 7.00 11/1/2015 EUR 14.50
Credit Suisse AG/L 1.64 6/1/2042 USD 57.19
Atari SA 0.50 9/30/2015 EUR 1.94
Santander Finance 2.00 USD 19.75
Oesterreichische V 5.05 8/5/2030 EUR 17.38
Rosselkhozbank OJS 7.90 9/18/2023 RUB 70.01
Banco Espirito San 1.59 5/27/2018 EUR 10.75
HSBC Bank PLC 0.50 10/30/2026 NZD 60.68
SAir Group 6.25 4/12/2005 CHF 11.38
SAG Solarstrom AG 7.50 7/10/2017 EUR 45.00
UniCredit Bank ZAO 8.10 11/20/2018 RUB 55.01
Russian Railways J 9.00 9/20/2039 RUB 3.30
Oesterreichische V 9.06 7/26/2020 EUR 34.25
A-TEC Industries A 5.75 11/2/2010 EUR 2.00
Glitnir HF 1.63 3/11/2009 CHF 12.00
Lehman Brothers Tr 3.03 1/31/2015 EUR 8.13
Investkredit Bank 0.56 3/14/2020 EUR 70.41
Europlan ZAO 12.50 10/31/2017 RUB 59.01
Lehman Brothers Tr 4.00 10/24/2012 EUR 4.42
OL Groupe SA 7.00 12/28/2015 EUR 7.86
Republika Srpska 9.00 9/26/2027 BAM 62.05
Heta Asset Resolut 0.17 1/24/2017 EUR 54.75
HYPO NOE Gruppe Ba 2.25 1/29/2035 EUR 67.28
Societe Generale S 0.50 5/30/2023 MXN 63.18
Heta Asset Resolut 5.04 2/15/2023 EUR 49.13
Bashneft OAO 10.70 5/13/2024 RUB 70.01
Oesterreichische V 4.25 9/7/2020 EUR 25.00
Heta Asset Resolut 0.27 4/9/2018 EUR 49.00
Barclays Bank PLC 1.73 4/9/2028 USD 70.62
CARPEVIGO AG 8.25 6/30/2016 EUR 29.89
Lehman Brothers Tr 1.00 5/9/2012 EUR 4.42
Lehman Brothers Tr 6.00 10/30/2012 EUR 4.42
Lehman Brothers Tr 11.00 12/20/2017 AUD 4.42
Municipality Finan 0.50 6/19/2024 ZAR 44.51
Rosselkhozbank OJS 9.95 2/9/2018 RUB 60.01
Lehman Brothers Tr 4.00 12/2/2012 EUR 4.42
RVK-Finans LLC 9.60 11/9/2015 RUB 60.01
Alpha Credit Group 2.00 4/27/2024 EUR 19.53
DeltaCredit Bank 11.92 10/10/2024 RUB 74.78
Heta Asset Resolut 4.70 4/2/2018 EUR 53.50
Mriya Agro Holding 10.95 3/30/2016 USD 10.75
Oesterreichische V 6.00 3/30/2017 EUR 59.00
Svensk Exportkredi 0.50 8/25/2021 ZAR 61.39
Glitnir HF 6.38 9/25/2012 USD 12.00
Ecureuil Vie Devel 0.98 EUR 28.00
Emova Group 4.30 5/2/2022 EUR 4.11
Njord Gas Infrastr 5.10 9/30/2027 USD 73.55
Lehman Brothers Tr 8.00 10/17/2014 EUR 4.42
BNP Paribas SA 0.50 9/29/2029 AUD 56.95
Kommunekredit 0.50 12/14/2020 ZAR 65.55
Mortgage Agent Abs 9.20 11/12/2040 RUB 75.00
BLT Finance BV 7.50 5/15/2014 USD 5.00
Heta Asset Resolut 3.90 1/24/2017 EUR 52.63
UTair-Finans OOO 13.00 11/13/2015 RUB 34.10
International Bank 13.50 6/23/2016 RUB 60.14
UniCredit Bank Aus 0.67 12/27/2026 EUR 72.63
Forth Ports Ltd 3.75 GBP 62.00
Eitzen Chemical AS 12.36 6/6/2016 NOK 20.88
Heta Asset Resolut 5.68 7/5/2017 EUR 49.25
Alpha Credit Group 2.00 11/28/2032 EUR 8.75
Bank Otkritie Fina 15.50 2/28/2017 RUB 61.01
HSBC Bank PLC 0.50 12/8/2026 AUD 59.74
Lehman Brothers Tr 4.00 2/16/2017 EUR 8.13
LBI HF 4.40 1/18/2010 CAD 3.28
Heta Asset Resolut 0.20 2/9/2017 EUR 49.00
UTair-Finans OOO 12.00 5/26/2015 RUB 30.30
Heta Asset Resolut 0.75 9/20/2017 EUR 3.27
Konservenfabrik Za 8.00 4/1/2016 EUR 0.00
Federal Grid Co Un 8.50 11/27/2023 RUB 55.01
Region of Molise I 0.58 12/15/2033 EUR 64.69
Svensk Exportkredi 0.50 1/31/2022 ZAR 54.38
Lehman Brothers Tr 5.00 5/2/2022 EUR 8.13
Heta Asset Resolut 4.07 3/21/2017 EUR 53.13
Bamble Sparebank 2.58 NOK 54.95
Cerruti Finance SA 6.50 7/26/2004 EUR 1.06
Svensk Exportkredi 0.50 4/24/2029 AUD 57.46
Northland Resource 12.25 3/26/2016 USD 1.00
Lehman Brothers Tr 1.46 2/19/2012 JPY 29.88
SAir Group 6.25 10/27/2002 CHF 11.63
Accentro Real Esta 7.75 6/25/2017 EUR 2.85
SV Patrimonia 4.00 4/19/2016 EUR 58.00
Heta Asset Resolut 0.13 5/31/2016 EUR 52.25
RSL Communications 10.50 11/15/2008 USD 1.25
Investkredit Bank 7.00 7/24/2022 EUR 63.69
Oesterreichische V 1.80 5/24/2018 EUR 46.88
Bank UralSib OJSC 14.00 8/25/2017 RUB 60.01
SAir Group 4.25 2/2/2007 CHF 11.75
Heta Asset Resolut 0.81 5/28/2017 EUR 55.00
Heta Asset Resolut 0.36 4/22/2018 EUR 55.75
MTSB Mortgage Agen 10.50 11/26/2041 RUB 70.00
Comune di Verona 0.31 12/1/2026 EUR 67.52
Deutsche Bank AG/L 0.50 10/5/2021 IDR 62.07
Federal Grid Co Un 8.00 1/7/2028 RUB 60.01
wige MEDIA AG 6.00 3/17/2019 EUR 1.90
Mechel 8.00 2/9/2021 RUB 60.00
Northland Resource 15.00 7/15/2019 USD 1.00
Lloyds Bank PLC 3.44 4/26/2033 USD 71.50
Province of Milan 0.42 12/22/2033 EUR 68.44
Heta Asset Resolut 0.20 8/11/2017 EUR 54.00
Lehman Brothers Tr 8.88 1/28/2011 HKD 29.88
Credit Agricole Co 7.00 5/30/2019 JPY 71.50
Espirito Santo Fin 5.63 7/28/2017 EUR 3.59
BNP Paribas SA 0.50 1/31/2018 RUB 72.23
SAir Group 2.13 11/4/2004 CHF 11.50
Oesterreichische V 4.44 4/12/2017 EUR 65.13
Anglian Water Serv 1.02 1/26/2057 GBP 73.40
Oesterreichische V 4.80 5/9/2025 EUR 21.25
RUSNANO OAO 10.10 4/10/2019 RUB 61.11
Svensk Exportkredi 0.50 3/15/2022 ZAR 53.43
Alpha Credit Group 6.00 4/11/2018 EUR 65.31
Kommunalbanken AS 0.50 6/18/2019 INR 74.10
Royal Bank of Scot 4.24 1/12/2046 EUR 69.63
Heta Asset Resolut 0.13 3/15/2017 EUR 53.25
Oesterreichische V 4.26 3/22/2024 EUR 21.63
Lehman Brothers Tr 6.65 8/24/2011 AUD 29.88
Asian-Pacific Bank 12.00 2/19/2016 RUB 60.06
UniCredit Bank Aus 0.53 1/22/2031 EUR 67.75
Heta Asset Resolut 0.35 5/17/2017 EUR 52.25
Credit Suisse AG/L 15.00 9/18/2015 USD 61.31
KA Finanz AG 4.44 12/20/2030 EUR 54.88
Rosselkhozbank OJS 10.90 10/11/2022 RUB 60.00
HSBC Bank PLC 0.50 12/29/2022 AUD 74.12
Rosselkhozbank OJS 10.90 10/13/2022 RUB 60.01
Ingra DD 6.13 12/6/2016 HRK 12.99
WGF Westfaelische 5.35 5/15/2015 EUR 3.25
Transcapitalbank J 10.75 5/30/2023 RUB 60.01
Notenstein Finance 1.00 9/17/2019 CHF 63.40
Codere Finance Lux 8.25 6/15/2015 EUR 64.13
Oesterreichische V 4.90 8/18/2025 EUR 61.30
Leonteq Securities 9.15 5/20/2015 USD 52.56
HSBC Bank PLC 0.50 4/3/2023 AUD 73.50
Svensk Exportkredi 0.50 3/28/2029 AUD 70.64
Republika Srpska 1.50 12/22/2023 BAM 74.78
Ideal Standard Int 11.75 5/1/2018 EUR 40.50
Salvator Grundbesi 9.50 EUR 41.00
hkw personalkonzep 8.25 11/15/2016 EUR 2.40
Oesterreichische V 2.75 10/21/2016 EUR 69.88
Lehman Brothers Tr 5.55 3/12/2015 EUR 8.13
DEIKON GmbH 1.00 7/1/2016 EUR 24.56
Bank Nederlandse G 0.50 8/9/2022 MXN 70.85
Heta Asset Resolut 4.40 6/20/2017 EUR 52.25
Windreich GmbH 6.25 3/1/2015 EUR 10.88
Kommunekredit 0.50 2/20/2020 BRL 58.62
Republika Srpska 1.50 9/25/2026 BAM 65.11
Kommunalbanken AS 0.50 5/27/2022 ZAR 55.80
Oesterreichische V 5.26 2/5/2025 EUR 22.88
Heta Asset Resolut 0.30 2/10/2018 EUR 49.00
Kommunalbanken AS 0.50 11/8/2018 BRL 68.31
Kommunalbanken AS 0.50 3/2/2018 BRL 73.38
Heta Asset Resolut 0.13 5/31/2016 EUR 54.13
Blaker Sparebank 3.00 NOK 73.88
Oesterreichische V 6.60 5/6/2023 EUR 30.38
RSL Communications 9.88 11/15/2009 USD 1.25
Oesterreichische V 5.11 6/12/2017 EUR 63.63
Lehman Brothers Tr 1.75 2/7/2010 EUR 8.13
IT Holding Finance 9.88 11/15/2012 EUR 0.11
LBI HF 3.20 5/10/2010 SKK 3.28
Oesterreichische V 4.00 12/14/2023 EUR 21.38
Oesterreichische V 2.15 3/25/2019 EUR 39.50
Heta Asset Resolut 0.35 5/10/2017 EUR 53.50
Republika Srpska 1.50 12/15/2023 BAM 74.72
Oesterreichische V 3.13 6/30/2017 EUR 60.25
WGF Westfaelische 6.35 8/1/2017 EUR 3.52
Leonteq Securities 10.30 6/10/2015 CHF 65.24
UTair-Finans OOO 13.00 11/13/2015 RUB 34.00
ECM Real Estate In 5.00 10/9/2011 EUR 10.38
Sudostroitelny Ban 13.50 10/15/2016 RUB 2.64
Rosselkhozbank OJS 9.55 6/23/2017 RUB 60.01
Heta Asset Resolut 0.26 4/2/2018 EUR 53.50
BNP Paribas SA 0.50 5/6/2021 MXN 72.25
Barclays Bank PLC 8.20 9/4/2015 USD 21.05
Russian Bor Chemic 10.00 12/20/2018 RUB 51.90
Heta Asset Resolut 0.30 5/17/2017 EUR 48.75
Alpha Credit Group 6.00 7/29/2020 EUR 48.03
Emporiki Group Fin 5.00 2/24/2022 EUR 36.21
Barclays Bank PLC 2.50 5/24/2017 USD 10.11
World of Building 7.70 6/25/2019 RUB 3.39
Bank Nederlandse G 0.50 6/7/2022 ZAR 53.02
SAir Group 5.13 3/1/2003 CHF 11.00
Vontobel Financial 5.84 9/9/2016 EUR 68.28
Alpha Credit Group 2.05 2/1/2017 EUR 71.84
LBI HF 4.53 4/24/2012 EUR 3.28
UniCredit Bank ZAO 14.00 2/23/2016 RUB 60.04
Glitnir HF 6.38 9/25/2012 USD 12.00
HSBC Bank PLC 0.50 7/30/2027 NZD 58.17
Alpha Credit Group 1.50 12/18/2028 EUR 9.34
Vnesheconombank 2.00 6/18/2021 RUB 50.88
Lehman Brothers Tr 5.00 5/12/2011 CHF 4.42
Bulgaria Steel Fin 12.00 5/4/2013 EUR 1.00
LBI HF 4.40 11/3/2009 CZK 3.28
Kommunekredit 0.50 9/19/2019 BRL 62.24
Oesterreichische V 3.88 3/15/2022 EUR 26.25
Mobile TeleSystems 5.00 6/29/2021 RUB 60.63
Kaupthing Bank Hf 9.75 9/10/2015 USD 13.75
UTair-Finans OOO 12.00 4/22/2015 RUB 45.00
Lehman Brothers Tr 7.59 11/22/2009 MXN 29.88
Lehman Brothers Tr 4.69 2/19/2017 EUR 8.13
Kaupthing Bank Hf 4.65 2/19/2013 EUR 13.75
Exane Finance 1.75 4/28/2016 EUR 74.77
Oesterreichische V 1.46 7/13/2017 EUR 57.00
UBS AG 8.15 7/21/2015 USD 45.63
Glitnir HF 6.33 7/28/2011 USD 12.00
Heta Asset Resolut 0.16 8/1/2017 EUR 48.75
Lehman Brothers Tr 5.00 2/27/2014 EUR 4.42
KPNQwest NV 7.13 6/1/2009 EUR 0.50
Lehman Brothers Tr 23.30 9/16/2008 USD 8.13
Kommunalbanken AS 0.50 9/20/2018 BRL 69.06
Drangedal Spareban 2.58 NOK 68.69
KIT Finance Capita 10.00 12/22/2016 RUB 61.09
Province of Bresci 0.68 6/30/2036 EUR 62.56
Salvator Grundbesi 9.50 12/31/2021 EUR 12.00
Raiffeisen Versich 5.08 EUR 73.63
UTair-Finans OOO 9.50 7/21/2016 RUB 30.30
Credit Agricole Co 0.50 3/6/2023 RUB 41.97
Oesterreichische V 1.19 10/13/2020 EUR 26.50
Caisse Centrale du 7.00 9/10/2015 EUR 15.39
Dresdner Bank AG 0.77 11/19/2029 EUR 61.38
Hellenic Republic 5.00 3/11/2019 EUR 64.88
UniCredit Bank AG 0.80 11/19/2029 EUR 70.38
KPNQwest NV 8.88 2/1/2008 EUR 0.50
Heta Asset Resolut 0.28 3/4/2018 EUR 52.25
Heta Asset Resolut 3.72 3/15/2017 EUR 49.13
LBI HF 4.38 10/20/2008 EUR 3.28
Heta Asset Resolut 0.11 1/24/2017 EUR 54.50
Svensk Exportkredi 0.50 2/22/2022 ZAR 53.76
Municipality Finan 0.50 12/14/2018 TRY 71.42
Oesterreichische V 3.50 3/20/2018 EUR 50.00
Bank J Safra Saras 8.00 4/27/2015 CHF 70.07
Cooperatieve Centr 0.50 1/31/2033 MXN 33.84
Leonteq Securities 29.61 10/26/2017 EUR 69.06
Fonciere Volta SA 4.50 7/30/2020 EUR 2.60
ARTUG OAO 14.00 7/14/2015 RUB 70.24
Union Technologies 0.10 1/1/2020 EUR 5.50
RSL Communications 9.13 3/1/2008 USD 1.25
Oberoesterreichisc 0.36 4/25/2042 EUR 67.69
Balkanstroy JSC 4.08 3/7/2016 EUR 5.00
Hellenic Republic 3.38 7/17/2017 EUR 71.05
UTair-Finans OOO 12.00 6/17/2016 RUB 39.00
Glitnir HF 6.69 6/15/2016 USD 0.02
Lehman Brothers Tr 8.25 2/3/2016 EUR 4.42
Heta Asset Resolut 0.19 7/18/2017 EUR 52.25
Municipality Finan 0.50 11/21/2018 TRY 71.83
Yakutsk Fuel-Energ 0.10 10/27/2015 RUB 60.60
Codere Finance Lux 8.25 6/15/2015 EUR 63.75
Lehman Brothers Tr 3.50 12/20/2027 USD 4.42
UTair-Finans OOO 11.75 5/26/2015 RUB 33.00
Republika Srpska 1.50 5/31/2025 BAM 70.30
Barclays Bank PLC 10.00 4/24/2015 USD 10.77
Uboat Line SA 7.65 9/27/2015 PLN 1.00
Raiffeisen-Holding 5.10 EUR 66.25
SAir Group 2.75 7/30/2004 CHF 11.38
JP Morgan Structur 1.55 11/6/2015 USD 73.16
Oesterreichische V 5.45 8/2/2019 EUR 72.70
Windreich GmbH 6.75 3/1/2015 EUR 10.88
Rinol AG 5.50 10/15/2006 DEM 0.00
NIBC Bank NV 25.98 5/7/2029 EUR 72.82
Barclays Bank PLC 0.50 3/13/2023 RUB 41.95
Oesterreichische V 1.75 9/9/2020 EUR 27.88
Republika Srpska 1.50 12/31/2022 BAM 75.00
City of Siret Roma 4.01 3/1/2028 RON 31.20
Lehman Brothers Tr 4.00 1/4/2011 USD 8.13
Lehman Brothers Tr 0.50 12/20/2017 AUD 4.42
Lehman Brothers Tr 7.60 3/26/2009 EUR 4.42
Banque Cantonale V 17.75 11/17/2015 CHF 68.07
Svensk Exportkredi 0.50 4/25/2019 BRL 62.40
UTair-Finans OOO 12.00 6/17/2016 RUB 30.30
Lehman Brothers Tr 7.38 9/20/2008 EUR 8.13
Lehman Brothers Tr 7.50 5/2/2017 EUR 4.42
Lehman Brothers Tr 11.00 6/29/2009 EUR 8.13
LBI HF 4.75 5/31/2013 EUR 3.28
HSBC Bank PLC 0.50 12/29/2026 AUD 64.61
HSBC Bank PLC 0.50 12/2/2022 AUD 73.51
Eksportfinans ASA 0.25 7/14/2033 CAD 19.13
Enemona AD-Kozlodu 10.00 4/28/2017 BGN 1.04
Oesterreichische V 1.05 5/20/2025 EUR 10.50
Oesterreichische V 1.93 7/20/2018 EUR 44.50
Koltso Urala CB LL 10.35 4/30/2015 RUB 60.00
Oesterreichische V 5.20 4/1/2020 EUR 39.13
Lehman Brothers Tr 2.50 11/9/2011 CHF 4.42
Svensk Exportkredi 0.50 6/26/2019 TRY 67.01
Municipality Finan 0.50 5/8/2029 AUD 57.24
RSL Communications 10.13 3/1/2008 USD 1.25
HYPO NOE Gruppe Ba 2.85 10/24/2039 EUR 70.84
City of Hunedoara 2.43 8/15/2026 RON 65.00
Deutsche Bank AG/L 11.50 8/31/2015 USD 48.88
Glitnir HF 2.57 12/31/2013 EUR 12.00
Glitnir HF 3.25 8/15/2016 EUR 12.00
Provinsor Fastighe 8.50 6/30/2015 DKK 0.10
Oesterreichische V 4.81 7/29/2025 EUR 61.00
Republic of Srpska 1.50 6/9/2025 BAM 70.21
Arizk 3.00 12/20/2030 RUB 32.08
Lehman Brothers Tr 3.20 3/19/2018 JPY 8.13
Lehman Brothers Tr 4.00 7/27/2011 EUR 4.42
Lehman Brothers Tr 2.00 6/28/2011 EUR 4.42
Lehman Brothers Tr 14.90 11/16/2010 EUR 8.13
City of Baile Herc 2.50 12/16/2020 RON 75.00
UBS AG 5.56 2/10/2016 USD 36.53
COFIDUR SA 0.10 12/31/2024 EUR 15.05
Gold-Zack AG 7.00 12/14/2005 EUR 12.01
Municipality Finan 0.50 11/25/2020 ZAR 65.76
Oesterreichische V 0.95 2/11/2019 EUR 37.75
Oravita City Counc 3.88 6/15/2027 RON 52.00
City of Predeal Ro 2.50 5/15/2026 RON 60.00
Glitnir HF 6.00 12/15/2012 GBP 12.00
Municipiul Timisoa 1.28 5/12/2026 RON 70.00
UTair-Finans OOO 12.00 4/22/2015 RUB 40.00
HSBC Bank PLC 0.50 6/28/2019 IDR 69.48
JP Morgan Structur 8.20 5/18/2015 CHF 69.05
Lehman Brothers Tr 4.35 8/8/2016 SGD 29.88
Glitnir HF 5.86 7/28/2016 GBP 12.00
Hellenic Republic 4.75 4/17/2019 EUR 69.74
Oesterreichische V 4.25 7/15/2017 EUR 61.63
Lehman Brothers Tr 13.50 11/28/2008 USD 8.13
Lehman Brothers Tr 4.25 5/15/2010 EUR 4.42
Oesterreichische V 4.00 2/1/2021 EUR 31.38
LBI HF 7.75 2/22/2016 USD 3.28
Gjerstad Sparebank 2.87 NOK 73.98
Municipality Finan 0.25 6/28/2040 CAD 28.20
Kaupthing Bank Hf 5.80 9/7/2012 EUR 13.75
Oesterreichische V 3.00 9/22/2017 EUR 57.00
Emporiki Group Fin 5.10 12/9/2021 EUR 37.44
Hypothekenbank Fra 0.29 6/30/2051 EUR 70.10
Ural Bank for Reco 11.75 4/10/2020 RUB 60.01
Oesterreichische V 2.00 4/24/2020 EUR 30.88
Lehman Brothers Tr 7.05 4/8/2015 USD 4.42
Kaupthing Bank Hf 7.00 1/3/2011 EUR 13.75
Lehman Brothers Tr 7.00 2/15/2010 CHF 8.13
Svensk Exportkredi 0.50 6/28/2022 ZAR 52.01
Municipality Finan 0.50 5/31/2022 ZAR 51.40
Oesterreichische V 1.52 2/19/2018 EUR 49.00
UBS AG/London 5.00 7/31/2015 CHF 60.67
UniCredit Bank AG 4.00 6/25/2015 EUR 66.53
UniCredit Bank AG 4.00 6/26/2015 EUR 72.11
Credit Suisse AG/N 8.40 6/26/2015 USD 38.53
Svensk Exportkredi 0.50 6/20/2029 AUD 68.53
Credit Suisse AG/N 8.25 7/31/2015 USD 68.51
Leonteq Securities 6.00 7/14/2015 USD 58.91
Oesterreichische V 5.00 4/24/2018 EUR 53.75
Glitnir HF 5.86 7/28/2016 GBP 12.00
Expobank LLC 11.50 7/3/2016 RUB 60.05
Societe Generale S 0.50 6/12/2023 RUB 40.75
Lehman Brothers Tr 14.90 9/15/2008 EUR 8.13
LBI HF 3.34 5/11/2012 EUR 3.28
Oesterreichische V 4.81 5/9/2035 EUR 15.75
Oesterreichische V 5.10 5/23/2022 EUR 28.88
Leonteq Securities 3.00 9/19/2019 CHF 58.11
Kaupthing Bank Hf 0.80 2/15/2011 EUR 13.75
UBS AG 8.25 4/28/2015 USD 24.48
Glitnir HF 3.30 6/10/2010 EUR 12.00
UniCredit Bank AG 6.00 6/24/2015 EUR 69.48
Leonteq Securities 19.94 5/21/2015 CHF 57.52
HSBC Bank PLC 0.50 2/2/2023 AUD 73.86
Kvinesdal Spareban 2.65 NOK 72.09
UBS AG/London 9.06 10/23/2015 CHF 61.90
Eitzen Chemical AS 11.26 6/6/2016 USD 20.88
Oesterreichische V 4.78 6/7/2030 EUR 16.75
Kaupthing Bank Hf 1.65 7/5/2010 JPY 13.75
Lehman Brothers Tr 5.00 8/16/2017 EUR 4.42
Zaklady Miesne Mys 11.50 6/10/2015 PLN 73.99
Lehman Brothers Tr 9.75 6/22/2018 USD 4.42
LBI HF 7.25 4/2/2011 EUR 3.28
Lehman Brothers Tr 0.50 8/1/2020 EUR 8.13
Oesterreichische V 5.50 8/26/2025 EUR 22.75
Lehman Brothers Tr 4.30 6/4/2012 USD 8.13
RSL Communications 12.00 11/1/2008 USD 1.25
Glitnir HF 6.00 8/1/2015 ISK 12.00
Kaupthing Bank Hf 8.00 6/22/2011 ISK 0.00
Zurcher Kantonalba 11.03 8/7/2015 CHF 54.88
Mortgage Agent AHM 9.00 11/20/2042 RUB 73.00
Notenstein Privatb 10.12 8/26/2015 USD 68.50
Lehman Brothers Tr 4.68 12/12/2045 EUR 8.13
Kommunalbanken AS 0.50 2/23/2018 BRL 72.67
Lehman Brothers Tr 7.00 10/22/2010 EUR 4.42
Ofoten Sparebank 2.70 NOK 66.60
Lehman Brothers Tr 7.50 9/13/2009 CHF 8.13
Bank Julius Baer & 12.20 6/8/2015 USD 69.60
Societe Generale S 0.50 4/4/2024 MXN 60.86
LBI HF 7.20 4/27/2026 EUR 0.01
LBI HF 6.00 6/6/2017 EUR 3.28
Nutritek Internati 8.75 12/11/2008 USD 2.00
Glitnir HF 3.00 11/30/2009 EUR 12.00
Kaupthing Bank Hf 7.90 4/28/2016 EUR 13.75
Lehman Brothers Tr 4.90 7/28/2020 EUR 4.42
Lehman Brothers Tr 4.50 12/30/2010 USD 8.13
Glitnir HF 2.25 2/15/2011 EUR 12.00
Oesterreichische V 4.21 1/25/2033 EUR 14.13
HYPO NOE Gruppe Ba 2.35 1/15/2035 EUR 68.51
UniCredit Bank AG 6.00 7/23/2015 EUR 67.12
Commerzbank AG 6.75 5/21/2015 EUR 67.78
Emporiki Group Fin 5.00 12/2/2021 EUR 36.97
Barclays Bank PLC 3.50 2/5/2016 EUR 68.26
LBI HF 4.32 1/31/2010 EUR 3.28
Araratbank OJSC 9.00 10/20/2015 USD 25.72
Oesterreichische V 1.53 12/19/2016 EUR 65.63
Morgan Stanley BV 8.50 5/25/2015 EUR 59.32
Zurcher Kantonalba 5.00 9/17/2015 CHF 72.98
Synergy Classic Vi 2.00 8/2/2015 USD 55.52
Kaupthing Bank Hf 3.75 2/15/2024 ISK 13.75
Oesterreichische V 5.03 6/11/2019 EUR 43.88
Lehman Brothers Tr 5.38 2/4/2014 USD 4.42
Zapsibcombank OAO 14.85 12/12/2019 RUB 60.00
Svensk Exportkredi 0.50 6/29/2029 AUD 71.33
Lehman Brothers Tr 5.00 11/22/2012 EUR 4.42
HSBC Bank PLC 0.50 10/30/2018 IDR 73.41
Bank Nederlandse G 0.50 8/15/2022 ZAR 52.66
LBI HF 8.65 5/1/2011 ISK 3.28
Bank Julius Baer & 9.00 10/8/2015 CHF 47.75
UBS AG 9.00 7/3/2017 CHF 71.75
Raiffeisen Centrob 7.33 8/21/2015 EUR 65.87
Lehman Brothers Tr 4.10 8/23/2010 USD 8.13
Svensk Exportkredi 0.50 8/29/2029 AUD 72.23
Sparebanken Din 2.67 NOK 68.29
Cooperatieve Centr 0.50 8/21/2028 MXN 44.72
Lehman Brothers Tr 4.60 7/6/2016 EUR 4.42
SAir Group 2.75 7/30/2004 CHF 11.63
Lehman Brothers Tr 3.86 9/21/2011 SGD 8.13
Lehman Brothers Tr 0.80 12/30/2016 EUR 4.42
Driver & Bengsch A 8.50 12/31/2027 EUR 0.01
Reserve Trust Co C 2.00 8/18/2027 RUB 57.00
Bank Nederlandse G 0.50 9/20/2022 ZAR 52.15
Lehman Brothers Tr 0.50 2/16/2009 EUR 8.13
Glitnir HF 3.00 4/1/2010 CZK 12.00
Hellas Telecommuni 8.50 10/15/2013 EUR 0.00
UNIQA Sachversiche 2.99 EUR 41.63
Barclays Bank PLC 0.50 3/19/2021 MXN 70.69
Barclays Bank PLC 0.50 1/28/2033 MXN 32.65
Bank Nederlandse G 0.50 6/22/2021 ZAR 61.39
Raiffeisen Centrob 2.40 12/19/2016 EUR 64.11
Banca di Cividale 0.09 10/2/2036 EUR 62.98
Lehman Brothers Tr 3.50 10/24/2011 USD 4.42
KPNQwest NV 7.13 6/1/2009 EUR 0.50
Leonteq Securities 12.10 10/22/2015 USD 66.97
Barclays Bank PLC 0.50 3/26/2021 MXN 70.60
Glitnir HF 10.00 6/28/2017 USD 12.00
Kaupthing Bank Hf 1.99 7/5/2012 JPY 13.75
Lehman Brothers Tr 4.05 9/16/2008 EUR 4.42
Lehman Brothers Tr 10.44 11/22/2008 CHF 8.13
Strommen Sparebank 2.41 NOK 46.33
Lehman Brothers Tr 11.00 7/4/2011 CHF 8.13
LBI HF 7.43 USD 0.00
Oesterreichische V 3.78 7/21/2033 EUR 12.63
Glitnir HF 7.32 12/19/2012 USD 12.00
Oesterreichische V 1.61 5/18/2020 EUR 30.13
Municipality Finan 0.50 7/30/2029 AUD 71.65
Lehman Brothers Tr 6.00 2/19/2023 USD 4.42
Oesterreichische V 1.38 2/8/2019 EUR 38.88
Glitnir HF 6.20 12/20/2009 ISK 0.02
Kaupthing Bank Hf 7.00 7/24/2009 ISK 13.75
KPNQwest NV 8.88 2/1/2008 EUR 0.50
Oesterreichische V 4.33 2/1/2017 EUR 67.38
Notenstein Privatb 6.10 12/30/2015 EUR 70.05
Republika Srpska 1.50 12/15/2023 BAM 74.00
Oesterreichische V 1.02 7/3/2019 EUR 35.13
Lehman Brothers Tr 4.20 12/3/2008 HKD 4.42
Lehman Brothers Tr 12.22 11/21/2017 USD 4.42
Sviaz Bank OAO 11.40 4/13/2022 RUB 60.00
Lehman Brothers Tr 8.28 3/26/2009 USD 4.42
Credit Suisse AG/L 8.00 11/29/2019 USD 8.34
Kaupthing Bank Hf 7.13 5/19/2016 USD 0.00
Glitnir HF 3.63 4/5/2009 EUR 12.00
LBI HF 4.40 11/30/2035 EUR 0.01
Efesk Group 13.25 6/14/2016 RUB 60.03
Lehman Brothers Tr 4.00 4/13/2011 CHF 4.42
Lehman Brothers Tr 7.00 4/14/2009 EUR 8.13
Lehman Brothers Tr 6.00 10/24/2008 EUR 8.13
Lehman Brothers Tr 7.25 10/6/2008 EUR 8.13
Lehman Brothers Tr 5.50 6/15/2009 CHF 8.13
Lehman Brothers Tr 7.00 2/15/2012 EUR 8.13
Lehman Brothers Tr 7.39 5/4/2017 USD 4.42
Province of Bresci 0.52 12/22/2036 EUR 61.92
Lehman Brothers Tr 0.25 7/21/2014 EUR 4.42
Kommunekredit 0.50 5/11/2029 CAD 73.85
LBI HF 3.11 11/10/2008 EUR 3.28
LBI HF 4.00 9/23/2015 EUR 3.28
Glitnir HF 3.25 9/15/2015 EUR 12.00
KFW 0.25 10/6/2036 CAD 37.38
Kaupthing Bank Hf 6.40 12/15/2015 EUR 13.75
Cooperatieve Centr 0.50 12/29/2027 MXN 47.00
LBI HF 2.22 10/15/2019 JPY 3.28
Lehman Brothers Tr 2.30 4/28/2014 JPY 4.42
Lehman Brothers Tr 4.25 3/13/2021 EUR 8.13
Municipality Finan 0.50 4/26/2022 ZAR 51.84
Leonteq Securities 20.00 1/26/2016 CHF 62.50
e-Kancelaria Grupa 10.00 10/23/2015 PLN 1.00
Reserve Trust Co C 14.00 1/4/2027 RUB 60.00
Province of Palerm 0.28 12/31/2035 EUR 59.21
Municipality Finan 0.50 2/22/2019 IDR 70.87
Oesterreichische V 4.20 2/22/2033 EUR 14.13
RFA-Invest OAO 12.00 2/24/2016 RUB 60.22
Oesterreichische V 2.75 9/20/2016 EUR 71.25
Lehman Brothers Tr 7.15 3/21/2013 USD 4.42
Lehman Brothers Tr 10.60 4/22/2014 MXN 4.42
Lehman Brothers Tr 13.50 6/2/2009 USD 8.13
Oesterreichische V 3.78 8/25/2033 EUR 12.63
MORTGAGE AGENT AHM 3.00 9/9/2045 RUB 72.13
HYPO NOE Gruppe Ba 3.10 10/7/2044 EUR 71.15
Veniti SA 9.70 3/28/2016 PLN 53.00
Nesset Sparebank 2.71 NOK 55.09
Oesterreichische V 3.50 1/14/2019 EUR 44.88
Landesbank Hessen- 3.50 7/10/2015 EUR 71.70
Intertekhelektro-N 8.50 4/21/2020 RUB 60.00
UBS AG 23.00 12/29/2015 EUR 73.37
EFG International 6.48 5/29/2018 EUR 61.54
Lehman Brothers Tr 8.28 7/31/2013 GBP 4.42
Lehman Brothers Tr 4.70 3/23/2016 EUR 4.42
Credit Suisse AG/L 11.00 8/28/2015 USD 41.50
Lloyds Bank PLC 0.50 7/26/2028 MXN 47.00
Skue Sparebank 2.62 NOK 70.50
Lehman Brothers Tr 7.00 11/28/2008 CHF 8.13
Lehman Brothers Tr 10.00 1/3/2012 BRL 4.42
UBS AG/London 8.48 11/3/2015 CHF 60.90
EDOB Abwicklungs A 7.50 4/1/2012 EUR 0.75
Lehman Brothers Tr 6.50 5/16/2015 EUR 4.42
Kaupthing Bank Hf 7.50 12/5/2014 ISK 13.75
Glitnir HF 0.50 11/26/2009 EUR 12.00
Glitnir HF 4.85 4/26/2012 EUR 12.00
HSBC Trinkaus & Bu 27.50 6/26/2015 EUR 73.65
Oesterreichische V 3.09 10/15/2020 EUR 30.63
Lehman Brothers Tr 5.20 3/19/2018 EUR 8.13
Municipality Finan 0.50 3/17/2025 CAD 73.75
HSBC Bank PLC 0.50 6/9/2023 MXN 64.66
Municipality Finan 0.50 1/23/2018 BRL 74.67
HSBC Bank PLC 0.50 4/11/2023 MXN 65.39
Lehman Brothers Tr 6.00 12/30/2017 EUR 4.42
Lehman Brothers Tr 4.10 6/10/2014 SGD 8.13
Oesterreichische V 5.10 7/5/2022 EUR 28.50
Kaupthing Bank Hf 0.20 7/12/2009 JPY 13.75
Lehman Brothers Tr 13.00 7/25/2012 EUR 8.13
Glitnir HF 5.25 5/2/2014 ISK 12.00
Glitnir HF 5.25 5/2/2017 ISK 12.00
Lehman Brothers Tr 6.00 9/20/2011 EUR 4.42
Svensk Exportkredi 0.50 8/28/2020 TRY 60.84
Lehman Brothers Tr 4.00 3/10/2011 EUR 4.42
Oesterreichische V 5.00 3/5/2018 EUR 55.13
Kaupthing Bank Hf 7.63 2/28/2015 USD 14.13
Lehman Brothers Tr 8.00 3/19/2012 USD 4.42
Oesterreichische V 5.00 3/13/2018 EUR 55.00
Lehman Brothers Tr 7.80 3/31/2018 USD 4.42
Lehman Brothers Tr 9.50 4/1/2018 USD 4.42
Lehman Brothers Tr 6.00 3/4/2015 USD 4.42
Lehman Brothers Tr 6.45 2/20/2010 AUD 8.13
Lehman Brothers Tr 6.60 5/23/2012 AUD 8.13
Lehman Brothers Tr 3.45 5/23/2013 USD 4.42
Chelyabinsk Pipe R 8.00 4/21/2015 RUB 60.06
Lehman Brothers Tr 16.00 10/28/2008 USD 8.13
Lehman Brothers Tr 5.50 4/23/2014 EUR 4.42
Lehman Brothers Tr 5.00 2/15/2018 EUR 4.42
Lehman Brothers Tr 9.00 5/6/2011 CHF 8.13
Lehman Brothers Tr 16.20 5/14/2009 USD 8.13
Lehman Brothers Tr 16.00 11/9/2008 USD 8.13
Kaupthing Bank Hf 7.70 10/2/2011 EUR 13.75
Kaupthing Bank Hf 7.50 4/2/2011 EUR 13.75
Kaupthing Bank Hf 7.50 10/2/2010 EUR 13.75
Lehman Brothers Tr 10.00 5/22/2009 USD 8.13
Lehman Brothers Tr 4.60 8/1/2013 EUR 4.42
Lehman Brothers Tr 8.00 5/22/2009 USD 8.13
Lehman Brothers Tr 7.60 3/4/2010 NZD 8.13
Lehman Brothers Tr 17.00 6/2/2009 USD 8.13
Lehman Brothers Tr 3.00 6/3/2010 EUR 4.42
Lehman Brothers Tr 12.40 6/12/2009 USD 8.13
Lehman Brothers Tr 7.60 5/21/2013 USD 4.42
Lehman Brothers Tr 10.00 6/17/2009 USD 8.13
Oesterreichische V 5.00 3/26/2018 EUR 54.63
Oesterreichische V 5.01 3/26/2018 EUR 54.63
Oesterreichische V 5.01 3/26/2018 EUR 54.63
Lehman Brothers Tr 3.50 6/20/2011 EUR 4.42
LBI HF 7.00 4/2/2010 EUR 3.28
Lehman Brothers Tr 7.50 2/14/2010 AUD 8.13
Lehman Brothers Tr 7.60 1/31/2013 AUD 8.13
Lehman Brothers Tr 5.50 6/22/2010 USD 4.42
Lehman Brothers Tr 0.50 6/2/2020 EUR 8.13
Lehman Brothers Tr 11.00 7/4/2011 USD 8.13
Lehman Brothers Tr 12.00 7/4/2011 EUR 8.13
Lehman Brothers Tr 5.50 7/8/2013 EUR 4.42
Kaupthing Bank Hf 4.95 5/6/2009 EUR 13.75
Lehman Brothers Tr 16.00 12/26/2008 USD 8.13
Lehman Brothers Tr 13.43 1/8/2009 ILS 8.13
Lehman Brothers Tr 0.50 7/2/2020 EUR 8.13
Lehman Brothers Tr 7.75 1/3/2012 AUD 8.13
Lehman Brothers Tr 3.10 6/4/2010 USD 8.13
Lehman Brothers Tr 8.00 10/23/2008 USD 8.13
Oesterreichische V 5.10 10/23/2017 EUR 59.25
Oesterreichische V 5.18 11/13/2017 EUR 58.75
Lehman Brothers Tr 4.60 11/9/2011 EUR 4.42
Lehman Brothers Tr 4.60 10/11/2017 ILS 29.88
Lehman Brothers Tr 5.50 11/30/2012 CZK 4.42
Lehman Brothers Tr 6.00 10/30/2012 USD 8.13
Lehman Brothers Tr 16.00 10/8/2008 CHF 8.13
Lehman Brothers Tr 0.50 12/20/2017 USD 4.42
Lehman Brothers Tr 0.50 12/20/2017 USD 4.42
Lehman Brothers Tr 0.50 12/20/2017 USD 4.42
Lehman Brothers Tr 0.50 12/20/2017 USD 4.42
Lehman Brothers Tr 3.00 12/3/2012 EUR 4.42
Oesterreichische V 5.21 12/6/2022 EUR 27.50
Glitnir HF 3.75 1/15/2010 EUR 12.00
Lehman Brothers Tr 11.00 12/20/2017 AUD 4.42
Lehman Brothers Tr 11.00 12/20/2017 AUD 4.42
Lehman Brothers Tr 3.40 9/21/2009 HKD 8.13
Lehman Brothers Tr 4.00 10/12/2010 USD 8.13
Oesterreichische V 5.00 12/12/2018 EUR 47.88
Lehman Brothers Tr 8.80 12/27/2009 EUR 8.13
Kommunalbanken AS 0.50 8/15/2018 BRL 70.60
Lehman Brothers Tr 6.30 12/21/2018 USD 4.42
Lehman Brothers Tr 11.00 2/16/2009 CHF 8.13
Lehman Brothers Tr 10.00 2/16/2009 CHF 8.13
Lehman Brothers Tr 13.00 2/16/2009 CHF 8.13
Lehman Brothers Tr 8.00 3/21/2018 USD 4.42
Lehman Brothers Tr 11.75 3/1/2010 EUR 8.13
Lehman Brothers Tr 15.00 6/4/2009 CHF 8.13
Lehman Brothers Tr 10.00 10/23/2008 USD 8.13
Lehman Brothers Tr 10.00 10/22/2008 USD 8.13
HSBC Bank PLC 0.50 5/31/2019 IDR 69.15
Oesterreichische V 1.61 5/18/2020 EUR 30.13
Oesterreichische V 3.50 5/23/2022 EUR 23.63
Lehman Brothers Tr 2.50 8/15/2012 CHF 4.42
Lehman Brothers Tr 13.15 10/30/2008 USD 8.13
Lehman Brothers Tr 6.00 8/7/2013 EUR 4.42
Glitnir HF 5.24 12/22/2010 USD 12.00
Lehman Brothers Tr 6.25 9/5/2011 EUR 4.42
Lehman Brothers Tr 14.10 11/12/2008 USD 8.13
Lehman Brothers Tr 5.25 7/8/2014 EUR 8.13
LBI HF 6.75 8/18/2015 EUR 3.28
LBI HF 6.75 2/18/2015 EUR 3.28
Lehman Brothers Tr 4.00 8/11/2010 USD 4.42
Lehman Brothers Tr 2.30 6/6/2013 USD 8.13
Lehman Brothers Tr 7.50 5/30/2010 AUD 8.13
Lehman Brothers Tr 11.00 5/9/2020 USD 4.42
Lehman Brothers Tr 4.00 6/5/2011 USD 8.13
Oesterreichische V 1.61 5/18/2020 EUR 29.63
e-Kancelaria Grupa 10.00 6/27/2016 PLN 1.00
e-Kancelaria Grupa 9.00 10/25/2016 PLN 1.00
Svensk Exportkredi 0.50 8/28/2018 BRL 68.16
Oesterreichische V 2.00 8/1/2016 EUR 72.63
VIG Sp Zoo 12.00 5/8/2015 PLN 70.00
Oesterreichische V 5.21 2/13/2026 EUR 21.25
Lehman Brothers Tr 1.00 2/26/2010 USD 4.42
Lehman Brothers Tr 16.80 8/21/2009 USD 8.13
Haltdalen Spareban 2.75 NOK 53.70
Raiffeisen Centrob 8.56 7/22/2015 EUR 71.51
Raiffeisen Centrob 9.87 7/22/2015 EUR 71.96
Lehman Brothers Tr 8.00 12/27/2032 JPY 4.42
Oesterreichische V 1.34 3/1/2018 EUR 48.63
Lehman Brothers Tr 12.00 7/13/2037 JPY 4.42
Lehman Brothers Tr 10.00 6/11/2038 JPY 4.42
Oesterreichische V 1.24 3/1/2022 EUR 19.63
Oesterreichische V 5.50 1/19/2017 EUR 69.25
Oesterreichische V 1.44 1/28/2019 EUR 39.25
UBS AG 2.75 8/18/2016 USD 9.31
UBS AG 11.22 2/4/2016 USD 23.10
HSBC Trinkaus & Bu 7.50 6/26/2015 EUR 63.55
Societe Generale S 5.50 7/27/2015 EUR 53.39
Goldman Sachs & Co 9.00 4/22/2015 EUR 72.13
Royal Bank of Scot 1.69 11/14/2016 GBP 1.08
Housing Financing 2.70 1/1/2020 ISK 67.78
Lehman Brothers Tr 6.60 2/9/2009 EUR 4.26
Lehman Brothers Tr 6.72 12/29/2008 EUR 4.31
Lehman Brothers Tr 7.06 12/29/2008 EUR 4.32
Lehman Brothers Tr 7.63 7/22/2011 HKD 8.13
Glitnir HF 6.00 12/10/2009 ISK 0.02
Glitnir HF 5.00 2/1/2011 ISK 12.00
Glitnir HF 5.25 10/23/2011 ISK 12.00
Glitnir HF 5.00 2/1/2016 ISK 12.00
Glitnir HF 6.00 8/1/2010 ISK 12.00
Kaupthing Bank Hf 7.00 4/28/2012 ISK 0.00
LBI HF 5.08 3/1/2013 ISK 3.28
Lehman Brothers Tr 4.05 9/16/2008 EUR 4.42
Lehman Brothers Tr 8.05 12/20/2010 HKD 8.13
Lehman Brothers Tr 5.00 3/13/2009 EUR 4.42
Lehman Brothers Tr 1.28 11/6/2010 JPY 29.88
HSBC Trinkaus & Bu 12.50 9/25/2015 EUR 74.39
HSBC Trinkaus & Bu 14.00 9/25/2015 EUR 68.34
HSBC Trinkaus & Bu 10.50 9/25/2015 EUR 72.41
BNP Paribas Emissi 5.00 5/21/2015 EUR 63.08
BNP Paribas Emissi 4.00 5/21/2015 EUR 66.65
HSBC Trinkaus & Bu 7.50 6/26/2015 EUR 69.67
Deutsche Bank AG 9.00 9/11/2015 EUR 65.73
Notenstein Privatb 4.00 2/1/2016 EUR 61.42
DZ Bank AG Deutsch 8.25 7/24/2015 EUR 71.96
HSBC Trinkaus & Bu 13.00 6/26/2015 EUR 64.29
DZ Bank AG Deutsch 5.00 9/25/2015 EUR 74.08
DZ Bank AG Deutsch 7.25 6/26/2015 EUR 72.59
Deutsche Bank AG 6.20 6/22/2015 EUR 73.30
Goldman Sachs & Co 8.00 5/20/2015 EUR 72.76
Goldman Sachs & Co 9.00 5/20/2015 EUR 69.08
Goldman Sachs & Co 13.00 5/20/2015 EUR 62.98
Goldman Sachs & Co 10.00 9/23/2015 EUR 69.30
Goldman Sachs & Co 11.00 9/23/2015 EUR 66.69
DZ Bank AG Deutsch 8.25 6/26/2015 EUR 66.33
Goldman Sachs & Co 14.00 4/22/2015 EUR 65.05
HSBC Trinkaus & Bu 12.50 6/26/2015 EUR 73.60
Vontobel Financial 4.70 6/26/2015 EUR 68.57
Vontobel Financial 6.65 6/26/2015 EUR 69.18
Leonteq Securities 7.07 9/21/2015 CHF 48.70
Vontobel Financial 9.00 4/14/2015 EUR 65.00
DZ Bank AG Deutsch 8.25 6/26/2015 EUR 70.13
DZ Bank AG Deutsch 8.00 9/11/2015 EUR 71.76
UniCredit Bank AG 4.00 6/25/2015 EUR 74.00
Bank Julius Baer & 7.00 4/14/2015 USD 67.15
UniCredit Bank AG 4.00 6/25/2015 EUR 52.17
Commerzbank AG 7.10 6/25/2015 EUR 73.84
Vontobel Financial 6.95 6/12/2015 EUR 70.00
Vontobel Financial 8.00 6/12/2015 EUR 70.17
Bank Julius Baer & 7.50 4/14/2015 CHF 73.60
HSBC Trinkaus & Bu 13.00 9/25/2015 EUR 63.00
HSBC Trinkaus & Bu 10.00 9/25/2015 EUR 65.99
HSBC Trinkaus & Bu 9.00 7/24/2015 EUR 66.67
Commerzbank AG 9.25 7/23/2015 EUR 66.59
Commerzbank AG 19.75 7/23/2015 EUR 71.56
Commerzbank AG 23.25 7/23/2015 EUR 66.51
Commerzbank AG 10.00 7/23/2015 EUR 72.82
Societe Generale S 4.00 3/29/2016 EUR 61.32
Commerzbank AG 7.00 6/25/2015 EUR 72.35
Vontobel Financial 9.00 4/24/2015 EUR 67.90
DZ Bank AG Deutsch 5.75 4/17/2015 EUR 73.38
Leonteq Securities 12.20 7/22/2015 USD 66.64
Vontobel Financial 5.00 5/6/2016 EUR 75.00
Leonteq Securities 6.58 3/29/2016 EUR 72.30
UniCredit Bank AG 4.60 6/26/2015 EUR 74.87
UniCredit Bank AG 6.00 6/26/2015 EUR 67.44
UniCredit Bank AG 5.20 6/26/2015 EUR 71.02
UniCredit Bank AG 6.10 6/26/2015 EUR 65.97
UniCredit Bank AG 5.50 6/26/2015 EUR 69.25
UniCredit Bank AG 5.80 6/26/2015 EUR 67.57
UniCredit Bank AG 5.50 6/26/2015 EUR 68.95
UniCredit Bank AG 4.90 6/26/2015 EUR 72.89
UniCredit Bank AG 4.80 6/26/2015 EUR 70.50
Vontobel Financial 7.90 6/26/2015 EUR 73.47
HSBC Trinkaus & Bu 14.00 6/26/2015 EUR 55.83
HSBC Trinkaus & Bu 7.50 6/26/2015 EUR 66.56
HSBC Trinkaus & Bu 9.50 6/26/2015 EUR 68.33
HSBC Trinkaus & Bu 7.00 9/25/2015 EUR 73.04
HSBC Trinkaus & Bu 8.50 6/26/2015 EUR 74.67
UniCredit Bank AG 4.00 6/25/2015 EUR 59.61
UniCredit Bank AG 5.50 6/25/2015 EUR 54.32
UniCredit Bank AG 6.00 6/25/2015 EUR 67.98
UniCredit Bank AG 5.00 6/25/2015 EUR 70.87
UniCredit Bank AG 4.75 6/25/2015 EUR 56.83
BNP Paribas Emissi 9.00 5/21/2015 EUR 69.01
BNP Paribas Emissi 8.00 6/25/2015 EUR 68.66
BNP Paribas Emissi 8.00 7/23/2015 EUR 69.29
BNP Paribas Emissi 6.75 7/23/2015 EUR 73.22
HSBC Trinkaus & Bu 14.00 6/26/2015 EUR 53.94
HSBC Trinkaus & Bu 10.00 6/26/2015 EUR 59.27
Lehman Brothers Tr 3.00 9/13/2010 JPY 29.88
Lehman Brothers Tr 9.25 6/20/2012 USD 4.42
Societe Generale S 0.50 4/30/2023 RUB 41.30
Oesterreichische V 3.00 2/3/2017 EUR 65.75
Oesterreichische V 2.00 11/15/2016 EUR 67.88
Barclays Bank PLC 1.99 12/1/2040 USD 73.39
UniCredit Bank AG 5.75 9/24/2015 EUR 68.80
UniCredit Bank AG 4.80 9/24/2015 EUR 72.48
UniCredit Bank AG 4.90 9/24/2015 EUR 72.09
Bank Julius Baer & 10.00 7/3/2015 USD 43.25
Banque Cantonale V 10.80 6/25/2015 CHF 53.21
Credit Suisse AG/N 8.25 1/11/2016 CHF 47.72
Leonteq Securities 7.35 7/2/2015 USD 68.54
Leonteq Securities 8.00 7/7/2016 USD 74.52
JP Morgan Structur 5.65 7/1/2015 CHF 41.51
Banque Cantonale V 5.25 7/2/2015 CHF 47.21
UBS AG/London 10.00 7/2/2015 CHF 53.49
HSBC Trinkaus & Bu 15.50 6/26/2015 EUR 60.49
HSBC Trinkaus & Bu 8.00 6/26/2015 EUR 71.43
Credit Suisse AG/L 8.00 7/3/2015 CHF 72.97
Credit Suisse AG/N 10.50 7/9/2015 USD 45.08
Commerzbank AG 8.50 6/25/2015 EUR 73.15
Commerzbank AG 10.50 6/25/2015 EUR 70.12
BNP Paribas Emissi 7.00 10/22/2015 EUR 71.62
Raiffeisen Centrob 7.55 1/20/2016 EUR 68.16
Raiffeisen Centrob 6.29 1/20/2016 EUR 65.90
UBS AG 9.50 12/29/2015 EUR 65.68
Credit Suisse AG/L 8.00 1/11/2016 USD 45.70
UBS AG 7.00 6/26/2015 EUR 72.60
UBS AG/London 6.75 7/2/2015 CHF 73.35
UBS AG 11.75 6/26/2015 EUR 67.09
UBS AG 10.25 9/25/2015 EUR 60.10
UBS AG 9.50 6/26/2015 EUR 73.80
Notenstein Privatb 11.00 8/14/2015 CHF 59.94
BNP Paribas Emissi 14.00 6/25/2015 EUR 62.41
BNP Paribas Emissi 17.00 6/25/2015 EUR 58.10
BNP Paribas Emissi 20.00 6/25/2015 EUR 54.50
Deutsche Bank AG 8.00 6/22/2015 EUR 73.70
Credit Suisse AG/N 8.50 7/20/2015 USD 66.19
UBS AG/London 12.00 7/9/2015 CHF 56.41
Leonteq Securities 9.40 10/8/2015 USD 71.31
HSBC Trinkaus & Bu 12.50 9/25/2015 EUR 72.50
HSBC Trinkaus & Bu 15.00 9/25/2015 EUR 66.26
HSBC Trinkaus & Bu 15.50 6/26/2015 EUR 71.21
BNP Paribas Emissi 10.00 6/25/2015 EUR 73.96
BNP Paribas Emissi 10.00 6/25/2015 EUR 73.22
BNP Paribas Emissi 14.00 6/25/2015 EUR 67.62
Banque Cantonale V 1.00 7/7/2016 CHF 32.13
HSBC Trinkaus & Bu 12.00 9/25/2015 EUR 70.16
HSBC Trinkaus & Bu 9.00 7/24/2015 EUR 73.87
Vontobel Financial 9.25 6/26/2015 EUR 73.74
HSBC Trinkaus & Bu 11.00 6/26/2015 EUR 66.47
HSBC Trinkaus & Bu 12.50 9/25/2015 EUR 64.87
HSBC Trinkaus & Bu 10.00 9/25/2015 EUR 68.38
HSBC Trinkaus & Bu 7.00 9/25/2015 EUR 72.35
HSBC Trinkaus & Bu 8.50 7/24/2015 EUR 69.18
UniCredit Bank AG 4.00 6/25/2015 EUR 74.08
HSBC Trinkaus & Bu 14.50 9/25/2015 EUR 72.51
Bank Julius Baer & 7.10 7/8/2015 CHF 42.25
Credit Suisse AG/L 9.00 7/11/2016 USD 46.00
Credit Suisse AG/N 8.50 6/17/2015 USD 61.79
Credit Suisse AG/L 7.50 6/25/2015 USD 67.50
Vontobel Financial 8.35 6/26/2015 EUR 67.19
Deutsche Bank AG 6.20 6/22/2015 EUR 66.10
Deutsche Bank AG 7.20 12/22/2015 EUR 73.00
Deutsche Bank AG 5.20 12/22/2015 EUR 71.60
Deutsche Bank AG 5.20 6/22/2015 EUR 69.30
Deutsche Bank AG 6.20 9/22/2015 EUR 71.00
Deutsche Bank AG 7.20 9/22/2015 EUR 68.10
Deutsche Bank AG 5.20 6/22/2015 EUR 65.90
Deutsche Bank AG 7.20 6/22/2015 EUR 69.70
Deutsche Bank AG 7.20 6/22/2015 EUR 66.30
Deutsche Bank AG 7.20 12/22/2015 EUR 69.80
Deutsche Bank AG 6.20 9/22/2015 EUR 67.60
Deutsche Bank AG 5.20 9/22/2015 EUR 67.20
Deutsche Bank AG 5.20 9/22/2015 EUR 74.30
Deutsche Bank AG 5.20 9/22/2015 EUR 70.60
Deutsche Bank AG 6.20 12/22/2015 EUR 72.30
Deutsche Bank AG 5.20 6/22/2015 EUR 73.10
Deutsche Bank AG 5.20 12/22/2015 EUR 68.40
Deutsche Bank AG 6.20 6/22/2015 EUR 69.50
Deutsche Bank AG 7.20 6/22/2015 EUR 73.50
Deutsche Bank AG 6.20 12/22/2015 EUR 69.10
Deutsche Bank AG 7.20 9/22/2015 EUR 71.50
Deutsche Bank AG 6.20 9/22/2015 EUR 74.70
Commerzbank AG 7.00 5/21/2015 EUR 73.86
Commerzbank AG 9.00 5/21/2015 EUR 70.22
Commerzbank AG 11.25 5/21/2015 EUR 66.96
DZ Bank AG Deutsch 9.75 5/22/2015 EUR 62.64
DZ Bank AG Deutsch 15.25 5/22/2015 EUR 53.88
Goldman Sachs & Co 11.00 12/23/2015 EUR 69.43
Notenstein Privatb 9.60 6/16/2015 CHF 43.69
Bank Julius Baer & 7.65 7/3/2015 USD 54.10
UBS AG/London 15.25 6/25/2015 CHF 52.73
Commerzbank AG 7.50 6/25/2015 EUR 68.09
Commerzbank AG 6.50 6/25/2015 EUR 73.34
Commerzbank AG 8.25 6/25/2015 EUR 69.93
Commerzbank AG 10.25 6/25/2015 EUR 66.44
DZ Bank AG Deutsch 5.00 7/24/2015 EUR 71.04
DZ Bank AG Deutsch 6.75 7/24/2015 EUR 73.07
DZ Bank AG Deutsch 16.00 7/24/2015 EUR 64.06
UniCredit Bank AG 5.25 9/24/2015 EUR 70.98
UniCredit Bank AG 4.25 9/24/2015 EUR 73.99
UniCredit Bank AG 5.40 9/24/2015 EUR 70.23
BNP Paribas Emissi 7.50 6/25/2015 EUR 73.47
BNP Paribas Emissi 9.00 6/25/2015 EUR 69.99
Leonteq Securities 8.64 8/25/2015 CHF 18.94
LBBW 4.30 9/23/2016 EUR 73.27
Vontobel Financial 7.70 6/26/2015 EUR 74.97
Bank Julius Baer & 6.50 7/31/2015 USD 64.10
UBS AG/London 15.00 7/23/2015 CHF 50.51
DZ Bank AG Deutsch 16.00 8/28/2015 EUR 72.21
EFG International 7.30 7/22/2015 USD 74.72
Leonteq Securities 10.00 1/22/2016 USD 68.14
DZ Bank AG Deutsch 5.40 7/23/2015 EUR 72.81
DZ Bank AG Deutsch 5.60 10/23/2015 EUR 74.32
DZ Bank AG Deutsch 4.70 7/23/2015 EUR 56.06
DZ Bank AG Deutsch 5.70 7/23/2015 EUR 54.00
DZ Bank AG Deutsch 3.90 10/23/2015 EUR 61.79
DZ Bank AG Deutsch 4.90 10/23/2015 EUR 59.15
DZ Bank AG Deutsch 5.80 10/23/2015 EUR 57.22
Vontobel Financial 8.50 6/26/2015 EUR 69.82
Credit Suisse AG/N 8.00 2/8/2016 USD 69.08
Credit Suisse AG/N 8.00 1/29/2016 CHF 46.74
Banque Cantonale V 13.10 7/21/2015 CHF 67.22
Zurcher Kantonalba 6.60 7/29/2015 CHF 47.55
DZ Bank AG Deutsch 7.10 7/23/2015 EUR 66.08
DZ Bank AG Deutsch 6.10 7/23/2015 EUR 62.90
DZ Bank AG Deutsch 3.70 7/23/2015 EUR 58.88
DZ Bank AG Deutsch 4.20 7/23/2015 EUR 59.58
DZ Bank AG Deutsch 6.50 10/23/2015 EUR 70.67
DZ Bank AG Deutsch 6.00 10/23/2015 EUR 67.51
DZ Bank AG Deutsch 4.70 10/23/2015 EUR 63.99
DZ Bank AG Deutsch 6.30 7/23/2015 EUR 58.05
DZ Bank AG Deutsch 4.90 7/23/2015 EUR 57.66
DZ Bank AG Deutsch 4.40 7/23/2015 EUR 52.40
DZ Bank AG Deutsch 5.90 10/23/2015 EUR 61.24
DZ Bank AG Deutsch 5.80 10/23/2015 EUR 58.44
DZ Bank AG Deutsch 4.70 10/23/2015 EUR 55.35
DZ Bank AG Deutsch 3.10 7/22/2015 EUR 62.22
DZ Bank AG Deutsch 3.90 10/22/2015 EUR 63.84
DZ Bank AG Deutsch 4.70 10/22/2015 EUR 62.82
DZ Bank AG Deutsch 5.60 10/22/2015 EUR 61.91
DZ Bank AG Deutsch 3.90 7/22/2015 EUR 74.89
DZ Bank AG Deutsch 5.70 7/22/2015 EUR 71.67
DZ Bank AG Deutsch 7.80 7/22/2015 EUR 68.84
DZ Bank AG Deutsch 5.70 10/22/2015 EUR 74.37
DZ Bank AG Deutsch 6.60 10/22/2015 EUR 73.25
DZ Bank AG Deutsch 5.70 7/22/2015 EUR 60.13
DZ Bank AG Deutsch 8.30 7/22/2015 EUR 57.86
DZ Bank AG Deutsch 3.60 10/22/2015 EUR 66.34
DZ Bank AG Deutsch 4.90 7/22/2015 EUR 59.80
DZ Bank AG Deutsch 6.00 7/22/2015 EUR 58.75
DZ Bank AG Deutsch 3.70 7/22/2015 EUR 62.82
DZ Bank AG Deutsch 5.30 10/22/2015 EUR 63.92
DZ Bank AG Deutsch 7.30 10/22/2015 EUR 61.89
Leonteq Securities 11.52 10/28/2015 CHF 58.97
Notenstein Privatb 13.40 7/28/2015 USD 59.55
BNP Paribas Emissi 6.75 6/25/2015 EUR 72.70
UBS AG/London 7.00 7/9/2015 CHF 41.24
Commerzbank AG 16.50 5/21/2015 EUR 71.22
Commerzbank AG 20.50 5/21/2015 EUR 64.23
Commerzbank AG 24.75 5/21/2015 EUR 58.37
Commerzbank AG 16.50 6/25/2015 EUR 71.03
UBS AG/London 10.50 7/16/2015 CHF 57.90
Notenstein Privatb 11.00 8/28/2015 CHF 71.80
Commerzbank AG 10.75 6/25/2015 EUR 71.90
Commerzbank AG 19.75 6/25/2015 EUR 65.72
Commerzbank AG 23.50 6/25/2015 EUR 60.39
UBS AG 24.25 12/29/2015 EUR 74.83
UBS AG/London 7.00 7/16/2015 CHF 41.80
Commerzbank AG 7.50 6/25/2015 EUR 73.59
DZ Bank AG Deutsch 9.50 7/24/2015 EUR 67.03
Deutsche Bank AG 5.20 9/22/2015 EUR 72.20
Deutsche Bank AG 7.20 6/23/2015 EUR 72.90
Deutsche Bank AG 7.20 6/23/2015 EUR 69.50
Deutsche Bank AG 6.20 6/23/2015 EUR 69.30
Deutsche Bank AG 5.20 6/23/2015 EUR 66.00
Deutsche Bank AG 6.20 6/23/2015 EUR 66.20
Deutsche Bank AG 7.20 9/22/2015 EUR 74.10
Deutsche Bank AG 6.20 9/22/2015 EUR 73.60
Deutsche Bank AG 7.20 9/22/2015 EUR 70.90
Deutsche Bank AG 6.20 9/22/2015 EUR 70.50
Deutsche Bank AG 5.20 9/22/2015 EUR 70.00
Deutsche Bank AG 7.20 9/22/2015 EUR 68.00
Deutsche Bank AG 6.20 9/22/2015 EUR 67.50
Deutsche Bank AG 5.20 9/22/2015 EUR 67.10
Vontobel Financial 5.60 6/26/2015 EUR 74.67
Deutsche Bank AG 5.20 6/23/2015 EUR 72.50
Deutsche Bank AG 6.20 6/23/2015 EUR 72.70
Deutsche Bank AG 5.20 6/23/2015 EUR 69.10
Deutsche Bank AG 7.20 6/23/2015 EUR 66.40
Deutsche Bank AG 5.20 9/22/2015 EUR 73.20
UBS AG 10.75 6/26/2015 EUR 56.11
Commerzbank AG 11.00 6/25/2015 EUR 69.37
UBS AG 10.50 6/26/2015 EUR 53.14
UBS AG 14.75 9/25/2015 EUR 64.91
UniCredit Bank AG 4.75 9/24/2015 EUR 72.89
Societe Generale S 0.50 5/22/2024 MXN 60.98
Oesterreichische V 1.04 3/1/2021 EUR 23.50
e-Kancelaria Grupa 9.00 8/19/2016 PLN 1.00
DZ Bank AG Deutsch 6.25 7/10/2015 EUR 71.25
DZ Bank AG Deutsch 6.75 7/10/2015 EUR 71.37
DZ Bank AG Deutsch 7.25 7/10/2015 EUR 71.49
Vontobel Financial 5.65 6/26/2015 EUR 70.98
Goldman Sachs & Co 9.00 6/24/2015 EUR 73.72
Goldman Sachs & Co 11.00 6/24/2015 EUR 70.35
Credit Suisse AG/L 2.75 1/29/2019 SEK 74.40
DZ Bank AG Deutsch 6.90 4/15/2015 EUR 59.29
DZ Bank AG Deutsch 9.10 4/15/2015 EUR 56.21
DZ Bank AG Deutsch 5.10 4/15/2015 EUR 62.79
DZ Bank AG Deutsch 5.00 4/15/2015 EUR 58.63
DZ Bank AG Deutsch 3.70 4/15/2015 EUR 61.69
DZ Bank AG Deutsch 10.50 4/15/2015 EUR 61.43
DZ Bank AG Deutsch 6.80 4/15/2015 EUR 67.50
DZ Bank AG Deutsch 8.60 4/15/2015 EUR 64.32
DZ Bank AG Deutsch 6.60 4/15/2015 EUR 55.86
Credit Suisse AG/N 8.50 6/5/2015 CHF 74.79
UBS AG 7.00 12/29/2015 EUR 70.87
UBS AG 6.25 6/26/2015 EUR 71.11
UBS AG 9.75 9/25/2015 EUR 61.52
UBS AG 24.25 9/25/2015 EUR 44.21
UBS AG 20.75 12/29/2015 EUR 72.02
UBS AG 13.50 6/26/2015 EUR 53.74
UBS AG 12.00 12/29/2015 EUR 58.31
UBS AG 15.00 6/26/2015 EUR 51.82
UBS AG 13.75 9/25/2015 EUR 54.21
UBS AG 23.00 9/25/2015 EUR 73.60
UBS AG 20.25 9/25/2015 EUR 72.33
UBS AG 24.75 9/25/2015 EUR 70.44
UBS AG 19.50 12/29/2015 EUR 73.97
UBS AG 19.50 12/29/2015 EUR 74.24
UBS AG 12.50 9/25/2015 EUR 55.83
UBS AG 7.00 6/26/2015 EUR 68.35
UBS AG 10.25 6/26/2015 EUR 59.45
UBS AG 16.50 9/25/2015 EUR 51.62
UBS AG 12.25 6/26/2015 EUR 55.96
UBS AG 5.50 6/26/2015 EUR 74.12
UBS AG 20.25 6/26/2015 EUR 72.61
UBS AG 23.50 9/25/2015 EUR 67.77
UBS AG 6.25 12/29/2015 EUR 73.01
UBS AG 24.00 6/26/2015 EUR 72.49
UBS AG 11.00 9/25/2015 EUR 57.53
UBS AG 14.75 12/29/2015 EUR 54.55
UBS AG 24.50 9/25/2015 EUR 66.35
UBS AG 21.75 12/29/2015 EUR 70.87
UBS AG 13.50 12/29/2015 EUR 55.55
UBS AG 21.75 9/25/2015 EUR 70.12
UBS AG 21.75 6/26/2015 EUR 70.66
UBS AG 22.00 9/25/2015 EUR 69.96
UBS AG 17.50 9/25/2015 EUR 49.98
UBS AG 16.75 6/26/2015 EUR 50.12
UBS AG 15.00 9/25/2015 EUR 52.78
UBS AG 19.00 9/25/2015 EUR 74.86
UBS AG 20.25 6/26/2015 EUR 73.12
UBS AG 18.25 6/26/2015 EUR 48.54
UBS AG 12.50 12/29/2015 EUR 56.81
UBS AG 9.50 12/29/2015 EUR 63.56
UBS AG 22.50 12/29/2015 EUR 69.47
UBS AG 23.25 6/26/2015 EUR 67.78
UBS AG 11.25 12/29/2015 EUR 58.08
Barclays Bank PLC 4.17 1/5/2017 EUR 69.00
Notenstein Privatb 8.80 7/24/2015 EUR 71.24
HSBC Trinkaus & Bu 6.50 6/26/2015 EUR 73.25
UBS AG 23.00 6/26/2015 EUR 62.77
UBS AG 22.75 6/26/2015 EUR 55.52
UBS AG 20.25 6/26/2015 EUR 58.94
UBS AG 22.00 9/25/2015 EUR 57.55
UBS AG 16.50 6/26/2015 EUR 72.10
UBS AG 12.50 6/26/2015 EUR 73.67
UBS AG 20.25 9/25/2015 EUR 60.15
UBS AG 21.75 12/29/2015 EUR 66.05
UBS AG 18.25 9/25/2015 EUR 63.14
UBS AG 19.75 12/29/2015 EUR 68.23
UBS AG 22.50 9/25/2015 EUR 64.22
UBS AG 16.50 12/29/2015 EUR 66.59
UBS AG 18.25 12/29/2015 EUR 64.03
UBS AG 12.75 12/29/2015 EUR 73.25
UBS AG 19.75 12/29/2015 EUR 61.75
UBS AG 20.00 9/25/2015 EUR 67.27
UBS AG 14.75 12/29/2015 EUR 69.70
UBS AG 17.75 6/26/2015 EUR 63.00
UBS AG 23.75 6/26/2015 EUR 73.42
UBS AG 24.50 9/25/2015 EUR 72.13
UBS AG 19.75 6/26/2015 EUR 66.99
UBS AG 23.50 9/25/2015 EUR 72.41
UBS AG 23.75 6/26/2015 EUR 72.66
UBS AG 21.25 12/29/2015 EUR 59.88
UBS AG 17.75 12/29/2015 EUR 70.96
UBS AG 23.00 12/29/2015 EUR 74.11
UBS AG 24.75 9/25/2015 EUR 74.10
UBS AG 23.50 6/26/2015 EUR 73.34
UBS AG 22.50 9/25/2015 EUR 74.83
UBS AG 18.50 12/29/2015 EUR 69.59
UBS AG 17.50 12/29/2015 EUR 71.40
UBS AG 15.00 9/25/2015 EUR 74.89
UBS AG 20.00 9/25/2015 EUR 58.32
UBS AG 23.00 6/26/2015 EUR 73.45
UBS AG 15.00 12/29/2015 EUR 66.15
UBS AG 11.25 9/25/2015 EUR 73.15
UBS AG 18.75 6/26/2015 EUR 68.46
UBS AG 23.50 9/25/2015 EUR 62.42
UBS AG 13.50 12/29/2015 EUR 68.71
UBS AG 21.75 12/29/2015 EUR 57.82
UBS AG 17.00 6/26/2015 EUR 71.53
UBS AG 22.25 9/25/2015 EUR 64.02
UBS AG 20.75 12/29/2015 EUR 66.71
UBS AG 16.50 9/25/2015 EUR 72.20
UBS AG 20.75 6/26/2015 EUR 56.29
UBS AG 13.00 9/25/2015 EUR 69.18
UBS AG 24.50 9/25/2015 EUR 53.29
UBS AG 16.50 12/29/2015 EUR 63.99
UBS AG 21.25 12/29/2015 EUR 73.98
UBS AG 19.50 9/25/2015 EUR 67.70
UBS AG 22.75 6/26/2015 EUR 71.68
UBS AG 22.25 6/26/2015 EUR 63.25
UBS AG 18.00 9/25/2015 EUR 69.82
UBS AG 18.25 9/25/2015 EUR 60.43
UBS AG 12.00 12/29/2015 EUR 71.73
UBS AG 23.00 9/25/2015 EUR 54.73
UBS AG 19.75 12/29/2015 EUR 68.15
UBS AG 22.75 12/29/2015 EUR 73.76
UBS AG 23.00 9/25/2015 EUR 73.04
UBS AG 22.75 12/29/2015 EUR 71.64
UBS AG 21.00 9/25/2015 EUR 65.81
UBS AG 22.75 6/26/2015 EUR 53.78
UBS AG 18.50 6/26/2015 EUR 59.12
UBS AG 19.25 12/29/2015 EUR 60.48
UBS AG 16.50 9/25/2015 EUR 62.90
UBS AG 20.50 6/26/2015 EUR 65.72
UBS AG 24.75 6/26/2015 EUR 51.58
UBS AG 16.50 6/26/2015 EUR 62.43
UBS AG 7.25 6/26/2015 EUR 70.17
UBS AG 7.75 6/26/2015 EUR 64.54
UBS AG 13.75 6/26/2015 EUR 74.66
UBS AG 14.00 6/26/2015 EUR 66.16
Bank Julius Baer & 8.25 9/18/2015 CHF 48.35
Leonteq Securities 20.00 12/29/2015 CHF 68.31
Commerzbank AG 9.00 4/23/2015 EUR 69.71
EFG International 1.55 4/29/2015 EUR 45.38
JP Morgan Structur 12.20 9/30/2015 USD 72.35
HSBC Trinkaus & Bu 18.50 6/26/2015 EUR 74.80
HSBC Trinkaus & Bu 19.80 6/26/2015 EUR 66.21
Bank Julius Baer & 8.85 9/25/2015 CHF 52.75
DZ Bank AG Deutsch 7.10 9/23/2015 EUR 73.98
DZ Bank AG Deutsch 2.10 9/23/2015 EUR 70.45
DZ Bank AG Deutsch 3.50 9/23/2015 EUR 67.54
DZ Bank AG Deutsch 5.40 9/23/2015 EUR 65.16
DZ Bank AG Deutsch 2.10 12/23/2015 EUR 72.43
DZ Bank AG Deutsch 3.30 12/23/2015 EUR 69.72
DZ Bank AG Deutsch 4.80 12/23/2015 EUR 67.52
DZ Bank AG Deutsch 5.70 9/23/2015 EUR 63.89
DZ Bank AG Deutsch 5.70 9/23/2015 EUR 60.96
DZ Bank AG Deutsch 4.60 9/23/2015 EUR 57.82
DZ Bank AG Deutsch 5.10 12/23/2015 EUR 67.10
DZ Bank AG Deutsch 5.10 12/23/2015 EUR 64.15
DZ Bank AG Deutsch 4.40 12/23/2015 EUR 60.89
DZ Bank AG Deutsch 2.40 9/23/2015 EUR 71.80
DZ Bank AG Deutsch 3.90 9/23/2015 EUR 68.56
DZ Bank AG Deutsch 5.80 9/23/2015 EUR 65.79
DZ Bank AG Deutsch 2.20 12/23/2015 EUR 74.56
DZ Bank AG Deutsch 3.50 12/23/2015 EUR 71.55
DZ Bank AG Deutsch 5.10 12/23/2015 EUR 68.99
DZ Bank AG Deutsch 2.60 9/23/2015 EUR 62.34
DZ Bank AG Deutsch 3.10 9/23/2015 EUR 59.81
DZ Bank AG Deutsch 4.80 9/23/2015 EUR 60.56
DZ Bank AG Deutsch 2.70 12/23/2015 EUR 64.47
DZ Bank AG Deutsch 4.60 12/23/2015 EUR 63.00
DZ Bank AG Deutsch 3.20 12/23/2015 EUR 62.03
DZ Bank AG Deutsch 7.60 9/23/2015 EUR 71.95
DZ Bank AG Deutsch 6.60 9/23/2015 EUR 72.94
DZ Bank AG Deutsch 6.00 9/23/2015 EUR 68.23
DZ Bank AG Deutsch 4.90 12/23/2015 EUR 74.01
Commerzbank AG 10.75 8/27/2015 EUR 72.52
Lehman Brothers Tr 6.70 4/21/2011 USD 4.42
Lehman Brothers Tr 3.00 9/12/2036 JPY 29.88
Lehman Brothers Tr 13.00 12/14/2012 USD 4.42
Notenstein Finance 8.68 4/1/2016 USD 60.04
Bank Julius Baer & 8.25 10/9/2015 USD 57.05
UBS AG 13.25 12/29/2015 EUR 63.49
Vontobel Financial 6.05 6/26/2015 EUR 72.39
UBS AG 21.75 3/29/2016 EUR 71.15
UBS AG 22.50 12/29/2015 EUR 74.94
UBS AG 23.75 9/25/2015 EUR 72.79
UBS AG 23.00 6/26/2015 EUR 74.35
UBS AG 24.75 9/25/2015 EUR 67.86
UBS AG 23.75 12/29/2015 EUR 57.55
UBS AG 22.75 9/25/2015 EUR 56.57
UBS AG 23.75 6/26/2015 EUR 63.53
UBS AG 23.25 9/25/2015 EUR 73.89
UBS AG 25.00 9/25/2015 EUR 74.16
UBS AG 23.75 12/29/2015 EUR 72.90
UBS AG 20.25 6/24/2016 EUR 73.23
Araratbank OJSC 8.00 6/11/2018 USD 25.10
Vontobel Financial 6.40 6/26/2015 EUR 74.43
UBS AG 24.00 12/29/2015 EUR 69.54
UBS AG 22.00 12/29/2015 EUR 59.00
UBS AG 20.00 12/29/2015 EUR 60.66
UBS AG 21.75 6/26/2015 EUR 56.13
UBS AG 23.00 12/29/2015 EUR 63.82
UBS AG 21.25 3/29/2016 EUR 72.99
UBS AG 19.00 6/24/2016 EUR 74.94
UBS AG 24.50 12/29/2015 EUR 67.60
UBS AG 23.00 6/26/2015 EUR 74.59
UBS AG 24.75 9/25/2015 EUR 74.44
UBS AG 23.50 12/29/2015 EUR 57.19
UBS AG 20.00 6/26/2015 EUR 57.95
UBS AG 21.75 12/29/2015 EUR 72.29
UBS AG 23.00 6/26/2015 EUR 49.24
UBS AG 20.75 6/26/2015 EUR 51.79
UBS AG 24.00 12/29/2015 EUR 72.69
UBS AG 21.25 6/26/2015 EUR 66.96
UBS AG 20.25 3/29/2016 EUR 73.03
UBS AG 13.75 9/25/2015 EUR 74.03
UBS AG 12.25 6/26/2015 EUR 67.07
UBS AG 18.00 12/29/2015 EUR 62.18
UBS AG 21.50 9/25/2015 EUR 56.40
UBS AG 24.00 6/26/2015 EUR 61.03
UBS AG 22.00 9/25/2015 EUR 72.63
UBS AG 16.25 12/29/2015 EUR 73.27
UBS AG 23.75 9/25/2015 EUR 69.52
UBS AG 20.50 12/29/2015 EUR 59.04
UBS AG 14.75 9/25/2015 EUR 65.80
Leonteq Securities 9.00 10/20/2015 CHF 63.85
Powszechne Towarzy 8.01 8/1/2016 PLN 40.00
Leonteq Securities 9.00 4/8/2016 USD 33.11
Lehman Brothers Tr 7.25 6/20/2010 USD 4.42
Lehman Brothers Tr 7.00 9/20/2011 USD 4.42
Bank Julius Baer & 10.60 10/9/2015 USD 60.40
Zurcher Kantonalba 7.02 10/9/2015 CHF 61.08
Lehman Brothers Tr 4.82 12/18/2036 EUR 8.13
Lehman Brothers Tr 5.25 4/1/2023 EUR 8.13
Bank Julius Baer & 10.20 10/7/2015 CHF 74.50
Leonteq Securities 14.00 10/20/2015 CHF 63.34
Leonteq Securities 13.60 1/6/2016 CHF 68.72
e-Kancelaria Grupa 8.04 9/15/2016 PLN 1.00
Commerzbank AG 11.50 9/24/2015 EUR 73.45
Commerzbank AG 13.75 9/24/2015 EUR 71.17
Leonteq Securities 12.40 4/27/2016 CHF 66.62
Lehman Brothers Tr 5.12 4/30/2027 EUR 8.13
Leonteq Securities 10.40 4/27/2016 CHF 69.06
DZ Bank AG Deutsch 15.50 4/24/2015 EUR 64.27
HSBC Trinkaus & Bu 21.30 6/26/2015 EUR 57.30
HSBC Trinkaus & Bu 15.80 6/26/2015 EUR 60.43
HSBC Trinkaus & Bu 8.50 6/26/2015 EUR 66.77
HSBC Trinkaus & Bu 17.10 9/25/2015 EUR 60.65
HSBC Trinkaus & Bu 13.40 9/25/2015 EUR 63.20
HSBC Trinkaus & Bu 12.80 7/24/2015 EUR 63.18
HSBC Trinkaus & Bu 11.30 10/23/2015 EUR 65.37
Lehman Brothers Tr 1.50 2/8/2012 CHF 4.42
Oesterreichische V 0.89 10/15/2019 EUR 31.88
UBS AG/London 7.50 10/15/2015 CHF 57.21
Lehman Brothers Tr 7.75 2/21/2016 EUR 4.42
Oesterreichische V 4.05 12/1/2016 EUR 70.00
Bank Julius Baer & 7.00 10/2/2015 USD 74.65
Oesterreichische V 4.50 10/21/2020 EUR 34.63
Lehman Brothers Tr 0.01 9/20/2011 USD 4.42
Kommunalbanken AS 0.50 2/2/2018 BRL 73.09
Municipality Finan 0.50 8/8/2029 NZD 58.45
Notenstein Privatb 7.40 10/31/2016 CHF 47.97
Leonteq Securities 11.20 12/29/2015 CHF 54.82
UBS AG 13.75 6/26/2015 EUR 70.95
UBS AG 10.75 6/26/2015 EUR 61.65
LBI HF 3.00 10/22/2015 EUR 3.28
Oesterreichische V 5.02 11/6/2017 EUR 58.63
Lehman Brothers Tr 4.80 11/16/2012 HKD 8.13
Oesterreichische V 4.86 11/29/2017 EUR 57.63
Oesterreichische V 5.23 12/5/2022 EUR 27.50
Lehman Brothers Tr 18.25 10/2/2008 USD 8.13
Lehman Brothers Tr 1.50 10/12/2010 EUR 4.42
ECM Real Estate In 5.00 10/9/2011 EUR 10.38
Oesterreichische V 6.00 10/17/2017 EUR 60.75
Comune di Ferentin 0.24 12/28/2027 EUR 74.98
Oesterreichische V 5.25 12/20/2022 EUR 27.50
LBI HF 5.25 6/5/2023 EUR 3.28
Lehman Brothers Tr 0.50 12/20/2017 AUD 4.42
Lehman Brothers Tr 0.50 12/20/2017 AUD 4.42
Lehman Brothers Tr 0.50 12/20/2017 AUD 4.42
Lehman Brothers Tr 0.50 12/20/2017 AUD 4.42
Lehman Brothers Tr 9.30 12/21/2010 EUR 8.13
Province of Milan 0.17 12/20/2042 EUR 49.43
Oesterreichische V 5.10 1/2/2018 EUR 57.13
Lehman Brothers Tr 8.00 12/31/2010 USD 8.13
Lehman Brothers Tr 10.00 8/2/2037 JPY 4.42
Kaupthing Bank Hf 5.00 11/8/2013 EUR 13.75
Lehman Brothers Tr 4.00 7/20/2012 EUR 4.42
Lehman Brothers Tr 2.50 8/23/2012 GBP 8.13
Lehman Brothers Tr 3.00 8/13/2011 EUR 4.42
Oesterreichische V 5.01 2/5/2018 EUR 56.00
Lehman Brothers Tr 6.25 11/30/2012 EUR 4.42
e-Kancelaria Grupa 12.00 5/6/2015 PLN 2.02
e-Kancelaria Grupa 10.00 11/6/2015 PLN 0.10
DZ Bank AG Deutsch 5.60 10/7/2015 EUR 70.76
Bank Julius Baer & 11.00 10/14/2015 CHF 56.50
Lehman Brothers Tr 8.60 7/31/2013 GBP 4.42
Lehman Brothers Tr 7.50 7/31/2013 GBP 4.42
Lehman Brothers Tr 7.32 7/31/2013 GBP 4.42
Commerzbank AG 15.00 4/23/2015 EUR 74.86
Lehman Brothers Tr 6.85 12/22/2008 EUR 4.42
Lehman Brothers Tr 7.55 12/29/2008 USD 4.42
Societe Generale S 17.60 11/17/2015 EUR 69.50
Credit Suisse AG/L 8.25 11/29/2024 USD 9.45
Lehman Brothers Tr 4.50 8/2/2009 USD 8.13
Glitnir HF 6.31 7/28/2011 USD 12.00
Glitnir HF 6.31 7/28/2011 USD 12.00
LBI HF 2.75 3/16/2011 EUR 3.28
Lehman Brothers Tr 3.70 6/6/2009 EUR 4.42
Lehman Brothers Tr 4.70 3/23/2016 EUR 4.42
Lehman Brothers Tr 8.00 4/20/2009 EUR 4.42
Lehman Brothers Tr 8.50 7/6/2009 CHF 8.13
Lehman Brothers Tr 5.10 6/22/2046 EUR 8.13
Lehman Brothers Tr 6.50 7/24/2026 EUR 4.42
Lehman Brothers Tr 2.00 11/16/2009 EUR 4.42
Uboat Line SA 6.00 4/24/2015 PLN 1.00
Societe Generale S 0.07 6/4/2015 USD 63.30
Commerzbank AG 3.00 12/3/2015 EUR 72.60
JP Morgan Structur 9.72 6/25/2015 USD 73.33
Bank Julius Baer & 7.90 11/20/2015 USD 69.10
UBS AG/London 11.50 11/26/2015 CHF 67.91
UBS AG/London 10.75 11/26/2015 CHF 67.82
HSBC Bank PLC 0.50 5/29/2020 IDR 64.95
Notenstein Privatb 8.20 5/27/2016 CHF 71.14
Credit Suisse AG/N 10.25 8/28/2015 USD 52.69
Leonteq Securities 15.20 12/2/2015 CHF 59.02
Leonteq Securities 20.00 12/8/2015 USD 59.60
Leonteq Securities 13.00 9/2/2015 CHF 64.54
Notenstein Privatb 9.10 8/29/2016 CHF 68.68
Notenstein Privatb 9.10 8/29/2016 CHF 63.65
Bank Julius Baer & 7.00 8/28/2015 USD 70.60
UBS AG/London 7.50 8/13/2015 CHF 46.26
Leonteq Securities 11.00 8/25/2015 USD 57.70
Notenstein Privatb 10.00 9/5/2016 CHF 64.06
UBS AG/London 13.75 8/27/2015 CHF 72.16
Credit Suisse AG/N 8.50 2/29/2016 USD 71.31
Leonteq Securities 12.00 12/15/2015 CHF 70.82
UBS AG/London 11.25 8/27/2015 CHF 48.07
Commerzbank AG 10.25 8/27/2015 EUR 74.31
HSBC Trinkaus & Bu 6.00 12/28/2015 EUR 66.76
HSBC Trinkaus & Bu 11.50 9/25/2015 EUR 71.62
Notenstein Privatb 7.20 9/3/2015 EUR 61.12
Leonteq Securities 9.50 9/8/2016 USD 60.80
Leonteq Securities 8.64 9/8/2016 CHF 61.38
Bank Julius Baer & 10.70 9/16/2015 CHF 74.05
HSBC Trinkaus & Bu 6.00 12/28/2015 EUR 40.88
HSBC Trinkaus & Bu 6.00 12/28/2015 EUR 50.17
HSBC Trinkaus & Bu 6.00 12/28/2015 EUR 56.97
Bank Julius Baer & 7.40 9/9/2015 CHF 47.40
HSBC Trinkaus & Bu 6.00 9/25/2015 EUR 74.83
UBS AG/London 19.25 9/25/2015 EUR 73.72
e-Kancelaria Grupa 9.00 12/23/2015 PLN 1.00
UBS AG/London 5.00 8/6/2015 USD 56.56
e-Kancelaria Grupa 9.00 12/4/2015 PLN 0.10
UBS AG/London 24.75 3/29/2016 EUR 72.16
HSBC Trinkaus & Bu 8.00 8/28/2015 EUR 74.09
UBS AG/London 18.00 6/26/2015 EUR 74.33
UBS AG/London 21.75 6/26/2015 EUR 71.18
UBS AG/London 23.50 6/24/2016 EUR 73.50
UBS AG/London 23.75 6/26/2015 EUR 69.79
UBS AG/London 17.75 9/25/2015 EUR 74.82
UBS AG/London 18.50 12/29/2015 EUR 74.90
HSBC Trinkaus & Bu 9.50 4/24/2015 EUR 67.41
HSBC Trinkaus & Bu 8.50 8/28/2015 EUR 69.81
UBS AG/London 22.25 6/24/2016 EUR 73.77
UBS AG/London 22.00 9/25/2015 EUR 71.66
Bank Julius Baer & 11.50 8/19/2015 CHF 74.20
Vontobel Financial 24.30 6/26/2015 EUR 68.07
Bank Julius Baer & 8.20 9/23/2015 CHF 50.30
Republika Srpska 1.50 12/24/2025 BAM 68.02
Leonteq Securities 11.00 12/4/2015 USD 61.52
UBS AG/London 11.75 11/12/2015 CHF 61.77
UBS AG/London 18.00 12/29/2015 EUR 74.06
UBS AG/London 16.25 6/26/2015 EUR 74.31
UBS AG/London 21.25 6/26/2015 EUR 70.11
UBS AG/London 23.50 6/26/2015 EUR 61.97
UBS AG/London 17.75 9/25/2015 EUR 73.77
UBS AG/London 10.25 9/25/2015 EUR 61.80
HSBC Bank PLC 0.50 7/30/2019 IDR 68.91
UBS AG/London 24.75 9/25/2015 EUR 74.80
e-Kancelaria Grupa 8.32 10/17/2016 PLN 1.00
UTair-Finans OOO 12.00 6/17/2016 RUB 30.30
UBS AG/London 13.75 6/26/2015 EUR 70.73
UBS AG/London 9.00 9/25/2015 EUR 67.23
Leonteq Securities 9.60 11/18/2015 CHF 70.01
UBS AG/London 18.50 6/26/2015 EUR 65.88
UBS AG/London 21.25 9/25/2015 EUR 70.92
UBS AG/London 9.00 12/29/2015 EUR 64.08
UBS AG/London 14.75 9/25/2015 EUR 65.57
Lehman Brothers Tr 4.50 3/6/2013 CHF 4.42
Lehman Brothers Tr 3.85 4/24/2009 USD 8.13
Lehman Brothers Tr 8.00 5/22/2009 USD 8.13
Lehman Brothers Tr 5.75 6/15/2009 CHF 8.13
Lehman Brothers Tr 7.50 10/24/2008 USD 8.13
Lehman Brothers Tr 10.00 3/27/2009 USD 4.42
Lehman Brothers Tr 5.00 10/24/2008 CHF 8.13
Lehman Brothers Tr 7.75 1/30/2009 EUR 8.13
Kaupthing Bank Hf 1.75 6/7/2016 EUR 13.75
Credit Suisse AG/N 8.00 3/16/2016 USD 73.53
Glitnir HF 6.84 12/15/2015 EUR 0.02
Lehman Brothers Tr 4.00 4/24/2009 USD 8.13
Lehman Brothers Tr 9.00 6/13/2009 USD 8.13
Lehman Brothers Tr 9.00 3/17/2009 GBP 8.13
Lehman Brothers Tr 10.50 8/9/2010 EUR 8.13
Lehman Brothers Tr 8.00 8/3/2009 USD 8.13
Lehman Brothers Tr 2.50 12/15/2011 GBP 8.13
Lehman Brothers Tr 4.00 11/24/2016 EUR 4.42
Kaupthing Bank Hf 4.50 1/17/2011 EUR 13.75
Lehman Brothers Tr 6.00 2/14/2012 EUR 8.13
Lehman Brothers Tr 15.00 3/30/2011 EUR 4.42
Lehman Brothers Tr 6.00 5/12/2017 EUR 4.42
LBI HF 4.34 3/1/2011 EUR 3.28
Lehman Brothers Tr 5.00 2/28/2032 EUR 4.42
Lehman Brothers Tr 5.00 4/24/2017 EUR 4.42
Kaupthing Bank Hf 4.53 4/24/2012 EUR 13.75
Kaupthing Bank Hf 4.47 10/27/2010 EUR 13.75
Totens Sparebank 2.98 NOK 69.81
Kaupthing Bank Hf 0.95 10/20/2010 JPY 13.75
Comune di Orvieto 0.30 12/31/2031 EUR 66.73
Lehman Brothers Tr 4.95 10/25/2036 EUR 4.42
Lehman Brothers Tr 1.50 10/25/2011 EUR 4.42
Lehman Brothers Tr 4.50 7/24/2014 EUR 4.42
Comune di Erchie 0.31 12/31/2036 EUR 57.94
Lehman Brothers Tr 0.25 10/19/2012 CHF 4.42
Lehman Brothers Tr 1.68 3/5/2015 EUR 4.42
Lehman Brothers Tr 9.00 5/15/2022 USD 4.42
Lehman Brothers Tr 6.75 4/5/2012 EUR 4.42
LBI HF 4.28 11/19/2010 EUR 3.28
Comune di Marscian 0.33 12/31/2036 EUR 58.43
Province of Trevis 0.17 12/31/2034 EUR 61.28
Comune di Comezzan 0.34 6/30/2030 EUR 70.29
Lehman Brothers Tr 11.00 12/19/2011 USD 4.42
Comune di Lozio 0.44 12/31/2035 EUR 61.66
Comune di Cimbergo 0.39 12/31/2035 EUR 60.88
Comune di Orvieto 0.30 12/31/2030 EUR 68.60
Province of Teramo 0.27 12/30/2030 EUR 69.52
Leonteq Securities 9.07 5/3/2016 GBP 55.20
Lehman Brothers Tr 3.35 10/13/2016 EUR 4.42
Kaupthing Bank Hf 0.69 5/21/2011 JPY 13.75
Lehman Brothers Tr 6.00 5/23/2018 CZK 4.42
Lehman Brothers Tr 2.48 5/12/2009 USD 4.42
Lehman Brothers Tr 2.25 5/12/2009 USD 4.42
Lehman Brothers Tr 7.50 6/15/2017 USD 4.42
Leonteq Securities 12.40 2/3/2016 CHF 68.04
Bank Julius Baer & 14.20 10/28/2015 CHF 61.85
HSBC Trinkaus & Bu 13.50 7/24/2015 EUR 71.80
HSBC Trinkaus & Bu 11.60 10/23/2015 EUR 73.56
HSBC Trinkaus & Bu 23.50 6/26/2015 EUR 64.16
Bank Julius Baer & 13.70 11/11/2015 CHF 66.35
UBS AG/London 12.35 11/3/2015 CHF 62.90
Araratbank OJSC 8.50 6/14/2016 USD 25.47
Bank Julius Baer & 9.75 11/13/2015 USD 67.15
Bank Julius Baer & 10.20 11/13/2015 USD 72.00
Leonteq Securities 9.40 11/17/2015 CHF 70.58
UBS AG/London 6.50 11/5/2015 USD 72.27
Goldman Sachs & Co 14.00 5/20/2015 EUR 69.54
Goldman Sachs & Co 12.00 9/23/2015 EUR 73.39
Kaupthing Bank Hf 7.90 2/1/2016 EUR 13.75
LBI HF 4.34 12/22/2025 EUR 3.28
Lehman Brothers Tr 4.50 3/7/2015 EUR 4.42
Credit Suisse AG/L 9.50 5/11/2015 USD 59.17
BNP Paribas Emissi 9.00 6/25/2015 EUR 73.76
BNP Paribas Emissi 11.00 6/25/2015 EUR 70.38
Deutsche Bank AG 6.20 6/22/2015 EUR 74.70
Zurcher Kantonalba 14.00 7/29/2015 EUR 73.67
Commerzbank AG 11.75 4/23/2015 EUR 62.56
Glitnir HF 2.00 1/30/2009 CHF 12.00
Commerzbank AG 7.00 4/23/2015 EUR 71.80
BNP Paribas Emissi 8.00 6/25/2015 EUR 72.94
BNP Paribas Emissi 10.50 6/25/2015 EUR 67.04
Glitnir HF 4.50 1/9/2012 EUR 12.00
HSBC Trinkaus & Bu 16.00 6/26/2015 EUR 62.52
Commerzbank AG 9.50 4/23/2015 EUR 74.30
Commerzbank AG 11.50 4/23/2015 EUR 70.34
Commerzbank AG 13.50 4/23/2015 EUR 66.79
Commerzbank AG 20.00 4/23/2015 EUR 66.89
Commerzbank AG 23.75 4/23/2015 EUR 60.34
Commerzbank AG 27.25 4/23/2015 EUR 54.78
UniCredit Bank AG 4.30 6/24/2015 EUR 70.81
UniCredit Bank AG 5.00 6/24/2015 EUR 71.91
DZ Bank AG Deutsch 15.75 4/24/2015 EUR 46.06
DZ Bank AG Deutsch 10.75 4/24/2015 EUR 62.31
Commerzbank AG 5.75 4/23/2015 EUR 67.08
Commerzbank AG 8.00 4/23/2015 EUR 63.78
Commerzbank AG 9.25 4/23/2015 EUR 66.85
Bank Julius Baer & 8.50 5/7/2015 USD 72.55
Lehman Brothers Tr 7.50 8/1/2035 EUR 4.42
Glitnir HF 4.75 10/15/2010 USD 12.00
Credit Suisse AG/N 8.25 5/4/2015 USD 70.98
Province of Rovigo 0.42 12/28/2035 EUR 62.96
Deutsche Bank AG 7.20 6/22/2015 EUR 70.90
Deutsche Bank AG 6.20 6/22/2015 EUR 63.00
Deutsche Bank AG 5.20 6/22/2015 EUR 66.40
Deutsche Bank AG 7.20 6/22/2015 EUR 63.20
Deutsche Bank AG 5.20 6/22/2015 EUR 70.50
Deutsche Bank AG 6.20 6/22/2015 EUR 70.70
Deutsche Bank AG 7.20 6/22/2015 EUR 66.80
DZ Bank AG Deutsch 9.00 4/24/2015 EUR 67.51
Lehman Brothers Tr 3.63 3/2/2012 EUR 8.13
LBI HF 4.08 3/16/2015 EUR 3.28
LBI HF 1.68 12/22/2014 JPY 3.28
Comune di Marscian 0.50 12/30/2034 EUR 63.77
Province of Trevis 0.31 12/31/2034 EUR 62.79
LBI HF 2.14 2/3/2020 JPY 3.28
Lehman Brothers Tr 7.00 6/6/2017 EUR 4.42
Glitnir HF 5.35 5/11/2010 USD 12.00
Lehman Brothers Tr 0.75 3/29/2012 EUR 4.42
Deutsche Bank AG 5.20 9/22/2015 EUR 72.40
Deutsche Bank AG 7.20 9/22/2015 EUR 73.30
Deutsche Bank AG 6.20 9/22/2015 EUR 72.80
UniCredit Bank AG 5.00 6/25/2015 EUR 68.02
UniCredit Bank AG 6.50 6/25/2015 EUR 65.24
UniCredit Bank AG 6.25 6/25/2015 EUR 65.94
UniCredit Bank AG 4.75 6/25/2015 EUR 69.62
Glitnir HF 2.75 3/31/2010 EUR 12.00
DZ Bank AG Deutsch 8.25 6/26/2015 EUR 61.65
DZ Bank AG Deutsch 7.50 6/26/2015 EUR 71.34
DZ Bank AG Deutsch 9.00 6/26/2015 EUR 71.64
Lehman Brothers Tr 3.00 8/15/2017 EUR 4.42
Lehman Brothers Tr 3.50 9/19/2017 EUR 8.13
DZ Bank AG Deutsch 9.25 6/12/2015 EUR 72.56
Glitnir HF 0.01 5/6/2009 JPY 12.00
Commerzbank AG 10.25 4/23/2015 EUR 71.65
Muehl Product & Se 6.75 3/10/2005 DEM 1.70
Lehman Brothers Tr 7.00 7/11/2010 EUR 4.42
Glitnir HF 4.01 7/6/2009 HKD 12.00
Lehman Brothers Tr 5.00 8/1/2025 EUR 4.42
Lehman Brothers Tr 6.00 7/28/2010 EUR 8.13
Lehman Brothers Tr 6.00 7/28/2010 EUR 8.13
Glitnir HF 3.45 8/22/2010 CZK 12.00
Glitnir HF 0.01 8/3/2009 JPY 12.00
Bank Julius Baer & 12.25 4/24/2015 USD 58.10
LBI HF 3.36 8/17/2012 EUR 3.28
Glitnir HF 3.30 8/22/2012 EUR 12.00
LBBW 5.00 6/26/2015 EUR 74.54
Credit Suisse AG/L 7.60 10/15/2015 CHF 67.29
HSBC Trinkaus & Bu 14.00 6/26/2015 EUR 57.87
HSBC Trinkaus & Bu 10.00 6/26/2015 EUR 66.57
Glitnir HF 3.00 10/4/2011 EUR 12.00
Glitnir HF 5.00 3/14/2012 EUR 12.00
Lehman Brothers Tr 3.50 9/29/2017 EUR 8.13
Lehman Brothers Tr 3.00 8/8/2017 EUR 4.42
UniCredit Bank AG 6.10 6/25/2015 EUR 66.68
UniCredit Bank AG 4.25 6/25/2015 EUR 71.26
Lehman Brothers Tr 5.00 9/1/2011 EUR 4.42
DZ Bank AG Deutsch 10.00 6/12/2015 EUR 72.68
Goldman Sachs & Co 16.00 5/20/2015 EUR 63.28
Lehman Brothers Tr 6.00 12/6/2016 USD 4.42
HSBC Trinkaus & Bu 13.50 6/26/2015 EUR 68.59
HSBC Trinkaus & Bu 11.00 6/26/2015 EUR 61.86
HSBC Trinkaus & Bu 14.00 6/26/2015 EUR 61.69
HSBC Trinkaus & Bu 7.00 9/25/2015 EUR 71.03
HSBC Trinkaus & Bu 11.50 6/26/2015 EUR 69.04
Glitnir HF 6.75 3/27/2013 EUR 12.00
Glitnir HF 3.00 10/31/2015 EUR 12.00
UBS AG/London 19.75 4/16/2015 CHF 65.75
Lehman Brothers Tr 4.15 8/25/2020 EUR 8.13
Lehman Brothers Tr 2.30 6/27/2013 USD 8.13
Lehman Brothers Tr 2.37 7/15/2013 USD 4.42
Vontobel Financial 4.00 6/12/2015 EUR 55.10
Notenstein Privatb 7.00 6/17/2015 CHF 71.64
Kaupthing Bank Hf 6.50 10/8/2010 ISK 13.75
Vontobel Financial 8.00 6/12/2015 EUR 51.30
Leonteq Securities 5.00 5/23/2016 CHF 63.20
Leonteq Securities 5.65 5/27/2015 CHF 65.99
Lehman Brothers Tr 5.22 3/1/2024 EUR 8.13
Lehman Brothers Tr 2.75 10/28/2009 EUR 4.42
LBI HF 3.45 12/18/2033 JPY 0.01
Lehman Brothers Tr 4.10 5/20/2009 USD 8.13
Lehman Brothers Tr 2.00 5/17/2010 EUR 8.13
LBBW 5.25 8/28/2015 EUR 73.03
LBBW 6.50 8/28/2015 EUR 68.52
Province of Trevis 0.40 12/31/2034 EUR 64.55
Lehman Brothers Tr 3.82 10/20/2009 USD 8.13
Glitnir HF 3.00 12/15/2009 EUR 12.00
Lehman Brothers Tr 3.00 6/23/2009 EUR 4.42
Lehman Brothers Tr 4.00 2/28/2010 EUR 8.13
Lehman Brothers Tr 5.00 12/6/2011 EUR 8.13
Commerzbank AG 9.00 4/23/2015 EUR 71.33
UniCredit Bank AG 5.00 6/24/2015 EUR 68.41
Vontobel Financial 11.20 5/15/2015 EUR 69.05
Vontobel Financial 5.80 6/12/2015 EUR 70.75
UniCredit Bank AG 4.75 6/24/2015 EUR 73.84
UniCredit Bank AG 6.00 6/24/2015 EUR 74.32
Bank Julius Baer & 8.00 5/7/2015 USD 66.35
Glitnir HF 4.85 4/6/2012 EUR 12.00
Kaupthing Bank Hf 5.40 3/22/2014 ISK 0.00
DZ Bank AG Deutsch 7.50 6/12/2015 EUR 72.69
Commerzbank AG 11.50 4/23/2015 EUR 61.12
DZ Bank AG Deutsch 7.75 6/26/2015 EUR 73.88
Lehman Brothers Tr 6.00 3/17/2011 EUR 4.42
UniCredit Bank AG 5.25 6/24/2015 EUR 67.66
UniCredit Bank AG 4.75 6/24/2015 EUR 69.20
UniCredit Bank AG 4.50 6/24/2015 EUR 69.98
UniCredit Bank AG 5.00 6/24/2015 EUR 72.49
Leonteq Securities 11.60 8/12/2015 USD 61.19
DZ Bank AG Deutsch 5.25 6/26/2015 EUR 73.00
DZ Bank AG Deutsch 16.00 6/26/2015 EUR 70.95
Vontobel Financial 7.75 6/26/2015 EUR 72.23
Raiffeisen Centrob 9.12 7/22/2015 EUR 74.71
Raiffeisen Centrob 8.24 1/20/2016 EUR 74.20
UniCredit Bank AG 6.00 6/24/2015 EUR 72.35
UniCredit Bank AG 6.50 6/24/2015 EUR 73.27
UniCredit Bank AG 5.50 6/24/2015 EUR 66.93
UniCredit Bank AG 5.25 6/24/2015 EUR 70.07
Societe Generale E 4.00 6/26/2017 EUR 52.61
Lehman Brothers Tr 2.40 6/20/2011 JPY 4.42
Lehman Brothers Tr 1.60 6/21/2010 JPY 4.42
Lehman Brothers Tr 4.87 10/8/2013 USD 8.13
LBI HF 5.44 9/3/2018 EUR 0.01
Lehman Brothers Tr 1.95 11/4/2013 EUR 8.13
Raiffeisen-Holding 2.99 EUR 71.75
HSBC Trinkaus & Bu 15.00 6/26/2015 EUR 67.24
HSBC Trinkaus & Bu 10.50 6/26/2015 EUR 72.32
HSBC Trinkaus & Bu 10.00 4/24/2015 EUR 73.36
Goldman Sachs & Co 8.00 7/22/2015 EUR 74.15
Goldman Sachs & Co 10.00 12/23/2015 EUR 71.74
Vontobel Financial 6.05 9/25/2015 EUR 69.42
Goldman Sachs & Co 10.00 7/22/2015 EUR 70.94
Goldman Sachs & Co 12.00 7/22/2015 EUR 68.09
DZ Bank AG Deutsch 9.25 5/22/2015 EUR 60.91
DZ Bank AG Deutsch 15.25 5/22/2015 EUR 52.55
HSBC Bank PLC 0.50 2/5/2018 RUB 72.02
e-Kancelaria Grupa 9.91 7/11/2015 PLN 0.10
DZ Bank AG Deutsch 7.25 6/12/2015 EUR 71.02
DZ Bank AG Deutsch 8.00 9/11/2015 EUR 73.03
DZ Bank AG Deutsch 6.75 9/11/2015 EUR 72.51
UBS AG/London 13.25 5/20/2015 CHF 43.39
Bank Julius Baer & 11.50 5/21/2015 USD 52.00
Credit Suisse AG/L 8.00 5/29/2015 USD 59.06
UBS AG/London 11.00 5/13/2015 CHF 43.60
Vontobel Financial 8.85 5/22/2015 EUR 72.81
DZ Bank AG Deutsch 7.50 6/12/2015 EUR 72.35
DZ Bank AG Deutsch 7.25 9/11/2015 EUR 73.98
DZ Bank AG Deutsch 7.75 9/11/2015 EUR 74.18
Bank Julius Baer & 14.75 5/20/2015 CHF 65.60
Bank Julius Baer & 8.75 5/22/2015 USD 73.30
Vontobel Financial 7.50 6/26/2015 EUR 72.00
HSBC Trinkaus & Bu 12.00 6/26/2015 EUR 70.80
HSBC Trinkaus & Bu 7.50 6/26/2015 EUR 73.01
HSBC Trinkaus & Bu 10.50 4/24/2015 EUR 65.39
HSBC Trinkaus & Bu 10.00 4/24/2015 EUR 70.33
UniCredit Bank AG 4.00 9/24/2015 EUR 69.09
UniCredit Bank AG 4.00 9/24/2015 EUR 72.42
UniCredit Bank AG 4.00 9/24/2015 EUR 71.46
Barclays Bank PLC 1.64 6/3/2041 USD 74.62
DZ Bank AG Deutsch 8.40 6/12/2015 EUR 74.40
UniCredit Bank AG 5.00 7/23/2015 EUR 70.90
UniCredit Bank AG 4.50 7/23/2015 EUR 72.54
UniCredit Bank AG 4.00 7/23/2015 EUR 74.24
Commerzbank AG 10.50 5/21/2015 EUR 71.70
Vontobel Financial 7.50 6/26/2015 EUR 67.80
UniCredit Bank AG 5.50 7/23/2015 EUR 68.54
UBS AG/London 8.98 5/22/2015 CHF 70.45
UBS AG/London 12.53 5/22/2015 CHF 69.75
UBS AG/London 14.83 5/22/2015 CHF 71.15
UBS AG/London 6.50 5/22/2015 CHF 44.55
UBS AG/London 10.60 5/12/2015 USD 57.70
HSBC Trinkaus & Bu 6.50 4/24/2015 EUR 72.16
Lehman Brothers Tr 5.25 11/21/2009 USD 4.42
Commerzbank AG 2.00 2/3/2016 EUR 63.83
Municipality Finan 0.50 2/7/2018 BRL 73.77
Leonteq Securities 6.70 6/6/2016 USD 66.48
Vontobel Financial 10.45 9/11/2015 EUR 69.00
Vontobel Financial 8.65 9/11/2015 EUR 71.63
Vontobel Financial 4.95 9/11/2015 EUR 69.04
Vontobel Financial 7.80 9/11/2015 EUR 70.20
UBS AG/London 10.50 6/5/2015 CHF 59.03
Vontobel Financial 9.50 6/12/2015 EUR 69.64
Vontobel Financial 6.95 9/11/2015 EUR 74.64
Commerzbank AG 6.75 5/21/2015 EUR 74.17
Commerzbank AG 8.75 5/21/2015 EUR 70.49
Commerzbank AG 11.00 5/21/2015 EUR 67.23
Oesterreichische V 1.28 6/14/2016 EUR 74.38
DZ Bank AG Deutsch 10.50 5/22/2015 EUR 61.30
DZ Bank AG Deutsch 16.00 5/22/2015 EUR 52.63
DZ Bank AG Deutsch 7.25 6/26/2015 EUR 68.71
Bank Julius Baer & 15.25 6/4/2015 CHF 59.90
HSBC Trinkaus & Bu 10.50 4/24/2015 EUR 71.89
HSBC Trinkaus & Bu 15.00 6/26/2015 EUR 72.82
UBS AG/London 7.75 5/28/2015 CHF 43.65
DZ Bank AG Deutsch 7.50 9/11/2015 EUR 74.57
HSBC Trinkaus & Bu 12.00 6/26/2015 EUR 70.55
Commerzbank AG 11.50 5/21/2015 EUR 71.55
Oesterreichische V 1.33 6/14/2017 EUR 57.88
Vontobel Financial 8.80 6/26/2015 EUR 69.88
Credit Suisse AG/L 9.00 12/18/2015 USD 44.79
Bank Julius Baer & 11.25 6/3/2015 CHF 59.35
Bank Julius Baer & 9.10 5/22/2015 EUR 72.90
Municipality Finan 0.50 1/10/2018 BRL 74.36
Bank Julius Baer & 3.90 11/30/2015 CHF 70.05
HSBC Bank PLC 0.50 11/9/2018 IDR 73.25
Leonteq Securities 6.25 11/13/2015 CHF 57.03
Leonteq Securities 6.11 1/7/2016 EUR 69.65
Leonteq Securities 6.00 1/7/2016 EUR 34.95
UBS AG/London 5.50 10/29/2015 USD 73.02
HSBC Trinkaus & Bu 17.00 12/28/2015 EUR 71.14
Notenstein Finance 12.00 11/3/2015 USD 72.84
BNP Paribas SA 0.50 11/16/2032 MXN 35.96
Leonteq Securities 4.50 4/4/2016 EUR 47.25
Notenstein Privatb 3.00 9/22/2020 CHF 63.77
Leonteq Securities 7.00 1/22/2016 CHF 44.95
Klaebu Sparebank 2.72 NOK 70.55
UBS AG 11.50 6/26/2015 EUR 70.02
Zurcher Kantonalba 3.69 1/25/2016 CHF 55.23
Leonteq Securities 3.10 3/1/2016 EUR 64.98
Leonteq Securities 5.25 2/26/2016 CHF 61.30
Leonteq Securities 3.90 3/1/2016 EUR 51.85
HSBC Bank PLC 0.50 12/20/2018 RUB 65.46
Leonteq Securities 5.60 11/20/2015 GBP 74.18
Leonteq Securities 7.60 11/20/2015 USD 36.91
BNP Paribas Emissi 15.00 12/24/2015 EUR 74.09
BNP Paribas Emissi 16.00 12/24/2015 EUR 72.24
Comune di Bossico 0.39 12/31/2035 EUR 60.88
Comune di Ponte Di 0.39 12/31/2035 EUR 60.88
Comune di Roe Volc 0.39 12/31/2035 EUR 60.88
Comune di Bovegno 0.39 12/31/2035 EUR 60.88
Kaupthing Bank Hf 4.90 5/29/2017 EUR 13.75
Lehman Brothers Tr 4.00 5/30/2010 USD 8.13
Lehman Brothers Tr 4.00 5/17/2010 USD 4.42
Kaupthing Bank Hf 5.00 1/4/2027 SKK 13.75
Lehman Brothers Tr 4.10 2/19/2010 EUR 4.42
Lehman Brothers Tr 6.60 2/22/2012 EUR 8.13
Lehman Brothers Tr 3.50 10/31/2011 USD 4.42
Glitnir HF 3.50 10/30/2012 EUR 12.00
HSBC Trinkaus & Bu 6.50 9/25/2015 EUR 74.70
HSBC Trinkaus & Bu 14.00 6/26/2015 EUR 53.03
HSBC Trinkaus & Bu 11.00 6/26/2015 EUR 57.62
HSBC Trinkaus & Bu 8.00 6/26/2015 EUR 63.40
HSBC Trinkaus & Bu 6.50 6/26/2015 EUR 68.04
DZ Bank AG Deutsch 6.75 4/17/2015 EUR 71.36
Bank Julius Baer & 11.50 4/17/2015 EUR 74.80
DZ Bank AG Deutsch 7.25 8/14/2015 EUR 72.14
DZ Bank AG Deutsch 8.25 6/26/2015 EUR 73.98
DZ Bank AG Deutsch 9.00 6/26/2015 EUR 73.00
DZ Bank AG Deutsch 7.00 9/25/2015 EUR 74.27
Bank Julius Baer & 9.40 5/27/2015 CHF 69.45
DZ Bank AG Deutsch 8.50 5/22/2015 EUR 70.74
DZ Bank AG Deutsch 5.50 5/22/2015 EUR 67.84
DZ Bank AG Deutsch 7.00 5/22/2015 EUR 73.45
DZ Bank AG Deutsch 10.25 5/22/2015 EUR 66.27
DZ Bank AG Deutsch 16.00 5/22/2015 EUR 57.94
BNP Paribas Emissi 6.00 6/25/2015 EUR 69.20
Zurcher Kantonalba 8.00 6/4/2015 CHF 49.61
UniCredit Bank AG 5.50 7/23/2015 EUR 71.46
UniCredit Bank AG 5.20 7/23/2015 EUR 73.29
UniCredit Bank AG 6.00 7/23/2015 EUR 72.83
Vontobel Financial 9.20 9/25/2015 EUR 68.86
Vontobel Financial 5.90 9/25/2015 EUR 74.43
Vontobel Financial 6.40 6/26/2015 EUR 73.17
DZ Bank AG Deutsch 7.75 6/12/2015 EUR 67.65
DZ Bank AG Deutsch 6.50 6/12/2015 EUR 67.53
HSBC Trinkaus & Bu 7.00 4/24/2015 EUR 68.39
HSBC Trinkaus & Bu 15.00 6/26/2015 EUR 70.33
HSBC Trinkaus & Bu 9.50 4/24/2015 EUR 64.72
Deutsche Bank AG 5.20 8/26/2015 EUR 73.90
Deutsche Bank AG 6.20 7/22/2015 EUR 73.80
Deutsche Bank AG 5.20 7/22/2015 EUR 73.50
Deutsche Bank AG 6.20 8/26/2015 EUR 74.30
HSBC Trinkaus & Bu 10.00 4/24/2015 EUR 68.47
UBS AG 14.25 6/26/2015 EUR 64.35
DZ Bank AG Deutsch 3.60 8/21/2015 EUR 58.44
Banque Cantonale V 4.25 8/28/2015 CHF 52.33
Deutsche Bank AG 6.20 6/22/2015 EUR 66.60
Deutsche Bank AG 5.20 6/22/2015 EUR 62.80
Lehman Brothers Tr 10.00 1/4/2010 USD 4.42
Zurcher Kantonalba 12.00 7/23/2015 CHF 51.02
Leonteq Securities 13.00 8/25/2015 CHF 57.24
DZ Bank AG Deutsch 15.75 9/25/2015 EUR 67.88
HSBC Trinkaus & Bu 9.00 6/26/2015 EUR 71.47
HSBC Trinkaus & Bu 8.00 6/26/2015 EUR 71.27
HSBC Trinkaus & Bu 8.40 9/25/2015 EUR 72.64
HSBC Trinkaus & Bu 7.80 9/25/2015 EUR 72.38
HSBC Trinkaus & Bu 7.10 9/25/2015 EUR 72.06
HSBC Trinkaus & Bu 7.90 12/28/2015 EUR 73.44
HSBC Trinkaus & Bu 7.50 12/28/2015 EUR 73.16
HSBC Trinkaus & Bu 7.00 12/28/2015 EUR 72.80
HSBC Trinkaus & Bu 5.90 12/28/2015 EUR 72.03
UBS AG 15.50 12/29/2015 EUR 74.19
UBS AG 16.00 9/25/2015 EUR 66.62
UBS AG 22.75 12/29/2015 EUR 58.33
UBS AG 13.75 9/25/2015 EUR 70.82
UBS AG 15.00 6/26/2015 EUR 67.82
UBS AG 23.75 9/25/2015 EUR 55.37
UBS AG 24.50 9/25/2015 EUR 61.51
UBS AG 17.25 9/25/2015 EUR 70.89
BNP Paribas SA 0.50 2/13/2024 NZD 67.58
Leonteq Securities 13.00 6/5/2015 CHF 67.84
Credit Suisse AG/L 15.50 5/4/2016 USD 58.45
UBS AG/London 12.88 10/23/2015 CHF 64.55
DZ Bank AG Deutsch 8.50 5/22/2015 EUR 68.75
Notenstein Finance 7.00 10/23/2015 USD 62.42
HSBC Bank PLC 0.50 3/1/2018 RUB 71.39
UBS AG 0.50 4/27/2015 CHF 70.35
Provincia di Ancon 0.31 6/30/2028 EUR 74.51
Leonteq Securities 20.00 2/23/2016 USD 61.43
Societe Generale S 0.50 4/3/2023 RUB 41.82
Societe Generale E 2.50 10/7/2016 EUR 59.37
Oesterreichische V 2.75 8/24/2016 EUR 72.38
Oesterreichische V 2.75 8/26/2016 EUR 72.25
Oesterreichische V 3.00 7/26/2016 EUR 74.00
Barclays Bank PLC 3.50 12/7/2015 EUR 68.52
EFG International 6.00 11/30/2017 EUR 57.16
Barclays Bank PLC 2.50 3/7/2017 EUR 56.08
Raiffeisen Centrob 2.80 11/14/2016 EUR 63.63
EFG International 12.86 10/30/2017 EUR 74.63
Lehman Brothers Tr 6.00 6/21/2011 EUR 4.42
Lehman Brothers Tr 2.00 6/21/2011 EUR 4.42
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable. Those sources may not,
however, be complete or accurate. The Monday Bond Pricing table
is compiled on the Friday prior to publication. Prices reported
are not intended to reflect actual trades. Prices for actual
trades are probably different. Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets. At first glance, this list may look
like the definitive compilation of stocks that are ideal to sell
short. Don't be fooled. Assets, for example, reported at
historical cost net of depreciation may understate the true value
of a firm's assets. A company may establish reserves on its
balance sheet for liabilities that may never materialize. The
prices at which equity securities trade in public market are
determined by more than a balance sheet solvency test.
Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/booksto order any title today.
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.
Copyright 2015. 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 or Nina Novak at
202-362-8552.
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