/raid1/www/Hosts/bankrupt/TCREUR_Public/151123.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, November 23, 2015, Vol. 16, No. 231
Headlines
B E L A R U S
BELARUS RE: Fitch Affirms 'B-' IFS Rating; Outlook Stable
BELGOSSTRAKH: Fitch Affirms 'B-' IFS Rating, Outlook Stable
F R A N C E
CGG SA: Moody's Assigns (P)B1 Rating to $270MM Secured Term Loan
G E R M A N Y
TRW AUTOMOTIVE: Moody's Cuts Rating on Sr. Unsecured Notes to Ba2
G R E E C E
GREECE: Parliament OKs Additional Reforms to Unlock Bailout
I R E L A N D
ALLIED IRISH: Raises EUR750MM via Bond Issue to Repay Bailout
L U X E M B O U R G
GLOBAL BLUE: Moody's Puts Ba3 CFR on Review for Downgrade
N E T H E R L A N D S
EUROCREDIT CDO IV: S&P Raises Ratings on 2 Note Classes to B-
HIGHLANDER EURO III: S&P Raises Rating on Class E Notes to BB+
UCL RAIL: Fitch Affirms 'BB+' IDR, Outlook Negative
R U S S I A
ACRON JSC: Moody's Assigns Ba3 Ratings to Domestic Bond Issues
ADEKTA-PENSION: Bank of Russia Ends Provisional Administration
ECONOMSTRAKHOVANIE LLC: Bank of Russia Suspends Insurance License
SBEREGATELNY JSC: Bank of Russia Ends Provisional Administration
SUNNY BEACH: Bank of Russia Ends Provisional Administration
ZASHCHITA BUDUSHCHEGO: Provisional Administration Terminated
S W I T Z E R L A N D
GLOBAL BLUE: S&P Affirms 'BB-' CCR, Outlook Stable
U K R A I N E
UKRAINE: Deposit Fund Gets UAH3.6 Billion From Insolvent Banks
UKRAINE: PM Balks at Russia's Debt Restructuring Proposal
UKRAINE: Moody's Hikes Issuer Rating to Caa3, Outlook Stable
U N I T E D K I N G D O M
ABENGOA SA: Moody's Lowers Corporate Family Rating to 'B3'
ACISION BV: S&P Maintains 'B' CCR on CreditWatch Positive
BESTWAY UK: S&P Revises Outlook to Negative & Affirms 'B+' CCR
BRITISH AIRWAYS: Moody's Changes Outlook on Ba2 CFR to Positive
CO-OPERATIVE BANK: Fitch Affirms 'B' IDR, Outlook Stable
DECO 8 - UK: Fitch Lowers Rating on Class A2 Notes to 'CCsf'
EXIMGARANT OF BELARUS: Fitch Affirms 'B-' IFSR, Outlook Stable
LONMIN PLC: Shareholders Back Deeply Discounted Rights Issue
OIC RUN-OFF LIMITED: Seeks Joint Administration of Cases
OIC RUN-OFF LIMITED: Chapter 15 Case Summary
PRECISE MORTGAGE NO 1: Fitch Affirms 'BBsf' Rating on Cl. E Notes
UNIQUE PUB: Fitch Affirms 'B' Rating on Class M Notes
X X X X X X X X
* BOND PRICING: For the Week Nov. 16, 2015 to Nov. 20, 2015
*********
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B E L A R U S
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BELARUS RE: Fitch Affirms 'B-' IFS Rating; Outlook Stable
---------------------------------------------------------
Fitch Ratings has affirmed Belarusian National Reinsurance
Organization Insurer Financial Strength rating at 'B-'. The
Outlook is Stable.
KEY RATING DRIVERS
The rating reflects Belarus Re's 100% state ownership, the
reinsurer's exclusive position in the local reinsurance sector
underpinned by legislation, and fairly strong underwriting
profitability. The rating also takes into account the fairly low
quality of the reinsurer's investment portfolio and significant
amount of reinsured domestic surety risks.
The Belarusian state has established an exclusive position for
Belarus Re as the national monopoly reinsurer. The aim is to
promote national reinsurance and raise the capacity of the local
insurance sector. Although there is no formal support agreement
between the state and the company, the track record of state
support is evident through significant capital injections at
inception and in recent years.
Regulation obliges local primary insurers to cede risks exceeding
the permitted net retention of 20% of their equity. These
obligatory cessions as well as any voluntary cessions of risks
below the threshold must be offered to Belarus Re first. The
reinsurer has the right to reject both types of cessions and in
practice is often involved in the primary underwriting of large
risks. Belarus Re's monopoly has been introduced gradually, with
its share in compulsory cessions growing to 100% in 2014 from 10%
in 2006.
Fitch assesses Belarus Re's risk-adjusted capital adequacy as
reasonable for the rating. The insurer maintains an
exceptionally strong nominal level of capital relative to its
current business volumes, with the Solvency I-like statutory
ratio at 40x at end-9M15. However, Fitch does not consider that
Belarus Re's economic capital adequacy is as strong as the
statutory solvency ratio implies since the regulator's formula
does not take asset risk into account. Risks on the asset side
of the reinsurer's balance sheet are highly concentrated and
directly linked to the sovereign credit profile.
Belarus Re has demonstrated strong underwriting results, with the
combined ratio averaging 67% in 2010-2014. Favorable claims
experience and conservative pricing in most lines of business
have been the key factors behind its strong results. The
obligatory inwards cessions and fairly strong bargaining power
underpinned by the legislation have helped Belarus Re to generate
underwriting profit.
Belarus Re's technical reserves remain under pressure from the
depreciation of the Belarusian rouble. The FX-driven increase in
the unearned premium reserve and loss reserves is expected to
have significant negative pressure on the underwriting result in
2015. On the other hand, it should be offset by FX gains on the
investment side.
Belarus continues to be treated as a hyperinflationary domicile
under IFRS reporting. Belarus Re's hyperinflation loss on the
net monetary position reached BYR211bn in 2014, almost fully
offsetting the reinsurer's operating profit of BYR218bn in the
same year. As the country's peak inflation rate of 108.7% in
2011 will drop out from the three-year corridor for the purpose
of IFRS reporting, Belarus Re expects to demonstrate stronger net
income in 2015.
Belarus Re makes intensive use of retrocession with an average of
52% of premiums ceded in 2010-2014. Most cessions are made to
strong international reinsurers, although select single large
risks may be ceded to insurers in developing countries if the
risks involve the economic interests of those countries. The
effectiveness of Belarus Re's retrocession program has not been
tested since at least 2009, due to favorable claims experience.
At the sector level, Fitch believes Belarusian insurers have
significant exposure to financial risks insurance, which
transfers credit risks from the banking sector and bond
investors. As there is no reinsurance of high credit quality
available for this kind of risk, Belarusian insurers tend to
spread these risks within the country. Belarus Re is also
exposed to these risks (15% of gross written premiums (GWP) in
9M15 and the highest exposure per borrower under this line peaked
at 33% of the reinsurer's equity at end-9M15, based on national
accounting standards.
In Fitch's view, Belarus Re's investment portfolio is of fairly
low quality. This reflects the credit quality of local
investment instruments, constrained by sovereign risks, and the
presence of significant issuer concentration. However, Belarus
Re's ability to achieve better diversification is limited by the
narrow local investment market and strict regulation of the
insurer's investment policy.
RATING SENSITIVITIES
Changes in Fitch's view of the financial condition of the
Republic of Belarus or any significant change in Belarus Re's
relationship with the government would likely have a direct
impact on the insurer's ratings.
BELGOSSTRAKH: Fitch Affirms 'B-' IFS Rating, Outlook Stable
-----------------------------------------------------------
Fitch Ratings has affirmed Belarusian Republican Unitary
Insurance Company's (Belgosstrakh) Insurer Financial Strength
(IFS) rating at 'B-'. The Outlook is Stable.
KEY RATING DRIVERS
The rating reflects Belgosstrakh's 100% state ownership and
presence of state guarantees for insurance liabilities under
compulsory lines, the insurer's leading market position, its
sustainable profit generation, and its fairly strong capital
position. The rating also takes into account the insurer's
potential exposure to the reserving risk on employers' liability
insurance and the fairly low quality of its investment portfolio.
Belgosstrakh continues to demonstrate profitable operating
performance, with a net profit of BYR482bn in 8M15 (2014:
BYR191bn) with investment return and FX gains on investments
being the key contributor. The underwriting result was negative,
with a combined ratio of 100.8% (2014: 88.6%). The deterioration
of the combined ratio in 8M15 was mainly driven by FX losses on
FX-denominated reserves.
The insurer continues to maintain a very strong nominal level of
capital relative to its current business volumes, with a Solvency
I-like statutory ratio of 14x at end-6M15. However, Fitch does
not consider that Belgosstrakh's economic capital adequacy is as
strong as the statutory solvency ratio implies since the
regulator's formula does not take asset risk into account. Risks
on the asset side of Belgosstrakh's balance sheet are highly
concentrated and directly linked with the sovereign's credit
profile.
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F R A N C E
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CGG SA: Moody's Assigns (P)B1 Rating to $270MM Secured Term Loan
----------------------------------------------------------------
Moody's Investors Service assigned a provisional (P)B1 rating to
CGG SA's (CGG or the company) envisaged issuance of up to USD270
million of senior secured term loan due 2019 at CGG Holding
(U.S.) Inc, a subsidiary of CGG SA. Concurrently, Moody's has
also downgraded to B1 from Ba3 the ratings on the senior secured
French revolving credit facility and the senior secured US
revolving credit facility (RCF) issued by CGG and CGG Holding
(U.S.) Inc respectively.
All ratings including CGG's corporate family rating (CFR) at B3,
probability of default rating (PDR) at B3-PD, and Caa1 ratings on
the senior notes are placed under review for downgrade.
These rating actions were prompted by the exchange offer launched
by CGG on November 19, 2017, on all the company's senior
unsecured notes due 2017 and an aggregate amount of up to USD135
million of senior unsecured notes due 2021 and/or senior
unsecured notes due 2022 for a new senior secured term loan due
2019 (the new term loan) and cash.
The new term loan will rank pari passu with the company's
existing senior secured bank credit facilities issued by CGG SA
and CGG Holding (U.S.) Inc. and benefit from the same security
and guarantee package. The new term loan will be issued through
an existing basket allowing the company to raise up to USD500
million of secured debt ranking pari passu with the existing
senior secured bank credit facilities if proceeds are used to
refinance the notes which will be redeemed through the exchange
offer, convert part of the outstanding amounts under the senior
secured revolving credit facilities and whose commitments will be
permanently reduced by the same amount, and/or refinance the
Fugro vendor loan. Therefore, the aggregate amount of senior
secured debt including the new term loan and the existing senior
secured debt will not exceed USD890 million.
Moody's issues provisional ratings in advance of the final sale
of securities. Upon closing of the transaction and a conclusive
review of the final documentation, Moody's will endeavor to
assign definitive ratings. A definitive rating may differ from a
provisional rating.
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G E R M A N Y
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TRW AUTOMOTIVE: Moody's Cuts Rating on Sr. Unsecured Notes to Ba2
-----------------------------------------------------------------
Moody's Investors Service has downgraded to Ba2 from Ba1 the
rating of the 4.5% senior unsecured notes due 2021 and the rating
of the 4.45% senior unsecured notes due 2023 issued by TRW
Automotive Inc. (TRW). The outlook has been changed to positive
from negative.
The following ratings are affected:
Downgrades:
-- Issuer: TRW Automotive Inc.
-- 4.5% Senior Unsecured Regular Bond/Debenture (Local Currency)
Mar 1, 2021, Downgraded to Ba2(LGD4) from Ba1(LGD4)
-- 4.45% Senior Unsecured Regular Bond/Debenture (Local
Currency)
Dec 1, 2023, Downgraded to Ba2(LGD4) from Ba1(LGD4)
Outlook Actions:
-- Issuer: TRW Automotive Inc.
-- Outlook, Changed To Positive From Negative
RATINGS RATIONALE
Following the merger of a wholly owned subsidiary of ZF
Friedrichshafen AG (ZF) with and into ZF TRW Automotive Holdings
Corporation (formerly known as TRW Automotive Holdings Corp.),
the parent holding company of TRW, TRW has completed an offer to
repurchase the USD800 million outstanding 2021 and 2023 notes at
a price of 101% of par plus accrued and unpaid interest. The
rating of those USD161 million notes which have not been tendered
has now been aligned to the rating of ZF's senior unsecured debt
instruments.
Structurally, Moody's considers the holders of TRW's legacy debt
to be in a similar position to the holders of notes issued by ZF
North America Capital, Inc. (ZFNA). These instruments are rated
in line with the group's Ba2 Corporate Family Rating (CFR)
considering the limited amount of priority claims in the capital
structure. The instruments benefit from a guarantee by ZF
Friedrichshafen AG, the group's leading holding company. While
the TRW legacy bonds additionally benefit from upstream
guarantees from certain of its domestic subsidiaries, the
instruments issued by ZFNA do not have this additional layer of
protection. However, since the requirement of a separate
reporting by TRW has been removed by amending the indentures, and
given that TRW will be integrated into the group, a separate
analysis of TRW's creditworthiness will no longer be possible.
Hence the rating of TRW's legacy bonds is based on the guarantee
provided by ZF Friedrichshafen AG.
ZF's Ba2 CFR balances (1) its strong business profile with a
leading market position in the global automotive supply industry
and sizeable non-auto OEM business, (2) the positive effect
resulting from the integration of TRW, in particular with regard
to scale, product offering, technology as well as regional and
customer diversification, (3) the group's high innovation rate,
(4) its solid liquidity profile and (5) ZF's conservative
financial policy which includes our expectation of solid free
cash flow generation to be applied to debt repayment, to some
extent supported by moderate dividend payouts going forward, with
(1) the high debt load and leverage resulting from the debt
financed acquisition of TRW (debt/EBITDA as adjusted by Moody's
expected at 4.2x -- 4.5x for 2015 pro-forma for the transaction),
taking into account its exposure to the cyclical automotive
industry with strong pricing power from the auto OEMs, (2) only
average operating profitability compared to other automotive
suppliers, which, however is also a reflection of strong product
diversification encompassing products with high technological
content, offset to some extent by products which are exposed to
higher competition, (3) continued high capex spend which is
needed to maintain its technological leadership and improve its
geographical footprint and (4) challenges to integrate the two
companies taking into account quite different business cultures.
RATIONALE FOR POSITIVE OUTLOOK
The positive outlook incorporates Moody's expectation that ZF
will continue its conservative financial policy, smoothly
integrate TRW into the organization and will be able to build on
the solid performance both companies have consistently shown
since 2010 by delivering further gradual improvement in key
credit metrics, allowing it to build some headroom within the
rating category.
WHAT COULD CHANGE THE RATING UP/DOWN
Upward pressure on the rating could develop upon successful
consummation of the transaction indicated by EBITA margin
exceeding 7% on a sustainable basis (6.6% pro-forma per 2014). In
addition, ZF's ability to manage leverage below 3.5x debt /
EBITDA (3.5x -- 3.8x estimated by Moody's per full year 2016)
supported by a free cash flow generation consistently in excess
of EUR 500 million could be positive for the rating (all figures
in this paragraph are as adjusted by Moody's). Downward pressure
could be exerted on the rating if ZF's operating performance
weakens as indicated by EBITA Margin approaching 5% on a
sustainable basis or leverage clearly above 4x Debt / EBITDA.
Likewise, covenant headroom falling below 20% could trigger a
negative rating action.
ZF Friedrichshafen AG (ZF), headquartered in Friedrichshafen,
Germany, is a leading global technology company specialized on
driveline and chassis technology. The company generates the
majority of its revenues with the passenger car and commercial
vehicle industries, but also delivers to other markets including
the construction and agricultural machinery sector. Following the
acquisition of TRW, ZF is one of the largest automotive suppliers
on a global scale with pro-forma revenues of EUR 32 billion
(2014), having a similar size as Bosch, Denso and Magna.
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G R E E C E
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GREECE: Parliament OKs Additional Reforms to Unlock Bailout
-----------------------------------------------------------
Kerin Hope at The Financial Times reports that Greece's
parliament has backed additional reforms needed to unlock EUR12
billion from the latest, EUR86 billion, bailout to recapitalize
struggling banks and pay off overdue debts to government
suppliers.
The reform bill was approved by 153 to 137 votes following a
stormy debate that brought the sacking of two deputies from the
governing Syriza-led coalition, the FT relates. They had refused
to support a measure limiting protection for mortgage holders in
default, the FT notes.
Euclid Tsakalotos, finance minister, said that more than 90% of
homeowners with unpaid mortgages would be eligible for some
protection, even though only those with an annual income below
EUR23,000, would be safe from foreclosures, the FT relays.
Parliament's approval of the mortgage measures clears the way for
battered banks to receive a EUR10 billion capital injection to
boost balance sheets and help restore financial stability, the FT
states.
Three of the four eligible banks said last week they had covered
their share of a further EUR4.4 billion of capital required
following European Central Bank stress tests from private
investors, the FT recounts.
Another EUR2 billion, which officials hope will be disbursed
immediately after a eurozone working group meeting early this
week, would be allocated to reducing the government's debts to
suppliers, the FT discloses.
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I R E L A N D
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ALLIED IRISH: Raises EUR750MM via Bond Issue to Repay Bailout
-------------------------------------------------------------
The Irish Times reports that AIB raised EUR750 million in a bond
issue on Nov. 19 as part of its plan to start repaying the
bailout it received from the State, enjoying strong demand that
bodes well for a planned stock market flotation next year.
The Government has pumped EUR21 billion into AIB since the 2007-
2009 financial crisis, the biggest bailout given to any Irish
bank still trading, and will recoup an initial EUR1.6 billion
under its capital reorganization, The Irish Times relates.
As part of the plan, the 99% state-owned bank pledged to issue at
least EUR750 million of Lower Tier 2 (LT2) bonds, its first
subordinated offering since it imposed severe losses on
subordinated debt holders four years ago, The Irish Times
discloses.
The demand came despite the bank having imposed losses of up to
90% on junior bondholders in 2011 to help the Government to cut
EUR5 billion from a bill to save the banks that eventually cost
EUR64 billion, or around 40% of annual economic output, The Irish
Times notes.
The Government, which has already recouped the cash invested in
rival Bank of Ireland and earlier this year returned part of
Permanent TSB to private ownership, expects to recover more than
it invested in AIB over a number of years, The Irish Times says.
According to The Irish Times, the bank will repay another EUR1.6
billion next July when State-owned contingent capital notes
(CoCos) mature, and if it is returned to power early next year,
the Government will sell a 25% stake on the stock market within
months of re-election.
About Allied Irish Banks
Allied Irish Banks, p.l.c. -- http://www.aibgroup.com/-- is a
major commercial bank based in Ireland. It has an extensive
branch network across the country, a head office in Dublin and a
capital markets operation based in the International Financial
Services Centre in Dublin. AIB also has retail and corporate
businesses in the UK, offices in Europe and a subsidiary company
in the Isle of Man and Jersey (Channel Islands).
Since the onset of the global and Irish financial crisis, AIB's
relationship with the Irish Government has changed significantly.
As at Dec. 31, 2010, the Government, through the National Pension
Reserve Fund Commission ("NPRFC"), held 49.9% of the ordinary
shares of the Company (the share of the voting rights at
shareholders' general meetings), 10,489,899,564 convertible non-
voting ("CNV") shares and 3.5 billion 2009 Preference Shares. On
April 8, 2011, the NPRFC converted the total outstanding amount
of CNV shares into 10,489,899,564 ordinary shares of AIB, thereby
increasing its holding to 92.8% of the ordinary share capital.
In addition to its shareholders' interests, the Government's
relationship with AIB is reflected through formal and informal
oversight by the Minister and the Department of Finance and the
Central Bank of Ireland, representation on the Board of Directors
(three non-executive directors are Government nominees),
participation in NAMA, and otherwise.
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L U X E M B O U R G
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GLOBAL BLUE: Moody's Puts Ba3 CFR on Review for Downgrade
---------------------------------------------------------
Moody's Investors Service placed the Ba3 corporate family rating
(CFR) and the B1-PD probability of default rating (PDR) of Global
Blue Finance S.a r.l. (Global Blue), under review for downgrade
following the company's proposed refinancing of its credit
facilities through an Amend & Extend waiver and the intention to
distribute circa EUR260 million to its shareholders.
Concurrently, Moody's also placed on review all the existing
ratings of Global Blue Acquisition B.V., a guaranteed subsidiary
of Global Blue, including the Ba3 senior secured debt ratings.
"Our review reflects Global Blue's plans to offer a sizeable
dividend to shareholders, to amend and extend its existing credit
facilities, which is subject to lender approval, as well as to
launch the syndication of a new term loan financing. Should these
plans be realised, we expect that the company's leverage will
increase beyond what we previously anticipated for 2016 and
result in a one notch downgrade of the ratings to B1", says
Guillaume Leglise, an Analyst at Moody's.
In addition, Moody's has assigned a provisional (P)B1 LGD3 rating
to the company's new senior secured Term Loan C reflecting the
more leveraged capital structure if the proposed transaction goes
forward. Moody's issues provisional ratings in advance of the
final transaction and these ratings reflect Moody's preliminary
credit opinion regarding that transaction only. Upon the closure
of the deal and a conclusive review of the final documentation,
Moody's will assign a definitive rating to the senior credit
facility. The definitive rating may differ from the provisional
rating.
RATINGS RATIONALE
The review is prompted by Global Blue's launch of a process to
amend and extend its existing credit facilities. The transaction
involves incremental debt of EUR221 million through the
introduction of a new Term Loan C. If successful the total
aggregated debt will amount to approximately EUR560 million. In
addition, as part of this transaction, the company is
contemplating a sizeable cash distribution (around EUR260
million) to its ultimate shareholders, private equity firms
Silver Lake and Partners Group. Should the transaction be
concluded as announced, Global Blue's expected Debt/EBITDA pro
forma ratio (as adjusted by Moody's) would increase to
approximately 4.3x for the financial year ending March (FYE)
2016, compared to Moody's previous expectation of a ratio in the
region of 3.0-3.5x in the next 12 to 18 months.
Moody's considers the transaction as credit negative,
highlighting a more aggressive financial policy from Global
Blue's shareholders than initially anticipated. Given the
potential increase in leverage, Moody's anticipates that Global
Blue's Ba3 corporate family rating could be downgraded by one
notch, should the transaction be concluded successfully.
Meanwhile, Moody's notes that the transaction is occurring at a
time when the company has a very strong trading performance, with
net revenues up 14.2% in the last-12-months to 30 September 2015
and reported EBITDA up 25.7% during the same period. This
reflects the increased demand from certain emerging market
travellers, notably China, but also from developed market
travellers such as from the US, to shop cross-border or in
Europe.
The review will focus on a detailed evaluation of the new capital
and leverage structure, as well as on the execution of the
transaction and the waiver consent process. The review will also
assess the potential impact of the recent terrorist attacks in
Paris on the European tourism industry as a whole. While Global
Blue presents a very solid track record of earnings growth and
showed some resilience to past travel disruption events, the
company remains highly reliant on the tourism industry and on
Europe as a destination market for travellers.
If the transaction does not complete, Moody's will reassess the
positioning of the company in due course.
ASSIGNMENT OF A (P)B1 RATING TO THE NEW TERM LOAN C
Moody's has assigned a provisional (P)B1 rating to the new senior
secured Term Loan C which will be introduced as part of the
transaction. The new term Loan C will rank pari passu with the
existing Term Loans A and B, as well as with the revolving credit
facility. Importantly, the (P)B1 rating is not part of the review
process. When the transaction will be fully completed, Moody's
will assign definitive rating to the new term loan C.
Domiciled in Luxembourg with group headquarters in Switzerland,
Global Blue is a leading provider of VAT (Value-Added Tax) and
GST (Goods and Service Tax) refunds to travellers, as well as
currency conversion services. For FYE 2015, the company reported
net revenues and EBITDA (as adjusted by the company) of
approximately EUR341 million and EUR114 million, respectively.
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N E T H E R L A N D S
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EUROCREDIT CDO IV: S&P Raises Ratings on 2 Note Classes to B-
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings on
Eurocredit CDO IV B.V.'s class B-1, B-2, C-1, C-2, Q combo, and S
combo notes.
The upgrades follow S&P's review of the transaction's
performance. S&P performed a credit and cash flow analysis and
applied its relevant criteria. In S&P's analysis, it used data
from the Sept. 22, 2015 trustee report.
S&P has subjected the capital structure to a cash flow analysis
to determine the break-even default rates (BDRs) for each rated
class of notes. The BDR represents S&P's estimate of the maximum
level of gross defaults, based on stress assumptions, that a
tranche can withstand and still fully repay the noteholders. In
S&P's analysis, it used the reported portfolio balance that it
considered to be performing, the current weighted-average
spreads, and the weighted-average recovery rates that S&P
considered to be appropriate. 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.
Eurocredit CDO IV has been amortizing since the end of its
reinvestment period in February 2010. Since S&P's Feb. 21, 2014,
review, the class A-1 and A-2 notes have fully amortized and the
class B-1 and B-2 notes have partially amortized. In S&P's view,
this has increased the available credit enhancement for the rated
notes. S&P notes that the class C notes continued to defer
interest on the August payment date.
The portfolio's continuing amortization has led to increased
portfolio concentration. The portfolio comprises eight
performing obligors, down from 33 at S&P's previous review. The
largest obligor's assets represent more than 19% of the aggregate
collateral balance, with average exposure to each obligor
accounting for 12.5% of the performing assets.
Approximately 40% of the performing assets will mature after the
notes' legal final maturity date (Feb. 24, 2020). In S&P's view,
this exposes the transaction to market value risk as the manager
may need to sell the assets ahead of the maturity date to repay
the transaction's liabilities. To address this risk in S&P's
analysis, it reduced the balance of assets that exceed 5% of the
transaction's collateral balance by 10% per year for each year
after the notes' legal final maturity date, in line with S&P's
corporate cash flow criteria.
The transaction also features two classes of combination notes
(the class Q combo and S combo notes). The outstanding balance
on these classes of notes has further deleveraged since S&P's
previous analysis.
S&P's cash flow analysis indicates that the available credit
enhancement for all classes of notes is commensurate with higher
ratings than those previously assigned. However, the application
of the largest obligor default test constrains S&P's ratings at
lower rating levels than those supported by the available credit
enhancement. This test assesses whether a collateralized debt
obligation (CDO) tranche has sufficient credit enhancement to
withstand specified combinations of underlying asset defaults
based on the ratings on the underlying assets, with a flat
recovery of 5%. S&P has therefore raised its ratings on all
classes of notes.
Eurocredit CDO IV is a managed cash flow collateralized loan
obligation (CLO) transaction that securitizes loans to primarily
European speculative-grade corporate firms. The transaction
closed in November 2004 and is managed by Intermediate Capital
Managers Ltd.
RATINGS LIST
Eurocredit CDO IV B.V.
EUR355.5 mil fixed- and floating-rate notes
Rating Rating
Class Identifier To From
B-1 29870KAC5 AA+ (sf) BBB+ (sf)
B-2 29870KAD3 AA+ (sf) BBB+ (sf)
C-1 29870KAE1 B- (sf) CCC+ (sf)
C-2 29870KAF8 B- (sf) CCC+ (sf)
Q Combo 29870KAK7 BB+ (sf) B- (sf)
S Combo 29870KAM3 BBB+p (sf) B-p (sf)
HIGHLANDER EURO III: S&P Raises Rating on Class E Notes to BB+
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Standard & Poor's Ratings Services raised its credit ratings on
Highlander Euro CDO III B.V.'s class B, C, D, and E notes. At
the same time, S&P has affirmed its rating on the class A notes.
The rating actions follow S&P's assessment of the transaction's
performance using data from the Oct. 19, 2015 trustee report.
Highlander Euro CDO III's senior notes have been amortizing since
the end of its reinvestment period in May 2014. Since S&P's
March 5, 2015 review, the aggregate collateral balance has
decreased by approximately 18.39% to EUR495.12 million from
EUR606.67 million.
"We have subjected the transaction's capital structure to a cash
flow analysis to determine the break-even default rates (BDRs)
for each rated class of notes at each rating level. The BDR
represents our estimate of the maximum level of gross defaults,
based on our stress assumptions, that a tranche can withstand and
still fully repay the noteholders. In our analysis, we used the
portfolio balance that we consider to be performing
(EUR481,282,232), the current weighted-average spread (3.83%),
the principal cash balance (EUR13,835,738), and the weighted-
average recovery rates calculated in line with our corporate
collateralized debt obligation (CDO) criteria. We applied
various cash flow stresses, using our standard default patterns,
in conjunction with different interest rate and currency stress
scenarios," S&P said.
The available credit enhancement has increased for all of the
rated notes due to the transaction's structural deleveraging post
its re-investment period. The class A notes, which are the
senior-most class of notes outstanding, have amortized by
EUR109.06 million since S&P's previous review and currently have
a note factor of 51.13%. The increased available credit
enhancement is the main rating driver for the upgrades.
The weighted-average spread earned on the assets has marginally
decreased to 383 basis points (bps) from 393 bps since S&P's
previous review. At the same time, the number of distinct
obligors in the portfolio has reduced to 88 from 106 over the
same period, due to asset repayments. The top 10 largest
obligors account for 29.60% of the portfolio.
S&P has observed that the proportion of assets rated in the 'CCC'
category ('CCC+', 'CCC', or 'CCC-') has decreased since S&P's
previous review. There are currently no defaulted assets in the
portfolio, compared with 0.10% in S&P's previous review. The par
coverage tests comply with the documented required triggers.
Highlander Euro CDO III has entered into asset swap agreements
with JPMorgan Chase Bank N.A. to hedge any currency risk from
non-euro-denominated assets (6.76% of the portfolio balance).
The documented downgrade provisions in these asset swap contracts
do not fully comply with S&P's current counterparty criteria.
S&P has therefore applied currency stresses on these non-euro-
denominated assets to test the effect on our ratings on the class
A and B notes (rated above the long-term issuer credit rating on
JPMorgan Chase Bank) if the counterparty failed to perform.
In S&P's opinion, the increased available credit enhancement for
the class B, C, D, and E notes is now commensurate with higher
ratings than those previously assigned. S&P has therefore raised
its ratings on these classes of notes.
The available credit enhancement for the class A notes continues
to be commensurate with a 'AAA (sf)' rating. S&P has therefore
affirmed its 'AAA (sf)' rating on the class A notes.
Highlander Euro CDO III is a cash flow collateralized loan
obligation (CLO) transaction that securitizes loans granted to
primarily speculative-grade corporate firms. The transaction
closed in April 2007 and CELF Advisors LLP is the collateral
manager. S&P's ratings on the class A and B notes address the
timely payment of interest and the ultimate payment of principal.
S&P's ratings on the class C, D, and E notes address the ultimate
payment of principal and interest.
RATINGS LIST
Class Rating Rating
To From
Highlander Euro CDO III B.V.
EUR800 Million Floating-Rate And Deferrable Floating-Rate Notes
Rating Affirmed
A AAA (sf)
Ratings Raised
B AA+ (sf) AA (sf)
C A+ (sf) A- (sf)
D BBB+ (sf) BBB- (sf)
E BB+ (sf) B+ (sf)
UCL RAIL: Fitch Affirms 'BB+' IDR, Outlook Negative
---------------------------------------------------
Fitch Ratings has affirmed UCL Rail B.V.'s (UCLR) and its key
100% subsidiary JSC Freight One's Long-term foreign currency
Issuer Default Ratings at 'BB+' with Negative Outlook.
The Negative Outlook reflects continuing weak market fundamentals
pressuring freight volumes and rates, which result in weaker cash
flows, slower debt reduction and higher-than-expected leverage.
Fitch expects the companies' credit ratios to remain in breach of
our negative rating guidelines in 2015, but to improve to the
levels commensurate with the current rating in 2016. The rating
would be downgraded if the company fails to demonstrate sustained
de-leveraging to below our negative rating guideline of 2.5x by
end-1H16.
The ratings reflect UCLR's position as the leading rolling stock
owner and operator in Russia's rail freight market. A sizeable
asset base provides UCLR with a strong ability to meet customer
demand and a diversified fleet and customer base. However,
UCLR's business is exposed to volatile economic drivers affecting
both transported volumes and freight rates.
Freight One's ratings equalized with those of UCLR, reflecting
its role as the sole contributor of the group's revenues and
earnings after its reorganization.
KEY RATING DRIVERS
Credit Metrics Remain Under Pressure
Fitch expects the company to again exceed our negative rating
guidance of 2.5x for funds from operations (FFO) adjusted net
leverage at end-2015, due to weak market conditions resulting in
a decrease in revenue and cash flow generation. This metric
increased sharply to 3.27x at end-2014 from 2.76x a year ago. In
December 2014 - January 2015 the company converted a
shareholder's loan of RUB16 bil. into equity that should slightly
improve leverage metrics. Although Fitch expects FFO adjusted
net leverage to remain above 2.5x at end-2015 Fitch forecasts it
to decrease below this level at end-2016 on the back of modest
capex, zero dividends and cost-cutting initiatives, which would
help the company to reduce its debt burden and improve leverage.
Weak Market Conditions
The Russian rail cargo transportation market remains under
pressure from a contracting domestic economy. UCLR's freight
rates have been stagnating for the most part of 2015, with some
improvement seen only in 3Q15 according to management. Expected
low rail volume growth, coupled with overcapacity in the rolling
stock market, will continue to pressure tariffs, at least in the
short-to medium-term. Therefore UCLR's ability to rationalize
its cost base will be a critical factor in supporting margins and
FFO levels.
Weaker Margin but FCF Positive
In 1H15 UCLR reported an EBITDA margin of 26%, down from 30% in
1H14. Fitch forecasts it to remain at this level on average over
2015-2017. However, Fitch expects UCLR to continue generating
positive free cash flow (FCF), fuelled by moderate capex
expectations, a conservative financial strategy and zero-dividend
policy as long as net debt/EBITDA exceeds 2x.
Strong Competitive Position
UCLR is the leading nationwide commercial rolling-stock operator
in Russia by fleet size (estimated at 16% of the market). The
company has a diversified fleet and customer base, which along
with a broad network of regional branches, secures its
competitive advantage and efficiency over smaller market players.
Diversified Customers, Services Contracts Focused
UCLR has a diversified customer base with the seven-largest
customers representing about half of total revenue in 9M15. To
increase the visibility of cash flows freight transportation
companies, including UCLR/Freight One, have entered into medium-
to long-term service agreements with their key customers. UCLR
currently operates under medium-to long-term service agreements
with OJSC Novolipetsk Steel (NLMK, BBB-/Stable), OAO Severstal
(BB+/Positive), RN Trans, RUSAL and Eurotsement and is
responsible for transporting 25%-100% of their freight cargo.
The medium- to long-term contracts with major customers covered
49% of UCLRs revenue in 1H15. The agreements' tenor ranges from
two to seven years. However, UCLR remains exposed to volume risk
as some contracts fix only the percentage of the customers' cargo
volumes, but not actual volumes.
Interest Fluctuations; Limited FX Exposure
UCLR has limited exposure to foreign currency risks as only 6% of
total debt as of October 30, 2015, is denominated in US dollars.
But rouble depreciation has had a negative impact through
interest rate fluctuations, as floating-rate debt (of which some
are linked to Mosprime that spiked to about 29% at end-2014-1Q15)
accounted for about 70% of total debt in October 2014. In
September-November 2015 the company refinanced some debt,
reducing the share of floating-rate debt to 27% of total
outstanding debt. The company anticipates reducing the share of
floating-rate debt further.
Reorganization Complete
UCL Rail has completed the reorganization of Freight One, after
it renamed NTK as Freight One and consolidated all other cargo
rail operating subsidiaries under Freight One. This was to
optimize the group structure, which should lead to cost
reduction. The operational profiles of both UCLR and Freight One
are unaffected by the reorganization, in Fitch's view.
KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for the issuers
include:
-- Domestic GDP decline of 4% in 2015 and 0.5%-1.5% growth
over 2016-2018
-- Inflation to grow at 15.5% in 2015 and 5.5%-9% over 2016-
2018
-- Freight prices to grow lower than inflation rate
-- Capex as per company's guidance
-- Rail fleet under operations in line with management
expectations, with a 15% haircut on the expected sale of
rail fleet
-- Expected implementation of cost-cutting measures resulting
in 5% increase of total costs on average over 2016-2018
RATING SENSITIVITIES
Positive: Future developments that could lead to a revision of
the Outlook to Stable include:
-- FFO adjusted net leverage falling below 2.5x and FFO
interest cover above 3x on a sustained basis
-- Sustainable improvement in rolling stock market conditions
leading to stronger operating cash flows and positive FCF
assuming through-the-cycle capex
Negative: Future developments that could lead to a downgrade
include:
-- FFO adjusted net leverage above 2.5x and FFO interest
coverage below 3x on a sustained basis, due to weak
industrial activity in Russia and weaker-than-expected
operating results, larger capex or dividend payments or
failure to execute asset disposals as planned. Failure to
demonstrate leverage reduction below Fitch's negative
rating guideline by end-1H16 would also lead to the rating
downgrade.
-- Unfavorable changes to the Russian legislative framework
for the railway transportation industry
LIQUIDITY
At end-1H15 UCLR's cash and cash equivalent stood at RUB9
billion, together with unused credit facilities of RUB40.5
billion mainly from VTB Bank, PromsvyazBank and Alfabank at Oct.
30, 2015. This, together with expected positive FCF are
sufficient to cover short-term maturities of RUB15 billion. UCLR
does not pay commitment fees for unused credit facilities, which
is common for Russian companies.
In September-November 2015 the majority of outstanding short-term
debt was refinanced with local senior unsecured bonds of RUB25bn
issued by Freight One. As of Nov. 5, 2015, Freight One's
outstanding debt amounted to RUB68.8 billion, comprising finance
lease and leaseback loans (46% of total outstanding debt), local
bonds (36%) and bank debt (18%).
Bank debt was secured on rolling stock (RUB4.4 billion) and
Freight One's shares pledge (RUB8 billion). Rail fleet with a
balance value of RUB53 billion at Oct. 30, 2015 out of RUB122
billion is secured under bank loans and finance lease agreements.
Although the majority of Freight One's outstanding debt is
formally secured only a moderate part of total rail fleet is
encumbered, leaving significant asset value for senior unsecured
creditors. Therefore the RUB25 billion local bonds have a senior
unsecured rating at the same level as the company's IDR.
FULL LIST OF RATING ACTIONS
UCLR
Long-term foreign currency IDR affirmed at 'BB+'; Outlook
Negative
Short-term foreign currency IDR affirmed at 'B'
Foreign currency senior unsecured rating affirmed at 'BB+'
Long-term local currency IDR affirmed at 'BB+'; Outlook
Negative
Short-term local currency IDR affirmed at 'B'
Local currency senior unsecured rating affirmed at 'BB+'
National Long-term rating affirmed at 'AA(rus)', Outlook
Negative
Freight One
Long-term foreign currency IDR affirmed at 'BB+', Outlook
Negative
Short-term foreign currency IDR affirmed at 'B'
Foreign currency senior unsecured rating affirmed at 'BB+'
Long-term local currency IDR affirmed at 'BB+', Outlook
Negative
Short-term local currency IDR affirmed at 'B'
National Long-term rating affirmed at 'AA(rus)', Outlook
Negative
RUB25bn bonds assigned local currency senior unsecured rating
at 'BB+'
===========
R U S S I A
===========
ACRON JSC: Moody's Assigns Ba3 Ratings to Domestic Bond Issues
--------------------------------------------------------------
Moody's Investors Service assigned Ba3 ratings with a loss given
default (LGD) assessment of LGD4 to two proposed three-year (with
a 1.5-year put option embedded), RUB5 billion (RUB10 billion
total (US$150 million)) domestic bonds to be issued by JSC Acron
(Acron), a Russia-domiciled, leading European producer of
nitrogen and complex fertilizers.
These two issues complete Acron's RUB15 billion domestic bond
issuance program, which comes under a bond issuance documentation
registered in 2012. Acron will use the proceeds from the bonds
placement to refinance its existing short-term debt. The outlook
on the ratings is stable.
RATINGS RATIONALE
The assignment of Ba3 ratings to the proposed bonds, which is the
same rating level as Acron's corporate family rating (CFR) and
its other rated senior unsecured domestic bonds, assumes that the
instruments will rank pari passu to senior unsecured debt in the
Acron group's capital structure. The group predominantly uses
unsecured and pre-export types of financing for its operating
activities and capital investment purposes.
Acron's Ba3 CFR is constrained by (1) Acron's modest size
compared with global peers and limited diversification among
fertilizer types; (2) its exposure to the inherent volatility of
the global fertilizer industry; and (3) potential medium-term
pressure on the company's cash flow from an upcoming large potash
investment project, the funding structure of which is still to be
finalized.
At the same time, Acron's CFR positively considers Acron's (1)
high margins, driven by its low-cost position, which is based on
attractively priced natural gas feedstock costs and supported by
achieved self-sufficiency in phosphates, as well as the weak
rouble; (2) a moderately leveraged financial profile, with
debt/EBITDA of 2.6x and retained cash flow (RCF)/debt of 30.2% as
of mid-2015, which Moody's expects to sustain; and (3) good
liquidity position up to end-2016.
Owing to the embedded 1.5-year put option, the proposed issues
can effectively mature in 2017, increasing Acron's already
sizable 2017 debt maturities. However, in Moody's view, Acron
should be able to address these maturities well in advance based
on good access to both Russian and foreign bank funding.
RATIONALE FOR STABLE OUTLOOK
The stable outlook on Acron's CFR reflects Moody's view that the
company's operational and financial profiles offer sufficient
headroom to withstand the soft pricing environment in the
fertilizer industry. The outlook also reflects Moody's
expectation that Acron will maintain sufficient liquidity and
proactively manage its debt profile.
What Could Change the Rating -- Up/Down
Positive pressure on the CFR could develop if Acron (1) shows
robust operating performance and executes its ongoing expansion
programme, such that its cash flow generation improves to
adjusted RCF/debt well above 30% on a sustainable basis; and (2)
delivers on its deleveraging plan such that the company's
adjusted debt/EBITDA reduces to below 2.0x on a sustainable
basis.
Downward pressure on the CFR could develop from (1) difficulties
in executing the company's expansion program or an increase in
shareholder returns, which would lead to a sustained
deterioration in operating cash flow generation and/or an
increase in leverage, with debt/EBITDA above 3.0x and RCF/debt
below 20% on a sustained basis; and/or (2) a deterioration in the
group's liquidity position.
ADEKTA-PENSION: Bank of Russia Ends Provisional Administration
--------------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Adekta-Pension.
ECONOMSTRAKHOVANIE LLC: Bank of Russia Suspends Insurance License
-----------------------------------------------------------------
The Bank of Russia, by its Order No. OD-3189 dated November 16,
2015, suspended the insurance license of Insurance Company
EconomStrakhovanie, LLC.
This decision is taken due to the insurer's failure to execute
the Bank of Russia instruction, namely, due to its non-compliance
with the requirements of financial sustainability and solvency
with respect to securing insurance reserves, procedure and
conditions to invest capital and insurance reserves.
The decision becomes effective the day it is published in the
Bank of Russia Bulletin.
Suspended license of the insurance agent shall mean a prohibition
on entering into new insurance contracts, as well as on amending
respective contracts resulting in increase in the existing
obligations of the insurance agent.
The insurance agent shall accept applications on the occurrence
of insured events and perform obligations.
SBEREGATELNY JSC: Bank of Russia Ends Provisional Administration
----------------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Sberegatelny.
SUNNY BEACH: Bank of Russia Ends Provisional Administration
-----------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Savings Fund Sunny Beach.
ZASHCHITA BUDUSHCHEGO: Provisional Administration Terminated
-------------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Zashchita Budushchego.
=====================
S W I T Z E R L A N D
=====================
GLOBAL BLUE: S&P Affirms 'BB-' CCR, Outlook Stable
--------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed its
'BB-' corporate credit rating on Switzerland-headquartered
tourist value-added tax (VAT) refund processor Global Blue
Acquisition B.V. The outlook is stable.
At the same time, S&P assigned its 'BB-' issue rating to the
proposed term loan C. The recovery rating is '4', indicating
S&P's expectation of average recovery in the higher half of the
30%-50% range in the event of a payment default.
S&P also affirmed its 'BB-' issue ratings on the existing senior
secured facilities (consisting of term loans A and B and a
revolving credit facility [RCF]). The recovery rating is '3'
(although S&P expects to revise it to '4' on the completion of
the transaction).
The ratings on the proposed EUR560 million senior secured
facilities and EUR80 million senior secured RCF are subject to
the successful completion of the amend and extend process, and to
S&P's review of the final documentation.
Global Blue has announced a transaction to "amend and extend" its
senior secured facilities, effectively enabling a shareholder
return of about EUR260 million to financial sponsors Silver Lake
and Partners Group. S&P's affirmation reflects that its
financial policy assessment and issuer credit rating on Global
Blue already took into account the possibility of such a dividend
recapitalization.
Global Blue's existing capital structure comprises EUR339 million
of term loan A and B facilities and EUR65 million of senior
secured RCFs.
The proposed amend and extend process, after a waiver is obtained
on additional debt tranches from majority lenders, will allow the
existing lenders to retain their exposure to the amended term
loan A and B with higher interest margins, as well as to extend
or transfer their exposure to the additional term loan C.
The transaction will enlarge Global Blue's debt capital structure
to EUR560 million senior secured credit facilities and EUR80
million senior secured RCFs. The resulting composition of the
EUR560 million senior secured credit facilities will depend on
the lenders' allocation across the proposed term loans A, B, and
C.
"We continue to assess Global Blue's financial risk profile as
"aggressive," including the planned dividend recapitalization
that we accounted for in our original financial policy
assessment. Global Blue generates strong cash flow and has a
track record of very low capital expenditure (capex) and minimal
dividends. These enable the company to deleverage swiftly,
allowing it to make shareholder returns by incurring additional
debt. In light of the increased debt levels and higher interest
payments in the proposed transaction, we forecast that our
Standard & Poor's-adjusted debt-to-EBITDA ratio will reach around
4.7x for financial year (FY) ending March 2016. We also forecast
that our adjusted EBITDA interest coverage will be in the range
of about 3.6x-3.8x, depending on the lenders' final allocation,"
S&P said.
S&P's adjusted debt and ratio calculations exclude the
convertible preferred equity certificates (CPECs) issued by the
ultimate parent company Global Blue Management & Co S.C.A. In
S&P's view, the overall terms and conditions of the CPECs are
aligned with equity interest and are favorable to third-party
creditors. In particular, these certificates can only be
transferred proportionally with common equity.
S&P assesses Global Blue's business risk profile at the low end
of "satisfactory," as defined in S&P's criteria. Global Blue
mainly operates in a small tourist VAT refund processing market,
in which it has a large market share of about 75%-80%. The
company has a strong franchise network with about 97,000 merchant
contracts covering 39 countries and achieves a resilient merchant
retention rate of around 98%. Global Blue's business risk
profile also benefits from very strong adjusted EBITDA margin of
around 32%-33%.
That said, S&P views the VAT refund market as very niche. S&P
estimates the net revenue generated by the tourist VAT refund
processing market at about EUR450 million in 2015. Global Blue's
growth prospects are mainly driven by the international shopping
trends of travelers from emerging markets. The company is
exposed to the risks of economic downturn, political stability,
threats of terrorism, changes in taxes, and regulations in both
outbound and inbound countries. Such event risks could drive
significant changes in traveling trends and spending behavior,
leading to potential volatility in earnings and demand for VAT
refunds on travel spending.
Notwithstanding the broad diversification in traveling
origination and destination, S&P sees a degree of concentration
risk related to travelers from China and Russia. These are the
two largest groups of international shoppers, generating about
26% and 17% of Global Blue's net commissions, respectively. In
S&P's view, the weakening commission generated from Russian
travelers could be mitigated to some extent by diversification of
demand from other countries, such as China. The company's niche
market operation and concentration risk are reflected by a one-
notch downward adjustment through S&P's negative comparable
ratings analysis.
S&P's base case assumes:
-- Organic revenue growth of about 13% for FY 2016 and 6% for
FY 2017, primarily supported by a growing number of
transactions originated by tourists from emerging markets
such as China, the Middle East, and Southeast Asia. S&P
assumes a stable VAT regulatory environment.
-- Resilient and stable adjusted EBITDA margin of 32%-33% in
FY 2016 and FY 2017.
-- Minimal capital expenditure (capex) and dividends.
Based on these assumptions, S&P arrives at these credit measures:
-- Standard & Poor's-adjusted debt-to-EBITDA of about 4.7x for
FY 2016 and 4.5x for FY 2017.
-- Adjusted EBITDA interest coverage of about 3.6x-3.8x,
depending on the lenders' final allocation across the
proposed term loans A, B, and C.
The stable outlook on Global Blue reflects S&P's view that, after
the planned dividend recapitalization, Global Blue will continue
to maintain an adjusted debt-to-EBITDA ratio below 5x and
adjusted EBITDA interest coverage of above 3x over the next two
years.
The proposed transaction will reduce headroom in the existing
rating following an increase in leverage. S&P could lower the
ratings if Global Blue's operating environment or credit metrics
deteriorates. This could occur following an economic downturn,
political instability, threats of terrorism, or changes in taxes
and regulations for both outbound countries such as China and
Russia and inbound countries, particularly in the EU. Such an
event could cause an unexpected decline in the number of
travelers or change travelers' spending patterns, so reducing the
demand for refund processing.
S&P would also consider a downgrade if Global Blue opts for a
more aggressive financial policy to achieve significant
shareholder returns. In particular, S&P could consider lowering
the rating if Global Blue's adjusted leverage reaches 5x and
adjusted EBITDA interest coverage falls toward 2x.
S&P considers an upgrade unlikely in light of Global Blue's
planned dividend recapitalization. Nevertheless, S&P could
consider raising the rating if it anticipates that the financial
sponsor will relinquish control over the medium term, while other
shareholders hold at least a 20% stake in the company, and Global
Blue commits to maintaining a financial policy which allows S&P's
adjusted debt-to-EBITDA to remain below 4x while maintaining
adequate liquidity on a sustainable basis.
=============
U K R A I N E
=============
UKRAINE: Deposit Fund Gets UAH3.6 Billion From Insolvent Banks
--------------------------------------------------------------
Ukrainian News Agency reports that the Deposit Guarantee Fund has
received UAH3.6 billion from insolvent banks in 2015.
In particular, as of Nov. 11, the Fund received UAH1.8 billion
from banks in the period of liquidation, including UAH1 billion
in October and November, Ukrainian News discloses.
The biggest sums were repaid in October and November by
BrokBusinessBank, Aktabank, Bank Forum, BG Bank, Nadra Bank,
Kyivska Rus Bank and Zlatobank, Ukrainian News notes.
Moreover, during provisional administrations UAH1.8 billion was
returned to the Fund including UAH1.6 billion from Delta Bank,
Ukrainian News says.
According to Ukrainian News, as of Nov. 11, the Fund has paid
UAH43 billion compensations to depositors of insolvent banks,
including UAH9.8 billion in October and November.
Most of others received compensations depositors of Delta Bank,
Financial Initiative Bank and Finance and Credit Bank, Ukrainian
News states.
UKRAINE: PM Balks at Russia's Debt Restructuring Proposal
---------------------------------------------------------
Anna Dolgov at The Moscow Times reports that Ukrainian Prime
Minister Arseniy Yatsenyuk has rejected Russia's restructuring
proposal for the repayment of Kiev's eurobond debt, and said the
"aggressor state" should accept the same terms as other
bondholders.
Mr. Yatsenyuk, as cited by The Moscow Times, said in an interview
on Nov. 19 with Ukraine's First National television network the
"basic conditions" that must be included in any debt
restructuring plan include a 20% reduction on the face value of
the loan and a four-year average maturity extension.
He also threatened a moratorium on repaying the US$3 billion debt
to Russia, unless Moscow agreed to those terms, The Moscow Times
relays, citing media reports. He referred to Russia as the
"aggressor state", The Moscow Times notes.
Russian President Vladimir Putin proposed last week that Ukraine
pay down its eurobond debt in installments of US$1 billion,
starting in 2016, The Moscow Times recounts.
The proposal was an easing of Moscow's previous demand that
Ukraine repay the loan in full by the end of this year, The
Moscow Times says.
UKRAINE: Moody's Hikes Issuer Rating to Caa3, Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded Ukraine's government issuer
rating to Caa3 from Ca. The rating outlook was changed to stable
from negative. The nine new bonds created in Ukraine's debt
exchange operation were rated Caa3, and the ratings of the 13
bonds they replaced -- including the three bonds issued by a
government-guaranteed entity called Financing of Infrastructural
Projects (Fininpro) in 2011 -- were withdrawn. The issuer rating
of Fininpro was also raised to Caa3 from Ca, in line with the
government's rating.
The decision to upgrade the sovereign rating of Ukraine's
government to Caa3 is based on the following key drivers:
1. Settlement of the restructuring of USD15 billion in privately-
held Eurobonds issued or guaranteed by the government, which
eases Ukraine's debt-service requirements and strengthens the
country's external liquidity; and
2. Progress in political and economic reform under the auspices
of
the IMF-led program, supporting a rebalancing of the economy
and a meaningful reduction in public and external financial
deficits.
Moody's decision to assign a stable outlook on the government's
Caa3 issuer rating reflects the current balance of risks, taking
into account both the stronger external position -- including an
easing of debt service requirements in the coming years -- and
continuing multilateral/bilateral financial support, against a
still highly fragile political and economic situation. Also,
increased compliance with the Minsk Peace Protocol since
September appears to have diminished the risk of a renewed
escalation of the military conflict in the eastern regions of the
country.
The rating agency adds however that implementation risks under
the IMF Extended Fund Facility (EFF), which is the fundamental
framework behind the roughly USD25 billion in official financial
support being provided to Ukraine, remain significant given the
challenging environment and are therefore an important constraint
on the rating.
Concurrently, Moody's affirmed the Ca rating of the government's
USD3 billion bond scheduled to mature on 20 December, 2015. The
bond was not part of the debt exchange and therefore entails a
higher level of risk than the new bonds just issued because
Ukrainian officials have stated that this bond will not be paid
on the due date.
In a related move, Moody's raised the country ceiling for foreign
currency bonds to Caa2 from Caa3, whereas the country ceiling for
foreign currency deposits was left unchanged at Ca. The country
ceilings for local currency debt and deposits were also left
unchanged at Caa2. Country ceilings generally determine the
highest rating that can be assigned to obligations of an issuer
resident within a given country.
RATINGS RATIONALE
Restructuring improves Ukraine's debt-service requirements and
external liquidity
The first rating driver relates to the restructuring of the
majority of the Ukrainian government's direct and guaranteed
Eurobonds. The restructuring avoided a disorderly succession of
defaults on those bonds, which would have had negative legal
repercussions and potentially impeded upcoming loan
disbursements, as well as likely closing off the possibility of
Ukraine returning to the international capital markets in the
foreseeable future.
The restructuring provides for a grace period on principal
payments that gives the government four years of debt service
relief during a time when it is undertaking critical structural
reforms.
Moody's also points out that loans and guarantees thus far
extended by international financial institutions and bilateral
lenders under the program have helped to increase the FX reserves
to USD13 billion, or closer to three months' import coverage,
after Ukraine's official foreign exchange reserves had dwindled
to only about one month's worth of import cover at the beginning
of the year. Meanwhile, the IMF and other lenders assume that the
postponement of Eurobond principal payments, about USD11.5
billion of which would have fallen due over the next four years,
will bolster reserves further over the period if the program is
implemented as planned.
Reform progress supports the reduction in public and external
financial deficits
The second rating driver is based on Ukraine's recent reform
progress. Moody's says Ukraine's IMF program represents a
comprehensive package of fiscal, financial and structural
reforms, a number of which have already been legislated and
implemented. Together with the strengthening of the external
position, the program aims to stabilize the budget position and
reduce and eventually eliminate the various contingent
liabilities that affect debt sustainability.
With respect to the fiscal reforms, Moody's notes that reducing
the longstanding use of government funds to cover the deficits of
Naftogaz, the state-owned monopoly gas company, was an essential
first step in the fiscal reform process. Gas and fuel tariffs
were increased by up to 285% in April, which together with
greater diversity in gas supply has nearly halved the company's
operating deficit from 5.6% of GDP last year. Additional fiscal
consolidation measures relate to strengthening revenue
administration; spending restraint, such as through tighter
procurement rules; and the streamlining of the public sector
through privatizations and/or reorganizations of state-owned
enterprises (SOEs). The shift to a floating exchange rate
improves policy flexibility and helped correct macro imbalances.
Moody's says that financial sector reforms are deeply intertwined
with the government's anti-corruption and anti-money laundering
efforts. Progress in this area has been well-received by both
official lenders, as evidenced by comments made in the European
Bank for Reconstruction and Development's recent Regional
Economic Prospects. The World Bank and other lenders are
extending funds and technical expertise in support of this
effort. Still, the banks themselves remain fragile due to
extremely weak asset quality, dependence on wholesale funding and
poor capital adequacy. Structural reforms of the judiciary are
key to the financial sector clean-up as is the comprehensive
implementation of SOE restructuring.
In addition to stronger foreign exchange reserves, Moody's says
that Ukraine's current account position has also reduced the
external refinancing risks for the government. Following the
global financial crisis, in the context of an overvalued exchange
rate as well as falling metals prices and the outbreak of the
military conflict, Ukraine ran large structural deficits in its
current account of the balance of payments. In the second quarter
of 2015, as a consequence of the more competitive exchange rate
and the deep economic slump, the current account moved into
surplus (1.28% of GDP) -- the first such time since the second
quarter of 2010 -- albeit driven in large part by a 39.2% decline
in imports over the first half of 2015.
Moody's also says that the current account has remained in
surplus, on a monthly basis, since June 2015, with the cumulative
balance for the first three quarters of 2015 at essentially zero.
Owing to a tendency to run large current account deficits in the
fourth quarter, the rating agency nonetheless expects that the
current account will register a deficit equivalent to 1.5% of GDP
for the full year and move into near balance in 2016. This
rebalancing represents a considerable improvement over deficits
of 5.3% and 16.5% in 2014 and 2013, respectively.
Finally, Moody's reiterates that Ukraine is faced with multiple
domestic and external challenges that constrain the rating in
spite of the progress accomplished thus far. Past governments had
a poor track record of implementing planned reforms, as
exemplified by multiple unfinished IMF programs just in the past
decade. Although clear progress was made on meeting the initial
requirements of the current IMF program and the authorities are
exceptionally determined to succeed, the political environment
remains highly fractured after last year's political upheaval and
the economy is only now beginning to recover from a deep
recession, after an estimated cumulative contraction of nearly
20% in real GDP in 2014-15. A controversy over different
approaches for the 2016 budget to tax reform proposed by the
parliament and the government is reflective of the domestic
political fissures, which has slowed the completion of the second
IMF quarterly review. We anticipate that such differences of
opinion and associated delays in disbursements will be frequent
occurrences over the next four years even in the likely case that
this program continues.
Rationale for the Stable Outlook on the Caa3 Government Bond
Rating
Moody's says the stable outlook on the government's Caa3 rating
reflects the current balance of risks, taking into account a
stronger external position, including an easing of debt service
requirements plus continuing multilateral/bilateral support,
against a still highly fragile political and economic situation.
The upside risks include the potential for an economic recovery
that is stronger than anticipated and a stabilization, or
potentially an improvement, of Ukraine's fiscal strength during
the IMF program period, and an increased compliance with the
Minsk Peace Protocol and reduced violence in the Kiev
government's confrontation with pro-Russian separatists in the
eastern regions of the country. However, these upside
possibilities are balanced by downside risk factors, including a
still-heavy debt burden and substantial dependence on bilateral
and multilateral lenders for the next four years and probably
longer; and the risk of a renewed escalation of the military
conflict in eastern Ukraine and continued instability of domestic
politics.
What Could Change the Rating -- Up/Down
Upward pressure on Ukraine's rating and/or outlook would derive
from a more robust economic recovery than the weak, roughly 2%
per annum growth that we anticipate. An upgrade would likely
require additional factors to be in place, including a positive
policy track record of structural reforms, successful
implementation of anti-corruption measures and positive debt
dynamics.
Downward pressure could result from extensive delays or
termination of the IMF program, preventing an economic or
investment recovery, imperil the country's external liquidity
position and cause the public finance position to deteriorate
instead of improve, such that debt affordability is further
impaired.
Rationale for Affirming the Ca Rating on the Eurobond Maturing in
December 2015
Moody's affirmation of the Ca rating of the government's USD3
billion bond owed to Russia, which is scheduled to mature on 20
December, 2015 reflects the intention of the Ukraine government
not to pay this bond in December and not to restructure it on
terms more favorable than the debt tendered in last week's
exchange. The documentation of the new bonds states that Ukraine
cannot provide better terms to the holders of the December 2015
bond than to the other bondholders who participated in the 12
November 2015 exchange experienced.
Moody's pointed out that Ukraine is current on this bond now
after making the required interest payment in June 2015, but the
Ca rating is based on the possibility that no agreement will be
reached on its restructuring prior to the maturity date. As such,
the Ca rating reflects the increased default risk of this bond
and differentiates it from the rest. The Russian government
refused to undertake negotiations to restructure the bond,
although more recently it has softened this position somewhat.
The rationale for leaving the rating at Ca is Moody's expectation
that a restructuring will eventually be agreed but potentially
with losses higher than the other bonds that were exchanged,
should the delay in reaching such a settlement be extended.
Upgrades:
Issuer: Ukraine
-- Country Ceiling Rating, Upgraded to Caa2 from Caa3
-- Issuer: Ukraine, Government of
-- Issuer Rating (Foreign Currency), Upgraded to Caa3 from Ca
-- Issuer Rating (Local Currency), Upgraded to Caa3 from Ca
-- Issuer: Financing of Infrastructural Projects
-- Issuer Rating (Foreign Currency), Upgraded to Caa3 from Ca
Assignments:
Issuer: Ukraine, Government of
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2019, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2020, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2021, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2022, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2023, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2024, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2025, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2026, Assigned Caa3
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 1, 2027, Assigned Caa3
Outlook Actions:
Issuer: Ukraine, Government of
-- Outlook, Changed To Stable From Negative
Issuer: Financing of Infrastructural Projects
-- Outlook, Changed To Stable From Negative
Affirmations:
Issuer: Ukraine, Government of
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
Dec 20, 2015, Affirmed Ca
Withdrawals:
Issuer: Ukraine, Government of
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 23, 2015, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Nov 13, 2015, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Jul 24, 2017, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Sep 23, 2020, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Feb 23, 2021, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Nov 21, 2016, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Apr 17, 2023, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Nov 14, 2017, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Jun 17, 2016, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Nov 28, 2022, Withdrawn, previously rated Ca
Issuer: Financing of Infrastructural Projects
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Nov 3, 2017, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Apr 20, 2018, Withdrawn, previously rated Ca
-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
Dec 7, 2017, Withdrawn, previously rated (P)Ca
GDP per capita (PPP basis, US$): 8,681 (2014 Actual) (also known
as Per Capita Income)
Real GDP growth (% change): -6.8% (2014 Actual) (also known as
GDP Growth)
Inflation Rate (CPI, % change Dec/Dec): 24.9% (2014 Actual)
Gen. Gov. Financial Balance/GDP: -4.5% (2014 Actual) (also known
as Fiscal Balance)
Current Account Balance/GDP: -4% (2014 Actual) (also known as
External Balance)
External debt/GDP: 95.8% (2014 Actual)
Level of economic development: Low level of economic resilience
Default history: At least one default event (on bonds and/or
loans) has been recorded since 1983.
On November 16, 2015, a rating committee was called to discuss
the rating of the Ukraine, Government of. The main points raised
during the discussion were: The issuer's fiscal or financial
strength, including its debt profile, has materially increased.
The issuer has become less susceptible to event risks. Other
views raised included: The issuer's economic fundamentals,
including its economic strength, have not materially changed. The
systemic risk in which the issuer operates has not materially
changed.
===========================
U N I T E D K I N G D O M
===========================
ABENGOA SA: Moody's Lowers Corporate Family Rating to 'B3'
----------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating
(CFR) of Abengoa S.A. (Abengoa), and the senior unsecured ratings
at Abengoa, Abengoa Finance, S.A.U. and Abengoa Greenfield, S.A.,
to B3 from B2. Concurrently, the probability of default rating
(PDR) of Abengoa is downgraded to B3-PD from B2-PD. The ratings
remain on review for further downgrade.
The rating downgrade was driven by a further deterioration of
Abengoa's liquidity situation in Q3 2015. A negative free cash
flow of EUR510 million led to a severe decline of immediately
available cash sources to EUR346 million which we consider to be
insufficient for the company. The sizeable cash outflow will
nearly completely eliminate the positive effect from the
contemplated rights issue of EUR620 million (net of fees), and
put additional pressure on Abengoa to seek alternative cash
sources, such as asset disposals and additional commitments from
its banks for the next couple of quarters.
RATINGS RATIONALE
Moody's has downgraded Abengoa's ratings to B3 from B2. While the
company continues to expect progress in the coming weeks on its
capital raising and asset disposal plans, progress to date has
been slower than we had expected. The weak third quarter results,
in particular the EUR510 million negative free cash flow, and
increased implementation risks around the capital raising, place
further stress on an already weak liquidity position, and stretch
leverage metrics which were also already weak. The company has
highlighted that the working capital outflow reflects some
facilities being placed on hold or standby, a negative sign when
the company is in critical negotiations with funders.
Moody's understands that the new Investment Agreement with
Gonvarri Corporacion Financiera (Gonvarri), announced on November
08th, is conditional on certain factors including the continued
effectiveness of the September underwriting agreement of some
banks to support the rights issue, and the signing of a
substantial package of financial support by a group of financial
institutions.
Of in total EUR2.5 billion cash on balance sheet per end of
September, only EUR346 million is actually immediately available.
With this limited cash balance, highly volatile cashflow
generation and continued uncertainty over the capital raising,
asset disposal and financing plans, there is an increased risk
that the company will not be able to cover its March 2016 debt
maturity, notwithstanding that its EUR375 million issuance in
April 2015 was raised to pre-fund the EUR500 million bonds
maturing. In the context of high short term debt maturities of in
total approximately EUR0.9 billion for the next two quarters we
believe Abengoa's liquidity profile is no longer commensurate
with a B2 rating.
Abengoa's financial leverage is very high, such as gross
corporate debt/EBITDA of 7.9x for 12-months to September 2015
(including non-recourse debt in process), are well above Moody's
expectations for the previous B2 credit rating.
Moody's notes the company's plan to raise EUR650 million of
equity, and a stand-by underwriting by a consortium of investment
banks was announced on September 24th. Furthermore, we note that
the company announced a framework agreement with Gonvarri, which
includes an injection of EUR250 million of equity plus an
expected subscription to the subsequent EUR400 million capital
increase (on a pro rata basis). This agreement with Gonvarri is,
as noted above, subject to certain conditions. On September 24th,
the company also announced a plan to sell EUR1.2 billion of
assets, which still needs to materialize, although Abengoa has
received various non-binding bids. The existing conditions on the
capital increase and the completion of the asset disposals, leave
meaningful execution risks in place.
The planned capital increase and asset disposals, if successful,
represent key steps towards executing the company's plan to
improve its liquidity position and reduce corporate leverage. A
failure of the measures could result in a further downgrade from
the current B3 rating, hence the continued review for downgrade
of Abengoa's ratings. Moody's believes that even after the
successful rights issue and initial success of its asset disposal
program, Abengoa's liquidity may remain tight, driven by high
debt maturities and a highly volatile cash flow pattern. In
addition, Abengoa will have to adjust its business model driven
by its self-imposed limitation on investments in new concessions,
and the disposal of Abengoa Yield PLC. A higher rating therefore
would require the establishment of a track record of positive
performance under the new business model, including the
consistent generation of positive free cash flows, in addition to
the contemplated rights issue and asset disposals.
WHAT COULD CHANGE THE RATING UP/DOWN
A failure, deviation or delay of the contemplated capital
increase or asset disposals in terms of size, timing,
documentation, or additional substantial negative operating cash
flow would likely result in a rating downgrade.
Given the review for downgrade, there is currently limited upward
pressure for the rating. We could upgrade the ratings if Abengoa
improved and maintained a solid liquidity profile. An upgrade
would also require sustainable positive FCF generation at the
corporate level and deleveraging, both at the corporate and
consolidated level, for instance with a gross recourse
debt/EBITDA ratio of comfortably and sustainably below 7.0x. In
addition, upward rating pressure would require a sustained order
backlog with reduced dependency on concession projects and a
successful shift within the order backlog towards equity-light
turn-key projects.
ACISION BV: S&P Maintains 'B' CCR on CreditWatch Positive
---------------------------------------------------------
Standard & Poor's Ratings Services said that it maintained on
CreditWatch with positive implications its 'B' corporate credit
rating on U.K.-based software firm Acision B.V., where it was
originally placed on Aug. 24, 2015.
The ongoing CreditWatch placement follows S&P's initial review of
Acision's strategic importance to, and operational integration
with, Comverse Ltd. following the acquisition by Xura Inc.
Nevertheless, S&P has not yet formed a final view on the combined
group's business prospects, medium-term margin profile, and
capital structure.
S&P now assesses Acision as a "core" entity within the Xura
group. This primarily reflects:
-- The ongoing operational merger between the two key group
subsidiaries, Comverse and Acision.
-- S&P's view that Acision is unlikely to be sold as it was
acquired for strategic purposes and will be fully
integrated into the group.
-- The meaningful proportion of group revenues that it
generates (about 43% of group revenues in the first half of
2015), including, importantly, the key growth products.
-- The strong commitment from the group's management, and
S&P's expectations of common treasury operations in the
near to medium term. The fact that Acision now operates
under the group brand name, Xura, and therefore is closely
linked to the group's reputation.
As a result, S&P views Acision's credit quality as equal to its
assessment of the group credit profile (GCP) on Xura Inc., which
S&P assess at 'b'.
The GCP on Xura primarily reflects S&P's current view of its
"weak" business risk profile and "aggressive" financial risk
profile, as well as the group's ongoing decline in core legacy
revenues and weak cash flow generation. It also reflects S&P's
current view of relative uncertainty around the group's medium-
term revenue and margin prospects compared with its main rating
peers.
Acision was acquired by Comverse in August 2015, and has since
gone through an operational merger process including the
consolidation of management teams and headquarters, and a
rebranding of the group under one brand, Xura.
S&P's current business risk profile assessment incorporates the
Xura group's strong position in the carrier messaging market as
it caters for most of the tier one carriers, its narrow product
offering as most of the company's products are related to mobile
messaging services, and strong revenue pressures on the legacy
messaging infrastructure products, as well as exposure to
spending in the telecoms sector -- all of which have led to
ongoing restructuring charges, constraining the group's
profitability.
S&P aims to resolve the CreditWatch within the next three months,
upon review of the combined company's business plan, including
the detailed cost synergies and restructuring plans for the
group, revenue prospects, and review of the group's medium-term
financial policies, including expected cash maintenance,
shareholder distributions, and merger and acquisition strategy.
S&P could raise its long-term rating on Acision by one notch if:
-- S&P sees continued improvement in the combined group's
revenue trend and profitability, supporting S&P's current
business risk profile assessment.
-- S&P assess, based on the group's long-term business plan,
that cash burn is likely to substantially decline in 2016,
with prospects of positive free cash flow generation
thereafter.
-- S&P assess liquidity as "strong" following the company's
anticipated capital structure review.
S&P could affirm the rating if it sees no continued improvement
in operating performance, which would likely result in a lower
business risk profile and potentially meaningful ongoing cash
burn.
BESTWAY UK: S&P Revises Outlook to Negative & Affirms 'B+' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services revised to negative from
stable its outlook on Bestway UK Holdco Ltd., the parent company
of U.K.-based food wholesale and pharmacy subsidiaries of Bestway
Group. At the same time, S&P affirmed its 'B+' long-term
corporate credit rating on the company.
S&P has also affirmed the 'BB-' long-term rating on Bestway UK's
GBP725 million senior secured facilities. The recovery rating on
this debt remains '2', indicating S&P's expectation of
substantial (70%-90%) recovery for senior secured creditors in
the event of a default. S&P expects recovery to be in the higher
half of this range.
The outlook revision primarily reflects Bestway UK's operational
performance during fiscal 2015 (ended June 30, 2015), which was
below S&P's expectations. In particular the wholesale business
saw negative revenue growth in a challenging market, and total
adjusted EBITDA (including our operating lease adjustment) was
below the GBP150 million-GBP155 million range S&P estimated in
its base case. In addition, S&P now expects free operating cash
flow (FOCF) to materially weaken in fiscal 2016, although to
remain positive (excluding acquisition spending in the pharmacy
business, which S&P understands is considered to be
discretionary).
The outlook revision also reflects S&P's expectation that Bestway
UK's liquidity will weaken as a result of headroom under the
group's financial covenants tightening to less than 15% by fiscal
year-end 2016 (ending June 30, 2016), if the company's operating
performance doesn't improve. Although S&P expects covenant
headroom to be in the 10%-15% range, which is below "adequate"
level under S&P's criteria, it maintains its assessment of the
group's liquidity as "adequate," as S&P believes that the company
will maintain its good relationships with banks, and that it will
be able to absorb high-impact, low-probability events with
limited need for refinancing. In S&P's opinion, liquidity is
supported by the flexibility to lower capital spending if needed.
In addition, if liquidity comes under pressure, S&P expects the
company would continue to receive support from the overseas
subsidiaries of Bestway (Holdings) Ltd. (Bestway Group) in the
form of dividends.
"We continue to assess Bestway UK's business risk profile as
"fair," although at the lower end of the range, following the
weakening of performance of the wholesale business. Our
assessment reflects the group's well-established positions in
both the U.K. food wholesale and pharmacy markets and the group's
relatively low cyclicality of earnings in both of its main end
markets. Likewise, we consider the barriers to entry posed by
the restricted issue of new pharmacy licenses in the U.K. as an
important business strength. At the same time, our business risk
assessment is tempered by what we consider to be the highly
competitive nature of both the food wholesale and pharmacy
markets and the group's exposure to government funding and
regulatory risks in the pharmacy business. What's more, we see
geographical concentration of earnings in the U.K. as another
limiting factor. Also, we view the profitability of the combined
group (the pharmacy and the wholesale business) as "lower than
average" when compared with rated peers in the wider retail
sector," S&P said.
"We assess the financial risk profile of Bestway UK as
"aggressive." We expect that some of Standard & Poor's adjusted
credit metrics for Bestway UK will remain in this category in
2016-2017. However, we forecast a gradual decline of absolute
debt over the next one to two years as a result of the mandatory
repayments under term loan A. Under our base-case scenario, we
estimate that Bestway UK will post a Standard & Poor's-adjusted
debt-to-EBITDA ratio of about 4.0x-4.5x and funds from operations
(FFO) to adjusted debt will be about 15% in fiscal 2016," S&P
noted.
S&P forecasts Bestway UK will steadily achieve modest growth over
the medium term, thanks to some growth in the pharmacy segment
underpinned by acquisitions, and store relocations against the
backdrop of a weaker performance in the food retail segment,
which is currently facing high competition and food price
deflation. Earnings should also be supported by Bestway UK's
continuous cost-reduction efforts, implemented in order to
withstand pricing pressures that flow from Bestway UK's customers
and are inherent to its wholesale cash and carry operations.
The negative outlook reflects the possibility of a downgrade by
one notch if S&P believes that the group won't restore its
operating performance and cash flow generation, or if covenant
headroom doesn't improve to above 15% on a sustainable basis.
The latter would result in S&P's revision of liquidity to "less
than adequate" and a downward revision of the SACP to 'b+' from
'bb-'.
The rating could also come under pressure if S&P revises downward
its GCP assessment on Bestway UK. This could occur if the
company's operating performance deteriorates, with adjusted
EBITDA falling below the GBP130 million-GBP135 million S&P
estimates in its base case, thereby impairing the performance of
the whole Bestway Group. This could occur if Bestway UK fails to
offset slightly negative to flat trading in its wholesale
business with growth initiatives in the pharmacy segment and/or
if the group faces unfavorable regulatory changes.
S&P could also lower the ratings if it sees increased risks
within other parts of Bestway Group, particularly its banking
operations. This could happen if, for instance, S&P was to take a
negative rating action on Pakistan. In that scenario, S&P would
examine the impact of the above mentioned factors on Bestway UK's
SACP, as well as the GCP.
"We would consider a revision of the outlook to stable if the
company restored covenant headroom to above 15% through a
sustainable improvement in earnings and cash flows. An outlook
revision would also hinge on the company restoring its operating
performance and free cash flow generation and maintaining an
adjusted debt-to-EBITDA ratio of comfortably lower than 5x, an
FFO to debt well above 12%, and adjusted EBITDA interest coverage
sustainably above 3.5x. We would also expect the company to
maintain a prudent financial policy, particularly with regards to
acquisitions in the pharmacy business, which we would expect to
remain discretionary and financed by dividend inflows from the
overseas subsidiaries," S&P said.
BRITISH AIRWAYS: Moody's Changes Outlook on Ba2 CFR to Positive
---------------------------------------------------------------
Moody's Investors Service changed to positive from stable the
outlook on British Airways, Plc's (BA) Ba2 corporate family
rating (CFR) and Ba2-PD probability of default rating.
"Our positive outlook on BA's ratings reflects the company's
strengthened competitive profile in the airline industry and our
expectation for further improvement in the company's operating
performance and credit metrics going into 2016," says Sven
Reinke, a Moody's Vice President - Senior Credit Officer and lead
analyst for BA.
Moody's has also changed to positive from stable the outlook on
BA's Ba3 senior unsecured notes; its Ba3 backed Industrial
Revenue Bonds issued through New York City Industrial Development
Agency, NY; British Airways Finance (Jersey) L.P.'s B1 preference
stock ratings; and the A2 and Baa2 Enhanced Equipment Trust
Certificate's (EETC) senior secured ratings issued by Speedbird
2013 Limited. Concurrently, Moody's affirmed all of the
aforementioned ratings.
RATINGS RATIONALE
-- OUTLOOK CHANGE TO POSITIVE FROM STABLE
Today's decision to change the outlook on BA's ratings to
positive from stable considers the potential for further
strengthening of BA's credit metrics on the back of its strong
performance during the first three quarters of 2015, such that
the company's financial profile could be supportive of a higher
rating in the coming 12 to 18 months.
BA's operating profit rose to GBP945 million during the first
nine months of 2015, up from GBP753 million for the same period
in 2014. Lower non-fuel costs and a reduction in BA's fuel costs,
more than offset revenue declines in the same period, resulting
in rising year-on-year profitability in each of the first three
quarters of FY 2015.
As a result, BA's Moody's-adjusted gross leverage improved to an
estimated 3.6x for the 12-month period through H1 2015, from 3.9x
at end-FY 2014. The ratio is close to Moody's guidance for gross
leverage to fall below 3.5x for potential upward rating pressure.
The rating agency also expects that BA could further improve on
its metrics for the first half of 2016 as a result of continued
benefits from (i) IAG synergies, (ii) structural changes to the
cost base that BA has undertaken, (iii) the seamless evolution
towards a more efficient fleet, and (iv) savings from lower fuel
prices.
Moody's expects that Brent fuel prices will remain fairly low
over the next few years and materially below the peak of around
USD110 per barrel seen prior to autumn 2014. Lower fuel costs
will further support BA's profitability going forward because a
large proportion of the fuel consumption for the first three
quarters of 2015 was hedged at relatively high levels.
Moody's also notes the continued improvement in the operating
performance of the other members of IAG, with Iberia, Vueling and
the recently acquired Aer Lingus expected to make positive
contributions to IAG's operating income in 2016. In this regard,
the turnaround at Iberia is positive for BA's ratings. Iberia
reported an operating profit of EUR196 million for the first
three quarters of FY 2015, compared with an operating profit
before exceptional items of EUR67 million for the same period in
2014. Additionally, Iberia's liquidity profile has improved
notably and the previous negative free cash flow has reversed.
While there are no cross guarantees between BA and IAG or any of
the other IAG members, the BA ratings have historically given
some consideration to the indirect links between the risk
profiles of the various airlines in the IAG group.
Nevertheless, Moody's notes that the increased debt level at IAG
following the acquisition of Aer Lingus could pose an ongoing
need for funds to be upstreamed from BA (and other subsidiaries)
to support parent debt service. For the time being, BA remains
IAG's most important subsidiary -- in the first three quarters of
2015, is contributed approximately 79% to IAG's operating profit,
reflecting the improving but still relatively low operating
profitability at Vueling and Iberia.
-- AFFIRMATION OF Ba2 RATING
The affirmation of BA's Ba2 CFR reflects its leading position at
London Heathrow and its membership of the Oneworld alliance
group, as well as its integration with Iberia, the Spanish low-
cost airline, Vueling Airlines, S.A. (not rated), and Aer Lingus
into IAG.
In Moody's view, being part of the IAG group has contributed
substantially to the material improvement of BA's operating
performance in recent years driven by growth opportunities and
cost synergies. The most recent target that IAG has forecasted is
to achieve annual synergies with a cumulative net impact on EBIT
of EUR802 million by 2015, thereof around 2/3rd driven by higher
revenues and around 1/3rd due to cost savings. According to IAG,
the group already realised synergies of EUR633 million in 2014.
In Moody's view, BA will continue to benefit from IAG synergies
which will be further enhanced by the acquisition of Aer Lingus.
Moody's considers that BA has strong liquidity, with a balance of
cash and equivalents as of September 2015 of EUR3.6 billion, and
$1.75 billion of undrawn committed credit lines maturing in 2022
with no financial covenants. Against this, in H1 2015 the company
reported GBP542 million in short-term debt, most of which is in
the form of finance leases, and capex in FY 2014 of GBP1,494
million. Despite Moody's expectation of only modest capacity
growth at BA, capital spending will likely be above the level of
depreciation in coming years.
The positive outlook on the ratings of the company's enhanced
equipment trust certificates (EETCs) reflects the potential to
upgrade these instruments should Moody's upgrade BA's corporate
family rating, notwithstanding some pressure on the values of
Boeing B777 family of aircraft. Fourteen aircraft comprise the
collateral for BA's EETC; six Airbus A320s, six Boeing B787-8s
and two B777-300ERs. Moody's believes that each of the aircraft
models in the transaction will remain relevant to BA's network
over the remaining ten year term of the EETCs. The transaction is
also cross-defaulted and cross-collateralized. These features
make it less likely that BA would disaffirm any of these aircraft
under an unlikely insolvency scenario. Finally, the value of the
other 12 aircraft in the transaction should help mitigate
potential pressure from lower than originally expected values for
the B777-300ERs.
RATIONALE FOR POSITIVE OUTLOOK
The positive outlook on the ratings reflects Moody's view that BA
is strongly positioned in the Ba2 rating category. The outlook
also reflects Moody's expectation that BA will substantially
increase its profitability in 2015 and could further improve its
operating performance in 2016, supported by low fuel price
forecasts over the next 12-18 months.
What Could Change the Rating -- UP
Moody's notes that there could be positive rating pressure for BA
if the company were to sustain:
1) gross adjusted leverage below 3.5x, with strong liquidity;
2) reported operating margin of at least 8%, indicating
resilience
to competitive pressures; and
3) consistent cashflow generation, enabling ongoing investments
in
the renewal of the fleet and to support IAG's announced
dividend payment.
Moody's will continue to assess the operating performance of
other IAG airline subsidiaries -- a further improvement of their
performance would support BA's ratings as debt and dividend
service within the IAG group would potentially be more equally
balanced amongst IAG's airline subsidiaries. In addition, any
potential upgrade would take into consideration IAG's debt
levels.
What Could Change the Rating - Down
Negative pressure could be exerted on BA's ratings if:
1) gross adjusted leverage rises sustainably above 4.0x;
2) reported operating profit margin falls sustainably below 8%;
and
3) cashflow generation is not sufficient to cover investments in
the ongoing renewal of the fleet and to support IAG's dividend
payments.
In addition, a material increase in IAG's debt levels beyond the
additional debt assumed for the Aer Lingus acquisition, could put
negative pressure on BA's ratings.
CO-OPERATIVE BANK: Fitch Affirms 'B' IDR, Outlook Stable
--------------------------------------------------------
Fitch Ratings has revised The Co-operative Bank Plc's Outlook to
Stable from Negative. Its Long- and Short-term Issuer Default
Ratings have been affirmed at 'B' and its Viability Rating at
'b'.
The Outlook revision reflects the progress the bank has made in
deleveraging its non-core book and the consequent reduction in
its tail risk. It also reflects Fitch's expectation that a
greater degree of stability will be seen in the bank's management
and in the implementation of the bank's stated strategy.
KEY RATING DRIVERS
IDRS, VR AND SENIOR DEBT
The IDRs and senior debt ratings are driven by Co-op Bank's
standalone credit profile as reflected in the VR. They reflect
Fitch's expectation that the bank will continue to report
operating losses for at least the next two years and the
continued pressure such losses will have on the bank's capital.
The pressure is exacerbated by structural and operational
challenges it faces in the execution of its turnaround strategy.
While measures have been undertaken to improve its risk controls,
they remain weak and Fitch believes that they will not become
commensurate with the bank's risk profile until investments in IT
systems are completed.
Co-op Bank is forecasting losses for at least 2015 and 2016,
based on the level of investment required in its IT
infrastructure and the continued unwind of fair value adjustments
associated with its merger with Britannia Building Society in
2009. Fitch believes that losses are likely to continue beyond
2016 and may be exacerbated by potential further conduct risk
charges and lower income streams, as the balance sheet shrinks.
A focus on cost reduction will be an important element in
returning the bank to profitability given the pressure on revenue
from a low-yielding legacy book and a focus on building up
secured retail loans, where yields are traditionally low.
Asset quality is weak but improved in 2015, both as a result of
the progress made in the deleveraging of the non-core book and
benign economic conditions. Fitch expects the bank to continue
to deleverage, albeit at a slower pace, which should further
improve the performance of the overall book. Currently Co-op
Bank's loan book includes a high proportion of poorly performing
and non-core residential (prime and adverse) and buy-to-let
mortgage loans, as well as corporate loans backed by commercial
real estate. These loans suffer from a combination of high
arrears, low yields, and weak reserve coverage.
Fitch's views capitalization as weak given that it still faces
significant structural and operational risks. Challenges include
the further deleveraging, the development of its retail and SME
franchise, the continuing investment in significantly
underdeveloped IT systems, the required continued improvements in
risk controls, and significantly improving cost efficiency. In
addition, the quality and structure of the loan book makes the
bank's capitalization vulnerable to a weakening of the UK's real
estate prices and to changes in interest rates, both of which are
significant risks in the highly indebted UK household sector,
despite the current favorable environment.
The bank's senior debt is rated in line with its IDR, reflecting
Fitch's expectations of average recovery prospects for senior
debt holders in the event of default and/or resolution given its
current balance sheet structure with a fairly thin layer of
subordinated debt and significant reduction in risk-weighted
assets. This is reflected in a Recovery Rating of 'RR4' which is
affirmed today.
SUPPORT RATING AND SUPPORT RATING FLOOR
The bank's Support Rating of '5' and Support Rating Floor of 'No
Floor' have been affirmed and reflect Fitch's opinion that
support cannot be relied upon, given the bank's low systemic
importance.
RATING SENSITIVITIES
IDRS, VR AND SENIOR DEBT
The Stable Outlook indicates that Fitch do not expect to take
negative or positive rating action over the next 12 to 18 months.
However, a rating downgrade could be triggered by larger-than-
expected one-off losses and a continued erosion of capital,
without an improvement in the profitability of the core
franchise, or materially higher-than-budgeted investment needs.
Ratings could also be downgraded if the bank is unable to re-
launch its core business effectively.
Positive rating action is unlikely until the bank improves
underlying profitability and capital generation, and risk control
measures strengthen further.
Senior debt is also sensitive to our assessment of recoveries
that the bank's senior debt holders could expect in the case of
default.
SUPPORT RATING AND SUPPORT RATING FLOOR
Fitch does not expect any change to Support Rating and Support
Rating Floor.]
The rating actions are:
Long-term IDR affirmed at 'B'; Outlook revised to Stable from
Negative
Short-term IDR affirmed at 'B'
Viability Rating affirmed at 'b'
Support Rating affirmed at '5'
Support Rating Floor affirmed at 'No Floor'
Senior unsecured notes' Long-term rating affirmed at 'B'/'RR4'
Senior unsecured notes' Short-term rating affirmed at 'B'
DECO 8 - UK: Fitch Lowers Rating on Class A2 Notes to 'CCsf'
------------------------------------------------------------
Fitch Ratings has downgraded DECO 8 - UK Conduit 2 plc's (DECO 8)
class A2-D floating rate notes and affirmed the others as:
GBP61.5 mil. class A1 (XS0251885603) due April 2018 affirmed at
'AAsf'; Outlook Stable
GBP255.8 mil. class A2 (XS0251886163) due April 2018 downgraded
to 'CCsf' from 'CCCsf'; Recovery Estimate (RE) 80%
GBP32.3 mil. class B (XS0251886833) due 2036 downgraded to
'CCsf' from 'CCCsf'; RE 0%
GBP33.9 mil. class C (XS0251887211) due 2036 downgraded to
'Csf' from 'CCsf'; RE0%
GBP23.4 mil. class D (XS0251887724) due 2036 downgraded to
'Csf' from 'CCsf'; RE0%
GBP60.9 mil. class E (XS0251889696) due 2036 affirmed at 'Csf';
RE0%
GBP14.2 mil. class F (XS0251890199) due 2036 affirmed at 'Csf';
RE0%
GBP2.7 mil. class G (XS0251890868) due 2036 affirmed at 'Dsf';
RE0%
DECO 8 was originally a securitization of 22 UK commercial
mortgage loans originated by Deutsche Bank. As of end-October
2015, eight loans remained, all in special servicing (all except
Fairhold with Solutus Advisors). Of the 14 repaid loans, two
were redeemed at a loss.
KEY RATING DRIVERS
The downgrades reflect the inevitable loss allocation following
the proposed resolution of the Lea Valley loan. While wiping out
the balance of the class C and D notes, the scale of the likely
loan loss also weakens the credit quality of the class B and A2
notes, both of which are expected to default. The class A2 notes
are due in April 2018, and the high loss severity from the Lea
Valley loan makes redemption more reliant on the resolution of
both the Mapeley and Fairhold loans being adequate and prompt.
The class A1 notes will be repaid in full from the Lea Valley
proceeds, underpinning the affirmation of this class.
The GBP210.5 million Lea Valley loan entered special servicing in
April once the borrower indicated it would shortly be in
financial difficulty owing to the poor condition of the
collateral and adverse prospects for net rental income and value.
This, including a reported loan-to-value (LTV) above 200%, was
communicated to investors. The borrower's discounted pay offer
of GBP90 million, being marginally above the current valuation
and reducing execution risk, was accepted by the special servicer
after polling investors. Net proceeds of GBP88 million are
expected to be applied to the notes in January 2016 or soon
thereafter, representing a major write-off of GBP122.5 million.
The GBP189.2 million Mapeley II loan remains in special servicing
as a result of an uncured LTV covenant breach. None of the 16
underlying assets has been sold to date, with the expectation
that the expiry of the swap at loan maturity in April 2016 should
maximize recoveries. Fitch assumes a moderate loss, given the
reported LTV of 99% based on a 2015 valuation and allowing for
typical costs. However, should sale proceeds exceed the
valuations (particularly for the largest asset, the Microsoft
campus in Reading), full redemption remains possible.
The GBP60 million Fairhold loan has been in special servicing
since its default on maturity in 2013. The special servicer is
discussing possible exit strategies with the borrower. The
existence of a long-dated issuer swap (maturing days before the
maturity of the junior classes of notes in 2036) represents
significant senior ranking leverage, and creates uncertainty in
estimating workout timing despite the long-term low-risk ground
rental income stream underpinning the loan.
The five smaller loans (GB15.2 million Rowan UK Commercial
Property, GBP4.7 million Elbank, GBP3.7 MPH (UK), GBP0.6 million
Swiftgold and GBP1.9 million Braeside) are in various stages of
drawn-out special servicing. The length of workout -- averaging
4.3 years - is long for UK loans. All loans are highly leveraged
and expected to suffer significant losses.
RATING SENSITIVITIES
Recoveries on Mapeley II exceeding Fitch's expectations may
result in the revision of the recovery estimate for the class A2
notes.
DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation
to this rating action.
DATA ADEQUACY
Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pool and the transaction. There were no findings that were
material to this analysis. Fitch has not reviewed the results of
any third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.
Fitch did not undertake a review of the information provided
about the underlying asset pool ahead of the transaction's
initial closing. The subsequent performance of the transaction
over the years is consistent with the agency's expectations given
the operating environment and Fitch is therefore satisfied that
the asset pool information relied upon for its initial rating
analysis was adequately reliable.
Overall, Fitch's assessment of the information relied upon for
the agency's rating analysis according to its applicable rating
methodologies indicates that it is adequately reliable.
EXIMGARANT OF BELARUS: Fitch Affirms 'B-' IFSR, Outlook Stable
--------------------------------------------------------------
Fitch Ratings has affirmed Export-Import Insurance Company of the
Republic of Belarus's (Eximgarant) Insurer Financial Strength
rating at 'B-'. The Outlook is Stable.
KEY RATING DRIVERS
The rating reflects Eximgarant's 100% state ownership and
presence of guarantees from the state for insurance liabilities
under compulsory lines and export insurance, the insurer's strong
market presence, including its monopoly position as the
Belarusian export credit agency (ECA), and its fairly strong
capital position. The rating also takes into account the fairly
low quality of the insurer's investment portfolio and the
significant amount of surety issued in relation to domestic
financial risks.
The Belarusian state has established strong support for
Eximgarant in the legal framework with the aim of developing an
export insurance system. The state's propensity to support the
company has been demonstrated by the government guarantee on
export insurance risks, significant capital injections in
previous years and the explicit inclusion of Eximgarant's
potential capital needs in Belarus's budgetary system.
Fitch assesses Eximgarant's risk-adjusted capital adequacy as
reasonable for the rating. The insurer maintains an
exceptionally strong nominal level of capital relative to its
current business volumes, with the Solvency I-like statutory
ratio at 62x at end-6M15. However, Fitch does not consider that
Eximgarant's economic capital adequacy is as strong as the
statutory solvency ratio implies since the regulator's formula
does not take asset risk into account.
In Fitch's view, Eximgarant's investment portfolio is of fairly
low quality. This reflects the credit quality of local
investment instruments, constrained by sovereign risks, and the
presence of significant issuer concentration. However,
Eximgarant's ability to achieve better diversification is limited
by the narrow local investment market and strict regulation of
the insurer's investment policy.
Eximgarant has been demonstrating profitable operating
performance over the last five years, although net profit dropped
to BYR9bn in 2014 from BYR79 billion in 2013, due to a negative
underwriting result. In 8M15 net profit reached an exceptionally
strong BYR144 billion, due to restored underwriting profit,
stable investment income and significant FX gains following the
Belarusian rouble depreciation.
Eximgarant's export risk portfolio has been steadily maturing, as
insurance coverage of Belarusian exports reached 3% in 8M15,
although it remains undiversified by geography and industry.
Positively, the insurer has taken a cautious approach to
concentration by credit counterparties. Eximgarant also manages
a portfolio of a shorter-term structure than other public ECAs
generally focusing on medium- and long-term risks.
Insurance of domestic financial risks remained one of the key
lines in Eximgarant's portfolio, with a weight of 19% in 2014.
However, Fitch notes the non-core nature of these risks either
for a traditional non-life insurer or an ECA, absence of local
government guarantees for these risks, the significant use of the
insurer's capacity, and concentrated reinsurance protection.
RATING SENSITIVITIES
Changes in Fitch's view of the financial condition of the
Republic of Belarus or any significant change in Eximgarant's
relationship with the government would likely have a direct
impact on the insurer's ratings.
LONMIN PLC: Shareholders Back Deeply Discounted Rights Issue
------------------------------------------------------------
James Wilson at The Financial Times reports that Lonmin's
shareholders have approved its deeply discounted rights issue,
paving the way for the platinum miner to raise more than US$400
million and stave off financial collapse.
The miner, the FT says, is struggling for profitability amid a
sharp decline in platinum prices and had warned that banks'
willingness to refinance their lending to the company depended
upon the equity issue going ahead.
Lonmin's shares have declined more than 90% this year, the FT
relays. In the capital raising, the company is offering
investors rights to buy 46 new shares for each share they hold,
at a 94% discount to the stock price that prevailed when the
proposals were announced, the FT discloses.
The rights issue is expected to raise US$369 million for Lonmin
after US$38 million of fees to banks, including fees for amending
the company's US$360 million banking facility, which was due to
expire next year, the FT states. About half of the proceeds will
be used to cut Lonmin's net debt of $185 million, the FT notes.
Part of the remainder will fund some of the company's capital
expenditure and redundancy costs for about 6,000 workers in its
30,000 workforce, according to the FT.
Lonmin Plc -- http://www.lonmin.com-- is a United Kingdom-based
producer of Platinum Group Metals. Lonmin mines, refines and
markets platinum group metals (PGMS) -- platinum, palladium,
rhodium, iridium, ruthenium and gold. The Company has productive
operations in South Africa and Canada. The Company's resources
and operations include: Marikana operations, the Company's
flagship operation; Pandora operations, a joint venture in which
it has a 42.5% interest; Marikana Smelters and Base Metal
Refinery and Brakpan Precious Metal Refinery which has capacity
to process and refine production, offering the potential to smelt
and refine third party and recycling material; Limpopo project,
formerly an operational mine; Akanani project; Canadian projects,
joint ventures with Vale and Wallbridge exploring PGM
mineralisation in the Sudbury Basin in Ontario, and Northern
Ireland project which is an early stage exploration opportunity.
OIC RUN-OFF LIMITED: Seeks Joint Administration of Cases
--------------------------------------------------------
OIC Run-Off Limited and The London and Overseas Insurance Company
Limited ask the Bankruptcy Court to direct the joint
administration of their cases under Lead Case No. 15-13054.
Rule 1015(b) of the Federal Rules of Bankruptcy Procedure
provides, in relevant part, that if "two or more petitions are
pending in the same court by or against . . . a debtor and an
affiliate, the court may order a joint administration of the
estates." The Companies assert they are "affiliates" within the
meaning of Section 101(2) of the Bankruptcy Code.
The Companies maintain that joint administration will be less
expensive and more efficient than the separate administration of
their cases because it will permit the Court to use a single
docket for both cases and to combine notices to Scheme Creditors
and other parties-in-interest of the Companies.
According to the Companies, the interests of creditors will not
be adversely affected because this motion requests only
administrative consolidation of the Chapter 15 cases. All
creditors and other parties-in-interest will retain whatever
claims, interests, or other rights they have in or against each
Company and its estate.
About OIC Run-Off
OIC Run-Off Limited and The London & Overseas Insurance Company
Limited filed Chapter 15 bankruptcy petition (Bankr. S.D.N.Y.
Case Nos. 15-13054 and 15-13055, respectively) on Nov. 16, 2015.
The petition was signed by Dan Yoram Schwarzmann and Paul Anthony
Brereton Evans as foreign representatives. The Debtors estimated
assets in the range of $500 million to $1 billion and liabilities
of more than $1 billion.
OIC RUN-OFF LIMITED: Chapter 15 Case Summary
--------------------------------------------
Chapter 15 Petitioners: Dan Yoram Schwarzmann and Paul Anthony
Brereton Evans
Chapter 15 Debtors:
OIC Run-Off Limited 15-13054
10-18 Union Street
London SE1 1SZ
England
The London & Overseas 15-13055
Insurance Company Limited
10-18 Union Street
London SE1 1SZ
England
Type of Business: Insurance
Chapter 15 Petition Date: November 16, 2015
Court: United States Bankruptcy Court
Southern District of New York (Manhattan)
Chapter 15 Petitioners' Counsel: Howard Seife, Esq.
CHADBOURNE & PARKE LLP
1301 Avenue of the Americas
New York, NY 10019-6022
Tel: (212) 408-5361
Fax: (212) 541-5369
Email: hseife@chadbourne.com
Estimated Assets: $500 million to $1 billion
Estimated Debts: More than $1 billion
PRECISE MORTGAGE NO 1: Fitch Affirms 'BBsf' Rating on Cl. E Notes
-----------------------------------------------------------------
Fitch Ratings has affirmed Precise Mortgage Funding No 1 Plc,
Precise Mortgage Funding 2014-2 Plc and Mercia No 1 Plc.
The Precise transactions comprise UK non-conforming residential
mortgages originated by Charter Court Financial Services (CCFS
trading as Exact Mortgage Experts; RPS2-/RSS2); while the Mercia
deal is collateralized by a pool of buy-to-let (BTL) prime
residential mortgage loans originated by Godiva Mortgages Limited
(Godiva), a wholly owned subsidiary of Coventry Building Society
(CBS; A/Stable/F1).
KEY RATING DRIVERS
Worst-case Scenario Due to Revolving Nature
The Mercia transaction is still in its revolving period, which is
set to end in December 2016. Until then, Godiva will replenish
the pool with further loans, subject to certain conditions being
met. In its analysis, Fitch modeled a worst-case portfolio by
assuming that the additional assets added to the portfolio result
in the asset conditions being reached. The credit enhancement
(CE) for both tranches was shown to be sufficient to sustain
these stresses as reflected by their affirmation.
Solid Asset Performance
The transactions have reported solid asset performance since
closing. As of September 2015, the level of arrears by more than
three months in all cases remains below 10 bps of the current
collateral balance. Mercia No 1 reports one property in
possession and none of the deals have reported losses to date.
The solid performance seen to date is reflected by the
affirmations.
Combined Liquidity and Reserve Fund
The Precise transactions are supported by non-amortizing reserve
funds (RNRF) set at 3.3% and 3.0% of the rated note balance at
close for Precise No 1 and Precise 2014-2, respectively. The
RNRFs are divided into two parts that can vary in proportion at
any point in time. One is only for liquidity and the other
covers both losses and liquidity shortfalls. At transaction
close, the RNRFs only provided liquidity, but as the senior notes
amortize, the liquidity portions reduce and the reminder becomes
available to absorb credit losses.
Unhedged Interest Rate Risk
Both Precise deals comprise loans linked to floating rate loans
and fixed rate loans, most of which are expected to revert to
floating within the next 12 months. Although the fixed rate
loans are hedged, the mismatch between the interest received on
the bank base rate loans (11.4% of the current pool in Precise No
1) and the Libor-paying notes is left unhedged when fixed rate
loans revert to floating (in contrast all loans in Precise 2014-2
revert to Libor). In its analysis, Fitch stressed the excess
spread on Precise No 1 to account for this risk and found the CE
available to the rated notes sufficient to withstand such
stresses.
RATING SENSITIVITIES
As the majority of the underlying portfolios is linked to
floating rates and the fixed rate loans will revert to floating
an increase in interest rates could lead to performance
deterioration of the underlying assets and consequently
downgrades of the notes if defaults and associated losses exceed
those of Fitch's stresses.
The proposed criteria, if adopted, will lead to smaller loss
expectations for all types of mortgage portfolios. As a result,
Fitch expects all outstanding UK RMBS and CVB ratings to either
be affirmed or upgraded. If the current criteria are updated
after considering market feedback, Fitch will review all existing
UK RMBS ratings within six months of the new criteria
publication.
DUE DILIGENCE USAGE
No third party due diligence was provided or reviewed in relation
to this rating action.
DATA ADEQUACY
Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pools and the transactions. There were no findings that were
material to this analysis. Fitch has not reviewed the results of
any third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.
Prior to the transactions closing, Fitch reviewed the results of
a third party assessment conducted on the asset portfolio
information, which indicated no adverse findings material to the
rating analysis.
Prior to the transactions closing, Fitch conducted a review of a
small targeted sample of the originator's origination files and
found the information contained in the reviewed files to be
adequately consistent with the originator's policies and
practices and the other information provided to the agency about
the asset portfolio.
Overall, Fitch's assessment of the information relied upon for
the agency's rating analysis according to its applicable rating
methodologies indicates that it is adequately reliable.
SOURCES OF INFORMATION
The information below was used in the analysis.
Loan-by-loan data provided by:
-- Coventry Building Society for Mercia No 1 with a cut-off
date of Aug. 31, 2015.
-- US Bank for Precise No 1 and Precise 2014-2 with a cut-off
date of Sept. 30, 2015.
Transaction reporting provided by:
-- Coventry Building Society for Mercia No 1 since close and
until August 2015
-- US Bank since close and until August 2015 for Precise No 1
and September 2015 for Precise 2014-2
-- Fitch analysts held an update call with representatives of
Charter Court Financial Services Ltd to discuss origination
and servicing practices in April 2015.
-- Fitch analysts held an update call with representatives of
Coventry Building Society to discuss origination and
servicing practices in May 2015.
MODELS
The models below were used in the analysis.
The rating actions are:
Mercia No 1 Plc
Class A1 (ISIN XS0864239529): affirmed at 'AAAsf'; Outlook
Stable
Class A2 (ISIN XS0864240295): affirmed at 'AAAsf'; Outlook
Stable
Precise Mortgage Funding No 1 Plc
Class A (ISIN XS0992781962): affirmed at 'AAAsf', Outlook
Stable
Class B (ISIN XS0992793462): affirmed at 'AAsf', Outlook Stable
Class C (ISIN XS0992793629): affirmed at 'Asf', Outlook Stable
Class D (ISIN XS0992793892): affirmed at 'BBBsf', Outlook
Stable
Class E (ISIN XS0992795160): affirmed at 'BBsf', Outlook Stable
Precise Mortgage Funding 2014-2 Plc
Class A (ISIN XS1129892185): affirmed at 'AAAsf', Outlook
Stable
Class B (ISIN XS1129895956): affirmed at 'AAsf', Outlook Stable
Class C (ISIN XS1129898893): affirmed at 'Asf', Outlook Stable
Class D (ISIN XS1129914765): affirmed at 'BBBsf', Outlook
Stable
UNIQUE PUB: Fitch Affirms 'B' Rating on Class M Notes
-----------------------------------------------------
Fitch Ratings has revised the Outlook on Unique Pub Finance plc's
class A, M and N notes to Stable and affirmed them at 'BB', 'B+'
and 'B', respectively.
The revision of the Outlook to Stable from Negative is primarily
driven by the significant deleveraging (offsetting the only minor
improvement in free cash flow (FCF) debt service coverage ratios
(DSCR)) and reflects Fitch's expectation of ongoing performance
stabilization over the next two years and the forecast continued
deleveraging. The class A notes are also supported by a
significant cash reserve and liquidity facility, while the junior
notes are supported by their ability to defer and the eight years
of high coverage following significantly reduced debt service
from around 2024, the combination of which makes them unlikely to
default, in Fitch's view.
The affirmation is driven by improving operational performance,
with Enterprise Inns plc's (ETI) like-for-like (LFL) net income
for the 12 months to September 2015 (a proxy for Unique) growing
0.8%, the improving quality of the estate (supported by on-going
disposals of weaker pubs) and deleveraging during the year.
Full-year reported Unique FCF to June 2015 of GBP133.0 mil. also
outperformed Fitch's base case by around 1%. Compared with the
previous year, the FCF decline of 1.6% is less than the 3.1%
reduction in the average number of pubs during the year.
Unique Pub Finance plc is a tap issue closed in 2005 of an
existing securitization of a portfolio of leased pubs located in
the UK, issued by Unique Pub Finance plc. It is 100% owned by
ETI, a listed UK pub company. As of end-June 2015, the
securitized group comprised 2,472 tenanted pubs (representing
around 50% of the estate), down from 3,974 since the tap.
KEY RATING DRIVERS
Industry Profile: Midrange
The operating environment is viewed as 'weaker'. While the pub
sector in the UK has a long history, trading performance for some
assets has shown significant weakness in the past. The sector is
highly exposed to discretionary spending, strong competition
(including from the off-trade), and other macro factors such as
minimum wages, rising utility costs and regulatory changes (with
the recent introduction of the mandatory free-of-tie option).
Licencing laws and regulations are moderately stringent, and
managed pubs and tenanted pubs (i.e. non-full repairing and
insuring) are fairly capital-intensive. However, switching costs
are generally viewed as low, although there may be some captive
market effects. The sector is viewed as reasonably sustainable
with the strong pub culture in the UK expected to persist,
thereby taking a large portion of the eating-drinking-out market.
Sub-KRDs: operating environment - weaker, barriers to entry -
midrange, sustainability - midrange.
Company Profile: Midrange
LFL net income declined YoY 2009-2013 by a compound annual growth
rate (CAGR) of 2.7%. However, in the 12 months to September 2014
and 2015, ETI achieved LFL net income growth of 1.4% and 0.8%,
respectively, indicating some sustainable stabilization.
Management has been stable with low key man risk, and there are
no known corporate governance issues. ETI is also a large
operator within the pub sector with economies of scale. However,
use of branding is limited and there are no minimum capex
covenants. As the estate is fully leased or tenanted, insight
into underlying profitability is weak. Operator replacement is
not viewed as straightforward but should be possible within a
reasonable period of time. Centralized management of the estate
and common supply contracts result in close operational ties
between the securitized and non-securitized estates.
The pubs are considered to be reasonably well-maintained and over
90% of the estate is held on a freehold or long-leasehold basis.
At the latest revaluation in September 2014, the Unique estate
was valued at GBP1,751 million, resulting in a fairly high
average pub value of GBP708k. In the past few years, management
has channeled disposal proceeds into capex for its existing
estate with ETI spending on average around GBP13.6k per pub in
2015. Management intends to act similarly in 2016. While there
is no capex covenant, upkeep is largely contractually outsourced
to tenants on full repair and insuring (FRI) leases
(approximately 60% of the estate). The secondary market is
reasonably strong and there is also alternative use value
potential (primarily as residential property and mini-
supermarkets).
Sub-KRDs: financial performance - weaker, company operations -
midrange, transparency - weaker, dependence on operator -
midrange, asset quality - midrange
Debt Structure: Class A - Midrange, Class M, N: Weaker
The debt is fully amortizing but there is some concurrent
amortization with the junior tranches. Debt service is high for
the next seven years and the debt profile is not aligned with the
company's and industry's risk profile, particularly in relation
to the junior class M notes. Positive factors include fully
fixed-rate debt, which avoids any floating-rate risk and senior-
ranking derivative liabilities. The security package comprises
comprehensive first ranking fixed and floating charges over
borrower assets. Prepayments and purchases result in debt
service being one year ahead under the restricted payment
condition (RPC) calculation, making Unique compliant with its
RPC, which allows cash up-streaming. This is a significant credit
negative, although recently less cash has been up-streamed,
possibly as a result of the very high contractual debt service.
Structural features include a GBP65m cash reserve (representing
5.6% of the principal outstanding) and a GBP190 mil. tranched
liquidity facility covering around 16 months of peak debt
service, which together help mitigate the tight DSCRs. The SPV
is not considered to be a true orphan SPV as the share capital is
owned by a subsidiary of Unique and the majority of its directors
are not independent.
Sub-KRDs: debt profile: class A - midrange, class M and N -
weaker, security package: class A - stronger, class M and N -
midrange, structural features - weaker
Peer Group
Unique's closest peers are Punch Taverns and the hybrid
tenanted/managed pubcos such as Marston's and Greene King. In
relation to the class A, M and N notes, the coverage and leverage
metrics look well aligned relative to peers, supporting the
Stable Outlook.
RATING SENSITIVITIES
Positive - Any improvement in Fitch's base case FCF DSCRs above
around 1.5x, 1.2x and 1.1x for the class A, M and N notes,
respectively, due to further stabilization in performance, in
addition to further deleveraging, could trigger positive rating
action.
Negative - Any deterioration of the forecast FCF DSCRs and/or an
increase in leverage could trigger negative rating action. In
relation to the recent change in regulation (market rent only
option), there is some uncertainty as to the ultimate impact, and
this could affect the ratings in the medium term (with potential
increased costs, disruption of tenanted model).
TRANSACTION PERFORMANCE
Under the base case FCF is forecast to grow at a CAGR of around -
1% to legal final maturity of the class N notes in 2032. The
resulting base case projected FCF DSCRs are 1.46x, 0.98x and
0.91x. for the class A, M and N notes, respectively. Notably,
the significant improvement in class A projected metrics since
the previous review is primarily due to a mechanical effect of
them being calculated over a shorter period of lower coverage
versus the previous year, which is credit positive. Notably,
despite the low DSCRs in relation to the junior class M and N
notes, all interest and principal payments are expected to be
made under Fitch's base case, aided by Unique's cash reserve and
liquidity facility, in addition to the eight years of high debt
service coverage from 2024.
EBITDA leverage (including the cash reserve) has reduced
significantly during the year to 5.06x, 6.71x and 8.10x through
the class A, M and N notes, respectively, from 5.53x, 7.16x and
8.54x. The leverage profile is also expected to improve as
amortization continues, to around 4.61x, 6.30x and 7.73x by June
2016 through the class A, M and N notes.
The rating actions are:
GBP349.7 mil. class A3 fixed-rate secured bonds due 2021:
affirmed at 'BB'; Outlook revised from Negative to Stable
GBP404.2 mil. class A4 fixed-rate secured bonds due 2027:
affirmed at 'BB'; Outlook revised from Negative to Stable
GBP225 mil. class M fixed-rate secured bonds due 2024: affirmed
at 'B+'; Outlook revised from Negative to Stable
GBP190 mil. class N fixed-rate secured bonds due 2032: affirmed
at 'B'; Outlook revised from Negative to Stable
===============
X X X X X X X X
===============
* BOND PRICING: For the Week Nov. 16, 2015 to Nov. 20, 2015
-----------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Petrobras Global Finance B 6.85 6/5/2115 USD 71.00
Piraeus Group Finance PLC 5.00 3/27/2017 EUR 65.78
Oi Brasil Holdings Coopera 5.63 6/22/2021 EUR 73.36
Abengoa Finance SAU 7.00 4/15/2020 EUR 44.35
Abengoa Finance SAU 8.88 2/5/2018 EUR 48.38
Grupo Isolux Corsan Financ 6.63 4/15/2021 EUR 46.66
Waste Italia SpA 10.50 11/15/2019 EUR 52.13
Intelsat Luxembourg SA 7.75 6/1/2021 USD 54.56
CSN Resources SA 6.50 7/21/2020 USD 59.20
Petrobras Global Finance B 6.75 1/27/2041 USD 72.13
Abengoa Finance SAU 6.00 3/31/2021 EUR 41.72
BIM SAS 2.50 11/13/2020 EUR 24.25
Petrobras Global Finance B 6.25 12/14/2026 GBP 70.05
Glencore Finance Europe SA 1.75 3/17/2025 EUR 74.06
Petrobras Global Finance B 5.63 5/20/2043 USD 68.50
HSH Nordbank AG/Luxembourg 2.31 EUR 25.22
Yuksel Insaat AS 9.50 11/10/2015 USD 65.70
Portugal Telecom Internati 4.50 6/16/2025 EUR 74.30
HSH Nordbank AG 7.25 USD 35.43
Ajecorp BV 6.50 5/14/2022 USD 47.04
Petrobras Global Finance B 6.88 1/20/2040 USD 72.25
Scholz Holding Gmbh 8.50 3/8/2017 EUR 64.33
Piraeus Group Finance PLC 1.80 7/20/2016 EUR 49.88
Abengoa Greenfield SA 5.50 10/1/2019 EUR 38.04
Eurobank Ergasias SA 1.57 6/8/2017 EUR 69.50
Norske Skogindustrier ASA 7.00 6/26/2017 EUR 51.84
CIMPOR Financial Operation 5.75 7/17/2024 USD 68.50
Volkswagen International F 5.50 11/9/2015 EUR 66.89
Nyrstar NV 4.25 9/25/2018 EUR 70.09
Abengoa Finance SAU 8.88 11/1/2017 USD 52.00
Heta Asset Resolution AG 4.38 1/24/2017 EUR 66.00
Alcatel-Lucent 4.25 7/1/2018 EUR 4.72
Casino Guichard Perrachon 1.93 EUR 67.70
Pacific Drilling SA 5.38 6/1/2020 USD 53.88
Vallourec SA 2.25 9/30/2024 EUR 68.88
Andrade Gutierrez Internat 4.00 4/30/2018 USD 76.00
Banca delle Marche SpA 0.92 6/1/2017 EUR 19.96
Bank of New York Mellon Lu 4.47 12/15/2050 EUR 55.09
Nordea Bank AB 1.05 EUR 65.67
Brunswick Rail Finance Ltd 6.50 11/1/2017 USD 49.05
Gol LuxCo SA 8.88 1/24/2022 USD 59.00
Metinvest BV 8.75 2/14/2018 USD 65.00
Petrobras Global Finance B 6.63 1/16/2034 GBP 65.77
DTEK Finance PLC 7.88 4/4/2018 USD 48.13
OAS Investments GmbH 8.25 10/19/2019 USD 5.25
Intelsat Luxembourg SA 8.13 6/1/2023 USD 54.50
Immigon Portfolioabbau AG 10.00 EUR 5.55
Hema Bondco I BV 6.25 6/15/2019 EUR 72.05
Bank of New York Mellon Lu 4.20 12/30/2099 EUR 18.83
Aegon NV 0.85 EUR 70.18
QGOG Constellation SA 6.25 11/9/2019 USD 53.52
Indo Energy Finance BV 7.00 5/7/2018 USD 57.10
Indo Energy Finance II BV 6.38 1/24/2023 USD 48.00
City of Kiev Ukraine Via C 8.00 11/6/2015 USD 72.79
Alcatel-Lucent 0.13 1/30/2020 EUR 4.81
AXA SA 0.92 EUR 68.10
Banque Federative du Credi 1.40 EUR 58.68
Matalan Finance PLC 8.88 6/1/2020 GBP 72.53
Privatbank CJSC Via UK SPV 10.25 1/15/2016 USD 74.60
ING Groep NV 0.95 EUR 65.91
CGG SA 6.50 6/1/2021 USD 58.75
Heta Asset Resolution AG 4.25 10/31/2016 EUR 64.01
Banco Espirito Santo SA 7.13 11/28/2023 EUR 3.36
AXA SA 1.30 EUR 70.45
Takko Luxembourg 2 SCA 9.88 4/15/2019 EUR 65.50
Far East Capital Ltd SA 8.00 5/2/2018 USD 63.25
Fred Olsen Energy ASA 4.16 2/28/2019 NOK 59.67
Bluewater Holding BV 10.00 12/10/2019 USD 63.33
Banca delle Marche SpA 1.11 6/15/2016 EUR 22.13
EnQuest PLC 5.50 2/15/2022 GBP 58.02
Algeco Scotsman Global Fin 10.75 10/15/2019 USD 55.00
IMMOFINANZ AG 4.25 3/8/2018 EUR 4.64
Peugeot SA 4.45 1/1/2016 EUR 26.94
ING Groep NV 1.35 EUR 66.21
CGG SA 1.75 1/1/2020 EUR 8.16
CGG SA 1.25 1/1/2019 EUR 26.06
UKRLANDFARMING PLC 10.88 3/26/2018 USD 49.50
Abengoa SA 5.13 3/5/2017 USD 58.51
Faurecia 3.25 1/1/2018 EUR 37.44
Ferrexpo Finance PLC 10.38 4/7/2019 USD 64.79
Capital Funding GmbH 2.27 EUR 74.38
AXA SA 1.24 EUR 70.35
Tullow Oil PLC 6.25 4/15/2022 USD 77.25
Petrobras Global Finance B 5.38 10/1/2029 GBP 63.47
Abengoa SA 6.25 1/17/2019 EUR 43.66
Abengoa Finance SAU 7.75 2/1/2020 USD 44.88
DTEK Finance PLC 10.38 3/28/2018 USD 53.01
Tonon Luxembourg SA 10.50 5/14/2024 USD 67.00
Air France-KLM 2.03 2/15/2023 EUR 11.02
Asya Sukuk Co Ltd 7.50 3/28/2023 USD 73.16
Elli Investments Ltd 12.25 6/15/2020 GBP 39.19
Heta Asset Resolution AG 2.75 8/9/2016 CHF 65.63
TiZir Ltd 9.00 9/28/2017 USD 72.00
Paragon Offshore PLC 7.25 8/15/2024 USD 14.10
Rothschilds Continuation F 1.19 EUR 55.19
OGX Austria GmbH 8.50 6/1/2018 USD 0.01
Mriya Agro Holding PLC 9.45 4/19/2018 USD 15.50
Credit Mutuel Arkea SA 1.33 EUR 57.26
Metinvest BV 10.25 1/31/2016 USD 68.46
EnQuest PLC 7.00 4/15/2022 USD 61.00
Barclays Bank PLC 0.35 12/28/2040 EUR 66.15
Abengoa Finance SAU 8.88 11/1/2017 USD 54.00
Neopost SA 3.38 EUR 48.07
Banque Federative du Credi 0.83 EUR 58.78
CNP Assurances 1.18 EUR 58.65
Hema Bondco II BV 8.50 12/15/2019 EUR 41.76
HSBC Bank PLC 0.75 USD 58.02
Paragon Offshore PLC 6.75 7/15/2022 USD 16.00
Alpha Credit Group PLC 1.63 2/1/2017 EUR 56.00
CGG SA 6.88 1/15/2022 USD 57.25
Singulus Technologies AG 7.75 3/23/2017 EUR 19.50
SOITEC 6.75 9/18/2018 EUR 1.47
Credit Agricole SA 0.71 EUR 60.51
BPCE SA 0.95 EUR 62.30
Commercial Bank Privatbank 5.80 2/9/2016 USD 60.75
City of Kyiv Via Kyiv Fina 9.38 7/11/2016 USD 73.00
Candyking Holding AB 5.00 1/29/2018 SEK 51.25
Hema Bondco I BV 5.21 6/15/2019 EUR 67.99
CHC Helicopter SA 9.38 6/1/2021 USD 50.00
WPE International Cooperat 10.38 9/30/2020 USD 8.06
Etablissements Maurel et P 1.63 7/1/2019 EUR 12.67
First Ukrainian Internatio 11.00 12/31/2018 USD 67.30
Afren PLC 11.50 2/1/2016 USD 1.59
Praktiker AG 5.88 2/10/2016 EUR 0.18
Transcapitalbank JSC Via T 10.00 9/18/2020 USD 70.13
Caixa Terrassa Societat de 1.18 EUR 58.96
CaixaBank SA 4.50 11/22/2016 EUR 69.57
Rothschilds Continuation F 0.81 USD 47.67
Banco Espanol de Credito S 0.99 EUR 63.37
NTRP Via Interpipe Ltd 10.25 8/2/2017 USD 31.97
HSBC Bank PLC 0.81 USD 58.08
Metinvest BV 10.50 11/28/2017 USD 63.31
Espirito Santo Financial G 6.88 10/21/2019 EUR 0.02
Farstad Shipping ASA 4.55 5/29/2018 NOK 50.25
DOF ASA 5.84 2/7/2018 NOK 59.88
Banco Bilbao Vizcaya Argen 1.27 EUR 72.24
Danske Bank Oyj 1.15 EUR 60.10
Norske Skog Holding AS 8.00 2/24/2021 EUR 37.50
Virgolino de Oliveira Fina 10.50 1/28/2018 USD 1.15
Santander International Pr 2.00 USD 40.38
KCA Deutag UK Finance PLC 7.25 5/15/2021 USD 72.25
Pierre & Vacances SA 3.50 10/1/2019 EUR 34.53
Afren PLC 6.63 12/9/2020 USD 1.62
Santander Finance Preferre 1.05 EUR 60.57
Ageasfinlux SA 1.28 EUR 63.41
Far East Capital Ltd SA 8.75 5/2/2020 USD 62.50
Econocom Group SA/NV 1.50 1/15/2019 EUR 11.60
Lambay Capital Securities 6.25 GBP 1.51
Eniro AB 6.00 4/14/2020 SEK 60.00
Abengoa Greenfield SA 6.50 10/1/2019 USD 30.00
OSX 3 Leasing BV 13.00 3/20/2015 USD 35.13
Caisse Federale du Credit 1.17 EUR 58.84
Popular Capital SA 1.12 EUR 57.25
ESFIL-Espirito Santo Finan 5.25 6/12/2015 EUR 0.40
Privatbank CJSC Via UK SPV 10.88 2/28/2018 USD 66.50
Farstad Shipping ASA 5.42 2/15/2017 NOK 58.33
Barclays Bank PLC 1.58 GBP 70.09
Heta Asset Resolution AG 0.03 5/31/2016 EUR 65.59
Havila Shipping ASA 9.65 8/30/2016 NOK 37.38
Jyske Bank A/S 1.38 EUR 59.42
Novo Banco SA 3.50 1/2/2043 EUR 68.60
Afren PLC 10.25 4/8/2019 USD 2.25
Abengoa Greenfield SA 6.50 10/1/2019 USD 38.62
Codere Finance Luxembourg 8.25 6/15/2015 EUR 72.33
Aegon NV 1.51 NLG 52.69
Havila Shipping ASA 8.60 3/30/2017 NOK 55.02
ATF Capital BV 10.00 USD 64.25
Banco Espirito Santo SA 2.61 EUR 8.00
Pescanova SA 5.13 4/20/2017 EUR 2.92
SNS Bank NV 6.25 10/26/2020 EUR 2.88
Abengoa Finance SAU 7.75 2/1/2020 USD 46.75
Ukreximbank Via Biz Financ 7.51 2/9/2023 USD 73.09
Talvivaara Mining Co PLC 4.00 12/16/2015 EUR 0.84
Abengoa SA 5.13 3/5/2017 USD 63.00
World Wide Supply AS 7.75 5/26/2017 USD 35.00
Dolphin Group AS 8.65 3/5/2019 NOK 25.75
Songa Offshore 8.40 5/17/2018 NOK 68.00
Volkswagen International F 5.50 11/9/2015 EUR 66.64
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 1.98
Banca delle Marche SpA 1.06 12/22/2015 EUR 34.67
Pescanova SA 8.75 2/17/2019 EUR 2.84
Havila Shipping ASA 5.57 3/30/2017 NOK 62.50
OGX Austria GmbH 8.38 4/1/2022 USD 0.01
Etablissements Maurel et P 2.75 7/1/2021 EUR 7.89
Ekotechnika GmbH 9.75 5/10/2018 EUR 9.50
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.50
Ferrexpo Finance PLC 10.38 4/7/2019 USD 65.03
Barclays Bank PLC 2.75 3/21/2033 USD 67.00
BDT Media Automation GmbH 8.13 10/9/2017 EUR 67.00
Novo Banco SA 3.00 6/21/2022 USD 74.20
Global PVQ SE 6.75 10/21/2015 EUR 0.91
Assystem 4.50 EUR 27.62
BOA OCV AS 6.75 10/7/2019 NOK 60.25
Songa Offshore 7.50 12/11/2018 NOK 63.25
Pacific Drilling SA 5.38 6/1/2020 USD 53.75
Sydbank A/S 1.14 EUR 60.50
Union Fenosa Preferentes S 1.61 EUR 67.88
Agroton Public Ltd 6.00 7/14/2019 USD 10.00
Societe Air France SA 2.75 4/1/2020 EUR 20.40
CIMPOR Financial Operation 5.75 7/17/2024 USD 66.00
NIBC Bank NV 0.67 EUR 52.83
NIBC Bank NV 2.13 USD 65.00
Finance and Credit Bank JS 9.25 1/25/2019 USD 8.88
BLT Finance BV 7.50 5/15/2014 USD 5.00
Transaero Airlines 16.00 10/25/2018 RUB 5.66
Pohjola Bank Oyj 0.64 EUR 68.75
E Forland AS 7.89 9/4/2018 NOK 64.50
Waste Italia SpA 10.50 11/15/2019 EUR 52.13
Alpha Credit Group PLC 1.62 3/8/2017 EUR 67.00
Nexans SA 4.00 1/1/2016 EUR 55.12
Norwegian Energy Co ASA 6.50 3/6/2018 NOK 61.25
BOA Offshore AS 7.93 12/18/2018 NOK 31.13
HSBC Bank PLC 0.60 USD 57.88
Island Offshore Shipholdin 6.37 4/5/2016 NOK 74.49
Capital Raising GmbH 7.50 EUR 10.52
Solstad Offshore ASA 4.70 6/24/2019 NOK 64.13
Scandinavian Airlines Syst 2.38 CHF 30.13
RENE LEZARD Mode GmbH 7.25 11/25/2017 EUR 33.50
Aralco Finance SA 10.13 5/7/2020 USD 1.75
LBI HF 6.10 8/25/2011 USD 11.00
Mriya Agro Holding PLC 10.95 3/30/2016 USD 15.00
Bank Nadra via NDR Finance 8.25 7/31/2018 USD 5.67
BNP Paribas SA 0.61 USD 59.66
Island Drilling Co ASA 9.50 4/3/2018 USD 35.88
Vseukrainsky Aktsinerny Ba 10.90 6/14/2019 USD 1.70
Paragon Offshore PLC 7.25 8/15/2024 USD 16.00
Tullow Oil PLC 6.25 4/15/2022 USD 77.25
Piraeus Group Finance PLC 2.19 10/27/2034 EUR 49.88
Nexity SA 0.63 1/1/2020 EUR 50.32
Corporate Commercial Bank 8.25 8/8/2014 USD 1.00
Hellenic Republic Governme 5.20 7/17/2034 EUR 74.13
DOF ASA 8.17 9/12/2019 NOK 61.00
Noreco Norway AS 6.50 3/6/2018 NOK 64.25
Atlantic Offshore AS 8.69 5/16/2018 NOK 41.46
Gol LuxCo SA 8.88 1/24/2022 USD 59.25
Virgolino de Oliveira Fina 11.75 2/9/2022 USD 1.30
Barclays Bank PLC 0.69 USD 60.03
Cirio Holding Luxembourg S 6.25 2/16/2004 EUR 1.90
Paragon Offshore PLC 6.75 7/15/2022 USD 15.92
Lehman Brothers UK Capital 5.13 EUR 0.00
Heta Asset Resolution AG 0.71 1/24/2017 EUR 18.88
Municipality Finance PLC 0.50 7/30/2029 AUD 65.95
Lloyds Bank PLC 2.62 4/26/2033 USD 68.00
Phones4u Finance PLC 9.50 4/1/2018 GBP 37.75
Belfius Bank SA/NV 1.93 FRF 69.88
Touax SA 6.00 7/10/2020 EUR 18.90
EnQuest PLC 7.00 4/15/2022 USD 60.63
Hybrid Raising GmbH 6.63 EUR 11.63
Laurel GmbH 7.13 11/16/2017 EUR 26.88
Olympic Ship AS 6.18 6/18/2019 NOK 46.73
TGC-2 OJSC 12.00 10/10/2018 RUB 67.10
Barclays Bank PLC 0.75 USD 60.25
International Industrial B 9.00 7/6/2011 EUR 0.48
Oi Brasil Holdings Coopera 5.63 6/22/2021 EUR 73.06
Jyske Bank A/S 1.13 EUR 58.75
friedola Gebr Holzapfel Gm 7.25 4/11/2017 EUR 23.00
Minicentrales Dos SA 6.45 4/14/2028 EUR 60.50
Heta Asset Resolution AG 0.17 4/9/2043 EUR 60.00
MS Deutschland Beteiligung 6.88 12/18/2017 EUR 14.50
Dexia SA 4.89 EUR 14.88
Tonon Luxembourg SA 10.50 5/14/2024 USD 67.00
Heta Asset Resolution AG 1.91 9/29/2016 JPY 65.50
Cooperatieve Centrale Raif 0.50 11/26/2021 ZAR 57.71
Societe Generale SA 1.60 1/9/2020 GBP 1.00
Dannemora Mineral AB 11.75 3/22/2016 USD 1.00
Solarworld AG 6.13 1/21/2017 EUR 31.13
Olympic Ship AS 7.22 9/21/2017 NOK 55.25
Breeze Finance SA 6.71 4/19/2027 EUR 39.00
Takko Luxembourg 2 SCA 6.95 4/15/2019 EUR 58.84
Eramet 5.10 5/28/2026 EUR 67.88
Koninklijke Luchtvaart Maa 0.75 CHF 35.00
Dexia Credit Local SA 4.30 EUR 11.13
Dolphin Group AS 8.97 2/14/2018 NOK 30.00
Cirio Finance Luxembourg S 7.50 11/3/2002 EUR 8.75
Karlie Group GmbH 6.75 6/25/2018 EUR 26.67
Codere Finance Luxembourg 9.25 2/15/2019 USD 70.00
Petrol AD 8.38 1/26/2017 EUR 15.00
Barclays Bank PLC 4.79 2/25/2031 USD 75.00
Cirio Finanziaria SpA 8.00 12/21/2005 EUR 1.89
Deutsche Bank AG/London 2.52 3/15/2033 USD 64.50
Novo Banco SA 3.50 1/23/2043 EUR 68.60
Bank of Scotland PLC 0.63 USD 60.13
Electromagnetic Geoservice 7.05 6/27/2016 NOK 62.51
Virgolino de Oliveira Fina 10.88 1/13/2020 USD 19.25
LBI HF 6.25 EUR 0.00
Sazka AS 9.00 7/12/2021 EUR 5.13
Heta Asset Resolution AG 0.07 5/31/2016 EUR 66.03
Kaupthing Bank Hf 9.00 USD 0.13
Talvivaara Mining Co PLC 9.75 4/4/2017 EUR 0.09
SiC Processing GmbH 7.13 3/1/2016 EUR 1.98
DOF ASA 8.34 2/7/2017 NOK 72.00
Societe Generale SA 0.50 USD 61.59
Petromena ASA 9.75 5/24/2016 NOK 0.92
Nordea Bank Norge ASA 0.56 USD 62.02
Mox Telecom AG 7.25 11/2/2017 EUR 2.83
Sidetur Finance BV 10.00 4/20/2016 USD 6.50
Lloyds Bank PLC 0.63 USD 60.31
Kaupthing Bank Hf 5.75 10/4/2011 USD 22.00
UniCredit Bank Austria AG 0.44 12/27/2031 EUR 67.63
Lehman Brothers Treasury C 6.00 11/2/2035 EUR 16.25
Novo Banco SA 3.50 2/19/2043 EUR 68.47
Mobylife Holding A/S 7.25 5/23/2018 SEK 75.00
Lloyds Bank PLC 0.69 USD 60.28
Abengoa Finance SAU 6.00 3/31/2021 EUR 42.50
Standard Chartered PLC 0.81 GBP 55.86
Barclays Bank PLC 1.95 5/31/2033 USD 65.13
Windreich GmbH 6.50 7/15/2016 EUR 10.88
Espirito Santo Financial G 3.13 12/2/2018 EUR 0.85
Volstad Shipping AS 7.15 5/30/2018 NOK 62.51
GNB - Cia de Seguros de Vi 2.16 12/19/2022 EUR 75.00
Rem Offshore ASA 6.45 9/25/2019 NOK 40.63
Barclays Bank PLC 0.69 USD 59.86
Strenesse AG 9.00 3/15/2017 EUR 44.50
QGOG Constellation SA 6.25 11/9/2019 USD 43.00
Region of Abruzzo Italy 0.38 11/7/2036 EUR 60.79
Alpine Holding GmbH 6.00 5/22/2017 EUR 0.20
Societe Generale SA 1.03 EUR 68.05
Sairgroup Finance BV 4.38 6/8/2006 EUR 17.50
National Westminster Bank 0.81 USD 60.80
Hellas Telecommunications 8.50 10/15/2013 EUR 0.01
Solarworld AG 6.38 7/13/2016 EUR 31.13
JZ Capital Partners Ltd 6.00 7/30/2021 GBP 10.55
Western Bulk ASA 7.87 4/19/2017 NOK 72.00
OGX Austria GmbH 8.50 6/1/2018 USD 0.05
Espirito Santo Financial G 9.75 12/19/2025 EUR 1.46
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 0.47
Abengoa Finance SAU 7.00 4/15/2020 EUR 45.16
More & More AG 8.13 6/11/2018 EUR 33.13
Glitnir HF 6.69 6/15/2016 USD 0.02
Banco Pinto & Sotto Mayor 0.95 EUR 30.30
EFG International AG 1.20 EUR 73.48
Depfa Funding II LP 6.50 EUR 57.13
Lloyds Bank PLC 2.41 1/31/2033 USD 68.00
Codere Finance Luxembourg 9.25 2/15/2019 USD 72.38
LBI HF 7.43 USD 0.00
Transaero Airlines 12.50 12/20/2016 RUB 4.54
Rem Offshore ASA 6.92 3/14/2018 NOK 45.13
CSN Resources SA 6.50 7/21/2020 USD 57.63
Hellenic Bank PCL 10.00 EUR 46.25
Hellenic Republic Governme 2.09 7/25/2057 EUR 30.50
National Westminster Bank 0.63 USD 61.02
Lloyds Bank PLC 0.50 USD 60.25
Cirio Del Monte NV 7.75 3/14/2005 EUR 2.20
Vestland Offshore Invest A 11.12 1/15/2016 NOK 68.88
Depfa Funding III LP 1.35 EUR
Algeco Scotsman Global Fin 10.75 10/15/2019 USD 55.00
Novo Banco SA 3.50 3/18/2043 EUR 68.47
IKB Deutsche Industriebank 5.63 3/31/2017 EUR 22.50
Royal Bank of Scotland Gro 0.69 USD 60.96
Afren PLC 11.50 2/1/2016 USD 1.59
BNP Paribas SA 0.50 5/6/2021 MXN 71.04
Andrade Gutierrez Internat 4.00 4/30/2018 USD 75.25
Constellium NV 5.75 5/15/2024 USD 72.38
Abengoa Finance SAU 8.88 2/5/2018 EUR 50.00
APP International Finance 11.75 10/1/2005 USD 2.50
IT Holding Finance SA 9.88 11/15/2012 EUR 0.19
Lehman Brothers Treasury C 7.25 10/5/2035 EUR 13.88
BNP Paribas SA 2.46 4/30/2033 USD 65.50
Heta Asset Resolution AG 4.35 11/3/2016 EUR 18.88
Lehman Brothers UK Capital 5.75 EUR 0.00
getgoods.de AG 7.75 10/2/2017 EUR 0.66
Banco Espirito Santo SA 2.76 EUR 14.50
Abengoa Greenfield SA 5.50 10/1/2019 EUR 38.88
Banco Espirito Santo SA 0.13 EUR 14.25
Standard Chartered PLC 0.56 USD 56.40
Commerzbank Holdings UK Lt 0.81 USD 64.00
PA Resources AB 13.50 3/3/2016 SEK 5.88
KPNQwest NV 10.00 3/15/2012 EUR 0.50
Espirito Santo Financial P 5.13 5/30/2016 EUR 1.00
Barclays Bank PLC 2.62 4/19/2033 USD 67.25
Norske Skogindustrier ASA 7.13 10/15/2033 USD 33.38
Astana Finance BV 7.88 6/8/2010 EUR 16.00
Ferrexpo Finance PLC 10.38 4/7/2019 USD 64.98
Afren PLC 10.25 4/8/2019 USD 1.65
Royal Bank of Scotland PLC 4.23 11/16/2030 USD 74.25
Brunswick Rail Finance Ltd 6.50 11/1/2017 USD 42.00
Norske Skog Holding AS 8.00 2/24/2023 USD 35.88
Viking Supply Ships AS 9.45 3/21/2017 NOK 60.13
Grupo Isolux Corsan Financ 6.63 4/15/2021 EUR 47.17
SAG Solarstrom AG 6.25 12/14/2015 EUR 45.00
Ajecorp BV 6.50 5/14/2022 USD 50.19
Alpine Holding GmbH 5.25 7/1/2015 EUR 1.75
Danske Bank Oyj 1.56 EUR 73.13
UniCredit Bank Austria AG 0.49 8/20/2033 EUR 65.88
IM Skaugen SE 9.42 6/30/2016 NOK 49.63
International Industrial B 11.00 2/19/2013 USD 0.25
Abanka Vipa DD Via Afinanc 1.83 EUR 0.34
Frey 6.00 11/15/2022 EUR 22.25
Teksid Aluminum Luxembourg 11.38 7/15/2011 EUR 0.04
Santander Finance Capital 2.00 EUR 32.00
Kaupthing Bank Hf 7.63 2/28/2015 USD 20.00
KCA Deutag UK Finance PLC 7.25 5/15/2021 USD 72.25
KA Finanz AG 5.43 2/13/2024 EUR 60.13
Northland Resources AB 4.00 10/15/2020 USD 0.83
Stroika Finance Ltd Via Em 7.70 6/25/2019 RUB 12.00
Ferrexpo Finance PLC 10.38 4/7/2019 USD 68.00
Dexia Kommunalbank Deutsch 5.63 12/31/2017 EUR 16.00
SNS Bank NV 6.63 5/14/2018 EUR 2.88
Kaupthing Bank Hf 7.13 5/19/2016 USD 0.00
Societe Alsacienne et Lorr 1.63 1/1/2022 EUR 59.77
Standard Chartered PLC 0.65 USD 58.98
Pescanova SA 6.75 3/5/2015 EUR 2.92
Mifa Mitteldeutsche Fahrra 7.50 8/12/2018 EUR 3.42
Mechel 8.40 5/27/2021 RUB 58.30
IGas Energy PLC 10.00 12/11/2018 USD 60.13
Allied Irish Banks PLC 0.70 10/24/2035 EUR 23.13
Windreich GmbH 6.50 3/1/2015 EUR 10.88
Gunther Zamek Produktions- 7.75 5/15/2017 EUR 1.70
IVG Immobilien AG 5.75 EUR 0.00
Takko Luxembourg 2 SCA 9.88 4/15/2019 EUR 65.42
Afren PLC 6.63 12/9/2020 USD 1.62
National Westminster Bank 0.75 USD 60.82
Lehman Brothers Treasury C 7.00 5/17/2035 EUR 13.88
Metinvest BV 10.50 11/28/2017 USD 62.50
Espirito Santo Financial G 5.05 11/15/2025 EUR 1.92
Standard Chartered PLC 0.69 USD 59.25
Vnesheconombank 11.90 9/23/2032 RUB 70.01
Equity Release Funding No 1.98 4/26/2038 GBP 72.50
Heta Asset Resolution AG 0.75 5/31/2016 EUR 64.25
Region of Piemont Italy 0.21 11/27/2036 EUR 62.07
Indo Energy Finance II BV 6.38 1/24/2023 USD 51.00
Den Norske Creditbank 0.63 USD 61.07
Barclays Bank PLC 3.58 6/17/2033 USD 68.25
PA Resources AB 12.25 4/5/2016 NOK 5.88
Solen AG 7.50 4/8/2016 EUR 1.62
Travel24.com AG 7.50 9/17/2017 EUR 38.50
Russian Highways 12.40 4/22/2042 RUB 9.06
Lehman Brothers Treasury C 2.88 3/14/2013 CHF 16.25
BBVA International Preferr 1.45 GBP
GNB - Cia de Seguros de Vi 3.46 EUR 63.85
Rena GmbH 7.00 12/15/2015 EUR 8.63
Minicentrales Dos SA 4.81 11/29/2034 EUR 69.63
CHC Helicopter SA 9.25 10/15/2020 USD 55.75
Norske Skog Holding AS 8.00 2/24/2023 USD 35.88
Lehman Brothers Treasury C 6.00 2/15/2035 EUR 13.88
Depfa Funding IV LP 5.03 EUR 57.38
Global PVQ Netherlands B.V 5.75 5/26/2014 EUR 26.75
OGX Austria GmbH 8.38 4/1/2022 USD 0.44
Eramet 5.29 4/22/2026 EUR 73.50
ADLER Real Estate AG 6.00 6/30/2017 EUR 13.50
Indo Energy Finance BV 7.00 5/7/2018 USD 57.38
Northland Resources AB 15.00 7/15/2019 USD 1.00
Glitnir HF 6.00 3/5/2012 GBP 27.13
Alpine Holding GmbH 5.25 6/10/2016 EUR 3.16
DNB Bank ASA 0.69 USD 61.19
Petromena ASA 10.85 11/19/2014 USD 0.92
IM Skaugen SE 10.11 4/11/2017 NOK 45.00
Mriya Agro Holding PLC 9.45 4/19/2018 USD 12.00
Societe Generale SA 1.50 12/30/2032 USD 66.00
Dexia Kommunalbank Deutsch 4.88 12/31/2016 EUR 23.00
Heta Asset Resolution AG 0.27 9/11/2017 EUR 16.63
Metinvest BV 8.75 2/14/2018 USD 63.00
Barclays Bank PLC 2.77 3/28/2033 USD 66.10
Global PVQ Netherlands B.V 1.38 4/30/2012 EUR 26.75
Abengoa SA 6.25 1/17/2019 EUR 44.07
Societe Generale SA 2.21 2/28/2033 USD 69.72
Lehman Brothers Treasury C 8.25 3/16/2035 EUR 13.88
DTEK Finance PLC 7.88 4/4/2018 USD 44.00
Codere Finance Luxembourg 8.25 6/15/2015 EUR 72.38
Heta Asset Resolution AG 0.42 12/18/2030 EUR 18.38
Kommunekredit 0.50 10/22/2019 BRL 59.29
Global PVQ Netherlands B.V 5.75 5/26/2014 EUR 26.50
Saphir Finance PLC 6.85 GBP 1.38
Ideal Standard Internation 11.75 5/1/2018 EUR 31.63
EXER D GmbH 5.70 2/1/2016 EUR 64.50
CGG SA 6.88 1/15/2022 USD 57.38
Hema Bondco I BV 6.25 6/15/2019 EUR 72.09
Le Noble Age 4.88 1/3/2016 EUR 22.99
Den Norske Creditbank 0.71 USD 61.31
Aralco Finance SA 10.13 5/7/2020 USD 1.21
LBI HF 2.25 2/14/2011 CHF 8.50
SU-155 KAPITAL OOO 13.25 2/23/2016 RUB 21.81
Banco Espirito Santo SA 10.00 12/6/2021 EUR 3.39
Reso-Leasing OOO 13.75 10/3/2025 RUB 60.17
Rena GmbH 8.25 7/11/2018 EUR 8.63
Del Monte Finance Luxembou 6.63 5/24/2006 EUR 8.63
A-TEC Industries AG 8.75 10/27/2014 EUR 2.00
Kaupthing Bank Hf 5.75 10/4/2011 USD 22.00
Santander Finance Capital 2.00 EUR 34.13
Region of Abruzzo Italy 0.22 11/7/2031 EUR 72.71
Assystem 4.00 1/1/2017 EUR 23.31
Immigon Portfolioabbau AG 0.71 6/18/2018 EUR 67.00
Nationwide Building Societ 1.08 GBP 70.00
Heta Asset Resolution AG 4.25 5/31/2016 EUR 65.75
Heta Asset Resolution AG 5.92 2/22/2022 EUR 16.50
Deutsche Bank AG/London 2.04 1/31/2033 USD 62.00
Norske Skogindustrier ASA 7.13 10/15/2033 USD 33.38
UniCredit Bank Austria AG 0.43 10/31/2031 EUR 68.38
Norske Skog Holding AS 8.00 2/24/2021 EUR 36.50
Hema Bondco II BV 8.50 12/15/2019 EUR 41.50
Hellenic Republic Governme 2.27 2/7/2022 EUR 73.19
Hamburgische Landesbank Gi 0.33 1/22/2041 EUR 61.45
Cyprus Popular Bank PCL 1.72 5/26/2016 EUR 1.32
Glitnir HF 6.38 9/25/2012 USD 27.13
Golden Gate AG 6.50 10/11/2014 EUR 46.25
Global PVQ Netherlands B.V 1.38 4/30/2012 EUR 26.88
Master & Fellows of Univer 3.07 4/28/2065 GBP 74.37
State of Carinthia 0.78 7/20/2017 CHF 0.20
Credit Europe Bank Ltd 13.75 9/5/2016 RUB 60.89
Metinvest BV 10.25 1/31/2016 USD 69.75
Hypo Tirol Bank AG 0.41 7/23/2026 EUR 55.00
Banco Pastor SA 2.37 EUR 63.25
Kezizalog Zrt 7.75 10/1/2018 EUR 0.81
Cooperatieve Centrale Raif 0.50 7/30/2043 MXN 13.16
PNE Wind AG 3.75 10/10/2019 EUR 3.00
Heta Asset Resolution AG 0.54 11/29/2032 EUR 16.88
ADLER Real Estate AG 6.00 12/27/2018 EUR 13.50
IKB Deutsche Industriebank 4.70 3/31/2017 EUR 23.25
Novolipetsk Steel OJSC 11.10 10/16/2025 RUB 100.10
Banco Espirito Santo SA 1.52 5/27/2018 EUR 3.39
TAG Immobilien AG 6.50 12/10/2015 EUR 11.92
Lehman Brothers Treasury C 5.10 5/8/2017 HKD 13.88
UKRLANDFARMING PLC 10.88 3/26/2018 USD 49.25
UniCredit Bank Austria AG 0.46 12/31/2031 EUR 67.63
Hema Bondco I BV 5.21 6/15/2019 EUR 66.70
City of Kyiv Via Kyiv Fina 9.38 7/11/2016 USD 73.13
Northland Resources AB 4.00 10/15/2020 NOK 0.83
eno energy GmbH 7.38 6/30/2016 EUR 72.85
Matalan Finance PLC 8.88 6/1/2020 GBP 74.17
Portigon AG 7.46 12/31/2019 EUR 12.46
Virgolino de Oliveira Fina 10.88 1/13/2020 USD 17.50
Credit Suisse AG/Guernsey 0.63 USD 60.97
Exane Finance 5.00 12/20/2019 SEK 60.44
La Veggia Finance SPA 7.13 11/14/2004 EUR 0.00
Elli Investments Ltd 12.25 6/15/2020 GBP 39.38
Virgolino de Oliveira Fina 10.50 1/28/2018 USD 1.35
Landesbank Hessen-Thuering 0.34 5/3/2041 EUR 71.61
Centrosolar Group AG 7.00 2/15/2016 EUR 2.15
Artea 6.00 8/4/2019 EUR 14.50
LBI HF 4.65 EUR 0.00
Orient Express Bank OJSC 13.60 8/9/2018 RUB 25.25
Cooperatieve Centrale Raif 0.50 10/29/2027 MXN 43.69
Heta Asset Resolution AG 7.50 5/27/2024 ATS 16.88
Deutsche Morgan Grenfell G 0.81 USD 58.94
SUEK Finance 12.50 8/19/2025 RUB 60.07
Solon SE 1.38 12/6/2012 EUR 0.33
Lloyds Bank PLC 10.13 12/16/2021 CAD 62.23
Mechel 15.00 2/25/2020 RUB 69.52
LBI HF 6.10 8/25/2011 USD 10.88
Rosseti PJSC 11.85 5/26/2025 RUB 60.16
Jasper Explorer PLC 13.50 5/27/2016 USD 6.13
Breeze Finance SA 11.75 4/19/2027 EUR 3.00
Governo Portugues Consolid 3.00 EUR 73.00
Region of Molise Italy 0.45 12/15/2033 EUR 67.38
UniCredit Bank Austria AG 0.55 12/27/2026 EUR 73.00
CHC Helicopter SA 9.25 10/15/2020 USD 55.75
ING Bank Eurasia ZAO 12.00 5/27/2020 RUB 100.50
KPNQwest NV 7.13 6/1/2009 EUR 0.50
Raiffeisen Bank Internatio 4.50 9/28/2035 EUR 71.50
Finmek International SA 7.00 12/3/2004 EUR 0.13
Kaupthing Bank Hf 6.13 10/4/2016 USD 20.00
City of Kiev Ukraine Via C 8.00 11/6/2015 USD 69.00
Nota-Bank OJSC 13.50 10/13/2016 RUB 0.10
Heta Asset Resolution AG 5.73 12/10/2021 EUR 15.63
HSBC Bank PLC 0.50 7/30/2027 NZD 50.44
Lehman Brothers Treasury C 5.00 3/18/2015 EUR 13.88
Volkswagen Bank Rus OOO 9.35 6/29/2019 RUB 60.02
SU-155 KAPITAL OOO 13.25 2/23/2016 RUB 22.15
Kaupthing Bank Hf 7.50 2/1/2045 USD 0.00
Cooperatieve Centrale Raif 0.50 10/30/2043 MXN 13.07
CARPEVIGO AG 8.25 6/30/2016 EUR 25.00
RusHydro PJSC 12.75 4/15/2025 RUB 101.01
Penell GmbH Elektrogroshan 7.75 6/10/2019 EUR 12.00
Standard Chartered PLC 0.59 USD 59.00
Baltijskij Bereg ZAO 18.00 12/22/2017 RUB 35.29
OAS Investments GmbH 8.25 10/19/2019 USD 5.38
Lehman Brothers Treasury C 5.00 9/22/2014 EUR 13.88
Glitnir HF 6.33 7/28/2011 USD 27.13
SAir Group 6.25 4/12/2005 CHF 11.00
Santander Finance Capital 2.00 USD 40.13
Governo Portugues Consolid 2.75 EUR 61.00
Sairgroup Finance BV 6.63 10/6/2010 EUR 16.88
SUEK Finance 12.50 8/19/2025 RUB 60.07
BLT Finance BV 12.00 2/10/2015 USD 10.50
Cooperatieve Centrale Raif 0.50 11/30/2027 MXN 44.55
Lehman Brothers Treasury C 5.00 2/16/2015 EUR 13.88
Deutsche Bank AG/London 0.50 3/9/2018 BRL
CRC Breeze Finance SA 6.11 5/8/2016 EUR 54.38
Banco Comercial Portugues 5.00 EUR 61.00
Privatbank CJSC Via UK SPV 10.88 2/28/2018 USD 61.50
Bank Nederlandse Gemeenten 0.50 6/22/2021 ZAR 62.44
Phones4u Finance PLC 9.50 4/1/2018 GBP 37.75
Hellenic Bank PCL 11.00 EUR 47.00
Heta Asset Resolution AG 4.88 9/18/2017 EUR 16.63
Kommunekredit 0.50 7/30/2027 TRY 26.37
Virgolino de Oliveira Fina 11.75 2/9/2022 USD 1.17
LBI HF 3.00 12/7/2010 CHF 8.50
UniCredit Bank Austria AG 0.30 1/25/2031 EUR 69.75
Freshwater Finance PLC 6.06 10/17/2036 GBP 62.00
Allied Irish Banks PLC 5.25 3/10/2035 GBP 26.50
Heta Asset Resolution AG 4.63 3/4/2018 EUR 65.75
KA Finanz AG 4.90 6/23/2031 EUR 64.25
DEIKON GmbH 1.00 7/1/2016 EUR 18.05
Commerzbank AG 5.00 9/27/2019 EUR 30.00
Mechel 15.00 2/25/2020 RUB 69.81
Accentro Real Estate AG 6.25 3/27/2019 EUR 2.73
Bremer Landesbank Kreditan 0.41 4/5/2041 EUR 74.13
Barclays Bank PLC 1.99 12/1/2040 USD 71.78
Far East Capital Ltd SA 8.00 5/2/2018 USD 62.50
Deutsche Bank AG 3.20 3/22/2016 EUR 49.80
Kaupthing Bank Hf 6.13 10/4/2016 USD 20.00
International Finance Faci 0.50 6/29/2020 ZAR 65.66
Absolut Bank PAO 11.50 7/27/2016 RUB 60.02
Lloyds Bank PLC 2.01 2/22/2033 USD 64.85
Seabird Exploration PLC 6.00 12/18/2015 USD 27.00
Municipality Finance PLC 0.50 8/8/2029 NZD 58.37
Heta Asset Resolution AG 0.25 9/26/2043 EUR 65.50
Locko-Bank ZAO 14.50 9/22/2025 RUB 60.03
BKN biostrom AG 7.50 6/5/2016 EUR 1.50
Codere Finance Luxembourg 8.25 6/15/2015 EUR 72.38
Comune di Verona 0.18 12/1/2026 EUR 64.90
Lehman Brothers Treasury C 4.00 2/16/2017 EUR 16.25
SV Patrimonia 4.00 4/19/2016 EUR 51.00
HSBC Trinkaus & Burkhardt 5.10 6/2/2016 EUR 70.68
AO Bank Intesa 12.75 6/10/2018 RUB 61.01
Montepio Holding SGPS SA 5.00 EUR 50.00
Hamburgische Landesbank Gi 0.31 10/30/2040 EUR 62.68
Santander Finance Capital 2.00 USD 46.00
Kaupthing Bank Hf 5.25 7/18/2017 BGN 20.00
Raiffeisenlandesbank Niede 5.00 7/1/2026 EUR 73.25
Lehman Brothers Treasury C 8.25 12/3/2015 EUR 13.88
Heta Asset Resolution AG 1.59 6/30/2019 CHF 65.50
DEMIRE Real Estate AG 6.00 12/30/2018 EUR 3.70
RSL Communications PLC 10.13 3/1/2008 USD 0.00
OT-Optima Telekom DD 5.25 5/30/2022 HRK 50.00
WPE International Cooperat 10.38 9/30/2020 USD 7.00
Nota-Bank OJSC 13.50 4/1/2016 RUB 42.04
Center-Invest Commercial B 9.20 11/13/2018 RUB 60.01
ffk environment GmbH 7.25 6/1/2016 EUR 3.01
Far East Capital Ltd SA 8.75 5/2/2020 USD 61.66
KPNQwest NV 8.13 6/1/2009 USD 0.50
DEIKON GmbH 1.00 11/16/2016 EUR 38.00
Federal Grid Co Unified En 7.75 9/15/2020 RUB 85.00
Bashneft PAO 8.35 12/13/2016 RUB 96.01
Espirito Santo Financial G 5.05 11/15/2025 EUR 1.29
Province of Milan Italy 0.30 12/22/2033 EUR 71.62
wige MEDIA AG 6.00 3/17/2019 EUR 1.90
Kommunalkredit Austria AG 0.56 10/25/2021 EUR 44.25
Kamaz PJSC 13.50 6/12/2020 RUB 100.01
Mechel 8.40 5/27/2021 RUB 57.50
Lehman Brothers Treasury C 4.50 5/2/2017 EUR 3.05
Lehman Brothers Treasury C 6.65 8/24/2011 AUD 13.88
Nordea Bank Finland Abp 3.01 10/20/2019 SEK 59.50
Mriya Agro Holding PLC 10.95 3/30/2016 USD 15.63
Kommunalbanken AS 0.50 3/2/2018 BRL 74.52
Aeroexpress OOO 11.00 1/13/2017 RUB 60.15
Lehman Brothers Treasury C 5.25 5/26/2026 EUR 3.05
DeltaCredit Bank 10.35 5/6/2024 RUB 60.01
Deutsche Bank AG/London 0.50 10/5/2021 IDR 47.96
Bank Nederlandse Gemeenten 0.50 8/9/2022 MXN 69.09
Svensk Exportkredit AB 0.50 4/24/2029 AUD 57.79
Nordea Bank Finland Abp 1.71 10/20/2019 SEK 70.00
SU-155 KAPITAL OOO 13.25 2/23/2016 RUB 21.07
Immigon Portfolioabbau AG 0.97 5/20/2025 EUR 21.75
Svensk Exportkredit AB 0.50 1/31/2022 ZAR 56.34
Leonteq Securities AG 11.00 7/20/2016 EUR 45.67
DeltaCredit Bank 12.10 7/28/2025 RUB 60.25
BLT Finance BV 7.50 5/15/2014 USD 5.00
RSL Communications PLC 10.50 11/15/2008 USD 0.00
Skue Sparebank 2.27 NOK 70.36
Lehman Brothers Treasury C 4.00 10/24/2012 EUR 3.05
UniCredit Bank AG 0.68 11/19/2029 EUR 72.38
Lehman Brothers Treasury C 11.00 12/20/2017 AUD 3.05
Rusfinans Bank OOO 12.10 9/29/2020 RUB 60.56
Ukreximbank Via Biz Financ 7.51 2/9/2023 USD 74.11
WGF Westfaelische Grundbes 6.35 12/1/2016 EUR 6.66
Lenta LLC 12.40 8/28/2025 RUB 60.14
Nordea Bank Finland Abp 4.35 4/20/2020 SEK 58.00
Lehman Brothers Treasury C 5.00 5/12/2011 CHF 3.05
Solarwatt GmbH 7.00 11/1/2015 EUR 14.50
Nota-Bank OJSC 14.50 6/6/2018 RUB 30.02
Lehman Brothers Treasury C 3.03 1/31/2015 EUR 3.05
SAir Group 0.13 7/7/2005 CHF 11.13
Sistema JSFC 7.65 3/15/2016 RUB 59.41
Atari SA 7.50 2/17/2020 EUR 0.22
Lehman Brothers Treasury C 1.00 5/9/2012 EUR 3.05
Lehman Brothers Treasury C 6.00 10/30/2012 EUR 3.05
Lehman Brothers Treasury C 4.00 12/2/2012 EUR 3.05
A-TEC Industries AG 2.75 5/10/2014 EUR 2.00
Mechel 8.40 6/1/2021 RUB 58.03
Deutsche Bank AG/London 5.65 6/30/2034 USD 73.00
Sidetur Finance BV 10.00 4/20/2016 USD 5.50
Lehman Brothers Treasury C 4.00 7/20/2012 EUR 3.05
LBBW 5.00 3/24/2016 EUR 65.27
Anglian Water Services Fin 1.09 1/26/2057 GBP 69.57
Atari SA 0.10 4/1/2020 EUR 2.41
Enemona AD-Kozloduy 10.00 4/28/2017 BGN 0.13
Bank Nederlandse Gemeenten 0.50 7/12/2022 ZAR 55.34
Credit Suisse AG/London 1.64 6/1/2042 USD 52.89
Lehman Brothers Treasury C 6.00 2/14/2012 EUR 3.05
SAG Solarstrom AG 7.50 7/10/2017 EUR 45.00
Heta Asset Resolution AG 0.83 5/28/2017 EUR 65.50
Banque Cantonale Vaudoise 17.75 11/17/2015 CHF 41.20
Credit Europe Bank Ltd 11.40 6/26/2017 RUB 60.01
LBBW 2.00 3/29/2016 EUR 66.66
Rusfinans Bank OOO 13.90 4/24/2018 RUB 61.89
Russian Bank for Small and 8.25 11/26/2016 RUB 57.04
Heta Asset Resolution AG 0.24 8/12/2017 EUR 65.50
DZ Bank AG Deutsche Zentra 3.00 12/28/2015 EUR 69.67
Lehman Brothers Treasury C 4.00 4/13/2011 CHF 3.05
HSBC Bank PLC 0.50 9/28/2018 IDR 73.14
Lehman Brothers Treasury C 6.00 3/18/2015 USD 13.88
SG Option Europe SA 7.00 5/5/2017 EUR 67.57
Exane Finance 2.70 9/26/2016 USD 44.66
Transcapitalbank JSC 12.50 3/15/2016 RUB 60.02
OL Groupe SA 7.00 12/28/2015 EUR 7.58
Svensk Exportkredit AB 0.50 8/25/2021 ZAR 60.44
Bank Nederlandse Gemeenten 0.50 8/15/2022 ZAR 56.81
Kommunekredit 0.50 12/14/2020 ZAR 66.33
Astana Finance BV 9.00 11/16/2011 USD 16.00
Credit Suisse AG/London 10.50 9/30/2020 USD 10.35
Banca delle Marche SpA 8.00 6/30/2018 EUR 20.25
Barclays Bank PLC 0.50 4/24/2023 MXN 61.61
Vontobel Financial Product 5.84 9/9/2016 EUR 25.10
IT Holding Finance SA 9.88 11/15/2012 EUR 0.19
Wlodarzewska SA 9.22 5/15/2016 PLN 33.00
Bank Nederlandse Gemeenten 0.50 9/20/2022 ZAR 54.79
International Finance Faci 0.50 6/24/2024 ZAR 42.70
Lehman Brothers Treasury C 5.00 2/27/2014 EUR 13.88
Heta Asset Resolution AG 0.24 3/12/2043 EUR 65.50
Banca delle Marche SpA 6.00 5/8/2018 EUR 20.25
Lehman Brothers Treasury C 7.00 11/26/2013 EUR 13.88
Vnesheconombank 11.50 8/20/2020 RUB 59.59
KPNQwest NV 8.88 2/1/2008 EUR 0.50
RusHydro PJSC 11.85 7/4/2018 RUB 60.03
Russian Bank for Small and 8.25 11/26/2016 RUB 59.02
Muehl Product & Service AG 6.75 3/10/2005 DEM 1.75
Lehman Brothers Treasury C 8.00 10/17/2014 EUR 3.05
A-TEC Industries AG 5.75 11/2/2010 EUR 2.00
Bank National Factoring Co 14.00 10/17/2016 RUB 100.00
Rostelecom PJSC 10.50 6/7/2018 RUB 60.03
KA Finanz AG 4.44 12/20/2030 EUR 61.13
RSL Communications PLC 9.13 3/1/2008 USD 0.00
Takko Luxembourg 2 SCA 6.95 4/15/2019 EUR 59.00
Glitnir HF 4.75 10/15/2010 USD 27.13
Heta Asset Resolution AG 5.27 4/7/2028 EUR 16.88
Landesbank Hessen-Thuering 0.36 4/23/2041 EUR 72.12
Kommunalbanken AS 0.50 5/27/2022 ZAR 55.65
Mobile TeleSystems PJSC 5.00 6/29/2021 RUB 64.13
Ecureuil Vie Developpement 0.91 EUR 27.13
Ingra DD 6.13 12/6/2016 HRK 12.99
MirLand Development Corp P 6.50 12/31/2015 ILS 39.20
MORTGAGE AGENT AHML 13-1 8.50 9/9/2045 RUB 57.00
CBo Territoria 6.00 1/1/2020 EUR 4.05
Cerruti Finance SA 6.50 7/26/2004 EUR 1.60
Rusfinans Bank OOO 11.90 7/18/2018 RUB 60.34
Heta Asset Resolution AG 5.80 6/17/2017 EUR 65.50
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 75.86
Municipality Finance PLC 0.50 3/28/2018 BRL 74.08
Lehman Brothers Treasury C 6.30 12/21/2018 USD 1.73
PKVIT OOO 11.00 10/14/2020 RUB 63.13
WGF Westfaelische Grundbes 6.35 8/1/2017 EUR 2.06
Kaupthing Bank Hf 7.13 5/19/2016 USD 0.00
Lehman Brothers Treasury C 1.46 2/19/2012 JPY 13.88
Federal Grid Co Unified En 7.50 10/16/2020 RUB 60.01
Baltic Leasing OOO 15.10 2/12/2021 RUB 60.03
hkw personalkonzepte GmbH 8.25 11/15/2016 EUR 3.15
Societe Centrale des Bois 9.00 7/1/2016 EUR 7.15
Absolut Bank PAO 10.19 4/29/2020 RUB 60.02
Armenian Treasury Bonds 10.00 10/29/2023 AMD 75.00
Province of Brescia Italy 0.35 6/30/2036 EUR 67.45
Lehman Brothers Treasury C 5.00 5/2/2022 EUR 3.05
Lehman Brothers Treasury C 8.00 2/16/2016 EUR 3.05
Municipality Finance PLC 0.50 6/19/2024 ZAR 44.27
Rusfinans Bank OOO 11.60 11/11/2015 RUB 99.95
Societe Generale SA 0.50 5/30/2023 MXN 63.21
Interregional Distribution 12.42 5/23/2025 RUB 63.88
Marine Subsea AS 9.00 12/16/2019 USD 0.50
Immigon Portfolioabbau AG 4.26 3/22/2024 EUR 36.63
UBS AG 14.75 12/29/2015 EUR 71.36
Republika Srpska 9.00 9/26/2027 BAM 70.51
Credit Suisse AG/London 13.00 6/6/2016 USD 59.20
Heta Asset Resolution AG 3.42 11/7/2016 EUR 64.88
Heta Asset Resolution AG 0.06 1/24/2017 EUR 65.00
Codere Finance Luxembourg 8.25 6/15/2015 EUR 72.38
Heta Asset Resolution AG 0.37 3/29/2017 EUR 65.50
Locko-Bank ZAO 13.75 4/2/2020 RUB 60.01
Heta Asset Resolution AG 0.21 4/9/2018 EUR 65.50
Vneshprombank Ltd 15.00 3/23/2020 RUB 62.03
Rossiysky Capital OJSC 18.00 1/20/2020 RUB 60.67
LBBW 4.00 4/22/2016 EUR 52.27
Lehman Brothers Treasury C 5.55 3/12/2015 EUR 3.05
HSBC Bank PLC 0.50 12/29/2026 AUD 70.91
ECM Real Estate Investment 5.00 10/9/2011 EUR 10.38
LBBW 2.90 8/26/2016 EUR 71.12
VTB Capital Finance OOO 0.10 8/9/2022 RUB 57.02
Heta Asset Resolution AG 5.03 1/26/2017 EUR 15.00
Europlan AO 13.60 8/23/2021 RUB 60.12
HSBC Bank PLC 0.50 4/27/2027 NZD 51.69
BNP Paribas SA 0.50 9/29/2029 AUD 60.47
City of Siret Romania 2.77 3/1/2028 RON 60.00
Immigon Portfolioabbau AG 5.27 2/8/2027 EUR 62.75
Heta Asset Resolution AG 0.20 4/22/2018 EUR 65.50
Bashneft PAO 12.10 6/3/2025 RUB 60.01
Credit Suisse AG 11.00 3/28/2016 USD 6.05
Akademiska Hus AB 2.08 4/17/2045 SEK 73.10
Immigon Portfolioabbau AG 3.55 4/12/2022 EUR 74.70
Efesk Group 13.25 6/14/2016 RUB 53.00
Kaupthing Bank Hf 9.75 9/10/2015 USD 20.00
Dolomite Capital Ltd 12.21 12/20/2019 ZAR 57.29
Svyaznoy Bank ZAO 15.00 6/8/2018 RUB 79.00
International Finance Faci 0.50 6/29/2027 ZAR 29.67
Bank Nederlandse Gemeenten 0.50 9/20/2022 MXN 68.94
Kerdos Group SA 8.00 12/15/2017 PLN 17.01
Immigon Portfolioabbau AG 0.49 3/14/2020 EUR 70.41
Salvator Grundbesitz-AG 9.50 12/31/2021 EUR 11.00
Kaupthing Bank Hf 3.75 2/15/2024 ISK 20.00
Bank St Petersburg PJSC 10.70 9/8/2016 RUB 60.45
Heta Asset Resolution AG 5.04 2/15/2023 EUR 65.50
Raiffeisen Centrobank AG 7.25 9/26/2016 EUR 50.00
Credit Suisse AG/Nassau 8.05 9/27/2016 CHF 45.06
Deutsche Bank AG/London 0.34 2/1/2016 EUR 67.00
Eksportfinans ASA 0.50 5/9/2030 CAD 21.88
UniCredit Bank AG 4.20 8/29/2016 EUR 65.74
MirLand Development Corp P 8.50 8/31/2016 ILS 36.60
Union Technologies Informa 0.10 1/1/2020 EUR 21.63
Leonteq Securities AG/Guer 29.61 10/26/2017 EUR 28.70
URALSIB Leasing Co OOO 10.50 4/17/2018 RUB 60.01
Mortgage Agent Absolut 2 8.90 8/12/2041 RUB 94.35
Svensk Exportkredit AB 0.50 2/22/2022 ZAR 54.87
Lehman Brothers Treasury C 7.00 6/6/2017 EUR 3.05
Lehman Brothers Treasury C 1.75 2/7/2010 EUR 3.30
HSBC Bank PLC 0.50 10/30/2018 IDR 72.32
Europlan AO 12.50 10/31/2017 RUB 60.02
Ideal Standard Internation 11.75 5/1/2018 EUR 31.63
VEB-Leasing OAO 13.09 6/23/2020 RUB 60.66
Credit Suisse AG/London 10.50 6/20/2016 USD 54.80
Svensk Exportkredit AB 0.50 3/28/2029 AUD 68.19
Tatfondbank OAO 15.00 3/21/2025 RUB 90.00
Barclays Bank PLC 3.50 12/7/2015 EUR 65.60
Salvator Grundbesitz-AG 9.50 EUR 40.00
Federal Grid Co Unified En 8.00 1/7/2028 RUB 73.26
Royal Bank of Scotland Gro 4.24 1/12/2046 EUR 73.75
Rusfinans Bank OOO 12.00 6/30/2020 RUB 60.23
Russian Railways JSC 17.90 9/20/2039 RUB 10.48
Immigon Portfolioabbau AG 4.50 9/7/2020 EUR 25.00
Lehman Brothers Treasury C 5.50 6/22/2010 USD 16.25
Notenstein Finance Guernse 1.00 9/17/2019 CHF 74.27
LBBW 2.51 8/26/2016 EUR 65.50
Kommunekredit 0.50 2/20/2020 BRL 56.46
Spoldzielczy Bank Rzemiosl 4.99 7/8/2021 PLN 72.00
Bayerische Landesbank 5.00 10/17/2016 EUR 67.10
Wlodarzewska SA 9.22 5/15/2016 PLN 37.60
Deutsche Bank AG 5.20 6/22/2016 EUR 56.60
Banca delle Marche SpA 6.00 6/12/2018 EUR 20.25
Sovcombank ICB JSC 11.00 6/20/2016 RUB 60.02
Heta Asset Resolution AG 3.72 3/15/2017 EUR 65.50
Mortgage Agent Absolut 1 9.20 11/12/2040 RUB 96.45
Czerwona Torebka SA 6.81 4/15/2016 PLN 62.00
Russian Railways JSC 12.40 5/30/2040 RUB 60.01
Lehman Brothers Treasury C 7.50 5/2/2017 EUR 3.05
Lehman Brothers Treasury C 12.40 6/12/2009 USD 3.05
ING Bank NV 5.05 10/7/2024 EUR 62.83
Bank Nederlandse Gemeenten 0.50 6/7/2022 ZAR 57.70
SAir Group 4.25 2/2/2007 CHF 11.13
Municipality Finance PLC 0.50 11/25/2020 ZAR 64.75
Sviaz Bank OAO 12.25 4/13/2022 RUB 60.23
Bank Julius Baer & Co Ltd/ 13.25 11/16/2015 USD 72.30
UBS AG 12.00 12/29/2015 EUR 47.17
UBS AG 8.88 2/26/2016 USD 12.89
UTair-Finans OOO 13.00 11/13/2015 RUB 30.00
Svensk Exportkredit AB 0.50 8/28/2018 BRL 67.80
Lehman Brothers Treasury C 8.88 1/28/2011 HKD 13.88
Lehman Brothers Treasury C 6.00 3/14/2011 EUR 13.88
Landesbank Hessen-Thuering 5.50 5/27/2016 EUR 73.30
Lehman Brothers Treasury C 5.00 8/16/2017 EUR 13.88
Bashneft PAO 12.00 5/19/2025 RUB 60.01
KFW 0.25 10/6/2036 CAD 38.76
Vontobel Financial Product 8.00 9/29/2017 EUR 67.94
Credit Suisse AG/London 10.25 5/31/2016 USD 59.00
Transgazservice LLP 10.50 11/8/2019 RUB 55.27
HSBC Bank PLC 0.50 5/31/2019 IDR 67.01
HSBC Bank PLC 0.50 4/3/2023 AUD 74.30
Municipality Finance PLC 0.50 12/14/2018 TRY 71.57
Immigon Portfolioabbau AG 1.80 5/24/2018 EUR 70.25
Lehman Brothers Treasury C 4.05 9/16/2008 EUR 3.05
Svensk Exportkredit AB 0.50 6/20/2029 AUD 65.76
Windreich GmbH 6.75 3/1/2015 EUR 10.88
Immigon Portfolioabbau AG 4.81 7/29/2025 EUR 61.00
Metalloinvest Holding Co O 11.85 10/21/2025 RUB 70.00
WGZ-Bank AG Westdeutsche G 4.05 12/9/2015 EUR 58.23
DekaBank Deutsche Girozent 5.55 11/20/2015 EUR 58.49
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 0.47
MirLand Development Corp P 7.21 5/31/2020 ILS 29.82
East Syberian Mortgage Age 8.75 8/11/2046 RUB 92.35
Lehman Brothers Treasury C 4.82 12/18/2036 EUR 3.05
Lehman Brothers Treasury C 15.00 6/4/2009 CHF 3.05
UBS AG/London 4.61 7/13/2016 USD 34.75
Deutsche Bank AG 2.57 6/28/2033 USD 70.50
NIBC Bank NV 25.98 5/7/2029 EUR 63.67
Lehman Brothers Treasury C 4.87 10/8/2013 USD 3.05
Russian Railways JSC 16.80 5/29/2035 RUB 10.67
KPNQwest NV 8.88 2/1/2008 EUR 0.50
Araratbank OJSC 8.00 6/11/2018 USD 25.61
Sovcombank ICB JSC 13.50 2/7/2019 RUB 60.17
Barclays Bank PLC 0.50 3/26/2021 MXN 72.61
Kommunekredit 0.50 9/19/2019 BRL 60.84
Espirito Santo Financial P 5.63 7/28/2017 EUR 2.25
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 1.98
Deutsche Bank AG 3.20 12/22/2015 EUR 61.40
Lehman Brothers Treasury C 4.35 8/8/2016 SGD 13.88
Glitnir HF 6.69 6/15/2016 USD 0.02
SAir Group 2.13 11/4/2004 CHF 11.00
Societe Generale SA 0.42 1/31/2033 USD 68.59
Immigon Portfolioabbau AG 5.26 2/5/2025 EUR 37.25
HSBC Trinkaus & Burkhardt 5.00 7/1/2016 EUR 46.46
Credit Europe Bank Ltd 15.00 3/22/2018 RUB 60.78
Lehman Brothers Treasury C 2.00 6/21/2011 EUR 3.05
Lehman Brothers Treasury C 14.90 11/16/2010 EUR 3.05
Svensk Exportkredit AB 0.50 8/28/2020 TRY 59.20
Rusfinans Bank OOO 10.88 8/22/2019 RUB 59.77
Russian Railways JSC 11.20 10/16/2025 RUB 60.06
MT-Energie GmbH & Co KG 8.25 4/4/2017 EUR 11.20
Municipiul Timisoara 1.18 5/12/2026 RON 70.00
Driver & Bengsch AG 8.50 12/31/2027 EUR 0.00
SAir Group 5.50 7/23/2003 CHF 11.00
Ladya Finans LLC 12.00 10/29/2021 RUB 60.00
Heta Asset Resolution AG 0.69 9/20/2017 EUR 16.88
HSBC Bank PLC 0.50 2/24/2027 NZD 52.42
Zurcher Kantonalbank Finan 12.03 3/11/2016 EUR 56.85
Lehman Brothers Treasury C 4.00 7/27/2011 EUR 3.05
Immigon Portfolioabbau AG 1.75 9/9/2020 EUR 48.13
Municipality Finance PLC 0.50 5/8/2029 AUD 56.72
Lehman Brothers Treasury C 4.10 6/10/2014 SGD 16.25
Glitnir HF 6.38 9/25/2012 USD 27.13
Lehman Brothers Treasury C 8.50 7/5/2016 EUR 13.88
Soyuz AKB OAO 14.50 6/11/2020 RUB 60.01
Heta Asset Resolution AG 4.54 9/22/2017 EUR 65.50
Societe Generale SA 1.04 2/28/2034 USD 66.47
Societe Generale SA 2.95 8/1/2016 USD 54.50
UBS AG/London 7.78 1/22/2016 USD 35.25
Zurcher Kantonalbank Finan 10.90 6/3/2016 CHF 68.50
Banca delle Marche SpA 7.75 6/30/2018 EUR 20.25
Oberoesterreichische Lande 0.30 4/25/2042 EUR 50.38
Lehman Brothers Treasury C 13.00 2/16/2009 CHF 3.05
Raiffeisen Versicherung AG 5.08 EUR 34.25
Cooperatieve Centrale Raif 0.50 12/29/2027 MXN 44.26
HSBC Bank PLC 0.50 5/29/2020 IDR 60.00
World of Building Technolo 7.70 6/25/2019 RUB 2.50
Pongs & Zahn AG 8.50 EUR 0.30
Credit Suisse AG/London 8.00 11/29/2019 USD 6.99
Heta Asset Resolution AG 6.94 6/10/2017 EUR 65.50
RSL Communications PLC 12.00 11/1/2008 USD 0.00
Svensk Exportkredit AB 0.50 3/15/2022 ZAR 54.28
Vontobel Financial Product 5.60 12/29/2015 EUR 45.25
Credit Suisse AG/Nassau 8.00 2/8/2016 USD 55.57
MirLand Development Corp P 6.00 11/30/2017 ILS 29.00
Leonteq Securities AG 11.80 2/17/2016 USD 61.32
Banca delle Marche SpA 7.20 6/30/2018 EUR 20.25
Immigon Portfolioabbau AG 6.60 5/6/2023 EUR 48.75
Heta Asset Resolution AG 3.90 1/24/2017 EUR 63.75
Cooperatieve Centrale Raif 0.50 1/31/2033 MXN 27.87
Mortgage agent Vozrojdenie 9.00 10/26/2046 RUB 58.00
UTair-Finans OOO 9.50 7/21/2016 RUB 25.00
KPNQwest NV 7.13 6/1/2009 EUR 0.50
Glitnir HF 5.31 12/24/2012 USD 27.13
Heta Asset Resolution AG 0.37 3/29/2017 EUR 65.50
Heta Asset Resolution AG 0.20 7/1/2017 EUR 65.50
UBS AG/London 7.49 8/24/2016 USD 36.39
Rena Lange Holding GmbH 8.00 12/12/2017 EUR 0.38
Northland Resources AB 12.25 3/26/2016 USD 1.00
RusHydro PJSC 11.85 7/4/2018 RUB 60.01
Freshwater Finance PLC 6.18 4/20/2035 GBP 64.63
Deutsche Bank AG 8.50 12/20/2016 EUR 55.00
Commerzbank AG 10.00 5/26/2016 EUR 73.92
BNP Paribas Emissions- und 6.00 9/22/2016 EUR 53.73
Housing Financing Fund 2.70 1/1/2020 ISK 69.98
Dresdner Bank AG 0.65 11/19/2029 EUR 63.00
Lehman Brothers Treasury C 23.30 9/16/2008 USD 3.05
Heta Asset Resolution AG 4.40 6/20/2017 EUR 65.50
HSBC Bank PLC 0.50 11/9/2018 IDR 72.37
Raiffeisen-Holding Niedero 5.10 EUR 66.94
HSBC Bank PLC 0.50 4/11/2023 MXN 65.51
HSBC Bank PLC 0.50 6/4/2018 IDR 74.65
Sviaz Bank OAO 15.00 3/24/2018 RUB 60.03
Societe Generale SA 1.35 3/31/2034 USD 66.01
Nutritek International Cor 8.75 12/11/2008 USD 2.00
Russian Railways JSC 16.60 9/19/2033 RUB 60.00
RSL Communications PLC 9.88 11/15/2009 USD 0.00
Ashinskiy metallurgical wo 17.10 6/17/2024 RUB 60.02
EFG International Finance 6.48 5/29/2018 EUR 31.08
Exane Finance 6.25 12/20/2019 SEK 67.88
JP Morgan Structured Produ 12.00 11/24/2021 ZMW
Erste Group Bank AG 6.80 8/28/2016 EUR 60.95
HSBC Trinkaus & Burkhardt 5.03 3/24/2016 EUR 65.43
Credit Suisse AG/Nassau 6.00 10/3/2016 EUR 44.23
Oberoesterreichische Lande 0.32 11/6/2030 EUR 65.25
Lehman Brothers Treasury C 14.90 9/15/2008 EUR 3.05
Lehman Brothers Treasury C 6.25 9/5/2011 EUR 3.05
Lehman Brothers Treasury C 11.00 7/4/2011 CHF 3.05
Immigon Portfolioabbau AG 2.15 3/25/2019 EUR 62.38
Barclays Bank PLC 0.50 3/19/2021 MXN 72.70
Immigon Portfolioabbau AG 3.50 3/20/2018 EUR 72.38
AK Transneft OAO 12.50 12/21/2015 RUB 60.06
Municipality Finance PLC 0.50 11/21/2018 TRY 72.04
HSBC Bank PLC 0.50 10/30/2026 NZD 53.28
Eiendomskreditt 4.35 NOK 68.48
Tatfondbank OAO 14.00 12/11/2024 RUB 60.66
UniCredit Bank AO 12.00 11/20/2019 RUB 60.11
SAir Group 6.25 10/27/2002 CHF 11.63
Heta Asset Resolution AG 0.21 3/4/2018 EUR 65.50
Lehman Brothers Treasury C 7.60 1/31/2013 AUD 3.05
DekaBank Deutsche Girozent 4.92 1/27/2016 EUR 56.65
Vontobel Financial Product 5.00 2/13/2017 EUR 50.89
Banque Cantonale Vaudoise 6.00 5/26/2016 CHF 45.34
UniCredit Bank Austria AG 0.44 1/22/2031 EUR 65.88
Lehman Brothers Treasury C 6.50 7/24/2026 EUR 3.05
Lehman Brothers Treasury C 7.00 2/15/2012 EUR 3.05
Heta Asset Resolution AG 0.13 2/17/2017 EUR 64.63
Heta Asset Resolution AG 0.04 8/1/2017 EUR 65.50
Immigon Portfolioabbau AG 3.88 3/15/2022 EUR 44.75
Immigon Portfolioabbau AG 2.00 4/24/2020 EUR 52.00
Interregional Distribution 12.42 5/23/2025 RUB 60.01
Bashneft PAO 12.00 5/9/2025 RUB 60.01
Konservenfabrik Zachow Gmb 8.00 4/1/2016 EUR 0.00
SG Issuer SA 5.50 4/10/2021 EUR 66.11
Republika Srpska 11.50 9/25/2026 BAM 71.00
Glitnir HF 7.32 12/19/2012 USD 27.13
VEB-Leasing OAO 13.50 2/18/2025 RUB 100.05
Kerdos Group SA 8.00 3/31/2016 PLN 48.00
SAir Group 5.13 3/1/2003 CHF 11.00
Bank Julius Baer & Co Ltd/ 9.75 3/11/2016 EUR 58.45
Lehman Brothers Treasury C 7.38 9/20/2008 EUR 3.05
Lehman Brothers Treasury C 11.00 6/29/2009 EUR 3.05
Lehman Brothers Treasury C 5.00 2/28/2032 EUR 3.05
Lehman Brothers Treasury C 4.00 2/28/2010 EUR 3.05
Lehman Brothers Treasury C 10.00 10/23/2008 USD 3.05
Svensk Exportkredit AB 0.50 4/25/2019 BRL 61.68
Svensk Exportkredit AB 0.50 6/26/2019 TRY 67.18
Zapsibcombank PAO 14.85 12/12/2019 RUB 75.00
Bosnia & Herzegovina Gover 2.50 6/30/2022 BAM 73.01
Immigon Portfolioabbau AG 7.00 7/24/2022 EUR 63.69
Bank J Safra Sarasin AG/Gu 11.02 12/30/2015 EUR 49.09
UniCredit Bank AG 4.40 11/2/2017 EUR 59.40
Glitnir HF 5.86 7/28/2016 GBP 27.13
Immigon Portfolioabbau AG 0.88 2/11/2019 EUR 58.38
GFI Informatique SA/France 5.25 1/1/2017 EUR 6.57
Lehman Brothers Treasury C 12.00 7/13/2037 JPY 3.05
Leonteq Securities AG/Guer 6.89 12/30/2015 USD 61.98
UBS AG/London 5.50 7/10/2017 CHF 66.61
Vontobel Financial Product 5.00 7/4/2016 EUR 53.00
Notenstein Privatbank AG 8.99 7/22/2019 EUR 67.11
UBS AG/London 6.50 3/11/2016 GBP 73.67
UniCredit Bank Austria AG 0.34 1/24/2031 EUR 66.38
Heta Asset Resolution AG 0.07 7/18/2017 EUR 65.50
Immigon Portfolioabbau AG 4.20 2/22/2033 EUR 19.75
Lehman Brothers Treasury C 3.20 3/19/2018 JPY 3.05
Vnesheconombank 2.00 6/18/2021 RUB 60.81
Ipotechny Agent Moskovsky 7.00 9/17/2028 RUB 61.13
URALSIB Leasing Co OOO 10.50 4/17/2018 RUB 60.01
Lehman Brothers Treasury C 3.86 9/21/2011 SGD 16.25
Nordea Bank Finland Abp 8.00 9/10/2016 SEK 74.51
Credit Suisse AG/London 7.25 11/16/2015 USD 71.88
Glitnir HF 6.00 12/15/2012 GBP 27.13
Heta Asset Resolution AG 0.20 4/2/2018 EUR 65.50
Kaupthing Bank Hf 5.00 1/4/2027 SKK 18.25
BNP Paribas Emissions- und 3.00 2/23/2017 EUR 72.17
Veniti SA 9.70 3/28/2016 PLN 50.00
First St Petersburg Mortga 8.50 7/15/2041 RUB 57.00
ECA 2.50 1/1/2018 EUR 12.00
COFIDUR SA 0.10 12/31/2024 EUR 15.00
UniCredit Bank AG 4.88 8/25/2017 EUR 64.96
Credit Suisse AG/London 9.00 12/18/2015 USD 37.19
Mechel 8.00 2/9/2021 RUB 42.00
Vontobel Financial Product 6.50 11/25/2016 EUR 45.69
Vnesheconombank 9.75 8/16/2029 RUB 60.01
Banque Cantonale Vaudoise/ 8.20 3/3/2016 EUR 62.89
Landesbank Hessen-Thuering 5.10 4/15/2016 EUR 56.50
Credit Suisse AG/Nassau 7.00 6/27/2016 EUR 74.04
Hellas Telecommunications 8.50 10/15/2013 EUR 0.01
Lehman Brothers Treasury C 5.10 6/22/2046 EUR 3.05
Lehman Brothers Treasury C 15.00 3/30/2011 EUR 3.05
Lehman Brothers Treasury C 2.30 6/6/2013 USD 3.05
Lehman Brothers Treasury C 7.00 2/15/2010 CHF 3.05
Lehman Brothers Treasury C 8.00 3/19/2012 USD 3.05
Immigon Portfolioabbau AG 4.80 5/9/2025 EUR 35.00
Heta Asset Resolution AG 0.17 5/10/2017 EUR 65.50
LBI HF 7.43 USD 0.00
CHC Helicopter SA 9.25 10/15/2020 USD 56.00
Kommunalbanken AS 0.50 11/8/2018 BRL 67.70
Transbaltstroi OOO 13.00 11/26/2020 RUB 60.03
Melhus Sparebank 2.79 9/16/2024 NOK 74.65
Municipality Finance PLC 0.50 5/29/2018 BRL 72.76
Glitnir HF 4.75 10/15/2010 USD 27.13
Waste Management NN CJSC 18.80 6/15/2022 RUB 60.01
DekaBank Deutsche Girozent 3.05 3/25/2025 EUR 71.11
Immigon Portfolioabbau AG 5.45 8/2/2019 EUR 72.70
Kerdos Group SA 8.00 3/9/2018 PLN 60.01
MirLand Development Corp P 6.50 9/30/2019 ILS 27.61
Kaupthing Bank Hf 7.63 2/28/2015 USD 20.00
Leonteq Securities AG/Guer 14.00 1/6/2016 CHF 50.47
JP Morgan Structured Produ 8.70 11/25/2015 USD 42.85
UBS AG 5.50 12/29/2015 EUR 64.53
Soyuz AKB OAO 13.00 11/22/2019 RUB 60.11
Heta Asset Resolution AG 0.23 5/17/2017 EUR 65.50
Bank Nederlandse Gemeenten 0.50 5/12/2021 ZAR 63.71
HSBC Bank PLC 0.50 2/2/2023 AUD 74.94
Lehman Brothers Treasury C 8.00 5/22/2009 USD 3.05
Vontobel Financial Product 11.50 11/22/2016 EUR 68.48
DekaBank Deutsche Girozent 10.50 11/15/2016 EUR 63.04
DekaBank Deutsche Girozent 3.00 5/6/2016 EUR 50.59
UBS AG 10.20 4/14/2016 USD 5.70
Royal Bank of Scotland PLC 1.69 11/14/2016 GBP
Vontobel Financial Product 6.00 9/2/2016 EUR 55.47
Royal Bank of Scotland PLC 6.20 9/7/2018 GBP 1.06
Deutsche Bank AG 5.50 6/21/2016 EUR 55.00
Spoldzielczy Bank Rzemiosl 5.05 3/29/2023 PLN 70.00
Lehman Brothers Treasury C 5.00 12/6/2011 EUR 3.05
Lehman Brothers Treasury C 6.00 5/23/2018 CZK 3.05
Lehman Brothers Treasury C 7.05 4/8/2015 USD 3.05
Heta Asset Resolution AG 0.18 5/17/2017 EUR 65.50
HSBC Bank PLC 0.50 12/8/2026 AUD 60.25
Barclays Bank PLC 0.50 1/28/2033 MXN 30.69
Svensk Exportkredit AB 0.50 8/29/2029 AUD 69.04
HSBC Bank PLC 0.50 7/30/2019 IDR 65.67
HSBC Bank PLC 0.50 6/28/2019 IDR 66.87
Ipotechny Agent AK Bars 3.00 5/10/2047 RUB 52.43
Notenstein Privatbank AG 7.40 10/31/2016 CHF 42.54
UBS AG/London 5.00 12/10/2015 USD 68.08
WGZ-Bank AG Westdeutsche G 2.76 12/9/2015 EUR 65.90
Immigon Portfolioabbau AG 6.00 3/30/2017 EUR 1.00
UBS AG/London 7.50 11/19/2015 CHF 34.34
Credit Europe Bank Ltd 15.00 4/6/2018 RUB 60.04
Finstone OOO 9.25 1/10/2019 RUB 100.00
URALSIB Leasing Co OOO 9.00 12/12/2016 RUB 60.01
Lehman Brothers Treasury C 4.10 8/23/2010 USD 3.05
Bank Julius Baer & Co Ltd/ 8.90 6/30/2016 USD 55.70
DZ Bank AG Deutsche Zentra 14.50 12/28/2015 EUR 67.76
Banque Cantonale Vaudoise 6.80 1/29/2016 CHF 47.26
Notenstein Privatbank AG 6.50 7/2/2018 USD 66.92
Lehman Brothers Treasury C 1.28 11/6/2010 JPY 13.88
Commerzbank AG 6.50 12/22/2016 EUR 62.52
Deutsche Bank AG 7.20 12/22/2015 EUR 43.10
Banque Cantonale Vaudoise/ 8.20 3/3/2016 USD 63.25
Credit Suisse AG/London 7.00 3/21/2016 CHF 75.95
BNP Paribas Emissions- und 4.00 3/24/2016 EUR 50.27
WGZ-Bank AG Westdeutsche G 4.00 2/19/2016 EUR 55.73
Province of Rovigo Italy 0.30 12/28/2035 EUR 67.61
Lehman Brothers Treasury C 4.00 10/12/2010 USD 3.05
SAir Group 2.75 7/30/2004 CHF 11.13
SAir Group 2.75 7/30/2004 CHF 11.00
Agrokompleks OOO 15.00 7/29/2019 RUB 60.01
Immigon Portfolioabbau AG 4.21 1/25/2033 EUR 19.88
Kommunalbanken AS 0.50 8/15/2018 BRL 71.06
HSBC Bank PLC 0.50 6/9/2023 MXN 64.73
BNP Paribas SA 0.50 2/13/2024 NZD 69.94
Gold-Zack AG 7.00 12/14/2005 EUR 12.50
Zurcher Kantonalbank Finan 5.60 11/18/2015 USD 62.59
DZ Bank AG Deutsche Zentra 5.25 11/27/2015 EUR 72.77
Zurcher Kantonalbank Finan 5.25 12/4/2015 CHF 66.21
Bank Julius Baer & Co Ltd/ 9.25 12/11/2015 EUR 52.85
UniCredit Bank AG 4.10 9/28/2018 EUR 73.64
Heta Asset Resolution AG 0.06 3/15/2017 EUR 65.50
Baltic Leasing OOO 11.82 6/19/2020 RUB 60.03
Lehman Brothers Treasury C 4.68 12/12/2045 EUR 3.05
Nesset Sparebank 2.42 NOK 54.74
Kuybishevazot-Invest OOO 0.10 4/7/2016 RUB 59.01
Lehman Brothers Treasury C 8.00 4/20/2009 EUR 3.05
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.50
Lehman Brothers Treasury C 10.44 11/22/2008 CHF 3.05
Vontobel Financial Product 5.00 9/23/2016 EUR 45.31
DekaBank Deutsche Girozent 5.00 1/14/2016 EUR 54.31
Leonteq Securities AG 14.00 10/24/2016 CHF 60.40
Kerdos Group SA 8.00 5/31/2016 PLN 60.01
Royal Bank of Scotland PLC 1.33 10/26/2018 GBP 1.04
Banque Cantonale Vaudoise 1.00 7/7/2016 CHF 15.65
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 73.87
Leonteq Securities AG 12.40 5/18/2016 CHF 62.77
Araratbank OJSC 8.50 6/14/2016 USD 25.53
UniCredit Bank AG 4.00 6/23/2016 EUR 52.29
Vontobel Financial Product 21.75 6/24/2016 EUR 65.38
Banque Cantonale Vaudoise 6.00 2/19/2016 CHF 48.68
DekaBank Deutsche Girozent 7.44 2/9/2016 EUR 52.93
Lehman Brothers Treasury C 8.25 2/3/2016 EUR 3.05
Lehman Brothers Treasury C 4.05 9/16/2008 EUR 3.05
Lehman Brothers Treasury C 1.50 2/8/2012 CHF 3.05
Lehman Brothers Treasury C 5.00 11/22/2012 EUR 3.05
Lehman Brothers Treasury C 2.00 6/28/2011 EUR 3.05
Lehman Brothers Treasury C 2.50 11/9/2011 CHF 3.05
Municipality Finance PLC 4.20 3/26/2020 IDR 73.60
Societe Generale SA 0.50 4/3/2023 RUB 46.52
BNP Paribas SA 0.50 11/16/2032 MXN 32.94
Barclays Bank PLC 0.50 3/13/2023 RUB 46.79
Municipality Finance PLC 0.50 4/16/2018 BRL 72.96
Lehman Brothers Treasury C 8.28 3/26/2009 USD 3.05
Kaupthing Bank Hf 7.50 12/5/2014 ISK 20.00
Leonteq Securities AG 10.94 4/7/2016 USD 46.96
Leonteq Securities AG/Guer 9.07 5/3/2016 GBP 62.71
Leonteq Securities AG/Guer 20.00 12/29/2015 CHF 25.99
Deutsche Bank AG 5.20 12/22/2015 EUR 56.60
Bayerische Landesbank 3.70 6/3/2016 EUR 60.69
DekaBank Deutsche Girozent 8.50 10/27/2016 EUR 54.36
Republika Srpska 1.50 12/24/2025 BAM 74.50
Dayli Polska Sp zoo 8.50 9/5/2016 PLN 20.00
Bank Julius Baer & Co Ltd/ 9.50 11/19/2015 EUR 56.55
DZ Bank AG Deutsche Zentra 5.25 11/27/2015 EUR 52.75
Russian Railways JSC 16.70 10/11/2038 RUB 60.00
Bank Julius Baer & Co Ltd/ 7.90 11/20/2015 USD 38.75
UniCredit Bank AG 4.55 12/24/2015 EUR 58.92
Vontobel Financial Product 23.30 12/28/2015 EUR 69.78
Heta Asset Resolution AG 4.70 4/2/2018 EUR 65.50
Credit Europe Bank Ltd 11.36 6/5/2018 RUB 60.01
Glitnir HF 5.44 12/22/2015 USD 27.13
Northland Resources AB 15.00 7/15/2019 USD 1.00
Deutsche Bank AG 3.20 11/22/2017 EUR 73.30
Heta Asset Resolution AG 0.22 3/10/2018 EUR 65.50
Europlan AO 10.22 3/26/2019 RUB 59.78
Immigon Portfolioabbau AG 1.26 2/8/2019 EUR 61.63
Lehman Brothers Treasury C 12.22 11/21/2017 USD 3.05
Lehman Brothers Treasury C 6.00 2/19/2023 USD 3.05
Landeskreditbank Baden-Wue 0.50 5/10/2027 CAD 72.67
Lehman Brothers Treasury C 4.50 3/7/2015 EUR 3.05
Lehman Brothers Treasury C 4.50 12/30/2010 USD 3.05
Lehman Brothers Treasury C 5.00 8/1/2025 EUR 3.05
Lehman Brothers Treasury C 13.50 6/2/2009 USD 3.05
DekaBank Deutsche Girozent 3.40 6/10/2016 EUR 75.58
Societe Generale SA 5.99 2/9/2016 USD 61.84
BNP Paribas Emissions- und 6.25 12/24/2015 EUR 50.48
Leonteq Securities AG/Guer 7.28 1/29/2016 EUR 73.50
Lehman Brothers Treasury C 4.00 8/11/2010 USD 13.88
LBBW 4.50 2/24/2017 EUR 69.37
Norddeutsche Landesbank Gi 4.00 8/5/2016 EUR 55.52
Leonteq Securities AG 18.00 2/9/2016 CHF 50.41
UBS AG 8.42 12/17/2015 USD 18.90
Leonteq Securities AG 11.00 10/31/2016 CHF 63.96
Vontobel Financial Product 5.00 7/28/2016 EUR 55.50
Bayerische Landesbank 2.20 5/20/2016 EUR 52.86
Commerzbank AG 10.25 4/21/2016 EUR 60.05
Bank Julius Baer & Co Ltd/ 13.70 5/13/2016 USD 50.55
EFG International Finance 6.26 5/7/2018 EUR 73.88
Vontobel Financial Product 9.55 5/27/2016 EUR 48.31
Societe Generale SA 13.56 5/26/2016 USD 71.78
Leonteq Securities AG 5.84 9/5/2016 USD 46.92
Banque Cantonale Vaudoise 7.25 3/3/2016 CHF 62.20
UniCredit Bank AG 5.44 7/1/2016 EUR 60.03
Goldman Sachs & Co Wertpap 20.00 7/20/2016 EUR 64.12
Norddeutsche Landesbank Gi 3.50 7/1/2016 EUR 42.23
Deutsche Bank AG 6.20 6/21/2016 EUR 47.60
Bayerische Landesbank 3.70 11/4/2016 EUR 68.37
Landesbank Hessen-Thuering 4.00 8/5/2016 EUR 51.50
Bank Julius Baer & Co Ltd/ 13.20 2/26/2016 USD 55.95
Deutsche Bank AG 5.20 12/20/2016 EUR 45.90
Lehman Brothers Treasury C 10.00 1/3/2012 BRL 3.05
Banca di Cividale SpA 0.03 10/2/2036 EUR 64.20
Lehman Brothers Treasury C 4.95 10/25/2036 EUR 3.05
Immigon Portfolioabbau AG 0.77 10/15/2019 EUR 53.50
Immigon Portfolioabbau AG 4.78 6/7/2030 EUR 24.50
Immigon Portfolioabbau AG 0.97 3/1/2021 EUR 42.50
Lehman Brothers Treasury C 7.60 5/21/2013 USD 3.05
Strommen Sparebank 2.40 NOK 44.47
Lehman Brothers Treasury C 6.00 10/30/2012 USD 3.05
Immigon Portfolioabbau AG 5.25 12/20/2022 EUR 45.75
Lehman Brothers Treasury C 9.30 12/21/2010 EUR 3.05
Lehman Brothers Treasury C 4.00 5/30/2010 USD 3.05
Lehman Brothers Treasury C 18.25 10/2/2008 USD 3.05
Province of Brescia Italy 0.52 12/22/2036 EUR 66.86
Lehman Brothers Treasury C 4.00 11/24/2016 EUR 3.05
Credit Agricole Corporate 0.50 3/6/2023 RUB 46.83
Rusfinans Bank OOO 12.23 10/23/2019 RUB 60.01
Municipality Finance PLC 0.50 2/22/2019 IDR 68.73
Ipotechny Agent Uralsib 3 3.00 10/15/2047 RUB 28.78
Cooperatieve Centrale Raif 0.50 8/21/2028 MXN 41.77
RZD Rasvytie vokzalov 12.50 10/21/2016 RUB 25.25
Kommunalbanken AS 0.50 2/23/2018 BRL 73.87
Kommunalbanken AS 0.50 2/2/2018 BRL 74.42
Windreich GmbH 6.25 3/1/2015 EUR 10.88
SG Issuer SA 4.30 7/10/2020 EUR 60.80
KPNQwest NV 8.88 2/1/2008 EUR 0.50
KPNQwest NV 7.13 6/1/2009 EUR 0.50
Goldman Sachs & Co Wertpap 5.00 1/20/2016 EUR 70.28
Heta Asset Resolution AG 0.22 2/10/2018 EUR 65.50
City of Predeal Romania 2.50 5/15/2026 RON 60.00
Lehman Brothers Treasury C 5.25 4/1/2023 EUR 3.05
Svensk Exportkredit AB 0.50 12/17/2027 USD 72.63
Lehman Brothers Treasury C 4.15 8/25/2020 EUR 3.05
Credit Suisse AG/London 7.00 2/16/2016 USD 70.36
UBS AG 19.50 12/29/2015 EUR 65.54
UBS AG 7.00 12/29/2015 EUR 61.79
Deutsche Bank AG 6.20 1/19/2016 EUR 55.30
LBBW 2.60 12/23/2016 EUR 61.29
Barclays Bank PLC 2.30 9/13/2016 EUR 53.88
JP Morgan Structured Produ 13.00 11/25/2024 ZMW
Deutsche Bank AG 7.20 3/22/2016 EUR 56.20
DZ Bank AG Deutsche Zentra 9.25 6/20/2016 EUR 44.52
UniCredit Bank AG 5.40 6/30/2017 EUR 74.59
UBS AG/London 6.50 6/10/2016 USD 60.46
Bank Julius Baer & Co Ltd/ 10.00 6/13/2016 USD 71.00
Bank Julius Baer & Co Ltd/ 7.30 6/13/2016 USD 67.80
UniCredit Bank AG 4.80 3/24/2016 EUR 68.28
EFG International Finance 7.20 2/25/2019 EUR 62.71
UBS AG/London 7.00 5/22/2017 CHF 51.07
Bank Julius Baer & Co Ltd/ 11.10 4/14/2016 EUR 58.50
UTair-Finans OOO 13.00 11/13/2015 RUB 30.00
Lehman Brothers Treasury C 2.00 11/16/2009 EUR 3.05
Lehman Brothers Treasury C 4.25 3/13/2021 EUR 3.05
Lehman Brothers Treasury C 4.69 2/19/2017 EUR 3.05
Immigon Portfolioabbau AG 4.50 10/21/2020 EUR 56.00
Immigon Portfolioabbau AG 5.20 4/1/2020 EUR 61.75
Lehman Brothers Treasury C 7.60 3/4/2010 NZD 3.05
Bamble Sparebank 2.42 NOK 51.85
Lehman Brothers Treasury C 6.00 10/24/2008 EUR 3.05
Lehman Brothers Treasury C 5.22 3/1/2024 EUR 3.05
Lehman Brothers Treasury C 4.60 10/11/2017 ILS 13.88
Immigon Portfolioabbau AG 3.09 10/15/2020 EUR 51.50
HSBC Bank PLC 0.50 1/29/2027 NZD 52.16
Svensk Exportkredit AB 0.50 6/29/2029 AUD 68.52
Rusfinans Bank OOO 11.40 10/2/2019 RUB 60.02
Bank Julius Baer & Co Ltd/ 8.50 12/1/2015 USD 68.10
LBBW 4.25 3/29/2016 EUR 55.35
Soyuz AKB OAO 13.00 11/22/2019 RUB 60.11
UBS AG 4.75 6/24/2016 EUR 63.15
UniCredit Bank AG 3.85 9/22/2020 EUR 71.64
Leonteq Securities AG/Guer 6.58 3/29/2016 EUR 74.75
LBBW 5.50 9/23/2016 EUR 76.37
Kommunekredit 0.50 5/11/2029 CAD 66.52
Vontobel Financial Product 10.50 12/23/2016 EUR 68.21
Landesbank Hessen-Thuering 3.30 6/14/2017 EUR 70.40
Deutsche Bank AG 8.20 5/25/2016 EUR 44.60
Credit Suisse AG/Nassau 8.00 11/21/2016 EUR 51.15
Vontobel Financial Product 5.50 6/24/2016 EUR 46.12
Deutsche Bank AG 5.20 6/21/2016 EUR 49.00
Vontobel Financial Product 7.00 6/24/2016 EUR 50.19
BNP Paribas Emissions- und 5.50 12/22/2016 EUR 55.85
EFG International Finance 9.10 3/23/2016 USD 48.13
Goldman Sachs & Co Wertpap 9.00 9/21/2016 EUR 73.24
Credit Suisse AG/Nassau 6.25 10/17/2016 EUR 43.34
Credit Suisse AG/Nassau 6.00 12/2/2016 EUR 48.21
Lehman Brothers Treasury C 0.50 2/16/2009 EUR 3.05
Lehman Brothers Treasury C 7.75 2/21/2016 EUR 3.05
TGK-1 OAO 12.90 2/14/2022 RUB 60.02
EFG International Finance 6.00 11/30/2017 EUR 40.13
Raiffeisen Centrobank AG 2.40 12/19/2016 EUR 54.76
Leonteq Securities AG/Guer 5.60 11/20/2015 GBP 33.39
Leonteq Securities AG/Guer 7.60 11/20/2015 USD 31.03
Fonciere Volta SA 4.50 7/30/2020 EUR 2.46
Kaupthing Bank Hf 7.00 7/24/2009 ISK 20.00
LBI HF 8.65 5/1/2011 ISK 8.50
LBI HF 5.08 3/1/2013 ISK 8.50
Glitnir HF 6.00 12/10/2009 ISK 0.02
Glitnir HF 6.20 12/20/2009 ISK 0.02
Lehman Brothers Treasury C 3.00 6/23/2009 EUR 13.88
Kaupthing Bank Hf 6.50 10/8/2010 ISK 20.00
Rinol AG 5.50 10/15/2006 DEM 0.58
Glitnir HF 5.35 5/11/2010 USD 27.13
EFG International Finance 12.86 10/30/2017 EUR 55.44
Societe Generale Effekten 5.00 11/7/2016 EUR 72.10
Raiffeisen Centrobank AG 2.80 11/14/2016 EUR 51.30
Immigon Portfolioabbau AG 4.90 8/18/2025 EUR 61.30
Leonteq Securities AG/Guer 6.25 11/13/2015 CHF 51.22
Barclays Bank PLC 2.50 3/7/2017 EUR 56.34
Glitnir HF 6.33 7/28/2011 USD 27.13
Lehman Brothers Treasury C 7.59 11/22/2009 MXN 13.88
Glitnir HF 6.31 7/28/2011 USD 27.13
Glitnir HF 6.31 7/28/2011 USD 27.13
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 68.60
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 61.84
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 57.86
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 54.82
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 50.79
Goldman Sachs & Co Wertpap 7.00 12/23/2015 EUR 75.58
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 64.16
Goldman Sachs & Co Wertpap 6.00 12/23/2015 EUR 60.50
Goldman Sachs & Co Wertpap 9.00 12/23/2015 EUR 51.69
UBS AG 6.75 12/29/2015 EUR 75.18
LBBW 3.50 9/23/2016 EUR 69.63
LBBW 3.30 9/23/2016 EUR 72.53
LBBW 3.30 12/23/2016 EUR 65.46
Leonteq Securities AG/Guer 11.60 11/24/2015 CHF 70.25
Goldman Sachs & Co Wertpap 22.00 11/25/2015 EUR 61.62
Leonteq Securities AG/Guer 9.80 11/24/2015 EUR 53.07
DZ Bank AG Deutsche Zentra 5.40 3/21/2016 EUR 60.45
DZ Bank AG Deutsche Zentra 6.00 11/27/2015 EUR 48.50
HSBC Trinkaus & Burkhardt 9.50 11/27/2015 EUR 50.20
Deutsche Bank AG 6.80 11/25/2015 EUR 74.71
Deutsche Bank AG 6.20 11/25/2015 EUR 75.00
Deutsche Bank AG 5.20 11/25/2015 EUR 69.60
HSBC Trinkaus & Burkhardt 13.60 12/28/2015 EUR 54.82
HSBC Trinkaus & Burkhardt 9.30 12/28/2015 EUR 58.79
HSBC Trinkaus & Burkhardt 17.00 12/28/2015 EUR 75.54
Deutsche Bank AG 5.20 11/25/2015 EUR 75.00
Deutsche Bank AG 7.20 6/21/2016 EUR 64.20
HSBC Trinkaus & Burkhardt 16.40 12/28/2015 EUR 73.46
Vontobel Financial Product 7.80 12/28/2015 EUR 53.72
Vontobel Financial Product 6.70 12/28/2015 EUR 55.04
Vontobel Financial Product 5.70 12/28/2015 EUR 56.45
Commerzbank AG 3.00 12/3/2015 EUR 56.34
Deutsche Bank AG 6.20 11/25/2015 EUR 51.90
Deutsche Bank AG 6.20 11/25/2015 EUR 50.00
Deutsche Bank AG 5.20 11/25/2015 EUR 48.20
Deutsche Bank AG 6.20 11/25/2015 EUR 48.20
Deutsche Bank AG 6.20 3/22/2016 EUR 53.90
Deutsche Bank AG 5.20 11/25/2015 EUR 57.40
Deutsche Bank AG 6.20 11/25/2015 EUR 57.50
Deutsche Bank AG 5.20 11/25/2015 EUR 54.30
Deutsche Bank AG 6.20 11/25/2015 EUR 54.30
Deutsche Bank AG 6.20 3/22/2016 EUR 50.20
Deutsche Bank AG 7.20 3/22/2016 EUR 71.80
Vontobel Financial Product 6.55 12/11/2015 EUR 50.86
Deutsche Bank AG 7.20 11/25/2015 EUR 69.70
Vontobel Financial Product 5.30 12/11/2015 EUR 56.47
Commerzbank AG 12.00 11/26/2015 EUR 64.65
Commerzbank AG 8.50 11/26/2015 EUR 72.26
Deutsche Bank AG 7.20 3/22/2016 EUR 52.40
Deutsche Bank AG 7.20 11/25/2015 EUR 54.40
Deutsche Bank AG 7.20 11/25/2015 EUR 48.30
UniCredit Bank AG 4.00 6/24/2016 EUR 70.00
UniCredit Bank AG 4.10 6/24/2016 EUR 48.39
UniCredit Bank AG 4.00 6/24/2016 EUR 50.25
UniCredit Bank AG 4.25 6/24/2016 EUR 46.74
DZ Bank AG Deutsche Zentra 5.75 3/21/2016 EUR 67.83
DZ Bank AG Deutsche Zentra 9.75 12/21/2015 EUR 49.85
Deutsche Bank AG 6.20 3/22/2016 EUR 56.00
DZ Bank AG Deutsche Zentra 5.25 12/28/2015 EUR 71.94
HSBC Trinkaus & Burkhardt 12.80 12/28/2015 EUR 50.37
Deutsche Bank AG 4.20 11/25/2015 EUR 61.00
Deutsche Bank AG 3.20 12/22/2015 EUR 61.20
Deutsche Bank AG 4.20 3/22/2016 EUR 62.30
Deutsche Bank AG 4.20 3/22/2016 EUR 57.40
Deutsche Bank AG 3.20 11/25/2015 EUR 60.90
Deutsche Bank AG 3.20 3/22/2016 EUR 61.90
Deutsche Bank AG 4.20 11/25/2015 EUR 56.10
Deutsche Bank AG 4.20 12/22/2015 EUR 56.40
Deutsche Bank AG 3.20 3/22/2016 EUR 57.00
Vontobel Financial Product 6.50 12/18/2015 EUR 49.80
DZ Bank AG Deutsche Zentra 5.25 12/21/2015 EUR 60.71
DZ Bank AG Deutsche Zentra 5.25 3/21/2016 EUR 61.96
DZ Bank AG Deutsche Zentra 5.70 12/21/2015 EUR 67.39
Leonteq Securities AG 11.00 12/15/2015 USD 55.00
DZ Bank AG Deutsche Zentra 6.50 3/29/2016 EUR 51.19
DZ Bank AG Deutsche Zentra 5.60 3/21/2016 EUR 68.62
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 53.39
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 60.91
Vontobel Financial Product 6.00 1/22/2016 EUR 60.19
DZ Bank AG Deutsche Zentra 6.25 12/21/2015 EUR 71.48
DZ Bank AG Deutsche Zentra 6.50 3/21/2016 EUR 72.73
DZ Bank AG Deutsche Zentra 6.00 3/21/2016 EUR 72.55
Commerzbank AG 14.25 12/24/2015 EUR 71.29
Commerzbank AG 7.50 12/24/2015 EUR 58.64
Commerzbank AG 9.50 12/24/2015 EUR 55.89
UniCredit Bank AG 4.28 1/20/2016 EUR 51.04
HSBC Trinkaus & Burkhardt 6.50 12/28/2015 EUR 59.89
HSBC Trinkaus & Burkhardt 8.80 11/27/2015 EUR 56.52
HSBC Trinkaus & Burkhardt 6.90 3/25/2016 EUR 56.22
HSBC Trinkaus & Burkhardt 7.90 11/27/2015 EUR 54.69
HSBC Trinkaus & Burkhardt 10.40 12/28/2015 EUR 73.57
HSBC Trinkaus & Burkhardt 13.20 11/27/2015 EUR 69.19
HSBC Trinkaus & Burkhardt 16.00 12/28/2015 EUR 59.30
HSBC Trinkaus & Burkhardt 7.10 3/25/2016 EUR 69.47
HSBC Trinkaus & Burkhardt 8.10 11/27/2015 EUR 67.37
HSBC Trinkaus & Burkhardt 15.40 12/28/2015 EUR 53.70
HSBC Trinkaus & Burkhardt 8.40 11/27/2015 EUR 59.66
DZ Bank AG Deutsche Zentra 9.50 12/28/2015 EUR 52.15
DZ Bank AG Deutsche Zentra 8.75 6/24/2016 EUR 54.81
DZ Bank AG Deutsche Zentra 8.75 6/24/2016 EUR 70.90
DZ Bank AG Deutsche Zentra 10.50 6/24/2016 EUR 54.78
Zurcher Kantonalbank Finan 10.50 1/7/2016 EUR 57.24
DZ Bank AG Deutsche Zentra 5.20 12/21/2015 EUR 63.02
DZ Bank AG Deutsche Zentra 4.90 3/21/2016 EUR 64.14
DZ Bank AG Deutsche Zentra 7.00 12/28/2015 EUR 58.73
DZ Bank AG Deutsche Zentra 11.25 12/28/2015 EUR 53.92
DZ Bank AG Deutsche Zentra 6.25 12/28/2015 EUR 59.35
DZ Bank AG Deutsche Zentra 6.50 12/28/2015 EUR 59.46
DZ Bank AG Deutsche Zentra 10.50 12/28/2015 EUR 55.08
DZ Bank AG Deutsche Zentra 5.50 3/29/2016 EUR 60.60
DZ Bank AG Deutsche Zentra 8.25 12/28/2015 EUR 72.96
DZ Bank AG Deutsche Zentra 6.50 3/29/2016 EUR 74.02
DZ Bank AG Deutsche Zentra 9.20 11/25/2015 EUR 74.91
Deutsche Bank AG 8.20 3/22/2016 EUR 57.10
Deutsche Bank AG 8.20 6/22/2016 EUR 58.50
Deutsche Bank AG 8.20 12/22/2015 EUR 55.00
Deutsche Bank AG 8.20 12/20/2016 EUR 74.20
Deutsche Bank AG 8.20 12/22/2015 EUR 50.70
Goldman Sachs & Co Wertpap 7.00 1/20/2016 EUR 59.11
Commerzbank AG 9.00 12/24/2015 EUR 74.42
Commerzbank AG 10.00 12/24/2015 EUR 72.72
Commerzbank AG 4.75 12/24/2015 EUR 63.79
Commerzbank AG 5.50 12/24/2015 EUR 62.01
Commerzbank AG 6.25 12/24/2015 EUR 60.36
Commerzbank AG 7.25 12/24/2015 EUR 58.83
Commerzbank AG 8.25 12/24/2015 EUR 57.37
Commerzbank AG 9.25 12/24/2015 EUR 56.01
Commerzbank AG 10.25 12/24/2015 EUR 54.73
Commerzbank AG 11.25 12/24/2015 EUR 53.50
Commerzbank AG 4.25 12/24/2015 EUR 63.80
Commerzbank AG 5.25 12/24/2015 EUR 62.16
Commerzbank AG 6.00 12/24/2015 EUR 60.59
Commerzbank AG 7.00 12/24/2015 EUR 59.13
Commerzbank AG 8.00 12/24/2015 EUR 57.76
Commerzbank AG 9.00 12/24/2015 EUR 56.46
Commerzbank AG 5.25 12/24/2015 EUR 67.25
Commerzbank AG 6.25 12/24/2015 EUR 65.62
Commerzbank AG 7.25 12/24/2015 EUR 64.07
Commerzbank AG 8.50 12/24/2015 EUR 62.65
Vontobel Financial Product 5.90 12/28/2015 EUR 62.62
Deutsche Bank AG 8.20 3/22/2016 EUR 72.20
Deutsche Bank AG 8.20 3/22/2016 EUR 52.80
Deutsche Bank AG 8.20 12/20/2016 EUR 57.20
Deutsche Bank AG 8.20 12/20/2016 EUR 62.40
Deutsche Bank AG 8.20 12/22/2015 EUR 70.40
Deutsche Bank AG 8.20 6/22/2016 EUR 53.20
Deutsche Bank AG 8.20 6/22/2016 EUR 70.90
Vontobel Financial Product 5.85 12/28/2015 EUR 70.03
Vontobel Financial Product 5.20 12/28/2015 EUR 65.87
Zurcher Kantonalbank Finan 9.00 12/16/2015 EUR 51.40
Vontobel Financial Product 6.50 12/28/2015 EUR 59.62
Commerzbank AG 7.00 11/26/2015 EUR 69.30
Commerzbank AG 7.50 11/26/2015 EUR 47.26
DZ Bank AG Deutsche Zentra 7.50 12/21/2015 EUR 49.60
DZ Bank AG Deutsche Zentra 5.25 12/21/2015 EUR 65.56
DZ Bank AG Deutsche Zentra 5.00 12/21/2015 EUR 65.53
Vontobel Financial Product 4.80 12/28/2015 EUR 57.97
Commerzbank AG 5.50 11/26/2015 EUR 71.04
Commerzbank AG 6.00 11/26/2015 EUR 56.38
Commerzbank AG 8.25 11/26/2015 EUR 53.67
Commerzbank AG 6.25 11/26/2015 EUR 61.13
Credit Suisse AG/Nassau 6.50 12/7/2015 EUR 68.20
Credit Suisse AG/London 7.50 6/13/2016 EUR 56.58
Vontobel Financial Product 8.55 12/28/2015 EUR 65.79
Vontobel Financial Product 3.55 12/28/2015 EUR 75.00
UBS AG 11.40 12/7/2015 EUR 68.04
DZ Bank AG Deutsche Zentra 5.00 3/21/2016 EUR 66.62
DZ Bank AG Deutsche Zentra 5.00 3/21/2016 EUR 66.62
Commerzbank AG 7.25 11/26/2015 EUR 68.20
Commerzbank AG 9.00 11/26/2015 EUR 65.54
Commerzbank AG 5.75 11/26/2015 EUR 51.71
Commerzbank AG 7.75 11/26/2015 EUR 49.08
Commerzbank AG 10.00 11/26/2015 EUR 46.73
Commerzbank AG 8.50 11/26/2015 EUR 57.66
Commerzbank AG 5.50 11/26/2015 EUR 54.47
DZ Bank AG Deutsche Zentra 6.00 6/24/2016 EUR 66.58
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 65.16
Goldman Sachs & Co Wertpap 7.00 12/23/2015 EUR 65.58
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 65.90
Goldman Sachs & Co Wertpap 5.00 1/20/2016 EUR 65.70
Goldman Sachs & Co Wertpap 8.00 1/20/2016 EUR 66.29
Goldman Sachs & Co Wertpap 9.00 1/20/2016 EUR 66.48
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 64.81
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 66.04
Goldman Sachs & Co Wertpap 9.00 6/22/2016 EUR 67.27
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 66.66
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 47.40
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 48.18
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 48.49
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 47.87
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 49.72
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 49.09
Goldman Sachs & Co Wertpap 7.00 1/20/2016 EUR 55.57
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 55.37
Goldman Sachs & Co Wertpap 8.00 1/20/2016 EUR 55.76
Goldman Sachs & Co Wertpap 8.00 1/20/2016 EUR 55.76
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 57.54
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 58.15
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 58.15
Vontobel Financial Product 7.40 3/11/2016 EUR 54.44
DZ Bank AG Deutsche Zentra 5.20 3/21/2016 EUR 70.93
Vontobel Financial Product 6.50 12/28/2015 EUR 68.29
Commerzbank AG 8.25 11/26/2015 EUR 53.18
Goldman Sachs & Co Wertpap 14.00 11/25/2015 EUR 61.30
Goldman Sachs & Co Wertpap 17.00 11/25/2015 EUR 57.85
Goldman Sachs & Co Wertpap 20.00 12/23/2015 EUR 56.37
Goldman Sachs & Co Wertpap 7.00 1/20/2016 EUR 70.77
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 66.77
Goldman Sachs & Co Wertpap 15.00 1/20/2016 EUR 60.14
Goldman Sachs & Co Wertpap 19.00 1/20/2016 EUR 57.75
Goldman Sachs & Co Wertpap 14.00 3/23/2016 EUR 62.42
Goldman Sachs & Co Wertpap 17.00 3/23/2016 EUR 60.36
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 74.01
Goldman Sachs & Co Wertpap 15.00 6/22/2016 EUR 61.24
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 48.26
Vontobel Financial Product 7.85 5/9/2016 EUR 67.87
UBS AG/London 9.25 12/10/2015 CHF 54.53
Commerzbank AG 10.25 11/26/2015 EUR 74.44
Commerzbank AG 13.25 11/26/2015 EUR 68.92
Goldman Sachs & Co Wertpap 5.00 1/20/2016 EUR 47.21
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 47.40
Goldman Sachs & Co Wertpap 8.00 1/20/2016 EUR 47.79
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 48.18
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 48.18
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 50.95
Goldman Sachs & Co Wertpap 5.00 1/20/2016 EUR 55.18
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 58.77
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 58.77
Notenstein Privatbank AG 8.20 12/19/2016 EUR 64.56
Zurcher Kantonalbank Finan 9.35 12/16/2015 EUR 57.45
Commerzbank AG 5.00 11/26/2015 EUR 60.06
Zurcher Kantonalbank Finan 8.60 12/23/2015 EUR 58.44
Vontobel Financial Product 7.50 1/15/2016 EUR 56.23
Deutsche Bank AG 5.34 6/30/2016 EUR 54.64
Vontobel Financial Product 9.20 12/28/2015 EUR 65.88
Vontobel Financial Product 6.00 6/24/2016 EUR 55.86
Deutsche Bank AG 5.20 6/22/2016 EUR 51.30
Deutsche Bank AG 5.20 6/22/2016 EUR 49.60
Deutsche Bank AG 7.20 11/25/2015 EUR 65.10
Deutsche Bank AG 6.20 6/22/2016 EUR 65.50
Deutsche Bank AG 7.20 6/22/2016 EUR 66.10
Deutsche Bank AG 6.20 3/22/2016 EUR 67.00
DZ Bank AG Deutsche Zentra 7.00 12/28/2015 EUR 73.64
Vontobel Financial Product 5.00 1/22/2016 EUR 57.01
Notenstein Privatbank AG 8.00 12/29/2016 EUR 63.34
Leonteq Securities AG/Guer 13.40 12/29/2015 USD 69.63
Goldman Sachs & Co Wertpap 23.00 12/23/2015 EUR 56.73
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 74.63
Goldman Sachs & Co Wertpap 21.00 1/20/2016 EUR 58.13
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 71.23
Goldman Sachs & Co Wertpap 17.00 6/22/2016 EUR 62.48
Deutsche Bank AG 4.20 12/22/2015 EUR 54.20
Deutsche Bank AG 4.20 6/22/2016 EUR 54.50
Deutsche Bank AG 3.20 3/22/2016 EUR 54.80
Deutsche Bank AG 4.20 3/22/2016 EUR 55.20
Deutsche Bank AG 7.20 11/25/2015 EUR 46.60
Deutsche Bank AG 7.20 3/22/2016 EUR 49.00
Deutsche Bank AG 7.20 6/22/2016 EUR 49.30
Deutsche Bank AG 6.20 6/22/2016 EUR 57.20
Deutsche Bank AG 7.20 6/22/2016 EUR 57.90
Deutsche Bank AG 5.20 3/22/2016 EUR 71.90
Deutsche Bank AG 6.20 3/22/2016 EUR 68.40
Deutsche Bank AG 6.20 6/22/2016 EUR 73.50
Deutsche Bank AG 6.20 6/22/2016 EUR 69.80
Deutsche Bank AG 5.20 6/22/2016 EUR 69.20
Bank J Safra Sarasin AG/Gu 5.75 12/17/2015 CHF 53.39
Goldman Sachs & Co Wertpap 12.00 11/25/2015 EUR 65.25
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 66.05
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 66.05
Goldman Sachs & Co Wertpap 11.00 1/20/2016 EUR 66.87
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 65.43
Goldman Sachs & Co Wertpap 7.00 1/20/2016 EUR 49.25
Goldman Sachs & Co Wertpap 9.00 1/20/2016 EUR 55.95
Goldman Sachs & Co Wertpap 9.00 1/20/2016 EUR 55.95
UBS AG/London 10.75 12/17/2015 CHF 71.71
Deutsche Bank AG 7.20 3/22/2016 EUR 67.30
Deutsche Bank AG 6.20 11/25/2015 EUR 65.10
DZ Bank AG Deutsche Zentra 5.50 12/28/2015 EUR
DZ Bank AG Deutsche Zentra 6.00 6/24/2016 EUR 51.98
DZ Bank AG Deutsche Zentra 7.00 6/24/2016 EUR 48.57
Commerzbank AG 8.50 11/26/2015 EUR 77.42
Vontobel Financial Product 5.50 1/15/2016 EUR 55.51
Goldman Sachs & Co Wertpap 15.00 1/20/2016 EUR 67.74
Goldman Sachs & Co Wertpap 18.00 1/20/2016 EUR 64.29
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 72.46
Goldman Sachs & Co Wertpap 15.00 6/22/2016 EUR 67.60
Goldman Sachs & Co Wertpap 6.00 11/25/2015 EUR 64.10
Goldman Sachs & Co Wertpap 18.00 11/25/2015 EUR 46.98
Goldman Sachs & Co Wertpap 23.00 12/23/2015 EUR 44.66
Goldman Sachs & Co Wertpap 19.00 12/23/2015 EUR 46.98
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 62.16
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 55.65
Goldman Sachs & Co Wertpap 15.00 1/20/2016 EUR 50.88
Goldman Sachs & Co Wertpap 18.00 1/20/2016 EUR 48.27
Goldman Sachs & Co Wertpap 19.00 3/23/2016 EUR 49.01
Goldman Sachs & Co Wertpap 22.00 1/20/2016 EUR 46.26
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 65.40
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 63.42
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 59.24
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 58.40
Goldman Sachs & Co Wertpap 18.00 6/22/2016 EUR 52.00
Goldman Sachs & Co Wertpap 15.00 6/22/2016 EUR 52.85
Landesbank Hessen-Thuering 4.00 2/6/2019 EUR 61.05
Notenstein Privatbank AG 8.50 1/16/2017 EUR 65.31
DZ Bank AG Deutsche Zentra 6.20 12/21/2015 EUR 55.32
DZ Bank AG Deutsche Zentra 5.50 3/21/2016 EUR 56.60
DZ Bank AG Deutsche Zentra 5.30 12/21/2015 EUR 74.61
DZ Bank AG Deutsche Zentra 5.90 12/21/2015 EUR 73.03
DZ Bank AG Deutsche Zentra 5.60 3/21/2016 EUR 74.04
Deutsche Bank AG 5.20 1/19/2016 EUR 55.10
Deutsche Bank AG 4.20 1/19/2016 EUR 54.80
Deutsche Bank AG 4.20 2/23/2016 EUR 62.00
Deutsche Bank AG 5.20 2/23/2016 EUR 62.30
Deutsche Bank AG 4.20 2/23/2016 EUR 58.40
Deutsche Bank AG 5.20 2/23/2016 EUR 58.70
Deutsche Bank AG 4.20 2/23/2016 EUR 55.20
Deutsche Bank AG 5.20 2/23/2016 EUR 55.50
Deutsche Bank AG 6.20 1/19/2016 EUR 73.10
Deutsche Bank AG 7.20 1/19/2016 EUR 73.30
Deutsche Bank AG 7.20 1/19/2016 EUR 70.80
Deutsche Bank AG 6.20 1/19/2016 EUR 70.60
Deutsche Bank AG 6.20 2/23/2016 EUR 73.50
Deutsche Bank AG 7.20 2/23/2016 EUR 73.80
Deutsche Bank AG 6.20 2/23/2016 EUR 71.00
Deutsche Bank AG 7.20 2/23/2016 EUR 71.30
Deutsche Bank AG 6.20 1/19/2016 EUR 57.10
Deutsche Bank AG 7.20 1/19/2016 EUR 57.40
Deutsche Bank AG 7.20 1/19/2016 EUR 55.10
Deutsche Bank AG 6.20 1/19/2016 EUR 54.90
Deutsche Bank AG 6.20 1/19/2016 EUR 52.90
Deutsche Bank AG 7.20 1/19/2016 EUR 53.10
Deutsche Bank AG 7.20 2/23/2016 EUR 58.00
Deutsche Bank AG 6.20 2/23/2016 EUR 57.70
Deutsche Bank AG 7.20 2/23/2016 EUR 55.80
Deutsche Bank AG 6.20 2/23/2016 EUR 55.50
Deutsche Bank AG 7.20 2/23/2016 EUR 53.70
Deutsche Bank AG 6.20 2/23/2016 EUR 53.40
Deutsche Bank AG 6.20 1/19/2016 EUR 62.00
Deutsche Bank AG 7.20 1/19/2016 EUR 62.20
Deutsche Bank AG 6.20 1/19/2016 EUR 58.40
Deutsche Bank AG 7.20 1/19/2016 EUR 58.60
Deutsche Bank AG 7.20 1/19/2016 EUR 55.50
Deutsche Bank AG 6.20 1/19/2016 EUR 55.30
Deutsche Bank AG 7.20 2/23/2016 EUR 62.90
Deutsche Bank AG 6.20 2/23/2016 EUR 62.60
Deutsche Bank AG 7.20 2/23/2016 EUR 59.30
Deutsche Bank AG 6.20 2/23/2016 EUR 59.00
Deutsche Bank AG 7.20 2/23/2016 EUR 56.10
Deutsche Bank AG 6.20 2/23/2016 EUR 55.80
Deutsche Bank AG 7.20 11/25/2015 EUR 75.10
Deutsche Bank AG 6.20 11/25/2015 EUR 72.30
Deutsche Bank AG 7.20 11/25/2015 EUR 72.30
Deutsche Bank AG 7.20 11/25/2015 EUR 56.30
Deutsche Bank AG 7.20 11/25/2015 EUR 54.00
Deutsche Bank AG 7.20 11/25/2015 EUR 52.00
Deutsche Bank AG 7.20 11/25/2015 EUR 61.10
Deutsche Bank AG 6.20 11/25/2015 EUR 61.10
Deutsche Bank AG 7.20 11/25/2015 EUR 57.60
Deutsche Bank AG 7.20 3/22/2016 EUR 74.20
Deutsche Bank AG 7.20 3/22/2016 EUR 58.50
Deutsche Bank AG 6.20 3/22/2016 EUR 58.20
Deutsche Bank AG 7.20 3/22/2016 EUR 56.30
Deutsche Bank AG 7.20 3/22/2016 EUR 54.30
Deutsche Bank AG 7.20 3/22/2016 EUR 63.40
Deutsche Bank AG 7.20 3/22/2016 EUR 59.90
Goldman Sachs & Co Wertpap 13.00 11/25/2015 EUR 69.91
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 70.48
Goldman Sachs & Co Wertpap 8.00 1/20/2016 EUR 70.87
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 71.26
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 71.65
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 73.04
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 68.95
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 70.80
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 72.03
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 72.03
Goldman Sachs & Co Wertpap 6.00 11/25/2015 EUR 51.81
Goldman Sachs & Co Wertpap 7.00 11/25/2015 EUR 51.85
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 52.73
Goldman Sachs & Co Wertpap 7.00 1/20/2016 EUR 52.93
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 53.51
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 53.90
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 53.90
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 55.52
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 55.52
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 53.62
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 54.27
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 56.05
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 56.08
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 55.85
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 56.70
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 56.70
Goldman Sachs & Co Wertpap 12.00 11/25/2015 EUR 54.66
Goldman Sachs & Co Wertpap 12.00 11/25/2015 EUR 54.66
Goldman Sachs & Co Wertpap 11.00 1/20/2016 EUR 56.34
Goldman Sachs & Co Wertpap 11.00 1/20/2016 EUR 56.34
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 60.00
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 60.00
Deutsche Bank AG 4.20 1/19/2016 EUR 72.70
Deutsche Bank AG 5.20 1/19/2016 EUR 70.40
Deutsche Bank AG 5.20 1/19/2016 EUR 72.90
Deutsche Bank AG 4.20 1/19/2016 EUR 70.20
Deutsche Bank AG 4.20 2/23/2016 EUR 70.50
Deutsche Bank AG 5.20 2/23/2016 EUR 73.20
Deutsche Bank AG 4.20 2/23/2016 EUR 72.90
Deutsche Bank AG 5.20 2/23/2016 EUR 70.70
Deutsche Bank AG 5.20 1/19/2016 EUR 59.40
Deutsche Bank AG 4.20 1/19/2016 EUR 59.20
Deutsche Bank AG 5.20 1/19/2016 EUR 56.90
Deutsche Bank AG 4.20 1/19/2016 EUR 56.70
Deutsche Bank AG 4.20 1/19/2016 EUR 54.50
Deutsche Bank AG 5.20 1/19/2016 EUR 54.70
Deutsche Bank AG 5.20 1/19/2016 EUR 52.60
Deutsche Bank AG 4.20 1/19/2016 EUR 52.40
Deutsche Bank AG 5.20 2/23/2016 EUR 59.80
Deutsche Bank AG 4.20 2/23/2016 EUR 59.50
Deutsche Bank AG 5.20 2/23/2016 EUR 57.40
Deutsche Bank AG 4.20 2/23/2016 EUR 57.10
Deutsche Bank AG 4.20 2/23/2016 EUR 54.90
Deutsche Bank AG 5.20 2/23/2016 EUR 55.20
Deutsche Bank AG 5.20 2/23/2016 EUR 53.10
Deutsche Bank AG 4.20 2/23/2016 EUR 52.80
Deutsche Bank AG 5.20 1/19/2016 EUR 61.80
Deutsche Bank AG 4.20 1/19/2016 EUR 61.60
Deutsche Bank AG 5.20 1/19/2016 EUR 58.20
Deutsche Bank AG 4.20 1/19/2016 EUR 58.00
Deutsche Bank AG 6.20 11/25/2015 EUR 46.60
Deutsche Bank AG 6.20 3/22/2016 EUR 72.30
Deutsche Bank AG 5.20 3/22/2016 EUR 68.10
Deutsche Bank AG 5.20 6/22/2016 EUR 72.90
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 70.61
Goldman Sachs & Co Wertpap 9.00 6/22/2016 EUR 67.66
Goldman Sachs & Co Wertpap 22.00 12/23/2015 EUR 39.88
Goldman Sachs & Co Wertpap 4.00 1/20/2016 EUR 59.14
Goldman Sachs & Co Wertpap 6.00 1/20/2016 EUR 54.87
Goldman Sachs & Co Wertpap 7.00 1/20/2016 EUR 53.01
Goldman Sachs & Co Wertpap 15.00 1/20/2016 EUR 44.90
Goldman Sachs & Co Wertpap 18.00 1/20/2016 EUR 43.02
Goldman Sachs & Co Wertpap 21.00 1/20/2016 EUR 41.41
Goldman Sachs & Co Wertpap 4.00 6/22/2016 EUR 61.56
Goldman Sachs & Co Wertpap 4.00 6/22/2016 EUR 59.10
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 55.93
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 54.58
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 51.30
Goldman Sachs & Co Wertpap 21.00 11/25/2015 EUR 72.10
Goldman Sachs & Co Wertpap 18.00 1/20/2016 EUR 74.85
Goldman Sachs & Co Wertpap 15.00 6/22/2016 EUR 47.80
Goldman Sachs & Co Wertpap 17.00 6/22/2016 EUR 46.91
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 59.02
Deutsche Bank AG 5.20 6/22/2016 EUR 53.10
Deutsche Bank AG 4.20 11/25/2015 EUR 53.90
Deutsche Bank AG 4.20 3/22/2016 EUR 53.10
Deutsche Bank AG 4.20 11/25/2015 EUR 51.80
Deutsche Bank AG 4.20 12/22/2015 EUR 52.10
Deutsche Bank AG 3.20 3/22/2016 EUR 52.80
Deutsche Bank AG 3.20 6/22/2016 EUR 53.90
Bank Julius Baer & Co Ltd/ 14.20 12/18/2015 USD 42.25
Deutsche Bank AG 3.20 6/22/2016 EUR 51.90
Deutsche Bank AG 4.20 6/22/2016 EUR 52.50
Deutsche Bank AG 3.20 6/22/2016 EUR 61.90
Deutsche Bank AG 4.20 6/22/2016 EUR 62.50
Goldman Sachs & Co Wertpap 5.00 1/20/2016 EUR 62.05
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 63.86
Goldman Sachs & Co Wertpap 21.00 1/20/2016 EUR 75.15
DZ Bank AG Deutsche Zentra 5.50 12/21/2015 EUR 69.89
DZ Bank AG Deutsche Zentra 6.20 12/21/2015 EUR 55.32
DZ Bank AG Deutsche Zentra 5.40 3/21/2016 EUR 56.57
Vontobel Financial Product 8.15 12/11/2015 EUR 60.01
Vontobel Financial Product 6.00 12/11/2015 EUR 63.51
Vontobel Financial Product 7.75 6/10/2016 EUR 73.25
Vontobel Financial Product 4.50 12/11/2015 EUR 61.26
Vontobel Financial Product 4.60 3/11/2016 EUR 62.30
Vontobel Financial Product 6.80 3/11/2016 EUR 58.07
Vontobel Financial Product 5.20 6/10/2016 EUR 62.07
Vontobel Financial Product 7.15 6/10/2016 EUR 58.46
Vontobel Financial Product 4.70 1/15/2016 EUR 58.20
Vontobel Financial Product 10.00 1/15/2016 EUR 51.80
Vontobel Financial Product 3.40 5/13/2016 EUR 62.16
Vontobel Financial Product 5.65 3/11/2016 EUR 64.24
Vontobel Financial Product 7.35 3/11/2016 EUR 61.33
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 43.61
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 45.17
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 45.17
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 45.17
Notenstein Privatbank AG 7.50 9/26/2016 EUR 61.61
Vontobel Financial Product 7.65 12/28/2015 EUR 67.72
Vontobel Financial Product 6.45 12/28/2015 EUR 59.97
Vontobel Financial Product 5.40 12/28/2015 EUR 61.62
Vontobel Financial Product 4.45 12/28/2015 EUR 63.40
DZ Bank AG Deutsche Zentra 6.25 12/11/2015 EUR 49.29
Leonteq Securities AG/Guer 11.20 12/29/2015 CHF 50.07
Leonteq Securities AG/Guer 8.20 12/29/2015 CHF 58.67
Deutsche Bank AG 4.20 12/22/2015 EUR 69.90
Deutsche Bank AG 4.20 12/22/2015 EUR 67.50
Deutsche Bank AG 5.20 6/21/2016 EUR 59.70
Deutsche Bank AG 6.20 3/22/2016 EUR 59.50
Deutsche Bank AG 5.20 6/21/2016 EUR 63.10
Deutsche Bank AG 6.20 6/21/2016 EUR 63.80
Deutsche Bank AG 6.20 3/22/2016 EUR 63.00
Deutsche Bank AG 5.20 3/22/2016 EUR 62.60
Deutsche Bank AG 5.20 3/22/2016 EUR 59.10
Deutsche Bank AG 6.20 6/21/2016 EUR 60.30
UniCredit Bank AG 4.00 12/28/2015 EUR 68.06
UniCredit Bank AG 4.00 12/28/2015 EUR 60.87
UniCredit Bank AG 4.20 12/28/2015 EUR 64.49
UniCredit Bank AG 4.10 12/28/2015 EUR 57.94
UniCredit Bank AG 4.00 12/28/2015 EUR 41.01
UniCredit Bank AG 4.40 12/28/2015 EUR 75.08
Leonteq Securities AG/Guer 13.60 1/6/2016 CHF 47.83
Leonteq Securities AG/Guer 12.60 1/6/2016 USD 57.41
Vontobel Financial Product 2.65 12/11/2015 EUR 67.46
Vontobel Financial Product 5.00 3/11/2016 EUR 62.56
Vontobel Financial Product 4.15 3/11/2016 EUR 64.20
Vontobel Financial Product 3.40 3/11/2016 EUR 65.99
Vontobel Financial Product 2.70 3/11/2016 EUR 67.91
Vontobel Financial Product 5.90 3/11/2016 EUR 61.04
Vontobel Financial Product 5.45 6/10/2016 EUR 63.61
Vontobel Financial Product 3.95 6/10/2016 EUR 66.59
Vontobel Financial Product 6.55 12/11/2015 EUR 59.63
Vontobel Financial Product 4.10 12/11/2015 EUR 49.94
Vontobel Financial Product 4.05 3/11/2016 EUR 50.99
Vontobel Financial Product 3.30 3/11/2016 EUR 52.64
Vontobel Financial Product 5.40 12/11/2015 EUR 61.38
Vontobel Financial Product 4.40 12/11/2015 EUR 63.27
Vontobel Financial Product 3.50 12/11/2015 EUR 65.29
Vontobel Financial Product 6.55 12/11/2015 EUR 69.83
Vontobel Financial Product 4.10 12/11/2015 EUR 74.91
Credit Suisse AG/Nassau 7.00 4/14/2016 EUR 67.59
Notenstein Finance Guernse 8.68 4/1/2016 USD 36.50
DZ Bank AG Deutsche Zentra 4.75 12/11/2015 EUR 59.24
DZ Bank AG Deutsche Zentra 8.50 12/28/2015 EUR 49.87
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 67.51
Goldman Sachs & Co Wertpap 6.00 12/23/2015 EUR 58.07
Deutsche Bank AG 3.20 11/25/2015 EUR 53.80
Deutsche Bank AG 3.20 11/25/2015 EUR 51.80
Deutsche Bank AG 3.20 11/25/2015 EUR 49.90
Deutsche Bank AG 8.20 11/25/2015 EUR 67.40
Deutsche Bank AG 8.20 12/22/2015 EUR 68.00
Deutsche Bank AG 10.00 11/25/2015 EUR 65.30
Deutsche Bank AG 10.00 12/22/2015 EUR 66.00
Deutsche Bank AG 10.00 11/25/2015 EUR 42.40
Deutsche Bank AG 10.00 12/22/2015 EUR 43.20
Deutsche Bank AG 7.20 12/22/2015 EUR 65.80
Deutsche Bank AG 3.20 12/22/2015 EUR 69.80
Deutsche Bank AG 3.20 12/22/2015 EUR 72.40
Deutsche Bank AG 3.20 12/22/2015 EUR 67.40
Deutsche Bank AG 3.20 12/22/2015 EUR 65.20
Deutsche Bank AG 3.20 11/25/2015 EUR 69.60
Deutsche Bank AG 10.00 11/25/2015 EUR 57.70
Deutsche Bank AG 10.00 12/22/2015 EUR 58.50
Notenstein Privatbank AG 8.20 10/20/2016 USD 53.79
Notenstein Privatbank AG 7.50 10/17/2016 EUR 69.97
DZ Bank AG Deutsche Zentra 4.90 12/11/2015 EUR 62.08
DZ Bank AG Deutsche Zentra 5.25 12/11/2015 EUR 58.95
DZ Bank AG Deutsche Zentra 5.00 12/11/2015 EUR 59.26
Norddeutsche Landesbank Gi 3.00 5/6/2016 EUR 58.06
Leonteq Securities AG/Guer 9.00 4/8/2016 USD 4.24
Deutsche Bank AG 3.20 12/22/2015 EUR 72.30
Deutsche Bank AG 3.20 12/22/2015 EUR 75.00
Deutsche Bank AG 3.20 12/22/2015 EUR 54.10
Deutsche Bank AG 3.20 12/22/2015 EUR 52.00
Deutsche Bank AG 3.20 12/22/2015 EUR 50.10
Deutsche Bank AG 3.20 12/22/2015 EUR 48.30
Deutsche Bank AG 3.20 12/22/2015 EUR 46.70
Deutsche Bank AG 4.20 12/22/2015 EUR 72.40
Deutsche Bank AG 4.20 12/22/2015 EUR 42.40
Deutsche Bank AG 5.20 12/22/2015 EUR 42.60
Deutsche Bank AG 4.20 12/22/2015 EUR 45.20
Deutsche Bank AG 4.20 12/22/2015 EUR 61.30
Deutsche Bank AG 6.20 12/22/2015 EUR 42.70
DZ Bank AG Deutsche Zentra 5.80 12/11/2015 EUR 65.08
DZ Bank AG Deutsche Zentra 6.40 12/11/2015 EUR 64.16
Goldman Sachs & Co Wertpap 4.00 11/25/2015 EUR 61.15
Goldman Sachs & Co Wertpap 8.00 11/25/2015 EUR 61.27
Vontobel Financial Product 7.25 12/28/2015 EUR 48.78
Vontobel Financial Product 6.75 12/28/2015 EUR 63.78
Vontobel Financial Product 5.65 12/28/2015 EUR 65.73
Deutsche Bank AG 3.20 11/25/2015 EUR 74.90
Leonteq Securities AG 5.20 11/7/2016 CHF 61.00
Goldman Sachs & Co Wertpap 6.00 11/25/2015 EUR 69.62
Goldman Sachs & Co Wertpap 4.00 11/25/2015 EUR 46.39
Goldman Sachs & Co Wertpap 6.00 11/25/2015 EUR 46.47
Goldman Sachs & Co Wertpap 7.00 11/25/2015 EUR 46.51
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 46.64
Deutsche Bank AG 5.20 11/25/2015 EUR 56.20
Deutsche Bank AG 6.20 11/25/2015 EUR 56.20
Deutsche Bank AG 6.20 11/25/2015 EUR 54.00
Deutsche Bank AG 5.20 11/25/2015 EUR 53.90
Deutsche Bank AG 3.20 12/22/2015 EUR 58.70
DZ Bank AG Deutsche Zentra 7.75 11/27/2015 EUR 67.47
DZ Bank AG Deutsche Zentra 5.75 11/27/2015 EUR 59.43
DZ Bank AG Deutsche Zentra 10.00 11/27/2015 EUR 52.90
Goldman Sachs & Co Wertpap 9.00 12/23/2015 EUR 66.07
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 67.81
Deutsche Bank AG 7.20 12/22/2015 EUR 65.70
Deutsche Bank AG 5.20 12/22/2015 EUR 65.50
Deutsche Bank AG 7.20 12/22/2015 EUR 70.30
Deutsche Bank AG 6.20 12/22/2015 EUR 65.60
Deutsche Bank AG 8.20 12/22/2015 EUR 65.90
Vontobel Financial Product 8.80 12/28/2015 EUR 51.58
Vontobel Financial Product 5.45 12/28/2015 EUR 56.73
DekaBank Deutsche Girozent 4.00 10/21/2016 EUR 63.83
Leonteq Securities AG 3.00 9/19/2019 CHF 70.95
Vontobel Financial Product 7.30 12/28/2015 EUR 61.89
DZ Bank AG Deutsche Zentra 2.80 12/23/2015 EUR 71.16
DZ Bank AG Deutsche Zentra 4.00 12/23/2015 EUR 67.55
DZ Bank AG Deutsche Zentra 5.30 12/23/2015 EUR 64.36
DZ Bank AG Deutsche Zentra 4.80 12/23/2015 EUR 49.73
DZ Bank AG Deutsche Zentra 5.10 12/23/2015 EUR 50.52
DZ Bank AG Deutsche Zentra 5.10 12/23/2015 EUR 48.14
DZ Bank AG Deutsche Zentra 4.40 12/23/2015 EUR 45.84
DZ Bank AG Deutsche Zentra 2.20 12/23/2015 EUR 58.33
DZ Bank AG Deutsche Zentra 3.50 12/23/2015 EUR 55.11
DZ Bank AG Deutsche Zentra 6.40 12/23/2015 EUR 72.41
DZ Bank AG Deutsche Zentra 2.70 12/23/2015 EUR 48.04
DZ Bank AG Deutsche Zentra 4.60 12/23/2015 EUR 46.08
DZ Bank AG Deutsche Zentra 3.20 12/23/2015 EUR 45.91
DZ Bank AG Deutsche Zentra 4.50 12/23/2015 EUR 65.07
DZ Bank AG Deutsche Zentra 5.10 12/23/2015 EUR 62.17
DZ Bank AG Deutsche Zentra 4.90 12/23/2015 EUR 59.30
DZ Bank AG Deutsche Zentra 6.00 12/11/2015 EUR 68.39
DZ Bank AG Deutsche Zentra 4.90 12/11/2015 EUR 70.95
DZ Bank AG Deutsche Zentra 4.40 12/11/2015 EUR 58.13
DZ Bank AG Deutsche Zentra 4.90 12/11/2015 EUR 57.19
BNP Paribas Emissions- und 7.00 1/21/2016 EUR 73.03
Deutsche Bank AG 4.20 12/22/2015 EUR 46.80
Deutsche Bank AG 6.20 3/22/2016 EUR 73.90
Deutsche Bank AG 5.20 3/22/2016 EUR 73.50
Deutsche Bank AG 4.20 12/22/2015 EUR 57.70
Deutsche Bank AG 6.20 3/22/2016 EUR 71.40
Deutsche Bank AG 5.20 3/22/2016 EUR 71.00
Deutsche Bank AG 5.20 6/21/2016 EUR 71.30
Deutsche Bank AG 6.20 6/21/2016 EUR 71.90
Deutsche Bank AG 5.20 6/21/2016 EUR 69.00
Deutsche Bank AG 6.20 6/21/2016 EUR 69.60
Deutsche Bank AG 5.20 3/22/2016 EUR 48.20
Deutsche Bank AG 6.20 3/22/2016 EUR 48.60
Deutsche Bank AG 5.20 3/22/2016 EUR 46.70
Deutsche Bank AG 6.20 3/22/2016 EUR 47.00
Deutsche Bank AG 5.20 6/21/2016 EUR 48.00
Deutsche Bank AG 6.20 6/21/2016 EUR 48.60
Deutsche Bank AG 5.20 6/21/2016 EUR 46.50
Deutsche Bank AG 6.20 6/21/2016 EUR 47.20
Deutsche Bank AG 7.20 12/22/2015 EUR 62.70
Deutsche Bank AG 6.20 12/22/2015 EUR 62.50
Deutsche Bank AG 5.20 12/22/2015 EUR 62.40
HSBC Trinkaus & Burkhardt 6.40 12/28/2015 EUR 70.20
Notenstein Privatbank AG 8.00 10/3/2016 CHF 42.57
Notenstein Privatbank AG 7.00 10/3/2016 EUR 64.03
Leonteq Securities AG/Guer 6.84 9/25/2017 GBP 72.01
Vontobel Financial Product 4.55 12/28/2015 EUR 55.34
Vontobel Financial Product 7.45 12/28/2015 EUR 44.82
Vontobel Financial Product 7.10 12/28/2015 EUR 74.15
Vontobel Financial Product 3.30 12/28/2015 EUR 74.96
DZ Bank AG Deutsche Zentra 6.00 12/11/2015 EUR 68.39
DZ Bank AG Deutsche Zentra 5.25 12/11/2015 EUR 68.32
Notenstein Privatbank AG 5.50 9/26/2016 CHF 61.19
Notenstein Privatbank AG 5.00 9/26/2016 CHF 60.31
DZ Bank AG Deutsche Zentra 5.60 3/30/2017 EUR 48.31
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 56.76
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 56.76
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 57.13
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 57.13
Deutsche Bank AG 5.50 12/22/2015 EUR 69.70
Deutsche Bank AG 4.50 12/22/2015 EUR 69.58
Deutsche Bank AG 4.50 12/22/2015 EUR 55.87
UniCredit Bank AG 4.00 10/14/2019 EUR 59.69
Vontobel Financial Product 6.95 12/28/2015 EUR 70.09
Vontobel Financial Product 8.00 12/28/2015 EUR 43.57
Goldman Sachs & Co Wertpap 5.00 11/25/2015 EUR 69.58
Goldman Sachs & Co Wertpap 8.00 11/25/2015 EUR 69.71
Goldman Sachs & Co Wertpap 6.00 11/25/2015 EUR 74.97
Deutsche Bank AG 6.95 12/22/2015 EUR 62.65
BNP Paribas Emissions- und 9.00 1/21/2016 EUR 63.01
Barclays Bank PLC 8.10 4/15/2016 USD 63.00
DZ Bank AG Deutsche Zentra 6.00 12/11/2015 EUR 70.32
DZ Bank AG Deutsche Zentra 6.75 12/11/2015 EUR 59.08
Leonteq Securities AG/Guer 8.04 4/21/2016 USD 60.42
Deutsche Bank AG 6.20 12/22/2015 EUR 56.70
Deutsche Bank AG 6.20 12/22/2015 EUR 54.50
Deutsche Bank AG 5.20 12/22/2015 EUR 54.30
HSBC Trinkaus & Burkhardt 8.70 12/28/2015 EUR 50.86
Deutsche Bank AG 5.20 11/25/2015 EUR 69.70
Deutsche Bank AG 6.20 11/25/2015 EUR 69.80
Deutsche Bank AG 6.20 12/22/2015 EUR 70.20
Deutsche Bank AG 5.20 12/22/2015 EUR 70.10
HSBC Trinkaus & Burkhardt 7.00 12/28/2015 EUR 65.87
Leonteq Securities AG/Guer 12.40 2/3/2016 CHF 37.76
Vontobel Financial Product 8.70 12/28/2015 EUR 53.91
Vontobel Financial Product 5.05 12/11/2015 EUR 70.07
Vontobel Financial Product 6.15 12/11/2015 EUR 67.76
Vontobel Financial Product 5.70 12/28/2015 EUR 67.74
Vontobel Financial Product 3.05 12/28/2015 EUR 73.48
Vontobel Financial Product 6.75 12/28/2015 EUR 54.47
Vontobel Financial Product 4.15 12/28/2015 EUR 70.14
DZ Bank AG Deutsche Zentra 7.00 12/11/2015 EUR 74.28
Deutsche Bank AG 3.20 11/25/2015 EUR 61.20
Deutsche Bank AG 3.20 12/22/2015 EUR 56.30
Deutsche Bank AG 3.20 11/25/2015 EUR 56.10
Deutsche Bank AG 3.20 11/25/2015 EUR 58.50
Goldman Sachs & Co Wertpap 7.00 11/25/2015 EUR 75.01
Goldman Sachs & Co Wertpap 6.00 11/25/2015 EUR 53.88
Goldman Sachs & Co Wertpap 12.00 11/25/2015 EUR 45.19
Leonteq Securities AG/Guer 12.40 4/27/2016 CHF 58.92
Leonteq Securities AG/Guer 10.40 4/27/2016 CHF 37.58
Leonteq Securities AG/Guer 13.60 4/27/2016 USD 63.74
Notenstein Privatbank AG 7.70 10/24/2016 EUR 69.71
Goldman Sachs & Co Wertpap 7.00 11/25/2015 EUR 61.27
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 61.35
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 61.35
UniCredit Bank AG 5.00 11/26/2015 EUR 49.04
UniCredit Bank AG 4.65 11/26/2015 EUR 68.38
UniCredit Bank AG 4.00 11/26/2015 EUR 52.83
UniCredit Bank AG 5.50 11/26/2015 EUR 47.37
UniCredit Bank AG 4.65 11/26/2015 EUR 50.89
UniCredit Bank AG 4.75 11/26/2015 EUR 50.41
UniCredit Bank AG 4.95 11/26/2015 EUR 66.08
UniCredit Bank AG 4.25 11/26/2015 EUR 72.40
UniCredit Bank AG 4.40 11/26/2015 EUR 69.82
UniCredit Bank AG 4.85 11/26/2015 EUR 49.95
UniCredit Bank AG 4.30 11/26/2015 EUR 71.35
UniCredit Bank AG 4.50 11/26/2015 EUR 69.31
UniCredit Bank AG 4.50 11/26/2015 EUR 51.35
UniCredit Bank AG 5.00 11/26/2015 EUR 74.94
UniCredit Bank AG 5.50 11/26/2015 EUR 72.23
UniCredit Bank AG 4.10 11/26/2015 EUR 74.00
UniCredit Bank AG 4.85 11/26/2015 EUR 66.99
UniCredit Bank AG 5.10 11/26/2015 EUR 64.37
UniCredit Bank AG 4.25 11/26/2015 EUR 51.83
UniCredit Bank AG 5.00 11/26/2015 EUR 65.22
UniCredit Bank AG 4.75 11/26/2015 EUR 67.44
UniCredit Bank AG 5.25 11/26/2015 EUR 48.18
UniCredit Bank AG 4.10 11/26/2015 EUR 52.34
UniCredit Bank AG 5.25 11/26/2015 EUR 73.58
UniCredit Bank AG 5.25 11/26/2015 EUR 63.13
DZ Bank AG Deutsche Zentra 5.60 12/11/2015 EUR 67.99
DZ Bank AG Deutsche Zentra 6.10 12/11/2015 EUR 67.06
DZ Bank AG Deutsche Zentra 7.10 12/11/2015 EUR 65.20
Goldman Sachs & Co Wertpap 4.00 11/25/2015 EUR 74.87
Goldman Sachs & Co Wertpap 7.00 11/25/2015 EUR 75.00
Goldman Sachs & Co Wertpap 8.00 11/25/2015 EUR 51.89
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 51.97
Goldman Sachs & Co Wertpap 6.00 12/23/2015 EUR 52.27
Goldman Sachs & Co Wertpap 7.00 12/23/2015 EUR 52.39
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 52.51
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 52.75
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 52.86
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 52.86
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 54.06
Goldman Sachs & Co Wertpap 5.00 11/25/2015 EUR 64.06
Goldman Sachs & Co Wertpap 8.00 11/25/2015 EUR 58.63
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 54.05
Goldman Sachs & Co Wertpap 13.00 11/25/2015 EUR 50.20
Goldman Sachs & Co Wertpap 6.00 12/23/2015 EUR 61.69
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 54.86
Goldman Sachs & Co Wertpap 13.00 12/23/2015 EUR 51.24
Goldman Sachs & Co Wertpap 5.00 3/23/2016 EUR 65.50
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 63.08
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 60.87
Goldman Sachs & Co Wertpap 10.00 3/23/2016 EUR 55.33
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 53.80
Deutsche Bank AG 7.20 12/22/2015 EUR 59.20
Deutsche Bank AG 6.20 12/22/2015 EUR 59.10
Deutsche Bank AG 5.20 12/22/2015 EUR 59.00
Deutsche Bank AG 7.20 12/22/2015 EUR 56.80
Deutsche Bank AG 7.20 12/22/2015 EUR 54.60
Deutsche Bank AG 8.20 12/22/2015 EUR 54.70
DZ Bank AG Deutsche Zentra 7.00 12/11/2015 EUR 59.10
Notenstein Privatbank AG 10.00 4/29/2016 CHF 53.28
Notenstein Privatbank AG 8.50 10/31/2016 EUR 67.50
DZ Bank AG Deutsche Zentra 9.50 11/27/2015 EUR 58.97
HSBC Trinkaus & Burkhardt 13.50 12/28/2015 EUR 57.55
HSBC Trinkaus & Burkhardt 7.70 12/28/2015 EUR 63.97
HSBC Trinkaus & Burkhardt 11.90 12/28/2015 EUR 55.67
HSBC Trinkaus & Burkhardt 9.20 12/28/2015 EUR 58.71
HSBC Trinkaus & Burkhardt 6.30 3/25/2016 EUR 63.33
Goldman Sachs & Co Wertpap 4.00 3/23/2016 EUR 51.06
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 51.80
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 52.53
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 52.90
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 52.90
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 52.90
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 75.12
Goldman Sachs & Co Wertpap 11.00 11/25/2015 EUR 50.10
Goldman Sachs & Co Wertpap 11.00 11/25/2015 EUR 50.10
Goldman Sachs & Co Wertpap 11.00 11/25/2015 EUR 50.10
Goldman Sachs & Co Wertpap 10.00 11/25/2015 EUR 75.14
Goldman Sachs & Co Wertpap 13.00 11/25/2015 EUR 69.93
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 73.28
Goldman Sachs & Co Wertpap 7.00 11/25/2015 EUR 56.16
Goldman Sachs & Co Wertpap 7.00 12/23/2015 EUR 56.74
DekaBank Deutsche Girozent 7.15 10/27/2017 EUR 56.95
Leonteq Securities AG/Guer 10.00 11/10/2015 CHF 43.75
Notenstein Privatbank AG 7.50 11/7/2016 EUR 63.28
Landesbank Hessen-Thuering 3.25 11/7/2016 EUR 68.10
Credit Suisse AG/Nassau 7.50 5/10/2016 EUR 60.41
Leonteq Securities AG 6.25 11/20/2015 EUR 57.73
Leonteq Securities AG 10.00 11/20/2015 USD 74.94
UBS AG/London 9.50 12/29/2015 EUR 42.81
UBS AG/London 9.00 12/23/2016 EUR 54.91
BNP Paribas Emissions- und 4.50 12/24/2015 EUR 61.56
BNP Paribas Emissions- und 6.75 12/24/2015 EUR 56.74
BNP Paribas Emissions- und 3.75 6/23/2016 EUR 67.30
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 62.57
BNP Paribas Emissions- und 6.75 6/23/2016 EUR 58.87
Vontobel Financial Product 3.35 12/11/2015 EUR 73.37
Vontobel Financial Product 4.90 12/11/2015 EUR 69.73
Vontobel Financial Product 6.00 12/11/2015 EUR 67.51
Vontobel Financial Product 9.25 12/11/2015 EUR 62.63
Vontobel Financial Product 5.50 12/11/2015 EUR 54.03
Vontobel Financial Product 4.40 12/11/2015 EUR 56.17
DZ Bank AG Deutsche Zentra 5.00 11/27/2015 EUR 69.96
Bank Julius Baer & Co Ltd/ 13.70 11/11/2015 CHF 63.75
Leasing-Experts SA 9.00 6/5/2016 PLN 20.15
Landesbank Hessen-Thuering 4.00 11/27/2015 EUR 53.90
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 60.67
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 60.67
Vontobel Financial Product 9.00 11/27/2015 EUR 48.23
Vontobel Financial Product 7.40 11/27/2015 EUR 57.68
Vontobel Financial Product 3.30 11/27/2015 EUR 65.14
Vontobel Financial Product 6.35 11/27/2015 EUR 74.90
DZ Bank AG Deutsche Zentra 5.90 12/21/2015 EUR 60.17
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 52.56
DZ Bank AG Deutsche Zentra 6.00 11/27/2015 EUR 69.72
BNP Paribas Emissions- und 5.50 12/24/2015 EUR 62.06
BNP Paribas Emissions- und 5.00 12/24/2015 EUR 57.62
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 71.59
UBS AG/London 5.30 12/23/2015 EUR 60.13
Vontobel Financial Product 7.50 11/13/2015 EUR 56.38
Vontobel Financial Product 5.00 11/21/2016 EUR 61.12
Vontobel Financial Product 8.00 12/4/2015 EUR 47.22
DekaBank Deutsche Girozent 3.00 5/15/2018 EUR 57.01
Bank Julius Baer & Co Ltd/ 9.75 11/13/2015 USD 44.25
Bank Julius Baer & Co Ltd/ 10.20 11/13/2015 USD 46.60
Bank Julius Baer & Co Ltd/ 9.75 11/13/2015 USD 61.70
Leonteq Securities AG/Guer 9.40 11/17/2015 CHF 48.16
UBS AG/London 8.50 12/29/2015 EUR 46.49
UBS AG/London 10.25 12/29/2015 EUR 46.04
UBS AG/London 9.00 3/29/2016 EUR 45.03
UBS AG/London 9.75 3/29/2016 EUR 49.56
UBS AG/London 8.25 3/29/2016 EUR 48.47
UBS AG/London 14.50 12/29/2015 EUR 43.81
UBS AG/London 13.25 12/29/2015 EUR 46.43
Zurcher Kantonalbank Finan 8.02 11/13/2015 EUR 60.45
BNP Paribas Emissions- und 6.75 12/24/2015 EUR 56.67
BNP Paribas Emissions- und 6.25 6/23/2016 EUR 57.96
HSBC Trinkaus & Burkhardt 14.20 12/28/2015 EUR 45.81
HSBC Trinkaus & Burkhardt 10.30 12/28/2015 EUR 49.46
HSBC Trinkaus & Burkhardt 6.80 12/28/2015 EUR 54.04
HSBC Trinkaus & Burkhardt 14.40 12/28/2015 EUR 66.55
HSBC Trinkaus & Burkhardt 6.30 12/28/2015 EUR 54.55
HSBC Trinkaus & Burkhardt 8.10 3/25/2016 EUR 52.67
HSBC Trinkaus & Burkhardt 17.00 12/28/2015 EUR 53.46
HSBC Trinkaus & Burkhardt 11.90 12/28/2015 EUR 60.09
HSBC Trinkaus & Burkhardt 8.70 12/28/2015 EUR 65.82
Barclays Bank PLC 3.50 2/5/2016 EUR 65.43
UniCredit Bank AG 4.20 12/24/2015 EUR 70.76
UniCredit Bank AG 4.90 12/24/2015 EUR 51.81
UniCredit Bank AG 4.30 12/24/2015 EUR 69.19
UniCredit Bank AG 4.00 12/24/2015 EUR 74.06
UniCredit Bank AG 4.00 12/24/2015 EUR 56.24
UniCredit Bank AG 4.75 12/24/2015 EUR 52.32
Leonteq Securities AG 10.00 12/4/2015 CHF 69.26
UniCredit Bank AG 4.10 12/24/2015 EUR 59.78
UniCredit Bank AG 4.25 12/24/2015 EUR 54.50
UniCredit Bank AG 4.40 12/24/2015 EUR 56.70
UniCredit Bank AG 4.10 12/24/2015 EUR 72.38
UniCredit Bank AG 4.30 12/24/2015 EUR 57.69
Leonteq Securities AG 11.00 12/4/2015 USD 32.40
UniCredit Bank AG 4.20 12/24/2015 EUR 58.71
UniCredit Bank AG 4.50 12/24/2015 EUR 53.37
UniCredit Bank AG 5.00 12/24/2015 EUR 72.52
Vontobel Financial Product 6.65 12/28/2015 EUR 59.96
Deutsche Bank AG 6.20 12/22/2015 EUR 67.70
Deutsche Bank AG 7.20 12/22/2015 EUR 67.80
Deutsche Bank AG 7.20 6/21/2016 EUR 68.90
Deutsche Bank AG 6.20 6/21/2016 EUR 68.30
Deutsche Bank AG 6.20 6/21/2016 EUR 63.60
Deutsche Bank AG 6.20 6/21/2016 EUR 59.10
Deutsche Bank AG 7.20 6/21/2016 EUR 66.10
Deutsche Bank AG 7.20 6/21/2016 EUR 59.70
DekaBank Deutsche Girozent 4.10 5/12/2016 EUR 57.90
HSBC Trinkaus & Burkhardt 12.40 11/27/2015 EUR 65.35
HSBC Trinkaus & Burkhardt 13.70 12/28/2015 EUR 56.26
HSBC Trinkaus & Burkhardt 9.50 12/28/2015 EUR 60.51
HSBC Trinkaus & Burkhardt 7.20 11/27/2015 EUR 63.30
Leonteq Securities AG 11.00 11/19/2015 USD 73.28
DZ Bank AG Deutsche Zentra 7.75 11/27/2015 EUR 47.24
DZ Bank AG Deutsche Zentra 5.00 11/27/2015 EUR 60.59
DZ Bank AG Deutsche Zentra 5.50 11/27/2015 EUR 63.21
DZ Bank AG Deutsche Zentra 5.00 3/29/2016 EUR 60.42
HSBC Trinkaus & Burkhardt 7.60 11/27/2015 EUR 50.67
HSBC Trinkaus & Burkhardt 14.50 12/28/2015 EUR 64.37
HSBC Trinkaus & Burkhardt 7.40 3/25/2016 EUR 74.22
HSBC Trinkaus & Burkhardt 8.40 11/27/2015 EUR 72.34
HSBC Trinkaus & Burkhardt 14.70 12/28/2015 EUR 43.69
HSBC Trinkaus & Burkhardt 6.20 12/28/2015 EUR 52.44
HSBC Trinkaus & Burkhardt 8.00 3/25/2016 EUR 50.87
HSBC Trinkaus & Burkhardt 9.20 11/27/2015 EUR 48.38
HSBC Trinkaus & Burkhardt 12.50 12/28/2015 EUR 52.90
HSBC Trinkaus & Burkhardt 6.70 3/25/2016 EUR 59.93
HSBC Trinkaus & Burkhardt 7.60 11/27/2015 EUR 57.31
HSBC Trinkaus & Burkhardt 17.50 12/28/2015 EUR 58.17
HSBC Trinkaus & Burkhardt 13.70 12/28/2015 EUR 63.25
HSBC Trinkaus & Burkhardt 10.00 12/28/2015 EUR 69.57
Vontobel Financial Product 8.00 11/27/2015 EUR 48.83
Vontobel Financial Product 8.55 12/28/2015 EUR 48.96
Vontobel Financial Product 6.75 12/28/2015 EUR 62.74
Vontobel Financial Product 5.30 12/28/2015 EUR 72.17
UBS AG/London 11.75 11/12/2015 CHF 55.74
BNP Paribas Emissions- und 5.00 12/24/2015 EUR 58.05
BNP Paribas Emissions- und 7.00 12/24/2015 EUR 58.28
BNP Paribas Emissions- und 8.00 12/24/2015 EUR 58.40
BNP Paribas Emissions- und 8.00 12/24/2015 EUR 58.40
Vontobel Financial Product 6.00 12/4/2015 EUR 68.33
Vontobel Financial Product 8.00 12/4/2015 EUR 46.07
Societe Generale SA 17.60 11/17/2015 EUR 42.10
BNP Paribas Emissions- und 6.00 12/24/2015 EUR 69.82
BNP Paribas Emissions- und 9.00 12/24/2015 EUR 70.17
BNP Paribas Emissions- und 6.00 12/24/2015 EUR 46.83
BNP Paribas Emissions- und 8.00 12/24/2015 EUR 47.06
BNP Paribas Emissions- und 8.50 12/24/2015 EUR 72.85
BNP Paribas Emissions- und 10.00 12/24/2015 EUR 70.50
BNP Paribas Emissions- und 11.00 12/24/2015 EUR 68.25
BNP Paribas Emissions- und 7.00 6/23/2016 EUR 74.79
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 71.41
BNP Paribas Emissions- und 12.00 12/24/2015 EUR 72.99
BNP Paribas Emissions- und 4.50 12/24/2015 EUR 63.52
BNP Paribas Emissions- und 6.00 12/24/2015 EUR 61.74
BNP Paribas Emissions- und 8.00 12/24/2015 EUR 58.40
BNP Paribas Emissions- und 9.50 12/24/2015 EUR 56.93
BNP Paribas Emissions- und 10.00 12/24/2015 EUR 55.45
BNP Paribas Emissions- und 6.00 6/23/2016 EUR 64.12
BNP Paribas Emissions- und 6.50 6/23/2016 EUR 62.65
BNP Paribas Emissions- und 8.50 6/23/2016 EUR 60.58
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 59.37
BNP Paribas Emissions- und 14.00 12/24/2015 EUR 78.71
BNP Paribas Emissions- und 12.00 12/24/2015 EUR 67.48
BNP Paribas Emissions- und 5.00 12/24/2015 EUR 56.54
BNP Paribas Emissions- und 6.00 12/24/2015 EUR 54.42
BNP Paribas Emissions- und 7.00 12/24/2015 EUR 52.48
BNP Paribas Emissions- und 8.50 12/24/2015 EUR 50.74
BNP Paribas Emissions- und 9.00 12/24/2015 EUR 49.03
BNP Paribas Emissions- und 11.00 12/24/2015 EUR 47.61
BNP Paribas Emissions- und 12.00 12/24/2015 EUR 46.18
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 57.80
BNP Paribas Emissions- und 6.00 6/23/2016 EUR 56.28
BNP Paribas Emissions- und 7.00 6/23/2016 EUR 54.90
BNP Paribas Emissions- und 7.50 6/23/2016 EUR 53.36
BNP Paribas Emissions- und 9.50 6/23/2016 EUR 51.26
BNP Paribas Emissions- und 13.00 12/24/2015 EUR 63.04
BNP Paribas Emissions- und 5.00 12/24/2015 EUR 56.47
BNP Paribas Emissions- und 8.00 12/24/2015 EUR 51.26
BNP Paribas Emissions- und 12.00 12/24/2015 EUR 47.17
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 60.30
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 60.30
Goldman Sachs & Co Wertpap 8.00 11/25/2015 EUR 75.06
Goldman Sachs & Co Wertpap 19.00 11/25/2015 EUR 61.50
Goldman Sachs & Co Wertpap 18.00 12/23/2015 EUR 62.88
Goldman Sachs & Co Wertpap 13.00 12/23/2015 EUR 46.27
Goldman Sachs & Co Wertpap 20.00 11/25/2015 EUR 40.27
Goldman Sachs & Co Wertpap 19.00 12/23/2015 EUR 41.72
Goldman Sachs & Co Wertpap 16.00 3/23/2016 EUR 45.45
Goldman Sachs & Co Wertpap 14.00 3/23/2016 EUR 54.32
Deutsche Bank AG 7.20 12/22/2015 EUR 58.20
Deutsche Bank AG 6.20 12/22/2015 EUR 65.00
Deutsche Bank AG 7.20 12/22/2015 EUR 65.10
Deutsche Bank AG 6.20 12/22/2015 EUR 58.10
Deutsche Bank AG 6.20 6/21/2016 EUR 65.50
LBBW 4.25 6/24/2016 EUR 51.26
LBBW 3.00 1/26/2018 EUR 64.79
LBBW 4.80 7/22/2016 EUR 52.04
LBBW 4.50 6/24/2016 EUR 50.67
DZ Bank AG Deutsche Zentra 3.50 9/30/2016 EUR 59.70
Goldman Sachs & Co Wertpap 9.00 12/23/2015 EUR 73.98
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 71.82
Goldman Sachs & Co Wertpap 7.00 12/23/2015 EUR 56.92
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 60.40
UBS AG 17.25 12/29/2015 EUR 68.38
UBS AG 12.75 12/29/2015 EUR 57.49
UBS AG 19.75 12/29/2015 EUR 43.42
UBS AG 14.50 12/29/2015 EUR 60.71
UBS AG 15.75 12/29/2015 EUR 58.41
UBS AG 12.00 12/29/2015 EUR 66.02
UBS AG 21.00 12/29/2015 EUR 65.45
UBS AG/London 24.50 3/29/2016 EUR 71.95
Leonteq Securities AG/Guer 10.80 11/24/2015 CHF 52.87
Deutsche Bank AG 5.80 12/23/2015 EUR 52.01
ECM Real Estate Investment 5.00 10/9/2011 EUR 10.38
Deutsche Bank AG 6.80 11/25/2015 EUR 55.97
Commerzbank AG 11.25 11/26/2015 EUR 72.08
Commerzbank AG 14.25 11/26/2015 EUR 66.90
Commerzbank AG 9.50 11/26/2015 EUR 55.78
UBS AG/London 14.00 11/26/2015 CHF 71.38
UBS AG/London 11.50 11/26/2015 CHF 63.36
UBS AG/London 10.75 11/26/2015 CHF 63.39
Bank Julius Baer & Co Ltd/ 6.50 12/4/2015 EUR 46.95
Landesbank Hessen-Thuering 4.55 12/18/2015 EUR 55.70
Deutsche Bank AG 5.80 12/23/2015 EUR 56.70
Deutsche Bank AG 6.80 12/23/2015 EUR 56.50
Deutsche Bank AG 6.80 12/23/2015 EUR 69.89
Deutsche Bank AG 5.80 11/25/2015 EUR 56.24
Deutsche Bank AG 5.80 11/25/2015 EUR 51.56
Vontobel Financial Product 6.85 12/28/2015 EUR 58.25
Vontobel Financial Product 9.40 11/27/2015 EUR 75.04
EFG International Finance 7.00 11/27/2019 EUR 68.10
Commerzbank AG 7.50 11/26/2015 EUR 58.70
DZ Bank AG Deutsche Zentra 6.25 11/27/2015 EUR 52.73
DZ Bank AG Deutsche Zentra 7.25 12/28/2015 EUR 59.59
UniCredit Bank AG 3.79 12/19/2016 EUR 54.94
UniCredit Bank AG 4.70 12/24/2015 EUR 57.92
UniCredit Bank AG 4.50 12/24/2015 EUR 59.26
UniCredit Bank AG 4.15 12/24/2015 EUR 61.80
UniCredit Bank AG 4.20 12/24/2015 EUR 61.43
UniCredit Bank AG 4.05 12/24/2015 EUR 62.58
UniCredit Bank AG 4.00 12/24/2015 EUR 62.97
UniCredit Bank AG 4.30 12/24/2015 EUR 50.27
UniCredit Bank AG 4.65 12/24/2015 EUR 58.25
UniCredit Bank AG 4.35 12/24/2015 EUR 60.33
UniCredit Bank AG 4.05 12/24/2015 EUR 54.19
DZ Bank AG Deutsche Zentra 5.00 3/21/2016 EUR 61.28
DZ Bank AG Deutsche Zentra 7.25 3/21/2016 EUR 51.37
DZ Bank AG Deutsche Zentra 7.00 3/21/2016 EUR 51.67
Goldman Sachs & Co Wertpap 17.00 3/23/2016 EUR 67.05
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 54.60
DZ Bank AG Deutsche Zentra 9.25 3/21/2016 EUR 52.09
DZ Bank AG Deutsche Zentra 5.25 3/21/2016 EUR 72.28
DZ Bank AG Deutsche Zentra 7.75 12/21/2015 EUR 49.90
DZ Bank AG Deutsche Zentra 6.00 3/21/2016 EUR 51.39
HSBC Trinkaus & Burkhardt 4.02 11/24/2015 EUR 67.70
UniCredit Bank AG 4.40 12/24/2015 EUR 49.38
UniCredit Bank AG 4.40 12/24/2015 EUR 59.97
UniCredit Bank AG 4.75 1/13/2016 EUR 55.23
Credit Suisse AG/Nassau 11.00 12/3/2015 USD 53.49
Vontobel Financial Product 7.05 3/11/2016 EUR 71.35
Vontobel Financial Product 4.85 12/11/2015 EUR 46.47
DZ Bank AG Deutsche Zentra 5.70 12/21/2015 EUR 73.39
DZ Bank AG Deutsche Zentra 5.50 3/21/2016 EUR 74.37
DZ Bank AG Deutsche Zentra 4.90 12/21/2015 EUR 57.13
Vontobel Financial Product 21.25 12/28/2015 EUR 56.71
Goldman Sachs & Co Wertpap 9.00 11/25/2015 EUR 54.54
Goldman Sachs & Co Wertpap 21.00 11/25/2015 EUR 58.01
Goldman Sachs & Co Wertpap 20.00 11/25/2015 EUR 72.06
Goldman Sachs & Co Wertpap 19.00 12/23/2015 EUR 73.58
Leonteq Securities AG/Guer 8.20 12/15/2015 CHF 57.94
Vontobel Financial Product 4.40 12/28/2015 EUR 54.15
Vontobel Financial Product 7.80 12/28/2015 EUR 58.45
Vontobel Financial Product 8.05 12/28/2015 EUR 70.32
Goldman Sachs & Co Wertpap 9.00 11/25/2015 EUR 54.54
Zurcher Kantonalbank Finan 7.80 12/11/2015 CHF 67.59
Vontobel Financial Product 5.60 12/11/2015 EUR 51.98
Vontobel Financial Product 5.25 3/11/2016 EUR 53.29
Vontobel Financial Product 1.95 4/8/2016 EUR 65.61
Vontobel Financial Product 8.25 12/11/2015 EUR 58.12
Vontobel Financial Product 7.00 12/11/2015 EUR 59.70
Goldman Sachs & Co Wertpap 14.00 11/25/2015 EUR 49.38
Credit Suisse AG/Nassau 12.20 6/3/2016 EUR 57.87
UniCredit Bank AG 4.90 12/24/2015 EUR 73.82
UniCredit Bank AG 4.40 12/24/2015 EUR 67.73
UniCredit Bank AG 4.00 12/24/2015 EUR 60.88
UniCredit Bank AG 4.80 12/24/2015 EUR 75.23
UniCredit Bank AG 5.00 12/24/2015 EUR 50.80
UniCredit Bank AG 4.50 12/24/2015 EUR 55.74
DZ Bank AG Deutsche Zentra 4.00 12/11/2015 EUR 70.95
Bank Julius Baer & Co Ltd/ 8.20 11/20/2015 USD 71.70
Bank Julius Baer & Co Ltd/ 6.50 11/27/2015 EUR 74.95
UniCredit Bank AG 4.20 12/24/2015 EUR 52.17
UniCredit Bank AG 4.10 12/24/2015 EUR 62.18
UniCredit Bank AG 4.25 12/24/2015 EUR 51.19
UniCredit Bank AG 4.00 12/24/2015 EUR 55.30
UniCredit Bank AG 4.30 12/24/2015 EUR 60.69
UniCredit Bank AG 4.50 12/24/2015 EUR 47.68
UniCredit Bank AG 4.45 12/24/2015 EUR 48.49
UniCredit Bank AG 4.45 12/24/2015 EUR 59.61
UniCredit Bank AG 4.25 12/24/2015 EUR 61.06
Notenstein Privatbank AG 8.50 11/28/2016 CHF 47.03
Notenstein Privatbank AG 8.20 5/27/2016 CHF 42.42
Leonteq Securities AG/Guer 6.00 11/28/2016 CHF 62.23
UniCredit Bank AG 4.10 12/24/2015 EUR 53.17
Credit Suisse AG/Nassau 8.25 5/20/2016 USD 73.63
UniCredit Bank AG 4.60 12/24/2015 EUR 58.59
Goldman Sachs & Co Wertpap 8.00 11/25/2015 EUR 75.04
Notenstein Privatbank AG 7.00 12/5/2016 EUR 61.89
Lehman Brothers Treasury C 4.60 11/9/2011 EUR 13.88
Goldman Sachs Internationa 1.00 12/5/2017 SEK 14.76
Goldman Sachs & Co Wertpap 21.00 12/23/2015 EUR 63.24
Goldman Sachs & Co Wertpap 21.00 11/25/2015 EUR 42.77
HSBC Trinkaus & Burkhardt 14.20 12/28/2015 EUR 74.03
Leonteq Securities AG 5.70 12/3/2015 USD 35.42
Deutsche Bank AG 6.20 11/25/2015 EUR 69.70
Deutsche Bank AG 5.20 11/25/2015 EUR 50.00
Deutsche Bank AG 5.20 3/22/2016 EUR 53.50
Deutsche Bank AG 5.20 3/22/2016 EUR 51.60
Deutsche Bank AG 6.20 3/22/2016 EUR 52.00
Deutsche Bank AG 6.20 3/22/2016 EUR 56.30
Deutsche Bank AG 5.20 11/25/2015 EUR 51.90
Vontobel Financial Product 5.35 12/11/2015 EUR 50.76
Vontobel Financial Product 7.05 12/11/2015 EUR 53.67
Commerzbank AG 8.50 11/26/2015 EUR 48.65
Deutsche Bank AG 7.20 11/25/2015 EUR 50.10
Deutsche Bank AG 7.20 3/22/2016 EUR 56.70
Deutsche Bank AG 7.20 3/22/2016 EUR 50.60
Deutsche Bank AG 5.20 3/22/2016 EUR 55.60
Deutsche Bank AG 5.20 3/22/2016 EUR 49.90
Deutsche Bank AG 5.20 3/22/2016 EUR 55.90
DZ Bank AG Deutsche Zentra 5.70 12/21/2015 EUR 59.17
DZ Bank AG Deutsche Zentra 5.80 3/21/2016 EUR 59.63
DZ Bank AG Deutsche Zentra 5.75 3/21/2016 EUR 72.46
DZ Bank AG Deutsche Zentra 6.50 12/21/2015 EUR 49.76
Vontobel Financial Product 6.50 12/11/2015 EUR 51.97
DZ Bank AG Deutsche Zentra 8.25 11/27/2015 EUR 74.24
DZ Bank AG Deutsche Zentra 10.25 11/27/2015 EUR 48.87
DZ Bank AG Deutsche Zentra 7.00 11/27/2015 EUR 58.96
DZ Bank AG Deutsche Zentra 5.25 3/29/2016 EUR 58.08
Central European Estates B 7.80 11/10/2015 ILS 5.80
DZ Bank AG Deutsche Zentra 4.50 3/21/2016 EUR 58.19
Vontobel Financial Product 4.95 3/11/2016 EUR 55.09
Vontobel Financial Product 22.85 12/28/2015 EUR 61.87
Barclays Bank PLC 11.50 10/10/2018 SEK 66.23
LBBW 4.60 6/24/2016 EUR 51.92
LBBW 4.80 6/24/2016 EUR 52.81
LBBW 3.40 12/23/2016 EUR 66.20
DekaBank Deutsche Girozent 4.05 5/13/2016 EUR 61.63
DekaBank Deutsche Girozent 3.10 11/13/2015 EUR 50.22
UBS AG 13.50 12/29/2015 EUR 71.74
UBS AG 14.00 12/29/2015 EUR 68.76
UBS AG 11.50 12/29/2015 EUR 44.62
UBS AG 14.00 12/29/2015 EUR 40.66
Leonteq Securities AG/Guer 3.90 3/1/2016 EUR 45.70
Raiffeisen Centrobank AG 5.00 4/18/2016 EUR 65.03
UBS AG 7.75 12/29/2015 EUR 61.79
UBS AG 12.75 12/29/2015 EUR 61.38
UBS AG 13.50 12/29/2015 EUR 58.69
UBS AG 5.00 12/29/2015 EUR 67.65
UBS AG 10.75 12/29/2015 EUR 68.65
UBS AG 6.75 12/29/2015 EUR 59.13
UBS AG 6.00 12/29/2015 EUR 70.27
UBS AG 6.75 12/29/2015 EUR 65.73
UBS AG 14.75 12/29/2015 EUR 55.66
UBS AG 8.50 12/29/2015 EUR 58.29
UBS AG 14.75 12/29/2015 EUR 42.28
UBS AG 14.00 12/29/2015 EUR 43.96
UBS AG 11.50 12/29/2015 EUR 65.52
UBS AG 9.50 12/29/2015 EUR 55.22
UBS AG 12.25 12/29/2015 EUR 62.12
UBS AG 10.50 12/29/2015 EUR 52.49
UBS AG 9.50 12/29/2015 EUR 70.47
UBS AG 10.00 12/29/2015 EUR 72.12
UBS AG 4.50 12/29/2015 EUR 71.08
UBS AG 22.75 12/29/2015 EUR 38.95
UBS AG 20.50 12/29/2015 EUR 48.74
UBS AG 10.00 12/29/2015 EUR 65.98
Russian Bank for Small and 10.00 8/19/2016 RUB 81.83
Societe Generale Effekten 4.00 6/26/2017 EUR 50.34
Notenstein Privatbank AG 6.00 5/24/2016 EUR 53.53
LBBW 4.50 1/22/2016 EUR 64.81
Landesbank Berlin AG 6.00 11/27/2015 EUR 47.67
LBBW 4.75 7/22/2016 EUR 62.56
LBBW 3.40 11/25/2016 EUR 73.70
Zurcher Kantonalbank Finan 3.78 1/25/2016 CHF 46.05
Heta Asset Resolution AG 0.20 8/28/2017 EUR 65.50
Europlan AO 9.78 9/25/2019 RUB 94.13
Heta Asset Resolution AG 0.21 8/21/2017 EUR 65.50
UBS AG 5.00 6/24/2016 EUR 57.30
UBS AG 10.25 3/29/2016 EUR 47.10
Commerzbank AG 5.75 7/21/2016 EUR 74.20
Commerzbank AG 6.75 7/21/2016 EUR 73.14
Commerzbank AG 7.75 7/21/2016 EUR 72.16
Commerzbank AG 11.00 7/21/2016 EUR 69.75
Goldman Sachs & Co Wertpap 6.00 4/20/2016 EUR 60.03
Goldman Sachs & Co Wertpap 7.00 5/25/2016 EUR 60.73
Goldman Sachs & Co Wertpap 10.00 5/25/2016 EUR 62.35
Goldman Sachs & Co Wertpap 7.00 8/24/2016 EUR 62.39
Goldman Sachs & Co Wertpap 8.00 8/24/2016 EUR 63.17
Goldman Sachs & Co Wertpap 7.00 9/21/2016 EUR 62.87
Vontobel Financial Product 6.35 9/9/2016 EUR 66.23
Goldman Sachs & Co Wertpap 23.00 12/23/2015 EUR 57.22
Goldman Sachs & Co Wertpap 24.00 4/20/2016 EUR 59.88
Goldman Sachs & Co Wertpap 4.00 6/22/2016 EUR 71.32
Leonteq Securities AG/Guer 10.58 2/3/2017 USD 50.03
Goldman Sachs & Co Wertpap 11.00 9/21/2016 EUR 66.33
Goldman Sachs & Co Wertpap 11.00 9/21/2016 EUR 66.33
Goldman Sachs & Co Wertpap 10.00 12/21/2016 EUR 67.68
Goldman Sachs & Co Wertpap 10.00 12/21/2016 EUR 67.68
Goldman Sachs & Co Wertpap 9.00 6/21/2017 EUR 69.80
UBS AG 4.00 9/9/2016 EUR 71.17
UBS AG 6.30 9/9/2016 EUR 69.05
UBS AG 5.50 12/9/2016 EUR 69.50
UBS AG 8.00 3/11/2016 EUR 67.55
UBS AG 7.50 12/9/2016 EUR 68.11
Vontobel Financial Product 11.75 7/8/2016 EUR 63.14
Vontobel Financial Product 3.20 12/9/2016 EUR 69.05
Vontobel Financial Product 2.50 12/9/2016 EUR 70.29
Vontobel Financial Product 3.50 9/9/2016 EUR 68.90
Vontobel Financial Product 8.10 6/10/2016 EUR 78.46
DekaBank Deutsche Girozent 3.45 6/1/2018 EUR 72.43
LBBW 2.00 2/24/2017 EUR 72.14
LBBW 3.00 2/24/2017 EUR 70.23
LBBW 4.00 2/24/2017 EUR 68.87
LBBW 5.00 2/24/2017 EUR 67.84
Vontobel Financial Product 8.60 9/9/2016 EUR 72.35
Vontobel Financial Product 5.90 6/10/2016 EUR 74.40
Vontobel Financial Product 9.70 6/10/2016 EUR 71.14
Vontobel Financial Product 14.35 6/10/2016 EUR 69.01
Vontobel Financial Product 9.35 3/11/2016 EUR 70.09
Vontobel Financial Product 8.55 9/9/2016 EUR 72.31
Vontobel Financial Product 5.55 9/9/2016 EUR 75.05
UBS AG 8.50 9/9/2016 EUR 67.33
LBBW 3.00 6/23/2017 EUR 67.40
UniCredit Bank AG 5.00 12/22/2016 EUR 66.76
UniCredit Bank AG 4.50 12/22/2016 EUR 67.95
UniCredit Bank AG 4.70 12/22/2016 EUR 67.45
UniCredit Bank AG 6.20 9/22/2016 EUR 66.88
UniCredit Bank AG 5.30 9/22/2016 EUR 69.48
UniCredit Bank AG 4.40 12/22/2016 EUR 68.20
UniCredit Bank AG 5.80 9/22/2016 EUR 68.01
DZ Bank AG Deutsche Zentra 8.00 9/19/2016 EUR 67.36
Vontobel Financial Product 5.00 4/11/2016 EUR 52.40
DZ Bank AG Deutsche Zentra 8.00 6/20/2016 EUR 62.65
UniCredit Bank AG 6.90 9/22/2016 EUR 65.09
UniCredit Bank AG 6.60 9/22/2016 EUR 65.82
UniCredit Bank AG 4.70 9/22/2016 EUR 71.36
UniCredit Bank AG 4.20 9/22/2016 EUR 73.02
UniCredit Bank AG 4.10 9/22/2016 EUR 73.36
UniCredit Bank AG 5.50 9/22/2016 EUR 68.89
UniCredit Bank AG 5.10 12/22/2016 EUR 66.52
UniCredit Bank AG 6.80 9/22/2016 EUR 65.34
DZ Bank AG Deutsche Zentra 6.00 12/19/2016 EUR 63.96
LBBW 3.10 9/28/2018 EUR 66.41
UBS AG 11.75 6/24/2016 EUR 47.62
UBS AG 9.00 3/29/2016 EUR 49.88
UBS AG 20.50 6/24/2016 EUR 56.67
Vontobel Financial Product 7.00 9/23/2016 EUR 63.60
UBS AG 11.25 6/24/2016 EUR 66.81
UBS AG 8.25 6/24/2016 EUR 43.68
DZ Bank AG Deutsche Zentra 15.00 3/29/2016 EUR 67.14
DZ Bank AG Deutsche Zentra 12.00 6/24/2016 EUR 70.47
DZ Bank AG Deutsche Zentra 6.25 9/23/2016 EUR 69.93
UniCredit Bank AG 10.00 5/13/2016 EUR 73.97
DZ Bank AG Deutsche Zentra 9.10 6/20/2016 EUR 69.09
UBS AG 8.25 12/22/2017 EUR 53.55
DZ Bank AG Deutsche Zentra 6.60 9/19/2016 EUR 68.86
DZ Bank AG Deutsche Zentra 4.60 12/19/2016 EUR 71.22
DZ Bank AG Deutsche Zentra 4.80 12/19/2016 EUR 69.79
DZ Bank AG Deutsche Zentra 6.60 12/19/2016 EUR 70.10
DZ Bank AG Deutsche Zentra 5.40 3/21/2016 EUR 70.04
DZ Bank AG Deutsche Zentra 8.10 6/20/2016 EUR 72.10
UBS AG 13.50 6/24/2016 EUR 73.20
DZ Bank AG Deutsche Zentra 9.75 9/23/2016 EUR 71.09
DZ Bank AG Deutsche Zentra 7.00 12/23/2016 EUR 67.57
Vontobel Financial Product 8.00 9/23/2016 EUR 63.95
UBS AG 8.25 6/24/2016 EUR 47.96
Credit Suisse AG/Nassau 8.75 9/9/2016 EUR 66.42
DZ Bank AG Deutsche Zentra 5.70 9/19/2016 EUR 69.84
DZ Bank AG Deutsche Zentra 6.70 3/21/2016 EUR 68.62
DZ Bank AG Deutsche Zentra 8.50 3/21/2016 EUR 67.35
UBS AG 4.50 12/9/2016 EUR 70.31
UBS AG 10.25 12/23/2016 EUR 75.29
HSBC Trinkaus & Burkhardt 4.40 11/23/2015 EUR 74.05
Credit Suisse AG/Nassau 7.50 11/16/2015 CHF 70.57
UBS AG 4.25 12/22/2017 EUR 63.96
UBS AG 4.75 12/22/2017 EUR 65.03
Exane Finance 1.75 4/28/2016 EUR 25.74
LBBW 3.10 6/23/2017 EUR 64.84
Goldman Sachs Internationa 0.67 4/24/2020 GBP 72.63
DekaBank Deutsche Girozent 3.00 4/16/2018 EUR 56.21
UBS AG 7.75 6/24/2016 EUR 42.05
UBS AG 5.25 12/23/2016 EUR 60.53
UBS AG 7.25 3/29/2016 EUR 41.02
UBS AG 16.00 12/23/2016 EUR 47.14
UBS AG 9.00 6/24/2016 EUR 51.65
UBS AG 18.75 6/24/2016 EUR 41.43
UBS AG 8.00 6/24/2016 EUR 53.32
UBS AG 5.75 12/23/2016 EUR 59.87
UBS AG 7.25 6/24/2016 EUR 55.37
UBS AG 5.50 6/24/2016 EUR 60.17
UBS AG 8.75 12/22/2017 EUR 74.11
UBS AG 4.00 12/23/2016 EUR 65.35
UBS AG 4.50 12/23/2016 EUR 63.46
UBS AG 12.50 12/23/2016 EUR 65.88
HSBC Trinkaus & Burkhardt 8.10 9/23/2016 EUR 68.38
UBS AG 7.75 12/22/2017 EUR 58.41
UBS AG 22.50 3/29/2016 EUR 53.16
UBS AG 4.75 12/22/2017 EUR 67.46
UBS AG 4.25 3/29/2016 EUR 62.50
UBS AG 8.00 12/23/2016 EUR 54.98
UBS AG 10.25 12/22/2017 EUR 56.40
HSBC Trinkaus & Burkhardt 14.60 6/24/2016 EUR 70.40
HSBC Trinkaus & Burkhardt 10.30 9/23/2016 EUR 72.96
HSBC Trinkaus & Burkhardt 8.10 9/23/2016 EUR 74.56
UBS AG 12.25 12/23/2016 EUR 70.03
UBS AG 13.00 12/23/2016 EUR 68.66
UBS AG 11.75 12/22/2017 EUR 74.14
UBS AG 20.25 3/29/2016 EUR 37.71
UBS AG 8.00 3/29/2016 EUR 51.82
HSBC Trinkaus & Burkhardt 11.50 6/24/2016 EUR 60.86
HSBC Trinkaus & Burkhardt 7.30 9/23/2016 EUR 62.99
Notenstein Privatbank AG 6.30 8/28/2017 CHF 69.50
DZ Bank AG Deutsche Zentra 8.10 6/20/2016 EUR 70.30
DZ Bank AG Deutsche Zentra 4.80 9/19/2016 EUR 70.79
Vontobel Financial Product 5.65 3/29/2016 EUR 71.44
Vontobel Financial Product 10.30 6/24/2016 EUR 66.80
Vontobel Financial Product 11.65 3/29/2016 EUR 66.76
DZ Bank AG Deutsche Zentra 6.25 12/23/2016 EUR 69.62
UBS AG/London 11.25 6/24/2016 EUR 69.34
Commerzbank AG 7.25 8/25/2016 EUR 64.69
Commerzbank AG 6.50 8/25/2016 EUR 70.18
Commerzbank AG 12.75 8/25/2016 EUR 76.29
Leonteq Securities AG 12.80 12/8/2016 USD 73.71
UBS AG 6.50 12/29/2015 EUR 42.74
UBS AG 5.75 3/29/2016 EUR 50.03
UBS AG 4.50 6/24/2016 EUR 61.70
UBS AG 14.75 6/24/2016 EUR 61.75
Commerzbank AG 8.75 7/21/2016 EUR 71.24
Commerzbank AG 9.75 7/21/2016 EUR 70.39
UBS AG 13.25 6/24/2016 EUR 60.10
Vontobel Financial Product 5.70 6/24/2016 EUR 70.87
UBS AG 11.75 6/24/2016 EUR 54.03
LBBW 2.80 2/24/2017 EUR 69.26
Vontobel Financial Product 5.00 3/16/2017 EUR 68.63
WGZ-Bank AG Westdeutsche G 3.50 2/7/2017 EUR 58.73
Commerzbank AG 4.00 8/25/2016 EUR 67.18
Commerzbank AG 4.75 8/25/2016 EUR 66.45
Commerzbank AG 5.50 8/25/2016 EUR 65.75
Commerzbank AG 6.25 8/25/2016 EUR 65.10
Commerzbank AG 8.00 8/25/2016 EUR 64.11
Commerzbank AG 9.00 8/25/2016 EUR 63.79
Commerzbank AG 4.75 8/25/2016 EUR 72.15
Commerzbank AG 5.50 8/25/2016 EUR 71.04
Commerzbank AG 7.50 8/25/2016 EUR 69.38
Commerzbank AG 8.50 8/25/2016 EUR 68.64
Commerzbank AG 9.75 8/25/2016 EUR 68.16
Commerzbank AG 10.75 8/25/2016 EUR 77.88
Leonteq Securities AG 10.00 12/8/2016 EUR 74.61
LBBW 5.50 3/29/2016 EUR 51.04
LBBW 4.00 3/29/2016 EUR 56.63
LBBW 5.00 3/29/2016 EUR 59.98
HSBC Trinkaus & Burkhardt 11.20 6/24/2016 EUR 63.79
HSBC Trinkaus & Burkhardt 10.40 12/23/2016 EUR 65.02
HSBC Trinkaus & Burkhardt 8.30 12/23/2016 EUR 65.65
HSBC Trinkaus & Burkhardt 6.30 12/23/2016 EUR 66.69
HSBC Trinkaus & Burkhardt 7.30 4/22/2016 EUR 64.01
HSBC Trinkaus & Burkhardt 7.00 5/27/2016 EUR 64.66
HSBC Trinkaus & Burkhardt 6.70 10/28/2016 EUR 66.34
DekaBank Deutsche Girozent 3.40 6/24/2016 EUR 46.96
HSBC Trinkaus & Burkhardt 12.60 6/24/2016 EUR 69.43
HSBC Trinkaus & Burkhardt 8.00 9/23/2016 EUR 72.11
DekaBank Deutsche Girozent 3.10 2/5/2018 EUR 58.53
Vontobel Financial Product 5.50 9/9/2016 EUR 66.65
Vontobel Financial Product 6.55 9/9/2016 EUR 65.70
Vontobel Financial Product 7.65 9/9/2016 EUR 64.88
Vontobel Financial Product 3.75 6/10/2016 EUR 68.56
Vontobel Financial Product 3.55 6/9/2017 EUR 67.79
Vontobel Financial Product 4.15 6/9/2017 EUR 67.00
Societe Generale SA 4.00 3/29/2016 EUR 50.46
HSBC Trinkaus & Burkhardt 8.00 6/24/2016 EUR 65.26
HSBC Trinkaus & Burkhardt 7.00 9/23/2016 EUR 65.89
Vontobel Financial Product 4.45 9/9/2016 EUR 67.69
Vontobel Financial Product 4.80 6/9/2017 EUR 66.36
Vontobel Financial Product 5.40 6/9/2017 EUR 65.70
Leonteq Securities AG/Guer 8.04 4/11/2016 CHF 60.60
LBBW 4.00 3/29/2016 EUR 55.06
LBBW 3.00 3/29/2016 EUR 66.70
LBBW 4.00 3/29/2016 EUR 62.94
UniCredit Bank AG 4.30 10/29/2018 EUR 74.88
LBBW 3.25 6/23/2017 EUR 64.66
Goldman Sachs & Co Wertpap 7.00 7/20/2016 EUR 61.77
Goldman Sachs & Co Wertpap 7.00 12/21/2016 EUR 64.35
UBS AG 9.50 12/22/2017 EUR 72.75
HSBC Trinkaus & Burkhardt 12.30 6/24/2016 EUR 65.70
UBS AG 10.25 12/22/2017 EUR 71.64
UBS AG 11.75 12/22/2017 EUR 70.10
UBS AG 10.25 12/23/2016 EUR 69.48
UBS AG 6.00 3/29/2016 EUR 45.49
UBS AG 6.00 3/29/2016 EUR 56.46
TransFin-M PAO 12.50 8/11/2025 RUB 60.01
Lehman Brothers Treasury C 0.50 12/20/2017 AUD 16.25
Vontobel Financial Product 4.95 9/23/2016 EUR 61.16
Credit Suisse AG/Nassau 7.50 11/23/2015 CHF 71.05
Municipality Finance PLC 0.50 5/31/2022 ZAR 53.02
Glitnir HF 5.86 7/28/2016 GBP 27.13
Agentstvo po Ipotechnomu Z 11.76 1/15/2029 RUB 60.01
Heta Asset Resolution AG 0.13 8/11/2017 EUR 65.50
Municipality Finance PLC 0.50 4/26/2022 ZAR 53.84
Notenstein Privatbank AG 7.70 3/14/2017 EUR 70.13
Societe Generale Effekten 3.09 6/24/2016 EUR 73.52
Societe Generale Effekten 3.89 9/23/2016 EUR 73.89
Societe Generale Effekten 4.65 12/23/2016 EUR 74.21
UniCredit Bank AG 4.55 10/28/2016 EUR 54.50
Goldman Sachs Internationa 5.00 12/20/2015 EUR 0.96
Vontobel Financial Product 4.65 12/9/2016 EUR 61.45
Vontobel Financial Product 3.95 12/9/2016 EUR 67.94
LBBW 3.50 2/24/2017 EUR 74.43
LBBW 4.50 2/24/2017 EUR 74.06
Vontobel Financial Product 5.60 9/9/2016 EUR 75.09
Vontobel Financial Product 12.00 9/9/2016 EUR 70.50
Vontobel Financial Product 15.90 3/11/2016 EUR 67.21
Vontobel Financial Product 4.30 3/11/2016 EUR 74.24
Landesbank Hessen-Thuering 3.20 8/2/2016 EUR 51.30
Vontobel Financial Product 15.00 6/24/2016 EUR 71.82
Vontobel Financial Product 12.00 9/23/2016 EUR 72.74
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 73.05
Goldman Sachs & Co Wertpap 15.00 10/26/2016 EUR 68.52
Goldman Sachs & Co Wertpap 18.00 10/26/2016 EUR 68.64
UBS AG 9.00 9/9/2016 EUR 66.06
UBS AG 6.50 9/9/2016 EUR 67.48
UBS AG 4.80 3/11/2016 EUR 68.75
UBS AG 6.00 12/9/2016 EUR 68.21
UBS AG 4.50 9/9/2016 EUR 69.68
Credit Suisse AG/Nassau 9.25 9/26/2016 EUR 64.82
DZ Bank AG Deutsche Zentra 14.25 3/29/2016 EUR 72.75
DZ Bank AG Deutsche Zentra 12.00 3/29/2016 EUR 64.30
DZ Bank AG Deutsche Zentra 7.75 6/24/2016 EUR 70.91
DZ Bank AG Deutsche Zentra 5.75 9/23/2016 EUR 68.58
DZ Bank AG Deutsche Zentra 5.75 12/23/2016 EUR 67.46
BNP Paribas Emissions- und 3.00 2/25/2016 EUR 70.72
BNP Paribas Emissions- und 5.00 2/25/2016 EUR 70.95
BNP Paribas Emissions- und 3.50 2/25/2016 EUR 69.91
BNP Paribas Emissions- und 5.50 2/25/2016 EUR 70.49
BNP Paribas Emissions- und 4.00 2/25/2016 EUR 68.67
BNP Paribas Emissions- und 7.00 2/25/2016 EUR 69.54
BNP Paribas Emissions- und 7.50 2/25/2016 EUR 68.35
BNP Paribas Emissions- und 6.00 2/25/2016 EUR 67.04
BNP Paribas Emissions- und 8.00 2/25/2016 EUR 67.62
BNP Paribas Emissions- und 4.00 2/25/2016 EUR 73.48
BNP Paribas Emissions- und 5.50 2/25/2016 EUR 72.42
BNP Paribas Emissions- und 3.50 11/24/2016 EUR 72.85
BNP Paribas Emissions- und 4.50 11/24/2016 EUR 73.90
BNP Paribas Emissions- und 3.00 11/24/2016 EUR 71.51
BNP Paribas Emissions- und 4.00 11/24/2016 EUR 72.55
BNP Paribas Emissions- und 3.50 11/24/2016 EUR 71.22
BNP Paribas Emissions- und 4.50 11/24/2016 EUR 72.27
BNP Paribas Emissions- und 4.00 11/24/2016 EUR 70.54
BNP Paribas Emissions- und 5.00 11/24/2016 EUR 71.59
BNP Paribas Emissions- und 7.50 2/25/2016 EUR 65.40
BNP Paribas Emissions- und 3.00 8/25/2016 EUR 73.35
BNP Paribas Emissions- und 4.00 8/25/2016 EUR 74.14
BNP Paribas Emissions- und 3.50 8/25/2016 EUR 72.43
BNP Paribas Emissions- und 4.50 8/25/2016 EUR 73.22
BNP Paribas Emissions- und 3.00 8/25/2016 EUR 71.17
BNP Paribas Emissions- und 4.50 8/25/2016 EUR 71.51
BNP Paribas Emissions- und 5.50 8/25/2016 EUR 72.30
BNP Paribas Emissions- und 4.00 8/25/2016 EUR 69.86
BNP Paribas Emissions- und 5.50 8/25/2016 EUR 69.82
BNP Paribas Emissions- und 5.00 8/25/2016 EUR 68.63
BNP Paribas Emissions- und 6.00 8/25/2016 EUR 69.42
BNP Paribas Emissions- und 7.00 8/25/2016 EUR 70.22
BNP Paribas Emissions- und 5.50 8/25/2016 EUR 67.09
BNP Paribas Emissions- und 5.50 8/24/2017 EUR 70.91
BNP Paribas Emissions- und 3.00 11/23/2017 EUR 72.53
BNP Paribas Emissions- und 3.50 11/23/2017 EUR 72.84
BNP Paribas Emissions- und 5.50 11/24/2016 EUR 70.94
BNP Paribas Emissions- und 6.50 11/24/2016 EUR 69.36
BNP Paribas Emissions- und 3.50 2/23/2017 EUR 73.62
BNP Paribas Emissions- und 4.00 2/23/2017 EUR 73.48
BNP Paribas Emissions- und 3.50 2/23/2017 EUR 72.05
BNP Paribas Emissions- und 4.50 2/23/2017 EUR 73.36
BNP Paribas Emissions- und 4.00 2/23/2017 EUR 71.55
BNP Paribas Emissions- und 5.00 2/23/2017 EUR 72.86
BNP Paribas Emissions- und 4.00 8/24/2017 EUR 71.35
BNP Paribas Emissions- und 4.50 8/24/2017 EUR 71.46
BNP Paribas Emissions- und 4.00 8/24/2017 EUR 69.86
BNP Paribas Emissions- und 5.50 2/25/2016 EUR 67.77
BNP Paribas Emissions- und 7.50 8/25/2016 EUR 68.68
BNP Paribas Emissions- und 8.50 8/25/2016 EUR 69.47
BNP Paribas Emissions- und 9.50 2/25/2016 EUR 65.98
BNP Paribas Emissions- und 4.00 8/25/2016 EUR 71.96
BNP Paribas Emissions- und 5.00 8/25/2016 EUR 71.97
BNP Paribas Emissions- und 3.50 8/25/2016 EUR 70.71
BNP Paribas Emissions- und 5.00 8/25/2016 EUR 70.65
BNP Paribas Emissions- und 6.00 8/25/2016 EUR 71.45
BNP Paribas Emissions- und 4.50 8/25/2016 EUR 69.03
BNP Paribas Emissions- und 6.50 8/25/2016 EUR 70.62
BNP Paribas Emissions- und 4.00 11/23/2017 EUR 72.81
BNP Paribas Emissions- und 4.00 11/23/2017 EUR 71.07
BNP Paribas Emissions- und 4.50 11/23/2017 EUR 70.13
BNP Paribas Emissions- und 4.50 11/24/2016 EUR 69.90
BNP Paribas Emissions- und 5.00 11/24/2016 EUR 69.65
BNP Paribas Emissions- und 6.00 11/24/2016 EUR 70.70
BNP Paribas Emissions- und 5.50 11/24/2016 EUR 68.31
BNP Paribas Emissions- und 4.50 2/23/2017 EUR 71.07
BNP Paribas Emissions- und 5.50 2/23/2017 EUR 72.38
BNP Paribas Emissions- und 5.00 2/23/2017 EUR 70.99
BNP Paribas Emissions- und 5.50 2/23/2017 EUR 69.84
BNP Paribas Emissions- und 6.50 2/23/2017 EUR 71.15
BNP Paribas Emissions- und 3.50 8/24/2017 EUR 73.24
BNP Paribas Emissions- und 3.00 8/24/2017 EUR 71.58
BNP Paribas Emissions- und 3.50 8/24/2017 EUR 71.77
Zurcher Kantonalbank Finan 8.02 9/23/2016 EUR 65.62
Vontobel Financial Product 7.75 9/23/2016 EUR 64.75
LBBW 3.00 3/24/2017 EUR 69.28
Zurcher Kantonalbank Finan 14.50 3/16/2016 EUR 64.26
DekaBank Deutsche Girozent 2.90 8/26/2016 EUR 68.92
DZ Bank AG Deutsche Zentra 8.75 9/19/2016 EUR 65.07
DZ Bank AG Deutsche Zentra 13.75 3/21/2016 EUR 63.42
DZ Bank AG Deutsche Zentra 11.50 6/20/2016 EUR 64.78
HSBC Trinkaus & Burkhardt 8.60 6/24/2016 EUR 69.48
HSBC Trinkaus & Burkhardt 7.50 9/23/2016 EUR 70.24
HSBC Trinkaus & Burkhardt 6.50 12/23/2016 EUR 70.51
HSBC Trinkaus & Burkhardt 7.60 3/24/2017 EUR 69.75
HSBC Trinkaus & Burkhardt 7.00 4/22/2016 EUR 70.15
HSBC Trinkaus & Burkhardt 6.50 5/27/2016 EUR 70.38
HSBC Trinkaus & Burkhardt 7.00 7/22/2016 EUR 70.95
HSBC Trinkaus & Burkhardt 6.10 10/28/2016 EUR 71.38
BNP Paribas Emissions- und 12.00 9/22/2016 EUR 67.23
BNP Paribas Emissions- und 4.00 12/22/2016 EUR 64.23
BNP Paribas Emissions- und 5.00 12/22/2016 EUR 62.26
BNP Paribas Emissions- und 6.00 12/22/2016 EUR 66.66
BNP Paribas Emissions- und 7.00 12/22/2016 EUR 67.77
BNP Paribas Emissions- und 8.00 12/22/2016 EUR 68.88
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 67.83
BNP Paribas Emissions- und 4.00 6/22/2017 EUR 64.43
BNP Paribas Emissions- und 5.00 6/22/2017 EUR 66.25
BNP Paribas Emissions- und 12.00 3/24/2016 EUR 65.31
BNP Paribas Emissions- und 14.00 3/24/2016 EUR 66.03
BNP Paribas Emissions- und 16.00 3/24/2016 EUR 63.21
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 63.38
BNP Paribas Emissions- und 8.00 6/23/2016 EUR 61.76
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 62.98
BNP Paribas Emissions- und 12.00 6/23/2016 EUR 67.67
BNP Paribas Emissions- und 9.00 9/22/2016 EUR 68.02
BNP Paribas Emissions- und 6.00 6/22/2017 EUR 67.86
BNP Paribas Emissions- und 7.00 6/22/2017 EUR 69.47
BNP Paribas Emissions- und 9.00 6/22/2017 EUR 69.64
Leonteq Securities AG/Guer 8.16 4/14/2016 EUR 59.04
Goldman Sachs & Co Wertpap 17.00 12/23/2015 EUR 59.37
Goldman Sachs & Co Wertpap 23.00 12/23/2015 EUR 60.07
Goldman Sachs & Co Wertpap 15.00 3/23/2016 EUR 62.86
Goldman Sachs & Co Wertpap 16.00 3/23/2016 EUR 63.23
Goldman Sachs & Co Wertpap 10.00 4/20/2016 EUR 61.80
Goldman Sachs & Co Wertpap 14.00 4/20/2016 EUR 63.58
Goldman Sachs & Co Wertpap 14.00 4/20/2016 EUR 63.58
Goldman Sachs & Co Wertpap 15.00 5/25/2016 EUR 65.04
Goldman Sachs & Co Wertpap 14.00 6/22/2016 EUR 65.57
Goldman Sachs & Co Wertpap 13.00 7/20/2016 EUR 65.92
Goldman Sachs & Co Wertpap 12.00 8/24/2016 EUR 66.32
Goldman Sachs & Co Wertpap 12.00 8/24/2016 EUR 66.32
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 65.46
Goldman Sachs & Co Wertpap 9.00 3/22/2017 EUR 68.57
Goldman Sachs & Co Wertpap 9.00 3/22/2017 EUR 68.57
Goldman Sachs & Co Wertpap 9.00 6/21/2017 EUR 69.80
Leonteq Securities AG/Guer 7.00 12/4/2015 EUR 50.19
UBS AG/London 22.50 12/29/2015 EUR 71.30
Raiffeisen Centrobank AG 9.41 1/20/2016 EUR 76.81
Raiffeisen Centrobank AG 8.24 1/20/2016 EUR 74.86
HSBC Trinkaus & Burkhardt 6.00 12/6/2016 EUR 50.07
Raiffeisen Centrobank AG 5.60 6/15/2016 EUR 51.98
UBS AG 10.50 12/22/2017 EUR 67.17
UBS AG 12.00 12/23/2016 EUR 75.04
UBS AG 16.75 12/23/2016 EUR 64.74
UBS AG 5.25 12/23/2016 EUR 62.29
UBS AG 6.25 6/24/2016 EUR 57.54
UBS AG 5.00 12/22/2017 EUR 65.07
UBS AG 7.00 3/29/2016 EUR 54.00
UBS AG 7.75 12/22/2017 EUR 59.43
Zurcher Kantonalbank Finan 7.00 8/4/2016 EUR 58.28
UBS AG 17.00 6/24/2016 EUR 42.83
Vontobel Financial Product 12.70 3/29/2016 EUR 62.24
Vontobel Financial Product 8.80 3/29/2016 EUR 64.27
Vontobel Financial Product 12.00 6/24/2016 EUR 64.44
Notenstein Privatbank AG 7.00 9/7/2016 CHF 63.15
UBS AG 10.50 12/22/2017 EUR 73.47
UBS AG 9.50 12/23/2016 EUR 45.72
UBS AG 5.50 6/24/2016 EUR 58.39
UBS AG 10.50 12/22/2017 EUR 71.16
UniCredit Bank AG 5.60 9/22/2016 EUR 68.59
UniCredit Bank AG 4.50 9/22/2016 EUR 71.99
UniCredit Bank AG 4.00 9/22/2016 EUR 73.70
UniCredit Bank AG 5.10 9/22/2016 EUR 70.09
UniCredit Bank AG 4.90 9/22/2016 EUR 70.72
UniCredit Bank AG 6.10 9/22/2016 EUR 67.17
UniCredit Bank AG 4.90 12/22/2016 EUR 66.99
UniCredit Bank AG 4.00 12/22/2016 EUR 69.27
UniCredit Bank AG 4.40 9/22/2016 EUR 72.32
UniCredit Bank AG 4.80 12/22/2016 EUR 67.23
UniCredit Bank AG 5.90 9/22/2016 EUR 67.74
UniCredit Bank AG 4.30 12/22/2016 EUR 68.46
UniCredit Bank AG 6.70 9/22/2016 EUR 65.59
UniCredit Bank AG 4.60 12/22/2016 EUR 67.70
Vontobel Financial Product 5.55 3/29/2016 EUR 70.05
DZ Bank AG Deutsche Zentra 4.00 8/26/2016 EUR 65.33
UniCredit Bank AG 6.40 9/22/2016 EUR 66.37
UniCredit Bank AG 5.40 9/22/2016 EUR 69.18
UniCredit Bank AG 4.30 9/22/2016 EUR 72.68
UBS AG 8.50 9/9/2016 EUR 65.60
BNP Paribas Emissions- und 10.00 9/22/2016 EUR 68.88
BNP Paribas Emissions- und 7.00 3/24/2016 EUR 63.49
BNP Paribas Emissions- und 9.00 3/24/2016 EUR 60.67
BNP Paribas Emissions- und 10.00 3/24/2016 EUR 64.58
BNP Paribas Emissions- und 14.00 6/23/2016 EUR 65.43
BNP Paribas Emissions- und 4.00 9/22/2016 EUR 63.51
BNP Paribas Emissions- und 6.00 9/22/2016 EUR 62.06
BNP Paribas Emissions- und 7.00 9/22/2016 EUR 66.30
BNP Paribas Emissions- und 8.00 9/22/2016 EUR 67.16
UBS AG 4.00 12/23/2015 EUR 59.00
Bank Julius Baer & Co Ltd/ 6.00 11/9/2015 CHF 61.95
DZ Bank AG Deutsche Zentra 6.00 12/28/2015 EUR 49.55
DZ Bank AG Deutsche Zentra 5.50 12/28/2015 EUR 51.62
Baltic Leasing OOO 11.82 6/19/2020 RUB 60.03
Vontobel Financial Product 6.50 9/23/2016 EUR 69.58
Vontobel Financial Product 7.50 6/24/2016 EUR 68.94
DZ Bank AG Deutsche Zentra 9.00 3/29/2016 EUR 63.72
DZ Bank AG Deutsche Zentra 12.00 3/29/2016 EUR 64.86
DZ Bank AG Deutsche Zentra 7.75 3/29/2016 EUR 69.88
Deutsche Bank AG 7.20 3/22/2016 EUR 71.80
Deutsche Bank AG 5.20 3/22/2016 EUR 71.10
Deutsche Bank AG 6.20 3/22/2016 EUR 71.50
Deutsche Bank AG 7.20 3/22/2016 EUR 67.40
Deutsche Bank AG 5.20 3/22/2016 EUR 66.60
Deutsche Bank AG 6.20 3/22/2016 EUR 67.00
Deutsche Bank AG 6.20 6/21/2016 EUR 71.90
Deutsche Bank AG 5.20 6/21/2016 EUR 71.30
Deutsche Bank AG 7.20 6/21/2016 EUR 72.50
Deutsche Bank AG 6.20 6/21/2016 EUR 67.60
Deutsche Bank AG 7.20 6/21/2016 EUR 68.20
Deutsche Bank AG 5.20 6/21/2016 EUR 67.00
Deutsche Bank AG 7.20 6/21/2016 EUR 64.40
Deutsche Bank AG 7.20 9/20/2016 EUR 73.90
Deutsche Bank AG 5.20 9/20/2016 EUR 72.10
Deutsche Bank AG 6.20 9/20/2016 EUR 73.00
Deutsche Bank AG 5.20 9/20/2016 EUR 68.00
Deutsche Bank AG 6.20 9/20/2016 EUR 68.90
Deutsche Bank AG 7.20 9/20/2016 EUR 69.80
Deutsche Bank AG 7.20 9/20/2016 EUR 66.00
Deutsche Bank AG 6.20 12/20/2016 EUR 74.10
Deutsche Bank AG 5.20 12/20/2016 EUR 73.00
Deutsche Bank AG 7.20 12/20/2016 EUR 71.30
Deutsche Bank AG 5.20 12/20/2016 EUR 69.00
Deutsche Bank AG 6.20 12/20/2016 EUR 70.10
Deutsche Bank AG 7.20 12/20/2016 EUR 67.60
Vontobel Financial Product 14.55 3/29/2016 EUR 64.67
Vontobel Financial Product 10.50 3/29/2016 EUR 66.86
Vontobel Financial Product 9.50 9/23/2016 EUR 68.48
Vontobel Financial Product 7.00 12/23/2016 EUR 69.67
Vontobel Financial Product 8.00 12/23/2016 EUR 69.03
Vontobel Financial Product 9.00 12/23/2016 EUR 68.47
Vontobel Financial Product 10.45 3/29/2016 EUR 60.37
Goldman Sachs & Co Wertpap 4.00 7/20/2016 EUR 71.50
UBS AG 14.50 12/23/2016 EUR 63.09
UBS AG 5.75 12/22/2017 EUR 63.98
UBS AG 7.50 12/23/2016 EUR 56.66
UBS AG 4.25 12/22/2017 EUR 69.54
UBS AG 18.25 3/29/2016 EUR 39.45
UBS AG 5.25 3/29/2016 EUR 59.34
UBS AG 4.75 12/22/2017 EUR 65.34
UBS AG 7.75 12/23/2016 EUR 74.07
WGZ-Bank AG Westdeutsche G 2.00 9/30/2016 EUR 69.59
WGZ-Bank AG Westdeutsche G 3.00 9/30/2016 EUR 68.45
WGZ-Bank AG Westdeutsche G 4.00 9/30/2016 EUR 67.39
WGZ-Bank AG Westdeutsche G 5.00 9/30/2016 EUR 66.42
WGZ-Bank AG Westdeutsche G 6.00 9/30/2016 EUR 65.54
UBS AG 4.50 12/23/2016 EUR 64.71
UBS AG 24.25 12/29/2015 EUR 49.59
Banque Cantonale Vaudoise 4.80 3/10/2017 CHF 39.35
UniCredit Bank AG 6.00 9/22/2016 EUR 67.46
UniCredit Bank AG 4.60 9/22/2016 EUR 71.69
UniCredit Bank AG 5.20 9/22/2016 EUR 69.76
LBBW 3.50 9/23/2016 EUR 55.22
UniCredit Bank AG 5.00 9/22/2016 EUR 70.38
UniCredit Bank AG 6.30 9/22/2016 EUR 66.63
UniCredit Bank AG 5.70 9/22/2016 EUR 68.30
UniCredit Bank AG 6.50 9/22/2016 EUR 66.11
UniCredit Bank AG 4.80 9/22/2016 EUR 71.04
UniCredit Bank AG 4.20 12/22/2016 EUR 68.75
UniCredit Bank AG 4.10 12/22/2016 EUR 69.01
Vontobel Financial Product 12.65 3/29/2016 EUR 71.82
Vontobel Financial Product 12.00 6/24/2016 EUR 72.91
Vontobel Financial Product 10.00 9/23/2016 EUR 73.86
Vontobel Financial Product 7.75 12/23/2016 EUR 75.79
HSBC Trinkaus & Burkhardt 12.30 6/24/2016 EUR 73.18
HSBC Trinkaus & Burkhardt 9.20 9/23/2016 EUR 75.19
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 68.14
Goldman Sachs & Co Wertpap 10.00 10/26/2016 EUR 69.64
Goldman Sachs & Co Wertpap 10.00 10/26/2016 EUR 69.64
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 70.37
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 70.37
Goldman Sachs & Co Wertpap 8.00 9/20/2017 EUR 72.71
Goldman Sachs & Co Wertpap 8.00 9/20/2017 EUR 72.71
Vontobel Financial Product 10.00 6/24/2016 EUR 68.53
Vontobel Financial Product 11.45 6/24/2016 EUR 67.56
Vontobel Financial Product 13.50 6/24/2016 EUR 67.06
Vontobel Financial Product 8.50 9/23/2016 EUR 69.42
Commerzbank AG 9.00 8/25/2016 EUR 65.66
Vontobel Financial Product 3.10 11/4/2016 EUR 55.34
Goldman Sachs & Co Wertpap 11.00 10/26/2016 EUR 67.28
Goldman Sachs & Co Wertpap 11.00 10/26/2016 EUR 67.28
Deutsche Bank AG 4.20 7/6/2016 EUR 68.60
Deutsche Bank AG 4.20 7/6/2016 EUR 66.50
Deutsche Bank AG 4.20 7/6/2016 EUR 64.50
Deutsche Bank AG 4.20 7/6/2016 EUR 62.70
Deutsche Bank AG 4.20 8/24/2016 EUR 68.90
Deutsche Bank AG 4.20 8/24/2016 EUR 66.90
Deutsche Bank AG 4.20 8/24/2016 EUR 65.00
Deutsche Bank AG 4.20 8/24/2016 EUR 63.10
Deutsche Bank AG 4.20 3/22/2016 EUR 68.40
Deutsche Bank AG 4.20 3/22/2016 EUR 66.20
Deutsche Bank AG 4.20 3/22/2016 EUR 64.20
Deutsche Bank AG 4.20 6/21/2016 EUR 68.40
Deutsche Bank AG 4.20 6/21/2016 EUR 66.40
Deutsche Bank AG 4.20 6/21/2016 EUR 64.40
Deutsche Bank AG 4.20 9/20/2016 EUR 69.10
Deutsche Bank AG 4.20 9/20/2016 EUR 67.10
Deutsche Bank AG 4.20 9/20/2016 EUR 65.20
Deutsche Bank AG 4.20 12/20/2016 EUR 69.80
Deutsche Bank AG 4.20 12/20/2016 EUR 67.90
Deutsche Bank AG 4.20 12/20/2016 EUR 66.00
Deutsche Bank AG 3.20 7/20/2016 EUR 73.90
Deutsche Bank AG 3.20 8/24/2016 EUR 74.00
Deutsche Bank AG 3.20 10/26/2016 EUR 74.00
LBBW 3.00 9/23/2016 EUR 74.52
LBBW 4.00 9/23/2016 EUR 72.69
LBBW 5.00 9/23/2016 EUR 71.25
Deutsche Bank AG 3.20 6/21/2016 EUR 73.80
Deutsche Bank AG 3.20 9/20/2016 EUR 74.00
Deutsche Bank AG 3.20 12/20/2016 EUR 74.10
Notenstein Privatbank AG 6.40 9/25/2017 EUR 68.09
Deutsche Bank AG 3.20 3/22/2016 EUR 70.30
Deutsche Bank AG 3.20 3/22/2016 EUR 68.00
Deutsche Bank AG 3.20 3/22/2016 EUR 65.90
Deutsche Bank AG 3.20 3/22/2016 EUR 63.80
Deutsche Bank AG 3.20 6/21/2016 EUR 70.00
Deutsche Bank AG 3.20 6/21/2016 EUR 67.80
Deutsche Bank AG 3.20 6/21/2016 EUR 65.70
Deutsche Bank AG 3.20 6/21/2016 EUR 63.80
Deutsche Bank AG 3.20 9/20/2016 EUR 70.40
Deutsche Bank AG 3.20 9/20/2016 EUR 68.30
Deutsche Bank AG 3.20 9/20/2016 EUR 66.30
Deutsche Bank AG 3.20 9/20/2016 EUR 64.30
Deutsche Bank AG 3.20 9/20/2016 EUR 62.50
Deutsche Bank AG 3.20 12/20/2016 EUR 70.70
Deutsche Bank AG 3.20 12/20/2016 EUR 68.70
Deutsche Bank AG 3.20 12/20/2016 EUR 66.80
Deutsche Bank AG 3.20 12/20/2016 EUR 64.90
Deutsche Bank AG 3.20 12/20/2016 EUR 63.10
IS-Broker OOO 15.00 6/21/2017 RUB 60.00
Heta Asset Resolution AG 0.20 7/28/2017 EUR 65.50
Delta-Finance OOO 10.00 12/18/2015 RUB 100.00
Glitnir HF 10.00 6/28/2017 USD 27.13
Deutsche Bank AG 3.20 7/6/2016 EUR 70.10
Deutsche Bank AG 3.20 7/6/2016 EUR 67.90
Deutsche Bank AG 3.20 7/6/2016 EUR 65.80
Deutsche Bank AG 3.20 7/6/2016 EUR 63.90
Deutsche Bank AG 3.20 8/24/2016 EUR 70.30
Deutsche Bank AG 3.20 8/24/2016 EUR 68.10
Deutsche Bank AG 3.20 8/24/2016 EUR 66.10
Deutsche Bank AG 3.20 8/24/2016 EUR 64.20
Deutsche Bank AG 3.20 10/26/2016 EUR 70.50
Deutsche Bank AG 3.20 10/26/2016 EUR 68.40
Deutsche Bank AG 3.20 10/26/2016 EUR 66.50
Deutsche Bank AG 3.20 10/26/2016 EUR 64.60
Deutsche Bank AG 3.20 11/22/2017 EUR 71.00
Deutsche Bank AG 3.20 11/22/2017 EUR 69.20
Deutsche Bank AG 3.20 11/22/2017 EUR 67.50
Deutsche Bank AG 3.20 11/22/2017 EUR 65.80
Deutsche Bank AG 4.20 10/26/2016 EUR 69.40
Deutsche Bank AG 4.20 10/26/2016 EUR 67.40
Deutsche Bank AG 4.20 10/26/2016 EUR 65.50
Deutsche Bank AG 4.20 10/26/2016 EUR 63.70
Deutsche Bank AG 4.20 11/22/2017 EUR 71.30
Deutsche Bank AG 4.20 11/22/2017 EUR 69.60
Deutsche Bank AG 4.20 11/22/2017 EUR 67.90
Deutsche Bank AG 4.20 11/22/2017 EUR 66.30
Vontobel Financial Product 9.70 10/28/2016 EUR 65.69
Deutsche Bank AG 4.20 8/24/2016 EUR 74.80
Deutsche Bank AG 4.20 10/26/2016 EUR 75.00
Deutsche Bank AG 4.20 11/22/2017 EUR 74.40
Vontobel Financial Product 11.85 1/6/2016 EUR 59.96
Commerzbank AG 6.00 6/24/2016 EUR 70.36
Commerzbank AG 6.00 6/24/2016 EUR 65.60
Heta Asset Resolution AG 4.07 3/21/2017 EUR 65.50
Heta Asset Resolution AG 5.68 7/5/2017 EUR 65.50
Svensk Exportkredit AB 0.50 6/28/2022 ZAR 52.76
Immigon Portfolioabbau AG 0.96 7/3/2019 EUR 57.25
Barclays Bank PLC 1.64 6/3/2041 USD 69.72
Lehman Brothers Treasury C 6.70 4/21/2011 USD 3.05
Lehman Brothers Treasury C 13.00 12/14/2012 USD 3.05
Haltdalen Sparebank 2.41 NOK 52.89
Lehman Brothers Treasury C 5.25 11/21/2009 USD 3.05
Lehman Brothers Treasury C 2.40 6/20/2011 JPY 3.05
Lehman Brothers Treasury C 1.60 6/21/2010 JPY 3.05
Lehman Brothers Treasury C 10.00 6/11/2038 JPY 3.05
Lehman Brothers Treasury C 4.80 11/16/2012 HKD 3.05
Lehman Brothers Treasury C 3.50 12/20/2027 USD 3.05
Lehman Brothers Treasury C 6.25 11/30/2012 EUR 3.05
Immigon Portfolioabbau AG 5.21 2/13/2026 EUR 34.13
Lehman Brothers Treasury C 1.00 2/26/2010 USD 3.05
Lehman Brothers Treasury C 4.70 3/23/2016 EUR 3.05
Lehman Brothers Treasury C 4.70 3/23/2016 EUR 3.05
Lehman Brothers Treasury C 5.12 4/30/2027 EUR 3.05
Lehman Brothers Treasury C 3.63 3/2/2012 EUR 3.05
Lehman Brothers Treasury C 0.75 3/29/2012 EUR 3.05
Municipality Finance PLC 0.25 6/28/2040 CAD 27.89
Eksportfinans ASA 0.25 7/14/2033 CAD 14.50
Lehman Brothers Treasury C 7.00 7/11/2010 EUR 3.05
Lehman Brothers Treasury C 6.00 7/28/2010 EUR 3.05
Lehman Brothers Treasury C 6.00 7/28/2010 EUR 3.05
Lehman Brothers Treasury C 7.50 8/1/2035 EUR 3.05
Lehman Brothers Treasury C 4.90 7/28/2020 EUR 3.05
Lehman Brothers Treasury C 6.00 12/6/2016 USD 3.05
Lehman Brothers Treasury C 6.50 5/16/2015 EUR 3.05
Lehman Brothers Treasury C 3.50 9/29/2017 EUR 3.05
Lehman Brothers Treasury C 3.00 8/8/2017 EUR 3.05
Lehman Brothers Treasury C 6.00 3/4/2015 USD 3.05
Lehman Brothers Treasury C 7.15 3/21/2013 USD 3.05
Lehman Brothers Treasury C 3.50 6/20/2011 EUR 3.05
Lehman Brothers Treasury C 7.50 2/14/2010 AUD 3.05
Lehman Brothers Treasury C 6.45 2/20/2010 AUD 3.05
Lehman Brothers Treasury C 6.60 5/23/2012 AUD 3.05
Lehman Brothers Treasury C 3.45 5/23/2013 USD 3.05
Lehman Brothers Treasury C 5.00 2/15/2018 EUR 3.05
Lehman Brothers Treasury C 9.00 5/6/2011 CHF 3.05
Lehman Brothers Treasury C 16.20 5/14/2009 USD 3.05
Lehman Brothers Treasury C 10.60 4/22/2014 MXN 3.05
Lehman Brothers Treasury C 16.00 11/9/2008 USD 3.05
Lehman Brothers Treasury C 10.00 5/22/2009 USD 3.05
Lehman Brothers Treasury C 17.00 6/2/2009 USD 3.05
Goldman Sachs & Co Wertpap 11.00 12/23/2015 EUR 66.10
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 70.31
Leonteq Securities AG 18.00 9/19/2016 CHF 59.40
Norddeutsche Landesbank Gi 3.75 9/2/2016 EUR 59.44
Goldman Sachs & Co Wertpap 12.00 5/25/2016 EUR 57.49
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 59.65
Goldman Sachs & Co Wertpap 3.00 3/22/2017 EUR 54.89
UniCredit Bank AG 4.25 9/12/2017 EUR 72.42
Credit Suisse AG/Nassau 8.25 7/1/2016 EUR 48.88
LBBW 3.00 7/26/2019 EUR 60.91
Vontobel Financial Product 7.30 6/24/2016 EUR 75.37
Vontobel Financial Product 5.75 12/28/2015 EUR 51.18
Zurcher Kantonalbank Finan 6.00 8/18/2016 EUR 58.84
Notenstein Privatbank AG 4.00 2/1/2016 EUR 48.48
Vontobel Financial Product 4.05 12/28/2015 EUR 65.82
LBBW 3.60 12/23/2016 EUR 71.57
LBBW 3.35 2/24/2017 EUR 66.17
Credit Suisse AG/Nassau 7.50 2/15/2016 EUR 67.45
DZ Bank AG Deutsche Zentra 6.50 9/23/2016 EUR 68.74
Leonteq Securities AG 10.60 7/6/2016 CHF 61.64
Commerzbank AG 12.75 6/23/2016 EUR 72.09
Commerzbank AG 13.25 6/23/2016 EUR 71.81
Commerzbank AG 13.50 6/23/2016 EUR 71.37
Commerzbank AG 10.25 6/23/2016 EUR 73.96
Commerzbank AG 10.75 6/23/2016 EUR 73.67
Commerzbank AG 11.25 6/23/2016 EUR 73.41
Vontobel Financial Product 6.25 12/28/2015 EUR 58.17
DZ Bank AG Deutsche Zentra 6.50 12/28/2015 EUR 68.73
LBBW 4.70 7/22/2016 EUR 69.89
Vontobel Financial Product 6.70 12/28/2015 EUR 72.68
Leonteq Securities AG/Guer 15.20 12/2/2015 CHF 40.52
UBS AG 5.00 6/24/2016 EUR 73.58
Leonteq Securities AG/Guer 8.00 12/8/2015 CHF 57.37
Leonteq Securities AG/Guer 20.00 12/8/2015 USD 24.12
Deutsche Bank AG 4.50 3/22/2016 EUR 47.73
Deutsche Bank AG 4.50 9/20/2016 EUR 49.40
Bank Julius Baer & Co Ltd/ 10.00 8/12/2016 EUR 61.55
DZ Bank AG Deutsche Zentra 7.50 3/21/2016 EUR 74.95
DZ Bank AG Deutsche Zentra 7.80 6/20/2016 EUR 74.40
Deutsche Bank AG 8.50 3/22/2016 EUR 72.64
Deutsche Bank AG 8.50 6/21/2016 EUR 50.81
Landesbank Hessen-Thuering 5.00 10/24/2016 EUR 52.80
Commerzbank AG 5.50 6/23/2016 EUR 74.95
Commerzbank AG 6.50 6/23/2016 EUR 61.28
Vontobel Financial Product 5.85 3/29/2016 EUR 49.68
Deutsche Bank AG 7.20 12/22/2015 EUR 61.70
Deutsche Bank AG 5.20 12/22/2015 EUR 61.40
Leonteq Securities AG/Guer 8.64 9/8/2016 CHF 59.63
Goldman Sachs & Co Wertpap 18.00 12/23/2015 EUR 69.17
Goldman Sachs & Co Wertpap 23.00 12/23/2015 EUR 66.58
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 72.77
Goldman Sachs & Co Wertpap 16.00 1/20/2016 EUR 70.12
Goldman Sachs & Co Wertpap 25.00 1/20/2016 EUR 65.85
Goldman Sachs & Co Wertpap 15.00 2/24/2016 EUR 71.20
Goldman Sachs & Co Wertpap 18.00 2/24/2016 EUR 69.00
Goldman Sachs & Co Wertpap 22.00 2/24/2016 EUR 67.33
Goldman Sachs & Co Wertpap 20.00 3/23/2016 EUR 68.21
Goldman Sachs & Co Wertpap 24.00 3/23/2016 EUR 67.10
Goldman Sachs & Co Wertpap 20.00 5/25/2016 EUR 69.82
Goldman Sachs & Co Wertpap 18.00 6/22/2016 EUR 70.18
Goldman Sachs & Co Wertpap 21.00 6/22/2016 EUR 69.51
Goldman Sachs & Co Wertpap 15.00 7/20/2016 EUR 72.11
Goldman Sachs & Co Wertpap 15.00 9/21/2016 EUR 72.07
Goldman Sachs & Co Wertpap 17.00 9/21/2016 EUR 71.38
Goldman Sachs & Co Wertpap 15.00 12/21/2016 EUR 73.24
Deutsche Bank AG 4.20 12/22/2015 EUR 65.40
Goldman Sachs & Co Wertpap 13.00 3/22/2017 EUR 74.09
Deutsche Bank AG 5.20 12/22/2015 EUR 65.50
DZ Bank AG Deutsche Zentra 5.50 12/28/2015 EUR 67.63
Bank Julius Baer & Co Ltd/ 7.00 9/12/2016 CHF 49.15
Goldman Sachs & Co Wertpap 9.00 4/20/2016 EUR 53.23
Goldman Sachs & Co Wertpap 20.00 4/20/2016 EUR 49.72
Goldman Sachs & Co Wertpap 4.00 6/22/2016 EUR 59.67
Goldman Sachs & Co Wertpap 3.00 9/21/2016 EUR 63.17
Goldman Sachs & Co Wertpap 4.00 12/21/2016 EUR 61.52
Goldman Sachs & Co Wertpap 3.00 3/22/2017 EUR 64.25
Goldman Sachs & Co Wertpap 7.00 3/22/2017 EUR 58.46
HSBC Trinkaus & Burkhardt 5.10 12/28/2015 EUR 48.64
Commerzbank AG 9.25 6/23/2016 EUR 57.39
Commerzbank AG 9.75 6/23/2016 EUR 57.20
Commerzbank AG 10.25 6/23/2016 EUR 57.01
Commerzbank AG 10.50 6/23/2016 EUR 62.31
Commerzbank AG 11.00 6/23/2016 EUR 62.07
Commerzbank AG 11.50 6/23/2016 EUR 61.84
DZ Bank AG Deutsche Zentra 6.50 12/28/2015 EUR 49.61
DZ Bank AG Deutsche Zentra 5.00 12/11/2015 EUR 58.93
DZ Bank AG Deutsche Zentra 4.90 12/11/2015 EUR 60.13
DZ Bank AG Deutsche Zentra 5.40 12/11/2015 EUR 59.19
Commerzbank AG 7.50 6/23/2016 EUR 74.23
Commerzbank AG 5.00 6/23/2016 EUR 55.33
Commerzbank AG 5.75 6/23/2016 EUR 53.81
Commerzbank AG 6.75 6/23/2016 EUR 51.82
Commerzbank AG 7.25 6/23/2016 EUR 50.90
Commerzbank AG 8.00 6/23/2016 EUR 50.22
Commerzbank AG 6.00 6/23/2016 EUR 63.22
DZ Bank AG Deutsche Zentra 5.75 12/28/2015 EUR 59.28
Credit Suisse AG/Nassau 8.50 2/29/2016 USD 57.57
Deutsche Bank AG 6.50 3/22/2016 EUR 48.48
HSBC Trinkaus & Burkhardt 6.50 12/28/2015 EUR 48.80
Deutsche Bank AG 4.50 6/21/2016 EUR 75.25
UBS AG/London 10.00 3/29/2016 EUR 63.05
Vontobel Financial Product 8.50 7/22/2016 EUR 51.58
BNP Paribas Emissions- und 3.50 12/24/2015 EUR 58.80
BNP Paribas Emissions- und 4.50 12/24/2015 EUR 54.25
Notenstein Privatbank AG 5.12 2/29/2016 EUR 72.92
Notenstein Privatbank AG 5.04 8/28/2017 CHF 54.21
HSBC Trinkaus & Burkhardt 6.30 12/28/2015 EUR 72.61
HSBC Trinkaus & Burkhardt 6.10 12/28/2015 EUR 65.37
HSBC Trinkaus & Burkhardt 7.00 12/28/2015 EUR 64.56
Notenstein Privatbank AG 10.00 9/5/2016 CHF 43.93
Notenstein Privatbank AG 7.00 9/5/2016 EUR 62.69
HSBC Trinkaus & Burkhardt 5.10 12/28/2015 EUR 72.45
HSBC Trinkaus & Burkhardt 7.00 12/28/2015 EUR 65.49
Leonteq Securities AG 9.40 8/17/2016 EUR 61.56
HSBC Trinkaus & Burkhardt 5.90 12/28/2015 EUR 64.41
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 48.93
Goldman Sachs & Co Wertpap 5.00 3/23/2016 EUR 70.84
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 71.21
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 71.57
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 46.86
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 47.23
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 47.23
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 47.59
Goldman Sachs & Co Wertpap 5.00 3/23/2016 EUR 59.20
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 59.57
Vontobel Financial Product 6.15 12/28/2015 EUR 70.07
Vontobel Financial Product 8.10 12/28/2015 EUR 42.91
Deutsche Bank AG 5.00 7/15/2016 EUR 55.50
HSBC Trinkaus & Burkhardt 9.70 6/24/2016 EUR 70.78
Commerzbank AG 9.25 6/23/2016 EUR 68.92
Commerzbank AG 4.50 6/23/2016 EUR 73.51
Commerzbank AG 5.00 6/23/2016 EUR 72.50
Commerzbank AG 4.50 6/23/2016 EUR 51.91
Commerzbank AG 6.00 6/23/2016 EUR 58.19
Commerzbank AG 6.75 6/23/2016 EUR 57.19
Commerzbank AG 7.75 6/23/2016 EUR 56.42
Commerzbank AG 8.75 6/23/2016 EUR 55.73
UBS AG/London 19.50 12/29/2015 EUR 76.02
UBS AG/London 5.75 3/29/2016 EUR 67.72
UBS AG/London 24.75 12/29/2015 EUR 74.33
Bank Julius Baer & Co Ltd/ 8.20 8/29/2016 CHF 72.10
BNP Paribas Emissions- und 7.25 12/24/2015 EUR 72.99
BNP Paribas Emissions- und 8.50 12/24/2015 EUR 69.24
DZ Bank AG Deutsche Zentra 8.00 12/28/2015 EUR 46.59
UBS AG/London 24.50 3/29/2016 EUR 50.58
Deutsche Bank AG 5.20 7/20/2016 EUR 74.40
Deutsche Bank AG 7.20 7/20/2016 EUR 72.70
Deutsche Bank AG 5.20 8/24/2016 EUR 74.70
Deutsche Bank AG 7.20 8/24/2016 EUR 73.20
Deutsche Bank AG 5.20 10/26/2016 EUR 75.10
Deutsche Bank AG 7.20 10/26/2016 EUR 74.00
Deutsche Bank AG 5.20 10/26/2016 EUR 72.10
Deutsche Bank AG 5.20 11/23/2016 EUR 75.20
Deutsche Bank AG 7.20 11/23/2016 EUR 74.40
Deutsche Bank AG 5.20 7/6/2016 EUR 63.90
Deutsche Bank AG 7.20 7/6/2016 EUR 65.30
Deutsche Bank AG 5.20 7/6/2016 EUR 60.40
Deutsche Bank AG 7.20 7/6/2016 EUR 61.80
Deutsche Bank AG 7.20 7/6/2016 EUR 58.70
Deutsche Bank AG 7.20 8/24/2016 EUR 66.10
Deutsche Bank AG 7.20 8/24/2016 EUR 62.70
Deutsche Bank AG 5.20 8/24/2016 EUR 58.00
Deutsche Bank AG 7.20 10/26/2016 EUR 67.20
Deutsche Bank AG 5.20 10/26/2016 EUR 65.30
Deutsche Bank AG 5.20 10/26/2016 EUR 61.90
Deutsche Bank AG 7.20 10/26/2016 EUR 63.90
Deutsche Bank AG 5.20 10/26/2016 EUR 58.90
Deutsche Bank AG 7.20 10/26/2016 EUR 60.90
Deutsche Bank AG 5.20 11/23/2016 EUR 65.60
Deutsche Bank AG 7.20 11/23/2016 EUR 67.70
Deutsche Bank AG 5.20 11/23/2016 EUR 62.20
Deutsche Bank AG 7.20 11/23/2016 EUR 64.40
Deutsche Bank AG 5.20 11/23/2016 EUR 59.20
UniCredit Bank AG 5.00 6/23/2016 EUR 73.55
UniCredit Bank AG 4.70 6/23/2016 EUR 54.03
UniCredit Bank AG 4.50 6/23/2016 EUR 55.00
DZ Bank AG Deutsche Zentra 5.40 12/21/2015 EUR 60.11
DZ Bank AG Deutsche Zentra 6.60 12/21/2015 EUR 59.27
DZ Bank AG Deutsche Zentra 9.10 12/21/2015 EUR 57.60
DZ Bank AG Deutsche Zentra 5.20 3/21/2016 EUR 61.35
DZ Bank AG Deutsche Zentra 6.10 3/21/2016 EUR 60.70
DZ Bank AG Deutsche Zentra 8.30 3/21/2016 EUR 59.56
UniCredit Bank AG 4.05 6/23/2016 EUR 57.32
UniCredit Bank AG 4.35 6/23/2016 EUR 55.73
DZ Bank AG Deutsche Zentra 7.00 12/21/2015 EUR
UniCredit Bank AG 4.20 6/23/2016 EUR 56.51
UniCredit Bank AG 4.80 6/23/2016 EUR 53.56
DZ Bank AG Deutsche Zentra 6.50 6/20/2016 EUR 52.22
DZ Bank AG Deutsche Zentra 6.00 9/19/2016 EUR 53.36
UniCredit Bank AG 5.50 6/23/2016 EUR 72.25
UniCredit Bank AG 4.30 6/23/2016 EUR 56.00
UniCredit Bank AG 4.15 6/23/2016 EUR 56.79
UniCredit Bank AG 4.10 6/23/2016 EUR 57.06
UniCredit Bank AG 4.50 6/23/2016 EUR 74.90
UniCredit Bank AG 4.90 6/23/2016 EUR 53.11
UniCredit Bank AG 4.25 6/23/2016 EUR 56.27
Commerzbank AG 5.25 6/23/2016 EUR 68.86
Commerzbank AG 7.00 6/23/2016 EUR 66.79
Commerzbank AG 9.00 6/23/2016 EUR 65.09
Commerzbank AG 11.00 6/23/2016 EUR 63.53
Deutsche Bank AG 5.20 3/21/2017 EUR 73.30
Deutsche Bank AG 4.20 10/26/2016 EUR 52.10
Deutsche Bank AG 4.20 9/20/2016 EUR 51.70
Deutsche Bank AG 4.20 12/20/2016 EUR 52.70
Deutsche Bank AG 4.20 9/20/2016 EUR 73.50
Deutsche Bank AG 4.20 12/20/2016 EUR 73.70
Deutsche Bank AG 8.20 11/23/2016 EUR 52.30
Deutsche Bank AG 5.20 6/21/2016 EUR 74.20
Deutsche Bank AG 6.20 6/21/2016 EUR 74.80
Deutsche Bank AG 5.20 12/20/2016 EUR 75.40
Deutsche Bank AG 7.20 3/21/2017 EUR 69.80
Deutsche Bank AG 7.20 3/21/2017 EUR 66.60
Deutsche Bank AG 7.20 3/21/2017 EUR 63.60
Commerzbank AG 9.50 1/21/2016 EUR 68.82
DZ Bank AG Deutsche Zentra 8.60 3/21/2016 EUR 74.78
DZ Bank AG Deutsche Zentra 8.80 6/20/2016 EUR 73.03
Commerzbank AG 5.50 6/23/2016 EUR 47.02
DZ Bank AG Deutsche Zentra 3.00 12/28/2015 EUR 50.27
Deutsche Bank AG 4.20 9/20/2016 EUR 64.00
Deutsche Bank AG 4.20 9/20/2016 EUR 60.60
Deutsche Bank AG 5.20 9/20/2016 EUR 61.50
Deutsche Bank AG 6.20 9/20/2016 EUR 62.30
Deutsche Bank AG 5.20 9/20/2016 EUR 58.40
Deutsche Bank AG 4.20 9/20/2016 EUR 57.50
Deutsche Bank AG 6.20 9/20/2016 EUR 59.30
Deutsche Bank AG 6.20 12/20/2016 EUR 67.10
Deutsche Bank AG 4.20 12/20/2016 EUR 64.80
Deutsche Bank AG 5.20 12/20/2016 EUR 62.60
Deutsche Bank AG 3.20 12/20/2016 EUR 75.60
Deutsche Bank AG 3.20 10/26/2016 EUR 53.60
Deutsche Bank AG 3.20 6/21/2016 EUR 55.30
Deutsche Bank AG 3.20 9/20/2016 EUR 56.10
Deutsche Bank AG 3.20 12/20/2016 EUR 72.60
Deutsche Bank AG 3.20 10/26/2016 EUR 56.40
Deutsche Bank AG 4.20 3/22/2016 EUR 75.40
Deutsche Bank AG 3.20 11/23/2016 EUR 75.70
Deutsche Bank AG 4.20 3/22/2016 EUR 72.00
Deutsche Bank AG 3.20 12/20/2016 EUR 56.80
Deutsche Bank AG 3.20 9/20/2016 EUR 72.60
Deutsche Bank AG 3.20 10/26/2016 EUR 75.70
Deutsche Bank AG 3.20 12/20/2016 EUR 51.30
Deutsche Bank AG 3.20 7/20/2016 EUR 72.40
Deutsche Bank AG 3.20 7/20/2016 EUR 55.60
Deutsche Bank AG 3.20 11/23/2016 EUR 72.60
Deutsche Bank AG 3.20 7/20/2016 EUR 52.80
Deutsche Bank AG 3.20 11/23/2016 EUR 56.60
Deutsche Bank AG 8.20 10/26/2016 EUR 51.70
Deutsche Bank AG 5.20 11/23/2016 EUR 72.20
Societe Generale Effekten 5.21 8/8/2016 EUR 58.35
Deutsche Bank AG 5.20 7/6/2016 EUR 57.30
Deutsche Bank AG 5.20 8/24/2016 EUR 64.50
Deutsche Bank AG 5.20 8/24/2016 EUR 61.10
Deutsche Bank AG 7.20 8/24/2016 EUR 59.70
Deutsche Bank AG 7.20 11/23/2016 EUR 61.40
UniCredit Bank AG 4.65 6/23/2016 EUR 54.26
UniCredit Bank AG 4.00 6/23/2016 EUR 57.62
UniCredit Bank AG 4.85 6/23/2016 EUR 53.33
UniCredit Bank AG 4.45 6/23/2016 EUR 55.25
UniCredit Bank AG 4.00 6/23/2016 EUR 78.26
DZ Bank AG Deutsche Zentra 6.70 6/20/2016 EUR 62.95
DZ Bank AG Deutsche Zentra 5.10 9/19/2016 EUR 63.04
DZ Bank AG Deutsche Zentra 6.75 9/19/2016 EUR 54.00
Notenstein Privatbank AG 6.34 8/19/2016 CHF 58.44
UniCredit Bank AG 4.55 6/23/2016 EUR 54.75
UniCredit Bank AG 4.75 6/23/2016 EUR 53.79
UniCredit Bank AG 4.40 6/23/2016 EUR 55.49
UniCredit Bank AG 4.60 6/23/2016 EUR 54.51
DZ Bank AG Deutsche Zentra 4.90 12/11/2015 EUR 71.34
DZ Bank AG Deutsche Zentra 6.80 3/21/2016 EUR 71.08
DZ Bank AG Deutsche Zentra 5.90 6/20/2016 EUR 71.79
DZ Bank AG Deutsche Zentra 7.10 6/20/2016 EUR 70.58
DZ Bank AG Deutsche Zentra 5.40 9/19/2016 EUR 72.31
DZ Bank AG Deutsche Zentra 6.30 9/19/2016 EUR 71.22
DZ Bank AG Deutsche Zentra 7.30 9/19/2016 EUR 70.27
DZ Bank AG Deutsche Zentra 4.70 12/21/2015 EUR 74.37
DZ Bank AG Deutsche Zentra 6.20 12/21/2015 EUR 72.16
DZ Bank AG Deutsche Zentra 7.90 3/21/2016 EUR 48.68
DZ Bank AG Deutsche Zentra 7.10 6/20/2016 EUR 49.76
DZ Bank AG Deutsche Zentra 6.00 3/21/2016 EUR 67.43
DZ Bank AG Deutsche Zentra 7.00 6/20/2016 EUR 67.33
HSBC Trinkaus & Burkhardt 10.40 3/25/2016 EUR 70.44
HSBC Trinkaus & Burkhardt 6.40 3/25/2016 EUR 73.90
HSBC Trinkaus & Burkhardt 7.40 6/24/2016 EUR 74.09
HSBC Trinkaus & Burkhardt 11.30 9/23/2016 EUR 71.44
Deutsche Bank AG 4.20 11/23/2016 EUR 54.90
Deutsche Bank AG 8.20 9/20/2016 EUR 50.80
Deutsche Bank AG 4.20 10/26/2016 EUR 54.60
Deutsche Bank AG 4.20 11/23/2016 EUR 73.60
Deutsche Bank AG 5.20 9/20/2016 EUR 74.90
Deutsche Bank AG 5.20 3/21/2017 EUR 67.00
Deutsche Bank AG 5.20 3/21/2017 EUR 63.80
Deutsche Bank AG 5.20 3/21/2017 EUR 60.90
Deutsche Bank AG 3.18 7/6/2016 EUR 58.50
Commerzbank AG 12.00 2/25/2016 EUR 68.98
Commerzbank AG 10.50 6/23/2016 EUR 70.16
Commerzbank AG 9.50 6/23/2016 EUR 52.97
Commerzbank AG 9.00 6/23/2016 EUR 69.89
DZ Bank AG Deutsche Zentra 8.00 6/20/2016 EUR 74.70
DZ Bank AG Deutsche Zentra 6.20 9/19/2016 EUR 74.59
DZ Bank AG Deutsche Zentra 6.70 9/19/2016 EUR 72.96
DZ Bank AG Deutsche Zentra 8.90 12/21/2015 EUR 48.79
DZ Bank AG Deutsche Zentra 7.90 3/21/2016 EUR 50.64
DZ Bank AG Deutsche Zentra 5.30 6/20/2016 EUR 53.49
DZ Bank AG Deutsche Zentra 6.70 6/20/2016 EUR 52.42
DZ Bank AG Deutsche Zentra 7.40 6/20/2016 EUR 51.88
UBS AG 8.50 7/8/2016 EUR 73.18
UBS AG 6.30 1/15/2016 EUR 75.42
UBS AG 5.50 1/15/2016 EUR 49.80
Deutsche Bank AG 3.20 9/20/2016 EUR 50.80
Deutsche Bank AG 4.20 6/21/2016 EUR 59.60
Deutsche Bank AG 6.20 9/20/2016 EUR 65.70
Deutsche Bank AG 5.20 9/20/2016 EUR 64.80
Deutsche Bank AG 3.20 11/23/2016 EUR 53.90
Deutsche Bank AG 3.20 10/26/2016 EUR 51.10
Deutsche Bank AG 3.20 9/20/2016 EUR 53.30
Deutsche Bank AG 5.20 12/20/2016 EUR 66.00
Deutsche Bank AG 3.20 12/20/2016 EUR 54.10
Deutsche Bank AG 6.20 12/20/2016 EUR 63.80
Deutsche Bank AG 4.20 12/20/2016 EUR 61.50
Deutsche Bank AG 5.20 12/20/2016 EUR 59.60
Deutsche Bank AG 6.20 12/20/2016 EUR 60.80
Deutsche Bank AG 4.20 12/20/2016 EUR 58.50
Deutsche Bank AG 3.20 8/24/2016 EUR 53.10
Deutsche Bank AG 6.20 3/22/2016 EUR 72.70
Deutsche Bank AG 5.20 3/22/2016 EUR 72.40
Deutsche Bank AG 4.20 3/22/2016 EUR 59.30
Deutsche Bank AG 3.20 7/20/2016 EUR 50.30
Deutsche Bank AG 3.20 11/23/2016 EUR 51.40
Deutsche Bank AG 3.20 8/24/2016 EUR 55.90
Deutsche Bank AG 3.20 10/26/2016 EUR 72.60
Deutsche Bank AG 3.20 8/24/2016 EUR 72.50
Deutsche Bank AG 3.20 8/24/2016 EUR 50.60
Deutsche Bank AG 3.20 6/21/2016 EUR 72.40
Goldman Sachs & Co Wertpap 23.00 12/23/2015 EUR 73.24
Goldman Sachs & Co Wertpap 22.00 6/22/2016 EUR 75.24
Deutsche Bank AG 7.50 6/21/2016 EUR 52.46
Deutsche Bank AG 5.50 6/21/2016 EUR 51.21
Deutsche Bank AG 7.50 9/20/2016 EUR 54.28
Deutsche Bank AG 5.50 9/20/2016 EUR 52.53
Deutsche Bank AG 7.50 9/20/2016 EUR 54.28
LBBW 4.20 7/22/2016 EUR 72.96
Deutsche Bank AG 7.50 9/20/2016 EUR 54.28
Deutsche Bank AG 5.50 9/20/2016 EUR 52.53
Deutsche Bank AG 7.50 12/20/2016 EUR 56.11
Deutsche Bank AG 5.50 12/20/2016 EUR 53.86
Barclays Bank PLC 4.17 1/5/2017 EUR 29.51
Barclays Bank PLC 4.17 1/5/2017 EUR 42.32
Vontobel Financial Product 5.00 12/23/2016 EUR 62.36
LBBW 3.25 6/23/2017 EUR 64.56
Deutsche Bank AG 7.50 3/22/2016 EUR 51.17
Deutsche Bank AG 5.50 3/22/2016 EUR 50.42
Deutsche Bank AG 5.50 3/22/2016 EUR 50.42
Deutsche Bank AG 7.50 3/22/2016 EUR 51.18
Deutsche Bank AG 5.50 6/21/2016 EUR 51.21
Deutsche Bank AG 7.50 6/21/2016 EUR 52.46
LBBW 4.00 7/22/2016 EUR 50.93
Deutsche Bank AG 7.50 12/20/2016 EUR 56.11
Deutsche Bank AG 5.50 12/20/2016 EUR 53.86
Bank Julius Baer & Co Ltd/ 9.00 8/2/2016 EUR 54.80
Bank Julius Baer & Co Ltd/ 7.30 1/19/2016 CHF 53.90
Bank Julius Baer & Co Ltd/ 7.50 1/19/2016 USD 53.80
LBBW 4.00 7/22/2016 EUR 71.53
Goldman Sachs & Co Wertpap 21.00 3/23/2016 EUR 74.38
Goldman Sachs & Co Wertpap 6.00 6/21/2017 EUR 68.86
Vontobel Financial Product 6.30 8/26/2016 EUR 52.63
Goldman Sachs & Co Wertpap 11.00 9/21/2016 EUR 73.28
Goldman Sachs & Co Wertpap 16.00 12/23/2015 EUR 50.64
Goldman Sachs & Co Wertpap 5.00 4/20/2016 EUR 51.02
Goldman Sachs & Co Wertpap 6.00 5/25/2016 EUR 51.71
Goldman Sachs & Co Wertpap 6.00 9/21/2016 EUR 53.68
Leonteq Securities AG 9.40 10/24/2016 EUR 52.29
Credit Suisse AG/London 2.75 1/29/2019 SEK 51.80
Vontobel Financial Product 8.55 12/11/2015 EUR 47.13
Vontobel Financial Product 18.25 12/11/2015 EUR 43.92
Vontobel Financial Product 2.05 12/12/2016 EUR 57.42
Vontobel Financial Product 3.70 9/9/2016 EUR 54.09
Vontobel Financial Product 3.75 12/18/2015 EUR 63.37
Vontobel Financial Product 3.65 6/10/2016 EUR 67.47
Vontobel Financial Product 3.85 9/9/2016 EUR 67.66
Vontobel Financial Product 5.35 9/9/2016 EUR 65.47
Vontobel Financial Product 6.95 9/9/2016 EUR 63.62
Vontobel Financial Product 5.70 9/9/2016 EUR 75.08
Vontobel Financial Product 5.10 9/9/2016 EUR 58.33
Vontobel Financial Product 9.05 6/17/2016 EUR 54.86
Vontobel Financial Product 7.95 6/10/2016 EUR 55.29
Leonteq Securities AG 10.00 7/13/2016 EUR 56.65
UBS AG/London 7.50 7/3/2017 EUR 53.46
Vontobel Financial Product 7.90 3/11/2016 EUR 54.22
Vontobel Financial Product 4.35 9/9/2016 EUR 73.16
Vontobel Financial Product 4.60 6/10/2016 EUR 72.63
Vontobel Financial Product 5.10 12/2/2016 EUR 56.30
Landesbank Hessen-Thuering 3.00 10/31/2016 EUR 62.60
DZ Bank AG Deutsche Zentra 7.25 3/29/2016 EUR 59.05
DZ Bank AG Deutsche Zentra 6.50 12/11/2015 EUR 70.37
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 30.54
HSBC Trinkaus & Burkhardt 6.40 12/28/2015 EUR 72.74
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 44.51
HSBC Trinkaus & Burkhardt 7.40 12/28/2015 EUR 47.26
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 26.19
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 55.04
Leonteq Securities AG/Guer 5.99 9/11/2017 EUR 54.72
Vontobel Financial Product 9.10 12/11/2015 EUR 67.67
Vontobel Financial Product 5.65 3/11/2016 EUR 70.66
Vontobel Financial Product 7.00 12/11/2015 EUR 46.76
Goldman Sachs & Co Wertpap 3.00 12/23/2015 EUR 70.82
Goldman Sachs & Co Wertpap 13.00 12/23/2015 EUR 72.00
Goldman Sachs & Co Wertpap 3.00 2/24/2016 EUR 70.83
Goldman Sachs & Co Wertpap 11.00 2/24/2016 EUR 73.15
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 73.67
Goldman Sachs & Co Wertpap 5.00 4/20/2016 EUR 71.70
Goldman Sachs & Co Wertpap 10.00 4/20/2016 EUR 73.92
Goldman Sachs & Co Wertpap 10.00 4/20/2016 EUR 73.92
Goldman Sachs & Co Wertpap 4.00 5/25/2016 EUR 69.37
Goldman Sachs & Co Wertpap 6.00 5/25/2016 EUR 70.45
Goldman Sachs & Co Wertpap 7.00 5/25/2016 EUR 70.99
Goldman Sachs & Co Wertpap 10.00 5/25/2016 EUR 72.61
Goldman Sachs & Co Wertpap 11.00 5/25/2016 EUR 73.14
Goldman Sachs & Co Wertpap 11.00 5/25/2016 EUR 73.18
Goldman Sachs & Co Wertpap 5.00 6/22/2016 EUR 70.19
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 73.89
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 73.89
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 73.89
Goldman Sachs & Co Wertpap 7.00 9/21/2016 EUR 72.67
Goldman Sachs & Co Wertpap 8.00 12/21/2016 EUR 74.74
Goldman Sachs & Co Wertpap 6.00 3/22/2017 EUR 73.24
Goldman Sachs & Co Wertpap 7.00 3/22/2017 EUR 74.60
Goldman Sachs & Co Wertpap 6.00 6/21/2017 EUR 72.84
Goldman Sachs & Co Wertpap 12.00 3/23/2016 EUR 50.86
Goldman Sachs & Co Wertpap 3.00 4/20/2016 EUR 47.82
Goldman Sachs & Co Wertpap 8.00 4/20/2016 EUR 50.03
Goldman Sachs & Co Wertpap 10.00 4/20/2016 EUR 50.92
Goldman Sachs & Co Wertpap 11.00 4/20/2016 EUR 51.36
Goldman Sachs & Co Wertpap 11.00 4/20/2016 EUR 51.36
Goldman Sachs & Co Wertpap 11.00 4/20/2016 EUR 51.36
Goldman Sachs & Co Wertpap 4.00 5/25/2016 EUR 48.33
Goldman Sachs & Co Wertpap 7.00 5/25/2016 EUR 49.95
Goldman Sachs & Co Wertpap 10.00 5/25/2016 EUR 51.57
Goldman Sachs & Co Wertpap 8.00 7/20/2016 EUR 51.75
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 53.13
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 53.13
Goldman Sachs & Co Wertpap 11.00 7/20/2016 EUR 53.82
Goldman Sachs & Co Wertpap 11.00 7/20/2016 EUR 53.82
Goldman Sachs & Co Wertpap 7.00 9/21/2016 EUR 52.26
Goldman Sachs & Co Wertpap 8.00 9/21/2016 EUR 53.13
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 54.85
Goldman Sachs & Co Wertpap 4.00 12/21/2016 EUR 50.59
Goldman Sachs & Co Wertpap 7.00 12/21/2016 EUR 53.93
Goldman Sachs & Co Wertpap 8.00 12/21/2016 EUR 55.04
Goldman Sachs & Co Wertpap 8.00 12/21/2016 EUR 55.04
Goldman Sachs & Co Wertpap 9.00 12/21/2016 EUR 56.16
Goldman Sachs & Co Wertpap 5.00 3/22/2017 EUR 52.90
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 56.98
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 56.98
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 56.98
Goldman Sachs & Co Wertpap 5.00 6/21/2017 EUR 53.43
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 58.25
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 58.25
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 58.25
UBS AG/London 7.00 6/26/2017 EUR 55.29
Landesbank Hessen-Thuering 4.00 7/31/2019 EUR 64.90
Vontobel Financial Product 7.55 7/22/2016 EUR 50.93
BNP Paribas Emissions- und 3.75 12/24/2015 EUR 56.32
BNP Paribas Emissions- und 5.75 12/24/2015 EUR 51.00
DZ Bank AG Deutsche Zentra 2.75 12/28/2015 EUR 56.09
DZ Bank AG Deutsche Zentra 5.30 3/21/2016 EUR 72.61
DZ Bank AG Deutsche Zentra 5.00 9/19/2016 EUR 51.63
DZ Bank AG Deutsche Zentra 5.00 12/21/2015 EUR 74.23
DZ Bank AG Deutsche Zentra 9.75 12/21/2015 EUR 62.71
DZ Bank AG Deutsche Zentra 5.75 6/20/2016 EUR 66.57
DZ Bank AG Deutsche Zentra 7.50 9/19/2016 EUR 69.19
HSBC Trinkaus & Burkhardt 6.80 9/23/2016 EUR 74.86
HSBC Trinkaus & Burkhardt 7.80 12/23/2016 EUR 73.93
HSBC Trinkaus & Burkhardt 10.20 1/22/2016 EUR 70.71
HSBC Trinkaus & Burkhardt 9.50 2/26/2016 EUR 71.28
HSBC Trinkaus & Burkhardt 10.00 5/27/2016 EUR 71.96
Leonteq Securities AG/Guer 4.68 8/29/2017 CHF 53.23
Vontobel Financial Product 4.95 12/28/2015 EUR 75.18
DZ Bank AG Deutsche Zentra 4.60 12/11/2015 EUR 74.71
Vontobel Financial Product 6.30 12/28/2015 EUR 56.53
Vontobel Financial Product 5.80 12/28/2015 EUR 48.59
Vontobel Financial Product 5.35 12/28/2015 EUR 58.05
Leonteq Securities AG/Guer 12.00 12/15/2015 CHF 46.28
Leonteq Securities AG/Guer 8.00 12/15/2015 CHF 56.95
Deutsche Bank AG 4.50 3/22/2016 EUR 78.50
Deutsche Bank AG 6.50 3/22/2016 EUR 79.30
Deutsche Bank AG 6.50 6/21/2016 EUR 78.90
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 72.18
Goldman Sachs & Co Wertpap 10.00 3/23/2016 EUR 68.45
Deutsche Bank AG 4.50 12/20/2016 EUR 72.80
Goldman Sachs & Co Wertpap 5.00 3/23/2016 EUR 53.50
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 51.97
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 47.76
Goldman Sachs & Co Wertpap 10.00 3/23/2016 EUR 45.71
Deutsche Bank AG 4.50 9/20/2016 EUR 78.00
Deutsche Bank AG 6.50 3/22/2016 EUR 72.60
Deutsche Bank AG 4.50 3/22/2016 EUR 71.90
Goldman Sachs & Co Wertpap 4.00 3/23/2016 EUR 66.52
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 63.28
LBBW 3.70 7/27/2018 EUR 56.69
DZ Bank AG Deutsche Zentra 5.70 12/11/2015 EUR 71.99
BNP Paribas Emissions- und 6.00 12/24/2015 EUR 45.49
Deutsche Bank AG 4.50 9/20/2016 EUR 56.70
Deutsche Bank AG 6.50 6/21/2016 EUR 53.30
Vontobel Financial Product 6.95 12/28/2015 EUR 45.55
Vontobel Financial Product 8.00 7/22/2016 EUR 51.68
Deutsche Bank AG 4.50 3/22/2016 EUR 56.50
Deutsche Bank AG 6.50 9/20/2016 EUR 58.40
Deutsche Bank AG 6.50 9/20/2016 EUR 54.80
Deutsche Bank AG 6.50 12/20/2016 EUR 56.40
Deutsche Bank AG 8.20 6/21/2016 EUR 73.80
DZ Bank AG Deutsche Zentra 4.50 12/11/2015 EUR 58.89
DZ Bank AG Deutsche Zentra 5.00 12/11/2015 EUR 58.93
Deutsche Bank AG 4.50 9/20/2016 EUR 75.20
Commerzbank AG 7.50 6/23/2016 EUR 74.63
Commerzbank AG 9.25 6/23/2016 EUR 72.28
Commerzbank AG 11.25 6/23/2016 EUR 70.33
Zurcher Kantonalbank Finan 9.00 7/17/2017 EUR 65.47
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 71.81
Goldman Sachs & Co Wertpap 5.00 3/23/2016 EUR 46.49
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 47.59
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 47.59
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 59.57
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 59.57
HSBC Trinkaus & Burkhardt 8.20 6/24/2016 EUR 55.79
EFG International Finance 7.20 6/26/2017 GBP 55.57
Vontobel Financial Product 3.10 1/2/2017 EUR 47.00
Commerzbank AG 6.00 6/23/2016 EUR 71.82
Commerzbank AG 6.75 6/23/2016 EUR 71.00
Commerzbank AG 7.50 6/23/2016 EUR 70.23
Commerzbank AG 8.50 6/23/2016 EUR 69.64
Commerzbank AG 3.75 6/23/2016 EUR 52.55
Commerzbank AG 5.25 6/23/2016 EUR 51.31
Commerzbank AG 6.00 6/23/2016 EUR 50.76
Commerzbank AG 6.75 6/23/2016 EUR 50.24
Commerzbank AG 7.75 6/23/2016 EUR 49.93
Commerzbank AG 8.50 6/23/2016 EUR 49.50
Commerzbank AG 4.50 6/23/2016 EUR 60.42
Commerzbank AG 5.25 6/23/2016 EUR 59.26
Commerzbank AG 9.75 6/23/2016 EUR 55.09
LBBW 2.50 12/23/2016 EUR 61.01
LBBW 3.50 12/23/2016 EUR 59.11
LBBW 3.00 2/26/2016 EUR 51.27
DZ Bank AG Deutsche Zentra 14.00 2/26/2016 EUR 72.31
DZ Bank AG Deutsche Zentra 5.75 6/24/2016 EUR 74.87
Vontobel Financial Product 2.50 9/9/2016 EUR 55.87
Vontobel Financial Product 6.30 6/10/2016 EUR 74.57
Vontobel Financial Product 7.35 3/11/2016 EUR 72.30
Vontobel Financial Product 4.80 3/11/2016 EUR 74.93
Banque Cantonale Vaudoise/ 8.25 8/17/2016 EUR 56.06
Leonteq Securities AG/Guer 9.12 7/13/2016 CHF 56.24
UBS AG 22.25 3/29/2016 EUR 48.91
UBS AG 22.50 12/29/2015 EUR 74.49
UBS AG 5.00 6/24/2016 EUR 62.07
UBS AG 25.00 12/29/2015 EUR 43.55
UBS AG 14.00 3/29/2016 EUR 72.09
UBS AG 13.00 6/24/2016 EUR 73.65
UBS AG 14.00 6/24/2016 EUR 70.51
UBS AG 8.50 3/29/2016 EUR 74.16
UBS AG 21.25 3/29/2016 EUR 49.50
UBS AG 7.25 6/24/2016 EUR 75.18
DZ Bank AG Deutsche Zentra 6.50 12/23/2016 EUR 67.55
UBS AG 9.50 3/29/2016 EUR 71.02
UBS AG 22.50 12/29/2015 EUR 74.44
UBS AG 13.25 3/29/2016 EUR 62.14
UBS AG 10.25 6/24/2016 EUR 68.35
DZ Bank AG Deutsche Zentra 6.25 8/26/2016 EUR 72.54
UBS AG/London 5.75 7/22/2016 CHF 50.00
UBS AG 11.75 6/24/2016 EUR 65.56
UBS AG 16.25 6/24/2016 EUR 65.48
UBS AG 11.75 3/29/2016 EUR 65.10
DZ Bank AG Deutsche Zentra 4.00 11/22/2017 EUR 68.43
Vontobel Financial Product 4.75 9/23/2016 EUR 62.61
Vontobel Financial Product 13.00 9/23/2016 EUR 59.80
Vontobel Financial Product 8.80 12/23/2016 EUR 60.90
Vontobel Financial Product 6.85 12/23/2016 EUR 61.44
Vontobel Financial Product 10.80 12/23/2016 EUR 60.66
Vontobel Financial Product 15.60 9/23/2016 EUR 59.78
Banque Cantonale Vaudoise/ 6.72 8/19/2016 EUR 59.26
UBS AG 21.25 3/29/2016 EUR 60.74
UBS AG 8.75 3/29/2016 EUR 51.23
HSBC Trinkaus & Burkhardt 10.70 6/24/2016 EUR 58.66
HSBC Trinkaus & Burkhardt 8.50 9/23/2016 EUR 60.64
UBS AG 23.00 12/29/2015 EUR 57.79
UBS AG 24.25 12/29/2015 EUR 58.16
UBS AG 16.50 6/24/2016 EUR 42.89
UBS AG 8.50 6/24/2016 EUR 76.05
UBS AG 16.75 6/24/2016 EUR 57.16
UBS AG 24.50 12/29/2015 EUR 30.96
UBS AG 23.50 12/29/2015 EUR 25.58
UBS AG 21.75 12/29/2015 EUR 47.61
UBS AG 18.75 3/29/2016 EUR 60.57
DZ Bank AG Deutsche Zentra 8.25 12/23/2016 EUR 57.35
UBS AG 11.50 6/24/2016 EUR 47.95
UBS AG 17.25 6/24/2016 EUR 63.34
UBS AG 12.75 3/29/2016 EUR 75.97
UBS AG 21.50 3/29/2016 EUR 63.31
DZ Bank AG Deutsche Zentra 5.75 8/26/2016 EUR 71.39
UBS AG 9.50 6/24/2016 EUR 73.25
UBS AG 10.25 6/24/2016 EUR 49.89
LBBW 2.60 8/23/2019 EUR 68.49
Goldman Sachs & Co Wertpap 8.00 5/25/2016 EUR 75.27
Goldman Sachs & Co Wertpap 24.00 3/23/2016 EUR 51.62
Goldman Sachs & Co Wertpap 6.00 4/20/2016 EUR 57.31
Goldman Sachs & Co Wertpap 13.00 7/20/2016 EUR 55.58
Glitnir HF 5.24 12/22/2010 USD 27.13
LBBW 4.00 8/26/2016 EUR 51.59
HSBC Trinkaus & Burkhardt 7.30 9/23/2016 EUR 70.35
UBS AG 24.00 12/29/2015 EUR 44.42
UBS AG 19.25 3/29/2016 EUR 52.21
UBS AG 19.75 6/24/2016 EUR 53.76
UBS AG 18.00 6/24/2016 EUR 56.14
Vontobel Financial Product 8.65 3/29/2016 EUR 69.03
UBS AG 13.25 6/24/2016 EUR 64.45
Vontobel Financial Product 13.00 6/24/2016 EUR 72.30
Vontobel Financial Product 11.00 9/23/2016 EUR 73.61
Vontobel Financial Product 10.00 12/23/2016 EUR 75.25
LBBW 5.00 2/26/2016 EUR 58.44
LBBW 3.50 2/26/2016 EUR 62.86
LBBW 4.50 2/26/2016 EUR 59.13
UBS AG 7.00 6/24/2016 EUR 50.93
UniCredit Bank AG 5.70 8/19/2016 EUR 73.93
UBS AG 8.50 3/29/2016 EUR 72.26
Vontobel Financial Product 8.10 6/24/2016 EUR 68.94
Vontobel Financial Product 12.90 12/28/2015 EUR 67.49
Vontobel Financial Product 14.25 3/29/2016 EUR 71.74
Vontobel Financial Product 9.45 3/29/2016 EUR 74.67
Vontobel Financial Product 9.60 6/24/2016 EUR 74.65
Vontobel Financial Product 8.50 9/23/2016 EUR 75.75
Vontobel Financial Product 7.65 12/23/2016 EUR 76.83
LBBW 4.00 2/26/2016 EUR 61.96
LBBW 5.50 2/26/2016 EUR 56.13
UBS AG 10.25 3/29/2016 EUR 57.84
UBS AG 5.75 6/24/2016 EUR 57.76
UBS AG 5.25 12/29/2015 EUR 42.26
UBS AG 6.50 3/29/2016 EUR 44.38
Vontobel Financial Product 13.80 3/29/2016 EUR 64.48
Vontobel Financial Product 14.75 6/24/2016 EUR 65.58
Vontobel Financial Product 12.00 9/23/2016 EUR 66.79
Vontobel Financial Product 8.00 12/23/2016 EUR 69.49
Vontobel Financial Product 6.50 12/23/2016 EUR 70.49
Commerzbank AG 6.00 1/21/2016 EUR 59.73
Vontobel Financial Product 10.45 3/29/2016 EUR 65.89
DZ Bank AG Deutsche Zentra 5.50 3/21/2016 EUR 63.39
DZ Bank AG Deutsche Zentra 5.10 12/19/2016 EUR 65.83
DZ Bank AG Deutsche Zentra 5.70 12/19/2016 EUR 64.72
DZ Bank AG Deutsche Zentra 6.80 12/19/2016 EUR 64.14
Commerzbank AG 13.50 4/21/2016 EUR 73.37
DekaBank Deutsche Girozent 4.15 1/28/2016 EUR 53.29
DZ Bank AG Deutsche Zentra 6.00 9/23/2016 EUR
DZ Bank AG Deutsche Zentra 6.50 9/23/2016 EUR 71.74
BNP Paribas Emissions- und 4.00 6/23/2016 EUR 75.27
BNP Paribas Emissions- und 7.00 6/23/2016 EUR 73.45
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 71.93
UBS AG/London 22.25 6/24/2016 EUR 40.06
UBS AG/London 4.25 12/23/2016 EUR 68.01
UBS AG/London 23.00 12/29/2015 EUR 70.97
UBS AG/London 5.50 12/23/2016 EUR 64.17
UBS AG/London 4.50 12/23/2016 EUR 66.46
UBS AG/London 23.50 6/24/2016 EUR 73.41
Vontobel Financial Product 8.85 6/24/2016 EUR 60.99
UBS AG/London 19.25 6/24/2016 EUR 49.22
Zurcher Kantonalbank Finan 7.92 8/19/2016 EUR 62.27
UBS AG/London 24.50 12/29/2015 EUR 61.24
UBS AG/London 24.75 3/29/2016 EUR 36.34
UBS AG/London 5.75 6/24/2016 EUR 51.94
Vontobel Financial Product 9.20 9/23/2016 EUR 73.41
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 70.60
Goldman Sachs & Co Wertpap 7.00 12/23/2015 EUR 58.19
Goldman Sachs & Co Wertpap 9.00 12/23/2015 EUR 58.42
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 58.54
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 58.54
DZ Bank AG Deutsche Zentra 5.75 3/29/2016 EUR 53.41
DZ Bank AG Deutsche Zentra 6.00 6/24/2016 EUR 54.47
DZ Bank AG Deutsche Zentra 5.25 9/23/2016 EUR 55.25
Leonteq Securities AG/Guer 5.00 8/22/2016 CHF 59.48
Vontobel Financial Product 7.55 9/23/2016 EUR 53.88
Vontobel Financial Product 6.20 12/28/2015 EUR 61.74
Vontobel Financial Product 9.20 3/29/2016 EUR 51.11
Notenstein Privatbank AG 6.20 2/21/2017 EUR 62.33
UBS AG/London 24.50 6/24/2016 EUR 74.01
BNP Paribas Emissions- und 24.00 12/24/2015 EUR 75.61
BNP Paribas Emissions- und 13.00 12/24/2015 EUR 73.71
BNP Paribas Emissions- und 12.00 12/24/2015 EUR 73.29
BNP Paribas Emissions- und 16.00 12/24/2015 EUR 70.17
BNP Paribas Emissions- und 18.00 12/24/2015 EUR 67.15
BNP Paribas Emissions- und 25.00 12/24/2015 EUR 65.00
BNP Paribas Emissions- und 15.00 3/24/2016 EUR 70.51
BNP Paribas Emissions- und 13.00 9/22/2016 EUR 72.20
UBS AG/London 24.25 12/29/2015 EUR 69.10
UBS AG/London 10.75 12/29/2015 EUR 45.61
UBS AG/London 5.00 12/22/2017 EUR 74.79
UBS AG/London 6.50 12/29/2015 EUR 48.41
UBS AG/London 9.00 12/29/2015 EUR 54.30
UBS AG/London 8.00 12/29/2015 EUR 68.04
UBS AG/London 10.75 6/24/2016 EUR 48.11
UBS AG/London 20.75 3/29/2016 EUR 73.93
UBS AG/London 14.00 12/23/2016 EUR 54.73
UBS AG/London 7.50 6/24/2016 EUR 68.71
UBS AG/London 23.75 6/24/2016 EUR 52.32
UBS AG/London 20.75 6/24/2016 EUR 73.08
Leonteq Securities AG/Guer 8.00 8/15/2016 CHF 55.09
Leonteq Securities AG/Guer 9.60 11/18/2015 CHF 36.22
UBS AG/London 22.00 12/29/2015 EUR 72.37
UBS AG/London 23.00 3/29/2016 EUR 70.66
UBS AG/London 24.25 12/29/2015 EUR 53.67
UBS AG/London 22.50 6/24/2016 EUR 76.65
UBS AG/London 25.00 3/29/2016 EUR 73.59
UBS AG/London 6.00 6/24/2016 EUR 72.12
UBS AG/London 6.75 12/23/2016 EUR 70.98
Leonteq Securities AG/Guer 14.20 11/18/2015 CHF 73.99
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 55.38
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 55.38
Goldman Sachs & Co Wertpap 11.00 4/20/2016 EUR 56.25
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 57.81
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 57.81
Vontobel Financial Product 19.20 3/29/2016 EUR 69.53
Vontobel Financial Product 10.00 12/23/2016 EUR 58.60
Vontobel Financial Product 8.10 12/23/2016 EUR 58.84
Vontobel Financial Product 13.45 12/28/2015 EUR 67.98
Vontobel Financial Product 18.75 12/28/2015 EUR 61.32
UBS AG/London 6.75 12/29/2015 EUR 69.11
UBS AG/London 24.25 12/29/2015 EUR 72.82
UBS AG/London 6.50 6/24/2016 EUR 67.33
UBS AG/London 22.50 6/24/2016 EUR 47.41
UBS AG/London 15.50 12/29/2015 EUR 73.46
UBS AG/London 5.25 6/24/2016 EUR 70.15
UBS AG/London 23.00 12/29/2015 EUR 62.91
Vontobel Financial Product 9.25 3/29/2016 EUR 59.30
UBS AG/London 7.75 12/22/2017 EUR 53.77
UBS AG/London 4.00 6/24/2016 EUR 66.44
UBS AG/London 23.50 12/29/2015 EUR 74.79
UBS AG/London 18.50 12/29/2015 EUR 36.82
UBS AG/London 5.50 3/29/2016 EUR 61.11
Vontobel Financial Product 12.25 9/23/2016 EUR 71.37
UBS AG 18.50 12/29/2015 EUR 62.78
Vontobel Financial Product 11.70 12/23/2016 EUR 72.40
UBS AG 22.25 12/29/2015 EUR 72.40
DZ Bank AG Deutsche Zentra 6.80 7/20/2016 EUR 53.02
DZ Bank AG Deutsche Zentra 8.25 6/24/2016 EUR 51.04
DZ Bank AG Deutsche Zentra 6.75 9/23/2016 EUR 51.77
Goldman Sachs & Co Wertpap 4.00 12/23/2015 EUR 67.46
Goldman Sachs & Co Wertpap 4.00 1/20/2016 EUR 67.67
Goldman Sachs & Co Wertpap 3.00 4/20/2016 EUR 67.67
Goldman Sachs & Co Wertpap 3.00 5/25/2016 EUR 65.78
Goldman Sachs & Co Wertpap 3.00 6/22/2016 EUR 65.97
Goldman Sachs & Co Wertpap 4.00 7/20/2016 EUR 66.78
Goldman Sachs & Co Wertpap 3.00 12/23/2015 EUR 44.67
Goldman Sachs & Co Wertpap 3.00 1/20/2016 EUR 44.92
Goldman Sachs & Co Wertpap 4.00 2/24/2016 EUR 45.50
Goldman Sachs & Co Wertpap 6.00 3/22/2017 EUR 52.21
Goldman Sachs & Co Wertpap 6.00 3/22/2017 EUR 52.21
UBS AG 14.50 12/29/2015 EUR 65.92
UBS AG 16.25 12/29/2015 EUR 61.20
UBS AG 16.25 12/29/2015 EUR 66.61
UBS AG 23.25 12/29/2015 EUR 68.86
LBBW 4.50 8/26/2016 EUR 69.05
LBBW 5.50 8/26/2016 EUR 68.40
LBBW 3.00 8/26/2016 EUR 68.00
LBBW 4.50 8/26/2016 EUR 65.80
LBBW 6.00 8/26/2016 EUR 64.47
UBS AG 6.25 12/29/2015 EUR 64.35
UBS AG 15.25 12/29/2015 EUR 69.89
UBS AG 24.00 12/29/2015 EUR 62.65
UBS AG 20.75 12/29/2015 EUR 68.86
UBS AG 5.25 12/29/2015 EUR 70.29
UBS AG 4.00 12/29/2015 EUR 62.87
UBS AG 20.75 12/29/2015 EUR 58.21
UBS AG 19.75 12/29/2015 EUR 56.08
UBS AG 20.50 12/29/2015 EUR 54.25
Goldman Sachs & Co Wertpap 12.00 4/20/2016 EUR 59.53
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 61.68
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 61.68
Goldman Sachs & Co Wertpap 11.00 8/24/2016 EUR 62.47
Goldman Sachs & Co Wertpap 8.00 9/21/2016 EUR 60.69
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 65.38
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 65.38
UBS AG 14.50 12/29/2015 EUR 68.87
UBS AG 19.75 12/29/2015 EUR 60.41
UBS AG 22.75 12/29/2015 EUR 50.13
UBS AG 22.75 12/29/2015 EUR 64.55
Goldman Sachs & Co Wertpap 5.00 5/25/2016 EUR 73.15
Goldman Sachs & Co Wertpap 17.00 12/23/2015 EUR 56.18
Goldman Sachs & Co Wertpap 13.00 5/25/2016 EUR 60.84
Goldman Sachs & Co Wertpap 8.00 7/20/2016 EUR 59.37
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 60.75
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 62.42
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 62.42
Goldman Sachs & Co Wertpap 6.00 12/21/2016 EUR 60.26
Goldman Sachs & Co Wertpap 8.00 12/21/2016 EUR 62.48
Goldman Sachs & Co Wertpap 8.00 12/21/2016 EUR 62.48
Goldman Sachs & Co Wertpap 7.00 3/22/2017 EUR 62.94
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 64.31
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 64.31
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 64.31
Goldman Sachs & Co Wertpap 7.00 6/21/2017 EUR 63.77
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 65.38
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 65.38
UBS AG 11.75 12/29/2015 EUR 75.00
UBS AG 22.25 12/29/2015 EUR 61.48
Vontobel Financial Product 13.95 9/23/2016 EUR 71.42
UBS AG 22.25 12/29/2015 EUR 32.67
Vontobel Financial Product 10.00 12/23/2016 EUR 73.34
Vontobel Financial Product 6.75 8/26/2016 EUR 58.04
DekaBank Deutsche Girozent 5.40 8/12/2016 EUR 54.50
UBS AG 4.75 12/29/2015 EUR 73.71
UBS AG 5.75 12/29/2015 EUR 67.19
UBS AG 9.50 12/29/2015 EUR 53.41
UBS AG 23.00 12/29/2015 EUR 46.96
LBBW 2.50 8/26/2016 EUR 71.95
LBBW 3.50 8/26/2016 EUR 69.69
HSBC Trinkaus & Burkhardt 8.80 9/23/2016 EUR 51.60
HSBC Trinkaus & Burkhardt 6.50 12/23/2016 EUR 53.22
HSBC Trinkaus & Burkhardt 8.40 1/22/2016 EUR 48.23
HSBC Trinkaus & Burkhardt 8.00 2/26/2016 EUR 48.91
HSBC Trinkaus & Burkhardt 7.10 5/27/2016 EUR 50.35
LBBW 4.00 2/26/2016 EUR 50.34
LBBW 3.00 12/23/2016 EUR 56.08
LBBW 4.00 12/23/2016 EUR 54.67
Deutsche Bank AG 8.20 10/26/2016 EUR 71.60
Deutsche Bank AG 4.20 6/21/2016 EUR 73.00
LBBW 3.00 9/27/2019 EUR 72.60
Deutsche Bank AG 4.20 9/20/2016 EUR 54.20
Deutsche Bank AG 8.20 12/20/2016 EUR 72.50
Deutsche Bank AG 4.20 11/23/2016 EUR 52.40
Deutsche Bank AG 4.20 10/26/2016 EUR 73.50
Deutsche Bank AG 8.20 12/20/2016 EUR 52.90
Deutsche Bank AG 8.20 9/20/2016 EUR 71.00
Deutsche Bank AG 8.20 6/21/2016 EUR 69.30
Deutsche Bank AG 8.20 11/23/2016 EUR 72.00
Deutsche Bank AG 4.20 12/20/2016 EUR 55.20
LBBW 2.00 12/23/2016 EUR 58.17
Deutsche Bank AG 4.50 12/20/2016 EUR 50.50
Deutsche Bank AG 4.50 6/21/2016 EUR 48.30
DZ Bank AG Deutsche Zentra 6.60 9/19/2016 EUR 74.72
DZ Bank AG Deutsche Zentra 5.90 3/21/2016 EUR 53.82
DekaBank Deutsche Girozent 2.15 8/5/2016 EUR 58.57
Deutsche Bank AG 8.50 6/21/2016 EUR 72.04
Deutsche Bank AG 8.50 9/20/2016 EUR 73.64
Deutsche Bank AG 8.50 12/20/2016 EUR 75.04
Goldman Sachs & Co Wertpap 9.00 12/23/2015 EUR 70.42
Deutsche Bank AG 8.50 3/22/2016 EUR 49.24
Deutsche Bank AG 8.50 9/20/2016 EUR 52.90
Goldman Sachs & Co Wertpap 5.00 12/23/2015 EUR 58.00
Notenstein Privatbank AG 9.10 8/29/2016 CHF 45.16
Notenstein Privatbank AG 9.10 8/29/2016 CHF 33.20
Vontobel Financial Product 5.35 12/16/2016 EUR 60.87
Commerzbank AG 6.00 6/23/2016 EUR 73.58
Commerzbank AG 6.50 6/23/2016 EUR 72.27
Commerzbank AG 7.25 6/23/2016 EUR 71.15
Commerzbank AG 5.25 6/23/2016 EUR 63.46
Credit Suisse AG/Nassau 8.00 3/16/2016 USD 60.01
Vontobel Financial Product 7.55 7/22/2016 EUR 50.63
BNP Paribas Emissions- und 7.00 12/24/2015 EUR 74.65
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 68.41
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 41.55
DZ Bank AG Deutsche Zentra 9.00 12/11/2015 EUR 49.52
DZ Bank AG Deutsche Zentra 7.50 12/11/2015 EUR 49.39
Vontobel Financial Product 6.45 12/11/2015 EUR 72.37
Goldman Sachs & Co Wertpap 13.00 12/23/2015 EUR 72.00
Goldman Sachs & Co Wertpap 3.00 1/20/2016 EUR 70.89
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 72.25
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 72.64
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 72.64
Goldman Sachs & Co Wertpap 10.00 2/24/2016 EUR 72.86
Goldman Sachs & Co Wertpap 11.00 2/24/2016 EUR 73.15
Goldman Sachs & Co Wertpap 3.00 3/23/2016 EUR 70.73
Goldman Sachs & Co Wertpap 10.00 3/23/2016 EUR 73.30
Goldman Sachs & Co Wertpap 4.00 4/20/2016 EUR 71.26
Goldman Sachs & Co Wertpap 7.00 4/20/2016 EUR 72.59
Goldman Sachs & Co Wertpap 8.00 6/22/2016 EUR 72.04
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 73.27
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 73.89
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 73.89
Goldman Sachs & Co Wertpap 5.00 9/21/2016 EUR 70.94
Goldman Sachs & Co Wertpap 6.00 9/21/2016 EUR 71.80
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 75.26
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 75.26
Goldman Sachs & Co Wertpap 6.00 12/21/2016 EUR 72.58
Goldman Sachs & Co Wertpap 5.00 3/22/2017 EUR 71.88
Goldman Sachs & Co Wertpap 7.00 6/21/2017 EUR 74.45
Goldman Sachs & Co Wertpap 7.00 6/21/2017 EUR 74.45
Goldman Sachs & Co Wertpap 16.00 12/23/2015 EUR 48.32
Goldman Sachs & Co Wertpap 3.00 2/24/2016 EUR 47.33
Goldman Sachs & Co Wertpap 3.00 3/23/2016 EUR 47.56
Goldman Sachs & Co Wertpap 12.00 3/23/2016 EUR 50.86
Goldman Sachs & Co Wertpap 4.00 6/22/2016 EUR 48.66
Goldman Sachs & Co Wertpap 4.00 7/20/2016 EUR 48.98
Goldman Sachs & Co Wertpap 4.00 9/21/2016 EUR 49.67
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 54.85
Goldman Sachs & Co Wertpap 10.00 9/21/2016 EUR 54.85
Goldman Sachs & Co Wertpap 9.00 12/21/2016 EUR 56.16
Goldman Sachs & Co Wertpap 9.00 12/21/2016 EUR 56.16
Goldman Sachs & Co Wertpap 7.00 3/22/2017 EUR 55.62
Goldman Sachs & Co Wertpap 7.00 3/22/2017 EUR 55.62
Goldman Sachs & Co Wertpap 8.00 3/22/2017 EUR 56.98
Goldman Sachs & Co Wertpap 7.00 6/21/2017 EUR 56.64
Goldman Sachs & Co Wertpap 7.00 6/21/2017 EUR 56.64
Goldman Sachs & Co Wertpap 8.00 6/21/2017 EUR 58.25
Notenstein Privatbank AG 7.50 9/12/2016 EUR 60.61
BNP Paribas Emissions- und 8.00 12/22/2016 EUR 74.86
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 73.00
BNP Paribas Emissions- und 22.00 12/24/2015 EUR 71.78
BNP Paribas Emissions- und 16.00 3/24/2016 EUR 74.74
UBS AG/London 23.25 6/24/2016 EUR 70.20
UBS AG/London 11.00 12/29/2015 EUR 62.97
HSBC Trinkaus & Burkhardt 7.00 12/28/2015 EUR 45.67
BNP Paribas Emissions- und 13.00 12/24/2015 EUR 69.45
Goldman Sachs & Co Wertpap 9.00 12/23/2015 EUR 55.57
Vontobel Financial Product 4.95 12/28/2015 EUR 54.23
Vontobel Financial Product 8.80 6/24/2016 EUR 52.80
UBS AG/London 6.50 8/12/2016 CHF 69.29
Deutsche Bank AG 6.20 12/22/2015 EUR 61.50
Leonteq Securities AG/Guer 9.50 9/8/2016 USD 58.23
Goldman Sachs & Co Wertpap 10.00 12/23/2015 EUR 75.53
Goldman Sachs & Co Wertpap 10.00 4/20/2016 EUR 74.28
Goldman Sachs & Co Wertpap 13.00 4/20/2016 EUR 72.42
Goldman Sachs & Co Wertpap 19.00 4/20/2016 EUR 69.34
Goldman Sachs & Co Wertpap 22.00 4/20/2016 EUR 68.11
Goldman Sachs & Co Wertpap 23.00 5/25/2016 EUR 68.96
Goldman Sachs & Co Wertpap 13.00 6/22/2016 EUR 72.60
Goldman Sachs & Co Wertpap 20.00 7/20/2016 EUR 70.50
Deutsche Bank AG 6.20 12/22/2015 EUR 65.60
Deutsche Bank AG 6.20 12/22/2015 EUR 73.30
Deutsche Bank AG 4.20 12/22/2015 EUR 73.00
Deutsche Bank AG 4.20 12/22/2015 EUR 69.00
Deutsche Bank AG 6.20 12/22/2015 EUR 69.20
Deutsche Bank AG 5.20 12/22/2015 EUR 73.10
Deutsche Bank AG 5.20 12/22/2015 EUR 69.10
Vontobel Financial Product 5.60 12/28/2015 EUR 58.16
Vontobel Financial Product 7.55 12/28/2015 EUR 55.31
Goldman Sachs & Co Wertpap 5.00 9/21/2016 EUR 58.46
DZ Bank AG Deutsche Zentra 5.50 12/28/2015 EUR 54.37
Goldman Sachs & Co Wertpap 4.00 6/21/2017 EUR 62.58
Goldman Sachs & Co Wertpap 4.00 6/21/2017 EUR 65.65
Goldman Sachs & Co Wertpap 5.00 6/21/2017 EUR 61.35
HSBC Trinkaus & Burkhardt 6.00 12/28/2015 EUR 48.76
Deutsche Bank AG 4.50 6/21/2016 EUR 71.50
Deutsche Bank AG 6.50 9/20/2016 EUR 73.90
Deutsche Bank AG 4.50 9/20/2016 EUR 72.20
Deutsche Bank AG 4.50 6/21/2016 EUR 77.70
Deutsche Bank AG 4.50 12/20/2016 EUR 78.30
Deutsche Bank AG 6.50 12/20/2016 EUR 75.00
Goldman Sachs & Co Wertpap 8.00 3/23/2016 EUR 49.30
Deutsche Bank AG 6.50 6/21/2016 EUR 72.70
Deutsche Bank AG 6.50 3/22/2016 EUR 57.20
Deutsche Bank AG 4.50 6/21/2016 EUR 52.20
Deutsche Bank AG 4.50 6/21/2016 EUR 55.80
Deutsche Bank AG 4.50 9/20/2016 EUR 53.20
Deutsche Bank AG 6.50 12/20/2016 EUR 59.90
BNP Paribas Emissions- und 5.25 12/24/2015 EUR 72.11
Deutsche Bank AG 4.50 3/22/2016 EUR 52.70
Deutsche Bank AG 4.50 12/20/2016 EUR 57.60
Deutsche Bank AG 4.50 12/20/2016 EUR 54.10
Deutsche Bank AG 6.50 3/22/2016 EUR 53.40
Deutsche Bank AG 6.50 6/21/2016 EUR 57.00
Deutsche Bank AG 8.20 3/22/2016 EUR 73.30
Deutsche Bank AG 8.20 9/20/2016 EUR 75.40
Deutsche Bank AG 8.20 12/20/2016 EUR 76.90
Deutsche Bank AG 8.20 3/22/2016 EUR 54.10
Deutsche Bank AG 8.20 6/21/2016 EUR 54.50
Deutsche Bank AG 8.20 9/20/2016 EUR 56.40
Deutsche Bank AG 8.20 12/20/2016 EUR 58.30
Leonteq Securities AG 7.20 9/26/2016 EUR 62.33
Commerzbank AG 6.25 6/23/2016 EUR 52.65
Commerzbank AG 4.75 6/23/2016 EUR 65.56
Commerzbank AG 5.50 6/23/2016 EUR 64.43
Commerzbank AG 6.75 6/23/2016 EUR 62.23
Leonteq Securities AG/Guer 8.00 8/5/2016 USD 70.20
Notenstein Privatbank AG 7.00 8/11/2017 CHF 65.77
UBS AG/London 13.25 6/24/2016 EUR 54.97
DZ Bank AG Deutsche Zentra 9.00 12/21/2015 EUR
UBS AG/London 5.75 6/24/2016 EUR 61.94
Vontobel Financial Product 25.85 3/29/2016 EUR 65.73
Vontobel Financial Product 17.65 6/24/2016 EUR 69.49
Vontobel Financial Product 15.75 3/29/2016 EUR 68.36
HSBC Trinkaus & Burkhardt 8.80 12/23/2016 EUR 73.65
UBS AG 19.75 3/29/2016 EUR 58.40
HSBC Trinkaus & Burkhardt 6.70 6/24/2016 EUR 55.08
UBS AG 23.75 12/29/2015 EUR 46.43
Vontobel Financial Product 7.05 8/26/2016 EUR 58.73
Deutsche Bank AG 7.50 12/20/2016 EUR 71.17
Deutsche Bank AG 5.50 12/20/2016 EUR 68.92
Vontobel Financial Product 14.50 9/23/2016 EUR 70.36
Vontobel Financial Product 12.55 12/23/2016 EUR 71.70
Vontobel Financial Product 8.65 12/23/2016 EUR 73.50
LBBW 2.50 8/24/2018 EUR 68.41
Vontobel Financial Product 12.10 12/28/2015 EUR 68.53
Vontobel Financial Product 9.35 3/29/2016 EUR 70.14
Vontobel Financial Product 9.60 6/24/2016 EUR 70.51
Vontobel Financial Product 8.15 9/23/2016 EUR 71.28
Deutsche Bank AG 5.50 3/22/2016 EUR 68.29
Deutsche Bank AG 7.50 3/22/2016 EUR 69.04
Deutsche Bank AG 5.50 6/21/2016 EUR 67.17
Deutsche Bank AG 7.50 6/21/2016 EUR 68.41
Deutsche Bank AG 7.50 9/20/2016 EUR 69.88
Deutsche Bank AG 5.50 9/20/2016 EUR 68.13
DZ Bank AG Deutsche Zentra 5.70 3/29/2016 EUR 67.35
DZ Bank AG Deutsche Zentra 6.30 6/24/2016 EUR 75.10
DZ Bank AG Deutsche Zentra 6.20 9/23/2016 EUR 71.99
DZ Bank AG Deutsche Zentra 9.00 9/23/2016 EUR 71.93
UBS AG 17.50 3/29/2016 EUR 75.42
UBS AG 10.00 3/29/2016 EUR 68.39
UBS AG 4.50 6/24/2016 EUR 64.39
UBS AG 17.50 6/24/2016 EUR 41.95
HSBC Trinkaus & Burkhardt 6.50 12/23/2016 EUR 75.39
HSBC Trinkaus & Burkhardt 7.40 3/24/2017 EUR 74.69
UBS AG 21.75 3/29/2016 EUR 36.15
HSBC Trinkaus & Burkhardt 9.40 4/22/2016 EUR 72.18
HSBC Trinkaus & Burkhardt 9.70 7/22/2016 EUR 72.99
UBS AG 24.50 12/29/2015 EUR 51.23
UBS AG 22.00 12/29/2015 EUR 53.63
UBS AG 22.50 12/29/2015 EUR 70.38
HSBC Trinkaus & Burkhardt 6.20 9/23/2016 EUR 56.22
HSBC Trinkaus & Burkhardt 6.70 3/24/2017 EUR 57.09
HSBC Trinkaus & Burkhardt 8.50 4/22/2016 EUR 52.44
HSBC Trinkaus & Burkhardt 8.70 7/22/2016 EUR 54.23
DZ Bank AG Deutsche Zentra 8.10 9/23/2016 EUR 70.48
DZ Bank AG Deutsche Zentra 7.00 3/29/2016 EUR 68.23
DZ Bank AG Deutsche Zentra 10.90 3/29/2016 EUR 66.38
DZ Bank AG Deutsche Zentra 6.90 9/23/2016 EUR 68.97
UBS AG 12.50 12/29/2015 EUR 72.70
LBBW 2.50 8/26/2016 EUR 61.10
LBBW 3.50 8/26/2016 EUR 59.91
LBBW 4.50 8/26/2016 EUR 59.02
LBBW 5.50 8/26/2016 EUR 58.32
LBBW 6.50 8/26/2016 EUR 57.82
Leonteq Securities AG 11.00 5/4/2016 USD 44.30
Commerzbank AG 7.00 3/24/2016 EUR 74.84
Commerzbank AG 7.00 3/24/2016 EUR 61.09
Commerzbank AG 9.25 3/24/2016 EUR 58.96
Deutsche Bank AG 6.20 12/20/2016 EUR 67.60
LBBW 3.40 6/22/2018 EUR 61.74
DekaBank Deutsche Girozent 4.55 8/19/2019 EUR 69.36
Deutsche Bank AG 7.20 6/21/2016 EUR 45.50
Deutsche Bank AG 6.20 9/20/2016 EUR 57.10
Deutsche Bank AG 7.20 9/20/2016 EUR 52.00
Deutsche Bank AG 7.20 9/20/2016 EUR 47.20
Vontobel Financial Product 2.40 2/26/2016 EUR 53.54
HSBC Trinkaus & Burkhardt 11.50 9/23/2016 EUR 48.68
DZ Bank AG Deutsche Zentra 4.00 5/20/2016 EUR 53.60
Commerzbank AG 9.00 2/25/2016 EUR 74.15
Goldman Sachs & Co Wertpap 10.00 7/20/2016 EUR 68.13
Goldman Sachs & Co Wertpap 5.00 12/21/2016 EUR 66.07
Goldman Sachs & Co Wertpap 7.00 12/21/2016 EUR 68.30
Goldman Sachs & Co Wertpap 7.00 12/21/2016 EUR 68.30
Goldman Sachs & Co Wertpap 9.00 12/21/2016 EUR 70.52
DZ Bank AG Deutsche Zentra 5.50 3/29/2016 EUR 52.90
DZ Bank AG Deutsche Zentra 8.80 12/28/2015 EUR 61.66
UBS AG 5.00 6/24/2016 EUR 57.61
UBS AG 7.50 6/24/2016 EUR 53.07
Commerzbank AG 10.00 1/21/2016 EUR 49.82
Commerzbank AG 8.50 4/21/2016 EUR 51.62
Commerzbank AG 8.50 12/24/2015 EUR 44.93
Goldman Sachs & Co Wertpap 6.00 7/20/2016 EUR 65.36
Goldman Sachs & Co Wertpap 7.00 7/20/2016 EUR 48.96
Goldman Sachs & Co Wertpap 6.00 12/21/2016 EUR 50.75
Vontobel Financial Product 1.70 12/31/2015 EUR 53.78
Deutsche Bank AG 8.20 5/25/2016 EUR 74.80
Deutsche Bank AG 8.20 5/25/2016 EUR 71.90
Deutsche Bank AG 8.20 5/25/2016 EUR 70.20
Deutsche Bank AG 8.20 5/25/2016 EUR 60.80
Deutsche Bank AG 8.20 5/25/2016 EUR 75.20
Deutsche Bank AG 8.20 5/25/2016 EUR 46.30
Goldman Sachs & Co Wertpap 8.00 12/23/2015 EUR 43.33
Goldman Sachs & Co Wertpap 10.00 1/20/2016 EUR 44.35
Goldman Sachs & Co Wertpap 12.00 1/20/2016 EUR 44.74
Goldman Sachs & Co Wertpap 6.00 2/24/2016 EUR 44.15
Goldman Sachs & Co Wertpap 11.00 2/24/2016 EUR 45.60
Goldman Sachs & Co Wertpap 11.00 2/24/2016 EUR 45.60
Goldman Sachs & Co Wertpap 7.00 3/23/2016 EUR 44.98
Goldman Sachs & Co Wertpap 11.00 3/23/2016 EUR 46.45
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 46.50
Leonteq Securities AG 10.40 3/9/2016 USD 55.12
Bank Julius Baer & Co Ltd/ 6.30 6/6/2016 USD 72.80
Deutsche Bank AG 5.20 8/24/2016 EUR 71.00
Deutsche Bank AG 6.20 8/24/2016 EUR 68.90
HSBC Trinkaus & Burkhardt 13.20 6/24/2016 EUR 68.42
HSBC Trinkaus & Burkhardt 11.80 6/24/2016 EUR 69.49
HSBC Trinkaus & Burkhardt 7.70 6/24/2016 EUR 73.46
HSBC Trinkaus & Burkhardt 8.10 9/23/2016 EUR 73.17
HSBC Trinkaus & Burkhardt 13.50 6/24/2016 EUR 56.89
HSBC Trinkaus & Burkhardt 11.90 6/24/2016 EUR 57.78
HSBC Trinkaus & Burkhardt 9.20 9/23/2016 EUR 60.21
HSBC Trinkaus & Burkhardt 11.40 1/22/2016 EUR 55.99
HSBC Trinkaus & Burkhardt 9.90 4/22/2016 EUR 58.00
HSBC Trinkaus & Burkhardt 11.90 12/28/2015 EUR 73.07
HSBC Trinkaus & Burkhardt 12.20 6/24/2016 EUR 73.16
HSBC Trinkaus & Burkhardt 9.40 6/24/2016 EUR 76.23
HSBC Trinkaus & Burkhardt 10.10 11/27/2015 EUR 74.84
HSBC Trinkaus & Burkhardt 9.40 1/22/2016 EUR 76.20
HSBC Trinkaus & Burkhardt 12.70 12/28/2015 EUR 40.80
HSBC Trinkaus & Burkhardt 12.00 6/24/2016 EUR 44.48
HSBC Trinkaus & Burkhardt 7.40 6/24/2016 EUR 46.48
HSBC Trinkaus & Burkhardt 8.00 9/23/2016 EUR 47.25
HSBC Trinkaus & Burkhardt 9.70 1/22/2016 EUR 42.48
HSBC Trinkaus & Burkhardt 8.60 4/22/2016 EUR 44.36
DZ Bank AG Deutsche Zentra 10.00 6/24/2016 EUR
Landesbank Hessen-Thuering 5.00 11/15/2016 EUR 46.80
DZ Bank AG Deutsche Zentra 10.00 9/23/2016 EUR
DZ Bank AG Deutsche Zentra 15.00 3/29/2016 EUR
DZ Bank AG Deutsche Zentra 10.00 6/24/2016 EUR 73.08
DZ Bank AG Deutsche Zentra 10.00 9/23/2016 EUR
HSBC Trinkaus & Burkhardt 10.70 11/27/2015 EUR 41.06
LBBW 2.50 7/22/2016 EUR 74.14
LBBW 3.50 7/22/2016 EUR 71.32
LBBW 2.50 7/22/2016 EUR 53.97
LBBW 4.00 7/22/2016 EUR 50.35
LBBW 3.50 7/22/2016 EUR 73.29
LBBW 4.50 7/22/2016 EUR 70.72
LBBW 3.00 7/22/2016 EUR 54.15
LBBW 3.90 9/22/2017 EUR 49.09
LBBW 3.00 9/22/2017 EUR 65.78
LBBW 2.00 9/22/2017 EUR 68.03
LBBW 2.75 10/27/2017 EUR 67.25
LBBW 2.50 10/27/2017 EUR 72.36
LBBW 3.00 6/22/2018 EUR 62.74
LBBW 5.30 11/27/2015 EUR 50.79
LBBW 3.50 11/24/2017 EUR 63.53
LBBW 3.00 4/22/2016 EUR 74.74
LBBW 5.00 4/22/2016 EUR 67.17
LBBW 2.00 4/22/2016 EUR 69.43
LBBW 3.50 4/22/2016 EUR 64.43
LBBW 3.00 3/29/2016 EUR 63.57
LBBW 4.00 3/29/2016 EUR 61.23
LBBW 3.85 10/27/2017 EUR 54.32
Rossiysky Capital OJSC 18.00 1/16/2020 RUB 60.45
LBBW 3.00 11/24/2017 EUR 60.28
LBBW 2.50 12/23/2016 EUR 69.61
LBBW 2.00 12/23/2016 EUR 68.22
LBBW 3.00 12/23/2016 EUR 65.20
LBBW 4.00 12/23/2016 EUR 63.02
LBBW 5.00 12/23/2016 EUR 61.43
LBBW 2.00 12/23/2016 EUR 64.67
LBBW 3.00 12/23/2016 EUR 61.80
LBBW 4.00 12/23/2016 EUR 59.46
LBBW 3.20 7/22/2016 EUR 62.16
LBBW 3.00 8/24/2018 EUR 68.14
LBBW 3.40 8/24/2018 EUR 72.52
LBBW 2.50 10/28/2016 EUR 74.02
LBBW 2.50 10/28/2016 EUR 54.96
LBBW 4.50 10/28/2016 EUR 51.15
LBBW 3.00 10/28/2016 EUR 67.42
LBBW 3.00 10/28/2016 EUR 57.98
LBBW 5.00 10/28/2016 EUR 68.20
LBBW 5.50 10/28/2016 EUR 62.71
LBBW 5.50 10/28/2016 EUR 50.03
LBBW 4.00 10/27/2017 EUR 54.35
LBBW 5.50 3/29/2016 EUR 47.19
LBBW 7.00 3/29/2016 EUR 46.01
LBBW 4.00 3/29/2016 EUR 61.21
LBBW 2.50 2/24/2017 EUR 73.78
LBBW 2.50 2/24/2017 EUR 60.35
LBBW 3.50 2/24/2017 EUR 70.97
LBBW 3.50 2/24/2017 EUR 58.15
LBBW 4.50 2/24/2017 EUR 56.45
LBBW 5.50 2/24/2017 EUR 66.49
LBBW 6.00 2/24/2017 EUR 66.92
LBBW 2.60 7/22/2016 EUR 55.01
LBBW 2.50 2/26/2016 EUR 57.91
LBBW 4.50 2/26/2016 EUR 69.99
LBBW 5.00 3/24/2017 EUR 75.25
LBBW 3.00 3/24/2017 EUR 54.46
LBBW 4.00 3/24/2017 EUR 67.31
LBBW 5.00 3/24/2017 EUR 65.73
LBBW 6.00 3/24/2017 EUR 64.35
LBBW 4.50 10/28/2016 EUR 67.43
LBBW 3.00 4/22/2016 EUR 73.37
LBBW 7.00 4/22/2016 EUR 66.40
LBBW 6.00 4/22/2016 EUR 45.80
LBBW 3.00 4/22/2016 EUR 52.30
LBBW 3.00 5/27/2016 EUR 70.77
LBBW 3.00 1/22/2016 EUR 74.83
LBBW 4.50 1/22/2016 EUR 70.38
LBBW 6.00 1/22/2016 EUR 67.35
LBBW 2.00 1/22/2016 EUR 67.44
LBBW 3.00 1/22/2016 EUR 64.35
LBBW 4.00 1/22/2016 EUR 62.03
LBBW 5.00 1/22/2016 EUR 60.27
LBBW 3.90 6/24/2016 EUR 60.50
LBBW 3.00 3/24/2017 EUR 69.52
DZ Bank AG Deutsche Zentra 6.10 12/21/2015 EUR 74.30
Vontobel Financial Product 7.00 5/27/2016 EUR 45.67
Vontobel Financial Product 6.50 5/27/2016 EUR 45.62
LBBW 3.00 6/28/2019 EUR 58.50
Bank Julius Baer & Co Ltd/ 7.50 4/29/2016 USD 70.75
Leonteq Securities AG 12.40 5/6/2016 CHF 54.12
Leonteq Securities AG 10.00 5/6/2016 USD 71.01
Leonteq Securities AG 20.00 2/5/2016 CHF 54.77
Notenstein Privatbank AG 5.20 11/4/2016 EUR 46.18
Vontobel Financial Product 8.15 3/29/2016 EUR 63.89
Vontobel Financial Product 9.90 12/28/2015 EUR 62.19
Vontobel Financial Product 12.85 12/28/2015 EUR 45.01
Vontobel Financial Product 10.30 3/29/2016 EUR 47.30
Vontobel Financial Product 8.60 6/24/2016 EUR 64.39
UniCredit Bank AG 5.20 5/24/2016 EUR 43.45
Deutsche Bank AG 11.20 9/20/2016 EUR 51.60
Deutsche Bank AG 9.20 9/20/2016 EUR 48.10
Deutsche Bank AG 8.20 9/20/2016 EUR 47.20
DZ Bank AG Deutsche Zentra 8.80 12/23/2015 EUR 74.60
Deutsche Bank AG 8.20 6/21/2016 EUR 45.20
Commerzbank AG 10.75 12/24/2015 EUR 71.82
Deutsche Bank AG 11.20 6/21/2016 EUR 48.80
Commerzbank AG 14.75 12/24/2015 EUR 65.30
Deutsche Bank AG 11.20 3/22/2016 EUR 46.50
HSBC Trinkaus & Burkhardt 7.60 6/24/2016 EUR 66.04
HSBC Trinkaus & Burkhardt 12.20 9/23/2016 EUR 62.62
HSBC Trinkaus & Burkhardt 10.40 9/23/2016 EUR 63.70
HSBC Trinkaus & Burkhardt 7.10 9/23/2016 EUR 66.82
HSBC Trinkaus & Burkhardt 10.20 2/26/2016 EUR 62.17
Commerzbank AG 8.25 12/24/2015 EUR 50.33
Commerzbank AG 7.25 12/24/2015 EUR 72.54
Commerzbank AG 9.50 12/24/2015 EUR 69.27
HSBC Trinkaus & Burkhardt 10.90 6/24/2016 EUR 71.03
HSBC Trinkaus & Burkhardt 12.20 9/23/2016 EUR 70.73
HSBC Trinkaus & Burkhardt 9.70 9/23/2016 EUR 72.40
HSBC Trinkaus & Burkhardt 7.40 9/23/2016 EUR 74.70
HSBC Trinkaus & Burkhardt 7.90 12/23/2016 EUR 74.38
HSBC Trinkaus & Burkhardt 8.50 5/27/2016 EUR 73.30
Commerzbank AG 5.00 12/24/2015 EUR 62.00
Commerzbank AG 6.75 12/24/2015 EUR 58.82
Commerzbank AG 8.75 12/24/2015 EUR 55.99
Commerzbank AG 7.50 12/24/2015 EUR 55.09
HSBC Trinkaus & Burkhardt 11.40 6/24/2016 EUR 59.42
HSBC Trinkaus & Burkhardt 6.90 12/23/2016 EUR 63.96
HSBC Trinkaus & Burkhardt 7.20 6/24/2016 EUR 50.36
UniCredit Bank AG 4.50 3/24/2016 EUR 55.78
UniCredit Bank AG 4.60 3/24/2016 EUR 55.37
HSBC Trinkaus & Burkhardt 8.20 5/27/2016 EUR 48.64
UniCredit Bank AG 4.30 3/24/2016 EUR 56.87
UniCredit Bank AG 4.25 3/24/2016 EUR 57.22
UniCredit Bank AG 4.20 3/24/2016 EUR 57.52
UniCredit Bank AG 4.25 3/24/2016 EUR 57.44
UniCredit Bank AG 4.15 3/24/2016 EUR 57.84
UniCredit Bank AG 4.80 3/24/2016 EUR 54.39
UniCredit Bank AG 4.90 3/24/2016 EUR 53.94
UniCredit Bank AG 4.50 3/24/2016 EUR 55.87
Vontobel Financial Product 4.35 6/17/2016 EUR 48.81
Vontobel Financial Product 9.20 3/29/2016 EUR 44.16
HSBC Trinkaus & Burkhardt 17.30 12/28/2015 EUR 71.45
HSBC Trinkaus & Burkhardt 12.20 12/28/2015 EUR 77.90
Zurcher Kantonalbank Finan 9.00 1/21/2016 EUR 57.21
UBS AG 6.40 2/12/2016 EUR 49.18
DZ Bank AG Deutsche Zentra 4.90 12/21/2015 EUR 61.03
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 60.00
UBS AG 9.30 11/11/2016 EUR 62.86
UBS AG/London 10.75 5/9/2016 CHF 60.93
Vontobel Financial Product 9.60 12/28/2015 EUR 62.15
Vontobel Financial Product 6.25 12/28/2015 EUR 67.75
DZ Bank AG Deutsche Zentra 5.20 12/21/2015 EUR 48.37
DZ Bank AG Deutsche Zentra 5.10 3/21/2016 EUR 49.63
DZ Bank AG Deutsche Zentra 5.60 6/20/2016 EUR 51.74
DZ Bank AG Deutsche Zentra 6.10 6/20/2016 EUR 51.09
DZ Bank AG Deutsche Zentra 3.00 12/18/2015 EUR 64.83
Vontobel Financial Product 9.55 12/28/2015 EUR 60.38
DekaBank Deutsche Girozent 3.20 1/14/2019 EUR 67.36
Landesbank Hessen-Thuering 3.25 7/15/2016 EUR 63.70
Zurcher Kantonalbank Finan 9.00 11/21/2016 CHF 55.85
DZ Bank AG Deutsche Zentra 5.00 2/6/2018 EUR 57.13
Commerzbank AG 9.50 12/24/2015 EUR 49.94
Landesbank Hessen-Thuering 7.40 6/12/2020 EUR 57.38
Commerzbank AG 11.50 12/24/2015 EUR 56.37
UBS AG/London 7.50 5/9/2016 CHF 74.67
Vontobel Financial Product 7.65 6/24/2016 EUR 58.61
Vontobel Financial Product 4.60 6/24/2016 EUR 63.29
WGZ-Bank AG Westdeutsche G 4.75 12/22/2015 EUR 67.36
Goldman Sachs & Co Wertpap 18.00 12/23/2015 EUR 58.03
Goldman Sachs & Co Wertpap 18.00 2/24/2016 EUR 58.94
Goldman Sachs & Co Wertpap 19.00 3/23/2016 EUR 58.63
Goldman Sachs & Co Wertpap 7.00 5/25/2016 EUR 68.38
Vontobel Financial Product 9.70 12/28/2015 EUR 78.06
Vontobel Financial Product 4.45 12/28/2015 EUR 67.59
Zurcher Kantonalbank Finan 10.00 8/3/2016 EUR 58.18
Vontobel Financial Product 6.50 2/26/2016 EUR 50.63
Deutsche Bank AG 5.20 12/23/2015 EUR 54.43
Deutsche Bank AG 5.20 12/23/2015 EUR 74.96
Deutsche Bank AG 6.20 12/23/2015 EUR 57.55
UBS AG/London 9.00 12/28/2015 CHF 56.65
Vontobel Financial Product 6.55 1/5/2016 EUR 54.49
WGZ-Bank AG Westdeutsche G 3.40 12/22/2015 EUR 68.26
Goldman Sachs & Co Wertpap 20.00 1/20/2016 EUR 57.60
Leonteq Securities AG 15.20 1/26/2016 AUD 51.37
Commerzbank AG 8.00 1/21/2016 EUR 50.37
Commerzbank AG 2.00 2/3/2016 EUR 49.05
UBS AG/London 9.00 12/28/2015 CHF 66.40
BNP Paribas Emissions- und 13.00 12/24/2015 EUR 59.79
BNP Paribas Emissions- und 5.50 3/24/2016 EUR 71.84
BNP Paribas Emissions- und 7.00 3/24/2016 EUR 69.15
BNP Paribas Emissions- und 11.00 3/24/2016 EUR 62.24
BNP Paribas Emissions- und 6.50 6/23/2016 EUR 72.01
UniCredit Bank AG 4.00 3/24/2016 EUR 61.55
UniCredit Bank AG 4.75 3/24/2016 EUR 66.07
UniCredit Bank AG 5.25 3/24/2016 EUR 62.77
UniCredit Bank AG 4.25 3/24/2016 EUR 67.42
UniCredit Bank AG 4.80 3/24/2016 EUR 65.39
UniCredit Bank AG 4.00 3/24/2016 EUR 69.69
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 70.50
BNP Paribas Emissions- und 9.00 3/24/2016 EUR 77.09
BNP Paribas Emissions- und 13.00 12/24/2015 EUR 73.26
BNP Paribas Emissions- und 11.00 6/23/2016 EUR 74.88
BNP Paribas Emissions- und 12.00 6/23/2016 EUR 73.24
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 76.90
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 74.67
LBBW 2.55 7/26/2019 EUR 64.75
Credit Suisse AG/Nassau 8.00 7/18/2016 EUR 52.20
DZ Bank AG Deutsche Zentra 8.25 12/21/2015 EUR 64.31
DZ Bank AG Deutsche Zentra 9.75 12/21/2015 EUR 64.48
Deutsche Bank AG 5.00 2/11/2016 EUR 62.86
Vontobel Financial Product 10.35 2/8/2016 EUR 74.42
DZ Bank AG Deutsche Zentra 10.00 6/20/2016 EUR 67.31
DZ Bank AG Deutsche Zentra 8.75 6/20/2016 EUR 66.55
DZ Bank AG Deutsche Zentra 8.00 6/20/2016 EUR 66.09
DZ Bank AG Deutsche Zentra 6.50 9/19/2016 EUR 66.52
DZ Bank AG Deutsche Zentra 7.50 9/19/2016 EUR 67.38
DZ Bank AG Deutsche Zentra 10.00 12/21/2015 EUR 45.00
DZ Bank AG Deutsche Zentra 8.25 12/21/2015 EUR 44.81
DZ Bank AG Deutsche Zentra 5.75 12/21/2015 EUR 44.53
DZ Bank AG Deutsche Zentra 9.75 6/20/2016 EUR 49.39
Goldman Sachs & Co Wertpap 14.00 11/25/2015 EUR 58.86
Goldman Sachs & Co Wertpap 14.00 11/25/2015 EUR 58.86
Goldman Sachs & Co Wertpap 6.00 2/24/2016 EUR 59.93
Goldman Sachs & Co Wertpap 6.00 3/23/2016 EUR 60.30
Goldman Sachs & Co Wertpap 6.00 6/22/2016 EUR 60.05
Goldman Sachs & Co Wertpap 9.00 1/20/2016 EUR 65.62
Goldman Sachs & Co Wertpap 6.00 2/24/2016 EUR 71.92
Goldman Sachs & Co Wertpap 21.00 2/24/2016 EUR 54.08
Goldman Sachs & Co Wertpap 10.00 3/23/2016 EUR 64.55
Goldman Sachs & Co Wertpap 10.00 6/22/2016 EUR 65.20
DZ Bank AG Deutsche Zentra 6.60 3/21/2016 EUR 72.23
DZ Bank AG Deutsche Zentra 7.10 3/21/2016 EUR 70.33
DZ Bank AG Deutsche Zentra 7.20 6/20/2016 EUR 70.51
DZ Bank AG Deutsche Zentra 5.80 9/19/2016 EUR 70.71
DZ Bank AG Deutsche Zentra 7.30 12/21/2015 EUR 73.50
DZ Bank AG Deutsche Zentra 7.90 12/21/2015 EUR 71.15
DZ Bank AG Deutsche Zentra 8.50 12/21/2015 EUR 69.04
DZ Bank AG Deutsche Zentra 5.30 12/21/2015 EUR 52.29
DZ Bank AG Deutsche Zentra 5.00 3/21/2016 EUR 53.49
DZ Bank AG Deutsche Zentra 4.50 6/20/2016 EUR 54.92
DZ Bank AG Deutsche Zentra 4.70 9/19/2016 EUR 55.17
UniCredit Bank AG 3.30 6/23/2016 EUR 55.38
Commerzbank AG 11.50 1/21/2016 EUR 61.94
Commerzbank AG 7.25 1/21/2016 EUR 67.68
Commerzbank AG 8.25 1/21/2016 EUR 66.12
Commerzbank AG 9.25 1/21/2016 EUR 64.64
Commerzbank AG 5.25 1/21/2016 EUR 57.50
Commerzbank AG 6.25 1/21/2016 EUR 56.21
Commerzbank AG 7.25 1/21/2016 EUR 55.00
Commerzbank AG 8.25 1/21/2016 EUR 53.86
Commerzbank AG 6.00 1/21/2016 EUR 62.43
Commerzbank AG 7.25 1/21/2016 EUR 61.11
Commerzbank AG 8.25 1/21/2016 EUR 59.81
BNP Paribas Emissions- und 5.40 2/25/2016 EUR 49.72
Societe Generale Effekten 4.45 1/6/2016 EUR 68.88
Societe Generale Effekten 7.81 7/1/2016 EUR 68.70
Societe Generale Effekten 9.86 7/1/2016 EUR 66.41
Societe Generale Effekten 6.93 1/6/2016 EUR 60.38
Societe Generale Effekten 8.76 1/6/2016 EUR 57.52
Societe Generale Effekten 10.64 7/1/2016 EUR 63.23
Societe Generale Effekten 12.56 7/1/2016 EUR 61.16
Societe Generale Effekten 6.46 7/1/2016 EUR 58.54
Leonteq Securities AG 11.00 1/9/2017 EUR 57.48
DZ Bank AG Deutsche Zentra 8.75 6/24/2016 EUR 71.86
DZ Bank AG Deutsche Zentra 11.25 6/24/2016 EUR 68.82
DZ Bank AG Deutsche Zentra 13.25 6/24/2016 EUR 67.77
DZ Bank AG Deutsche Zentra 8.50 9/23/2016 EUR 68.99
DZ Bank AG Deutsche Zentra 6.75 6/24/2016 EUR 71.66
DZ Bank AG Deutsche Zentra 12.50 3/29/2016 EUR 68.04
DZ Bank AG Deutsche Zentra 10.75 6/24/2016 EUR 67.88
DZ Bank AG Deutsche Zentra 5.00 6/24/2016 EUR 53.60
Deutsche Bank AG 4.20 12/22/2015 EUR 75.20
Deutsche Bank AG 5.20 6/21/2016 EUR 73.70
Commerzbank AG 6.50 1/21/2016 EUR 73.98
Deutsche Bank AG 4.20 6/21/2016 EUR 73.00
Deutsche Bank AG 4.20 3/22/2016 EUR 73.10
Deutsche Bank AG 6.20 6/21/2016 EUR 74.30
Notenstein Privatbank AG 8.00 2/6/2017 EUR 60.08
Societe Generale Effekten 4.59 1/6/2016 EUR 68.66
Societe Generale Effekten 6.37 1/6/2016 EUR 65.14
Societe Generale Effekten 7.10 7/1/2016 EUR 68.35
Leonteq Securities AG 11.80 2/6/2017 USD 53.98
Leonteq Securities AG 9.00 2/9/2016 EUR 50.84
BNP Paribas Emissions- und 6.00 12/24/2015 EUR 58.06
BNP Paribas Emissions- und 6.50 12/24/2015 EUR 56.49
BNP Paribas Emissions- und 8.50 12/24/2015 EUR 53.71
BNP Paribas Emissions- und 10.00 12/24/2015 EUR 52.50
BNP Paribas Emissions- und 11.00 12/24/2015 EUR 51.30
BNP Paribas Emissions- und 12.00 12/24/2015 EUR 50.17
BNP Paribas Emissions- und 3.50 3/24/2016 EUR 64.28
BNP Paribas Emissions- und 4.00 3/24/2016 EUR 62.52
BNP Paribas Emissions- und 4.50 3/24/2016 EUR 60.87
BNP Paribas Emissions- und 7.50 12/22/2016 EUR 58.08
Societe Generale Effekten 8.94 7/1/2016 EUR 66.64
DekaBank Deutsche Girozent 3.00 6/30/2017 EUR 59.44
DekaBank Deutsche Girozent 1.80 12/23/2015 EUR 55.93
Leonteq Securities AG 7.20 4/24/2017 EUR 50.05
HSBC Trinkaus & Burkhardt 13.00 6/24/2016 EUR 60.44
HSBC Trinkaus & Burkhardt 11.00 6/24/2016 EUR 61.92
HSBC Trinkaus & Burkhardt 9.00 6/24/2016 EUR 63.66
UBS AG 4.00 12/23/2016 EUR 71.66
Commerzbank AG 9.25 3/24/2016 EUR 72.25
DekaBank Deutsche Girozent 4.90 9/2/2016 EUR 59.51
Commerzbank AG 5.00 3/24/2016 EUR 63.62
Commerzbank AG 5.00 3/24/2016 EUR 45.95
Commerzbank AG 7.00 3/24/2016 EUR 44.37
Commerzbank AG 9.25 3/24/2016 EUR 43.11
Commerzbank AG 5.00 3/24/2016 EUR 48.57
Commerzbank AG 7.25 3/24/2016 EUR 47.02
Deutsche Bank AG 9.20 12/20/2016 EUR 66.60
DekaBank Deutsche Girozent 3.90 5/18/2016 EUR 71.42
DZ Bank AG Deutsche Zentra 5.25 9/23/2016 EUR 72.58
DZ Bank AG Deutsche Zentra 14.50 1/22/2016 EUR 68.80
DZ Bank AG Deutsche Zentra 11.25 1/22/2016 EUR 55.12
DZ Bank AG Deutsche Zentra 13.25 1/22/2016 EUR 68.69
DZ Bank AG Deutsche Zentra 8.00 1/22/2016 EUR 61.89
DZ Bank AG Deutsche Zentra 11.00 1/22/2016 EUR 50.96
DZ Bank AG Deutsche Zentra 6.50 3/29/2016 EUR 51.25
LBBW 3.00 7/22/2016 EUR 63.16
LBBW 4.50 7/22/2016 EUR 60.98
Vontobel Financial Product 3.25 6/24/2016 EUR 57.38
Vontobel Financial Product 10.40 1/22/2016 EUR 61.78
Vontobel Financial Product 10.40 1/22/2016 EUR 61.93
Vontobel Financial Product 7.00 8/26/2016 EUR 73.62
Vontobel Financial Product 10.45 12/28/2015 EUR 48.92
Vontobel Financial Product 8.20 3/29/2016 EUR 50.72
Vontobel Financial Product 8.00 6/24/2016 EUR 52.30
Vontobel Financial Product 6.90 9/23/2016 EUR 53.32
Vontobel Financial Product 3.10 6/24/2016 EUR 55.77
Vontobel Financial Product 3.00 9/23/2016 EUR 56.38
Vontobel Financial Product 3.20 7/22/2016 EUR 63.25
Vontobel Financial Product 4.75 7/22/2016 EUR 61.10
Leonteq Securities AG 10.00 7/28/2016 EUR 56.65
Notenstein Privatbank AG 6.70 7/24/2017 EUR 58.78
Leonteq Securities AG 9.40 10/24/2016 EUR 54.74
Leonteq Securities AG 20.00 4/27/2016 USD 70.30
LBBW 3.00 7/22/2016 EUR 56.00
LBBW 4.00 7/22/2016 EUR 54.67
LBBW 5.00 7/22/2016 EUR 53.82
LBBW 3.00 7/22/2016 EUR 71.59
LBBW 4.50 7/22/2016 EUR 69.57
Vontobel Financial Product 8.30 3/29/2016 EUR 51.95
LBBW 3.40 8/24/2018 EUR 61.60
Goldman Sachs & Co Wertpap 4.00 9/21/2016 EUR 70.07
Goldman Sachs & Co Wertpap 4.00 12/21/2016 EUR 70.35
Goldman Sachs & Co Wertpap 4.00 3/22/2017 EUR 70.52
Goldman Sachs & Co Wertpap 5.00 6/21/2017 EUR 71.23
Goldman Sachs & Co Wertpap 4.00 4/20/2016 EUR 50.58
Goldman Sachs & Co Wertpap 7.00 4/20/2016 EUR 51.91
Goldman Sachs & Co Wertpap 12.00 5/25/2016 EUR 54.95
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 55.27
Goldman Sachs & Co Wertpap 11.00 6/22/2016 EUR 55.27
Goldman Sachs & Co Wertpap 6.00 7/20/2016 EUR 52.66
Goldman Sachs & Co Wertpap 6.00 8/24/2016 EUR 53.23
Goldman Sachs & Co Wertpap 6.00 6/21/2017 EUR 57.21
Goldman Sachs & Co Wertpap 16.00 12/23/2015 EUR 72.35
Goldman Sachs & Co Wertpap 4.00 2/24/2016 EUR 71.12
Goldman Sachs & Co Wertpap 4.00 3/23/2016 EUR 71.10
Goldman Sachs & Co Wertpap 6.00 4/20/2016 EUR 72.14
Goldman Sachs & Co Wertpap 4.00 6/22/2016 EUR 69.55
Goldman Sachs & Co Wertpap 7.00 6/22/2016 EUR 71.43
Goldman Sachs & Co Wertpap 7.00 7/20/2016 EUR 71.82
Goldman Sachs & Co Wertpap 8.00 7/20/2016 EUR 72.51
Goldman Sachs & Co Wertpap 4.00 8/24/2016 EUR 69.93
Goldman Sachs & Co Wertpap 7.00 8/24/2016 EUR 72.29
Goldman Sachs & Co Wertpap 8.00 8/24/2016 EUR 73.14
DZ Bank AG Deutsche Zentra 9.75 12/21/2015 EUR 44.98
DZ Bank AG Deutsche Zentra 7.25 3/21/2016 EUR 46.50
DZ Bank AG Deutsche Zentra 8.75 6/20/2016 EUR 48.78
DZ Bank AG Deutsche Zentra 5.40 12/21/2015 EUR 55.23
DZ Bank AG Deutsche Zentra 5.20 3/21/2016 EUR 56.49
DZ Bank AG Deutsche Zentra 5.30 6/20/2016 EUR 57.34
DZ Bank AG Deutsche Zentra 4.90 9/19/2016 EUR 58.17
HSBC Trinkaus & Burkhardt 8.65 6/17/2016 EUR 54.37
Goldman Sachs & Co Wertpap 22.00 1/20/2016 EUR 43.39
Goldman Sachs & Co Wertpap 22.00 2/24/2016 EUR 63.64
Goldman Sachs & Co Wertpap 17.00 6/22/2016 EUR 49.77
Vontobel Financial Product 8.45 12/28/2015 EUR 54.71
Vontobel Financial Product 8.75 3/11/2016 EUR 71.70
Vontobel Financial Product 6.85 12/28/2015 EUR 70.03
Vontobel Financial Product 11.50 12/28/2015 EUR 57.33
Vontobel Financial Product 6.30 12/11/2015 EUR 47.97
UniCredit Bank AG 4.00 6/24/2016 EUR 59.60
UniCredit Bank AG 4.00 6/24/2016 EUR 50.66
Commerzbank AG 5.00 1/21/2016 EUR 49.86
Commerzbank AG 6.00 1/21/2016 EUR 60.70
Deutsche Bank AG 3.20 12/22/2015 EUR 54.40
Deutsche Bank AG 3.20 3/22/2016 EUR 55.20
BNP Paribas Emissions- und 3.50 1/21/2016 EUR 75.07
BNP Paribas Emissions- und 7.00 7/21/2016 EUR 72.44
BNP Paribas Emissions- und 4.00 10/27/2016 EUR 77.20
BNP Paribas Emissions- und 4.50 10/27/2016 EUR 75.37
BNP Paribas Emissions- und 6.00 10/27/2016 EUR 72.71
BNP Paribas Emissions- und 3.00 1/26/2017 EUR 76.46
BNP Paribas Emissions- und 4.50 1/26/2017 EUR 76.11
BNP Paribas Emissions- und 4.00 7/27/2017 EUR 75.39
BNP Paribas Emissions- und 4.50 7/27/2017 EUR 75.86
Deutsche Bank AG 4.20 11/25/2015 EUR 61.20
Deutsche Bank AG 4.20 11/25/2015 EUR 58.60
Deutsche Bank AG 4.20 11/25/2015 EUR 54.20
Commerzbank AG 8.50 12/24/2015 EUR 66.95
Commerzbank AG 6.50 1/21/2016 EUR 70.73
Commerzbank AG 9.25 1/21/2016 EUR 65.95
Commerzbank AG 12.25 1/21/2016 EUR 61.82
Commerzbank AG 8.00 12/24/2015 EUR 71.93
Commerzbank AG 8.00 12/24/2015 EUR 52.83
Commerzbank AG 6.50 12/24/2015 EUR 49.60
DZ Bank AG Deutsche Zentra 6.25 2/26/2016 EUR 77.16
Deutsche Bank AG 3.20 11/25/2015 EUR 57.30
Deutsche Bank AG 3.20 11/25/2015 EUR 54.20
Deutsche Bank AG 3.20 12/22/2015 EUR 57.60
Deutsche Bank AG 3.20 3/22/2016 EUR 58.40
Deutsche Bank AG 3.20 11/25/2015 EUR 64.10
Deutsche Bank AG 3.20 12/22/2015 EUR 64.30
Deutsche Bank AG 3.20 3/22/2016 EUR 64.80
Deutsche Bank AG 3.20 3/22/2016 EUR 62.00
BNP Paribas Emissions- und 4.00 7/21/2016 EUR 77.16
BNP Paribas Emissions- und 4.50 7/21/2016 EUR 75.03
Deutsche Bank AG 4.20 11/25/2015 EUR 74.90
Deutsche Bank AG 4.20 11/25/2015 EUR 51.40
Commerzbank AG 5.75 12/24/2015 EUR 72.43
Commerzbank AG 11.75 12/24/2015 EUR 62.33
Vontobel Financial Product 13.55 12/28/2015 EUR 61.09
Commerzbank AG 9.50 12/24/2015 EUR 56.15
DZ Bank AG Deutsche Zentra 5.90 12/21/2015 EUR 54.31
DZ Bank AG Deutsche Zentra 5.60 3/21/2016 EUR 55.66
Vontobel Financial Product 6.00 2/4/2016 EUR 56.28
Deutsche Bank AG 6.20 3/22/2016 EUR 58.20
Deutsche Bank AG 5.20 3/22/2016 EUR 57.80
Deutsche Bank AG 6.20 11/25/2015 EUR 48.90
Deutsche Bank AG 5.20 11/25/2015 EUR 48.80
Deutsche Bank AG 6.20 12/22/2015 EUR 49.40
Deutsche Bank AG 5.20 3/22/2016 EUR 50.60
Commerzbank AG 12.25 6/23/2016 EUR 73.45
Deutsche Bank AG 7.20 11/25/2015 EUR 67.40
Deutsche Bank AG 7.20 3/22/2016 EUR 74.20
Deutsche Bank AG 7.20 3/22/2016 EUR 69.50
Deutsche Bank AG 7.20 11/25/2015 EUR 56.30
Deutsche Bank AG 7.20 11/25/2015 EUR 54.00
Deutsche Bank AG 7.20 3/22/2016 EUR 58.50
Deutsche Bank AG 7.20 3/22/2016 EUR 56.30
Deutsche Bank AG 7.20 11/25/2015 EUR 46.60
Deutsche Bank AG 7.20 12/22/2015 EUR 49.50
Deutsche Bank AG 7.20 12/22/2015 EUR 47.20
Deutsche Bank AG 7.20 3/22/2016 EUR 51.30
Deutsche Bank AG 7.20 3/22/2016 EUR 49.00
DZ Bank AG Deutsche Zentra 5.50 2/26/2016 EUR 55.51
DZ Bank AG Deutsche Zentra 5.50 2/26/2016 EUR 50.82
DZ Bank AG Deutsche Zentra 5.00 2/26/2016 EUR 64.78
DZ Bank AG Deutsche Zentra 5.50 12/28/2015 EUR 52.99
Vontobel Financial Product 6.70 2/9/2016 EUR 49.64
DZ Bank AG Deutsche Zentra 7.20 12/21/2015 EUR 74.92
DZ Bank AG Deutsche Zentra 8.25 6/20/2016 EUR 68.49
DZ Bank AG Deutsche Zentra 4.70 6/20/2016 EUR 57.93
DZ Bank AG Deutsche Zentra 5.20 9/19/2016 EUR 57.52
Deutsche Bank AG 5.20 11/25/2015 EUR 58.60
Deutsche Bank AG 6.20 11/25/2015 EUR 58.70
Deutsche Bank AG 5.20 11/25/2015 EUR 51.40
Deutsche Bank AG 6.20 11/25/2015 EUR 51.50
Deutsche Bank AG 5.20 12/22/2015 EUR 49.20
Deutsche Bank AG 6.20 3/22/2016 EUR 50.90
Commerzbank AG 8.25 6/23/2016 EUR 77.72
Commerzbank AG 10.25 6/23/2016 EUR 75.46
Deutsche Bank AG 7.20 11/25/2015 EUR 72.30
Deutsche Bank AG 7.20 11/25/2015 EUR 49.00
Leonteq Securities AG 9.00 2/16/2016 EUR 72.73
BNP Paribas Emissions- und 6.00 7/21/2016 EUR 78.56
BNP Paribas Emissions- und 6.50 7/21/2016 EUR 75.60
BNP Paribas Emissions- und 5.00 1/21/2016 EUR 77.87
BNP Paribas Emissions- und 6.50 1/21/2016 EUR 75.27
UBS AG/London 6.50 7/8/2016 CHF 47.03
BNP Paribas Emissions- und 6.00 1/21/2016 EUR 52.52
DZ Bank AG Deutsche Zentra 5.10 3/21/2016 EUR 51.58
DZ Bank AG Deutsche Zentra 6.00 3/21/2016 EUR 50.93
DZ Bank AG Deutsche Zentra 8.50 12/21/2015 EUR 61.59
DZ Bank AG Deutsche Zentra 7.30 3/21/2016 EUR 63.09
DZ Bank AG Deutsche Zentra 5.20 12/21/2015 EUR 51.30
DZ Bank AG Deutsche Zentra 5.60 12/21/2015 EUR 50.37
DZ Bank AG Deutsche Zentra 6.60 12/21/2015 EUR 49.50
Vontobel Financial Product 7.00 2/26/2016 EUR 47.44
Vontobel Financial Product 8.00 2/26/2016 EUR 49.60
HSBC Trinkaus & Burkhardt 5.50 1/31/2017 EUR 56.52
Vontobel Financial Product 7.85 12/11/2015 EUR 67.83
Vontobel Financial Product 5.65 12/11/2015 EUR 72.35
Vontobel Financial Product 5.50 3/11/2016 EUR 72.17
Vontobel Financial Product 7.25 3/11/2016 EUR 68.61
DZ Bank AG Deutsche Zentra 6.75 12/28/2015 EUR 49.65
Goldman Sachs & Co Wertpap 11.00 4/20/2016 EUR 74.36
Deutsche Bank AG 6.20 1/19/2016 EUR 73.10
Goldman Sachs & Co Wertpap 8.00 5/25/2016 EUR 71.57
Deutsche Bank AG 4.20 1/19/2016 EUR 72.70
Goldman Sachs & Co Wertpap 11.00 7/20/2016 EUR 74.36
Deutsche Bank AG 5.20 1/19/2016 EUR 72.90
Goldman Sachs & Co Wertpap 5.00 8/24/2016 EUR 70.67
Goldman Sachs & Co Wertpap 6.00 8/24/2016 EUR 71.52
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 74.80
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 74.72
Goldman Sachs & Co Wertpap 3.00 8/24/2016 EUR 46.48
Goldman Sachs & Co Wertpap 4.00 8/24/2016 EUR 47.27
Goldman Sachs & Co Wertpap 7.00 8/24/2016 EUR 49.64
Goldman Sachs & Co Wertpap 8.00 8/24/2016 EUR 50.42
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 52.00
Goldman Sachs & Co Wertpap 5.00 12/21/2016 EUR 49.64
DZ Bank AG Deutsche Zentra 12.00 12/18/2015 EUR 69.00
Deutsche Bank AG 5.20 1/19/2016 EUR 64.90
Deutsche Bank AG 4.20 1/19/2016 EUR 64.70
Deutsche Bank AG 6.20 1/19/2016 EUR 65.10
Deutsche Bank AG 4.20 1/19/2016 EUR 61.80
Deutsche Bank AG 5.20 1/19/2016 EUR 62.00
Deutsche Bank AG 6.20 1/19/2016 EUR 62.20
Deutsche Bank AG 4.20 1/19/2016 EUR 59.20
Deutsche Bank AG 5.20 1/19/2016 EUR 59.40
Deutsche Bank AG 6.20 1/19/2016 EUR 59.60
UBS AG 8.00 9/23/2016 EUR 73.94
UBS AG 5.50 9/23/2016 EUR 55.21
Vontobel Financial Product 7.55 2/26/2016 EUR 49.98
Vontobel Financial Product 7.65 2/26/2016 EUR 49.94
Bank Julius Baer & Co Ltd/ 12.00 2/5/2016 USD 51.95
Deutsche Bank AG 5.20 12/22/2015 EUR 64.50
Deutsche Bank AG 6.20 12/22/2015 EUR 64.70
Deutsche Bank AG 4.20 12/22/2015 EUR 64.40
Deutsche Bank AG 6.20 12/22/2015 EUR 61.80
Deutsche Bank AG 4.20 12/22/2015 EUR 61.50
Deutsche Bank AG 5.20 12/22/2015 EUR 61.60
Deutsche Bank AG 4.20 12/22/2015 EUR 58.90
Deutsche Bank AG 6.20 3/22/2016 EUR 65.90
Deutsche Bank AG 5.20 3/22/2016 EUR 65.50
Deutsche Bank AG 4.20 3/22/2016 EUR 65.20
Deutsche Bank AG 6.20 3/22/2016 EUR 63.10
Deutsche Bank AG 4.20 3/22/2016 EUR 62.40
Deutsche Bank AG 5.20 3/22/2016 EUR 62.70
Deutsche Bank AG 5.20 3/22/2016 EUR 60.20
Deutsche Bank AG 6.20 3/22/2016 EUR 60.50
Deutsche Bank AG 4.20 3/22/2016 EUR 59.80
Deutsche Bank AG 5.20 6/21/2016 EUR 64.60
Deutsche Bank AG 6.20 6/21/2016 EUR 65.20
Deutsche Bank AG 4.20 6/21/2016 EUR 63.90
Deutsche Bank AG 6.20 6/21/2016 EUR 62.60
Deutsche Bank AG 4.20 6/21/2016 EUR 61.30
Deutsche Bank AG 5.20 6/21/2016 EUR 61.90
Deutsche Bank AG 4.20 6/21/2016 EUR 58.90
Deutsche Bank AG 5.20 6/21/2016 EUR 59.50
Deutsche Bank AG 6.20 6/21/2016 EUR 60.10
Bank Julius Baer & Co Ltd/ 9.80 2/5/2016 EUR 57.30
Deutsche Bank AG 4.20 12/22/2015 EUR 54.50
Deutsche Bank AG 4.20 12/22/2015 EUR 51.70
Deutsche Bank AG 4.20 3/22/2016 EUR 55.60
Deutsche Bank AG 6.20 3/22/2016 EUR 53.50
Deutsche Bank AG 5.20 3/22/2016 EUR 53.10
Deutsche Bank AG 4.20 3/22/2016 EUR 52.70
Deutsche Bank AG 4.20 6/21/2016 EUR 56.00
Deutsche Bank AG 4.20 6/21/2016 EUR 53.20
Deutsche Bank AG 6.20 6/21/2016 EUR 54.40
Deutsche Bank AG 5.20 6/21/2016 EUR 53.80
Deutsche Bank AG 4.20 1/19/2016 EUR 54.80
Deutsche Bank AG 5.20 1/19/2016 EUR 55.10
Deutsche Bank AG 4.20 1/19/2016 EUR 52.00
Deutsche Bank AG 6.20 1/19/2016 EUR 52.40
Deutsche Bank AG 5.20 1/19/2016 EUR 52.20
BNP Paribas Emissions- und 9.00 3/24/2016 EUR 74.85
UBS AG 11.50 9/23/2016 EUR 72.26
UBS AG 12.50 9/23/2016 EUR 70.26
UBS AG 4.25 9/23/2016 EUR 71.09
UBS AG 6.25 9/23/2016 EUR 78.47
UBS AG 14.50 6/24/2016 EUR 68.57
UBS AG 7.50 9/23/2016 EUR 53.49
UBS AG 10.50 9/23/2016 EUR 73.43
UBS AG 9.00 9/23/2016 EUR 75.19
UBS AG 9.00 6/24/2016 EUR 72.97
UBS AG 11.50 1/28/2016 AUD 45.35
Landesbank Hessen-Thuering 4.25 5/27/2016 EUR 69.40
Credit Suisse AG/Nassau 8.00 2/11/2016 EUR 48.06
DZ Bank AG Deutsche Zentra 8.25 3/29/2016 EUR 62.93
DZ Bank AG Deutsche Zentra 8.00 6/24/2016 EUR 64.09
Goldman Sachs & Co Wertpap 15.00 12/23/2015 EUR 72.30
Goldman Sachs & Co Wertpap 15.00 5/25/2016 EUR 72.68
Goldman Sachs & Co Wertpap 21.00 7/20/2016 EUR 71.19
Goldman Sachs & Co Wertpap 10.00 8/24/2016 EUR 75.31
Goldman Sachs & Co Wertpap 15.00 8/24/2016 EUR 73.52
Goldman Sachs & Co Wertpap 19.00 8/24/2016 EUR 71.65
Goldman Sachs & Co Wertpap 16.00 12/21/2016 EUR 74.35
DZ Bank AG Deutsche Zentra 8.25 3/29/2016 EUR 59.34
DZ Bank AG Deutsche Zentra 9.00 6/24/2016 EUR 60.05
DZ Bank AG Deutsche Zentra 9.75 12/28/2015 EUR 57.54
DZ Bank AG Deutsche Zentra 5.50 6/24/2016 EUR 51.67
DZ Bank AG Deutsche Zentra 5.75 6/24/2016 EUR 51.83
Societe Generale Effekten 6.23 1/6/2016 EUR 65.32
Societe Generale Effekten 3.75 1/6/2016 EUR 56.85
Societe Generale Effekten 4.75 7/1/2016 EUR 60.98
Landesbank Hessen-Thuering 8.25 3/6/2020 EUR 56.08
DZ Bank AG Deutsche Zentra 6.25 3/21/2016 EUR 51.01
DZ Bank AG Deutsche Zentra 5.75 3/21/2016 EUR 51.11
Leonteq Securities AG 6.00 2/20/2017 CHF 61.27
Vontobel Financial Product 6.00 6/10/2016 EUR 50.64
Commerzbank AG 5.00 2/25/2016 EUR 49.48
Goldman Sachs & Co Wertpap 21.00 3/23/2016 EUR 64.98
DZ Bank AG Deutsche Zentra 8.00 3/29/2016 EUR 66.28
Commerzbank AG 5.50 12/24/2015 EUR 73.44
Commerzbank AG 7.50 12/24/2015 EUR 69.78
Commerzbank AG 6.25 1/21/2016 EUR 72.06
Commerzbank AG 10.75 1/21/2016 EUR 65.86
Commerzbank AG 8.50 6/23/2016 EUR 74.03
Commerzbank AG 10.50 6/23/2016 EUR 72.02
Commerzbank AG 11.75 6/23/2016 EUR 71.07
Commerzbank AG 8.75 6/23/2016 EUR 74.80
Commerzbank AG 9.50 6/23/2016 EUR 74.06
Commerzbank AG 10.50 6/23/2016 EUR 73.46
Commerzbank AG 5.75 6/23/2016 EUR 55.84
Commerzbank AG 6.75 6/23/2016 EUR 55.35
Commerzbank AG 7.50 6/23/2016 EUR 54.76
Commerzbank AG 6.25 6/23/2016 EUR 63.33
Commerzbank AG 8.00 6/23/2016 EUR 61.34
Commerzbank AG 9.25 6/23/2016 EUR 60.69
Commerzbank AG 10.25 6/23/2016 EUR 59.95
Vontobel Financial Product 6.00 8/26/2016 EUR 53.49
Vontobel Financial Product 6.25 12/11/2015 EUR 64.31
HSBC Trinkaus & Burkhardt 7.90 12/28/2015 EUR 68.25
HSBC Trinkaus & Burkhardt 12.80 12/28/2015 EUR 45.93
HSBC Trinkaus & Burkhardt 13.60 12/28/2015 EUR 68.77
HSBC Trinkaus & Burkhardt 9.40 1/22/2016 EUR 73.83
HSBC Trinkaus & Burkhardt 8.10 12/28/2015 EUR 62.10
HSBC Trinkaus & Burkhardt 9.10 3/25/2016 EUR 61.58
HSBC Trinkaus & Burkhardt 6.50 11/27/2015 EUR 64.20
HSBC Trinkaus & Burkhardt 9.70 1/22/2016 EUR 60.27
HSBC Trinkaus & Burkhardt 6.40 1/22/2016 EUR 65.12
HSBC Trinkaus & Burkhardt 7.40 1/22/2016 EUR 55.93
HSBC Trinkaus & Burkhardt 15.60 12/28/2015 EUR 67.16
HSBC Trinkaus & Burkhardt 10.30 1/22/2016 EUR 73.42
Vontobel Financial Product 3.10 4/8/2016 EUR 58.62
Vontobel Financial Product 3.70 4/8/2016 EUR 57.24
Vontobel Financial Product 6.15 6/10/2016 EUR 54.66
Vontobel Financial Product 6.85 6/10/2016 EUR 53.78
Vontobel Financial Product 7.60 6/10/2016 EUR 52.98
Vontobel Financial Product 6.65 6/10/2016 EUR 65.63
Vontobel Financial Product 9.05 6/10/2016 EUR 61.94
Vontobel Financial Product 8.00 12/7/2015 EUR 48.01
Commerzbank AG 5.00 1/21/2016 EUR 55.24
BNP Paribas Emissions- und 5.00 3/24/2016 EUR 59.32
BNP Paribas Emissions- und 5.50 3/24/2016 EUR 57.87
BNP Paribas Emissions- und 7.00 3/24/2016 EUR 56.87
BNP Paribas Emissions- und 7.50 3/24/2016 EUR 55.59
BNP Paribas Emissions- und 6.50 6/23/2016 EUR 59.36
BNP Paribas Emissions- und 7.50 6/23/2016 EUR 57.01
BNP Paribas Emissions- und 9.50 6/23/2016 EUR 55.57
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 54.64
BNP Paribas Emissions- und 4.00 12/22/2016 EUR 64.46
BNP Paribas Emissions- und 5.00 12/22/2016 EUR 62.29
BNP Paribas Emissions- und 6.00 12/22/2016 EUR 60.41
BNP Paribas Emissions- und 7.00 12/22/2016 EUR 58.79
BNP Paribas Emissions- und 8.00 3/24/2016 EUR 54.39
BNP Paribas Emissions- und 9.50 3/24/2016 EUR 53.62
BNP Paribas Emissions- und 10.00 3/24/2016 EUR 52.55
BNP Paribas Emissions- und 3.50 6/23/2016 EUR 64.47
BNP Paribas Emissions- und 4.00 6/23/2016 EUR 62.90
Commerzbank AG 4.60 4/7/2016 EUR 52.82
Commerzbank AG 10.00 12/24/2015 EUR 66.55
Commerzbank AG 8.50 1/21/2016 EUR 68.78
UBS AG/London 4.30 3/11/2016 EUR 72.37
Commerzbank AG 9.50 6/23/2016 EUR 73.01
Commerzbank AG 7.75 6/23/2016 EUR 75.43
Commerzbank AG 4.25 6/23/2016 EUR 57.26
Commerzbank AG 5.00 6/23/2016 EUR 56.52
Commerzbank AG 8.50 6/23/2016 EUR 54.36
Commerzbank AG 9.25 6/23/2016 EUR 53.85
Commerzbank AG 7.00 6/23/2016 EUR 62.22
Norddeutsche Landesbank Gi 4.75 6/3/2016 EUR 73.04
Vontobel Financial Product 3.75 9/9/2016 EUR 58.41
Vontobel Financial Product 3.90 6/17/2016 EUR 57.71
Vontobel Financial Product 4.75 6/17/2016 EUR 56.70
Vontobel Financial Product 22.75 6/24/2016 EUR 52.98
Vontobel Financial Product 8.65 12/28/2015 EUR 49.87
Vontobel Financial Product 9.80 12/28/2015 EUR 48.83
Goldman Sachs & Co Wertpap 9.00 2/24/2016 EUR 51.39
Goldman Sachs & Co Wertpap 9.00 2/24/2016 EUR 51.39
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 52.08
Goldman Sachs & Co Wertpap 9.00 3/23/2016 EUR 52.08
Goldman Sachs & Co Wertpap 9.00 6/22/2016 EUR 54.05
Vontobel Financial Product 6.00 2/5/2016 EUR 48.73
DZ Bank AG Deutsche Zentra 6.25 1/20/2016 EUR 49.97
DZ Bank AG Deutsche Zentra 7.00 3/29/2016 EUR 41.68
DZ Bank AG Deutsche Zentra 7.50 6/24/2016 EUR 63.59
Vontobel Financial Product 5.05 1/15/2016 EUR 58.37
Vontobel Financial Product 8.60 12/11/2015 EUR 54.31
Vontobel Financial Product 5.15 3/11/2016 EUR 59.20
Vontobel Financial Product 7.50 3/11/2016 EUR 56.17
Vontobel Financial Product 4.80 12/11/2015 EUR 67.37
Vontobel Financial Product 4.95 3/11/2016 EUR 68.23
Vontobel Financial Product 6.10 3/11/2016 EUR 65.60
HSBC Trinkaus & Burkhardt 10.00 1/22/2016 EUR 64.94
HSBC Trinkaus & Burkhardt 7.00 3/25/2016 EUR 51.25
HSBC Trinkaus & Burkhardt 7.50 1/22/2016 EUR 50.38
HSBC Trinkaus & Burkhardt 6.20 3/25/2016 EUR 65.92
HSBC Trinkaus & Burkhardt 13.50 12/28/2015 EUR 50.93
Vontobel Financial Product 11.85 12/11/2015 EUR 60.23
Commerzbank AG 6.00 1/21/2016 EUR 68.20
DZ Bank AG Deutsche Zentra 8.10 12/21/2015 EUR 64.37
DZ Bank AG Deutsche Zentra 8.80 12/21/2015 EUR 63.10
DZ Bank AG Deutsche Zentra 7.50 3/21/2016 EUR 64.60
DZ Bank AG Deutsche Zentra 5.30 3/21/2016 EUR 54.58
DZ Bank AG Deutsche Zentra 9.25 12/21/2015 EUR 49.80
DZ Bank AG Deutsche Zentra 7.25 3/21/2016 EUR 51.37
DZ Bank AG Deutsche Zentra 9.50 12/21/2015 EUR 58.66
DZ Bank AG Deutsche Zentra 8.00 12/21/2015 EUR 58.49
BNP Paribas Emissions- und 9.50 3/24/2016 EUR 77.31
BNP Paribas Emissions- und 13.00 3/24/2016 EUR 71.18
BNP Paribas Emissions- und 8.00 6/23/2016 EUR 78.75
DZ Bank AG Deutsche Zentra 6.60 12/21/2015 EUR 66.47
DZ Bank AG Deutsche Zentra 5.60 3/21/2016 EUR 67.38
DZ Bank AG Deutsche Zentra 6.70 3/21/2016 EUR 65.60
DZ Bank AG Deutsche Zentra 6.10 12/21/2015 EUR 53.36
DZ Bank AG Deutsche Zentra 8.75 3/21/2016 EUR 60.66
DZ Bank AG Deutsche Zentra 7.75 3/21/2016 EUR 60.30
Commerzbank AG 10.50 1/21/2016 EUR 78.31
Commerzbank AG 12.75 1/21/2016 EUR 75.00
Commerzbank AG 11.50 1/21/2016 EUR 76.01
Commerzbank AG 10.25 1/21/2016 EUR 49.15
Vontobel Financial Product 7.65 5/27/2016 EUR 72.94
Commerzbank AG 8.00 1/21/2016 EUR 57.41
Commerzbank AG 10.50 1/21/2016 EUR 59.74
UBS AG/London 11.75 12/28/2015 CHF 74.65
BNP Paribas Emissions- und 14.00 3/24/2016 EUR 58.75
BNP Paribas Emissions- und 8.50 6/23/2016 EUR 67.37
Commerzbank AG 3.75 1/21/2016 EUR 60.43
Commerzbank AG 4.50 1/21/2016 EUR 58.92
Commerzbank AG 4.00 1/21/2016 EUR 75.05
Commerzbank AG 4.75 1/21/2016 EUR 73.07
Commerzbank AG 5.50 1/21/2016 EUR 71.17
Commerzbank AG 6.50 1/21/2016 EUR 69.42
Commerzbank AG 10.25 1/21/2016 EUR 63.24
Commerzbank AG 4.25 1/21/2016 EUR 65.48
Commerzbank AG 5.25 1/21/2016 EUR 63.94
Leonteq Securities AG 12.00 1/27/2016 AUD 49.79
Commerzbank AG 7.25 1/21/2016 EUR 52.39
Leonteq Securities AG 10.20 2/2/2016 USD 62.22
*********
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.
*********
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.
* * * End of Transmission * * *