/raid1/www/Hosts/bankrupt/TCREUR_Public/160516.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Monday, May 16, 2016, Vol. 17, No. 095
Headlines
A Z E R B A I J A N
AZERENERJI: S&P Lowers Long-Term CCR to BB, Outlook Stable
B E L G I U M
VLM AIRLINES: Files for Creditor Protection, May 25 Hearing Set
B U L G A R I A
TV7: Declared Bankrupt by Sofia City Court, Conservator Appointed
F I N L A N D
TALVIVAARA MINING: Finland to Inject EUR100MM Into Terrafame
F R A N C E
ELIS SA: S&P Affirms BB CCR & Revises Outlook to Positive
FINANCIERE GAILLON: S&P Raises CCR to BB-, Then Withdraws Rating
NOVACAP INTERNATIONAL: S&P Affirms B CCR, Outlook Stable
OBERTHUR TECHNOLOGIES: Fitch Affirms B IDR, Outlook Positive
VALLOUREC: S&P Lowers Corp. Credit Rating to B+; Outlook Neg.
G E R M A N Y
BAYERNLB CAPITAL: Fitch Raises Rating on Instruments to BB-
I T A L Y
ASTALDI SPA: S&P Cuts Long-Term Corporate Credit Rating to B
MANUTENCOOP FACILITY: S&P Affirms B- CCR; Outlook Negative
PRIVILEGE YARD: May 27 Bid Submission Deadline Set for Assets
K A Z A K H S T A N
KAZAGROFINANCE: Fitch Lowers IDR to BB+; Outlook Stable
L U X E M B O U R G
FAGE INTERNATIONAL: S&P Raises LT CCR to B+; Outlook Stable
INTELSAT SA: S&P Lowers Corporate Credit Rating to 'SD'
M A L T A
OW BUNKER: Obtains Favorable Ruling in PST Energy Fuel Dispute
M O N T E N E G R O
MONTENEGRO: S&P Affirms B+/B Sovereign Ratings, Outlook Negative
N E T H E R L A N D S
ALME LOAN V: S&P Assigns Prelim. B- Rating to Class F Certs
EUROSAIL-NL 2007-1: S&P Lowers Rating on Class D Notes to B-
R O M A N I A
ASTRA ASIGURARI: Major Shareholder to Sue State Over Bankruptcy
R U S S I A
MAGADAN OBLAST: S&P Affirms B+ ICR; Outlook Remains Negative
NATIONAL FACTORING: S&P Puts B Ratings on CreditWatch Negative
POLYUS GOLD: S&P Assigns BB- Long-Term CCR, Outlook Stable
SAKHA REPUBLIC: S&P Assigns BB Rating to Proposed RUB5.5BB Bond
S L O V E N I A
ABANKA VIPA: Fitch Raises Long-Term IDR to BB, Outlook Stable
S P A I N
GRUPO ISOLUX: Mulls Debt-for-Equity Swap Talks with Creditors
T U R K E Y
HABAS SINAI: Fitch Affirms B+ Long-Term IDR; Outlook Stable
U K R A I N E
UKRGASPROMBANK: Kyiv Appeal Court Upholds Ruling Against NBU
X X X X X X X X
* BOND PRICING: For the Week May 9 to May 13, 2016
*********
===================
A Z E R B A I J A N
===================
AZERENERJI: S&P Lowers Long-Term CCR to BB, Outlook Stable
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term
corporate credit rating on Azerbaijan-based electricity utility
Azerenerji to 'BB' from 'BB+'. The outlook is stable. S&P
affirmed the 'B' short-term corporate credit rating.
S&P also removed the ratings from CreditWatch, where it had
placed them with negative implications on Jan. 11, 2016.
The downgrade primarily reflects S&P's view of the company's very
fragile financial metrics and the heightened risk of government
support weakening over time in light of the fiscal and external
pressures the government faces.
The ratings on Azerenerji remain supported by S&P's so-far-
unchanged assessment of an almost certain likelihood that the
government of Azerbaijan would continue to provide timely and
sufficient extraordinary support to the utility if needed.
S&P notes, however, that Azerenerji's weaker financial metrics
and higher leverage -- after the local currency devaluation at
the end of last year -- put pressure on its ability to service
debts and led to increased reliance on state financial support
(for example, equity injections). S&P's base case is that, due
to the high leverage increase after the Azerbaijani manat
devaluation, Azerenerji's capital structure is not sustainable
without financial aid from the state.
"We are observing a widening gap between the sovereign rating
(BB+/Stable/B) and Azerenerji's 'ccc+' SACP, and we believe there
are risks of extraordinary government support weakening over
time. In particular, we forecast that the Azerbaijani economy
will contract for the first time in over a decade. Alongside
this, the government will run fiscal deficits on a consolidated
basis, leading to a decline in the accumulated assets of the
sovereign wealth fund SOFAZ. As a result, we believe the state
could adopt a more-stringent approach to providing extraordinary
support over the next few years, which could in turn lead us to
revise down Azerenerji's role from critical currently. This is
why we no longer equalize the ratings on Azerenerji with those on
the sovereign; instead, we now apply a one-notch downward
adjustment from the sovereign rating to arrive at our corporate
credit rating on Azerenerji," S&P said.
S&P's current assessment of an almost certain likelihood of
government support is based on S&P's view of Azerenerji's:
-- Critical role for the government, since it is the state's
largest electricity utility and the government arm for
implementing strategies in the electricity sector.
Furthermore, the state's economic development and social
mandates ensure reliable and affordable electricity
provision, in S&P's view; and
-- Integral link with the government, given its 100% ownership
and S&P's expectation that this will not change in the next
three years. According to the company's information, the
state guarantees approximately 40% of the company's debt,
and direct state borrowings comprise the other 60%. The
Azerbaijani government has also closely overseen
Azerenerji's operations and strategies and the utility
understands that a default would put the sovereign's
reputation at risk. Azerenerji's president is appointed by
the president of Azerbaijan. Approval from the latter is
also required for Azerenerji's new state-guaranteed
borrowings.
S&P does not expect the government to increase Azerenerji's
tariffs, given its previous reluctance to do so due to social
concerns, but S&P do assume the state might provide support by
other means, such as paying Azerenerji's debt (all of which is
guaranteed by the state as S&P understands), equity injections,
tax write-offs, or management of payables to the fuel supplier,
Azerbaijan's state oil company, SOCAR.
The stable outlook on Azerenerji reflects that on the sovereign
rating.
Negative rating pressure might stem from deteriorating liquidity
and/or weakening state support. The latter might include smaller
equity injections than S&P currently expects, leading to stressed
liquidity and debt servicing. S&P notes that a downward revision
of the likelihood of extraordinary state support by one category
to extremely high would lead to a two-notch downgrade of
Azerenerji, all else being equal. At the same time, in S&P's
view, given that all of Azerenerji's debt is either to or
guaranteed by the state, the government will remain strongly
motivated to support the entity's financial and repayment
profile.
Any upside potential for the ratings on the company would follow
a similar positive rating action on the sovereign.
=============
B E L G I U M
=============
VLM AIRLINES: Files for Creditor Protection, May 25 Hearing Set
---------------------------------------------------------------
Kurt Hofmann at Air Transport World reports that VLM Airlines has
filed a formal application asking for creditor protection for six
months to avoid bankruptcy, a source close to the situation
confirmed to ATW following media reports in the Belgium and the
Netherlands.
A hearing will be held May 25, ATW discloses.
Several media outlets have reported that VLM said in a press
release that "the judicial reorganization [will give] the
necessary breathing space to primarily repay historical debts to
suppliers and to ensure the smooth running of daily operations",
ATW relates.
According to ATW, CEO Hamish Davidson was quoted in Belgium's
De Tijd as saying, "VLM Airlines NV is currently undergoing a
major restructuring to secure the company's future and its
employees".
VLM is a Belgian regional airline. The airline, which has 160
employees, was formed in 1993.
===============
B U L G A R I A
===============
TV7: Declared Bankrupt by Sofia City Court, Conservator Appointed
-----------------------------------------------------------------
SeeNews reports that the Sofia City Court declared on May 12
Bulgarian broadcaster TV7 bankrupt as of December 31, 2015 and
appointed a temporary conservator.
According to SeeNews, Capital daily said the bankruptcy was filed
in 2014 by No Frame Media Bulgaria owned by Nikolay Barekov, a
member of the European parliament.
Local company NURTS, owned by telecoms group BTC, and insolvent
Corpbank have also filed for TV7's bankruptcy, SeeNews relates.
The media company accumulated debts of BGN32 million (US$18.7
million/EUR16.4 million) compared to its assets evaluated at
about BGN20 million, SeeNews discloses.
The first meeting of the creditors will be held on July 6,
SeeNews says.
=============
F I N L A N D
=============
TALVIVAARA MINING: Finland to Inject EUR100MM Into Terrafame
------------------------------------------------------------
Jussi Rosendahl at Reuters reports that the Finnish government is
planning to inject around EUR100 million (US$113 million) into
Terrafame Mining, the state-owned company that runs Talvivaara's
former nickel mine, but may eventually still have to close the
operation, sources said.
Two sources who declined to be named told Reuters the government
is planning to propose this month that parliament approve the
funding, which would keep the mine running until the end of the
year.
"A closure of the mine is an option that will be considered,"
Reuters quotes a government source as saying.
The government took control of the mine last year, aiming to
avert a closure at the site in northern Finland where around 950
people including contractors worked as of the end of March,
Reuters recounts.
In 2014, Talvivaara Mining Company filed for debt restructuring
while its key subsidiary that owned the mining assets filed for
bankruptcy protection, Reuters relays.
The government has so far injected close to EUR250 million into
Terrafame, and said last year it might still close the mine if it
cannot find investors by 2017, Reuters notes.
The search for investors has become even more difficult after a
Finnish administrative court last month decided to make the
mine's environmental permit temporary, Reuters states.
Terrafame Chairman Lauri Ratia told Reuters he believed that from
the taxpayers' point of view, it would be better to try to expand
the mine.
"A closure would cost at least EUR300 million," Mr. Ratia, as
cited by Reuters, said.
About Talvivaara Mining
Talvivaara Mining Co. Ltd. is a Finnish nickel producer. It
filed for a corporate reorganization on Nov. 15, 2013, to raise
funds and avoid bankruptcy. The company suffered from falling
nickel prices and a slow ramp-up at its mine in northern Finland,
forcing it to seek fundraising help from investors and creditors.
===========
F R A N C E
===========
ELIS SA: S&P Affirms BB CCR & Revises Outlook to Positive
---------------------------------------------------------
S&P Global Ratings revised to positive from stable its outlook on
France-based textile and appliances rental provider Elis S.A. At
the same time, S&P affirmed its 'BB' long-term corporate credit
rating.
At the same time, S&P affirmed its 'BB' issue rating on Elis'
EUR800 million senior notes and EUR850 million of senior
facilities due February 2020. The recovery rating is unchanged
at '3', indicating that S&P's recovery expectations are at the
higher end of the 50%-70% range.
The notes and senior facilities were previously issued by wholly
owned subsidiary Novalis S.A.S (Novalis), but following the
consolidation of Novalis into Elis, Elis assumed all of the
rights and obligations as issuer of these instruments.
The rating action reflects S&P's expectation that Elis' credit
metrics will continue to moderately improve in 2016, as its IPO
and the recent debt reduction takes full effect. Organic growth
and the group's strategic acquisitions should support its good
operating performance.
S&P's view of Elis' creditworthiness continues to be supported by
its leading market position; scale of operations; and significant
profitability in France, as a result of which it has meaningful
operating leverage; and efficiency. In addition, as Elis
diversifies into other European and Latin American countries, it
benefits from increasing trends toward outsourcing in these
regions. This is partially offset by the lower margins, smaller
scale, and lower operating efficiency in these jurisdictions.
S&P expects Elis' financial metrics -- S&P Global Ratings-
adjusted funds from operations (FFO) to debt, debt to EBITDA, and
FFO cash interest coverage ratios -- to improve. The group
managed to significantly lower its interest costs, thereby
increasing its adjusted FFO to debt to slightly above 20%.
Organic growth, especially in Latin America, and strategic
acquisitions in Europe, should allow Elis to expand its
geographical network and strengthen its leading positions in the
European market. As a result, S&P expects to see good operating
results going forward and good profitability, with adjusted
EBITDA margins of about 30%.
In S&P's base-case scenario, it assumes that shareholders Eurazeo
and Legendre will continue to gradually reduce their stakes.
They sold a third of their stake in April 2016 and now hold less
than 30% of the shares and less than 40% of the voting rights.
S&P anticipates that the group's financial policy will be
moderately supportive of further reductions in leverage, but
acquisition spending and nominal dividend payments will continue.
In S&P's view, the rating remains constrained by the high level
of capital expenditure Elis needs, compared with its peers. This
leads to a free operating cash flow (FOCF)-to-debt ratio below
10%. Elis also has a lower level of geographic diversity than
its peers (France still accounts for almost 70% of revenues), is
relatively small in scale, and is exposed to potential risks
arising from litigation affecting its Brazilian entities. Elis
operates in a competitive and fragmented European market, and
although it benefits from leading positions in most of the
geographies it operates in, and it reports strong EBITDA margins,
S&P anticipates that future growth could be encumbered by a slow
economic recovery.
In S&P's base-case scenario, it assumes:
-- Elis' total revenues will increase by close to 5%-6% in
2016, although GDP growth in France of 1.3% and EU GDP
growth of 1.6% will slow revenue growth. In Brazil, S&P's
base-case scenario suggests that GDP will shrink by 3.6% in
2016, but S&P expects Elis to perform better than this, as
its recent growth in contracted volumes will offset the
fall in GDP, in part;
-- Bolt-on acquisitions in 2016, 2017, and 2018 will support
organic growth and allow Elis to strengthen its positions
in Europe and Latin America;
-- Adjusted EBITDA margins of between 28%-30%, as margins are
eroded in France but grow slightly in the rest of Europe
and Brazil due to productivity gains and knowledge
transfers;
-- Capital expenditures (capex) of about 14% of revenues; and
-- Shareholder returns of EUR40 million in 2016.
Based on these assumptions, S&P arrives at these credit measures
for 2016 and 2017:
-- Adjusted debt to EBITDA of 3.5x-4.0x;
-- Adjusted FFO to debt slightly above 20%;
-- Adjusted FOCF to debt of about 7%; and
-- Solid FFO cash interest coverage of about 9x.
The positive outlook reflects S&P's expectation that the
company's credit metrics and free cash flow generation are likely
to improve in 2016 and 2017, coupled with our expectations of
modest revenue and EBITDA growth.
S&P could consider an upgrade in the next 12 months if the group
integrates recent acquisitions more quickly than S&P currently
expects, improves its margins (and therefore its operating
leverage) in those geographies faster than anticipated, and, as a
result, can generate stronger free operating cash flow than S&P
currently forecasts. S&P considers credit metrics such as FOCF
to debt of around 10% and FFO to debt comfortably above 20% to be
commensurate with a higher rating level.
S&P could revise the outlook to stable if the litigation
affecting the Brazilian entities accelerates, significantly
harming Elis' brand and leading to the loss of key contracts and
a deterioration in credit metrics. Furthermore, a higher-than-
expected level of required capex or significant debt-funded
acquisitions, causing FOCF to debt to fall to the lower end of
the 5%-10% range and adjusted FFO to debt to drop below 20%,
could cause S&P to lower the rating.
FINANCIERE GAILLON: S&P Raises CCR to BB-, Then Withdraws Rating
----------------------------------------------------------------
S&P Global Ratings said that it raised the long-term corporate
credit rating on France-based holding company Financiere Gaillon
8 S.A. (FG8) to 'BB-' from 'B'. S&P removed the rating from
CreditWatch, where it had placed it with positive implications on
Feb. 4, 2016. S&P subsequently withdrew the corporate credit
rating at the request of the company. The outlook was stable at
the time of withdrawal.
S&P also withdrew its 'B' issue rating and '4' recovery rating on
FG8's EUR370 million senior notes due 2019, which have been fully
repaid.
The upgrade and stable outlook reflected FG8's improved financial
risk profile following the full repayment of its EUR370 million
senior notes, as well as S&P's belief that the company will
maintain lower leverage based on a less aggressive financial
policy.
FG8 has sold part of its stake in France-based residential
property developer Kaufman & Broad S.A. (K&B) through a private
placement in the equity markets. It used the proceeds, along
with a dividend from K&B, to fully repay its senior notes.
Following the notes' repayment, FG8 owns slightly less than 36%
of K&B's economic interest and about 55.5% of its voting rights.
FG8 now has no more debt outstanding. S&P understands that new
bank debt facilities were put in place at K&B for EUR300 million,
including a EUR100 million undrawn revolving credit facility
(RCF).
S&P's raising of the corporate credit rating to 'BB-' was based
on S&P's consolidated assessment of K&B and FG8, given S&P's view
that FG8 maintains control over K&B as it owns more than 50% of
its voting rights. On a consolidated basis, credit ratios
significantly improved following the repayment of the senior
notes. S&P estimates that the S&P Global Ratings-adjusted debt
to EBITDA ratio dropped to around 2x on a pro forma basis (from
above 5.1x as of Dec. 31, 2015) and FFO cash interest coverage
should improve to above 5x (from 2.7x for 2015).
However, S&P capped its financial risk profile assessment at
aggressive because FG8 is still 100% owned by the private equity
sponsor PAI Partners. S&P continued to view liquidity as
adequate and did not believe that leverage at FG8 is likely to
increase significantly over the short-to-medium term.
Accordingly, S&P revised the financial policy assessment to
financial sponsor-5 from financial sponsor-6.
The corporate credit rating on FG8 also reflected S&P's view of
its fair business risk profile. This assessment was also based
on S&P's consolidated view of K&B's operating activities as part
of the group. It was supported by K&B's established market
position and long track record in the French homebuilding market.
NOVACAP INTERNATIONAL: S&P Affirms B CCR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term corporate credit
rating on French chemical company Novacap International SAS. The
outlook is stable.
At the same time, S&P affirmed its 'B' issue rating on the
group's EUR405 million senior secured notes. The recovery rating
of '4' remains unchanged, reflecting S&P's expectation of
recovery in the higher half of the 30%-50% range in case of
default. S&P expects these bonds to be refinanced with the new
term loan B and equity.
At the same time, S&P assigned its 'B' issue rating to the
proposed EUR435 million term loan B, raised by Legendre Holding
48, and the proposed EUR90 million revolving credit facility
(RCF). The recovery rating is '3', indicating out expectation of
recovery in the lower half of the 50%-70% range in case of
default.
The affirmation reflects S&P's view that, under the proposed
capital structure, Novacap's adjusted gross debt to EBITDA will
remain in the 5.5x-6.0x range in 2016 and will reduce to 5.5x or
below in 2017. S&P also believes that Novacap's business has
gradually improved through recent acquisitions that have
increased the exposure to more resilient end markets. This is
based on S&P's expectation of the company's resilient performance
and notably no further significant one-off costs related to the
U.S. Food And Drug Administration (FDA) remediation program that
amounted to EUR17 million in 2015. S&P also takes into account
that the company should be able to generate consistent positive
free operating cash flow (FOCF) from 2017, once peak expansion
capital expenditures (capex) related to a greenfield sodium
bicarbonate plant in Singapore are over. Finally, company's cash
interest cover ratios remain supportive above 3x, and S&P
believes that Novacap's financial risk profile is positioned at
the higher end of the highly leveraged category. As such, S&P
selects the higher of the two possible anchor outcomes, 'b'.
S&P's adjusted debt doesn't include the preferred shares that
will represent 85%-90% of capital, which S&P regards as equity.
"We view the rising share of pharmaceutical chemicals in the
Novacap's business mix as positive. Pharma now accounts for 47%
of the company's EBITDA up from 28% two years ago, while the
share of mineral specialties and performance chemicals segments
decreased to 53% from 72%. We also positively note the increased
share of more resilient end-markets, which increased to 68% in
2015 from only 40% in 2011. The company's weak business risk
profile, as our criteria define this term, remains constrained,
however, by its limited track record of higher profitability due
to growth in the pharma segment and recent acquisitions as well
as the need for improvement in the areas of documentation and
data storage identified by the FDA following its investigation of
the company's Thai plant and one of its Chinese plants in 2015.
Finally, we note Novacap's limited scope of operations, some
exposure to commodity chemicals, and some degree of asset
concentration in France, notwithstanding the company's
diversification strategy through the Uetikon and Puyuan
acquisitions in 2015 and its increasing presence in Asia," S&P
noted.
The stable outlook reflects S&P's expectation that Novacap's
adjusted debt to EBITDA will remain in the 5.5x-6.0x range in
2016 and improve to below 5.5x in 2017, as result of positive
FOCF due to strong cash conversion and capex coming down from a
peak in 2016. S&P also sees FFO to cash interest of above 3x as
commensurate with the current ratings.
The outlook factors in S&P's expectation of the company's
resilient performance on the back of its diversity across three
business segments and S&P's assumption that profitability should
improve from 2015 levels that have been burdened by one-off items
related to the FDA remediation program.
Rating upside could be supported by further strengthening of
Novacap's business risk profile. Positive factors for instance
would be an established track record of increased profitability
and growth fueled by the pharma and cosmetics segment's
contribution to EBITDA, and reduced dependence on the European
market.
A downgrade could stem from debt-financed acquisitions, leading
to a debt-to-EBITDA ratio of above 6x with no prospects of
immediate recovery, additional releveraging, or unexpected
compression of margins. The latter could occur in case of
cyclical margin pressures in the performance chemical segments or
intense price competition from Indian or Chinese pharma chemical
producers.
OBERTHUR TECHNOLOGIES: Fitch Affirms B IDR, Outlook Positive
------------------------------------------------------------
Fitch Ratings has affirmed Oberthur Technologies Group SAS's (OT)
Issuer Default Rating at 'B' and removed it from Rating Watch
Positive (RWP). The Outlook is Positive.
OT's ratings are supported by its solid market position and
strong operating profile in security encryption technologies,
strong revenue growth, margin expansion and improved leverage.
Operating cash flows remain subject to volatile working capital
and the occurrence of persistent non-operational items. Delivery
of Fitch's forecast YE16 leverage would meet our upgrade
guidance. Subject to positive developments in free cash flow and
ongoing operational measures, this would lead to an upgrade.
KEY RATING DRIVERS
Off RWP, Positive Outlook
The removal from RWP reflects Fitch's view that plans to list
OT's shares publicly are not a high priority for management at
the moment, given the current equity market and IPO conditions.
Management comments suggest that its focus will remain on the
operational development of the business, which in Fitch's view is
performing well. Fitch understands that much of the work
previously done in preparing a listing remains in place and lays
the groundwork for any future transaction. However, this is not
our near-term working assumption for the capital structure.
The Positive Outlook reflects Fitch's view of OT's underlying
performance, driven mainly by growth in the Financial Services
division and margin expansion in Mobile Networks. Fitch's rating
case envisages funds from operations (FFO) net leverage falling
below our upgrade sensitivity of 4.5x by FY16, which combined
with positive free cash flow would be consistent with an upgrade.
Solid Operating, Financial Results
OT is the market number two in security and encryption
technologies, which play an increasingly important role in
commerce and key elements of society -- financial services,
mobile communications, connected devices, and identity. Fitch
considers the company has an established market position in both
sectors, along with diversified and embedded customer
relationships. Together, these provide revenue diversification
and growth potential.
Financial performance has been characterized by solid revenue and
earnings growth, weak cash flow driven by non-recurring items and
working capital, and high leverage. Strong 2015 results were
underpinned by technology migrations in both financial services
and mobile, with EBITDA up 24% and an EBITDA margin of 15.8%,
increased from 15.3%. Reported net debt /EBITDA improved to 3.7x
from 4.5x. In Fitch's view, these are strong results, with
further gains in terms of growth and margin improvement expected
in 2016. FX impacts, driven in 2016 so far by sterling weakness,
has muted reported growth, while working capital flows and non-
recurring charges continue to negatively affect cash flows.
Growth, Deleveraging and Cash Flow
Strong sales growth and margin expansion are expected to drive
further deleveraging at the net debt to EBITDA level. There is
less cash flow visibility. Nonetheless, the company recorded FFO
lease adjusted net leverage of 4.8x at YE15, down from 5.1x at
YE14; compared with an upgrade guideline of 4.5x. Revenue
trends, cost controls and some relatively conservative
assumptions with respect to working capital and recurring non-
operational charges taken above FFO, suggest the company will
further deleverage. Fitch's central rating case forecasts FFO net
leverage of around 4.2x by YE16. This metric would be below our
upgrade guideline, and subject to the delivery of modest free
cash flow, would support an upgrade.
Migration Opportunities, Technology Risk
Parts of the business, for instance basic mobile SIMs, are
commoditized with high price erosion. Others, like identity, are
subject to contract cyclicality and revenue volatility. OT's
Financial Services division experienced strong growth of 37% in
2015, driven by the US migration to chip and PIN payment cards.
Margins in the Mobile Network Operator division have also
recovered strongly, following earlier weakness, given the mobile
industry's move to 4G technology which is driving higher value
LTE SIM volumes. The company expects solid earnings growth in
Connected Devices.
Fitch considers the pace of technology change and sometimes
uncertain future technological outcomes, to offer both risk and
opportunity. OT has reported strong contract wins in Over- The-
Air platforms within the mobile networks division, while sales in
embedded Secure Element are currently underperforming
management's expectations given the slow pace of adoption in
China - the largest manufacturer nation and volume market for
smartphones. These examples highlight the need to continually
develop future technologies without necessarily having a clear
roadmap to their adoption.
Cash Flow Variables, Non-Recurring Items
Cash flow generation has historically been affected by volatile
working capital flows and the incidence of non-recurring items.
Fitch believes the latter are better described as non-operational
but to some extent recurring. Restructuring and transformation
projects, along with refinancing and repricing fees, have been
consistently reported - at EUR37.8 mil. and EUR45.2 mil. in 2015
and 2014, respectively. Fitch has treated around EUR23 mil. of
these charges in 2015 as above the funds from operation (FFO)
line and is assuming persistent but reducing non-recurring items
taken above FFO in our forecasts. Working capital cash flow has
been volatile, with OT reporting a gain of around EUR43m in 2013,
which reversed in the following year, and has remained volatile
since. The deleveraging envisaged in our forecasts and that
underpins the Positive Outlook will to some extent depend on a
more consistent future cash flow performance.
KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for OT include:
-- Low-mid single digit growth in 2016, affected in 1H16 by
currency effects, similar growth in the next two years,
driven by financial services, connected devices and
identity.
-- Improving EBITDA margin, approaching 17% by 2018 reflecting
positive sales mix, improving gross margin and cost
efficiencies.
-- Underlying non-operational cash outflows, including
EUR6 mil. IPO-preparation costs (taken below FFO); other
non-operational costs in the region of EUR35 mil. - half of
which taken above FFO - in 2016. Non-operational charges
taken above FFO to continue at a lower level in the next
two years.
-- Working capital cash out flow in the region of EUR10 mil.
to EUR15 mil. in 2016; remaining negative thereafter.
-- EUR5 mil. to EUR10 mil. M&A out flow in 2016.
RATING SENSITIVITIES
Positive: Future developments that may, individually or
collectively, lead to positive rating action include:
-- FFO net adjusted leverage consistently below 4.5x and FFO
fixed charge cover above 2.5x on a permanent basis,
-- An upgrade would be expected to be accompanied by a
consistent expectation of positive free cash flow.
Negative: The ratings could be negatively affected by FFO net
adjusted leverage above 6.5x and FFO fixed charge cover below 2x
on a permanent basis and any material loss in market share in the
payment or telecom divisions.
LIQUIDITY
At the end of March 2016, OT reported a cash balance of
EUR72.5 million, and maintains an EUR88 mil. committed RCF, of
which EUR35m was drawn at the end of March 2016. OT's nearest
significant debt maturity is October 2019, the due date of Term
Loan B. Fitch therefore considers liquidity and refinancing risk
satisfactory.
FULL LIST OF RATING ACTIONS
Oberthur Technologies Group SAS:
Issuer Default Rating: affirmed at 'B'; removed from RWP;
Positive Outlook
Oberthur Technologies SA
Senior secured term loan B1 due 2019: affirmed at 'BB-'/'RR2';
removed from RWP
Oberthur Technologies of America Corp
Senior secured term loan B2 due 2019: affirmed at 'BB-'/'RR2';
removed from RWP
Oberthur Technologies Finance SAS, Oberthur Technologies of
America Corp, and Oberthur Technologies SA
RCF due 2018: affirmed at 'BB-'/'RR2'; removed from RWP
Oberthur Technologies Group SAS
Unsecured notes due 2020: affirmed at 'CCC+'/'RR6'; removed
from RWP
VALLOUREC: S&P Lowers Corp. Credit Rating to B+; Outlook Neg.
-------------------------------------------------------------
S&P Global Ratings lowered its long-term corporate credit rating
on France-based seamless steel tube producer Vallourec to 'B+'
from 'BB-'. The outlook is negative. S&P affirmed the 'B'
short-term corporate credit rating.
S&P also lowered its issue rating on Vallourec's senior unsecured
debt to 'B+' from 'BB-'. S&P revised its recovery rating on
these instruments to '4' from '3', reflecting S&P's expectation
of recovery in the higher half of the 30%-50% range.
The downgrade reflects S&P's more pessimistic assumptions
regarding the pace of future improvement in Vallourec's
profitability, since management stated at the time of its first
quarter results that it did not expect a rebound in markets (in
contrast to S&P's previous assumption) and, in turn, of its
EBITDA in 2016. S&P thinks U.S. Oil Country Tubular Goods (OCTG)
markets may continue suffering from weak demand and destocking in
the second half of the year, while pricing pressures have
extended globally. Consequently, S&P now expects Vallourec's
2016 reported EBITDA (as defined by the company) to be about
negative EUR200 million-EUR250 million, below our previous
estimate of negative EUR100 million-EUR200 million as S&P
indicated on Feb. 2, 2016. Vallourec's first-quarter EBITDA (as
defined by the company's management) was very weak at negative
EUR72 million, albeit largely in line with S&P's expectations.
Furthermore, S&P projects that 2016 free operating cash flow
(FOCF) is likely to be heavily negative. S&P foresees about
negative EUR650 million-EUR700 million assuming some working
capital outflows this year, after hefty negative FOCF of
EUR239 million in the first quarter. S&P notes that current
company projections point to FOCF of about negative EUR600
million (assuming neutral working capital movements).
"Although we have limited visibility, we estimate that
Vallourec's reported EBITDA will show an improving quarterly
trend in 2017 that should result in full-year EBITDA of EUR200
million or more (down from our previous forecasts of at least
EUR300 million) and that 2018 full-year EBITDA will be much
higher than 2017. This will be on the back of cost savings and
restructuring measures, both in Europe and Brazil, and some
restocking at key clients. We also think EBITDA recovery will
stem from, albeit to a lesser extent, a marginal improvement in
market conditions. At the same time, we also recognize the
company's operating leverage, and EBITDA would be sensitive to a
more pronounced future recovery in volumes, which suffered a 39%
year-on-year drop in the first quarter," S&P said.
As such, adjusted debt to EBITDA could reach 5x-6x -- with funds
from operations (FFO) to debt at about 10%-15% -- in 2017.
Consequently, S&P has revised down its assessment of Vallourec's
financial risk profile to highly leveraged from aggressive.
Additionally, S&P continues to view the demand from Brazil-based
Petrobras -- one of Vallourec's largest clients -- as an area of
uncertainty, even if Petrobras' long-term investment plan in its
core presalt offshore projects remains largely unaffected by its
large capital expenditure (capex) cuts to date.
Under S&P's February 2016 base case, it had already factored in
the substantial capital increase of about EUR1 billion that was
completed last week. S&P believes the capital increase provides
some financial stability and will enable Vallourec to keep its
net debt at EUR1.5 billion or less by year-end 2016,
notwithstanding the heavy negative FOCF and the planned
acquisition of the Chinese Tianda facility for EUR160 million.
S&P also recognizes that Vallourec is taking steps to save costs
and improve its competitiveness, since its profitability has
suffered more than peers, in S&P's view. This includes a major
reduction of higher-cost capacities in Europe, focusing on high-
value and specialized activities, the acquisition of low-cost
capacity in China, and restructuring of its Brazilian activity
with its partners. S&P views this plan as wide-ranging, aiming
to restore margins by lowering the company's high fixed-cost
base. Some execution risks exist because the plan involves the
closure of some European plants. S&P notes, however, that the
restructuring plan is supported by reference shareholders,
including French investment public bank BPI and Nippon Steel &
Sumitomo Metal Corporation. Still, given the prolonged
underperformance in recent years, S&P has reassessed Vallourec's
management and governance as fair versus satisfactory previously.
This has no direct rating impact.
S&P continues to view Vallourec's business risk profile as fair,
based on S&P's view that the restructuring will have a positive
impact on profitability from 2017. Key strengths are the
company's strong market positions in the concentrated premium oil
country tubular goods pipe industry, high barriers to entry given
its premium products, sound geographic diversification, and
relative client concentration. S&P factors in Vallourec's
exposure to the oil and gas industry -- characterized as
inherently cyclical, competitive, and capital-intensive, with
long lead times to increase capacity. The main negative factor,
however, has been Vallourec's sharply contracting EBITDA margin
in 2015-2016 and, in turn, the high volatility of its
profitability.
The negative outlook reflects the one-in-three likelihood of a
downgrade within the next 12 months. This is based on the lack
of visibility on future improvement in Vallourec's EBITDA as well
as heightened competitive pressure in the context of a very
severe downturn in key markets globally. S&P takes into account
that 2016 financial performance will be very weak for the current
ratings, but assume that credit measures will improve by 2017 on
the back of Vallourec's transformational plan and some market
recovery. S&P sees adjusted debt to EBITDA of about 5x-6x, with
FFO to debt of about 10%-15% in 2017, as commensurate with the
current 'B+' rating, but expects these ratios will improve
thereafter.
S&P would consider a downgrade by the end of 2016 or early 2017
if there is a pronounced drop in our projections for 2017-2018.
In particular, S&P may lower the ratings if it don't expect
quarterly EBITDA to turn positive by mid-2017 and strongly
positive thereafter. If S&P thought that the adjusted debt-to-
EBITDA ratio could stay above 6.0x in 2017 and not improve
afterwards, S&P might also lower the rating.
S&P could revise the outlook to stable if it sees a lasting
recovery in Vallourec's profitability, together with adjusted
debt to EBITDA of about 5x on a sustainable basis. This could
occur if market conditions, notably demand and pricing for OCTG
pipes, improve and if Vallourec makes meaningful progress on its
transformation plan, resulting in a substantial reduction of
fixed costs.
=============
G E R M A N Y
=============
BAYERNLB CAPITAL: Fitch Raises Rating on Instruments to BB-
-----------------------------------------------------------
Fitch Ratings has upgraded Bayerische Landesbank's (BayernLB)
Viability Rating (VR) to 'bbb' from 'bb+' and affirmed the Long-
Term Issuer Default Rating at 'A-' with a Stable Outlook. The
Short-Term IDR has been affirmed at 'F1' and the Support Rating
at '1'. BayernLB's IDRs and Support Rating are driven by
institutional support from the bank's owners.
The upgrade of the VR primarily reflects the removal of legacy
risks as a result of the resolution of BayernLB's claims against
HETA Asset Resolution AG (HETA), in turn positively impacting the
bank's asset quality and capitalisation. A stable earnings base
over the last 12 months has also improved the bank's business
profile.
KEY RATING DRIVERS
IDRS, SR AND SENIOR DEBT
BayernLB's IDRs, SR and senior debt rating reflect Fitch's view
of a very strong likelihood of combined support from the bank's
owners, the state of Bavaria, the regional savings banks, and
ultimately Sparkassen-Finanzgruppe (Sparkassen) (SFG, A+/Stable).
Support assumptions are underpinned by provisions contained in
the statutes of SFG and the Landesbanken institutional protection
fund.
Fitch's institutional support considerations are based on the
view that the owners consider their investment in BayernLB long-
term and strategic. The owners' strong support propensity is
underpinned by the focus of BayernLB on its statutory roles,
which include supporting the regional economy, acting as the
central bank for regional savings banks and as Bavaria's house
bank.
In Fitch's view support would need to be forthcoming from SFG as
well as the federal state owner to avoid triggering state aid
considerations and resolution under the German Sanierungs und
Abwicklungsgesetz (SAG), if BayernLB fails. Fitch's assessment
of the creditworthiness of Bavaria is underpinned by the
stability of Germany's solidarity and financial equalization
system, which links Bavaria's creditworthiness to that of Germany
(AAA/Stable). The support ability of SFG, as expressed by its
'A+' IDR, while very strong, is weaker than that of Bavaria.
Fitch uses the lower of the parents' ratings, the Long-Term IDR
of SFG, as anchor and starting point for determining BayernLB'
support-driven ratings.
Fitch notched down BayernLB's Long-Term IDR twice from SFG's
'A+'. Fitch said, "The notching reflects BayernLB's role for its
owners, which we consider strategic, but not key and integral, as
well as uncertainties over potential legal and regulatory
barriers related to state aid considerations and provisions of
German resolution legislation."
The Stable Outlook reflects stable support assumptions and the
Stable Outlook on SFG's Long-Term IDR.
The ratings of senior unsecured obligations are in line with
BayernLB's IDRs. BayernLB's 'F1' Short-Term IDR is at the higher
of the two Short-Term IDRs that map to an 'A-' Long-Term IDR on
Fitch's rating scale. This reflects BayernLB's strong links to
the affiliated savings banks, which have ample liquidity and
funding resources.
VR
The upgrade of BayernLB's VR is primarily driven by Fitch's
expectation that the resolution of further legacy issues,
primarily the resolution of claims against HETA, will give
management additional flexibility to conclude its restructuring
and should result in a better balanced business profile of
BayernLB with a clear focus on its client-driven core business
areas. At the same time, the bank is now in a good position to
repay outstanding state aid to Bavaria.
In July 2015, Bavaria and the Republic of Austria reached an
agreement that resulted in a compensation payment of EUR1.23 bil.
to Bavaria to resolve claims related to HETA. This has enabled
BayernLB to balance this amount against its outstanding
obligation to repay EUR2.3 bil. of capital received from Bavaria
before the 2019 deadline ending EU state aid proceedings,
yielding a final balance of EUR1 bil.
Asset quality in BayernLB's corporate portfolio is robust with
low NPLs, and has continued to improve. The quality in the
bank's non-core unit remains significantly weaker and affected
the overall NPL ratio of 4.5% of gross loans at end-2015.
BayernLB -- in common with its peers -- also has sector and
single borrower concentration risks in its loan book.
BayernLB's financial performance improved with a reported pre-tax
profit of EUR640m in 2015 (EUR91m at end-1Q16). Fitch expects
adequate and consistent performance in 2016, supporting the
bank's moderate profitability despite our expectation of a modest
rise in loan impairment charges from their cyclically low levels
in 2015.
BayernLB's capitalization and leverage have improved to adequate
levels. The bank reported a 11.7% fully-loaded CET-1 ratio and a
3.9% phase-in Basel III leverage ratio at end-1Q16. Fitch
expects that further reductions in risk weighted assets (RWAs) in
the bank's non-core unit will mitigate upward pressure on RWAs
from regulatory changes.
The bank's funding is diversified and includes material wholesale
funding but benefits from access to the liquidity pool of savings
banks and retail deposit at DKB, its internet bank subsidiary.
STATE-GUARANTEED/GRANDFATHERED SENIOR, SUBORDINATED AND MARKET
LINKED SECURITIES
The 'AAA' ratings of BayernLB state-guaranteed/grandfathered
senior, subordinated debt and market-linked securities reflect
the credit strength of Bavaria as guarantor.
SUBORDINATED DEBT AND OTHER HYBRID SECURITIES
BayernLB's subordinated debt instruments are notched down once
from the VR to reflect loss severity relative to average
recoveries.
The upgrade of the securities issued by BayernLB Capital Trust I
to 'BB-' is based on Fitch's view that these instruments are now
performing. The ratings for these instruments are notched down
four times from the bank's VR, two notches for loss severity
relative to average recoveries and two notches for incremental
non-performance risk.
Restrictions set by the European Commission are still in place.
These allow only for contractually obligatory coupon payments on
hybrid securities until the bank's state aid has been repaid.
The terms of the securities require the bank to make coupon
payments if certain other distributions have been made, and
coupon on the securities was paid in 2015.
BayernLB used part of its EUR402 mil. 2015 German GAAP
unconsolidated profit to replenish other outstanding hybrid
instruments, which together with our expectation that the bank's
improved profitability makes common dividend payments more
likely, improves the prospects for coupon payments on the rated
instruments.
RATING SENSITIVITIES
IDRS, SR AND SENIOR DEBT
The IDRs, SRs and senior unsecured debt ratings are sensitive to
changes in assumptions around the propensity or ability of
BayernLB's owners to provide timely support. This may be
indicated by a change to SFG's IDRs. The IDRs are also sensitive
to changes to its owners' strategic commitment to BayernLB and
importance of BayernLB for its home region or for the savings
bank sector.
A change to Fitch's assessment of the risks of triggering a
resolution process ahead of support for a Landesbank could also
affect the SRs, IDRs and senior unsecured debt ratings.
VR
BayernLB's VR is primarily sensitive to a change in Fitch's
assumptions regarding the strength of the economic environment in
Germany, which is a main driver of BayernLB's business
performance. The VR could see upward pressure if BayernLB's
capitalization strengthens and if profitability improves further,
which we do not expect in the short-term.
The VR would come under pressure if deterioration in the economy
leads to weaker corporate asset quality and significantly higher
loan impairment charges that affect the bank's earnings capacity.
STATE-GUARANTEED/GRANDFATHERED SENIOR, SUBORDINATED AND MARKET
LINKED SECURITIES
BayernLB's state-guaranteed/grandfathered senior and subordinated
debt ratings and market-linked securities are sensitive to
changes in Fitch's view of the creditworthiness of Bavaria, which
is closely linked to that of the Federal Republic of Germany.
SUBORDINATED DEBT AND OTHER HYBRID SECURITIES
BayernLB's subordinated debt and other hybrid instruments ratings
are primarily sensitive to changes in the bank's VR. The rating
of the securities issued by BayernLB Capital Trust I is also
sensitive to changes in their notching, which could arise if
Fitch concludes that incremental non-performance risk had
increased. This could be the result of a substantial weakening of
the bank's performance, which could increase the risk of coupon
non-payment.
The rating actions are:
Bayerische Landesbank
Long-Term IDR: affirmed at 'A-'; Outlook Stable
Short-Term IDR: affirmed at 'F1'.
Support Rating: affirmed at '1'
Viability Rating: upgraded to 'bbb' from 'bb+'
Long- and Short-term senior debt, including programme ratings:
affirmed at 'A-'/'F1'
Commercial paper: affirmed at 'F1'
State-guaranteed/grandfathered senior and subordinated debt:
affirmed at 'AAA'
State-guaranteed/grandfathered market-linked securities:
affirmed at 'AAAemr'
Senior market-linked securities: affirmed at 'A-emr'
Subordinated debt: upgraded to 'BBB-' from 'BB'
BayernLB Capital Trust I
Hybrid capital instruments: upgraded to 'BB-' from 'CCC'
=========
I T A L Y
=========
ASTALDI SPA: S&P Cuts Long-Term Corporate Credit Rating to B
------------------------------------------------------------
S&P Global Ratings said it has lowered its long-term corporate
credit rating on incorporated civil engineering and construction
company Astaldi SpA to 'B' from 'B+'.
At the same time, S&P lowered its issue rating on Astaldi's
EUR750 million senior unsecured notes to 'B' in line with the
long-term corporate credit rating. The recovery rating on this
debt remains unchanged at '4'.
S&P placed the corporate credit and issue ratings on CreditWatch
with negative implications.
The downgrade of Astaldi reflects that at the end of 2015, the
company's leverage increased due to higher-than-planned
investment into concessions and S&P's adjusted debt-to-EBITDA
ratio exceeded 5.5x (compared with S&P's previous expectation of
less than 5x). S&P forecasts that the group's leverage will
remain high over the next three years and no longer view its
relative financial risk profile as being at the stronger end of
the range when compared with peers.
Astaldi's liquidity position has also weakened and S&P now views
it as less than adequate. This assessment is based on the fact
that the ratio of liquidity sources to uses is now less than 1.2x
and headroom under financial covenants remains very limited. S&P
placed the ratings on CreditWatch with negative implications
because S&P sees a risk that the company may be unable to meet
its financial covenants at the next testing in June 2016.
Astaldi is continuing to dispose of several of its concession
assets, albeit at a slower pace than initially planned. On
May 10, 2016, the company signed the sale of its shares in A4
Holding -- which operates motorway concessions in the northeast
of Italy -- to the Spanish conglomerate Abertis Infrastructuras
S.A. The company expects to receive a cash-in of about EUR110
million in mid-2016. In line with its updated business plan, in
place until 2020, Astaldi will continue with several more
disposals in the second half of 2016 and in 2017-2018, and will
use the proceeds to reduce debt. However, given that the exact
timing and the amount of these transactions remain unclear, S&P
currently do not include any of the sales, apart from the A4
Holding, into S&P's base-case scenario. In S&P's view, over the
next two-to-three years, Astaldi's leverage metrics will
gradually improve, but its financial risk profile will remain
highly leveraged and commensurate with a 'B' rating.
The ratings continue to reflect Astaldi's moderately high
business risks, which S&P sees as inherent in the cyclical
engineering and construction industry, the company's moderate
size by global standards, and its exposure to moderately high
country risks in emerging markets, especially given increasing
presence outside of Italy. Moreover, the company is exposed to
operating and contract risks and potential execution issues
stemming from large projects within its portfolio, as well as
from a relatively high proportion of fixed-price contracts in its
construction business which account for about half of total
contracts.
Nevertheless, S&P's view of Astaldi's business risk profile is
supported by its solid market positions in the transportation
infrastructure industry, good visibility on revenues thanks to a
sizable order backlog in execution (about EUR18 billion as of
Dec. 31, 2015), a track record of solid contract executions, and
relatively high profit margins for a construction company.
Astaldi continues to implement existing projects without major
delays or cost overruns, wins new contracts, and makes sizable
ongoing investments in working capital, capital expenditure
(capex), and concessions. In 2016-2018, S&P expects the core
construction business, which provides about 99% of the company's
revenues, to continue its steady growth on the back of a healthy
backlog.
S&P's base-case scenario assumes:
-- Revenues increasing by about 5% annually in 2016-2018, on
the back of the existing backlog and new order intake;
-- Adjusted EBITDA margin of about 10.5%-11.0%;
-- Modest outflows of working capital;
-- Capex and investments in concessions totaling about
EUR110 million-EUR140 million each year; and
-- Dividends of about EUR20 million per year.
Based on these assumptions, S&P arrives at these credit measures:
-- Breakeven free operating cash flow in 2016-2017;
-- Weighted-average funds from operations (FFO) to debt of
about 9.5%; and
-- Adjusted debt to EBITDA of about 5x.
The CreditWatch negative placement reflects S&P's view that
Astaldi's liquidity may become weak if the company fails to
restore headroom under its financial covenants before the next
testing in June 2016. If S&P assess the company's liquidity as
weak, S&P would lower the corporate credit rating. S&P plans to
resolve the CreditWatch over the next two months, once S&P has a
clear view of the company's covenant headroom.
MANUTENCOOP FACILITY: S&P Affirms B- CCR; Outlook Negative
----------------------------------------------------------
S&P Global Ratings said that it affirmed its 'B-' long-term
corporate credit rating on Italy-based facility services provider
Manutencoop Facility Management SpA (MFM). S&P removed all of
its ratings on MFM from CreditWatch, where they were placed with
negative implications Feb. 12, 2016. The outlook is negative.
S&P also affirmed its 'B-' issue level rating, with a '3'
recovery rating, on MFM's EUR425 million senior secured notes
(outstanding nominal value of EUR300 million). The recovery
rating incorporates S&P's expectation of meaningful recovery in
the lower half of the 50%-70% range in the event of a default.
There is continuing uncertainty for MFM regarding the payment of
a EUR48.5 million fine to the Italian Competition Authority
(ICA), as the Italian Administrative Regional Tribunal (TAR) has
yet to rule whether MFM infringed competition rules in the tender
for school building cleaning contracts. Nevertheless, the
affirmation reflects S&P's view that the group has seen some
favorable developments since we placed the ratings on CreditWatch
negative on Feb. 12, 2016.
These are the key developments:
-- The group reported higher cash balances than S&P expected
at year-end 2015 (EUR114 million compared with S&P's
forecast of EUR70 million-EUR80 million).
-- MFM signed an additional three-year factoring facility that
can be drawn up to EUR100 million per year.
-- S&P understands that MFM continues to participate in
contracts tendered by Consip SpA other than school cleaning
contracts. MFM believes there will be no restriction in
its ability to tender for other contracts irrespective of
the decision by the appellate court regarding the Consip
school cleaning contract. Consip SpA procures services for
government and public bodies and represents about 70% of
MFM's contract pipeline.
-- Consip has also put on hold the process it had initiated to
cancel MFM's school cleaning contract until the TAR has
made its ruling.
-- In addition, Telecom Italia has reinstated its contract
with MFM following MFM's recent management changes. The
contract generates annual revenue of about EUR25 million.
In light of these developments, S&P believes that any impact from
a potentially adverse ruling by the TAR on MFM's liquidity will
be felt over the next 12 months rather than 90 days.
S&P understands that TAR will hold a public hearing on July 6,
2016, to make a judgment regarding the merits of the case and the
possible suspension of the fine until the case is fully resolved.
S&P's assessment of the group's business risk profile is
supported by its leading position in Italian facility management
services and contract backlog of about EUR2.8 billion. The
assessment is constrained by MFM's geographical concentration to
Italy, the very competitive nature of the facility management
segment, and the reputational impact of the recent legal
proceedings against the group.
In S&P's base case, it assumes:
-- Italy's GDP will increase by 1.1% in 2016;
-- MFM's forecast revenue will decline by 2%-5% over 2016 due
to competitive pricing, potential contract cancellations,
and the company winning fewer new contracts;
-- Forecast reported EBITDA could decline to about
EUR80 million-EUR85 million (after deducting EUR5 million
provision for risks and non-recurring expenses). S&P
understands that management's forecast for revenue and
EBITDA are somewhat higher than S&P's base case.
-- MFM will pay a EUR48.5 million fine. This assumption,
which S&P has included in its base case and its liquidity
assessments, is in line with MFM's accounting, but S&P
recognizes that there is significant uncertainty attached
to the fine payment.
Based on these assumptions, S&P arrives at this credit measures:
-- Adjusted ratio of debt to EBITDA of about 5.7x-6.0x for
2016.
At this juncture, S&P continues to consider that MFM's capital
structure is sustainable.
S&P currently assess MFM's liquidity as less than adequate. S&P
calculates that the group's sources of liquidity will exceed its
uses by more than 1x, but less than 1.2x.
Principal liquidity sources over the next 12 months include:
-- Available cash balance of about EUR114 million as of
Dec. 31, 2015;
-- Committed revolving facility of about EUR4 million;
-- Forecast unadjusted funds from operations of about
EUR40 million-EUR45 million; and
-- Working capital inflows of about EUR10 million.
Principal liquidity uses over the next 12 months include:
-- Expected debt repayments of about EUR48 million, including
mostly short-term uncommitted facilities;
-- Estimated annual capital expenditures of about
EUR25 million-EUR30 million;
-- Payment of the ICA fine of EUR48.5 million;
-- Seasonal working capital swings of about EUR35 million; and
-- Estimated EUR10 million payments relating to restructuring.
While S&P does not quantitatively include the group's new
factoring facility in S&P's liquidity analysis, it recognizes
that this new facility does provide some additional flexibility.
S&P does not currently include any payment toward EUR24.5 million
performance bonds in S&P's liquidity assessment.
The negative outlook reflects S&P's view that a potential adverse
ruling by the appellate courts could put pressure on the group's
liquidity position over the next 12 months. It also reflects
S&P's concerns that recent negative press about potential
contract cancellation could materially damage MFM's reputation
and impair the company's operating environment.
S&P could lower the rating if it was to assess the group's
capital structure or business model as unsustainable. S&P could
assess the group's capital structure as unsustainable if there
are material liquidity needs (for example, the EUR48.5 million
fine and EUR24.5 million performance bonds) without additional
long-term funding arrangements being in place.
S&P could revise the outlook to stable if MFM is able to put in
place additional new committed long-term funding plans to meet
any potential payment of fines and performance bonds. S&P could
raise the rating if there is a favorable decision from the
appellate courts that reverses ICA's decision, and the group's
revenue and EBITDA margins stabilize.
PRIVILEGE YARD: May 27 Bid Submission Deadline Set for Assets
-------------------------------------------------------------
COURT OF CIVITAVECCHIA
BANKRUPTCY NO. 19/2015 PRIVILEGE YARD S.P.A.
Bankruptcy Judge Giuseppe Bianchi
SUMMARY NOTICE OF SALE
Announcement by Official Receiver Avv. Daniela De Rosa:
By order dated April 19, 2016, pursuant to art. 104 ter, par. 8,
of the Bankruptcy Law, the Bankruptcy Judge authorizes the sale,
through a transparent and competitive procedure and in a single
lot, of the shipbuilding complex situated in Civitavecchia (RM),
specifically in the La Mattonara -- Port Area, considering
its tangible and intangible elements, namely:
-- Luxury ship (the "Privilege One P430") holding under 36
passengers under construction, with steel hull, listed under no.
2/2008 in the Registry of Ships under Construction at the Port of
Civitavecchia, length overall approximately 125.30 m, breadth
18.32 m, moulded depth 7.50 m, TSL (provisional gross tonnage)
approximately 7500 GT, as explained in the appraisal drawn up by
Prof. Ing. Dario Boote;
-- Industrial site built on a State-owned area, Merchant Navy
Section, under the Concession dated November 29, 2007, ref. no.
3315 and ensuing addenda dated July 29, 2009, ref. no. 3540, and
dated January 5, 2011, ref. no. 3784, on a total surface of
102,200 sq.m, occupied by no. 11 buildings and no. 3 electrical
substations, all registered under Category D/7, as explained in
the appraisal drawn up by Arch. Claudia Ferreri;
-- A 1,130 kWp photovoltaic system installed on almost all of
the rooftops of the buildings, covering a surface of 24,500 sq.m,
as explained in the appraisal drawn up by Arch. Claudia Ferreri;
-- Movable property, excluding property on board the ship,
relating to the property under the leases, as well as to claims
and/or restitution, as referred to in the appraisal drawn up by
Ing. Bruno Del Pico.
The sale is subject to prior consent to subrogation by the Port
Authority of Civitavecchia, Fiumicino and Gaeta, pursuant to art.
46 of the Navigation Code, to art. 30 of the Navigation Code
Rules, and to art. 18 of the Regulations of the Public Sea Areas
of the ports of Civitavecchia, Fiumicino and Gaeta.
The estimated value of the entire lot is EUR95,000,000 in
addition to charges, if any.
Bids lower than 70% of the estimated value are considered null.
Bids shall be submitted, under penalty of exclusion, as set out
in the tender specifications made available by entering the
bankruptcy data room, by 6:00 p.m. on the day before the tender,
scheduled at 4:00 p.m. on May 27, 2016 at the office of the
delegated notary Andrea Panno, in via Tagliamento no. 14, Rome.
The notice of sale and the tender specifications, in full, as
well as all of the documents relating to the sale, including the
appraisals, are made available by entering the procedure data
room, prior to application for the issue of the relating
credentials, to be e-mailed to fallimentopy@gmail.com and payment
of the sum of EUR200 to be made on the current account of the
bankruptcy, as indicated in the email reply.
For further information, one may contact Tel. No. +39-06-37-20-
146
===================
K A Z A K H S T A N
===================
KAZAGROFINANCE: Fitch Lowers IDR to BB+; Outlook Stable
-------------------------------------------------------
Fitch Ratings has downgraded Development Bank of Kazakhstan's
(DBK) Long-Term Foreign and Local Currency Issuer Default Ratings
(IDRs) to 'BBB-' from 'BBB' and 'BBB+', respectively, and House
Construction and Savings Bank of Kazakhstan's (HSCBK) Long-Term
Local Currency IDR to 'BBB-' from 'BBB+'. The agency has also
downgraded the Long-Term IDRs of KazAgroFinance (KAF) to 'BB+'
from 'BBB-'. The Outlooks are Stable.
The downgrades of these institutions are driven by Fitch's recent
actions on Kazakhstan's sovereign ratings.
Fitch has assigned KAF's planned KZT77 bil. Series 1 senior
unsecured debt issue under its second bond program an expected
Long-term rating of 'BB+(EXP)' and National rating of
'AA(kaz)(EXP)'.
KEY RATING DRIVERS - DBK and HCSBK
The Long-Term IDRs of DBK and HCSBK are based on their 'BBB-'
Support Rating Floors (SRF), which reflect Fitch's view of the
high probability of state support, if needed, for both
institutions. This view is primarily based on (i) the banks'
100% ultimate sovereign ownership and (ii) their important policy
roles in the development of, respectively, non-extracting
economic sectors and the house savings and mortgage system in
Kazakhstan.
In assessing support, Fitch also views positively (i) the
moderate cost of any support that might be required by each of
the institutions relative to sovereign financial resources, even
allowing for considerable future growth; (ii) potential adverse
economic or social consequences of a failure by the authorities
to provide support, including in respect to other quasi-sovereign
entities' access to, and cost of, foreign capital; and (iii) a
track record of state funding and equity injections to support
the banks' expansion to date.
The one-notch differential between the banks' 'BBB-' Long-Term
IDRs and the sovereign's 'BBB' ratings reflects primarily (i)
moderate risks stemming from indirect state ownership of DBK and
HCSBK through JSC National Management Holding Baiterek
('BBB'/Stable); and (ii) loose government supervision of both
banks. Baiterek's own financial resources are limited, giving
rise to moderate risk of delays with receipt and pass-through of
sovereign support. No government officials sit on the banks'
boards of directors, and DBK is exempt from regulatory oversight
by the National Bank of Kazakhstan.
The one-notch differential also captures (i) significant leverage
at DBK, which is funded mainly by external borrowings; (ii) the
absence of a special legal status for HCSBK; and (iii) the
moderate risk that the sovereign could cease providing full
support to all quasi-sovereign entities before defaulting on its
own obligations in a stress scenario, given the sizable debt of
Kazakh quasi-sovereigns.
The probability of DBK requiring support is significant in light
of its material, albeit recently stable, wholesale third-party
debt (USD4.3 bil. or 85% of liabilities at end-2015), moderate
capital buffer (15% Fitch Core Capital (FCC)/risk-weighted assets
(RWAs) ratio at end-2015, moderately down from 19% at end-2014)
and significant foreign-currency loans (70% of gross loans at
end-2015) predominantly to high-risk development projects.
Nevertheless, the Kazakh government still has the ability, in
Fitch's view, to support DBK given that the bank's third-party
wholesale obligations at end-2015 were equal to a moderate 3.8%
of Kazakhstan's GDP or 5% of sovereign reserves.
HCSBK is less likely, in Fitch's view, to need support in the
medium term in light of its solid loan quality (0.5% non-
performing loan ratio at end-1Q16) and strong capital buffer (55%
FCC ratio at end-2015). The bank's small size (USD1.4 bil. equal
to 0.3% of GDP or 0.4% of sovereign reserves at end-2015),
limited third-party non-deposit liabilities and low balance-sheet
dollarization should also help to reduce support requirements.
However, Fitch expects the bank's reliance on state funding (17%
of total liabilities at end-2015) and subsidies to grow over the
longer term as early-stage mortgage savings programs mature.
Fitch believes the authorities' plans to partially privatize
HCSBK will not significantly affect the state's support
propensity, given the intention to retain a controlling stake in
the bank and maintain its policy role. Fitch has not assigned a
Long-Term Foreign Currency IDR to HCSBK due to its immaterial
foreign currency operations.
KEY RATING DRIVERS - KAF
KAF's 'BB+' Long-Term IDRs are based on Fitch's view of the
moderate probability of state support to the company given its
policy role in provision of state-subsidized financial leasing
and project financing to the agricultural sector.
KAF's ratings are also supported by (i) the authorities' track
record of providing funding and capital to the company; (ii) the
limited cost for the sovereign of any support that might be
required due to KAF's small size (0.7% of GDP, 0.9% of sovereign
reserves at end-2015); and (iii) cross-default linkage with its
owner, KazAgro National management holding JSC ('BBB-'/Negative).
At end-2015, KAF firmly qualified as a 'material subsidiary' (25%
of consolidated assets vs. the required 10%) under the cross-
default clause of the parent's outstanding USD2bn Eurobond issue,
and Fitch believes this would provide an added incentive to
provide support to the company.
KAF's lower rating level compared with DBK and HCSBK primarily
reflects (i) Fitch's view of KAF's somewhat lesser importance for
the country's economy and financial system; and (ii) the
likelihood that parent KazAgro will be downgraded to 'BB+', as
reflected by the Negative Outlook on its ratings.
KAF's ratings also consider (i) the company's significant foreign
wholesale obligations (16% of total liabilities at end-2015); and
(ii) the indirect state ownership of the company through KazAgro,
which may have negative implications for the timeliness and
sufficiency of state support, especially if the state needs to
prioritize support among quasi-sovereigns.
The probability of the company requiring state support in the
future is significant considering its operations in the
vulnerable agricultural sector. Non-performing and restructured
loans/leases comprised a high 11% and 15% of gross exposures at
end-2015, respectively, although asset quality is supported to a
degree by low foreign-currency lending, solid collateral coverage
and state subsidies to borrowers/lessees. Impairment reserves
covered 9% of gross exposures, while the depreciation-driven
revaluation of imported and subsequently leased equipment has
further boosted collateral coverage of KAF's portfolio.
The company's capitalization remains adequate (37% FCC ratio at
end-2015, down moderately from 44% at end-2014, mainly due to FX
losses), providing significant loss absorption capacity. KAF's
government and parental non-equity funding comprised a sizable
74% of liabilities at end-2015, and could be converted into
equity, if needed.
RATING SENSITIVITIES
The Long-Term IDRs for DBK and HCSBK are likely to remain one
notch below the sovereign and for KAF two notches below. The
Long-Term IDRs of all three institutions are likely to move in
tandem with the sovereign ratings.
The ratings of DBK or HCSBK could be upgraded and equalized with
the sovereign if (i) the banks become directly owned by the
government and the state officials become more directly involved
in the oversight of the institutions; or (ii) the government
replaces or guarantees most of the banks' funding. A marked
weakening of policy roles or association with the sovereign could
result in negative rating actions. However, neither scenario is
currently expected by Fitch.
DBK's ratings could also come under downward pressure if leverage
increases markedly and asset quality deteriorates sharply without
adequate capital support from the authorities.
KAF's Long-Term IDRs could be downgraded if the authorities' plan
to privatize the company, the implementation of which is highly
uncertain at present, leads to a weakening of KAF's connection
with the Kazakh government.
The rating actions are:
DBK
Long-Term Local Currency IDR: downgraded to 'BBB-' from 'BBB+';
Outlook Stable
Short-Term Local Currency IDR: downgraded to 'F3' from 'F2'
Long-Term Foreign Currency IDR: downgraded to 'BBB-' from
'BBB';
Outlook Stable
Short-Term Foreign Currency IDR: affirmed at 'F3'
Support Rating: affirmed at '2'
Support Rating Floor: revised to 'BBB-' from 'BBB'
Long term senior unsecured debt rating: downgraded to 'BBB-'
from 'BBB'
Short term senior unsecured debt rating: affirmed at 'F3'
HCSBK
Long-Term Local Currency IDR: downgraded to 'BBB-' from 'BBB+';
Outlook Stable
Short-Term Local Currency IDR: downgraded to 'F3' from 'F2'
National Long-term Rating: downgraded to 'AA+(kaz)' from
'AAA(kaz)'; Outlook Stable
Support Rating: affirmed at '2'
Support Rating Floor: revised to 'BBB-' from 'BBB+'
KAF
Long-Term Foreign and Local Currency IDRs: downgraded to 'BB+'
from 'BBB-'; Outlook Stable
Short-Term Foreign Currency IDR: downgraded to 'B' from 'F3'
National Long-term rating: affirmed at 'AA(kaz)'; Outlook
Stable
Support Rating: downgraded to '3' from '2'
Support Rating Floor: revised to 'BB+' from 'BBB-'
Senior unsecured debt rating: downgraded to 'BB+' from 'BBB-'
National senior unsecured debt rating: affirmed at 'AA(kaz)'
Expected senior unsecured debt ratings: assigned at
'BB+(EXP)'/'AA(kaz)(EXP)'
===================
L U X E M B O U R G
===================
FAGE INTERNATIONAL: S&P Raises LT CCR to B+; Outlook Stable
-----------------------------------------------------------
S&P Global Ratings said that it raised its long-term corporate
credit rating on Luxembourg-incorporated yogurt producer FAGE
International S.A. to 'B+' from 'B'. The outlook is stable.
At the same time, S&P revised its recovery rating on Fage's
$400 million senior unsecured notes to '3' from '4' and raised
the issue rating on the notes to 'B+' from 'B'.
The upgrade reflects Fage's strong operating performance in 2015
and S&P's view that the company's EBITDA and cash flow generation
will continue to improve in coming years, resulting in stronger
credit metrics.
S&P continues to assess Fage's business risk profile as weak and
its financial risk profile as aggressive, resulting in an anchor
of 'b+'. However, S&P no longer subtract one notch under its
negative comparative rating analysis, because S&P no longer
assess Fage's financial risk profile at the weaker end of
aggressive.
In S&P's opinion, Fage remains a relatively small food processing
company, focusing mainly on yogurt and other dairy products in
the U.S. and Western Europe. In this respect, the company
competes with much larger peers such as Danone and General Mills,
who not only have a broader product portfolio and wider spread of
sales geographically, but, in S&P's view, also have a stronger
financial capacity to fund marketing campaigns and promotion
initiatives. S&P also takes into account Fage's exposure to milk
as its main commodity, and factor in the volatility of the price
of milk and the impact this could have on revenues and EBITDA.
These weaknesses are mitigated by Fage's steadily increasing
EBITDA and stronger profitability. The company's revenues
declined by 3% in 2015 to $648 million, mainly due to a foreign
exchange impact, but EBITDA rose by more than 50% to $153
million, resulting in a substantial strengthening of Fage's
profitability. The S&P Global Ratings-adjusted EBITDA margin was
close to 24% in 2015, compared with less than 15% in 2014.
The improvement in EBITDA comes mainly from the U.S. where Fage
has invested in manufacturing capacity to support increasing
demand for Greek yogurt. Margins are also strengthening in
Europe (outside Greece), where Fage has expanded significantly
over the last two years. The U.S. generated close to 65% of
Fage's revenues in 2015 (up from 60% in 2014), while 17% of the
yogurt and other dairy products produced in Greece are sold
domestically and the remaining 18% in the rest of Europe, mainly
the U.K. and Italy (15% in 2014). Market conditions in Greece
remain difficult, however, but S&P thinks that Fage's decision to
exit the milk business will result in better profitability.
When assessing Fage's financial risk profile, S&P considers that
the group's adjusted debt to EBITDA strengthened to just less
than 3.0x in 2015, from 4.4x in 2014, and that the EBITDA
interest coverage increased to 3.5x from 2.3x. The improvement
is largely due to higher EBITDA, with the group's debt mainly
comprising $400 million 9.875% notes due in 2020.
Additionally, S&P takes into account Fage's free operating cash
flow (FOCF) generation, which was positive in 2015. However,
given that the U.S. expansion project is yet to be completed, and
that several references were made in Fage's annual report
regarding plans for additional investments in the U.S. and
internationally, S&P thinks that capital expenditure (capex)
spend could continue to put pressure on the group's FOCF
generation.
In its base case, S&P assumes:
-- GDP growth of 1.5% in the eurozone and 2.3% in the U.S. in
2016.
-- Revenue decline in Greece in 2016, mainly due to the exit
from the Greek milk business, although more than offset by
growth in the rest of Europe and in the U.S. Solid
profitability, with Fage's adjusted EBITDA margin exceeding
20%. Capex in line with investment levels in 2015, given
final steps in capacity expansion in the U.S.
-- Dividend payment in line with 2015.
Based on these assumptions, S&P arrives at these credit measures:
-- Adjusted debt to EBITDA of around 2.8x-3.2x, compared with
2.8x in 2015. EBITDA interest coverage of 3.5x-4.0x,
compared with 3.5x in 2015. FOCF to debt of 8%-12%,
compared with 12% in 2015.
The stable outlook reflects S&P's view that Fage's continuous
investments in production facilities and distribution could
prevent stronger cash flow generation. In S&P's opinion, Fage's
adjusted debt-to-EBITDA and EBITDA interest cover ratios are
likely to remain solid at around 3.0x and more than 3.5x,
respectively, in 2016. S&P also thinks that FOCF will decline in
2016 from about $50 million reported in 2015, given the ongoing
investment program in the U.S. and the group's strategy to
continue to expand production capacity.
S&P could raise the ratings on Fage if the group's operating
performance continues to improve, and profitability remained
strong, providing for sustainable solid positive free cash flow
generation. S&P considers sustainable FOCF comfortably exceeding
$50 million as commensurate with a higher rating, as well as
adjusted debt to EBITDA of 3x-4x, and EBITDA interest coverage of
3x-6x, all else being equal.
Negative pressure on the rating could stem from a weakness in
Fage's operating performance if the company was unable to
mitigate the impact from volatile milk prices. In particular,
S&P would likely lower the rating if adjusted debt to EBITDA
increased to more than 4.5x, and EBITDA interest coverage
declined to less than 2.5x, while FOCF was less than $30 million,
all else being equal.
INTELSAT SA: S&P Lowers Corporate Credit Rating to 'SD'
-------------------------------------------------------
S&P Global Ratings said that it lowered its corporate credit
rating on Intelsat S.A. to 'SD' (selective default) from 'CCC'.
S&P also lowered its issue-level rating on the company's
operating subsidiary Intelsat Jackson Holdings S.A.'s 6.625%
senior notes due 2022 to 'D' from 'CC' to reflect the distressed
restructuring that S&P views as tantamount to a default. S&P
expects that the issue-level rating on this debt will remain at
'D', given that this debt will be subject to further subpar
repurchases under the company's recently announced tender offer.
S&P is also revising its recovery rating to '4' from '6', given
the announced guarantee. The '4' recovery rating reflects S&P's
expectation for average (30%-50%; upper half of the range)
recovery of principal for the noteholders in the event of a
payment default.
In addition, S&P is revising its recovery rating on the company's
guaranteed debt at Intelsat Jackson to '4' from '3'. The '4'
recovery rating reflects S&P's expectation for average (30%-50%;
upper half of the range) recovery of principal for the
noteholders in the event of a payment default. The revised
recovery rating reflects an increase in guaranteed debt following
the company's grant of a guarantee to the 6.625% senior notes due
2022 at Intelsat Jackson. The issue-level rating on the
guaranteed debt remains unchanged at 'CCC'.
S&P also lowered its issue-level ratings on Intelsat Jackson's
5.5% senior notes due 2023 and 7.5% senior notes due 2021 to 'CC'
from 'CCC'. This debt is subject to the company's recently
announced tender offer (conditional upon a capital raise) and
therefore a portion of this debt would likely be repurchased at a
significant discount to par. If and when the tender of this debt
is completed, S&P would temporarily lower the issue-level ratings
on the debt to 'D'.
"The downgrade reflects our conclusion that Intelsat's debt
repurchase is equivalent to a distressed restructuring and
tantamount to a default," said S&P Global credit analyst Michael
Altberg. "The company repurchased approximately $400 million in
face value of Intelsat Jackson 2022 notes in a private secondary
market transaction, and approximately $60 million through open
market purchases." S&P views the secondary market repurchase as
akin to a distressed restructuring, as opposed to opportunistic,
for the following reasons: the price at which Intelsat
repurchased the debt was well below par; the company's adjusted
debt leverage is steep, at 8.2x as of March 31, 2016, and S&P
expects that leverage could increase above 9x in 2016 prior to
the subpar debt repayments; the company is experiencing negative
free operating cash flow that we expect to continue through at
least 2017; and absent the company's current and future subpar
debt repayments, S&P does not believe the existing capital
structure is sustainable.
Although S&P views the company's recently completed and future
subpar debt repayments as tantamount to a default, the
transactions will ultimately benefit the company's debt maturity
profile and credit metrics. In addition, S&P anticipates that
liquidity will remain adequate over the near term, with a portion
of proceeds from the company's $1.25 billion 8% senior secured
notes remaining on the balance sheet.
S&P plans to raise the corporate credit rating from 'SD' as soon
as possible, most likely after the tender offer is complete, to a
level that will reflect the ongoing risk of a conventional
default or future potential distressed restructurings.
=========
M A L T A
=========
OW BUNKER: Obtains Favorable Ruling in PST Energy Fuel Dispute
--------------------------------------------------------------
Roslan Khasawneh at Reuters reports that the UK Supreme Court
ruled in favor of OW Bunker Malta in a dispute over payment
liabilities, potentially leaving buyers around the world liable
to pay for the same fuel twice.
"The Supreme Court unanimously dismisses the appeal by the
Owners, PST Energy," Reuters quotes the Court as saying on
May 11.
PST Energy 7 Shipping LLC (PST Shipping) contracted with OW
Bunker to buy marine fuel, known as bunkers, in 2014, Reuters
recounts. OW Bunker then subcontracted the deal to a Rosneft
Marine (UK) Ltd. subsidiary to physically deliver the fuel to
PST's vessel Res Cogitans, Reuters relays.
However, the fuel was delivered around the time that OW Bunker
went bankrupt and OW Bunker did not pay Rosneft nor did PST pay
OW Bunker, Reuters states.
According to Reuters, ING Bank, as the company responsible for
settling OW Bunker's debts, attempted to collect payment from PST
that was contractually owed. However, PST countered that it was
not liable to pay ING because the contract was a sale of goods
governed by the Sale of Goods Act of 1979, Reuters notes.
Following the November 2014 collapse of Denmark-based OW Bunkers,
the world's biggest bunker supplier at the time, this left
hundreds of ship owners liable to paying twice for the same
bunkers -- to ING as the assignee of OW Bunkers, under the
contractual agreement, and to the physical suppliers for the
actual bunker fuel, Reuters relates.
Earlier court decisions found that ING could collect payment,
setting up the Supreme Court decision on May 11, Reuters states.
OW Bunker Malta is a marine fuel supplier.
===================
M O N T E N E G R O
===================
MONTENEGRO: S&P Affirms B+/B Sovereign Ratings, Outlook Negative
----------------------------------------------------------------
S&P Global Ratings revised its outlook on Montenegro to negative
from stable. At the same time, S&P affirmed its 'B+/B' long- and
short-term foreign and local currency sovereign credit ratings on
Montenegro.
RATIONALE
The outlook revision reflects S&P's view of Montenegro's
constrained capacity to respond to domestic and external shocks,
given limited monetary and fiscal flexibility. Compared with
S&P's last review, it now anticipates much larger general
government fiscal deficits, leading to a higher increase in
government debt over the next four years. S&P estimates that
general government debt will increase annually, by 7.5% of GDP on
average, to just below 80% of GDP in 2019 from 63% of GDP in
2015. S&P expects that the majority of commercial debt will
continue to be held by non-residents.
Policy responsiveness is further constrained by Montenegro's use
of the euro, which it unilaterally adopted in 2002. Using a
currency issued by a foreign monetary authority prevents the
Central Bank of Montenegro from setting interest rates and
controlling the money supply, and restricts its ability to act as
a lender of last resort. It also makes the country's income
highly sensitive to cross-border capital movements.
S&P's previous forecasts on fiscal, external, and government debt
metrics already incorporate the construction of the first phase
of the Bar-Boljare highway, currently in progress. 85% of the
financing for this phase will be met through a $1.1 billion (25%
of GDP) loan from the Export-Import Bank of China (Chinese
Eximbank) and the remainder via market issuance. However, S&P
now expects slower consolidation of the fiscal deficit (excluding
the highway expenditure), and estimate that it will narrow to
2.5% of GDP in 2019 compared with an estimated 3.2% of GDP in
2015. S&P previously forecasts that the deficit excluding
highway expenditure would approach zero over this period. This
will keep the overall general government deficit above 7% on
average over 2016-2019. Since 2015, and ahead of the general
elections later this year, S&P noted a relaxation of the
country's fiscal stance, prominently through the lifting of a
freeze in public pensions, higher social allowances, and a
reduction of the so-called crisis tax--a surtax on monthly
incomes that exceed EUR720. All of these factors contributed to
the widening of the general government deficit to 8.1% of GDP in
2015 compared with S&P's earlier forecast of 6.7%.
Even after the first phase of the highway is completed, it is
unlikely that general government deficits will narrow quickly
because:
-- The other phases of the highway will need to be
constructed,
and S&P expects related costs will again flow through the
government's budget.
-- Potential cost overruns related to the highway's
construction, if they have to be borne by the state, could
increase the government's financing needs. Although the
contract with China Road and Bridge Corporation stipulates
a maximum cost overrun of 10% of the project's value (which
works out to about 2% of 2016 GDP), it remains unclear who
will bear such unexpected costs.
-- Interest expenses are also likely to be higher, increasing
to 9% of general government revenues from 6% in 2015,
reflecting Montenegro's rising debt and a higher effective
interest rate. A sharp depreciation of the euro against
the dollar, the currency in which Montenegro must service
its loan from the Chinese Eximbank and on which interest
payments started in July 2015, could raise interest costs
further. S&P understands that the government is currently
contemplating ways to hedge its exchange rate risk.
-- Poor oversight over the finances of lower tiers of
governments, which led to the build-up of arrears in the
past, could complicate efforts to consolidate public
finances.
S&P does not consider the bilateral loan from the Chinese
Eximbank to be commercial debt. However, by potentially
receiving preferential treatment, the liability could, in S&P's
opinion, weaken Montenegro's capacity to pay its stock of
commercial debt, which S&P estimates at about 60% of total
government debt.
Partly mitigating all these risks are policymakers' ongoing
efforts to improve tax compliance and formalize the grey economy,
which could boost revenue intake. Even so, such additional
revenues are unlikely to offset the material impact on public
finances from an adverse ruling in either of two outstanding
arbitration cases filed against the government. Both these cases
involve the Central European Aluminum Corp., the former owner of
aluminum producer KAP, and the total litigation amount is
EUR1 billion (25% of GDP). S&P notes that a court has recently
ruled in Montenegro's favor in a third case -- unrelated to the
two mentioned previously -- involving the Zeljezara steel mill;
the plaintiff had sought about EUR100 million (2.5% of GDP).
Montenegro's real GDP grew by 3.2% in 2015, supported by highway
construction activity and a successful tourism season. The
geopolitical concerns affecting other tourist destinations such
as Turkey, Egypt, and Tunisia, as well as the ongoing weakness in
energy prices, helped counter the adverse effects of higher
construction-related imports and a recession in Russia, the most
important source of visitors to Montenegro. Tourism receipts and
lower oil prices aided the slight narrowing of Montenegro's large
current account deficit to 13.4% of GDP in 2015 from 15.2% in
2014.
On average, S&P assumes Montenegro's economy will expand by just
over 3% per year through to 2019, helped by ongoing projects in
the tourism, infrastructure, and energy sectors. The high import
content of many of these projects is likely to push the current
account deficit back over 16% of GDP by 2017 as activity gains
momentum. Risks to S&P's growth forecast could materialize if
large investment projects were to stall or if the tourism sector
were hit by disruption in key markets such as Russia.
Furthermore, a long period of low oil prices might translate into
lower foreign direct investment (FDI) inflows, since substantial
FDI comes from oil-dependent countries such as Russia and the
United Arab Emirates. S&P also expects that the pace of credit
growth, particularly related to smaller corporate entities, is
likely to remain slow. Despite efforts to reduce the level of
nonperforming loans (NPLs) on banks' books, the NPL ratio remains
high and was 12.5% in December 2015.
"We view Montenegro's external finances as an important credit
weakness, with narrow net external debt estimated at over 180% of
current account receipts (CARs) in 2016, while liquidity, as
measured by gross external financing needs, is estimated at about
140% of CARs and usable reserves. Montenegro runs large,
persistent, and positive errors and omissions (10% of GDP in
2015), which may reflect unrecorded tourism export revenues and
the underestimation of remittances, among other factors. This
could mean that the current account deficit may be lower than the
reported data indicate. We also have very limited information on
Montenegro's external assets; therefore external ratios are
likely to indicate higher net leverage than is actually the
case," S&P said.
What's more, S&P notes that the large current account deficit is
probably tied closely to FDI-related projects. If such inflows,
particularly in the real estate and construction sectors, were to
fall, imports related to these projects would also likely
decrease and the current account deficit would narrow.
S&P believes the implementation of structural reforms, necessary
for Montenegro to achieve its objective of integration with the
EU and NATO (North Atlantic Treaty Organization), could have a
positive impact on the country's longer-term growth prospects,
particularly if integration is managed without significant
repercussions from major trading and investment partners, notably
Russia. In December 2015, NATO invited Montenegro to join the
alliance, and accession talks commenced in February this year.
OUTLOOK
The negative outlook reflects S&P's view of the likelihood of a
further deterioration in Montenegro's public finances if no
policy action is taken.
S&P could lower the ratings over the next 12 months if it sees
further erosion of Montenegro's policy flexibility, most likely
through widening fiscal deficits and rising general government
debt.
S&P could revise the outlook to stable if economic growth in
Montenegro picks up faster than S&P anticipates, while
contributing to consolidation of public finances and a reduction
in government and external debt.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision. After the primary analyst gave opening remarks and
explained the recommendation, the Committee discussed key rating
factors and critical issues in accordance with the relevant
criteria. Qualitative and quantitative risk factors were
considered and discussed, looking at track-record and forecasts.
The committee agreed that all key rating factors were unchanged.
The chair ensured every voting member was given the opportunity
to articulate his/her opinion. The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook. The weighting of
all rating factors is described in the methodology used in this
rating action.
RATINGS LIST
Rating
To From
Montenegro (Republic of)
Sovereign Credit Rating
Foreign and Local Currency B+/Neg./B B+/Stable/B
Transfer & Convertibility Assessment AAA AAA
Senior Unsecured
Local Currency B+ B+
=====================
N E T H E R L A N D S
=====================
ALME LOAN V: S&P Assigns Prelim. B- Rating to Class F Certs
-----------------------------------------------------------
S&P Global Ratings assigned its preliminary credit ratings to
ALME Loan Funding V B.V.'s floating- and fixed-rate class A, B-1,
B-2, C, D, E, and F notes. At closing, ALME Loan Funding V will
also issue unrated participating term certificates.
ALME Loan Funding V is a European cash flow collateralized loan
obligation (CLO), securitizing a portfolio of primarily senior
secured euro-denominated leveraged loans and bonds issued by
primarily European borrowers. Apollo Management International
LLP is the collateral manager.
Under the transaction documents, the rated notes will pay
quarterly interest unless there is a frequency switch event.
Following this, the notes will permanently switch to semiannual
payment. The portfolio's reinvestment period will end
approximately four years after closing.
S&P's preliminary ratings reflect its assessment of the
preliminary collateral portfolio's credit quality, which has a
weighted-average 'B+' rating. S&P considers that the portfolio
at closing will be well-diversified, primarily comprising broadly
syndicated speculative-grade senior secured term loans and senior
secured bonds. Therefore, S&P has conducted its credit and cash
flow analysis by applying its criteria for corporate cash flow
collateralized debt obligations.
In S&P's cash flow analysis, it used the EUR350 million target
par amount, the covenanted weighted-average spread (4.15%), the
covenanted weighted-average coupon (6.0%), and the covenanted
weighted-average recovery rates at each rating level. S&P
applied various cash flow stress scenarios, using four different
default patterns, in conjunction with different interest rate
stress scenarios for each liability rating category.
Elavon Financial Services Ltd. is the bank account provider and
custodian. At closing, S&P anticipates that the documented
downgrade remedies will be in line with its current counterparty
criteria.
Following the application of S&P's nonsovereign ratings criteria,
it considers that the transaction's exposure to country risk is
sufficiently mitigated at the assigned preliminary rating levels.
This is because the concentration of the pool comprising assets
in countries rated lower than 'A-' will be limited to 10% of the
aggregate collateral balance.
At closing, S&P considers that the issuer will be bankruptcy
remote, in accordance with its European legal criteria.
Following S&P's analysis of the credit, cash flow, counterparty,
operational, and legal risks, S&P believes its preliminary
ratings are commensurate with the available credit enhancement
for each class of notes.
RATINGS LIST
ALME Loan Funding V B.V.
EUR357.01 Million Senior Secured Floating- And Fixed-Rate Notes
And Participating Term Certificates
Class Prelim. Prelim.
rating amount
(mil. EUR)
A AAA (sf) 213.80
B-1 AA (sf) 31.17
B-2 AA (sf) 10.53
C A (sf) 18.80
D BBB (sf) 17.90
E BB (sf) 21.60
F B- (sf) 8.40
PTC NR 34.81
PTC--Participating Loan Certificates.
NR--Not rated.
EUROSAIL-NL 2007-1: S&P Lowers Rating on Class D Notes to B-
------------------------------------------------------------
S&P Global Ratings took various credit rating actions in
Eurosail-NL 2007-1 B.V. and Eurosail-NL 2007-2 B.V.
Specifically, S&P has:
-- Raised its ratings on Eurosail-NL 2007-1's class A, B, and
C notes, and
-- Eurosail-NL 2007-2's class A, M, and B notes;
-- Affirmed its ratings on Eurosail-NL 2007-1's class E1
notes, and
-- Eurosail-NL 2007-2's class C and D1 notes; and
-- Lowered its rating on Eurosail-NL 2007-1's class D notes.
Upon publishing S&P's updated criteria for Dutch residential
mortgage-backed securities (Dutch RMBS criteria), S&P placed
those ratings that could potentially be affected "under criteria
observation".
Following S&P's review of these transactions, its ratings that
could potentially be affected by the criteria are no longer under
criteria observation.
The rating actions follow S&P's credit and cash flow analysis of
the transactions and the application of its Dutch RMBS criteria.
In S&P's opinion, the current outlook for the Dutch residential
mortgage and real estate market is benign. The generally
favorable economic conditions support S&P's view that the
performance of Dutch RMBS collateral pools will remain stable in
2016. Given S&P's outlook on the Dutch economy, S&P considers
the base-case expected losses of 0.5% at the 'B' rating level for
an archetypical pool of Dutch mortgage loans, and the other
assumptions in our Dutch RMBS criteria, to be appropriate.
After applying S&P's Dutch RMBS criteria, its credit analysis
results show an increase in the weighted-average foreclosure
frequency (WAFF) for all rating levels in Eurosail-NL 2007-2 and
an increase in the 'AAA' rating level WAFF for Eurosail-NL 2007-
1, compared with those at our previous review. The weighted-
average loss severity (WALS) has increased for both transactions.
Eurosail-NL 2007-1
Rating WAFF WALS
level (%) (%)
AAA 38.29 46.13
AA 28.85 42.36
A 23.34 34.95
BBB 17.84 31.02
BB 12.30 28.26
B 10.45 25.69
Eurosail-NL 2007-2
Rating WAFF WALS
level (%) (%)
AAA 45.16 51.94
AA 33.97 48.54
A 27.10 41.85
BBB 19.78 38.05
BB 12.46 35.28
B 9.89 32.64
The increase in the WAFF at the 'AAA' rating level in Eurosail-NL
2007-1 is primarily due to the application of an originator
adjustment at the higher end of S&P's originator adjustment range
(0.7x to 1.3x) and the relatively higher base-case foreclosure
assumption applied at the 'AAA' rating level. However, this is
offset by the higher seasoning credit for performing loans
greater than six years that S&P applies under its Dutch RMBS
criteria for rating stresses at ratings below 'AA'.
Similar to Eurosail-NL 2007-1, the increase in the WAFF at all
rating levels in Eurosail-NL 2007-2 is primarily due to the
application of an originator adjustment at the higher end of
S&P's originator adjustment range (0.7x to 1.3x) and the higher
base-case foreclosure assumptions. However, due to the
transaction's higher original loan-to-value (OLTV) ratio and the
additional stresses S&P subjects it to under its updated Dutch
RMBS criteria, the seasoning credit is not strong enough to
offset the originator adjustment in stresses at ratings below
'AA'.
The increase in the WALS is mainly due to the application of
S&P's updated market value decline assumptions, which are higher
under its updated criteria.
The collateral performance in both transactions has stabilized
since S&P's previous review, with the levels of credit
enhancement improving for all notes apart from the subordinate
Eurosail-NL 2007-2 class B, C, and D1 notes, which have seen
their credit enhancement eroded to provision for losses.
Given the improvement of the housing market in the Netherlands,
the number of arrears of more than six months, for which
borrowers have not fully paid their scheduled mortgage payments
in their previous three payments (nonpaying six plus months
loans), has decreased to 5.2% and 3.5% from 8.2% and 9.3% at
S&P's previous review in Eurosail-NL 2007-1 and Eurosail-NL 2007-
2, respectively. In S&P's analysis, it has excluded these loans
from the collateral pools and assumed a 50% recovery to be
realized after 18 months. As most of the borrowers for these
loans have not been current or paying full mortgage payments for
an extended period of time, S&P believes they will not provide
immediate cash flow credit to these transactions until recovery.
Both transactions benefit from a basis risk swap provided by
Credit Suisse International (A/Stable/A-1). The replacement
language for the basis swap is not in line with S&P's current
counterparty criteria and therefore the maximum potential rating
when giving credit to the swap is constrained at one notch above
the long-term issuer credit rating (ICR) on Credit Suisse. In
order for the notes to be delinked and rated more than one notch
above the long-term ICR on Credit Suisse, S&P has applied basis
risk stresses in its cash flow analysis.
The improvement in credit enhancement alongside the lower volume
of nonpaying six plus months loans, has had a positive impact on
Eurosail-NL 2007-1's class A, B, and C notes and Eurosail-NL
2007-2's class A, M, and B notes due to the lower magnitude of
negative carry stresses. Consequently, S&P has raised its
ratings on these classes of notes. S&P has delinked its ratings
on Eurosail-NL 2007-2's class A and M notes and Eurosail-NL 2007-
1's class A notes from the long-term ICR on the basis swap
provider.
Despite the volume of nonpaying six plus months loans decreasing
since S&P's previous review, the additional cash flow
recessionary periods under its updated Dutch RMBS criteria are
negatively affecting the junior notes in both transactions due to
the prolonged negative carry stress period. As a result, the
cash flow analysis indicates the available credit support is not
commensurate with the stresses that S&P applies at the 'B' rating
level for Eurosail-NL 2007-1's class D and E1 notes and Eurosail-
NL 2007-2's class D1 notes.
In S&P's view, given the abovementioned factors, Eurosail-NL
2007-1's class E1 notes are more dependent upon favorable
economic conditions to pay principal and interest than Eurosail-
NL 2007-1's class D notes and Eurosail-NL 2007-2's class D1
notes. As a result, S&P has lowered to 'B- (sf)' from 'BB- (sf)'
its rating on the class D notes in Eurosail-NL 2007-1 and
affirmed S&P's
'B- (sf)' rating on Eurosail-NL 2007-2's class D1 notes, in line
with S&P's criteria.
S&P's credit and cash flow analysis indicates that the available
credit enhancement for Eurosail-NL 2007-1's class E1 notes and
Eurosail-NL 2007-2's class C notes is commensurate with the
currently assigned ratings. S&P has therefore affirmed its
ratings on these classes of notes.
Eurosail-NL 2007-1 and Eurosail-NL 2007-2 are Dutch RMBS
transactions backed by pools of nonconforming Dutch residential
mortgages originated by ELQ Hypotheken N.V.
RATINGS LIST
Class Rating
To From
Eurosail-NL 2007-1 B.V.
EUR361.2 Million Mortgage-Backed Floating-Rate Notes And An
Overissuance Of Excess Spread Backed Floating-Rate Notes
Ratings Raised
A AA+ (sf) A (sf)
B AA- (sf) A- (sf)
C A (sf) BBB+ (sf)
Rating Lowered
D B- (sf) BB- (sf)
Rating Affirmed
E1 CCC (sf)
Eurosail-NL 2007-2 B.V.
EUR353.675 Million Mortgage-Backed Floating-Rate Notes Including
An Overissuance Of EUR3.675 Million Excess Spread-Backed Floating
Rate Notes
Ratings Raised
A AA- (sf) A (sf)
M A+ (sf) BBB+ (sf)
B BB+ (sf) BB- (sf)
Ratings Affirmed
C B+ (sf)
D1 B- (sf)
=============
R O M A N I A
=============
ASTRA ASIGURARI: Major Shareholder to Sue State Over Bankruptcy
---------------------------------------------------------------
Romania Insider reports that bankrupt Romanian insurer Astra
Asigurari's majority shareholder, The Nova Group Investments
(TNG), which is controlled by Romanian investor Dan Adamescu,
plans to open an international lawsuit against the Romanian
state, for the company's forced bankruptcy.
According to Romania Insider, a TNG press release signed by
Alexandru Adamescu, Dan Adamescu's son, quoted by Hotnews.ro,
reads "The Romanian state, through the Financial Supervisory
Authority - ASF and other entities, has forced Astra's
bankruptcy. The only chance to prove this truth is a legal
action at an International Arbitrage Court, for which TNG sent a
notification to Romania's Government at mid-December 2015".
TNG estimates that the damages the firm has taken from Astra's
bankruptcy and the seizure of several assets amount to "hundreds
of millions of euro", Romania Insider discloses.
Astra Asigurari, which used to be the biggest insurance company
in Romania, went bankrupt at the request of the financial
regulator ASF, in August 2015, due to financial problems, Romania
Insider relates.
The anticorruption prosecutors have been investigating
Dan Adamescu for some EUR180 million damages at Astra Asigurari,
Romania Insider relays. They have also frozen Mr. Adamescu's
assets, which include majority stakes in Unirea Shopping Center
and the Intercontinental hotel, two of Bucharest's landmark
buildings, Romania Insider states.
===========
R U S S I A
===========
MAGADAN OBLAST: S&P Affirms B+ ICR; Outlook Remains Negative
------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' long-term issuer credit
rating on the Russian region of Magadan Oblast. The outlook
remains negative.
At the same time, S&P affirmed the 'ruA' Russia national scale
rating on Magadan Oblast.
S&P also affirmed its issue ratings on the oblast's senior
unsecured bonds at 'B+' and 'ruA'.
RATIONALE
The ratings on Magadan Oblast are constrained by S&P's view of
Russia's volatile and unbalanced institutional framework, which
contributes to the oblast's very weak budgetary flexibility and
very weak budgetary performance. S&P views Magadan Oblast's
financial management as weak in an international context,
mirroring S&P's view on most Russian local and regional
governments (LRGs). The oblast's weak economy and less-than-
adequate liquidity also constrain the ratings.
The ratings are supported by S&P's view of the oblast's moderate
debt and low contingent liabilities.
The long-term rating on Magadan Oblast is at the same level as
S&P's 'b+' assessment of the region's stand-alone credit profile.
S&P views Magadan Oblast's economy as weak in an international
context. S&P estimates the oblast's GDP per capita at about
US$15,700 on average in 2013-2015, which is higher than the
Russian average. Located in Russia's Far East, the oblast has
more than 15% of the country's total gold reserves and 50% of its
silver reserves. Although the oblast's economy is concentrated
on gold and silver mining, S&P don't project volatile tax
revenues, since S&P expects gold and silver prices to remain
stable in the medium term.
Under Russia's volatile and unbalanced institutional framework,
S&P views Magadan Oblast's budgetary flexibility as very weak.
The federal government regulates the majority of regional
revenues and expenditure responsibilities. Magadan Oblast's
revenue flexibility is further constrained by the high share of
federal grants, which account for roughly 35%-40% of its
operating revenues on average. Leeway is also restricted on the
expenditure side, especially by the high share of social
spending, which has expanded in recent years owing to the need to
raise public wages in line with federal government mandates.
Although the federal government has softened some of its 2016
spending targets for regions, spending pressure is likely to stay
high because of pressing infrastructure needs.
S&P expects Magadan Oblast's budgetary performance will improve
although remain very weak in 2016-2018. In S&P's base case, it
thinks that the operating deficit will improve and represent 6%-
7% of operating revenues on average in 2016-2018, after a 19%
operating deficit in 2015 due to a decrease in equalization
subsidies by Russian ruble (RUB) 1.8 billion (about US$27
million, or about 8% of the oblast's operating revenues). S&P's
base case implies a rebound of revenue growth and cost-
containment measures, with operating costs kept under control.
With very weak operating balances and weak capital revenues,
deficits after capital accounts are likely to stay high, at about
9% of total revenues on average in 2016-2018, albeit slightly
better compared with 16% in 2013-2015.
Due to persistently high deficits after capital accounts, S&P
forecasts that tax-supported debt will gradually increase and
reach a moderate level of about 65% of consolidated operating
revenues by the end of 2018. Owing to the early redemption of
its bank loans with the help of budget loans in April 2016, the
oblast reduced the share of bank loans in its direct debt stock.
As of May 1, 2016, the oblast's direct debt consisted of medium-
term bank loans (70% of total debt), amortizing bonds (8%), and
budget loans (22%).
"We assess Magadan Oblast's contingent liabilities as low. We
believe that they are somewhat higher than the average for
Russian regions, given the oblast's remote location and severe
subarctic climate conditions. However, we note that the related
higher costs are already factored into and financed directly from
the budget (including, for example, travel expenses, a subsidized
utility, and possible emergency costs). Also, Magadan Oblast has
only one self-supporting government-owned entity, a gold refining
plant that has so far not required support from the oblast's
budget. The plant's debt and payables account for less than 1%
of the oblast's budget revenues.
S&P views Magadan Oblast's financial management as weak in an
international comparison, as S&P do for most Russian LRGs, mainly
due to the lack of reliable budgeting and long-term financial
planning. Still, S&P acknowledges the oblast's relatively
prudent management of the entities it owns, as well as its
ability to contain spending growth.
LIQUIDITY
S&P views Magadan Oblast's liquidity as less than adequate. This
is based on the adequate debt-service coverage ratio and the
oblast's limited access to external liquidity.
The oblast was among the first to receive a RUB1.4 billion low-
interest budget loan in April 2016 and channeled these funds to
repay bank loans due in May and October this year. The remaining
debt service due in the next 12 months is RUB1.9 billion, versus
RUB1.6 billion of funds available. That said, S&P expects that
the oblast's average free cash, net of deficits after capital
accounts, and together with committed credit facilities, will
cover about 85% of the oblast's debt service coming due over the
next 12 months.
In S&P's base case for 2016-2017, it expects Magadan Oblast to
keep low cash reserves. At the same time, S&P anticipates that
the oblast will stick to its practice of arranging committed bank
lines and keeping undrawn amounts under those lines of RUB1.3
billion (about US$20 million). S&P also believes that, apart
from bank facilities, the oblast will increasingly rely on
federal budget loans, which are now available to all LRGs for
commercial debt refinancing purposes.
S&P views Magadan Oblast's access to external liquidity as
limited, given the weaknesses of the domestic capital market.
OUTLOOK
The negative outlook reflects S&P's view that it might become
increasingly difficult for Magadan Oblast to maintain its current
liquidity position, given the smaller grants from the federal
budget and the oblast's lack of flexibility to further contain
its spending growth in the context of elevated inflation and the
upcoming parliamentary election.
S&P might lower the ratings within the next 6-12 months if, in
line with its downside scenario, the oblast fails either to
achieve higher revenue growth, or secure materially higher
liquidity sources. Both of these cases would lead S&P to revise
its assessment of liquidity to weak from less than adequate.
Alternatively, S&P might lower the ratings if the economic
environment deteriorates further and the oblast's GDP per capita
appears to be lower than S&P currently anticipates.
S&P could revise the outlook to stable if, within the next 6-12
months, stronger tax revenue growth and cost-containment measures
allowed the oblast to keep its deficits in line with S&P's base-
case expectations, which would relieve pressure on its liquidity
position.
In accordance with S&P's relevant policies and procedures, the
Rating Committee was composed of analysts that are qualified to
vote in the committee, with sufficient experience to convey the
appropriate level of knowledge and understanding of the
methodology applicable. At the onset of the committee, the chair
confirmed that the information provided to the Rating Committee
by the primary analyst had been distributed in a timely manner
and was sufficient for Committee members to make an informed
decision.
After the primary analyst gave opening remarks and explained the
recommendation, the Committee discussed key rating factors and
critical issues in accordance with the relevant criteria.
Qualitative and quantitative risk factors were considered and
discussed, looking at track-record and forecasts.
The committee's assessment of the key rating factors is reflected
in the Ratings Score Snapshot above.
The chair ensured every voting member was given the opportunity
to articulate his/her opinion. The chair or designee reviewed
the draft report to ensure consistency with the Committee
decision. The views and the decision of the rating committee are
summarized in the above rationale and outlook. The weighting of
all rating factors is described in the methodology used in this
rating action.
RATINGS LIST
Rating
To From
Magadan Oblast
Issuer Credit Rating
Foreign and Local Currency B+/Neg./-- B+/Neg./--
Russia National Scale ruA/--/-- ruA/--/--
Senior Unsecured
Local Currency B+ B+
Russia National Scale ruA ruA
NATIONAL FACTORING: S&P Puts B Ratings on CreditWatch Negative
--------------------------------------------------------------
S&P Global Ratings placed its 'B' long-term counterparty credit
ratings and 'ruBBB+' Russia national scale rating on Russia-based
National Factoring Co. (NFC) on CreditWatch with negative
implications. At the same time, S&P affirmed its 'C' short-term
counterparty credit rating on the company.
The CreditWatch placement reflects S&P's view of the high
uncertainty related to NFC's strategic development after changes
in its ownership structure. At the end of 2015, the ultimate
owner of NFC was Nikolay Tsvetkov, who also used to have
ownership control of BANK URALSIB. In November 2015, Mr.
Tsvetkov sold his 82.0% stake in BANK URALSIB to Vladimir Kogan
as part of its financial rehabilitation. As S&P understands,
according to the transaction, Mr. Kogan was also given control of
some of Mr. Tsvetkov's other businesses, including NFC.
S&P notes that the strategy of the recently formed banking group
of BANK URALSIB (PJSC) (CCC+/Positive/C) and Baltic Financial
Agency Bank (B/Negative/B) and NFC's strategy is in the process
of being shaped. S&P notes that NFC depends on funding from
URALSIB and do not rule out potential spillover risks. S&P also
considers that there is a possibility that NFC will withdraw its
banking license to cut costs, if management decides the company
no longer needs access to the Central Bank of Russia's (CBR's)
funding facilities, since it will be highly dependent on funding
from URALSIB. S&P views the presence of a banking license to be
a positive rating factor, given that the company already has
access to CBR funding and that it is regulated and supervised by
the CBR, which ensures that it operates above minimum regulatory
capital requirements.
S&P believes, however, that the mentioned changes in ownership do
not currently affect the company's stand-alone credit profile.
In particular, S&P views NFC's capitalization as adequate.
Although S&P thinks that NFC's ability to build capital
internally remains weak, S&P expects that its risk-adjusted
capital ratio before adjustment for concentration and
diversification will be in the 9.5%-10.5% range in the next 12-18
months. S&P also notes that NFC managed to reduce its exposure
to the former owner's businesses to close to zero in the first
quarter of 2016, which offsets the slight deterioration in the
credit quality of its factoring portfolio.
S&P aims to resolve the CreditWatch within the next three months
after NFC's new owner finalizes the entity's strategy and
operational structure. S&P also expects to receive more clarity
regarding the operational positioning of NFC in relation to
URALSIB and Mr. Kogan's other companies.
S&P could lower the ratings if it sees significant changes in
NFC's strategic development and corporate governance, which could
lead to a deterioration of its credit profile. For example, S&P
might lower the ratings if NFC waives its banking license or if
S&P considers NFC part of a larger group that has a group credit
profile that is weaker than our assessment of NFC's stand-alone
creditworthiness. A change in the underwriting standards or
increased exposure to related parties could also lead to negative
rating actions.
S&P could affirm the ratings if there are no significant changes
in NFC's strategy or operational structure, reflecting that the
business plans, risk-management approach, and corporate
governance remain consistent with the current rating level and
that the overall group credit profile does not impinge upon NFC's
creditworthiness.
POLYUS GOLD: S&P Assigns BB- Long-Term CCR, Outlook Stable
----------------------------------------------------------
S&P Global Ratings said that it assigned its 'BB-' long-term
corporate credit rating to Russian gold miner Polyus Gold PJSC.
The outlook is stable.
The rating on Polyus PJSC mirrors that on its 95%-owner, Polyus
Gold International Ltd. (Polyus International). S&P views Polyus
PJSC as a core subsidiary of Polyus International that is
integral to group strategy. Polyus PJSC holds 100% shares of JSC
Polyus, which holds all the established operations and assets of
the group, while its parent has no other activities besides
holding Polyus PJSC shares. In addition, S&P understands that
Polyus International will continue to exercise effective control
of Polyus PJSC for the foreseeable future. As of now, the 5% of
shares not owned by Polyus international are free float.
The stable outlook on Polyus PJSC mirrors that on Polyus
International. The ratings on the Polyus entities will move in
tandem as S&P continues to view Polyus PJSC as a core group
subsidiary.
SAKHA REPUBLIC: S&P Assigns BB Rating to Proposed RUB5.5BB Bond
---------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'BB' long-term
global scale issue rating and 'ruAA' Russia national scale rating
to the Republic of Sakha's proposed Russian ruble (RUB)5.5
billion (about $75 million) five-year senior unsecured bond. S&P
understands that Sakha (BB/Stable/--) plans to issue the bond on
May 18, 2016.
The bond will have 20 quarterly fixed-rate coupons and an
amortizing repayment schedule. The coupon rate will be disclosed
at the time of issuance. According to the redemption schedule,
15% of the bond is to be repaid in 2018, 25% in 2019, 30% in
2020, and the remaining 30% in 2021.
===============
S L O V E N I A
===============
ABANKA VIPA: Fitch Raises Long-Term IDR to BB, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has upgraded Slovenia-based Abanka Vipa's Long-Term
Issuer Default Rating to 'BB' from 'BB-'; and Nova Kreditna Banka
Maribor (NKBM) and Nova Ljubljanska Banka's (NLB) Long-Term IDRs
to 'BB-' from 'B+'. At the same time, the agency has affirmed
Banka Koper's (BK) Long-Term IDR at 'BBB'. The Outlooks on all
four banks are Stable.
KEY RATING DRIVERS
IDRs AND SENIOR UNSECURED DEBT
The IDRs of Abanka, NLB and NKBM are driven by their standalone
financial strength, as expressed by their Viability Ratings
(VRs). NLB's senior unsecured debt rating is in line with its
Long-term IDR.
BK's IDRs and Support Rating (SR) of '2' reflect Fitch's view
that its parent, Intesa San Paolo S.p.A. (ISP, BBB+/Stable) will
continue to have a strong propensity to support its subsidiaries
in Central and Eastern Europe (CEE), given its majority ownership
and high level of integration, notwithstanding ISP's primary
focus on the Italian market. The Stable Outlook on BK's Long-
term IDR mirrors that on the parent.
VRs
The upgrades of the VRs of Abanka, NLB and NKBM reflect (i) an
extended track record of asset quality improvement as expressed
by a gradual reduction in legacy non-performing loans (NPLs);
(ii) continued de-leveraging, resulting in moderate increases in
capital ratios and reduced downside asset quality risks; (iii)
gradual improvement of the operating environment and ongoing
restructuring of the corporate sector; and (iv) substantial
liquidity buffers and the banks' strengthened funding profiles.
Abanka's and BK's VRs are one notch higher than those of NLB and
NKBM due to stronger capital ratios at Abanka and more resilient
asset quality and performance through the cycle at BK. Unlike
the other three banks, BK did not require extraordinary capital
support or a problem loan transfer in 2013-2014, as its asset
quality benefited from superior risk controls and underwriting
standards driven by close integration with ISP. The higher VRs
of Abanka and BK also reflect lower stocks of legacy NPLs, in
particular relative to NKBM.
On the negative side, the VRs of all four banks reflect still
high stocks of legacy NPLs, weak profitability and limited loan
growth potential.
The ongoing deleveraging of the corporate sector is positive for
the banks' asset quality, but weighs on new business origination.
The banks' loan books contracted by 4%-6% in 2015 and Fitch
expects a further contraction in 2016. Abanka, NKB and NLB also
continue to face certain pricing restrictions on new loan
origination resulting from commitments in their restructuring
agreements. These further limit the available new lending
opportunities.
The origination of new NPLs (defined as loans overdue by 90 days
or more plus loans from regulatory categories D and E) is modest
due to banks' reduced risk appetite and limited new lending.
Existing stocks of legacy NPLs are significant (around 15% of
end-2015 gross loans for Koper and Abanka, 22% for NLB and 38%
for NKBM), but these seem to be reasonably covered by impairment
reserves (more so at Abanka, less at Koper) and there is a track
record of gradual NPL resolution/recovery. In Fitch's view, any
additional credit losses related to legacy NPLs should be
moderate and existing reserves capture risks adequately.
Capitalisation is reasonable at all banks, as expressed by high
Fitch Core Capital (FCC) ratios of 27% (Abanka), 26% (NKBM), 19%
(Koper) and 18% (NLB). Internal capital generation remains
modest (single-digit for all four banks), but capital ratios are
supported by loan book contraction and by divestments of non-core
assets (at Abanka, NKBM and NLB). Fitch estimates that all four
banks now have sufficient loss absorption capacity to fully
reserve their legacy NPLs and still maintain double-digit FCC
ratios.
Profitability is a rating weakness and Fitch does not expect any
improvements in the next few years. Thin margins (driven by a
low interest-rate environment and large pools of low-yielding
liquid assets), lack of scale and limited demand for new credit
in the sector will remain a drag on the banks' performance, in
Fitch's view.
Robust liquidity buffers and healthy funding structures are a
rating strength for all four banks, as they continue to enjoy a
steady inflow of granular and cheap retail deposits and managed
to accumulate sizeable liquidity cushions given limited new
lending opportunities. At end-2015, liquid assets exceeded 35%
of customer funding at all four banks, which in turn represented
around 90% of total liabilities at each of the banks.
SRs AND SUPPORT RATING FLOORS (SRFS) - NLB, NKBM, ABANKA
The SRFs of 'No Floor' and the SRs of '5' for Abanka, NLB and
NKBM express Fitch's opinion that potential sovereign support for
the banks cannot be relied upon. This is underpinned by the EU's
Bank Recovery and Resolution Directive (BRRD), which provides a
framework for resolving banks that is likely to require senior
creditors participating in losses, if necessary, instead of or
ahead of a bank receiving sovereign support.
Fitch does not incorporate any potential support available to
NKBM from its new majority owner Apollo Global Management LLC.
This is based on the fact that extraordinary support from private
equity investors usually cannot be relied upon.
RATING SENSITIVITIES
BK's Long-term IDR will likely move in tandem with that of ISP.
BK's IDR could also be downgraded if there is evidence of a
reduced commitment by the group to support its subsidiary banks
in CEE, which Fitch views as unlikely. Abanka's, NKBM's and
NLB's IDRs and NLB's senior unsecured debt Long-Term rating are
sensitive to changes in their VRs.
Further upside potential for the VRs of all four banks may emerge
if they manage to (i) improve performance, (ii) achieve
substantial progress in additional NPL workouts, and (iii)
maintain solid capital and liquidity buffers. Further
improvements in the operating environment and a gradual pick up
in loan growth would be also credit positive.
Negative rating pressure for all four banks' VRs could stem from
renewed capital pressure driven by additional credit losses on
legacy problem exposures or elevated NPL generation in new
lending.
The rating actions are:
Abanka:
Long-Term IDR: upgraded to 'BB' from 'BB-', Outlook Stable
Short-Term IDR: affirmed at 'B'
Viability Rating upgraded to 'bb' from 'bb-'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Nova Kreditna Banka Maribor
Long-Term IDR: upgraded to 'BB-' from 'B+', Outlook Stable
Short-Term IDR: affirmed at 'B'
Viability Rating upgraded to 'bb-' from 'b+'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Nova Ljubljanska Banka
Long-Term IDR: upgraded to 'BB-' from 'B+', Outlook Stable
Short-Term IDR: affirmed at 'B'
Viability Rating upgraded to 'bb-' from 'b+'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Senior unsecured debt Long-Term rating: upgraded to 'BB-' from
'B+', Recovery Rating 'RR4' withdrawn as it is not relevant to
the rating
Banka Koper:
Long-Term IDR: affirmed at 'BBB', Outlook Stable
Short-Term IDR: affirmed at 'F2'
Support Rating: affirmed at '2'
Viability Rating: affirmed at 'bb'
=========
S P A I N
=========
GRUPO ISOLUX: Mulls Debt-for-Equity Swap Talks with Creditors
-------------------------------------------------------------
Luca Casiraghi and Katie Linsell at Bloomberg News report that
Grupo Isolux Corsan SA is planning to start talks with creditors
over a proposal to swap about 70% of its debt into equity.
According to Bloomberg, two people with knowledge of the matter
said the company wants to cut debt to about EUR600 million
(US$678 million) from EUR2 billion. They said that under the
plan, creditors would get at least 90% of Isolux in return for
reducing debts and injecting at least EUR200 million of new
money, Bloomberg relates.
Isolux hired financial advisers Houlihan Lokey Inc. and
Rothschild as it struggles under debt built up through years of
international expansion, Bloomberg discloses. The Madrid-based
company has also failed in attempts to sell solar plants and
Brazilian assets, Bloomberg notes.
Inigo Paneda, Rothschild's Spanish head, said the restructuring
may include cash injections, extended maturities on some
obligations and swapping part of the debt for equity or equity-
like instruments, Bloomberg relays.
Mr. Paneda, as cited by Bloomberg, said different types of
creditors will get equitable treatment.
Grupo Isolux Corsan SA is a Spanish construction company.
===========
T U R K E Y
===========
HABAS SINAI: Fitch Affirms B+ Long-Term IDR; Outlook Stable
-----------------------------------------------------------
Fitch Ratings has affirmed Habas Sinai ve Tibbi Gazlar Istihsal
Endustrisi A.S.'s Long-Term Foreign Currency and Local Currency
Issuer Default Ratings at 'B+' and National Long-term rating at
'A(tur)'. The Outlooks are Stable.
The affirmation reflects Fitch's expectation that the current
elevated debt levels will continue to be offset by strong cash
balances (TRY1.2 bil. at end FY15). Fitch expects that funds
from operations (FFO) adjusted net leverage will return below
1.0x in the medium term once the new gas power plant becomes
operational at end 2016. Fitch also expects cash generation to
improve, with the free cash flow (FCF) margin turning positive
again, driven by lower capex after large investments in the past
two years.
KEY RATING DRIVERS
Transparency and Disclosure
As a private company, Habas's transparency and disclosure levels
are weaker than publicly listed companies, which continues to
represent a material limitation on the rating.
Operational Profile Changing
Habas has started construction of an 800mw gas power plant, which
is expected to be fully operational at the end of 2016. The
plant will primarily supply Habas's internal requirements with
the remainder sold to the market.
The capacity utilization rates in the new hot strip mill were
below Fitch's forecasts in 2015 due to challenging conditions in
the steel market. However, Fitch forecasts that the capacity
utilization rates will reach 80% for the steel segment in the
medium term.
Strong Liquidity, Improving Leverage
Habas has historically maintained a conservative financial
policy, including maintaining large cash positions on balance
sheet. In recent periods gross debt levels have risen to fund
the new hot strip mill and power plant however continue to be
around 90% covered by on-balance sheet cash. Fitch forecasts FFO
net leverage of around 1.3x in 2016 (in excess of our negative
guideline) but expect it to return to below 0.5x in subsequent
periods.
KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for Habas include:
-- Continued stress in steel markets through 2016, limiting
revenue growth
-- Capex back to historical levels, with no major investments
-- No dividend payments to shareholders, (all added to equity)
in line with historical track record
RATING SENSITIVITIES
Positive: Future developments that may, individually or
collectively, lead to positive rating action include:
-- An improvement in disclosure and transparency together with
a strengthening of the company's operational profile
resulting in improved scale, diversification and profit
margins.
Negative: Future developments that may, individually or
collectively, lead to negative rating action include:
-- FFO net leverage in excess of 1.0x, a consolidated EBITDAR
margin below 4.0%, or a liquidity score below 1x.
LIQUIDITY
TRY1,2 mil. cash balances at end-2015 cover 100% of short-term
debt and approximately 90% of total debt. Habas has no committed
bank facilities, which is common practice among Turkish
corporates. Habas has a long history of maintaining a
conservative capital structure.
=============
U K R A I N E
=============
UKRGASPROMBANK: Kyiv Appeal Court Upholds Ruling Against NBU
------------------------------------------------------------
Ukrainian News Agency reports that the Kyiv Administrative Appeal
Court has upheld the ruling that the National Bank of Ukraine's
failure to take measures to influence the behavior of the
liquidated Ukrgasprombank was illegal.
Ukrgasprombank was taken into interim administration on April 8,
2015, and a decision to liquidate the bank was made on September
15, 2015, Ukrainian News relates.
In October, the Sanko Trading House appealed to the Deposit
Guarantee Fund to recognize it as a creditor, but it received no
response, Ukrainian News states.
The Sanko Trading House asked the court to declare illegal the
NBU's failure to take adequate, immediate, and decisive action
and promptly take adequate measures to influence the behavior of
Ukrgasprombank from November 2014 to April 2015, Ukrainian News
discloses.
The company also asked the court to declare illegal the NBU's
failure to take action to protect the interests of depositors
regarding the safekeeping of their funds in bank accounts,
Ukrainian News notes.
The court upheld the Sanko Trading House's lawsuit and declared
the NBU's inaction illegal, Ukrainian News relays.
According to Ukrainian News, the NBU's appeal against the court's
ruling was dismissed on April 26.
The Deposit Guarantee Fund took Ukrgasprombank into
administration for three months on April 8, Ukrainian News
relates.
The NBU decided to liquidate Ukrgasprombank on Sept. 14,
Ukrainian News recounts.
Ukrgasprombank is based in Kyiv.
===============
X X X X X X X X
===============
* BOND PRICING: For the Week May 9 to May 13, 2016
--------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Oi Brasil Holdings Cooperat 5.75 2/10/2022 USD 26.25
Portugal Telecom Internatio 6.25 7/26/2016 EUR 53.13
Portugal Telecom Internatio 4.63 5/8/2020 EUR 25.02
Portugal Telecom Internatio 4.38 3/24/2017 EUR 32.00
Abengoa SA 8.50 3/31/2016 EUR 9.88
Petrobras Global Finance BV 4.38 5/20/2023 USD 70.54
Portugal Telecom Internatio 5.88 4/17/2018 EUR 25.75
Petrobras Global Finance BV 6.85 6/5/2115 USD 68.21
Ensco PLC 4.70 3/15/2021 USD 71.50
Oi Brasil Holdings Cooperat 5.63 6/22/2021 EUR 23.00
Portugal Telecom Internatio 5.00 11/4/2019 EUR 26.03
Genel Energy Finance PLC 7.50 5/14/2019 USD 59.98
Vedanta Resources PLC 6.00 1/31/2019 USD 61.48
Portugal Telecom Internatio 4.50 6/16/2025 EUR 24.06
Intelsat Jackson Holdings S 7.25 4/1/2019 USD 74.00
Abengoa Finance SAU 8.88 2/5/2018 EUR 9.75
Intelsat Jackson Holdings S 5.50 8/1/2023 USD 59.50
Ensco PLC 5.20 3/15/2025 USD 58.73
Heta Asset Resolution AG 4.38 1/24/2017 EUR 68.63
CSN Resources SA 6.50 7/21/2020 USD 45.16
Grupo Isolux Corsan Finance 6.63 4/15/2021 EUR 30.04
Intelsat Jackson Holdings S 7.25 10/15/2020 USD 64.50
Intelsat Jackson Holdings S 6.63 12/15/2022 USD 49.50
Petroleum Geo-Services ASA 7.38 12/15/2018 USD 67.72
Petrobras Global Finance BV 7.25 3/17/2044 USD 75.50
CGG SA 5.88 5/15/2020 EUR 47.81
Offshore Drilling Holding S 8.38 9/20/2020 USD 46.25
CHC Helicopter SA 9.25 10/15/2020 USD 39.11
RWE AG 3.50 4/21/2075 EUR 71.30
Abengoa Finance SAU 7.00 4/15/2020 EUR 9.13
Intelsat Luxembourg SA 7.75 6/1/2021 USD 30.25
Frigoglass Finance BV 8.25 5/15/2018 EUR 52.74
Petrobras Global Finance BV 6.88 1/20/2040 USD 71.00
Vedanta Resources PLC 8.25 6/7/2021 USD 52.50
Casino Guichard Perrachon S 1.86 EUR 50.06
Eramet 4.50 11/6/2020 EUR 73.60
Petrobras Global Finance BV 6.75 1/27/2041 USD 70.03
Petrobras Global Finance BV 4.25 10/2/2023 EUR 69.98
Petrobras Global Finance BV 5.63 5/20/2043 USD 63.38
Banca Popolare di Vicenza 9.50 9/29/2025 EUR 74.13
Ovako AB 6.50 6/1/2019 EUR 74.25
Gol LuxCo SA 8.88 1/24/2022 USD 39.00
Vallourec SA 2.25 9/30/2024 EUR 62.85
Scholz Holding Gmbh 8.50 3/8/2017 EUR 11.88
Aegon NV 2.07 USD 55.00
Petrobras Global Finance BV 6.25 12/14/2026 GBP 67.99
Ajecorp BV 6.50 5/14/2022 USD 42.60
Rickmers Holding GmbH & Cie 8.88 6/11/2018 EUR 55.75
Vedanta Resources PLC 7.13 5/31/2023 USD 50.00
Ensco PLC 4.50 10/1/2024 USD 57.65
Veneto Banca SpA 9.50 12/1/2025 EUR 72.38
Abengoa Greenfield SA 5.50 10/1/2019 EUR 9.00
Petrobras Global Finance BV 4.75 1/14/2025 EUR 69.82
Tullow Oil PLC 6.00 11/1/2020 USD 71.50
Ensco PLC 5.75 10/1/2044 USD 54.77
Aegon NV 0.86 EUR 52.33
CIMPOR Financial Operations 5.75 7/17/2024 USD 72.99
Heta Asset Resolution AG 4.25 10/31/2016 EUR 69.13
Intelsat Luxembourg SA 8.13 6/1/2023 USD 23.86
CGG SA 6.50 6/1/2021 USD 39.75
Banque Federative du Credit 1.00 EUR 47.63
Abengoa Finance SAU 8.88 11/1/2017 USD 17.75
Intelsat Jackson Holdings S 7.50 4/1/2021 USD 62.20
Premier Oil PLC 5.00 12/11/2020 GBP 55.50
DNO ASA 8.75 6/18/2020 USD 62.67
Banco Espirito Santo SA 2.63 5/8/2017 EUR 23.25
EnQuest PLC 5.50 2/15/2022 GBP 39.38
Banco Espirito Santo SA 4.00 1/21/2019 EUR 24.51
Nordea Bank AB 0.70 EUR 52.16
Indo Energy Finance II BV 6.38 1/24/2023 USD 45.00
Algeco Scotsman Global Fina 10.75 10/15/2019 USD 29.00
Constellium NV 5.75 5/15/2024 USD 72.75
Bank of New York Mellon Lux 4.30 12/15/2050 EUR 38.63
FF Group Finance Luxembourg 1.75 7/3/2019 EUR 73.82
PagesJaunes Finance & Co SC 8.88 6/1/2018 EUR 54.68
QGOG Constellation SA 6.25 11/9/2019 USD 57.00
Metinvest BV 8.75 2/14/2018 USD 44.88
Andrade Gutierrez Internati 4.00 4/30/2018 USD 65.50
EnQuest PLC 7.00 4/15/2022 USD 45.00
Ferrexpo Finance PLC 10.38 4/7/2019 USD 59.50
AXA SA 1.29 EUR 59.99
Far East Capital Ltd SA 8.00 5/2/2018 USD 53.25
Petrobras Global Finance BV 6.63 1/16/2034 GBP 65.04
Credit Logement SA 0.92 EUR 74.68
Pacific Drilling SA 5.38 6/1/2020 USD 33.00
Fiat Chrysler Automobiles N 7.88 12/15/2016 USD 68.76
HSH Nordbank AG 7.25 USD 19.50
Hema Bondco I BV 6.25 6/15/2019 EUR 73.68
Heta Asset Resolution AG 2.75 5/31/2016 CHF 69.00
Waste Italia SpA 10.50 11/15/2019 EUR 24.63
Brunswick Rail Finance Ltd 6.50 11/1/2017 USD 40.00
Metinvest BV 10.25 5/27/2016 USD 43.71
VistaJet Malta Finance PLC 7.75 6/1/2020 USD 44.00
IMMOFINANZ AG 4.25 3/8/2018 EUR 4.25
Tullow Oil PLC 6.25 4/15/2022 USD 71.88
CGG SA 6.88 1/15/2022 USD 39.75
Asya Sukuk Co Ltd 7.50 3/28/2023 USD 70.00
Indo Energy Finance BV 7.00 5/7/2018 USD 61.01
KCA Deutag UK Finance PLC 7.25 5/15/2021 USD 64.50
Privatbank CJSC Via UK SPV 10.25 1/23/2018 USD 73.95
Etablissements Maurel et Pr 1.63 7/1/2019 EUR 8.38
ING Groep NV 1.27 EUR 57.00
HSH Nordbank AG/Luxembourg 2.31 EUR 15.17
Petrobras Global Finance BV 5.38 10/1/2029 GBP 61.99
AXA SA 0.92 EUR 55.98
CNP Assurances 0.62 EUR 47.34
Neopost SA 3.38 EUR 41.34
OAS Investments GmbH 8.25 10/19/2019 USD 0.00
Norske Skogindustrier ASA 7.00 6/26/2017 EUR 19.38
CHC Helicopter SA 9.38 6/1/2021 USD 6.00
CGG SA 1.75 1/1/2020 EUR 4.55
Avanti Communications Group 10.00 10/1/2019 USD 72.75
Banco Espirito Santo SA 4.75 1/15/2018 EUR 24.75
Banque Federative du Credit 0.65 EUR 44.88
Credit Agricole SA 0.68 EUR 51.75
German Pellets GmbH 7.25 11/27/2019 EUR 0.92
DTEK Finance PLC 7.88 4/4/2018 USD 38.13
Air Berlin Finance BV 6.00 3/6/2019 EUR 70.90
BNP Paribas SA 2.13 EUR 60.00
Public Power Corp Finance P 5.50 5/1/2019 EUR 73.07
Abengoa Finance SAU 7.75 2/1/2020 USD 8.63
HSBC Bank PLC 1.13 USD 52.50
BNP Paribas Fortis SA 1.77 EUR 65.00
Takko Luxembourg 2 SCA 9.88 4/15/2019 EUR 56.13
AXA SA 0.70 EUR 60.50
Oi Brasil Holdings Cooperat 5.75 2/10/2022 USD 25.06
SOITEC 6.75 9/18/2018 EUR 2.10
Bank of New York Mellon Lux 4.11 12/30/2099 EUR 9.81
Petroleum Geo-Services ASA 7.38 12/15/2018 USD 68.50
BIBBY Offshore Services PLC 7.50 6/15/2021 GBP 66.13
Far East Capital Ltd SA 8.75 5/2/2020 USD 56.75
Air France-KLM 2.03 2/15/2023 EUR 11.30
Norske Skog AS 11.75 12/15/2019 EUR 62.38
AXA SA 1.83 USD 67.66
Yuksel Insaat AS 9.50 11/10/2015 USD 48.00
Bluewater Holding BV 10.00 12/10/2019 USD 40.13
AXA SA 2.25 USD 69.18
HSBC Bank PLC 0.81 USD 51.81
ING Groep NV 0.87 EUR 54.75
BPCE SA 2.54 USD 71.25
Rothschilds Continuation Fi 1.00 EUR 44.63
Johnston Press Bond Plc 8.63 6/1/2019 GBP 69.75
UKRLANDFARMING PLC 10.88 3/26/2018 USD 30.50
Immigon Portfolioabbau AG 10.00 EUR 4.03
Vneshprombank Ltd via VPB F 9.00 11/14/2016 USD 13.00
Abengoa Finance SAU 8.88 11/1/2017 USD 10.50
Aegon NV 4.26 NLG 72.24
Ageasfinlux SA 1.18 EUR 55.33
EnQuest PLC 7.00 4/15/2022 USD 42.50
DTEK Finance PLC 10.38 3/28/2018 USD 38.01
CEVA Group PLC 9.00 9/1/2021 USD 66.00
Steilmann SE 6.75 6/27/2017 EUR 65.13
Capital Funding GmbH 2.27 EUR 66.38
Steilmann SE 7.00 9/23/2018 EUR 63.63
Paragon Offshore PLC 6.75 7/15/2022 USD 27.25
BIM SAS 2.50 11/13/2020 EUR 25.55
Air Berlin PLC 5.63 5/9/2019 CHF 79.63
Assystem 4.50 EUR 28.45
Rothschilds Continuation Fi 0.81 USD 41.13
Virgolino de Oliveira Finan 10.50 1/28/2018 USD 3.95
Abengoa Finance SAU 7.75 2/1/2020 USD 8.63
Abengoa SA 6.25 1/17/2019 EUR 8.63
German Pellets GmbH 7.25 4/1/2016 EUR 1.95
Tullow Oil PLC 6.00 11/1/2020 USD 72.63
Econocom Group SA/NV 1.50 1/15/2019 EUR 11.61
Standard Chartered PLC 0.94 USD 59.60
Santander International Pre 2.00 USD 37.88
Novo Banco SA 5.00 3/15/2022 EUR 70.88
InterGen NV 7.00 6/30/2023 USD 68.25
Portugal Telecom Internatio 5.24 11/6/2017 EUR 29.63
WPE International Cooperati 10.38 9/30/2020 USD 7.50
European Directories BondCo 7.00 12/9/2018 EUR 65.39
Novo Banco SA 3.50 1/2/2043 EUR 56.38
Metinvest BV 10.50 11/28/2017 USD 43.83
Standard Chartered PLC 0.81 GBP 59.58
Hema Bondco II BV 8.50 12/15/2019 EUR 40.39
Transcapitalbank JSC Via Tr 10.00 9/18/2020 USD 59.60
Tesco PLC 4.88 3/24/2042 GBP 74.58
Petromena ASA 9.75 5/24/2016 NOK 0.52
Privatbank CJSC Via UK SPV 10.88 2/28/2018 USD 70.66
Caisse Federale du Credit M 1.10 EUR 47.63
Banca Monte dei Paschi di S 2.49 5/15/2018 EUR 56.38
Barclays Bank PLC 1.13 USD 49.00
IGas Energy PLC 10.00 3/22/2018 USD 40.25
Abengoa Greenfield SA 6.50 10/1/2019 USD 7.88
German Pellets GmbH 7.25 7/9/2018 EUR 1.78
Afren PLC 6.63 12/9/2020 USD 0.30
Lloyds Bank PLC 0.98 USD 56.50
Santander Finance Preferred 0.61 EUR 53.00
Barclays Bank PLC 1.56 GBP 63.63
Prosafe SE 4.88 2/8/2017 NOK 66.00
Hema Bondco I BV 5.25 6/15/2019 EUR 70.32
HSBC Bank PLC 0.98 USD 48.75
Lambay Capital Securities P 6.25 GBP 1.77
Singulus Technologies AG 7.75 3/23/2017 EUR 28.38
Meyer Burger Technology AG 4.00 9/24/2020 CHF 68.14
Banco Bilbao Vizcaya Argent 1.10 EUR 68.55
Lloyds Bank PLC 0.81 USD 56.25
Prosafe SE 4.13 9/9/2019 NOK 50.00
Lloyds Bank PLC 1.06 USD 56.50
Alno AG 8.50 5/14/2018 EUR 71.38
Songa Offshore 8.40 5/17/2018 NOK 49.88
Barclays Bank PLC 1.13 USD 54.06
Banco Espirito Santo SA 6.88 7/15/2016 EUR 24.38
Praktiker AG 5.88 2/10/2016 EUR 0.54
Ferrexpo Finance PLC 10.38 4/7/2019 USD 66.18
OGX Austria GmbH 8.50 6/1/2018 USD 0.11
Standard Chartered PLC 0.94 USD 59.50
Abengoa Greenfield SA 6.50 10/1/2019 USD 9.00
Caixa Geral de Depositos SA 1.34 12/28/2017 EUR 72.88
Paragon Offshore PLC 7.25 8/15/2024 USD 27.00
ATF Capital BV 10.00 USD 59.88
Tullow Oil PLC 6.25 4/15/2022 USD 71.50
Caixa Terrassa Societat de 1.18 EUR 48.38
Etablissements Maurel et Pr 2.75 7/1/2021 EUR 5.77
Mriya Agro Holding PLC 9.45 4/19/2018 USD 6.02
Nexity SA 0.63 1/1/2020 EUR 52.59
Sydbank A/S 0.95 EUR 51.25
DNB Bank ASA 1.06 USD 55.38
Credit Mutuel Arkea SA 1.11 EUR 44.63
Banca Carige SpA 8.34 EUR 55.63
Bank of Scotland PLC 0.94 USD 56.75
Pohjola Bank Oyj 0.64 EUR 46.00
Kaupthing ehf 7.63 2/28/2015 USD 17.63
Capital Raising GmbH 7.50 EUR 19.25
OSX 3 Leasing BV 13.00 3/20/2015 USD 25.00
Alcatel-Lucent SA 4.25 7/1/2018 EUR 4.08
CGG SA 1.25 1/1/2019 EUR 22.53
Tonon Luxembourg SA 7.25 1/24/2020 USD 10.25
Norske Skog Holding AS 8.00 2/24/2021 EUR 25.38
Codere Finance Luxembourg S 8.25 6/15/2015 EUR 70.88
Standard Chartered PLC 1.03 USD 59.50
Kaupthing ehf 5.75 10/4/2011 USD 17.63
Candyking Holding AB 5.00 1/29/2018 SEK 40.38
Union Fenosa Preferentes SA 1.41 EUR 66.13
Alcatel-Lucent SA 0.13 1/30/2020 EUR 4.16
Beate Uhse AG 7.75 7/9/2019 EUR 31.00
Steilmann SE 7.00 3/9/2017 EUR 63.63
Novo Banco SA 3.00 6/21/2022 USD 64.38
Vedanta Resources PLC 6.00 1/31/2019 USD 60.50
Fred Olsen Energy ASA 4.06 2/28/2019 NOK 47.38
Abengoa SA 4.50 2/3/2017 EUR 8.63
Standard Chartered PLC 1.09 USD
Volstad Shipping AS 7.06 5/30/2018 NOK 30.88
Cofinoga Funding Two LP 2.27 EUR 60.88
Banca delle Marche SpA 0.75 6/1/2017 EUR 1.12
Virgolino de Oliveira Finan 11.75 2/9/2022 USD 3.95
BLT Finance BV 7.50 5/15/2014 USD 3.94
Afren PLC 11.50 2/1/2016 USD 0.53
Aegon NV 1.51 NLG 50.65
Talvivaara Mining Co PLC 4.00 12/16/2015 EUR 1.78
Kistefos Equity Operations 7.93 4/19/2019 NOK 63.75
Danske Bank Oyj 1.15 EUR 51.75
Privatbank CJSC Via UK SPV 11.00 2/9/2021 USD 60.88
EFG International AG 1.20 EUR 55.25
Pierre & Vacances SA 3.50 10/1/2019 EUR 37.59
Hellenic Republic Governmen 6.14 4/14/2028 EUR 67.75
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 1.18
Island Offshore Shipholding 6.38 4/5/2016 NOK 64.25
National Westminster Bank P 1.19 USD
Scandinavian Airlines Syste 0.63 CHF 27.50
CIMPOR Financial Operations 5.75 7/17/2024 USD 71.00
Iona Energy Co UK PLC 12.50 9/27/2018 USD 3.38
Dexia Kommunalbank Deutschl 4.88 12/31/2016 EUR 24.13
Hybrid Raising GmbH 6.63 EUR 18.88
Assystem 4.00 1/1/2017 EUR 24.87
Heta Asset Resolution AG 0.61 1/24/2017 EUR 25.50
Eurobank Ergasias SA 1.39 6/8/2017 EUR 69.38
World Wide Supply AS 7.75 5/26/2017 USD 27.00
Afren PLC 10.25 4/8/2019 USD 0.30
Farstad Shipping ASA 5.30 2/15/2017 NOK 52.38
Atlantic Offshore AS 8.52 5/16/2018 NOK 28.88
Prosafe SE 4.92 1/17/2020 NOK 50.00
Boardriders SA 9.50 12/15/2020 EUR 72.25
REC Silicon ASA 6.50 9/11/2018 USD 73.33
NTRP Via Interpipe Ltd 10.25 8/2/2017 USD 29.50
Gol LuxCo SA 8.88 1/24/2022 USD 39.25
ESFIL-Espirito Santo Financ 5.25 6/12/2015 EUR 1.44
Havila Shipping ASA 9.56 8/30/2016 NOK 20.13
Bank Nadra via NDR Finance 8.25 7/31/2018 USD 0.70
Vedanta Resources PLC 8.25 6/7/2021 USD 53.00
Novo Banco SA 5.00 2/24/2022 EUR 72.50
OGX Austria GmbH 8.38 4/1/2022 USD 0.08
BNP Paribas SA 0.61 USD 59.75
DNB Bank ASA 1.03 USD 54.88
Espirito Santo Financial Gr 6.88 10/21/2019 EUR 0.06
Banco Espanol de Credito SA 0.99 EUR 52.50
Oi Brasil Holdings Cooperat 5.63 6/22/2021 EUR 24.00
DOF ASA 8.38 2/7/2017 NOK 59.25
Spirit Issuer PLC 1.14 12/28/2028 GBP
Aralco Finance SA 10.13 5/7/2020 USD 2.75
KCA Deutag UK Finance PLC 7.25 5/15/2021 USD 64.00
Dexia Kommunalbank Deutschl 5.63 12/31/2017 EUR 13.13
Tonon Luxembourg SA 10.50 5/14/2024 USD 43.69
Phones4u Finance PLC 9.50 4/1/2018 GBP 55.63
Nordea Bank Norge ASA 0.81 USD 54.50
Prosafe SE 4.13 10/22/2018 NOK 65.88
Espirito Santo Financial Gr 3.13 12/2/2018 EUR 0.21
Jyske Bank A/S 1.16 EUR 49.38
Cirio Holding Luxembourg SA 6.25 2/16/2004 EUR 0.50
Offshore Drilling Holding S 8.38 9/20/2020 USD 47.50
Abengoa SA 5.13 3/5/2017 USD 13.00
Novo Banco SA 3.50 1/23/2043 EUR 56.25
SNS Bank NV 6.25 10/26/2020 EUR 3.84
Pescanova SA 5.13 4/20/2017 EUR 2.87
Songa Offshore 7.50 12/11/2018 NOK 47.63
Barclays Bank PLC 0.15 12/28/2040 EUR 54.48
Eniro AB 6.00 4/14/2020 SEK 40.83
Sidetur Finance BV 10.00 4/20/2016 USD 8.25
Banco Espirito Santo SA 2.52 EUR 1.27
IKB Deutsche Industriebank 5.63 3/31/2017 EUR 22.00
Pacific Drilling SA 5.38 6/1/2020 USD 28.25
Mitchells & Butlers Finance 2.72 6/15/2036 GBP 74.75
Ausy 3.25 1/1/2021 EUR 52.00
Societe Air France SA 2.75 4/1/2020 EUR 21.35
Societe Generale SA 0.44 USD 56.50
Ukreximbank Via Biz Finance 7.87 2/9/2023 USD 72.25
Oceanteam ASA 11.87 10/24/2017 USD 54.50
Electromagnetic Geoservices 7.02 6/27/2019 NOK 44.13
Popular Capital SA 0.68 EUR 41.00
Dexia Credit Local SA 1.54 EUR 11.50
NIBC Bank NV 1.84 USD 56.75
Cattles Ltd 7.13 7/5/2017 GBP 2.00
CBo Territoria 6.00 1/1/2020 EUR 3.91
Mobylife Holding A/S 7.25 5/23/2018 SEK 70.50
Mriya Agro Holding PLC 10.95 3/30/2016 USD 6.30
Vedanta Resources PLC 7.13 5/31/2023 USD 56.00
Touax SA 6.00 7/10/2020 EUR 16.46
Algeco Scotsman Global Fina 10.75 10/15/2019 USD 29.25
GNB - Cia de Seguros de Vid 3.27 EUR 62.80
Sydbank A/S 1.05 EUR 51.25
BDT Media Automation GmbH 8.13 10/9/2017 EUR 67.00
Mitchells & Butlers Finance 1.19 12/15/2033 GBP 73.69
Sazka AS 9.00 7/12/2021 EUR 0.00
Semper Idem Underberg GmbH 5.00 12/11/2018 EUR 73.38
Island Drilling Co ASA 9.50 4/3/2018 USD 16.25
NIBC Bank NV 0.66 EUR 47.75
National Westminster Bank P 0.94 USD
Barclays Bank PLC 0.88 USD 54.06
International Industrial Ba 9.00 7/6/2011 EUR 0.49
VistaJet Malta Finance PLC 7.75 6/1/2020 USD 45.00
E Forland AS 7.80 9/4/2018 NOK 56.13
Kaupthing ehf 5.75 10/4/2011 USD 17.63
Vseukrainsky Aktsinerny Ban 10.90 6/14/2019 USD 1.13
Elli Investments Ltd 12.25 6/15/2020 GBP 36.13
Jyske Bank A/S 0.76 EUR 49.63
Farstad Shipping ASA 4.46 5/29/2018 NOK 44.25
Societe Generale SA 1.03 EUR 57.00
DOF ASA 8.02 9/12/2019 NOK 50.00
Novo Banco SA 3.50 3/18/2043 EUR 56.25
Viking Supply Ships AS 9.25 3/21/2017 NOK 29.75
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.37
Virgolino de Oliveira Finan 10.88 1/13/2020 USD 20.00
DOF Subsea AS 6.18 5/22/2018 NOK 73.75
Pescanova SA 8.75 2/17/2019 EUR 3.31
Finance and Credit Bank JSC 9.25 1/25/2019 USD 1.04
SNS Bank NV 11.25 EUR 0.53
Cirio Finanziaria SpA 8.00 12/21/2005 EUR 4.25
Constellium NV 5.75 5/15/2024 USD 77.75
Credit Lyonnais SA 1.81 EUR 53.20
CSN Resources SA 6.50 7/21/2020 USD 47.00
Nuova Banca delle Marche Sp 0.93 6/15/2016 EUR 0.90
Rena GmbH 8.25 7/11/2018 EUR 8.63
JZ Capital Partners Ltd 6.00 7/30/2021 GBP 10.45
Corporate Commercial Bank A 8.25 8/8/2014 USD 0.90
Kaupthing ehf 9.00 USD 0.13
DOF ASA 5.88 2/7/2018 NOK 53.00
Banca Carige SpA 1.76 12/29/2018 EUR 54.00
Breeze Finance SA 6.71 4/19/2027 EUR 39.00
Northland Resources AB 4.00 10/15/2020 USD 0.01
DNB Bank ASA 0.94 USD 55.50
CEVA Group PLC 12.75 3/31/2020 USD 72.63
Golden Energy Offshore Serv 8.31 5/28/2017 NOK 20.75
Paragon Offshore PLC 7.25 8/15/2024 USD 26.25
Laurel GmbH 7.13 11/16/2017 EUR 26.13
Heta Asset Resolution AG 5.92 2/22/2022 EUR 28.50
Abengoa Finance SAU 8.88 2/5/2018 EUR 9.75
Eramet 5.10 5/28/2026 EUR 65.50
friedola Gebr Holzapfel Gmb 7.25 4/11/2017 EUR 3.55
BNP Paribas SA 1.86 4/30/2033 USD 62.00
TGC-2 OJSC 12.00 10/10/2018 RUB 52.45
TradeDoubler AB 6.75 12/20/2018 SEK 74.50
National Westminster Bank P 1.13 USD 61.00
Tonon Luxembourg SA 7.25 1/24/2020 USD 10.25
Royal Bank of Scotland Grou 1.13 USD
Havila Shipping ASA 5.51 3/30/2017 NOK 50.00
Smart Solutions GmbH 8.00 12/3/2018 EUR 54.88
Heta Asset Resolution AG 4.35 11/3/2016 EUR 23.38
KA Finanz AG 5.43 2/13/2024 EUR 67.00
Immigon Portfolioabbau AG 7.00 3/6/2021 EUR 16.00
Avanti Communications Group 10.00 10/1/2019 USD 76.00
LBI HF 6.25 EUR 0.00
Cooperatieve Rabobank UA 0.50 11/26/2021 ZAR 57.70
Heta Asset Resolution AG 1.91 9/29/2016 JPY 70.00
Barclays Bank PLC 2.62 4/19/2033 USD 68.25
Heta Asset Resolution AG 3.42 11/7/2016 EUR 73.25
Dannemora Mineral AB 11.75 3/22/2016 USD 0.14
IGas Energy PLC 10.00 12/11/2018 USD 50.00
Immigon Portfolioabbau AG 8.85 7/26/2024 EUR 15.00
Deutsche Bank AG/London 4.04 11/26/2034 USD 71.85
Abengoa Finance SAU 6.00 3/31/2021 EUR 9.50
Alpha Bank AE 1.54 2/1/2017 EUR 60.13
Takko Luxembourg 2 SCA 6.86 4/15/2019 EUR 47.42
Koninklijke Luchtvaart Maat 0.75 CHF 36.50
Norske Skogindustrier ASA 7.13 10/15/2033 USD 14.50
Dexia SA 4.89 EUR 8.63
Comune di Verona 0.09 12/1/2026 EUR 66.90
Codere Finance Luxembourg S 9.25 2/15/2019 USD 70.00
Gebr Sanders GmbH & Co KG 8.75 10/22/2018 EUR 72.25
Hellenic Republic Governmen 5.20 7/17/2034 EUR 58.88
Danske Bank Oyj 1.37 EUR 66.00
Eroski S Coop 3.02 EUR 43.42
Ajecorp BV 6.50 5/14/2022 USD 32.25
Lehman Brothers UK Capital 5.13 EUR 0.00
Brunswick Rail Finance Ltd 6.50 11/1/2017 USD 40.25
Novo Banco SA 3.50 2/19/2043 EUR 56.25
Alpine Holding GmbH 6.00 5/22/2017 EUR 0.00
Olympic Ship AS 6.01 6/18/2019 NOK 29.38
SiC Processing GmbH 7.13 3/1/2016 EUR 1.39
Barclays Bank PLC 10.00 3/28/2034 USD 74.75
Abengoa SA 5.13 3/5/2017 USD 13.00
Autonomous Community of Cat 1.16 9/8/2024 EUR 70.58
Metinvest BV 10.50 11/28/2017 USD 44.50
HPI AG 9.00 7/1/2016 EUR 15.00
Afren PLC 11.50 2/1/2016 USD 0.83
Kaupthing ehf 7.13 5/19/2016 USD 0.00
Lehman Brothers Treasury Co 6.00 11/2/2035 EUR 16.25
Petrol AD 8.38 1/26/2017 EUR 23.25
Global PVQ SE 6.75 10/21/2015 EUR 1.04
Deutsche Bank AG/London 1.37 3/15/2033 USD 66.00
Veneto Banca SpA 6.95 2/25/2025 EUR 64.00
Hellas Telecommunications L 8.50 10/15/2013 EUR 0.01
Travel24.com AG 7.50 9/17/2017 EUR 29.10
Rena GmbH 7.00 12/15/2015 EUR 8.63
CHC Helicopter SA 9.25 10/15/2020 USD 40.63
Solstad Offshore ASA 4.52 6/24/2019 NOK 61.88
Barclays Bank PLC 1.67 3/21/2033 USD 67.81
Havila Shipping ASA 8.60 3/30/2017 NOK 46.25
Karlie Group GmbH 6.75 6/25/2018 EUR 32.00
CRC Breeze Finance SA 6.11 5/8/2016 EUR 46.63
Banco Espirito Santo SA 6.90 6/28/2024 EUR 24.00
Selectirente 3.50 1/1/2020 EUR
International Industrial Ba 11.00 2/19/2013 USD 0.23
Sairgroup Finance BV 4.38 6/8/2006 EUR 18.25
Afren PLC 10.25 4/8/2019 USD 0.30
Cirio Del Monte NV 7.75 3/14/2005 EUR 4.35
Deutsche Bank AG/London 4.32 6/30/2034 USD 68.65
BOA Offshore AS 7.76 12/18/2018 NOK 31.75
Santander Finance Capital S 2.00 EUR 28.88
QGOG Constellation SA 6.25 11/9/2019 USD 51.00
CGG SA 6.88 1/15/2022 USD 39.63
SeaBird Exploration Finance 6.00 3/3/2018 USD 19.75
Lehman Brothers Treasury Co 7.25 10/5/2035 EUR 13.88
Landesbeteiligungen Baden-W 1.45 6/15/2046 EUR 100.87
Olympic Ship AS 7.05 9/21/2017 NOK 44.38
More & More AG 8.13 6/11/2018 EUR 41.88
Afren PLC 6.63 12/9/2020 USD 0.30
PA Resources AB 13.50 3/3/2016 SEK 0.25
Hellenic Republic Governmen 2.09 7/25/2057 EUR 33.63
Heta Asset Resolution AG 0.23 12/18/2030 EUR 25.75
GNB - Cia de Seguros de Vid 1.97 12/19/2022 EUR 68.80
Teksid Aluminum Luxembourg 11.38 7/15/2011 EUR 0.05
Northland Resources AB 15.00 7/15/2019 USD 1.00
Boardriders SA 9.50 12/15/2020 EUR 72.25
Commerzbank Holdings UK Ltd 1.06 USD 62.88
Pescanova SA 6.75 3/5/2015 EUR 2.99
Lehman Brothers Treasury Co 7.00 5/17/2035 EUR 13.88
Sairgroup Finance BV 6.63 10/6/2010 EUR 19.88
MS Deutschland Beteiligungs 6.88 12/18/2017 EUR 8.02
Air Berlin Finance BV 1.50 4/11/2027 EUR 70.63
Frey 6.00 11/15/2022 EUR 21.50
Cirio Finance Luxembourg SA 7.50 11/3/2002 EUR 9.38
Cyprus Popular Bank PCL 1.55 5/26/2016 EUR 0.64
Alpine Holding GmbH 5.25 6/10/2016 EUR 0.00
Avanti Communications Group 10.00 10/1/2019 USD 65.25
IT Holding Finance SA 9.88 11/15/2012 EUR 0.01
Accentro Real Estate AG 6.25 3/27/2019 EUR 4.95
Talvivaara Mining Co PLC 9.75 4/4/2017 EUR 0.09
Societe Alsacienne et Lorra 1.63 1/1/2022 EUR 59.99
Ferrexpo Finance PLC 10.38 4/7/2019 USD 55.75
State of Carinthia 0.75 7/20/2017 CHF 0.20
Kaupthing ehf 7.50 2/1/2045 USD 0.00
Depfa Funding III LP 1.35 EUR
Havila Shipping ASA 4.85 11/8/2016 NOK 51.38
Immigon Portfolioabbau AG 8.85 7/26/2019 EUR 15.00
Virgolino de Oliveira Finan 10.50 1/28/2018 USD 3.25
RENE LEZARD Mode GmbH 7.25 11/25/2017 EUR 30.50
Minicentrales Dos SA 4.81 11/29/2034 EUR 62.63
Strenesse AG 9.00 3/15/2017 EUR 40.00
Mox Telecom AG 7.25 11/2/2017 EUR 2.92
Lloyds Bank PLC 3.94 12/27/2028 USD 75.00
Novo Banco SA 3.00 12/16/2021 EUR 62.63
Lehman Brothers Treasury Co 6.00 2/15/2035 EUR 13.88
Belfius Bank SA/NV 1.86 FRF 69.75
CEVA Group PLC 9.00 9/1/2021 USD 66.75
Abanka Vipa DD Via Afinance 1.74 EUR 0.41
PA Resources AB 3.00 12/27/2017 NOK 0.20
Tonon Luxembourg SA 10.50 5/14/2024 USD 43.69
Lehman Brothers UK Capital 5.75 EUR 0.01
KPNQwest NV 10.00 3/15/2012 EUR 0.57
OGX Austria GmbH 8.50 6/1/2018 USD 0.11
Alno AG 8.00 3/21/2019 EUR 73.00
CGG SA 5.88 5/15/2020 EUR 47.63
Norske Skog Holding AS 8.00 2/24/2023 USD 22.63
Abengoa Finance SAU 7.00 4/15/2020 EUR 9.13
OGX Austria GmbH 8.38 4/1/2022 USD 0.08
Havyard Group ASA 6.52 6/13/2017 NOK 55.00
Indo Energy Finance II BV 6.38 1/24/2023 USD 44.58
Windreich GmbH 6.50 7/15/2016 EUR 10.88
Immigon Portfolioabbau AG 4.50 9/7/2020 EUR 1.00
Ovako AB 6.50 6/1/2019 EUR 74.75
Rem Offshore ASA 6.27 9/25/2019 NOK 30.75
CEVA Group PLC 12.75 3/31/2020 USD 90.00
Mechel 8.40 6/1/2021 RUB 71.61
Grupo Isolux Corsan Finance 6.63 4/15/2021 EUR 30.75
Metinvest BV 8.75 2/14/2018 USD 42.50
Getin Noble Bank SA 4.74 3/12/2021 PLN 71.02
Waste Italia SpA 10.50 11/15/2019 EUR 24.63
LBI HF 7.43 USD 0.00
Lloyds Bank PLC 2.62 4/26/2033 USD 65.00
KA Finanz AG 4.90 6/23/2031 EUR 64.63
Codere Finance Luxembourg S 9.25 2/15/2019 USD 70.00
Volkswagen Bank Rus OOO 9.35 6/29/2019 RUB 60.20
Paragon Offshore PLC 6.75 7/15/2022 USD 23.75
Norske Skog AS 11.75 12/15/2019 EUR 62.38
Windreich GmbH 6.50 3/1/2015 EUR 10.88
Geotech Seismic Services PJ 10.50 10/17/2018 RUB 56.50
Ferrexpo Finance PLC 10.38 4/7/2019 USD 67.22
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 0.59
Barclays Bank PLC 5.84 10/10/2029 USD 73.56
Abengoa Greenfield SA 5.50 10/1/2019 EUR 9.00
Heta Asset Resolution AG 0.08 9/11/2017 EUR 27.38
Region of Piemont Italy 0.12 11/27/2036 EUR 62.65
Far East Capital Ltd SA 8.00 5/2/2018 USD 52.00
Heta Asset Resolution AG 0.45 11/29/2032 EUR 30.00
Espirito Santo Financial Gr 9.75 12/19/2025 EUR 1.07
Banco Pastor SA 2.18 EUR 28.13
HPI AG 9.00 12/1/2016 EUR 11.00
Bank Nederlandse Gemeenten 0.50 8/9/2022 MXN 72.61
Del Monte Finance Luxembour 6.63 5/24/2006 EUR 7.88
Hypo Tirol Bank AG 0.30 7/23/2026 EUR 68.38
Deutsche Bank AG 1.32 6/28/2033 USD 63.85
Heta Asset Resolution AG 4.25 5/31/2016 EUR 68.75
Golden Gate AG 6.50 10/11/2014 EUR 43.20
Hema Bondco I BV 6.25 6/15/2019 EUR 73.13
CHC Helicopter SA 9.25 10/15/2020 USD 40.63
Nationwide Building Society 1.09 GBP 70.00
Indo Energy Finance BV 7.00 5/7/2018 USD 48.00
Santander Finance Capital S 2.00 EUR 27.25
Royal Bank of Scotland PLC/ 0.63 11/16/2030 USD 73.50
HSBC France SA 1.03 EUR 50.00
WGF Westfaelische Grundbesi 6.35 12/1/2016 EUR 3.50
APP International Finance C 11.75 10/1/2005 USD 0.25
Region of Abruzzo Italy 0.38 11/7/2036 EUR 64.81
Portigon AG 7.46 12/31/2019 EUR 14.25
Andrade Gutierrez Internati 4.00 4/30/2018 USD 62.80
UniCredit Bank Austria AG 0.33 8/20/2033 EUR 62.38
Minicentrales Dos SA 6.45 4/14/2028 EUR 62.63
Immigon Portfolioabbau AG 7.00 3/8/2021 EUR 5.00
Banca Popolare di Vicenza 5.00 6/4/2024 EUR 54.90
UniCredit Bank Austria AG 0.24 12/27/2031 EUR 65.25
IM Skaugen SE 9.31 6/30/2016 NOK 66.00
Caixa Geral de Depositos SA 1.50 11/5/2018 EUR 64.13
Immigon Portfolioabbau AG 8.85 7/26/2025 EUR 15.00
Heta Asset Resolution AG 0.09 9/26/2043 EUR 69.00
Barclays Bank PLC 1.78 5/31/2033 USD 67.75
SAG Solarstrom AG 6.25 12/14/2015 EUR 45.00
Lloyds Bank PLC 2.06 2/22/2033 USD 63.66
Lehman Brothers Treasury Co 5.00 2/16/2015 EUR 13.88
Rem Offshore ASA 6.77 3/14/2018 NOK 36.25
getgoods.de AG 7.75 10/2/2017 EUR 0.25
UKRLANDFARMING PLC 10.88 3/26/2018 USD 31.25
Ideal Standard Internationa 11.75 5/1/2018 EUR 13.75
AgroGeneration 8.00 4/1/2019 EUR 69.41
Lehman Brothers Treasury Co 8.25 3/16/2035 EUR 13.88
IKB Deutsche Industriebank 4.70 3/31/2017 EUR 23.30
VEB-Leasing OAO 13.50 2/20/2025 RUB 100.00
Petromena ASA 10.85 11/19/2014 USD 0.52
KPNQwest NV 8.88 2/1/2008 EUR 0.57
Frigoglass Finance BV 8.25 5/15/2018 EUR 53.09
Abengoa SA 6.25 1/17/2019 EUR 8.63
Lloyds Bank PLC 2.00 1/31/2033 USD 65.55
wige MEDIA AG 6.00 3/17/2019 EUR 1.92
Espirito Santo Financial Po 5.13 5/30/2016 EUR 3.61
BLT Finance BV 12.00 2/10/2015 USD 10.50
Gunther Zamek Produktions-U 7.75 5/15/2017 EUR 1.41
Tinkoff Credit Systems Bank 12.50 5/24/2016 RUB 100.00
Privatbank CJSC Via UK SPV 10.88 2/28/2018 USD 70.38
Governo Portugues Consolida 2.75 EUR 63.00
Heta Asset Resolution AG 5.27 4/7/2028 EUR 26.38
InterGen NV 7.00 6/30/2023 USD 68.25
Mifa Mitteldeutsche Fahrrad 7.50 8/12/2018 EUR 3.20
Mechel 8.40 5/27/2021 RUB 70.67
Heta Asset Resolution AG 7.50 5/27/2024 ATS 27.63
Oceanic Champion AS 8.00 2/20/2020 USD 73.71
Heta Asset Resolution AG 0.45 5/31/2016 EUR 71.63
PNE Wind AG 3.75 10/10/2019 EUR 2.80
IVG Immobilien AG 5.62 EUR 0.00
Aralco Finance SA 10.13 5/7/2020 USD 1.00
Virgolino de Oliveira Finan 10.88 1/13/2020 USD 18.75
Finmek International SA 7.00 12/3/2004 EUR 0.13
Rosneft OAO 7.95 12/11/2023 RUB 90.00
Immigon Portfolioabbau AG 6.00 3/30/2017 EUR 59.00
German Pellets GmbH 8.00 EUR 0.60
Northland Resources AB 4.00 10/15/2020 NOK 0.01
Immigon Portfolioabbau AG 7.00 7/24/2022 EUR 12.50
Depfa Funding II LP 6.50 EUR 55.25
Hema Bondco I BV 5.25 6/15/2019 EUR 69.76
LBI HF 2.25 2/14/2011 CHF 8.50
Getin Noble Bank SA 4.77 7/10/2020 PLN 74.80
Solarworld AG 6.38 7/13/2016 EUR 42.63
Societe Generale SA 7.72 EUR 70.00
Heta Asset Resolution AG 4.63 3/4/2018 EUR 69.38
Alpine Holding GmbH 5.25 7/1/2015 EUR 0.00
Solon SE 1.38 12/6/2012 EUR 0.33
Espirito Santo Financial Gr 5.05 11/15/2025 EUR 0.83
HSBC Bank PLC 0.50 7/30/2027 NZD 61.25
Marine Subsea AS 9.00 12/16/2019 USD 0.50
Metinvest BV 10.25 5/27/2016 USD 43.87
Credit Suisse AG/Guernsey 0.88 USD
Takko Luxembourg 2 SCA 9.88 4/15/2019 EUR 56.13
Italy Government Internatio 0.40 7/31/2045 EUR 73.56
Mechel 8.40 5/27/2021 RUB 71.00
Plaza Centers NV 6.90 12/31/2019 ILS 72.97
Barclays Bank PLC 2.28 6/17/2033 USD 70.81
LBI HF 6.10 8/25/2011 USD 12.13
Lloyds Bank PLC 3.68 7/29/2033 USD 72.50
Solarworld AG 6.13 1/21/2017 EUR 42.63
IM Skaugen SE 10.12 4/11/2017 NOK 36.50
Nuova Banca Popolare dell'E 1.76 9/28/2017 EUR 0.23
Banque Cantonale Vaudoise 6.00 5/26/2016 CHF 59.04
BIBBY Offshore Services PLC 7.50 6/15/2021 GBP 66.13
Banco Espirito Santo SA 10.00 12/6/2021 EUR 0.85
Lehman Brothers Treasury Co 2.88 3/14/2013 CHF 16.25
Alpha Bank AE 1.44 3/8/2017 EUR 68.50
Hellenic Bank PCL 11.00 EUR 46.13
Heta Asset Resolution AG 1.65 6/30/2019 CHF 69.00
Rosseti PJSC 11.85 5/26/2025 RUB 65.35
Raiffeisen Versicherung AG 5.08 EUR 22.88
SAir Group 5.13 3/1/2003 CHF 11.00
Kaupthing ehf 6.13 10/4/2016 USD 17.63
DEIKON GmbH 1.00 11/16/2016 EUR 41.00
Royal Bank of Scotland PLC/ 2.18 12/13/2028 USD 74.65
International Finance Facil 0.50 6/29/2020 ZAR 66.65
Orient Express Bank PJSC 13.60 8/9/2018 RUB 48.00
Lehman Brothers Treasury Co 5.10 5/8/2017 HKD 13.88
ADLER Real Estate AG 6.00 6/30/2017 EUR 10.50
Transaero Airlines 16.00 10/25/2018 RUB 0.17
Penell GmbH Elektrogroshand 7.75 6/10/2019 EUR 6.10
Banco Comercial Portugues S 5.00 EUR 68.00
LBI HF 4.65 EUR 0.00
Nordea Bank Finland Abp 4.35 4/20/2020 SEK 72.00
KPNQwest NV 7.13 6/1/2009 EUR 0.57
Codere Finance Luxembourg S 8.25 6/15/2015 EUR 70.00
Norske Skogindustrier ASA 7.13 10/15/2033 USD 14.88
Region of Abruzzo Italy 0.22 11/7/2031 EUR 71.71
Astana Finance BV 7.88 6/8/2010 EUR 16.88
UniCredit Bank Austria AG 0.20 1/25/2031 EUR 64.38
UniCredit Bank Austria AG 0.26 12/31/2031 EUR 65.00
Kommunekredit 0.50 10/22/2019 BRL 67.26
Jasper Explorer PLC 13.50 5/27/2016 USD 3.40
Heta Asset Resolution AG 4.88 9/18/2017 EUR 27.63
Ecureuil Vie Developpement 0.72 EUR 17.63
Nuova Banca Popolare dell'E 1.21 7/14/2016 EUR 0.73
SNS Bank NV 2.61 EUR 0.39
Hamburgische Landesbank Gir 0.22 10/30/2040 EUR 62.37
Russian Helicopters JSC 11.90 1/15/2026 RUB 100.03
Stroika Finance Ltd Via Eme 7.70 6/25/2019 RUB 12.00
Heta Asset Resolution AG 0.08 8/12/2017 EUR 69.00
Heta Asset Resolution AG 4.54 9/22/2017 EUR 69.00
Phones4u Finance PLC 9.50 4/1/2018 GBP 55.63
La Veggia Finance SPA 7.13 11/14/2004 EUR 0.00
Cooperatieve Rabobank UA 0.50 11/30/2027 MXN 46.37
Bank Nederlandse Gemeenten 0.50 7/12/2022 ZAR 54.42
BANIF - Banco Internacional 4.50 1/30/2025 EUR 71.00
Global PVQ Netherlands B.V. 1.38 4/30/2012 EUR 28.63
Montepio Holding SGPS SA 5.00 EUR 50.00
Autonomous Community of Cat 0.16 10/17/2022 EUR 72.68
OAS Investments GmbH 8.25 10/19/2019 USD 1.21
Gazprom PAO 16.60 10/21/2043 RUB 100.00
Heta Asset Resolution AG 0.08 4/9/2043 EUR 60.00
Solen AG 7.50 4/8/2016 EUR 1.50
Artea 6.00 8/4/2019 EUR 14.00
Western High-Speed Diameter 8.75 5/13/2031 RUB 98.90
Banco Espirito Santo SA 1.35 5/27/2018 EUR 0.85
Atari SA 0.10 4/1/2020 EUR 2.50
Russian Post FGUP 12.00 10/18/2019 RUB 61.50
SV Patrimonia 4.00 4/19/2016 EUR 60.00
Freshwater Finance PLC 6.06 10/17/2036 GBP 65.00
Cooperatieve Rabobank UA 0.50 10/29/2027 MXN 46.69
Hellenic Republic Governmen 2.27 2/7/2022 EUR 69.66
SAir Group 6.25 4/12/2005 CHF 11.13
Immigon Portfolioabbau AG 8.85 7/26/2020 EUR 15.00
Veneto Banca SpA 6.94 5/15/2025 EUR 57.75
Exane Finance 2.70 9/26/2016 USD 42.59
Depfa Funding IV LP 5.03 EUR 56.75
Vnesheconombank 11.20 11/23/2017 RUB 100.00
Barclays Bank PLC 1.52 3/28/2033 USD 69.30
Heta Asset Resolution AG 0.05 3/29/2017 EUR 69.13
Norske Skog Holding AS 8.00 2/24/2021 EUR 25.38
Bank Nederlandse Gemeenten 0.50 8/15/2022 ZAR 54.79
Norske Skog Holding AS 8.00 2/24/2023 USD 22.63
DEMIRE Real Estate AG 6.00 12/30/2018 EUR 3.60
Veneto Banca SpA 10.00 10/22/2022 EUR 52.63
Lehman Brothers Treasury Co 5.00 9/22/2014 EUR 13.88
Johnston Press Bond Plc 8.63 6/1/2019 GBP 69.75
Heta Asset Resolution AG 5.73 12/10/2021 EUR 28.25
Ekotechnika AG 9.75 5/10/2018 EUR 9.50
LBI HF 6.10 8/25/2011 USD 12.00
Societe Centrale des Bois e 9.00 7/1/2016 EUR 7.05
A-TEC Industries AG 8.75 10/27/2014 EUR 2.00
DTEK Finance PLC 7.88 4/4/2018 USD 37.25
Landesbank Hessen-Thueringe 0.34 5/3/2041 EUR 64.66
Locko-Bank ZAO 13.75 4/2/2020 RUB 60.17
Societe Generale SA 1.60 1/9/2020 GBP 1.07
Banco Espirito Santo SA 2.66 EUR 10.63
SpareBank 1 SR-Bank ASA 4.00 12/21/2030 EUR 75.04
Commerzbank AG 10.00 5/26/2016 EUR 45.65
Public Power Corp Finance P 5.50 5/1/2019 EUR 73.07
Svensk Exportkredit AB 0.50 1/31/2022 ZAR 57.26
Equity Release Funding No 3 2.69 4/26/2038 GBP
Hema Bondco II BV 8.50 12/15/2019 EUR 40.25
Raiffeisenlandesbank Nieder 5.00 7/1/2026 EUR 71.75
Atari SA 7.50 2/17/2020 EUR 0.21
PagesJaunes Finance & Co SC 8.88 6/1/2018 EUR 54.38
Nuova Banca Popolare dell'E 4.25 10/30/2016 EUR 0.24
HSBC Bank PLC 0.50 5/31/2019 IDR 74.03
Codere Finance Luxembourg S 8.25 6/15/2015 EUR 70.88
Lehman Brothers Treasury Co 4.00 2/16/2017 EUR 16.25
Kaupthing ehf 6.13 10/4/2016 USD 17.63
Kommunalkredit Austria AG 0.87 2/24/2026 EUR 74.33
Podkarpacki Bank Spoldzielc 5.80 3/31/2025 PLN 60.00
BNP Paribas Emissions- und 12.00 12/22/2016 EUR 64.13
International Finance Facil 0.50 6/24/2024 ZAR 44.02
BLT Finance BV 7.50 5/15/2014 USD 3.94
SAir Group 0.13 7/7/2005 CHF 11.13
Credit Suisse AG/London 10.00 8/29/2016 USD 33.93
Far East Capital Ltd SA 8.75 5/2/2020 USD 51.88
Raiffeisenbank AO 10.00 10/29/2018 RUB 60.25
BNP Paribas SA 0.50 7/20/2021 BRL 53.13
Gazprom PAO 16.60 10/21/2043 RUB 100.00
Heta Asset Resolution AG 6.94 6/10/2017 EUR 69.00
Kerdos Group SA 8.00 12/15/2017 PLN 18.09
Kaupthing ehf 5.25 7/18/2017 BGN 17.63
Russian Bank for Small and 8.25 11/26/2016 RUB 97.30
Virgolino de Oliveira Finan 11.75 2/9/2022 USD 3.35
OBRAZOVANIE AKIB AO 14.50 5/31/2018 RUB 62.68
Kaupthing ehf 7.13 5/19/2016 USD 0.00
Enemona AD-Kozloduy 10.00 4/28/2017 BGN 0.04
Sviaz Bank OAO 12.00 2/26/2018 RUB 99.90
SNS Bank NV 6.63 5/14/2018 EUR 3.83
Immigon Portfolioabbau AG 0.30 3/14/2020 EUR 70.41
Credit Suisse AG/London 3.00 11/15/2025 ZAR 56.02
CARPEVIGO AG 2.50 6/30/2016 EUR 20.00
Barclays Bank PLC 6.75 6/23/2017 USD 73.12
Tatfondbank PJSC 13.50 5/28/2025 RUB 63.07
BKN biostrom AG 7.50 6/5/2016 EUR 2.50
Banca Popolare di Vicenza 9.50 10/2/2025 EUR 70.88
Deutsche Bank AG/London 8.50 4/29/2016 USD 8.50
Reso-Leasing OOO 13.75 10/3/2025 RUB 98.41
Dolomite Capital Ltd 13.13 12/20/2019 ZAR 58.91
Skue Sparebank 2.28 NOK 68.39
Santander Finance Capital S 2.00 USD 37.38
Svensk Exportkredit AB 0.50 2/22/2022 ZAR 56.04
Credit Suisse AG/London 7.80 7/16/2025 USD 7.76
Region of Molise Italy 0.36 12/15/2033 EUR 67.35
Royal Bank of Scotland Grou 1.55 1/12/2046 EUR 57.00
Deutsche Bank AG/London 3.08 8/28/2034 USD 68.75
Lehman Brothers Treasury Co 4.50 5/2/2017 EUR 2.60
Lehman Brothers Treasury Co 6.00 3/14/2011 EUR 13.88
RSL Communications PLC 10.13 3/1/2008 USD 0.41
Caixa Geral de Depositos SA 0.53 11/13/2017 EUR 74.00
Kommunekredit 0.50 2/20/2020 BRL 65.05
Tatfondbank PJSC 14.50 2/3/2026 RUB 100.02
Immigon Portfolioabbau AG 1.42 7/29/2018 EUR 25.00
Deutsche Bank AG/London 1.66 1/31/2033 USD 63.75
Credit Agricole Corporate & 0.50 3/6/2023 RUB 53.90
Lehman Brothers Treasury Co 5.25 5/26/2026 EUR 2.60
Heta Asset Resolution AG 5.04 2/15/2023 EUR 69.00
ADLER Real Estate AG 6.00 12/27/2018 EUR 10.50
Eksportfinans ASA 0.50 5/9/2030 CAD 53.50
Norddeutsche Landesbank Gir 10.50 9/2/2016 EUR 69.49
LBI HF 3.00 12/7/2010 CHF 8.50
Exane Finance 6.25 12/20/2019 SEK
UniCredit Bank Austria AG 0.33 10/31/2031 EUR 63.50
Barclays Bank PLC 8.00 3/6/2018 USD
OT-Optima Telekom DD 5.25 5/30/2022 HRK 50.00
RSL Communications PLC 9.88 11/15/2009 USD 0.45
Immigon Portfolioabbau AG 5.26 2/5/2025 EUR 54.38
Kommunekredit 0.50 7/30/2027 TRY 30.25
A-TEC Industries AG 2.75 5/10/2014 EUR 2.00
HSBC Trinkaus & Burkhardt A 5.10 6/2/2016 EUR 58.27
Credit Suisse AG/London 9.50 5/23/2016 USD 30.44
SG Option Europe SA 7.00 5/5/2017 EUR 50.02
Astana Finance BV 9.00 11/16/2011 USD 16.88
Societe Generale SA 0.52 5/20/2016 USD 48.16
Hamburgische Landesbank Gir 0.24 1/22/2041 EUR 61.14
Lehman Brothers Treasury Co 5.00 3/18/2015 EUR 13.88
Lehman Brothers Treasury Co 4.00 12/2/2012 EUR 2.60
Lehman Brothers Treasury Co 3.03 1/31/2015 EUR 2.60
Lehman Brothers Treasury Co 4.00 10/24/2012 EUR 2.60
Lehman Brothers Treasury Co 6.00 10/30/2012 EUR 2.60
Lehman Brothers Treasury Co 11.00 12/20/2017 AUD 2.60
Lehman Brothers Treasury Co 1.00 5/9/2012 EUR 2.60
Solarwatt GmbH 7.00 11/1/2015 EUR 14.50
SpareBank 1 Nordvest 3.82 3/11/2099 NOK 54.63
Barclays Bank PLC 2.50 3/7/2017 EUR 51.60
Bank Julius Baer & Co Ltd/G 11.73 6/10/2016 CHF 58.35
Mriya Agro Holding PLC 9.45 4/19/2018 USD 8.88
Credit Europe Bank Ltd 13.75 9/5/2016 RUB 92.00
Burovoya Kompaniya Eurasia 8.40 6/20/2018 RUB 98.46
Agroton Public Ltd 6.00 7/14/2019 USD 10.00
Podkarpacki Bank Spoldzielc 5.77 7/2/2020 PLN 71.99
International Finance Facil 0.50 6/29/2027 ZAR 30.66
DekaBank Deutsche Girozentr 2.67 11/7/2016 EUR 67.01
Province of Brescia Italy 0.35 6/30/2036 EUR 65.48
Banca Popolare di Vicenza 4.97 4/20/2027 EUR 59.13
Heta Asset Resolution AG 0.05 3/29/2017 EUR 69.00
Sparebanken Sor 2.56 6/3/2025 NOK 74.56
Bank Julius Baer & Co Ltd/G 11.00 2/14/2017 USD 67.10
Barclays Bank PLC 7.12 10/4/2017 USD
BNP Paribas SA 0.50 12/20/2018 BRL 70.89
Heta Asset Resolution AG 3.90 1/24/2017 EUR 73.75
Nota-Bank OJSC 13.50 10/13/2016 RUB 31.50
Nuova Banca delle Marche Sp 7.75 6/30/2018 EUR 0.90
Societe Generale SA 1.88 2/28/2033 USD 72.40
Wlodarzewska SA 9.19 5/15/2016 PLN 65.10
Bank Julius Baer & Co Ltd/G 11.40 2/6/2017 USD 66.35
Landesbank Hessen-Thueringe 0.36 4/23/2041 EUR 68.00
Heta Asset Resolution AG 5.03 1/26/2017 EUR 28.13
MirLand Development Corp PL 6.00 11/30/2017 ILS 26.00
Credit Suisse AG 11.00 3/28/2016 USD 4.95
Elli Investments Ltd 12.25 6/15/2020 GBP 36.13
Svensk Exportkredit AB 0.50 8/28/2020 TRY 62.56
Lehman Brothers Treasury Co 11.75 3/1/2010 EUR 2.60
Notenstein Finance Guernsey 1.00 9/17/2019 CHF 59.35
HSBC Bank PLC 0.50 11/25/2025 BRL 37.29
Heta Asset Resolution AG 0.03 8/28/2017 EUR 70.00
Getin Noble Bank SA 4.80 11/9/2020 PLN 72.21
Erste Group Bank AG 2.90 10/20/2022 EUR 72.80
Barclays Bank PLC 10.00 12/16/2016 USD 8.80
Heta Asset Resolution AG 5.80 6/17/2017 EUR 69.00
Lehman Brothers Treasury Co 5.00 5/2/2022 EUR 2.60
Immigon Portfolioabbau AG 5.27 2/8/2027 EUR 62.75
Lehman Brothers Treasury Co 5.00 2/27/2014 EUR 13.88
SAir Group 6.25 10/27/2002 CHF 11.13
Takko Luxembourg 2 SCA 6.86 4/15/2019 EUR 47.42
Heta Asset Resolution AG 5.68 7/5/2017 EUR 69.00
Heta Asset Resolution AG 3.72 3/15/2017 EUR 69.00
SAir Group 4.25 2/2/2007 CHF 11.25
Province of Milan Italy 0.21 12/22/2033 EUR 69.73
BAWAG PSK Versicherungs AG 1.33 EUR 54.91
Vnesheconombank 2.00 6/18/2021 RUB 64.93
Lehman Brothers Treasury Co 11.00 7/4/2011 CHF 2.60
Lehman Brothers Treasury Co 15.00 6/4/2009 CHF 2.60
National Developing Co 15.00 7/19/2018 RUB 100.10
SAG Solarstrom AG 7.50 7/10/2017 EUR 45.00
Heta Asset Resolution AG 0.52 9/20/2017 EUR 27.63
Araratbank OJSC 7.25 6/27/2018 USD 25.33
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 61.35
Heta Asset Resolution AG 0.04 3/4/2018 EUR 69.00
East Syberian Mortgage Agen 8.75 8/11/2046 RUB 57.01
Credit Suisse AG/London 6.25 3/29/2016 CHF 65.10
Bank Nederlandse Gemeenten 0.50 9/20/2022 MXN 72.65
HSBC Bank PLC 0.50 12/29/2026 AUD 65.21
Europlan PAO 12.50 10/31/2017 RUB 98.81
Lehman Brothers Treasury Co 4.00 4/13/2011 CHF 2.60
Heta Asset Resolution AG 0.06 3/12/2043 EUR 69.00
ffk environment GmbH 7.25 6/1/2016 EUR 2.60
UniCredit Bank AG 5.20 6/20/2016 EUR 52.53
Svensk Exportkredit AB 0.50 4/25/2019 BRL 69.62
Absolut Bank PAO 12.00 5/28/2018 RUB 60.01
Activa Resources AG 8.00 11/15/2017 EUR 68.00
Lloyds Bank PLC 0.50 4/24/2019 BRL 70.98
Bank Nederlandse Gemeenten 0.50 6/7/2022 ZAR 55.84
Mortgage Agent KHMB-1 9.20 8/25/2045 RUB 97.70
Russian Post FGUP 2.75 12/6/2023 RUB 99.43
SAir Group 2.13 11/4/2004 CHF 11.13
Podkarpacki Bank Spoldzielc 5.01 10/6/2021 PLN 58.00
Global PVQ Netherlands B.V. 5.75 5/26/2014 EUR 28.00
Immigon Portfolioabbau AG 3.55 4/12/2022 EUR 15.00
Exane Finance 5.00 12/20/2019 SEK
Region Kapital OOO 18.00 10/23/2017 RUB 100.00
Sidetur Finance BV 10.00 4/20/2016 USD 7.63
Melhus Sparebank 2.62 9/16/2024 NOK 69.96
Credit Suisse AG/London 1.64 6/1/2042 USD 50.24
Bank Nederlandse Gemeenten 0.50 5/12/2021 ZAR 62.05
Immigon Portfolioabbau AG 5.05 8/5/2030 EUR 43.50
Ideal Standard Internationa 11.75 5/1/2018 EUR 13.75
Moscow United Electric Grid 11.00 9/12/2024 RUB 104.13
Lehman Brothers Treasury Co 1.46 2/19/2012 JPY 13.88
HPI AG 4.50 12/1/2016 EUR 28.60
Republika Srpska 1.50 9/25/2026 BAM 71.51
Dresdner Bank AG 0.58 11/19/2029 EUR 63.63
UBS AG/London 12.00 11/4/2016 CHF 33.20
VEB-Leasing OAO 13.09 6/23/2020 RUB 61.85
Western High-Speed Diameter 9.15 2/6/2032 RUB 60.11
Lehman Brothers Treasury Co 5.00 5/12/2011 CHF 2.60
Rusfinans Bank OOO 12.10 9/29/2020 RUB 61.01
Salvator Grundbesitz-AG 9.50 EUR 37.50
Bayerische Landesbank 5.00 12/19/2016 EUR 73.38
Credit Suisse AG/London 7.00 4/25/2016 CHF 73.15
Landesbank Hessen-Thueringe 5.50 5/27/2016 EUR 60.70
Blaker Sparebank 4.77 NOK 72.82
A-TEC Industries AG 5.75 11/2/2010 EUR 2.00
Lehman Brothers Treasury Co 6.65 8/24/2011 AUD 13.88
MirLand Development Corp PL 8.50 8/31/2016 ILS 25.50
Lehman Brothers Treasury Co 7.00 11/26/2013 EUR 13.88
RZD Rasvytie vokzalov 12.50 10/21/2016 RUB 9.99
Svensk Exportkredit AB 0.50 6/29/2029 AUD 58.43
Vnesheconombank 11.50 8/20/2020 RUB 100.50
KPNQwest NV 8.13 6/1/2009 USD 0.57
Orient Express Bank PJSC 18.00 5/28/2020 RUB 90.00
Bank National Factoring Co 14.00 10/17/2016 RUB 95.00
Heta Asset Resolution AG 0.11 7/1/2017 EUR 69.00
Univer Capital LLC 12.00 3/6/2019 RUB 62.70
Landesbank Hessen-Thueringe 3.83 8/18/2016 EUR 73.00
Ingra DD 6.13 12/6/2016 HRK 12.99
Nuova Banca Popolare dell'E 3.50 6/28/2018 EUR 0.24
Ukreximbank Via Biz Finance 7.87 2/9/2023 USD 72.00
Barclays Bank PLC 8.75 3/30/2016 USD 64.00
Baltijskij Bereg ZAO 8.25 12/22/2017 RUB 29.52
Freshwater Finance PLC 6.18 4/20/2035 GBP 67.63
Ipotechny Agent Moskovsky 7.00 9/17/2028 RUB 67.63
ENEL RUSSIA PJSC 12.10 5/22/2025 RUB 102.30
Metalloinvest Holding Co OA 0.01 3/10/2022 RUB 75.00
Ladya Finans LLC 12.00 10/29/2021 RUB 60.55
Heta Asset Resolution AG 4.40 6/20/2017 EUR 69.00
Espirito Santo Financial Gr 5.05 11/15/2025 EUR 0.69
Societe Generale SA 13.44 2/9/2017 USD 68.23
Kaupthing ehf 9.75 9/10/2015 USD 17.63
UBS AG 12.75 3/29/2016 EUR 54.35
Bank Nederlandse Gemeenten 0.50 6/22/2021 ZAR 61.72
Oberoesterreichische Landes 0.32 11/6/2030 EUR 61.75
HSBC Bank PLC 0.50 5/29/2020 IDR 66.91
Heta Asset Resolution AG 4.70 4/2/2018 EUR 69.00
Lehman Brothers Treasury Co 4.00 7/20/2012 EUR 2.60
Kerdos Group SA 8.00 3/9/2018 PLN 49.00
Heta Asset Resolution AG 0.83 5/28/2017 EUR 69.63
COFIDUR SA 0.10 12/31/2024 EUR 15.16
Heta Asset Resolution AG 0.04 3/10/2018 EUR 69.00
Heta Asset Resolution AG 0.21 4/9/2018 EUR 69.00
Lehman Brothers Treasury Co 8.00 4/20/2009 EUR 2.60
Heta Asset Resolution AG 0.20 4/22/2018 EUR 69.00
Northland Resources AB 15.00 7/15/2019 USD 1.00
Credit Suisse AG/London 8.00 7/31/2020 USD 9.50
RSL Communications PLC 10.50 11/15/2008 USD 0.41
Deutsche Bank AG 8.50 1/27/2017 USD 9.85
BNP Paribas SA 0.50 10/19/2018 TRY
Akademiska Hus AB 2.08 4/17/2045 SEK 74.01
CaixaBank SA 1.71 EUR 79.13
Rusfinans Bank OOO 13.90 4/24/2018 RUB 62.40
Banca delle Marche SpA 6.00 6/12/2018 EUR 0.75
Araratbank OJSC 8.50 6/13/2016 USD 25.16
Konservenfabrik Zachow GmbH 8.00 4/1/2016 EUR 0.20
Credit Europe Bank Ltd 14.50 6/5/2018 RUB 60.01
Credit Europe Bank Ltd 15.00 4/6/2018 RUB 60.13
Lehman Brothers Treasury Co 3.86 9/21/2011 SGD 16.25
Alpha Bank AE 2.50 6/20/2022 EUR 55.77
Finans-Avia OOO 8.25 7/31/2022 RUB 62.84
Oravita City Council 2.61 6/15/2027 RON 68.00
MORTGAGE AGENT AHML 13-1 8.50 9/9/2045 RUB 60.00
LBBW 3.43 8/26/2016 EUR 63.34
HSBC Bank PLC 0.50 1/29/2027 NZD 62.44
KFW 0.25 10/6/2036 CAD 38.95
Lehman Brothers Treasury Co 7.63 7/22/2011 HKD 2.60
SG Issuer SA 4.21 7/10/2020 EUR 69.74
Mechel 8.00 2/9/2021 RUB 60.00
Municipiul Timisoara 0.69 5/12/2026 RON 60.00
Societe Generale SA 8.40 5/24/2016 USD 55.41
Anglian Water Services Fina 1.08 1/26/2057 GBP 63.40
Vontobel Financial Products 7.55 6/24/2016 EUR 73.18
Mobile TeleSystems PJSC 5.00 6/29/2021 RUB 68.88
Bank Otkritie Financial Cor 12.00 2/28/2017 RUB 98.71
Societe Generale SA 12/28/2029 USD 72.50
Cooperatieve Rabobank UA 0.50 12/29/2027 MXN 46.89
Emova Group 4.30 5/2/2022 EUR
UniCredit Bank AG 4.00 3/21/2017 EUR 64.80
Municipality Finance PLC 0.50 11/25/2020 ZAR 64.70
HSBC Bank PLC 0.50 7/30/2019 IDR 73.57
Heta Asset Resolution AG 0.16 5/17/2017 EUR 69.00
Lehman Brothers Treasury Co 8.00 12/27/2032 JPY 2.60
Heta Asset Resolution AG 0.17 5/10/2017 EUR 69.00
Heta Asset Resolution AG 0.07 7/28/2017 EUR 69.00
Finans-Avia OOO 0.01 7/31/2027 RUB 13.25
Pongs & Zahn AG 8.50 EUR 0.30
Cooperatieve Rabobank UA 0.50 8/21/2028 MXN 44.70
Vegarshei Sparebank 5.16 NOK 66.31
Kaupthing ehf 7.00 7/24/2009 ISK 17.63
Bayerische Landesbank 5.00 10/17/2016 EUR 51.32
Municipality Finance PLC 0.50 8/8/2029 NZD 59.01
Svensk Exportkredit AB 0.50 8/25/2021 ZAR 60.56
Raiffeisen Centrobank AG 6.70 3/13/2017 EUR 50.96
Vontobel Financial Products 5.35 3/3/2017 EUR 58.32
UniCredit Bank AG 5.00 4/1/2016 EUR 68.68
Heta Asset Resolution AG 0.06 2/10/2018 EUR 69.00
Heta Asset Resolution AG 0.20 4/2/2018 EUR 69.00
Nuova Banca delle Marche Sp 7.20 6/30/2018 EUR 0.90
Rinol AG 5.50 10/15/2006 DEM 0.00
HSBC Bank PLC 0.50 2/24/2027 NZD 62.73
Bank MIA OAO 12.75 3/7/2025 RUB 60.20
Efesk Group 13.25 6/14/2016 RUB 7.00
VEB-Leasing OAO 12.40 10/20/2021 RUB 60.00
Lehman Brothers Treasury Co 8.00 3/19/2012 USD 2.60
Soyuz AKB OAO 14.50 6/11/2020 RUB 100.02
Heta Asset Resolution AG 0.11 5/17/2017 EUR 69.00
City of Moscow Russia 7.00 6/13/2017 RUB 60.01
Vontobel Financial Products 6.70 4/22/2016 EUR 66.74
Svensk Exportkredit AB 0.50 6/20/2029 AUD 67.31
Banca Popolare di Vicenza 1.60 1/16/2020 EUR 71.50
EFG International Finance G 7.20 2/25/2019 EUR 43.09
Kaupthing ehf 7.63 2/28/2015 USD 17.63
UBS AG 4.83 4/21/2016 USD
KA Finanz AG 4.44 12/20/2030 EUR 62.63
Societe Generale SA 1.35 3/31/2034 USD 69.06
Barclays Bank PLC 5.00 5/14/2029 USD 74.50
UniCredit Bank Austria AG 0.24 1/24/2031 EUR 64.63
Lehman Brothers Treasury Co 6.00 12/30/2017 EUR 2.60
Credit Europe Bank Ltd 15.00 3/22/2018 RUB 100.00
ZapSib-Transservice OOO 15.00 4/17/2018 RUB 100.00
Nuova Banca Popolare dell'E 5.00 10/30/2023 EUR 0.24
Municipality Finance PLC 0.50 6/19/2024 ZAR 46.17
Societe Generale SA 12.00 5/27/2016 USD 46.02
NIBC Bank NV 25.98 5/7/2029 EUR 60.63
WPE International Cooperati 10.38 9/30/2020 USD 7.75
WGF Westfaelische Grundbesi 6.35 8/1/2017 EUR 4.49
Windreich GmbH 6.75 3/1/2015 EUR 10.88
MT-Energie GmbH & Co KG 8.25 4/4/2017 EUR 9.00
HSBC Bank PLC 0.50 6/9/2023 MXN 64.65
Kommunalbanken AS 0.50 5/27/2022 ZAR 56.26
Deutsche Bank AG/London 0.50 10/5/2021 IDR 55.65
Deutsche Bank AG/London 8.00 2/28/2020 USD 8.72
EFG International Finance G 6.48 5/29/2018 EUR 9.00
UBS AG 10.00 3/29/2016 EUR 62.55
Getin Noble Bank SA 4.81 4/7/2021 PLN 72.50
Commerzbank AG 2.50 6/19/2017 USD 59.06
Credit Suisse AG/London 8.00 11/29/2019 USD 5.27
IT Holding Finance SA 9.88 11/15/2012 EUR 0.01
Lehman Brothers Treasury Co 5.10 6/22/2046 EUR 2.60
Agentstvo po Ipotechnomu Zh 8.00 7/15/2023 RUB 60.10
Russian Railways JSC 12.40 2/28/2040 RUB
Getin Noble Bank SA 4.91 4/27/2020 PLN 72.62
City of Hunedoara Romania 1.43 8/15/2026 RON 68.25
RSL Communications PLC 9.13 3/1/2008 USD 0.41
Polski Bank Spoldzielczy w 5.24 9/14/2027 PLN 59.00
Banca Popolare di Vicenza 1.60 5/29/2020 EUR 70.88
Oberoesterreichische Landes 0.30 4/25/2042 EUR 44.13
Lehman Brothers Treasury Co 5.50 7/8/2013 EUR 2.60
Lehman Brothers Treasury Co 10.00 6/11/2038 JPY 2.60
Lehman Brothers Treasury Co 4.00 2/28/2010 EUR 2.60
Lehman Brothers Treasury Co 5.25 4/1/2023 EUR 2.60
Driver & Bengsch AG 8.50 12/31/2027 EUR 0.00
Credit Suisse AG/London 10.50 5/3/2016 USD 33.00
Immigon Portfolioabbau AG 3.88 3/15/2022 EUR 58.75
Santander Finance Capital S 2.00 USD 37.38
UBS AG/London 11.25 4/1/2016 CHF 70.83
UniCredit Bank Austria AG 0.33 1/22/2031 EUR 65.13
UniCredit Bank Austria AG 0.46 12/27/2026 EUR 72.25
UniCredit Bank AO 10.50 8/6/2019 RUB 99.00
Lehman Brothers Treasury Co 7.50 10/24/2008 USD 2.60
Lehman Brothers Treasury Co 5.55 3/12/2015 EUR 2.60
Salvator Grundbesitz-AG 9.50 12/31/2021 EUR 11.00
Getin Noble Bank SA 4.79 6/5/2020 PLN 74.61
Republika Srpska 1.50 9/26/2027 BAM 71.50
Heta Asset Resolution AG 0.05 8/21/2017 EUR 69.63
UBS AG 6.74 3/15/2017 USD
Bank Nederlandse Gemeenten 0.50 9/20/2022 ZAR 54.24
Bank Julius Baer & Co Ltd/G 5.20 9/25/2017 EUR 63.60
Vontobel Financial Products 5.40 3/3/2017 EUR 72.67
Vontobel Financial Products 7.00 4/22/2016 EUR 52.89
Banca Popolare di Vicenza 5.20 3/28/2024 EUR 67.50
Raiffeisen-Holding Niederoe 5.08 EUR 72.92
Svensk Exportkredit AB 0.50 3/28/2029 AUD 69.26
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 1.18
Lehman Brothers Treasury Co 9.25 6/20/2012 USD 2.60
Lehman Brothers Treasury Co 6.60 2/9/2009 EUR 2.60
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 0.59
Codere Finance Luxembourg S 8.25 6/15/2015 EUR 70.00
Fonciere Volta SA 4.50 7/30/2020 EUR 2.52
RSL Communications PLC 12.00 11/1/2008 USD 0.41
Araratbank OJSC 8.00 6/10/2018 USD 25.35
Kommunekredit 0.50 9/19/2019 BRL 68.92
Podkarpacki Bank Spoldzielc 5.10 5/28/2023 PLN 69.40
MirLand Development Corp PL 6.50 9/30/2019 ILS 23.21
Credit Suisse AG/London 7.00 11/15/2019 USD 9.45
Eksportfinans ASA 0.25 7/14/2033 CAD 42.25
Probanka dd 1.36 EUR 65.13
Western High-Speed Diameter 8.75 5/13/2031 RUB 99.60
UniCredit Bank AO 10.50 5/17/2019 RUB 60.20
Lehman Brothers Treasury Co 6.72 12/29/2008 EUR 2.60
Lehman Brothers Treasury Co 4.50 3/6/2013 CHF 2.60
Lehman Brothers Treasury Co 6.00 10/24/2008 EUR 2.60
Lehman Brothers Treasury Co 5.50 11/30/2012 CZK 2.60
Lehman Brothers Treasury Co 7.80 3/31/2018 USD 2.60
Rossiysky Capital OJSC 13.00 11/22/2019 RUB 60.11
Interregional Distribution 11.58 11/11/2025 RUB 100.00
Nuova Banca Popolare dell'E 2.31 5/21/2018 EUR 0.23
Vontobel Financial Products 21.75 6/24/2016 EUR 48.18
Sparebanken Sor 2.63 8/25/2025 NOK 74.39
Muehl Product & Service AG 6.75 3/10/2005 DEM 2.00
City of Alba Iulia Romania 2.50 4/15/2025 RON 68.00
Nuova Banca delle Marche Sp 8.00 6/30/2018 EUR 0.90
Vontobel Financial Products 4.45 9/5/2016 EUR 61.70
UBS AG 9.45 11/8/2016 USD
Societe Generale SA 2.95 8/1/2016 USD 69.60
EFG International Finance G 7.19 5/6/2019 EUR 30.95
Lehman Brothers Treasury Co 7.55 12/29/2008 USD 2.60
United Confectioners Financ 10.50 4/3/2023 RUB 99.60
Russian Post FGUP 12.00 10/18/2019 RUB 100.95
Metallurgical Commercial Ba 11.00 9/8/2016 RUB 92.00
UNGP-Finance OOO 10.00 12/16/2020 RUB 60.20
Heta Asset Resolution AG 4.07 3/21/2017 EUR 69.00
Lehman Brothers Treasury Co 5.12 4/30/2027 EUR 2.60
Lehman Brothers Treasury Co 6.75 4/5/2012 EUR 2.60
UniCredit Bank AG 4.05 6/23/2016 EUR 59.87
Bank Julius Baer & Co Ltd/G 4.90 5/6/2016 CHF 62.05
Immigon Portfolioabbau AG 4.81 7/29/2025 EUR 61.00
Nesset Sparebank 2.47 NOK 50.39
Union Technologies Informat 0.10 1/1/2020 EUR 5.32
BNP Paribas SA 0.50 11/16/2032 MXN 34.79
Barclays Bank PLC 0.50 4/24/2023 MXN 62.96
Kaupthing ehf 3.75 2/15/2024 ISK 17.63
Banca Popolare di Vicenza 1.60 3/20/2020 EUR 71.13
Banca Popolare di Vicenza 1.60 1/9/2020 EUR 70.50
HSBC Trinkaus & Burkhardt A 12.50 9/23/2016 EUR 61.21
UBS AG/London 15.50 5/23/2016 USD 45.50
Societe Generale Effekten G 3.14 8/8/2016 EUR 71.49
Bayerische Landesbank 3.70 10/7/2016 EUR 69.33
Vontobel Financial Products 8.00 7/22/2016 EUR 56.11
Lehman Brothers Treasury Co 8.28 3/26/2009 USD 2.60
Lehman Brothers Treasury Co 7.60 3/26/2009 EUR 2.60
Hellas Telecommunications L 8.50 10/15/2013 EUR 0.01
Russian Railways JSC 11.20 10/16/2025 RUB 60.30
Banca delle Marche SpA 6.00 5/8/2018 EUR 0.94
Transcapitalbank JSC 13.00 5/30/2023 RUB 61.00
KPNQwest NV 7.13 6/1/2009 EUR 0.57
Lehman Brothers Treasury Co 7.60 1/31/2013 AUD 2.60
Kommunalbanken AS 0.50 12/16/2020 TRY 68.49
SAir Group 5.50 7/23/2003 CHF 11.13
Nota-Bank OJSC 13.50 4/1/2016 RUB 31.50
LBI HF 7.43 USD 0.00
UBS AG 10.18 9/1/2016 USD
Espirito Santo Financial Po 5.63 7/28/2017 EUR 2.80
DekaBank Deutsche Girozentr 0.12 6/23/2034 EUR 71.33
Societe Generale SA 0.50 5/30/2023 MXN 64.83
Promnefteservis OOO 10.50 11/21/2019 RUB 4.00
Svensk Exportkredit AB 0.50 8/29/2029 AUD 58.00
HSBC Bank PLC 0.50 10/30/2026 NZD 63.31
Bayerische Landesbank 4.00 9/16/2016 EUR 71.50
Leonteq Securities AG/Guern 4.40 8/28/2017 CHF 61.29
Notenstein La Roche Private 4.50 10/31/2018 CHF 72.99
Zurcher Kantonalbank Financ 10.90 6/3/2016 CHF 60.18
EFG International Finance G 8.99 9/4/2017 EUR 27.26
UniCredit Bank AG 4.60 7/2/2018 EUR 61.05
Banque Cantonale Vaudoise/G 8.70 8/3/2016 USD 73.02
TransFin-M PAO 12.50 2/21/2017 RUB 60.01
Lehman Brothers Treasury Co 14.90 9/15/2008 EUR 2.60
Lehman Brothers Treasury Co 7.06 12/29/2008 EUR 2.60
Lehman Brothers Treasury Co 8.50 7/5/2016 EUR 13.88
Deutsche Bank AG 7.50 10/17/2016 USD 9.60
Lehman Brothers Treasury Co 8.25 12/3/2015 EUR 13.88
Dollfus-Mieg & Co SAS 1.00 8/9/2016 EUR
ING Bank NV 5.05 10/7/2024 EUR 66.77
MirLand Development Corp PL 6.50 3/31/2016 ILS 24.00
HSBC Bank PLC 0.50 1/31/2020 BRL 66.19
UBS AG 13.20 11/8/2016 USD 8.96
Zurcher Kantonalbank Financ 3.80 5/22/2017 EUR 57.60
LBBW 4.00 4/22/2016 EUR 59.97
Deutsche Bank AG 6.20 6/21/2016 EUR 53.40
SG Option Europe SA 7.00 9/22/2017 EUR 70.97
Lehman Brothers Treasury Co 5.50 6/22/2010 USD 16.25
Open Mortgage Agent 1 9.10 2/25/2045 RUB 61.00
BNP Paribas Emissions- und 2.50 6/30/2022 EUR 73.29
Credit Suisse AG/Nassau 12.20 6/3/2016 EUR 64.08
Kommunekredit 0.50 12/14/2020 ZAR 64.82
HSBC Bank PLC 0.50 12/8/2026 AUD 65.99
Leonteq Securities AG 17.00 5/4/2016 CHF 57.32
UniCredit Bank AG 5.05 6/10/2016 EUR 66.51
LBBW 9.35 9/23/2016 EUR 69.23
Europlan PAO 9.78 9/25/2019 RUB 94.20
Svensk Exportkredit AB 0.50 6/26/2019 TRY 70.84
Lehman Brothers Treasury Co 13.00 2/16/2009 CHF 2.60
Lehman Brothers Treasury Co 7.00 2/15/2010 CHF 2.60
Western High-Speed Diameter 9.15 2/6/2032 RUB 93.61
Upravlenie Othodamu ZAO 15.40 5/7/2024 RUB 100.02
Leonteq Securities AG 3.50 4/10/2018 EUR 53.08
Mriya Agro Holding PLC 10.95 3/30/2016 USD 8.84
MirLand Development Corp PL 7.21 5/31/2020 ILS 23.50
Immigon Portfolioabbau AG 5.45 8/2/2019 EUR 72.70
Kerdos Group SA 8.00 4/30/2016 PLN 39.00
UBS AG/London 10.84 9/27/2016 USD
HSBC Bank PLC 0.50 4/11/2023 MXN 65.44
Municipality Finance PLC 0.50 4/26/2022 ZAR 55.07
Municipality Finance PLC 0.50 5/31/2022 ZAR 54.29
Landesbank Hessen-Thueringe 8.25 3/6/2020 EUR 67.45
Notenstein Finance Guernsey 7.19 5/6/2019 EUR 56.11
Biomed-Lublin Wytwornia Sur 7.24 8/14/2018 PLN 66.01
UBS AG/London 7.86 10/19/2016 USD
Lehman Brothers Treasury Co 6.00 3/18/2015 USD 13.88
Bank Julius Baer & Co Ltd/G 12.50 6/20/2016 USD 59.55
Bayerische Landesbank 3.10 11/4/2016 EUR 64.77
UniCredit Bank AG 4.00 6/24/2016 EUR 46.54
Barclays Bank PLC 11.00 5/31/2016 USD 4.74
ECA 2.50 1/1/2018 EUR 12.05
HSBC Bank PLC 0.50 2/21/2019 BRL 73.78
Svensk Exportkredit AB 0.50 6/28/2022 ZAR 53.99
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.37
IFK Soyuz OAO 14.00 7/18/2028 RUB 100.00
Lehman Brothers Treasury Co 11.00 12/20/2017 AUD 2.60
Lehman Brothers Treasury Co 4.70 3/23/2016 EUR 2.60
Lehman Brothers Treasury Co 7.38 9/20/2008 EUR 2.60
Lehman Brothers Treasury Co 1.75 2/7/2010 EUR 2.71
DZ Bank AG Deutsche Zentral 6.70 9/19/2016 EUR 60.03
DEIKON GmbH 1.00 7/1/2016 EUR 20.50
Lehman Brothers Treasury Co 1.28 11/6/2010 JPY 13.88
Lehman Brothers Treasury Co 8.88 1/28/2011 HKD 13.88
Northland Resources AB 12.25 3/26/2016 USD 1.00
Naturex 4.40 6/30/2019 EUR
ECM Real Estate Investments 5.00 10/9/2011 EUR 10.38
Barclays Bank PLC 0.50 3/26/2021 MXN 72.96
UBS AG 20.80 6/6/2016 USD
DekaBank Deutsche Girozentr 5.20 8/11/2016 EUR 69.30
LBBW 3.00 9/22/2017 EUR 59.10
Russian Railways JSC 9.10 9/19/2033 RUB
Banca Popolare di Vicenza 1.60 2/20/2020 EUR 71.00
Credit Suisse AG 0.50 12/16/2025 BRL 32.41
Property Lease Fund SA 9.00 12/23/2016 PLN 70.70
UBS AG 21.92 9/22/2016 USD
Natixis Structured Issuance 11.70 12/8/2023 EUR 51.05
HSBC Trinkaus & Burkhardt A 5.00 1/30/2018 EUR 64.23
EFG International Finance G 7.20 2/25/2019 EUR 70.55
Strommen Sparebank 2.20 NOK 36.96
Societe Generale SA 1.00 12/22/2017 GBP 0.99
EFG International Finance G 7.00 11/27/2019 EUR 41.63
LBBW 7.00 3/29/2016 EUR 74.57
JP Morgan Structured Produc 1.25 4/11/2016 USD 58.39
Notenstein La Roche Private 8.99 7/22/2019 EUR 49.74
Leonteq Securities AG 5.00 7/31/2019 CHF 72.15
Immigon Portfolioabbau AG 1.75 9/9/2020 EUR 59.38
Veneto Banca SpA 1.82 5/15/2019 EUR 73.25
Immigon Portfolioabbau AG 0.87 7/3/2019 EUR 66.00
Vesta ZAO 12.50 12/4/2026 RUB 98.62
Fininvest OOO 15.00 11/9/2018 RUB 100.00
Lehman Brothers Treasury Co 2.50 12/15/2011 GBP 2.60
Lehman Brothers Treasury Co 0.50 12/20/2017 AUD 2.60
DekaBank Deutsche Girozentr 3.00 5/6/2016 EUR 60.80
Bank Julius Baer & Co Ltd/G 12.10 5/6/2016 CHF 59.50
Credit Suisse AG/Nassau 7.25 2/27/2017 CHF 70.07
Lehman Brothers Treasury Co 7.59 11/22/2009 MXN 13.88
Barclays Bank PLC 2.38 8/15/2033 USD 74.50
EFG International Finance G 12.86 10/30/2017 EUR 21.75
UBS AG/London 10.98 10/25/2016 USD
Nutritek International Corp 8.75 12/11/2008 USD 2.00
Sparebanken Din 2.22 NOK 67.01
Drangedal Sparebank 2.24 NOK 67.30
Getin Noble Bank SA 4.75 2/15/2021 PLN 72.01
HSBC Bank PLC 0.50 4/27/2027 NZD 62.19
UBS AG 13.82 11/10/2016 USD 8.88
Nordea Bank Finland Abp 5.70 1/20/2021 SEK 75.00
Bayerische Landesbank 3.00 3/9/2018 EUR 56.03
UBS AG 5.60 3/4/2019 EUR 70.49
City of Hunedoara Romania 1.43 8/15/2026 RON 68.00
UBS AG/London 7.00 6/24/2016 CHF 54.59
Credit Europe Bank Ltd 10.41 9/14/2018 RUB 100.02
Cybits Holding AG 5.00 6/30/2017 EUR
Leonteq Securities AG/Guern 9.07 5/3/2016 GBP 40.31
UBS AG/London 24.50 9/23/2016 EUR 67.53
Credit Suisse AG/Nassau 6.25 10/17/2016 EUR 47.95
UBS AG/London 9.20 6/20/2016 USD
BPCE SA 0.91 EUR 51.38
Province of Rovigo Italy 0.20 12/28/2035 EUR 65.65
IFK Soyuz OAO 2.00 12/9/2027 RUB 96.80
Immigon Portfolioabbau AG 5.20 4/1/2020 EUR 72.75
Lehman Brothers Treasury Co 6.85 12/22/2008 EUR 2.60
Lehman Brothers Treasury Co 3.40 3/19/2018 JPY 2.60
Lehman Brothers Treasury Co 6.00 2/19/2023 USD 2.60
Lehman Brothers Treasury Co 7.60 5/21/2013 USD 2.60
Zurcher Kantonalbank Financ 9.00 7/17/2017 EUR 67.00
Kaupthing ehf 5.00 1/4/2027 SKK 17.63
Leonteq Securities AG 17.60 10/24/2016 CHF 62.92
Cerruti Finance SA 6.50 7/26/2004 EUR 1.55
UWC Finance 15.50 9/10/2019 RUB 62.70
Lloyds Bank PLC 0.50 7/26/2028 MXN 46.80
Kaupthing ehf 7.50 12/5/2014 ISK 17.63
Raiffeisen Centrobank AG 5.00 4/18/2016 EUR 66.61
UniCredit Bank AG 6.25 5/16/2016 EUR 46.28
Royal Bank of Scotland PLC/ 6.20 9/7/2018 GBP 1.05
Kerdos Group SA 8.00 5/31/2016 PLN 75.00
Getin Noble Bank SA 4.80 11/30/2020 PLN 70.01
Russian Railways JSC 16.70 10/11/2038 RUB
Alpha Bank AE 2.50 6/20/2022 EUR 55.78
Municipality Finance PLC 0.50 7/30/2029 AUD 67.53
Municipality Finance PLC 0.50 12/15/2020 BRL 61.62
Norddeutsche Landesbank Gir 3.75 9/2/2016 EUR 70.21
Notenstein La Roche Private 4.10 10/10/2018 CHF 73.27
Credit Suisse AG/Nassau 10.35 5/30/2016 CHF 57.36
Vontobel Financial Products 6.00 5/27/2016 EUR 49.11
UniCredit Bank AG 5.50 8/1/2016 EUR 50.61
Goldman Sachs & Co Wertpapi 4.00 4/20/2016 EUR 68.32
Credit Suisse AG/Nassau 14.00 5/12/2016 USD 59.03
Credit Suisse AG/Nassau 6.00 11/28/2016 CHF 69.16
Notenstein La Roche Private 7.25 4/22/2016 CHF 63.36
Societe Generale SA 0.50 7/6/2021 BRL 55.00
Banca di Cividale SpA 0.03 10/2/2036 EUR 56.27
HSBC Bank PLC 0.50 12/7/2018 BRL 74.79
Svensk Exportkredit AB 0.50 3/15/2022 ZAR 55.71
Bank Julius Baer & Co Ltd/G 7.00 10/7/2016 CHF 48.05
LBBW 3.00 6/24/2016 EUR 49.89
UBS AG/Jersey 6.24 3/29/2016 EUR 71.51
UBS AG/London 10.00 7/15/2016 CHF 62.55
Svensk Exportkredit AB 0.50 4/24/2029 AUD 61.20
Municipality Finance PLC 0.50 5/8/2029 AUD 60.44
Deutsche Bank AG/London 0.50 4/18/2019 BRL 70.84
Raiffeisen-Holding Niederoe 2.31 EUR 57.88
KIT Finance Capital OOO 10.00 10/26/2016 RUB 99.96
Immigon Portfolioabbau AG 5.25 12/20/2022 EUR 61.13
Rossiysky Capital OJSC 9.00 9/6/2016 RUB 97.90
Stroytemp CJSC 9.00 11/13/2019 RUB 92.70
Lehman Brothers Treasury Co 4.00 3/10/2011 EUR 2.60
KPNQwest NV 8.88 2/1/2008 EUR 0.57
Lehman Brothers Treasury Co 4.25 3/13/2021 EUR 2.60
Vontobel Financial Products 8.35 12/23/2016 EUR 70.76
Credit Suisse AG/Nassau 7.90 2/27/2017 CHF 71.76
Lehman Brothers Treasury Co 3.00 6/23/2009 EUR 13.88
Goldman Sachs International 8.00 7/18/2017 GBP
Raiffeisen Centrobank AG 2.40 12/19/2016 EUR 42.07
UniCredit Bank AG 5.00 6/16/2016 EUR 61.55
BNP Paribas SA 0.50 9/29/2029 AUD 56.72
Lloyds Bank PLC 0.50 7/26/2021 BRL 55.30
Immigon Portfolioabbau AG 0.80 3/1/2021 EUR 53.50
Banque Cantonale Vaudoise 1.00 7/7/2016 CHF 17.93
Credit Suisse AG/Nassau 5.75 9/19/2016 CHF 71.61
UniCredit Bank AG 4.00 10/14/2019 EUR 52.30
UBS AG/London 12.00 5/23/2016 CHF 42.20
Vontobel Financial Products 7.65 12/9/2016 EUR 59.36
UniCredit Bank AG 5.10 7/1/2016 EUR 54.23
UniCredit Bank AG 5.00 6/25/2019 EUR 63.62
UBS AG 7.40 5/17/2021 CHF 57.57
Vontobel Financial Products 5.50 6/24/2016 EUR 51.76
Vontobel Financial Products 5.00 7/1/2016 EUR 46.14
UniCredit Bank AG 6.00 7/4/2016 EUR 72.66
UBS AG 21.75 3/29/2016 EUR 22.97
Goldman Sachs & Co Wertpapi 6.00 3/22/2017 EUR 68.90
Credit Suisse AG/Nassau 8.25 6/22/2016 EUR 56.64
Leonteq Securities AG/Guern 9.00 5/17/2016 EUR 41.03
Vontobel Financial Products 6.85 7/1/2016 EUR 63.31
UniCredit Bank AG 4.50 6/24/2016 EUR 67.31
Immigon Portfolioabbau AG 0.81 5/20/2025 EUR 34.13
Immigon Portfolioabbau AG 4.78 6/7/2030 EUR 42.13
Vontobel Financial Products 13.95 12/23/2016 EUR 63.14
Credit Suisse AG/Nassau 7.00 10/24/2016 CHF 68.87
HSBC Trinkaus & Burkhardt A 12.40 6/24/2016 EUR 63.66
LBBW 3.00 6/28/2019 EUR 63.55
Landesbank Hessen-Thueringe 6.30 10/17/2016 EUR 52.40
Leonteq Securities AG/Guern 8.76 7/21/2016 USD 58.24
Barclays Bank PLC 9.00 5/31/2016 USD 2.94
UBS AG/London 9.52 5/5/2016 USD
Credit Suisse AG/Nassau 8.00 7/18/2016 EUR 57.84
TGK-1 OAO 14.40 2/14/2022 RUB 98.40
Polyus Perspectiva OOO 11.00 12/15/2020 RUB 64.33
iMoneyBank KB OOO 16.00 10/27/2016 RUB 95.10
Lehman Brothers Treasury Co 10.00 1/3/2012 BRL 2.60
Lehman Brothers Treasury Co 1.00 2/26/2010 USD 2.60
Lehman Brothers Treasury Co 8.00 10/17/2014 EUR 2.60
Lehman Brothers Treasury Co 2.50 8/23/2012 GBP 2.60
Lehman Brothers Treasury Co 0.50 12/20/2017 AUD 2.60
Lehman Brothers Treasury Co 7.00 9/20/2011 USD 2.60
Lehman Brothers Treasury Co 23.30 9/16/2008 USD 2.60
Lehman Brothers Treasury Co 2.00 6/21/2011 EUR 2.60
Lehman Brothers Treasury Co 4.35 8/8/2016 SGD 13.88
LBBW 3.00 6/28/2019 EUR 64.24
Leonteq Securities AG 5.20 3/27/2018 CHF 71.59
Dayli Polska Sp zoo 8.50 9/5/2016 PLN 15.00
Commerzbank AG 2.50 1/30/2018 USD 72.13
Leonteq Securities AG 9.00 12/8/2016 CHF 58.11
Totens Sparebank 2.64 NOK 69.26
hkw personalkonzepte GmbH 8.25 11/15/2016 EUR 3.62
Haltdalen Sparebank 2.42 NOK 52.05
Royal Bank of Scotland PLC/ 1.33 10/26/2018 GBP
ECM Real Estate Investments 5.00 10/9/2011 EUR 10.38
DekaBank Deutsche Girozentr 3.25 8/11/2016 EUR 66.65
SAir Group 2.75 7/30/2004 CHF 11.13
Raiffeisen-Landesbank Tirol 5.00 9/2/2024 EUR 72.30
Deutsche Bank AG/London 0.50 3/14/2019 BRL 71.57
Banca Popolare di Vicenza 2.00 11/7/2019 EUR 72.63
Credit Suisse AG/Nassau 7.25 3/8/2017 CHF 59.33
Leonteq Securities AG 18.50 9/9/2016 CHF 61.90
LBBW 3.10 9/28/2018 EUR 73.80
UBS AG/London 15.25 10/30/2017 USD 71.70
UBS AG/London 5.00 8/14/2017 CHF 53.65
Raiffeisen Centrobank AG 7.00 8/22/2016 EUR 41.18
DZ Bank AG Deutsche Zentral 5.60 3/30/2017 EUR 39.48
Credit Suisse AG/London 10.25 5/31/2016 USD 25.74
Norddeutsche Landesbank Gir 4.75 6/3/2016 EUR 57.31
Bayerische Landesbank 2.60 3/29/2018 EUR 66.15
Norddeutsche Landesbank Gir 5.00 6/3/2016 EUR 55.56
Norddeutsche Landesbank Gir 3.50 7/1/2016 EUR 50.04
Credit Suisse AG/Nassau 7.00 9/16/2016 CHF 49.65
Barclays Bank PLC 11.50 10/10/2018 SEK 71.09
UBS AG/London 5.00 7/4/2016 CHF 54.02
Erste Group Bank AG 6.80 8/28/2016 EUR 69.30
Credit Suisse AG/Nassau 7.00 3/22/2017 CHF 57.75
Credit Suisse AG/London 7.00 2/20/2017 CHF 67.48
Goldman Sachs & Co Wertpapi 14.00 3/22/2017 EUR 59.68
Bayerische Landesbank 3.70 6/3/2016 EUR 50.13
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 67.37
LBBW 3.25 6/23/2017 EUR 73.31
DekaBank Deutsche Girozentr 3.45 6/1/2018 EUR 60.35
Goldman Sachs International 0.67 4/24/2020 GBP
Immigon Portfolioabbau AG 4.50 10/21/2020 EUR 67.88
Province of Teramo Italy 0.06 12/30/2030 EUR 72.55
Province of Brescia Italy 0.25 12/22/2036 EUR 64.71
DZ Bank AG Deutsche Zentral 5.00 3/29/2016 EUR 73.47
Bank Julius Baer & Co Ltd/G 6.60 4/25/2016 CHF 72.05
Credit Suisse AG/Nassau 10.20 4/14/2016 EUR 72.45
Credit Suisse AG/London 6.25 4/14/2016 CHF 62.29
LBBW 4.00 3/24/2017 EUR 49.60
LBBW 4.50 3/23/2018 EUR 53.21
LBBW 3.00 6/28/2019 EUR 64.39
LBBW 2.50 6/28/2019 EUR 60.53
LBBW 3.00 6/22/2018 EUR 72.41
Erste Group Bank AG 8.25 5/21/2016 CHF 72.70
Bayerische Landesbank 2.20 5/20/2016 EUR 62.23
Bayerische Landesbank 3.70 11/4/2016 EUR 57.69
Leonteq Securities AG 11.00 10/31/2016 CHF 66.20
UBS AG 3.35 9/1/2016 USD
UBS AG/London 7.00 7/13/2016 USD
Barclays Bank PLC 8.00 4/29/2016 USD 3.03
UBS AG/London 6.43 4/14/2016 USD
DekaBank Deutsche Girozentr 5.15 12/9/2016 EUR 56.91
Province of Treviso Italy 0.19 12/31/2034 EUR 67.59
Province of Treviso Italy 0.09 12/31/2034 EUR 65.91
Region Kapital OOO 14.50 7/10/2018 RUB 100.00
Lehman Brothers Treasury Co 14.90 11/16/2010 EUR 2.60
Lehman Brothers Treasury Co 0.50 7/2/2020 EUR 2.60
Lehman Brothers Treasury Co 11.00 12/20/2017 AUD 2.60
Lehman Brothers Treasury Co 6.00 5/12/2017 EUR 2.60
Lehman Brothers Treasury Co 6.00 10/30/2012 USD 2.60
Lehman Brothers Treasury Co 0.50 12/20/2017 AUD 2.60
Lehman Brothers Treasury Co 2.00 6/28/2011 EUR 2.60
Lehman Brothers Treasury Co 8.25 2/3/2016 EUR 2.60
Lehman Brothers Treasury Co 4.00 7/27/2011 EUR 2.60
Lehman Brothers Treasury Co 6.00 2/14/2012 EUR 2.60
Lehman Brothers Treasury Co 5.00 11/22/2012 EUR 2.60
Lehman Brothers Treasury Co 10.00 6/17/2009 USD 2.60
Lenta Center OOO 11.00 10/14/2020 RUB 64.50
Societe Generale SA 0.50 4/3/2023 RUB 53.60
Lehman Brothers Treasury Co 5.00 8/16/2017 EUR 13.88
BNP Paribas SA 0.50 5/6/2021 MXN 72.80
Lehman Brothers Treasury Co 4.60 10/11/2017 ILS 13.88
Leonteq Securities AG 9.00 10/24/2016 EUR 71.26
DZ Bank AG Deutsche Zentral 8.50 8/26/2016 EUR 71.13
Notenstein La Roche Private 5.00 8/18/2016 CHF 69.04
Immigon Portfolioabbau AG 4.90 8/18/2025 EUR 61.30
DekaBank Deutsche Girozentr 3.05 3/25/2025 EUR 72.10
Leonteq Securities AG/Guern 29.61 10/26/2017 EUR 7.18
Transgazservice LLP 10.50 11/8/2019 RUB 0.55
Credit Suisse AG/London 0.50 1/8/2026 BRL 31.12
Leonteq Securities AG/Guern 6.70 6/6/2016 USD 42.66
UBS AG/London 6.75 6/3/2016 CHF 53.04
Landesbank Hessen-Thueringe 5.10 4/15/2016 EUR 43.40
LBBW 4.00 7/22/2016 EUR 58.80
Wlodarzewska SA 9.19 5/15/2016 PLN 75.00
Leonteq Securities AG 6.75 12/5/2016 CHF 65.80
UniCredit Bank AG 4.00 6/23/2016 EUR 57.98
Credit Suisse AG/Nassau 8.00 6/20/2016 CHF 67.91
Zurcher Kantonalbank Financ 12.29 4/22/2016 EUR 68.25
UBS AG/London 10.00 4/15/2016 CHF 62.14
Landesbank Hessen-Thueringe 5.00 11/15/2016 EUR 52.80
Zurcher Kantonalbank Financ 7.00 4/13/2016 CHF 73.39
Deutsche Bank AG 7.50 12/20/2016 EUR 61.72
Lehman Brothers Treasury Co 7.32 7/31/2013 GBP 2.60
Agentstvo po Ipotechnomu Zh 9.91 11/1/2032 RUB 20.15
Ipotechny Agent KM OOO 0.37 6/30/2022 RUB 53.89
Abengoa Finance SAU 6.00 3/31/2021 EUR 9.50
Center-Invest Commercial Ba 11.25 11/13/2018 RUB 98.70
Lehman Brothers Treasury Co 3.50 9/19/2017 EUR 2.60
Lehman Brothers Treasury Co 4.87 10/8/2013 USD 2.60
Lehman Brothers Treasury Co 5.22 3/1/2024 EUR 2.60
Lehman Brothers Treasury Co 5.00 4/24/2017 EUR 2.60
Lehman Brothers Treasury Co 7.05 4/8/2015 USD 2.60
Lehman Brothers Treasury Co 4.60 7/6/2016 EUR 2.72
Commerzbank AG 3.00 9/15/2016 EUR 68.28
Commerzbank AG 7.75 6/23/2016 EUR 61.52
BNP Paribas Arbitrage Issua 6.55 3/28/2025 EUR 65.39
Deutsche Bank AG 5.20 3/21/2017 EUR 68.50
Lehman Brothers Treasury Co 4.20 12/3/2008 HKD 16.25
LBI HF 8.65 5/1/2011 ISK 8.50
Housing Financing Fund 2.70 1/1/2020 ISK 55.16
Central European Estates BV 7.80 4/10/2016 ILS 7.21
HSBC Trinkaus & Burkhardt A 7.30 3/24/2017 EUR 70.87
HSBC Bank PLC 0.50 12/22/2025 BRL 37.03
Commerzbank AG 4.60 4/7/2016 EUR 60.08
Credit Suisse AG/Nassau 6.25 10/6/2016 CHF 72.39
Credit Suisse AG/London 7.25 4/1/2016 CHF 54.16
Vontobel Financial Products 6.50 3/29/2016 EUR 64.77
DZ Bank AG Deutsche Zentral 6.75 6/24/2016 EUR 47.19
LBBW 4.25 3/29/2016 EUR 63.44
LBBW 5.00 3/29/2016 EUR 41.46
UBS AG 5.75 3/29/2016 EUR 38.25
SG Issuer SA 6.65 10/10/2021 EUR 60.89
Getin Noble Bank SA 4.81 10/7/2020 PLN 73.12
LBBW 3.40 9/28/2018 EUR 74.05
Vontobel Financial Products 8.50 8/26/2016 EUR 71.38
Commerzbank AG 8.25 5/26/2016 EUR 57.93
Credit Suisse AG/Nassau 7.13 6/26/2017 CHF 65.14
UBS AG/London 10.00 11/25/2016 CHF 63.80
UniCredit Bank AG 4.30 12/22/2017 EUR 65.24
Commerzbank AG 14.00 5/26/2016 EUR 64.45
Immigon Portfolioabbau AG 4.80 5/9/2025 EUR 52.00
Societe Generale Effekten G 8.35 9/23/2016 EUR 74.38
Leonteq Securities AG 11.00 5/4/2016 USD 56.99
LBBW 2.70 7/27/2018 EUR 68.17
Banque Cantonale Vaudoise/G 6.13 9/20/2016 USD 57.46
Leonteq Securities AG 12.20 7/7/2016 USD 63.52
Credit Suisse AG/Nassau 8.05 9/27/2016 CHF 50.30
UBS AG 11.50 9/23/2016 EUR 72.05
Credit Agricole Corporate & 2.00 7/9/2020 BRL 66.43
Kommunekredit 0.50 5/11/2029 CAD 71.07
Lehman Brothers Treasury Co 13.43 1/8/2009 ILS 2.60
Lehman Brothers Treasury Co 7.00 10/22/2010 EUR 2.60
Lehman Brothers Treasury Co 7.00 6/6/2017 EUR 2.60
Lehman Brothers Treasury Co 4.50 12/30/2010 USD 2.60
Commerzbank AG 4.50 6/23/2016 EUR 62.67
Commerzbank AG 5.75 6/23/2016 EUR 60.99
Commerzbank AG 6.00 6/23/2016 EUR 60.41
Commerzbank AG 7.75 6/23/2016 EUR 58.43
Commerzbank AG 6.50 6/23/2016 EUR 65.77
Commerzbank AG 7.25 6/23/2016 EUR 64.62
Commerzbank AG 7.50 6/23/2016 EUR 57.03
Commerzbank AG 11.25 6/23/2016 EUR 70.72
Commerzbank AG 7.00 6/23/2016 EUR 72.35
Commerzbank AG 7.75 6/23/2016 EUR 73.61
Commerzbank AG 9.50 6/23/2016 EUR 71.21
Commerzbank AG 6.75 6/23/2016 EUR 56.04
Commerzbank AG 4.50 6/23/2016 EUR 67.77
Commerzbank AG 5.25 6/23/2016 EUR 66.04
Commerzbank AG 6.25 6/23/2016 EUR 71.25
Commerzbank AG 7.75 6/23/2016 EUR 68.81
Commerzbank AG 10.25 6/23/2016 EUR 65.41
Commerzbank AG 9.00 5/26/2016 EUR 71.10
UBS AG/London 15.27 9/14/2016 USD
Commerzbank AG 10.50 6/23/2016 EUR 66.01
Commerzbank AG 10.75 6/23/2016 EUR 59.15
Commerzbank AG 11.25 6/23/2016 EUR 58.72
Commerzbank AG 10.25 6/23/2016 EUR 73.09
Commerzbank AG 9.75 6/23/2016 EUR 62.80
Commerzbank AG 11.50 6/23/2016 EUR 66.02
Zurcher Kantonalbank Financ 7.02 9/23/2016 CHF 58.94
Zurcher Kantonalbank Financ 8.02 9/23/2016 EUR 71.02
Goldman Sachs & Co Wertpapi 4.00 12/21/2016 EUR 58.45
Goldman Sachs & Co Wertpapi 3.00 4/20/2016 EUR 54.50
Goldman Sachs & Co Wertpapi 3.00 5/25/2016 EUR 54.75
Goldman Sachs & Co Wertpapi 3.00 6/22/2016 EUR 54.96
Goldman Sachs & Co Wertpapi 6.00 3/22/2017 EUR 57.23
Zurcher Kantonalbank Financ 8.12 7/8/2016 CHF 69.14
Commerzbank AG 11.75 6/23/2016 EUR 68.51
Commerzbank AG 9.25 6/23/2016 EUR 50.98
Commerzbank AG 9.75 6/23/2016 EUR 71.34
Commerzbank AG 13.50 6/23/2016 EUR 65.49
Commerzbank AG 10.25 6/23/2016 EUR 69.99
Commerzbank AG 14.50 6/23/2016 EUR 64.29
Leonteq Securities AG 10.00 10/13/2016 CHF 68.18
UBS AG/London 5.50 7/3/2017 CHF 71.68
Zurcher Kantonalbank Financ 11.06 7/1/2016 CHF 67.64
Goldman Sachs & Co Wertpapi 19.00 6/22/2016 EUR 73.52
Vontobel Financial Products 3.70 9/9/2016 EUR 61.29
Vontobel Financial Products 4.35 9/9/2016 EUR 65.38
Vontobel Financial Products 4.35 6/10/2016 EUR 64.69
Vontobel Financial Products 9.05 6/17/2016 EUR 58.90
Vontobel Financial Products 7.95 6/10/2016 EUR 59.97
UBS AG/London 7.00 7/3/2017 CHF 69.16
UBS AG/London 8.50 1/3/2017 CHF 62.38
Vontobel Financial Products 4.75 9/9/2016 EUR 71.70
Goldman Sachs & Co Wertpapi 7.00 10/26/2016 EUR 63.70
Commerzbank AG 6.50 6/23/2016 EUR 50.77
Commerzbank AG 10.00 6/23/2016 EUR 47.68
Vontobel Financial Products 4.65 9/16/2016 EUR 53.28
Landesbank Hessen-Thueringe 3.00 10/31/2016 EUR 72.20
UBS AG/London 15.02 9/15/2016 USD
Banque Cantonale Vaudoise 7.25 7/3/2017 CHF 56.51
Deutsche Bank AG 3.20 8/24/2016 EUR 70.30
Deutsche Bank AG 3.20 9/20/2016 EUR 70.40
Deutsche Bank AG 3.20 9/20/2016 EUR 73.40
Deutsche Bank AG 3.20 8/24/2016 EUR 63.70
Deutsche Bank AG 3.20 10/26/2016 EUR 61.80
Deutsche Bank AG 3.20 12/20/2016 EUR 70.60
Deutsche Bank AG 3.20 7/20/2016 EUR 66.10
Deutsche Bank AG 3.20 10/26/2016 EUR 73.40
Deutsche Bank AG 3.20 11/23/2016 EUR 61.90
Deutsche Bank AG 3.20 12/20/2016 EUR 64.30
Deutsche Bank AG 3.20 10/26/2016 EUR 70.50
Deutsche Bank AG 3.20 10/26/2016 EUR 64.00
Deutsche Bank AG 3.20 11/23/2016 EUR 64.20
Deutsche Bank AG 3.20 11/23/2016 EUR 70.60
Deutsche Bank AG 3.20 6/21/2016 EUR 70.90
Deutsche Bank AG 3.20 8/24/2016 EUR 71.10
Deutsche Bank AG 3.20 10/26/2016 EUR 71.10
Deutsche Bank AG 3.20 7/20/2016 EUR 71.00
LBBW 6.00 9/23/2016 EUR 72.93
Deutsche Bank AG 3.20 7/20/2016 EUR 68.10
LBBW 4.50 9/23/2016 EUR 65.59
Deutsche Bank AG 3.20 9/20/2016 EUR 71.10
Deutsche Bank AG 3.20 12/20/2016 EUR 71.20
Deutsche Bank AG 3.20 9/20/2016 EUR 74.00
Deutsche Bank AG 3.20 8/24/2016 EUR 74.00
Deutsche Bank AG 3.20 9/20/2016 EUR 68.30
Deutsche Bank AG 3.20 12/20/2016 EUR 68.60
Deutsche Bank AG 3.20 8/24/2016 EUR 68.20
Deutsche Bank AG 3.20 10/26/2016 EUR 58.30
Deutsche Bank AG 3.20 6/21/2016 EUR 64.30
Deutsche Bank AG 3.20 8/24/2016 EUR 64.90
Deutsche Bank AG 3.20 11/23/2016 EUR 65.00
Deutsche Bank AG 3.20 12/20/2016 EUR 64.90
Deutsche Bank AG 3.20 7/20/2016 EUR 57.50
Deutsche Bank AG 3.20 11/23/2016 EUR 58.60
Deutsche Bank AG 3.20 8/24/2016 EUR 64.00
Deutsche Bank AG 3.20 10/26/2016 EUR 61.80
Leonteq Securities AG 10.00 9/28/2016 CHF 59.09
Deutsche Bank AG 3.20 9/20/2016 EUR 65.00
Deutsche Bank AG 3.20 7/20/2016 EUR 63.80
Deutsche Bank AG 3.20 7/20/2016 EUR 60.50
Deutsche Bank AG 3.20 8/24/2016 EUR 57.80
Deutsche Bank AG 4.20 10/26/2016 EUR 71.70
Deutsche Bank AG 4.20 6/21/2016 EUR 71.20
Deutsche Bank AG 4.20 12/20/2016 EUR 74.10
Deutsche Bank AG 4.20 9/20/2016 EUR 73.90
Vontobel Financial Products 6.00 12/23/2016 EUR 66.29
Deutsche Bank AG 4.20 11/23/2016 EUR 69.20
Deutsche Bank AG 4.20 6/21/2016 EUR 68.20
Deutsche Bank AG 4.20 10/26/2016 EUR 74.00
Deutsche Bank AG 4.20 11/23/2016 EUR 71.80
Deutsche Bank AG 4.20 11/23/2016 EUR 74.00
Deutsche Bank AG 4.20 7/20/2016 EUR 71.30
Deutsche Bank AG 4.20 12/20/2016 EUR 62.80
Deutsche Bank AG 4.20 12/20/2016 EUR 65.00
Deutsche Bank AG 3.20 6/21/2016 EUR 71.70
Deutsche Bank AG 4.20 12/20/2016 EUR 71.90
Deutsche Bank AG 8.20 12/20/2016 EUR 69.20
Deutsche Bank AG 8.20 10/26/2016 EUR 72.00
Deutsche Bank AG 8.20 10/26/2016 EUR 59.00
Deutsche Bank AG 4.20 6/21/2016 EUR 61.50
Deutsche Bank AG 8.20 10/26/2016 EUR 64.20
Deutsche Bank AG 8.20 9/20/2016 EUR 58.30
Deutsche Bank AG 8.20 9/20/2016 EUR 65.70
Deutsche Bank AG 4.20 9/20/2016 EUR 61.50
Deutsche Bank AG 8.20 6/21/2016 EUR 56.50
Deutsche Bank AG 8.20 12/20/2016 EUR 60.10
Deutsche Bank AG 3.20 6/21/2016 EUR 66.90
Deutsche Bank AG 3.20 6/21/2016 EUR 62.90
Deutsche Bank AG 8.20 11/23/2016 EUR 59.50
Deutsche Bank AG 8.20 10/26/2016 EUR 66.40
Deutsche Bank AG 3.20 9/20/2016 EUR 67.10
Deutsche Bank AG 3.20 12/20/2016 EUR 69.30
Deutsche Bank AG 3.20 12/20/2016 EUR 67.30
Deutsche Bank AG 4.20 12/20/2016 EUR 62.50
Deutsche Bank AG 8.20 11/23/2016 EUR 61.20
Deutsche Bank AG 8.20 6/21/2016 EUR 63.90
Deutsche Bank AG 8.20 9/20/2016 EUR 67.40
Deutsche Bank AG 8.20 10/26/2016 EUR 68.10
Deutsche Bank AG 8.20 9/20/2016 EUR 63.40
Notenstein La Roche Private 6.40 9/25/2017 EUR 68.81
Deutsche Bank AG 4.20 10/26/2016 EUR 61.90
Deutsche Bank AG 8.20 12/20/2016 EUR 67.50
Deutsche Bank AG 8.20 11/23/2016 EUR 66.90
Deutsche Bank AG 8.20 12/20/2016 EUR 61.70
Deutsche Bank AG 3.20 9/20/2016 EUR 71.70
Deutsche Bank AG 3.20 12/20/2016 EUR 69.10
Deutsche Bank AG 4.20 12/20/2016 EUR 59.60
Deutsche Bank AG 8.20 6/21/2016 EUR 57.90
Deutsche Bank AG 4.20 11/23/2016 EUR 62.50
Deutsche Bank AG 4.20 9/20/2016 EUR 62.10
Deutsche Bank AG 8.20 9/20/2016 EUR 59.80
Deutsche Bank AG 8.20 11/23/2016 EUR 56.80
Deutsche Bank AG 3.20 9/20/2016 EUR 71.80
Deutsche Bank AG 4.20 12/20/2016 EUR 69.80
Deutsche Bank AG 4.20 12/20/2016 EUR 67.40
Commerzbank AG 7.50 6/23/2016 EUR 64.70
Deutsche Bank AG 4.20 7/20/2016 EUR 69.10
Deutsche Bank AG 4.20 8/24/2016 EUR 69.30
Commerzbank AG 9.50 6/23/2016 EUR 56.78
Deutsche Bank AG 4.20 10/26/2016 EUR 67.00
DZ Bank AG Deutsche Zentral 8.00 6/20/2016 EUR 60.74
Commerzbank AG 10.50 6/23/2016 EUR 71.45
Commerzbank AG 8.50 6/23/2016 EUR 71.32
Commerzbank AG 5.50 6/23/2016 EUR 52.95
DZ Bank AG Deutsche Zentral 6.20 9/19/2016 EUR 61.73
DZ Bank AG Deutsche Zentral 5.30 6/20/2016 EUR 60.60
DZ Bank AG Deutsche Zentral 6.70 6/20/2016 EUR 58.61
Deutsche Bank AG 4.20 10/26/2016 EUR 64.00
Deutsche Bank AG 4.20 8/24/2016 EUR 72.10
Deutsche Bank AG 3.20 8/24/2016 EUR 68.90
Deutsche Bank AG 3.20 10/26/2016 EUR 71.70
Vontobel Financial Products 8.95 6/13/2016 EUR 72.80
Deutsche Bank AG 3.20 7/20/2016 EUR 67.00
Deutsche Bank AG 3.20 10/26/2016 EUR 69.30
Deutsche Bank AG 3.20 10/26/2016 EUR 67.20
Deutsche Bank AG 3.20 10/26/2016 EUR 63.40
Deutsche Bank AG 3.20 11/22/2017 EUR 67.50
Deutsche Bank AG 3.20 11/22/2017 EUR 64.10
Deutsche Bank AG 3.20 7/6/2016 EUR 73.60
UniCredit Bank AG 4.15 6/23/2016 EUR 54.56
UniCredit Bank AG 5.00 6/23/2016 EUR 61.56
UniCredit Bank AG 4.50 6/23/2016 EUR 69.67
Deutsche Bank AG 4.20 10/26/2016 EUR 72.50
UniCredit Bank AG 4.00 6/23/2016 EUR 55.66
UniCredit Bank AG 4.30 6/23/2016 EUR 65.01
UniCredit Bank AG 4.20 6/23/2016 EUR 66.30
UniCredit Bank AG 4.80 6/23/2016 EUR 68.30
UniCredit Bank AG 4.85 6/23/2016 EUR 60.98
UniCredit Bank AG 4.45 6/23/2016 EUR 63.48
UniCredit Bank AG 4.00 6/23/2016 EUR 56.80
UniCredit Bank AG 4.15 6/23/2016 EUR 66.97
UniCredit Bank AG 4.20 6/23/2016 EUR 65.16
UniCredit Bank AG 6.00 6/23/2016 EUR 65.87
UniCredit Bank AG 4.25 6/23/2016 EUR 53.49
UniCredit Bank AG 4.00 6/23/2016 EUR 69.04
UniCredit Bank AG 4.90 6/23/2016 EUR 60.69
UniCredit Bank AG 4.75 6/23/2016 EUR 61.59
UniCredit Bank AG 4.25 6/23/2016 EUR 64.82
UniCredit Bank AG 4.30 6/23/2016 EUR 52.97
Commerzbank AG 5.50 6/23/2016 EUR 71.13
Commerzbank AG 9.75 6/23/2016 EUR 65.18
DZ Bank AG Deutsche Zentral 8.25 6/24/2016 EUR 56.18
UBS AG/London 16.36 10/6/2016 USD
Vontobel Financial Products 12.50 6/24/2016 EUR 55.03
Commerzbank AG 5.25 6/23/2016 EUR 61.51
Commerzbank AG 6.50 6/23/2016 EUR 59.91
Commerzbank AG 6.75 6/23/2016 EUR 59.37
Commerzbank AG 8.50 6/23/2016 EUR 57.49
Commerzbank AG 5.00 6/23/2016 EUR 68.24
Commerzbank AG 9.25 6/23/2016 EUR 62.55
Commerzbank AG 9.25 6/23/2016 EUR 73.71
Commerzbank AG 6.00 6/23/2016 EUR 73.55
Commerzbank AG 4.50 6/23/2016 EUR 61.31
Commerzbank AG 3.75 6/23/2016 EUR 60.27
Commerzbank AG 5.25 6/23/2016 EUR 58.05
Commerzbank AG 6.00 6/23/2016 EUR 57.02
Commerzbank AG 7.75 6/23/2016 EUR 55.17
Commerzbank AG 8.50 6/23/2016 EUR 54.28
Commerzbank AG 6.00 6/23/2016 EUR 64.42
Commerzbank AG 9.75 6/23/2016 EUR 59.01
Commerzbank AG 8.50 6/23/2016 EUR 67.57
Commerzbank AG 9.50 6/23/2016 EUR 66.50
Commerzbank AG 10.75 6/23/2016 EUR 52.97
Commerzbank AG 10.00 6/23/2016 EUR 66.50
Commerzbank AG 12.75 6/23/2016 EUR 56.89
Commerzbank AG 7.50 6/23/2016 EUR 73.52
Commerzbank AG 10.25 6/23/2016 EUR 59.59
Commerzbank AG 9.75 6/23/2016 EUR 73.68
Commerzbank AG 10.75 6/23/2016 EUR 72.55
Commerzbank AG 10.25 6/23/2016 EUR 62.33
Commerzbank AG 10.50 6/23/2016 EUR 67.05
Commerzbank AG 11.00 6/23/2016 EUR 66.53
Goldman Sachs & Co Wertpapi 11.00 7/20/2016 EUR 66.70
Goldman Sachs & Co Wertpapi 9.00 12/21/2016 EUR 69.36
Goldman Sachs & Co Wertpapi 4.00 9/21/2016 EUR 57.52
Goldman Sachs & Co Wertpapi 4.00 7/20/2016 EUR 55.46
Goldman Sachs & Co Wertpapi 6.00 3/22/2017 EUR 57.23
Commerzbank AG 15.25 6/23/2016 EUR 63.10
Commerzbank AG 15.75 6/23/2016 EUR 68.38
Commerzbank AG 7.50 6/23/2016 EUR 53.27
Commerzbank AG 11.25 6/23/2016 EUR 49.02
Commerzbank AG 11.50 6/23/2016 EUR 68.21
Zurcher Kantonalbank Financ 8.50 7/17/2017 CHF 61.15
Vontobel Financial Products 9.70 10/28/2016 EUR 71.33
Notenstein La Roche Private 6.00 1/10/2017 CHF 67.03
Vontobel Financial Products 2.05 12/12/2016 EUR 65.94
Goldman Sachs & Co Wertpapi 23.00 7/20/2016 EUR 70.48
Vontobel Financial Products 2.50 9/9/2016 EUR 64.01
Goldman Sachs & Co Wertpapi 8.00 4/20/2016 EUR 71.55
Goldman Sachs & Co Wertpapi 7.00 8/24/2016 EUR 73.08
Goldman Sachs & Co Wertpapi 22.00 9/21/2016 EUR 59.36
Goldman Sachs & Co Wertpapi 21.00 10/26/2016 EUR 60.93
Goldman Sachs & Co Wertpapi 16.00 3/22/2017 EUR 64.42
Vontobel Financial Products 5.70 9/9/2016 EUR 62.63
Vontobel Financial Products 6.30 6/10/2016 EUR 61.55
Vontobel Financial Products 5.10 9/9/2016 EUR 64.22
Vontobel Financial Products 7.00 6/17/2016 EUR 59.55
Leonteq Securities AG/Guern 9.12 7/13/2016 CHF 62.77
Leonteq Securities AG 10.00 7/13/2016 EUR 63.26
UBS AG/London 12.00 7/1/2016 USD 47.10
UBS AG/London 7.50 7/3/2017 EUR 58.20
Vontobel Financial Products 4.45 12/9/2016 EUR 72.19
Goldman Sachs & Co Wertpapi 8.00 4/20/2016 EUR 60.63
Commerzbank AG 8.25 6/23/2016 EUR 49.14
Vontobel Financial Products 3.00 9/9/2016 EUR 55.15
Vontobel Financial Products 3.05 6/10/2016 EUR 54.37
Vontobel Financial Products 4.35 9/9/2016 EUR 53.73
Goldman Sachs & Co Wertpapi 11.00 10/26/2016 EUR 72.52
Vontobel Financial Products 4.60 6/10/2016 EUR 52.67
Goldman Sachs & Co Wertpapi 11.00 10/26/2016 EUR 72.52
Bank Julius Baer & Co Ltd/G 7.65 9/16/2016 CHF 72.65
Deutsche Bank AG 3.20 7/20/2016 EUR 70.20
Deutsche Bank AG 3.20 7/20/2016 EUR 73.30
Deutsche Bank AG 3.20 8/24/2016 EUR 73.40
Deutsche Bank AG 3.20 9/20/2016 EUR 66.30
Deutsche Bank AG 3.20 12/20/2016 EUR 73.40
Deutsche Bank AG 3.20 7/20/2016 EUR 63.60
Deutsche Bank AG 3.20 11/23/2016 EUR 73.40
Deutsche Bank AG 3.20 8/24/2016 EUR 61.40
Deutsche Bank AG 3.20 7/20/2016 EUR 61.20
Deutsche Bank AG 3.20 12/20/2016 EUR 62.10
Deutsche Bank AG 3.20 8/24/2016 EUR 66.20
Deutsche Bank AG 3.20 11/23/2016 EUR 66.50
Deutsche Bank AG 3.20 9/20/2016 EUR 61.60
Deutsche Bank AG 3.20 9/20/2016 EUR 63.90
Deutsche Bank AG 3.20 12/20/2016 EUR 66.60
LBBW 6.00 9/23/2016 EUR 72.65
Deutsche Bank AG 3.20 10/26/2016 EUR 66.40
Deutsche Bank AG 3.20 10/26/2016 EUR 74.00
Deutsche Bank AG 3.20 10/26/2016 EUR 68.40
LBBW 3.00 9/23/2016 EUR 59.58
LBBW 3.00 9/23/2016 EUR 69.00
LBBW 6.50 9/23/2016 EUR 62.33
Deutsche Bank AG 3.20 6/21/2016 EUR 74.10
Deutsche Bank AG 3.20 11/23/2016 EUR 73.90
Deutsche Bank AG 3.20 6/21/2016 EUR 68.00
Deutsche Bank AG 3.20 7/20/2016 EUR 74.10
Deutsche Bank AG 3.20 12/20/2016 EUR 73.90
Deutsche Bank AG 3.20 11/23/2016 EUR 68.50
Credit Suisse AG/Nassau 6.30 1/3/2017 CHF 64.41
Deutsche Bank AG 3.20 11/23/2016 EUR 71.20
Deutsche Bank AG 3.20 9/20/2016 EUR 58.00
Deutsche Bank AG 3.20 11/23/2016 EUR 61.50
Deutsche Bank AG 3.20 9/20/2016 EUR 61.00
Deutsche Bank AG 3.20 12/20/2016 EUR 61.70
Deutsche Bank AG 3.20 12/20/2016 EUR 65.00
Deutsche Bank AG 3.20 10/26/2016 EUR 61.30
Deutsche Bank AG 3.20 9/20/2016 EUR 64.20
Deutsche Bank AG 3.20 12/20/2016 EUR 61.90
Deutsche Bank AG 3.20 10/26/2016 EUR 64.50
Deutsche Bank AG 3.20 8/24/2016 EUR 60.80
Deutsche Bank AG 3.20 9/20/2016 EUR 61.70
Deutsche Bank AG 3.20 10/26/2016 EUR 65.00
Deutsche Bank AG 3.20 12/20/2016 EUR 58.80
Deutsche Bank AG 3.20 7/20/2016 EUR 64.90
Deutsche Bank AG 3.20 7/20/2016 EUR 61.40
Deutsche Bank AG 3.20 8/24/2016 EUR 61.60
Deutsche Bank AG 3.20 6/21/2016 EUR 64.80
Deutsche Bank AG 3.20 11/23/2016 EUR 61.80
Deutsche Bank AG 3.20 11/23/2016 EUR 64.70
Deutsche Bank AG 3.20 6/21/2016 EUR 61.30
Deutsche Bank AG 4.20 9/20/2016 EUR 71.60
Deutsche Bank AG 4.20 10/26/2016 EUR 69.00
Deutsche Bank AG 4.20 9/20/2016 EUR 68.80
Deutsche Bank AG 4.20 12/20/2016 EUR 69.30
Vontobel Financial Products 5.50 6/24/2016 EUR 72.07
Deutsche Bank AG 4.20 10/26/2016 EUR 64.60
Deutsche Bank AG 4.20 9/20/2016 EUR 62.10
Deutsche Bank AG 4.20 10/26/2016 EUR 71.10
Deutsche Bank AG 4.20 10/26/2016 EUR 62.40
Deutsche Bank AG 4.20 11/23/2016 EUR 64.80
Deutsche Bank AG 4.20 11/23/2016 EUR 62.60
Deutsche Bank AG 4.20 9/20/2016 EUR 64.40
Deutsche Bank AG 4.20 11/23/2016 EUR 71.20
Deutsche Bank AG 4.20 8/24/2016 EUR 71.50
Deutsche Bank AG 8.20 6/21/2016 EUR 61.60
Deutsche Bank AG 8.20 10/26/2016 EUR 56.20
Deutsche Bank AG 8.20 11/23/2016 EUR 68.70
Deutsche Bank AG 8.20 12/20/2016 EUR 73.00
Deutsche Bank AG 8.20 10/26/2016 EUR 60.60
Deutsche Bank AG 3.20 6/21/2016 EUR 69.10
Deutsche Bank AG 4.20 11/23/2016 EUR 59.30
Deutsche Bank AG 3.20 9/20/2016 EUR 69.20
Deutsche Bank AG 8.20 11/23/2016 EUR 72.50
Deutsche Bank AG 3.20 9/20/2016 EUR 63.30
Deutsche Bank AG 3.20 12/20/2016 EUR 63.60
Deutsche Bank AG 4.20 10/26/2016 EUR 62.40
Deutsche Bank AG 8.20 12/20/2016 EUR 57.40
Deutsche Bank AG 8.20 11/23/2016 EUR 64.70
Deutsche Bank AG 4.20 11/23/2016 EUR 62.20
Deutsche Bank AG 8.20 9/20/2016 EUR 55.30
Deutsche Bank AG 8.20 12/20/2016 EUR 65.20
Deutsche Bank AG 4.20 10/26/2016 EUR 58.90
Deutsche Bank AG 3.20 9/20/2016 EUR 68.90
Deutsche Bank AG 4.20 9/20/2016 EUR 58.50
Deutsche Bank AG 3.20 12/20/2016 EUR 71.60
Deutsche Bank AG 4.20 12/20/2016 EUR 62.60
Deutsche Bank AG 3.20 12/20/2016 EUR 72.20
Deutsche Bank AG 4.20 9/20/2016 EUR 69.40
Deutsche Bank AG 4.20 9/20/2016 EUR 66.80
Deutsche Bank AG 3.18 7/6/2016 EUR 67.20
Commerzbank AG 10.50 6/23/2016 EUR 56.15
Deutsche Bank AG 4.20 10/26/2016 EUR 69.60
Commerzbank AG 9.00 6/23/2016 EUR 56.47
Deutsche Bank AG 4.20 11/22/2017 EUR 71.70
DZ Bank AG Deutsche Zentral 7.20 6/20/2016 EUR 62.53
Commerzbank AG 10.50 4/21/2016 EUR 70.10
DZ Bank AG Deutsche Zentral 5.10 6/20/2016 EUR 73.79
DZ Bank AG Deutsche Zentral 5.70 9/19/2016 EUR 63.41
DZ Bank AG Deutsche Zentral 7.40 6/20/2016 EUR 57.62
Deutsche Bank AG 4.20 8/24/2016 EUR 63.60
Deutsche Bank AG 4.20 7/6/2016 EUR 71.70
Deutsche Bank AG 3.20 7/20/2016 EUR 71.70
Deutsche Bank AG 3.20 7/20/2016 EUR 68.80
Deutsche Bank AG 3.20 8/24/2016 EUR 71.70
Deutsche Bank AG 3.20 10/26/2016 EUR 69.00
Deutsche Bank AG 3.20 11/22/2017 EUR 67.90
Vontobel Financial Products 7.55 6/17/2016 EUR 72.17
Deutsche Bank AG 3.20 7/20/2016 EUR 69.20
Deutsche Bank AG 3.20 7/20/2016 EUR 63.00
Deutsche Bank AG 3.20 8/24/2016 EUR 69.20
Deutsche Bank AG 3.20 8/24/2016 EUR 67.10
Deutsche Bank AG 3.20 8/24/2016 EUR 63.10
Leonteq Securities AG/Guern 5.14 7/6/2016 EUR 68.49
UniCredit Bank AG 5.00 6/23/2016 EUR 66.97
UniCredit Bank AG 7.00 6/23/2016 EUR 64.83
UniCredit Bank AG 4.65 6/23/2016 EUR 62.21
UniCredit Bank AG 4.00 6/23/2016 EUR 66.57
UniCredit Bank AG 4.10 6/23/2016 EUR 55.11
UniCredit Bank AG 4.70 6/23/2016 EUR 61.90
UniCredit Bank AG 4.50 6/23/2016 EUR 63.16
UniCredit Bank AG 4.35 6/23/2016 EUR 64.38
UniCredit Bank AG 4.05 6/23/2016 EUR 68.33
UniCredit Bank AG 4.05 6/23/2016 EUR 66.21
UniCredit Bank AG 4.35 6/23/2016 EUR 64.14
UniCredit Bank AG 4.80 6/23/2016 EUR 61.28
UniCredit Bank AG 4.20 6/23/2016 EUR 54.02
UniCredit Bank AG 5.50 6/23/2016 EUR 60.07
UniCredit Bank AG 4.25 6/23/2016 EUR 71.10
UniCredit Bank AG 4.10 6/23/2016 EUR 67.64
UniCredit Bank AG 4.00 6/23/2016 EUR 72.58
UniCredit Bank AG 4.55 6/23/2016 EUR 62.84
UniCredit Bank AG 4.30 6/23/2016 EUR 64.48
UniCredit Bank AG 4.15 6/23/2016 EUR 65.51
UniCredit Bank AG 4.00 6/23/2016 EUR 64.81
UniCredit Bank AG 4.10 6/23/2016 EUR 65.86
UniCredit Bank AG 4.25 6/23/2016 EUR 65.65
UniCredit Bank AG 4.50 6/23/2016 EUR 63.14
UniCredit Bank AG 4.40 6/23/2016 EUR 63.81
UniCredit Bank AG 4.60 6/23/2016 EUR 62.52
Credit Suisse AG/London 5.00 7/13/2016 CHF 72.02
Commerzbank AG 6.75 6/23/2016 EUR 66.83
Commerzbank AG 8.75 6/23/2016 EUR 64.04
Commerzbank AG 7.50 6/23/2016 EUR 68.00
Commerzbank AG 10.00 6/23/2016 EUR 74.39
DZ Bank AG Deutsche Zentral 7.40 7/20/2016 EUR 70.56
DZ Bank AG Deutsche Zentral 5.90 7/20/2016 EUR 63.36
DZ Bank AG Deutsche Zentral 6.80 7/20/2016 EUR 58.74
DZ Bank AG Deutsche Zentral 6.75 9/23/2016 EUR 57.08
UBS AG/London 9.52 9/15/2016 USD 16.97
UBS AG 9.76 3/30/2016 USD
Vontobel Financial Products 9.00 9/23/2016 EUR 69.36
Commerzbank AG 6.25 9/22/2016 EUR 70.86
UBS AG/London 7.47 7/20/2016 USD
Commerzbank AG 7.50 9/22/2016 EUR 68.73
UBS AG/London 7.65 7/20/2016 USD
Commerzbank AG 9.00 9/22/2016 EUR 66.85
Commerzbank AG 10.50 9/22/2016 EUR 65.20
Commerzbank AG 8.75 9/22/2016 EUR 72.56
Deutsche Bank AG 7.50 6/21/2016 EUR 73.30
Deutsche Bank AG 7.50 12/20/2016 EUR 68.17
Vontobel Financial Products 6.00 6/24/2016 EUR 56.45
HSBC Trinkaus & Burkhardt A 6.70 4/22/2016 EUR 71.79
HSBC Trinkaus & Burkhardt A 7.60 5/27/2016 EUR 72.50
HSBC Trinkaus & Burkhardt A 17.60 12/23/2016 EUR 65.54
HSBC Trinkaus & Burkhardt A 15.20 12/23/2016 EUR 67.23
HSBC Trinkaus & Burkhardt A 13.40 10/28/2016 EUR 68.78
HSBC Trinkaus & Burkhardt A 13.20 9/23/2016 EUR 68.90
HSBC Trinkaus & Burkhardt A 9.10 9/23/2016 EUR 73.55
UBS AG/London 15.17 9/21/2016 USD
Deutsche Bank AG 9.20 6/21/2016 EUR 64.80
Deutsche Bank AG 8.20 6/21/2016 EUR 62.20
Deutsche Bank AG 9.20 6/21/2016 EUR 62.40
Deutsche Bank AG 8.20 9/20/2016 EUR 66.30
Deutsche Bank AG 9.20 9/20/2016 EUR 66.80
Deutsche Bank AG 9.20 9/20/2016 EUR 64.50
Deutsche Bank AG 8.20 9/20/2016 EUR 64.00
Deutsche Bank AG 9.20 12/20/2016 EUR 68.70
Deutsche Bank AG 8.20 12/20/2016 EUR 65.80
Deutsche Bank AG 9.20 12/20/2016 EUR 66.50
Deutsche Bank AG 9.20 6/21/2016 EUR 59.10
Deutsche Bank AG 8.20 6/21/2016 EUR 58.80
Deutsche Bank AG 9.20 9/20/2016 EUR 61.10
Deutsche Bank AG 8.20 12/20/2016 EUR 62.40
Deutsche Bank AG 9.20 12/20/2016 EUR 63.10
Deutsche Bank AG 8.20 9/20/2016 EUR 60.60
Deutsche Bank AG 8.20 6/21/2016 EUR 69.20
Deutsche Bank AG 9.20 6/21/2016 EUR 69.40
Deutsche Bank AG 8.20 9/20/2016 EUR 70.30
Deutsche Bank AG 9.20 9/20/2016 EUR 70.80
Deutsche Bank AG 8.20 12/20/2016 EUR 72.10
Deutsche Bank AG 9.20 12/20/2016 EUR 72.90
Commerzbank AG 7.50 9/22/2016 EUR 64.15
Commerzbank AG 9.50 9/22/2016 EUR 62.00
Commerzbank AG 11.50 9/22/2016 EUR 60.17
Commerzbank AG 8.50 9/22/2016 EUR 72.14
Commerzbank AG 10.00 9/22/2016 EUR 69.34
Commerzbank AG 11.75 9/22/2016 EUR 66.93
Commerzbank AG 13.50 9/22/2016 EUR 64.80
Goldman Sachs & Co Wertpapi 8.00 8/24/2016 EUR 63.13
Goldman Sachs & Co Wertpapi 8.00 7/20/2016 EUR 62.50
Goldman Sachs & Co Wertpapi 7.00 3/22/2017 EUR 65.72
UBS AG/London 14.14 9/22/2016 USD
Bank Julius Baer & Co Ltd/G 10.85 9/30/2016 EUR 67.40
Leonteq Securities AG 11.00 10/5/2016 CHF 64.08
UBS AG/London 11.89 9/22/2016 USD
DZ Bank AG Deutsche Zentral 8.75 3/29/2016 EUR 55.85
DZ Bank AG Deutsche Zentral 5.50 9/23/2016 EUR 58.61
DZ Bank AG Deutsche Zentral 6.10 9/19/2016 EUR 57.27
DZ Bank AG Deutsche Zentral 4.50 9/19/2016 EUR 68.08
Vontobel Financial Products 8.00 7/22/2016 EUR 57.56
Vontobel Financial Products 8.00 7/22/2016 EUR 63.39
Vontobel Financial Products 8.65 6/24/2016 EUR 72.67
Vontobel Financial Products 8.30 9/23/2016 EUR 74.04
Vontobel Financial Products 10.95 3/29/2016 EUR 73.54
Vontobel Financial Products 7.95 6/24/2016 EUR 56.16
Vontobel Financial Products 7.60 3/29/2016 EUR 55.60
Vontobel Financial Products 7.60 9/23/2016 EUR 56.38
Vontobel Financial Products 8.85 6/24/2016 EUR 55.36
Vontobel Financial Products 5.00 1/10/2017 EUR 57.65
LBBW 2.75 7/26/2019 EUR 66.22
Vontobel Financial Products 4.15 12/23/2016 EUR 63.95
Vontobel Financial Products 7.45 3/29/2016 EUR 71.52
Credit Suisse AG/Nassau 7.25 6/20/2016 CHF 53.18
Deutsche Bank AG 5.00 8/12/2016 EUR 70.23
UBS AG 13.50 6/24/2016 EUR 67.87
UBS AG 8.50 6/24/2016 EUR 63.47
UBS AG 10.50 6/24/2016 EUR 72.54
UBS AG 8.50 6/24/2016 EUR 31.94
Leonteq Securities AG 15.00 11/7/2016 CHF 30.75
Leonteq Securities AG 12.00 11/7/2016 CHF 53.26
Leonteq Securities AG 9.20 11/7/2016 USD 65.76
Lehman Brothers Treasury Co 0.50 12/20/2017 AUD 16.25
Vontobel Financial Products 3.50 9/23/2016 EUR 58.29
UBS AG/London 15.22 9/20/2016 USD
DekaBank Deutsche Girozentr 3.90 5/18/2016 EUR 59.93
Commerzbank AG 5.75 9/22/2016 EUR 72.03
Commerzbank AG 7.00 9/22/2016 EUR 69.84
Commerzbank AG 8.25 9/22/2016 EUR 67.78
Commerzbank AG 9.75 9/22/2016 EUR 66.00
Commerzbank AG 7.75 9/22/2016 EUR 73.42
Commerzbank AG 9.50 9/22/2016 EUR 71.59
Zurcher Kantonalbank Financ 7.52 7/29/2016 CHF 65.30
Bank Julius Baer & Co Ltd/G 9.00 8/2/2016 EUR 61.20
Bank Julius Baer & Co Ltd/G 7.30 8/2/2016 CHF 49.80
DZ Bank AG Deutsche Zentral 7.40 6/20/2016 EUR 67.28
UBS AG/London 11.29 8/11/2016 USD
UBS AG/London 7.68 8/11/2016 USD
Bank Julius Baer & Co Ltd/G 10.00 8/12/2016 EUR 56.05
Vontobel Financial Products 6.60 6/24/2016 EUR 71.65
Vontobel Financial Products 10.55 3/29/2016 EUR 68.22
Vontobel Financial Products 9.05 3/29/2016 EUR 61.57
Vontobel Financial Products 8.80 6/24/2016 EUR 58.01
Bank Julius Baer & Co Ltd/G 12.50 7/8/2016 USD 64.55
Vontobel Financial Products 10.55 3/29/2016 EUR 73.53
DZ Bank AG Deutsche Zentral 5.90 6/20/2016 EUR 59.22
DZ Bank AG Deutsche Zentral 7.10 6/20/2016 EUR 57.65
DZ Bank AG Deutsche Zentral 5.40 9/19/2016 EUR 60.27
DZ Bank AG Deutsche Zentral 6.30 9/19/2016 EUR 58.90
DZ Bank AG Deutsche Zentral 7.30 9/19/2016 EUR 57.67
DZ Bank AG Deutsche Zentral 5.00 6/20/2016 EUR 62.46
DZ Bank AG Deutsche Zentral 6.00 6/20/2016 EUR 60.81
DZ Bank AG Deutsche Zentral 7.90 6/20/2016 EUR 64.42
DZ Bank AG Deutsche Zentral 7.00 9/19/2016 EUR 65.13
DZ Bank AG Deutsche Zentral 7.30 9/19/2016 EUR 73.17
DZ Bank AG Deutsche Zentral 7.10 6/20/2016 EUR 55.26
DZ Bank AG Deutsche Zentral 5.00 9/19/2016 EUR 57.88
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 54.77
DZ Bank AG Deutsche Zentral 5.75 6/20/2016 EUR 54.49
DZ Bank AG Deutsche Zentral 7.50 9/19/2016 EUR 56.63
EFG International Finance G 7.20 6/26/2017 GBP 40.19
Vontobel Financial Products 3.10 1/2/2017 EUR 53.46
Commerzbank AG 5.00 6/23/2016 EUR 62.10
Commerzbank AG 7.25 6/23/2016 EUR 58.89
Commerzbank AG 8.25 6/23/2016 EUR 57.99
Commerzbank AG 4.25 6/23/2016 EUR 69.50
Commerzbank AG 5.75 6/23/2016 EUR 66.98
Commerzbank AG 8.25 6/23/2016 EUR 63.63
Commerzbank AG 6.00 6/23/2016 EUR 59.06
Commerzbank AG 6.75 6/23/2016 EUR 58.02
Commerzbank AG 8.50 6/23/2016 EUR 56.14
Commerzbank AG 9.25 6/23/2016 EUR 55.24
Vontobel Financial Products 5.35 12/16/2016 EUR 66.29
Commerzbank AG 10.25 6/23/2016 EUR 72.18
Commerzbank AG 5.00 6/23/2016 EUR 60.10
Commerzbank AG 8.50 6/23/2016 EUR 72.36
Commerzbank AG 4.50 6/23/2016 EUR 59.13
Commerzbank AG 6.75 6/23/2016 EUR 62.90
Commerzbank AG 8.75 6/23/2016 EUR 60.23
Commerzbank AG 5.75 6/23/2016 EUR 72.74
Commerzbank AG 7.00 6/23/2016 EUR 70.04
Commerzbank AG 9.75 6/23/2016 EUR 53.74
Commerzbank AG 10.25 6/23/2016 EUR 53.34
Commerzbank AG 9.50 6/23/2016 EUR 67.01
Commerzbank AG 13.25 6/23/2016 EUR 56.49
Commerzbank AG 13.50 6/23/2016 EUR 56.04
Commerzbank AG 8.00 6/23/2016 EUR 72.93
Commerzbank AG 9.25 6/23/2016 EUR 63.28
Lehman Brothers Treasury Co 4.00 8/11/2010 USD 13.88
Vontobel Financial Products 8.10 6/24/2016 EUR 73.00
Vontobel Financial Products 10.25 6/24/2016 EUR 72.41
DZ Bank AG Deutsche Zentral 4.50 6/22/2016 EUR 58.13
UBS AG 2.60 12/9/2016 EUR 63.42
UniCredit Bank AG 4.10 6/23/2016 EUR 63.08
UniCredit Bank AG 4.00 6/23/2016 EUR 63.67
UniCredit Bank AG 5.25 6/23/2016 EUR 58.62
UniCredit Bank AG 4.20 6/23/2016 EUR 62.50
UniCredit Bank AG 4.20 6/23/2016 EUR 50.31
UniCredit Bank AG 6.50 6/23/2016 EUR 71.35
UniCredit Bank AG 7.00 6/23/2016 EUR 70.06
UniCredit Bank AG 4.10 6/23/2016 EUR 51.89
UniCredit Bank AG 4.30 6/23/2016 EUR 58.46
UniCredit Bank AG 4.10 6/23/2016 EUR 51.19
UniCredit Bank AG 4.80 6/23/2016 EUR 47.14
UniCredit Bank AG 4.30 6/23/2016 EUR 50.95
UniCredit Bank AG 5.00 6/23/2016 EUR 46.43
UniCredit Bank AG 4.25 6/23/2016 EUR 49.45
UniCredit Bank AG 4.60 6/23/2016 EUR 55.46
UniCredit Bank AG 4.20 6/23/2016 EUR 59.04
UniCredit Bank AG 5.00 6/23/2016 EUR 59.63
UniCredit Bank AG 4.70 6/23/2016 EUR 54.82
UniCredit Bank AG 4.35 6/23/2016 EUR 58.21
UniCredit Bank AG 4.40 6/23/2016 EUR 69.13
UniCredit Bank AG 4.40 6/23/2016 EUR 50.26
LBBW 3.00 6/23/2017 EUR 60.62
LBBW 4.50 6/23/2017 EUR 57.35
LBBW 3.50 6/23/2017 EUR 69.06
LBBW 5.50 6/23/2017 EUR 69.35
LBBW 2.50 6/23/2017 EUR 69.63
LBBW 2.50 6/23/2017 EUR 67.43
LBBW 4.50 6/23/2017 EUR 63.34
LBBW 4.00 6/23/2017 EUR 73.52
LBBW 4.00 6/23/2017 EUR 58.69
LBBW 3.00 6/23/2017 EUR 62.43
UBS AG/London 13.60 8/12/2016 EUR 73.59
UBS AG 2.90 12/9/2016 EUR 67.47
UniCredit Bank AG 6.00 6/23/2016 EUR 56.76
UniCredit Bank AG 4.50 6/23/2016 EUR 56.12
UniCredit Bank AG 5.50 6/23/2016 EUR 74.04
UniCredit Bank AG 4.15 6/23/2016 EUR 51.65
UniCredit Bank AG 5.00 6/23/2016 EUR 52.98
UniCredit Bank AG 7.50 6/23/2016 EUR 69.53
UniCredit Bank AG 4.20 6/23/2016 EUR 51.42
UniCredit Bank AG 4.35 6/23/2016 EUR 70.23
UniCredit Bank AG 4.30 6/23/2016 EUR 57.50
UniCredit Bank AG 6.75 6/23/2016 EUR 70.71
UniCredit Bank AG 6.00 6/23/2016 EUR 72.67
UniCredit Bank AG 4.10 6/23/2016 EUR 59.61
UniCredit Bank AG 4.25 6/23/2016 EUR 61.92
UniCredit Bank AG 4.90 6/23/2016 EUR 53.58
UniCredit Bank AG 4.50 6/23/2016 EUR 61.78
UniCredit Bank AG 4.75 6/23/2016 EUR 60.68
UniCredit Bank AG 5.75 6/23/2016 EUR 73.33
UBS AG/London 10.00 6/3/2016 CHF 49.95
UBS AG/London 6.00 6/3/2016 EUR 49.08
LBBW 4.00 6/23/2017 EUR 65.68
LBBW 3.50 6/23/2017 EUR 65.05
LBBW 5.00 6/23/2017 EUR 71.84
LBBW 2.50 6/23/2017 EUR 62.09
LBBW 5.50 6/23/2017 EUR 56.42
LBBW 4.00 6/23/2017 EUR 60.27
LBBW 6.00 6/23/2017 EUR 57.35
Vontobel Financial Products 3.65 6/10/2016 EUR 65.98
Vontobel Financial Products 5.40 6/10/2016 EUR 61.33
Vontobel Financial Products 5.45 6/10/2016 EUR 72.61
Credit Suisse AG/Nassau 7.00 4/14/2016 EUR 55.05
Leonteq Securities AG 10.94 4/7/2016 USD 70.37
Norddeutsche Landesbank Gir 3.00 5/6/2016 EUR 68.00
Leonteq Securities AG/Guern 9.00 4/8/2016 USD 2.40
DZ Bank AG Deutsche Zentral 4.00 5/6/2016 EUR 57.12
Zurcher Kantonalbank Financ 5.52 4/29/2016 CHF 72.72
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 67.88
Goldman Sachs & Co Wertpapi 11.00 5/25/2016 EUR 68.34
Goldman Sachs & Co Wertpapi 11.00 5/25/2016 EUR 68.34
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 72.97
Goldman Sachs & Co Wertpapi 6.00 5/25/2016 EUR 65.34
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 73.00
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 49.97
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 50.71
Goldman Sachs & Co Wertpapi 6.00 4/20/2016 EUR 54.82
Goldman Sachs & Co Wertpapi 8.00 4/20/2016 EUR 54.93
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 55.54
Goldman Sachs & Co Wertpapi 12.00 6/22/2016 EUR 54.56
Goldman Sachs & Co Wertpapi 12.00 6/22/2016 EUR 54.56
Goldman Sachs & Co Wertpapi 6.00 5/25/2016 EUR 44.36
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 44.66
UBS AG/London 6.50 4/22/2016 CHF 65.25
UBS AG/London 7.75 4/22/2016 EUR 72.08
UBS AG/London 11.25 4/22/2016 CHF 67.17
Bank Julius Baer & Co Ltd/G 7.50 4/29/2016 USD 71.85
Leonteq Securities AG 5.00 5/7/2019 CHF 57.44
Leonteq Securities AG 6.00 5/5/2017 CHF 73.65
Leonteq Securities AG 12.40 5/6/2016 CHF 48.72
Leonteq Securities AG 10.00 5/6/2016 EUR 73.24
Leonteq Securities AG 10.00 5/6/2016 USD 73.16
Notenstein La Roche Private 8.00 11/4/2016 CHF 72.28
Notenstein La Roche Private 5.20 11/4/2016 EUR 53.51
Notenstein La Roche Private 4.50 5/6/2019 CHF 73.23
Notenstein La Roche Private 3.60 11/4/2016 CHF 72.60
Notenstein La Roche Private 3.70 5/4/2018 CHF 70.93
Vontobel Financial Products 4.55 5/27/2016 EUR 71.35
Vontobel Financial Products 5.10 5/27/2016 EUR 48.37
Vontobel Financial Products 4.65 5/27/2016 EUR 73.31
Leonteq Securities AG/Guern 3.22 11/8/2016 USD 67.25
LBBW 3.25 8/25/2017 EUR 63.96
Vontobel Financial Products 7.00 5/27/2016 EUR 72.16
Vontobel Financial Products 6.50 5/27/2016 EUR 50.99
Vontobel Financial Products 7.50 5/27/2016 EUR 70.74
Credit Suisse AG/Nassau 5.25 11/7/2016 CHF 73.86
Banque Cantonale Vaudoise 5.85 5/6/2016 CHF 63.50
Vontobel Financial Products 5.60 5/27/2016 EUR 69.57
Commerzbank AG 7.24 4/27/2017 EUR 56.83
Leonteq Securities AG 8.00 4/24/2017 USD 65.94
Credit Suisse AG/Nassau 7.00 5/9/2016 CHF 69.41
Vontobel Financial Products 7.10 4/28/2016 EUR 71.14
Vontobel Financial Products 6.60 7/28/2016 EUR 70.43
Bank Julius Baer & Co Ltd/G 5.45 5/6/2016 CHF 57.20
Vontobel Financial Products 9.10 5/27/2016 EUR 70.41
DZ Bank AG Deutsche Zentral 5.75 6/24/2016 EUR 54.70
DZ Bank AG Deutsche Zentral 6.75 6/24/2016 EUR 71.04
DZ Bank AG Deutsche Zentral 5.75 6/24/2016 EUR 55.59
DZ Bank AG Deutsche Zentral 5.75 3/29/2016 EUR 54.51
Landesbank Hessen-Thueringe 4.00 8/15/2016 EUR 60.10
Landesbank Hessen-Thueringe 4.30 8/15/2016 EUR 67.40
Landesbank Hessen-Thueringe 4.00 6/5/2019 EUR 66.09
Vontobel Financial Products 5.55 5/27/2016 EUR 69.43
Landesbank Hessen-Thueringe 6.75 4/17/2020 EUR 60.73
DZ Bank AG Deutsche Zentral 5.90 6/20/2016 EUR 70.51
DZ Bank AG Deutsche Zentral 5.00 6/20/2016 EUR 69.78
DZ Bank AG Deutsche Zentral 5.60 6/20/2016 EUR 71.71
DZ Bank AG Deutsche Zentral 5.90 6/20/2016 EUR 51.54
Leonteq Securities AG 8.00 3/31/2017 CHF 70.55
Leonteq Securities AG 4.75 3/30/2016 CHF 74.85
DekaBank Deutsche Girozentr 3.75 3/10/2017 EUR 48.07
DekaBank Deutsche Girozentr 3.15 2/3/2017 EUR 57.03
UBS AG/London 6.25 3/29/2016 EUR 73.24
Notenstein Finance Guernsey 4.00 3/19/2018 CHF 71.18
Notenstein La Roche Private 4.00 9/27/2019 CHF 64.42
Notenstein La Roche Private 4.50 3/27/2018 EUR 51.45
Notenstein La Roche Private 6.50 9/27/2016 CHF 60.07
Notenstein La Roche Private 6.50 9/27/2016 CHF 64.89
Notenstein La Roche Private 5.50 3/27/2017 CHF 73.30
Notenstein La Roche Private 5.00 3/27/2019 CHF 62.35
Notenstein La Roche Private 4.60 9/27/2016 CHF 73.10
Leonteq Securities AG 9.00 6/27/2016 CHF 59.07
Leonteq Securities AG 7.00 6/27/2016 CHF 68.73
Leonteq Securities AG 8.00 6/27/2016 EUR 64.98
Vontobel Financial Products 10.15 3/29/2016 EUR 66.47
Vontobel Financial Products 9.35 6/24/2016 EUR 47.98
Vontobel Financial Products 10.00 3/29/2016 EUR 46.86
Notenstein La Roche Private 9.72 6/20/2016 EUR 71.58
DZ Bank AG Deutsche Zentral 6.40 6/20/2016 EUR 56.36
DZ Bank AG Deutsche Zentral 4.80 6/20/2016 EUR 67.10
DZ Bank AG Deutsche Zentral 5.10 6/20/2016 EUR 65.20
DZ Bank AG Deutsche Zentral 5.60 6/20/2016 EUR 50.33
HSBC Trinkaus & Burkhardt A 9.00 6/24/2016 EUR 66.55
Zurcher Kantonalbank Financ 10.00 3/31/2016 CHF 64.86
Credit Suisse AG/Nassau 7.00 10/3/2016 CHF 63.67
Credit Suisse AG/Nassau 6.00 10/3/2016 EUR 49.19
Vontobel Financial Products 5.00 4/22/2016 EUR 73.16
Vontobel Financial Products 8.00 4/22/2016 EUR 59.94
Bank Julius Baer & Co Ltd/G 5.25 3/31/2016 EUR 67.30
Vontobel Financial Products 17.15 6/24/2016 EUR 59.78
Vontobel Financial Products 21.10 6/24/2016 EUR 49.70
Vontobel Financial Products 17.40 6/24/2016 EUR 59.45
Vontobel Financial Products 20.00 6/24/2016 EUR 43.82
Vontobel Financial Products 17.35 6/24/2016 EUR 55.66
Vontobel Financial Products 16.10 6/24/2016 EUR 73.79
Vontobel Financial Products 19.65 6/24/2016 EUR 73.03
Vontobel Financial Products 18.40 6/24/2016 EUR 59.95
Vontobel Financial Products 11.00 4/22/2016 EUR 48.24
Vontobel Financial Products 9.00 4/22/2016 EUR 69.17
Erste Group Bank AG 6.50 4/17/2016 EUR 68.60
DZ Bank AG Deutsche Zentral 11.75 3/29/2016 EUR 67.76
DZ Bank AG Deutsche Zentral 7.00 3/29/2016 EUR 67.69
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 47.77
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 65.97
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 65.97
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 65.97
Goldman Sachs & Co Wertpapi 6.00 6/22/2016 EUR 71.85
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 66.61
Goldman Sachs & Co Wertpapi 17.00 6/22/2016 EUR 52.58
Goldman Sachs & Co Wertpapi 5.00 6/22/2016 EUR 61.52
Goldman Sachs & Co Wertpapi 16.00 6/22/2016 EUR 58.35
DekaBank Deutsche Girozentr 2.50 12/16/2016 EUR 71.31
DZ Bank AG Deutsche Zentral 5.00 2/6/2018 EUR 63.80
UBS AG 4.00 1/15/2019 EUR 72.63
Raiffeisen Centrobank AG 7.90 7/20/2016 EUR 59.14
Raiffeisen Centrobank AG 9.21 7/20/2016 EUR 58.78
Raiffeisen Centrobank AG 4.61 7/20/2016 EUR 73.44
Raiffeisen Centrobank AG 6.58 7/20/2016 EUR 58.45
Raiffeisen Centrobank AG 6.58 7/20/2016 EUR 57.18
Vontobel Financial Products 10.70 6/24/2016 EUR 65.16
Vontobel Financial Products 8.95 6/24/2016 EUR 61.74
Vontobel Financial Products 7.65 6/24/2016 EUR 65.44
Vontobel Financial Products 4.60 6/24/2016 EUR 72.59
DekaBank Deutsche Girozentr 3.20 1/14/2019 EUR 58.89
Zurcher Kantonalbank Financ 10.00 8/3/2016 EUR 60.97
Landesbank Hessen-Thueringe 3.25 7/15/2016 EUR 74.00
DZ Bank AG Deutsche Zentral 8.00 6/24/2016 EUR 58.77
DZ Bank AG Deutsche Zentral 8.00 3/29/2016 EUR 65.34
DZ Bank AG Deutsche Zentral 8.25 6/24/2016 EUR 61.69
DZ Bank AG Deutsche Zentral 7.75 3/29/2016 EUR 65.46
Credit Suisse AG/London 7.15 7/26/2016 EUR 48.56
Credit Suisse AG/Nassau 8.70 7/13/2016 CHF 58.45
Credit Suisse AG/London 7.00 7/18/2016 CHF 58.74
DZ Bank AG Deutsche Zentral 7.75 6/24/2016 EUR 48.51
DZ Bank AG Deutsche Zentral 6.50 6/24/2016 EUR 58.76
DZ Bank AG Deutsche Zentral 10.00 3/29/2016 EUR 46.12
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 62.27
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 62.27
Goldman Sachs & Co Wertpapi 7.00 6/22/2016 EUR 72.08
Goldman Sachs & Co Wertpapi 14.00 6/22/2016 EUR 58.82
Goldman Sachs & Co Wertpapi 9.00 6/22/2016 EUR 66.84
Goldman Sachs & Co Wertpapi 16.00 6/22/2016 EUR 69.90
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 56.22
Goldman Sachs & Co Wertpapi 15.00 6/22/2016 EUR 46.98
Goldman Sachs & Co Wertpapi 18.00 6/22/2016 EUR 44.46
LBBW 5.00 11/25/2016 EUR 69.85
Vontobel Financial Products 18.30 6/24/2016 EUR 70.90
Vontobel Financial Products 15.05 9/23/2016 EUR 72.43
Financial Sovetnik OOO 11.00 6/11/2018 RUB 0.05
SG Issuer SA 5.50 4/10/2021 EUR 58.44
Deutsche Bank AG 7.50 9/20/2016 EUR 64.97
Deutsche Bank AG 7.50 9/20/2016 EUR 70.53
Deutsche Bank AG 7.50 9/20/2016 EUR 59.87
DZ Bank AG Deutsche Zentral 8.90 9/23/2016 EUR 72.81
DZ Bank AG Deutsche Zentral 5.50 9/23/2016 EUR 70.75
DZ Bank AG Deutsche Zentral 5.60 6/24/2016 EUR 69.89
DZ Bank AG Deutsche Zentral 6.90 9/23/2016 EUR 67.72
DZ Bank AG Deutsche Zentral 6.30 6/24/2016 EUR 53.41
DZ Bank AG Deutsche Zentral 8.20 9/23/2016 EUR 69.85
DZ Bank AG Deutsche Zentral 9.00 9/23/2016 EUR 58.68
Vontobel Financial Products 6.30 8/26/2016 EUR 58.41
Leonteq Securities AG 9.40 10/24/2016 EUR 60.27
Vontobel Financial Products 6.50 7/22/2016 EUR 61.89
Goldman Sachs & Co Wertpapi 21.00 7/20/2016 EUR 69.49
Goldman Sachs & Co Wertpapi 4.00 8/24/2016 EUR 66.45
Goldman Sachs & Co Wertpapi 7.00 4/20/2016 EUR 60.79
Goldman Sachs & Co Wertpapi 6.00 5/25/2016 EUR 64.83
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 61.61
Goldman Sachs & Co Wertpapi 6.00 6/22/2016 EUR 65.25
Goldman Sachs & Co Wertpapi 6.00 7/20/2016 EUR 65.62
Goldman Sachs & Co Wertpapi 6.00 8/24/2016 EUR 66.02
Goldman Sachs & Co Wertpapi 6.00 4/20/2016 EUR 64.34
Goldman Sachs & Co Wertpapi 13.00 7/20/2016 EUR 58.24
UBS AG 8.85 7/21/2016 USD 33.77
UBS AG/London 5.75 7/22/2016 CHF 57.83
UBS AG/London 8.00 7/22/2016 CHF 64.73
UBS AG/London 8.50 7/22/2016 CHF 71.07
Vontobel Financial Products 8.90 3/29/2016 EUR 57.47
Vontobel Financial Products 8.65 6/24/2016 EUR 54.27
Vontobel Financial Products 7.40 9/23/2016 EUR 55.81
Vontobel Financial Products 3.20 9/23/2016 EUR 61.66
Vontobel Financial Products 4.00 3/29/2016 EUR 63.75
Vontobel Financial Products 3.40 6/24/2016 EUR 61.06
Vontobel Financial Products 9.35 3/29/2016 EUR 55.64
Vontobel Financial Products 9.60 6/24/2016 EUR 56.54
Vontobel Financial Products 8.15 9/23/2016 EUR 58.16
Vontobel Financial Products 11.50 6/24/2016 EUR 72.61
Vontobel Financial Products 7.25 6/24/2016 EUR 71.96
Vontobel Financial Products 11.15 3/29/2016 EUR 73.54
Vontobel Financial Products 9.60 6/24/2016 EUR 72.66
Vontobel Financial Products 8.30 9/23/2016 EUR 74.04
Vontobel Financial Products 8.10 6/24/2016 EUR 55.61
Vontobel Financial Products 8.65 3/29/2016 EUR 57.47
Bank Julius Baer & Co Ltd/G 7.50 7/22/2016 CHF 71.60
Zurcher Kantonalbank Financ 5.00 7/27/2017 CHF 73.52
UBS AG/London 7.88 7/21/2016 USD
Bank Julius Baer & Co Ltd/G 5.60 7/24/2017 EUR 70.15
Vontobel Financial Products 5.65 3/29/2016 EUR 60.69
Vontobel Financial Products 5.70 6/24/2016 EUR 58.10
Vontobel Financial Products 10.30 6/24/2016 EUR 53.35
Vontobel Financial Products 11.65 3/29/2016 EUR 54.58
Vontobel Financial Products 6.45 8/26/2016 EUR 73.19
Vontobel Financial Products 7.45 8/26/2016 EUR 69.58
Commerzbank AG 4.00 7/21/2016 EUR 59.37
Commerzbank AG 4.25 7/21/2016 EUR 58.79
Commerzbank AG 4.50 7/21/2016 EUR 58.25
Commerzbank AG 5.00 7/21/2016 EUR 57.78
Commerzbank AG 5.50 7/21/2016 EUR 57.33
Commerzbank AG 5.75 7/21/2016 EUR 56.83
Commerzbank AG 6.25 7/21/2016 EUR 56.40
Commerzbank AG 6.75 7/21/2016 EUR 55.98
Commerzbank AG 7.00 7/21/2016 EUR 55.51
Commerzbank AG 7.50 7/21/2016 EUR 55.11
Commerzbank AG 8.00 7/21/2016 EUR 54.73
Commerzbank AG 8.50 7/21/2016 EUR 54.37
Commerzbank AG 9.00 7/21/2016 EUR 54.01
Commerzbank AG 4.00 7/21/2016 EUR 71.44
Commerzbank AG 4.50 7/21/2016 EUR 70.83
Commerzbank AG 4.75 7/21/2016 EUR 70.22
Commerzbank AG 5.25 7/21/2016 EUR 69.64
Commerzbank AG 5.50 7/21/2016 EUR 69.04
Commerzbank AG 6.00 7/21/2016 EUR 68.48
Commerzbank AG 6.50 7/21/2016 EUR 67.99
Commerzbank AG 7.00 7/21/2016 EUR 67.45
Commerzbank AG 7.50 7/21/2016 EUR 66.97
Commerzbank AG 7.75 7/21/2016 EUR 66.38
Commerzbank AG 8.25 7/21/2016 EUR 65.93
Commerzbank AG 8.75 7/21/2016 EUR 65.44
Commerzbank AG 9.25 7/21/2016 EUR 65.01
Commerzbank AG 4.75 7/21/2016 EUR 62.62
Commerzbank AG 5.75 7/21/2016 EUR 61.23
Commerzbank AG 6.75 7/21/2016 EUR 59.91
Commerzbank AG 7.75 7/21/2016 EUR 58.65
Commerzbank AG 8.75 7/21/2016 EUR 57.54
Commerzbank AG 9.75 7/21/2016 EUR 56.46
Commerzbank AG 11.00 7/21/2016 EUR 55.52
Commerzbank AG 5.00 7/21/2016 EUR 74.02
Commerzbank AG 6.00 7/21/2016 EUR 72.87
Commerzbank AG 7.00 7/21/2016 EUR 71.76
Commerzbank AG 4.50 7/21/2016 EUR 63.53
Zurcher Kantonalbank Financ 7.00 8/4/2016 EUR 63.32
Vontobel Financial Products 6.80 1/27/2017 EUR 72.76
Vontobel Financial Products 4.00 6/24/2016 EUR 71.15
Credit Suisse AG/Nassau 6.00 8/7/2017 CHF 71.53
DZ Bank AG Deutsche Zentral 5.50 8/26/2016 EUR 73.03
DZ Bank AG Deutsche Zentral 6.00 8/26/2016 EUR 66.98
DZ Bank AG Deutsche Zentral 5.50 8/26/2016 EUR 64.94
DZ Bank AG Deutsche Zentral 6.25 8/26/2016 EUR 63.51
DZ Bank AG Deutsche Zentral 5.00 8/26/2016 EUR 66.92
DZ Bank AG Deutsche Zentral 5.75 12/23/2016 EUR 61.41
DZ Bank AG Deutsche Zentral 5.25 12/23/2016 EUR 65.18
DZ Bank AG Deutsche Zentral 5.75 12/23/2016 EUR 58.00
Bank Julius Baer & Co Ltd/G 6.70 8/4/2016 EUR 61.90
Commerzbank AG 7.25 7/21/2016 EUR 69.97
Commerzbank AG 7.75 7/21/2016 EUR 69.10
Commerzbank AG 8.25 7/21/2016 EUR 68.19
Commerzbank AG 9.00 7/21/2016 EUR 67.45
Commerzbank AG 9.50 7/21/2016 EUR 66.65
Commerzbank AG 10.25 7/21/2016 EUR 65.96
Commerzbank AG 11.25 6/23/2016 EUR 71.22
Commerzbank AG 15.50 6/23/2016 EUR 65.48
Commerzbank AG 7.75 6/23/2016 EUR 51.21
Commerzbank AG 9.75 6/23/2016 EUR 49.08
Commerzbank AG 12.00 6/23/2016 EUR 47.29
Commerzbank AG 9.00 7/21/2016 EUR 72.88
Commerzbank AG 6.50 7/21/2016 EUR 69.08
Commerzbank AG 8.00 7/21/2016 EUR 66.61
Commerzbank AG 9.50 7/21/2016 EUR 64.31
Commerzbank AG 11.00 7/21/2016 EUR 62.27
Commerzbank AG 12.75 7/21/2016 EUR 60.50
Commerzbank AG 10.00 7/21/2016 EUR 68.83
Commerzbank AG 14.25 7/21/2016 EUR 63.66
Commerzbank AG 12.25 7/21/2016 EUR 75.38
Commerzbank AG 14.00 7/21/2016 EUR 73.17
Commerzbank AG 12.25 7/21/2016 EUR 72.55
UBS AG 9.57 7/26/2016 USD
Commerzbank AG 5.50 7/21/2016 EUR 72.76
Commerzbank AG 6.00 7/21/2016 EUR 71.73
Commerzbank AG 6.75 7/21/2016 EUR 70.88
Bank Julius Baer & Co Ltd/G 10.20 7/27/2016 EUR 69.10
Vontobel Financial Products 8.95 3/29/2016 EUR 60.04
Vontobel Financial Products 8.80 6/24/2016 EUR 60.82
DZ Bank AG Deutsche Zentral 7.25 9/19/2016 EUR 55.08
DZ Bank AG Deutsche Zentral 6.60 6/20/2016 EUR 54.36
DZ Bank AG Deutsche Zentral 6.10 9/19/2016 EUR 55.72
DZ Bank AG Deutsche Zentral 7.60 6/20/2016 EUR 66.67
DZ Bank AG Deutsche Zentral 6.70 9/19/2016 EUR 67.81
Commerzbank AG 8.25 7/21/2016 EUR 72.12
Commerzbank AG 6.00 7/21/2016 EUR 63.01
Commerzbank AG 6.75 7/21/2016 EUR 61.96
Commerzbank AG 7.50 7/21/2016 EUR 60.95
Commerzbank AG 8.50 7/21/2016 EUR 60.11
Commerzbank AG 9.25 7/21/2016 EUR 59.20
Commerzbank AG 8.25 7/21/2016 EUR 73.16
Commerzbank AG 9.25 7/21/2016 EUR 72.09
Commerzbank AG 4.25 7/21/2016 EUR 66.03
Commerzbank AG 5.00 7/21/2016 EUR 64.89
Commerzbank AG 6.00 7/21/2016 EUR 63.87
Commerzbank AG 6.75 7/21/2016 EUR 62.82
Commerzbank AG 7.75 7/21/2016 EUR 61.90
Commerzbank AG 8.50 7/21/2016 EUR 60.96
Commerzbank AG 4.25 7/21/2016 EUR 71.46
Commerzbank AG 5.25 7/21/2016 EUR 69.86
Commerzbank AG 6.00 7/21/2016 EUR 68.29
Commerzbank AG 7.00 7/21/2016 EUR 66.87
Commerzbank AG 8.25 7/21/2016 EUR 65.62
Commerzbank AG 9.25 7/21/2016 EUR 64.36
Commerzbank AG 6.75 7/21/2016 EUR 72.70
Commerzbank AG 9.00 7/21/2016 EUR 69.91
Commerzbank AG 5.25 7/21/2016 EUR 69.46
Commerzbank AG 6.75 7/21/2016 EUR 67.16
Commerzbank AG 8.50 7/21/2016 EUR 65.09
Commerzbank AG 6.50 7/21/2016 EUR 64.26
Commerzbank AG 8.75 7/21/2016 EUR 61.85
Commerzbank AG 5.00 7/21/2016 EUR 65.56
Commerzbank AG 6.50 7/21/2016 EUR 63.46
Commerzbank AG 8.25 7/21/2016 EUR 61.55
Commerzbank AG 5.25 7/21/2016 EUR 72.88
Commerzbank AG 7.50 7/21/2016 EUR 70.07
Commerzbank AG 7.00 6/23/2016 EUR 52.48
Commerzbank AG 8.75 6/23/2016 EUR 50.77
Commerzbank AG 10.75 6/23/2016 EUR 49.32
Leonteq Securities AG 10.00 12/22/2016 CHF 62.58
UBS AG 8.53 7/28/2016 USD
UBS AG 4.39 7/27/2017 USD
UBS AG 4.57 7/27/2017 USD
UBS AG 8.42 7/27/2016 USD
Zurcher Kantonalbank Financ 7.52 8/5/2016 EUR 69.45
Bank J Safra Sarasin AG/Gue 7.45 7/28/2016 CHF 72.93
Vontobel Financial Products 8.95 7/22/2016 EUR 66.11
Vontobel Financial Products 8.15 9/23/2016 EUR 67.11
Vontobel Financial Products 10.60 3/29/2016 EUR 68.23
Vontobel Financial Products 7.80 7/22/2016 EUR 54.68
Vontobel Financial Products 10.65 7/22/2016 EUR 52.27
Vontobel Financial Products 5.30 7/22/2016 EUR 57.62
Vontobel Financial Products 5.45 6/24/2016 EUR 57.25
Vontobel Financial Products 4.95 3/29/2016 EUR 61.49
Vontobel Financial Products 2.45 3/29/2016 EUR 66.18
Notenstein La Roche Private 2.75 8/7/2019 CHF 69.78
Notenstein La Roche Private 3.10 8/14/2019 CHF 72.21
Vontobel Financial Products 9.05 3/29/2016 EUR 58.56
Vontobel Financial Products 9.45 6/24/2016 EUR 59.36
Vontobel Financial Products 8.05 9/23/2016 EUR 60.89
Vontobel Financial Products 8.50 7/22/2016 EUR 60.80
Vontobel Financial Products 4.70 3/29/2016 EUR 64.94
Vontobel Financial Products 5.30 7/22/2016 EUR 64.63
UniCredit Bank AG 4.88 8/25/2017 EUR 73.33
Commerzbank AG 7.50 7/21/2016 EUR 54.06
Commerzbank AG 7.50 7/21/2016 EUR 65.10
Commerzbank AG 8.00 7/21/2016 EUR 72.79
Notenstein La Roche Private 7.50 2/7/2017 EUR 71.01
Notenstein La Roche Private 7.00 2/7/2017 CHF 70.83
Notenstein La Roche Private 5.50 8/7/2018 CHF 69.68
Notenstein La Roche Private 5.00 8/7/2018 CHF 70.02
Goldman Sachs & Co Wertpapi 21.00 7/20/2016 EUR 70.33
Goldman Sachs & Co Wertpapi 21.00 7/20/2016 EUR 69.30
Goldman Sachs & Co Wertpapi 7.00 8/24/2016 EUR 71.69
Goldman Sachs & Co Wertpapi 10.00 8/24/2016 EUR 67.37
Goldman Sachs & Co Wertpapi 7.00 8/24/2016 EUR 58.62
Goldman Sachs & Co Wertpapi 8.00 8/24/2016 EUR 57.12
Goldman Sachs & Co Wertpapi 13.00 3/22/2017 EUR 56.20
Goldman Sachs & Co Wertpapi 9.00 6/21/2017 EUR 59.71
Goldman Sachs & Co Wertpapi 12.00 6/21/2017 EUR 58.14
Bank Julius Baer & Co Ltd/G 13.68 7/28/2016 CHF 51.20
DZ Bank AG Deutsche Zentral 6.75 6/24/2016 EUR 58.25
DZ Bank AG Deutsche Zentral 5.25 6/24/2016 EUR 58.91
DZ Bank AG Deutsche Zentral 4.90 9/19/2016 EUR 67.32
DZ Bank AG Deutsche Zentral 4.80 9/19/2016 EUR 60.04
DZ Bank AG Deutsche Zentral 4.90 6/20/2016 EUR 67.44
Vontobel Financial Products 9.00 7/22/2016 EUR 72.46
Vontobel Financial Products 7.35 9/23/2016 EUR 73.45
Vontobel Financial Products 9.50 6/24/2016 EUR 72.64
Vontobel Financial Products 6.90 9/23/2016 EUR 57.56
Vontobel Financial Products 9.00 3/29/2016 EUR 54.47
EFG International Finance G 7.20 7/29/2020 EUR 63.70
Vontobel Financial Products 8.70 3/29/2016 EUR 65.99
Vontobel Financial Products 6.90 6/24/2016 EUR 67.14
Vontobel Financial Products 9.15 6/24/2016 EUR 71.72
Vontobel Financial Products 5.15 6/24/2016 EUR 73.40
UBS AG 5.00 6/24/2016 EUR 62.56
UBS AG 11.50 6/24/2016 EUR 54.20
Leonteq Securities AG 8.00 11/7/2016 CHF 71.12
Notenstein La Roche Private 6.00 8/7/2017 CHF 72.61
UBS AG/London 8.90 6/9/2017 EUR 75.69
UBS AG/London 9.60 3/10/2017 EUR 74.16
UBS AG/London 8.40 6/9/2017 EUR 74.91
UBS AG/London 12.00 8/12/2016 EUR 72.86
UBS AG/London 9.00 3/10/2017 EUR 73.43
Vontobel Financial Products 4.65 12/9/2016 EUR 69.13
Commerzbank AG 5.50 8/25/2016 EUR 63.04
Vontobel Financial Products 4.95 9/23/2016 EUR 68.90
UBS AG 4.75 9/23/2016 EUR 71.23
Credit Suisse AG/Nassau 8.00 9/16/2016 CHF 73.16
DZ Bank AG Deutsche Zentral 6.00 6/24/2016 EUR 71.80
DZ Bank AG Deutsche Zentral 9.50 9/23/2016 EUR 73.56
DZ Bank AG Deutsche Zentral 5.50 6/24/2016 EUR 62.36
DZ Bank AG Deutsche Zentral 10.00 8/26/2016 EUR 75.67
Barclays Bank PLC 8.50 9/16/2016 USD 9.62
DZ Bank AG Deutsche Zentral 5.00 6/17/2016 EUR 72.79
UniCredit Bank AG 5.10 6/15/2016 EUR 62.92
Leonteq Securities AG 9.40 8/17/2016 EUR 66.38
Leonteq Securities AG 6.77 8/17/2017 CHF 56.82
DZ Bank AG Deutsche Zentral 4.70 8/24/2016 EUR 58.31
DZ Bank AG Deutsche Zentral 5.75 12/23/2016 EUR 57.40
DZ Bank AG Deutsche Zentral 6.50 3/29/2016 EUR 62.91
DZ Bank AG Deutsche Zentral 5.75 6/24/2016 EUR 61.04
Banque Cantonale Vaudoise/G 8.25 8/17/2016 EUR 65.05
Vontobel Financial Products 5.10 12/2/2016 EUR 63.72
Vontobel Financial Products 7.85 8/26/2016 EUR 70.08
DZ Bank AG Deutsche Zentral 7.25 3/29/2016 EUR 62.85
Deutsche Bank AG 6.20 9/20/2016 EUR 63.00
Deutsche Bank AG 6.20 9/20/2016 EUR 60.90
Deutsche Bank AG 4.20 9/20/2016 EUR 59.90
Deutsche Bank AG 4.20 12/20/2016 EUR 60.70
Deutsche Bank AG 5.20 6/21/2016 EUR 71.40
Deutsche Bank AG 6.20 6/21/2016 EUR 71.70
Deutsche Bank AG 6.20 9/20/2016 EUR 72.60
Deutsche Bank AG 5.20 9/20/2016 EUR 72.10
Deutsche Bank AG 5.20 12/20/2016 EUR 72.70
Deutsche Bank AG 6.20 12/20/2016 EUR 73.40
Deutsche Bank AG 4.20 6/21/2016 EUR 68.20
Deutsche Bank AG 6.20 9/20/2016 EUR 73.30
Deutsche Bank AG 5.20 9/20/2016 EUR 72.80
Deutsche Bank AG 4.20 9/20/2016 EUR 72.30
Deutsche Bank AG 4.20 9/20/2016 EUR 68.30
Deutsche Bank AG 5.20 9/20/2016 EUR 68.80
Deutsche Bank AG 6.20 9/20/2016 EUR 69.30
Deutsche Bank AG 5.20 9/20/2016 EUR 65.20
Deutsche Bank AG 4.20 9/20/2016 EUR 64.70
Deutsche Bank AG 6.20 9/20/2016 EUR 65.70
Deutsche Bank AG 5.20 12/20/2016 EUR 73.60
Deutsche Bank AG 4.20 12/20/2016 EUR 72.90
Deutsche Bank AG 5.20 12/20/2016 EUR 69.90
Deutsche Bank AG 6.20 12/20/2016 EUR 70.60
Deutsche Bank AG 4.20 12/20/2016 EUR 69.20
Deutsche Bank AG 5.20 12/20/2016 EUR 66.40
Deutsche Bank AG 6.20 12/20/2016 EUR 67.20
Deutsche Bank AG 4.20 12/20/2016 EUR 65.70
Deutsche Bank AG 5.20 3/21/2017 EUR 72.90
Deutsche Bank AG 5.20 3/21/2017 EUR 64.60
Deutsche Bank AG 7.20 3/21/2017 EUR 66.60
Deutsche Bank AG 5.20 3/21/2017 EUR 62.60
Deutsche Bank AG 7.20 3/21/2017 EUR 64.50
Deutsche Bank AG 7.20 3/21/2017 EUR 62.60
Deutsche Bank AG 5.20 3/21/2017 EUR 60.60
Deutsche Bank AG 7.20 3/21/2017 EUR 60.80
Deutsche Bank AG 5.20 3/21/2017 EUR 58.80
Deutsche Bank AG 5.20 3/21/2017 EUR 57.10
Deutsche Bank AG 7.20 3/21/2017 EUR 59.10
Deutsche Bank AG 5.20 3/21/2017 EUR 73.50
Deutsche Bank AG 7.20 3/21/2017 EUR 70.50
Deutsche Bank AG 5.20 3/21/2017 EUR 66.90
Deutsche Bank AG 7.20 3/21/2017 EUR 68.90
Deutsche Bank AG 7.20 3/21/2017 EUR 66.00
Deutsche Bank AG 5.20 3/21/2017 EUR 64.00
Deutsche Bank AG 5.20 3/21/2017 EUR 61.30
Deutsche Bank AG 7.20 3/21/2017 EUR 63.30
Deutsche Bank AG 5.20 6/21/2016 EUR 65.20
Deutsche Bank AG 4.20 6/21/2016 EUR 65.00
Deutsche Bank AG 6.20 6/21/2016 EUR 65.50
Deutsche Bank AG 5.20 6/21/2016 EUR 61.70
Deutsche Bank AG 6.20 6/21/2016 EUR 62.00
Deutsche Bank AG 6.20 9/20/2016 EUR 66.40
Deutsche Bank AG 5.20 9/20/2016 EUR 65.90
Deutsche Bank AG 4.20 9/20/2016 EUR 65.40
Deutsche Bank AG 6.20 9/20/2016 EUR 63.10
Deutsche Bank AG 5.20 9/20/2016 EUR 62.60
Deutsche Bank AG 6.20 12/20/2016 EUR 67.20
Deutsche Bank AG 5.20 12/20/2016 EUR 66.50
Deutsche Bank AG 4.20 12/20/2016 EUR 65.80
Deutsche Bank AG 5.20 12/20/2016 EUR 63.40
Deutsche Bank AG 6.20 12/20/2016 EUR 64.10
Deutsche Bank AG 5.20 3/21/2017 EUR 73.30
Deutsche Bank AG 7.20 3/21/2017 EUR 72.90
Deutsche Bank AG 5.20 3/21/2017 EUR 70.90
Deutsche Bank AG 5.20 3/21/2017 EUR 67.60
Deutsche Bank AG 7.20 3/21/2017 EUR 69.50
Deutsche Bank AG 7.20 7/20/2016 EUR 71.50
Deutsche Bank AG 7.20 8/24/2016 EUR 72.00
Deutsche Bank AG 5.20 10/26/2016 EUR 71.70
Deutsche Bank AG 7.20 10/26/2016 EUR 72.90
Deutsche Bank AG 7.20 11/23/2016 EUR 73.20
Deutsche Bank AG 5.20 11/23/2016 EUR 71.90
Deutsche Bank AG 7.20 7/20/2016 EUR 62.50
Deutsche Bank AG 7.20 7/20/2016 EUR 60.30
Deutsche Bank AG 7.20 7/20/2016 EUR 58.20
Deutsche Bank AG 7.20 7/20/2016 EUR 56.30
Deutsche Bank AG 7.20 7/20/2016 EUR 54.50
Deutsche Bank AG 7.20 8/24/2016 EUR 63.10
Deutsche Bank AG 7.20 8/24/2016 EUR 60.90
Deutsche Bank AG 7.20 8/24/2016 EUR 58.90
Deutsche Bank AG 7.20 8/24/2016 EUR 57.00
Deutsche Bank AG 7.20 8/24/2016 EUR 55.20
Deutsche Bank AG 5.20 10/26/2016 EUR 63.00
Deutsche Bank AG 7.20 10/26/2016 EUR 64.10
Deutsche Bank AG 7.20 10/26/2016 EUR 62.00
Deutsche Bank AG 5.20 10/26/2016 EUR 60.80
Deutsche Bank AG 7.20 10/26/2016 EUR 60.00
Deutsche Bank AG 5.20 10/26/2016 EUR 58.80
Deutsche Bank AG 7.20 10/26/2016 EUR 58.10
Deutsche Bank AG 5.20 10/26/2016 EUR 57.00
Deutsche Bank AG 5.20 10/26/2016 EUR 55.20
Deutsche Bank AG 7.20 10/26/2016 EUR 56.40
Deutsche Bank AG 7.20 11/23/2016 EUR 64.60
Deutsche Bank AG 5.20 11/23/2016 EUR 63.30
Deutsche Bank AG 5.20 11/23/2016 EUR 61.10
Deutsche Bank AG 7.20 11/23/2016 EUR 62.50
Deutsche Bank AG 5.20 11/23/2016 EUR 59.20
Deutsche Bank AG 7.20 11/23/2016 EUR 60.50
Deutsche Bank AG 5.20 11/23/2016 EUR 57.30
Deutsche Bank AG 7.20 11/23/2016 EUR 58.60
Deutsche Bank AG 7.20 11/23/2016 EUR 56.90
Deutsche Bank AG 5.20 11/23/2016 EUR 55.50
Deutsche Bank AG 7.20 7/20/2016 EUR 72.30
Deutsche Bank AG 5.20 7/20/2016 EUR 71.60
Deutsche Bank AG 7.20 7/20/2016 EUR 66.70
Deutsche Bank AG 5.20 7/20/2016 EUR 66.10
Deutsche Bank AG 7.20 8/24/2016 EUR 72.70
Deutsche Bank AG 5.20 8/24/2016 EUR 71.90
Deutsche Bank AG 5.20 8/24/2016 EUR 66.40
Deutsche Bank AG 7.20 8/24/2016 EUR 67.30
Deutsche Bank AG 5.20 10/26/2016 EUR 72.30
Deutsche Bank AG 7.20 10/26/2016 EUR 73.50
Deutsche Bank AG 5.20 10/26/2016 EUR 67.10
Deutsche Bank AG 7.20 10/26/2016 EUR 68.20
Deutsche Bank AG 7.20 11/23/2016 EUR 73.80
Deutsche Bank AG 5.20 11/23/2016 EUR 72.50
Deutsche Bank AG 5.20 11/23/2016 EUR 67.30
Deutsche Bank AG 7.20 11/23/2016 EUR 68.70
Deutsche Bank AG 5.20 7/20/2016 EUR 65.50
Deutsche Bank AG 7.20 7/20/2016 EUR 66.20
Deutsche Bank AG 7.20 7/20/2016 EUR 62.70
Deutsche Bank AG 5.20 7/20/2016 EUR 62.10
Deutsche Bank AG 7.20 7/20/2016 EUR 59.60
Deutsche Bank AG 5.20 8/24/2016 EUR 65.80
Deutsche Bank AG 7.20 8/24/2016 EUR 66.60
Deutsche Bank AG 7.20 8/24/2016 EUR 63.20
Deutsche Bank AG 5.20 8/24/2016 EUR 62.40
Deutsche Bank AG 7.20 8/24/2016 EUR 60.20
Deutsche Bank AG 5.20 10/26/2016 EUR 66.20
Deutsche Bank AG 7.20 10/26/2016 EUR 67.40
Deutsche Bank AG 5.20 10/26/2016 EUR 62.90
Deutsche Bank AG 7.20 10/26/2016 EUR 64.10
Deutsche Bank AG 7.20 10/26/2016 EUR 61.20
Deutsche Bank AG 5.20 10/26/2016 EUR 60.00
Deutsche Bank AG 7.20 11/23/2016 EUR 67.70
Deutsche Bank AG 5.20 11/23/2016 EUR 66.30
Deutsche Bank AG 5.20 11/23/2016 EUR 63.20
Deutsche Bank AG 7.20 11/23/2016 EUR 64.50
Deutsche Bank AG 5.20 11/23/2016 EUR 60.20
Deutsche Bank AG 7.20 11/23/2016 EUR 61.60
Deutsche Bank AG 7.20 7/20/2016 EUR 72.60
Deutsche Bank AG 7.20 8/24/2016 EUR 73.10
Deutsche Bank AG 5.20 10/26/2016 EUR 72.80
Deutsche Bank AG 5.20 11/23/2016 EUR 73.00
Deutsche Bank AG 5.20 7/6/2016 EUR 71.90
Deutsche Bank AG 7.20 7/6/2016 EUR 72.50
Deutsche Bank AG 5.20 7/6/2016 EUR 67.90
Deutsche Bank AG 7.20 7/6/2016 EUR 68.40
Deutsche Bank AG 7.20 7/6/2016 EUR 64.80
Deutsche Bank AG 5.20 7/6/2016 EUR 64.20
Deutsche Bank AG 5.20 8/24/2016 EUR 72.50
Deutsche Bank AG 7.20 8/24/2016 EUR 73.30
Deutsche Bank AG 5.20 8/24/2016 EUR 68.50
Deutsche Bank AG 7.20 8/24/2016 EUR 69.30
Deutsche Bank AG 7.20 8/24/2016 EUR 65.70
Deutsche Bank AG 5.20 8/24/2016 EUR 64.90
Deutsche Bank AG 5.20 10/26/2016 EUR 73.10
Deutsche Bank AG 5.20 10/26/2016 EUR 69.30
Deutsche Bank AG 7.20 10/26/2016 EUR 70.40
Deutsche Bank AG 5.20 10/26/2016 EUR 65.70
Deutsche Bank AG 7.20 10/26/2016 EUR 66.90
Deutsche Bank AG 5.20 11/23/2016 EUR 73.40
Deutsche Bank AG 5.20 11/23/2016 EUR 69.60
Deutsche Bank AG 7.20 11/23/2016 EUR 70.90
Deutsche Bank AG 7.20 11/23/2016 EUR 67.40
Deutsche Bank AG 5.20 11/23/2016 EUR 66.10
DZ Bank AG Deutsche Zentral 6.70 6/20/2016 EUR 71.21
DZ Bank AG Deutsche Zentral 5.10 9/19/2016 EUR 71.25
DZ Bank AG Deutsche Zentral 7.60 9/19/2016 EUR 64.54
DZ Bank AG Deutsche Zentral 12.00 6/20/2016 EUR 72.72
DZ Bank AG Deutsche Zentral 8.25 6/20/2016 EUR 72.01
DZ Bank AG Deutsche Zentral 6.50 6/20/2016 EUR 58.69
DZ Bank AG Deutsche Zentral 6.00 9/19/2016 EUR 59.49
DZ Bank AG Deutsche Zentral 6.75 9/19/2016 EUR 59.85
Notenstein La Roche Private 6.34 8/19/2016 CHF 65.61
Vontobel Financial Products 5.00 12/23/2016 EUR 63.68
Vontobel Financial Products 13.40 12/23/2016 EUR 68.10
Vontobel Financial Products 7.60 12/23/2016 EUR 70.43
Vontobel Financial Products 6.75 8/26/2016 EUR 64.54
Vontobel Financial Products 9.00 8/26/2016 EUR 72.61
DekaBank Deutsche Girozentr 5.40 8/12/2016 EUR 61.97
DZ Bank AG Deutsche Zentral 4.90 6/20/2016 EUR 61.81
DZ Bank AG Deutsche Zentral 5.60 9/19/2016 EUR 70.19
Goldman Sachs & Co Wertpapi 11.00 9/21/2016 EUR 58.97
Goldman Sachs & Co Wertpapi 7.00 4/20/2016 EUR 68.49
Goldman Sachs & Co Wertpapi 7.00 4/20/2016 EUR 68.49
Goldman Sachs & Co Wertpapi 13.00 4/20/2016 EUR 68.83
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 69.06
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 69.21
Goldman Sachs & Co Wertpapi 10.00 5/25/2016 EUR 69.51
Goldman Sachs & Co Wertpapi 12.00 5/25/2016 EUR 69.82
Goldman Sachs & Co Wertpapi 4.00 6/22/2016 EUR 65.56
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 66.48
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 66.48
Goldman Sachs & Co Wertpapi 13.00 6/22/2016 EUR 67.63
Goldman Sachs & Co Wertpapi 5.00 8/24/2016 EUR 66.30
Goldman Sachs & Co Wertpapi 13.00 7/20/2016 EUR 68.49
Goldman Sachs & Co Wertpapi 12.00 8/24/2016 EUR 69.11
Goldman Sachs & Co Wertpapi 11.00 9/21/2016 EUR 69.36
Goldman Sachs & Co Wertpapi 11.00 9/21/2016 EUR 69.36
Goldman Sachs & Co Wertpapi 8.00 12/21/2016 EUR 69.35
Goldman Sachs & Co Wertpapi 5.00 12/21/2016 EUR 67.17
Goldman Sachs & Co Wertpapi 8.00 12/21/2016 EUR 69.35
Goldman Sachs & Co Wertpapi 9.00 3/22/2017 EUR 71.81
Goldman Sachs & Co Wertpapi 9.00 3/22/2017 EUR 71.81
Goldman Sachs & Co Wertpapi 11.00 4/20/2016 EUR 60.99
Goldman Sachs & Co Wertpapi 11.00 4/20/2016 EUR 60.99
Goldman Sachs & Co Wertpapi 5.00 5/25/2016 EUR 61.08
Goldman Sachs & Co Wertpapi 7.00 12/21/2016 EUR 64.27
Goldman Sachs & Co Wertpapi 13.00 5/25/2016 EUR 65.70
Goldman Sachs & Co Wertpapi 12.00 4/20/2016 EUR 64.39
Goldman Sachs & Co Wertpapi 8.00 7/20/2016 EUR 65.48
Goldman Sachs & Co Wertpapi 10.00 7/20/2016 EUR 66.09
Goldman Sachs & Co Wertpapi 10.00 8/24/2016 EUR 66.95
Goldman Sachs & Co Wertpapi 10.00 8/24/2016 EUR 66.95
Goldman Sachs & Co Wertpapi 11.00 8/24/2016 EUR 67.35
Goldman Sachs & Co Wertpapi 8.00 9/21/2016 EUR 66.66
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 67.61
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 67.61
Goldman Sachs & Co Wertpapi 6.00 12/21/2016 EUR 66.87
Goldman Sachs & Co Wertpapi 8.00 12/21/2016 EUR 68.32
Goldman Sachs & Co Wertpapi 8.00 12/21/2016 EUR 68.32
Goldman Sachs & Co Wertpapi 7.00 3/22/2017 EUR 69.01
Goldman Sachs & Co Wertpapi 8.00 3/22/2017 EUR 69.99
Goldman Sachs & Co Wertpapi 8.00 3/22/2017 EUR 69.99
Goldman Sachs & Co Wertpapi 8.00 3/22/2017 EUR 69.99
Goldman Sachs & Co Wertpapi 7.00 6/21/2017 EUR 69.35
Goldman Sachs & Co Wertpapi 8.00 6/21/2017 EUR 70.57
Goldman Sachs & Co Wertpapi 8.00 6/21/2017 EUR 70.57
Goldman Sachs & Co Wertpapi 8.00 6/21/2017 EUR 70.57
Goldman Sachs & Co Wertpapi 8.00 6/21/2017 EUR 70.57
Vontobel Financial Products 13.95 9/23/2016 EUR 56.39
Vontobel Financial Products 6.00 12/23/2016 EUR 64.17
Vontobel Financial Products 10.00 12/23/2016 EUR 59.58
Vontobel Financial Products 11.70 12/23/2016 EUR 58.28
UBS AG/London 8.90 8/18/2016 USD
UBS AG/London 4.91 8/18/2016 USD
LBBW 4.50 8/26/2016 EUR 65.52
LBBW 5.50 8/26/2016 EUR 64.31
LBBW 2.50 8/26/2016 EUR 69.86
LBBW 3.50 8/26/2016 EUR 66.78
LBBW 5.50 8/26/2016 EUR 72.90
LBBW 3.00 8/26/2016 EUR 61.24
LBBW 4.00 8/26/2016 EUR 59.05
LBBW 5.00 8/26/2016 EUR 57.64
LBBW 6.00 8/26/2016 EUR 56.34
LBBW 3.00 8/26/2016 EUR 73.44
LBBW 4.00 8/26/2016 EUR 71.49
LBBW 5.00 8/26/2016 EUR 70.20
LBBW 2.50 8/26/2016 EUR 50.63
LBBW 3.50 8/26/2016 EUR 49.55
LBBW 4.50 8/26/2016 EUR 48.76
LBBW 6.00 8/26/2016 EUR 71.42
LBBW 5.50 8/26/2016 EUR 71.47
LBBW 3.00 8/26/2016 EUR 67.97
LBBW 4.00 8/26/2016 EUR 66.17
LBBW 5.00 8/26/2016 EUR 64.47
LBBW 6.00 8/26/2016 EUR 71.68
LBBW 4.00 8/26/2016 EUR 73.47
LBBW 5.50 8/26/2016 EUR 71.46
LBBW 2.50 8/26/2016 EUR 70.77
LBBW 3.50 8/26/2016 EUR 68.86
LBBW 4.50 8/26/2016 EUR 67.29
LBBW 5.50 8/26/2016 EUR 65.95
LBBW 6.50 8/26/2016 EUR 64.82
UBS AG/London 8.25 2/20/2017 CHF 70.73
UBS AG/London 8.25 8/19/2016 CHF 41.20
Vontobel Financial Products 21.40 9/23/2016 EUR 62.01
Vontobel Financial Products 9.00 12/23/2016 EUR 69.40
Vontobel Financial Products 7.10 12/23/2016 EUR 71.38
Vontobel Financial Products 11.15 12/23/2016 EUR 67.85
Vontobel Financial Products 13.30 12/23/2016 EUR 66.52
Vontobel Financial Products 15.45 12/23/2016 EUR 65.43
Vontobel Financial Products 4.75 9/23/2016 EUR 70.62
Vontobel Financial Products 13.00 9/23/2016 EUR 62.95
Vontobel Financial Products 8.80 12/23/2016 EUR 66.10
Vontobel Financial Products 5.00 12/23/2016 EUR 69.90
Vontobel Financial Products 6.85 12/23/2016 EUR 67.83
Vontobel Financial Products 10.80 12/23/2016 EUR 64.67
Vontobel Financial Products 15.60 9/23/2016 EUR 61.52
Leonteq Securities AG 5.40 8/28/2017 CHF 57.46
Leonteq Securities AG 18.00 11/28/2016 CHF 71.87
Banque Cantonale Vaudoise/G 6.72 8/19/2016 EUR 71.83
UBS AG 5.50 9/23/2016 EUR 73.65
UBS AG 13.50 6/24/2016 EUR 73.52
Goldman Sachs & Co Wertpapi 8.00 9/21/2016 EUR 73.60
Goldman Sachs & Co Wertpapi 7.00 12/21/2016 EUR 74.24
Goldman Sachs & Co Wertpapi 8.00 4/20/2016 EUR 64.40
Goldman Sachs & Co Wertpapi 7.00 6/22/2016 EUR 69.37
Goldman Sachs & Co Wertpapi 22.00 6/22/2016 EUR 56.85
Goldman Sachs & Co Wertpapi 7.00 7/20/2016 EUR 69.74
Goldman Sachs & Co Wertpapi 20.00 7/20/2016 EUR 57.93
Goldman Sachs & Co Wertpapi 21.00 8/24/2016 EUR 57.90
Vontobel Financial Products 7.05 8/26/2016 EUR 65.17
Zurcher Kantonalbank Financ 5.80 8/21/2017 CHF 69.93
Leonteq Securities AG 5.80 8/24/2017 CHF 73.92
Vontobel Financial Products 12.65 3/29/2016 EUR 71.59
Vontobel Financial Products 27.85 3/29/2016 EUR 61.66
Vontobel Financial Products 17.15 9/23/2016 EUR 64.39
Vontobel Financial Products 14.45 12/23/2016 EUR 66.30
Vontobel Financial Products 8.90 9/23/2016 EUR 69.09
Vontobel Financial Products 9.80 12/23/2016 EUR 67.97
Vontobel Financial Products 14.30 3/29/2016 EUR 73.27
Vontobel Financial Products 13.65 6/24/2016 EUR 70.05
Vontobel Financial Products 11.15 9/23/2016 EUR 72.26
Vontobel Financial Products 10.70 12/23/2016 EUR 72.79
Vontobel Financial Products 11.50 6/24/2016 EUR 74.10
Vontobel Financial Products 15.35 3/29/2016 EUR 71.28
Vontobel Financial Products 8.85 9/23/2016 EUR 72.85
Vontobel Financial Products 11.50 11/22/2016 EUR 67.25
Vontobel Financial Products 15.00 12/23/2016 EUR 73.86
Leonteq Securities AG 10.00 11/21/2016 CHF 62.60
UniCredit Bank AG 5.70 8/19/2016 EUR 61.55
Vontobel Financial Products 5.85 3/29/2016 EUR 54.68
Vontobel Financial Products 9.35 3/29/2016 EUR 52.28
Vontobel Financial Products 3.75 9/23/2016 EUR 52.94
Vontobel Financial Products 4.85 12/23/2016 EUR 52.39
Vontobel Financial Products 6.50 12/23/2016 EUR 51.39
Vontobel Financial Products 8.35 12/23/2016 EUR 50.72
Ekspatel OOO 18.00 8/22/2018 RUB 61.00
DZ Bank AG Deutsche Zentral 6.50 12/23/2016 EUR 64.98
DZ Bank AG Deutsche Zentral 7.50 6/24/2016 EUR 69.92
DZ Bank AG Deutsche Zentral 8.25 12/23/2016 EUR 62.59
DZ Bank AG Deutsche Zentral 7.50 8/26/2016 EUR 67.48
DZ Bank AG Deutsche Zentral 16.00 8/26/2016 EUR 32.63
DZ Bank AG Deutsche Zentral 6.25 8/26/2016 EUR 73.40
Credit Suisse AG/Nassau 7.00 8/25/2016 CHF 51.41
LBBW 2.90 8/23/2019 EUR 73.32
DZ Bank AG Deutsche Zentral 7.00 9/19/2016 EUR 58.05
Vontobel Financial Products 14.25 3/29/2016 EUR 51.91
Vontobel Financial Products 9.45 3/29/2016 EUR 55.65
Vontobel Financial Products 9.60 6/24/2016 EUR 53.06
Vontobel Financial Products 13.00 6/24/2016 EUR 50.35
Vontobel Financial Products 11.00 9/23/2016 EUR 52.67
Vontobel Financial Products 8.50 9/23/2016 EUR 54.95
Vontobel Financial Products 7.65 12/23/2016 EUR 56.44
Vontobel Financial Products 10.00 12/23/2016 EUR 54.75
Vontobel Financial Products 16.70 9/23/2016 EUR 72.88
DZ Bank AG Deutsche Zentral 5.80 9/19/2016 EUR 62.97
DZ Bank AG Deutsche Zentral 7.30 12/19/2016 EUR 61.65
DZ Bank AG Deutsche Zentral 5.60 12/19/2016 EUR 66.03
DZ Bank AG Deutsche Zentral 6.50 12/19/2016 EUR 63.00
DZ Bank AG Deutsche Zentral 5.70 12/19/2016 EUR 72.52
DZ Bank AG Deutsche Zentral 6.80 12/19/2016 EUR 71.26
Commerzbank AG 13.50 4/21/2016 EUR 59.18
Commerzbank AG 9.00 8/25/2016 EUR 71.06
Zurcher Kantonalbank Financ 7.50 2/27/2017 EUR 70.34
Vontobel Financial Products 10.45 3/29/2016 EUR 70.93
Vontobel Financial Products 13.80 3/29/2016 EUR 67.88
Vontobel Financial Products 14.75 6/24/2016 EUR 68.54
Vontobel Financial Products 12.00 9/23/2016 EUR 70.35
Vontobel Financial Products 10.50 12/23/2016 EUR 72.23
Vontobel Financial Products 11.90 3/29/2016 EUR 74.45
Vontobel Financial Products 11.35 6/24/2016 EUR 72.27
UBS AG/London 10.50 8/26/2016 CHF 71.45
UBS AG/London 7.49 8/24/2016 USD
UBS AG/London 7.49 8/24/2016 USD
UBS AG/London 9.28 8/24/2016 USD
Commerzbank AG 9.00 8/25/2016 EUR 58.40
DZ Bank AG Deutsche Zentral 5.25 8/26/2016 EUR 69.32
DZ Bank AG Deutsche Zentral 6.25 12/23/2016 EUR 57.98
UBS AG/London 8.50 6/24/2016 EUR 45.36
UBS AG/London 11.25 6/24/2016 EUR 55.04
Vontobel Financial Products 10.50 9/23/2016 EUR 65.55
Vontobel Financial Products 8.00 9/23/2016 EUR 64.09
WGZ-Bank AG Westdeutsche Ge 3.50 2/7/2017 EUR 69.27
WGZ-Bank AG Westdeutsche Ge 2.50 9/27/2016 EUR 71.31
WGZ-Bank AG Westdeutsche Ge 3.25 9/27/2016 EUR 68.99
WGZ-Bank AG Westdeutsche Ge 4.25 9/27/2016 EUR 66.93
WGZ-Bank AG Westdeutsche Ge 5.00 9/27/2016 EUR 64.87
WGZ-Bank AG Westdeutsche Ge 6.00 9/27/2016 EUR 63.09
Zurcher Kantonalbank Financ 6.02 9/2/2016 CHF 65.12
Leonteq Securities AG 5.00 9/4/2018 CHF 56.94
Leonteq Securities AG 10.00 12/8/2016 CHF 68.98
Leonteq Securities AG 12.80 12/8/2016 USD 69.34
Banque Cantonale Vaudoise 5.36 8/25/2017 CHF 72.87
Commerzbank AG 5.50 8/25/2016 EUR 63.71
Commerzbank AG 5.75 8/25/2016 EUR 63.16
Commerzbank AG 6.00 8/25/2016 EUR 62.61
Commerzbank AG 6.50 8/25/2016 EUR 62.19
Commerzbank AG 6.75 8/25/2016 EUR 61.67
Commerzbank AG 7.25 8/25/2016 EUR 61.28
Commerzbank AG 7.75 8/25/2016 EUR 60.87
Commerzbank AG 8.00 8/25/2016 EUR 60.39
Commerzbank AG 8.50 8/25/2016 EUR 60.03
Commerzbank AG 9.00 8/25/2016 EUR 59.64
Commerzbank AG 9.25 8/25/2016 EUR 59.18
Commerzbank AG 8.50 8/25/2016 EUR 74.33
Commerzbank AG 9.25 8/25/2016 EUR 73.38
Commerzbank AG 4.50 8/25/2016 EUR 71.75
Commerzbank AG 5.25 8/25/2016 EUR 70.09
Commerzbank AG 6.00 8/25/2016 EUR 68.47
Commerzbank AG 7.00 8/25/2016 EUR 67.08
Commerzbank AG 7.75 8/25/2016 EUR 65.67
Commerzbank AG 8.75 8/25/2016 EUR 64.45
Commerzbank AG 9.50 8/25/2016 EUR 63.19
Commerzbank AG 10.50 8/25/2016 EUR 62.11
Commerzbank AG 11.50 8/25/2016 EUR 61.09
Commerzbank AG 9.50 8/25/2016 EUR 75.03
Commerzbank AG 10.50 8/25/2016 EUR 74.17
Commerzbank AG 6.25 8/25/2016 EUR 73.06
Commerzbank AG 7.25 8/25/2016 EUR 72.07
Commerzbank AG 8.00 8/25/2016 EUR 71.00
Commerzbank AG 9.00 8/25/2016 EUR 70.08
Commerzbank AG 8.75 8/25/2016 EUR 57.59
Goldman Sachs & Co Wertpapi 18.00 5/25/2016 EUR 53.89
Lehman Brothers Treasury Co 3.00 9/12/2036 JPY 13.88
Commerzbank AG 4.25 12/22/2016 EUR 74.30
Commerzbank AG 5.25 12/22/2016 EUR 71.70
Commerzbank AG 6.50 12/22/2016 EUR 69.35
Commerzbank AG 5.25 4/21/2016 EUR 56.41
Commerzbank AG 6.25 4/21/2016 EUR 54.96
Commerzbank AG 7.25 4/21/2016 EUR 53.59
Commerzbank AG 8.25 4/21/2016 EUR 52.29
Commerzbank AG 9.25 4/21/2016 EUR 51.06
Commerzbank AG 11.00 7/22/2016 EUR 60.47
Commerzbank AG 6.00 6/24/2016 EUR 74.23
Commerzbank AG 5.50 6/23/2016 EUR 73.53
Commerzbank AG 6.00 6/23/2016 EUR 71.85
Commerzbank AG 6.75 6/23/2016 EUR 70.30
Commerzbank AG 4.50 4/21/2016 EUR 57.96
Lehman Brothers Treasury Co 3.00 9/13/2010 JPY 13.88
Property Lease Fund SA 9.00 6/5/2016 PLN 24.00
UBS AG/London 7.50 2/10/2017 EUR 72.90
UBS AG/London 9.10 4/18/2017 EUR 73.91
UBS AG/London 8.40 7/8/2016 EUR 70.32
UBS AG/London 12.20 2/10/2017 EUR 74.31
UBS AG/London 14.60 7/8/2016 EUR 73.23
UBS AG/London 7.40 2/10/2017 EUR 72.92
UBS AG/London 7.20 4/18/2017 EUR 73.71
UBS AG/London 7.30 4/18/2017 EUR 73.71
UBS AG/London 15.40 7/8/2016 EUR 73.00
UBS AG/London 9.40 4/18/2017 EUR 74.16
UBS AG/London 9.60 2/10/2017 EUR 72.53
UBS AG/London 8.70 7/8/2016 EUR 69.76
UBS AG/London 10.20 7/8/2016 EUR 70.31
UBS AG/London 13.20 7/8/2016 EUR 72.48
UBS AG/London 9.90 2/10/2017 EUR 72.73
Bank Julius Baer & Co Ltd/G 9.00 1/19/2017 CHF 71.30
Upravlenie Othodamu ZAO 11.00 6/1/2025 RUB 59.01
TOPMEDICAL SA 7.75 8/1/2016 PLN 74.48
Property Lease Fund SA 9.00 9/17/2016 PLN 19.00
Bank Spoldzielczy w Limanow 5.00 5/13/2021 PLN 71.00
Neftegazovaya Promishlennay 17.50 12/26/2017 RUB 100.00
Zarechnaya Coal Co LLC 13.00 12/21/2018 RUB 89.02
Ipotechny Agent Uralsib 01 8.75 4/15/2045 RUB 97.95
Mortgage Agent Raiffeisen 0 7.85 6/20/2040 RUB 94.27
Municipiul Timisoara 0.69 5/15/2026 RON 63.00
Municipiul Timisoara 0.69 5/15/2026 RON 64.20
Municipiul Timisoara 0.69 5/15/2026 RON 71.10
Kaupthing ehf 6.50 10/8/2010 ISK 17.63
Gold-Zack AG 7.00 12/14/2005 EUR 12.50
LBI HF 5.08 3/1/2013 ISK 8.50
City of Siret Romania 2.77 3/1/2028 RON 58.00
Societe Generale Effekten G 2.50 10/7/2016 EUR 58.37
Raiffeisen Centrobank AG 2.80 11/14/2016 EUR 41.07
EFG International Finance G 6.00 11/30/2017 EUR 17.82
LBBW 3.85 8/25/2017 EUR 63.58
DekaBank Deutsche Girozentr 4.00 8/19/2016 EUR 54.60
LBBW 3.33 9/23/2016 EUR 71.36
Vontobel Financial Products 4.45 4/15/2016 EUR 54.00
Leonteq Securities AG/Guern 4.50 4/4/2016 EUR 26.39
Zurcher Kantonalbank Financ 4.23 3/29/2016 CHF 60.86
Notenstein La Roche Private 5.90 4/11/2016 CHF 65.22
LBBW 3.25 6/24/2016 EUR 68.82
LBBW 3.00 6/24/2016 EUR 55.53
Commerzbank AG 6.00 10/27/2016 EUR 67.12
Commerzbank AG 7.25 10/27/2016 EUR 65.37
Commerzbank AG 5.75 10/27/2016 EUR 73.38
Commerzbank AG 7.25 10/27/2016 EUR 70.68
Commerzbank AG 9.00 10/27/2016 EUR 68.34
Commerzbank AG 10.75 10/27/2016 EUR 66.22
Commerzbank AG 12.75 10/27/2016 EUR 64.53
DZ Bank AG Deutsche Zentral 5.50 10/28/2016 EUR 64.04
DZ Bank AG Deutsche Zentral 9.20 6/20/2016 EUR 65.58
DZ Bank AG Deutsche Zentral 6.30 9/19/2016 EUR 68.28
Commerzbank AG 7.50 10/27/2016 EUR 67.52
Lehman Brothers Treasury Co 4.10 6/10/2014 SGD 16.25
Barclays Bank PLC 0.50 3/19/2021 MXN 73.06
Barclays Bank PLC 0.50 1/28/2033 MXN 31.42
Lehman Brothers Treasury Co 4.60 11/9/2011 EUR 13.88
Goldman Sachs & Co Wertpapi 9.00 6/22/2016 EUR 72.86
Goldman Sachs & Co Wertpapi 7.00 9/21/2016 EUR 73.08
Notenstein La Roche Private 6.00 7/11/2017 CHF 66.35
UBS AG 7.45 6/22/2017 USD
UBS AG 7.45 6/22/2017 USD
Credit Suisse AG/Nassau 7.25 7/13/2017 CHF 66.36
Bank Julius Baer & Co Ltd/G 11.60 1/5/2017 CHF 69.45
UBS AG 14.75 12/29/2016 USD
UBS AG 17.39 12/29/2016 USD
UBS AG 7.11 6/28/2017 USD
UBS AG/London 12.50 1/3/2017 CHF 69.86
Raiffeisen Centrobank AG 7.14 9/20/2017 EUR 73.53
Raiffeisen Centrobank AG 9.52 9/20/2017 EUR 72.29
BNP Paribas Emissions- und 19.00 9/22/2016 EUR 69.82
BNP Paribas Emissions- und 22.00 9/22/2016 EUR 68.97
BNP Paribas Emissions- und 22.00 3/23/2017 EUR 69.70
BNP Paribas Emissions- und 26.00 3/23/2017 EUR 70.02
DekaBank Deutsche Girozentr 3.00 6/30/2017 EUR 67.67
DekaBank Deutsche Girozentr 10.30 9/2/2016 EUR 71.10
Vontobel Financial Products 8.50 9/23/2016 EUR 62.53
Vontobel Financial Products 7.00 9/23/2016 EUR 65.46
Vontobel Financial Products 25.00 6/24/2016 EUR 71.86
DZ Bank AG Deutsche Zentral 7.70 6/20/2016 EUR 72.31
DZ Bank AG Deutsche Zentral 6.40 9/19/2016 EUR 72.85
DZ Bank AG Deutsche Zentral 5.40 12/19/2016 EUR 72.84
DekaBank Deutsche Girozentr 7.65 6/30/2016 EUR 72.51
DekaBank Deutsche Girozentr 4.90 9/2/2016 EUR 68.15
DekaBank Deutsche Girozentr 10.50 11/15/2016 EUR 67.18
Commerzbank AG 12.58 9/22/2016 EUR 52.48
DZ Bank AG Deutsche Zentral 7.00 9/23/2016 EUR 64.17
DZ Bank AG Deutsche Zentral 5.00 6/24/2016 EUR 62.76
DZ Bank AG Deutsche Zentral 12.50 3/29/2016 EUR 66.23
DZ Bank AG Deutsche Zentral 11.75 6/24/2016 EUR 63.94
DZ Bank AG Deutsche Zentral 9.25 9/23/2016 EUR 65.46
DZ Bank AG Deutsche Zentral 6.25 10/28/2016 EUR 70.23
DZ Bank AG Deutsche Zentral 9.50 10/28/2016 EUR 66.36
DZ Bank AG Deutsche Zentral 7.75 12/23/2016 EUR 66.32
DZ Bank AG Deutsche Zentral 8.50 10/28/2016 EUR 66.24
HSBC Trinkaus & Burkhardt A 10.50 3/24/2017 EUR 67.74
HSBC Trinkaus & Burkhardt A 9.40 3/24/2017 EUR 68.65
HSBC Trinkaus & Burkhardt A 8.20 6/23/2017 EUR 71.23
HSBC Trinkaus & Burkhardt A 14.60 3/24/2017 EUR 66.20
HSBC Trinkaus & Burkhardt A 12.60 3/24/2017 EUR 67.68
HSBC Trinkaus & Burkhardt A 10.70 3/24/2017 EUR 69.60
HSBC Trinkaus & Burkhardt A 11.30 12/23/2016 EUR 70.05
HSBC Trinkaus & Burkhardt A 8.10 12/23/2016 EUR 73.95
DekaBank Deutsche Girozentr 4.75 6/20/2016 EUR 68.92
Credit Suisse AG/London 7.50 10/6/2016 CHF 61.10
Vontobel Financial Products 13.50 9/23/2016 EUR 66.62
Vontobel Financial Products 17.00 6/24/2016 EUR 64.22
DZ Bank AG Deutsche Zentral 10.00 6/20/2016 EUR 64.87
DZ Bank AG Deutsche Zentral 6.00 9/19/2016 EUR 65.12
DZ Bank AG Deutsche Zentral 8.50 9/19/2016 EUR 70.81
UBS AG 5.50 9/23/2016 EUR 70.86
UBS AG 9.00 3/29/2016 EUR 65.82
UBS AG 5.25 12/23/2016 EUR 71.07
Commerzbank AG 16.50 9/22/2016 EUR 66.52
Commerzbank AG 11.00 7/21/2016 EUR 65.97
Commerzbank AG 10.00 9/22/2016 EUR 67.14
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 66.23
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 66.38
Goldman Sachs & Co Wertpapi 7.00 7/20/2016 EUR 67.09
Goldman Sachs & Co Wertpapi 13.00 7/20/2016 EUR 68.93
Goldman Sachs & Co Wertpapi 7.00 8/24/2016 EUR 67.53
Goldman Sachs & Co Wertpapi 13.00 7/20/2016 EUR 68.93
Goldman Sachs & Co Wertpapi 13.00 7/20/2016 EUR 68.93
Goldman Sachs & Co Wertpapi 7.00 12/21/2016 EUR 69.13
Goldman Sachs & Co Wertpapi 6.00 3/22/2017 EUR 68.94
Goldman Sachs & Co Wertpapi 7.00 6/21/2017 EUR 70.83
Goldman Sachs & Co Wertpapi 7.00 6/21/2017 EUR 70.83
Goldman Sachs & Co Wertpapi 8.00 6/21/2017 EUR 72.05
Goldman Sachs & Co Wertpapi 8.00 6/21/2017 EUR 72.05
UBS AG/London 7.50 10/28/2016 EUR 63.21
Vontobel Financial Products 8.00 9/29/2017 EUR 57.31
LBBW 6.00 9/22/2017 EUR 72.00
LBBW 4.00 9/22/2017 EUR 74.09
LBBW 5.00 9/22/2017 EUR 72.03
LBBW 3.00 9/22/2017 EUR 67.25
LBBW 4.00 9/22/2017 EUR 65.21
Commerzbank AG 8.00 9/22/2016 EUR 71.88
Commerzbank AG 9.00 9/22/2016 EUR 70.71
Commerzbank AG 10.00 9/22/2016 EUR 69.59
Commerzbank AG 11.00 9/22/2016 EUR 68.53
Leonteq Securities AG 10.00 10/12/2016 CHF 63.99
SAir Group 2.75 7/30/2004 CHF 11.13
UniCredit Bank AG 4.50 9/19/2017 EUR 60.38
Landesbank Hessen-Thueringe 5.00 10/17/2017 EUR 65.32
UniCredit Bank AG 5.40 6/30/2017 EUR 61.91
Windreich GmbH 6.25 3/1/2015 EUR 10.88
BNP Paribas SA 0.50 11/6/2018 TRY
World of Building Technolog 7.70 6/25/2019 RUB 1.73
Eiendomskreditt 4.32 NOK 64.97
Getin Noble Bank SA 4.52 12/21/2020 PLN 70.01
KIT Finance Capital OOO 10.00 12/22/2016 RUB 100.00
Immigon Portfolioabbau AG 1.37 5/18/2020 EUR 61.00
Immigon Portfolioabbau AG 1.37 5/18/2020 EUR 60.63
Immigon Portfolioabbau AG 3.50 5/23/2022 EUR 54.00
BNP Paribas SA 0.50 2/13/2024 NZD 72.17
HSBC Bank PLC 0.50 6/28/2019 IDR 73.89
Immigon Portfolioabbau AG 2.15 3/25/2019 EUR 71.13
Immigon Portfolioabbau AG 4.20 2/22/2033 EUR 35.63
Immigon Portfolioabbau AG 0.98 3/1/2022 EUR 49.13
DekaBank Deutsche Girozentr 3.00 3/17/2017 EUR 71.00
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 71.66
BNP Paribas Emissions- und 12.00 12/22/2016 EUR 70.82
BNP Paribas Emissions- und 9.00 9/22/2016 EUR 58.83
BNP Paribas Emissions- und 8.00 6/23/2016 EUR 69.96
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 70.19
BNP Paribas Emissions- und 8.00 9/22/2016 EUR 71.23
BNP Paribas Emissions- und 9.50 9/22/2016 EUR 68.98
BNP Paribas Emissions- und 17.00 9/22/2016 EUR 60.61
BNP Paribas Emissions- und 8.50 12/22/2016 EUR 70.02
BNP Paribas Emissions- und 14.00 12/22/2016 EUR 64.49
BNP Paribas Emissions- und 15.00 12/22/2016 EUR 63.22
Vontobel Financial Products 28.05 3/29/2016 EUR 61.94
Vontobel Financial Products 20.00 3/29/2016 EUR 71.09
Vontobel Financial Products 22.40 3/29/2016 EUR 68.85
Vontobel Financial Products 25.05 3/29/2016 EUR 66.76
Vontobel Financial Products 18.55 6/24/2016 EUR 68.34
Vontobel Financial Products 16.50 6/24/2016 EUR 69.95
Vontobel Financial Products 14.50 6/24/2016 EUR 71.69
Vontobel Financial Products 11.50 9/23/2016 EUR 73.27
Vontobel Financial Products 14.50 9/23/2016 EUR 70.64
Vontobel Financial Products 15.50 9/23/2016 EUR 69.23
Vontobel Financial Products 17.00 9/23/2016 EUR 68.16
Vontobel Financial Products 9.50 12/23/2016 EUR 74.21
Bank Julius Baer & Co Ltd/G 7.50 9/30/2016 EUR 62.45
Goldman Sachs & Co Wertpapi 18.00 6/22/2016 EUR 66.69
BNP Paribas Emissions- und 22.00 9/22/2016 EUR 71.06
BNP Paribas Emissions- und 12.00 9/22/2016 EUR 70.58
BNP Paribas Emissions- und 14.00 9/22/2016 EUR 69.08
BNP Paribas Emissions- und 6.00 12/22/2016 EUR 62.07
BNP Paribas Emissions- und 17.00 6/23/2016 EUR 60.88
BNP Paribas Emissions- und 21.00 6/23/2016 EUR 57.45
BNP Paribas Emissions- und 16.00 9/22/2016 EUR 62.18
BNP Paribas Emissions- und 7.00 12/22/2016 EUR 71.75
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 67.22
Vontobel Financial Products 22.50 6/24/2016 EUR 61.21
Vontobel Financial Products 11.50 12/23/2016 EUR 68.46
Vontobel Financial Products 14.50 12/23/2016 EUR 66.56
Vontobel Financial Products 17.60 3/29/2016 EUR 73.48
Vontobel Financial Products 18.50 9/23/2016 EUR 67.17
Vontobel Financial Products 12.00 12/23/2016 EUR 72.15
Vontobel Financial Products 13.00 12/23/2016 EUR 70.88
Vontobel Financial Products 14.00 12/23/2016 EUR 70.06
Vontobel Financial Products 15.00 12/23/2016 EUR 69.13
Goldman Sachs & Co Wertpapi 15.00 6/22/2016 EUR 68.57
Goldman Sachs & Co Wertpapi 22.00 9/21/2016 EUR 64.37
Commerzbank AG 10.75 8/25/2016 EUR 55.59
Commerzbank AG 12.75 8/25/2016 EUR 53.87
Commerzbank AG 10.50 8/25/2016 EUR 74.08
Commerzbank AG 11.25 8/25/2016 EUR 72.62
Commerzbank AG 12.25 8/25/2016 EUR 71.36
Commerzbank AG 13.25 8/25/2016 EUR 70.17
Commerzbank AG 14.25 8/25/2016 EUR 69.00
Commerzbank AG 9.75 8/25/2016 EUR 71.68
Commerzbank AG 13.75 8/25/2016 EUR 66.73
Notenstein La Roche Private 5.00 8/31/2016 CHF 73.37
Vontobel Financial Products 6.35 9/9/2016 EUR 72.91
Vontobel Financial Products 14.65 3/29/2016 EUR 74.08
Vontobel Financial Products 11.50 6/24/2016 EUR 70.76
Vontobel Financial Products 15.00 6/24/2016 EUR 67.41
Vontobel Financial Products 12.50 9/23/2016 EUR 69.90
Vontobel Financial Products 10.50 12/23/2016 EUR 71.64
Vontobel Financial Products 15.75 3/29/2016 EUR 71.73
Vontobel Financial Products 10.15 12/23/2016 EUR 72.72
Goldman Sachs & Co Wertpapi 23.00 6/22/2016 EUR 72.31
Goldman Sachs & Co Wertpapi 14.00 4/20/2016 EUR 71.51
Goldman Sachs & Co Wertpapi 21.00 4/20/2016 EUR 65.85
Goldman Sachs & Co Wertpapi 12.00 7/20/2016 EUR 72.73
Goldman Sachs & Co Wertpapi 16.00 8/24/2016 EUR 69.78
Goldman Sachs & Co Wertpapi 21.00 8/24/2016 EUR 67.01
Goldman Sachs & Co Wertpapi 13.00 12/21/2016 EUR 72.47
Goldman Sachs & Co Wertpapi 21.00 8/24/2016 EUR 54.45
Goldman Sachs & Co Wertpapi 25.00 4/20/2016 EUR 64.31
Goldman Sachs & Co Wertpapi 16.00 5/25/2016 EUR 70.52
Goldman Sachs & Co Wertpapi 18.00 6/22/2016 EUR 68.91
Goldman Sachs & Co Wertpapi 24.00 6/22/2016 EUR 65.37
Goldman Sachs & Co Wertpapi 22.00 7/20/2016 EUR 66.56
Goldman Sachs & Co Wertpapi 16.00 7/20/2016 EUR 69.59
Goldman Sachs & Co Wertpapi 16.00 12/21/2016 EUR 71.14
Goldman Sachs & Co Wertpapi 22.00 5/25/2016 EUR 69.55
Goldman Sachs & Co Wertpapi 24.00 6/22/2016 EUR 68.27
Goldman Sachs & Co Wertpapi 19.00 7/20/2016 EUR 72.06
Goldman Sachs & Co Wertpapi 23.00 7/20/2016 EUR 69.97
Goldman Sachs & Co Wertpapi 21.00 8/24/2016 EUR 71.38
Goldman Sachs & Co Wertpapi 19.00 9/21/2016 EUR 72.02
Goldman Sachs & Co Wertpapi 12.00 4/20/2016 EUR 73.15
Goldman Sachs & Co Wertpapi 17.00 4/20/2016 EUR 68.91
Goldman Sachs & Co Wertpapi 22.00 4/20/2016 EUR 65.20
Goldman Sachs & Co Wertpapi 18.00 5/25/2016 EUR 70.62
Goldman Sachs & Co Wertpapi 14.00 5/25/2016 EUR 74.42
Goldman Sachs & Co Wertpapi 22.00 5/25/2016 EUR 67.28
Goldman Sachs & Co Wertpapi 13.00 6/22/2016 EUR 75.05
Goldman Sachs & Co Wertpapi 17.00 6/22/2016 EUR 71.67
Goldman Sachs & Co Wertpapi 12.00 7/20/2016 EUR 75.43
Goldman Sachs & Co Wertpapi 19.00 7/20/2016 EUR 69.60
Goldman Sachs & Co Wertpapi 23.00 7/20/2016 EUR 67.38
Goldman Sachs & Co Wertpapi 14.00 8/24/2016 EUR 72.92
Goldman Sachs & Co Wertpapi 18.00 8/24/2016 EUR 70.83
Goldman Sachs & Co Wertpapi 21.00 8/24/2016 EUR 68.66
Goldman Sachs & Co Wertpapi 14.00 9/21/2016 EUR 73.70
Goldman Sachs & Co Wertpapi 20.00 9/21/2016 EUR 69.66
Goldman Sachs & Co Wertpapi 14.00 12/21/2016 EUR 73.00
Goldman Sachs & Co Wertpapi 17.00 12/21/2016 EUR 72.06
Goldman Sachs & Co Wertpapi 15.00 3/22/2017 EUR 73.85
Goldman Sachs & Co Wertpapi 14.00 6/21/2017 EUR 75.19
Goldman Sachs & Co Wertpapi 25.00 6/22/2016 EUR 73.21
Goldman Sachs & Co Wertpapi 24.00 4/20/2016 EUR 59.00
Goldman Sachs & Co Wertpapi 4.00 3/22/2017 EUR 70.91
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 72.60
Goldman Sachs & Co Wertpapi 12.00 6/22/2016 EUR 73.06
Goldman Sachs & Co Wertpapi 8.00 7/20/2016 EUR 72.50
Goldman Sachs & Co Wertpapi 9.00 7/20/2016 EUR 72.80
Goldman Sachs & Co Wertpapi 9.00 7/20/2016 EUR 72.80
Goldman Sachs & Co Wertpapi 11.00 7/20/2016 EUR 73.42
Goldman Sachs & Co Wertpapi 10.00 8/24/2016 EUR 73.71
Goldman Sachs & Co Wertpapi 5.00 9/21/2016 EUR 71.78
Goldman Sachs & Co Wertpapi 6.00 9/21/2016 EUR 72.26
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 74.17
Goldman Sachs & Co Wertpapi 5.00 4/20/2016 EUR 72.72
Goldman Sachs & Co Wertpapi 7.00 4/20/2016 EUR 72.83
Goldman Sachs & Co Wertpapi 10.00 4/20/2016 EUR 73.01
Goldman Sachs & Co Wertpapi 12.00 4/20/2016 EUR 73.12
Goldman Sachs & Co Wertpapi 12.00 4/20/2016 EUR 73.12
Goldman Sachs & Co Wertpapi 6.00 5/25/2016 EUR 73.10
Goldman Sachs & Co Wertpapi 8.00 5/25/2016 EUR 73.40
Goldman Sachs & Co Wertpapi 13.00 5/25/2016 EUR 74.17
Goldman Sachs & Co Wertpapi 13.00 5/25/2016 EUR 74.17
Goldman Sachs & Co Wertpapi 6.00 6/22/2016 EUR 73.27
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 73.73
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 74.19
Goldman Sachs & Co Wertpapi 13.00 6/22/2016 EUR 74.88
Goldman Sachs & Co Wertpapi 8.00 7/20/2016 EUR 73.95
Goldman Sachs & Co Wertpapi 6.00 7/20/2016 EUR 73.34
Goldman Sachs & Co Wertpapi 10.00 7/20/2016 EUR 74.56
Goldman Sachs & Co Wertpapi 12.00 7/20/2016 EUR 75.17
Goldman Sachs & Co Wertpapi 12.00 7/20/2016 EUR 75.17
Goldman Sachs & Co Wertpapi 6.00 8/24/2016 EUR 73.34
Goldman Sachs & Co Wertpapi 8.00 8/24/2016 EUR 74.14
Goldman Sachs & Co Wertpapi 11.00 8/24/2016 EUR 75.35
Goldman Sachs & Co Wertpapi 10.00 8/24/2016 EUR 74.94
Goldman Sachs & Co Wertpapi 11.00 8/24/2016 EUR 75.35
Goldman Sachs & Co Wertpapi 6.00 9/21/2016 EUR 73.31
Goldman Sachs & Co Wertpapi 8.00 9/21/2016 EUR 74.26
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 75.22
Goldman Sachs & Co Wertpapi 6.00 12/21/2016 EUR 73.39
Goldman Sachs & Co Wertpapi 8.00 12/21/2016 EUR 74.84
Goldman Sachs & Co Wertpapi 6.00 3/22/2017 EUR 73.49
Goldman Sachs & Co Wertpapi 7.00 3/22/2017 EUR 74.47
Goldman Sachs & Co Wertpapi 8.00 3/22/2017 EUR 75.44
Goldman Sachs & Co Wertpapi 7.00 6/21/2017 EUR 74.39
Goldman Sachs & Co Wertpapi 6.00 4/20/2016 EUR 67.79
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 68.52
Goldman Sachs & Co Wertpapi 10.00 5/25/2016 EUR 68.98
Goldman Sachs & Co Wertpapi 11.00 5/25/2016 EUR 68.87
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 69.67
Goldman Sachs & Co Wertpapi 7.00 7/20/2016 EUR 68.83
Goldman Sachs & Co Wertpapi 7.00 8/24/2016 EUR 69.35
Goldman Sachs & Co Wertpapi 8.00 8/24/2016 EUR 69.75
Goldman Sachs & Co Wertpapi 7.00 9/21/2016 EUR 69.73
Goldman Sachs & Co Wertpapi 7.00 12/21/2016 EUR 70.98
HSBC Trinkaus & Burkhardt A 10.60 6/24/2016 EUR 71.90
HSBC Trinkaus & Burkhardt A 14.60 6/24/2016 EUR 63.57
HSBC Trinkaus & Burkhardt A 10.30 9/23/2016 EUR 67.85
HSBC Trinkaus & Burkhardt A 8.10 9/23/2016 EUR 70.69
HSBC Trinkaus & Burkhardt A 12.50 6/24/2016 EUR 73.41
HSBC Trinkaus & Burkhardt A 12.20 6/24/2016 EUR 69.20
HSBC Trinkaus & Burkhardt A 8.80 9/23/2016 EUR 73.26
HSBC Trinkaus & Burkhardt A 12.90 6/24/2016 EUR 55.43
HSBC Trinkaus & Burkhardt A 8.10 9/23/2016 EUR 59.98
HSBC Trinkaus & Burkhardt A 11.30 6/24/2016 EUR 70.35
HSBC Trinkaus & Burkhardt A 7.90 9/23/2016 EUR 73.79
HSBC Trinkaus & Burkhardt A 12.90 6/24/2016 EUR 70.85
HSBC Trinkaus & Burkhardt A 9.60 9/23/2016 EUR 73.63
HSBC Trinkaus & Burkhardt A 11.50 6/24/2016 EUR 66.55
HSBC Trinkaus & Burkhardt A 7.30 9/23/2016 EUR 70.17
HSBC Trinkaus & Burkhardt A 12.30 6/24/2016 EUR 70.08
HSBC Trinkaus & Burkhardt A 15.90 6/24/2016 EUR 62.74
HSBC Trinkaus & Burkhardt A 12.60 9/23/2016 EUR 66.62
HSBC Trinkaus & Burkhardt A 8.90 9/23/2016 EUR 71.14
Notenstein La Roche Private 7.00 9/7/2016 CHF 69.31
Bank Julius Baer & Co Ltd/G 11.40 9/6/2016 USD 66.60
UBS AG/London 8.00 8/26/2016 CHF 43.09
UBS AG/London 7.50 8/26/2016 CHF 71.86
Vontobel Financial Products 10.00 9/23/2016 EUR 72.44
Vontobel Financial Products 4.50 3/29/2016 EUR 71.41
Vontobel Financial Products 10.65 9/23/2016 EUR 72.99
Vontobel Financial Products 23.50 3/29/2016 EUR 57.75
Vontobel Financial Products 19.35 6/24/2016 EUR 56.74
Notenstein La Roche Private 6.30 8/28/2017 CHF 73.10
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 70.79
DZ Bank AG Deutsche Zentral 8.40 6/20/2016 EUR 68.81
DZ Bank AG Deutsche Zentral 6.30 9/19/2016 EUR 71.56
DZ Bank AG Deutsche Zentral 5.50 12/19/2016 EUR 71.77
DZ Bank AG Deutsche Zentral 6.50 12/19/2016 EUR 70.52
DZ Bank AG Deutsche Zentral 7.20 12/19/2016 EUR 69.25
DZ Bank AG Deutsche Zentral 9.10 6/20/2016 EUR 71.55
DZ Bank AG Deutsche Zentral 10.20 6/20/2016 EUR 69.66
DZ Bank AG Deutsche Zentral 7.90 9/19/2016 EUR 72.63
DZ Bank AG Deutsche Zentral 8.80 9/19/2016 EUR 71.06
DZ Bank AG Deutsche Zentral 10.00 9/19/2016 EUR 69.60
DZ Bank AG Deutsche Zentral 7.50 12/19/2016 EUR 73.53
DZ Bank AG Deutsche Zentral 8.20 12/19/2016 EUR 72.16
DZ Bank AG Deutsche Zentral 8.80 12/19/2016 EUR 70.67
Vontobel Financial Products 8.00 9/23/2016 EUR 70.52
Zurcher Kantonalbank Financ 7.30 9/8/2016 CHF 61.05
Vontobel Financial Products 7.00 9/23/2016 EUR 70.63
Credit Suisse AG/Nassau 8.75 9/9/2016 EUR 72.95
Bank Julius Baer & Co Ltd/G 6.40 9/8/2016 CHF 56.60
DZ Bank AG Deutsche Zentral 12.25 6/24/2016 EUR 65.62
DZ Bank AG Deutsche Zentral 9.50 9/23/2016 EUR 67.08
DZ Bank AG Deutsche Zentral 9.00 12/23/2016 EUR 68.67
DZ Bank AG Deutsche Zentral 14.50 6/24/2016 EUR 63.10
DZ Bank AG Deutsche Zentral 8.00 9/23/2016 EUR 70.94
DZ Bank AG Deutsche Zentral 9.50 12/23/2016 EUR 66.19
UniCredit Bank AG 10.00 5/13/2016 EUR 60.82
Vontobel Financial Products 12.70 3/29/2016 EUR 68.94
Vontobel Financial Products 8.80 3/29/2016 EUR 73.14
Vontobel Financial Products 12.00 6/24/2016 EUR 70.18
DZ Bank AG Deutsche Zentral 3.60 9/15/2017 EUR 71.13
UniCredit Bank AG 5.00 9/22/2016 EUR 67.32
UniCredit Bank AG 6.40 9/22/2016 EUR 73.62
UniCredit Bank AG 4.25 12/22/2016 EUR 58.48
UniCredit Bank AG 5.50 12/22/2016 EUR 62.03
UniCredit Bank AG 4.25 12/22/2016 EUR 69.84
UniCredit Bank AG 4.00 12/22/2016 EUR 58.89
UniCredit Bank AG 4.00 12/22/2016 EUR 70.88
UniCredit Bank AG 6.00 12/22/2016 EUR 61.24
UniCredit Bank AG 6.70 9/22/2016 EUR 72.58
UniCredit Bank AG 4.50 12/22/2016 EUR 63.79
UniCredit Bank AG 5.00 12/22/2016 EUR 66.85
UniCredit Bank AG 5.00 12/22/2016 EUR 57.31
UniCredit Bank AG 4.50 12/22/2016 EUR 68.82
UniCredit Bank AG 4.50 9/22/2016 EUR 72.35
UniCredit Bank AG 6.50 9/22/2016 EUR 73.27
UniCredit Bank AG 4.75 12/22/2016 EUR 67.82
UniCredit Bank AG 4.75 12/22/2016 EUR 57.69
UniCredit Bank AG 6.90 9/22/2016 EUR 71.90
UniCredit Bank AG 6.60 9/22/2016 EUR 72.92
UniCredit Bank AG 4.75 9/22/2016 EUR 69.77
UniCredit Bank AG 4.50 12/22/2016 EUR 58.08
UniCredit Bank AG 4.00 12/22/2016 EUR 64.68
UniCredit Bank AG 6.80 9/22/2016 EUR 72.24
UniCredit Bank AG 5.00 12/22/2016 EUR 62.87
UBS AG/London 17.47 8/30/2016 USD
UBS AG/London 15.53 8/30/2016 USD
UBS AG/London 11.29 8/30/2016 USD
Commerzbank AG 7.75 8/25/2016 EUR 58.06
Commerzbank AG 9.50 8/25/2016 EUR 56.53
Commerzbank AG 11.25 8/25/2016 EUR 55.15
Commerzbank AG 8.25 8/25/2016 EUR 72.78
Commerzbank AG 9.75 8/25/2016 EUR 69.70
Commerzbank AG 11.50 8/25/2016 EUR 67.13
Commerzbank AG 13.50 8/25/2016 EUR 64.84
DZ Bank AG Deutsche Zentral 8.00 6/20/2016 EUR 70.40
DZ Bank AG Deutsche Zentral 6.00 12/19/2016 EUR 71.47
DZ Bank AG Deutsche Zentral 11.75 6/20/2016 EUR 62.28
DZ Bank AG Deutsche Zentral 9.50 6/20/2016 EUR 63.20
DZ Bank AG Deutsche Zentral 7.50 12/19/2016 EUR 65.75
Leonteq Securities AG 5.60 9/11/2017 CHF 55.90
HSBC Trinkaus & Burkhardt A 15.10 6/24/2016 EUR 71.78
HSBC Trinkaus & Burkhardt A 8.60 6/24/2016 EUR 67.41
HSBC Trinkaus & Burkhardt A 7.70 9/23/2016 EUR 68.78
HSBC Trinkaus & Burkhardt A 7.00 12/23/2016 EUR 69.55
HSBC Trinkaus & Burkhardt A 7.50 3/24/2017 EUR 68.85
HSBC Trinkaus & Burkhardt A 10.60 4/22/2016 EUR 63.52
HSBC Trinkaus & Burkhardt A 6.40 4/22/2016 EUR 68.67
HSBC Trinkaus & Burkhardt A 11.10 5/27/2016 EUR 64.62
HSBC Trinkaus & Burkhardt A 7.10 5/27/2016 EUR 69.37
HSBC Trinkaus & Burkhardt A 6.70 7/22/2016 EUR 70.13
HSBC Trinkaus & Burkhardt A 8.70 10/28/2016 EUR 67.47
HSBC Trinkaus & Burkhardt A 6.20 10/28/2016 EUR 70.97
HSBC Trinkaus & Burkhardt A 11.20 6/24/2016 EUR 70.21
HSBC Trinkaus & Burkhardt A 8.00 6/24/2016 EUR 73.60
HSBC Trinkaus & Burkhardt A 7.00 9/23/2016 EUR 73.74
HSBC Trinkaus & Burkhardt A 10.40 12/23/2016 EUR 70.41
HSBC Trinkaus & Burkhardt A 8.30 12/23/2016 EUR 72.31
HSBC Trinkaus & Burkhardt A 7.30 4/22/2016 EUR 72.11
HSBC Trinkaus & Burkhardt A 7.00 5/27/2016 EUR 72.91
Vontobel Financial Products 12.00 8/26/2016 EUR 68.97
Vontobel Financial Products 12.00 8/26/2016 EUR 68.48
Vontobel Financial Products 6.55 9/9/2016 EUR 73.29
Vontobel Financial Products 7.65 9/9/2016 EUR 71.79
Vontobel Financial Products 5.40 6/9/2017 EUR 72.92
Goldman Sachs & Co Wertpapi 24.00 4/20/2016 EUR 73.84
Goldman Sachs & Co Wertpapi 21.00 5/25/2016 EUR 72.45
Goldman Sachs & Co Wertpapi 9.00 7/20/2016 EUR 70.51
Vontobel Financial Products 11.75 7/8/2016 EUR 67.98
Goldman Sachs & Co Wertpapi 7.00 4/20/2016 EUR 60.57
Goldman Sachs & Co Wertpapi 9.00 4/20/2016 EUR 60.69
Goldman Sachs & Co Wertpapi 15.00 4/20/2016 EUR 61.03
Goldman Sachs & Co Wertpapi 15.00 4/20/2016 EUR 61.03
Goldman Sachs & Co Wertpapi 9.00 5/25/2016 EUR 61.55
Goldman Sachs & Co Wertpapi 15.00 5/25/2016 EUR 62.46
Goldman Sachs & Co Wertpapi 15.00 5/25/2016 EUR 62.46
Goldman Sachs & Co Wertpapi 10.00 7/20/2016 EUR 63.11
Goldman Sachs & Co Wertpapi 14.00 7/20/2016 EUR 64.34
Goldman Sachs & Co Wertpapi 10.00 8/24/2016 EUR 63.93
Goldman Sachs & Co Wertpapi 13.00 8/24/2016 EUR 65.13
Goldman Sachs & Co Wertpapi 13.00 8/24/2016 EUR 65.13
Goldman Sachs & Co Wertpapi 7.00 9/21/2016 EUR 63.11
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 64.55
Goldman Sachs & Co Wertpapi 12.00 9/21/2016 EUR 65.50
Goldman Sachs & Co Wertpapi 12.00 9/21/2016 EUR 65.50
Goldman Sachs & Co Wertpapi 12.00 9/21/2016 EUR 65.50
Goldman Sachs & Co Wertpapi 10.00 12/21/2016 EUR 66.83
Goldman Sachs & Co Wertpapi 10.00 12/21/2016 EUR 66.83
Goldman Sachs & Co Wertpapi 11.00 12/21/2016 EUR 67.55
Goldman Sachs & Co Wertpapi 11.00 12/21/2016 EUR 67.55
Goldman Sachs & Co Wertpapi 10.00 3/22/2017 EUR 68.64
Goldman Sachs & Co Wertpapi 10.00 3/22/2017 EUR 68.64
Goldman Sachs & Co Wertpapi 10.00 3/22/2017 EUR 68.64
Goldman Sachs & Co Wertpapi 10.00 6/21/2017 EUR 70.50
Goldman Sachs & Co Wertpapi 10.00 6/21/2017 EUR 70.50
Goldman Sachs & Co Wertpapi 10.00 4/20/2016 EUR 68.02
Goldman Sachs & Co Wertpapi 14.00 4/20/2016 EUR 68.25
Goldman Sachs & Co Wertpapi 14.00 4/20/2016 EUR 68.25
Goldman Sachs & Co Wertpapi 15.00 5/25/2016 EUR 69.74
Goldman Sachs & Co Wertpapi 14.00 6/22/2016 EUR 70.61
Goldman Sachs & Co Wertpapi 13.00 7/20/2016 EUR 70.66
Goldman Sachs & Co Wertpapi 12.00 8/24/2016 EUR 71.36
Goldman Sachs & Co Wertpapi 12.00 8/24/2016 EUR 71.36
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 71.17
Goldman Sachs & Co Wertpapi 11.00 9/21/2016 EUR 71.64
Goldman Sachs & Co Wertpapi 11.00 9/21/2016 EUR 71.64
Goldman Sachs & Co Wertpapi 10.00 12/21/2016 EUR 73.15
Goldman Sachs & Co Wertpapi 10.00 12/21/2016 EUR 73.15
Bank Julius Baer & Co Ltd/G 7.00 9/9/2016 CHF 72.95
Notenstein La Roche Private 7.70 3/14/2017 EUR 74.03
LBBW 5.50 2/24/2017 EUR 73.06
LBBW 3.50 2/24/2017 EUR 70.76
LBBW 4.50 2/24/2017 EUR 68.61
LBBW 5.50 2/24/2017 EUR 67.04
LBBW 4.00 2/24/2017 EUR 72.85
LBBW 5.50 2/24/2017 EUR 69.55
DZ Bank AG Deutsche Zentral 8.00 9/21/2016 EUR 66.31
UBS AG/London 9.50 9/4/2017 CHF 48.48
UBS AG/London 10.00 9/2/2016 USD 68.15
UBS AG 6.30 12/9/2016 EUR 71.54
UBS AG 7.00 9/9/2016 EUR 70.88
UBS AG 8.30 9/9/2016 EUR 68.88
Vontobel Financial Products 4.35 6/10/2016 EUR 61.80
Vontobel Financial Products 7.75 9/9/2016 EUR 58.30
Vontobel Financial Products 4.65 9/9/2016 EUR 62.86
Vontobel Financial Products 8.10 6/10/2016 EUR 56.47
Vontobel Financial Products 10.50 6/17/2016 EUR 50.90
Vontobel Financial Products 5.75 9/9/2016 EUR 70.11
Vontobel Financial Products 4.50 9/9/2016 EUR 72.33
Vontobel Financial Products 6.95 9/9/2016 EUR 68.01
Vontobel Financial Products 4.25 12/9/2016 EUR 72.59
Vontobel Financial Products 5.25 12/9/2016 EUR 70.74
Vontobel Financial Products 6.35 12/9/2016 EUR 69.05
Societe Generale Effekten G 4.00 11/25/2016 EUR 71.13
Societe Generale Effekten G 5.58 11/25/2016 EUR 68.37
Societe Generale Effekten G 6.63 6/23/2017 EUR 71.40
Societe Generale Effekten G 8.47 6/23/2017 EUR 69.57
Societe Generale Effekten G 5.29 11/25/2016 EUR 70.44
Societe Generale Effekten G 5.97 11/25/2016 EUR 69.10
Societe Generale Effekten G 7.75 11/25/2016 EUR 66.38
Societe Generale Effekten G 8.81 6/23/2017 EUR 70.81
Societe Generale Effekten G 9.62 6/23/2017 EUR 69.82
Societe Generale Effekten G 11.68 6/23/2017 EUR 67.82
Commerzbank AG 7.50 10/27/2016 EUR 64.55
Commerzbank AG 9.50 10/27/2016 EUR 62.67
Commerzbank AG 11.75 10/27/2016 EUR 61.19
Commerzbank AG 8.50 10/27/2016 EUR 72.81
Commerzbank AG 10.00 10/27/2016 EUR 70.22
Commerzbank AG 11.75 10/27/2016 EUR 68.03
Commerzbank AG 13.50 10/27/2016 EUR 66.10
Credit Suisse AG/Nassau 8.00 11/7/2016 CHF 58.79
LBBW 3.00 4/28/2017 EUR 71.13
LBBW 4.00 4/28/2017 EUR 68.90
LBBW 5.00 4/28/2017 EUR 67.47
LBBW 3.00 4/28/2017 EUR 66.70
LBBW 4.00 4/28/2017 EUR 65.34
Leonteq Securities AG 16.40 2/6/2017 CHF 60.92
Leonteq Securities AG 10.00 2/6/2017 CHF 63.42
Commerzbank AG 7.00 10/27/2016 EUR 65.62
UBS AG/London 7.68 4/28/2016 USD
Vontobel Financial Products 8.50 3/29/2016 EUR 63.84
Vontobel Financial Products 20.05 3/29/2016 EUR 57.69
Vontobel Financial Products 12.55 6/24/2016 EUR 56.71
Vontobel Financial Products 6.05 6/24/2016 EUR 61.53
Vontobel Financial Products 10.00 9/23/2016 EUR 58.65
Vontobel Financial Products 13.00 9/23/2016 EUR 57.40
Vontobel Financial Products 4.50 12/23/2016 EUR 63.50
Vontobel Financial Products 10.50 12/23/2016 EUR 58.98
DZ Bank AG Deutsche Zentral 5.75 11/25/2016 EUR 66.02
DZ Bank AG Deutsche Zentral 7.10 12/19/2016 EUR 63.44
UBS AG 10.05 5/2/2016 USD
Vontobel Financial Products 7.15 12/16/2016 EUR 65.12
Vontobel Financial Products 8.65 3/10/2017 EUR 63.96
Vontobel Financial Products 5.45 6/17/2016 EUR 66.42
Vontobel Financial Products 26.55 6/24/2016 EUR 72.22
DekaBank Deutsche Girozentr 3.10 5/5/2017 EUR 67.60
DekaBank Deutsche Girozentr 3.00 4/16/2018 EUR 64.34
DekaBank Deutsche Girozentr 3.40 4/9/2018 EUR 60.25
HSBC Trinkaus & Burkhardt A 6.00 12/6/2016 EUR 40.26
Vontobel Financial Products 7.10 5/27/2016 EUR 60.30
Leonteq Securities AG/Guern 7.68 5/16/2016 EUR 64.15
Notenstein La Roche Private 6.60 5/19/2016 CHF 61.40
UBS AG/London 13.75 3/29/2016 EUR 73.91
UBS AG/London 13.75 12/23/2016 EUR 65.86
UBS AG/London 11.75 12/23/2016 EUR 70.84
Raiffeisen Centrobank AG 5.60 6/15/2016 EUR 46.95
Credit Suisse AG/Nassau 5.00 6/6/2016 CHF 61.43
DekaBank Deutsche Girozentr 3.15 5/18/2018 EUR 45.58
Vontobel Financial Products 6.15 6/24/2016 EUR 64.96
Vontobel Financial Products 8.60 6/24/2016 EUR 53.00
Vontobel Financial Products 5.00 7/4/2016 EUR 60.60
Credit Suisse AG/Nassau 5.50 6/13/2016 CHF 54.15
DekaBank Deutsche Girozentr 3.00 5/4/2018 EUR 68.17
Goldman Sachs International 0.67 6/8/2020 GBP 70.50
Credit Suisse AG/Nassau 6.38 6/20/2016 CHF 66.92
Zurcher Kantonalbank Financ 7.38 6/17/2016 CHF 60.18
Landesbank Hessen-Thueringe 3.45 7/7/2016 EUR 70.10
Barclays Bank PLC 2.30 9/13/2016 EUR 39.23
Notenstein La Roche Private 7.50 6/23/2016 CHF 56.47
Credit Suisse AG/Nassau 5.00 7/4/2016 CHF 66.27
DekaBank Deutsche Girozentr 2.35 6/13/2016 EUR 62.36
EFG International Finance G 7.05 6/30/2016 USD 48.95
Notenstein La Roche Private 6.50 7/2/2018 USD 58.40
DekaBank Deutsche Girozentr 3.00 6/12/2018 EUR 69.86
Vontobel Financial Products 5.00 7/28/2016 EUR 62.60
Credit Suisse AG/Nassau 6.50 7/15/2016 CHF 68.96
UBS AG 9.00 7/3/2017 CHF 47.07
Vontobel Financial Products 6.30 6/10/2016 EUR 63.91
Vontobel Financial Products 4.60 6/10/2016 EUR 68.96
Vontobel Financial Products 6.90 6/10/2016 EUR 36.35
Vontobel Financial Products 4.75 6/10/2016 EUR 39.69
Vontobel Financial Products 5.15 6/10/2016 EUR 58.89
Vontobel Financial Products 3.65 6/10/2016 EUR 63.44
Vontobel Financial Products 3.45 6/10/2016 EUR 70.09
Vontobel Financial Products 5.40 6/10/2016 EUR 64.01
Vontobel Financial Products 4.55 6/10/2016 EUR 66.36
Vontobel Financial Products 4.00 6/10/2016 EUR 68.17
Credit Suisse AG/Nassau 6.50 7/25/2016 CHF 67.78
Notenstein La Roche Private 4.70 7/21/2016 EUR 70.78
Raiffeisen Centrobank AG 5.69 6/22/2016 EUR 70.78
Raiffeisen Centrobank AG 6.34 6/22/2016 EUR 72.03
Raiffeisen Centrobank AG 6.59 6/22/2016 EUR 70.49
Raiffeisen Centrobank AG 5.30 6/22/2016 EUR 71.80
Leonteq Securities AG/Guern 8.04 7/25/2016 CHF 49.41
Leonteq Securities AG/Guern 8.08 7/25/2016 EUR 49.41
Vontobel Financial Products 9.30 6/24/2016 EUR 57.10
Leonteq Securities AG/Guern 8.00 8/8/2016 EUR 66.73
Vontobel Financial Products 6.21 7/28/2016 EUR 73.68
Zurcher Kantonalbank Financ 5.50 8/14/2017 CHF 66.86
Leonteq Securities AG/Guern 8.00 8/5/2016 USD 70.95
Vontobel Financial Products 4.55 4/8/2016 EUR 65.39
Leonteq Securities AG/Guern 8.00 8/15/2016 CHF 55.32
UBS AG/London 8.75 6/24/2016 EUR 58.16
UBS AG/London 5.75 12/23/2016 EUR 53.29
UBS AG/London 4.25 12/23/2016 EUR 64.58
UBS AG/London 15.00 6/24/2016 EUR 49.98
UBS AG/London 22.50 6/24/2016 EUR 66.78
UBS AG/London 5.75 3/29/2016 EUR 59.53
UBS AG/London 15.75 6/24/2016 EUR 56.83
UBS AG/London 6.00 12/23/2016 EUR 66.61
UBS AG/London 4.50 6/24/2016 EUR 62.97
UBS AG/London 6.00 6/24/2016 EUR 66.81
UBS AG/London 10.75 6/24/2016 EUR 37.56
UBS AG/London 23.00 3/29/2016 EUR 52.81
UBS AG/London 20.75 3/29/2016 EUR 43.97
UBS AG/London 7.00 12/22/2017 EUR 67.23
UBS AG/London 14.00 12/23/2016 EUR 43.01
UBS AG/London 7.50 6/24/2016 EUR 55.25
UBS AG/London 23.75 6/24/2016 EUR 37.05
UBS AG/London 11.00 12/23/2016 EUR 57.40
UBS AG/London 7.50 3/29/2016 EUR 65.16
UBS AG/London 5.00 12/23/2016 EUR 70.54
UBS AG/London 13.25 6/24/2016 EUR 42.01
UBS AG/London 4.00 12/22/2017 EUR 73.04
UBS AG/London 19.25 6/24/2016 EUR 62.29
UBS AG/London 22.50 6/24/2016 EUR 57.40
UBS AG/London 25.00 3/29/2016 EUR 54.70
UBS AG/London 6.00 6/24/2016 EUR 58.81
UBS AG/London 4.00 12/22/2017 EUR 65.60
UBS AG/London 13.75 3/29/2016 EUR 53.20
UBS AG/London 11.25 6/24/2016 EUR 55.16
UBS AG/London 5.50 12/23/2016 EUR 68.53
UBS AG/London 24.50 3/29/2016 EUR 62.37
UBS AG/London 6.75 12/23/2016 EUR 58.46
UBS AG/London 12.25 12/23/2016 EUR 55.52
UBS AG/London 9.50 6/24/2016 EUR 58.45
UBS AG/London 4.75 6/24/2016 EUR 57.13
UBS AG/London 5.50 6/24/2016 EUR 50.34
UBS AG/London 12.50 12/22/2017 EUR 71.83
UBS AG/London 20.75 6/24/2016 EUR 56.55
UBS AG/London 10.00 6/24/2016 EUR 69.03
UBS AG/London 24.50 6/24/2016 EUR 54.69
UBS AG/London 9.50 12/22/2017 EUR 71.70
UBS AG/London 15.00 3/29/2016 EUR 60.42
UBS AG/London 4.25 12/23/2016 EUR 72.46
UBS AG/London 9.00 12/22/2017 EUR 64.51
UBS AG/London 7.50 6/24/2016 EUR 62.22
UBS AG/London 5.00 12/23/2016 EUR 59.49
UBS AG/London 4.25 12/23/2016 EUR 67.42
UBS AG/London 15.25 6/24/2016 EUR 64.88
UBS AG/London 8.25 12/23/2016 EUR 62.12
UBS AG/London 6.75 12/23/2016 EUR 65.00
UBS AG/London 5.75 12/22/2017 EUR 69.92
UBS AG/London 6.75 6/24/2016 EUR 64.42
UBS AG/London 11.00 12/22/2017 EUR 73.41
UBS AG/London 5.25 6/24/2016 EUR 69.38
UBS AG/London 5.00 12/22/2017 EUR 63.61
UBS AG/London 4.50 6/24/2016 EUR 72.16
UBS AG/London 13.00 6/24/2016 EUR 52.35
UBS AG/London 6.25 12/22/2017 EUR 69.43
UBS AG/London 7.75 3/29/2016 EUR 60.44
UBS AG/London 9.00 12/23/2016 EUR 72.59
UBS AG/London 12.75 3/29/2016 EUR 65.13
UBS AG/London 23.25 6/24/2016 EUR 53.40
UBS AG/London 5.00 12/22/2017 EUR 73.01
UBS AG/London 9.50 3/29/2016 EUR 60.59
UBS AG/London 15.75 6/24/2016 EUR 48.86
UBS AG/London 24.50 3/29/2016 EUR 37.72
UBS AG/London 15.25 3/29/2016 EUR 67.69
UBS AG/London 5.75 6/24/2016 EUR 70.87
UBS AG/London 19.00 6/24/2016 EUR 72.35
UBS AG/London 6.50 6/24/2016 EUR 55.89
UBS AG/London 22.25 6/24/2016 EUR 27.48
UBS AG/London 24.75 6/24/2016 EUR 67.43
UBS AG/London 22.50 6/24/2016 EUR 45.30
UBS AG/London 5.50 12/23/2016 EUR 72.34
UBS AG/London 5.25 6/24/2016 EUR 58.75
UBS AG/London 4.25 3/29/2016 EUR 67.00
UBS AG/London 23.50 6/24/2016 EUR 64.81
UBS AG/London 7.75 12/22/2017 EUR 45.14
UBS AG/London 19.25 6/24/2016 EUR 49.02
UBS AG/London 24.75 3/29/2016 EUR 22.06
UBS AG/London 5.75 6/24/2016 EUR 41.74
UBS AG/London 16.50 6/24/2016 EUR 63.67
UBS AG/London 5.50 3/29/2016 EUR 69.77
UBS AG/London 10.00 3/29/2016 EUR 53.83
UniCredit Bank AG 4.25 9/12/2017 EUR 60.42
Leonteq Securities AG/Guern 5.00 8/22/2016 CHF 48.95
Commerzbank AG 5.25 6/23/2016 EUR 71.83
Commerzbank AG 5.75 6/23/2016 EUR 70.09
Commerzbank AG 6.50 6/23/2016 EUR 68.53
Commerzbank AG 7.00 6/23/2016 EUR 66.95
Commerzbank AG 7.50 6/23/2016 EUR 65.48
Commerzbank AG 7.75 6/23/2016 EUR 64.57
Commerzbank AG 5.00 6/23/2016 EUR 65.99
Commerzbank AG 5.75 6/23/2016 EUR 64.47
Commerzbank AG 6.25 6/23/2016 EUR 62.96
Commerzbank AG 6.75 6/23/2016 EUR 61.52
Commerzbank AG 7.50 6/23/2016 EUR 60.19
Commerzbank AG 5.00 6/23/2016 EUR 44.70
Commerzbank AG 5.75 6/23/2016 EUR 43.21
Commerzbank AG 6.25 6/23/2016 EUR 42.16
Commerzbank AG 6.75 6/23/2016 EUR 41.25
Commerzbank AG 7.25 6/23/2016 EUR 40.34
Commerzbank AG 8.00 6/23/2016 EUR 39.56
Notenstein La Roche Private 4.90 8/15/2017 CHF 71.20
Vontobel Financial Products 5.00 9/23/2016 EUR 36.58
Zurcher Kantonalbank Financ 8.00 9/1/2016 CHF 62.47
Zurcher Kantonalbank Financ 7.50 9/1/2016 CHF 66.34
DekaBank Deutsche Girozentr 3.40 6/10/2016 EUR 74.25
DekaBank Deutsche Girozentr 2.15 8/5/2016 EUR 70.79
Notenstein La Roche Private 5.00 8/29/2018 CHF 60.23
Notenstein La Roche Private 9.10 8/29/2016 CHF 69.48
Notenstein La Roche Private 9.10 8/29/2016 CHF 25.08
Commerzbank AG 5.50 6/23/2016 EUR 61.54
Commerzbank AG 6.00 6/23/2016 EUR 60.09
Commerzbank AG 6.50 6/23/2016 EUR 58.71
Commerzbank AG 7.25 6/23/2016 EUR 57.46
Commerzbank AG 5.25 6/23/2016 EUR 70.97
Commerzbank AG 6.50 6/23/2016 EUR 67.80
Notenstein La Roche Private 6.90 8/25/2016 CHF 68.54
Leonteq Securities AG/Guern 5.80 9/12/2016 CHF 60.74
Raiffeisen Centrobank AG 7.25 9/26/2016 EUR 39.61
Leonteq Securities AG/Guern 8.04 8/29/2016 EUR 72.00
Bank Julius Baer & Co Ltd/G 8.20 8/29/2016 CHF 54.80
Zurcher Kantonalbank Financ 7.50 9/12/2016 CHF 56.38
Notenstein La Roche Private 5.04 8/28/2017 CHF 55.00
Notenstein La Roche Private 5.00 9/5/2018 CHF 69.42
Notenstein La Roche Private 10.00 9/5/2016 CHF 65.92
Notenstein La Roche Private 7.00 9/5/2016 EUR 69.13
Notenstein La Roche Private 7.00 9/5/2016 CHF 72.79
Leonteq Securities AG/Guern 4.68 8/29/2017 CHF 54.54
Leonteq Securities AG/Guern 9.50 9/8/2016 USD 74.67
Bank Julius Baer & Co Ltd/G 7.00 9/12/2016 CHF 39.00
Leonteq Securities AG/Guern 5.99 9/11/2017 EUR 43.65
Notenstein La Roche Private 7.50 9/12/2016 CHF 71.51
Notenstein La Roche Private 7.50 9/12/2016 EUR 56.28
Zurcher Kantonalbank Financ 7.60 9/16/2016 CHF 72.51
Zurcher Kantonalbank Financ 7.15 9/16/2016 CHF 65.64
Vontobel Financial Products 5.84 9/9/2016 EUR 31.49
Leonteq Securities AG 6.00 9/26/2016 CHF 69.06
Leonteq Securities AG 7.20 9/26/2016 EUR 69.29
Notenstein La Roche Private 7.20 9/19/2016 CHF 66.79
Notenstein La Roche Private 6.50 9/19/2016 CHF 69.70
Credit Suisse AG/Nassau 6.25 9/26/2016 CHF 69.73
Notenstein La Roche Private 4.00 9/26/2018 CHF 72.86
Notenstein La Roche Private 7.50 9/26/2016 EUR 67.28
Notenstein La Roche Private 7.00 9/26/2016 CHF 64.94
Notenstein La Roche Private 7.00 9/26/2016 CHF 70.56
Notenstein La Roche Private 5.50 9/26/2016 CHF 49.85
Notenstein La Roche Private 6.50 9/26/2016 CHF 67.76
Notenstein La Roche Private 5.00 9/26/2016 CHF 52.11
Zurcher Kantonalbank Financ 5.35 4/1/2016 CHF 73.35
Notenstein La Roche Private 8.00 10/3/2016 CHF 47.97
Notenstein La Roche Private 7.50 10/3/2016 CHF 67.83
WGZ-Bank AG Westdeutsche Ge 5.00 6/10/2016 EUR 64.30
Zurcher Kantonalbank Financ 7.20 4/14/2016 CHF 55.64
Deutsche Bank AG 5.20 6/21/2016 EUR 66.60
Deutsche Bank AG 6.20 6/21/2016 EUR 66.90
Deutsche Bank AG 5.20 6/21/2016 EUR 63.90
Deutsche Bank AG 6.20 6/21/2016 EUR 64.10
Deutsche Bank AG 5.20 6/21/2016 EUR 61.50
Deutsche Bank AG 6.20 6/21/2016 EUR 61.70
Deutsche Bank AG 5.20 6/21/2016 EUR 59.30
Deutsche Bank AG 6.20 6/21/2016 EUR 59.50
Deutsche Bank AG 5.20 6/21/2016 EUR 58.60
Deutsche Bank AG 6.20 6/21/2016 EUR 58.90
Deutsche Bank AG 5.20 6/21/2016 EUR 56.60
Deutsche Bank AG 6.20 6/21/2016 EUR 56.80
Deutsche Bank AG 5.20 6/21/2016 EUR 38.80
Deutsche Bank AG 6.20 6/21/2016 EUR 39.10
Deutsche Bank AG 5.20 6/21/2016 EUR 37.60
Deutsche Bank AG 6.20 6/21/2016 EUR 37.80
Deutsche Bank AG 5.20 6/21/2016 EUR 68.50
Deutsche Bank AG 5.20 6/21/2016 EUR 72.60
Deutsche Bank AG 6.20 6/21/2016 EUR 72.80
Deutsche Bank AG 6.20 6/21/2016 EUR 68.70
Bank Julius Baer & Co Ltd/G 4.90 3/30/2016 CHF 70.85
Notenstein Finance Guernsey 8.68 4/1/2016 USD 31.41
Bank Julius Baer & Co Ltd/G 4.75 10/10/2016 CHF 68.95
HSBC Trinkaus & Burkhardt A 23.70 6/24/2016 EUR 68.46
HSBC Trinkaus & Burkhardt A 23.70 6/24/2016 EUR 68.46
HSBC Trinkaus & Burkhardt A 19.70 9/23/2016 EUR 71.02
HSBC Trinkaus & Burkhardt A 19.70 9/23/2016 EUR 71.02
Bank Julius Baer & Co Ltd/G 12.60 11/17/2016 CHF 59.35
Goldman Sachs & Co Wertpapi 5.00 10/26/2016 EUR 62.55
Goldman Sachs & Co Wertpapi 5.00 11/23/2016 EUR 62.88
Vontobel Financial Products 18.00 6/24/2016 EUR 72.56
Goldman Sachs & Co Wertpapi 21.00 12/21/2016 EUR 73.71
Goldman Sachs & Co Wertpapi 21.00 11/23/2016 EUR 62.58
Deutsche Bank AG 5.20 7/20/2016 EUR 74.00
Deutsche Bank AG 5.20 7/20/2016 EUR 72.40
Deutsche Bank AG 5.20 7/20/2016 EUR 69.50
Deutsche Bank AG 5.20 7/20/2016 EUR 66.70
Deutsche Bank AG 5.20 7/20/2016 EUR 64.20
Deutsche Bank AG 5.20 8/24/2016 EUR 69.80
Deutsche Bank AG 5.20 8/24/2016 EUR 67.10
Deutsche Bank AG 5.20 8/24/2016 EUR 64.60
Deutsche Bank AG 5.20 10/26/2016 EUR 67.70
Deutsche Bank AG 5.20 10/26/2016 EUR 65.30
Deutsche Bank AG 5.20 11/23/2016 EUR 67.90
Deutsche Bank AG 5.20 11/23/2016 EUR 65.50
Deutsche Bank AG 6.50 6/21/2016 EUR 73.50
Deutsche Bank AG 5.50 6/21/2016 EUR 73.30
Deutsche Bank AG 5.50 9/20/2016 EUR 74.40
Deutsche Bank AG 6.50 6/21/2016 EUR 62.00
Deutsche Bank AG 6.50 9/20/2016 EUR 63.10
Deutsche Bank AG 5.50 9/20/2016 EUR 62.60
Deutsche Bank AG 6.50 12/20/2016 EUR 64.10
Deutsche Bank AG 5.50 12/20/2016 EUR 63.30
Bank Julius Baer & Co Ltd/G 11.35 11/18/2016 CHF 62.75
UBS AG/London 9.00 11/11/2016 CHF 59.26
Leonteq Securities AG 7.40 11/20/2017 EUR 69.49
Bank J Safra Sarasin AG/Gue 8.30 11/11/2016 CHF 70.85
Vontobel Financial Products 7.05 6/24/2016 EUR 68.23
Vontobel Financial Products 13.00 3/29/2016 EUR 69.03
Vontobel Financial Products 15.00 3/29/2016 EUR 67.74
Vontobel Financial Products 17.10 3/29/2016 EUR 66.48
Vontobel Financial Products 19.20 3/29/2016 EUR 65.25
Vontobel Financial Products 15.55 6/24/2016 EUR 61.68
Vontobel Financial Products 16.55 6/24/2016 EUR 60.86
Vontobel Financial Products 16.55 6/24/2016 EUR 60.86
Vontobel Financial Products 18.50 6/24/2016 EUR 60.30
Vontobel Financial Products 14.50 6/24/2016 EUR 62.53
Vontobel Financial Products 13.05 6/24/2016 EUR 63.32
Vontobel Financial Products 11.50 6/24/2016 EUR 64.13
Vontobel Financial Products 6.10 6/24/2016 EUR 69.42
Vontobel Financial Products 5.05 6/24/2016 EUR 70.63
Vontobel Financial Products 4.05 6/24/2016 EUR 71.90
Vontobel Financial Products 4.50 9/23/2016 EUR 72.41
Vontobel Financial Products 5.00 9/23/2016 EUR 71.28
Vontobel Financial Products 6.00 9/23/2016 EUR 70.38
Vontobel Financial Products 6.55 3/29/2016 EUR 74.90
Vontobel Financial Products 10.55 6/24/2016 EUR 65.12
Vontobel Financial Products 9.00 6/24/2016 EUR 66.02
Vontobel Financial Products 8.05 6/24/2016 EUR 67.11
Vontobel Financial Products 8.55 3/29/2016 EUR 71.81
Vontobel Financial Products 6.50 9/23/2016 EUR 69.30
Vontobel Financial Products 7.50 9/23/2016 EUR 68.49
Vontobel Financial Products 8.50 9/23/2016 EUR 67.73
Vontobel Financial Products 9.05 9/23/2016 EUR 66.78
Vontobel Financial Products 10.00 9/23/2016 EUR 66.07
Vontobel Financial Products 11.00 9/23/2016 EUR 65.42
Vontobel Financial Products 12.00 9/23/2016 EUR 64.80
Vontobel Financial Products 13.00 9/23/2016 EUR 64.22
Vontobel Financial Products 15.00 9/23/2016 EUR 63.15
Vontobel Financial Products 12.00 12/23/2016 EUR 64.72
Vontobel Financial Products 10.50 12/23/2016 EUR 65.61
Vontobel Financial Products 9.00 12/23/2016 EUR 67.24
Credit Suisse AG/London 7.25 11/23/2016 CHF 61.41
Vontobel Financial Products 25.10 6/24/2016 EUR 75.36
Commerzbank AG 17.50 10/27/2016 EUR 68.99
DZ Bank AG Deutsche Zentral 11.75 11/25/2016 EUR 67.80
DZ Bank AG Deutsche Zentral 5.00 11/25/2016 EUR 63.06
Vontobel Financial Products 5.05 10/28/2016 EUR 72.89
Vontobel Financial Products 5.00 12/23/2016 EUR 73.21
Vontobel Financial Products 6.05 12/23/2016 EUR 71.47
Vontobel Financial Products 8.50 12/23/2016 EUR 68.49
Vontobel Financial Products 10.00 12/23/2016 EUR 67.35
UBS AG 9.89 11/16/2016 USD 9.06
Bank Julius Baer & Co Ltd/G 10.60 12/9/2016 CHF 65.20
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 70.07
DZ Bank AG Deutsche Zentral 14.80 9/23/2016 EUR 62.62
DZ Bank AG Deutsche Zentral 17.80 9/23/2016 EUR 60.61
DZ Bank AG Deutsche Zentral 11.10 12/23/2016 EUR 65.23
DZ Bank AG Deutsche Zentral 13.10 12/23/2016 EUR 63.58
DZ Bank AG Deutsche Zentral 15.50 12/23/2016 EUR 62.11
DZ Bank AG Deutsche Zentral 11.30 3/24/2017 EUR 66.86
DZ Bank AG Deutsche Zentral 12.90 3/24/2017 EUR 65.51
DZ Bank AG Deutsche Zentral 14.70 3/24/2017 EUR 64.24
DZ Bank AG Deutsche Zentral 12.70 9/23/2016 EUR 66.55
DZ Bank AG Deutsche Zentral 12.40 9/23/2016 EUR 64.84
DZ Bank AG Deutsche Zentral 7.60 9/23/2016 EUR 67.33
DZ Bank AG Deutsche Zentral 5.90 12/23/2016 EUR 70.31
DZ Bank AG Deutsche Zentral 8.60 12/23/2016 EUR 69.82
DZ Bank AG Deutsche Zentral 4.50 3/24/2017 EUR 70.04
DZ Bank AG Deutsche Zentral 5.80 3/24/2017 EUR 68.95
HSBC Trinkaus & Burkhardt A 24.20 9/23/2016 EUR 58.59
HSBC Trinkaus & Burkhardt A 24.30 9/23/2016 EUR 58.64
HSBC Trinkaus & Burkhardt A 20.30 12/23/2016 EUR 61.32
HSBC Trinkaus & Burkhardt A 20.30 12/23/2016 EUR 61.32
HSBC Trinkaus & Burkhardt A 17.60 3/24/2017 EUR 63.26
HSBC Trinkaus & Burkhardt A 17.60 3/24/2017 EUR 63.26
HSBC Trinkaus & Burkhardt A 23.80 7/22/2016 EUR 57.54
HSBC Trinkaus & Burkhardt A 17.00 1/27/2017 EUR 63.21
LBBW 4.00 11/25/2016 EUR 71.75
Bank Julius Baer & Co Ltd/G 9.50 12/16/2016 CHF 67.20
Vontobel Financial Products 4.70 3/29/2016 EUR 67.52
Vontobel Financial Products 13.55 3/29/2016 EUR 60.58
Vontobel Financial Products 16.55 6/24/2016 EUR 54.95
Vontobel Financial Products 9.05 6/24/2016 EUR 58.89
Vontobel Financial Products 5.00 9/23/2016 EUR 62.56
Vontobel Financial Products 7.50 9/23/2016 EUR 60.43
Vontobel Financial Products 8.00 12/23/2016 EUR 59.82
Vontobel Financial Products 6.00 12/23/2016 EUR 61.32
Bank Julius Baer & Co Ltd/G 9.40 11/10/2016 CHF 53.40
DZ Bank AG Deutsche Zentral 13.00 6/24/2016 EUR 70.79
Vontobel Financial Products 3.00 6/24/2016 EUR 65.78
Vontobel Financial Products 6.10 6/10/2016 EUR 59.11
Vontobel Financial Products 17.15 9/16/2016 EUR 58.49
Vontobel Financial Products 7.10 6/17/2016 EUR 64.19
Vontobel Financial Products 3.90 6/17/2016 EUR 68.86
Vontobel Financial Products 13.50 6/24/2016 EUR 73.50
BNP Paribas Emissions- und 5.50 9/22/2016 EUR 70.76
BNP Paribas Emissions- und 5.50 12/22/2016 EUR 71.83
Deutsche Bank AG 6.50 12/20/2016 EUR 69.00
DZ Bank AG Deutsche Zentral 8.80 6/20/2016 EUR 68.90
DZ Bank AG Deutsche Zentral 4.70 12/19/2016 EUR 72.95
Goldman Sachs & Co Wertpapi 7.00 1/25/2017 EUR 69.47
Goldman Sachs & Co Wertpapi 10.00 1/25/2017 EUR 71.93
Goldman Sachs & Co Wertpapi 7.00 12/20/2017 EUR 73.51
Goldman Sachs & Co Wertpapi 5.00 12/20/2017 EUR 70.08
Goldman Sachs & Co Wertpapi 6.00 12/20/2017 EUR 71.79
Goldman Sachs & Co Wertpapi 7.00 12/20/2017 EUR 73.51
Goldman Sachs & Co Wertpapi 8.00 1/25/2017 EUR 72.96
Goldman Sachs & Co Wertpapi 14.00 1/25/2017 EUR 69.11
Goldman Sachs & Co Wertpapi 18.00 1/25/2017 EUR 68.63
Goldman Sachs & Co Wertpapi 11.00 12/20/2017 EUR 72.37
Goldman Sachs & Co Wertpapi 24.00 9/21/2016 EUR 74.41
Vontobel Financial Products 10.00 9/23/2016 EUR 73.07
HSBC Trinkaus & Burkhardt A 9.70 12/23/2016 EUR 69.24
HSBC Trinkaus & Burkhardt A 7.00 6/23/2017 EUR 71.87
HSBC Trinkaus & Burkhardt A 10.20 5/27/2016 EUR 67.04
HSBC Trinkaus & Burkhardt A 9.40 7/22/2016 EUR 68.24
HSBC Trinkaus & Burkhardt A 18.60 12/23/2016 EUR 62.81
HSBC Trinkaus & Burkhardt A 8.20 3/24/2017 EUR 71.04
HSBC Trinkaus & Burkhardt A 12.80 1/27/2017 EUR 66.50
Leonteq Securities AG 10.20 11/30/2016 CHF 65.84
Vontobel Financial Products 10.00 12/23/2016 EUR 68.98
Bank Julius Baer & Co Ltd/G 6.00 11/25/2016 EUR 68.45
Notenstein La Roche Private 9.68 6/15/2017 CHF 70.94
Vontobel Financial Products 15.50 12/23/2016 EUR 72.50
Vontobel Financial Products 15.55 9/23/2016 EUR 72.38
DZ Bank AG Deutsche Zentral 5.70 6/20/2016 EUR 72.61
DZ Bank AG Deutsche Zentral 7.20 6/20/2016 EUR 70.68
DZ Bank AG Deutsche Zentral 4.90 9/19/2016 EUR 72.82
Goldman Sachs & Co Wertpapi 4.00 1/25/2017 EUR 67.00
Goldman Sachs & Co Wertpapi 6.00 1/25/2017 EUR 68.65
Goldman Sachs & Co Wertpapi 8.00 1/25/2017 EUR 70.29
Goldman Sachs & Co Wertpapi 10.00 1/25/2017 EUR 71.93
Goldman Sachs & Co Wertpapi 4.00 3/22/2017 EUR 66.99
Goldman Sachs & Co Wertpapi 6.00 12/20/2017 EUR 71.79
Goldman Sachs & Co Wertpapi 7.00 12/20/2017 EUR 73.51
Goldman Sachs & Co Wertpapi 7.00 12/20/2017 EUR 73.51
Goldman Sachs & Co Wertpapi 7.00 12/20/2017 EUR 73.51
Goldman Sachs & Co Wertpapi 23.00 7/20/2016 EUR 64.96
Goldman Sachs & Co Wertpapi 10.00 1/25/2017 EUR 72.26
UBS AG 9.09 12/8/2016 USD
UBS AG/London 11.00 11/18/2016 USD 70.85
Vontobel Financial Products 11.50 12/23/2016 EUR 70.69
Leonteq Securities AG 8.80 6/21/2017 CHF 71.22
HSBC Trinkaus & Burkhardt A 10.80 9/23/2016 EUR 67.86
HSBC Trinkaus & Burkhardt A 7.00 9/23/2016 EUR 71.04
HSBC Trinkaus & Burkhardt A 6.80 12/23/2016 EUR 71.89
HSBC Trinkaus & Burkhardt A 7.90 1/27/2017 EUR 70.77
HSBC Trinkaus & Burkhardt A 18.20 9/23/2016 EUR 61.94
HSBC Trinkaus & Burkhardt A 14.80 9/23/2016 EUR 64.34
HSBC Trinkaus & Burkhardt A 16.10 3/24/2017 EUR 64.37
HSBC Trinkaus & Burkhardt A 16.30 7/22/2016 EUR 62.76
DZ Bank AG Deutsche Zentral 5.00 12/12/2016 EUR 52.73
Vontobel Financial Products 16.45 11/25/2016 EUR 63.34
Leonteq Securities AG 14.00 11/30/2016 CHF 59.71
UBS AG 23.78 6/12/2017 USD 5.96
Zurcher Kantonalbank Financ 8.50 12/22/2016 CHF 70.11
DZ Bank AG Deutsche Zentral 7.00 3/24/2017 EUR 65.73
DZ Bank AG Deutsche Zentral 10.00 9/23/2016 EUR 70.64
Vontobel Financial Products 16.55 12/23/2016 EUR 72.16
DZ Bank AG Deutsche Zentral 7.00 6/24/2016 EUR 67.34
Vontobel Financial Products 19.05 6/24/2016 EUR 71.04
Vontobel Financial Products 21.05 6/24/2016 EUR 70.15
Vontobel Financial Products 16.50 11/25/2016 EUR 71.97
Vontobel Financial Products 19.00 11/25/2016 EUR 71.42
DZ Bank AG Deutsche Zentral 7.25 12/19/2016 EUR 72.30
DZ Bank AG Deutsche Zentral 11.50 6/24/2016 EUR 68.54
DZ Bank AG Deutsche Zentral 9.75 11/25/2016 EUR 71.43
DZ Bank AG Deutsche Zentral 6.25 3/24/2017 EUR 70.26
Vontobel Financial Products 18.00 12/23/2016 EUR 70.13
Vontobel Financial Products 21.00 12/23/2016 EUR 69.37
Vontobel Financial Products 11.50 12/23/2016 EUR 72.28
Bank Julius Baer & Co Ltd/G 5.50 11/24/2016 CHF 71.35
DZ Bank AG Deutsche Zentral 7.25 12/19/2016 EUR 68.35
DZ Bank AG Deutsche Zentral 9.00 9/19/2016 EUR 68.01
DZ Bank AG Deutsche Zentral 9.25 12/19/2016 EUR 69.80
Commerzbank AG 12.50 4/21/2016 EUR 66.71
Commerzbank AG 9.50 8/25/2016 EUR 69.25
DekaBank Deutsche Girozentr 4.20 4/1/2016 EUR 59.13
Deutsche Bank AG 5.20 6/20/2017 EUR 71.90
Leonteq Securities AG/Guern 10.40 4/27/2016 CHF 35.51
Commerzbank AG 10.00 11/24/2016 EUR 68.79
EFG International Finance G 8.32 12/21/2016 CHF 71.71
Zurcher Kantonalbank Financ 7.40 5/11/2016 CHF 69.57
UniCredit Bank AG 4.60 6/22/2017 EUR 72.02
UniCredit Bank AG 4.60 6/22/2017 EUR 72.56
UniCredit Bank AG 4.80 6/22/2017 EUR 71.19
DekaBank Deutsche Girozentr 4.00 10/21/2016 EUR 53.10
UBS AG 11.43 5/3/2016 USD
DZ Bank AG Deutsche Zentral 7.10 11/23/2016 EUR 65.37
UBS AG/London 8.30 2/10/2017 EUR 71.44
UBS AG/London 9.40 12/9/2016 EUR 70.97
UBS AG/London 4.70 2/10/2017 EUR 66.01
Vontobel Financial Products 10.00 9/23/2016 EUR 58.64
UBS AG/London 8.10 12/9/2016 EUR 69.91
UBS AG 6.54 5/4/2016 USD
Goldman Sachs & Co Wertpapi 13.00 5/25/2016 EUR 59.93
Goldman Sachs & Co Wertpapi 13.00 5/25/2016 EUR 59.93
Goldman Sachs & Co Wertpapi 11.00 8/24/2016 EUR 62.16
Goldman Sachs & Co Wertpapi 11.00 8/24/2016 EUR 62.16
Goldman Sachs & Co Wertpapi 4.00 10/26/2016 EUR 59.86
Goldman Sachs & Co Wertpapi 4.00 11/23/2016 EUR 60.13
Goldman Sachs & Co Wertpapi 10.00 11/23/2016 EUR 64.03
Goldman Sachs & Co Wertpapi 10.00 11/23/2016 EUR 64.03
Goldman Sachs & Co Wertpapi 5.00 9/20/2017 EUR 63.53
Goldman Sachs & Co Wertpapi 14.00 11/23/2016 EUR 61.24
Goldman Sachs & Co Wertpapi 17.00 11/23/2016 EUR 59.98
Bank Julius Baer & Co Ltd/G 9.80 11/7/2016 EUR 61.75
UBS AG/London 12.00 11/4/2016 CHF 49.54
Bank Julius Baer & Co Ltd/G 9.90 11/11/2016 USD 59.55
UBS AG 7.50 12/23/2016 EUR 66.66
UBS AG 7.00 6/24/2016 EUR 66.50
UBS AG 6.50 12/23/2016 EUR 65.07
UBS AG 5.50 12/23/2016 EUR 70.72
Vontobel Financial Products 6.50 12/23/2016 EUR 69.72
Bank Julius Baer & Co Ltd/G 5.50 11/6/2017 CHF 59.55
Credit Suisse AG/London 7.00 5/16/2017 CHF 69.74
DZ Bank AG Deutsche Zentral 5.75 6/24/2016 EUR 67.18
DZ Bank AG Deutsche Zentral 5.75 9/23/2016 EUR 66.74
DZ Bank AG Deutsche Zentral 6.00 12/23/2016 EUR 66.46
DZ Bank AG Deutsche Zentral 5.25 3/24/2017 EUR 67.97
Deutsche Bank AG 4.20 7/20/2016 EUR 72.00
Deutsche Bank AG 6.20 7/20/2016 EUR 69.80
Deutsche Bank AG 6.20 7/20/2016 EUR 67.10
Deutsche Bank AG 6.20 7/20/2016 EUR 64.50
Deutsche Bank AG 4.20 8/24/2016 EUR 72.10
Deutsche Bank AG 6.20 8/24/2016 EUR 70.10
Deutsche Bank AG 6.20 8/24/2016 EUR 67.50
Deutsche Bank AG 6.20 8/24/2016 EUR 65.00
Deutsche Bank AG 4.20 10/26/2016 EUR 72.20
Deutsche Bank AG 6.20 10/26/2016 EUR 68.20
Deutsche Bank AG 6.20 10/26/2016 EUR 65.80
Deutsche Bank AG 6.20 10/26/2016 EUR 63.50
Deutsche Bank AG 4.20 11/23/2016 EUR 72.30
Deutsche Bank AG 4.20 11/23/2016 EUR 69.70
Deutsche Bank AG 6.20 11/23/2016 EUR 68.50
Deutsche Bank AG 4.20 11/23/2016 EUR 67.20
Deutsche Bank AG 6.20 11/23/2016 EUR 66.20
Deutsche Bank AG 6.20 11/23/2016 EUR 63.90
Deutsche Bank AG 3.20 11/23/2016 EUR 71.60
Deutsche Bank AG 3.20 11/23/2016 EUR 69.00
Deutsche Bank AG 7.20 7/20/2016 EUR 64.80
Deutsche Bank AG 7.20 8/24/2016 EUR 65.40
Deutsche Bank AG 7.20 10/26/2016 EUR 66.40
Deutsche Bank AG 7.20 11/23/2016 EUR 66.80
Deutsche Bank AG 9.20 7/20/2016 EUR 63.10
Deutsche Bank AG 9.20 8/24/2016 EUR 63.90
Deutsche Bank AG 9.20 10/26/2016 EUR 65.30
Deutsche Bank AG 9.20 11/23/2016 EUR 65.90
Deutsche Bank AG 9.20 3/21/2017 EUR 68.60
DZ Bank AG Deutsche Zentral 4.00 5/20/2016 EUR 61.48
Notenstein La Roche Private 6.00 11/21/2016 CHF 64.65
Vontobel Financial Products 7.00 6/24/2016 EUR 70.47
WGZ-Bank AG Westdeutsche Ge 3.00 6/22/2016 EUR 70.77
WGZ-Bank AG Westdeutsche Ge 4.00 6/22/2016 EUR 68.09
WGZ-Bank AG Westdeutsche Ge 5.00 6/22/2016 EUR 65.61
WGZ-Bank AG Westdeutsche Ge 6.00 6/22/2016 EUR 63.30
Vontobel Financial Products 10.10 5/27/2016 EUR 71.87
Notenstein La Roche Private 4.10 6/5/2019 CHF 66.88
Notenstein La Roche Private 3.30 6/5/2019 CHF 74.18
Leonteq Securities AG 3.00 6/4/2020 CHF 70.14
HSBC Trinkaus & Burkhardt A 12.60 6/24/2016 EUR 51.22
HSBC Trinkaus & Burkhardt A 11.10 9/23/2016 EUR 53.17
HSBC Trinkaus & Burkhardt A 10.90 5/27/2016 EUR 52.64
HSBC Trinkaus & Burkhardt A 10.90 9/23/2016 EUR 72.15
HSBC Trinkaus & Burkhardt A 13.20 6/24/2016 EUR 71.31
HSBC Trinkaus & Burkhardt A 12.20 9/23/2016 EUR 72.72
HSBC Trinkaus & Burkhardt A 10.90 9/23/2016 EUR 72.26
HSBC Trinkaus & Burkhardt A 7.10 12/23/2016 EUR 68.31
HSBC Trinkaus & Burkhardt A 8.20 5/27/2016 EUR 64.99
HSBC Trinkaus & Burkhardt A 11.30 6/24/2016 EUR 55.05
HSBC Trinkaus & Burkhardt A 7.10 6/24/2016 EUR 59.84
HSBC Trinkaus & Burkhardt A 10.00 9/23/2016 EUR 57.23
HSBC Trinkaus & Burkhardt A 6.60 9/23/2016 EUR 61.33
HSBC Trinkaus & Burkhardt A 8.10 12/23/2016 EUR 59.96
HSBC Trinkaus & Burkhardt A 9.30 5/27/2016 EUR 55.47
HSBC Trinkaus & Burkhardt A 10.70 6/24/2016 EUR 72.12
HSBC Trinkaus & Burkhardt A 10.40 9/23/2016 EUR 56.83
HSBC Trinkaus & Burkhardt A 8.20 6/24/2016 EUR 72.12
HSBC Trinkaus & Burkhardt A 7.20 9/23/2016 EUR 73.59
HSBC Trinkaus & Burkhardt A 9.70 9/23/2016 EUR 50.01
HSBC Trinkaus & Burkhardt A 12.10 6/24/2016 EUR 70.79
HSBC Trinkaus & Burkhardt A 12.70 9/23/2016 EUR 70.15
HSBC Trinkaus & Burkhardt A 10.90 9/23/2016 EUR 72.66
HSBC Trinkaus & Burkhardt A 11.50 9/23/2016 EUR 68.20
HSBC Trinkaus & Burkhardt A 11.50 9/23/2016 EUR 51.09
HSBC Trinkaus & Burkhardt A 10.30 5/27/2016 EUR 70.27
HSBC Trinkaus & Burkhardt A 10.10 6/24/2016 EUR 73.08
HSBC Trinkaus & Burkhardt A 9.80 6/24/2016 EUR 74.12
HSBC Trinkaus & Burkhardt A 7.10 6/24/2016 EUR 51.25
HSBC Trinkaus & Burkhardt A 8.40 6/24/2016 EUR 51.34
HSBC Trinkaus & Burkhardt A 9.70 6/24/2016 EUR 73.92
Goldman Sachs & Co Wertpapi 7.00 5/25/2016 EUR 55.02
Goldman Sachs & Co Wertpapi 11.00 4/20/2016 EUR 52.75
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 54.63
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 54.63
LBBW 3.00 6/24/2016 EUR 62.34
LBBW 4.50 6/24/2016 EUR 58.86
LBBW 3.50 6/24/2016 EUR 69.00
LBBW 4.50 6/24/2016 EUR 66.99
LBBW 5.00 6/24/2016 EUR 70.93
LBBW 3.00 6/24/2016 EUR 69.10
LBBW 4.50 6/24/2016 EUR 65.05
LBBW 6.00 6/24/2016 EUR 62.20
LBBW 3.00 6/24/2016 EUR 66.90
LBBW 4.00 6/24/2016 EUR 64.50
LBBW 3.00 6/24/2016 EUR 52.84
LBBW 5.50 6/24/2016 EUR 72.69
LBBW 3.00 6/24/2016 EUR 58.18
LBBW 4.00 6/24/2016 EUR 56.11
LBBW 5.00 6/24/2016 EUR 54.21
LBBW 3.00 6/24/2016 EUR 60.45
LBBW 4.00 6/24/2016 EUR 58.25
LBBW 5.00 6/24/2016 EUR 56.53
LBBW 6.00 6/24/2016 EUR 55.06
Notenstein La Roche Private 6.00 11/29/2016 EUR 54.82
Notenstein La Roche Private 5.80 5/29/2017 CHF 70.19
Notenstein La Roche Private 5.50 5/30/2016 CHF 73.36
Credit Suisse AG/Nassau 6.00 12/2/2016 EUR 53.63
Leonteq Securities AG 11.20 8/29/2016 CHF 61.00
Leonteq Securities AG 10.40 9/1/2016 CHF 51.51
Goldman Sachs & Co Wertpapi 19.00 5/25/2016 EUR 66.81
Goldman Sachs & Co Wertpapi 19.00 4/20/2016 EUR 67.55
Goldman Sachs & Co Wertpapi 14.00 5/25/2016 EUR 72.42
Goldman Sachs & Co Wertpapi 19.00 5/25/2016 EUR 67.33
Goldman Sachs & Co Wertpapi 15.00 9/21/2016 EUR 71.59
Goldman Sachs & Co Wertpapi 24.00 4/20/2016 EUR 72.71
Goldman Sachs & Co Wertpapi 24.00 5/25/2016 EUR 72.47
Goldman Sachs & Co Wertpapi 21.00 6/22/2016 EUR 50.64
Goldman Sachs & Co Wertpapi 20.00 4/20/2016 EUR 61.99
Goldman Sachs & Co Wertpapi 21.00 4/20/2016 EUR 69.84
Goldman Sachs & Co Wertpapi 19.00 6/22/2016 EUR 73.10
Goldman Sachs & Co Wertpapi 15.00 4/20/2016 EUR 46.16
Goldman Sachs & Co Wertpapi 20.00 4/20/2016 EUR 42.96
Goldman Sachs & Co Wertpapi 10.00 9/21/2016 EUR 54.24
Goldman Sachs & Co Wertpapi 13.00 9/21/2016 EUR 51.59
Vontobel Financial Products 7.35 4/22/2016 EUR 72.31
Goldman Sachs & Co Wertpapi 17.00 9/21/2016 EUR 48.50
Goldman Sachs & Co Wertpapi 19.00 6/22/2016 EUR 61.68
UBS AG/London 5.50 5/23/2016 CHF 73.89
UBS AG/London 7.00 5/22/2017 CHF 53.54
UBS AG/London 10.50 5/23/2016 CHF 67.62
Vontobel Financial Products 7.40 6/24/2016 EUR 61.40
Vontobel Financial Products 6.60 5/27/2016 EUR 63.80
Vontobel Financial Products 7.15 3/29/2016 EUR 66.53
Zurcher Kantonalbank Financ 10.00 6/3/2016 CHF 63.28
EFG International Finance G 5.44 5/26/2016 CHF 72.33
DekaBank Deutsche Girozentr 3.15 6/20/2016 EUR 71.52
DekaBank Deutsche Girozentr 6.00 6/20/2016 EUR 54.54
DekaBank Deutsche Girozentr 4.10 6/20/2017 EUR 72.94
LBBW 2.50 12/22/2017 EUR 66.94
Credit Suisse AG/Nassau 7.25 12/5/2016 CHF 72.55
Notenstein La Roche Private 8.22 11/25/2016 EUR 56.61
DZ Bank AG Deutsche Zentral 5.00 6/24/2016 EUR 58.98
DZ Bank AG Deutsche Zentral 5.00 9/23/2016 EUR 57.25
DZ Bank AG Deutsche Zentral 10.00 5/27/2016 EUR 72.98
DZ Bank AG Deutsche Zentral 5.50 9/23/2016 EUR 73.32
Bank Julius Baer & Co Ltd/G 4.30 6/2/2016 CHF 58.95
Vontobel Financial Products 8.50 6/24/2016 EUR 50.68
Vontobel Financial Products 21.15 3/29/2016 EUR 49.52
Vontobel Financial Products 21.65 3/29/2016 EUR 53.90
Vontobel Financial Products 10.55 6/24/2016 EUR 72.05
Vontobel Financial Products 6.30 9/23/2016 EUR 49.52
Vontobel Financial Products 7.35 6/24/2016 EUR 48.15
Vontobel Financial Products 3.50 6/24/2016 EUR 51.90
Vontobel Financial Products 7.05 3/29/2016 EUR 52.23
Vontobel Financial Products 5.30 9/23/2016 EUR 71.59
Vontobel Financial Products 8.00 6/24/2016 EUR 70.28
Credit Suisse AG/London 5.00 6/3/2016 CHF 72.08
DZ Bank AG Deutsche Zentral 6.50 9/19/2016 EUR 48.76
DZ Bank AG Deutsche Zentral 5.50 6/20/2016 EUR 73.32
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 72.49
DZ Bank AG Deutsche Zentral 6.25 9/19/2016 EUR 73.96
DZ Bank AG Deutsche Zentral 7.25 9/19/2016 EUR 56.97
DZ Bank AG Deutsche Zentral 6.00 9/19/2016 EUR 56.52
DZ Bank AG Deutsche Zentral 8.25 6/20/2016 EUR 47.90
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 71.60
DZ Bank AG Deutsche Zentral 6.00 6/20/2016 EUR 71.37
DZ Bank AG Deutsche Zentral 7.00 9/19/2016 EUR 73.61
DZ Bank AG Deutsche Zentral 7.75 9/19/2016 EUR 73.76
DZ Bank AG Deutsche Zentral 7.50 9/19/2016 EUR 73.02
DZ Bank AG Deutsche Zentral 7.00 9/19/2016 EUR 72.78
DZ Bank AG Deutsche Zentral 6.00 9/19/2016 EUR 72.31
DZ Bank AG Deutsche Zentral 5.75 9/19/2016 EUR 72.69
DZ Bank AG Deutsche Zentral 9.00 6/20/2016 EUR 55.29
DZ Bank AG Deutsche Zentral 7.25 9/19/2016 EUR 56.63
DZ Bank AG Deutsche Zentral 8.75 6/20/2016 EUR 67.46
DZ Bank AG Deutsche Zentral 7.00 9/19/2016 EUR 72.35
DZ Bank AG Deutsche Zentral 7.50 9/19/2016 EUR 72.59
DZ Bank AG Deutsche Zentral 8.00 9/19/2016 EUR 49.16
DZ Bank AG Deutsche Zentral 7.25 9/19/2016 EUR 48.80
DZ Bank AG Deutsche Zentral 6.50 9/19/2016 EUR 48.45
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 58.21
DZ Bank AG Deutsche Zentral 5.00 9/19/2016 EUR 62.74
DZ Bank AG Deutsche Zentral 5.80 9/19/2016 EUR 61.14
DZ Bank AG Deutsche Zentral 6.50 9/19/2016 EUR 59.63
DZ Bank AG Deutsche Zentral 5.10 9/19/2016 EUR 64.18
DZ Bank AG Deutsche Zentral 6.10 9/19/2016 EUR 73.60
DZ Bank AG Deutsche Zentral 5.50 6/20/2016 EUR 53.75
DZ Bank AG Deutsche Zentral 6.70 9/19/2016 EUR 71.89
Credit Suisse AG/Nassau 7.55 11/28/2016 CHF 53.03
Bank J Safra Sarasin AG/Gue 5.00 5/26/2016 CHF 55.47
Vontobel Financial Products 3.95 5/27/2016 EUR 49.41
UBS AG/London 8.00 5/26/2017 EUR 60.73
UBS AG/London 6.50 5/30/2016 CHF 57.55
Deutsche Bank AG 4.20 8/24/2016 EUR 71.80
Deutsche Bank AG 4.20 8/24/2016 EUR 67.90
Deutsche Bank AG 4.20 7/20/2016 EUR 59.30
Deutsche Bank AG 4.20 8/24/2016 EUR 74.20
Deutsche Bank AG 4.20 7/20/2016 EUR 66.40
Deutsche Bank AG 4.20 8/24/2016 EUR 57.60
Deutsche Bank AG 4.20 7/20/2016 EUR 68.40
Deutsche Bank AG 4.20 8/24/2016 EUR 59.10
Deutsche Bank AG 4.20 7/20/2016 EUR 73.70
Deutsche Bank AG 4.20 7/20/2016 EUR 63.90
Deutsche Bank AG 4.20 8/24/2016 EUR 64.20
Deutsche Bank AG 4.20 8/24/2016 EUR 63.50
Deutsche Bank AG 4.20 8/24/2016 EUR 61.20
Deutsche Bank AG 4.20 8/24/2016 EUR 59.70
Deutsche Bank AG 4.20 8/24/2016 EUR 68.70
Deutsche Bank AG 4.20 8/24/2016 EUR 66.00
Deutsche Bank AG 4.20 8/24/2016 EUR 69.60
Deutsche Bank AG 4.20 8/24/2016 EUR 73.80
Deutsche Bank AG 4.20 7/20/2016 EUR 61.50
Deutsche Bank AG 4.20 8/24/2016 EUR 66.60
Deutsche Bank AG 4.20 8/24/2016 EUR 70.80
Deutsche Bank AG 4.20 8/24/2016 EUR 65.20
Deutsche Bank AG 4.20 8/24/2016 EUR 61.80
Deutsche Bank AG 4.20 8/24/2016 EUR 56.10
Deutsche Bank AG 4.20 7/20/2016 EUR 57.80
Deutsche Bank AG 4.20 7/20/2016 EUR 61.70
Deutsche Bank AG 4.20 8/24/2016 EUR 53.60
Deutsche Bank AG 4.20 8/24/2016 EUR 53.10
Deutsche Bank AG 4.20 7/20/2016 EUR 58.60
Deutsche Bank AG 4.20 8/24/2016 EUR 58.90
Deutsche Bank AG 4.20 8/24/2016 EUR 61.20
Deutsche Bank AG 4.20 8/24/2016 EUR 62.00
Deutsche Bank AG 4.20 7/20/2016 EUR 60.80
Deutsche Bank AG 4.20 8/24/2016 EUR 71.80
Vontobel Financial Products 8.40 6/24/2016 EUR 72.37
Deutsche Bank AG 4.20 8/24/2016 EUR 55.50
Deutsche Bank AG 4.20 7/20/2016 EUR 55.80
Deutsche Bank AG 4.20 8/24/2016 EUR 58.20
Deutsche Bank AG 5.20 8/24/2016 EUR 73.00
Deutsche Bank AG 5.20 7/20/2016 EUR 59.60
Deutsche Bank AG 6.20 7/20/2016 EUR 60.00
Deutsche Bank AG 5.20 7/20/2016 EUR 57.60
Deutsche Bank AG 5.20 8/24/2016 EUR 58.00
Deutsche Bank AG 5.20 7/20/2016 EUR 65.30
Deutsche Bank AG 6.20 7/20/2016 EUR 62.20
Deutsche Bank AG 6.20 8/24/2016 EUR 56.60
Deutsche Bank AG 5.20 8/24/2016 EUR 71.20
Deutsche Bank AG 5.20 7/20/2016 EUR 72.50
Deutsche Bank AG 5.20 8/24/2016 EUR 60.10
Deutsche Bank AG 6.20 8/24/2016 EUR 68.70
Deutsche Bank AG 5.20 8/24/2016 EUR 63.20
Deutsche Bank AG 5.20 7/20/2016 EUR 68.00
Deutsche Bank AG 5.20 7/20/2016 EUR 55.70
Deutsche Bank AG 6.20 8/24/2016 EUR 66.10
Deutsche Bank AG 6.20 8/24/2016 EUR 63.60
Deutsche Bank AG 5.20 8/24/2016 EUR 62.20
Deutsche Bank AG 6.20 8/24/2016 EUR 58.50
Deutsche Bank AG 5.20 8/24/2016 EUR 56.10
Deutsche Bank AG 6.20 8/24/2016 EUR 54.80
Deutsche Bank AG 5.20 7/20/2016 EUR 70.90
Deutsche Bank AG 6.20 8/24/2016 EUR 71.60
Deutsche Bank AG 6.20 8/24/2016 EUR 73.40
Deutsche Bank AG 6.20 8/24/2016 EUR 60.50
Deutsche Bank AG 5.20 7/20/2016 EUR 62.70
Deutsche Bank AG 5.20 8/24/2016 EUR 68.30
Deutsche Bank AG 5.20 8/24/2016 EUR 65.70
Deutsche Bank AG 5.20 7/20/2016 EUR 61.80
Deutsche Bank AG 6.20 8/24/2016 EUR 62.70
Deutsche Bank AG 5.20 8/24/2016 EUR 54.40
Deutsche Bank AG 5.20 7/20/2016 EUR 57.00
Deutsche Bank AG 5.20 7/20/2016 EUR 53.90
Deutsche Bank AG 5.20 7/20/2016 EUR 59.00
Deutsche Bank AG 5.20 7/20/2016 EUR 61.20
Credit Suisse AG/Nassau 7.50 12/5/2016 CHF 58.37
Deutsche Bank AG 5.20 8/24/2016 EUR 64.00
Deutsche Bank AG 6.20 8/24/2016 EUR 62.10
Deutsche Bank AG 6.20 8/24/2016 EUR 57.90
Deutsche Bank AG 5.20 7/20/2016 EUR 63.60
Deutsche Bank AG 6.20 8/24/2016 EUR 64.40
Deutsche Bank AG 5.20 8/24/2016 EUR 59.50
Deutsche Bank AG 6.20 8/24/2016 EUR 59.90
Deutsche Bank AG 5.20 8/24/2016 EUR 61.60
Deutsche Bank AG 5.20 8/24/2016 EUR 57.50
Deutsche Bank AG 5.20 7/20/2016 EUR 72.10
Deutsche Bank AG 6.20 8/24/2016 EUR 68.30
Deutsche Bank AG 5.20 7/20/2016 EUR 56.10
Deutsche Bank AG 6.20 7/20/2016 EUR 56.40
Deutsche Bank AG 5.20 7/20/2016 EUR 53.50
Deutsche Bank AG 6.20 8/24/2016 EUR 59.70
Deutsche Bank AG 5.20 8/24/2016 EUR 70.00
Deutsche Bank AG 5.20 8/24/2016 EUR 59.30
Deutsche Bank AG 6.20 8/24/2016 EUR 57.00
Deutsche Bank AG 5.20 7/20/2016 EUR 74.50
Deutsche Bank AG 5.20 7/20/2016 EUR 67.60
Deutsche Bank AG 5.20 8/24/2016 EUR 51.60
Deutsche Bank AG 6.20 8/24/2016 EUR 72.70
Deutsche Bank AG 5.20 8/24/2016 EUR 67.90
Deutsche Bank AG 6.20 7/20/2016 EUR 59.30
Deutsche Bank AG 5.20 7/20/2016 EUR 69.80
Deutsche Bank AG 5.20 8/24/2016 EUR 72.30
Deutsche Bank AG 5.20 7/20/2016 EUR 51.20
Deutsche Bank AG 5.20 8/24/2016 EUR 54.00
Deutsche Bank AG 5.20 7/20/2016 EUR 58.90
Deutsche Bank AG 5.20 8/24/2016 EUR 56.50
Deutsche Bank AG 6.20 8/24/2016 EUR 52.10
Deutsche Bank AG 6.20 8/24/2016 EUR 70.40
Deutsche Bank AG 6.20 8/24/2016 EUR 54.40
Deutsche Bank AG 5.20 8/24/2016 EUR 72.30
Deutsche Bank AG 6.20 8/24/2016 EUR 67.50
Deutsche Bank AG 5.20 8/24/2016 EUR 53.50
Deutsche Bank AG 5.20 8/24/2016 EUR 51.30
Deutsche Bank AG 5.20 5/25/2016 EUR 70.30
Deutsche Bank AG 6.20 5/25/2016 EUR 64.70
Deutsche Bank AG 5.20 7/20/2016 EUR 66.60
Deutsche Bank AG 6.20 7/20/2016 EUR 67.00
Deutsche Bank AG 6.20 8/24/2016 EUR 70.00
Deutsche Bank AG 5.20 7/20/2016 EUR 55.40
Deutsche Bank AG 5.20 7/20/2016 EUR 58.10
Deutsche Bank AG 5.20 7/20/2016 EUR 50.80
Deutsche Bank AG 6.20 8/24/2016 EUR 53.90
Deutsche Bank AG 6.20 5/25/2016 EUR 70.50
Deutsche Bank AG 5.20 8/24/2016 EUR 69.60
Deutsche Bank AG 5.20 8/24/2016 EUR 58.60
Deutsche Bank AG 6.20 8/24/2016 EUR 56.40
Deutsche Bank AG 6.20 8/24/2016 EUR 72.70
Deutsche Bank AG 5.20 8/24/2016 EUR 67.00
Deutsche Bank AG 6.20 7/20/2016 EUR 58.50
Deutsche Bank AG 6.20 8/24/2016 EUR 51.70
Deutsche Bank AG 5.20 5/25/2016 EUR 74.30
Deutsche Bank AG 6.20 5/25/2016 EUR 74.50
Deutsche Bank AG 6.20 5/25/2016 EUR 72.00
Deutsche Bank AG 5.20 5/25/2016 EUR 71.80
Deutsche Bank AG 6.20 5/25/2016 EUR 69.60
Deutsche Bank AG 5.20 5/25/2016 EUR 69.40
Deutsche Bank AG 6.20 5/25/2016 EUR 67.30
Deutsche Bank AG 5.20 5/25/2016 EUR 67.20
Deutsche Bank AG 5.20 5/25/2016 EUR 55.40
Deutsche Bank AG 6.20 5/25/2016 EUR 55.50
Deutsche Bank AG 5.20 5/25/2016 EUR 52.80
Deutsche Bank AG 6.20 5/25/2016 EUR 52.90
Deutsche Bank AG 6.20 5/25/2016 EUR 50.60
Deutsche Bank AG 5.20 5/25/2016 EUR 50.40
Deutsche Bank AG 6.20 5/25/2016 EUR 71.50
Deutsche Bank AG 5.20 5/25/2016 EUR 71.30
Deutsche Bank AG 6.20 5/25/2016 EUR 68.70
Deutsche Bank AG 5.20 5/25/2016 EUR 68.50
Deutsche Bank AG 4.20 5/25/2016 EUR 70.60
Deutsche Bank AG 4.20 5/25/2016 EUR 67.70
Deutsche Bank AG 4.20 5/25/2016 EUR 65.00
Deutsche Bank AG 4.20 5/25/2016 EUR 74.20
Deutsche Bank AG 5.20 5/25/2016 EUR 55.30
Deutsche Bank AG 6.20 5/25/2016 EUR 55.40
Deutsche Bank AG 5.20 5/25/2016 EUR 52.80
Deutsche Bank AG 6.20 5/25/2016 EUR 53.00
Deutsche Bank AG 5.20 5/25/2016 EUR 50.50
Deutsche Bank AG 6.20 5/25/2016 EUR 50.70
Deutsche Bank AG 4.20 5/25/2016 EUR 73.40
Deutsche Bank AG 4.20 5/25/2016 EUR 70.10
Deutsche Bank AG 4.20 5/25/2016 EUR 61.20
Deutsche Bank AG 4.20 5/25/2016 EUR 58.10
Deutsche Bank AG 4.20 5/25/2016 EUR 60.80
Deutsche Bank AG 4.20 5/25/2016 EUR 57.80
Deutsche Bank AG 8.20 5/25/2016 EUR 72.40
Deutsche Bank AG 8.20 5/25/2016 EUR 73.30
Deutsche Bank AG 8.20 5/25/2016 EUR 65.00
Deutsche Bank AG 8.20 5/25/2016 EUR 62.50
Deutsche Bank AG 8.20 5/25/2016 EUR 60.20
Deutsche Bank AG 8.20 5/25/2016 EUR 72.20
Deutsche Bank AG 8.20 5/25/2016 EUR 60.80
Deutsche Bank AG 8.20 5/25/2016 EUR 58.70
Deutsche Bank AG 8.20 5/25/2016 EUR 56.70
Deutsche Bank AG 8.20 5/25/2016 EUR 48.80
Deutsche Bank AG 8.20 5/25/2016 EUR 69.00
Deutsche Bank AG 8.20 5/25/2016 EUR 66.40
Deutsche Bank AG 8.20 5/25/2016 EUR 51.00
Deutsche Bank AG 8.20 5/25/2016 EUR 49.00
Deutsche Bank AG 8.20 4/20/2016 EUR 73.90
Deutsche Bank AG 8.20 5/25/2016 EUR 69.90
Deutsche Bank AG 8.20 5/25/2016 EUR 67.70
Deutsche Bank AG 8.20 5/25/2016 EUR 71.30
Deutsche Bank AG 8.20 5/25/2016 EUR 50.90
Deutsche Bank AG 8.20 4/20/2016 EUR 73.10
Deutsche Bank AG 8.20 4/20/2016 EUR 65.50
Deutsche Bank AG 8.20 4/20/2016 EUR 62.90
Deutsche Bank AG 8.20 4/20/2016 EUR 60.50
Deutsche Bank AG 8.20 4/20/2016 EUR 71.40
Deutsche Bank AG 8.20 4/20/2016 EUR 56.50
Deutsche Bank AG 8.20 4/20/2016 EUR 54.60
Deutsche Bank AG 8.20 4/20/2016 EUR 52.80
Deutsche Bank AG 8.20 4/20/2016 EUR 61.00
Deutsche Bank AG 8.20 4/20/2016 EUR 58.80
Deutsche Bank AG 8.20 4/20/2016 EUR 56.80
Deutsche Bank AG 8.20 4/20/2016 EUR 72.40
Deutsche Bank AG 8.20 4/20/2016 EUR 70.00
Deutsche Bank AG 8.20 4/20/2016 EUR 71.90
Deutsche Bank AG 8.20 4/20/2016 EUR 71.30
Deutsche Bank AG 8.20 4/20/2016 EUR 50.10
Deutsche Bank AG 8.20 4/20/2016 EUR 48.00
Deutsche Bank AG 8.20 4/20/2016 EUR 68.20
Deutsche Bank AG 8.20 4/20/2016 EUR 65.60
Deutsche Bank AG 8.20 4/20/2016 EUR 50.20
Deutsche Bank AG 8.20 4/20/2016 EUR 48.20
Deutsche Bank AG 5.20 4/20/2016 EUR 71.20
Deutsche Bank AG 6.20 4/20/2016 EUR 71.30
Deutsche Bank AG 6.20 4/20/2016 EUR 68.20
Deutsche Bank AG 5.20 4/20/2016 EUR 68.10
Deutsche Bank AG 5.20 4/20/2016 EUR 65.30
Deutsche Bank AG 6.20 4/20/2016 EUR 65.40
Deutsche Bank AG 6.20 4/20/2016 EUR 62.80
Deutsche Bank AG 5.20 4/20/2016 EUR 62.70
Deutsche Bank AG 6.20 4/20/2016 EUR 60.70
Deutsche Bank AG 5.20 4/20/2016 EUR 60.60
Deutsche Bank AG 5.20 4/20/2016 EUR 58.40
Deutsche Bank AG 6.20 4/20/2016 EUR 58.50
Deutsche Bank AG 5.20 4/20/2016 EUR 56.30
Deutsche Bank AG 6.20 4/20/2016 EUR 56.40
Deutsche Bank AG 5.20 4/20/2016 EUR 54.40
Deutsche Bank AG 6.20 4/20/2016 EUR 54.50
Deutsche Bank AG 6.20 4/20/2016 EUR 65.60
Deutsche Bank AG 5.20 4/20/2016 EUR 65.60
Deutsche Bank AG 5.20 4/20/2016 EUR 63.10
Deutsche Bank AG 6.20 4/20/2016 EUR 63.10
Deutsche Bank AG 6.20 4/20/2016 EUR 60.80
Deutsche Bank AG 5.20 4/20/2016 EUR 60.70
Deutsche Bank AG 6.20 4/20/2016 EUR 58.70
Deutsche Bank AG 5.20 4/20/2016 EUR 58.60
Deutsche Bank AG 5.20 4/20/2016 EUR 72.20
Deutsche Bank AG 6.20 4/20/2016 EUR 72.30
Deutsche Bank AG 6.20 4/20/2016 EUR 69.90
Deutsche Bank AG 5.20 4/20/2016 EUR 69.80
Deutsche Bank AG 5.20 4/20/2016 EUR 54.90
Deutsche Bank AG 6.20 4/20/2016 EUR 54.90
Deutsche Bank AG 5.20 4/20/2016 EUR 52.30
Deutsche Bank AG 6.20 4/20/2016 EUR 52.30
Deutsche Bank AG 6.20 4/20/2016 EUR 50.00
Deutsche Bank AG 5.20 4/20/2016 EUR 49.90
Deutsche Bank AG 6.20 4/20/2016 EUR 70.90
Deutsche Bank AG 5.20 4/20/2016 EUR 70.80
Deutsche Bank AG 5.20 4/20/2016 EUR 68.00
Deutsche Bank AG 6.20 4/20/2016 EUR 68.10
Deutsche Bank AG 5.20 4/20/2016 EUR 54.80
Deutsche Bank AG 6.20 4/20/2016 EUR 54.80
Deutsche Bank AG 5.20 4/20/2016 EUR 52.30
Deutsche Bank AG 6.20 4/20/2016 EUR 52.40
Deutsche Bank AG 6.20 4/20/2016 EUR 50.10
Deutsche Bank AG 5.20 4/20/2016 EUR 50.00
Deutsche Bank AG 5.20 5/25/2016 EUR 64.50
Deutsche Bank AG 5.20 5/25/2016 EUR 62.00
Deutsche Bank AG 6.20 5/25/2016 EUR 62.20
Deutsche Bank AG 5.20 7/20/2016 EUR 71.90
Deutsche Bank AG 5.20 7/20/2016 EUR 69.20
Deutsche Bank AG 5.20 7/20/2016 EUR 53.00
Deutsche Bank AG 6.20 8/24/2016 EUR 59.00
Deutsche Bank AG 5.20 8/24/2016 EUR 55.90
Deutsche Bank AG 6.20 5/25/2016 EUR 67.50
Deutsche Bank AG 5.20 5/25/2016 EUR 67.30
Deutsche Bank AG 5.20 5/25/2016 EUR 65.10
Deutsche Bank AG 6.20 5/25/2016 EUR 58.40
Deutsche Bank AG 5.20 5/25/2016 EUR 62.70
Deutsche Bank AG 6.20 5/25/2016 EUR 62.80
Deutsche Bank AG 6.20 5/25/2016 EUR 60.50
Deutsche Bank AG 5.20 5/25/2016 EUR 60.30
Deutsche Bank AG 5.20 5/25/2016 EUR 58.20
Deutsche Bank AG 6.20 5/25/2016 EUR 65.30
UBS AG 7.40 5/17/2021 CHF 63.62
DekaBank Deutsche Girozentr 9.65 8/22/2016 EUR 69.48
UBS AG 14.75 6/24/2016 EUR 70.79
UBS AG 7.50 6/24/2016 EUR 52.76
UBS AG 12.25 6/24/2016 EUR 64.99
UBS AG 11.00 6/24/2016 EUR 69.83
UBS AG 13.50 6/24/2016 EUR 58.03
UBS AG 12.25 6/24/2016 EUR 61.23
UBS AG 8.25 6/24/2016 EUR 54.97
UBS AG 13.25 6/24/2016 EUR 70.66
UBS AG 14.50 6/24/2016 EUR 65.57
UBS AG 9.75 6/24/2016 EUR 72.94
UBS AG 11.00 6/24/2016 EUR 73.26
UBS AG 7.25 6/24/2016 EUR 62.25
UBS AG 10.00 6/24/2016 EUR 44.16
UBS AG 13.75 6/24/2016 EUR 55.05
LBBW 2.80 12/23/2016 EUR 70.59
Leonteq Securities AG 9.92 5/29/2017 EUR 60.99
Notenstein La Roche Private 4.30 6/5/2019 CHF 63.60
Notenstein La Roche Private 8.20 12/5/2016 EUR 72.76
Notenstein La Roche Private 6.70 12/5/2016 CHF 60.48
Notenstein La Roche Private 5.00 12/5/2016 CHF 72.90
UBS AG/London 6.25 5/30/2016 CHF 50.08
UBS AG/London 5.00 5/30/2016 CHF 56.41
UBS AG/London 7.50 11/28/2016 EUR 51.96
UBS AG/London 7.50 5/30/2016 CHF 43.65
Credit Suisse AG/London 7.00 6/6/2016 CHF 58.07
Bank Julius Baer & Co Ltd/G 5.50 6/6/2016 EUR 69.85
Bank Julius Baer & Co Ltd/G 4.80 6/6/2016 EUR 72.40
Bank Julius Baer & Co Ltd/G 6.30 6/6/2016 USD 59.75
Bank Julius Baer & Co Ltd/G 7.60 6/3/2016 CHF 73.30
Leonteq Securities AG 10.00 9/8/2016 CHF 59.20
Leonteq Securities AG 13.00 9/8/2016 USD 48.89
Societe Generale SA 2.56 5/27/2016 CHF 71.50
Vontobel Financial Products 7.00 6/24/2016 EUR 56.07
Vontobel Financial Products 10.50 6/24/2016 EUR 56.07
WGZ-Bank AG Westdeutsche Ge 2.00 6/29/2016 EUR 66.35
WGZ-Bank AG Westdeutsche Ge 3.00 6/29/2016 EUR 63.07
WGZ-Bank AG Westdeutsche Ge 4.00 6/29/2016 EUR 60.15
WGZ-Bank AG Westdeutsche Ge 5.00 6/29/2016 EUR 57.53
WGZ-Bank AG Westdeutsche Ge 6.00 6/29/2016 EUR 56.46
WGZ-Bank AG Westdeutsche Ge 2.25 6/29/2016 EUR 64.39
WGZ-Bank AG Westdeutsche Ge 3.25 6/29/2016 EUR 61.16
WGZ-Bank AG Westdeutsche Ge 4.25 6/29/2016 EUR 58.26
WGZ-Bank AG Westdeutsche Ge 5.50 6/29/2016 EUR 55.73
WGZ-Bank AG Westdeutsche Ge 6.50 6/29/2016 EUR 54.68
DZ Bank AG Deutsche Zentral 5.25 6/24/2016 EUR 46.00
DZ Bank AG Deutsche Zentral 10.25 6/24/2016 EUR 58.47
DZ Bank AG Deutsche Zentral 7.25 6/24/2016 EUR 66.65
DZ Bank AG Deutsche Zentral 9.25 6/24/2016 EUR 60.45
Commerzbank AG 6.76 6/22/2017 EUR 60.75
Vontobel Financial Products 4.00 12/9/2016 EUR 73.67
Vontobel Financial Products 4.90 12/9/2016 EUR 71.49
Vontobel Financial Products 5.90 12/9/2016 EUR 69.51
Vontobel Financial Products 6.95 12/9/2016 EUR 67.72
Vontobel Financial Products 4.05 12/9/2016 EUR 65.09
Vontobel Financial Products 4.85 12/9/2016 EUR 63.39
Vontobel Financial Products 5.75 12/9/2016 EUR 61.90
Vontobel Financial Products 6.70 12/9/2016 EUR 60.57
Vontobel Financial Products 3.65 12/9/2016 EUR 66.50
Vontobel Financial Products 5.40 12/9/2016 EUR 63.12
Commerzbank AG 10.00 5/26/2016 EUR 67.22
Vontobel Financial Products 5.30 6/17/2016 EUR 63.17
Vontobel Financial Products 6.85 9/9/2016 EUR 72.92
Vontobel Financial Products 8.90 9/9/2016 EUR 69.62
Vontobel Financial Products 5.10 9/9/2016 EUR 62.58
Vontobel Financial Products 6.85 9/9/2016 EUR 59.60
Vontobel Financial Products 8.80 9/9/2016 EUR 57.14
Vontobel Financial Products 4.15 12/9/2016 EUR 59.68
Vontobel Financial Products 5.15 12/9/2016 EUR 57.69
Vontobel Financial Products 5.25 6/17/2016 EUR 61.88
Vontobel Financial Products 4.85 6/24/2016 EUR 72.98
Vontobel Financial Products 6.30 12/9/2016 EUR 56.01
Vontobel Financial Products 7.55 12/9/2016 EUR 54.61
Vontobel Financial Products 4.25 9/9/2016 EUR 58.92
Vontobel Financial Products 5.55 9/9/2016 EUR 56.70
Vontobel Financial Products 6.90 9/9/2016 EUR 54.75
Vontobel Financial Products 8.40 9/9/2016 EUR 53.09
Vontobel Financial Products 4.60 6/10/2016 EUR 50.79
Vontobel Financial Products 6.20 6/10/2016 EUR 48.52
Vontobel Financial Products 7.35 6/10/2016 EUR 47.16
Vontobel Financial Products 6.55 9/9/2016 EUR 48.68
Vontobel Financial Products 5.55 9/9/2016 EUR 49.81
Vontobel Financial Products 4.00 12/12/2016 EUR 59.55
Vontobel Financial Products 7.50 12/12/2016 EUR 54.69
Vontobel Financial Products 4.35 6/10/2016 EUR 51.93
Vontobel Financial Products 6.40 6/10/2016 EUR 49.89
Vontobel Financial Products 5.70 9/9/2016 EUR 51.21
Vontobel Financial Products 4.05 9/9/2016 EUR 52.89
Vontobel Financial Products 8.60 12/9/2016 EUR 73.16
Vontobel Financial Products 8.20 9/9/2016 EUR 73.74
Vontobel Financial Products 4.25 9/9/2016 EUR 51.79
Vontobel Financial Products 7.95 6/10/2016 EUR 73.52
Bank Julius Baer & Co Ltd/G 8.20 6/9/2016 CHF 58.45
Bank Julius Baer & Co Ltd/G 5.20 6/9/2016 CHF 72.30
DZ Bank AG Deutsche Zentral 5.00 6/24/2016 EUR 58.01
DZ Bank AG Deutsche Zentral 6.50 9/19/2016 EUR 68.05
DZ Bank AG Deutsche Zentral 8.25 6/20/2016 EUR 71.40
DZ Bank AG Deutsche Zentral 5.75 6/20/2016 EUR 47.08
DZ Bank AG Deutsche Zentral 5.75 9/19/2016 EUR 48.09
DZ Bank AG Deutsche Zentral 6.00 9/23/2016 EUR 67.85
DZ Bank AG Deutsche Zentral 6.25 3/29/2016 EUR 69.32
DZ Bank AG Deutsche Zentral 6.25 9/23/2016 EUR 48.40
DZ Bank AG Deutsche Zentral 6.00 9/23/2016 EUR 70.17
DZ Bank AG Deutsche Zentral 4.60 6/20/2016 EUR 64.24
DZ Bank AG Deutsche Zentral 4.60 9/19/2016 EUR 57.69
DZ Bank AG Deutsche Zentral 5.50 9/19/2016 EUR 55.85
Vontobel Financial Products 3.60 9/9/2016 EUR 51.83
Vontobel Financial Products 4.50 6/24/2016 EUR 51.65
Vontobel Financial Products 7.85 9/23/2016 EUR 66.96
Vontobel Financial Products 8.75 6/24/2016 EUR 65.43
Vontobel Financial Products 9.90 3/29/2016 EUR 68.21
Vontobel Financial Products 6.55 9/23/2016 EUR 62.60
Vontobel Financial Products 7.80 9/23/2016 EUR 69.39
Vontobel Financial Products 7.80 9/23/2016 EUR 59.68
Vontobel Financial Products 8.95 6/24/2016 EUR 58.07
Vontobel Financial Products 9.00 3/29/2016 EUR 61.57
Vontobel Financial Products 8.30 9/23/2016 EUR 53.36
Vontobel Financial Products 9.50 6/24/2016 EUR 51.58
Vontobel Financial Products 9.40 6/24/2016 EUR 68.29
Vontobel Financial Products 9.60 3/29/2016 EUR 70.88
Vontobel Financial Products 6.30 6/24/2016 EUR 73.48
Vontobel Financial Products 6.50 3/29/2016 EUR 72.52
Vontobel Financial Products 9.40 3/29/2016 EUR 50.63
Vontobel Financial Products 5.65 9/9/2016 EUR 69.68
BNP Paribas Emissions- und 3.25 11/24/2017 EUR 61.98
Vontobel Financial Products 8.20 6/24/2016 EUR 52.83
Vontobel Financial Products 8.20 3/29/2016 EUR 52.02
Vontobel Financial Products 8.60 9/23/2016 EUR 71.55
Vontobel Financial Products 9.70 6/24/2016 EUR 69.91
Vontobel Financial Products 11.15 3/29/2016 EUR 70.61
Vontobel Financial Products 7.15 9/23/2016 EUR 53.86
Landesbank Hessen-Thueringe 8.90 10/6/2020 EUR 52.60
Vontobel Financial Products 6.05 9/9/2016 EUR 51.85
Vontobel Financial Products 5.05 9/9/2016 EUR 51.41
Vontobel Financial Products 5.00 12/9/2016 EUR 73.93
Vontobel Financial Products 5.00 6/24/2016 EUR 64.83
Vontobel Financial Products 6.50 6/24/2016 EUR 55.74
Vontobel Financial Products 8.00 6/24/2016 EUR 72.36
Vontobel Financial Products 7.00 6/24/2016 EUR 56.07
DZ Bank AG Deutsche Zentral 7.25 9/19/2016 EUR 72.90
DZ Bank AG Deutsche Zentral 6.75 9/19/2016 EUR 57.93
LBBW 3.50 7/27/2018 EUR 64.68
LBBW 3.50 7/27/2018 EUR 60.44
LBBW 3.40 7/27/2018 EUR 60.11
Vontobel Financial Products 8.15 6/24/2016 EUR 51.64
DZ Bank AG Deutsche Zentral 10.10 6/22/2016 EUR 60.26
DZ Bank AG Deutsche Zentral 5.40 6/22/2016 EUR 62.42
DZ Bank AG Deutsche Zentral 6.10 6/22/2016 EUR 62.19
UBS AG 4.30 12/9/2016 EUR 73.13
UBS AG 3.30 12/9/2016 EUR 62.45
UBS AG 3.60 12/9/2016 EUR 60.62
UBS AG 3.70 6/10/2016 EUR 61.54
UniCredit Bank AG 5.44 7/1/2016 EUR 54.76
UniCredit Bank AG 4.30 6/23/2016 EUR 71.37
UniCredit Bank AG 4.20 6/23/2016 EUR 58.21
UniCredit Bank AG 4.50 6/23/2016 EUR 57.41
UniCredit Bank AG 4.00 6/23/2016 EUR 52.38
UniCredit Bank AG 4.25 6/23/2016 EUR 58.76
UniCredit Bank AG 4.35 6/23/2016 EUR 50.72
UniCredit Bank AG 4.05 6/23/2016 EUR 52.13
UniCredit Bank AG 4.40 6/23/2016 EUR 48.64
UniCredit Bank AG 4.45 6/23/2016 EUR 57.65
UniCredit Bank AG 4.50 6/23/2016 EUR 61.39
UniCredit Bank AG 4.50 6/23/2016 EUR 49.82
UniCredit Bank AG 4.40 6/23/2016 EUR 56.80
UniCredit Bank AG 4.25 6/23/2016 EUR 51.18
UniCredit Bank AG 4.20 6/23/2016 EUR 73.76
UniCredit Bank AG 4.25 6/23/2016 EUR 62.91
UniCredit Bank AG 5.50 6/23/2016 EUR 57.64
UniCredit Bank AG 4.25 6/23/2016 EUR 72.56
UniCredit Bank AG 4.00 6/23/2016 EUR 52.10
UniCredit Bank AG 5.00 6/23/2016 EUR 73.37
UniCredit Bank AG 4.40 6/23/2016 EUR 57.94
UniCredit Bank AG 4.15 6/23/2016 EUR 59.30
UniCredit Bank AG 4.00 6/23/2016 EUR 60.16
UniCredit Bank AG 6.25 6/23/2016 EUR 71.99
UniCredit Bank AG 4.60 6/23/2016 EUR 47.85
UniCredit Bank AG 4.80 6/23/2016 EUR 54.19
DZ Bank AG Deutsche Zentral 8.75 6/22/2016 EUR 72.17
UBS AG/London 9.50 6/3/2016 CHF 62.27
LBBW 4.00 6/23/2017 EUR 72.36
LBBW 5.50 6/23/2017 EUR 63.00
LBBW 5.00 6/23/2017 EUR 58.53
Societe Generale SA 5.10 9/5/2017 EUR 62.00
Leonteq Securities AG 5.00 1/26/2017 CHF 69.19
Zurcher Kantonalbank Financ 8.65 8/4/2016 CHF 70.74
Leonteq Securities AG 6.00 1/30/2017 CHF 64.00
UniCredit Bank AG 3.75 9/7/2020 EUR 69.68
DekaBank Deutsche Girozentr 2.75 7/17/2019 EUR 70.74
Vontobel Financial Products 6.20 2/4/2019 EUR 71.82
BNP Paribas Emissions- und 6.00 6/23/2016 EUR 70.37
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 62.74
BNP Paribas Emissions- und 9.50 6/23/2016 EUR 74.72
BNP Paribas Emissions- und 6.50 6/23/2016 EUR 58.82
BNP Paribas Emissions- und 8.50 6/23/2016 EUR 53.84
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 51.84
BNP Paribas Emissions- und 11.00 6/23/2016 EUR 49.92
BNP Paribas Emissions- und 14.00 6/23/2016 EUR 46.82
BNP Paribas Emissions- und 5.50 12/22/2016 EUR 60.69
BNP Paribas Emissions- und 7.50 12/22/2016 EUR 57.04
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 52.60
BNP Paribas Emissions- und 3.00 6/23/2016 EUR 56.95
BNP Paribas Emissions- und 4.00 6/23/2016 EUR 55.41
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 53.97
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 51.90
BNP Paribas Emissions- und 6.00 6/23/2016 EUR 50.68
BNP Paribas Emissions- und 7.00 6/23/2016 EUR 49.55
BNP Paribas Emissions- und 8.00 6/23/2016 EUR 48.90
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 48.29
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 47.32
BNP Paribas Emissions- und 6.50 6/23/2016 EUR 58.60
BNP Paribas Emissions- und 8.00 6/23/2016 EUR 56.68
BNP Paribas Emissions- und 12.00 6/23/2016 EUR 73.58
BNP Paribas Emissions- und 7.50 6/23/2016 EUR 63.88
BNP Paribas Emissions- und 9.50 6/23/2016 EUR 61.16
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 59.80
BNP Paribas Emissions- und 4.00 12/22/2016 EUR 72.91
BNP Paribas Emissions- und 5.00 12/22/2016 EUR 69.97
BNP Paribas Emissions- und 6.00 12/22/2016 EUR 67.27
BNP Paribas Emissions- und 7.00 12/22/2016 EUR 64.85
BNP Paribas Emissions- und 7.50 12/22/2016 EUR 63.73
BNP Paribas Emissions- und 4.00 6/23/2016 EUR 72.67
Societe Generale Effekten G 7.81 7/1/2016 EUR 56.50
Societe Generale Effekten G 9.86 7/1/2016 EUR 54.01
Societe Generale Effekten G 10.64 7/1/2016 EUR 33.75
Societe Generale Effekten G 12.56 7/1/2016 EUR 32.40
Societe Generale Effekten G 4.75 7/1/2016 EUR 69.99
Societe Generale Effekten G 6.46 7/1/2016 EUR 66.51
Societe Generale Effekten G 5.32 7/1/2016 EUR 71.60
Societe Generale Effekten G 7.10 7/1/2016 EUR 68.03
Societe Generale Effekten G 11.85 7/1/2016 EUR 69.99
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 74.75
Societe Generale Effekten G 7.10 7/1/2016 EUR 65.51
Societe Generale Effekten G 8.94 7/1/2016 EUR 63.20
Societe Generale Effekten G 8.09 7/1/2016 EUR 69.87
Societe Generale Effekten G 6.39 7/1/2016 EUR 70.03
Societe Generale Effekten G 8.30 7/1/2016 EUR 66.47
Societe Generale Effekten G 5.32 7/1/2016 EUR 50.87
Societe Generale Effekten G 7.24 7/1/2016 EUR 48.02
Societe Generale Effekten G 5.25 7/1/2016 EUR 70.42
BNP Paribas Emissions- und 7.50 6/23/2016 EUR 69.79
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 67.37
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 65.03
BNP Paribas Emissions- und 6.50 12/22/2016 EUR 71.52
BNP Paribas Emissions- und 8.00 12/22/2016 EUR 67.93
BNP Paribas Emissions- und 9.00 12/22/2016 EUR 66.46
BNP Paribas Emissions- und 5.00 6/23/2016 EUR 67.85
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 73.06
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 70.85
BNP Paribas Emissions- und 12.00 6/23/2016 EUR 69.00
BNP Paribas Emissions- und 6.50 6/23/2016 EUR 68.82
BNP Paribas Emissions- und 8.50 6/23/2016 EUR 64.02
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 62.01
BNP Paribas Emissions- und 11.00 6/23/2016 EUR 60.05
BNP Paribas Emissions- und 12.00 6/23/2016 EUR 58.24
BNP Paribas Emissions- und 5.00 12/22/2016 EUR 72.55
BNP Paribas Emissions- und 5.50 12/22/2016 EUR 70.34
BNP Paribas Emissions- und 7.50 12/22/2016 EUR 67.02
BNP Paribas Emissions- und 8.00 12/22/2016 EUR 65.18
BNP Paribas Emissions- und 10.00 12/22/2016 EUR 62.61
BNP Paribas Emissions- und 13.00 6/23/2016 EUR 68.24
BNP Paribas Emissions- und 9.00 6/23/2016 EUR 72.14
BNP Paribas Emissions- und 10.00 6/23/2016 EUR 70.86
BNP Paribas Emissions- und 12.00 6/23/2016 EUR 67.71
Goldman Sachs & Co Wertpapi 6.00 6/22/2016 EUR 48.59
Goldman Sachs & Co Wertpapi 17.00 6/22/2016 EUR 70.93
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 51.75
Deutsche Bank AG 5.20 6/21/2016 EUR 69.20
Deutsche Bank AG 6.20 6/21/2016 EUR 66.70
Deutsche Bank AG 6.20 6/21/2016 EUR 64.10
Deutsche Bank AG 6.20 6/21/2016 EUR 70.80
Deutsche Bank AG 5.20 6/21/2016 EUR 70.60
Deutsche Bank AG 6.20 6/21/2016 EUR 69.40
Deutsche Bank AG 4.20 6/21/2016 EUR 61.20
Deutsche Bank AG 4.20 6/21/2016 EUR 63.60
Deutsche Bank AG 4.20 6/21/2016 EUR 70.30
Deutsche Bank AG 6.20 6/21/2016 EUR 66.00
Deutsche Bank AG 5.20 6/21/2016 EUR 60.80
Deutsche Bank AG 4.20 6/21/2016 EUR 60.60
Deutsche Bank AG 5.20 6/21/2016 EUR 65.70
Deutsche Bank AG 6.20 6/21/2016 EUR 61.10
Deutsche Bank AG 4.20 6/21/2016 EUR 65.50
Notenstein La Roche Private 8.00 2/6/2017 EUR 63.33
Deutsche Bank AG 5.20 6/21/2016 EUR 53.10
Deutsche Bank AG 6.20 6/21/2016 EUR 53.40
Deutsche Bank AG 4.20 6/21/2016 EUR 52.90
Deutsche Bank AG 6.20 6/21/2016 EUR 51.00
Deutsche Bank AG 4.20 6/21/2016 EUR 50.50
Deutsche Bank AG 5.20 6/21/2016 EUR 50.80
Deutsche Bank AG 4.20 6/21/2016 EUR 48.40
Deutsche Bank AG 5.20 6/21/2016 EUR 48.60
Deutsche Bank AG 6.20 6/21/2016 EUR 48.90
Deutsche Bank AG 4.20 6/21/2016 EUR 64.50
Deutsche Bank AG 4.20 6/21/2016 EUR 61.20
Deutsche Bank AG 6.20 6/21/2016 EUR 61.60
Deutsche Bank AG 5.20 6/21/2016 EUR 61.40
Landesbank Hessen-Thueringe 4.25 5/27/2016 EUR 57.70
DZ Bank AG Deutsche Zentral 8.25 3/29/2016 EUR 61.63
DZ Bank AG Deutsche Zentral 8.00 6/24/2016 EUR 59.75
DZ Bank AG Deutsche Zentral 8.75 6/24/2016 EUR 69.04
DZ Bank AG Deutsche Zentral 5.25 6/24/2016 EUR 74.30
DZ Bank AG Deutsche Zentral 8.25 3/29/2016 EUR 45.02
DZ Bank AG Deutsche Zentral 9.00 6/24/2016 EUR 47.72
DZ Bank AG Deutsche Zentral 8.25 6/24/2016 EUR 72.31
DZ Bank AG Deutsche Zentral 5.50 6/24/2016 EUR 58.53
DZ Bank AG Deutsche Zentral 5.75 6/24/2016 EUR 58.58
BNP Paribas Emissions- und 3.00 7/21/2016 EUR 61.65
BNP Paribas Emissions- und 4.50 7/21/2016 EUR 58.40
BNP Paribas Emissions- und 6.50 7/21/2016 EUR 54.69
Vontobel Financial Products 5.00 8/26/2016 EUR 57.12
Vontobel Financial Products 5.35 6/10/2016 EUR 72.11
Vontobel Financial Products 9.95 6/10/2016 EUR 71.07
Vontobel Financial Products 3.10 4/8/2016 EUR 67.45
Vontobel Financial Products 3.70 4/8/2016 EUR 65.53
Vontobel Financial Products 6.15 6/10/2016 EUR 61.54
Vontobel Financial Products 6.85 6/10/2016 EUR 60.11
Vontobel Financial Products 7.60 6/10/2016 EUR 58.81
Vontobel Financial Products 6.65 6/10/2016 EUR 53.04
Vontobel Financial Products 9.05 6/10/2016 EUR 49.02
Leonteq Securities AG 6.00 2/20/2017 CHF 50.62
Goldman Sachs & Co Wertpapi 9.00 6/22/2016 EUR 59.38
Vontobel Financial Products 6.00 6/10/2016 EUR 56.93
Goldman Sachs & Co Wertpapi 16.00 6/22/2016 EUR 68.10
Goldman Sachs & Co Wertpapi 17.00 6/22/2016 EUR 70.09
Goldman Sachs & Co Wertpapi 17.00 6/22/2016 EUR 64.17
Goldman Sachs & Co Wertpapi 17.00 6/22/2016 EUR 50.09
Notenstein La Roche Private 5.80 2/13/2019 CHF 70.83
Notenstein La Roche Private 7.60 2/13/2017 CHF 70.31
Notenstein La Roche Private 5.60 2/13/2019 CHF 66.94
Notenstein La Roche Private 6.50 2/13/2017 CHF 68.00
UniCredit Bank AG 4.00 6/24/2016 EUR 46.16
UniCredit Bank AG 4.00 6/24/2016 EUR 69.30
UniCredit Bank AG 4.00 6/24/2016 EUR 59.92
UniCredit Bank AG 4.00 6/24/2016 EUR 72.17
Banque Cantonale Vaudoise 6.40 8/5/2016 CHF 68.49
Vontobel Financial Products 6.50 3/29/2016 EUR 73.35
Vontobel Financial Products 7.55 7/22/2016 EUR 58.74
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 72.76
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 72.76
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 72.76
Goldman Sachs & Co Wertpapi 13.00 6/22/2016 EUR 65.74
Goldman Sachs & Co Wertpapi 16.00 6/22/2016 EUR 63.43
Notenstein La Roche Private 8.00 8/23/2016 EUR 73.26
DekaBank Deutsche Girozentr 2.75 2/2/2018 EUR 62.16
Landesbank Hessen-Thueringe 3.60 6/13/2016 EUR 58.80
Vontobel Financial Products 7.30 3/29/2016 EUR 68.94
Vontobel Financial Products 9.90 3/29/2016 EUR 63.83
Vontobel Financial Products 6.00 3/29/2016 EUR 58.17
Zurcher Kantonalbank Financ 18.00 8/25/2016 CHF 59.39
Zurcher Kantonalbank Financ 11.00 8/25/2016 EUR 57.46
Leonteq Securities AG 10.40 8/26/2016 CHF 60.35
Leonteq Securities AG 11.60 8/26/2016 CHF 71.22
DZ Bank AG Deutsche Zentral 6.75 3/29/2016 EUR 58.00
DZ Bank AG Deutsche Zentral 6.50 6/24/2016 EUR 56.01
DZ Bank AG Deutsche Zentral 7.00 6/24/2016 EUR 58.88
DZ Bank AG Deutsche Zentral 8.00 6/24/2016 EUR 64.76
DZ Bank AG Deutsche Zentral 5.75 3/29/2016 EUR 47.10
DZ Bank AG Deutsche Zentral 8.00 6/24/2016 EUR 62.39
Vontobel Financial Products 7.50 3/29/2016 EUR 44.10
Vontobel Financial Products 6.75 3/29/2016 EUR 51.50
Vontobel Financial Products 6.50 3/29/2016 EUR 72.42
Vontobel Financial Products 5.50 3/29/2016 EUR 51.75
Leonteq Securities AG 7.20 3/6/2017 CHF 62.75
Leonteq Securities AG 7.80 2/27/2017 EUR 56.46
Notenstein La Roche Private 5.00 2/27/2019 CHF 59.78
Notenstein La Roche Private 6.00 2/27/2017 CHF 64.88
Notenstein La Roche Private 5.70 2/27/2019 CHF 58.86
Landesbank Hessen-Thueringe 4.70 6/20/2016 EUR 66.70
Credit Suisse AG/London 5.11 8/15/2016 CHF 66.29
HSBC Trinkaus & Burkhardt A 8.90 6/24/2016 EUR 62.53
HSBC Trinkaus & Burkhardt A 6.70 6/24/2016 EUR 67.04
HSBC Trinkaus & Burkhardt A 9.50 6/24/2016 EUR 62.24
HSBC Trinkaus & Burkhardt A 6.00 6/24/2016 EUR 68.65
HSBC Trinkaus & Burkhardt A 10.20 6/24/2016 EUR 49.63
HSBC Trinkaus & Burkhardt A 6.40 6/24/2016 EUR 55.81
HSBC Trinkaus & Burkhardt A 7.40 6/24/2016 EUR 58.77
HSBC Trinkaus & Burkhardt A 9.50 6/24/2016 EUR 71.75
HSBC Trinkaus & Burkhardt A 8.80 6/24/2016 EUR 73.24
Vontobel Financial Products 8.50 6/24/2016 EUR 57.96
Vontobel Financial Products 5.40 6/24/2016 EUR 63.92
Vontobel Financial Products 2.95 6/24/2016 EUR 71.64
Vontobel Financial Products 8.70 3/29/2016 EUR 61.58
Vontobel Financial Products 5.20 3/29/2016 EUR 68.87
Vontobel Financial Products 11.85 3/29/2016 EUR 68.25
Zurcher Kantonalbank Financ 9.00 8/23/2016 EUR 57.31
DekaBank Deutsche Girozentr 2.40 2/17/2017 EUR 58.67
Vontobel Financial Products 7.50 3/29/2016 EUR 70.11
Vontobel Financial Products 11.50 3/29/2016 EUR 58.15
Vontobel Financial Products 5.00 3/29/2016 EUR 57.92
Vontobel Financial Products 5.10 6/24/2016 EUR 73.57
Vontobel Financial Products 8.10 3/29/2016 EUR 70.38
Vontobel Financial Products 7.00 3/29/2016 EUR 58.56
Landesbank Hessen-Thueringe 5.00 3/27/2019 EUR 53.31
Credit Suisse AG/Nassau 7.00 9/5/2016 EUR 53.18
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 59.00
DZ Bank AG Deutsche Zentral 6.25 6/20/2016 EUR 58.83
DZ Bank AG Deutsche Zentral 8.50 6/20/2016 EUR 71.46
DZ Bank AG Deutsche Zentral 7.00 6/20/2016 EUR 71.12
DZ Bank AG Deutsche Zentral 8.00 6/20/2016 EUR 71.34
DZ Bank AG Deutsche Zentral 7.25 6/20/2016 EUR 56.46
DZ Bank AG Deutsche Zentral 6.50 6/20/2016 EUR 56.29
DZ Bank AG Deutsche Zentral 6.50 6/20/2016 EUR 47.06
DZ Bank AG Deutsche Zentral 7.50 6/20/2016 EUR 47.29
DZ Bank AG Deutsche Zentral 6.00 6/20/2016 EUR 58.58
DZ Bank AG Deutsche Zentral 5.50 6/20/2016 EUR 58.47
DZ Bank AG Deutsche Zentral 5.40 6/20/2016 EUR 66.63
DZ Bank AG Deutsche Zentral 5.60 6/20/2016 EUR 63.53
DZ Bank AG Deutsche Zentral 6.50 6/20/2016 EUR 61.70
DZ Bank AG Deutsche Zentral 7.20 6/20/2016 EUR 59.98
DZ Bank AG Deutsche Zentral 6.30 6/20/2016 EUR 64.68
DZ Bank AG Deutsche Zentral 6.80 6/20/2016 EUR 63.48
DZ Bank AG Deutsche Zentral 6.90 6/20/2016 EUR 53.14
DZ Bank AG Deutsche Zentral 8.60 6/20/2016 EUR 50.70
DZ Bank AG Deutsche Zentral 3.90 6/20/2016 EUR 62.58
DZ Bank AG Deutsche Zentral 4.90 6/20/2016 EUR 60.51
DZ Bank AG Deutsche Zentral 5.90 6/20/2016 EUR 58.44
Vontobel Financial Products 8.00 3/29/2016 EUR 73.68
Credit Suisse AG/Nassau 7.25 9/6/2016 CHF 69.32
HSBC Trinkaus & Burkhardt A 9.30 6/24/2016 EUR 58.15
HSBC Trinkaus & Burkhardt A 6.20 6/24/2016 EUR 64.07
HSBC Trinkaus & Burkhardt A 6.00 6/24/2016 EUR 66.36
HSBC Trinkaus & Burkhardt A 7.00 6/24/2016 EUR 53.48
HSBC Trinkaus & Burkhardt A 10.20 6/24/2016 EUR 68.93
Notenstein La Roche Private 9.00 9/2/2016 CHF 37.58
Notenstein La Roche Private 7.50 9/2/2016 EUR 53.29
Notenstein La Roche Private 6.80 3/6/2017 CHF 73.31
Notenstein La Roche Private 5.50 3/6/2017 CHF 71.32
WGZ-Bank AG Westdeutsche Ge 3.50 7/13/2016 EUR 61.49
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 72.53
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 72.05
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 72.53
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 56.22
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 56.22
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 56.45
Goldman Sachs & Co Wertpapi 11.00 6/22/2016 EUR 56.45
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 53.94
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 53.94
UniCredit Bank AG 3.75 10/2/2020 EUR 67.25
Goldman Sachs & Co Wertpapi 18.00 6/22/2016 EUR 68.03
Goldman Sachs & Co Wertpapi 14.00 6/22/2016 EUR 67.64
Goldman Sachs & Co Wertpapi 8.00 6/22/2016 EUR 71.74
Goldman Sachs & Co Wertpapi 10.00 6/22/2016 EUR 68.52
Goldman Sachs & Co Wertpapi 9.00 6/22/2016 EUR 54.51
Vontobel Financial Products 4.50 5/27/2016 EUR 72.30
Vontobel Financial Products 7.00 5/27/2016 EUR 50.59
Landesbank Hessen-Thueringe 4.00 6/8/2016 EUR 64.20
LBBW 3.15 11/25/2016 EUR 69.67
Deutsche Bank AG 5.14 4/26/2016 EUR 59.40
DZ Bank AG Deutsche Zentral 8.00 6/20/2016 EUR 71.34
DZ Bank AG Deutsche Zentral 10.25 6/20/2016 EUR 48.09
DZ Bank AG Deutsche Zentral 4.80 6/20/2016 EUR 62.65
DZ Bank AG Deutsche Zentral 6.90 6/20/2016 EUR 55.20
Credit Suisse AG/Nassau 7.25 11/11/2016 CHF 72.94
Commerzbank AG 8.50 4/21/2016 EUR 72.72
Commerzbank AG 8.50 4/21/2016 EUR 73.87
Commerzbank AG 9.50 4/21/2016 EUR 72.10
Commerzbank AG 3.25 4/21/2016 EUR 67.28
Commerzbank AG 4.00 4/21/2016 EUR 65.40
Commerzbank AG 5.00 4/21/2016 EUR 63.70
Commerzbank AG 9.25 4/21/2016 EUR 72.94
Commerzbank AG 3.25 4/21/2016 EUR 60.61
Commerzbank AG 4.00 4/21/2016 EUR 58.90
Commerzbank AG 4.75 4/21/2016 EUR 57.26
Commerzbank AG 5.75 4/21/2016 EUR 55.74
Commerzbank AG 6.50 4/21/2016 EUR 54.30
Commerzbank AG 7.50 4/21/2016 EUR 52.95
Commerzbank AG 8.50 4/21/2016 EUR 51.66
Commerzbank AG 9.75 4/21/2016 EUR 50.47
Commerzbank AG 5.75 4/21/2016 EUR 62.02
Commerzbank AG 6.75 4/21/2016 EUR 60.45
Commerzbank AG 8.00 4/21/2016 EUR 58.97
Commerzbank AG 9.00 4/21/2016 EUR 57.58
Commerzbank AG 6.00 4/21/2016 EUR 73.65
Commerzbank AG 7.00 4/21/2016 EUR 71.74
Commerzbank AG 8.00 4/21/2016 EUR 69.93
Commerzbank AG 9.25 4/21/2016 EUR 68.23
Commerzbank AG 10.25 4/21/2016 EUR 66.63
Commerzbank AG 4.50 4/21/2016 EUR 73.05
Commerzbank AG 5.50 4/21/2016 EUR 71.25
Commerzbank AG 6.75 4/21/2016 EUR 69.56
Commerzbank AG 6.00 4/21/2016 EUR 72.11
Commerzbank AG 7.00 4/21/2016 EUR 70.37
Commerzbank AG 3.50 4/21/2016 EUR 54.69
Commerzbank AG 4.25 4/21/2016 EUR 53.15
Commerzbank AG 5.00 4/21/2016 EUR 51.67
Commerzbank AG 6.00 4/21/2016 EUR 50.32
Commerzbank AG 7.00 4/21/2016 EUR 49.03
Commerzbank AG 8.00 4/21/2016 EUR 47.82
Commerzbank AG 9.00 4/21/2016 EUR 46.66
Commerzbank AG 10.25 4/21/2016 EUR 45.60
Commerzbank AG 7.75 4/21/2016 EUR 73.09
Commerzbank AG 8.75 4/21/2016 EUR 71.28
Commerzbank AG 9.75 4/21/2016 EUR 69.59
Commerzbank AG 4.00 4/21/2016 EUR 60.55
Commerzbank AG 5.00 4/21/2016 EUR 58.94
Commerzbank AG 5.75 4/21/2016 EUR 57.40
Commerzbank AG 6.75 4/21/2016 EUR 55.97
Commerzbank AG 7.75 4/21/2016 EUR 54.61
Commerzbank AG 9.00 4/21/2016 EUR 53.34
HSBC Trinkaus & Burkhardt A 10.00 7/1/2016 EUR 51.80
Leonteq Securities AG 6.00 5/4/2017 CHF 73.62
Zurcher Kantonalbank Financ 8.15 5/6/2016 CHF 69.33
Leonteq Securities AG 7.00 5/18/2016 CHF 71.80
Vontobel Financial Products 8.60 3/29/2016 EUR 68.18
Vontobel Financial Products 9.25 6/24/2016 EUR 57.60
Vontobel Financial Products 9.25 6/24/2016 EUR 57.60
Vontobel Financial Products 6.05 5/27/2016 EUR 56.65
Vontobel Financial Products 8.05 6/24/2016 EUR 54.13
Vontobel Financial Products 8.15 3/29/2016 EUR 57.45
Vontobel Financial Products 7.90 6/24/2016 EUR 65.23
Vontobel Financial Products 9.15 3/29/2016 EUR 61.82
Vontobel Financial Products 9.50 3/29/2016 EUR 70.88
Vontobel Financial Products 6.65 3/29/2016 EUR 70.47
Vontobel Financial Products 8.55 6/24/2016 EUR 68.09
Vontobel Financial Products 6.40 6/24/2016 EUR 71.50
Vontobel Financial Products 5.85 3/29/2016 EUR 74.04
*********
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 2016. 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 * * *