/raid1/www/Hosts/bankrupt/TCREUR_Public/170508.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 8, 2017, Vol. 18, No. 90
Headlines
C R O A T I A
AGROKOR DD: June 9 Submission Deadline Set for Creditors' Claims
F R A N C E
SMCP GROUP: Moody's Raises Corporate Family Rating to B1
G E R M A N Y
KION GROUP: Moody's Withdraws Ba1 Corporate Family Rating
G R E E C E
GREECE: Germany Says No Debt Relief Measures Being Readied
I R E L A N D
WEATHERFORD INTERNATIONAL: Reports $448 Million Net Loss for Q1
I T A L Y
ALITALIA SPA: Had Debts of EUR3 Billion as of February 28
R U S S I A
* RUSSIA: Amends Bankruptcy Statutes to Avert Bank Insolvencies
S P A I N
BANCO POPULAR: Posts Loss of EUR137 Mil. in First Quarter 2017
BANCO POPULAR VII: Moody's Affirms Caa2 Rating on Class B Notes
BANCO SABADELL: Moody's Assigns (P)B2(hyb) Rating to Tier 1 Debt
U N I T E D K I N G D O M
MOUNTWEST PETROLEUM: Bought Out of Administration
RESIDENTIAL MORTGAGE 29: Moody's Rates Class F1 Notes Caa2
STORE TWENTY ONE: Files Notice to Appoint Administrators
X X X X X X X X
* BOND PRICING: For the Week May 1 to May 5, 2017
*********
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C R O A T I A
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AGROKOR DD: June 9 Submission Deadline Set for Creditors' Claims
----------------------------------------------------------------
Jasmina Kuzmanovic at Bloomberg News reports that Agrokor's
creditors have until June 9 to submit claims.
Agrokor said in an e-mail the company published procedure for
claim submission on its website, Bloomberg relates.
According to Bloomberg, Agrokor's government-appointed
commissioner Ramljak has said the extent of Agrokor's debt will
be known on June 10.
Zagreb-based Agrokor is the biggest food producer and retailer in
the Balkans, employing almost 60,000 people across the region
with annual revenue of some HRK50 billion (US$7 billion).
* * *
The Troubled Company Reporter-Europe reported on April 10, 2017,
that S&P Global Ratings said it lowered its long- and short-term
corporate credit ratings on Croatian retailer Agrokor d.d. to
'CC/C' from 'B-/B'. The outlook is negative. At the same time,
S&P lowered the issue rating on the senior unsecured notes to
'CC' from 'B-'.
On April 2, 2017, a spokesperson for the Agrokor group said that
the company reached an agreement with its bank creditors to
freeze debt payments. The creditor group includes Sberbank, VTB,
and Erste Bank, which together account for most of the EUR2.5
billion loan debt for the Agrokor group, as of Sept. 30, 2016.
The TCR-Europe on March 31, 2017, reported that Moody's Investors
Service downgraded the Croatian retailer and food manufacturer
Agrokor D.D.'s corporate family rating (CFR) to Caa1 from B3 and
its probability of default rating (PDR) to Caa1-PD from B3-PD.
Moody's has also downgraded the senior unsecured rating assigned
to the notes issued by Agrokor and due in 2019 and 2020 to Caa1
from B3. The outlook on the company's ratings remains negative.
"Our downgrade of Agrokor's rating reflects Moody's views that
the company is no longer able to sustain its high level of trade
payables, which may constrain its liquidity position," says
Vincent Gusdorf, a Vice President -- Senior Analyst at Moody's.
"This comes at a time when the company has limited means to raise
additional sources of liquidity owing to its restricted access to
credit markets and its reliance on a limited number of banks."
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F R A N C E
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SMCP GROUP: Moody's Raises Corporate Family Rating to B1
--------------------------------------------------------
Moody's Investors Service has upgraded French apparel retailer
SMCP Group's corporate family rating (CFR) to B1 from B2, and
probability of default rating (PDR) to B1-PD from B2-PD.
Concurrently, Moody's has also upgraded to B1 from B2 the EUR471
million worth of senior secured notes (EUR100 million floating
rates notes due 2022 and EUR371 million fixed rates notes due
2023). The outlook on the ratings has been changed to stable from
positive.
"The upgrade reflects SMCP's continued robust organic growth and
profitability which have translated into stronger leverage and
coverage metrics", says Guillaume Leglise, a Moody's analyst for
SMCP. "We expect SMCP will maintain a solid earnings momentum and
a positive free cash flow generation in the next 12 to 18 months,
supported by the company's successful brands recognition and
strategy to open new stores abroad, notably in Asia", adds Mr
Leglise.
RATINGS RATIONALE
SMCP's B1 CFR reflects the (1) good brand recognition of SMCP
brands; (2) solid sales growth recorded in recent years,
underpinned by positive like-for-like (LFL) sales data in all
geographies and under all brands; and (3) solid profitability,
which has increased significantly in 2015-16 despite a
challenging market environment in France, its home market which
accounts for 46% of net sales.
Thanks to its solid operating performance, SMCP has reduced its
leverage since the bond refinancing completed in May 2016.
Moody's estimates SMCP's gross leverage (defined as Moody's-
adjusted debt to EBITDA) stood at around 4.1x as at end-December
2016, compared to 4.9x in FY2015 (proforma for the May-2016 bond
refinancing). The redemption of EUR37 million of the senior
secured notes completed in April 2017 will also marginally
support deleveraging in 2017. In view of the recent trends in the
company's revenues supported by new store openings mainly in
Europe (ex-France) and Asia and its stable margins, the rating
agency expects continued solid profitability growth, as proven
historically by SMCP, which will support further deleveraging in
the next 12 to 18 months.
In addition, Moody's expects SMCP will maintain a good liquidity
position, which as of 31 December 2016, comprised cash on balance
sheet amounting to EUR56 million and access to an undrawn EUR70
million covenanted revolving credit facility (RCF), expiring in
2022 (unrated). SMCP can also rely on confirmed overdraft
facilities totaling approximately EUR40 million (unrated). The
RCF is subject to a consolidated net debt to EBITDA financial
covenant under which headroom is significant, and which is tested
only if the facility is drawn by more than 25%.
However, the B1 rating is constrained by (1) SMCP's modest scale
compared to other diversified global players rated by Moody's,
its limited number of brands and its earnings concentration on
the French market, albeit mitigated by an increasing
international presence (international market accounted for 54% of
the group sales in 2016, compared to 28% in 2012); (2) SMCP's
exposure to fashion risk; and (3) the highly fragmented and
competitive nature of the apparel sector in the markets where the
company operates. In addition, the rating agency cautions that
SMCP's fast-paced expansion strategy, particularly in new
markets, creates execution risks and results in sustained high
capex which has historically constrained free cash flow
generation. Moody's nevertheless expects capex spending to remain
contained to around 5% of net sales, as seen in 2016, which will
support a positive free cash flow generation in the next 12 to 18
months.
In addition, SMCP's ratings are constrained by the weaker credit
quality of its Chinese majority shareholder, textile manufacturer
Shandong Ruyi Technology Group Co., Ltd. ("Ruyi", B2 stable) on a
standalone basis. Moody's notes that in 2016 and on a proforma
basis, SMCP generated over 15% of the consolidated revenues and
around 30% of the consolidated reported EBITDA of Ruyi. As such,
Moody's believes that SMCP is of strategic importance to its
owner and that there is some uncertainty with regards to SMCP's
financial policy and any potential need to support its parent
going forward. As a result, Moody's considers SMCP's rating to be
limited at a maximum of one notch above that of Ruyi, which is
currently rated B2 with a stable outlook.
Nonetheless, given SMCP's strong operating performance and cash
generation ability, Moody's considers indebtedness located at the
level of SMCP to be structurally senior to the debt issued by
Ruyi, which, on a standalone basis, is weaker. In addition,
covenants in the bond indenture limit the company's ability to
make certain payments, including dividends. Any dividend would be
permitted following the satisfaction of a gross leverage ratio
test, set at 2.5x (currently at 3.5x). Whilst the company is
unable to satisfy this ratio, it will have access to the
accumulating credit under the RP income basket plus carve-outs.
STRUCTURAL CONSIDERATIONS
The B1 rating on SMCP's EUR471 million senior secured notes, the
same as the CFR, reflects the fact that the notes are the largest
single component of the rated group's financial and non-financial
debt. The super senior RCF is the only other debt obligation of
the group. The notes and the revolver are both guaranteed by
certain group holding and operating companies, and benefit, on a
first-priority basis, from certain share pledges. However, under
the terms of an inter-creditor agreement the RCF ranks ahead of
the senior secured notes upon enforcement. Moody's assessment
factors in significant limitations on the enforcement of the
guarantees and collateral under French law which mean that in
practice non-debt obligations of operating subsidiaries,
including trade payables and operating lease commitments, could
rank ahead of the issuer's debt.
The PDR of B1-PD reflects the use of a 50% family recovery
assumption, consistent with a capital structure including a mix
of bond and bank debt. The capital structure has limited
covenants overall with the lenders relying only on incurrence
covenants contained in the senior secured notes indentures as
well as one maintenance covenant defined as net leverage, with
ample headroom as of today. This covenant is only tested if
outstanding borrowings under the super senior RCF are equal to or
greater than 25% of the overall commitment.
RATING OUTLOOK
The stable outlook reflects Moody's view that SMCP will deliver
continued growth in earnings driven by its international
expansion strategy, notably in Asia. Moody's expects this will
support a positive free cash flow generation and further
deleveraging in the next 18 months. The rating agency also
assumes the company will maintain a good liquidity profile
including continued access to its revolving credit facility, and
strong headroom under applicable financial covenant.
WHAT COULD CHANGE THE RATING UP/DOWN
An upgrade is unlikely in the near term in light of the upgrade.
Moreover, the lower rating assigned to SMCP's parent Ruyi (B2
stable) constrains SMCP's rating at the current level.
Moody's could consider upgrading SMCP's ratings if the company
continues its recent trajectory of profitable growth, maintains
above rated peers like-for-like sales growth and generates a
positive free cash flow leading to improved credit metrics such
as Moody's-adjusted (gross) debt/EBITDA ratio sustainably below
3.5x and Moody's-adjusted EBIT/Interest Expense ratio above 2.5x.
An upgrade would also be dependent upon confirmation of an
intention to pursue a prudent financial policy without material
acquisition or distribution to shareholders.
Conversely, SMCP's ratings could be under downward pressure if
there is evidence of a weakness in like-for-like sales growth as
a result of, for example, poor execution or deterioration in
either profitability or free cash flow generation.
Quantitatively, a Moody's-adjusted debt/EBITDA ratio approaching
4.5x and a Moody's-adjusted EBIT/Interest Expense ratio trending
towards 1.5x could trigger a downgrade.
Furthermore, Moody's cautions that a downgrade of Ruyi's CFR
could weigh on SMCP's ratings or outlook especially if there is
evidence that Ruyi's weaker credit quality could cause a change
in SMCP's financial policy including dividend payments.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Retail
Industry published in October 2015.
Headquartered in Paris, SMCP is an apparel retailer focused on
the accessible luxury segment (average item selling price is
c.EUR215) through three brands: Sandro, Maje, and Claudie
Pierlot. In the fiscal year ended 31 December 2016 SMCP recorded
net sales (before deducting concession fees) of EUR786 million
and reported an EBITDA of EUR130 million. In May 2016, a bond
financing was launched in support of the transaction under which
Chinese textile manufacturer Shandong Ruyi Technology Group Co.,
Ltd. (B2 stable) became the majority owner of SMCP (81% of the
share capital). Former majority owner, private equity firm KKR,
and the company's management retained minority stakes.
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G E R M A N Y
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KION GROUP: Moody's Withdraws Ba1 Corporate Family Rating
---------------------------------------------------------
Moody's Investors Service has withdrawn all ratings of KION Group
AG. At the time of withdrawal, the ratings were: corporate family
rating of Ba1 and probability of default rating of Ba1-PD. The
ratings have had a negative outlook.
Moody's has withdrawn the ratings for its own business reasons.
Headquartered in Wiesbaden, Germany, KION Group AG supplies
forklift trucks, warehouse trucks and associated services and
solutions for logistics, warehouse management and automation.
During 2016, KION generated revenues of around EUR5.6 billion
with a workforce of around 30,500 employees. KION is a publicly
listed company with market capitalization of around EUR6.9
billion as of May 2, 2017. Its largest shareholder is Chinese
engineering group Weichai Power (unrated), holding around 43.3%
following the capital increase in July 2016, with the remainder
being in free float.
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G R E E C E
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GREECE: Germany Says No Debt Relief Measures Being Readied
----------------------------------------------------------
Reuters reports that no debt relief measures are being readied
for Greece, Germany's Finance Ministry said on May 4 after the
Handelsblatt business daily reported measures were under
consideration.
The implementation of reforms that Greece agreed to in return for
aid would help ensure the sustainability of the country's debt,
the ministry said in a statement e-mailed to Reuters.
Regarding possible debt measures, a clear agreement was reached
in a statement by the Eurogroup of euro zone finance ministers
last May, Reuters relates.
"According to that, after the full implementation of the
adjustment programme, there will be an assessment of whether debt
measures are necessary. That still applies," Reuters quotes the
ministry as saying.
Earlier, Handelsblatt reported that Greece's international
lenders were preparing possible debt relief for Athens for
discussion by the finance ministers, Reuters relays.
The European Commission, the ESM euro zone rescue fund, the
European Central Bank and the International Monetary Fund (IMF)
had prepared various debt measures in a document to be sent to
the Eurogroup for further discussion, it said, citing people
familiar with the document, Reuters notes.
An EU source told Reuters the document was originally a paper by
the ESM, not all four institutions, and had been modified on the
way to the version Handelsblatt saw.
"It lays down several options for the restructuring of Greek debt
and specifies possibilities which were given by the Eurogroup
last May. One of the options still is that ESM would take debt
from IMF," the source, as cited by Reuters, said.
"It is not clear yet if the IMF would agree on that."
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I R E L A N D
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WEATHERFORD INTERNATIONAL: Reports $448 Million Net Loss for Q1
---------------------------------------------------------------
Weatherford International public limited company filed with the
Securities and Exchange Commission its quarterly report on Form
10-Q disclosing a net loss attributable to the Company of $448
million on $1.38 billion of total revenues for the three months
ended March 31, 2017, compared to a net loss attributable to the
Company of $498 million on $1.58 billion of total revenues for
the three months ended March 31, 2016.
As of March 31, 2017, Weatherford had $12.16 billion in total
assets, $10.47 billion in total liabilities and $1.69 billion in
total shareholders' equity.
Mark A. McCollum, president and chief executive officer,
commented, "I am honored to have the opportunity to lead
Weatherford, an organization with a reputation for exceptional
technologies and collaborative customer relationships, a strong
global market presence and a high-caliber, diverse workforce.
Building on a rich base of opportunities, I look forward to
guiding our Company to reach its full potential."
"In our next chapter, we intend to intensely focus on execution
and process discipline, which will serve as our cornerstones for
improved profitability and returns. As we emerge from the worst
downturn in oilfield history, there has never been a more
important time for collaboration across our organization as well
as with our clients, reinforcing our commitment to being a
trusted business partner to those we serve. Guided by our core
values of ethics, integrity and accountability, we will challenge
ourselves to consistently deliver greater value for our customers
and our shareholders."
McCollum continued, "Our recently announced joint venture with
Schlumberger, OneStimSM, will offer a significant North America
land-based multistage completions portfolio combined with one of
the largest hydraulic fracturing fleets in the industry for the
development of unconventional resource plays in land markets in
the United States and Canada. This agreement enables us to take
another step toward improving our balance sheet and strengthening
our returns. It also confirms our commitment to creating
strategic partnerships, sharing resources and capabilities to
develop new technologies and achieve critical mass as a means to
provide our clients with the lowest cost per barrel."
"Our highest priority will be to improve and strengthen our
balance sheet. Through more disciplined cost management, we will
continue to streamline our operations, becoming a more efficient
and leaner organization. This includes the completion of the
OneStim joint venture and the divestiture of our Land Drilling
Rigs business. Delivering heightened service quality and
reliability will position our Company on a solid path toward
long-term profitability. Improved profitability will in turn
drive cash flow, and stronger cash flow will improve our balance
sheet. We realize the responsibility of being good stewards and
recognize that there is work to be done to earn your trust and
confidence. We are committed to meaningfully improving our
returns and increasing shareholder value."
Net cash used in operating activities was $179 million for the
first quarter of 2017, including $144 million of debt interest
payments, $43 million of cash severance and restructuring costs,
and $30 million of SEC legal settlement costs, partially offset
by reductions in working capital balances totaling $3 million.
Capital expenditures of $40 million decreased by $28 million or
41% sequentially, and decreased $3 million or 7% from the same
quarter in the prior year. In January 2017, the Company
purchased certain leased equipment utilized in our North America
pressure pumping business for a total amount of $240 million,
which upon the closing of the transaction, will be contributed to
the OneStim SM joint venture. As of March 31, 2017, the Company
remained in compliance with our financial covenants as defined in
its revolving and secured term loan credit facilities. Based on
the Company's current financial projections, the Company believes
that it will remain in compliance with these covenants for the
remainder of 2017.
A full-text copy of the Form 10-Q is available for free at:
https://is.gd/bzeyOp
About Weatherford
Ireland-based Weatherford International plc (NYSE: WFT) --
http://www.weatherford.com/-- is one of the largest
multinational oilfield service companies providing innovative
solutions, technology and services to the oil and gas industry.
The Company operates in over 100 countries and has a network of
approximately 1,000 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 31,000 people.
Weatherford International reported a net loss attributable to the
Company of $3.39 billion on $5.74 billion of total revenues for
the year ended Dec. 31, 2016, compared to a net loss attributable
to the Company of $1.98 billion on $9.43 billion of total
revenues for the year ended Dec. 31, 2015. As of Dec. 31, 2016,
Weatherford had $12.66 billion in total assets, $10.59 billion in
total liabilities and $2.06 billion in total shareholders'
equity.
* * *
In November 2016, Fitch Ratings has downgraded the ratings for
Weatherford and its subsidiaries, including the companies'
Long-Term Issuer Default Ratings (IDRs) to 'CCC' from 'B+'.
In November 2016, S&P Global Ratings lowered its corporate credit
rating on Weatherford International to 'B+' from 'BB-'. "The
downgrade reflects our revised free operating cash flow estimates
for Weatherford following weaker-than-anticipated cash inflows in
the third quarter," said S&P Global Ratings credit analyst Carin
Dehne-Kiley.
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I T A L Y
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ALITALIA SPA: Had Debts of EUR3 Billion as of February 28
---------------------------------------------------------
Agnieszka Flak and Alberto Sisto at Reuters report that Italy's
government said loss-making airline Alitalia, which asked to be
put under special administration on May 2, had debts of around
EUR3 billion (US$3.3 billion) as of Feb. 28.
In a document marking the opening of the special administration
process and the appointment of three commissioners that will run
the airline from now on, the government said on May 6 Alitalia
had current liabilities of around EUR2.3 billion and assets worth
EUR921 million, Reuters relates.
Alitalia, 49% owned by Etihad Airways, has filed to be put under
special administration for the second time in less than a decade
after workers rejected its latest rescue plan, starting a process
that will lead to the carrier being overhauled, sold off or wound
up, Reuters discloses.
About Alitalia
Alitalia-Compagnia Aerea Italiana has navigated its way through
a successful restructuring. After filing for bankruptcy
protection in 2008, Alitalia found additional investors, acquired
rival airline Air One, and re-emerged as Italy's leading airline
in early 2009. Operating a fleet of about 150 aircraft, the
airline now serves more than 75 national and international
destinations from hubs in Fiumicino (Rome), Milan, Turin, Venice,
Naples, and Catania. Alitalia extends its network as a member of
the SkyTeam code-sharing and marketing alliance, which also
includes Air France, Delta Air Lines, and KLM. An Italian
investor group owns a majority of the company, while Air France-
KLM owns 25%.
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R U S S I A
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* RUSSIA: Amends Bankruptcy Statutes to Avert Bank Insolvencies
---------------------------------------------------------------
Sergei Blagov at Bloomberg BNA reports that the presidential
press service said in a statement Russia has given its central
bank new tools to help prevent insolvencies in its banking
system.
President Vladimir Putin amended the country's bankruptcy
statutes by signing into law Federal Law N. 84-FZ, Bloomberg BNA
relates.
According to Bloomberg BNA, specifically, the change amends
Article 189 of Federal Law No. 127-FZ on insolvency by allowing
the Russian Central Bank to create a Consolidation Fund and a
separate management arm.
The management entity can serve as interim management of a
distressed bank, allowing the Central Bank, if necessary, to
freeze claims against the financial institution for up to three
months, Bloomberg BNA discloses.
The legislative amendments were adopted last month by the
State Duma, the lower house of Parliament, The Federation
Council, the upper house, followed suit, Bloomberg BNA recounts.
The changes take effect June 15, Bloomberg BNA notes.
=========
S P A I N
=========
BANCO POPULAR: Posts Loss of EUR137 Mil. in First Quarter 2017
--------------------------------------------------------------
Tobias Buck at The Financial Times reports that Banco Popular
unveiled a first-quarter loss of EUR137 million on May 5, as the
troubled Spanish lender was once again forced to raise provisions
for its toxic real-estate portfolio.
Madrid-based group is seen as the weakest link in the Spanish
banking system, amid speculation that the only way forward for
Popular is either a massive capital increase or a sale, the FT
notes. The bank posted a EUR3.5 billion loss last year, the FT
recounts.
Emilio Saracho, a former JPMorgan banker who was brought in as
chairman in February, has indicated he will eventually try and
raise capital, but only after boosting the bank's capital
position through disposals, the FT relates.
Analysts estimate that Popular could need as much as EUR4 billion
in fresh equity -- significantly more than its current market
value of EUR2.9 billion, the FT discloses. The lender pushed
through a EUR2.5 billion capital increase only last year, the FT
relays.
Popular executives, as cited by the FT, said on May 5 that they
were under no pressure from regulators, and that the bank's core
business was performing well.
But there were signs that at least some people are turning their
backs on the franchise, with total customer deposits falling 5%
to EUR78.9 billion in the first quarter, the FT states.
In the three months to March, Popular recorded a net loss of
EUR137.1 million, compared with a profit of EUR93.6 in the same
period last yearm the FT discloses.
The main cause of Popular's loss was the need to set aside EUR496
million in fresh provisions, an increase of 70% on the same
period last year, the FT notes.
BANCO POPULAR VII: Moody's Affirms Caa2 Rating on Class B Notes
---------------------------------------------------------------
Moody's Investors Service has downgraded the rating of Class A
Notes and affirmed Class B Notes on IM Grupo Banco Popular
Empresas VII, FT.
EUR1825M Class A Notes, Downgraded to Baa1 (sf); previously on
Dec 2, 2016 Definitive Rating Assigned A3 (sf)
EUR675M Class B Notes, Affirmed Caa2 (sf); previously on Dec 2,
2016 Definitive Rating Assigned Caa2 (sf)
IM Grupo Banco Popular Empresas VII, FT is a revolving cash
securitisation of loans originated by Banco Popular Espanol, S.A.
("Banco Popular") and Banco Pastor S.A.U., both entities
belonging to Grupo Banco Popular. The portfolio consist of
unsecured loans extended to small and medium-sized enterprises
(SME) and self-employed individuals located in Spain.
RATINGS RATIONALE
The rating action is prompted by the downgrade of Banco Popular
long term deposit rating to Ba3 negative from Ba1 and the
downgrade of its Counterparty Risk (CR) assessment to Ba2(cr)
from Baa3(cr) on 21 April 2017 (see "Moody's downgrades Banco
Popular's senior unsecured debt ratings to B1 and deposit ratings
to Ba3; outlook negative"). Given the exposure of IM Grupo Banco
Popular Empresas VII, FT to Banco Popular, the Bank's downgrade
has increased commingling risk and issuer account bank risk in
the transaction.
Increased Commingling and issuer account bank risk:
Banco Popular acts as both Servicer and Issuer Account Bank for
IM Grupo Banco Popular Empresas VII, FT. The amounts held under
the name of the issuer with Banco Popular as account holder
consist of the reserve fund and any non-invested collections up
to EUR 425milliom. The bank's downgrade has negatively affected
this transaction, as the downgrade of the CR to Ba2(cr) from
Baa3(cr) and the downgrade of the long-term deposit rating to Ba3
negative from Ba1 have increased commingling risk and issuer
account bank risk respectively.
Revision of key colateral assumptions:
As part of the rating action, Moody's reassessed its default
probabilities (DP) as well as recovery rate (RR) assumptions
based on updated loan by loan data on the underlying pools and
delinquency, default and recovery ratio update. Moody's
maintained its DP on current balance and Recovery rate
assumptions due to pool performances in line with expectations.
Exposure to counterparties:
Moody's considered how the liquidity available in the
transactions and other mitigants support continuity of notes
payments, in case of servicer default, using the CR Assessment as
a reference point for servicers. The rating of the Class A Notes
are not constrained by operational risk. Moody's considers that
the current back-up servicer facilitator and cash management
arrangements as well as the liquidity available are sufficient to
support payments in the event of servicer disruption.
There is no swap exposure in IM Grupo Banco Popular Empresas VII,
FT.
Principal Methodology:
The principal methodology used in these ratings was "Moody's
Global Approach to Rating SME Balance Sheet Securitizations"
published in October 2015.
Factors that would lead to an upgrade or downgrade of the
ratings:
Factors or circumstances that could lead to an upgrade of the
ratings include: (1) performance of the underlying collateral
that is better than Moody's expected, (2) deleveraging of the
capital structure, (3) improvements in the credit quality of the
transaction counterparties, and (4) reduction in sovereign risk.
Factors or circumstances that could lead to a downgrade of the
ratings include: (1) performance of the underlying collateral
that is worse than Moody's expected, (2) deterioration in the
notes' available credit enhancement, (3) deterioration in the
credit quality of the transaction counterparties, and (4) an
increase in sovereign risk.
BANCO SABADELL: Moody's Assigns (P)B2(hyb) Rating to Tier 1 Debt
----------------------------------------------------------------
Moody's Investors Service has assigned a (P)B2(hyb) rating to the
Additional Tier 1 non-viability contingent capital securities to
be issued by Banco Sabadell, S.A. (Banco Sabadell) (Baa2/Baa3
stable, ba2).
The (P)B2(hyb) rating assigned to the notes is based on Banco
Sabadell's standalone creditworthiness and is positioned three
notches below the bank's ba2 adjusted baseline credit assessment
(BCA): one notch below to reflect high loss severity under
Moody's Advanced Loss Given Failure (LGF) analysis; and a further
two notches below to reflect the higher payment risk associated
with the non-cumulative coupon skip mechanism, as well as the
probability of the bank-wide failure. The LGF analysis also takes
into consideration the conversion feature, in combination with
the Tier 1 notes' deeply subordinated claim in liquidation.
Moody's issues provisional ratings in advance of the final
issuance. These ratings represent the rating agency's preliminary
credit opinion. A definitive rating may differ from a provisional
rating if the terms and conditions of the final issuance are
materially different from those of the draft prospectus reviewed.
RATINGS RATIONALE
According to Moody's framework for rating non-viability
securities under its bank rating methodology, the agency
typically positions the rating of Additional Tier 1 securities
three notches below the bank's adjusted BCA. One notch reflects
the high loss-given-failure that these securities are likely to
face in a resolution scenario, due to their deep subordination,
small volume and limited protection from residual equity. Moody's
also incorporates two additional notches to reflect the higher
risk associated with the non-cumulative coupon skip mechanism,
which could precede the bank reaching the point of non-viability.
The notes are unsecured and perpetual, subordinated to
unsubordinated and subordinated instruments that do not
constitute AT1 capital, and senior to ordinary shares. They have
a non-cumulative optional and a mandatory coupon-suspension
mechanism. A conversion into common shares is triggered if the
group's transitional Common Equity Tier 1 (CET1) capital ratio
falls below 5.125%, which Moody's views as close to the point of
non-viability. At 31 March 2017, Banco Sabadell's consolidated
CET1 ratio stood at 11.94%, while its standalone CET1 ratio stood
at 14.91% (at 31 December 2016, latest available data).
WHAT COULD CHANGE THE RATING UP/DOWN
Any changes in the ba2 adjusted BCA of the bank would likely
result in changes to the (P)B2(hyb) rating assigned to these
securities. In addition, any increase in the probability of a
coupon suspension would also lead us to reconsider the rating
level.
Upward pressure on Banco Sabadell's BCA could be driven by a
further sustained improvement on its key financial metrics.
Conversely, downward pressure on the bank's standalone BCA could
arise if Banco Sabadell's credit profile weakens as a consequence
of an unexpected deterioration of any of its financial
fundamentals.
PRINCIPAL METHODOLOGY
The principal methodology used in this rating was Banks published
in January 2016.
===========================
U N I T E D K I N G D O M
===========================
MOUNTWEST PETROLEUM: Bought Out of Administration
-------------------------------------------------
Scott Reid at The Scotsman reports that staff at Mountwest
Petroleum Engineering have been saved from redundancy after it
was bought out of administration in a pre-pack deal.
The company had been placed in administration after suffering the
effects of the prolonged downturn in the North Sea, The Scotsman
relates.
The business and assets were immediately sold to a new company,
Mountwest Petroleum, retaining 18 members of staff, with one
director leaving, The Scotsman discloses.
Mountwest Petroleum will now be operated by Independent Oil Tools
Group, a subsidiary of Petrolia SE, The Scotsman notes.
According to The Scotsman, the business will continue to trade
from premises on Kirkton Industrial Estate in Arbroath.
Mountwest Petroleum Engineering is an Arbroath-based oil and gas
services firm.
RESIDENTIAL MORTGAGE 29: Moody's Rates Class F1 Notes Caa2
----------------------------------------------------------
Moody's Investors Service has assigned definitive credit ratings
to the following notes issued by Residential Mortgage Securities
29 Plc ("RMS 29"):
GBP359.43 million Class A Floating Rate Notes due December 2046,
Definitive Rating Assigned Aaa (sf)
GBP 47.92 million Class B Floating Rate Notes due December 2046,
Definitive Rating Assigned Aa2 (sf)
GBP 19.96 million Class C Floating Rate Notes due December 2046,
Definitive Rating Assigned A2 (sf)
GBP 27.95 million Class D Floating Rate Notes due December 2046,
Definitive Rating Assigned Baa2 (sf)
GBP 21.30 million Class E Floating Rate Notes due December 2046,
Definitive Rating Assigned Ba3 (sf)
GBP 11.98M million Class F1 Floating Rate Notes due December
2046, Definitive Rating Assigned Caa2 (sf)
The GBP 15.97 million Class F2 Notes due December 2046, the
GBP27.99 million Class F3 Notes due December 2046, the GBP37.27
million Class X1 Notes due December 2046, the GBP7.99 million
Class X2 Notes due December 2046, the GBP15.98 million Class Z
Notes due December 2046 and Certificates have not been rated by
Moody's.
The portfolio backing this transaction consists of UK
non-conforming residential loans primarily originated by Money
Partners Loans Limited, Kensington Mortgage Company Limited and
Kensington Personal Loans and their affiliates, which were part
of the Kensington group. A small fraction of the loans in the
portfolio (2.1%) were acquired from third party originators,
including DB UK Bank Limited trading as DB Mortgages, Edeus
Mortgage Creators Limited, GMAC-RFC Limited, Infinity Mortgages
Limited, Mortgages PLC, Preferred Mortgages Limited and Southern
Pacific Mortgages Limited. The portfolio is serviced by Homeloan
Management Limited ("HML") at closing, with servicing of the
portfolio expected to move to Acenden Limited shortly after
closing.
At closing, Kensington Mortgage Company Limited sold the
portfolio to Kayl PL S.a.r.l. (the "Seller", not rated). In turn
the Seller, sold the portfolio to RMS 29.
Moody's assigned provisional ratings to these notes on March 24,
2017.
RATINGS RATIONALE
The ratings of the notes take into account, among other factors:
(1) the historical performance of the collateral; (2) the credit
quality of the underlying mortgage loan pool, (3) the level of
arrears in the pool and (4) the initial credit enhancement
provided to the senior notes by the junior notes and the reserve
fund.
-- Expected Loss and MILAN CE Analysis
Moody's determined the MILAN credit enhancement (MILAN CE) and
the portfolio's expected loss (EL) based on the pool's credit
quality. The expected portfolio loss (EL) of 12% and the MILAN CE
of 33% serve as input parameters for Moody's cash flow and
tranching model, which is based on a probabilistic lognormal
distribution. The MILAN CE reflects the loss Moody's expects the
portfolio to suffer in the event of a severe recession scenario.
The key drivers for the MILAN CE, which is higher than the UK
non-conforming sector average and is based on Moody's assessment
of the loan-by-loan information are: (i) the high WA current
unindexed LTV of 76.0%, (ii) the presence of 64.7% loans where
the borrowers self-certified their income, (iii) borrowers with
adverse credit history with 23.3% of the pool containing
borrowers with CCJ's, (iv) the weighted average seasoning of the
pool of 11.0 years, (v) the level of arrears of around 52.4%
(including all technical arrears) at the end of February 2017, of
which 22.2% are 90+ days in arrears, and (vi) presence of 7.1% of
second lien loans and 41.6% of restructured loans in the
portfolio, although these are largely legacy restructurings as
only 1.0% of the portfolio contains loans which have been
restructured after 2012.
The key drivers for the portfolio's expected loss, which is
higher than the UK non-conforming sector average and is based on
Moody's assessment of the lifetime loss expectation, are: (1)
observed performance of mortgages, from which a substantial
proportion in RMS 29 (about 60.0% by current balance) has been
previously securitised in transactions rated by Moody's including
Residential Mortgage Securities 19 Plc ("RMS 19"), Residential
Mortgage Securities Plc 20 ("RMS 20"), Money Partners Securities
2 Plc ("MPS 2"), Money Partners Securities 3 Plc ("MPS 3") as
well as about 8.1% by current balance has been previously
securitised in Money Partners Securities 1 Plc ("MPS 1") which
was not rated by Moody's (2) the performance of previous
Kensington originations as well as the performance this
portfolio; (3) benchmarking with comparable transactions in the
UK non-conforming market; (4) the levels of delinquencies in the
pool together with roll rate analysis; and (5) the current
economic conditions in the UK and the potential impact of future
interest rate rises and inflation on the performance of the
mortgage loans.
-- Operational Risk Analysis
Kensington Mortgage Company Limited ("KMC", not rated) acts as
the servicer. KMC sub-delegates certain primary servicing
obligations to HML. HML's sub-delegation responsibilities are
expected to move to Acenden Limited later this year. In order to
mitigate the operational risk, Capita Trust Corporate Limited
(not rated) acts as back-up servicer facilitator, and Wells Fargo
Bank, N.A. (Aa2/P-1) acts as a back up cash manager from close.
To ensure payment continuity over the transaction's lifetime the
transaction documents incorporate estimation language whereby the
cash manager can use the three most recent servicer reports to
determine the cash allocation in case no servicer report is
available.
-- Transaction structure
At close, a General Reserve Fund has been established, which
equals to 3.5% of the initial portfolio size (around GBP18.6
million) until the June 2019 interest payment date at which point
it will reduce down to 3.0% of the initial portfolio size (around
GBP16.0 million). The reserve fund is fully funded at closing,
will step down in June 2019 and will then remain at this amount
until the Classes A to F2 have been redeemed in full and
thereafter the reserve fund required amount will fall to GBP0. In
addition the transaction benefits from a Liquidity Reserve Fund,
which is not funded at closing, but only if the General Reserve
Fund falls to below 2.0% of the Class A to F3 Outstanding
Balance. In that case, the Liquidity Reserve Fund Required Amount
will increase to 4.0% of the Class A aggregate outstanding
balance for the life of the transaction, which will be funded
through the principal waterfall. Drawings on the Liquidity
Reserve Fund to pay interest will create a PDL. The topping up of
the Liquidity Reserve up to the Required Amount will not create a
PDL. In addition, Moody's notes that unpaid interest on the Class
B, C, D, E and F1 is deferrable. Non-payment of interest on the
Class A notes constitutes an event of default.
Principal to pay interest mechanism is always available to pay
interest on the Class A notes. After the Class A notes are paid
in full, principal can be used to pay interest on the most senior
note outstanding. The reserve fund is a source of liquidity to
all rated notes (although it may only be used for the F1 notes
after the Class E notes are paid in full). In addition the Class
A notes benefit from a Liquidity Reserve Fund.
-- Interest Rate Risk Analysis
There are two main forms of SVR linked-loans, KVR and MVR. Under
the servicing agreement, the servicer must set SVR at least equal
to LIBOR plus a fixed margin of 2.5% and 1.5% for the KVR and MVR
respectively. There are no swaps in the transaction to hedge
these rates to LIBOR. Moody's has modelled the spread taking into
account the minimum margin covenants. However, due to uncertainty
on enforceability of this covenant, Moody's has performed
stressed analysis for the interest rate reset scenario.
-- Parameter Sensitivities
Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's structured finance security may vary if certain input
parameters used in the initial rating process differed. The
analysis assumes that the deal has not aged and is not intended
to measure how the rating of the security might migrate over
time, but rather how the initial rating of the security might
have differed if key rating input parameters were varied.
Parameter Sensitivities for the typical EMEA RMBS transaction are
calculated by stressing key variable inputs in Moody's primary
rating model. If the portfolio expected loss was increased from
12.0% of current balance to 21.0% of current balance, and the
MILAN Credit Enhancement remained at 33.0%, the model output
indicates that the Class A would still achieve Aaa assuming that
all other factors remained equal.
Factors that would lead to an upgrade or downgrade of the
ratings:
Factors that would lead to a downgrade of the ratings include
economic conditions being worse than forecast resulting in worse-
than-expected performance of the underlying collateral,
deterioration in the credit quality of the counterparties and
unforeseen legal or regulatory changes.
Factors that would lead to an upgrade of the ratings include
economic conditions being better than forecast resulting in
better-than-expected performance of the underlying collateral.
The ratings address the expected loss posed to investors by the
legal final maturity of the notes. In Moody's opinion the
structure allows for timely payment of interest and ultimate
payment of principal at par on or before the rated final legal
maturity date for all rated notes. Moody's ratings only address
the credit risk associated with the transaction. Other non-credit
risks have not been addressed, but may have a significant effect
on yield to investors.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
September 2016.
The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.
STORE TWENTY ONE: Files Notice to Appoint Administrators
--------------------------------------------------------
Luke Tugby at Retail Week reports that Store Twenty One has filed
a notice of intention to appoint administrators after defaulting
on rent payments.
According to Retail Week, around 1,000 jobs hang in the balance
at the embattled fashion retailer as it races against the clock
to secure additional investment.
And Retail Week has learned that the future of dozens more retail
roles has been thrown into doubt after home furnishings business
Linens Direct filed a similar notice of intention to appoint
administrators.
Store Twenty One struck a rescue deal with creditors last July
through a company voluntary arrangement (CVA), which allowed it
to shutter 77 of its 202 shops and slash rents on a further 17 by
25%, Retail Week recounts.
Landlords of more than 80 other stores were also asked to accept
monthly rents rather than quarterly payments, Retail Week notes.
But according to documentation seen by Retail Week, Store Twenty
One has fallen behind on those monthly contributions to the CVA
and was presented with a winding up petition by HMRC on April 12
in relation to unpaid taxes.
The firm drafted in by Store Twenty One last year to help
restructure the business -- rental payments that were due to be
paid to landlords on March 22 and April 22 "remain outstanding",
Retail Week relays, citing a letter sent to creditors by Alix
Partners.
The letter adds that the retailer is "in discussions with its
lenders with a view to seeking additional finance to ensure the
ongoing viability of the business and continuation of the CVA",
according to Retail Week.
However, the document states that the retailer's directors have
"taken steps to appoint administrators", which therefore
"prevents creditors from taking enforcement action against the
company", Retail Week notes.
Store Twenty One is understood to have submitted the application
to court on April 28, with a hearing date now set for May 26,
Retail Week relays.
The fashion chain's struggles come amid a turbulent start to 2017
as retailers battle to adapt to the rise of online, increasing
labor costs and the tumbling value of the pound following the
Brexit vote, Retail Week discloses.
===============
X X X X X X X X
===============
* BOND PRICING: For the Week May 1 to May 5, 2017
-------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Agrokor dd 9.88 5/1/2019 EUR 36.48
Agrokor dd 8.88 2/1/2020 USD 36.63
QGOG Constellation SA 6.25 11/9/2019 USD 70.55
Rickmers Holding AG 8.88 6/11/2018 EUR 4.64
Co-Operative Bank PLC/Uni 11.00 12/20/2023 GBP 38.00
Oi Brasil Holdings Cooper 5.75 2/10/2022 USD 34.00
Aegon NV 0.60 EUR 67.12
Offshore Drilling Holding 8.38 9/20/2020 USD 41.63
Intelsat Luxembourg SA 7.75 6/1/2021 USD 58.85
Banque Federative du Cred 0.90 EUR 68.37
Co-Operative Bank PLC/Uni 8.50 7/1/2025 GBP 29.81
ING Groep NV 1.10 EUR 73.99
Agrokor dd Via Aquarius + 4.92 8/8/2017 EUR 30.63
Frigoglass Finance BV 8.25 5/15/2018 EUR 62.00
Ensco PLC 5.75 10/1/2044 USD 73.42
ING Groep NV 0.70 EUR 71.18
Casino Guichard Perrachon 1.69 EUR 67.18
Portugal Telecom Internat 4.63 5/8/2020 EUR 32.02
Banca Popolare di Vicenza 2.82 12/20/2017 EUR 12.33
Alitalia-Societa' Aerea I 5.25 7/30/2020 EUR 45.50
Immigon Portfolioabbau AG 10.00 EUR 17.63
Banca Popolare di Vicenza 9.50 9/29/2025 EUR 15.50
Neopost SA 3.38 EUR 58.13
Intelsat Luxembourg SA 8.13 6/1/2023 USD 58.86
Mitsubishi UFJ Investor S 4.17 12/15/2050 EUR 49.92
CGG SA 5.88 5/15/2020 EUR 46.63
Privatbank CJSC Via UK SP 10.25 1/23/2018 USD 24.04
Santander International P 2.00 USD 67.00
Veneto Banca SpA 9.50 12/1/2025 EUR 15.00
AXA SA 0.54 EUR 70.42
Veneto Banca SpA 0.72 6/21/2017 EUR 30.00
Portugal Telecom Internat 5.88 4/17/2018 EUR 32.88
Portugal Telecom Internat 5.00 11/4/2019 EUR 33.23
HSH Nordbank AG 7.25 USD 27.04
CNP Assurances 1.27 EUR 70.45
BPCE SA 0.72 EUR 74.21
Ageasfinlux SA 1.02 EUR 56.25
Far East Capital Ltd SA 8.00 5/2/2018 USD 68.75
Johnston Press Bond Plc 8.63 6/1/2019 GBP 63.76
Rothschilds Continuation 1.46 EUR 71.46
Pacific Drilling SA 5.38 6/1/2020 USD 51.25
HSH Nordbank AG/Luxembour 2.10 EUR 19.71
Agrokor dd 8.88 2/1/2020 USD 36.68
Banco Espirito Santo SA 2.63 5/8/2017 EUR 29.53
Novo Banco SA 3.50 1/2/2043 EUR 59.09
Air France-KLM 2.03 2/15/2023 EUR 11.34
UkrLandFarming PLC 10.88 3/26/2018 USD 32.40
Banca Carige SpA 8.34 EUR 24.63
OAS Investments GmbH 8.25 10/19/2019 USD 5.10
Oi Brasil Holdings Cooper 5.63 6/22/2021 EUR 33.56
CGG SA 6.50 6/1/2021 USD 48.50
ADLER Real Estate AG 2.50 7/19/2021 EUR 15.20
AXA SA 0.88 EUR 74.71
CGG SA 1.75 1/1/2020 EUR 2.53
Scholz Holding Gmbh 8.50 12/31/2019 EUR 10.38
Portugal Telecom Internat 4.50 6/16/2025 EUR 32.95
Caisse Federale du Credit 0.89 EUR 71.14
WPE International Coopera 10.38 9/30/2020 USD 18.50
Mitsubishi UFJ Investor S 3.92 12/30/2099 EUR 4.25
Brunswick Rail Finance De 6.50 11/1/2017 USD 72.50
Banco Espirito Santo SA 4.00 1/21/2019 EUR 27.50
Bilt Paper BV 9.64 USD 33.50
Portugal Telecom Internat 6.25 7/26/2016 EUR 32.58
Solarworld AG 9.67 2/24/2019 EUR 55.33
BNP Paribas SA 1.49 USD 70.94
BNP Paribas SA 1.15 EUR 66.04
Credit Mutuel Arkea SA 0.79 EUR 70.73
Waste Italia SpA 10.50 11/15/2019 EUR 17.13
CGG SA 1.25 1/1/2019 EUR 24.12
Agrokor dd 9.88 5/1/2019 EUR 37.31
Banca Carige SpA 7.32 12/20/2020 EUR 53.07
Econocom Group SA/NV 1.50 1/15/2019 EUR 13.81
Sapinda Invest SARL 5.00 6/30/2019 EUR 30.00
Aegon NV 1.51 NLG 67.65
Banca Monte dei Paschi di 0.67 11/30/2017 EUR 37.40
Nordea Bank AB 1.50 USD 73.47
Banca Monte dei Paschi di 2.29 5/15/2018 EUR 35.60
Banca Monte dei Paschi di 5.00 4/21/2020 EUR 35.68
Jyske Bank A/S 0.84 EUR 71.81
OGX Austria GmbH 8.50 6/1/2018 USD 0.01
Bibby Offshore Services P 7.50 6/15/2021 GBP 60.13
Eramet 4.00 EUR 43.42
Fuerstenberg Capital Erst 1.45 EUR 65.67
Banco Espirito Santo SA 7.13 11/28/2023 EUR 0.20
Yuksel Insaat AS 9.50 11/10/2015 USD 20.63
IMMOFINANZ AG 4.25 3/8/2018 EUR 4.38
Rothschilds Continuation 1.69 USD 62.60
Banco Espirito Santo SA 4.75 1/15/2018 EUR 27.38
SOITEC 6.75 9/18/2018 EUR 2.93
Novo Banco SA 3.00 6/21/2022 USD 73.97
Privatbank CJSC Via UK SP 11.00 2/9/2021 USD 12.88
CEVA Group PLC 9.00 9/1/2021 USD 71.63
CGG SA 6.88 1/15/2022 USD 46.50
Agrokor dd 9.13 2/1/2020 EUR 36.87
Mriya Agro Holding PLC 9.45 4/19/2018 USD 4.00
Societe Generale SA 1.38 USD 71.75
ATF Capital BV 8.58 USD 69.44
Rudolf Woehrl AG 6.50 2/12/2018 EUR 14.50
Jyske Bank A/S 1.05 EUR 72.35
BIM SAS 2.50 11/13/2020 EUR 26.82
Havila Shipping ASA 5.43 11/7/2020 NOK 66.00
NIBC Bank NV 2.46 USD 73.58
Sanha GmbH & Co KG 7.75 6/4/2018 EUR 60.38
Popular Capital SA 0.93 EUR 58.13
Sydbank A/S 0.85 EUR 71.00
syncreon Group BV / syncr 8.63 11/1/2021 USD 72.25
Far East Capital Ltd SA 8.75 5/2/2020 USD 64.51
Nexity SA 0.13 1/1/2023 EUR 64.78
Alno AG 8.50 5/14/2018 EUR 44.63
Norske Skog Holding AS 8.00 2/24/2021 EUR 52.12
Sydbank A/S 0.77 EUR 74.38
Pierre & Vacances SA 3.50 10/1/2019 EUR 44.93
Virgolino de Oliveira Fin 10.50 1/28/2018 USD 7.51
3W Power SA 8.00 8/29/2019 EUR 39.75
Allied Irish Banks PLC 12.50 6/25/2035 GBP 71.50
Paragon Offshore PLC 6.75 7/15/2022 USD 18.75
KTG Agrar SE 7.13 6/6/2017 EUR 2.15
Novo Banco SA 3.50 1/23/2043 EUR 59.21
Matalan Finance PLC 8.88 6/1/2020 GBP 67.38
Solarworld AG 9.67 2/24/2019 EUR 50.10
Novo Banco SA 3.50 2/19/2043 EUR 59.21
IKB Deutsche Industrieban 5.63 8/1/2017 EUR 37.00
Sequa Petroleum NV 5.00 4/29/2020 USD 69.00
Banca Popolare di Vicenza 4.97 4/20/2027 EUR 43.63
Norske Skogindustrier ASA 2.00 12/30/2115 EUR 22.63
Beate Uhse AG 7.75 7/9/2019 EUR 18.25
Candyking Holding AB 5.00 1/29/2018 SEK 46.88
SeniVita Sozial gemeinnue 7.00 EUR 66.50
NIBC Bank NV 0.91 EUR 68.31
Privatbank CJSC Via UK SP 10.88 2/28/2018 USD 22.01
Lambay Capital Securities 6.25 GBP 1.23
QGOG Constellation SA 6.25 11/9/2019 USD 70.50
OSX 3 Leasing BV 13.00 3/20/2015 USD 33.50
Electromagnetic Geoservic 6.96 6/27/2019 NOK 67.63
German Pellets GmbH 7.25 11/27/2019 EUR 0.63
DNB Bank ASA 1.53 USD 70.69
Orient Express Bank PJSC 12.00 5/29/2019 USD 55.00
European Directories Bond 7.00 12/9/2018 EUR 66.00
Banca Carige SpA 2.77 6/19/2018 EUR 55.50
Novo Banco SA 3.50 3/18/2043 EUR 59.27
Cooperatieve Rabobank UA 0.50 11/26/2021 ZAR 67.07
Banca Carige SpA 1.67 12/29/2018 EUR 36.63
Scandinavian Airlines Sys 0.63 CHF 24.55
Pescanova SA 5.13 4/20/2017 EUR 2.75
OGX Austria GmbH 8.38 4/1/2022 USD 0.00
EFG International AG 0.63 EUR 65.38
Lehman Brothers UK Capita 5.13 EUR 0.14
Banca Popolare di Vicenza 4.00 8/27/2019 EUR 72.75
Afren PLC 11.50 2/1/2016 USD 0.15
Elli Investments Ltd 12.25 6/15/2020 GBP 60.00
Alno AG 8.00 3/21/2019 EUR 37.00
Hellenic Republic Governm 5.20 7/17/2034 EUR 71.25
Banca Popolare di Vicenza 4.60 12/15/2017 EUR 31.21
Eniro AB 6.00 4/14/2020 SEK 14.71
Tikehau Capital SCA 1.63 1/1/2022 EUR 61.50
NTRP Via Interpipe Ltd 10.25 8/2/2017 USD 26.25
Oi Brasil Holdings Cooper 5.75 2/10/2022 USD 32.38
Aralco Finance SA 10.13 5/7/2020 USD 2.28
GEWA 5 to 1 GmbH & Co KG 6.50 3/24/2018 EUR 31.38
Paragon Offshore PLC 7.25 8/15/2024 USD 18.75
Manchester Building Socie 6.75 GBP 15.84
CGG SA 6.50 6/1/2021 USD 48.05
Dexia Credit Local SA 1.40 EUR 6.49
Air Berlin Finance BV 1.50 4/11/2027 EUR 2.70
Pescanova SA 8.75 2/17/2019 EUR 2.75
Veneto Banca SpA 6.95 2/25/2025 EUR 15.88
Bank Nadra via NDR Financ 8.25 7/31/2018 USD 0.25
Innogy SE 3.80 4/5/2033 USD 74.24
Fred Olsen Energy ASA 4.05 2/28/2019 NOK 52.38
Lloyds Bank PLC 2.78 12/27/2028 USD 74.25
Wild Bunch AG 8.00 3/23/2019 EUR 50.00
Avatera Medical Investmen 5.00 8/7/2018 EUR 70.00
Touax SA 6.00 7/10/2020 EUR 16.04
Santander Finance Capital 2.00 EUR 56.13
Hybrid Raising GmbH 6.63 EUR 24.01
City of Kiev Ukraine Via 8.00 11/6/2015 USD 65.38
Praktiker AG 5.88 2/10/2016 EUR 0.21
Banco Espirito Santo SA 2.32 EUR 0.43
Iona Energy Co UK Ltd 12.50 9/27/2018 USD 0.68
Banca delle Marche SpA 0.62 6/1/2017 EUR 0.70
Offshore Drilling Holding 8.38 9/20/2020 USD 40.50
Societe Generale SA 0.81 EUR 59.50
Alpine Holding GmbH 6.00 5/22/2017 EUR 0.36
Mriya Agro Holding PLC 10.95 3/30/2016 USD 6.48
Etablissements Maurel et 1.63 7/1/2019 EUR 17.13
Oceanic Champion AS 8.00 2/20/2020 USD 71.55
Stichting Afwikkeling Ond 11.25 EUR 0.52
Laurel GmbH 7.13 11/16/2017 EUR 8.75
Stichting Afwikkeling Ond 6.25 10/26/2020 EUR 4.75
Sazka AS 9.00 7/12/2021 EUR 0.34
Banca Nuova SpA 6.06 5/23/2028 EUR 68.00
Republic of Italy Governm 0.30 7/31/2035 EUR 74.20
Deutsche Bank AG/London 2.28 8/28/2034 USD 58.38
Virgolino de Oliveira Fin 11.75 2/9/2022 USD 7.00
Tonon Luxembourg SA 9.25 1/24/2020 USD 11.25
Norske Skog Holding AS 8.00 2/24/2023 USD 42.25
Phones4u Finance PLC 9.50 4/1/2018 GBP 73.63
GNB - Cia de Seguros de V 3.17 EUR 48.00
Cirio Holding Luxembourg 6.25 2/16/2004 EUR 1.34
Pacific Drilling SA 5.38 6/1/2020 USD 46.75
Tonon Luxembourg SA 10.50 5/14/2024 USD 35.00
Norske Skogindustrier ASA 7.13 10/15/2033 USD 30.13
DNB Bank ASA 1.31 USD 70.81
More & More AG 8.13 6/11/2018 EUR 37.00
Banco Espirito Santo SA 6.88 7/15/2016 EUR 28.13
Intelsat Luxembourg SA 12.50 11/15/2024 USD 68.47
Capital Raising GmbH 7.50 EUR 23.29
Sairgroup Finance BV 4.38 6/8/2006 EUR 13.88
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 1.92
Credit Lyonnais SACA 0.44 EUR 63.71
Lehman Brothers Treasury 6.00 2/15/2035 EUR 10.00
Gebr Sanders GmbH & Co KG 8.75 10/22/2018 EUR 30.13
Corporate Commercial Bank 8.25 8/8/2014 USD 0.50
LBI HF 6.10 8/25/2011 USD 10.13
Ideal Standard Internatio 11.75 5/1/2018 EUR 5.00
Vseukrainsky Aktsinerny B 10.90 6/14/2019 USD 2.12
Grupo Isolux Corsan SA 0.25 12/30/2018 EUR 1.43
Island Drilling Co ASA 9.50 4/3/2018 USD 1.50
Banca Monte dei Paschi di 2.79 10/31/2018 EUR 37.43
Smart Solutions GmbH 8.00 12/3/2018 EUR 35.88
IGas Energy PLC 10.00 2/4/2020 USD 49.88
OP Corporate Bank plc 0.84 EUR 68.20
GNB - Cia de Seguros de V 1.87 12/19/2022 EUR 60.38
Action SA 3.21 7/4/2017 PLN 54.07
Dexia SA 1.45 EUR 5.13
Oceanteam ASA 12.29 10/24/2017 USD 21.63
Cooperatieve Rabobank UA 0.50 10/29/2027 MXN 42.20
Petrol AD 5.50 1/26/2022 EUR 29.00
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.59
Vneshprombank Ltd via VPB 9.00 11/14/2016 USD 0.03
Banca Popolare di Vicenza 5.00 5/30/2021 EUR 66.25
Banca Popolare di Vicenza 8.50 12/28/2018 EUR 28.00
GPB Aerofinans OOO 9.67 3/15/2030 RUB 60.38
Barclays Bank PLC 0.66 3/21/2033 USD 57.50
getgoods.de AG 7.75 10/2/2017 EUR 0.03
Teksid Aluminum Luxembour 11.38 7/15/2011 EUR 0.19
Mobylife Holding A/S 7.25 5/23/2020 SEK 53.00
JZ Capital Partners Ltd 6.00 7/30/2021 GBP 11.10
Santander Finance Capital 2.00 USD 56.20
DNB Bank ASA 1.50 USD 70.69
Barclays Bank PLC 2.85 1/27/2031 USD 63.88
Banco Pinto & Sotto Mayor 0.68 EUR 25.31
Orco Property Group SA 7.00 11/7/2019 EUR 67.75
Etablissements Maurel et 2.75 7/1/2021 EUR 10.66
Havila Shipping ASA 5.01 11/7/2020 NOK 42.25
Kaupthing ehf 7.63 2/28/2015 USD 17.63
Novo Banco SA 3.00 12/16/2021 EUR 68.63
Steilmann SE 7.00 9/23/2018 EUR 2.89
PNE Wind AG 3.75 10/10/2019 EUR 3.30
Banca Popolare di Vicenza 9.50 10/2/2025 EUR 15.75
BOA Offshore AS 7.69 12/18/2018 NOK 25.00
KTG Energie AG 7.25 9/28/2018 EUR 2.28
Mobile TeleSystems PJSC 8.85 3/25/2021 RUB 100.40
Barclays Bank PLC 0.53 5/31/2033 USD 57.50
SeaBird Exploration Finan 6.00 3/3/2018 USD 15.25
Deutsche Bank AG/London 3.42 11/26/2034 USD 67.25
Del Monte Finance Luxembo 6.63 5/24/2006 EUR 4.61
Lehman Brothers UK Capita 6.90 USD 0.77
Lehman Brothers Treasury 6.00 11/2/2035 EUR 10.00
Koninklijke Luchtvaart Ma 0.75 CHF 36.50
Deutsche Bank AG/London 2.46 6/30/2034 USD 51.13
Windreich GmbH 6.50 7/15/2016 EUR 10.00
German Pellets GmbH 7.25 7/9/2018 EUR 1.42
Manchester Building Socie 8.00 GBP 25.00
Barclays Bank PLC 3.21 7/31/2034 USD 70.50
OGX Austria GmbH 8.38 4/1/2022 USD 0.01
Autonomous Community of C 2.97 9/8/2039 JPY 64.22
Tatfondbank OAO via TFB F 8.50 11/12/2019 USD 1.16
Barclays Bank PLC 1.94 9/30/2031 USD 66.70
Cooperatieve Rabobank UA 0.50 11/30/2027 MXN 42.96
Hellas Telecommunications 8.50 10/15/2013 EUR 0.50
Sidetur Finance BV 10.00 4/20/2016 USD 5.25
Lloyds Bank PLC 3.02 11/27/2033 USD 69.05
TradeDoubler AB 6.75 12/20/2018 SEK 49.25
Minicentrales Dos SA 6.45 4/14/2028 EUR 67.13
Breeze Finance SA 6.71 4/19/2027 EUR 29.05
Frey 6.00 11/15/2022 EUR 22.50
Lloyds Bank PLC 0.65 1/31/2033 USD 58.70
Farstad Shipping ASA 4.45 5/29/2018 NOK 26.63
Banco Pastor SAU 2.07 EUR 57.17
Portigon AG 7.46 12/31/2019 EUR 26.50
Lehman Brothers Treasury 5.00 2/16/2015 EUR 10.00
Deutsche Bank AG/London 0.36 3/15/2033 USD 55.00
Deutsche Bank AG/London 4.06 10/31/2034 USD 70.25
Nationwide Building Socie 0.85 GBP 70.00
Deutsche Bank AG 0.35 6/28/2033 USD 57.00
IT Holding Finance SA 9.88 11/15/2012 EUR 1.37
Lehman Brothers Treasury 7.25 10/5/2035 EUR 9.63
Paragon Offshore PLC 7.25 8/15/2024 USD 19.63
UkrLandFarming PLC 10.88 3/26/2018 USD 30.50
RENE LEZARD Mode GmbH 7.25 11/25/2017 EUR 12.00
Waste Italia SpA 10.50 11/15/2019 EUR 17.13
World Wide Supply AS 7.75 5/26/2017 USD 13.88
Royal Bank of Scotland PL 1.94 12/30/2030 USD 60.88
Hellenic Republic Governm 2.09 7/25/2057 EUR 37.25
Belfius Bank SA/NV 1.66 FRF 70.13
Talvivaara Mining Co PLC 4.00 12/16/2015 EUR 0.35
Far Eastern Shipping Co P 13.00 11/28/2017 RUB 59.11
Golden Energy Offshore Se 5.00 12/31/2017 NOK 40.75
Cirio Finance Luxembourg 7.50 11/3/2002 EUR 4.46
Steilmann SE 6.75 6/27/2017 EUR 5.00
International Industrial 11.00 2/19/2013 USD 0.28
OGX Austria GmbH 8.50 6/1/2018 USD 0.01
Assystem 4.50 EUR 31.28
KPNQwest NV 10.00 3/15/2012 EUR 0.76
Barclays Bank PLC 2.12 3/28/2034 USD 62.10
Depfa Funding IV LP 1.54 EUR 56.34
A-TEC Industries AG 2.75 5/10/2014 EUR 2.00
Royal Bank of Scotland PL 2.42 12/13/2028 USD 72.04
Kommunalbanken AS 0.50 5/27/2022 ZAR 64.34
Barclays Bank PLC 2.42 2/25/2031 USD 65.60
Royal Bank of Scotland PL 2.46 11/16/2030 USD 67.71
Farstad Shipping ASA 5.22 7/30/2017 NOK 27.00
Santander Finance Capital 2.00 EUR 56.13
ADLER Real Estate AG 6.00 6/30/2017 EUR 13.50
OAS Investments GmbH 8.25 10/19/2019 USD 4.67
Lloyds Bank PLC 3.34 10/25/2033 USD 73.50
Barclays Bank PLC 2.41 11/29/2030 USD 65.50
Cirio Finanziaria SpA 8.00 12/21/2005 EUR 0.41
Holdikks SAS 6.75 7/15/2021 EUR 60.50
Windreich GmbH 6.50 3/1/2015 EUR 10.00
Finance and Credit Bank J 9.25 1/25/2019 USD 0.47
Veneto Banca SpA 6.94 5/15/2025 EUR 15.75
Abanka Vipa DD Via Afinan 1.57 EUR 1.37
Lloyds Bank PLC 0.54 2/22/2033 USD 59.25
Barclays Bank PLC 2.57 3/21/2031 USD 66.75
Tonon Luxembourg SA 10.50 5/14/2024 USD 35.00
Lehman Brothers Treasury 8.25 3/16/2035 EUR 10.00
Alpine Holding GmbH 5.25 7/1/2015 EUR 0.17
Lehman Brothers Treasury 5.00 9/22/2014 EUR 10.00
Dexia Kommunalbank Deutsc 4.88 6/1/2017 EUR 39.05
Hypo Tirol Bank AG 0.12 7/23/2026 EUR 64.48
Portugal Telecom Internat 5.24 11/6/2017 EUR 32.88
Cirio Del Monte NV 7.75 3/14/2005 EUR 1.14
3W Power SA 5.50 11/11/2020 EUR 45.00
Stroika Finance Ltd Via E 9.90 6/25/2019 RUB 12.00
Banca Carige SpA 5.70 6/30/2017 EUR 70.00
AKB Peresvet ZAO 13.50 10/16/2020 RUB 13.00
Bank Nederlandse Gemeente 0.50 6/7/2022 ZAR 63.14
Northland Resources AB 4.00 10/15/2020 USD 0.01
PA Resources AB 13.50 3/3/2016 SEK 0.09
Orient Express Bank PJSC 8.17 6/27/2017 USD 50.00
Rena GmbH 8.25 7/11/2018 EUR 3.60
Banco Espirito Santo SA 6.90 6/28/2024 EUR 26.00
Enterprise Holdings LTD 7.00 9/26/2017 EUR 2.33
Commerzbank Holdings UK L 1.69 USD 73.88
Afren PLC 6.63 12/9/2020 USD 0.42
RN Bank JSC 10.40 7/9/2021 RUB 100.70
Cooperatieve Rabobank UA 0.50 7/30/2043 MXN 11.71
Enterprise Holdings LTD 7.00 3/30/2020 EUR 2.33
SiC Processing GmbH 7.13 3/1/2016 EUR 2.67
Privatbank CJSC Via UK SP 10.88 2/28/2018 USD 22.00
Norske Skogindustrier ASA 7.13 10/15/2033 USD 30.13
Volstad Shipping AS 7.05 4/15/2019 NOK 25.00
Steilmann SE 7.00 3/9/2017 EUR 2.90
Barclays Bank PLC 2.96 9/29/2034 USD 69.30
Barclays Bank PLC 2.62 12/30/2030 USD 63.65
A-TEC Industries AG 8.75 10/27/2014 EUR 2.00
Norske Skog Holding AS 8.00 2/24/2023 USD 47.00
Kaupthing ehf 5.75 10/4/2011 USD 17.63
Barclays Bank PLC 0.55 3/28/2033 USD 60.00
Dannemora Mineral AB 11.75 3/22/2016 USD 0.63
KTG Agrar SE 7.25 10/15/2019 EUR 2.14
Barclays Bank PLC 1.23 6/17/2033 USD 61.75
Bibby Offshore Services P 7.50 6/15/2021 GBP 60.13
SAG Solarstrom AG 6.25 12/14/2015 EUR 33.75
German Pellets GmbH 7.25 4/1/2016 EUR 1.04
APP International Finance 11.75 10/1/2005 USD 0.56
Landesbank Hessen-Thuerin 0.12 5/3/2041 EUR 74.06
BNP Paribas SA 0.58 4/30/2033 USD 52.75
Stichting Afwikkeling Ond 2.42 EUR 0.52
Norske Skog Holding AS 8.00 2/24/2021 EUR 54.00
Northland Resources AB 15.00 7/15/2019 USD 0.44
Lehman Brothers Treasury 7.00 5/17/2035 EUR 10.00
Golden Gate AG 6.50 10/11/2014 EUR 41.50
Gazprom Capital OOO 8.90 2/3/2027 RUB 60.12
Barclays Bank PLC 2.72 7/28/2031 USD 68.88
Societe Generale SA 1.92 10/31/2033 USD 74.82
AKB Peresvet ZAO 13.00 10/7/2017 RUB 22.50
SAir Group 5.13 3/1/2003 CHF 14.00
HSBC France SA 1.03 EUR 61.10
Mox Telecom AG 7.25 11/2/2017 EUR 3.35
CNP Assurances 2.00 EUR 74.75
UniCredit Bank Austria AG 0.17 12/31/2031 EUR 70.30
Intelsat Luxembourg SA 12.50 11/15/2024 USD 68.47
PA Resources AB 3.00 12/27/2017 NOK 0.09
UniCredit Bank Austria AG 0.19 8/20/2033 EUR 67.61
Rem Offshore ASA 5.00 12/8/2024 NOK 30.13
KPNQwest NV 8.88 2/1/2008 EUR 1.00
Finmek International SA 7.00 12/3/2004 EUR 4.89
Gunther Zamek Produktions 7.75 5/15/2017 EUR 1.26
Pescanova SA 6.75 3/5/2015 EUR 3.09
CEVA Group PLC 9.00 9/1/2021 USD 70.81
Lehman Brothers Treasury 6.00 3/18/2015 USD 10.00
Barclays Bank PLC 4.63 9/13/2028 USD 65.00
Nuova Banca Popolare dell 1.67 9/28/2017 EUR 0.81
Far Eastern Shipping Co P 15.00 2/27/2018 RUB 57.03
Banca Popolare di Vicenza 5.00 11/22/2020 EUR 69.50
ADLER Real Estate AG 6.00 12/27/2018 EUR 13.50
Banco Espirito Santo SA 10.00 12/6/2021 EUR 0.20
Acron PJSC 9.55 9/24/2026 RUB 61.56
Banco Comercial Portugues 5.00 EUR 55.00
MS Deutschland Beteiligun 6.88 12/18/2017 EUR 5.73
Barclays Bank PLC 0.06 12/28/2040 EUR 70.62
Kaupthing ehf 5.75 10/4/2011 USD 17.63
Hamburgische Landesbank-G 0.05 1/22/2041 EUR 62.14
Lehman Brothers Treasury 2.88 3/14/2013 CHF 10.00
Afren PLC 10.25 4/8/2019 USD 0.00
Cooperatieve Rabobank UA 0.50 10/30/2043 MXN 11.53
Northland Resources AB 4.00 10/15/2020 NOK 0.06
Lehman Brothers Treasury 5.10 5/8/2017 HKD 9.63
Deutsche Bank AG/London 2.94 9/30/2029 USD 67.00
CRC Breeze Finance SA 6.11 5/8/2026 EUR 55.50
Governo Portugues Consoli 3.00 EUR 70.00
Rosneft Oil Co PJSC 14.90 12/3/2020 RUB 62.00
KPNQwest NV 7.13 6/1/2009 EUR 1.00
Alpine Holding GmbH 5.25 6/10/2016 EUR 0.17
Accentro Real Estate AG 6.25 3/27/2019 EUR 10.00
UniCredit Bank Austria AG 0.15 12/27/2031 EUR 66.87
Virgolino de Oliveira Fin 10.88 1/13/2020 USD 26.75
Afren PLC 11.50 2/1/2016 USD 0.20
SAG Solarstrom AG 7.50 7/10/2017 EUR 33.75
Veneto Banca SpA 1.67 5/15/2019 EUR 30.00
CGG SA 5.88 5/15/2020 EUR 46.38
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 2.46
Lloyds Bank PLC 2.73 7/26/2033 USD 67.75
AKB Peresvet ZAO 13.25 6/22/2017 RUB 22.63
Orient Express Bank PJSC 13.60 8/9/2018 RUB 69.00
Barclays Bank PLC 2.72 7/28/2034 USD 66.35
CGG SA 6.88 1/15/2022 USD 46.38
BLT Finance BV 12.00 2/10/2015 USD 10.50
Geotech Seismic Services 13.00 10/16/2019 RUB 70.57
Sairgroup Finance BV 6.63 10/6/2010 EUR 13.88
A-TEC Industries AG 5.75 11/2/2010 EUR 2.00
CBo Territoria 6.00 1/1/2020 EUR 4.10
Rosneft Oil Co PJSC 10.90 11/28/2024 RUB 63.00
Mriya Agro Holding PLC 9.45 4/19/2018 USD 6.25
Republic of Italy Governm 0.18 7/31/2045 EUR 72.50
Banca Carige SpA 5.70 9/17/2020 EUR 50.38
SAir Group 0.13 7/7/2005 CHF 13.00
Lloyds Bank PLC 2.39 7/5/2033 USD 69.70
Far East Capital Ltd SA 8.00 5/2/2018 USD 65.13
Transneft PJSC 9.30 8/25/2026 RUB 61.30
Banco Espirito Santo SA 1.22 5/27/2018 EUR 0.20
UniCredit Bank Austria AG 0.02 1/25/2031 EUR 69.01
Marfin Investment Group H 7.00 7/29/2019 EUR 1.00
Bank Nederlandse Gemeente 0.50 7/12/2022 ZAR 62.81
Dexia Kommunalbank Deutsc 5.63 12/31/2017 EUR 13.13
AgroGeneration 8.00 4/1/2019 EUR 72.80
Russian Railways JSC 8.65 2/4/2032 RUB 60.06
Barclays Bank PLC 2.34 4/25/2034 USD 58.44
Barclays Bank PLC 3.28 5/30/2034 USD 72.88
Banca Popolare di Vicenza 5.00 3/31/2021 EUR 67.38
wige MEDIA AG 6.00 3/17/2019 EUR 2.60
DOF ASA 8.00 9/12/2019 NOK 40.00
Autonomous Community of C 1.06 9/8/2024 EUR 73.41
Afren PLC 10.25 4/8/2019 USD 0.00
Cooperatieve Rabobank UA 0.50 1/31/2033 MXN 26.30
Bilt Paper BV 9.64 USD 33.50
DEMIRE Real Estate AG 6.00 12/30/2018 EUR 3.40
Vnesheconombank 2.00 6/18/2021 RUB 74.60
Vnesheconombank 9.65 7/10/2018 RUB 62.02
Elli Investments Ltd 12.25 6/15/2020 GBP 60.00
Muehl Product & Service A 6.75 3/10/2005 DEM 2.37
Depfa Funding II LP 6.50 EUR 57.75
BAWAG PSK Versicherungs A 1.06 EUR 47.34
Deutsche Bank AG/London 0.40 1/31/2033 USD 59.70
Banca Popolare di Vicenza 5.00 6/30/2021 EUR 65.63
Svensk Exportkredit AB 0.50 4/24/2029 AUD 61.77
Finans-Avia OOO 8.25 7/31/2022 RUB 75.27
Societe Generale SA 1.60 1/9/2020 GBP 1.10
Brunswick Rail Finance De 6.50 11/1/2017 USD 71.39
Barclays Bank PLC 4.13 10/10/2029 USD 74.31
Alpha Bank AE 2.50 6/20/2022 EUR 63.70
Lloyds Bank PLC 2.72 7/29/2033 USD 63.10
Lehman Brothers Treasury 5.00 2/27/2014 EUR 10.00
Petromena ASA 10.85 11/19/2014 USD 0.59
Svensk Exportkredit AB 0.50 8/29/2029 AUD 61.07
Virgolino de Oliveira Fin 10.50 1/28/2018 USD 7.00
Barclays Bank PLC 1.88 11/1/2031 USD 64.50
Lehman Brothers Treasury 4.60 11/9/2011 EUR 10.00
Hamburgische Landesbank-G 0.05 10/30/2040 EUR 64.35
BNP Paribas SA 0.50 9/29/2029 AUD 60.04
Immigon Portfolioabbau AG 3.72 4/12/2022 EUR 74.70
Municipality Finance PLC 0.50 5/8/2029 AUD 65.98
syncreon Group BV / syncr 8.63 11/1/2021 USD 71.88
Absolut Bank PAO 11.00 5/28/2018 RUB 60.09
IVG Immobilien AG 5.54 EUR 0.56
Johnston Press Bond Plc 8.63 6/1/2019 GBP 63.63
Alpha Bank AE 2.50 6/20/2022 EUR 63.69
KPNQwest NV 8.13 6/1/2009 USD 0.92
Lehman Brothers Treasury 6.65 8/24/2011 AUD 9.63
Svensk Exportkredit AB 0.50 6/29/2029 AUD 61.42
Opin PJSC 13.00 3/17/2022 RUB 60.06
Espirito Santo Financial 5.05 11/15/2025 EUR 0.33
Oi Brasil Holdings Cooper 5.63 6/22/2021 EUR 33.99
Banca Popolare di Vicenza 1.60 3/20/2020 EUR 67.38
Marfin Investment Group H 6.30 7/29/2020 EUR 0.90
Governo Portugues Consoli 2.75 EUR 63.00
Rena GmbH 7.00 12/15/2015 EUR 3.60
Uppfinnaren 1 AB 10.00 SEK 63.38
SAir Group 6.25 4/12/2005 CHF 13.00
Agentstvo po Ipotechnomu 10.90 11/1/2022 RUB 60.72
SG Option Europe SA 7.00 5/5/2017 EUR 58.40
Societe Generale SA 0.57 2/28/2033 USD 63.40
Vimpel-Communications PJS 11.90 10/3/2025 RUB 62.00
Atari SA 7.50 2/17/2020 EUR 0.35
Stichting Afwikkeling Ond 6.63 5/14/2018 EUR 3.34
Societe Generale SA 0.12 5/31/2033 USD 61.86
Barclays Bank PLC 0.50 3/26/2021 MXN 70.55
Kaupthing ehf 9.00 USD 0.13
Lehman Brothers Treasury 4.00 2/16/2017 EUR 10.00
Podkarpacki Bank Spoldzie 5.81 7/2/2020 PLN 70.00
MegaFon PJSC 9.90 5/29/2026 RUB 62.00
Rosneft Oil Co PJSC 11.15 12/3/2020 RUB 62.00
Sistema PJSC FC 10.90 10/31/2025 RUB 63.01
Solon SE 1.38 12/6/2012 EUR 0.33
Mifa Mitteldeutsche Fahrr 7.50 8/12/2018 EUR 2.92
Rusfinans Bank OOO 8.75 9/29/2020 RUB 100.10
Espirito Santo Financial 5.13 5/30/2016 EUR 0.78
Banca Popolare di Vicenza 5.00 3/25/2021 EUR 67.50
Lehman Brothers Treasury 6.00 3/14/2011 EUR 10.00
Barclays Bank PLC 3.87 4/16/2029 USD 73.30
Barclays Bank PLC 2.36 12/23/2033 USD 66.20
Virgolino de Oliveira Fin 11.75 2/9/2022 USD 7.00
Landesbank Hessen-Thuerin 0.13 4/23/2041 EUR 70.82
Artea 6.00 8/4/2019 EUR 14.62
Sberbank of Russia PJSC 12.27 1/2/2026 RUB 60.06
Agentstvo po Ipotechnomu 9.50 11/15/2024 RUB 61.00
Santander Finance Capital 2.00 USD 56.20
Bank Julius Baer & Co Ltd 6.70 6/2/2017 USD 62.20
UniCredit Bank Austria AG 0.16 10/31/2031 EUR 66.97
United Aircraft Corp PJSC 8.00 3/17/2020 RUB 60.00
Transneft PJSC 11.00 10/1/2019 RUB 100.39
Credit Suisse AG/London 9.75 5/23/2017 USD 53.62
Lehman Brothers Treasury 5.25 5/26/2026 EUR 0.65
Samaratransneft-Terminal 12.00 3/30/2022 RUB 60.22
Municipality Finance PLC 0.50 6/19/2024 ZAR 52.44
ING Bank Eurasia JSC 10.45 3/30/2021 RUB 61.03
Svensk Exportkredit AB 0.50 6/28/2022 ZAR 62.71
Kommunekredit 0.50 7/30/2027 TRY 32.16
Agentstvo po Ipotechnomu 10.83 2/1/2034 RUB 100.00
Region of Abruzzo Italy 0.17 11/7/2036 EUR 61.39
KTM Industries AG 5.00 EUR 72.00
Kaupthing ehf 6.13 10/4/2016 USD 17.63
Afren PLC 6.63 12/9/2020 USD 0.42
Heta Asset Resolution AG 0.43 12/31/2023 EUR 39.25
Frigoglass Finance BV 8.25 5/15/2018 EUR 62.75
Minicentrales Dos SA 4.81 11/29/2034 EUR 60.63
Matalan Finance PLC 8.88 6/1/2020 GBP 68.13
Transneft PJSC 9.65 6/30/2023 RUB 60.11
Banca Monte dei Paschi di 4.36 3/14/2024 EUR 40.88
Gazprom PJSC 5.30 10/21/2043 RUB
Rusfinans Bank OOO 10.00 7/31/2026 RUB 60.51
Mechel PJSC 8.00 2/9/2021 RUB 71.00
Transcapitalbank JSC Via 10.00 9/18/2020 USD 72.00
Argon Capital PLC for Roy 2.67 GBP 75.00
Societe Generale SA 8.88 6/1/2017 USD 34.01
AKB Peresvet ZAO 13.25 4/25/2018 RUB 23.49
Municipality Finance PLC 0.50 4/26/2022 ZAR 63.39
International Industrial 9.00 7/6/2011 EUR 0.50
BLT Finance BV 7.50 5/15/2014 USD 2.29
Lehman Brothers Treasury 4.50 5/2/2017 EUR 10.00
Lehman Brothers Treasury 7.00 6/6/2017 EUR 0.65
Montepio Holding SGPS SA 5.00 EUR 50.05
Banca Popolare di Vicenza 1.60 1/9/2020 EUR 68.38
Societe Generale SA 0.53 6/28/2033 USD 69.25
Republic of Italy Governm 0.19 7/31/2045 EUR 70.79
Lehman Brothers Treasury 7.00 11/26/2013 EUR 10.00
Rosbank PJSC 9.80 12/20/2026 RUB 100.00
SUEK Finance 12.50 8/19/2025 RUB 100.00
Lehman Brothers Treasury 4.00 7/27/2011 EUR 0.65
Lehman Brothers Treasury 8.25 12/3/2015 EUR 10.00
Banca Meridiana 1.29 11/12/2017 EUR 21.00
Region of Molise Italy 0.18 12/15/2033 EUR 66.28
Paragon Offshore PLC 6.75 7/15/2022 USD 19.25
Veneto Banca SpA 2.40 4/7/2020 EUR 68.25
Vnesheconombank 11.60 2/17/2025 RUB 60.00
Lloyds Bank PLC 3.34 4/25/2034 USD 69.00
Veneto Banca SpA 5.41 5/25/2023 EUR 57.63
Lehman Brothers Treasury 1.00 5/9/2012 EUR 0.65
Vnesheconombank 9.76 12/17/2021 RUB 60.06
Western High-Speed Diamet 9.84 2/6/2032 RUB 65.03
Veneto Banca SpA 4.65 1/11/2020 EUR 75.00
Minaya Capital AG 7.00 8/1/2018 EUR 65.32
Marine Subsea AS 9.00 12/16/2019 USD 0.50
Province of Brescia Italy 0.11 12/22/2036 EUR 58.30
Lehman Brothers Treasury 11.00 12/20/2017 AUD 0.65
Tonon Luxembourg SA 9.25 1/24/2020 USD 11.25
Russian Railways JSC 9.85 4/26/2041 RUB 106.84
Cattles Ltd 7.13 7/5/2017 GBP 0.20
Banca Popolare di Vicenza 2.53 11/22/2019 EUR 71.54
WPE International Coopera 10.38 9/30/2020 USD 18.38
BNP Paribas SA 0.50 7/20/2021 BRL 64.60
Barclays Bank PLC 2.62 12/30/2030 USD 62.88
Lehman Brothers Treasury 3.03 1/31/2015 EUR 0.65
Vnesheconombank 9.20 8/20/2020 RUB 60.37
Lehman Brothers Treasury 5.55 3/12/2015 EUR 0.65
Lehman Brothers Treasury 4.00 10/24/2012 EUR 0.65
Lehman Brothers Treasury 6.00 10/30/2012 EUR 0.65
Lehman Brothers Treasury 5.00 12/6/2011 EUR 0.65
Lehman Brothers Treasury 4.00 12/2/2012 EUR 0.65
Russian Railways JSC 9.25 7/11/2028 RUB 99.35
Russian Bank for Small an 9.25 3/17/2022 RUB 60.31
Karlie Group GmbH 5.00 6/25/2021 EUR 4.30
Royal Bank of Scotland PL 2.42 2/25/2031 USD 63.60
Tatfondbank PJSC 13.00 9/7/2021 RUB 2.98
Societe Generale SA 1.00 12/22/2017 GBP 0.98
Agentstvo po Ipotechnomu 9.50 1/15/2029 RUB 100.00
AKB Peresvet ZAO 13.50 6/23/2021 RUB 12.49
Banca Popolare di Vicenza 5.20 3/28/2024 EUR 54.00
Phones4u Finance PLC 9.50 4/1/2018 GBP 73.63
Veneto Banca SpA 5.15 1/25/2023 EUR 58.13
Activa Resources AG 8.00 11/15/2017 EUR 16.00
Svensk Exportkredit AB 0.50 1/31/2022 ZAR 66.13
Tatfondbank PJSC 12.50 12/11/2024 RUB 2.12
Podkarpacki Bank Spoldzie 5.81 3/31/2025 PLN 65.51
Ekotechnika AG 9.75 5/10/2018 EUR 9.50
Banca Popolare di Vicenza 2.50 7/11/2019 EUR 74.88
Delta Credit Bank JSC 10.29 11/24/2021 RUB 60.06
Rossiysky Capital OJSC 13.00 11/22/2019 RUB 99.89
Kaupthing ehf 6.13 10/4/2016 USD 17.63
Lehman Brothers Treasury 7.59 11/22/2009 MXN 10.00
Gazprombank JSC 9.00 4/27/2048 RUB 98.80
Lloyds Bank PLC 0.66 4/26/2033 USD 59.25
AKB Peresvet ZAO 12.50 9/6/2017 RUB 21.55
Agroton Public Ltd 6.00 7/14/2019 USD 12.88
Deutsche Bank AG/London 0.50 10/5/2021 IDR 66.43
HSBC Bank PLC 0.50 6/10/2021 BRL 69.07
Lehman Brothers Treasury 5.00 3/18/2015 EUR 10.00
Municipality Finance PLC 0.50 7/30/2029 AUD 68.98
Barclays Bank PLC 0.50 1/28/2033 MXN 23.59
Western High-Speed Diamet 9.84 2/6/2032 RUB 60.00
EFG International Finance 6.00 11/30/2017 EUR 8.50
Nuova Banca Popolare dell 5.00 10/30/2023 EUR 0.78
Russian Railways JSC 11.20 10/16/2025 RUB 105.75
Banco BPI SA 1.78 EUR 58.02
Ideal Standard Internatio 11.75 5/1/2018 EUR 5.00
City of Moscow Russia 7.50 5/18/2021 RUB 60.00
Far East Capital Ltd SA 8.75 5/2/2020 USD 64.83
OT-Optima Telekom DD 5.25 5/30/2022 HRK 70.10
Lehman Brothers Treasury 1.46 2/19/2012 JPY 10.00
LBI HF 7.43 USD 0.00
Espirito Santo Financial 5.05 11/15/2025 EUR 0.33
SAir Group 5.50 7/23/2003 CHF 13.02
Nutritek International Co 8.75 12/11/2008 USD 2.00
Lehman Brothers Treasury 5.50 6/22/2010 USD 10.00
Banca Popolare di Vicenza 2.00 11/7/2019 EUR 70.88
ECM Real Estate Investmen 5.00 10/9/2011 EUR 10.38
Leonteq Securities AG 6.80 7/10/2018 USD
EFG International Finance 2.10 3/23/2018 EUR 15.48
Solarwatt GmbH 7.00 11/1/2015 EUR 14.50
German Pellets GmbH 8.00 EUR 0.10
Kardan NV 6.78 2/2/2020 ILS 73.27
DOMO OJSC 14.00 5/8/2026 RUB 50.00
Barclays Bank PLC 0.61 4/9/2028 USD 64.53
Cooperatieve Rabobank UA 0.50 12/29/2027 MXN 42.11
Barclays Bank PLC 2.70 2/28/2034 USD 72.89
HPI AG 3.50 EUR 5.01
Atomenergoprom JSC 11.10 12/12/2025 RUB 63.00
Municipiul Timisoara 0.72 5/15/2026 RON 65.01
Veneto Banca SpA 2.40 3/31/2020 EUR 68.50
Banca Popolare di Vicenza 1.60 2/20/2020 EUR 67.88
Bank Intesa AO 9.75 10/10/2019 RUB 100.00
Lehman Brothers Treasury 5.00 8/16/2017 EUR 10.00
Lehman Brothers Treasury 5.00 5/2/2022 EUR 0.65
Banca Popolare di Vicenza 1.60 1/16/2020 EUR 68.63
Municipiul Timisoara 0.72 5/15/2026 RON 65.40
Virgolino de Oliveira Fin 10.88 1/13/2020 USD 26.75
World of Building Technol 9.90 6/25/2019 RUB 1.52
HSBC Bank PLC 0.50 12/8/2020 BRL 71.72
Kommunalbanken AS 0.50 12/16/2020 TRY 69.13
Kaupthing ehf 5.25 7/18/2017 BGN 17.63
Lehman Brothers Treasury 7.00 9/20/2011 USD 0.65
Barclays Bank PLC 7.12 10/4/2017 USD 40.45
Russkiy Mezhdunarodnyi Ba 10.50 11/14/2021 RUB 60.04
SAir Group 6.25 10/27/2002 CHF 13.03
Rusfinans Bank OOO 9.95 8/22/2019 RUB 101.00
LBI HF 6.10 8/25/2011 USD 10.13
Salvator Grundbesitz-AG 9.50 12/31/2021 EUR 9.95
Atari SA 0.10 4/1/2020 EUR 3.90
Lehman Brothers Treasury 1.28 11/6/2010 JPY 10.00
Rosselkhozbank JSC 12.87 12/21/2021 RUB 60.01
Norske Skogindustrier ASA 2.00 12/30/2115 EUR 22.63
Lehman Brothers Treasury 3.86 9/21/2011 SGD 9.63
Kaupthing ehf 9.75 9/10/2015 USD 17.63
Banca Popolare di Vicenza 1.60 5/29/2020 EUR 65.88
Windreich GmbH 6.25 3/1/2015 EUR 10.00
Vnesheconombank 8.35 11/24/2020 RUB 60.01
Banque Federative du Cred 0.84 EUR 68.75
Svensk Exportkredit AB 0.50 3/15/2022 ZAR 64.54
Mriya Agro Holding PLC 10.95 3/30/2016 USD 6.38
HSBC Bank PLC 0.50 12/29/2026 AUD 65.61
Norddeutsche Landesbank G 4.00 3/29/2019 EUR 48.38
Rosneft Oil Co PJSC 11.40 12/3/2020 RUB 62.00
La Veggia Finance SPA 7.13 11/14/2004 EUR 1.85
Lehman Brothers Treasury 4.00 7/20/2012 EUR 0.65
Banca Popolare di Vicenza 2.25 8/22/2019 EUR 73.25
Heta Asset Resolution AG 0.27 12/31/2023 EUR 39.25
Svensk Exportkredit AB 0.50 8/28/2020 TRY 66.92
KPNQwest NV 7.13 6/1/2009 EUR 1.00
Araratbank OJSC 7.25 6/27/2018 USD 25.81
Anglian Water Services Fi 0.87 1/26/2057 GBP 74.66
Immigon Portfolioabbau AG 1.26 7/29/2018 EUR 25.00
Araratbank OJSC 7.00 12/2/2017 USD 25.57
VEB-Leasing OAO 8.65 1/16/2024 RUB 62.00
Aralco Finance SA 10.13 5/7/2020 USD 2.28
WGF Westfaelische Grundbe 6.35 8/1/2017 EUR 3.63
City of Kiev Ukraine Via 8.00 11/6/2015 USD 65.38
Rosselkhozbank JSC 14.50 RUB 70.01
Veneto Banca SpA 2.40 4/1/2020 EUR 68.38
Rosneft Oil Co PJSC 9.85 1/18/2021 RUB 60.00
BANIF - Banco Internacion 4.50 1/30/2025 EUR 63.13
Orient Express Bank PJSC 11.70 7/17/2018 RUB 65.01
Atomenergoprom JSC 11.90 6/25/2025 RUB 60.00
KIT Finance Capital OOO 10.50 3/21/2022 RUB 60.06
Agentstvo po Ipotechnomu 11.50 9/25/2018 RUB 70.00
Astana Finance BV 9.00 11/16/2011 USD 16.88
Podkarpacki Bank Spoldzie 5.11 5/28/2023 PLN 62.50
Salvator Grundbesitz-AG 9.50 EUR 19.20
VEB-Leasing OAO 12.50 8/18/2025 RUB 62.00
Vnesheconombank 9.75 8/16/2029 RUB 60.00
Rosneft Oil Co PJSC 11.90 11/28/2024 RUB 101.65
Metalloinvest Holding Co 0.01 3/10/2022 RUB 60.01
Bank Nederlandse Gemeente 0.50 5/12/2021 ZAR 69.70
Lehman Brothers Treasury 4.90 7/28/2020 EUR 0.65
Lehman Brothers Treasury 3.00 6/23/2009 EUR 10.00
Penell GmbH Elektrogrosha 7.75 6/10/2019 EUR 5.51
Svensk Exportkredit AB 0.50 3/28/2029 AUD 69.38
Avangard-Agro OOO 11.50 10/10/2017 RUB 100.00
Russian Post FGUP 9.50 10/18/2019 RUB 100.00
Lehman Brothers Treasury 7.60 1/31/2013 AUD 0.65
COFIDUR SA 0.10 12/31/2024 EUR 20.00
Societe Generale SA 8.00 2/14/2022 USD 9.00
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 1.92
UniCredit Bank AO 9.20 11/20/2018 RUB 60.11
Atomenergoprom JSC 11.10 12/12/2025 RUB 63.55
Freight One JSC 12.00 10/15/2025 RUB 104.80
Russian Railways JSC 9.70 5/22/2046 RUB 60.06
State Transport Leasing C 14.30 12/10/2024 RUB 60.00
Russian Railways JSC 11.65 5/3/2030 RUB 100.00
OBRAZOVANIE AKIB AO 11.00 5/31/2018 RUB 52.21
TPGK-Finance ZAO 12.01 9/30/2021 RUB 100.00
UniCredit Bank Austria AG 0.06 1/24/2031 EUR 69.19
Lehman Brothers Treasury 4.87 10/8/2013 USD 0.65
ECA 2.50 1/1/2018 EUR 12.44
Veneto Banca SpA 2.40 4/2/2020 EUR 68.38
Finans-Avia OOO 0.01 7/31/2027 RUB 20.25
Barclays Bank PLC 2.37 12/27/2028 USD 74.10
Mortgage Agent First St P 8.50 7/15/2041 RUB 59.23
Kaupthing ehf 5.00 1/4/2027 SKK 17.63
Windreich GmbH 6.75 3/1/2015 EUR 10.00
Western High-Speed Diamet 9.84 2/6/2032 RUB 91.61
Pongs & Zahn AG 8.50 EUR 0.20
HSBC Bank PLC 0.50 7/21/2021 BRL 68.41
Bank Nederlandse Gemeente 0.50 9/20/2022 ZAR 61.23
Russian Post FGUP 2.75 12/6/2023 RUB 68.66
Metalloinvest Holding Co 0.01 3/7/2022 RUB 100.00
Rusfinans Bank OOO 11.00 10/2/2019 RUB 61.01
Rusfinans Bank OOO 10.10 11/24/2020 RUB 60.51
Lehman Brothers Treasury 14.90 9/15/2008 EUR 0.65
Kaupthing ehf 7.50 2/1/2045 USD 0.22
Bank Julius Baer & Co Ltd 6.00 7/24/2017 CHF 69.30
Barclays Bank PLC 0.50 4/24/2023 MXN 57.90
Heliocentris Energy Solut 4.00 1/16/2019 EUR 28.46
City of Predeal Romania 1.50 5/15/2026 RON 60.00
Agentstvo po Ipotechnomu 9.20 4/18/2018 RUB 70.00
Bank Nederlandse Gemeente 0.50 6/22/2021 ZAR 68.94
Lehman Brothers Treasury 5.00 5/12/2011 CHF 0.65
BNP Paribas SA 0.50 5/6/2021 MXN 70.40
Lillestroem Sparebank 4.44 NOK 60.99
Mcib Bank LLC 14.50 9/1/2023 RUB 99.00
Immigon Portfolioabbau AG 4.81 7/29/2025 EUR 61.00
MIK OAO 15.00 2/19/2020 RUB 3.00
Freight One JSC 11.80 10/23/2025 RUB 106.00
Metalloinvest Holding Co 0.01 3/7/2022 RUB 60.02
Lehman Brothers Treasury 4.00 4/13/2011 CHF 0.65
Northland Resources AB 15.00 7/15/2019 USD 0.44
SAir Group 2.13 11/4/2004 CHF 13.00
VEB-Leasing OAO 12.50 9/1/2025 RUB 60.06
Rosneft Oil Co PJSC 11.15 12/3/2020 RUB 62.00
Barclays Bank PLC 4.45 5/14/2029 USD 70.00
Bank Nederlandse Gemeente 0.50 8/9/2022 MXN 67.09
Nuova Banca Popolare dell 2.17 5/21/2018 EUR 0.81
Lehman Brothers Treasury 7.60 5/21/2013 USD 0.65
Lehman Brothers Treasury 5.10 6/22/2046 EUR 0.65
SAir Group 4.25 2/2/2007 CHF 13.00
UBS AG/London 5.00 4/22/2017 CHF 72.90
Gazprombank JSC 3.00 4/27/2048 RUB 60.06
EFG International Finance 12.86 10/30/2017 EUR 1.41
Atomenergoprom JSC 9.33 12/3/2026 RUB 60.00
Sankt-Peterburg Telecom O 10.70 1/31/2022 RUB 60.07
ROSSETI PJSC 11.25 11/14/2025 RUB 104.30
BLT Finance BV 7.50 5/15/2014 USD 2.29
Tatfondbank PJSC 13.50 5/28/2025 RUB 1.62
AKB Metallinvestbank PAO 11.00 5/21/2020 RUB 60.00
HSBC Bank PLC 0.50 1/29/2027 NZD 67.18
Lehman Brothers Treasury 0.50 12/20/2017 USD 0.65
Lehman Brothers Treasury 4.15 8/25/2020 EUR 0.65
Nauka-Svyaz OAO 13.50 5/10/2018 RUB 100.00
Western High-Speed Diamet 10.44 5/13/2031 RUB 93.99
Svensk Exportkredit AB 0.50 6/20/2029 AUD 68.78
ENEL RUSSIA PJSC 12.10 5/22/2025 RUB 60.16
Koncessii Teplosnabzheniy 12.50 4/6/2032 RUB 60.03
Lehman Brothers Treasury 8.00 3/19/2012 USD 0.65
Lehman Brothers Treasury 3.00 9/12/2036 JPY 10.00
Bank Julius Baer & Co Ltd 10.25 5/17/2017 CHF 59.35
EFG International Finance 8.99 9/4/2017 EUR 3.34
Immigon Portfolioabbau AG 5.45 8/2/2019 EUR 72.70
Tatfondbank PJSC 6.67 2/3/2026 RUB 1.83
Miratorg-Finans OOO 11.00 8/24/2021 RUB 60.00
Societe Generale SA 0.50 7/6/2021 BRL 68.16
Nuova Banca delle Marche 7.20 6/30/2018 EUR 1.24
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 2.46
TGC-1 PJSC 14.40 12/14/2021 RUB 60.01
Lehman Brothers Treasury 8.25 2/3/2016 EUR 0.65
Lehman Brothers Treasury 0.50 12/20/2017 AUD 0.65
Credit Suisse AG/London 3.00 11/15/2025 ZAR 63.13
UBS AG/London 8.00 5/19/2021 USD 10.00
EFG International Finance 7.20 7/29/2020 EUR 34.34
Bank VTB 24 JSC 9.00 9/1/2044 RUB
Leonteq Securities AG/Gue 29.61 10/26/2017 EUR 30.12
Banca delle Marche SpA 6.00 5/8/2018 EUR 0.70
RGS Nedvizhimost OOO 12.00 10/18/2017 RUB 100.00
Center-Invest Commercial 8.70 11/13/2018 RUB 60.10
Atomenergoprom JSC 9.33 11/2/2026 RUB 60.00
Lehman Brothers Treasury 7.50 5/2/2017 EUR 0.65
Lehman Brothers Treasury 11.00 6/29/2009 EUR 0.65
Lehman Brothers Treasury 13.15 10/30/2008 USD 0.65
Lehman Brothers Treasury 4.60 7/6/2016 EUR 0.65
Lehman Brothers Treasury 8.00 2/16/2016 EUR 0.65
Main Road OJSC 4.30 11/22/2028 RUB 59.01
Municipality Finance PLC 0.50 5/31/2022 ZAR 62.42
Bank Nederlandse Gemeente 0.50 8/15/2022 ZAR 61.89
Kommunekredit 0.50 12/14/2020 ZAR 72.20
Lenenergo PJSC 9.80 7/9/2025 RUB 60.00
Univer Capital LLC 12.00 3/6/2019 RUB 59.00
Svensk Exportkredit AB 0.50 2/22/2022 ZAR 64.23
Driver & Bengsch AG 8.50 12/31/2027 EUR 0.00
DekaBank Deutsche Girozen 0.12 6/23/2034 EUR 72.42
LBI HF 2.25 2/14/2011 CHF 5.88
Lehman Brothers Treasury 4.25 3/13/2021 EUR 0.65
Lehman Brothers Treasury 4.05 9/16/2008 EUR 0.65
Ashinskiy metallurgical w 5.80 6/17/2024 RUB 70.01
Rosselkhozbank JSC 11.35 7/14/2025 RUB 62.00
Vegarshei Sparebank 4.99 NOK 73.62
EFG International Finance 7.20 2/25/2019 EUR 15.51
Banca Monte dei Paschi di 7.00 3/4/2019 EUR 37.21
Credit Suisse AG/London 7.70 8/20/2025 USD 9.89
IFK Soyuz OAO 14.00 7/18/2028 RUB 100.00
Nuova Banca delle Marche 7.75 6/30/2018 EUR 1.24
Lehman Brothers Treasury 4.10 6/10/2014 SGD 9.63
Lehman Brothers Treasury 1.75 2/7/2010 EUR 0.65
Lehman Brothers Treasury 10.44 11/22/2008 CHF 0.65
Province of Brescia Italy 0.14 6/30/2036 EUR 59.07
Bank Nederlandse Gemeente 0.50 9/20/2022 MXN 66.50
LBI HF 7.43 USD 0.00
Lehman Brothers Treasury 6.00 2/19/2023 USD 0.65
Credit Suisse AG/London 0.50 1/8/2026 BRL 45.97
Region of Bihor 1.45 12/15/2027 RON 67.00
Cooperatieve Rabobank UA 0.50 8/21/2028 MXN 39.64
DekaBank Deutsche Girozen 0.01 6/29/2046 EUR 55.42
Exane Finance SA 5.00 12/20/2019 SEK 64.40
Societe Generale Effekten 4.00 6/26/2017 EUR 50.59
Commerzbank AG 1.00 2/19/2020 USD 19.92
Natixis Structured Issuan 11.70 12/8/2023 EUR 47.60
Voss Veksel OG Landmands 8.15 NOK 73.50
KPNQwest NV 8.88 2/1/2008 EUR 1.00
OOO SPV Structural Invest 0.01 9/1/2023 RUB 65.38
Cerruti Finance SA 6.50 7/26/2004 EUR 1.21
Banca delle Marche SpA 6.00 6/12/2018 EUR 0.70
KPNQwest NV 8.88 2/1/2008 EUR 1.00
SUEK Finance 12.50 8/19/2025 RUB 100.00
Synergy PJSC 14.50 5/28/2020 RUB 61.01
Kaupthing ehf 3.75 2/15/2024 ISK 17.63
UBS AG/London 14.50 5/26/2017 CHF 63.55
Transgazservice LLP 10.50 11/8/2019 RUB 0.01
Credit Suisse AG/London 7.86 10/31/2019 USD 10.00
Rinol AG 5.50 10/15/2006 DEM 0.00
UniCredit Bank Austria AG 0.15 1/22/2031 EUR 72.51
Loan Portfolio Securitiza 8.50 12/14/2018 USD 22.45
Eiendomskreditt 4.26 NOK 54.58
Northland Resources AB 12.25 3/26/2016 USD 0.44
Municipality Finance PLC 0.50 11/25/2020 ZAR 72.33
Europlan PJSC 12.50 3/26/2019 RUB 85.01
Svensk Exportkredit AB 0.50 8/25/2021 ZAR 67.50
Lehman Brothers Treasury 7.50 6/15/2017 USD 0.65
SG Issuer SA 6.65 10/10/2021 EUR 70.57
Raiffeisen Versicherung A 2.02 EUR 28.83
Kaupthing ehf 7.63 2/28/2015 USD 17.63
Lehman Brothers Treasury 13.50 6/2/2009 USD 0.65
Lehman Brothers Treasury 2.00 6/28/2011 EUR 0.65
Lehman Brothers Treasury 4.00 11/24/2016 EUR 0.65
Banca Monte dei Paschi di 0.67 1/15/2018 EUR 37.34
Lehman Brothers Treasury 14.90 11/16/2010 EUR 0.65
Araratbank OJSC 7.00 6/18/2019 USD 26.17
UniCredit Bank AG 5.40 6/30/2017 EUR 64.71
Province of Milan Italy 0.03 12/22/2033 EUR 69.06
Nota-Bank OJSC 13.50 4/1/2016 RUB 31.50
Zurcher Kantonalbank Fina 3.80 5/22/2017 EUR 61.99
Bayerische Landesbank 2.40 7/20/2018 EUR 72.69
City of Siret Romania 2.24 3/1/2028 RON 50.00
Communaute Francaise de B 0.50 6/27/2046 EUR 65.53
Agrokompleks OOO 0.10 7/29/2019 RUB 4.51
Leonteq Securities AG/Gue 5.00 1/20/2020 CHF 73.30
Fonciere Volta SA 4.50 7/30/2020 EUR 2.55
Lehman Brothers Treasury 3.60 3/19/2018 JPY 0.65
Credit Suisse AG/Nassau 7.13 6/26/2017 CHF 65.37
RESO-Garantia Insurance P 12.00 9/13/2022 RUB 60.08
Torgovyi Dom Spartak-Kaza 14.00 5/2/2017 RUB 30.03
Absolut Bank PAO 8.55 4/29/2020 RUB 100.00
Espirito Santo Financial 6.88 10/21/2019 EUR 0.05
Svensk Exportkredit AB 0.10 11/20/2019 TRY 72.13
BKZ Finance OAO 17.00 12/20/2019 RUB 99.90
Municipality Finance PLC 0.50 11/17/2020 BRL 74.16
Polski Bank Spoldzielczy 4.81 6/22/2021 PLN
Lehman Brothers Treasury 15.00 3/30/2011 EUR 0.65
Lehman Brothers Treasury 4.69 2/19/2017 EUR 0.65
Lehman Brothers Treasury 5.00 2/28/2032 EUR 0.65
Lehman Brothers Treasury 9.75 6/22/2018 USD 0.65
Lehman Brothers Treasury 12.40 6/12/2009 USD 0.65
Lehman Brothers Treasury 5.00 10/24/2008 CHF 0.65
Lehman Brothers Treasury 7.00 4/14/2009 EUR 0.65
Lehman Brothers Treasury 5.00 11/22/2012 EUR 0.65
Lehman Brothers Treasury 6.00 8/7/2013 EUR 0.65
Petromena ASA 9.75 5/24/2016 NOK 0.59
Province of Rovigo Italy 0.06 12/28/2035 EUR 60.06
Noyabrskaya Pge OOO 8.50 11/10/2020 RUB 60.00
Municipality Finance PLC 0.25 6/28/2040 CAD 30.44
Lehman Brothers Treasury 1.50 10/12/2010 EUR 0.65
HSBC Bank PLC 0.50 12/22/2025 BRL 44.78
SAir Group 2.75 7/30/2004 CHF 13.00
Credit Suisse AG 0.50 12/16/2025 BRL 46.99
First Collection Bureau O 15.00 10/15/2021 RUB 91.10
UniCredit Bank AG 0.41 11/19/2029 EUR 61.88
Sidetur Finance BV 10.00 4/20/2016 USD 5.25
Bank VTB 24 JSC 9.00 9/15/2044 RUB
Vesta ZAO 12.50 12/4/2026 RUB 99.40
Barclays Bank PLC 2.28 8/31/2031 USD 62.89
Lehman Brothers Treasury 3.00 8/13/2011 EUR 0.65
Lehman Brothers Treasury 4.00 3/10/2011 EUR 0.65
Lehman Brothers Treasury 0.50 7/2/2020 EUR 0.65
Lehman Brothers Treasury 0.50 8/1/2020 EUR 0.65
Lehman Brothers Treasury 0.50 12/20/2017 AUD 9.63
Lehman Brothers Treasury 7.00 10/22/2010 EUR 0.65
Lehman Brothers Treasury 4.60 10/11/2017 ILS 10.00
Eiendomskreditt 5.21 NOK 65.13
Nuova Banca Popolare dell 3.50 6/28/2018 EUR 0.78
Indre Sogn Sparebank 5.95 NOK 54.21
NIBC Bank NV 25.98 5/7/2029 EUR 73.45
Portugal Telecom Internat 4.38 3/24/2017 EUR 32.63
Holdikks SAS 6.75 7/15/2021 EUR 56.16
Credit Suisse AG/Nassau 6.38 6/12/2017 EUR 59.89
EFG International Finance 7.19 5/6/2019 EUR 17.15
Notenstein La Roche Priva 6.50 7/2/2018 USD 59.73
Polski Bank Spoldzielczy 5.31 9/14/2027 PLN 56.00
Kubanenergo PJSC 10.44 11/21/2025 RUB 60.00
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 57.62
Rusfinans Bank OOO 9.65 2/26/2021 RUB 60.11
Zapsibcombank PAO 5.00 9/4/2017 RUB 60.00
IT Holding Finance SA 9.88 11/15/2012 EUR 1.37
TransFin-M PAO 13.00 9/3/2025 RUB 100.02
Kubanenergo PJSC 12.63 11/11/2025 RUB 60.00
TGC-1 PJSC 5.80 2/14/2022 RUB 60.01
Societe Generale SA 0.50 8/4/2021 BRL 67.72
Lehman Brothers Treasury 3.40 9/21/2009 HKD 0.65
Lehman Brothers Treasury 6.60 2/22/2012 EUR 0.65
Lehman Brothers Treasury 7.60 3/4/2010 NZD 0.65
Lehman Brothers Treasury 4.35 8/8/2016 SGD 9.63
Lehman Brothers Treasury 6.25 9/5/2011 EUR 0.65
Lehman Brothers Treasury 14.10 11/12/2008 USD 0.65
Bank Julius Baer & Co Ltd 11.30 6/7/2017 CHF 64.35
Lehman Brothers Treasury 16.00 10/8/2008 CHF 0.65
Lehman Brothers Treasury 0.50 12/20/2017 USD 0.65
SAir Group 2.75 7/30/2004 CHF 13.00
Espirito Santo Financial 5.63 7/28/2017 EUR 0.78
Societe Generale SA 0.50 5/30/2023 MXN 61.29
Lehman Brothers Treasury 2.30 4/28/2014 JPY 0.65
LBI HF 5.08 3/1/2013 ISK 5.88
Lehman Brothers Treasury 4.05 9/16/2008 EUR 0.65
Credit Suisse AG/London 8.95 6/6/2017 USD 61.71
Vontobel Financial Produc 3.00 6/13/2017 EUR 52.54
Kommunekredit 0.50 5/11/2029 CAD 71.71
AKB Peresvet ZAO 12.75 7/24/2018 RUB 19.74
Agrokompleks OOO 0.10 12/8/2022 RUB 1.55
AKB Peresvet ZAO 2.41 9/2/2020 RUB 11.34
Zurcher Kantonalbank Fina 8.50 10/16/2017 CHF 70.81
Bayerische Landesbank 2.60 3/29/2018 EUR 70.10
Bayerische Landesbank 3.20 7/27/2018 EUR 68.69
DekaBank Deutsche Girozen 3.00 4/30/2019 EUR 68.11
Bayerische Landesbank 2.90 6/22/2018 EUR 71.05
Bayerische Landesbank 2.70 7/6/2018 EUR 66.75
Bank J Safra Sarasin AG/G 8.00 5/4/2017 CHF 71.82
Notenstein La Roche Priva 4.50 10/31/2018 CHF 74.59
Credit Suisse AG/London 8.00 11/29/2019 USD 7.50
DekaBank Deutsche Girozen 3.45 6/1/2018 EUR 67.03
DekaBank Deutsche Girozen 3.40 4/9/2018 EUR 58.99
BNP Paribas SA 0.50 11/16/2032 MXN 28.94
Agrokor dd 9.13 2/1/2020 EUR 36.15
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 38.64
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 60.82
Lehman Brothers Treasury 8.60 7/31/2013 GBP 0.65
Banca Monte dei Paschi di 5.60 9/9/2020 EUR 36.02
Credit Suisse AG/Nassau 7.25 7/13/2017 CHF 66.00
Espirito Santo Financial 9.75 12/19/2025 EUR 0.52
Credit Agricole Corporate 0.50 3/6/2023 RUB 61.94
ESFIL-Espirito Santo Fina 5.25 6/12/2015 EUR 1.42
Espirito Santo Financial 3.13 12/2/2018 EUR 0.24
UniCredit Bank AO 12.00 11/20/2019 RUB 60.16
Barclays Bank PLC 0.50 3/13/2023 RUB 61.98
Hellas Telecommunications 8.50 10/15/2013 EUR 0.50
HSBC Bank PLC 0.50 2/24/2027 NZD 67.21
Nuova Banca delle Marche 8.00 6/30/2018 EUR 1.24
Lehman Brothers Treasury 10.00 1/3/2012 BRL 0.65
Lehman Brothers Treasury 6.00 12/30/2017 EUR 0.65
Lehman Brothers Treasury 5.20 3/19/2018 EUR 0.65
Lehman Brothers Treasury 6.45 2/20/2010 AUD 0.65
Lehman Brothers Treasury 6.00 10/24/2008 EUR 0.65
Lehman Brothers Treasury 4.95 10/25/2036 EUR 0.65
Lehman Brothers Treasury 6.50 7/24/2026 EUR 0.65
Cassa di Risparmio di San 2.00 6/15/2025 EUR 74.75
SG Issuer SA 5.50 4/10/2021 EUR 66.42
Lehman Brothers Treasury 8.00 4/20/2009 EUR 0.65
Kreditanstalt fuer Wieder 0.25 10/6/2036 CAD 40.85
Lehman Brothers Treasury 3.00 8/15/2017 EUR 0.65
Lehman Brothers Treasury 0.50 12/20/2017 AUD 0.65
Lehman Brothers Treasury 6.50 5/16/2015 EUR 0.65
Lehman Brothers Treasury 3.50 9/29/2017 EUR 0.65
Lehman Brothers Treasury 3.00 8/8/2017 EUR 0.65
Lehman Brothers Treasury 3.50 9/19/2017 EUR 0.65
Lehman Brothers Treasury 4.50 3/7/2015 EUR 0.65
Lehman Brothers Treasury 0.50 12/20/2017 AUD 0.65
Lehman Brothers Treasury 6.30 12/21/2018 USD 0.65
Lehman Brothers Treasury 7.00 2/15/2010 CHF 0.65
State of Saxony-Anhalt 0.30 7/3/2028 EUR 52.00
Gold-Zack AG 7.00 12/14/2005 EUR 12.80
Lehman Brothers Treasury 2.30 6/27/2013 USD 0.65
Lehman Brothers Treasury 2.37 7/15/2013 USD 0.65
Lehman Brothers Treasury 1.95 11/4/2013 EUR 0.65
Lehman Brothers Treasury 4.00 2/28/2010 EUR 0.65
Lehman Brothers Treasury 7.06 12/29/2008 EUR 0.65
Kaupthing ehf 7.00 7/24/2009 ISK 17.63
Lehman Brothers Treasury 6.72 12/29/2008 EUR 0.65
Lehman Brothers Treasury 6.60 2/9/2009 EUR 0.65
Lehman Brothers Treasury 0.75 3/29/2012 EUR 0.65
Lloyds Bank PLC 0.50 7/26/2021 BRL 66.99
Russian Railways JSC 13.90 5/30/2040 RUB
Pierer Industrie AG 5.75 EUR 58.63
Landesbank Baden-Wuerttem 4.20 6/23/2017 EUR 74.38
Rossiysky Capital OJSC 10.50 1/16/2020 RUB 60.11
HSBC Bank PLC 0.50 4/27/2027 NZD 66.63
Lehman Brothers Treasury 7.50 7/31/2013 GBP 0.65
Soyuz AKB OAO 10.50 6/11/2020 RUB 60.00
Transcapitalbank JSC 11.25 5/30/2023 RUB 60.01
YamalStroiInvest 14.25 4/24/2021 RUB 65.70
Lehman Brothers Treasury 0.50 2/16/2009 EUR 0.65
Rusfinans Bank OOO 12.23 10/23/2019 RUB 60.06
IDGC of the South PJSC 13.50 6/8/2020 RUB 60.00
Lehman Brothers Treasury 6.00 5/23/2018 CZK 0.65
Astana Finance BV 7.88 6/8/2010 EUR 16.88
Lehman Brothers Treasury 0.25 10/19/2012 CHF 0.65
Lehman Brothers Treasury 13.50 11/28/2008 USD 0.65
Lehman Brothers Treasury 12.00 7/4/2011 EUR 0.65
Lehman Brothers Treasury 11.00 12/20/2017 AUD 0.65
Kaupthing ehf 7.50 12/5/2014 ISK 17.63
Russian Railways JSC 6.80 5/20/2044 RUB
BNP Paribas Emissions- un 3.00 10/12/2018 EUR 69.93
DekaBank Deutsche Girozen 3.00 5/12/2017 EUR 58.72
EFG International Finance 6.40 4/9/2020 EUR 70.25
State Transport Leasing C 9.03 9/5/2031 RUB 100.00
Societe Generale SA 7.00 10/20/2020 USD 10.70
Notenstein La Roche Priva 8.99 7/22/2019 EUR 34.82
Reso-Leasing OOO 10.50 9/21/2023 RUB 60.01
LizinGarant OOO 12.00 12/11/2017 RUB 100.00
Barclays Bank PLC 1.64 6/3/2041 USD 72.69
HSBC Bank PLC 0.50 10/30/2026 NZD 68.09
Lehman Brothers Treasury 5.25 11/21/2009 USD 0.65
Bank Julius Baer & Co Ltd 11.60 10/11/2017 CHF 69.30
Lehman Brothers Treasury 9.25 6/20/2012 USD 0.65
Lehman Brothers Treasury 3.00 9/13/2010 JPY 10.00
Leonteq Securities AG 7.00 10/19/2017 CHF 73.29
Norddeutsche Landesbank G 3.00 10/30/2018 EUR 61.68
Lehman Brothers Treasury 7.39 5/4/2017 USD 0.65
Lehman Brothers Treasury 4.25 5/15/2010 EUR 0.65
Lehman Brothers Treasury 3.35 10/13/2016 EUR 0.65
Lehman Brothers Treasury 0.80 12/30/2016 EUR 0.65
Lehman Brothers Treasury 4.00 5/30/2010 USD 0.65
Lehman Brothers Treasury 4.00 5/17/2010 USD 0.65
Lehman Brothers Treasury 2.48 5/12/2009 USD 0.65
Lehman Brothers Treasury 2.25 5/12/2009 USD 0.65
Lehman Brothers Treasury 13.00 7/25/2012 EUR 0.65
Lehman Brothers Treasury 10.00 8/2/2037 JPY 0.65
Lehman Brothers Treasury 2.50 8/23/2012 GBP 0.65
Lehman Brothers Treasury 6.00 9/20/2011 EUR 0.65
Lehman Brothers Treasury 18.25 10/2/2008 USD 0.65
Lehman Brothers Treasury 4.00 10/12/2010 USD 0.65
Goldman Sachs & Co Wertpa 16.00 6/21/2017 EUR 71.85
DekaBank Deutsche Girozen 3.50 10/28/2019 EUR 67.58
Bank Julius Baer & Co Ltd 5.50 11/6/2017 CHF 58.75
Goldman Sachs & Co Wertpa 16.00 6/21/2017 EUR 69.63
Societe Generale Effekten 8.47 6/23/2017 EUR 70.70
Societe Generale Effekten 8.81 6/23/2017 EUR 58.03
Societe Generale Effekten 9.62 6/23/2017 EUR 51.17
Societe Generale Effekten 11.68 6/23/2017 EUR 48.20
UBS AG/London 3.81 10/28/2017 USD 59.50
Notenstein La Roche Priva 7.70 5/9/2017 CHF 42.89
Landesbank Baden-Wuerttem 4.00 4/28/2017 EUR 71.79
Landesbank Baden-Wuerttem 5.00 4/28/2017 EUR 68.34
Leonteq Securities AG 7.00 11/6/2017 CHF 44.36
Zurcher Kantonalbank Fina 10.00 5/17/2017 CHF 72.53
DZ Bank AG Deutsche Zentr 8.30 9/22/2017 EUR 59.74
HSBC Trinkaus & Burkhardt 1.75 8/25/2017 EUR 73.05
Zurcher Kantonalbank Fina 12.10 9/6/2017 CHF 69.08
UBS AG/London 6.30 12/29/2017 EUR 66.18
UBS AG/London 16.90 6/30/2017 EUR 73.85
Commerzbank AG 4.00 9/8/2017 EUR 71.88
Lehman Brothers Treasury 6.00 2/14/2012 EUR 0.65
Lehman Brothers Treasury 7.00 2/15/2012 EUR 0.65
Lehman Brothers Treasury 6.00 5/12/2017 EUR 0.65
Lehman Brothers Treasury 4.10 2/19/2010 EUR 0.65
Lehman Brothers Treasury 3.50 10/31/2011 USD 0.65
Lehman Brothers Treasury 3.50 10/24/2011 USD 0.65
Lehman Brothers Treasury 1.68 3/5/2015 EUR 0.65
Lehman Brothers Treasury 9.00 5/15/2022 USD 0.65
Lehman Brothers Treasury 6.75 4/5/2012 EUR 0.65
Lehman Brothers Treasury 5.00 4/24/2017 EUR 0.65
HSBC Bank PLC 0.50 12/8/2026 AUD 70.99
Lehman Brothers Treasury 7.05 4/8/2015 USD 0.65
Lehman Brothers Treasury 7.80 3/31/2018 USD 0.65
Lehman Brothers Treasury 9.50 4/1/2018 USD 0.65
Lehman Brothers Treasury 6.00 3/4/2015 USD 0.65
Lehman Brothers Treasury 3.50 6/20/2011 EUR 0.65
Lehman Brothers Treasury 10.00 10/23/2008 USD 0.65
Lehman Brothers Treasury 6.60 5/23/2012 AUD 0.65
Lehman Brothers Treasury 16.00 10/28/2008 USD 0.65
Upravlenie Otkhodami ZAO 16.90 6/1/2025 RUB 98.84
Lehman Brothers Treasury 5.50 4/23/2014 EUR 0.65
Lehman Brothers Treasury 5.00 2/15/2018 EUR 0.65
Lehman Brothers Treasury 9.00 5/6/2011 CHF 0.65
Lehman Brothers Treasury 16.20 5/14/2009 USD 0.65
Lehman Brothers Treasury 10.60 4/22/2014 MXN 0.65
Lehman Brothers Treasury 16.00 11/9/2008 USD 0.65
Lehman Brothers Treasury 8.00 5/22/2009 USD 0.65
Lehman Brothers Treasury 17.00 6/2/2009 USD 0.65
Lehman Brothers Treasury 7.15 3/21/2013 USD 0.65
Lehman Brothers Treasury 7.50 2/14/2010 AUD 0.65
Lehman Brothers Treasury 10.00 10/22/2008 USD 0.65
Lehman Brothers Treasury 3.45 5/23/2013 USD 0.65
Lehman Brothers Treasury 10.00 5/22/2009 USD 0.65
Lehman Brothers Treasury 4.60 8/1/2013 EUR 0.65
Lehman Brothers Treasury 15.00 6/4/2009 CHF 0.65
Lehman Brothers Treasury 23.30 9/16/2008 USD 0.65
Lehman Brothers Treasury 3.00 6/3/2010 EUR 0.65
Lehman Brothers Treasury 4.50 3/6/2013 CHF 0.65
Lehman Brothers Treasury 4.00 4/24/2009 USD 0.65
Lehman Brothers Treasury 9.00 6/13/2009 USD 0.65
Lehman Brothers Treasury 9.00 3/17/2009 GBP 0.65
Lehman Brothers Treasury 7.00 11/28/2008 CHF 0.65
Lehman Brothers Treasury 7.38 9/20/2008 EUR 0.65
Lehman Brothers Treasury 3.85 4/24/2009 USD 0.65
Lehman Brothers Treasury 7.25 10/6/2008 EUR 0.65
Lehman Brothers Treasury 10.50 8/9/2010 EUR 0.65
Lehman Brothers Treasury 8.00 5/22/2009 USD 0.65
Lehman Brothers Treasury 4.50 7/24/2014 EUR 0.65
Lehman Brothers Treasury 5.75 6/15/2009 CHF 0.65
Lehman Brothers Treasury 7.50 10/24/2008 USD 0.65
Lehman Brothers Treasury 10.00 3/27/2009 USD 0.65
Lehman Brothers Treasury 7.75 1/30/2009 EUR 0.65
Lehman Brothers Treasury 0.25 7/21/2014 EUR 0.65
Lehman Brothers Treasury 8.00 8/3/2009 USD 0.65
Lehman Brothers Treasury 5.50 6/15/2009 CHF 0.65
Lehman Brothers Treasury 1.50 10/25/2011 EUR 0.65
Lehman Brothers Treasury 2.50 12/15/2011 GBP 0.65
Lehman Brothers Treasury 11.00 12/19/2011 USD 0.65
Lehman Brothers Treasury 0.50 6/2/2020 EUR 0.65
Lehman Brothers Treasury 11.00 7/4/2011 CHF 0.65
Lehman Brothers Treasury 16.00 12/26/2008 USD 0.65
Lehman Brothers Treasury 13.43 1/8/2009 ILS 0.65
Lehman Brothers Treasury 7.75 1/3/2012 AUD 0.65
Lehman Brothers Treasury 3.10 6/4/2010 USD 0.65
Lehman Brothers Treasury 5.25 7/8/2014 EUR 0.65
Lehman Brothers Treasury 2.30 6/6/2013 USD 0.65
Lehman Brothers Treasury 11.00 5/9/2020 USD 0.65
Lehman Brothers Treasury 4.30 6/4/2012 USD 0.65
Lehman Brothers Treasury 4.00 6/5/2011 USD 0.65
Lehman Brothers Treasury 10.00 6/17/2009 USD 0.65
Lehman Brothers Treasury 11.00 7/4/2011 USD 0.65
Lehman Brothers Treasury 5.50 7/8/2013 EUR 0.65
Lehman Brothers Treasury 2.50 8/15/2012 CHF 0.65
Lehman Brothers Treasury 16.80 8/21/2009 USD 0.65
Lehman Brothers Treasury 4.00 8/11/2010 USD 10.00
Lehman Brothers Treasury 7.50 5/30/2010 AUD 0.65
Lehman Brothers Treasury 6.70 4/21/2011 USD 0.65
Lehman Brothers Treasury 8.00 12/27/2032 JPY 0.65
Lehman Brothers Treasury 1.50 2/8/2012 CHF 0.65
Lehman Brothers Treasury 2.00 11/16/2009 EUR 0.65
Lehman Brothers Treasury 3.70 6/6/2009 EUR 0.65
Lehman Brothers Treasury 8.50 7/6/2009 CHF 0.65
Lehman Brothers Treasury 7.50 9/13/2009 CHF 0.65
Lehman Brothers Treasury 4.50 8/2/2009 USD 0.65
DZ Bank AG Deutsche Zentr 11.50 6/23/2017 EUR 54.61
Commerzbank AG 10.25 5/25/2017 EUR 66.58
Commerzbank AG 13.25 5/25/2017 EUR 59.61
Commerzbank AG 17.00 5/25/2017 EUR 54.17
HSBC Trinkaus & Burkhardt 7.90 9/22/2017 EUR 65.17
HSBC Trinkaus & Burkhardt 5.40 9/22/2017 EUR 70.45
BNP Paribas Emissions- un 5.00 10/26/2017 EUR 71.06
BNP Paribas Emissions- un 5.00 12/21/2017 EUR 71.21
BNP Paribas Emissions- un 6.00 12/21/2017 EUR 68.74
BNP Paribas Emissions- un 9.00 12/21/2017 EUR 65.16
HSBC Trinkaus & Burkhardt 9.20 6/23/2017 EUR 72.28
BNP Paribas Emissions- un 16.00 9/21/2017 EUR 56.83
BNP Paribas Emissions- un 6.00 10/26/2017 EUR 67.98
BNP Paribas Emissions- un 9.00 10/26/2017 EUR 64.06
BNP Paribas Emissions- un 13.00 10/26/2017 EUR 58.87
BNP Paribas Emissions- un 13.00 12/21/2017 EUR 58.97
BNP Paribas Emissions- un 16.00 6/22/2017 EUR 55.29
BNP Paribas Emissions- un 19.00 6/22/2017 EUR 53.49
BNP Paribas Emissions- un 6.00 9/21/2017 EUR 67.37
BNP Paribas Emissions- un 9.00 9/21/2017 EUR 62.88
BNP Paribas Emissions- un 13.00 9/21/2017 EUR 57.77
BNP Paribas Emissions- un 22.00 6/22/2017 EUR 70.74
BNP Paribas Emissions- un 19.00 9/21/2017 EUR 73.83
BNP Paribas Emissions- un 8.00 6/22/2017 EUR 66.63
BNP Paribas Emissions- un 5.00 9/21/2017 EUR 70.20
Bank Julius Baer & Co Ltd 11.85 8/30/2017 CHF 70.20
Lehman Brothers Treasury 6.00 3/17/2011 EUR 0.65
Lehman Brothers Treasury 4.70 3/23/2016 EUR 0.65
Lehman Brothers Treasury 4.70 3/23/2016 EUR 0.65
Lehman Brothers Treasury 7.75 2/21/2016 EUR 0.65
Lehman Brothers Treasury 6.00 7/28/2010 EUR 0.65
Lehman Brothers Treasury 6.00 12/6/2016 USD 0.65
Lehman Brothers Treasury 7.25 6/20/2010 USD 0.65
Lehman Brothers Treasury 10.00 1/4/2010 USD 0.65
Lehman Brothers Treasury 4.10 8/23/2010 USD 0.65
Lehman Brothers Treasury 5.12 4/30/2027 EUR 0.65
Lehman Brothers Treasury 5.50 11/30/2012 CZK 0.65
Lehman Brothers Treasury 2.50 11/9/2011 CHF 0.65
Lehman Brothers Treasury 8.80 12/27/2009 EUR 0.65
Lehman Brothers Treasury 4.00 1/4/2011 USD 0.65
Lehman Brothers Treasury 0.50 12/20/2017 AUD 0.65
Lehman Brothers Treasury 9.30 12/21/2010 EUR 0.65
Lehman Brothers Treasury 0.50 12/20/2017 USD 0.65
Lehman Brothers Treasury 0.50 12/20/2017 USD 0.65
HSBC Trinkaus & Burkhardt 8.40 9/22/2017 EUR 60.05
Lehman Brothers Treasury 6.00 7/28/2010 EUR 0.65
Lehman Brothers Treasury 7.50 8/1/2035 EUR 0.65
Lehman Brothers Treasury 5.00 9/1/2011 EUR 0.65
Lehman Brothers Treasury 4.68 12/12/2045 EUR 0.65
Lehman Brothers Treasury 13.00 12/14/2012 USD 0.65
Lehman Brothers Treasury 4.82 12/18/2036 EUR 0.65
Lehman Brothers Treasury 4.50 12/30/2010 USD 0.65
Lehman Brothers Treasury 7.00 7/11/2010 EUR 0.65
Lehman Brothers Treasury 4.80 11/16/2012 HKD 0.65
Lehman Brothers Treasury 5.25 4/1/2023 EUR 0.65
Lehman Brothers Treasury 5.00 8/1/2025 EUR 0.65
Lehman Brothers Treasury 6.00 10/30/2012 USD 0.65
Lehman Brothers Treasury 3.00 12/3/2012 EUR 0.65
Lehman Brothers Treasury 11.00 12/20/2017 AUD 0.65
Lehman Brothers Treasury 8.00 12/31/2010 USD 0.65
UBS AG/London 6.00 10/5/2017 CHF 51.00
Commerzbank AG 12.50 4/26/2017 EUR 48.55
Araratbank OJSC 8.00 6/10/2018 USD 26.09
ECM Real Estate Investmen 5.00 10/9/2011 EUR 10.38
Lehman Brothers Treasury 8.00 10/23/2008 USD 0.65
Lehman Brothers Treasury 12.22 11/21/2017 USD 0.65
Lehman Brothers Treasury 3.50 12/20/2027 USD 0.65
Lehman Brothers Treasury 5.38 2/4/2014 USD 0.65
Lehman Brothers Treasury 10.00 2/16/2009 CHF 0.65
Lehman Brothers Treasury 13.00 2/16/2009 CHF 0.65
City of Targu-Mures Roman 0.75 8/15/2027 RON 67.00
Promnefteservis OOO 10.50 11/21/2019 RUB 0.80
Lehman Brothers Treasury 8.00 3/21/2018 USD 0.65
Lehman Brothers Treasury 8.00 10/17/2014 EUR 0.65
Lehman Brothers Treasury 11.00 2/16/2009 CHF 0.65
Lehman Brothers Treasury 6.25 11/30/2012 EUR 0.65
Lehman Brothers Treasury 1.00 2/26/2010 USD 0.65
Lehman Brothers Treasury 11.75 3/1/2010 EUR 0.65
HSBC Trinkaus & Burkhardt 9.60 6/23/2017 EUR 53.66
HSBC Trinkaus & Burkhardt 2.50 9/22/2017 EUR 70.98
Leonteq Securities AG 10.20 10/24/2018 EUR 67.57
UniCredit Bank AG 5.00 6/22/2017 EUR 71.21
UniCredit Bank AG 4.80 6/22/2017 EUR 73.42
DZ Bank AG Deutsche Zentr 9.20 6/23/2017 EUR 72.19
Bank Julius Baer & Co Ltd 8.15 5/17/2017 CHF 71.15
Vontobel Financial Produc 3.00 5/26/2017 CHF 74.86
HSBC Trinkaus & Burkhardt 11.70 6/23/2017 EUR 61.34
HSBC Trinkaus & Burkhardt 8.70 6/23/2017 EUR 68.38
UniCredit Bank AG 4.80 6/22/2017 EUR 72.64
HSBC Trinkaus & Burkhardt 6.50 1/29/2018 EUR 66.97
Vontobel Financial Produc 11.00 6/9/2017 EUR 74.13
Credit Suisse AG/Nassau 7.25 6/14/2017 CHF 63.49
Deutsche Bank AG 5.20 7/26/2017 EUR 73.20
Deutsche Bank AG 5.20 7/26/2017 EUR 68.80
Zurcher Kantonalbank Fina 4.75 12/11/2017 CHF 70.73
Deutsche Bank AG 7.20 7/26/2017 EUR 73.80
Deutsche Bank AG 9.20 7/26/2017 EUR 74.40
Deutsche Bank AG 7.20 7/26/2017 EUR 69.40
Deutsche Bank AG 9.20 7/26/2017 EUR 69.90
UniCredit Bank AG 5.00 6/22/2017 EUR 70.45
UniCredit Bank AG 4.60 6/22/2017 EUR 74.97
UniCredit Bank AG 5.00 6/22/2017 EUR 71.92
UniCredit Bank AG 4.80 6/22/2017 EUR 74.23
HSBC Trinkaus & Burkhardt 13.40 9/22/2017 EUR 72.19
HSBC Trinkaus & Burkhardt 11.00 8/25/2017 EUR 73.95
Vontobel Financial Produc 14.00 12/22/2017 EUR 74.32
Commerzbank AG 11.50 7/26/2017 EUR 56.55
UBS AG/London 6.40 12/8/2017 EUR 63.22
UBS AG/London 9.60 12/8/2017 EUR 58.41
Landesbank Hessen-Thuerin 5.00 10/17/2017 EUR 65.65
Goldman Sachs & Co Wertpa 10.00 6/21/2017 EUR 66.98
Goldman Sachs & Co Wertpa 11.00 6/21/2017 EUR 67.15
Goldman Sachs & Co Wertpa 10.00 6/21/2017 EUR 71.32
Goldman Sachs & Co Wertpa 11.00 6/21/2017 EUR 71.50
Landesbank Baden-Wuerttem 6.00 9/22/2017 EUR 72.69
Landesbank Baden-Wuerttem 3.00 9/22/2017 EUR 74.76
Leonteq Securities AG 6.00 10/12/2017 CHF 61.87
UniCredit Bank AG 4.50 9/19/2017 EUR 59.08
Landesbank Hessen-Thuerin 4.50 11/28/2017 EUR 66.62
Lloyds Bank PLC 0.50 7/26/2028 MXN 43.74
AKB Derzhava OJSC 11.25 7/10/2023 RUB 90.00
HSBC Bank PLC 0.50 6/9/2023 MXN 61.16
Credit Suisse AG/London 8.00 11/2/2018 USD 10.03
Bank Julius Baer & Co Ltd 12.15 11/8/2017 CHF 71.90
Goldman Sachs & Co Wertpa 16.00 6/21/2017 EUR 69.13
Goldman Sachs & Co Wertpa 15.00 9/20/2017 EUR 72.86
HSBC Bank PLC 0.50 11/25/2025 BRL 42.85
HSBC Trinkaus & Burkhardt 7.00 6/23/2017 EUR 70.94
Municipality Finance PLC 0.50 12/15/2020 BRL 73.70
Zurcher Kantonalbank Fina 10.00 6/8/2017 CHF 73.06
Deutsche Bank AG 5.20 6/20/2017 EUR 73.60
Deutsche Bank AG 7.20 6/20/2017 EUR 74.00
Deutsche Bank AG 7.20 6/20/2017 EUR 68.20
HSBC Trinkaus & Burkhardt 2.80 9/22/2017 EUR 74.84
DZ Bank AG Deutsche Zentr 5.60 9/8/2017 EUR 71.15
Bayerische Landesbank 2.60 10/19/2018 EUR 63.60
Union Technologies Inform 0.10 1/1/2020 EUR 5.30
Lehman Brothers Treasury 8.05 12/20/2010 HKD 0.65
Goldman Sachs & Co Wertpa 14.00 6/21/2017 EUR 68.79
Goldman Sachs & Co Wertpa 8.00 6/21/2017 EUR 74.25
Goldman Sachs & Co Wertpa 10.00 6/21/2017 EUR 68.59
Goldman Sachs & Co Wertpa 13.00 6/21/2017 EUR 59.59
Goldman Sachs & Co Wertpa 12.00 6/21/2017 EUR 71.16
Goldman Sachs & Co Wertpa 6.00 6/21/2017 EUR
Goldman Sachs & Co Wertpa 7.00 6/21/2017 EUR 65.24
Goldman Sachs & Co Wertpa 8.00 6/21/2017 EUR
Goldman Sachs & Co Wertpa 10.00 6/21/2017 EUR 57.24
Goldman Sachs & Co Wertpa 13.00 6/21/2017 EUR 51.24
Goldman Sachs & Co Wertpa 13.00 6/21/2017 EUR 70.66
Goldman Sachs & Co Wertpa 5.00 6/21/2017 EUR 72.46
UBS AG/London 9.25 6/26/2017 CHF 68.80
UBS AG/London 7.00 6/26/2017 EUR 62.15
Landesbank Baden-Wuerttem 3.70 7/27/2018 EUR 69.96
UBS AG/London 9.40 6/30/2017 EUR 41.60
EFG International Finance 7.20 6/26/2017 GBP 6.03
Zurcher Kantonalbank Fina 8.50 7/17/2017 CHF 57.81
Zurcher Kantonalbank Fina 9.00 7/17/2017 EUR 68.86
UBS AG/London 7.50 7/3/2017 EUR 59.60
Banque Cantonale Vaudoise 7.25 7/3/2017 CHF 54.21
Goldman Sachs & Co Wertpa 11.00 6/21/2017 EUR 67.16
Goldman Sachs & Co Wertpa 10.00 6/21/2017 EUR 71.33
DekaBank Deutsche Girozen 2.50 7/14/2017 EUR 74.42
UBS AG/London 6.25 7/24/2017 CHF 73.05
Landesbank Baden-Wuerttem 2.60 8/23/2019 EUR 68.69
Zurcher Kantonalbank Fina 5.00 7/27/2017 CHF 74.32
Kaupthing ehf 6.50 10/8/2010 ISK 17.63
Lehman Brothers Treasury 5.22 3/1/2024 EUR 0.65
Oberoesterreichische Land 0.30 4/25/2042 EUR 36.88
Lehman Brothers Treasury 8.88 1/28/2011 HKD 9.63
LBI HF 8.65 5/1/2011 ISK 5.88
Lehman Brothers Treasury 5.00 3/13/2009 EUR 0.65
Lehman Brothers Treasury 7.63 7/22/2011 HKD 0.65
Erste Group Bank AG 9.25 6/29/2017 EUR 51.85
HSBC Trinkaus & Burkhardt 9.60 6/23/2017 EUR 56.03
Commerzbank AG 12.00 5/24/2017 EUR 48.16
HSBC Trinkaus & Burkhardt 4.30 6/23/2017 EUR 69.35
Landesbank Hessen-Thuerin 4.00 4/8/2019 EUR 60.83
UniCredit Bank AG 4.60 7/2/2018 EUR 60.04
Leonteq Securities AG 7.00 9/20/2017 CHF 71.40
Commerzbank AG 5.80 10/8/2017 EUR 69.39
Notenstein La Roche Priva 4.50 3/27/2018 EUR 56.09
Leonteq Securities AG 3.50 4/10/2018 EUR 55.14
DekaBank Deutsche Girozen 2.70 3/16/2018 EUR 70.57
Lehman Brothers Treasury 4.10 5/20/2009 USD 0.65
Lehman Brothers Treasury 2.00 5/17/2010 EUR 0.65
Lehman Brothers Treasury 3.82 10/20/2009 USD 0.65
Lehman Brothers Treasury 2.75 10/28/2009 EUR 0.65
Lehman Brothers Treasury 3.63 3/2/2012 EUR 0.65
UBS AG/London 17.90 6/30/2017 EUR 72.29
UBS AG/London 14.30 9/29/2017 EUR 74.99
HSBC Trinkaus & Burkhardt 4.80 9/22/2017 EUR 66.88
HSBC Trinkaus & Burkhardt 3.00 9/22/2017 EUR 73.02
HSBC Trinkaus & Burkhardt 8.20 9/22/2017 EUR 72.95
Raiffeisen Switzerland BV 3.50 8/25/2017 CHF 72.57
Vontobel Financial Produc 11.75 6/9/2017 EUR 65.75
Commerzbank AG 15.50 9/20/2017 EUR 72.77
Commerzbank AG 13.50 12/20/2017 EUR 74.67
Commerzbank AG 8.00 7/14/2021 USD
Landesbank Baden-Wuerttem 2.90 7/27/2018 EUR 69.25
Zurcher Kantonalbank Fina 11.25 4/26/2017 CHF 51.22
National Developing Co PA 16.00 4/15/2021 RUB 100.05
Goldman Sachs & Co Wertpa 7.00 6/21/2017 EUR 74.08
Vontobel Financial Produc 4.65 7/24/2017 EUR 65.30
BNP Paribas Emissions- un 3.50 7/27/2017 EUR 74.85
UBS AG/London 7.00 7/17/2017 CHF 54.10
Notenstein La Roche Priva 4.00 7/24/2019 CHF 73.99
Notenstein La Roche Priva 6.70 7/24/2017 EUR 67.44
Raiffeisen-Landesbank Tir 2.50 9/2/2024 EUR 71.69
Credit Suisse AG/London 10.50 7/25/2017 USD 62.10
Leonteq Securities AG 20.00 10/25/2017 CHF 74.49
Credit Suisse AG/London 10.50 7/25/2017 USD 74.20
Landesbank Baden-Wuerttem 3.40 9/28/2018 EUR 72.62
Notenstein La Roche Priva 7.00 8/11/2017 CHF 71.99
DZ Bank AG Deutsche Zentr 3.45 8/25/2017 EUR 70.75
DekaBank Deutsche Girozen 2.80 7/22/2019 EUR 71.34
Goldman Sachs & Co Wertpa 15.00 6/21/2017 EUR 69.46
Goldman Sachs & Co Wertpa 14.00 9/20/2017 EUR 72.75
Goldman Sachs & Co Wertpa 10.00 6/21/2017 EUR 65.76
Goldman Sachs & Co Wertpa 14.00 6/21/2017 EUR
Goldman Sachs & Co Wertpa 10.00 9/20/2017 EUR
Goldman Sachs & Co Wertpa 12.00 9/20/2017 EUR 62.59
Goldman Sachs & Co Wertpa 12.00 9/20/2017 EUR 60.67
Goldman Sachs & Co Wertpa 14.00 9/20/2017 EUR 74.13
Deutsche Bank AG 4.20 11/22/2017 EUR 74.50
Deutsche Bank AG 3.20 11/22/2017 EUR 71.10
Deutsche Bank AG 3.20 11/22/2017 EUR 73.30
Deutsche Bank AG 3.20 11/22/2017 EUR 69.00
DekaBank Deutsche Girozen 3.10 8/4/2017 EUR 53.31
Bayerische Landesbank 2.50 8/31/2018 EUR 74.33
Goldman Sachs & Co Wertpa 9.00 6/21/2017 EUR
Goldman Sachs & Co Wertpa 12.00 6/21/2017 EUR 48.35
Landesbank Baden-Wuerttem 4.50 8/25/2017 EUR 72.22
Landesbank Baden-Wuerttem 5.00 8/25/2017 EUR 71.93
Landesbank Baden-Wuerttem 3.00 8/25/2017 EUR 73.68
Barclays Bank PLC 0.50 3/19/2021 MXN 71.11
Leonteq Securities AG 5.00 9/4/2018 CHF 57.59
Leonteq Securities AG 5.60 9/4/2017 CHF 69.31
Leonteq Securities AG 6.77 8/17/2017 CHF 55.71
Leonteq Securities AG 5.40 8/28/2017 CHF 56.49
Zurcher Kantonalbank Fina 5.80 8/21/2017 CHF 73.70
Banque Cantonale Vaudoise 5.36 8/25/2017 CHF 74.27
Leonteq Securities AG 5.60 9/11/2017 CHF 57.04
LZMO SA 8.50 6/30/2017 PLN 30.00
UBS AG/London 9.50 9/4/2017 CHF 20.35
DekaBank Deutsche Girozen 2.75 6/28/2019 EUR 74.52
Goldman Sachs & Co Wertpa 9.00 9/20/2017 EUR 67.70
HSBC Trinkaus & Burkhardt 9.50 6/23/2017 EUR 58.37
HSBC Trinkaus & Burkhardt 3.00 6/23/2017 EUR 74.94
Commerzbank AG 4.00 7/19/2017 EUR 54.55
Bank Julius Baer & Co Ltd 7.85 7/28/2017 USD 46.85
UBS AG/London 14.50 7/20/2017 USD 64.30
Bank Julius Baer & Co Ltd 23.00 8/4/2017 USD 47.35
Commerzbank AG 7.00 7/27/2017 EUR 65.27
Commerzbank AG 10.25 7/27/2017 EUR 59.18
Commerzbank AG 14.25 7/27/2017 EUR 54.68
Credit Suisse AG/Nassau 7.00 8/7/2017 CHF 74.79
Landesbank Baden-Wuerttem 3.00 8/25/2017 EUR 66.43
Landesbank Baden-Wuerttem 4.00 8/25/2017 EUR 62.31
Landesbank Baden-Wuerttem 5.00 8/25/2017 EUR 59.14
Landesbank Baden-Wuerttem 4.00 8/25/2017 EUR 71.65
Vontobel Financial Produc 8.35 5/26/2017 USD 65.90
BNP Paribas Emissions- un 15.00 12/21/2017 EUR 64.33
BNP Paribas Emissions- un 16.00 12/21/2017 EUR 61.41
BNP Paribas Emissions- un 18.00 12/21/2017 EUR 59.80
BNP Paribas Emissions- un 19.00 12/21/2017 EUR 58.58
BNP Paribas Emissions- un 9.00 6/22/2017 EUR 70.30
BNP Paribas Emissions- un 16.00 6/22/2017 EUR 57.47
BNP Paribas Emissions- un 12.00 12/21/2017 EUR 67.18
BNP Paribas Emissions- un 9.00 9/21/2017 EUR 72.23
BNP Paribas Emissions- un 10.00 9/21/2017 EUR 69.35
BNP Paribas Emissions- un 12.00 9/21/2017 EUR 64.40
BNP Paribas Emissions- un 16.00 9/21/2017 EUR 58.83
BNP Paribas Emissions- un 9.00 12/21/2017 EUR 73.90
BNP Paribas Emissions- un 10.00 12/21/2017 EUR 71.43
Bank Julius Baer & Co Ltd 14.40 11/2/2017 CHF 71.50
UBS AG/London 7.00 9/22/2017 EUR 68.13
HSBC Bank PLC 0.50 4/11/2023 MXN 62.03
UBS AG/London 11.60 12/29/2017 EUR 60.41
UBS AG/London 13.00 9/27/2017 EUR 58.14
UBS AG/London 5.30 12/29/2017 EUR 68.39
HSBC Trinkaus & Burkhardt 5.50 6/23/2017 EUR 66.14
Landesbank Baden-Wuerttem 3.25 1/26/2018 EUR 64.70
Landesbank Hessen-Thuerin 4.00 1/16/2018 EUR 60.56
EFG International Finance 6.48 5/29/2018 EUR 7.57
Leonteq Securities AG/Gue 5.00 12/27/2019 EUR 69.93
Landesbank Baden-Wuerttem 3.00 2/23/2018 EUR 64.70
Landesbank Baden-Wuerttem 3.55 6/23/2017 EUR 74.48
UniCredit Bank AG 5.00 6/25/2019 EUR 61.66
Landesbank Hessen-Thuerin 5.00 3/27/2019 EUR 65.73
Leonteq Securities AG 5.00 5/7/2019 CHF 72.65
Landesbank Baden-Wuerttem 3.25 8/25/2017 EUR 66.27
Bayerische Landesbank 2.70 7/27/2018 EUR 70.58
Landesbank Baden-Wuerttem 3.00 6/28/2019 EUR 70.61
Commerzbank AG 7.24 4/27/2017 EUR 54.13
Commerzbank AG 4.40 4/29/2019 EUR 73.84
DekaBank Deutsche Girozen 2.60 4/21/2017 EUR 56.27
Landesbank Hessen-Thuerin 4.00 6/5/2019 EUR 72.15
DekaBank Deutsche Girozen 2.75 10/29/2018 EUR 58.84
Credit Suisse AG/London 8.00 5/21/2025 USD
Landesbank Baden-Wuerttem 4.00 6/22/2018 EUR 67.53
Landesbank Baden-Wuerttem 3.60 6/22/2018 EUR 63.12
UBS AG 7.40 5/17/2021 CHF 67.69
Notenstein La Roche Priva 4.20 5/22/2019 CHF 74.14
Notenstein La Roche Priva 4.50 5/22/2018 CHF 73.33
Landesbank Baden-Wuerttem 3.00 7/26/2019 EUR 72.83
DekaBank Deutsche Girozen 2.80 5/13/2019 EUR 62.84
Bayerische Landesbank 2.70 6/22/2018 EUR 70.98
Royal Bank of Scotland PL 6.20 9/7/2018 GBP 1.07
Royal Bank of Scotland PL 1.33 10/26/2018 GBP 1.06
Landesbank Hessen-Thuerin 4.00 4/30/2019 EUR 72.10
Notenstein La Roche Priva 4.80 4/20/2017 CHF 72.55
Leonteq Securities AG 7.20 4/24/2017 EUR 57.33
Landesbank Baden-Wuerttem 3.00 10/27/2017 EUR 69.59
Landesbank Baden-Wuerttem 5.00 10/27/2017 EUR 65.96
Landesbank Baden-Wuerttem 3.00 7/28/2017 EUR 74.84
Landesbank Baden-Wuerttem 3.25 7/28/2017 EUR 68.04
Landesbank Baden-Wuerttem 3.00 6/23/2017 EUR 70.95
Landesbank Baden-Wuerttem 3.70 8/25/2017 EUR 74.15
Landesbank Baden-Wuerttem 3.55 8/25/2017 EUR 56.15
Landesbank Baden-Wuerttem 3.75 9/22/2017 EUR 54.77
Landesbank Baden-Wuerttem 3.90 9/22/2017 EUR 53.35
Landesbank Baden-Wuerttem 3.20 9/22/2017 EUR 63.14
Landesbank Baden-Wuerttem 3.50 11/24/2017 EUR 74.20
Landesbank Baden-Wuerttem 3.40 11/24/2017 EUR 57.38
Landesbank Baden-Wuerttem 4.50 3/23/2018 EUR 73.16
Landesbank Baden-Wuerttem 2.50 6/28/2019 EUR 66.98
Landesbank Baden-Wuerttem 3.50 6/22/2018 EUR 62.47
Landesbank Baden-Wuerttem 4.00 8/25/2017 EUR 54.22
Landesbank Baden-Wuerttem 3.00 1/4/2019 EUR 69.09
Notenstein La Roche Priva 4.20 4/10/2018 EUR 57.13
Raiffeisen Switzerland BV 9.00 4/1/2019 EUR 23.80
Bayerische Landesbank 2.70 7/6/2018 EUR 65.83
Zurcher Kantonalbank Fina 6.50 4/10/2018 CHF 59.05
Credit Suisse AG/Nassau 4.25 4/24/2017 CHF 74.03
UBS AG/London 6.25 4/18/2017 CHF 53.25
Landesbank Baden-Wuerttem 3.40 6/22/2018 EUR 70.74
Landesbank Baden-Wuerttem 4.20 6/23/2017 EUR 57.57
Landesbank Baden-Wuerttem 5.00 10/27/2017 EUR 61.43
Landesbank Baden-Wuerttem 4.00 10/27/2017 EUR 65.50
Landesbank Baden-Wuerttem 3.60 9/22/2017 EUR 70.80
Landesbank Baden-Wuerttem 4.60 6/23/2017 EUR 72.82
Landesbank Baden-Wuerttem 3.90 7/28/2017 EUR 64.04
Landesbank Baden-Wuerttem 3.70 9/22/2017 EUR 67.75
Landesbank Baden-Wuerttem 3.00 6/22/2018 EUR 72.91
Landesbank Baden-Wuerttem 3.40 6/23/2017 EUR 69.23
Landesbank Baden-Wuerttem 3.85 10/27/2017 EUR 60.48
Landesbank Baden-Wuerttem 3.00 11/24/2017 EUR 70.85
Landesbank Baden-Wuerttem 3.00 6/28/2019 EUR 66.48
Landesbank Baden-Wuerttem 3.00 6/28/2019 EUR 69.77
Landesbank Baden-Wuerttem 3.00 9/28/2018 EUR 62.07
Landesbank Baden-Wuerttem 3.75 10/27/2017 EUR 62.09
UBS AG/London 7.00 5/22/2017 CHF 58.45
UBS AG/London 8.00 5/26/2017 EUR 56.55
Leonteq Securities AG 9.92 5/29/2017 EUR 58.16
BNP Paribas Emissions- un 3.25 11/24/2017 EUR 69.94
Landesbank Baden-Wuerttem 3.50 7/27/2018 EUR 67.81
Landesbank Baden-Wuerttem 3.40 7/27/2018 EUR 66.28
UBS AG/London 5.75 6/6/2017 CHF 74.70
Landesbank Baden-Wuerttem 5.50 6/23/2017 EUR 70.17
Landesbank Baden-Wuerttem 2.50 6/23/2017 EUR 74.77
Landesbank Baden-Wuerttem 4.00 6/23/2017 EUR 67.15
Landesbank Baden-Wuerttem 5.50 6/23/2017 EUR 61.87
Landesbank Baden-Wuerttem 3.50 6/23/2017 EUR 71.80
Landesbank Baden-Wuerttem 4.50 6/23/2017 EUR 68.08
Landesbank Baden-Wuerttem 5.50 6/23/2017 EUR 74.83
Landesbank Baden-Wuerttem 3.00 6/23/2017 EUR 68.55
Landesbank Baden-Wuerttem 4.00 6/23/2017 EUR 64.52
Landesbank Baden-Wuerttem 5.00 6/23/2017 EUR 61.13
Landesbank Baden-Wuerttem 6.00 6/23/2017 EUR 58.44
Bayerische Landesbank 2.70 7/13/2018 EUR 69.49
UniCredit Bank AG 3.80 7/23/2020 EUR 67.26
Leonteq Securities AG 3.00 7/8/2019 CHF 74.29
UniCredit Bank AG 4.40 7/13/2018 EUR 66.78
Notenstein La Roche Priva 6.50 6/26/2017 EUR 64.34
Norddeutsche Landesbank G 3.00 7/16/2018 EUR 69.27
Landesbank Baden-Wuerttem 3.00 7/26/2019 EUR 73.84
Leonteq Securities AG 8.00 4/24/2017 USD 69.57
DekaBank Deutsche Girozen 3.25 4/20/2018 EUR 59.12
Leonteq Securities AG 6.00 5/4/2017 CHF 74.90
Bank Julius Baer & Co Ltd 6.00 5/2/2017 CHF 72.70
Notenstein La Roche Priva 4.00 5/8/2018 CHF 61.80
UniCredit Bank AG 5.00 7/30/2018 EUR 70.82
UniCredit Bank AG 4.00 6/26/2018 EUR 63.51
UniCredit Bank AG 4.60 6/30/2017 EUR 52.10
Leonteq Securities AG 3.00 9/19/2019 CHF 51.55
DekaBank Deutsche Girozen 7.15 10/27/2017 EUR 61.46
Notenstein La Roche Priva 3.00 9/22/2020 CHF 64.88
UniCredit Bank AG 3.50 1/29/2020 EUR 74.85
EFG International Finance 7.00 11/27/2019 EUR 18.85
Goldman Sachs Internation 1.00 12/5/2017 SEK 18.10
Commerzbank AG 20.00 5/28/2018 SEK 61.25
Landesbank Baden-Wuerttem 3.25 12/22/2017 EUR 69.49
Landesbank Baden-Wuerttem 3.85 8/25/2017 EUR 65.39
Landesbank Baden-Wuerttem 3.15 6/22/2018 EUR 66.25
UniCredit Bank AG 4.40 9/19/2018 EUR 70.85
UBS AG 9.50 12/22/2017 EUR 57.42
UBS AG 7.00 12/22/2017 EUR 71.52
UBS AG 5.25 12/22/2017 EUR 62.00
UBS AG 8.25 12/22/2017 EUR 63.23
UBS AG 11.75 12/22/2017 EUR 48.63
UBS AG 7.75 12/22/2017 EUR 64.24
UBS AG 7.00 12/22/2017 EUR 66.37
UBS AG 10.25 12/22/2017 EUR 54.30
UBS AG 10.25 12/22/2017 EUR 43.82
UBS AG 5.00 12/22/2017 EUR 65.90
UBS AG 8.50 12/22/2017 EUR 47.77
UBS AG 11.75 12/22/2017 EUR 40.25
UBS AG 8.00 12/22/2017 EUR 63.05
UBS AG 8.75 12/22/2017 EUR 60.03
UBS AG 4.00 12/22/2017 EUR 72.20
UBS AG 10.25 12/22/2017 EUR 55.16
UBS AG 11.75 12/22/2017 EUR 51.46
UBS AG 7.50 12/22/2017 EUR 51.45
UBS AG 13.00 12/22/2017 EUR 72.40
UBS AG 6.75 12/22/2017 EUR 54.84
UBS AG 9.50 12/22/2017 EUR 57.04
UBS AG 5.75 12/22/2017 EUR 58.78
UBS AG 7.75 12/22/2017 EUR 58.26
UBS AG 8.25 12/22/2017 EUR 49.68
UBS AG 10.50 12/22/2017 EUR 52.20
UBS AG 4.75 12/22/2017 EUR 74.82
UBS AG 6.25 12/22/2017 EUR 54.36
UBS AG 11.25 12/22/2017 EUR 74.26
UBS AG 8.25 12/22/2017 EUR 50.98
UBS AG 4.50 12/22/2017 EUR 66.45
UBS AG 10.50 12/22/2017 EUR 50.49
UBS AG 9.50 12/22/2017 EUR 52.62
UBS AG 6.50 12/22/2017 EUR 70.91
UBS AG 6.50 12/22/2017 EUR 54.53
UniCredit Bank AG 4.30 10/17/2018 EUR 69.95
Landesbank Baden-Wuerttem 3.30 6/22/2018 EUR 67.79
UniCredit Bank AG 4.30 12/22/2017 EUR 67.82
DekaBank Deutsche Girozen 3.30 2/26/2018 EUR 54.38
UniCredit Bank AG 4.30 10/29/2018 EUR 72.94
Landesbank Baden-Wuerttem 3.00 5/25/2018 EUR 71.18
UBS AG 4.50 12/22/2017 EUR 57.75
UBS AG 5.00 12/22/2017 EUR 65.70
UBS AG 4.75 12/22/2017 EUR 74.29
Credit Suisse AG/Nassau 5.25 5/14/2018 CHF 71.74
UniCredit Bank AG 4.10 9/28/2018 EUR 69.27
Landesbank Baden-Wuerttem 3.05 6/22/2018 EUR 72.61
DekaBank Deutsche Girozen 3.10 5/5/2017 EUR 70.39
DekaBank Deutsche Girozen 3.00 4/16/2018 EUR 74.49
UBS AG/London 5.00 8/14/2017 CHF 52.30
Vontobel Financial Produc 16.00 12/22/2017 EUR 70.17
DZ Bank AG Deutsche Zentr 9.00 6/23/2017 EUR 59.15
DZ Bank AG Deutsche Zentr 8.70 12/22/2017 EUR 63.19
DZ Bank AG Deutsche Zentr 10.10 12/22/2017 EUR 60.33
BNP Paribas Emissions- un 21.00 6/22/2017 EUR 72.24
BNP Paribas Emissions- un 25.00 6/22/2017 EUR 69.53
BNP Paribas Emissions- un 19.00 9/21/2017 EUR 72.74
Raiffeisen Centrobank AG 9.85 12/20/2017 EUR 72.99
Raiffeisen Centrobank AG 13.01 12/20/2017 EUR 69.82
Raiffeisen Centrobank AG 7.54 12/28/2018 EUR 69.40
Raiffeisen Centrobank AG 6.23 12/28/2018 EUR 74.53
UBS AG 9.00 7/3/2017 CHF 71.48
UniCredit Bank AG 4.00 10/14/2019 EUR 65.49
Notenstein Finance Guerns 1.00 9/17/2019 CHF 57.97
UBS AG/London 7.00 12/22/2017 EUR 64.54
UBS AG/London 4.00 12/22/2017 EUR 71.34
UBS AG/London 9.50 12/22/2017 EUR 66.17
UBS AG/London 9.00 12/22/2017 EUR 58.58
UBS AG/London 5.75 12/22/2017 EUR 70.38
UBS AG/London 5.00 12/22/2017 EUR 67.15
UBS AG/London 6.25 12/22/2017 EUR 68.42
UBS AG/London 7.75 12/22/2017 EUR 52.07
UBS AG/London 14.50 12/22/2017 EUR 73.22
UniCredit Bank AG 4.25 9/12/2017 EUR 65.07
Notenstein La Roche Priva 5.00 8/29/2018 CHF 73.28
Leonteq Securities AG/Gue 4.40 8/28/2017 CHF 66.08
Notenstein La Roche Priva 5.04 8/28/2017 CHF 73.02
Leonteq Securities AG/Gue 4.68 8/29/2017 CHF 74.73
Leonteq Securities AG/Gue 5.99 9/11/2017 EUR 64.72
DekaBank Deutsche Girozen 3.15 5/18/2018 EUR 64.42
Commerzbank AG 19.00 5/24/2017 EUR 69.72
Commerzbank AG 15.50 8/23/2017 EUR 72.86
Lehman Brothers Treasury 0.01 9/20/2011 USD 0.65
Lehman Brothers Treasury 12.00 7/13/2037 JPY 0.65
Lehman Brothers Treasury 10.00 6/11/2038 JPY 0.65
HSBC Trinkaus & Burkhardt 15.20 6/23/2017 EUR 66.99
HSBC Trinkaus & Burkhardt 17.10 6/23/2017 EUR 53.20
HSBC Trinkaus & Burkhardt 12.70 9/22/2017 EUR 59.55
HSBC Trinkaus & Burkhardt 10.30 9/22/2017 EUR 63.42
HSBC Trinkaus & Burkhardt 7.50 9/22/2017 EUR 69.66
UBS AG/London 5.54 12/26/2017 USD 44.26
UBS AG/London 10.00 6/23/2017 EUR 59.77
DZ Bank AG Deutsche Zentr 9.25 7/28/2017 EUR 57.44
UBS AG/London 13.50 6/23/2017 EUR 54.70
UBS AG/London 9.50 9/22/2017 EUR 62.14
UBS AG/London 12.50 9/22/2017 EUR 57.75
Commerzbank AG 15.50 6/22/2017 EUR 55.09
Commerzbank AG 16.00 6/22/2017 EUR 69.90
Commerzbank AG 8.25 6/22/2017 EUR 66.83
Commerzbank AG 11.50 6/22/2017 EUR 60.16
HSBC Trinkaus & Burkhardt 19.00 6/23/2017 EUR 73.81
Vontobel Financial Produc 4.80 5/14/2018 EUR 71.74
Vontobel Financial Produc 16.00 12/22/2017 EUR 74.20
Landesbank Hessen-Thuerin 4.00 5/16/2018 EUR 69.80
Societe Generale SA 0.50 4/4/2024 MXN 56.90
Societe Generale SA 0.50 5/22/2024 MXN 56.22
SG Issuer SA 0.82 8/2/2021 SEK 72.21
DekaBank Deutsche Girozen 3.00 12/17/2018 EUR 64.50
DZ Bank AG Deutsche Zentr 5.00 2/6/2018 EUR 68.05
UniCredit Bank AG 3.75 9/7/2020 EUR 70.20
DekaBank Deutsche Girozen 2.75 2/2/2018 EUR 70.81
Notenstein La Roche Priva 5.00 2/27/2019 CHF 74.85
Notenstein La Roche Priva 5.70 2/27/2019 CHF 74.65
UniCredit Bank AG 3.75 10/2/2020 EUR 66.32
Vontobel Financial Produc 18.40 9/11/2017 EUR 66.92
Commerzbank AG 7.20 4/18/2017 EUR 62.72
Credit Suisse AG/London 8.50 9/18/2017 USD 73.41
Bank Julius Baer & Co Ltd 12.80 9/20/2017 CHF 66.60
Notenstein La Roche Priva 15.00 12/27/2017 CHF 69.57
Commerzbank AG 12.30 4/18/2017 EUR 55.94
HSBC Trinkaus & Burkhardt 18.60 6/23/2017 EUR 69.83
HSBC Trinkaus & Burkhardt 13.40 12/22/2017 EUR 74.96
UBS AG/London 9.90 9/22/2017 EUR 72.76
Redvans 12.50 12/17/2021 RUB 60.00
HSBC Trinkaus & Burkhardt 18.40 6/23/2017 EUR 65.34
HSBC Trinkaus & Burkhardt 13.80 12/22/2017 EUR 70.78
HSBC Trinkaus & Burkhardt 11.90 12/22/2017 EUR 72.41
HSBC Trinkaus & Burkhardt 10.70 8/25/2017 EUR 72.05
HSBC Trinkaus & Burkhardt 10.20 11/24/2017 EUR 73.84
Vontobel Financial Produc 13.50 9/22/2017 EUR 74.16
Vontobel Financial Produc 16.05 9/22/2017 EUR 71.94
Vontobel Financial Produc 12.00 12/22/2017 EUR 73.10
Vontobel Financial Produc 20.00 12/22/2017 EUR 65.91
Zurcher Kantonalbank Fina 11.00 6/29/2017 CHF 73.96
Goldman Sachs & Co Wertpa 11.00 12/20/2017 EUR 64.92
Goldman Sachs & Co Wertpa 11.00 12/20/2017 EUR 66.92
Leonteq Securities AG 8.80 6/21/2017 CHF 69.01
Lehman Brothers Treasury 1.60 6/21/2010 JPY 0.65
Lehman Brothers Treasury 2.40 6/20/2011 JPY 0.65
Goldman Sachs & Co Wertpa 12.00 12/20/2017 EUR 74.63
Goldman Sachs & Co Wertpa 12.00 12/20/2017 EUR 74.73
Goldman Sachs & Co Wertpa 10.00 12/20/2017 EUR 68.38
Leonteq Securities AG/Gue 16.20 11/30/2017 USD 53.36
Lehman Brothers Treasury 4.20 12/3/2008 HKD 9.63
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 57.43
BNP Paribas Emissions- un 26.00 12/21/2017 EUR 66.59
BNP Paribas Emissions- un 24.00 6/22/2017 EUR 70.87
BNP Paribas Emissions- un 26.00 12/21/2017 EUR 67.49
BNP Paribas Emissions- un 29.00 6/22/2017 EUR 64.68
BNP Paribas Emissions- un 23.00 12/21/2017 EUR 71.89
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 60.95
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 69.45
BNP Paribas Emissions- un 19.00 6/22/2017 EUR 72.60
BNP Paribas Emissions- un 28.00 6/22/2017 EUR 60.29
BNP Paribas Emissions- un 26.00 12/21/2017 EUR 66.20
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 69.86
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 65.98
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 71.25
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 66.99
BNP Paribas Emissions- un 24.00 12/21/2017 EUR 71.47
BNP Paribas Emissions- un 26.00 12/21/2017 EUR 68.57
BNP Paribas Emissions- un 29.00 12/21/2017 EUR 64.38
BNP Paribas Emissions- un 26.00 6/22/2017 EUR 71.70
BNP Paribas Emissions- un 26.00 12/21/2017 EUR 70.25
BNP Paribas Emissions- un 23.00 12/21/2017 EUR 59.40
BNP Paribas Emissions- un 29.00 6/22/2017 EUR 69.82
BNP Paribas Emissions- un 29.00 12/21/2017 EUR 65.68
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 66.46
BNP Paribas Emissions- un 24.00 12/21/2017 EUR 73.26
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 68.59
BNP Paribas Emissions- un 22.00 12/21/2017 EUR 62.40
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 57.12
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 66.51
BNP Paribas Emissions- un 16.00 6/22/2017 EUR 73.19
BNP Paribas Emissions- un 28.00 6/22/2017 EUR 57.65
BNP Paribas Emissions- un 15.00 12/21/2017 EUR 74.97
BNP Paribas Emissions- un 22.00 12/21/2017 EUR 66.21
BNP Paribas Emissions- un 25.00 6/22/2017 EUR 71.33
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 74.03
BNP Paribas Emissions- un 28.00 6/22/2017 EUR 73.02
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 69.92
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 70.29
BNP Paribas Emissions- un 29.00 12/21/2017 EUR 64.74
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 71.97
BNP Paribas Emissions- un 24.00 6/22/2017 EUR 72.30
BNP Paribas Emissions- un 22.00 12/21/2017 EUR 74.47
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 66.42
BNP Paribas Emissions- un 27.00 6/22/2017 EUR 72.09
BNP Paribas Emissions- un 26.00 12/21/2017 EUR 71.25
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 71.15
BNP Paribas Emissions- un 6.00 6/22/2017 EUR 55.55
BNP Paribas Emissions- un 9.00 6/22/2017 EUR 48.29
BNP Paribas Emissions- un 18.00 6/22/2017 EUR 37.55
BNP Paribas Emissions- un 21.00 6/22/2017 EUR 34.79
BNP Paribas Emissions- un 6.00 12/21/2017 EUR 58.37
BNP Paribas Emissions- un 10.00 12/21/2017 EUR 50.31
BNP Paribas Emissions- un 13.00 12/21/2017 EUR 46.12
BNP Paribas Emissions- un 15.00 12/21/2017 EUR 67.24
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 66.57
BNP Paribas Emissions- un 28.00 6/22/2017 EUR 68.42
BNP Paribas Emissions- un 24.00 6/22/2017 EUR 66.20
BNP Paribas Emissions- un 27.00 6/22/2017 EUR 62.12
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 63.48
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 62.99
BNP Paribas Emissions- un 19.00 6/22/2017 EUR 73.79
BNP Paribas Emissions- un 21.00 6/22/2017 EUR 71.08
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 74.91
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 74.20
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 71.37
BNP Paribas Emissions- un 9.00 6/22/2017 EUR 74.77
BNP Paribas Emissions- un 13.00 6/22/2017 EUR 60.66
BNP Paribas Emissions- un 25.00 6/22/2017 EUR 40.47
BNP Paribas Emissions- un 15.00 12/21/2017 EUR 57.56
BNP Paribas Emissions- un 19.00 12/21/2017 EUR 50.97
BNP Paribas Emissions- un 22.00 12/21/2017 EUR 47.57
BNP Paribas Emissions- un 25.00 12/21/2017 EUR 45.52
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 44.07
BNP Paribas Emissions- un 25.00 6/22/2017 EUR 73.19
BNP Paribas Emissions- un 27.00 6/22/2017 EUR 69.92
BNP Paribas Emissions- un 25.00 6/22/2017 EUR 55.77
BNP Paribas Emissions- un 13.00 12/21/2017 EUR 73.21
BNP Paribas Emissions- un 19.00 12/21/2017 EUR 64.27
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 55.62
BNP Paribas Emissions- un 16.00 6/22/2017 EUR 67.08
BNP Paribas Emissions- un 13.00 6/22/2017 EUR 53.76
BNP Paribas Emissions- un 19.00 6/22/2017 EUR 46.22
BNP Paribas Emissions- un 28.00 12/21/2017 EUR 44.59
BNP Paribas Emissions- un 12.00 12/21/2017 EUR 74.69
BNP Paribas Emissions- un 25.00 6/22/2017 EUR 55.24
BNP Paribas Emissions- un 27.00 6/22/2017 EUR 52.59
BNP Paribas Emissions- un 19.00 12/21/2017 EUR 63.78
BNP Paribas Emissions- un 22.00 12/21/2017 EUR 60.13
BNP Paribas Emissions- un 27.00 12/21/2017 EUR 55.26
Raiffeisen Centrobank AG 7.20 9/20/2017 EUR 74.20
Lehman Brothers Treasury 6.00 6/21/2011 EUR 0.65
Lehman Brothers Treasury 2.00 6/21/2011 EUR 0.65
Lehman Brothers Treasury 8.28 7/31/2013 GBP 0.65
Lehman Brothers Treasury 7.32 7/31/2013 GBP 0.65
Barclays Bank PLC 1.99 12/1/2040 USD 72.72
Lehman Brothers Treasury 8.28 3/26/2009 USD 0.65
Lehman Brothers Treasury 6.85 12/22/2008 EUR 0.65
Lehman Brothers Treasury 7.60 3/26/2009 EUR 0.65
Lehman Brothers Treasury 7.55 12/29/2008 USD 0.65
UBS AG/London 11.70 4/18/2017 EUR 39.22
EFG International Finance 6.89 12/28/2017 CHF 71.01
Goldman Sachs & Co Wertpa 15.00 6/21/2017 EUR
SG Issuer SA 0.80 11/30/2020 SEK 66.27
Notenstein La Roche Priva 6.50 7/11/2017 CHF 68.41
Notenstein La Roche Priva 6.00 7/11/2017 CHF 68.24
EFG International Finance 7.35 12/28/2017 CHF 71.98
Notenstein La Roche Priva 9.68 6/15/2017 CHF 68.75
HSBC Trinkaus & Burkhardt 8.20 6/23/2017 EUR 68.15
DekaBank Deutsche Girozen 2.75 6/24/2019 EUR 68.16
HSBC Trinkaus & Burkhardt 4.00 6/16/2017 EUR 62.10
Vontobel Financial Produc 4.00 11/9/2017 EUR 64.35
Credit Suisse AG/Nassau 5.50 8/3/2017 EUR 70.31
DekaBank Deutsche Girozen 2.60 6/23/2017 EUR 62.38
Leonteq Securities AG 5.20 8/14/2018 CHF 70.85
Goldman Sachs & Co Wertpa 9.00 6/21/2017 EUR 69.72
Goldman Sachs & Co Wertpa 13.00 6/21/2017 EUR 60.69
Notenstein La Roche Priva 7.00 8/14/2017 CHF 64.65
UBS AG/London 8.25 8/7/2017 EUR 68.85
Notenstein La Roche Priva 8.02 8/11/2017 EUR 72.30
Zurcher Kantonalbank Fina 14.75 5/11/2017 CHF 74.34
Commerzbank AG 10.25 4/27/2017 EUR 69.39
Commerzbank AG 13.50 4/27/2017 EUR 61.78
Commerzbank AG 17.25 4/27/2017 EUR 55.74
Commerzbank AG 7.25 10/26/2017 EUR 72.52
Commerzbank AG 10.50 10/26/2017 EUR 67.21
Commerzbank AG 14.25 10/26/2017 EUR 63.11
Societe Generale SA 0.50 4/3/2023 RUB 61.73
National Capital JSC 9.50 7/25/2018 RUB 100.00
RGS Nedvizhimost OOO 12.25 10/19/2017 RUB 60.00
National Capital JSC 9.25 4/22/2019 RUB 100.00
IDGC of the North Caucasu 13.00 4/22/2021 RUB 60.00
Societe Generale SA 0.50 6/12/2023 RUB 60.53
Upravlenie Otkhodami ZAO 4.00 4/29/2027 RUB 69.88
KPNQwest NV 7.13 6/1/2009 EUR 1.00
IS-Broker OOO 13.00 6/21/2017 RUB 100.00
Soyuz AKB OAO 13.00 11/22/2019 RUB 99.00
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.59
National Capital JSC 9.25 4/22/2019 RUB 99.98
Societe Generale SA 0.50 4/30/2023 RUB 61.15
National Capital JSC 10.50 9/15/2020 RUB 100.00
TransFin-M PAO 13.00 12/31/2024 RUB 100.00
Bashneft PJSC 12.00 5/19/2025 RUB 60.00
*********
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, Julie Anne L. Toledo, Ivy B. Magdadaro, and
Peter A. Chapman, Editors.
Copyright 2017. 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 Joseph Cardillo at
856-381-8268.
* * * End of Transmission * * *