/raid1/www/Hosts/bankrupt/TCREUR_Public/180618.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, June 18, 2018, Vol. 19, No. 119
Headlines
A U S T R I A
RUDOLF LEINER: Parent Agrees to Sell Business to Signa Holding
B U L G A R I A
BULGARIAN ENERGY: Fitch Rates Upcoming Eurobond 'BB(EXP)'
D E N M A R K
DKT FINANCE: Moody's Rates Proposed EUR1.4-Bil. Senior Notes 'B3'
G R E E C E
ALPHA BANK: Fitch Raises Rating on Covered Bonds to 'BB-'
I R E L A N D
HARVEST CLO XV: S&P Withdraws B-(sf) Rating on Class F Notes
MILLTOWN PARK: Moody's Assigns B2 Rating to Class E Notes
PENTA 4 CLO: Fitch Assigns 'B-sf' Rating to Class F Notes
K A Z A K H S T A N
OIL INSURANCE: S&P Affirms 'B+' Long-Term ICR, Outlook Negative
N E T H E R L A N D S
KMG INTERNATIONAL: Fitch Maintains 'B+' IDR on Watch Negative
SAMVARDHANA MOTHERSON: Fitch Affirms IDR at BB+, Outlook Pos.
S P A I N
BANKINTER 2 PYME: Moody's Affirms C Rating on Class E Notes
LHMC BIDCO: S&P Assigns Prelim 'B+' Long-Term ICR, Outlook Stable
PESCANOVA SA: To Appeal Order Forcing Deposit to Guarantee Claims
S W E D E N
UNILABS HOLDING: S&P Affirms 'B' Long-Term ICR, Outlook Stable
T U R K E Y
AKBANK TAS: Moody's Assigns Ba2 Counterparty Risk Rating
KESKINOGLU: Court Approves Temporary Concordatum Application
U N I T E D K I N G D O M
AMPHORA FINANCE: Fitch Assigns Final 'B' LT IDR, Outlook Stable
CPUK FINANCE: Fitch Affirms B Ratings on Two Note Classes
EQUITY RELEASE: Fitch Affirms 'BB+sf' Class C Notes Rating
SEADRILL LTD: J. Fredriksen Buys US$300MM+ in Claims from Banks
VE INTERACTIVE: Creditors Pursue Founder Following Collapse
X X X X X X X X
* BOND PRICING: For the Week June 11 to June 15, 2018
*********
=============
A U S T R I A
=============
RUDOLF LEINER: Parent Agrees to Sell Business to Signa Holding
--------------------------------------------------------------
John Bowker and Boris Groendahl at Bloomberg News report that
Steinhoff International Holding NV agreed to sell its Austrian
furniture retailer Rudolf Leiner GmbH and real estate assets in
the country to Rene Benko's Signa Holding GmbH to prevent a
looming insolvency of the unit.
According to Bloomberg, Rudolf Leiner Chief Executive Office
Gunnar George said in an emailed statement on June 14 Signa's
offer for the business and the properties was accepted by
Steinhoff.
No details on pricing or terms were provided by Rudolf Leiner,
also known under its brand names Kika/Leiner, Bloomberg notes.
Since reporting financial irregularities late last year,
Steinhoff has kept retail businesses around the world in
operation even as its share price plunged more than 95% and
liquidity dried up, Bloomberg relays. While most creditors this
month agreed to a standstill agreement on the bulk of EUR9.6
billion (US$11.3 billion) of debt, Kika/Leiner's situation
worsened when credit insurers refused to guarantee payments to
suppliers, Bloomberg states.
Kika/Leiner has 70 stores in Austria and other parts of Europe
compared with Steinhoff's total of 1,200, Bloomberg discloses.
In a presentation to lenders last month, Steinhoff said it
intended to turn around the Austrian retailer, focusing on
curbing spending and reducing headcount, Bloomberg relays.
Steinhoff is battling to stay afloat while auditors at PwC
investigate its finances with a view to publishing audited
accounts by the end of the year, Bloomberg notes. The crisis
erupted in early December, when Deloitte LLP refused to sign off
on results for 2017 and CEO Markus Jooste quit, Bloomberg
recounts.
Steinhoff "remains in constructive discussions with its creditors
to agree and implement a restructuring plan," Bloomberg quotes
the company as saying in a statement.
===============
B U L G A R I A
===============
BULGARIAN ENERGY: Fitch Rates Upcoming Eurobond 'BB(EXP)'
---------------------------------------------------------
Fitch Ratings has assigned Bulgarian Energy Holding EAD's (BEH)
upcoming Eurobond an expected foreign currency senior unsecured
rating of 'BB(EXP)'. Proceeds from the new Eurobond are intended
for refinancing BEH's EUR500 million Eurobond maturing in
November 2018.
The bond's expected rating is in line with BEH's senior unsecured
rating of 'BB', as the bond will constitute direct,
unconditional, unsecured and unsubordinated obligations of the
company. The final rating is contingent on the receipt of final
documents conforming materially to the preliminary documentation
received.
KEY RATING DRIVERS
Improved Standalone Credit Profile: BEH's results have stabilised
over the last two years, largely due to legislative and
regulatory changes implemented in 2015, which have narrowed power
tariff deficits at BEH's subsidiary, Natsionalna Elektricheska
Kompania EAD (NEK), a public supplier of electricity in Bulgaria.
Fitch expects Fitch-calculated EBITDA (BGN0.8 billion in 2017) to
remain at this level over its rating horizon until 2021.
Consequently, Fitch projects BEH's funds from operations (FFO)
adjusted net leverage (3.1x in 2017 backed by lower capex and no
dividend pay-outs) to stabilise in the mid-3x-to-4x range. This
leaves comfortable headroom for BEH's current standalone credit
profile of 'BB-'.
Parent Support Assessment: BEH controls a majority of the energy
sector assets in Bulgaria and is a strategically important
company for the Bulgarian State (BBB/Stable). The share of state-
guaranteed debt at BEH has fallen to about 5% at end-2017 (from
50% in 2012), but the share of both state-guaranteed and state-
provided debt (in the form of the interest free state-loan given
to NEK) was at about 40% at end-2017. Fitch expects it to remain
at this level over its rating horizon of 2021 given the likely
receipt of state guarantees to BEH's gas interconnector project
between Greece and Bulgaria. Other means of supporting BEH by the
Bulgarian State included a low-dividend policy over the past
years and a letter of support (not a formal guarantee) given to
BEH before its previous Eurobond issue.
Single-Notch Uplift: Reflecting links with the Bulgarian State,
Fitch applies a single-notch uplift to BEH's standalone credit
profile of 'BB-', so that the company's Long-term Foreign- and
Local-Currency IDRs and the company's foreign currency senior
unsecured rating are at 'BB'. Based on Fitch's "Government-
Related Entities Rating Criteria", it views the status, ownership
and control links between BEH and the Bulgarian State as strong
and support track record and expectations as moderate. The socio-
political and financial implications of BEH's potential default
for the Bulgarian State are deemed as moderate.
Regulatory Regime's Weakness: Despite positive developments
addressing NEK's tariff deficit, the Bulgarian operating
environment remains subject to high regulatory and political
risk. This is a constraint on the ratings despite BEH's strong
projected credit metrics compared with rated peers' and BEH's
strong position as the leading integrated utility in Bulgaria.
The energy market in Bulgaria is being liberalised, which may
provide some upside to the company's EBITDA in the future.
Corporate Governance Limitations: The ratings continue to reflect
BEH's corporate governance limitations, including a qualified
audit opinion for BEH's 2009-2017 consolidated financial
statements. Fitch views the company's financial transparency,
including on business segments, as weak compared with European
peers.
DERIVATION SUMMARY
BEH has a dominant position in the Bulgarian gas and electricity
market through its ownership of most of Bulgaria's power
generation assets (including a nuclear power plant, lignite-fired
and hydro power plants), the country's largest mining company,
the country's electricity transmission network, gas transmission
and transit networks and through its position as the public
supplier of both electricity and gas in Bulgaria.
BEH's integrated business structure and strategic position in the
domestic market makes the company comparable to some of central
European peers such as CEZ, a.s. (A-/Negative) and PGE Polska
Grupa Energetyczna SA (PGE, BBB+/Stable). However, BEH operates
in a more volatile and less transparent regulatory environment
than CEZ or PGE and its results are less predictable with some
corporate governance issues. BEH's rating includes a single-notch
uplift to reflect links with the sovereign, whereas this is not
the case for CEZ or PGE.
KEY ASSUMPTIONS
Fitch's Key Assumptions within its Rating Case for the Issuer
- Marginally positive EBITDA at NEK with impact of the 2015
legislative and regulatory changes maintained
- Capex for 2018-2021 at BGN3.1 billion excluding any impact
from potential recommencement of the Belene nuclear power plant
project
- Dividend at 50% of net income
- Forthcoming tangible state support in case of tight liquidity
RATING SENSITIVITIES
Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- Further tangible government support, such as additional state
guarantees materially increasing the share of state-guaranteed
debt or cash injections, which would more tightly link BEH's
credit profile with Bulgaria's stronger credit profile
- Upgrade of the sovereign rating
- Stronger standalone credit profile due to lower regulatory
and political risk, higher earnings predictability, better
corporate governance or FFO adjusted net leverage falling below
3x on a sustained basis
Developments That May, Individually or Collectively, Lead to
Negative Rating Action
- Weaker links with the Bulgarian State
- Weaker standalone credit profile, eg. due to escalation of
regulatory and political risk, FFO adjusted net leverage
exceeding 4x on a sustained basis or insufficient liquidity
- Sustained increase in prior-ranking debt to above 2x EBITDA
(2017: 1.8x), which would be negative for the senior unsecured
rating of BEH
LIQUIDITY
Liquidity Likely to Improve: At end-2017 BEH had BGN1,254 million
of unrestricted cash against short-term financial liabilities of
BGN1,130 million, which included BEH's EUR500 million (BGN980
million) Eurobond due in November 2018. When the upcoming
Eurobond is issued BEH's liquidity should improve significantly
as the next large debt repayment would occur only in 2021.
Should BEH not refinance the Eurobond maturing in November 2018,
the amount of cash on balance should be sufficient to cover
redemption needs. However, Fitch would expect BEH to incur some
new debt, eg. in the form of bank loans, to cover negative free
cash flow forecasted for 2018-2020, totalling about BGN0.2
billion, or reduce capex.
=============
D E N M A R K
=============
DKT FINANCE: Moody's Rates Proposed EUR1.4-Bil. Senior Notes 'B3'
-----------------------------------------------------------------
Moody's Investors Service has assigned B3 ratings to the proposed
EUR1.4 billion equivalent senior notes due 2023 to be issued by
DKT Finance ApS, a finance vehicle 100% owned by DKT Holdings ApS
("DKT", B1 stable). DKT owns 100% of Danish telecom operator TDC
A/S ("TDC" or "the company"). The outlook on the ratings is
stable.
All other ratings of DKT and TDC remain unchanged.
The assignment of ratings to the senior notes follows the
announcement of TDC's takeover by DKT and is part of the exercise
aimed at structuring a permanent capital structure for TDC. The
new capital structure comprises of c. EUR1.0 billion of existing
unsecured notes and the EUR3.9 billion TLB, both at TDC level,
EUR1.4 billion senior notes at the level of DKT Finance ApS,
revolving credit facilities totaling EUR600 million and EUR2.7
billion of equity.
RATINGS RATIONALE
The B3 rating assigned to the proposed EUR1.4 billion equivalent
senior notes is two notches below the B1 corporate family rating
of DKT, two notches below TDC's B1 senior unsecured bond ratings
and three notches below the Ba3 rating assigned to the TLB and
RCF issued by TDC. The B3 rating on the senior notes reflects
their structural subordination to the EUR5.4 billion debt at TDC
level. The senior notes are guaranteed by DKT on a senior basis
and will be secured on a first-ranking basis by the issued
shares, intra-group receivables and security interests in all
bank accounts of DKT Finance.
The B1 CFR assigned to DKT reflects the combination of the
group's strong business profile and expectation of improved
operating performance, offset by the impact on the group's credit
metrics from the substantial debt incurred to finance the buyout.
Moody's expects that the group will continue to be managed with a
somewhat aggressive financial profile under its current ownership
structure with limited expected deleveraging. On a pro-forma
basis, Moody's adjusted debt/EBITDA in 2017 will be approximately
6.1x on a consolidated level, compared to 3.5x pre-transaction.
The B1 CFR also reflects (1) the strength of TDC's operations in
Denmark, with strong market shares in mobile, TV, broadband and
fixed voice; (2) TDC's highly advanced fixed and mobile network
infrastructure; (3) TDC's ownership of the majority of the
critical telecom infrastructure in Denmark; (4) Moody's
expectation that EBITDA should stabilise in 2018 due to the
favorable impact of cost savings across the group; (5) Moody's
expectation that cash conversion should improve supported by
lower capex; and (6) its good liquidity.
RATIONALE FOR STABLE OUTLOOK
The stable outlook reflects Moody's expectation that TDC's
operating performance will gradually improve through a
combination of an improving pricing environment in mobile, more
focused and agile marketing strategy, efficiency gains and capex
optimisation. The outlook also reflects Moody's expectation that
DKT will execute its strategy, which will enable the company to
stabilise its operating performance in 2018 and deliver growth
from 2019 onwards. It also recognises Moody's expectation that
the group is likely to be managed towards a leveraged financial
profile over time.
WHAT COULD CHANGE THE RATING UP/DOWN
DKT's corporate family rating could be upgraded as a result of
improvements in its credit metrics, such as adjusted debt/ EBITDA
improving to below 5.0x on a sustainable basis, and adjusted
retained cash flow/gross debt improving sustainably to a level in
the mid-teens, in an improved business environment.
The ratings could be lowered if: (1) the company was to deviate
from the execution of its new strategy; (2) the company was to
embark on an aggressive expansion/acquisition programme, most
likely outside its existing footprint, leading to higher
financial, business and execution risk; or (3) its credit metrics
were to deteriorate, including adjusted retained cash flow/gross
debt falling to below 8% or adjusted gross debt/EBITDA trending
towards 6.0x on an ongoing basis.
LIST OF AFFECTED RATINGS
Assignments:
Issuer: DKT Finance ApS
Senior Secured Regular Bond/Debenture (Foreign Currency),
Assigned B3
Outlook Actions:
Issuer: DKT Finance ApS
Outlook, Assigned Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was
Telecommunications Service Providers published in January 2017.
COMPANY PROFILE
DKT Holdings ApS is a holding company of TDC A/S, the principal
provider of fixed-line, mobile, broadband data and cable
television offerings in Denmark. The company also provides
telecom services, including TV, mobile and broadband, to
customers in Norway. In 2017, the company generated revenue and
EBITDA of DKK20.3 billion and DKK8.2 billion, respectively.
===========
G R E E C E
===========
ALPHA BANK: Fitch Raises Rating on Covered Bonds to 'BB-'
---------------------------------------------------------
Fitch Ratings has upgraded the Greek mortgage covered bonds
programmes of Alpha Bank AE (Alpha, RD/RD/ccc+), National Bank of
Greece S.A. (NBG, RD/RD/ccc+) under Programme I (NBG I) and
Programme II (NBG II), and Piraeus Bank S.A. (Piraeus,
RD/RD/ccc), as follows:
- Alpha's covered bonds upgraded to 'BB-' from 'B+'; Positive
Outlook, off Rating Watch Positive (RWP)
- NBG I's covered bonds upgraded to 'BB-' from 'B+'; Positive
Outlook, off RWP
- NBG II's covered bonds upgraded to 'BB-' from 'B+'; Positive
Outlook, off RWP
- Piraeus's covered bonds upgraded to 'BB-' from 'B+'; Stable
Outlook, off RWP
The ratings actions follow the resolution of the Rating Watch on
the issuers' Viability Ratings (VR), the update of Fitch's RMBS
asset model assumptions for Greece and the periodic review of
Greek covered bonds' ratings.
KEY RATING DRIVERS
Country Ceiling Upgrade
The upgrades follow the update of certain assumptions of Fitch's
European RMBS asset model for Greece up to the 'BB-' Country
Ceiling on February 16, 2018.
The Positive Outlooks on Alpha's, NBG I's and NBG II's covered
bonds mirror that on Greece's Issuer Default Rating (IDR) and the
one-notch recovery uplift available but not used for the 'BB-'
rating. The Outlooks also take into account the buffer between
the relied upon overcollateralisation (OC) and the respective
'BB-' breakeven OC. The Stable Outlook on Piraeus' covered bonds
rating reflects that the rating already incorporates the maximum
three notches of recovery uplift, and the relied upon OC is
insufficient to sustain stresses on a probability of default (PD)
basis in scenarios above the 'B-' rating floor.
VR Upgrades
The rating actions also follow the upgrade of the VRs of Alpha
and NBG to 'ccc+' from 'ccc' and the affirmation of Piraeus' VR
at 'ccc', which serve as the starting point for the covered bond
rating analysis.
Two-Notch IDR Uplift
The unchanged IDR uplift of two notches assigned to each
programme reflects the covered bonds exemption from bail-in, that
the issuers' Long-Term IDRs are not support-driven (institutional
or by the sovereign) and Fitch's view of the low risk of under-
collateralisation at the point of resolution.
OC and Recovery Uplift
Fitch maintains the maximum recovery uplift of three notches for
all the programmes as the 25% contractual OC it relies upon is
sufficient to cover for credit losses in a 'BB-' stress scenario,
estimated at 8.2%, 20.3%, 6.5% and 15.6% for the Alpha, NBG I,
NBG II and Piraeus cover pools, respectively. These credit loss
estimates are the drivers of the assigned 'BB-' breakeven OC for
the programmes of 8%, 20.5%, 6.5% and 15.5%.
Payment Continuity Uplift (PCU)
The PCU is currently not a driver for the covered bonds' ratings,
as the 'BB-' rating is achievable via the assigned IDR uplift and
recovery uplift. The PCU remains unchanged at six notches for the
soft bullet programmes of Alpha and NBG I and eight notches for
the conditional pass-through covered bonds of NBG II and Piraeus.
The assessment also considers protection for interest payments of
at least three months.
Alpha
Alpha's covered bonds are rated 'BB-', four notches above the
bank's 'ccc+' VR. This is based on an unchanged IDR uplift of two
notches and a recovery uplift of two notches. The 25% contractual
OC that Fitch relies upon in its analysis provides more
protection than the 'BB-' 8% breakeven OC.
NBG
NBG I and NBG II covered bonds are rated 'BB-', four notches
above the bank's 'ccc+' VR, based on an unchanged IDR uplift of
two notches and a recovery uplift of two notches. The 25%
contractual OC on both programmes that Fitch relies upon in its
analysis provides more protection than the 'BB-' breakeven OC of
20.5% and 6.5% for NBG I and NBG II, respectively.
Piraeus
Piraeus' covered bonds are rated 'BB-', five notches above the
bank's 'ccc' VR. This is based on an unchanged IDR uplift of two
notches and a recovery uplift of three notches. The 25%
contractual OC that Fitch relies upon in its analysis provides
more protection than the 'BB-' 15.5% breakeven OC.
RATING SENSITIVITIES
All else being equal, a one-notch upgrade of Greece's Country
Ceiling to 'BB' would result in an upgrade of the covered bonds
issued by Alpha Bank AE and National Bank of Greece S.A. (under
Programme I and Programme II), as long as the 25% contractual
overcollateralisation (OC) is able to sustain stresses at higher
rating levels. All else being equal, the upward revision of
Greece's Country Ceiling to 'BB' would lead to an upgrade of
Piraeus Bank S.A.'s covered bonds if (i) its Viability Rating
(VR) was upgraded by one notch; or (ii) Fitch's relied upon OC is
sufficient to sustain stresses on a probability of default basis
in scenarios above 'B-'.
All else being equal, negative rating action on the programmes
would result: (i) from a downgrade of the issuers' VRs to 'ccc-'
or below; or (ii) if the relied upon OC falls below Fitch's 'BB-'
breakeven OC.
The Fitch breakeven OC for the covered bond rating will be
affected, among others, by the profile of the cover assets
relative to outstanding covered bonds, which can change over
time, even in absence of new issuance. Therefore the breakeven OC
to maintain the covered bond rating cannot be assumed to remain
stable over time.
=============
I R E L A N D
=============
HARVEST CLO XV: S&P Withdraws B-(sf) Rating on Class F Notes
------------------------------------------------------------
S&P Global Ratings affirmed and removed from CreditWatch negative
its credit ratings on Harvest CLO XV DAC's class A, B, C, D, E,
and F notes. At the same time, S&P has withdrawn its ratings on
the notes following their refinancing.
S&P said, "We initially placed the notes on CreditWatch negative
on March 16, 2018, following our assessment of the transaction's
performance.
"The subordinated noteholders excercised their rights to
optionally redeem the rated notes in whole at their respective
redemption price (outstanding principal and accrued interest) on
May 22, 2018. As the rated notes were paid in full, we have
removed our ratings on all classes of notes from CreditWatch
negative, and affirmed and subsequently withdrawn the ratings."
Harvest CLO XV is a revolving cash flow collateralized loan
obligation (CLO) transaction that securitizes loans granted
primarily to speculative-grade corporates. The transaction
originally closed in May 2016 and its reinvestment period ends in
May 2020.
RATINGS LIST
Harvest CLO XV Designated Activity Company
EUR413 mil senior secured floating-rate deferrable and
subordinated notes
Rating
Class Identifier To From
A XS1364811692 AAA (sf) AAA (sf)/Watch Neg
B XS1364811775 AA (sf) AA (sf)/Watch Neg
C XS1364811858 A (sf) A (sf)/Watch Neg
D XS1364811932 BBB (sf) BBB (sf)/Watch Neg
E XS1364812070 BB (sf) BB (sf)/Watch Neg
F XS1364812153 B- (sf) B- (sf)/Watch Neg
Ratings Subsequently Withdrawn
Harvest CLO XV Designated Activity Company
EUR413 mil senior secured floating-rate deferrable and
subordinated notes
Rating
Class Identifier To From
A XS1364811692 NR AAA (sf)
B XS1364811775 NR AA (sf)
C XS1364811858 NR A (sf)
D XS1364811932 NR BBB (sf)
E XS1364812070 NR BB (sf)
F XS1364812153 NR B- (sf)
NR--Not rated
MILLTOWN PARK: Moody's Assigns B2 Rating to Class E Notes
---------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following definitive ratings to notes issued by Milltown Park CLO
DAC:
EUR 1,750,000 Class X Senior Secured Floating Rate Notes due
2031, Definitive Rating Assigned Aaa (sf)
EUR 248,000,000 Class A-1 Senior Secured Floating Rate Notes due
2031, Definitive Rating Assigned Aaa (sf)
EUR 22,000,000 Class A-2A Senior Secured Floating Rate Notes due
2031, Definitive Rating Assigned Aa2 (sf)
EUR 20,000,000 Class A-2B Senior Secured Fixed Rate Notes due
2031, Definitive Rating Assigned Aa2 (sf)
EUR 26,000,000 Class B Senior Secured Deferrable Floating Rate
Notes due 2031, Definitive Rating Assigned A2 (sf)
EUR 19,000,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2031, Definitive Rating Assigned Baa2 (sf)
EUR 25,000,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2031, Definitive Rating Assigned Ba2 (sf)
EUR 12,000,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2031, Definitive Rating Assigned B2 (sf)
RATINGS RATIONALE
Moody's definitive ratings of the rated notes address the
expected loss posed to noteholders by the legal final maturity of
the notes in 2031. The definitive ratings reflect the risks due
to defaults on the underlying portfolio of loans given the
characteristics and eligibility criteria of the constituent
assets, the relevant portfolio tests and covenants as well as the
transaction's capital and legal structure. Furthermore, Moody's
is of the opinion that the collateral manager, Blackstone / GSO
Debt Funds Management Europe Limited ("Blackstone GSO"), has
sufficient experience and operational capacity and is capable of
managing this CLO.
Milltown Park CLO is a managed cash flow CLO. At least 96% of the
portfolio must consist of senior secured loans and senior secured
bonds and up to 4% of the portfolio may consist of unsecured
senior loans, second-lien loans, mezzanine obligations and high
yield bonds. The portfolio is expected to be at least 78% ramped
up as of the closing date and to be comprised predominantly of
corporate loans to obligors domiciled in Western Europe.
Blackstone GSO will manage the CLO. It will direct the selection,
acquisition and disposition of collateral on behalf of the Issuer
and may engage in trading activity, including discretionary
trading, during the transaction's 4.6-year reinvestment period.
Thereafter, purchases are permitted using principal proceeds from
unscheduled principal payments and proceeds from sales of credit
risk and credit improved obligations, and are subject to certain
restrictions.
In addition to the eight classes of notes rated by Moody's, the
Issuer issued EUR 37,100,000 of subordinated notes. Moody's will
not assign a rating to this class of notes.
The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to
pay down the notes in order of seniority.
Methodology Underlying the Rating Action:
The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in August 2017.
Factors that would lead to an upgrade or downgrade of the
ratings:
The rated notes' performance is subject to uncertainty. The
notes' performance is sensitive to the performance of the
underlying portfolio, which in turn depends on economic and
credit conditions that may change. Blackstone GSO 's investment
decisions and management of the transaction will also affect the
notes' performance.
Loss and Cash Flow Analysis:
Moody's modeled the transaction using CDOEdge, a cash flow model
based on the Binomial Expansion Technique, as described in
Section 2.3 of the "Moody's Global Approach to Rating
Collateralized Loan Obligations" rating methodology published in
August 2017. The cash flow model evaluates all default scenarios
that are then weighted considering the probabilities of the
binomial distribution assumed for the portfolio default rate. In
each default scenario, the corresponding loss for each class of
notes is calculated given the incoming cash flows from the assets
and the outgoing payments to third parties and noteholders.
Moody's used the following base-case modeling assumptions:
Par amount: EUR 400,000,000
Diversity Score: 40
Weighted Average Rating Factor (WARF): 2830
Weighted Average Spread (WAS): 3.45%
Weighted Average Coupon (WAC): 4.0%
Weighted Average Recovery Rate (WARR): 43.5%
Weighted Average Life (WAL): 8.50 years
As part of its analysis, Moody's has addressed the potential
exposure to obligors domiciled in countries with local currency
government bond ratings of A1 or below. According to the
portfolio constraints, the total exposure to countries with a
local currency country risk bond ceiling ("LCC") below Aa3 shall
not exceed 10% and per Eligibility Criteria obligors domiciled in
countries with a LCC below A3 is not allowed.
Stress Scenarios:
Together with the set of modeling assumptions, Moody's conducted
additional sensitivity analysis, which was an important component
in determining the definitive ratings assigned to the rated
notes. This sensitivity analysis includes increased default
probability relative to the base case. Here is a summary of the
impact of an increase in default probability (expressed in terms
of WARF level) on each of the rated notes (shown in terms of the
number of notch difference versus the current model output,
whereby a negative difference corresponds to higher expected
losses), holding all other factors equal:
Percentage Change in WARF: WARF + 15% (to 3255 from 2830)
Ratings Impact in Rating Notches:
Class X Senior Secured Floating Rate Notes: 0
Class A-1 Senior Secured Floating Rate Notes: -1
Class A-2A Senior Secured Floating Rate Notes: -2
Class A-2B Senior Secured Fixed Rate Notes: -2
Class B Senior Secured Deferrable Floating Rate Notes: -2
Class C Senior Secured Deferrable Floating Rate Notes: -2
Class D Senior Secured Deferrable Floating Rate Notes: -1
Class E Senior Secured Deferrable Floating Rate Notes: 0
Percentage Change in WARF: WARF +30% (to 3679 from 2830)
Ratings Impact in Rating Notches:
Class X Senior Secured Floating Rate Notes: 0
Class A-1 Senior Secured Floating Rate Notes: -1
Class A-2A Senior Secured Floating Rate Notes: -3
Class A-2B Senior Secured Fixed Rate Notes: -3
Class B Senior Secured Deferrable Floating Rate Notes: -4
Class C Senior Secured Deferrable Floating Rate Notes: -2
Class D Senior Secured Deferrable Floating Rate Notes: -1
Class E Senior Secured Deferrable Floating Rate Notes: -2
PENTA 4 CLO: Fitch Assigns 'B-sf' Rating to Class F Notes
---------------------------------------------------------
Fitch Ratings has assigned Penta CLO 4 Designated Activity
Company final ratings, as follows:
EUR2.5 million Class X: 'AAAsf'; Outlook Stable
EUR236 million Class A: 'AAAsf'; Outlook Stable
EUR38 million Class B-1: 'AAsf'; Outlook Stable
EUR10 million Class B-2: 'AAsf'; Outlook Stable
EUR30.05 million Class C: 'Asf'; Outlook Stable
EUR20.55 million Class D: 'BBBsf'; Outlook Stable
EUR27.1 million Class E: 'BBsf'; Outlook Stable
EUR10.45 million Class F: 'B-sf'; Outlook Stable
EUR38.55 million subordinated notes: not rated
Penta CLO 4 Designated Activity Company is a cash flow
collateralised loan obligation (CLO). Net proceeds from the
issuance of the notes are being used to purchase a portfolio of
EUR400 million of mostly European leveraged loans and bonds. The
portfolio is actively managed by Partners Group (UK) Management
Ltd. The CLO envisages a four-year reinvestment period and an
8.5-year weighted average life (WAL).
KEY RATING DRIVERS
'B' Portfolio Credit Quality
Fitch places the average credit quality of obligors in the 'B'
range. The Fitch-weighted average rating factor (WARF) of the
identified portfolio is 33.0, below the indicative maximum
covenant WARF for assigning ratings of 33.5.
High Recovery Expectations
At least 90% of the portfolio comprises senior secured
obligations. Fitch views the recovery prospects for these assets
as more favourable than for second-lien, unsecured and mezzanine
assets. The Fitch-weighted average recovery rate (WARR) of the
current portfolio is 66.4%, above the minimum covenant WARR for
assigning ratings of 62.1%.
Stress Portfolio
For the analysis, Fitch created a stress portfolio based on the
transaction's portfolio profile tests and collateral quality
tests. These included a top 10 obligor limit at 20%, 8.5-year
weighted average life, top industry limit at 17.5% with the top
three industries at 40%, and a maximum 'CCC' bucket at 7.5%.
Limited Interest Rate Exposure
Up to 10% of the portfolio can be invested in fixed-rate assets,
while fixed-rate liabilities represent 2.5% of the target par.
Fitch modelled both 0% and 10% fixed-rate buckets and found that
the rated notes can withstand the interest rate mismatch
associated with each scenario.
RATING SENSITIVITIES
A 125% default multiplier applied to the portfolio's mean default
rate, and with this increase added to all rating default levels,
would lead to a downgrade of up to two notches for the rated
notes. A 25% reduction in recovery rates would lead to a
downgrade of up to four notches for the rated notes.
USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
The majority of the underlying assets or risk-presenting entities
have ratings or credit opinions from Fitch and/or other
Nationally Recognised Statistical Rating Organisations and/or
European Securities and Markets Authority-registered rating
agencies. Fitch has relied on the practices of the relevant
groups within Fitch and/or other rating agencies to assess the
asset portfolio information.
Overall, Fitch's assessment of the asset pool information relied
upon for the agency's rating analysis according to its applicable
rating methodologies indicates that it is adequately reliable.
===================
K A Z A K H S T A N
===================
OIL INSURANCE: S&P Affirms 'B+' Long-Term ICR, Outlook Negative
---------------------------------------------------------------
S&P Global Ratings said that it has affirmed its 'B+' long-term
issuer credit and financial strength ratings on Kazakhstan-based
Oil Insurance Co. JSC (NSK). The outlook is negative.
S&P affirmed the 'kzBBB-' national scale rating on NSK.
At the same time, S&P removed all the ratings from CreditWatch
with negative implications, where we placed them on March 16,
2018.
S&P said, "The affirmation reflects our expectation that NSK can
restore its competitive position in compulsory insurance in
Kazakhstan in the next 12 months, following the removal of
license restrictions in these segments on June 4, 2018. We
anticipate that the company will gradually restore its premium
base, capital, and earnings.
"We expect that NSK will continue focusing on compulsory motor
insurance, which has traditionally been its core line of
business. We forecast that premiums from this segment will
decline by only about 10% in 2018 in view of the license
suspension. This is taking into account the company's
considerable efforts to retain clients by offering high-quality
service and incentives to agents. We expect that NSK's license
suspension for inward reinsurance from May to November 2018 will
have a limited impact on the company's business, since the share
of this line was only 8% of total net premiums earned in 2017.
"We forecast that NSK's regulatory solvency ratio will improve to
1.2x-1.3x by the end of 2018 from 1.1x on May 1, 2018. In our
view, the improvement will be supported by the smaller size of
the premium base compared with one year ago, and the gradual
release of insurance reserves. We estimate that reserves will
remain adequate, given the overall short duration of claims and
ongoing business contraction. We also expect the company can
sustain its capital adequacy, which we currently assess at lower
adequate based on our capital model. Our capital forecast is
based on the assumption that the company's net combined (loss and
expense) ratio will increase only moderately to 100%-102% this
year from 98% in 2017, due to an increase in expenses to attract
clients in the compulsory insurance segment. We also expect that
NSK will not pay dividends during the next one and a half years
because we believe its shareholders are committed to helping it
restore its capital adequacy."
The auditor's opinion on the company's 2017 financial statements
under International Financial Reporting Standards (IFRS) contains
a qualification concerning reinsurers' share of the unearned
premium reserve. Should the company use an approach consistent
with IFRS, it would report higher net income in 2017 of
Kazakhstani tenge (KZT) 780 million (about $2.3 million) rather
than KZT680 million, as well as higher total equity (KZT6.4
billion versus KZT5.6 billion). In S&P's forecast of the
company's capital adequacy ratio for 2018-2019, it assumes that,
as the related contracts mature, the corresponding reserves will
be released in 2018-2019.
S&P said, "The negative outlook indicates that we can lower the
ratings within the next 12 months if the company's capital
adequacy weakens, its regulatory solvency ratio does not improve
to comfortably above the required minimum, or the regulator
imposes additional restrictions that weigh on NSK's business and
financial risk profiles.
"We may revise the outlook to stable in the next 12 months if the
company restores its premium base, earnings, and capitalization,
including its regulatory solvency ratio, in line with our
expectations."
=====================
N E T H E R L A N D S
=====================
KMG INTERNATIONAL: Fitch Maintains 'B+' IDR on Watch Negative
-------------------------------------------------------------
Fitch Ratings has maintained KMG International NV's (KMGI) 'B+'
Long-Term Issuer Default Rating (IDR) on Rating Watch Negative
(RWN).
The RWN is pending the sale of a 51% stake in KMGI by JSC
National Company KazMunayGas (NC KMG, BBB-/Stable) to China
Energy Company Limited (CEFC). While the execution of the
transaction is uncertain, given the alleged legal and financial
difficulties of CEFC, Fitch understands that formally the
agreement between NC KMG and CEFC has not been terminated. The
RWN also captures the litigation brought forward in May 2016 by
Romania's Directorate for Combating Organised Crime and Terrorism
(DIICOT), where KMGI, Oilfield Exploration Business Solutions and
Rompetrol Rafinare were summoned as civil liability parties in a
case under investigation with DIICOT. The investigation may have
significant negative contingent financial consequences for KMGI.
Fitch will resolve the RWN after KMGI's ownership structure is
clarified and the potential consequences resulting from the
investigation by DIICOT are known.
KEY RATING DRIVERS
Imminent Shareholding Change Unlikely: In December 2016 CEFC
agreed to purchase 51% shares in KMGI from NC KMG. Although Fitch
views the execution of the transaction as uncertain in light of
the problems faced by CEFC in China, the parties have not made
any public announcement on a potential outcome in light of the
recent news flow. Fitch therefore plans to review the RWN once it
gets clarity on KMGI's ownership structure and the strength of
the strategic, legal and operational ties with KMG.
DIICOT Investigation: On May 9, 2016, Romania's DIICOT announced
that it had launched an investigation against 14 people in
connection with the privatisation of the Petromidia refinery.
KMGI, Oilfield Exploration Business Solutions (the former
Rompetrol SA) and Rompetrol Rafinare are parties in the
investigation. DIICOT also seized KMGI's assets of RON3 billion
(USD770 million), including its key asset, the Petromidia
refinery. Fitch understands from management that the seizure has
no immediate impact on KMGI's day-to-day operations.
Improving Operations and Financials: KMGI reported strong results
in 2017. Fitch-adjusted EBITDA increased 42% yoy to USD230
million on the back of the improved operational efficiency of the
plant, higher sales volumes in the retail segment and operating
cost optimisation. Cash flow generation and cash balances were
also boosted by a non-recurring working capital inflow. FFO
adjusted net leverage decreased to 1.0x in 2017 from 2.9x in
2016. Fitch expects net leverage to be maintained below 2.5x over
the rating horizon, assuming a conservative financial policy.
DERIVATION SUMMARY
KMGI lags PKN ORLEN S.A. (BBB-/Stable), MOL Hungarian Oil and Gas
Company Plc (BBB-/Stable) and Tupras (BBB-/Negative) in refining
capacity and has weaker integration with petrochemical and
upstream assets.
KMGI's closest peer is Corral Petroleum Holding (CPH; B+/Stable).
CPH operates two medium-sized refineries in Sweden with a
capacity of 345kbbl/d and a retail network, including 341 Preem-
branded stations and 165 diesel truck stops. Fitch expects KMGI
to have lower leverage than CPH in the next three years, but it
views CPH's business profile as stronger due to larger refining
capacity.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer
- Gross refining margins of USD 3.6/bbl in 2018 and USD 4.0/bbl
thereafter.
- Increase in EBITDA generation of the retail and marketing
segment.
- Repurchase of RRC shares would be borne by KMGI.
- Average 2018-2021 capex equal to USD118 million annually.
- No dividend payments in 2018-2021.
RATING SENSITIVITIES
Future Developments That May, Individually or Collectively, Lead
to Positive Rating Action
- Unchanged strategic, legal and operational ties between KMGI
and NC KMG.
Future Developments That May, Individually or Collectively, Lead
to Negative Rating Action
- Weaker ties with NC KMG leading to a reassessment of the
three-notch uplift to the standalone IDR for parental support.
- Resolution of DIICOT litigation that results in substantial
financial liabilities for KMGI not covered by its shareholders.
LIQUIDITY
At end-2017, KMGI's short-term debt was USD362 million against a
cash balance of USD222 million. Additionally, Fitch expects
negative free cash flow due to an increase in working capital and
planned capital expenditures. KMGI plans to roll over its short-
term credit facilities in 2018. Fitch does not expect the company
to experience problems with liquidity as KMGI has a record of
successful short-term debt extension.
SAMVARDHANA MOTHERSON: Fitch Affirms IDR at BB+, Outlook Pos.
-------------------------------------------------------------
Fitch Ratings has affirmed Netherlands-based Samvardhana
Motherson Automotive Systems Group BV's (SMRP BV) Long-Term
Issuer Default Rating (IDR) at 'BB+'. The Outlook is Positive.
Fitch has also affirmed SMRP BV's senior secured bonds at 'BBB-'.
The ratings reflect SMRP BV's strong linkages with its
shareholders, Motherson Sumi Systems Limited (MSSL) and
Samvardhana Motherson International Limited (SMIL), given the
aligned economic interests. Fitch rates SMRP BV based on SMIL's
consolidated financial profile.
The ratings incorporate SMRP BV's long-standing customer
relationships with financially strong original equipment
manufacturers (OEMs), which underpin its position as a leading
supplier of rear-view vision systems and interior and exterior
modules to the global automotive industry. The ratings also
consider the group's disciplined approach to expansion, which has
helped it grow while continually improving business
diversification and limiting financial leverage. These factors
allow the company to shield profitability from sector-specific
risks arising from high dependence on large OEM customers.
The Positive Outlook reflects Fitch's expectations of continued
improvement in free cash generation and leverage over the next
two years. Leverage was elevated in the financial year ending
March 2018 (FY18), as SMRP BV's robust order book and near
completion of its current expansion cycle required high capex and
working capital investments to develop tooling. Fitch's view on
deleveraging takes into account the re-based capex plan and
reversal of tooling-related working capital. The Outlook also
reflects Fitch's belief that the company will retain its
disciplined approach to acquisitions as it approaches the end of
its five-year strategic plan to FY20.
The notes are rated one notch above the IDR as they are secured
against assets in key subsidiaries within the SMRP BV group.
KEY RATING DRIVERS
Customer Relationships Underpin Leading Positions: MSSL's long
relationship with top global OEMs underscores its consistent
quality and full range of offerings, including R&D, tooling,
manufacturing and assembly. This strong track record has helped
the group gain market share, as global OEMs increasingly depend
on external auto-component providers and retain only high value-
added parts to optimise capital. Fitch believes the group's
scale, combined with strong customer relationships, mitigate
sector-specific risks, such as competition and weak negotiating
power against large OEMs in pricing and pass-through of
volatility in raw material prices.
MSSL's business in India supplies wiring harnesses for a dominant
share of passenger vehicles manufactured in the country. PKC
Group Plc, which MSSL acquired in 2017, has leading positions in
commercial-vehicle wiring harness markets across North America,
Europe, South America and China. SMRP BV's is one of the leading
suppliers of exterior mirrors, bumpers, dashboards and door
panels in the premium segment globally.
Growing Order Book: SMRP BV's order book increased by a robust
33% yoy to EUR17.2 billion in FY18 (FY17: EUR12.9 billion),
underscoring its strong relationship with OEM customers. Fitch
believes the order book supports revenue visibility in excess of
90% over the next three years, including more than 85% from
models already in production. The order book is diversified
across OEMs and vehicle programmes, mitigating uncertainty over
market reception of new launches. The association with top OEMs
also reduces this risk, as new platforms require significant
upfront investment and manufacturers typically try to improvise
and relaunch rather than writing them off.
Improving Business Diversification: The group's businesses are
diversified across product components, OEM customers and
geographies. In addition, the group serves various vehicle
programmes within an OEM and different geographies for each
programme, further enhancing diversification and mitigating
variations arising from the cyclical and competitive nature of
the automotive industry. The group is focused on enhancing
diversification through its inorganic expansion, as evidenced by
its PKC and Reydel Automotive Group acquisitions. MSSL's order
book is likely to further reduce concentration to top customers,
geographies and components over the medium term.
Leverage to Fall: MSSL's consolidated net adjusted leverage, as
measured by adjusted net debt/operating EBITDAR, rose to 3.1x in
FY18, as free cash generation was impacted by high expansion
capex and working capital investments associated with development
of tooling for new plants. Leverage remains somewhat high for the
current rating, but Fitch expects a gradual improvement to below
2.0x by FY20, with the robust order book driving a sustained
improvement in operating cash flow. The completion of the
expansion plan should also lower capex and, along with the
reversal of tooling receivables, will boost free cash generation.
Risk from Large Acquisitions: MSSL aims to achieve USD18 billion
in revenue by FY20 (FY18: USD9.4 billion, including Reydel). This
may lead to acquisitions, but Fitch notes that the group's
strategy also aims to enhance diversification and maintain
financial discipline. Fitch believes the company's selective
approach to identifying attractively priced targets, while
ensuring a suitable strategic fit, and adherence to prudent
funding practices helps mitigate the risk. MSSL has also
demonstrated a strong record in integrating and improving
profitability of acquired businesses. Nonetheless, any large
debt-funded acquisition may pressure SMRP BV's rating.
Linkages to Samvardhana Motherson Group: Fitch analyses MSSL, its
largest shareholder SMIL and their 51:49 joint venture, SMRP BV,
as a single economic entity because SMIL effectively controls
more than 50% of economic interest in the MSSL group and because
of the companies' senior management overlap. Fitch assesses the
operating, financial and strategic linkages between SMRP BV and
SMIL as strong and has based SMRP BV's IDR on SMIL's consolidated
financial profile, which has been adjusted to include 100% of the
businesses of MSSL and SMRP BV to take into account the large
minority shareholders in MSSL.
DERIVATION SUMMARY
MSSL's scale, leading market position in its product categories
as well as business diversification positions it well against
peers, such as Metalsa, S.A. de C.V. (BBB-/Stable), Nemak, S.A.B.
de C.V. (BB+/Positive) and Faurecia S.A. (BB+/Stable). MSSL has a
stronger business profile than Metalsa due to its larger scale
and better diversification in terms of customers, geographies and
products. However, this is counterbalanced by Metalsa's stronger
profitability and conservative capital structure, justifying a
notch higher rating. SMRP BV is rated at the same level as Nemak,
with MSSL's larger scale and better diversification
counterbalancing Nemak's stronger competitive positioning and
somewhat lower leverage. MSSL has similar competitive positioning
in key products and business diversification as Faurecia, despite
its smaller scale, supporting SMRP BV's rating at the same level
as that of Faurecia. SMRP BV has stronger profitability than
Faurecia and its leverage compares well in post-expansion years
(FY20 onwards).
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer
- Revenue growth of around 10%-15% over FY19-FY20 (FY18: 31%),
supported by a strong order book and consolidation of Reydel;
mid-single-digit revenue growth thereafter.
- Gradual EBITDA margin improvement to above 10% (FY18: 9%)
over the next two to three years, driven by increasing scale and
ramp-up of operations at newly commissioned plants.
- Capex intensity, measured as a percentage of sales, to remain
high at above 5.0% in FY19 (FY18: 5.4%), before declining to
around 4% in FY20.
- MSSL dividend payout to remain below 40% of net income.
RATING SENSITIVITIES
Developments that May, Individually or Collectively, Lead to
Positive Rating Action
- Meaningful progress in MSSL improving its consolidated
adjusted net leverage, defined as total adjusted net
debt/operating EBITDAR, after Fitch's adjustment for minorities
and factoring, to below 2.0x on a sustained basis.
- MSSL consolidated free cash flow margin improving to above
1.0% on a sustained basis.
- MSSL maintaining or improving its business diversification.
Developments that May, Individually or Collectively, Lead to
Negative Rating Action
- MSSL consolidated adjusted net leverage remaining above 3.0x
for a sustained period.
LIQUIDITY
Strong Liquidity: MSSL has a robust liquidity position with no
significant debt maturities before FY22. MSSL had INR16.5 billion
of unrestricted cash and INR53.9 billion of available committed
bank facilities, including INR33.5 billion in SMRP BV, at FYE18.
This was more than sufficient to meet INR22 billion of near-term
debt maturities in FY19. The liquidity profile is strengthened by
Fitch's expectation of positive free cash flow from FY19 and SMRP
BV's access to bank and international debt capital markets.
FULL LIST OF RATING ACTIONS
Samvardhana Motherson Automotive Systems Group BV
-- Long-Term IDR affirmed at 'BB+'; Outlook Positive
-- Rating on USD400 million 4.875% senior secured notes due
2021 affirmed at 'BBB-'
-- Rating on EUR100 million 3.7% senior secured notes due 2025
affirmed at 'BBB-'
-- Rating on EUR300 million 1.8% senior secured notes due 2024
affirmed at 'BBB-'
=========
S P A I N
=========
BANKINTER 2 PYME: Moody's Affirms C Rating on Class E Notes
-----------------------------------------------------------
Moody's Investors Service has upgraded the ratings of two
tranches, confirmed the rating of one tranche and affirmed the
ratings of seven tranches in two Spanish ABS-SME deals.
Issuer: BANKINTER 2 PYME, FTA
EUR16.2M Class B Notes, Affirmed Aa1 (sf); previously on Apr 24,
2018 Upgraded to Aa1 (sf)
EUR27.5M Class C Notes, Affirmed Aa1 (sf); previously on Apr 24,
2018 Upgraded to Aa1 (sf)
EUR10.7M Class D Notes, Upgraded to A1 (sf); previously on Apr
24, 2018 Baa1 (sf) Placed Under Review for Possible Upgrade
EUR14.6M Class E Notes, Affirmed C (sf); previously on Dec 01,
2017 Affirmed C (sf)
Issuer: BANKINTER 3 FTPYME, FTA
EUR288.9M (Current outstanding balance EUR 10.5M) Class A2 Notes,
Affirmed Aa1 (sf); previously on Apr 24, 2018 Upgraded to Aa1
(sf)
EUR91.2M (Current outstanding balance EUR 33.7) Class A3 (G)
Notes, Affirmed Aa1 (sf); previously on Apr 24, 2018 Upgraded to
Aa1 (sf)
EUR23.1M Class B Notes, Affirmed Aa1 (sf); previously on Apr 24,
2018 Upgraded to Aa1 (sf)
EUR6M Class C Notes, Upgraded to Baa1 (sf); previously on Apr 24,
2018 Baa3 (sf) Placed Under Review for Possible Upgrade
EUR10.8M Class D Notes, Confirmed B2 (sf); previously on Apr 24,
2018 B2 (sf) Placed Under Review for Possible Upgrade
EUR17.4M Class E Notes, Affirmed C (sf); previously on Dec 01,
2017 Affirmed C (sf)
The two transactions are ABS backed by small to medium-sized
enterprise (ABS SME) loans located in Spain and originated by
Bankinter, S.A. ("Bankinter") (Baa1/P-2).
RATINGS RATIONALE
Moody's upgrades conclude Moody's review, dated April 24, 2018,
following the upgrade of the Government of Spain's sovereign
rating to Baa1 from Baa2 and the raising of the country ceiling
of Spain to Aa1 from Aa2.
The ratings are also prompted by the increase in the credit
enhancement available for the affected tranches due to portfolio
amortization.
Credit Enhancement levels for the Class D Notes in Bankinter 2
PYME, FTA, have increased to 25.8% from 21.5% since last upgrade
taken on this tranche in December 2017.
In the case of Class C Notes in Bankinter 3 FTPYME, FTA, credit
enhancement levels have increased to 33.3% from 29.4% since last
upgrade taken on this tranche in December 2017.
Revision of key collateral assumptions
As part of the review, 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 as well as portfolio credit enhancement (PCE) due to
observed pool performance in line with expectations on both
BANKINTER 2 PYME, FTA and BANKINTER 3 FTPYME, FTA.
Exposure to counterparties
Moody's rating action took into consideration the Notes' exposure
to relevant counterparties, such as servicer, account banks or
swap providers.
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.
Moody's also matches banks' exposure in structured finance
transactions to the CR Assessment for commingling risk, with a
recovery rate assumption of 45%.
Moody's also assessed the default probability of the account bank
providers by referencing the bank's deposit rating.
Moody's assessed the exposure to the swap counterparties. Moody's
considered the risks of additional losses on the Notes if they
were to become unhedged following a swap counterparty default by
using CR Assessment as reference point for swap counterparties.
Principal Methodology:
The principal methodology used in these ratings was "Moody's
Global Approach to Rating SME Balance Sheet Securitizations"
published in August 2017.
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.
LHMC BIDCO: S&P Assigns Prelim 'B+' Long-Term ICR, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings said that it assigned its preliminary 'B+'
long-term issuer credit rating to LHMC Bidco SLU, the newly
created parent company of Spain-based gaming company Cirsa Gaming
Corp. The outlook is stable.
S&P said,"At the same time, we assigned our preliminary 'B+'
issue rating and '3' recovery rating to the proposed EUR1,560
million senior secured notes, issued by LHMC Finco Sarl. This
reflects our expectation of meaningful recovery (50%-70%, rounded
estimate: 55%) in the event of payment default.
"The final issuer and issue ratings will depend upon our receipt
and satisfactory review of all final issuance documentation.
Accordingly, the preliminary ratings should not be construed as
evidence of the final ratings.
"If S&P Global Ratings does not receive final documentation
within a reasonable timeframe, or if final documentation departs
from materials reviewed, we reserve the right to withdraw or
revise our ratings. Potential changes include, but are not
limited to, use of loan proceeds, maturity, size and conditions
of the loans, financial and other covenants, security, and
ranking.
"Our preliminary ratings on LHMC Bidco follow Blackstone's April
27 announcement that it will acquire Cirsa Gaming Corp. (BB-
/Watch Neg). After the acquisition, the financial accounts will
be consolidated at LHMC Bidco.
"Our assessment of Cirsa's business profile remains supported by
its leading positions in most of its operating countries and the
high barriers to entry that protect Cirsa from competition. We
acknowledge that the casino business operates through long-term
licenses (generally 10-20 years); the slot division generally
operates with five-year exclusivity agreements (many of them have
been consistently renewed for the past 20 years); and the slot
and B2B divisions require significant financial resources,
operating expertise, and a qualified workforce."
Despite the company's still considerable exposure to the more
unstable business environments in Latin America, it has reduced
this exposure by carving out the Argentinean business that
represented nearly 20% of total group EBITDA in the financial
year ending Dec. 31, 2017 (FY2017). (As part of the sale, it was
decided that this business would remain in the hands of the
previous owner.)
The divestment of the Argentinian business reduces
diversification and creates a smaller EBITDA base. It is credit
positive, in our view, however, due to Cirsa's previous EBITDA
concentration in this country, in which we see high regulatory,
political, and foreign exchange (FX) fluctuation risk. Moreover,
Cirsa was exposed to license renewal risk related to the Casino
of Buenos Aires, which represented more than half of the EBITDA
derived from Argentina and was due to expire in October 2019.
After the transaction, around 45% of EBITDA will be derived from
Latin America, mainly from Panama (20% of total EBITDA), Colombia
(13%), and Mexico (9%), while Spain will represent around 45% of
EBITDA. S&P said, "We acknowledge that within Latin America Cirsa
has diversified its operations among different countries,
therefore reducing the regulatory and political risk related to
one single market. We expect the company to keep the same
geographical EBITDA mix over the next three years.
S&P said, "In our view, Cirsa's business assessment is
constrained by its concentration on the casino and slots
divisions and its limited diversification in online gaming. The
online sport betting market in Spain (the only country where
Cirsa operates online) is very competitive and fragmented, with
around 60 companies currently operating there. Cirsa is No. 4 in
the Spanish online gaming market by revenue. However, the
company's presence is limited compared to other rated European
peers and we don't expect meaningful growth from this business
division over the next two-to-three years.
"Our assessment of Cirsa also reflects the company's current lack
of hedging against the risk of currency fluctuations stemming
from its significant exposure to Latin America. We believe that
management will continue to rely on the natural hedge of its
balance sheet, which we see as a risk to the stability of
profitability and cash flow generation.
"Cirsa has demonstrated its ability to keep expanding and
maintain a broadly stable EBITDA margin during economic downturns
in its key operating countries. Although we recognize the
company's resilience, in our view, it remains highly exposed to
the regulatory and taxation changes inherent in the gaming
industry globally.
"We expect Cirsa's revenues and EBITDA growth to be driven by the
casinos and slots business segments (around 80%-85% of total
growth). In terms of geography, Spain, Panama, and Colombia are
expected to be the main growth contributors through organic
growth as well as by expanding best-performing halls, greenfield
projects, and small merger and acquisition (M&A) opportunities.
In our view, the sound macroeconomic prospects in Spain and most
of the Latin American countries should contribute to Cirsa's
growth.
"In our base case, we don't expect any major debt repayment
during 2018-2020, leading to an adjusted debt to EBITDA ratio of
around 4.7x and free operating cash flow (FOCF) to debt ratio of
circa 6%, on a weighted-average basis. We believe that Cirsa will
continue generating strong FOCF and that it will not deviate from
its committed target of reported net leverage of below 4.1x.
"While adjusted debt to EBITDA is below 5.0x, Cirsa's financial
risk profile is capped by its financial sponsor ownership, which
suggests a potentially more aggressive financial policy. That
said, we apply a one-notch uplift to the anchor to derive the
rating to reflect that Cirsa's credit metrics are stronger than
those of other issuers with highly leveraged financial risk
profiles, its proven track record of substantial FOCF generation,
and the company's communicated leverage target at below 4.1x."
In S&P's base case, it assumes:
-- Solid macroeconomic prospects in Cirsa's core countries with
expected real GDP growth of 2.6% in Spain, 5.0% in Panama,
and 2.2% in both Mexico and Colombia for 2018. In 2019, S&P
expects real GDP growth of 2.0% in Spain, 5.0% in Panama,
2.4% in Mexico, and 2.5% in Colombia. S&P forecasts that this
will bolster Cirsa's growth over the next two years. Annual
revenue growth of around 2%-4% during 2018-2020, supported by
selective acquisitions across various divisions and organic
growth thanks to improved macroeconomic conditions.
-- Reported EBITDA margins of 21%-23%, marginally increasing
during 2018-2020 thanks to productivity programs such as
revenue mix management and efficiency plans. However, S&P
believes that potential tax increases might prevent Cirsa
from improving the EBITDA margin as planned, although nothing
is anticipated in the short term.
-- Capital expenditure (capex) of about EUR170 million over the
forecast period, of which S&P assumes around EUR120 million
relates to organic capex and the remainder for growth
initiatives and acquisitions of below EUR25 million value.
-- No acquisitions of over EUR25 million are included in S&P's
base case.
-- Dividends to minorities of around EUR30 million per year.
Based on these assumptions, S&P arrives at the following credit
measures:
-- Adjusted debt to EBITDA of 4.8x in 2018, moving progressively
toward 4.6x by 2020.
-- Adjusted FFO to debt of 13.7% in 2018, increasing to 14.5% by
2020.
-- Strong positive free cash flow generation of around EUR70
million-EUR90 million per year, leading to a FOCF to debt of
nearly 6.0% in 2018, 6.2% in 2019, and 6.6% in 2020. Under
S&P's scenario analysis, it forecasts that leverage and cash
flow metrics could move to a highly leveraged category and
therefore breach our downside scenario triggers if Cirsa's
EBITDA margin drops by 200 basis points from its base case,
on a sustainable basis.
S&P said, "The stable outlook reflects our expectation that Cirsa
will increase revenues by around 2%-4% and maintain a reported
EBITDA margin at above 20% over the next 12 months. This will be
driven by selective acquisitions across different business
divisions and countries, discontinuance of underperforming halls,
and improved macroeconomic conditions in its most important
markets. In our base case, we anticipate that Cirsa's adjusted
debt to EBITDA will be 4.7x-4.8x and FOCF to debt around 6%, with
adequate liquidity. The stable outlook also reflects our
expectation that the financial policy will remain commensurate
with the company's target reported net leverage of below 4.1x
(S&P Global Ratings-adjusted: around 4.7x).
"We could consider lowering our rating on Cirsa if the company
incurred a major debt-financed M&A or dividend recap that could
lead to adjusted debt to EBITDA increasing sustainably above 5.0x
and FOCF to debt decreasing well below 5%. This could occur if
Cirsa's operating performance materially deteriorated due to
adverse regulatory or economic changes in the main markets. We
could also consider a downgrade if the financial sponsor took a
more aggressive financial policy or if we perceive Cirsa's
liquidity materially weakening.
"We see rating upside as unlikely over the next 12 months. We
could consider an upgrade if Cirsa committed to a financial
policy supportive of S&P Global Ratings-adjusted leverage of
below 4.0x and FOCF to debt above 10%, on a sustainable basis.
This would need to be accompanied by a clear commitment from
owners to maintain this financial policy, strong operating
performance, an implementation of FX hedging, and adequate
liquidity."
PESCANOVA SA: To Appeal Order Forcing Deposit to Guarantee Claims
-----------------------------------------------------------------
Reuters reports that Pescanova said it will appeal an order which
forces the company to place deposits to guarantee claims in a
lawsuit.
According to Reuters, the execution of the order could place
Pescanova in a state of temporary insolvency.
Pre-trial document filed on June 11 orders Pescanova to deposit
EUR348.2 million (US$405.3 million) to respond to claims raised
in a lawsuit and additional EUR602.9 million for other security
deposits, Reuters discloses.
Pescanova SA is a Galicia-based fishing company. The company
catches, processes, and packages fish on factory ships. It is
one of the world's largest fishing groups.
Pescanova filed for insolvency on April 15, 2013, on at least
EUR1.5 billion (US$2 billion) of debt run up to fuel expansion
before economic crisis hit its earnings. The Pontevedra
mercantile court in northwestern Galicia accepted Pescanova's
insolvency petition on April 25. The court ordered the board of
directors to step down and proposed Deloitte as the firm's
administrator.
===========
S W E D E N
===========
UNILABS HOLDING: S&P Affirms 'B' Long-Term ICR, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term issuer credit
rating on diagnostic lab operator Unilabs Holding AB (Unilabs).
The outlook is stable.
S&P said, "We affirmed our 'B' issue ratings on the EUR1,380
million term loan B due 2024 (including the proposed EUR250
million add-on) and the EUR200 million revolving credit facility
(RCF) due 2023. The recovery rating is unchanged at '3',
signifying that we expect meaningful recovery (50%-70%; rounded
estimate 50%) in the event of a payment default.
"We also affirmed our 'CCC+' issue rating on the EUR405 million
senior notes due 2025. The recovery rating is unchanged at '6',
reflecting our expectation of negligible (0%-10%) recovery in the
event of a payment default.
The affirmation follows Unilabs' recently announced plans to
issue a EUR250 million add-on to its existing senior secured term
loan B facility to partly fund the planned acquisition of a
private laboratory player. The acquisition would enable the group
to expand its presence substantially in a key existing market,
and S&P understands that the debt indenture and 2024 maturity for
the existing senior facility agreement will remain unchanged.
Unilabs also made major acquisitions in 2017, including Base
Holding (Base) and Alpha Medical (Alpha). These saw the group add
more than EUR60 million to its annualized EBITDA generation while
increasing its exposure to higher-growth specialty volumes and
new markets.
Unilabs is a European diagnostics company providing clinical
testing and medical diagnostic imaging services to its clients.
It has a broad geographic footprint in Europe. The group
generated revenues of EUR805.8 million in 2017 (EUR679.6 million
in 2016) and is majority-owned by a private equity group, Apax
Partners.
The planned acquisition operates a network of technical platforms
and 50 collection centers in areas that have high population
growth. Most of its volumes are attributed to routine testing.
The group recorded revenue of EUR77.5 million. Its EBITDA margins
are relatively high compared with the existing Unilabs business.
S&P said, "Once integrated, we expect Unilabs to benefit from
economies of scale by extracting cost savings. This will help it
reduce leverage over the near-to-medium term. Savings from
rationalizing its regional presence and procurement should be
reasonably straightforward to achieve and we also see some
potential for revenue synergies as the group introduces
specialty-testing capabilities to a wider patient base. That
said, management will need to focus its attention on digesting
these acquisitions, given the size and frequency of the recent
debt-funded acquisitions. Although the management team has
established a track record of operational optimization, we
continue to closely monitor group performance as execution risks,
including service disruptions and integration costs, can impair
cash flow generation. We consider these risks will have limited
impact, however, given the relative size of the legacy Unilabs
business and EBITDA base and the fact that most recent bolt-on
additions do not require a fundamental turnaround strategy.
"Our view of Unilab's business strength still depends on its
leading positions in its core markets, which include Switzerland,
France, Sweden, Portugal, and Norway. The group's pan-European
presence should help mitigate any negative pricing pressure it
faces in a single market. Its continued focus on productivity and
efficiency in its operations is also positive, in our view. We
predict that the group will achieve reported EBITDA margins
around 19%-20% in 2018 and 2019 and will also steadily improve
its cash conversion.
"We revised our forecast for reported EBITDA generation to EUR200
million-EUR210 million in 2018, rising to EUR225 million-EUR240
million in 2019 following the planned acquisition. Despite the
recent bolt-on acquisitions, the European lab market remains
extremely fragmented and Unilabs' relative size and service
offering does not give it a dominant bargaining position with
payors and customers, in our view. Competitive rivalry and the
systemic exposure to political vagary in respective markets
remain key risks to Unilabs achieving earnings growth.
"We maintain our highly leveraged financial risk profile
assessment in light of the financial-sponsor ownership of the
group. This is supported by our core adjusted credit metrics of
debt-to-EBITDA of 11.0x-12.5x and funds from operations (FFO)-to-
debt of less than 3% in our forecasts in 2018 and 2019. Our
estimates of debt include the increased EUR1,380 million term
loan B facility, EUR405 million senior notes, approximately
EUR975 million of cumulative preference shares and shareholder
loans; and close to EUR160 million of operating lease and pension
obligations in our calculations.
"Given the financial sponsor ownership, we do not net off any
cash balances that are held by Unilabs. Although we view the
preference shares and shareholder loans as debt-like, we
recognize their cash-preserving function. Excluding these debt-
like instruments, Unilabs' financial risk profile would remain in
line with a highly leveraged assessment, with debt to EBITDA of
7.5x-8.0x by Dec. 31, 2018, falling to 6.5x-7.5x in 2019 and
2020. We expect the group to comfortably cover its cash interest
costs and record FFO cash interest coverage of above 3.0x in 2018
and 2019 while generating free operating cash flow (after
interest costs and capital expenditure) above EUR40 million for
the corresponding period."
In its base case, S&P assumes:
-- Revenues will increase by about 28%-33% in 2018, reflecting
the full-year contribution of the Alpha and Base
acquisitions. S&P said, "We expect growth of 7%-12% in 2019,
reflecting full-year contributions from bolt-on acquisitions,
including this planned transaction. We expect organic growth
to be based on increased contract wins and augmented by
smaller bolt-ons for the next 12 months."
-- Unilabs' continued focus on operating efficiency and
increasing exposure to specialty volumes will support steady
improvement in reported profitability metrics. Management is
methodically mitigating execution risks linked with these
acquisitions.
-- Capital expenditure (capex) to be about EUR45 million-EUR55
million a year in 2018 and 2019.
-- Acquisitions after this planned transaction are unlikely to
exceed EUR100 million over the next 12 months.
-- No dividend payments.
Based on these assumptions, S&P arrives at the following credit
metrics:
-- Revenues of EUR1 billion-EUR1.1 billion in 2018, rising to
EUR1.1 billion-EUR1.25 billion in 2018.
-- Stable operating performance resulting in adjusted EBITDA
margins of 22.5%-24.5% in 2018 and 2019.
-- Adjusted debt to EBITDA of 12.0x-13.0x in 2018, falling to
11.0x-12.0x in 2019.
-- FFO cash interest coverage above 3.0x in 2018 and 2019.
-- Free operating cash flow (FOCF) to debt of 2.5%-3.5% in 2018
and 2019.
S&P said, "The stable outlook on Unilabs reflects our view that
Unilabs' strengthening market positions, increasing scale, and
operating model should enable the group to sustain its operating
performance and cash flow generation, despite pressure on
reimbursement tariffs across the industry. In our opinion,
Unilabs should maintain an adjusted fixed-charge coverage ratio
of more than 1.5x over the next 12-18 months, enabling it to
comfortably cover its interest payments and rents. We also expect
deleveraging, excluding the subordinated shareholder loans,
toward 6.5x, alongside modest free operating cash flow (FOCF)
above EUR30 million.
"We could consider lowering the ratings if Unilabs' operating
underperformance was such that the group recorded negative FOCF
and experienced pressure on its liquidity position and covenant
headroom. This would most likely also result in the group's
fixed-charge coverage approaching 1.5x.
"We also closely monitor the group's adjusted leverage, excluding
the subordinated shareholder loans. We believe refinancing risk
would be heightened if adjusted cash-paying leverage were to
remain around 8.5x-9.0x, which could lead to a downgrade. This
would likely be the result of continued accelerated debt-funded
acquisitions which would result in incremental increases in
leverage based on a normalized EBITDA level."
Deteriorating earnings generation due to an inability to
profitably integrate, or material volume attrition under existing
contractual arrangements with customers could also affect FOCF
generation and result in a downgrade.
S&P said, "We would likely take a positive rating action if
Unilabs' adjusted leverage were to fall substantially toward
5.0x, thus reducing the group's long-term refinancing risk. This
would also be supported by adjusted fixed-charge coverage
sustainably rising above 2.2x in our base-case scenario. Ratings
upside would also be conditional on rising FOCF generation and
the group prioritizing debt reduction. The most likely operating
trigger for such developments would be an accelerated return on
the ongoing investment program, which could boost the
productivity and profitability of the group's laboratory network,
while it continues to increase sales volumes."
===========
T U R K E Y
===========
AKBANK TAS: Moody's Assigns Ba2 Counterparty Risk Rating
--------------------------------------------------------
Moody's Investors Service has assigned Counterparty Risk Ratings
(CRR) to all 17 rated Turkish banks.
Moody's Counterparty Risk Ratings are opinions of the ability of
entities to honour the uncollateralized portion of non-debt
counterparty financial liabilities (CRR liabilities) and also
reflect the expected financial losses in the event such
liabilities are not honoured. CRR liabilities typically relate to
transactions with unrelated parties. Examples of CRR liabilities
include the uncollateralized portion of payables arising from
derivatives transactions and the uncollateralized portion of
liabilities under sale and repurchase agreements. CRRs are not
applicable to funding commitments or other obligations associated
with covered bonds, letters of credit, guarantees, servicer and
trustee obligations, and other similar obligations that arise
from a bank performing its essential operating functions.
RATINGS RATIONALE
Moody's said that the CRRs assigned to Turkish banks are in line
with their Counterparty Risk Assessments (CR Assessment) already
outstanding.
Because Moody's considers Turkey a jurisdiction with a non-
operational resolution regime, in assigning CRRs to the Turkish
banks subject to this rating action, the rating agency starts
with the banks' adjusted Baseline Credit Assessment (BCA) and
uses the agency's existing basic Loss-Given-Failure (LGF)
approach; Moody's basic LGF analysis provides one notch of uplift
from the banks' adjusted BCAs.
Furthermore, for seven banks the CRR incorporates some uplift
from government support, deriving from Moody's expectation of
very high or high probability of government support, in line with
the rating agency's assumptions on senior unsecured debt and
deposits. For six banks (Akbank TAS, Export Credit Bank of Turkey
A.S., T.C. Ziraat, Turkiye Is Bankasi A.S., Turkiye Sinai
Kalkinma Bankasi A.S., Turkiye Vakiflar Bankasi TAO) the uplift
on the CRR from government support is one notch, and for one bank
(Turkiye Halk Bankasi) the uplift on the CRR from government
support is higher at two notches because of its lower adjusted
BCA.
Finally, Moody's has assigned CRR in the National Scale Rating
(NSR) to the seven banks that already have deposit ratings in
NSR: Alternatifbank A.S., HSBC Bank A.S. (Turkey), ING Bank A.S.
(Turkey), Odea Bank A.S., Sekerbank T.A.S., Turkiye Garanti
Bankasi A.S., Yapi ve Kredi Bankasi A.S.
OUTLOOK
CRR do not carry outlooks. The long-term CRRs of all Turkish
banks are on review for downgrade, reflecting the review on the
banks' standalone baseline credit assessments (BCA) and the
review on Turkey's Ba2 sovereign debt rating.
For four banks, only the long-term NSR CRR is on review for
downgrade (Alternatifbank A.S., ING Bank A.S. (Turkey), Turkiye
Garanti Bankasi A.S., Yapi ve Kredi Bankasi A.S.), reflecting
high NSR CRR between Aaa.tr and Aa2.tr. For three banks (HSBC
Bank A.S. (Turkey), Odea Bank A.S., Sekerbank T.A.S.), both long-
term and short-term NSR CRR are on review for downgrade,
reflecting lower NSR CRR between A1.tr and Baa3.tr.
FACTORS THAT COULD LEAD TO AN UPGRADE/DOWNGRADE
An upgrade of CRRs is unlikely at the moment, given the current
reviews for downgrade.
A downgrade of the CRRs could be driven by a downgrade of Turkish
banks' standalone BCAs, which are currently on review for
downgrade, by a reduction of affiliate support for foreign-owned
banks (Alternatifbank A.S., Denizbank A.S., HSBC Bank A.S.
(Turkey), ING Bank A.S. (Turkey), QNB Finansbank AS, Turk Ekonomi
Bankasi A.S., Turkiye Garanti Bankasi A.S., and Yapi ve Kredi
Bankasi A.S.), or by a reduction in the capacity of the
government to provide support (Akbank TAS, Export Credit Bank of
Turkey A.S., T.C. Ziraat Bankasi, Turkiye Halk Bankasi A.S.,
Turkiye Is Bankasi A.S., Turkiye Sinai Kalkinma Bankasi A.S., and
Turkiye Vakiflar Bankasi TAO), for example following a downgrade
of Turkey's Ba2 sovereign debt rating, which is currently on
review for downgrade.
LIST OF AFFECTED RATINGS
Issuer: Akbank TAS
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Alternatifbank A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba1
NSR Long-term Counterparty Risk Rating, assigned Aaa.tr
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
NSR Short-term Counterparty Risk Rating, assigned TR-1
Issuer: Denizbank A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Export Credit Bank of Turkey A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: HSBC Bank A.S. (Turkey)
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba3
NSR Long-term Counterparty Risk Rating, assigned A2.tr
NSR Short-term Counterparty Risk Rating, assigned TR-1
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: ING Bank A.S. (Turkey)
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba1
NSR Long-term Counterparty Risk Rating, assigned Aaa.tr
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
NSR Short-term Counterparty Risk Rating, assigned TR-1
Issuer: Odea Bank A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba3
NSR Long-term Counterparty Risk Rating, assigned A1.tr
NSR Short-term Counterparty Risk Rating, assigned TR-1
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: QNB Finansbank AS
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba1
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Sekerbank T.A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned B2
NSR Long-term Counterparty Risk Rating, assigned Baa3.tr
NSR Short-term Counterparty Risk Rating, assigned TR-3
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: T.C. Ziraat Bankasi
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Turk Ekonomi Bankasi A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba1
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Turkiye Garanti Bankasi A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
NSR Long-term Counterparty Risk Rating, assigned Aa1.tr
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
NSR Short-term Counterparty Risk Rating, assigned TR-1
Issuer: Turkiye Halk Bankasi A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba3
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Turkiye Is Bankasi A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Turkiye Sinai Kalkinma Bankasi A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Turkiye Vakiflar Bankasi TAO
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba3
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
Issuer: Yapi ve Kredi Bankasi A.S.
Assignments and placed on review for downgrade:
Long-term Counterparty Risk Rating (Local and Foreign Currency),
assigned Ba2
NSR Long-term Counterparty Risk Rating, assigned Aa2.tr
Assignments:
Short-term Counterparty Risk Rating (Local and Foreign Currency),
assigned NP
NSR Short-term Counterparty Risk Rating, assigned TR-1
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Banks
published in June 2018.
KESKINOGLU: Court Approves Temporary Concordatum Application
------------------------------------------------------------
Taylan Bilgic at Bloomberg News, citing Hurriyet, reports that
Keskinoglu's application for temporary concordatum was approved
at court.
The company says it has restructured loans with banks in
January 2017, Bloomberg relates.
According to Bloomberg, the company says it is "in danger of not
paying its debt" due to liquidity crunch, high raw material
costs, FX fluctuations and low prices.
The court approved a three-month concordatum period, Bloomberg
notes. The company says it is assessing opportunities, including
international cooperations, Bloomberg discloses.
Keskinoglu is a poultry company based in Turkey.
===========================
U N I T E D K I N G D O M
===========================
AMPHORA FINANCE: Fitch Assigns Final 'B' LT IDR, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has assigned Amphora Finance Limited a final Long-
Term Issuer Default Rating (IDR) of 'B'. The Outlook is Stable.
Fitch as also assigned Amphora's senior secured GBP301 million
Term Loan B, due seven years from close, a final rating of 'BB-'
with a Recovery Rating of 'RR2'.
Amphora is a holding company that wholly owns Australia-based
wine producer, Accolade Wines. Accolade is the fifth-largest wine
company globally by volume and a leading player in the UK and
Australian markets.
The rating assigned to Accolade reflects its strong business
profile, given its market positions in core geographies, high-
quality asset base and diversified sourcing arrangements.
However, its credit profile is constrained by the group's high
leverage, defined as FFO adjusted net leverage, which Fitch
expects to remain above 5.0x until at least the financial year
ending June 2020 (FY20). Fitch also expects the company to take
longer than its target of four years to achieve a company-defined
net debt/EBITDA of 3.0x or lower.
This rating follows the completion of the acquisition of Accolade
by The Carlyle Group and the receipt of relevant loan documents
confirming information already received.
KEY RATING DRIVERS
Sustained High Leverage: Carlyle's acquisition of Accolade and
subsequent changes to the capital structure will result in
Accolade having pro forma leverage of 6.4x at FY18. Accolade
plans to deleverage using operating cash flow, but Fitch expects
no significant deleveraging until FY20 because the company's
construction of its Berri bottling facility will only be
completed at FYE19. Accolade's financial profile would improve
and positive rating action may result if it can achieve its
target of reducing leverage to 3.0x within four years, although
this is not Fitch's base case.
Premiumisation to Drive Growth: The trend towards premiumisation,
or appealing to consumers by emphasising exclusivity and better
quality, is a key growth driver in the wine industry,
particularly in Accolade's key markets of Australia and the UK.
Fitch believes Accolade's portfolio is well-positioned to capture
outsized growth in premium product categories, supported by its
recent acquisitions of Grant Burge and Fine Wine Partners, which
bolstered the group's premium wine portfolio. Accolade's ability
to promote these wines and achieve the benefits from this global
trend is key to the company achieving revenue growth in these
markets over the medium term.
Focus on Growth in China: Accolade aims to increase its limited
footprint in China to drive growth. China is the largest consumer
of wine in the world, but continues to rank below global averages
in consumption per capita, indicating potential for growth. In
addition, imported wines are becoming increasingly popular with
Chinese consumers. However, the market is competitive and
Accolade is expanding in the market after the success of other
Australian wine producers, namely Treasury Wine Estates Limited
and Yellow Tail.
Accolade's success in achieving its stated growth target will
depend on securing appropriate distribution channels, correct
portfolio positioning and execution of its plan using a measured
approach; this should help rein in costs, which Fitch considers
as a key risk to this strategy.
Leading Global Wine Producer: Accolade is the fifth-largest wine
group in the world by volume. It is the leading player in the UK
by volume and value (8% market share), which is twice the market
of the second-largest UK competitor. In Australia, it is the
leading player by volume and number two by value. The UK and
Australia rank third and fourth, respectively, per capita wine
consumption globally and consumption has been resilient even
during economic downturns. Accolade's portfolio of around 50
brands supports its market position and includes Hardy's - the
best-selling wine brand in the UK and one of the top-10 brands
globally.
Sustainability of Supply: Accolade is reliant on external
suppliers. It sources around 97% of its wines from purchased
grapes (around 66%) and bulk wine (around 30%). The group has an
evergreen supply contract with The Riverland Grape Producers Co-
operative (CCW), the largest single supplier of Accolade's grapes
that accounts for around 48% of the company's total wine source.
CCW is Australia's largest grape grower co-operative with over
500 growers, and its supply to Accolade historically has
benefited from the stable composition of the co-operative and its
market-based pricing structure.
The location of Accolade's major wineries in Australia's
Riverland region also benefits from the region's access to South
Australia's Murray River as a water source. This has helped the
region deliver stable grape volumes over the past decade, despite
being located in inland Australia and subject to drought weather
conditions.
Berri Facility to Reduce Costs: Accolade has a favourable cost
position compared with peers, primarily due to the efficiencies
it derives from its Accolade Park bottling facility in Bristol,
UK. Fitch expects the opening of a similar bottling facility in
Berri, South Australia, due in 2019, to deliver significant
annual cost savings. This, alongside the revenue growth from the
increasing share of premium products in Accolade's wine
portfolio, is likely to bridge some of the margin gap with peers.
Term Loan B Notched for Security: The 'BB-' rating on Amphora's
senior secured Term Loan B reflects the guarantee and security
provided under the loan terms. The loan is guaranteed by entities
within the 100%-owned group, which cover at least 80% of group
EBITDA, including all companies contributing 5% or more of group
EBITDA on a standalone basis. The loan also benefits from
security over group assets, with a floating charge over the
shares and all assets in the UK and Australia. Fitch's bespoke
analysis indicates a recovery given default of 86%, as reflected
in the 'RR2' Recovery Rating assigned to the loan.
DERIVATION SUMMARY
Amphora's rating reflects its high leverage, which constrains the
company's IDR to 'B'. Amphora's financial profile is weaker than
that of global peer, Russian spirits producer PJSC BELUGA GROUP
(B+/Stable), reflecting Fitch's expectation that its FFO adjusted
net leverage will remain above 5.0x until at least FY20, compared
with Beluga's of around 4.0x over the same period. At the same
time, Beluga has a leading market position in Russia and strong
brand portfolio in the Russian spirits market. These factors
account for the one-notch differential between the two companies'
IDRs. Beluga's rating also reflects the higher-than-average
systemic risks associated with the Russian business and
jurisdictional environment.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer
- Group sales volume to range between 26 million and 28 million
nine-litre cases per year
- Price per case to increase due to premiumisation of
Accolade's portfolio
- Cost savings from Fine Wine Partners acquisition as well as
economies of scale and increased efficiencies from the Berri
facility
- Capex per year of AUD30 million-40 million in FY18 and FY19
and around AUD25 million in FY20 and FY21
Recovery Assumptions:
- Amphora would remain a going concern in restructuring and be
reorganised rather than liquidated. Fitch has assumed a 10%
administrative claim in the recovery analysis.
- A 33% uplift to FY17 Fitch-calculated EBITDA, reflecting
Fitch's expected cost savings from the Berri facility, Fine Wine
Partners synergies and further costs savings at Accolade Park.
This results in a post-restructuring EBITDA of around AUD95
million. At this level, Fitch would expect Amphora to generate
positive free cash flow.
- A distressed multiple of 7.0x, reflecting Amphora's market
position versus sector peers and recent multiples in the sector.
- The AUD150 million revolving credit facility would be fully
drawn in a restructuring scenario.
RATING SENSITIVITIES
Developments that May, Individually or Collectively, Lead to
Positive Rating Action
Fitch does not anticipate taking positive rating action over the
next one to two years as Amphora deleverages towards its target
capital structure. However, the following developments may,
individually or collectively, lead to positive rating action:
- FFO adjusted net leverage improving to below 5.0x for a
sustained period (Fitch's pro-forma FY18 forecast: 6.4x).
- FFO fixed charge cover improving to above 2.5x for a
sustained period (Fitch's pro-forma FY18 forecast: 2.0x).
- Delivery of the business plan, as illustrated by the Berri
plant being operational and materialising of anticipated cost
savings, success of brand rationalisation/premiumisation and
implementation of the China strategy.
Developments that May, Individually or Collectively, Lead to
Negative Rating Action
- FFO adjusted net leverage deteriorating to above 6.5x for a
sustained period.
- EBITDA margin deteriorating to below 10.0% for a sustained
period (pro forma FY18: 11.5%).
- Deterioration in the group's business profile, for example,
if volume declines by 20% or more for a sustained period, the
sale of one or more of its main brands without a proven
replacement, or loss of a major customer in the concentrated UK
or Australian liquor retail markets (such as Tesco in the UK or
Woolworths and Coles in Australia).
LIQUIDITY
Refinancing Provides Headroom: The new capital structure,
following completion of the Carlyle acquisition of Accolade,
consists of a revolving credit facility of AUD150 million and a
term loan of GBP301 million (AUD550 million equivalent), both of
which are secured by group assets, with a floating charge over
the shares and all assets in the UK and Australia.
Fitch expects the revolving credit facility to remain undrawn,
with the term loan to be fully drawn and cash from the
acquisition of AUD25 million to fund the Berri bottling project.
Accordingly, Amphora has sufficient liquidity headroom over the
next two to three years to implement its strategy, with little
refinancing risk, as debt maturities are in six and seven years,
respectively.
CPUK FINANCE: Fitch Affirms B Ratings on Two Note Classes
---------------------------------------------------------
Fitch Ratings has affirmed CPUK Finance Limited's class A and
class B notes.
KEY RATING DRIVERS
The ratings consider CPUK's demonstrated ability to maintain high
and stable occupancy rates, increase price in excess of inflation
and, ultimately deliver strong financial performance. Overall,
Fitch expects the proactive and experienced management to
continue leveraging on the good quality estate and deliver steady
financial performance over the medium term, despite the increased
uncertainty following the UK referendum vote to leave the EU. The
extensive creditor protective features embedded in the debt
structure support the class A ratings, while the deep
subordination of the class B notes weighs negatively on their
ratings. The ratings are well positioned relative to criteria and
peers.
Operating Environment Drives Assessment - Industry Profile:
Weaker
The UK holiday parks sector has both price and volume risk, which
makes the projection of long-term future cash flows challenging.
It is highly exposed to discretionary spending and to some
extent, commodity and food prices. Events and weather risks are
also significant, with Center Parcs (CP) having been affected by
a fire and minor flooding in the past. Fitch views the operating
environment as a key driver of the industry profile, resulting in
its overall 'weaker' assessment. In terms of barriers to entry,
there is a scarcity of suitable, large sites near major
conurbations, which is credit positive. The offering is also
exposed to changing consumer behaviour, e.g. holidaying abroad or
in alternative UK sites.
Sub-KRDs: operating environment: weaker, barriers to entry:
midrange, sustainability: midrange
Strong Performing Market Leader - Company Profile: Stronger
Fitch views CP as a medium-sized operator with trailing 12 month
(TTM; ended December 2017) EBITDA of GBP220.6 million, and it
benefits from some economies of scale. Revenue and EBITDA growth
has been consistent through the cycle. Growth has been driven by
villa price increases, bolstered by committed development funding
upgrading villa amenities and increasing capacity. An aspect of
revenue stability is the high repeating customer base, with
around 60% of guests returning over five years and 35% within 14
months. CP also benefits from a high level of advanced bookings.
There are no direct competitors and the uniqueness of its offer
differentiates the company from camping and caravan options or
overseas weekend breaks. Management is generally stable, with the
current CEO having been in place since 2000 and there are no
known corporate governance issues. The CP brand is fairly strong
and the company benefits from other brands operated on a
concession basis at its sites. As the business is largely self-
operated, insight into underlying profitability is good. An
increasing portion of food and beverage revenues are derived from
concession agreements, but these are fully turnover-linked,
thereby still giving some visibility of the underlying
performance.
CP is reliant on high capex in order to keep its offer current
and remains a well-invested business with around GBP635 million
of capex since 2006 (around GBP390 million of
investment/refurbishment capex). Major accommodation upgrades
were completed by end-December 2016. The current capex plan
involves ongoing lodge refurbishment.
Sub-KRDs: financial performance: stronger, company operations:
stronger, transparency: stronger, dependence on operator:
midrange, asset quality: stronger
Cash Sweep Amortisation - Debt Structure: Class A - Stronger,
Class B - Weaker
All principal is fully amortising via cash sweep and the
amortisation profile under Fitch's rating case is commensurate
with the industry and company profile. There is an interest-only
period in relation to the class A notes, but no concurrent
amortisation. The class A notes also benefit from the
deferability of the junior-ranking class B. Additionally, the
notes are all fixed-rate, avoiding any floating-rate exposure and
swap liabilities.
The class B notes are sensitive to small changes in operating
stress assumptions and particularly vulnerable towards the tail
end of the transaction. This is because large amounts of accrued
interest may have to be repaid, assuming the class B notes are
not repaid at their expected maturity. The sensitivity stems from
the interruption in cash interest payments upon a breach of the
class A notes' cash lockup covenant (at 1.35x free cash flow
(FCF) debt service coverage ratio (DSCR)) or failure to refinance
any of the class A notes one year past expected maturity.
The transaction benefits from a comprehensive WBS security
package, including full senior-ranking asset and share security
available for the benefit of the noteholders. Security is granted
by way of fully fixed and qualifying floating security under an
issuer-borrower loan structure. The class B noteholders benefit
from a topco share pledge structurally subordinated to the
borrower group, and as such would be able to sell the shares upon
a class B event of default (e.g. failure to refinance in 2022).
However, as long as the class A notes are outstanding, only the
class A noteholders are entitled to direct the trustee with
regard to the enforcement of any borrower security (e.g. if the
class A notes cannot be refinanced one year after their expected
maturity).
Fitch views the covenant package as slightly weaker than other
typical WBS deals. The financial covenants are only based on
interest cover ratios (ICR) as there is no scheduled amortisation
of the notes. However, the lack of DSCR-based cash lockup
triggers and covenants is compensated by the cash sweep feature.
At GBP80 million, the liquidity facility is appropriately sized,
covering 18 months of the class A notes' peak debt service. The
class B notes do not benefit from any liquidity enhancement but
benefit from certain features while the class A notes are
outstanding, such as the operational covenants.
Sub-KRDs: debt profile: class A - stronger, class B - weaker,
security package: class A - stronger, class B - weaker,
structural features: class A - stronger, class B - weaker
Financial Profile
The deleveraging profile projected under Fitch's rating case
envisages class A and B full repayment by 2027 and 2033,
respectively. Both class A and B synthetic annuity-based DSCR
metrics are broadly in line with the last review at 2.9x and
2.2x.
PEER GROUP
Operationally, the most suitable WBS comparisons are WBS pubs, as
they share exposure to consumer discretionary spending, meaning
there is some commonality in the revenue risk. CP has proven less
cyclical than the leased pubs with strong performance during
major economic downturns. Due to the similarity in debt
structure, the transaction can also be compared with Arqiva.
Arqiva's WBS notes are also rated 'BBB' and envisage full
repayment via cash sweep by 2030, looser than the CPUK
expectation of full class A repayment by 2027. This is justified
by the 'Stronger' industry assessment for Arqiva, which benefits
from long-term contractual revenues with strong counterparties,
versus the 'Weaker' assessment for CPUK.
Arqiva's junior high yield debt is less comparable with CPUK's
class B due to the separate issuer and bullet maturity (which
introduces refinancing risk). However, full repayment is
envisaged by around 2035 in comparison with 2033 for the CPUK
class B notes. The earlier expected repayment of the CPUK class B
notes, lesser degree of subordination and cash sweep feature
explains the 'B' rating, which is one notch higher than Arqiva's
junior notes.
RATING SENSITIVITIES
Future Developments That May, Individually or Collectively, Lead
to Negative Rating Action:
Class A notes:
- A deterioration of the expected leverage profile with net
debt to EBITDA above 3.5x by 2022
- A full debt repayment of the notes beyond 2027 under Fitch's
rating case
Class B notes:
- Under Fitch's rating case, the class B notes are expected to
be repaid by around 2033. A significant deterioration in this
timing could result in negative rating action.
Future Developments That May, Individually or Collectively, Lead
to Positive Rating Action:
Class A notes:
- A significant improvement in performance above Fitch's rating
case, with a resulting improvement in the projected deleveraging
profile to below around 3x in 2022
- A full debt repayment of the notes before 2027 under Fitch's
rating case
Class B notes:
- An upgrade of the class B3 and class B4 notes is precluded
under the WBS criteria given the current tap language, which
requires the ratings post-tap to be the lower of the ratings of
the class B3 and B4 notes at close and the then current ratings
pre-tap (i.e. potentially 'B' or lower). This means an upgrade
could result in unwanted rating volatility if the transaction
taps the class B3 or class B4 notes. Even without this provision,
given the sensitivity of the class B notes to variations in
performance due to its deferability, they would be unlikely to be
upgraded above the 'B' category.
CREDIT UPDATE
Performance Update
Recent performance has been strong and in line with the long-term
trend. For the TTM ending 28 December 2017, revenue was up 5.5%
to GBP455.6 million and EBITDA was up 7.0% to GBP220.6 million.
Quarterly average daily rate and rent per available lodge night
averaged over four quarters were up 4.7% and 5.8% to GBP185 and
GBP181, respectively. TTM EBITDA to December 2017 grew by 7.0% to
GBP220.6 million. The 11-year revenue and EBITDA CAGRs to FY17
remain strong at 5.8% and 8.7% (3.6% and 6.6% on a per parc
basis), respectively. Historical FCF metrics remain stable and
well above covenant levels.
Fitch Cases
Under Fitch's rating case, EBITDA is projected to grow at a long-
term CAGR of 0%. However, EBITDA generated is higher than the
CAGR suggests given the convex shape of the curve. This reflects
CPUK's industry risk, whereby strong recent historical
performance is reflected over the short- to medium-term
forecasts. However, beyond 10 years revenue visibility reduces
resulting in a projected decline over the long term. Fitch
forecasts FCF to grow at a CAGR of -1% after taking capex,
working capital and tax into account.
Asset Description
CPUK Finance Limited is a securitisation of five holiday villages
in the UK operated by Center Parcs Limited. The holiday villages
are Sherwood Forest in Nottinghamshire, Longleat Forest in
Wiltshire, Elveden Forest in Suffolk, Whinfell Forest in Cumbria
and Woburn Forest in Bedfordshire. Each site has around 840
villas and is set in a forest environment with extensive central
leisure facilities.
The rating actions are as follows:
GBP440 million 7.24% fixed rate class A2 notes maturing 2042:
affirmed at 'BBB', Outlook Stable
GBP350 million 2.67% fixed rate class A3 notes maturing 2042:
affirmed at 'BBB', Outlook Stable
GBP240 million 3.59% fixed rate class A4 notes maturing 2042:
affirmed at 'BBB'; Outlook Stable
GBP480 million 4.25% fixed rate class B3 notes maturing 2047:
affirmed at 'B'; Outlook Stable
GBP250 million 4.88% fixed rate class B4 notes maturing 2047:
affirmed at 'B'; Outlook Stable
EQUITY RELEASE: Fitch Affirms 'BB+sf' Class C Notes Rating
----------------------------------------------------------
Fitch Ratings has affirmed Equity Release Funding No. 5 Plc's
(ERF5) notes, as follows:
Class A (ISIN XS0225883387): affirmed at 'AAsf'; Outlook Stable
Class B (ISIN XS0225883973): affirmed at 'Asf'; Outlook Stable
Class C (ISIN XS0225884278): affirmed at 'BB+sf'; Outlook Stable
The transaction is a securitisation of UK equity release
mortgages originated by Aviva UK Equity Release Ltd. (Aviva
UKERL).
KEY RATING DRIVERS
Error Resolution
A portion of the loan portfolio accrues interest based on a
coupon plus the prevailing inflation rate. An inflation swap
exchanges the inflation-linked interest component on the loans
balance for a predefined fixed-rate. The swap notional can vary
within documented lower and upper limits over the life of the
transaction. Fitch has found that in its liability modelling used
for the 19 June 2017 rating action, there were inconsistencies in
relation to the notional of the inflation swap. Following the
resolution of the error Fitch has affirmed the notes' ratings.
Bespoke Criteria
To reflect the product-specific features of equity release, Fitch
has applied its EMEA Equity Release Mortgage Bespoke Rating
Criteria. The key assumptions underpinning the asset cash flows
include the borrowers' mortality and morbidity (long-term care)
rates (instead of foreclosure frequency rates), voluntary
prepayment rates, property price stresses and property price
growth.
The loan-by-loan data (including loan balance, interest rate,
property valuation, borrower age and gender) has been used to
produce asset cash flows for each payment date. The asset cash
flows are then input into Fitch's proprietary cash flow model to
determine whether the notes can withstand various combinations of
stresses of the key assumptions. The cash flow model has been
customised to reflect the particular features of this transaction
structure.
Interest Deferral
According to its 'Global Structured Finance Rating Criteria',
Fitch will only assign 'Asf' or 'BBBsf' ratings to bonds that are
expected to incur interest deferrals if certain conditions are
met. Interest on the class C notes is likely to continue being
deferred (as it has been since October 2012) and hence the class
C note rating has been capped at 'BB+sf'. While the terms and
conditions of the notes envisage step-up in subordinated amounts
from July 2012, the ratings do not address the payment of such
amounts.
Stable Performance
To date there has been no pay-down of the notes as borrower
receipts are being used to pay senior fees, hedges, the credit
facility and notes' interest due. Prepayments have been on a
slight upward trend increasing to close to 3% currently from
around 1.5% in 2013. As the age profile of the borrower base
increases, Fitch expects redemptions to increase.
VARIATIONS FROM CRITERIA
Interest on the class B notes was deferred from October 2012
until October 2015. This was due to a breach of the House Price
Index (HPI) trigger (set at 2% p.a. since closing). Since October
2015 interest payments have been made on time. However,
previously deferred interest will remain deferred.
In a variation to its 'Global Structured Finance Rating Criteria'
Fitch decided to cap the ratings of the class B note at 'Asf' as
opposed to speculative-grade. This is because Fitch does not
expect the class B house price trigger to be breached and
consequently the class B interest to be deferred for an excessive
amount of time.
RATING SENSITIVITIES
House price declines increase the risk that proceeds from the
sale of the property are insufficient to cover the loan balance
including accrued interest, resulting in lower asset cash flows
and ratings on the notes.
In addition, lower repayment rates may result in lower ratings.
Lower prepayment rates will reduce the portion of loans prepaid
in full. Improved mortality rates would delay the maturity of the
loans leading to increased loan-to-valueratios at maturity, which
may reduce redemption amounts.
The ratings on the class B and C notes are less sensitive to the
factors as they are capped due to historical or expected interest
deferrals. However, a future deferral of class B interest could
result in the application of a lower rating cap to the class B
notes.
The ratings of the class A notes may be exposed to unexpected
relationships between inflation and interest rates. In an
inflationary scenario with prolonged periods of low interest
rates (not expected by Fitch) there may be two effects that may
result in weakening credit quality. The higher inflation rate is
due to the swap counterparty under the inflation swap. While the
underlying loans' accrual rate factor in the increased inflation,
as the amount due to the issuer is capped at the property value
at the point of redemption there may be a mismatch. Additionally,
low interest rates would limit the accrual rate on the liquidity
reserve fund. Therefore, the senior notes may be vulnerable to
excessive cash outflows under the swap in this scenario.
USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pool and the transaction. There were no findings that affected
the rating analysis. Fitch has not reviewed the results of any
third-party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.
Fitch did not undertake a review of the information provided
about the underlying asset pool ahead of the transaction's
initial closing. The subsequent performance of the transactions
over the years is consistent with the agency's expectations given
the operating environment and Fitch is therefore satisfied that
the asset pool information relied upon for its initial rating
analysis was adequately reliable.
Overall, Fitch's assessment of the information relied upon for
the agency's rating analysis according to its applicable rating
methodologies indicates that it is adequately reliable.
SEADRILL LTD: J. Fredriksen Buys US$300MM+ in Claims from Banks
---------------------------------------------------------------
Mikael Holter at Bloomberg News reports that billionaire
John Fredriksen bought more than US$300 million in claims
against Seadrill Ltd. from the company's banks, further
tightening his grip on the offshore driller as it prepares to
emerge from bankruptcy protection.
According to Bloomberg, Mr. Fredriksen is set to remain the
biggest owner of Seadrill, which plans to exit Chapter 11
proceedings in the first half of next month after a Texas
court approved its restructuring plan. The Norwegian-born
billionaire is taking the lead in a US$1.1 billion investment of
new capital, and will get more shares in the restructured company
from the claims he purchased, Bloomberg discloses.
The claims stem from swap agreements concluded by Seadrill and
its subsidiary North Atlantic Drilling Ltd. with six banks: ABN
AMRO Bank NV, Danske Bank A/S, DNB ASA, Nordea Bank AB, SEB AB
and Swedbank AB, Bloomberg states.
Mr. Fredriksen's Hemen Investments Ltd. bought a total of US$230
million of claims against Seadrill and US$75 million against
North Atlantic, Bloomberg relays, citing court filings. No
transaction prices were given, Bloomberg notes.
Mr. Fredriksen, who founded Seadrill in 2005 and is its chairman,
currently owns about 24% of the company, Bloomberg says.
After a group of bondholders rebelled against an initial
restructuring plan he had backed, Mr. Fredriksen agreed to lower
his stake in the new capital contribution in a compromisewith
stakeholders including new investors, bondholders, shipyards and
banks, Bloomberg recounts.
According to Bloomberg, a person familiar with the matter said in
February that under that deal, he was set to get close to 30% of
the new shares.
About Seadrill Ltd
Seadrill Limited is a deepwater drilling contractor providing
drilling services to the oil and gas industry. It is
incorporated in Bermuda and managed from London. Seadrill and
its affiliates own or lease 51 drilling rigs, which represents
more than 6% of the world fleet.
As of Sept. 12, 2017, Seadrill employed 3,760 highly-skilled
individuals across 22 countries and five continents to operate
their drilling rigs and perform various other corporate
functions.
As of June 30, 2017, Seadrill had $20.71 billion in total assets,
$10.77 billion in total liabilities and $9.94 billion in total
equity.
Seadrill reported a net loss of US$155 million on US$3.17 billion
of total operating revenues for the year ended Dec. 31, 2016,
following a net loss of US$635 million onUS$4.33 billion of total
operating revenues for the year ended in 2015.
After reaching terms of a reorganization plan that would
restructure $8 billion of funded debt, Seadrill Limited and 85
affiliated debtors each filed a voluntary petition for relief
under Chapter 11 of the United States Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 17-60079) on Sept. 12, 2017.
Together with the chapter 11 proceedings, Seadrill, North
Atlantic Drilling Limited ("NADL") and Sevan Drilling Limited
("Sevan") commenced liquidation proceedings in Bermuda to appoint
joint provisional liquidators and facilitate recognition and
implementation of the transactions contemplated by the RSA and
Investment Agreement, and Simon Edel, Alan Bloom and Roy Bailey
of Ernst & Young are to act as the joint and several provisional
liquidators.
In the Chapter 11 cases, the Company has engaged Kirkland & Ellis
LLP as legal counsel, Houlihan Lokey, Inc. as financial advisor,
and Alvarez & Marsal as restructuring advisor. Slaughter and May
has been engaged as corporate counsel, and Morgan Stanley served
as co-financial advisor during the negotiation of the
restructuring agreement. Advokatfirmaet Thommessen AS is serving
as Norwegian counsel. Conyers Dill & Pearman is serving as
Bermuda counsel. Prime Clerk serves as claims agent.
The United States Trustee for Region 7 formed an official
committee of unsecured creditors with seven members: (i)
Computershare Trust Company, N.A.; (ii) Daewoo Shipbuilding &
Marine Engineering Co., Ltd.; (iii) Deutsche Bank Trust Company
Americas; (iv) Louisiana Machinery Co., LLC; (v) Nordic Trustee
AS; (vi) Pentagon Freight Services, Inc.; and (vii) Samsung Heavy
Industries Co., Ltd.
Kramer Levin Naftalis & Frankel LLP is serving as lead counsel to
the Committee. Cole Schotz P.C. is local and conflicts counsel
to the Committee. Zuill & Co (in exclusive association with
Harney Westwood & Riegels) is serving as Bermuda counsel. London
based Quinn Emanuel Urquhart & Sullivan, UK LLP, is serving as
English counsel. Parella Weinberg Partners LLP is the investment
banker to the Committee. FTI Consulting Inc. is the financial
advisor.
VE INTERACTIVE: Creditors Pursue Founder Following Collapse
-----------------------------------------------------------
James Titcomb at The Telegraph reports that the bankrupt founder
of Ve Interactive, the collapsed tech company, is being pursued
for GBP60 million by its out-of-pocket creditors.
According to The Telegraph, administration documents reveal that
a claim against David Brown was brought by Ve Interactive's
previous administrators before they were replaced earlier this
year.
Ve, an advertising technology company, was once valued at GBP1.5
billion, making it one of a handful of British "unicorn"
start-up, The Telegraph discloses. But repeated losses and heavy
spending left it unable to pay staff and eventually it collapsed
last year, The Telegraph relates.
===============
X X X X X X X X
===============
* BOND PRICING: For the Week June 11 to June 15, 2018
-----------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Astaldi SpA 7.13 12/1/2020 EUR 72.68
FF Group Finance Luxembourg S 1.75 7/3/2019 EUR 41.39
Mitsubishi UFJ Investor Servi 4.18 12/15/2050 EUR 60.04
FF Group Finance Luxembourg I 3.25 11/2/2021 CHF 39.98
Aryzta AG 5.31 CHF 64.33
Andrade Gutierrez Internation 4.00 4/30/2018 USD 71.45
Steinhoff Europe AG 1.88 1/24/2025 EUR 67.31
Astaldi SpA 4.88 6/21/2024 EUR 56.73
Holdikks SAS 6.75 7/15/2021 EUR 49.08
Aryzta AG 3.50 CHF 53.42
Steinhoff Finance Holding Gmb 1.25 10/21/2023 EUR 46.10
O1 Properties Finance PLC 8.25 9/27/2021 USD 66.63
HSBC Bank PLC 2.13 USD 74.55
VIEO BV 6.75 9/7/2022 EUR 67.00
QGOG Constellation SA 6.25 11/9/2019 USD 15.35
Galapagos Holding SA 7.00 6/15/2022 EUR 67.95
Ensco PLC 5.75 10/1/2044 USD 71.17
Casino Guichard Perrachon SA 1.94 EUR 63.78
Teva Pharmaceutical Finance N 4.10 10/1/2046 USD 72.93
HSBC Bank PLC 2.75 USD 74.33
Agrokor dd 9.88 5/1/2019 EUR 27.79
Intelsat Luxembourg SA 8.13 6/1/2023 USD 75.74
Ageasfinlux SA 1.02 EUR 66.23
Vallourec SA 4.13 10/4/2022 EUR 7.40
BNP Paribas SA 2.53 USD 71.17
HSBC Bank PLC 1.98 USD 74.69
Offshore Drilling Holding SA 8.38 9/20/2020 USD 50.81
Oi Brasil Holdings Cooperatie 5.75 2/10/2022 USD 7.05
New Look Secured Issuer PLC 6.50 7/1/2022 GBP 43.40
Turkey Government Bond 7.10 3/8/2023 TRY 73.60
BIM SAS 2.50 11/13/2020 EUR 23.48
America Movil BV 5.50 9/17/2018 EUR 71.48
House of Fraser Funding PLC 6.35 9/15/2020 GBP 73.25
Rothschilds Continuation Fina 2.75 USD 69.45
EA Partners I BV 6.88 9/28/2020 USD 72.53
Portugal Telecom Internationa 5.00 11/4/2019 EUR 5.76
Transcapitalbank JSC Via Tran 10.00 9/18/2020 USD 55.00
Portugal Telecom Internationa 4.63 5/8/2020 EUR 7.20
Bank Otkritie Financial Corp 10.00 4/26/2019 USD 17.33
Bourbon Corp 6.45 EUR 1.00
EA Partners II BV 6.75 6/1/2021 USD 70.11
Yuksel Insaat AS 9.50 11/10/2015 USD 19.36
DNB Bank ASA 2.56 USD 71.38
Nexans SA 2.50 1/1/2019 EUR 74.03
Econocom Group SA/NV 0.50 3/6/2023 EUR 8.13
OAS Investments GmbH 8.25 10/19/2019 USD 5.10
Societe Generale SA 2.55 USD 88.00
DNB Bank ASA 2.38 USD 71.38
Air Berlin PLC 8.25 4/19/2018 EUR 0.46
Immigon Portfolioabbau AG 10.00 EUR 16.46
Rickmers Holding AG 8.88 6/11/2018 EUR 2.22
Pacific Drilling SA 5.38 6/1/2020 USD 42.00
Mitsubishi UFJ Investor Servi 3.92 12/30/2099 EUR 5.25
Air Berlin PLC 6.75 5/9/2019 EUR 0.86
Neopost SA 3.38 EUR 56.63
Agrokor dd 9.13 2/1/2020 EUR 27.90
ADLER Real Estate AG 2.50 7/19/2021 EUR 15.95
Portugal Telecom Internationa 4.38 3/24/2017 EUR 5.04
Nexity SA 0.13 1/1/2023 EUR 65.38
Avangardco Investments Public 10.00 10/29/2018 USD 19.71
Banco Espirito Santo SA 2.63 5/8/2017 EUR 28.59
Agrokor dd 8.88 2/1/2020 USD 27.54
Portugal Telecom Internationa 4.50 6/16/2025 EUR 6.79
Promsvyazbank OJSC Via PSB Fi 10.20 11/6/2019 USD 15.13
Grupo Isolux Corsan SA 3.00 12/30/2021 EUR 0.39
New Look Senior Issuer PLC 8.00 7/1/2023 GBP 20.00
Genfit 3.50 10/16/2022 EUR 31.21
Banco Espirito Santo SA 4.75 1/15/2018 EUR 27.69
Portugal Telecom Internationa 5.88 4/17/2018 EUR 4.67
Korian SA 2.50 EUR 41.71
Maisons du Monde SA 0.13 12/6/2023 EUR 48.84
Nexity SA 0.25 3/2/2025 EUR 65.76
DNB Bank ASA 2.38 USD 71.38
New Look Secured Issuer PLC 4.50 7/1/2022 EUR 43.08
Scholz Holding Gmbh 8.50 12/31/2019 EUR 0.75
EOS Imaging SA 6.00 5/31/2023 EUR
Mriya Agro Holding PLC 9.45 4/19/2018 USD 7.90
Virgolino de Oliveira Finance 10.50 1/28/2018 USD 5.44
Grupo Isolux Corsan SA 0.25 12/30/2021 EUR 0.16
3W Power SA 10.00 8/29/2019 EUR 1.48
UkrLandFarming PLC 10.88 3/26/2018 USD 20.00
Privatbank CJSC Via UK SPV Cr 10.25 1/23/2018 USD 20.45
OSX 3 Leasing BV 13.00 3/20/2015 USD 25.01
New World Resources NV 8.00 4/7/2020 EUR 1.36
Fred Olsen Energy ASA 4.03 2/28/2019 NOK 60.62
Alitalia-Societa' Aerea Itali 5.25 7/30/2020 EUR 3.08
Portugal Telecom Internationa 6.25 7/26/2016 EUR 4.98
OGX Austria GmbH 8.50 6/1/2018 USD 0.00
Banco Espirito Santo SA 4.00 1/21/2019 EUR 28.55
WPE International Cooperatief 10.38 9/30/2020 USD 17.75
Alno AG 8.50 5/14/2018 EUR 2.91
Lambay Capital Securities PLC 6.25 GBP 1.41
Bilt Paper BV 9.64 USD 22.23
Koninklijke Luchtvaart Maatsc 0.75 CHF 36.75
Afren PLC 6.63 12/9/2020 USD 0.06
Orient Express Bank PJSC Via 10.00 USD 56.00
Oi Brasil Holdings Cooperatie 5.63 6/22/2021 EUR 7.20
Privatbank CJSC Via UK SPV Cr 11.00 2/9/2021 USD 8.34
Cattles Ltd 7.13 7/5/2017 GBP 0.25
Air Berlin PLC 5.63 5/9/2019 CHF 0.93
Turkey Government Internation 7.10 3/8/2023 TRY 73.11
Manchester Building Society 6.75 GBP 16.59
Banco Espirito Santo SA 7.13 11/28/2023 EUR 0.25
Elli Investments Ltd 12.25 6/15/2020 GBP 50.00
Societa' Per LA Gestione DI A 9.50 12/1/2025 EUR 0.17
SeniVita Sozial gemeinnuetzig 7.00 EUR 66.30
KTG Agrar SE 7.13 6/6/2017 EUR 3.83
Dexia Credit Local SA 1.40 EUR 6.19
Norske Skog Holding AS 8.00 2/24/2021 EUR 1.20
Waste Italia SpA 10.50 11/15/2019 EUR 2.17
Lloyds Bank PLC 0.76 12/27/2028 USD 63.67
Allied Irish Banks PLC 12.50 6/25/2035 GBP 73.03
O1 Group Finance 9.75 4/22/2027 RUB 5.56
Johnston Press Bond Plc 8.63 6/1/2019 GBP 70.86
Santhera Pharmaceuticals Hold 5.00 2/17/2022 CHF 73.12
Norske Skogindustrier ASA 7.00 12/30/2026 EUR 0.98
Deutsche Bank AG/London 0.28 10/31/2034 USD 61.75
Lehman Brothers UK Capital Fu 5.13 EUR 9.23
Cirio Holding Luxembourg SA 6.25 2/16/2004 EUR 0.54
Credit Suisse AG 7/31/2030 USD 65.25
Tatfondbank OAO Via TFB Finan 8.50 11/12/2019 USD 7.35
Astaldi SpA 7.13 12/1/2020 EUR 71.16
Natwest Markets PLC 0.07 11/16/2030 USD 58.43
Virgolino de Oliveira Finance 11.75 2/9/2022 USD 5.26
Frey 6.00 11/15/2022 EUR 22.90
Hellenic Republic Government 2.09 7/25/2057 EUR 39.88
Aralco Finance SA 10.13 5/7/2020 USD 2.98
Azubu Investments SA 5.00 8/25/2018 EUR 10.00
FIGEAC-AERO 1.13 10/18/2022 EUR 24.87
German Pellets GmbH 7.25 7/9/2018 EUR 1.47
Capital Raising GmbH 7.50 EUR 54.14
CBo Territoria 6.00 1/1/2020 EUR
Afren PLC 10.25 4/8/2019 USD 0.07
Pescanova SA 5.13 4/20/2017 EUR 1.28
BOA OCV AS 9.75 12/31/2020 NOK 58.00
BBVA International Preferred 1.67 GBP 52.20
Bank Nederlandse Gemeenten NV 0.50 6/7/2022 ZAR 71.00
BLT Finance BV 7.50 5/15/2014 USD 0.17
Privatbank CJSC Via UK SPV Cr 10.88 2/28/2018 USD 29.01
Stichting Afwikkeling Onderha 11.25 EUR 1.08
EFG International AG 1.26 EUR 57.54
New World Resources NV 4.00 10/7/2020 EUR 0.18
Ideal Standard International 11.75 5/1/2018 EUR 0.47
Kaupthing ehf 7.63 2/28/2015 USD 0.25
GEWA 5 to 1 GmbH & Co KG 6.50 3/24/2018 EUR 19.50
International Industrial Bank 9.00 7/6/2011 EUR 0.36
Lehman Brothers UK Capital Fu 3.88 EUR 10.30
Barclays Bank PLC 0.87 3/27/2029 USD 59.07
Hamon & CIE SA 5.50 1/30/2020 EUR 65.09
QGOG Constellation SA 6.25 11/9/2019 USD 31.17
Inside Secure SA 6.00 6/29/2022 EUR 3.67
Touax SCA-SGTR-CITE-SGT-CMTE- 6.00 7/10/2020 EUR 17.81
Afren PLC 11.50 2/1/2016 USD 0.08
Pescanova SA 8.75 2/17/2019 EUR 1.52
Sazka AS 9.00 7/12/2021 EUR 0.03
getBACK SA 6.10 5/10/2020 PLN 35.10
Scandinavian Airlines System 0.63 CHF 27.46
AgroGeneration 8.00 4/1/2019 EUR 76.90
Pierre & Vacances SA 2.00 4/1/2023 EUR 56.36
Intelsat Luxembourg SA 12.50 11/15/2024 USD 95.00
LBI HF 6.10 8/25/2011 USD 5.00
Eurobank Ergasias SA 6.41 1/17/2028 EUR 64.95
ESFIL-Espirito Santo Financie 5.25 6/12/2015 EUR 0.06
Mriya Agro Holding PLC 10.95 3/30/2016 USD 6.77
CRC Breeze Finance SA 6.11 5/8/2026 EUR 45.01
Tonon Luxembourg SA 9.25 1/24/2020 USD 4.87
Banco Pinto & Sotto Mayor 1.13 EUR 46.26
Banca Popolare di Vicenza 9.50 9/29/2025 EUR 0.35
Beate Uhse AG 7.75 7/9/2019 EUR 2.03
Home Money LLC 18.00 4/19/2022 RUB 26.02
Turkey Government Internation 7.10 3/8/2023 TRY 73.11
GNB - Cia de Seguros de Vida 3.17 EUR 74.35
Sairgroup Finance BV 4.38 6/8/2006 EUR 11.75
Cirio Finance Luxembourg SA 7.50 11/3/2002 EUR 5.04
NTRP Via Interpipe Ltd 10.25 8/2/2017 USD 30.22
Lloyds Bank PLC 0.50 7/5/2033 USD 55.62
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.36
German Pellets GmbH 7.25 11/27/2019 EUR 1.73
Hybrid Raising GmbH 6.63 EUR 53.76
Espirito Santo Financial Grou 6.88 10/21/2019 EUR 0.07
Dexia SA 1.45 EUR 8.50
Bank Nederlandse Gemeenten NV 0.50 8/15/2022 ZAR 71.19
Stichting Afwikkeling Onderha 6.25 10/26/2020 EUR 4.70
Barclays Bank PLC 1.81 9/13/2028 USD 57.76
Bank Nadra Via NDR Finance PL 8.25 7/31/2018 USD 0.35
Barclays Bank PLC 0.12 5/30/2034 USD 61.50
Lehman Brothers UK Capital Fu 6.90 USD 3.07
Norske Skogindustrier ASA 2.00 12/30/2115 EUR 1.12
Barclays Bank PLC 0.06 11/29/2030 USD 60.13
Petrol AD 6.00 1/26/2022 EUR 31.13
Virgolino de Oliveira Finance 10.88 1/13/2020 USD 23.75
Selectirente 3.50 1/1/2020 EUR 68.10
KTG Agrar SE 7.25 10/15/2019 EUR 3.83
Breeze Finance SA 6.71 4/19/2027 EUR 29.05
Vseukrainsky Aktsinerny Bank 10.90 6/14/2019 USD 0.08
Sequa Petroleum NV 5.00 4/29/2020 USD 69.34
Cirio Finanziaria SpA 8.00 12/21/2005 EUR 0.71
Manchester Building Society 8.00 GBP 21.68
Vneshprombank Ltd Via VPB Fun 9.00 11/14/2016 USD 0.09
Praktiker AG 5.88 2/10/2016 EUR 1.09
Portigon AG 7.46 12/31/2019 EUR 30.30
Norske Skog Holding AS 8.00 2/24/2021 EUR 1.20
Kommunekredit 0.50 7/30/2027 TRY 31.82
Credit Agricole Corporate & I 2.40 5/17/2048 EUR 49.67
DEMIRE Deutsche Mittelstand R 6.00 12/30/2018 EUR 4.15
Artea 6.00 8/4/2019 EUR 14.10
Lehman Brothers Treasury Co B 6.00 2/15/2035 EUR 6.00
IT Holding Finance SA 9.88 11/15/2012 EUR 0.11
Kommunalbanken AS 0.50 5/27/2022 ZAR 72.35
Northland Resources AB 4.00 10/15/2020 USD 0.14
Espirito Santo Financial Grou 3.13 12/2/2018 EUR 0.28
Barclays Bank PLC 0.50 4/24/2023 MXN 64.13
Del Monte Finance Luxembourg 6.63 5/24/2006 EUR 5.54
Norske Skog Holding AS 8.00 2/24/2023 USD 2.38
Barclays Bank PLC 0.63 4/30/2029 USD 70.85
KPNQwest NV 7.13 6/1/2009 EUR 0.08
Barclays Bank PLC 0.03 3/21/2031 USD 62.85
O1 Properties Finance PLC 7.00 1/29/2021 USD 72.37
Havila Shipping ASA 5.65 11/7/2020 NOK 66.80
Offshore Drilling Holding SA 8.38 9/20/2020 USD 51.28
Lehman Brothers Treasury Co B 7.25 10/5/2035 EUR 6.00
Societe Generale SA 10.00 6/30/2032 USD 67.63
UniCredit Bank Austria AG 0.17 12/31/2031 EUR 80.77
Banco Espirito Santo SA 6.88 7/15/2016 EUR 28.16
Depfa Funding IV LP 1.54 EUR 57.42
Hellas Telecommunications Lux 8.50 10/15/2013 EUR 0.42
Lloyds Bank PLC 0.12 10/25/2033 USD 58.57
Pierre & Vacances SA 3.50 10/1/2019 EUR 37.22
PNE Wind AG 3.75 10/10/2019 EUR 3.40
Corporate Commercial Bank AD 8.25 8/8/2014 USD 1.89
Volkswagen Bank Rus OOO 9.95 7/16/2021 RUB 101.61
Republic of Italy Government 0.08 7/31/2045 EUR 74.37
Espirito Santo Financial Grou 9.75 12/19/2025 EUR 0.46
Kaupthing ehf 5.75 10/4/2011 USD 0.25
Burovoya Kompaniya Eurasia OO 10.25 6/21/2019 RUB 63.45
Barclays Bank PLC 0.16 9/16/2025 USD 74.72
Steilmann SE 7.00 9/23/2018 EUR 1.51
Lehman Brothers UK Capital Fu 5.75 EUR 3.00
Oi Brasil Holdings Cooperatie 5.75 2/10/2022 USD 6.78
World Wide Supply AS 7.75 5/26/2017 USD 15.27
Teksid Aluminum Luxembourg SA 11.38 7/15/2011 EUR 0.11
JZ Capital Partners Ltd 6.00 7/30/2021 GBP 10.40
Tonon Luxembourg SA 10.50 5/14/2024 USD 42.01
House of Fraser Funding PLC 6.35 9/15/2020 GBP 73.00
Rena GmbH 8.25 7/11/2018 EUR 2.00
Bibby Offshore Services PLC 7.50 6/15/2021 GBP 14.60
OGX Austria GmbH 8.38 4/1/2022 USD 0.40
Agrokor dd 8.88 2/1/2020 USD 28.59
Cooperatieve Rabobank UA 0.50 2/26/2029 HUF 63.09
Stichting Afwikkeling Onderha 2.42 EUR 1.08
Holdikks SAS 6.75 7/15/2021 EUR 48.78
O1 Properties Finance PLC 8.25 9/27/2021 USD 67.01
Lloyds Bank PLC 1.14 4/26/2027 USD 69.44
Afren PLC 6.63 12/9/2020 USD 0.00
Bank Nederlandse Gemeenten NV 0.50 7/12/2022 ZAR 71.49
Depfa Funding III LP 0.87 EUR 56.78
Sairgroup Finance BV 6.63 10/6/2010 EUR 11.75
Societe Generale SA 8.25 5/26/2020 EUR 74.08
O1 Properties Finance ZAO 12.00 8/2/2018 RUB 54.00
New Look Senior Issuer PLC 8.00 7/1/2023 GBP 21.36
Virgolino de Oliveira Finance 10.50 1/28/2018 USD 5.44
Banco Pastor SAU 2.07 EUR 6.54
OGX Austria GmbH 8.50 6/1/2018 USD 0.01
Cirio Del Monte NV 7.75 3/14/2005 EUR 0.98
KPNQwest NV 10.00 3/15/2012 EUR 0.08
Turkey Government Internation 4.88 4/16/2043 USD 73.99
Steilmann SE 7.00 3/9/2017 EUR 1.51
Alpine Holding GmbH 6.00 5/22/2017 EUR 0.20
Finmek International SA 7.00 12/3/2004 EUR 5.56
Barclays Bank PLC 0.98 4/16/2029 USD 58.72
Pacific Drilling SA 5.38 6/1/2020 USD 34.94
Afren PLC 10.25 4/8/2019 USD 0.00
Cooperatieve Rabobank UA 0.50 10/30/2043 MXN 11.11
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 3.18
Otkritie Holding JSC 12.50 12/10/2026 RUB 10.10
SeaBird Exploration Finance L 6.00 6/30/2020 USD 20.00
Svensk Exportkredit AB 0.50 4/24/2029 AUD 63.66
Deutsche Bank AG/London 3.00 2/23/2035 EUR 75.00
Lehman Brothers Treasury Co B 8.25 3/16/2035 EUR 6.00
Stichting Afwikkeling Onderha 6.63 5/14/2018 EUR 4.02
Deutsche Bank AG/London 0.16 11/26/2034 USD 55.49
Kardan NV 6.33 7/24/2018 ILS 53.72
MS Deutschland Beteiligungsge 6.88 12/18/2017 EUR 3.50
Natwest Markets PLC 0.41 12/13/2028 USD 62.61
Galapagos Holding SA 7.00 6/15/2022 EUR 68.95
Alpine Holding GmbH 5.25 6/10/2016 EUR 0.16
Windreich GmbH 6.50 3/1/2015 EUR 13.13
Lehman Brothers Treasury Co B 6.00 11/2/2035 EUR 6.00
Alno AG 8.00 3/21/2019 EUR 4.00
Barclays Bank PLC 0.50 2/28/2034 USD 63.59
O1 Properties Finance ZAO 13.00 10/2/2020 RUB 85.00
New Forwarding Co OJSC 7.25 2/14/2023 RUB 99.00
mybet Holding SE 6.25 12/12/2020 EUR 65.00
Sidetur Finance BV 10.00 4/20/2016 USD 5.38
Agroton Public Ltd 6.00 7/14/2019 USD 16.00
International Industrial Bank 11.00 2/19/2013 USD 0.18
Decipher Production Ltd 12.50 9/27/2018 USD 1.87
Golden Gate AG 6.50 10/11/2014 EUR 39.10
OAS Investments GmbH 8.25 10/19/2019 USD 5.53
Banco Espirito Santo SA 6.90 6/28/2024 EUR 27.26
Phones4u Finance PLC 9.50 4/1/2018 GBP 74.28
Deutsche Bank AG/London 0.14 9/30/2029 USD 62.14
Montepio Holding SGPS SA 5.00 EUR 50.00
3W Power SA 5.50 11/11/2020 EUR 1.00
KPNQwest NV 8.13 6/1/2009 USD 0.08
Ahtium PLC 9.75 4/4/2017 EUR 3.30
New World Resources NV 8.00 4/7/2020 EUR 1.36
New Look Secured Issuer PLC 6.50 7/1/2022 GBP 43.79
Lehman Brothers Treasury Co B 7.00 5/17/2035 EUR 6.00
Finans-Avia OOO 9.00 7/31/2022 RUB 69.05
Waste Italia SpA 10.50 11/15/2019 EUR 2.17
APP International Finance Co 11.75 10/1/2005 USD 0.22
Societe Generale SA 0.91 6/30/2035 USD 63.13
getgoods.de AG 7.75 10/2/2017 EUR 0.21
Espirito Santo Financial Port 5.13 5/30/2016 EUR 4.61
UAHM-Finance OOO 4.00 3/28/2023 RUB
Svensk Exportkredit AB 0.50 6/29/2029 AUD 63.18
Gazprombank OJSC Via GPB Euro 8.75 6/29/2024 RUB 59.78
Windreich GmbH 6.50 7/15/2016 EUR 13.13
Steilmann SE 6.75 6/27/2017 EUR 2.21
Von Roll Holding AG 1.00 4/11/2022 CHF
Mox Telecom AG 7.25 11/2/2017 EUR 2.85
O1 Properties Finance PLC 6.00 5/18/2021 USD 67.59
Alpine Holding GmbH 5.25 7/1/2015 EUR 0.20
Wild Bunch AG 8.00 3/23/2019 EUR 45.00
Marine Subsea AS 9.00 12/16/2019 USD 0.69
Depfa Funding II LP 6.50 EUR 57.81
Societa' Per LA Gestione DI A 6.41 EUR 0.19
PA Resources AB 13.50 3/3/2016 SEK 0.12
Kamaz PJSC 11.24 7/18/2030 RUB 70.00
Hamburgische Landesbank-Giroz 0.05 1/22/2041 EUR 63.61
Banco Santander SA 2.00 USD 72.01
Svensk Exportkredit AB 0.50 8/29/2029 AUD 62.68
IDGC of Centre PJSC 6.95 3/28/2028 RUB 60.00
Barclays Bank PLC 1.08 10/10/2029 USD 56.87
Pescanova SA 6.75 3/5/2015 EUR 1.43
Havila Shipping ASA 4.94 11/7/2020 NOK 53.91
Agrokor dd Via Aquarius + Inv 4.92 8/8/2017 EUR 15.38
Mriya Agro Holding PLC 9.45 4/19/2018 USD 7.90
Royalbeach Spielwaren Und Spo 7.38 11/10/2020 EUR 1.15
Ideal Standard International 11.75 5/1/2018 EUR 0.47
Tonon Luxembourg SA 10.50 5/14/2024 USD 42.01
SAG Solarstrom AG 7.50 7/10/2017 EUR 33.63
KPNQwest NV 8.88 2/1/2008 EUR 0.08
Otkritie Holding JSC 11.56 7/27/2028 RUB 11.20
Societe Generale SA 15.72 1/27/2020 USD 54.42
Societe Generale SA 10.00 7/30/2032 USD 70.75
Stroika Finance Ltd Via Emerg 9.90 6/25/2019 RUB 11.60
Gebr Sanders GmbH & Co KG 8.75 10/22/2018 EUR 20.69
Kaupthing ehf 5.75 10/4/2011 USD 0.25
Finance and Credit Bank JSC V 9.25 1/25/2019 USD 0.73
Air Berlin Finance BV 6.00 3/6/2019 EUR 0.72
Mobylife Holding A/S 7.25 5/23/2020 SEK 8.27
Portugal Telecom Internationa 5.24 11/6/2017 EUR 5.86
Stichting Afwikkeling Onderha 8.45 8/20/2018 USD 3.20
Region of Abruzzo Italy 0.11 11/7/2036 EUR 63.73
International Finance Facilit 0.50 6/24/2024 ZAR 57.93
Barclays Bank PLC 0.50 12/23/2033 USD 63.25
Landesbank Hessen-Thueringen 0.06 5/3/2041 EUR 66.75
Republic of Italy Government 0.08 7/31/2045 EUR 72.77
Cooperatieve Rabobank UA 0.50 7/30/2043 MXN 11.29
BNP Paribas SA 13.00 8/24/2027 USD 74.50
OGK-2 PJSC 6.95 3/31/2023 RUB 59.67
Minicentrales Dos SA 6.45 4/14/2028 EUR 65.75
Intelsat Luxembourg SA 12.50 11/15/2024 USD 71.50
Heta Asset Resolution AG 0.13 12/31/2023 EUR 34.63
Air Berlin Finance BV 8.50 3/6/2019 EUR 0.95
Rena GmbH 7.00 12/15/2015 EUR 2.00
SAG Solarstrom AG 6.25 12/14/2015 EUR 33.63
Kommunalkredit Austria AG 1.69 2/24/2026 EUR 75.42
Agrokor dd 9.13 2/1/2020 EUR 27.88
Promsvyazbank OJSC Via PSB Fi 10.20 11/6/2019 USD 14.71
OT Logistics SA 6.81 2/23/2020 PLN 14.00
Lehman Brothers Treasury Co B 5.00 9/22/2014 EUR 6.00
Solon SE 1.38 12/6/2012 EUR 0.10
Activa Resources AG 0.50 11/15/2021 EUR 24.00
German Pellets GmbH 7.25 4/1/2016 EUR 1.60
Lehman Brothers Treasury Co B 5.10 5/8/2017 HKD 6.00
Norske Skogindustrier ASA 7.13 10/15/2033 USD 3.87
Municipality Finance PLC 0.50 6/19/2024 ZAR 58.69
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 0.17
Minicentrales Dos SA 4.81 11/29/2034 EUR 65.75
Svensk Exportkredit AB 0.50 1/31/2022 ZAR 73.62
La Veggia Finance SPA 7.13 11/14/2004 EUR 0.29
Home Money LLC 20.00 10/23/2018 RUB 25.00
Republic of Italy Government 0.91 7/31/2035 EUR 74.31
Otkritie Holding JSC 12.62 4/25/2028 RUB 11.62
OGX Austria GmbH 8.38 4/1/2022 USD 0.40
SiC Processing GmbH 7.13 3/1/2016 EUR 2.75
Rosneft Oil Co PJSC 7.95 5/30/2023 RUB 75.00
Barclays Bank PLC 1.16 11/28/2029 USD 56.79
IKS 5 Finance OOO 9.75 8/1/2023 RUB 65.75
Bank Julius Baer & Co Ltd/Gue 12.10 12/27/2018 EUR 62.85
Societe Generale SA 1.60 1/9/2020 GBP 1.12
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 60.00
Barclays Bank PLC 1.35 9/30/2031 USD 54.20
Rem Offshore ASA 5.00 12/8/2024 NOK 49.70
International Bank of Azerbai 8.25 10/9/2024 USD 66.89
Municipality Finance PLC 0.50 5/8/2029 AUD 68.03
Societa' Per LA Gestione DI A 6.94 5/15/2025 EUR 0.28
Svensk Exportkredit AB 0.50 3/15/2022 ZAR 72.48
SAir Group 0.13 7/7/2005 CHF 13.02
New Look Secured Issuer PLC 4.50 7/1/2022 EUR 43.07
BOA Offshore AS 0.40 7/17/2047 NOK 10.00
Barclays Bank PLC 1.04 5/14/2029 USD 57.63
Reso-Leasing OOO 9.00 10/30/2025 RUB 61.01
COFIDUR SA 0.10 12/31/2024 EUR 21.00
ADLER Real Estate AG 6.00 12/27/2018 EUR 15.05
Vimpel-Communications PJSC 1.00 10/3/2025 RUB 72.48
A-TEC Industries AG 5.75 11/2/2010 EUR 0.36
Deutsche Agrar Holding GmbH 7.25 9/28/2018 EUR 1.38
Banco Santander SA 2.00 USD 70.03
SG Issuer SA 0.78 6/15/2020 SEK 41.51
Rostelecom PJSC 8.65 4/14/2027 RUB 64.16
City of Predeal Romania 3.50 5/15/2026 RON 60.00
Reso-Leasing OOO 12.60 10/2/2026 RUB 85.00
Hamburgische Landesbank-Giroz 0.05 10/30/2040 EUR 66.32
New World Resources NV 4.00 10/7/2020 EUR 0.18
Union Technologies Informatiq 0.10 1/1/2020 EUR 5.30
Heta Asset Resolution AG 5.73 12/31/2023 EUR 34.63
Eiendomskreditt AS 4.42 NOK 56.70
Bank Nederlandse Gemeenten NV 0.50 9/20/2022 ZAR 70.81
Krakowski Bank Spoldzielczy 5.08 9/20/2023 PLN 56.20
Finans-Avia OOO 0.01 7/31/2027 RUB 16.30
Lloyds Bank PLC 0.12 4/25/2034 USD 57.39
Barclays Bank PLC 0.25 10/30/2034 USD 57.97
A-TEC Industries AG 8.75 10/27/2014 EUR 0.36
Societe Generale SA 0.46 10/31/2033 USD 69.20
RENE LEZARD Mode GmbH 7.25 11/25/2017 EUR 1.14
Heta Asset Resolution AG 7.50 12/31/2023 ATS 34.63
Oberbank Hybrid 1 GmbH 0.87 EUR 48.86
Agrokor dd 9.88 5/1/2019 EUR 29.08
Bank Nederlandse Gemeenten NV 0.50 9/20/2022 MXN 69.41
Bilt Paper BV 9.64 USD 22.23
Virgolino de Oliveira Finance 10.88 1/13/2020 USD 23.75
Deutsche Bank AG/London 13.75 6/20/2026 TRY 75.89
Ahtium PLC 4.00 12/16/2015 EUR 1.50
ML 33 Invest AS 7.50 NOK 68.72
Credit Suisse AG/Nassau 9.50 8/17/2018 CHF 55.32
Vnesheconombank 8.24 12/15/2022 RUB 63.17
BLT Finance BV 12.00 2/10/2015 USD 10.50
Northland Resources AB 4.00 10/15/2020 NOK 0.14
Lehman Brothers Treasury Co B 6.00 3/18/2015 USD 6.00
Virgolino de Oliveira Finance 11.75 2/9/2022 USD 5.26
Oi Brasil Holdings Cooperatie 5.63 6/22/2021 EUR 7.20
Barclays Bank PLC 1.60 3/27/2029 USD 57.63
Cooperatieve Rabobank UA 0.50 1/31/2033 MXN 24.39
getBACK SA 5.77 11/27/2019 PLN 12.50
Espirito Santo Financial Grou 5.05 11/15/2025 EUR 0.83
Transneft PJSC 9.65 6/30/2023 RUB 65.00
Cooperatieve Rabobank UA 0.50 10/29/2027 MXN 42.86
Aralco Finance SA 10.13 5/7/2020 USD 4.90
Deutsche Bank AG 5.20 6/19/2018 EUR 72.50
Norske Skog Holding AS 8.00 2/24/2023 USD 2.38
Johnston Press Bond Plc 8.63 6/1/2019 GBP 71.44
Heta Asset Resolution AG 0.22 12/31/2023 EUR 34.63
Svensk Exportkredit AB 0.50 2/22/2022 ZAR 72.83
Fast Finance SA 10.50 1/15/2021 PLN 65.00
Tonon Luxembourg SA 9.25 1/24/2020 USD 4.87
Mifa Mitteldeutsche Fahrradwe 7.50 8/12/2018 EUR 2.26
RN Bank JSC 8.45 10/14/2020 RUB 62.84
WPE International Cooperatief 10.38 9/30/2020 USD 17.50
Deutsche Bank AG 1.73 1/16/2045 EUR 72.45
Bank Intesa AO 8.25 6/10/2018 RUB 80.00
getBACK SA 6.00 10/2/2018 PLN 50.00
Delta Credit Bank JSC 9.65 10/1/2024 RUB 103.00
Miratorg-Finans OOO 11.00 8/24/2021 RUB 60.00
Gazprom Neft PJSC 7.70 12/16/2024 RUB 63.05
Lehman Brothers Treasury Co B 5.00 2/16/2015 EUR 6.00
Anglian Water Services Financ 0.93 1/26/2057 GBP 74.57
Lehman Brothers Treasury Co B 7.00 11/26/2013 EUR 6.00
Grupo Isolux Corsan SA 0.25 12/30/2018 EUR 0.40
AKB Peresvet ZAO 13.50 10/16/2020 RUB 19.53
Commerzbank AG 30.00 6/30/2020 USD 0.53
Vontobel Financial Products G 9.50 9/28/2018 EUR 55.39
IKS 5 Finance OOO 11.90 10/11/2022 RUB 67.02
LBI HF 6.10 8/25/2011 USD 5.00
Societa' Per LA Gestione DI A 6.95 2/25/2025 EUR 0.43
VEB-Leasing OAO 8.71 9/1/2025 RUB 62.00
UkrLandFarming PLC 10.88 3/26/2018 USD 20.87
Barclays Bank PLC 0.64 12/27/2028 USD 64.73
Barclays Bank PLC 1.25 1/31/2029 USD 56.54
Rossiysky Capital OJSC 7.75 1/20/2020 RUB 71.01
United Aircraft Corp PJSC 8.00 3/17/2020 RUB 65.00
Severo-Zapadnaya Koncessionna 5.18 9/26/2031 RUB 59.60
Banco Espirito Santo SA 10.00 12/6/2021 EUR 0.26
International Finance Facilit 0.50 6/29/2027 ZAR 41.56
SpareBank 1 SR-Bank ASA 1.45 12/21/2030 EUR 73.39
Delamare Finance PLC 1.95 2/19/2029 GBP 73.31
Minaya Capital AG 7.00 8/1/2018 EUR 38.40
AKB Peresvet ZAO 0.51 6/23/2021 RUB 22.00
Lloyds Bank PLC 0.46 7/26/2033 USD 59.72
Natwest Markets PLC 0.30 8/18/2031 USD 61.26
getBACK SA 6.11 9/14/2021 PLN 5.50
Delta Credit Bank JSC 12.10 7/28/2025 RUB 65.01
Lehman Brothers Treasury Co B 4.60 10/11/2017 ILS 6.00
City of Novosibirsk Russia 7.85 11/27/2027 RUB 100.30
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 67.04
HPI AG 3.50 EUR 1.15
Beluga Group PJSC 12.90 4/29/2020 RUB 72.00
Afren PLC 11.50 2/1/2016 USD 0.08
Petromena ASA 10.85 11/19/2018 USD 0.61
Rosneft Oil Co PJSC 7.95 5/30/2023 RUB 61.46
Lehman Brothers Treasury Co B 5.00 2/27/2014 EUR 6.00
Bank Intesa AO 9.75 10/10/2019 RUB 67.01
UmweltBank AG 2.85 EUR 72.69
BNP Paribas SA 0.50 9/29/2029 AUD 65.53
Rosbank PJSC 10.40 6/30/2020 RUB 65.01
Bank Nederlandse Gemeenten NV 0.50 8/9/2022 MXN 70.32
Banca del Monte di Lucca-SpA 2.43 6/29/2020 EUR 53.97
Braster SA 7.51 5/29/2019 PLN 67.00
Societe Generale SA 2.59 3/17/2032 USD 63.60
Lehman Brothers Treasury Co B 1.28 11/6/2010 JPY 6.00
A-TEC Industries AG 2.75 5/10/2014 EUR 0.36
Lenta LLC 11.00 3/3/2020 RUB 63.11
Penell GmbH Elektrogrosshande 7.75 6/10/2019 EUR 3.55
Region of Molise Italy 0.13 12/15/2033 EUR 57.95
LBI HF 7.43 USD 0.00
SAir Group 2.13 11/4/2004 CHF 13.00
Russian Highways 8.10 12/13/2019 RUB 63.21
Metalloinvest Holding Co OAO 0.01 3/7/2022 RUB 63.00
Delta Credit Bank JSC 8.65 7/4/2018 RUB 60.93
Deutsche Bank AG/London 0.50 10/5/2021 IDR 72.26
Svensk Exportkredit AB 0.50 8/28/2020 TRY 68.83
Bank Otkritie Financial Corp 10.00 4/26/2019 USD 19.99
Svensk Exportkredit AB 0.50 6/20/2029 AUD 72.21
Vontobel Financial Products G 10.00 7/10/2018 EUR 63.48
SPORTTOTAL AG 6.00 3/17/2019 EUR 3.85
Sberbank of Russia PJSC 10.00 6/20/2019 RUB 65.01
Elli Investments Ltd 12.25 6/15/2020 GBP 50.00
Lehman Brothers Treasury Co B 5.00 3/18/2015 EUR 6.00
Svensk Exportkredit AB 0.50 6/28/2022 ZAR 70.60
Norske Skogindustrier ASA 7.13 10/15/2033 USD 3.87
EGB Investments SA 6.31 6/22/2018 PLN 20.00
Bibby Offshore Services PLC 7.50 6/15/2021 GBP 14.60
getBACK SA 6.00 9/16/2018 PLN 5.50
Northland Resources AB 12.25 3/26/2016 USD 2.62
Lehman Brothers Treasury Co B 2.88 3/14/2013 CHF 6.00
Norske Skogindustrier ASA 7.00 12/30/2026 EUR 0.98
SAir Group 5.50 7/23/2003 CHF 13.02
Credito Padano Banca di Credi 3.10 EUR 36.26
SUEK Finance OOO 12.50 8/19/2025 RUB 61.41
Deutsche Bank AG/London 0.50 4/5/2038 MXN 15.00
Lehman Brothers Treasury Co B 5.00 5/2/2022 EUR 2.57
BLT Finance BV 7.50 5/15/2014 USD 0.17
Atari SA 0.10 4/1/2020 EUR 6.00
Rosneft Oil Co PJSC 7.35 1/18/2021 RUB 60.00
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 61.40
VEB-Leasing OAO 7.56 1/31/2025 RUB 61.76
getBACK SA 5.71 10/22/2019 PLN 15.00
Municipality Finance PLC 0.50 4/26/2022 ZAR 71.75
KPNQwest NV 7.13 6/1/2009 EUR 0.08
Russian Bank for Small and Me 7.00 3/17/2022 RUB 60.01
Espirito Santo Financial Grou 5.05 11/15/2025 EUR 0.61
Kreditanstalt fuer Wiederaufb 0.25 10/6/2036 CAD 42.62
Samolet Group 12.00 5/17/2022 RUB 62.45
VEB-Leasing OAO 8.71 2/18/2025 RUB 61.64
UBS AG/London 9.25 6/15/2018 CHF 38.75
IKS 5 Finance OOO 10.90 3/9/2023 RUB 66.22
Vimpel-Communications PJSC 7.00 3/8/2022 RUB 70.01
TransFin-M PAO 9.85 2/22/2027 RUB 67.51
RESO-Garantia Insurance PJSC 0.02 9/13/2022 RUB 65.00
ENEL RUSSIA PJSC 12.10 9/28/2018 RUB 71.01
Credit Suisse AG/London 12/2/2020 USD 9.93
getBACK SA 5.70 4/30/2021 PLN 28.00
getBACK SA 5.60 6/24/2019 PLN 10.00
Spektr OOO 8.50 3/12/2026 RUB 100.00
Lehman Brothers Treasury Co B 8.25 12/3/2015 EUR 6.00
Region of Belgorod Russia 8.25 6/11/2024 RUB 70.02
Norske Skogindustrier ASA 2.00 12/30/2115 EUR 1.12
Grupo Isolux Corsan SA 3.00 12/30/2021 USD 1.54
Bashneft PJSC 9.50 12/12/2024 RUB 60.00
Otkritie Holding JSC 8.75 12/8/2027 RUB 19.60
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 60.00
Rosneft Oil Co PJSC 9.40 11/28/2024 RUB 67.36
Hypo Vorarlberg Bank AG 5.87 EUR 40.84
getBACK SA 5.90 1/29/2019 PLN 12.50
VEB-Leasing OAO 8.65 1/16/2024 RUB 62.00
AKB Peresvet ZAO 0.51 2/14/2032 RUB 23.38
getBACK SA 5.90 12/30/2020 PLN 35.00
Rosneft Oil Co PJSC 8.65 12/3/2020 RUB 62.48
Severo-Zapadnaya Koncessionna 5.18 9/26/2031 RUB 65.00
DOM RF Russia Housing and Urb 6.75 3/24/2028 RUB 63.27
SAir Group 4.25 2/2/2007 CHF 13.00
State of Saxony-Anhalt 0.65 7/3/2028 EUR 20.00
Cooperatieve Rabobank UA 0.50 11/30/2027 MXN 41.42
Societe Generale SA 0.21 3/31/2034 USD 68.39
Rio Forte Investments SA 4.00 7/22/2014 EUR 6.41
Privatbank CJSC Via UK SPV Cr 10.88 2/28/2018 USD 29.01
Heta Asset Resolution AG 5.27 12/31/2023 EUR 34.63
Lehman Brothers Treasury Co B 5.00 8/16/2017 EUR 6.00
Northland Resources AB 15.00 7/15/2019 USD 2.62
PSN Pm OOO 12.00 8/31/2027 RUB 1.90
DZ Bank AG Deutsche Zentral-G 6.25 3/20/2019 EUR 75.64
Rosselkhozbank JSC 8.85 7/15/2025 RUB 70.01
Landesbank Hessen-Thueringen 0.07 4/23/2041 EUR 67.93
Lehman Brothers Treasury Co B 7.60 5/21/2013 USD 2.57
Windreich GmbH 6.75 3/1/2015 EUR 13.13
Otkritie Holding JSC 11.50 7/23/2029 RUB 13.25
Windreich GmbH 6.25 3/1/2015 EUR 13.13
Rusfinans Bank OOO 9.90 7/18/2018 RUB 70.00
Raiffeisen Schweiz Genossensc 6.50 7/2/2018 USD 66.69
Credit Suisse AG/London 9.00 1/23/2020 USD 7.92
RusHydro PJSC 0.10 2/2/2023 RUB 69.57
Investpro OOO 13.00 12/31/2018 RUB 3.00
ECM Real Estate Investments A 5.00 10/9/2011 EUR 15.38
SG Issuer SA 5.50 4/10/2021 EUR 66.71
State Transport Leasing Co OJ 8.42 9/5/2031 RUB 67.35
RESO-Garantia Insurance PJSC 11.75 3/24/2023 RUB 75.00
Societe Generale SA 0.15 9/30/2034 USD 63.13
Reso-Leasing OOO 9.25 9/21/2023 RUB 63.01
Metalloinvest Holding Co OAO 0.01 3/7/2022 RUB 65.00
Oberoesterreichische Landesba 0.30 4/25/2042 EUR 73.52
getBACK SA 6.22 9/16/2019 PLN 70.00
Lehman Brothers Treasury Co B 5.00 5/12/2011 CHF 2.57
PSN Pm OOO 13.00 9/10/2026 RUB 28.00
Transcapitalbank JSC 9.00 5/30/2023 RUB 63.01
Agrokompleks OOO 0.10 12/8/2022 RUB 3.04
Driver & Bengsch AG 8.50 12/31/2027 EUR 0.00
Vnesheconombank 11.60 2/17/2025 RUB 66.06
Heta Asset Resolution AG 0.43 12/31/2023 EUR 34.63
AKB Peresvet ZAO 0.51 8/4/2034 RUB 23.00
getBACK SA 5.72 10/5/2019 PLN 15.00
Lehman Brothers Treasury Co B 6.65 8/24/2011 AUD 6.00
RusHydro PJSC 8.50 2/2/2023 RUB 61.87
Centrosolar Group AG 7.00 2/15/2016 EUR 0.81
Plaza Centers NV 6.90 7/1/2020 ILS 73.12
Landesbank Hessen-Thueringen 8.00 5/15/2020 EUR 72.39
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 60.00
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 60.00
getBACK SA 5.71 3/17/2019 PLN 20.00
getBACK SA 5.80 10/1/2019 PLN 15.00
Societe Generale SA 0.50 5/30/2023 MXN 64.69
Federal Grid Co Unified Energ 0.10 10/16/2020 RUB 70.00
Solarwatt GmbH 7.00 11/1/2015 EUR 15.50
getBACK SA 5.68 10/30/2019 PLN 20.00
DekaBank Deutsche Girozentral 0.01 6/29/2046 EUR 55.76
Lehman Brothers Treasury Co B 3.86 9/21/2011 SGD 6.00
Commerzbank AG 13.00 3/13/2023 USD 9.25
Communaute Francaise de Belgi 0.50 6/27/2046 EUR 67.51
UBS AG/London 13.25 9/6/2018 CHF 46.40
Bank Julius Baer & Co Ltd/Gue 10.50 11/30/2018 USD 62.75
Podkarpacki Bank Spoldzielczy 5.78 10/24/2024 PLN 50.00
EFG International Finance Gue 6.40 4/9/2020 EUR 73.60
Two Capitals Highway OOO 13.25 6/19/2030 RUB
Delta Credit Bank JSC 12.00 3/27/2024 RUB 105.00
Banca Popolare di Vicenza 9.50 10/2/2025 EUR 0.35
Lehman Brothers Treasury Co B 0.50 8/1/2020 EUR 2.57
Lehman Brothers Treasury Co B 11.00 6/29/2009 EUR 2.57
HSBC Bank PLC 0.50 12/29/2026 AUD 71.65
Mriya Agro Holding PLC 10.95 3/30/2016 USD 7.00
UBS AG/London 8.00 4/29/2021 USD 9.78
Plaza Centers NV 6.00 7/1/2020 ILS 72.41
GPB Aerofinans OOO 9.67 3/15/2030 RUB 65.01
BKS Hybrid alpha GmbH 7.35 EUR 72.84
Metalloinvest Holding Co OAO 11.90 2/12/2026 RUB 119.07
Heta Asset Resolution AG 5.92 12/31/2023 EUR 34.63
Rosbank PJSC 10.40 5/27/2026 RUB 62.43
Federal Grid Co Unified Energ 0.10 10/16/2020 RUB 58.10
Municipality Finance PLC 0.50 7/30/2029 AUD 72.51
Barclays Bank PLC 0.98 7/22/2024 USD 75.00
City of Moscow Russia 7.50 5/18/2021 RUB 65.01
Lehman Brothers Treasury Co B 4.20 12/3/2008 HKD 6.00
getBACK SA 5.73 9/22/2018 PLN 20.00
Main Road JSC 4.00 10/30/2029 RUB 60.77
getBACK SA 6.00 12/14/2018 PLN 15.00
EFG International Finance Gue 7.00 11/27/2019 EUR 10.19
Podkarpacki Bank Spoldzielczy 5.08 5/28/2023 PLN 49.50
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 60.00
Leonteq Securities AG/Guernse 5.00 12/27/2019 EUR 65.19
getBACK SA 5.84 2/28/2019 PLN 15.00
Barclays Bank PLC 0.50 1/28/2033 MXN 24.84
Credit Agricole Corporate & I 0.50 3/6/2023 RUB 73.68
Pongs & Zahn AG 8.50 EUR 0.00
HSBC Bank PLC 0.50 6/23/2027 MXN 43.31
Risland OOO 9.25 1/10/2019 RUB 1.00
BTV Hybrid I GmbH 6.50 EUR 36.11
Bashneft PJSC 9.50 12/10/2026 RUB 60.00
HSBC Trinkaus & Burkhardt AG 12.00 6/22/2018 EUR 63.72
Leonteq Securities AG/Guernse 11.80 12/21/2018 USD 70.68
UBS AG/London 8.50 1/6/2020 EUR 68.65
Bayerische Landesbank 2.40 7/20/2018 EUR 46.90
getBACK SA 5.70 2/28/2019 PLN 20.00
UAHM-Finance OOO 5.00 7/25/2025 RUB 63.53
Otkritie Holding JSC 11.50 7/22/2030 RUB 13.25
Kaupthing ehf 7.63 2/28/2015 USD 0.25
Otkritie Holding JSC 12.70 9/30/2027 RUB 15.16
Muehl Product & Service AG 6.75 3/10/2005 DEM 0.05
Province of Brescia Italy 0.03 6/30/2036 EUR 62.66
Laurel GmbH 7.13 11/16/2017 EUR 5.25
Metalloinvest Holding Co OAO 0.01 3/10/2022 RUB 53.25
TransFin-M PAO 13.00 9/3/2025 RUB 63.00
Kardan NV 6.78 2/2/2020 ILS 64.30
getBACK SA 5.70 2/16/2021 PLN 36.00
UBS AG/London 5.50 9/13/2018 CHF 53.10
Credit Suisse AG/London 9.00 10/30/2020 USD 9.84
Bashneft PJSC 9.40 1/22/2024 RUB 60.00
Praim Finans OOO 9.34 7/13/2021 RUB 5.00
Salvator Grundbesitz-AG 9.50 EUR 18.50
Sovcombank PAO 8.00 6/24/2021 RUB 70.00
Salvator Grundbesitz-AG 9.50 12/31/2021 EUR 7.80
Podkarpacki Bank Spoldzielczy 5.81 2/23/2025 PLN 50.00
Siberian Gostinecs PAO 16.50 6/26/2019 RUB 40.11
Svensk Exportkredit AB 0.50 3/28/2029 AUD 72.63
Lehman Brothers Treasury Co B 4.00 7/20/2012 EUR 2.57
VEB-Leasing OAO 10.10 10/20/2021 RUB 85.01
Region Invest OOO 7.35 4/15/2021 RUB 0.40
Societe Generale SA 0.50 6/12/2023 RUB 72.06
Kaupthing ehf 9.00 USD 0.12
Rio Forte Investments SA 3.90 7/10/2014 USD 6.38
Upravlenie Otkhodami ZAO 4.00 4/29/2027 RUB 71.06
Lehman Brothers Treasury Co B 0.50 6/2/2020 EUR 2.57
Bank Otkritie Financial Corp 10.10 4/16/2023 RUB 70.02
Astana Finance BV 9.00 11/16/2011 USD 16.00
Bashneft PJSC 10.70 5/13/2024 RUB 70.02
Heta Asset Resolution AG 5.03 12/31/2023 EUR 34.63
Phones4u Finance PLC 9.50 4/1/2018 GBP 74.28
Kaupthing ehf 3.75 2/15/2024 ISK 0.25
getBACK SA 5.55 9/21/2018 PLN 15.00
HSBC Trinkaus & Burkhardt AG 6.50 6/22/2018 EUR 67.10
EFG International Finance Gue 7.20 2/25/2019 EUR 4.59
UniCredit Bank AG 5.00 7/30/2018 EUR 38.98
EFG International Finance Gue 9.60 10/15/2019 EUR 16.64
UniCredit Bank AG 4.40 9/19/2018 EUR 36.10
Cooperatieve Rabobank UA 0.50 12/29/2027 MXN 40.73
Lehman Brothers Treasury Co B 15.00 3/30/2011 EUR 2.57
Escher Marwick PLC 3.50 10/14/2031 USD 59.85
Lehman Brothers Treasury Co B 6.00 2/19/2023 USD 2.57
Lehman Brothers Treasury Co B 5.38 2/4/2014 USD 2.57
HSBC Bank PLC 0.50 12/22/2025 BRL 46.20
Lehman Brothers Treasury Co B 5.55 3/12/2015 EUR 2.57
Sidetur Finance BV 10.00 4/20/2016 USD 5.38
Republic of Komi Russia 9.50 11/16/2022 RUB 61.70
Investpro OOO 12.75 9/6/2018 RUB 1.66
Societe Generale SA 1.15 6/26/2034 USD 57.30
getBACK SA 5.98 12/19/2018 PLN 15.00
Polski Bank Spoldzielczy w Ci 4.81 6/18/2020 PLN 50.00
Rosneft Oil Co PJSC 7.85 1/18/2021 RUB 60.00
Delta Credit Bank JSC 5.00 10/30/2025 RUB 58.40
Lehman Brothers Treasury Co B 4.87 10/8/2013 USD 2.57
Region Invest OOO 7.35 4/20/2021 RUB 0.40
Lehman Brothers Treasury Co B 6.00 3/14/2011 EUR 6.00
Autonomous Region of Yamal Ne 7.00 12/25/2024 RUB 65.01
Lehman Brothers Treasury Co B 9.50 4/1/2018 USD 2.57
Banca delle Marche SpA 6.00 6/12/2018 EUR 1.93
Upravlenie Otkhodami ZAO 10.50 10/9/2030 RUB 100.00
getBACK SA 5.76 9/18/2019 PLN 15.00
Lehman Brothers Treasury Co B 8.25 2/3/2016 EUR 2.57
Lehman Brothers Treasury Co B 7.59 11/22/2009 MXN 6.00
Lehman Brothers Treasury Co B 4.95 10/25/2036 EUR 2.57
Lehman Brothers Treasury Co B 2.50 12/15/2011 GBP 2.57
Lehman Brothers Treasury Co B 8.00 2/16/2016 EUR 2.57
HSBC Bank PLC 0.50 6/9/2023 MXN 64.54
Rossiysky Capital OJSC 13.00 11/22/2019 RUB 60.81
Vnesheconombank 8.35 11/24/2020 RUB 66.17
DZ Bank AG Deutsche Zentral-G 6.50 9/24/2018 EUR 58.58
DekaBank Deutsche Girozentral 6.23 8/1/2018 EUR 71.30
Fonciere Volta SA 4.50 7/30/2020 EUR 2.26
Podkarpacki Bank Spoldzielczy 4.98 10/6/2021 PLN 53.20
Credit Suisse AG/London 8.00 11/29/2019 USD 7.55
VEB-Leasing OAO 7.56 2/4/2025 RUB 62.34
SAir Group 5.13 3/1/2003 CHF 13.00
MIK OAO 15.00 2/19/2020 RUB 2.00
Lehman Brothers Treasury Co B 10.00 6/11/2038 JPY 2.57
Otkritie Holding JSC 11.50 8/5/2025 RUB 10.02
Barclays Bank PLC 0.50 3/13/2023 RUB 73.48
Lehman Brothers Treasury Co B 11.00 7/4/2011 CHF 2.57
Lehman Brothers Treasury Co B 6.00 10/30/2012 USD 2.57
EDOB Abwicklungs AG 7.50 4/1/2012 EUR 0.36
HSBC Trinkaus & Burkhardt AG 12.30 6/22/2018 EUR 43.61
UBS AG/London 11.25 7/1/2019 EUR 68.65
Credit Suisse AG/London 8.54 1/7/2020 USD 9.98
SG Issuer SA 6.80 1/6/2020 USD 74.50
UniCredit Bank AG 4.30 10/17/2018 EUR 36.05
Leonteq Securities AG/Guernse 12.00 1/23/2019 CHF 66.13
UniCredit Bank AG 3.60 1/5/2020 EUR 69.20
Podkarpacki Bank Spoldzielczy 5.78 3/31/2025 PLN 51.00
Credit Suisse AG/London 11.90 3/31/2020 USD 10.13
UniCredit Bank AG 5.00 11/5/2018 EUR 67.50
Podkarpacki Bank Spoldzielczy 5.81 7/2/2020 PLN 72.00
Rosneft Oil Co PJSC 7.85 12/3/2020 RUB 62.64
Russian Railways JSC 3.50 2/28/2040 RUB 75.00
Nutritek International Corp V 8.75 12/11/2008 USD 2.00
RGS Nedvizhimost OOO 12.00 6/21/2021 RUB 0.34
KB MIA AO 8.25 3/7/2025 RUB 100.33
Lehman Brothers Treasury Co B 7.50 2/14/2010 AUD 2.57
Kaupthing ehf 5.25 7/18/2017 BGN 0.25
HSBC Bank PLC 0.50 4/11/2023 MXN 65.47
Rosbank PJSC 0.02 4/30/2024 RUB 61.40
Lehman Brothers Treasury Co B 3.35 10/13/2016 EUR 2.57
Lehman Brothers Treasury Co B 3.63 3/2/2012 EUR 2.57
Lehman Brothers Treasury Co B 4.35 8/8/2016 SGD 6.00
Lehman Brothers Treasury Co B 4.60 7/6/2016 EUR 2.57
SAir Group 6.25 10/27/2002 CHF 13.00
Hellas Telecommunications Lux 8.50 10/15/2013 EUR 1.05
Bashneft PJSC 12.00 5/9/2025 RUB 60.00
Grupo Isolux Corsan SA 0.25 12/30/2021 USD 0.67
LBI HF 7.43 USD 0.00
Bashneft PJSC 12.00 5/19/2025 RUB 60.00
Transports publics fribourgeo 0.47 7/29/2051 CHF 71.85
IT Holding Finance SA 9.88 11/15/2012 EUR 0.11
Credit Suisse AG/London 10.50 4/9/2021 USD 10.32
UniCredit Bank AG 7.70 6/22/2018 EUR 2.48
Agrokompleks OOO 0.10 7/29/2019 RUB 2.34
Raiffeisen Switzerland BV 9.00 4/1/2019 EUR 10.00
Bayerische Landesbank 3.20 7/27/2018 EUR 43.00
EFG International Finance Gue 7.19 5/6/2019 EUR 6.12
UniCredit Bank AG 4.40 7/13/2018 EUR 36.90
EFG International Finance Gue 7.20 7/29/2020 EUR 19.41
Deutsche Bank AG 10.20 6/19/2018 EUR 63.70
Bulgaria Steel Finance BV 12.00 5/4/2013 EUR 0.17
Rusfinans Bank OOO 10.00 8/12/2026 RUB 75.00
Lehman Brothers Treasury Co B 6.00 5/23/2018 CZK 2.57
Societe Generale SA 0.28 11/26/2034 USD 63.13
Malahit AO 15.00 7/14/2025 RUB 0.01
TransFin-M PAO 10.50 9/17/2019 RUB 100.03
Cerruti Finance SA 6.50 7/26/2004 EUR 1.21
Lehman Brothers Treasury Co B 3.00 6/3/2010 EUR 2.57
Lehman Brothers Treasury Co B 4.00 7/27/2011 EUR 2.57
Lehman Brothers Treasury Co B 2.50 11/9/2011 CHF 2.57
Region Invest OOO 7.35 5/4/2021 RUB 0.18
Gold-Zack AG 7.00 12/14/2005 EUR 12.70
Raiffeisen Schweiz Genossensc 8.99 7/22/2019 EUR 22.21
German Pellets GmbH 8.00 EUR 0.01
Lehman Brothers Treasury Co B 7.00 9/20/2011 USD 2.57
Cooperatieve Rabobank UA 0.50 8/21/2028 MXN 38.15
Lehman Brothers Treasury Co B 7.00 6/6/2017 EUR 2.57
Municipality Finance PLC 0.25 6/28/2040 CAD 33.24
Federal Grid Co Unified Energ 3.20 10/30/2048 RUB 61.00
Eiendomskreditt AS 5.37 NOK 66.96
Astana Finance BV 7.88 6/8/2010 EUR 16.00
AKB Metallinvestbank PAO 8.50 5/21/2020 RUB 56.01
Vontobel Financial Products G 12.35 6/8/2018 EUR 63.03
BNP Paribas Emissions- und Ha 28.00 6/21/2018 EUR 72.10
Leonteq Securities AG/Guernse 6.40 6/4/2020 CHF 58.16
Vnesheconombank 9.76 12/17/2021 RUB 65.38
EFG International Finance Gue 11.00 7/19/2018 EUR 62.43
Raiffeisen Schweiz Genossensc 10.25 10/30/2018 CHF 54.68
Bank Julius Baer & Co Ltd/Gue 7.00 8/3/2018 CHF 48.45
Bank Julius Baer & Co Ltd/Gue 6.50 6/14/2018 USD 50.20
Bank Julius Baer & Co Ltd/Gue 6.25 2/13/2019 CHF 66.80
Credit Suisse AG/Nassau 8.00 10/25/2018 USD 67.38
Zurcher Kantonalbank Finance 8.40 9/28/2018 CHF 59.33
IDGC of the South PJSC 9.24 7/1/2022 RUB 65.00
Bayerische Landesbank 5.00 8/17/2018 EUR 71.52
Bayerische Landesbank 2.70 7/6/2018 EUR 41.81
Landesbank Baden-Wuerttemberg 5.00 7/27/2018 EUR 71.34
Reso-Leasing OOO 8.90 10/3/2025 RUB 65.01
Kaupthing ehf 5.00 1/4/2027 SKK 0.25
Baltic Leasing OOO 12.95 2/12/2021 RUB 64.37
Center-Invest Commercial Bank 8.50 11/13/2018 RUB 60.81
Digital Invest OOO 7.35 4/8/2021 RUB 0.14
Soyuz AKB OAO 7.40 10/11/2018 RUB 61.39
Turkey Government Bond 8.00 3/12/2025 TRY 72.00
SAir Group 6.25 4/12/2005 CHF 13.00
Societe Generale SA 0.50 4/30/2023 RUB 72.66
United Confectioners Finance 8.00 4/3/2023 RUB 61.54
Magadan Oblast 8.00 12/25/2022 RUB 65.31
Lehman Brothers Treasury Co B 23.30 9/16/2008 USD 2.57
City of St Petersburg Russia 7.65 12/4/2026 RUB 61.70
Lehman Brothers Treasury Co B 16.00 10/8/2008 CHF 2.57
Lehman Brothers Treasury Co B 6.00 9/20/2011 EUR 2.57
Petromena ASA 9.75 5/24/2016 NOK 0.61
Lehman Brothers Treasury Co B 6.00 12/6/2016 USD 2.57
Lehman Brothers Treasury Co B 4.05 9/16/2008 EUR 2.57
Otkritie Holding JSC 11.50 7/20/2028 RUB 10.60
Deutsche Bank AG 6.20 6/19/2018 EUR 66.80
Vontobel Financial Products G 10.50 6/22/2018 EUR 54.11
HSBC Trinkaus & Burkhardt AG 7.00 6/22/2018 EUR 71.11
Credit Suisse AG/Nassau 10.00 10/29/2018 CHF 62.80
UBS AG/London 8.75 6/6/2019 EUR 64.50
Vontobel Financial Products G 2.50 9/28/2018 EUR 57.38
Vontobel Financial Products G 7.50 6/22/2018 EUR 56.93
Leonteq Securities AG/Guernse 15.20 11/28/2018 USD 62.07
Bank Julius Baer & Co Ltd/Gue 5.50 8/27/2018 CHF 63.40
Raiffeisen Schweiz Genossensc 9.10 3/8/2019 CHF 59.23
Main Road JSC 4.50 11/22/2028 RUB 52.25
Noyabrskaya Pge OOO 8.50 11/10/2020 RUB 60.00
Zurcher Kantonalbank Finance 3.00 7/22/2019 CHF 53.05
DZ Bank AG Deutsche Zentral-G 6.75 9/24/2018 EUR 58.74
Credit Suisse AG/London 9.86 2/27/2020 USD 9.70
UniCredit Bank AG 3.80 7/23/2020 EUR 42.94
Leonteq Securities AG 3.00 9/19/2019 CHF 62.67
National Developing Co PAO 12.00 7/19/2018 RUB 1.50
Deutsche Bank AG 5.20 6/19/2018 EUR 66.80
Rosneft Oil Co PJSC 9.40 11/28/2024 RUB 63.00
Waste Management NN CJSC 5.50 6/15/2022 RUB 59.82
Region Invest OOO 9.53 1/12/2021 RUB 0.28
Lehman Brothers Treasury Co B 5.00 4/24/2017 EUR 2.57
RGS Nedvizhimost OOO 12.50 2/25/2021 RUB 0.34
Region Invest OOO 7.35 4/19/2021 RUB 0.14
Lehman Brothers Treasury Co B 5.00 2/28/2032 EUR 2.57
RGS Nedvizhimost OOO 12.50 1/19/2021 RUB 0.34
Lehman Brothers Treasury Co B 3.50 10/31/2011 USD 2.57
Lehman Brothers Treasury Co B 9.00 5/15/2022 USD 2.57
Region Invest OOO 10.50 9/12/2019 RUB 0.17
KPNQwest NV 7.13 6/1/2009 EUR 0.08
Nota-Bank OJSC 13.50 4/1/2016 RUB 31.50
Lehman Brothers Holdings PLC 3.03 3/24/2009 JPY 2.76
Bashneft PJSC 10.50 5/12/2026 RUB 60.00
ECM Real Estate Investments A 5.00 10/9/2011 EUR 15.38
Rosselkhozbank JSC 6.60 9/18/2023 RUB 62.02
Lehman Brothers Treasury Co B 13.00 2/16/2009 CHF 2.57
AKB Peresvet ZAO 13.00 10/7/2017 RUB 23.38
KPNQwest NV 8.88 2/1/2008 EUR 0.08
KPNQwest NV 8.88 2/1/2008 EUR 0.08
Lehman Brothers Treasury Co B 7.60 3/4/2010 NZD 2.57
Lehman Brothers Treasury Co B 10.00 6/17/2009 USD 2.57
Region Invest OOO 10.36 7/19/2022 RUB 0.17
Municipality Finance PLC 0.50 5/31/2022 ZAR 70.97
IDGC of Centre PJSC 11.58 11/11/2025 RUB 116.50
Lehman Brothers Treasury Co B 0.50 7/2/2020 EUR 2.57
Lehman Brothers Treasury Co B 2.50 8/15/2012 CHF 2.57
Rosbank PJSC 0.01 4/30/2024 RUB 61.40
Lehman Brothers Treasury Co B 5.25 7/8/2014 EUR 2.57
Societe Generale SA 0.50 4/4/2024 MXN 59.82
Lehman Brothers Treasury Co B 6.00 10/30/2012 EUR 2.57
KIT Finance Capital OOO 10.53 9/4/2019 RUB 66.67
Stroytemp CJSC 9.00 11/13/2019 RUB 1.00
Promnefteservis OOO 10.50 11/21/2019 RUB 1.01
National Developing Co PAO 16.00 4/15/2021 RUB 1.00
Lehman Brothers Treasury Co B 0.50 2/16/2009 EUR 2.57
Lehman Brothers Treasury Co B 7.25 6/20/2010 USD 2.57
Otkritie Holding JSC 10.00 9/17/2027 RUB 9.10
TransFin-M PAO 12.00 11/1/2019 RUB 103.87
Lehman Brothers Treasury Co B 7.00 4/14/2009 EUR 2.57
BNP Paribas SA 0.50 11/16/2032 MXN 24.54
Kaupthing ehf 6.13 10/4/2016 USD 0.25
RGS Nedvizhimost OOO 12.50 7/22/2021 RUB 0.34
Otkritie Holding JSC 11.50 5/26/2032 RUB 30.58
Bashneft PJSC 12.10 6/3/2025 RUB 60.00
Kaupthing ehf 7.50 2/1/2045 USD 0.26
Banca Adriatica Spa 7.20 6/30/2018 EUR 1.24
HSBC Bank PLC 0.50 11/25/2025 BRL 46.63
Societe Generale SA 0.50 4/3/2023 RUB 73.22
Kommunalbanken AS 0.50 12/16/2020 TRY 67.08
SUEK Finance OOO 12.50 8/19/2025 RUB 66.01
TransFin-M PAO 10.50 11/11/2024 RUB 61.40
Societe Generale SA 1.14 1/31/2034 USD 63.13
OOO SPV Structural Investment 0.01 9/1/2023 RUB 73.89
RGS Nedvizhimost OOO 12.00 10/18/2017 RUB 0.34
Deutsche Bank AG 4.20 6/19/2018 EUR 72.50
UBS AG/London 22.70 9/27/2018 EUR 59.77
BNP Paribas Emissions- und Ha 16.00 9/27/2018 EUR 63.36
Vontobel Financial Products G 9.50 6/22/2018 EUR 53.66
UniCredit Bank AG 5.20 5/4/2020 USD 58.26
UBS AG/London 6.00 8/30/2019 CHF 54.80
Vontobel Financial Products G 7.55 1/25/2019 EUR 72.75
HSBC Trinkaus & Burkhardt AG 6.20 6/22/2018 EUR 72.91
EFG International Finance Gue 6.00 8/3/2020 USD 65.86
Vontobel Financial Products G 7.00 12/27/2019 EUR 67.25
Finca Uco Cjsc 7.50 2/22/2019 USD 25.75
Araratbank OJSC 6.50 10/29/2019 USD 25.65
Bank J Safra Sarasin AG/Guern 12.10 7/6/2018 CHF 50.25
Rossiysky Capital OJSC 7.75 1/16/2020 RUB 63.01
Araratbank OJSC 8.00 6/10/2018 USD 25.48
Bank Julius Baer & Co Ltd/Gue 14.40 1/24/2019 USD 68.85
Deutsche Bank AG 4.20 6/19/2018 EUR 66.49
Deutsche Bank AG 6.20 6/19/2018 EUR 63.26
Bayerische Landesbank 3.00 10/5/2018 EUR 50.07
Erste Group Bank AG 4.00 10/19/2019 EUR 76.90
Lehman Brothers Treasury Co B 2.50 8/23/2012 GBP 2.57
Otkritie Holding JSC 10.00 4/20/2028 RUB 10.50
Lehman Brothers Treasury Co B 1.75 2/7/2010 EUR 2.57
UAHM-Finance OOO 3.00 3/30/2021 RUB 100.00
Whale Finance LLC 8.75 3/13/2019 RUB 51.00
Kaupthing ehf 9.75 9/10/2015 USD 0.25
Rusfinans Bank OOO 8.05 10/2/2018 RUB 64.01
Lehman Brothers Treasury Co B 11.00 12/20/2017 AUD 2.57
Phosphorus Holdco PLC 10.00 4/1/2019 GBP 3.18
Lehman Brothers Treasury Co B 10.00 1/3/2012 BRL 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 USD 2.57
Kaupthing ehf 7.00 7/24/2009 ISK 0.25
Landesbank Baden-Wuerttemberg 3.10 10/25/2019 EUR 60.06
UniCredit Bank AG 5.40 11/29/2019 USD 52.11
Bayerische Landesbank 2.60 11/16/2018 EUR 52.73
Araratbank OJSC 7.25 6/27/2018 USD 25.40
Center-Invest Commercial Bank 10.50 7/20/2018 RUB 63.01
Rusfinans Bank OOO 8.05 6/30/2020 RUB 61.43
AKB Peresvet ZAO 12.75 7/24/2018 RUB 18.21
Federal Grid Co Unified Energ 3.20 10/30/2048 RUB 61.00
Lloyds Bank PLC 0.50 7/26/2028 MXN 36.51
Credit Suisse AG 0.50 12/16/2025 BRL 48.07
Credit Suisse AG/London 3.00 11/15/2025 ZAR 67.66
Center-Invest Commercial Bank 8.25 5/22/2019 RUB 61.41
Lehman Brothers Treasury Co B 4.10 5/20/2009 USD 2.57
Heta Asset Resolution AG 4.88 12/31/2023 EUR 34.63
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 53.65
UniCredit Bank AG 13.30 6/28/2019 EUR 69.13
First Mortgage Co Universal C 6.50 12/12/2019 USD 25.36
DZ Bank AG Deutsche Zentral-G 8.50 9/28/2018 EUR 61.24
DZ Bank AG Deutsche Zentral-G 9.25 6/22/2018 EUR 74.03
Raiffeisen Centrobank AG 12.39 6/25/2019 EUR 70.55
DZ Bank AG Deutsche Zentral-G 9.00 6/18/2018 EUR 59.69
Vontobel Financial Products G 14.50 6/22/2018 EUR 63.29
Vontobel Financial Products G 8.50 6/22/2018 EUR 56.03
Zurcher Kantonalbank Finance 5.00 8/12/2019 CHF 52.37
VTB Bank PJSC 3.00 8/14/2043 RUB 65.00
Vontobel Financial Products G 13.00 6/28/2019 EUR 68.28
Vontobel Financial Products G 9.00 1/25/2019 EUR 66.49
VTB Bank PJSC 3.00 9/18/2046 RUB 65.00
Goldman Sachs & Co Wertpapier 17.00 6/20/2018 EUR 76.20
Lehman Brothers Treasury Co B 12.00 7/13/2037 JPY 2.57
Credit Suisse AG/London 0.50 1/8/2026 BRL 46.90
AKB Peresvet ZAO 13.25 4/25/2018 RUB 23.38
Lehman Brothers Treasury Co B 9.30 12/21/2010 EUR 2.57
Lehman Brothers Treasury Co B 8.00 5/22/2009 USD 2.57
Lehman Brothers Treasury Co B 2.00 6/28/2011 EUR 2.57
Rusfinans Bank OOO 9.95 8/22/2019 RUB 63.49
Lehman Brothers Treasury Co B 3.00 12/3/2012 EUR 2.57
Landesbank Hessen-Thueringen 7.77 7/15/2021 EUR 67.14
Lehman Brothers Treasury Co B 4.70 3/23/2016 EUR 2.57
Lehman Brothers Treasury Co B 3.03 1/31/2015 EUR 2.57
Lehman Brothers Treasury Co B 5.25 11/21/2009 USD 2.57
Lehman Brothers Treasury Co B 5.12 4/30/2027 EUR 2.57
Lehman Brothers Treasury Co B 2.00 11/16/2009 EUR 2.57
Sviaz Bank OAO 9.75 12/9/2021 RUB 68.01
Northland Resources AB 15.00 7/15/2019 USD 2.62
Lehman Brothers Treasury Co B 5.00 11/22/2012 EUR 2.57
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 45.76
BNP Paribas Emissions- und Ha 8.50 9/27/2018 EUR 73.40
BNP Paribas Emissions- und Ha 11.00 9/27/2018 EUR 71.13
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 58.99
UBS AG/London 16.60 9/27/2018 EUR 64.30
BNP Paribas Emissions- und Ha 28.00 6/21/2018 EUR 74.51
Commerzbank AG 12.50 11/23/2018 EUR 64.16
BNP Paribas Emissions- und Ha 24.00 6/21/2018 EUR 74.36
BNP Paribas Emissions- und Ha 20.00 6/21/2018 EUR 50.94
BNP Paribas Emissions- und Ha 9.50 9/27/2018 EUR 66.73
Zurcher Kantonalbank Finance 4.50 11/2/2018 CHF 55.65
Vontobel Financial Products G 10.50 9/21/2018 EUR 70.55
Zurcher Kantonalbank Finance 6.60 4/3/2019 CHF 63.81
Vontobel Financial Products G 12.00 9/14/2018 EUR 68.48
Commerzbank AG 1.00 11/2/2020 USD
BNP Paribas Emissions- und Ha 23.00 6/21/2018 EUR 76.99
Commerzbank AG 10.00 1/2/2019 EUR 67.46
Commerzbank AG 11.00 1/2/2019 EUR 66.10
Commerzbank AG 13.50 9/28/2018 EUR 62.64
Deutsche Bank AG 4.20 6/19/2018 EUR 73.00
Deutsche Bank AG 6.20 6/19/2018 EUR 68.30
Deutsche Bank AG 6.20 9/25/2018 EUR 70.00
Deutsche Bank AG 6.20 12/27/2018 EUR 71.50
Commerzbank AG 9.75 9/28/2018 EUR 46.60
Vontobel Financial Products G 11.00 9/28/2018 EUR 68.58
Vontobel Financial Products G 10.00 9/28/2018 EUR 70.56
Deutsche Bank AG 4.20 6/19/2018 EUR 71.00
BNP Paribas Emissions- und Ha 6.50 12/31/2018 EUR 64.77
Commerzbank AG 10.50 10/26/2018 EUR 70.89
UBS AG/London 10.10 6/22/2018 EUR 62.67
HSBC Trinkaus & Burkhardt AG 9.80 9/28/2018 EUR 70.64
Vontobel Financial Products G 5.50 9/28/2018 EUR 51.31
Vontobel Financial Products G 13.00 1/2/2019 EUR 66.58
Deutsche Bank AG 6.20 6/19/2018 EUR 72.60
BNP Paribas Emissions- und Ha 3.00 12/31/2018 EUR 71.45
Vontobel Financial Products G 4.00 9/28/2018 EUR 54.13
Commerzbank AG 10.50 10/26/2018 EUR 70.20
Credit Suisse AG/London 8.25 9/27/2018 USD 58.02
Commerzbank AG 14.25 7/27/2018 EUR 71.65
Raiffeisen Centrobank AG 5.66 3/19/2019 EUR 69.82
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 72.40
UBS AG/London 10.40 9/27/2018 EUR 70.55
Commerzbank AG 15.25 6/22/2018 EUR 71.92
Commerzbank AG 12.00 9/28/2018 EUR 71.60
Vontobel Financial Products G 11.55 6/22/2018 EUR 68.29
UBS AG/London 16.10 9/27/2018 EUR 64.33
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 71.86
BNP Paribas Emissions- und Ha 21.00 6/21/2018 EUR 66.75
BNP Paribas Emissions- und Ha 12.00 12/31/2018 EUR 72.78
BNP Paribas Emissions- und Ha 24.00 6/21/2018 EUR 51.10
BNP Paribas Emissions- und Ha 15.00 9/27/2018 EUR 60.37
UBS AG/London 17.50 9/27/2018 EUR 70.58
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 74.43
Leonteq Securities AG/Guernse 10.20 12/20/2018 CHF 64.28
Leonteq Securities AG/Guernse 12.20 12/20/2018 USD 64.95
Commerzbank AG 5.75 9/28/2018 EUR 54.61
Vontobel Financial Products G 12.50 9/28/2018 EUR 66.88
Vontobel Financial Products G 10.00 6/22/2018 EUR 70.73
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 64.89
EFG International Finance Gue 11.80 10/18/2018 EUR 70.84
Commerzbank AG 7.75 9/28/2018 EUR 49.69
Commerzbank AG 11.75 9/28/2018 EUR 44.38
Vontobel Financial Products G 13.55 6/22/2018 EUR 66.05
Commerzbank AG 8.00 9/28/2018 EUR 73.57
Raiffeisen Schweiz Genossensc 10.50 10/16/2018 CHF 56.87
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 69.18
Vontobel Financial Products G 8.75 9/28/2018 EUR 65.54
Deutsche Bank AG 4.20 6/19/2018 EUR 66.70
Leonteq Securities AG/Guernse 13.20 1/16/2019 CHF 61.35
Commerzbank AG 11.50 10/26/2018 EUR 69.61
UBS AG/London 9.40 6/22/2018 EUR 47.59
Vontobel Financial Products G 8.00 9/28/2018 EUR 47.85
UniCredit Bank AG 10.70 3/22/2019 EUR 72.68
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 74.30
BNP Paribas Emissions- und Ha 17.00 6/21/2018 EUR 54.69
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 46.24
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 70.83
BNP Paribas Emissions- und Ha 6.00 9/27/2018 EUR 47.60
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 71.36
BNP Paribas Emissions- und Ha 9.50 12/31/2018 EUR 73.47
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 64.22
BNP Paribas Emissions- und Ha 8.50 9/27/2018 EUR 66.42
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 64.13
Vontobel Financial Products G 12.05 6/15/2018 EUR 68.09
Commerzbank AG 14.25 8/24/2018 EUR 61.59
Commerzbank AG 13.75 8/24/2018 EUR 72.54
Commerzbank AG 8.00 1/2/2019 EUR 70.20
Commerzbank AG 13.00 10/26/2018 EUR 63.40
Vontobel Financial Products G 12.35 12/14/2018 EUR 69.43
BNP Paribas Emissions- und Ha 23.00 9/27/2018 EUR 70.78
Landesbank Baden-Wuerttemberg 5.00 1/4/2019 EUR 72.00
BNP Paribas Emissions- und Ha 19.00 6/21/2018 EUR 75.65
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 42.73
BNP Paribas Emissions- und Ha 7.50 6/21/2018 EUR 76.39
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 74.29
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 40.68
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 72.59
Vontobel Financial Products G 9.00 10/30/2018 EUR 70.45
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 72.31
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 69.32
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 63.03
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 59.55
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 75.33
BNP Paribas Emissions- und Ha 8.50 12/31/2018 EUR 68.41
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 70.50
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 64.78
Vontobel Financial Products G 15.05 9/14/2018 EUR 65.15
Deutsche Bank AG 8.20 6/19/2018 EUR 73.20
UniCredit Bank AG 14.50 1/4/2019 EUR 10.44
HSBC Trinkaus & Burkhardt AG 10.10 12/28/2018 EUR 48.70
HSBC Trinkaus & Burkhardt AG 4.10 12/28/2018 EUR 60.97
BNP Paribas Emissions- und Ha 21.00 6/21/2018 EUR 73.35
BNP Paribas Emissions- und Ha 15.00 9/27/2018 EUR 58.57
Commerzbank AG 9.00 1/2/2019 EUR 68.82
Commerzbank AG 12.00 1/2/2019 EUR 65.23
Vontobel Financial Products G 13.00 9/28/2018 EUR 67.04
Deutsche Bank AG 4.20 6/19/2018 EUR 68.20
Deutsche Bank AG 4.20 9/25/2018 EUR 74.20
Deutsche Bank AG 4.20 12/27/2018 EUR 70.40
Commerzbank AG 9.00 7/27/2018 EUR 70.40
Commerzbank AG 15.00 7/27/2018 EUR 60.64
Deutsche Bank AG 4.20 9/25/2018 EUR 69.40
Commerzbank AG 10.00 9/28/2018 EUR 46.07
HSBC Trinkaus & Burkhardt AG 8.70 8/24/2018 EUR 50.15
BNP Paribas Emissions- und Ha 29.00 6/21/2018 EUR 72.53
Commerzbank AG 10.50 6/22/2018 EUR 69.66
Commerzbank AG 9.50 8/24/2018 EUR 71.13
Leonteq Securities AG/Guernse 13.40 1/3/2019 EUR 62.31
HSBC Trinkaus & Burkhardt AG 11.10 9/28/2018 EUR 46.53
HSBC Trinkaus & Burkhardt AG 6.10 12/28/2018 EUR 54.69
BNP Paribas Emissions- und Ha 18.00 6/21/2018 EUR 72.77
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 74.21
Credit Suisse AG/London 8.00 10/9/2018 USD 58.35
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 66.45
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 53.44
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 66.98
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 49.09
Raiffeisen Schweiz Genossensc 6.75 3/15/2019 CHF 64.33
Commerzbank AG 5.25 10/26/2018 EUR 54.48
Commerzbank AG 9.25 10/26/2018 EUR 46.50
Vontobel Financial Products G 8.50 9/28/2018 EUR 67.67
Commerzbank AG 9.25 6/22/2018 EUR 45.26
HSBC Trinkaus & Burkhardt AG 4.50 9/28/2018 EUR 45.49
HSBC Trinkaus & Burkhardt AG 8.00 12/28/2018 EUR 44.18
Commerzbank AG 5.25 6/22/2018 EUR 53.20
DZ Bank AG Deutsche Zentral-G 8.50 9/24/2018 EUR 61.07
Vontobel Financial Products G 4.50 3/22/2019 EUR 53.31
HSBC Trinkaus & Burkhardt AG 7.80 9/28/2018 EUR 65.66
HSBC Trinkaus & Burkhardt AG 7.60 12/28/2018 EUR 67.31
Commerzbank AG 6.50 6/22/2018 EUR 64.54
DZ Bank AG Deutsche Zentral-G 6.25 11/23/2018 EUR 47.11
Raiffeisen Centrobank AG 8.86 9/25/2018 EUR 69.89
Commerzbank AG 7.25 10/26/2018 EUR 49.37
Commerzbank AG 11.25 10/26/2018 EUR 44.58
UBS AG/London 6.90 6/22/2018 EUR 51.38
Commerzbank AG 15.75 7/27/2018 EUR 73.55
Commerzbank AG 3.25 6/22/2018 EUR 62.13
Commerzbank AG 14.00 9/28/2018 EUR 74.11
Commerzbank AG 15.00 8/24/2018 EUR 73.73
BNP Paribas Emissions- und Ha 5.00 12/31/2018 EUR 75.65
HSBC Trinkaus & Burkhardt AG 6.50 9/28/2018 EUR 69.69
HSBC Trinkaus & Burkhardt AG 7.60 12/28/2018 EUR 67.31
Commerzbank AG 5.50 9/28/2018 EUR 65.94
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 76.16
Bank Julius Baer & Co Ltd/Gue 11.50 10/10/2018 USD 59.55
Raiffeisen Schweiz Genossensc 10.00 10/16/2018 CHF 54.91
Bank Julius Baer & Co Ltd/Gue 8.35 9/24/2018 USD 59.65
Commerzbank AG 7.25 6/22/2018 EUR 48.37
DZ Bank AG Deutsche Zentral-G 7.60 6/18/2018 EUR 71.19
Raiffeisen Centrobank AG 7.37 3/19/2019 EUR 60.18
BNP Paribas Emissions- und Ha 5.00 6/27/2019 EUR 75.72
Deutsche Bank AG 6.20 9/25/2018 EUR 67.30
EFG International Finance Gue 7.66 10/5/2018 USD 58.10
Commerzbank AG 10.50 10/26/2018 EUR 45.43
Raiffeisen Centrobank AG 7.65 3/19/2019 EUR 70.93
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 69.81
BNP Paribas Emissions- und Ha 23.00 6/21/2018 EUR 64.90
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 73.50
BNP Paribas Emissions- und Ha 18.00 9/27/2018 EUR 58.20
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 69.43
Vontobel Financial Products G 10.50 10/26/2018 EUR 69.42
BNP Paribas Emissions- und Ha 17.00 9/27/2018 EUR 73.53
DZ Bank AG Deutsche Zentral-G 10.75 9/28/2018 EUR 48.30
DZ Bank AG Deutsche Zentral-G 5.00 9/28/2018 EUR 72.45
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 73.82
BNP Paribas Emissions- und Ha 13.00 12/31/2018 EUR 61.42
Commerzbank AG 6.75 6/22/2018 EUR 67.38
Commerzbank AG 9.50 10/26/2018 EUR 65.55
Commerzbank AG 17.00 6/22/2018 EUR 72.54
Vontobel Financial Products G 8.75 9/28/2018 EUR 70.70
HSBC Trinkaus & Burkhardt AG 6.80 6/22/2018 EUR 68.08
HSBC Trinkaus & Burkhardt AG 6.80 6/22/2018 EUR 68.08
HSBC Trinkaus & Burkhardt AG 6.50 9/28/2018 EUR 69.69
Deutsche Bank AG 6.20 6/19/2018 EUR 70.50
Deutsche Bank AG 6.20 6/19/2018 EUR 65.70
UBS AG/London 17.00 6/28/2018 EUR 53.51
UBS AG/London 11.30 6/28/2018 EUR 59.67
Vontobel Financial Products G 16.30 6/8/2018 EUR 68.24
Vontobel Financial Products G 13.30 9/14/2018 EUR 72.07
Vontobel Financial Products G 6.25 6/15/2018 EUR 52.70
Vontobel Financial Products G 4.35 9/14/2018 EUR 75.44
Goldman Sachs & Co Wertpapier 23.00 6/20/2018 EUR 68.97
Goldman Sachs & Co Wertpapier 22.00 6/20/2018 EUR 75.50
Goldman Sachs & Co Wertpapier 22.00 6/20/2018 EUR 72.26
Goldman Sachs & Co Wertpapier 20.00 7/25/2018 EUR 74.22
HSBC Trinkaus & Burkhardt AG 4.60 6/22/2018 EUR 70.60
HSBC Trinkaus & Burkhardt AG 6.20 12/28/2018 EUR 68.80
HSBC Trinkaus & Burkhardt AG 6.40 8/24/2018 EUR 66.93
HSBC Trinkaus & Burkhardt AG 7.60 6/22/2018 EUR 50.10
HSBC Trinkaus & Burkhardt AG 5.50 6/22/2018 EUR 55.15
HSBC Trinkaus & Burkhardt AG 10.30 9/28/2018 EUR 47.47
HSBC Trinkaus & Burkhardt AG 7.50 9/28/2018 EUR 52.10
HSBC Trinkaus & Burkhardt AG 9.00 8/24/2018 EUR 48.80
Leonteq Securities AG/Guernse 10.60 3/15/2019 CHF 51.73
Leonteq Securities AG/Guernse 13.00 3/15/2019 EUR 67.62
UniCredit Bank AG 11.80 9/28/2018 EUR 64.85
UniCredit Bank AG 13.30 9/28/2018 EUR 63.47
UniCredit Bank AG 14.90 9/28/2018 EUR 62.18
Deutsche Bank AG 3.20 3/19/2019 EUR 69.50
Deutsche Bank AG 3.20 6/25/2019 EUR 69.30
Vontobel Financial Products G 8.00 1/2/2019 EUR 59.69
Vontobel Financial Products G 10.00 1/2/2019 EUR 60.08
BNP Paribas Emissions- und Ha 17.00 12/31/2018 EUR 63.69
BNP Paribas Emissions- und Ha 13.00 12/31/2018 EUR 60.45
BNP Paribas Emissions- und Ha 15.00 12/31/2018 EUR 58.38
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 61.98
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 57.69
BNP Paribas Emissions- und Ha 19.00 6/21/2018 EUR 54.06
BNP Paribas Emissions- und Ha 16.00 9/27/2018 EUR 58.06
BNP Paribas Emissions- und Ha 18.00 9/27/2018 EUR 55.41
BNP Paribas Emissions- und Ha 20.00 6/21/2018 EUR 70.12
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 71.37
BNP Paribas Emissions- und Ha 8.00 9/27/2018 EUR 70.03
BNP Paribas Emissions- und Ha 17.00 9/27/2018 EUR 60.98
BNP Paribas Emissions- und Ha 18.00 6/21/2018 EUR 69.25
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 70.54
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 70.58
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 64.35
BNP Paribas Emissions- und Ha 20.00 6/21/2018 EUR 59.30
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 72.72
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 74.08
BNP Paribas Emissions- und Ha 14.00 12/31/2018 EUR 66.40
Vontobel Financial Products G 7.00 1/25/2019 EUR 66.22
Leonteq Securities AG/Guernse 8.00 12/27/2019 EUR 69.20
Raiffeisen Schweiz Genossensc 8.75 12/27/2018 CHF 48.96
Commerzbank AG 5.50 8/24/2018 EUR 70.60
Commerzbank AG 6.50 8/24/2018 EUR 68.58
Commerzbank AG 5.75 9/28/2018 EUR 70.40
Commerzbank AG 6.00 10/26/2018 EUR 70.38
Commerzbank AG 7.00 10/26/2018 EUR 68.42
Commerzbank AG 8.00 10/26/2018 EUR 66.81
HSBC Trinkaus & Burkhardt AG 9.60 12/28/2018 EUR 66.60
Vontobel Financial Products G 17.00 9/28/2018 EUR 72.15
Vontobel Financial Products G 15.55 9/28/2018 EUR 71.69
DZ Bank AG Deutsche Zentral-G 7.25 6/18/2018 EUR 57.92
DZ Bank AG Deutsche Zentral-G 8.25 12/24/2018 EUR 62.13
DZ Bank AG Deutsche Zentral-G 8.25 3/18/2019 EUR 63.89
DZ Bank AG Deutsche Zentral-G 11.00 1/2/2019 EUR 72.85
DZ Bank AG Deutsche Zentral-G 5.75 6/22/2018 EUR 74.36
DZ Bank AG Deutsche Zentral-G 5.25 3/22/2019 EUR 65.11
DZ Bank AG Deutsche Zentral-G 13.00 6/22/2018 EUR 72.19
DZ Bank AG Deutsche Zentral-G 12.25 6/22/2018 EUR 72.96
DZ Bank AG Deutsche Zentral-G 12.25 6/22/2018 EUR 69.57
DZ Bank AG Deutsche Zentral-G 8.00 6/22/2018 EUR 69.37
DZ Bank AG Deutsche Zentral-G 9.25 6/22/2018 EUR 66.67
DZ Bank AG Deutsche Zentral-G 8.25 9/28/2018 EUR 72.84
DZ Bank AG Deutsche Zentral-G 10.50 9/28/2018 EUR 70.12
DZ Bank AG Deutsche Zentral-G 4.25 9/28/2018 EUR 79.47
DZ Bank AG Deutsche Zentral-G 8.50 1/2/2019 EUR 74.67
Deutsche Bank AG 6.20 6/19/2018 EUR 69.80
Deutsche Bank AG 4.20 6/19/2018 EUR 69.70
Deutsche Bank AG 4.20 9/25/2018 EUR 70.80
Deutsche Bank AG 6.20 9/25/2018 EUR 71.50
Deutsche Bank AG 6.20 12/27/2018 EUR 72.90
Deutsche Bank AG 4.20 12/27/2018 EUR 71.80
DZ Bank AG Deutsche Zentral-G 12.25 1/2/2019 EUR 69.59
DZ Bank AG Deutsche Zentral-G 7.70 6/18/2018 EUR 63.61
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 42.28
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 46.06
BNP Paribas Emissions- und Ha 13.00 12/31/2018 EUR 48.91
BNP Paribas Emissions- und Ha 19.00 12/31/2018 EUR 52.32
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 44.92
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 47.20
BNP Paribas Emissions- und Ha 16.00 12/31/2018 EUR 50.62
Vontobel Financial Products G 6.50 1/2/2019 EUR 53.32
Vontobel Financial Products G 5.50 1/2/2019 EUR 52.74
Vontobel Financial Products G 4.05 9/28/2018 EUR 53.68
Vontobel Financial Products G 5.05 9/28/2018 EUR 53.99
Vontobel Financial Products G 10.50 9/28/2018 EUR 55.70
Vontobel Financial Products G 13.50 9/28/2018 EUR 56.64
Vontobel Financial Products G 12.55 1/2/2019 EUR 56.80
Vontobel Financial Products G 11.55 1/2/2019 EUR 56.22
Vontobel Financial Products G 10.50 1/2/2019 EUR 55.62
Vontobel Financial Products G 8.50 1/2/2019 EUR 54.47
Vontobel Financial Products G 7.50 1/2/2019 EUR 53.89
Vontobel Financial Products G 11.80 6/8/2018 EUR 49.77
Vontobel Financial Products G 8.95 6/8/2018 EUR 49.74
Vontobel Financial Products G 5.15 6/8/2018 EUR 49.71
Vontobel Financial Products G 13.05 3/8/2019 EUR 75.40
Vontobel Financial Products G 7.00 6/8/2018 EUR 56.09
Vontobel Financial Products G 9.65 6/8/2018 EUR 70.14
Vontobel Financial Products G 5.25 6/8/2018 EUR 73.59
Vontobel Financial Products G 8.70 6/8/2018 EUR 73.62
Vontobel Financial Products G 6.25 6/8/2018 EUR 57.42
Vontobel Financial Products G 6.00 6/22/2018 EUR 70.54
Vontobel Financial Products G 6.50 6/22/2018 EUR 68.05
Leonteq Securities AG 7.00 8/15/2018 EUR 74.68
Vontobel Financial Products G 6.70 3/8/2019 EUR 74.65
Vontobel Financial Products G 8.50 6/22/2018 EUR 63.63
Vontobel Financial Products G 10.00 6/22/2018 EUR 59.74
Vontobel Financial Products G 12.00 6/22/2018 EUR 56.34
UniCredit Bank AG 14.50 6/22/2018 EUR 75.20
UniCredit Bank AG 14.40 6/22/2018 EUR 69.80
UniCredit Bank AG 10.40 6/22/2018 EUR 58.45
UniCredit Bank AG 8.10 6/22/2018 EUR 63.16
UniCredit Bank AG 14.20 6/22/2018 EUR 69.85
Bank Julius Baer & Co Ltd/Gue 10.20 11/15/2018 CHF 58.05
UniCredit Bank AG 13.90 6/22/2018 EUR 72.23
UniCredit Bank AG 13.60 6/22/2018 EUR 57.11
UniCredit Bank AG 10.50 6/22/2018 EUR 44.70
UniCredit Bank AG 5.80 6/22/2018 EUR 69.24
UniCredit Bank AG 7.70 6/22/2018 EUR 50.07
UniCredit Bank AG 9.10 6/22/2018 EUR 47.22
UniCredit Bank AG 4.40 6/22/2018 EUR 73.31
UniCredit Bank AG 12.00 6/22/2018 EUR 42.45
UniCredit Bank AG 7.50 6/22/2018 EUR 65.71
DZ Bank AG Deutsche Zentral-G 9.75 9/26/2018 EUR 72.37
Vontobel Financial Products G 7.00 6/22/2018 EUR 54.15
Vontobel Financial Products G 11.00 6/22/2018 EUR 54.48
DZ Bank AG Deutsche Zentral-G 5.75 6/22/2018 EUR 63.47
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 63.37
DZ Bank AG Deutsche Zentral-G 7.00 6/18/2018 EUR 61.60
BNP Paribas Emissions- und Ha 4.50 9/27/2018 EUR 71.50
BNP Paribas Emissions- und Ha 5.50 9/27/2018 EUR 67.07
UniCredit Bank AG 4.30 6/29/2018 EUR 61.93
UBS AG/London 7.30 6/22/2018 EUR 70.58
Leonteq Securities AG 9.00 3/27/2020 USD 62.79
HSBC Trinkaus & Burkhardt AG 8.00 6/22/2018 EUR 68.77
HSBC Trinkaus & Burkhardt AG 8.00 6/22/2018 EUR 39.22
HSBC Trinkaus & Burkhardt AG 5.70 6/22/2018 EUR 44.50
HSBC Trinkaus & Burkhardt AG 12.00 6/22/2018 EUR 61.22
HSBC Trinkaus & Burkhardt AG 8.30 9/28/2018 EUR 71.20
HSBC Trinkaus & Burkhardt AG 7.70 6/22/2018 EUR 67.11
HSBC Trinkaus & Burkhardt AG 5.80 6/22/2018 EUR 70.72
HSBC Trinkaus & Burkhardt AG 5.20 6/22/2018 EUR 70.60
HSBC Trinkaus & Burkhardt AG 11.70 6/22/2018 EUR 33.74
HSBC Trinkaus & Burkhardt AG 10.50 6/22/2018 EUR 35.13
Landesbank Baden-Wuerttemberg 8.00 9/28/2018 EUR 73.56
Landesbank Baden-Wuerttemberg 4.00 9/28/2018 EUR 73.60
DZ Bank AG Deutsche Zentral-G 5.00 6/18/2018 EUR 57.82
Vontobel Financial Products G 6.00 7/27/2018 EUR 73.38
Vontobel Financial Products G 10.55 7/27/2018 EUR 46.80
DZ Bank AG Deutsche Zentral-G 15.00 8/22/2018 EUR 76.69
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 40.69
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 48.83
Vontobel Financial Products G 12.00 2/22/2019 EUR 73.97
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 75.04
BNP Paribas Emissions- und Ha 8.50 12/31/2018 EUR 74.89
BNP Paribas Emissions- und Ha 11.00 9/27/2018 EUR 59.24
DZ Bank AG Deutsche Zentral-G 5.00 7/27/2018 EUR 2.37
HSBC Trinkaus & Burkhardt AG 4.50 12/28/2018 EUR 64.37
HSBC Trinkaus & Burkhardt AG 10.07 6/22/2018 EUR 64.90
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 65.15
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 69.83
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 62.40
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 67.61
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 69.95
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 65.47
BNP Paribas Emissions- und Ha 7.50 6/21/2018 EUR 68.15
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 64.09
BNP Paribas Emissions- und Ha 5.50 9/27/2018 EUR 72.48
BNP Paribas Emissions- und Ha 6.50 9/27/2018 EUR 69.75
BNP Paribas Emissions- und Ha 8.50 9/27/2018 EUR 66.25
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 56.35
Vontobel Financial Products G 6.50 9/28/2018 EUR 69.47
Vontobel Financial Products G 7.50 9/28/2018 EUR 67.48
Vontobel Financial Products G 8.50 9/28/2018 EUR 65.62
Vontobel Financial Products G 10.50 9/28/2018 EUR 62.29
Vontobel Financial Products G 12.50 9/28/2018 EUR 59.54
Vontobel Financial Products G 12.00 6/22/2018 EUR 59.83
Vontobel Financial Products G 13.50 6/22/2018 EUR 58.10
Vontobel Financial Products G 15.05 6/22/2018 EUR 56.49
Vontobel Financial Products G 9.00 7/27/2018 EUR 64.49
Vontobel Financial Products G 6.50 6/22/2018 EUR 70.56
Vontobel Financial Products G 8.50 6/22/2018 EUR 65.81
Vontobel Financial Products G 6.50 1/2/2019 EUR 71.06
Vontobel Financial Products G 9.55 1/2/2019 EUR 64.54
Vontobel Financial Products G 10.50 7/27/2018 EUR 60.72
Commerzbank AG 6.00 7/27/2018 EUR 69.06
Vontobel Financial Products G 13.65 6/8/2018 EUR 75.02
UBS AG/London 19.30 6/28/2018 EUR 66.36
UBS AG/London 6.10 9/27/2018 EUR 69.17
UBS AG/London 8.25 8/3/2018 CHF 57.20
Vontobel Financial Products G 7.10 6/8/2018 EUR 64.74
Goldman Sachs & Co Wertpapier 21.00 7/25/2018 EUR 71.10
Goldman Sachs & Co Wertpapier 25.00 6/20/2018 EUR 73.59
Goldman Sachs & Co Wertpapier 25.00 7/25/2018 EUR 72.97
HSBC Trinkaus & Burkhardt AG 5.80 9/28/2018 EUR 56.69
Vontobel Financial Products G 15.00 6/22/2018 EUR 69.01
Vontobel Financial Products G 13.50 6/22/2018 EUR 68.94
DZ Bank AG Deutsche Zentral-G 5.00 7/27/2018 EUR 71.42
DZ Bank AG Deutsche Zentral-G 5.75 6/22/2018 EUR 72.71
DZ Bank AG Deutsche Zentral-G 8.50 6/22/2018 EUR 75.31
DZ Bank AG Deutsche Zentral-G 9.50 6/22/2018 EUR 43.19
DZ Bank AG Deutsche Zentral-G 6.25 9/24/2018 EUR 74.04
DZ Bank AG Deutsche Zentral-G 8.75 6/22/2018 EUR 61.74
UBS AG/London 16.00 8/30/2018 CHF 20.45
Landesbank Baden-Wuerttemberg 3.00 6/28/2019 EUR 73.85
DZ Bank AG Deutsche Zentral-G 7.20 6/18/2018 EUR 69.62
HSBC Trinkaus & Burkhardt AG 6.50 9/28/2018 EUR 65.23
Goldman Sachs & Co Wertpapier 19.00 1/23/2019 EUR 73.47
Goldman Sachs & Co Wertpapier 21.00 1/23/2019 EUR 72.81
Goldman Sachs & Co Wertpapier 20.00 2/20/2019 EUR 73.60
Goldman Sachs & Co Wertpapier 16.00 6/26/2019 EUR 75.26
Goldman Sachs & Co Wertpapier 24.00 9/26/2018 EUR 71.00
Goldman Sachs & Co Wertpapier 13.00 10/24/2018 EUR 75.55
Goldman Sachs & Co Wertpapier 25.00 10/24/2018 EUR 70.96
Goldman Sachs & Co Wertpapier 20.00 11/21/2018 EUR 72.58
Goldman Sachs & Co Wertpapier 23.00 12/28/2018 EUR 72.21
Vontobel Financial Products G 12.55 6/22/2018 EUR 66.34
Goldman Sachs & Co Wertpapier 7.00 1/23/2019 EUR 73.05
Goldman Sachs & Co Wertpapier 5.00 6/20/2018 EUR 69.44
Goldman Sachs & Co Wertpapier 7.00 6/20/2018 EUR 73.64
Goldman Sachs & Co Wertpapier 7.00 9/26/2018 EUR 71.22
HSBC Trinkaus & Burkhardt AG 13.40 6/22/2018 EUR 40.44
HSBC Trinkaus & Burkhardt AG 8.90 6/22/2018 EUR 47.25
HSBC Trinkaus & Burkhardt AG 5.70 6/22/2018 EUR 68.82
Vontobel Financial Products G 11.05 6/8/2018 EUR 55.77
Vontobel Financial Products G 13.20 6/8/2018 EUR 52.69
Vontobel Financial Products G 7.60 6/8/2018 EUR 70.54
DZ Bank AG Deutsche Zentral-G 6.25 6/18/2018 EUR 72.91
Vontobel Financial Products G 14.00 6/8/2018 EUR 56.29
Vontobel Financial Products G 10.95 6/8/2018 EUR 74.21
DZ Bank AG Deutsche Zentral-G 6.50 6/22/2018 EUR 70.81
Vontobel Financial Products G 10.55 6/8/2018 EUR 49.76
Vontobel Financial Products G 7.10 6/8/2018 EUR 49.73
UBS AG/London 8.60 6/22/2018 EUR 55.82
Vontobel Financial Products G 7.05 6/8/2018 EUR 73.65
Goldman Sachs & Co Wertpapier 14.00 6/20/2018 EUR 76.07
Vontobel Financial Products G 10.15 3/8/2019 EUR 66.62
Vontobel Financial Products G 7.50 6/22/2018 EUR 65.76
Vontobel Financial Products G 9.50 6/22/2018 EUR 61.63
Vontobel Financial Products G 11.00 6/22/2018 EUR 57.99
UniCredit Bank AG 12.60 6/22/2018 EUR 73.63
Vontobel Financial Products G 13.70 3/8/2019 EUR 71.71
UniCredit Bank AG 13.60 6/22/2018 EUR 75.65
UniCredit Bank AG 6.10 6/22/2018 EUR 68.76
UniCredit Bank AG 11.80 6/22/2018 EUR 73.30
UniCredit Bank AG 13.10 6/22/2018 EUR 54.45
UniCredit Bank AG 6.50 6/22/2018 EUR 53.33
UniCredit Bank AG 4.20 6/22/2018 EUR 61.36
UniCredit Bank AG 9.40 6/22/2018 EUR 62.54
UniCredit Bank AG 5.30 6/22/2018 EUR 57.05
UniCredit Bank AG 13.60 6/22/2018 EUR 40.44
UniCredit Bank AG 11.40 6/22/2018 EUR 59.69
Leonteq Securities AG/Guernse 11.20 5/8/2019 CHF 68.73
DZ Bank AG Deutsche Zentral-G 6.25 12/28/2018 EUR 73.26
Vontobel Financial Products G 15.05 1/2/2019 EUR 74.26
Leonteq Securities AG/Guernse 12.80 1/10/2019 CHF 66.45
Commerzbank AG 11.75 8/24/2018 EUR 72.68
Vontobel Financial Products G 13.60 12/14/2018 EUR 61.18
UniCredit Bank AG 12.80 9/28/2018 EUR 45.96
Vontobel Financial Products G 13.45 12/14/2018 EUR 68.18
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 64.10
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 58.91
BNP Paribas Emissions- und Ha 18.00 6/21/2018 EUR 50.87
BNP Paribas Emissions- und Ha 7.50 9/27/2018 EUR 66.01
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 61.20
BNP Paribas Emissions- und Ha 6.50 12/31/2018 EUR 67.27
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 63.55
BNP Paribas Emissions- und Ha 11.00 12/31/2018 EUR 60.28
UniCredit Bank AG 6.65 11/25/2019 EUR 73.75
Bank Julius Baer & Co Ltd/Gue 8.00 11/2/2018 USD 67.50
Landesbank Baden-Wuerttemberg 4.00 2/22/2019 EUR 74.92
Deutsche Bank AG 7.20 12/27/2018 EUR 70.30
Commerzbank AG 17.25 8/24/2018 EUR 71.37
DZ Bank AG Deutsche Zentral-G 10.75 8/24/2018 EUR 62.66
Deutsche Bank AG 4.20 12/27/2018 EUR 74.80
Deutsche Bank AG 5.20 9/25/2018 EUR 73.70
Deutsche Bank AG 5.20 12/27/2018 EUR 74.70
Deutsche Bank AG 4.20 6/19/2018 EUR 75.00
DZ Bank AG Deutsche Zentral-G 5.00 12/24/2018 EUR 66.05
Leonteq Securities AG 7.40 4/24/2020 USD 60.11
DZ Bank AG Deutsche Zentral-G 7.60 1/2/2019 EUR 74.37
DZ Bank AG Deutsche Zentral-G 8.50 1/2/2019 EUR 71.16
Landesbank Baden-Wuerttemberg 5.50 8/24/2018 EUR 71.44
UniCredit Bank AG 10.10 6/22/2018 EUR 2.48
UniCredit Bank AG 3.10 6/22/2018 EUR 2.78
HSBC Trinkaus & Burkhardt AG 8.90 6/22/2018 EUR 64.95
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 68.88
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 74.69
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 74.32
UniCredit Bank AG 11.80 9/28/2018 EUR 66.88
UniCredit Bank AG 12.00 9/28/2018 EUR 71.99
UniCredit Bank AG 14.70 1/4/2019 EUR 46.58
Vontobel Financial Products G 9.55 12/14/2018 EUR 70.07
UniCredit Bank AG 6.30 9/28/2018 EUR 54.98
UniCredit Bank AG 13.60 9/28/2018 EUR 69.58
Vontobel Financial Products G 12.25 12/14/2018 EUR 67.37
Vontobel Financial Products G 9.40 12/14/2018 EUR 64.08
Vontobel Financial Products G 12.00 12/14/2018 EUR 72.97
DekaBank Deutsche Girozentral 3.10 1/10/2020 EUR 69.96
UBS AG/London 11.75 11/1/2018 USD 68.40
Vontobel Financial Products G 15.75 9/14/2018 EUR 70.03
DZ Bank AG Deutsche Zentral-G 15.00 6/22/2018 EUR 72.96
Vontobel Financial Products G 11.65 9/14/2018 EUR 68.90
BNP Paribas Emissions- und Ha 19.00 6/21/2018 EUR 72.14
UBS AG/London 16.40 6/28/2018 EUR 56.63
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 65.97
BNP Paribas Emissions- und Ha 14.00 9/27/2018 EUR 67.44
BNP Paribas Emissions- und Ha 6.50 9/27/2018 EUR 72.68
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 68.60
BNP Paribas Emissions- und Ha 5.00 12/31/2018 EUR 76.30
BNP Paribas Emissions- und Ha 5.50 12/31/2018 EUR 74.19
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 73.51
Commerzbank AG 4.00 7/6/2018 EUR 30.21
HSBC Trinkaus & Burkhardt AG 7.40 3/22/2019 EUR 73.61
HSBC Trinkaus & Burkhardt AG 6.00 9/28/2018 EUR 71.36
HSBC Trinkaus & Burkhardt AG 5.90 12/28/2018 EUR 72.50
HSBC Trinkaus & Burkhardt AG 6.30 3/22/2019 EUR 71.96
Commerzbank AG 10.50 1/25/2019 EUR 71.62
Commerzbank AG 11.50 1/25/2019 EUR 70.46
Commerzbank AG 12.50 1/25/2019 EUR 69.29
Commerzbank AG 6.50 1/25/2019 EUR 74.19
Commerzbank AG 7.50 1/25/2019 EUR 73.16
Commerzbank AG 8.50 1/25/2019 EUR 72.30
Commerzbank AG 11.50 1/25/2019 EUR 75.99
Raiffeisen Schweiz Genossensc 5.40 8/2/2019 CHF 76.84
DZ Bank AG Deutsche Zentral-G 4.75 9/24/2018 EUR 62.74
DZ Bank AG Deutsche Zentral-G 5.50 9/24/2018 EUR 60.16
DZ Bank AG Deutsche Zentral-G 8.00 9/24/2018 EUR 63.73
DZ Bank AG Deutsche Zentral-G 7.25 12/24/2018 EUR 65.15
DZ Bank AG Deutsche Zentral-G 8.25 3/18/2019 EUR 64.68
DZ Bank AG Deutsche Zentral-G 9.50 9/24/2018 EUR 68.46
Credit Suisse AG/Nassau 7.50 7/29/2019 CHF 48.42
UniCredit Bank AG 10.60 6/22/2018 EUR 74.34
UniCredit Bank AG 14.80 6/28/2019 EUR 65.81
UniCredit Bank AG 13.90 9/28/2018 EUR 72.71
UniCredit Bank AG 14.50 6/28/2019 EUR 74.13
UniCredit Bank AG 12.20 6/28/2019 EUR 73.68
UniCredit Bank AG 11.40 3/22/2019 EUR 73.77
UniCredit Bank AG 14.70 1/3/2020 EUR 70.15
UniCredit Bank AG 12.30 3/22/2019 EUR 68.87
UniCredit Bank AG 13.60 3/22/2019 EUR 74.14
UniCredit Bank AG 12.40 1/3/2020 EUR 69.28
Commerzbank AG 8.00 11/6/2020 USD 3.32
HSBC Trinkaus & Burkhardt AG 1.00 12/28/2018 EUR 74.03
Vontobel Financial Products G 12.95 9/21/2018 EUR 74.60
EFG International Finance Gue 12.00 11/15/2018 CHF 65.38
Vontobel Financial Products G 12.70 9/14/2018 EUR 60.84
Leonteq Securities AG/Guernse 11.00 4/12/2019 EUR 59.98
UniCredit Bank AG 13.80 9/28/2018 EUR 60.42
Vontobel Financial Products G 9.50 1/2/2019 EUR 63.14
Societe Generale SA 14.88 11/29/2019 USD 51.09
Goldman Sachs & Co Wertpapier 16.00 6/20/2018 EUR 74.00
Goldman Sachs & Co Wertpapier 17.00 6/20/2018 EUR 51.12
Goldman Sachs & Co Wertpapier 22.00 6/20/2018 EUR 70.21
Goldman Sachs & Co Wertpapier 20.00 7/25/2018 EUR 72.05
BNP Paribas Emissions- und Ha 7.50 3/21/2019 EUR 69.15
Commerzbank AG 10.50 7/27/2018 EUR 39.15
Commerzbank AG 3.75 8/24/2018 EUR 49.30
Commerzbank AG 9.75 8/24/2018 EUR 39.95
Commerzbank AG 4.75 9/28/2018 EUR 46.11
Commerzbank AG 8.50 10/26/2018 EUR 41.48
Commerzbank AG 4.50 7/27/2018 EUR 47.12
Vontobel Financial Products G 9.00 6/22/2018 EUR 67.47
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 72.36
BNP Paribas Emissions- und Ha 13.00 3/21/2019 EUR 73.60
Commerzbank AG 6.50 6/22/2018 EUR 67.66
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 71.48
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 72.23
Commerzbank AG 14.00 8/24/2018 EUR 67.64
Commerzbank AG 3.00 9/28/2018 EUR 55.32
DZ Bank AG Deutsche Zentral-G 9.00 6/22/2018 EUR 70.20
Vontobel Financial Products G 4.85 9/14/2018 EUR 72.65
Vontobel Financial Products G 6.45 9/14/2018 EUR 69.87
Deutsche Bank AG 5.20 11/21/2018 EUR 76.40
Deutsche Bank AG 5.20 10/24/2018 EUR 65.10
Deutsche Bank AG 5.20 11/21/2018 EUR 70.60
Deutsche Bank AG 5.20 6/25/2019 EUR 68.40
Raiffeisen Centrobank AG 8.39 12/27/2019 EUR 71.69
Raiffeisen Centrobank AG 8.01 6/25/2019 EUR 70.78
Raiffeisen Centrobank AG 10.59 12/28/2018 EUR 69.03
Commerzbank AG 7.25 6/21/2018 EUR 54.60
Commerzbank AG 13.25 6/21/2018 EUR 45.04
Commerzbank AG 12.00 6/21/2018 EUR 63.16
Commerzbank AG 8.25 6/21/2018 EUR 72.49
Deutsche Bank AG 4.20 11/21/2018 EUR 70.20
Vontobel Financial Products G 11.55 9/28/2018 EUR 74.39
Vontobel Financial Products G 10.30 9/14/2018 EUR 55.29
Vontobel Financial Products G 8.60 9/14/2018 EUR 54.82
Vontobel Financial Products G 13.50 1/2/2019 EUR 73.36
Vontobel Financial Products G 17.00 1/2/2019 EUR 71.12
Vontobel Financial Products G 16.55 9/28/2018 EUR 71.03
Vontobel Financial Products G 13.00 6/28/2019 EUR 74.27
UBS AG/London 6.50 1/7/2019 CHF 55.30
DZ Bank AG Deutsche Zentral-G 6.75 3/18/2019 EUR 67.18
HSBC Trinkaus & Burkhardt AG 7.50 3/22/2019 EUR 71.96
HSBC Trinkaus & Burkhardt AG 5.60 3/22/2019 EUR 73.98
Deutsche Bank AG 5.20 6/19/2018 EUR 63.50
Deutsche Bank AG 5.20 7/25/2018 EUR 68.50
Vontobel Financial Products G 10.05 9/28/2018 EUR 68.28
Vontobel Financial Products G 12.00 9/28/2018 EUR 66.72
Vontobel Financial Products G 16.00 9/28/2018 EUR 64.01
Vontobel Financial Products G 9.00 6/28/2019 EUR 71.00
Deutsche Bank AG 5.20 7/25/2018 EUR 64.00
Bank Julius Baer & Co Ltd/Gue 5.80 7/13/2018 USD 66.40
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 74.10
Landesbank Hessen-Thueringen 2.25 7/13/2020 EUR 70.60
Landesbank Baden-Wuerttemberg 5.00 11/23/2018 EUR 62.94
DZ Bank AG Deutsche Zentral-G 12.00 6/18/2018 EUR 66.14
DZ Bank AG Deutsche Zentral-G 7.80 9/24/2018 EUR 70.18
DZ Bank AG Deutsche Zentral-G 9.20 9/24/2018 EUR 68.46
DZ Bank AG Deutsche Zentral-G 7.60 12/24/2018 EUR 71.70
DZ Bank AG Deutsche Zentral-G 8.60 12/24/2018 EUR 70.19
DZ Bank AG Deutsche Zentral-G 7.60 3/18/2019 EUR 71.11
DZ Bank AG Deutsche Zentral-G 8.25 6/18/2018 EUR 71.64
DZ Bank AG Deutsche Zentral-G 5.00 9/24/2018 EUR 60.01
DZ Bank AG Deutsche Zentral-G 5.75 9/24/2018 EUR 65.13
DZ Bank AG Deutsche Zentral-G 8.25 12/24/2018 EUR 60.16
DekaBank Deutsche Girozentral 3.00 6/27/2018 EUR 33.89
BNP Paribas Emissions- und Ha 7.40 7/26/2018 EUR 59.11
Bank Julius Baer & Co Ltd/Gue 8.00 11/14/2018 EUR 72.45
Deutsche Bank AG 6.20 1/23/2019 EUR 74.30
DZ Bank AG Deutsche Zentral-G 8.25 6/18/2018 EUR 63.51
HSBC Trinkaus & Burkhardt AG 12.20 9/28/2018 EUR 43.68
HSBC Trinkaus & Burkhardt AG 6.70 9/28/2018 EUR 73.25
Commerzbank AG 4.50 12/29/2022 USD
Deutsche Bank AG 5.20 10/24/2018 EUR 75.40
Deutsche Bank AG 5.20 10/24/2018 EUR 69.60
Deutsche Bank AG 5.20 11/21/2018 EUR 66.30
Deutsche Bank AG 5.20 6/19/2018 EUR 68.00
Deutsche Bank AG 5.20 3/19/2019 EUR 67.90
Deutsche Bank AG 5.20 9/25/2018 EUR 64.80
Deutsche Bank AG 5.20 12/27/2018 EUR 70.30
Deutsche Bank AG 5.20 12/27/2018 EUR 65.90
Raiffeisen Centrobank AG 9.94 12/27/2019 EUR 71.66
Raiffeisen Centrobank AG 10.17 6/25/2019 EUR 70.44
Raiffeisen Centrobank AG 6.03 12/27/2019 EUR 69.81
Raiffeisen Centrobank AG 6.85 12/27/2019 EUR 72.04
Commerzbank AG 9.25 6/21/2018 EUR 50.62
Commerzbank AG 11.00 6/21/2018 EUR 64.95
Deutsche Bank AG 4.20 3/19/2019 EUR 71.30
Vontobel Financial Products G 12.70 6/8/2018 EUR 70.32
Vontobel Financial Products G 10.35 9/14/2018 EUR 72.45
Vontobel Financial Products G 9.55 9/28/2018 EUR 76.53
Vontobel Financial Products G 14.00 9/28/2018 EUR 72.62
Vontobel Financial Products G 6.75 9/14/2018 EUR 54.31
Vontobel Financial Products G 7.70 9/14/2018 EUR 56.69
Vontobel Financial Products G 10.00 1/2/2019 EUR 76.18
Vontobel Financial Products G 11.50 1/2/2019 EUR 74.56
Vontobel Financial Products G 15.55 1/2/2019 EUR 72.33
Vontobel Financial Products G 10.55 6/28/2019 EUR 75.68
HSBC Trinkaus & Burkhardt AG 7.80 3/22/2019 EUR 68.24
HSBC Trinkaus & Burkhardt AG 4.00 6/28/2019 EUR 73.55
HSBC Trinkaus & Burkhardt AG 5.40 12/28/2018 EUR 73.96
HSBC Trinkaus & Burkhardt AG 8.50 9/28/2018 EUR 76.53
Deutsche Bank AG 5.20 6/19/2018 EUR 68.00
Deutsche Bank AG 5.20 7/25/2018 EUR 71.00
Deutsche Bank AG 5.20 7/25/2018 EUR 64.00
Deutsche Bank AG 5.20 9/25/2018 EUR 71.70
Deutsche Bank AG 5.20 9/25/2018 EUR 64.80
Vontobel Financial Products G 9.50 1/2/2019 EUR 70.55
Vontobel Financial Products G 12.00 1/2/2019 EUR 67.88
Vontobel Financial Products G 15.00 1/2/2019 EUR 65.95
Deutsche Bank AG 5.20 7/25/2018 EUR 68.50
Vontobel Financial Products G 11.00 6/28/2019 EUR 69.46
Deutsche Bank AG 5.20 7/25/2018 EUR 73.00
Deutsche Bank AG 5.20 7/25/2018 EUR 73.00
Vontobel Financial Products G 8.00 11/23/2018 EUR 60.82
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 42.43
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 44.24
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 46.12
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 44.62
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 69.37
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 66.19
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 64.31
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 63.08
BNP Paribas Emissions- und Ha 19.00 6/21/2018 EUR 54.76
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 62.13
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 68.19
Zurcher Kantonalbank Finance 11.00 2/1/2019 EUR 70.98
BNP Paribas Emissions- und Ha 5.00 9/27/2018 EUR 74.67
BNP Paribas Emissions- und Ha 8.50 9/27/2018 EUR 70.26
BNP Paribas Emissions- und Ha 9.50 12/31/2018 EUR 69.39
BNP Paribas Emissions- und Ha 11.00 12/31/2018 EUR 67.77
Commerzbank AG 13.50 8/24/2018 EUR 42.10
Landesbank Hessen-Thueringen 7.25 3/15/2023 EUR 67.72
DZ Bank AG Deutsche Zentral-G 5.60 6/22/2018 EUR 71.33
HSBC Trinkaus & Burkhardt AG 7.30 6/22/2018 EUR 63.59
HSBC Trinkaus & Burkhardt AG 11.00 6/22/2018 EUR 59.85
HSBC Trinkaus & Burkhardt AG 8.30 6/22/2018 EUR 59.69
HSBC Trinkaus & Burkhardt AG 7.90 12/28/2018 EUR 63.63
HSBC Trinkaus & Burkhardt AG 7.10 12/28/2018 EUR 63.17
HSBC Trinkaus & Burkhardt AG 5.60 9/28/2018 EUR 72.19
Goldman Sachs & Co Wertpapier 17.00 6/20/2018 EUR 74.95
BNP Paribas Emissions- und Ha 8.50 9/27/2018 EUR 76.24
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 72.30
BNP Paribas Emissions- und Ha 11.00 12/31/2018 EUR 74.28
Commerzbank AG 8.50 7/27/2018 EUR 40.79
Commerzbank AG 5.75 8/24/2018 EUR 44.33
Commerzbank AG 11.75 8/24/2018 EUR 38.68
Commerzbank AG 6.75 9/28/2018 EUR 42.79
Commerzbank AG 8.75 9/28/2018 EUR 40.91
Commerzbank AG 10.75 9/28/2018 EUR 39.63
Commerzbank AG 4.50 10/26/2018 EUR 47.24
Commerzbank AG 10.50 10/26/2018 EUR 40.21
Commerzbank AG 6.50 7/27/2018 EUR 43.19
BNP Paribas Emissions- und Ha 9.50 6/27/2019 EUR 76.39
Vontobel Financial Products G 7.00 6/22/2018 EUR 70.43
Vontobel Financial Products G 10.50 9/28/2018 EUR 65.68
BNP Paribas Emissions- und Ha 18.00 9/27/2018 EUR 66.06
BNP Paribas Emissions- und Ha 8.50 6/27/2019 EUR 70.47
Commerzbank AG 7.50 6/22/2018 EUR 66.08
Commerzbank AG 15.00 7/27/2018 EUR 66.51
Raiffeisen Centrobank AG 10.24 3/19/2019 EUR 72.98
DZ Bank AG Deutsche Zentral-G 7.00 6/18/2018 EUR 71.41
Vontobel Financial Products G 10.20 6/8/2018 EUR 64.67
Landesbank Baden-Wuerttemberg 4.50 9/28/2018 EUR 73.44
DZ Bank AG Deutsche Zentral-G 7.75 9/28/2018 EUR 72.94
Deutsche Bank AG 5.20 6/19/2018 EUR 63.40
Deutsche Bank AG 5.20 9/25/2018 EUR 69.20
Deutsche Bank AG 5.20 6/25/2019 EUR 72.50
Raiffeisen Centrobank AG 12.71 12/28/2018 EUR 62.59
Commerzbank AG 9.00 6/21/2018 EUR 69.17
Commerzbank AG 5.25 6/21/2018 EUR 60.18
Commerzbank AG 11.25 6/21/2018 EUR 47.55
Commerzbank AG 15.25 6/21/2018 EUR 42.82
Commerzbank AG 10.00 6/21/2018 EUR 66.94
Commerzbank AG 13.00 6/21/2018 EUR 61.55
Deutsche Bank AG 4.20 10/24/2018 EUR 69.20
Deutsche Bank AG 4.20 6/25/2019 EUR 71.40
DZ Bank AG Deutsche Zentral-G 9.75 2/20/2019 EUR 72.74
Commerzbank AG 10.75 11/23/2018 EUR 74.79
Deutsche Bank AG 5.50 6/19/2018 EUR 65.70
Deutsche Bank AG 5.50 6/19/2018 EUR 61.40
Deutsche Bank AG 5.50 12/27/2018 EUR 65.10
Vontobel Financial Products G 6.00 6/22/2018 EUR 54.01
UniCredit Bank AG 9.00 6/22/2018 EUR 70.63
UniCredit Bank AG 14.60 6/22/2018 EUR 58.66
BNP Paribas Emissions- und Ha 4.00 6/21/2018 EUR 36.11
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 36.19
Leonteq Securities AG 10.00 7/10/2018 USD 49.28
UniCredit Bank AG 4.00 6/22/2018 EUR 74.67
UniCredit Bank AG 10.80 6/22/2018 EUR 61.35
UniCredit Bank AG 7.90 6/22/2018 EUR 65.31
UniCredit Bank AG 10.70 6/22/2018 EUR 65.86
Commerzbank AG 12.50 1/2/2019 EUR 74.40
UniCredit Bank AG 13.60 6/22/2018 EUR 59.90
Deutsche Bank AG 6.20 7/25/2018 EUR 66.30
Deutsche Bank AG 6.20 7/25/2018 EUR 62.10
Deutsche Bank AG 6.20 8/22/2018 EUR 66.70
Deutsche Bank AG 6.20 8/22/2018 EUR 64.60
Deutsche Bank AG 6.20 10/24/2018 EUR 65.60
Vontobel Financial Products G 5.75 3/8/2019 EUR 64.65
UniCredit Bank AG 14.20 6/22/2018 EUR 76.25
Vontobel Financial Products G 10.65 12/14/2018 EUR 71.03
DZ Bank AG Deutsche Zentral-G 9.90 6/22/2018 EUR 69.52
DZ Bank AG Deutsche Zentral-G 5.00 6/22/2018 EUR 71.28
DZ Bank AG Deutsche Zentral-G 5.25 6/22/2018 EUR 65.53
Vontobel Financial Products G 13.00 6/22/2018 EUR 56.51
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 66.59
DZ Bank AG Deutsche Zentral-G 5.20 6/22/2018 EUR 72.77
DZ Bank AG Deutsche Zentral-G 5.30 6/22/2018 EUR 69.06
DZ Bank AG Deutsche Zentral-G 9.50 6/22/2018 EUR 61.50
Zurcher Kantonalbank Finance 6.75 8/20/2018 USD 48.97
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 74.66
DZ Bank AG Deutsche Zentral-G 5.00 6/18/2018 EUR 68.81
Commerzbank AG 16.00 8/24/2018 EUR 72.23
Goldman Sachs & Co Wertpapier 17.00 9/26/2018 EUR 73.99
BNP Paribas Emissions- und Ha 17.00 6/21/2018 EUR 69.04
Commerzbank AG 12.50 7/27/2018 EUR 37.88
Commerzbank AG 7.75 8/24/2018 EUR 41.66
Commerzbank AG 6.50 10/26/2018 EUR 43.47
Vontobel Financial Products G 7.50 9/28/2018 EUR 70.43
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 68.28
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 69.91
BNP Paribas Emissions- und Ha 6.00 6/27/2019 EUR 72.73
DZ Bank AG Deutsche Zentral-G 11.00 6/22/2018 EUR 63.15
BNP Paribas Emissions- und Ha 11.00 9/27/2018 EUR 67.41
BNP Paribas Emissions- und Ha 9.50 12/31/2018 EUR 69.03
BNP Paribas Emissions- und Ha 9.00 3/21/2019 EUR 65.31
BNP Paribas Emissions- und Ha 14.00 3/21/2019 EUR 61.12
Commerzbank AG 13.00 9/28/2018 EUR 68.98
Commerzbank AG 12.25 1/2/2019 EUR 71.16
Leonteq Securities AG/Guernse 12.00 4/30/2019 EUR 71.87
UBS AG/London 6.00 11/8/2018 EUR 71.50
Vontobel Financial Products G 10.50 7/27/2018 EUR 57.93
Zurcher Kantonalbank Finance 5.00 7/11/2018 CHF 67.57
Vontobel Financial Products G 7.90 6/8/2018 EUR 67.46
Commerzbank AG 6.00 10/26/2018 EUR 69.99
EFG International Finance Gue 11.00 10/25/2018 CHF 45.96
Raiffeisen Centrobank AG 8.57 12/27/2019 EUR 20.56
Raiffeisen Centrobank AG 6.43 12/27/2019 EUR 16.01
Vontobel Financial Products G 13.00 1/2/2019 EUR 75.42
Vontobel Financial Products G 13.00 3/22/2019 EUR 75.85
BNP Paribas Emissions- und Ha 19.00 6/21/2018 EUR 74.41
UniCredit Bank AG 10.50 9/28/2018 EUR 73.82
UniCredit Bank AG 14.20 9/28/2018 EUR 70.53
Leonteq Securities AG/Guernse 10.40 2/13/2019 CHF 67.83
Vontobel Financial Products G 13.40 9/14/2018 EUR 71.18
Commerzbank AG 5.00 7/27/2018 EUR 52.54
Vontobel Financial Products G 13.85 9/14/2018 EUR 67.46
Vontobel Financial Products G 10.05 9/14/2018 EUR 75.66
Vontobel Financial Products G 10.50 9/28/2018 EUR 71.49
BNP Paribas Emissions- und Ha 7.00 1/24/2019 EUR 67.95
Commerzbank AG 7.00 8/24/2018 EUR 68.23
Commerzbank AG 8.00 9/28/2018 EUR 71.30
Vontobel Financial Products G 10.50 1/2/2019 EUR 64.47
Commerzbank AG 16.75 7/27/2018 EUR 73.91
Commerzbank AG 15.50 8/24/2018 EUR 74.74
Commerzbank AG 4.75 10/26/2018 EUR 73.79
Deutsche Bank AG 6.20 3/19/2019 EUR 75.90
Deutsche Bank AG 6.20 6/25/2019 EUR 76.30
Landesbank Baden-Wuerttemberg 7.00 1/25/2019 EUR 74.36
DZ Bank AG Deutsche Zentral-G 6.00 9/28/2018 EUR 68.40
DZ Bank AG Deutsche Zentral-G 5.20 3/28/2019 EUR 68.41
DZ Bank AG Deutsche Zentral-G 6.25 12/28/2018 EUR 64.98
DZ Bank AG Deutsche Zentral-G 6.40 1/2/2019 EUR 71.92
Vontobel Financial Products G 9.75 7/27/2018 EUR 62.62
Landesbank Baden-Wuerttemberg 3.30 6/22/2018 EUR 43.21
Commerzbank AG 15.25 8/24/2018 EUR 62.67
Vontobel Financial Products G 8.55 1/2/2019 EUR 66.23
UBS AG/London 10.70 1/3/2019 EUR 62.01
UBS AG/London 7.30 1/3/2019 EUR 67.18
UBS AG/London 5.00 3/28/2019 EUR 70.91
Commerzbank AG 9.50 11/23/2018 EUR 71.18
HSBC Trinkaus & Burkhardt AG 9.30 12/28/2018 EUR 71.80
HSBC Trinkaus & Burkhardt AG 12.60 1/25/2019 EUR 69.78
HSBC Trinkaus & Burkhardt AG 11.10 1/25/2019 EUR 66.38
HSBC Trinkaus & Burkhardt AG 13.10 1/25/2019 EUR 76.44
HSBC Trinkaus & Burkhardt AG 5.40 6/22/2018 EUR 73.44
HSBC Trinkaus & Burkhardt AG 7.30 12/28/2018 EUR 73.18
HSBC Trinkaus & Burkhardt AG 11.90 1/25/2019 EUR 70.04
Commerzbank AG 7.50 11/23/2018 EUR 72.22
Commerzbank AG 12.00 9/28/2018 EUR 63.37
UBS AG/London 9.30 1/3/2019 EUR 64.38
UBS AG/London 5.60 1/3/2019 EUR 70.30
UBS AG/London 13.20 1/3/2019 EUR 60.39
UBS AG/London 7.00 9/26/2019 EUR 70.47
UBS AG/London 7.60 9/27/2018 EUR 65.44
UBS AG/London 5.90 3/28/2019 EUR 67.31
UBS AG/London 7.10 3/28/2019 EUR 64.54
UBS AG/London 7.00 6/27/2019 EUR 68.85
UBS AG/London 12.20 1/3/2019 EUR 73.05
UBS AG/London 15.20 9/27/2018 EUR 70.90
UBS AG/London 9.30 9/27/2018 EUR 76.69
UBS AG/London 12.50 9/27/2018 EUR 75.00
EFG International Finance Gue 10.40 1/24/2019 EUR 72.20
HSBC Trinkaus & Burkhardt AG 8.90 1/25/2019 EUR 72.18
HSBC Trinkaus & Burkhardt AG 14.70 1/25/2019 EUR 63.67
HSBC Trinkaus & Burkhardt AG 7.00 1/25/2019 EUR 73.50
Commerzbank AG 5.75 10/26/2018 EUR 74.22
Vontobel Financial Products G 2.50 1/29/2019 EUR 66.87
Commerzbank AG 22.00 7/27/2018 EUR 61.91
Commerzbank AG 12.50 7/27/2018 EUR 61.42
Commerzbank AG 10.50 1/2/2019 EUR 65.59
Commerzbank AG 5.00 1/2/2019 EUR 69.33
Commerzbank AG 6.50 1/2/2019 EUR 72.47
Commerzbank AG 8.50 11/23/2018 EUR 69.80
DZ Bank AG Deutsche Zentral-G 5.00 3/28/2019 EUR 68.41
Landesbank Baden-Wuerttemberg 3.05 6/22/2018 EUR 47.33
Deutsche Bank AG 2.70 6/19/2018 EUR 63.30
Deutsche Bank AG 2.70 12/27/2018 EUR 64.50
Deutsche Bank AG 10.00 6/19/2018 EUR 53.20
Deutsche Bank AG 10.00 9/25/2018 EUR 55.80
Deutsche Bank AG 10.00 12/27/2018 EUR 71.90
Vontobel Financial Products G 6.55 9/28/2018 EUR 70.39
Vontobel Financial Products G 5.00 6/22/2018 EUR 70.53
Vontobel Financial Products G 8.50 6/22/2018 EUR 65.28
Credit Suisse AG/Nassau 8.25 6/7/2018 CHF 65.59
DZ Bank AG Deutsche Zentral-G 5.90 6/18/2018 EUR 66.20
DZ Bank AG Deutsche Zentral-G 7.90 9/24/2018 EUR 60.81
Vontobel Financial Products G 6.50 6/22/2018 EUR 70.41
Vontobel Financial Products G 10.55 6/22/2018 EUR 64.75
DZ Bank AG Deutsche Zentral-G 8.25 9/24/2018 EUR 59.19
DZ Bank AG Deutsche Zentral-G 5.00 9/24/2018 EUR 58.21
Vontobel Financial Products G 10.55 10/26/2018 EUR 70.30
Vontobel Financial Products G 8.00 10/26/2018 EUR 70.56
Zurcher Kantonalbank Finance 8.00 10/31/2019 CHF 58.65
Landesbank Baden-Wuerttemberg 4.50 7/27/2018 EUR 70.85
Landesbank Baden-Wuerttemberg 6.00 7/27/2018 EUR 66.39
UBS AG/London 8.50 7/19/2018 CHF 57.50
EFG International Finance Gue 12.20 8/2/2018 EUR 62.21
Zurcher Kantonalbank Finance 5.75 7/27/2018 CHF 64.18
Credit Suisse AG/London 8.25 7/26/2018 USD 54.78
Bank Julius Baer & Co Ltd/Gue 6.60 7/27/2018 USD 59.40
Vontobel Financial Products G 5.50 6/22/2018 EUR 74.39
Vontobel Financial Products G 9.50 6/22/2018 EUR 68.64
Vontobel Financial Products G 9.00 6/22/2018 EUR 69.54
Vontobel Financial Products G 8.00 6/22/2018 EUR 70.44
Vontobel Financial Products G 7.55 6/22/2018 EUR 71.39
Vontobel Financial Products G 6.50 6/22/2018 EUR 72.34
Vontobel Financial Products G 6.00 6/22/2018 EUR 73.35
HSBC Trinkaus & Burkhardt AG 11.90 6/22/2018 EUR 61.88
HSBC Trinkaus & Burkhardt AG 10.10 6/22/2018 EUR 66.01
HSBC Trinkaus & Burkhardt AG 8.70 9/28/2018 EUR 70.53
Leonteq Securities AG 10.40 11/22/2019 EUR 68.39
Landesbank Hessen-Thueringen 5.00 6/12/2018 EUR 61.60
UniCredit Bank AG 14.40 6/22/2018 EUR 72.71
UniCredit Bank AG 8.10 6/22/2018 EUR 66.17
UniCredit Bank AG 6.40 6/22/2018 EUR 69.68
UniCredit Bank AG 14.90 6/22/2018 EUR 71.19
UniCredit Bank AG 14.10 6/22/2018 EUR 66.28
UniCredit Bank AG 13.30 6/22/2018 EUR 73.77
UniCredit Bank AG 10.50 6/22/2018 EUR 45.96
UniCredit Bank AG 9.50 6/22/2018 EUR 61.03
UniCredit Bank AG 5.90 6/22/2018 EUR 67.38
UniCredit Bank AG 13.80 6/22/2018 EUR 55.91
BNP Paribas Emissions- und Ha 19.00 6/21/2018 EUR 76.84
UniCredit Bank AG 13.30 6/22/2018 EUR 74.69
UniCredit Bank AG 9.10 6/22/2018 EUR 62.58
UniCredit Bank AG 7.20 6/22/2018 EUR 67.88
UniCredit Bank AG 14.30 6/22/2018 EUR 57.63
UniCredit Bank AG 14.40 6/22/2018 EUR 68.45
UniCredit Bank AG 6.70 6/22/2018 EUR 69.21
UniCredit Bank AG 14.50 6/22/2018 EUR 53.37
UniCredit Bank AG 7.50 6/22/2018 EUR 51.67
UniCredit Bank AG 9.00 6/22/2018 EUR 48.64
UniCredit Bank AG 5.60 6/22/2018 EUR 71.99
UniCredit Bank AG 14.90 6/22/2018 EUR 68.71
UniCredit Bank AG 14.10 6/22/2018 EUR 68.12
UniCredit Bank AG 10.70 6/22/2018 EUR 70.38
HSBC Trinkaus & Burkhardt AG 10.85 6/22/2018 EUR 56.42
HSBC Trinkaus & Burkhardt AG 11.10 9/28/2018 EUR 44.33
HSBC Trinkaus & Burkhardt AG 6.70 9/28/2018 EUR 53.24
Vontobel Financial Products G 10.00 3/22/2019 EUR 70.81
Vontobel Financial Products G 11.50 3/22/2019 EUR 72.03
Vontobel Financial Products G 8.50 6/22/2018 EUR 73.89
Commerzbank AG 16.00 7/27/2018 EUR 61.18
Vontobel Financial Products G 6.50 1/2/2019 EUR 75.69
Vontobel Financial Products G 8.50 1/2/2019 EUR 63.90
DZ Bank AG Deutsche Zentral-G 5.00 1/25/2019 EUR 72.03
DekaBank Deutsche Girozentral 6.70 1/31/2019 EUR 66.94
UBS AG/London 9.40 3/28/2019 EUR 63.10
UBS AG/London 10.40 9/27/2018 EUR 62.45
UniCredit Bank AG 13.20 6/28/2019 EUR 16.16
Vontobel Financial Products G 10.55 9/28/2018 EUR 55.88
Vontobel Financial Products G 8.50 1/2/2019 EUR 60.53
DZ Bank AG Deutsche Zentral-G 8.00 6/22/2018 EUR 54.04
Vontobel Financial Products G 9.00 9/28/2018 EUR 44.58
Vontobel Financial Products G 10.00 1/2/2019 EUR 70.84
Vontobel Financial Products G 2.50 1/2/2019 EUR 57.88
Vontobel Financial Products G 6.00 1/2/2019 EUR 48.78
Vontobel Financial Products G 9.55 1/2/2019 EUR 45.17
DZ Bank AG Deutsche Zentral-G 8.25 9/26/2018 EUR 71.08
Vontobel Financial Products G 10.50 6/22/2018 EUR 73.96
Deutsche Bank AG 2.70 6/19/2018 EUR 67.80
Deutsche Bank AG 2.70 9/25/2018 EUR 60.10
Deutsche Bank AG 10.00 12/27/2018 EUR 58.30
Vontobel Financial Products G 8.50 9/28/2018 EUR 67.50
Vontobel Financial Products G 5.00 9/28/2018 EUR 73.78
Vontobel Financial Products G 6.00 9/28/2018 EUR 72.10
Vontobel Financial Products G 4.00 6/22/2018 EUR 72.50
DZ Bank AG Deutsche Zentral-G 7.10 6/18/2018 EUR 62.45
DZ Bank AG Deutsche Zentral-G 5.00 9/24/2018 EUR 67.46
DZ Bank AG Deutsche Zentral-G 7.00 6/18/2018 EUR 56.94
Vontobel Financial Products G 14.00 9/28/2018 EUR 75.76
DZ Bank AG Deutsche Zentral-G 6.75 1/2/2019 EUR 69.53
Commerzbank AG 14.50 9/28/2018 EUR 76.06
DZ Bank AG Deutsche Zentral-G 8.60 6/22/2018 EUR 56.95
DZ Bank AG Deutsche Zentral-G 6.40 6/22/2018 EUR 68.93
UniCredit Bank AG 14.50 9/28/2018 EUR 58.49
UniCredit Bank AG 14.90 1/4/2019 EUR 65.30
UniCredit Bank AG 14.90 1/4/2019 EUR 72.65
UniCredit Bank AG 8.30 1/3/2020 EUR 72.61
UniCredit Bank AG 10.40 6/28/2019 EUR 66.86
UniCredit Bank AG 11.00 1/3/2020 EUR 73.20
UniCredit Bank AG 12.40 1/3/2020 EUR 72.95
UniCredit Bank AG 13.70 1/3/2020 EUR 65.29
UniCredit Bank AG 12.20 1/3/2020 EUR 72.54
UniCredit Bank AG 4.30 1/3/2020 EUR 61.42
UniCredit Bank AG 6.50 6/28/2019 EUR 75.52
UniCredit Bank AG 13.30 6/28/2019 EUR 70.69
UniCredit Bank AG 11.60 1/3/2020 EUR 70.27
UniCredit Bank AG 8.70 6/28/2019 EUR 73.58
UniCredit Bank AG 13.10 6/28/2019 EUR 71.31
Commerzbank AG 10.25 11/23/2018 EUR 76.99
Vontobel Financial Products G 12.00 6/22/2018 EUR 53.24
Vontobel Financial Products G 14.00 9/28/2018 EUR 51.72
Vontobel Financial Products G 7.00 1/2/2019 EUR 63.12
Vontobel Financial Products G 11.50 1/2/2019 EUR 56.41
Vontobel Financial Products G 12.00 6/22/2018 EUR 72.05
Vontobel Financial Products G 7.50 6/22/2018 EUR 57.92
Vontobel Financial Products G 10.50 6/22/2018 EUR 57.46
UniCredit Bank AG 6.80 1/3/2020 EUR 75.64
UniCredit Bank AG 9.90 1/3/2020 EUR 53.44
UniCredit Bank AG 15.00 6/28/2019 EUR 70.44
Zurcher Kantonalbank Finance 8.21 8/23/2018 EUR 55.56
Vontobel Financial Products G 14.00 6/22/2018 EUR 50.55
Vontobel Financial Products G 6.05 9/28/2018 EUR 64.85
Vontobel Financial Products G 9.00 9/28/2018 EUR 58.44
Vontobel Financial Products G 12.50 9/28/2018 EUR 53.74
Vontobel Financial Products G 5.00 1/2/2019 EUR 70.19
Vontobel Financial Products G 12.55 1/2/2019 EUR 54.52
DZ Bank AG Deutsche Zentral-G 7.25 6/18/2018 EUR 72.85
Vontobel Financial Products G 11.00 9/28/2018 EUR 43.11
Vontobel Financial Products G 12.50 1/2/2019 EUR 68.17
Vontobel Financial Products G 3.00 1/2/2019 EUR 54.52
Vontobel Financial Products G 4.00 1/2/2019 EUR 51.85
Vontobel Financial Products G 8.00 1/2/2019 EUR 46.36
DZ Bank AG Deutsche Zentral-G 8.25 6/22/2018 EUR 68.91
Deutsche Bank AG 2.70 9/25/2018 EUR 64.00
Deutsche Bank AG 2.70 12/27/2018 EUR 68.80
Deutsche Bank AG 10.00 6/19/2018 EUR 74.00
Deutsche Bank AG 10.00 9/25/2018 EUR 69.50
DZ Bank AG Deutsche Zentral-G 8.25 6/22/2018 EUR 70.82
DZ Bank AG Deutsche Zentral-G 9.00 6/18/2018 EUR 74.12
UBS AG/London 8.30 6/22/2018 EUR 33.61
UBS AG/London 7.70 6/22/2018 EUR 67.41
UBS AG/London 8.00 6/22/2018 EUR 67.08
UBS AG/London 9.10 6/22/2018 EUR 74.95
Goldman Sachs & Co Wertpapier 7.00 3/20/2019 EUR 71.48
Goldman Sachs & Co Wertpapier 16.00 9/26/2018 EUR 71.16
Raiffeisen Schweiz Genossensc 11.00 6/20/2018 CHF 60.17
Landesbank Hessen-Thueringen 3.30 7/13/2018 EUR 72.50
Vontobel Financial Products G 14.00 6/22/2018 EUR 56.56
Vontobel Financial Products G 8.00 6/22/2018 EUR 71.21
Vontobel Financial Products G 9.50 6/22/2018 EUR 66.87
Vontobel Financial Products G 11.00 6/22/2018 EUR 63.04
Vontobel Financial Products G 12.50 6/22/2018 EUR 59.59
UBS AG 4.75 3/11/2019 USD 25.08
Vontobel Financial Products G 13.50 6/22/2018 EUR 59.36
DZ Bank AG Deutsche Zentral-G 6.25 6/18/2018 EUR 72.36
DZ Bank AG Deutsche Zentral-G 5.50 6/18/2018 EUR 63.27
Landesbank Baden-Wuerttemberg 4.00 6/28/2019 EUR 71.09
HSBC Trinkaus & Burkhardt AG 5.40 6/28/2019 EUR 69.33
HSBC Trinkaus & Burkhardt AG 4.10 6/22/2018 EUR 43.25
HSBC Trinkaus & Burkhardt AG 5.60 7/27/2018 EUR 68.67
HSBC Trinkaus & Burkhardt AG 5.80 10/26/2018 EUR 69.99
HSBC Trinkaus & Burkhardt AG 9.80 6/22/2018 EUR 47.32
HSBC Trinkaus & Burkhardt AG 5.40 6/22/2018 EUR 53.32
Raiffeisen Schweiz Genossensc 7.78 8/31/2018 USD 58.96
HSBC Trinkaus & Burkhardt AG 3.20 6/22/2018 EUR 65.74
Goldman Sachs & Co Wertpapier 16.00 6/20/2018 EUR 74.91
Goldman Sachs & Co Wertpapier 19.00 7/25/2018 EUR 71.91
DZ Bank AG Deutsche Zentral-G 4.75 9/24/2018 EUR 57.11
DZ Bank AG Deutsche Zentral-G 8.25 12/24/2018 EUR 62.95
DZ Bank AG Deutsche Zentral-G 10.75 6/22/2018 EUR 63.65
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 63.77
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 74.88
BNP Paribas Emissions- und Ha 5.50 6/21/2018 EUR 68.17
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 62.91
BNP Paribas Emissions- und Ha 4.50 6/21/2018 EUR 70.48
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 63.60
BNP Paribas Emissions- und Ha 5.50 12/31/2018 EUR 69.58
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 38.74
DZ Bank AG Deutsche Zentral-G 10.75 3/20/2019 EUR 75.53
DZ Bank AG Deutsche Zentral-G 7.75 9/26/2018 EUR 70.85
DZ Bank AG Deutsche Zentral-G 8.50 12/28/2018 EUR 70.36
Goldman Sachs & Co Wertpapier 13.00 1/23/2019 EUR 76.03
Goldman Sachs & Co Wertpapier 19.00 3/20/2019 EUR 74.37
Goldman Sachs & Co Wertpapier 16.00 10/24/2018 EUR 74.34
Goldman Sachs & Co Wertpapier 15.00 11/21/2018 EUR 74.84
Goldman Sachs & Co Wertpapier 23.00 11/21/2018 EUR 71.90
Vontobel Financial Products G 10.50 6/22/2018 EUR 69.71
Goldman Sachs & Co Wertpapier 7.00 2/20/2019 EUR 73.44
Goldman Sachs & Co Wertpapier 7.00 3/20/2019 EUR 73.90
Goldman Sachs & Co Wertpapier 7.00 6/26/2019 EUR 74.34
Goldman Sachs & Co Wertpapier 7.00 10/24/2018 EUR 71.62
Goldman Sachs & Co Wertpapier 7.00 11/21/2018 EUR 72.00
Goldman Sachs & Co Wertpapier 7.00 12/28/2018 EUR 72.55
HSBC Trinkaus & Burkhardt AG 11.80 6/22/2018 EUR 42.46
HSBC Trinkaus & Burkhardt AG 6.30 6/22/2018 EUR 53.35
HSBC Trinkaus & Burkhardt AG 9.80 6/22/2018 EUR 68.34
HSBC Trinkaus & Burkhardt AG 7.60 6/22/2018 EUR 65.40
Raiffeisen Schweiz Genossensc 6.00 11/5/2018 CHF 58.69
Raiffeisen Schweiz Genossensc 6.00 5/9/2019 CHF 69.36
Vontobel Financial Products G 6.50 6/22/2018 EUR 74.16
Vontobel Financial Products G 10.05 6/8/2018 EUR 57.45
Vontobel Financial Products G 12.10 6/8/2018 EUR 54.17
Vontobel Financial Products G 14.20 6/8/2018 EUR 62.11
UniCredit Bank AG 14.30 6/22/2018 EUR 55.36
Vontobel Financial Products G 10.55 7/27/2018 EUR 63.56
Vontobel Financial Products G 6.00 1/18/2019 EUR 60.71
Societe Generale SA 8.60 7/29/2022 USD 54.00
BNP Paribas Emissions- und Ha 18.00 6/21/2018 EUR 38.88
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 45.88
Landesbank Baden-Wuerttemberg 4.55 11/23/2018 EUR 73.11
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 65.38
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 62.09
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 70.81
BNP Paribas Emissions- und Ha 6.50 12/31/2018 EUR 68.86
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 67.04
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 73.14
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 73.07
Leonteq Securities AG/Guernse 18.00 2/4/2019 CHF 58.52
HSBC Trinkaus & Burkhardt AG 4.50 12/28/2018 EUR 64.14
HSBC Trinkaus & Burkhardt AG 5.00 6/22/2018 EUR 60.86
UBS AG/London 8.00 7/26/2018 CHF 59.35
BNP Paribas Emissions- und Ha 8.00 9/27/2018 EUR 65.69
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 70.60
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 70.79
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 68.25
BNP Paribas Emissions- und Ha 13.00 12/31/2018 EUR 47.47
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 68.11
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 66.04
BNP Paribas Emissions- und Ha 14.00 6/21/2018 EUR 60.04
BNP Paribas Emissions- und Ha 6.00 9/27/2018 EUR 71.08
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 67.99
Vontobel Financial Products G 9.50 9/28/2018 EUR 63.90
Vontobel Financial Products G 11.50 9/28/2018 EUR 60.88
Vontobel Financial Products G 9.50 6/22/2018 EUR 63.67
Vontobel Financial Products G 10.50 6/22/2018 EUR 61.68
Vontobel Financial Products G 7.00 7/27/2018 EUR 68.67
Vontobel Financial Products G 11.50 7/27/2018 EUR 60.91
Vontobel Financial Products G 7.50 6/22/2018 EUR 68.10
Vontobel Financial Products G 14.00 7/27/2018 EUR 57.78
Vontobel Financial Products G 13.00 1/2/2019 EUR 59.97
Vontobel Financial Products G 8.00 1/2/2019 EUR 67.57
Vontobel Financial Products G 11.00 1/2/2019 EUR 61.97
Vontobel Financial Products G 8.00 8/24/2018 EUR 62.83
Commerzbank AG 7.75 7/27/2018 EUR 69.71
Commerzbank AG 8.75 7/27/2018 EUR 67.41
Commerzbank AG 9.75 7/27/2018 EUR 65.46
Commerzbank AG 10.75 7/27/2018 EUR 63.71
Commerzbank AG 11.75 7/27/2018 EUR 62.18
Commerzbank AG 5.75 7/27/2018 EUR 58.43
Commerzbank AG 7.75 7/27/2018 EUR 52.48
Commerzbank AG 9.75 7/27/2018 EUR 48.63
Commerzbank AG 11.75 7/27/2018 EUR 45.85
Commerzbank AG 13.75 7/27/2018 EUR 43.61
Vontobel Financial Products G 9.50 7/27/2018 EUR 59.83
Credit Suisse AG/London 7.00 11/8/2018 USD 56.56
Vontobel Financial Products G 15.15 6/15/2018 EUR 53.09
Landesbank Hessen-Thueringen 4.25 7/9/2019 EUR 69.90
Vontobel Financial Products G 6.50 1/2/2019 EUR 75.63
HSBC Trinkaus & Burkhardt AG 10.60 6/22/2018 EUR 44.73
HSBC Trinkaus & Burkhardt AG 5.40 9/28/2018 EUR 53.03
HSBC Trinkaus & Burkhardt AG 9.90 12/28/2018 EUR 64.65
HSBC Trinkaus & Burkhardt AG 7.70 12/28/2018 EUR 67.52
HSBC Trinkaus & Burkhardt AG 5.80 3/22/2019 EUR 71.74
HSBC Trinkaus & Burkhardt AG 5.60 8/24/2018 EUR 69.08
HSBC Trinkaus & Burkhardt AG 5.80 11/23/2018 EUR 70.35
Vontobel Financial Products G 15.45 9/14/2018 EUR 75.06
Vontobel Financial Products G 14.90 12/14/2018 EUR 75.81
Vontobel Financial Products G 9.40 12/14/2018 EUR 63.99
Vontobel Financial Products G 10.70 12/14/2018 EUR 62.91
Vontobel Financial Products G 12.00 12/14/2018 EUR 61.92
Vontobel Financial Products G 9.50 11/23/2018 EUR 45.59
Vontobel Financial Products G 7.00 11/23/2018 EUR 66.42
Deutsche Bank AG 4.20 6/18/2018 EUR 73.79
Deutsche Bank AG 4.20 6/18/2018 EUR 73.79
Deutsche Bank AG 4.20 9/24/2018 EUR 74.66
Deutsche Bank AG 4.20 9/24/2018 EUR 74.66
Deutsche Bank AG 4.20 12/24/2018 EUR 75.15
Deutsche Bank AG 4.20 12/24/2018 EUR 75.15
Deutsche Bank AG 4.20 3/18/2019 EUR 75.49
Deutsche Bank AG 4.20 3/18/2019 EUR 75.47
Deutsche Bank AG 4.20 6/24/2019 EUR 75.10
Deutsche Bank AG 4.20 6/24/2019 EUR 75.10
Bank Julius Baer & Co Ltd/Gue 8.55 12/12/2018 CHF 48.85
Zurcher Kantonalbank Finance 3.00 12/12/2018 CHF 48.83
Deutsche Bank AG 6.20 6/18/2018 EUR 73.87
Deutsche Bank AG 6.20 6/18/2018 EUR 73.87
Deutsche Bank AG 6.20 9/24/2018 EUR 75.29
Deutsche Bank AG 6.20 9/24/2018 EUR 75.29
Deutsche Bank AG 6.20 12/24/2018 EUR 76.29
Deutsche Bank AG 6.20 12/24/2018 EUR 76.30
DZ Bank AG Deutsche Zentral-G 8.25 1/2/2019 EUR 65.01
DZ Bank AG Deutsche Zentral-G 11.25 1/2/2019 EUR 62.08
Vontobel Financial Products G 10.80 9/21/2018 EUR 66.75
DZ Bank AG Deutsche Zentral-G 10.50 1/2/2019 EUR 72.57
Vontobel Financial Products G 4.30 9/21/2018 EUR 53.70
Vontobel Financial Products G 4.10 12/14/2018 EUR 62.96
Vontobel Financial Products G 5.20 12/14/2018 EUR 55.07
Vontobel Financial Products G 6.40 12/14/2018 EUR 55.70
Vontobel Financial Products G 7.60 12/14/2018 EUR 56.34
Vontobel Financial Products G 8.80 12/14/2018 EUR 56.97
Vontobel Financial Products G 10.30 12/14/2018 EUR 68.71
Vontobel Financial Products G 11.85 12/14/2018 EUR 69.55
Vontobel Financial Products G 13.20 12/14/2018 EUR 70.28
Vontobel Financial Products G 8.25 9/28/2018 EUR 69.31
Landesbank Baden-Wuerttemberg 12.40 11/23/2018 EUR 46.55
Landesbank Baden-Wuerttemberg 5.00 6/22/2018 EUR 70.41
Landesbank Baden-Wuerttemberg 8.00 6/22/2018 EUR 65.96
Commerzbank AG 11.25 6/22/2018 EUR 70.46
UBS AG/London 5.20 1/3/2019 EUR 70.31
UBS AG/London 4.80 3/28/2019 EUR 70.50
UBS AG/London 19.00 1/3/2019 EUR 58.71
UBS AG/London 6.00 3/28/2019 EUR 67.58
UBS AG/London 5.60 6/27/2019 EUR 71.32
UBS AG/London 13.10 1/3/2019 EUR 60.19
UBS AG/London 5.00 9/27/2018 EUR 68.79
UBS AG/London 8.40 1/3/2019 EUR 64.06
UBS AG/London 7.00 1/3/2019 EUR 66.85
EFG International Finance Gue 11.00 12/20/2018 EUR 67.49
Bank Julius Baer & Co Ltd/Gue 10.20 2/19/2019 USD 66.95
Vontobel Financial Products G 7.50 6/22/2018 EUR 73.70
HSBC Trinkaus & Burkhardt AG 5.60 12/28/2018 EUR 69.37
HSBC Trinkaus & Burkhardt AG 3.60 12/28/2018 EUR 65.01
Commerzbank AG 14.00 6/22/2018 EUR 59.87
Vontobel Financial Products G 7.00 1/2/2019 EUR 62.38
Goldman Sachs & Co Wertpapier 21.00 6/20/2018 EUR 70.17
DZ Bank AG Deutsche Zentral-G 7.75 6/18/2018 EUR 55.95
HSBC Trinkaus & Burkhardt AG 7.00 12/28/2018 EUR 61.56
DZ Bank AG Deutsche Zentral-G 9.20 6/18/2018 EUR 61.67
DZ Bank AG Deutsche Zentral-G 6.40 9/24/2018 EUR 65.26
DZ Bank AG Deutsche Zentral-G 6.00 12/24/2018 EUR 66.47
DZ Bank AG Deutsche Zentral-G 6.80 12/24/2018 EUR 64.98
DZ Bank AG Deutsche Zentral-G 4.60 3/18/2019 EUR 66.54
DZ Bank AG Deutsche Zentral-G 5.00 3/18/2019 EUR 64.96
DZ Bank AG Deutsche Zentral-G 9.75 6/22/2018 EUR 68.53
DZ Bank AG Deutsche Zentral-G 8.25 1/2/2019 EUR 78.16
DZ Bank AG Deutsche Zentral-G 7.25 6/22/2018 EUR 57.98
DZ Bank AG Deutsche Zentral-G 10.50 6/22/2018 EUR 53.40
DZ Bank AG Deutsche Zentral-G 6.25 9/28/2018 EUR 54.88
DZ Bank AG Deutsche Zentral-G 8.75 1/2/2019 EUR 50.98
DekaBank Deutsche Girozentral 4.05 5/17/2019 EUR 74.66
Leonteq Securities AG 7.20 5/2/2019 CHF 55.31
Leonteq Securities AG 14.00 8/2/2018 USD 44.32
BNP Paribas Emissions- und Ha 8.50 6/21/2018 EUR 70.66
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 65.91
BNP Paribas Emissions- und Ha 14.00 6/21/2018 EUR 59.90
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 68.76
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 76.37
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 72.55
BNP Paribas Emissions- und Ha 4.50 6/21/2018 EUR 71.21
BNP Paribas Emissions- und Ha 5.00 6/21/2018 EUR 69.66
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 66.10
BNP Paribas Emissions- und Ha 8.50 6/21/2018 EUR 64.16
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 61.71
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 66.87
BNP Paribas Emissions- und Ha 14.00 6/21/2018 EUR 56.81
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 67.16
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 46.16
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 71.23
DZ Bank AG Deutsche Zentral-G 8.25 3/20/2019 EUR 71.38
Commerzbank AG 7.50 8/24/2018 EUR 74.52
Commerzbank AG 15.00 6/22/2018 EUR 62.91
Commerzbank AG 10.25 9/28/2018 EUR 51.47
HSBC Trinkaus & Burkhardt AG 3.00 6/22/2018 EUR 64.24
Landesbank Baden-Wuerttemberg 4.60 1/25/2019 EUR 62.32
Deutsche Bank AG 6.20 6/19/2018 EUR 71.30
Vontobel Financial Products G 6.00 9/28/2018 EUR 60.52
Vontobel Financial Products G 7.50 6/25/2018 EUR 74.15
Raiffeisen Schweiz Genossensc 8.80 7/3/2018 CHF 61.15
Commerzbank AG 10.50 8/24/2018 EUR 43.61
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 63.26
Zurcher Kantonalbank Finance 6.50 6/20/2018 CHF 67.64
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 36.26
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 40.43
Leonteq Securities AG 8.40 7/10/2018 CHF 49.12
UniCredit Bank AG 4.70 6/22/2018 EUR 72.58
UniCredit Bank AG 5.40 6/22/2018 EUR 70.60
UniCredit Bank AG 9.80 6/22/2018 EUR 68.17
UniCredit Bank AG 12.60 6/22/2018 EUR 61.77
UniCredit Bank AG 12.80 6/22/2018 EUR 58.20
Commerzbank AG 13.75 10/26/2018 EUR 72.79
Vontobel Financial Products G 9.50 9/14/2018 EUR 62.16
Deutsche Bank AG 5.50 6/19/2018 EUR 72.60
Deutsche Bank AG 6.20 8/22/2018 EUR 60.60
Deutsche Bank AG 6.20 10/24/2018 EUR 67.70
Deutsche Bank AG 6.20 10/24/2018 EUR 61.60
Vontobel Financial Products G 4.40 9/21/2018 EUR 53.73
Vontobel Financial Products G 8.05 9/21/2018 EUR 54.80
Vontobel Financial Products G 10.20 3/8/2019 EUR 59.88
Commerzbank AG 1.00 2/19/2020 USD 71.79
BNP Paribas Emissions- und Ha 3.50 9/27/2018 EUR 67.71
Vontobel Financial Products G 10.20 6/8/2018 EUR 63.20
Credit Suisse AG/Nassau 11.05 2/11/2019 CHF 68.79
Vontobel Financial Products G 11.50 6/22/2018 EUR 59.54
Vontobel Financial Products G 10.00 6/22/2018 EUR 62.99
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 66.66
Societe Generale SA 12.00 4/2/2020 USD 70.48
DZ Bank AG Deutsche Zentral-G 8.00 6/22/2018 EUR 64.53
Vontobel Financial Products G 9.50 8/24/2018 EUR 65.82
Vontobel Financial Products G 7.50 8/24/2018 EUR 73.55
Vontobel Financial Products G 7.00 8/24/2018 EUR 65.94
Vontobel Financial Products G 5.00 9/28/2018 EUR 51.15
Vontobel Financial Products G 11.50 6/22/2018 EUR 75.89
Deutsche Bank AG 5.50 6/19/2018 EUR 59.50
Deutsche Bank AG 5.50 9/25/2018 EUR 67.00
Deutsche Bank AG 5.50 9/25/2018 EUR 64.90
Deutsche Bank AG 5.50 9/25/2018 EUR 62.90
Deutsche Bank AG 5.50 12/27/2018 EUR 71.40
Deutsche Bank AG 5.50 12/27/2018 EUR 67.10
Commerzbank AG 12.00 9/28/2018 EUR 73.13
Deutsche Bank AG 5.50 12/27/2018 EUR 63.30
Commerzbank AG 11.25 10/26/2018 EUR 74.10
DZ Bank AG Deutsche Zentral-G 6.90 9/24/2018 EUR 68.09
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 36.34
UniCredit Bank AG 14.00 6/22/2018 EUR 74.46
UniCredit Bank AG 11.70 6/22/2018 EUR 63.75
Vontobel Financial Products G 11.60 12/14/2018 EUR 74.37
UniCredit Bank AG 6.20 6/22/2018 EUR 68.74
UniCredit Bank AG 13.90 6/22/2018 EUR 56.98
UniCredit Bank AG 15.00 6/22/2018 EUR 73.02
Deutsche Bank AG 6.20 8/22/2018 EUR 73.50
Deutsche Bank AG 5.50 9/25/2018 EUR 73.80
Vontobel Financial Products G 7.25 9/14/2018 EUR 63.33
Deutsche Bank AG 6.20 7/25/2018 EUR 73.20
Deutsche Bank AG 6.20 7/25/2018 EUR 68.60
Deutsche Bank AG 6.20 8/22/2018 EUR 69.10
Deutsche Bank AG 6.20 8/22/2018 EUR 62.50
BNP Paribas Emissions- und Ha 5.00 9/27/2018 EUR 69.21
Vontobel Financial Products G 7.30 6/8/2018 EUR 70.20
Vontobel Financial Products G 8.25 6/8/2018 EUR 67.70
Vontobel Financial Products G 9.20 6/8/2018 EUR 65.38
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 69.72
HSBC Trinkaus & Burkhardt AG 9.00 7/27/2018 EUR 69.16
Vontobel Financial Products G 11.50 6/22/2018 EUR 42.32
Vontobel Financial Products G 10.50 9/28/2018 EUR 45.05
Vontobel Financial Products G 12.50 9/28/2018 EUR 43.58
Vontobel Financial Products G 11.00 1/2/2019 EUR 46.00
DZ Bank AG Deutsche Zentral-G 6.00 6/22/2018 EUR 60.67
DZ Bank AG Deutsche Zentral-G 8.00 6/22/2018 EUR 57.93
DZ Bank AG Deutsche Zentral-G 4.00 8/2/2018 EUR 69.98
Deutsche Bank AG 5.50 6/19/2018 EUR 68.00
Deutsche Bank AG 5.50 6/19/2018 EUR 63.50
Deutsche Bank AG 5.50 9/25/2018 EUR 69.30
Deutsche Bank AG 5.50 9/25/2018 EUR 61.00
Deutsche Bank AG 5.50 12/27/2018 EUR 68.20
Commerzbank AG 10.25 10/26/2018 EUR 75.06
Vontobel Financial Products G 11.50 6/22/2018 EUR 53.07
Vontobel Financial Products G 9.50 6/22/2018 EUR 55.39
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 36.19
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 36.34
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 39.29
UniCredit Bank AG 7.00 6/22/2018 EUR 66.98
UniCredit Bank AG 8.80 6/22/2018 EUR 63.74
UniCredit Bank AG 9.80 6/22/2018 EUR 62.25
UniCredit Bank AG 11.80 6/22/2018 EUR 59.49
Vontobel Financial Products G 9.20 12/14/2018 EUR 73.10
UniCredit Bank AG 15.00 6/22/2018 EUR 55.82
Commerzbank AG 14.50 9/28/2018 EUR 72.02
Deutsche Bank AG 6.20 10/24/2018 EUR 74.40
Vontobel Financial Products G 7.75 12/14/2018 EUR 63.38
Vontobel Financial Products G 4.30 12/14/2018 EUR 72.91
Vontobel Financial Products G 3.95 3/8/2019 EUR 75.14
Vontobel Financial Products G 5.15 9/14/2018 EUR 62.75
Deutsche Bank AG 6.20 7/25/2018 EUR 64.10
Deutsche Bank AG 6.20 7/25/2018 EUR 60.20
UniCredit Bank AG 14.90 6/22/2018 EUR 72.91
Deutsche Bank AG 6.20 10/24/2018 EUR 69.90
Deutsche Bank AG 6.20 10/24/2018 EUR 63.50
Vontobel Financial Products G 7.10 3/8/2019 EUR 60.87
Vontobel Financial Products G 10.35 3/8/2019 EUR 65.09
UniCredit Bank AG 13.80 6/22/2018 EUR 74.46
Vontobel Financial Products G 8.05 3/8/2019 EUR 60.75
Landesbank Baden-Wuerttemberg 5.00 6/28/2019 EUR 70.95
Landesbank Baden-Wuerttemberg 7.00 6/28/2019 EUR 67.15
BNP Paribas Emissions- und Ha 3.00 12/31/2018 EUR 71.45
Commerzbank AG 10.25 8/24/2018 EUR 73.68
DZ Bank AG Deutsche Zentral-G 5.25 8/24/2018 EUR 73.88
UniCredit Bank AG 14.30 6/22/2018 EUR 72.24
UniCredit Bank AG 12.90 6/22/2018 EUR 69.72
DZ Bank AG Deutsche Zentral-G 5.50 6/22/2018 EUR 65.35
Credit Suisse AG/London 8.25 8/29/2018 USD 59.02
Vontobel Financial Products G 6.50 1/2/2019 EUR 71.06
Vontobel Financial Products G 11.50 1/2/2019 EUR 63.94
DZ Bank AG Deutsche Zentral-G 5.40 9/24/2018 EUR 70.90
DZ Bank AG Deutsche Zentral-G 6.30 9/24/2018 EUR 68.84
DZ Bank AG Deutsche Zentral-G 5.10 3/18/2019 EUR 70.33
DZ Bank AG Deutsche Zentral-G 8.25 1/2/2019 EUR 65.99
UBS AG/London 15.30 6/21/2018 EUR 58.39
DZ Bank AG Deutsche Zentral-G 9.00 9/28/2018 EUR 63.18
DZ Bank AG Deutsche Zentral-G 8.50 6/22/2018 EUR 60.87
Vontobel Financial Products G 8.50 9/28/2018 EUR 48.00
Vontobel Financial Products G 9.50 1/2/2019 EUR 47.23
Commerzbank AG 12.75 7/27/2018 EUR 67.94
UBS AG/London 5.90 1/3/2019 EUR 70.73
Commerzbank AG 5.75 8/24/2018 EUR 56.13
Commerzbank AG 14.00 7/27/2018 EUR 64.17
Commerzbank AG 15.25 8/24/2018 EUR 46.35
DekaBank Deutsche Girozentral 3.00 6/21/2021 EUR 70.78
Vontobel Financial Products G 4.00 9/28/2018 EUR 59.89
Vontobel Financial Products G 12.00 6/22/2018 EUR 63.64
Deutsche Bank AG 5.20 6/19/2018 EUR 73.10
Vontobel Financial Products G 8.50 1/2/2019 EUR 63.75
Vontobel Financial Products G 10.50 9/28/2018 EUR 62.14
DZ Bank AG Deutsche Zentral-G 6.50 12/24/2018 EUR 59.20
DZ Bank AG Deutsche Zentral-G 6.10 12/24/2018 EUR 70.02
DZ Bank AG Deutsche Zentral-G 5.25 9/28/2018 EUR 69.51
DZ Bank AG Deutsche Zentral-G 6.50 3/18/2019 EUR 60.59
UBS AG/London 3.60 6/21/2018 EUR 74.64
Vontobel Financial Products G 12.00 9/28/2018 EUR 45.52
Vontobel Financial Products G 11.50 1/2/2019 EUR 46.23
UBS AG/London 6.00 9/27/2018 EUR 69.12
Commerzbank AG 11.75 7/27/2018 EUR 69.50
UBS AG/London 5.60 3/21/2019 EUR 71.12
Vontobel Financial Products G 5.55 6/22/2018 EUR 56.84
Vontobel Financial Products G 9.50 6/22/2018 EUR 57.02
Vontobel Financial Products G 14.55 6/22/2018 EUR 72.75
UBS AG/London 5.25 6/21/2018 EUR 62.45
Commerzbank AG 13.00 6/22/2018 EUR 70.09
Commerzbank AG 12.50 8/24/2018 EUR 70.96
Commerzbank AG 9.75 8/24/2018 EUR 47.17
Commerzbank AG 11.75 8/24/2018 EUR 44.71
Commerzbank AG 12.25 9/28/2018 EUR 49.35
Vontobel Financial Products G 7.00 9/28/2018 EUR 69.61
UBS AG/London 6.25 11/23/2018 USD 74.00
Zurcher Kantonalbank Finance 4.75 11/30/2018 CHF 56.15
Vontobel Financial Products G 10.05 6/22/2018 EUR 63.55
Vontobel Financial Products G 9.50 1/2/2019 EUR 64.32
Vontobel Financial Products G 9.50 9/28/2018 EUR 61.62
Vontobel Financial Products G 9.70 6/25/2018 EUR 74.27
Vontobel Financial Products G 7.55 6/22/2018 EUR 60.45
Vontobel Financial Products G 4.50 6/22/2018 EUR 60.30
Deutsche Bank AG 6.20 6/19/2018 EUR 63.20
Landesbank Baden-Wuerttemberg 6.00 7/27/2018 EUR 68.89
Landesbank Baden-Wuerttemberg 6.00 7/27/2018 EUR 71.07
Vontobel Financial Products G 8.50 9/28/2018 EUR 57.19
Vontobel Financial Products G 10.00 9/28/2018 EUR 55.55
Landesbank Baden-Wuerttemberg 4.00 11/23/2018 EUR 72.33
Vontobel Financial Products G 10.00 6/22/2018 EUR 69.91
Vontobel Financial Products G 5.50 6/22/2018 EUR 69.70
Vontobel Financial Products G 9.00 9/28/2018 EUR 68.72
Vontobel Financial Products G 9.80 9/14/2018 EUR 58.38
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 64.01
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 73.84
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 71.85
Vontobel Financial Products G 10.10 6/8/2018 EUR 60.28
Vontobel Financial Products G 13.10 9/14/2018 EUR 59.78
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 71.64
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 71.72
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 64.53
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 59.83
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 44.96
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 62.83
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 59.99
Commerzbank AG 13.25 10/26/2018 EUR 47.09
Vontobel Financial Products G 5.35 6/8/2018 EUR 66.18
Commerzbank AG 15.50 7/27/2018 EUR 43.95
DZ Bank AG Deutsche Zentral-G 5.00 8/24/2018 EUR 70.75
DZ Bank AG Deutsche Zentral-G 5.00 8/24/2018 EUR 73.93
Raiffeisen Centrobank AG 16.62 6/19/2018 EUR 63.70
Raiffeisen Centrobank AG 12.49 6/19/2018 EUR 64.60
Commerzbank AG 8.75 8/24/2018 EUR 68.98
Vontobel Financial Products G 10.00 11/23/2018 EUR 65.20
DZ Bank AG Deutsche Zentral-G 8.25 6/22/2018 EUR 67.55
Deutsche Bank AG 6.20 9/25/2018 EUR 64.90
Vontobel Financial Products G 11.00 6/22/2018 EUR 56.48
DZ Bank AG Deutsche Zentral-G 6.00 9/28/2018 EUR 74.31
DZ Bank AG Deutsche Zentral-G 8.25 9/28/2018 EUR 57.32
Commerzbank AG 13.00 8/24/2018 EUR 61.45
Commerzbank AG 10.25 9/28/2018 EUR 64.49
Commerzbank AG 12.25 9/28/2018 EUR 62.45
Commerzbank AG 7.25 11/23/2018 EUR 69.21
Commerzbank AG 8.25 11/23/2018 EUR 67.60
Commerzbank AG 10.25 11/23/2018 EUR 64.99
Commerzbank AG 4.50 11/23/2018 EUR 61.26
Commerzbank AG 8.50 11/23/2018 EUR 51.25
Vontobel Financial Products G 16.00 9/28/2018 EUR 68.64
Vontobel Financial Products G 12.00 1/2/2019 EUR 68.08
Vontobel Financial Products G 13.55 1/2/2019 EUR 69.00
Vontobel Financial Products G 15.00 1/2/2019 EUR 71.76
Raiffeisen Centrobank AG 10.66 9/25/2018 EUR 73.89
Commerzbank AG 6.50 6/22/2018 EUR 65.68
Commerzbank AG 6.50 8/24/2018 EUR 66.77
DekaBank Deutsche Girozentral 3.50 12/20/2018 EUR 58.81
EFG International Finance Gue 7.40 9/13/2019 USD 65.14
Landesbank Baden-Wuerttemberg 5.00 3/22/2019 EUR 69.88
HSBC Trinkaus & Burkhardt AG 5.20 6/22/2018 EUR 65.05
HSBC Trinkaus & Burkhardt AG 8.70 6/22/2018 EUR 63.77
HSBC Trinkaus & Burkhardt AG 8.20 9/28/2018 EUR 65.90
Goldman Sachs & Co Wertpapier 17.00 9/26/2018 EUR 74.61
Vontobel Financial Products G 7.05 1/2/2019 EUR 69.85
Vontobel Financial Products G 5.25 9/14/2018 EUR 68.93
Vontobel Financial Products G 6.60 9/14/2018 EUR 64.84
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 65.58
Goldman Sachs & Co Wertpapier 7.00 9/26/2018 EUR 67.32
Vontobel Financial Products G 5.35 6/8/2018 EUR 66.56
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 71.55
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 55.88
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 63.01
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 41.92
Commerzbank AG 9.25 10/26/2018 EUR 51.17
Commerzbank AG 11.25 10/26/2018 EUR 48.86
DZ Bank AG Deutsche Zentral-G 10.75 8/24/2018 EUR 58.71
Landesbank Hessen-Thueringen 4.00 6/21/2019 EUR 64.10
Raiffeisen Centrobank AG 15.44 6/19/2018 EUR 64.88
DZ Bank AG Deutsche Zentral-G 5.00 6/18/2018 EUR 71.33
DZ Bank AG Deutsche Zentral-G 4.75 6/18/2018 EUR 61.52
DZ Bank AG Deutsche Zentral-G 8.60 6/18/2018 EUR 64.35
DZ Bank AG Deutsche Zentral-G 7.40 9/24/2018 EUR 66.27
Vontobel Financial Products G 10.50 6/22/2018 EUR 59.89
Vontobel Financial Products G 3.00 6/8/2018 EUR 56.05
Vontobel Financial Products G 7.80 6/8/2018 EUR 56.09
UniCredit Bank AG 13.40 6/22/2018 EUR 73.17
Vontobel Financial Products G 14.00 9/28/2018 EUR 61.66
Vontobel Financial Products G 8.55 1/2/2019 EUR 67.89
Vontobel Financial Products G 13.00 1/2/2019 EUR 63.12
Bank Julius Baer & Co Ltd/Gue 9.50 8/23/2018 USD 63.65
Vontobel Financial Products G 6.50 9/28/2018 EUR 69.47
Vontobel Financial Products G 7.50 9/28/2018 EUR 67.46
Vontobel Financial Products G 9.05 9/28/2018 EUR 65.80
Vontobel Financial Products G 12.00 9/28/2018 EUR 62.76
DZ Bank AG Deutsche Zentral-G 5.60 3/18/2019 EUR 68.79
Credit Suisse AG/Nassau 8.25 6/18/2018 CHF 66.43
DZ Bank AG Deutsche Zentral-G 6.80 12/24/2018 EUR 68.42
DZ Bank AG Deutsche Zentral-G 6.25 1/2/2019 EUR 61.25
DZ Bank AG Deutsche Zentral-G 5.00 3/18/2019 EUR 62.14
DZ Bank AG Deutsche Zentral-G 11.00 6/22/2018 EUR 58.96
Vontobel Financial Products G 6.00 9/28/2018 EUR 51.47
UBS AG/London 19.00 6/21/2018 EUR 48.09
UBS AG/London 16.90 6/21/2018 EUR 65.52
EFG International Finance Gue 13.00 12/6/2018 EUR 66.33
Deutsche Bank AG 6.20 6/19/2018 EUR 73.10
Vontobel Financial Products G 9.00 9/28/2018 EUR 61.67
Vontobel Financial Products G 11.00 6/22/2018 EUR 66.17
Vontobel Financial Products G 7.00 8/24/2018 EUR 70.13
Deutsche Bank AG 5.20 9/25/2018 EUR 64.60
Leonteq Securities AG/Guernse 7.00 6/19/2019 USD 57.90
Vontobel Financial Products G 10.00 6/22/2018 EUR 61.38
Commerzbank AG 5.75 6/22/2018 EUR 70.32
Commerzbank AG 10.00 8/24/2018 EUR 64.43
Vontobel Financial Products G 14.50 6/22/2018 EUR 68.98
DZ Bank AG Deutsche Zentral-G 6.50 9/28/2018 EUR 74.59
DZ Bank AG Deutsche Zentral-G 6.00 6/22/2018 EUR 72.71
DZ Bank AG Deutsche Zentral-G 8.75 6/22/2018 EUR 55.14
DZ Bank AG Deutsche Zentral-G 5.25 7/27/2018 EUR 2.44
Commerzbank AG 10.50 11/23/2018 EUR 48.86
Commerzbank AG 12.50 11/23/2018 EUR 47.09
Commerzbank AG 11.00 8/24/2018 EUR 63.34
Commerzbank AG 12.00 8/24/2018 EUR 62.33
Commerzbank AG 9.25 9/28/2018 EUR 65.67
Commerzbank AG 11.25 9/28/2018 EUR 63.39
Commerzbank AG 11.75 10/26/2018 EUR 63.17
Commerzbank AG 6.25 11/23/2018 EUR 71.13
Commerzbank AG 9.25 11/23/2018 EUR 66.19
Commerzbank AG 11.25 11/23/2018 EUR 63.95
Commerzbank AG 6.50 11/23/2018 EUR 54.95
Vontobel Financial Products G 14.00 9/28/2018 EUR 67.99
Vontobel Financial Products G 12.00 9/28/2018 EUR 67.33
Vontobel Financial Products G 9.55 9/28/2018 EUR 79.32
Vontobel Financial Products G 10.50 1/2/2019 EUR 77.84
Raiffeisen Centrobank AG 10.54 3/19/2019 EUR 73.33
Vontobel Financial Products G 9.00 6/22/2018 EUR 61.93
EFG International Finance Gue 7.40 6/28/2019 USD 60.45
Vontobel Financial Products G 15.00 9/28/2018 EUR 73.11
DZ Bank AG Deutsche Zentral-G 6.40 9/24/2018 EUR 71.20
Credit Suisse AG/Nassau 7.00 9/24/2018 EUR 70.27
Vontobel Financial Products G 11.50 6/22/2018 EUR 56.17
Vontobel Financial Products G 11.55 9/28/2018 EUR 56.03
Vontobel Financial Products G 10.05 1/2/2019 EUR 58.12
Vontobel Financial Products G 6.55 9/28/2018 EUR 64.69
Vontobel Financial Products G 7.50 9/28/2018 EUR 54.76
Landesbank Baden-Wuerttemberg 4.50 11/23/2018 EUR 72.16
Landesbank Baden-Wuerttemberg 4.00 11/23/2018 EUR 74.12
EFG International Finance Gue 12.60 11/29/2018 EUR 64.55
Leonteq Securities AG/Guernse 7.00 6/26/2019 CHF 57.66
Vontobel Financial Products G 5.50 1/2/2019 EUR 68.96
Vontobel Financial Products G 5.50 9/28/2018 EUR 67.62
Vontobel Financial Products G 6.55 9/28/2018 EUR 67.95
Vontobel Financial Products G 8.15 9/14/2018 EUR 61.35
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 70.32
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 71.71
Vontobel Financial Products G 3.45 9/14/2018 EUR 73.17
Vontobel Financial Products G 7.80 9/14/2018 EUR 65.36
BNP Paribas Emissions- und Ha 8.50 9/27/2018 EUR 69.25
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 68.30
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 59.44
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 66.31
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 68.18
BNP Paribas Emissions- und Ha 6.50 9/27/2018 EUR 65.64
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 36.37
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 62.87
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 59.95
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 58.38
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 56.40
Commerzbank AG 7.25 10/26/2018 EUR 54.58
Vontobel Financial Products G 6.55 6/8/2018 EUR 49.64
Vontobel Financial Products G 10.75 6/8/2018 EUR 49.76
Vontobel Financial Products G 5.50 6/22/2018 EUR 72.43
Vontobel Financial Products G 10.00 9/28/2018 EUR 74.16
Vontobel Financial Products G 10.50 6/22/2018 EUR 62.36
DZ Bank AG Deutsche Zentral-G 6.25 6/22/2018 EUR 52.26
Vontobel Financial Products G 7.00 6/22/2018 EUR 65.11
DZ Bank AG Deutsche Zentral-G 7.25 6/18/2018 EUR 72.70
Vontobel Financial Products G 11.00 6/22/2018 EUR 62.03
DZ Bank AG Deutsche Zentral-G 6.25 6/22/2018 EUR 72.90
Leonteq Securities AG/Guernse 11.00 9/12/2018 USD 55.26
Landesbank Baden-Wuerttemberg 3.00 7/27/2018 EUR 72.72
Vontobel Financial Products G 9.50 1/2/2019 EUR 57.81
Vontobel Financial Products G 8.00 1/2/2019 EUR 56.94
Vontobel Financial Products G 6.55 1/2/2019 EUR 64.52
Commerzbank AG 13.50 9/28/2018 EUR 44.94
Leonteq Securities AG/Guernse 13.40 2/27/2019 EUR 67.56
Raiffeisen Centrobank AG 13.87 6/19/2018 EUR 63.37
BNP Paribas Emissions- und Ha 6.80 10/25/2018 EUR 69.99
Commerzbank AG 17.00 6/22/2018 EUR 42.94
UniCredit Bank AG 3.90 6/22/2018 EUR 75.45
UniCredit Bank AG 14.40 6/22/2018 EUR 67.98
DZ Bank AG Deutsche Zentral-G 5.50 9/28/2018 EUR 66.79
DZ Bank AG Deutsche Zentral-G 6.50 6/22/2018 EUR 58.80
Vontobel Financial Products G 7.50 1/2/2019 EUR 69.40
Vontobel Financial Products G 9.50 1/2/2019 EUR 66.38
Vontobel Financial Products G 10.55 1/2/2019 EUR 65.16
Vontobel Financial Products G 10.55 9/28/2018 EUR 64.23
DZ Bank AG Deutsche Zentral-G 7.90 6/18/2018 EUR 67.27
DZ Bank AG Deutsche Zentral-G 7.20 9/24/2018 EUR 67.06
DZ Bank AG Deutsche Zentral-G 5.00 1/2/2019 EUR 68.63
DZ Bank AG Deutsche Zentral-G 5.25 3/22/2019 EUR 71.36
UBS AG/London 12.25 8/23/2018 USD 62.05
Vontobel Financial Products G 14.55 9/28/2018 EUR 44.23
Commerzbank AG 10.75 7/27/2018 EUR 71.24
UBS AG/London 6.10 6/21/2018 EUR 67.58
Commerzbank AG 14.00 6/22/2018 EUR 68.64
Commerzbank AG 7.75 8/24/2018 EUR 50.57
DZ Bank AG Deutsche Zentral-G 5.00 6/22/2018 EUR 1.67
Vontobel Financial Products G 2.00 6/22/2018 EUR 55.98
Vontobel Financial Products G 5.50 6/22/2018 EUR 50.14
Vontobel Financial Products G 5.50 6/22/2018 EUR 68.73
UBS AG/London 8.75 8/16/2018 CHF 64.20
Landesbank Baden-Wuerttemberg 8.00 7/27/2018 EUR 66.67
Landesbank Baden-Wuerttemberg 4.00 7/27/2018 EUR 70.95
Bank Julius Baer & Co Ltd/Gue 6.50 6/15/2018 USD 50.35
Vontobel Financial Products G 10.50 6/22/2018 EUR 56.12
Vontobel Financial Products G 8.00 6/22/2018 EUR 56.01
Vontobel Financial Products G 10.55 9/28/2018 EUR 58.10
Landesbank Baden-Wuerttemberg 6.00 11/23/2018 EUR 68.30
Commerzbank AG 0.10 12/27/2018 RUB 2.16
Vontobel Financial Products G 8.00 9/28/2018 EUR 68.40
Vontobel Financial Products G 11.65 9/14/2018 EUR 55.81
Vontobel Financial Products G 9.30 6/8/2018 EUR 72.59
BNP Paribas Emissions- und Ha 6.50 9/27/2018 EUR 72.29
BNP Paribas Emissions- und Ha 6.00 9/27/2018 EUR 74.11
BNP Paribas Emissions- und Ha 8.00 9/27/2018 EUR 48.21
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 75.52
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 66.06
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 57.37
Landesbank Hessen-Thueringen 4.00 10/10/2018 EUR 69.50
Commerzbank AG 7.75 8/24/2018 EUR 71.15
Commerzbank AG 8.00 9/28/2018 EUR 71.06
Commerzbank AG 5.25 10/26/2018 EUR 60.05
DZ Bank AG Deutsche Zentral-G 7.75 9/26/2018 EUR 71.70
DZ Bank AG Deutsche Zentral-G 9.25 9/26/2018 EUR 68.72
UniCredit Bank AG 6.90 1/4/2019 EUR 73.06
UniCredit Bank AG 7.10 1/4/2019 EUR 57.05
UniCredit Bank AG 7.50 1/4/2019 EUR 74.62
UniCredit Bank AG 9.20 1/4/2019 EUR 72.02
UniCredit Bank AG 7.70 1/4/2019 EUR 69.56
UniCredit Bank AG 9.80 1/4/2019 EUR 64.89
UniCredit Bank AG 10.90 1/4/2019 EUR 70.27
UniCredit Bank AG 10.00 1/4/2019 EUR 67.93
UniCredit Bank AG 8.20 1/4/2019 EUR 68.25
UniCredit Bank AG 6.50 1/4/2019 EUR 73.27
UniCredit Bank AG 8.60 1/4/2019 EUR 70.32
UniCredit Bank AG 10.10 1/4/2019 EUR 68.52
UniCredit Bank AG 7.30 1/4/2019 EUR 72.43
UniCredit Bank AG 10.60 1/4/2019 EUR 63.60
UniCredit Bank AG 6.00 1/4/2019 EUR 60.06
UniCredit Bank AG 8.40 1/4/2019 EUR 54.59
UniCredit Bank AG 12.20 1/4/2019 EUR 61.31
UniCredit Bank AG 10.10 1/4/2019 EUR 64.21
BNP Paribas Emissions- und Ha 19.00 9/27/2018 EUR 76.52
Leonteq Securities AG 15.00 8/22/2018 CHF 60.66
UniCredit Bank AG 14.60 6/22/2018 EUR 72.43
UniCredit Bank AG 10.00 6/22/2018 EUR 63.03
UniCredit Bank AG 12.20 6/22/2018 EUR 71.22
UniCredit Bank AG 13.10 6/22/2018 EUR 58.88
UniCredit Bank AG 9.00 6/22/2018 EUR 64.56
UniCredit Bank AG 11.90 6/22/2018 EUR 77.50
Raiffeisen Schweiz Genossensc 7.60 8/22/2018 CHF 58.45
UniCredit Bank AG 11.50 6/22/2018 EUR 71.42
Vontobel Financial Products G 11.00 6/28/2019 EUR 73.73
Vontobel Financial Products G 9.50 6/28/2019 EUR 71.89
HSBC Trinkaus & Burkhardt AG 2.80 6/22/2018 EUR 74.72
HSBC Trinkaus & Burkhardt AG 6.40 9/28/2018 EUR 68.75
HSBC Trinkaus & Burkhardt AG 7.00 12/28/2018 EUR 67.13
HSBC Trinkaus & Burkhardt AG 9.20 6/22/2018 EUR 45.62
HSBC Trinkaus & Burkhardt AG 9.50 6/22/2018 EUR 59.60
HSBC Trinkaus & Burkhardt AG 4.30 12/28/2018 EUR 52.95
HSBC Trinkaus & Burkhardt AG 4.40 6/28/2019 EUR 56.23
HSBC Trinkaus & Burkhardt AG 9.30 6/22/2018 EUR 69.50
Raiffeisen Schweiz Genossensc 10.00 10/23/2018 CHF 62.77
Deutsche Bank AG 4.20 9/25/2018 EUR 67.70
Deutsche Bank AG 4.20 12/27/2018 EUR 65.30
UniCredit Bank AG 14.90 6/22/2018 EUR 54.76
UniCredit Bank AG 6.10 6/22/2018 EUR 55.13
UniCredit Bank AG 13.90 6/22/2018 EUR 41.48
UniCredit Bank AG 4.40 6/22/2018 EUR 71.15
UniCredit Bank AG 11.60 6/22/2018 EUR 58.33
UniCredit Bank AG 13.80 6/22/2018 EUR 70.39
UniCredit Bank AG 12.60 6/22/2018 EUR 74.42
UniCredit Bank AG 13.70 6/22/2018 EUR 72.75
UniCredit Bank AG 14.90 6/22/2018 EUR 71.97
UniCredit Bank AG 14.10 6/22/2018 EUR 73.31
UniCredit Bank AG 9.10 6/22/2018 EUR 75.14
UniCredit Bank AG 13.20 6/22/2018 EUR 74.87
UniCredit Bank AG 14.80 6/22/2018 EUR 71.77
UniCredit Bank AG 4.90 6/22/2018 EUR 73.64
Vontobel Financial Products G 14.50 1/2/2019 EUR 71.63
Vontobel Financial Products G 12.50 1/2/2019 EUR 70.45
Vontobel Financial Products G 10.55 1/2/2019 EUR 69.30
Vontobel Financial Products G 8.55 1/2/2019 EUR 78.08
UniCredit Bank AG 10.90 6/22/2018 EUR 58.83
UniCredit Bank AG 13.90 6/22/2018 EUR 54.07
UniCredit Bank AG 11.80 6/22/2018 EUR 57.15
UniCredit Bank AG 8.20 6/22/2018 EUR 64.62
UniCredit Bank AG 13.40 6/22/2018 EUR 73.72
UniCredit Bank AG 13.90 6/22/2018 EUR 73.63
UniCredit Bank AG 5.60 6/22/2018 EUR 71.61
UniCredit Bank AG 12.10 6/22/2018 EUR 60.20
Vontobel Financial Products G 6.00 6/22/2018 EUR 73.41
BNP Paribas Emissions- und Ha 17.00 10/25/2018 EUR 77.25
HSBC Trinkaus & Burkhardt AG 12.30 9/28/2018 EUR 42.72
Vontobel Financial Products G 12.00 3/22/2019 EUR 74.75
HSBC Trinkaus & Burkhardt AG 7.60 6/22/2018 EUR 63.77
HSBC Trinkaus & Burkhardt AG 8.00 9/28/2018 EUR 65.93
HSBC Trinkaus & Burkhardt AG 6.20 6/28/2019 EUR 48.77
HSBC Trinkaus & Burkhardt AG 6.20 12/28/2018 EUR 70.84
HSBC Trinkaus & Burkhardt AG 9.20 9/28/2018 EUR 44.73
DZ Bank AG Deutsche Zentral-G 6.20 6/18/2018 EUR 70.76
Deutsche Bank AG 4.20 9/25/2018 EUR 64.40
Deutsche Bank AG 4.20 12/27/2018 EUR 68.60
Landesbank Baden-Wuerttemberg 4.00 6/22/2018 EUR 70.42
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 50.22
Landesbank Baden-Wuerttemberg 4.00 6/22/2018 EUR 70.37
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 64.15
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 62.92
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 60.12
BNP Paribas Emissions- und Ha 14.00 12/31/2018 EUR 58.18
BNP Paribas Emissions- und Ha 7.50 6/21/2018 EUR 64.14
BNP Paribas Emissions- und Ha 5.50 12/31/2018 EUR 71.19
Commerzbank AG 19.00 6/22/2018 EUR 73.39
Deutsche Bank AG 4.20 12/27/2018 EUR 58.10
Deutsche Bank AG 4.20 9/25/2018 EUR 57.10
Deutsche Bank AG 6.20 12/27/2018 EUR 62.70
Leonteq Securities AG/Guernse 11.00 11/26/2018 EUR 60.64
HSBC Trinkaus & Burkhardt AG 6.70 6/22/2018 EUR 51.70
HSBC Trinkaus & Burkhardt AG 9.60 9/28/2018 EUR 60.62
HSBC Trinkaus & Burkhardt AG 2.50 6/22/2018 EUR 61.33
HSBC Trinkaus & Burkhardt AG 6.90 6/22/2018 EUR 69.92
DZ Bank AG Deutsche Zentral-G 9.00 6/18/2018 EUR 71.48
Deutsche Bank AG 4.20 6/19/2018 EUR 63.40
Deutsche Bank AG 4.20 6/19/2018 EUR 63.40
Deutsche Bank AG 4.20 6/19/2018 EUR 60.40
Deutsche Bank AG 4.20 12/27/2018 EUR 65.30
Landesbank Baden-Wuerttemberg 2.50 6/22/2018 EUR 74.49
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 50.28
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 44.00
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 70.65
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 66.08
BNP Paribas Emissions- und Ha 4.50 9/27/2018 EUR 72.06
BNP Paribas Emissions- und Ha 8.00 9/27/2018 EUR 67.99
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 61.51
BNP Paribas Emissions- und Ha 16.00 9/27/2018 EUR 55.03
BNP Paribas Emissions- und Ha 8.50 6/21/2018 EUR 64.18
BNP Paribas Emissions- und Ha 4.50 12/31/2018 EUR 73.62
BNP Paribas Emissions- und Ha 9.50 12/31/2018 EUR 66.91
Deutsche Bank AG 4.20 12/27/2018 EUR 55.00
Deutsche Bank AG 4.20 6/19/2018 EUR 59.40
Deutsche Bank AG 6.20 6/19/2018 EUR 59.60
Deutsche Bank AG 6.20 6/19/2018 EUR 56.10
Deutsche Bank AG 4.20 6/19/2018 EUR 56.00
Deutsche Bank AG 4.20 6/19/2018 EUR 52.90
Deutsche Bank AG 4.20 9/25/2018 EUR 60.50
Deutsche Bank AG 6.20 9/25/2018 EUR 57.70
DZ Bank AG Deutsche Zentral-G 6.50 9/28/2018 EUR 64.28
DZ Bank AG Deutsche Zentral-G 8.75 9/28/2018 EUR 64.23
DZ Bank AG Deutsche Zentral-G 7.50 6/22/2018 EUR 70.95
DZ Bank AG Deutsche Zentral-G 5.60 6/22/2018 EUR 68.87
UniCredit Bank AG 10.30 9/28/2018 EUR 64.15
Commerzbank AG 3.00 7/27/2018 EUR 62.04
Deutsche Bank AG 6.20 12/27/2018 EUR 56.20
Deutsche Bank AG 6.20 9/25/2018 EUR 61.20
Deutsche Bank AG 4.20 12/27/2018 EUR 61.50
Zurcher Kantonalbank Finance 5.25 10/24/2018 CHF 64.92
DZ Bank AG Deutsche Zentral-G 11.50 9/28/2018 EUR 73.83
DZ Bank AG Deutsche Zentral-G 5.50 10/26/2018 EUR 4.32
DZ Bank AG Deutsche Zentral-G 7.70 6/22/2018 EUR 58.81
DZ Bank AG Deutsche Zentral-G 4.60 6/22/2018 EUR 61.94
UniCredit Bank AG 14.00 1/4/2019 EUR 73.33
UniCredit Bank AG 5.00 1/3/2020 EUR 10.85
UniCredit Bank AG 8.90 6/28/2019 EUR 71.55
UniCredit Bank AG 9.20 6/28/2019 EUR 51.66
Commerzbank AG 10.00 9/28/2018 EUR 77.27
Commerzbank AG 12.00 9/28/2018 EUR 75.67
Vontobel Financial Products G 13.00 6/22/2018 EUR 51.86
Vontobel Financial Products G 5.00 9/28/2018 EUR 69.00
Vontobel Financial Products G 7.55 9/28/2018 EUR 61.36
Vontobel Financial Products G 6.00 1/2/2019 EUR 66.32
Vontobel Financial Products G 10.00 1/2/2019 EUR 58.24
Bank Julius Baer & Co Ltd/Gue 9.25 10/12/2018 USD 60.00
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 65.35
Landesbank Baden-Wuerttemberg 7.00 6/22/2018 EUR 61.73
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 63.02
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 57.96
BNP Paribas Emissions- und Ha 5.00 12/31/2018 EUR 72.38
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 67.84
Deutsche Bank AG 6.20 12/27/2018 EUR 59.20
Deutsche Bank AG 6.20 6/19/2018 EUR 53.00
Deutsche Bank AG 6.20 9/25/2018 EUR 54.60
Deutsche Bank AG 4.20 9/25/2018 EUR 54.00
DZ Bank AG Deutsche Zentral-G 8.25 6/22/2018 EUR 59.83
Commerzbank AG 13.75 10/26/2018 EUR 76.68
DZ Bank AG Deutsche Zentral-G 8.40 6/22/2018 EUR 74.70
DZ Bank AG Deutsche Zentral-G 6.70 6/22/2018 EUR 61.61
DZ Bank AG Deutsche Zentral-G 4.80 6/22/2018 EUR 72.84
UniCredit Bank AG 13.00 1/4/2019 EUR 73.96
UniCredit Bank AG 12.60 9/28/2018 EUR 66.15
UniCredit Bank AG 10.60 1/3/2020 EUR 68.09
UniCredit Bank AG 14.50 6/28/2019 EUR 62.17
UniCredit Bank AG 7.70 1/3/2020 EUR 74.54
DZ Bank AG Deutsche Zentral-G 5.00 9/24/2018 EUR 71.91
UniCredit Bank AG 8.90 6/28/2019 EUR 69.83
UniCredit Bank AG 11.60 1/3/2020 EUR 52.97
UniCredit Bank AG 5.80 1/3/2020 EUR 57.80
UniCredit Bank AG 9.60 1/3/2020 EUR 71.67
Bank Julius Baer & Co Ltd/Gue 6.55 3/27/2019 CHF 76.25
UniCredit Bank AG 6.30 6/28/2019 EUR 56.10
UniCredit Bank AG 11.30 6/28/2019 EUR 49.99
UniCredit Bank AG 11.00 6/22/2018 EUR 61.57
UniCredit Bank AG 12.90 6/22/2018 EUR 55.57
UniCredit Bank AG 9.90 6/22/2018 EUR 60.65
UniCredit Bank AG 7.40 6/22/2018 EUR 66.85
UniCredit Bank AG 14.90 6/22/2018 EUR 74.28
UniCredit Bank AG 4.80 6/22/2018 EUR 59.13
UniCredit Bank AG 12.20 6/22/2018 EUR 43.59
UniCredit Bank AG 7.60 6/22/2018 EUR 64.04
UniCredit Bank AG 14.60 6/22/2018 EUR 75.71
UniCredit Bank AG 12.50 6/22/2018 EUR 56.41
UniCredit Bank AG 7.60 6/22/2018 EUR 65.86
UniCredit Bank AG 9.60 6/22/2018 EUR 71.91
UniCredit Bank AG 13.00 6/22/2018 EUR 67.60
UniCredit Bank AG 11.80 6/22/2018 EUR 68.95
UniCredit Bank AG 15.00 6/22/2018 EUR 73.53
UniCredit Bank AG 9.90 6/22/2018 EUR 60.74
UBS AG/London 7.00 10/12/2018 USD 58.20
Raiffeisen Switzerland BV 11.40 4/12/2019 CHF 61.92
Landesbank Baden-Wuerttemberg 6.50 8/24/2018 EUR 70.67
HSBC Trinkaus & Burkhardt AG 8.80 9/28/2018 EUR 48.26
Vontobel Financial Products G 12.55 3/22/2019 EUR 72.86
HSBC Trinkaus & Burkhardt AG 8.80 9/28/2018 EUR 62.16
HSBC Trinkaus & Burkhardt AG 12.10 6/22/2018 EUR 41.20
HSBC Trinkaus & Burkhardt AG 6.20 12/28/2018 EUR 70.84
DZ Bank AG Deutsche Zentral-G 6.80 6/18/2018 EUR 69.38
Deutsche Bank AG 4.20 9/25/2018 EUR 64.40
Deutsche Bank AG 4.20 9/25/2018 EUR 61.40
Deutsche Bank AG 4.20 12/27/2018 EUR 62.30
Credit Suisse AG/Nassau 8.00 8/24/2018 CHF 65.72
Credit Suisse AG/London 8.00 10/22/2018 USD 62.43
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 52.02
BNP Paribas Emissions- und Ha 15.00 9/27/2018 EUR 42.74
Landesbank Baden-Wuerttemberg 5.50 6/22/2018 EUR 65.76
BNP Paribas Emissions- und Ha 11.00 9/27/2018 EUR 64.45
BNP Paribas Emissions- und Ha 4.00 12/31/2018 EUR 75.73
BNP Paribas Emissions- und Ha 16.00 9/27/2018 EUR 64.14
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 69.59
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 61.74
BNP Paribas Emissions- und Ha 9.50 9/27/2018 EUR 66.46
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 54.61
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 67.84
EFG International Finance Gue 8.00 5/26/2020 USD 64.32
UBS AG/London 12.50 10/11/2018 CHF 56.10
Zurcher Kantonalbank Finance 6.25 9/21/2018 CHF 59.49
Vontobel Financial Products G 11.00 1/2/2019 EUR 76.76
UniCredit Bank AG 12.50 9/28/2018 EUR 62.33
BNP Paribas Emissions- und Ha 15.00 9/27/2018 EUR 70.53
BNP Paribas Emissions- und Ha 20.00 9/27/2018 EUR 56.26
BNP Paribas Emissions- und Ha 16.00 12/31/2018 EUR 59.31
BNP Paribas Emissions- und Ha 7.50 9/27/2018 EUR 67.58
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 65.90
BNP Paribas Emissions- und Ha 23.00 6/21/2018 EUR 69.28
Vontobel Financial Products G 11.00 1/2/2019 EUR 69.30
Leonteq Securities AG/Guernse 7.60 9/18/2019 USD 65.58
Leonteq Securities AG/Guernse 7.00 4/16/2020 CHF 73.06
Raiffeisen Centrobank AG 13.29 9/25/2018 EUR 68.47
Raiffeisen Centrobank AG 4.43 9/25/2018 EUR 72.44
Commerzbank AG 11.25 6/22/2018 EUR 42.14
Commerzbank AG 13.25 8/24/2018 EUR 74.02
Leonteq Securities AG/Guernse 11.00 4/8/2019 EUR 68.87
Landesbank Hessen-Thueringen 4.00 2/17/2021 EUR 69.26
HSBC Trinkaus & Burkhardt AG 7.80 9/28/2018 EUR 65.66
BNP Paribas Emissions- und Ha 5.00 3/21/2019 EUR 76.09
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 75.54
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 76.22
Deutsche Bank AG 6.20 12/27/2018 EUR 70.80
Deutsche Bank AG 5.20 6/19/2018 EUR 65.60
EFG International Finance Gue 8.40 8/23/2018 USD 59.73
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 71.86
Bank Julius Baer & Co Ltd/Gue 7.20 2/13/2019 CHF 67.95
EFG International Finance Gue 8.00 4/21/2020 USD 60.79
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 73.13
DZ Bank AG Deutsche Zentral-G 5.20 6/18/2018 EUR 68.01
DZ Bank AG Deutsche Zentral-G 5.00 12/28/2018 EUR 65.80
Vontobel Financial Products G 11.00 1/2/2019 EUR 74.22
DZ Bank AG Deutsche Zentral-G 6.50 6/18/2018 EUR 65.19
Deutsche Bank AG 7.20 6/19/2018 EUR 67.50
DZ Bank AG Deutsche Zentral-G 6.50 6/22/2018 EUR 69.45
UniCredit Bank AG 14.60 1/4/2019 EUR 70.55
Vontobel Financial Products G 11.90 6/8/2018 EUR 59.01
BNP Paribas Emissions- und Ha 8.50 12/31/2018 EUR 71.30
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 72.62
UniCredit Bank AG 8.20 9/28/2018 EUR 52.31
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 64.89
UniCredit Bank AG 13.00 1/4/2019 EUR 74.91
BNP Paribas Emissions- und Ha 11.00 6/21/2018 EUR 68.39
UniCredit Bank AG 12.00 1/4/2019 EUR 48.95
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 71.21
UniCredit Bank AG 11.50 1/4/2019 EUR 67.77
Raiffeisen Schweiz Genossensc 9.20 2/12/2019 CHF 64.20
UniCredit Bank AG 6.00 9/28/2018 EUR 4.54
UniCredit Bank AG 8.90 9/28/2018 EUR 75.93
UniCredit Bank AG 13.60 9/28/2018 EUR 69.75
UniCredit Bank AG 14.90 9/28/2018 EUR 72.61
UniCredit Bank AG 14.90 1/4/2019 EUR 60.64
HSBC Trinkaus & Burkhardt AG 7.60 8/24/2018 EUR 45.89
Commerzbank AG 6.00 8/24/2018 EUR 50.63
Leonteq Securities AG/Guernse 10.00 12/19/2018 CHF 45.97
Commerzbank AG 11.50 7/27/2018 EUR 72.68
Commerzbank AG 13.75 6/22/2018 EUR 74.66
HSBC Trinkaus & Burkhardt AG 3.40 6/22/2018 EUR 59.11
HSBC Trinkaus & Burkhardt AG 3.90 9/28/2018 EUR 60.12
HSBC Trinkaus & Burkhardt AG 7.80 7/27/2018 EUR 49.35
Goldman Sachs & Co Wertpapier 21.00 6/20/2018 EUR 66.70
DZ Bank AG Deutsche Zentral-G 5.00 6/18/2018 EUR 65.47
DZ Bank AG Deutsche Zentral-G 7.50 1/2/2019 EUR 65.50
DZ Bank AG Deutsche Zentral-G 10.30 1/2/2019 EUR 62.47
Deutsche Bank AG 5.20 6/19/2018 EUR 63.20
DZ Bank AG Deutsche Zentral-G 7.00 6/22/2018 EUR 69.21
DZ Bank AG Deutsche Zentral-G 5.25 6/22/2018 EUR 65.29
Vontobel Financial Products G 9.00 8/24/2018 EUR 62.46
Commerzbank AG 5.00 12/21/2018 EUR 70.82
Deutsche Bank AG 7.20 6/19/2018 EUR 60.60
Deutsche Bank AG 6.20 6/19/2018 EUR 63.50
Deutsche Bank AG 5.50 6/19/2018 EUR 71.10
Deutsche Bank AG 5.50 12/27/2018 EUR 73.90
Vontobel Financial Products G 10.50 6/22/2018 EUR 72.81
Vontobel Financial Products G 6.00 6/22/2018 EUR 63.54
Deutsche Bank AG 7.20 6/19/2018 EUR 66.90
DZ Bank AG Deutsche Zentral-G 10.25 6/22/2018 EUR 61.73
DZ Bank AG Deutsche Zentral-G 13.50 8/24/2018 EUR 69.04
DZ Bank AG Deutsche Zentral-G 7.25 6/22/2018 EUR 73.48
Deutsche Bank AG 6.20 6/19/2018 EUR 72.70
DZ Bank AG Deutsche Zentral-G 8.25 12/24/2018 EUR 65.80
DZ Bank AG Deutsche Zentral-G 6.25 12/24/2018 EUR 59.15
DZ Bank AG Deutsche Zentral-G 13.50 6/22/2018 EUR 66.88
Deutsche Bank AG 6.20 6/19/2018 EUR 60.50
Deutsche Bank AG 5.50 6/19/2018 EUR 73.10
Deutsche Bank AG 5.50 9/25/2018 EUR 72.60
BNP Paribas Emissions- und Ha 5.00 12/31/2018 EUR 68.88
Vontobel Financial Products G 4.00 6/22/2018 EUR 66.78
Deutsche Bank AG 7.20 9/25/2018 EUR 68.70
Deutsche Bank AG 4.20 9/25/2018 EUR 73.80
DZ Bank AG Deutsche Zentral-G 9.00 6/22/2018 EUR 71.78
Deutsche Bank AG 4.20 6/19/2018 EUR 72.60
Commerzbank AG 10.00 3/2/2020 EUR 64.76
UniCredit Bank AG 11.70 9/28/2018 EUR 67.36
UniCredit Bank AG 4.60 1/4/2019 EUR 5.14
Vontobel Financial Products G 8.90 6/8/2018 EUR 66.39
Vontobel Financial Products G 9.20 6/8/2018 EUR 63.28
Vontobel Financial Products G 4.40 6/8/2018 EUR 72.29
Deutsche Bank AG 5.20 6/19/2018 EUR 73.80
UBS AG/London 6.00 9/27/2018 EUR 69.35
DZ Bank AG Deutsche Zentral-G 8.50 6/22/2018 EUR 46.32
UBS AG/London 12.90 1/3/2019 EUR 71.28
UBS AG/London 9.20 1/3/2019 EUR 73.56
EFG International Finance Gue 8.00 3/9/2020 USD 60.47
Vontobel Financial Products G 8.00 6/22/2018 EUR 63.45
Deutsche Bank AG 7.20 6/19/2018 EUR 63.60
BNP Paribas Emissions- und Ha 5.00 3/21/2019 EUR 70.69
Vontobel Financial Products G 8.00 6/22/2018 EUR 60.62
Vontobel Financial Products G 11.00 6/22/2018 EUR 56.74
Deutsche Bank AG 6.20 9/25/2018 EUR 74.40
UniCredit Bank AG 5.00 6/29/2018 EUR 67.80
DZ Bank AG Deutsche Zentral-G 10.25 6/22/2018 EUR 75.91
Landesbank Baden-Wuerttemberg 7.00 8/24/2018 EUR 67.12
BNP Paribas Emissions- und Ha 11.00 12/31/2018 EUR 69.83
BNP Paribas Emissions- und Ha 18.00 6/21/2018 EUR 59.23
Leonteq Securities AG/Guernse 11.00 11/21/2018 CHF 71.29
DZ Bank AG Deutsche Zentral-G 4.90 6/18/2018 EUR 70.31
UBS AG/London 7.80 3/28/2019 EUR 68.87
DZ Bank AG Deutsche Zentral-G 9.50 9/28/2018 EUR 47.33
Deutsche Bank AG 7.20 6/19/2018 EUR 64.70
Deutsche Bank AG 7.20 6/19/2018 EUR 63.30
UBS AG/London 5.90 3/28/2019 EUR 71.43
Vontobel Financial Products G 8.50 9/28/2018 EUR 73.58
Vontobel Financial Products G 10.50 9/28/2018 EUR 71.39
UBS AG/London 14.40 1/3/2019 EUR 70.11
Vontobel Financial Products G 11.25 6/22/2018 EUR 63.76
DZ Bank AG Deutsche Zentral-G 5.00 6/18/2018 EUR 72.51
Raiffeisen Switzerland BV 5.00 8/14/2020 EUR 63.54
Vontobel Financial Products G 11.25 6/8/2018 EUR 61.17
Vontobel Financial Products G 12.30 6/8/2018 EUR 59.27
Vontobel Financial Products G 11.80 6/8/2018 EUR 73.75
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 70.72
Commerzbank AG 11.50 7/27/2018 EUR 42.91
Commerzbank AG 6.00 7/27/2018 EUR 67.35
Bank Julius Baer & Co Ltd/Gue 7.30 8/16/2019 USD 73.30
Commerzbank AG 13.50 11/23/2018 EUR 76.49
UniCredit Bank AG 9.30 9/28/2018 EUR 72.87
Vontobel Financial Products G 10.35 6/8/2018 EUR 62.50
UniCredit Bank AG 9.60 9/28/2018 EUR 70.56
Vontobel Financial Products G 7.50 6/8/2018 EUR 70.79
UniCredit Bank AG 10.50 9/28/2018 EUR 69.98
UniCredit Bank AG 5.70 9/28/2018 EUR 58.53
BNP Paribas Emissions- und Ha 4.50 6/21/2018 EUR 71.03
UniCredit Bank AG 10.80 9/28/2018 EUR 72.47
BNP Paribas Emissions- und Ha 8.50 6/21/2018 EUR 70.64
UniCredit Bank AG 4.70 9/28/2018 EUR 62.45
UniCredit Bank AG 14.40 1/4/2019 EUR 72.83
BNP Paribas Emissions- und Ha 7.00 6/21/2018 EUR 38.55
BNP Paribas Emissions- und Ha 11.00 12/31/2018 EUR 62.16
BNP Paribas Emissions- und Ha 12.00 12/31/2018 EUR 59.98
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 76.45
UniCredit Bank AG 13.50 1/4/2019 EUR 47.75
Bank Julius Baer & Co Ltd/Gue 10.00 10/24/2018 USD 63.20
Vontobel Financial Products G 7.50 1/2/2019 EUR 76.78
HSBC Trinkaus & Burkhardt AG 7.60 10/26/2018 EUR 51.20
Raiffeisen Schweiz Genossensc 12.00 9/11/2018 CHF 59.05
Bank Julius Baer & Co Ltd/Gue 5.50 9/26/2018 CHF 54.80
Raiffeisen Centrobank AG 6.04 6/25/2019 EUR 12.90
HSBC Trinkaus & Burkhardt AG 8.70 12/28/2018 EUR 50.35
Commerzbank AG 12.75 7/27/2018 EUR 76.68
Commerzbank AG 9.25 6/22/2018 EUR 74.44
BNP Paribas Emissions- und Ha 16.00 9/27/2018 EUR 68.16
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 62.60
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 56.18
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 65.38
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 68.37
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 73.87
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 66.88
BNP Paribas Emissions- und Ha 18.00 9/27/2018 EUR 55.65
BNP Paribas Emissions- und Ha 9.00 9/27/2018 EUR 74.22
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 72.87
Vontobel Financial Products G 8.50 9/28/2018 EUR 67.51
BNP Paribas Emissions- und Ha 15.00 6/21/2018 EUR 38.76
BNP Paribas Emissions- und Ha 10.00 9/27/2018 EUR 43.18
BNP Paribas Emissions- und Ha 12.00 6/21/2018 EUR 69.83
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 75.40
BNP Paribas Emissions- und Ha 8.00 9/27/2018 EUR 75.71
BNP Paribas Emissions- und Ha 9.50 12/31/2018 EUR 67.90
BNP Paribas Emissions- und Ha 7.00 12/31/2018 EUR 77.44
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 71.66
Bank Julius Baer & Co Ltd/Gue 6.80 9/12/2018 CHF 52.80
Bank Julius Baer & Co Ltd/Gue 7.85 6/20/2019 CHF 76.40
Credit Suisse AG/London 9.00 3/19/2021 USD 9.65
DZ Bank AG Deutsche Zentral-G 6.60 6/18/2018 EUR 67.93
DZ Bank AG Deutsche Zentral-G 5.90 9/24/2018 EUR 69.41
Bank J Safra Sarasin AG/Guern 11.00 7/10/2018 CHF 68.61
UniCredit Bank AG 9.80 1/4/2019 EUR 52.54
UniCredit Bank AG 5.60 1/4/2019 EUR 76.24
UniCredit Bank AG 8.40 1/4/2019 EUR 67.89
UniCredit Bank AG 7.00 1/4/2019 EUR 71.36
UniCredit Bank AG 10.00 1/4/2019 EUR 70.81
UniCredit Bank AG 10.90 1/4/2019 EUR 69.74
UniCredit Bank AG 8.40 1/4/2019 EUR 73.31
UniCredit Bank AG 7.30 1/4/2019 EUR 70.61
UniCredit Bank AG 11.20 1/4/2019 EUR 62.57
UniCredit Bank AG 11.50 1/4/2019 EUR 66.86
UniCredit Bank AG 11.60 1/4/2019 EUR 66.07
UniCredit Bank AG 8.40 1/4/2019 EUR 70.36
UniCredit Bank AG 9.00 1/4/2019 EUR 72.43
UniCredit Bank AG 11.80 1/4/2019 EUR 68.74
UniCredit Bank AG 11.40 1/4/2019 EUR 62.41
UniCredit Bank AG 12.20 1/4/2019 EUR 61.02
UniCredit Bank AG 9.20 1/4/2019 EUR 66.16
UniCredit Bank AG 10.00 1/4/2019 EUR 68.06
UniCredit Bank AG 4.90 1/4/2019 EUR 63.56
UniCredit Bank AG 11.20 1/4/2019 EUR 50.79
DZ Bank AG Deutsche Zentral-G 7.75 7/27/2018 EUR 48.62
UniCredit Bank AG 6.80 6/22/2018 EUR 70.51
UniCredit Bank AG 5.80 6/22/2018 EUR 74.15
UniCredit Bank AG 12.40 6/22/2018 EUR 59.11
UniCredit Bank AG 14.00 6/22/2018 EUR 56.85
UniCredit Bank AG 10.80 6/22/2018 EUR 61.57
UniCredit Bank AG 9.40 6/22/2018 EUR 64.27
UniCredit Bank AG 8.10 6/22/2018 EUR 67.24
DZ Bank AG Deutsche Zentral-G 8.25 9/28/2018 EUR 55.51
UBS AG/London 6.00 1/14/2019 EUR 70.90
Credit Suisse AG/London 7.00 7/19/2018 USD 67.87
Leonteq Securities AG/Guernse 10.20 10/24/2018 USD 56.90
Deutsche Bank AG 4.20 12/27/2018 EUR 67.50
Deutsche Bank AG 4.20 12/27/2018 EUR 65.40
Deutsche Bank AG 3.20 12/27/2018 EUR 64.80
Deutsche Bank AG 4.20 6/19/2018 EUR 70.40
Deutsche Bank AG 4.20 6/19/2018 EUR 67.90
Deutsche Bank AG 3.20 6/19/2018 EUR 67.90
Deutsche Bank AG 4.20 6/19/2018 EUR 65.60
Deutsche Bank AG 3.20 6/19/2018 EUR 65.50
Deutsche Bank AG 3.20 6/19/2018 EUR 63.40
Deutsche Bank AG 4.20 6/19/2018 EUR 63.40
Deutsche Bank AG 3.20 9/25/2018 EUR 71.00
Deutsche Bank AG 4.20 9/25/2018 EUR 71.30
Deutsche Bank AG 3.20 9/25/2018 EUR 68.60
Deutsche Bank AG 4.20 9/25/2018 EUR 68.90
Deutsche Bank AG 3.20 9/25/2018 EUR 66.30
Deutsche Bank AG 4.20 9/25/2018 EUR 66.60
Deutsche Bank AG 3.20 9/25/2018 EUR 64.10
Deutsche Bank AG 4.20 9/25/2018 EUR 64.50
Deutsche Bank AG 3.20 12/27/2018 EUR 71.40
Deutsche Bank AG 3.20 12/27/2018 EUR 69.10
Deutsche Bank AG 4.20 12/27/2018 EUR 69.70
Deutsche Bank AG 3.20 12/27/2018 EUR 66.90
Deutsche Bank AG 3.20 6/19/2018 EUR 70.40
Goldman Sachs & Co Wertpapier 20.00 6/20/2018 EUR 71.45
Goldman Sachs & Co Wertpapier 18.00 7/25/2018 EUR 73.31
Goldman Sachs & Co Wertpapier 17.00 8/22/2018 EUR 74.30
Goldman Sachs & Co Wertpapier 16.00 9/26/2018 EUR 75.49
Vontobel Financial Products G 7.00 7/27/2018 EUR 60.07
Zurcher Kantonalbank Finance 6.00 1/17/2019 USD 58.40
DZ Bank AG Deutsche Zentral-G 6.25 6/18/2018 EUR 56.83
DZ Bank AG Deutsche Zentral-G 4.75 9/24/2018 EUR 55.22
DZ Bank AG Deutsche Zentral-G 7.40 6/18/2018 EUR 60.42
DZ Bank AG Deutsche Zentral-G 6.10 9/24/2018 EUR 62.01
Commerzbank AG 7.00 6/22/2018 EUR 57.43
Vontobel Financial Products G 11.00 7/27/2018 EUR 58.76
Vontobel Financial Products G 5.50 9/28/2018 EUR 54.60
Vontobel Financial Products G 9.00 9/28/2018 EUR 48.16
Vontobel Financial Products G 13.00 9/28/2018 EUR 43.74
Vontobel Financial Products G 5.50 1/2/2019 EUR 55.96
Vontobel Financial Products G 8.50 1/2/2019 EUR 50.23
Vontobel Financial Products G 12.00 1/2/2019 EUR 46.58
Vontobel Financial Products G 15.50 1/2/2019 EUR 44.18
Vontobel Financial Products G 4.00 6/22/2018 EUR 56.93
Vontobel Financial Products G 5.00 6/22/2018 EUR 53.18
Vontobel Financial Products G 6.50 6/22/2018 EUR 49.94
Vontobel Financial Products G 9.50 6/22/2018 EUR 45.82
Vontobel Financial Products G 12.50 6/22/2018 EUR 42.37
Vontobel Financial Products G 14.50 6/22/2018 EUR 40.37
DZ Bank AG Deutsche Zentral-G 11.75 6/22/2018 EUR 74.81
DZ Bank AG Deutsche Zentral-G 11.00 7/27/2018 EUR 70.11
DZ Bank AG Deutsche Zentral-G 6.75 6/22/2018 EUR 73.46
DZ Bank AG Deutsche Zentral-G 10.25 6/22/2018 EUR 54.34
DZ Bank AG Deutsche Zentral-G 8.50 9/28/2018 EUR 59.36
DZ Bank AG Deutsche Zentral-G 8.75 6/22/2018 EUR 56.96
DZ Bank AG Deutsche Zentral-G 10.75 7/27/2018 EUR 57.14
Deutsche Bank AG 5.20 12/27/2018 EUR 68.00
Deutsche Bank AG 6.20 9/25/2018 EUR 69.50
Deutsche Bank AG 5.20 9/25/2018 EUR 66.90
Commerzbank AG 13.25 6/22/2018 EUR 40.28
Commerzbank AG 4.00 8/24/2018 EUR 59.77
Bank Julius Baer & Co Ltd/Gue 9.40 10/11/2018 USD 59.60
Commerzbank AG 12.25 7/27/2018 EUR 71.80
Raiffeisen Schweiz Genossensc 5.00 8/6/2018 CHF 72.52
Polski Bank Spoldzielczy w Ci 4.81 6/22/2021 PLN
T-Generation CJSC 12.00 6/14/2019 RUB 0.50
Spoldzielczy Bank Rozwoju 5.31 7/16/2025 PLN
Deutsche Bank AG 6.20 6/19/2018 EUR 68.00
Deutsche Bank AG 6.20 12/27/2018 EUR 68.60
Vontobel Financial Products G 6.75 1/2/2019 EUR 60.12
Goldman Sachs & Co Wertpapier 12.00 12/28/2018 EUR 72.95
Goldman Sachs & Co Wertpapier 16.00 6/20/2018 EUR 66.49
DZ Bank AG Deutsche Zentral-G 5.75 6/18/2018 EUR 58.71
DZ Bank AG Deutsche Zentral-G 8.50 3/18/2019 EUR 69.73
Deutsche Bank AG 6.20 1/23/2019 EUR 71.20
Deutsche Bank AG 6.20 2/20/2019 EUR 67.30
DZ Bank AG Deutsche Zentral-G 13.75 7/25/2018 EUR 74.34
DZ Bank AG Deutsche Zentral-G 12.25 7/25/2018 EUR 70.27
DZ Bank AG Deutsche Zentral-G 15.00 7/25/2018 EUR 74.42
Deutsche Bank AG 6.20 2/20/2019 EUR 71.50
Deutsche Bank AG 6.20 2/20/2019 EUR 67.30
HSBC Trinkaus & Burkhardt AG 10.70 9/28/2018 EUR 45.27
HSBC Trinkaus & Burkhardt AG 5.80 9/28/2018 EUR 54.87
HSBC Trinkaus & Burkhardt AG 9.70 7/27/2018 EUR 45.61
Commerzbank AG 11.00 11/23/2018 EUR 71.51
Commerzbank AG 12.00 11/23/2018 EUR 70.30
HSBC Trinkaus & Burkhardt AG 8.50 9/28/2018 EUR 68.16
HSBC Trinkaus & Burkhardt AG 7.40 12/28/2018 EUR 71.71
Commerzbank AG 16.25 8/24/2018 EUR 65.28
Commerzbank AG 12.50 10/26/2018 EUR 69.31
DZ Bank AG Deutsche Zentral-G 4.75 6/18/2018 EUR 61.50
DZ Bank AG Deutsche Zentral-G 7.25 9/24/2018 EUR 65.59
DZ Bank AG Deutsche Zentral-G 6.25 3/18/2019 EUR 66.91
Commerzbank AG 14.00 6/22/2018 EUR 40.35
Deutsche Bank AG 6.20 2/20/2019 EUR 74.60
Zurcher Kantonalbank Finance 7.50 7/6/2018 CHF 58.72
Deutsche Bank AG 6.20 1/23/2019 EUR 66.90
Deutsche Bank AG 6.20 2/20/2019 EUR 71.50
Credit Suisse AG/London 7.00 10/9/2018 USD 68.55
Vontobel Financial Products G 8.00 11/23/2018 EUR 64.97
Bank Julius Baer & Co Ltd/Gue 5.60 7/6/2018 EUR 68.10
Deutsche Bank AG 6.20 2/20/2019 EUR 74.60
HSBC Trinkaus & Burkhardt AG 8.10 9/28/2018 EUR 49.40
Commerzbank AG 14.00 11/23/2018 EUR 68.19
Commerzbank AG 13.50 1/2/2019 EUR 69.32
HSBC Trinkaus & Burkhardt AG 10.30 9/28/2018 EUR 64.54
Commerzbank AG 17.25 7/27/2018 EUR 64.27
Commerzbank AG 15.25 9/28/2018 EUR 66.43
Commerzbank AG 14.50 10/26/2018 EUR 67.40
HSBC Trinkaus & Burkhardt AG 10.50 3/22/2019 EUR 71.29
HSBC Trinkaus & Burkhardt AG 6.70 9/28/2018 EUR 68.85
HSBC Trinkaus & Burkhardt AG 6.40 3/22/2019 EUR 69.51
HSBC Trinkaus & Burkhardt AG 3.50 10/26/2018 EUR 73.63
HSBC Trinkaus & Burkhardt AG 3.40 11/23/2018 EUR 73.56
HSBC Trinkaus & Burkhardt AG 3.50 2/23/2019 EUR 73.93
HSBC Trinkaus & Burkhardt AG 5.40 9/28/2018 EUR 72.83
Zurcher Kantonalbank Finance 9.50 7/13/2018 CHF 65.57
DZ Bank AG Deutsche Zentral-G 7.25 6/18/2018 EUR 62.62
Deutsche Bank AG 5.20 6/19/2018 EUR 70.50
Deutsche Bank AG 5.20 9/25/2018 EUR 69.20
Commerzbank AG 3.25 10/26/2018 EUR 57.21
Vontobel Financial Products G 8.55 9/28/2018 EUR 70.12
Vontobel Financial Products G 14.00 9/28/2018 EUR 65.31
Vontobel Financial Products G 10.50 1/2/2019 EUR 69.01
Vontobel Financial Products G 13.50 1/2/2019 EUR 66.86
Deutsche Bank AG 5.20 7/25/2018 EUR 71.00
BNP Paribas Emissions- und Ha 13.00 9/27/2018 EUR 39.60
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 43.32
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 69.67
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 69.97
BNP Paribas Emissions- und Ha 12.00 9/27/2018 EUR 73.02
DZ Bank AG Deutsche Zentral-G 6.25 12/28/2018 EUR 66.92
Bank Julius Baer & Co Ltd/Gue 14.10 1/24/2019 USD 68.45
Commerzbank AG 15.00 8/24/2018 EUR 73.47
Commerzbank AG 15.75 7/27/2018 EUR 71.70
Bank Julius Baer & Co Ltd/Gue 6.45 7/13/2018 USD 60.05
BNP Paribas Emissions- und Ha 16.00 6/21/2018 EUR 74.05
BNP Paribas Emissions- und Ha 14.00 6/21/2018 EUR 59.07
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 69.71
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 68.23
Bank Julius Baer & Co Ltd/Gue 9.10 8/6/2018 USD 51.85
BNP Paribas Emissions- und Ha 11.00 12/31/2018 EUR 71.42
BNP Paribas Emissions- und Ha 12.00 12/31/2018 EUR 69.89
BNP Paribas Emissions- und Ha 7.00 9/27/2018 EUR 71.28
BNP Paribas Emissions- und Ha 8.00 9/27/2018 EUR 71.59
BNP Paribas Emissions- und Ha 7.50 12/31/2018 EUR 72.33
BNP Paribas Emissions- und Ha 9.00 12/31/2018 EUR 71.08
Landesbank Baden-Wuerttemberg 7.00 11/23/2018 EUR 74.33
DZ Bank AG Deutsche Zentral-G 11.00 2/20/2019 EUR 63.36
UBS AG/London 14.50 7/31/2019 USD 70.95
Vontobel Financial Products G 10.70 9/14/2018 EUR 71.19
Vontobel Financial Products G 13.20 9/14/2018 EUR 69.48
Vontobel Financial Products G 11.05 12/14/2018 EUR 71.43
Vontobel Financial Products G 12.95 12/14/2018 EUR 70.22
Vontobel Financial Products G 10.50 9/21/2018 EUR 64.06
Vontobel Financial Products G 12.10 3/8/2019 EUR 64.51
Vontobel Financial Products G 5.80 3/8/2019 EUR 71.32
Vontobel Financial Products G 7.75 3/8/2019 EUR 68.55
Vontobel Financial Products G 9.80 3/8/2019 EUR 66.29
Commerzbank AG 12.75 8/24/2018 EUR 71.82
Commerzbank AG 11.50 9/28/2018 EUR 72.79
Commerzbank AG 11.00 10/26/2018 EUR 73.28
Commerzbank AG 12.75 8/24/2018 EUR 72.34
Commerzbank AG 13.75 8/24/2018 EUR 71.59
Commerzbank AG 9.50 11/23/2018 EUR 76.18
Commerzbank AG 12.50 11/23/2018 EUR 73.29
BNP Paribas Emissions- und Ha 5.00 3/21/2019 EUR 70.88
BNP Paribas Emissions- und Ha 6.00 3/21/2019 EUR 68.85
BNP Paribas Emissions- und Ha 7.00 3/21/2019 EUR 67.01
BNP Paribas Emissions- und Ha 8.50 3/21/2019 EUR 65.75
BNP Paribas Emissions- und Ha 5.50 9/26/2019 EUR 73.45
BNP Paribas Emissions- und Ha 5.00 6/27/2019 EUR 72.82
Deutsche Bank AG 4.20 9/24/2019 EUR 74.60
Deutsche Bank AG 4.20 12/24/2019 EUR 75.10
Deutsche Bank AG 4.20 12/27/2018 EUR 76.40
Deutsche Bank AG 6.20 12/27/2018 EUR 75.00
Deutsche Bank AG 4.20 12/27/2018 EUR 73.80
Deutsche Bank AG 4.20 3/19/2019 EUR 74.30
Deutsche Bank AG 4.20 6/25/2019 EUR 76.50
Deutsche Bank AG 4.20 6/25/2019 EUR 74.10
Delta-Finance OOO 10.00 12/17/2020 RUB 1.00
Landesbank Baden-Wuerttemberg 2.80 11/23/2018 EUR 65.74
DekaBank Deutsche Girozentral 3.50 10/28/2019 EUR 42.32
DZ Bank AG Deutsche Zentral-G 10.50 6/22/2018 EUR 54.35
DZ Bank AG Deutsche Zentral-G 6.50 6/22/2018 EUR 68.82
Vontobel Financial Products G 11.50 9/28/2018 EUR 73.12
Deutsche Bank AG 2.70 6/19/2018 EUR 59.40
Deutsche Bank AG 2.70 9/25/2018 EUR 68.40
Deutsche Bank AG 2.70 12/27/2018 EUR 60.60
Deutsche Bank AG 10.00 6/19/2018 EUR 67.10
Leonteq Securities AG/Guernse 10.00 1/30/2019 CHF 56.53
Vontobel Financial Products G 7.50 9/28/2018 EUR 68.89
Vontobel Financial Products G 6.00 6/22/2018 EUR 68.68
DZ Bank AG Deutsche Zentral-G 8.70 6/18/2018 EUR 58.72
DZ Bank AG Deutsche Zentral-G 6.10 9/24/2018 EUR 64.04
Vontobel Financial Products G 8.50 6/22/2018 EUR 67.45
Raiffeisen Schweiz Genossensc 10.70 6/6/2018 CHF 62.31
Vontobel Financial Products G 11.00 6/22/2018 EUR 75.87
Vontobel Financial Products G 9.00 9/28/2018 EUR 72.41
DZ Bank AG Deutsche Zentral-G 4.75 9/24/2018 EUR 54.35
DZ Bank AG Deutsche Zentral-G 7.50 9/24/2018 EUR 55.09
DZ Bank AG Deutsche Zentral-G 6.25 12/24/2018 EUR 61.06
DZ Bank AG Deutsche Zentral-G 5.50 12/24/2018 EUR 58.73
DZ Bank AG Deutsche Zentral-G 5.25 9/24/2018 EUR 59.22
DZ Bank AG Deutsche Zentral-G 6.50 3/18/2019 EUR 59.74
DZ Bank AG Deutsche Zentral-G 8.50 12/24/2018 EUR 57.51
DZ Bank AG Deutsche Zentral-G 5.25 3/18/2019 EUR 59.69
UBS AG/London 8.25 7/4/2019 EUR 69.20
Landesbank Baden-Wuerttemberg 6.00 1/24/2020 EUR 70.84
Deutsche Bank AG 5.20 6/19/2018 EUR 70.80
Deutsche Bank AG 7.20 6/19/2018 EUR 62.40
Deutsche Bank AG 5.20 6/19/2018 EUR 62.30
BNP Paribas Emissions- und Ha 4.00 12/31/2018 EUR 64.60
BNP Paribas Emissions- und Ha 6.00 12/31/2018 EUR 65.74
UniCredit Bank AG 5.00 6/25/2019 EUR 37.03
UniCredit Bank AG 3.75 10/2/2020 EUR 42.83
UniCredit Bank AG 4.60 7/2/2018 EUR 33.24
Landesbank Hessen-Thueringen 4.00 4/30/2019 EUR 38.03
Landesbank Baden-Wuerttemberg 3.00 8/24/2018 EUR 56.14
Landesbank Baden-Wuerttemberg 3.20 7/27/2018 EUR 55.32
Landesbank Baden-Wuerttemberg 3.00 6/28/2019 EUR 45.52
Landesbank Baden-Wuerttemberg 3.35 6/22/2018 EUR 66.62
Leonteq Securities AG 5.00 5/7/2019 CHF 71.70
DekaBank Deutsche Girozentral 2.75 10/29/2018 EUR 34.12
Landesbank Baden-Wuerttemberg 4.00 6/22/2018 EUR 39.34
Raiffeisen Schweiz Genossensc 4.20 5/22/2019 CHF 72.04
Landesbank Baden-Wuerttemberg 3.00 7/26/2019 EUR 51.61
Bayerische Landesbank 2.90 6/22/2018 EUR 44.87
Raiffeisen Schweiz Genossensc 4.30 6/5/2019 CHF 72.39
Landesbank Baden-Wuerttemberg 3.50 7/27/2018 EUR 40.10
Landesbank Baden-Wuerttemberg 3.85 6/22/2018 EUR 75.17
EFG International Finance Gue 5.30 6/24/2019 EUR 49.19
UniCredit Bank AG 3.50 1/29/2020 EUR 48.49
UniCredit Bank AG 3.50 12/19/2019 EUR 52.03
Raiffeisen Schweiz Genossensc 10.00 12/31/2024 CHF 72.31
DekaBank Deutsche Girozentral 3.00 1/7/2019 EUR 67.78
UniCredit Bank AG 3.75 9/7/2020 EUR 45.00
Deutsche Bank AG 4.20 6/19/2018 EUR 70.80
EFG International Finance Gue 8.50 2/27/2019 USD 53.95
EFG International Finance Gue 6.21 7/22/2019 EUR 48.46
Landesbank Baden-Wuerttemberg 2.60 8/23/2019 EUR 48.10
Vontobel Financial Products G 8.00 6/22/2018 EUR 71.21
Vontobel Financial Products G 9.00 6/22/2018 EUR 66.84
Vontobel Financial Products G 12.00 6/22/2018 EUR 59.56
Landesbank Hessen-Thueringen 4.35 2/24/2023 EUR 72.03
BNP Paribas Emissions- und Ha 6.50 6/21/2018 EUR 70.56
BNP Paribas Emissions- und Ha 5.00 12/31/2018 EUR 74.83
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 69.85
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 70.58
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 62.32
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 40.56
Deutsche Bank AG 10.20 6/19/2018 EUR 67.00
Landesbank Baden-Wuerttemberg 9.00 7/27/2018 EUR 70.12
Vontobel Financial Products G 14.50 6/22/2018 EUR 70.28
BNP Paribas Emissions- und Ha 10.00 12/31/2018 EUR 62.79
Deutsche Bank AG 7.20 6/19/2018 EUR 70.90
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 65.22
BNP Paribas Emissions- und Ha 9.00 6/21/2018 EUR 42.61
Vontobel Financial Products G 8.00 12/7/2018 EUR 70.01
Deutsche Bank AG 10.20 6/19/2018 EUR 59.50
HSBC Trinkaus & Burkhardt AG 9.10 6/22/2018 EUR 66.98
Vontobel Financial Products G 12.00 6/22/2018 EUR 74.04
Leonteq Securities AG 8.40 9/27/2018 USD 51.00
HSBC Trinkaus & Burkhardt AG 9.30 6/22/2018 EUR 69.13
Leonteq Securities AG 10.00 7/27/2018 EUR 65.73
Vontobel Financial Products G 10.50 6/22/2018 EUR 63.02
HSBC Trinkaus & Burkhardt AG 4.02 7/27/2018 EUR 75.16
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 46.08
BNP Paribas Emissions- und Ha 9.50 12/31/2018 EUR 65.61
BNP Paribas Emissions- und Ha 8.50 6/21/2018 EUR 66.94
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 59.49
BNP Paribas Emissions- und Ha 8.00 6/21/2018 EUR 73.84
BNP Paribas Emissions- und Ha 9.50 6/21/2018 EUR 71.40
BNP Paribas Emissions- und Ha 13.00 6/21/2018 EUR 36.26
DekaBank Deutsche Girozentral 2.75 7/17/2019 EUR 47.67
Landesbank Hessen-Thueringen 4.00 10/14/2020 EUR 74.08
Credit Suisse AG/London 7.00 12/11/2019 USD 9.43
Leonteq Securities AG 8.40 9/6/2018 USD 46.66
Landesbank Baden-Wuerttemberg 2.50 8/24/2018 EUR 75.03
Polski Bank Spoldzielczy w Ci 4.78 11/26/2024 PLN 60.00
Rosselkhozbank JSC 17.00 12/13/2024 RUB 63.64
VEB-Leasing OAO 8.71 2/20/2025 RUB 61.61
Deutsche Bank AG 6.20 6/19/2018 EUR 63.26
BNP Paribas Emissions- und Ha 8.00 12/31/2018 EUR 67.74
BNP Paribas Emissions- und Ha 5.50 6/21/2018 EUR 74.65
BNP Paribas Emissions- und Ha 6.00 6/21/2018 EUR 72.55
BNP Paribas Emissions- und Ha 10.00 6/21/2018 EUR 63.68
UBS AG/London 5.00 8/6/2018 CHF 74.05
Landesbank Baden-Wuerttemberg 3.40 9/28/2018 EUR 43.78
Raiffeisen Schweiz Genossensc 4.20 7/17/2019 CHF 73.10
Zurcher Kantonalbank Finance 6.51 10/5/2018 CHF 42.92
Goldman Sachs & Co Wertpapier 13.00 6/20/2018 EUR 69.86
Leonteq Securities AG 8.20 10/17/2018 USD 52.02
Leonteq Securities AG 5.20 8/14/2018 CHF 72.33
Deutsche Bank AG/London 2.00 6/6/2018 EUR 50.80
UniCredit Bank AG 4.00 6/26/2018 EUR 32.34
Araratbank OJSC 7.00 6/18/2019 USD 25.91
Leonteq Securities AG 10.20 10/24/2018 EUR 60.52
Landesbank Baden-Wuerttemberg 2.90 7/27/2018 EUR 44.85
Leonteq Securities AG 5.00 9/4/2018 CHF 64.13
UniCredit Bank AG 4.10 10/1/2020 EUR 55.43
Raiffeisen Schweiz Genossensc 4.00 7/24/2019 CHF 73.20
Landesbank Baden-Wuerttemberg 3.00 9/27/2019 EUR 57.14
Landesbank Baden-Wuerttemberg 3.15 6/22/2018 EUR 42.16
Zurcher Kantonalbank Finance 7.82 8/6/2018 EUR 53.31
Landesbank Baden-Wuerttemberg 3.00 6/22/2018 EUR 67.15
Landesbank Baden-Wuerttemberg 3.35 11/23/2018 EUR 55.68
Lehman Brothers Treasury Co B 5.20 3/19/2018 EUR 2.57
HSBC Bank PLC 0.50 12/8/2026 AUD 73.47
Lehman Brothers Treasury Co B 7.00 2/15/2012 EUR 2.57
Lehman Brothers Treasury Co B 4.69 2/19/2017 EUR 2.57
HSBC Bank PLC 0.50 1/29/2027 NZD 74.94
Kommunalbanken AS 5.00 9/8/2022 TRY 68.54
Lehman Brothers Treasury Co B 4.00 5/17/2010 USD 2.57
Lehman Brothers Treasury Co B 7.50 6/15/2017 USD 2.57
Lehman Brothers Treasury Co B 2.48 5/12/2009 USD 2.57
Lehman Brothers Treasury Co B 2.25 5/12/2009 USD 2.57
Lehman Brothers Treasury Co B 2.37 7/15/2013 USD 2.57
Kaupthing ehf 7.50 12/5/2014 ISK 0.25
Lehman Brothers Treasury Co B 11.25 12/31/2008 USD 2.57
Societe Generale SA 0.50 5/22/2024 MXN 59.08
Oberbank AG 7.40 EUR 69.08
Otkritie Holding JSC 12.14 10/3/2036 RUB 13.25
Lehman Brothers Treasury Co B 3.00 9/12/2036 JPY 6.00
Lehman Brothers Treasury Co B 1.95 11/4/2013 EUR 2.57
Lehman Brothers Treasury Co B 6.70 4/21/2011 USD 2.57
Landes-Hypothekenbank Steierm 0.02 3/7/2043 EUR 72.65
Lehman Brothers Treasury Co B 14.90 9/15/2008 EUR 2.57
Societe Generale SA 1.66 8/29/2034 USD 63.13
Lehman Brothers Treasury Co B 6.00 2/14/2012 EUR 2.57
Lehman Brothers Treasury Co B 4.10 2/19/2010 EUR 2.57
Lehman Brothers Treasury Co B 6.60 2/22/2012 EUR 2.57
Lehman Brothers Treasury Co B 6.00 5/12/2017 EUR 2.57
Lehman Brothers Treasury Co B 7.50 5/2/2017 EUR 2.57
Lehman Brothers Treasury Co B 0.25 10/19/2012 CHF 2.57
BELLAGIO Holding GmbH 1.91 EUR 49.11
Lehman Brothers Treasury Co B 13.50 11/28/2008 USD 2.57
Lehman Brothers Treasury Co B 4.00 5/30/2010 USD 2.57
Lehman Brothers Treasury Co B 3.50 10/24/2011 USD 2.57
Lehman Brothers Treasury Co B 1.68 3/5/2015 EUR 2.57
Lehman Brothers Treasury Co B 6.75 4/5/2012 EUR 2.57
Lehman Brothers Treasury Co B 10.00 2/16/2009 CHF 2.57
Lehman Brothers Treasury Co B 8.00 3/21/2018 USD 2.57
Lehman Brothers Treasury Co B 4.00 3/10/2011 EUR 2.57
Lehman Brothers Treasury Co B 11.75 3/1/2010 EUR 2.57
Lehman Brothers Treasury Co B 1.00 2/26/2010 USD 2.57
Lehman Brothers Treasury Co B 1.46 2/19/2012 JPY 6.00
Lehman Brothers Treasury Co B 4.00 8/11/2010 USD 6.00
Lehman Brothers Treasury Co B 2.30 6/6/2013 USD 2.57
Lehman Brothers Treasury Co B 7.50 5/30/2010 AUD 2.57
Lehman Brothers Treasury Co B 11.00 5/9/2020 USD 2.57
Lehman Brothers Treasury Co B 4.30 6/4/2012 USD 2.57
Lehman Brothers Treasury Co B 4.00 6/5/2011 USD 2.57
Digital Invest OOO 7.35 4/21/2020 RUB 0.14
Lehman Brothers Treasury Co B 8.60 7/31/2013 GBP 2.57
Barclays Bank PLC 1.99 12/1/2040 USD 74.11
Lehman Brothers Treasury Co B 8.88 1/28/2011 HKD 6.00
Lehman Brothers Treasury Co B 16.80 8/21/2009 USD 2.57
Digital Invest OOO 7.35 4/7/2021 RUB 0.14
Lehman Brothers Treasury Co B 7.50 7/31/2013 GBP 2.57
Lehman Brothers Treasury Co B 8.28 7/31/2013 GBP 2.57
Lehman Brothers Treasury Co B 7.32 7/31/2013 GBP 2.57
Lehman Brothers Treasury Co B 5.00 3/13/2009 EUR 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 AUD 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 AUD 2.57
Lehman Brothers Treasury Co B 8.00 12/31/2010 USD 2.57
HSBC Bank PLC 0.50 4/27/2027 NZD 74.35
Lehman Brothers Treasury Co B 5.50 4/23/2014 EUR 2.57
Lehman Brothers Treasury Co B 10.00 10/23/2008 USD 2.57
Lehman Brothers Treasury Co B 6.60 5/23/2012 AUD 2.57
Lehman Brothers Treasury Co B 8.00 10/17/2014 EUR 2.57
Lehman Brothers Treasury Co B 4.60 8/1/2013 EUR 2.57
Lehman Brothers Treasury Co B 15.00 6/4/2009 CHF 2.57
Lehman Brothers Treasury Co B 10.44 11/22/2008 CHF 2.57
Lehman Brothers Treasury Co B 16.00 11/9/2008 USD 2.57
Lehman Brothers Treasury Co B 10.00 5/22/2009 USD 2.57
Lehman Brothers Treasury Co B 7.60 1/31/2013 AUD 2.57
Lehman Brothers Treasury Co B 1.00 5/9/2012 EUR 2.57
Lehman Brothers Treasury Co B 10.60 4/22/2014 MXN 2.57
Lehman Brothers Treasury Co B 16.20 5/14/2009 USD 2.57
Lehman Brothers Treasury Co B 5.00 2/15/2018 EUR 2.57
Lehman Brothers Treasury Co B 9.00 5/6/2011 CHF 2.57
Lehman Brothers Treasury Co B 3.45 5/23/2013 USD 2.57
Lehman Brothers Treasury Co B 16.00 10/28/2008 USD 2.57
Lehman Brothers Treasury Co B 10.00 10/22/2008 USD 2.57
Lehman Brothers Treasury Co B 6.00 12/30/2017 EUR 2.57
Lehman Brothers Treasury Co B 4.10 6/10/2014 SGD 6.00
Digital Invest OOO 7.35 10/22/2020 RUB 0.12
Lehman Brothers Treasury Co B 7.15 3/21/2013 USD 2.57
Lehman Brothers Treasury Co B 7.05 4/8/2015 USD 2.57
Lehman Brothers Treasury Co B 4.00 10/12/2010 USD 2.57
Lehman Brothers Treasury Co B 1.50 10/12/2010 EUR 2.57
Lehman Brothers Treasury Co B 7.00 10/22/2010 EUR 2.57
Lehman Brothers Treasury Co B 8.00 10/23/2008 USD 2.57
Lehman Brothers Treasury Co B 10.00 8/2/2037 JPY 2.57
Lehman Brothers Treasury Co B 6.25 11/30/2012 EUR 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 AUD 6.00
Lehman Brothers Treasury Co B 0.50 12/20/2017 AUD 2.57
Digital Invest OOO 9.08 3/8/2021 RUB 0.14
Lehman Brothers Treasury Co B 11.00 12/20/2017 AUD 2.57
Lehman Brothers Treasury Co B 4.00 1/4/2011 USD 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 AUD 2.57
Lehman Brothers Treasury Co B 8.80 12/27/2009 EUR 2.57
Digital Invest OOO 7.35 11/3/2020 RUB 0.14
Lehman Brothers Treasury Co B 3.50 6/20/2011 EUR 2.57
Lehman Brothers Treasury Co B 6.00 3/4/2015 USD 2.57
Lehman Brothers Treasury Co B 7.80 3/31/2018 USD 2.57
Lehman Brothers Treasury Co B 8.00 3/19/2012 USD 2.57
Lehman Brothers Treasury Co B 13.00 7/25/2012 EUR 2.57
Lehman Brothers Treasury Co B 4.60 11/9/2011 EUR 6.00
Lehman Brothers Treasury Co B 7.00 2/15/2010 CHF 2.57
Lehman Brothers Treasury Co B 6.30 12/21/2018 USD 2.57
Lehman Brothers Treasury Co B 11.00 2/16/2009 CHF 2.57
Lehman Brothers Treasury Co B 8.05 12/20/2010 HKD 2.57
Lehman Brothers Treasury Co B 11.00 7/4/2011 USD 2.57
Lehman Brothers Treasury Co B 7.63 7/22/2011 HKD 2.57
Lehman Brothers Treasury Co B 6.60 2/9/2009 EUR 2.57
Lehman Brothers Treasury Co B 7.06 12/29/2008 EUR 2.57
Bank ZENIT PJSC 7.50 11/20/2025 RUB 50.08
Lehman Brothers Treasury Co B 6.72 12/29/2008 EUR 2.57
Lehman Brothers Treasury Co B 13.43 1/8/2009 ILS 2.57
Lehman Brothers Treasury Co B 13.50 6/2/2009 USD 2.57
Lehman Brothers Treasury Co B 17.00 6/2/2009 USD 2.57
Delta Credit Bank JSC 10.57 3/30/2019 RUB 63.08
Lehman Brothers Treasury Co B 12.40 6/12/2009 USD 2.57
Lehman Brothers Treasury Co B 3.10 6/4/2010 USD 2.57
Lehman Brothers Treasury Co B 7.75 1/3/2012 AUD 2.57
Lehman Brothers Treasury Co B 16.00 12/26/2008 USD 2.57
Lehman Brothers Treasury Co B 12.22 11/21/2017 USD 2.57
Lehman Brothers Treasury Co B 4.80 11/16/2012 HKD 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 USD 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 USD 2.57
Lehman Brothers Treasury Co B 6.00 6/21/2011 EUR 2.57
Lehman Brothers Treasury Co B 5.50 11/30/2012 CZK 2.57
Lehman Brothers Treasury Co B 3.40 9/21/2009 HKD 2.57
Lehman Brothers Treasury Co B 0.50 12/20/2017 USD 2.57
Lehman Brothers Treasury Co B 11.00 12/20/2017 AUD 2.57
Lehman Brothers Treasury Co B 6.25 9/5/2011 EUR 2.57
Lehman Brothers Treasury Co B 14.10 11/12/2008 USD 2.57
Otkritie Holding JSC 11.50 7/23/2029 RUB 13.25
Lehman Brothers Treasury Co B 6.00 8/7/2013 EUR 2.57
Digital Invest OOO 7.35 4/9/2021 RUB 0.17
LBI HF 8.65 5/1/2011 ISK 8.25
Lehman Brothers Treasury Co B 7.39 5/4/2017 USD 2.57
Lehman Brothers Treasury Co B 4.50 5/2/2017 EUR 6.00
Lehman Brothers Treasury Co B 0.80 12/30/2016 EUR 2.57
Lehman Brothers Treasury Co B 14.90 11/16/2010 EUR 2.57
Lehman Brothers Treasury Co B 2.00 6/21/2011 EUR 2.57
Lehman Brothers Treasury Co B 4.25 5/15/2010 EUR 2.57
Lehman Brothers Treasury Co B 18.25 10/2/2008 USD 2.57
Leonteq Securities AG 7.00 8/22/2018 CHF 46.70
DekaBank Deutsche Girozentral 3.00 8/16/2019 EUR 63.86
Polski Bank Spoldzielczy w Ci 5.30 9/14/2027 PLN 55.01
Leonteq Securities AG 8.20 11/23/2018 USD 49.25
UniCredit Bank AG 5.00 6/21/2018 EUR 72.57
UniCredit Bank AG 4.60 6/21/2018 EUR 73.60
UniCredit Bank AG 5.40 6/21/2018 EUR 70.58
UniCredit Bank AG 5.20 6/21/2018 EUR 71.58
UniCredit Bank AG 4.80 6/21/2018 EUR 73.08
UniCredit Bank AG 5.60 6/21/2018 EUR 69.63
UniCredit Bank AG 5.80 6/21/2018 EUR 68.70
BNP Paribas Emissions- und Ha 3.00 10/12/2018 EUR 44.08
UniCredit Bank AG 4.40 6/21/2018 EUR 74.67
DekaBank Deutsche Girozentral 2.60 10/12/2018 EUR 51.67
Landesbank Baden-Wuerttemberg 3.00 11/23/2018 EUR 62.72
Leonteq Securities AG 7.00 10/23/2018 CHF 71.28
Landesbank Baden-Wuerttemberg 3.00 8/24/2018 EUR 72.61
Goldman Sachs & Co Wertpapier 15.00 6/20/2018 EUR 71.30
UniCredit Bank AG 4.40 12/17/2019 EUR 72.84
Lehman Brothers Treasury Co B 6.00 3/17/2011 EUR 2.57
Lehman Brothers Treasury Co B 4.10 8/23/2010 USD 2.57
Kommunalbanken AS 4.80 12/1/2022 TRY 63.10
Lehman Brothers Treasury Co B 10.00 1/4/2010 USD 2.57
Lehman Brothers Treasury Co B 4.25 3/13/2021 EUR 2.57
Lehman Brothers Treasury Co B 5.00 9/1/2011 EUR 2.57
Lehman Brothers Treasury Co B 3.50 9/19/2017 EUR 2.57
LBI HF 2.25 2/14/2011 CHF 8.25
Lehman Brothers Treasury Co B 6.50 5/16/2015 EUR 2.57
Lehman Brothers Treasury Co B 3.00 8/15/2017 EUR 2.57
Lehman Brothers Treasury Co B 1.50 10/25/2011 EUR 2.57
Lehman Brothers Treasury Co B 8.00 8/3/2009 USD 2.57
Lehman Brothers Treasury Co B 5.50 6/15/2009 CHF 2.57
Lehman Brothers Treasury Co B 4.50 7/24/2014 EUR 2.57
Lehman Brothers Treasury Co B 7.75 1/30/2009 EUR 2.57
Lehman Brothers Treasury Co B 5.75 6/15/2009 CHF 2.57
Lehman Brothers Treasury Co B 0.01 9/20/2011 USD 2.57
Lehman Brothers Treasury Co B 10.00 3/27/2009 USD 2.57
Lehman Brothers Treasury Co B 4.50 3/6/2013 CHF 2.57
Lehman Brothers Treasury Co B 10.50 8/9/2010 EUR 2.57
Lehman Brothers Treasury Co B 8.00 5/22/2009 USD 2.57
Lehman Brothers Treasury Co B 7.00 11/28/2008 CHF 2.57
Lehman Brothers Treasury Co B 9.00 6/13/2009 USD 2.57
Lehman Brothers Treasury Co B 7.38 9/20/2008 EUR 2.57
Lehman Brothers Treasury Co B 4.05 9/16/2008 EUR 2.57
Lehman Brothers Treasury Co B 4.00 11/24/2016 EUR 2.57
Heta Asset Resolution AG 4.35 12/31/2023 EUR 34.63
Lehman Brothers Treasury Co B 4.00 10/24/2012 EUR 2.57
Lehman Brothers Treasury Co B 0.25 7/21/2014 EUR 2.57
Lehman Brothers Treasury Co B 6.00 10/24/2008 EUR 2.57
Kaupthing ehf 6.13 10/4/2016 USD 0.25
Lehman Brothers Treasury Co B 7.50 10/24/2008 USD 2.57
Lehman Brothers Treasury Co B 4.00 4/13/2011 CHF 2.57
Lehman Brothers Treasury Co B 5.00 10/24/2008 CHF 2.57
Lehman Brothers Treasury Co B 4.00 4/24/2009 USD 2.57
Lehman Brothers Treasury Co B 3.85 4/24/2009 USD 2.57
Lehman Brothers Treasury Co B 7.25 10/6/2008 EUR 2.57
Lehman Brothers Treasury Co B 9.00 3/17/2009 GBP 2.57
Lehman Brothers Treasury Co B 11.00 12/19/2011 USD 2.57
Lehman Brothers Treasury Co B 5.25 5/26/2026 EUR 2.57
Lehman Brothers Treasury Co B 3.70 6/6/2009 EUR 2.57
Lehman Brothers Treasury Co B 8.00 12/27/2032 JPY 2.57
Lehman Brothers Treasury Co B 6.50 7/24/2026 EUR 2.57
Lehman Brothers Treasury Co B 7.75 2/21/2016 EUR 2.57
Lehman Brothers Treasury Co B 5.10 6/22/2046 EUR 2.57
Lehman Brothers Treasury Co B 7.50 9/13/2009 CHF 2.57
Lehman Brothers Treasury Co B 4.50 8/2/2009 USD 2.57
Lehman Brothers Treasury Co B 8.50 7/6/2009 CHF 2.57
Lehman Brothers Treasury Co B 1.50 2/8/2012 CHF 2.57
Lehman Brothers Treasury Co B 4.70 3/23/2016 EUR 2.57
Lehman Brothers Treasury Co B 8.00 4/20/2009 EUR 2.57
Soyuz AKB OAO 9.00 6/11/2020 RUB 63.00
Lehman Brothers Treasury Co B 5.00 12/6/2011 EUR 2.57
Kommunekredit 0.50 5/11/2029 CAD 74.31
Lehman Brothers Treasury Co B 3.00 8/8/2017 EUR 2.57
Lehman Brothers Treasury Co B 4.15 8/25/2020 EUR 2.57
Lehman Brothers Treasury Co B 7.60 3/26/2009 EUR 2.57
Lehman Brothers Treasury Co B 0.75 3/29/2012 EUR 2.57
Lehman Brothers Treasury Co B 7.00 7/11/2010 EUR 2.57
Lehman Brothers Treasury Co B 5.00 8/1/2025 EUR 2.57
Lehman Brothers Treasury Co B 6.00 7/28/2010 EUR 2.57
Lehman Brothers Treasury Co B 6.00 7/28/2010 EUR 2.57
Lehman Brothers Treasury Co B 4.90 7/28/2020 EUR 2.57
Lehman Brothers Treasury Co B 7.50 8/1/2035 EUR 2.57
Lehman Brothers Treasury Co B 6.85 12/22/2008 EUR 2.57
Banca Adriatica Spa 8.00 6/30/2018 EUR 1.24
Lehman Brothers Treasury Co B 3.50 9/29/2017 EUR 2.57
Espirito Santo Financial Port 5.63 7/28/2017 EUR 4.66
Banca Adriatica Spa 7.75 6/30/2018 EUR 1.24
Lehman Brothers Treasury Co B 8.28 3/26/2009 USD 2.57
Lehman Brothers Treasury Co B 7.55 12/29/2008 USD 2.57
Goldman Sachs & Co Wertpapier 10.00 3/20/2019 EUR 63.76
Lehman Brothers Treasury Co B 4.50 3/7/2015 EUR 2.57
Lehman Brothers Treasury Co B 4.50 12/30/2010 USD 2.57
Societe Generale SA 0.02 12/31/2034 USD 63.13
Raiffeisen Centrobank AG 11.18 6/19/2018 EUR 74.24
Raiffeisen Centrobank AG 12.80 6/19/2018 EUR 73.47
Raiffeisen Centrobank AG 10.55 6/19/2018 EUR 73.22
Raiffeisen Centrobank AG 14.48 6/19/2018 EUR 73.09
Raiffeisen Centrobank AG 11.14 12/25/2018 EUR 22.40
Raiffeisen Centrobank AG 11.32 6/19/2018 EUR 17.42
Raiffeisen Centrobank AG 7.25 12/25/2018 EUR 15.10
Raiffeisen Centrobank AG 8.03 12/25/2018 EUR 73.41
SG Issuer SA 0.80 11/30/2020 SEK 47.47
SG Issuer SA 0.82 8/2/2021 SEK 51.74
Raiffeisen Centrobank AG 3.54 6/19/2018 EUR 6.61
Raiffeisen Centrobank AG 3.87 12/28/2018 EUR 63.61
Raiffeisen Centrobank AG 8.49 6/19/2018 EUR 13.53
Lehman Brothers Treasury Co B 3.50 12/20/2027 USD 2.57
Raiffeisen Centrobank AG 7.54 12/28/2018 EUR 59.71
Raiffeisen Centrobank AG 10.72 12/28/2018 EUR 57.27
Raiffeisen Centrobank AG 13.02 6/19/2018 EUR 56.66
Raiffeisen Centrobank AG 12.45 12/28/2018 EUR 66.07
Raiffeisen Centrobank AG 8.63 9/25/2018 EUR 54.88
Raiffeisen Centrobank AG 10.63 9/25/2018 EUR 55.55
Raiffeisen Centrobank AG 6.84 6/25/2019 EUR 14.93
Raiffeisen Centrobank AG 9.30 9/25/2018 EUR 67.88
Citigroup Global Markets Fund 5.60 9/15/2022 SEK 57.51
Norddeutsche Landesbank Giroz 3.00 10/30/2018 EUR 34.73
Raiffeisen Centrobank AG 12.23 6/19/2018 EUR 72.49
Raiffeisen Centrobank AG 6.22 12/25/2018 EUR 73.38
Raiffeisen Centrobank AG 12.73 6/19/2018 EUR 72.49
Raiffeisen Centrobank AG 2.33 12/25/2018 EUR 64.48
Raiffeisen Centrobank AG 4.13 12/28/2018 EUR 8.69
Raiffeisen Centrobank AG 9.32 12/25/2018 EUR 18.99
Raiffeisen Centrobank AG 3.54 6/19/2018 EUR 62.74
Raiffeisen Centrobank AG 13.79 6/19/2018 EUR 20.82
Citigroup Global Markets Fund 13.60 1/25/2023 SEK 69.19
Raiffeisen Centrobank AG 6.23 12/28/2018 EUR 46.39
Raiffeisen Centrobank AG 11.84 6/19/2018 EUR 57.63
Raiffeisen Centrobank AG 9.89 12/28/2018 EUR 58.68
Citigroup Global Markets Fund 7.00 6/16/2022 SEK 50.24
Raiffeisen Centrobank AG 10.57 12/28/2018 EUR 68.27
Raiffeisen Centrobank AG 11.68 12/28/2018 EUR 67.32
HSBC Bank PLC 0.50 2/24/2027 NZD 74.88
Raiffeisen Centrobank AG 8.33 6/25/2019 EUR 18.26
Raiffeisen Centrobank AG 8.83 6/25/2019 EUR 18.80
Commerzbank AG 4.50 12/30/2024 USD
Commerzbank AG 4.50 12/29/2022 USD
SG Issuer SA 0.80 10/21/2020 SEK 50.94
Lehman Brothers Treasury Co B 12.00 7/4/2011 EUR 2.57
Lehman Brothers Treasury Co B 9.75 6/22/2018 USD 2.57
Lehman Brothers Treasury Co B 5.50 7/8/2013 EUR 2.57
Lehman Brothers Treasury Co B 2.75 10/28/2009 EUR 2.57
Lehman Brothers Treasury Co B 3.82 10/20/2009 USD 2.57
Lehman Brothers Treasury Co B 5.50 6/22/2010 USD 6.00
Lehman Brothers Treasury Co B 6.45 2/20/2010 AUD 2.57
Lehman Brothers Treasury Co B 2.40 6/20/2011 JPY 2.57
Lehman Brothers Treasury Co B 1.60 6/21/2010 JPY 2.57
Kaupthing ehf 6.50 10/8/2010 ISK 0.25
Lehman Brothers Treasury Co B 2.30 6/27/2013 USD 2.57
Lehman Brothers Treasury Co B 4.00 12/2/2012 EUR 2.57
Lehman Brothers Treasury Co B 2.00 5/17/2010 EUR 2.57
Lehman Brothers Treasury Co B 4.00 2/28/2010 EUR 2.57
Lehman Brothers Treasury Co B 2.30 4/28/2014 JPY 2.57
Lehman Brothers Treasury Co B 5.25 4/1/2023 EUR 2.57
SG Issuer SA 0.10 6/11/2029 NZD 62.93
Lehman Brothers Treasury Co B 13.00 12/14/2012 USD 2.57
Lehman Brothers Treasury Co B 4.82 12/18/2036 EUR 2.57
AKB Peresvet ZAO 3.57 9/2/2020 RUB 18.01
Lehman Brothers Treasury Co B 3.00 6/23/2009 EUR 6.00
Lehman Brothers Treasury Co B 5.22 3/1/2024 EUR 2.57
Lehman Brothers Treasury Co B 4.68 12/12/2045 EUR 2.57
Barclays Bank PLC 1.64 6/3/2041 USD 71.06
SAir Group 2.75 7/30/2004 CHF 13.00
SAir Group 2.75 7/30/2004 CHF 13.00
Heta Asset Resolution AG 0.38 12/31/2023 EUR 34.63
LBI HF 5.08 3/1/2013 ISK 8.25
Lehman Brothers Treasury Co B 13.15 10/30/2008 USD 2.57
Lehman Brothers Treasury Co B 3.60 3/19/2018 JPY 2.57
Rio Forte Investments SA 4.75 11/10/2015 EUR 6.38
Lehman Brothers Treasury Co B 3.00 8/13/2011 EUR 2.57
Lehman Brothers Treasury Co B 9.25 6/20/2012 USD 2.57
Soyuz AKB OAO 13.00 11/22/2019 RUB 66.01
Lehman Brothers Treasury Co B 3.00 9/13/2010 JPY 6.00
*********
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.
Marites O. Claro, Rousel Elaine T. Fernandez, Joy A. Agravante,
Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.
Copyright 2018. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The TCR Europe subscription rate is US$775 per half-year,
delivered via e-mail. Additional e-mail subscriptions for
members of the same firm for the term of the initial subscription
or balance thereof are US$25 each. For subscription information,
contact Peter Chapman at 215-945-7000.
* * * End of Transmission * * *