/raid1/www/Hosts/bankrupt/TCREUR_Public/190624.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 24, 2019, Vol. 20, No. 125
Headlines
A Z E R B A I J A N
KAPITAL BANK: S&P Alters Outlook to Positive & Affirms 'BB-/B' ICRs
F R A N C E
3AB OPTIQUE: Fitch Assigns B LongTerm Issuer Default Rating
EVEREST BIDCO: Moody's Affirms B2 CFR & Alters Outlook to Negative
G E R M A N Y
ANTIN AMEDES: S&P Raises ICR to 'B' on Successful Debt Placement
RODENSTOCK GMBH: Moody's Ups Secured Credit Facilities Rating to B2
I R E L A N D
SHAMROCK RESIDENTIAL 2019-1: S&P Assigns (P)B Rating on F Notes
I T A L Y
MELILLI OUTLET: July 9 Auction Set for Commercial Complex
L A T V I A
AIR BALTIC: S&P Assigns Prelim. 'BB-' LongTerm ICR, Outlook Stable
L U X E M B O U R G
BEFESA SA: Moody's Rates EUR626MM Senior Credit Facilities 'Ba2'
N E T H E R L A N D S
MEDIARENA ACQUISITION: S&P Affirms 'CCC+' ICR, Outlook Stable
S P A I N
PAX MIDCO: S&P Assigns Prelim. 'B' Long-Term ICR, Outlook Stable
S W E D E N
OREXO AB: Egan-Jones Hikes Senior Unsecured Ratings to BB+
T U R K E Y
ISTANBUL: Moody's Lowers LongTerm Issuer Ratings to B1
U N I T E D K I N G D O M
BATHSTORE: Set to Enter Into Administration, 700 Jobs at Risk
BURY FC: Proposes Company Voluntary Arrangement to Creditors
COBRA BEER: Karan Bilimoria Has Yet to Repay Creditors
EMERALD 2 LTD: Moody's Raises CFR to B2, Outlook Stable
INEOS GROUP: Fitch Affirms BB+ LongTerm IDR, Outlook Stable
JISTCOURT: Enters Administration, 50 Jobs at Risk
LONDON CAPITAL: Police Arrests Fifth Person in Collapse Probe
MORTIMER BTL 2019-1: Moody's Lowers Class E Notes to (P)Caa1
PATISSERIE VALERIE: Five People Arrested Over Accounting Fraud
PINNACLE BIDCO: Moody's Raises CFR to B2, Outlook Stable
X X X X X X X X
[*] BOND PRICING: For the Week June 17 to June 21, 2019
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A Z E R B A I J A N
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KAPITAL BANK: S&P Alters Outlook to Positive & Affirms 'BB-/B' ICRs
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S&P Global Ratings revised its outlook on Azerbaijan-based Kapital
Bank OJSC to positive from stable and affirmed its 'BB-/B' long-
and short-term issuer credit ratings.
The outlook revision reflects S&P's view that Kapital Bank's
creditworthiness may improve in the next 12 months if it continues
to strengthen its market franchise in Azerbaijan, especially in the
retail business. This could see the bank demonstrate sustainably
high profitability and operating revenue growth, while keeping
credit costs and asset quality under control, and preserving a
sufficiently high capital buffer.
In 2018, Kapital Bank saw active lending growth, supported by the
economic recovery in Azerbaijan. The bank's loan portfolio grew by
19% over 2018, mainly driven by unsecured lending to its retail
salary clients, and it took a 20% share of retail loans in the
country. This growth was spurred by its large base of salary
clients, close ties with a number of the largest government-related
entities (GREs), and its possession of the widest geographic
footprint among banks in the country. S&P said, "We note that, over
the past four years, the bank has strengthened its market share and
now represents about 13% of systemwide assets and customer deposits
versus 6% and 4% in 2015. Along the way, the bank has sustainably
increased operating revenues and profitability, which hit a record
high in 2018 with a ROAE of 36%, compared with a 5%-7% average for
the system. In our view, high profitability reflects management's
ability to maintain a relatively high margin, improve operating
efficiency, and keep credit costs under control."
S&P said, "We expect the bank will continue expanding its retail
portfolio in the coming years, focusing primarily on salary clients
with relatively low debt. In addition, we believe Kapital Bank will
further strengthen its market leadership in system-wide retail
loans and deposits in 2019-2020. Although, the bank's lending mix
is gradually shifting toward retail loans, we believe it will also
maintain close relationships with a number of GREs, remaining their
first-choice bank for keeping funds and taking loans in case of
need. Based on this, we think that the bank's business position may
improve, benefitting its business volumes and sustainability, and
therefore leading to stronger creditworthiness.
"In our view, the bank will likely maintain a sufficiently high
capital buffer, with a risk-adjusted capital ratio remaining of
7.8%-8.0% over the next 12-18 months. We expect that loan portfolio
growth will be 20%-30% in the next two years. Furthermore, the bank
will likely maintain solid profitability, with ROAE exceeding 25%
over the forecast horizon, due to a sustainably high net interest
margin (NIM), modest credit losses, and good operational
efficiency. We expect the shareholder, PASHA Holding, will provide
Azerbaijani manat (AZN) 20 million of capital in the form of
preferred shares, following a 2018 injection of AZN40 million. At
the same time, we forecast the bank will maintain relatively high
dividend distributions, with a dividend payout ratio of close to
60%.
"Kapital Bank's asset quality is good and stronger than that of
peers in Azerbaijan. In 2018, the bank reduced nonperforming loans
(NPLs), with Stage 3 (under International Financial Reporting
Standards) loans of 4.6% at year-end 2018, down from 7.1% a year
ago. This reduction was somewhat supported by the significant
growth of new lending observed in 2019. We note Kapital Bank
weathered the economic slowdown in Azerbaijan in 2015-2016 with
fewer credit losses and NPLs than peers. Although a gradual shift
to retail loans may bring higher credit losses, we believe that
lending to primarily salary clients, good underwriting and
collection practices, and a high NIM will secure the bank's
earnings from potential volatility.
Kapital Bank's key funding and liquidity metrics remain solid. The
bank's stable funding ratio stood at 220% as of Dec. 31, 2018,
while its loan-to-deposit metric was about 46%--both much stronger
than peers'. These sound funding metrics reflect a significant
liquidity buffer, with broad liquid assets representing 56% of the
bank's total assets. The bank holds a high buffer against current
accounts of large GREs, which materially increased their balances
over the past three years. Although these balances have been stable
so far, they increase the bank's funding concentrations. S&P
therefore does not consider the bank's liquidity profile
exceptional, despite the large liquidity buffer. This takes into
account the characteristics of its funding profile and S&P's
assessment of funding and liquidity remaining neutral to the
rating.
S&P said, "The positive outlook on Kapital Bank reflects our view
that the bank's creditworthiness may strengthen over the next 12
months. This view is based on the bank's growing franchise in the
country in general, and the strengthening of its leading position
in retail in particular.
"We could raise our rating on the bank in the next 12 months if the
bank improves its market positions and further strengthens its
leadership in retail lending and deposits, exhibiting business
stability, alongside solid financial performance. A positive rating
action will be possible only if the bank maintains at least
adequate capitalization and stable asset quality.
"We could revise the outlook to stable if the bank's capital
position came under pressure, for example, due to a combination of
higher-than-expected business growth and an aggressive capital
policy by the owner. Unexpected deterioration of the bank's asset
quality or more aggressive liquidity management may also lead to a
negative rating action."
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F R A N C E
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3AB OPTIQUE: Fitch Assigns B LongTerm Issuer Default Rating
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Fitch Ratings has assigned 3AB Optique Developpement S.A.S. a
Long-Term Issuer Default Rating of 'B' with Stable Outlook. 3AB is
the key issuer and consolidating entity of the Afflelou group, a
French retail chain operating as a franchisor in the optical and
hearing aid product markets in France, Spain, Belgium and
Switzerland.
The 'B' rating reflects Afflelou's high leverage as well as a
stable operating and financial performance, and its expectation
that such resilient performance will continue over the next 12 to
18 months. Results for the financial year ended July 2018 were
broadly in line with its expectations, albeit with revenue
increasing below Fitch's previous rating case projections due to a
softer performance in like-for-like sales growth in France. The
stores network, however, confirmed the trend of constant growth
over the last eight semesters.
Leverage remains high at around 6.0x on a funds from operations
(FFO) gross basis, but well within its guidance for a 'B' rating.
Fitch expects credit metrics to remain stable with a reduction in
net indebtedness underpinned by solid cash flow generation.
Fitch has withdrawn Lion/Seneca France S.A.S.'s IDR of 'B' due to
corporate reorganisation of the Afflelou group.
KEY RATING DRIVERS
Stable Trading Performance: Fitch expects Afflelou's trading
performance to be broadly stable over the next three financial
years, with sales CAGR of about 2% and a moderate increase in
EBITDA margins based on favourable changes in product mix. For
FY18, revenue increased by about 2% and EBITDA by around 4% to
EUR78 million, slightly below Fitch's expectations of EUR81
million. The difference was caused by lower-than-expected
like-for-like performance in France and lower margins, especially
on the discounts banners network, as a result of the restructuring
of those stores.
The network's like-for-like performance has confirmed, however, a
general trend of constant moderate growth over the last eight
semesters, underpinned by a strong backbone of operations in
France. Afflelou provides franchisees with services, including
sourcing contracts and bespoke marketing and promotion activities
valid throughout the chain; it also own proprietary points of
sales.
Moderate Impact from RAC Zero: Proposed changes in reimbursement
policies in France (RAC Zero) effective 2020, forcing opticians to
make available a number of fully reimbursed glasses packages, are
likely to create a trade-down effect in customers who are otherwise
prepared to spend marginally above the reimbursement thresholds.
Management expects this to shave 2% off French like-for-like
trading, less than for discount chains, as Afflelou is protected by
a majority of clients being in the higher price segment. Fitch,
consequently, factors in weaker growth for FY20, which will be
compensated by the effect of rollout of owned and franchised stores
and improvements in revenue and margins from investment in hearing
aids.
Positive Cash Flow, No Deleverage: Fitch forecasts Afflelou's FFO
adjusted gross leverage at around 6.0x through to FY22.
Deleveraging potential is impaired by a forecasted increase in tax
expenses, which leaves the group in line with the 'B' category in
its sector. However, free cash flow (FCF) generation remains
positive, driving a reduction of indebtedness on a net basis. Fitch
forecasts post-dividends FCF margins around 6% on average for
FY19-22, supported by interest savings achieved post-refinancing as
well as low capex and working capital.
Cash Upstream More Likely: Fitch observes differences in the
investment horizons of Afflelou's shareholders. Since its IPO was
shelved in FY17 private equity investors, as opposed to the
longer-term perspective of the family and remaining institutional
investors, are likely to be evaluating exit options. While any
formal decision on a full-scale refinancing, or a partial exit from
existing equity investors will be viewed as event-driven, Fitch
currently assumes a change in the dividend policy seeking the full
utilisation of the dividend baskets available under the senior
secured notes documentation. Its rating case projections factor in
a EUR35 million one-off distribution in FY20 and annual EUR6
million disbursements thereafter.
In the meantime, Afflelou will redeem an amount equivalent to EUR10
million of its current EUR175 million floating-rate notes before
end-FY19, distributing to bondholders part of the available cash
balances. Such creditor-friendly move involves an amount equivalent
to around 2.5% of outstanding notes. Fitch expects that this will
be offset by next year's dividend distributions (if materialised)
in addition to a partial redemption of the PIK note. Its rating
case does not forecast any further debt redemptions.
Limited Headroom for Footprint Expansion: Afflelou currently
operates with a mature network of around 1,400 stores between
France, Spain and other countries. Point-of-sales rollout is key to
supporting growth, leveraging on volumes and entry fees from new
stores, but room for further organic expansion is limited. Fitch
estimates a rollout potential of about 40 stores, of which around
one third would be in France and the remainder between other
countries and in the form of hearing aids-dedicated shops.
Opportunities in new geographies (e.g. Italy) arising from more
complex M&A transactions are not part of its rating case.
Optical Chains to Outgrow Market: Most external sources forecast
the European market of optical products would grow in line with
historical rates at about 2 to 3% annually until 2023, with Italy,
France and Benelux at over 3%. Chains are expected to outperform
the market due to stronger economies of scale and increased
sophistication of service, including the increasing application of
progressive lenses. Independents, under pressure by succession and
location-related issues, are expected to lose market share while
maintaining certain niches related to territorial spots or finer
services.
Favourable Trends on Visual Correction: The aging of the population
and the diffusion of myopia due to lifestyle dynamics is expected
to increase the sample of population in need of correction by 1%
annually in Europe. Moreover the availability of more sophisticated
solutions (e.g. progressive lenses) is expected to impact
positively on the adoption of glasses and on the frequency of
replacement cycles, as the impact of surgical alternatives appears
limited. The trend is more evident for hearing aids where the
correlation between age and hearing impairment is strengthened by
increasing adoption rates.
DERIVATION SUMMARY
Afflelou's ratings reflect the group's healthcare profile of
products and a retail distribution network, which is predominantly
franchised with owned stores. The credit risk of the retail
component is mitigated by a favourable reimbursement policy for
vision products in France, covered by the state and mutual
insurance policies. This provides for greater operational stability
compared with conventional high street retailers such as Novartex
SAS (CCC-/RWN), New Look Bonds Limited (CCC+), Financiere IKKS
S.A.S. (C), who face less predictable consumer behaviour, and as a
result, are exposed to higher sales and earnings uncertainties. The
business also compares favourably with Lux Midco (Sivantos-Widex,
(B(EXP)/Stable), a supplier of hearing aids. Sivantos' wider
footprint and stronger growth prospects of hearing aids allow for a
higher leverage for the same rating.
European Optical Manufacturing S.a.r.l. (Rodenstock, B-/Stable), a
German centric lens manufacturer, also shares similar margins but
lower FCF generation in addition to a lower turnover predictability
in the medical devices component and due to the lack of direct
protection provided by reimbursement policies. This translates into
more relaxed leverage thresholds, on an FFO adjusted basis, for
Afflelou (at 5.5x- 7.0x for its B rating) relative to Rodenstock's
below 6.0x for an upgrade to 'B'.
KEY ASSUMPTIONS
- Total network sales at 2.5% CAGR for FY18-22
- Group revenue at 1.9% CAGR FY18-22
- EBITDA margin at around 21.1% FY19-22
- Capex at 3.8% of sales on average for FY19-22
- Upstream of a one-off EUR35 million dividend in 2020 and EUR6
million per year thereafter (this is Fitch's assumption as per bond
documentation basket allowance)
- Partial repayment of convertible bonds (EUR7.3 million) and
floating-rate notes (EUR10 million)
RECOVERY ASSUMPTIONS
The recovery analysis assumes that Afflelou would remain a going
concern in restructuring and that it would be reorganised rather
than liquidated. This is because intangible assets, represented by
its relationship with franchisees and suppliers, are key to the
value of the group. Fitch has assumed a 10% administrative claim in
the recovery analysis.
Its analysis assumes a 20% discount to Afflelou's 1H FY19 LTM
EBITDA of around EUR80 million, resulting in a post-restructuring
EBITDA of about EUR64 million. At this level of EBITDA, which
assumes corrective measures have been taken, Fitch would expect
Afflelou to generate moderately positive to break-even FCF. Fitch
also assumes a distressed multiple of 5.5x and a fully drawn EUR30
million revolving credit facility (RCF).
After deducting 10% for administrative claims, its waterfall
analysis generated a ranked recovery in the 'RR3' band, indicating
a 'B+' instrument rating for the outstanding senior secured notes,
and 'RR1' for the RCF. The waterfall analysis based on current
metrics and assumptions yields recoveries of 67% for the senior
secured debt and 100% for the super-senior RCF. The recovery of the
senior secured debt marginally increased from 64%, due mainly to an
increase in the assumed going-concern EBITDA.
Fitch estimates any small repayment of the senior secured notes, as
currently envisaged by Afflelou, would not change the recoveries
materially, which will remain consistent with 'RR3'.
RATING SENSITIVITIES
Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- EBITDA approaching EUR100 million as a result of network and
margin performance and lack of impact from regulatory changes
(FY18: EUR78 million)
- FFO adjusted gross leverage sustainably below 5.5x (FY18: 6.5x)
- FCF margin post-dividends of at least 5% on a sustained basis
(forecast 4.8% on average for FY20-22)
- FFO fixed charge cover sustainably above 2.5x (FY18: 2.1x)
Developments That May, Individually or Collectively, Lead to
Negative Rating Action
- Deterioration of EBITDA margin below 18% as a result of weak
network activity or impact of regulatory changes (FY18:20.5%)
- FFO adjusted gross leverage above 7.0x due to lack of
deleveraging or debt-funded acquisitions;
- Post-dividends FCF margin below 3%
- FFO fixed charge cover of 1.8x or lower
EVEREST BIDCO: Moody's Affirms B2 CFR & Alters Outlook to Negative
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Moody's Investors Service has changed the outlook of France-based
software distributor and services provider Everest Bidco SAS to
negative from stable and has affirmed its B2 corporate family
rating, B2-PD probability of default rating and B1 ratings on the
EUR500 million senior secured first lien term loan B and EUR90
million pari passu ranking revolving credit facility borrowed by
Everest Bidco SAS.
The rating actions were prompted by:
-- The absence of deleveraging in 2018, driven by increased use of
debt
-- A degree of EBITDA underperformance versus Moody's forecasts
for 2018 and risk on 2019
-- Expected delays in raising free cash flow/adjusted debt to
around 4-5% per annum
RATINGS RATIONALE
"Exclusive Group has increased leverage in 2018 as a result of
additional debt usage even after its takeover by Permira in the
year, whereas the recorded EBITDA growth should have helped delever
from the opening level which already positioned Exclusive weakly in
its rating category" says Frederic Duranson, a Moody's Assistant
Vice President and lead analyst for Exclusive Group. "2018 EBITDA
was also behind Moody's expectations and it is likely that 2019
will remain below Moody's original forecasts at LBO, further
setting back the group against the requirements of a B2 CFR and a
stable outlook" Mr. Duranson adds.
Moody's adjusted gross debt/EBITDA stood at 7.8x in December 2018
(7.7x pro forma debt-financed acquisitions made in 2019) compared
to an estimated 7.3x at the end of March 2018, pro forma for the
Permira LBO. The group increased balance sheet debt by
approximately EUR40 million by December 2018, EUR35 million of
which were used to fund the acquisition of minority interests in
various regions in Q4 2018. Exclusive's B2 rating and stable
outlook, albeit weakly positioned to start with, only incorporated
debt additions in the context of EBITDA accretive bolt-on
acquisitions with a relatively neutral impact on Moody's adjusted
leverage because the group has a track record of achieving
valuations in the region of 5-6x EBITDA. Other uses of debt are
credit negative.
2018 trading also held back the deleveraging of the group.
Moody's-adjusted EBITDA grew by +7% in the year to EUR95 million.
The underperformance versus Moody's expectation of EUR104 million
was mainly a combination of (1) the weakening of the Euro against
the US dollar, (2) growth in Asia and the US behind Moody's
expectations as well as disappointing results with certain vendors
whose performance is challenged and, (3) higher costs below the
line which Moody's considers as recurring, including start-up
investments in the US and some reorganisation costs. Until 2018
(included), Exclusive bore the costs of any currency depreciation
between the time of purchase in US dollars and the time of sale in
another currency, thereby eating into its margins. Moody's
understands that an FX pass-through mechanism is now in place with
all of the group's main vendors to alleviate that risk.
Moody's continues to expect annual revenue growth in the high
teens, with continued downside risk on margins leading to Moody's
EBITDA growth approaching double digits, both in percentage terms.
Although Moody's growth rate expectations are not materially
different from a year ago, the 2018 debt and EBITDA levels have set
the group back in its deleveraging path and the negative outlook
reflects heightened risk that Moody's adjusted debt/EBITDA will not
decrease to around 6.0x in the next 12 months. Instead, the rating
agency forecasts that adjusted leverage will stand around 7.0x at
the end of 2019 and at or above 6.5x in 2020.
Moody's estimates that Exclusive recorded good free cash flow (FCF)
of EUR22 million in 2018, broadly in line with forecasts as the
lower EBITDA and higher cash exceptionals were largely offset by
lower working capital outflows, helped by factoring. Moody's
anticipates that FCF generation in 2019 will drop in the teens
because EBITDA growth will not be compensated by (1) increased tax
payments, (2) larger working capital outflows (assuming no
additional drawings under the factoring lines) and, (3) exceptional
items such as for the roll-out of the group's new ERP system.
Although the rating agency projects a recovery in 2020, retained
cash flow/adjusted net debt and FCF/adjusted debt should remain shy
of the 10% and 5% required levels on these respective metrics in
2019.
Moody's views Exclusive Group's liquidity profile as adequate,
supported by a relatively sizeable cash balance of EUR102 million
at the end of December 2018 (including EUR42 million short-term
debt drawings). The group's liquidity is further enhanced by (1)
expected positive FCF generation, although not in all quarters
because of working capital seasonality and (2) EUR55 million
availability under its EUR90 million RCF as of December 2018. The
RCF will continue to be subject to a springing net first lien
leverage covenant, likely to be tested in 2019 but against which
Exclusive will maintain ample headroom.
RATIONALE FOR NEGATIVE OUTLOOK
The negative outlook reflects Exclusive's very high leverage for
the rating category and the risk that it will remain above 6.0x in
the next 12 months. The rating outlook further reflects Moody's
expectation that the cash flow coverage of debt metrics will remain
somewhat below the requirements for a B2 despite the rating
agency's forecasts of solid growth in revenues and EBITDA and
materially positive free cash flow generation.
WHAT COULD CHANGE THE RATING UP/DOWN
In light of the negative outlook, upward pressure is unlikely.
Moody's could stabilise the outlook on Exclusive if the group were
to (1) stabilise its margins, (2) demonstrate a clear deleveraging
trajectory with Moody's adjusted debt/EBITDA declining towards
6.0x, and (3) increase free cash flow/debt to around 5%.
Conversely, Exclusive Group's ratings could be downgraded if the
conditions for a outlook stabilisation failed to be met in the next
12 months.
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G E R M A N Y
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ANTIN AMEDES: S&P Raises ICR to 'B' on Successful Debt Placement
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S&P Global Ratings raised its issuer credit rating on Antin Amedes
to 'B' from 'B-', and removing it from CreditWatch positive.
The upgrade reflects that the new capital structure alleviates
liquidity risk, as well as our opinion that Antin Amedes is
successfully turning around its operations.
The company now benefits from comfortable covenant headroom. The
new capital structure is governed by a financial maintenance
covenant of maximum leverage of 8.8x.
The turnaround is mainly the result of stabilization of the number
and ramp-up of the relatively newly hired physicians who are
gaining reputation and attracting new patients to the company.
Other initiatives include focusing on the sales force and
introducing innovative tests, as well as cost-saving initiatives
(EUR4.7 million in 2018). S&P understands that the management has
been carefully managing the balance between cost savings and the
work environment. Several personnel-related measures have been
implemented, such as training systems, medical steering committees,
and a uniform groupwide system for surcharges and overtime.
These initiatives resulted in like-for-like, revenue growth of 3%
in 2018 , with organic growth of 1.6%. S&P Global Ratings' adjusted
EBITDA reached EUR69.5 million in 2018, representing an EBITDA
margin of 19.1%. This positive performance was achieved despite the
tariff cut induced by the reform of the statutory health insurance
("EBM") reform. We also note that a labor agreement signed in
Germany in April 2016 spurred increased costs of EUR9.2 million.
The tariff agreement should have a minimal impact in 2019, but the
higher share of physicians will drive an organic increase in
personnel expenses. Nevertheless, the organic increase of personal
expenses should be partially offset by new procurement contracts.
The most recent financial performance confirms the group is on a
positive track for growth and profitability. As of end-April 2019,
revenue reached EUR135.8 million, an increase of 7.2% over the
previous year. The group reported EBITDA of EUR27 million, 11.5%
higher than in 2018.
S&P said, "We forecast the S&P Global Ratings-adjusted EBITDA in
2019 will be at about EUR75 million, and about EUR78 million in
2020. This will result in leverage of around 7.0x in 2019 and
6.6x-6.8x in 2020. Our debt calculation includes the EUR440 million
term loan B, EUR79.7 million of lease liabilities, and around EUR9
million of pension liabilities. We do not net the cash on the
balance sheet, due to the company's weak competitive position."
Antin Amedes operates in an industry where demand is resilient, and
where volumes are slated to grow, driven by higher demand for early
diagnosis. Antin Amedes performs routine and specialized tests,
which are less vulnerable to price cuts. The group benefits from a
strong presence in gynecology, which is reinforced by its clinics.
However, the competitive position is constrained by the relatively
small size and focus in Germany.
Nevertheless, profitability is similar to larger groups, such as
Synlab (which had an S&P Global Ratings-adjusted EBITDA margin of
19.8% in 2018). However, Synlab is more diversified, notably with
presence in environmental testing, which has higher growth
potential but lower profitability. S&P said, "We also note that
geographic diversification can sometimes be a hurdle to
efficiencies in terms of logistics and centralization of the
technical platforms and logistics. French company Cerba achieves
higher profitability (S&P Global Ratings-adjusted 21.3%); we
believe its positioning in specialized tests supports higher
profitability." Furthermore, this leads us to believe Antin Amedes,
with its presence in genetics and pathology, has a potential for
higher profitability if its physicians attract and process more
patients and if it continues its ramp-up. This will also depend on
the company's ability to increase volume, notably by gaining new
contracts with hospitals.
S&P considers Antin Amedes as favorably positioned in its highly
leveraged category because of its sound FOCF, and a fixed-charge
coverage ratio that should improve to at least 2x over the next
12-18 months.
In 2018, the group switched its accounting to international
financial reporting standards from German reporting standards
S&P said, "The stable outlook reflects our expectation that Antin
Amedes will grow organically and inorganically, maintaining good
profitability and positive FOCF. This should also translate into
S&P Global Ratings-adjusted debt to EBITDA reducing below 7x over
the next 12 months and the fixed charge coverage improving toward
2x.
"We could consider a negative rating action if the group does not
deliver on its business plan, such that its cash flow generation
turns negative, hampered by substantial working capital outflows
and or profitability deteriorates materially. This could happen if
the fluctuation in the number of physicians resumed.
"We could also consider lowering the rating if Antin Amedes were to
pursue a predominantly debt-funded acquisition strategy that led to
S&P Global Ratings-adjusted debt to EBITDA remaining above 7x over
the next 12 months.
"In our view, an upgrade would require Antin Amedes to
significantly outperform our base case, achieving materially
stronger cash generation and substantial reduction of debt to
EBITDA below 5x on a sustainable basis."
RODENSTOCK GMBH: Moody's Ups Secured Credit Facilities Rating to B2
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Moody's Investors Service upgraded to B2 from B3 the ratings on the
EUR415 million senior secured facilities, including a EUR395
million term-loan maturing in 2026 and a EUR20 million revolving
credit facility maturing in 2025, co-borrowed by Rodenstock GmbH
and Rodenstock Holding GmbH. The outlook is stable.
The B3 corporate family rating (CFR) and B3-PD probability of
default rating of Rodenstock Holding GmbH remain unchanged.
RATINGS RATIONALE
The upgrade of the instrument rating to B2 follows the completion
of the refinancing and the improved security package for the newly
issued term loan and revolving credit facility contained in the
final Senior Facility Agreement compared to the initial draft. In
addition to pledges over shares, bank accounts and intercompany
receivables, the senior secured facilities are secured also against
assets of the German operating companies, including certain real
estate assets and intellectual property. As such, the new
instruments will benefit from an enhanced security package relative
to other group liabilities.
Rodenstock Holding GmbH's B3 CFR factors in (1) the group's
established market position as the world's fourth-largest
ophthalmic lenses producer, with stronger positions in the
high-value added progressive lenses segment, among independent
opticians and in its domestic European markets, particularly in
Germany, notwithstanding its small size compared with direct sector
peers, as well as the concentration of sales generated by its
lenses division; (2) its comprehensive offering in both branded and
private label corrective lenses, complemented by a focused eyewear
products offering and service proposition to opticians; and (3) the
risk that further consolidation of distribution channels and the
emergence of discounters might lead to margin pressure over time.
The rating also reflects Rodenstock's high leverage following the
refinancing and Moody's expectation of a gradual deleveraging over
the next 18 months. The amount of the new term loan has been
reduced to EUR395 million from the proposed EUR425 million (which
included a dividend of EUR25 million), with the proceeds entirely
used to refinance the previous outstanding EUR395 million loan. The
refinancing has therefore no impact on the gross leverage of the
group. Moody's expects that Rodenstock's financial leverage
(measured as Moody's-adjusted gross debt/EBITDA) will modestly
improve to 7.2x in 2019 from 7.5x prior to the EUR30 million
reduction of the loan amount.
While being smaller than its direct peers, Rodenstock has a sound
positioning in the lens market with a 4% share and is recognized
for its high quality and technologically advanced and innovative
products. The company focuses on the high value added segment of
progressive lenses and complements its offering with eyewear
products (both ophthalmic frames and sunglasses) and equipment and
services for opticians. Rodenstock profitability has improved in
the last two years owing to a number of efficiency measures
implemented since the acquisition by Compass, including the
restructuring of the eyewear business, which has returned
profitable since 2017.
Moody's expects that the company's operational performance will
continue to improve in 2019 and 2020 on the back of solid growth in
lens sales to both independent opticians and large key accounts. In
addition, the rating agency expects that Rodenstock's EBITDA (as
adjusted by Moody's) will further grow towards EUR100 million in
the next 18 months (from EUR91 million in 2018).
Cash generation, which was hampered by restructuring cash costs in
the past two years, should also gradually improve, with
Moody's-adjusted Free Cash Flow/debt moving towards 4% in 2020. As
a result, the agency expects that Rodenstock's leverage will
decline to below 7.0x in 2020, which is commensurate with a B3
rating. Pension liabilities, although gradually reducing, are a
large component of the company's adjusted gross debt, accounting
for approximately 35% of total.
Moody's expects Rodenstock's liquidity to remain adequate,
supported by EUR25 million available cash following the refinancing
and by the new upsized EUR20 million RCF, maturing in 2025. Moody's
expects free cash flow to be positive in 2019 and 2020 and that
available liquidity sources will be sufficient to cover the
company's needs over the next 18 months, including capex for about
EUR30 million and obligations under the pension liabilities for
almost EUR13 million per annum. The company has an extended debt
maturity profile, with the TLB maturing in 2026.
The new term-loan is covenant-lite, while the RCF contains a
springing net leverage covenant to be tested only if the RCF is at
least 30% drawn and with a 35% headroom at closing.
STRUCTURAL CONSIDERATIONS
The B2 rating of the EUR395 million senior secured Term Loan B and
EUR20 million RCF, both borrowed by Rodenstock GmbH is one notch
above the group's CFR of B3 and considers that secured debt
instruments enjoy first priority ranking pledges over some group's
assets including shares, bank accounts and intercompany receivables
of material subsidiaries and some German real estate and
intellectual property assets. The senior secured facilities are
guaranteed by group companies representing a minimum of 80% of the
group's EBITDA or gross assets. The uplift also takes into account
the group's high amount of unfunded and unsecured pensions
obligations, that are subordinated to the secured facilities.
RATIONALE FOR STABLE OUTLOOK
The stable rating outlook reflects Moody's expectations that
Rodenstock's leverage (measured as Moody's-adjusted gross
debt/EBITDA) will fall below 7.0x in the next 18 months and its
Moody's-adjusted FCF/debt will increase towards 4% because of a
continued improvement in operating performance. The stable outlook
also assumes that Rodenstock will maintain adequate liquidity at
all times.
WHAT COULD CHANGE THE RATING UP/DOWN
Over time, upward pressure on the rating could be considered if
Rodenstock is able to further reduce its leverage, with a
Moody's-adjusted gross debt /EBITDA moving towards 6.0x, and to
improve its cash flow generation such that it maintains a positive
free cash flow.
Downward pressure on the rating could develop if the company's
performance was to weaken compared to current expectations leading
to (1) Moody's-adjusted gross debt EBITDA deteriorating to above
7.5x; (2) negative free cash flow over a prolonged period, or (3) a
deterioration of its liquidity profile.
LIST OF AFFECTED RATINGS
Issuer: Rodenstock GmbH
Senior Secured Bank Credit Facility, upgrade to B2
=============
I R E L A N D
=============
SHAMROCK RESIDENTIAL 2019-1: S&P Assigns (P)B Rating on F Notes
---------------------------------------------------------------
S&P Global Ratings assigned its preliminary credit ratings to
Shamrock Residential 2019-1 DAC's (Shamrock 2019-1) class A,
B-Dfrd, C-Dfrd, D-Dfrd, E-Dfrd, F-Dfrd, and G-Dfrd notes. At
closing, Shamrock 2019-1 will also issue unrated class Z1-Dfrd,
Z2-Dfrd, RFN, and X notes.
S&P said, "We have received loan level data as of the Jan. 31,
2019. The preliminary pool of EUR336,564,705 comprises 1,711 loan
parts originated by Bank of Scotland (Ireland) Ltd. (33.5%), Start
Mortgages DAC (16.5%), Irish Nationwide Building Society (47.4%),
and Nua Mortgages Ltd. (2.6%). The assets are first-ranking
owner-occupied and buy-to-let mortgage loans secured against
properties in Ireland. The portion of the portfolio originated by
Start Mortgages and Nua Mortgages comprise nonconforming loans.
"We have also received historical arrears performance data for the
loans in the portfolio since 2014, details of all restructurings in
the portfolio since 2009, and payment rate data since 2013. The
quality of data provided is in line with our standards.
"KPMG audited the pools, and the scope and results were worse than
we typically see in the Irish market but still within our permitted
range. We have accounted for this through a pool-level
adjustment."
Ratings List
Shamrock Residential 2019-1 DAC
Class Prelim. rating Class size (%)
A AAA (sf) 57.90
B-Dfrd AA (sf) 10.50
C-Dfrd A+ (sf) 6.00
D-Dfrd BBB+ (sf) 7.00
E-Dfrd BB (sf) 6.25
F-Dfrd B (sf) 4.00
G-Dfrd B- (sf) 2.35
RFN NR 2.00
Z1-Dfrd NR 3.75
Z2-Dfrd NR 2.25
X NR 0.00
Dfrd--Deferrable.
NR--Not rated.
=========
I T A L Y
=========
MELILLI OUTLET: July 9 Auction Set for Commercial Complex
---------------------------------------------------------
A Melilli real estate complex for outlet use will be put up for
auction and the auction will open on July 9, 2019.
The asset is a single lot, full property of an estate complex for
outlet/shopping centre use, located in Melilli (SR), Contrada
Spalla Targia, consisting of about 70,000 indoor square meters
arranged on three levels, besides the outdoor areas (in total 134
stores/warehouses and about 2,000 parking spaces, 1,000 of which
indoor).
The auction starting price is set at EUR5,997,876.19.
The auction process is lodged under:
Court of Genoa
Bankruptcy - Fall. R.F. 25/2014
Legal Receiver: Dr. Massimiliano Tumiati
Deputy Judge: Dr. Roberto Bonino
For more information, one may refer to the notice of sale published
on www.realestatediscount.com (Auction ref: 4235) or contact Dott.
Massimiliano Tumiati at +39(010)-588182.
===========
L A T V I A
===========
AIR BALTIC: S&P Assigns Prelim. 'BB-' LongTerm ICR, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'BB-' long-term issuer
credit rating to majority government-owned passenger air carrier
Air Baltic Corporation AS (Air Baltic), which includes two notches
of uplift from its SACP due to the moderately high likelihood of
market-based financial support by the Latvian government in case of
financial distress.
S&P said, "The final rating will depend on the successful
completion of the notes' issuance and our receipt and satisfactory
review of all final transaction documentation. Accordingly, the
preliminary rating should not be construed as evidence of the final
rating. If the notes' issuance does not complete and S&P Global
Ratings does not receive final documentation within a reasonable
time frame, or if final documentation departs from our
expectations, 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 notes,
financial and other covenants, security, and ranking."
The 'BB-' preliminary issuer credit rating on Air Baltic reflects
the company's small scale and scope of operations. It serves about
four million passengers and has high concentration in one
region--the Baltics--and a low return on capital. The rating is
further constrained by Air Baltic's susceptibility to the
fundamental characteristics of the airline industry, including
European economic cycles, oil-price fluctuations, high capital
intensity, and unforeseen events, including terrorism and disease
outbreaks. This is partly offset by Air Baltic's leading position
in the Baltic region, with an about 60% market share in Riga
Airport and an established presence at Vilnius and Tallinn
Airports. Air Baltic also has a competitive cost structure thanks
to its comparatively low labor costs and its transition to a
single-family aircraft fleet.
S&P Global Ratings expects Air Baltic to issue approximately EUR200
million of medium-term senior unsecured international notes, which
it has incorporated into its base case. Air Baltic plans to use the
proceeds from the issuance to strengthen its liquidity and
refinance its existing bank debt. S&P said, "We understand that Air
Baltic will retain a significant part of the notes' proceeds on the
balance sheet. We think this will provide ample financial leeway
for, among other things, working capital needs and the potential
adverse effects of U.S. dollar and euro currency mismatches,
because Air Baltic operates with a U.S. dollar short position.
Overall, we would view this increased cash balance and improved
liquidity profile as an essential and stabilizing rating factor."
Given Air Baltic's planned large capital investment in the
expansion and modernization of its aircraft fleet, it has limited
room to deleverage. S&P forecasts that the company will maintain
credit metrics consistent with a highly leveraged financial risk
profile, including adjusted FFO to debt of 6%-8% and debt to EBITDA
of 7.5x-8.0x in 2019-2020, compared with close to 10% and 8.0x
respectively in 2018. This limits Air Baltic's SACP at 'b'.
Air Baltic has a route network of 79 destinations and connects the
Baltics to the rest of Europe, which would otherwise be less
efficiently accessible by alternate modes of transport. S&P views
the trends of the Baltics' underlying air travel market as
favorable, supported by a pace of economic growth exceeding that in
the eurozone. Air Baltic distinguishes itself from other European
legacy carriers by its low labor costs, with its cabin crew and
half of its pilots based in the Baltics. Thanks to its established
in-house pilot school, Air Baltic aims to increase its workforce of
national pilots, who traditionally offer a better retention rate
than foreign hires and should help to mitigate a pilot shortage.
S&P believes that the transition to a single-family fleet of Airbus
220 (A220) planes by 2023 will enable Air Baltic to significantly
reduce costs (fuel, crew training, and maintenance), reach more
destinations, and improve service offerings. In S&P's view, the
A220 planes' smaller size and competitive economics are highly
suitable for Air Baltic's regional and seasonal market.
Air Baltic carried about 4 million passengers in 2018 and finished
the year with 34 aircraft. This, combined with its targeting of
passengers in the Baltics region, translates into a narrow business
scope compared with the company's smallest rated airline peers,
such as, for example, SAS and GOL Linhas, which serve about 30
million passengers each. Air Baltic's relatively small size and
corresponding low absolute reported EBITDA base of about EUR40
million in 2018--excluding the impact of International Financial
Reporting Standards (IFRS) 16--makes the company more susceptible
to unforeseen high-impact and low-probability events than larger
players.
The capital intensity of the underlying industry and Air Baltic's
high investment needs result in a highly leveraged balance sheet.
Air Baltic's adjusted debt to EBITDA increased to about 8.0x in
2018 from 6.5x in 2017, and S&P forecasts that it will rise to
8.5x-9.0x in 2019 before a gradual decline toward 7.0x by 2020.
This improvement will be due to an increase in EBITDA to about
EUR90 million (including the effect of IFRS 16) in 2019 and about
EUR120 million in 2020, up from about EUR64 million in 2018, rather
than debt reduction. Because of its high capex for fleet expansion
and modernization, the airline has limited room for deleveraging in
2019-2020.
Air Baltic is 80% government-owned, while 20% is held by private
investor Lars Thuesen. We believe there is a moderately high
likelihood that the government of Latvia would provide Air Baltic
with extraordinary market-based support, which translates into a
two-notch uplift from the company's SACP. S&P bases its view on its
assessment of Air Baltic's:
-- Strong links with the government of Latvia.
-- Important role for the Latvian government.
S&P said, "Our view of a strong link to the Latvian state reflects
the government's 80% controlling stake and the close ties between
the two as the government appoints three of the airline's four
supervisory board members. We note that the Latvian government has
extended extraordinary financial support to Air Baltic in the past,
most notably in 2011 and 2012, exceeding EUR200 million, which the
European Commission was notified of and approved the support.
However, any further financial support will be strictly scrutinized
under the EU competition framework and be potentially subject to
European Commission rulings. That said, the Latvian government
could at any point extend a market-based loan to Air Baltic at an
interest rate on par with the prevailing market rate. We understand
that such a loan would not fall under EU state aid.
"At the same time, we acknowledge Air Baltic's important role for
the Latvian economy. The Latvian government takes a significant
interest in Air Baltic and views the airline as a strategic asset
that is critical to economic development and tourism. The Latvian
state estimates that 2.5% of GDP is linked to Air Baltic's
operations. Furthermore, Air Baltic provides air connectivity to
the country, which would otherwise be less efficiently accessible
by alternative modes of transport, and to a certain extent, serves
as a feeder to two other government-owned assets--Riga Airport and
Latvian Railways. Additionally, unlike low-cost carriers, Air
Baltic attracts business traffic by offering more convenient and
sufficiently frequent flights, which provide stable economic ties
with the rest of Europe.
"The stable outlook reflects our view that Air Baltic will be able
to maintain adjusted FFO to debt above 6% over the next 12 months,
while meeting its heavy capex requirements from operating cash
flows. We continue to expect a moderately high likelihood of timely
and sufficient extraordinary government support if Air Baltic faced
financial distress. Furthermore, the outlook reflects our view that
the airline will strengthen its liquidity by retaining the majority
of the proceeds of the upcoming issuance on the balance sheet.
"Rating downside could arise if adjusted FFO to debt fell below 6%
on a sustainable basis. This could happen because Air Baltic's
earnings deteriorated through increased competition from low-cost
carriers, or because oil prices increased significantly above our
base case without being sufficiently passed on to customers through
higher ticket fares in a timely manner. We could also lower the
rating if we believed that the likelihood of government
market-based support had weakened. All other things being equal,
the lowering of our rating on Latvia by four notches, which we
currently view as unlikely, would also exert downward pressure on
the rating on Air Baltic.
"We could raise our rating if Air Baltic's earnings and cash flow
improved materially such that adjusted FFO to debt strengthened
sustainably to more than 12%. This could occur if yields increased
significantly, for example due to over-proportional growth of
less-price-sensitive passengers, or if oil prices dropped below our
base-case assumptions absent ticket price deflation. Although less
likely, we could also raise the rating if we saw that Air Baltic's
role for, or link with, the Latvian government had strengthened."
===================
L U X E M B O U R G
===================
BEFESA SA: Moody's Rates EUR626MM Senior Credit Facilities 'Ba2'
----------------------------------------------------------------
Moody's Investors Service assigned Ba2 instrument ratings to the
proposed EUR526 million senior secured Term Loan B due 2026, the
EUR75 million revolving credit facility due 2025, and the EUR35
million guarantee senior secured term loan due 2025, all issued by
the Luxembourg based environmental services company Befesa S.A.
(Befesa, Ba2 corporate family rating). The outlook is stable.
The proceeds from the proposed senior credit facilities will be
used to redeem the outstanding senior facilities maturing in 2022.
The refinancing will extend Befesa's debt maturity profile, but
will not affect its leverage. Hence, the company's Ba2 CFR remains
unaffected.
RATINGS RATIONALE
The Ba2 rating assigned to Befesa's proposed issuance of senior
secured credit facilities is in line with the company's Ba2 CFR.
This is primarily because the instruments are senior secured, rank
pari-passu and are subject to a springing covenant. As Moody's
views the value from the assets pledged as security (share pledges
on subsidiaries) to be limited in a stress scenario, the rating
agency assumed the facilities to be unsecured in its waterfall
analysis.
The Ba2 corporate family rating (CFR) is supported by the group's
solid business profile, characterized by leading market positions
in niches of the recycling industry, which is protected by market
entry barriers relating to (i) significant replacement costs, (ii)
supportive environmental regulation that favors recycling of
hazardous wastes over landfilling in most European and certain
developing countries (such as South Korea and Turkey) and (iii)
proprietary technological know-how. Historic operating performance
has been sound with limited volatility of profitability, despite
significant exposure to volatile metal prices, in particular zinc
and aluminum.
The rating also reflects Befesa's significant exposure to zinc
price movements. The company has hedged approximately 70% of its
zinc equivalent volumes until including the first half of 2021.
However, the remaining output continues to be sensitive to volatile
market prices. The rating is also somewhat constrained by the
company's relatively small size and reliance on a few customers. If
zinc prices were to reduce for a prolonged period this would have a
negative impact on Befesa's performance - but only after the hedges
will have expired.
RATIONALE FOR STABLE OUTLOOK
The stable outlook reflects the ongoing supportive market
environment, especially in terms of environmental regulation as
well as zinc prices leading to gradual further EBITDA growth in
2019 and 2020. Nevertheless, Moody's anticipates that free cash
flow generation will be limited to EUR10-EUR20 million in 2019 and
2020 during the construction phase of its two Chinese recycling
plants, driven by material capital expenditures. The company
expects to more than double its capital expenditures to EUR75-EUR85
million in 2019 compared with about EUR40 million in 2018 which
will be partially funded by cash generated by operations and some
customary local funding in China.
WHAT COULD CHANGE THE RATING UP/DOWN
The ratings could be upgraded if Befesa (1) improved business
profile in terms of size, geographic and business segment
diversification while maintaining a long-term hedging strategy,
would demonstrate its ability to (2) reduce its Moody's adjusted
leverage well below 2.5x debt/EBITDA through the cycle; (3)
meaningful free cash flow (FCF) generation as evidenced by a
FCF/debt consistently in the double digit percentage range despite
dividend payments and growth investments; and (4) maintained a
solid liquidity profile.
The ratings could be downgraded if (1) the leverage would
deteriorate to a level higher than 3.5x debt/EBITDA as adjusted by
Moody's or (2) the FCF/debt would deteriorate to a low single digit
percentage range for a prolonged period leading to a weakening of
the liquidity profile; (3) failure to maintain a long-term hedging
strategy.
=====================
N E T H E R L A N D S
=====================
MEDIARENA ACQUISITION: S&P Affirms 'CCC+' ICR, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' ratings on Endemol Shine
Group's parent, MediArena Acquisition B.V. and its senior secured
first-lien facilities, while revising the recovery rating to '3'
(rounded estimate 50%) from '4' (rounded estimate 45%).
S&P also affirmed its 'CCC-' rating on the second-lien debt, with
the recovery rating remaining at '6'.
S&P said, "We anticipate that ESG will expand in 2019 and post
stronger EBITDA and sound cash flow, owing to better control over
its cost base, as shown in its reported EBITDA margin of 8.9% in
2018, up from 6.2% in 2017. We believe this will stem from
optimizing the cost of sales and overhead costs, as well as lower
exceptional costs related to reorganization and restructuring,
because most of it has been completed. As a result, we anticipate
reported FOCF of EUR5 million-EUR20 million this year, despite some
working-capital-related outflows. That said, we expect leverage to
remain high, with debt to EBITDA at 8.0x-8.5x in 2019 and 7.8x-8.3x
in 2020, and FFO cash interest coverage at 1.2x-1.4x in both
years.
"In our view, liquidity has improved following the extension of the
revolving credit facility (RCF) due date to 2021, greater
availability of committed credit lines, and increased covenant
headroom under its RCF. Since ESG's leverage remains high, despite
the anticipated improvement in EBITDA, its capital structure
remains unsustainable over the long term, in our opinion.
Importantly, the EUR1.07 billion of senior secured first-lien
facilities (outstanding as of first-quarter 2019, including EUR50
million in RCF drawings) constrain ESG's overall liquidity position
and ultimately our credit rating on MediArena. That said, we don't
expect the group to face a near-term credit or payment crisis over
the next 12 months."
ESG is the world's largest independent TV content producer. S&P
expects it to maintain its leading positions in the U.S., U.K., and
other European markets by delivering successful scripted and
nonscripted shows. Global demand for high-quality content remains
strong, led by audience fragmentation and intensifying competition
between traditional broadcasters, pay-TV, and over-the-top players,
such as Amazon and Netflix. ESG has long-standing relationships
with major broadcasters and new market entrants, and in S&P's view
is relies less on its largest customers than its smaller peers.
ESG focuses primarily on nonscripted shows, which accounted for
about 71% of its revenues and the majority of its EBITDA in 2018.
The group's overall performance is largely reliant on its
well-established "superbrands," such as Big Brother and Master
Chef. As these shows age, their revenues will likely gradually
decrease because of declining viewer interest. For example, for
2019 Big Brother was not renewed in the U.K., and MasterChef will
be not produced for the German market. Over the past few years, ESG
has developed a number of new nonscripted formats in various genres
that have been able to travel well internationally and they've been
recommissioned for the next season, such as All Together Now,
Family Food Fight, Big Bounce Battle, Your Face Sounds Familiar, or
Deal or No Deal, to name a few. In 2018, ESG had 46 travelling
formats, which originated from 13 territories.
ESG has also produced several major scripted hits, such as Black
Mirror, Peaky Blinders, Mr. Bean, Dark, and Humans which have been
recommissioned or will be broadcast in 2019 with new seasons.
Scripted drama is in particularly high demand, so we expect this
expansion will continue in 2019, supporting ESG's scripted shows.
At the same time, production of scripted shows is capital intensive
and usually has longer payback periods than unscripted shows, also
initially providing lower margins. As a result, ESG's working
capital investments became more volatile over the past few years.
S&P understands that the group does not plan to significantly
increase the share of scripted shows from about 25% of total 2018
revenue. To some extent, this will help even out the working
capital volatility and impact on the profitability.
S&P said, "We expect ESG's earnings, cash flows, and credit metrics
will remain volatile, reflecting the volatile nature of the
industry and uneven schedules associated with commissioning and
delivering shows, which can often be delayed by one or several
quarters.
"The outlook is stable since we foresee improving operational
performance, including increasing EBITDA, positive albeit small
reported FOCF, and FFO cash interest of 1.2x-1.4x over the next 12
months. Yet despite higher EBITDA, ESG's leverage will remain high
at 8.0x-8.5x in 2019 and 7.8x-8.3x in 2020, and its capital
structure unsustainable in the longer term. We take into account
the group's improved liquidity, supported by extension of the RCF's
maturity to 2021, covenant headroom of at least 15%, and likely
positive reported FOCF of EUR5 million-EUR20 million in 2019.
"We could raise the ratings if the group refinances its capital
structure on time and further improves its operational performance,
with sustainable generation of positive reported FOCF, FFO cash
interest cover higher than 1.5x, stronger deleveraging than in our
base case, and adequate liquidity.
"We could lower the rating if the group does not refinance its
capital structure 12 months ahead of the debt maturities, in
particular its EUR1.07 billion senior secured first-lien facilities
(outstanding as of first-quarter 2019) due in 2021. We could also
lower the rating if we see a higher probability of a default,
especially if liquidity deteriorated, increasing the risk of
nonpayment of debt or a covenant breach. This could happen if the
group faced unexpected shortfalls in revenue or cash flows, due for
example to delayed delivery of shows, or if its working capital
needs increased by more than we currently expect."
=========
S P A I N
=========
PAX MIDCO: S&P Assigns Prelim. 'B' Long-Term ICR, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'B' long-term issuer
credit rating to Pax Midco Spain (Areas). S&P also assigned
preliminary 'B' issue ratings to the proposed EUR1,050 million term
loans B with a floating coupon and maturing in 2026. The recovery
rating on the loans is '3', with meaningful recovery prospects
(50%-70%; rounded estimate 65%).
S&P's assessment of Areas' business is based on Areas' No. 3 global
market position in its industry, its strong and longstanding
relationships with property owners and operators, and its exclusive
access to some of the major global food and beverage (F&B) brands.
S&P also factors in the expertise that Areas has in its operating
model, and that procurement and logistics become more difficult
given the level of security checks at airport and other transport
hubs.
These factors are to some extent offset by its narrow focus on a
small segment of the travel concession business; the highly
fragmented and competitive nature of the concessions industry;
relatively low customer switching costs in a competitive and
price-driven industry; the geographic concentration of Areas'
revenues; and its high reliance on the travel and tourism industry,
which can be easily disrupted by economic headwinds, weather, or
other external factors like terrorist attacks.
S&P said, "With its focus solely on the F&B segment, Areas' has a
narrow addressable market. The size of the market was estimated at
about EUR26 billion in 2017 and we expect it to grow at a compound
annual rate of 4% through to 2022, based on data from Bain & Co.
With no presence in fast-growing Asian markets, Areas addresses a
market that is worth about EUR11 billion. We consider most of the
countries where Areas operates, like France, Iberia, the U.S.,
Italy, and Germany, as mature markets offering low organic growth
potential. The F&B concessions market is highly competitive and
fragmented, and Areas holds a global market share of just 7%
despite being the third-largest player. We expect the competitive
intensity to increase with the evolution of new forms of concession
models under which property owners take equity interest in joint
ventures to bid for lots and competitors like Lagardere shift their
attention to the F&B segment for growth.
"Although Areas has solid customer diversification, with over 600
transportation hub locations, it does have some degree of
geographic concentration, which we see it as a weakness because any
shift in tourist flows from these countries could weigh on its
operations." Areas generates about 87% of its revenues from four
major geographic areas: France (36%), Iberia (Spain and Portugal;
28%), the U.S. (13%), and Italy (10%). Any adverse external events
like terrorist attacks, or adverse weather could alter tourist
flows and disrupt its operations.
Areas' leadership positions in France and Spain, two of the most
visited countries in Europe, lends strength to its business. The
average duration of the concession contracts is seven to 10 years,
which provides good revenue visibility. The group also has built
strong relationships with landlords, some lasting over 50 years.
S&P views this as a key strength as such relationships help the
management team to identify, assess, and take part in tendering
processes for the most coveted lots from an early stage. However,
in value terms, the renewal rate of the group for a defensive bid
in France has been less than 35% for the period 2014–2018 (71%
between FY2016-FY2018), which is a cause of concern since France is
the group's largest market.
The group has access to some of the major global F&B brands
including Starbucks, McDonald's, Burger King, and Costa Coffee,
along with a growing list of own brands. This allows the group to
offer property owners a wide range of brand options and the
flexibility to change a concession quickly in case of
underperformance. Some of the group's own brands provide it with
profitability 5 percentage points higher than franchises.
Areas has maintained a very stable profitability trend despite
major economic and external headwinds. Its reported EBITDA margins
dipped to a low of 8.8% for financial year (FY) 2012 (ending Sept.
30) and 9.3% for FY2013 when European economy experienced
recession. In recent years, the group's reported EBITDA margin has
consistently been over 10%, supported by well-diversified
end-market revenue generation with 48% of revenues generated from
airports and 33% from roadways. Despite cost headwinds and
increasing concessions fees, S&P expects the group to be able to
maintain its margins at about 10.5%, higher than those of its
direct competitors, such as Autogrill (unrated).
Concession operators generally bear a major part of the capital
expenditure (capex) for setting up and operating new stores while
the brands charge royalties from the operator. This makes the
business capital-intensive and we expect Areas' capex to reach a
high of about 8% of its sales in FY2019 before moderating to about
6% by FY2021 as the group focusses on expanding its footprint in
the U.S. With this intensive capex, we expect that the group's
unadjusted free operating cash flow (FOCF) will be negative EUR35
million-EUR40 million in FY2019, before it is able to generate
modest EUR10 million-EUR20 million reported FOCF over
FY2020-FY2021.
S&P said, "We view Areas as highly leveraged. We forecast that the
company's S&P Global Ratings-adjusted debt to EBITDA will be about
5.3x in 2019. Our assessment is also constrained by the financial
sponsor ownership, which could lead to a more aggressive financial
policy in the future. Although we anticipate earnings growth, we
expect only very gradual deleveraging toward 5.0x over the next two
years. We believe the current capex commitments and financial
policy would not be supportive of leverage falling materially below
5x in the long term. In addition, while the new owner plans to
contribute its investment in the form of common equity, there is
also a EUR70 million vendor loan from Elior that we have included
in our adjusted debt calculation.
"In our adjusted debt calculation, we have also incorporated the
operating lease liabilities of around EUR1 billion, while we add
back around EUR210 million to our calculation of adjusted EBITDA."
The group has a substantial amount of leases, most of which are
fixed. That said, some variable components help reduce the fixed
cost. S&P's preferred metric is lease-neutral reported EBITDAR cash
interest coverage (defined as reported EBITDA before deducting rent
over cash interest plus rent). At around 1.5x, this supports the
current rating. That said, the company's negative reported FOCF for
2019, which stems from substantial interest on the term loan and
high capex commitments, forms a major constraint because it limits
the company's financial flexibility.
PAI Partners signed the binding agreement with Elior Group to
acquire Areas on April 24, 2019. The acquisition will be funded
with a euro-denominated EUR1,050 million term loan B (comprising
EUR850 million tranches and EUR200 million equivalent
dollar-denominated carve-out), a EUR70 million vendor loan from
Elior, and EUR415 million equity from PAI Partners. As part of its
new capital structure, Areas would also have access to a EUR125
million RCF with a 6.5-year maturity and EUR150 million
capex/acquisition line with a seven-year maturity. S&P expects both
facilities to remain undrawn at the close of transaction.
S&P said, "The preliminary rating is subject to the successful
closing of the transaction including the issuance of the senior
secured term loans as well as our review of the final
documentation. If S&P Global Ratings does not receive the final
documentation within a reasonable period, or if the final
documentation departs from the materials we have already reviewed,
we reserve the right to withdraw or revise our ratings.
"The stable outlook reflects our expectation that Areas will
continue growing revenues organically by 3%-4% in the next 12
months, with stable EBITDA margins of around 11%. While we
recognize free cash flow could be negative in 2019 due to ramp-up
investments associated with new contracts to operate airports in
the U.S., the outlook reflects our expectation that free cash flow
will return to positive in 2020. In our base case, we anticipate
that Areas will maintain debt to EBITDA of 5.3x-5.5x and that it
will adopt a prudent financial policy with respect to investments
and shareholder returns.
"We could lower the rating if the company does not realize benefits
from its elevated capital expenditures for new contracts or if the
operating performance substantially deteriorates due to harsher
competition, a weakening of the macroeconomic environment or
failure to gain and renew concessions, leading to consistently
negative free operating cash flows. In such a scenario, debt to
EBITDA will likely exceed 7x and funds from operations (FFO) cash
interest coverage will decline to below 2x. We could also consider
a negative rating action if the company adopts a more aggressive
financial policy.
"Due to the company's niche focus within a highly competitive
industry segment, we consider an upgrade unlikely over the next 12
months. The group continues to consume cash for investment, which
will likely curtail any meaningful improvement in its credit
metrics.
"We could raise the ratings if Areas establishes a track record of
sound operating performance under its new ownership, sustainably
defends its margins, and meaningfully increases its FOCF
generation. In such a scenario, we anticipate adjusted debt to
EBITDA falling sustainably below 5x and EBITDAR cash interest
coverage rising toward 2.2x. Any ratings upside would also depend
on our view of Areas having a conservative financial policy
regarding investment, leverage, and shareholder returns."
Areas is a concession-catering subsidiary of Elior Group, a
France-based contract and concession catering company. Areas is the
No. 3 global player in the travel F&B concession catering industry.
It had around EUR1.8 billion of revenues in FY2018, with a presence
in 12 countries and leading position in France and Spain.
The concession catering business consists of designing and
operating food and beverage points of sale as well as convenience
stores and some non-food retail outlets (primarily in travel and
leisure settings), under concession agreements. This business is
closely related to the travel industry and has four main operating
segments: airports (48% of FY2018 revenues), motorways (33%),
railways (13%) and leisure and other, including vacation parks
(6%). Areas operates its points of sale under franchises (such as
McDonald's, Burger King, and Paul), proprietary brands (such as
Deli&Cia, Briciole, and Farine) and co-branded brands (such as
Corona Sport Bar).
===========
S W E D E N
===========
OREXO AB: Egan-Jones Hikes Senior Unsecured Ratings to BB+
----------------------------------------------------------
Egan-Jones Ratings Company, on June 10, 2019, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Orexo AB to BB+ from BB.
Orexo is a pharmaceutical company based in Uppsala, Sweden,
initially financed with venture capital provided by HealthCap. The
company was founded in 1995 and their first product Diabact UBT, a
breath test for diagnosing the causative agent of stomach ulcers,
was introduced in 2000.
===========
T U R K E Y
===========
ISTANBUL: Moody's Lowers LongTerm Issuer Ratings to B1
------------------------------------------------------
Moody's Investors Service downgraded to B1 from Ba3 the long-term
issuer ratings of the Metropolitan Municipalities of Istanbul and
Izmir. The Aaa.tr National Scale Rating on Izmir has been affirmed.
The rating outlooks on both municipalities remain negative.
This rating action follows Moody's downgrade, on June 14, of the
Government of Turkey's bond rating to B1 from Ba3 with negative
outlook and the Turkish foreign currency bond ceiling to B1 from
Ba2.
RATINGS RATIONALE
RATIONALE FOR THE RATING DOWNGRADES
Due to their close institutional, financial and operational
linkages with the Turkish government, metropolitan municipalities,
including Istanbul and Izmir, cannot act independently of the
sovereign and do not have enough financial flexibility to permit
their credit quality to be stronger than that of the sovereign.
Therefore, Istanbul and Izmir are rated on par with the Turkish
government bond rating of B1 negative.
Moody's assessment of both cities' baseline credit assessments
(BCAs) is unchanged at b1, reflecting the two cities' robust
operating performance, predictable shared taxes paid by the
government and representing the vast majority of their revenue, and
their large and diversified economic bases. In Moody's view, these
factors counterbalance their limited cash reserves and significant
exposure to foreign currency debt.
Istanbul's B1 rating reflects its large and diversified economy,
continuing robust operating performance, high self-funding capacity
and valuable asset base, which provides fiscal flexibility to
accommodate increasing capital spending and a strong likelihood
that the Turkish government would provide support if the city was
to face acute liquidity stress. On the other hand, Istanbul's
rating is constrained by its relatively high debt burden, which
will remain elevated during 2019-20 and facing upward pressure on
debt servicing costs given the city's significant exposure to
foreign currency debt.
Izmir's B1 rating reflects its very high and stable operating
balance, exceeding 50% of operating revenue in 2018. Izmir's credit
profile benefits from the third-largest economic base in the
country and a moderate likelihood that the Turkish government would
provide support if the city was to face acute liquidity stress. At
the same time, the rating is constrained by the moderately high
indirect debt of municipal-related entities and the city's high
exposure to foreign currency debt.
RATIONALE FOR MAINTAINING THE NEGATIVE OUTLOOKS
The negative outlook on both cities mirrors the outlook of the
Government of Turkey.
WHAT COULD MOVE THE RATINGS UP/DOWN
A downgrade of Turkey's sovereign rating would lead to a downgrade
of the two cities' ratings. For both Istanbul and Izmir, a strained
liquidity situation could trigger a downgrade. Similarly, for both
cities, downward ratings pressure may also arise from a sustained
growth in debt and debt servicing costs.
An upgrade of the two cities' ratings is unlikely given the
negative outlook. An upgrade of Turkey's sovereign rating may exert
positive pressure, provided that both cities display improving
idiosyncratic metrics.
The specific economic indicators, as required by EU regulation, are
not available for the Metropolitan Municipality of Istanbul and
Metropolitan Municipality of Izmir. The following national economic
indicators are relevant to the sovereign rating, which was used as
an input to this credit rating action.
Sovereign Issuer: Turkey, Government of
GDP per capita (PPP basis, US$): 27,956 (2018 Actual) (also known
as Per Capita Income)
Real GDP growth (% change): 2.6% (2018 Actual) (also known as GDP
Growth)
Inflation Rate (CPI, % change Dec/Dec): 20.3% (2018 Actual)
Gen. Gov. Financial Balance/GDP: -2.6% (2018 Actual) (also known as
Fiscal Balance)
Current Account Balance/GDP: -3.5% (2018 Actual) (also known as
External Balance)
External debt/GDP: [not available]
Level of economic development: Moderate level of economic
resilience
Default history: At least one default event (on bonds and/or loans)
has been recorded since 1983.
SUMMARY OF MINUTES FROM RATING COMMITTEE
On June 14, 2019, a rating committee was called to discuss the
ratings of the Istanbul, Metropolitan Municipality of; Izmir,
Metropolitan Municipality of. The main point raised during the
discussion was: The systemic risk in which the issuer operates has
materially increased.
===========================
U N I T E D K I N G D O M
===========================
BATHSTORE: Set to Enter Into Administration, 700 Jobs at Risk
-------------------------------------------------------------
Levi Winchester at Express.co.uk reports that Bathstore is on the
verge of appointing administrators in what would be the latest
casualty to hit the beleaguered UK high street.
According to Express.co.uk, as many as 700 employees across 178
stores could be at risk after the UK's biggest bathroom specialist
lined up accountancy firm BDO to handle a potential insolvency
process.
A notice of intention to appoint BDO could be filed as soon as this
week, Express.co.uk relays, citing to Sky News.
Bathstore was bought by American billionaire Warren Stephens in
2014 and is based in Welwyn Garden City, Express.co.uk recounts
The bath specialist entered a turnaround plan to restore profits in
2018, during which time the company hired current chief executive
Ian Herrett, Express.co.uk. discloses.
BURY FC: Proposes Company Voluntary Arrangement to Creditors
------------------------------------------------------------
Adam Lord at Bury Times reports that Bury FC owner Steve Dale has
sent a proposed company voluntary arrangement to the club's
creditors.
According to Bury Times, the Gigg Lane club is in the midst of a
financial crisis and saw a winding-up petition led by HMRC
adjourned at the High Court on June 19.
The stricken Shakers have been given six weeks to sort out their
future and owner Dale has moved to try and settle the club's debts
via a CVA, Bury Times discloses.
If creditors agree to the deal, then the Shakers could face a
12-point deduction having returned to League One with promotion
last season, Bury Times states.
Steven Wiseglass, a director at Inquesta Corporate Recovery &
Insolvency, is acting on behalf of Mr. Dale, Bury Times notes.
Bury Football Club is an English professional association football
club based in Bury, Lancashire, England. Known as "The Shakers",
the team play in white shirts and navy blue shorts.
COBRA BEER: Karan Bilimoria Has Yet to Repay Creditors
------------------------------------------------------
Colin Keatinge at Bloomberg News, citing the London-based Times,
reports that Karan Bilimoria, who is being lined up to take over
the Confederation of British Industry, has yet to repay creditors
who lost GBP70 million from the collapse of his Cobra Beer company
ten years ago, and says investors will need to wait for their
turn.
According to Bloomberg, the newspaper cited him as saying "I
continue to work tirelessly to settle creditors".
The Troubled Company Reporter-Europe reported in June 2009, citing
the the Sunday Times, that Cobra Beer was bought out of
administration via a GBP14 million pre-pack deal, whereby the
company was acquired by Molson Coors, maker of Carling lager, in a
joint venture with Lord Bilimoria. TCR-Europe, citing
Telegraph.co.uk, noted that Lord Bilmoria was forced to put the
company into administration after failing to secure a sale or a
company voluntary arrangement (CVA). Citing the administrators,
Telegraph.co.uk said the company had run into financial
difficulties as a result of the economic downturn.
EMERALD 2 LTD: Moody's Raises CFR to B2, Outlook Stable
-------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating and
the probability of default rating of global environmental health
and safety consultancy Emerald 2 Limited to B2 from B3 and to B2-PD
from B3-PD respectively. Outlook remains stable.
Concurrently, Moody's has assigned a B1 rating to the proposed
first lien facilities borrowed by Eagle 4 Limited and other group
subsidiaries: $500 million first lien term loan and $200 million
first lien term loan (EUR equivalent) due 2026 and pari passu
ranking $125 million revolving credit facility due 2025. It has
also assigned a Caa1 rating to a $175 million second-lien term loan
due 2027 also borrowed by Eagle 4 Limited. Outlook assigned
stable.
The proceeds from the term loan facilities, together with $17
million cash on balance sheet will be used to refinance existing
debt. Moody's expects to withdraw the ratings on the existing debt
instruments upon debt repayment.
RATINGS RATIONALE
The rating upgrade reflects ERM's positive trading performance over
the last 12-18 months due to the improvement in market conditions
in key commodities markets as well as increased sector revenue
diversification, which has allowed ERM to tap into the growing
importance of environmental and sustainability considerations.
Consequently, the Moody's adjusted financial leverage has reduced
to 6.3x as at fiscal year 2019, ended March 31, 2019, pro-forma for
the entities to be contributed into the group as a result of the
proposed transaction.
ERM's CFR of B2 reflects the group's: (1) strong market position as
the only global pure-play provider of environmental consulting
services; (2) relatively stable EBITDA margin through the cycle,
supported by active cost management; (3) solid free cash flow
generation and (4) increased demand for ERM's services should be
underpinned by growing importance of sustainability considerations
and increasingly stringent environmental regulation.
Conversely, the CFR also reflects (1) competitive and fragmented
market where ERM competes with larger engineering companies and
management consultancy firms; (2) the flexibility of the cost base
is tempered by the need to retain and attract qualified workforce
and the reliance on key partners that hold the commercial
relationships; (3) Moody's Adjusted Leverage remains high at 6.3x
at closing of the transaction and (4) exposure to cyclical sectors,
including energy and mining.
Moody's expects leverage to remain high although gradually reducing
below 6x over the next 12-18 months. In addition to underlying
economic growth, increasingly stringent regulation over
environmental and health and safety risks, and growing importance
of sustainability and social considerations support ERM's growth.
However, ERM's deleveraging profile may be slowed by future debt
funded acquisitions given the fragmented nature of the market and
the ongoing consolidation.
RATING OUTLOOK
The stable outlook reflects Moody's expectations that the company
will continue to improve revenues and margins resulting in Moody's
adjusted leverage reducing gradually below 6x over the next 12-18
months whilst maintaining an adequate liquidity profile.
FACTORS THAT COULD LEAD TO AN UPGRADE
Upward pressure on the rating could occur if debt/EBITDA falls
below 5.5x and FCF/debt increases towards high single digits for a
sustained period of time, whilst maintaining solid EBITDA margins
and EBITA/Interest comfortably above 2x.
FACTORS THAT COULD LEAD TO A DOWNGRADE
Downward pressure on the rating could develop if ERM's liquidity
position deteriorates, debt/EBITDA trends towards 7x, FCF/debt
trends towards low single digits or EBITA/Interest deteriorates
below 1.5x for a sustained period of time.
LIQUIDITY PROFILE
ERM's liquidity profile remains adequate, with $170 million cash on
balance sheet at March 2019 pro forma for the transaction. Moody's
notes that $140 million are held at Reach Centrum, a Belgium
subsidiary acquired in March 2015, made up predominantly of client
deposits to cover the costs of ongoing compliance with the REACH
regulation in the EU. Management considers that the Reach Centrum
cash is available as a source of liquidity for the group. Moody's
expect that a proportion of the remainder $30m cash will be held in
certain entities where cash must be remitted via dividends and thus
not readily available for group liquidity purposes. In addition,
ERM's liquidity will be supported by a new upsized 6-year $125
million revolving credit facility (RCF), fully available with the
exception of $3.5 million used for guarantees. Moody's anticipate
that the group will maintain significant headroom under its
springing First Lien Net Leverage covenant test, applicable when
the RCF is drawn above 40%.
STRUCTURAL CONSIDERATIONS
The company's debt facilities as at March 31, 2019, pro forma for
the transaction, include $500 million and $200 million (EUR
equivalent) first lien term loan, due 2026, a pari passu ranking
$125 million revolving credit facility due 2025, and a $175 million
second lien term loan due 2027.
The B1 rating on the first lien senior secured facilities, one
notch above the CFR, reflects the cushion provided by the second
lien facility. The Caa1 rating on the second lien debt likewise
reflects its subordination to prior ranking first lien debt.
LIST OF AFFECTED RATINGS
Upgrades:
Issuer: Emerald 2 Limited
Probability of Default Rating, Upgraded to B2-PD from B3-PD
Corporate Family Rating, Upgraded to B2 from B3
Assignments:
Issuer: Eagle 4 Limited
BACKED Senior Secured 1st Lien Bank Credit Facility, Assigned B1
BACKED Senior Secured 2nd Lien Bank Credit Facility, Assigned Caa1
Outlook Actions:
Issuer: Eagle 4 Limited
Outlook, Assigned Stable
Issuer: Emerald 2 Limited
Outlook, Remains Stable
INEOS GROUP: Fitch Affirms BB+ LongTerm IDR, Outlook Stable
-----------------------------------------------------------
Fitch Ratings has affirmed Ineos Group Holdings' Long-Term Issuer
Default Rating at 'BB+' with Stable Outlook. Fitch has
simultaneously affirmed the group's senior secured debt at
'BBB-'/'RR2' and subordinated debt at 'BB'/'RR5'.
Ineos's rating continues to reflect the group's position as one of
the world's largest commodity chemical producers, with leading
market positions in Europe and in the US where it benefits from
advantageous raw material costs, large-scale integrated production
facilities with feedstock flexibility, and deep integration with
suppliers and customers. Rating constraints include Ineos's
exposure to cyclical and commoditised chemicals, a financial
profile commensurate with a 'BB' category rating, and corporate
governance deficiencies compared with other privately owned
Fitch-rated issuers with similarly concentrated ownership.
The Stable Outlook reflects its view that the headroom under its
3.5x net leverage negative sensitivity will gradually widen from
2020 and provide some flexibility for the large-scale projects
under consideration in Europe and Saudi Arabia. Fitch forecasts
Ineos's funds from operations (FFO) net leverage will increase to
3.5x at end-2019 on the back of the EUR1.45 billion one-off
dividends paid in February 2019. Its base case also assumes
supply-driven weakness in the US polyethylene market.
KEY RATING DRIVERS
Capex Intensity Likely Rise: Ineos has announced a EUR3 billion
project for a gas cracker and polypropylene dehydrogenation (PDH)
unit in Antwerp, as well as an agreement with Saudi Aramco and
Total to build three large-scale plants in Saudi Arabia for an
estimated USD2 billion (EUR1.8 billion). Its base case incorporates
the capex for the European investment in 2021-2022, which Fitch
understands would take priority, although the final investment
decision, financial structure and funding arrangements have not yet
been finalised. Its current assumption is that the timeline and
funding of the complex in Saudi Arabia will be beyond the rating
horizon.
Limited Financial Headroom: Ineos paid a EUR1,450 million dividend
to its parent in February 2019. As a result, Fitch forecasts free
cash flow (FCF) will turn sharply negative in 2019 for the first
time over the past fourr years, with net debt above EUR5 billion.
Coupled with its EBITDA forecast of EUR1.9 billion EBITDA and flat
capex in 2019, this will translate in FFO net adjusted leverage of
3.5x at end-2019, which leaves minimal headroom for material
unexpected headwinds or shareholder distributions. Its base case
forecasts widening headroom thereafter on the back of a rebound in
EBITDA levels supporting broadly neutral FCF despite high
expansionary capex rising to EUR1.5 billion from 2020. Dividends
are assumed at around EUR200 million.
Strong Performance in 2018: In 2018, Ineos's performance exceeded
its conservative forecasts, primarily due to higher than expected
prices across the petrochemical value chain, underpinned by
elevated oil prices and healthy supply-demand balance. Fitch notes
that higher feedstock costs, lower cracker margins due to increased
competition and depreciation of the US dollar against the euro
translated into lower overall EBITDA by EUR240 million than in
2017. The group recorded increased olefins and polymers (O&P) sales
volumes in North America and maintained stable EBITDA in its
chemical business.
Supply-driven Margin Pressure: Fitch expects the EBITDA margin to
remain in the 13%-15% range from 2020 onwards as planned US
capacity additions result in normalised top-of-the-cycle margins
for US operations, and despite the support that low medium-term
Fitch-projected oil prices would bring to the European operations.
The cost advantage for US ethylene production based on natural gas
liquid feedstock has spurred capacity expansion activity, with
additional ethylene capacity likely to come on line in 2019.
Accordingly, Fitch expects Ineos's overall EBITDA to decline to
EUR1.9 billion in 2019 and around EUR2.0 billion from 2020,
compared with EUR2.3 billion in 2018.
Strong Recoveries for Secured Debt: Up to 78% of the company's
total debt at end-2018 consisted of senior debt that ranks pari
passu across the facilities and is secured by first-ranking liens
including share pledges and mortgage. The noteholders benefit from
negative pledge and cross default clauses with no financial
maintenance covenants. The secured notes are rated one notch above
the IDR to reflect its exceptional recoveries. In contrast,
subordinated debt is rated one notch below the IDR reflecting its
structural and contractual subordination which is likely to result
in poor recovery rates.
Large Scale, Commodity Chemicals Manufacturer: Ineos is an
intermediate holding company within the wider Ineos group, which
operates within the commoditised petrochemical segments of O&P. The
company is one of the world's largest commodity chemical
manufacturers, with EUR16 billion turnover and 32 manufacturing
sites in six countries throughout the world. Ineos's products are
the key building blocks to create a variety of olefin derivatives
and serve a broad and diverse range of end markets, including
packaging, construction, automotive, white goods and durables,
agrochemicals and pharmaceuticals.
Cyclical Credit Profile: The inherently cyclical nature of the
commodity chemicals sector means Ineos is subject to feedstock and
end-product price volatility, driven by prevailing market
conditions, demand/supply drivers - especially with new
lower-quartile cost capacity coming online globally - and
stocking/de-stocking patterns alongside the chemical value chain.
Ineos manages volatility by capitalising on its critical mass as a
leading integrated petrochemical producer, with strong links to a
large customer and supplier base, and by leveraging feedstock
flexibility in its production sites. Earnings volatility is also
mitigated by the company's geographical and product
diversification.
Corporate Governance Deficiencies: Ineos's corporate governance
deficiencies are incorporated into the 'BB+' rating and centre
around a lack of independent directors, the company's three-person
private shareholding and key person risk. The structure of the
wider Ineos group is also complex, with restricted group perimeters
around certain businesses, and limited transparency on Ineos's
strategy around related-party transactions and dividends. These
factors are mitigated by the strong systemic governance in the
countries where the group operates and its record of no governance
failures, reasonable ordinary dividend distributions, related-party
transactions on an arm's length basis, and solid financial
reporting.
DERIVATION SUMMARY
Ineos's credit profile reflects its large scale, multiple
manufacturing facilities across North America and Europe, and
exposure to volatile and commoditised olefins and derivatives. This
makes it consistent with sector peers, such as Westlake Chemical
Corporation (BBB/Stable), Saudi Basic Industries Corporation
(A+/Stable), NOVA Chemicals Corporation (BBB-/Negative) and PAO
SIBUR Holding (BB+/Positive).
Ineos has stronger market-leading positions, is of larger scale and
has greater diversification and production flexibility compared
with Westlake, SIBUR and NOVA, which are more regional
petrochemical companies. However, Ineos has an overall weaker
feedstock position due to its lower margin European O&P and
intermediates business, which translates into mid-to-high teens
EBITDA margin compared with 25%-35% levels demonstrated by lower
cost peers. Ineos's leverage profile is also a relative weakness as
Fitch expects its leverage to peak at 3.5x in 2019 against all
peers sitting below 3x.
Ineos also differs from peers from the company's governance
perspective as it is a part of wider Ineos group embracing other
chemical businesses, mostly in Europe, with three-person private
shareholding. Ineos has a track record of successful yet
opportunistic M&A activities and related party transactions across
the group, as well as unexpected one-off dividends upstream across
key Ineos businesses in February 2019. These governance weaknesses
are incorporated in the IDR and are partly mitigated by the arm's
length basis and moderate scale of related party transactions,
adequate financial reporting and lack of overly aggressive
shareholder-friendly actions.
KEY ASSUMPTIONS
- Sales volumes to decline by low single digit across the segments
on turnarounds in Europe in 2019 and normalised US capacity
utilisation rates in 2019, broadly flat levels thereafter
- Ethylene and ethylene-based intermediates and polyolefins prices
to have marginally negative dynamics partially reflecting Fitch's
oil price deck: Brent at USD65/bbl in 2019, USD62.5/bbl in 2020 and
USD60/bbl in 2021
- EBITDA margin moderation towards around 13% in 2019-2020 from
14.2% in 2018 as weaker European operations and flat Chemical
Intermediates margins offset the partial cheaper gas-driven margin
rebound of North American operations
- Capex flat in 2019 at EUR1.2 billion with further gradual
increase towards EUR1.5 billion as ongoing projects' culmination is
offset by the upcoming potential projects
- Ordinary dividends in line with the 2018 level
RATING SENSITIVITIES
Developments That May, Individually or Collectively, Lead to
Positive Rating Action
- FFO adjusted net leverage maintained at or under 2x through the
cycle and through the peak of capacity additions.
- Corporate governance improvements; in particular, better
transparency on decisions regarding dividends and related-party
loans, a more varied shareholding structure mitigating key person
risk and independent directors on the board.
Developments That May, Individually or Collectively, Lead to
Negative Rating Action
- Prolonged market pressure translating in EBITDA margin below
10%.
- Aggressive capex, dividends or intra-group loans leading to
sustained negative FCF and/or FFO adjusted net leverage over 3.5x.
- Significant deterioration in business profile factors such as
cost advantage, scale, diversification or product leadership.
- Corporate governance failing, including, but not limited to,
transparency of reporting, beneficial shareholder actions or
related-party loans on favourable terms.
LIQUIDITY AND DEBT STRUCTURE
Comfortable Liquidity: As of December 2018, Ineos had readily
available cash of EUR1.8 billion against short-term debt of EUR61
million and Fitch's forecast negative FCF of EUR1 billion in 2019,
mainly driven by a EUR1.45 billion dividend payment. Although not
treated as a source of liquidity under its methodology, Fitch also
notes that Ineos has access to a securitisation facility of EUR800
million, of which EUR287 million was drawn at end-2018.
SUMMARY OF FINANCIAL ADJUSTMENTS
EUR148 million operating leases capitalised using 8x multiple EUR29
million issue costs added back to debt figure
JISTCOURT: Enters Administration, 50 Jobs at Risk
-------------------------------------------------
BBC News reports that Jistcourt, a Port Talbot construction
company, has gone into administration putting about 50 jobs at
risk.
Rob Norman, chairman of Jistcourt, said after almost 40 years
trading, it had "unfortunately" filed a notice of intention, BBC
relates.
According to BBC, Huw Powell -- Huw.Powell@begbies-traynor.com --
of administrators Begbies Traynor said "challenging, loss-making
projects" caused cash problems.
"Despite a strong order book, this has left the business with a
legacy of debt and no way of rectifying the situation," BBC quotes
Mr. Powell as saying.
"Reluctantly, the directors have taken the difficult step of making
47 of their 66 employees redundant.
"Together with the remaining staff, Jistcourt's directors will be
working with clients on remaining live projects to bring them to a
workable conclusion."
Jistcourt, founded in 1980, specializes in housing association and
local authority developments.
LONDON CAPITAL: Police Arrests Fifth Person in Collapse Probe
-------------------------------------------------------------
James Booth at City A.M. reports that police on June 19 arrested
millionaire businessman
Paul Careless in connection with the collapse of mini-bond
investment firm London Capital & Finance (LCF).
He is the fifth person arrested as part of a Serious Fraud Office
(SFO) investigation into LCF's failure, City A.M. notes.
According to City A.M., an SFO spokesperson said: "On June 19,
2019, search warrants were executed at several properties in the
Home Counties. One individual was arrested and released pending
further investigation. The operation was conducted with the
assistance of the National Crime Agency."
LCF went into administration in January owing GBP236 million to
more than 11,000 investors, City A.M. recounts.
Its collapse is being investigated by the Financial Conduct
Authority and the SFO, which has made five arrests, City A.M.
discloses.
MORTIMER BTL 2019-1: Moody's Lowers Class E Notes to (P)Caa1
------------------------------------------------------------
Moody's Investors Service downgraded the provisional ratings of
Class D Notes, Class E Notes and Class X Notes in Mortimer BTL
2019-1 PLC:
GBP[]M Class D Mortgage Backed Floating Rate Notes due [June
2051], Downgraded to (P)Baa2 (sf), previously on May 29, 2019
rated (P)Baa1 (sf)
GBP[]M Class E Mortgage Backed Floating Rate Notes due [June
2051], Downgraded to (P)Caa1 (sf), previously on May 29, 2019
rated (P)B3 (sf)
GBP[]M Class X Mortgage Backed Floating Rate Notes due [June
2051], Downgraded to (P)B2 (sf), previously on May 29, 2019
rated (P)B1 (sf)
The rating action reflects the correction of an input error by
Moody's in the yield vector assumption used in its cash flow
analysis. Moody's has not taken any rating action as a result of
the correction on the Class A, B and C Notes, which correspond to
approximately 93.5% of the underlying portfolio.
RATINGS RATIONALE
The rating action is prompted by the correction to an input error
by Moody's in the yield vector used to model the cash flow of the
transaction. The yield vector used to assign provisional ratings
did not include any stress related to the basis risk arising
because of a potential mismatch between LIBOR paid by the
underlying mortgages and the SONIA rate paid under the Notes.
All the mortgages in the pool carry a fixed rate resetting to
3-month LIBOR + a margin at their reset date. The transaction
benefits from a swap agreement to mitigate the fixed-floating
mismatch between the initial fixed rate paid by the mortgages and
the SONIA + margin paid under the Notes. The mismatch between the
reset floating rate of the mortgages and the floating rate of the
Notes will remain unhedged and could reduce available cash to pay
items in the waterfall in particular impacting the ratings on
Classes D, E and X.
The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
March 2019.
The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.
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; and (3) improvements in the credit quality of the
transaction counterparties.
Factors or circumstances that could lead to a downgrade of the
ratings include: (1) an increase in sovereign risk; (2) performance
of the underlying collateral that is worse than Moody's expected;
(3) deterioration in the Notes' available credit enhancement; and
(4) deterioration in the credit quality of the transaction
counterparties.
PATISSERIE VALERIE: Five People Arrested Over Accounting Fraud
--------------------------------------------------------------
BBC News reports that the Serious Fraud Office said five people
have been arrested and questioned over alleged accounting fraud at
the Patisserie Valerie chain.
The SFO said the arrests took place last Tuesday, June 18, in a
joint operation with police, BBC relates.
The move comes eight months after the firm's former finance
director, Chris Marsh, was arrested and freed on bail, BBC notes.
Patisserie Valerie went into administration in January and was
bought for GBP5 million by Causeway Capital, BBC recounts.
The collapse followed the discovery of a huge black hole in the
firm's accounts, eventually valued at GBP94 million, BBC states.
After it went into administration, the cafe chain was found to have
overstated its cash position by GBP30 million and failed to
disclose overdrafts of nearly GBP10 million, BBC relays.
The cafe chain had 206 outlets and 3,000 staff when it collapsed,
according to BBC.
PINNACLE BIDCO: Moody's Raises CFR to B2, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded Pinnacle Bidco plc's corporate
family rating to B2 from B3 and probability of default rating to
B2-PD from B3-PD. Concurrently, Moody's has upgraded instrument
ratings on the GBP430 million senior secured notes due 2025 to B2
from B3 and on the GBP60 million super senior revolving credit
facility due 2024 to Ba2 from Ba3, all borrowed by Pinnacle Bidco
plc. The outlook remains stable.
"The upgrade reflects solid EBITDA growth and its expectation that
Pure Gym's Moody's adjusted leverage will stay below 6.5x over the
next 12-18 months. The growth was supported by successful expansion
of the company's network and increase in average price paid by the
members" -- says Egor Nikishin, the lead analyst for Pure Gym.
RATINGS RATIONALE
Pure Gym has significantly decreased its leverage: Moody's adjusted
debt / EBITDA was down to 6.0x as of March 2019 from 7.1x as of
September 2017, when the initial rating was assigned. Although
following the GBP40 million tap bond issuance in May, the leverage
increased to around 6.4x, Moody's expects it to remain below the
trigger of 6.5x and to gradually improve towards 6x, supported by
further expansion of the network and earnings growth. Moody's
believes the tap has effectively pre-funded Pure Gym's capital
spending needs for the next 12-18 months.
Pure Gym benefits from its leading position as the largest UK gym
operator, by number of members and of sites. As of March 2019 the
company operated 230 sites and had an estimated 10% market share by
number of members and around 40% more members than the second
largest competitor by this measure, The Gym Group plc, which like
Pure Gym is positioned in the value segment. Moody's expects that
Pure Gym's established operations, good brand visibility, and
continued new openings will enable the company to organically grow
its revenue by 9%-10% per year over the next 12-18 months, further
growing the value segment of the UK health and fitness market in
the process.
Pure Gym's ratings also reflect (1) relatively high reported EBITDA
margins of around 35% as a result of an efficient cost structure
driven by low labour costs (2) still favourable market dynamics
with the value segment expected to continue to attract members from
mid-market gyms; (3) simple and clear price offering supported by
user-friendly technology; and (4) more than 90% of revenue
generated from recurring monthly membership payments.
However less positively, the ratings incorporate the highly
competitive nature of the health and fitness market, and the
broader leisure one. Moody's believes that barriers to entry to the
gym market are low, which perpetuates a high degree of competition
among operators. Moreover, competition has been intensifying over
the last several years on the back of rapid expansion of the value
gym operators.
The company's ratings are also constrained by (1) the lack of
geographic diversification outside the UK and the limited scale of
the business; (2) the company's very quick growth achieved over the
last several years which poses execution risks, although so far the
company has been successfully in building a track record of
managing the expansion profitably and in line with its plan; (3)
the embedded exposure to macro-economic trends and shifts in
discretionary consumer spending which are only partially mitigated
by Pure Gym's low-cost offering; and (4) the high member churn
rates as a result of a distinctive business model with no
fixed-term contracts.
LIQUIDITY PROFILE
Pure Gym's liquidity is good, supported by GBP16 million of cash as
of March 2019, GBP40 million proceeds from the tap bond issuance in
May 2019 and its GBP60 million undrawn SSRCF.
Moody's understands that the company has a good quality estate,
with more than half of the gyms having been operating for less than
four years, and as such no material refresh/catch up capex
programme should be expected in the next 12-18 months. Working
capital benefits from advance payments from members while major
suppliers are paid in arrears.
The company's free cash flow (FCF) - calculated after interest
expense, taxes, working capital changes and capex -- has
historically been negative, due to organic openings and conversion
of acquired gyms, but turned positive at GBP20 million in 2018.
Moody's expects FCF to remain positive, albeit limited at around
GBP5-GBP10 million per year, over the next 12-18 months as the
company continues to roll-out new gyms to further strengthen Pure
Gym's leading position in the UK.
The SSRCF has one springing covenant (senior secured leverage - as
calculated by the management) that is tested when the facility is
over 40% drawn. The senior secured leverage covenant is set at net
debt of 7.7x Run Rate Adjusted EBITDA and currently leverage as
determined by management is less than 4x in this basis.
STRUCTURAL CONSIDERATIONS
As of June 2019, the capital structure comprises GBP430 million of
senior secured notes due 2025, a GBP60 million SSRCF due 2024, and
GBP321 million of shareholder loan that Moody's treats as equity.
The B2 instrument rating on the notes is in line with the company's
CFR while the Ba2 instrument rating on the RCF reflects its super
senior ranking ahead of the notes. Both the notes and SSRCF are
secured by first-priority interests over substantially all the
assets of Pure Gym and the Guarantors. The facilities are
guaranteed by group companies representing not less than 80% of
group's consolidated EBITDA.
RATING OUTLOOK
The stable outlook reflects Moody's expectation that the company
will continue to maintain Moody's adjusted leverage below 6.5x
while further increasing revenue and EBITDA through successful gym
openings. The stable outlook also assumes that the company will
maintain adequate liquidity at all times.
FACTORS THAT COULD LEAD TO AN UPGRADE
Positive pressure could arise if: (1) the company continues to
deliver positive organic revenue and EBITDA and significantly
increases scale and diversification of its operations; (2) Moody's
adjusted Debt/EBITDA decreases below 5x and (3) RCF / Net debt is
maintained well above 10%.
FACTORS THAT COULD LEAD TO A DOWNGRADE
Downward pressure could materialise if (1) Moody's adjusted gross
leverage increases above 6.5x; (2) RCF / Net debt deteriorates
sustainably below 10%; (3) the liquidity profile materially
weakens; or (4) there is any significant decline in number of
members or in membership yield.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week June 17 to June 21, 2019
-------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
Thomas Cook Group PLC 6.250 6/15/2022 EUR 46.657
Thomas Cook Finance 2 P 3.875 7/15/2023 EUR 44.164
Officine Maccaferri-SpA 5.750 6/1/2021 EUR 50.202
La Financiere Atalian S 4.000 5/15/2024 EUR 72.653
Sudzucker International 2.791 EUR 73.690
Distribuidora Internaci 0.875 4/6/2023 EUR 56.766
Banca Monte dei Paschi 5.375 1/18/2028 EUR 58.854
Distribuidora Internaci 1.000 4/28/2021 EUR 63.836
Senvion Holding GmbH 3.875 10/25/2022 EUR 37.005
Aegon NV 0.232 EUR 70.733
Mallinckrodt Internatio 4.750 4/15/2023 USD 73.175
Casino Guichard Perrach 3.992 EUR 59.666
Moby SpA 7.750 2/15/2023 EUR 31.682
Casino Guichard Perrach 1.583 EUR 37.709
Intralot Capital Luxemb 5.250 9/15/2024 EUR 47.800
Teva Pharmaceutical Fin 4.100 10/1/2046 USD 68.643
La Financiere Atalian S 5.125 5/15/2025 EUR 72.449
Astaldi SpA 7.125 12/1/2020 EUR 24.493
Nostrum Oil & Gas Finan 8.000 7/25/2022 USD 69.862
Nyrstar Netherlands Hol 6.875 3/15/2024 EUR 42.052
Intralot Capital Luxemb 6.750 9/15/2021 EUR 69.100
Aldesa Financial Servic 7.250 4/1/2021 EUR 70.341
Rothschild & Co Continu 0.670 EUR 70.127
Fuerstenberg Capital II 5.625 EUR 67.600
Debenhams PLC 5.250 7/15/2021 GBP 42.072
Mallinckrodt Internatio 5.500 4/15/2025 USD 73.955
Ensco Rowan plc 5.750 10/1/2044 USD 63.605
Air France-KLM 0.125 3/25/2026 EUR 17.293
Vallourec SA 2.250 9/30/2024 EUR 72.770
Nyrstar Netherlands Hol 8.500 9/15/2019 EUR 43.273
Aegon NV 2.582 USD 72.389
Cooperativa Muratori & 6.000 2/15/2023 EUR 5.000
Obrascon Huarte Lain SA 4.750 3/15/2022 EUR 68.070
Rallye SA 4.371 1/23/2023 EUR 64.173
ING Groep NV 0.230 EUR 73.634
Constellation Oil Servi 9.500 11/9/2024 USD 41.615
Bayer Capital Corp BV 5.625 11/22/2019 EUR 72.865
Galapagos Holding SA 7.000 6/15/2022 EUR 18.591
Astaldi SpA 4.875 6/21/2024 EUR 10.097
Nostrum Oil & Gas Finan 7.000 2/16/2025 USD 66.605
AXA SA 0.548 EUR 72.114
Kirk Beauty One GmbH 8.750 7/15/2023 EUR 67.590
Banque Federative du Cr 0.979 EUR 68.309
Yasar Holding AS 8.875 5/6/2020 USD 61.665
Turkiye Is Bankasi AS 7.000 6/29/2028 USD 72.600
Rallye SA 5.250 2/1/2022 EUR 68.117
Hema Bondco II BV 8.500 1/15/2023 EUR 68.989
Aegon NV 1.425 NLG 67.906
New Look Secured Issuer 6.500 7/1/2022 GBP 29.400
Steinhoff Europe AG 1.875 1/24/2025 EUR 73.504
EA Partners I BV 6.875 9/28/2020 USD 43.418
Obrascon Huarte Lain SA 5.500 3/15/2023 EUR 67.853
Korian SA 2.500 EUR 44.521
Vallourec SA 4.125 10/4/2022 EUR 5.462
EA Partners II BV 6.750 6/1/2021 USD 43.333
Privatbank CJSC Via UK 10.250 1/23/2018 USD 30.267
Offshore Drilling Holdi 8.375 9/20/2020 USD 43.865
Ageasfinlux SA 1.041 EUR 53.057
OAS Investments GmbH 8.250 10/19/2019 USD 0.980
Boparan Finance PLC 4.375 7/15/2021 EUR 69.333
Steinhoff Finance Holdi 1.250 10/21/2023 EUR 46.419
Cooperativa Muratori & 6.875 8/1/2022 EUR 4.945
Fortenova Grupa d.d. 9.875 5/1/2019 EUR 18.950
O1 Properties Finance P 8.250 9/27/2021 USD 75.000
Pizzaexpress Financing 8.625 8/1/2022 GBP 48.837
FF Group Finance Luxemb 1.750 7/3/2019 EUR 5.809
Mitsubishi UFJ Investor 4.190 12/15/2050 EUR 54.863
Rothschild & Co Continu 2.938 USD 57.689
Credit Agricole SA 0.711 EUR 73.283
AXA SA 2.760 USD 73.899
La Financiere Atalian S 6.625 5/15/2025 GBP 71.911
Rallye SA 3.250 2/8/2024 CHF 56.225
BNP Paribas Fortis SA 1.691 EUR 74.448
Banco Santander SA 0.502 EUR 68.860
AXA SA 2.804 USD 72.932
Credit Mutuel Arkea SA 0.857 EUR 66.052
BNP Paribas SA 0.975 EUR 61.300
Odea Bank AS 7.625 8/1/2027 USD 68.921
Genfit 3.500 10/16/2022 EUR 28.963
CNP Assurances 0.480 EUR 70.092
Neopost SA 3.375 EUR 53.682
Immigon Portfolioabbau 6.082 EUR 16.153
Avangardco Investments 10.000 10/29/2018 USD 17.898
VIEO BV 6.750 9/7/2020 EUR 64.100
Boparan Finance PLC 5.500 7/15/2021 GBP 69.183
Societe Generale SA 2.962 USD 65.000
Bank Otkritie Financial 10.000 4/26/2019 USD 8.000
Air Berlin PLC 6.750 5/9/2019 EUR 2.873
Caisse Federale du Cred 0.590 EUR 68.407
Fibabanka AS 7.750 11/24/2027 USD 72.399
Bourbon Corp 6.446 EUR 4.000
Capital Raising GmbH 7.500 EUR 55.742
Maisons du Monde SA 0.125 12/6/2023 EUR 44.442
HSBC Bank PLC 3.126 USD 73.268
Banco Espirito Santo SA 2.625 5/8/2017 EUR 25.754
Econocom Group SA/NV 0.500 3/6/2023 EUR 7.003
New Look Senior Issuer 8.000 7/1/2023 GBP 1.500
Mitsubishi UFJ Investor 3.940 12/30/2099 EUR 4.844
ADLER Real Estate AG 2.500 7/19/2021 EUR 15.433
Hellenic Bank PCL 10.000 EUR 46.303
Greenyard Fresh NV 3.750 12/22/2021 EUR 66.114
Constellation Oil Servi 6.250 11/9/2019 USD 3.000
Nova Ljubljanska Banka 4.200 5/6/2029 EUR 62.415
Fortenova Grupa d.d. 9.125 2/1/2020 EUR 18.728
Air Berlin PLC 8.250 4/19/2018 EUR 3.909
FF Group Finance Luxemb 3.250 11/2/2021 CHF 6.903
HSBC Bank PLC 2.938 USD 73.541
Caixa Terrassa Societat 1.025 EUR 70.431
Grupo Isolux Corsan SA 6.000 12/30/2021 EUR 0.153
Societe Generale SA 0.744 EUR 59.180
Nyrstar NV 5.000 7/11/2022 EUR 41.757
Banco Espirito Santo SA 4.000 1/21/2019 EUR 27.918
syncreon Group BV / syn 8.625 11/1/2021 USD 36.736
HSBC Bank PLC 3.038 USD 73.541
Turkiye Sinai Kalkinma 7.625 3/29/2027 USD 74.612
Scholz Holding Gmbh 8.500 12/31/2019 EUR 0.927
Union Fenosa Preferente 1.341 EUR 74.000
GEWA 5 to 1 GmbH & Co K 6.500 3/24/2018 EUR 13.650
Portugal Telecom Intern 4.625 5/8/2020 EUR 1.207
Banco Espirito Santo SA 4.750 1/15/2018 EUR 27.135
Jyske Bank A/S 0.907 EUR 74.229
Grupo Isolux Corsan SA 0.250 12/30/2021 EUR 0.112
EOS Imaging SA 6.000 5/31/2023 EUR 6.105
Privatbank CJSC Via UK 10.875 2/28/2018 USD 31.087
Fortenova Grupa d.d. 8.875 2/1/2020 USD 19.250
New Look Secured Issuer 4.500 7/1/2022 EUR 27.540
Nexity SA 0.250 3/2/2025 EUR 64.340
Nexity SA 0.125 1/1/2023 EUR 63.809
Banco BPM SpA 1.570 EUR 72.083
Cooperatieve Rabobank U 9.250 7/15/2021 TRY 74.330
Rickmers Holding AG 8.875 6/11/2018 EUR 1.608
Jyske Bank A/S 0.735 EUR 74.010
Air Berlin PLC 5.625 5/9/2019 CHF 2.304
Pierre & Vacances SA 2.000 4/1/2023 EUR 51.529
FIGEAC-AERO 1.125 10/18/2022 EUR 23.441
Bayer Capital Corp BV 5.625 11/22/2019 EUR 73.229
Privatbank CJSC Via UK 11.000 2/9/2021 USD 6.876
Lambay Capital Securiti 6.250 GBP 1.455
BNP Paribas SA 2.726 USD 63.232
Hamon & CIE SA 5.500 1/30/2020 EUR 59.000
Portugal Telecom Intern 5.000 11/4/2019 EUR 1.504
NIBC Bank NV 2.627 USD 65.750
Banco Santander SA 0.623 EUR 68.617
Allied Irish Banks PLC 12.500 6/25/2035 GBP 72.210
Bilt Paper BV 9.640 USD 7.782
House of Fraser Funding 6.554 9/15/2020 GBP 2.437
Zaklady Miesne Henryk K 6.720 6/24/2019 PLN 56.120
Fuerstenberg Capital Er 1.319 EUR 59.579
Alno AG 8.500 5/14/2018 EUR 5.471
UkrLandFarming PLC 10.875 3/26/2018 USD 12.887
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 1.493
Turkiye Garanti Bankasi 11.500 11/12/2021 TRY 71.809
Afren PLC 6.625 12/9/2020 USD 0.029
Thomas Cook Group PLC 6.250 6/15/2022 EUR 46.610
Klarna Bank AB 5.678 SEK 66.180
Portugal Telecom Intern 5.875 4/17/2018 EUR 1.283
Cattles Ltd 8.125 7/5/2017 GBP 0.253
Barclays Bank PLC 2.938 USD 73.500
Virgolino de Oliveira F 10.500 1/28/2018 USD 4.544
Mitchells & Butlers Fin 2.970 6/15/2036 GBP 70.638
Eramet 4.000 EUR 58.884
Lloyds Bank PLC 1.705 12/27/2028 USD 70.088
Norske Skog AS 11.750 12/15/2019 EUR 65.050
Banco Espirito Santo SA 7.125 11/28/2023 EUR 0.196
Landwirtschaftliche Ren 9.500 5/23/2022 TRY 69.359
Dolphin Drilling ASA 4.280 8/28/2019 NOK 12.220
WPE International Coope 10.375 9/30/2020 USD 14.872
OGX Austria GmbH 8.500 6/1/2018 USD 0.071
Credit Lyonnais SACA 0.680 EUR 59.000
Tresu Investment Holdin 5.000 9/29/2022 EUR 37.093
Alitalia-Societa Aerea 5.250 7/30/2020 EUR 4.315
Thomas Cook Finance 2 P 3.875 7/15/2023 EUR 44.068
Portugal Telecom Intern 4.375 3/24/2017 EUR 1.460
Santhera Pharmaceutical 5.000 2/17/2022 CHF 72.274
Johnston Press Bond Plc 8.625 6/1/2019 GBP 42.841
CNP Assurances 2.000 EUR 69.000
Dexia Credit Local SA 1.417 EUR 7.435
Claranova SADIR 5.000 7/1/2023 EUR 1.180
Hybrid Raising GmbH 6.625 EUR 58.426
SSM Holding AB 8.000 5/9/2020 SEK 65.534
Scandinavian Airlines S 0.625 CHF 28.375
Lauritz.com Group A/S 7.500 12/17/2024 SEK 49.281
Nostrum Oil & Gas Finan 8.000 7/25/2022 USD 69.885
Intralot Capital Luxemb 5.250 9/15/2024 EUR 47.731
HOCHDORF Holding AG 3.500 3/30/2020 CHF 55.000
Yuksel Insaat AS 9.500 11/10/2015 USD 2.545
Barclays Bank PLC 1.813 GBP 73.819
Portugal Telecom Intern 4.500 6/16/2025 EUR 1.332
Tonon Luxembourg SA 12.500 5/14/2024 USD 2.843
OSX 3 Leasing BV 13.000 3/20/2015 USD 24.948
DNB Bank ASA 2.813 USD 65.395
Barclays Bank PLC 3.125 USD 74.250
Tonon Luxembourg SA 9.250 1/24/2020 USD 2.127
DNB Bank ASA 2.879 USD 65.476
Espirito Santo Financia 6.875 10/21/2019 EUR 0.562
Norske Skog Holding AS 8.000 2/24/2021 EUR 0.389
Lehman Brothers UK Capi 6.900 USD 3.750
Hellenic Republic Gover 2.085 7/25/2057 EUR 48.500
Breeze Finance SA 6.708 4/19/2027 EUR 28.950
Constellation Oil Servi 9.500 11/9/2024 USD 41.686
Dexia SA 1.469 EUR 8.067
Elli Investments Ltd 12.250 6/15/2020 GBP 54.654
Orient Express Bank PJS 10.000 USD 50.000
Zaklady Miesne Henryk K 6.970 3/29/2021 PLN 60.000
Norske Skogindustrier A 7.000 12/30/2026 EUR 0.115
Deutsche Bank AG/London 0.216 10/31/2034 USD 61.500
Cirio Holding Luxembour 6.250 2/16/2004 EUR 1.206
Veneto Banca SpA 9.500 12/1/2025 EUR 0.337
Lloyds Bank PLC 0.172 4/25/2034 USD 61.417
NIBC Bank NV 0.552 EUR 66.167
Stichting Afwikkeling O 11.250 EUR 0.850
Barclays Bank PLC 1.975 3/27/2029 USD 67.250
Natixis SA 0.300 6/25/2048 USD 31.841
Kommunekredit 0.500 7/30/2027 TRY 23.289
Mallinckrodt Internatio 5.500 4/15/2025 USD 73.695
New World Resources NV 4.000 10/7/2020 EUR 0.395
BAT International Finan 2.250 9/9/2052 GBP 69.956
Tonon Luxembourg SA 12.500 5/14/2024 USD 2.843
BIM SAS 2.500 11/13/2020 EUR 22.280
Tonon Luxembourg SA 9.250 1/24/2020 USD 2.127
Lehman Brothers UK Capi 3.875 EUR 8.500
Idea Bank SA 5.090 8/14/2020 PLN 65.000
DNB Bank ASA 2.837 USD 65.666
Praktiker AG 5.875 2/10/2016 EUR 0.089
Stichting Afwikkeling O 6.250 10/26/2020 EUR 4.594
KTG Agrar SE 7.250 10/15/2019 EUR 1.395
Oi Brasil Holdings Coop 5.625 6/22/2021 EUR 1.258
Lloyds Bank PLC 0.172 10/25/2033 USD 60.027
Waste Italia SpA 10.500 11/15/2019 EUR 0.587
Lehman Brothers UK Capi 5.125 EUR 8.500
International Industria 9.000 7/6/2011 EUR 0.102
Barclays Bank PLC 0.912 7/31/2034 USD 69.744
New World Resources NV 8.000 4/7/2020 EUR 1.506
Nostrum Oil & Gas Finan 7.000 2/16/2025 USD 66.464
NTRP Via Interpipe Ltd 10.250 8/2/2017 USD 28.570
GNB - Cia de Seguros de 3.191 EUR 72.269
KTG Agrar SE 7.125 6/6/2017 EUR 1.000
Virgolino de Oliveira F 11.750 2/9/2022 USD 3.000
Havila Shipping ASA 5.000 11/7/2020 NOK 48.000
Windreich GmbH 6.500 7/15/2016 EUR 8.875
Kaupthing ehf 7.625 2/28/2015 USD 0.250
Hellas Telecommunicatio 8.500 10/15/2013 EUR 0.602
Corporate Commercial Ba 8.250 8/8/2014 USD 1.837
Enertronica SpA 7.000 12/31/2022 EUR 49.890
OGX Austria GmbH 8.375 4/1/2022 USD 0.012
Intralot Capital Luxemb 6.750 9/15/2021 EUR 69.000
Afren PLC 10.250 4/8/2019 USD 0.011
Kaupthing ehf 5.750 10/4/2011 USD 0.250
Eiendomskreditt AS 5.100 NOK 60.498
Portugal Telecom Intern 6.250 7/26/2016 EUR 1.817
ESFIL-Espirito Santo Fi 5.250 6/12/2015 EUR 0.109
Nyrstar Netherlands Hol 8.500 9/15/2019 EUR 43.273
Vseukrainsky Aktsinerny 10.900 6/14/2019 USD 1.056
Afren PLC 11.500 2/1/2016 USD 0.012
Barclays Bank PLC 3.125 USD 73.708
CBo Territoria 6.000 1/1/2020 EUR 3.690
Officine Maccaferri-SpA 5.750 6/1/2021 EUR 50.234
German Pellets GmbH 7.250 7/9/2018 EUR 0.478
Erotik-Abwicklungsgesel 7.750 7/9/2019 EUR 0.771
Cooperatieve Rabobank U 0.500 7/30/2043 MXN 11.004
Transcapitalbank JSC Vi 10.000 9/18/2020 USD 56.666
Virgolino de Oliveira F 10.500 1/28/2018 USD 4.700
Banco Espirito Santo SA 2.337 EUR 0.054
Nyrstar Netherlands Hol 6.875 3/15/2024 EUR 43.768
Touax SCA-SGTR-CITE-SGT 6.000 7/10/2020 EUR 18.147
JZ Capital Partners Ltd 6.000 7/30/2021 GBP 10.000
APP International Finan 11.750 10/1/2005 USD 0.217
OGX Austria GmbH 8.500 6/1/2018 USD 0.071
Barclays Bank PLC 1.048 5/14/2029 USD 66.076
Aralco Finance SA 10.125 5/7/2020 USD 2.770
Kaupthing ehf 5.750 10/4/2011 USD 0.250
Societe Generale SA 1.600 1/9/2020 GBP 1.100
Credit Suisse AG 2.522 4/29/2031 USD 73.875
Turkey Government Bond 12.400 3/8/2028 TRY 74.750
Cirio Finanziaria SpA 8.000 12/21/2005 EUR 0.186
Windreich GmbH 6.500 3/1/2015 EUR 8.875
Hellas Telecommunicatio 6.054 1/15/2015 USD 0.304
Banca Popolare di Vicen 9.500 9/29/2025 EUR 0.277
Turkiye Garanti Bankasi 5.100 4/7/2027 EUR 65.901
Stroika Finance Ltd Via 9.900 6/25/2019 RUB 2.500
Solship Invest 1 AS 5.000 12/8/2024 NOK 10.530
Koninklijke Luchtvaart 0.750 CHF 36.500
CBo Territoria 3.750 7/1/2024 EUR 4.610
Havila Shipping ASA 5.000 11/7/2020 NOK 60.000
SeniVita Sozial gGmbH 7.000 EUR 65.000
Cooperatieve Rabobank U 0.500 2/26/2029 HUF 63.420
La Financiere Atalian S 5.125 5/15/2025 EUR 72.451
Lehman Brothers UK Capi 5.750 EUR 1.486
Offshore Drilling Holdi 8.375 9/20/2020 USD 44.023
LBI ehf 6.100 8/25/2011 USD 7.000
Lloyds Bank PLC 1.611 7/26/2033 USD 60.844
Vneshprombank Ltd Via V 9.000 11/14/2016 USD 0.001
IT Holding Finance SA 9.875 11/15/2012 EUR 0.009
Senvion Holding GmbH 3.875 10/25/2022 EUR 37.000
BBVA International Pref 1.698 GBP 63.500
Cirio Del Monte NV 7.750 3/14/2005 EUR 1.104
EFG International AG 0.791 EUR 38.000
La Financiere Atalian S 4.000 5/15/2024 EUR 72.383
Norske Skogindustrier A 2.000 12/30/2115 EUR 0.027
Zurcher Kantonalbank Fi 11.880 12/5/2019 USD 74.540
Inside Secure SA 6.000 6/29/2022 EUR 3.682
Zaklady Miesne Henryk K 6.970 3/29/2021 PLN 60.000
Lehman Brothers Treasur 2.522 10/5/2035 EUR 3.400
PNE AG 3.750 10/10/2019 EUR 3.320
Finmek International SA 7.000 12/3/2004 EUR 2.290
Yasar Holding AS 8.875 5/6/2020 USD 62.329
Societe Centrale des Bo 2.500 5/15/2023 EUR 6.780
Frey 6.000 11/15/2022 EUR 25.510
Depfa Funding II LP 6.500 EUR 55.071
Moby SpA 7.750 2/15/2023 EUR 32.141
Barclays Bank PLC 0.276 6/17/2033 USD 64.530
Banca Popolare di Vicen 2.821 12/20/2017 EUR 0.058
OAS Investments GmbH 8.250 10/19/2019 USD 0.980
Cirio Finance Luxembour 7.500 11/3/2002 EUR 3.608
Espirito Santo Financia 3.125 12/2/2018 EUR 0.089
Bulgaria Steel Finance 12.000 5/4/2013 EUR 0.381
Depfa Funding III LP 1.064 EUR 57.004
Irish Bank Resolution C 5.454 6/13/2017 HKD 48.366
Banco Pinto & Sotto May 1.146 EUR 56.000
syncreon Group BV / syn 8.625 11/1/2021 USD 36.736
Turkey Government Bond 10.600 2/11/2026 TRY 69.200
Afren PLC 10.250 4/8/2019 USD 0.011
KPNQwest NV 8.125 6/1/2009 USD 0.170
Lloyds Bank PLC 1.260 7/5/2033 USD 58.987
Banco Espirito Santo SA 2.517 EUR 1.621
HSBC France SA 0.635 EUR 45.000
Alno AG 8.000 3/21/2019 EUR 4.000
Espirito Santo Financia 9.750 12/19/2025 EUR 0.218
KPNQwest NV 10.000 3/15/2012 EUR 0.184
Barclays Bank PLC 0.995 9/13/2028 USD 69.059
German Pellets GmbH 7.250 11/27/2019 EUR 0.478
Waste Italia SpA 10.500 11/15/2019 EUR 0.587
Pescanova SA 5.125 4/20/2017 EUR 0.500
Agrokor dd Via Aquarius 4.921 8/8/2017 EUR 15.250
Del Monte Finance Luxem 6.625 5/24/2006 EUR 3.618
Republic of Italy Gover 0.051 7/31/2045 EUR 66.383
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 4.305
Steilmann SE 7.000 9/23/2018 EUR 1.429
Lehman Brothers Treasur 2.522 3/16/2035 EUR 3.400
International Industria 11.000 2/19/2013 USD 0.102
Alpine Holding GmbH 6.000 5/22/2017 EUR 0.102
Robyg SA 4.490 3/29/2023 PLN 100.200
Municipality Finance PL 0.500 6/19/2024 ZAR 65.386
Norske Skog Holding AS 8.000 2/24/2023 USD 2.761
New Look Senior Issuer 8.000 7/1/2023 GBP 1.500
Saleza AS 9.000 7/12/2021 EUR 0.500
Artea 6.000 8/4/2019 EUR 14.200
Boparan Finance PLC 5.500 7/15/2021 GBP 69.572
Akbank T.A.S. 6.797 4/27/2028 USD 75.458
Pescanova SA 8.750 2/17/2019 EUR 0.500
AKB Peresvet ZAO 0.510 2/14/2032 RUB 18.010
Elli Investments Ltd 12.250 6/15/2020 GBP 54.654
Mriya Agro Holding PLC 9.450 4/19/2018 USD 7.420
Manchester Building Soc 6.750 GBP 10.742
A-TEC Industries AG 8.750 10/27/2014 EUR 0.357
CRC Breeze Finance SA 6.110 5/8/2026 EUR 45.625
Lehman Brothers Treasur 2.522 11/2/2035 EUR 3.400
Turkey Government Bond 10.500 8/11/2027 TRY 67.300
KPNQwest NV 8.875 2/1/2008 EUR 0.170
Cooperatieve Rabobank U 0.500 1/31/2033 MXN 26.947
Barclays Bank PLC 0.990 9/29/2034 USD 67.639
Portigon AG 7.460 12/31/2019 EUR 28.400
Cooperatieve Rabobank U 0.500 10/30/2043 MXN 10.816
Lehman Brothers Treasur 5.100 5/8/2017 HKD 3.400
MS Deutschland Beteilig 6.875 12/18/2017 EUR 1.810
PA Resources AB 13.500 3/3/2016 SEK 0.124
Region of Abruzzo Italy 0.150 11/7/2036 EUR 64.170
Russian Railways JSC 8.800 4/7/2027 RUB 85.000
Pierre & Vacances SA 3.500 10/1/2019 EUR 36.188
Barclays Bank PLC 1.650 3/27/2029 USD 67.250
Privatbank CJSC Via UK 10.875 2/28/2018 USD 31.087
Fortenova Grupa d.d. 8.875 2/1/2020 USD 18.820
BNP Paribas SA 0.500 9/29/2029 AUD 74.838
Turkey Government Bond 11.000 2/24/2027 TRY 67.800
Republic of Italy Gover 0.056 7/31/2045 EUR 63.793
Sberbank of Russia PJSC 12.270 1/2/2026 RUB 70.470
Astaldi SpA 7.125 12/1/2020 EUR 25.899
KPNQwest NV 7.125 6/1/2009 EUR 0.170
Sairgroup Finance BV 4.375 6/8/2006 EUR 10.250
Decipher Production Ltd 12.500 9/27/2019 USD 1.500
SAG Solarstrom AG 7.500 7/10/2017 EUR 31.000
Svensk Exportkredit AB 0.500 4/24/2029 AUD 73.044
Rio Forte Investments S 4.000 7/22/2014 EUR 5.751
Sequa Petroleum NV 5.000 4/29/2020 USD 68.928
Solon SE 1.375 12/6/2012 EUR 0.488
Societe Generale SA 12.000 5/29/2020 USD 58.550
Hema Bondco II BV 8.500 1/15/2023 EUR 69.904
Steilmann SE 7.000 3/9/2017 EUR 1.429
Chr Bygga Bostader Hold 9.023 7/5/2021 SEK 50.000
Finans-Avia OOO 9.000 7/31/2022 RUB 23.500
Boparan Finance PLC 4.375 7/15/2021 EUR 69.616
Deutsche Bank AG/London 9.170 6/4/2020 TRY
Norske Skog AS 11.750 12/15/2019 EUR 64.490
Banco Espirito Santo SA 6.875 7/15/2016 EUR 26.375
Banco Espirito Santo SA 6.900 6/28/2024 EUR 25.500
International Finance F 0.500 6/24/2024 ZAR 65.556
Eiendomskreditt AS 4.670 NOK 55.868
SAir Group 0.125 7/7/2005 CHF 7.250
Afren PLC 6.625 12/9/2020 USD 0.029
Lehman Brothers Treasur 6.000 3/18/2015 USD 3.400
Barclays Bank PLC 1.235 2/28/2034 USD 71.096
O1 Properties Finance P 8.250 9/27/2021 USD 73.983
Steilmann SE 6.750 6/27/2017 EUR 2.184
Mox Telecom AG 7.250 11/2/2017 EUR 2.245
Bank Julius Baer & Co L 7.300 6/3/2019 EUR 60.100
Rosneft Oil Co PJSC 8.700 3/23/2029 RUB 66.770
Turkiye Is Bankasi AS 7.000 6/29/2028 USD 72.857
Svensk Exportkredit AB 0.500 8/29/2029 AUD 72.032
Barclays Bank PLC 0.192 10/30/2034 USD 59.387
OGX Austria GmbH 8.375 4/1/2022 USD 0.012
Activa Resources AG 0.500 11/15/2021 EUR 21.500
Mriya Agro Holding PLC 10.950 3/30/2016 USD 7.375
Hamburgische Landesbank 0.069 1/22/2041 EUR 64.863
Manchester Building Soc 8.000 GBP 9.640
Alpine Holding GmbH 5.250 6/10/2016 EUR 0.068
Aldesa Financial Servic 7.250 4/1/2021 EUR 70.734
La Financiere Atalian S 6.625 5/15/2025 GBP 72.058
Svensk Exportkredit AB 0.500 6/29/2029 AUD 72.570
Fortenova Grupa d.d. 9.125 2/1/2020 EUR 19.388
Kirk Beauty One GmbH 8.750 7/15/2023 EUR 69.257
Turkey Government Inter 4.875 4/16/2043 USD 73.880
New Look Secured Issuer 6.500 7/1/2022 GBP 29.769
Bank Nadra Via NDR Fina 8.250 7/31/2018 USD 0.770
Cooperativa Muratori & 6.000 2/15/2023 EUR 5.012
Rena GmbH 7.000 12/15/2015 EUR 2.096
Landesbank Schleswig-Ho 3.012 1/5/2040 USD 47.359
New Look Secured Issuer 4.500 7/1/2022 EUR 27.540
Galapagos Holding SA 7.000 6/15/2022 EUR 18.591
Alpine Holding GmbH 5.250 7/1/2015 EUR 0.068
Barclays Bank PLC 1.192 1/31/2029 USD 65.259
Deutsche Agrar Holding 7.250 9/28/2018 EUR 1.254
Salvator Grundbesitz-AG 9.500 12/31/2021 EUR 5.600
Cooperatieve Rabobank U 0.500 12/29/2027 MXN 46.690
Afren PLC 11.500 2/1/2016 USD 0.012
getgoods.de AG 7.750 10/2/2017 EUR 0.126
Metalloinvest Holding C 8.850 4/16/2029 RUB 75.000
Sairgroup Finance BV 6.625 10/6/2010 EUR 10.250
Cooperatieve Rabobank U 0.500 11/30/2027 MXN 46.075
Finans-Avia OOO 0.010 7/31/2027 RUB 6.780
Societe Generale SA 10.000 8/25/2022 USD 71.500
Veneto Banca SpA 6.411 EUR 1.000
Finance and Credit Bank 9.250 1/25/2019 USD 0.817
Virgolino de Oliveira F 10.875 1/13/2020 USD 23.785
Espirito Santo Financia 5.050 11/15/2025 EUR 0.794
Commerzbank AG 5.700 7/4/2019 GBP 64.500
Norske Skogindustrier A 7.125 10/15/2033 USD 1.416
SAG Solarstrom AG 6.250 12/14/2015 EUR 30.957
Turkey Government Bond 11.000 3/2/2022 TRY 74.900
Odea Bank AS 7.625 8/1/2027 USD 68.717
Sberbank of Russia PJSC 1.350 3/15/2022 RUB 63.260
Marine Subsea AS 9.000 12/16/2019 USD 0.688
Lehman Brothers Treasur 2.875 3/14/2013 CHF 3.750
Air Berlin Finance BV 6.000 3/6/2019 EUR 2.689
Sberbank of Russia PJSC 1.350 4/28/2022 RUB 66.820
SAir Group 6.250 4/12/2005 CHF 7.250
Otkritie Holding JSC 10.770 9/17/2027 RUB 0.990
Banco Santander SA 2.092 EUR 3.983
Stichting Afwikkeling O 6.625 5/14/2018 EUR 3.904
Mifa Mitteldeutsche Fah 7.500 8/12/2018 EUR 2.200
Ahtium PLC 9.750 4/4/2017 EUR 0.864
IT Holding Finance SA 9.875 11/15/2012 EUR 0.009
BOA Offshore AS 0.409 7/17/2047 NOK 9.520
Hamburgische Landesbank 0.070 10/30/2040 EUR 66.602
German Pellets GmbH 7.250 4/1/2016 EUR 0.478
Bank Julius Baer & Co L 8.450 8/28/2019 CHF 64.800
Mercantile Investment T 4.250 GBP 72.000
SiC Processing GmbH 7.125 3/1/2016 EUR 3.530
Fortenova Grupa d.d. 9.875 5/1/2019 EUR 20.241
Sberbank of Russia PJSC 1.350 4/18/2022 RUB 68.010
SAir Group 5.500 7/23/2003 CHF 7.250
La Veggia Finance SA 7.125 11/14/2004 EUR 0.287
Gebr Sanders GmbH & Co 8.750 10/22/2018 EUR 16.147
Barclays Bank PLC 0.912 11/28/2029 USD 67.250
Sberbank of Russia PJSC 1.350 5/18/2022 RUB 66.820
Stichting Afwikkeling O 8.450 8/20/2018 USD 3.042
Turkey Government Bond 8.000 3/12/2025 TRY 60.200
Danske Bank A/S 1.070 8/23/2038 JPY 72.762
Gazprombank OJSC Via GP 8.750 6/29/2024 RUB 53.663
Credito Padano Banca di 3.100 EUR 34.532
Bank Julius Baer & Co L 7.400 8/6/2019 CHF 60.000
BTV Hybrid I GmbH 6.500 EUR 30.277
Virgolino de Oliveira F 11.750 2/9/2022 USD 4.500
Norske Skog Holding AS 8.000 2/24/2021 EUR 0.609
New World Resources NV 8.000 4/7/2020 EUR 1.506
Societe Generale SA 8.600 7/29/2022 USD 44.000
Lloyds Bank PLC 0.396 8/28/2034 USD 67.625
Rena GmbH 8.250 7/11/2018 EUR 2.096
International Finance F 0.500 6/29/2027 ZAR 46.944
Russian Post FGUP 8.450 3/27/2029 RUB 70.000
LBI ehf 2.250 2/14/2011 CHF 7.000
Astana Finance BV 7.875 6/8/2010 EUR 16.000
Republic of Italy Gover 0.847 5/31/2035 EUR 70.893
Reso-Leasing OOO 9.600 9/21/2023 RUB 99.910
Cooperatieve Rabobank U 0.500 10/29/2027 MXN 47.912
Mobylife Holding A/S 7.250 5/23/2020 SEK 8.125
Bibby Offshore Services 7.500 6/15/2021 GBP 11.128
MMC Norilsk Nickel PJSC 11.600 2/6/2026 RUB 108.010
SG Issuer SA 7.350 9/30/2019 CHF 67.250
OT Logistics SA 6.790 2/23/2020 PLN 74.000
COFIDUR SA 0.100 12/31/2024 EUR 24.500
Deutsche Bank AG 1.725 1/16/2045 EUR 68.396
Eiendomskreditt AS 5.000 NOK 58.675
Republic of Italy Gover 0.918 7/31/2035 EUR 68.608
Ahtium PLC 4.000 12/16/2015 EUR 0.405
Agroton Public Ltd 6.000 7/14/2019 USD 16.000
Eniro AB 6.000 4/14/2020 SEK 19.823
ML 33 Invest AS 7.500 NOK 68.678
WEB Windenergie AG 6.500 EUR 70.010
mybet Holding SE 6.250 12/11/2020 EUR 5.000
Societe Generale SA 12.000 7/8/2021 USD 72.700
A-TEC Industries AG 2.750 5/10/2014 EUR 0.357
Renewable Power Interna 0.010 6/6/2047 EUR 65.750
Banca del Monte di Lucc 2.463 6/29/2020 EUR 42.375
Norske Skogindustrier A 7.125 10/15/2033 USD 1.416
Province of Milan Italy 0.013 12/22/2033 EUR 72.147
Muehl Product & Service 6.750 3/10/2005 DEM 0.010
London County Of 3.000 GBP 66.000
HPI AG 3.500 EUR 2.502
Region of Molise Italy 0.161 12/15/2033 EUR 53.848
Export Credit Bank of T 12.511 9/14/2028 TRY 67.613
Kardan NV 6.325 6/3/2019 ILS 20.250
Sberbank of Russia PJSC 1.350 9/12/2022 RUB 66.770
Teksid Aluminum Luxembo 12.375 7/15/2011 EUR 0.226
Northland Resources AB 4.000 10/15/2020 USD 0.138
Northland Resources AB 4.000 10/15/2020 NOK 0.138
Petromena ASA 10.850 11/19/2018 USD 0.607
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 4.305
Air Berlin Finance BV 8.500 3/6/2019 EUR 2.507
Opus-Chartered Issuance 5.500 10/26/2024 EUR 0.010
Stichting Afwikkeling O 2.439 EUR 0.849
Braster SA 7.490 5/29/2019 PLN 40.020
Podkarpacki Bank Spoldz 4.990 10/6/2021 PLN 51.000
Atari SA 0.100 4/1/2020 EUR 6.350
DZ Bank AG Deutsche Zen 5.000 9/27/2019 EUR 59.170
Russian Railways JSC 9.100 3/19/2029 RUB 85.000
Turkey Government Bond 9.000 7/24/2024 TRY 63.500
Credit Agricole Corpora 2.400 5/17/2048 EUR 69.150
Credito Padano Banca di 3.100 EUR 34.756
Vontobel Financial Prod 6.000 8/29/2019 EUR 72.044
Portugal Telecom Intern 5.242 11/6/2017 EUR 1.587
Turkey Government Bond 10.400 3/20/2024 TRY 67.250
Hellas Telecommunicatio 6.054 1/15/2015 USD 0.304
Golden Gate AG 6.500 10/11/2014 EUR 44.100
UAHM-Finance OOO 3.000 3/30/2021 RUB
Cooperativa Muratori & 6.875 8/1/2022 EUR 4.945
Citigroup Global Market 8.174 6/28/2019 EUR 65.830
Credit Suisse AG/London 9.000 1/23/2020 USD 9.700
Northland Resources AB 15.000 7/15/2019 USD 2.621
Liverpool City Council 3.500 GBP 70.500
BNG Bank NV 10.010 6/17/2025 TRY 60.792
Home Money LLC 17.000 4/19/2022 RUB 0.800
DZ Bank AG Deutsche Zen 7.000 6/28/2019 EUR 53.530
BOA Offshore AS 0.404 7/17/2047 NOK
Veneto Banca SpA 6.950 2/25/2025 EUR 0.316
A-TEC Industries AG 5.750 11/2/2010 EUR 0.357
Constellation Oil Servi 6.250 11/9/2019 USD 5.752
International Bank of A 8.250 10/9/2024 USD 61.250
UniCredit Bank AG 4.600 10/8/2022 EUR 63.230
Transneft PJSC 8.750 4/14/2027 RUB 61.100
Barclays Bank PLC 0.888 10/10/2029 USD 62.599
Kaupthing ehf 6.125 10/4/2016 USD 0.250
Mriya Agro Holding PLC 10.950 3/30/2016 USD 7.375
Raiffeisen Centrobank A 6.250 11/25/2019 EUR 55.520
SG Issuer SA 6.800 1/6/2020 USD 56.070
Sberbank of Russia PJSC 1.350 6/1/2022 RUB 66.820
Credit Suisse AG/Nassau 8.250 6/6/2019 CHF 53.230
Kreditanstalt fuer Wied 0.250 10/6/2036 CAD 44.563
J&T Banka AS 9.000 EUR 71.897
Lehman Brothers Treasur 6.300 12/21/2018 USD 2.571
Centrosolar Group AG 7.000 2/15/2016 EUR 2.387
PIK Group PJSC 13.000 9/3/2026 RUB 70.000
Barclays Bank PLC 0.908 4/16/2029 USD 67.250
Vontobel Financial Prod 7.000 5/24/2019 EUR 56.910
Landesbank Hessen-Thuer 4.750 5/11/2023 EUR 62.660
Union Technologies Info 0.100 1/1/2020 EUR 5.300
Lehman Brothers Treasur 6.650 8/24/2011 AUD 3.400
Pescanova SA 6.750 3/5/2015 EUR 0.500
Heta Asset Resolution A 5.920 12/31/2023 EUR 1.000
UBS AG/London 8.500 11/15/2019 CHF 47.950
UBS AG/London 10.000 3/9/2020 CHF 62.650
Vontobel Financial Prod 8.700 8/6/2019 EUR 64.790
UBS AG/London 11.250 12/13/2019 USD 71.400
Leonteq Securities AG/G 2.750 9/15/2022 CHF 60.330
AKB Peresvet ZAO 0.510 8/4/2034 RUB
Lehman Brothers Treasur 5.000 5/2/2022 EUR 2.571
Svensk Exportkredit AB 0.500 8/28/2020 TRY 73.213
Credit Suisse AG/London 3.000 11/15/2025 ZAR 68.807
WPE International Coope 10.375 9/30/2020 USD 14.872
Leonteq Securities AG/G 1.910 9/20/2019 EUR 39.880
UniCredit Bank AG 6.900 1/3/2020 EUR 56.880
UniCredit Bank AG 3.500 9/22/2020 EUR 56.030
Espirito Santo Financia 5.125 5/30/2016 EUR 1.252
SpareBank 1 SR-Bank ASA 1.487 12/21/2030 EUR 70.557
Podkarpacki Bank Spoldz 5.790 7/2/2020 PLN 66.090
Ideal Standard Internat 11.750 5/1/2018 EUR 0.072
Virgolino de Oliveira F 10.875 1/13/2020 USD 23.785
Leonteq Securities AG/G 12.000 10/23/2019 CHF 47.220
UkrLandFarming PLC 10.875 3/26/2018 USD 12.887
Otkritie Holding JSC 11.500 7/14/2027 RUB 3.010
OT Logistics SA 5.690 11/20/2020 PLN
Landesbank Hessen-Thuer 6.700 5/17/2022 EUR 62.230
Vontobel Financial Prod 5.100 6/13/2019 EUR 56.322
Zapsibcombank PAO 7.300 6/15/2021 RUB 70.000
Gold-Zack AG 7.000 12/14/2005 EUR 11.000
Province of Brescia Ita 0.069 12/22/2036 EUR 56.962
BLT Finance BV 12.000 2/10/2015 USD 10.500
AKB Peresvet ZAO 13.000 10/7/2017 RUB 20.750
Region Invest OOO 7.850 5/4/2021 RUB 0.170
Deutsche Bank AG/London 2.000 10/25/2023 TRY
Landesbank Baden-Wuertt 2.850 6/28/2019 EUR 71.540
EFG International Finan 5.700 7/16/2019 CHF 59.170
Barclays Bank PLC 8.500 4/27/2020 USD 10.190
Finconsult OOO 8.560 2/1/2028 RUB 4.910
Aralco Finance SA 10.125 5/7/2020 USD 2.770
Banco Espirito Santo SA 10.000 12/6/2021 EUR 0.198
Lehman Brothers Treasur 1.280 11/6/2010 JPY 3.750
LBI ehf 7.431 USD 0.001
SG Issuer SA 0.100 6/11/2029 NZD 73.212
Landesbank Baden-Wuertt 4.000 4/24/2020 EUR 73.620
EFG International Finan 11.400 6/28/2021 USD 67.010
Leonteq Securities AG/G 6.400 10/16/2019 CHF 51.830
UBS AG/London 4.000 1/2/2020 EUR 66.970
Leonteq Securities AG/G 1.820 9/23/2019 EUR 39.890
Deutsche Bank AG/London 13.750 6/20/2026 TRY 58.982
Grupo Isolux Corsan SA 0.250 12/30/2018 EUR 0.112
Lehman Brothers Treasur 4.820 12/18/2036 EUR 2.571
Deutsche ETP GmbH & Co 3.000 11/30/2028 EUR 7.840
Rosselkhozbank JSC 15.000 1/29/2025 RUB 69.030
RENE LEZARD Mode GmbH 7.250 11/25/2017 EUR 1.011
Russian Railways JSC 8.750 5/10/2022 RUB 66.770
NatWest Markets PLC 0.160 8/18/2031 USD 68.904
Commerzbank AG 5.130 11/7/2019 USD 60.500
BNP Paribas Emissions- 6.000 6/27/2019 EUR 66.860
Norddeutsche Landesbank 3.200 9/27/2019 EUR 72.180
Tjiwi Kimia Internation 13.250 8/1/2001 USD 0.250
Plaza Centers NV 6.900 7/1/2020 ILS 33.800
Salvator Grundbesitz-AG 9.500 EUR 16.600
Norske Skog Holding AS 8.000 2/24/2023 USD 2.761
Lehman Brothers Treasur 11.250 12/31/2008 USD 2.571
Rosneft Oil Co PJSC 9.400 11/28/2024 RUB 66.030
Barclays Bank PLC 7.830 7/26/2038 MXN 71.648
Pioneer Group CJSC 0.010 6/3/2021 RUB 70.050
AKB Peresvet ZAO 0.510 6/23/2021 RUB 19.020
UAHM-Finance OOO 4.000 3/28/2023 RUB 36.000
Norddeutsche Landesbank 6.350 9/27/2019 EUR 58.050
Sberbank of Russia PJSC 0.010 10/27/2022 RUB 101.000
Getin Noble Bank SA 6.790 4/28/2023 PLN 73.000
Turkey Government Bond 8.500 9/14/2022 TRY 69.900
AKB Peresvet ZAO 13.250 4/25/2018 RUB 20.750
Lehman Brothers Treasur 8.000 4/20/2009 EUR 2.571
getBACK SA 5.720 4/30/2021 PLN
Sberbank of Russia PJSC 0.010 6/9/2019 RUB 71.800
Sberbank of Russia PJSC 1.350 9/12/2022 RUB 66.820
Sberbank of Russia PJSC 1.350 7/27/2022 RUB 66.820
Vontobel Financial Prod 6.100 1/30/2020 EUR 69.110
VEB-Leasing OAO 8.340 9/1/2025 RUB
KPNQwest NV 8.875 2/1/2008 EUR 0.170
Irish Bank Resolution C 6.750 11/30/2013 BGN 48.250
Bank Otkritie Financial 10.000 4/26/2019 USD 8.000
Irish Bank Resolution C 4.000 4/23/2018 EUR 48.250
Sberbank of Russia PJSC 0.010 5/18/2022 RUB 66.820
UBS AG/London 8.500 1/6/2020 EUR 46.250
SAir Group 6.250 10/27/2002 CHF 7.250
Barclays Bank PLC 1.454 12/27/2028 USD 72.449
Sibur Holding PAO 9.650 9/16/2026 RUB 101.400
House of Fraser Funding 6.554 9/15/2020 GBP 2.846
Heta Asset Resolution A 0.234 12/31/2023 EUR 1.000
Penell GmbH Elektrogros 7.750 6/10/2019 EUR 0.501
Northland Resources AB 15.000 7/15/2019 USD 2.621
SAir Group 4.250 2/2/2007 CHF 7.250
Russian Highways 5.300 1/22/2046 RUB 11.509
Russian Highways 5.300 4/30/2046 RUB 57.056
Otkritie Holding JSC 12.700 9/30/2027 RUB 9.410
Pongs & Zahn AG 8.500 EUR 0.002
Raiffeisen Centrobank A 10.000 5/11/2020 EUR 73.930
Credit Suisse AG/London 9.000 10/30/2020 USD 9.928
Credit Suisse AG/Nassau 7.000 12/4/2019 EUR 70.550
Sberbank of Russia PJSC 1.350 6/30/2022 RUB 66.820
Credit Suisse AG/London 7.000 12/23/2019 EUR 63.290
Sberbank of Russia PJSC 0.010 3/15/2022 RUB 67.960
Bank Julius Baer & Co L 8.000 10/7/2019 EUR 57.050
Credit Suisse AG/London 8.000 11/29/2019 USD 3.660
Grupo Isolux Corsan SA 6.000 12/30/2021 USD 0.142
Rio Forte Investments S 3.900 7/10/2014 USD 5.750
Delta Credit Bank JSC 7.820 12/28/2022 RUB 70.000
DOM.RF JSC 7.750 11/1/2022 RUB 70.010
Turkey Government Bond 8.800 9/27/2023 TRY 63.500
Veneto Banca SpA 6.944 5/15/2025 EUR 0.316
getBACK SA 6.120 9/14/2021 PLN
Sberbank of Russia PJSC 1.350 9/28/2022 RUB 66.820
Sberbank of Russia PJSC 0.010 4/18/2022 RUB 67.430
SAir Group 5.125 3/1/2003 CHF 13.500
UBS AG/London 9.700 8/6/2019 CHF 63.650
DekaBank Deutsche Giroz 2.500 7/29/2020 EUR 59.180
O1 Group Finance OOO 11.250 4/22/2027 RUB 0.640
Lehman Brothers Treasur 3.600 3/19/2018 JPY 2.571
Kaupthing ehf 9.000 USD 0.122
Lehman Brothers Treasur 1.750 2/7/2010 EUR 2.571
Lehman Brothers Treasur 9.250 6/20/2012 USD 2.571
Easybank ASA 8.400 NOK 70.062
Espirito Santo Financia 0.634 10/27/2024 EUR 1.850
Raiffeisen Centrobank A 6.250 11/12/2019 EUR 54.760
Banca Popolare di Vicen 9.500 10/2/2025 EUR 0.252
Leonteq Securities AG/G 1.800 8/1/2019 EUR 39.910
Leonteq Securities AG/G 12.030 9/26/2019 USD 67.580
Societe Generale SA 17.600 1/27/2020 USD 51.300
SG Issuer SA 4.000 6/22/2026 EUR 54.690
United Engine Corp JSC 10.750 6/10/2026 RUB 71.030
Leonteq Securities AG 10.000 9/18/2019 CHF 61.810
EFG International Finan 7.200 7/29/2020 EUR 10.510
Royalbeach Spielwaren U 7.375 11/10/2020 EUR 1.100
Credit Suisse AG/London 10.000 2/22/2021 USD 9.894
Heta Asset Resolution A 0.449 12/31/2023 EUR 1.000
PSN Pm OOO 9.500 9/10/2026 RUB 18.020
BELLAGIO Holding GmbH 1.981 EUR 54.559
LBI ehf 7.431 USD 0.001
Otkritie Holding JSC 11.500 5/26/2032 RUB 21.330
Windreich GmbH 6.750 3/1/2015 EUR 8.875
Rio Forte Investments S 4.750 11/10/2015 EUR 5.750
HSBC Trinkaus & Burkhar 8.200 12/27/2019 EUR 69.570
getBACK SA 5.720 2/16/2021 PLN
mybet Holding SE 6.250 12/12/2020 EUR 2.000
Sberbank of Russia PJSC 0.740 7/27/2022 RUB 70.830
Deutsche Bank AG 6.200 6/24/2019 EUR 58.770
Gazprombank JSC 8.200 12/28/2020 RUB 66.770
Natixis SA 1.125 8/9/2021 USD 70.124
Landesbank Baden-Wuertt 4.970 5/24/2019 EUR 73.000
SG Issuer SA 3.200 7/12/2027 EUR 75.080
UniCredit Bank AG 5.000 6/25/2019 EUR 23.710
UniCredit Bank AG 14.500 6/28/2019 EUR 49.720
Kardan NV 6.775 2/2/2020 ILS 47.030
Landesbank Baden-Wuertt 2.700 7/26/2019 EUR 72.270
Landesbank Baden-Wuertt 3.650 7/26/2019 EUR 62.610
Spektr OOO 8.750 3/12/2026 RUB 1.010
Fonciere Volta SA 4.500 7/30/2020 EUR 2.260
Turkey Government Bond 7.100 3/8/2023 TRY 63.000
ENEL RUSSIA PJSC 8.500 10/3/2021 RUB 66.770
SAir Group 2.125 11/4/2004 CHF 7.250
Rosneft Oil Co PJSC 9.400 11/28/2024 RUB 68.010
Podkarpacki Bank Spoldz 5.090 5/28/2023 PLN 42.000
BNG Bank NV 10.800 9/2/2021 TRY 74.045
Lehman Brothers Treasur 0.500 12/20/2017 AUD 2.571
Bibby Offshore Services 7.500 6/15/2021 GBP 11.128
Lehman Brothers Treasur 4.600 10/11/2017 ILS 3.750
PIK Group PJSC 13.000 9/3/2026 RUB 72.000
RusHydro PJSC 0.100 2/2/2023 RUB 71.760
HSBC Bank PLC 0.500 7/11/2023 BRL 70.889
Heta Asset Resolution A 7.500 12/31/2023 ATS 1.000
Bank Julius Baer & Co L 14.100 5/22/2019 CHF 47.250
Leonteq Securities AG/G 10.000 7/26/2019 CHF 23.210
Zurcher Kantonalbank Fi 7.150 3/19/2020 CHF 28.470
Commerzbank AG 3.000 6/14/2021 USD 68.660
UBS AG/London 12.000 10/7/2019 CHF 46.600
UBS AG/London 11.000 10/3/2019 EUR 75.450
Natixis Structured Issu 2.430 7/25/2019 EUR 74.454
Natixis SA 3.100 7/26/2021 USD 72.789
Sberbank of Russia PJSC 0.010 1/26/2022 RUB 97.000
DekaBank Deutsche Giroz 4.300 8/8/2019 EUR 68.570
BNP Paribas Issuance BV 6.400 6/1/2020 EUR 58.550
Leonteq Securities AG/G 5.000 12/27/2019 EUR 59.380
Barclays Bank PLC 1.344 12/23/2033 USD 72.145
Banque Federative du Cr 0.746 EUR 68.427
Commerzbank AG 16.250 5/24/2019 EUR 49.840
Lehman Brothers Treasur 15.000 3/30/2011 EUR 2.571
Lehman Brothers Treasur 11.000 7/4/2011 CHF 2.571
Lehman Brothers Treasur 0.500 12/20/2017 USD 2.571
Societe Generale SA 1.611 10/31/2033 USD 71.500
Natixis SA 3.500 3/23/2020 USD 66.502
Sberbank of Russia PJSC 1.350 6/16/2022 RUB 66.820
Sberbank of Russia PJSC 0.740 6/16/2022 RUB 66.820
Getin Noble Bank SA 6.790 4/29/2024 PLN 72.500
Goldman Sachs Internati 17.000 6/28/2019 USD 47.250
Natixis SA 3.150 6/8/2021 USD 68.253
Leonteq Securities AG/G 6.800 8/5/2019 CHF 73.090
DekaBank Deutsche Giroz 2.900 10/29/2019 EUR 71.780
Leonteq Securities AG/G 6.000 6/23/2020 CHF 53.270
VEB.RF GK 8.930 2/9/2024 RUB 70.010
UBS AG/London 11.250 7/1/2019 EUR 41.050
Natixis SA 3.150 6/9/2021 USD 68.716
Leonteq Securities AG/G 1.680 6/21/2019 EUR 40.020
Landesbank Baden-Wuertt 3.000 9/27/2019 EUR 38.110
Bank Otkritie Financial 0.010 7/16/2025 RUB 54.760
Lehman Brothers Treasur 12.000 7/13/2037 JPY 2.571
Resursosberezhenie HMAO 10.000 6/17/2031 RUB 66.770
Landesbank Hessen-Thuer 3.140 5/24/2019 EUR 69.100
Lehman Brothers Treasur 23.300 9/16/2008 USD 2.571
Lehman Brothers Treasur 2.000 6/28/2011 EUR 2.571
Lehman Brothers Treasur 5.550 3/12/2015 EUR 2.571
Praim Finans OOO 10.000 11/10/2025 RUB 1.000
Lehman Brothers Treasur 0.500 12/20/2017 AUD 2.571
KPNQwest NV 7.125 6/1/2009 EUR 0.170
Upravlenie Otkhodami ZA 4.000 4/29/2027 RUB 57.869
Heta Asset Resolution A 4.350 12/31/2023 EUR 1.000
DekaBank Deutsche Giroz 10.150 11/1/2019 EUR 74.310
Bank Julius Baer & Co L 10.100 8/22/2019 EUR 72.600
Leonteq Securities AG/G 9.000 9/11/2019 EUR 57.450
Credit Suisse AG/Nassau 8.000 9/2/2019 CHF 67.150
Federal Grid Co Unified 9.350 10/17/2051 RUB 66.010
Raiffeisen Switzerland 12.000 10/16/2019 EUR 71.020
Bank Julius Baer & Co L 9.000 7/29/2019 CHF 70.250
Sberbank of Russia PJSC 0.010 12/6/2021 RUB 66.820
UBS AG/London 10.500 2/28/2020 CHF 46.450
Corner Banca SA 14.000 10/3/2019 CHF 45.040
UBS AG/London 9.000 7/12/2019 EUR 41.750
EFG International Finan 7.000 11/27/2019 EUR 4.480
EFG International Finan 15.200 12/10/2019 USD 74.380
Landesbank Baden-Wuertt 3.000 6/28/2019 EUR 70.680
EFG International Finan 9.600 10/15/2019 EUR 17.940
Landesbank Baden-Wuertt 2.570 5/24/2019 EUR 72.190
Raiffeisen Schweiz Geno 5.750 10/16/2019 USD 43.560
UBS AG/London 5.750 9/6/2019 EUR 54.400
VEB-Leasing OAO 8.340 8/18/2025 RUB
Main Road JSC 4.000 10/30/2028 RUB 61.350
TGC-1 PJSC 5.800 2/14/2022 RUB 66.000
United Engine Corp JSC 8.800 4/17/2023 RUB 70.000
Grupo Isolux Corsan SA 0.250 12/30/2021 USD 0.112
Barclays Bank PLC 1.450 9/24/2038 MXN 22.568
Lehman Brothers Treasur 15.000 6/4/2009 CHF 2.571
Podkarpacki Bank Spoldz 5.790 3/31/2025 PLN 41.000
Barclays Bank PLC 0.500 4/24/2023 MXN 71.061
Barclays Bank PLC 0.500 1/28/2033 MXN 26.475
Samaratransneft-Termina 10.000 3/30/2022 RUB 19.000
Norske Skogindustrier A 2.000 12/30/2115 EUR 0.027
UBS AG/London 8.000 12/24/2019 USD 24.576
Bank Julius Baer & Co L 10.000 6/4/2019 USD
BNP Paribas Emissions- 11.000 12/30/2019 EUR 73.330
Vontobel Financial Prod 16.000 1/3/2020 EUR 69.970
Getin Noble Bank SA 5.790 8/30/2024 PLN 74.000
Polyplast OAO/Moscow 14.500 4/18/2023 RUB 60.060
Erste Group Bank AG 6.250 3/29/2023 EUR 70.600
Commerzbank AG 3.250 12/10/2019 USD 64.170
TransFin-M PAO 9.000 11/24/2026 RUB
UBS AG/London 9.700 6/27/2019 EUR 53.260
Zurcher Kantonalbank Fi 3.000 9/26/2019 USD 51.510
Corner Banca SA 16.200 7/18/2019 CHF 61.430
Natixis SA 3.450 7/26/2021 RUB 73.747
Landesbank Hessen-Thuer 8.000 5/15/2020 EUR 49.940
Landesbank Baden-Wuertt 2.800 6/28/2019 EUR 52.920
Leonteq Securities AG 11.600 8/22/2019 CHF 46.810
Bank Julius Baer & Co L 10.500 9/30/2019 USD 62.200
BNP Paribas Emissions- 11.000 6/27/2019 EUR 64.630
BNP Paribas Issuance BV 5.800 6/1/2020 EUR 71.450
Leonteq Securities AG/G 7.600 9/18/2019 USD 70.990
DekaBank Deutsche Giroz 2.700 7/15/2019 EUR 43.530
TGC-1 PJSC 4.000 12/14/2021 RUB 66.010
WEB Windenergie AG 6.500 EUR 55.010
Getin Noble Bank SA 4.790 11/9/2020 PLN 73.100
Lehman Brothers Treasur 4.870 10/8/2013 USD 2.571
Bilt Paper BV 9.640 USD 7.782
Heta Asset Resolution A 5.730 12/31/2023 EUR 1.000
Mriya Agro Holding PLC 9.450 4/19/2018 USD 7.420
Hellas Telecommunicatio 8.500 10/15/2013 EUR 0.602
Cerruti Finance SA 6.500 7/26/2004 EUR 1.091
Credit Suisse AG 0.500 12/16/2025 BRL 55.310
IFK Soyuz OAO 0.100 12/9/2027 RUB 0.310
Samaratransneft-Termina 17.000 6/20/2021 RUB 13.600
Lehman Brothers Treasur 14.900 9/15/2008 EUR 2.571
Norske Skogindustrier A 7.000 12/30/2026 EUR 0.115
New World Resources NV 4.000 10/7/2020 EUR 0.395
Cooperatieve Rabobank U 0.500 8/21/2028 MXN 42.691
HSBC Trinkaus & Burkhar 29.100 1/24/2020 EUR 69.660
UBS AG/London 12.000 4/13/2020 USD 70.720
Bank Julius Baer & Co L 9.000 6/11/2019 EUR 55.950
Raiffeisen Schweiz Geno 6.250 12/18/2019 CHF 29.980
EFG International Finan 9.400 6/20/2019 EUR 61.980
EFG International Finan 6.400 6/22/2020 CHF 61.610
Leonteq Securities AG/G 7.000 6/15/2020 CHF 64.250
Natixis SA 2.100 6/8/2021 EUR 68.009
Raiffeisen Centrobank A 5.333 10/25/2019 EUR 66.580
Zurcher Kantonalbank Fi 10.000 10/9/2019 EUR 63.260
Zurcher Kantonalbank Fi 5.500 6/28/2019 EUR 68.590
Erste Group Bank AG 10.600 6/18/2019 RON 70.850
Getin Noble Bank SA 6.790 1/31/2024 PLN 75.000
First Mortgage Co Unive 6.500 12/12/2019 USD 25.603
Bank Julius Baer & Co L 10.500 7/1/2019 EUR 70.400
Landesbank Baden-Wuertt 3.150 11/22/2019 EUR 60.320
UBS AG/London 13.250 10/4/2019 CHF 58.800
Rosselkhozbank JSC 9.350 7/14/2025 RUB 65.050
VEB-Leasing OAO 8.180 1/16/2024 RUB 65.000
Lehman Brothers Treasur 16.000 12/26/2008 USD 2.571
Societe Generale SA 0.500 5/22/2024 MXN 64.531
Lehman Brothers Treasur 10.000 6/17/2009 USD 2.571
IFK Soyuz OAO 0.100 7/18/2028 RUB 2.000
Premium Green PLC 0.508 10/25/2038 EUR 74.496
Kaupthing ehf 5.000 1/4/2027 SKK 0.250
Lehman Brothers Treasur 11.750 3/1/2010 EUR 2.571
Hypo Vorarlberg Bank AG 5.870 EUR 36.932
Turkey Government Bond 10.700 8/17/2022 TRY 72.800
Metalloinvest Holding C 0.010 3/7/2022 RUB 67.000
Kaupthing ehf 3.922 ISK 0.250
Bank Julius Baer & Co L 11.000 5/22/2019 CHF 46.800
Leonteq Securities AG 9.000 3/27/2020 USD 43.500
Norddeutsche Landesbank 4.750 5/28/2019 EUR 69.830
Credit Suisse AG/London 6.000 9/3/2019 CHF 63.700
Vontobel Financial Prod 9.000 9/27/2019 EUR 68.110
EFG International Finan 9.800 9/21/2021 EUR 73.330
Hazine Mustesarligi Var 10.760 8/10/2022 TRY 73.000
Sberbank of Russia PJSC 1.350 8/10/2022 RUB 66.820
Leonteq Securities AG/G 7.400 8/28/2019 CHF 63.870
SG Issuer SA 16.100 11/21/2019 EUR 73.320
Leonteq Securities AG/G 6.400 11/3/2020 EUR 54.270
BNP Paribas Emissions- 12.000 9/26/2019 EUR 68.270
BNP Paribas Emissions- 11.000 12/30/2019 EUR 60.610
Leonteq Securities AG 13.500 8/5/2019 CHF 57.400
Leonteq Securities AG 13.000 6/19/2019 CHF 24.870
Leonteq Securities AG/G 10.000 3/16/2020 USD 64.440
Natixis SA 2.750 3/1/2021 USD 70.127
Credit Suisse AG/Nassau 8.000 9/13/2019 CHF 69.430
Credit Suisse AG/Nassau 9.000 6/24/2019 CHF 68.390
Corner Banca SA 10.000 11/6/2019 CHF 68.980
UBS AG/London 8.300 5/24/2019 EUR 57.850
Raiffeisen Schweiz Geno 8.600 6/11/2019 EUR 58.150
Natixis SA 1.838 8/9/2021 RUB 72.318
Leonteq Securities AG 10.000 11/13/2019 CHF 64.710
Raiffeisen Centrobank A 10.500 7/31/2019 EUR 65.620
Credit Suisse AG/Nassau 8.250 6/21/2019 CHF 72.910
UBS AG/London 7.500 2/21/2020 EUR 50.950
Commerzbank AG 5.350 3/2/2020 USD 51.570
Leonteq Securities AG/G 9.000 11/4/2019 USD 59.470
Societe Generale SA 3.000 7/9/2019 USD 74.310
Credit Suisse AG/Nassau 8.250 8/5/2019 USD 52.400
Corner Banca SA 14.200 11/6/2019 CHF 71.420
Landesbank Hessen-Thuer 8.750 2/6/2020 EUR 57.400
Landesbank Baden-Wuertt 5.000 4/24/2020 EUR 64.190
UBS AG/London 8.750 11/4/2019 CHF 53.650
UBS AG/London 11.000 5/23/2019 USD 64.470
Landesbank Hessen-Thuer 8.400 5/8/2020 EUR 73.060
Credit Suisse AG/London 7.000 7/4/2019 CHF 58.280
Bank Julius Baer & Co L 8.000 9/2/2019 CHF 62.800
Bank Julius Baer & Co L 13.600 1/3/2020 CHF 59.900
Credit Suisse AG/London 7.500 7/17/2019 CHF 60.310
BNP Paribas Emissions- 5.000 6/27/2019 EUR 58.980
Credit Suisse AG/London 7.250 6/18/2019 CHF 68.210
Leonteq Securities AG/G 12.000 6/27/2019 CHF 51.120
Credit Suisse AG 7.000 6/7/2019 USD 9.960
Siberian Gostinecs PAO 17.000 6/26/2019 RUB 14.450
Leonteq Securities AG/G 2.060 8/19/2019 EUR 39.800
Landesbank Baden-Wuertt 3.500 6/26/2020 EUR 56.280
Getin Noble Bank SA 6.790 3/31/2023 PLN 74.900
Getin Noble Bank SA 5.790 12/12/2022 PLN 70.000
Lehman Brothers Treasur 5.250 4/1/2023 EUR 2.571
Escher Marwick PLC 3.500 10/17/2031 USD 72.761
Lehman Brothers Treasur 4.680 12/12/2045 EUR 2.571
Turkey Government Bond 9.200 9/22/2021 TRY 74.900
Pizzaexpress Financing 8.625 8/1/2022 GBP 48.964
Societe Generale SA 0.500 5/30/2023 MXN 70.440
Lehman Brothers Treasur 4.500 12/30/2010 USD 2.571
Lehman Brothers Treasur 3.025 1/31/2015 EUR 2.571
Turkey Government Bond 9.500 1/12/2022 TRY 72.550
SG Issuer SA 6.650 10/10/2021 EUR 74.950
Solarwatt GmbH 7.000 11/1/2015 EUR 15.500
Lehman Brothers Treasur 7.375 9/20/2008 EUR 2.571
Lehman Brothers Treasur 3.860 9/21/2011 SGD 3.750
Bank ZENIT PJSC 8.000 11/11/2019 RUB 100.280
Lehman Brothers Treasur 0.500 12/20/2017 AUD 2.571
Communaute Francaise de 0.500 6/27/2046 EUR 73.860
Lehman Brothers Treasur 7.600 1/31/2013 AUD 2.571
Lehman Brothers Treasur 5.250 11/21/2009 USD 2.571
Heta Asset Resolution A 0.151 12/31/2023 EUR 1.000
Barclays Bank PLC 1.988 12/1/2040 USD 73.859
SAir Group 2.750 7/30/2004 CHF 7.250
Otkritie Holding JSC 12.140 10/3/2036 RUB 0.010
TransFin-M PAO 10.500 9/3/2025 RUB 71.010
Lehman Brothers Treasur 7.500 7/31/2013 GBP 2.571
Lehman Brothers Treasur 6.000 9/20/2011 EUR 2.571
Digital Invest OOO 7.850 3/8/2021 RUB 0.180
Nutritek International 8.750 12/11/2008 USD 2.089
Lehman Brothers Treasur 10.000 1/3/2012 BRL 2.571
Bashneft PJSC 12.000 5/9/2025 RUB 90.000
Metalloinvest Holding C 0.010 3/7/2022 RUB 62.010
Metalloinvest Holding C 0.010 3/10/2022 RUB 67.000
Province of Rovigo Ital 0.012 12/28/2035 EUR 57.837
Lehman Brothers Treasur 5.500 6/15/2009 CHF 2.571
Erste Group Bank AG 4.000 10/19/2019 EUR 47.550
Vonetize Plc 6.000 8/1/2022 ILS 50.000
UBS AG/London 11.750 10/25/2019 CHF 57.600
Leonteq Securities AG/G 7.000 1/29/2020 CHF 69.000
Commerzbank AG 6.000 5/9/2022 USD 0.740
UBS AG/London 8.500 3/9/2020 USD 58.050
Deutsche Bank AG 4.200 6/25/2019 EUR 72.500
SecurAsset SA 5.250 6/30/2022 EUR 54.100
BNP Paribas Emissions- 5.000 6/27/2019 EUR 68.370
Bank Julius Baer & Co L 5.800 1/27/2020 CHF 69.750
Leonteq Securities AG/G 5.500 5/25/2021 CHF 67.870
HSBC Trinkaus & Burkhar 6.300 6/28/2019 EUR 65.020
Bayerische Landesbank 6.100 10/11/2019 EUR 73.340
DekaBank Deutsche Giroz 3.180 8/16/2019 EUR 70.540
Bank Julius Baer & Co L 8.000 9/12/2019 USD 63.800
Leonteq Securities AG/G 6.000 1/20/2021 CHF 73.850
Bank Julius Baer & Co L 10.100 7/12/2019 CHF 64.000
Getin Noble Bank SA 5.790 6/28/2024 PLN 71.000
Citigroup Global Market 7.200 5/24/2023 SEK 42.100
UniCredit Bank AG 6.600 7/20/2028 EUR 67.250
UniCredit Bank AG 5.100 6/14/2019 EUR 65.410
Landesbank Baden-Wuertt 5.000 6/28/2019 EUR 62.170
Bank Julius Baer & Co L 10.300 6/21/2019 GBP 53.550
Leonteq Securities AG/G 10.400 6/21/2019 USD 60.900
Natixis SA 2.970 6/8/2021 USD 68.418
Bayerische Landesbank 4.000 7/12/2019 EUR 53.680
UniCredit Bank AG 4.750 10/24/2021 EUR 12.140
SG Issuer SA 6.700 7/10/2024 EUR 76.650
EFG International Finan 6.210 7/22/2019 EUR 31.830
Landesbank Hessen-Thuer 7.770 7/15/2021 EUR 29.040
Podkarpacki Bank Spoldz 5.790 2/23/2025 PLN 30.000
Fast Finance SA 10.500 1/15/2021 PLN 22.000
Leonteq Securities AG/G 5.000 1/20/2020 CHF 70.710
Getin Noble Bank SA 6.790 7/28/2023 PLN 74.000
Heta Asset Resolution A 4.875 12/31/2023 EUR 1.000
Pravourmiiskoe OOO 9.500 3/31/2028 RUB 100.000
Lehman Brothers Treasur 0.500 7/2/2020 EUR 2.571
Digital Invest OOO 7.850 4/9/2021 RUB 0.150
SG Issuer SA 2.700 11/28/2034 ZAR 39.840
SG Issuer SA 3.000 10/10/2034 ZAR 42.250
SG Issuer SA 3.300 9/26/2034 ZAR 44.530
Lehman Brothers Treasur 7.600 3/4/2010 NZD 2.571
Lehman Brothers Treasur 10.442 11/22/2008 CHF 2.571
Podkarpacki Bank Spoldz 5.790 10/24/2024 PLN 40.000
ECM Real Estate Investm 5.000 10/9/2011 EUR 15.375
Lehman Brothers Treasur 8.280 7/31/2013 GBP 2.571
Bank Otkritie Financial 0.010 9/24/2025 RUB 53.760
Otkritie Holding JSC 12.420 8/5/2025 RUB
Otkritie Holding JSC 12.150 4/20/2028 RUB
Kommunekredit 9.250 8/22/2022 TRY 68.165
Lloyds Bank PLC 0.500 7/26/2028 MXN 42.877
Sistema PJSFC 10.900 10/31/2025 RUB 71.000
Bayerische Landesbank 3.300 10/30/2020 EUR 59.410
Bayerische Landesbank 3.000 9/4/2020 EUR 65.070
BNP Paribas Emissions- 8.500 6/27/2019 EUR 62.130
Zurcher Kantonalbank Fi 10.750 8/29/2019 CHF 63.800
Zurcher Kantonalbank Fi 7.000 5/22/2019 USD 62.680
UBS AG/London 10.250 12/27/2019 EUR 52.950
Corner Banca SA 10.000 4/8/2020 CHF 71.170
Credit Suisse AG/Nassau 7.000 6/22/2021 CHF 65.940
Raiffeisen Schweiz Geno 7.600 6/11/2019 CHF 48.140
Bank Julius Baer & Co L 7.200 5/31/2019 USD 67.000
Credit Suisse AG/London 8.750 5/21/2020 USD 71.890
UBS AG/London 8.500 9/26/2019 EUR 64.600
Vontobel Financial Prod 4.000 11/25/2019 EUR 70.950
Bank Julius Baer & Co L 10.500 7/16/2019 USD 50.700
Landesbank Hessen-Thuer 3.500 10/23/2020 EUR 77.100
EFG International Finan 10.600 7/25/2019 CHF 62.830
Raiffeisen Centrobank A 6.250 7/12/2019 EUR 57.500
RusHydro PJSC 0.100 2/2/2023 RUB 73.560
Johnston Press Bond Plc 8.625 6/1/2019 GBP 42.841
OOO SPV Structural Inve 0.010 9/1/2023 RUB 66.740
Raiffeisen Centrobank A 5.200 12/30/2019 EUR 58.990
Vontobel Financial Prod 16.000 1/3/2020 EUR 74.683
Vontobel Financial Prod 8.000 1/3/2020 EUR 67.370
Vontobel Financial Prod 6.000 3/27/2020 EUR 71.190
Vontobel Financial Prod 8.000 3/27/2020 EUR 68.070
Deutsche Bank AG 6.200 12/24/2019 EUR 66.100
Deutsche Bank AG 6.200 9/24/2019 EUR 54.500
Deutsche Bank AG 6.200 6/25/2019 EUR 73.600
Deutsche Bank AG 6.200 6/25/2019 EUR 62.100
Deutsche Bank AG 6.200 9/24/2019 EUR 63.600
Deutsche Bank AG 6.200 12/24/2019 EUR 70.300
Deutsche Bank AG 6.200 12/24/2019 EUR 65.100
HSBC Trinkaus & Burkhar 7.300 9/27/2019 EUR 66.820
HSBC Trinkaus & Burkhar 4.100 9/27/2019 EUR 73.660
HSBC Trinkaus & Burkhar 7.100 12/27/2019 EUR 68.880
HSBC Trinkaus & Burkhar 5.200 8/23/2019 EUR 71.130
HSBC Trinkaus & Burkhar 6.500 9/27/2019 EUR 73.840
HSBC Trinkaus & Burkhar 7.300 6/28/2019 EUR 65.960
HSBC Trinkaus & Burkhar 10.500 12/27/2019 EUR 71.510
Raiffeisen Schweiz Geno 7.750 10/3/2019 CHF 42.940
HSBC Trinkaus & Burkhar 6.600 12/27/2019 EUR 73.460
Leonteq Securities AG 13.000 7/3/2019 CHF 42.620
HSBC Trinkaus & Burkhar 8.800 12/27/2019 EUR 69.960
HSBC Trinkaus & Burkhar 3.900 6/28/2019 EUR 72.950
HSBC Trinkaus & Burkhar 6.700 9/27/2019 EUR 66.930
HSBC Trinkaus & Burkhar 5.700 9/27/2019 EUR 67.650
HSBC Trinkaus & Burkhar 14.700 6/28/2019 EUR 43.950
HSBC Trinkaus & Burkhar 3.300 6/28/2019 EUR 57.390
HSBC Trinkaus & Burkhar 6.200 9/27/2019 EUR 52.980
HSBC Trinkaus & Burkhar 3.600 9/27/2019 EUR 57.860
HSBC Trinkaus & Burkhar 9.700 12/27/2019 EUR 50.710
HSBC Trinkaus & Burkhar 6.200 12/27/2019 EUR 54.490
HSBC Trinkaus & Burkhar 8.400 8/23/2019 EUR 49.770
HSBC Trinkaus & Burkhar 8.000 11/22/2019 EUR 51.640
Commerzbank AG 5.000 8/23/2019 EUR 72.310
Commerzbank AG 9.000 8/23/2019 EUR 65.150
Commerzbank AG 3.500 8/23/2019 EUR 71.580
UniCredit Bank AG 4.650 4/16/2021 EUR 63.320
Zurcher Kantonalbank Fi 8.750 10/4/2019 CHF 72.270
Leonteq Securities AG 13.000 6/26/2019 CHF 67.250
Corner Banca SA 14.500 6/26/2019 CHF 67.940
EFG International Finan 10.850 3/30/2020 USD 73.310
Leonteq Securities AG/G 12.000 1/3/2020 CHF 70.630
Credit Suisse AG/Nassau 10.000 7/8/2019 EUR 54.480
DZ Bank AG Deutsche Zen 6.250 6/26/2019 EUR 70.010
DZ Bank AG Deutsche Zen 6.000 6/26/2019 EUR 62.260
DZ Bank AG Deutsche Zen 8.500 6/26/2019 EUR 63.300
DZ Bank AG Deutsche Zen 6.000 6/26/2019 EUR 51.730
DZ Bank AG Deutsche Zen 5.250 6/26/2019 EUR 49.200
Bayerische Landesbank 4.000 10/25/2019 EUR 72.860
DZ Bank AG Deutsche Zen 6.250 6/26/2019 EUR 53.420
DZ Bank AG Deutsche Zen 8.250 6/26/2019 EUR 67.980
DZ Bank AG Deutsche Zen 6.750 6/26/2019 EUR 60.160
DekaBank Deutsche Giroz 2.700 4/17/2020 EUR 63.330
Commerzbank AG 8.500 9/27/2019 EUR 66.900
Commerzbank AG 13.000 7/26/2019 EUR 61.400
Commerzbank AG 9.000 8/23/2019 EUR 60.520
Commerzbank AG 11.000 8/23/2019 EUR 58.020
Landesbank Baden-Wuertt 7.000 9/27/2019 EUR 64.950
Landesbank Baden-Wuertt 5.000 9/27/2019 EUR 31.890
Landesbank Baden-Wuertt 2.500 9/27/2019 EUR 72.520
Landesbank Baden-Wuertt 2.500 9/27/2019 EUR 68.790
Landesbank Baden-Wuertt 4.000 9/27/2019 EUR 68.670
Landesbank Baden-Wuertt 5.500 9/27/2019 EUR 63.210
Landesbank Baden-Wuertt 7.000 9/27/2019 EUR 58.610
Landesbank Baden-Wuertt 6.000 9/27/2019 EUR 61.010
Landesbank Baden-Wuertt 3.500 9/27/2019 EUR 69.640
Landesbank Baden-Wuertt 5.000 9/27/2019 EUR 67.330
Landesbank Baden-Wuertt 7.000 9/27/2019 EUR 63.680
Landesbank Baden-Wuertt 5.600 1/24/2020 EUR 52.040
Landesbank Baden-Wuertt 4.000 9/27/2019 EUR 70.030
Landesbank Baden-Wuertt 7.000 9/27/2019 EUR 75.290
Landesbank Baden-Wuertt 3.500 9/27/2019 EUR 64.850
Vontobel Financial Prod 6.150 6/28/2019 EUR 73.470
Natixis SA 4.975 3/23/2020 USD 57.229
Vontobel Financial Prod 9.250 10/25/2019 EUR 74.080
Vontobel Financial Prod 6.500 10/25/2019 EUR 73.340
UBS AG/London 8.000 9/30/2019 EUR 58.100
Commerzbank AG 5.500 9/27/2019 EUR 69.420
Commerzbank AG 9.500 9/27/2019 EUR 61.940
Commerzbank AG 10.500 9/27/2019 EUR 70.340
Commerzbank AG 10.750 9/27/2019 EUR 68.410
Commerzbank AG 7.750 9/27/2019 EUR 67.950
Commerzbank AG 11.750 9/27/2019 EUR 63.100
Commerzbank AG 4.500 9/27/2019 EUR 72.660
Commerzbank AG 8.500 9/27/2019 EUR 67.370
Leonteq Securities AG 10.400 7/9/2019 CHF 67.060
Commerzbank AG 6.250 9/27/2019 EUR 67.160
Commerzbank AG 10.250 9/27/2019 EUR 60.540
Commerzbank AG 6.750 9/27/2019 EUR 64.080
Commerzbank AG 3.750 9/27/2019 EUR 70.060
Commerzbank AG 8.750 9/27/2019 EUR 71.340
Commerzbank AG 7.750 9/27/2019 EUR 63.040
Commerzbank AG 8.500 9/27/2019 EUR 67.400
Raiffeisen Centrobank A 7.000 10/25/2019 EUR 64.430
Raiffeisen Schweiz Geno 6.250 10/9/2019 CHF 46.000
HSBC Trinkaus & Burkhar 8.500 6/28/2019 EUR 71.360
HSBC Trinkaus & Burkhar 4.000 6/28/2019 EUR 68.110
HSBC Trinkaus & Burkhar 5.200 9/27/2019 EUR 65.610
HSBC Trinkaus & Burkhar 5.300 7/26/2019 EUR 65.090
HSBC Trinkaus & Burkhar 6.500 7/26/2019 EUR 62.790
HSBC Trinkaus & Burkhar 3.600 6/28/2019 EUR 62.350
HSBC Trinkaus & Burkhar 8.700 6/28/2019 EUR 27.460
HSBC Trinkaus & Burkhar 7.500 6/28/2019 EUR 28.310
HSBC Trinkaus & Burkhar 4.200 6/28/2019 EUR 31.400
HSBC Trinkaus & Burkhar 5.200 7/26/2019 EUR 30.580
HSBC Trinkaus & Burkhar 4.500 9/27/2019 EUR 66.180
HSBC Trinkaus & Burkhar 5.900 7/26/2019 EUR 60.880
HSBC Trinkaus & Burkhar 6.800 6/28/2019 EUR 62.980
HSBC Trinkaus & Burkhar 6.800 6/28/2019 EUR 63.000
HSBC Trinkaus & Burkhar 5.100 7/26/2019 EUR 67.350
Landesbank Baden-Wuertt 4.500 9/27/2019 EUR 63.640
DZ Bank AG Deutsche Zen 8.300 6/24/2019 EUR 65.900
DZ Bank AG Deutsche Zen 8.500 6/24/2019 EUR 69.780
DZ Bank AG Deutsche Zen 5.500 12/27/2019 EUR 63.290
Credit Suisse AG/Nassau 8.000 7/12/2019 EUR 61.810
Credit Suisse AG/Nassau 8.000 7/12/2019 CHF 72.260
DZ Bank AG Deutsche Zen 6.750 10/23/2019 EUR 74.660
DZ Bank AG Deutsche Zen 4.500 12/27/2019 EUR 68.030
Commerzbank AG 7.500 6/28/2019 EUR 60.470
Bank Julius Baer & Co L 10.000 10/2/2019 USD 73.900
Leonteq Securities AG/G 14.200 10/10/2019 USD 55.570
Vontobel Financial Prod 5.700 6/14/2019 EUR 68.610
Vontobel Financial Prod 12.250 6/14/2019 EUR 58.780
Vontobel Financial Prod 12.700 6/14/2019 EUR 70.400
Vontobel Financial Prod 12.300 6/14/2019 EUR 71.270
Vontobel Financial Prod 11.800 6/14/2019 EUR 63.040
Vontobel Financial Prod 3.350 6/14/2019 EUR 68.080
Vontobel Financial Prod 6.050 6/14/2019 EUR 61.780
Vontobel Financial Prod 7.650 6/14/2019 EUR 59.090
Vontobel Financial Prod 9.400 6/14/2019 EUR 56.650
Vontobel Financial Prod 14.950 6/14/2019 EUR 68.680
DZ Bank AG Deutsche Zen 6.250 6/26/2019 EUR 56.630
Vontobel Financial Prod 9.050 6/14/2019 EUR 61.960
Vontobel Financial Prod 9.150 6/14/2019 EUR 74.580
Vontobel Financial Prod 9.250 6/14/2019 EUR 73.810
DZ Bank AG Deutsche Zen 4.750 6/24/2019 EUR 65.210
UBS AG/London 5.500 11/18/2019 CHF 69.700
UBS AG/London 9.500 11/16/2020 USD 65.200
Raiffeisen Schweiz Geno 4.600 5/25/2020 CHF 61.540
Raiffeisen Schweiz Geno 7.500 5/25/2020 CHF 32.720
Credit Suisse AG/Nassau 9.000 9/3/2019 USD 67.130
BNP Paribas Emissions- 6.000 6/27/2019 EUR 57.360
BNP Paribas Emissions- 7.000 12/30/2019 EUR 60.450
BNP Paribas Emissions- 8.000 12/30/2019 EUR 58.360
BNP Paribas Emissions- 8.000 6/27/2019 EUR 68.610
BNP Paribas Emissions- 4.000 12/30/2019 EUR 72.280
BNP Paribas Emissions- 5.000 6/27/2019 EUR 71.620
BNP Paribas Emissions- 10.000 6/27/2019 EUR 72.100
Landesbank Baden-Wuertt 3.000 12/29/2020 EUR 58.400
Landesbank Baden-Wuertt 4.250 12/29/2020 EUR 60.840
Leonteq Securities AG/G 12.000 11/29/2019 CHF 55.370
Landesbank Hessen-Thuer 3.150 6/14/2019 EUR 70.200
Leonteq Securities AG/G 6.400 11/20/2019 CHF 62.890
Leonteq Securities AG/G 7.400 11/20/2019 USD 54.320
Deutsche Bank AG 5.200 6/25/2019 EUR 45.200
Deutsche Bank AG 5.200 6/25/2019 EUR 67.100
Deutsche Bank AG 5.200 6/25/2019 EUR 71.100
Deutsche Bank AG 5.200 6/25/2019 EUR 67.200
Deutsche Bank AG 5.200 6/25/2019 EUR 71.700
Deutsche Bank AG 5.200 6/25/2019 EUR 68.800
Deutsche Bank AG 5.200 6/25/2019 EUR 72.100
Deutsche Bank AG 5.200 6/25/2019 EUR 70.600
Deutsche Bank AG 5.200 6/25/2019 EUR 68.000
Deutsche Bank AG 5.200 6/25/2019 EUR 65.600
Deutsche Bank AG 5.200 6/25/2019 EUR 57.900
Deutsche Bank AG 5.200 6/25/2019 EUR 48.300
Deutsche Bank AG 5.200 6/25/2019 EUR 63.000
Deutsche Bank AG 5.200 6/25/2019 EUR 60.000
Deutsche Bank AG 5.200 6/25/2019 EUR 52.600
Deutsche Bank AG 4.200 6/25/2019 EUR 58.300
Deutsche Bank AG 4.200 6/25/2019 EUR 53.100
Deutsche Bank AG 4.200 6/25/2019 EUR 68.400
Deutsche Bank AG 4.200 6/25/2019 EUR 64.800
Deutsche Bank AG 4.200 6/25/2019 EUR 70.600
Deutsche Bank AG 4.200 6/25/2019 EUR 48.300
Deutsche Bank AG 4.200 6/25/2019 EUR 71.000
Deutsche Bank AG 4.200 6/25/2019 EUR 71.600
Deutsche Bank AG 4.200 6/25/2019 EUR 73.300
Deutsche Bank AG 4.200 6/25/2019 EUR 70.500
Deutsche Bank AG 4.200 6/25/2019 EUR 67.900
Deutsche Bank AG 4.200 6/25/2019 EUR 55.600
Deutsche Bank AG 4.200 6/25/2019 EUR 51.600
DZ Bank AG Deutsche Zen 11.700 6/26/2019 EUR 42.880
DZ Bank AG Deutsche Zen 11.300 6/26/2019 EUR 55.500
DZ Bank AG Deutsche Zen 6.100 6/26/2019 EUR 61.700
DZ Bank AG Deutsche Zen 5.400 6/26/2019 EUR 69.130
DZ Bank AG Deutsche Zen 11.300 6/26/2019 EUR 48.410
Vontobel Financial Prod 7.750 6/28/2019 EUR 73.260
Vontobel Financial Prod 4.750 6/28/2019 EUR 73.560
Leonteq Securities AG/G 7.000 12/1/2020 CHF 66.450
BNP Paribas Emissions- 8.000 6/27/2019 EUR 49.100
Leonteq Securities AG/G 7.000 12/6/2019 CHF 65.530
BNP Paribas Emissions- 9.000 6/27/2019 EUR 72.480
BNP Paribas Emissions- 3.500 6/27/2019 EUR 66.300
BNP Paribas Emissions- 7.500 6/27/2019 EUR 55.280
BNP Paribas Emissions- 6.500 6/27/2019 EUR 71.930
BNP Paribas Emissions- 11.000 6/27/2019 EUR 61.030
BNP Paribas Emissions- 9.500 6/27/2019 EUR 71.240
BNP Paribas Emissions- 11.000 6/27/2019 EUR 68.520
BNP Paribas Emissions- 7.000 6/27/2019 EUR 73.210
BNP Paribas Emissions- 9.500 6/27/2019 EUR 67.740
BNP Paribas Emissions- 9.000 6/27/2019 EUR 65.910
BNP Paribas Emissions- 6.500 6/27/2019 EUR 68.270
BNP Paribas Emissions- 7.000 6/27/2019 EUR 67.610
BNP Paribas Emissions- 7.500 6/27/2019 EUR 66.960
BNP Paribas Emissions- 9.000 6/27/2019 EUR 48.810
BNP Paribas Emissions- 9.500 6/27/2019 EUR 47.210
BNP Paribas Emissions- 4.000 6/27/2019 EUR 58.360
BNP Paribas Emissions- 5.500 6/27/2019 EUR 54.220
BNP Paribas Emissions- 7.000 6/27/2019 EUR 51.100
BNP Paribas Emissions- 5.000 6/27/2019 EUR 71.740
BNP Paribas Emissions- 6.000 6/27/2019 EUR 68.990
BNP Paribas Emissions- 6.500 6/27/2019 EUR 67.440
BNP Paribas Emissions- 7.000 6/27/2019 EUR 66.470
BNP Paribas Emissions- 7.500 6/27/2019 EUR 65.520
DZ Bank AG Deutsche Zen 5.000 6/26/2019 EUR 65.890
DZ Bank AG Deutsche Zen 5.000 6/26/2019 EUR 73.130
DZ Bank AG Deutsche Zen 8.250 6/26/2019 EUR 73.660
DZ Bank AG Deutsche Zen 11.000 6/26/2019 EUR 63.500
Landesbank Hessen-Thuer 7.800 12/15/2022 EUR 72.110
DZ Bank AG Deutsche Zen 8.100 6/26/2019 EUR 73.290
Landesbank Hessen-Thuer 7.250 3/15/2023 EUR 46.900
Landesbank Baden-Wuertt 3.350 8/28/2020 EUR 58.770
DZ Bank AG Deutsche Zen 6.250 6/26/2019 EUR 59.120
Landesbank Hessen-Thuer 5.350 9/22/2023 EUR 47.620
Vontobel Financial Prod 6.000 3/27/2020 EUR 72.780
Landesbank Baden-Wuertt 2.800 6/25/2021 EUR 70.040
Bayerische Landesbank 2.700 2/21/2020 EUR 63.550
Commerzbank AG 1.500 3/22/2024 USD 2.800
Barclays Bank PLC 7.500 2/28/2020 USD 10.260
Landesbank Hessen-Thuer 2.750 5/30/2019 EUR 62.500
Leonteq Securities AG 7.800 5/14/2021 CHF 38.410
Leonteq Securities AG 14.000 8/14/2019 CHF 51.150
Leonteq Securities AG 11.400 8/14/2019 CHF 60.420
Vontobel Financial Prod 4.700 6/7/2019 EUR 48.620
Vontobel Financial Prod 7.500 6/28/2019 EUR 73.150
Vontobel Financial Prod 9.500 6/28/2019 EUR 56.110
Vontobel Financial Prod 7.000 6/28/2019 EUR 53.010
DekaBank Deutsche Giroz 2.800 11/22/2019 EUR 72.410
UniCredit Bank AG 8.300 12/29/2020 EUR 71.160
UniCredit Bank AG 7.700 12/29/2020 EUR 59.710
UniCredit Bank AG 8.100 12/29/2020 EUR 63.040
UniCredit Bank AG 5.300 1/3/2020 EUR 62.240
UniCredit Bank AG 6.800 1/3/2020 EUR 63.490
UniCredit Bank AG 6.200 1/3/2020 EUR 65.300
UniCredit Bank AG 10.000 1/3/2020 EUR 71.560
UniCredit Bank AG 5.900 1/3/2020 EUR 67.600
UniCredit Bank AG 10.500 1/3/2020 EUR 57.340
UniCredit Bank AG 8.200 12/29/2020 EUR 59.150
UniCredit Bank AG 6.200 12/29/2020 EUR 65.530
Bank Julius Baer & Co L 8.000 10/31/2019 CHF 65.050
UniCredit Bank AG 9.000 1/3/2020 EUR 75.460
UniCredit Bank AG 8.600 1/3/2020 EUR 72.010
UniCredit Bank AG 8.400 1/3/2020 EUR 61.540
UniCredit Bank AG 11.700 1/3/2020 EUR 69.670
UniCredit Bank AG 9.600 1/3/2020 EUR 64.190
UniCredit Bank AG 5.200 1/3/2020 EUR 75.230
UniCredit Bank AG 5.400 1/3/2020 EUR 67.140
UniCredit Bank AG 9.200 12/29/2020 EUR 72.210
UniCredit Bank AG 7.500 12/29/2020 EUR 69.270
UniCredit Bank AG 6.100 12/29/2020 EUR 64.260
UniCredit Bank AG 7.200 12/29/2020 EUR 70.210
UniCredit Bank AG 6.800 12/29/2020 EUR 63.220
UniCredit Bank AG 6.300 12/29/2020 EUR 69.590
UniCredit Bank AG 7.300 12/29/2020 EUR 67.690
UniCredit Bank AG 6.900 12/29/2020 EUR 56.710
UniCredit Bank AG 11.800 12/29/2020 EUR 51.930
UniCredit Bank AG 9.500 12/29/2020 EUR 57.490
UniCredit Bank AG 8.100 12/29/2020 EUR 70.470
UniCredit Bank AG 6.600 12/29/2020 EUR 72.890
UniCredit Bank AG 8.400 12/29/2020 EUR 38.780
UniCredit Bank AG 6.600 12/29/2020 EUR 63.250
UniCredit Bank AG 9.300 12/29/2020 EUR 63.420
UniCredit Bank AG 10.500 12/29/2020 EUR 72.970
UniCredit Bank AG 9.400 12/29/2020 EUR 50.950
UniCredit Bank AG 7.600 12/29/2020 EUR 64.450
UniCredit Bank AG 8.000 12/29/2020 EUR 70.180
UniCredit Bank AG 6.400 12/29/2020 EUR 67.440
UniCredit Bank AG 7.800 12/29/2020 EUR 61.770
UniCredit Bank AG 8.700 12/29/2020 EUR 62.390
UniCredit Bank AG 10.600 12/29/2020 EUR 50.300
UniCredit Bank AG 10.800 12/29/2020 EUR 59.680
UniCredit Bank AG 8.000 12/29/2020 EUR 73.950
UniCredit Bank AG 9.200 12/29/2020 EUR 62.000
UniCredit Bank AG 8.900 12/29/2020 EUR 55.140
Erste Group Bank AG 3.900 10/19/2019 EUR 48.800
Landesbank Baden-Wuertt 3.000 10/25/2019 EUR 72.070
Landesbank Baden-Wuertt 4.000 10/25/2019 EUR 68.200
Landesbank Baden-Wuertt 2.500 10/25/2019 EUR 68.180
Landesbank Baden-Wuertt 4.500 10/25/2019 EUR 58.020
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 72.930
Landesbank Baden-Wuertt 2.000 10/25/2019 EUR 36.870
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 31.110
Landesbank Baden-Wuertt 1.500 10/25/2019 EUR 63.100
Landesbank Baden-Wuertt 3.500 10/25/2019 EUR 54.770
Landesbank Baden-Wuertt 4.500 10/25/2019 EUR 53.300
UniCredit Bank AG 3.350 6/14/2022 EUR 64.500
Landesbank Baden-Wuertt 1.500 10/25/2019 EUR 65.410
Landesbank Baden-Wuertt 2.500 10/25/2019 EUR 59.950
UniCredit Bank AG 3.550 6/7/2021 EUR 64.220
Landesbank Baden-Wuertt 4.500 10/25/2019 EUR 53.950
Bank Julius Baer & Co L 4.850 8/22/2019 CHF 61.800
Landesbank Baden-Wuertt 3.000 10/25/2019 EUR 69.730
Landesbank Baden-Wuertt 3.000 10/25/2019 EUR 70.180
Landesbank Baden-Wuertt 2.500 10/25/2019 EUR 70.210
BNP Paribas Emissions- 10.000 6/27/2019 EUR 71.930
BNP Paribas Emissions- 7.500 6/27/2019 EUR 60.450
BNP Paribas Emissions- 11.000 6/27/2019 EUR 55.620
BNP Paribas Emissions- 6.500 12/30/2019 EUR 62.500
BNP Paribas Emissions- 10.000 12/30/2019 EUR 57.710
BNP Paribas Emissions- 8.500 12/30/2019 EUR 64.830
BNP Paribas Emissions- 11.000 12/30/2019 EUR 60.620
BNP Paribas Emissions- 5.500 6/27/2019 EUR 62.210
BNP Paribas Emissions- 9.000 12/30/2019 EUR 73.920
BNP Paribas Emissions- 5.000 6/27/2019 EUR 70.610
BNP Paribas Emissions- 12.000 6/27/2019 EUR 65.580
BNP Paribas Emissions- 8.000 6/27/2019 EUR 63.820
BNP Paribas Emissions- 9.500 6/27/2019 EUR 60.570
BNP Paribas Emissions- 11.000 6/27/2019 EUR 59.150
BNP Paribas Emissions- 5.000 12/30/2019 EUR 70.630
BNP Paribas Emissions- 6.500 12/30/2019 EUR 68.710
BNP Paribas Emissions- 8.500 6/27/2019 EUR 73.070
BNP Paribas Emissions- 10.000 6/27/2019 EUR 71.610
BNP Paribas Emissions- 13.000 6/27/2019 EUR 66.870
BNP Paribas Emissions- 7.000 12/30/2019 EUR 67.230
BNP Paribas Emissions- 10.000 12/30/2019 EUR 73.340
BNP Paribas Emissions- 7.000 6/27/2019 EUR 56.150
BNP Paribas Emissions- 9.000 6/27/2019 EUR 52.390
BNP Paribas Emissions- 15.000 6/27/2019 EUR 46.550
BNP Paribas Emissions- 5.500 12/30/2019 EUR 72.970
BNP Paribas Emissions- 6.000 12/30/2019 EUR 70.050
BNP Paribas Emissions- 9.500 12/30/2019 EUR 63.830
BNP Paribas Emissions- 5.500 6/27/2019 EUR 61.470
BNP Paribas Emissions- 7.000 6/27/2019 EUR 59.210
BNP Paribas Emissions- 8.500 6/27/2019 EUR 57.130
BNP Paribas Emissions- 4.000 6/27/2019 EUR 61.580
BNP Paribas Emissions- 6.000 6/27/2019 EUR 57.410
BNP Paribas Emissions- 9.500 6/27/2019 EUR 51.940
BNP Paribas Emissions- 12.000 6/27/2019 EUR 52.630
BNP Paribas Emissions- 4.000 12/30/2019 EUR 66.700
BNP Paribas Emissions- 13.000 6/27/2019 EUR 63.580
BNP Paribas Emissions- 11.000 6/27/2019 EUR 73.020
BNP Paribas Emissions- 6.500 6/27/2019 EUR 31.720
BNP Paribas Emissions- 8.000 6/27/2019 EUR 30.640
BNP Paribas Emissions- 9.500 6/27/2019 EUR 29.650
BNP Paribas Emissions- 12.000 6/27/2019 EUR 28.350
BNP Paribas Emissions- 6.000 6/27/2019 EUR 60.140
BNP Paribas Emissions- 5.000 6/27/2019 EUR 56.040
BNP Paribas Emissions- 6.000 6/27/2019 EUR 53.080
BNP Paribas Emissions- 10.000 6/27/2019 EUR 48.260
DZ Bank AG Deutsche Zen 9.500 6/26/2019 EUR 52.080
DZ Bank AG Deutsche Zen 11.000 5/22/2019 EUR 64.120
Vontobel Financial Prod 9.000 6/5/2020 EUR 59.010
UniCredit Bank AG 3.000 6/28/2019 EUR 50.680
Leonteq Securities AG/G 5.000 11/27/2019 CHF 57.140
Leonteq Securities AG/G 5.600 5/25/2021 CHF 62.730
Leonteq Securities AG/G 6.000 11/13/2019 CHF 52.260
UBS AG/London 4.900 9/26/2019 EUR 58.520
UBS AG/London 5.000 9/26/2019 EUR 61.150
Credit Suisse AG/Nassau 8.000 8/26/2019 USD 71.050
Natixis SA 2.475 10/21/2019 EUR 65.958
EFG International Finan 14.000 5/31/2019 CHF 53.750
DZ Bank AG Deutsche Zen 10.750 6/26/2019 EUR 68.720
DZ Bank AG Deutsche Zen 5.250 6/26/2019 EUR 72.840
UniCredit Bank AG 4.400 12/10/2022 EUR 69.970
EFG International Finan 7.000 11/16/2020 EUR 55.560
Leonteq Securities AG/G 5.000 11/27/2019 CHF 57.630
Vontobel Financial Prod 3.250 6/28/2019 EUR 56.490
Raiffeisen Schweiz Geno 6.150 11/13/2019 CHF 73.670
Leonteq Securities AG/G 5.000 11/13/2019 CHF 70.660
Vontobel Financial Prod 9.000 7/26/2019 EUR 72.010
UniCredit Bank AG 4.000 6/11/2020 EUR 55.250
Vontobel Financial Prod 19.000 9/27/2019 EUR 73.880
UniCredit Bank AG 4.400 11/27/2019 EUR 68.420
Vontobel Financial Prod 7.500 1/3/2020 EUR 73.060
Vontobel Financial Prod 10.000 1/3/2020 EUR 68.150
Vontobel Financial Prod 14.000 9/27/2019 EUR 63.750
Commerzbank AG 10.750 9/27/2019 EUR 71.530
Commerzbank AG 17.250 6/28/2019 EUR 68.550
BNP Paribas Emissions- 15.000 9/26/2019 EUR 74.580
BNP Paribas Emissions- 19.000 6/27/2019 EUR 72.390
Landesbank Baden-Wuertt 5.000 10/23/2020 EUR 62.470
Commerzbank AG 15.250 6/28/2019 EUR 70.570
HSBC Trinkaus & Burkhar 2.250 4/22/2020 EUR 68.110
Vontobel Financial Prod 12.000 1/3/2020 EUR 71.790
Commerzbank AG 14.000 10/25/2019 EUR 72.310
Commerzbank AG 13.500 9/27/2019 EUR 72.690
BNP Paribas Emissions- 18.000 6/27/2019 EUR 74.680
Landesbank Baden-Wuertt 2.500 10/23/2020 EUR 68.940
HSBC Trinkaus & Burkhar 2.250 4/22/2020 EUR 68.110
HSBC Trinkaus & Burkhar 1.000 4/22/2020 EUR 70.940
Vontobel Financial Prod 6.000 1/3/2020 EUR 75.590
Commerzbank AG 12.750 9/27/2019 EUR 69.540
Commerzbank AG 8.750 9/27/2019 EUR 74.030
BNP Paribas Emissions- 16.000 6/27/2019 EUR 53.940
BNP Paribas Emissions- 13.000 9/26/2019 EUR 56.950
BNP Paribas Emissions- 9.500 6/27/2019 EUR 70.470
Commerzbank AG 8.500 6/28/2019 EUR 65.940
BNP Paribas Emissions- 13.000 6/27/2019 EUR 73.480
BNP Paribas Emissions- 9.500 9/26/2019 EUR 69.700
BNP Paribas Emissions- 9.500 12/30/2019 EUR 72.080
BNP Paribas Emissions- 12.000 12/30/2019 EUR 39.910
BNP Paribas Emissions- 4.000 9/26/2019 EUR 73.030
BNP Paribas Emissions- 8.000 9/26/2019 EUR 61.590
BNP Paribas Emissions- 13.000 9/26/2019 EUR 57.060
BNP Paribas Emissions- 5.000 12/30/2019 EUR 66.010
BNP Paribas Emissions- 9.500 9/26/2019 EUR 73.560
BNP Paribas Emissions- 13.000 9/26/2019 EUR 68.250
BNP Paribas Emissions- 5.000 12/30/2019 EUR 65.660
BNP Paribas Emissions- 7.500 9/26/2019 EUR 62.200
BNP Paribas Emissions- 9.000 9/26/2019 EUR 72.790
BNP Paribas Emissions- 12.000 12/30/2019 EUR 71.150
BNP Paribas Emissions- 9.500 6/27/2019 EUR 66.780
BNP Paribas Emissions- 12.000 6/27/2019 EUR 63.760
BNP Paribas Emissions- 7.000 9/26/2019 EUR 70.670
BNP Paribas Emissions- 8.500 9/26/2019 EUR 67.950
Commerzbank AG 7.750 7/26/2019 EUR 66.700
Commerzbank AG 8.750 7/26/2019 EUR 65.470
DZ Bank AG Deutsche Zen 8.750 9/25/2019 EUR 65.820
DZ Bank AG Deutsche Zen 6.500 9/25/2019 EUR 71.020
DZ Bank AG Deutsche Zen 9.500 6/26/2019 EUR 73.210
DZ Bank AG Deutsche Zen 5.500 9/25/2019 EUR 55.950
Landesbank Baden-Wuertt 3.500 8/23/2019 EUR 72.980
Landesbank Baden-Wuertt 5.000 8/23/2019 EUR 72.580
Landesbank Baden-Wuertt 4.500 8/23/2019 EUR 57.950
Landesbank Baden-Wuertt 7.000 8/23/2019 EUR 52.780
Commerzbank AG 16.750 6/28/2019 EUR 74.050
HSBC Trinkaus & Burkhar 8.530 2/21/2020 EUR 70.310
Commerzbank AG 14.500 9/27/2019 EUR 71.680
Landesbank Baden-Wuertt 3.000 10/23/2020 EUR 76.610
Commerzbank AG 15.000 6/28/2019 EUR 71.620
BNP Paribas Emissions- 15.000 6/27/2019 EUR 68.250
HSBC Trinkaus & Burkhar 3.000 8/10/2020 EUR 69.600
HSBC Trinkaus & Burkhar 6.000 2/28/2020 EUR 72.520
Vontobel Financial Prod 14.000 1/3/2020 EUR 69.730
Vontobel Financial Prod 12.000 1/3/2020 EUR 70.200
Vontobel Financial Prod 14.000 1/3/2020 EUR 71.961
Vontobel Financial Prod 18.500 1/3/2020 EUR 72.210
DZ Bank AG Deutsche Zen 14.000 9/25/2019 EUR 68.410
UBS AG/London 9.000 10/19/2020 USD 66.850
Commerzbank AG 20.500 6/28/2019 EUR 73.710
Commerzbank AG 16.250 7/26/2019 EUR 73.500
BNP Paribas Emissions- 8.000 9/26/2019 EUR 61.690
Leonteq Securities AG/G 5.000 5/5/2020 EUR 51.350
BNP Paribas Emissions- 11.000 6/27/2019 EUR 68.970
BNP Paribas Emissions- 8.500 9/26/2019 EUR 73.450
BNP Paribas Emissions- 16.000 6/27/2019 EUR 70.890
BNP Paribas Emissions- 12.000 12/30/2019 EUR 63.190
BNP Paribas Emissions- 5.500 12/30/2019 EUR 64.620
BNP Paribas Emissions- 9.000 12/30/2019 EUR 60.930
BNP Paribas Emissions- 5.000 9/26/2019 EUR 64.700
Vontobel Financial Prod 14.000 9/13/2019 EUR 71.820
BNP Paribas Emissions- 7.500 9/26/2019 EUR 74.290
BNP Paribas Emissions- 14.000 9/26/2019 EUR 68.520
BNP Paribas Emissions- 12.000 6/27/2019 EUR 59.880
BNP Paribas Emissions- 7.000 6/27/2019 EUR 70.130
BNP Paribas Emissions- 14.000 9/26/2019 EUR 61.480
Commerzbank AG 5.750 7/26/2019 EUR 70.150
DZ Bank AG Deutsche Zen 5.250 9/25/2019 EUR 65.750
DZ Bank AG Deutsche Zen 6.000 9/25/2019 EUR 66.000
HSBC Trinkaus & Burkhar 9.600 6/28/2019 EUR 68.180
HSBC Trinkaus & Burkhar 4.300 6/26/2020 EUR 66.680
HSBC Trinkaus & Burkhar 3.500 6/26/2020 EUR 65.870
Vontobel Financial Prod 7.650 9/19/2019 EUR 56.390
Vontobel Financial Prod 15.500 6/28/2019 EUR 62.100
Vontobel Financial Prod 9.800 9/19/2019 USD 63.620
Vontobel Financial Prod 16.500 9/27/2019 EUR 62.670
Vontobel Financial Prod 19.000 6/28/2019 EUR 59.190
Vontobel Financial Prod 2.500 6/28/2019 EUR 75.580
Vontobel Financial Prod 15.000 6/28/2019 EUR 56.570
Vontobel Financial Prod 13.000 9/27/2019 EUR 74.620
Vontobel Financial Prod 7.000 9/27/2019 EUR 73.430
Vontobel Financial Prod 13.500 9/27/2019 EUR 66.720
Vontobel Financial Prod 7.000 6/28/2019 EUR 73.900
Vontobel Financial Prod 10.000 6/28/2019 EUR 70.030
Vontobel Financial Prod 13.000 6/28/2019 EUR 66.670
HSBC Trinkaus & Burkhar 5.900 12/27/2019 EUR 71.140
HSBC Trinkaus & Burkhar 7.300 12/27/2019 EUR 53.430
HSBC Trinkaus & Burkhar 10.400 12/27/2019 EUR 72.640
Vontobel Financial Prod 7.000 9/27/2019 EUR 71.390
Vontobel Financial Prod 18.500 9/27/2019 EUR 70.880
Vontobel Financial Prod 9.000 9/27/2019 EUR 74.700
Vontobel Financial Prod 14.000 9/27/2019 EUR 69.390
Vontobel Financial Prod 9.500 6/28/2019 EUR 74.260
Vontobel Financial Prod 11.500 9/11/2019 EUR 73.730
BNP Paribas Emissions- 12.000 9/26/2019 EUR 74.350
HSBC Trinkaus & Burkhar 13.310 9/27/2019 EUR 49.360
BNP Paribas Emissions- 7.000 9/26/2019 EUR 75.530
BNP Paribas Emissions- 8.000 12/30/2019 EUR 74.730
BNP Paribas Emissions- 9.500 12/30/2019 EUR 73.730
BNP Paribas Emissions- 10.000 12/30/2019 EUR 72.810
BNP Paribas Emissions- 11.000 12/30/2019 EUR 72.240
BNP Paribas Emissions- 10.000 9/26/2019 EUR 65.450
BNP Paribas Emissions- 6.000 12/30/2019 EUR 70.860
BNP Paribas Emissions- 7.500 12/30/2019 EUR 68.680
Commerzbank AG 4.750 7/26/2019 EUR 72.510
Commerzbank AG 6.750 7/26/2019 EUR 68.240
Landesbank Baden-Wuertt 6.000 8/23/2019 EUR 69.800
SG Issuer SA 3.000 9/2/2021 EUR 43.970
Landesbank Baden-Wuertt 3.500 8/23/2019 EUR 75.370
Commerzbank AG 17.500 5/24/2019 EUR 66.980
Landesbank Baden-Wuertt 2.780 8/23/2019 EUR 49.600
Vontobel Financial Prod 8.500 6/28/2019 EUR 71.980
Vontobel Financial Prod 5.500 9/27/2019 EUR 61.820
Vontobel Financial Prod 19.000 9/27/2019 EUR 60.120
Vontobel Financial Prod 7.000 6/28/2019 EUR 65.760
Vontobel Financial Prod 9.500 9/27/2019 EUR 62.940
HSBC Trinkaus & Burkhar 7.200 6/26/2020 EUR 56.300
Vontobel Financial Prod 18.500 6/28/2019 EUR 71.250
Vontobel Financial Prod 17.500 9/27/2019 EUR 66.370
Vontobel Financial Prod 15.000 9/27/2019 EUR 74.660
Vontobel Financial Prod 12.500 9/11/2019 EUR 59.740
Vontobel Financial Prod 9.500 8/23/2019 EUR 71.930
Vontobel Financial Prod 8.000 8/23/2019 EUR 73.650
Vontobel Financial Prod 6.000 8/23/2019 EUR 62.850
Vontobel Financial Prod 7.500 8/23/2019 EUR 60.780
Vontobel Financial Prod 11.500 8/23/2019 EUR 73.610
Vontobel Financial Prod 8.500 8/23/2019 EUR 70.690
Vontobel Financial Prod 10.500 8/23/2019 EUR 67.900
Vontobel Financial Prod 13.000 8/23/2019 EUR 65.480
HSBC Trinkaus & Burkhar 2.620 12/30/2019 EUR 72.090
DZ Bank AG Deutsche Zen 6.000 7/24/2019 EUR 52.850
DZ Bank AG Deutsche Zen 8.000 9/25/2019 EUR 62.910
UniCredit Bank AG 5.100 11/22/2019 EUR 70.140
Commerzbank AG 8.250 6/28/2019 EUR 72.180
Commerzbank AG 13.000 6/28/2019 EUR 60.350
Commerzbank AG 6.750 6/28/2019 EUR 67.290
Vontobel Financial Prod 12.000 6/28/2019 EUR 72.320
DZ Bank AG Deutsche Zen 4.800 6/24/2019 EUR 60.270
DZ Bank AG Deutsche Zen 6.250 9/23/2019 EUR 65.230
DZ Bank AG Deutsche Zen 5.250 9/23/2019 EUR 68.780
Vontobel Financial Prod 10.500 7/16/2019 EUR 50.250
Credit Suisse AG/Nassau 7.200 7/5/2021 CHF 69.830
Commerzbank AG 3.000 6/28/2019 EUR 59.600
Commerzbank AG 4.500 6/28/2019 EUR 52.890
Commerzbank AG 6.500 6/28/2019 EUR 50.120
Commerzbank AG 6.000 6/28/2019 EUR 55.570
Commerzbank AG 10.000 6/28/2019 EUR 65.430
Commerzbank AG 4.250 6/28/2019 EUR 64.270
Commerzbank AG 9.750 6/28/2019 EUR 73.540
Commerzbank AG 8.750 6/28/2019 EUR 60.240
Vontobel Financial Prod 16.500 6/28/2019 EUR 74.180
Commerzbank AG 8.250 6/28/2019 EUR 73.160
Commerzbank AG 8.750 6/28/2019 EUR 72.470
Commerzbank AG 6.750 6/28/2019 EUR 59.340
Commerzbank AG 4.250 6/28/2019 EUR 67.070
Commerzbank AG 5.250 6/28/2019 EUR 64.710
Commerzbank AG 6.250 6/28/2019 EUR 62.720
Commerzbank AG 8.250 6/28/2019 EUR 59.610
Commerzbank AG 9.250 6/28/2019 EUR 58.310
Commerzbank AG 4.750 6/28/2019 EUR 63.830
Commerzbank AG 6.750 6/28/2019 EUR 56.540
Commerzbank AG 8.750 6/28/2019 EUR 52.400
Commerzbank AG 10.750 6/28/2019 EUR 49.760
Commerzbank AG 10.750 6/28/2019 EUR 59.790
Commerzbank AG 12.750 6/28/2019 EUR 57.150
Commerzbank AG 9.500 6/28/2019 EUR 61.230
Commerzbank AG 11.500 6/28/2019 EUR 58.160
Commerzbank AG 3.750 6/28/2019 EUR 64.890
Commerzbank AG 4.750 6/28/2019 EUR 62.530
Commerzbank AG 7.250 6/28/2019 EUR 73.780
Commerzbank AG 8.750 6/28/2019 EUR 63.160
Vontobel Financial Prod 11.000 6/28/2019 EUR 74.030
Vontobel Financial Prod 12.000 9/27/2019 EUR 71.530
Vontobel Financial Prod 13.550 9/27/2019 EUR 68.920
Vontobel Financial Prod 13.000 6/28/2019 EUR 70.600
Vontobel Financial Prod 14.000 6/28/2019 EUR 68.870
DZ Bank AG Deutsche Zen 5.200 9/23/2019 EUR 60.460
DZ Bank AG Deutsche Zen 6.300 9/23/2019 EUR 58.560
DZ Bank AG Deutsche Zen 6.000 6/24/2019 EUR 69.260
DZ Bank AG Deutsche Zen 5.000 9/23/2019 EUR 64.810
DZ Bank AG Deutsche Zen 8.500 9/23/2019 EUR 70.000
Vontobel Financial Prod 10.000 6/28/2019 EUR 48.850
Vontobel Financial Prod 8.550 6/28/2019 EUR 66.610
Vontobel Financial Prod 7.550 6/28/2019 EUR 66.500
Vontobel Financial Prod 7.000 6/28/2019 EUR 71.960
Bank Julius Baer & Co L 8.150 7/3/2019 CHF 45.200
DZ Bank AG Deutsche Zen 6.000 9/25/2019 EUR 62.340
DZ Bank AG Deutsche Zen 7.750 9/25/2019 EUR 56.200
DZ Bank AG Deutsche Zen 5.250 9/25/2019 EUR 46.550
DZ Bank AG Deutsche Zen 8.750 9/25/2019 EUR 72.220
DZ Bank AG Deutsche Zen 4.500 9/25/2019 EUR 52.600
DZ Bank AG Deutsche Zen 6.500 9/25/2019 EUR 53.300
Vontobel Financial Prod 10.000 7/16/2019 EUR 73.340
Commerzbank AG 8.000 5/24/2019 EUR 72.630
Commerzbank AG 10.000 6/28/2019 EUR 58.090
Commerzbank AG 8.750 6/28/2019 EUR 58.230
Vontobel Financial Prod 4.100 12/20/2019 EUR 74.860
DZ Bank AG Deutsche Zen 5.000 6/24/2019 EUR 63.520
DZ Bank AG Deutsche Zen 8.250 6/24/2019 EUR 67.260
DZ Bank AG Deutsche Zen 5.000 9/23/2019 EUR 67.830
DZ Bank AG Deutsche Zen 6.750 6/24/2019 EUR 72.220
UniCredit Bank AG 3.600 11/22/2019 EUR 70.530
UniCredit Bank AG 3.800 11/22/2019 EUR 69.550
UniCredit Bank AG 4.200 7/26/2022 EUR 57.560
UniCredit Bank AG 4.450 7/23/2022 EUR 65.850
DZ Bank AG Deutsche Zen 6.000 7/24/2019 EUR 60.890
DZ Bank AG Deutsche Zen 4.000 6/26/2019 EUR 62.820
DZ Bank AG Deutsche Zen 7.250 9/25/2019 EUR 56.650
Commerzbank AG 10.000 5/24/2019 EUR 68.710
Commerzbank AG 12.000 5/24/2019 EUR 65.410
Commerzbank AG 10.750 6/28/2019 EUR 68.290
Commerzbank AG 6.750 6/28/2019 EUR 65.770
Commerzbank AG 10.750 6/28/2019 EUR 59.620
Commerzbank AG 8.000 6/28/2019 EUR 52.770
Commerzbank AG 12.000 6/28/2019 EUR 62.440
Commerzbank AG 10.250 6/28/2019 EUR 71.010
Commerzbank AG 6.750 6/28/2019 EUR 63.760
Commerzbank AG 5.750 6/28/2019 EUR 60.690
Commerzbank AG 4.750 6/28/2019 EUR 54.390
Commerzbank AG 10.250 6/28/2019 EUR 72.930
Commerzbank AG 3.250 6/28/2019 EUR 70.040
Commerzbank AG 12.750 6/28/2019 EUR 44.020
Vontobel Financial Prod 10.500 9/27/2019 EUR 74.440
DZ Bank AG Deutsche Zen 5.300 6/24/2019 EUR 59.180
DZ Bank AG Deutsche Zen 4.800 9/23/2019 EUR 70.330
DZ Bank AG Deutsche Zen 4.750 6/24/2019 EUR 57.160
DZ Bank AG Deutsche Zen 5.750 6/24/2019 EUR 72.810
DZ Bank AG Deutsche Zen 6.750 6/24/2019 EUR 62.870
DZ Bank AG Deutsche Zen 5.600 9/23/2019 EUR 59.460
DZ Bank AG Deutsche Zen 5.200 9/23/2019 EUR 69.040
DZ Bank AG Deutsche Zen 8.250 6/24/2019 EUR 70.320
DZ Bank AG Deutsche Zen 5.000 6/24/2019 EUR 62.710
DZ Bank AG Deutsche Zen 6.250 6/24/2019 EUR 62.740
Vontobel Financial Prod 6.500 6/28/2019 EUR 74.650
Vontobel Financial Prod 8.000 6/28/2019 EUR 71.540
Vontobel Financial Prod 9.000 6/28/2019 EUR 69.620
DZ Bank AG Deutsche Zen 5.000 7/24/2019 EUR 58.710
DZ Bank AG Deutsche Zen 4.000 6/26/2019 EUR 46.980
DZ Bank AG Deutsche Zen 5.250 9/25/2019 EUR 52.970
Leonteq Securities AG 13.200 10/30/2019 USD 57.320
Leonteq Securities AG 7.800 1/30/2020 CHF 56.500
Leonteq Securities AG 11.200 10/30/2019 CHF 57.140
Leonteq Securities AG 10.000 10/30/2019 CHF 56.570
Araratbank OJSC 5.250 9/11/2022 USD 24.998
HSBC Trinkaus & Burkhar 9.400 6/28/2019 EUR 36.830
HSBC Trinkaus & Burkhar 3.000 6/28/2019 EUR 46.700
HSBC Trinkaus & Burkhar 8.800 9/27/2019 EUR 39.070
HSBC Trinkaus & Burkhar 5.900 9/27/2019 EUR 41.430
HSBC Trinkaus & Burkhar 3.000 9/27/2019 EUR 46.690
HSBC Trinkaus & Burkhar 7.400 8/23/2019 EUR 39.540
HSBC Trinkaus & Burkhar 7.100 11/22/2019 EUR 41.460
HSBC Trinkaus & Burkhar 4.900 8/23/2019 EUR 62.720
HSBC Trinkaus & Burkhar 4.800 11/22/2019 EUR 63.710
HSBC Trinkaus & Burkhar 7.400 9/27/2019 EUR 73.950
HSBC Trinkaus & Burkhar 7.800 6/28/2019 EUR 60.060
HSBC Trinkaus & Burkhar 4.600 6/28/2019 EUR 66.240
HSBC Trinkaus & Burkhar 2.500 6/28/2019 EUR 74.210
HSBC Trinkaus & Burkhar 7.100 9/27/2019 EUR 64.590
HSBC Trinkaus & Burkhar 4.800 9/27/2019 EUR 67.850
HSBC Trinkaus & Burkhar 2.500 9/27/2019 EUR 73.850
HSBC Trinkaus & Burkhar 3.600 12/27/2019 EUR 71.370
HSBC Trinkaus & Burkhar 3.500 7/26/2019 EUR 70.300
HSBC Trinkaus & Burkhar 3.600 8/23/2019 EUR 70.540
HSBC Trinkaus & Burkhar 3.600 11/22/2019 EUR 71.140
HSBC Trinkaus & Burkhar 3.500 9/27/2019 EUR 66.580
HSBC Trinkaus & Burkhar 2.700 12/27/2019 EUR 69.460
HSBC Trinkaus & Burkhar 4.700 11/22/2019 EUR 64.280
HSBC Trinkaus & Burkhar 2.600 11/22/2019 EUR 69.420
HSBC Trinkaus & Burkhar 2.000 6/28/2019 EUR 67.590
HSBC Trinkaus & Burkhar 7.100 9/27/2019 EUR 56.420
HSBC Trinkaus & Burkhar 3.800 9/27/2019 EUR 62.170
HSBC Trinkaus & Burkhar 2.100 9/27/2019 EUR 67.910
HSBC Trinkaus & Burkhar 5.000 8/23/2019 EUR 69.990
HSBC Trinkaus & Burkhar 5.100 11/22/2019 EUR 71.140
HSBC Trinkaus & Burkhar 9.500 6/28/2019 EUR 56.340
HSBC Trinkaus & Burkhar 3.200 6/28/2019 EUR 65.420
HSBC Trinkaus & Burkhar 8.500 9/27/2019 EUR 58.320
HSBC Trinkaus & Burkhar 6.600 9/27/2019 EUR 60.540
HSBC Trinkaus & Burkhar 3.400 9/27/2019 EUR 66.180
HSBC Trinkaus & Burkhar 5.300 11/22/2019 EUR 59.770
HSBC Trinkaus & Burkhar 6.700 6/28/2019 EUR 69.700
HSBC Trinkaus & Burkhar 5.800 6/28/2019 EUR 70.760
HSBC Trinkaus & Burkhar 7.400 6/28/2019 EUR 65.160
HSBC Trinkaus & Burkhar 5.000 6/28/2019 EUR 67.000
HSBC Trinkaus & Burkhar 2.600 6/28/2019 EUR 73.540
HSBC Trinkaus & Burkhar 9.800 9/27/2019 EUR 71.730
HSBC Trinkaus & Burkhar 8.600 8/23/2019 EUR 73.730
Commerzbank AG 11.250 7/26/2019 EUR 54.300
Commerzbank AG 9.750 7/26/2019 EUR 62.890
Commerzbank AG 7.500 7/26/2019 EUR 57.610
Commerzbank AG 9.500 7/26/2019 EUR 55.110
Vontobel Financial Prod 7.000 9/27/2019 EUR 69.870
Vontobel Financial Prod 10.500 9/27/2019 EUR 65.780
Credit Suisse AG/Nassau 8.250 11/7/2019 EUR 62.890
Credit Suisse AG/Nassau 7.000 11/8/2019 CHF 72.000
Landesbank Hessen-Thuer 1.950 9/3/2021 EUR 59.670
Goldman Sachs & Co Wert 10.000 6/26/2019 EUR 71.720
Goldman Sachs & Co Wert 15.000 6/26/2019 EUR 65.970
Goldman Sachs & Co Wert 18.000 6/26/2019 EUR 63.690
Goldman Sachs & Co Wert 21.000 6/26/2019 EUR 55.640
Goldman Sachs & Co Wert 10.000 7/24/2019 EUR 72.940
Goldman Sachs & Co Wert 15.000 7/24/2019 EUR 67.560
Goldman Sachs & Co Wert 20.000 7/24/2019 EUR 57.100
Goldman Sachs & Co Wert 6.000 8/21/2019 EUR 72.950
Goldman Sachs & Co Wert 12.000 6/24/2020 EUR 65.610
Goldman Sachs & Co Wert 3.000 5/22/2019 EUR 70.350
Goldman Sachs & Co Wert 5.000 5/22/2019 EUR 61.680
Goldman Sachs & Co Wert 7.000 5/22/2019 EUR 58.180
Goldman Sachs & Co Wert 9.000 5/22/2019 EUR 55.070
Goldman Sachs & Co Wert 13.000 6/24/2020 EUR 54.130
Goldman Sachs & Co Wert 15.000 5/22/2019 EUR 49.920
Goldman Sachs & Co Wert 17.000 5/22/2019 EUR 50.030
Goldman Sachs & Co Wert 3.000 9/25/2019 EUR 67.830
Goldman Sachs & Co Wert 5.000 9/25/2019 EUR 60.290
Goldman Sachs & Co Wert 6.000 9/25/2019 EUR 57.220
Goldman Sachs & Co Wert 8.000 9/25/2019 EUR 54.870
Goldman Sachs & Co Wert 10.000 9/25/2019 EUR 52.840
Goldman Sachs & Co Wert 13.000 9/25/2019 EUR 51.420
Goldman Sachs & Co Wert 18.000 9/25/2019 EUR 48.920
Goldman Sachs & Co Wert 2.000 12/27/2019 EUR 72.270
Goldman Sachs & Co Wert 3.000 12/27/2019 EUR 68.230
Goldman Sachs & Co Wert 4.000 12/27/2019 EUR 68.840
Goldman Sachs & Co Wert 5.000 12/27/2019 EUR 61.460
Goldman Sachs & Co Wert 6.000 12/27/2019 EUR 58.700
Goldman Sachs & Co Wert 7.000 12/27/2019 EUR 56.290
Goldman Sachs & Co Wert 9.000 12/27/2019 EUR 54.780
Goldman Sachs & Co Wert 14.000 12/27/2019 EUR 53.140
Goldman Sachs & Co Wert 16.000 12/27/2019 EUR 52.330
Goldman Sachs & Co Wert 10.000 12/27/2019 EUR 67.330
Goldman Sachs & Co Wert 15.000 12/27/2019 EUR 62.740
Goldman Sachs & Co Wert 6.000 3/25/2020 EUR 72.480
Goldman Sachs & Co Wert 7.000 3/25/2020 EUR 70.120
Goldman Sachs & Co Wert 10.000 3/25/2020 EUR 66.990
Goldman Sachs & Co Wert 13.000 3/25/2020 EUR 64.730
Goldman Sachs & Co Wert 5.000 6/24/2020 EUR 74.460
Goldman Sachs & Co Wert 6.000 6/24/2020 EUR 72.240
Goldman Sachs & Co Wert 7.000 6/24/2020 EUR 70.260
Goldman Sachs & Co Wert 10.000 6/24/2020 EUR 68.070
Goldman Sachs & Co Wert 2.000 3/25/2020 EUR 72.760
Goldman Sachs & Co Wert 3.000 3/25/2020 EUR 68.950
Goldman Sachs & Co Wert 4.000 3/25/2020 EUR 65.530
Goldman Sachs & Co Wert 5.000 3/25/2020 EUR 59.040
Goldman Sachs & Co Wert 6.000 3/25/2020 EUR 56.770
Goldman Sachs & Co Wert 8.000 3/25/2020 EUR 55.670
Goldman Sachs & Co Wert 9.000 3/25/2020 EUR 54.000
Goldman Sachs & Co Wert 15.000 3/25/2020 EUR 52.850
Goldman Sachs & Co Wert 2.000 6/24/2020 EUR 71.570
Goldman Sachs & Co Wert 3.000 6/24/2020 EUR 68.370
Goldman Sachs & Co Wert 4.000 6/24/2020 EUR 65.490
Goldman Sachs & Co Wert 5.000 6/24/2020 EUR 59.640
Goldman Sachs & Co Wert 6.000 6/24/2020 EUR 57.740
Goldman Sachs & Co Wert 7.000 6/24/2020 EUR 56.130
Goldman Sachs & Co Wert 8.000 6/24/2020 EUR 54.770
Goldman Sachs & Co Wert 10.000 6/24/2020 EUR 54.730
Goldman Sachs & Co Wert 22.000 6/26/2019 EUR 44.750
Goldman Sachs & Co Wert 2.000 7/24/2019 EUR 74.720
Goldman Sachs & Co Wert 3.000 7/24/2019 EUR 69.710
Goldman Sachs & Co Wert 5.000 7/24/2019 EUR 61.550
Goldman Sachs & Co Wert 6.000 7/24/2019 EUR 58.210
Goldman Sachs & Co Wert 8.000 7/24/2019 EUR 55.460
Goldman Sachs & Co Wert 15.000 7/24/2019 EUR 49.500
Goldman Sachs & Co Wert 18.000 7/24/2019 EUR 49.850
Goldman Sachs & Co Wert 21.000 7/24/2019 EUR 46.300
Goldman Sachs & Co Wert 2.000 8/21/2019 EUR 72.420
Goldman Sachs & Co Wert 3.000 8/21/2019 EUR 67.620
Goldman Sachs & Co Wert 5.000 8/21/2019 EUR 59.820
Goldman Sachs & Co Wert 6.000 8/21/2019 EUR 56.640
Goldman Sachs & Co Wert 8.000 8/21/2019 EUR 54.090
Goldman Sachs & Co Wert 10.000 8/21/2019 EUR 51.860
Goldman Sachs & Co Wert 14.000 8/21/2019 EUR 50.410
Goldman Sachs & Co Wert 19.000 8/21/2019 EUR 47.420
Goldman Sachs & Co Wert 2.000 9/25/2019 EUR 72.440
Goldman Sachs & Co Wert 24.000 5/22/2019 EUR 44.250
Goldman Sachs & Co Wert 2.000 6/26/2019 EUR 73.800
Goldman Sachs & Co Wert 3.000 6/26/2019 EUR 68.700
Goldman Sachs & Co Wert 5.000 6/26/2019 EUR 60.430
Goldman Sachs & Co Wert 6.000 6/26/2019 EUR 57.050
Goldman Sachs & Co Wert 9.000 6/26/2019 EUR 54.310
Goldman Sachs & Co Wert 14.000 6/26/2019 EUR 49.640
Goldman Sachs & Co Wert 19.000 6/26/2019 EUR 48.010
Goldman Sachs & Co Wert 7.000 8/21/2019 EUR 69.460
Goldman Sachs & Co Wert 9.000 8/21/2019 EUR 66.590
Goldman Sachs & Co Wert 14.000 8/21/2019 EUR 62.020
Goldman Sachs & Co Wert 19.000 8/21/2019 EUR 58.410
Goldman Sachs & Co Wert 6.000 9/25/2019 EUR 73.510
Goldman Sachs & Co Wert 7.000 9/25/2019 EUR 70.140
Goldman Sachs & Co Wert 9.000 9/25/2019 EUR 67.480
Goldman Sachs & Co Wert 15.000 9/25/2019 EUR 61.200
Goldman Sachs & Co Wert 17.000 9/25/2019 EUR 59.570
Goldman Sachs & Co Wert 5.000 12/27/2019 EUR 74.210
Goldman Sachs & Co Wert 7.000 12/27/2019 EUR 71.830
Goldman Sachs & Co Wert 8.000 12/27/2019 EUR 69.140
Leonteq Securities AG 14.800 10/30/2019 USD 58.080
Leonteq Securities AG/G 11.000 1/30/2020 USD 58.570
Vontobel Financial Prod 9.650 7/26/2019 USD 63.740
UBS AG/London 5.250 7/26/2019 CHF 58.650
UBS AG/London 10.000 7/26/2019 CHF 64.500
Commerzbank AG 7.750 6/28/2019 EUR 58.110
Commerzbank AG 9.750 6/28/2019 EUR 55.560
Vontobel Financial Prod 13.000 3/13/2020 EUR 71.340
HSBC Trinkaus & Burkhar 10.100 6/26/2020 EUR 75.650
UBS AG/London 6.000 8/30/2019 CHF 21.780
UniCredit Bank AG 5.000 9/26/2021 EUR 47.340
EFG International Finan 7.400 9/13/2019 USD 45.580
Landesbank Baden-Wuertt 4.250 2/28/2020 EUR 62.100
Leonteq Securities AG/G 5.200 9/11/2019 CHF 55.920
Raiffeisen Centrobank A 6.037 6/25/2019 EUR 13.340
Landesbank Hessen-Thuer 3.000 7/6/2021 EUR 52.000
HSBC Trinkaus & Burkhar 15.000 12/27/2019 EUR 52.600
HSBC Trinkaus & Burkhar 10.200 11/22/2019 EUR 54.310
DZ Bank AG Deutsche Zen 10.750 12/27/2019 EUR 64.710
HSBC Trinkaus & Burkhar 2.000 3/27/2020 EUR 62.490
DZ Bank AG Deutsche Zen 8.000 6/26/2019 EUR 72.020
DZ Bank AG Deutsche Zen 10.000 6/26/2019 EUR 63.980
UBS AG/London 9.000 11/10/2022 USD 5.220
Leonteq Securities AG/G 15.000 9/4/2019 USD 71.110
Bank Julius Baer & Co L 8.700 8/26/2019 CHF 67.150
BNP Paribas Emissions- 4.000 6/27/2019 EUR 62.140
BNP Paribas Emissions- 3.500 9/26/2019 EUR 62.900
BNP Paribas Emissions- 5.000 9/26/2019 EUR 69.770
BNP Paribas Emissions- 6.000 9/26/2019 EUR 66.950
BNP Paribas Emissions- 4.000 6/27/2019 EUR 57.990
BNP Paribas Emissions- 3.000 6/27/2019 EUR 61.180
BNP Paribas Emissions- 4.500 6/27/2019 EUR 56.660
BNP Paribas Emissions- 5.500 6/27/2019 EUR 54.680
BNP Paribas Emissions- 7.000 6/27/2019 EUR 52.900
BNP Paribas Emissions- 3.000 9/26/2019 EUR 61.000
BNP Paribas Emissions- 4.500 9/26/2019 EUR 57.940
BNP Paribas Emissions- 6.500 9/26/2019 EUR 54.660
EFG International Finan 7.200 11/30/2020 EUR 62.770
Corner Banca SA 9.600 11/27/2019 CHF 71.240
BNP Paribas Emissions- 3.000 9/26/2019 EUR 66.040
BNP Paribas Emissions- 8.500 6/27/2019 EUR 71.890
BNP Paribas Emissions- 9.500 6/27/2019 EUR 69.760
BNP Paribas Emissions- 10.000 6/27/2019 EUR 68.750
Commerzbank AG 12.500 9/27/2019 EUR 73.640
BNP Paribas Emissions- 18.000 6/27/2019 EUR 73.030
EFG International Finan 5.550 7/12/2021 USD 53.430
BNP Paribas Emissions- 13.000 6/27/2019 EUR 71.830
BNP Paribas Emissions- 16.000 6/27/2019 EUR 68.600
BNP Paribas Emissions- 16.000 9/26/2019 EUR 72.400
BNP Paribas Emissions- 17.000 9/26/2019 EUR 69.630
BNP Paribas Emissions- 12.000 12/30/2019 EUR 73.790
DZ Bank AG Deutsche Zen 4.500 6/26/2019 EUR 59.750
BNP Paribas Emissions- 8.500 6/27/2019 EUR 66.680
BNP Paribas Emissions- 11.000 6/27/2019 EUR 66.920
BNP Paribas Emissions- 15.000 6/27/2019 EUR 61.080
BNP Paribas Emissions- 18.000 6/27/2019 EUR 58.670
BNP Paribas Emissions- 6.000 9/26/2019 EUR 70.220
UBS AG/London 13.000 11/25/2019 CHF 53.650
BNP Paribas Emissions- 8.500 12/30/2019 EUR 73.750
BNP Paribas Emissions- 8.000 12/30/2019 EUR 72.450
BNP Paribas Emissions- 11.000 6/27/2019 EUR 67.820
BNP Paribas Emissions- 15.000 6/27/2019 EUR 66.250
UBS AG/London 6.500 11/25/2019 CHF 70.800
BNP Paribas Emissions- 17.000 6/27/2019 EUR 62.850
UBS AG/London 6.750 11/25/2019 EUR 65.950
UBS AG/London 5.000 5/24/2019 CHF 70.700
UBS AG/London 9.500 5/23/2019 EUR 39.100
BNP Paribas Emissions- 9.500 9/26/2019 EUR 71.930
BNP Paribas Emissions- 10.000 9/26/2019 EUR 71.070
BNP Paribas Emissions- 14.000 9/26/2019 EUR 67.710
BNP Paribas Emissions- 15.000 9/26/2019 EUR 66.330
Bayerische Landesbank 2.400 12/20/2019 EUR 66.710
UBS AG/London 13.000 5/23/2019 USD 63.720
Commerzbank AG 13.000 9/27/2019 EUR 70.670
Credit Suisse AG/Nassau 7.500 8/26/2019 CHF 70.020
Leonteq Securities AG 9.400 9/4/2019 CHF 59.780
Zurcher Kantonalbank Fi 8.774 5/31/2019 CHF 32.920
BNP Paribas Emissions- 10.000 12/30/2019 EUR 73.670
BNP Paribas Emissions- 9.500 12/30/2019 EUR 72.400
BNP Paribas Emissions- 11.000 12/30/2019 EUR 71.440
BNP Paribas Emissions- 13.000 12/30/2019 EUR 69.180
BNP Paribas Emissions- 12.000 9/26/2019 EUR 66.050
BNP Paribas Emissions- 16.000 9/26/2019 EUR 62.070
BNP Paribas Emissions- 14.000 12/30/2019 EUR 64.580
Zurcher Kantonalbank Fi 8.900 12/6/2019 CHF 49.840
Vontobel Financial Prod 7.550 6/28/2019 EUR 69.770
UniCredit Bank AG 7.700 11/22/2019 EUR 62.850
UniCredit Bank AG 9.000 11/22/2019 EUR 61.010
Landesbank Baden-Wuertt 3.500 10/25/2019 EUR 71.620
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 68.690
Landesbank Baden-Wuertt 2.500 10/25/2019 EUR 72.620
Landesbank Baden-Wuertt 4.000 10/25/2019 EUR 69.720
Landesbank Baden-Wuertt 2.000 10/25/2019 EUR 61.940
Landesbank Baden-Wuertt 3.500 10/25/2019 EUR 58.110
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 54.810
Credit Suisse AG/London 9.250 10/15/2019 USD 74.310
Commerzbank AG 13.500 6/28/2019 EUR 70.320
Commerzbank AG 12.750 7/26/2019 EUR 71.230
Commerzbank AG 11.250 9/27/2019 EUR 73.040
Commerzbank AG 9.750 8/23/2019 EUR 72.380
DekaBank Deutsche Giroz 3.000 10/4/2019 EUR 64.340
Commerzbank AG 7.500 8/23/2019 EUR 55.590
Commerzbank AG 11.500 8/23/2019 EUR 50.530
Commerzbank AG 13.500 8/23/2019 EUR 48.870
Commerzbank AG 16.250 6/28/2019 EUR 72.210
Commerzbank AG 17.250 7/26/2019 EUR 71.460
Bayerische Landesbank 5.500 10/11/2019 EUR 71.870
Commerzbank AG 15.250 5/24/2019 EUR 74.290
Commerzbank AG 15.500 6/28/2019 EUR 73.650
BNP Paribas Emissions- 10.000 9/26/2019 EUR 70.620
BNP Paribas Emissions- 14.000 6/27/2019 EUR 74.210
BNP Paribas Emissions- 13.000 6/27/2019 EUR 60.160
BNP Paribas Emissions- 17.000 6/27/2019 EUR 73.790
BNP Paribas Emissions- 9.000 6/27/2019 EUR 63.820
BNP Paribas Emissions- 6.500 9/26/2019 EUR 67.040
BNP Paribas Emissions- 8.500 9/26/2019 EUR 64.180
BNP Paribas Emissions- 9.000 12/30/2019 EUR 64.350
BNP Paribas Emissions- 12.000 12/30/2019 EUR 62.550
BNP Paribas Emissions- 9.500 12/30/2019 EUR 73.370
Vontobel Financial Prod 8.500 9/27/2019 EUR 52.130
Vontobel Financial Prod 6.500 12/31/2019 EUR 53.020
Vontobel Financial Prod 9.550 12/31/2019 EUR 54.870
BNP Paribas Emissions- 7.000 12/30/2019 EUR 66.870
BNP Paribas Emissions- 12.000 12/30/2019 EUR 62.760
BNP Paribas Emissions- 13.000 9/26/2019 EUR 69.240
BNP Paribas Emissions- 12.000 6/27/2019 EUR 62.250
BNP Paribas Emissions- 4.000 9/26/2019 EUR 73.660
BNP Paribas Emissions- 14.000 9/26/2019 EUR 61.780
BNP Paribas Emissions- 9.000 12/30/2019 EUR 75.330
BNP Paribas Emissions- 11.000 6/27/2019 EUR 63.280
BNP Paribas Emissions- 9.500 9/26/2019 EUR 65.260
BNP Paribas Emissions- 12.000 9/26/2019 EUR 62.050
BNP Paribas Emissions- 7.000 12/30/2019 EUR 68.660
BNP Paribas Emissions- 8.500 12/30/2019 EUR 66.640
BNP Paribas Emissions- 7.500 6/27/2019 EUR 47.030
BNP Paribas Emissions- 11.000 9/26/2019 EUR 71.130
BNP Paribas Emissions- 11.000 12/30/2019 EUR 72.280
BNP Paribas Emissions- 15.000 9/26/2019 EUR 59.480
BNP Paribas Emissions- 16.000 9/26/2019 EUR 74.830
BNP Paribas Emissions- 8.000 9/26/2019 EUR 74.320
BNP Paribas Emissions- 9.500 9/26/2019 EUR 71.580
BNP Paribas Emissions- 13.000 9/26/2019 EUR 67.090
BNP Paribas Emissions- 7.000 12/30/2019 EUR 73.600
BNP Paribas Emissions- 8.500 9/26/2019 EUR 74.640
BNP Paribas Emissions- 14.000 6/27/2019 EUR 72.510
BNP Paribas Emissions- 13.000 9/26/2019 EUR 71.260
BNP Paribas Emissions- 8.500 6/27/2019 EUR 47.130
BNP Paribas Emissions- 6.000 9/26/2019 EUR 50.970
BNP Paribas Emissions- 12.000 12/30/2019 EUR 63.900
BNP Paribas Emissions- 11.000 9/26/2019 EUR 74.080
BNP Paribas Emissions- 8.000 6/27/2019 EUR 70.220
BNP Paribas Emissions- 9.500 9/26/2019 EUR 68.290
BNP Paribas Emissions- 13.000 9/26/2019 EUR 63.710
BNP Paribas Emissions- 7.000 12/30/2019 EUR 71.470
BNP Paribas Emissions- 10.000 12/30/2019 EUR 47.840
Societe Generale Effekt 23.148 6/21/2019 EUR 72.370
Societe Generale Effekt 4.668 6/21/2019 EUR 71.260
Societe Generale Effekt 7.962 9/20/2019 EUR 68.950
Societe Generale Effekt 17.209 9/20/2019 EUR 61.100
Societe Generale Effekt 4.668 6/21/2019 EUR 72.540
Societe Generale Effekt 5.447 6/21/2019 EUR 70.860
Societe Generale Effekt 5.908 9/20/2019 EUR 73.880
Societe Generale Effekt 6.678 9/20/2019 EUR 72.370
Vontobel Financial Prod 14.500 1/3/2020 EUR 69.010
Vontobel Financial Prod 15.000 9/27/2019 EUR 68.630
Societe Generale Effekt 17.723 9/20/2019 EUR 67.040
Vontobel Financial Prod 17.000 1/3/2020 EUR 70.020
Vontobel Financial Prod 16.000 1/3/2020 EUR 71.010
Vontobel Financial Prod 14.500 1/3/2020 EUR 71.770
Vontobel Financial Prod 13.500 1/3/2020 EUR 73.020
Vontobel Financial Prod 12.500 1/3/2020 EUR 73.870
Vontobel Financial Prod 15.000 9/27/2019 EUR 71.630
Vontobel Financial Prod 16.500 9/27/2019 EUR 70.670
Commerzbank AG 16.000 6/28/2019 EUR 49.370
Societe Generale Effekt 4.085 6/21/2019 EUR 52.410
Commerzbank AG 5.000 7/26/2019 EUR 65.120
Societe Generale Effekt 5.641 6/21/2019 EUR 49.320
Commerzbank AG 9.000 7/26/2019 EUR 56.930
Societe Generale Effekt 7.197 6/21/2019 EUR 46.620
Commerzbank AG 13.000 7/26/2019 EUR 52.200
Societe Generale Effekt 9.142 6/21/2019 EUR 44.300
Societe Generale Effekt 13.811 6/21/2019 EUR 40.510
Societe Generale Effekt 5.394 9/20/2019 EUR 53.560
Societe Generale Effekt 6.164 9/20/2019 EUR 51.850
Societe Generale Effekt 6.935 9/20/2019 EUR 50.840
Societe Generale Effekt 7.962 9/20/2019 EUR 49.710
Societe Generale Effekt 8.733 9/20/2019 EUR 48.580
Societe Generale Effekt 10.788 9/20/2019 EUR 46.720
Societe Generale Effekt 9.256 12/20/2019 EUR 51.240
Commerzbank AG 10.000 6/28/2019 EUR 55.190
Commerzbank AG 14.000 6/28/2019 EUR 50.950
DZ Bank AG Deutsche Zen 4.750 9/23/2019 EUR 71.030
DZ Bank AG Deutsche Zen 6.500 12/23/2019 EUR 66.070
Commerzbank AG 16.500 8/23/2019 EUR 74.430
DZ Bank AG Deutsche Zen 5.000 12/23/2019 EUR 69.760
Commerzbank AG 6.000 6/28/2019 EUR 61.980
Commerzbank AG 10.000 9/27/2019 EUR 71.310
Commerzbank AG 12.000 9/27/2019 EUR 68.760
Commerzbank AG 12.250 5/24/2019 EUR 73.830
Commerzbank AG 13.000 6/28/2019 EUR 68.210
Commerzbank AG 9.750 9/27/2019 EUR 70.530
Commerzbank AG 13.750 9/27/2019 EUR 65.200
Vontobel Financial Prod 16.000 6/28/2019 EUR 65.900
Commerzbank AG 15.250 6/28/2019 EUR 58.700
Bank Julius Baer & Co L 9.150 9/18/2019 CHF 55.800
Commerzbank AG 11.750 7/26/2019 EUR 69.290
Commerzbank AG 13.750 7/26/2019 EUR 67.090
Commerzbank AG 11.000 8/23/2019 EUR 69.970
Commerzbank AG 13.000 8/23/2019 EUR 67.620
Leonteq Securities AG 10.000 3/17/2020 CHF 68.040
DZ Bank AG Deutsche Zen 10.250 12/27/2019 EUR 68.970
DZ Bank AG Deutsche Zen 5.250 12/27/2019 EUR 74.480
DZ Bank AG Deutsche Zen 8.500 9/25/2019 EUR 66.050
DZ Bank AG Deutsche Zen 5.250 9/25/2019 EUR 67.250
Vontobel Financial Prod 6.000 9/27/2019 EUR 70.160
Commerzbank AG 10.000 6/28/2019 EUR 63.530
Bank Julius Baer & Co L 8.150 10/18/2019 USD 62.700
Vontobel Financial Prod 16.000 1/3/2020 EUR 63.910
Vontobel Financial Prod 14.000 9/27/2019 EUR 64.170
Luzerner Kantonalbank A 10.000 4/8/2020 CHF 59.150
Vontobel Financial Prod 15.000 9/27/2019 EUR 60.800
HSBC Trinkaus & Burkhar 4.000 9/27/2019 EUR 69.740
HSBC Trinkaus & Burkhar 4.170 3/27/2020 EUR 60.090
Landesbank Baden-Wuertt 2.500 8/28/2020 EUR 70.260
Deutsche Bank AG 4.200 9/24/2019 EUR 43.700
Deutsche Bank AG 4.200 12/24/2019 EUR 48.600
Deutsche Bank AG 4.200 6/25/2019 EUR 72.900
Deutsche Bank AG 4.200 12/24/2019 EUR 73.700
Deutsche Bank AG 4.200 6/25/2019 EUR 69.200
Deutsche Bank AG 4.200 9/24/2019 EUR 64.800
Vontobel Financial Prod 7.500 9/27/2019 EUR 70.880
Vontobel Financial Prod 10.500 6/28/2019 EUR 66.890
Vontobel Financial Prod 8.000 6/28/2019 EUR 70.150
DZ Bank AG Deutsche Zen 7.100 6/24/2019 EUR 73.790
DZ Bank AG Deutsche Zen 7.700 9/23/2019 EUR 73.910
HSBC Trinkaus & Burkhar 7.600 12/27/2019 EUR 65.710
HSBC Trinkaus & Burkhar 7.300 3/27/2020 EUR 66.810
Raiffeisen Centrobank A 5.621 6/25/2019 EUR 70.980
Deutsche Bank AG 4.200 12/24/2019 EUR 60.400
Deutsche Bank AG 4.200 6/25/2019 EUR 73.300
Deutsche Bank AG 4.200 6/25/2019 EUR 63.100
Deutsche Bank AG 4.200 9/24/2019 EUR 68.500
Deutsche Bank AG 4.200 6/25/2019 EUR 72.400
Deutsche Bank AG 4.200 6/25/2019 EUR 46.800
Deutsche Bank AG 4.200 6/25/2019 EUR 42.800
Deutsche Bank AG 4.200 9/24/2019 EUR 58.800
Deutsche Bank AG 4.200 6/25/2019 EUR 55.500
Deutsche Bank AG 4.200 9/24/2019 EUR 59.500
Vontobel Financial Prod 8.180 8/28/2019 EUR 55.140
Vontobel Financial Prod 8.000 9/27/2019 EUR 69.370
UBS AG/London 7.000 8/29/2019 CHF 74.050
UBS AG/London 10.000 8/31/2020 CHF 72.100
DZ Bank AG Deutsche Zen 4.000 9/25/2019 EUR 54.820
DZ Bank AG Deutsche Zen 8.000 6/26/2019 EUR 72.610
Norddeutsche Landesbank 4.000 9/26/2019 EUR 73.240
Vontobel Financial Prod 7.250 9/13/2019 EUR 51.340
Vontobel Financial Prod 2.750 6/14/2019 EUR 63.450
Vontobel Financial Prod 7.800 6/14/2019 EUR 63.770
UBS AG/London 11.000 9/26/2019 CHF 66.600
Vontobel Financial Prod 16.000 6/28/2019 EUR 59.800
Vontobel Financial Prod 16.500 9/27/2019 EUR 60.970
Deutsche Bank AG 6.200 12/24/2019 EUR 45.900
Deutsche Bank AG 6.200 6/25/2019 EUR 63.300
Deutsche Bank AG 6.200 9/24/2019 EUR 69.200
Deutsche Bank AG 6.200 9/24/2019 EUR 60.900
Deutsche Bank AG 6.200 12/24/2019 EUR 70.400
Deutsche Bank AG 6.200 12/24/2019 EUR 66.100
Vontobel Financial Prod 14.000 6/28/2019 EUR 74.660
Vontobel Financial Prod 14.500 9/27/2019 EUR 74.520
Deutsche Bank AG 6.200 6/25/2019 EUR 72.700
Deutsche Bank AG 6.200 9/24/2019 EUR 74.100
Deutsche Bank AG 6.200 6/25/2019 EUR 74.400
Deutsche Bank AG 6.200 9/24/2019 EUR 75.000
Deutsche Bank AG 6.200 12/24/2019 EUR 75.000
Vontobel Financial Prod 15.000 1/3/2020 EUR 72.880
Vontobel Financial Prod 15.000 9/27/2019 EUR 70.260
EFG International Finan 2.000 7/31/2019 EUR 39.990
Leonteq Securities AG/G 2.200 7/1/2019 EUR 39.960
Commerzbank AG 9.000 10/25/2019 EUR 72.910
Commerzbank AG 15.000 10/25/2019 EUR 64.640
Leonteq Securities AG/G 2.080 8/1/2019 EUR 39.940
Commerzbank AG 23.750 6/28/2019 EUR 60.540
Commerzbank AG 21.750 7/26/2019 EUR 62.020
UBS AG/London 7.000 11/18/2019 CHF 60.100
Raiffeisen Schweiz Geno 6.000 5/25/2020 EUR 59.470
EFG International Finan 8.000 11/23/2020 EUR 52.720
EFG International Finan 7.800 11/24/2020 USD 64.620
UBS AG/London 9.000 11/18/2019 CHF 72.600
Raiffeisen Schweiz Geno 8.600 5/28/2020 CHF 65.750
UBS AG/London 6.000 5/18/2020 CHF 63.800
UBS AG/London 10.000 5/18/2020 CHF 55.100
UBS AG/London 7.000 11/8/2019 EUR 66.400
BNP Paribas Emissions- 5.000 12/30/2019 EUR 58.820
BNP Paribas Emissions- 7.000 6/27/2019 EUR 57.800
BNP Paribas Emissions- 5.000 12/30/2019 EUR 72.890
BNP Paribas Emissions- 7.000 12/30/2019 EUR 74.200
BNP Paribas Emissions- 8.000 6/27/2019 EUR 71.810
BNP Paribas Emissions- 4.000 6/27/2019 EUR 68.220
BNP Paribas Emissions- 5.000 12/30/2019 EUR 70.000
BNP Paribas Emissions- 7.000 12/30/2019 EUR 71.650
Landesbank Baden-Wuertt 3.800 8/23/2019 EUR 53.450
Landesbank Baden-Wuertt 2.750 12/29/2020 EUR 71.250
Leonteq Securities AG 5.600 5/16/2022 CHF 73.600
Raiffeisen Schweiz Geno 7.000 11/20/2019 CHF 73.470
EFG International Finan 12.700 11/18/2019 EUR 70.080
Leonteq Securities AG/G 5.400 11/20/2019 EUR 54.420
Credit Suisse AG/Nassau 9.000 11/11/2019 EUR 60.180
Deutsche Bank AG 5.200 6/25/2019 EUR 71.000
Deutsche Bank AG 5.200 6/25/2019 EUR 67.300
Deutsche Bank AG 5.200 6/25/2019 EUR 64.000
Deutsche Bank AG 5.200 6/25/2019 EUR 58.400
Deutsche Bank AG 5.200 6/25/2019 EUR 55.700
Deutsche Bank AG 5.200 6/25/2019 EUR 48.800
Deutsche Bank AG 5.200 6/25/2019 EUR 73.900
Deutsche Bank AG 5.200 6/25/2019 EUR 71.700
Deutsche Bank AG 5.200 6/25/2019 EUR 68.500
Deutsche Bank AG 5.200 6/25/2019 EUR 65.500
Deutsche Bank AG 5.200 6/25/2019 EUR 62.800
Deutsche Bank AG 5.200 6/25/2019 EUR 60.300
Deutsche Bank AG 5.200 6/25/2019 EUR 64.900
Deutsche Bank AG 5.200 6/25/2019 EUR 61.800
Deutsche Bank AG 5.200 6/25/2019 EUR 59.000
Deutsche Bank AG 5.200 6/25/2019 EUR 56.500
Deutsche Bank AG 5.200 6/25/2019 EUR 72.700
Deutsche Bank AG 5.200 6/25/2019 EUR 70.600
Deutsche Bank AG 5.200 6/25/2019 EUR 67.900
Deutsche Bank AG 5.200 6/25/2019 EUR 54.200
Deutsche Bank AG 5.200 6/25/2019 EUR 52.100
Deutsche Bank AG 5.200 6/25/2019 EUR 48.400
Deutsche Bank AG 5.200 6/25/2019 EUR 70.400
Commerzbank AG 13.000 3/13/2023 USD 1.400
Deutsche Bank AG 5.200 6/25/2019 EUR 74.400
Deutsche Bank AG 5.200 6/25/2019 EUR 69.100
Deutsche Bank AG 5.200 6/25/2019 EUR 73.400
Deutsche Bank AG 5.200 6/25/2019 EUR 63.300
Credit Suisse AG/Nassau 6.000 5/21/2019 CHF 62.210
Deutsche Bank AG 5.200 6/25/2019 EUR 55.700
Deutsche Bank AG 5.200 6/25/2019 EUR 53.600
Deutsche Bank AG 5.200 6/25/2019 EUR 51.700
Deutsche Bank AG 5.200 6/25/2019 EUR 50.000
Deutsche Bank AG 5.200 6/25/2019 EUR 54.900
Deutsche Bank AG 5.200 6/25/2019 EUR 57.300
Deutsche Bank AG 4.200 6/25/2019 EUR 70.900
Deutsche Bank AG 4.200 6/25/2019 EUR 55.600
Deutsche Bank AG 4.200 6/25/2019 EUR 71.600
Deutsche Bank AG 4.200 6/25/2019 EUR 65.400
Deutsche Bank AG 4.200 6/25/2019 EUR 61.700
Deutsche Bank AG 4.200 6/25/2019 EUR 72.500
Deutsche Bank AG 4.200 6/25/2019 EUR 54.100
Deutsche Bank AG 4.200 6/25/2019 EUR 52.000
Deutsche Bank AG 4.200 6/25/2019 EUR 74.300
Vontobel Financial Prod 5.500 6/28/2019 EUR 73.730
Deutsche Bank AG 4.200 6/25/2019 EUR 62.900
Deutsche Bank AG 4.200 6/25/2019 EUR 59.900
Deutsche Bank AG 4.200 6/25/2019 EUR 57.200
Deutsche Bank AG 4.200 6/25/2019 EUR 57.800
Deutsche Bank AG 4.200 6/25/2019 EUR 53.500
Landesbank Baden-Wuertt 2.100 8/27/2021 EUR 61.310
DZ Bank AG Deutsche Zen 15.500 6/26/2019 EUR 74.440
DZ Bank AG Deutsche Zen 3.900 6/26/2019 EUR 65.890
DZ Bank AG Deutsche Zen 8.200 6/26/2019 EUR 57.730
DZ Bank AG Deutsche Zen 2.400 6/26/2019 EUR 72.800
DZ Bank AG Deutsche Zen 4.800 6/26/2019 EUR 56.090
DZ Bank AG Deutsche Zen 9.000 6/26/2019 EUR 71.390
Vontobel Financial Prod 5.500 6/28/2019 EUR 72.120
Vontobel Financial Prod 9.750 6/28/2019 EUR 65.920
BNP Paribas Emissions- 9.000 6/27/2019 EUR 47.260
BNP Paribas Emissions- 10.000 6/27/2019 EUR 69.830
BNP Paribas Emissions- 5.500 6/27/2019 EUR 60.260
BNP Paribas Emissions- 9.000 6/27/2019 EUR 53.170
BNP Paribas Emissions- 10.000 6/27/2019 EUR 51.180
BNP Paribas Emissions- 8.500 6/27/2019 EUR 65.970
BNP Paribas Emissions- 10.000 6/27/2019 EUR 70.550
BNP Paribas Emissions- 8.500 6/27/2019 EUR 68.270
BNP Paribas Emissions- 10.000 6/27/2019 EUR 61.540
BNP Paribas Emissions- 6.500 6/27/2019 EUR 54.310
BNP Paribas Emissions- 7.000 6/27/2019 EUR 52.300
BNP Paribas Emissions- 5.000 6/27/2019 EUR 55.700
BNP Paribas Emissions- 6.000 6/27/2019 EUR 53.290
BNP Paribas Emissions- 7.500 6/27/2019 EUR 49.870
BNP Paribas Emissions- 4.500 6/27/2019 EUR 72.900
BNP Paribas Emissions- 5.500 6/27/2019 EUR 70.620
Bank Julius Baer & Co L 5.350 5/29/2019 CHF 66.150
Landesbank Baden-Wuertt 2.800 8/23/2019 EUR 63.730
DZ Bank AG Deutsche Zen 6.500 6/26/2019 EUR 72.670
DZ Bank AG Deutsche Zen 10.500 6/26/2019 EUR 58.600
DZ Bank AG Deutsche Zen 8.750 6/26/2019 EUR 52.730
Landesbank Baden-Wuertt 2.450 8/28/2020 EUR 66.720
Credit Suisse AG/Nassau 8.000 9/2/2019 EUR 58.400
UniCredit Bank AG 4.000 6/28/2019 EUR 53.560
Landesbank Baden-Wuertt 2.200 6/25/2021 EUR 69.440
Bank Julius Baer & Co L 9.000 9/2/2019 EUR 68.200
Credit Suisse AG/Nassau 8.500 9/2/2019 EUR 58.330
Credit Suisse AG/Nassau 8.250 9/2/2019 CHF 57.840
Bank Julius Baer & Co L 6.100 5/23/2019 CHF 60.450
DZ Bank AG Deutsche Zen 8.500 6/26/2019 EUR 60.350
UBS AG/London 9.000 11/15/2019 EUR 49.150
DZ Bank AG Deutsche Zen 11.000 6/26/2019 EUR 64.800
Zurcher Kantonalbank Fi 6.600 11/22/2019 CHF 61.450
BNP Paribas Emissions- 3.000 6/27/2019 EUR 64.680
BNP Paribas Emissions- 3.000 9/26/2019 EUR 64.210
BNP Paribas Emissions- 7.500 9/26/2019 EUR 52.330
BNP Paribas Emissions- 6.000 9/26/2019 EUR 62.380
BNP Paribas Emissions- 3.500 9/26/2019 EUR 72.710
BNP Paribas Emissions- 3.500 6/27/2019 EUR 58.800
BNP Paribas Emissions- 8.000 6/27/2019 EUR 51.200
BNP Paribas Emissions- 3.500 9/26/2019 EUR 59.810
BNP Paribas Emissions- 5.500 9/26/2019 EUR 55.290
BNP Paribas Emissions- 4.000 9/26/2019 EUR 59.310
BNP Paribas Emissions- 3.000 6/27/2019 EUR 66.250
Commerzbank AG 6.750 8/23/2019 EUR 72.580
Commerzbank AG 7.750 8/23/2019 EUR 71.210
Commerzbank AG 8.750 8/23/2019 EUR 69.990
Commerzbank AG 11.250 8/23/2019 EUR 64.560
Vontobel Financial Prod 19.000 9/27/2019 EUR 67.030
Vontobel Financial Prod 14.000 12/31/2019 EUR 62.490
Commerzbank AG 7.750 8/23/2019 EUR 50.780
Vontobel Financial Prod 12.500 9/27/2019 EUR 66.260
Landesbank Hessen-Thuer 3.500 9/28/2022 EUR 71.320
DZ Bank AG Deutsche Zen 6.250 9/23/2019 EUR 72.570
DZ Bank AG Deutsche Zen 8.250 12/23/2019 EUR 66.750
Leonteq Securities AG 10.000 11/27/2019 CHF 69.160
Deutsche Bank AG 6.200 9/24/2019 EUR 70.000
DZ Bank AG Deutsche Zen 5.250 12/23/2019 EUR 73.850
Landesbank Baden-Wuertt 4.870 8/23/2019 EUR 73.940
Vontobel Financial Prod 16.500 9/27/2019 EUR 67.060
DZ Bank AG Deutsche Zen 6.000 9/25/2019 EUR 64.990
DZ Bank AG Deutsche Zen 5.000 12/27/2019 EUR 46.140
Commerzbank AG 9.750 6/28/2019 EUR 73.830
DZ Bank AG Deutsche Zen 8.750 6/26/2019 EUR 69.780
DZ Bank AG Deutsche Zen 10.000 9/25/2019 EUR 74.590
DZ Bank AG Deutsche Zen 6.000 9/25/2019 EUR 59.210
HSBC Trinkaus & Burkhar 7.000 7/5/2019 EUR 46.870
Landesbank Baden-Wuertt 5.000 8/28/2020 EUR 49.650
Landesbank Baden-Wuertt 4.500 8/28/2020 EUR 65.190
Deutsche Bank AG 4.200 6/25/2019 EUR 63.800
Deutsche Bank AG 4.200 9/24/2019 EUR 70.200
Deutsche Bank AG 4.200 12/24/2019 EUR 65.800
Deutsche Bank AG 4.200 6/25/2019 EUR 74.100
Credit Suisse AG/London 4.590 2/28/2020 EUR 67.210
DZ Bank AG Deutsche Zen 7.900 6/24/2019 EUR 72.230
Landesbank Hessen-Thuer 4.650 9/28/2023 EUR 64.240
HSBC Trinkaus & Burkhar 8.200 9/27/2019 EUR 64.100
HSBC Trinkaus & Burkhar 11.600 12/27/2019 EUR 61.630
HSBC Trinkaus & Burkhar 10.600 3/27/2020 EUR 63.310
Raiffeisen Centrobank A 4.664 6/25/2019 EUR 71.750
Commerzbank AG 10.000 8/22/2019 EUR 71.890
Commerzbank AG 7.500 8/23/2019 EUR 73.590
Commerzbank AG 8.500 8/23/2019 EUR 71.900
Deutsche Bank AG 4.200 9/24/2019 EUR 56.500
Deutsche Bank AG 4.200 9/24/2019 EUR 73.700
Deutsche Bank AG 4.200 12/24/2019 EUR 74.300
Deutsche Bank AG 4.200 6/25/2019 EUR 67.600
Deutsche Bank AG 4.200 12/24/2019 EUR 69.200
Deutsche Bank AG 4.200 6/25/2019 EUR 63.100
Deutsche Bank AG 4.200 9/24/2019 EUR 50.800
Deutsche Bank AG 4.200 12/24/2019 EUR 74.200
Deutsche Bank AG 4.200 6/25/2019 EUR 58.100
Credit Suisse AG/London 10.000 9/5/2019 USD 65.890
Vontobel Financial Prod 16.000 9/27/2019 EUR 62.210
Vontobel Financial Prod 13.000 6/28/2019 EUR 63.960
Vontobel Financial Prod 13.500 9/27/2019 EUR 63.880
Vontobel Financial Prod 11.500 9/27/2019 EUR 65.940
Vontobel Financial Prod 10.000 6/28/2019 EUR 66.870
Vontobel Financial Prod 16.000 6/28/2019 EUR 61.330
UBS AG/London 10.000 8/29/2019 CHF 63.550
UBS AG/London 6.000 8/29/2019 CHF 68.550
DZ Bank AG Deutsche Zen 4.900 6/26/2019 EUR 70.390
DZ Bank AG Deutsche Zen 4.800 9/25/2019 EUR 71.370
Leonteq Securities AG/G 9.000 12/10/2019 CHF 71.630
Vontobel Financial Prod 3.900 9/13/2019 EUR 61.220
DZ Bank AG Deutsche Zen 7.000 9/25/2019 EUR 52.950
HSBC Trinkaus & Burkhar 1.620 3/27/2020 EUR 61.770
UBS AG/London 12.000 3/26/2020 EUR 55.600
UBS AG/London 8.000 3/26/2020 CHF 74.150
Commerzbank AG 6.000 8/23/2019 EUR 74.340
Commerzbank AG 8.000 8/23/2019 EUR 71.150
Commerzbank AG 5.750 8/23/2019 EUR 54.620
Deutsche Bank AG 4.200 6/25/2019 EUR 69.700
Deutsche Bank AG 4.200 6/25/2019 EUR 65.700
Deutsche Bank AG 4.200 6/25/2019 EUR 62.900
Deutsche Bank AG 4.200 9/24/2019 EUR 66.300
Deutsche Bank AG 4.200 9/24/2019 EUR 63.500
Deutsche Bank AG 4.200 12/24/2019 EUR 66.900
Deutsche Bank AG 4.200 12/24/2019 EUR 64.300
Deutsche Bank AG 4.200 6/25/2019 EUR 66.100
Commerzbank AG 9.000 8/23/2019 EUR 72.500
Commerzbank AG 11.000 8/23/2019 EUR 68.570
Commerzbank AG 13.000 8/23/2019 EUR 65.440
Deutsche Bank AG 4.200 12/24/2019 EUR 69.000
Deutsche Bank AG 4.200 6/25/2019 EUR 71.400
Deutsche Bank AG 4.200 6/25/2019 EUR 68.100
Deutsche Bank AG 4.200 9/24/2019 EUR 72.100
Deutsche Bank AG 4.200 9/24/2019 EUR 68.900
Deutsche Bank AG 4.200 12/24/2019 EUR 69.500
Deutsche Bank AG 4.200 6/25/2019 EUR 67.500
Deutsche Bank AG 4.200 9/24/2019 EUR 68.400
Commerzbank AG 7.750 8/23/2019 EUR 65.080
Commerzbank AG 11.750 8/23/2019 EUR 60.080
Commerzbank AG 9.000 8/23/2019 EUR 71.150
Commerzbank AG 11.000 8/23/2019 EUR 68.210
Commerzbank AG 9.500 8/23/2019 EUR 65.320
Commerzbank AG 10.250 8/23/2019 EUR 66.430
Commerzbank AG 11.500 8/23/2019 EUR 69.170
Commerzbank AG 10.250 8/23/2019 EUR 64.530
Commerzbank AG 12.250 8/23/2019 EUR 62.090
Commerzbank AG 10.750 8/23/2019 EUR 72.880
Commerzbank AG 12.750 8/23/2019 EUR 69.800
Commerzbank AG 14.750 8/23/2019 EUR 67.400
Commerzbank AG 13.500 8/23/2019 EUR 73.880
Commerzbank AG 19.500 8/23/2019 EUR 64.270
Commerzbank AG 11.750 8/23/2019 EUR 68.640
Commerzbank AG 5.750 8/23/2019 EUR 74.130
Commerzbank AG 7.250 8/23/2019 EUR 71.970
UniCredit Bank AG 5.750 9/18/2019 EUR 68.390
UniCredit Bank AG 6.200 9/18/2019 EUR 72.780
DZ Bank AG Deutsche Zen 8.250 6/26/2019 EUR 68.350
Vontobel Financial Prod 11.000 9/27/2019 EUR 69.050
Credit Suisse AG 8.000 11/29/2019 USD 9.750
DZ Bank AG Deutsche Zen 8.250 9/23/2019 EUR 64.960
Deutsche Bank AG 6.200 6/25/2019 EUR 67.700
Deutsche Bank AG 6.200 12/24/2019 EUR 70.200
Deutsche Bank AG 6.200 12/24/2019 EUR 65.500
DZ Bank AG Deutsche Zen 6.750 12/23/2019 EUR 73.410
DZ Bank AG Deutsche Zen 5.500 9/23/2019 EUR 72.910
DZ Bank AG Deutsche Zen 6.750 9/23/2019 EUR 67.430
Bank Julius Baer & Co L 6.150 12/5/2019 CHF 64.400
Bank Julius Baer & Co L 4.950 9/4/2019 CHF 71.700
DZ Bank AG Deutsche Zen 9.000 9/25/2019 EUR 71.350
DZ Bank AG Deutsche Zen 12.500 9/25/2019 EUR 72.570
DZ Bank AG Deutsche Zen 5.500 6/26/2019 EUR 57.680
DZ Bank AG Deutsche Zen 4.000 9/25/2019 EUR 64.280
DZ Bank AG Deutsche Zen 8.500 9/25/2019 EUR 59.780
DZ Bank AG Deutsche Zen 4.500 6/26/2019 EUR 72.220
DZ Bank AG Deutsche Zen 4.500 9/25/2019 EUR 69.530
DZ Bank AG Deutsche Zen 5.000 9/25/2019 EUR 44.890
DZ Bank AG Deutsche Zen 13.000 6/26/2019 EUR 70.770
DZ Bank AG Deutsche Zen 4.800 6/26/2019 EUR 66.430
DZ Bank AG Deutsche Zen 4.000 9/25/2019 EUR 67.850
DZ Bank AG Deutsche Zen 7.500 9/25/2019 EUR 71.340
Commerzbank AG 8.000 8/23/2019 EUR 73.470
Commerzbank AG 9.000 8/23/2019 EUR 71.900
Raiffeisen Centrobank A 6.620 3/24/2020 EUR 71.850
Landesbank Baden-Wuertt 7.000 8/28/2020 EUR 72.850
Landesbank Baden-Wuertt 3.000 8/28/2020 EUR 54.620
Landesbank Baden-Wuertt 3.500 8/28/2020 EUR 66.340
Danske Bank A/S 10.300 7/9/2023 SEK 69.800
Landesbank Baden-Wuertt 6.000 8/28/2020 EUR 71.690
Deutsche Bank AG 4.200 12/24/2019 EUR 51.700
Deutsche Bank AG 4.200 9/24/2019 EUR 73.300
Landesbank Baden-Wuertt 5.000 8/28/2020 EUR 71.250
Deutsche Bank AG 4.200 12/24/2019 EUR 71.100
Deutsche Bank AG 4.200 9/24/2019 EUR 74.300
Deutsche Bank AG 4.200 12/24/2019 EUR 73.800
Vontobel Financial Prod 8.500 1/3/2020 EUR 70.220
BNP Paribas Emissions- 4.000 6/27/2019 EUR 67.650
BNP Paribas Emissions- 10.000 6/27/2019 EUR 59.870
BNP Paribas Emissions- 12.000 6/27/2019 EUR 56.620
BNP Paribas Emissions- 4.000 9/26/2019 EUR 68.540
BNP Paribas Emissions- 7.500 6/27/2019 EUR 73.840
Raiffeisen Switzerland 5.600 11/2/2020 CHF 69.050
BNP Paribas Emissions- 7.000 6/27/2019 EUR 73.880
BNP Paribas Emissions- 9.500 6/27/2019 EUR 71.320
BNP Paribas Emissions- 7.500 12/30/2019 EUR 74.620
BNP Paribas Emissions- 12.000 9/26/2019 EUR 67.290
BNP Paribas Emissions- 9.000 9/26/2019 EUR 70.590
BNP Paribas Emissions- 10.000 9/26/2019 EUR 68.280
BNP Paribas Emissions- 10.000 12/30/2019 EUR 71.100
BNP Paribas Emissions- 4.000 6/27/2019 EUR 71.680
BNP Paribas Emissions- 10.000 9/26/2019 EUR 63.290
BNP Paribas Emissions- 8.500 9/26/2019 EUR 60.990
BNP Paribas Emissions- 9.500 9/26/2019 EUR 59.860
BNP Paribas Emissions- 10.000 9/26/2019 EUR 58.630
BNP Paribas Emissions- 8.000 12/30/2019 EUR 63.700
BNP Paribas Emissions- 6.500 9/26/2019 EUR 63.490
Raiffeisen Schweiz Geno 6.000 3/5/2020 CHF 68.330
Raiffeisen Schweiz Geno 9.500 9/11/2019 CHF 64.780
Landesbank Hessen-Thuer 3.250 9/27/2019 EUR 75.500
Commerzbank AG 8.500 8/23/2019 EUR 73.890
Commerzbank AG 9.500 8/23/2019 EUR 72.480
Commerzbank AG 6.750 8/23/2019 EUR 72.730
Commerzbank AG 8.250 8/23/2019 EUR 63.660
Commerzbank AG 8.000 8/23/2019 EUR 66.700
Commerzbank AG 10.000 8/23/2019 EUR 63.810
Commerzbank AG 11.500 8/23/2019 EUR 67.810
Commerzbank AG 7.500 8/23/2019 EUR 69.420
Commerzbank AG 7.000 8/23/2019 EUR 72.620
Commerzbank AG 3.750 8/23/2019 EUR 60.380
Deutsche Bank AG 4.200 9/24/2019 EUR 69.600
Deutsche Bank AG 4.200 9/24/2019 EUR 66.400
Deutsche Bank AG 4.200 12/24/2019 EUR 69.900
Deutsche Bank AG 4.200 12/24/2019 EUR 66.800
Commerzbank AG 15.000 8/23/2019 EUR 62.720
Deutsche Bank AG 4.200 12/24/2019 EUR 72.500
Commerzbank AG 9.500 8/23/2019 EUR 70.080
Commerzbank AG 11.500 8/23/2019 EUR 67.410
Commerzbank AG 3.750 8/23/2019 EUR 73.890
Commerzbank AG 5.750 8/23/2019 EUR 68.770
Commerzbank AG 9.750 8/23/2019 EUR 62.300
Commerzbank AG 5.500 8/23/2019 EUR 72.270
Commerzbank AG 7.500 8/23/2019 EUR 68.250
Commerzbank AG 11.500 8/23/2019 EUR 62.930
Commerzbank AG 10.750 8/23/2019 EUR 74.130
Commerzbank AG 12.750 8/23/2019 EUR 71.010
Commerzbank AG 6.250 8/23/2019 EUR 71.560
Commerzbank AG 8.250 8/23/2019 EUR 67.560
Commerzbank AG 8.250 8/23/2019 EUR 69.190
Commerzbank AG 17.500 8/23/2019 EUR 66.960
Commerzbank AG 9.750 8/23/2019 EUR 71.160
Commerzbank AG 9.250 8/23/2019 EUR 67.790
Commerzbank AG 13.250 8/23/2019 EUR 61.950
Vontobel Financial Prod 20.000 1/3/2020 EUR 65.330
Vontobel Financial Prod 12.700 9/24/2019 EUR 69.650
Commerzbank AG 11.750 8/23/2019 EUR 45.980
HSBC Trinkaus & Burkhar 4.300 8/23/2019 EUR 74.370
Vontobel Financial Prod 12.000 1/3/2020 EUR 66.320
Vontobel Financial Prod 5.000 11/8/2019 EUR 68.450
DZ Bank AG Deutsche Zen 6.500 12/23/2019 EUR 71.360
DZ Bank AG Deutsche Zen 7.500 12/23/2019 EUR 71.240
Deutsche Bank AG 6.200 9/24/2019 EUR 69.100
Deutsche Bank AG 6.200 6/25/2019 EUR 63.100
Deutsche Bank AG 6.200 9/24/2019 EUR 67.000
Deutsche Bank AG 6.200 9/24/2019 EUR 64.200
DZ Bank AG Deutsche Zen 4.750 9/23/2019 EUR 73.190
DZ Bank AG Deutsche Zen 7.000 9/23/2019 EUR 73.960
DZ Bank AG Deutsche Zen 4.750 12/23/2019 EUR 74.040
Bank Julius Baer & Co L 19.000 12/5/2019 CHF 74.450
Credit Suisse AG/London 5.000 6/23/2020 EUR 61.360
Vontobel Financial Prod 19.500 6/28/2019 EUR 63.290
Vontobel Financial Prod 9.450 8/23/2019 EUR 68.780
Raiffeisen Schweiz Geno 7.200 2/24/2020 CHF 74.660
Vontobel Financial Prod 11.000 6/28/2019 EUR 74.310
Bank Julius Baer & Co L 8.350 8/23/2019 USD 71.150
Commerzbank AG 12.250 7/26/2019 EUR 67.670
Commerzbank AG 14.500 6/28/2019 EUR 59.800
Commerzbank AG 10.750 7/26/2019 EUR 47.090
Commerzbank AG 14.750 7/26/2019 EUR 43.600
Commerzbank AG 11.250 5/24/2019 EUR 72.780
Vontobel Financial Prod 8.000 12/31/2019 EUR 68.640
Vontobel Financial Prod 7.000 12/31/2019 EUR 73.020
Leonteq Securities AG/G 12.600 12/4/2019 USD 75.260
EFG International Finan 12.000 9/5/2019 CHF 57.130
Vontobel Financial Prod 4.600 4/15/2020 EUR 64.350
Raiffeisen Schweiz Geno 7.300 3/5/2020 CHF 73.190
Raiffeisen Schweiz Geno 7.000 12/6/2019 CHF 63.900
Commerzbank AG 5.500 9/27/2019 EUR 68.010
Commerzbank AG 4.500 8/23/2019 EUR 67.400
Commerzbank AG 6.500 8/23/2019 EUR 63.900
Commerzbank AG 8.500 8/23/2019 EUR 61.360
Commerzbank AG 10.500 8/23/2019 EUR 59.350
Commerzbank AG 14.750 8/23/2019 EUR 61.270
Commerzbank AG 6.250 8/23/2019 EUR 68.070
Commerzbank AG 6.000 8/23/2019 EUR 70.400
Commerzbank AG 12.000 8/23/2019 EUR 61.520
Commerzbank AG 9.500 8/23/2019 EUR 70.720
Commerzbank AG 8.500 8/23/2019 EUR 68.140
Commerzbank AG 9.500 8/23/2019 EUR 66.990
Commerzbank AG 11.750 8/23/2019 EUR 72.490
Commerzbank AG 9.500 8/23/2019 EUR 72.330
Commerzbank AG 6.250 8/23/2019 EUR 72.930
UBS AG/London 10.000 11/7/2019 CHF 70.800
Commerzbank AG 15.500 8/23/2019 EUR 70.140
UniCredit Bank AG 4.750 9/18/2020 EUR 68.060
Commerzbank AG 9.750 8/23/2019 EUR 48.050
Landesbank Baden-Wuertt 5.500 8/23/2019 EUR 71.620
Vontobel Financial Prod 17.500 9/27/2019 EUR 59.140
Vontobel Financial Prod 13.000 9/27/2019 EUR 65.090
Vontobel Financial Prod 21.500 6/28/2019 EUR 55.150
Vontobel Financial Prod 8.500 9/27/2019 EUR 62.870
Vontobel Financial Prod 15.500 6/28/2019 EUR 62.910
Bank Julius Baer & Co L 10.750 9/19/2019 EUR 74.150
Vontobel Financial Prod 13.000 6/28/2019 EUR 58.570
Vontobel Financial Prod 4.000 9/27/2019 EUR 72.720
Vontobel Financial Prod 5.000 9/27/2019 EUR 69.780
Vontobel Financial Prod 6.500 9/27/2019 EUR 67.270
Vontobel Financial Prod 8.000 9/27/2019 EUR 64.990
Vontobel Financial Prod 14.500 9/27/2019 EUR 58.070
Vontobel Financial Prod 12.500 9/27/2019 EUR 59.410
Vontobel Financial Prod 11.000 9/27/2019 EUR 61.090
Vontobel Financial Prod 15.000 6/28/2019 EUR 73.360
Vontobel Financial Prod 14.500 9/27/2019 EUR 65.460
Vontobel Financial Prod 5.000 6/28/2019 EUR 68.660
Vontobel Financial Prod 3.500 6/28/2019 EUR 71.920
Vontobel Financial Prod 15.000 12/31/2019 EUR 56.830
Vontobel Financial Prod 13.500 9/27/2019 EUR 65.450
HSBC Trinkaus & Burkhar 3.900 12/27/2019 EUR 53.370
Vontobel Financial Prod 12.000 6/28/2019 EUR 71.330
Vontobel Financial Prod 11.000 9/27/2019 EUR 73.250
Vontobel Financial Prod 14.500 9/27/2019 EUR 74.480
Vontobel Financial Prod 14.000 9/27/2019 EUR 74.300
Vontobel Financial Prod 11.500 8/23/2019 EUR 73.810
Vontobel Financial Prod 13.000 8/23/2019 EUR 70.700
Vontobel Financial Prod 15.500 8/23/2019 EUR 68.060
Vontobel Financial Prod 11.500 8/23/2019 EUR 70.000
Vontobel Financial Prod 9.500 8/23/2019 EUR 59.030
Vontobel Financial Prod 11.000 8/23/2019 EUR 58.000
UBS AG/London 7.500 9/21/2020 USD 61.060
UBS AG/London 10.000 9/19/2019 EUR 65.500
DZ Bank AG Deutsche Zen 9.500 6/26/2019 EUR 74.200
Vontobel Financial Prod 10.500 9/27/2019 EUR 66.710
Vontobel Financial Prod 9.000 9/27/2019 EUR 68.020
Landesbank Baden-Wuertt 7.300 8/23/2019 EUR 67.280
Raiffeisen Switzerland 8.000 9/25/2019 USD 72.750
Commerzbank AG 8.500 7/26/2019 EUR 49.800
Commerzbank AG 10.500 7/26/2019 EUR 47.560
Commerzbank AG 7.750 7/26/2019 EUR 62.520
Commerzbank AG 11.750 7/26/2019 EUR 72.960
Commerzbank AG 10.500 7/26/2019 EUR 65.250
Commerzbank AG 7.000 7/26/2019 EUR 62.830
Commerzbank AG 9.000 7/26/2019 EUR 59.970
Commerzbank AG 7.500 7/26/2019 EUR 59.950
Commerzbank AG 9.500 7/26/2019 EUR 56.170
Commerzbank AG 7.500 7/26/2019 EUR 70.320
Commerzbank AG 9.500 7/26/2019 EUR 66.410
Commerzbank AG 11.500 7/26/2019 EUR 63.350
Commerzbank AG 6.250 7/26/2019 EUR 70.170
Commerzbank AG 7.250 7/26/2019 EUR 67.860
Commerzbank AG 5.500 7/26/2019 EUR 69.590
Commerzbank AG 11.500 7/26/2019 EUR 59.370
Commerzbank AG 8.750 7/26/2019 EUR 58.780
Commerzbank AG 3.000 7/26/2019 EUR 72.500
Commerzbank AG 3.500 7/26/2019 EUR 62.280
Commerzbank AG 4.500 7/26/2019 EUR 59.820
Commerzbank AG 5.500 7/26/2019 EUR 57.870
Commerzbank AG 6.500 7/26/2019 EUR 56.200
Commerzbank AG 7.500 7/26/2019 EUR 54.800
Commerzbank AG 8.500 7/26/2019 EUR 53.600
Commerzbank AG 9.500 7/26/2019 EUR 52.510
Commerzbank AG 10.000 7/26/2019 EUR 57.830
Commerzbank AG 12.000 7/26/2019 EUR 55.060
Commerzbank AG 6.250 7/26/2019 EUR 67.190
Commerzbank AG 6.750 7/26/2019 EUR 73.360
Commerzbank AG 4.000 7/26/2019 EUR 68.110
Commerzbank AG 6.000 7/26/2019 EUR 63.000
Commerzbank AG 4.000 7/26/2019 EUR 67.890
Commerzbank AG 6.000 7/26/2019 EUR 63.390
Commerzbank AG 9.250 7/26/2019 EUR 48.800
Commerzbank AG 7.000 7/26/2019 EUR 72.420
Commerzbank AG 8.250 7/26/2019 EUR 74.070
Commerzbank AG 12.000 7/26/2019 EUR 70.920
Commerzbank AG 2.100 8/28/2020 EUR 74.140
Landesbank Baden-Wuertt 2.000 8/23/2019 EUR 66.320
Landesbank Baden-Wuertt 2.000 8/23/2019 EUR 51.860
Landesbank Baden-Wuertt 4.000 8/23/2019 EUR 47.390
Landesbank Baden-Wuertt 5.000 8/23/2019 EUR 56.410
Landesbank Baden-Wuertt 3.500 8/23/2019 EUR 34.450
Landesbank Baden-Wuertt 4.000 8/23/2019 EUR 59.920
Landesbank Baden-Wuertt 5.000 8/23/2019 EUR 57.440
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 59.570
Landesbank Baden-Wuertt 2.650 2/28/2020 EUR 64.290
Leonteq Securities AG/G 5.000 9/8/2020 CHF 47.870
Landesbank Hessen-Thuer 3.000 10/9/2019 EUR 59.500
Leonteq Securities AG/G 6.200 3/11/2020 CHF 59.040
UniCredit Bank AG 3.500 9/19/2021 EUR 57.790
Landesbank Baden-Wuertt 2.500 8/23/2019 EUR 71.940
Landesbank Baden-Wuertt 5.000 8/23/2019 EUR 60.130
Landesbank Baden-Wuertt 3.500 8/23/2019 EUR 60.940
Landesbank Baden-Wuertt 3.000 8/23/2019 EUR 48.680
Landesbank Baden-Wuertt 2.000 8/23/2019 EUR 38.400
Landesbank Baden-Wuertt 2.000 8/23/2019 EUR 68.380
Landesbank Baden-Wuertt 3.000 8/23/2019 EUR 63.490
Landesbank Baden-Wuertt 5.000 8/23/2019 EUR 57.320
Landesbank Baden-Wuertt 3.500 8/23/2019 EUR 68.240
Landesbank Baden-Wuertt 6.500 8/23/2019 EUR 53.500
Landesbank Baden-Wuertt 3.000 7/24/2020 EUR 63.420
EFG International Finan 5.800 8/31/2020 EUR 66.200
DekaBank Deutsche Giroz 2.000 9/18/2020 EUR 60.450
Societe Generale Effekt 4.060 9/20/2019 EUR 63.990
Societe Generale Effekt 8.684 3/20/2020 EUR 63.240
Societe Generale Effekt 11.986 6/19/2020 EUR 66.050
Societe Generale Effekt 14.041 6/19/2020 EUR 63.910
Leonteq Securities AG/G 5.000 8/25/2020 CHF 64.960
Societe Generale Effekt 11.799 12/20/2019 EUR 75.750
DekaBank Deutsche Giroz 2.000 9/18/2020 EUR 61.220
HSBC Trinkaus & Burkhar 1.250 4/22/2020 EUR 74.060
Vontobel Financial Prod 14.500 3/27/2020 EUR 71.964
Deutsche Bank AG 8.200 9/24/2019 EUR 69.800
Deutsche Bank AG 8.200 12/24/2019 EUR 71.200
Deutsche Bank AG 8.200 3/24/2020 EUR 72.700
Deutsche Bank AG 8.200 9/22/2020 EUR 72.600
Vontobel Financial Prod 14.500 12/13/2019 EUR 69.270
Leonteq Securities AG/G 9.200 9/11/2019 CHF 54.490
Natixis SA 2.310 8/23/2019 EUR 68.540
HSBC Trinkaus & Burkhar 13.100 3/27/2020 EUR 54.520
HSBC Trinkaus & Burkhar 7.900 3/27/2020 EUR 57.410
HSBC Trinkaus & Burkhar 12.600 6/26/2020 EUR 57.030
HSBC Trinkaus & Burkhar 9.100 2/28/2020 EUR 56.180
DekaBank Deutsche Giroz 3.650 3/27/2020 EUR 55.430
DZ Bank AG Deutsche Zen 8.750 10/23/2019 EUR 50.700
Vontobel Financial Prod 12.500 3/27/2020 EUR 71.350
Vontobel Financial Prod 16.500 1/3/2020 EUR 70.201
Deutsche Bank AG 8.200 6/25/2019 EUR 68.200
Deutsche Bank AG 8.200 6/23/2020 EUR 71.000
Deutsche Bank AG 8.200 12/22/2020 EUR 74.400
Vontobel Financial Prod 7.500 3/27/2020 EUR 71.090
Commerzbank AG 3.900 3/23/2022 USD 5.450
DekaBank Deutsche Giroz 2.600 3/13/2020 EUR 65.170
EFG International Finan 8.000 10/7/2019 EUR 70.310
DZ Bank AG Deutsche Zen 8.400 6/28/2019 EUR 28.280
UniCredit Bank AG 5.200 5/4/2020 USD 36.670
DekaBank Deutsche Giroz 2.800 3/13/2020 EUR 58.330
Raiffeisen Schweiz Geno 5.000 4/3/2020 CHF 40.170
Landesbank Hessen-Thuer 3.000 8/22/2019 EUR 66.500
Landesbank Hessen-Thuer 3.150 5/11/2022 EUR 69.060
Credit Suisse AG/Nassau 8.250 7/19/2019 CHF 61.990
DekaBank Deutsche Giroz 4.250 5/3/2022 EUR 65.260
DZ Bank AG Deutsche Zen 7.200 6/24/2019 EUR 68.750
DZ Bank AG Deutsche Zen 6.300 6/24/2019 EUR 63.310
Vontobel Financial Prod 13.000 3/27/2020 EUR 75.008
EFG International Finan 6.000 8/24/2020 CHF 59.720
Landesbank Baden-Wuertt 3.500 2/28/2020 EUR 69.260
Leonteq Securities AG/G 6.000 8/18/2020 CHF 59.420
Zurcher Kantonalbank Fi 5.000 8/12/2019 CHF 20.580
Leonteq Securities AG/G 13.000 8/4/2020 CHF 67.840
DekaBank Deutsche Giroz 4.400 2/21/2020 EUR 56.710
Societe Generale Effekt 3.190 6/21/2019 EUR 58.280
Societe Generale Effekt 7.647 12/20/2019 EUR 62.120
Societe Generale Effekt 9.832 12/20/2019 EUR 59.720
Societe Generale Effekt 10.925 3/20/2020 EUR 61.100
Societe Generale Effekt 18.584 9/20/2019 EUR 74.230
UniCredit Bank AG 4.300 8/24/2021 EUR 60.070
Bank Julius Baer & Co L 7.300 8/16/2019 USD 56.600
UniCredit Bank AG 5.250 9/19/2020 EUR 60.740
Bayerische Landesbank 2.700 9/18/2020 EUR 60.160
Societe Generale Effekt 5.778 9/20/2019 EUR 60.380
Societe Generale Effekt 5.899 12/20/2019 EUR 65.340
Societe Generale Effekt 12.017 12/20/2019 EUR 57.790
Societe Generale Effekt 4.879 6/21/2019 EUR 74.300
Societe Generale Effekt 15.295 12/20/2019 EUR 73.740
Getin Noble Bank SA 5.790 7/26/2024 PLN 75.000
Vontobel Financial Prod 7.000 8/28/2019 EUR 52.220
Landesbank Hessen-Thuer 3.500 9/8/2022 EUR 66.640
Landesbank Hessen-Thuer 4.000 3/8/2021 EUR 56.200
Raiffeisen Switzerland 5.000 8/14/2020 EUR 46.560
Landesbank Hessen-Thuer 4.500 9/8/2021 EUR 67.110
UBS AG/London 11.500 8/9/2019 CHF 67.750
Vontobel Financial Prod 9.500 2/28/2020 EUR 69.960
Landesbank Hessen-Thuer 4.400 12/22/2022 EUR 60.280
Commerzbank AG 12.000 6/28/2019 EUR 55.050
Commerzbank AG 9.000 5/24/2019 EUR 73.480
UniCredit Bank AG 3.500 11/22/2019 EUR 69.420
UniCredit Bank AG 4.200 11/22/2019 EUR 68.890
Commerzbank AG 8.000 7/26/2019 EUR 74.900
Commerzbank AG 9.000 7/26/2019 EUR 73.330
Commerzbank AG 4.500 7/26/2019 EUR 56.540
Commerzbank AG 6.500 7/26/2019 EUR 52.630
Commerzbank AG 12.500 7/26/2019 EUR 45.610
Commerzbank AG 3.750 7/26/2019 EUR 70.280
Commerzbank AG 4.750 7/26/2019 EUR 67.790
Commerzbank AG 5.750 7/26/2019 EUR 65.760
Commerzbank AG 6.750 7/26/2019 EUR 64.020
Commerzbank AG 8.750 7/26/2019 EUR 61.180
Commerzbank AG 9.750 7/26/2019 EUR 59.980
Commerzbank AG 6.500 7/26/2019 EUR 71.960
Commerzbank AG 8.500 7/26/2019 EUR 68.150
Commerzbank AG 4.000 7/26/2019 EUR 69.250
Commerzbank AG 5.000 7/26/2019 EUR 66.670
Commerzbank AG 6.000 7/26/2019 EUR 64.560
Commerzbank AG 8.000 7/26/2019 EUR 61.310
Commerzbank AG 5.500 7/26/2019 EUR 64.920
Commerzbank AG 11.500 7/26/2019 EUR 53.560
Commerzbank AG 4.250 7/26/2019 EUR 74.480
Commerzbank AG 5.250 7/26/2019 EUR 72.110
Commerzbank AG 7.250 7/26/2019 EUR 68.520
Commerzbank AG 10.000 7/26/2019 EUR 56.960
Commerzbank AG 7.500 7/26/2019 EUR 65.160
Commerzbank AG 9.500 7/26/2019 EUR 61.910
Commerzbank AG 8.250 7/26/2019 EUR 63.210
Commerzbank AG 10.250 7/26/2019 EUR 60.360
Commerzbank AG 3.750 7/26/2019 EUR 68.490
Commerzbank AG 4.750 7/26/2019 EUR 65.530
Commerzbank AG 5.750 7/26/2019 EUR 63.200
Commerzbank AG 6.750 7/26/2019 EUR 61.370
Commerzbank AG 7.750 7/26/2019 EUR 59.990
Commerzbank AG 6.000 7/26/2019 EUR 65.990
Commerzbank AG 8.000 7/26/2019 EUR 61.240
Commerzbank AG 4.250 7/26/2019 EUR 72.690
Commerzbank AG 9.250 7/26/2019 EUR 63.910
Commerzbank AG 11.250 7/26/2019 EUR 60.720
Commerzbank AG 8.000 7/26/2019 EUR 59.570
Commerzbank AG 8.000 7/26/2019 EUR 60.110
Commerzbank AG 10.000 7/26/2019 EUR 57.430
Commerzbank AG 3.250 7/26/2019 EUR 57.730
Commerzbank AG 4.250 7/26/2019 EUR 55.440
Commerzbank AG 5.250 7/26/2019 EUR 53.640
Commerzbank AG 6.250 7/26/2019 EUR 52.150
Commerzbank AG 7.250 7/26/2019 EUR 50.870
Commerzbank AG 8.250 7/26/2019 EUR 49.770
Commerzbank AG 9.000 7/26/2019 EUR 67.870
Commerzbank AG 11.000 7/26/2019 EUR 64.180
Commerzbank AG 13.000 7/26/2019 EUR 61.240
Commerzbank AG 11.000 7/26/2019 EUR 72.770
Landesbank Hessen-Thuer 3.000 9/11/2019 EUR 63.400
Societe Generale SA 8.000 8/9/2022 USD 39.550
Leonteq Securities AG/G 6.200 8/11/2020 CHF 65.490
Leonteq Securities AG/G 9.400 8/14/2019 CHF 45.440
UniCredit Bank AG 3.200 9/10/2022 EUR 64.710
Landesbank Baden-Wuertt 2.600 9/24/2021 EUR 67.210
Vontobel Financial Prod 13.000 1/3/2020 EUR 63.572
Vontobel Financial Prod 10.000 3/27/2020 EUR 64.790
Vontobel Financial Prod 10.500 1/3/2020 EUR 62.990
DekaBank Deutsche Giroz 2.800 4/24/2020 EUR 58.240
Leonteq Securities AG 8.000 10/10/2019 USD 38.830
Landesbank Hessen-Thuer 4.700 2/24/2023 EUR 59.710
Leonteq Securities AG/G 6.400 11/3/2021 CHF 61.980
Commerzbank AG 1.000 11/2/2020 USD 10.050
Commerzbank AG 2.850 10/26/2020 EUR 69.870
Landesbank Hessen-Thuer 3.000 6/4/2021 EUR 70.200
Banque Cantonale Vaudoi 8.900 11/8/2019 CHF 61.200
Landesbank Hessen-Thuer 4.000 6/4/2021 EUR 49.000
Raiffeisen Schweiz Geno 5.000 11/6/2019 CHF 54.040
HSBC Trinkaus & Burkhar 5.000 6/28/2019 EUR 63.860
HSBC Trinkaus & Burkhar 4.700 6/28/2019 EUR 59.280
HSBC Trinkaus & Burkhar 4.100 6/28/2019 EUR 59.660
HSBC Trinkaus & Burkhar 3.400 6/28/2019 EUR 60.610
HSBC Trinkaus & Burkhar 5.100 6/28/2019 EUR 65.630
HSBC Trinkaus & Burkhar 3.100 6/28/2019 EUR 70.470
HSBC Trinkaus & Burkhar 4.500 6/28/2019 EUR 63.630
Landesbank Baden-Wuertt 2.450 7/24/2020 EUR 63.430
Landesbank Baden-Wuertt 2.500 1/28/2022 EUR 66.390
Leonteq Securities AG 6.800 5/11/2021 EUR 63.850
Leonteq Securities AG 10.000 8/14/2019 CHF 73.780
Vontobel Financial Prod 8.500 6/28/2019 EUR 71.720
UniCredit Bank AG 7.300 1/3/2020 EUR 63.290
UniCredit Bank AG 4.900 1/3/2020 EUR 67.120
UniCredit Bank AG 12.100 1/3/2020 EUR 42.410
UniCredit Bank AG 11.200 1/3/2020 EUR 74.300
UniCredit Bank AG 6.200 12/29/2020 EUR 67.150
UniCredit Bank AG 7.400 12/29/2020 EUR 72.290
UniCredit Bank AG 8.800 12/29/2020 EUR 62.780
UniCredit Bank AG 11.000 1/3/2020 EUR 68.890
UniCredit Bank AG 11.800 1/3/2020 EUR 61.010
UniCredit Bank AG 5.700 1/3/2020 EUR 56.360
UniCredit Bank AG 5.400 1/3/2020 EUR 9.670
UniCredit Bank AG 11.000 1/3/2020 EUR 72.680
UniCredit Bank AG 5.100 1/3/2020 EUR 65.300
UniCredit Bank AG 12.900 1/3/2020 EUR 56.170
UniCredit Bank AG 11.400 1/3/2020 EUR 70.120
UniCredit Bank AG 5.900 1/3/2020 EUR 63.960
UniCredit Bank AG 6.500 1/3/2020 EUR 70.650
UniCredit Bank AG 7.600 1/3/2020 EUR 62.440
UniCredit Bank AG 7.500 12/29/2020 EUR 73.720
UniCredit Bank AG 8.400 12/29/2020 EUR 68.450
UniCredit Bank AG 9.800 12/29/2020 EUR 72.850
DekaBank Deutsche Giroz 6.000 5/29/2020 EUR 70.700
UniCredit Bank AG 9.800 12/29/2020 EUR 66.210
UniCredit Bank AG 7.600 12/29/2020 EUR 53.150
UniCredit Bank AG 6.700 12/29/2020 EUR 54.340
Credit Suisse AG/London 2.900 10/28/2019 USD 66.200
UniCredit Bank AG 8.700 12/29/2020 EUR 18.690
UniCredit Bank AG 8.800 12/29/2020 EUR 58.130
UniCredit Bank AG 11.000 12/29/2020 EUR 69.890
UniCredit Bank AG 11.500 12/29/2020 EUR 69.330
UniCredit Bank AG 10.000 12/29/2020 EUR 73.650
UniCredit Bank AG 8.900 12/29/2020 EUR 38.760
UniCredit Bank AG 7.300 12/29/2020 EUR 62.540
UniCredit Bank AG 9.100 12/29/2020 EUR 61.420
UniCredit Bank AG 6.600 12/29/2020 EUR 63.230
UniCredit Bank AG 6.800 12/29/2020 EUR 63.890
UniCredit Bank AG 8.300 12/29/2020 EUR 60.810
UniCredit Bank AG 7.000 12/29/2020 EUR 71.790
UniCredit Bank AG 8.400 12/29/2020 EUR 64.580
UniCredit Bank AG 8.500 12/29/2020 EUR 62.600
UniCredit Bank AG 7.500 12/29/2020 EUR 63.880
UniCredit Bank AG 12.000 12/29/2020 EUR 48.880
UniCredit Bank AG 8.300 12/29/2020 EUR 63.080
UniCredit Bank AG 13.900 12/29/2020 EUR 47.190
UniCredit Bank AG 8.400 12/29/2020 EUR 64.220
UniCredit Bank AG 8.100 12/29/2020 EUR 55.710
Landesbank Baden-Wuertt 6.000 10/25/2019 EUR 70.330
Landesbank Baden-Wuertt 3.500 10/25/2019 EUR 62.690
Landesbank Baden-Wuertt 6.000 10/25/2019 EUR 54.400
Landesbank Baden-Wuertt 3.500 10/25/2019 EUR 32.910
Landesbank Baden-Wuertt 4.500 10/25/2019 EUR 71.570
Landesbank Baden-Wuertt 2.500 10/25/2019 EUR 58.580
Landesbank Baden-Wuertt 3.500 10/25/2019 EUR 56.460
Bank Julius Baer & Co L 5.850 5/22/2019 CHF 74.400
Landesbank Baden-Wuertt 4.500 10/25/2019 EUR 64.390
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 72.740
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 68.730
Landesbank Baden-Wuertt 5.000 10/25/2019 EUR 59.540
UniCredit Bank AG 5.700 11/27/2019 EUR 48.290
BNP Paribas Emissions- 12.000 6/27/2019 EUR 41.250
BNP Paribas Emissions- 12.000 6/27/2019 EUR 70.740
BNP Paribas Emissions- 13.000 6/27/2019 EUR 70.110
BNP Paribas Emissions- 9.000 6/27/2019 EUR 57.900
BNP Paribas Emissions- 4.500 12/30/2019 EUR 66.850
BNP Paribas Emissions- 8.500 12/30/2019 EUR 58.930
BNP Paribas Emissions- 9.500 12/30/2019 EUR 62.440
BNP Paribas Emissions- 8.500 6/27/2019 EUR 63.200
BNP Paribas Emissions- 9.500 6/27/2019 EUR 68.010
BNP Paribas Emissions- 4.500 6/27/2019 EUR 71.600
BNP Paribas Emissions- 10.000 6/27/2019 EUR 59.820
BNP Paribas Emissions- 4.500 12/30/2019 EUR 73.360
BNP Paribas Emissions- 5.500 12/30/2019 EUR 69.970
BNP Paribas Emissions- 11.000 12/30/2019 EUR 73.970
BNP Paribas Emissions- 7.500 12/30/2019 EUR 65.840
BNP Paribas Emissions- 11.000 12/30/2019 EUR 71.230
BNP Paribas Emissions- 7.500 6/27/2019 EUR 54.150
BNP Paribas Emissions- 8.000 12/30/2019 EUR 65.490
BNP Paribas Emissions- 4.000 6/27/2019 EUR 65.300
BNP Paribas Emissions- 11.000 6/27/2019 EUR 73.310
BNP Paribas Emissions- 5.500 6/27/2019 EUR 59.030
BNP Paribas Emissions- 8.000 6/27/2019 EUR 53.830
BNP Paribas Emissions- 4.000 6/27/2019 EUR 64.700
BNP Paribas Emissions- 8.500 6/27/2019 EUR 69.650
Commerzbank AG 8.000 11/6/2020 USD 2.390
BNP Paribas Emissions- 5.000 6/27/2019 EUR 33.620
BNP Paribas Emissions- 3.000 6/27/2019 EUR 65.220
BNP Paribas Emissions- 9.000 6/27/2019 EUR 55.890
BNP Paribas Emissions- 13.000 6/27/2019 EUR 71.130
BNP Paribas Emissions- 7.000 6/27/2019 EUR 50.440
BNP Paribas Emissions- 9.500 12/30/2019 EUR 73.410
HSBC Trinkaus & Burkhar 7.800 6/28/2019 EUR 56.080
HSBC Trinkaus & Burkhar 4.700 6/28/2019 EUR 55.760
HSBC Trinkaus & Burkhar 3.800 12/27/2019 EUR 57.320
HSBC Trinkaus & Burkhar 5.300 6/26/2020 EUR 58.230
HSBC Trinkaus & Burkhar 7.000 12/27/2019 EUR 74.220
HSBC Trinkaus & Burkhar 5.800 6/28/2019 EUR 50.080
Raiffeisen Schweiz Geno 5.200 1/6/2021 CHF 69.100
Raiffeisen Schweiz Geno 5.000 7/6/2020 CHF 64.150
Bank Julius Baer & Co L 10.000 10/7/2019 USD 57.050
Leonteq Securities AG/G 11.600 10/16/2019 CHF 66.800
Commerzbank AG 12.750 7/26/2019 EUR 59.150
Commerzbank AG 12.250 6/28/2019 EUR 68.910
Vontobel Financial Prod 8.500 6/28/2019 EUR 72.690
Vontobel Financial Prod 10.000 6/28/2019 EUR 71.040
Vontobel Financial Prod 6.500 6/28/2019 EUR 75.370
Vontobel Financial Prod 8.500 6/28/2019 EUR 71.900
Vontobel Financial Prod 10.000 6/28/2019 EUR 70.030
Vontobel Financial Prod 11.500 6/28/2019 EUR 68.330
Vontobel Financial Prod 13.500 6/28/2019 EUR 65.780
Vontobel Financial Prod 4.500 6/28/2019 EUR 37.630
Vontobel Financial Prod 6.000 6/28/2019 EUR 36.010
Vontobel Financial Prod 8.500 6/28/2019 EUR 33.900
Vontobel Financial Prod 11.000 6/28/2019 EUR 32.090
Vontobel Financial Prod 13.000 6/28/2019 EUR 31.050
Commerzbank AG 11.500 7/26/2019 EUR 69.960
Commerzbank AG 6.250 8/23/2019 EUR 62.700
Zurcher Kantonalbank Fi 6.000 7/16/2019 EUR 69.080
Deutsche Bank AG 6.200 6/25/2019 EUR 69.500
Deutsche Bank AG 6.200 6/25/2019 EUR 63.400
Deutsche Bank AG 5.200 12/24/2019 EUR 57.800
Deutsche Bank AG 5.200 12/24/2019 EUR 55.800
DZ Bank AG Deutsche Zen 4.200 9/23/2019 EUR 69.380
Vontobel Financial Prod 2.900 6/14/2019 EUR 55.550
Societe Generale SA 7.280 5/6/2024 USD
DZ Bank AG Deutsche Zen 4.700 9/23/2019 EUR 68.810
Commerzbank AG 4.500 7/5/2019 EUR 74.470
Commerzbank AG 8.500 7/5/2019 EUR 69.260
Commerzbank AG 30.000 6/30/2020 USD 0.030
Commerzbank AG 4.750 6/28/2019 EUR 73.850
Commerzbank AG 8.500 7/26/2019 EUR 66.330
Commerzbank AG 12.500 7/26/2019 EUR 65.670
HSBC Trinkaus & Burkhar 5.300 6/28/2019 EUR 62.530
HSBC Trinkaus & Burkhar 6.100 11/22/2019 EUR 66.460
HSBC Trinkaus & Burkhar 4.600 6/28/2019 EUR 66.920
Bank Julius Baer & Co L 6.200 7/10/2019 CHF 63.800
Vontobel Financial Prod 9.200 9/13/2019 EUR 68.160
Norddeutsche Landesbank 4.000 9/26/2019 EUR 70.490
EFG International Finan 6.200 1/11/2021 EUR 71.740
UBS AG/London 6.900 6/27/2019 EUR 72.910
UBS AG/London 7.000 9/26/2019 EUR 46.930
UBS AG/London 7.000 6/27/2019 EUR 45.720
UBS AG/London 4.900 6/27/2019 EUR 57.430
EFG International Finan 7.200 1/25/2021 EUR 64.300
EFG International Finan 8.000 1/29/2020 USD 55.140
Vontobel Financial Prod 8.500 9/27/2019 EUR 61.890
Vontobel Financial Prod 5.500 1/3/2020 EUR 68.470
Vontobel Financial Prod 9.500 1/3/2020 EUR 67.710
UBS AG/London 7.000 6/29/2020 CHF 74.850
UBS AG/London 13.600 6/27/2019 EUR 72.420
UBS AG/London 7.100 6/27/2019 EUR 70.450
BNP Paribas Emissions- 8.500 6/27/2019 EUR 65.970
UBS AG/London 16.000 6/27/2019 EUR 71.460
UBS AG/London 16.400 6/27/2019 EUR 70.310
BNP Paribas Emissions- 9.500 6/27/2019 EUR 68.340
BNP Paribas Emissions- 11.000 6/27/2019 EUR 66.680
BNP Paribas Emissions- 9.000 6/27/2019 EUR 49.090
BNP Paribas Emissions- 6.000 6/27/2019 EUR 58.260
UBS AG/London 16.900 6/27/2019 EUR 50.080
UBS AG/London 6.300 6/27/2019 EUR 60.610
UBS AG/London 20.800 6/27/2019 EUR 53.620
UBS AG/London 19.000 6/27/2019 EUR 55.310
BNP Paribas Emissions- 6.500 6/27/2019 EUR 55.190
BNP Paribas Emissions- 11.000 6/27/2019 EUR 47.570
UBS AG/London 13.300 6/27/2019 EUR 57.520
BNP Paribas Emissions- 8.500 6/27/2019 EUR 44.050
BNP Paribas Emissions- 8.500 6/27/2019 EUR 49.360
BNP Paribas Emissions- 9.000 6/27/2019 EUR 47.700
BNP Paribas Emissions- 11.000 6/27/2019 EUR 46.310
BNP Paribas Emissions- 10.000 6/27/2019 EUR 74.670
BNP Paribas Emissions- 6.500 6/27/2019 EUR 69.460
BNP Paribas Emissions- 9.500 6/27/2019 EUR 60.350
BNP Paribas Emissions- 12.000 6/27/2019 EUR 57.300
BNP Paribas Emissions- 8.500 6/27/2019 EUR 72.610
BNP Paribas Emissions- 12.000 6/27/2019 EUR 64.640
Vontobel Financial Prod 7.500 12/13/2019 EUR 59.330
BNP Paribas Emissions- 7.000 6/27/2019 EUR 56.240
UBS AG/London 23.200 6/27/2019 EUR 70.620
UBS AG/London 2.700 6/27/2019 EUR 69.560
Vontobel Financial Prod 7.000 6/28/2019 EUR 55.950
Landesbank Hessen-Thuer 2.750 6/9/2020 EUR 69.200
Leonteq Securities AG/G 13.600 7/9/2019 USD 58.320
Deutsche Bank AG 6.200 6/25/2019 EUR 72.200
Deutsche Bank AG 6.200 6/25/2019 EUR 61.400
Deutsche Bank AG 6.200 12/24/2019 EUR 69.800
Deutsche Bank AG 6.200 12/24/2019 EUR 67.600
Deutsche Bank AG 6.200 12/24/2019 EUR 56.400
Vontobel Financial Prod 11.300 6/14/2019 EUR 64.980
DZ Bank AG Deutsche Zen 6.300 6/24/2019 EUR 64.660
DZ Bank AG Deutsche Zen 4.700 9/23/2019 EUR 68.270
Commerzbank AG 4.250 7/5/2019 EUR 69.870
Commerzbank AG 6.750 6/28/2019 EUR 69.360
Commerzbank AG 7.250 6/28/2019 EUR 70.270
Commerzbank AG 6.500 7/26/2019 EUR 69.840
Commerzbank AG 10.000 6/28/2019 EUR 70.430
Commerzbank AG 12.000 6/28/2019 EUR 67.240
Commerzbank AG 10.500 7/26/2019 EUR 68.690
Vontobel Financial Prod 5.350 6/14/2019 EUR 49.450
HSBC Trinkaus & Burkhar 8.700 9/27/2019 EUR 71.750
Landesbank Hessen-Thuer 6.000 9/21/2023 EUR 69.020
DZ Bank AG Deutsche Zen 8.250 12/27/2019 EUR 64.760
HSBC Trinkaus & Burkhar 8.100 6/28/2019 EUR 70.460
UBS AG/London 6.750 1/17/2020 CHF 57.700
HSBC Trinkaus & Burkhar 5.800 8/23/2019 EUR 73.240
Landesbank Baden-Wuertt 3.250 6/26/2020 EUR 53.880
HSBC Trinkaus & Burkhar 2.600 6/28/2019 EUR 70.500
HSBC Trinkaus & Burkhar 6.800 9/27/2019 EUR 51.510
DZ Bank AG Deutsche Zen 7.500 12/27/2019 EUR 64.750
Bank Julius Baer & Co L 9.100 9/9/2019 CHF 58.350
UBS AG/London 9.750 9/27/2019 CHF 55.900
EFG International Finan 11.000 7/18/2019 EUR 70.250
BNP Paribas Emissions- 7.000 6/27/2019 EUR 69.060
BNP Paribas Emissions- 9.500 6/27/2019 EUR 71.650
BNP Paribas Emissions- 8.500 6/27/2019 EUR 67.410
UBS AG/London 4.500 6/27/2019 EUR 63.730
BNP Paribas Emissions- 9.000 6/27/2019 EUR 69.860
UBS AG/London 4.000 6/27/2019 EUR 70.460
BNP Paribas Emissions- 7.500 6/27/2019 EUR 24.900
BNP Paribas Emissions- 9.000 6/27/2019 EUR 60.100
UBS AG/London 8.700 6/27/2019 EUR 57.890
BNP Paribas Emissions- 6.000 6/27/2019 EUR 25.540
UBS AG/London 3.100 1/2/2020 EUR 68.720
BNP Paribas Emissions- 8.500 6/27/2019 EUR 54.250
UBS AG/London 3.500 9/26/2019 EUR 69.180
BNP Paribas Emissions- 6.000 6/27/2019 EUR 47.400
BNP Paribas Emissions- 10.000 6/27/2019 EUR 66.100
BNP Paribas Emissions- 10.000 6/27/2019 EUR 72.580
BNP Paribas Emissions- 12.000 6/27/2019 EUR 71.020
BNP Paribas Emissions- 11.000 6/27/2019 EUR 71.380
BNP Paribas Emissions- 9.000 6/27/2019 EUR 48.610
UBS AG/London 16.200 6/27/2019 EUR 51.920
BNP Paribas Emissions- 9.000 6/27/2019 EUR 73.830
Vontobel Financial Prod 3.500 12/13/2019 EUR 64.790
BNP Paribas Emissions- 7.000 6/27/2019 EUR 36.100
UBS AG/London 7.800 6/27/2019 EUR 63.890
BNP Paribas Emissions- 7.000 6/27/2019 EUR 66.090
BNP Paribas Emissions- 9.500 6/27/2019 EUR 61.090
UBS AG/London 11.600 6/27/2019 EUR 55.510
UBS AG/London 17.800 6/27/2019 EUR 63.290
BNP Paribas Emissions- 12.000 6/27/2019 EUR 49.260
BNP Paribas Emissions- 5.500 6/27/2019 EUR 67.860
UBS AG/London 2.800 6/27/2019 EUR 67.250
UBS AG/London 3.800 6/27/2019 EUR 73.650
BNP Paribas Emissions- 4.500 6/27/2019 EUR 55.690
BNP Paribas Emissions- 9.500 6/27/2019 EUR 67.710
BNP Paribas Emissions- 6.500 6/27/2019 EUR 51.650
BNP Paribas Emissions- 6.000 6/27/2019 EUR 63.030
BNP Paribas Emissions- 8.000 6/27/2019 EUR 58.450
UBS AG/London 21.200 6/27/2019 EUR 65.790
UBS AG/London 24.500 6/27/2019 EUR 65.800
Credit Suisse AG/Nassau 7.000 1/13/2021 CHF 67.190
Vontobel Financial Prod 8.000 6/28/2019 EUR 67.590
Vontobel Financial Prod 5.500 6/28/2019 EUR 58.560
Bank Julius Baer & Co L 11.000 10/10/2019 EUR 67.350
EFG International Finan 14.000 7/18/2019 USD 62.450
UBS AG/London 5.500 1/17/2020 CHF 67.350
UBS AG/London 11.000 6/29/2020 CHF 64.900
UBS AG/London 6.500 6/29/2020 CHF 69.700
UBS AG/London 4.700 6/27/2019 EUR 71.540
UBS AG/London 20.600 6/27/2019 EUR 73.550
UBS AG/London 3.300 9/26/2019 EUR 68.080
UBS AG/London 2.400 9/26/2019 EUR 72.500
UBS AG/London 3.500 6/27/2019 EUR 72.400
BNP Paribas Emissions- 7.000 6/27/2019 EUR 64.820
BNP Paribas Emissions- 8.000 6/27/2019 EUR 34.250
BNP Paribas Emissions- 7.000 6/27/2019 EUR 74.080
UBS AG/London 5.300 9/26/2019 EUR 72.970
UBS AG/London 3.000 9/26/2019 EUR 70.810
BNP Paribas Emissions- 8.000 6/27/2019 EUR 66.840
BNP Paribas Emissions- 9.000 6/27/2019 EUR 63.060
BNP Paribas Emissions- 6.000 6/27/2019 EUR 59.580
Raiffeisen Schweiz Geno 6.250 1/29/2020 CHF 68.480
Raiffeisen Schweiz Geno 5.900 7/26/2019 EUR 56.800
Leonteq Securities AG/G 8.200 1/29/2020 EUR 56.980
Leonteq Securities AG/G 7.200 7/29/2020 CHF 62.020
Credit Suisse AG/Nassau 9.000 10/14/2019 CHF 66.160
Leonteq Securities AG 9.400 10/16/2019 CHF 64.540
Commerzbank AG 1.000 7/5/2019 EUR 16.880
Vontobel Financial Prod 4.000 8/9/2019 EUR 71.340
Raiffeisen Schweiz Geno 6.900 7/26/2019 CHF 72.540
UBS AG/London 4.800 9/26/2019 EUR 66.270
UBS AG/London 20.300 6/27/2019 EUR 68.470
BNP Paribas Emissions- 5.500 6/27/2019 EUR 72.490
Leonteq Securities AG/G 14.000 1/15/2020 USD 55.220
BNP Paribas Emissions- 7.000 6/27/2019 EUR 70.590
BNP Paribas Emissions- 5.500 6/27/2019 EUR 26.340
UBS AG/London 7.100 6/27/2019 EUR 65.430
BNP Paribas Emissions- 8.500 6/27/2019 EUR 71.830
UBS AG/London 5.000 6/27/2019 EUR 68.680
BNP Paribas Emissions- 9.000 6/27/2019 EUR 70.210
BNP Paribas Emissions- 6.000 6/27/2019 EUR 53.570
UBS AG/London 3.800 1/2/2020 EUR 68.540
BNP Paribas Emissions- 7.500 6/27/2019 EUR 73.050
UBS AG/London 2.200 9/26/2019 EUR 74.430
BNP Paribas Emissions- 11.000 6/27/2019 EUR 50.820
BNP Paribas Emissions- 8.000 6/27/2019 EUR 49.290
BNP Paribas Emissions- 10.000 6/27/2019 EUR 49.250
BNP Paribas Emissions- 6.000 6/27/2019 EUR 53.640
BNP Paribas Emissions- 11.000 6/27/2019 EUR 64.620
BNP Paribas Emissions- 11.000 6/27/2019 EUR 66.100
BNP Paribas Emissions- 13.000 6/27/2019 EUR 68.040
BNP Paribas Emissions- 9.000 6/27/2019 EUR 71.230
BNP Paribas Emissions- 5.500 6/27/2019 EUR 65.680
BNP Paribas Emissions- 7.500 6/27/2019 EUR 60.690
BNP Paribas Emissions- 12.000 6/27/2019 EUR 73.200
Vontobel Financial Prod 6.500 12/13/2019 EUR 74.540
UBS AG/London 24.500 6/27/2019 EUR 63.900
BNP Paribas Emissions- 5.000 6/27/2019 EUR 55.500
Zurcher Kantonalbank Fi 5.750 7/12/2019 CHF 65.440
Raiffeisen Schweiz Geno 8.000 7/19/2019 CHF 64.740
Leonteq Securities AG 10.000 10/16/2019 CHF 64.790
UBS AG/London 12.250 9/27/2019 CHF 56.550
UBS AG/London 8.500 9/27/2019 CHF 57.900
Landesbank Hessen-Thuer 4.000 8/26/2020 EUR 70.600
Vontobel Financial Prod 6.000 6/28/2019 EUR 71.080
Commerzbank AG 11.500 6/28/2019 EUR 60.450
Commerzbank AG 5.000 7/26/2019 EUR 72.270
Vontobel Financial Prod 3.750 6/14/2019 EUR 56.140
Leonteq Securities AG/G 5.500 1/30/2020 CHF 65.720
HSBC Trinkaus & Burkhar 4.400 6/28/2019 EUR 68.150
HSBC Trinkaus & Burkhar 6.400 7/26/2019 EUR 65.290
HSBC Trinkaus & Burkhar 7.700 6/28/2019 EUR 63.490
UBS AG/London 5.750 1/17/2020 EUR 73.650
UniCredit Bank AG 4.130 2/13/2022 EUR 64.910
Credit Suisse AG/London 6.000 7/24/2019 CHF 74.340
UBS AG/London 7.500 6/27/2019 USD 58.510
UBS AG/London 5.750 6/29/2020 CHF 63.700
Commerzbank AG 13.000 7/26/2019 EUR 75.720
Commerzbank AG 14.500 9/27/2019 EUR 73.980
Commerzbank AG 5.750 9/27/2019 EUR 62.690
Commerzbank AG 10.250 7/26/2019 EUR 72.450
Vontobel Financial Prod 7.550 12/31/2019 EUR 72.220
DZ Bank AG Deutsche Zen 11.000 12/27/2019 EUR 73.980
DZ Bank AG Deutsche Zen 8.250 6/26/2019 EUR 71.800
Commerzbank AG 12.500 9/27/2019 EUR 75.940
Raiffeisen Switzerland 5.000 5/29/2019 EUR 50.260
Raiffeisen Centrobank A 3.729 6/25/2019 EUR 72.530
Raiffeisen Centrobank A 6.837 6/25/2019 EUR 15.300
Vontobel Financial Prod 10.500 1/3/2020 EUR 62.850
Bayerische Landesbank 3.200 7/26/2019 EUR 53.630
Vontobel Financial Prod 10.000 1/3/2020 EUR 74.180
Vontobel Financial Prod 9.000 9/27/2019 EUR 68.110
Landesbank Baden-Wuertt 4.000 6/28/2019 EUR 72.010
Landesbank Baden-Wuertt 2.500 6/28/2019 EUR 72.590
Commerzbank AG 18.750 6/28/2019 EUR 74.660
Landesbank Baden-Wuertt 3.000 6/28/2019 EUR 55.730
Landesbank Baden-Wuertt 5.000 6/28/2019 EUR 49.340
Commerzbank AG 13.250 8/23/2019 EUR 53.760
Commerzbank AG 17.250 8/23/2019 EUR 50.710
Commerzbank AG 5.500 10/25/2019 EUR 66.890
Goldman Sachs & Co Wert 3.000 6/26/2019 EUR 63.320
Goldman Sachs & Co Wert 5.000 6/26/2019 EUR 53.210
Goldman Sachs & Co Wert 12.000 6/26/2019 EUR 67.150
Goldman Sachs & Co Wert 13.000 6/26/2019 EUR 64.150
Landesbank Baden-Wuertt 3.650 11/22/2019 EUR 60.610
Commerzbank AG 14.000 6/28/2019 EUR 74.240
Vontobel Financial Prod 9.500 12/31/2019 EUR 73.400
Commerzbank AG 13.750 10/25/2019 EUR 74.820
Raiffeisen Centrobank A 1.241 6/25/2019 EUR 67.720
Raiffeisen Centrobank A 4.966 6/25/2019 EUR 68.650
Raiffeisen Centrobank A 3.972 6/25/2019 EUR 59.980
Raiffeisen Centrobank A 5.967 6/25/2019 EUR 72.350
Vontobel Financial Prod 12.500 9/27/2019 EUR 60.460
UniCredit Bank AG 5.750 7/4/2020 EUR 52.260
Raiffeisen Centrobank A 9.261 6/25/2019 EUR 61.800
HSBC Trinkaus & Burkhar 11.550 10/25/2019 EUR 54.070
Raiffeisen Centrobank A 8.193 6/25/2019 EUR 61.030
Raiffeisen Centrobank A 3.476 6/25/2019 EUR 65.490
Bank Julius Baer & Co L 13.150 12/4/2019 CHF 71.950
HSBC Trinkaus & Burkhar 11.710 6/28/2019 EUR 53.340
Raiffeisen Centrobank A 6.455 6/25/2019 EUR 64.930
Raiffeisen Centrobank A 8.441 6/25/2019 EUR 64.920
Raiffeisen Centrobank A 6.455 6/25/2019 EUR 74.640
Societe Generale SA 3.550 6/24/2019 USD 56.990
Landesbank Hessen-Thuer 5.200 9/30/2022 EUR 51.100
Vontobel Financial Prod 15.000 9/27/2019 EUR 73.890
Raiffeisen Centrobank A 8.826 6/25/2019 EUR 19.140
Raiffeisen Centrobank A 8.329 6/25/2019 EUR 18.630
Vontobel Financial Prod 13.500 1/3/2020 EUR 59.920
Vontobel Financial Prod 7.000 9/27/2019 EUR 70.700
Societe Generale SA 8.000 5/28/2027 USD 33.200
Raiffeisen Centrobank A 10.954 6/25/2019 EUR 55.850
Landesbank Baden-Wuertt 2.500 6/28/2019 EUR 40.040
Landesbank Baden-Wuertt 4.000 6/28/2019 EUR 40.690
Commerzbank AG 11.000 10/25/2019 EUR 66.960
Landesbank Baden-Wuertt 5.000 6/28/2019 EUR 59.280
Landesbank Baden-Wuertt 4.000 6/28/2019 EUR 62.930
Commerzbank AG 7.750 9/27/2019 EUR 58.660
Commerzbank AG 9.750 9/27/2019 EUR 55.580
UniCredit Bank AG 4.350 10/26/2021 EUR 60.530
Vontobel Financial Prod 4.500 6/28/2019 EUR 61.510
Vontobel Financial Prod 7.500 9/27/2019 EUR 69.490
Vontobel Financial Prod 11.500 9/27/2019 EUR 65.420
Vontobel Financial Prod 9.000 1/3/2020 EUR 68.360
Vontobel Financial Prod 7.000 1/3/2020 EUR 68.690
Vontobel Financial Prod 9.500 1/3/2020 EUR 70.790
Vontobel Financial Prod 8.500 1/3/2020 EUR 71.930
Vontobel Financial Prod 9.500 9/27/2019 EUR 70.150
Vontobel Financial Prod 7.000 9/27/2019 EUR 73.130
Vontobel Financial Prod 6.000 1/3/2020 EUR 74.170
Vontobel Financial Prod 7.000 6/28/2019 EUR 74.170
Vontobel Financial Prod 9.000 6/28/2019 EUR 70.510
Vontobel Financial Prod 11.000 6/28/2019 EUR 67.230
Vontobel Financial Prod 13.000 6/28/2019 EUR 64.290
Bank Julius Baer & Co L 8.000 7/8/2019 EUR 59.100
Vontobel Financial Prod 4.500 6/28/2019 EUR 68.260
BNP Paribas Emissions- 7.000 9/26/2019 EUR 68.420
BNP Paribas Emissions- 12.000 9/26/2019 EUR 58.440
Vontobel Financial Prod 10.550 6/28/2019 EUR 54.450
Vontobel Financial Prod 13.000 6/28/2019 EUR 51.150
HSBC Trinkaus & Burkhar 3.500 6/28/2019 EUR 61.890
HSBC Trinkaus & Burkhar 7.600 6/28/2019 EUR 50.940
HSBC Trinkaus & Burkhar 6.500 6/28/2019 EUR 68.340
HSBC Trinkaus & Burkhar 4.000 6/28/2019 EUR 49.500
BNP Paribas Emissions- 4.500 6/27/2019 EUR 69.160
BNP Paribas Emissions- 4.500 9/26/2019 EUR 69.890
BNP Paribas Emissions- 7.500 9/26/2019 EUR 64.570
BNP Paribas Emissions- 6.500 12/30/2019 EUR 65.420
BNP Paribas Emissions- 5.000 9/26/2019 EUR 68.720
BNP Paribas Emissions- 5.500 9/26/2019 EUR 68.120
BNP Paribas Emissions- 8.500 9/26/2019 EUR 63.590
BNP Paribas Emissions- 9.000 9/26/2019 EUR 63.130
HSBC Trinkaus & Burkhar 5.800 6/28/2019 EUR 74.040
HSBC Trinkaus & Burkhar 4.000 6/28/2019 EUR 43.340
Vontobel Financial Prod 8.000 6/28/2019 EUR 52.380
BNP Paribas Emissions- 8.500 6/27/2019 EUR 64.870
BNP Paribas Emissions- 11.000 9/26/2019 EUR 62.410
BNP Paribas Emissions- 7.500 12/30/2019 EUR 68.320
Vontobel Financial Prod 6.000 6/28/2019 EUR 73.100
BNP Paribas Emissions- 10.000 9/26/2019 EUR 73.950
Commerzbank AG 9.500 7/26/2019 EUR 66.650
Vontobel Financial Prod 11.000 6/28/2019 EUR 43.300
Vontobel Financial Prod 11.000 9/27/2019 EUR 74.700
BNP Paribas Emissions- 14.000 9/26/2019 EUR 52.410
BNP Paribas Emissions- 5.500 9/26/2019 EUR 67.260
BNP Paribas Emissions- 5.000 12/30/2019 EUR 69.770
BNP Paribas Emissions- 13.000 9/26/2019 EUR 57.430
DekaBank Deutsche Giroz 2.200 6/7/2019 EUR 62.540
Commerzbank AG 9.000 8/23/2019 EUR 63.500
Commerzbank AG 13.000 8/23/2019 EUR 57.910
Commerzbank AG 4.250 6/28/2019 EUR 70.900
Commerzbank AG 3.750 7/26/2019 EUR 72.980
UniCredit Bank AG 3.250 2/27/2022 EUR 62.700
EFG International Finan 12.000 10/10/2019 CHF 57.360
Bank Julius Baer & Co L 11.600 8/2/2019 USD 51.450
Bank Julius Baer & Co L 5.300 7/24/2019 CHF 61.000
Bank Julius Baer & Co L 5.800 7/24/2019 EUR 61.100
Vontobel Financial Prod 11.000 6/28/2019 EUR 63.300
Bank Julius Baer & Co L 10.000 7/24/2019 EUR 52.800
Vontobel Financial Prod 6.500 12/31/2019 EUR 69.220
Vontobel Financial Prod 2.150 6/14/2019 EUR 71.500
Deutsche Bank AG 6.200 6/25/2019 EUR 67.400
Deutsche Bank AG 6.200 12/24/2019 EUR 71.500
Deutsche Bank AG 6.200 6/25/2019 EUR 74.000
Deutsche Bank AG 6.200 6/25/2019 EUR 60.400
Deutsche Bank AG 6.200 12/24/2019 EUR 66.600
Deutsche Bank AG 6.200 6/25/2019 EUR 50.100
Deutsche Bank AG 6.200 12/24/2019 EUR 56.200
Deutsche Bank AG 6.200 12/24/2019 EUR 72.000
Deutsche Bank AG 6.200 12/24/2019 EUR 71.300
Deutsche Bank AG 6.200 6/25/2019 EUR 71.200
Deutsche Bank AG 6.200 12/24/2019 EUR 73.100
Vontobel Financial Prod 7.350 6/14/2019 EUR 71.190
Vontobel Financial Prod 6.550 6/14/2019 EUR 74.810
Deutsche Bank AG 6.200 12/24/2019 EUR 53.800
Deutsche Bank AG 5.200 6/25/2019 EUR 54.100
Deutsche Bank AG 5.200 12/24/2019 EUR 69.200
DZ Bank AG Deutsche Zen 5.400 9/23/2019 EUR 63.380
Commerzbank AG 7.000 7/26/2019 EUR 67.530
Commerzbank AG 11.000 7/26/2019 EUR 61.330
Commerzbank AG 7.750 7/26/2019 EUR 65.950
Commerzbank AG 11.750 7/26/2019 EUR 58.960
Landesbank Baden-Wuertt 2.650 1/27/2023 EUR 72.010
Commerzbank AG 5.500 6/28/2019 EUR 70.550
Commerzbank AG 10.500 7/26/2019 EUR 63.460
HSBC Trinkaus & Burkhar 7.800 6/28/2019 EUR 71.980
HSBC Trinkaus & Burkhar 6.300 8/23/2019 EUR 65.570
DekaBank Deutsche Giroz 2.900 2/14/2020 EUR 68.430
Vontobel Financial Prod 9.610 7/5/2019 EUR 61.180
Landesbank Hessen-Thuer 4.000 8/26/2020 EUR 56.600
UBS AG/London 5.000 9/27/2019 CHF 72.650
EFG International Finan 10.000 7/29/2019 CHF 51.360
UBS AG/London 11.000 1/10/2020 EUR 53.800
Landesbank Hessen-Thuer 5.200 2/23/2022 EUR 73.570
Raiffeisen Centrobank A 12.395 6/25/2019 EUR 56.150
Vontobel Financial Prod 8.500 1/3/2020 EUR 66.670
Vontobel Financial Prod 7.000 1/3/2020 EUR 72.850
Vontobel Financial Prod 9.000 6/28/2019 EUR 50.490
BNP Paribas Emissions- 10.000 9/26/2019 EUR 64.760
BNP Paribas Emissions- 7.000 12/30/2019 EUR 70.060
BNP Paribas Emissions- 13.000 6/27/2019 EUR 69.910
BNP Paribas Emissions- 8.500 9/26/2019 EUR 75.220
Vontobel Financial Prod 13.000 6/28/2019 EUR 41.020
BNP Paribas Emissions- 4.500 9/26/2019 EUR 69.310
BNP Paribas Emissions- 7.000 9/26/2019 EUR 66.090
BNP Paribas Emissions- 5.500 12/30/2019 EUR 68.890
BNP Paribas Emissions- 6.000 6/27/2019 EUR 66.570
BNP Paribas Emissions- 9.000 9/26/2019 EUR 71.750
EFG International Finan 7.200 2/8/2021 EUR 65.050
Vontobel Financial Prod 11.500 6/28/2019 EUR 65.300
Vontobel Financial Prod 9.550 9/27/2019 EUR 74.500
Vontobel Financial Prod 8.500 6/28/2019 EUR 73.710
Bank Julius Baer & Co L 5.000 8/5/2019 CHF 64.200
Leonteq Securities AG/G 10.000 2/5/2020 EUR 78.430
Vontobel Financial Prod 12.500 12/13/2019 EUR 68.160
Vontobel Financial Prod 6.500 9/13/2019 EUR 71.010
DZ Bank AG Deutsche Zen 4.250 6/26/2019 EUR 66.220
Credit Suisse AG/Nassau 8.000 9/12/2019 USD 64.330
Commerzbank AG 9.750 7/26/2019 EUR 59.960
HSBC Trinkaus & Burkhar 4.200 6/28/2019 EUR 59.180
HSBC Trinkaus & Burkhar 5.200 6/28/2019 EUR 57.570
Leonteq Securities AG/G 7.000 2/5/2020 CHF 27.340
Corner Banca SA 9.000 8/5/2019 CHF 66.390
Leonteq Securities AG 12.000 10/16/2019 CHF 56.660
Vontobel Financial Prod 9.500 6/28/2019 EUR 64.400
Vontobel Financial Prod 11.500 6/28/2019 EUR 61.590
UniCredit Bank AG 3.850 8/12/2019 EUR 63.210
Vontobel Financial Prod 5.500 1/3/2020 EUR 70.930
Bank Julius Baer & Co L 8.250 7/12/2019 USD 53.100
Vontobel Financial Prod 8.500 9/27/2019 EUR 71.680
BNP Paribas Emissions- 10.000 6/27/2019 EUR 60.760
BNP Paribas Emissions- 10.000 9/26/2019 EUR 63.060
BNP Paribas Emissions- 16.000 9/26/2019 EUR 55.370
Vontobel Financial Prod 6.500 6/28/2019 EUR 62.830
Vontobel Financial Prod 8.550 6/28/2019 EUR 58.330
HSBC Trinkaus & Burkhar 5.300 6/28/2019 EUR 54.540
HSBC Trinkaus & Burkhar 2.600 6/28/2019 EUR 61.740
HSBC Trinkaus & Burkhar 5.600 6/28/2019 EUR 57.070
HSBC Trinkaus & Burkhar 2.400 6/28/2019 EUR 54.000
BNP Paribas Emissions- 6.000 6/27/2019 EUR 65.890
BNP Paribas Emissions- 7.500 6/27/2019 EUR 62.940
BNP Paribas Emissions- 6.000 9/26/2019 EUR 67.080
BNP Paribas Emissions- 10.000 9/26/2019 EUR 61.360
BNP Paribas Emissions- 9.000 12/30/2019 EUR 62.960
BNP Paribas Emissions- 4.500 9/26/2019 EUR 69.320
BNP Paribas Emissions- 7.000 9/26/2019 EUR 65.740
BNP Paribas Emissions- 7.500 9/26/2019 EUR 64.550
Vontobel Financial Prod 3.500 6/28/2019 EUR 61.750
Vontobel Financial Prod 5.500 6/28/2019 EUR 56.610
BNP Paribas Emissions- 9.000 12/30/2019 EUR 66.360
Vontobel Financial Prod 13.550 6/28/2019 EUR 61.090
BNP Paribas Emissions- 8.000 12/30/2019 EUR 73.310
Vontobel Financial Prod 9.000 6/28/2019 EUR 45.910
BNP Paribas Emissions- 15.000 6/27/2019 EUR 71.810
BNP Paribas Emissions- 7.000 12/30/2019 EUR 71.910
BNP Paribas Emissions- 7.500 6/27/2019 EUR 39.780
BNP Paribas Emissions- 8.500 12/30/2019 EUR 40.070
Bank Julius Baer & Co L 6.150 1/10/2020 CHF 69.200
HSBC Trinkaus & Burkhar 7.000 6/28/2019 EUR 50.190
HSBC Trinkaus & Burkhar 4.700 6/28/2019 EUR 67.350
HSBC Trinkaus & Burkhar 6.100 12/27/2019 EUR 66.830
UBS AG/London 6.250 1/17/2020 CHF 45.550
Landesbank Baden-Wuertt 2.550 9/27/2019 EUR 62.200
UBS AG/London 7.250 6/27/2019 EUR 59.150
Macquarie International 11.550 8/28/2023 ZAR 19.566
DekaBank Deutsche Giroz 7.000 2/1/2021 EUR 69.150
Leonteq Securities AG 8.000 1/16/2020 CHF 73.550
Vontobel Financial Prod 11.500 9/13/2019 EUR 55.520
Leonteq Securities AG/G 10.600 1/15/2020 CHF 54.000
BNP Paribas Emissions- 4.500 6/27/2019 EUR 69.130
BNP Paribas Emissions- 9.500 6/27/2019 EUR 56.460
UBS AG/London 18.600 6/27/2019 EUR 65.730
BNP Paribas Emissions- 8.000 6/27/2019 EUR 62.940
HSBC Trinkaus & Burkhar 5.300 6/28/2019 EUR 55.110
Vontobel Financial Prod 4.050 6/28/2019 EUR 59.010
Vontobel Financial Prod 6.550 6/28/2019 EUR 54.380
BNP Paribas Emissions- 6.500 9/26/2019 EUR 70.870
BNP Paribas Emissions- 7.000 9/26/2019 EUR 68.780
Vontobel Financial Prod 7.000 6/28/2019 EUR 71.180
Vontobel Financial Prod 6.000 6/28/2019 EUR 52.540
BNP Paribas Emissions- 11.000 9/26/2019 EUR 56.420
Commerzbank AG 7.500 7/26/2019 EUR 69.780
Vontobel Financial Prod 13.000 9/27/2019 EUR 71.890
BNP Paribas Emissions- 11.000 9/26/2019 EUR 72.590
BNP Paribas Emissions- 9.500 9/26/2019 EUR 63.330
BNP Paribas Emissions- 9.000 9/26/2019 EUR 61.810
BNP Paribas Emissions- 8.000 12/30/2019 EUR 69.890
BNP Paribas Emissions- 9.000 12/30/2019 EUR 68.050
Commerzbank AG 6.750 6/28/2019 EUR 70.750
BNP Paribas Emissions- 8.000 9/26/2019 EUR 39.590
BNP Paribas Emissions- 7.000 12/30/2019 EUR 40.870
Commerzbank AG 6.250 6/28/2019 EUR 66.070
BNP Paribas Emissions- 5.500 6/27/2019 EUR 68.440
Commerzbank AG 9.250 8/23/2019 EUR 75.150
Commerzbank AG 12.250 8/23/2019 EUR 55.650
Commerzbank AG 8.000 9/27/2019 EUR 71.930
Vontobel Financial Prod 6.500 6/28/2019 EUR 70.630
EFG International Finan 9.770 5/20/2019 EUR 52.890
Credit Suisse AG/Nassau 8.500 8/2/2019 CHF 63.420
Vontobel Financial Prod 12.000 1/3/2020 EUR 63.730
Zurcher Kantonalbank Fi 5.750 1/30/2020 CHF 26.650
BNP Paribas Emissions- 6.500 6/27/2019 EUR 69.090
BNP Paribas Emissions- 8.000 6/27/2019 EUR 66.950
BNP Paribas Emissions- 13.000 6/27/2019 EUR 59.660
BNP Paribas Emissions- 5.000 9/26/2019 EUR 74.010
BNP Paribas Emissions- 5.500 12/30/2019 EUR 71.320
Landesbank Baden-Wuertt 4.350 7/24/2020 EUR 62.860
Zurcher Kantonalbank Fi 7.000 7/23/2019 EUR 55.950
BNP Paribas Emissions- 8.500 12/30/2019 EUR 71.780
Vontobel Financial Prod 5.000 6/28/2019 EUR 56.770
Vontobel Financial Prod 7.500 6/28/2019 EUR 48.900
Commerzbank AG 6.500 7/26/2019 EUR 71.710
BNP Paribas Emissions- 5.000 9/26/2019 EUR 68.260
BNP Paribas Emissions- 9.000 9/26/2019 EUR 64.150
BNP Paribas Emissions- 6.000 6/27/2019 EUR 42.950
BNP Paribas Emissions- 10.000 6/27/2019 EUR 38.080
BNP Paribas Emissions- 6.500 9/26/2019 EUR 40.980
BNP Paribas Emissions- 6.500 12/30/2019 EUR 42.470
Commerzbank AG 11.000 8/23/2019 EUR 60.580
Commerzbank AG 11.250 8/23/2019 EUR 72.130
Commerzbank AG 7.000 9/27/2019 EUR 73.260
Vontobel Financial Prod 6.000 1/3/2020 EUR 72.080
Vontobel Financial Prod 11.000 1/3/2020 EUR 66.300
Vontobel Financial Prod 10.000 1/3/2020 EUR 64.950
HSBC Trinkaus & Burkhar 5.300 6/28/2019 EUR 65.770
Norddeutsche Landesbank 5.000 5/6/2020 EUR 70.790
BNP Paribas Emissions- 5.000 6/27/2019 EUR 72.670
Vontobel Financial Prod 8.500 6/28/2019 EUR 68.520
Vontobel Financial Prod 11.000 6/28/2019 EUR 64.560
Vontobel Financial Prod 5.000 6/28/2019 EUR 56.770
Commerzbank AG 8.500 7/26/2019 EUR 68.130
BNP Paribas Emissions- 7.500 9/26/2019 EUR 64.660
Vontobel Financial Prod 11.500 1/3/2020 EUR 74.090
BNP Paribas Emissions- 8.000 9/26/2019 EUR 67.590
BNP Paribas Emissions- 5.000 9/26/2019 EUR 43.740
Commerzbank AG 5.750 7/26/2019 EUR 67.450
BNP Paribas Emissions- 4.500 6/27/2019 EUR 70.000
DekaBank Deutsche Giroz 4.900 8/21/2019 EUR 66.220
BNP Paribas Emissions- 5.000 6/27/2019 EUR 42.850
Commerzbank AG 7.000 8/23/2019 EUR 67.940
Commerzbank AG 6.000 8/23/2019 EUR 70.730
Bank Julius Baer & Co L 10.000 7/24/2019 USD 52.450
HSBC Trinkaus & Burkhar 7.500 7/26/2019 EUR 65.370
Credit Suisse AG/London 8.000 7/25/2019 USD 41.890
Zurcher Kantonalbank Fi 3.500 1/23/2020 CHF 24.810
Vontobel Financial Prod 7.500 9/27/2019 EUR 72.090
Vontobel Financial Prod 5.500 9/27/2019 EUR 71.370
Vontobel Financial Prod 7.500 12/31/2019 EUR 69.830
Vontobel Financial Prod 11.000 12/31/2019 EUR 71.960
Vontobel Financial Prod 2.100 6/14/2019 EUR 71.390
Vontobel Financial Prod 13.550 6/14/2019 EUR 72.940
Vontobel Financial Prod 3.650 6/14/2019 EUR 67.390
Vontobel Financial Prod 5.550 6/14/2019 EUR 63.780
Vontobel Financial Prod 6.450 6/14/2019 EUR 62.450
Erste Group Bank AG 6.500 7/29/2019 EUR 57.040
Deutsche Bank AG 6.200 6/25/2019 EUR 71.800
Vontobel Financial Prod 10.050 6/14/2019 EUR 67.430
Deutsche Bank AG 6.200 6/25/2019 EUR 65.700
Deutsche Bank AG 6.200 6/25/2019 EUR 50.100
Deutsche Bank AG 6.200 6/25/2019 EUR 48.700
Vontobel Financial Prod 5.450 6/14/2019 EUR 73.800
Vontobel Financial Prod 3.900 6/14/2019 EUR 74.040
Deutsche Bank AG 5.200 12/24/2019 EUR 52.000
DZ Bank AG Deutsche Zen 4.600 9/23/2019 EUR 64.230
DZ Bank AG Deutsche Zen 7.200 6/24/2019 EUR 63.460
Commerzbank AG 9.000 7/26/2019 EUR 64.090
Commerzbank AG 5.750 7/26/2019 EUR 72.170
DekaBank Deutsche Giroz 2.200 4/20/2020 EUR 69.580
Bayerische Landesbank 2.300 2/7/2020 EUR 73.330
DekaBank Deutsche Giroz 2.000 1/22/2021 EUR 74.430
DekaBank Deutsche Giroz 3.400 1/24/2020 EUR 65.720
UBS AG/London 4.000 6/27/2019 EUR 61.310
UBS AG/London 6.300 6/27/2019 EUR 65.740
UBS AG/London 7.400 6/27/2019 EUR 71.760
UBS AG/London 8.300 6/27/2019 EUR 60.770
Corner Banca SA 7.400 7/22/2020 CHF 65.800
Vontobel Financial Prod 6.900 9/13/2019 EUR 63.560
Vontobel Financial Prod 13.000 9/27/2019 EUR 67.200
Vontobel Financial Prod 12.500 1/3/2020 EUR 67.610
Vontobel Financial Prod 10.500 1/3/2020 EUR 68.880
Zurcher Kantonalbank Fi 4.500 7/11/2019 EUR 70.960
Vontobel Financial Prod 12.000 9/27/2019 EUR 57.860
Corner Banca SA 9.000 12/10/2019 CHF 73.590
Leonteq Securities AG 14.200 12/10/2019 CHF 68.450
DZ Bank AG Deutsche Zen 5.000 6/26/2019 EUR 72.070
DZ Bank AG Deutsche Zen 5.250 9/25/2019 EUR 65.740
DZ Bank AG Deutsche Zen 5.000 9/25/2019 EUR 62.410
Vontobel Financial Prod 9.000 9/27/2019 EUR 68.770
DZ Bank AG Deutsche Zen 5.700 6/26/2019 EUR 69.480
Credit Suisse AG/Nassau 8.250 7/23/2019 CHF 64.430
Leonteq Securities AG/G 10.000 1/13/2020 CHF 62.680
Vontobel Financial Prod 14.500 6/28/2019 EUR 66.950
Bank Julius Baer & Co L 6.000 10/10/2019 CHF 30.400
Leonteq Securities AG 10.200 1/8/2020 CHF 73.790
Commerzbank AG 13.250 6/28/2019 EUR 58.870
EFG International Finan 7.400 1/11/2021 USD 67.670
Credit Suisse AG/London 7.000 1/6/2020 CHF 73.370
Bank Julius Baer & Co L 8.300 7/19/2019 USD 50.850
Vontobel Financial Prod 7.500 1/3/2020 EUR 72.630
Vontobel Financial Prod 9.000 1/3/2020 EUR 70.620
Leonteq Securities AG/G 6.600 1/22/2020 EUR 59.760
Vontobel Financial Prod 8.050 9/13/2019 EUR 74.060
Vontobel Financial Prod 11.500 9/27/2019 EUR 66.220
Vontobel Financial Prod 7.000 9/27/2019 EUR 64.040
Vontobel Financial Prod 7.500 1/3/2020 EUR 63.650
DZ Bank AG Deutsche Zen 7.800 6/26/2019 EUR 68.570
Commerzbank AG 8.750 6/28/2019 EUR 63.420
Commerzbank AG 12.750 6/28/2019 EUR 57.220
Commerzbank AG 11.750 7/26/2019 EUR 67.950
Commerzbank AG 8.500 6/28/2019 EUR 62.820
Commerzbank AG 5.250 5/24/2019 EUR 59.640
Commerzbank AG 9.250 5/24/2019 EUR 53.900
Commerzbank AG 4.000 6/28/2019 EUR 68.890
Commerzbank AG 12.000 6/28/2019 EUR 53.900
Commerzbank AG 14.000 6/28/2019 EUR 51.610
Commerzbank AG 5.500 7/26/2019 EUR 64.970
Commerzbank AG 7.500 7/26/2019 EUR 60.660
Commerzbank AG 11.500 7/26/2019 EUR 54.730
Commerzbank AG 13.500 7/26/2019 EUR 52.420
Commerzbank AG 5.500 7/26/2019 EUR 40.630
Commerzbank AG 7.000 6/28/2019 EUR 72.020
Commerzbank AG 6.000 6/28/2019 EUR 39.520
Vontobel Financial Prod 13.500 9/27/2019 EUR 73.820
Bank Julius Baer & Co L 8.800 1/24/2020 EUR 56.300
Landesbank Baden-Wuertt 3.000 7/24/2020 EUR 68.000
Landesbank Baden-Wuertt 3.500 7/24/2020 EUR 65.190
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 72.440
Landesbank Baden-Wuertt 4.000 7/24/2020 EUR 69.570
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 66.680
Landesbank Baden-Wuertt 3.000 7/24/2020 EUR 65.230
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 73.680
Landesbank Baden-Wuertt 4.350 8/23/2019 EUR 68.170
Landesbank Baden-Wuertt 4.900 8/23/2019 EUR 69.340
DekaBank Deutsche Giroz 10.050 7/11/2019 EUR 42.880
Landesbank Baden-Wuertt 2.500 7/24/2020 EUR 37.730
Landesbank Baden-Wuertt 4.000 7/24/2020 EUR 75.000
Landesbank Baden-Wuertt 3.000 3/26/2021 EUR 59.840
Credit Suisse AG/London 7.000 7/25/2019 EUR 66.450
Vontobel Financial Prod 9.000 12/31/2019 EUR 70.740
Vontobel Financial Prod 4.750 6/14/2019 EUR 65.170
Vontobel Financial Prod 7.900 6/14/2019 EUR 60.580
Vontobel Financial Prod 12.300 6/14/2019 EUR 64.900
Deutsche Bank AG 6.200 12/24/2019 EUR 65.500
Vontobel Financial Prod 10.000 6/14/2019 EUR 69.640
Vontobel Financial Prod 13.900 6/14/2019 EUR 65.280
Deutsche Bank AG 6.200 6/25/2019 EUR 48.400
Deutsche Bank AG 6.200 12/24/2019 EUR 55.500
Deutsche Bank AG 6.200 12/24/2019 EUR 52.200
Deutsche Bank AG 6.200 6/25/2019 EUR 50.600
Vontobel Financial Prod 9.200 6/14/2019 EUR 67.650
Deutsche Bank AG 6.200 12/24/2019 EUR 52.500
Deutsche Bank AG 5.200 12/24/2019 EUR 66.000
Deutsche Bank AG 5.200 12/24/2019 EUR 67.000
EFG International Finan 8.400 1/10/2020 USD 56.560
UBS AG/London 5.400 1/2/2020 EUR 59.840
Vontobel Financial Prod 10.000 9/27/2019 EUR 59.510
Vontobel Financial Prod 7.000 9/27/2019 EUR 64.340
Vontobel Financial Prod 10.500 1/3/2020 EUR 60.360
Vontobel Financial Prod 6.500 1/3/2020 EUR 65.990
Leonteq Securities AG/G 13.000 12/10/2019 USD 66.160
Leonteq Securities AG 12.600 12/10/2019 CHF 60.640
Vontobel Financial Prod 11.500 1/3/2020 EUR 59.890
Raiffeisen Schweiz Geno 8.000 7/19/2019 CHF 48.010
Commerzbank AG 14.500 7/26/2019 EUR 72.740
Commerzbank AG 8.750 6/28/2019 EUR 63.410
Commerzbank AG 10.000 6/28/2019 EUR 70.900
Credit Suisse AG/London 7.000 7/10/2019 CHF 66.590
UniCredit Bank AG 4.400 2/12/2021 EUR 60.770
Landesbank Baden-Wuertt 2.000 7/24/2020 EUR 72.030
Landesbank Baden-Wuertt 5.500 7/24/2020 EUR 66.660
Zurcher Kantonalbank Fi 6.400 7/18/2019 CHF 73.020
Landesbank Baden-Wuertt 2.000 7/24/2020 EUR 70.590
Vontobel Financial Prod 12.000 1/3/2020 EUR 66.170
Vontobel Financial Prod 10.000 9/27/2019 EUR 60.410
Vontobel Financial Prod 8.500 9/27/2019 EUR 62.140
Vontobel Financial Prod 14.000 1/3/2020 EUR 57.940
Raiffeisen Schweiz Geno 5.500 1/22/2020 CHF 67.540
Commerzbank AG 12.000 6/28/2019 EUR 67.410
Commerzbank AG 8.500 6/28/2019 EUR 65.520
Commerzbank AG 10.750 6/28/2019 EUR 60.660
Commerzbank AG 3.250 5/24/2019 EUR 64.200
Commerzbank AG 7.250 5/24/2019 EUR 56.440
Commerzbank AG 10.250 5/24/2019 EUR 67.390
Commerzbank AG 10.000 6/28/2019 EUR 56.400
Commerzbank AG 3.500 7/26/2019 EUR 71.240
Commerzbank AG 9.500 7/26/2019 EUR 57.390
Commerzbank AG 8.000 6/28/2019 EUR 37.090
Commerzbank AG 12.000 6/28/2019 EUR 33.840
Commerzbank AG 9.500 7/26/2019 EUR 36.060
Commerzbank AG 6.000 6/28/2019 EUR 73.930
Commerzbank AG 8.250 6/28/2019 EUR 62.420
Commerzbank AG 4.000 6/28/2019 EUR 42.990
Vontobel Financial Prod 7.300 6/27/2019 EUR 43.520
Leonteq Securities AG/G 8.000 1/17/2020 CHF 53.880
Landesbank Baden-Wuertt 4.000 7/24/2020 EUR 68.820
UniCredit Bank AG 5.000 2/12/2021 EUR 66.780
Landesbank Baden-Wuertt 4.000 7/24/2020 EUR 65.820
Landesbank Baden-Wuertt 3.500 7/24/2020 EUR 72.440
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 72.500
UniCredit Bank AG 4.550 2/12/2021 EUR 69.380
Landesbank Baden-Wuertt 3.000 3/26/2021 EUR 73.830
Landesbank Baden-Wuertt 3.600 10/25/2019 EUR 58.760
Raiffeisen Schweiz Geno 7.200 3/10/2020 CHF 71.570
Vontobel Financial Prod 5.100 9/13/2019 EUR 70.540
Vontobel Financial Prod 9.000 1/3/2020 EUR 61.920
Vontobel Financial Prod 7.500 1/3/2020 EUR 63.690
Vontobel Financial Prod 7.000 1/3/2020 EUR 71.430
Bank Julius Baer & Co L 7.200 9/6/2019 EUR 68.650
DZ Bank AG Deutsche Zen 5.250 6/26/2019 EUR 64.460
DZ Bank AG Deutsche Zen 6.800 6/26/2019 EUR 65.310
Vontobel Financial Prod 4.500 1/3/2020 EUR 69.500
Vontobel Financial Prod 11.500 9/27/2019 EUR 58.860
DZ Bank AG Deutsche Zen 8.000 6/26/2019 EUR 60.660
Raiffeisen Schweiz Geno 6.450 1/22/2020 CHF 65.240
Commerzbank AG 15.500 5/24/2019 EUR 63.360
Landesbank Baden-Wuertt 3.000 7/24/2020 EUR 71.940
Landesbank Baden-Wuertt 3.000 7/24/2020 EUR 71.780
UniCredit Bank AG 5.900 2/12/2021 EUR 68.050
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 63.860
Landesbank Baden-Wuertt 2.000 7/24/2020 EUR 68.220
Landesbank Baden-Wuertt 6.500 7/24/2020 EUR 69.980
Landesbank Baden-Wuertt 3.500 7/24/2020 EUR 71.590
Landesbank Baden-Wuertt 4.000 7/24/2020 EUR 35.670
Landesbank Baden-Wuertt 2.700 6/25/2021 EUR 65.550
Vontobel Financial Prod 15.050 9/13/2019 EUR 63.260
Natixis SA 2.500 7/12/2021 EUR 70.218
UBS AG/London 7.300 6/27/2019 EUR 63.150
Vontobel Financial Prod 10.500 9/27/2019 EUR 69.070
Corner Banca SA 11.000 3/10/2020 CHF 68.440
DZ Bank AG Deutsche Zen 7.100 6/26/2019 EUR 63.490
Raiffeisen Schweiz Geno 7.450 7/19/2019 CHF 66.930
Commerzbank AG 12.500 5/24/2019 EUR 72.350
Commerzbank AG 8.000 6/28/2019 EUR 70.380
Commerzbank AG 10.750 6/28/2019 EUR 60.010
Commerzbank AG 4.750 6/28/2019 EUR 71.100
Commerzbank AG 9.750 7/26/2019 EUR 71.510
Commerzbank AG 9.500 6/28/2019 EUR 64.180
Commerzbank AG 10.500 6/28/2019 EUR 60.110
Commerzbank AG 11.250 5/24/2019 EUR 51.840
Commerzbank AG 8.250 5/24/2019 EUR 70.900
Commerzbank AG 15.250 6/28/2019 EUR 71.850
Commerzbank AG 6.000 6/28/2019 EUR 63.440
Commerzbank AG 8.000 6/28/2019 EUR 59.480
Commerzbank AG 10.000 6/28/2019 EUR 35.240
Commerzbank AG 3.500 7/26/2019 EUR 44.560
Commerzbank AG 7.500 7/26/2019 EUR 37.970
Commerzbank AG 11.500 7/26/2019 EUR 34.660
Raiffeisen Schweiz Geno 10.020 1/15/2020 EUR 58.750
Credit Suisse AG/Nassau 6.000 7/12/2019 CHF 51.660
Commerzbank AG 10.250 8/23/2019 EUR 57.570
Zurcher Kantonalbank Fi 8.500 6/12/2019 EUR 62.150
Vontobel Financial Prod 7.300 6/14/2019 EUR 47.520
Vontobel Financial Prod 12.400 6/14/2019 EUR 43.560
Vontobel Financial Prod 6.200 6/14/2019 EUR 67.850
Vontobel Financial Prod 11.550 6/14/2019 EUR 52.940
DZ Bank AG Deutsche Zen 6.000 6/26/2019 EUR 69.450
Vontobel Financial Prod 5.950 6/14/2019 EUR 46.410
Bank Julius Baer & Co L 10.000 6/5/2019 USD 74.150
Vontobel Financial Prod 4.250 6/14/2019 EUR 73.770
Vontobel Financial Prod 8.350 6/14/2019 EUR 64.440
Vontobel Financial Prod 6.850 6/14/2019 EUR 73.120
Vontobel Financial Prod 4.200 6/14/2019 EUR 51.510
UBS AG/London 5.000 11/22/2019 EUR 60.950
UBS AG/London 5.750 11/23/2020 CHF 65.450
UBS AG/London 6.500 12/7/2020 EUR 68.300
Deutsche Bank AG 7.200 6/25/2019 EUR 74.600
Deutsche Bank AG 7.200 6/25/2019 EUR 71.300
Deutsche Bank AG 7.200 12/24/2019 EUR 74.700
Samaratransneft-Termina 10.000 3/20/2023 RUB 3.010
Credit Suisse AG/Nassau 9.250 6/14/2019 EUR 51.420
UniCredit Bank AG 6.300 3/26/2021 EUR 62.920
Bank Julius Baer & Co L 10.500 9/3/2019 EUR 50.950
Deutsche Bank AG 7.200 6/25/2019 EUR 72.800
Deutsche Bank AG 7.200 6/25/2019 EUR 66.600
Deutsche Bank AG 7.200 6/25/2019 EUR 59.800
UniCredit Bank AG 4.750 3/26/2021 EUR 72.410
UniCredit Bank AG 5.550 3/26/2021 EUR 65.490
UniCredit Bank AG 4.600 3/26/2021 EUR 61.110
Deutsche Bank AG 7.200 6/25/2019 EUR 65.700
Deutsche Bank AG 7.200 6/25/2019 EUR 63.000
Deutsche Bank AG 7.200 12/24/2019 EUR 68.700
Deutsche Bank AG 7.200 12/24/2019 EUR 66.200
Deutsche Bank AG 7.200 6/25/2019 EUR 63.500
Deutsche Bank AG 7.200 6/25/2019 EUR 62.000
Deutsche Bank AG 7.200 6/25/2019 EUR 60.600
Deutsche Bank AG 7.200 6/25/2019 EUR 59.200
Deutsche Bank AG 7.200 6/25/2019 EUR 57.900
Deutsche Bank AG 7.200 6/25/2019 EUR 56.700
Deutsche Bank AG 7.200 12/24/2019 EUR 67.100
Deutsche Bank AG 7.200 12/24/2019 EUR 65.600
Deutsche Bank AG 7.200 12/24/2019 EUR 64.200
Deutsche Bank AG 7.200 12/24/2019 EUR 62.900
Deutsche Bank AG 7.200 12/24/2019 EUR 61.600
Deutsche Bank AG 7.200 12/24/2019 EUR 60.300
Vontobel Financial Prod 6.700 3/7/2022 EUR 63.740
Deutsche Bank AG 7.200 6/25/2019 EUR 72.900
Deutsche Bank AG 7.200 6/25/2019 EUR 56.600
Deutsche Bank AG 7.200 12/24/2019 EUR 60.100
Deutsche Bank AG 7.200 6/25/2019 EUR 73.600
Deutsche Bank AG 7.200 6/25/2019 EUR 70.800
Deutsche Bank AG 7.200 6/25/2019 EUR 68.200
Deutsche Bank AG 7.200 12/24/2019 EUR 74.300
Deutsche Bank AG 7.200 12/24/2019 EUR 71.700
Deutsche Bank AG 7.200 6/25/2019 EUR 63.200
Deutsche Bank AG 7.200 6/25/2019 EUR 60.200
Deutsche Bank AG 7.200 6/25/2019 EUR 57.500
Deutsche Bank AG 7.200 12/24/2019 EUR 65.700
Deutsche Bank AG 7.200 12/24/2019 EUR 63.000
Deutsche Bank AG 7.200 12/24/2019 EUR 60.500
Deutsche Bank AG 7.200 6/25/2019 EUR 50.300
Deutsche Bank AG 7.200 6/25/2019 EUR 48.600
Deutsche Bank AG 7.200 6/25/2019 EUR 45.600
Deutsche Bank AG 7.200 12/24/2019 EUR 53.500
Deutsche Bank AG 7.200 12/24/2019 EUR 51.900
Deutsche Bank AG 7.200 12/24/2019 EUR 48.900
UniCredit Bank AG 4.250 3/29/2021 EUR 65.180
UniCredit Bank AG 3.250 3/29/2022 EUR 35.490
UniCredit Bank AG 3.750 3/26/2022 EUR 70.720
Bank Julius Baer & Co L 9.500 6/7/2019 CHF 73.600
UniCredit Bank AG 3.630 3/12/2020 EUR 65.950
UBS AG/London 12.000 3/9/2020 CHF 47.700
UBS AG/London 9.750 3/9/2020 EUR 57.450
UBS AG/London 7.500 9/9/2019 CHF 59.750
UBS AG/London 7.250 9/9/2019 CHF 69.600
UBS AG/London 5.750 9/9/2019 CHF 72.500
EFG International Finan 6.800 3/22/2021 EUR 70.870
Deutsche Bank AG 6.200 6/25/2019 EUR 72.700
Deutsche Bank AG 4.200 9/24/2019 EUR 63.600
Deutsche Bank AG 6.200 9/24/2019 EUR 64.300
Deutsche Bank AG 6.200 9/24/2019 EUR 61.900
Deutsche Bank AG 4.200 9/24/2019 EUR 61.100
Deutsche Bank AG 4.200 9/24/2019 EUR 58.900
Deutsche Bank AG 6.200 9/24/2019 EUR 59.600
Deutsche Bank AG 4.200 12/24/2019 EUR 67.900
Deutsche Bank AG 6.200 12/24/2019 EUR 69.100
Deutsche Bank AG 4.200 12/24/2019 EUR 65.400
Deutsche Bank AG 4.200 12/24/2019 EUR 63.000
Deutsche Bank AG 4.200 12/24/2019 EUR 60.800
Deutsche Bank AG 6.200 6/25/2019 EUR 65.600
Deutsche Bank AG 4.200 6/25/2019 EUR 62.700
Deutsche Bank AG 4.200 6/25/2019 EUR 60.200
Deutsche Bank AG 4.200 6/25/2019 EUR 57.900
Deutsche Bank AG 6.200 9/24/2019 EUR 66.900
Deutsche Bank AG 4.200 9/24/2019 EUR 66.200
Deutsche Bank AG 6.200 6/25/2019 EUR 56.400
Deutsche Bank AG 6.200 6/25/2019 EUR 52.900
Deutsche Bank AG 6.200 6/25/2019 EUR 71.500
Deutsche Bank AG 6.200 6/25/2019 EUR 65.900
Deutsche Bank AG 6.200 6/25/2019 EUR 75.100
Deutsche Bank AG 6.200 6/25/2019 EUR 55.700
Deutsche Bank AG 6.200 6/25/2019 EUR 65.000
Deutsche Bank AG 6.200 6/25/2019 EUR 61.900
Deutsche Bank AG 6.200 6/25/2019 EUR 59.100
Deutsche Bank AG 4.200 6/25/2019 EUR 58.900
Deutsche Bank AG 6.200 6/25/2019 EUR 56.600
Deutsche Bank AG 4.200 6/25/2019 EUR 56.400
Deutsche Bank AG 4.200 9/24/2019 EUR 65.800
Deutsche Bank AG 6.200 9/24/2019 EUR 66.500
Deutsche Bank AG 6.200 9/24/2019 EUR 63.500
Deutsche Bank AG 4.200 9/24/2019 EUR 62.800
Deutsche Bank AG 6.200 9/24/2019 EUR 60.700
Deutsche Bank AG 4.200 9/24/2019 EUR 60.000
Deutsche Bank AG 4.200 9/24/2019 EUR 57.400
Deutsche Bank AG 6.200 9/24/2019 EUR 58.100
Deutsche Bank AG 4.200 12/24/2019 EUR 67.800
Deutsche Bank AG 6.200 12/24/2019 EUR 69.000
Deutsche Bank AG 6.200 12/24/2019 EUR 66.000
Deutsche Bank AG 4.200 12/24/2019 EUR 64.800
Deutsche Bank AG 6.200 12/24/2019 EUR 63.200
Deutsche Bank AG 4.200 12/24/2019 EUR 62.000
Deutsche Bank AG 6.200 12/24/2019 EUR 60.700
Deutsche Bank AG 4.200 12/24/2019 EUR 59.500
Deutsche Bank AG 4.200 9/24/2019 EUR 73.600
Deutsche Bank AG 4.200 6/25/2019 EUR 48.300
Deutsche Bank AG 6.200 6/25/2019 EUR 45.500
Deutsche Bank AG 4.200 6/25/2019 EUR 45.300
Deutsche Bank AG 6.200 9/24/2019 EUR 49.800
Deutsche Bank AG 4.200 9/24/2019 EUR 49.100
Deutsche Bank AG 6.200 9/24/2019 EUR 46.800
Deutsche Bank AG 4.200 9/24/2019 EUR 46.100
Deutsche Bank AG 4.200 12/24/2019 EUR 51.100
Deutsche Bank AG 4.200 12/24/2019 EUR 48.100
Deutsche Bank AG 6.200 12/24/2019 EUR 49.300
Deutsche Bank AG 6.200 6/25/2019 EUR 60.100
Deutsche Bank AG 4.200 9/24/2019 EUR 63.300
Deutsche Bank AG 6.200 9/24/2019 EUR 64.100
Deutsche Bank AG 6.200 9/24/2019 EUR 61.300
Deutsche Bank AG 4.200 9/24/2019 EUR 60.500
Deutsche Bank AG 4.200 9/24/2019 EUR 58.000
Deutsche Bank AG 4.200 12/24/2019 EUR 64.900
Deutsche Bank AG 6.200 12/24/2019 EUR 66.100
Deutsche Bank AG 4.200 12/24/2019 EUR 62.200
Deutsche Bank AG 6.200 12/24/2019 EUR 63.400
Deutsche Bank AG 4.200 12/24/2019 EUR 59.700
Deutsche Bank AG 6.200 6/25/2019 EUR 30.300
Deutsche Bank AG 6.200 6/25/2019 EUR 27.600
Deutsche Bank AG 6.200 6/25/2019 EUR 49.100
Deutsche Bank AG 6.200 6/25/2019 EUR 45.400
Deutsche Bank AG 6.200 9/24/2019 EUR 75.000
Deutsche Bank AG 4.200 6/25/2019 EUR 66.200
Deutsche Bank AG 4.200 6/25/2019 EUR 61.400
Deutsche Bank AG 4.200 9/24/2019 EUR 67.200
Deutsche Bank AG 6.200 6/25/2019 EUR 61.600
Deutsche Bank AG 4.200 9/24/2019 EUR 73.500
Deutsche Bank AG 6.200 6/25/2019 EUR 56.800
Deutsche Bank AG 4.200 9/24/2019 EUR 72.000
Deutsche Bank AG 4.200 12/24/2019 EUR 73.800
Deutsche Bank AG 4.200 9/24/2019 EUR 62.400
Deutsche Bank AG 6.200 6/25/2019 EUR 73.500
Deutsche Bank AG 4.200 9/24/2019 EUR 74.300
Vontobel Financial Prod 11.000 6/28/2019 EUR 64.410
Vontobel Financial Prod 8.550 6/28/2019 EUR 64.150
Vontobel Financial Prod 6.000 6/28/2019 EUR 63.890
Vontobel Financial Prod 3.000 6/28/2019 EUR 52.880
Vontobel Financial Prod 7.000 6/28/2019 EUR 53.290
Vontobel Financial Prod 9.000 6/28/2019 EUR 53.500
Vontobel Financial Prod 10.550 6/28/2019 EUR 53.660
Leonteq Securities AG/G 20.000 6/19/2019 USD 40.100
EFG International Finan 11.000 3/16/2020 USD 73.350
Corner Banca SA 15.000 9/16/2019 CHF 43.340
Leonteq Securities AG/G 10.000 6/19/2019 EUR 53.530
HSBC Trinkaus & Burkhar 5.100 6/28/2019 EUR 59.930
HSBC Trinkaus & Burkhar 2.100 6/28/2019 EUR 70.740
HSBC Trinkaus & Burkhar 4.300 6/28/2019 EUR 50.730
Vontobel Financial Prod 12.000 6/28/2019 EUR 58.120
Leonteq Securities AG/G 7.400 9/9/2020 CHF 71.810
Leonteq Securities AG/G 11.000 9/9/2019 CHF 58.930
Leonteq Securities AG/G 9.000 9/9/2019 CHF 28.210
Landesbank Hessen-Thuer 4.000 7/12/2019 EUR 65.800
Raiffeisen Schweiz Geno 7.500 9/16/2019 CHF 39.500
Credit Suisse AG/London 5.750 9/19/2019 EUR 73.640
Commerzbank AG 2.450 3/9/2020 EUR 65.890
Raiffeisen Schweiz Geno 11.420 9/12/2019 CHF 44.970
Credit Suisse AG/Nassau 8.250 9/23/2019 EUR 62.340
Bank Julius Baer & Co L 7.850 6/20/2019 CHF 29.250
DZ Bank AG Deutsche Zen 5.000 6/26/2019 EUR 62.180
Leonteq Securities AG 11.000 6/27/2019 CHF 39.550
Leonteq Securities AG/G 10.000 9/12/2019 CHF 43.810
Credit Suisse AG/London 9.000 3/19/2021 USD 9.157
UBS AG/London 9.750 9/16/2019 CHF 70.750
UBS AG/London 12.500 3/16/2020 CHF 46.450
UBS AG/London 10.250 3/16/2020 USD 74.100
UBS AG/London 12.250 9/16/2019 CHF 70.500
UBS AG/London 9.000 9/16/2019 CHF 72.900
UBS AG/London 7.500 3/16/2020 EUR 64.850
EFG International Finan 7.400 3/29/2021 EUR 68.870
Leonteq Securities AG/G 9.000 3/16/2020 CHF 56.040
Landesbank Hessen-Thuer 4.000 7/19/2019 EUR 63.300
Credit Suisse AG/Nassau 10.250 6/24/2019 EUR 52.670
BNP Paribas Emissions- 10.000 6/27/2019 EUR 69.350
BNP Paribas Emissions- 12.000 6/27/2019 EUR 70.980
BNP Paribas Emissions- 19.000 6/27/2019 EUR 64.240
BNP Paribas Emissions- 13.000 6/27/2019 EUR 60.000
BNP Paribas Emissions- 5.500 6/27/2019 EUR 60.180
BNP Paribas Emissions- 6.000 6/27/2019 EUR 59.440
BNP Paribas Emissions- 6.500 6/27/2019 EUR 58.710
BNP Paribas Emissions- 7.500 6/27/2019 EUR 57.330
BNP Paribas Emissions- 8.000 6/27/2019 EUR 55.960
BNP Paribas Emissions- 8.500 6/27/2019 EUR 54.670
BNP Paribas Emissions- 9.500 6/27/2019 EUR 53.490
BNP Paribas Emissions- 10.000 6/27/2019 EUR 52.920
BNP Paribas Emissions- 11.000 6/27/2019 EUR 51.250
BNP Paribas Emissions- 12.000 6/27/2019 EUR 50.240
BNP Paribas Emissions- 5.500 6/27/2019 EUR 72.850
BNP Paribas Emissions- 6.000 6/27/2019 EUR 70.030
BNP Paribas Emissions- 7.500 6/27/2019 EUR 67.520
BNP Paribas Emissions- 8.000 6/27/2019 EUR 65.910
BNP Paribas Emissions- 8.500 6/27/2019 EUR 64.380
BNP Paribas Emissions- 8.500 6/27/2019 EUR 74.330
BNP Paribas Emissions- 9.500 6/27/2019 EUR 72.280
BNP Paribas Emissions- 7.000 6/27/2019 EUR 69.670
BNP Paribas Emissions- 10.000 6/27/2019 EUR 65.390
BNP Paribas Emissions- 7.000 6/27/2019 EUR 63.580
BNP Paribas Emissions- 8.000 6/27/2019 EUR 59.780
BNP Paribas Emissions- 11.000 6/27/2019 EUR 69.890
BNP Paribas Emissions- 7.000 6/27/2019 EUR 46.860
BNP Paribas Emissions- 8.000 6/27/2019 EUR 43.690
BNP Paribas Emissions- 13.000 6/27/2019 EUR 38.870
BNP Paribas Emissions- 13.000 6/27/2019 EUR 49.270
BNP Paribas Emissions- 14.000 6/27/2019 EUR 47.850
BNP Paribas Emissions- 7.000 6/27/2019 EUR 30.540
BNP Paribas Emissions- 8.500 6/27/2019 EUR 29.560
BNP Paribas Emissions- 10.000 6/27/2019 EUR 28.160
BNP Paribas Emissions- 14.000 6/27/2019 EUR 69.840
BNP Paribas Emissions- 13.000 6/27/2019 EUR 70.150
BNP Paribas Emissions- 16.000 6/27/2019 EUR 50.060
BNP Paribas Emissions- 9.000 6/27/2019 EUR 73.000
BNP Paribas Emissions- 11.000 6/27/2019 EUR 68.400
BNP Paribas Emissions- 4.500 6/27/2019 EUR 68.990
BNP Paribas Emissions- 6.500 6/27/2019 EUR 64.780
BNP Paribas Emissions- 8.000 6/27/2019 EUR 61.970
BNP Paribas Emissions- 9.500 6/27/2019 EUR 59.420
BNP Paribas Emissions- 9.000 6/27/2019 EUR 62.200
BNP Paribas Emissions- 11.000 6/27/2019 EUR 60.320
BNP Paribas Emissions- 11.000 6/27/2019 EUR 73.310
BNP Paribas Emissions- 12.000 6/27/2019 EUR 71.800
BNP Paribas Emissions- 13.000 6/27/2019 EUR 70.370
BNP Paribas Emissions- 10.000 6/27/2019 EUR 58.000
BNP Paribas Emissions- 5.000 6/27/2019 EUR 65.420
BNP Paribas Emissions- 9.000 6/27/2019 EUR 61.340
BNP Paribas Emissions- 13.000 6/27/2019 EUR 55.100
BNP Paribas Emissions- 7.000 6/27/2019 EUR 49.560
BNP Paribas Emissions- 8.000 6/27/2019 EUR 74.070
BNP Paribas Emissions- 9.000 6/27/2019 EUR 60.950
BNP Paribas Emissions- 10.000 6/27/2019 EUR 58.650
BNP Paribas Emissions- 15.000 6/27/2019 EUR 51.200
BNP Paribas Emissions- 16.000 6/27/2019 EUR 49.650
BNP Paribas Emissions- 12.000 6/27/2019 EUR 73.610
BNP Paribas Emissions- 13.000 6/27/2019 EUR 71.780
BNP Paribas Emissions- 5.500 6/27/2019 EUR 66.490
BNP Paribas Emissions- 7.000 6/27/2019 EUR 63.370
BNP Paribas Emissions- 8.500 6/27/2019 EUR 60.550
BNP Paribas Emissions- 6.000 6/27/2019 EUR 71.550
Vontobel Financial Prod 9.500 6/28/2019 EUR 52.390
Vontobel Financial Prod 8.000 6/28/2019 EUR 52.240
Vontobel Financial Prod 6.550 6/28/2019 EUR 52.090
Vontobel Financial Prod 5.000 6/28/2019 EUR 51.930
Vontobel Financial Prod 7.000 6/28/2019 EUR 63.850
Vontobel Financial Prod 9.500 6/28/2019 EUR 45.960
Vontobel Financial Prod 7.000 6/28/2019 EUR 45.700
Vontobel Financial Prod 4.050 6/28/2019 EUR 45.390
Raiffeisen Schweiz Geno 5.250 9/23/2019 CHF 62.870
Vontobel Financial Prod 7.550 6/28/2019 EUR 62.810
Vontobel Financial Prod 4.500 6/28/2019 EUR 62.500
Raiffeisen Schweiz Geno 10.000 9/23/2019 CHF 41.720
Leonteq Securities AG 14.200 6/26/2019 CHF 39.630
Leonteq Securities AG 10.000 6/26/2019 CHF 38.180
Leonteq Securities AG 10.000 6/26/2019 CHF 69.920
UniCredit Bank AG 4.850 11/1/2020 EUR 60.010
Vontobel Financial Prod 10.000 8/23/2019 EUR 69.890
UniCredit Bank AG 10.600 1/3/2020 EUR 68.110
UniCredit Bank AG 10.400 6/28/2019 EUR 67.910
UniCredit Bank AG 11.900 1/3/2020 EUR 73.490
UniCredit Bank AG 8.700 1/3/2020 EUR 72.660
UniCredit Bank AG 7.500 1/3/2020 EUR 55.810
UniCredit Bank AG 6.300 1/3/2020 EUR 66.810
UniCredit Bank AG 7.300 1/3/2020 EUR 52.420
Bayerische Landesbank 4.800 9/13/2019 EUR 67.700
UniCredit Bank AG 6.000 1/3/2020 EUR 55.000
UniCredit Bank AG 6.800 1/3/2020 EUR 48.780
UniCredit Bank AG 5.900 1/3/2020 EUR 62.440
UniCredit Bank AG 5.000 1/3/2020 EUR 6.681
UniCredit Bank AG 8.600 1/3/2020 EUR 55.640
UniCredit Bank AG 13.700 1/3/2020 EUR 60.650
UniCredit Bank AG 5.100 1/3/2020 EUR 72.110
UniCredit Bank AG 3.200 1/3/2020 EUR 63.380
Vontobel Financial Prod 6.500 9/27/2019 EUR 66.550
UniCredit Bank AG 11.600 1/3/2020 EUR 69.580
UniCredit Bank AG 9.800 1/3/2020 EUR 73.770
UniCredit Bank AG 5.200 1/3/2020 EUR 73.570
UniCredit Bank AG 7.200 1/3/2020 EUR 64.360
Commerzbank AG 8.500 6/28/2019 EUR 71.860
Commerzbank AG 9.000 5/24/2019 EUR 70.420
Commerzbank AG 17.000 5/24/2019 EUR 59.420
Commerzbank AG 16.750 6/28/2019 EUR 65.410
UniCredit Bank AG 6.800 1/3/2020 EUR 58.650
UniCredit Bank AG 15.000 6/28/2019 EUR 51.430
Commerzbank AG 8.250 6/28/2019 EUR 67.360
Commerzbank AG 12.250 6/28/2019 EUR 60.580
Commerzbank AG 16.250 6/28/2019 EUR 56.170
Commerzbank AG 7.500 7/26/2019 EUR 69.090
Commerzbank AG 9.500 7/26/2019 EUR 64.970
Commerzbank AG 13.500 7/26/2019 EUR 59.380
Commerzbank AG 13.000 7/26/2019 EUR 69.030
UniCredit Bank AG 5.600 6/28/2019 EUR 54.230
UniCredit Bank AG 9.800 6/28/2019 EUR 74.110
UniCredit Bank AG 11.200 6/28/2019 EUR 50.070
UniCredit Bank AG 7.800 6/28/2019 EUR 70.230
UniCredit Bank AG 4.200 6/28/2019 EUR 71.880
Commerzbank AG 10.000 7/26/2019 EUR 69.960
UniCredit Bank AG 14.800 6/28/2019 EUR 49.250
UniCredit Bank AG 11.600 6/28/2019 EUR 71.310
UniCredit Bank AG 12.600 6/28/2019 EUR 71.390
UniCredit Bank AG 3.900 6/28/2019 EUR 35.410
UniCredit Bank AG 6.200 6/28/2019 EUR 66.410
UniCredit Bank AG 5.700 6/28/2019 EUR 72.700
UniCredit Bank AG 8.700 1/3/2020 EUR 68.800
UniCredit Bank AG 8.400 1/3/2020 EUR 68.190
UniCredit Bank AG 12.900 1/3/2020 EUR 68.790
UniCredit Bank AG 13.000 1/3/2020 EUR 39.590
UniCredit Bank AG 4.000 1/3/2020 EUR 57.790
UniCredit Bank AG 8.800 1/3/2020 EUR 44.260
UniCredit Bank AG 9.900 1/3/2020 EUR 66.930
UniCredit Bank AG 8.100 1/3/2020 EUR 70.040
UniCredit Bank AG 8.600 1/3/2020 EUR 42.060
UniCredit Bank AG 3.500 1/3/2020 EUR 69.140
UniCredit Bank AG 5.300 1/3/2020 EUR 61.390
UniCredit Bank AG 4.700 1/3/2020 EUR 71.660
UniCredit Bank AG 3.200 1/3/2020 EUR 56.960
UniCredit Bank AG 6.700 1/3/2020 EUR 68.710
UniCredit Bank AG 6.600 1/3/2020 EUR 60.360
UniCredit Bank AG 5.700 1/3/2020 EUR 72.560
UniCredit Bank AG 12.900 1/3/2020 EUR 55.630
UniCredit Bank AG 10.900 1/3/2020 EUR 59.440
UniCredit Bank AG 12.500 1/3/2020 EUR 48.620
UniCredit Bank AG 10.600 1/3/2020 EUR 75.630
UniCredit Bank AG 5.300 1/3/2020 EUR 74.380
UniCredit Bank AG 11.600 1/3/2020 EUR 60.800
UniCredit Bank AG 7.500 1/3/2020 EUR 58.670
UniCredit Bank AG 4.400 1/3/2020 EUR 67.040
UniCredit Bank AG 10.200 1/3/2020 EUR 63.130
UniCredit Bank AG 8.100 6/28/2019 EUR 69.760
UniCredit Bank AG 8.500 6/28/2019 EUR 70.980
UniCredit Bank AG 3.200 6/28/2019 EUR 61.950
UniCredit Bank AG 9.400 6/28/2019 EUR 67.030
UniCredit Bank AG 3.500 6/28/2019 EUR 59.600
UniCredit Bank AG 7.900 6/28/2019 EUR 44.740
UniCredit Bank AG 4.400 6/28/2019 EUR 64.340
UniCredit Bank AG 6.300 6/28/2019 EUR 73.580
UniCredit Bank AG 8.300 6/28/2019 EUR 67.170
UniCredit Bank AG 4.800 6/28/2019 EUR 47.820
UniCredit Bank AG 6.600 6/28/2019 EUR 43.450
UniCredit Bank AG 12.300 6/28/2019 EUR 60.290
UniCredit Bank AG 13.500 6/28/2019 EUR 41.340
UniCredit Bank AG 5.000 6/28/2019 EUR 64.470
UniCredit Bank AG 13.200 6/28/2019 EUR 3.790
Landesbank Baden-Wuertt 3.000 12/29/2020 EUR 54.000
Landesbank Baden-Wuertt 3.600 12/29/2020 EUR 73.810
Landesbank Baden-Wuertt 4.400 12/29/2020 EUR 57.690
Vontobel Financial Prod 14.500 6/28/2019 EUR 65.800
Vontobel Financial Prod 22.500 6/28/2019 EUR 58.570
Vontobel Financial Prod 12.000 6/28/2019 EUR 68.660
Vontobel Financial Prod 10.000 6/28/2019 EUR 65.190
Vontobel Financial Prod 5.500 6/28/2019 EUR 71.760
Vontobel Financial Prod 13.500 6/28/2019 EUR 61.030
Vontobel Financial Prod 19.000 6/28/2019 EUR 56.430
Vontobel Financial Prod 16.500 6/28/2019 EUR 58.640
Vontobel Financial Prod 11.000 6/28/2019 EUR 63.720
Vontobel Financial Prod 7.000 9/27/2019 EUR 69.020
Vontobel Financial Prod 16.000 9/27/2019 EUR 59.840
Vontobel Financial Prod 7.000 9/27/2019 EUR 74.020
Vontobel Financial Prod 8.000 9/27/2019 EUR 72.450
Vontobel Financial Prod 12.500 9/27/2019 EUR 67.270
Vontobel Financial Prod 14.000 6/28/2019 EUR 72.610
Vontobel Financial Prod 8.000 6/28/2019 EUR 70.430
Vontobel Financial Prod 7.000 6/28/2019 EUR 72.070
Vontobel Financial Prod 5.000 9/27/2019 EUR 74.660
Vontobel Financial Prod 7.000 9/27/2019 EUR 71.890
Vontobel Financial Prod 9.000 9/27/2019 EUR 69.400
Vontobel Financial Prod 10.000 9/27/2019 EUR 68.250
Vontobel Financial Prod 11.000 9/27/2019 EUR 67.170
Landesbank Baden-Wuertt 2.750 7/26/2019 EUR 58.960
Vontobel Financial Prod 9.000 6/28/2019 EUR 68.880
Vontobel Financial Prod 13.000 9/27/2019 EUR 65.190
DekaBank Deutsche Giroz 2.300 11/13/2020 EUR 71.240
Vontobel Financial Prod 12.500 9/27/2019 EUR 71.120
Vontobel Financial Prod 11.000 9/27/2019 EUR 72.490
Vontobel Financial Prod 15.500 9/27/2019 EUR 68.680
Zurcher Kantonalbank Fi 12.000 8/29/2019 EUR 45.990
UBS AG/London 6.250 10/18/2019 EUR 52.400
Vontobel Financial Prod 2.500 9/27/2019 EUR 67.670
Vontobel Financial Prod 12.000 6/28/2019 EUR 71.950
UBS AG/London 10.000 10/18/2019 CHF 57.250
Vontobel Financial Prod 10.500 6/28/2019 EUR 67.450
Vontobel Financial Prod 13.500 6/28/2019 EUR 64.810
Vontobel Financial Prod 16.500 6/28/2019 EUR 62.420
Vontobel Financial Prod 7.000 9/27/2019 EUR 60.530
Vontobel Financial Prod 12.500 9/27/2019 EUR 55.720
Vontobel Financial Prod 15.000 9/27/2019 EUR 54.310
Vontobel Financial Prod 4.500 6/28/2019 EUR 63.530
Vontobel Financial Prod 2.500 6/28/2019 EUR 67.110
Vontobel Financial Prod 8.000 6/28/2019 EUR 58.930
Vontobel Financial Prod 9.000 6/28/2019 EUR 57.540
Vontobel Financial Prod 13.500 6/28/2019 EUR 53.960
Vontobel Financial Prod 12.000 6/28/2019 EUR 55.090
Vontobel Financial Prod 15.500 6/28/2019 EUR 52.940
Vontobel Financial Prod 10.000 9/27/2019 EUR 57.350
Vontobel Financial Prod 8.000 9/27/2019 EUR 64.340
Vontobel Financial Prod 11.000 9/27/2019 EUR 60.680
Vontobel Financial Prod 13.500 9/27/2019 EUR 57.510
Vontobel Financial Prod 12.000 9/27/2019 EUR 58.940
Vontobel Financial Prod 16.500 9/27/2019 EUR 55.050
Vontobel Financial Prod 9.000 6/28/2019 EUR 62.480
Vontobel Financial Prod 7.500 6/28/2019 EUR 65.010
Vontobel Financial Prod 14.500 6/28/2019 EUR 56.200
Vontobel Financial Prod 10.000 9/27/2019 EUR 65.410
Vontobel Financial Prod 18.000 9/27/2019 EUR 58.340
Vontobel Financial Prod 14.500 6/28/2019 EUR 63.610
Vontobel Financial Prod 16.000 6/28/2019 EUR 62.170
Vontobel Financial Prod 18.000 6/28/2019 EUR 60.860
Vontobel Financial Prod 12.500 6/28/2019 EUR 74.300
Vontobel Financial Prod 14.000 6/28/2019 EUR 72.310
Vontobel Financial Prod 9.500 6/28/2019 EUR 68.430
Vontobel Financial Prod 11.000 6/28/2019 EUR 66.710
Vontobel Financial Prod 6.000 9/27/2019 EUR 73.570
Vontobel Financial Prod 9.000 9/27/2019 EUR 68.700
Vontobel Financial Prod 14.500 9/27/2019 EUR 64.060
Vontobel Financial Prod 13.000 9/27/2019 EUR 73.220
Vontobel Financial Prod 16.000 9/27/2019 EUR 63.200
Vontobel Financial Prod 9.500 6/28/2019 EUR 69.600
Vontobel Financial Prod 14.500 6/28/2019 EUR 64.150
Vontobel Financial Prod 12.000 6/28/2019 EUR 66.740
Vontobel Financial Prod 20.000 6/28/2019 EUR 69.500
Vontobel Financial Prod 8.500 9/27/2019 EUR 71.280
Vontobel Financial Prod 10.000 9/27/2019 EUR 68.800
Vontobel Financial Prod 7.000 9/27/2019 EUR 64.280
Vontobel Financial Prod 9.500 9/27/2019 EUR 59.360
Vontobel Financial Prod 8.000 9/27/2019 EUR 61.480
Vontobel Financial Prod 10.500 9/27/2019 EUR 57.080
Vontobel Financial Prod 14.000 9/27/2019 EUR 54.030
Vontobel Financial Prod 8.500 6/28/2019 EUR 59.320
Vontobel Financial Prod 9.950 8/21/2020 EUR 69.410
Vontobel Financial Prod 9.000 6/28/2019 EUR 70.630
Vontobel Financial Prod 12.000 6/28/2019 EUR 67.360
Societe Generale Effekt 11.036 6/21/2019 EUR 65.760
Societe Generale Effekt 17.699 6/21/2019 EUR 60.120
Societe Generale Effekt 9.321 12/20/2019 EUR 72.190
Societe Generale Effekt 18.948 6/21/2019 EUR 69.330
Societe Generale Effekt 6.247 6/21/2019 EUR 71.440
Societe Generale Effekt 16.033 6/21/2019 EUR 61.400
Societe Generale Effekt 8.658 9/20/2019 EUR 71.660
Societe Generale Effekt 16.503 9/20/2019 EUR 64.880
Societe Generale Effekt 1.666 6/21/2019 EUR 69.220
Societe Generale Effekt 9.578 6/21/2019 EUR 69.610
Societe Generale Effekt 13.742 6/21/2019 EUR 63.920
Societe Generale Effekt 27.693 6/21/2019 EUR 51.700
Societe Generale Effekt 15.151 9/20/2019 EUR 67.160
Societe Generale Effekt 8.953 6/21/2019 EUR 72.720
Societe Generale Effekt 6.247 6/21/2019 EUR 67.790
Societe Generale Effekt 10.411 6/21/2019 EUR 62.000
Societe Generale Effekt 15.200 6/21/2019 EUR 57.380
Societe Generale Effekt 17.699 6/21/2019 EUR 55.370
Societe Generale Effekt 22.696 6/21/2019 EUR 51.870
Societe Generale Effekt 6.455 6/21/2019 EUR 73.500
BNP Paribas Emissions- 11.000 9/26/2019 EUR 74.420
BNP Paribas Emissions- 8.500 9/26/2019 EUR 72.420
BNP Paribas Emissions- 11.000 12/30/2019 EUR 65.240
BNP Paribas Emissions- 6.000 9/26/2019 EUR 67.880
BNP Paribas Emissions- 9.000 12/30/2019 EUR 64.900
BNP Paribas Emissions- 17.000 6/27/2019 EUR 73.380
BNP Paribas Emissions- 5.000 9/26/2019 EUR 73.930
BNP Paribas Emissions- 9.000 12/30/2019 EUR 70.860
BNP Paribas Emissions- 9.000 9/26/2019 EUR 72.330
BNP Paribas Emissions- 12.000 9/26/2019 EUR 68.820
BNP Paribas Emissions- 8.000 12/30/2019 EUR 74.080
BNP Paribas Emissions- 9.500 12/30/2019 EUR 73.140
BNP Paribas Emissions- 8.500 6/27/2019 EUR 39.870
BNP Paribas Emissions- 16.000 6/27/2019 EUR 34.580
BNP Paribas Emissions- 7.500 9/26/2019 EUR 41.330
BNP Paribas Emissions- 11.000 9/26/2019 EUR 38.900
BNP Paribas Emissions- 5.000 12/30/2019 EUR 44.800
BNP Paribas Emissions- 9.500 12/30/2019 EUR 40.680
BNP Paribas Emissions- 14.000 6/27/2019 EUR 66.760
BNP Paribas Emissions- 9.000 9/26/2019 EUR 74.670
BNP Paribas Emissions- 7.500 12/30/2019 EUR 66.030
BNP Paribas Emissions- 10.000 12/30/2019 EUR 63.570
BNP Paribas Emissions- 8.500 12/30/2019 EUR 61.820
BNP Paribas Emissions- 9.000 12/30/2019 EUR 60.730
BNP Paribas Issuance BV 6.800 10/21/2019 EUR 59.600
BNP Paribas Emissions- 8.000 6/27/2019 EUR 72.230
BNP Paribas Emissions- 9.500 6/27/2019 EUR 70.450
BNP Paribas Emissions- 7.000 6/27/2019 EUR 66.860
BNP Paribas Emissions- 16.000 6/27/2019 EUR 58.280
BNP Paribas Emissions- 7.500 9/26/2019 EUR 66.830
BNP Paribas Emissions- 9.000 9/26/2019 EUR 64.410
BNP Paribas Emissions- 6.000 12/30/2019 EUR 69.450
BNP Paribas Emissions- 9.000 9/26/2019 EUR 70.280
BNP Paribas Emissions- 8.000 12/30/2019 EUR 72.160
BNP Paribas Emissions- 5.500 6/27/2019 EUR 69.260
BNP Paribas Emissions- 7.000 6/27/2019 EUR 65.990
BNP Paribas Emissions- 8.000 6/27/2019 EUR 66.080
BNP Paribas Emissions- 9.500 6/27/2019 EUR 63.140
BNP Paribas Emissions- 14.000 6/27/2019 EUR 59.450
BNP Paribas Emissions- 5.500 9/26/2019 EUR 70.230
BNP Paribas Emissions- 7.000 9/26/2019 EUR 67.430
BNP Paribas Emissions- 8.500 9/26/2019 EUR 64.910
BNP Paribas Emissions- 6.500 6/27/2019 EUR 61.830
BNP Paribas Emissions- 16.000 6/27/2019 EUR 53.400
BNP Paribas Emissions- 7.500 12/30/2019 EUR 73.880
BNP Paribas Emissions- 8.000 12/30/2019 EUR 72.430
BNP Paribas Emissions- 10.000 12/30/2019 EUR 70.350
BNP Paribas Emissions- 7.000 6/27/2019 EUR 67.060
BNP Paribas Emissions- 13.000 6/27/2019 EUR 73.620
BNP Paribas Emissions- 12.000 6/27/2019 EUR 68.260
BNP Paribas Emissions- 11.000 12/30/2019 EUR 70.070
BNP Paribas Emissions- 7.000 9/26/2019 EUR 73.490
BNP Paribas Emissions- 8.500 9/26/2019 EUR 72.320
BNP Paribas Emissions- 9.500 9/26/2019 EUR 71.050
BNP Paribas Emissions- 10.000 9/26/2019 EUR 70.450
BNP Paribas Emissions- 11.000 9/26/2019 EUR 68.540
BNP Paribas Emissions- 12.000 9/26/2019 EUR 67.470
BNP Paribas Emissions- 7.500 12/30/2019 EUR 73.720
BNP Paribas Emissions- 9.500 12/30/2019 EUR 70.400
BNP Paribas Emissions- 8.500 9/26/2019 EUR 74.530
BNP Paribas Emissions- 9.000 9/26/2019 EUR 72.730
BNP Paribas Emissions- 11.000 9/26/2019 EUR 71.510
BNP Paribas Emissions- 12.000 9/26/2019 EUR 69.210
BNP Paribas Emissions- 9.500 12/30/2019 EUR 73.280
BNP Paribas Emissions- 8.000 9/26/2019 EUR 64.060
BNP Paribas Emissions- 12.000 12/30/2019 EUR 59.860
Zurcher Kantonalbank Fi 5.500 11/3/2020 CHF 67.120
Landesbank Hessen-Thuer 2.200 11/24/2020 EUR 63.620
BNP Paribas Issuance BV 6.800 10/21/2019 EUR 63.150
Raiffeisen Switzerland 10.000 10/25/2019 CHF 51.830
UBS AG/London 14.500 1/2/2020 EUR 61.910
Commerzbank AG 10.000 9/27/2019 EUR 61.610
Commerzbank AG 12.000 9/27/2019 EUR 58.890
Commerzbank AG 10.750 9/27/2019 EUR 67.800
Commerzbank AG 18.750 7/26/2019 EUR 73.980
UBS AG/London 4.400 6/25/2020 EUR 69.360
HSBC Trinkaus & Burkhar 7.000 10/25/2019 EUR 66.900
Raiffeisen Schweiz Geno 5.700 6/19/2019 CHF 49.750
DekaBank Deutsche Giroz 3.000 6/21/2021 EUR 40.290
Landesbank Baden-Wuertt 5.000 7/24/2020 EUR 67.960
Commerzbank AG 6.750 9/27/2019 EUR 73.060
UBS AG/London 7.000 6/11/2019 CHF 67.400
Commerzbank AG 13.000 6/28/2019 EUR 65.410
Commerzbank AG 11.500 6/28/2019 EUR 66.620
Commerzbank AG 13.500 6/28/2019 EUR 64.680
Vontobel Financial Prod 16.000 1/3/2020 EUR 68.640
Vontobel Financial Prod 9.000 9/27/2019 EUR 70.180
Vontobel Financial Prod 14.500 9/27/2019 EUR 64.180
Citigroup Global Market 7.000 6/16/2022 SEK 54.490
Commerzbank AG 17.000 6/28/2019 EUR 75.720
Commerzbank AG 20.750 6/28/2019 EUR 73.750
Leonteq Securities AG/G 7.000 6/19/2019 USD 39.270
HSBC Trinkaus & Burkhar 4.800 12/27/2019 EUR 71.840
HSBC Trinkaus & Burkhar 5.000 3/27/2020 EUR 72.340
HSBC Trinkaus & Burkhar 9.200 2/28/2020 EUR 65.640
Vontobel Financial Prod 17.650 1/22/2020 EUR 57.420
Landesbank Baden-Wuertt 3.050 7/24/2020 EUR 54.980
Landesbank Baden-Wuertt 7.000 7/24/2020 EUR 65.780
Commerzbank AG 8.750 9/27/2019 EUR 70.160
UBS AG/London 4.200 1/2/2020 EUR 74.070
UBS AG/London 8.700 1/2/2020 EUR 66.410
UBS AG/London 16.800 9/26/2019 EUR 59.090
Landesbank Hessen-Thuer 4.000 1/13/2021 EUR 46.600
Commerzbank AG 15.250 6/28/2019 EUR 71.150
Vontobel Financial Prod 11.500 9/27/2019 EUR 71.440
Vontobel Financial Prod 12.000 1/3/2020 EUR 66.440
Leonteq Securities AG/G 7.000 10/29/2020 CHF 72.070
UBS AG/London 6.500 6/27/2019 EUR 68.030
DZ Bank AG Deutsche Zen 5.250 9/23/2019 EUR 73.360
HSBC Trinkaus & Burkhar 16.100 9/27/2019 EUR 58.270
HSBC Trinkaus & Burkhar 13.900 12/27/2019 EUR 61.120
HSBC Trinkaus & Burkhar 10.000 11/22/2019 EUR 63.820
BNP Paribas Emissions- 4.500 12/30/2019 EUR 63.330
BNP Paribas Emissions- 6.500 12/30/2019 EUR 64.550
BNP Paribas Emissions- 11.000 12/30/2019 EUR 67.290
BNP Paribas Emissions- 9.000 12/30/2019 EUR 65.440
BNP Paribas Emissions- 16.000 12/30/2019 EUR 69.710
BNP Paribas Emissions- 9.500 12/30/2019 EUR 65.130
BNP Paribas Emissions- 17.000 12/30/2019 EUR 69.700
BNP Paribas Emissions- 20.000 12/30/2019 EUR 69.180
BNP Paribas Emissions- 6.500 12/30/2019 EUR 59.850
BNP Paribas Emissions- 19.000 12/30/2019 EUR 67.460
BNP Paribas Emissions- 7.000 12/30/2019 EUR 58.570
BNP Paribas Emissions- 19.000 12/30/2019 EUR 64.380
Vontobel Financial Prod 13.500 6/28/2019 EUR 49.070
Vontobel Financial Prod 9.500 6/28/2019 EUR 54.630
Vontobel Financial Prod 5.550 6/28/2019 EUR 62.130
Vontobel Financial Prod 7.500 6/28/2019 EUR 57.580
Vontobel Financial Prod 9.000 6/28/2019 EUR 55.630
Vontobel Financial Prod 10.500 6/28/2019 EUR 53.830
Landesbank Hessen-Thuer 4.000 2/17/2021 EUR 72.330
Landesbank Hessen-Thuer 4.000 2/17/2021 EUR 40.610
Bank Julius Baer & Co L 12.000 6/24/2019 USD 59.150
Vontobel Financial Prod 6.000 6/28/2019 EUR 62.010
Vontobel Financial Prod 11.000 6/28/2019 EUR 56.150
Vontobel Financial Prod 10.500 6/28/2019 EUR 53.030
Vontobel Financial Prod 6.500 6/28/2019 EUR 64.970
Vontobel Financial Prod 11.000 6/28/2019 EUR 57.300
Vontobel Financial Prod 12.550 6/28/2019 EUR 55.210
Bank Julius Baer & Co L 4.350 9/20/2019 EUR 73.500
Landesbank Baden-Wuertt 3.000 2/26/2021 EUR 72.580
Leonteq Securities AG/G 10.200 8/7/2019 CHF 25.600
Raiffeisen Schweiz Geno 5.300 5/4/2020 EUR 62.720
Raiffeisen Schweiz Geno 4.700 11/4/2020 CHF 67.320
Leonteq Securities AG 11.350 12/27/2019 CHF 56.230
Leonteq Securities AG 14.400 8/7/2019 CHF 67.340
Vontobel Financial Prod 11.500 6/28/2019 EUR 71.120
Raiffeisen Switzerland 7.800 4/27/2020 EUR 64.560
Bank Julius Baer & Co L 8.100 8/6/2019 CHF 61.450
UniCredit Bank AG 3.700 5/18/2022 CHF 65.660
Leonteq Securities AG 5.200 12/22/2020 CHF 62.430
Leonteq Securities AG 14.000 9/25/2019 CHF 54.280
Leonteq Securities AG 8.000 9/25/2019 CHF 74.200
Raiffeisen Schweiz Geno 6.100 6/22/2020 CHF 74.060
Raiffeisen Schweiz Geno 10.900 1/6/2020 USD 67.260
Raiffeisen Schweiz Geno 6.300 1/6/2020 CHF 59.680
BNP Paribas Emissions- 4.000 6/27/2019 EUR 54.730
BNP Paribas Emissions- 4.000 6/27/2019 EUR 60.440
BNP Paribas Emissions- 10.000 6/27/2019 EUR 61.020
BNP Paribas Emissions- 14.000 6/27/2019 EUR 61.410
BNP Paribas Emissions- 7.500 6/27/2019 EUR 60.150
BNP Paribas Emissions- 13.000 6/27/2019 EUR 60.690
BNP Paribas Emissions- 4.500 6/27/2019 EUR 58.650
BNP Paribas Emissions- 6.500 6/27/2019 EUR 58.850
BNP Paribas Emissions- 3.000 6/27/2019 EUR 63.670
Credit Suisse AG/London 7.250 8/7/2019 CHF 57.690
Credit Suisse AG/Nassau 9.000 8/9/2019 CHF 73.290
BNP Paribas Emissions- 8.500 6/27/2019 EUR 59.040
BNP Paribas Emissions- 15.000 6/27/2019 EUR 59.670
BNP Paribas Emissions- 6.000 6/27/2019 EUR 57.630
BNP Paribas Emissions- 14.000 6/27/2019 EUR 58.410
BNP Paribas Emissions- 18.000 6/27/2019 EUR 58.790
BNP Paribas Emissions- 5.500 6/27/2019 EUR 56.470
BNP Paribas Emissions- 8.500 12/30/2019 EUR 63.330
BNP Paribas Emissions- 15.000 12/30/2019 EUR 67.290
BNP Paribas Emissions- 12.000 12/30/2019 EUR 64.310
BNP Paribas Emissions- 5.500 12/30/2019 EUR 66.740
BNP Paribas Emissions- 7.500 12/30/2019 EUR 67.960
BNP Paribas Emissions- 13.000 12/30/2019 EUR 71.310
BNP Paribas Emissions- 4.000 6/27/2019 EUR 63.770
BNP Paribas Emissions- 10.000 6/27/2019 EUR 64.350
BNP Paribas Emissions- 14.000 6/27/2019 EUR 64.740
BNP Paribas Emissions- 6.500 6/27/2019 EUR 62.640
BNP Paribas Emissions- 11.000 6/27/2019 EUR 63.070
BNP Paribas Emissions- 15.000 6/27/2019 EUR 63.460
BNP Paribas Emissions- 5.500 6/27/2019 EUR 61.220
BNP Paribas Emissions- 9.500 6/27/2019 EUR 61.610
BNP Paribas Emissions- 17.000 6/27/2019 EUR 62.340
Vontobel Financial Prod 3.900 6/28/2019 EUR 58.250
BNP Paribas Emissions- 3.000 6/27/2019 EUR 66.640
BNP Paribas Emissions- 4.500 6/27/2019 EUR 61.370
BNP Paribas Emissions- 4.000 9/26/2019 EUR 63.080
BNP Paribas Emissions- 16.000 12/30/2019 EUR 66.740
BNP Paribas Emissions- 9.500 6/27/2019 EUR 53.750
BNP Paribas Emissions- 17.000 6/27/2019 EUR 54.480
BNP Paribas Emissions- 5.500 12/30/2019 EUR 65.230
BNP Paribas Emissions- 9.500 12/30/2019 EUR 67.670
BNP Paribas Emissions- 8.500 12/30/2019 EUR 65.770
BNP Paribas Emissions- 15.000 12/30/2019 EUR 69.720
BNP Paribas Emissions- 7.000 12/30/2019 EUR 64.220
BNP Paribas Emissions- 20.000 12/30/2019 EUR 72.140
BNP Paribas Emissions- 5.500 12/30/2019 EUR 62.690
BNP Paribas Emissions- 4.500 12/30/2019 EUR 60.890
BNP Paribas Emissions- 11.000 12/30/2019 EUR 62.590
BNP Paribas Emissions- 5.000 12/30/2019 EUR 69.440
BNP Paribas Emissions- 10.000 12/30/2019 EUR 72.480
BNP Paribas Emissions- 4.500 9/26/2019 EUR 70.670
BNP Paribas Emissions- 3.500 9/26/2019 EUR 53.660
BNP Paribas Emissions- 5.000 12/30/2019 EUR 57.350
BNP Paribas Emissions- 9.000 12/30/2019 EUR 59.790
BNP Paribas Emissions- 12.000 12/30/2019 EUR 61.610
BNP Paribas Emissions- 20.000 12/30/2019 EUR 66.490
BNP Paribas Emissions- 6.500 12/30/2019 EUR 56.770
BNP Paribas Emissions- 15.000 12/30/2019 EUR 61.940
BNP Paribas Emissions- 3.000 9/26/2019 EUR 64.350
BNP Paribas Emissions- 3.500 9/26/2019 EUR 61.850
BNP Paribas Emissions- 3.000 12/30/2019 EUR 65.050
Vontobel Financial Prod 7.500 6/28/2019 EUR 58.000
Vontobel Financial Prod 11.500 6/28/2019 EUR 51.670
Vontobel Financial Prod 4.500 6/28/2019 EUR 64.700
Landesbank Baden-Wuertt 2.750 3/25/2022 EUR 67.130
Raiffeisen Schweiz Geno 5.800 5/24/2019 CHF 72.950
Landesbank Hessen-Thuer 4.000 6/21/2019 EUR 39.200
Vontobel Financial Prod 12.000 3/27/2020 EUR 71.940
Vontobel Financial Prod 9.000 1/3/2020 EUR 74.040
Landesbank Hessen-Thuer 4.000 12/22/2021 EUR 60.070
Leonteq Securities AG 10.000 5/28/2019 CHF 74.060
Raiffeisen Centrobank A 5.389 9/24/2019 EUR 58.660
Vontobel Financial Prod 4.000 6/10/2019 EUR 54.810
UniCredit Bank AG 4.450 12/29/2022 EUR 73.860
UniCredit Bank AG 5.100 12/19/2020 EUR 58.940
UniCredit Bank AG 4.300 12/19/2021 EUR 69.720
UniCredit Bank AG 4.700 12/19/2021 EUR 73.130
UniCredit Bank AG 5.900 12/19/2020 EUR 66.840
UBS AG/London 5.250 11/22/2019 EUR 55.150
Landesbank Hessen-Thuer 4.400 1/5/2023 EUR 63.900
EFG International Finan 7.000 5/23/2022 EUR 59.480
Vontobel Financial Prod 6.270 5/27/2019 EUR 68.590
HSBC Trinkaus & Burkhar 6.400 6/28/2019 EUR 61.800
HSBC Trinkaus & Burkhar 5.700 6/28/2019 EUR 72.900
HSBC Trinkaus & Burkhar 5.400 6/28/2019 EUR 45.540
HSBC Trinkaus & Burkhar 6.400 6/28/2019 EUR 64.730
UniCredit Bank AG 5.500 1/4/2020 EUR 66.160
UniCredit Bank AG 5.200 1/14/2021 USD 68.730
Landesbank Baden-Wuertt 8.000 6/28/2019 EUR 67.640
Landesbank Baden-Wuertt 3.500 6/28/2019 EUR 69.830
Landesbank Baden-Wuertt 4.500 6/28/2019 EUR 66.730
Landesbank Baden-Wuertt 5.500 6/28/2019 EUR 57.080
Landesbank Baden-Wuertt 3.000 5/24/2019 EUR 67.580
Landesbank Baden-Wuertt 7.000 6/28/2019 EUR 74.230
Landesbank Baden-Wuertt 4.000 6/28/2019 EUR 68.600
Landesbank Baden-Wuertt 5.500 6/28/2019 EUR 64.500
Landesbank Baden-Wuertt 7.000 6/28/2019 EUR 44.090
Landesbank Baden-Wuertt 7.000 6/28/2019 EUR 70.740
Landesbank Baden-Wuertt 4.500 6/28/2019 EUR 67.020
Landesbank Baden-Wuertt 4.000 6/28/2019 EUR 71.770
Landesbank Baden-Wuertt 4.500 5/24/2019 EUR 67.340
Landesbank Baden-Wuertt 3.000 5/24/2019 EUR 66.660
Landesbank Baden-Wuertt 3.500 6/28/2019 EUR 30.480
Vontobel Financial Prod 7.240 5/29/2019 EUR 61.980
UBS AG/London 5.250 6/1/2020 USD 55.150
UniCredit Bank AG 5.700 6/26/2019 EUR 64.790
Leonteq Securities AG/G 10.000 12/11/2019 CHF 32.080
Landesbank Baden-Wuertt 3.200 12/29/2020 EUR 73.090
Leonteq Securities AG/G 7.200 12/8/2020 USD 64.830
Landesbank Hessen-Thuer 3.500 1/5/2022 EUR 66.600
Landesbank Hessen-Thuer 4.000 1/5/2022 EUR 75.060
HSBC Trinkaus & Burkhar 6.900 9/27/2019 EUR 72.620
HSBC Trinkaus & Burkhar 6.300 10/25/2019 EUR 72.210
HSBC Trinkaus & Burkhar 6.200 1/24/2020 EUR 73.010
HSBC Trinkaus & Burkhar 4.200 6/28/2019 EUR 64.890
HSBC Trinkaus & Burkhar 4.500 9/27/2019 EUR 65.370
HSBC Trinkaus & Burkhar 11.800 12/27/2019 EUR 56.410
HSBC Trinkaus & Burkhar 4.300 12/27/2019 EUR 66.190
HSBC Trinkaus & Burkhar 9.000 10/25/2019 EUR 58.370
HSBC Trinkaus & Burkhar 8.100 1/24/2020 EUR 60.040
HSBC Trinkaus & Burkhar 7.600 12/27/2019 EUR 70.790
HSBC Trinkaus & Burkhar 13.000 6/28/2019 EUR 64.250
HSBC Trinkaus & Burkhar 3.700 6/28/2019 EUR 75.810
HSBC Trinkaus & Burkhar 3.900 9/27/2019 EUR 76.280
HSBC Trinkaus & Burkhar 10.000 12/27/2019 EUR 68.580
HSBC Trinkaus & Burkhar 7.500 12/27/2019 EUR 71.290
HSBC Trinkaus & Burkhar 4.200 12/27/2019 EUR 76.470
Commerzbank AG 13.000 8/23/2019 EUR 70.260
Commerzbank AG 7.250 6/28/2019 EUR 74.300
Commerzbank AG 6.250 7/26/2019 EUR 76.420
Commerzbank AG 14.750 6/28/2019 EUR 73.300
Commerzbank AG 16.750 6/28/2019 EUR 71.460
Commerzbank AG 10.000 8/23/2019 EUR 72.250
Commerzbank AG 14.000 8/23/2019 EUR 68.010
Commerzbank AG 10.500 10/25/2019 EUR 71.860
Commerzbank AG 12.500 10/25/2019 EUR 69.730
Commerzbank AG 8.250 7/26/2019 EUR 66.670
Commerzbank AG 14.250 7/26/2019 EUR 58.030
Commerzbank AG 16.250 7/26/2019 EUR 56.140
Commerzbank AG 18.250 7/26/2019 EUR 54.650
Commerzbank AG 13.000 8/23/2019 EUR 59.390
Commerzbank AG 12.750 5/24/2019 EUR 70.110
Commerzbank AG 12.750 6/28/2019 EUR 70.310
Commerzbank AG 11.750 7/26/2019 EUR 71.760
Commerzbank AG 9.250 10/25/2019 EUR 64.900
Commerzbank AG 15.250 10/25/2019 EUR 57.490
Commerzbank AG 11.500 6/28/2019 EUR 61.210
DZ Bank AG Deutsche Zen 10.500 12/27/2019 EUR 71.340
DZ Bank AG Deutsche Zen 8.000 11/20/2019 EUR 60.280
Vontobel Financial Prod 13.500 9/27/2019 EUR 71.310
Vontobel Financial Prod 14.500 9/27/2019 EUR 70.040
Landesbank Baden-Wuertt 6.000 6/28/2019 EUR 72.930
Landesbank Baden-Wuertt 2.500 6/28/2019 EUR 66.520
Landesbank Baden-Wuertt 6.000 5/24/2019 EUR 57.190
Landesbank Baden-Wuertt 7.000 5/24/2019 EUR 71.150
Landesbank Baden-Wuertt 4.500 5/24/2019 EUR 62.500
Landesbank Baden-Wuertt 6.500 5/24/2019 EUR 72.220
Landesbank Baden-Wuertt 3.000 5/24/2019 EUR 73.780
Landesbank Baden-Wuertt 2.500 6/28/2019 EUR 74.330
Landesbank Baden-Wuertt 3.000 6/28/2019 EUR 56.370
Landesbank Baden-Wuertt 5.000 6/28/2019 EUR 48.540
Landesbank Baden-Wuertt 6.500 6/28/2019 EUR 62.540
Landesbank Baden-Wuertt 6.000 5/24/2019 EUR 64.710
Landesbank Baden-Wuertt 4.500 5/24/2019 EUR 63.190
Landesbank Baden-Wuertt 2.000 6/28/2019 EUR 33.620
Landesbank Baden-Wuertt 5.000 6/28/2019 EUR 28.360
Landesbank Baden-Wuertt 7.000 5/24/2019 EUR 69.510
Norddeutsche Landesbank 3.300 6/21/2019 EUR 65.100
Leonteq Securities AG/G 9.000 6/27/2019 CHF 63.200
UBS AG/London 6.750 11/29/2019 CHF 74.300
Vontobel Financial Prod 7.000 12/27/2019 EUR 46.110
Commerzbank AG 3.100 11/25/2019 USD 68.970
Leonteq Securities AG/G 10.800 6/11/2019 EUR 63.040
Leonteq Securities AG/G 13.850 6/7/2019 USD 51.480
Landesbank Baden-Wuertt 3.300 12/29/2020 EUR 60.450
Landesbank Baden-Wuertt 3.150 9/27/2019 EUR 65.670
UniCredit Bank AG 3.800 12/29/2022 EUR 63.310
DekaBank Deutsche Giroz 6.300 7/3/2020 EUR 64.900
Raiffeisen Schweiz Geno 9.250 6/11/2019 CHF 26.930
Raiffeisen Schweiz Geno 6.250 6/11/2019 CHF 72.520
Landesbank Hessen-Thuer 4.250 7/9/2019 EUR 45.300
Landesbank Hessen-Thuer 3.500 1/5/2022 EUR 63.590
Raiffeisen Centrobank A 5.200 12/30/2019 EUR 51.860
Deutsche Bank AG 4.200 6/24/2019 EUR 66.830
Deutsche Bank AG 4.200 6/24/2019 EUR 73.400
Deutsche Bank AG 4.200 6/24/2019 EUR 62.360
Deutsche Bank AG 4.200 6/24/2019 EUR 59.870
Deutsche Bank AG 4.200 6/24/2019 EUR 58.560
Deutsche Bank AG 4.200 6/24/2019 EUR 72.160
Deutsche Bank AG 4.200 6/24/2019 EUR 69.960
Deutsche Bank AG 4.200 6/24/2019 EUR 71.670
Deutsche Bank AG 4.200 6/24/2019 EUR 62.880
Deutsche Bank AG 4.200 6/24/2019 EUR 60.790
Deutsche Bank AG 4.200 6/24/2019 EUR 55.310
Deutsche Bank AG 4.200 6/24/2019 EUR 53.270
Deutsche Bank AG 4.200 6/24/2019 EUR 54.400
Deutsche Bank AG 4.200 6/24/2019 EUR 52.140
Leonteq Securities AG/G 9.800 6/12/2020 CHF 52.120
Deutsche Bank AG 6.200 6/24/2019 EUR 67.040
Deutsche Bank AG 6.200 6/24/2019 EUR 53.120
Deutsche Bank AG 6.200 6/24/2019 EUR 62.570
Deutsche Bank AG 6.200 6/24/2019 EUR 60.080
Deutsche Bank AG 6.200 6/24/2019 EUR 60.080
Deutsche Bank AG 6.200 6/24/2019 EUR 72.370
Deutsche Bank AG 6.200 6/24/2019 EUR 70.170
Deutsche Bank AG 6.200 6/24/2019 EUR 55.520
Deutsche Bank AG 6.200 6/24/2019 EUR 53.470
Deutsche Bank AG 6.200 6/24/2019 EUR 63.090
Deutsche Bank AG 6.200 6/24/2019 EUR 60.990
Deutsche Bank AG 6.200 6/24/2019 EUR 71.870
Deutsche Bank AG 6.200 6/24/2019 EUR 54.610
Deutsche Bank AG 6.200 6/24/2019 EUR 52.350
DekaBank Deutsche Giroz 3.000 12/29/2022 EUR 72.510
DekaBank Deutsche Giroz 4.050 7/3/2020 EUR 58.360
UBS AG/London 5.100 6/27/2019 EUR 63.080
UBS AG/London 6.500 6/27/2019 EUR 72.860
UBS AG/London 4.200 6/27/2019 EUR 66.200
UBS AG/London 8.750 6/6/2019 EUR 41.400
UBS AG/London 10.000 6/6/2019 EUR 61.700
Corner Banca SA 12.000 6/14/2019 CHF 51.340
Leonteq Securities AG/G 7.000 12/15/2020 CHF 64.430
Raiffeisen Schweiz Geno 9.000 12/18/2019 CHF 51.200
Raiffeisen Schweiz Geno 5.500 6/18/2019 EUR 54.610
Leonteq Securities AG/G 7.000 12/15/2020 EUR 68.050
Leonteq Securities AG/G 8.400 12/18/2019 CHF 31.300
Deutsche Bank AG 4.200 3/24/2020 EUR 74.700
Deutsche Bank AG 4.200 6/23/2020 EUR 71.700
Deutsche Bank AG 4.200 9/22/2020 EUR 72.200
Deutsche Bank AG 4.200 12/22/2020 EUR 72.800
Deutsche Bank AG 3.200 6/25/2019 EUR 68.000
Deutsche Bank AG 3.200 6/25/2019 EUR 70.400
Deutsche Bank AG 3.200 6/25/2019 EUR 67.800
Deutsche Bank AG 3.200 6/25/2019 EUR 57.700
Deutsche Bank AG 3.200 6/25/2019 EUR 59.800
DZ Bank AG Deutsche Zen 4.700 9/23/2019 EUR 67.100
Bank Julius Baer & Co L 7.300 11/7/2019 CHF 69.100
Landesbank Baden-Wuertt 3.000 12/29/2020 EUR 72.070
Landesbank Baden-Wuertt 5.000 12/29/2020 EUR 67.340
Zurcher Kantonalbank Fi 6.500 8/8/2019 CHF 67.230
Vontobel Financial Prod 10.000 9/27/2019 EUR 58.040
DZ Bank AG Deutsche Zen 6.500 6/26/2019 EUR 55.870
DZ Bank AG Deutsche Zen 7.500 6/26/2019 EUR 71.070
DZ Bank AG Deutsche Zen 7.750 9/25/2019 EUR 72.830
Commerzbank AG 9.000 7/26/2019 EUR 72.180
Commerzbank AG 7.250 7/26/2019 EUR 67.430
Commerzbank AG 9.250 7/26/2019 EUR 63.840
Commerzbank AG 11.250 7/26/2019 EUR 60.980
Commerzbank AG 13.250 7/26/2019 EUR 58.600
Commerzbank AG 15.250 7/26/2019 EUR 56.410
Commerzbank AG 5.750 6/28/2019 EUR 71.580
Vontobel Financial Prod 6.500 6/28/2019 EUR 72.160
Vontobel Financial Prod 9.000 6/28/2019 EUR 66.950
Vontobel Financial Prod 14.550 6/28/2019 EUR 58.730
Vontobel Financial Prod 8.500 9/27/2019 EUR 68.000
Vontobel Financial Prod 11.000 9/27/2019 EUR 64.570
Vontobel Financial Prod 15.500 9/27/2019 EUR 58.890
Vontobel Financial Prod 18.000 9/27/2019 EUR 56.690
Landesbank Baden-Wuertt 4.000 1/24/2020 EUR 68.490
Landesbank Baden-Wuertt 4.000 1/24/2020 EUR 67.110
Landesbank Baden-Wuertt 2.500 1/24/2020 EUR 71.170
Landesbank Baden-Wuertt 5.500 1/24/2020 EUR 63.450
Landesbank Baden-Wuertt 6.000 1/24/2020 EUR 70.130
Landesbank Baden-Wuertt 4.500 1/24/2020 EUR 69.280
Landesbank Baden-Wuertt 2.500 1/24/2020 EUR 70.960
Landesbank Baden-Wuertt 5.500 2/28/2020 EUR 64.930
Commerzbank AG 10.750 7/26/2019 EUR 68.850
Commerzbank AG 5.500 7/26/2019 EUR 61.160
Commerzbank AG 10.000 7/26/2019 EUR 66.540
Commerzbank AG 7.000 6/28/2019 EUR 71.650
Commerzbank AG 7.500 7/26/2019 EUR 65.540
Commerzbank AG 8.000 6/28/2019 EUR 67.850
DekaBank Deutsche Giroz 5.000 8/29/2019 EUR 63.030
DekaBank Deutsche Giroz 5.000 2/28/2020 EUR 59.890
Leonteq Securities AG 8.000 8/2/2019 CHF 34.670
Bank Julius Baer & Co L 6.000 8/6/2019 CHF 59.750
EFG International Finan 13.600 2/20/2020 USD 64.230
Commerzbank AG 12.250 6/28/2019 EUR 62.620
Commerzbank AG 8.250 6/28/2019 EUR 71.300
Commerzbank AG 6.000 6/28/2019 EUR 73.130
UBS AG/London 9.500 2/3/2020 CHF 64.650
UBS AG/London 5.000 2/2/2021 CHF 73.400
Zurcher Kantonalbank Fi 7.500 8/2/2019 CHF 73.070
Vontobel Financial Prod 1.750 9/13/2019 EUR 71.710
Vontobel Financial Prod 6.800 9/13/2019 EUR 62.100
Vontobel Financial Prod 9.150 9/13/2019 EUR 59.850
Vontobel Financial Prod 14.850 9/13/2019 EUR 74.200
Commerzbank AG 5.000 6/21/2019 EUR 73.020
Commerzbank AG 5.000 6/21/2019 EUR 72.020
Raiffeisen Schweiz Geno 5.200 8/10/2020 CHF 74.980
Raiffeisen Schweiz Geno 8.700 11/13/2019 USD 67.630
Vontobel Financial Prod 15.000 9/13/2019 EUR 60.780
Vontobel Financial Prod 4.300 9/13/2019 EUR 72.920
Vontobel Financial Prod 7.900 9/13/2019 EUR 66.910
Vontobel Financial Prod 10.050 9/13/2019 EUR 64.510
Vontobel Financial Prod 4.350 9/13/2019 EUR 60.200
Vontobel Financial Prod 6.600 9/13/2019 EUR 57.240
Vontobel Financial Prod 12.000 9/13/2019 EUR 52.790
Vontobel Financial Prod 10.400 6/21/2019 EUR 65.170
Vontobel Financial Prod 15.300 6/14/2019 EUR 59.680
Vontobel Financial Prod 7.300 9/13/2019 EUR 70.920
Vontobel Financial Prod 10.250 9/13/2019 EUR 67.280
Commerzbank AG 7.500 12/31/2019 EUR 68.080
Commerzbank AG 11.500 12/31/2019 EUR 60.060
Commerzbank AG 15.500 12/31/2019 EUR 56.760
Vontobel Financial Prod 1.950 9/13/2019 EUR 68.930
Vontobel Financial Prod 4.000 9/13/2019 EUR 63.230
Commerzbank AG 7.000 6/28/2019 EUR 72.930
Commerzbank AG 9.250 6/28/2019 EUR 68.350
Commerzbank AG 6.750 7/26/2019 EUR 73.760
Commerzbank AG 8.750 7/26/2019 EUR 69.490
Commerzbank AG 5.500 7/5/2019 EUR 74.320
Vontobel Financial Prod 4.600 9/13/2019 EUR 68.030
Raiffeisen Schweiz Geno 10.200 5/24/2019 CHF 46.080
Raiffeisen Schweiz Geno 7.000 5/24/2019 CHF 61.770
Leonteq Securities AG/G 7.400 11/27/2019 USD 62.600
Landesbank Hessen-Thuer 4.350 6/21/2019 EUR 53.400
Leonteq Securities AG/G 4.200 6/1/2021 CHF 48.640
Vontobel Financial Prod 8.500 3/27/2020 EUR 75.070
Vontobel Financial Prod 10.000 3/27/2020 EUR 73.230
Landesbank Baden-Wuertt 3.100 2/25/2022 EUR 70.070
Raiffeisen Centrobank A 4.311 9/24/2019 EUR 56.750
Landesbank Hessen-Thuer 6.250 12/22/2022 EUR 70.660
EFG International Finan 8.000 12/6/2019 EUR 60.530
UBS AG/London 7.750 11/22/2019 CHF 61.550
Leonteq Securities AG/G 10.400 12/4/2019 EUR 59.680
Landesbank Hessen-Thuer 3.250 7/8/2020 EUR 75.300
UBS AG/London 8.000 5/23/2019 CHF 46.500
Raiffeisen Schweiz Geno 6.500 6/4/2019 EUR 54.940
Leonteq Securities AG/G 6.400 6/4/2020 CHF 28.350
Leonteq Securities AG/G 9.000 6/4/2020 USD 65.910
UBS AG/London 8.380 5/23/2019 EUR 46.550
Landesbank Hessen-Thuer 3.800 7/8/2019 EUR 52.700
HSBC Trinkaus & Burkhar 5.500 6/28/2019 EUR 71.320
HSBC Trinkaus & Burkhar 3.000 6/28/2019 EUR 58.230
UBS AG/London 10.250 5/24/2019 USD 59.500
Vontobel Financial Prod 4.500 12/30/2020 EUR 72.970
DekaBank Deutsche Giroz 3.800 12/18/2020 EUR 65.150
HSBC Trinkaus & Burkhar 5.100 6/26/2020 EUR 72.900
HSBC Trinkaus & Burkhar 8.800 9/25/2020 EUR 67.460
HSBC Trinkaus & Burkhar 6.500 9/25/2020 EUR 70.660
HSBC Trinkaus & Burkhar 10.700 10/25/2019 EUR 61.140
HSBC Trinkaus & Burkhar 10.400 11/22/2019 EUR 61.830
HSBC Trinkaus & Burkhar 3.300 11/22/2019 EUR 73.730
HSBC Trinkaus & Burkhar 3.400 1/24/2020 EUR 73.790
HSBC Trinkaus & Burkhar 3.600 2/28/2020 EUR 73.890
HSBC Trinkaus & Burkhar 10.400 6/26/2020 EUR 65.320
Landesbank Baden-Wuertt 4.500 6/28/2019 EUR 46.010
EFG International Finan 7.200 10/5/2020 USD 51.840
Leonteq Securities AG/G 7.000 9/29/2020 CHF 60.230
Commerzbank AG 18.000 9/27/2019 EUR 53.120
Landesbank Baden-Wuertt 2.050 6/28/2019 EUR 61.910
EFG International Finan 7.000 10/12/2020 EUR 55.890
UBS AG/London 6.500 6/25/2020 EUR 62.420
Zurcher Kantonalbank Fi 8.500 8/16/2019 CHF 73.070
UBS AG/London 21.000 6/27/2019 EUR 68.200
UBS AG/London 4.200 9/26/2019 EUR 72.930
UBS AG/London 19.500 6/27/2019 EUR 59.660
UBS AG/London 23.600 6/27/2019 EUR 68.710
UBS AG/London 24.500 6/27/2019 EUR 54.330
UBS AG/London 13.900 6/27/2019 EUR 62.480
UBS AG/London 22.100 6/27/2019 EUR 57.750
Leonteq Securities AG 10.000 11/20/2019 CHF 46.890
Commerzbank AG 3.000 5/24/2019 EUR 70.810
Leonteq Securities AG 5.000 2/17/2021 CHF 60.610
Commerzbank AG 10.250 6/28/2019 EUR 70.680
UBS AG/London 9.000 8/9/2019 CHF 61.400
UBS AG/London 5.000 8/8/2019 CHF 69.650
UBS AG/London 10.000 8/8/2019 CHF 62.600
UBS AG/London 6.000 2/10/2020 EUR 66.200
UBS AG/London 7.750 8/8/2019 EUR 56.100
UBS AG/London 5.250 8/8/2019 EUR 60.050
UBS AG/London 6.500 8/10/2020 CHF 72.200
UBS AG/London 10.000 8/10/2020 CHF 68.950
UBS AG/London 6.000 8/10/2020 EUR 73.750
UBS AG/London 6.500 2/8/2021 EUR 69.000
Raiffeisen Schweiz Geno 6.000 2/17/2020 CHF 61.380
EFG International Finan 10.000 8/22/2019 CHF 67.280
Commerzbank AG 10.500 6/28/2019 EUR 67.230
Commerzbank AG 7.000 5/24/2019 EUR 62.410
Commerzbank AG 9.000 5/24/2019 EUR 59.600
Commerzbank AG 3.000 7/26/2019 EUR 51.660
Commerzbank AG 7.750 9/27/2019 EUR 73.520
Landesbank Baden-Wuertt 2.900 10/23/2020 EUR 56.420
UniCredit Bank AG 3.120 9/25/2020 EUR 56.720
UniCredit Bank AG 4.920 9/25/2020 EUR 58.970
UBS AG/London 7.250 9/27/2019 EUR 70.650
UBS AG/London 12.000 9/27/2019 EUR 64.350
UBS AG/London 12.000 9/27/2019 EUR 56.350
UBS AG/London 7.000 3/27/2020 CHF 58.800
EFG International Finan 8.000 10/11/2019 USD 57.480
UniCredit Bank AG 4.000 10/24/2021 EUR 69.620
Leonteq Securities AG/G 8.100 4/6/2020 CHF 64.300
Landesbank Hessen-Thuer 3.100 8/6/2019 EUR 61.000
Finca Uco Cjsc 6.000 2/25/2022 USD 25.275
Leonteq Securities AG/G 1.960 7/22/2019 EUR 40.000
Landesbank Baden-Wuertt 4.000 1/24/2020 EUR 67.990
Landesbank Baden-Wuertt 6.500 1/24/2020 EUR 64.950
HSBC Trinkaus & Burkhar 7.700 6/26/2020 EUR 66.320
HSBC Trinkaus & Burkhar 5.200 6/26/2020 EUR 70.480
HSBC Trinkaus & Burkhar 9.700 2/28/2020 EUR 61.920
HSBC Trinkaus & Burkhar 10.500 6/26/2020 EUR 63.620
UBS AG/London 11.000 11/7/2019 EUR 55.000
Commerzbank AG 17.750 6/28/2019 EUR 67.760
Commerzbank AG 16.750 6/28/2019 EUR 70.750
Landesbank Hessen-Thuer 3.000 10/20/2022 EUR 66.200
HSBC Trinkaus & Burkhar 6.500 10/25/2019 EUR 66.470
HSBC Trinkaus & Burkhar 6.400 11/22/2019 EUR 66.850
HSBC Trinkaus & Burkhar 6.300 1/24/2020 EUR 67.680
HSBC Trinkaus & Burkhar 9.500 2/28/2020 EUR 63.750
HSBC Trinkaus & Burkhar 6.300 2/28/2020 EUR 68.040
HSBC Trinkaus & Burkhar 12.300 6/26/2020 EUR 63.900
HSBC Trinkaus & Burkhar 7.600 6/26/2020 EUR 68.380
Landesbank Baden-Wuertt 2.350 6/26/2020 EUR 64.350
Landesbank Baden-Wuertt 3.700 6/26/2020 EUR 66.290
Landesbank Baden-Wuertt 2.750 6/28/2019 EUR 58.170
DekaBank Deutsche Giroz 2.000 10/16/2020 EUR 57.930
Samaratransneft-Termina 12.000 9/20/2022 RUB 0.300
UniCredit Bank AG 5.350 10/18/2020 EUR 59.770
Commerzbank AG 21.500 6/28/2019 EUR 50.300
Commerzbank AG 23.500 6/28/2019 EUR 49.410
Landesbank Hessen-Thuer 5.700 10/27/2022 EUR 66.420
UniCredit Bank AG 4.500 11/12/2022 EUR 63.580
Landesbank Baden-Wuertt 3.000 10/23/2020 EUR 52.780
DekaBank Deutsche Giroz 2.250 11/8/2022 EUR 73.890
Vontobel Financial Prod 8.000 6/28/2019 EUR 72.990
Vontobel Financial Prod 6.500 6/28/2019 EUR 64.990
Vontobel Financial Prod 14.000 1/3/2020 EUR 73.730
Vontobel Financial Prod 12.000 1/3/2020 EUR 75.850
Vontobel Financial Prod 8.000 8/23/2019 EUR 70.660
Vontobel Financial Prod 5.000 8/23/2019 EUR 69.250
Corner Banca SA 11.800 11/13/2019 CHF 61.030
Leonteq Securities AG 14.000 11/6/2019 CHF 56.890
Credit Suisse AG/Nassau 7.250 11/15/2019 CHF 63.780
Raiffeisen Centrobank A 11.000 8/7/2019 EUR 68.650
Leonteq Securities AG/G 10.000 2/7/2020 CHF 71.630
Vontobel Financial Prod 7.950 6/7/2019 EUR 54.930
Commerzbank AG 5.500 7/26/2019 EUR 72.530
Commerzbank AG 11.500 7/26/2019 EUR 61.480
Commerzbank AG 9.250 7/26/2019 EUR 39.620
Commerzbank AG 12.000 6/28/2019 EUR 60.540
DZ Bank AG Deutsche Zen 6.750 8/21/2019 EUR 62.230
DZ Bank AG Deutsche Zen 8.000 9/25/2019 EUR 58.520
Credit Suisse AG/Nassau 7.000 11/15/2019 EUR 61.510
Bank Julius Baer & Co L 9.650 8/14/2019 CHF 42.550
Credit Suisse AG/Nassau 9.500 11/18/2019 CHF 60.090
DekaBank Deutsche Giroz 4.820 8/7/2019 EUR 64.270
Landesbank Baden-Wuertt 3.260 8/23/2019 EUR 67.900
Commerzbank AG 11.250 7/26/2019 EUR 39.410
Commerzbank AG 7.750 6/28/2019 EUR 65.770
Commerzbank AG 9.750 6/28/2019 EUR 62.810
UBS AG/London 10.100 9/26/2019 EUR 60.600
UBS AG/London 7.600 6/27/2019 EUR 62.600
UBS AG/London 11.200 6/27/2019 EUR 58.300
UBS AG/London 7.200 3/26/2020 EUR 66.410
UBS AG/London 9.100 3/26/2020 EUR 63.880
Leonteq Securities AG/G 5.000 8/17/2020 CHF 73.030
UBS AG/London 15.300 6/27/2019 EUR 55.800
UBS AG/London 20.200 6/27/2019 EUR 65.910
UBS AG/London 2.800 1/2/2020 EUR 72.330
UBS AG/London 8.500 6/27/2019 EUR 68.520
UBS AG/London 6.000 6/27/2019 EUR 72.260
Commerzbank AG 9.500 5/24/2019 EUR 73.770
Leonteq Securities AG/G 10.000 11/20/2019 EUR 69.760
UBS AG/London 8.400 6/27/2019 EUR 74.080
UBS AG/London 25.400 9/26/2019 EUR 63.660
UBS AG/London 22.000 9/26/2019 EUR 69.340
Vontobel Financial Prod 14.000 12/31/2019 EUR 70.560
Vontobel Financial Prod 16.000 1/3/2020 EUR 71.740
Landesbank Baden-Wuertt 2.500 11/22/2019 EUR 59.920
Vontobel Financial Prod 12.500 9/27/2019 EUR 67.780
DZ Bank AG Deutsche Zen 6.500 9/23/2019 EUR 72.690
UBS AG/London 9.000 5/14/2020 CHF 70.500
Commerzbank AG 15.750 7/26/2019 EUR 71.810
DZ Bank AG Deutsche Zen 5.500 8/21/2019 EUR 62.780
DekaBank Deutsche Giroz 3.450 7/31/2020 EUR 63.060
Vontobel Financial Prod 9.500 8/8/2019 EUR 57.450
UBS AG/London 9.100 6/25/2020 EUR 61.500
UBS AG/London 9.700 1/2/2020 EUR 62.670
Zurcher Kantonalbank Fi 7.250 8/16/2019 EUR 62.390
UBS AG/London 23.000 9/26/2019 EUR 60.020
UBS AG/London 2.200 6/27/2019 EUR 71.190
UBS AG/London 3.600 6/27/2019 EUR 73.840
UBS AG/London 12.900 9/26/2019 EUR 61.900
UBS AG/London 2.600 9/26/2019 EUR 71.760
UBS AG/London 4.000 1/2/2020 EUR 73.730
Credit Suisse AG/Nassau 8.250 11/18/2019 EUR 64.060
Leonteq Securities AG/G 10.600 2/17/2020 CHF 56.740
Commerzbank AG 11.500 5/24/2019 EUR 70.810
Commerzbank AG 13.500 5/24/2019 EUR 68.270
Commerzbank AG 13.000 5/24/2019 EUR 54.910
Commerzbank AG 9.000 7/26/2019 EUR 62.030
Leonteq Securities AG/G 16.000 11/20/2019 USD 69.640
Corner Banca SA 10.000 2/20/2020 CHF 74.240
Commerzbank AG 11.000 5/24/2019 EUR 57.310
Vontobel Financial Prod 10.000 8/23/2019 EUR 65.830
Vontobel Financial Prod 12.000 8/23/2019 EUR 71.320
Landesbank Baden-Wuertt 5.000 1/24/2020 EUR 73.830
Landesbank Baden-Wuertt 7.000 1/24/2020 EUR 70.680
HSBC Trinkaus & Burkhar 10.300 6/26/2020 EUR 70.670
HSBC Trinkaus & Burkhar 1.880 3/27/2020 EUR 71.290
Commerzbank AG 1.580 9/16/2024 USD 4.030
Commerzbank AG 20.750 6/28/2019 EUR 75.130
Leonteq Securities AG/G 5.400 9/25/2019 CHF 55.190
Landesbank Hessen-Thuer 7.700 1/20/2023 EUR 61.070
Landesbank Hessen-Thuer 7.000 10/20/2022 EUR 65.150
Landesbank Baden-Wuertt 4.500 11/22/2019 EUR 55.840
Vontobel Financial Prod 11.000 1/3/2020 EUR 69.670
Commerzbank AG 14.750 8/23/2019 EUR 72.720
Commerzbank AG 16.500 7/26/2019 EUR 69.000
Commerzbank AG 14.750 6/28/2019 EUR 72.760
Bank Julius Baer & Co L 8.650 11/15/2019 EUR 68.600
Zurcher Kantonalbank Fi 7.500 11/15/2019 USD 63.460
Commerzbank AG 3.750 10/25/2019 EUR 64.490
Commerzbank AG 7.750 10/25/2019 EUR 55.210
UBS AG/London 19.300 9/26/2019 EUR 72.230
UBS AG/London 21.900 9/26/2019 EUR 70.400
UBS AG/London 16.200 9/26/2019 EUR 73.230
Vontobel Financial Prod 12.000 1/3/2020 EUR 68.840
DZ Bank AG Deutsche Zen 6.250 12/23/2019 EUR 73.030
DZ Bank AG Deutsche Zen 7.750 9/23/2019 EUR 74.320
HSBC Trinkaus & Burkhar 11.400 12/27/2019 EUR 67.550
HSBC Trinkaus & Burkhar 8.900 6/26/2020 EUR 71.130
HSBC Trinkaus & Burkhar 7.900 12/28/2020 EUR 73.960
UBS AG/London 9.500 9/13/2019 CHF 55.200
Zurcher Kantonalbank Fi 7.750 9/26/2019 EUR 55.640
EFG International Finan 6.600 9/28/2020 EUR 59.390
UniCredit Bank AG 5.400 10/30/2020 EUR 58.540
Commerzbank AG 16.250 8/23/2019 EUR 76.020
Raiffeisen Schweiz Geno 5.700 6/19/2019 CHF 70.120
UniCredit Bank AG 7.000 10/25/2019 EUR 66.320
Commerzbank AG 10.250 7/26/2019 EUR 70.410
Commerzbank AG 12.250 7/26/2019 EUR 68.260
Commerzbank AG 14.250 7/26/2019 EUR 66.500
Commerzbank AG 7.500 8/23/2019 EUR 74.360
Commerzbank AG 17.500 6/28/2019 EUR 54.910
Commerzbank AG 12.250 7/26/2019 EUR 60.340
Commerzbank AG 7.000 8/23/2019 EUR 69.360
Commerzbank AG 11.000 8/23/2019 EUR 61.970
Commerzbank AG 15.000 8/23/2019 EUR 57.320
Commerzbank AG 13.750 9/27/2019 EUR 58.540
Commerzbank AG 7.250 10/25/2019 EUR 69.000
Commerzbank AG 13.000 6/28/2019 EUR 70.840
Commerzbank AG 11.250 10/25/2019 EUR 61.720
DZ Bank AG Deutsche Zen 5.000 11/20/2019 EUR 67.190
Commerzbank AG 17.750 7/26/2019 EUR 75.400
UBS AG/London 8.750 4/27/2020 EUR 72.550
UBS AG/London 8.500 6/15/2020 USD 72.900
UBS AG/London 6.500 12/14/2020 EUR 63.950
UBS AG/London 5.000 6/13/2019 CHF 67.500
UBS AG/London 5.500 12/13/2019 CHF 74.350
Natixis SA 2.075 6/22/2020 EUR 68.476
Vontobel Financial Prod 7.000 6/28/2019 EUR 60.680
Vontobel Financial Prod 8.000 6/28/2019 EUR 59.420
Vontobel Financial Prod 8.550 6/28/2019 EUR 58.170
Vontobel Financial Prod 5.000 6/28/2019 EUR 65.560
Leonteq Securities AG 13.750 11/7/2019 CHF 56.400
Vontobel Financial Prod 8.000 6/28/2019 EUR 62.110
Bank Julius Baer & Co L 8.500 10/28/2019 EUR 60.400
Leonteq Securities AG 14.000 8/7/2019 CHF 46.920
Credit Suisse AG/Nassau 8.000 8/8/2019 EUR 58.550
DekaBank Deutsche Giroz 2.450 1/11/2021 EUR 66.440
Raiffeisen Schweiz Geno 5.000 12/22/2020 CHF 63.370
BNP Paribas Emissions- 9.000 6/27/2019 EUR 55.210
BNP Paribas Emissions- 12.000 6/27/2019 EUR 55.500
BNP Paribas Emissions- 4.500 6/27/2019 EUR 53.270
BNP Paribas Emissions- 6.000 6/27/2019 EUR 60.630
BNP Paribas Emissions- 18.000 6/27/2019 EUR 61.790
BNP Paribas Emissions- 5.500 6/27/2019 EUR 59.960
BNP Paribas Emissions- 9.500 6/27/2019 EUR 60.350
BNP Paribas Emissions- 17.000 6/27/2019 EUR 61.070
BNP Paribas Emissions- 11.000 6/27/2019 EUR 59.280
BNP Paribas Emissions- 19.000 6/27/2019 EUR 60.050
BNP Paribas Emissions- 8.000 6/27/2019 EUR 57.830
BNP Paribas Emissions- 10.000 6/27/2019 EUR 58.020
BNP Paribas Emissions- 7.500 6/27/2019 EUR 56.660
BNP Paribas Emissions- 6.500 12/30/2019 EUR 62.110
BNP Paribas Emissions- 11.000 12/30/2019 EUR 64.850
BNP Paribas Emissions- 19.000 12/30/2019 EUR 69.720
BNP Paribas Emissions- 5.000 12/30/2019 EUR 60.040
BNP Paribas Emissions- 7.000 12/30/2019 EUR 61.260
BNP Paribas Emissions- 9.000 12/30/2019 EUR 62.480
BNP Paribas Emissions- 9.500 12/30/2019 EUR 69.180
BNP Paribas Emissions- 17.000 12/30/2019 EUR 73.740
BNP Paribas Emissions- 6.000 6/27/2019 EUR 63.970
BNP Paribas Emissions- 8.000 6/27/2019 EUR 64.160
BNP Paribas Emissions- 9.500 6/27/2019 EUR 56.850
BNP Paribas Emissions- 13.000 6/27/2019 EUR 57.190
BNP Paribas Emissions- 17.000 6/27/2019 EUR 57.580
BNP Paribas Emissions- 8.500 6/27/2019 EUR 62.830
BNP Paribas Emissions- 19.000 6/27/2019 EUR 63.850
BNP Paribas Emissions- 7.500 6/27/2019 EUR 61.420
BNP Paribas Emissions- 13.000 6/27/2019 EUR 61.950
BNP Paribas Emissions- 3.000 12/30/2019 EUR 63.190
BNP Paribas Emissions- 3.000 9/26/2019 EUR 66.250
BNP Paribas Emissions- 3.500 6/27/2019 EUR 64.730
BNP Paribas Emissions- 3.000 9/26/2019 EUR 65.290
BNP Paribas Emissions- 6.000 6/27/2019 EUR 63.260
BNP Paribas Emissions- 7.500 6/27/2019 EUR 53.560
BNP Paribas Emissions- 13.000 6/27/2019 EUR 54.090
BNP Paribas Emissions- 7.500 12/30/2019 EUR 66.450
BNP Paribas Emissions- 5.000 12/30/2019 EUR 63.010
BNP Paribas Emissions- 12.000 12/30/2019 EUR 67.270
BNP Paribas Emissions- 7.500 12/30/2019 EUR 63.910
BNP Paribas Emissions- 13.000 12/30/2019 EUR 67.260
BNP Paribas Emissions- 4.500 12/30/2019 EUR 58.630
BNP Paribas Emissions- 8.500 12/30/2019 EUR 61.070
BNP Paribas Emissions- 6.500 12/30/2019 EUR 73.580
BNP Paribas Emissions- 8.000 12/30/2019 EUR 71.260
BNP Paribas Emissions- 3.500 12/30/2019 EUR 73.400
BNP Paribas Emissions- 15.000 12/30/2019 EUR 65.030
BNP Paribas Emissions- 16.000 12/30/2019 EUR 64.050
BNP Paribas Emissions- 4.500 12/30/2019 EUR 55.550
BNP Paribas Emissions- 8.500 12/30/2019 EUR 57.980
BNP Paribas Emissions- 11.000 12/30/2019 EUR 59.510
Vontobel Financial Prod 5.550 6/28/2019 EUR 61.880
Vontobel Financial Prod 3.500 6/28/2019 EUR 67.520
Vontobel Financial Prod 6.550 6/28/2019 EUR 59.760
Vontobel Financial Prod 12.000 6/28/2019 EUR 52.160
Vontobel Financial Prod 13.500 6/28/2019 EUR 50.620
UniCredit Bank AG 3.850 2/14/2021 EUR 67.600
Bayerische Landesbank 2.800 2/21/2020 EUR 67.430
Vontobel Financial Prod 4.300 11/4/2019 EUR 60.770
UBS AG/London 9.000 4/14/2020 CHF 69.900
UBS AG/London 11.000 10/11/2019 CHF 49.850
Credit Suisse AG/Nassau 8.000 10/23/2019 EUR 61.610
Deutsche Bank AG 4.200 6/25/2019 EUR 61.500
Deutsche Bank AG 6.200 6/25/2019 EUR 54.300
Deutsche Bank AG 4.200 9/24/2019 EUR 60.000
Deutsche Bank AG 4.200 9/24/2019 EUR 56.400
Deutsche Bank AG 6.200 9/24/2019 EUR 55.800
Deutsche Bank AG 4.200 12/24/2019 EUR 64.900
Deutsche Bank AG 4.200 12/24/2019 EUR 63.300
Deutsche Bank AG 4.200 12/24/2019 EUR 57.300
Deutsche Bank AG 6.200 12/24/2019 EUR 57.200
Deutsche Bank AG 8.200 6/25/2019 EUR 57.300
Deutsche Bank AG 8.200 6/25/2019 EUR 55.800
Deutsche Bank AG 8.200 9/24/2019 EUR 61.400
Deutsche Bank AG 8.200 9/24/2019 EUR 59.200
Deutsche Bank AG 8.200 9/24/2019 EUR 57.800
Deutsche Bank AG 8.200 12/24/2019 EUR 63.300
UniCredit Bank AG 5.700 5/14/2021 EUR 59.850
Landesbank Hessen-Thuer 5.500 5/25/2023 EUR 46.160
Corner Banca SA 11.000 12/18/2019 CHF 55.800
DZ Bank AG Deutsche Zen 5.700 6/26/2019 EUR 55.800
DZ Bank AG Deutsche Zen 8.000 6/26/2019 EUR 72.690
DZ Bank AG Deutsche Zen 11.300 6/26/2019 EUR 57.940
DZ Bank AG Deutsche Zen 13.500 6/26/2019 EUR 54.830
DZ Bank AG Deutsche Zen 5.400 6/26/2019 EUR 73.130
DZ Bank AG Deutsche Zen 7.900 6/26/2019 EUR 55.110
DZ Bank AG Deutsche Zen 7.600 6/26/2019 EUR 68.450
Vontobel Financial Prod 14.000 6/28/2019 EUR 63.600
HSBC Trinkaus & Burkhar 4.200 6/28/2019 EUR 69.580
HSBC Trinkaus & Burkhar 6.200 8/23/2019 EUR 69.310
HSBC Trinkaus & Burkhar 5.400 6/28/2019 EUR 35.110
HSBC Trinkaus & Burkhar 3.100 6/28/2019 EUR 58.420
HSBC Trinkaus & Burkhar 12.300 6/28/2019 EUR 52.850
HSBC Trinkaus & Burkhar 10.900 6/28/2019 EUR 54.610
HSBC Trinkaus & Burkhar 7.900 8/23/2019 EUR 59.720
HSBC Trinkaus & Burkhar 5.200 9/27/2019 EUR 64.100
HSBC Trinkaus & Burkhar 2.600 9/27/2019 EUR 71.340
HSBC Trinkaus & Burkhar 2.400 7/26/2019 EUR 71.550
HSBC Trinkaus & Burkhar 9.400 6/28/2019 EUR 53.350
HSBC Trinkaus & Burkhar 7.500 6/28/2019 EUR 56.290
HSBC Trinkaus & Burkhar 4.400 8/23/2019 EUR 67.080
Societe Generale SA 7.000 10/20/2020 USD 0.250
UBS AG/London 7.500 10/25/2019 CHF 61.100
UBS AG/London 7.000 12/14/2020 CHF 61.850
UBS AG/London 8.750 6/15/2020 EUR 69.200
UBS AG/London 7.400 6/13/2019 CHF 54.500
Landesbank Hessen-Thuer 3.100 8/13/2020 EUR 67.400
Vontobel Financial Prod 6.500 6/28/2019 EUR 62.880
Vontobel Financial Prod 9.500 6/28/2019 EUR 58.200
Vontobel Financial Prod 6.000 6/28/2019 EUR 59.500
Vontobel Financial Prod 8.000 6/28/2019 EUR 56.030
Bank Julius Baer & Co L 8.500 12/23/2019 EUR 73.200
Vontobel Financial Prod 4.200 9/27/2019 EUR 69.780
Leonteq Securities AG 16.000 11/4/2019 USD 56.790
Vontobel Financial Prod 5.500 6/28/2019 EUR 67.990
Vontobel Financial Prod 14.000 6/28/2019 EUR 53.290
Bank Julius Baer & Co L 7.700 9/20/2019 USD 50.900
Raiffeisen Schweiz Geno 8.200 8/7/2019 CHF 52.910
Raiffeisen Schweiz Geno 5.500 5/4/2020 CHF 62.810
Leonteq Securities AG/G 17.000 8/7/2019 USD 66.950
Raiffeisen Schweiz Geno 6.000 1/6/2020 CHF 52.660
BNP Paribas Emissions- 7.000 6/27/2019 EUR 55.020
BNP Paribas Emissions- 16.000 6/27/2019 EUR 55.890
BNP Paribas Emissions- 20.000 6/27/2019 EUR 56.270
BNP Paribas Emissions- 8.000 6/27/2019 EUR 60.830
UBS AG/London 6.750 10/11/2019 EUR 69.250
DekaBank Deutsche Giroz 4.250 11/9/2020 EUR 60.460
Bank Julius Baer & Co L 6.900 6/20/2019 CHF 60.250
Leonteq Securities AG 12.000 7/23/2019 CHF 44.360
Leonteq Securities AG 10.600 7/23/2019 CHF 62.390
Deutsche Bank AG 4.200 6/25/2019 EUR 63.300
Deutsche Bank AG 4.200 6/25/2019 EUR 56.800
Deutsche Bank AG 6.200 6/25/2019 EUR 57.000
Deutsche Bank AG 4.200 6/25/2019 EUR 55.400
Deutsche Bank AG 4.200 6/25/2019 EUR 54.100
Deutsche Bank AG 3.200 12/24/2019 EUR 63.600
Deutsche Bank AG 3.200 12/24/2019 EUR 61.100
Deutsche Bank AG 3.200 6/25/2019 EUR 60.200
Deutsche Bank AG 3.200 6/25/2019 EUR 69.600
Deutsche Bank AG 3.200 9/24/2019 EUR 73.900
Deutsche Bank AG 3.200 12/24/2019 EUR 60.600
Leonteq Securities AG 10.500 8/9/2019 CHF 25.400
Vontobel Financial Prod 7.500 6/28/2019 EUR 71.810
Vontobel Financial Prod 11.500 6/28/2019 EUR 66.750
Leonteq Securities AG 10.000 12/27/2019 EUR 62.170
Landesbank Baden-Wuertt 5.000 1/24/2020 EUR 66.810
Landesbank Baden-Wuertt 2.300 7/23/2021 EUR 71.790
DZ Bank AG Deutsche Zen 8.750 6/24/2019 EUR 72.420
DZ Bank AG Deutsche Zen 5.300 6/26/2019 EUR 50.160
DZ Bank AG Deutsche Zen 10.900 6/26/2019 EUR 52.560
Vontobel Financial Prod 10.550 6/28/2019 EUR 68.880
HSBC Trinkaus & Burkhar 6.400 8/23/2019 EUR 64.860
HSBC Trinkaus & Burkhar 9.000 6/28/2019 EUR 62.550
HSBC Trinkaus & Burkhar 5.000 8/23/2019 EUR 56.740
HSBC Trinkaus & Burkhar 6.500 8/23/2019 EUR 34.520
HSBC Trinkaus & Burkhar 4.200 8/23/2019 EUR 56.800
HSBC Trinkaus & Burkhar 5.200 8/23/2019 EUR 67.760
HSBC Trinkaus & Burkhar 5.200 8/23/2019 EUR 63.750
HSBC Trinkaus & Burkhar 2.500 8/23/2019 EUR 71.400
HSBC Trinkaus & Burkhar 2.300 6/28/2019 EUR 70.110
HSBC Trinkaus & Burkhar 5.700 8/23/2019 EUR 60.230
HSBC Trinkaus & Burkhar 9.700 6/28/2019 EUR 67.820
HSBC Trinkaus & Burkhar 8.000 6/28/2019 EUR 60.120
HSBC Trinkaus & Burkhar 4.300 9/27/2019 EUR 67.420
HSBC Trinkaus & Burkhar 3.500 6/28/2019 EUR 68.360
Vontobel Financial Prod 4.000 6/28/2019 EUR 68.280
Vontobel Financial Prod 4.550 6/28/2019 EUR 66.590
Vontobel Financial Prod 5.500 6/28/2019 EUR 65.030
Deutsche Bank AG 5.500 6/25/2019 EUR 57.100
Deutsche Bank AG 5.500 12/24/2019 EUR 59.900
Deutsche Bank AG 5.500 9/24/2019 EUR 69.700
Deutsche Bank AG 5.500 6/25/2019 EUR 70.800
Deutsche Bank AG 5.500 12/24/2019 EUR 72.600
Deutsche Bank AG 5.500 6/25/2019 EUR 55.600
Deutsche Bank AG 5.500 6/25/2019 EUR 73.400
Deutsche Bank AG 5.500 6/25/2019 EUR 66.800
Deutsche Bank AG 5.500 9/24/2019 EUR 74.200
Deutsche Bank AG 5.500 12/24/2019 EUR 75.100
Deutsche Bank AG 5.500 12/24/2019 EUR 68.700
Deutsche Bank AG 3.200 9/24/2019 EUR 68.800
Deutsche Bank AG 3.200 12/24/2019 EUR 69.500
Deutsche Bank AG 3.200 12/24/2019 EUR 66.200
Deutsche Bank AG 5.500 12/24/2019 EUR 55.500
Deutsche Bank AG 5.500 12/24/2019 EUR 50.300
Deutsche Bank AG 3.200 9/24/2019 EUR 65.600
Deutsche Bank AG 3.200 12/24/2019 EUR 68.900
Deutsche Bank AG 3.200 12/24/2019 EUR 62.700
Deutsche Bank AG 3.200 12/24/2019 EUR 60.300
Deutsche Bank AG 5.500 6/25/2019 EUR 60.300
Deutsche Bank AG 5.500 6/25/2019 EUR 56.300
Deutsche Bank AG 5.500 6/25/2019 EUR 31.400
Deutsche Bank AG 3.200 6/25/2019 EUR 64.200
Deutsche Bank AG 3.200 9/24/2019 EUR 69.300
Deutsche Bank AG 3.200 9/24/2019 EUR 68.000
Deutsche Bank AG 3.200 9/24/2019 EUR 64.900
Deutsche Bank AG 3.200 12/24/2019 EUR 71.600
Deutsche Bank AG 5.500 9/24/2019 EUR 62.300
Deutsche Bank AG 5.500 9/24/2019 EUR 59.900
Deutsche Bank AG 5.500 12/24/2019 EUR 67.300
Deutsche Bank AG 5.500 12/24/2019 EUR 63.500
Deutsche Bank AG 5.500 12/24/2019 EUR 61.200
Bank Julius Baer & Co L 5.350 6/19/2019 CHF 26.250
Deutsche Bank AG 3.200 9/24/2019 EUR 54.000
Deutsche Bank AG 3.200 12/24/2019 EUR 54.700
Deutsche Bank AG 3.200 6/25/2019 EUR 53.500
DZ Bank AG Deutsche Zen 5.000 6/26/2019 EUR 28.490
Bank Julius Baer & Co L 5.200 9/19/2019 CHF 74.550
Deutsche Bank AG 3.200 9/24/2019 EUR 63.000
Deutsche Bank AG 3.200 12/24/2019 EUR 69.300
Deutsche Bank AG 3.200 12/24/2019 EUR 66.200
Deutsche Bank AG 3.200 12/24/2019 EUR 63.300
Vontobel Financial Prod 6.000 6/28/2019 EUR 74.120
DZ Bank AG Deutsche Zen 9.500 6/26/2019 EUR 55.430
Vontobel Financial Prod 9.000 6/28/2019 EUR 60.260
DZ Bank AG Deutsche Zen 10.600 6/26/2019 EUR 69.410
Deutsche Bank AG 8.000 7/5/2019 EUR 71.460
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Rousel Elaine T. Fernandez, Joy A. Agravante,
Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.
Copyright 2019. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
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