/raid1/www/Hosts/bankrupt/TCREUR_Public/221212.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, December 12, 2022, Vol. 23, No. 241
Headlines
C Y P R U S
BANK OF CYPRUS: Fitch Hikes LongTerm IDR to 'B+', Outlook Positive
HELLENIC BANK: Fitch Hikes LongTerm IDR to 'BB-', Outlook Stable
G E R M A N Y
ATHENA BIDCO: Moody's Cuts CFR to B3 & Rates New EUR300MM Loan B3
WIRECARD AG: Former Chief Exec May Face 15-Year Jail Term
I R E L A N D
BILBAO CLO I: Moody's Affirms B2 Rating on EUR12MM Class E Notes
CLONTARF PARK: Moody's Affirms B1 Rating on EUR10.75MM Cl. E Notes
DRYDEN 103 EURO 2021: S&P Assigns B- (sf) Rating to Class F Notes
NEUBERGER BERMAN: Fitch Assigns 'B-sf' Rating on Class F Notes
I T A L Y
INTER MEDIA: S&P Puts 'B' Issue Rating on Secured Debt on Watch Neg
L U X E M B O U R G
TI LUXEMBOURG: S&P Withdraws 'B' Long-Term Issuer Credit Rating
N E T H E R L A N D S
SAMVARDHANA MOTHERSON: Fitch Affirms IDR at 'BB', Outlook Stable
UPFIELD BV: GBP700M Bank Debt Trades at 18% Discount
S P A I N
AI CANDELARIA (SPAIN): Fitch Affirms IDRs at 'BB', Outlook Stable
S W I T Z E R L A N D
ARCHROMA HOLDINGS: Moody's Affirms B2 CFR on Huntsman Transaction
ILIM TIMBER: Moody's Withdraws 'B3' Long Term Corp. Family Rating
U K R A I N E
UKREXIMBANK: Moody's Affirms Caa3 Deposit Rating, Outlook Negative
U N I T E D K I N G D O M
888 ACQUISITIONS: $75M Bank Debt Trades at 15% Discount
ASTON MIDCO: Moody's Lowers CFR to Caa1, Outlook Remains Stable
BEIJING BORGWARD: Declares Bankruptcy, Operation in China Ends
HARTLEY PENSIONS: Took Client Money Without Consent, FCA Says
HIMALAYAN ZEST: Directors Get 19-Year Disqualification Ban
M&CO: Goes Into Administration for Second Time
VTB CAPITAL: Put Into Administration in London
X X X X X X X X
[*] BOND PRICING: For the Week December 5 to December 9, 2022
- - - - -
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C Y P R U S
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BANK OF CYPRUS: Fitch Hikes LongTerm IDR to 'B+', Outlook Positive
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Fitch Ratings has upgraded Bank of Cyprus Public Company Limited's
(BoC) Long-Term Issuer Default Rating (IDR) to 'B+' from 'B-' and
Viability Rating (VR) to 'b+' from 'b-'. The Outlook on the
Long-Term IDR is Positive.
The two-notch upgrade reflects the execution of the sale of EUR0.6
billion non-performing exposures (NPEs, as defined by the European
Banking Authority) and EUR0.1 billion foreclosed real-estate
assets. The sale (project Helix 3) together with the organic
reduction of impaired assets, has improved BoC's asset quality,
resulting in a significant decline in the level of capital
encumbered by legacy problem assets (NPEs and net foreclosed
assets). The upgrade is also underpinned by Fitch's view of the
resilience of the Cypriot's economy, even in light of growing
economic uncertainties.
The Positive Outlook reflects improved recurring earnings prospects
for BoC from a less-risky balance sheet and strong benefits from
rising interest rates. Fitch also expects capital encumbrance by
net problem assets to decline further in the short to medium term.
KEY RATING DRIVERS
Asset Quality, Capital Underpin Ratings: BoC's ratings reflect
improving asset quality from weak levels, due to the completion of
Helix 3. However, a large portfolio of remaining foreclosed assets
results in still high but decreasing capital encumbrance by
unreserved problem assets. Ratings are also supported by a leading
franchise in Cyprus, improved profitability prospects due to higher
interest rates and cost savings from workforce reduction as well as
a stable deposit base.
Strengthened Operating Environment: The Cypriot banking sector has
made significant and continued progress since end-2019, improving
its resilience to shocks. Despite the coronavirus crisis, banks'
continued cleaning up their balance sheets while capitalisation and
profitability have further strengthened. Fitch expects Cypriot
banks to benefit from a strong economic recovery and interest rate
increases in 2022 before entering a tougher environment in 2023.
However, this should remain supportive of the banks' performance
and risk profiles. Nevertheless, Cypriot's economy remains small
and open, which makes it sensitive to shocks.
Leading Franchise in Cyprus: BoC is the largest bank in Cyprus,
albeit a small and narrow market. BoC's business model is centred
on traditional retail and commercial banking with some
diversification in insurance and payment. The reduction of stock of
legacy problem assets and improved profitability supports long-term
stability of the business profile.
Average NPEs Ratios, High Problem Assets: BoC's asset quality has
improved significantly due to organic reduction of legacy impaired
loans and execution of Helix 3. Nevertheless, the problem assets
ratio remains higher than peers, at about 16% at end-September
2022. Fitch expects new impaired loan formation to increase
slightly in 2023, but for the NPEs ratio to remain below 5% and
BoC's asset quality to continue to improve, mostly through organic
reduction of real estate foreclosed assets. Its assessment of asset
quality is supported by good quality of other earning assets (large
cash buffer and securities portfolio), but reflects still weaker
asset quality than higher-rated Southern European peers.
Interest-Driven Profitability, Reduced Costs: BoC's profitability
has been below global industry averages in recent years, although
de-leveraging has improved its ability to generate recurring
earnings. Fitch expects the bank to reach an operating
profit/risk-weighted assets (RWAs) of close to 2% in 2022. BoC's
earnings will strongly benefit from higher interest rates and
improved operational efficiency thanks to a reduction of the branch
network and the voluntary staff exit plan, which will reduce staff
costs by about 20% from 2023.
Decreasing but Still High Capital Encumbrance: The bank's phased-in
common equity Tier 1 (CET1) ratio was 14.7% at end-September 2022.
Fitch expects the CET1 ratio to be above 15% by end-2023 driven by
better earnings generation and retention. Capitalisation benefits
from improvement of asset quality. The encumbrance of fully-loaded
CET1 capital by unreserved problem assets fell slightly below 100%
at end-September 2022, but remains higher than most Southern
European peers. Nevertheless, this makes capital sensitive to
shocks and still not fully commensurate with its business and
financial risks.
Stable Deposit Base: BoC's funding is supported by a strong deposit
franchise in Cyprus, which is growing. As deposits exceed loans,
liquidity buffers are consistently strong. About 80% of BoC's
deposits are domestic and deposit preference in Cyprus contributes
to funding stability. BoC has restored its access to unsecured
wholesale funding. However, Fitch believes that funding remains
sensitive to investor-confidence shocks, although it proved fairly
stable recently.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
Fitch could revises the Outlook to Stable if Fitch no longer
expects asset quality to improve, specifically if there was a lower
reduction in foreclosed assets than currently anticipated.
Rating downside could also arise from strong economic shocks to the
Cypriot economy leading to a material deterioration of asset
quality, large credit losses and ultimately capital erosion. The
ratings could also come under pressure if BoC's profitability
remains weak, despite improvement of asset quality, illustrating
structural weaknesses of the business model.
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
The Positive Outlook on BoC's Long-Term IDR indicates that an
upgrade is likely in the next two years, notably if asset quality
and profitability continue to improve.
An improvement in capital encumbrance by net problem assets
significantly below 100% of fully-loaded CET1, driven by a
sustained reduction in the problem assets ratio below 10%, while
maintaining a CET1 ratio of about 14% would be a likely trigger for
an upgrade.
Improving operating profit/RWAs sustainably above 1.25% would also
be positive for the bank's ratings.
An upgrade of its assessment of operating environment in the 'bbb'
category would also benefit the ratings, and would require evidence
of continued economic growth in Cyprus supporting banks' business
opportunities, reduced private-sector indebtedness (including from
system-wide NPEs), or an upgrade of the sovereign rating.
OTHER DEBT AND ISSUER RATINGS: KEY RATING DRIVERS
SHORT-TERM IDR
BoC's Short-Term IDR of 'B' is in line with the 'B+' Long-Term IDR
under Fitch's rating correspondence table.
DEPOSIT RATINGS
Fitch has upgraded the long-term deposits ratings to 'BB-' from 'B'
and affirmed the short-term deposit ratings at 'B'. The long-term
deposit rating is one notch above the Long-Term IDR because of full
depositor preference in Cyprus, its expectation that BoC will
comply with its minimum requirement for own funds and eligible
liabilities (MREL) requirements over the medium term, and that
deposits will therefore benefit from the protection offered by more
junior bank resolution debt and equity, resulting in a lower
probability of default.
GOVERNMENT SUPPORT RATING (GSR)
BoC's Government Support Rating of 'no support' (ns), reflects
Fitch's view that although extraordinary sovereign support is
possible, it cannot be relied upon. The EU's Bank Recovery and
Resolution Directive and the Single Resolution Mechanism for
eurozone banks provide a framework for resolving banks that
requires senior creditors participating in losses, if necessary,
instead of or ahead of a bank receiving sovereign support. In its
view, senior creditors can therefore no longer expect to receive
full extraordinary support from the government in the event that
the bank becomes non-viable.
OTHER DEBT AND ISSUER RATINGS: RATING SENSITIVITIES
BoC's deposit ratings are primarily sensitive to changes in its
IDRs. The long-term deposit rating could be downgraded if Fitch
deemed BoC unable to increase the size of its senior and junior
debt buffers and comply with its final MREL.
An upgrade of the GSR would be contingent on a positive change in
the sovereign's propensity to support the bank. In Fitch's view,
this is highly unlikely, although not impossible.
VR ADJUSTMENTS
The operating environment score of 'bb' has been assigned below the
'bbb' category implied score, due to the following adjustment
reasons: size and structure of economy (negative), level and growth
of credit (negative).
The capitalisation & leverage score of 'b+' has been assigned below
the 'bb' category implied score, due to the following adjustment
reason: reserve coverage and asset valuation (negative).
ESG CONSIDERATIONS
The highest level of ESG credit relevance is a score of '3'. This
means ESG issues are credit neutral or have only a minimal credit
impact on the entity, either due to their nature or to the way in
which they are being managed by the entity. For more information on
our ESG relevance
Entity/Debt Rating Prior
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Bank of Cyprus
Public Company
Limited LT IDR B+ Upgrade B-
ST IDR B Affirmed B
Viability b+ Upgrade b-
Government Support ns Affirmed ns
long-term deposits LT BB- Upgrade B
short-term deposits ST B Affirmed B
HELLENIC BANK: Fitch Hikes LongTerm IDR to 'BB-', Outlook Stable
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Fitch Ratings has upgraded Hellenic Bank Public Company Limited's
(HB) Long-Term Issuer Default Rating (IDR) to 'BB-' from 'B', and
Viability Rating (VR) to 'bb-' from 'b'. The Outlook on the
Long-Term IDR is Stable.
The upgrade reflects the imminent completion of 'Project
Starlight', HB's securitisation and deconsolidation of a EUR0.74
billion gross non-performing exposures (NPE) portfolio and
including the sale of its debt servicing subsidiary. Following the
closing of the transaction, expected in early 2023, HB will be free
of most of its legacy NPEs and be able to focus on profitable
growth and improve operating efficiency.
The upgrade also reflects its expectation that HB's profitability
and internal capital generation will benefit from rising interest
rates and from the recent reduction in the bank's workforce. Fitch
also expects continued economic growth in Cyprus in 2023 and 2024
to support HB's asset quality and business prospects.
KEY RATING DRIVERS
Franchise, Capital Underpin Ratings: HB's ratings reflect its
strong competitive position as the second largest bank in the small
Cypriot economy, supporting its business prospects, stable
deposit-based funding and robust liquidity. They also reflect
above-average regulatory capital ratios and manageable asset
quality metrics.
Strengthened Operating Environment: Cypriot banks' have continued
cleaning up their balance sheets, and capitalisation and
profitability have strengthened since end-2019 despite the
pandemic. Cypriot banks have benefited from strong economic growth
and interest rate hikes in 2022. The economic environment is likely
to get tougher in 2023, but should remain resilient and supportive
of the banks' performance and risk profiles. Nevertheless, the
Cypriot economy remains small and open, which makes it sensitive to
shocks.
Limited Business Diversification: HB's business profile is
characterised by traditional commercial banking activities, with
limited diversification in fee-generating activities and insurance.
The bank operates almost exclusively domestically, where it has
strong market shares, especially towards households. Its assessment
of the business profile is constrained by Cyprus's small size and
high private sector indebtedness, which limit growth
opportunities.
Prudent Underwriting, Above-Average Concentrations: Fitch believes
that HB's underwriting standards are prudent and adapt quickly to
changing circumstances, and that risk controls and tools are
adequate for the bank's complexity. HB remains exposed to higher
single-name and industry concentrations than larger peers, due to
its small size and the composition of the local economy, which is
skewed towards tourism, trade and services. The bank also has large
exposure to Cypriot government bonds, although this is reducing.
Average NPE Ratio Following De-risking: HB's NPE ratio of 3.8% at
end-September 2022 (pro-forma for project Starlight and excluding
NPEs guaranteed by the Asset Protection Scheme, APS) is well below
historical peaks and broadly in line with Southern European
averages. Unlike some domestic peers, HB exposure to net foreclosed
assets is small. Inflationary pressures and higher energy prices
could put pressure on certain borrowers, but Fitch expects asset
quality deterioration to remain manageable.
Interest-Driven Profitability, Reduced Costs: HB's profitability is
primarily driven by healthy net interest income. Fitch expects
rising interest rates, the recently-completed voluntary exit scheme
and normalised loan impairment charges to result in structurally
higher profitability. However, its assessment remains constrained
by HB's limited business diversification in fee-generating
activities and limited scope for further operating efficiency
improvements, given the bank's small size and need to continue
investing in innovation.
Adequate Capital Buffers, Manageable Encumbrance: HB's pro-forma
phased-in common equity Tier 1 (CET1) ratio of 18.7% at
end-September 2022 has a significant buffer over regulatory
requirements and is above most Southern European peers. Fitch
estimates pro-forma capital encumbrance by unreserved problem
assets (which includes post-disposal NPEs and net foreclosed
assets, but excludes APS-guaranteed NPEs) of below 25% of
fully-loaded CET1 capital. Fitch believes this is a manageable
level.
Deposit-Based Funding, Sound Liquidity: HB's gross loans/deposits
ratio has fallen well below 50% in recent years due to continued
deposits growth, NPE disposals and prudent new loan origination.
HB's deposit base is stable and highly granular, owing to the
bank's strong franchise and retail focus. As deposits exceed loans,
liquidity buffers are consistently strong. HB recently completed an
inaugural wholesale debt issuance, but funding diversification
remains limited and market access less certain than at most
frequent and higher-rated issuers.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
Fitch could revise the Outlook to Negative if the economic
environment in Cyprus deteriorates sharply. This could be triggered
by an unexpected domestic economic recession and a sharp rise in
unemployment without prospects of a rebound in the short term,
leading to a material deterioration of borrowers' creditworthiness
and reduced business opportunities for banks.
Fitch could downgrade the ratings if Fitch expected HB's problem
asset ratio (which includes post-disposal NPEs and net foreclosed
assets, but excludes APS-guaranteed NPEs) to rise towards 10% on a
sustained basis, CET1 ratio to fall below 14% or CET1 capital
encumbrance by unreserved problem assets to rise significantly.
A decline of operating profit/risk-weighted assets (RWA) to below
1% of RWA due to structural weaknesses in HB's business model, or
evidence of funding instability and inability to access the
wholesale debt markets for a prolonged period, could also be rating
negative.
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
Upside for ratings would likely come from HB's demonstrated ability
to generate solid profitability levels, resulting in increased
financial flexibility and improved internal capital generation,
without compromising its risk profile.
An upgrade would also require improved long-term business model
sustainability by means of stronger revenue generation and
diversification in fee-generating activities, improved operating
efficiency or increased business scale. An upgrade would also
require a problem asset ratio of sustainably below 3%, maintenance
of the CET1 ratio above 14% with low CET1 capital encumbrance by
unreserved problem assets, operating profit/RWAs sustainably above
2.5%, and stable funding. Continued build-up of minimum requirement
for own funds and eligible liabilities (MREL) buffers could also be
rating positive.
An upgrade of its assessment of operating environment in the 'bbb'
category would also benefit the ratings, and would require evidence
of continued economic growth in Cyprus supporting banks' business
opportunities, reduced private-sector indebtedness (including from
system-wide NPEs), or an upgrade of the sovereign rating.
OTHER DEBT AND ISSUER RATINGS: KEY RATING DRIVERS
DEPOSITS
HB's long-term deposit rating is one notch above the Long-Term IDR
because of full depositor preference in Cyprus and its expectation
that HB will comply with its interim and final MREL, which will
become binding by end-2025. HB's resolution debt buffer is
currently modest, but Fitch expects it to gradually increase as the
bank aims to issue more MREL-eligible liabilities. Deposits will
therefore benefit from protection offered by more junior bank
resolution debt and equity, resulting in a lower probability of
default.
SENIOR PREFERRED (SP) DEBT
HB's SP debt is rated in line with its Long-Term IDR, reflecting
its view that the default risk of the notes is equivalent to that
of the bank as expressed by the IDR, and that SP obligations have
average recovery prospects. This is based on its expectation that
HB's resolution buffers under MREL will comprise both SP and more
junior debt instruments, as well as equity. The rating also
reflects its expectation that the combined buffer of Additional
Tier 1, Tier 2 and senior non-preferred (SNP) debt is unlikely to
sustainably exceed 10% of the bank's RWA.
SNP DEBT
SNP debt is rated one notch below the Long-Term IDR to reflect the
risk of below-average recoveries arising from the use of more
senior debt to meet resolution buffer requirements and the combined
buffer of Additional Tier 1, Tier 2 and SNP debt being unlikely to
exceed 10% of RWAs.
GOVERNMENT SUPPORT RATING (GSR)
HB's GSR of 'no support' (ns) reflects Fitch's view that senior
creditors cannot expect to receive full extraordinary support from
the sovereign if the bank becomes non-viable. This is due to the
EU's Bank Recovery and Resolution Directive and the Single
Resolution Mechanism for eurozone banks provide a framework for the
resolution of banks that requires senior creditors participating in
losses, if necessary, instead of, or ahead of, a bank receiving
sovereign support.
OTHER DEBT AND ISSUER RATINGS: RATING SENSITIVITIES
The SP, SNP debt and deposit ratings are primarily sensitive to
changes in the bank's Long-Term IDR. The SP and SNP debt ratings
could be upgraded by one notch if HB is expected to meet its
resolution buffer requirements only with SNP and more junior
instruments, or if the size of the combined buffer of SNP and
junior debt is expected to sustainably exceed 10% of RWA.
The long-term deposit rating could be downgraded if we deemed HB
unable to increase the size of its senior and junior debt buffers
and comply with its final MREL.
An upgrade of the GSR would be contingent on a positive change in
the sovereign's propensity to support the bank. In Fitch's view,
this is highly unlikely, although not impossible.
VR ADJUSTMENTS
The operating environment score of 'bb' has been assigned below the
'bbb' category implied score, due to the following adjustment
reasons: size and structure of economy (negative), level and growth
of credit (negative).
The asset quality score of 'bb-' has been assigned above the 'b &
below' category implied score due to the following adjustment
reason: historical and future metrics (positive).
The funding & liquidity score of 'bb-' has been assigned below the
'bbb' category implied score, due to the following adjustment
reason: non-deposit funding (negative).
ESG CONSIDERATIONS
The highest level of ESG credit relevance is a score of '3'. This
means ESG issues are credit neutral or have only a minimal credit
impact on the entity, either due to their nature or the way in
which they are being managed by the entity.
Entity/Debt Rating Prior
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Hellenic Bank
Company Limited LT IDR BB- Upgrade B
ST IDR B Affirmed B
Viability bb- Upgrade b
Government Support ns Affirmed ns
Senior preferred LT BB- Upgrade B
Senior
non-preferred LT B+ Upgrade B-
long-term
deposits LT BB Upgrade B+
short-term
deposits ST B Affirmed B
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G E R M A N Y
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ATHENA BIDCO: Moody's Cuts CFR to B3 & Rates New EUR300MM Loan B3
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Moody's Investors Service has downgraded Athena Bidco GmbH's (P&I)
corporate family rating and probability of default rating to B3 and
B3-PD from B2 and B2-PD, respectively. Concurrently, Moody's has
downgraded the instrument ratings on the EUR475 million senior
secured first lien term loan B due in 2027, the EUR30 million
senior secured first lien term loan due in 2027 and EUR50 million
senior secured revolving credit facility (RCF) due in 2026 to B3
from B2. Moody's has also assigned a B3 rating to the new EUR300
million senior secured first lien term loan B1 due 2027. The
outlook on all ratings remains stable.
RATINGS RATIONALE
The rating action reflects the significant re-leveraging following
the issuance of an additional non-fungible EUR300 million senior
secured first lien term loan B1 at Athena Bidco GmbH under the
existing documentation, the proceeds of which will be used to
partially repay shareholder loans. The transaction will result in a
re-leveraging of the company to levels not commensurate with the B2
rating. At closing, Moody's expect Moody's adjusted leverage to
reach 7.4x on a LTM September 2022 basis, comparing with 4.6x
excluding the transaction.
Moody's anticipates the company's growth potential will lead to a
deleveraging in the coming years, however, leverage is estimated to
remain within the B3 rating thresholds for the next 18-24 months.
Uncertainty as to how deteriorating economic conditions may impact
the business blur Moody's visibility regarding the timing and speed
of deleveraging, with risks to the downside. Moody's take comfort
from the fact that P&I derives more than 90% of its revenue from
upper midmarket and public sector customers that are, comparatively
to smaller scale SMEs, more resilient to recessions. Financial
policy decisions will also be key to the leverage profile. Any debt
funded shareholder friendly action (e.g. repaying the remainder
shareholder loans of EUR221 million) may significantly alter the
deleveraging path, but Moody's believe the likelihood of such
actions is positively correlated with the pace of deleveraging and
hence have a limited impact on P&Is credit profile.
In spite of higher interest rate costs (margin in the new facility
is 6.25%, comparing with 3.25% in the existing term loan), Moody's
estimate free cash flow generation will remain above EUR30 million
annually. A PIK option on EUR100 million of the new term loan and
an Euribor cap at 2.5% for the next three years on EUR675 million
debt quantum (non-PIK debt) offers levers to protect FCF in case of
need and decrease exposure to the European Central Bank's interest
rate policy decisions.
P&I's rating reflects the company's strong track record of growing
revenue and EBITDA, generating positive free cash flow (FCF) and
successfully transition to the cloud/subscription model. High
renewal rates and switching costs characteristic of enterprise
software companies and good revenue visibility supported by a high
share (around 80%) of recurring revenue also support the rating. At
the same time, the rating is constrained by the relatively small
size of the business, the concentration in HR/payroll-related
software in German-speaking regions in Europe and the risk of
customers switching gradually to larger providers with a more
comprehensive enterprise resource planning (ERP) system offering or
disruption from smaller and highly specialised vendors.
LIQUIDITY
P&I's liquidity is adequate. As of September 2022, the company had
EUR36 million cash on balance sheet. In addition, the company has
access to the undrawn RCF of EUR50 million due September 2026.
Moody's also expect the company to continue to generate solid FCF
(after interest payments) of at least EUR30 million per year.
The company tends to receive customer payments in the first quarter
of the calendar year followed by a working capital unwind of
deferred revenue over the remainder of the year. Hence, March tends
to be the high point during the year in terms of liquidity with a
reduction of around EUR40 million in the following nine months to
December. There is one financial covenant in the debt documentation
only tested when the RCF is drawn more than 40%, under which
Moody's expect the company to retain solid capacity.
STRUCTURAL CONSIDERATIONS
The B3 rating on the instruments, in line with the CFR, reflect the
pari passu capital structure comprising the EUR475 million senior
secured first lien term loan B due March 2027, the new EUR300
million senior secured first lien term loan B1, the EUR30 million
senior secured first lien term loan due March 2027 and the EUR50
million RCF due September 2026. The debt security includes material
operating assets of the company and are guaranteed by material
subsidiaries accounting for at least 80% of consolidated EBITDA.
RATING OUTLOOK
The stable rating outlook reflects Moody's expectation that P&I
will continue its successful transition to the cloud/subscription
model and remain FCF generative, with leverage remaining within the
B3 rating thresholds for the next 18-24 months. The ratings and
outlook do not incorporate any debt-funded acquisitions and
shareholder distributions.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Upward pressure on the rating could occur if Moody's adjusted
leverage were to be maintained below 6.0x on a sustained basis,
while the company generates solid free cash flow at above 5% FCF to
Debt. More clarity on financial policy could also be positive for
the rating.
The rating could be downgraded as a result of increasing
competitive pressure leading to higher churn rate, EBITDA
stagnating or declining, leverage increasing above 7.5x, or FCF to
debt declining to below 0%.
LIST OF AFFECTED RATINGS:
Issuer: Athena Bidco GmbH
Assignments:
Senior Secured Bank Credit Facility, Assigned B3
Downgrades:
LT Corporate Family Rating, Downgraded to B3 from B2
Probability of Default Rating, Downgraded to B3-PD from B2-PD
Senior Secured Bank Credit Facility, Downgraded to B3 from B2
Outlook Actions:
Outlook, Remains Stable
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Software
published in June 2022.
COMPANY PROFILE
Athena Bidco GmbH is, through holding companies, the parent of P&I
Personal & Informatik AG, a provider of HR-related software
solutions to public and small and medium-sized private entities,
predominantly in Germany, but also in Austria and Switzerland. The
majority owner is Hg, while former majority owner Permira and
management hold minority stakes. The company generated EUR191
million of revenue and EUR108 million of reported EBITDA in the 12
months that ended September 2022.
WIRECARD AG: Former Chief Exec May Face 15-Year Jail Term
---------------------------------------------------------
Olaf Storbeck at The Financial Times reports that Wirecard's former
chief executive Markus Braun sat through four hours of criminal
charges in an underground courtroom on Dec. 8 at the opening of a
trial into the collapse of the once high-flying German payments
group.
Prosecutors in Munich read out 89 pages of charges against Mr.
Braun, Wirecard's ex-head of accounting Stephan von Erffa and
former Dubai-based manager Oliver Bellenhaus, accusing them of
running a "criminal racket" at the top of one of Germany's largest
listed companies that committed fraud worth billions of euros, the
FT relates.
Mr. Braun, wearing his signature black turtleneck, was charged with
four counts of accounting manipulation, 26 of market manipulation
and six apiece of fraud and embezzlement, the FT notes. Should he
be found guilty on all charges he could face a jail term of up to
15 years, the FT states.
Prosecutors are demanding repayment in cash of EUR91.3 million from
Mr. Braun and his family office, EUR5.9 million from Mr. Bellenhaus
and EUR3.2 million from Mr. von Erffa, the FT discloses.
Jan Marsalek, Wirecard's former second-in-command, was not in the
dock as he has been on the run since June 2020, with German law
enforcement officials suspecting he is hiding in Russia, the FT
notes.
Prosecutors allege that the gang at the top of Wirecard operated
for more than five years, forging documents and lying to auditors
and investors to hide huge operational losses, inflate the group's
share price and fraudulently raise more than EUR3 billion in debt,
the FT relates. The defendants were also accused of siphoning off
at least EUR255 million of corporate funds by granting loans to
sham business partners, the FT notes.
The trial is expected to run well into 2024, the FT states.
Messrs. Braun and von Erffa deny wrongdoing.
Mr. Bellenhaus has turned chief witness and "intends to continue
his co-operative behaviour", according to a pre-trial statement by
his lawyers who stressed he would "take responsibility" for his
actions, the FT relates.
Both Messrs. Braun and Bellenhaus are in police custody and during
the trial will be held in Stadelheim prison adjacent to the
courtroom because both are considered flight risks, the FT states.
Mr. Von Erffa was released on bail last year, the FT recounts.
At the core of the case is Wirecard's outsourced payments business
in Asia, which on paper accounted for half the group's revenue, the
bulk of its operating profits and about EUR1.9 billion in corporate
cash purportedly held in escrow accounts in Asia, according to the
FT.
=============
I R E L A N D
=============
BILBAO CLO I: Moody's Affirms B2 Rating on EUR12MM Class E Notes
----------------------------------------------------------------
Moody's Investors Service has upgraded the ratings on the following
notes issued by Bilbao CLO I Designated Activity Company:
EUR28,500,000 Class A-2A Senior Secured Floating Rate Notes due
2031, Upgraded to Aa1 (sf); previously on Jun 26, 2018 Definitive
Rating Assigned Aa2 (sf)
EUR10,000,000 Class A-2B Senior Secured Fixed Rate Notes due 2031,
Upgraded to Aa1 (sf); previously on Jun 26, 2018 Definitive Rating
Assigned Aa2 (sf)
EUR27,000,000 Class B Senior Secured Deferrable Floating Rate
Notes due 2031, Upgraded to A1 (sf); previously on Jun 26, 2018
Definitive Rating Assigned A2 (sf)
Moody's has also affirmed the ratings on the following notes:
EUR206,000,000 Class A-1A Senior Secured Floating Rate Notes due
2031, Affirmed Aaa (sf); previously on Jun 26, 2018 Definitive
Rating Assigned Aaa (sf)
EUR30,000,000 Class A-1B Senior Secured Fixed Rate Notes due 2031,
Affirmed Aaa (sf); previously on Jun 26, 2018 Definitive Rating
Assigned Aaa (sf)
EUR9,000,000 Class A-1C Senior Secured Floating Rate Notes due
2031, Affirmed Aaa (sf); previously on Jun 26, 2018 Definitive
Rating Assigned Aaa (sf)
EUR21,000,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2031, Affirmed Baa2 (sf); previously on Jun 26, 2018
Definitive Rating Assigned Baa2 (sf)
EUR28,500,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2031, Affirmed Ba2 (sf); previously on Jun 26, 2018
Definitive Rating Assigned Ba2 (sf)
EUR12,000,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2031, Affirmed B2 (sf); previously on Jun 26, 2018
Definitive Rating Assigned B2 (sf)
Bilbao CLO I Designated Activity Company, issued in June 2018, is a
collateralised loan obligation (CLO) backed by a portfolio of
mostly high-yield senior secured European loans. The portfolio is
managed by Guggenheim Partners Europe Limited. The transaction's
reinvestment period ended in September 2022.
RATINGS RATIONALE
The rating upgrades on the Class A-2A, A-2B and B Notes are
primarily a result of the transaction having reached the end of the
reinvestment period in September 2022.
The rating affirmations on the Class A-1A, A-1B, A-1C, C, D and E
Notes reflect the expected losses of the notes continuing to remain
consistent with their current ratings after taking into account the
CLO's latest portfolio, its relevant structural features and its
actual over-collateralization levels.
In light of reinvestment restrictions during the amortisation
period, and therefore the limited ability to effect significant
changes to the current collateral pool, Moody's analysed the deal
assuming a higher likelihood that the collateral pool
characteristics would maintain an adequate buffer relative to
certain covenant requirements. In particular, Moody's assumed that
the deal will benefit from a shorter amortisation profile than it
had assumed at the last review in April 2022.
The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers.
In its base case, Moody's used the following assumptions:
Performing par and principal proceeds balance: EUR400.025m
Diversity Score: 47
Weighted Average Rating Factor (WARF): 2944
Weighted Average Life (WAL): 4.28 years
Weighted Average Spread (WAS) (before accounting for Euribor
floors): 3.72%
Weighted Average Coupon (WAC): 4.14%
Weighted Average Recovery Rate (WARR): 44.76%
The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on future
defaults is based primarily on the seniority of the assets in the
collateral pool. In each case, historical and market performance
and a collateral manager's latitude to trade collateral are also
relevant factors. Moody's incorporates these default and recovery
characteristics of the collateral pool into its cash flow model
analysis, subjecting them to stresses as a function of the target
rating of each CLO liability it is analysing.
Methodology Underlying the Rating Action:
The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2021.
Counterparty Exposure:
The rating action took into consideration the notes' exposure to
relevant counterparties, such as account bank, using the
methodology "Moody's Approach to Assessing Counterparty Risks in
Structured Finance" published in June 2022. Moody's concluded the
ratings of the notes are not constrained by these risks.
Factors that would lead to an upgrade or downgrade of the ratings:
The rated notes' performance is subject to uncertainty. The notes'
performance is sensitive to the performance of the underlying
portfolio, which in turn depends on economic and credit conditions
that may change. The collateral manager's investment decisions and
management of the transaction will also affect the notes'
performance.
Additional uncertainty about performance is due to the following:
Portfolio amortisation: The main source of uncertainty in this
transaction is the pace of amortisation of the underlying
portfolio, which can vary significantly depending on market
conditions and have a significant impact on the notes' ratings.
Amortisation could accelerate as a consequence of high loan
prepayment levels or collateral sales by the collateral manager or
be delayed by an increase in loan amend-and-extend restructurings.
Fast amortisation would usually benefit the ratings of the notes
beginning with the notes having the highest prepayment priority.
In addition to the quantitative factors that Moody's explicitly
modelled, qualitative factors are part of the rating committee's
considerations. These qualitative factors include the structural
protections in the transaction, its recent performance given the
market environment, the legal environment, specific documentation
features, the collateral manager's track record and the potential
for selection bias in the portfolio. All information available to
rating committees, including macroeconomic forecasts, input from
other Moody's analytical groups, market factors, and judgments
regarding the nature and severity of credit stress on the
transactions, can influence the final rating decision.
CLONTARF PARK: Moody's Affirms B1 Rating on EUR10.75MM Cl. E Notes
------------------------------------------------------------------
Moody's Investors Service has upgraded the rating on the following
notes issued by Clontarf Park CLO Designated Activity Company:
EUR21,000,000 Class B Senior Secured Deferrable Floating Rate
Notes due 2030, Upgraded to Aa2 (sf); previously on Mar 14, 2022
Affirmed Aa3 (sf)
Moody's has also affirmed the ratings on the following notes:
EUR240,000,000 (Current outstanding amount EUR143,530,000) Class
A-1 Senior Secured Floating Rate Notes due 2030, Affirmed Aaa (sf);
previously on Mar 14, 2022 Affirmed Aaa (sf)
EUR20,000,000 Class A-2A1 Senior Secured Floating Rate Notes due
2030, Affirmed Aaa (sf); previously on Mar 14, 2022 Upgraded to Aaa
(sf)
EUR23,000,000 Class A-2A2 Senior Secured Floating Rate Notes due
2030, Affirmed Aaa (sf); previously on Mar 14, 2022 Upgraded to Aaa
(sf)
EUR10,000,000 Class A-2B Senior Secured Fixed Rate Notes due 2030,
Affirmed Aaa (sf); previously on Mar 14, 2022 Upgraded to Aaa (sf)
EUR20,500,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed A3 (sf); previously on Mar 14, 2022
Upgraded to A3 (sf)
EUR25,000,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed Ba2 (sf); previously on Mar 14, 2022
Affirmed Ba2 (sf)
EUR10,750,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed B1 (sf); previously on Mar 14, 2022
Upgraded to B1 (sf)
Clontarf Park CLO Designated Activity Company, issued in July 2017,
is a collateralised loan obligation (CLO) backed by a portfolio of
mostly high-yield senior secured European loans. The portfolio is
managed by Blackstone Ireland Limited. The transaction's
reinvestment period ended in August 2021.
RATINGS RATIONALE
The rating upgrade on the Class B Notes is primarily a result of
the deleveraging of the senior notes following amortisation of the
underlying portfolio since the last rating action in March 2022.
The Class A-1 Notes have paid down by approximately EUR41.4 million
(24.0%) since the last rating action in March 2022 and EUR96.5
million (40.2%) since closing. As a result of the deleveraging,
over-collateralisation (OC) has increased across the capital
structure. According to the trustee report dated October 2022 [1]
the Class A, Class B, Class C and Class D OC ratios are reported at
151.4%, 137.1%, 125.6% and 113.9% compared to February 2022 [2]
levels of 144.7%, 132.9%, 123.2% and 113.0%, respectively.
In light of reinvestment restrictions during the amortisation
period, and therefore the limited ability to effect significant
changes to the current collateral pool, Moody's analysed the deal
assuming a higher likelihood that the collateral pool
characteristics would maintain an adequate buffer relative to
certain covenant requirements. In particular, Moody's assumed that
the deal will benefit from a shorter amortisation profile and than
it had assumed at the last rating action in March 2022.
The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers.
In its base case, Moody's used the following assumptions:
Performing par and principal proceeds balance: EUR302.04m
Defaulted Securities: none
Diversity Score: 47
Weighted Average Rating Factor (WARF): 3030
Weighted Average Life (WAL): 3.19 years
Weighted Average Spread (WAS) (before accounting for Euribor
floors): 3.47%
Weighted Average Coupon (WAC): 3.25%
Weighted Average Recovery Rate (WARR): 45.27%
Par haircut in OC tests and interest diversion test: 0.54%
The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on future
defaults is based primarily on the seniority of the assets in the
collateral pool. In each case, historical and market performance
and a collateral manager's latitude to trade collateral are also
relevant factors. Moody's incorporates these default and recovery
characteristics of the collateral pool into its cash flow model
analysis, subjecting them to stresses as a function of the target
rating of each CLO liability it is analysing.
Moody's notes that the November 2022 trustee report was published
at the time it was completing its analysis of the October 2022
data. Key portfolio metrics such as WARF, diversity score, weighted
average spread and life, and OC ratios exhibit little or no change
between these dates.
Methodology Underlying the Rating Action:
The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2021.
Counterparty Exposure:
The rating action took into consideration the notes' exposure to
relevant counterparties, such as account bank and swap providers,
using the methodology "Moody's Approach to Assessing Counterparty
Risks in Structured Finance" published in June 2022. Moody's
concluded the ratings of the notes are not constrained by these
risks.
Factors that would lead to an upgrade or downgrade of the ratings:
The rated notes' performance is subject to uncertainty. The notes'
performance is sensitive to the performance of the underlying
portfolio, which in turn depends on economic and credit conditions
that may change. The collateral manager's investment decisions and
management of the transaction will also affect the notes'
performance.
Additional uncertainty about performance is due to the following:
Portfolio amortisation: The main source of uncertainty in this
transaction is the pace of amortisation of the underlying
portfolio, which can vary significantly depending on market
conditions and have a significant impact on the notes' ratings.
Amortisation could accelerate as a consequence of high loan
prepayment levels or collateral sales by the collateral manager or
be delayed by an increase in loan amend-and-extend restructurings.
Fast amortisation would usually benefit the ratings of the notes
beginning with the notes having the highest prepayment priority.
In addition to the quantitative factors that Moody's explicitly
modelled, qualitative factors are part of the rating committee's
considerations. These qualitative factors include the structural
protections in the transaction, its recent performance given the
market environment, the legal environment, specific documentation
features, the collateral manager's track record and the potential
for selection bias in the portfolio. All information available to
rating committees, including macroeconomic forecasts, input from
other Moody's analytical groups, market factors, and judgments
regarding the nature and severity of credit stress on the
transactions, can influence the final rating decision.
DRYDEN 103 EURO 2021: S&P Assigns B- (sf) Rating to Class F Notes
-----------------------------------------------------------------
S&P Global Ratings assigned credit ratings to Dryden 103 Euro CLO
2021 DAC's class B-1 to F European cash flow CLO notes. At closing,
the issuer also issued the unrated class A and subordinated notes.
Under the transaction documents, the rated notes pay quarterly
interest unless a frequency switch event occurs. Following this,
the notes will permanently switch to semiannual payments.
The portfolio's reinvestment period will end approximately five
years after closing, and the non-call period will end two years
after closing.
The ratings reflect S&P's assessment of:
-- The diversified collateral pool, which primarily comprises
broadly syndicated speculative-grade senior-secured term loans and
bonds that are governed by collateral quality tests.
-- The credit enhancement provided through the subordination of
cash flows, excess spread, and overcollateralization.
-- The collateral manager's experienced team, which can affect the
performance of the rated notes through collateral selection,
ongoing portfolio management, and trading.
-- The transaction's legal structure, which is bankruptcy remote.
-- The transaction's counterparty risks, which are in line with
S&P's counterparty rating framework.
Portfolio Benchmarks
CURRENT
S&P weighted-average rating factor 2,847.19
Default rate dispersion 476.53
Weighted-average life, including reinvestment (years) 5.11
Weighted-average life, excluding reinvestment (years) 4.77
Obligor diversity measure 114.94
Industry diversity measure 25.31
Regional diversity measure 1.16
Transaction Key Metrics
CURRENT
Portfolio weighted-average rating
derived from S&P's CDO evaluator B
'CCC' category rated assets (%) 3.13
Covenanted 'AAA' weighted-average recovery (%) 35.00
Floating-rate assets (%) 81.37
Weighted-average spread (net of floors; %) 4.16
The portfolio is well-diversified, primarily comprising broadly
syndicated speculative-grade senior-secured term loans and
senior-secured bonds. Therefore, S&P has conducted its credit and
cash flow analysis by applying its criteria for corporate cash flow
CDOs.
Under the transaction documents, the issuer can purchase loss
mitigation obligations, which are assets of an existing collateral
obligation held by the issuer offered in connection with
bankruptcy, workout, or restructuring of an obligation, to improve
the recovery value of the related collateral obligation.
The issuer may purchase loss mitigation obligations using either
interest proceeds, principal proceeds, or amounts standing to the
credit of the supplemental reserve account. The use of interest
proceeds to purchase loss mitigation obligations are subject to all
the interest coverage tests passing following the purchase and the
manager determining there are sufficient interest proceeds to pay
interest on all the rated notes on the upcoming payment date
including senior expenses. The usage of principal proceeds is
subject to the following conditions:
-- The aggregate collateral balance remaining above reinvestment
target par. However, given that defaulted obligations are carried
at par (rather than at recoveries), S&P has looked to the other
mitigants assuming that the maintenance of the reinvestment target
par condition is not met.
-- The par coverage tests passing following the purchase, other
than the class F par coverage tests. As a result, S&P has assumed
no credit given to the class F par coverage and interest diversion
tests under our cash flow modelling analysis.
-- The obligation meeting the restructured obligation criteria.
-- The obligation being pari passu or senior to the obligation
already held by the issuer.
-- Its maturity falling before the rated notes' maturity date.
-- It was not purchased at a premium.
S&P said, "In our cash flow analysis, we used the EUR400 million
target par amount, the covenanted weighted-average spread (4.05%),
and the covenanted weighted-average coupon (4.85%) as indicated by
the collateral manager. We have assumed covenant weighted-average
recovery rates for all rating levels. We applied various cash flow
stress scenarios, using four different default patterns, in
conjunction with different interest rate stress scenarios for each
liability rating category.
"Our credit and cash flow analysis show that the class B-1, B-2, C,
D, and E notes benefit from break-even default rate (BDR) and
scenario default rate cushions that we would typically consider to
be in line with higher ratings than those assigned. However, as the
CLO is still in its reinvestment phase, during which the
transaction's credit risk profile could deteriorate, we have capped
our ratings on the notes.
"The class F notes' current BDR cushion is a negative cushion at
the current rating level. Nevertheless, based on the portfolio's
actual characteristics and additional overlaying factors, including
our long-term corporate default rates and recent economic outlook
we believe this class is able to sustain a steady-state scenario,
in accordance with our criteria." S&P analyses further reflects
several factors, including:
-- The class F notes' available credit enhancement, which is in
the same range as that of other CLOs S&P has rated and that has
recently been issued in Europe.
-- S&P's model-generated portfolio default risk, which is at the
'B-' rating level at 27.40% (for a portfolio with a
weighted-average life of 5.11 years) versus 15.84% if it was to
consider a long-term sustainable default rate of 3.1% for 5.11
years.
-- Whether the tranche is vulnerable to nonpayment in the near
future.
-- If there is a one-in-two chance for this note to default.
-- If S&P envisions this tranche to default in the next 12-18
months.
-- Following this analysis, S&P considers that the available
credit enhancement for the class F notes is commensurate with the
assigned 'B- (sf)' rating.
Until the end of the reinvestment period on Jan. 19, 2028, the
collateral manager may substitute assets in the portfolio for so
long as S&P's CDO Monitor test is maintained or improved in
relation to the initial ratings on the notes. This test looks at
the total amount of losses that the transaction can sustain as
established by the initial cash flows for each rating, and it
compares that with the current portfolio's default potential plus
par losses to date. As a result, until the end of the reinvestment
period, the collateral manager may through trading deteriorate the
transaction's current risk profile, as long as the initial ratings
are maintained.
S&P said, "Under our structured finance sovereign risk criteria, we
consider that the transaction's exposure to country risk is
sufficiently mitigated at the assigned ratings.
"The transaction's documented counterparty replacement and remedy
mechanisms adequately mitigate its exposure to counterparty risk
under our current counterparty criteria.
"The transaction's legal structure and framework is bankruptcy
remote, in line with our legal criteria.
"Following our analysis of the credit, cash flow, counterparty,
operational, and legal risks, we believe our ratings are
commensurate with the available credit enhancement for the class
B-1 to F notes.
"In addition to our standard analysis, to provide an indication of
how rising pressures among speculative-grade corporates could
affect our ratings on European CLO transactions, we have also
included the sensitivity of the ratings on the class B-1 to E
notes, based on four hypothetical scenarios.
"As our ratings analysis makes additional considerations before
assigning ratings in the 'CCC' category, and we would assign a 'B-'
rating if the criteria for assigning a 'CCC' category rating are
not met, we have not included the above scenario analysis results
for the class F notes."
The transaction securitizes a portfolio of primarily senior-secured
leveraged loans and bonds, and it will be managed by PGIM Loan
Originator Manager Ltd.
Environmental, social, and governance (ESG)
S&P said, "We regard the exposure to ESG credit factors in the
transaction as being broadly in line with our benchmark for the
sector. Primarily due to the diversity of the assets within CLOs,
the exposure to environmental credit factors is viewed as below
average, social credit factors are below average, and governance
credit factors are average. For this transaction, the documents
prohibit or restrict assets from being related to the following
industries: production of controversial weapons; trade of illegal
drugs or narcotics; production of civilian firearms; predatory
lending; extraction of thermal coal and fossil fuels from
unconventional sources; production of or trade in pornography,
adult entertainment, or prostitution; production of tobacco or
tobacco products, trade or production in non-sustainable palm oil;
speculative transactions of soft commodities; opioid marketing and
distribution; and the sale or promotion of marijuana. Accordingly,
since the exclusion of assets from these industries does not result
in material differences between the transaction and our ESG
benchmark for the sector, no specific adjustments have been made in
our rating analysis to account for any ESG-related risks or
opportunities."
Environmental, social, and governance (ESG) corporate credit
indicators
S&P said, "The influence of ESG factors in our credit rating
analysis of European CLOs primarily depends on the influence of ESG
factors in our analysis of the underlying corporate obligors. To
provide additional disclosure and transparency of the influence of
ESG factors for the CLO asset portfolio in aggregate, we've
calculated the weighted-average and distributions of our ESG credit
indicators for the underlying obligors. We regard this
transaction's exposure as being broadly in line with our benchmark
for the sector, with the environmental and social credit indicators
concentrated primarily in category 2 (neutral) and the governance
credit indicators concentrated in category 3 (moderately
negative)."
Corporate ESG Credit Indicators
ENVIRONMENTAL SOCIAL GOVERNANCE
Weighted-average credit indicator* 2.08 2.12 2.98
E-1/S-1/G-1 distribution (%) 1.00 0.50 0.00
E-2/S-2/G-2 distribution (%) 72.62 72.61 8.65
E-3/S-3/G-3 distribution (%) 6.85 5.30 66.93
E-4/S-4/G-4 distribution (%) 0.38 2.44 3.77
E-5/S-5/G-5 distribution (%) 0.00 0.00 1.50
Unmatched obligor (%) 13.73 13.73 13.73
Unidentified asset (%) 5.42 5.42 5.42
*Only includes matched obligor
Ratings List
CLASS RATING AMOUNT INTEREST RATE (%) CREDIT
(MIL. EUR) ENHANCEMENT
(%)
A NR 236.00 3/6-month EURIBOR + 2.20 41.00
B-1 AA (sf) 21.00 3/6-month EURIBOR + 3.89 30.75
B-2 AA (sf) 20.00 7.50 30.75
C A (sf) 21.00 3/6-month EURIBOR + 4.69 25.50
D BBB- (sf) 28.00 3/6-month EURIBOR + 6.34 18.50
E BB- (sf) 16.50 3/6-month EURIBOR + 8.49 14.38
F B- (sf) 13.50 3/6-month EURIBOR + 11.04 11.00
Sub NR 26.90 N/A N/A
NR--Not rated.
N/A--Not applicable.
EURIBOR--Euro Interbank Offered Rate.
NEUBERGER BERMAN: Fitch Assigns 'B-sf' Rating on Class F Notes
--------------------------------------------------------------
Fitch Ratings has assigned Neuberger Berman Loan Advisers Euro CLO
5 DAC's notes final ratings, as detailed below.
Entity/Debt Rating
----------- ------
Neuberger Berman
Loan Advisers
Euro CLO 5 DAC
A XS2550553569 LT AAAsf New Rating
B XS2550553726 LT AAsf New Rating
C XS2550554617 LT Asf New Rating
D XS2550553999 LT BBB-sf New Rating
E XS2550554294 LT BB-sf New Rating
F XS2550554021 LT B-sf New Rating
Subordinated
Notes XS2550554377 LT NRsf New Rating
TRANSACTION SUMMARY
Neuberger Berman Loan Advisers Euro CLO 5 DAC is a securitisation
of mainly senior secured loans and secured senior bonds (at least
90%) with a component of senior unsecured, mezzanine and
second-lien loans. Note proceeds have been used to fund a portfolio
with a target par of EUR300 million. The portfolio is actively
managed by Neuberger Berman Europe Limited. The CLO has an
approximately one-year reinvestment period and an approximately
six-year weighted average life (WAL) test.
KEY RATING DRIVERS
Average Portfolio Credit Quality (Neutral): Fitch assesses the
average credit quality of obligors to be in the 'B' category. The
Fitch weighted average rating factor (WARF) of the identified
portfolio is 23.74.
High Recovery Expectations (Positive): At least 90% of the
portfolio comprises senior secured obligations. Fitch views the
recovery prospects for these assets as more favourable than for
second-lien, unsecured and mezzanine assets. The Fitch weighted
average recovery rate (WARR) of the identified portfolio is 61.91.
Diversified Portfolio (Positive): The transaction includes various
concentration limits in the portfolio, including the top 10 obligor
concentration limit at 20% and the maximum exposure to the three
largest (Fitch-defined) industries at 40%. These covenants ensure
the asset portfolio will not be exposed to excessive
concentration.
Portfolio Management (Neutral): The transaction has also a one-year
reinvestment period and includes reinvestment criteria similar to
those of other European transactions. Fitch's analysis is based on
a stressed-case portfolio with the aim of testing the robustness of
the transaction structure against its covenants and portfolio
guidelines.
Cash Flow Modelling (Positive): The WAL used for the transaction's
stress portfolio analysis was reduced by six months to 5.5 years.
This reduction to the risk horizon accounts for the strict
reinvestment conditions envisaged after the reinvestment period.
These include, among others, passing both the coverage tests and
the Fitch 'CCC' maximum limit post reinvestment as well a WAL
covenant that progressively steps down over time, both before and
after the end of the reinvestment period. Fitch believes these
conditions would reduce the effective risk horizon of the portfolio
during the stress period.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
A 25% increase of the mean default rate (RDR) across all ratings
and a 25% decrease of the recovery rate (RRR) across all ratings of
the identified portfolio would have no impact on the class A and
would lead to downgrades of one notch for the class B, C, D and F
notes, and two notches for the class E notes.
Based on the identified portfolio, downgrades may occur if the loss
expectation is larger than initially assumed, due to unexpectedly
high levels of default and portfolio deterioration. Due to the
better metrics and shorter life of the identified portfolio, the
class B, D and E notes display a rating cushion of two notches and
the class C and F notes display one-notch rating cushions. Should
the cushion between the identified portfolio and the stress
portfolio be eroded either due to manager trading or negative
portfolio credit migration, a 25% increase of the mean RDR across
all ratings and a 25% decrease of the RRR across all ratings of the
stressed portfolio would lead to downgrades of up to four notches
for the notes.
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
A 25% reduction of the mean RDR across all ratings and a 25%
increase in the RRR across all ratings of Fitch's stress portfolio
would lead to upgrades of up to three notches for the notes, except
for the 'AAAsf' rated notes, which are at the highest level on
Fitch's scale and cannot be upgraded.
During the reinvestment period, based on Fitch's stress portfolio,
upgrades may occur on better-than-expected portfolio credit quality
and a shorter remaining WAL test, allowing the notes to withstand
larger than expected losses for the remaining life of the
transaction. After the end of the reinvestment period, upgrades may
occur in case of stable portfolio credit quality and deleveraging,
leading to higher credit enhancement and excess spread available to
cover for losses on the remaining portfolio.
CRITERIA VARIATION
The stress portfolio was modelled with a 5.5-year WAL, which is six
months below the 6.0-year WAL floor envisaged in the CLOs and
Corporate CDOs criteria to account for strict structural and
reinvestment conditions post reinvestment period. The variation is
motivated by the further step down of the WAL test by nine months
to 4.25 years from five years on the reinvestment period end date,
in addition to the strict reinvestment criteria post reinvestment
period.
The WAL of the identified portfolio is 4.9 years and Fitch views
the construction of a portfolio that has a six-year WAL at closing
as unlikely, given the low supply of primary issuance in the
current leveraged loan and high-yield market conditions and
sourcing from the secondary market tends to have a shorter
remaining tenor. The impact of the criteria variation is one notch
higher for the class B, C, D and E notes, with no rating impact on
the other tranches.
USE OF THIRD PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
Neuberger Berman Loan Advisers Euro CLO 5 DAC
The majority of the underlying assets or risk presenting entities
have ratings or credit opinions from Fitch and/or other Nationally
Recognized Statistical Rating Organizations and/or European
Securities and Markets Authority registered rating agencies. Fitch
has relied on the practices of the relevant groups within Fitch
and/or other rating agencies to assess the asset portfolio
information or information on the risk presenting entities.
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action
Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.
=========
I T A L Y
=========
INTER MEDIA: S&P Puts 'B' Issue Rating on Secured Debt on Watch Neg
-------------------------------------------------------------------
S&P Global Ratings placed the 'B' long-term issue rating on Inter
Media and Communication SpA's (MediaCo) senior secured debt on
CreditWatch with negative implications.
The CreditWatch negative indicates that S&P could lower the issue
rating by one notch if it considers the club, despite the strong
and recognizable brand, unable to find appropriate sponsorship
contracts with similar terms to replace DigitalBits.
MediaCo is the main financing vehicle for Italian football club
F.C. Internazionale (Inter or TeamCo). MediaCo services its bond
issuances through media and sponsorship contracts receivables.
TeamCo depends on the distributions it receives from MediaCo to
fund part of its operations.
Following nonpayments from its main shirt sponsor Zytara Labs LLC
(DigitalBits) amid the recent downturn in the cryptocurrency
sector, S&P expects that MediaCo could have materially lower
sponsorship cashflows absent an appropriate replacement, which
could materially weaken its debt-servicing ability.
S&P said, "Absent an adequate replacement, we anticipate materially
weaker sponsorship revenue after nonpayments from DigitalBits,
which could reduce MediaCo's debt-servicing ability. DigitalBits
depends on cashflows from the cryptocurrency market, which has
deteriorated this year, with conditions worsening during
second-quarter 2022. The partner has now missed EUR1.6 million in
bonus payments for the Serie A 2021/2022 season and EUR16 million
for the current 2022/2023 season, representing the first two
instalments of the main EUR24 million base contract payments due in
July and October. This has led the club to remove DigitalBits logos
from its website, billboards, and jerseys for the youth and women's
teams. Without an adequate sponsorship partner to replace
DigitalBits, these lost cashflows could lead to a more than 50%
decline in sponsorship revenue from 2024 than our previous
base-case assumptions. The contract with Zytara Labs was signed in
September 2021 to incorporate the DigitalBits brand as the
front-of-shirt and sleeve sponsor. It totals about EUR80 million in
base payments (excluding performance bonuses) over the next three
years.
"Although MediaCo is in the process of finding a new sponsorship
partner, we believe that the club could face a tougher market given
the weaker macroeconomic environment. Despite a recovery in live
sports with no pandemic-related stadium restrictions, we believe
that current weak economic conditions could frustrate the club's
search to replace DigitalBits on similar terms. Therefore, a new
sponsorship partner could mean lower contract values and shorter
terms, highlighting MediaCo's exposure to market risk. We
anticipate that the current economic environment would also demand
full due diligence and solid understanding of the credit quality of
potential sponsorship partners. In our view, this, combined with
the current World Cup break, means that finding a suitable partner
could be delayed until first-quarter 2023.
"That said, we believe MediaCo benefits from a strong brand that
should support the club in its search. Inter is among the most
popular teams in Serie A, making its brand one of the most
recognizable and valuable. Although sponsorship contracts tend to
have short-term maturities, we believe that the team's performance,
combined with the strength of Inter's brand, should support its
search for an appropriate replacement contract. This can also
mitigate the risk that such contracts may not be renewed or
replaced by new sponsors on similar terms.
"The CreditWatch negative indicates that we could lower the issue
rating by one notch if we consider the club unable to find
appropriate sponsorship contracts with similar terms to replace
DigitalBits. We aim to resolve the CreditWatch placement over the
next three months, as we gain more visibility on the club's ability
to secure new sponsorship agreements and have further information
of the nature of the new contracts."
===================
L U X E M B O U R G
===================
TI LUXEMBOURG: S&P Withdraws 'B' Long-Term Issuer Credit Rating
---------------------------------------------------------------
S&P Global Ratings withdrew its 'B' long-term issuer credit rating
on TI Luxembourg S.A. (operating as Tractel) at the company's
request. At the time of the withdrawal, the outlook was stable.
The withdrawal follows TI Luxembourg's acquisition by Alimak Group
AB, and the early repayment of its term loans B with principals
outstanding of about EUR204 million and $79 million.
=====================
N E T H E R L A N D S
=====================
SAMVARDHANA MOTHERSON: Fitch Affirms IDR at 'BB', Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed Netherlands-based Samvardhana Motherson
Automotive Systems Group BV's (SMRP BV) Long-Term Issuer Default
Rating (IDR) at 'BB'. The Outlook is Stable. Fitch has also
affirmed SMRP BV's senior secured bonds at 'BB+' with a Recovery
Rating of 'RR2'.
SMRP BV's rating is based on the consolidated profile of its
stronger parent - Samvardhana Motherson International Limited
(SAMIL) - under its Parent and Subsidiary Linkage Rating Criteria.
This is due to its assessment of the parent's high strategic and
operational incentives to provide support to its subsidiary.
The ratings also take into account SMRP BV's leading market
position and longstanding relationships with financially strong
customers, mitigating sector-specific risks, including cyclicality
and dependence on original equipment manufacturers (OEMs).
Disciplined expansion has improved business diversification, while
limiting financial leverage.
The Stable Outlook reflects that improvement in SAMIL's leverage
after financial year ending March 2022 (FY22) will drive improved
headroom relative to Fitch's negative rating sensitivity. Gradually
easing supply-chain constraints and progress in cost pass-through
negotiations with OEMs will boost profitability from the 1H FY23
level despite the high-inflation environment.
KEY RATING DRIVERS
Leverage Headroom to Improve: Fitch expects SAMIL's EBITDA net
leverage to improve to 2.6x in FY23 after remaining at 3.2x in FY22
- slightly above the 3.0x threshold for negative rating action -
amid elevated inventory requirements for auto suppliers. Fitch has
lowered SAMIL's profitability expectations in view of inflationary
pressures and dependence on lengthy OEM negotiations for cost pass
through.
Nonetheless, a production boost from improved semiconductor
availability and progress on OEM negotiations should support a
nearly 20% yoy increase in EBITDA in FY23. These factors boosted
2QFY23 EBITDA by more than 30% qoq. Fitch believes SAMIL's measured
approach to capex after completing new facilities in FY19 will also
support marginally positive free cash generation.
Acquisition Strategy Mitigates Risks: Fitch believes SAMIL's
acquisition strategy, which includes identifying attractively
priced targets that are strategically suitable and adherence to
prudent funding practices, mitigates risks from its aim of raising
revenue by more than 4x to USD36 billion by 2025. Still, any large
debt-funded acquisition may pressure SMRP BV's rating.
Rating Based on Consolidated Profile: Fitch deems that SMRP BV has
a weaker credit profile than SAMIL, which owns a 100% stake in SMRP
BV after the corporate structure was simplified in early 2022. SMRP
BV's large financial contribution underpins the parent's high
strategic incentive to support its subsidiary, which is reflected
in regular financial support. Integrated management and decision
making drive the high operational incentive to provide support,
despite limited operational dependency. Fitch assesses SAMIL's
legal incentive to support SMRP BV as medium.
Secured Notes Rated Above IDR: SMRP BV's EUR100 million notes due
2025 are secured against assets and equity pledges at its key
subsidiaries, while its EUR300 million notes due 2024 remain
secured against equity pledges in key subsidiaries after the
release of security over hard assets under the fall-away security
structure, as defined in the note documentation. The collateral of
both note issues qualifies as Category 2 First Lien, as defined in
Fitch's Corporates Recovery Ratings and Instrument Ratings
Criteria, supporting a Recovery Rating of 'RR2' and a one-notch
uplift from SMRP BV's IDR.
Customer Relationships Underpin Leadership: SAMIL's product quality
and wide range of services underpin its long-term relationships
with top global OEMs, evident from SMRP BV's EUR18.3 billion order
book in September 2022. This mitigates risks from competition and
weak negotiating power against large OEMs on pricing and cost
pass-through.
SMRP BV is one of the leading global suppliers of exterior mirrors,
bumpers, dashboards and door panels for premium cars, while SAMIL
leads in wiring harnesses for cars in India through a 33.4% joint
venture in India and commercial vehicles in key markets globally.
Improved Business Diversification: SAMIL's business diversification
across product components, OEM customers and geography mitigate the
variations arising from the cyclical and competitive automotive
industry. A large number of vehicle programmes within an OEM
further enhances diversification. Improving diversification is core
to the group's growth strategy, evident from reduced revenue
dependence on its largest customer, Volkswagen AG (A-/Stable), to
around 25% in FY22, from 44% in FY15, and top country, Germany
(AAA/Stable), to 16%, from 29%.
DERIVATION SUMMARY
SAMIL's scale, leading market position in its product categories
and business diversification position it well against peers, such
as Metalsa S.A.P.I. de C.V. (BBB-/Stable) and Dana Incorporated
(BB+/Negative). SAMIL has larger scale and greater business
diversification in terms of customers, geography and products than
Metalsa. However, Metalsa benefits from its position as an
important supplier of chassis structures to pickup-truck platforms,
which Fitch expects to remain as large contributors to the cash
flow of Metalsa's customers. This, together with the strength of
Metalsa's financial profile, justifies SMRP BV being rated two
notches lower. SAMIL and Dana have similar scale and business
diversification. Nonetheless, SMRP BV is rated one notch lower due
to weaker profitability and higher leverage.
SAMIL has a smaller scale than Faurecia S.E. (BB+/Negative),
particularly after Faurecia's acquisition of Hella GmbH & Co. KGaA.
However, SAMIL's business diversification remains comparable. SMRP
BV's one-notch lower rating also reflects Faurecia's stronger
profitability.
SMRP BV is rated at the same level as Tupy S.A. (BB/Rating Watch
Positive), reflecting Tupy's lower leverage and higher
profitability, underpinned by its leading market position in
high-value-added cast-iron structural components. These factors
counterbalance Tupy's smaller scale and lower diversification than
SAMIL.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer:
- SAMIL's consolidated revenue to rise by low- to mid-single digits
in FY24, after 18% yoy growth in FY23 amid easing supply-chain
issues and high commodity prices.
- EBITDA margin to remain between 7.0% and 8.0% over FY23 and FY24
(FY22: 7.0%).
- Capex of INR25 billion in FY23 and at around 4.0% of sales
thereafter (FY22: 3.9%);
- Dividend payout to remain at up to 40% of net income over the
next few years.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- SAMIL improving its consolidated EBITDA net leverage, after
Fitch's adjustment for factoring, to below 2.0x on a sustained
basis.
- SAMIL's free cash flow margin remaining broadly neutral to
positive on a sustained basis.
- SAMIL maintaining or improving its business diversification.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- SAMIL's consolidated EBITDA net leverage, after Fitch's
adjustment for factoring, remaining above 3.0x for a sustained
period.
LIQUIDITY AND DEBT STRUCTURE
Adequate Liquidity: SAMIL had consolidated readily available cash
of INR37.3 billion as of FYE22, which sufficiently covered INR10.5
billion of near-term maturities of long-term debt. SAMIL also had
INR32.1 billion of short-term working capital debt, which Fitch
expects the company to roll over in the normal course of business.
SAMIL's annual debt maturities will rise above INR30.0 billion in
FY24 and FY25. This includes INR26.3 billion in domestic bonds due
in 1HFY24, SMRP BV's EUR350 million revolving credit facility
maturing in June 2023 (EUR119 million outstanding as of
end-September 2022) and EUR300 million senior secured notes due in
July 2024. Fitch expects marginally positive FCF after FY22, but
SAMIL will need to refinance a significant portion of FY24 and FY25
maturities. SAMIL's reasonable leverage should aid in refinancing
and Fitch expects it to address these well in advance, in line with
its record.
ISSUER PROFILE
SMRP BV is a leading supplier of rear-view vision systems and
interior and exterior modules to the global automotive industry.
SUMMARY OF FINANCIAL ADJUSTMENTS
Fitch treats INR12.7 billion in FY22 (equivalent to 2% of sales) as
restricted cash for intra-year working-capital volatility.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Samvardhana
Motherson
Automotive
Systems Group BV LT IDR BB Affirmed BB
senior secured LT BB+ Affirmed RR2 BB+
UPFIELD BV: GBP700M Bank Debt Trades at 18% Discount
----------------------------------------------------
Participations in a syndicated loan under which Upfield BV is a
borrower were trading in the secondary market around 82.2
cents-on-the-dollar during the week ended Friday, December 9, 2022,
according to Bloomberg's Evaluated Pricing service data.
The GBP700 million facility is a Term loan. The loan is scheduled
to mature on July 2, 2025. The amount is fully drawn and
outstanding.
Upfield B.V. operates as a plant-based consumer product company.
The Company's country of domicile is the Netherlands.
=========
S P A I N
=========
AI CANDELARIA (SPAIN): Fitch Affirms IDRs at 'BB', Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed A.I. Candelaria (Spain) S.A.'s Long-Term
Foreign and Local Currency Issuer Default Ratings at 'BB'. The
rating action affects USD975 million of notes outstanding due
between 2028 and 2033. The Rating Outlook is Stable.
A.I. Candelaria's ratings are linked to the credit profiles of
OCENSA (BB+/Stable) and Ecopetrol S.A. (BB+/Stable), which
indirectly own 72.648% of OCENSA, and is A.I. Candelaria's only
source of dividends to service debt. The ratings also incorporate
the significant influence of A.I. Candelaria on OCENSA's dividend
policy, which lessens concerns regarding the dependence on a sole
source of cash flow coming from its minority interest in OCENSA.
The ratings are constrained by A.I. Candelaria's moderately high
leverage and structural subordination to OCENSA's creditors.
KEY RATING DRIVERS
Adequate Dividend Stream: A.I. Candelaria's ratings are supported
by the quality of the dividends received from its 27.352% stake in
OCENSA. The company participates in a regulated business with
strong cash flows and a good track record of dividends received.
Fitch's revised base case scenario assumes dividends from OCENSA
ranging between USD175 million-USD185 million over the rating
horizon. A.I. Candelaria benefits from OCENSA's key position as the
largest crude oil transportation company in Colombia, which
connects the most important oil basins with the country's main
export terminal and refineries. This helps OCENSA to remain
competitive through different price cycles.
Moderate Capital Structure: A.I. Candelaria's capital structure is
moderate for its current rating. Gross leverage, as measured by
total debt/dividends received, is expected to reach 5.5x as of YE
2022. Leverage is expected to gradually trend towards 4.5x in the
medium-term, once the company begins the amortization of its
outstanding notes in 2022. The amortized structure of A.I.
Candelaria's notes reduces the company's exposure to refinancing
risk. FFO is expected to cover interest expenses more than 3.0x
over the rating horizon.
Structural Subordination: A.I. Candelaria's outstanding notes will
remain structurally subordinated to OCENSA's USD500 million notes.
A.I. Candelaria is a holding company that depends on dividends it
receives from OCENSA to service its own obligations. Therefore, a
substantial increase in leverage at the OCENSA level could increase
the structural subordination of A.I. Candelaria's creditors. This
risk is mitigated by OCENSA's track record of stable dividend
distributions and A.I. Candelaria's veto right over changes in
OCENSA's dividend policy and capex above USD100 million. Fitch
believes the projected dividend stream would be more than
sufficient to cover interest expense and principal payments
resulting from the outstanding notes.
Strong Minority Rights: The shareholders' agreement gives A.I.
Candelaria significant influence on OCENSA's dividend policy, which
lessens the concerns regarding the dependence on a sole source of
cash flow coming from its minority interest in OCENSA. A.I.
Candelaria has a strong veto right on OCENSA's relevant decisions,
and is entitled to appoint two of the five directors to OCENSA's
board. A 90.1% majority of shareholder votes is required to change
the dividend policy, among other significant business decisions to
protect cash flow and liquidity.
DERIVATION SUMMARY
A.I. Candelaria's ratings rely on the dividend stream received from
OCENSA, which has a non-investment grade credit quality. Overall,
assets such as crude and products pipelines, natural gas and other
contractually-supported operations have predictable operating
performance, and consistent earnings and cash flow. OCENSA's credit
profile is linked to that of Ecopetrol, which indirectly owns
72.648% of OCENSA. Fitch believes operational integration and
strategic ties between the entities are important enough to create
economic incentives for Ecopetrol to effectively support OCENSA.
Tolling-based natural gas peers in the region, such as
Transportadora de Gas Internacional S.A. E.S.P. (TGI; BBB/Stable)
and Transportadora de Gas del Peru, S.A. (TGP; BBB+/Negative),
benefit from the cash flow stability afforded by more purely
take-or-pay models, allowing them to support more leverage.
OCENSA's stronger financial profile, with average leverage below
0.5x over the rating horizon, is offset by a greater exposure to
volumetric risk, given its higher reliance on ship-and-pay
contracts relative to peers.
KEY ASSUMPTIONS
Fitch's Key Assumptions Within Its Rating Case for the Issuer:
- OCENSA's transported volumes for ship-and-pay contracts grows 1%
in 2022 and 1.5% from 2023;
- OCENSA's transported volumes for ship-or-pay contracts according
to negotiated terms with off-takers;
- Regulatory tariffs remain through 2023;
- Dividend pay-out of 100%;
- Exchange rate forecasted by Fitch's Sovereign Group;
- Debt service reserve account covers 1.25x the next debt service
payment (interest and principal);
- Dividends distribution contingent on meeting the required debt
service reserve account.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- An upgrade of Ocensa credit ratings.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- A downgrade of OCENSA credit ratings;
- Interest coverage (dividends received/gross interest) below 2.5x
on a sustained basis;
- A significant additional debt at OCENSA's level, which increases
the structural subordination of A.I. Candelaria;
- The failure to deleverage below 4.5x over the rating horizon,
which could widen the rating differential with OCENSA.
LIQUIDITY AND DEBT STRUCTURE
Liquidity Not a Concern: A.I. Candelaria has no liquidity issues.
Liquidity is expected to be strong, considering the company's
forecast for readily available cash and consistently positive FCF
generation. The principal of the notes due 2028 will be payable in
12 consecutive semi-annual instalments beginning in 2022,
equivalent to 70% of the issuance. The notes due 2033 will be
payable in 10 consecutive semi-annual instalments beginning in
2028, equivalent to 75% of the issuance. The balance will be paid
on the maturity dates. The debt service reserve account to be
constituted as part of the collateral will represent a liquidity
buffer over the medium term which must cover no less than 1.25x of
the next debt service payment (interest and principal).
ISSUER PROFILE
AI Candelaria (Spain S.A.) is a holding company whose main source
of cash is the dividends received from its 27.352% ownership
interest in Oleoducto Central S.A. (OCENSA), the largest crude oil
transportation company in Colombia.
PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS
A.I. Candelaria's ratings are linked to OCENSA's credit profile.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
Entity/Debt Rating Prior
----------- ------ -----
A.I. Candelaria
(Spain), S.A. LT IDR BB Affirmed BB
LC LT IDR BB Affirmed BB
senior secured LT BB Affirmed BB
=====================
S W I T Z E R L A N D
=====================
ARCHROMA HOLDINGS: Moody's Affirms B2 CFR on Huntsman Transaction
-----------------------------------------------------------------
Moody's Investors Service has affirmed the B2 long term corporate
family rating and B2-PD probably of default rating of Archroma
Holdings Sarl (Archroma) following the company's detailed
announcement to acquire the Textile Effects business of Huntsman
Corporation (Huntsman TE) for a cash purchase price of
approximately $590 million. In the same action, Moody's affirmed
the B2 senior secured bank credit facility ratings at Archroma
Finance Sarl. Archroma will fund the purchase, pay related fees and
expenses, repay the company's revolver borrowings and add
incremental cash to the balance sheet through the issuance of $600
million of third-party preferred equity certificates to be raised
by SKES Investment 2, S.a.r.l., a holding company of Archroma, with
the proceeds downstreamed into the bank restricted group and $100
million of new common equity. The company expects to complete the
acquisition around year end 2022, subject to regulatory approval
and customary closing conditions. The outlook on both entities has
been changed to positive from stable.
RATINGS RATIONALE
The rating action reflects the expectation that upon closing of the
acquisition, Archroma will have a broadened business profile and
display credit metrics that could be commensurate with a higher
rating category. Archroma's acquisition of Huntsman TE will create
a leading textile chemical producer with pro forma revenue in
excess of $2.1 billion with the potential to deliver significant
revenue and cost synergies. Both firms produce and distribute broad
sets of textile dyes and chemicals globally. Headquartered in
Singapore, Huntsman TE has a portfolio of over 1,200 products,
primarily focused on dyes. Huntsman TE also has an established
industrial footprint (including 10 manufacturing sites) located in
six different countries and serves over 2,200 annual clients. The
acquisition will strengthen Archroma's market position globally and
in particular in the Asia Pacific region where over 60% of Huntsman
TE's revenue is generated. The acquisition will also expand
Archroma's product capabilities across their key end-markets of
apparel and home & hospitality.
Offsetting these benefits, the company faces execution and
integration risks including IT integration, headcount optimization
and site rationalization, in combining two organizations with a
global presence. Within the five years after closing, the group
expects to spend about $110 million in one-time integration costs
to achieve run-rate savings in excess of $120 million per year.
Moody's also expects weakening end market demand in textiles, which
are subject to discretionary spending, and the broader retail space
to result in weaker metrics over at least the next two quarters
with uncertainty regarding the timing of recovery.
Giving effect to the acquisition, Moody's estimates Archroma to
have a pro forma debt-to-EBITDA ratio (as of September 30, 2022
pre-synergies) around 4.5x compared to roughly 6.0x on a standalone
basis as of the same date. This includes Moody's standard
accounting adjustments for pensions and leases and certain other
non-recurring items. The company's preferred equity certificates
are not included in this calculation and their proceeds which will
be downstreamed into the bank restricted group are expected to be
treated as equity upon closing. While the third-party preferred
equity certificates do not directly impact the leverage of the
restricted group, Moody's considers that they will represent an
overhang for Archroma raising the risk of a potential repayment of
these instruments through additional debt raised within the
restricted group subject to complying with covenants set in the
senior facilities agreement.
Archroma's ratings also reflect its global market presence, its
diversification across customers, products and regions, and
expected strong credit metrics following the acquisition. Tempering
these strengths are the company's high exposure to mature markets,
particularly Europe and North America and exposure to the
relatively volatile textile end market.
LIQUIDITY
Archroma's liquidity is good. As of September 30, 2022, the company
had around $43 million of cash on balance and access to a
guaranteed senior secured revolving credit facility (RCF), which
was upsized by $20 million to $125 million on November 29, 2022.
Availability under the RCF was approximately $89 million as of end
of September 2022 pro forma for the upsizing. Given the increased
scale following the acquisition, the rating agency estimates that
the company will generate positive Moody's adjusted free cash flow
in 2023 despite a likely weakening in end-market demand and
upcoming integration expenses. Moody's also contemplates a
refinancing of the company's capital structure at higher interest
rates.
ESG CONSIDERATIONS
Governance considerations have been a driver of the rating action.
Despite Archroma's status as a private equity backed company, which
has typically operated with elevated financial leverage, Moody's
view the absence of additional indebtedness raised within the
restricted group as demonstrating a more conservative financial
policy.
RATING OUTLOOK
The positive outlook on Archroma's ratings reflects Moody's
expectation that upon closing of the Huntsman TE acquisition, the
combined entity will have an even stronger position in the textile
chemical sector and display credit metrics that will be likely
commensurate with a higher rating. The outlook also incorporates
the expectation that the company will make substantive progress on
integrating the newly acquired business.
Additionally, Moody's expects the company to address its upcoming
debt maturities at least one year in advance of maturity. The
company's $105 million (as of September 30, 2022) revolving credit
facility (recently upsized to $125 million) and $75 million
guaranteed capex facility both mature in July 2024. The company's
$225 million guaranteed senior secured term loan B2 and EUR486
million guaranteed senior secured term loan B1 both mature in
August 2024.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
An upgrade of Archroma's ratings could be considered if the company
were to: (i) demonstrate a track record and/or public commitment to
a financial policy in line with expectations for a B1 rating,
including through maintaining adjusted debt to EBITDA well below
5.0x on a sustained basis; (ii) the weakness of Archroma's
end-markets is short-lived with a return to sustained revenue
growth coupled with gross margin expansion; (iii) consistently
generate adj. FCF/debt in the high single digits; (iv) maintain
good liquidity and also refinance the company's debt at least one
year ahead of its maturities.
Moody's would consider downgrading the rating if the company were
to perform materially below expectations, as evidenced by: (i)
adjusted debt/EBITDA increasing above 6.0x on a sustained basis;
(ii) meaningful negative free cash flow or a weakening of the
group's liquidity, (iii) lack of progress on refinancing the
capital structure at least one year ahead of its maturities in July
and August of 2024, and (iv) material delays or disruptions in the
integration of the to be acquired Huntsman TE business.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Chemicals
published in June 2022.
ILIM TIMBER: Moody's Withdraws 'B3' Long Term Corp. Family Rating
-----------------------------------------------------------------
Moody's Investors Service has withdrawn all ratings of Ilim Timber
Continental S.A.
At the time of withdrawal the ratings for Ilim Timber were B3 long
term corporate family rating and B3-PD probability of default
rating. The outlook has been withdrawn from previously negative.
RATINGS RATIONALE
Moody's has decided to withdraw the ratings for its own business
reasons.
Ilim Timber Continental S.A., domiciled in Switzerland, is one of
the largest softwood sawn timber producers in Europe. The company
operates two facilities in Germany and two in Russia, with a total
annual production capacity of 2.6 million cubic metres of sawn
timber and 0.2 million cubic metres of plywood. In 2021, Ilim
Timber reported revenue of EUR753 million — of which 80% was
derived from sawn timber, 8% from by-products and 11% from the
plywood segment — and Moody's-adjusted EBITDA of EUR242 million.
The company generates 74% of its revenue from operations in Germany
and 26% from its mills in Russia.
=============
U K R A I N E
=============
UKREXIMBANK: Moody's Affirms Caa3 Deposit Rating, Outlook Negative
------------------------------------------------------------------
Moody's Investors Service has downgraded Ukreximbank's Baseline
Credit Assessment (BCA) and Adjusted BCA to ca from caa3.
Concurrently, Moody's affirmed the bank's Caa3 long-term deposit
ratings, Caa3 senior unsecured debt rating and Ca subordinated debt
rating. Moody's also downgraded Ukreximbank's long-term
Counterparty Risk Assessment (CR Assessment) to Caa3(cr) from
Caa2(cr) and Counterparty Risk Ratings to Caa3 from Caa2. The
outlook on the long-term deposit and senior unsecured debt ratings
remains negative.
RATINGS RATIONALE
According to the rating agency, the downgrade of Ukreximbank's BCA
to ca was mainly driven by the material deterioration in its
capital position, which followed large credit losses and resulted
in the breach of its minimum capital requirements. The bank
reported regulatory Tier 1 and total capital adequacy ratios of
3.4% and 6.8%, respectively, as of November 1, 2022, below the
required minimum of 7% and 10% [1]. Unless the bank reverses its
loss making performance, any prospect for capital restoration will
require recapitalisation by shareholders.
The affirmation of government-owned Ukreximbank's Caa3 long-term
deposits and senior unsecured debt ratings reflects a one-notch
uplift from the bank's BCA of ca, given a very high probability of
support from the government of Ukraine (Caa3, negative);
Ukreximbank's ample liquidity that underpins its capacity to repay
maturing liabilities; but also the extremely challenging operating
environment.
Ukreximbank's asset quality has materially deteriorated since
February 2022 as Russia's invasion and subsequent military conflict
caused the severe damage of the Ukrainian economy and destroyed the
debt-servicing capacity of many of Ukreximbank's borrowers. As a
result, for the first nine months in 2022, Ukreximbank reported net
losses of UAH7.9 billion driven by increased provisioning charges.
Ukreximbank's liquid assets accounted for around 50% of total
assets as of June 2022, which can support the repayment of around
$100m outstanding Eurobonds and around $110m of subordinated debt.
In recent years, Ukreximbank has significantly reduced its reliance
on market funding, which accounted for around 23% of its tangible
assets as of June 30, 2022 and predominantly includes refinancing
loans from National Bank of Ukraine (11% of total liabilities),
Eurobonds and interbank loans (mainly from international financial
organizations - 12% of total liabilities). The bank is therefore
mainly deposit-funded.
Moody's understands that the recent deterioration of Ukreximbank's
capital ratios below the minimum regulatory requirements has not
caused a breach of the Eurobond covenants, as the bank obtained a
covenant waiver from its bondholders and all major creditors in
anticipation of the severe pressure on its assets quality and
capital caused by the invasion.
NEGATIVE OUTLOOK
The negative outlook on Ukreximbank's long-term deposit and senior
unsecured ratings is in line with the negative outlook on the
Government of Ukraine's Caa3 debt rating. The outlook further
captures Moody's view that a protracted military conflict could
further negatively impact Ukraine's economic conditions,
heightening liquidity challenges and asset risks in the banking
system and severely disrupting the banks' operating environment and
its ability to meet liabilities as they fall due.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Ukreximbank's deposit ratings carry a negative outlook and are in
line with the Ukrainian sovereign rating, therefore a bank ratings
upgrade is not likely over the next 12-18 months. The bank's
ratings could be downgraded in the event of a downgrade of the
Ukraine's sovereign debt rating or if the bank defaults on its
senior obligations and the creditor recovery rates are lower than
those assumed at the current rating level.
LIST OF AFFECTED RATINGS
Issuer: Ukreximbank
Downgrades:
Adjusted Baseline Credit Assessment, Downgraded to ca from caa3
Baseline Credit Assessment, Downgraded to ca from caa3
Long-term Counterparty Risk Assessment, Downgraded to Caa3(cr)
from Caa2(cr)
Long-term Counterparty Risk Ratings, Downgraded to Caa3 from Caa2
Affirmations:
Short-term Counterparty Risk Assessment, Affirmed NP(cr)
Short-term Counterparty Risk Ratings, Affirmed NP
Short-term Bank Deposit Ratings, Affirmed NP
Long-term Bank Deposit Ratings, Affirmed Caa3, Outlook Remains
Negative
Subordinate Regular Bond/Debenture, Affirmed Ca
Senior Unsecured Regular Bond/Debenture, Affirmed Caa3, Outlook
Remains Negative
Outlook Actions:
Outlook, Remains Negative
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Banks
Methodology published in July 2021.
===========================
U N I T E D K I N G D O M
===========================
888 ACQUISITIONS: $75M Bank Debt Trades at 15% Discount
-------------------------------------------------------
Participations in a syndicated loan under which 888 Acquisitions
LLC is a borrower were trading in the secondary market around 84.8
cents-on-the-dollar during the week ended Friday, December 9, 2022,
according to Bloomberg's Evaluated Pricing service data.
The US$75 million facility is a Term loan. The loan is scheduled to
mature on July 1, 2028. The amount is fully drawn and outstanding.
Gibraltar-based gaming operator 888 is a global online gaming
operator (mainly casino and poker) in Europe and north America.
ASTON MIDCO: Moody's Lowers CFR to Caa1, Outlook Remains Stable
---------------------------------------------------------------
Moody's Investors Service has downgraded the corporate family
rating of Aston Midco Limited (Advanced or the company) to Caa1
from B3 and the probability of default rating to Caa1-PD from
B3-PD. Concurrently, the rating agency has downgraded to B3 from B2
the senior secured first-lien bank facilities ratings of Aston
FinCo S.a r.l. The outlook on all ratings remains stable.
RATINGS RATIONALE
The downgrade of Advanced's CFR to Caa1 from B3 reflects the
company's weaker than expected operating performance and cash
generation over the last twelve months, and Moody's expectation
that its credit metrics and liquidity will remain weak over the
next 12 to 18 months. Moody's notes that the company was already
weakly positioned in the previous B3 rating category, having
operated with high leverage over the last few years.
At the end of August 2022, the rating agency estimates that
Moody's-adjusted leverage for Advanced was 10.0x pro forma for the
recent acquisitions (10.5x actual). This compares unfavourably to
the 8.0x and 9.0x leverage ratios at the end of Advanced's fiscal
2021 and 2022, respectively. While Advanced's balance sheet debt
has increased by over GBP50 million since the end of fiscal 2022,
Moody's-adjusted EBITDA on a pro forma basis decreased to GBP109
million from GBP113 million due to inflationary pressures on the
company's cost base, particularly labour costs, as well as higher
exceptional charges treated as recurring expenses under Moody's
definition.
Moody's expects Advanced's revenues to grow organically in the
mid-single digit percentages over fiscal 2023 and 2024, reflecting
a good degree of resilience to a deteriorating macro-economic
environment. Total revenue growth will also be enhanced by the
contribution from the acquisitions completed in the first half of
fiscal 2023. The rating agency forecasts Moody's-adjusted EBITDA to
grow back towards GBP113 million and GBP126 million in fiscal 2023
and fiscal 2024, respectively, driven by revenue growth and cost
savings initiatives. However, the additional debt taken on over the
last few years results in credit metrics remaining weak with the
rating agency expecting Advanced's financial leverage to remain
above 8.5x at the end of fiscal 2024.
In the last twelve months (LTM) ended August 2022, Moody's
estimates that Advanced had a negative free cash flow (FCF) of
approximately (GBP17 million) owing to increased interest costs,
sustained levels of exceptional items and high consumption of
working capital. Moody's expects the company's free cash flow to
remain negative in fiscal 2023 and 2024 because (i) exceptional
charges will increase substantially following the cyber incident
experienced in August 2022, and (ii) rising interest rates will
inflate the company's interest expenses. Despite the expected
improvement in profitability, Advanced's interest coverage,
measured as Moody's adjusted EBITDA minus Capex to interest, will
likely remain around 1x or below over the next 12 to 18 months.
RATING OUTLOOK
The stable outlook reflects Moody's expectation that Advanced will
deliver EBITDA growth over the next 12-18 months driven by cost
savings and organic revenue growth, although with limited
improvements in key credit metrics. However, the stable outlook
also reflects Moody's expectation that the company's free cash flow
generation will remain negative and the liquidity position of the
group will remain limited.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Upward rating pressure could materialise should Advanced:
record solid like-for-like revenue and EBITDA growth on a
sustained basis; and
reduce Moody's adjusted gross debt/EBITDA (after the
capitalisation of software development costs) sustainably towards
7.5x; and
improve the interest coverage and generate positive FCF (after
interest and exceptional items) on a trailing 12 months' basis.
Any upgrade would also be dependent upon refinancing of debt
maturities in a timely manner.
Conversely, Advanced's ratings could be downgraded if:
the company's operating performance deteriorates; or
liquidity deteriorates, including a failure to refinance debt
aturities in a timely manner; or
chances of a debt restructuring that may result in losses for
creditors increase.
ESG CONSIDERATIONS
Advanced's ESG credit impact score is highly negative (CIS-4). This
reflects the company's high exposure to governance risks as a
result of the aggressive financial strategy common to private
equity ownership and the lack of an independent board of directors.
The company's exposure to social risks is moderately high and
arises from the pressure to maintain data security and dependence
on highly skilled technology talent. Advanced's exposure to
environmental risk is low.
LIQUIDITY
Advanced's liquidity profile is weak. At the end of August 2022,
the company had a cash balance of GBP23 million and GBP14 million
available under its GBP75 million senior secured multi-currency
revolving credit facility (RCF) due in October 2024. In September
2022 the group reset 40% of its USD/GBP swap and used the proceeds
to partially restore the availability under the RCF to GBP43
million. Nevertheless, in light of Moody's expectation of negative
cash flow generation in the second half of fiscal 2023 and into
fiscal 2024, the company's liquidity position will likely
deteriorate to below GBP30 million over the next 18 months.
However, the rating agency anticipates that Advanced will remain in
compliance with its springing first lien senior secured net
leverage covenant set at 7.65x, which is tested when 40% or more of
the facility is utilized.
The company's first lien term loans will come due in October 2026
while the second lien term loans will mature in October 2027.
First-lien debt includes a debt amortization feature of 1% per
year.
STRUCTURAL CONSIDERATIONS
The B3 ratings on the GBP761 million equivalent senior secured
first lien term loan (split in GBP and $ tranches) and the pari
passu 75 million RCF, one notch above the CFR, reflect their
priority ranking in the event of security enforcement, ahead of the
GBP274 million equivalent senior secured second lien term loan.
PRINCIPAL METHODOLOGY
The principal methodology used in these ratings was Software
published in June 2022.
COMPANY PROFILE
Headquartered in Birmingham, Advanced provides enterprise resource
planning (ERP) and people management software solutions to private
and public customers mainly in the country. Additionally, it offers
case management and legal form solutions for legal practices,
clinical patient management systems for public and private health
institutions, and student information systems for educational
establishments. In the 12 months that ended August 2022, Advanced
reported revenue of GBP334 million and company-adjusted EBITDA
before exceptional items of GBP116 million.
BEIJING BORGWARD: Declares Bankruptcy, Operation in China Ends
--------------------------------------------------------------
Pandaily reports that Beijing Borgward, once billed as a rival to
BMW, Mercedes-Benz and Audi, officially declared bankruptcy on
November 29. The announcement explained that it was drained to pay
off its outstanding debts but its current assets are not enough to
settle the outstanding balances.
Founded in 1919, Borgward was once Germany's third largest car
manufacturer, Pandaily notes. Back in the 1960s, Borgward was
declared bankrupt due to mismanagement and lay dormant for half a
century. In 2014, Foton Motor acquired Borgward for EUR5 million,
and subsequently established Beijing Borgward in 2016.
After the revival, Beijing Borgward has been promoted in the
Chinese market with emphasis placed on the German brand name,
manufacturing and craftsmanship, Pandaily relates. It once
competed with the likes of luxury automobile manufacturers such as
BMW, Mercedes-Benz and Audi.
BX7, the company's first model released in 2016, achieved sales of
30,000 units within nine months after its launch. But due to the
lack of research and development technology and frequent quality
problems, sales fell sharply, according to Pandaily. The sales
volume of the BX5 in the first month on the market was about 1500
units, and the BX6 and BXi7 failed to appeal to consumers. The
company's sales volume only reached 32,900 units in 2018.
Instead of helping Foton Motor shine in the passenger car market,
Beijing Borgward dragged it into huge losses, Pandaily notes.
According to the financial report, Foton Motor turned from a profit
of CNY1.119 billion (US$158 million) in 2017 to a loss of CNY3.575
billion in 2018, Pandaily discloses.
In order to stop losses in time, Foton Motor transferred 67% of
Beijing Borgward's shares and CNY4.271 billion loan to Changsheng
Xingye, an asset management platform, at a price of CNY3.973
billion, Pandaily relates.
Behind Changsheng Xingye is UCar, headed by Charles Lu, former
chairman of Luckin Coffee. On March 18, 2019, UCar purchased 67%
shares of Beijing Borgward for CNY4.109 billion.
After the acquisition of Beijing Borgward's equity, UCar launched a
new retail platform, transforming the original 4S store model into
a model combining brand flagship stores, authorized franchise
stores and special sales points.
Pandaily says Lu applied Luckin Coffee's retail model to Beijing
Borgward, which subsequently caused turmoil within the company. In
April 2019, more than 200 people left the marketing team and a
number of dealers launched a rights protection campaign. More
importantly, there has been no new model since Beijing Borgward was
acquired. In 2020, UCar was implicated in Luckin Coffee's
financial fraud incident and could no longer provide support for
Beijing Borgward. The sales volume of the vehicle company was only
8,740 units in 2020 but halved to 3,612 units in 2021.
In September 2021, Foton Motor said in an announcement that Beijing
Borgward's business situation had deteriorated and its production
and operations were at risk, recalls Pandaily. In January, Beijing
Borgward had been put on hold because it could no longer operate
due to a lack of funds.
HARTLEY PENSIONS: Took Client Money Without Consent, FCA Says
-------------------------------------------------------------
Michael Klimes at Money Marketing reports that Hartley Pensions
took client money without their consent and failed to meet liquid
capital requirements, the FCA says.
These details are mentioned in a Financial Conduct Authority
document seen by Money Marketing that sheds new light on why
Hartley Pensions was stopped from conducting any new business in
March, Money Marketing notes.
It explains how the firm ended up where it did after failing to
answer key concerns from the regulator about its solvency, Money
Marketing states.
These concerns centred on rescue plans the management of Hartley
Pensions proposed to the FCA.
According to Money Marketing, the rescue plans involved
intercompany loans that Hartley Pensions claimed it would be able
to recoup from affiliated companies [Wilton UK (Group) Ltd and
Wilton & Partners Ltd] to meet liquid capital requirements (LCR)
and solvency issues.
Wilton UK (Group) Ltd bought Hartley Pensions in 2016 and is wholly
owned by Wilton Group Ltd in the Isle of Man, Money Marketing
recounts.
Michael Anthony Flanagan (also known as Tony Flanagan) is a Hartley
Pensions director listed on Companies House and is also mentioned
on other Wilton firm entries.
According to the FCA note as at October 31, 2021 Wilton UK (Group)
Ltd owed Hartley Pensions GBP5,216,522, Money Marketing discloses.
And also Wilton & Partners Ltd owed Hartley GBP1,282,378 as at
October 31, 2021, Money Marketing states.
The dispute centres on whether Hartley Pensions was able to meet
liquid capital requirements using these loans and the process that
led to it entering administration in July, according to Money
Marketing.
Mr. Flanagan has rejected claims Hartley Pensions took client money
without consent; its capital liquidity requirements were
irresolvable and the wind down of Hartley Pensions was inevitable.
According to the document seen by Money Marketing, Hartley Pensions
gave repeated assurances its business plans were solid but these
did not stand up to scrutiny from the FCA.
It said Hartley Pensions wrote to the FCA on March 15, 2022,
proposing an GBP18.5 million fundraising round, Money Marketing
notes.
According to Money Marketing, the document said: "The firm [Hartley
Pensions] intended to use the funds to settle both of its
intercompany loans which total approx. GBP4.8 million and to repay
in full Hartley scheme member funds which had been removed without
the consumer's consent although it did not reflect the return of
interest or any client redress due which is to be determined.
Supervision [FCA] is concerned that the funds may not be sufficient
as a result."
The FCA paper added the GBP18.5 million fund raising round was also
intended to settle the outstanding client money shortfall of
GBP14.5 million, Money Marketing relays.
Mr. Flanagan, as cited by Money Marketing, said at the time of the
March meetings with the FCA he was a non-executive director at the
company [Hartley Pensions] and has been for several years.
The correspondence between the FCA and Hartley Pensions also
mentions why Hartley attempted to get the ban on it lifted, Money
Marketing states.
The FCA's note said it held a call with the firm on March 18, 2022,
where Hartley Pensions explained more about its proposed GBP18.5
million fundraising, Money Marketing relates.
It said the GBP18.5 million fundraising was contingent on lifting
the requirement to cease new business, Money Marketing discloses.
And also that it would raise the funds within seven days of the ban
on new business being lifted, according to Money Marketing.
In response the FCA, as cited by Money Marketing, said that the
outstanding GBP4.8 million intercompany balance may not be liquid
and wanted Hartley Pensions to recall the loans by March 30, 2022,
to validate the loans as liquid.
The firm's solicitor confirmed that the chief executive at the time
had requested in writing on March 2, 2022, that ‘Wilton' recall
the loans.
Mr. Flanagan has told Money Marketing he is not sure where the
GBP18.5 million figure came from and that he proposed to the FCA he
would raise money to help Hartley Pensions.
HIMALAYAN ZEST: Directors Get 19-Year Disqualification Ban
----------------------------------------------------------
The Insolvency Service on Dec. 6 disclosed that Savio Gilbert
Pereira, 46, and Sajid Anver Valimohammed, 37, have been
disqualified as company directors for a total of 19 years following
separate Insolvency Service investigations which uncovered
financial misconduct.
Mr. Pereira, of Market Harborough was sole director of Himalayan
Zest Takeaway Limited, which was incorporated in April 2018 and
traded as Himalayan Zest on Market Street in Lutterworth until it
went into liquidation in November 2021.
In June 2020, Mr. Pereira applied for a Bounce Back Loan on behalf
of Himalayan Zest. Bounce Back Loans were government-backed loans
designed to help businesses stay afloat during the Covid-19
pandemic.
Under the rules of the scheme, companies could apply for loans of
between GBP2,000 and GBP50,000, up to a maximum of 25% of their
turnover for 2019.
Mr. Pereira stated that Himalayan Zest's turnover was around
GBP207,500, which allowed the restaurant to receive the maximum
GBP50,000 loan.
When the business went into liquidation the following year owing
around GBP51,500, it triggered an investigation by the Insolvency
Service which found that Pereira had exaggerated Himalayan Zest's
turnover in order to falsely claim the loan.
Investigators discovered that the company only had around GBP54,600
in its bank account following receipt of the Bounce Back Loan, and
between June and August that year, Mr. Pereira had made a GBP10,000
payment to himself, GBP28,000 in various debit payments to an
unknown recipient and had withdrawn a total of GBP16,800 in cash.
Mr. Pereira was unable to prove that these transactions were for
the economic support of the restaurant.
A second director, Sajid Anver Valimohammed, of Leicester, was
director of J Dee Designs Ltd, which was incorporated in July 2019
and traded as a fashionwear finisher from Upper Charnwood Street in
Leicester until it went into liquidation in December 2020.
But Mr. Valimohammed had failed to keep business accounts and
records -- a legal requirement of company directors -- and was
unable to hand them over to the company's liquidators, which led to
an investigation by the Insolvency Service.
Investigators discovered that Mr. Valimohammed had withdrawn more
than GBP286,000 from the company bank account through 199 separate
transfers with the reference "Mrref Self FT" during the time J Dee
Design was in business.
They found that around GBP315,300 was withdrawn from J Dee Design's
bank account during the period -- including GBP30,000 from a Bounce
Back Loan that the company had applied for -- but Mr. Valimohammed
could not prove that the transactions were for legitimate trading
activity, or whether the loan money had been used for the benefit
of the company.
And due to his failure to keep company accounts, investigators were
also unable to verify whether J Dee Designs had paid the correct
amount of tax it owed, or to ascertain the true financial position
of the company when it went into liquidation, including whether
liquidators would be able to make any recovery of debts.
Mr. Valimohammed did not contest the disqualification order at
court and was banned from being a director for 8 years on 9
November this year. His ban began on Nov. 30 and the court also
awarded full costs to the Insolvency Service.
Separately, the Secretary of State accepted a disqualification
undertaking from Savio Pereira in October, after he did not dispute
that he had caused his restaurant to falsely apply for a Bounce
Back Loan of GBP50,000, and had failed to use the money for the
economic benefit of the company.
Mr. Pereira's disqualification started on Nov. 15 this year and
lasts for 11 years. The bans prevent the two directors from
directly or indirectly becoming involved in the promotion,
formation or management of a company, without the permission of the
court.
Dave Elliott, Chief Examiner at The Insolvency Service, said,
"The Insolvency Service takes Bounce Back Loan abuse and the
failure to keep, preserve and deliver up books and records very
seriously.
"The length of these directors' bans reflects the gravity of their
misconduct, and should serve as a warning to others."
M&CO: Goes Into Administration for Second Time
----------------------------------------------
Alan Young at The Scotsman reports that Scottish clothing chain
M&Co has appointed administrators after it collapsed for a second
time in just over two years.
The company, which used to be known as Mackays, currently employs
1,910 staff with 170 shops across the UK.
It last collapsed in 2020 but assets were immediately bought back,
The Scotsman recounts.
Gavin Park, Adele MacLeod and Rob Harding of Teneo Financial
Advisory Limited were appointed as
Joint Administrators on Dec. 9, The Scotsman relates.
According to The Scotsman, Mr. Park said: "Like many retailers, the
Company has experienced a sharp rise in its input costs, which has
coincided with a decline in consumer confidence leading to trading
challenges. Despite a very loyal customer base, particularly in
local markets, and a well-recognised brand, the current economic
outlook has placed increasing pressure on the Company's cash
position."
No immediate redundancies have been made and the Joint
Administrators are now exploring a potential sale of the business
in an "accelerated timeframe" during which time the Company will
continue to trade from its stores and website.
VTB CAPITAL: Put Into Administration in London
----------------------------------------------
Ed Frankl at Dow Jones Newswires reports that the U.K. arm of
Russia's VTB Bank has been placed in administration in London, its
administrators said on Dec. 9 in a statement, after being hit with
sanctions on the onset of Russia's invasion of Ukraine.
Teneo Financial Advisory said VTB Capital PLC was put into
administration on Dec. 6 after a hearing in April where the order
to put VTB into administration remained conditional on receiving
U.K. and U.S. sanctions licenses, Dow Jones relates.
According to Dow Jones, Teneo said the license from the U.K. Office
of Financial Sanctions Implementation was received in April, while
the one from the U.S. Office of Foreign Assets Control was received
in November, prompting the court's administration order.
It said Stephen Browne and David Soden of Teneo were appointed
administrators and are now using the licenses to realize the frozen
assets, Dow Jones notes.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week December 5 to December 9, 2022
-------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- ------- -----
Orpea SA 2.625 3/10/2025 EUR 19.657
Orpea SA 2.000 4/1/2028 EUR 19.659
Castellum AB 3.125 EUR 60.919
Atento Luxco 1 SA 8.000 2/10/2026 USD 52.274
Orpea SA 0.375 5/17/2027 EUR 29.775
Gol Finance SA 7.000 1/31/2025 USD 39.743
Samhallsbyggnadsbola 2.875 EUR 37.539
Jababeka Internation 6.500 10/5/2023 USD 53.917
Metalcorp Group SA 8.500 6/28/2026 EUR 49.157
Movida Europe SA 5.250 2/8/2031 USD 73.354
Ulker Biskuvi Sanayi 6.950 10/30/2025 USD 73.257
Vedanta Resources Lt 6.125 8/9/2024 USD 61.247
Nobel Bidco BV 3.125 6/15/2028 EUR 67.552
Sigma Holdco BV 5.750 5/15/2026 EUR 71.099
EnfraGen Energia Sur 5.375 12/30/2030 USD 64.941
Castellum Helsinki F 0.875 9/17/2029 EUR 67.623
CECONOMY AG 1.750 6/24/2026 EUR 65.217
DEMIRE Deutsche Mitt 1.875 10/15/2024 EUR 68.731
Republic of Belarus 6.875 2/28/2023 USD 37.786
Gazprom PJSC via Gaz 1.500 2/17/2027 EUR 66.185
Samhallsbyggnadsbola 2.624 EUR 39.739
Tullow Oil PLC 7.000 3/1/2025 USD 70.117
VEON Holdings BV 3.375 11/25/2027 USD 72.750
Credit Suisse Group 0.625 1/18/2033 EUR 56.066
Kernel Holding SA 6.500 10/17/2024 USD 44.925
Vedanta Resources Fi 8.950 3/11/2025 USD 67.163
HSBC Holdings PLC 4.600 USD 71.868
DIC Asset AG 2.250 9/22/2026 EUR 59.650
Gazprom PJSC Via Gaz 3.125 11/17/2023 EUR 70.933
Air France-KLM 0.125 3/25/2026 EUR 16.128
Arrival SA 3.500 12/1/2026 USD 25.500
Casino Guichard Perr 3.992 EUR 17.596
Maxeda DIY Holding B 5.875 10/1/2026 EUR 66.877
Aroundtown SA 3.375 EUR 54.952
Vedanta Resources Fi 9.250 4/23/2026 USD 60.690
Corestate Capital Ho 1.375 11/28/2022 EUR 8.187
Telecom Italia SpA/M 5.250 3/17/2055 EUR 74.909
ATF Netherlands BV 3.750 EUR 74.468
MorphoSys AG 0.625 10/16/2025 EUR 48.610
JSM Global Sarl 4.750 10/20/2030 USD 64.005
Credit Suisse Group 5.100 USD 59.000
Heimstaden Bostad AB 2.625 EUR 61.578
Schoeller Packaging 6.375 11/1/2024 EUR 72.192
Gazprom PJSC Via Gaz 2.949 1/24/2024 EUR 70.000
Gazprom PJSC Via Gaz 2.250 11/22/2024 EUR 71.420
Credit Suisse Group 2.875 4/2/2032 EUR 74.239
Novafives SAS 5.000 6/15/2025 EUR 73.806
B2W Digital Lux Sarl 4.375 12/20/2030 USD 61.563
Credit Suisse Group 4.500 USD 56.000
Simpar Europe SA 5.200 1/26/2031 USD 73.008
Gazprom PJSC via Gaz 3.897 EUR 37.061
Romanian Government 3.375 1/28/2050 EUR 60.092
Casino Guichard Perr 4.262 EUR 16.125
Samhallsbyggnadsbola 2.625 EUR 38.793
AT Securities BV 5.250 USD 61.644
Allianz SE 3.875 USD 67.689
Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 61.500
Casino Guichard Perr 3.580 2/7/2025 EUR 67.534
Carnival PLC 1.000 10/28/2029 EUR 41.714
Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 73.000
MHP SE 7.750 5/10/2024 USD 52.622
Republic of Belarus 5.875 2/24/2026 USD 36.477
Gazprom PJSC Via Gaz 1.450 3/6/2023 CHF 60.660
Gazprom PJSC Via Gaz 2.500 3/21/2026 EUR 70.052
MHP Lux SA 6.950 4/3/2026 USD 50.638
Accentro Real Estate 3.625 2/13/2023 EUR 45.625
Kenbourne Invest SA 4.700 1/22/2028 USD 70.880
Balder Finland Oyj 2.000 1/18/2031 EUR 65.340
Ukraine Government I 6.750 6/20/2028 EUR 19.458
Cimpress PLC 7.000 6/15/2026 USD 67.581
Barclays PLC 4.375 USD 74.290
NAK Naftogaz Ukraine 7.625 11/8/2026 USD 18.073
Romanian Government 4.625 4/3/2049 EUR 74.536
Audax Renovables SA 4.200 12/18/2027 EUR 59.932
VTR Finance NV 6.375 7/15/2028 USD 44.098
Development Bank of 6.750 5/2/2024 USD 22.667
Korian SA 1.875 EUR 31.559
Credit Suisse Group 6.375 USD 70.440
Mitsubishi UFJ Inves 6.398 12/15/2050 EUR 38.311
Signa Development Fi 5.500 7/23/2026 EUR 55.334
Vonovia SE 1.625 9/1/2051 EUR 55.329
Gazprom PJSC Via Gaz 5.150 2/11/2026 USD 62.000
Finnair Oyj 4.250 5/19/2025 EUR 74.554
ADLER Group SA 2.250 1/14/2029 EUR 38.767
Korian SA 0.875 3/6/2027 EUR 40.587
Kernel Holding SA 6.750 10/27/2027 USD 38.393
Credit Suisse Group 5.625 SGD 72.793
Gazprom PJSC via Gaz 4.599 USD 52.000
Banco Santander SA 3.625 EUR 69.686
Romanian Government 2.000 1/28/2032 EUR 69.304
Credit Suisse Group 3.000 CHF 67.463
GTC Aurora Luxembour 2.250 6/23/2026 EUR 71.389
SBB Treasury Oyj 0.750 12/14/2028 EUR 59.641
Balder Finland Oyj 1.000 1/20/2029 EUR 67.543
VGP NV 2.250 1/17/2030 EUR 67.002
UBS Group AG 4.375 USD 68.720
Aroundtown SA 2.875 EUR 54.956
Casino Guichard Perr 6.625 1/15/2026 EUR 46.908
Metinvest BV 8.500 4/23/2026 USD 55.500
Credit Suisse Group 7.250 USD 74.740
Grand City Propertie 1.500 EUR 48.678
ams-OSRAM AG 2.125 11/3/2027 EUR 69.102
CPI Property Group S 4.875 EUR 52.325
Russian Foreign Bond 5.625 4/4/2042 USD 56.908
Mahle GmbH 2.375 5/14/2028 EUR 74.702
Banco Comercial Port 4.000 5/17/2032 EUR 70.050
Credit Suisse Group 5.250 USD 66.950
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 48.500
Heimstaden Bostad AB 3.625 EUR 64.675
Romanian Government 2.750 4/14/2041 EUR 58.190
Gazprom PJSC via Gaz 2.950 4/15/2025 EUR 69.728
Fastighets AB Balder 2.873 6/2/2081 EUR 61.341
Teva Pharmaceutical 4.100 10/1/2046 USD 62.998
Atos SE 1.000 11/12/2029 EUR 61.435
Anadolu Efes Biracil 3.375 6/29/2028 USD 71.202
NAK Naftogaz Ukraine 7.125 7/19/2024 EUR 18.175
Gazprom PJSC Via Gaz 4.250 4/6/2024 GBP 65.122
VGP NV 1.500 4/8/2029 EUR 66.431
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 64.000
ING Groep NV 3.875 USD 70.844
Takko Luxembourg 2 S 5.375 11/15/2023 EUR 74.108
Standard Chartered P 4.300 USD 68.430
Petrobras Global Fin 5.500 6/10/2051 USD 74.930
French Republic Gove 0.750 5/25/2052 EUR 62.407
SBB Treasury Oyj 1.125 11/26/2029 EUR 59.331
Citycon Oyj 4.496 EUR 62.567
Credit Suisse Group 3.875 CHF 74.792
Very Group Funding P 6.500 8/1/2026 GBP 73.905
Standard Chartered P 4.750 USD 72.415
Intesa Sanpaolo SpA 4.198 6/1/2032 USD 74.311
UBM Development AG 5.500 EUR 68.000
BNP Paribas SA 4.500 USD 73.746
Hungary Government I 2.125 9/22/2031 USD 74.545
Ukraine Government I 6.876 5/21/2031 USD 21.033
Allianz SE 3.200 USD 72.854
Constellation Automo 4.875 7/15/2027 GBP 65.646
BNP Paribas Fortis S 3.030 EUR 74.280
Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 65.000
United Kingdom Gilt 1.125 10/22/2073 GBP 54.357
Gazprom PJSC via Gaz 1.850 11/17/2028 EUR 62.472
La Banque Postale SA 3.000 EUR 73.357
Berkeley Group PLC/T 2.500 8/11/2031 GBP 66.912
Romanian Government 2.000 4/14/2033 EUR 66.982
Allianz SE 2.625 EUR 74.060
Sigma Holdco BV 7.875 5/15/2026 USD 71.572
Heimstaden AB 6.750 EUR 45.948
Hungary Government I 1.750 6/5/2035 EUR 67.005
Vodafone Group PLC 5.125 6/4/2081 USD 70.707
Aggregate Holdings S 6.875 11/9/2025 EUR 36.675
Voltalia SA 1.000 1/13/2025 EUR 27.839
Casino Guichard Perr 5.250 4/15/2027 EUR 45.359
Aroundtown SA 0.375 4/15/2027 EUR 74.516
IWG International Ho 0.500 12/9/2027 GBP 73.020
Aroundtown SA 4.750 GBP 54.037
Gol Finance SA 8.000 6/30/2026 USD 57.977
Compact Bidco BV 5.750 5/1/2026 EUR 67.944
Hungary Government I 0.500 11/18/2030 EUR 69.512
Ukraine Government I 7.750 9/1/2026 USD 22.437
Cellnex Finance Co S 3.875 7/7/2041 USD 68.941
Atrium Finance Ltd 2.625 9/5/2027 EUR 70.144
Samhallsbyggnadsbola 1.000 8/12/2027 EUR 66.613
Hacienda Investments 5.350 2/8/2028 USD 42.000
Aroundtown SA 1.625 EUR 49.955
TUI AG 5.000 4/16/2028 EUR 72.550
Intesa Sanpaolo SpA 4.125 EUR 74.626
ING Groep NV 4.250 USD 67.582
Hannover Rueck SE 1.375 6/30/2042 EUR 73.857
CPI Property Group S 1.625 4/23/2027 EUR 72.286
Trinseo Materials Op 5.125 4/1/2029 USD 64.677
Zorlu Yenilenebilir 9.000 6/1/2026 USD 73.194
Aroundtown SA 2.125 EUR 53.490
Ukraine Railways Via 8.250 7/9/2024 USD 19.851
Romanian Government 3.875 10/29/2035 EUR 74.756
Allianz SE 2.600 EUR 71.405
Gazprom PJSC via Gaz 3.000 6/29/2027 USD 62.875
HOCHTIEF AG 0.625 4/26/2029 EUR 74.760
TAG Immobilien AG 0.625 8/27/2026 EUR 71.473
Gazprom PJSC Via Gaz 4.364 3/21/2025 EUR 69.728
Standard Profil Auto 6.250 4/30/2026 EUR 59.992
Unicaja Banco SA 4.875 EUR 72.771
Rothschild & Co Cont 4.438 USD 68.143
Phosagro OAO Via Pho 2.600 9/16/2028 USD 63.000
CTP NV 1.500 9/27/2031 EUR 59.545
HSE Finance Sarl 5.625 10/15/2026 EUR 55.667
Romanian Government 4.000 2/14/2051 USD 65.325
Russian Railways Via 2.100 10/2/2023 CHF 25.160
M2 Asset Management 5.500 1/15/2025 SEK 71.208
Lar Espana Real Esta 1.843 11/3/2028 EUR 67.628
Pro-Gest SpA 3.250 12/15/2024 EUR 62.120
Enel SpA 1.875 EUR 72.096
Orpea SA 2.200 12/15/2024 EUR 21.300
Sagax Euro Mtn NL BV 1.000 5/17/2029 EUR 71.364
Dtek Renewables Fina 8.500 11/12/2024 EUR 29.978
Altice France Holdin 4.000 2/15/2028 EUR 68.542
Fastighets AB Balder 1.125 1/29/2027 EUR 73.969
Aragvi Finance Inter 8.450 4/29/2026 USD 70.324
Diebold Nixdorf Dutc 9.000 7/15/2025 EUR 67.648
Hungary Government B 2.250 4/20/2033 HUF 60.046
Heimstaden AB 4.250 3/9/2026 EUR 72.311
Prosus NV 3.832 2/8/2051 USD 60.837
Ukraine Government I 9.750 11/1/2030 USD 24.276
Heimstaden Bostad AB 3.000 EUR 64.872
JT International Fin 2.250 9/14/2031 USD 74.087
Citycon Oyj 3.625 EUR 51.649
Credit Suisse Group 0.650 9/10/2029 EUR 68.297
NAK Naftogaz Ukraine 7.375 7/19/2022 USD 15.333
Barclays Bank PLC 1.710 EUR 74.447
AI Candelaria Spain 5.750 6/15/2033 USD 72.710
NPC Ukrenergo 6.875 11/9/2028 USD 16.134
Romanian Government 2.625 12/2/2040 EUR 57.534
Endo Luxembourg Fina 6.125 4/1/2029 USD 74.250
UniCredit SpA 0.850 1/19/2031 EUR 73.871
CPI Property Group S 1.500 1/27/2031 EUR 60.471
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 52.750
CNP Assurances 4.875 USD 75.247
United Kingdom Gilt 1.500 7/31/2053 GBP 65.395
Russian Railways Via 2.200 5/23/2027 EUR 33.298
Zur Rose Group AG 2.500 11/21/2024 CHF 64.989
Gazprom PJSC Via Gaz 4.950 2/6/2028 USD 62.000
Serbia International 1.500 6/26/2029 EUR 74.737
GOL Equity Finance S 3.750 7/15/2024 USD 40.750
Romanian Government 4.125 3/11/2039 EUR 72.361
OSB Group PLC 6.000 GBP 73.003
Balder Finland Oyj 1.000 1/18/2027 EUR 74.636
Ideal Standard Inter 6.375 7/30/2026 EUR 48.467
Ukraine Government I 7.750 9/1/2029 USD 23.905
Korian SA 2.250 10/15/2028 EUR 68.328
EDP - Energias de Po 1.875 3/14/2082 EUR 72.617
Heimstaden AB 4.375 3/6/2027 EUR 71.187
Serbia International 1.000 9/23/2028 EUR 74.620
Slovakia Government 0.375 4/21/2036 EUR 65.510
Citycon Treasury BV 1.625 3/12/2028 EUR 73.528
Gazprom PJSC via Gaz 1.540 6/30/2027 CHF 49.997
Novolipetsk Steel Vi 1.450 6/2/2026 EUR 59.634
NatWest Group PLC 4.600 USD 68.500
Stellantis NV 1.250 6/20/2033 EUR 73.729
United Kingdom Gilt 1.125 1/31/2039 GBP 71.127
HSBC Bank PLC 3.127 USD 67.397
Vilmorin & Cie SA 1.375 3/26/2028 EUR 72.986
Barclays PLC 1.106 5/12/2032 EUR 74.188
Commerzbank AG 4.250 EUR 74.492
CPI Property Group S 4.875 EUR 54.399
Metro Bank PLC 5.500 6/26/2028 GBP 50.189
Haya Holdco 2 PLC 9.542 11/30/2025 EUR 57.640
ADLER Group SA 1.500 7/26/2024 EUR 42.863
Nitrogenmuvek Vegyip 7.000 5/14/2025 EUR 70.022
Ukraine Government B 15.840 2/26/2025 UAH 59.297
Republic of Belarus 6.378 2/24/2031 USD 30.000
Mutuelle Assurance D 3.500 EUR 71.143
Credit Suisse Group 3.091 5/14/2032 USD 69.965
International Consol 1.125 5/18/2028 EUR 72.724
Heimstaden Bostad AB 3.375 EUR 64.751
MMC Norilsk Nickel O 2.800 10/27/2026 USD 51.356
Iceland Bondco PLC 4.375 5/15/2028 GBP 69.861
Ukraine Government I 7.750 9/1/2028 USD 23.912
AerCap Ireland Capit 3.850 10/29/2041 USD 73.804
Swedbank AB 4.000 USD 74.061
ADLER Real Estate AG 3.000 4/27/2026 EUR 68.605
Just Eat Takeaway.co 0.625 2/9/2028 EUR 66.532
NGD Holdings BV 6.750 12/31/2026 USD 39.021
Kleopatra Holdings 2 6.500 9/1/2026 EUR 64.167
United Kingdom Gilt 1.750 7/22/2057 GBP 70.673
Aegon NV 0.496 NLG 68.629
CaixaBank SA 3.625 EUR 71.878
Enel Finance Interna 0.875 9/28/2034 EUR 70.772
Russian Railways Via 3.125 CHF 6.650
Orpea SA 2.130 7/3/2024 EUR 25.549
P3 Group Sarl 1.625 1/26/2029 EUR 74.203
ABN AMRO Bank NV 1.250 1/20/2034 EUR 73.855
Banco Santander SA 3.225 11/22/2032 USD 73.420
gategroup Finance Lu 3.000 2/28/2027 CHF 68.282
Rothesay Life PLC 5.000 GBP 68.247
Casino Guichard Perr 4.048 8/5/2026 EUR 45.520
Republic of Belarus 6.200 2/28/2030 USD 29.976
Akelius Residential 0.750 2/22/2030 EUR 73.890
Hellenic Republic Go 1.875 1/24/2052 EUR 61.420
Vnesheconombank Via 6.800 11/22/2025 USD 5.688
Rallye SA 4.000 2/28/2032 EUR 8.556
EP Infrastructure AS 2.045 10/9/2028 EUR 69.856
DDM Debt AB 9.000 4/19/2026 EUR 64.754
Liquid Telecommunica 5.500 9/4/2026 USD 70.151
Heimstaden Bostad Tr 1.625 10/13/2031 EUR 66.380
MMC Norilsk Nickel O 2.550 9/11/2025 USD 53.312
ADLER Group SA 1.875 1/14/2026 EUR 39.333
Intesa Sanpaolo Vita 2.375 12/22/2030 EUR 72.666
Peach Property Finan 4.375 11/15/2025 EUR 71.345
Rothesay Life PLC 4.875 USD 73.689
Russian Foreign Bond 5.250 6/23/2047 USD 41.480
Metinvest BV 5.625 6/17/2025 EUR 51.864
Grand City Propertie 0.125 1/11/2028 EUR 74.051
Logicor Financing Sa 2.000 1/17/2034 EUR 69.193
Phosagro OAO Via Pho 3.050 1/23/2025 USD 52.532
Altice France Holdin 6.000 2/15/2028 USD 66.310
Russian Railways Via 0.840 3/12/2026 CHF 18.524
EnBW Energie Baden-W 1.375 8/31/2081 EUR 73.268
United Kingdom Gilt 1.750 1/22/2049 GBP 71.906
Republic of Italy Go 3.875 5/6/2051 USD 68.203
Balder Finland Oyj 1.375 5/24/2030 EUR 63.663
Fastighets AB Balder 1.250 1/28/2028 EUR 69.619
Air Baltic Corp AS 6.750 7/30/2024 EUR 71.487
State Agency of Road 6.250 6/24/2030 USD 17.580
Prosus NV 4.027 8/3/2050 USD 61.582
Russian Foreign Bond 4.875 9/16/2023 USD 71.094
Castle UK Finco PLC 7.000 5/15/2029 GBP 69.817
Sberbank of Russia V 5.125 10/29/2022 USD 6.500
Sarens Finance Co NV 5.750 2/21/2027 EUR 74.952
Ukreximbank Via Biz 9.950 11/14/2029 USD 29.625
Russian Railways Via 4.600 3/6/2023 EUR 33.934
Vonovia SE 1.000 6/16/2033 EUR 69.952
BNP Paribas SA 0.837 EUR 74.000
Ocado Group PLC 0.750 1/18/2027 GBP 66.145
Ekosem-Agrar AG 8.500 12/7/2022 EUR 22.139
Prosus NV 1.288 7/13/2029 EUR 73.376
Tinkoff Bank JSC Via 6.000 USD 33.000
Romanian Government 3.500 4/3/2034 EUR 73.397
Deutsche Bahn Financ 0.625 12/8/2050 EUR 56.707
Serbia International 1.650 3/3/2033 EUR 64.772
Intesa Sanpaolo SpA 4.950 6/1/2042 USD 65.783
Idorsia Ltd 2.125 8/4/2028 CHF 69.987
Accor SA 0.700 12/7/2027 EUR 42.372
Vonovia SE 1.500 6/14/2041 EUR 61.716
Ukraine Railways Via 7.875 7/15/2026 USD 20.726
Metalloinvest Financ 3.375 10/22/2028 USD 57.500
Serbia International 2.050 9/23/2036 EUR 59.880
VTB Bank OJSC Via VT 6.950 10/17/2022 USD 7.111
United Kingdom Gilt 1.625 10/22/2054 GBP 67.906
CPI Property Group S 1.750 1/14/2030 EUR 64.743
EIG Pearl Holdings S 4.387 11/30/2046 USD 73.944
Hungary Government B 3.250 10/22/2031 HUF 70.195
Avianca Midco 2 PLC 9.000 12/1/2028 USD 74.250
Jaguar Land Rover Au 5.500 7/15/2029 USD 72.190
Vonovia SE 0.750 9/1/2032 EUR 69.578
MHP Lux SA 6.250 9/19/2029 USD 48.165
Credit Suisse Group 4.875 5/15/2045 USD 69.477
Heimstaden Bostad Tr 0.750 9/6/2029 EUR 69.890
Union Fenosa Prefere 2.843 EUR 65.923
Aroundtown SA 1.450 7/9/2028 EUR 73.974
TotalEnergies SE 2.125 EUR 73.933
EP Infrastructure AS 1.816 3/2/2031 EUR 64.440
Flamingo Lux II SCA 5.000 3/31/2029 EUR 74.630
Odea Bank AS 8.606 8/1/2027 USD 74.000
Deutsche Bank AG/New 3.035 5/28/2032 USD 74.492
ADLER Group SA 2.000 11/23/2023 EUR 48.606
Prosus NV 3.061 7/13/2031 USD 74.112
BICO Group AB 2.875 3/19/2026 SEK 65.345
Groupe des Assurance 1.850 4/21/2042 EUR 74.140
Russian Railways Via 4.375 3/1/2024 USD 29.044
Russian Foreign Bond 5.875 9/16/2043 USD 56.944
Dignity Finance PLC 4.696 12/31/2049 GBP 70.850
MRG Finance UK PLC 8.750 10/26/2023 EUR 56.068
Acef Holding SCA 1.250 4/26/2030 EUR 71.682
Vonovia SE 0.625 3/24/2031 EUR 72.757
Delivery Hero SE 1.000 4/30/2026 EUR 71.084
Fnac Darty SA 0.250 3/23/2027 EUR 64.200
Russian Railways Via 7.487 3/25/2031 GBP 25.650
Mallinckrodt Interna 10.000 6/15/2029 USD 51.938
SATO Oyj 1.375 2/24/2028 EUR 73.937
SPP-Distribucia AS 1.000 6/9/2031 EUR 65.237
EnBW Energie Baden-W 2.125 8/31/2081 EUR 67.189
Atento Luxco 1 SA 8.000 2/10/2026 USD 52.196
Grand City Propertie 2.500 EUR 70.301
Metinvest BV 7.750 10/17/2029 USD 40.500
Boparan Finance PLC 7.625 11/30/2025 GBP 67.563
Takko Luxembourg 2 S 7.137 11/15/2023 EUR 73.150
ASTM SpA 2.375 11/25/2033 EUR 74.322
Delivery Hero SE 2.125 3/10/2029 EUR 62.900
Enel Finance Interna 0.875 6/17/2036 EUR 67.786
VIC Properties SA 3.000 5/28/2025 EUR 75.000
EnBW International F 0.500 3/1/2033 EUR 71.307
Deutsche Bank AG/New 3.742 1/7/2033 USD 71.643
Russian Railways Via 0.898 10/3/2025 CHF 25.018
Czech Republic Gover 1.500 4/24/2040 CZK 60.888
adidas AG 0.625 9/10/2035 EUR 73.133
Foodco Bondco SA 6.250 5/15/2026 EUR 65.250
MMC Norilsk Nickel O 4.100 4/11/2023 USD 60.184
Russian Railways Via 5.700 4/5/2022 USD 24.849
Saga PLC 5.500 7/15/2026 GBP 70.719
BAT International Fi 2.250 9/9/2052 GBP 46.448
Ukreximbank Via Biz 9.750 1/22/2025 USD 29.500
Lukoil Securities BV 3.875 5/6/2030 USD 72.500
ZUR Rose Finance BV 2.750 3/31/2025 CHF 65.611
HOCHTIEF AG 1.250 9/3/2031 EUR 67.023
Fresenius Finance Ir 0.875 10/1/2031 EUR 71.363
Samhallsbyggnadsbola 1.125 9/4/2026 EUR 73.176
DVI Deutsche Vermoeg 2.500 1/25/2027 EUR 73.872
Brit Insurance Holdi 3.676 12/9/2030 GBP 72.307
Romanian Government 3.375 2/8/2038 EUR 68.881
Rothschild & Co Cont 3.030 EUR 67.958
Lloyds Banking Group 2.707 12/3/2035 GBP 74.930
Orpea SA 2.750 6/3/2033 EUR 20.350
Republic of Austria 0.250 10/20/2036 EUR 72.272
Vonovia Finance BV 1.125 9/14/2034 EUR 66.423
Croatia Government I 1.750 3/4/2041 EUR 71.760
Credit Suisse Group 3.500 CHF 64.863
Delivery Hero SE 1.500 1/15/2028 EUR 66.277
Assicurazioni Genera 1.713 6/30/2032 EUR 74.823
Prosus NV 2.031 8/3/2032 EUR 68.363
Neoen SA 2.000 6/2/2025 EUR 50.253
Prosus NV 2.778 1/19/2034 EUR 68.946
Ageas SA/NV 3.875 EUR 73.869
CPI Property Group S 3.750 EUR 54.899
Digital Intrepid Hol 1.375 7/18/2032 EUR 73.840
Lukoil Capital DAC 3.600 10/26/2031 USD 70.283
Shell International 1.750 9/10/2052 GBP 55.454
Merlin Properties So 1.875 12/4/2034 EUR 71.670
Bellis Finco PLC 4.000 2/16/2027 GBP 70.347
Thermo Fisher Scient 2.000 10/18/2051 EUR 70.159
Metinvest BV 7.650 10/1/2027 USD 50.287
Russian Foreign Bond 4.250 6/23/2027 USD 44.236
Deutsche Bank AG 1.375 2/17/2032 EUR 73.027
Russian Foreign Bond 7.500 3/31/2030 USD 64.385
United Group BV 5.250 2/1/2030 EUR 74.231
Nexity SA 0.250 3/2/2025 EUR 56.610
Sirius Real Estate L 1.750 11/24/2028 EUR 68.303
Royalty Pharma PLC 3.550 9/2/2050 USD 67.206
ADLER Group SA 2.250 4/27/2027 EUR 38.792
Societe Generale SA 3.625 3/1/2041 USD 63.226
Logicor Financing Sa 0.875 1/14/2031 EUR 69.004
Maison Finco PLC 6.000 10/31/2027 GBP 72.744
VF Ukraine PAT via V 6.200 2/11/2025 USD 53.994
Eustream AS 1.625 6/25/2027 EUR 64.951
Romanian Government 1.375 12/2/2029 EUR 73.359
Prosus NV 4.987 1/19/2052 USD 70.521
Raiffeisen Bank Inte 4.500 EUR 69.619
Phosagro OAO Via Pho 3.949 4/24/2023 USD 61.988
Imperial Brands Fina 1.750 3/18/2033 EUR 70.703
Fresenius SE & Co KG 1.125 1/28/2033 EUR 70.026
Rallye SA 4.371 2/28/2032 EUR 8.007
BNP Paribas SA 0.625 12/3/2032 EUR 71.337
MMC Norilsk Nickel O 6.625 10/14/2022 USD 53.098
Wellcome Trust Ltd/T 1.500 7/14/2071 GBP 52.596
Polyus Finance PLC 3.250 10/14/2028 USD 48.616
Orpea SA 2.564 11/30/2027 EUR 16.994
Swan Housing Capital 3.625 3/5/2048 GBP 73.994
Agri Resources Group 8.000 3/17/2026 EUR 58.147
MMC Norilsk Nickel O 3.375 10/28/2024 USD 64.422
Hacienda Investments 5.075 2/15/2023 USD 42.341
Glencore Capital Fin 1.250 3/1/2033 EUR 73.123
Altarea SCA 1.750 1/16/2030 EUR 73.967
Bank Gospodarstwa Kr 2.375 11/27/2040 PLN 47.997
Klepierre SA 0.875 2/17/2031 EUR 74.014
Russian Foreign Bond 4.375 3/21/2029 USD 41.196
Severstal OAO Via St 3.150 9/16/2024 USD 5.560
Sweden Government Bo 1.375 6/23/2071 SEK 67.447
Interpipe Holdings P 8.375 5/13/2026 USD 35.750
Nykredit Realkredit 1.000 10/1/2053 DKK 70.082
Herens Midco Sarl 5.250 5/15/2029 EUR 68.486
Societe Generale SA 1.113 7/17/2031 EUR 73.380
HSBC Bank PLC 4.420 USD 67.319
Slovenia Government 0.688 3/3/2081 EUR 39.343
Imerys SA 1.000 7/15/2031 EUR 69.627
University of Oxford 2.544 12/8/2117 GBP 65.782
Russian Foreign Bond 4.750 5/27/2026 USD 44.992
ADLER Group SA 3.250 8/5/2025 EUR 40.933
Verbund AG 0.900 4/1/2041 EUR 67.001
Shell International 3.000 11/26/2051 USD 71.668
Vonovia Finance BV 1.000 1/28/2041 EUR 56.600
Atos SE 2.500 11/7/2028 EUR 63.962
Credit Mutuel Arkea 0.875 3/11/2033 EUR 72.972
MVM Energetika Zrt 0.875 11/18/2027 EUR 71.755
Just Group PLC 5.000 GBP 68.620
Credit Bank of Mosco 3.100 1/21/2026 EUR 18.583
NE Property BV 2.000 1/20/2030 EUR 69.460
Russian Railways Via 1.195 4/3/2028 CHF 14.432
Intermediate Capital 2.500 1/28/2030 EUR 73.077
BAT International Fi 2.000 3/13/2045 EUR 58.141
R-Logitech Finance S 10.250 9/26/2027 EUR 59.978
Deutsche Bank AG/New 3.729 1/14/2032 USD 73.849
Vodafone Group PLC 3.000 8/12/2056 GBP 68.531
Cofinimmo SA 0.875 12/2/2030 EUR 74.776
Momox Holding AG 7.498 7/10/2025 EUR 57.557
BCP V Modular Servic 6.750 11/30/2029 EUR 72.659
Borets Finance DAC 6.000 9/17/2026 USD 34.153
Standard Chartered P 3.603 1/12/2033 USD 74.324
Biocartis Group NV 4.000 5/9/2024 EUR 56.812
Mutuelle Assurance D 2.125 6/21/2052 EUR 69.839
Aedifica SA 0.750 9/9/2031 EUR 67.672
BPCE SA 3.116 10/19/2032 USD 72.625
Tinkoff Bank JSC Via 11.002 USD 36.909
TotalEnergies Capita 3.386 6/29/2060 USD 72.757
Lloyds Banking Group 3.369 12/14/2046 USD 64.829
Novafives SAS 5.500 6/15/2025 EUR 73.969
UNEDIC ASSEO 0.100 5/25/2034 EUR 72.825
Electricite de Franc 1.000 11/29/2033 EUR 71.638
Cardea Europe AG 7.250 12/8/2023 EUR 42.917
Andorra Internationa 1.700 10/13/2041 EUR 73.548
Vnesheconombank Via 5.942 11/21/2023 USD 4.574
Samhallsbyggnadsbola 5.333 SEK 55.222
Chesnara PLC 4.750 8/4/2032 GBP 73.018
Jaguar Land Rover Au 5.500 7/15/2029 USD 71.721
Nestle Finance Inter 0.875 6/14/2041 EUR 70.295
Moby SpA 7.750 2/15/2023 EUR 65.867
EnfraGen Energia Sur 5.375 12/30/2030 USD 64.994
Standard Chartered P 2.678 6/29/2032 USD 74.252
Standard Chartered P 2.678 6/29/2032 USD 74.075
Julius Baer Group Lt 3.625 USD 69.541
Delete Group Oyj 6.458 4/19/2024 EUR 71.145
ALROSA Finance SA 3.100 6/25/2027 USD 9.979
Wirecard AG 0.500 9/11/2024 EUR 10.305
Unibail-Rodamco-West 1.750 7/1/2049 EUR 63.665
VTB Bank PJSC Via VT 9.500 USD 6.000
UNIQA Insurance Grou 2.375 12/9/2041 EUR 71.877
Evraz PLC 5.375 3/20/2023 USD 49.263
EQT AB 0.875 5/14/2031 EUR 69.956
Muenchener Rueckvers 1.000 5/26/2042 EUR 71.908
ICADE 1.000 1/19/2030 EUR 74.387
Credit Agricole Assu 1.500 10/6/2031 EUR 74.974
Evraz PLC 5.250 4/2/2024 USD 52.000
Standard Chartered P 3.265 2/18/2036 USD 72.641
FIGEAC-AERO 1.750 10/18/2028 EUR 21.911
alstria office REIT- 1.500 11/15/2027 EUR 72.457
Iren SpA 0.250 1/17/2031 EUR 70.541
Desenio Group AB 7.056 12/16/2024 SEK 49.833
ADLER Group SA 2.750 11/13/2026 EUR 39.083
Electricite de Franc 4.500 12/4/2069 USD 72.069
Audax Renovables SA 2.750 11/30/2025 EUR 67.930
Sibur Securities DAC 3.450 9/23/2024 USD 59.750
Paragon GmbH & Co KG 4.000 4/23/2023 CHF 50.110
Perrigo Finance Unli 4.900 12/15/2044 USD 67.300
Orsted AS 1.500 2/18/3021 EUR 73.793
Credit Bank of Mosco 5.150 2/20/2024 EUR 18.453
JDE Peet's NV 1.125 6/16/2033 EUR 73.804
Romania Government B 4.250 4/28/2036 RON 67.985
Russian Foreign Bond 2.875 12/4/2025 EUR 42.746
Novolipetsk Steel Vi 4.700 5/30/2026 USD 59.443
Global Ports Finance 6.500 9/22/2023 USD 25.000
Wuestenrot & Wuertte 2.125 9/10/2041 EUR 70.028
DOF Subsea AS 11.480 11/27/2023 NOK 69.499
Storebrand Livsforsi 1.875 9/30/2051 EUR 71.997
Thermo Fisher Scient 1.625 10/18/2041 EUR 71.765
JAB Holdings BV 4.500 4/8/2052 USD 66.864
DH Europe Finance II 1.350 9/18/2039 EUR 73.080
Becton Dickinson Eur 1.336 8/13/2041 EUR 66.453
Enel Finance Interna 2.250 7/12/2031 USD 74.852
Nykredit Realkredit 1.500 10/1/2053 DKK 74.613
Icade Sante SACA 1.375 9/17/2030 EUR 72.503
Bank Gospodarstwa Kr 2.125 6/5/2030 PLN 68.573
Raiffeisen Bank Inte 1.375 6/17/2033 EUR 69.138
HOCHDORF Holding AG 2.500 CHF 27.273
Czech Gas Networks I 0.450 9/8/2029 EUR 68.392
Deutsche Bahn Financ 1.125 5/29/2051 EUR 63.337
NatWest Group PLC 3.032 11/28/2035 USD 73.481
Maisons du Monde SA 0.125 12/6/2023 EUR 46.077
Prosus NV 1.985 7/13/2033 EUR 65.124
Barclays PLC 3.811 3/10/2042 USD 65.784
E.ON SE 0.875 10/18/2034 EUR 74.261
SAS AB 6.900 SEK 20.166
Republic of Poland G 2.000 3/8/2049 EUR 69.834
DOF Subsea AS 9.500 3/14/2023 USD 70.372
Island Offshore Ship 8.320 6/30/2024 NOK 15.250
Koninklijke KPN NV 0.875 11/15/2033 EUR 74.763
HSE Finance Sarl 7.512 10/15/2026 EUR 61.266
Czech Republic Gover 1.950 7/30/2037 CZK 70.713
BP Capital Markets B 1.467 9/21/2041 EUR 69.671
Credit Suisse Group 5.250 USD 68.960
BPCE SA 2.125 10/13/2046 EUR 71.217
ABN AMRO Bank NV 3.324 3/13/2037 USD 72.552
Credit Bank of Mosco 8.875 USD 17.000
BUPA Finance PLC 4.000 GBP 65.106
Czech Republic Gover 0.050 11/29/2029 CZK 72.018
Bigben Interactive 1.125 2/19/2026 EUR 69.358
Ekosem-Agrar AG 2.500 7/31/2029 EUR 21.627
Linde PLC 1.000 9/30/2051 EUR 60.582
esure Group PLC 6.000 GBP 70.817
Beyond Housing Ltd 2.125 5/17/2051 GBP 60.587
Deutsche Telekom AG 1.750 12/9/2049 EUR 72.731
John Lewis PLC 4.250 12/18/2034 GBP 63.234
GOL Equity Finance S 3.750 7/15/2024 USD 40.500
Karlou BV 7.750 6/18/2024 USD 14.000
Medtronic Global Hol 1.500 7/2/2039 EUR 72.544
ALROSA Finance SA 4.650 4/9/2024 USD 11.281
TP ICAP Finance PLC 2.625 11/18/2028 GBP 72.934
Engie SA 1.375 6/21/2039 EUR 68.521
VTR Finance NV 6.375 7/15/2028 USD 43.912
Engie SA 1.875 EUR 72.457
ABN AMRO Bank NV 1.000 6/2/2033 EUR 74.683
Mobile Telesystems O 5.000 5/30/2023 USD 27.649
Bank Gospodarstwa Kr 1.750 3/12/2028 PLN 74.622
Mallinckrodt Interna 10.000 4/15/2025 USD 68.226
Barclays PLC 3.382 5/20/2032 AUD 72.353
VEON Holdings BV 3.375 11/25/2027 USD 72.500
Russian Foreign Bond 2.650 5/27/2036 EUR 40.000
Vienna Insurance Gro 1.000 3/26/2036 EUR 67.514
Orange SA 1.375 9/4/2049 EUR 73.284
Societe Generale SA 4.027 1/21/2043 USD 66.370
Canton of Zurich 0.100 6/23/2045 CHF 71.103
Hungary Government B 2.250 6/22/2034 HUF 57.903
Enel Finance Interna 1.250 1/17/2035 EUR 73.598
Home Credit & Financ 8.800 USD 8.286
Banque Federative du 0.957 EUR 74.767
JT International Fin 3.300 9/14/2051 USD 56.894
Medtronic Global Hol 1.750 7/2/2049 EUR 70.033
Amprion GmbH 0.625 9/23/2033 EUR 73.227
UBS Group AG 3.179 2/11/2043 USD 67.041
Traton Finance Luxem 1.250 3/24/2033 EUR 72.479
Agence Francaise de 0.500 5/31/2035 EUR 73.435
Groupe Bruxelles Lam 0.125 1/28/2031 EUR 74.976
Nexity SA 0.875 4/19/2028 EUR 42.743
Intesa Sanpaolo SpA 4.700 9/23/2049 USD 71.325
Credit Suisse Group 3.091 5/14/2032 USD 70.320
Orsted AS 2.500 2/18/3021 GBP 66.311
BAT International Fi 4.000 11/23/2055 GBP 63.493
Hera SpA 1.000 4/25/2034 EUR 72.687
BNP Paribas SA 4.245 USD 68.145
Suek Securities DAC 3.375 9/15/2026 USD 33.949
Eni SpA 1.000 10/11/2034 EUR 73.291
Russian Federal Bond 6.100 7/18/2035 RUB 73.658
Sberbank of Russia V 5.250 5/23/2023 USD 6.524
Credit Bank of Mosco 3.875 9/21/2026 USD 20.746
Credit Suisse Group 2.125 11/15/2029 GBP 72.956
WPC Eurobond BV 0.950 6/1/2030 EUR 74.435
Russian Agricultural 8.500 10/16/2023 USD 13.414
MMK International Ca 4.375 6/13/2024 USD 29.904
Ukraine Government B 11.670 11/22/2023 UAH 59.375
Andrade Gutierrez In 9.500 12/30/2024 USD 54.543
Republic of Poland G 4.000 4/25/2047 PLN 65.048
BMW Finance NV 0.200 1/11/2033 EUR 74.581
Alfa Bank AO Via Alf 5.950 4/15/2030 USD 4.503
RWE AG 1.000 11/26/2033 EUR 74.363
Klepierre SA 0.625 7/1/2030 EUR 73.838
Aroundtown SA 3.000 10/16/2029 GBP 74.992
Eurochem Finance DAC 5.500 3/13/2024 USD 50.109
UBS Group AG 0.625 2/24/2033 EUR 73.212
Bank Gospodarstwa Kr 0.500 7/8/2031 EUR 69.605
Vonovia Finance BV 1.625 10/7/2039 EUR 64.022
Investor AB 0.375 10/29/2035 EUR 69.813
Credit Suisse Group 6.375 USD 74.000
Sovcombank Via SovCo 7.600 USD 4.609
GTLK Europe Capital 5.950 4/17/2025 USD 26.787
CBRE Global Investor 0.900 10/12/2029 EUR 74.528
Cellnex Finance Co S 3.875 7/7/2041 USD 68.335
Orpea SA 2.000 8/9/2029 EUR 23.396
JAB Holdings BV 2.250 12/19/2039 EUR 70.348
Ilija Batljan Invest 8.350 SEK 47.735
Electricite de Franc 2.000 12/9/2049 EUR 65.131
GTLK Europe Capital 4.800 2/26/2028 USD 22.781
NIBC Bank NV 2.850 2/21/2040 EUR 72.152
Kenbourne Invest SA 4.700 1/22/2028 USD 70.907
Motability Operation 2.125 1/18/2042 GBP 71.324
Scandinavian Airline 0.625 CHF 12.650
Credit Suisse Group 7.250 USD 75.000
Senvion Holding GmbH 3.875 10/25/2022 EUR 0.310
Offshore Drilling Ho 8.375 9/20/2020 USD 3.876
Cie Generale des Eta 0.625 11/2/2040 EUR 63.257
Digital Intrepid Hol 0.625 7/15/2031 EUR 70.761
Jyske Realkredit A/S 1.000 10/1/2050 DKK 71.365
Direct Line Insuranc 4.750 GBP 71.627
Credit Bank of Mosco 4.700 1/29/2025 USD 19.142
Snam SpA 1.000 9/12/2034 EUR 71.411
GTLK Europe Capital 4.650 3/10/2027 USD 21.998
Thomas Cook Group PL 6.250 6/15/2022 EUR 0.188
PB International BV 7.625 12/31/2025 USD 44.698
Standard Chartered P 5.925 USD 76.750
Snam SpA 1.250 6/20/2034 EUR 74.006
ICADE 0.625 1/18/2031 EUR 68.819
Finland Government B 0.250 9/15/2040 EUR 66.508
BNP Paribas SA 2.824 1/26/2041 USD 62.144
HSBC Bank PLC 2.977 USD 67.394
Digital Dutch Finco 1.000 1/15/2032 EUR 72.727
GlaxoSmithKline Capi 1.625 5/12/2035 GBP 74.499
Lithuania Government 0.500 7/28/2050 EUR 46.278
Mithra Pharmaceutica 4.250 12/17/2025 EUR 65.430
BP Capital Markets B 0.933 12/4/2040 EUR 66.065
DH Europe Finance II 1.800 9/18/2049 EUR 72.896
National Grid Electr 0.872 11/26/2040 EUR 61.689
Rusal Capital DAC 4.850 2/1/2023 USD 43.189
Deutsche Telekom AG 3.625 1/21/2050 USD 73.936
State of North Rhine 0.500 1/15/2052 EUR 57.141
BPCE SA 2.277 1/20/2032 USD 74.971
Kreditanstalt fuer W 0.050 9/29/2034 EUR 73.957
Unibail-Rodamco-West 2.250 5/14/2038 EUR 74.379
Bank Gospodarstwa Kr 2.250 7/21/2033 PLN 61.167
Metropolitano de Ten 1.229 7/30/2036 EUR 73.651
Utmost Group PLC 4.000 12/15/2031 GBP 72.540
Ukraine Government B 9.790 5/26/2027 UAH 55.201
Genfit 3.500 10/16/2025 EUR 24.882
Enel Finance Interna 2.875 7/12/2041 USD 62.279
Global Fashion Group 1.250 3/15/2028 EUR 73.545
Allied Irish Banks P 12.500 6/25/2035 GBP 55.141
Ulker Biskuvi Sanayi 6.950 10/30/2025 USD 73.157
Segro Capital Sarl 0.500 9/22/2031 EUR 71.649
Debenhams PLC 5.250 7/15/2021 GBP 0.440
Finland Government B 0.500 4/15/2043 EUR 67.494
UBS Group AG 3.179 2/11/2043 USD 67.475
Wirtschafts- und Inf 0.031 1/22/2036 EUR 66.544
Proximus SADP 0.750 11/17/2036 EUR 71.082
LEG Immobilien SE 0.750 6/30/2031 EUR 71.580
AstraZeneca PLC 2.125 8/6/2050 USD 61.255
Nykredit Realkredit 0.500 10/1/2053 DKK 69.245
Lithuania Government 0.300 2/12/2032 EUR 69.152
Ireland Government B 0.550 4/22/2041 EUR 68.565
Sibur Securities DAC 2.950 7/8/2025 USD 42.843
PJSC Koks via IMH Ca 5.900 9/23/2025 USD 7.242
Peabody Capital No 2 3.250 9/14/2048 GBP 74.032
NET4GAS sro 3.500 7/28/2026 EUR 68.676
Standard Chartered P 3.265 2/18/2036 USD 73.023
Havila Shipping ASA 7.410 1/2/2025 NOK 40.000
Euroboden GmbH 5.500 11/18/2025 EUR 70.454
BPCE SA 3.116 10/19/2032 USD 72.350
Severn Trent Utiliti 2.000 6/2/2040 GBP 66.780
Econocom Group SA/NV 0.500 3/6/2023 EUR 7.921
Saderea DAC 12.500 11/30/2026 USD 64.359
Officine Maccaferri- 5.750 6/1/2021 EUR 17.672
Thomas Cook Finance 3.875 7/15/2023 EUR 1.474
Barclays PLC 3.330 11/24/2042 USD 69.273
Air Berlin PLC 8.250 4/19/2018 EUR 0.226
Unibail-Rodamco-West 1.375 5/25/2033 EUR 73.049
UNEDIC ASSEO 0.500 5/25/2036 EUR 72.379
Travelex Financing P 8.000 5/15/2022 EUR 0.271
Societe Generale SA 3.625 3/1/2041 USD 63.901
Gol Finance SA 8.000 6/30/2026 USD 58.205
Unibail-Rodamco-West 0.875 3/29/2032 EUR 71.161
Bayer AG 1.000 1/12/2036 EUR 70.560
TotalEnergies Capita 3.127 5/29/2050 USD 72.356
Shell International 0.875 11/8/2039 EUR 66.683
Icade Sante SACA 0.875 11/4/2029 EUR 74.569
Lithuania Government 0.750 7/15/2051 EUR 49.919
GTLK Europe Capital 4.949 2/18/2026 USD 26.012
Altice France Holdin 6.000 2/15/2028 USD 65.376
OMV AG 1.000 7/3/2034 EUR 74.870
Motability Operation 1.500 1/20/2041 GBP 64.823
Movida Europe SA 5.250 2/8/2031 USD 73.046
Czech Gas Networks I 0.875 3/31/2031 EUR 66.886
La Poste SA 0.625 1/18/2036 EUR 68.974
GTLK Europe Capital 4.349 2/27/2029 USD 20.543
Smurfit Kappa Treasu 1.000 9/22/2033 EUR 72.168
Credit Bank of Mosco 7.500 10/5/2027 USD 18.000
Market Parent Finco 6.750 10/1/2029 GBP 61.972
AstraZeneca PLC 3.000 5/28/2051 USD 73.302
Orpea SA 3.144 12/22/2025 EUR 57.468
Offentliga Hus I Nor 8.521 SEK 63.658
University College L 1.625 6/4/2061 GBP 59.072
Ozon Holdings PLC 1.875 2/24/2026 USD 59.593
Nordiska Kreditmarkn 10.669 SEK 73.926
GTLK Europe DAC 5.125 5/31/2024 USD 30.898
Idavang A/S 9.052 11/11/2025 EUR 62.295
Vnesheconombank Via 6.025 7/5/2022 USD 5.125
Engie SA 1.250 10/24/2041 EUR 63.175
LEG Immobilien SE 1.000 11/19/2032 EUR 67.785
TMK OAO Via TMK Capi 4.300 2/12/2027 USD 16.286
Sovcombank Via SovCo 8.000 4/7/2030 USD 3.506
Lloyds Banking Group 4.344 1/9/2048 USD 73.034
TenneT Holding BV 0.500 11/30/2040 EUR 60.190
Republic of Croatia 1.000 11/27/2034 HRK 70.380
Hellenic Bank PCL 10.000 EUR 54.997
Places For People Tr 2.500 1/26/2036 GBP 73.030
Tullow Oil PLC 7.000 3/1/2025 USD 70.399
Derwent London PLC 1.875 11/17/2031 GBP 72.864
Orange SA 0.625 12/16/2033 EUR 74.676
Sanctuary Capital PL 2.375 4/14/2050 GBP 62.741
Saxa Gres Spa 7.000 8/4/2026 EUR 35.754
Realkredit Danmark A 1.000 10/1/2050 DKK 71.295
SCF Capital Designat 5.375 6/16/2023 USD 20.000
Enel Finance Interna 2.250 7/12/2031 USD 74.262
BAE Systems PLC 3.000 9/15/2050 USD 67.131
Orpea SA 3.000 11/25/2041 EUR 14.843
Intelsat Jackson Hol 5.500 8/1/2023 USD 0.486
Siemens Financiering 2.875 3/11/2041 USD 74.617
Annington Funding PL 2.924 10/6/2051 GBP 62.972
Deutsche Bahn Financ 0.875 6/23/2039 EUR 69.920
Intu Debenture PLC 5.562 12/31/2027 GBP 43.382
CNP Assurances 1.875 10/12/2053 EUR 73.377
Unibail-Rodamco-West 1.750 2/27/2034 EUR 74.656
CPI Property Group S 2.750 1/22/2028 GBP 69.447
Perrigo Co PLC 5.300 11/15/2043 USD 74.000
Ageas SA/NV 1.875 11/24/2051 EUR 73.282
Klepierre SA 1.625 12/13/2032 EUR 74.358
Samhallsbyggnadsbola 3.527 1/30/2027 SEK 73.619
Koninklijke Luchtvaa 0.750 CHF 17.800
Novolipetsk Steel Vi 4.000 9/21/2024 USD 60.481
DNB Bank ASA 3.716 USD 66.682
Nykredit Realkredit 0.500 10/1/2050 DKK 71.108
Eurotorg LLC Via Bon 9.000 10/22/2025 USD 54.897
Thames Water Utiliti 2.375 4/22/2040 GBP 65.602
Stichting Afwikkelin 11.250 EUR 45.000
Gazprom PJSC Via Gaz 7.288 8/16/2037 USD 73.000
Andrade Gutierrez In 11.000 8/20/2021 USD 51.735
SKF AB 0.250 2/15/2031 EUR 74.224
Talanx AG 1.750 12/1/2042 EUR 74.901
Rallye SA 3.250 2/28/2032 CHF 8.560
BNG Bank NV 0.805 6/28/2049 EUR 62.486
European Financial S 0.700 1/17/2053 EUR 59.160
Sovereign Housing Ca 2.375 11/4/2048 GBP 65.672
BNP Paribas SA 2.588 8/12/2035 USD 73.380
PIK Securities DAC 5.625 11/19/2026 USD 32.400
Euronext NV 1.500 5/17/2041 EUR 65.227
TenneT Holding BV 0.125 11/30/2032 EUR 71.070
Klepierre SA 1.250 9/29/2031 EUR 74.599
Guinness Partnership 2.000 4/22/2055 GBP 56.177
EWE AG 0.375 10/22/2032 EUR 69.801
Simon International 1.125 3/19/2033 EUR 74.357
Hyde Housing Associa 1.750 8/18/2055 GBP 53.093
Enel Finance Interna 1.125 10/17/2034 EUR 74.294
Clarion Funding PLC 3.125 4/19/2048 GBP 72.195
Wellcome Trust Ltd/T 2.517 2/7/2118 GBP 66.104
Allianz SE 3.200 USD 68.250
Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 26.269
Carmila SA 1.625 4/1/2029 EUR 70.492
Standard Chartered P 4.750 USD 67.693
Tritax Big Box REIT 1.500 11/27/2033 GBP 68.268
Aroundtown SA 2.912 9/20/2030 EUR 70.641
BPCE SA 3.648 1/14/2037 USD 74.398
NIBC Bank NV 1.315 EUR 72.490
Nordea Kredit Realkr 1.000 10/1/2050 DKK 71.405
Ukraine Government I 8.994 2/1/2026 USD 23.375
BNP Paribas SA 2.000 9/13/2036 GBP 67.526
Deutsche Wohnen SE 0.500 4/7/2031 EUR 69.656
Orpea SA 2.300 3/6/2025 EUR 25.743
Sibur Securities DAC 4.125 10/5/2023 USD 59.728
Republic of Poland G 2.000 10/25/2046 EUR 69.505
A2A SpA 0.625 7/15/2031 EUR 72.163
Hera SpA 0.250 12/3/2030 EUR 74.803
Euroboden GmbH 5.500 10/1/2024 EUR 69.956
Norddeutsche Landesb 8.916 EUR 68.031
B2W Digital Lux Sarl 4.375 12/20/2030 USD 61.831
Credit Agricole SA 2.811 1/11/2041 USD 62.253
BNP Paribas SA 1.250 7/13/2031 GBP 72.168
Ukraine Government I 7.750 9/1/2026 USD 23.358
Russian Foreign Bond 1.125 11/20/2027 EUR 38.638
Rallye SA 4.000 2/28/2032 CHF 9.598
Ile-de-France Mobili 1.275 2/14/2042 EUR 73.513
UniCredit Bank Austr 0.050 9/21/2035 EUR 69.500
EXOR NV 1.750 10/14/2034 EUR 74.428
National Grid Electr 2.000 4/17/2040 GBP 64.279
BNP Paribas SA 2.588 8/12/2035 USD 72.763
Intelsat Jackson Hol 9.750 7/15/2025 USD 0.486
Medtronic Global Hol 1.625 10/15/2050 EUR 67.346
Deutsche Bahn Financ 0.625 4/15/2036 EUR 71.389
Finland Government B 0.125 4/15/2036 EUR 71.951
Realkredit Danmark A 1.000 10/1/2053 DKK 70.084
Nestle Finance Inter 0.375 12/3/2040 EUR 63.717
Argenta Spaarbank NV 0.500 10/8/2041 EUR 65.206
Blend Funding PLC 2.922 4/5/2054 GBP 69.309
Sigma Holdco BV 7.875 5/15/2026 USD 71.579
DNB Bank ASA 3.320 USD 66.905
Intelsat Jackson Hol 8.500 10/15/2024 USD 0.486
Avianca Midco 2 PLC 9.000 12/1/2028 USD 74.477
Holcim Finance Luxem 0.625 1/19/2033 EUR 70.702
Bulgaria Government 0.250 5/24/2029 BGN 71.885
Standard Chartered P 3.603 1/12/2033 USD 74.330
Societe Generale SA 4.027 1/21/2043 USD 66.126
Holcim Finance Luxem 1.375 10/8/2036 EUR 60.477
Terragon AG 6.500 5/24/2024 EUR 5.000
CM.com NV 2.000 9/9/2026 EUR 67.649
Cooperatieve Raboban 0.625 2/25/2033 EUR 72.813
State of North Rhine 0.200 1/27/2051 EUR 52.171
Schlote Holding GmbH 6.750 11/21/2024 EUR 67.257
Accent Capital PLC 2.625 7/18/2049 GBP 68.344
Novolipetsk Steel Vi 4.500 6/15/2023 USD 61.652
Slovenia Government 1.175 2/13/2062 EUR 56.248
TenneT Holding BV 0.875 6/16/2035 EUR 73.472
Sovcombank Via SovCo 3.400 1/26/2025 USD 4.879
Gol Finance SA 7.000 1/31/2025 USD 39.512
Gazprom PJSC via Gaz 4.599 USD 52.000
Hungary Government I 2.125 9/22/2031 USD 74.833
K2A Knaust & Anderss 7.712 SEK 72.206
Landesbank Baden-Wue 0.375 2/21/2031 EUR 73.619
Credit Agricole Ital 0.125 3/15/2033 EUR 72.150
Claranova SE 5.000 7/1/2023 EUR 1.050
Marston's Issuer PLC 5.410 7/16/2035 GBP 74.824
A2A SpA 1.000 11/2/2033 EUR 68.614
Sovcombank Via SovCo 7.750 USD 3.468
Gazprom PJSC Via Gaz 4.950 2/6/2028 USD 70.000
Samhallsbyggnadsbola 7.000 7/24/2023 SEK 63.322
de Volksbank NV 0.375 9/16/2041 EUR 63.084
Hacienda Investments 5.350 2/8/2028 USD 42.000
Ziton A/S 10.060 10/3/2024 EUR 70.402
Aroundtown SA 3.625 4/10/2031 GBP 74.266
JAB Holdings BV 3.750 5/28/2051 USD 57.328
Immigon Portfolioabb 6.569 EUR 9.985
Greene King Finance 4.602 3/15/2036 GBP 74.923
Portugal Obrigacoes 1.150 4/11/2042 EUR 71.568
Korian SA 3.350 6/29/2028 EUR 74.008
Societa di Progetto 3.375 12/31/2038 EUR 72.097
Credit Bank of Mosco 7.625 USD 15.433
Deutsche Wohnen SE 1.300 4/7/2041 EUR 54.449
Saleza AS 9.000 7/12/2021 EUR 0.203
State of North Rhine 1.375 1/15/2120 EUR 57.985
Scottish Hydro Elect 2.250 9/27/2035 GBP 74.009
ABN AMRO Bank NV 3.324 3/13/2037 USD 72.145
InterCement Financia 5.750 7/17/2024 USD 68.270
Orange SA 0.750 6/29/2034 EUR 74.444
ABN AMRO Bank NV 0.400 9/17/2041 EUR 64.482
BPCE SA 2.277 1/20/2032 USD 74.692
Cooperatieve Raboban 1.000 1/19/2034 EUR 74.084
Chancellor Masters & 0.250 6/27/2068 GBP 66.962
Societe Du Grand Par 0.700 10/15/2060 EUR 45.305
SCF Capital Designat 3.850 4/26/2028 USD 19.428
GN Store Nord AS 1.970 3/3/2036 EUR 48.785
Nederlandse Watersch 0.125 9/3/2035 EUR 71.664
A2A SpA 0.625 10/28/2032 EUR 69.591
Cooperatieve Raboban 0.500 7/30/2043 MXN 12.489
Shell International 2.875 11/26/2041 USD 74.927
Bulgaria Government 0.100 8/17/2031 BGN 59.926
BNP Paribas SA 2.824 1/26/2041 USD 61.739
Wales & West Utiliti 1.875 5/28/2041 GBP 64.292
Ukraine Government B 10.000 8/23/2023 UAH 59.375
Molnlycke Holding AB 0.625 1/15/2031 EUR 73.734
Ukraine Government I 7.750 9/1/2025 USD 25.127
NAK Naftogaz Ukraine 7.625 11/8/2026 USD 18.061
Orpea SA 2.770 12/18/2028 EUR 12.523
Chelyabinsk Pipe Pla 4.500 9/19/2024 USD 16.665
Ukraine Government B 9.990 5/22/2024 UAH 51.591
Cimpress PLC 7.000 6/15/2026 USD 66.785
Realkredit Danmark A 1.000 10/1/2053 DKK 74.678
Polyus Finance PLC 5.250 2/7/2023 USD 48.191
Zurich Finance Irela 1.625 6/17/2039 EUR 73.172
Pierre Et Vacances S 2.000 4/1/2023 EUR 26.479
National Grid Electr 2.000 9/16/2038 GBP 65.947
O1 Properties Financ 0.500 9/27/2028 USD 5.227
Jyske Realkredit A/S 1.000 10/1/2053 DKK 74.789
CK Hutchison Group T 2.625 10/17/2034 GBP 70.452
Becton Dickinson Eur 1.213 2/12/2036 EUR 73.714
Vedanta Resources Fi 8.950 3/11/2025 USD 67.046
Nationwide Building 0.500 5/5/2041 EUR 66.152
National Grid PLC 0.750 9/1/2033 EUR 72.463
Medtronic Global Hol 1.375 10/15/2040 EUR 69.567
Assura Financing PLC 1.625 6/30/2033 GBP 69.478
NPC Ukrenergo 6.875 11/9/2028 USD 18.486
Investor AB 1.500 6/20/2039 EUR 74.742
Polski Koncern Nafto 2.875 3/25/2031 PLN 72.486
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 64.532
ABN AMRO Bank NV 0.625 1/24/2037 EUR 73.728
DSV Finance BV 0.750 7/5/2033 EUR 72.610
Anchor Hanover Group 2.000 7/21/2051 GBP 58.029
Royalty Pharma PLC 3.350 9/2/2051 USD 65.362
Jababeka Internation 6.500 10/5/2023 USD 54.609
AI Candelaria Spain 5.750 6/15/2033 USD 73.064
Land Securities Capi 2.750 9/22/2059 GBP 69.856
Northern Powergrid N 1.875 6/16/2062 GBP 57.932
Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 25.383
Kernel Holding SA 6.500 10/17/2024 USD 44.276
Regiao Autonoma Made 1.141 12/4/2034 EUR 74.336
Platform HG Financin 1.625 8/10/2055 GBP 51.583
Gazprom PJSC Via Gaz 4.950 3/23/2027 USD 52.000
Credit Bank of Mosco 5.550 2/14/2023 USD 21.202
Jyske Realkredit A/S 1.500 10/1/2053 DKK 74.629
SCOR SE 1.375 9/17/2051 EUR 71.906
Royalty Pharma PLC 3.300 9/2/2040 USD 72.096
UNEDIC ASSEO 0.250 7/16/2035 EUR 71.703
Prologis Internation 0.750 3/23/2033 EUR 70.136
Prosus NV 4.027 8/3/2050 USD 61.405
Nordea Kredit Realkr 1.000 10/1/2053 DKK 74.763
United Utilities Wat 1.875 6/3/2042 GBP 65.433
Gecina SA 0.875 1/25/2033 EUR 74.733
Nordea Kredit Realkr 1.500 10/1/2053 DKK 74.664
Dexia Credit Local S 3.533 EUR 2.048
Rusal Capital DAC 5.300 5/3/2023 USD 40.465
Societe Nationale SN 1.000 5/25/2040 EUR 69.698
Social Chain AG /The 5.750 4/7/2024 EUR 68.000
Northern Powergrid Y 2.250 10/9/2059 GBP 63.592
Simpar Europe SA 5.200 1/26/2031 USD 72.999
Bulgaria Government 1.500 6/21/2039 BGN 53.980
Banco Espirito Santo 7.125 11/28/2023 EUR 0.110
LEG Immobilien SE 1.500 1/17/2034 EUR 69.008
Societe Du Grand Par 1.000 2/18/2070 EUR 47.934
Cadent Finance PLC 2.750 9/22/2046 GBP 66.330
ABH Financial Ltd Vi 2.700 6/11/2023 EUR 6.987
Mondelez Internation 1.250 9/9/2041 EUR 66.906
Ukraine Government I 7.253 3/15/2035 USD 21.750
Lendlease Europe Fin 3.500 12/2/2033 GBP 67.026
RTE Reseau de Transp 1.125 7/8/2040 EUR 68.042
Rickmers Holding AG 8.875 6/11/2018 EUR 1.345
Enel Finance Interna 2.875 7/12/2041 USD 61.940
Gecina SA 0.875 6/30/2036 EUR 67.185
Hylea Group SA 7.250 12/1/2022 EUR 0.400
Royal Schiphol Group 0.750 4/22/2033 EUR 74.092
Hellenic Republic Go 2.085 7/25/2057 EUR 32.556
SABIC Capital I BV 3.000 9/14/2050 USD 72.392
Credit Suisse Group 4.500 USD 57.625
Credit Agricole SA 2.811 1/11/2041 USD 61.619
Alfa Bank AO Via Alf 6.950 USD 4.438
Ukraine Government B 16.000 5/24/2023 UAH 59.375
European Financial S 0.700 1/20/2050 EUR 61.570
Rallye SA 5.250 2/28/2032 EUR 7.856
Uralkali OJSC Via Ur 4.000 10/22/2024 USD 19.327
NatWest Markets NV 7.125 10/15/2093 USD 74.104
Clarion Funding PLC 1.875 9/7/2051 GBP 52.950
Vier Gas Transport G 0.500 9/10/2034 EUR 66.961
Prosus NV 3.832 2/8/2051 USD 60.635
EA Partners II BV 6.750 6/1/2021 USD 0.866
Tresu Investment Hol 6.228 1/2/2025 EUR 48.500
STERIS Irish FinCo U 3.750 3/15/2051 USD 72.252
Bulgaria Government 0.500 12/21/2029 BGN 70.879
Chancellor Masters & 2.350 6/27/2078 GBP 68.163
OGX Austria GmbH 8.375 4/1/2022 USD 0.002
BNP Paribas SA 4.500 USD 69.000
RTE Reseau de Transp 0.750 1/12/2034 EUR 74.667
Metalloinvest Financ 3.375 10/22/2028 USD 53.731
CCEP Finance Ireland 1.500 5/6/2041 EUR 71.674
Banco Espirito Santo 6.875 7/15/2016 EUR 18.250
Credit Bank of Mosco 7.121 6/25/2024 USD 22.717
City of Lausanne Swi 0.050 9/28/2054 CHF 55.015
Nordea Kredit Realkr 1.000 10/1/2053 DKK 70.139
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 64.000
Engie SA 1.000 10/26/2036 EUR 69.455
WPP Finance 2013 2.875 9/14/2046 GBP 64.093
Kreditanstalt fuer W 0.375 5/20/2036 EUR 73.990
Air Berlin PLC 6.750 5/9/2019 EUR 0.304
Republic of Belarus 5.875 2/24/2026 USD 33.000
Latvia Government In 1.375 5/16/2036 EUR 74.010
Alfa Bank AO Via Alf 5.900 USD 4.396
Orbit Capital PLC 2.000 11/24/2038 GBP 66.572
Ministeries Van de V 0.125 10/15/2035 EUR 69.711
Croatia Government B 1.250 3/3/2040 EUR 63.143
Lukoil Capital DAC 3.600 10/26/2031 USD 70.000
Ukraine Government I 11.670 11/22/2023 UAH 59.375
Cooperatieve Raboban 0.750 6/21/2039 EUR 71.848
FF Group Finance Lux 1.750 7/3/2019 EUR 4.333
Ukraine Government I 7.750 9/1/2027 USD 23.322
Cadent Finance PLC 2.625 9/22/2038 GBP 71.279
Canton of Geneva Swi 0.500 10/31/2056 CHF 70.865
Ukraine Government B 10.950 11/1/2023 UAH 65.343
Gazprom PJSC via Gaz 1.500 2/17/2027 EUR 66.185
East Slope Residenci 0.100 2/28/2062 GBP 72.256
DLR Kredit A/S 1.500 10/1/2053 DKK 74.711
PREOS Global Office 7.500 12/9/2024 EUR 48.500
DNB Bank ASA 3.691 USD 66.663
Intesa Sanpaolo SpA 2.700 3/29/2031 USD 73.738
UniCredit Bank AG 0.010 1/21/2036 EUR 69.117
United Utilities Wat 1.750 2/10/2038 GBP 69.020
Realkredit Danmark A 1.500 10/1/2053 DKK 74.604
EYEMAXX Real Estate 5.500 4/26/2023 EUR 1.613
UBS Group AG 4.375 USD 73.259
Realkredit Danmark A 1.000 10/1/2053 DKK 64.387
Polyus Finance PLC 4.700 1/29/2024 USD 47.725
Fuerstenberg Capital 2.522 EUR 66.823
Caisse Francaise de 0.625 1/20/2042 EUR 66.941
Banco Espirito Santo 4.572 EUR 2.054
Telefonica Emisiones 1.864 7/13/2040 EUR 73.775
Unibail-Rodamco-West 2.000 5/29/2037 EUR 74.327
Slovakia Government 1.000 10/13/2051 EUR 56.795
Republic of Belarus 6.875 2/28/2023 USD 37.786
DWR Cymru Financing 1.375 3/31/2033 GBP 74.107
Aeroports de Paris 1.125 6/18/2034 EUR 73.688
Bayerische Landesban 1.850 3/5/2031 EUR 73.517
JSM Global Sarl 4.750 10/20/2030 USD 64.070
Republic of Poland G 1.750 4/25/2032 PLN 65.260
Mallinckrodt Interna 10.000 6/15/2029 USD 55.500
Prosus NV 3.061 7/13/2031 USD 73.999
NorteGas Energia Dis 0.905 1/22/2031 EUR 74.562
Gazprom PJSC Via Gaz 8.625 4/28/2034 USD 69.900
M2 Asset Management 6.246 2/4/2026 SEK 74.300
Metinvest BV 7.750 10/17/2029 USD 52.500
Volkswagen Internati 1.500 1/21/2041 EUR 65.600
Alno AG 8.500 5/14/2018 EUR 13.662
Societe Nationale SN 1.000 1/19/2061 EUR 48.914
Espirito Santo Finan 9.750 12/19/2025 EUR 0.622
Suek Securities DAC 3.375 9/15/2026 USD 34.000
Petrobras Global Fin 4.750 4/2/2038 EUR 57.380
Kuntarahoitus Oyj 0.050 9/10/2035 EUR 71.422
EA Partners I BV 6.875 9/28/2020 USD 0.494
Anglo American Capit 3.950 9/10/2050 USD 74.726
Flagship Finance PLC 1.875 7/14/2061 GBP 54.553
Notting Hill Genesis 2.000 6/3/2036 GBP 69.946
EIG Pearl Holdings S 4.387 11/30/2046 USD 73.855
DLR Kredit A/S 1.000 10/1/2050 DKK 72.064
Air Liquide Finance 0.375 9/20/2033 EUR 74.925
Wendel SE 1.375 1/18/2034 EUR 70.037
Intesa Sanpaolo SpA 4.375 1/12/2048 USD 61.149
M Objekt Real Estate 6.000 7/22/2024 EUR 48.758
Stichting Afwikkelin 6.250 10/26/2020 EUR 45.341
Gazprom PJSC Via Gaz 5.150 2/11/2026 USD 73.040
Catalyst Housing Ltd 3.125 10/31/2047 GBP 72.773
Barclays Bank PLC 12.000 9/24/2025 TRY 57.993
Credit Suisse Group 5.100 USD 63.020
UkrLandFarming PLC 10.875 3/26/2018 USD 1.442
Hungary Government I 3.125 9/21/2051 USD 60.011
State of Schleswig-H 0.200 8/15/2039 EUR 66.260
Vnesheconombank Via 6.800 11/22/2025 USD 5.688
Development Bank of 6.750 5/2/2024 USD 23.440
Cyprus Government In 2.250 4/16/2050 EUR 71.690
Canton of Ticino 0.400 6/27/2044 CHF 74.893
Clarion Funding PLC 1.875 1/22/2035 GBP 71.247
London & Quadrant Ho 2.750 7/20/2057 GBP 63.942
Hampshire Trust Bank 7.250 5/10/2028 GBP 59.374
Russian Foreign Bond 5.625 4/4/2042 USD 56.908
Gazprom PJSC via Gaz 3.897 EUR 37.061
Celtic Resources Hol 4.125 10/9/2024 USD 13.417
Communaute Francaise 0.625 6/11/2035 EUR 74.636
Diebold Nixdorf Dutc 9.000 7/15/2025 EUR 68.359
Phosagro OAO Via Pho 2.600 9/16/2028 USD 63.000
Constellation Automo 4.875 7/15/2027 GBP 65.575
Ukraine Government B 9.840 2/15/2023 UAH 59.375
Espirito Santo Finan 6.875 10/21/2019 EUR 0.001
MHP SE 7.750 5/10/2024 USD 52.677
Enagas Financiacione 0.375 11/5/2032 EUR 74.341
Landesbank Hessen-Th 0.500 1/19/2037 EUR 73.285
SNCF Reseau 0.750 5/25/2036 EUR 74.714
Kernel Holding SA 6.750 10/27/2027 USD 33.627
Fastighets AB Balder 1.293 3/3/2031 EUR 55.223
Electricite de Franc 1.875 10/13/2036 EUR 74.882
London & Quadrant Ho 3.125 2/28/2053 GBP 69.855
Saltaire Finance PLC 1.527 11/23/2051 GBP 58.232
MHP Lux SA 6.950 4/3/2026 USD 48.646
Nederlandse Watersch 0.500 4/26/2051 EUR 58.175
Land Berlin 0.100 1/18/2041 EUR 62.382
Aggregate Holdings S 5.500 5/17/2024 EUR 38.366
Russian Foreign Bond 5.875 9/16/2043 USD 56.944
Lithuania Government 1.625 6/19/2049 EUR 65.898
Nordea Kredit Realkr 0.500 10/1/2050 DKK 71.221
Deutsche Lichtmiete 5.750 1/1/2023 EUR 5.500
Ukraine Government B 15.970 4/19/2023 UAH 60.775
La Poste SA 1.000 9/17/2034 EUR 74.730
Russian Foreign Bond 4.875 9/16/2023 USD 71.094
Sberbank of Russia V 5.125 10/29/2022 USD 6.500
Intesa Sanpaolo SpA 2.625 3/11/2036 GBP 65.402
DSV Finance BV 0.875 9/17/2036 EUR 67.008
Evraz PLC 5.250 4/2/2024 USD 52.000
State of North Rhine 0.600 6/4/2041 EUR 68.977
Nykredit Realkredit 1.000 10/1/2053 DKK 64.500
Mitsubishi UFJ Inves 5.628 12/30/2099 EUR 5.142
Republic of Ireland 1.425 9/18/2119 EUR 64.842
LEG Immobilien SE 0.875 3/30/2033 EUR 65.759
United Kingdom Gilt 1.250 7/31/2051 GBP 61.708
Prologis Internation 3.000 2/22/2042 GBP 74.266
Societe Du Grand Par 1.000 11/26/2051 EUR 59.119
Deutsche Lichtmiete 5.750 12/1/2023 EUR 2.467
Erste Group Bank AG 0.500 1/12/2037 EUR 71.446
Trinseo Materials Op 5.125 4/1/2029 USD 63.475
Holcim Sterling Fina 2.250 4/4/2034 GBP 71.128
National Grid Gas PL 1.375 2/7/2031 GBP 74.986
Manchester Airport G 2.875 9/30/2044 GBP 67.508
Enexis Holding NV 0.375 4/14/2033 EUR 73.814
Annington Funding PL 2.308 10/6/2032 GBP 74.846
Shell International 3.125 11/7/2049 USD 73.278
Ukraine Government I 7.750 9/1/2024 USD 26.690
LEG Immobilien SE 1.625 11/28/2034 EUR 68.583
Southern Gas Network 1.250 12/2/2031 GBP 73.763
New World Resources 8.000 4/7/2020 EUR 0.103
Clarion Funding PLC 1.250 11/13/2032 GBP 71.726
Aster Treasury Plc 1.405 1/27/2036 GBP 67.773
FF Group Finance Lux 3.250 11/2/2021 CHF 5.368
Lehman Brothers UK C 3.875 EUR 13.474
UK Municipal Bonds A 1.625 8/26/2060 GBP 53.030
Wendel SE 1.000 6/1/2031 EUR 74.739
Muenchener Hypotheke 0.010 10/19/2039 EUR 62.336
Land Berlin 0.350 9/9/2050 EUR 56.129
Italgas SpA 0.500 2/16/2033 EUR 70.458
Cie de Financement F 0.010 10/29/2035 EUR 68.616
Paragon Treasury Plc 2.000 5/7/2036 GBP 71.677
Land Thueringen 0.125 1/13/2051 EUR 51.666
Accentro Real Estate 4.125 3/23/2026 EUR 50.001
Severn Trent Utiliti 0.010 12/16/2055 GBP 58.238
Avangardco Investmen 10.000 10/29/2018 USD 0.348
Vedanta Resources Fi 9.250 4/23/2026 USD 61.198
Free State of Bavari 0.010 1/18/2035 EUR 72.588
Lehman Brothers UK C 5.750 EUR 7.000
EYEMAXX Real Estate 5.500 9/24/2024 EUR 1.577
Pfandbriefbank schwe 0.125 8/17/2040 CHF 73.737
Jyske Realkredit A/S 0.500 10/1/2050 DKK 71.276
Polski Fundusz Rozwo 1.375 8/30/2027 PLN 74.909
Region Wallonne Belg 1.250 6/22/2071 EUR 57.451
Nederlandse Watersch 0.375 9/28/2046 EUR 60.798
Banco Espirito Santo 6.900 6/28/2024 EUR 20.654
Deutsche Bahn Financ 0.750 7/16/2035 EUR 74.011
Blend Funding PLC 2.467 6/16/2061 GBP 59.579
Wirtschafts- und Inf 0.101 9/8/2033 EUR 73.590
MHP Lux SA 6.250 9/19/2029 USD 47.961
European Financial S 0.050 1/18/2052 EUR 46.680
Russian Foreign Bond 5.100 3/28/2035 USD 40.087
Avianca Midco 2 PLC 9.000 12/1/2028 USD 73.486
Societe Nationale SN 0.875 2/28/2051 EUR 54.786
Ukraine Government I 6.876 5/21/2031 USD 21.753
Ukraine Government I 9.790 5/26/2027 UAH 55.201
Ukraine Government I 7.375 9/25/2034 USD 21.726
Russian Foreign Bond 4.250 6/23/2027 USD 44.236
Yandex NV 0.750 9/13/2022 USD 69.345
Ukraine Government I 15.840 2/26/2025 UAH 59.297
NA SA 5.000 EUR 20.000
BAWAG PSK Bank fuer 0.375 3/25/2041 EUR 64.465
Agence France Locale 1.950 6/20/2030 AUD 74.853
Alfa Bank AO Via Alf 5.500 10/26/2031 USD 3.670
Barclays Bank PLC 5.000 11/1/2029 BRL 60.205
Latvia Government In 1.875 2/19/2049 EUR 71.403
PJSC Koks via IMH Ca 5.900 9/23/2025 USD 7.242
KTG Agrar SE 7.125 6/6/2017 EUR 2.007
Prosus NV 4.987 1/19/2052 USD 70.339
BPCE SFH SA 0.375 3/18/2041 EUR 64.114
Land Berlin 0.625 1/26/2052 EUR 60.513
Credit Suisse Group 4.875 5/15/2045 USD 71.730
Autonomous Community 2.965 9/8/2039 JPY 66.281
Privatbank CJSC Via 10.250 1/23/2018 USD 3.400
Bank of Valletta PLC 3.750 6/15/2031 EUR 73.688
BPCE SA 3.582 10/19/2042 USD 65.834
Region Wallonne Belg 0.650 1/16/2051 EUR 54.021
Barclays Bank PLC 2.000 8/2/2030 USD 72.383
Ukraine Government B 12.520 5/13/2026 UAH 58.384
Bilt Paper BV 10.360 USD 1.399
Grand City Propertie 2.000 10/25/2032 EUR 71.272
RTE Reseau de Transp 1.125 9/9/2049 EUR 59.616
Caisse Francaise de 0.375 2/13/2040 EUR 65.610
Telenor ASA 0.875 2/14/2035 EUR 74.013
National Grid Gas PL 1.125 1/14/2033 GBP 67.605
National Grid Gas PL 1.625 1/14/2043 GBP 54.906
Nykredit Realkredit 0.500 10/1/2050 DKK 69.859
Hellas Telecommunica 6.054 1/15/2015 USD 0.014
Peach Property Finan 4.375 11/15/2025 EUR 70.750
Metinvest BV 8.500 4/23/2026 USD 44.000
TechnipFMC PLC 3.750 10/7/2033 EUR 69.883
Electricite de Franc 4.990 10/21/2056 USD 74.148
Ukraine Government I 10.000 8/23/2023 UAH 59.375
Ukraine Government I 9.750 11/1/2030 USD 24.784
Nobel Bidco BV 3.125 6/15/2028 EUR 68.141
Vedanta Resources Lt 6.125 8/9/2024 USD 61.798
Virgolino de Oliveir 11.750 2/9/2022 USD 0.499
NRW Bank 0.100 7/9/2035 EUR 71.488
DLR Kredit A/S 0.500 10/1/2050 DKK 71.714
Bourbon Corp 11.652 EUR 0.917
blueplanet Investmen 5.500 2/26/2026 EUR 31.401
State of Bremen 0.450 2/24/2051 EUR 57.756
Banca Popolare di Vi 9.500 9/29/2025 EUR 0.207
Yuksel Insaat AS 9.500 11/10/2015 USD 0.721
TenneT Holding BV 1.125 6/9/2041 EUR 67.237
Societe Du Grand Par 1.700 5/25/2050 EUR 74.209
ABN AMRO Bank NV 1.115 3/3/2042 EUR 74.734
Eversholt Funding PL 3.529 8/7/2042 GBP 74.949
Cooperatieve Raboban 0.500 10/29/2027 MXN 60.595
Credit Suisse AG/Lon 2.600 1/27/2032 USD 68.146
DZ Bank AG Deutsche 0.550 4/29/2024 EUR 72.527
Nordea Kredit Realkr 1.000 10/1/2053 DKK 64.419
Jyske Realkredit A/S 1.000 10/1/2053 DKK 70.142
Free and Hanseatic C 0.400 11/23/2051 EUR 56.554
HSBC Continental Eur 0.546 EUR 75.000
Agence Francaise de 0.375 5/25/2036 EUR 69.704
Republic of Belarus 6.378 2/24/2031 USD 23.000
Standard Chartered P 4.300 USD 64.655
Berner Kantonalbank 0.100 9/30/2039 CHF 70.895
Sigma Holdco BV 5.750 5/15/2026 EUR 71.175
Home Group Ltd 3.125 3/27/2043 GBP 74.877
Linde PLC 0.375 9/30/2033 EUR 74.405
Espirito Santo Finan 3.125 12/2/2018 EUR 0.610
Deutsche Lichtmiete 5.250 2/1/2027 EUR 3.000
London & Quadrant Ho 2.000 10/20/2038 GBP 65.584
St Galler Kantonalba 0.100 10/10/2041 CHF 70.811
Southern Housing Gro 2.375 10/8/2036 GBP 73.619
Nordea Kredit Realkr 1.500 10/1/2053 DKK 71.045
Region de Bruxelles- 1.121 5/11/2071 EUR 56.465
Salerno Pompei Napol 2.800 1/19/2045 EUR 72.829
Societe Du Grand Par 0.300 9/2/2036 EUR 68.668
Jyske Realkredit A/S 0.500 10/1/2053 DKK 69.260
DekaBank Deutsche Gi 3.625 EUR 65.406
State of Saxony-Anha 0.500 3/24/2051 EUR 59.523
Realkredit Danmark A 0.500 10/1/2050 DKK 71.126
Covivio 0.875 1/20/2033 EUR 74.296
Ferrovie dello Stato 0.641 12/4/2030 EUR 73.754
Nykredit Realkredit 1.500 10/1/2053 DKK 70.977
Ministeries Van de V 1.000 1/23/2051 EUR 63.210
Solarworld AG 9.691 2/24/2019 EUR 14.883
Land Baden-Wuerttemb 0.125 11/19/2040 EUR 63.576
Muenchener Hypotheke 0.250 3/29/2041 CHF 73.690
Petrobras Global Fin 4.500 2/4/2033 EUR 70.044
Cirio Holding Luxemb 6.250 2/16/2004 EUR 1.822
Investitionsbank Ber 0.050 3/2/2035 EUR 72.087
Single Platform Inve 4.020 7/1/2052 EUR 72.809
Notting Hill Genesis 3.250 10/12/2048 GBP 73.565
Castle UK Finco PLC 7.000 5/15/2029 GBP 70.479
BNG Bank NV 0.125 7/9/2035 EUR 72.190
Realkredit Danmark A 0.500 10/1/2050 DKK 69.892
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 53.000
Rallye SA 1.000 2/28/2032 EUR 7.743
Norwegian Air Shuttl 7.137 2/7/2023 SEK 40.467
Nordea Kredit Realkr 0.500 10/1/2050 DKK 70.002
Ile-de-France Mobili 0.950 5/28/2041 EUR 70.076
Canton of Geneva Swi 0.050 8/27/2041 CHF 72.101
Northern Electric Fi 2.750 5/24/2049 GBP 72.795
Yorkshire Water Fina 2.750 4/18/2041 GBP 74.433
State of North Rhine 0.500 11/25/2039 EUR 69.390
TenneT Holding BV 1.500 6/3/2039 EUR 74.947
Platform HG Financin 1.926 9/15/2041 GBP 65.981
University of Southa 2.250 4/11/2057 GBP 65.364
Very Group Funding P 6.500 8/1/2026 GBP 74.295
Basque Government 1.000 10/31/2050 EUR 56.058
City of Kyiv Via PBR 7.500 12/15/2022 USD 34.479
South Eastern Power 1.750 9/30/2034 GBP 73.136
Takarek Mortgage Ban 3.750 4/14/2026 HUF 75.000
Liquid Telecommunica 5.500 9/4/2026 USD 69.100
Land Thueringen 0.375 12/1/2051 EUR 55.717
Borets Finance DAC 6.000 9/17/2026 USD 34.153
Praktiker AG 5.875 2/10/2016 EUR 2.232
Phosagro OAO Via Pho 3.050 1/23/2025 USD 52.532
European Primary Pla 1.732 11/9/2055 GBP 56.918
Credit Suisse AG/Lon 3.220 2/8/2032 AUD 66.325
Free and Hanseatic C 0.250 2/18/2041 EUR 64.710
Alitalia-Societa Aer 5.250 7/30/2020 EUR 0.100
Nationale-Nederlande 0.050 9/24/2035 EUR 69.604
Romanian Government 4.000 2/14/2051 USD 65.325
Midland Heart Capita 1.831 8/12/2050 GBP 55.803
Credit Suisse AG 0.500 12/16/2025 BRL 65.890
Pfandbriefbank schwe 0.375 6/15/2046 CHF 72.808
Stonewater Funding P 1.625 9/10/2036 GBP 68.121
Sovcombank Via SovCo 7.750 USD 3.468
ESB Finance DAC 1.875 7/21/2035 GBP 73.652
DLR Kredit A/S 1.000 10/1/2053 DKK 70.935
Bayerische Landesban 1.820 3/12/2031 EUR 73.112
Nykredit Realkredit 0.500 10/1/2053 DKK 67.663
Dexia SA 3.484 EUR 3.554
Bayerische Landesban 1.820 5/12/2031 EUR 72.873
Privatbank CJSC Via 10.875 2/28/2018 USD 3.217
Banco Espirito Santo 4.752 EUR 0.301
Prosus NV 2.778 1/19/2034 EUR 68.933
EYEMAXX Real Estate 5.500 7/22/2025 EUR 16.000
City of Zurich Switz 0.250 11/24/2051 CHF 69.030
Wessex Water Service 1.250 1/12/2036 GBP 62.937
Evraz PLC 5.375 3/20/2023 USD 49.263
Free and Hanseatic C 0.200 9/3/2049 EUR 54.723
Canton of Neuchatel 0.100 10/29/2049 CHF 63.235
Ukraine Government I 7.750 9/1/2028 USD 24.188
Intesa Sanpaolo SpA 2.500 10/14/2031 USD 71.861
Metinvest BV 7.650 10/1/2027 USD 51.031
Societe Generale SA 2.000 2/26/2033 USD 70.611
NRW Bank 0.500 6/17/2041 EUR 67.898
MMC Norilsk Nickel O 6.625 10/14/2022 USD 53.098
VON Der Heydt Securi 1.000 4/30/2031 EUR 69.858
BNG Bank NV 1.550 2/19/2032 AUD 74.786
Uliving@essex3 LLP 2.720 8/31/2066 GBP 66.832
Lehman Brothers UK C 5.125 EUR 13.474
Onward Homes Ltd 2.125 3/25/2053 GBP 58.845
State of Lower Saxon 0.250 4/15/2036 EUR 72.294
National Grid Electr 1.625 10/7/2035 GBP 67.541
Deutsche Telekom AG 3.625 1/21/2050 USD 69.762
Romanian Government 3.875 10/29/2035 EUR 74.751
Haya Holdco 2 PLC 9.542 11/30/2025 EUR 57.640
Action Logement Serv 0.750 7/19/2041 EUR 66.043
Martlet Homes Ltd 3.000 5/9/2052 GBP 72.590
Signa Development Fi 5.500 7/23/2026 EUR 54.750
Iberdrola Finanzas S 1.000 2/2/2037 EUR 68.572
Russian Foreign Bond 12.750 6/24/2028 USD 72.435
State of North Rhine 0.750 8/16/2041 EUR 70.719
SRV Group Oyj 4.875 EUR 56.000
Eurochem Finance DAC 5.500 3/13/2024 USD 48.500
Ukreximbank Via Biz 10.426 2/9/2023 USD 30.735
JAB Holdings BV 3.750 5/28/2051 USD 57.078
Windreich GmbH 6.500 7/15/2016 EUR 2.847
KBC Group NV 3.125 7/24/2029 EUR 20.000
Santhera Pharmaceuti 7.500 8/17/2024 CHF 71.388
Finmek International 7.000 12/3/2004 EUR 2.193
Romanian Government 2.875 4/13/2042 EUR 58.367
FNG Benelux Holding 5.000 8/28/2023 EUR 1.000
Muenchener Hypotheke 0.010 11/2/2040 EUR 60.843
VST Building Technol 7.000 6/28/2024 EUR 0.230
State of Saarland 0.050 11/5/2040 EUR 62.524
ESFIL-Espirito Santo 5.250 6/12/2015 EUR 0.111
Ukraine Government I 4.375 1/27/2032 EUR 19.622
State of Bremen 0.150 9/14/2040 EUR 63.469
Privatbank CJSC Via 11.000 2/9/2021 USD 1.000
Caisse Francaise de 0.500 10/1/2046 EUR 60.949
SCF Capital Designat 5.375 6/16/2023 USD 20.000
Bayerische Landesbod 0.250 3/21/2036 EUR 72.650
Achmea Bank NV 0.250 9/29/2036 EUR 70.292
Russian Foreign Bond 5.250 6/23/2047 USD 41.480
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 0.521
EOS Imaging SA 6.000 5/31/2023 EUR 7.250
Air Berlin PLC 5.625 5/9/2019 CHF 0.508
Elli Finance UK PLC 8.750 6/15/2019 GBP 62.279
Cie de Financement F 0.600 10/25/2041 EUR 67.088
Action Logement Serv 0.500 10/30/2034 EUR 74.526
Mallinckrodt Interna 4.750 4/15/2023 USD 38.500
Kommunekredit 0.125 9/26/2040 EUR 63.469
State of North Rhine 1.000 10/16/2046 EUR 71.371
Cadent Finance PLC 2.250 10/10/2035 GBP 72.030
Scottish Hydro Elect 2.125 3/24/2036 GBP 71.714
Ministeries Van de V 0.875 3/21/2046 EUR 64.599
Deutsche Lichtmiete 5.250 9/1/2025 EUR 3.250
JAB Holdings BV 4.500 4/8/2052 USD 68.383
Gazprom PJSC Via Gaz 3.125 11/17/2023 EUR 70.933
Niedersachsen Invest 0.250 7/16/2035 EUR 73.223
Lehman Brothers UK C 6.900 USD 3.986
Tinkoff Bank JSC Via 6.000 USD 37.186
Rallye SA 3.400 2/28/2032 EUR 8.008
Romania Government B 3.650 9/24/2031 RON 73.902
Fuerstenberg Capital 3.905 EUR 64.860
Region de Bruxelles- 1.220 6/23/2053 EUR 66.287
Deutsche Bahn Financ 3.100 5/20/2041 AUD 70.801
Republic of Belarus 7.625 6/29/2027 USD 22.400
Veneto Banca SpA 9.878 12/1/2025 EUR 0.541
Quintet Private Bank 3.650 11/13/2023 EUR 15.050
LiveWest Treasury PL 2.250 10/10/2043 GBP 67.529
Ukraine Government I 12.520 5/13/2026 UAH 58.384
Aroundtown SA 3.250 11/12/2032 EUR 71.126
Zurich Finance Irela 1.600 12/17/2052 EUR 71.214
BAWAG PSK Bank fuer 0.010 11/19/2035 EUR 67.842
nextbike GmbH 6.000 3/31/2025 EUR 65.000
Kommunekredit 0.500 6/19/2039 DKK 69.166
Senivita Social Esta 6.500 5/12/2025 EUR 5.110
Lukoil Securities BV 3.875 5/6/2030 USD 70.500
Serbia International 2.125 12/1/2030 USD 73.872
Cirio Del Monte NV 7.750 3/14/2005 EUR 0.368
Bank Julius Baer & C 13.250 1/5/2023 USD 46.500
Bayerische Landesban 1.550 2/13/2040 EUR 52.176
State of North Rhine 0.375 9/2/2050 EUR 56.081
Cooperatieve Raboban 0.500 1/31/2033 MXN 35.608
Nationale-Nederlande 0.050 11/12/2040 EUR 61.102
Transports Publics D 0.450 12/29/2056 CHF 61.199
BPCE SA 3.648 1/14/2037 USD 74.087
Swissgrid AG 0.050 6/30/2050 CHF 55.815
Havila Shipping ASA 6.660 1/2/2025 NOK 31.101
Castellum AB 2.840 6/5/2029 SEK 73.932
de Volksbank NV 0.125 11/19/2040 EUR 61.704
Iceland Bondco PLC 4.375 5/15/2028 GBP 69.833
Novafives SAS 5.000 6/15/2025 EUR 73.708
Nordea Kredit Realkr 0.500 10/1/2053 DKK 69.330
Romanian Government 2.000 1/28/2032 EUR 69.405
City of Lugano Switz 0.150 11/28/2070 CHF 53.515
Ile-de-France Mobili 0.675 11/24/2036 EUR 72.833
State of Bremen 0.400 8/20/2049 EUR 57.656
Metropolitan Housing 1.875 7/28/2036 GBP 68.798
Ukraine Government I 9.990 5/22/2024 UAH 51.591
Gazprom PJSC via Gaz 1.850 11/17/2028 EUR 62.472
Realkredit Danmark A 0.500 10/1/2053 DKK 69.246
Region Wallonne Belg 1.050 6/22/2040 EUR 71.536
Credit Suisse AG/Lon 2.300 9/24/2031 USD 67.168
Kairos Global Soluti 1.900 7/3/2035 USD 70.284
Russian Foreign Bond 7.500 3/31/2030 USD 64.385
CBo Territoria 3.750 7/1/2024 EUR 4.230
WD Invest Sarl 1.900 10/2/2024 EUR 11.833
State Agency of Road 6.250 6/24/2030 USD 18.167
Cirio Finance Luxemb 7.500 11/3/2002 EUR 3.199
Bellis Finco PLC 4.000 2/16/2027 GBP 70.313
Nova Kreditna Banka 1.625 5/25/2027 EUR 73.170
Prosus NV 2.031 8/3/2032 EUR 68.353
BNG Bank NV 0.250 11/22/2036 EUR 70.564
Maxeda DIY Holding B 5.875 10/1/2026 EUR 66.792
Dtek Renewables Fina 8.500 11/12/2024 EUR 29.978
Raiffeisen-Landesban 0.500 5/27/2041 EUR 65.599
Autonomous Region of 1.095 9/27/2036 EUR 72.285
Lloyds Bank PLC 2.637 1/16/2040 AUD 64.489
New World Resources 4.000 10/7/2020 EUR 0.312
Offshore Drilling Ho 8.375 9/20/2020 USD 3.876
Societe Du Grand Par 0.875 5/10/2046 EUR 62.755
LiveWest Treasury PL 1.875 2/18/2056 GBP 55.227
Schoeller Packaging 6.375 11/1/2024 EUR 73.000
Andrade Gutierrez In 9.500 12/30/2024 USD 54.543
ALROSA Finance SA 4.650 4/9/2024 USD 11.281
Jyske Realkredit A/S 0.500 10/1/2053 DKK 67.711
Jyske Realkredit A/S 0.500 10/1/2050 DKK 69.928
BPCE SFH SA 0.010 1/29/2036 EUR 67.800
ABN AMRO Bank NV 0.375 1/14/2035 EUR 74.573
Grand City Propertie 2.081 8/8/2034 EUR 69.464
Norske Skogindustrie 2.000 12/30/2115 EUR 0.113
United Kingdom Gilt 1.500 7/22/2047 GBP 68.161
Luzerner Kantonalban 0.160 12/23/2043 CHF 70.617
Kommunekredit 0.010 5/4/2034 EUR 73.267
City of Lausanne Swi 0.600 7/6/2050 CHF 70.416
Sidetur Finance BV 10.000 4/20/2016 USD 0.770
Ukraine Government I 12.520 5/13/2026 UAH 58.384
Manchester Airport G 2.875 3/31/2039 GBP 72.805
Standard Profil Auto 6.250 4/30/2026 EUR 60.071
Interpipe Holdings P 8.375 5/13/2026 USD 38.395
Ukraine Government I 11.670 11/22/2023 UAH 59.375
Ukraine Government I 6.750 6/20/2028 EUR 19.322
Credit Suisse Group 4.875 5/15/2045 USD 71.705
Romanian Government 3.375 1/28/2050 EUR 60.204
Land Berlin 0.125 11/24/2045 EUR 56.812
Zorlu Yenilenebilir 9.000 6/1/2026 USD 74.926
Del Monte Finance Lu 6.625 5/24/2006 EUR 1.402
Metinvest BV 5.625 6/17/2025 EUR 51.864
Siemens Financiering 2.875 3/11/2041 USD 74.494
OGX Austria GmbH 8.500 6/1/2018 USD 0.002
Romanian Government 1.750 7/13/2030 EUR 72.257
Credit Suisse AG/Lon 13.300 11/29/2023 USD 51.550
Abengoa Abenewco 1 S 6.000 6/10/2022 EUR 0.352
Vilogia SA d'HLM 1.500 8/7/2034 EUR 71.369
Paradigm Homes Chari 2.250 5/20/2051 GBP 62.798
Wrekin Housing Group 2.500 10/22/2048 GBP 65.103
DLR Kredit A/S 0.500 10/1/2053 DKK 69.859
LSF9 Balta Issuer SA 3.000 12/31/2030 EUR 61.370
Wingholding Zrt 3.500 5/20/2030 HUF 73.770
KTG Agrar SE 7.250 10/15/2019 EUR 2.007
Andrade Gutierrez In 11.000 8/20/2021 USD 51.735
Credit Suisse AG/Lon 11.500 9/25/2023 CHF 66.370
Land Thueringen 0.100 7/9/2035 EUR 71.892
Endo Luxembourg Fina 6.125 4/1/2029 USD 74.388
Ville de Paris 0.450 10/20/2045 EUR 58.172
CRC Breeze Finance S 6.110 5/8/2026 EUR 31.300
Standard Chartered B 3.000 4/30/2036 AUD 67.548
Care Property Invest 2.050 7/8/2031 EUR 74.735
Deutsche Telekom AG 4.125 7/23/2049 USD 71.425
La Banque Postale Ho 0.250 2/12/2035 EUR 72.651
Realkredit Danmark A 1.500 10/1/2053 DKK 70.881
Veragold Mining Co G 5.000 12/31/2025 EUR 30.000
Vnesheconombank Via 5.942 11/21/2023 USD 4.574
Department of L'Eure 0.515 5/25/2040 EUR 64.919
Hospices Civils de L 0.597 11/24/2031 EUR 73.709
Hell Energy Magyaror 2.700 12/18/2029 HUF 59.100
BPCE SA 3.582 10/19/2042 USD 65.337
Cooperatieve Raboban 0.010 11/27/2040 EUR 60.365
Italy Buoni Polienna 2.150 9/1/2052 EUR 71.005
Boparan Finance PLC 7.625 11/30/2025 GBP 66.784
Magyar Export-Import 2.000 10/27/2027 HUF 65.655
DLR Kredit A/S 0.500 10/1/2050 DKK 70.865
Virgolino de Oliveir 10.500 1/28/2018 USD 0.499
Russian Foreign Bond 4.375 3/21/2029 USD 41.196
Hellas Telecommunica 8.500 10/15/2013 EUR 0.834
Bayerische Landesban 1.500 7/14/2036 EUR 69.934
Norske Skogindustrie 7.000 12/30/2026 EUR 0.010
Cyprus Government In 1.250 1/21/2040 EUR 66.324
Master & Fellows of 3.068 4/28/2065 GBP 66.921
Herens Midco Sarl 5.250 5/15/2029 EUR 68.333
State of Rhineland-P 0.375 4/1/2041 EUR 66.700
Bayerische Landesban 1.860 3/13/2036 EUR 74.582
State of Brandenburg 0.125 1/26/2046 EUR 57.133
Nykredit Realkredit 1.000 10/1/2050 DKK 71.282
Ukraine Government I 7.750 9/1/2024 USD 27.502
Autobahnen- und Schn 0.100 7/16/2035 EUR 72.396
Region de Bruxelles- 1.400 3/11/2054 EUR 66.103
State of Bremen 0.550 2/4/2050 EUR 60.010
Anglo American Capit 3.950 9/10/2050 USD 74.394
Agence Francaise de 2.302 10/25/2044 USD 65.826
Kommunekredit 0.625 11/21/2039 EUR 71.680
Aragvi Finance Inter 8.450 4/29/2026 USD 70.630
Compact Bidco BV 5.750 5/1/2026 EUR 69.667
Gemeente Bergen OP Z 0.440 9/20/2044 EUR 63.281
LIB-Landesimmobilien 0.620 7/15/2041 EUR 68.353
Wirtschafts- und Inf 0.245 2/25/2036 EUR 70.175
Serbia International 1.650 3/3/2033 EUR 64.875
State of Brandenburg 0.600 10/13/2051 EUR 60.843
State of Brandenburg 0.500 11/21/2039 EUR 69.824
Aktia Bank Oyj 0.800 2/26/2036 EUR 71.693
Realkredit Danmark A 0.500 10/1/2053 DKK 67.677
Caisse Francaise de 0.125 2/15/2036 EUR 69.204
Muenchener Hypotheke 0.400 8/11/2031 EUR 74.459
Region Wallonne Belg 1.246 5/12/2070 EUR 56.726
Sovcombank Via SovCo 3.400 1/26/2025 USD 4.879
State of Brandenburg 0.050 8/10/2040 EUR 62.684
Sovcombank Via SovCo 8.000 4/7/2030 USD 3.506
Avianca Midco 2 PLC 9.000 12/1/2028 USD 73.486
Ukraine Government B 3.700 4/27/2023 USD 70.696
Phosagro OAO Via Pho 3.949 4/24/2023 USD 61.988
V-Bank AG 4.000 EUR 70.866
Anadolu Efes Biracil 3.375 6/29/2028 USD 72.432
Caisse de Refinancem 0.250 2/7/2035 EUR 72.923
Land Thueringen 0.200 9/12/2039 EUR 65.920
Agence Francaise de 2.360 1/30/2045 AUD 61.739
Prosus NV 1.288 7/13/2029 EUR 73.453
ISP Group AG 5.250 CHF 73.219
Region Wallonne Belg 0.500 6/22/2037 EUR 69.485
Nationale-Nederlande 0.375 3/4/2041 EUR 64.741
Hema Bondco II BV 8.500 1/15/2023 EUR 1.194
Hamon & CIE SA 3.300 1/31/2035 EUR 46.000
Cooperatieve Raboban 0.500 10/30/2043 MXN 11.327
Credit Suisse AG/Lon 1.250 2/22/2029 USD 72.869
Ukraine Government I 7.375 9/25/2034 USD 21.357
LBI ehf 6.100 8/25/2011 USD 10.666
MVM Energetika Zrt 3.250 9/3/2031 HUF 59.000
Eastern Power Networ 1.875 6/1/2035 GBP 73.047
Banco Santander SA 3.236 EUR 1.547
Rhaetische Bahn AG R 0.050 8/3/2050 CHF 62.418
Havenbedrijf Rotterd 1.100 3/23/2051 EUR 66.056
State of North Rhine 0.800 7/30/2049 EUR 64.896
VF Ukraine PAT via V 6.200 2/11/2025 USD 53.624
Joh Friedrich Behren 7.750 11/11/2020 EUR 31.000
Cirio Finanziaria Sp 8.000 12/21/2005 EUR 0.415
Credit Agricole Corp 15.000 6/18/2026 TRY 65.214
Free State of Saxony 0.010 12/17/2035 EUR 70.308
Nordea Kredit Realkr 0.500 10/1/2053 DKK 67.712
BNP Paribas SA 1.590 2/23/2051 EUR 63.573
Banco Santander SA 1.000 10/1/2033 EUR 71.323
Caisse des Depots et 2.615 11/15/2049 AUD 63.308
State of Bremen 0.500 5/6/2041 EUR 67.437
Societe Generale SA 1.137 1/26/2037 EUR 70.432
Bayerische Landesban 0.630 3/19/2032 EUR 72.929
Norwegian Air Shuttl 7.500 11/10/2023 USD 74.304
Kingdom of Belgium G 1.400 6/22/2053 EUR 72.581
Magyar Export-Import 2.500 5/23/2029 HUF 63.445
Mallinckrodt Interna 10.000 4/15/2025 USD 65.843
Takarek Mortgage Ban 3.500 10/27/2027 HUF 66.800
Ukreximbank Via Biz 9.750 1/22/2025 USD 33.243
AlphaNotes ETP Dac 1.000 9/15/2032 USD 65.263
City of Bern Switzer 0.040 10/2/2070 CHF 54.322
Windreich GmbH 6.500 3/1/2015 EUR 2.846
Jyske Realkredit A/S 1.500 10/1/2053 DKK 71.002
BNP Paribas SA 1.019 5/25/2028 EUR 40.010
Windreich GmbH 6.750 3/1/2015 EUR 2.847
Romania Government B 4.750 10/11/2034 RON 73.768
Romanian Government 2.625 12/2/2040 EUR 57.675
Nederlandse Gasunie 0.750 10/13/2036 EUR 68.840
Zurcher Kantonalbank 24.800 4/12/2023 USD 40.000
Societe Generale SA 2.000 1/30/2036 USD 56.368
City of Lausanne Swi 0.600 11/30/2056 CHF 67.624
Intesa Sanpaolo SpA 4.700 9/23/2049 USD 71.092
Deutsche Telekom AG 3.500 4/15/2041 AUD 69.540
Norwegian Air Shuttl 6.375 11/15/2024 USD 47.629
Nostrum Oil & Gas Fi 8.000 7/25/2022 USD 26.269
Ukraine Government I 7.750 9/1/2029 USD 24.269
Credit Suisse AG/Lon 3.200 3/24/2032 USD 70.749
Intesa Sanpaolo SpA 2.000 6/15/2028 USD 73.960
Agrokor dd 9.875 5/1/2019 EUR 15.000
Societe Nationale SN 1.280 3/27/2120 EUR 42.208
DNB Bank ASA 1.185 1/14/2038 EUR 69.290
Junta de Castilla y 1.275 4/7/2049 EUR 62.544
Aroundtown SA 2.970 9/26/2033 EUR 67.462
Holcim US Finance Lu 2.240 10/15/2031 USD 73.953
Pro-Gest SpA 3.250 12/15/2024 EUR 62.708
Credit Suisse AG/Lon 1.500 3/19/2029 USD 69.545
Ville de Paris 0.750 11/30/2041 EUR 67.288
Serbia International 2.050 9/23/2036 EUR 60.093
Sovcombank Via SovCo 7.600 USD 4.609
Credit Agricole Ital 0.750 1/20/2042 EUR 64.053
Abengoa Abenewco 1 S 6.000 6/10/2022 EUR 0.352
Deutsche Bank AG 1.580 10/23/2031 EUR 72.426
Landwirtschaftliche 0.010 11/26/2040 EUR 62.251
Thames Water Utiliti 2.442 5/12/2050 GBP 56.909
Raiffeisenlandesbank 0.375 1/15/2035 EUR 73.266
CDC Habitat SEM 1.700 3/21/2039 EUR 72.052
Region of Pays de la 0.877 10/28/2041 EUR 70.359
Spain Government Bon 1.900 10/31/2052 EUR 73.273
Deutsche Wohnen SE 2.000 3/28/2034 EUR 73.681
United Group BV 5.250 2/1/2030 EUR 74.525
Europejskie Centrum 13.200 4/14/2023 PLN 49.489
Deutsche Pfandbriefb 1.020 7/29/2030 EUR 70.549
Serbia International 1.500 6/26/2029 EUR 74.938
Credit Bank of Mosco 8.875 USD 10.945
Nestle Hungaria Kft 1.750 5/31/2028 HUF 59.000
ING Groep NV 0.975 2/14/2034 EUR 67.209
Swissgrid AG 0.200 6/29/2040 CHF 69.659
Parnassia Groep BV 1.200 12/1/2051 EUR 69.229
Uralkali OJSC Via Ur 4.000 10/22/2024 USD 19.327
Credit Agricole Ital 1.000 1/17/2045 EUR 65.070
BPCE SA 2.255 3/12/2040 AUD 48.055
Ahtium PLC 4.000 12/16/2015 EUR 0.586
Land Berlin 0.050 8/6/2040 EUR 62.264
Single Platform Inve 4.020 7/1/2052 EUR 72.809
SNCF Reseau 1.425 8/14/2119 EUR 45.890
Altice France Holdin 4.000 2/15/2028 EUR 68.438
Malta Government Bon 1.800 8/28/2051 EUR 65.340
ABN AMRO Bank NV 0.500 12/12/2039 EUR 68.175
VTB Bank OJSC Via VT 6.250 6/30/2035 USD 21.403
German Pellets GmbH 7.250 11/27/2019 EUR 1.515
Novolipetsk Steel Vi 4.700 5/30/2026 USD 59.443
Single Platform Inve 1.220 8/24/2047 EUR 61.667
Region de Bruxelles- 0.562 12/23/2065 EUR 42.690
Banca Popolare di Vi 2.821 12/20/2017 EUR 0.396
Region of Veneto Ita 0.112 12/7/2046 EUR 73.217
Rena GmbH 7.000 12/15/2015 EUR 0.059
Waste Italia SpA 10.500 11/15/2019 EUR 0.550
LSEGA Financing PLC 3.200 4/6/2041 USD 74.794
Credit Suisse AG/Lon 20.100 3/3/2023 USD 13.000
United Utilities Wat 1.474 8/24/2031 USD 70.502
Takko Luxembourg 2 S 7.137 11/15/2023 EUR 73.500
Akbank TAS 4.000 9/17/2029 EUR 74.200
Muenchener Hypotheke 0.125 9/5/2035 EUR 71.211
Region de Bruxelles- 0.274 12/11/2040 EUR 61.586
Novafives SAS 5.500 6/15/2025 EUR 73.455
Ukraine Government I 10.000 8/23/2023 UAH 59.375
Polski Fundusz Rozwo 2.000 3/5/2030 PLN 68.767
Espirito Santo Finan 5.050 11/15/2025 EUR 0.622
Muenchener Hypotheke 0.250 5/2/2036 EUR 71.094
niiio finance group 4.000 5/31/2026 EUR 41.000
AXA Bank Europe SCF 0.250 6/9/2040 EUR 63.927
Credit Bank of Mosco 3.875 9/21/2026 USD 20.746
Republic of Ireland 0.740 11/27/2120 EUR 38.107
Canton of Neuchatel 0.350 7/14/2050 CHF 67.729
Caisse Francaise de 0.726 10/29/2039 EUR 67.437
Transcapitalbank JSC 10.000 USD 65.000
BOA Offshore AS 0.409 7/17/2047 NOK 15.267
Credit Suisse AG/Lon 2.000 5/17/2029 USD 73.912
Caisse des Depots et 1.270 10/1/2051 EUR 73.214
Golfino AG 8.000 11/18/2023 EUR 0.010
Land Berlin 0.125 6/4/2035 EUR 72.422
Foodco Bondco SA 6.250 5/15/2026 EUR 65.398
Caisse des Depots et 2.345 1/29/2050 AUD 59.345
Republic of Ireland 1.320 11/28/2119 EUR 46.996
Wingholding Zrt 3.000 9/22/2031 HUF 66.250
Landesbank Baden-Wue 0.905 4/1/2041 EUR 57.579
EVN AG 0.850 10/15/2035 EUR 70.069
Alpine Holding GmbH 5.250 7/1/2015 EUR 3.159
Portugal Telecom Int 6.250 7/26/2016 EUR 0.285
Russian Foreign Bond 4.750 5/27/2026 USD 44.992
Agrokor dd 8.875 2/1/2020 USD 15.000
Deutsche Bahn Financ 3.350 1/20/2042 AUD 70.951
OTP Munkavallalok I 4.500 7/14/2031 HUF 71.760
Turkey Government In 5.750 5/11/2047 USD 67.033
Deutsche Bank AG 1.500 2/26/2028 USD 72.530
MMC Norilsk Nickel O 3.375 10/28/2024 USD 64.422
Irish Bank Resolutio 0.566 6/21/2016 EUR 0.679
Ukraine Government I 15.840 2/26/2025 UAH 59.297
Serbia International 1.000 9/23/2028 EUR 74.847
DZ Bank AG Deutsche 1.070 10/6/2042 EUR 73.886
Ministeries Van de V 1.564 11/12/2046 EUR 73.641
Anglian Water Servic 1.760 11/13/2035 GBP 70.257
Heimstaden Bostad AB 2.800 5/4/2035 EUR 66.298
LSF9 Balta Issuer SA 3.000 12/31/2030 EUR 61.370
Spain Government Bon 1.200 10/31/2040 EUR 72.150
Ceske Drahy AS 3.000 6/4/2035 EUR 72.600
Mobile Telesystems O 5.000 5/30/2023 USD 27.649
Barclays Bank PLC 0.500 1/28/2033 MXN 30.350
Norske Skog Holding 8.000 2/24/2021 EUR 0.006
La Veggia Finance SA 7.125 11/14/2004 EUR 0.287
State of Brandenburg 0.300 10/4/2049 EUR 56.022
Ile-de-France Mobili 0.200 11/16/2035 EUR 69.901
Aegon Bank NV 0.375 6/9/2036 EUR 71.732
Standard Chartered B 0.520 1/22/2041 JPY 61.719
City of Lausanne Swi 0.540 11/6/2062 CHF 61.975
Raiffeisen Landesban 0.250 3/4/2036 EUR 70.693
Cooperatieve Raboban 0.500 12/29/2027 MXN 59.574
Free State of Bavari 0.010 3/28/2036 EUR 69.460
Land Berlin 0.150 2/22/2036 EUR 71.267
Jyske Realkredit A/S 1.000 10/1/2053 DKK 64.375
Sibur Securities DAC 2.950 7/8/2025 USD 42.843
Evan Group PLC 6.000 7/31/2022 EUR 17.011
State of Lower Austr 1.000 9/15/2121 EUR 39.732
MMC Norilsk Nickel O 2.550 9/11/2025 USD 53.312
HSE Finance Sarl 5.625 10/15/2026 EUR 55.940
DZ Bank AG Deutsche 1.055 3/11/2031 EUR 71.338
Erste Group Bank AG 1.230 5/29/2033 EUR 73.628
Windreich GmbH 6.250 3/1/2015 EUR 2.847
Celtic Resources Hol 4.125 10/9/2024 USD 13.417
Housing & Care 21 3.288 11/8/2049 GBP 74.853
City of Lausanne Swi 0.680 3/11/2058 CHF 68.017
Malta Government Bon 1.400 8/20/2046 EUR 67.324
Polski Fundusz Rozwo 1.375 9/30/2027 PLN 74.549
Deutsche Pfandbriefb 0.312 4/16/2029 EUR 71.936
State of Rhineland-P 0.375 3/10/2051 EUR 56.652
Futureal Development 4.000 3/23/2031 HUF 58.000
French Republic Gove 0.750 5/25/2053 EUR 61.172
Maison Finco PLC 6.000 10/31/2027 GBP 72.705
Richter Gedeon Nyrt 1.750 6/4/2031 HUF 60.000
Italy Buoni Polienna 0.950 3/1/2037 EUR 68.961
Credit Suisse AG/Lon 9.000 4/22/2024 USD 23.625
Muenchener Hypotheke 0.250 10/31/2044 CHF 69.913
Carmila SA 1.890 11/6/2031 EUR 65.622
Kreditanstalt fuer W 1.000 10/19/2050 EUR 66.264
Nomura Bank Internat 1.130 4/23/2036 EUR 66.619
Ville de Paris 0.650 11/25/2070 EUR 42.462
German Pellets GmbH 7.250 4/1/2016 EUR 1.515
Phosphorus Holdco PL 10.000 4/1/2019 GBP 1.386
Landesbank Baden-Wue 7.070 1/27/2023 EUR 35.860
Credit Suisse AG/Lon 5.800 7/26/2023 USD 9.250
Wellis Magyarorszag 3.000 2/26/2031 HUF 66.722
Russian Foreign Bond 2.875 12/4/2025 EUR 42.746
Stelius Befektetoe Z 3.100 9/17/2030 HUF 66.500
Bromford Housing Gro 2.554 3/17/2054 GBP 63.952
Malta Government Bon 2.000 7/10/2051 EUR 69.330
Severstal OAO Via St 3.150 9/16/2024 USD 5.560
Autostrade per l'Ita 3.240 6/10/2034 EUR 74.666
Single Platform Inve 4.020 7/1/2052 EUR 72.809
Getin Noble Bank SA 12.800 11/9/2023 PLN 33.865
Landesbank Baden-Wue 1.100 5/7/2040 EUR 65.764
MMK International Ca 4.375 6/13/2024 USD 29.904
Nykredit Realkredit 1.000 10/1/2050 DKK 74.314
Cooperatieve Raboban 0.500 11/30/2027 MXN 60.593
Cooperatieve Raboban 0.500 8/21/2028 MXN 55.647
Governo Portugues Co 2.750 EUR 74.510
HSBC Holdings PLC 0.950 12/9/2032 EUR 71.462
State of Lower Saxon 0.050 3/9/2035 EUR 72.283
Societa di Progetto 3.375 12/31/2038 EUR 72.097
NRW Bank 1.150 9/16/2051 EUR 70.853
TechnipFMC PLC 4.000 6/14/2032 EUR 73.795
Kuntarahoitus Oyj 0.940 6/9/2064 EUR 74.227
Autonomous Community 1.850 5/13/2061 EUR 62.868
MFB Magyar Fejleszte 4.200 4/20/2033 HUF 69.043
ABN AMRO Bank NV 1.070 3/3/2041 EUR 74.329
Communaute Francaise 0.626 8/24/2040 EUR 66.238
Hemso Fastighets AB 3.020 9/14/2048 SEK 70.904
Frigoglass Finance B 6.875 2/12/2025 EUR 37.564
Kreditanstalt fuer W 1.100 9/16/2051 EUR 67.987
Assa Abloy AB 0.650 8/28/2034 EUR 73.263
Landesbank Baden-Wue 0.327 5/7/2038 EUR 66.431
Vnesheconombank Via 6.025 7/5/2022 USD 5.125
Moby SpA 7.750 2/15/2023 EUR 65.867
Single Platform Inve 1.165 6/6/2046 EUR 62.624
Kleopatra Holdings 2 6.500 9/1/2026 EUR 64.370
Autonomous Community 1.655 10/31/2050 EUR 68.017
Republic of Ireland 0.835 7/8/2080 EUR 53.674
GTC Magyarorszag Zrt 2.600 3/17/2031 HUF 67.850
Free and Hanseatic C 0.300 9/16/2050 EUR 56.151
Kreditanstalt fuer W 1.000 10/20/2050 EUR 68.949
Vasakronan AB 1.655 9/5/2039 SEK 63.169
Joh Friedrich Behren 6.250 6/18/2024 EUR 30.261
Societe Generale SA 3.920 12/9/2036 AUD 70.870
OTP Munkavallalok Ii 4.500 7/14/2031 HUF 71.760
Russian Federal Bond 0.250 7/20/2044 RUB 13.000
Vasakronan AB 1.130 5/27/2042 JPY 71.583
Ukraine Government I 15.970 4/19/2023 UAH 60.775
Caisse des Depots et 0.945 5/19/2051 EUR 67.076
State of Lower Austr 0.815 9/22/2056 EUR 55.144
Single Platform Inve 0.780 2/15/2040 EUR 62.531
Novolipetsk Steel Vi 1.450 6/2/2026 EUR 59.634
Credit Bank of Mosco 7.500 10/5/2027 USD 18.000
Caisse des Depots et 1.460 1/24/2052 EUR 73.280
BASF SE 1.025 8/13/2048 JPY 69.751
Credit Bank of Mosco 5.550 2/14/2023 USD 21.202
Romanian Government 2.000 4/14/2033 EUR 67.048
Bayerische Landesban 1.637 3/8/2035 EUR 73.819
Deutsche Telekom AG 3.500 9/6/2039 AUD 70.796
Credit Suisse AG/Lon 1.400 11/4/2025 CHF 30.390
Veneto Banca SpA 6.411 EUR 0.345
Kommunekredit 0.500 7/30/2027 TRY 25.179
Rosbank PJSC 0.040 4/30/2024 RUB 60.050
HSBC Bank PLC 0.500 11/25/2025 BRL 67.044
Societe Generale SA 10.000 6/28/2034 USD 60.847
DZ Bank AG Deutsche 1.000 2/8/2035 EUR 71.933
Landesbank Hessen-Th 0.750 11/17/2036 EUR 65.700
Raiffeisenlandesbank 1.500 10/21/2039 EUR 67.459
Stichting Afwikkelin 6.625 5/14/2018 EUR 45.375
Landesbank Baden-Wue 0.821 8/24/2032 EUR 73.202
Ahtium PLC 9.750 4/4/2017 EUR 0.726
Stichting Afwikkelin 4.252 EUR 45.000
Sairgroup Finance BV 4.375 6/8/2006 EUR 1.964
NIBC Bank NV 0.460 7/19/2029 EUR 73.967
Norddeutsche Landesb 0.750 1/15/2032 EUR 73.695
Societe Nationale SN 2.457 12/23/2050 USD 63.340
German Pellets GmbH 7.250 7/9/2018 EUR 1.515
Erste Group Bank AG 1.010 10/7/2041 EUR 62.560
DZ Bank AG Deutsche 2.000 12/29/2031 EUR 71.700
Sonnedix Energy Tau 2.200 12/31/2038 EUR 8.000
Landesbank Baden-Wue 0.250 5/27/2037 EUR 66.986
BAE Systems PLC 3.000 9/15/2050 USD 68.574
Landesbank Hessen-Th 0.950 2/12/2035 EUR 70.070
Boparan Finance PLC 7.625 11/30/2025 GBP 68.083
Grand Delta Habitat 1.285 11/6/2040 EUR 64.306
Single Platform Inve 1.108 2/15/2041 EUR 65.610
Bayerische Landesban 0.770 11/29/2032 EUR 71.917
MOL Hungarian Oil & 1.900 4/12/2031 HUF 54.600
Banque Federative du 0.376 10/15/2031 EUR 74.318
Ukraine Government I 9.840 2/15/2023 UAH 59.375
OGX Austria GmbH 8.375 4/1/2022 USD 0.002
Aareal Bank AG 0.300 12/11/2030 EUR 64.101
Anselma Issuer SA 2.174 12/31/2038 EUR 64.580
Batigere Grand Est S 1.345 4/18/2032 EUR 74.676
Landesbank Baden-Wue 0.395 1/29/2031 EUR 73.715
Zurcher Kantonalbank 16.750 4/4/2023 USD 37.990
Banque International 2.120 8/20/2040 EUR 70.073
Raiffeisen Landesban 0.375 11/13/2034 EUR 74.586
AXA Home Loan SFH SA 0.125 6/25/2035 EUR 70.702
Bank Nadra Via NDR F 8.250 7/31/2018 USD 0.208
Luzerner Kantonalban 0.150 10/7/2044 CHF 68.775
Norwegian Air Shuttl 7.500 11/10/2023 USD 74.304
State of Saarland 1.108 5/18/2046 EUR 73.857
HSBC Bank PLC 0.500 12/22/2025 BRL 66.402
Aeroports de la Cote 2.500 7/9/2036 EUR 67.415
BNP Paribas SA 0.857 2/22/2036 EUR 66.278
Region of Centre-Val 0.711 11/2/2036 EUR 73.798
Frigate Luxembourg S 2.000 8/1/2032 EUR 53.635
Raiffeisenlandesbank 0.200 6/9/2036 EUR 66.720
Mondelez Internation 1.250 9/9/2041 EUR 66.921
Free and Hanseatic C 0.010 11/5/2035 EUR 70.539
Landeskreditbank Bad 0.610 11/17/2050 EUR 62.374
MFB Magyar Fejleszte 2.900 10/22/2031 HUF 65.045
Alno AG 8.000 3/21/2019 EUR 14.000
Alfa Bank AO Via Alf 5.950 4/15/2030 USD 4.503
Land Baden-Wuerttemb 0.375 7/20/2048 EUR 58.114
Kuntarahoitus Oyj 1.150 9/24/2051 EUR 72.291
Alpine Holding GmbH 6.000 5/22/2017 EUR 3.159
Global Ports Finance 6.500 9/22/2023 USD 35.000
Takarek Mortgage Ban 3.000 10/22/2031 HUF 52.140
Societe Generale SA 13.500 8/23/2024 USD 50.900
Wirtschafts- und Inf 0.500 8/28/2046 EUR 60.638
Commerzbank AG 2.565 5/15/2043 EUR 65.371
Land Thueringen 0.250 3/5/2040 EUR 65.628
Ukraine Government I 16.000 5/24/2023 UAH 59.375
Portugal Telecom Int 5.242 11/6/2017 EUR 0.694
Credit Suisse AG/Lon 4.430 9/25/2035 USD 72.632
Bayerische Landesban 0.710 12/1/2031 EUR 74.017
ING Bank NV 0.335 4/21/2036 EUR 70.466
Societe Generale SA 0.831 11/25/2031 EUR 73.833
Region of Ile de Fra 0.610 7/2/2040 EUR 67.233
Steilmann SE 6.750 6/27/2017 EUR 2.184
UBS AG/London 3.327 11/23/2025 EUR 58.500
Corporate Commercial 8.250 8/8/2014 USD 0.308
National Treasury Ma 1.560 2/16/2122 EUR 71.451
Republic of Belarus 6.200 2/28/2030 USD 24.000
Land Berlin 0.625 7/15/2039 EUR 71.585
Comunidad Foral de N 1.450 5/8/2040 EUR 73.991
Golden Gate AG 6.500 10/11/2014 EUR 36.230
Ministeries Van de V 1.874 3/28/2058 EUR 72.275
Tennor Finance BV 5.750 6/17/2024 EUR 75.000
State of Saxony-Anha 2.030 7/3/2028 EUR 60.000
Rio Forte Investment 4.000 7/22/2014 EUR 3.846
Prosus NV 1.985 7/13/2033 EUR 65.153
DZ Bank AG Deutsche 5.500 6/23/2023 EUR 71.660
TBI Bank EAD 5.250 7/30/2031 EUR 51.224
Grenke Finance PLC 0.819 2/15/2030 EUR 65.962
Region Auvergne-Rhon 0.892 10/21/2041 EUR 67.304
Region Hauts-de-Fran 0.691 7/9/2042 EUR 64.124
Kingdom of Belgium G 1.170 5/12/2121 EUR 45.909
UBS AG/London 1.600 4/18/2049 EUR 70.438
Single Platform Inve 0.840 6/20/2043 EUR 59.714
Societe Nationale SN 1.400 5/18/2120 EUR 44.201
Kardan NV 6.325 2/21/2021 ILS #N/A N/A
Grand City Propertie 2.500 6/27/2039 EUR 60.776
Malta Government Bon 1.000 8/23/2035 EUR 74.970
Eurohold Bulgaria AD 8.000 12/29/2026 EUR 65.706
Pfandbriefzentrale d 0.020 1/30/2040 CHF 73.092
MMC Norilsk Nickel O 4.100 4/11/2023 USD 60.184
Single Platform Inve 0.754 9/20/2039 EUR 62.816
Caisse Francaise de 0.010 10/19/2035 EUR 68.620
Department of Girond 0.846 4/29/2039 EUR 70.970
Credit Suisse Group 2.455 7/4/2034 EUR 67.204
Virgolino de Oliveir 10.500 1/28/2018 USD 0.499
Barclays Bank PLC 1.580 4/12/2039 EUR 67.500
Romanian Government 4.625 4/3/2049 EUR 74.605
Nederlandse Watersch 0.877 6/24/2054 EUR 63.654
Region de Bruxelles- 0.592 12/10/2061 EUR 47.728
Bayerische Landesban 3.180 2/16/2038 EUR 70.264
Kreditanstalt fuer W 1.270 6/29/2051 EUR 72.759
Ukraine Government I 9.790 5/26/2027 UAH 55.201
DZ Bank AG Deutsche 1.000 2/13/2042 EUR 70.272
Ukraine Government I 16.000 5/24/2023 UAH 59.375
Nomura Bank Internat 1.138 12/19/2039 EUR 57.524
Pescanova SA 5.125 4/20/2017 EUR 0.319
Pongs & Zahn AG 8.500 11/1/2014 EUR 0.152
Ile-de-France Mobili 1.586 2/23/2052 EUR 74.263
Mercedes-Benz Manufa 1.500 3/16/2027 HUF 63.000
Morhomes PLC 2.508 2/19/2051 GBP 63.141
Bayerische Landesban 2.250 10/17/2033 EUR 69.145
Societe Centrale des 2.500 5/15/2023 EUR 6.780
State of Bremen 0.936 9/28/2046 EUR 68.451
BPCE SA 0.500 10/21/2034 EUR 74.284
ING Bank NV 0.465 4/21/2041 EUR 66.688
Single Platform Inve 0.835 10/14/2061 EUR 48.390
Ile-de-France Mobili 1.200 4/8/2050 EUR 66.715
Agrokor dd 9.875 5/1/2019 EUR 15.000
BCP V Modular Servic 6.750 11/30/2029 EUR 72.450
EnBW International F 2.080 1/21/2041 EUR 74.414
Bank Gospodarstwa Kr 2.000 11/3/2036 EUR 70.544
Kommunekredit 0.869 11/12/2043 SEK 65.383
Romanian Government 1.375 12/2/2029 EUR 73.447
Centre Hospitalier R 0.800 6/28/2041 EUR 67.096
Banco Espirito Santo 10.000 12/6/2021 EUR 0.110
VTB Bank PJSC Via VT 9.500 USD 6.000
Single Platform Inve 1.610 2/15/2043 EUR 72.829
Kingdom of Belgium G 0.459 7/23/2079 EUR 34.106
Credit Agricole Corp 1.550 9/8/2031 AUD 72.015
State of Saarland 0.500 3/15/2051 EUR 59.005
Credit Bank of Mosco 4.700 1/29/2025 USD 19.142
Nederlandse Watersch 1.900 1/31/2035 AUD 69.532
Autonomous Community 1.255 10/31/2048 EUR 61.745
Deutsche Bank AG 1.750 10/30/2028 USD 72.900
SunDell Estate Nyrt 3.250 11/12/2030 HUF 68.000
Kelag-Kaerntner Elek 1.150 4/16/2041 EUR 68.745
Premium Green PLC 1.050 9/15/2035 EUR 73.023
Banco Santander SA 2.210 3/12/2031 USD 73.196
Flamingo Lux II SCA 5.000 3/31/2029 EUR 74.379
Pfandbriefbank schwe 0.250 10/6/2042 CHF 73.792
Virgolino de Oliveir 10.875 1/13/2020 USD 36.000
BPCE SA 2.250 3/13/2040 AUD 48.290
Single Platform Inve 0.930 7/2/2041 EUR 63.427
Muenchener Hypotheke 0.420 12/10/2035 EUR 66.065
Republic of Ireland 1.250 10/8/2121 EUR 59.392
MMC Norilsk Nickel O 2.800 10/27/2026 USD 51.356
Credit Bank of Mosco 7.121 6/25/2024 USD 22.717
Intelsat Jackson Hol 8.500 10/15/2024 USD 0.486
Single Platform Inve 0.833 2/15/2041 EUR 61.950
Erdoel-Lagergesellsc 1.200 6/4/2043 EUR 73.521
Barclays Bank PLC 13.810 4/16/2024 TRY 74.894
Junta de Castilla y 1.270 10/31/2044 EUR 66.769
Societe Generale SA 21.000 2/2/2023 USD 56.760
Single Platform Inve 0.363 2/15/2041 EUR 55.972
DekaBank Deutsche Gi 7.650 3/10/2023 EUR 33.470
Bulgaria Steel Finan 12.000 5/4/2013 EUR 0.216
Rena GmbH 8.250 7/11/2018 EUR 0.059
Lloyds Bank PLC 0.500 7/26/2028 MXN 56.060
Erotik-Abwicklungsge 7.750 7/9/2019 EUR 0.779
Steilmann SE 7.000 9/23/2018 EUR 1.429
Vontobel Financial P 7.500 12/23/2022 USD 53.470
Credit Agricole Corp 1.120 11/21/2034 EUR 72.023
CDC Habitat SEM 0.814 2/15/2040 EUR 61.237
Romanian Government 3.375 2/8/2038 EUR 68.908
Nostrum Oil & Gas Fi 7.000 2/16/2025 USD 25.383
Air Berlin Finance B 8.500 3/6/2019 EUR 0.381
SAir Group 2.125 11/4/2004 CHF 12.350
Spain Government Bon 0.850 7/30/2037 EUR 72.292
Agence France Locale 2.550 3/20/2036 AUD 72.705
Virgolino de Oliveir 10.875 1/13/2020 USD 36.000
Turkey Government In 4.875 4/16/2043 USD 63.986
Societe Generale SA 9.250 9/16/2024 USD 31.200
Communaute Francaise 1.040 7/19/2101 EUR 52.129
Banque Federative du 1.590 2/5/2031 USD 72.184
Caisse des Depots et 1.015 7/22/2050 EUR 69.083
Kreditanstalt fuer W 0.890 3/10/2041 EUR 72.466
Credito Padano Banca 3.100 EUR 34.598
Cimpress PLC 7.000 6/15/2026 USD 68.235
Credit Suisse AG/Lon 5.100 6/8/2041 USD 72.389
Transmission Finance 2.701 10/16/2037 EUR 73.487
Slovenska Sporitelna 4.820 EUR 71.997
CPI Hungary Investme 2.250 8/7/2030 HUF 51.000
Phones4u Finance PLC 9.500 4/1/2018 GBP 74.938
DNB Boligkreditt AS 0.980 6/20/2044 EUR 69.846
Getin Noble Bank SA 12.320 3/31/2023 PLN 39.955
MS Deutschland Betei 6.875 12/18/2017 EUR 0.211
Raiffeisenlandesbank 0.500 1/22/2035 EUR 74.737
SAir Group 0.125 7/7/2005 CHF 12.375
National Grid Electr 1.608 8/24/2040 GBP 58.594
Region Bretagne SCI 0.544 12/7/2036 EUR 71.728
National Grid Electr 2.020 3/12/2032 AUD 72.857
National Grid Electr 1.151 2/20/2040 EUR 63.058
Single Platform Inve 0.700 9/20/2041 EUR 58.829
BNP Paribas SA 1.271 1/2/2024 USD 43.500
Single Platform Inve 0.915 2/15/2043 EUR 62.371
SAir Group 5.500 7/23/2003 CHF 12.345
Centre Hospitalier R 1.500 4/27/2050 EUR 72.169
Odea Bank AS 8.606 8/1/2027 USD 59.538
Credit Suisse AG/Lon 0.875 5/21/2031 EUR 71.692
A-TEC Industries AG 8.750 10/27/2014 EUR 0.100
NET4GAS sro 2.750 7/17/2025 CZK 74.599
OGX Austria GmbH 8.500 6/1/2018 USD 0.002
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
BPCE SFH SA 1.229 4/12/2049 EUR 71.362
Grenke Finance PLC 2.040 4/16/2029 EUR 65.640
Novolipetsk Steel Vi 4.500 6/15/2023 USD 61.652
Finance and Credit B 9.250 1/25/2019 USD 0.001
Communaute Francaise 1.581 1/23/2120 EUR 55.009
Region Wallonne Belg 1.225 9/2/2120 EUR 42.848
United Kingdom Gilt 1.625 10/22/2071 GBP 67.364
Single Platform Inve 1.080 5/25/2066 EUR 50.571
PIK Securities DAC 5.625 11/19/2026 USD 33.200
Communaute Francaise 1.380 11/7/2046 EUR 68.840
SG Issuer SA 0.263 2/20/2025 EUR 19.990
Italy Buoni Polienna 1.700 9/1/2051 EUR 65.134
Vajda-Papir Gyarto K 3.500 5/17/2031 HUF 70.900
Societe Generale SA 2.420 5/27/2031 USD 73.570
State of Mecklenburg 0.239 11/17/2070 EUR 41.653
GTC Magyarorszag Zrt 2.250 12/7/2030 HUF 66.590
Alpine Holding GmbH 5.250 6/10/2016 EUR 3.159
Credit Suisse AG/Lon 4.450 6/28/2023 USD 8.980
Bpifrance SACA 1.046 5/25/2050 EUR 62.793
Elli Finance UK PLC 8.750 6/15/2019 GBP 62.279
Landesbank Baden-Wue 1.300 6/21/2049 EUR 56.556
VTB Bank OJSC Via VT 6.250 6/30/2035 USD 21.403
Getin Noble Bank SA 12.650 4/28/2023 PLN 35.965
Banco Santander SA 3.764 12/7/2033 AUD 74.496
Ukraine Government I 9.990 5/22/2024 UAH 51.591
Caisse des Depots et 0.398 12/15/2050 EUR 56.461
Bayerische Landesban 0.400 7/15/2031 EUR 73.466
Region Hauts-de-Fran 0.402 2/18/2043 EUR 59.045
UBS AG/London 5.000 1/9/2023 USD 52.100
Getin Noble Bank SA 11.720 11/30/2023 PLN 23.875
Romanian Government 2.750 4/14/2041 EUR 58.329
Single Platform Inve 1.220 4/1/2039 EUR 68.771
Banco Santander SA 0.010 10/1/2032 EUR 66.461
Landesbank Hessen-Th 0.700 11/2/2034 EUR 68.429
Landesbank Hessen-Th 0.500 12/6/2034 EUR 71.100
Caixa Economica Mont 5.000 EUR 52.250
Alfa Bank AO Via Alf 5.500 10/26/2031 USD 3.670
UniCredit Bank Austr 0.150 4/29/2033 EUR 74.810
Ukraine Government I 15.970 4/19/2023 UAH 60.775
Depfa Funding III LP 2.056 EUR 52.830
BNP Paribas SA 0.500 9/29/2029 AUD 68.791
Malta Government Bon 2.400 8/13/2052 EUR 72.880
Raiffeisen Switzerla 7.050 5/22/2023 EUR 53.570
Aareal Bank AG 1.576 2/23/2032 EUR 69.457
HSE Finance Sarl 7.512 10/15/2026 EUR 61.266
Ville de Paris 0.963 12/6/2051 EUR 58.319
Bayerische Landesban 0.450 2/12/2031 EUR 74.420
Raiffeisen Schweiz G 8.340 3/7/2023 EUR 59.900
Landesbank Baden-Wue 4.734 2/20/2034 EUR 73.740
UBS AG/London 17.040 5/26/2027 SEK 66.750
Rusal Capital DAC 4.850 2/1/2023 USD 43.189
Credit Agricole SA 3.750 6/9/2040 AUD 64.301
Hemso Fastighets AB 2.615 11/30/2043 EUR 62.585
Unibail-Rodamco-West 2.000 12/5/2033 EUR 74.326
Kommunekredit 0.375 2/3/2045 DKK 61.263
Getin Noble Bank SA 12.290 7/28/2023 PLN 29.965
Landesbank Hessen-Th 1.150 11/24/2036 EUR 69.596
Ministeries Van de V 0.400 11/20/2043 EUR 59.162
Willhem AB 1.824 10/18/2038 SEK 65.786
Eurotorg LLC Via Bon 9.000 10/22/2025 USD 54.897
Deutsche Pfandbriefb 0.857 9/18/2037 EUR 50.332
Turkey Government In 6.000 1/14/2041 USD 71.665
SG Issuer SA 0.600 3/7/2033 EUR 72.433
Credit Bank of Mosco 7.625 USD 15.433
Agence France Locale 0.570 9/20/2040 EUR 67.737
Hungary Government B 3.000 4/25/2041 HUF 53.263
Deutsche Bank AG 1.725 1/16/2045 EUR 44.789
Sveriges Sakerstalld 1.378 7/13/2046 SEK 67.855
Takarek Mortgage Ban 5.750 5/27/2032 HUF 65.360
Landesbank Baden-Wue 3.480 2/24/2023 EUR 50.050
Republic of Ireland 0.995 2/24/2121 EUR 49.533
Ville de Paris 0.850 8/4/2051 EUR 59.513
Nykredit Realkredit 1.182 1/17/2034 EUR 68.745
BNG Bank NV 0.630 7/11/2067 EUR 50.745
Bulgaria Government 1.375 9/23/2050 EUR 57.134
Grand Delta Habitat 1.500 9/1/2049 EUR 63.343
Societe Generale SA 21.000 12/23/2022 USD 29.200
State of Lower Austr 0.550 11/13/2080 EUR 36.130
Vajda-Papir Gyarto K 3.500 11/16/2030 HUF 65.500
Eurogrid GmbH 0.875 11/20/2040 EUR 66.268
Ukraine Government I 9.840 2/15/2023 UAH 59.375
Region of Centre-Val 0.712 12/3/2039 EUR 68.289
Intelsat Jackson Hol 9.750 7/15/2025 USD 0.486
HSBC Continental Eur 1.140 8/26/2049 EUR 61.787
Agence France Locale 0.330 12/20/2040 EUR 64.118
DekaBank Deutsche Gi 1.100 11/25/2030 EUR 72.402
Raiffeisen Bank Inte 0.370 2/3/2033 EUR 63.058
Solon SE 1.375 12/6/2012 EUR 0.745
Societe Generale SA 18.000 11/2/2023 USD 9.900
Caisse des Depots et 1.050 9/27/2049 EUR 69.802
Credit Suisse AG/Lon 1.352 4/8/2034 EUR 72.536
Depfa Funding II LP 6.500 EUR 57.625
Mox Telecom AG 7.250 11/2/2017 EUR 2.270
Leonteq Securities A 3.500 1/10/2023 EUR 15.660
DZ Bank AG Deutsche 0.530 7/26/2033 EUR 69.916
Landesbank Hessen-Th 4.734 2/11/2037 EUR 66.600
Landesbank Baden-Wue 1.600 4/3/2039 EUR 71.390
Landesbank Hessen-Th 1.500 11/17/2036 EUR 66.900
Single Platform Inve 0.800 12/20/2040 EUR 62.294
Centre Hospitalier U 1.160 9/6/2039 EUR 59.955
Societe Generale SA 10.000 8/3/2023 USD 66.000
Assistance Publique 0.490 9/30/2040 EUR 63.994
Jain International T 7.125 2/1/2022 USD 21.799
Getin Noble Bank SA 12.300 8/31/2023 PLN 45.520
Landesbank Hessen-Th 2.000 11/25/2036 EUR 66.000
Agence France Locale 0.210 12/20/2035 EUR 70.666
Intesa Sanpaolo Bank 3.102 11/19/2035 AUD 65.342
Societe Wallonne de 0.883 11/21/2044 EUR 61.019
Erste Group Bank AG 0.770 11/13/2033 EUR 70.033
Gecci Investment KG 6.000 10/1/2027 EUR 37.552
SiC Processing GmbH 7.125 3/1/2016 EUR 0.784
Bilt Paper BV 10.360 USD 1.399
Single Platform Inve 0.656 9/20/2050 EUR 49.534
Heimstaden Bostad AB 2.800 5/4/2035 EUR 67.113
Takarek Mortgage Ban 1.750 12/22/2026 HUF 65.140
Virgolino de Oliveir 11.750 2/9/2022 USD 0.499
Orient Express Bank 2.000 USD 19.402
UBS AG/London 7.500 6/22/2023 USD 70.050
Ville de Paris 1.165 6/9/2053 EUR 61.820
Single Platform Inve 0.901 2/15/2041 EUR 64.047
Societe Generale SA 15.140 7/16/2024 USD 27.000
Credit Suisse AG/Lon 4.530 7/12/2023 USD 8.520
Barclays Bank PLC 2.070 12/18/2035 USD 63.648
Landesbank Hessen-Th 9.468 9/21/2033 EUR 74.600
Futureal Development 3.500 11/16/2036 HUF 47.000
Credit Agricole Corp 2.400 5/17/2048 EUR 57.925
Credit Suisse AG/Lon 1.000 12/20/2027 EUR 2.910
Region de Bruxelles- 0.765 7/15/2052 EUR 55.285
Deutsche Wohnen SE 2.125 9/26/2033 EUR 72.573
Nationwide Building 0.485 7/11/2044 CHF 73.495
Purple Protected Ass 2.085 10/27/2060 EUR 59.832
Polyus Finance PLC 5.250 2/7/2023 USD 48.191
Societe Du Grand Par 0.576 10/29/2052 EUR 50.585
Hemso Fastighets AB 1.130 10/31/2039 EUR 67.178
HSBC Continental Eur 1.410 12/12/2039 EUR 71.402
Comunidad Foral de N 0.550 10/22/2035 EUR 72.321
Credit Suisse AG/Lon 6.250 10/31/2025 USD 9.010
Communaute Francaise 0.788 8/30/2049 EUR 57.339
Purple Protected Ass 1.580 5/25/2060 EUR 53.203
Societe Generale SA 15.760 8/13/2026 USD 53.800
DekaBank Deutsche Gi 3.970 2/9/2023 EUR 40.330
HPI AG 3.500 EUR 0.400
Ukraine Government I 7.750 9/1/2025 USD 24.912
Ukraine Government I 7.750 9/1/2027 USD 22.565
Sairgroup Finance BV 6.625 10/6/2010 EUR 1.964
Single Platform Inve 3.505 8/6/2046 AUD 65.071
Elecnor SA 3.025 9/30/2035 EUR 70.552
BNP Paribas SA 1.275 10/2/2023 USD 23.540
Department of Loiret 0.915 11/23/2043 EUR 65.744
Erste Group Bank AG 7.000 12/1/2022 EUR 62.500
Barclays Bank PLC 2.000 12/21/2029 USD 73.423
Kingdom of Belgium G 2.750 6/10/2071 USD 69.213
Ukraine Government B 3.900 10/5/2023 USD 56.543
Credit Suisse AG/Lon 2.302 4/8/2037 EUR 71.935
Credit Suisse AG/Lon 2.100 3/31/2031 USD 67.878
Getin Noble Bank SA 12.650 4/29/2024 PLN 22.775
Credit Agricole Corp 14.280 11/5/2026 TRY 62.883
Royal Schiphol Group 2.890 10/25/2034 AUD 70.311
UBS AG/London 4.520 9/7/2023 USD 9.204
BNP Paribas Issuance 4.360 12/14/2022 EUR 69.710
Landesbank Baden-Wue 0.500 11/25/2030 EUR 74.983
CDC Habitat SEM 1.170 5/4/2037 EUR 68.185
Wirtschafts- und Inf 0.200 12/2/2043 EUR 58.126
DekaBank Deutsche Gi 5.970 2/9/2023 EUR 40.410
Region Bretagne SCI 0.815 6/12/2040 EUR 68.828
Kreditanstalt fuer W 0.689 6/18/2040 EUR 72.428
Kommunekredit 1.336 10/1/2032 AUD 71.520
City of Lausanne Swi 0.230 11/1/2060 CHF 55.169
Sberbank of Russia V 5.250 5/23/2023 USD 6.524
RENE LEZARD Mode Gmb 7.250 11/25/2017 EUR 0.500
ABN AMRO Bank NV 2.295 9/21/2026 EUR 20.000
La Banque Postale Ho 0.640 1/27/2042 EUR 69.033
Landesbank Hessen-Th 1.650 5/27/2030 EUR 4.938
Single Platform Inve 1.370 7/25/2053 EUR 62.514
Hamburgische Investi 0.380 2/24/2042 EUR 65.286
Saechsische Aufbauba 0.300 2/18/2042 EUR 61.441
Societe Generale SA 11.000 8/16/2024 USD 17.650
Polyus Finance PLC 3.250 10/14/2028 USD 48.616
Hemso Fastighets AB 0.473 2/18/2030 EUR 69.831
Societe Generale SA 16.000 10/3/2024 USD 8.550
Luzerner Kantonalban 0.250 8/28/2040 CHF 74.740
Ville de Paris 0.758 8/20/2060 EUR 46.739
Vasakronan AB 1.770 10/26/2033 NOK 69.518
Free State of Saxony 0.400 5/12/2036 EUR 73.787
Department of Loiret 0.478 10/30/2040 EUR 63.694
BNP Paribas SA 2.840 8/26/2039 AUD 56.936
State of Hesse 0.227 8/20/2049 EUR 55.945
United Kingdom Gilt 0.500 10/22/2061 GBP 43.786
Batigere Grand Est S 1.400 8/31/2050 EUR 59.852
Bibby Offshore Servi 7.500 6/15/2021 GBP 11.625
Heta Asset Resolutio 1.136 12/31/2023 EUR 0.017
Russian Railways JSC 13.630 4/29/2043 RUB 55.010
DAH Holding GmbH 7.250 9/28/2018 EUR 0.718
Cie de Financement F 0.975 8/11/2046 EUR 69.574
Raiffeisen Switzerla 7.050 5/23/2023 CHF 53.120
Barclays Bank PLC 2.975 2/21/2025 USD 8.978
Single Platform Inve 1.060 4/1/2042 EUR 64.983
VTB Bank PJSC 5.000 USD 54.500
UBS Group AG 2.370 2/25/2036 USD 66.181
Nitrogenmuvek Vegyip 7.000 5/14/2025 EUR 70.022
Caisse Francaise de 1.093 10/14/2051 EUR 69.085
Societe Generale SA 2.480 7/17/2040 USD 51.237
BNG Bank NV 0.632 7/12/2066 EUR 51.412
Societe Generale SA 3.300 7/8/2034 AUD 70.774
Landesbank Hessen-Th 0.800 2/26/2035 EUR 68.580
Region Wallonne Belg 1.135 10/10/2069 EUR 53.986
Getin Noble Bank SA 11.290 7/26/2024 PLN 34.875
Ministeries Van de V 0.634 11/19/2060 EUR 44.651
Batigere Grand Est S 1.600 11/14/2039 EUR 68.980
HOCHTIEF AG 2.300 4/26/2034 EUR 66.823
Societe Nationale SN 3.190 4/19/2041 AUD 73.337
Kommunekredit 2.200 9/27/2041 AUD 64.675
Basque Government 1.750 4/22/2050 EUR 69.564
Cattles Ltd 8.125 7/5/2017 GBP 0.027
Single Platform Inve 1.085 6/20/2050 EUR 57.561
State of Lower Austr 0.460 10/8/2049 EUR 54.675
Rosbank PJSC 0.030 4/30/2024 RUB 60.050
UkrLandFarming PLC 10.875 3/26/2018 USD 1.442
Agrokor dd 9.125 2/1/2020 EUR 15.000
New World Resources 4.000 10/7/2020 EUR 0.312
Region Wallonne Belg 1.150 9/2/2120 EUR 40.538
Zurcher Kantonalbank 12.000 2/16/2023 USD 62.150
Ukraine Government I 8.994 2/1/2026 USD 23.775
Region Provence-Alpe 0.753 1/5/2037 EUR 74.061
Kuntarahoitus Oyj 0.815 2/24/2061 EUR 63.715
Muenchener Hypotheke 0.550 2/18/2046 CHF 61.135
Hemso Fastighets AB 2.680 7/10/2035 AUD 65.709
CDC Habitat SEM 1.150 4/30/2037 EUR 67.954
United Kingdom Gilt 0.625 10/22/2050 GBP 51.418
Credit Suisse AG/Lon 9.000 3/23/2023 USD 59.070
City of Zurich Switz 0.400 11/21/2046 CHF 74.583
Single Platform Inve 0.785 3/20/2039 EUR 64.035
Sibur Securities DAC 3.450 9/23/2024 USD 57.671
Erste Group Bank AG 7.500 11/29/2024 EUR 59.950
Wirtschafts- und Inf 0.170 12/9/2041 EUR 63.534
Region Auvergne-Rhon 0.543 9/28/2036 EUR 71.371
Assistance Publique 1.665 4/10/2049 EUR 73.281
Free and Hanseatic C 1.095 6/13/2046 EUR 71.326
Credit Suisse AG/Lon 4.700 7/1/2046 AUD 74.694
A-TEC Industries AG 2.750 5/10/2014 EUR 0.100
City of St Gallen 0.140 9/16/2044 CHF 71.471
Deutsche Bank AG 2.825 2/25/2043 EUR 71.664
Caisse des Depots et 2.700 4/28/2041 AUD 68.353
Credit Suisse AG/Lon 4.460 7/26/2023 USD 9.190
Kommunalkredit Austr 1.055 10/6/2031 EUR 73.494
Landesbank Hessen-Th 0.650 10/6/2031 EUR 74.401
UBS AG 9.000 3/31/2023 USD 50.100
Bayer Construct Epit 3.700 10/21/2031 HUF 66.340
Alfa Bank AO Via Alf 5.900 USD 4.396
Societe Du Grand Par 1.149 4/8/2069 EUR 57.682
BNP Paribas SA 3.580 7/23/2040 AUD 74.910
Grand City Propertie 2.800 2/25/2039 EUR 64.072
Kingdom of Belgium G 0.558 9/24/2077 EUR 37.759
Region Wallonne Belg 0.150 5/10/2035 EUR 69.834
Swissgrid AG 0.125 6/30/2036 CHF 74.869
Autonomous Community 0.810 10/31/2040 EUR 64.548
ABN AMRO Bank NV 0.450 12/12/2036 EUR 71.697
Bayerische Landesban 0.900 11/29/2035 EUR 65.040
CDC Habitat SEM 1.060 5/22/2036 EUR 67.951
Region de Bruxelles- 1.500 6/22/2070 EUR 66.575
SG Issuer SA 1.050 11/20/2025 EUR 18.350
Landesbank Hessen-Th 1.000 11/29/2034 EUR 70.900
Agrokor dd Via Aquar 4.921 8/8/2017 EUR 14.625
Russian Railways JSC 14.680 10/11/2038 RUB 55.010
Deutsche Pfandbriefb 0.500 7/23/2029 EUR 71.930
Erste Group Bank AG 5.250 11/30/2022 EUR 52.400
Societe Generale SA 7.010 8/1/2023 USD 73.740
Ideal Standard Inter 6.375 7/30/2026 EUR 48.731
Single Platform Inve 1.442 7/25/2053 EUR 64.244
Barclays Bank PLC 3.130 4/9/2051 USD 69.404
Societe Generale SA 16.000 8/1/2024 USD 16.150
Region de Bruxelles- 1.144 1/14/2056 EUR 59.753
Polyus Finance PLC 4.700 1/29/2024 USD 47.725
Sibur Holding PAO 1.500 10/1/2032 USD 46.000
Thomas Cook Group PL 6.250 6/15/2022 EUR 0.188
Grupo Isolux Corsan 1.000 12/30/2021 EUR 0.157
Region Provence-Alpe 0.394 9/1/2036 EUR 70.610
DekaBank Deutsche Gi 4.630 12/16/2022 EUR 72.700
Romanian Government 3.500 4/3/2034 EUR 73.471
Kreditanstalt fuer W 0.826 10/22/2041 EUR 73.413
UBS AG 9.000 4/20/2023 USD 25.000
Hypo Vorarlberg Bank 1.520 7/8/2050 EUR 63.021
LP Portfolio Vagyonk 3.400 9/23/2031 HUF 56.200
Luzerner Kantonalban 10.120 12/23/2022 CHF 9.000
Nordea Bank Abp 3.050 7/20/2027 SEK 70.900
Ukraine Government I 4.375 1/27/2032 EUR 19.475
Rusal Capital DAC 5.300 5/3/2023 USD 40.465
Landesbank Hessen-Th 0.800 11/26/2035 EUR 66.850
Hungary Government I 3.125 9/21/2051 USD 59.682
Autonomous Community 1.138 11/22/2052 EUR 55.663
Caisse Francaise de 0.510 11/19/2040 EUR 66.526
State of Lower Austr 0.585 10/11/2049 EUR 56.968
Landesbank Baden-Wue 0.900 11/22/2034 EUR 66.279
Sibur Securities DAC 4.125 10/5/2023 USD 59.728
LP Portfolio Vagyonk 2.800 11/30/2030 HUF 60.950
UBS AG 7.000 5/1/2024 USD 67.000
State of Rhineland-P 0.375 7/20/2048 EUR 58.903
Skandinaviska Enskil 10.150 1/15/2025 SEK 62.730
Rosbank PJSC 0.010 4/30/2024 RUB 60.050
Officine Maccaferri- 5.750 6/1/2021 EUR 17.672
Gold-Zack AG 7.000 12/14/2005 EUR 1.650
Wirtschafts- und Inf 0.060 8/31/2034 EUR 71.052
Ville de Paris 1.293 2/22/2049 EUR 69.630
Jain International T 7.125 3/31/2026 USD 27.543
Landesbank Saar 0.760 5/8/2034 EUR 71.663
Ile-de-France Mobili 1.000 12/2/2043 EUR 68.388
Societe Generale SA 14.400 12/14/2023 USD 28.600
Caisse des Depots et 0.859 3/2/2041 EUR 70.482
Single Platform Inve 1.235 12/20/2050 EUR 60.148
Single Platform Inve 1.013 12/20/2050 EUR 54.851
Communaute Francaise 0.782 2/8/2061 EUR 48.993
Raiffeisen Centroban 11.819 3/22/2023 EUR 73.800
Caisse des Depots et 2.766 8/9/2049 USD 69.084
Santander Internatio 1.150 4/8/2041 EUR 64.397
Ministeries Van de V 1.095 6/3/2055 EUR 59.267
TransFin-M PAO 9.400 2/4/2027 RUB 61.000
MOL Hungarian Oil & 1.100 9/22/2030 HUF 47.000
Bulgaria Government 0.375 9/23/2030 EUR 73.974
State of Rhineland-P 0.600 10/24/2046 EUR 62.747
Department of Girond 0.412 11/26/2037 EUR 68.144
Chelyabinsk Pipe Pla 4.500 9/19/2024 USD 16.665
Getin Noble Bank SA 11.300 8/30/2024 PLN 37.876
Ministeries Van de V 0.600 11/19/2055 EUR 45.922
Caisse des Depots et 0.913 11/20/2050 EUR 66.365
Deutsche Wohnen SE 1.700 12/5/2036 EUR 69.342
LR Realkredit AS 0.500 10/1/2050 DKK 68.883
Pescanova SA 6.750 3/5/2015 EUR 0.319
Land Berlin 0.500 6/19/2047 EUR 63.167
BPCE SA 1.920 12/9/2030 AUD 66.707
Novolipetsk Steel Vi 4.000 9/21/2024 USD 60.481
Hungary Government B 4.000 4/28/2051 HUF 55.963
Region of Pays de la 0.570 3/10/2036 EUR 73.549
Societe Generale SA 2.630 3/2/2036 USD 62.292
Region Auvergne-Rhon 0.650 5/18/2038 EUR 70.125
Societe Nationale SN 2.910 1/27/2051 AUD 66.217
Centre Hospitalier B 0.950 2/5/2041 EUR 56.171
Single Platform Inve 0.830 9/6/2041 EUR 61.462
Region Occitanie 0.766 10/7/2041 EUR 66.230
Region Wallonne Belg 1.220 6/12/2050 EUR 64.040
InterCement Financia 5.750 7/17/2024 USD 69.297
International Financ 0.500 6/29/2027 ZAR 66.549
ABN AMRO Bank NV 1.171 4/4/2044 EUR 71.725
Region de Bruxelles- 1.528 4/5/2049 EUR 71.216
Department of L'Eure 1.110 6/18/2039 EUR 74.121
getgoods.de AG 7.750 10/2/2017 EUR 0.527
Deutsche Wohnen SE 1.250 7/31/2031 EUR 74.259
Norske Skogindustrie 7.125 10/15/2033 USD 0.010
Single Platform Inve 1.340 6/20/2041 EUR 70.419
Pfandbriefbank schwe 0.250 4/25/2042 CHF 74.083
BNP Paribas SA 1.300 1/28/2037 EUR 70.443
Vasakronan AB 3.300 1/14/2042 AUD 64.853
Banco Santander SA 3.600 11/5/2033 AUD 73.369
Caisse des Depots et 3.000 11/8/2051 AUD 67.950
Credit Suisse AG/Lon 9.000 11/28/2022 USD 38.790
Batigere Grand Est S 1.500 12/15/2051 EUR 63.083
Societe Generale SA 20.000 12/18/2025 USD 32.500
State of North Rhine 0.950 1/10/2121 EUR 47.319
Ukraine Government B 4.000 1/25/2024 USD 47.088
Turkiye Ihracat Kred 12.540 9/14/2028 TRY 49.899
Autonomous Community 1.515 6/21/2051 EUR 64.665
Single Platform Inve 1.200 11/1/2040 EUR 66.487
Agence Francaise de 0.537 7/16/2040 EUR 69.850
Cordia International 3.000 7/27/2030 HUF 57.000
Leonteq Securities A 13.000 11/30/2022 EUR 38.596
Single Platform Inve 0.740 4/1/2042 EUR 59.957
Landesbank Hessen-Th 1.000 10/14/2036 EUR 66.200
Batigere Grand Est S 1.550 11/14/2039 EUR 68.022
Single Platform Inve 0.559 2/15/2047 EUR 51.788
SG Issuer SA 2.910 10/29/2034 AUD 67.134
Zurcher Kantonalbank 20.000 1/18/2023 USD 68.050
LFA Foerderbank Baye 0.050 9/29/2034 EUR 72.519
Forras Vagyonkezeles 3.250 10/1/2030 HUF 68.580
Single Platform Inve 0.720 3/20/2051 EUR 51.149
Region de Bruxelles- 1.100 6/22/2066 EUR 56.757
Santander Internatio 1.365 1/28/2061 EUR 54.851
NRW Bank 0.106 8/17/2050 EUR 56.173
Landesbank Baden-Wue 1.080 7/16/2035 EUR 66.274
National Grid Electr 2.920 9/30/2044 AUD 66.084
Region Bretagne SCI 0.815 6/12/2040 EUR 68.828
Minicentrales Dos SA 0.010 6/6/2047 EUR 59.376
Steilmann SE 7.000 3/9/2017 EUR 1.429
Muenchener Hypotheke 0.886 3/26/2043 EUR 68.686
Polski Bank Spoldzie 10.850 9/14/2027 PLN 42.925
Russian Agricultural 8.500 10/16/2023 USD 13.414
Credit Suisse AG/Lon 3.110 3/3/2032 USD 71.014
Credit Suisse AG/Lon 10.500 12/27/2022 CHF 8.400
Hell Energy Magyaror 3.000 7/28/2031 HUF 65.900
Landesbank Saar 0.890 9/4/2034 EUR 72.131
Region of Centre-Val 0.822 5/12/2041 EUR 67.583
Banco Santander SA 1.000 1/14/2034 EUR 70.792
Muenchener Hypotheke 0.620 7/22/2033 EUR 69.751
Credit Suisse AG/Lon 8.000 6/28/2023 USD 9.620
Region Occitanie 0.728 11/16/2037 EUR 70.480
Corner Banca SA 14.000 3/27/2023 CHF 60.080
VTB Bank PJSC 3.750 EUR 50.000
SunDell Estate Nyrt 3.650 7/9/2031 HUF 69.500
4iG Nyrt 2.900 3/29/2031 HUF 68.510
BNP Paribas Emission 8.500 2/21/2023 USD 60.510
BNG Bank NV 0.562 6/7/2051 EUR 65.889
Norddeutsche Landesb 1.150 7/1/2036 EUR 67.930
Barclays Bank PLC 4.150 4/5/2039 AUD 71.818
Societe Generale SA 1.700 1/19/2031 USD 70.087
Eltex Kft 3.500 12/21/2028 HUF 69.600
Credit Agricole Corp 1.300 2/2/2061 EUR 53.353
Kingdom of Belgium G 0.650 6/22/2071 EUR 48.741
Portugal Obrigacoes 1.000 4/12/2052 EUR 57.919
Purple Protected Ass 1.598 2/5/2061 EUR 66.555
Credit Suisse AG/Lon 7.750 12/15/2022 CHF 34.170
Deutsche Pfandbriefb 4.120 11/3/2031 EUR 65.230
Landesbank Baden-Wue 0.750 8/12/2039 EUR 67.450
Cie de Financement F 0.900 7/18/2058 EUR 60.070
Landesbank Baden-Wue 1.000 8/12/2039 EUR 66.910
Region de Bruxelles- 1.225 6/21/2070 EUR 56.598
DZ Bank AG Deutsche 0.540 10/23/2031 EUR 74.289
Malta Government Bon 1.500 10/22/2045 EUR 65.690
Berlin Hyp AG 0.750 3/4/2050 EUR 64.878
Thomas Cook Finance 3.875 7/15/2023 EUR 1.474
Single Platform Inve 0.605 9/20/2042 EUR 57.403
Pfandbriefzentrale d 0.050 10/6/2043 CHF 69.392
Landesbank Hessen-Th 0.650 10/18/2034 EUR 67.955
Societe Generale SA 9.000 10/31/2034 USD 54.000
UniCredit Bank AG 1.120 5/14/2057 EUR 68.587
Deutsche Pfandbriefb 0.480 5/19/2031 EUR 64.889
Credit Suisse AG/Lon 2.000 9/30/2030 USD 68.946
Single Platform Inve 1.156 2/12/2041 EUR 65.909
Societe Generale SA 8.880 9/16/2024 USD 37.250
NatWest Markets PLC 1.250 12/4/2034 EUR 70.477
Societe Du Grand Par 1.923 5/25/2066 EUR 72.705
Slovenia Government 0.488 10/20/2050 EUR 49.667
SNCF Reseau 2.622 9/24/2049 USD 73.075
SAir Group 2.750 7/30/2004 CHF 12.350
Single Platform Inve 1.870 11/21/2044 EUR 71.160
SG Issuer SA 0.350 11/15/2023 EUR 26.890
Rosbank PJSC 0.020 4/30/2024 RUB 60.050
Pfandbriefzentrale d 0.200 5/22/2042 CHF 73.355
Assistance Publique 1.125 4/16/2047 EUR 65.614
Takarek Mortgage Ban 3.000 1/28/2036 HUF 43.330
Duna Aszfalt Ut Es M 2.990 10/17/2029 HUF 68.000
Lehman Brothers Trea 2.875 3/14/2013 CHF 0.100
Deutsche Bank AG 0.687 10/11/2049 EUR 50.960
Sequa Petroleum NV 5.000 4/29/2020 USD 30.250
Deutsche Bank AG 2.348 8/15/2034 EUR 71.764
Corner Banca SA 13.000 1/19/2023 USD 32.910
Kommunekredit 2.180 7/16/2040 AUD 64.756
Kuntarahoitus Oyj 1.220 3/27/2060 EUR 69.470
DZ Bank AG Deutsche 9.250 4/28/2023 EUR 42.760
Norddeutsche Landesb 0.900 12/8/2031 EUR 74.861
BNP Paribas SA 1.450 11/17/2041 EUR 67.688
MET Hungary Solar Pa 3.800 12/2/2031 HUF 68.100
Communaute Francaise 0.392 1/22/2041 EUR 60.441
Flextronics Internat 3.600 12/6/2031 HUF 58.000
Vontobel Financial P 6.000 3/24/2023 EUR 69.040
Caisse Francaise de 0.865 2/17/2042 EUR 70.554
Getin Noble Bank SA 12.110 12/21/2023 PLN 19.875
Landesbank Hessen-Th 0.800 9/29/2036 EUR 66.107
Deutsche Bank AG/Lon 2.200 4/14/2023 EUR 74.910
State of North Rhine 1.850 3/18/2089 EUR 69.503
Natixis SA 0.300 6/25/2048 USD 27.264
DZ Bank AG Deutsche 3.780 12/23/2022 EUR 72.720
Wirtschafts- und Inf 0.200 12/14/2045 EUR 56.560
VTB Bank PJSC 10.000 RUB 70.000
Landesbank Hessen-Th 0.350 5/27/2031 EUR 74.519
BNG Bank NV 0.772 8/5/2050 EUR 58.202
Republic of Austria 0.100 7/10/2040 EUR 64.419
Societe Generale SA 2.650 2/25/2030 USD 73.438
Hypo Tirol Bank AG 0.740 5/29/2040 EUR 69.038
DekaBank Deutsche Gi 2.200 3/24/2023 EUR 72.890
Kreditanstalt fuer W 1.267 3/22/2051 EUR 74.867
Getin Noble Bank SA 11.260 6/28/2024 PLN 24.876
Credit Suisse AG/Lon 2.500 7/23/2025 SEK 25.160
Banque Cantonale de 0.100 11/1/2044 CHF 66.344
DLR Kredit A/S 0.500 10/1/2053 DKK 69.094
Kreditanstalt fuer W 0.885 11/14/2039 EUR 73.959
State of Hesse 0.450 9/23/2044 EUR 62.758
Norddeutsche Landesb 0.850 12/7/2035 EUR 65.331
Landesbank Saar 0.650 11/19/2035 EUR 67.196
DekaBank Deutsche Gi 0.780 10/18/2035 EUR 68.665
Home Invest Belgium 1.850 1/15/2032 EUR 73.342
Region Wallonne Belg 1.000 9/16/2059 EUR 54.973
HSBC Bank PLC 0.500 6/23/2027 MXN 61.834
LFA Foerderbank Baye 0.250 9/30/2039 EUR 65.644
Takarek Mortgage Ban 2.600 10/22/2028 HUF 59.820
SCF Capital Designat 3.850 4/26/2028 USD 19.428
BPCE SA 2.614 3/4/2036 AUD 57.988
UniCredit Bank AG 5.300 4/8/2025 EUR 68.160
Italy Buoni Polienna 1.500 4/30/2045 EUR 65.454
Republic of Poland G 1.250 10/25/2030 PLN 66.484
Wirtschafts- und Inf 0.192 1/28/2042 EUR 60.635
NTRP Via Interpipe L 10.250 8/2/2017 USD 26.500
Ferrovie Luganesi SA 0.280 12/31/2044 CHF 68.626
Zurcher Kantonalbank 30.000 1/18/2023 USD 26.490
Region Auvergne-Rhon 1.150 4/8/2039 EUR 74.905
Hypo Vorarlberg Bank 1.590 8/25/2050 EUR 61.965
Harp Issuer PLC 1.400 2/14/2032 USD 66.975
Landesbank Baden-Wue 3.120 12/23/2022 EUR 66.230
JP Morgan Structured 11.000 12/30/2026 ZMW #N/A N/A
Ukraine Government B 16.000 3/13/2024 UAH 60.286
Landesbank Baden-Wue 4.000 8/22/2025 EUR 45.890
Malta Government Bon 1.200 5/13/2037 EUR 72.070
Landesbank Hessen-Th 0.530 11/4/2031 EUR 73.449
Region de Bruxelles- 0.444 3/19/2057 EUR 44.530
Landesbank Baden-Wue 4.100 12/23/2022 EUR 62.060
Hamburgische Investi 0.372 2/22/2041 EUR 66.329
Single Platform Inve 1.000 10/31/2040 EUR 64.116
Muenchener Hypotheke 1.692 11/6/2051 EUR 69.720
Single Platform Inve 0.815 4/1/2042 EUR 59.096
Slovenska Sporitelna 4.490 EUR 61.351
Nederlandse Watersch 0.955 2/13/2051 EUR 65.142
Wirtschafts- und Inf 0.450 12/1/2038 EUR 69.666
Banco Santander SA 0.790 9/30/2031 EUR 74.211
Alfa-Bank AO 10.200 2/10/2025 RUB 65.000
Banque International 0.800 12/22/2032 EUR 73.865
Barclays Bank PLC 2.700 3/26/2031 AUD 74.502
CB First Investment 8.000 EUR 70.614
Assistance Publique 1.099 4/6/2071 EUR 48.330
Single Platform Inve 1.051 4/1/2042 EUR 63.540
Bayerische Landesban 1.800 1/25/2036 EUR 74.154
Natixis SA 3.600 11/11/2041 AUD 66.828
Skandinaviska Enskil 8.520 1/15/2024 SEK 74.220
Societe Generale SA 2.050 2/18/2031 AUD 68.348
Credit Agricole Corp 1.900 1/15/2031 AUD 74.766
Caisse des Depots et 1.365 11/2/2051 EUR 74.592
TransFin-M PAO 9.150 2/4/2027 RUB 61.000
Kreditanstalt fuer W 0.980 6/28/2051 EUR 69.504
Region de Bruxelles- 0.750 6/24/2042 EUR 65.379
Bayerische Landesban 1.100 3/24/2023 EUR 73.380
Ministeries Van de V 0.875 6/3/2045 EUR 60.064
Grand City Propertie 2.600 2/25/2034 EUR 68.923
Single Platform Inve 1.650 6/3/2038 EUR 74.907
Assistance Publique 0.800 3/23/2046 EUR 61.326
Single Platform Inve 1.083 2/15/2041 EUR 64.967
Deutsche Bank AG/Lon 4.320 6/15/2037 AUD 72.977
Deutsche Pfandbriefb 0.613 9/30/2032 EUR 60.665
Getin Noble Bank SA 12.320 4/4/2024 PLN 32.635
Ville de Paris 0.760 5/25/2066 EUR 45.137
Credit Agricole Corp 0.650 11/5/2034 EUR 67.852
SBAB Bank AB 0.928 11/7/2034 SEK 74.278
Credit Suisse AG/Lon 20.000 11/29/2024 USD 11.229
National Grid Electr 2.226 12/19/2039 GBP 66.143
Kreditanstalt fuer W 1.115 5/17/2041 EUR 70.138
Landesbank Hessen-Th 1.370 9/22/2031 EUR 71.198
Societe Generale SA 1.100 2/20/2034 EUR 70.371
Erste Group Bank AG 0.100 9/30/2032 EUR 69.350
Municipality of Arnh 0.605 2/24/2040 EUR 70.435
EFG International Fi 4.900 11/24/2023 USD 50.120
Deutsche Apotheker-u 1.090 12/16/2039 EUR 63.700
Region de Bruxelles- 0.556 12/23/2064 EUR 43.172
Communaute Francaise 1.600 6/22/2047 EUR 73.405
BNG Bank NV 2.300 3/3/2036 AUD 71.550
Single Platform Inve 1.082 3/17/2039 EUR 66.940
Zurcher Kantonalbank 7.100 12/2/2022 USD 61.070
Assistance Publique 1.073 4/16/2045 EUR 66.706
Basque Government 2.000 4/30/2059 EUR 69.831
Hospices Civils de L 0.380 8/28/2030 EUR 74.733
BNP Paribas SA 1.125 11/5/2034 EUR 70.478
Lehman Brothers Trea 11.750 3/1/2010 EUR 0.100
Danske Bank A/S 0.910 10/17/2039 JPY 72.328
Landesbeteiligungen 1.450 6/15/2046 EUR 65.900
Landesbank Saar 0.842 1/24/2033 EUR 74.975
WEB Windenergie AG 4.000 12/17/2025 EUR 0.010
Dr Wiesent Sozial gG 7.000 EUR 0.002
Commerzbank AG 1.400 7/21/2031 EUR 73.043
Phosphorus Holdco PL 10.000 4/1/2019 GBP 1.386
Russian Railways JSC 13.630 10/15/2040 RUB 50.010
Deutsche Pfandbriefb 3.100 9/7/2046 USD 72.926
Caisse des Depots et 1.075 9/15/2050 EUR 70.178
Skandinaviska Enskil 7.520 7/15/2024 SEK 70.990
DZ Bank AG Deutsche 4.000 12/23/2022 EUR 65.120
Communaute Francaise 1.010 7/19/2051 EUR 59.542
STAVMAT Epitoanyag K 3.000 7/20/2031 HUF 64.600
VTB Bank PJSC 13.000 RUB 74.900
Single Platform Inve 0.810 4/1/2042 EUR 60.177
UniCredit Bank AG 0.610 5/2/2033 EUR 73.448
Sberbank of Russia P 0.010 2/4/2027 RUB 68.900
Single Platform Inve 1.120 7/25/2045 JPY 67.458
Landesbank Hessen-Th 1.750 2/16/2037 EUR 70.100
Landesbank Hessen-Th 9.468 11/16/2033 EUR 74.300
Santander Consumer B 8.100 NOK 56.499
Landesbank Hessen-Th 1.500 12/16/2036 EUR 69.900
Ville de Paris 0.831 2/23/2056 EUR 52.062
Wirtschafts- und Inf 0.650 2/8/2039 EUR 72.057
Zurcher Kantonalbank 22.500 12/20/2022 USD 66.780
Bayerische Landesban 1.716 1/8/2037 EUR 71.971
French Republic Gove 0.500 6/25/2044 EUR 65.363
Barclays Bank PLC 2.600 3/30/2031 AUD 73.844
Grenke Finance PLC 2.237 1/29/2029 EUR 72.710
Ukraine Government B 3.700 5/25/2023 USD 67.297
Bazalgette Finance P 0.074 5/16/2049 GBP 65.145
Vasakronan AB 0.950 3/22/2039 JPY 74.837
Vontobel Financial P 3.900 1/19/2023 EUR 58.060
BNP Paribas SA 1.660 3/4/2031 USD 71.277
CDC Habitat SEM 0.853 2/15/2041 EUR 61.189
Bayerische Landesban 0.350 12/23/2030 EUR 74.653
Wirtschafts- und Inf 0.400 11/23/2039 EUR 67.861
Raiffeisenlandesbank 0.998 11/4/2033 EUR 73.065
Santander Internatio 1.320 8/8/2039 EUR 68.095
Credit Suisse AG/Lon 18.300 8/1/2023 USD 18.500
NRW Bank 1.400 3/19/2070 EUR 68.919
FLUVIUS System Opera 0.810 4/8/2033 EUR 72.362
Assistance Publique 0.647 7/17/2040 EUR 66.438
ASCE Group OJSC 7.000 6/11/2031 USD 71.786
Assistance Publique 0.750 11/30/2039 EUR 68.614
Kommunalkredit Austr 0.570 9/15/2037 EUR 69.073
Agence Francaise de 2.114 9/8/2034 AUD 72.247
Landesbank Hessen-Th 1.600 6/12/2035 EUR 72.300
Kreditanstalt fuer W 0.613 6/10/2040 EUR 67.251
Kreditanstalt fuer W 1.208 6/17/2051 EUR 74.969
NORD/LB Luxembourg S 0.542 9/30/2037 EUR 69.343
Getin Noble Bank SA 11.250 5/31/2024 PLN 36.016
Getin Noble Bank SA 12.300 1/31/2024 PLN 37.875
Regie Autonome des T 0.875 8/18/2080 EUR 44.426
Landesbank Hessen-Th 1.300 9/25/2035 EUR 69.400
Region Wallonne Belg 0.050 10/26/2032 EUR 73.681
Societe Generale SA 9.200 5/22/2025 USD 63.560
Raiffeisen Bank Inte 0.290 11/11/2030 EUR 73.002
LFA Foerderbank Baye 0.010 12/15/2033 EUR 73.875
Metal Hungaria Holdi 3.000 11/17/2030 HUF 62.000
Communaute Francaise 1.363 4/16/2040 EUR 73.375
Landesbank Hessen-Th 0.750 11/14/2034 EUR 68.606
National Grid Electr 1.690 9/16/2041 GBP 58.488
MASTERPLAST Nyrt 2.000 12/6/2026 HUF 74.000
Santander Internatio 1.700 12/12/2049 EUR 43.755
s Wohnbaubank AG 0.750 1/27/2035 EUR 65.500
Vontobel Financial P 7.150 12/9/2022 CHF 28.550
Kuntarahoitus Oyj 1.400 3/5/2061 EUR 74.562
Assistance Publique 0.683 3/19/2041 EUR 65.884
Batigere Grand Est S 1.550 8/12/2041 EUR 66.416
Senivita Social Esta 8.500 6/30/2025 EUR 0.020
NIBC Bank NV 0.410 1/27/2031 EUR 68.319
Landesbank Hessen-Th 1.300 6/4/2035 EUR 72.641
ALROSA Finance SA 3.100 6/25/2027 USD 9.979
Wirtschafts- und Inf 0.250 8/11/2039 EUR 65.886
Phones4u Finance PLC 9.500 4/1/2018 GBP 74.938
Pongs & Zahn AG 8.500 EUR 0.003
Landesbank Hessen-Th 1.500 7/26/2034 EUR 71.200
BNG Bank NV 10.010 6/17/2025 TRY 57.138
Deutsche Bank AG/Lon 13.750 6/20/2026 TRY 25.153
Getin Noble Bank SA 11.750 5/31/2023 PLN 36.965
Privatbank CJSC Via 10.875 2/28/2018 USD 3.217
Resa SA/Belgium 1.950 7/22/2036 EUR 20.000
International Bank o 8.250 10/9/2024 USD 60.375
KPNQwest NV 8.875 2/1/2008 EUR 0.453
Credit Agricole SA 4.400 2/24/2042 AUD 63.417
Deutsche Bank AG 0.700 10/7/2031 EUR 66.808
DekaBank Deutsche Gi 4.810 12/23/2022 EUR 54.770
Infogroup Holding Kf 3.000 5/20/2031 HUF 61.050
UBS AG/London 7.000 3/31/2023 USD 57.950
Single Platform Inve 1.050 6/25/2044 EUR 62.294
Landeskreditbank Bad 0.547 2/18/2041 EUR 67.855
SG Issuer SA 8.800 7/20/2023 SEK 68.130
MOL Nyrt Kueloenlege 4.950 1/26/2032 HUF 73.430
Societe Generale SA 2.650 1/26/2032 USD 73.199
Bank J Safra Sarasin 7.750 12/22/2022 CHF 67.690
Landesbank Saar 0.710 12/6/2035 EUR 68.039
Deutsche Bank AG 2.000 3/31/2032 USD 73.950
Ville de Paris 1.165 6/9/2053 EUR 61.944
VTB Bank PJSC 11.250 5/6/2037 RUB 74.000
Anselma Issuer SA 1.574 12/31/2038 EUR 64.230
Single Platform Inve 0.950 7/25/2047 EUR 58.446
Region Nouvelle-Aqui 0.630 11/22/2039 EUR 67.272
Cooperatieve Raboban 1.850 3/29/2049 EUR 73.182
Landesbank Baden-Wue 0.310 12/9/2039 EUR 51.557
Credit Suisse AG/Lon 19.500 12/12/2022 USD 45.420
NRW Bank 1.235 12/16/2061 EUR 68.203
Ville de Paris 0.395 12/18/2045 EUR 57.431
Credit Industriel Et 0.900 2/4/2041 EUR 62.621
Agence Francaise de 2.330 2/10/2041 AUD 64.454
Societe Nationale SN 2.931 1/14/2051 AUD 66.962
Bank Vontobel AG 11.500 12/12/2022 EUR 59.300
UBS AG/London 6.750 1/9/2023 CHF 66.850
UBS AG/London 7.850 11/2/2023 USD 47.500
KESZ Holding Busines 4.100 11/17/2031 HUF 74.850
UniCredit Bank AG 0.900 3/24/2036 EUR 68.020
Republic of Austria 0.750 3/20/2051 EUR 64.468
Republic of Ireland 1.200 4/15/2120 EUR 52.336
Kreditanstalt fuer W 0.820 4/15/2050 EUR 70.695
Berlin Hyp AG 0.895 7/20/2050 EUR 66.055
KESZ Holding Busines 2.800 6/17/2031 HUF 69.430
Kingdom of Belgium G 0.400 6/22/2040 EUR 67.218
VTB Bank PJSC 0.010 5/13/2025 RUB 72.010
Landesbank Baden-Wue 1.585 2/22/2034 EUR 74.834
DZ Bank AG Deutsche 0.780 3/5/2030 EUR 72.209
Wirtschafts- und Inf 0.421 3/17/2039 EUR 68.054
Landesbank Hessen-Th 1.806 5/11/2037 EUR 70.392
Kommunekredit 0.100 9/30/2033 DKK 74.363
Credit Suisse AG/Lon 3.214 10/6/2023 SEK 8.690
Daniella Kereskedelm 3.000 7/30/2030 HUF 67.450
Communaute Francaise 1.000 10/8/2069 EUR 51.889
Single Platform Inve 0.780 4/1/2042 EUR 59.795
Rikshem AB 1.910 11/16/2032 NOK 73.485
Kreditanstalt fuer W 0.220 11/19/2035 EUR 72.727
Agence Francaise de 2.360 10/17/2044 AUD 61.861
Alteo Nyrt 3.150 10/28/2029 HUF 59.800
EFG International Fi 9.100 9/20/2023 EUR 36.130
EFG International Fi 10.000 9/20/2023 USD 35.420
National Grid Electr 3.120 12/10/2039 AUD 70.508
Vorosko Kereskedelmi 4.750 1/25/2032 HUF 65.000
State of Rhineland-P 0.100 10/1/2040 EUR 63.553
Deutsche Pfandbriefb 0.765 9/12/2036 EUR 51.206
Wirtschafts- und Inf 0.138 8/23/2044 EUR 56.403
MetMax Europe Zrt 3.000 12/11/2030 HUF 63.400
Ville de Marseille 0.498 12/17/2040 EUR 65.358
Landeskreditbank Bad 1.017 3/15/2061 EUR 62.881
BPCE SFH SA 0.430 5/7/2040 EUR 64.600
Landesbank Hessen-Th 1.035 5/21/2035 EUR 69.500
Department of Val d' 0.390 11/18/2041 EUR 60.771
Landeskreditbank Bad 2.500 5/21/2036 AUD 70.913
Hungary Government I 1.625 4/28/2032 EUR 72.314
Kuntarahoitus Oyj 0.870 10/11/2050 EUR 72.583
UBS AG/London 1.500 2/2/2031 USD 74.666
Wirtschafts- und Inf 0.208 1/28/2043 EUR 59.431
Communaute Francaise 0.750 2/4/2061 EUR 48.057
Skandinaviska Enskil 8.300 7/17/2023 SEK 66.530
Landesbank Baden-Wue 1.050 7/17/2034 EUR 68.380
Landesbank Hessen-Th 1.000 9/3/2035 EUR 69.000
Assistance Publique 0.630 7/30/2042 EUR 63.164
Agence France Locale 0.550 6/20/2040 EUR 67.758
SG Issuer SA 6.130 1/20/2024 SEK 71.120
LBI ehf 6.100 8/25/2011 USD 10.666
Heta Asset Resolutio 4.350 12/31/2023 EUR 0.776
Veneto Banca SpA 6.950 2/25/2025 EUR 0.579
Landesbank Hessen-Th 0.500 2/14/2035 EUR 70.400
Agrokor dd 8.875 2/1/2020 USD 15.000
Astana Finance BV 7.875 6/8/2010 EUR 16.000
Minicentrales Dos SA 0.010 6/6/2047 EUR 66.743
Deutsche Apotheker-u 1.444 9/1/2036 EUR 71.026
Kuntarahoitus Oyj 0.854 1/14/2060 EUR 66.920
United Kingdom Gilt 0.625 7/31/2035 GBP 71.909
Ringkjoebing Landbob 1.875 6/6/2039 EUR 70.744
Single Platform Inve 1.785 7/30/2042 EUR 73.196
Caisse des Depots et 1.150 2/3/2042 EUR 73.625
Vontobel Financial P 8.000 12/23/2022 EUR 65.090
Bayerische Landesban 2.200 4/26/2024 EUR 69.890
Norddeutsche Landesb 1.450 5/10/2039 EUR 67.247
Nomura Bank Internat 1.415 1/27/2042 EUR 63.977
Societe Generale SA 12.264 11/2/2023 USD 20.000
Credit Agricole Corp 17.520 1/27/2027 TRY 72.133
Assistance Publique 0.750 12/3/2041 EUR 66.061
Single Platform Inve 1.416 2/15/2041 EUR 71.976
MOL Nyrt Kueloenlege 4.950 1/26/2032 HUF 73.430
Bank Vontobel AG 9.250 1/4/2023 CHF 20.700
Landesbank Saar 0.680 3/29/2034 EUR 71.270
Landesbank Hessen-Th 1.000 4/28/2036 EUR 68.520
DZ Bank AG Deutsche 1.850 12/29/2031 EUR 69.880
Credit Suisse AG/Lon 8.000 6/16/2023 USD 32.250
Department of L'Eure 0.643 8/31/2041 EUR 64.656
Sintekom TH OOO 13.000 1/23/2025 RUB 50.500
Credit Suisse AG/Lon 0.900 12/20/2031 EUR 71.830
Liga Bank eG Regensb 0.010 1/29/2036 EUR 66.684
Region de Bruxelles- 0.650 2/15/2061 EUR 47.616
Deutsche Pfandbriefb 1.340 10/16/2051 EUR 73.274
Landesbank Hessen-Th 0.850 2/18/2036 EUR 64.550
Communaute Francaise 0.749 9/16/2080 EUR 55.238
Grupo Isolux Corsan 0.250 12/30/2018 EUR 0.157
Credit Suisse AG/Lon 9.750 4/27/2023 USD 56.530
Reneszansz Kofarago 3.200 4/9/2031 HUF 73.000
Aareal Bank AG 0.570 8/7/2029 EUR 70.979
Raiffeisen-Landesban 1.380 7/24/2059 EUR 70.979
Hypo Vorarlberg Bank 1.022 7/31/2034 EUR 70.863
Department of Val d' 0.735 7/3/2040 EUR 67.673
Agence Metropolitain 0.500 7/7/2035 EUR 74.201
Norddeutsche Landesb 0.900 7/5/2032 EUR 73.509
Skandinaviska Enskil 8.200 1/15/2024 SEK 73.820
Autonomous Community 1.744 7/1/2061 EUR 61.470
HSBC Continental Eur 0.900 3/2/2035 EUR 72.498
Kreditanstalt fuer W 1.201 9/13/2051 EUR 71.101
Deutsche Pfandbriefb 0.710 9/10/2031 EUR 65.726
Leonteq Securities A 10.000 12/13/2022 USD 27.840
Hungary Government B 3.000 8/21/2030 HUF 71.253
Frigoglass Finance B 6.875 2/12/2025 EUR 37.504
Bayerische Landesban 3.100 2/24/2023 EUR 65.470
Barclays Bank PLC 1.750 9/29/2032 USD 65.204
Municipality of Eind 1.134 10/18/2066 EUR 72.854
UniCredit SpA 1.490 10/23/2035 EUR 66.362
SG Issuer SA 2.200 1/10/2025 EUR 71.230
OR PJSC 12.000 11/14/2024 RUB 62.660
Communaute Francaise 0.948 10/11/2059 EUR 58.399
DZ Bank AG Deutsche 0.520 11/23/2033 EUR 73.006
DZ Bank AG Deutsche 0.660 11/23/2035 EUR 70.058
UBS Group AG 2.210 11/24/2035 USD 65.286
Barclays Bank PLC 1.235 11/27/2040 EUR 72.813
Hypo Vorarlberg Bank 0.741 10/16/2036 EUR 64.178
Natixis SA 2.719 10/25/2032 AUD 72.615
Batigere Grand Est S 1.485 10/25/2039 EUR 67.312
Kreditanstalt fuer W 1.027 10/26/2050 EUR 69.378
Ukreximbank Via Biz 10.426 2/9/2023 USD 30.735
Single Platform Inve 1.130 5/1/2030 EUR 73.702
Deutsche Pfandbriefb 1.850 9/20/2032 EUR 69.903
Caisse des Depots et 2.940 3/2/2051 AUD 67.511
Single Platform Inve 1.103 5/25/2052 EUR 57.097
Republic of Ireland 1.230 5/29/2120 EUR 56.901
Societe Generale SA 8.000 5/31/2023 USD 65.775
AutoWallis Nyrt 3.000 4/15/2030 HUF 66.470
UniCredit Bank AG 10.700 2/17/2025 EUR 68.750
Assistance Publique 1.183 4/16/2050 EUR 63.878
Landesbank Baden-Wue 0.980 7/15/2032 EUR 73.673
Region Wallonne Belg 1.222 6/24/2080 EUR 53.481
Oberoesterreichische 0.350 10/9/2041 EUR 63.232
Standard Chartered P 5.925 USD 73.435
SALVATOR Vermoegensv 9.500 EUR 7.900
A-TEC Industries AG 5.750 11/2/2010 EUR 0.100
Bazalgette Finance P 0.688 6/27/2050 GBP 74.523
Premium Green PLC 1.000 7/25/2040 EUR 65.353
Communaute Francaise 1.367 1/20/2070 EUR 66.642
Akademiska Hus AB 2.080 4/17/2045 SEK 72.923
Veneto Banca SpA 6.944 5/15/2025 EUR 0.579
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.399
Pescanova SA 8.750 2/17/2019 EUR 0.319
Bank Otkritie Financ 0.010 9/24/2025 RUB 71.030
Vasakronan AB 2.084 8/26/2030 AUD 73.138
Duna House Holding N 3.000 9/2/2030 HUF 74.050
Wirtschafts- und Inf 0.250 9/8/2037 EUR 66.418
Credit Suisse AG/Lon 7.000 2/10/2023 EUR 68.840
Leonteq Securities A 10.000 7/21/2023 CHF 60.330
Hunland Feed Kft 2.880 7/21/2031 HUF 67.540
Kuntarahoitus Oyj 1.200 7/21/2061 EUR 70.462
Commerzbank AG 2.350 2/24/2042 EUR 66.153
DZ Bank AG Deutsche 4.850 12/23/2022 EUR 57.330
Credit Agricole SA 1.000 4/6/2035 EUR 71.000
Regie Autonome des T 0.938 5/25/2050 EUR 60.200
Autonomous Community 1.550 5/11/2051 EUR 64.234
Nomura Bank Internat 1.380 1/19/2037 EUR 68.592
Credit Suisse AG/Lon 18.250 3/14/2023 CHF 22.470
Single Platform Inve 1.413 3/20/2051 EUR 62.971
Italy Buoni Polienna 0.150 5/15/2051 EUR 71.258
Nederlandse Watersch 1.577 12/9/2039 GBP 71.768
Landesbank Baden-Wue 6.820 12/23/2022 EUR 60.340
Societe Generale SA 2.050 2/22/2031 AUD 68.679
BNG Bank NV 2.000 2/19/2038 AUD 66.767
DZ Bank AG Deutsche 2.150 12/23/2022 EUR 65.760
EFG International Fi 18.000 12/22/2022 CHF 56.380
Single Platform Inve 0.800 4/7/2042 EUR 60.110
Barclays Bank PLC 3.900 2/15/2042 AUD 68.756
Banco Santander SA 1.020 1/4/2034 EUR 70.952
Bank Julius Baer & C 5.700 1/5/2023 CHF 70.000
Credit Suisse AG/Lon 5.800 7/12/2023 USD 7.980
Raiffeisen Schweiz G 18.800 12/27/2022 CHF 63.570
Societe Generale SA 2.670 3/24/2031 AUD 71.971
Caisse des Depots et 2.160 12/7/2050 AUD 56.419
MASTERPLAST Nyrt 2.100 12/21/2027 HUF 68.000
Ville de Paris 0.373 12/21/2044 EUR 58.751
Aktia Bank Oyj 0.850 12/21/2040 EUR 65.746
Kreditanstalt fuer W 0.816 12/19/2050 EUR 66.268
Assistance Publique 1.053 5/25/2052 EUR 59.770
Landesbank Saar 0.720 6/29/2035 EUR 68.773
Wirtschafts- und Inf 0.350 3/31/2036 EUR 71.149
Corner Banca SA 12.800 12/7/2022 CHF 47.220
Basler Kantonalbank 10.000 12/8/2022 CHF 62.940
Barclays Bank PLC 6.400 6/16/2031 MXN 65.805
Ville de Marseille 1.079 11/19/2046 EUR 67.090
Belfius Bank SA 0.125 6/19/2034 EUR 73.068
Corner Banca SA 10.000 11/30/2022 CHF 59.520
Bazalgette Finance P 0.174 5/16/2049 GBP 72.554
Landesbank Baden-Wue 1.500 4/16/2039 EUR 71.470
Bank Vontobel AG 11.000 2/6/2023 CHF 32.400
DekaBank Deutsche Gi 1.585 12/28/2035 EUR 60.801
Standard Chartered B 3.040 1/18/2042 USD 71.560
Bank J Safra Sarasin 12.400 12/28/2022 CHF 58.130
SR-Boligkreditt AS 1.252 12/2/2041 EUR 74.913
Landesbank Hessen-Th 0.500 12/3/2031 EUR 73.217
Zurcher Kantonalbank 7.500 1/10/2023 CHF 63.770
Region de Bruxelles- 0.900 4/14/2050 EUR 59.567
Kuntarahoitus Oyj 1.300 4/8/2061 EUR 71.889
Region Auvergne-Rhon 0.805 7/26/2039 EUR 70.064
Region Auvergne-Rhon 0.697 8/2/2036 EUR 74.137
Raiffeisen Switzerla 5.300 6/14/2023 CHF 69.070
Kingdom of Belgium G 0.675 7/7/2080 EUR 39.824
Credit Suisse AG/Lon 5.880 6/28/2023 USD 8.510
UniCredit Bank AG 15.050 4/28/2023 EUR 44.700
DZ Bank AG Deutsche 4.000 6/23/2023 EUR 62.390
Credit Suisse AG/Lon 2.100 3/15/2037 EUR 72.696
Single Platform Inve 0.803 3/20/2041 EUR 60.921
Single Platform Inve 0.885 7/24/2036 EUR 69.074
Kreditanstalt fuer W 1.208 3/10/2051 EUR 73.996
Barclays Bank PLC 2.550 3/18/2031 AUD 73.712
DZ Bank AG Deutsche 1.000 2/18/2032 EUR 67.209
Republic of Ireland 0.740 9/22/2078 EUR 51.414
Landesbank Baden-Wue 0.690 10/8/2035 EUR 62.089
Norddeutsche Landesb 1.000 10/26/2035 EUR 66.944
Region Wallonne Belg 1.272 10/3/2040 EUR 73.541
Nederlandse Watersch 0.750 10/4/2041 EUR 70.376
SG Issuer SA 2.910 10/8/2034 AUD 67.198
Credit Industriel Et 2.160 10/29/2035 USD 67.736
Oberoesterreichische 0.285 11/6/2042 EUR 60.777
Nederlandse Watersch 0.190 11/2/2050 EUR 56.279
Single Platform Inve 1.200 11/15/2037 EUR 70.245
Bayerische Landesban 2.150 1/27/2023 EUR 43.300
Landesbank Baden-Wue 0.500 1/17/2040 EUR 66.210
Skandinaviska Enskil 5.750 1/15/2025 SEK 67.550
Wirtschafts- und Inf 0.395 9/23/2038 EUR 67.881
Landesbank Baden-Wue 0.500 10/18/2039 EUR 65.740
State of Hesse 0.100 10/1/2037 EUR 65.949
Kuntarahoitus Oyj 0.514 10/7/2039 EUR 71.564
Erste Group Bank AG 1.065 5/17/2041 EUR 63.308
Societe Generale SA 2.360 5/25/2031 USD 73.199
Kommunekredit 1.375 5/18/2046 SEK 71.376
Kreditanstalt fuer W 1.271 5/20/2051 EUR 73.749
Landesbank Hessen-Th 1.050 11/17/2060 EUR 63.578
State of Brandenburg 0.300 11/17/2045 EUR 60.484
Hungary Government I 1.500 11/17/2050 EUR 49.684
Credit Agricole Corp 9.450 3/8/2027 TRY 50.014
Region Auvergne-Rhon 0.493 10/23/2037 EUR 69.298
Landesbank Hessen-Th 1.100 12/27/2034 EUR 70.900
Single Platform Inve 0.887 9/20/2039 EUR 64.923
DZ Bank AG Deutsche 2.000 12/23/2022 EUR 63.010
Bayerische Landesban 0.800 10/16/2036 EUR 62.880
Wirtschafts- und Inf 0.250 9/16/2037 EUR 66.389
Societe Generale SA 2.880 9/10/2034 AUD 65.006
Wirtschafts- und Inf 0.267 8/29/2044 EUR 57.876
Kreditanstalt fuer W 0.880 12/7/2050 EUR 66.934
UniCredit SpA 0.725 11/27/2030 EUR 71.318
Serbia International 2.125 12/1/2030 USD 72.970
Credit Agricole Corp 3.020 4/22/2036 AUD 73.458
Kreditanstalt fuer W 1.000 4/27/2041 EUR 73.743
Landesbank Baden-Wue 0.210 2/26/2031 EUR 70.501
NRW Bank 1.070 3/10/2051 EUR 68.742
Societe Generale SFH 0.570 3/15/2036 EUR 73.488
Landesbank Baden-Wue 0.850 5/27/2033 EUR 70.244
Single Platform Inve 1.425 5/25/2052 EUR 63.399
Region Wallonne Belg 1.550 4/28/2120 EUR 55.268
CDC Habitat SEM 1.043 5/12/2036 EUR 67.553
Deutsche Bank AG 0.510 9/16/2031 EUR 73.853
State of Saxony-Anha 0.475 9/30/2050 EUR 60.843
OR PJSC 11.000 12/29/2024 RUB 4.980
Ukraine Government B 3.700 6/22/2023 USD 68.029
Region Auvergne-Rhon 0.530 9/29/2036 EUR 71.949
Emissionszentrale fu 0.150 9/9/2041 CHF 74.504
BNG Bank NV 0.680 3/4/2050 EUR 56.760
NRW Bank 1.021 8/11/2051 EUR 68.435
Oberbank AG 0.230 10/7/2041 EUR 61.891
Bibby Offshore Servi 7.500 6/15/2021 GBP 11.625
Vasakronan AB 2.400 6/20/2044 SEK 68.392
Peine GmbH 2.000 7/5/2023 EUR 44.500
Mifa Mitteldeutsche 7.500 8/12/2018 EUR 2.120
Hypo Tirol Bank AG 1.010 1/20/2040 EUR 73.010
Norske Skog Holding 8.000 2/24/2021 EUR 0.006
United Kingdom Gilt 1.250 10/22/2041 GBP 69.852
DekaBank Deutsche Gi 1.300 4/23/2035 EUR 72.331
Deutsche Bank AG 2.480 12/10/2035 EUR 71.151
Aareal Bank AG 1.800 7/21/2036 EUR 74.646
State Savings Bank o 10.186 1/19/2024 USD 32.523
OR PJSC 11.500 7/28/2024 RUB 5.800
KPNQwest NV 10.000 3/15/2012 EUR 0.453
Landesbank Baden-Wue 1.000 6/5/2039 EUR 69.850
Nederlandse Watersch 0.964 6/11/2059 EUR 66.017
Baromfi-Coop Termelo 3.000 7/19/2031 HUF 64.200
Societe Generale SA 8.760 7/31/2024 USD 37.800
Credit Suisse AG/Lon 10.920 2/16/2023 GBP 63.390
Corner Banca SA 14.000 2/14/2023 CHF 58.180
BPCE SA 2.250 3/13/2040 AUD 48.760
Kuntarahoitus Oyj 0.448 3/19/2040 EUR 63.296
Landesbank Hessen-Th 0.900 6/10/2036 EUR 67.549
Landwirtschaftliche 0.400 7/29/2036 EUR 73.536
Ukraine Government B 3.900 3/30/2023 USD 74.583
Societe Generale SA 12.500 12/14/2023 USD 33.500
Single Platform Inve 1.233 6/25/2044 EUR 67.100
Sberbank of Russia P 0.010 3/27/2028 RUB 61.800
Leonteq Securities A 6.000 2/20/2023 CHF 49.390
Vasakronan AB 2.533 1/28/2044 EUR 57.289
Bank Julius Baer & C 10.500 2/16/2023 USD 72.250
Purple Protected Ass 1.518 1/25/2061 EUR 65.466
DZ Bank AG Deutsche 3.900 3/24/2023 EUR 67.390
Finland Government B 0.125 4/15/2052 EUR 53.632
DZ Bank AG Deutsche 10.900 3/24/2023 EUR 48.230
Purple Protected Ass 1.565 12/23/2060 EUR 63.330
Norddeutsche Landesb 1.600 8/1/2039 EUR 68.056
HSBC Continental Eur 1.500 7/26/2049 EUR 68.183
Batigere Grand Est S 1.800 8/12/2050 EUR 66.669
UBS AG/London 8.000 3/9/2027 USD 9.300
Region de Bruxelles- 0.500 6/22/2040 EUR 64.794
Bayerische Landesban 1.000 3/22/2024 EUR 54.950
Spain Government Bon 1.000 7/30/2042 EUR 68.219
SG Issuer SA 5.000 4/2/2024 EUR 53.690
Single Platform Inve 0.950 5/17/2038 EUR 66.914
Luminis SA 1.800 9/2/2059 EUR 52.425
Uliving@Essex2 Issue 0.100 8/31/2063 GBP 72.543
Cie Generale de Navi 0.350 12/29/2056 CHF 63.314
Landesbank Baden-Wue 0.540 10/7/2031 EUR 72.390
Transports Publics N 0.320 10/28/2037 CHF 68.324
Bayerische Landesbod 0.030 10/22/2035 EUR 70.787
Caisse des Depots et 0.750 11/6/2048 EUR 64.627
Caisse des Depots et 1.114 9/20/2049 EUR 71.030
Single Platform Inve 1.000 7/15/2036 EUR 70.239
Republic of Ireland 1.180 5/25/2087 EUR 62.749
Credit Suisse AG/Lon 1.600 11/27/2030 USD 65.884
Landesbank Hessen-Th 1.000 12/28/2035 EUR 67.400
Credit Agricole Corp 2.650 1/29/2035 AUD 72.097
Nederlandse Watersch 0.996 11/4/2049 EUR 69.751
Single Platform Inve 0.462 2/15/2040 EUR 59.408
Department of Bouche 0.482 10/20/2045 EUR 56.682
Land Thueringen 1.100 7/3/2047 EUR 74.660
HSBC Continental Eur 1.385 11/18/2039 EUR 71.335
Caisse des Depots et 0.982 11/6/2050 EUR 68.349
TKK OOO 10.900 12/31/2033 RUB 60.100
Credit Suisse AG/Lon 5.000 3/29/2023 USD 9.500
Corestate Capital Ho 3.500 4/15/2023 EUR 5.522
Otthon Centrum Holdi 3.000 4/19/2031 HUF 69.700
UBS Group AG 2.490 3/4/2036 USD 67.201
NRW Bank 1.180 3/3/2051 EUR 74.294
Batigere Grand Est S 2.030 5/29/2070 EUR 72.001
Landesbank Baden-Wue 0.850 6/15/2035 EUR 64.240
Assistance Publique 0.666 3/19/2040 EUR 67.219
Kommunalkredit Austr 1.183 6/2/2031 EUR 74.619
ING Bank NV 2.220 1/20/2036 USD 70.350
French Republic Gove 0.500 5/25/2072 EUR 45.734
Deutsche Bank AG/Lon 14.900 5/30/2028 TRY 59.521
Metropole de Lyon 0.466 12/7/2046 EUR 54.988
Department of Bouche 0.467 12/8/2044 EUR 57.569
Landesbank Hessen-Th 0.900 10/22/2035 EUR 68.118
SpareBank 1 SR-Bank 0.970 10/9/2040 EUR 65.884
Department of Bouche 0.500 10/5/2043 EUR 59.637
Department of Bouche 0.457 10/8/2040 EUR 63.513
Department of Bouche 0.450 10/15/2041 EUR 61.763
Centrosolar Group AG 7.000 2/15/2016 EUR 2.505
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.399
Fuerstenberg Capital 5.625 EUR 66.731
Societe Generale SA 4.740 3/24/2030 USD 72.140
BNP Paribas SA 1.000 1/23/2040 MXN 19.539
AK BARS Bank Via AK 8.000 7/13/2022 USD 31.081
Bayerische Landesban 2.300 2/24/2023 EUR 46.780
COFIDUR SA 0.100 12/31/2024 EUR 25.300
SAir Group 4.250 2/2/2007 CHF 12.345
Barclays Bank PLC 2.000 6/12/2029 TRY 21.078
Zurcher Kantonalbank 7.500 7/26/2023 EUR 55.780
Region de Bruxelles- 1.310 12/15/2069 EUR 59.227
Bank Julius Baer & C 14.500 1/13/2023 USD 31.000
Societe Generale SA 21.000 5/1/2025 USD 42.300
Credit Suisse AG/Lon 19.250 12/8/2022 CHF 46.720
Raiffeisen Centroban 7.500 9/1/2023 EUR 38.020
Illes Holding Zrt 5.000 2/22/2032 HUF 71.700
Credit Suisse AG/Lon 9.000 5/3/2023 CHF 74.720
Zurcher Kantonalbank 12.500 2/16/2023 USD 66.510
Deutsche Bank AG 0.610 9/30/2031 EUR 74.620
AutoWallis Nyrt 3.000 7/27/2031 HUF 61.500
National Treasury Ma 1.190 10/7/2101 EUR 57.204
Citigroup Global Mar 2.650 3/17/2040 USD 69.307
Bayerische Landesban 0.490 4/9/2035 EUR 62.632
Barclays Bank PLC 2.000 5/7/2036 MXN 19.208
Region de Bruxelles- 1.040 5/3/2061 EUR 58.687
UBS AG/London 5.520 4/29/2041 USD 43.610
Landesbank Hessen-Th 2.400 6/9/2036 EUR 64.350
Landshypotek Bank AB 1.680 1/20/2042 SEK 74.746
Credit Suisse AG/Lon 12.000 1/31/2023 USD 65.940
UBS AG/London 19.250 1/26/2023 USD 57.150
Santander Consumer B 8.100 NOK 56.499
DekaBank Deutsche Gi 3.350 11/28/2022 EUR 48.510
Region Occitanie 1.339 3/21/2042 EUR 73.784
Landesbank Baden-Wue 0.150 8/11/2031 EUR 74.618
Single Platform Inve 1.690 7/25/2053 EUR 69.621
Danske Bank A/S 6.600 1/9/2027 SEK 72.280
Befimmo SA 1.269 2/24/2031 EUR 70.886
Kreditanstalt fuer W 0.680 2/23/2051 EUR 67.681
Norddeutsche Landesb 0.600 2/24/2031 EUR 74.777
Leonteq Securities A 14.000 2/8/2023 USD 28.300
Swissquote Bank SA 27.000 8/15/2023 CHF 55.210
OR PJSC 16.000 11/26/2025 RUB 23.030
Wirtschafts- und Inf 0.321 2/18/2041 EUR 63.859
SG Issuer SA 5.500 1/20/2025 SEK 70.750
SG Issuer SA 8.410 1/20/2027 SEK 49.590
Parnassia Groep BV 1.470 12/3/2046 EUR 61.565
Credit Suisse AG/Lon 13.500 11/28/2022 CHF 8.370
Credit Suisse AG/Lon 15.000 11/29/2022 USD 8.110
Norddeutsche Landesb 1.500 3/16/2037 EUR 70.904
Greenergy Holding Va 3.000 9/21/2031 HUF 65.596
Single Platform Inve 1.010 3/20/2051 EUR 57.143
Societe Generale SA 12.000 7/14/2026 USD 24.980
Zurcher Kantonalbank 11.500 2/23/2023 USD 73.270
Single Platform Inve 0.767 2/15/2041 EUR 61.652
Landesbank Baden-Wue 0.350 1/20/2031 EUR 73.170
Office Public De L'H 1.700 12/22/2060 EUR 72.037
DZ Bank AG Deutsche 0.500 5/4/2034 EUR 72.032
Credit Agricole Corp 2.750 12/12/2034 AUD 72.883
Societe Generale SA 15.800 12/5/2024 USD 50.300
Bayerische Landesban 1.680 12/18/2037 EUR 70.619
Bank Vontobel AG 15.000 11/28/2022 CHF 47.600
Ville de Paris 0.921 5/26/2053 EUR 58.333
Landesbank Baden-Wue 4.734 1/30/2034 EUR 73.920
Societe Generale SA 17.000 7/3/2024 USD 20.590
Banque Federative du 2.460 6/7/2032 AUD 72.105
Merrill Lynch BV 2.510 8/25/2036 USD 73.142
Norddeutsche Landesb 0.400 8/23/2030 EUR 74.992
Kommunekredit 0.342 9/1/2042 EUR 65.091
Single Platform Inve 0.908 2/15/2041 EUR 63.081
UniCredit Bank AG 6.600 7/20/2028 EUR 16.820
Region Nouvelle-Aqui 0.814 11/22/2044 EUR 63.058
Credit Suisse AG/Lon 7.500 3/29/2023 CHF 67.900
Merrill Lynch BV 2.580 8/11/2036 AUD 66.000
OR PJSC 16.000 11/22/2025 RUB 20.030
Credit Suisse AG/Lon 8.500 12/15/2022 EUR 36.930
Metropole de Lyon 0.500 12/28/2048 EUR 53.028
BNP Paribas SA 1.660 2/26/2031 USD 71.144
Aktia Bank Oyj 0.690 2/4/2036 EUR 70.191
Societe Generale SA 20.000 2/29/2024 USD 4.430
Kreditanstalt fuer W 0.160 2/16/2036 EUR 71.076
NRW Bank 0.642 2/9/2051 EUR 65.193
Grand Delta Habitat 1.750 10/28/2061 EUR 72.003
UBS AG/London 16.300 1/8/2024 EUR 12.360
Barclays Bank PLC 2.320 1/11/2041 USD 58.587
DZ Bank AG Deutsche 15.200 6/23/2023 EUR 33.010
Credit Suisse AG/Lon 7.500 1/5/2023 CHF 67.060
Credit Suisse AG/Lon 8.250 12/14/2022 USD 67.370
Muenchener Hypotheke 0.420 11/16/2033 EUR 71.514
OR PJSC 13.500 10/22/2025 RUB 12.210
Societe Generale SA 11.000 11/22/2024 USD 33.800
UBS AG/London 12.000 11/6/2023 USD 73.300
SAir Group 5.125 3/1/2003 CHF 12.750
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.500
UBS AG/London 23.250 8/15/2025 USD 8.400
Landesbank Hessen-Th 1.300 4/30/2035 EUR 72.810
Single Platform Inve 0.955 2/15/2041 EUR 63.304
State of Rhineland-P 0.500 7/30/2036 EUR 74.694
OPUS TIGAZ Gazhaloza 2.800 3/24/2031 HUF 70.000
SG Issuer SA 1.750 11/9/2033 EUR 74.960
Corner Banca SA 15.000 12/14/2022 USD 71.780
Santander Internatio 2.770 7/2/2035 USD 67.351
Agence Francaise de 0.714 7/10/2045 EUR 64.617
BNP Paribas SA 3.590 7/20/2040 AUD 70.799
Region de Bruxelles- 1.250 1/10/2060 EUR 61.062
Lloyds Bank PLC 2.560 9/4/2038 SEK 74.977
SG Issuer SA 8.120 7/20/2023 SEK 66.840
DZ Bank AG Deutsche 0.520 6/23/2031 EUR 74.895
Deutsche Bank AG 4.210 10/29/2031 EUR 73.640
Credit Suisse AG/Lon 17.316 6/21/2024 USD 28.900
Credit Agricole Corp 1.190 2/26/2040 EUR 65.607
Spain Government Bon 1.000 10/31/2050 EUR 59.677
Republic of Ireland 1.020 9/10/2086 EUR 57.594
Landeskreditbank Bad 0.812 12/16/2060 EUR 55.801
Ville de Paris 0.963 6/8/2050 EUR 62.626
Department of Girond 0.900 12/15/2039 EUR 70.687
Republic of Ireland 1.230 6/1/2120 EUR 58.391
UBS AG/London 8.500 12/16/2022 EUR 53.550
Landesbank Baden-Wue 0.510 10/14/2030 EUR 74.864
Societe Generale SA 8.000 11/30/2032 USD 66.230
Landesbank Baden-Wue 4.734 3/14/2034 EUR 75.000
Bayerische Landesban 2.350 2/23/2024 EUR 46.730
Single Platform Inve 0.853 3/20/2040 EUR 63.035
Aareal Bank AG 0.625 9/16/2030 EUR 67.143
Region Wallonne Belg 1.305 9/29/2041 EUR 72.708
Credit Suisse AG/Nas 3.750 10/20/2036 USD 68.131
Credit Suisse AG/Lon 2.500 10/7/2025 SEK 25.690
Deutsche Bank AG/Lon 0.500 10/18/2038 MXN 16.594
Landesbank Baden-Wue 1.500 4/24/2039 EUR 70.060
Ville de Paris 0.464 8/20/2040 EUR 65.021
Collectivite Europee 0.200 11/5/2035 EUR 70.336
Landesbank Hessen-Th 0.600 11/26/2035 EUR 65.095
Bayerische Landesban 1.020 11/12/2035 EUR 66.542
Landesbank Baden-Wue 0.500 12/2/2039 EUR 66.840
Societe Generale SA 1.290 12/19/2034 EUR 73.044
Skandinaviska Enskil 6.400 1/15/2025 SEK 60.790
Credit Mutuel Arkea 1.165 9/23/2039 EUR 63.740
Credit Suisse AG/Lon 2.449 5/18/2036 EUR 74.230
Region de Bruxelles- 0.845 9/30/2059 EUR 52.329
Norddeutsche Landesb 1.350 10/20/2038 EUR 67.358
Landesbank Baden-Wue 0.550 11/9/2032 EUR 70.451
ENVIEN Magyarorszag 2.500 5/18/2031 HUF 68.130
Caisse des Depots et 0.930 11/9/2050 EUR 66.687
Kreditanstalt fuer W 0.210 11/18/2037 EUR 67.584
Purple Protected Ass 1.480 11/30/2060 EUR 54.735
Landesbank Saar 0.540 11/18/2033 EUR 70.344
Kuntarahoitus Oyj 1.155 11/19/2060 EUR 63.836
Landesbank Baden-Wue 0.430 12/9/2030 EUR 73.933
Bayerische Landesban 1.690 4/23/2037 EUR 71.463
Societe Generale SA 3.820 4/26/2039 AUD 66.667
OR PJSC 12.600 9/28/2025 RUB 5.620
Market Epito Zrt 2.950 10/22/2029 HUF 68.000
Credit Agricole Corp 2.810 10/29/2034 AUD 73.639
Landesbank Baden-Wue 0.400 11/8/2039 EUR 65.130
Ringkjoebing Landbob 1.100 10/30/2035 EUR 67.000
Kreditanstalt fuer W 0.788 11/4/2039 EUR 73.868
DZ HYP AG 1.033 12/6/2049 EUR 67.806
Landesbank Baden-Wue 0.500 12/23/2039 EUR 66.360
HSBC Continental Eur 0.800 12/13/2034 EUR 72.927
Skandinaviska Enskil 7.450 1/15/2025 SEK 63.160
Pick Szeged Szalamig 2.000 12/6/2029 HUF 64.250
Landesbank Baden-Wue 0.500 9/5/2039 EUR 66.610
Credit Agricole Corp 2.950 8/22/2039 AUD 68.389
Landesbank Baden-Wue 1.750 5/15/2039 EUR 68.940
Landesbank Baden-Wue 1.250 5/15/2039 EUR 69.840
DZ Bank AG Deutsche 0.700 11/2/2035 EUR 70.562
Single Platform Inve 1.163 5/25/2066 EUR 53.055
Nederlandse Watersch 0.230 10/22/2035 EUR 72.336
Zurcher Kantonalbank 19.000 1/18/2023 USD 60.580
Citigroup Global Mar 2.930 9/15/2025 EUR 40.900
NRW Bank 0.510 9/23/2039 EUR 69.028
Deutsche Pfandbriefb 0.903 11/19/2029 EUR 72.210
Bayerische Landesban 0.820 11/29/2033 EUR 69.397
Bayerische Landesban 0.870 11/29/2034 EUR 66.487
UBS AG/London 2.700 9/16/2044 AUD 61.192
Single Platform Inve 1.260 1/22/2049 EUR 60.677
UBS AG/London 2.630 9/3/2044 AUD 60.347
Nomura Bank Internat 0.400 12/3/2030 EUR 72.721
DZ Bank AG Deutsche 0.640 12/7/2035 EUR 69.832
Ville de Marseille 0.509 12/17/2041 EUR 64.134
Muenchener Hypotheke 0.805 4/16/2036 EUR 65.457
Republic of Austria 0.700 4/20/2071 EUR 51.126
Credit Agricole SA 3.610 4/20/2036 AUD 64.470
Societe Generale SA 3.100 4/22/2036 AUD 64.640
Opus Global Nyrt 3.200 4/29/2031 HUF 71.000
Stichting Afwikkelin 8.450 8/20/2018 USD 45.375
Muenchener Hypotheke 1.000 6/30/2037 EUR 65.462
Barclays Bank PLC 7.830 7/26/2038 MXN 54.687
Luzerner Kantonalban 6.000 7/6/2023 EUR 47.620
Purple Protected Ass 1.570 4/30/2061 EUR 66.874
Barclays Bank PLC 3.020 3/26/2051 USD 67.962
Credit Agricole Corp 2.610 7/27/2050 USD 61.433
Proximus SADP 1.500 5/14/2040 EUR 70.018
Region Bourgogne-Fra 0.270 12/7/2035 EUR 70.882
Region Bourgogne-Fra 0.397 12/3/2045 EUR 55.156
UBS AG/London 7.000 11/28/2022 CHF 43.600
Hypo Tirol Bank AG 1.090 1/21/2041 EUR 63.685
Goldman Sachs & Co W 5.000 12/21/2022 EUR 73.200
AB Booster Capital L 2.000 3/8/2032 USD 66.368
SG Issuer SA 1.250 2/28/2033 EUR 55.340
Oberoesterreichische 0.705 1/29/2036 EUR 64.478
Hypo Vorarlberg Bank 6.125 EUR 74.900
Nomura Bank Internat 1.150 10/6/2036 EUR 66.090
Region Wallonne Belg 0.970 6/24/2043 EUR 64.940
Societe Generale SA 20.000 8/31/2023 USD 12.780
Societe Generale SA 3.700 10/23/2037 USD 68.216
Pannon Work Szemelyz 3.000 10/30/2030 HUF 64.150
DVM Construction Fov 3.000 7/29/2030 HUF 60.200
Landesbank Hessen-Th 0.750 8/14/2034 EUR 69.396
Oberoesterreichische 0.763 12/15/2050 EUR 62.715
LBI ehf 7.431 USD 0.001
Lloyds Bank PLC 2.480 7/5/2038 SEK 74.287
SG Issuer SA 8.300 7/21/2025 SEK 46.680
EFG International Fi 10.000 2/13/2023 USD 59.550
Bayerische Landesban 0.940 7/16/2032 EUR 74.455
Lehman Brothers Trea 10.442 11/22/2008 CHF 0.100
Opus Global Nyrt 2.800 10/29/2029 HUF 69.500
Single Platform Inve 1.117 5/25/2066 EUR 51.691
Zurcher Kantonalbank 18.200 1/18/2023 USD 74.330
Hema Bondco II BV 8.500 1/15/2023 EUR 1.194
Russian Post FGUP 2.750 12/6/2023 RUB 60.080
SAG Solarstrom AG 6.250 12/14/2015 EUR 31.000
SAG Solarstrom AG 7.500 7/10/2017 EUR 31.000
Sidetur Finance BV 10.000 4/20/2016 USD 0.770
Landesbank Baden-Wue 0.750 4/24/2034 EUR 74.830
Landesbank Baden-Wue 1.000 4/24/2034 EUR 74.740
Landesbank Baden-Wue 1.250 4/24/2039 EUR 69.660
Vasakronan AB 1.700 6/28/2044 EUR 61.817
Royal Schiphol Group 3.090 7/1/2034 AUD 72.060
Hamburg Commercial B 3.000 7/17/2035 EUR 71.159
Banca Popolare di Vi 9.500 10/2/2025 EUR 0.207
DZ Bank AG Deutsche 2.200 6/24/2026 EUR 71.200
Lehman Brothers Trea 4.734 3/16/2035 EUR 0.100
Meta Wolf AG 6.750 3/10/2005 DEM 0.121
Lehman Brothers Trea 14.900 9/15/2008 EUR 0.100
Bulgaria Steel Finan 12.000 5/4/2013 EUR 0.216
Espirito Santo Finan 5.125 5/30/2016 EUR 0.528
Russian Railways JSC 18.830 11/29/2028 RUB 55.010
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Hypo Vorarlberg Bank 1.020 1/17/2035 EUR 69.684
Aareal Bank AG 1.741 1/12/2045 EUR 69.206
State of North Rhine 0.880 7/12/2040 EUR 73.645
Decipher Production 12.500 9/27/2019 USD 1.500
Gebr Sanders GmbH & 8.750 10/22/2018 EUR 9.375
WEB Windenergie AG 6.500 EUR 0.010
WEB Windenergie AG 6.250 EUR 0.010
LBI ehf 8.650 5/1/2011 ISK 10.625
Standard Chartered B 0.500 9/11/2040 JPY 62.089
Cie de Financement F 1.101 5/17/2039 EUR 74.376
Landesbank Baden-Wue 1.250 6/5/2039 EUR 69.250
Landesbank Baden-Wue 1.000 6/26/2039 EUR 68.990
Landesbank Baden-Wue 1.250 6/26/2039 EUR 68.140
Vontobel Financial P 18.500 12/23/2022 EUR 70.080
Harp Issuer PLC 1.400 2/14/2032 USD 68.365
Luzerner Kantonalban 11.000 12/8/2022 CHF 70.770
Romanian Government 2.875 4/13/2042 EUR 58.334
Kometa 99 Elelmiszer 5.000 2/21/2032 HUF 71.700
UBS AG/London 0.120 5/25/2040 MXN 12.737
Caisse des Depots et 1.290 5/5/2051 EUR 73.148
Raiffeisen Switzerla 20.000 1/6/2023 CHF 65.790
Single Platform Inve 1.510 2/13/2043 EUR 68.916
Landesbank Baden-Wue 2.720 6/23/2023 EUR 69.860
Barclays Bank PLC 1.450 9/24/2038 MXN 23.085
DZ Bank AG Deutsche 1.370 12/30/2030 EUR 74.420
Landesbank Baden-Wue 5.690 2/24/2023 EUR 59.510
Vontobel Financial P 3.650 12/6/2022 EUR 58.380
Spain Government Bon 1.450 10/31/2071 EUR 55.458
Single Platform Inve 0.946 5/25/2036 EUR 70.027
DZ Bank AG Deutsche 10.500 12/23/2022 EUR 47.670
Single Platform Inve 1.390 6/25/2044 EUR 66.280
Deutsche Bank AG 2.530 10/7/2036 USD 67.343
Corner Banca SA 20.000 12/13/2022 CHF 61.070
Credit Suisse AG/Lon 9.500 12/7/2022 USD 49.390
Leonteq Securities A 17.000 3/7/2023 CHF 24.270
Landesbank Hessen-Th 2.000 3/10/2037 EUR 74.000
Credit Suisse AG/Lon 8.500 3/1/2023 CHF 54.450
Raiffeisenlandesbank 0.725 8/27/2041 EUR 68.597
Agrar Mezogazdasagi 2.900 8/24/2031 HUF 67.390
Bank Vontobel AG 6.250 5/7/2024 CHF 66.800
Vasakronan AB 2.390 1/17/2039 EUR 59.734
Landesbank Baden-Wue 0.150 9/20/2030 EUR 73.411
UBS AG/London 8.250 11/19/2026 EUR 68.490
Citigroup Global Mar 7.200 5/24/2023 SEK 69.220
Bank Vontobel AG 11.000 2/6/2023 EUR 32.800
Muenchener Hypotheke 0.100 8/14/2034 EUR 72.261
Leonteq Securities A 14.000 12/20/2022 EUR 49.800
Landesbank Baden-Wue 0.490 12/23/2030 EUR 74.259
Single Platform Inve 1.180 4/1/2039 EUR 68.366
Landesbank Hessen-Th 2.400 3/22/2052 EUR 73.041
Leonteq Securities A 23.400 1/18/2023 CHF 30.060
Vontobel Financial P 3.000 12/23/2022 EUR 64.940
Region Provence-Alpe 0.623 10/15/2035 EUR 74.509
Landesbank Baden-Wue 0.360 12/30/2030 EUR 73.350
Agence Francaise de 0.368 1/12/2046 EUR 58.506
Municipality of Leva 0.750 11/17/2036 EUR 74.001
Societe Generale SA 3.310 11/29/2033 AUD 71.165
Grupo Isolux Corsan 6.000 12/30/2021 EUR 0.253
UBS AG/London 13.250 4/6/2023 USD 52.900
Landesbank Baden-Wue 2.900 12/23/2022 EUR 60.420
SAir Group 6.250 10/27/2002 CHF 12.345
Italy Buoni Polienna 2.150 3/1/2072 EUR 65.168
Basler Kantonalbank 7.600 4/13/2023 CHF 53.600
Specialized Financia 15.342 2/15/2031 RUB 70.000
Kalita OOO 15.000 9/12/2023 RUB 3.070
Region Auvergne-Rhon 0.645 4/9/2040 EUR 66.849
State of Hesse 0.375 4/9/2040 EUR 66.180
Alfa-Bank AO 11.750 RUB 75.000
UBS AG/London 12.500 12/16/2022 CHF 40.500
Credit Agricole Corp 10.200 8/6/2026 TRY 54.358
Landesbank Baden-Wue 0.660 10/9/2034 EUR 64.059
Credit Suisse AG/Lon 3.500 3/28/2032 USD 73.757
Single Platform Inve 1.490 3/20/2051 EUR 63.311
Region de Bruxelles- 0.256 2/26/2035 EUR 71.535
Ministeries Van de V 1.053 6/3/2050 EUR 61.517
BNG Bank NV 1.040 11/28/2047 EUR 68.277
Landesbank Hessen-Th 0.750 4/9/2035 EUR 67.765
DZ Bank AG Deutsche 0.570 12/30/2030 EUR 75.000
Credit Agricole Corp 3.200 3/19/2041 AUD 69.749
Senvion Holding GmbH 3.875 10/25/2022 EUR 0.310
AKB Peresvet ZAO 0.510 2/14/2032 RUB 15.010
Credit Suisse AG/Lon 3.880 10/31/2036 USD 66.340
Hemso Fastighets AB 1.800 5/5/2032 EUR 71.051
Landesbank Baden-Wue 0.380 11/18/2030 EUR 73.727
Landesbank Baden-Wue 0.460 10/28/2030 EUR 74.424
Bayerische Landesban 1.400 1/26/2024 EUR 66.300
Single Platform Inve 0.745 2/15/2047 EUR 54.743
Raiffeisen Schweiz G 8.000 7/19/2023 USD 39.340
Region de Bruxelles- 1.100 5/25/2051 EUR 63.692
Landesbank Saar 0.835 2/19/2035 EUR 70.183
Barclays Bank PLC 1.382 11/27/2045 EUR 72.983
DZ Bank AG Deutsche 0.700 11/30/2035 EUR 70.677
Barclays Bank PLC 0.500 10/1/2031 TRY 9.696
Bayerische Landesban 0.650 12/22/2023 EUR 52.260
Commerzbank AG 1.219 12/12/2039 EUR 66.787
Norddeutsche Landesb 0.650 11/18/2030 EUR 74.992
Caisse des Depots et 1.022 9/13/2049 EUR 67.830
Natixis SA 3.000 8/28/2049 AUD 58.332
Department of Bouche 0.432 2/1/2046 EUR 55.506
United Utilities Wat 0.387 10/5/2057 GBP 69.602
Department of Bouche 0.490 12/8/2045 EUR 56.641
BPCE SA 2.285 12/3/2035 AUD 54.991
Raiffeisen Switzerla 3.000 11/28/2023 USD 68.000
Communication Techno 5.250 1/27/2032 HUF 65.000
Caisse des Depots et 1.300 4/28/2051 EUR 70.163
Kreditanstalt fuer W 0.935 12/16/2039 EUR 74.489
Lehman Brothers Trea 7.500 5/30/2010 AUD 0.100
UBS AG/London 10.250 5/30/2023 CHF 39.850
Single Platform Inve 1.270 5/15/2035 EUR 74.097
Leonteq Securities A 10.000 12/1/2022 USD 34.880
Credit Bank of Mosco 3.100 1/21/2026 EUR 18.583
Landesbank Baden-Wue 0.430 1/22/2031 EUR 73.703
NRW Bank 0.600 1/28/2051 EUR 58.497
Region Wallonne Belg 0.250 12/29/2036 EUR 68.092
Landesbank Hessen-Th 0.300 9/15/2031 EUR 72.098
Basler Kantonalbank 10.000 2/13/2023 CHF 43.070
Landesbank Hessen-Th 0.850 7/17/2035 EUR 71.500
Vasakronan AB 1.668 10/16/2030 USD 74.972
Corner Banca SA 7.350 1/16/2023 CHF 74.390
Bank Otkritie Financ 0.010 7/16/2025 RUB 74.110
Intelsat Jackson Hol 9.750 7/15/2025 USD 0.486
Bayerische Landesbod 0.700 6/12/2037 EUR 74.288
Hellas Telecommunica 8.500 10/15/2013 EUR 0.834
Transports publics f 0.500 6/27/2041 CHF 71.557
Norske Skog Holding 8.000 2/24/2023 USD 0.006
SNCF Reseau 1.475 3/30/2065 EUR 58.953
Credit Agricole Corp 10.500 2/16/2027 TRY 52.619
Belfius Bank SA 0.780 7/22/2036 EUR 74.560
Russian Railways JSC 15.300 9/20/2039 RUB 55.010
Landesbank Baden-Wue 0.590 9/22/2034 EUR 63.586
UBS AG/London 16.000 12/29/2022 CHF 42.050
Hypo Vorarlberg Bank 1.020 7/15/2041 EUR 61.792
NIBC Bank NV 0.660 7/14/2031 EUR 68.842
DZ Bank AG Deutsche 5.000 3/24/2023 EUR 66.970
Raiffeisen Schweiz G 10.000 2/21/2023 CHF 55.750
DZ Bank AG Deutsche 4.050 6/23/2023 EUR 56.910
Single Platform Inve 1.240 5/25/2052 EUR 59.217
Dyadya Doner OOO 13.500 4/25/2023 RUB 19.060
Single Platform Inve 0.750 8/15/2050 EUR 52.583
DZ Bank AG Deutsche 5.000 12/23/2022 EUR 73.570
Oberoesterreichische 0.610 1/28/2037 EUR 73.191
DZ Bank AG Deutsche 5.000 12/23/2022 EUR 57.290
Norddeutsche Landesb 1.300 2/11/2037 EUR 68.969
Autonomous Community 1.646 7/30/2060 EUR 60.191
Purple Protected Ass 1.600 9/8/2056 EUR 64.556
Single Platform Inve 1.340 4/4/2042 EUR 71.567
Grand Delta Habitat 1.425 2/26/2048 EUR 62.855
Berlin Hyp AG 1.057 2/21/2059 EUR 66.341
NRW Bank 0.675 2/25/2041 EUR 70.602
Landesbank Baden-Wue 0.600 3/5/2036 EUR 60.717
Zurcher Kantonalbank 18.000 4/14/2023 USD 63.980
Landesbank Hessen-Th 1.170 12/8/2036 EUR 69.888
UBS AG/London 18.000 2/23/2023 CHF 62.350
Deutsche Bank AG 2.330 2/11/2043 EUR 65.831
Region de Bruxelles- 1.065 6/22/2047 EUR 64.869
Wirtschafts- und Inf 0.500 12/1/2038 EUR 67.869
Parnassia Groep BV 1.470 12/1/2045 EUR 61.956
Raiffeisen Switzerla 15.000 12/6/2022 CHF 54.430
Leonteq Securities A 9.000 3/9/2023 CHF 73.590
BPCE SA 2.730 10/5/2036 AUD 58.179
Single Platform Inve 1.548 10/31/2050 EUR 63.627
Muenchener Hypotheke 1.495 10/5/2050 EUR 67.071
Commerzbank AG 0.900 10/7/2030 EUR 72.538
Luzerner Kantonalban 8.400 12/27/2022 USD 64.570
Deutsche Apotheker-u 1.616 1/15/2038 EUR 72.196
Single Platform Inve 1.040 6/25/2044 EUR 61.199
Single Platform Inve 1.250 5/10/2044 EUR 64.033
DZ Bank AG Deutsche 5.250 6/21/2023 EUR 69.300
Szabo Fogaskerekgyar 5.500 2/23/2032 HUF 74.200
Societe Generale SA 3.060 11/24/2031 AUD 73.521
DZ Bank AG Deutsche 1.980 12/29/2031 EUR 74.400
Luzerner Kantonalban 1.750 10/27/2025 CHF 57.620
Leonteq Securities A 10.000 12/7/2022 USD 60.670
Landesbank Baden-Wue 0.770 6/23/2036 EUR 62.200
BNP Paribas SA 1.130 5/26/2036 EUR 68.525
Leonteq Securities A 7.400 12/1/2023 USD 60.940
Credit Agricole Corp 15.000 7/14/2026 TRY 64.952
Raiffeisen Schweiz G 8.000 5/5/2023 CHF 57.490
Zurcher Kantonalbank 10.000 5/9/2023 USD 54.780
Norddeutsche Landesb 0.725 9/22/2036 EUR 63.500
Natixis SA 2.520 8/24/2036 AUD 62.688
Bank fuer Kirche und 0.660 3/17/2036 EUR 67.985
Credit Suisse AG/Lon 8.000 8/30/2024 USD 8.180
DZ Bank AG Deutsche 0.550 9/9/2036 EUR 71.772
Natixis SA 2.530 8/30/2036 AUD 62.828
Deutsche Bank AG/Lon 0.500 4/5/2038 MXN 20.188
Landeskreditbank Bad 1.236 5/22/2045 EUR 73.210
MASTERPLAST Nyrt 2.900 8/25/2031 HUF 59.000
Region Provence-Alpe 0.358 8/31/2035 EUR 72.401
Credit Agricole CIB 0.440 8/30/2033 EUR 70.909
Landesbank Baden-Wue 0.200 9/22/2031 EUR 70.819
Raiffeisen Schweiz G 7.000 2/27/2023 CHF 67.390
Bayerische Landesban 1.730 4/1/2036 EUR 73.296
Russian Foreign Bond 5.100 3/28/2035 USD 40.087
Region de Bruxelles- 1.419 6/22/2045 EUR 73.045
Landesbank Hessen-Th 0.850 9/2/2036 EUR 66.688
Landesbank Baden-Wue 0.260 7/29/2030 EUR 74.437
Landesbank Hessen-Th 0.340 8/6/2031 EUR 74.251
Landesbank Baden-Wue 0.510 8/2/2033 EUR 67.532
Single Platform Inve 1.250 8/15/2051 EUR 61.016
Natixis SA 2.530 8/5/2036 AUD 62.920
Banque International 0.950 8/6/2031 EUR 73.854
Landesbank Baden-Wue 0.270 3/7/2031 EUR 72.782
Landesbank Baden-Wue 0.290 6/9/2031 EUR 72.190
Landesbank Baden-Wue 0.320 12/9/2031 EUR 71.008
Citigroup Global Mar 0.430 8/15/2031 EUR 72.962
Landesbank Baden-Wue 0.060 9/1/2031 EUR 73.838
Zurcher Kantonalbank 7.750 2/10/2023 EUR 60.180
Region Provence-Alpe 0.393 8/26/2036 EUR 72.499
Landesbank Hessen-Th 0.400 9/17/2031 EUR 74.444
Landesbank Hessen-Th 0.650 9/16/2036 EUR 64.720
Landesbank Baden-Wue 0.290 8/6/2031 EUR 71.717
Credit Suisse AG/Lon 16.000 12/16/2022 USD 54.780
Barclays Bank PLC 1.011 2/1/2041 EUR 69.926
Credit Agricole Corp 11.190 3/12/2027 TRY 54.046
Landesbank Baden-Wue 0.640 2/26/2036 EUR 61.136
Kreditanstalt fuer W 0.600 2/16/2051 EUR 62.939
Landesbank Baden-Wue 0.620 2/18/2036 EUR 60.949
UBS AG/London 9.750 2/10/2023 USD 52.050
Credit Agricole Corp 11.190 1/15/2026 TRY 59.197
VTB Bank PJSC 3.750 EUR 45.000
Credit Suisse AG/Lon 16.300 12/26/2023 USD 38.950
DZ Bank AG Deutsche 0.500 2/4/2036 EUR 68.023
Societe Nationale SN 2.503 1/14/2041 AUD 65.745
Credit Agricole Corp 11.340 2/12/2026 TRY 59.127
Societe Generale SA 1.900 1/15/2031 AUD 67.748
Zurcher Kantonalbank 17.500 12/9/2022 USD 48.160
Deutsche Bank AG 0.700 10/28/2031 EUR 67.876
Morgan Stanley & Co 3.100 10/28/2041 AUD 65.593
BPCE SA 3.000 11/18/2036 AUD 60.511
Region of Centre-Val 0.924 11/2/2043 EUR 65.944
Republic of Ireland 1.210 10/27/2111 EUR 56.175
BNP Paribas Emission 3.000 4/21/2026 EUR 62.250
Societe Generale SA 5.050 11/25/2036 USD 43.904
DNB Boligkreditt AS 1.230 11/18/2039 EUR 74.814
UBS AG/London 5.000 4/14/2023 CHF 70.050
Muenchener Hypotheke 1.010 8/6/2044 EUR 57.561
BNP Paribas SA 3.310 2/27/2040 AUD 66.658
Landesbank Baden-Wue 1.000 7/17/2039 EUR 67.530
Romanian Government 2.124 7/16/2031 EUR 71.992
BNG Bank NV 0.799 7/25/2039 EUR 73.412
Communaute Francaise 1.397 7/18/2059 EUR 68.339
Communaute Francaise 1.520 7/22/2069 EUR 65.162
Morgan Stanley & Co 1.105 6/18/2041 EUR 61.975
Landesbank Hessen-Th 1.000 7/15/2060 EUR 63.414
City of Kyiv Via PBR 7.500 12/15/2022 USD 34.479
Republic of Ireland 1.230 6/23/2121 EUR 56.420
Landesbank Baden-Wue 0.720 6/22/2035 EUR 63.633
Credit Agricole Corp 10.800 3/24/2026 TRY 54.034
DZ HYP AG 0.205 6/5/2040 EUR 60.636
Region de Bruxelles- 1.286 12/17/2046 EUR 69.007
UBS AG/London 1.860 2/28/2049 EUR 74.612
Landesbank Baden-Wue 0.340 3/4/2030 EUR 74.327
Landesbank Baden-Wue 0.700 3/30/2034 EUR 66.661
Landesbank Baden-Wue 0.760 3/31/2036 EUR 62.253
UBS AG/London 9.750 3/17/2023 CHF 34.150
Natixis SA 2.900 1/29/2040 AUD 61.346
Bayerische Landesban 1.682 5/2/2036 EUR 72.687
Bayerische Landesban 1.770 5/15/2036 EUR 73.204
Landesbank Hessen-Th 1.000 10/23/2035 EUR 68.000
Credit Agricole Corp 11.400 10/28/2025 TRY 60.973
DZ Bank AG Deutsche 1.250 9/30/2060 EUR 63.671
Landesbank Hessen-Th 1.000 10/29/2035 EUR 66.800
Landesbank Hessen-Th 0.700 10/29/2035 EUR 66.254
Landesbank Hessen-Th 1.590 1/18/2034 EUR 73.663
AB Financial Product 1.605 7/30/2040 EUR 57.988
Bayerische Landesban 1.480 4/8/2036 EUR 70.763
Credit Agricole Corp 2.480 8/18/2050 USD 59.669
Ebis OOO 13.000 8/11/2023 RUB 5.740
Berlin Hyp AG 0.440 10/29/2035 EUR 62.713
Societe Generale SA 2.900 10/24/2039 AUD 57.595
Region de Bruxelles- 1.053 11/14/2059 EUR 56.670
SG Issuer SA 6.940 1/20/2025 SEK 63.340
Landesbank Hessen-Th 0.850 10/17/2034 EUR 69.700
Specialfastigheter S 1.280 9/20/2049 SEK 58.824
Caisse des Depots et 1.065 9/20/2049 EUR 70.096
Norddeutsche Landesb 1.560 10/20/2038 EUR 69.730
Single Platform Inve 1.340 5/10/2044 EUR 65.574
Landesbank Baden-Wue 0.490 5/28/2031 EUR 73.488
Credit Agricole Corp 15.000 6/18/2026 TRY 65.497
Citigroup Global Mar 1.500 5/13/2051 EUR 60.282
Landesbank Baden-Wue 0.740 6/2/2036 EUR 61.934
Landesbank Hessen-Th 0.750 12/17/2035 EUR 66.416
Kreditanstalt fuer W 0.480 11/19/2040 EUR 68.373
Russian Foreign Bond 1.850 11/20/2032 EUR 41.226
BPCE SA 2.315 11/19/2035 AUD 55.303
Autonomous Community 1.089 10/31/2049 EUR 58.641
Landesbank Hessen-Th 0.700 12/28/2035 EUR 66.000
Norddeutsche Landesb 1.170 11/24/2038 EUR 64.084
Skandinaviska Enskil 5.520 7/15/2024 SEK 66.370
Region de Bruxelles- 0.875 6/22/2057 EUR 53.849
Leonteq Securities A 7.200 2/14/2023 CHF 28.040
Republic of Italy Go 4.000 10/17/2049 USD 71.497
Societe Generale SA 3.110 10/28/2041 AUD 59.383
Credit Agricole Corp 12.000 11/17/2025 TRY 61.670
Kreditanstalt fuer W 0.660 11/12/2039 EUR 72.811
Credit Suisse AG/Lon 1.000 9/24/2035 EUR 62.980
Kreditanstalt fuer W 1.030 12/6/2049 EUR 71.186
Department of Girond 0.650 12/17/2038 EUR 69.108
Barclays Bank PLC 3.100 12/13/2044 AUD 57.914
Vasakronan AB 1.310 12/10/2040 EUR 47.160
Region de Bruxelles- 0.658 1/7/2041 EUR 65.177
Berlin Hyp AG 1.157 12/9/2039 EUR 66.927
Landesbank Baden-Wue 0.700 9/5/2039 EUR 65.720
Skandinaviska Enskil 9.020 7/17/2023 SEK 66.150
Landesbank Hessen-Th 0.900 11/20/2035 EUR 67.000
Landesbank Baden-Wue 0.440 10/19/2035 EUR 71.632
Morgan Stanley & Co 3.470 1/27/2042 AUD 69.068
Landesbank Hessen-Th 0.850 11/19/2035 EUR 67.482
Caisse des Depots et 2.630 9/16/2049 AUD 63.527
Communaute Francaise 1.187 9/16/2069 EUR 61.943
Caisse des Depots et 2.670 9/17/2049 AUD 64.054
Communaute Francaise 0.584 9/17/2039 EUR 64.136
SAir Group 2.750 7/30/2004 CHF 12.375
Credit Agricole Corp 10.200 12/13/2027 TRY 49.118
Caisse des Depots et 2.340 11/27/2049 AUD 59.336
Landesbank Hessen-Th 0.600 9/27/2034 EUR 68.700
Landesbank Baden-Wue 0.150 9/11/2039 EUR 64.800
Single Platform Inve 1.050 3/17/2039 EUR 66.568
Metropole de Lyon 0.540 12/7/2050 EUR 51.534
Vontobel Financial P 0.080 12/5/2022 EUR 59.400
Single Platform Inve 1.600 2/15/2041 EUR 72.106
Ebis OOO 12.000 4/9/2024 RUB 4.490
Landesbank Baden-Wue 0.780 4/21/2036 EUR 62.413
Caisse des Depots et 1.275 5/5/2051 EUR 73.664
Caisse des Depots et 2.730 3/2/2041 AUD 68.874
Landesbank Hessen-Th 1.400 3/5/2036 EUR 67.000
Credit Agricole Corp 11.640 3/24/2027 TRY 55.108
Landesbank Hessen-Th 0.820 12/17/2035 EUR 67.598
Landesbank Hessen-Th 0.800 4/15/2036 EUR 66.683
Basler Kantonalbank 8.000 11/28/2022 CHF 65.540
Quintet Private Bank 6.050 5/26/2026 USD 64.280
Single Platform Inve 1.440 7/18/2042 EUR 68.055
DZ Bank AG Deutsche 0.510 1/25/2036 EUR 68.480
Region Wallonne Belg 0.850 1/26/2071 EUR 46.400
Region Wallonne Belg 1.250 4/30/2055 EUR 60.148
Societe Generale SA 2.060 3/12/2031 USD 71.899
Landesbank Hessen-Th 0.620 2/6/2036 EUR 65.699
Merrill Lynch BV 2.580 8/20/2036 USD 73.832
Norddeutsche Landesb 0.325 9/15/2031 EUR 71.543
Credit Agricole Corp 10.320 7/22/2026 TRY 54.748
Republic of Austria 0.850 6/30/2120 EUR 48.810
Landesbank Hessen-Th 0.620 1/11/2036 EUR 65.847
Norddeutsche Landesb 0.725 9/14/2033 EUR 69.482
Norddeutsche Landesb 0.550 9/10/2031 EUR 72.772
Erste Group Bank AG 0.570 8/14/2032 EUR 71.765
Landesbank Hessen-Th 1.000 8/27/2035 EUR 69.378
Kreditanstalt fuer W 0.400 8/12/2040 EUR 68.284
Landeskreditbank Bad 0.170 12/10/2035 EUR 72.038
Caisse des Depots et 1.005 11/5/2050 EUR 68.793
Norddeutsche Landesb 2.180 9/20/2034 EUR 74.870
Nomura Bank Internat 0.450 12/3/2030 EUR 73.430
Kuntarahoitus Oyj 1.005 12/7/2060 EUR 65.422
Ukraine Government I 7.253 3/15/2035 USD 21.143
Societe Wallonne de 0.913 7/31/2040 EUR 55.715
Cooperatieve Raboban 0.540 8/3/2040 EUR 65.429
Banque et Caisse d'E 0.900 8/6/2042 EUR 73.676
Takarek Mortgage Ban 3.000 8/21/2030 HUF 54.840
Regie Autonome des T 0.640 8/13/2041 EUR 67.354
Norddeutsche Landesb 0.925 9/10/2036 EUR 65.560
Landesbank Hessen-Th 0.620 4/18/2036 EUR 65.296
Landesbank Hessen-Th 0.550 8/18/2033 EUR 70.465
Nordea Bank Abp 0.620 10/14/2026 SEK 46.680
Landesbank Hessen-Th 0.450 9/15/2033 EUR 65.535
LBI ehf 7.431 USD 0.001
Lehman Brothers Trea 16.000 12/26/2008 USD 0.100
Axial Javito Kereske 2.000 9/23/2030 HUF 59.094
NRW Bank 0.360 10/15/2035 EUR 74.063
Collectivite Europee 0.487 10/9/2045 EUR 56.801
BNP Paribas Issuance 1.560 2/2/2039 EUR 51.050
Lehman Brothers Trea 8.280 7/31/2013 GBP 0.100
Lehman Brothers Trea 6.650 8/24/2011 AUD 0.100
Communaute Francaise 1.340 7/1/2054 EUR 69.793
IT Holding Finance S 9.875 11/15/2012 EUR 0.015
Kreditanstalt fuer W 0.250 10/6/2036 CAD 51.120
Bayerische Landesban 1.600 7/21/2036 EUR 71.507
United Confectioners 7.000 4/3/2023 RUB 70.000
Russian Railways JSC 15.300 9/19/2033 RUB 55.010
Turkey Government In 6.625 2/17/2045 USD 74.557
BPCE SFH SA 0.500 1/23/2035 EUR 74.903
DekaBank Deutsche Gi 1.850 3/20/2045 EUR 68.638
Deutsche Bank AG 1.750 4/9/2035 EUR 65.597
DekaBank Deutsche Gi 1.340 8/22/2036 EUR 70.908
State of North Rhine 1.491 8/23/2066 EUR 72.357
Bayerische Landesban 1.320 9/16/2033 EUR 74.273
Raiffeisen Bank Inte 0.430 9/9/2030 EUR 74.478
Norddeutsche Landesb 1.570 9/9/2038 EUR 68.651
Landesbank Hessen-Th 0.750 10/15/2035 EUR 66.848
Bayerische Landesban 1.620 5/21/2036 EUR 71.926
Lloyds Bank PLC 1.920 4/16/2044 EUR 73.810
Kreditanstalt fuer W 1.171 7/19/2051 EUR 71.056
Romanian Government 1.750 7/13/2030 EUR 72.222
SG Issuer SA 2.270 2/4/2032 EUR 59.190
Denmark Government B 0.250 11/15/2052 DKK 62.705
Corner Banca SA 10.000 1/23/2023 CHF 39.150
Centre Hospitalier U 0.490 12/1/2036 EUR 71.154
UBS AG/London 7.500 7/12/2023 CHF 61.650
UBS AG/London 10.000 8/23/2023 CHF 49.050
Credit Suisse AG/Lon 8.500 1/23/2023 USD 58.470
Norddeutsche Landesb 1.090 11/15/2043 EUR 68.400
Leonteq Securities A 9.000 12/14/2022 CHF 58.650
Landesbank Hessen-Th 0.500 2/2/2032 EUR 72.784
Landesbank Hessen-Th 0.450 1/7/2032 EUR 74.117
SpareBank 1 SR-Bank 1.020 10/8/2036 EUR 72.332
UBS AG/London 9.500 11/30/2022 CHF 40.700
Metal Hungaria Holdi 3.500 11/16/2031 HUF 65.000
Rikshem AB 2.137 1/29/2036 EUR 72.057
Landesbank Hessen-Th 0.750 10/27/2031 EUR 74.919
ENEL RUSSIA PJSC 8.600 12/15/2022 RUB 61.010
Sberbank of Russia P 0.010 8/6/2026 RUB 73.500
Credit Suisse AG/Lon 10.000 12/12/2022 CHF 6.960
State of North Rhine 1.450 1/19/2122 EUR 61.008
Credit Suisse AG/Lon 10.000 2/2/2023 USD 7.590
Caisse des Depots et 1.018 2/16/2051 EUR 67.867
Landesbank Hessen-Th 2.435 2/6/2048 EUR 69.964
Hungary Government B 3.000 10/27/2038 HUF 56.364
SkyGreen Buildings K 3.000 12/29/2030 HUF 63.500
Credit Suisse AG/Lon 7.000 12/8/2022 CHF 61.520
Raiffeisen Schweiz G 9.500 5/2/2023 CHF 45.970
VTB Bank PJSC 8.191 USD 37.800
Region of Centre-Val 0.755 11/2/2037 EUR 72.334
Zurcher Kantonalbank 19.000 4/6/2023 CHF 71.000
Russian Railways JSC 13.630 5/30/2040 RUB 50.010
Barclays Bank PLC 2.680 4/14/2031 AUD 74.065
NRW Bank 1.000 2/26/2050 EUR 69.002
Romanian Government 2.124 7/16/2031 EUR 72.119
Landesbank Hessen-Th 1.000 3/6/2035 EUR 68.850
Nykredit Realkredit 1.000 10/1/2053 DKK 74.660
French Republic Gove 0.500 5/25/2040 EUR 69.902
Region Provence-Alpe 0.785 6/18/2040 EUR 68.947
Region Wallonne Belg 1.300 6/16/2068 EUR 54.907
CTP NV 1.250 6/21/2029 EUR 66.944
DekaBank Deutsche Gi 3.000 12/29/2022 EUR 53.170
BNP Paribas Emission 19.000 6/22/2023 EUR 63.690
Credit Bank of Mosco 5.150 2/20/2024 EUR 18.453
Landesbank Saar 0.670 3/10/2034 EUR 71.267
Banque Cantonale Vau 7.300 9/16/2024 CHF 27.990
Italy Buoni Polienna 1.800 3/1/2041 EUR 72.876
Landesbank Baden-Wue 0.590 10/7/2032 EUR 70.014
Republic of Austria 1.500 11/2/2086 EUR 69.260
Kreditanstalt fuer W 0.620 1/14/2050 EUR 60.012
Bayerische Landesban 1.100 1/26/2024 EUR 68.460
Landesbank Baden-Wue 2.200 1/27/2023 EUR 65.950
Deutsche Pfandbriefb 2.000 7/9/2032 EUR 71.652
Barclays Bank PLC 2.730 9/27/2024 EUR 48.480
Landesbank Baden-Wue 0.710 11/9/2035 EUR 63.246
Single Platform Inve 1.301 6/25/2044 EUR 63.733
Nederlandse Watersch 0.260 11/10/2036 EUR 70.788
Basque Government 1.375 10/31/2070 EUR 49.897
Oberbank AG 1.850 4/18/2039 EUR 72.419
Skandinaviska Enskil 6.500 1/15/2024 SEK 72.050
Batigere Grand Est S 1.540 11/4/2041 EUR 66.093
Batigere Grand Est S 1.610 10/23/2040 EUR 67.867
Erste Group Bank AG 4.500 10/1/2025 EUR 44.500
Department of Bouche 0.810 12/16/2041 EUR 66.584
State of Lower Austr 0.400 10/13/2050 EUR 52.940
Credit Industriel Et 1.170 1/28/2037 EUR 71.453
Russian Foreign Bond 12.750 6/24/2028 USD 72.435
Solarwatt GmbH 7.000 11/1/2015 EUR 15.500
Republic of Belarus 7.625 6/29/2027 USD 34.688
Bayerische Landesban 1.350 12/23/2022 EUR 57.810
DZ Bank AG Deutsche 2.240 8/22/2034 USD 73.639
Sparekassen Bredebro 3.750 4/15/2031 DKK 68.418
Raiffeisen Schweiz G 7.000 9/20/2023 CHF 65.910
UBS AG/London 7.000 1/23/2023 USD 67.600
United Kingdom Gilt 0.875 1/31/2046 GBP 59.391
Bank Vontobel AG 15.000 6/26/2023 EUR 70.200
BNP Paribas Emission 6.000 12/22/2022 EUR 35.090
Skandinaviska Enskil 9.500 7/17/2023 SEK 67.330
Skandinaviska Enskil 10.360 7/17/2023 SEK 70.595
Hungary Government B 2.000 5/23/2029 HUF 69.945
Nederlandse Watersch 1.125 7/8/2050 EUR 68.773
Lehman Brothers Trea 13.432 1/8/2009 ILS 0.100
Batigere Grand Est S 1.600 11/14/2044 EUR 65.147
Progress Etteremhalo 3.000 9/18/2030 HUF 63.800
Nederlandse Watersch 1.080 10/26/2050 EUR 67.381
Astana Finance BV 9.000 11/16/2011 USD 15.250
Northland Resources 12.250 3/26/2016 USD 2.621
Credit Suisse AG/Lon 0.500 1/8/2026 BRL 65.378
Norske Skogindustrie 7.125 10/15/2033 USD 0.010
Region de Bruxelles- 1.015 1/23/2051 EUR 61.075
State of North Rhine 1.513 7/27/2065 EUR 73.901
New World Resources 8.000 4/7/2020 EUR 0.103
Waste Italia SpA 10.500 11/15/2019 EUR 0.550
Bank Julius Baer & C 9.600 3/30/2023 USD 67.600
DZ Bank AG Deutsche 4.800 12/19/2022 EUR 72.660
DZ Bank AG Deutsche 5.800 12/19/2022 EUR 71.170
DZ Bank AG Deutsche 4.900 3/20/2023 EUR 73.940
DZ Bank AG Deutsche 6.100 12/19/2022 EUR 50.970
DZ Bank AG Deutsche 5.600 3/20/2023 EUR 52.370
Leonteq Securities A 15.000 1/3/2023 CHF 71.830
Leonteq Securities A 8.000 6/30/2023 USD 59.880
DZ Bank AG Deutsche 8.250 12/19/2022 EUR 49.150
DZ Bank AG Deutsche 6.250 3/20/2023 EUR 48.100
VTB Bank PJSC 0.010 11/25/2026 RUB 65.000
Biznes Nedvizhimost 10.800 12/18/2026 RUB 62.000
Bank Vontobel AG 10.000 8/16/2023 CHF 73.200
Vontobel Financial P 18.750 12/23/2022 EUR 45.200
Vontobel Financial P 15.000 12/23/2022 EUR 69.670
Vontobel Financial P 24.000 12/23/2022 EUR 55.580
Vontobel Financial P 9.000 12/23/2022 EUR 49.890
Vontobel Financial P 12.000 12/23/2022 EUR 46.160
Vontobel Financial P 11.000 12/23/2022 EUR 46.830
Vontobel Financial P 7.500 12/23/2022 EUR 51.560
Vontobel Financial P 10.000 12/23/2022 EUR 48.310
Vontobel Financial P 13.500 12/23/2022 EUR 30.990
Vontobel Financial P 6.500 12/23/2022 EUR 53.390
Vontobel Financial P 8.000 12/23/2022 EUR 71.120
Vontobel Financial P 7.500 12/23/2022 EUR 64.870
Landesbank Hessen-Th 1.000 2/11/2037 EUR 68.119
Bank Vontobel AG 20.000 1/3/2023 CHF 64.500
Bank Vontobel AG 7.000 3/30/2023 CHF 50.500
Credit Suisse AG/Lon 16.000 12/29/2022 CHF 60.810
Credit Suisse AG/Lon 12.000 12/29/2022 CHF 54.750
Vontobel Financial P 14.500 12/23/2022 EUR 69.630
Vontobel Financial P 8.500 12/23/2022 EUR 73.870
Vontobel Financial P 9.500 12/23/2022 EUR 71.890
Vontobel Financial P 17.000 12/23/2022 EUR 63.680
Vontobel Financial P 16.500 12/23/2022 EUR 71.250
Vontobel Financial P 20.000 12/23/2022 EUR 67.110
Vontobel Financial P 18.000 12/23/2022 EUR 69.820
Vontobel Financial P 15.500 12/23/2022 EUR 72.800
Vontobel Financial P 19.000 12/23/2022 EUR 68.420
Vontobel Financial P 18.500 12/23/2022 EUR 62.290
Vontobel Financial P 17.000 12/23/2022 EUR 63.030
Zurcher Kantonalbank 16.500 2/14/2023 USD 52.050
Vontobel Financial P 7.000 12/23/2022 EUR 64.450
Vontobel Financial P 15.000 12/23/2022 EUR 64.980
Vontobel Financial P 14.500 12/23/2022 EUR 43.860
Vontobel Financial P 11.000 12/23/2022 EUR 66.370
Vontobel Financial P 5.000 12/23/2022 EUR 65.980
Vontobel Financial P 8.350 2/20/2023 EUR 74.410
DZ Bank AG Deutsche 12.300 12/23/2022 EUR 29.640
DZ Bank AG Deutsche 11.600 12/23/2022 EUR 73.250
Landesbank Baden-Wue 3.500 2/24/2023 EUR 62.970
DZ Bank AG Deutsche 18.900 12/23/2022 EUR 47.180
Landesbank Baden-Wue 2.000 2/24/2023 EUR 69.400
Landesbank Baden-Wue 3.350 2/24/2023 EUR 63.210
SG Issuer SA 2.000 12/22/2036 EUR 66.260
Zurcher Kantonalbank 9.000 12/30/2022 CHF 55.290
Zurcher Kantonalbank 7.000 12/30/2022 CHF 38.960
MKB-Leasing OOO 9.200 12/22/2027 RUB 65.000
Landesbank Baden-Wue 7.500 2/24/2023 EUR 39.220
Landesbank Baden-Wue 2.500 2/24/2023 EUR 61.160
Landesbank Baden-Wue 4.000 2/24/2023 EUR 59.230
Landesbank Baden-Wue 10.000 2/24/2023 EUR 70.470
UniCredit Bank AG 3.700 1/27/2025 EUR 58.420
Landesbank Baden-Wue 3.300 2/24/2023 EUR 47.580
Landesbank Baden-Wue 2.700 3/24/2023 EUR 68.130
Landesbank Baden-Wue 4.200 3/24/2023 EUR 64.330
Landesbank Baden-Wue 2.200 2/24/2023 EUR 62.740
Landesbank Baden-Wue 4.700 2/24/2023 EUR 56.420
Erste Group Bank AG 1.360 2/23/2036 EUR 74.482
Vontobel Financial P 13.500 12/23/2022 EUR 42.990
Vontobel Financial P 15.500 2/20/2023 EUR 70.910
Vontobel Financial P 12.250 12/23/2022 EUR 67.990
Leonteq Securities A 24.000 1/6/2023 CHF 13.720
Vontobel Financial P 21.000 12/23/2022 EUR 59.740
Vontobel Financial P 15.000 12/23/2022 EUR 73.910
Vontobel Financial P 14.500 12/23/2022 EUR 62.700
Vontobel Financial P 16.500 12/23/2022 EUR 60.900
Vontobel Financial P 18.500 12/23/2022 EUR 59.200
Vontobel Financial P 10.500 12/23/2022 EUR 66.700
Vontobel Financial P 20.000 12/23/2022 EUR 74.850
Vontobel Financial P 7.500 12/23/2022 EUR 71.400
Vontobel Financial P 6.000 12/23/2022 EUR 74.000
Vontobel Financial P 10.500 12/23/2022 EUR 74.370
Vontobel Financial P 12.500 12/23/2022 EUR 64.630
Vontobel Financial P 9.000 12/23/2022 EUR 68.960
Vontobel Financial P 12.000 12/23/2022 EUR 72.410
Vontobel Financial P 15.500 12/23/2022 EUR 68.870
Vontobel Financial P 17.000 12/23/2022 EUR 67.220
Vontobel Financial P 7.000 12/23/2022 EUR 55.760
Vontobel Financial P 14.000 12/23/2022 EUR 70.610
Vontobel Financial P 4.500 12/23/2022 EUR 60.030
Vontobel Financial P 8.500 12/23/2022 EUR 53.880
Vontobel Financial P 17.000 12/23/2022 EUR 46.340
Vontobel Financial P 15.000 12/23/2022 EUR 47.630
Vontobel Financial P 10.000 12/23/2022 EUR 52.140
Vontobel Financial P 5.500 12/23/2022 EUR 57.790
Vontobel Financial P 19.000 12/23/2022 EUR 45.140
Vontobel Financial P 11.500 12/23/2022 EUR 50.510
Vontobel Financial P 13.500 12/23/2022 EUR 49.040
Vontobel Financial P 13.500 12/23/2022 EUR 69.040
Vontobel Financial P 11.000 12/23/2022 EUR 72.200
Vontobel Financial P 10.000 12/23/2022 EUR 73.940
Vontobel Financial P 10.000 12/23/2022 EUR 72.510
Vontobel Financial P 15.500 12/23/2022 EUR 65.420
Vontobel Financial P 11.500 12/23/2022 EUR 69.940
Vontobel Financial P 19.000 12/23/2022 EUR 61.490
Vontobel Financial P 13.500 12/23/2022 EUR 67.600
Vontobel Financial P 14.500 12/23/2022 EUR 67.570
Vontobel Financial P 12.500 12/23/2022 EUR 70.600
Vontobel Financial P 22.500 12/23/2022 EUR 60.080
Vontobel Financial P 18.500 12/23/2022 EUR 63.560
Vontobel Financial P 16.000 12/23/2022 EUR 66.170
Vontobel Financial P 20.000 12/23/2022 EUR 62.360
Vontobel Financial P 16.500 12/23/2022 EUR 71.920
Vontobel Financial P 21.000 12/23/2022 EUR 61.180
Vontobel Financial P 17.000 12/23/2022 EUR 64.830
Vontobel Financial P 4.500 12/23/2022 EUR 66.660
Vontobel Financial P 9.500 12/23/2022 EUR 57.490
Vontobel Financial P 16.000 12/23/2022 EUR 50.790
Vontobel Financial P 7.500 12/23/2022 EUR 73.630
Vontobel Financial P 14.500 12/23/2022 EUR 70.690
Vontobel Financial P 9.500 12/23/2022 EUR 69.440
Vontobel Financial P 11.500 12/23/2022 EUR 65.750
Vontobel Financial P 15.500 12/23/2022 EUR 59.500
Vontobel Financial P 13.500 12/23/2022 EUR 62.500
Vontobel Financial P 18.000 12/23/2022 EUR 56.880
Vontobel Financial P 20.500 12/23/2022 EUR 54.510
Vontobel Financial P 18.500 12/23/2022 EUR 65.970
Vontobel Financial P 11.500 12/23/2022 EUR 42.390
Vontobel Financial P 11.000 12/23/2022 EUR 44.150
Vontobel Financial P 15.500 12/23/2022 EUR 40.970
Vontobel Financial P 13.500 12/23/2022 EUR 42.510
Vontobel Financial P 3.500 12/23/2022 EUR 52.840
Vontobel Financial P 5.000 12/23/2022 EUR 50.290
Vontobel Financial P 9.000 12/23/2022 EUR 46.000
Vontobel Financial P 7.000 12/23/2022 EUR 48.050
Vontobel Financial P 17.000 12/23/2022 EUR 74.450
Vontobel Financial P 17.000 12/23/2022 EUR 72.630
Vontobel Financial P 14.000 12/23/2022 EUR 74.710
Vontobel Financial P 10.500 12/23/2022 EUR 74.060
Vontobel Financial P 15.000 12/23/2022 EUR 68.730
Vontobel Financial P 12.500 12/23/2022 EUR 71.280
Vontobel Financial P 17.000 12/23/2022 EUR 66.340
Vontobel Financial P 5.000 12/23/2022 EUR 56.570
Vontobel Financial P 8.500 12/23/2022 EUR 51.030
Vontobel Financial P 9.000 12/23/2022 EUR 50.070
Vontobel Financial P 11.000 12/23/2022 EUR 48.280
Vontobel Financial P 13.000 12/23/2022 EUR 46.660
Vontobel Financial P 7.000 12/23/2022 EUR 53.110
Vontobel Financial P 7.500 12/23/2022 EUR 52.040
Vontobel Financial P 6.000 12/23/2022 EUR 54.180
Vontobel Financial P 10.000 12/23/2022 EUR 49.170
Vontobel Financial P 13.500 12/23/2022 EUR 45.890
Vontobel Financial P 14.500 12/23/2022 EUR 45.100
Vontobel Financial P 16.500 12/23/2022 EUR 43.710
Vontobel Financial P 17.500 12/23/2022 EUR 37.570
Vontobel Financial P 6.500 12/23/2022 EUR 49.020
Vontobel Financial P 14.500 12/23/2022 EUR 39.800
Vontobel Financial P 24.500 12/23/2022 EUR 36.820
Vontobel Financial P 9.000 12/23/2022 EUR 45.470
Vontobel Financial P 13.000 12/23/2022 EUR 59.360
Vontobel Financial P 9.000 12/23/2022 EUR 66.410
Vontobel Financial P 11.000 12/23/2022 EUR 62.670
Vontobel Financial P 19.000 12/23/2022 EUR 51.380
Vontobel Financial P 15.000 12/23/2022 EUR 56.400
Vontobel Financial P 17.000 12/23/2022 EUR 53.760
Vontobel Financial P 21.500 12/23/2022 EUR 49.260
Vontobel Financial P 17.000 12/23/2022 EUR 71.120
Vontobel Financial P 18.500 12/23/2022 EUR 69.460
Vontobel Financial P 15.500 12/23/2022 EUR 72.860
Vontobel Financial P 20.000 12/23/2022 EUR 67.900
Vontobel Financial P 14.000 12/23/2022 EUR 69.970
Vontobel Financial P 16.000 12/23/2022 EUR 67.490
Vontobel Financial P 11.500 12/23/2022 EUR 72.650
Vontobel Financial P 7.000 12/23/2022 EUR 46.560
Vontobel Financial P 19.500 12/23/2022 EUR 73.600
Vontobel Financial P 5.500 12/23/2022 EUR 49.100
Vontobel Financial P 6.000 12/23/2022 EUR 47.780
Vontobel Financial P 8.000 12/23/2022 EUR 45.410
Vontobel Financial P 8.500 12/23/2022 EUR 44.290
Vontobel Financial P 5.000 12/23/2022 EUR 50.510
Vontobel Financial P 9.500 12/23/2022 EUR 43.260
Vontobel Financial P 15.500 12/23/2022 EUR 38.080
Vontobel Financial P 14.500 12/23/2022 EUR 38.840
Vontobel Financial P 16.500 12/23/2022 EUR 37.350
Vontobel Financial P 17.500 12/23/2022 EUR 36.660
Vontobel Financial P 19.500 12/23/2022 EUR 35.370
Vontobel Financial P 18.500 12/23/2022 EUR 36.000
Vontobel Financial P 10.500 12/23/2022 EUR 42.280
Vontobel Financial P 13.500 12/23/2022 EUR 39.640
Vontobel Financial P 11.500 12/23/2022 EUR 41.360
Vontobel Financial P 12.500 12/23/2022 EUR 40.470
Vontobel Financial P 15.500 12/23/2022 EUR 65.230
Vontobel Financial P 12.500 12/23/2022 EUR 72.320
Vontobel Financial P 16.000 12/23/2022 EUR 68.780
Vontobel Financial P 18.000 12/23/2022 EUR 70.530
Vontobel Financial P 15.000 12/23/2022 EUR 73.890
Vontobel Financial P 16.500 12/23/2022 EUR 72.170
Vontobel Financial P 11.500 12/23/2022 EUR 70.830
Vontobel Financial P 10.500 12/23/2022 EUR 52.460
Vontobel Financial P 12.000 12/23/2022 EUR 67.760
Vontobel Financial P 13.500 12/23/2022 EUR 66.090
Vontobel Financial P 16.000 12/23/2022 EUR 62.990
Vontobel Financial P 14.500 12/23/2022 EUR 64.510
Vontobel Financial P 12.000 12/23/2022 EUR 74.890
Vontobel Financial P 15.000 12/23/2022 EUR 71.720
Vontobel Financial P 16.500 12/23/2022 EUR 70.240
Vontobel Financial P 13.500 12/23/2022 EUR 73.260
Vontobel Financial P 19.000 12/23/2022 EUR 21.780
Vontobel Financial P 24.000 12/23/2022 EUR 19.160
Vontobel Financial P 3.000 12/23/2022 EUR 60.560
Vontobel Financial P 4.000 12/23/2022 EUR 57.790
Vontobel Financial P 3.500 12/23/2022 EUR 59.140
Vontobel Financial P 5.500 12/23/2022 EUR 55.350
Vontobel Financial P 17.500 12/23/2022 EUR 43.070
Vontobel Financial P 15.500 12/23/2022 EUR 44.410
Vontobel Financial P 12.000 12/23/2022 EUR 47.460
Vontobel Financial P 18.500 12/23/2022 EUR 42.430
Vontobel Financial P 17.000 12/23/2022 EUR 71.730
Vontobel Financial P 8.500 12/23/2022 EUR 73.470
Vontobel Financial P 9.500 12/23/2022 EUR 71.450
Vontobel Financial P 10.500 12/23/2022 EUR 69.520
Raiffeisen Schweiz G 12.000 12/30/2022 CHF 58.040
Basler Kantonalbank 11.000 8/9/2023 CHF 74.740
Zurcher Kantonalbank 8.800 7/26/2023 CHF 74.980
Zurcher Kantonalbank 10.000 1/26/2023 CHF 65.210
EFG International Fi 4.660 1/26/2023 EUR 69.560
UBS AG/London 9.170 1/30/2024 USD 8.469
EFG International Fi 3.120 1/31/2023 EUR 68.230
Leonteq Securities A 20.000 2/1/2023 CHF 64.620
Erste Group Bank AG 1.170 1/28/2037 EUR 70.136
Raiffeisen Schweiz G 13.000 1/31/2023 CHF 53.130
Raiffeisen Schweiz G 19.000 1/31/2023 CHF 34.240
Citigroup Global Mar 1.000 1/21/2036 EUR 67.457
Zurcher Kantonalbank 10.500 1/27/2023 EUR 52.500
Bank Vontobel AG 12.000 1/30/2023 CHF 13.800
Credit Suisse AG/Lon 8.750 1/27/2023 CHF 69.340
Bank Vontobel AG 18.250 1/30/2023 CHF 15.300
Bank Vontobel AG 7.000 7/28/2023 CHF 70.400
Credit Suisse AG/Lon 9.250 1/27/2023 USD 55.990
UBS AG/London 16.350 1/31/2024 USD 7.433
UBS AG/London 15.800 1/31/2024 USD 7.463
DZ Bank AG Deutsche 10.700 6/23/2023 EUR 50.750
DZ Bank AG Deutsche 7.900 6/23/2023 EUR 70.930
DZ Bank AG Deutsche 10.000 6/23/2023 EUR 68.070
DZ Bank AG Deutsche 6.400 6/23/2023 EUR 59.150
DZ Bank AG Deutsche 10.800 3/24/2023 EUR 69.150
DZ Bank AG Deutsche 9.300 6/23/2023 EUR 67.390
DZ Bank AG Deutsche 7.300 6/23/2023 EUR 68.500
DZ Bank AG Deutsche 10.400 6/23/2023 EUR 63.830
DZ Bank AG Deutsche 20.100 3/24/2023 EUR 71.630
DZ Bank AG Deutsche 14.400 12/23/2022 EUR 74.780
Leonteq Securities A 14.000 1/3/2023 CHF 30.100
Leonteq Securities A 9.000 6/30/2023 CHF 50.170
EFG International Fi 18.000 2/16/2023 CHF 26.290
DZ Bank AG Deutsche 5.100 12/19/2022 EUR 52.130
DZ Bank AG Deutsche 4.800 3/20/2023 EUR 53.320
UBS AG/London 8.400 9/11/2023 EUR 72.290
Corner Banca SA 18.000 1/3/2023 USD 62.840
DZ Bank AG Deutsche 6.250 12/19/2022 EUR 68.960
DZ Bank AG Deutsche 5.000 3/20/2023 EUR 55.020
Raiffeisen Switzerla 9.000 6/30/2023 USD 71.290
VTB Bank PJSC 0.010 12/13/2024 RUB 74.040
Luzerner Kantonalban 5.000 6/28/2023 CHF 69.560
Zurcher Kantonalbank 6.800 12/28/2022 CHF 74.080
Societe Generale Eff 4.930 2/17/2023 USD 74.110
Vontobel Financial P 16.000 12/23/2022 EUR 72.450
Vontobel Financial P 15.000 12/23/2022 EUR 74.170
Vontobel Financial P 19.000 12/23/2022 EUR 67.770
EFG International Fi 19.000 12/29/2022 USD 67.660
Vontobel Financial P 6.000 12/23/2022 EUR 37.550
Vontobel Financial P 21.000 12/23/2022 EUR 59.550
Vontobel Financial P 12.500 12/23/2022 EUR 45.490
Vontobel Financial P 9.500 12/23/2022 EUR 49.090
Vontobel Financial P 10.500 12/23/2022 EUR 47.560
Vontobel Financial P 18.000 12/23/2022 EUR 40.870
Vontobel Financial P 7.500 12/23/2022 EUR 35.320
Vontobel Financial P 12.000 12/23/2022 EUR 31.730
Vontobel Financial P 18.000 12/23/2022 EUR 64.180
Vontobel Financial P 7.000 12/23/2022 EUR 52.450
Vontobel Financial P 7.500 12/23/2022 EUR 62.820
Vontobel Financial P 8.000 12/23/2022 EUR 59.330
Vontobel Financial P 5.500 12/23/2022 EUR 57.370
Leonteq Securities A 25.200 2/17/2023 CHF 19.140
Banque International 10.000 8/9/2023 CHF 67.200
Leonteq Securities A 22.800 2/15/2023 CHF 51.440
Credit Suisse AG/Lon 11.500 12/23/2022 USD 37.620
Leonteq Securities A 24.120 12/30/2022 CHF 61.500
Landesbank Baden-Wue 2.300 12/22/2023 EUR 69.770
Landesbank Baden-Wue 5.900 12/22/2023 EUR 46.070
Landesbank Baden-Wue 9.500 12/22/2023 EUR 57.510
Landesbank Baden-Wue 4.800 12/22/2023 EUR 72.630
Landesbank Baden-Wue 2.600 12/22/2023 EUR 60.680
Landesbank Baden-Wue 4.300 12/22/2023 EUR 74.220
Landesbank Baden-Wue 7.000 12/22/2023 EUR 35.110
Landesbank Baden-Wue 4.150 12/22/2023 EUR 56.260
UniCredit Bank AG 7.000 3/15/2023 EUR 70.750
UniCredit Bank AG 7.600 3/15/2023 EUR 40.620
Credit Suisse AG/Lon 8.500 5/10/2023 USD 69.770
Vontobel Financial P 8.000 12/23/2022 EUR 73.090
UBS AG/London 7.250 12/29/2023 CHF 68.900
UBS AG/London 8.500 6/29/2023 CHF 64.600
UBS AG/London 6.500 12/29/2023 CHF 63.650
UBS AG/London 17.500 12/29/2022 USD 54.950
Societe Generale Eff 8.000 1/27/2023 EUR 56.880
Vontobel Financial P 5.000 3/24/2023 EUR 61.180
Vontobel Financial P 21.500 12/23/2022 EUR 65.020
Vontobel Financial P 15.000 3/24/2023 EUR 68.120
Vontobel Financial P 11.500 12/23/2022 EUR 71.670
Vontobel Financial P 14.000 12/23/2022 EUR 69.280
Vontobel Financial P 11.000 3/24/2023 EUR 72.440
Credit Suisse AG/Lon 4.600 3/31/2023 USD 8.810
Credit Suisse AG/Lon 6.200 3/31/2023 USD 8.890
Vontobel Financial P 13.000 12/23/2022 EUR 71.690
Vontobel Financial P 18.500 3/24/2023 EUR 65.980
Vontobel Financial P 7.500 12/23/2022 EUR 55.790
Vontobel Financial P 12.000 12/23/2022 EUR 50.550
Vontobel Financial P 17.500 12/23/2022 EUR 46.380
Vontobel Financial P 17.000 3/24/2023 EUR 70.700
Vontobel Financial P 15.000 3/24/2023 EUR 73.790
Vontobel Financial P 16.500 3/24/2023 EUR 70.140
Vontobel Financial P 13.500 3/24/2023 EUR 73.790
Vontobel Financial P 16.000 12/23/2022 EUR 67.710
Vontobel Financial P 19.500 12/23/2022 EUR 64.230
Vontobel Financial P 18.000 12/23/2022 EUR 65.940
Vontobel Financial P 13.500 12/23/2022 EUR 74.160
Vontobel Financial P 16.500 12/23/2022 EUR 70.880
Vontobel Financial P 18.000 12/23/2022 EUR 69.350
Vontobel Financial P 19.500 12/23/2022 EUR 67.890
Vontobel Financial P 20.500 12/23/2022 EUR 66.470
Banque Cantonale Vau 12.360 6/27/2023 CHF 73.020
Vontobel Financial P 13.500 3/24/2023 EUR 69.320
Vontobel Financial P 11.500 12/23/2022 EUR 71.590
Vontobel Financial P 13.000 12/23/2022 EUR 69.720
Vontobel Financial P 18.000 12/23/2022 EUR 72.730
Vontobel Financial P 16.000 12/23/2022 EUR 74.590
Vontobel Financial P 15.500 3/24/2023 EUR 71.290
Vontobel Financial P 14.500 3/24/2023 EUR 68.230
Vontobel Financial P 13.000 3/24/2023 EUR 50.600
Vontobel Financial P 10.000 3/24/2023 EUR 52.780
Vontobel Financial P 8.000 3/24/2023 EUR 55.720
Vontobel Financial P 14.000 3/24/2023 EUR 49.490
Vontobel Financial P 11.500 3/24/2023 EUR 51.640
Vontobel Financial P 19.000 12/23/2022 EUR 45.140
Vontobel Financial P 17.000 3/24/2023 EUR 47.830
Vontobel Financial P 15.500 3/24/2023 EUR 48.620
Vontobel Financial P 10.500 12/23/2022 EUR 52.170
Vontobel Financial P 10.000 12/23/2022 EUR 74.300
Vontobel Financial P 12.500 3/24/2023 EUR 70.470
Vontobel Financial P 14.500 3/24/2023 EUR 68.810
Vontobel Financial P 9.500 3/24/2023 EUR 74.550
Vontobel Financial P 17.500 3/24/2023 EUR 65.600
Vontobel Financial P 19.000 3/24/2023 EUR 64.180
Vontobel Financial P 13.000 12/23/2022 EUR 70.040
Vontobel Financial P 15.000 12/23/2022 EUR 67.700
Vontobel Financial P 16.000 3/24/2023 EUR 67.140
Vontobel Financial P 11.000 12/23/2022 EUR 72.570
Vontobel Financial P 21.500 12/23/2022 EUR 61.660
Vontobel Financial P 17.500 12/23/2022 EUR 65.560
Vontobel Financial P 19.500 12/23/2022 EUR 63.540
Vontobel Financial P 16.000 3/24/2023 EUR 74.520
Vontobel Financial P 17.000 3/24/2023 EUR 73.050
DZ Bank AG Deutsche 15.400 6/23/2023 EUR 60.970
DZ Bank AG Deutsche 17.000 6/23/2023 EUR 58.520
DZ Bank AG Deutsche 13.900 6/23/2023 EUR 63.790
DZ Bank AG Deutsche 18.600 6/23/2023 EUR 56.400
DZ Bank AG Deutsche 7.400 2/24/2023 EUR 52.200
DZ Bank AG Deutsche 9.600 2/24/2023 EUR 50.140
DZ Bank AG Deutsche 3.800 6/23/2023 EUR 55.500
DZ Bank AG Deutsche 5.000 6/23/2023 EUR 53.190
DZ Bank AG Deutsche 6.400 6/23/2023 EUR 51.290
DZ Bank AG Deutsche 8.000 6/23/2023 EUR 49.750
DZ Bank AG Deutsche 9.400 2/24/2023 EUR 71.620
DZ Bank AG Deutsche 8.200 6/23/2023 EUR 70.850
DZ Bank AG Deutsche 6.100 6/23/2023 EUR 56.410
DZ Bank AG Deutsche 12.500 6/23/2023 EUR 67.690
Sberbank of Russia P 0.010 12/30/2026 RUB 73.800
Leonteq Securities A 7.000 1/5/2024 CHF 72.160
DZ Bank AG Deutsche 4.700 6/23/2023 EUR 74.310
DZ Bank AG Deutsche 6.800 6/23/2023 EUR 70.320
DZ Bank AG Deutsche 12.400 2/24/2023 EUR 62.840
DZ Bank AG Deutsche 8.800 6/23/2023 EUR 66.010
DZ Bank AG Deutsche 7.900 6/23/2023 EUR 70.380
DZ Bank AG Deutsche 22.800 2/24/2023 EUR 66.800
DZ Bank AG Deutsche 24.900 2/24/2023 EUR 63.120
DZ Bank AG Deutsche 18.100 6/23/2023 EUR 72.740
DZ Bank AG Deutsche 19.500 6/23/2023 EUR 69.770
DZ Bank AG Deutsche 20.900 6/23/2023 EUR 67.060
DZ Bank AG Deutsche 22.400 6/23/2023 EUR 64.430
DZ Bank AG Deutsche 13.600 6/23/2023 EUR 74.340
Leonteq Securities A 9.000 1/3/2023 USD 57.440
Leonteq Securities A 8.000 6/30/2023 CHF 66.000
VTB Bank PJSC 0.010 12/20/2024 RUB 74.850
Raiffeisen Schweiz G 14.200 2/14/2023 CHF 54.080
Raiffeisen Schweiz G 15.000 2/14/2023 CHF 71.500
Raiffeisen Switzerla 8.600 8/11/2023 USD 67.530
DZ Bank AG Deutsche 5.600 3/20/2023 EUR 72.620
Leonteq Securities A 7.000 2/13/2023 EUR 56.110
Leonteq Securities A 24.120 12/28/2022 CHF 8.990
UBS AG/London 5.250 9/11/2023 EUR 70.740
Leonteq Securities A 8.000 6/30/2023 CHF 66.020
Leonteq Securities A 12.000 3/30/2023 CHF 16.180
DZ Bank AG Deutsche 4.750 12/19/2022 EUR 48.960
Raiffeisen Switzerla 15.000 12/30/2022 CHF 57.060
Raiffeisen Switzerla 20.000 12/30/2022 CHF 66.230
Raiffeisen Switzerla 6.500 1/3/2024 CHF 67.140
Raiffeisen Switzerla 12.000 12/30/2022 CHF 36.200
BNP Paribas Emission 3.000 2/11/2026 EUR 64.200
Credit Suisse AG/Lon 12.000 2/13/2023 CHF 14.350
Credit Suisse AG/Lon 8.000 2/13/2023 CHF 74.160
Zurcher Kantonalbank 9.000 6/28/2023 CHF 71.180
Vontobel Financial P 7.500 12/23/2022 EUR 59.030
Vontobel Financial P 3.500 3/24/2023 EUR 67.360
Vontobel Financial P 7.500 3/24/2023 EUR 59.120
Bank Julius Baer & C 13.500 2/15/2023 CHF 57.650
Basler Kantonalbank 15.000 5/24/2023 CHF 20.000
UBS AG/London 16.750 3/2/2023 USD 63.300
UBS AG/London 11.500 3/2/2023 USD 73.750
UBS AG/London 14.000 3/2/2023 CHF 63.650
Vontobel Financial P 13.500 12/23/2022 EUR 57.710
Vontobel Financial P 19.500 12/23/2022 EUR 56.160
Landesbank Baden-Wue 2.400 12/22/2023 EUR 56.230
Landesbank Baden-Wue 5.000 12/22/2023 EUR 63.110
Landesbank Baden-Wue 4.200 12/22/2023 EUR 56.260
Landesbank Baden-Wue 2.300 12/22/2023 EUR 56.950
Landesbank Baden-Wue 6.300 12/22/2023 EUR 59.460
Landesbank Baden-Wue 3.000 12/22/2023 EUR 68.230
Landesbank Baden-Wue 9.200 12/22/2023 EUR 72.560
Landesbank Baden-Wue 2.500 12/22/2023 EUR 59.260
Landesbank Baden-Wue 3.000 12/22/2023 EUR 56.340
Landesbank Baden-Wue 5.600 12/22/2023 EUR 71.120
Societe Generale Eff 15.750 12/23/2022 EUR 62.770
Societe Generale Eff 4.750 12/23/2022 EUR 62.810
Vontobel Financial P 6.500 12/23/2022 EUR 74.990
Vontobel Financial P 8.250 12/23/2022 EUR 66.480
Vontobel Financial P 13.250 12/23/2022 EUR 59.970
Vontobel Financial P 11.000 12/23/2022 EUR 52.260
Vontobel Financial P 21.750 12/23/2022 EUR 68.160
Vontobel Financial P 22.000 12/23/2022 EUR 44.890
UBS AG/London 9.500 6/29/2023 CHF 41.100
UBS AG/London 6.500 12/29/2023 USD 39.200
UBS AG/London 6.000 6/29/2023 CHF 69.100
UBS AG/London 13.750 12/29/2022 CHF 62.650
Societe Generale Eff 6.000 1/27/2023 EUR 60.980
Vontobel Financial P 7.710 3/30/2023 EUR 74.860
Vontobel Financial P 7.000 3/24/2023 EUR 57.380
Vontobel Financial P 10.000 12/23/2022 EUR 73.580
Vontobel Financial P 16.500 3/24/2023 EUR 66.800
Vontobel Financial P 11.500 3/24/2023 EUR 71.840
Vontobel Financial P 15.000 12/23/2022 EUR 67.990
Vontobel Financial P 10.000 3/24/2023 EUR 73.770
Vontobel Financial P 12.000 3/24/2023 EUR 73.030
Vontobel Financial P 6.500 12/23/2022 EUR 57.860
Vontobel Financial P 15.500 12/23/2022 EUR 47.660
Vontobel Financial P 13.500 12/23/2022 EUR 49.040
Vontobel Financial P 9.000 12/23/2022 EUR 53.910
Vontobel Financial P 19.000 3/24/2023 EUR 67.960
Vontobel Financial P 14.500 3/24/2023 EUR 72.510
Vontobel Financial P 19.000 3/24/2023 EUR 68.160
Vontobel Financial P 17.500 3/24/2023 EUR 69.040
Vontobel Financial P 15.000 3/24/2023 EUR 69.170
Vontobel Financial P 11.500 12/23/2022 EUR 73.870
Credit Suisse AG/Lon 9.250 12/27/2022 CHF 8.320
Credit Suisse AG/Lon 8.500 3/24/2023 USD 56.550
Zurcher Kantonalbank 9.000 12/27/2022 CHF 70.660
Vontobel Financial P 15.000 12/23/2022 EUR 72.470
DZ Bank AG Deutsche 7.700 6/23/2023 EUR 71.240
Leonteq Securities A 19.000 1/3/2023 CHF 31.830
DZ Bank AG Deutsche 13.100 12/23/2022 EUR 66.630
DZ Bank AG Deutsche 10.200 2/24/2023 EUR 65.650
DZ Bank AG Deutsche 12.100 6/23/2023 EUR 61.950
DZ Bank AG Deutsche 10.900 6/23/2023 EUR 66.630
DZ Bank AG Deutsche 23.000 12/23/2022 EUR 68.790
DZ Bank AG Deutsche 21.900 3/24/2023 EUR 67.580
DZ Bank AG Deutsche 23.800 3/24/2023 EUR 64.190
DZ Bank AG Deutsche 17.800 12/23/2022 EUR 70.050
DZ Bank AG Deutsche 15.300 3/24/2023 EUR 73.440
DZ Bank AG Deutsche 9.700 2/24/2023 EUR 71.310
Leonteq Securities A 11.000 3/30/2023 CHF 39.000
Raiffeisen Schweiz G 11.300 2/14/2023 CHF 49.980
EFG International Fi 16.000 2/16/2023 USD 61.660
Landesbank Hessen-Th 1.510 4/3/2036 EUR 74.348
Corner Banca SA 10.000 8/25/2023 CHF 69.890
Leonteq Securities A 14.000 2/28/2023 EUR 51.400
Bank Vontobel AG 11.000 2/23/2024 CHF 25.100
Credit Suisse AG/Lon 10.250 5/22/2023 EUR 55.160
DZ Bank AG Deutsche 4.250 3/22/2023 EUR 50.590
DZ Bank AG Deutsche 7.750 3/22/2023 EUR 74.160
Bank Julius Baer & C 15.000 8/29/2023 CHF 27.650
UBS AG/London 15.000 3/16/2023 EUR 61.750
Credit Suisse AG/Lon 6.000 1/13/2023 CHF 70.620
Bank Vontobel AG 8.250 7/14/2023 EUR 73.100
Bank Vontobel AG 6.750 7/14/2023 CHF 62.100
Landesbank Baden-Wue 4.850 9/22/2023 EUR 56.560
NRW Bank 1.033 1/27/2042 EUR 74.060
Erste Group Bank AG 6.750 2/15/2023 EUR 71.000
Erste Group Bank AG 4.750 2/15/2023 EUR 73.500
Banque International 11.000 7/12/2023 EUR 56.180
BNP Paribas Emission 3.000 3/23/2023 EUR 69.230
BNP Paribas Emission 4.000 3/23/2023 EUR 59.540
BNP Paribas Emission 4.000 3/23/2023 EUR 57.380
Bank Julius Baer & C 11.750 4/18/2023 USD 73.050
Landesbank Baden-Wue 1.600 4/28/2023 EUR 57.510
Landesbank Baden-Wue 3.600 4/28/2023 EUR 49.840
Landesbank Baden-Wue 5.250 4/28/2023 EUR 46.010
Landesbank Baden-Wue 5.750 4/28/2023 EUR 70.950
Landesbank Baden-Wue 1.750 4/28/2023 EUR 67.610
Landesbank Baden-Wue 3.000 4/28/2023 EUR 62.700
Landesbank Baden-Wue 3.300 4/28/2023 EUR 68.340
Landesbank Baden-Wue 6.500 4/28/2023 EUR 43.930
Landesbank Baden-Wue 2.000 4/28/2023 EUR 74.950
Landesbank Baden-Wue 3.000 4/28/2023 EUR 71.560
Landesbank Baden-Wue 4.750 4/28/2023 EUR 65.790
Raiffeisen Schweiz G 10.000 10/11/2023 CHF 57.840
Zurcher Kantonalbank 9.400 10/11/2023 EUR 71.210
Sberbank of Russia P 0.010 1/15/2027 RUB 66.000
Vontobel Financial P 12.000 12/23/2022 EUR 51.420
Vontobel Financial P 6.000 12/23/2022 EUR 73.370
Vontobel Financial P 7.250 12/23/2022 EUR 59.820
Credit Suisse AG/Lon 8.000 1/17/2023 CHF 49.580
Zurcher Kantonalbank 7.250 7/17/2023 CHF 73.560
Zurcher Kantonalbank 7.500 1/17/2023 CHF 73.530
Zurcher Kantonalbank 8.000 1/17/2023 CHF 69.850
Zurcher Kantonalbank 29.000 1/17/2023 CHF 40.840
Zurcher Kantonalbank 15.500 1/17/2023 CHF 65.710
Zurcher Kantonalbank 21.500 1/17/2023 CHF 71.700
Zurcher Kantonalbank 12.000 1/17/2023 EUR 32.060
Zurcher Kantonalbank 17.700 1/17/2023 CHF 60.560
Raiffeisen Centroban 10.234 3/22/2023 EUR 65.320
Landesbank Baden-Wue 10.750 1/27/2023 EUR 67.000
Landesbank Baden-Wue 5.030 1/27/2023 EUR 73.670
Single Platform Inve 1.762 5/25/2066 EUR 61.636
Leonteq Securities A 12.000 4/24/2023 USD 56.320
Leonteq Securities A 14.000 1/24/2023 EUR 30.580
Corner Banca SA 10.000 7/24/2023 USD 63.990
Leonteq Securities A 17.000 1/24/2023 CHF 54.340
Leonteq Securities A 15.000 4/21/2023 CHF 39.950
Corner Banca SA 16.000 1/24/2023 CHF 14.920
Leonteq Securities A 14.000 4/21/2023 CHF 52.410
Leonteq Securities A 13.000 4/21/2023 CHF 59.060
Leonteq Securities A 15.000 1/24/2023 CHF 57.500
Leonteq Securities A 8.000 7/21/2023 CHF 70.800
Societe Generale Eff 9.500 12/23/2022 EUR 74.540
Societe Generale Eff 10.500 12/23/2022 EUR 73.080
Societe Generale Eff 10.250 12/23/2022 EUR 72.600
Societe Generale Eff 16.750 12/23/2022 EUR 56.510
Societe Generale Eff 9.750 12/23/2022 EUR 49.820
Societe Generale Eff 6.250 12/23/2022 EUR 60.550
Societe Generale Eff 8.250 12/23/2022 EUR 57.050
Societe Generale Eff 10.250 12/23/2022 EUR 54.410
BNP Paribas Emission 5.300 9/1/2023 EUR 74.200
UniCredit Bank AG 8.200 3/30/2023 EUR 73.070
Sberbank of Russia P 0.010 2/26/2027 RUB 69.500
Vontobel Financial P 3.450 2/27/2023 EUR 70.050
Credit Suisse AG/Lon 14.750 8/18/2023 USD 62.510
UBS AG/London 18.000 4/15/2024 USD 64.300
Bank Julius Baer & C 9.000 5/25/2023 USD 57.250
Leonteq Securities A 26.400 2/24/2023 CHF 19.410
Leonteq Securities A 9.000 8/24/2023 CHF 72.150
Luzerner Kantonalban 15.750 2/21/2023 CHF 51.580
Corner Banca SA 15.000 5/30/2023 CHF 53.920
Leonteq Securities A 12.000 5/30/2023 CHF 54.010
Basler Kantonalbank 7.000 7/14/2023 CHF 68.770
Norddeutsche Landesb 0.400 8/13/2031 EUR 72.221
Norddeutsche Landesb 1.000 8/13/2036 EUR 66.361
Landesbank Hessen-Th 1.000 8/19/2036 EUR 66.500
EFG International Fi 9.000 1/16/2023 CHF 11.550
Corner Banca SA 8.000 1/12/2023 CHF 65.020
Progressio Infrastru 1.250 4/25/2033 EUR 74.900
Goldman Sachs & Co W 7.000 6/21/2023 EUR 74.510
Leonteq Securities A 5.600 7/19/2023 CHF 73.110
Leonteq Securities A 10.000 1/19/2023 CHF 47.110
Leonteq Securities A 10.400 1/19/2023 CHF 34.000
Leonteq Securities A 10.000 1/16/2023 CHF 45.720
Bank Vontobel AG 10.500 1/16/2023 CHF 42.200
Landesbank Hessen-Th 0.450 8/19/2031 EUR 73.382
Leonteq Securities A 10.000 1/19/2023 USD 9.290
Leonteq Securities A 11.000 1/19/2023 CHF 68.960
Corner Banca SA 22.000 9/19/2023 EUR 58.940
DZ Bank AG Deutsche 7.250 9/20/2023 EUR 40.210
DZ Bank AG Deutsche 8.500 12/21/2022 EUR 74.500
Vontobel Financial P 16.500 6/23/2023 EUR 69.030
Vontobel Financial P 7.500 9/22/2023 EUR 58.360
Vontobel Financial P 13.000 9/22/2023 EUR 73.760
BNP Paribas Emission 3.000 3/23/2023 EUR 72.930
Leonteq Securities A 25.000 7/18/2023 CHF 51.210
Corner Banca SA 27.000 7/18/2023 USD 64.260
DZ Bank AG Deutsche 11.000 12/21/2022 EUR 60.120
Bank Julius Baer & C 12.150 7/19/2023 CHF 67.550
UBS AG/London 19.000 7/15/2024 CHF 59.600
Bank Vontobel AG 6.000 10/16/2023 CHF 69.300
Bank Vontobel AG 16.500 7/17/2023 CHF 45.000
Vontobel Financial P 10.750 3/21/2023 EUR 36.460
DZ Bank AG Deutsche 4.000 12/23/2022 EUR 59.870
Societe Generale Eff 10.500 1/27/2023 EUR 73.770
Societe Generale Eff 12.500 1/27/2023 EUR 70.080
DekaBank Deutsche Gi 3.000 1/27/2023 EUR 74.360
Leonteq Securities A 14.000 5/22/2023 CHF 49.430
Leonteq Securities A 22.000 2/22/2023 CHF 47.150
Leonteq Securities A 12.000 5/22/2023 CHF 69.990
Leonteq Securities A 12.000 8/18/2023 CHF 64.850
Leonteq Securities A 10.000 8/18/2023 CHF 58.590
Leonteq Securities A 18.000 2/22/2023 CHF 51.310
Corner Banca SA 20.000 2/22/2023 CHF 35.810
Credit Suisse AG/Lon 10.250 2/15/2023 USD 69.780
Zurcher Kantonalbank 6.500 2/15/2023 CHF 43.120
Zurcher Kantonalbank 12.000 2/15/2023 CHF 24.680
Zurcher Kantonalbank 21.800 2/15/2023 CHF 57.520
Norddeutsche Landesb 1.390 7/9/2038 EUR 67.621
Landesbank Hessen-Th 0.520 7/14/2031 EUR 74.135
Leonteq Securities A 10.000 7/12/2023 CHF 52.280
Leonteq Securities A 8.000 1/12/2023 CHF 68.830
Leonteq Securities A 9.000 1/12/2023 USD 55.890
EFG International Fi 13.000 1/5/2023 CHF 49.400
EFG International Fi 8.700 7/13/2023 EUR 20.120
DekaBank Deutsche Gi 3.100 7/21/2023 EUR 67.670
EFG International Fi 13.000 1/6/2023 USD 40.540
Goldman Sachs & Co W 6.000 3/22/2023 EUR 45.820
Goldman Sachs & Co W 6.000 6/21/2023 EUR 62.770
Goldman Sachs & Co W 6.000 12/21/2022 EUR 71.180
Goldman Sachs & Co W 6.000 3/22/2023 EUR 72.670
Goldman Sachs & Co W 6.000 6/21/2023 EUR 71.290
Goldman Sachs & Co W 7.000 12/21/2022 EUR 41.610
Goldman Sachs & Co W 7.000 12/21/2022 EUR 61.040
Goldman Sachs & Co W 7.000 3/22/2023 EUR 68.110
Bank Vontobel AG 8.000 1/10/2023 CHF 51.700
Bank Vontobel AG 11.000 1/10/2023 CHF 66.800
Goldman Sachs & Co W 5.000 3/22/2023 EUR 48.190
Goldman Sachs & Co W 3.000 3/22/2023 EUR 53.530
Goldman Sachs & Co W 3.000 6/21/2023 EUR 57.310
SG Issuer SA 0.021 6/14/2033 EUR 74.760
DekaBank Deutsche Gi 2.300 8/11/2023 EUR 57.240
Landesbank Baden-Wue 0.500 7/30/2031 EUR 73.260
Zurcher Kantonalbank 22.100 9/10/2024 USD 72.200
Zurcher Kantonalbank 6.800 1/16/2023 CHF 65.140
SG Issuer SA 0.015 11/7/2033 EUR 64.330
SG Issuer SA 0.021 8/15/2033 EUR 55.140
Landesbank Baden-Wue 2.100 8/22/2025 EUR 73.450
Landesbank Baden-Wue 3.000 8/22/2025 EUR 74.860
Raiffeisen Schweiz G 6.300 7/12/2023 CHF 69.190
Landesbank Hessen-Th 0.460 7/20/2032 EUR 70.040
Landesbank Baden-Wue 6.000 9/22/2023 EUR 74.360
Landesbank Baden-Wue 13.000 9/22/2023 EUR 61.880
DekaBank Deutsche Gi 3.550 8/11/2025 EUR 71.670
Zurcher Kantonalbank 4.500 7/14/2023 CHF 39.190
EFG International Fi 8.000 1/19/2023 CHF 35.960
Hypo Tirol Bank AG 1.320 7/16/2041 EUR 66.563
Leonteq Securities A 8.400 1/16/2023 CHF 38.740
Corner Banca SA 8.000 1/16/2023 CHF 50.070
Landesbank Hessen-Th 0.550 8/19/2032 EUR 70.388
Bank Vontobel AG 10.500 1/16/2023 CHF 42.200
Bank Vontobel AG 10.000 1/16/2023 EUR 21.700
Landesbank Hessen-Th 0.750 8/19/2036 EUR 61.289
Luzerner Kantonalban 7.500 8/9/2023 CHF 13.370
Vontobel Financial P 6.250 1/20/2023 EUR 58.790
DZ Bank AG Deutsche 6.000 3/24/2023 EUR 65.450
Raiffeisen Schweiz G 8.000 10/4/2023 CHF 74.820
Vontobel Financial P 12.050 5/3/2023 EUR 69.360
Corner Banca SA 10.000 10/4/2023 EUR 58.870
Raiffeisen Schweiz G 15.000 7/5/2023 CHF 59.940
Raiffeisen Schweiz G 15.300 4/4/2023 CHF 52.260
Leonteq Securities A 14.400 7/4/2023 CHF 54.370
Leonteq Securities A 9.400 4/4/2023 USD 61.490
Leonteq Securities A 15.000 10/4/2023 CHF 66.410
Zurcher Kantonalbank 22.800 3/31/2023 USD 67.580
Zurcher Kantonalbank 15.500 3/30/2023 USD 65.380
Zurcher Kantonalbank 10.000 3/31/2023 EUR 63.600
Zurcher Kantonalbank 10.500 3/31/2023 CHF 65.230
Bank Vontobel AG 10.000 4/3/2023 CHF 52.700
Bank Vontobel AG 7.500 10/2/2023 CHF 62.300
Bank Vontobel AG 18.000 4/3/2023 CHF 60.700
Bank Vontobel AG 9.000 10/2/2023 EUR 60.900
Bank Vontobel AG 14.000 10/2/2023 CHF 33.900
UBS AG/London 16.000 4/1/2024 USD 69.100
UBS AG/London 14.750 4/1/2024 USD 64.950
UBS AG/London 16.000 10/2/2023 CHF 59.900
UBS AG/London 12.250 4/1/2024 USD 66.650
Credit Suisse AG/Lon 10.000 3/28/2023 CHF 20.060
Credit Suisse AG/Lon 12.000 3/29/2023 CHF 54.370
Credit Suisse AG/Lon 8.250 3/29/2023 CHF 68.430
Credit Suisse AG/Lon 18.000 3/31/2023 USD 53.940
UniCredit Bank AG 10.850 1/18/2023 EUR 65.290
DZ Bank AG Deutsche 16.000 12/23/2022 EUR 41.260
Landesbank Hessen-Th 1.050 1/20/2037 EUR 68.488
Raiffeisen Schweiz G 19.710 12/14/2022 CHF 58.450
UniCredit Bank AG 10.850 1/18/2023 EUR 53.250
DZ Bank AG Deutsche 8.250 12/19/2022 EUR 69.060
DZ Bank AG Deutsche 6.250 3/20/2023 EUR 74.220
Vontobel Financial P 12.000 12/23/2022 EUR 67.870
Vontobel Financial P 16.500 12/23/2022 EUR 65.210
Vontobel Financial P 15.500 12/23/2022 EUR 62.930
Vontobel Financial P 17.500 12/23/2022 EUR 60.770
Vontobel Financial P 9.000 12/23/2022 EUR 73.780
Vontobel Financial P 13.500 12/23/2022 EUR 68.400
Vontobel Financial P 14.000 12/23/2022 EUR 65.320
Vontobel Financial P 16.000 12/23/2022 EUR 69.680
Vontobel Financial P 14.000 12/23/2022 EUR 72.680
UniCredit Bank AG 8.550 1/18/2023 EUR 54.520
EFG International Fi 6.530 12/13/2022 USD 43.490
DekaBank Deutsche Gi 7.050 4/28/2023 EUR 60.470
UniCredit Bank AG 20.000 1/9/2023 EUR 65.200
Bank Vontobel AG 7.500 12/8/2023 CHF 71.100
Bank Vontobel AG 10.000 6/12/2023 CHF 13.400
Bank Vontobel AG 5.000 12/11/2023 CHF 68.000
Bank Vontobel AG 7.000 12/11/2023 CHF 67.000
DZ Bank AG Deutsche 10.250 12/21/2022 EUR 28.710
Basler Kantonalbank 11.000 12/22/2022 CHF 63.080
Bank Julius Baer & C 8.450 12/14/2022 CHF 45.850
Vontobel Financial P 10.500 3/24/2023 EUR 40.460
Vontobel Financial P 10.500 3/24/2023 EUR 62.280
Vontobel Financial P 9.000 3/24/2023 EUR 63.700
Vontobel Financial P 4.500 12/23/2022 EUR 72.310
Vontobel Financial P 5.500 12/23/2022 EUR 69.720
Vontobel Financial P 9.500 12/23/2022 EUR 63.030
Vontobel Financial P 11.000 3/24/2023 EUR 69.120
Vontobel Financial P 10.000 3/24/2023 EUR 71.030
Vontobel Financial P 14.000 3/24/2023 EUR 65.970
Vontobel Financial P 12.000 12/23/2022 EUR 68.200
Vontobel Financial P 13.500 12/23/2022 EUR 66.080
Vontobel Financial P 23.500 3/24/2023 EUR 57.630
Vontobel Financial P 14.000 3/24/2023 EUR 72.340
Vontobel Financial P 7.000 3/24/2023 EUR 71.950
Vontobel Financial P 16.000 3/24/2023 EUR 51.730
Vontobel Financial P 18.000 12/23/2022 EUR 48.090
Vontobel Financial P 19.500 12/23/2022 EUR 74.480
Vontobel Financial P 8.000 3/24/2023 EUR 73.400
Vontobel Financial P 9.000 3/24/2023 EUR 71.790
Vontobel Financial P 7.000 3/24/2023 EUR 74.930
Vontobel Financial P 12.500 3/24/2023 EUR 67.840
Vontobel Financial P 16.000 3/24/2023 EUR 64.490
Vontobel Financial P 10.500 12/23/2022 EUR 70.030
Vontobel Financial P 13.500 12/23/2022 EUR 66.670
Vontobel Financial P 15.000 12/23/2022 EUR 65.140
Vontobel Financial P 23.000 12/23/2022 EUR 73.270
Vontobel Financial P 19.500 9/22/2023 EUR 71.860
Vontobel Financial P 18.000 9/22/2023 EUR 73.320
Vontobel Financial P 20.500 9/22/2023 EUR 70.260
Vontobel Financial P 14.000 6/23/2023 EUR 70.770
Vontobel Financial P 8.000 9/22/2023 EUR 65.850
Vontobel Financial P 17.500 6/23/2023 EUR 74.740
BNP Paribas Emission 5.000 9/21/2023 EUR 73.690
DekaBank Deutsche Gi 3.200 7/21/2023 EUR 70.570
DekaBank Deutsche Gi 3.000 7/21/2023 EUR 74.340
Leonteq Securities A 8.000 1/12/2023 CHF 36.190
Leonteq Securities A 10.000 1/12/2023 CHF 24.940
Leonteq Securities A 9.000 1/12/2023 CHF 56.280
Leonteq Securities A 6.200 7/12/2023 CHF 66.190
Leonteq Securities A 10.000 1/9/2023 EUR 67.300
Goldman Sachs & Co W 6.000 12/21/2022 EUR 43.720
Goldman Sachs & Co W 6.000 6/21/2023 EUR 46.950
Leonteq Securities A 12.000 1/12/2023 CHF 29.930
Goldman Sachs & Co W 7.000 3/22/2023 EUR 43.920
Goldman Sachs & Co W 7.000 6/21/2023 EUR 44.670
Goldman Sachs & Co W 7.000 6/21/2023 EUR 67.160
Goldman Sachs & Co W 8.000 6/21/2023 EUR 43.260
Bank Vontobel AG 8.000 1/10/2023 CHF 51.700
Bank Vontobel AG 7.000 1/10/2023 CHF 66.900
Goldman Sachs & Co W 5.000 12/21/2022 EUR 47.000
Goldman Sachs & Co W 5.000 6/21/2023 EUR 49.000
Goldman Sachs & Co W 5.000 12/21/2022 EUR 73.950
Goldman Sachs & Co W 5.000 6/21/2023 EUR 73.310
Goldman Sachs & Co W 3.000 12/21/2022 EUR 52.970
Goldman Sachs & Co W 3.000 6/21/2023 EUR 53.800
Landesbank Hessen-Th 1.000 8/18/2036 EUR 68.250
DekaBank Deutsche Gi 2.100 8/11/2023 EUR 73.690
DekaBank Deutsche Gi 2.300 8/9/2024 EUR 70.710
SG Issuer SA 0.021 7/7/2033 EUR 65.470
Raiffeisen Schweiz G 6.500 1/12/2023 CHF 53.070
Landesbank Hessen-Th 0.750 8/18/2036 EUR 65.834
DZ Bank AG Deutsche 0.500 8/18/2036 EUR 68.268
DZ Bank AG Deutsche 0.110 8/17/2032 EUR 74.185
Landesbank Baden-Wue 10.000 9/22/2023 EUR 66.070
EFG International Fi 11.000 8/9/2023 CHF 59.100
EFG International Fi 20.000 2/9/2023 USD 29.540
Vontobel Financial P 19.000 3/24/2023 EUR 62.300
Vontobel Financial P 15.500 12/23/2022 EUR 66.530
Vontobel Financial P 14.000 12/23/2022 EUR 69.440
Vontobel Financial P 19.500 12/23/2022 EUR 61.530
Vontobel Financial P 16.000 3/24/2023 EUR 65.740
Vontobel Financial P 17.500 12/23/2022 EUR 63.930
Norddeutsche Landesb 1.300 3/16/2037 EUR 68.829
Vontobel Financial P 20.000 3/24/2023 EUR 63.200
Vontobel Financial P 18.500 3/24/2023 EUR 64.630
Vontobel Financial P 17.000 3/24/2023 EUR 66.160
Vontobel Financial P 18.500 12/23/2022 EUR 64.460
Vontobel Financial P 15.500 12/23/2022 EUR 69.130
Vontobel Financial P 12.500 12/23/2022 EUR 74.620
Vontobel Financial P 17.000 12/23/2022 EUR 66.710
Vontobel Financial P 13.000 3/24/2023 EUR 73.600
Vontobel Financial P 14.500 3/24/2023 EUR 72.200
Vontobel Financial P 14.500 12/23/2022 EUR 72.630
Vontobel Financial P 12.000 3/24/2023 EUR 72.280
Vontobel Financial P 13.000 12/23/2022 EUR 74.650
Vontobel Financial P 17.500 3/24/2023 EUR 63.960
DZ Bank AG Deutsche 5.000 3/22/2023 EUR 74.650
DZ Bank AG Deutsche 10.750 12/21/2022 EUR 33.920
DZ Bank AG Deutsche 8.500 3/22/2023 EUR 30.940
DZ Bank AG Deutsche 6.250 12/21/2022 EUR 50.480
Natixis SA 2.780 10/5/2036 AUD 65.135
Landesbank Baden-Wue 2.250 3/24/2023 EUR 57.140
Landesbank Baden-Wue 4.900 3/24/2023 EUR 50.200
Landesbank Baden-Wue 6.150 3/24/2023 EUR 68.090
Leonteq Securities A 21.000 2/14/2023 CHF 18.560
Landesbank Baden-Wue 3.500 3/24/2023 EUR 58.220
Landesbank Baden-Wue 8.650 3/24/2023 EUR 41.180
Landesbank Baden-Wue 3.000 3/24/2023 EUR 65.030
Landesbank Baden-Wue 8.900 3/24/2023 EUR 46.490
Landesbank Baden-Wue 3.650 3/24/2023 EUR 62.650
Landesbank Baden-Wue 5.500 3/24/2023 EUR 69.010
Landesbank Baden-Wue 3.000 3/24/2023 EUR 58.300
UBS AG/London 7.000 9/25/2023 CHF 68.350
Natixis SA 2.930 7/29/2051 AUD 56.791
Landesbank Baden-Wue 2.000 8/22/2025 EUR 62.390
EFG International Fi 6.370 3/6/2023 USD 48.270
Banque Cantonale Vau 5.400 12/6/2023 CHF 49.400
UniCredit Bank AG 4.500 9/1/2025 EUR 69.480
Basler Kantonalbank 8.400 1/30/2023 CHF 70.980
Norddeutsche Landesb 0.550 8/30/2033 EUR 68.044
Norddeutsche Landesb 0.825 8/30/2033 EUR 70.382
DZ Bank AG Deutsche 6.500 12/21/2022 EUR 58.010
Bank Julius Baer & C 12.900 4/5/2023 EUR 60.700
BNP Paribas Emission 12.000 3/23/2023 EUR 72.240
BNP Paribas Emission 11.000 3/23/2023 EUR 72.450
BNP Paribas Emission 14.000 3/23/2023 EUR 66.640
BNP Paribas Emission 15.000 3/23/2023 EUR 65.450
BNP Paribas Emission 10.000 6/22/2023 EUR 70.830
BNP Paribas Emission 11.000 6/22/2023 EUR 69.020
BNP Paribas Emission 19.000 6/22/2023 EUR 73.210
BNP Paribas Emission 18.000 12/21/2023 EUR 73.300
BNP Paribas Emission 18.000 12/21/2023 EUR 71.690
BNP Paribas Emission 12.000 3/23/2023 EUR 70.280
BNP Paribas Emission 10.000 12/21/2023 EUR 74.690
BNP Paribas Emission 10.000 12/21/2023 EUR 72.290
BNP Paribas Emission 12.000 12/21/2023 EUR 72.010
BNP Paribas Emission 18.000 3/23/2023 EUR 66.080
BNP Paribas Emission 13.000 6/22/2023 EUR 70.520
BNP Paribas Emission 15.000 6/22/2023 EUR 68.090
BNP Paribas Emission 18.000 6/22/2023 EUR 65.470
BNP Paribas Emission 15.000 12/21/2023 EUR 69.330
BNP Paribas Emission 10.000 12/21/2023 EUR 70.790
BNP Paribas Emission 11.000 12/21/2023 EUR 70.470
BNP Paribas Emission 14.000 12/22/2022 EUR 74.110
BNP Paribas Emission 13.000 12/22/2022 EUR 73.910
BNP Paribas Emission 15.000 12/22/2022 EUR 70.590
BNP Paribas Emission 16.000 12/22/2022 EUR 66.040
BNP Paribas Emission 7.000 3/23/2023 EUR 73.570
BNP Paribas Emission 10.000 3/23/2023 EUR 69.760
BNP Paribas Emission 12.000 3/23/2023 EUR 66.230
BNP Paribas Emission 7.000 12/21/2023 EUR 73.450
BNP Paribas Emission 8.000 12/21/2023 EUR 71.460
BNP Paribas Emission 9.000 12/22/2022 EUR 65.730
BNP Paribas Emission 10.000 12/22/2022 EUR 62.530
BNP Paribas Emission 7.000 3/23/2023 EUR 70.600
EFG International Fi 11.000 1/30/2023 USD 46.790
Vontobel Financial P 9.250 12/23/2022 EUR 71.860
UniCredit Bank AG 4.100 9/1/2025 EUR 74.670
Landesbank Baden-Wue 7.700 2/24/2023 EUR 73.450
Leonteq Securities A 17.000 12/13/2022 USD 40.010
Leonteq Securities A 7.000 12/13/2023 CHF 70.690
Credit Suisse AG/Lon 19.250 12/6/2022 USD 42.900
BNP Paribas Emission 9.000 12/22/2022 EUR 69.350
BNP Paribas Emission 11.000 12/22/2022 EUR 64.170
BNP Paribas Emission 9.000 3/23/2023 EUR 67.710
BNP Paribas Emission 8.000 6/22/2023 EUR 71.960
BNP Paribas Emission 19.000 3/23/2023 EUR 70.740
BNP Paribas Emission 16.000 12/22/2022 EUR 65.970
BNP Paribas Emission 11.000 3/23/2023 EUR 61.340
BNP Paribas Emission 12.000 3/23/2023 EUR 57.830
BNP Paribas Emission 5.000 12/21/2023 EUR 68.500
BNP Paribas Emission 7.000 12/21/2023 EUR 63.570
BNP Paribas Emission 10.000 12/21/2023 EUR 60.740
BNP Paribas Emission 16.000 12/22/2022 EUR 55.280
BNP Paribas Emission 9.000 3/23/2023 EUR 63.590
BNP Paribas Emission 7.000 12/21/2023 EUR 60.070
BNP Paribas Emission 9.000 12/21/2023 EUR 57.820
BNP Paribas Emission 13.000 12/22/2022 EUR 70.230
BNP Paribas Emission 14.000 12/22/2022 EUR 67.520
BNP Paribas Emission 17.000 12/22/2022 EUR 65.140
BNP Paribas Emission 18.000 12/22/2022 EUR 63.600
BNP Paribas Emission 19.000 12/22/2022 EUR 62.140
BNP Paribas Emission 11.000 12/22/2022 EUR 74.580
BNP Paribas Emission 17.000 12/22/2022 EUR 69.260
BNP Paribas Emission 19.000 12/22/2022 EUR 69.180
BNP Paribas Emission 15.000 6/22/2023 EUR 73.090
BNP Paribas Emission 7.000 12/22/2022 EUR 60.250
BNP Paribas Emission 8.000 3/23/2023 EUR 56.820
BNP Paribas Emission 12.000 3/23/2023 EUR 53.500
BNP Paribas Emission 5.000 6/22/2023 EUR 61.250
BNP Paribas Emission 7.000 6/22/2023 EUR 57.080
BNP Paribas Emission 10.000 6/22/2023 EUR 54.300
BNP Paribas Emission 11.000 6/22/2023 EUR 53.270
BNP Paribas Emission 12.000 6/22/2023 EUR 51.640
BNP Paribas Emission 6.000 12/21/2023 EUR 64.020
BNP Paribas Emission 12.000 6/22/2023 EUR 71.890
BNP Paribas Emission 19.000 3/23/2023 EUR 69.780
BNP Paribas Emission 14.000 12/22/2022 EUR 74.420
BNP Paribas Emission 15.000 12/22/2022 EUR 72.700
BNP Paribas Emission 19.000 12/22/2022 EUR 68.050
BNP Paribas Emission 20.000 12/22/2022 EUR 66.630
BNP Paribas Emission 16.000 12/22/2022 EUR 67.320
BNP Paribas Emission 18.000 12/22/2022 EUR 62.730
BNP Paribas Emission 12.000 3/23/2023 EUR 74.910
BNP Paribas Emission 14.000 3/23/2023 EUR 70.310
BNP Paribas Emission 16.000 3/23/2023 EUR 66.340
BNP Paribas Emission 19.000 3/23/2023 EUR 65.820
NIBC Bank NV 2.105 10/10/2033 EUR 73.224
Skandinaviska Enskil 7.600 1/15/2024 SEK 73.150
EFG International Fi 12.000 1/30/2023 CHF 45.210
DZ Bank AG Deutsche 10.500 6/21/2023 EUR 54.580
Landesbank Baden-Wue 0.460 1/7/2031 EUR 74.967
Landesbank Baden-Wue 0.520 1/7/2032 EUR 72.742
Berlin Hyp AG 0.349 12/10/2031 EUR 74.389
UBS AG/London 14.000 3/23/2023 USD 72.750
UBS AG/London 14.250 3/23/2023 CHF 64.850
Citigroup Global Mar 1.040 8/4/2036 EUR 66.383
Landesbank Baden-Wue 3.250 8/22/2025 EUR 70.420
Vontobel Financial P 4.200 6/16/2023 USD 56.320
Vontobel Financial P 5.100 6/16/2023 USD 60.480
Vontobel Financial P 16.520 1/30/2023 EUR 60.820
Zurcher Kantonalbank 11.400 1/30/2023 CHF 71.120
Vontobel Financial P 9.750 12/23/2022 EUR 67.680
DZ Bank AG Deutsche 7.500 12/21/2022 EUR 73.510
DZ Bank AG Deutsche 6.000 3/22/2023 EUR 74.960
Bank Vontobel AG 10.250 5/19/2023 CHF 72.500
DZ Bank AG Deutsche 4.800 3/20/2023 EUR 72.640
DZ Bank AG Deutsche 7.500 6/19/2023 EUR 73.220
Leonteq Securities A 24.000 2/22/2023 CHF 63.970
Vontobel Financial P 18.700 2/24/2023 USD 60.990
DZ Bank AG Deutsche 14.300 3/24/2023 EUR 65.760
DZ Bank AG Deutsche 7.700 3/24/2023 EUR 64.420
DZ Bank AG Deutsche 13.400 3/24/2023 EUR 56.380
DZ Bank AG Deutsche 19.600 3/24/2023 EUR 56.560
DZ Bank AG Deutsche 23.800 3/24/2023 EUR 50.940
DZ Bank AG Deutsche 14.900 3/24/2023 EUR 68.170
DZ Bank AG Deutsche 11.700 3/24/2023 EUR 73.090
DZ Bank AG Deutsche 16.000 3/22/2023 EUR 54.180
DZ Bank AG Deutsche 5.250 6/21/2023 EUR 73.410
DZ Bank AG Deutsche 10.600 3/24/2023 EUR 65.500
DZ Bank AG Deutsche 14.100 3/24/2023 EUR 60.280
DZ Bank AG Deutsche 19.600 3/24/2023 EUR 47.130
DZ Bank AG Deutsche 22.400 12/23/2022 EUR 74.750
DZ Bank AG Deutsche 5.000 6/21/2023 EUR 72.950
Bank Vontobel AG 17.000 2/20/2023 EUR 50.100
Credit Suisse AG/Lon 7.000 2/17/2023 CHF 74.830
Bank Julius Baer & C 6.000 2/22/2023 CHF 54.600
Zurcher Kantonalbank 8.800 2/16/2023 CHF 38.260
Citigroup Global Mar 1.180 12/23/2036 EUR 67.699
Bank Julius Baer & C 13.900 2/22/2023 USD 74.050
DZ Bank AG Deutsche 6.800 3/20/2023 EUR 70.130
DZ Bank AG Deutsche 8.400 3/20/2023 EUR 74.510
DZ Bank AG Deutsche 5.800 3/20/2023 EUR 52.630
DZ Bank AG Deutsche 5.300 6/19/2023 EUR 51.050
DZ Bank AG Deutsche 6.900 6/19/2023 EUR 49.670
Vontobel Financial P 20.700 2/24/2023 USD 29.630
DZ Bank AG Deutsche 11.900 3/24/2023 EUR 68.430
DZ Bank AG Deutsche 15.300 3/24/2023 EUR 61.750
DZ Bank AG Deutsche 5.500 12/21/2022 EUR 49.660
DZ Bank AG Deutsche 22.800 12/23/2022 EUR 52.000
DZ Bank AG Deutsche 21.000 3/24/2023 EUR 54.470
DZ Bank AG Deutsche 11.200 3/24/2023 EUR 66.620
DZ Bank AG Deutsche 23.000 3/24/2023 EUR 45.620
DZ Bank AG Deutsche 22.700 12/23/2022 EUR 66.910
Credit Suisse AG/Lon 10.750 2/3/2023 USD 73.610
Bank Vontobel AG 18.500 2/6/2023 CHF 14.800
Bank Vontobel AG 7.500 2/5/2024 CHF 70.500
Bank Vontobel AG 10.750 5/8/2023 CHF 66.100
Bank Vontobel AG 12.250 8/4/2023 EUR 34.900
Bank Vontobel AG 12.000 8/4/2023 EUR 72.800
Bank Vontobel AG 10.500 8/4/2023 EUR 70.300
Bank Vontobel AG 17.000 2/6/2023 CHF 66.700
Zurcher Kantonalbank 7.000 2/3/2023 CHF 45.360
Zurcher Kantonalbank 26.000 2/3/2023 CHF 39.580
Vontobel Financial P 8.500 3/24/2023 EUR 42.020
Vontobel Financial P 14.500 3/24/2023 EUR 37.970
Vontobel Financial P 14.000 3/24/2023 EUR 58.340
Vontobel Financial P 12.500 12/23/2022 EUR 59.340
Vontobel Financial P 11.000 12/23/2022 EUR 61.120
Vontobel Financial P 14.000 12/23/2022 EUR 57.640
Vontobel Financial P 16.000 12/23/2022 EUR 56.100
Vontobel Financial P 8.500 12/23/2022 EUR 72.970
Vontobel Financial P 12.500 3/24/2023 EUR 67.450
Vontobel Financial P 10.000 12/23/2022 EUR 70.480
Vontobel Financial P 17.500 3/24/2023 EUR 66.530
Vontobel Financial P 15.500 12/23/2022 EUR 64.100
Vontobel Financial P 19.500 12/23/2022 EUR 62.320
Vontobel Financial P 24.000 12/23/2022 EUR 56.500
Vontobel Financial P 15.500 12/23/2022 EUR 69.660
Vontobel Financial P 20.500 3/24/2023 EUR 61.620
Vontobel Financial P 8.500 3/24/2023 EUR 72.950
Vontobel Financial P 15.000 3/24/2023 EUR 74.460
Vontobel Financial P 10.000 3/24/2023 EUR 72.880
Vontobel Financial P 6.000 12/23/2022 EUR 71.710
Vontobel Financial P 14.000 12/23/2022 EUR 72.220
Vontobel Financial P 10.000 3/24/2023 EUR 43.780
Vontobel Financial P 22.500 12/23/2022 EUR 71.490
Vontobel Financial P 10.500 3/24/2023 EUR 70.460
Vontobel Financial P 15.000 3/24/2023 EUR 65.580
Vontobel Financial P 13.500 3/24/2023 EUR 66.590
Vontobel Financial P 8.000 12/23/2022 EUR 73.840
Vontobel Financial P 11.500 3/24/2023 EUR 69.190
Vontobel Financial P 9.500 12/23/2022 EUR 71.890
Vontobel Financial P 12.000 12/23/2022 EUR 68.300
Vontobel Financial P 20.000 12/23/2022 EUR 60.970
Vontobel Financial P 18.500 12/23/2022 EUR 62.290
Vontobel Financial P 17.000 12/23/2022 EUR 63.710
Vontobel Financial P 21.500 12/23/2022 EUR 74.870
Landesbank Hessen-Th 1.580 12/16/2036 EUR 70.100
Barclays Bank PLC 3.070 12/3/2032 AUD 73.153
DZ Bank AG Deutsche 9.000 3/20/2023 EUR 71.250
Leonteq Securities A 21.600 12/14/2022 CHF 65.140
Leonteq Securities A 25.800 12/14/2022 CHF 23.760
Danske Bank A/S 3.725 1/9/2027 SEK 70.420
Raiffeisen Schweiz G 10.810 12/14/2022 CHF 47.560
Credit Suisse AG/Lon 8.500 12/15/2023 USD 69.800
Raiffeisen Switzerla 14.500 2/22/2023 CHF 34.560
Raiffeisen Schweiz G 13.000 2/21/2023 CHF 16.320
Raiffeisen Schweiz G 7.500 8/18/2023 CHF 72.920
Raiffeisen Schweiz G 18.000 2/22/2023 CHF 49.050
Credit Suisse AG/Lon 1.400 2/21/2032 EUR 74.966
Landesbank Baden-Wue 3.100 2/26/2027 EUR 72.980
Leonteq Securities A 22.200 2/22/2023 CHF 49.030
Single Platform Inve 1.480 7/25/2053 EUR 65.819
UBS AG/London 14.750 3/11/2024 CHF 70.000
UBS AG/London 12.250 3/11/2024 EUR 61.000
UBS AG/London 16.250 3/11/2024 CHF 72.000
Vontobel Financial P 7.550 2/23/2023 EUR 61.210
Bank Julius Baer & C 5.250 2/22/2023 CHF 73.750
Bank Julius Baer & C 6.650 2/22/2023 CHF 69.650
UBS AG/London 8.750 3/11/2024 USD 63.150
UBS AG/London 15.500 3/9/2023 USD 65.000
Societe Generale Eff 10.750 1/27/2023 EUR 74.750
Vontobel Financial P 8.350 2/22/2023 EUR 65.550
Leonteq Securities A 14.000 2/22/2023 USD 51.390
Basler Kantonalbank 12.000 3/2/2023 CHF 67.590
UBS AG/London 14.000 3/11/2024 USD 62.700
DZ Bank AG Deutsche 7.700 3/20/2023 EUR 50.800
Raiffeisen Switzerla 10.000 8/18/2023 USD 57.250
Leonteq Securities A 16.000 12/13/2022 CHF 65.890
Zurcher Kantonalbank 25.500 12/6/2022 CHF 57.610
Leonteq Securities A 11.000 3/10/2023 CHF 31.820
Leonteq Securities A 20.400 12/13/2022 CHF 9.100
Vontobel Financial P 12.540 12/14/2022 EUR 74.930
Leonteq Securities A 7.000 12/13/2023 CHF 69.430
Leonteq Securities A 24.000 12/13/2022 CHF 13.060
DZ Bank AG Deutsche 14.750 12/21/2022 EUR 44.150
DZ Bank AG Deutsche 13.000 3/22/2023 EUR 47.090
Basler Kantonalbank 9.000 6/22/2023 CHF 64.620
Credit Suisse AG/Lon 9.500 3/8/2023 USD 69.890
Vontobel Financial P 8.000 12/23/2022 EUR 65.540
Vontobel Financial P 8.500 12/23/2022 EUR 42.220
Leonteq Securities A 20.400 12/9/2022 CHF 11.350
Citigroup Global Mar 0.660 8/25/2033 EUR 69.316
Leonteq Securities A 15.000 6/13/2023 CHF 55.040
Corner Banca SA 15.000 3/10/2023 CHF 50.860
EFG International Fi 4.250 12/8/2022 EUR 71.120
Landesbank Baden-Wue 6.850 3/24/2023 EUR 72.920
Landesbank Baden-Wue 2.000 3/24/2023 EUR 58.230
Leonteq Securities A 12.000 5/11/2023 CHF 18.170
Leonteq Securities A 20.000 2/14/2023 USD 48.300
Zurcher Kantonalbank 25.500 2/8/2023 CHF 74.520
Credit Suisse AG/Lon 9.000 2/8/2023 CHF 63.310
Credit Agricole Corp 15.700 10/7/2026 TRY 62.008
Credit Agricole SA 3.270 10/5/2041 AUD 54.243
Leonteq Securities A 7.000 10/4/2023 CHF 62.390
Leonteq Securities A 10.000 1/4/2023 CHF 8.800
Leonteq Securities A 7.400 10/4/2023 CHF 70.150
Leonteq Securities A 15.000 1/4/2023 CHF 28.870
Landesbank Baden-Wue 3.000 2/27/2026 EUR 73.660
DZ Bank AG Deutsche 0.850 10/15/2036 EUR 74.733
Citigroup Global Mar 1.010 10/28/2035 EUR 67.988
Societe Generale Eff 11.250 12/23/2022 EUR 72.560
UniCredit Bank AG 3.650 10/29/2024 EUR 69.930
Natixis SA 3.000 10/18/2051 USD 62.626
VTB Bank PJSC 0.010 9/16/2026 RUB 72.130
Raiffeisen Schweiz G 12.000 1/4/2023 CHF 9.690
Raiffeisen Schweiz G 8.250 10/4/2023 CHF 69.240
Sberbank of Russia P 0.010 10/5/2026 RUB 73.100
Banque International 16.000 2/8/2023 EUR 33.510
Leonteq Securities A 26.400 2/14/2023 CHF 23.900
Raiffeisen Schweiz G 10.200 8/11/2023 CHF 72.410
Leonteq Securities A 21.600 2/14/2023 CHF 65.370
Landesbank Hessen-Th 0.700 11/4/2033 EUR 67.274
DZ Bank AG Deutsche 10.750 12/21/2022 EUR 68.600
DZ Bank AG Deutsche 5.500 12/21/2022 EUR 61.320
DZ Bank AG Deutsche 11.750 12/21/2022 EUR 57.010
BNP Paribas SA 1.010 10/5/2035 EUR 69.316
DZ Bank AG Deutsche 10.250 12/21/2022 EUR 57.500
DZ Bank AG Deutsche 9.000 12/21/2022 EUR 63.690
Bank Julius Baer & C 5.200 1/5/2023 CHF 71.200
Banque International 15.000 1/5/2023 EUR 39.030
Erste Group Bank AG 4.500 11/2/2025 EUR 61.150
Landesbank Hessen-Th 0.900 11/10/2036 EUR 67.180
Citigroup Global Mar 1.150 10/6/2036 EUR 67.537
Citigroup Global Mar 1.080 10/1/2036 EUR 66.826
Sberbank of Russia P 0.010 10/5/2028 RUB 58.700
Landesbank Hessen-Th 1.250 11/10/2036 EUR 67.800
EFG International Fi 10.000 4/6/2023 CHF 63.180
Goldman Sachs & Co W 7.000 12/21/2022 EUR 74.070
Goldman Sachs & Co W 9.000 12/21/2022 EUR 71.460
Goldman Sachs & Co W 15.000 12/21/2022 EUR 62.660
Goldman Sachs & Co W 18.000 12/21/2022 EUR 59.000
Goldman Sachs & Co W 8.000 3/22/2023 EUR 73.290
Goldman Sachs & Co W 10.000 3/22/2023 EUR 69.020
Goldman Sachs & Co W 15.000 3/22/2023 EUR 62.530
Goldman Sachs & Co W 3.000 6/21/2023 EUR 67.510
Goldman Sachs & Co W 4.000 6/21/2023 EUR 59.140
Goldman Sachs & Co W 5.000 6/21/2023 EUR 57.180
Goldman Sachs & Co W 6.000 6/21/2023 EUR 54.340
Goldman Sachs & Co W 7.000 6/21/2023 EUR 51.890
Goldman Sachs & Co W 8.000 6/21/2023 EUR 50.620
Goldman Sachs & Co W 10.000 6/21/2023 EUR 49.220
Goldman Sachs & Co W 13.000 6/21/2023 EUR 45.360
Goldman Sachs & Co W 2.000 9/20/2023 EUR 70.230
Goldman Sachs & Co W 3.000 9/20/2023 EUR 63.180
Goldman Sachs & Co W 3.000 9/20/2023 EUR 67.720
Goldman Sachs & Co W 4.000 9/20/2023 EUR 59.890
Goldman Sachs & Co W 5.000 9/20/2023 EUR 58.210
Goldman Sachs & Co W 6.000 9/20/2023 EUR 55.650
Goldman Sachs & Co W 7.000 9/20/2023 EUR 53.470
Goldman Sachs & Co W 8.000 9/20/2023 EUR 52.440
Goldman Sachs & Co W 10.000 9/20/2023 EUR 49.310
Goldman Sachs & Co W 12.000 9/20/2023 EUR 47.610
Bank Julius Baer & C 9.100 1/9/2023 USD 61.850
Bank Julius Baer & C 9.300 1/9/2023 USD 47.400
Landesbank Baden-Wue 0.530 3/3/2031 EUR 74.992
Caisse des Depots et 0.820 3/10/2050 EUR 65.517
DZ Bank AG Deutsche 0.800 3/20/2035 EUR 72.674
UniCredit Bank AG 3.450 4/2/2024 EUR 52.680
Landesbank Hessen-Th 0.510 3/10/2032 EUR 73.394
Landesbank Hessen-Th 0.510 3/10/2032 EUR 73.394
NRW Bank 0.591 3/19/2040 EUR 73.213
Landesbank Hessen-Th 2.000 4/9/2035 EUR 66.950
Bayerische Landesban 0.360 4/9/2031 EUR 73.521
DZ Bank AG Deutsche 1.370 12/28/2029 EUR 71.010
Bayerische Landesban 0.150 4/9/2031 EUR 74.787
Bayerische Landesban 0.390 4/9/2032 EUR 70.962
Bayerische Landesban 0.430 4/8/2033 EUR 68.391
Societe Generale SA 2.750 3/12/2040 AUD 55.770
Barclays Bank PLC 0.940 8/2/2049 JPY 66.725
Bayerische Landesban 0.280 10/9/2030 EUR 74.233
Banque International 1.020 3/25/2040 EUR 65.973
Landesbank Hessen-Th 1.000 3/20/2035 EUR 67.200
Nederlandse Watersch 1.370 3/23/2065 EUR 66.277
Landesbank Baden-Wue 7.850 4/28/2023 EUR 59.000
Landesbank Baden-Wue 5.000 4/28/2023 EUR 70.510
Landesbank Baden-Wue 7.000 4/28/2023 EUR 67.990
Landesbank Baden-Wue 5.700 4/28/2023 EUR 72.270
Landesbank Baden-Wue 3.350 4/28/2023 EUR 51.480
Landesbank Baden-Wue 2.150 4/28/2023 EUR 55.160
Landesbank Baden-Wue 5.200 4/28/2023 EUR 40.910
Landesbank Baden-Wue 3.350 4/28/2023 EUR 46.120
Landesbank Baden-Wue 5.650 4/28/2023 EUR 65.420
Landesbank Baden-Wue 4.200 4/28/2023 EUR 70.880
Landesbank Baden-Wue 7.000 4/28/2023 EUR 43.180
Landesbank Baden-Wue 3.800 4/28/2023 EUR 54.610
Landesbank Baden-Wue 4.200 4/28/2023 EUR 53.450
Landesbank Baden-Wue 3.000 4/28/2023 EUR 57.630
Landesbank Baden-Wue 2.000 4/28/2023 EUR 62.750
Landesbank Baden-Wue 6.100 4/28/2023 EUR 72.950
Landesbank Baden-Wue 4.000 4/28/2023 EUR 74.620
Landesbank Baden-Wue 5.300 5/26/2023 EUR 73.610
Landesbank Baden-Wue 4.200 4/28/2023 EUR 74.280
Landesbank Baden-Wue 5.000 4/28/2023 EUR 52.170
Landesbank Baden-Wue 4.000 4/28/2023 EUR 54.880
Landesbank Baden-Wue 3.000 4/28/2023 EUR 58.020
Landesbank Baden-Wue 2.000 4/28/2023 EUR 62.890
Landesbank Baden-Wue 3.000 4/28/2023 EUR 69.630
Landesbank Baden-Wue 4.650 4/28/2023 EUR 71.050
Landesbank Baden-Wue 5.250 4/28/2023 EUR 24.700
Landesbank Baden-Wue 3.150 4/28/2023 EUR 27.570
Landesbank Baden-Wue 2.300 4/28/2023 EUR 34.560
Landesbank Baden-Wue 6.250 4/28/2023 EUR 71.140
Landesbank Baden-Wue 6.000 4/28/2023 EUR 61.150
Landesbank Baden-Wue 4.000 4/28/2023 EUR 71.030
Landesbank Baden-Wue 5.700 4/28/2023 EUR 37.560
Landesbank Baden-Wue 4.350 4/28/2023 EUR 40.310
Landesbank Baden-Wue 3.000 4/28/2023 EUR 43.970
Bank Vontobel AG 6.503 4/24/2023 EUR 42.900
Bank Vontobel AG 7.252 4/24/2023 CHF 55.400
Bank Vontobel AG 7.504 4/24/2023 CHF 74.600
Bank Vontobel AG 7.504 4/24/2023 CHF 74.600
Landeskreditbank Bad 0.842 5/3/2041 EUR 73.385
UBS AG/London 13.500 4/29/2024 USD 35.410
UBS AG/London 10.500 4/28/2023 CHF 65.850
UBS AG/London 8.750 4/28/2023 CHF 53.550
Region Nouvelle-Aqui 0.777 5/12/2041 EUR 66.962
Landesbank Hessen-Th 0.500 6/4/2031 EUR 74.323
UniCredit Bank AG 4.850 5/23/2025 EUR 75.000
Raiffeisen Centroban 8.250 5/11/2023 EUR 60.420
Leonteq Securities A 7.000 5/3/2023 CHF 52.180
Corner Banca SA 6.000 5/3/2023 CHF 57.200
Raiffeisen-Landesban 1.470 5/3/2069 EUR 69.170
Erste Group Bank AG 14.500 5/31/2026 EUR 61.950
Nordea Bank Abp 4.250 7/20/2027 SEK 72.400
Region de Bruxelles- 0.930 5/3/2051 EUR 59.675
Landesbank Hessen-Th 0.680 10/12/2033 EUR 71.173
Landesbank Hessen-Th 0.800 7/30/2035 EUR 68.309
Landesbank Hessen-Th 0.710 5/12/2034 EUR 65.672
TMK PJSC 7.350 2/28/2025 RUB 60.150
Standard Chartered B 2.500 5/7/2031 AUD 74.589
Credit Agricole Corp 1.000 5/10/2036 EUR 69.205
Credit Agricole Corp 0.720 5/10/2033 EUR 73.167
Raiffeisen Switzerla 7.000 5/3/2023 CHF 56.130
Region Bourgogne-Fra 0.799 5/6/2041 EUR 67.289
Landesbank Hessen-Th 1.800 6/9/2036 EUR 68.100
Muenchener Hypotheke 1.300 5/7/2061 EUR 67.219
UBS AG/London 13.000 5/6/2024 USD 34.210
Region of Centre-Val 0.725 12/12/2039 EUR 68.419
UBS AG/London 11.000 5/5/2023 CHF 46.150
UBS AG/London 5.250 5/5/2023 CHF 63.150
Region of Centre-Val 0.807 5/12/2040 EUR 68.851
Region of Centre-Val 0.834 5/12/2042 EUR 66.393
Autonomous Community 1.250 10/31/2040 EUR 69.497
Hypo Vorarlberg Bank 0.410 5/6/2031 EUR 74.181
Luzerner Kantonalban 6.000 5/10/2023 CHF 52.120
Vontobel Financial P 7.750 6/1/2023 EUR 74.440
Landesbank Baden-Wue 4.100 6/27/2025 EUR 73.100
Sberbank of Russia P 0.010 5/10/2028 RUB 73.900
Region Bourgogne-Fra 0.841 5/12/2037 EUR 74.256
Muenchener Hypotheke 1.185 5/5/2059 EUR 67.376
DekaBank Deutsche Gi 5.100 6/4/2024 EUR 73.380
Corner Banca SA 8.000 5/10/2023 CHF 71.530
SG Issuer SA 0.900 4/7/2036 EUR 69.951
EFG International Fi 20.000 5/11/2023 USD 74.810
Landesbank Baden-Wue 6.300 6/23/2023 EUR 70.380
Landesbank Baden-Wue 2.400 6/23/2023 EUR 65.480
Landesbank Baden-Wue 4.000 6/23/2023 EUR 60.780
Landesbank Baden-Wue 6.300 6/23/2023 EUR 56.780
Landesbank Baden-Wue 12.000 5/26/2023 EUR 40.470
Leonteq Securities A 7.030 6/28/2023 CHF 59.110
Bank Vontobel AG 6.000 12/27/2022 CHF 68.600
Bank Vontobel AG 7.000 12/27/2022 CHF 39.800
Landesbank Baden-Wue 4.150 6/23/2023 EUR 47.570
Landesbank Baden-Wue 2.800 6/23/2023 EUR 51.160
Landesbank Baden-Wue 5.150 6/23/2023 EUR 47.660
Landesbank Baden-Wue 4.200 6/23/2023 EUR 49.720
Landesbank Baden-Wue 3.000 6/23/2023 EUR 53.010
Landesbank Baden-Wue 2.000 6/23/2023 EUR 57.010
Landesbank Baden-Wue 3.800 6/23/2023 EUR 31.020
Landesbank Baden-Wue 2.600 6/23/2023 EUR 34.080
Landesbank Baden-Wue 4.500 6/23/2023 EUR 35.270
Landesbank Baden-Wue 2.250 6/23/2023 EUR 39.050
Landesbank Baden-Wue 7.300 6/23/2023 EUR 57.370
Landesbank Baden-Wue 3.500 6/23/2023 EUR 72.550
Landesbank Baden-Wue 4.650 6/23/2023 EUR 61.500
Landesbank Baden-Wue 3.500 6/23/2023 EUR 73.700
Landesbank Baden-Wue 5.000 6/23/2023 EUR 29.060
Landesbank Baden-Wue 7.250 6/23/2023 EUR 46.160
Landesbank Baden-Wue 5.600 6/23/2023 EUR 49.860
Landesbank Baden-Wue 2.700 6/23/2023 EUR 60.420
Landesbank Baden-Wue 4.500 6/23/2023 EUR 72.210
Landesbank Baden-Wue 4.750 6/23/2023 EUR 72.380
Landesbank Baden-Wue 3.500 6/23/2023 EUR 53.730
Landesbank Baden-Wue 2.550 6/23/2023 EUR 56.010
Landesbank Baden-Wue 5.350 7/28/2023 EUR 69.830
Landesbank Baden-Wue 4.250 7/28/2023 EUR 72.950
Landesbank Baden-Wue 4.100 6/23/2023 EUR 63.100
Landesbank Baden-Wue 3.500 6/23/2023 EUR 65.020
Landesbank Baden-Wue 2.750 6/23/2023 EUR 67.800
Landesbank Baden-Wue 2.000 6/23/2023 EUR 70.840
Landesbank Baden-Wue 4.250 6/23/2023 EUR 46.700
Landesbank Baden-Wue 3.000 6/23/2023 EUR 49.250
Landesbank Baden-Wue 2.250 6/23/2023 EUR 51.700
Raiffeisen Centroban 11.750 8/4/2023 EUR 46.990
Norddeutsche Landesb 0.925 7/23/2036 EUR 65.638
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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 2022. All rights reserved. ISSN 1529-2754.
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