/raid1/www/Hosts/bankrupt/TCREUR_Public/240108.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, January 8, 2024, Vol. 25, No. 6
Headlines
A U S T R I A
SIGNA DEVELOPMENT: Fitch Cuts IDR to 'D' on Insolvency Application
F I N L A N D
AMER SPORTS: S&P Places 'B+' LT ICR on Watch Pos. Over IPO
G E R M A N Y
SC GERMANY: DBRS Finalizes BB(low) Rating on Class F Notes
TELE COLUMBUS: EUR525.2MM Bank Debt Trades at 37% Discount
I T A L Y
BRIGNOLE CO 2021: DBRS Confirms B(high) Rating on Class E Notes
COLT SPV: DBRS Confirms B(high) Rating on Class B Notes
STRESA SECURITIZATION: DBRS Finalizes BB(high) Rating on D Notes
L U X E M B O U R G
PALLADIUM SECURITIES 1: DBRS Confirms BB(high) Rating on 147 Notes
TRINSEO MATERIALS: Calamos CHI Marks $497,000 Loan at 20% Off
P O R T U G A L
CAIXA ECONOMICA: DBRS Ups LT Issuer & Sr. Debt Rating to 'BB'(high)
NOVO BANCO: DBRS Hikes LongTerm Issuer Rating to BB(high)
T U R K E Y
ORDU YARDIMLASMA: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
U N I T E D K I N G D O M
CAUSEWAY AERO: Enters Liquidation, Owes Around GBP1.5 Million
DURHAM MORTGAGES: DBRS Confirms B Rating on Class F Notes
FOODIQ UK: Supreme Bought Assets Out of Administration
GEMGARTO 2023-1: DBRS Finalizes BB(low) Rating on Class F Notes
MAGENTA 2020: DBRS Confirms BB(low) Rating on Class E Notes
MCGUIGAN'S GYM: Placed Into Creditors' Voluntary Liquidation
PATAGONIA BIDCO: GBP100MM Bank Debt Trades at 16% Discount
PERFORMER FUNDING 1: DBRS Gives Prov. B Rating on Class F Notes
PERFORMER FUNDING I: DBRS Finalizes B Rating on Class F Notes
POLLEN: Assets Sold for Under GBP158,000, Faces HMRC Probe
TORO PRIVATE I: S&P Cuts ICR to 'D' on Completed Debt Restructuring
W H BARLEY: Workers Launch Legal Action Following Collapse
X X X X X X X X
[*] BOND PRICING: For the Week January 1 to January 5, 2024
- - - - -
=============
A U S T R I A
=============
SIGNA DEVELOPMENT: Fitch Cuts IDR to 'D' on Insolvency Application
------------------------------------------------------------------
Fitch Ratings has downgraded Signa Development Selection AG's
(Signa Development) Long-Term Issuer Default Rating (IDR) to 'D'
from 'C' following the company's filing for insolvency proceeding
to the Austrian court on 29 December 2023.
The rating action follows recent rating downgrades, which had
reflected Signa Development's weak ringfencing measures that should
have protected its bondholders from wider Signa group difficulties.
Signa Prime Selection's (Signa Prime) constrained liquidity,
including non-payment to suppliers, caused a halt to some of its
development projects. This has led to contagion effects on other
Signa entities including Signa Development. Signa Prime filed for
insolvency on 28 December 2023.
In Fitch's view, Signa Development has also breached financial
separation by significantly increasing its 1H23 and post-1H23
financial receivables to other group entities and activities. The
unwinding of these receivables will take time and be difficult.
KEY RATING DRIVERS
Insolvency Filing: On 29 December 2023 Signa Development filed for
self-administration insolvency proceedings to the Vienna Commercial
Court. The company plans to continue operations and repay its debt
according to its presented restructuring plan. Under the Austrian
law such a plan requires a minimum 30% of the insolvent entity's
debt to be repaid within two years. The plan is scheduled for
approval at its creditors' meeting in March 2024.
Default Under Bond Documentation: On 20 December 2023 Signa
Development Finance S.C.S (the finance vehicle issuing Signa
Development's EUR300 million unsecured bond) announced that an
event of default occurred under the bond documentation due to
insolvency filings of certain Signa Development subsidiaries. Signa
Development's insolvency filing also constitutes an event of
default.
Lack of Segregation: The recent increase in financial receivables
to wider Signa group entities exposes Signa Development to group
entities' property developments or investments that are outside its
control. Some of these receivables were cash from recent 2023 net
disposal receipts destined for Signa Development creditors.
On-lending Restrictions: Despite Signa Development's bond covenants
restricting on-lending to affiliates (as defined in bond
documentation), financial receivables to wider Signa entities
exist. The company recently described some of these as "ordinary
course of business cash management operations", the most recent
being net cash proceeds from disposals (kika/Leiner, BEAM and
others) that were diverted.
1H23 Cash Position: Signa Development improved its end-June 2023
cash position of EUR32 million with proceeds from the BEAM Berlin
office disposal (net proceeds undisclosed). During 1H23 it received
net proceeds from selling kika/Leiner. The Berlin office
Schonerhauser Allee, forward-sold, is near-completion and 60%
pre-let. Together with fast-tracking the sale of various D18
assets, Signa Development received significant disposal proceeds
during 2023.
Wider Signa Group Difficulties: The group's parent entity, Signa
Holding, which predominantly holds equity stakes in group entities,
has filed for insolvency. Other entities under insolvency
proceedings within the group include Signa Prime, the main entity
holding income-producing properties. The European Central Bank had
requested banks to scrutinise the real estate values used for
lending to Signa entities. Signa Development's end-2022 properties
were valued by external independent valuers.
Wider Signa Group: As the Signa group is privately held, its public
transparency is not comparable with listed groups'. Signa
Development's disclosed related-party transactions are also subject
to the oversight of its five-person supervisory board, which has a
fiduciary duty to its shareholders, both of which are equipped to
investigate the investment rationale, arm's-length nature, and
reporting of transactions with other Signa group entities.
However, all five of Signa Development's supervisory board members
also serve on the eight-member supervisory board of Signa Prime.
Consequently, in Fitch's view, and from Signa Development's
creditors' perspective, transactions with Signa Prime fail to
demonstrate a high degree of transparency to allay corporate
governance risk. Although Signa Development was conserving its cash
with disposal receipts, financial receivables rose EUR215 million
in 1H23 after an EUR155 million increase in 2022, which Signa
Development has described as interest-bearing "loans to indirect
shareholders".
DERIVATION SUMMARY
Unlike other property developers Signa Development had a policy of
forward-sales of its residential and office developments, which
provided some visibility around timings and values upon completion.
If the company had relied on speculative development, its previous
ratings would have been lower.
KEY ASSUMPTIONS
Financial forecasts are no longer relevant after the filing for
insolvency proceedings.
RECOVERY ANALYSIS
Fitch had withdrawn Signa Development's senior unsecured rating on
12 December 2023 due to a lack of information to estimate
meaningful recovery estimates.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- Successful completion of Signa Development's restructuring under
the insolvency proceeding framework
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- As Signa Development is rated 'D', it cannot be downgraded
further
LIQUIDITY AND DEBT STRUCTURE
Appointment of Advisors: Signa Development has previously disclosed
that it has appointed advisors to support the company in its
current challenges, including its liquidity position.
End-June 2023 Cash: The last published figures on cash were as of
end-June 2023, when the company had cash of EUR32 million
(end-2022: EUR125.1 million). Post-1H23 the company reported
receipts from a two-stage sale of BEAM (a completed Berlin office)
for an undisclosed amount.
ISSUER PROFILE
Signa Development is a property development company active mainly
in Austria and Germany. Signa Development is part of the wider
Signa group.
ESG CONSIDERATIONS
Signa Development has an ESG score of '5' for Group Structure
reflecting its complexity, transparency as an unlisted entity and
high levels of related-party transactions including recent cash
outflows. This has a negative impact on the credit profile, and is
highly relevant to the ratings in conjunction with other factors.
Signa Development has an ESG score of '5' for Governance Structure.
This reflects the previous active participation of the founder
within Signa Development without being a supervisory or management
board member of Signa Development. Fitch understands from
management the founder has now stepped down from this active
participation. This has a negative impact on the credit profile,
and is highly relevant to the ratings in conjunction with other
factors.
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Prior
----------- ------ -----
Signa Development
Selection AG LT IDR D Downgrade C
=============
F I N L A N D
=============
AMER SPORTS: S&P Places 'B+' LT ICR on Watch Pos. Over IPO
----------------------------------------------------------
S&P Global Ratings placed its 'B+' long-term issuer credit rating
on sportswear and sports equipment company Amer Sports Holding 1 Oy
on CreditWatch with positive implications. At the same time, S&P
placed on CreditWatch positive its 'B+' issue rating on Amer
Sports' EUR1.7 billion first-lien senior secured term loan due 2026
and EUR315 million RCF due 2025.
On Jan. 4, Amer Sports announced that it has filed a registration
statement to launch an IPO on the New York Stock Exchange. The
transaction is expected to finalize in the first half of 2024.
S&P said, "We aim to resolve the CreditWatch placement when the IPO
closes, and Amer Sport Holdings repays the EUR1.3 billion TLA and
RCF drawings as planned. Rating upside would depend on our
evaluation of Amer Sports' final capital structure, new ownership
structure, and financial policy after the transaction closes. If
the IPO closes in line with current expectations, we expect a
material improvement in S&P Global Ratings-adjusted debt to EBITDA
that could lead us to upgrade the company by multiple notches.
"The positive CreditWatch placement follows Amer Sports' Jan. 4
announcement that it plans to list on the New York Stock Exchange.
While the number of shares to be offered and the price range for
the proposed offering have not yet been determined, we expect Amer
Sports will use the net proceeds to pay down the EUR1.3 billion TLA
issued by its parent company Anta Sports, and repay EUR313 million
RCF drawings. Amer Sports is also planning to refinance its EUR1.7
billion TLB due in March 2026 and improve its liquidity profile
thanks to a new RCF. We understand that existing shareholders are
not planning to sell any of their interests as part of the
transaction, although we project that the additional equity will
slightly dilute Anta's ownership. Assuming the IPO closes in line
with current expectations, we estimate a material reduction in S&P
Global Ratings-adjusted leverage, with expected adjusted debt to
EBITDA 2024 approaching 2.5x, down from about 5.7x-5.6x expected at
year-end 2023.
"The company showed good track record in terms of profitable
organic growth, and in 2023 it outperformed our base case both in
terms of revenue and profitability. As of Sept. 30, 2023, Amer
Sports reported about 27% revenue growth, outperforming our
previous base case. The group posted strong results in all
segments, with solid momentum in the outdoor sports segment
(accounting of about 71% of total sales 2022) with reported sales
up 37% year-on-year, considerably outperforming the ball sports
segment, which was up 8% over the same period. These strong results
were supported by very good performance at the Arc'teryx brand,
with sales up by 63% and at Salomon, up by 38%. Geographically,
Asia-Pacific continued to be the fastest expanding market for the
group, achieving sales growth of about 60% during the first nine
months of 2023, compared with 19% for Europe, the Middle East, and
Africa (EMEA) and 17% for the Americas. We believe that the
positive trend will continue in future quarters, leading to
reported revenue growth of 22%-25% expected for the full-year
2023.Overall, strong growth across all Amer Sports' key segments
and further support from consumers' increasing participation in
outdoor activities should continue to benefit its topline growth.
In 2024, we project strong organic volumes growth, new store
openings, and continued market penetration, especially in the
Asia-Pacific region, while the contribution from price increase
will be limited. We expect that improving operating
leverage--coupled with brand strategic investments, supply chain
optimization, and targeted marketing activities--should improve the
group's EBITDA margin to about 13.5%-14.0% over the same period, up
from 12.6% in 2022.
"For 2023, we expect strong operating performance will enable Amer
Sports to reduce adjusted debt to EBITDA below 6.0x.However, high
working capital requirements are expected to continue to pressure
annual free operating cash flow (FOCF) generation. Strong top-line
and profitability improvements results in accelerated deleveraging
expected for 2023, with S&P Global Ratings-adjusted debt to EBITDA
declining to 5.7x-5.6x from 7.2x in 2022. Higher working capital
requirements weakened FOCF, mostly due to inventory build-up, and
capital expenditure (capex) investments to expand the retail
network (336 stores as of end-September 2023), especially in China
and the U.S. Specifically, we expect capex needs of about EUR160
million-EUR170 million in 2023, increasing to about EUR250 million
in 2024 to support expansion projects. For 2023 we assume negative
FOCF in the EUR105 million-EUR115 million range (including lease
payments). Over 2024-2025, we expect that high sales growth and
EBITDA, combined with lower working capital requirements, will
gradually improve Amer Sports' cash flow generation, with neutral
FOCF generation in 2024 before turning positive in 2025.
"We aim to resolve the CreditWatch placement when the IPO closes
and Amer Sport Holdings repays the EUR1.3 billion TLA and RCF
drawings as planned. Rating upside would depend on our evaluation
of Amer Sports' final capital structure, new ownership structure,
and financial policy after the transaction closes. If the IPO
closes in line with current expectations, we expect a material
improvement in S&P Global Ratings-adjusted debt to EBITDA that
could lead us to upgrade Amer Sports by multiple notches."
=============
G E R M A N Y
=============
SC GERMANY: DBRS Finalizes BB(low) Rating on Class F Notes
----------------------------------------------------------
DBRS Ratings GmbH finalized its provisional credit ratings on the
following classes of notes (the Notes) issued by SC Germany S.A.,
acting for and on behalf of its Compartment Leasing 2023-1 (the
Issuer):
-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)
-- Class C Notes at A (high) (sf)
-- Class D Notes at BBB (high) (sf)
-- Class E Notes at BBB (low) (sf)
-- Class F Notes at BB (low) (sf)
The credit rating on the Class A Notes addresses the timely payment
of scheduled interest and the ultimate repayment of principal by
the final maturity date. The credit ratings on the Class B to Class
F Notes address the ultimate payment of scheduled interest, the
timely payment of scheduled interest when they are the senior-most
classes of notes outstanding, and the ultimate repayment of
principal by the final maturity date.
CREDIT RATING RATIONALE
The transaction represents the issuance of Notes backed by a
selected portfolio of approximately EUR 700 million of receivables
related to auto leases granted by Santander Consumer Leasing GmbH
(SCL; the originator, the seller), a wholly owned subsidiary of
Santander Consumer Bank AG, to SMEs, corporates, and private
individuals resident or incorporated in the Federal Republic of
Germany. The underlying motor vehicles related to the auto leases
consist of both new and used passenger vehicles, motorcycles, and
light, medium, and heavy commercial vehicles. SCL also services the
receivables.
DBRS Morningstar based its credit ratings on a review of the
following analytical considerations:
-- The transaction's structure, including the form and sufficiency
of available credit enhancement to withstand DBRS Morningstar's
stressed cash flow assumptions and repay the Issuer's financial
obligations according to the terms under which the Notes are
issued.
-- The credit quality of Santander Consumer Leasing GmbH's
portfolio, the characteristics of the collateral, its historical
performance, and DBRS Morningstar's projected behavior under
various stress scenarios.
-- Santander Consumer Leasing GmbH's capabilities with respect to
originations, underwriting, servicing, and its position in the
market and financial strength.
-- The operational risk review of Santander Consumer Leasing GmbH,
which DBRS Morningstar deems to be an acceptable servicer, and its
role in the transaction.
-- The transaction parties' financial strength with regard to
their respective roles.
-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
-- The consistency of the transaction's hedging structure with
DBRS Morningstar's "Derivative Criteria for European Structured
Finance Transactions" methodology.
-- The sovereign rating on the Federal Republic of Germany,
currently rated AAA with a Stable trend by DBRS Morningstar.
TRANSACTION STRUCTURE
The transaction allocates payments on separate interest and
principal priorities of payments and will benefit from an
amortizing cash reserve that will be funded at closing with an
amount equal to 1.25% of the Rated Notes' outstanding balance. The
cash reserve will be floored at 0.2% of the Class A to Class F
Notes' initial balance.
The transaction includes a 12 month revolving period. The repayment
of the Class A, Class B, Class C, Class D, and Class E Notes will
start on the first amortization payment date in January 2025 on a
pro rata basis unless certain events, such as a breach of
performance triggers or a replacement of the servicer, occur. Under
these circumstances, the principal repayment on the Notes will
become fully sequential, and the switch is not reversible. Interest
and principal payments on the Notes will be made monthly. The Class
F Notes will benefit from a turbo amortization according the
pre-enforcements interest priority of payments. Once the interest
on the Notes are paid, the excess spread will be used to amortize
the Class F Notes.
All underlying contracts are fixed rate while the Notes pay a
floating rate. The Notes are indexed to one-month Euribor. Interest
rate risk for the Rated Notes is mitigated through an interest rate
swap that the Issuer entered into with an eligible counterparty.
COUNTERPARTIES
HSBC Continental Europe (HSBC CE) has been appointed to act as the
account bank for the transaction. Based on DBRS Morningstar's
private rating on HSBC CE and the downgrade provisions outlined in
the transaction documents, DBRS Morningstar considers the risk
arising from the exposure to the account bank to be consistent with
the credit ratings assigned to the Notes, as described in DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
(DZ Bank) has been appointed as the swap counterparty for the
transaction. The DBRS Morningstar credit rating on DZ Bank and the
downgrade provisions referenced in the hedging documents are
consistent with DBRS Morningstar's "Derivative Criteria for
European Structured Finance Transactions" methodology.
DBRS Morningstar's credit ratings on the Class A, Class B, Class C,
Class D, Class E, and Class F Notes address the credit risk
associated with the identified financial obligations in accordance
with the relevant transaction documents. For the Notes the
associated financial obligations are the related interest payments
amounts and the related principal payments. For the Class F Notes
only, the financial obligations include the Class F turbo principal
redemption amount.
DBRS Morningstar's credit rating does not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction document(s) that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in euros unless otherwise noted.
TELE COLUMBUS: EUR525.2MM Bank Debt Trades at 37% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Tele Columbus AG is
a borrower were trading in the secondary market around 63.2
cents-on-the-dollar during the week ended Friday, January 5, 2024,
according to Bloomberg's Evaluated Pricing service data.
The EUR525.2 million acility is a Term loan that is scheduled to
mature on October 15, 2024. About EUR462.5 million of the loan is
withdrawn and outstanding.
Tele Columbus AG provides cable services. The Company offers cable
television programming, telephone, and internet connection services
to homeowners and the housing industry. Tele Columbus operates
throughout Germany.
=========
I T A L Y
=========
BRIGNOLE CO 2021: DBRS Confirms B(high) Rating on Class E Notes
---------------------------------------------------------------
DBRS Ratings GmbH took the following credit rating actions on the
notes issued by Brignole CO 2021 S.r.l. (Brignole CO 2021 or the
Issuer):
-- Class A Notes confirmed at AAA (sf)
-- Class B Notes upgraded to AA (high) (sf) from AA (sf)
-- Class C Notes upgraded to AA (low) (sf) from A (sf)
-- Class D Notes confirmed at BBB (high) (sf)
-- Class E Notes confirmed at B (high) (sf)
The credit rating on the Class A Notes addresses the timely payment
of interest and the ultimate repayment of principal on or before
the legal final maturity date in July 2036. The credit ratings on
the Class B, Class C, Class D, and Class E Notes address the
ultimate payment of interest and the ultimate repayment of
principal by the legal final maturity date while junior to other
outstanding classes of notes, but the timely payment of interest
when they are the senior-most tranche.
The credit rating actions are based on the following analytical
considerations:
-- Portfolio performance, in terms of delinquencies, defaults, and
losses, as of the November 2023 payment date;
-- Probability of default (PD), loss given default (LGD), and
expected loss assumptions on the receivables; and
-- Current available credit enhancement to the Class A to Class E
Notes to cover the expected losses at their respective credit
rating levels.
Brignole CO 2021 is a securitization of Italian consumer loan
receivables originated and serviced by Creditis Servizi Finanziari
S.p.A. (Creditis). The transaction closed in July 2021 and included
an 18-month revolving period that ended on the January 2023 payment
date.
PORTFOLIO PERFORMANCE
The portfolio is performing within DBRS Morningstar's expectations.
As of the October 2023 cut-off date, loans that were one, two, and
three months in arrears represented 1.2%, 0.5%, and 0.3% of the
outstanding performing portfolio balance, respectively, while loans
more than three months in arrears represented 0.5%. Gross
cumulative defaults amounted to 1.3% of the aggregate initial and
subsequent portfolios original balance, with cumulative recoveries
of 9.2% to date.
PORTFOLIO ASSUMPTIONS AND KEY DRIVERS
DBRS Morningstar maintained its base case PD and LGD assumptions at
3.3% and 70.0%, respectively.
CREDIT ENHANCEMENT
The subordination of the respective junior obligations and the cash
reserve provide credit enhancement to the rated notes. As of the
November 2023 payment date, credit enhancement was 19.8%, 14.5%,
8.5%, 5.0%, and 1.4% for the Class A, Class B, Class C, Class D,
and Class E Notes, respectively.
The transaction benefits from liquidity support provided by an
amortizing cash reserve. The reserve is available to cover interest
payments on the Class A and Class B Notes and to cure the Class A
principal deficiency ledger balance. The reserve has a target
balance equal to 1.0% of the outstanding balance of the Class A to
Class E Notes, subject to a floor of EUR 1.36 million. As of the
November 2023 payment date, the reserve was at its target balance
of EUR 1.92 million.
BNP Paribas Succursale Italia (BNP Paribas Italy) acts as the
account bank for the transaction. Based on DBRS Morningstar's
private credit rating on BNP Paribas Italy, the downgrade
provisions outlined in the transaction documents, and other
mitigating factors inherent in the transaction structures, DBRS
Morningstar considers the risk arising from the exposure to the
account bank to be consistent with the credit ratings assigned to
the notes, as described in DBRS Morningstar's "Legal Criteria for
European Structured Finance Transactions" methodology.
Natixis S.A. (Natixis) acts as the swap counterparty for the
transaction. DBRS Morningstar's private credit rating on Natixis is
above the first credit rating threshold as described in DBRS
Morningstar's "Derivative Criteria for European Structured Finance
Transactions" methodology.
DBRS Morningstar's credit ratings on the rated notes address the
credit risk associated with the identified financial obligations in
accordance with the relevant transaction documents.
DBRS Morningstar's credit ratings do not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in euros unless otherwise noted.
COLT SPV: DBRS Confirms B(high) Rating on Class B Notes
-------------------------------------------------------
DBRS Ratings GmbH took the following credit rating actions on the
notes issued by Colt SPV S.r.l. (Colt SPV or the Issuer), following
a restructuring to the transaction (the Restructuring):
-- Upgraded the credit rating on the Class A Notes to AA (sf) from
A (sf)
-- Assigned a AA (sf) credit rating to the Class A-2 Notes
-- Confirmed the B (high) (sf) credit rating on the Class B Notes
-- Assigned a B (high) (sf) credit rating to the Class B-2 Notes
The credit ratings on the Class A and Class A-2 Notes (together,
the Senior Notes) address the timely payment of interest and the
ultimate repayment of principal by the final maturity date. The
credit ratings on the Class B and Class B-2 Notes (together, the
Mezzanine Notes and, together with the Senior Notes, the Rated
Notes) address the ultimate payment of interest and the ultimate
repayment of principal by the final maturity date, in accordance
with the Issuer's default definition provided in the transaction
documents (i.e., the timely payment of interest when they become
the most senior tranche).
DBRS Morningstar did not rate the Class J and Class J-2 Notes, also
issued by Colt SPV.
The credit rating actions follow an entire review of the
transaction and are based on the following analytical
considerations:
-- The Restructuring of the transaction executed on 13 December
2023 including, but not limited to, a one-off transfer of an
additional portfolio to the Issuer, financed, inter alia, with the
issuance of the Class A-2 and Class B-2 Notes;
-- The portfolio performance, in terms of delinquencies, defaults,
and losses, as of the November 2023 payment date;
-- The updated one-year base-case probability of default (PD) and
updated portfolio default and recovery rates;
-- DBRS Morningstar's new Global Methodology for Rating CLOs and
Corporate CDOs;
-- The updated credit enhancement available to the Senior Notes
and the Mezzanine Notes to cover the expected losses at their
respective credit rating levels.
Colt SPV is a static cash flow securitization collateralized by a
portfolio of nonmortgage floating-rate loans granted to Italian
corporates and small and medium-sized enterprises (SMEs) by
illimity Bank S.p.A. (illimity). The loans included in the
aggregate portfolio are either unsecured (22.2% of the portfolio
balance or 37.4% of the loans), or benefit from a guarantee issued
by SACE S.p.A. (SACE; 61.3% of the portfolio balance or 29.6% of
the loans), or by Fondo Centrale di Garanzia (FCG; 16.4% of the
portfolio balance or 33.0% of the loans). The asset portfolio
continues to be serviced by illimity, with Banca Finanziaria
Internazionale S.p.A. (Banca Finint) acting as the backup
servicer.
As of 1 November 2023, the aggregate portfolio consisted of 115
loans extended to 81 borrowers, with a total outstanding principal
balance of EUR 583.7 million. As of the aggregate portfolio cut-off
date, the loans were performing; however, as per DBRS Morningstar's
understanding, some borrowers were classified as nonperforming in
the past and were subject to restructuring measures. The asset pool
is nongranular, with the top one, five, and 10 borrowers
representing 5.1%, 21.0%, and 35.7% of the aggregate portfolio
balance, respectively. As of 1 November 2023, 44 loans were in the
preamortization phase (i.e., temporarily paying interest-only
instalments).
THE RESTRUCTURING
-- Issuance of Class A-2, Class B-2, and Class J-2 Notes, which
rank pari passu and pro rata to the existing Class A, Class B, and
Class J Notes with respect to both principal and interest
payments.
-- November 2023 payment date: upon execution of a written
resolution signed by the noteholders, the Issuer available funds
were processed on the November 2023 quarterly payment date
exclusively to pay certain items of the pre-enforcement priority of
payments (i.e., senior expenses, Senior Notes interest, cash
reserve replenishment, and Class B Notes interest). Unused funds
were credited on the Issuer accounts.
-- Repurchase of seven loans either in arrears (30–60 days
bucket) or classified as unlikely-to-pay by the servicer, for an
aggregate repurchase price of EUR 82.8 million.
-- Purchase of an additional portfolio totaling EUR 217.7 million
through the proceeds deriving from (1) the issuance of Class A-2,
Class B-2, and Class J-2 Notes and (2) the repurchased loans.
-- Cash reserve and set-off reserve top-up to their updated target
amounts through a portion of the funds standing to the credit of
the Issuer accounts that were not used on the November 2023 payment
date. The cash reserve was topped up to EUR 15.9 million from EUR
8.5 million, while the set-off reserve was topped up to EUR 20.0
million from EUR 6.9 million.
PORTFOLIO PERFORMANCE
As per the transaction's servicer report as of 31 October 2023, the
existing pool of assets (i.e., the loans transferred in December
2022 excluding the additional portfolio but including the
repurchased loans) consisted of 70 loans for an aggregate principal
outstanding balance of EUR 446.3 million, out of which 15.4% in the
30–60 arrears bucket and 4.9% classified as unlikely-to-pay.
Loans in arrears or classified as unlikely-to-pay were repurchased
by the originator in the context of the Restructuring.
TRANSACTION STRUCTURE
The transaction benefits from a fully funded cash reserve equal to
EUR 15.9 million, available to the Issuer to cover senior expenses
and interest payments on the Senior Notes. Released amounts will be
available to pay down the Senior Notes. In the context of the
Restructuring, the cash reserve target amount was increased to 4.0%
of the Senior Notes' outstanding principal balance from 3.0 % (with
a floor maintained at 1.0% of the Senior Notes' initial principal
balance as of the relevant issue date). The transaction also
benefits from a fully funded set-off reserve totaling EUR 20.0
million, available to partially mitigate the set-off risk. The
set-off reserve will amortize as the set-off risk reduces or upon
full redemption of the Rated Notes.
The transaction features a combined waterfall with a fully
sequential amortization mechanism, which allows excess spread to be
used to pay down principal on the Rated Notes. Interest on the
Mezzanine Notes is paid senior to the Senior Notes principal,
unless a cumulative gross default based trigger is breached.
CREDIT ENHANCEMENT
As a result of the Restructuring, the Senior and Mezzanine Notes
credit enhancement increased to 34.6% and 14.9%. respectively, from
31.6% and 14.6%, respectively, as of the Initial Rating Date in
December 2022. Credit enhancement is provided by the aggregate
portfolio's outstanding principal balance (and the cash reserve for
the Senior Notes).
PORTFOLIO ASSUMPTIONS
DBRS Morningstar was not provided with historical performance data,
because of the relatively short origination history of the bank.
However, the originator provided the borrower's private ratings
assigned by an ESMA-registered credit rating agency that
specializes in Italian nonfinancial companies. DBRS Morningstar
assessed the portfolio credit quality using its internal mapping of
such ratings. Furthermore, DBRS Morningstar applied additional
adjustments to reflect the expectations of a higher PD associated
to borrowers with past adverse credit history that underwent a
turnaround process.
The majority of the loans benefit from state guarantees issued by
either SACE or FCG (which cover, on average, 87.5% and 80.3% of the
loans' outstanding principal balance, respectively). The unsecured
recovery rates have been adjusted to account for the benefit of the
guarantee. In its credit analysis, DBRS Morningstar did not give
full credit to the guarantee for credit rating scenarios above BBB
(high), in line with the current long-term issuer rating of the
Italian sovereign. Moreover, DBRS Morningstar assumed that, in all
credit rating scenarios, a portion of the guarantee would not be
honored to account for possible rescissions of the guarantee as a
result of noncompliance with its terms. DBRS Morningstar adjusted
the guarantees' rescission rates to account for the nongranular
nature of the portfolio. DBRS Morningstar applied the unsecured
recovery rates to the remaining loans, which are unsecured.
The transaction is exposed to set-off risk, which, according to
DBRS Morningstar calculations, represents 7.0% of the aggregate
portfolio, if all borrowers opt to claim the first EUR 100,000
covered by the deposit guarantee scheme. The set-off reserve
partially mitigates this risk. DBRS Morningstar factored the
set-off reserve in its analysis and assumed a set-off loss for the
Senior Notes and the Mezzanine Notes equal to EUR 20.9 and EUR 10.5
million, respectively.
COUNTERPARTIES
The Bank of New York Mellon SA/NV – Milan Branch acts as the
account bank for the transaction. Based on the DBRS Morningstar AA
(high) long-term public rating of the account bank, the downgrade
provisions outlined in the transaction documents, and the
structural mitigants inherent in the transaction structure, DBRS
Morningstar considers the risk arising from the exposure to the
account bank to be consistent with the ratings assigned, as
described in DBRS Morningstar's "Legal Criteria for European
Structured Finance Transactions" methodology.
DBRS Morningstar determined its credit ratings based on the
principal methodology and the following analytical considerations:
-- DBRS Morningstar determined the PD for the aggregate portfolio
using the previously mentioned borrower's private ratings. DBRS
Morningstar assumed a weighted-average (WA) annualized portfolio PD
of 11.8%, down from 13.1% as of the Initial Rating Date.
-- The weighted-average life (WAL) of the portfolio is 2.5 years,
down from 2.9 years as of the Initial Rating Date.
-- DBRS Morningstar used the PDs and the WAL as inputs in its SME
Diversity Model to generate the hurdle rate for the assigned credit
ratings.
-- DBRS Morningstar determined the recovery rates by giving
partial credit to the SACE and FCG guarantees. The WA recovery rate
is 40.3% and 58.3% at the AA (sf) and B (high) (sf) credit rating
levels, respectively.
-- DBRS Morningstar determined the breakeven rates for the
interest rate stresses and default timings using its cash flow
tool.
DBRS Morningstar's credit ratings on the Rated Notes address the
credit risk associated with the identified financial obligations in
accordance with the relevant transaction documents. The associated
financial obligations are the related principal amount outstanding
and the related interest amounts.
DBRS Morningstar's credit ratings do not address nonpayment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in euros unless otherwise noted.
STRESA SECURITIZATION: DBRS Finalizes BB(high) Rating on D Notes
----------------------------------------------------------------
DBRS Ratings GmbH finalized its provisional credit ratings to the
residential mortgage-backed notes to be issued by Stresa
Securitization S.r.l. (the Issuer) as follows:
-- Class A at AA (sf)
-- Class B at A (high) (sf)
-- Class C at BBB (high) (sf)
-- Class D at BB (high) (sf)
The credit rating on the Class A notes addresses the timely payment
of interest and the ultimate repayment of principal. The credit
ratings on the Class B, Class C and Class D notes address the
ultimate payment of interest and principal.
DBRS Morningstar does not rate the Class R and Class Z notes also
expected to be issued in this transaction.
CREDIT RATING RATIONALE
The Issuer is a bankruptcy-remote special-purpose vehicle
incorporated in the Republic of Italy. The Issuer will use the
proceeds of the notes to re-securitize an existing portfolio of
mostly prime and performing Italian owner-occupied (OO) mortgage
loans secured over properties in Italy.
Meliorbanca S.p.A. (Meliorbanca; the originator) originated the
mortgage loans included in this portfolio in 2006 and 2007.
Meliorbanca merged into BPER Banca S.p.A. (BPER) in 2011. Following
Commerzbank group's purchase, the portfolio was securitized under
Borromeo Finance S.r.l. (Borromeo). Borromeo subsequently sold the
portfolio to Stresa, a new special-purpose vehicle sponsored by the
Fortress Investment Group LLC (Fortress) with two separate
transfers in 2017 and 2019. The purpose of the newly issued notes
is to repay the outstanding notes that Stresa issued to finance the
portfolio purchases from Borromeo.
doNext S.p.A. (doNext) has been acting as the servicer for the
portfolio since March 2011 and will continue to service the
portfolio after the new notes issuance. DBRS Morningstar reviewed
doValue S.p.A.'s (doNext's parent company) servicing practices.
The portfolio size as of October 2023 amounts to EUR 153 million,
with a weighted average (WA) indexed current loan-to-value (CLTV)
of 64.8% (calculated by DBRS Morningstar) and a WA seasoning of
approximately 17 years. Roughly 13% of the portfolio (as per DBRS
Morningstar calculations) is equal to or more than three months in
arrears, including defaulted loans. The majority of the portfolio
corresponds to floating-rate for life loans tracking six-month
Euribor. Although these loans track the same index and reset every
three months, the index calculation method is different depending
on the product type. In most cases, the index is calculated as the
average of the last two months before each quarterly reset. The WA
coupon of the portfolio equals 5.5%.
Liquidity for the Class A notes will be supported by a liquidity
reserve fund (LRF), which will be fully funded at closing and then
amortize in line with the referred class of notes, which shall also
feature a floor equal to 2% of the Class A notes' initial balance.
The notes' terms and conditions allow interest payments other than
on the Class A notes to be deferred if the available funds are
insufficient. However, when the Class B notes are the most senior
class of notes outstanding, deferral is not possible for the Class
B notes.
Furthermore, Deutsche Bank AG/London Branch shall act as the Issuer
Account Bank, and BPER Banca S.p.A. shall be appointed as the
Collection Account Bank. While the former is privately rated by
DBRS Morningstar, the latter is publicly rated with a long-term
critical obligations rating (COR) of A (low) and a long-term issuer
rating (IR) of BBB, both with a stable trend. Both entities meet
the eligible ratings in structured finance transactions and are
consistent with DBRS Morningstar's "Legal Criteria for European
Structured Finance Transactions" methodology.
The notes expected to be issued in this transaction feature a
coupon cap meaning that the coupon on the rated notes cannot exceed
the maximum coupon established at closing. Payments made by the
Issuer above the coupon cap are junior in the waterfall and for
that reason DBRS Morningstar credit ratings do not address the
payment of this additional amount.
Credit enhancement for the Class A notes is calculated at 19.25%
and is provided by the subordination of the Class B to Class D
notes and Class Z notes. Credit enhancement for the Class B notes
is calculated at 15.50% and is provided by the subordination of the
Class C to Class D notes and Class Z notes. Credit enhancement for
the Class C notes is calculated at 11.75% and is provided by the
subordination of the Class D and Class Z notes. Credit enhancement
for the Class D notes is calculated at 8.50% and is provided by the
Class Z notes.
DBRS Morningstar based its credit ratings primarily on a review of
the following analytical considerations:
-- The transaction capital structure, including the form and
sufficiency of available credit enhancement and liquidity
provisions.
-- The credit quality of the mortgage portfolio and the servicer's
ability to perform collection and resolution activities.
-- DBRS Morningstar estimated stress-level probability of default
(PD), loss given default (LGD), and expected losses (EL) on the
mortgage portfolio. DBRS Morningstar used the PD, LGD, and EL as
inputs into its cash flow engine. DBRS Morningstar analyzed the
mortgage portfolio in accordance with its "European RMBS Insight
Methodology" and "European RMBS Insight: Italian Addendum".
-- The transaction's ability to withstand stressed cash flow
assumptions and repay investors in accordance with the terms and
conditions of the notes. DBRS Morningstar analyzed the transaction
structure using Intex DealMaker. DBRS Morningstar considered
additional sensitivity scenarios of 0% CPR.
-- The exposure to the transaction account bank and the downgrade
provisions outlined in the transaction documents.
-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology and the presence of legal opinions
addressing the assignment of the assets to the Issuer.
-- The sovereign rating of the Republic of Italy, rated BBB (high)
with a Stable trend by DBRS Morningstar, as of the date of this
press release.
DBRS Morningstar's credit ratings on the rated notes address the
credit risk associated with the identified financial obligations in
accordance with the relevant transaction documents. The associated
financial obligations are the related Interest Amounts and the
related Class Balances.
DBRS Morningstar's credit ratings do not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction document(s) that are not financial
obligations. For example, the credit ratings on the applicable
notes do not address the related Additional Coupon Cap Payments.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in euros unless otherwise noted.
===================
L U X E M B O U R G
===================
PALLADIUM SECURITIES 1: DBRS Confirms BB(high) Rating on 147 Notes
------------------------------------------------------------------
DBRS Ratings GmbH confirmed its BB (high) (sf) credit rating on the
Series 147 Fixed to Floating Rate Instruments due 2024 (the Notes)
issued by Palladium Securities 1 S.A. acting in relation to
Compartment 147-2014-22 (the Issuer).
The confirmation follows an annual review of the transaction.
The Issuer is a public limited liability company (societe anonyme)
incorporated under the laws of the Grand Duchy of Luxembourg. The
transaction is a credit-linked note of two corporate fixed-rate
bonds (the Collateral). The Collateral comprises EUR 28.3 million
euro-denominated bonds issued by Assicurazioni Generali S.p.A.
(5.125% bonds due 16 September 2024; ISIN: XS0452314536) and GBP
22.15 million British pound-denominated bonds issued by ENEL
Finance International NV (5.625% bonds due 14 August 2024; ISIN:
XS0452188054), which together represent the full issue amount of
the Palladium Series 147 Notes, i.e., EUR 56.6 million. The
noteholders and other transaction counterparties have recourse only
to the assets in Compartment 147-2014-22, in accordance with
Luxembourg law.
The transaction uses an asset swap to transform the payout profile
of the collateral security. The noteholders are effectively exposed
to the risk that either of the two bonds that constitute the
Collateral or the hedging counterparty defaults. The transaction
documents contain no downgrade provisions with respect to the
hedging counterparty. As such, DBRS Morningstar considers the Notes
to be also exposed to the risk of default of the hedging
counterparty. Deutsche Bank AG, London Branch acts as the hedging
counterparty.
Under the asset swap:
-- The hedging counterparty sold the par amount of EUR 56.6
million of the Collateral (EUR 28.3 million euro-denominated bonds
issued by Assicurazioni Generali S.p.A. and GBP 22.15 million
British pounds-denominated bonds issued by ENEL Finance
International NV) to the Issuer and received a payment on 10
February 2015 (the trade date).
-- The Issuer passes the interest payments received from the
Collateral to the hedging counterparty as and when they occur.
-- The hedging counterparty makes the interest payments as
specified in the asset swap agreement to the Issuer. The Notes pay
interest annually on 10 February, beginning in 2016 and ending in
2024.
-- The hedging counterparty pays a fixed rate of 2.3% per annum
for the first two years of the transaction.
The subsequent payments on the Notes are a fixed 0.5% of interest
plus a floating bonus interest subject to a bonus threshold. The
bonus interest is equal to the five-year EUR constant maturity swap
(CMS) less 0.5% as calculated each year, with a maximum rate of
3.75% and a minimum rate of 0.50% per annum. The bonus threshold,
in respect of each interest rate period, is determined by the
EUR-USD exchange rate being below or equal to EUR 1.40. The
fixed-rate and floating bonus interest rate in aggregate are equal
to an interest rate of five-year EUR CMS (subject to a minimum of
1.00% and a maximum of 4.25%).
-- At the scheduled maturity, the hedging counterparty will
receive the Collateral from the Issuer and will pay EUR 56.6
million.
The significant counterparties to the Issuer are listed below. DBRS
Morningstar maintains private ratings on these counterparties,
which it does not publish, except on European Depository Bank S.A.,
not rated by DBRS Morningstar.
-- Deutsche Bank AG, London Branch acts as the hedging
counterparty, initial purchaser of the Notes, calculation agent,
paying agent, selling agent, and arranger, and pays the fees and
expenses of the Issuer.
-- Deutsche Bank Luxembourg S.A., a wholly owned subsidiary of
Deutsche Bank AG, acts as the Luxembourg paying agent.
-- European Depository Bank S.A. acts as the custodian and
servicer since 30 October 2019 when it replaced Deutsche Bank
Luxembourg S.A. in such capacities.
-- Deutsche Trustee Company Limited acts as the trustee.
DBRS Morningstar maintains internal assessments on the credit
ratings of the corporate fixed-rate bonds that make up the
Collateral to evaluate the credit risk of the Collateral and
monitor its credit risk on an ongoing basis. As per DBRS
Morningstar criteria, an internal assessment is an opinion
regarding its creditworthiness based primarily upon public ratings.
Internal assessments are not credit ratings and DBRS Morningstar
does not publish them.
In addition to the credit profiles of the Collateral and the
hedging counterparty, the credit rating on the Notes is based on
DBRS Morningstar's review of the following items:
-- The transaction structure.
-- The transaction documents.
-- The legal opinions addressing, but not limited to, true sale of
the Collateral, bankruptcy remoteness of the Issuer, the asset
segregation of the compartment, enforceability of the contracts and
agreements, and the fact that no tax will be withheld at the Issuer
level.
DBRS Morningstar did not address the following:
-- The pricing of the asset swap; that is, whether there will be
sufficient cash flows from the Collateral to fully compensate the
hedging counterparty for its obligations. As the hedging
counterparty is contractually obliged to make the payments as
specified under the asset swap agreement, the risk that it defaults
is addressed by the DBRS Morningstar private rating.
-- Cash flow analysis to assess the returns due to the
noteholders, as the returns are reliant on the swap counterparty.
The transaction can terminate early on the occurrence of an event
of default, mandatory cancellation, or cancellation for taxation
and other reasons.
Events of default occur under, but are not limited to, the
following scenarios:
-- Failure to pay any amount due on the Notes beyond the grace
period.
-- The Issuer fails to perform its obligations under the series
instrument.
-- Any competent court ordering the dissolution of the Issuer or
the company for whatever reason that includes, but is not limited
to, bankruptcy, fraudulent conveyance, and merger.
Mandatory cancellation includes:
-- The Collateral becomes repayable other than by the discretion
of the relevant Collateral obligor in accordance with the terms of
the Collateral.
-- The Collateral becomes, for whatever reason, capable of being
declared due and payable prior to its stated maturity.
-- The Collateral defaults.
Similarly, cancellation for taxation, etc., includes:
-- The Issuer becomes required to withhold tax on the next payment
date.
-- Termination of the hedging agreement.
Under the series instrument, the amount payable to the noteholders
is determined as the market value of the Collateral minus the early
termination unwind costs.
The early termination unwind costs are determined as the sum of:
(1) The amount of (a) all costs, taxes, fees, expenses (including
loss of funding), etc., incurred by the hedging counterparty
(positive amount) or (b) the gain realized by the hedging
counterparty (negative amount) as a result of the cancellation of
the asset swap; and
(2) Legal and other costs incurred by the Issuer, trustee,
custodian, and the hedging counterparty.
It should be noted that the DBRS Morningstar credit rating assigned
to this security does not address changes in law or changes in the
interpretation of existing laws. Such changes in law or their
interpretation could result in the early termination of the
transaction and the noteholders could be subjected to a loss on the
Notes.
DBRS Morningstar's credit rating on the Notes addresses the credit
risk associated with the identified financial obligations in
accordance with the relevant transaction documents.
DBRS Morningstar's credit rating does not address nonpayment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in euros unless otherwise noted.
TRINSEO MATERIALS: Calamos CHI Marks $497,000 Loan at 20% Off
-------------------------------------------------------------
Calamos Convertible Opportunities and Income Fund (Ticker: CHI) has
marked its $497,455 loan extended to Trinseo Materials Operating
SCA to market at $397,313 or 80% of the outstanding amount, as of
October 31, 2023, according to a disclosure contained in Calamos'
Form N-CSR report for the fiscal year ended October 31, 2023, filed
with the Securities and Exchange Commission.
CHI is a participant in a bank loan to Trinseo Materials Operating
SCA. The loan accrues interest at a rate of 7.939% (1 mo. SOFR +
2.50%) per annum. The loan matures on May 3, 2028.
Calamos provides closed-end funds that use a diversified blend of
convertible securities, equities, fixed income, and alternative
investments across innovative investment strategies to support
competitive distributions throughout a market cycle.
CHI is an enhanced fixed-income offering that seeks total return
through capital appreciation and current income. It provides an
alternative to funds investing exclusively in investment-grade
fixed-income instruments and seeks to be less sensitive to interest
rate moves. Like all Calamos closed-end funds, the Fund invests in
multiple asset classes and aims to provide a steady stream of
distributions paid out monthly.
About Trinseo
Headquartered in Wayne, Pennsylvania, Trinseo plc (NYSE: TSE) --
https://www.trinseo.com/ -- is a producer of engineered materials,
latex, and styrene-based plastics serving a variety of industrial
and consumer end-markets.
* * *
In May 2023, S&P Global Ratings lowered its issuer credit rating on
Trinseo PLC to 'CCC+' from 'B-'. S&P said, "The downgrade reflects
that Trinseo has not yet addressed the upcoming maturity of its
$661.7 million TLB, which becomes current in September, and that we
anticipate weak 2023 earnings."
In October 2023, S&P assigned its 'B' issue-level rating and '1'
recovery rating to Trinseo NA Finance SPV LLC's $1.077 billion
first-lien senior secured term loan, used to refinance the entirety
of the Company's outstanding term loan due September 2024 and $385
million of its existing $500 million senior notes due September
2025. The term loan and the senior notes were co-issued by
subsidiaries Trinseo Materials Operating S.C.A. and Trinseo
Materials Finance Inc. Trinseo NA Finance SPV LLC is a
debt-issuing subsidiary of Trinseo PLC. All ratings on Trinseo
PLC, including the 'CCC+' issuer credit rating, were unchanged.
===============
P O R T U G A L
===============
CAIXA ECONOMICA: DBRS Ups LT Issuer & Sr. Debt Rating to 'BB'(high)
-------------------------------------------------------------------
DBRS Ratings GmbH upgraded the ratings of Caixa Economica Montepio
Geral, S.A. (Banco Montepio, or the Bank), including the Long-Term
Issuer Rating and Long-Term Senior Debt to BB from B (high), and
the Long-Term Deposits to BB (high) from BB (low). The Trend on all
ratings is Stable. The Bank's Intrinsic Assessment (IA) was also
raised to BB and the Support Assessment was maintained at SA3.
The Bank's BB (high) Long-Term Deposits rating is one notch above
the IA, reflecting the legal framework in place in Portugal which
has full depositor preference in bank insolvency and resolution
proceedings. The Bank's Short-Term Deposits rating is R-3 with a
Stable trend.
KEY CREDIT RATING CONSIDERATIONS
The rating upgrade takes into account the progress that Banco
Montepio has made to strengthen its balance sheet and capital
buffers, as well as simplify its operational structure. In 9M 2023,
the Bank continued to reduce its stock of non-performing loans
(NPLs) and non-core assets. The gross NPL ratio fell to 4.2% in 9M
2023 from 6.9% in the same period of 2022, while the CET1%
increased to 15.2%, up by 150 bps compared to YE 2022. As part of
the strategic re-focus on its core Portuguese market, Banco
Montepio completed the sale of Finibanco Angola in August 2023. In
addition, the Bank's core profitability has improved also a result
of the increase in net interest rate income on the back of rising
interest rates and taking into account the Bank's large exposure to
floating rate loans.
Nonetheless, the ratings continue to reflect the Bank's still large
stock of non-performing loans (NPLs), its modest profitability
levels relative to peers, and its limited capital flexibility. The
Stable Trend reflects the expectations that risks are broadly
balanced and that the Bank will cope with the asset quality risks
posed by high interest rates and weaker economic prospects.
CREDIT RATING DRIVERS
An upgrade would require sustained improvements in profitability
and a further reduction in NPLs, while maintaining solid capital
and liquidity buffers.
A downgrade would occur in the event of a material deterioration in
the Bank's capital position or liquidity position.
CREDIT RATING RATIONALE
Franchise Combined Building Block (BB) Assessment: Moderate/Weak
Banco Montepio is a small Portuguese retail and commercial bank
with total assets of around EUR 18 billion in 9M 2023 and is
majority owned by the Montepio Geral Associacao Mutualista (MGAM).
As part of its turnround, the Bank has continued to streamline its
branch footprint, with the closure of 5 branches in Portugal in
2023, and a reduction in the headcount. In addition, as part of the
Bank's strategic re-focus on its core Portuguese market, Banco
Montepio completed the sale of Finibanco Angola in August 2023.
Prior to that, the Bank completed the liquidation of Banco MG Cabo
Verde, as well as the disposal of its stake in Banco Terra, S.A. in
Mozambique.
Earnings Combined Building Block (BB) Assessment: Weak/Very Weak
Historically, the Bank's profitability metrics and returns have
been weak, mainly due to limited revenue diversification relative
to its peers, a high cost to income ratio, as well as high
provisioning costs due to weak asset quality. Results, however,
have begun to improve supported by a series of restructuring
initiatives, including de-risking. In 2022, Banco Montepio posted a
net profit of around EUR 34 million, up from EUR 7.7 million in
2021, on the back of higher revenues, as well as lower impairments
and provisions, and lower operating costs.
In 9M 2023, however, the Bank posted a loss of EUR 21 million as a
result of a one-off item related to the disposal of Finibanco
Angola which led to the recognition of a negative impact of EUR 116
million from FX reserve reclassification. Excluding this one-off,
the Bank's recurrent profit for 9M 2023 was reported at around EUR
95 million, up from EUR 24 million for the same period in 2022,
driven by the strong growth in NII. Going forward, we expect the
Bank's profitability to begin to normalize reflecting lower impact
from non-recurring items.
Risk Combined Building Block (BB) Assessment: Moderate/Weak
The Bank's loan portfolio is exposed to mortgages to households and
loans to corporates, mainly in the manufacturing, wholesale and
retail trade, and accommodation and food services sectors. In 9M
2023, Banco Montepio has continued to reduce its stock of problem
loans and non-core assets. The Bank's gross NPE ratio fell to 4.2%
from 6.9% in the same period in 2022, supported by disposals and
higher cures and recoveries. Total NPL outflows continued to
outpace the new defaults in 9M 2023. At the same time, the total
NPE coverage by provisions increased to 67.2% from 56.1% at YE
2022. Asset quality has continued to benefit from a benign economic
environment in Portugal, improved labor market conditions, as well
as the public guarantee schemes available for SMEs and corporates.
Nonetheless, asset quality risks remain, taking into account the
ongoing economic slowdown and the pressure for borrowers' debt
affordability due to a rapid increase in interest rates.
The Bank maintains a large exposure to Sovereign bonds. This
security portfolio amounted to around EUR 4.2 billion in 9M 2023,
corresponding to around 24% of the total assets. Most of this
portfolio is classified at amortized cost. The increase in interest
rates has led to the formation of unrealized losses on this
portfolio, although we expect this to be manageable given the
Bank's adequate liquidity profile and access to central bank
funding.
Funding and Liquidity Combined Building Block (BB) Assessment:
Moderate
Banco Montepio's funding profile is underpinned by its customer
deposits, which represent the main source of funding. The bulk of
deposits are with retail customers. The Bank's deposit base has
stabilized after the sector-wide outflows experienced in Q1 2023
due to increased market volatility and rising interests rates which
led depositors to invest in alternative products, such as the
certificates issued by the Portuguese Government. Overall, the
deposits are evenly split in sight and term deposits, although in
recent months, there was a shift to term deposits with higher
remuneration. In 9M 2023, the Loan to Deposit (LtD) ratio remained
broadly unchanged YoY to 89% on the back of lower lending volumes.
As part of the plan to meet its MREL requirement of 23.54% for
January 2025, the Bank returned to the wholesale market with the
issuance of EUR 200 million in senior preferred bonds in October
2023. The Bank maintained an adequate liquidity profile with a
buffer of around EUR 3.9 billion, including unencumbered assets,
net of haircuts, and cash and deposits at Central banks. LCR ratio
and NSFR ratio were reported at 238% and 119% respectively in 9M
2023, down compared to the levels at YE 2022.
Capitalization Combined Building Block (BB) Assessment: Weak
In 2023, Banco Montepio continued to strengthen its capital
buffers. In 9M 2023, the Bank's phased-in CET1 stood at 15.2%, up
from 13.7% at end-2022. The total capital ratio was reported at
17.9% up from 16.2% at end-2022, which compares with a total
regulatory requirement of 14.0%. The improvement was mainly due to
the reduction in RWAs, on the back of the Bank's strategy of
reducing non-strategic assets, real estate exposures and NPL
disposals, as well as net income for the period and
securitization.
Notes: All figures are in EUR unless otherwise noted.
NOVO BANCO: DBRS Hikes LongTerm Issuer Rating to BB(high)
---------------------------------------------------------
DBRS Ratings GmbH upgraded the credit ratings of Novo Banco, S.A.
(novobanco or the Bank), including the Long-Term Issuer Rating to
BB (high) from BB (low), and the Short-Term Issuer Rating to R-3
from R-4. The trend on all credit ratings is Stable. The Bank's
Intrinsic Assessment (IA) has also been upgraded to BB (high) while
the Support Assessment was maintained at SA3.
The Bank's Long-Term Deposit Rating was upgraded to BBB (low) from
BB, which is one notch above the IA, reflecting the legal framework
in place in Portugal which provides full depositor preference in
bank insolvency and resolution proceedings.
At the same time, novobanco's Long-Term Critical Obligations Rating
was upgraded to BBB from BB (high), which is two notches above the
IA, in line with the standard notching approach outlined in our
banking methodology. The Critical Obligations Ratings reflect DBRS
Morningstar's expectation that, in the event of a resolution of the
Bank, certain liabilities (such as payment and collection services,
obligations under a covered bond program, payment and collection
services, etc.) have a greater probability of avoiding being
bailed-in and are likely to be included in a going-concern entity.
KEY CREDIT RATING CONSIDERATIONS
The upgrade reflects novobanco's significant improvement in
earnings and capital that exceeded DBRS Morningstar's expectations,
supported by higher interest rates as well as the successful
completion of the turnaround process which has led to a material
reduction in the stock of legacy problem assets. Net attributable
income increased significantly in 9M 2023 mainly on the back of
higher interest revenues, while the Bank's capital position
strengthened further, supported by organic capital generation and
RWA reduction. The Bank's gross NPL ratio continued to fall to 4.2%
in Q3 2023. Despite closing the gap with its peers, novobanco's
asset quality metrics are still weaker than the EU average.
The Stable Trend reflects DBRS Morningstar's expectation that the
Bank will maintain sound capital buffers and an adequate liquidity
position as well as consolidating the improvements achieved in
terms of recurrent profitability and asset quality. In our view,
the Bank's performance should continue to benefit from higher
interest rates, although some margin pressure is expected.
CREDIT RATING DRIVERS
An upgrade would likely be driven by further improvements in asset
quality, and a sustained improvement in profitability, while
maintaining adequate capital buffers.
A downgrade could result from a material weakening of the Bank's
capital levels and/or a significant worsening in asset quality. A
sharp deterioration in the liquidity position could also lead to a
downgrade.
CREDIT RATING RATIONALE
Franchise Combined Building Block (BB) Assessment: Moderate
The Bank has a relatively stable franchise as the fourth largest
bank in Portugal, and a leading franchise in SME and Corporate
banking with a market share of around 14.5% for corporate loans at
end-September 2023.
At end-September 2023, novobanco had 4,209 employees vs. 4,139 at
end-September 2022 (+70 YOY) while the number of branches remained
constant at 292 YTD. At the same time, the Bank has continued to
invest in digitalization and branding and, as part of its strategic
refocus on the core business in Portugal. In February 2023,
novobanco received notification from the Directorate General for
Competition (DG Comp) about the completion of its restructuring
plan. This was an important milestone in the Bank's turnround
process.
Earnings Combined Building Block (BB) Assessment: Good/Moderate
In DBRS Morningstar's view, the Bank has significantly improved its
earnings capacity mainly as a result of the successful
restructuring process and higher interest rate environment.
In 9M 2023, novobanco reported a consolidated net profit of EUR
638.5 million, up from EUR 428.3 million a year earlier, mainly
driven by higher interest income on the back of higher rates and
taking into account the Bank's large exposure to floating rate
loans. This translated into an ROE of 20.0%, up from 16.8%, as per
DBRS Morningstar's calculation.
Net interest income significantly increased to EUR 831 million up
YOY from 406 million in 9M 2022, with the average yield on interest
earning assets increasing in 9M 2023, to 3.98% from 1.56%. The bulk
of the Bank's floating rate loan book has largely re-priced as of
9M 2023. For 2024, NIM should remain solid although we expect some
margin pressure from higher remuneration for deposits and a
potential gradual reduction in interest rates throughout 2024.
Loan provisions increased to EUR 65.7 million from EUR 39.5 million
in 9M 2023, largely reflecting management overlays. The Bank
reported a cost/income ratio of 32%, significantly down from 51% a
year earlier, driven by higher core revenues which more than offset
cost pressures from ongoing digitalization efforts and higher
inflation.
Risk Combined Building Block (BB) Assessment: Moderate
Since 2017, novobanco has made significant progress in de-risking
its balance sheet, with the provision of capital support through
the Contingent Capital Agreement (CCA) from the Portuguese
Resolution Fund playing a key role in this process. Novobanco's
gross NPL stock fell by 12.5% to EUR 1,205 million at end-September
2023, from EUR 1,376 million at FY 2022. This was mainly supported
by cures and recoveries and write-offs. The Bank's gross NPL ratio
fell to 4.2% at Q3 2023 from 4.3% at FY 2022, which is still higher
than the European average. The NPL coverage ratio was sound,
leading to a net NPL ratio of 0.7% at end-September 2023.
Credit quality risks from rising interest rates have been limited
for the time being, but risks remain on the rise taking into
account the ongoing economic slowdown and the pressure on
borrowers' debt affordability due to the rapid increase in interest
rates. The Bank's asset base also shows a large exposure to debt
securities, of which the majority is held at amortized cost. The
increase in interest rates has led to the formation of unrealized
losses, however, the potential capital impact however appears
contained.
Funding and Liquidity Combined Building Block (BB) Assessment:
Good/Moderate
The Bank's current funding structure depends largely on deposits.
Total deposits amounted to EUR 28.1 billion, representing 66% of
total assets at end-September 2023. Deposit volumes remained
largely resilient, with total deposits slightly declining by 1%
compared to end-2022. Around 73% of the Bank's deposit base is made
of retail deposits. The increase in rates led to a shift from
demand deposits to time deposits, and a higher cost of funding,
with the average deposit rate increasing to 66 bps at end-September
2023 from 15 bps a year earlier. The Bank also has exposure to the
ECB, with EUR 1.1 billion in total funds at end-September 2023,
which has reduced significantly YOY, following the phase out of
TLTRO.
The Bank has a liquidity buffer of around EUR 13.3 billion,
corresponding to around 47% of its deposit base. The Bank's
regulatory liquidity ratios remain adequate, with the liquidity
coverage ratio (LCR) reported at 136% at end-September 2023, down
from 210% in FY 2022 largely due to TLTRO repayments, whilst the
net stable funding ratio (NSFR) increased slightly to 118% from
116% at end-June 2023, and is lower compared to peers.
Capitalization Combined Building Block (BB) Assessment: Weak/Very
Weak
At end-September 2023, the Bank reported a fully-loaded CET1 and
total capital ratios of 16.5% and 19.3%, respectively. This
represents a significant improvement compared to the levels
reported at end-2022 (13.1% and 15.5%). Capital ratios have
benefitted from improving organic capital generation, alongside a
reduction in RWAs in 2023, and provided adequate buffers over
minimum capital requirements under SREP applicable for 2024. While
we recognize the Bank's significant improvement since end-2022, our
view on capital still takes into account the heavy losses reported
until YE-2020, and a relatively limited track record of organic
capital generation.
Novobanco's capital ratios do not include the potential capital
payment under the CCA scheme. The capital paid to novobanco in 2021
was lower than the amount initially requested. This led to an
arbitration process with the Resolution Fund, and the outcome of
this still remains unclear.
Notes: All figures are in EUR unless otherwise noted.
===========
T U R K E Y
===========
ORDU YARDIMLASMA: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed Ordu Yardimlasma Kurumu's (OYAK)
Long-Term Issuer Default Rating (IDR) at 'B' with a Stable
Outlook.
The rating affirmation considers OYAK's well-defined financial and
investment policy, strong control over asset dividends and solid
loan-to-value (LTV) ratios, all of which are a key rating strength.
These are offset by weak portfolio characteristics due to its
lower-rated asset portfolio due to their exposure to a single
volatile market (Turkiye). OYAK also has high dividend dependency
on a single asset (Erdemir), which along with its geographical
concentration, leads to higher fluctuations in dividends and is a
rating constraint.
The rating is constrained by Turkiye's 'B' Country Ceiling, given
OYAK's high exposure to the Turkish economy. The Stable Outlook
reflects the likely correlation of future rating actions with
changes to the sovereign rating, assuming that the Country Ceiling
moves in line with the sovereign IDR.
KEY RATING DRIVERS
Rating Capped by Country Ceiling: OYAK's rating is constrained by
the Turkyie Country Ceiling of 'B' due to its high exposure to the
Turkish economy. This is evidenced by the majority of OYAK's
consolidated assets and 80% of its consolidated revenue in 2022
being dependent on Turkey. Consequently, rating actions on OYAK are
highly correlated with sovereign actions.
Dividend Dependence on Erdemir: Erdemir did not pay OYAK a dividend
in 2023, which decreased the overall dividend income of OYAK in
2023 to TRY3.4 billion from TRY10.2 billion in 2022. This was due
to the large earthquake in Turkiye temporarily shutting down
Erdemir's production at one facility and its large capex expansion
programme. It decided to suspend the dividend payment to conserve
cash flow and protect leverage metrics. Erdemir's dividend policy
is linked to its net income, historically resulting in high pay
outs, which Fitch expects to return in 2024.
Over 2020-2022, Erdemir contributed 63% on average of OYAK's total
dividend from equity holdings. OYAK plans to expand further into
the real estate and food sectors, which will diversify returns.
However, Fitch continues to expect Erdemir's dividend to be the
largest contributor to overall revenue received in the medium
term.
Resilient Turkish Economy Supportive: Despite high inflation and
rising interest rates, demand for OYAK's companies' products has
proved reasonably resilient considering the lost volumes at some
companies resulting from the earthquake. Fitch expects the Turkish
economy to grow by 2.5% in 2024 and 3.2% in 2025 as a result of
reduced credit availability and post-election fiscal policy
tightening in a return to a more orthodox approach to monetary
policy. This should be offset by reconstruction efforts.
In addition, prospects for exporters should improve as external
demand increases. High currency depreciation supports companies
that export or supply exporting companies that bill their products
in hard currencies and compete in markets with relatively low trade
barriers.
Change in Investment Mix: OYAK and Taiwan Cement Corporation have
reached a preliminary agreement for the sale of OYAK's remaining
60% share in Cimpor Portugal Holdings and OYAK's 20% of OYAK
Denizli Cement. This will reduce OYAK's shareholding to 40% from
60% in OYAK Denizli Cement and it will no longer have effective
control of this company. The sales are expected to raise EUR740
million with proceeds currently unallocated. Both transactions are
expected to be finalised in 1H24.
OYAK is one of Turkiye's biggest real estate investors. It
currently has multiple real estate projects at different stages and
expects significant cash inflows from ongoing projects from 2024.
Solid LTV: OYAK's Fitch-calculated stressed LTV is around 27%, and
Fitch expects it to remain around this level in the short to medium
term. This is in line with higher-rated peers and between the 'A'
and 'BBB' rating category expectations under its Investment Holding
Companies methodology. When calculating OYAK's LTV, Fitch considers
debt at SPVs, such as ATAER, BIREN and other joint ventures,
despite the absence of parent-company guarantees and
cross-defaults. Fitch believes Turkish asset values could
fluctuate, but OYAK has ample rating headroom to withstand shocks
in the domestic economy and maintain a solid LTV.
Conservative Financial Policy: OYAK's record of abiding by its
well-defined internal financial policy compares well with that of
investment-grade peers. Historically, OYAK preferred to invest in
manufacturing, infrastructure, energy and heavy industries over
ones that directly serve end-customers which was successful.
However, it has recently expanded further into the food sector and
real estate to diversify returns and reduce dependence on Erdemir.
Member Payments Considered Quasi-Dividends: Fitch views payments to
pension members as quasi-dividends that are ultimately subordinated
to OYAK's senior unsecured debt obligations. This is driven by its
belief that the fund has deferral mechanisms in place for liquidity
crises and that any cash withdrawal requests should first be passed
by OYAK's general assembly. Fitch therefore does not consider these
payments part of OYAK's funds from operations or include them in
debt-coverage calculations.
DERIVATION SUMMARY
OYAK's asset portfolio consists of investments in various sectors
including steel, auto, cement, energy and more recently food and
agricultural. It does not have close publicly rated peers, but has
some similarities with other holding companies including CDP RETI
SpA (BBB/Stable) and Criteria Caixa, S.A., Unipersonal
(BBB+/Stable).
OYAK has a well-defined financial and investment policy, strong
control over asset dividends and strong LTV ratios that are better
than peers, which is a key rating strength. These are offset by
weaker portfolio characteristics than CDP RETI's and Criteria
Caixa's due to its lower-rated asset portfolio and exposure to a
single volatile market (Turkiye). Furthermore, OYAK also has a high
dividend dependency on a single asset (Erdemir), which along with
its geographical concentration, leads to higher fluctuation in
dividends and is a rating constraint.
KEY ASSUMPTIONS
Large decline in dividends in 2023 due to no dividend being paid by
Erdemir. Fitch forecasts dividends to return to 2022 levels in 2024
and gradually increase thereafter
Higher operating expenditure than historically, increasing in line
with expected inflation
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade
An upgrade of Turkiye's Country Ceiling, assuming there was no
deterioration in the company's credit profile.
Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade
Fitch-adjusted investment holding company cash cover below 3.0x.
Weakening in the credit quality of its portfolio leading to a
Fitch-adjusted LTV ratio sustained above 50%.
Decreased diversification of cash flow leading to increasing
dependency on a single asset.
LIQUIDITY AND DEBT STRUCTURE
Stable Liquidity: As of 30 June 2023, OYAK reported TRY13.5 billion
of cash and cash equivalents. This comprised cash and time deposits
of TRY3.5 billion and financial assets (time deposits having
maturity of 90 days or over) of TRY10 billion, which covers TRY13.3
billion of debt on its standalone balance sheet. In addition, OYAK
has an available uncommitted unused bank line totaling TRY17.1
billion as of 30 June 2023. It is considered one of the "blue chip"
Turkish names to which banking lines would be available during
downturns.
ISSUER PROFILE
OYAK is a second-tier pension fund for military personnel in
Turkey. It holds investments in more than 153 companies across 25
countries in various sectors including mining metallurgy, cement
concrete paper, automotive logistics, energy, food, agriculture,
animal husbandry, chemicals and finance.
ESG CONSIDERATIONS
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' 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. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Prior
----------- ------ -----
Ordu Yardimlasma
Kurumu (Oyak) LT IDR B Affirmed B
===========================
U N I T E D K I N G D O M
===========================
CAUSEWAY AERO: Enters Liquidation, Owes Around GBP1.5 Million
-------------------------------------------------------------
Ryan McAleer at The Irish News reports that liquidators have been
appointed to a Lisburn-based aerospace company.
Causeway Aero Limited, previously known as Belfast Aircraft Stress
Engineers (BASE), is to be wound up owing around GBP1.5 million to
HMRC and creditors, The Irish News relays, citing documents
published by Companies House.
The company, which specialised in the manufacture of aircraft
interior components as well as engineering design and stress
analysis, is a subsidiary of the Causeway Aero Group, which also
has sites in Sligo and Bristol.
Liquidators from Belfast-based Interpath Advisory were called in on
December 19, 2023, as part of a voluntary winding up move, The
Irish News recounts.
It followed a resolution passed by the company's board on the same
date, which said that owing to its liabilities, the firm could not
continue its business, The Irish News notes.
The last set of accounts filed by Causeway Aero Limited show it had
28 staff in 2022.
Documents published on Companies House show it ceased trading in
December 2023 owing just over GBP400,000 to HMRC and GBP1.1 million
to unsecured creditors, The Irish News discloses.
That includes GBP835,000 owed to its parent group as "intercompany
creditor" and GBP236,722 owed to dozens of businesses, The Irish
News says.
According to The Irish News, the report from Interpath Advisory
estimates just GBP78,947 will be realised from the firm's assets
for preferential creditors, which normally includes employee claims
and HMRC.
DURHAM MORTGAGES: DBRS Confirms B Rating on Class F Notes
---------------------------------------------------------
DBRS Ratings Limited confirmed its credit ratings on the following
notes (together, the Rated Notes) issued by Durham Mortgages B plc
(the Issuer):
-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)
-- Class C Notes at A (sf)
-- Class D Notes at BBB (sf)
-- Class E Notes at BB (sf)
-- Class F Notes at B (sf)
-- Class X Notes at BB (sf)
The credit rating on the Class A Notes addresses the timely payment
of interest and the ultimate repayment of principal by the legal
final maturity date. The credit rating on the Class B Notes
addresses the ultimate payment of interest and principal on or
before the legal final maturity date while junior and the timely
payment of interest while the most senior class outstanding. The
credit ratings on the Class C, Class D, Class E, Class F, and Class
X Notes address the ultimate payment of interest and the ultimate
repayment of principal by the legal final maturity date.
The confirmations follow an annual review of the transaction and
are based on the following analytical considerations:
-- Portfolio performance, in terms of delinquencies, defaults, and
losses, as of the November 2023 payment date;
-- Portfolio default rate (PD), loss given default (LGD), and
expected loss assumptions on the remaining receivables; and
-- Current available credit enhancement to the notes to cover the
expected losses at their respective credit rating levels.
The transaction is a securitization of buy-to-let residential
mortgages originated by Bradford & Bingley plc, Mortgage Express,
GMAC, Kensington Mortgages Limited, and Close Brothers Group plc;
sold by Cornwall Home Loans Limited; and serviced by Topaz Finance
Limited.
PORTFOLIO PERFORMANCE
As of 31 October 2023, loans two to three months in arrears
represented 1.9% of the outstanding portfolio balance, up from 0.7%
one year prior. Loans more than three months in arrears represented
7.6%, up from 2.2% one year prior. The cumulative default ratio was
0.6%.
PORTFOLIO ASSUMPTIONS AND KEY DRIVERS
DBRS Morningstar conducted a loan-by-loan analysis of the remaining
pool of receivables and updated its base case PD and LGD
assumptions at the B (sf) credit rating level to 10.9% and 18.2%,
respectively.
CREDIT ENHANCEMENT
Credit enhancement to the Rated Notes is provided by the
subordination of the junior notes and a general reserve fund. As of
the November 2023 payment date, credit enhancement to the Rated
Notes had increased from the time of DBRS Morningstar's initial
credit rating as follows:
-- Class A Notes: 23.5%, up from 15.8%;
-- Class B Notes: 17.7%, up from 11.8%;
-- Class C Notes: 12.8%, up from 8.4%;
-- Class D Notes: 8.5%, up from 5.4%;
-- Class E Notes: 5.3%, up from 3.2%; and
-- Class F Notes: 3.3%, up from 1.9%.
The transaction benefits from a liquidity reserve fund, which
covers senior fees and interest on the Class A Notes. The liquidity
reserve fund is funded to its target level of GBP 7.5 million,
equal to 0.5% of the Class A Notes' initial balance.
The general reserve fund is Non-amortizing and covers senior fees,
interest on the Class A to Class F Notes (where the Class B to
Class F Notes are subject to a principal deficiency ledger (PDL)
condition of 10%), and principal losses via the PDLs on the Class A
to Class F Notes. The general reserve fund is funded to its target
balance of GBP 21.9 million, equal to 1.25% of the initial
portfolio balance.
Citibank N.A./London Branch (Citibank London) acts as the account
bank for the transaction. Based on DBRS Morningstar's private
credit rating on Citibank London, the downgrade provisions outlined
in the transaction documents, and other mitigating factors inherent
in the transaction structure, DBRS Morningstar considers the risk
arising from the exposure to the account bank to be consistent with
the credit rating assigned to the Class A Notes, as described in
DBRS Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
DBRS Morningstar's credit ratings on the notes address the credit
risk associated with the identified financial obligations in
accordance with the relevant transaction documents.
DBRS Morningstar's credit ratings on the notes also address the
credit risk associated with the increased rate of interest
applicable to the notes if the notes are not redeemed on the
Optional Redemption Date (as defined in and) in accordance with the
applicable transaction documents.
DBRS Morningstar's credit ratings do not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in British pound sterling unless otherwise
noted.
FOODIQ UK: Supreme Bought Assets Out of Administration
------------------------------------------------------
Business Sale reports that fast-moving consumer products (FMCP)
manufacturer, supplier and brand owner Supreme Plc has expanded
with the acquisition of the trade and assets of protein
manufacturing firm FoodIQ UK Holdings Ltd out of administration.
The deal significantly bolsters Manchester-based Supreme's Sports
Nutrition and Wellness division and gives the firm access to
FoodIQ's GBP1.2 million accredited, automated contract
manufacturing facility, Business Sale states. The facility, which
is located near London, was opened just 18 months ago. Supreme
says it plans to keep the facility operational from the existing
site and forecasts that it will increase the manufacturing capacity
of its wellness operation by around 40%, Business Sale notes.
FoodIQ was only formed in 2020, but fell into administration
shortly before Christmas 2023, appointing administrators from
Kroll, Business Sale recounts. In its accounts for the year ending
December 31 2022, the company's total assets were valued at more
than GBP1.5 million, however the company's debts left it with total
liabilities of close to GBP2 million and Supreme has acquired its
trade and assets for just GBP175,000, Business Sale discloses.
Prior to entering administration, FoodIQ, which had UK operations
but was headquartered in Helsinki, had raised EUR13 million (just
over GBP11 million) in a 2022 funding round led by Swedish food
technology firm Nicoya, Business Sale relates. The company had
planned to use this funding to scale up its plant-based food
operations.
GEMGARTO 2023-1: DBRS Finalizes BB(low) Rating on Class F Notes
---------------------------------------------------------------
DBRS Ratings Limited finalized its provisional credit ratings on
the residential mortgage-backed notes issued by Gemgarto 2023-1 PLC
(the Issuer) as follows:
-- Class A at AAA (sf)
-- Class B at AA (low) (sf)
-- Class C at A (high) (sf)
-- Class D at BBB (high) (sf)
-- Class E at BB (high) (sf)
-- Class F at BB (low) (sf)
The credit rating on the Class A notes addresses the timely payment
of interest and the ultimate repayment of principal on or before
the final maturity date in December 2073. The credit ratings on the
Class B, Class C, Class D, Class E, and Class F notes address the
timely payment of interest once they are the senior-most class of
notes outstanding and the ultimate repayment of principal by the
legal final maturity date.
DBRS Morningstar does not rate the Class G or the Class Z notes
also issued in this transaction.
CREDIT RATING RATIONALE
The Issuer is a bankruptcy-remote special-purpose vehicle
incorporated in the UK. The Issuer used the proceeds from the
issuance of the collateralized notes to fund the purchase of prime
and performing owner-occupied (OO) mortgage loans originated by
Kensington Mortgage Company Limited (KMC) and secured over
properties located in the UK. The mortgage portfolio consists of
GBP 548 million of first-lien mortgage loans collateralized by OO
residential properties in England, Scotland, and Wales. The
mortgages were mostly granted between 2021 and 2023, with a few
cases dating back to 2019.
The Issuer issued seven tranches of collateralized mortgage-backed
securities (the Class A to Class G notes) to finance the purchase
of the portfolio. The transaction is structured to initially
provide 14.0% of credit enhancement to the Class A notes. This
includes subordination of the Class B to Class G notes.
The transaction also features a general reserve fund (GRF) and a
liquidity reserve fund (LRF). The GRF provides liquidity and credit
support to the Class A to Class F notes. The GRF was funded from
the issuance of the Class Z notes on the closing date, and its
balance is 1.0% of the initial balance of the Class A to Class G
notes as at the cut-off date until the Class F notes have been
redeemed. The GRF is available to cover shortfalls in senior fees,
Senior Deferred Consideration payments, interest, and any principal
deficiency ledger (PDL) debits on the Class A to Class F notes
after the application of revenue. After full amortization of the
Class A to Class F notes, the GRF will form part of the available
revenue funds.
Additionally, if the GRF balance falls below 0.5% of the Class A to
Class G notes' balance, principal available funds will be used to
fund the LRF, which will be available to cover shortfalls in senior
fees, Senior Deferred Consideration payments, and interest payments
on the Class A and Class B notes after the application of revenue
and the GRF (subject to a 10% PDL condition for Class B unless
senior-most). Any drawing on the LRF will be recorded as debit to
the PDL. On each interest payment date, any excess above the LRF
target amount will form part of the available principal funds.
Principal can be used to cure any shortfalls in senior fees, Senior
Deferred Consideration payments, and unpaid interest payments on
the rated notes, after using revenue funds and both reserves, which
will be recorded as a debit in the PDL. The PDL comprises seven
subledgers that will track the principal used to pay interest, LRF
drawdowns, as well as realized losses, in a reverse-sequential
order that begins with the Class G subledger. The availability of
principal for paying interest on notes that are not the most-senior
class of notes outstanding is subject to the relevant PDL of each
class of notes being debited by less than 10% (Class B) or 0%
(Class C to Class F), respectively.
The notes' terms and conditions allow interest payments, other than
on the most-senior class of notes, to be deferred if the available
funds are insufficient, and deferred interest becomes due when the
class becomes senior-most. Deferred interest accrues further
interest on the deferred amounts, at the same rate of interest that
each note pays.
On the interest payment date in March 2027, the coupon due on the
notes and Senior Deferred Consideration will step up and the notes
may be optionally called. The notes must be redeemed for an amount
sufficient to fully repay them, at par, plus pay any accrued
interest.
As of October 31, 2023, the portfolio consisted of 2,926 loans with
an aggregate principal balance of GBP 547.7 million. The majority
of the loans in the pool were originated during 2023 (4.6%), 2022
(81.2%), and 2021 (14.1%). Because of this, the weighted-average
(WA) seasoning of the pool is relatively low at 17 months. The WA
original loan-to-value ratio (LTV) is 85.7% and the WA indexed
current LTV (CLTV) of the portfolio as calculated by DBRS
Morningstar is 83.4%, with 89.5% of the loans having an indexed
CLTV higher than 80%. This relatively high LTV compared with peer
transactions in the UK reflects KMC's business model targeting
borrowers it sees as underserved by high street banks, including
contractors, applicants who have failed credit scores with other
lenders, those with complex income, first-time buyers, and the
self-employed.
The portfolio contains 8.4% shared ownership loans, which are
granted to borrowers for the purchase of only a portion of the
property they reside in with the other share remaining with the
original owner. Approximately 25.6% of the portfolio is granted to
self-employed borrowers. Furthermore, loans with prior County Court
Judgements (CCJs) comprise 17.7% of the mortgage pool. All of these
loans have at least three years of clean credit history in terms of
CCJs, defaults, Individual Voluntary Arrangements, and
bankruptcies. As of the cut-off date, loans in arrears between one
and three months represent 0.8% of the outstanding principal
balance of the portfolio; no loans were more than three months in
arrears.
All loans in the portfolio are fixed-rate loans for an initial
period of time (2.8 years on a WA basis) before they revert to
KMC's standard variable rate (KSR) plus a predetermined margin (WA
4.5%). The current WA coupon of the portfolio is 5.3%. The interest
on the notes is calculated based on the daily-compounded Sterling
Overnight Index Average (Sonia), which gives rise to interest rate
risk.
The Issuer has entered into a fixed-floating swap with Barclays
Bank PLC (Barclays) to mitigate the interest rate risk from the
fixed-rate mortgage loans and Sonia payable on the notes. Based on
DBRS Morningstar's ratings on Barclays (which has a Long-Term
Issuer Rating of "A" and a Long Term Critical Obligations Rating of
AA (low)), the downgrade provisions outlined in the documents, and
the transaction structural mitigants, DBRS Morningstar considers
the risk arising from the exposure to Barclays to be consistent
with the credit ratings assigned to the notes as described in DBRS
Morningstar's "Derivative Criteria for European Structured Finance
Transactions" methodology.
Monthly mortgage receipts are deposited into the collections
account at Barclays and held in accordance with the collection
account declaration of trust. The funds credited to the collection
account are swept on the next business day to the Issuer's account.
The collection account declaration of trust provides that interest
in the collection account is in favor of the Issuer over the
seller. Commingling risk is considered mitigated by the collection
account declaration of trust and the regular sweep of funds. If the
collection account provider is downgraded below BBB (low), the
collection account bank will be replaced or guaranteed by an
appropriately rated bank within 60 calendar days.
Barclays holds the Issuer's transaction account from the closing
date. Based on DBRS Morningstar's ratings on Barclays, replacement
provisions, and investment criteria, DBRS Morningstar considers the
risk arising from the exposure to Barclays to be consistent with
the credit ratings assigned to the rated notes as described in DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
KMC originated and services the mortgages. CSC Capital Markets UK
Limited is the backup servicer facilitator in the transaction.
DBRS Morningstar based its credit ratings on a review of the
following analytical considerations:
-- The transaction's capital structure and the form and
sufficiency of available credit enhancement.
-- The credit quality of the mortgage portfolio and the ability of
the servicer to perform collection and resolution activities. DBRS
Morningstar calculated the probability of default (PD), loss given
default (LGD), and expected loss (EL) outputs on the mortgage
portfolio. DBRS Morningstar uses the PD, LGD, and ELs as inputs
into the cash flow tool. DBRS Morningstar analyzed the mortgage
portfolio in accordance with its "European RMBS Insight: UK
Addendum" methodology.
-- The ability of the transaction to withstand stressed cash flow
assumptions and repay the Class A, Class B, Class C, Class D, Class
E, and Class F notes according to the terms of the transaction
documents.
-- The structural mitigants in place to avoid potential payment
disruptions caused by operational risk, such as a downgrade, and
replacement language in the transaction documents.
-- DBRS Morningstar's sovereign rating on the United Kingdom of
Great Britain and Northern Ireland at AA with a Stable trend as of
the date of this press release.
-- The consistency of the legal structure with DBRS Morningstar's
"Legal Criteria for European Structured Finance Transactions"
methodology and the presence of legal opinions that address the
assignment of the assets to the Issuer.
DBRS Morningstar's credit rating on the rated notes addresses the
credit risk associated with the identified financial obligations in
accordance with the relevant transaction documents. The associated
financial obligations for each of the rated notes are the related
Interest Amounts and the related Class Balances.
DBRS Morningstar's credit rating on the rated notes also addresses
the credit risk associated with the increased rate of interest
applicable to each of the rated notes if the rated notes are not
redeemed on the Optional Redemption Date (as defined in and) in
accordance with the applicable transaction documents.
DBRS Morningstar's credit rating does not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in British pound sterling unless otherwise
noted.
MAGENTA 2020: DBRS Confirms BB(low) Rating on Class E Notes
-----------------------------------------------------------
DBRS Ratings Limited confirmed its credit ratings on the commercial
mortgage-backed floating-rate notes (the notes) issued by Magenta
2020 PLC (the Issuer) as follows:
-- Class A at AAA (sf)
-- Class B at A (low) (sf)
-- Class C at BBB (low) (sf)
-- Class D at BB (high) (sf)
-- Class E at BB (low) (sf)
The trends of all credit ratings are now Negative.
CREDIT RATING RATIONALE
The trend change reflects the uncertainty due to certain deadlines
the obligors will have to meet related to the programme of
improvement works on the Hilton properties and Permitted
Reorganization Condition Subsequent before the loan maturity date
in December 2024.
Magenta 2020 PLC is the securitization of a GBP 274.0 million
senior loan advanced to DTP Subholdco Limited (the borrower) to
finance the acquisition of a portfolio of hotels from Marathon
Asset Management Limited in March 2020. The borrower also acquired
a 25% stake in the operating platform Valor Hospitality Europe
Limited (Valor Europe), although it did not use the loan to acquire
this stake. The lender and lead arranger, Goldman Sachs Bank
U.S.A., also provided a mezzanine loan of GBP 66.0 million to DTP
Regional Hospitality Group Limited, part of the borrower group. The
mezzanine loan is structurally and contractually subordinated to
the senior loan and is not part of the transaction. The senior loan
is secured by 17 hotels located in the UK, concentrated mainly in
the north west of England, and the East Midlands. The hotels are
managed by Valor Europe and operate under various franchise
agreements with InterContinental Hotels Group (IHG), Hilton, and
Marriott. Three hotels operate under the Hilton Double Tree brand;
seven under the Crowne Plaza brand; three under Hilton Garden Inn;
two under AC by Marriott; and one each under the Holiday Inn and
Indigo brands.
Following the pandemic-led disruption to business, the servicer,
CBRE Loan Services Limited (CBRE), entered into an amendment and
waiver letter with the borrower and finance counterparties in June
2020 to allow the borrower to manage its medium-term liquidity
without breaching its obligations, subject to certain conditions
imposed to protect the Issuer's position. Specifically, the sponsor
(DTGO Corporation Limited) injected GBP 17.5 million of equity into
the cure account for the borrower to cover operating and financial
shortfalls. Further equity injections occurred in December 2020
(GBP 0.7 million), March 2021 (GBP 5.8 million), and May 2021 (GBP
1.5 million).
On December 20, 2021 (the original initial maturity date), the
noteholders approved a restructuring of the loan via a written
extraordinary resolution, and the maturity was extended to December
2024 (final loan maturity) with new hedging in place until the
final loan maturity, offering protection from further interest rate
hikes.
As part of the agreement, the senior loan was deleveraged by GBP 12
million in March 2022 by way of prepayment via an equity injection.
Proceeds were applied on a pro rata basis. Finally, the deadline
for a programme of improvement works on the Hilton properties was
also extended to December 2023 as indicated in the September 2022
servicer report.
As part of the restructure in December 2021, the obligation to
comply with clause 4.3 (g)(iii)(A) of the Senior Facility
Agreement, which relates to reducing the KPMG Steps Paper
Indebtedness and KPMG Steps Paper Loans (together the KPMG Steps
Paper Debts) by Permitted Reorganization, was waived until the
December 2022 Interest Payment Date (IPD). The obligors were unable
to meet this deadline and requested an extension to comply with
clause 4.3 (g)(iii)(A) and an opportunity to update the original
KPMG Steps Paper, which was obsolete.
The obligors delivered an updated paper dated March 2023, which
explained that the obligors would be able to complete a
reorganization with a view to simplify and rationalize the group
structure similar to that envisaged under the original KPMG Steps
Paper. However, due to significant reserve deficits existing at the
top of the obligor group, the obligors wouldn't be able to reduce
or eliminate the KPMG Steps Paper Debts as part of the
reorganization.
Under the consent and waiver letter signed in June 2023, the
obligors were required to implement the steps outlined in the
updated paper in accordance with the original timetable with all
steps to be completed by the end of November 2023. The obligors
requested an extension to approve the statutory accounts to the end
of August 2023, which had a knock-on effect to the remaining steps
under the original timetable.
The extension was granted, and therefore the Senior and Mezzanine
Facility Agents waived certain events of default arising from the
obligors' failure to eliminate the KPMG Steps Paper Debts until the
Loan Termination Date in December 2024, provided that the obligors
meet certain requirements and deadlines, including but not limited
to completing the steps outlined in the updated paper by the end of
January 2024. According to the September 2023 servicer report,
Phases 1 through 3 were implemented.
If the obligors are unable to meet deadlines related to the
programme of improvement works on the Hilton properties or the
Permitted Reorganization Condition Subsequent laid out above, this
could potentially lead to an event of default. DBRS Morningstar
changed its trend on all classes of notes from Stable to Negative
in light of these considerations.
Apart from the above considerations, the loan showed stable
performance over the last 12 months. The loan-to-value ratio (LTV)
declined to 60.6% as of September 2023 from 62.5% as of September
2022, and the loan amortized to GBP 243.7 million from GBP 249.2
million over the same period. Net Operating Income (NOI) as of
September 2023 is in line with NOI as of September 2022 at
approximately GBP 24.8 million. Debt yield (DY) declined to 10.2%
from 10.9%. However, the decline in DY was driven primarily by the
decline of the balance of Senior Cash Trap Account, which gets
deducted from the loan balance in DY calculation.
In October 2022, an amendment and reinstatement agreement to the
senior loan facility was signed for the remedial works on cladding
to be completed by 31 July 2023. According to the servicer report
dated September 2023, as at 20 July 2023, the fire safety monitor
reported that the final cladding project reached completion and is
compliant.
DBRS Morningstar's assumptions remain unchanged since it downgraded
its credit ratings on the notes in November 2020: the cap rate and
net cash flow (NCF) remain unchanged at 7.75% and GBP 21 million,
respectively. As a result, DBRS Morningstar's NCF haircut on the
Issuer NCF stands at 15.4%, and DBRS Morningstar value haircut
stands at 31.9% on appraised value.
The transaction benefits from a liquidity reserve facility of GBP
7.90 million available to the Class A, Class B, and Class C notes,
which was funded out of the proceeds of the Class A notes and a
proportionate amount of the Issuer loan. Based on a cap strike rate
of 2.25%, DBRS Morningstar estimated that the liquidity reserve
would cover 14 months of interest payments on the notes. Based on a
cap on the Sterling Overnight Index Average (Sonia) of 5%, the
liquidity reserve would cover eight months of interest.
The final maturity of the loan is in December 2024. The transaction
benefits from a five-year tail period with the notes' final
maturity in December 2029.
DBRS Morningstar's credit ratings on the notes issued by Magenta
2020 PLC addresses the credit risk associated with the identified
financial obligations in accordance with the relevant transaction
documents. The associated financial obligations are Interest
Payments and the Principal Amounts.
DBRS Morningstar's credit rating does not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction document(s) that are not financial
obligations. For example, Sonia Excess Amounts, Default Interest
Amounts, Deferred Interest, and Note Prepayment Fees.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued. The DBRS Morningstar short-term debt
rating scale provides an opinion on the risk that an issuer will
not meet its short-term financial obligations in a timely manner.
Notes: All figures are in British pound sterling unless otherwise
noted.
MCGUIGAN'S GYM: Placed Into Creditors' Voluntary Liquidation
------------------------------------------------------------
Victoria Johnston at The Impartial reports that two businesses
linked to "Clones Cyclone" Barry McGuigan have been placed into
liquidation.
The announcement came on Jan. 2 following a meeting held in London
of the creditors of the family gym and boxing company, The
Impartial notes.
"I can confirm that McGuigan's Gym Ltd and Cyclone Promotions Ltd
were placed into Creditors' Voluntary Liquidation January 2 and
Hugh Francis Jesseman of Antony Batty & Company LLP was appointed
as Liquidator," they said.
A notice was published in the Belfast Telegraph for McGuigans Gym
Limited and Cyclone Promotions Limited.
Neither company has filed accounts with Companies House in several
years with the last accounts filled covering the period of 2018 to
2019, The Impartial discloses.
PATAGONIA BIDCO: GBP100MM Bank Debt Trades at 16% Discount
----------------------------------------------------------
Participations in a syndicated loan under which Patagonia Bidco Ltd
is a borrower were trading in the secondary market around 84.3
cents-on-the-dollar during the week ended Friday, January 5, 2024,
according to Bloomberg's Evaluated Pricing service data.
The GBP100 million facility is a Delay-Draw Term loan that is
scheduled to mature on October 30, 2028.
Patagonia Bidco Limited (Huws Gray) is an independent General
Builders Merchant (GBM) distributor in the U.K. that provides a
broad range of building materials to both trade and retail
customers. The Company's country of domicile is the United
Kingdom.
PERFORMER FUNDING 1: DBRS Gives Prov. B Rating on Class F Notes
---------------------------------------------------------------
DBRS Ratings Limited assigned provisional credit ratings to the
following notes (the Rated Notes) to be issued by Performer Funding
1 PLC (the Issuer):
-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)
-- Class C Notes at A (sf)
-- Class D Notes at BBB (sf)
-- Class E Notes at BB (high) (sf)
-- Class F Notes at B (sf)
-- Class X Notes at BB (low) (sf)
DBRS Morningstar did not assign a provisional credit rating to the
Class R or Class Z Notes (together with the Rated Notes, the Notes)
also expected to be issued in the transaction.
The credit ratings on the Class A and Class B Notes address the
timely payment of scheduled interest and ultimate repayment of
principal by the legal final maturity date. The credit ratings on
the Class C, Class D, Class E and Class F Notes address the
ultimate payment of scheduled interest while the class is
subordinate and the timely payment of scheduled interest as the
most senior class as well as the ultimate repayment of principal by
the legal final maturity date. The credit rating on the Class X
Notes addresses the ultimate payment of interest and ultimate
repayment of principal by the legal final maturity date.
The provisional credit ratings are based on information provided to
DBRS Morningstar by the Issuer and its agents as of the date of
this press release. The credit ratings can be finalized upon a
review of final information, data, legal opinions, and the
governing transaction documents. To the extent that the information
or the documents provided to DBRS Morningstar as of this date
differ from the final information, DBRS Morningstar may assign
different final credit ratings to the Rated Notes.
The securitization transaction constitutes the issuance of Notes
backed by a portfolio of fixed-rate receivables related to
unsecured consumer loans granted by Lloyds Bank plc (Lloyds) to
private individuals residing in England and Wales. Lloyds also
services the collateral portfolio and Intertrust Management Limited
acts as the backup servicer facilitator.
DBRS Morningstar's credit ratings are based on the following
analytical considerations:
-- The transaction's capital structure, including the form and
sufficiency of available credit enhancement to withstand stressed
cash flow assumptions and repay the Issuer's financial obligations
according to the terms under which the Rated Notes are issued.
-- The credit quality and the characteristics of the collateral,
its historical performance, and DBRS Morningstar's projection under
various stress scenarios.
-- Lloyds's capabilities with respect to originations,
underwriting, servicing, and its financial strength.
-- The operational risk review of Lloyds, which DBRS Morningstar
deems to be an acceptable servicer.
-- The transaction parties' financial strength with regard to
their respective roles.
-- The sovereign credit rating on the United Kingdom of Great
Britain and Northern Ireland (UK), currently rated AA with a Stable
trend by DBRS Morningstar.
-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
TRANSACTION STRUCTURE
The repayment of the Notes will be on a fully sequential basis,
except for the Class X Notes which would be repaid in the interest
waterfalls until a post-enforcement event occurs. The transaction
allocates payments in separate interest and principal priorities
and benefits from both a liquidity reserve and general reserve. The
liquidity reserve has a target balance equal to 2% of the
outstanding amount of the Class A and Class B Notes, and the
balance can be used to cover shortfalls in senior expenses, senior
swap payments and interest on the Class A and Class B Notes when
interest collections are not sufficient. Principal funds can also
be reallocated to cover the above shortfalls if the interest
collections and the liquidity reserve are insufficient. The general
reserve, on the other hand, has a target balance of zero while the
Class B Notes remain outstanding and 0.2% of the initial collateral
balance after the full repayment of the Class B Notes until the
full repayment of the Class F Notes. The general reserve is
available to cover senior expenses, senior swap payments, and
interest and principal deficiency ledger debit of the Class C,
Class D, Class E and Class F Notes.
TRANSACTION COUNTERPARTIES
Lloyds is the account bank for the transaction. DBRS Morningstar
currently has a Long-Term Issuer Rating of AA (low) with a Stable
trend on Lloyds. Based on the downgrade provisions outlined in the
transaction documents and other mitigating factors inherent in the
transaction structure, DBRS Morningstar considers the risk arising
from the exposure to the account bank to be consistent with the
assigned credit ratings, as described in DBRS Morningstar's "Legal
Criteria for European Structured Finance Transactions"
methodology.
Lloyds Bank Corporate Markets plc (LBCM) is the interest rate swap
counterparty for the transaction. DBRS Morningstar has a private
credit rating on LBCM, which meets its criteria to act in such
capacity. The transaction documents contain downgrade provisions
largely consistent with DBRS Morningstar's criteria and the
transaction will be monitored based on DBRS Morningstar's credit
rating of LBCM or its replacement.
The transaction is exposed to the Lloyds Banking Group (LBG) as a
dominant counterparty with Lloyds acting as the Issuer account
bank, collection account bank and servicer as well as LBCM as the
swap counterparty. While LBG is considered a dominant counterparty
for the transaction, DBRS Morningstar considers the related risk to
be mitigated as the rating thresholds for the account bank and swap
counterparty are set at 'A'.
DBRS Morningstar's credit ratings on the Rated Notes address the
credit risk associated with the identified financial obligations in
accordance with the relevant transaction documents. The associated
financial obligations for each of the Rated Notes are the related
Interest Payment Amounts and the Class Balances.
DBRS Morningstar's credit ratings do not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in British pound sterling unless otherwise
noted.
PERFORMER FUNDING I: DBRS Finalizes B Rating on Class F Notes
-------------------------------------------------------------
DBRS Ratings Limited finalized its provisional credit ratings on
the notes (collectively, the Rated Notes) issued by Performer
Funding 1 PLC (the Issuer) as follows:
-- Class A Notes at AAA (sf)
-- Class B Notes at AA (sf)
-- Class C Notes at A (sf)
-- Class D Notes at BBB (sf)
-- Class E Notes at BB (high) (sf)
-- Class F Notes at B (sf)
-- Class X Notes at BB (low) (sf)
DBRS Morningstar did not assign a credit rating to the Class R or
Class Z Notes (together with the Rated Notes, the Notes) also
issued in the transaction.
The credit ratings of the Class A and Class B Notes address the
timely payment of scheduled interest and ultimate repayment of
principal by the legal final maturity date. The credit ratings of
the Class C, Class D, Class E, and Class F Notes address the
ultimate payment of scheduled interest while the class is
subordinate and the timely payment of scheduled interest as the
most senior class as well as the ultimate repayment of principal by
the legal final maturity date. The credit rating of the Class X
Notes addresses the ultimate payment of interest and ultimate
repayment of principal by the legal final maturity date.
The transaction constitutes the issuance of Notes backed by a
portfolio of GBP fixed-rate receivables related to unsecured
consumer loans granted by Lloyds Bank plc (Lloyds) to private
individuals residing in England and Wales. Lloyds also services the
collateral portfolio and Intertrust Management Limited acts as the
backup servicer facilitator.
DBRS Morningstar's credit ratings are based on the following
analytical considerations:
-- The transaction's capital structure, including the form and
sufficiency of available credit enhancement to withstand stressed
cash flow assumptions and repay the Issuer's financial obligations
according to the terms under which the Rated Notes are issued.
-- The credit quality and the characteristics of the collateral,
its historical performance, and DBRS Morningstar's projection under
various stress scenarios.
-- Lloyds's capabilities with respect to originations,
underwriting, servicing, and its financial strength.
-- The operational risk review of Lloyds, which DBRS Morningstar
deems to be an acceptable servicer.
-- The transaction parties' financial strength with regard to
their respective roles.
-- The sovereign credit rating on the United Kingdom of Great
Britain and Northern Ireland (UK), currently rated AA with a Stable
trend by DBRS Morningstar.
-- The consistency of the transaction's legal structure with DBRS
Morningstar's "Legal Criteria for European Structured Finance
Transactions" methodology.
TRANSACTION STRUCTURE
The transaction is static and the repayment of the Notes will be on
a fully sequential basis, except for the Class X Notes which would
be repaid in the interest waterfalls until a post-enforcement event
occurs. The transaction allocates payments in separate interest and
principal priorities and benefits from both a liquidity reserve and
general reserve. The liquidity reserve has a target balance equal
to 2% of the outstanding amount of the Class A and Class B Notes,
and the balance can be used to cover shortfalls in senior expenses,
senior swap payments, and interest on the Class A and Class B Notes
when interest collections are not sufficient. Principal funds can
also be reallocated to cover the above shortfalls if the interest
collections and the liquidity reserve are insufficient. The general
reserve, on the other hand, has a target balance of zero while the
Class B Notes remain outstanding and 0.2% of the initial collateral
balance after the full repayment of the Class B Notes until the
full repayment of the Class F Notes. The general reserve is
available to cover senior expenses, senior swap payments, and
interest and principal deficiency ledger debit of the Class C,
Class D, Class E, and Class F Notes.
TRANSACTION COUNTERPARTIES
Lloyds is the account bank for the transaction. DBRS Morningstar
currently has a Long-Term Issuer Rating of AA (low) with a Stable
trend on Lloyds. Based on the downgrade provisions outlined in the
transaction documents and other mitigating factors inherent in the
transaction structure, DBRS Morningstar considers the risk arising
from the exposure to the account bank to be consistent with the
assigned credit ratings, as described in DBRS Morningstar's "Legal
Criteria for European Structured Finance Transactions"
methodology.
Lloyds Bank Corporate Markets plc (LBCM) is the interest rate swap
counterparty for the transaction. DBRS Morningstar has a private
credit rating on LBCM, which meets its criteria to act in such
capacity. The transaction documents contain downgrade provisions
largely consistent with DBRS Morningstar's criteria and the
transaction will be monitored based on DBRS Morningstar's credit
rating of LBCM or its replacement.
The transaction is exposed to the Lloyds Banking Group (LBG) as a
dominant counterparty with Lloyds acting as the Issuer account
bank, collection account bank, and servicer as well as LBCM as the
swap counterparty. While LBG is considered a dominant counterparty
for the transaction, DBRS Morningstar considers the related risk to
be mitigated as the rating thresholds for the account bank and swap
counterparty are set at 'A'.
DBRS Morningstar's credit ratings on the Rated Notes address the
credit risk associated with the identified financial obligations in
accordance with the relevant transaction documents. The associated
financial obligations for each of the Rated Notes are the related
Interest Payment Amounts and the Class Balances.
DBRS Morningstar's credit ratings do not address non-payment risk
associated with contractual payment obligations contemplated in the
applicable transaction documents that are not financial
obligations.
DBRS Morningstar's long-term credit ratings provide opinions on
risk of default. DBRS Morningstar considers risk of default to be
the risk that an issuer will fail to satisfy the financial
obligations in accordance with the terms under which a long-term
obligation has been issued.
Notes: All figures are in British pound sterling unless otherwise
noted.
POLLEN: Assets Sold for Under GBP158,000, Faces HMRC Probe
----------------------------------------------------------
Robert Scammell at UKTN reports that the assets of failed events
startup Pollen have been sold for just under GBP158,000, with
administrators moving the company once valued at GBP632 million
into liquidation to continue an investigation into its operations.
According to UKTN, StreetTeam Software Limited -- trading as Pollen
-- was issued a winding-up order in a Birmingham court on December
18, 2023, owing more than GBP82 million to creditors, a figure
higher than previously thought.
It has now moved out of administration and into compulsory
liquidation, UKTN states. All assets have been sold, which means
there is no additional money to repay creditors, UKTN notes.
The London-based company raised hundreds of millions from investors
and organised events with leading musicians before going bust in
2022, UKTN recounts.
A spokesperson for Kroll, acting as administrator, told UKTN that
it had moved Pollen into liquidation to continue its investigations
into the company's affairs.
The taxpayer-backed firm remains in a dispute, via Kroll, with HMRC
over the return of more than GBP1 million in R&D tax relief, UKTN
says.
Kroll has also filed a confidential report with the Department for
Business and Trade -- a statutory requirement -- "regarding the
conduct of the directors" of Pollen, UKTN relays.
Pollen's directors have provided responses "relating to particular
transactions" to the administrators and the "matter is currently
ongoing", Kroll, as cited by UKTN, said in its final
administrator's progress report, filed on December 21, 2023.
Documents show Kroll hired fraud and asset recovery specialists AKD
Services and NC Investigation Services for an unspecified
investigation, which is currently ongoing, UKTN disclsoes.
UKTN can reveal that Pollen sold GBP1.09 million in R&D tax refunds
as an asset at what is understood to be a discounted rate to third
parties, according to a Kroll spokesperson.
This arrangement, which is essentially a futures financial contract
on R&D tax relief, was made prior to the appointment of
administrators. It is understood that these R&D tax refunds were
sold to raise cash quickly.
Kroll said that HMRC was not aware of Pollen's insolvency at the
time of the first payment of GBP280,000. However, Kroll said that
HMRC "knowingly" paid Pollen the second payment of GBP808,000 while
it was insolvent.
Kroll said it is awaiting clarification from HMRC as to whether
this should be repaid and has sought legal advice, UKTN states.
According to UKTN, an HMRC spokesperson said: "We're unable to
comment on an identifiable business due to taxpayer
confidentiality."
If the funds, which are currently sitting in a bank account
controlled by the administrator, are not returned to HMRC they
would "likely" be distributed to the parties who acquired the R&D
tax refunds as an asset, Kroll said.
TORO PRIVATE I: S&P Cuts ICR to 'D' on Completed Debt Restructuring
-------------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit ratings on
Travelport's parent holding company Toro Private Holdings I and its
finance subsidiary Travelport Finance (Luxembourg) S.a.r.l. to 'D'
(default) from 'CC'. Furthermore, S&P is lowering to 'D' from
'CCC-' its issue rating on the priority-lien debt and to 'D' from
'C' our rating on the junior priority-lien debt.
The downgrade follows Travelport's completion of its debt
restructuring, which represents a distressed exchange under S&P's
criteria, and includes:
-- Making a debt-for-equity exchange on its $2.2 billion junior
priority-lien term loan;
-- Extending the maturity of its $2.1 billion priority-lien term
loan to September 2028 from February 2025 and changing the interest
rate terms, while paying down $250 million of principal, plus
accrued and unpaid interest; and
-- Issuing a new $570 million convertible preferred equity
instrument.
S&P said, "In our view, the debt-for-equity exchange and the
changes to the terms of the priority-lien term loan both fall short
of the original promise to the lenders. Because we do not consider
that lenders have received adequate compensation for the changes,
we view the debt restructuring as a general default. Therefore, we
lowered our ratings on the company, as well as its priority-lien
and junior priority-lien debt, to 'D'.
"We will review our ratings on Travelport once we have evaluated
its new capital structure, including its cash flow profile,
liquidity position, and business risk profile. The debt-for-equity
exchange and debt paydown included in the transaction have
significantly reduced Travelport's debt and cash interest costs."
W H BARLEY: Workers Launch Legal Action Following Collapse
----------------------------------------------------------
MotorTransport reports that a group of former employees of W H
Barley (Transport and Storage) are taking legal action against the
company following its collapse into administration just four days
before Christmas.
As reported by the Troubled Company Reporter-Europe on Dec. 26,
Motor Transport related that in a post on LinkedIn earlier on Dec.
22, 2023, W H Barley chief executive Emma Barber blamed "financial
challenges" for the firm's collapse and said "increasing cost
pressures are reaching breaking point for many hauliers".
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week January 1 to January 5, 2024
-----------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- ------- -----
United Kingdom Gilt 0.50010/22/2061 GBP 28.938
Republic of Austria G 0.850 6/30/2120 EUR 43.054
Signa Development Fin 5.500 7/23/2026 EUR 8.081
Tele Columbus AG 3.875 5/2/2025 EUR 64.011
Cullinan Holdco Scsp 4.62510/15/2026 EUR 74.738
Nitrogenmuvek Vegyipa 7.000 5/14/2025 EUR 63.863
United Kingdom Gilt 0.625 7/31/2035 GBP 66.618
CPI Property Group SA 4.875 EUR 26.033
Julius Baer Group Ltd 3.625 USD 65.235
CPI Property Group SA 1.750 1/14/2030 EUR 55.261
Heimstaden Bostad AB 3.248 EUR 43.637
United Kingdom Gilt 0.62510/22/2050 GBP 38.997
United Kingdom Gilt 0.875 7/31/2033 GBP 74.058
Clariane SE 0.875 3/6/2027 EUR 37.879
CPI Property Group SA 1.500 1/27/2031 EUR 51.836
BRANICKS Group AG 2.250 9/22/2026 EUR 36.473
CPI Property Group SA 1.625 4/23/2027 EUR 72.037
Clariane SE 1.875 EUR 25.173
Atos SE 1.750 5/7/2025 EUR 67.813
Clariane SE 4.125 GBP 59.833
ams-OSRAM AG 2.125 11/3/2027 EUR 75.109
CPI Property Group SA 4.875 EUR 26.276
Pro-Gest SpA 3.25012/15/2024 EUR 53.458
Heimstaden AB 4.250 3/9/2026 EUR 45.281
EnfraGen Energia Sur 5.37512/30/2030 USD 74.695
Heimstaden Bostad AB 2.625 EUR 30.325
Atos SE 1.00011/12/2029 EUR 45.976
SBB Treasury Oyj 1.12511/26/2029 EUR 52.905
Clariane SE 2.25010/15/2028 EUR 57.784
Heimstaden AB 6.750 EUR 19.307
GTC Aurora Luxembourg 2.250 6/23/2026 EUR 69.184
Turkiye Government In 5.750 5/11/2047 USD 71.020
Heimstaden AB 4.375 3/6/2027 EUR 40.619
DEMIRE Deutsche Mitte 1.87510/15/2024 EUR 55.490
Altice France Holding 8.000 5/15/2027 EUR 47.958
Deutsche Pfandbriefba 4.679 6/28/2027 EUR 72.853
Audax Renovables SA 4.20012/18/2027 EUR 72.860
CPI Property Group SA 3.750 EUR 20.497
French Republic Gover 0.750 5/25/2053 EUR 50.758
Heimstaden Bostad AB 3.625 EUR 36.643
Altice France Holding 10.500 5/15/2027 USD 52.730
Gol Finance SA 7.000 1/31/2025 USD 40.712
Braskem Netherlands F 5.875 1/31/2050 USD 70.882
Italy Buoni Poliennal 2.150 3/1/2072 EUR 56.443
Landesbank Baden-Wuer 4.000 EUR 69.592
Vedanta Resources Ltd 6.125 8/9/2024 USD 62.692
SBB Treasury Oyj 0.75012/14/2028 EUR 53.991
Banco Santander SA 3.625 EUR 70.319
Samhallsbyggnadsbolag 2.875 EUR 14.177
Dignity Finance PLC 4.69612/31/2049 GBP 73.333
Samhallsbyggnadsbolag 2.624 EUR 14.300
United Kingdom Inflat 0.125 3/22/2051 GBP 71.774
Mitsubishi UFJ Invest 8.45612/15/2050 EUR 46.325
United Kingdom Gilt 1.12510/22/2073 GBP 35.823
Barclays PLC 4.375 USD 73.316
Heimstaden Bostad Tre 0.750 9/6/2029 EUR 61.375
PCF GmbH 4.750 4/15/2026 EUR 69.178
Orpea SA 2.625 3/10/2025 EUR 19.920
MorphoSys AG 0.62510/16/2025 EUR 67.595
SIGNA Prime CM 2017 G 4.000 4/30/2047 EUR 18.355
Italy Buoni Poliennal 1.700 9/1/2051 EUR 57.279
Castellum AB 3.125 EUR 69.375
Eolo SpA 4.87510/21/2028 EUR 69.985
Kenbourne Invest SA 6.87511/26/2024 USD 69.753
Unigel Luxembourg SA 8.750 10/1/2026 USD 33.500
Eutelsat SA 1.50010/13/2028 EUR 72.809
Samhallsbyggnadsbolag 2.250 8/12/2027 EUR 62.091
Heimstaden Bostad AB 3.000 EUR 30.950
Romanian Government I 3.375 1/28/2050 EUR 62.074
VEON Holdings BV 3.37511/25/2027 USD 71.685
Atos SE 2.500 11/7/2028 EUR 52.162
Grupo Antolin-Irausa 3.500 4/30/2028 EUR 69.981
Kenbourne Invest SA 4.700 1/22/2028 USD 50.302
Heimstaden Bostad Tre 1.62510/13/2031 EUR 58.365
Allianz SE 3.875 USD 66.727
Turkiye Government In 4.875 4/16/2043 USD 65.850
Chrome Holdco SAS 5.000 5/31/2029 EUR 70.312
Deutsche Pfandbriefba 8.474 EUR 61.627
State of North Rhine- 0.950 1/10/2121 EUR 39.646
CPI Property Group SA 2.750 1/22/2028 GBP 68.266
B2W Digital Lux Sarl 4.37512/20/2030 USD 18.880
United Kingdom Gilt 1.250 7/31/2051 GBP 47.588
Heimstaden Bostad Tre 1.000 4/13/2028 EUR 68.648
Victoria PLC 3.750 3/15/2028 EUR 64.712
Liquid Telecommunicat 5.500 9/4/2026 USD 59.316
Samhallsbyggnadsbolag 2.625 EUR 14.322
InterCement Financial 5.750 7/17/2024 USD 67.435
Republic of Austria G 0.700 4/20/2071 EUR 42.054
HSE Finance Sarl 5.62510/15/2026 EUR 50.375
Citycon Oyj 4.496 EUR 69.875
United Kingdom Gilt 1.25010/22/2041 GBP 59.710
AT Securities BV 7.747 USD 48.500
ATF Netherlands BV 7.078 EUR 40.444
Heimstaden AB 9.966 SEK 27.667
Altice France SA/Fran 4.125 1/15/2029 EUR 72.270
Samhallsbyggnadsbolag 2.375 9/4/2026 EUR 69.798
Heimstaden Bostad Tre 1.375 7/24/2028 EUR 68.057
Altice France SA/Fran 5.125 7/15/2029 USD 72.374
Cie de Phalsbourg Sar 5.000 3/27/2029 EUR 63.887
Vedanta Resources Fin 8.950 3/11/2025 USD 71.381
Grand City Properties 1.500 EUR 41.260
Vedanta Resources Fin 9.250 4/23/2026 USD 56.229
Vodafone Group PLC 5.125 6/4/2081 USD 69.599
Altice France SA/Fran 3.375 1/15/2028 EUR 73.305
Carnival PLC 1.00010/28/2029 EUR 68.585
Romanian Government I 2.000 4/14/2033 EUR 71.070
Rothschild & Co Conti 3.650 EUR 65.947
IMMOFINANZ AG 2.50010/15/2027 EUR 71.415
Altice France SA/Fran 5.50010/15/2029 USD 72.628
Agps Bondco PLC 5.000 1/14/2029 EUR 31.621
ING Groep NV 4.250 USD 68.452
United Kingdom Gilt 0.875 1/31/2046 GBP 48.177
Heimstaden Bostad AB 3.375 EUR 39.377
Altice France SA/Fran 4.25010/15/2029 EUR 71.866
Casino Guichard Perra 4.498 3/7/2024 EUR 0.681
Italy Buoni Poliennal 1.500 4/30/2045 EUR 59.752
United Kingdom Gilt 1.125 1/31/2039 GBP 63.075
Brit Insurance Holdin 3.676 12/9/2030 GBP 72.569
Altice France Holding 6.000 2/15/2028 USD 40.295
Fastighets AB Balder 2.873 6/2/2081 EUR 69.067
Castellum Helsinki Fi 0.875 9/17/2029 EUR 72.876
Aroundtown SA 1.625 EUR 29.258
Grand City Properties 5.901 EUR 55.175
Altice France Holding 4.000 2/15/2028 EUR 38.292
Casino Guichard Perra 3.992 EUR 0.299
Orpea SA 2.000 4/1/2028 EUR 20.437
Teva Pharmaceutical F 4.100 10/1/2046 USD 64.181
UBS Group AG 4.375 USD 75.200
Casino Guichard Perra 4.469 EUR 0.259
Hungary Government In 1.750 6/5/2035 EUR 71.149
Metro Bank PLC 9.139 6/26/2028 GBP 45.563
Compact Bidco BV 5.750 5/1/2026 EUR 46.121
Proximus SADP 0.75011/17/2036 EUR 68.831
Raiffeisen Bank Inter 4.500 EUR 65.873
Prosus NV 3.832 2/8/2051 USD 60.193
Swedbank AB 4.000 USD 74.205
Aroundtown SA 2.125 EUR 32.850
Voltalia SA 1.000 1/13/2025 EUR 28.900
Romanian Government I 2.750 4/14/2041 EUR 61.461
United Kingdom Inflat 0.375 3/22/2062 GBP 72.638
Italy Buoni Poliennal 2.150 9/1/2052 EUR 62.397
United Kingdom Gilt 1.750 9/7/2037 GBP 72.633
Voyage Care BondCo PL 5.875 2/15/2027 GBP 72.417
Romanian Government I 2.000 1/28/2032 EUR 74.002
Romanian Government I 2.875 4/13/2042 EUR 61.430
United Kingdom Inflat 0.125 8/10/2048 GBP 74.189
VGP NV 1.500 4/8/2029 EUR 75.143
NAK Naftogaz Ukraine 7.625 11/8/2028 USD 47.178
La Financiere Atalian 5.125 5/15/2025 EUR 72.366
Metalcorp Group SA 8.500 6/28/2026 EUR 1.275
Russian Foreign Bond 5.100 3/28/2035 USD 35.938
Berkeley Group PLC/Th 2.500 8/11/2031 GBP 72.146
Herens Midco Sarl 5.250 5/15/2029 EUR 57.125
Akelius Residential P 0.750 2/22/2030 EUR 73.371
Kudelski SA 1.500 9/27/2024 CHF 72.388
Bigben Interactive 1.125 2/19/2026 EUR 59.056
Aroundtown SA 2.875 EUR 32.106
Accor SA 0.700 12/7/2027 EUR 46.068
United Kingdom Gilt 1.500 7/31/2053 GBP 49.828
CTP NV 1.500 9/27/2031 EUR 74.440
JSM Global Sarl 4.75010/20/2030 USD 18.880
Allianz SE 2.600 EUR 68.967
Citycon Oyj 3.625 EUR 56.591
Romanian Government I 2.625 12/2/2040 EUR 61.388
Air France-KLM 0.125 3/25/2026 EUR 17.612
Ukraine Government In 7.253 3/15/2035 USD 23.594
Aragvi Finance Intern 8.450 4/29/2026 USD 67.940
Paper Industries Inte 9.975 3/1/2025 EUR 71.066
Allianz SE 2.625 EUR 71.948
Prosus NV 2.778 1/19/2034 EUR 74.761
Intrum AB 3.000 9/15/2027 EUR 70.475
Hungary Government Bo 2.250 4/20/2033 HUF 71.838
Hellenic Republic Gov 1.875 1/24/2052 EUR 64.106
Intesa Sanpaolo SpA 4.950 6/1/2042 USD 66.395
Ukraine Government In 7.375 9/25/2034 USD 23.767
Spain Government Bond 1.00010/31/2050 EUR 51.680
gategroup Finance Lux 3.000 2/28/2027 CHF 67.933
Romanian Government I 4.000 2/14/2051 USD 66.618
Abengoa Abenewco 2 SA 1.50010/26/2024 EUR 1.066
Orpea SA 0.375 5/17/2027 EUR 38.658
French Republic Gover 0.750 5/25/2052 EUR 51.846
Ukraine Government In 6.750 6/20/2028 EUR 23.770
VTR Finance NV 6.375 7/15/2028 USD 17.734
Gazprom PJSC Via Gaz 2.500 3/21/2026 EUR 65.452
United Kingdom Inflat 0.12511/22/2065 GBP 64.274
Luzerner Kantonalbank 1.500 CHF 72.555
GRENKE AG 5.375 EUR 70.516
Vnesheconombank Via V 5.94211/21/2023 USD 9.872
CaixaBank SA 3.625 EUR 72.344
Balder Finland Oyj 1.000 1/20/2029 EUR 72.344
NatWest Group PLC 4.600 USD 71.100
Casino Guichard Perra 5.250 4/15/2027 EUR 1.036
Italy Buoni Poliennal 1.800 3/1/2041 EUR 68.473
United Kingdom Inflat 0.125 3/22/2058 GBP 67.334
Maxeda DIY Holding BV 5.875 10/1/2026 EUR 71.469
La Banque Postale SA 3.000 EUR 67.888
Endo Luxembourg Finan 6.125 4/1/2029 USD 64.250
Atento Luxco 1 SA 8.000 2/10/2026 USD 0.010
Agps Bondco PLC 6.000 8/5/2025 EUR 38.290
Ukraine Government In 4.375 1/27/2032 EUR 20.736
Hungary Government In 0.50011/18/2030 EUR 74.612
Moby SpA 7.750 2/15/2023 EUR 60.536
Nostrum Oil & Gas Fin 5.000 6/30/2026 USD 69.150
Agps Bondco PLC 4.250 7/31/2025 EUR 72.360
Mallinckrodt Internat 10.000 6/15/2029 USD 6.000
Hungary Government In 3.125 9/21/2051 USD 61.477
Nykredit Realkredit A 1.000 10/1/2050 DKK 73.985
United Kingdom Gilt 1.62510/22/2071 GBP 45.565
AI Candelaria Spain S 5.750 6/15/2033 USD 74.103
Unicaja Banco SA 4.875 EUR 74.437
Thames Water Kemble F 4.625 5/19/2026 GBP 58.666
Spain Government Bond 0.850 7/30/2037 EUR 69.988
NAK Naftogaz Ukraine 7.125 7/19/2026 EUR 46.511
Just Eat Takeaway.com 0.625 2/9/2028 EUR 72.240
UBS Group AG 0.625 1/18/2033 EUR 72.747
Rothesay Life PLC 5.000 GBP 69.393
Russian Foreign Bond 5.250 6/23/2047 USD 30.934
Idorsia Ltd 2.125 8/4/2028 CHF 39.517
Ellos Group AB/Boras 10.847 7/25/2024 SEK 72.016
NAK Naftogaz Ukraine 7.650 7/19/2025 USD 66.937
Orsted AS 2.500 2/18/3021 GBP 63.558
BICO Group AB 2.875 3/19/2026 SEK 70.089
Nexity SA 0.250 3/2/2025 EUR 59.078
United Kingdom Inflat 0.12511/22/2056 GBP 68.415
Ukraine Government In 7.750 9/1/2025 USD 29.703
Kernel Holding SA 6.75010/27/2027 USD 63.266
Serbia International 1.650 3/3/2033 EUR 69.798
Turkiye Government Bo 11.70011/13/2030 TRY 50.000
JT International Fina 3.300 9/14/2051 USD 62.421
Gol Finance SA 8.000 6/30/2026 USD 40.846
Spain Government Bond 1.000 7/30/2042 EUR 62.494
Fnac Darty SA 0.250 3/23/2027 EUR 68.583
Balder Finland Oyj 2.000 1/18/2031 EUR 69.192
Trinseo Materials Ope 5.125 4/1/2029 USD 38.522
CPI Property Group SA 5.800 SGD 44.443
Casino Guichard Perra 4.048 8/5/2026 EUR 1.000
Russian Railways Via 0.898 10/3/2025 CHF 63.810
Prosus NV 4.987 1/19/2052 USD 71.314
Kleopatra Holdings 2 6.500 9/1/2026 EUR 57.855
Orsted AS 1.500 2/18/3021 EUR 73.637
Aroundtown SA 3.375 EUR 38.758
Koninklijke Luchtvaar 0.750 CHF 27.500
Codere Finance 2 Luxe 11.000 9/30/2026 EUR 60.423
Kingdom of Belgium Go 0.400 6/22/2040 EUR 62.724
United Kingdom Gilt 1.750 7/22/2057 GBP 51.972
MHP Lux SA 6.250 9/19/2029 USD 63.486
Ukraine Government In 7.750 9/1/2027 USD 27.093
Balder Finland Oyj 1.375 5/24/2030 EUR 68.466
Ageas SA/NV 3.875 EUR 74.995
Ireland Government Bo 1.500 5/15/2050 EUR 68.255
EP Infrastructure AS 1.816 3/2/2031 EUR 72.983
Denmark Government Bo 0.25011/15/2052 DKK 50.566
Altice France SA/Fran 4.000 7/15/2029 EUR 71.255
UBM Development AG 5.500 EUR 74.601
Nexity SA 0.875 4/19/2028 EUR 36.153
Ukraine Government In 7.750 9/1/2024 USD 31.066
EnBW Energie Baden-Wu 2.125 8/31/2081 EUR 74.239
Slovakia Government B 2.250 6/12/2068 EUR 65.111
Casino Guichard Perra 3.580 2/7/2025 EUR 1.031
Idorsia Ltd 0.750 7/17/2024 CHF 60.828
Italy Buoni Poliennal 2.450 9/1/2050 EUR 68.545
Republic of Austria G 0.25010/20/2036 EUR 69.808
Optivo Finance PLC 3.283 3/22/2048 GBP 66.125
Intesa Sanpaolo SpA 4.700 9/23/2049 USD 70.126
EIG Pearl Holdings Sa 4.38711/30/2046 USD 74.539
Luzerner Kantonalbank 2.000 CHF 73.839
Abengoa Abenewco 2 SA 1.50010/26/2024 EUR 2.226
Signa Development Fin 5.500 7/23/2026 EUR 8.361
United Kingdom Gilt 1.750 1/22/2049 GBP 57.267
Samhallsbyggnadsbolag 7.599 SEK 15.150
Codere Finance 2 Luxe 12.75011/30/2027 EUR 7.457
Republic of Austria G 1.500 11/2/2086 EUR 56.813
Grand City Properties 6.332 EUR 59.489
Mutuelle Assurance De 3.500 EUR 71.721
Portugal Obrigacoes d 1.000 4/12/2052 EUR 53.064
Electricite de France 2.000 12/9/2049 EUR 59.682
Aroundtown SA 4.750 GBP 38.800
Rallye SA 4.000 2/28/2032 EUR 0.060
Aroundtown SA 1.450 7/9/2028 EUR 74.317
Russian Railways Via 0.840 3/12/2026 CHF 51.529
Vonovia SE 1.625 9/1/2051 EUR 52.706
Bulgaria Government I 1.375 9/23/2050 EUR 54.888
Czech Republic Govern 1.500 4/24/2040 CZK 66.920
Russian Foreign Bond 2.875 12/4/2025 EUR 61.108
Gazprom PJSC via Gaz 1.500 2/17/2027 EUR 61.992
Audax Renovables SA 2.75011/30/2025 EUR 74.048
OSB Group PLC 6.000 GBP 72.641
Shell International F 3.00011/26/2051 USD 67.891
Ocado Group PLC 0.750 1/18/2027 GBP 74.269
Prosus NV 4.027 8/3/2050 USD 62.435
MBT Systems GmbH 3.750 5/17/2029 EUR 71.542
Russian Foreign Bond 4.375 3/21/2029 USD 49.451
United Kingdom Gilt 2.500 7/22/2065 GBP 62.584
French Republic Gover 1.750 5/25/2066 EUR 64.544
Slovakia Government B 1.00010/13/2051 EUR 48.338
AnaCap Financial Euro 8.968 8/1/2024 EUR 65.270
Ukraine Government In 7.750 9/1/2026 USD 27.517
Ukraine Government In 9.750 11/1/2030 USD 28.558
Netherlands Governmen 0.500 1/15/2040 EUR 69.720
FIGEAC-AERO 1.75010/18/2028 EUR 15.757
Canary Wharf Group In 3.375 4/23/2028 GBP 66.454
Solocal Group 10.845 3/15/2025 EUR 24.986
BAT International Fin 4.00011/23/2055 GBP 57.754
Novo Banco SA/Luxembo 3.500 1/23/2043 EUR 73.343
SPP-Distribucia AS 1.000 6/9/2031 EUR 71.285
Metinvest BV 7.75010/17/2029 USD 58.480
Gazprom PJSC via Gaz 3.897 EUR 59.684
Wirecard AG 0.500 9/11/2024 EUR 15.967
Ukraine Government In 6.876 5/21/2031 USD 23.413
BAT International Fin 2.250 9/9/2052 GBP 40.632
Gazprom PJSC via Gaz 1.540 6/30/2027 CHF 61.251
Bayer AG 1.000 1/12/2036 EUR 67.008
Mithra Pharmaceutical 4.25012/17/2025 EUR 29.865
MMC Norilsk Nickel OJ 3.37510/28/2024 USD 74.625
Republic of Italy Gov 3.875 5/6/2051 USD 67.187
Casino Guichard Perra 6.625 1/15/2026 EUR 1.000
United Utilities Wate 1.875 6/3/2042 GBP 57.694
Delivery Hero SE 2.125 3/10/2029 EUR 71.701
Serbia International 2.050 9/23/2036 EUR 64.103
Russian Foreign Bond 4.750 5/27/2026 USD 54.014
alstria office REIT-A 1.50011/15/2027 EUR 72.868
Russian Railways Via 2.100 10/2/2023 CHF 66.446
Russian Railways Via 2.200 5/23/2027 EUR 65.206
Cellnex Finance Co SA 3.875 7/7/2041 USD 73.143
Ukraine Government In 7.750 9/1/2029 USD 27.521
Riverside Finance Plc 3.875 12/5/2044 GBP 74.220
Russian Foreign Bond 1.85011/20/2032 EUR 30.945
Maisons du Monde SA 0.125 12/6/2023 EUR 48.183
Rallye SA 4.371 2/28/2032 EUR 0.051
Ukraine Railways Via 8.250 7/9/2026 USD 53.317
Italy Buoni Poliennal 1.450 3/1/2036 EUR 73.670
Republic of Belarus I 6.378 2/24/2031 USD 35.497
Finland Government Bo 0.125 4/15/2052 EUR 44.804
Clariane SE 3.350 6/29/2028 EUR 61.370
United Kingdom Gilt 1.62510/22/2054 GBP 51.029
Delivery Hero SE 1.500 1/15/2028 EUR 74.837
Nykredit Realkredit A 1.000 10/1/2050 DKK 69.745
Electricite de France 4.500 12/4/2069 USD 68.668
Marginalen Bank Banka 10.09910/30/2028 SEK 60.000
Places For People Tre 2.500 1/26/2036 GBP 70.456
Fastator AB 10.614 9/26/2025 SEK 69.129
UBS Group AG 3.179 2/11/2043 USD 68.919
Turkiye Government Bo 10.500 8/11/2027 TRY 64.300
Croatia Government In 1.750 3/4/2041 EUR 71.371
Development Bank of t 6.750 5/2/2024 USD 41.390
Interpipe Holdings PL 8.375 5/13/2026 USD 72.796
Republic of Austria G 0.750 3/20/2051 EUR 55.666
Slovakia Government B 0.375 4/21/2036 EUR 65.853
Triodos Bank NV 2.250 2/5/2032 EUR 73.727
Logicor Financing Sar 0.875 1/14/2031 EUR 72.853
Slovenia Government B 0.688 3/3/2081 EUR 41.547
Ukraine Government In 7.750 9/1/2028 USD 27.637
PREOS Global Office R 7.500 12/9/2024 EUR 0.001
Oscar Properties Hold 11.320 7/5/2024 SEK 10.708
NGD Holdings BV 6.75012/31/2026 USD 70.147
Thomas Cook Group PLC 6.250 6/15/2022 EUR 0.688
Financiere Immobilier 6.000 1/30/2025 EUR 9.204
HSE Finance Sarl 9.75210/15/2026 EUR 50.794
Russian Foreign Bond 4.250 6/23/2027 USD 52.923
Republic of Belarus I 7.625 6/29/2027 USD 35.760
Caybon Holding AB 10.550 3/3/2025 SEK 50.000
French Republic Gover 1.500 5/25/2050 EUR 66.883
Barclays Bank PLC 4.33112/28/2040 EUR 69.561
Agps Bondco PLC 5.000 4/27/2027 EUR 33.591
Republic of Austria G 1.500 2/20/2047 EUR 71.674
Desenio Group AB 9.56112/16/2024 SEK 64.661
Dtek Renewables Finan 8.50011/12/2024 EUR 57.167
Magnolia Bostad AB 10.961 3/18/2025 SEK 70.000
Republic of Italy Gov 4.00010/17/2049 USD 70.336
Romanian Government I 3.375 2/8/2038 EUR 72.732
Hungary Government In 1.50011/17/2050 EUR 51.077
BNP Paribas SA 0.625 12/3/2032 EUR 75.189
Greenbit Energy AS 14.750 5/27/2025 NOK 71.148
Russian Railways Via 3.125 CHF 40.184
Gazprom PJSC via Gaz 2.950 4/15/2025 EUR 65.479
Novo Banco SA/Luxembo 3.500 2/19/2043 EUR 72.262
Aroundtown SA 3.00010/16/2029 GBP 69.509
Enel Finance Internat 0.875 9/28/2034 EUR 72.382
Imperial Brands Finan 1.750 3/18/2033 EUR 75.019
Diageo Finance PLC 2.750 6/8/2038 GBP 75.009
Covivio SA/France 0.875 1/20/2033 EUR 74.217
TotalEnergies Capital 3.127 5/29/2050 USD 70.068
Sydbank AS 3.252 EUR 63.409
Perrigo Finance Unlim 4.90012/15/2044 USD 75.735
Gazprom PJSC via Gaz 3.000 6/29/2027 USD 68.133
Vonovia SE 1.500 6/14/2041 EUR 60.896
Fresnillo PLC 4.250 10/2/2050 USD 71.495
Gazprom PJSC via Gaz 4.599 USD 51.421
Intesa Sanpaolo SpA 2.10011/13/2030 USD 74.990
Wuestenrot & Wuerttem 2.125 9/10/2041 EUR 73.027
Arrival SA 3.500 12/1/2026 USD 1.497
Flamingo Lux II SCA 5.000 3/31/2029 EUR 72.160
DDM Debt AB 9.000 4/19/2026 EUR 65.636
Cabonline Group Holdi 13.581 4/19/2026 SEK 67.434
Logicor Financing Sar 2.000 1/17/2034 EUR 72.653
Kingdom of Belgium Go 1.700 6/22/2050 EUR 68.946
Russian Railways Via 7.487 3/25/2031 GBP 67.181
Neoen SA 2.000 6/2/2025 EUR 44.425
Societe Generale SA 4.027 1/21/2043 USD 65.871
BPCE SFH SA 0.010 1/29/2036 EUR 66.860
R-Logitech Finance SA 10.250 9/26/2027 EUR 19.790
Global Fashion Group 1.250 3/15/2028 EUR 74.062
Agps Bondco PLC 5.50011/13/2026 EUR 36.532
Electricite de France 1.00011/29/2033 EUR 75.157
Prosus NV 2.031 8/3/2032 EUR 73.713
Evraz PLC 5.250 4/2/2024 USD 68.119
Bank Gospodarstwa Kra 2.000 11/3/2036 EUR 74.906
Vonovia SE 0.750 9/1/2032 EUR 72.868
BNP Paribas SA 2.000 9/13/2036 GBP 68.776
NIBC Bank NV 3.089 EUR 72.603
AerCap Ireland Capita 3.85010/29/2041 USD 75.328
Vnesheconombank Via V 6.80011/22/2025 USD 6.584
Ukraine Government In 8.994 2/1/2026 USD 29.833
Marginalen Bank Banka 13.061 SEK 45.002
Metinvest BV 8.500 4/23/2026 USD 69.300
K2A Knaust & Andersso 10.043 SEK 45.079
Latvia Government Int 1.375 5/16/2036 EUR 74.480
Mutuelle Assurance De 2.125 6/21/2052 EUR 73.770
SAS AB 8.755 SEK 1.762
IOG Plc 13.403 9/20/2024 EUR 31.376
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 57.624
Marginalen Bank Banka 9.947 8/28/2029 SEK 55.405
Russian Foreign Bond 7.500 3/31/2030 USD 65.139
Hellenic Republic Gov 2.085 7/25/2057 EUR 29.744
State of North Rhine- 2.150 3/21/2119 EUR 65.326
Schlote Holding GmbH 6.75011/21/2024 EUR 36.598
John Lewis PLC 4.25012/18/2034 GBP 67.074
Royalty Pharma PLC 3.300 9/2/2040 USD 70.694
Kingdom of Belgium Go 2.150 6/22/2066 EUR 72.287
EnBW International Fi 0.500 3/1/2033 EUR 74.795
Codere Finance 2 Luxe 13.62511/30/2027 USD 8.967
EnfraGen Energia Sur 5.37512/30/2030 USD 74.555
Slovenia Government B 0.48810/20/2050 EUR 47.119
VTB Bank OJSC Via VTB 6.95010/17/2022 USD 6.640
Tresu Investment Hold 8.972 1/2/2025 EUR 23.348
Elli Finance UK PLC 8.750 6/15/2019 GBP 43.294
Sweden Government Bon 0.50011/24/2045 SEK 62.850
Agps Bondco PLC 4.625 1/14/2026 EUR 37.722
Turkiye Government Bo 10.40010/13/2032 TRY 52.000
Slovakia Government B 2.00010/17/2047 EUR 69.570
Annington Funding PLC 2.924 10/6/2051 GBP 55.659
NPC Ukrenergo 6.875 11/9/2028 USD 26.286
Alfa Bank AO Via Alfa 5.950 4/15/2030 USD 1.381
Societe Generale SA 4.027 1/21/2043 USD 66.001
Turkiye Government Bo 12.400 3/8/2028 TRY 68.800
Rickmers Holding AG 8.875 6/11/2018 EUR 2.249
BAT International Fin 2.000 3/13/2045 EUR 58.520
MMC Norilsk Nickel OJ 2.550 9/11/2025 USD 74.000
Finland Government Bo 0.125 4/15/2036 EUR 69.640
AstraZeneca PLC 3.000 5/28/2051 USD 70.253
Deutsche Bahn Finance 0.625 12/8/2050 EUR 49.882
La Financiere Atalian 6.625 5/15/2025 GBP 71.827
Altice France SA/Fran 5.125 1/15/2029 USD 72.944
Turkiye Government Bo 10.600 2/11/2026 TRY 68.000
Euroboden GmbH 5.500 10/1/2024 EUR 1.400
Sberbank of Russia Vi 5.12510/29/2022 USD 32.532
Euroboden GmbH 5.50011/18/2025 EUR 1.416
Prosus NV 1.985 7/13/2033 EUR 70.985
Photon Energy NV 6.50011/23/2027 EUR 51.909
NIBC Bank NV 2.850 2/21/2040 EUR 60.371
Altice France Holding 6.000 2/15/2028 USD 40.025
HOCHDORF Holding AG 7.277 CHF 28.802
Nederlandse Gasunie N 0.75010/13/2036 EUR 70.342
Realkredit Danmark A/ 1.000 10/1/2050 DKK 74.080
Just Group PLC 5.000 GBP 66.258
Kingdom of Belgium Go 2.250 6/22/2057 EUR 75.600
Deutsche Telekom AG 3.625 1/21/2050 USD 75.176
Ukraine Government Bo 9.790 5/26/2027 UAH 62.648
Shell International F 1.750 9/10/2052 GBP 48.151
Republic of Belarus I 6.200 2/28/2030 USD 33.599
Offentliga Hus I Nord 10.916 SEK 45.027
University of Oxford 2.544 12/8/2117 GBP 50.968
Samhallsbyggnadsbolag 6.849 1/30/2027 SEK 62.787
Kenbourne Invest SA 4.700 1/22/2028 USD 50.850
Siemens Financierings 0.500 9/5/2034 EUR 74.881
Allied Irish Banks PL 12.500 6/25/2035 GBP 55.821
Digital Intrepid Hold 0.625 7/15/2031 EUR 75.245
Selina Hospitality PL 6.000 11/1/2026 USD 10.128
Societe Generale SA 3.625 3/1/2041 USD 63.463
BUPA Finance PLC 4.000 GBP 65.471
Plusplus Capital Fina 11.000 7/29/2026 EUR 46.170
Ireland Government Bo 0.550 4/22/2041 EUR 65.365
Russian Railways Via 1.195 4/3/2028 CHF 50.031
Fastator AB 11.114 9/25/2026 SEK 70.015
PB International BV 7.62512/31/2025 USD 40.015
Chesnara PLC 4.750 8/4/2032 GBP 72.486
VTB Bank PJSC Via VTB 9.500 USD 17.569
WM Morrison Supermark 3.500 7/27/2026 GBP 70.841
Quant AB 10.00211/15/2025 EUR 69.464
Havila Shipping ASA 9.220 1/2/2025 NOK 47.694
Merlin Properties Soc 1.875 12/4/2034 EUR 74.153
BP Capital Markets PL 1.10411/15/2034 EUR 75.270
Lithuania Government 0.500 7/28/2050 EUR 44.459
Nykredit Realkredit A 2.000 10/1/2053 DKK 70.602
Bank Gospodarstwa Kra 2.000 11/3/2036 EUR 74.906
Kreditanstalt fuer Wi 0.875 7/4/2039 EUR 71.990
Verbund AG 0.900 4/1/2041 EUR 66.905
Ilija Batljan Invest 7.32712/15/2024 SEK 22.584
Senvion Holding GmbH 3.87510/25/2022 EUR 0.103
Altarea SCA 1.750 1/16/2030 EUR 73.918
Paul Tech AG 7.000 12/1/2025 EUR 56.773
Russian Foreign Bond 5.625 4/4/2042 USD 66.999
FF Group Finance Luxe 3.250 11/2/2021 CHF 6.637
Diageo Finance PLC 1.250 3/28/2033 GBP 73.390
State Agency of Roads 6.250 6/24/2030 USD 25.480
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 63.109
Bank Gospodarstwa Kra 0.500 7/8/2031 EUR 75.134
UBS Group AG 4.375 USD 74.365
Nykredit Realkredit A 1.000 10/1/2053 DKK 73.136
STERIS Irish FinCo Un 3.750 3/15/2051 USD 72.601
Orpea SA 2.130 7/3/2024 EUR 23.583
Southern Gas Networks 3.100 9/15/2036 GBP 74.794
CK Hutchison Group Te 2.62510/17/2034 GBP 68.691
Gazprom PJSC Via Gaz 4.950 2/6/2028 USD 72.406
Russian Railways Via 4.375 3/1/2024 USD 75.000
Vodafone Group PLC 3.000 8/12/2056 GBP 57.459
Republic of Belarus I 5.875 2/24/2026 USD 34.712
Deutsche Bahn Finance 1.125 5/29/2051 EUR 57.262
Sweden Government Bon 1.375 6/23/2071 SEK 57.232
Russian Foreign Bond 1.12511/20/2027 EUR 39.038
Siemens Financierings 2.875 3/11/2041 USD 73.720
Thermo Fisher Scienti 2.00010/18/2051 EUR 64.388
Tinkoff Bank JSC Via 11.002 USD 55.000
Novo Banco SA/Luxembo 3.500 1/2/2043 EUR 72.833
Samhallsbyggnadsbolag 3.000 4/3/2040 EUR 46.767
Kenbourne Invest SA 6.87511/26/2024 USD 70.106
Thames Water Utilitie 1.250 1/31/2032 EUR 73.146
Finland Government Bo 1.375 4/15/2047 EUR 71.007
State of North Rhine- 1.450 1/19/2122 EUR 46.448
Royalty Pharma PLC 3.350 9/2/2051 USD 62.990
UBS Group AG 3.179 2/11/2043 USD 69.129
Scandinavian Airlines 0.625 CHF 2.524
Barclays PLC 3.33011/24/2042 USD 69.413
Holcim Finance Luxemb 0.625 1/19/2033 EUR 74.562
Vonovia Finance BV 1.125 9/14/2034 EUR 70.966
GTLK Europe Capital D 5.950 4/17/2025 USD 28.306
Bank Gospodarstwa Kra 2.37511/27/2040 PLN 62.840
Nykredit Realkredit A 1.500 10/1/2053 DKK 72.690
Shell International F 3.250 4/6/2050 USD 71.648
Cellnex Finance Co SA 3.875 7/7/2041 USD 72.811
BNP Paribas SA 2.824 1/26/2041 USD 65.164
Russian Federal Bond 7.250 5/10/2034 RUB 74.396
Nykredit Realkredit A 1.000 10/1/2053 DKK 68.237
Bank Gospodarstwa Kra 2.000 11/3/2036 EUR 74.906
Vonovia Finance BV 1.625 10/7/2039 EUR 64.671
Mitsubishi UFJ Invest 8.21512/30/2099 EUR 2.966
Republic of Poland Go 2.000 3/8/2049 EUR 64.905
Severstal OAO Via Ste 3.150 9/16/2024 USD 5.488
Prs Finance PLC 1.500 8/24/2034 GBP 72.815
Gecina SA 0.875 6/30/2036 EUR 69.564
Russian Foreign Bond 2.650 5/27/2036 EUR 34.338
Vonovia SE 1.000 6/16/2033 EUR 72.892
Credit Bank of Moscow 3.875 9/21/2026 USD 36.555
State of North Rhine- 1.375 1/15/2120 EUR 46.355
Novo Banco SA/Luxembo 3.500 3/18/2043 EUR 71.927
British Telecommunica 3.62511/21/2047 GBP 70.763
Ekosem-Agrar AG 2.500 7/31/2029 EUR 13.224
Becton Dickinson Euro 1.336 8/13/2041 EUR 62.954
Credit Bank of Moscow 3.100 1/21/2026 EUR 22.702
State of North Rhine- 1.950 9/26/2078 EUR 63.788
Air Berlin PLC 6.750 5/9/2019 EUR 0.354
Turkiye Government Bo 11.000 2/24/2027 TRY 63.500
BNP Paribas SA 2.824 1/26/2041 USD 64.802
ABH Financial Ltd Via 2.875 11/9/2022 CHF #N/A N/A
Air Berlin PLC 8.250 4/19/2018 EUR 0.385
Wellcome Trust Ltd/Th 1.500 7/14/2071 GBP 38.495
Sanctuary Capital PLC 2.375 4/14/2050 GBP 56.550
Utmost Group PLC 4.00012/15/2031 GBP 72.672
BAE Systems PLC 3.000 9/15/2050 USD 65.995
Southern Housing 3.50010/19/2047 GBP 68.635
Enel Finance Internat 0.875 6/17/2036 EUR 68.126
Republic of Ireland I 1.425 9/18/2119 EUR 48.584
Southern Housing 2.375 10/8/2036 GBP 69.724
Mallinckrodt Internat 10.000 4/15/2025 USD 7.000
Beyond Housing Ltd 2.125 5/17/2051 GBP 53.431
Vodafone Group PLC 3.375 8/8/2049 GBP 65.698
Agri Resources Group 8.000 3/17/2026 EUR 12.685
LEG Immobilien SE 1.00011/19/2032 EUR 73.653
CM.com NV 2.000 9/9/2026 EUR 64.129
Sberbank of Russia Vi 5.250 5/23/2023 USD 33.078
esure Group PLC 6.000 GBP 69.781
Unigel Luxembourg SA 8.750 10/1/2026 USD 33.250
Ekosem-Agrar AG 2.500 12/7/2027 EUR 11.130
Ukraine Railways Via 7.875 7/15/2028 USD 48.318
OGX Austria GmbH 8.375 4/1/2022 USD 0.016
Thames Water Utilitie 2.375 4/22/2040 GBP 57.767
UBS Group AG 0.625 2/24/2033 EUR 73.693
Eni SpA 1.00010/11/2034 EUR 74.084
Telefonica Emisiones 1.957 7/1/2039 EUR 75.368
UNEDIC ASSEO 0.500 5/25/2036 EUR 71.643
Abengoa Abenewco 2 SA 1.50010/26/2024 USD 1.150
Hungary Government Bo 2.250 6/22/2034 HUF 68.784
Cadent Finance PLC 2.750 9/22/2046 GBP 60.130
Wales & West Utilitie 3.000 8/3/2038 GBP 72.647
Gazprom PJSC via Gaz 1.85011/17/2028 EUR 59.378
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 60.043
Thomas Cook Finance 2 3.875 7/15/2023 EUR 0.804
TotalEnergies Capital 3.386 6/29/2060 USD 69.687
Credit Bank of Moscow 5.150 2/20/2024 EUR 30.966
Lithuania Government 1.625 6/19/2049 EUR 61.691
ALROSA Finance SA 4.650 4/9/2024 USD 10.077
ING Bank NV 1.000 2/17/2037 EUR 74.854
Snam SpA 1.000 9/12/2034 EUR 73.911
Saxa Gres Spa 7.000 8/4/2027 EUR 4.471
UNEDIC ASSEO 0.250 7/16/2035 EUR 72.031
Deutsche Bahn Finance 0.625 4/15/2036 EUR 71.124
Tinkoff Bank JSC Via 6.000 USD 48.733
Medtronic Global Hold 1.750 7/2/2049 EUR 63.286
WPP Finance 2013 2.875 9/14/2046 GBP 59.742
Aroundtown SA 3.640 9/20/2030 EUR 70.346
OGX Austria GmbH 8.500 6/1/2018 USD 0.019
BUPA Finance PLC 4.125 6/14/2035 GBP 75.206
Andorra International 1.70010/13/2041 EUR 65.008
WM Morrison Supermark 4.750 7/4/2029 GBP 62.765
Siemens Financierings 3.300 9/15/2046 USD 73.817
Abengoa Abenewco 2 Bi 1.500 4/26/2024 EUR 0.498
Gazprom PJSC Via Gaz 4.364 3/21/2025 EUR 70.000
Grounds Real Estate D 6.000 2/18/2024 EUR 59.040
ALROSA Finance SA 3.100 6/25/2027 USD 8.584
Deutsche Telekom AG 1.750 12/9/2049 EUR 71.362
Novolipetsk Steel Via 1.450 6/2/2026 EUR 68.784
Medtronic Global Hold 1.500 7/2/2039 EUR 71.142
Deutsche Bahn Finance 1.85011/23/2043 EUR 69.506
GTLK Europe Capital D 4.349 2/27/2029 USD 21.629
British Telecommunica 4.250 11/8/2049 USD 76.365
Deutsche Bahn Finance 1.375 4/16/2040 EUR 72.484
State of North Rhine- 1.750 7/11/2068 EUR 62.240
Investor AB 1.500 6/20/2039 EUR 71.805
Societe Generale SA 3.625 3/1/2041 USD 63.877
Linde PLC 1.000 9/30/2051 EUR 54.163
Bank Gospodarstwa Kra 2.250 7/21/2033 PLN 74.427
BPCE SA 3.58210/19/2042 USD 66.551
ERWE Immobilien AG 7.50012/10/2023 EUR 23.051
Social Chain AG /The 5.750 4/7/2024 EUR 0.131
Altice France SA/Fran 5.125 7/15/2029 USD 71.896
Nykredit Realkredit A 1.000 10/1/2053 DKK 58.970
GTLK Europe DAC 5.125 5/31/2024 USD 35.411
Nykredit Realkredit A 1.500 10/1/2053 DKK 63.833
Affordable Housing Fi 2.893 8/11/2043 GBP 74.387
Engie SA 1.00010/26/2036 EUR 70.205
Amprion GmbH 0.625 9/23/2033 EUR 74.601
Vonovia Finance BV 1.000 1/28/2041 EUR 55.584
Nordea Kredit Realkre 1.000 10/1/2050 DKK 74.231
Yorkshire Water Finan 2.750 4/18/2041 GBP 63.809
Abengoa Abenewco 2 SA 1.50010/26/2024 USD 0.009
UNEDIC ASSEO 0.100 5/25/2034 EUR 73.509
Metinvest BV 7.650 10/1/2027 USD 63.478
Air Berlin PLC 5.625 5/9/2019 CHF 0.139
Anchor Hanover Group 2.000 7/21/2051 GBP 51.402
Republic of Poland Go 2.00010/25/2046 EUR 68.408
CNP Assurances SACA 1.87510/12/2053 EUR 75.120
Codere Finance 2 Luxe 13.62511/30/2027 USD 8.967
JAB Holdings BV 3.750 5/28/2051 USD 64.136
BNG Bank NV 0.805 6/28/2049 EUR 54.422
Fastator AB 10.618 9/24/2027 SEK 55.005
Shell International F 2.87511/26/2041 USD 72.536
Lendlease Europe Fina 3.500 12/2/2033 GBP 68.733
VTB Bank OJSC Via VTB 4.07310/24/2024 CHF 16.000
Vnesheconombank Via V 6.025 7/5/2022 USD 6.363
Borets Finance DAC 6.000 9/17/2026 USD 49.235
Southern Gas Networks 1.250 12/2/2031 GBP 72.682
Lehman Brothers UK Ca 5.125 EUR 32.757
GTLK Europe Capital D 4.650 3/10/2027 USD 22.704
Ukreximbank Via Biz F 9.95011/14/2029 USD 70.000
Trinseo Materials Ope 5.125 4/1/2029 USD 38.424
Russian Federal Bond 7.700 3/16/2039 RUB 72.334
Orbit Capital PLC 2.00011/24/2038 GBP 63.570
LEG Immobilien SE 1.500 1/17/2034 EUR 74.219
Flagship Finance PLC 1.875 7/14/2061 GBP 46.321
Becton Dickinson Euro 1.213 2/12/2036 EUR 72.902
BP Capital Markets BV 1.467 9/21/2041 EUR 65.541
Kreditanstalt fuer Wi 0.050 9/29/2034 EUR 73.054
Jyske Realkredit A/S 1.000 10/1/2050 DKK 74.061
Aroundtown SA 3.625 4/10/2031 GBP 67.239
RL Finance Bonds NO 4 4.875 10/7/2049 GBP 74.703
Nestle Finance Intern 0.875 6/14/2041 EUR 67.125
Intu Debenture PLC 5.56212/31/2027 GBP 39.779
Altice France SA/Fran 5.50010/15/2029 USD 72.478
Marston's Issuer PLC 7.890 7/16/2035 GBP 74.337
Turkiye Government Bo 8.000 3/12/2025 TRY 73.000
BNP Paribas SA 1.250 7/13/2031 GBP 74.009
Slovenia Government B 1.175 2/13/2062 EUR 55.162
Uliving@essex3 LLP 2.720 8/31/2066 GBP 49.490
MMK International Cap 4.375 6/13/2024 USD 27.957
Lloyds Banking Group 3.36912/14/2046 USD 64.571
Intesa Sanpaolo SpA 2.625 3/11/2036 GBP 68.103
Aberdeen City Council 0.100 2/28/2054 GBP 70.665
Paragon Treasury Plc 3.625 1/21/2047 GBP 71.011
Phosagro OAO Via Phos 2.600 9/16/2028 USD 66.488
Russian Agricultural 8.50010/16/2023 USD 26.042
Latvia Government Int 1.875 2/19/2049 EUR 67.378
BNP Paribas SA 4.500 USD 73.620
Bakkegruppen AS 11.730 2/3/2025 NOK 51.557
Bayerische Landesbank 0.620 5/14/2031 EUR 75.290
Credit Bank of Moscow 8.875 USD 20.000
European TopSoho Sarl 4.000 9/21/2021 EUR 52.875
Market Parent Finco P 6.750 10/1/2029 GBP 68.072
DXC Capital Funding D 0.950 9/15/2031 EUR 74.968
VK IPJSC 1.625 10/1/2025 USD 47.000
Tele Columbus AG 3.875 5/2/2025 EUR 63.499
Northern Powergrid No 1.875 6/16/2062 GBP 45.974
Nykredit Realkredit A 0.500 10/1/2053 DKK 67.922
Barclays PLC 3.811 3/10/2042 USD 69.987
Enel Finance Internat 1.12510/17/2034 EUR 74.042
Cyprus Government Int 1.250 1/21/2040 EUR 67.180
Manchester Airport Gr 2.875 9/30/2044 GBP 64.678
TotalEnergies Capital 3.461 7/12/2049 USD 74.338
Societe Nationale SNC 0.875 2/28/2051 EUR 47.339
TotalEnergies Capital 2.986 6/29/2041 USD 73.939
United Utilities Wate 2.000 7/3/2033 GBP 74.906
Republic of Croatia F 1.00011/27/2034 EUR 74.775
GTLK Europe Capital D 4.800 2/26/2028 USD 22.592
National Grid PLC 0.750 9/1/2033 EUR 73.215
Accent Capital PLC 2.625 7/18/2049 GBP 61.466
University College Lo 1.625 6/4/2061 GBP 46.181
Rallye SA 3.400 2/28/2032 EUR 0.067
Richemont Internation 1.625 5/26/2040 EUR 74.780
publity AG 5.500 6/19/2025 EUR 57.055
Jyske Realkredit A/S 1.000 10/1/2050 DKK 69.736
City of Lausanne Swit 0.050 9/28/2054 CHF 65.024
BP Capital Markets BV 0.933 12/4/2040 EUR 61.390
Unibail-Rodamco-Westf 1.750 7/1/2049 EUR 58.037
Atento Luxco 1 SA 8.000 2/10/2026 USD 0.001
Aroundtown SA 4.750 3/27/2032 USD 67.451
Nordea Kredit Realkre 1.000 10/1/2050 DKK 69.845
DZ Bank AG Deutsche Z 4.97211/24/2031 EUR 58.395
LEG Immobilien SE 1.62511/28/2034 EUR 72.159
Holcim Sterling Finan 2.250 4/4/2034 GBP 72.095
Magnolia Bostad AB 11.876 5/19/2026 SEK 66.000
Annington Funding PLC 3.935 7/12/2047 GBP 70.900
Nationwide Building S 0.500 5/5/2041 EUR 61.436
AstraZeneca PLC 2.125 8/6/2050 USD 58.546
VEON Holdings BV 3.37511/25/2027 USD 72.446
Tritax Big Box REIT P 1.50011/27/2033 GBP 67.902
Altice France Holding 10.500 5/15/2027 USD 52.878
Nykredit Realkredit A 1.500 10/1/2050 DKK 74.912
FF Group Finance Luxe 1.750 7/3/2019 EUR 5.729
Shell International F 0.875 11/8/2039 EUR 64.661
Lukoil Securities BV 3.875 5/6/2030 USD 72.461
Enel Finance Internat 1.250 1/17/2035 EUR 75.411
Wellcome Trust Ltd/Th 2.517 2/7/2118 GBP 51.109
Muenchener Hypotheken 0.010 11/2/2040 EUR 57.076
Espirito Santo Financ 9.75012/19/2025 EUR 0.562
Nederlandse Waterscha 0.500 4/26/2051 EUR 48.409
Croatia Government Bo 1.250 3/3/2040 EUR 66.437
A2A SpA 1.000 11/2/2033 EUR 73.747
Orange SA 1.375 9/4/2049 EUR 66.132
Northern Powergrid No 3.250 4/1/2052 GBP 68.056
Clarion Funding PLC 3.125 4/19/2048 GBP 65.539
Sibur Securities DAC 2.950 7/8/2025 USD 65.515
Cadent Finance PLC 2.625 9/22/2038 GBP 67.082
Credit Bank of Moscow 4.700 1/29/2025 USD 35.110
Deutsche Bahn Finance 0.875 6/23/2039 EUR 68.476
Caixa Economica Monte 6.679 EUR 75.000
Travelex Financing PL 8.000 5/15/2022 EUR 0.161
Credit Agricole SA 2.811 1/11/2041 USD 64.441
Telefonica Emisiones 1.864 7/13/2040 EUR 72.916
Cullinan Holdco Scsp 4.62510/15/2026 EUR 74.898
Ministeries Van de Vl 0.12510/15/2035 EUR 68.426
Ville de Paris 0.45010/20/2045 EUR 52.418
Heineken NV 1.750 5/7/2040 EUR 75.571
Suek Securities DAC 3.375 9/15/2026 USD 70.507
Societe Du Grand Pari 0.70010/15/2060 EUR 37.777
Commune de Marseille 0.50912/17/2041 EUR 58.456
Hacienda Investments 5.350 2/8/2028 USD 57.361
ABN AMRO Bank NV 1.125 4/23/2039 EUR 71.587
Republic of Belarus I 6.875 2/28/2023 USD 38.230
Yuksel Insaat AS 9.50011/10/2015 USD 0.492
GTLK Europe Capital D 4.949 2/18/2026 USD 19.136
Alno AG 8.000 3/21/2019 EUR 16.300
LSEGA Financing PLC 3.200 4/6/2041 USD 73.383
Cadent Finance PLC 3.125 3/21/2040 GBP 70.480
Lloyds Banking Group 4.344 1/9/2048 USD 73.560
Holcim Finance Luxemb 1.375 10/8/2036 EUR 65.873
Engie SA 1.25010/24/2041 EUR 62.254
EWE AG 0.37510/22/2032 EUR 74.208
Societe Du Grand Pari 0.300 9/2/2036 EUR 67.225
Severn Trent Utilitie 2.000 6/2/2040 GBP 60.822
Orpea SA 2.20012/15/2024 EUR 22.901
NRW Bank 0.100 7/9/2035 EUR 70.622
University of Liverpo 3.375 6/25/2055 GBP 71.801
Wales & West Utilitie 1.875 5/28/2041 GBP 57.994
National Gas Transmis 1.125 1/14/2033 GBP 68.232
Intesa Sanpaolo SpA 4.700 9/23/2049 USD 65.224
Intesa Sanpaolo SpA 4.375 1/12/2048 USD 66.577
Landwirtschaftliche R 0.62510/31/2036 EUR 73.738
Realkredit Danmark A/ 1.000 10/1/2053 DKK 58.871
Latvia Government Int 2.250 2/15/2047 EUR 72.711
Finland Government Bo 0.250 9/15/2040 EUR 62.271
Avangardco Investment 10.00010/29/2018 USD 0.109
Segro Capital Sarl 0.500 9/22/2031 EUR 74.821
Hera SpA 1.000 4/25/2034 EUR 74.797
Saltaire Finance PLC 1.52711/23/2051 GBP 47.980
Cardea Europe AG 7.250 12/8/2023 EUR 1.900
Lukoil Capital DAC 3.60010/26/2031 USD 72.000
Dexia Credit Local SA 5.732 EUR 2.235
Credit Bank of Moscow 7.625 USD 25.456
Finland Government Bo 0.500 4/15/2043 EUR 61.259
Solocal Group 10.845 3/15/2025 EUR 19.903
Barclays Bank PLC 12.000 9/24/2025 TRY 68.040
Rallye SA 3.250 2/28/2032 CHF 0.125
Segro PLC 2.87510/11/2037 GBP 73.938
Nestle Finance Intern 0.375 12/3/2040 EUR 62.061
Thermo Fisher Scienti 1.62510/18/2041 EUR 69.941
Grand City Properties 2.00010/25/2032 EUR 64.206
Gol Finance SA 8.000 6/30/2026 USD 42.288
Alfa Bank AO Via Alfa 5.900 USD 9.146
Engie SA 1.375 6/21/2039 EUR 67.872
Derwent London PLC 1.87511/17/2031 GBP 74.559
Nederlandse Waterscha 0.375 9/28/2046 EUR 52.822
Vedanta Resources Fin 8.950 3/11/2025 USD 71.878
Lehman Brothers UK Ca 5.750 EUR 7.000
United Utilities Wate 1.750 2/10/2038 GBP 63.306
Banco Espirito Santo 6.610 EUR 1.325
Nitrogenmuvek Vegyipa 7.000 5/14/2025 EUR 63.863
Lithuania Government 0.750 7/15/2051 EUR 46.824
Hacienda Investments 5.075 2/15/2023 USD 23.137
ABN AMRO Bank NV 0.625 1/24/2037 EUR 70.836
Bulgaria Government B 0.100 8/17/2031 BGN 71.604
Peabody Capital No 2 3.250 9/14/2048 GBP 66.828
Polyus Finance PLC 3.25010/14/2028 USD 60.615
Societe Nationale SNC 1.000 5/25/2040 EUR 65.916
Heimstaden Bostad AB 2.800 5/4/2035 EUR 52.840
Allergan Funding SCS 4.750 3/15/2045 USD 73.593
Saltaire Finance PLC 2.711 5/9/2052 GBP 64.967
Royalty Pharma PLC 3.550 9/2/2050 USD 66.162
Pandion AG 5.500 2/5/2026 EUR 72.661
Shell International F 3.125 11/7/2049 USD 69.436
Martlet Homes Ltd 3.000 5/9/2052 GBP 65.145
JAB Holdings BV 4.500 4/8/2052 USD 73.983
Catena Media PLC 12.065 SEK 71.135
Eversholt Funding PLC 3.529 8/7/2042 GBP 74.093
CPI Property Group SA 2.696 3/21/2027 EUR 74.530
Volkswagen Internatio 1.500 1/21/2041 EUR 66.495
Espirito Santo Financ 6.87510/21/2019 EUR 0.136
GlaxoSmithKline Capit 1.625 5/12/2035 GBP 71.116
DSV Finance BV 0.875 9/17/2036 EUR 70.342
Kommunekredit 0.010 5/4/2034 EUR 73.082
Clarion Funding PLC 1.875 1/22/2035 GBP 69.662
TotalEnergies Capital 1.618 5/18/2040 EUR 73.589
Saderea DAC 12.50011/30/2026 USD 41.771
State of Schleswig-Ho 0.200 8/15/2039 EUR 62.949
Paragon Treasury Plc 2.000 5/7/2036 GBP 66.987
Medtronic Global Hold 1.62510/15/2050 EUR 60.970
Genfit SA 3.50010/16/2025 EUR 25.108
Scottish Hydro Electr 2.250 9/27/2035 GBP 72.777
Medtronic Global Hold 1.37510/15/2040 EUR 67.825
BAWAG PSK Bank fuer A 0.375 3/25/2041 EUR 59.510
Nordea Kredit Realkre 1.000 10/1/2053 DKK 73.405
Chancellor Masters & 2.350 6/27/2078 GBP 55.815
European Financial St 1.375 5/31/2047 EUR 68.514
Prologis Internationa 0.750 3/23/2033 EUR 72.787
Italgas SpA 0.500 2/16/2033 EUR 73.522
European Financial St 2.000 2/28/2056 EUR 72.681
Sovereign Housing Cap 2.375 11/4/2048 GBP 57.542
Sovcombank Via SovCom 7.600 USD 4.036
Alno AG 8.500 5/14/2018 EUR 15.628
Banco Espirito Santo 7.12511/28/2023 EUR 0.397
A2A SpA 0.62510/28/2032 EUR 74.120
Syngenta Finance NV 4.375 3/28/2042 USD 69.810
Realkredit Danmark A/ 2.000 10/1/2053 DKK 70.604
Deutsche Bahn Finance 0.750 7/16/2035 EUR 73.693
Russian Federal Bond 6.100 7/18/2035 RUB 65.553
Nationale-Nederlanden 0.05011/12/2040 EUR 58.195
Credit Bank of Moscow 7.500 10/5/2027 USD 21.675
EYEMAXX Real Estate A 5.500 4/26/2023 EUR 1.313
DH Europe Finance II 1.800 9/18/2049 EUR 66.286
AOC I Die Stadtentwic 7.500 4/8/2027 EUR 50.241
London & Quadrant Hou 3.125 2/28/2053 GBP 63.247
City of Bern Switzerl 0.040 10/2/2070 CHF 57.273
European Financial St 1.800 7/10/2048 EUR 73.595
LEG Immobilien SE 0.875 3/30/2033 EUR 72.116
Alfa Bank AO Via Alfa 6.950 USD 8.466
Land Baden-Wuerttembe 0.12511/19/2040 EUR 59.498
Investor AB 0.37510/29/2035 EUR 68.939
Region Occitanie 0.72711/16/2037 EUR 69.523
State of North Rhine- 1.550 6/16/2048 EUR 69.674
Debenhams PLC 5.250 7/15/2021 GBP 0.529
Platform HG Financing 1.926 9/15/2041 GBP 61.842
National Grid Electri 2.000 4/17/2040 GBP 60.518
Guinness Partnership 2.000 4/22/2055 GBP 47.725
Yorkshire Water Finan 1.75010/27/2032 GBP 71.191
Region de Bruxelles-C 1.121 5/11/2071 EUR 41.530
Thames Water Utilitie 4.625 6/4/2046 GBP 75.060
Mondelez Internationa 1.250 9/9/2041 EUR 66.196
Luzerner Kantonalbank 0.16012/23/2043 CHF 75.630
JSM Global Sarl 4.75010/20/2030 USD 13.300
Braskem Netherlands F 5.875 1/31/2050 USD 70.935
Orbit Capital PLC 3.500 3/24/2045 GBP 72.171
Virgolino de Oliveira 10.500 1/28/2018 USD 0.172
Equinor ASA 3.25011/18/2049 USD 71.588
Metalloinvest Finance 3.37510/22/2028 USD 54.898
Siemens Financierings 2.875 3/11/2041 USD 72.983
BNG Bank NV 0.25011/22/2036 EUR 68.459
Church Commissioners 3.625 7/14/2052 GBP 75.274
Deutsche Bank AG 4.50011/27/2030 TRY 30.553
Vnesheconombank Via V 6.80011/22/2025 USD 6.584
Land Berlin 0.125 6/4/2035 EUR 71.636
ESFIL-Espirito Santo 5.250 6/12/2015 EUR 0.149
Realkredit Danmark A/ 1.500 10/1/2053 DKK 72.689
BPCE SFH SA 0.500 1/23/2035 EUR 73.826
Rallye SA 5.250 2/28/2032 EUR 0.067
Immigon Portfolioabba 10.138 EUR 17.146
Deutsche Konsum REIT- 1.350 1/30/2025 EUR 70.678
State of North Rhine- 0.500 1/15/2052 EUR 47.714
Deutsche Wohnen SE 1.300 4/7/2041 EUR 61.142
City of Lugano Switze 0.15011/28/2070 CHF 56.727
NRW Bank 1.250 3/21/2044 EUR 68.579
MMC Norilsk Nickel OJ 3.37510/28/2024 USD 71.500
Berner Kantonalbank A 0.100 9/30/2039 CHF 75.736
Realkredit Danmark A/ 1.000 10/1/2050 DKK 69.753
Thames Water Utilitie 1.760 8/28/2062 GBP 58.187
Parnassia Groep BV 1.200 12/1/2051 EUR 69.220
SCF Capital Designate 3.850 4/26/2028 USD 65.723
Societe Du Grand Pari 1.000 2/18/2070 EUR 39.227
Privatbank CJSC Via U 10.250 1/23/2018 USD 0.626
Pro-Gest SpA 3.25012/15/2024 EUR 53.905
Karlou BV 7.750 6/18/2024 USD 11.529
adidas AG 0.625 9/10/2035 EUR 73.384
UkrLandFarming PLC 10.875 3/26/2018 USD 2.398
European Financial St 1.200 2/17/2045 EUR 68.031
Luzerner Kantonalbank 0.150 10/7/2044 CHF 74.501
BNP Paribas SA 0.500 9/29/2029 AUD 70.518
East Slope Residencie 0.100 2/28/2062 GBP 59.982
Alitalia-Societa Aere 5.250 7/30/2020 EUR 0.050
Societe Du Grand Pari 1.625 4/8/2042 EUR 72.034
La Poste SA 0.625 1/18/2036 EUR 70.212
InterCement Financial 5.750 7/17/2024 USD 67.238
CCEP Finance Ireland 1.500 5/6/2041 EUR 69.366
Bulgaria Government B 1.500 6/21/2039 BGN 54.878
Realkredit Danmark A/ 1.000 10/1/2053 DKK 73.227
CPI Hungary Investmen 2.250 8/7/2030 HUF 59.000
Prosus NV 3.832 2/8/2051 USD 60.044
Ilija Batljan Invest 10.827 SEK 3.400
Perrigo Co PLC 5.30011/15/2043 USD 71.495
TMK OAO Via TMK Capit 4.300 2/12/2027 USD 65.106
Offshore Drilling Hol 8.375 9/20/2020 USD 1.250
Muenchener Hypotheken 0.250 5/2/2036 EUR 69.560
Atos SE 1.125 4/17/2026 EUR 55.016
Bourbon Corp SA 11.652 EUR 0.904
Communaute Francaise 0.625 6/11/2035 EUR 72.623
RTE Reseau de Transpo 1.125 9/9/2049 EUR 59.481
National Grid Electri 1.625 10/7/2035 GBP 66.032
Veganz Group AG 7.500 2/24/2025 EUR 74.440
Agence Francaise de D 0.375 5/25/2036 EUR 68.804
Argenta Spaarbank NV 0.500 10/8/2041 EUR 60.149
Orbit Capital PLC 3.375 6/14/2048 GBP 68.847
Hexagon Housing Assoc 3.625 4/22/2048 GBP 68.103
National Grid Electri 2.000 9/16/2038 GBP 63.074
Blend Funding PLC 3.459 9/21/2047 GBP 72.435
B2W Digital Lux Sarl 4.37512/20/2030 USD 14.000
Saleza AS 9.000 7/12/2021 EUR 0.203
TBI Bank EAD 5.250 7/30/2031 EUR 52.028
NPC Ukrenergo 6.875 11/9/2028 USD 26.233
Banca Popolare di Vic 2.82112/20/2017 EUR 0.396
Transcapitalbank JSC 10.000 USD 1.130
Manchester Airport Gr 2.875 3/31/2039 GBP 70.871
EYEMAXX Real Estate A 5.500 9/24/2024 EUR 1.354
Interpipe Holdings PL 8.375 5/13/2026 USD 73.414
Barclays Bank PLC 2.700 6/1/2032 USD 76.565
Muenchener Hypotheken 0.01010/19/2039 EUR 59.117
Virgolino de Oliveira 11.750 2/9/2022 USD 0.425
VTR Finance NV 6.375 7/15/2028 USD 17.266
Jyske Realkredit A/S 1.500 10/1/2053 DKK 72.705
UK Municipal Bonds Ag 1.625 8/26/2060 GBP 39.373
Assura Financing PLC 1.625 6/30/2033 GBP 70.021
Region Wallonne Belgi 0.500 6/22/2037 EUR 66.942
National Grid Electri 0.87211/26/2040 EUR 61.435
SCF Capital Designate 5.375 6/16/2023 USD 73.041
Herens Midco Sarl 5.250 5/15/2029 EUR 57.325
Platform HG Financing 1.625 8/10/2055 GBP 43.887
BNG Bank NV 0.125 7/9/2035 EUR 70.883
Lehman Brothers UK Ca 3.875 EUR 32.757
Alfa Bank AO Via Alfa 5.50010/26/2031 USD 0.618
EIG Pearl Holdings Sa 4.38711/30/2046 USD 74.716
Junta de Castilla y L 1.275 4/7/2049 EUR 54.156
Motability Operations 2.125 1/18/2042 GBP 63.180
SNCF Reseau 2.000 2/5/2048 EUR 69.857
Telenor ASA 0.875 2/14/2035 EUR 74.888
DWR Cymru Financing U 1.375 3/31/2033 GBP 71.641
Orpea SA 2.56411/30/2027 EUR 23.502
Nederlandse Waterscha 0.125 9/3/2035 EUR 70.433
ABN AMRO Bank NV 0.400 9/17/2041 EUR 58.988
Sovcombank Via SovCom 7.750 USD 1.301
KTG Agrar SE 7.125 6/6/2017 EUR 0.515
Ministeries Van de Vl 1.000 1/23/2051 EUR 53.965
PIK Securities DAC 5.62511/19/2026 USD 47.369
South Eastern Power N 1.750 9/30/2034 GBP 70.789
Affinity Water Financ 3.278 8/22/2042 GBP 66.424
Chancellor Masters & 0.250 6/27/2068 GBP 54.750
Ukraine Government In 7.750 8/1/2041 USD 43.903
Societe Nationale SNC 1.000 1/19/2061 EUR 40.470
Ukraine Government Bo 12.520 5/13/2026 UAH 73.826
DH Europe Finance II 1.350 9/18/2039 EUR 70.722
Jigsaw Funding PLC 3.375 5/5/2052 GBP 70.775
Petrobras Global Fina 4.500 2/4/2033 EUR 62.483
Nostrum Oil & Gas Fin 5.000 6/30/2026 USD 69.150
Anglo American Capita 3.950 9/10/2050 USD 72.778
Nordea Kredit Realkre 0.500 10/1/2050 DKK 70.030
Autonomous Community 1.850 5/13/2061 EUR 53.103
Espirito Santo Financ 3.125 12/2/2018 EUR 0.215
WD Invest Sarl 1.900 10/2/2024 EUR 12.724
SABIC Capital I BV 3.000 9/14/2050 USD 64.968
Veneto Banca SpA 9.878 12/1/2025 EUR 0.635
SES SA 5.300 4/4/2043 USD 70.524
Cooperatieve Rabobank 0.50010/29/2027 MXN 66.770
Credit Bank of Moscow 5.550 2/14/2023 USD 23.584
Nederlandse Waterscha 1.900 1/31/2035 AUD 68.323
DH Europe Finance II 3.40011/15/2049 USD 73.529
Hellas Telecommunicat 6.054 1/15/2015 USD 0.016
Motability Operations 2.375 7/3/2039 GBP 69.384
JAB Holdings BV 2.25012/19/2039 EUR 72.322
Steilmann SE 7.000 9/23/2018 EUR 1.429
Land Securities Capit 2.750 9/22/2059 GBP 57.374
Landesbank Hessen-Thu 0.500 1/19/2037 EUR 70.143
Samhallsbyggnadsbolag 6.400 8/27/2025 NOK 71.190
Credit Agricole SA 2.811 1/11/2041 USD 64.922
Russian Foreign Bond 5.875 9/16/2043 USD 62.539
Cardiff University 3.000 12/7/2055 GBP 66.356
Nordea Kredit Realkre 1.500 10/1/2053 DKK 63.844
Realkredit Danmark A/ 1.000 10/1/2053 DKK 68.238
Jyske Realkredit A/S 2.000 10/1/2053 DKK 70.613
Heimstaden Bostad AB 2.800 5/4/2035 EUR 52.682
TotalEnergies Capital 1.535 5/31/2039 EUR 74.647
Annington Funding PLC 2.308 10/6/2032 GBP 73.472
Region Wallonne Belgi 1.050 6/22/2040 EUR 66.479
Home Credit & Finance 8.800 USD 5.354
Nykredit Realkredit A 0.500 10/1/2050 DKK 64.815
Prologis Internationa 3.000 2/22/2042 GBP 68.725
Euronext NV 1.500 5/17/2041 EUR 70.335
Zurich Finance Irelan 2.250 12/8/2031 USD 73.690
National Gas Transmis 1.625 1/14/2043 GBP 51.522
Banca Popolare di Vic 9.500 9/29/2025 EUR 0.380
Kommunekredit 0.125 9/26/2040 EUR 59.851
Kuntarahoitus Oyj 0.050 9/10/2035 EUR 70.272
Nykredit Realkredit A 0.500 10/1/2050 DKK 70.013
Nordea Kredit Realkre 1.500 10/1/2053 DKK 72.693
Dexia SA 5.752 EUR 2.750
Paper Industries Inte 9.975 3/1/2025 EUR 71.845
Hyde Housing Associat 1.750 8/18/2055 GBP 44.924
Cie de Financement Fo 0.60010/25/2041 EUR 62.093
Altice France SA/Fran 4.25010/15/2029 EUR 71.888
Swan Housing Capital 3.625 3/5/2048 GBP 71.443
Zurcher Kantonalbank 10.00010/25/2024 CHF 70.480
Chelyabinsk Pipe Plan 4.500 9/19/2024 USD 60.728
Bromford Housing Grou 3.125 5/3/2048 GBP 68.379
European Financial St 0.050 1/18/2052 EUR 40.087
Societe Du Grand Pari 0.875 5/10/2046 EUR 55.917
Russian Foreign Bond 4.250 6/23/2027 USD 52.923
DWR Cymru Financing U 2.375 3/31/2034 GBP 70.179
Housing & Care 21 3.288 11/8/2049 GBP 67.555
Nykredit Realkredit A 0.500 10/1/2053 DKK 62.664
State of North Rhine- 0.600 6/4/2041 EUR 63.861
Nostrum Oil & Gas Fin 7.000 2/16/2025 USD 24.315
State of Bremen 0.150 9/14/2040 EUR 59.497
Metropolitan Housing 1.875 7/28/2036 GBP 66.635
State of Bremen 0.400 8/20/2049 EUR 48.642
3i Group PLC 3.750 6/5/2040 GBP 73.885
Raiffeisen-Landesbank 0.500 5/27/2041 EUR 60.340
Nordea Kredit Realkre 2.000 10/1/2053 DKK 70.602
State of North Rhine- 0.200 1/27/2051 EUR 43.444
Sovcombank Via SovCom 3.400 1/26/2025 USD 3.095
Societe Generale SA 13.500 8/23/2024 USD 49.700
Societa di Progetto B 3.37512/31/2038 EUR 73.458
Linde PLC 0.375 9/30/2033 EUR 74.452
European Financial St 1.750 7/17/2053 EUR 69.172
RTE Reseau de Transpo 1.125 7/8/2040 EUR 67.901
Metinvest BV 7.75010/17/2029 USD 59.250
Realkredit Danmark A/ 1.500 10/1/2050 DKK 74.916
SRV Group Oyj 4.875 EUR 40.000
Nats En Route PLC 1.750 9/30/2033 GBP 73.732
Jyske Realkredit A/S 1.000 10/1/2053 DKK 73.192
Blend Funding PLC 2.922 4/5/2054 GBP 60.893
Credit Bank of Moscow 7.121 6/25/2024 USD 23.530
Sibur Securities DAC 3.450 9/23/2024 USD 74.293
DWR Cymru Financing U 2.500 3/31/2036 GBP 73.689
Avanti Communications 9.000 10/1/2022 USD 13.750
Erste Group Bank AG 0.500 1/12/2037 EUR 69.084
Havila Shipping ASA 8.470 1/2/2025 NOK 44.544
Raiffeisenlandesbank 1.650 8/23/2046 EUR 72.115
Cooperatieve Rabobank 0.50010/30/2043 MXN 13.132
Niedersachsen Invest 0.250 7/16/2035 EUR 73.135
Allergan Funding SCS 4.850 6/15/2044 USD 75.335
Catalyst Housing Ltd 3.12510/31/2047 GBP 65.494
Northern Powergrid Yo 2.250 10/9/2059 GBP 50.639
EYEMAXX Real Estate A 5.500 7/22/2025 EUR 19.409
City of Lausanne Swit 0.540 11/6/2062 CHF 73.694
Lithuania Government 2.100 5/26/2047 EUR 72.979
Bayerische Landesbank 1.550 2/13/2040 EUR 48.724
Intesa Sanpaolo SpA 1.400 2/8/2031 GBP 70.192
Realkredit Danmark A/ 0.500 10/1/2050 DKK 70.007
Aegon Bank NV 0.375 6/9/2036 EUR 69.754
Prosus NV 4.987 1/19/2052 USD 71.177
Sidetur Finance BV 10.000 4/20/2016 USD 0.515
Vedanta Resources Ltd 6.125 8/9/2024 USD 63.263
Kreditanstalt fuer Wi 0.375 5/20/2036 EUR 72.314
OGX Austria GmbH 8.375 4/1/2022 USD 0.016
BNG Bank NV 0.87510/24/2036 EUR 75.271
Jyske Realkredit A/S 1.500 10/1/2050 DKK 74.922
Cooperatieve Rabobank 0.750 6/21/2039 EUR 68.161
Raiffeisenlandesbank 0.998 11/4/2033 EUR 73.729
Ministeries Van de Vl 1.500 4/11/2044 EUR 68.669
Clarion Funding PLC 1.875 9/7/2051 GBP 46.899
London & Quadrant Hou 3.75010/27/2049 GBP 71.684
States of Guernsey Bo 3.37512/12/2046 GBP 74.028
British Telecommunica 4.250 11/8/2049 USD 75.183
Russian Federal Bond 5.900 3/12/2031 RUB 72.795
AI Candelaria Spain S 5.750 6/15/2033 USD 73.851
Credit Agricole Itali 0.125 3/15/2033 EUR 72.574
Vier Gas Transport Gm 0.500 9/10/2034 EUR 70.109
nextbike GmbH 6.000 3/31/2025 EUR 50.000
Senivita Social Estat 6.500 5/12/2025 EUR 3.860
Raiffeisenlandesbank 0.500 1/22/2035 EUR 73.307
Channel Link Enterpri 3.848 6/30/2050 GBP 65.908
blueplanet Investment 5.500 2/26/2026 EUR 0.080
Futures Treasury PLC 3.375 2/8/2044 GBP 73.257
Kommunekredit 0.62511/21/2039 EUR 68.178
Lehman Brothers UK Ca 6.900 USD 3.986
Abengoa Abenewco 2 SA 1.50010/26/2024 USD 1.150
Ukraine Government In 6.876 5/21/2031 USD 23.272
Deutsche Bahn Finance 3.350 1/20/2042 AUD 68.487
Air Liquide Finance S 3.500 9/27/2046 USD 75.215
Societe Du Grand Pari 1.700 5/25/2050 EUR 64.813
Deutsche Lichtmiete A 5.250 9/1/2025 EUR 0.400
Cie Generale des Etab 0.625 11/2/2040 EUR 62.205
DLR Kredit A/S 1.000 10/1/2053 DKK 74.933
Salerno Pompei Napoli 2.800 1/19/2045 EUR 71.995
Ile-de-France Mobilit 0.67511/24/2036 EUR 70.762
Hylea Group SA 7.250 12/1/2022 EUR 0.060
Deutsche Lichtmiete A 5.250 2/1/2027 EUR 0.400
BPCE SA 3.58210/19/2042 USD 65.791
Realkredit Danmark A/ 1.500 10/1/2053 DKK 63.822
Bayerische Landesbode 0.250 3/21/2036 EUR 70.730
Muenchener Hypotheken 1.000 4/18/2039 EUR 72.174
Gol Finance SA 7.000 1/31/2025 USD 40.319
Atari SA 6.500 7/31/2026 EUR 0.120
Aragvi Finance Intern 8.450 4/29/2026 USD 68.042
Mallinckrodt Internat 10.000 4/15/2025 USD 6.643
State of Bremen 0.450 2/24/2051 EUR 47.860
Abengoa Abenewco 2 SA 1.50010/26/2024 USD 0.009
Banco Santander SA 6.199 EUR 2.348
O1 Properties Finance 0.500 9/27/2028 USD 5.261
Yandex NV 0.750 9/13/2022 USD 69.375
State of Lower Saxony 0.050 3/9/2035 EUR 71.598
Wessex Water Services 1.250 1/12/2036 GBP 59.896
Rallye SA 4.000 2/28/2032 CHF 0.135
Petrobras Global Fina 4.750 4/2/2038 EUR 47.965
Development Bank of t 6.750 5/2/2024 USD 41.390
Jyske Realkredit A/S 1.500 10/1/2053 DKK 63.817
Penarian Housing Fina 3.212 6/7/2052 GBP 67.460
NRW Bank 0.500 6/17/2041 EUR 62.155
Cyprus Government Int 2.250 4/16/2050 EUR 69.631
Jyske Realkredit A/S 1.000 10/1/2053 DKK 68.265
Grand City Properties 2.500 6/27/2039 EUR 64.763
Stichting Afwikkeling 6.250 EUR 67.625
Altice France Holding 8.000 5/15/2027 EUR 47.975
Pentracor GmbH 8.500 5/29/2025 EUR 0.152
Nederlandse Waterscha 0.955 2/13/2051 EUR 55.975
Land Securities Capit 2.625 9/22/2037 GBP 73.158
Santander UK Group Ho 5.625 9/15/2045 USD 76.274
La Banque Postale Hom 0.250 2/12/2035 EUR 71.522
Russian Federal Bond 7.000 7/30/2036 RUB 70.100
RHP Finance PLC 3.250 2/5/2048 GBP 71.097
de Volksbank NV 0.12511/19/2040 EUR 57.003
BAWAG PSK Bank fuer A 0.01011/19/2035 EUR 66.508
State of North Rhine- 0.750 8/16/2041 EUR 65.360
Romanian Government I 2.000 1/28/2032 EUR 73.942
Nordea Kredit Realkre 1.000 10/1/2053 DKK 68.272
London & Quadrant Hou 2.00010/20/2038 GBP 63.076
Intesa Sanpaolo SpA 2.50010/14/2031 USD 73.666
Caisse Francaise de F 1.555 2/12/2042 EUR 74.040
University of Leeds 3.12512/19/2050 GBP 70.528
New World Resources N 4.000 10/7/2020 EUR 0.897
European Financial St 0.700 1/17/2053 EUR 50.600
Agrokor dd 9.875 5/1/2019 EUR 15.000
Bilt Paper BV 10.360 USD 1.220
Ministeries Van de Vl 0.875 3/21/2046 EUR 57.165
United Utilities Wate 0.010 7/27/2040 GBP 62.845
Bayerische Landesbank 2.02010/14/2030 EUR 75.368
Siemens Financierings 3.300 9/15/2046 USD 73.209
Free and Hanseatic Ci 0.250 2/18/2041 EUR 60.334
Region de Bruxelles-C 1.500 6/22/2070 EUR 49.594
Magyar Export-Import 2.500 5/23/2029 HUF 73.273
SNCF Reseau 2.25012/20/2047 EUR 74.727
City of Zurich Switze 0.25011/24/2051 CHF 75.759
Liquid Telecommunicat 5.500 9/4/2026 USD 58.641
Herefordshire Capital 4.19311/28/2049 GBP 71.438
NAK Naftogaz Ukraine 7.625 11/8/2028 USD 46.703
Motability Operations 1.500 1/20/2041 GBP 57.642
Land Berlin 0.625 1/26/2052 EUR 50.296
German Pellets GmbH 7.25011/27/2019 EUR 1.267
Norwegian Air Shuttle 7.50011/10/2023 USD 73.375
Belano Medical AG 8.25012/14/2025 EUR 106.372
Eastern Power Network 1.875 6/1/2035 GBP 70.465
Land Berlin 0.12511/24/2045 EUR 50.180
Russian Federal Bond 7.100 5/15/2041 RUB 66.810
ACCIONA Financiacion 3.000 12/2/2039 EUR 74.983
Notting Hill Genesis 2.000 6/3/2036 GBP 67.696
Autonomous Community 1.25510/31/2048 EUR 54.209
de Volksbank NV 0.375 9/16/2041 EUR 58.778
State of North Rhine- 1.75010/26/2057 EUR 66.379
Land Berlin 0.100 1/18/2041 EUR 58.388
Fresnillo PLC 4.250 10/2/2050 USD 71.731
Deutsche Bahn Finance 2.005 6/7/2039 SEK 74.170
Caisse Francaise de F 0.500 10/1/2046 EUR 54.061
PCF GmbH 4.750 4/15/2026 EUR 69.744
National Grid Electri 1.657 7/28/2056 GBP 72.802
Turkiye Government Bo 9.100 2/16/2028 TRY 52.000
City of Lausanne Swit 0.230 11/1/2060 CHF 64.267
Region Wallonne Belgi 0.650 1/16/2051 EUR 45.964
Altice France SA/Fran 5.125 1/15/2029 USD 72.799
Dtek Renewables Finan 8.50011/12/2024 EUR 57.167
Vedanta Resources Fin 9.250 4/23/2026 USD 56.712
UniCredit Bank Austri 0.050 9/21/2035 EUR 67.846
Free State of Bavaria 0.010 1/18/2035 EUR 72.003
ESB Finance DAC 1.875 7/21/2035 GBP 70.372
University of Southam 2.250 4/11/2057 GBP 53.680
Island Offshore Shiph 9.990 6/30/2024 NOK 45.000
Citizen Treasury PLC 3.25010/20/2048 GBP 67.785
Ukraine Government In 6.750 6/20/2028 EUR 24.013
Terragon AG 6.500 5/24/2024 EUR 1.416
Lithuania Government 0.300 2/12/2032 EUR 72.874
Deutsche Lichtmiete A 5.750 12/1/2023 EUR 1.493
Santander Consumer Fi 8.250 EUR 92.858
ABN AMRO Bank NV 0.375 1/14/2035 EUR 73.105
Republic of Belarus I 5.875 2/24/2026 USD 34.712
BNG Bank NV 1.550 2/19/2032 AUD 74.824
Ukraine Government In 7.750 9/1/2026 USD 27.881
Basque Government 1.37510/31/2070 EUR 41.537
Eolo SpA 4.87510/21/2028 EUR 70.296
State of North Rhine- 0.50011/25/2039 EUR 65.645
Mallinckrodt Internat 10.000 6/15/2029 USD 6.624
Banco Espirito Santo 6.875 7/15/2016 EUR 20.000
Agence Francaise de D 1.125 3/2/2037 EUR 75.016
Nordea Kredit Realkre 0.500 10/1/2050 DKK 64.941
Cooperatieve Rabobank 0.500 7/30/2043 MXN 15.203
Gecci Investment KG 5.750 8/1/2025 EUR 15.052
Commune de Marseille 0.49812/17/2040 EUR 60.247
J&T Banka AS 7.000 EUR 70.498
Department of Gironde 0.765 4/29/2036 EUR 68.522
Samhallsbyggnadsbolag 5.23112/18/2025 SEK 70.138
Metinvest BV 7.650 10/1/2027 USD 62.802
Societe Du Grand Pari 1.00011/26/2051 EUR 50.980
Virgolino de Oliveira 10.500 1/28/2018 USD 0.172
Altice France SA/Fran 3.375 1/15/2028 EUR 73.393
Codere Finance 2 Luxe 11.000 9/30/2026 EUR 60.423
Gazprom PJSC via Gaz 2.950 1/27/2029 USD 63.109
Scottish Hydro Electr 2.125 3/24/2036 GBP 70.305
NRW Bank 1.200 3/28/2039 EUR 74.551
UBS AG/London 5.07011/23/2025 EUR 58.500
Cadent Finance PLC 2.25010/10/2035 GBP 69.464
Norske Skogindustrier 7.00012/30/2026 EUR 0.010
Ukraine Government In 7.253 3/15/2035 USD 23.585
DLR Kredit A/S 1.000 10/1/2053 DKK 69.853
JAB Holdings BV 3.750 5/28/2051 USD 63.167
State of North Rhine- 1.450 2/16/2043 EUR 72.831
MMC Norilsk Nickel OJ 2.550 9/11/2025 USD 72.717
European Financial St 0.700 1/20/2050 EUR 54.209
SNCF Reseau 0.750 5/25/2036 EUR 72.386
Eurovita SpA 6.00012/22/2025 EUR 36.889
TechnipFMC PLC 3.750 10/7/2033 EUR 71.561
Deutsche Telekom AG 3.625 1/21/2050 USD 75.035
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 1.537
Steilmann SE 6.750 6/27/2017 EUR 2.184
Deutsche Pfandbriefba 1.000 12/2/2030 EUR 72.204
Landwirtschaftliche R 0.01011/26/2040 EUR 57.960
Abengoa Abenewco 2 Bi 1.500 4/26/2024 USD 0.584
Region of Pays de la 0.924 11/4/2044 EUR 57.284
British Telecommunica 1.739 6/25/2039 GBP 72.091
Karbon Homes Ltd 3.37511/15/2047 GBP 72.920
Cirio Finanziaria SpA 8.00012/21/2005 EUR 0.478
Aroundtown SA 2.970 9/26/2033 EUR 59.185
Assistance Publique H 1.75011/27/2041 EUR 74.305
Russian Foreign Bond 5.100 3/28/2035 USD 35.938
Polyus Finance PLC 3.25010/14/2028 USD 60.615
Nordea Kredit Realkre 1.000 10/1/2053 DKK 58.888
Transports Publics Du 0.45012/29/2056 CHF 68.907
AXA Bank Europe SCF 0.250 6/9/2040 EUR 60.211
Cirio Holding Luxembo 6.250 2/16/2004 EUR 1.900
SAG Solarstrom AG 6.25012/14/2015 EUR 31.000
Norske Skogindustrier 2.00012/30/2115 EUR 0.367
Jyske Realkredit A/S 0.500 10/1/2053 DKK 62.711
Goldman Sachs Interna 16.288 3/17/2027 USD 40.280
German Pellets GmbH 7.250 7/9/2018 EUR 1.267
Voyage Care BondCo PL 5.875 2/15/2027 GBP 73.807
SES SA 5.300 4/4/2043 USD 70.627
NRW Bank 1.250 5/13/2049 EUR 62.919
Action Logement Servi 0.50010/30/2034 EUR 73.614
Credit Agricole Itali 0.750 1/20/2042 EUR 59.384
Societe Generale SA 10.000 6/28/2034 USD 71.600
Fastighets AB Balder 1.293 3/3/2031 EUR 60.805
Finmek International 7.000 12/3/2004 EUR 2.193
British Telecommunica 1.774 6/25/2042 GBP 72.504
Nostrum Oil & Gas Fin 8.000 7/25/2022 USD 25.933
Hungary Government In 3.125 9/21/2051 USD 61.521
European Primary Plac 1.732 11/9/2055 GBP 45.350
Bank Nadra Via NDR Fi 8.250 7/31/2018 USD 0.208
MHP Lux SA 6.250 9/19/2029 USD 63.427
Privatbank CJSC Via U 10.875 2/28/2018 USD 8.704
Norwegian Air Shuttle 7.137 2/7/2023 SEK 72.356
Intrum AB 3.000 9/15/2027 EUR 70.223
Espirito Santo Financ 5.05011/15/2025 EUR 0.389
DekaBank Deutsche Gir 0.400 1/29/2035 EUR 74.294
HYPO NOE Landesbank f 1.605 8/23/2046 EUR 73.724
Kreditanstalt fuer Wi 1.00010/19/2050 EUR 59.609
Orpea SA 2.000 8/9/2029 EUR 23.536
Ukraine Government In 7.750 9/1/2025 USD 29.775
Home Group Ltd 3.125 3/27/2043 GBP 68.218
State of Saxony-Anhal 0.500 3/24/2051 EUR 49.293
State of Bremen 0.550 2/4/2050 EUR 50.439
Action Logement Servi 0.750 7/19/2041 EUR 61.577
Prosus NV 4.027 8/3/2050 USD 62.521
Abengoa Abenewco 1 SA 6.000 6/10/2022 EUR 0.454
Free and Hanseatic Ci 0.40011/23/2051 EUR 46.185
Solon SE 1.375 12/6/2012 EUR 0.745
Agence Francaise de D 0.500 5/31/2035 EUR 73.193
Deutsche Bank AG 0.65011/30/2048 EUR 47.784
Celtic Resources Hold 4.125 10/9/2024 USD 14.533
CaixaBank SA 4.000 7/7/2042 EUR 75.306
Stonewater Funding PL 1.625 9/10/2036 GBP 65.706
Barclays Bank PLC 0.500 1/28/2033 MXN 41.172
Altice France SA/Fran 4.000 7/15/2029 EUR 71.485
Kommunekredit 0.500 6/19/2039 DKK 65.199
Grupo Antolin-Irausa 3.500 4/30/2028 EUR 70.327
Sovcombank Via SovCom 8.000 4/7/2030 USD 7.738
MFB Magyar Fejlesztes 4.200 4/20/2033 HUF 74.300
Tennor Finance BV 5.750 6/17/2024 EUR 29.000
BNP Paribas SA 1.590 2/23/2051 EUR 62.980
National Grid Electri 0.010 3/26/2036 GBP 71.306
Free State of Saxony 0.400 5/12/2036 EUR 72.280
Communaute Francaise 2.300 4/25/2089 EUR 68.673
Caisse Francaise de F 0.625 1/20/2042 EUR 62.180
Land Berlin 0.350 9/9/2050 EUR 46.978
Nederlandse Waterscha 1.625 1/29/2048 EUR 71.495
Romanian Government I 2.000 4/14/2033 EUR 71.104
UniCredit Bank AG 0.010 1/21/2036 EUR 67.681
Paradigm Homes Charit 2.250 5/20/2051 GBP 55.127
Anglo American Capita 3.950 9/10/2050 USD 72.708
DekaBank Deutsche Gir 1.10011/25/2030 EUR 72.525
State of North Rhine- 1.00010/16/2046 EUR 62.594
LiveWest Treasury PLC 2.25010/10/2043 GBP 62.368
Cirio Finance Luxembo 7.500 11/3/2002 EUR 1.240
Nykredit Realkredit A 1.000 10/1/2056 DKK 65.676
Metropolitano de Tene 1.229 7/30/2036 EUR 71.626
Air Liquide Finance S 3.500 9/27/2046 USD 74.111
Romanian Government I 3.375 1/28/2050 EUR 62.134
Realkredit Danmark A/ 0.500 10/1/2053 DKK 67.921
Aroundtown SA 3.25011/12/2032 EUR 63.090
Aster Treasury Plc 1.405 1/27/2036 GBP 66.656
Chrome Holdco SAS 5.000 5/31/2029 EUR 70.250
Cooperatieve Rabobank 0.500 1/31/2033 MXN 39.398
Department of L'Eure 0.643 8/31/2041 EUR 57.939
London & Quadrant Hou 2.750 7/20/2057 GBP 56.110
Clarion Funding PLC 1.25011/13/2032 GBP 71.039
La Financiere Atalian 5.125 5/15/2025 EUR 72.175
Credit Suisse Interna 9.500 3/24/2026 UAH 61.990
Norske Skog Holding A 8.000 2/24/2021 EUR 0.006
Canary Wharf Group In 3.375 4/23/2028 GBP 66.552
State of Hesse 0.227 8/20/2049 EUR 49.990
BASF SE 1.025 8/13/2048 JPY 64.338
Region de Bruxelles-C 0.56212/23/2065 EUR 28.964
Gemeente Bergen OP Zo 0.440 9/20/2044 EUR 56.304
Veneto Banca SpA 6.411 EUR 0.345
ING-DiBa AG 1.000 5/23/2039 EUR 71.433
Moby SpA 7.750 2/15/2023 EUR 60.536
NRW Bank 1.000 6/24/2051 EUR 56.002
Societe Nationale SNC 2.842 3/31/2036 AUD 73.451
Onward Homes Ltd 2.125 3/25/2053 GBP 50.294
Aroundtown SA 2.70010/31/2028 EUR 74.297
Libra Longhurst Group 3.250 5/15/2043 GBP 69.579
DZ HYP AG 0.37511/10/2034 EUR 73.969
Joh Friedrich Behrens 6.250 6/18/2024 EUR 7.440
Caisse Francaise de F 0.375 2/13/2040 EUR 62.232
Russian Foreign Bond 5.250 6/23/2047 USD 30.934
Romanian Government I 4.000 2/14/2051 USD 66.887
Land Berlin 0.050 8/6/2040 EUR 58.556
AnaCap Financial Euro 8.968 8/1/2024 EUR 65.045
MMK International Cap 4.375 6/13/2024 USD 27.957
Russian Foreign Bond 4.375 3/21/2029 USD 49.451
Italy Buoni Poliennal 2.800 3/1/2067 EUR 68.450
JAB Holdings BV 4.500 4/8/2052 USD 72.723
A2Dominion Housing Gr 4.250 1/14/2039 GBP 74.738
La Veggia Finance SA 7.12511/14/2004 EUR 0.628
Societe Nationale SNC 2.45712/23/2050 USD 57.308
Barclays Bank PLC 2.180 3/18/2039 EUR 71.665
Malta Government Bond 2.000 7/10/2051 EUR 64.040
Cie de Financement Fo 0.01010/29/2035 EUR 67.547
HSE Finance Sarl 5.62510/15/2026 EUR 51.147
Ile-de-France Mobilit 1.275 2/14/2042 EUR 68.051
Proximus SADP 1.500 5/14/2040 EUR 68.356
WM Morrison Supermark 2.500 10/1/2031 GBP 38.072
Hellas Telecommunicat 8.50010/15/2013 EUR 0.781
German Pellets GmbH 7.250 4/1/2016 EUR 1.267
Autonomous Region of 1.095 9/27/2036 EUR 70.572
Kairos Global Solutio 1.900 7/3/2035 USD 72.325
Landesbank Baden-Wuer 0.980 7/15/2032 EUR 75.251
ABN AMRO Bank NV 1.115 3/3/2042 EUR 67.804
Flamingo Lux II SCA 5.000 3/31/2029 EUR 71.559
Turkiye Ihracat Kredi 12.540 9/14/2028 TRY 53.403
Caisse Francaise de F 0.125 2/15/2036 EUR 67.703
Stelius Befektetoe Za 3.100 9/17/2030 HUF 67.000
Nationale-Nederlanden 0.375 3/4/2041 EUR 60.273
Notting Hill Genesis 3.25010/12/2048 GBP 66.497
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 0.500
British Telecommunica 3.924 6/25/2042 GBP 70.521
Banco Espirito Santo 6.790 EUR 0.672
Swissgrid AG 0.050 6/30/2050 CHF 63.287
Operateur de Reseaux 2.850 2/3/2045 EUR 74.248
Serbia International 1.650 3/3/2033 EUR 69.860
Bayerische Landesbank 1.820 5/12/2031 EUR 72.076
Muenchener Hypotheken 0.125 9/5/2035 EUR 69.981
Altice France SA/Fran 4.125 1/15/2029 EUR 72.430
Ville de Paris 2.017 5/25/2052 EUR 66.591
Serbia International 2.050 9/23/2036 EUR 64.133
Severn Trent Utilitie 0.01012/16/2055 GBP 38.954
Master & Fellows of U 3.068 4/28/2065 GBP 58.056
Endo Luxembourg Finan 6.125 4/1/2029 USD 62.000
Ahtium PLC 4.00012/16/2015 EUR 0.586
Kreditanstalt fuer Wi 0.980 6/28/2051 EUR 59.403
State of Hesse 0.750 8/4/2036 EUR 75.291
LSEGA Financing PLC 3.200 4/6/2041 USD 73.414
BPCE SFH SA 0.375 3/18/2041 EUR 60.038
Cirio Del Monte NV 7.750 3/14/2005 EUR 1.704
Sberbank of Russia Vi 5.12510/29/2022 USD 32.532
AXA Home Loan SFH SA 0.125 6/25/2035 EUR 69.576
Alliander NV 1.125 4/8/2035 EUR 73.416
Societe Nationale SNC 2.842 3/31/2036 AUD 73.383
Republic of Ireland I 1.560 2/16/2122 EUR 52.738
Ile-de-France Mobilit 0.950 5/28/2041 EUR 65.119
BNP Paribas Issuance 20.000 9/18/2026 EUR 53.160
Kernel Holding SA 6.75010/27/2027 USD 62.863
Cooperatieve Rabobank 0.01011/27/2040 EUR 56.284
Region de Bruxelles-C 1.220 6/23/2053 EUR 54.287
Severn Trent Utilitie 1.602 9/29/2056 GBP 72.085
Raiffeisen Landesbank 0.37511/13/2034 EUR 73.633
National Grid Electri 1.151 2/20/2040 EUR 58.558
Deutsche Bahn Finance 3.100 5/20/2041 AUD 66.342
Incommunities Treasur 3.250 3/21/2049 GBP 70.417
Prosus NV 2.778 1/19/2034 EUR 74.706
Nationwide Building S 0.750 5/8/2035 EUR 74.394
Bpifrance SACA 1.046 5/25/2050 EUR 52.113
Orpea SA 3.00011/25/2041 EUR 23.434
Investitionsbank Berl 0.050 3/2/2035 EUR 71.523
Elia Transmission Bel 1.560 1/30/2044 EUR 74.428
State of Rhineland-Pa 1.500 4/25/2052 EUR 66.040
LSF9 Balta Issuer SAR 3.00012/31/2030 EUR 65.002
National Grid Electri 1.541 12/1/2053 GBP 70.427
Ukraine Government In 4.375 1/27/2032 EUR 21.123
Gazprom PJSC via Gaz 3.250 2/25/2030 USD 57.624
DLR Kredit A/S 1.000 10/1/2050 DKK 71.281
Region de Bruxelles-C 0.444 3/19/2057 EUR 33.444
Jyske Realkredit A/S 0.500 10/1/2053 DKK 67.939
Credit Bank of Moscow 7.500 10/5/2027 USD 21.675
Credit Agricole Itali 1.000 1/17/2045 EUR 58.266
Gecci Investment KG 6.000 10/1/2027 EUR 7.445
Altice France Holding 4.000 2/15/2028 EUR 38.350
Orpea SA 2.750 6/3/2033 EUR 27.737
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
UBS AG/London 11.000 1/8/2024 CHF 20.860
Autonomous Community 1.13811/22/2052 EUR 48.247
New World Resources N 8.000 4/7/2020 EUR 0.105
Communaute Francaise 0.626 8/24/2040 EUR 60.411
Severn Trent Utilitie 1.399 2/9/2057 GBP 66.068
Midland Heart Capital 1.831 8/12/2050 GBP 49.160
niiio finance group A 4.000 5/31/2026 EUR 65.000
LIB-Landesimmobilien 0.620 7/15/2041 EUR 62.295
Autobahnen- und Schne 0.100 7/16/2035 EUR 70.832
Iberdrola Finanzas SA 1.000 2/2/2037 EUR 70.479
Sekerbank Turk AS 18.84012/10/2027 TRY #N/A N/A
Raiffeisen Landesbank 0.250 3/4/2036 EUR 68.716
Region of Ile de Fran 0.610 7/2/2040 EUR 62.451
Free and Hanseatic Ci 0.200 9/3/2049 EUR 45.957
National Grid Electri 1.676 9/24/2052 GBP 73.575
Ukraine Government In 7.750 9/1/2024 USD 31.291
State of Lower Saxony 0.250 4/15/2036 EUR 70.798
Landesbank Baden-Wuer 0.400 2/12/2031 EUR 75.034
Autostrade per l'Ital 3.625 6/9/2038 EUR 73.188
Nordea Kredit Realkre 1.500 10/1/2050 DKK 74.897
Yorkshire Water Servi 1.462 8/1/2051 GBP 67.207
Muenchener Hypotheken 0.300 9/6/2032 EUR 73.412
Severn Trent Utilitie 1.399 2/9/2057 GBP 65.533
Realkredit Danmark A/ 0.500 10/1/2053 DKK 62.638
Regiao Autonoma Madei 1.141 12/4/2034 EUR 74.277
Republic of Ireland I 0.995 2/24/2121 EUR 35.541
Vasakronan AB 2.256 4/12/2044 EUR 62.026
Sairgroup Finance BV 6.625 10/6/2010 EUR 0.250
Jyske Realkredit A/S 0.500 10/1/2050 DKK 70.089
Scottish Hydro Electr 1.42910/20/2056 GBP 66.069
Golden Gate GmbH 6.50010/11/2014 EUR 33.070
Nordea Kredit Realkre 0.500 10/1/2053 DKK 68.008
Blend Funding PLC 3.508 5/4/2057 GBP 66.999
Ukraine Government In 7.375 9/25/2034 USD 23.763
LiveWest Treasury PLC 1.875 2/18/2056 GBP 46.550
Ukraine Government In 7.750 9/1/2027 USD 27.416
HSBC Bank PLC 0.500 6/23/2027 MXN 69.334
Metinvest BV 8.500 4/23/2026 USD 69.221
de Volksbank NV 1.500 7/23/2038 EUR 75.682
Republic of Ireland I 0.74011/27/2120 EUR 27.564
Wrekin Housing Group 2.50010/22/2048 GBP 58.131
DZ Bank AG Deutsche Z 5.122 11/2/2033 EUR 54.244
Barclays Bank PLC 1.750 9/29/2032 USD 67.292
Northern Electric Fin 2.750 5/24/2049 GBP 62.673
MBH Mortgage Bank Co 3.00010/22/2031 HUF 67.850
Hamon & CIE SA 3.300 1/31/2035 EUR 44.154
Comunidad Foral de Na 1.800 3/25/2042 EUR 70.292
Orpea SA 3.14412/22/2025 EUR 23.250
EVN AG 0.85010/15/2035 EUR 71.388
Prosus NV 2.031 8/3/2032 EUR 73.573
HSE Finance Sarl 9.74210/15/2026 EUR 50.794
Alfa Bank AO Via Alfa 5.50010/26/2031 USD 0.618
Stadt Graz 1.87810/31/2046 EUR 73.203
Corporate Commercial 8.250 8/8/2014 USD 0.308
Caisse de Refinanceme 0.250 2/7/2035 EUR 71.447
Blend Funding PLC 2.467 6/16/2061 GBP 49.069
Celtic Resources Hold 4.125 10/9/2024 USD 14.533
Russian Foreign Bond 4.750 5/27/2026 USD 54.014
Rio Forte Investments 4.000 7/22/2014 EUR 2.771
NRW Bank 1.150 9/16/2051 EUR 58.571
Kelag-Kaerntner Elekt 1.150 4/16/2041 EUR 56.564
Compact Bidco BV 5.750 5/1/2026 EUR 46.671
Pfandbriefzentrale de 0.050 10/6/2043 CHF 75.151
Alpine Holding GmbH 5.250 7/1/2015 EUR 0.372
Sovcombank Via SovCom 8.000 4/7/2030 USD 7.738
VTB Bank OJSC Via VTB 6.250 6/30/2035 USD 23.335
Holcim US Finance Lux 2.24010/15/2031 USD 75.964
Romanian Government I 2.875 4/13/2042 EUR 61.515
Swedbank AB 0.350 9/22/2031 EUR 75.595
Anglian Water Service 1.141 8/1/2042 GBP 73.394
Free State of Bavaria 0.010 3/28/2036 EUR 68.138
Jyske Realkredit A/S 0.500 10/1/2050 DKK 64.821
Region Wallonne Belgi 1.865 5/10/2051 EUR 63.787
DLR Kredit A/S 0.500 10/1/2053 DKK 69.546
Alpine Holding GmbH 6.000 5/22/2017 EUR 0.372
Region de Bruxelles-C 1.710 5/5/2047 EUR 62.850
Prosus NV 1.985 7/13/2033 EUR 70.972
Raiffeisenlandesbank 0.375 1/15/2035 EUR 72.239
Autonomous Community 2.300 5/24/2049 EUR 69.041
Kommunekredit 0.500 7/30/2027 TRY 34.378
State Agency of Roads 6.250 6/24/2030 USD 25.591
Region Centre 0.711 11/2/2036 EUR 69.057
Land Baden-Wuerttembe 0.375 7/20/2048 EUR 49.227
NRW Bank 1.400 3/19/2070 EUR 52.302
DZ Bank AG Deutsche Z 1.026 9/23/2030 EUR 75.481
Elli Finance UK PLC 8.750 6/15/2019 GBP 43.294
Portugal Telecom Inte 6.250 7/26/2016 EUR 0.285
Deutsche Bank AG/Lond 13.750 6/20/2026 TRY 30.299
Solarworld AG 9.691 2/24/2019 EUR 14.875
GN Store Nord AS 1.970 3/3/2036 EUR 67.636
Assistance Publique H 1.099 4/6/2071 EUR 39.206
Pershing Square Holdi 3.000 7/15/2032 USD 71.170
State of Brandenburg 0.300 10/4/2049 EUR 47.692
Ahtium PLC 9.750 4/4/2017 EUR 0.726
Agatos SpA 4.75012/31/2026 EUR 29.800
Gazprom PJSC Via Gaz 4.950 2/6/2028 USD 72.406
Cie de Financement Fo 0.975 8/11/2046 EUR 60.914
SNCF Reseau 1.425 8/14/2119 EUR 37.205
Yorkshire Water Servi 1.758 2/1/2054 GBP 71.165
Rena GmbH 8.250 7/11/2018 EUR 0.054
Offshore Drilling Hol 8.375 9/20/2020 USD 1.250
CNH Industrial Financ 2.200 7/15/2039 EUR 69.924
Kingdom of Belgium Go 0.459 7/23/2079 EUR 28.589
British Telecommunica 3.883 6/25/2039 GBP 74.276
LFA Foerderbank Bayer 0.01012/15/2033 EUR 74.230
State of North Rhine- 0.800 7/30/2049 EUR 55.709
Del Monte Finance Lux 6.625 5/24/2006 EUR 1.000
Privatbank CJSC Via U 11.000 2/9/2021 USD 1.000
Deutsche Pfandbriefba 1.850 9/20/2032 EUR 72.428
Yarlington Treasury S 3.410 9/18/2057 GBP 62.723
DZ Bank AG Deutsche Z 0.600 2/19/2036 EUR 66.195
Bausparkasse Wuestenr 1.830 4/3/2043 EUR 74.964
Barclays Bank PLC 5.000 11/1/2029 BRL 73.379
BPCE SA 0.50010/21/2034 EUR 71.274
BPCE SFH SA 1.210 6/15/2039 EUR 70.898
Purple Protected Asse 1.600 9/8/2056 EUR 48.620
Finance and Credit Ba 9.250 1/25/2019 USD 0.139
Stonewater Funding PL 3.375 11/2/2045 GBP 73.096
Erdoel-Lagergesellsch 1.200 6/4/2043 EUR 66.699
Charm Finance PLC 3.509 4/12/2048 GBP 70.002
Abengoa Abenewco 2 Bi 1.500 4/26/2024 USD 0.584
Sairgroup Finance BV 4.375 6/8/2006 EUR 0.250
Landesbank Hessen-Thu 4.375 3/30/2042 USD 72.424
Uliving@Essex Issuerc 0.100 8/31/2058 GBP 63.221
Metalloinvest Finance 3.37510/22/2028 USD 54.898
Societe Generale SA 14.000 8/8/2024 USD 23.120
EnBW International Fi 2.080 1/21/2041 EUR 66.776
Rhaetische Bahn AG RH 0.050 8/3/2050 CHF 72.644
Barclays Bank PLC 4.100 1/29/2048 USD 73.136
National Grid Electri 1.541 12/1/2056 GBP 69.228
A-TEC Industries AG 8.75010/27/2014 EUR 0.100
Lloyds Bank PLC 0.500 7/26/2028 MXN 62.540
Kreditanstalt fuer Wi 1.100 9/16/2051 EUR 60.690
Suek Securities DAC 3.375 9/15/2026 USD 70.507
Ukraine Government In 7.750 9/1/2028 USD 27.548
Ministeries Van de Vl 1.00010/13/2036 EUR 74.898
Landesbank Baden-Wuer 0.905 4/1/2041 EUR 52.740
Jain International Tr 7.125 2/1/2022 USD 22.000
Republic of Belarus I 6.378 2/24/2031 USD 35.497
Landesbank Baden-Wuer 0.900 5/28/2035 EUR 67.896
Deutsche Pfandbriefba 1.34010/16/2051 EUR 61.806
PJSC Koks via IMH Cap 5.900 9/23/2025 USD 8.614
Severn Trent Utilitie 1.668 8/1/2057 GBP 73.285
Cie DU Chemin de Fer 0.28011/29/2052 CHF 63.747
Gazprom PJSC via Gaz 3.897 EUR 60.595
Cooperatieve Rabobank 0.50011/30/2027 MXN 67.434
Russian Foreign Bond 2.875 12/4/2025 EUR 61.108
Landesbank Baden-Wuer 1.080 7/16/2035 EUR 69.208
Jyske Realkredit A/S 1.000 10/1/2053 DKK 58.866
Sovcombank Via SovCom 7.600 USD 4.036
Tinkoff Bank JSC Via 6.000 USD 48.733
Deutsche Pfandbriefba 2.000 7/9/2032 EUR 73.921
National Grid Electri 1.541 12/1/2056 GBP 68.818
ESB Finance DAC 2.000 4/17/2044 EUR 65.966
Severstal OAO Via Ste 3.150 9/16/2024 USD 5.488
Caisse Francaise de F 0.01010/19/2035 EUR 67.315
Free and Hanseatic Ci 0.300 9/16/2050 EUR 46.166
VTB Bank PJSC Via VTB 9.500 USD 17.569
Caisse Francaise de F 1.699 1/18/2044 EUR 72.246
Sparekassen Bredebro 3.750 4/15/2031 DKK 72.646
Romanian Government I 2.750 4/14/2041 EUR 61.538
Yorkshire Water Servi 1.462 8/1/2051 GBP 68.538
Raiffeisenbank AS 8.891 EUR 71.935
Region Provence-Alpes 0.753 1/5/2037 EUR 68.393
Region of Pays de la 0.87710/28/2041 EUR 59.891
getgoods.de AG 7.750 10/2/2017 EUR 0.527
Vontobel Financial Pr 7.120 12/7/2023 EUR 54.950
Grupo Isolux Corsan S 6.00012/30/2021 EUR 0.673
Kreditanstalt fuer Wi 0.81612/19/2050 EUR 52.543
Free State of Saxony 0.01012/17/2035 EUR 69.413
Sibur Securities DAC 2.950 7/8/2025 USD 65.515
Land Thueringen 0.100 7/9/2035 EUR 71.150
Region Auvergne-Rhone 0.89210/21/2041 EUR 61.785
State of North Rhine- 0.375 9/2/2050 EUR 46.952
Alfa Bank AO Via Alfa 5.950 4/15/2030 USD 1.381
Marseille Provence Me 1.000 1/15/2038 EUR 69.727
Region de Bruxelles-C 1.000 4/21/2051 EUR 52.517
State of Bremen 1.000 5/27/2039 EUR 72.443
Heta Asset Resolution 4.54012/29/2023 EUR 1.384
Uliving@Essex2 Issuer 0.100 8/31/2063 GBP 60.060
Avanti Communications 9.000 10/1/2022 USD 13.750
Credit Agricole Corpo 2.400 5/17/2048 EUR 54.841
Stichting Afwikkeling 6.25010/26/2020 EUR 43.625
Societe Generale SA 1.00010/20/2031 USD 70.250
ACCIONA Financiacion 1.900 6/28/2034 EUR 72.055
MFB Magyar Fejlesztes 2.90010/22/2031 HUF 69.656
Societe Wallonne de F 0.88311/21/2044 EUR 53.174
Landeskreditbank Bade 0.61011/17/2050 EUR 53.851
Nostrum Oil & Gas Fin 8.000 7/25/2022 USD 25.933
La Financiere Atalian 6.625 5/15/2025 GBP 71.542
Heta Asset Resolution 4.72912/31/2023 EUR 1.384
Ukraine Government In 9.790 5/26/2027 UAH 62.648
Alpine Holding GmbH 5.250 6/10/2016 EUR 0.372
Societe Generale SA 22.75010/17/2024 USD 17.700
Thames Water Utilitie 2.620 3/22/2033 GBP 69.547
Hampshire Trust Bank 7.250 5/10/2028 GBP 72.238
Deutsche Bank AG 0.68710/11/2049 EUR 39.784
SAir Group 0.125 7/7/2005 CHF 10.000
DZ Bank AG Deutsche Z 1.000 2/13/2042 EUR 67.085
Societe Generale SA 14.300 8/22/2024 USD 17.770
CBo Territoria 7.000 6/30/2028 EUR 4.250
Erotik-Abwicklungsges 7.750 7/9/2019 EUR 0.779
Lea bank ASA 12.460 NOK 74.247
Concessio Estacions A 3.52012/31/2037 EUR 75.308
Societe Generale SA 1.137 1/26/2037 EUR 71.613
Codere Finance 2 Luxe 12.75011/30/2027 EUR 7.457
Pershing Square Holdi 3.000 7/15/2032 USD 71.284
Land Thueringen 0.375 12/1/2051 EUR 45.829
Kuntarahoitus Oyj 0.940 6/9/2064 EUR 58.337
Societe Generale SA 16.000 7/3/2024 USD 32.250
Landesbank Baden-Wuer 0.290 8/6/2031 EUR 73.065
Ghelamco Invest 4.250 1/21/2027 EUR 70.081
IBP Markets Ltd 5.000 GBP 51.782
Yorkshire Water Servi 1.709 2/1/2058 GBP 69.757
Banco Santander SA 1.000 1/14/2034 EUR 73.000
Bayerische Landesbank 1.02011/12/2035 EUR 66.539
DZ Bank AG Deutsche Z 1.550 6/27/2041 EUR 74.604
Aareal Bank AG 1.800 7/21/2036 EUR 65.292
Deutsche Bank AG 1.750 4/9/2035 EUR 66.425
Bundesrepublik Deutsc 1.250 8/15/2048 EUR 75.377
Republic of Belarus I 6.200 2/28/2030 USD 33.599
DLR Kredit A/S 0.500 10/1/2053 DKK 64.182
State of Mecklenburg- 0.23911/17/2070 EUR 24.471
Region Wallonne Belgi 1.250 6/22/2071 EUR 48.015
Credit Agricole SA 4.400 2/24/2042 AUD 59.568
Windreich GmbH 6.500 3/1/2015 EUR 4.150
Nationale-Nederlanden 0.050 9/24/2035 EUR 68.328
Windreich GmbH 6.500 7/15/2016 EUR 4.150
Aareal Bank AG 1.741 1/12/2045 EUR 51.376
JAB Holdings BV 2.00012/19/2039 EUR 71.748
Assistance Publique H 2.000 5/25/2053 EUR 67.015
Achmea Bank NV 0.250 9/29/2036 EUR 67.779
SCC Power PLC 6.00012/31/2028 USD 52.470
United Utilities Wate 1.662 8/11/2056 GBP 74.011
GN Store Nord AS 3.20011/26/2036 GBP 73.638
United Utilities Wate 1.587 8/16/2056 GBP 72.176
Societe Generale SA 24.00011/14/2024 USD 54.300
Bayerische Landesbank 2.25010/17/2033 EUR 71.078
ALROSA Finance SA 4.650 4/9/2024 USD 10.077
Orpea SA 2.300 3/6/2025 EUR 22.900
United Utilities Wate 1.585 7/12/2057 GBP 73.880
Severn Trent Utilitie 1.589 2/1/2067 GBP 68.935
SiC Processing GmbH 7.125 3/1/2016 EUR 0.643
DXC Capital Funding D 0.950 9/15/2031 EUR 75.311
State of Rhineland-Pa 0.375 3/10/2051 EUR 46.830
Ministeries Van de Vl 0.63411/19/2060 EUR 35.889
Kleopatra Holdings 2 6.500 9/1/2026 EUR 57.609
Depfa Funding II LP 6.500 EUR 64.425
Communaute Francaise 0.788 8/30/2049 EUR 48.962
Land Thueringen 0.37511/14/2034 EUR 74.910
Norwegian Air Shuttle 7.50011/10/2023 USD 73.375
Gazprom PJSC via Gaz 1.85011/17/2028 EUR 59.378
SNCF Reseau 2.622 9/24/2049 USD 65.816
Peine GmbH 2.000 7/5/2023 EUR 44.500
Deutsche Bank AG 1.725 1/16/2045 EUR 43.429
UniCredit SpA 0.72511/27/2030 EUR 71.530
Ukraine Government In 9.750 11/1/2030 USD 28.684
DLR Kredit A/S 1.500 10/1/2053 DKK 72.814
Credit Bank of Moscow 8.875 USD 20.000
PIK Securities DAC 5.62511/19/2026 USD 47.369
Yorkshire Water Servi 1.823 2/1/2050 GBP 74.093
Grand Delta Habitat 1.285 11/6/2040 EUR 64.681
Bromford Housing Grou 2.554 3/17/2054 GBP 55.973
DZ Bank AG Deutsche Z 5.158 6/26/2029 EUR 74.580
Erste Group Bank AG 7.50011/29/2024 EUR 73.350
Dolphin Drilling ASA 4.490 8/28/2019 NOK 0.644
Societe Nationale SNC 1.400 5/18/2120 EUR 33.302
Malta Government Bond 1.50010/22/2045 EUR 60.550
Barclays Bank PLC 1.38211/27/2045 EUR 60.208
Anglian Water Service 1.76011/13/2035 GBP 64.990
UBS AG/London 1.860 2/28/2049 EUR 67.975
Orpea SA 2.77012/18/2028 EUR 23.434
Thames Water Utilitie 1.819 8/28/2049 GBP 66.065
Bulgaria Steel Financ 12.000 5/4/2013 EUR 0.216
DZ Bank AG Deutsche Z 1.000 2/18/2032 EUR 66.013
Department of Gironde 0.65012/17/2038 EUR 66.109
Air Berlin Finance BV 6.000 3/6/2019 EUR 0.278
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.010
Officine Maccaferri-S 5.750 6/1/2021 EUR 16.625
Malta Government Bond 1.000 8/23/2035 EUR 74.259
Basque Government 1.00010/31/2050 EUR 48.722
Spain Government Bond 1.45010/31/2071 EUR 45.834
Societe Nationale SNC 1.280 3/27/2120 EUR 33.809
SG Issuer SA 0.600 3/7/2033 EUR 72.881
CDC Habitat SEM 0.853 2/15/2041 EUR 60.999
Ile-de-France Mobilit 1.586 2/23/2052 EUR 62.359
Landesbank Baden-Wuer 5.300 2/13/2034 AUD 73.793
Sovcombank Via SovCom 7.750 USD 1.301
International Finance 0.500 6/29/2027 ZAR 73.085
Vnesheconombank Via V 6.025 7/5/2022 USD 6.363
Russian Federal Bond 6.900 2/6/2036 RUB 70.697
Futureal Development 4.000 3/23/2031 HUF 69.000
Raiffeisen-Landesbank 2.010 12/7/2048 EUR 71.124
State of Saarland 0.050 11/5/2040 EUR 58.643
Banque Federative du 0.37610/15/2031 EUR 72.997
Region Wallonne Belgi 1.000 9/16/2059 EUR 43.565
Deutsche Wohnen SE 1.700 12/5/2036 EUR 70.533
Department of Bouches 0.48210/20/2045 EUR 51.033
Russian Foreign Bond 5.625 4/4/2042 USD 66.999
Russian Foreign Bond 7.500 3/31/2030 USD 65.139
Societe Generale SA 12.000 9/5/2024 USD 51.000
State of North Rhine- 1.491 8/23/2066 EUR 57.356
SNCF Reseau 0.350 7/25/2047 EUR 66.793
Nordea Kredit Realkre 0.500 10/1/2053 DKK 62.678
Bank of Valletta PLC 3.750 6/15/2031 EUR 75.098
Free and Hanseatic Ci 0.010 11/5/2035 EUR 69.673
BPCE SA 2.255 3/12/2040 AUD 54.173
Brussels Municipaliti 0.832 3/29/2041 EUR 62.848
BNP Paribas SA 2.840 8/26/2039 AUD 57.312
Virgolino de Oliveira 10.875 1/13/2020 USD 36.000
Veneto Banca SpA 6.950 2/25/2025 EUR 0.635
Region Wallonne Belgi 1.550 4/28/2120 EUR 45.432
Thames Water Utilitie 2.442 5/12/2050 GBP 45.647
Societe Generale SA 2.000 2/26/2033 USD 70.569
Landesbank Hessen-Thu 1.05011/17/2060 EUR 49.182
State of Brandenburg 0.30011/17/2045 EUR 53.569
UBS Group AG 2.21011/24/2035 USD 68.330
Kreditanstalt fuer Wi 0.600 2/16/2051 EUR 52.764
Rikshem AB 3.250 5/31/2041 AUD 59.789
Norddeutsche Landesba 1.35010/20/2038 EUR 64.940
AK BARS Bank Via AK B 8.000 7/13/2022 USD 31.000
Banco Espirito Santo 6.900 6/28/2024 EUR 19.998
Deutsche Pfandbriefba 0.640 9/10/2030 EUR 71.180
Societe Generale SA 0.83111/25/2031 EUR 71.318
Eurogrid GmbH 0.87511/20/2040 EUR 61.424
Societe Du Grand Pari 2.062 3/19/2070 EUR 60.482
Ville de Paris 1.165 6/9/2053 EUR 51.817
KTG Agrar SE 7.25010/15/2019 EUR 0.592
UBS AG/London 1.600 4/18/2049 EUR 63.862
Belfius Bank SA 0.125 6/19/2034 EUR 71.828
Region Occitanie 0.72811/16/2037 EUR 67.296
Lehman Brothers Treas 0.50012/20/2017 AUD 0.100
Kreditanstalt fuer Wi 0.93512/16/2039 EUR 71.308
NatWest Markets PLC 1.250 12/4/2034 EUR 74.742
Kreditanstalt fuer Wi 1.201 9/13/2051 EUR 62.730
State of Brandenburg 0.750 8/8/2036 EUR 75.220
BNG Bank NV 2.300 3/3/2036 AUD 68.955
BNG Bank NV 2.000 2/19/2038 AUD 65.260
Ramfort GmbH 6.750 3/15/2026 EUR 34.489
Bayerische Landesbank 0.360 4/9/2031 EUR 75.081
Kuntarahoitus Oyj 1.300 4/8/2061 EUR 63.862
Hemso Fastighets AB 3.020 9/14/2048 SEK 71.968
Banque et Caisse d'Ep 1.230 4/26/2046 EUR 67.808
GB Social Housing PLC 3.814 4/9/2047 GBP 70.023
Grand City Properties 2.600 2/25/2034 EUR 74.990
Ville de Paris 1.200 6/25/2039 EUR 71.290
Anselma Issuer SA 2.17412/31/2038 EUR 30.080
National Grid Electri 1.690 9/16/2041 GBP 53.768
Gazprom PJSC via Gaz 3.500 7/14/2031 USD 60.043
DZ Bank AG Deutsche Z 0.780 3/5/2030 EUR 73.672
Comunidad Foral de Na 1.450 5/8/2040 EUR 67.769
Swedbank Hypotek AB 1.500 7/13/2048 EUR 67.316
Republic of Belarus I 7.625 6/29/2027 USD 35.760
Havenbedrijf Rotterda 1.100 3/23/2051 EUR 58.795
NIBC Bank NV 0.410 1/27/2031 EUR 74.438
DNB Boligkreditt AS 0.980 6/20/2044 EUR 64.238
Department of Bouches 0.981 5/14/2047 EUR 56.179
BNG Bank NV 10.010 6/17/2025 TRY 67.300
SAir Group 4.250 2/2/2007 CHF 10.000
Borets Finance DAC 6.000 9/17/2026 USD 49.235
Canton of Neuchatel 0.10010/29/2049 CHF 71.194
Gold-Zack AG 7.00012/14/2005 EUR 6.001
Cooperatieve Rabobank 1.650 8/24/2036 EUR 71.817
Kommunekredit 0.375 2/3/2045 DKK 54.539
Ville de Paris 0.65011/25/2070 EUR 33.255
Landesbank Hessen-Thu 0.980 11/9/2060 EUR 47.778
Ukraine Government In 8.994 2/1/2026 USD 29.909
Landeskreditbank Bade 2.500 5/21/2036 AUD 68.239
ALROSA Finance SA 3.100 6/25/2027 USD 8.584
State of Brandenburg 0.60010/13/2051 EUR 50.318
Nomura Bank Internati 1.13812/19/2039 EUR 59.810
Kommunekredit 0.100 9/30/2033 DKK 73.803
Irish Bank Resolution 0.566 6/21/2016 EUR 0.076
DAH Holding GmbH 7.250 9/28/2018 EUR 0.718
Hypo-Wohnbaubank AG 1.700 7/25/2036 EUR #N/A N/A
MMC Norilsk Nickel OJ 6.62510/14/2022 USD 72.500
VTB Bank PJSC 9.700 4/2/2031 RUB 51.720
Nederlandse Waterscha 0.190 11/2/2050 EUR 45.328
Region de Bruxelles-C 0.27412/11/2040 EUR 57.358
Caisse Francaise de F 1.09310/14/2051 EUR 57.231
Yorkshire Water Servi 1.460 8/1/2056 GBP 66.215
Credit Mutuel Arkea S 0.73010/14/2036 EUR 67.291
Severn Trent Utilitie 1.626 8/11/2051 GBP 73.850
Deutsche Telekom AG 3.500 9/6/2039 AUD 69.898
Veneto Banca SpA 6.944 5/15/2025 EUR 0.635
OGX Austria GmbH 8.500 6/1/2018 USD 0.019
Cooperatieve Rabobank 0.50012/29/2027 MXN 66.257
VTB Bank PJSC 5.000 USD 56.000
State of Lower Austri 0.815 9/22/2056 EUR 46.709
Comunidad Foral de Na 0.55010/22/2035 EUR 69.941
Gazprom PJSC via Gaz 4.599 USD 51.421
Slovenska Sporitelna 4.490 EUR 61.010
Deutsche Bank Luxembo 1.560 10/6/2028 EUR 73.462
Spain Government Bond 1.90010/31/2052 EUR 63.941
Cie de Saint-Gobain S 3.00012/23/2049 EUR 72.658
State of Lower Austri 0.460 10/8/2049 EUR 47.995
Ville de Paris 0.75011/30/2041 EUR 61.977
Autonomous Community 1.900 5/24/2039 EUR 75.246
Kardan NV 6.325 2/21/2021 ILS #N/A N/A
Centre Hospitalier Re 0.800 6/28/2041 EUR 62.797
Die Schweizerische Po 0.18012/14/2061 CHF 58.205
Land Berlin 0.500 6/19/2047 EUR 53.266
NRW Bank 0.650 7/20/2037 EUR 70.763
Romanian Government I 3.375 2/8/2038 EUR 72.720
Kommunekredit 0.86911/12/2043 SEK 61.515
Grand Delta Habitat 1.500 6/2/2045 EUR 60.361
Landesbank Baden-Wuer 1.300 6/21/2049 EUR 54.436
Rena GmbH 7.00012/15/2015 EUR 0.054
National Grid Electri 1.541 12/1/2053 GBP 70.785
Credit Agricole SA 3.750 6/9/2040 AUD 64.762
Thames Water Utilitie 1.819 8/28/2049 GBP 65.354
Region de Bruxelles-C 1.400 3/11/2054 EUR 51.782
Bayerische Landesbank 3.500 7/28/2036 EUR 70.229
Ukraine Government Bo 11.720 7/30/2025 UAH 71.179
DZ HYP AG 1.43010/26/2046 EUR 66.816
Land Berlin 0.625 8/25/2036 EUR 73.698
Communaute Francaise 1.581 1/23/2120 EUR 45.404
Bayerische Landesbank 1.850 3/5/2031 EUR 72.918
Region de Bruxelles-C 1.100 6/22/2066 EUR 41.608
Nederlandse Waterscha 1.77012/23/2047 EUR 75.297
Affinity Water Financ 0.23011/22/2042 GBP 61.187
Landesbank Hessen-Thu 0.75012/17/2035 EUR 67.062
Liga Bank eG Regensbu 0.010 1/29/2036 EUR 64.916
Land Thueringen 0.125 1/13/2051 EUR 42.464
Region Hauts-de-Franc 0.691 7/9/2042 EUR 59.495
La Banque Postale Hom 0.640 1/27/2042 EUR 62.789
Mondelez Internationa 1.250 9/9/2041 EUR 66.363
Hypo Vorarlberg Bank 1.590 8/25/2050 EUR 51.030
Maxeda DIY Holding BV 5.875 10/1/2026 EUR 70.985
Chelyabinsk Pipe Plan 4.500 9/19/2024 USD 60.728
Comunidad Foral de Na 2.100 4/30/2044 EUR 70.699
State of Brandenburg 0.50011/21/2039 EUR 65.892
Thames Water Utilitie 1.846 8/28/2047 GBP 68.210
Thames Water Utilitie 1.846 8/28/2047 GBP 67.037
VST Building Technolo 7.000 6/28/2024 EUR 0.150
Societe Generale SA 15.760 8/13/2026 USD 54.100
Kommunekredit 2.200 9/27/2041 AUD 60.261
State of Brandenburg 0.375 1/29/2035 EUR 74.879
Agence France Locale 2.550 3/20/2036 AUD 70.861
Bayerische Landesbank 1.820 3/12/2031 EUR 72.434
Caisse des Depots et 0.91311/20/2050 EUR 49.601
Romanian Government I 2.625 12/2/2040 EUR 61.507
Gazprom PJSC via Gaz 1.500 2/17/2027 EUR 61.981
Land Berlin 0.625 7/15/2039 EUR 67.842
State of Rhineland-Pa 0.375 4/1/2041 EUR 61.969
Societe Generale SA 1.100 2/20/2034 EUR 73.373
DZ HYP AG 0.300 8/21/2035 EUR 69.824
Basque Government 2.350 4/11/2049 EUR 71.524
Air Berlin Finance BV 8.500 3/6/2019 EUR 0.278
Deutsche Bank AG 2.825 2/25/2043 EUR 71.016
Ukraine Government In 12.520 5/13/2026 UAH 73.826
Natixis SA 2.71910/25/2032 AUD 74.260
HSBC Bank PLC 10.30012/20/2024 TRY 74.700
Deutsche Pfandbriefba 0.613 9/30/2032 EUR 63.889
Hypo Vorarlberg Bank 6.125 EUR 73.850
Anselma Issuer SA 1.57412/31/2038 EUR 31.230
Zurcher Kantonalbank 9.000 5/8/2024 EUR 63.790
Telia Co AB 3.000 9/25/2064 EUR 72.895
Landeskreditbank Bade 1.862 4/6/2062 EUR 70.552
Cooperatieve Rabobank 1.099 6/28/2051 EUR 58.754
State of Saxony-Anhal 1.223 5/4/2046 EUR 70.541
Cie de Financement Fo 0.900 7/18/2058 EUR 49.925
Region de Bruxelles-C 1.813 1/22/2048 EUR 68.018
Caisse des Depots et 1.81511/27/2048 EUR 67.262
SpareBank 1 SMN 1.000 7/3/2034 EUR 74.062
Santander Consumer Ba 9.520 NOK 58.596
Region Auvergne-Rhone 1.090 4/8/2037 EUR 72.527
BPCE SFH SA 1.229 4/12/2049 EUR 60.850
State of North Rhine- 1.850 3/18/2089 EUR 55.210
Arkea Home Loans SFH 1.534 3/31/2043 EUR 73.232
Landesbank Hessen-Thu 1.000 7/15/2060 EUR 48.464
Deutsche Pfandbriefba 4.120 11/3/2031 EUR 51.173
Malta Government Bond 2.400 8/13/2052 EUR 69.752
O1 Properties Finance 0.500 9/27/2028 USD 5.261
Vasakronan AB 1.130 5/27/2042 JPY 68.173
Frigate Luxembourg SA 2.000 8/1/2032 EUR 51.720
Praktiker AG 5.875 2/10/2016 EUR 0.001
Thames Water Utilitie 1.771 8/28/2057 GBP 60.195
Pescanova SA 5.125 4/20/2017 EUR 1.246
German Real Estate Ca 3.000 EUR 70.500
Landesbank Baden-Wuer 10.000 1/26/2024 EUR 33.490
Vajda-Papir Gyarto Ke 3.500 5/17/2031 HUF 73.400
State of North Rhine- 1.960 1/24/2079 EUR 65.980
BOA Offshore AS 0.409 7/17/2047 NOK 4.769
Regie Autonome des Tr 0.640 8/13/2041 EUR 61.446
Nederlandse Waterscha 1.610 12/4/2052 EUR 67.638
Aareal Bank AG 0.30012/11/2030 EUR 70.783
BNG Bank NV 0.630 7/11/2067 EUR 38.011
Caisse des Depots et 1.000 2/26/2051 EUR 50.797
Malta Government Bond 1.400 8/20/2046 EUR 58.010
Caisse des Depots et 0.930 11/9/2050 EUR 49.915
Agence Francaise de D 1.95411/13/2053 EUR 69.098
Nederlandse Waterscha 1.370 3/23/2065 EUR 54.197
Ville de Paris 1.165 6/9/2053 EUR 51.939
Santander Internation 1.365 1/28/2061 EUR 51.385
Republic of Ireland I 2.045 3/22/2075 EUR 72.772
Societe Nationale SNC 2.503 1/14/2041 AUD 62.319
Vasakronan AB 2.400 6/20/2044 SEK 72.554
Republic of Ireland I 0.835 7/8/2080 EUR 39.868
Portugal Obrigacoes d 1.150 4/11/2042 EUR 67.043
National Grid Electri 3.350 6/10/2036 AUD 72.287
Landesbank Baden-Wuer 0.590 12/7/2035 EUR 64.190
National Grid Electri 1.823 5/26/2056 GBP 75.456
Hemso Fastighets AB 1.460 7/7/2042 JPY 74.679
State of Lower Austri 0.40010/13/2050 EUR 45.634
National Grid Electri 2.22612/19/2039 GBP 62.246
Region Occitanie 0.83411/22/2045 EUR 56.054
Societe Generale SA 13.01011/14/2024 USD 26.100
T-Centrum CZ AS 11.40010/30/2024 CZK 65.220
UBS AG/London 16.300 1/8/2024 EUR 29.320
Landesbank Hessen-Thu 2.00011/25/2036 EUR 63.650
Espirito Santo Financ 5.125 5/30/2016 EUR 0.147
Russian Foreign Bond 5.875 9/16/2043 USD 62.539
Kuntarahoitus Oyj 1.200 7/21/2061 EUR 61.487
RENE LEZARD Mode GmbH 7.25011/25/2017 EUR 0.151
COFIDUR SA 0.10012/31/2024 EUR 30.400
National Grid Electri 1.584 7/28/2056 GBP 70.662
Muenchener Hypotheken 1.495 10/5/2050 EUR 65.314
Kreditanstalt fuer Wi 1.087 1/21/2050 EUR 62.635
Republic of Ireland I 2.000 6/29/2064 EUR 68.672
Muenchener Hypotheken 1.300 5/7/2061 EUR 54.469
Agence Francaise de D 1.95511/21/2053 EUR 69.491
United Utilities Wate 0.387 10/5/2057 GBP 45.892
DZ Bank AG Deutsche Z 1.055 3/11/2031 EUR 71.367
Barclays Bank PLC 3.900 2/15/2042 AUD 65.125
Deutsche Bahn Finance 1.520 7/3/2035 SEK 75.251
Societe Generale SA 5.05011/25/2036 USD 48.321
State of Bremen 0.500 5/6/2041 EUR 62.621
Kingdom of Belgium Go 2.750 6/10/2071 USD 59.563
Republic of Ireland I 1.250 10/8/2121 EUR 43.279
Danske Bank A/S 0.91010/17/2039 JPY 72.372
Lukoil Capital DAC 3.60010/26/2031 USD 72.000
BAE Systems PLC 3.000 9/15/2050 USD 65.123
Deutsche Pfandbriefba 0.857 9/18/2037 EUR 62.560
Minicentrales Dos SA 0.010 6/6/2047 EUR 66.375
A-TEC Industries AG 2.750 5/10/2014 EUR 0.100
United Utilities Wate 1.591 9/25/2056 GBP 71.677
Agrokor dd 8.875 2/1/2020 USD 15.000
DEPFA PLC 4.234 1/26/2034 EUR 0.010
CBo Territoria 3.750 7/1/2024 EUR #N/A N/A
AKB Peresvet ZAO 0.510 6/23/2021 RUB 28.000
Banque Cantonale Vaud 17.050 6/6/2024 CHF 69.110
Banco Santander SA 0.010 10/1/2032 EUR 72.463
DZ Bank AG Deutsche Z 0.330 8/18/2033 EUR 75.320
Kommunekredit 1.062 9/9/2041 EUR 70.186
Lloyds Bank PLC 2.637 1/16/2040 AUD 65.378
Grand Delta Habitat 1.500 9/1/2049 EUR 56.863
UBS Group AG 2.490 3/4/2036 USD 70.109
Renovables Atlasol SA 2.20012/31/2038 EUR 72.091
Caisse des Depots et 0.39812/15/2050 EUR 42.451
Saechsische Aufbauban 0.300 2/18/2042 EUR 56.660
UniCredit SpA 1.49010/23/2035 EUR 73.612
State of Brandenburg 0.125 1/26/2046 EUR 49.987
Canton of Neuchatel 0.350 7/14/2050 CHF 76.353
Hypo Vorarlberg Bank 1.520 7/8/2050 EUR 50.216
Region de Bruxelles-C 0.765 7/15/2052 EUR 44.609
Kommunalkredit Austri 1.183 6/2/2031 EUR 74.209
SNCF Reseau 2.777 7/29/2115 EUR 70.387
Bayerische Landesbank 3.55010/14/2036 EUR 71.535
Morhomes PLC 2.508 2/19/2051 GBP 53.413
Republic of Ireland I 1.21010/27/2111 EUR 42.712
Lehman Brothers Treas 5.637 11/2/2035 EUR 0.100
BNP Paribas SA 1.15011/20/2034 EUR 75.300
SAG Solarstrom AG 7.500 7/10/2017 EUR 31.000
Barclays Bank PLC 9.260 11/8/2024 USD 9.890
Luzerner Kantonalbank 16.710 7/17/2024 CHF 73.470
SunDell Estate Nyrt 3.25011/12/2030 HUF 68.000
Credit Suisse AG/Lond 7.000 5/16/2024 CHF 62.940
Republic of Ireland I 1.230 6/23/2121 EUR 42.373
State of Saxony-Anhal 2.250 7/3/2028 EUR 60.000
Axial Javito Keresked 2.000 9/23/2030 HUF 69.631
ABN AMRO Bank NV 1.425 4/17/2045 EUR 66.748
Steilmann SE 7.000 3/9/2017 EUR 1.429
Turkiye Government Bo 12.600 10/1/2025 TRY 69.800
Banco Santander SA 2.280 2/28/2039 EUR 75.225
Nederlandse Waterscha 1.77012/28/2048 EUR 72.463
Ile-de-France Mobilit 1.200 4/8/2050 EUR 55.651
Region de Bruxelles-C 0.453 12/7/2055 EUR 35.293
SCF Capital Designate 3.850 4/26/2028 USD 65.723
UBS Group AG 2.300 12/3/2035 AUD 64.171
UBS AG/London 2.35012/17/2048 EUR 74.222
DZ Bank AG Deutsche Z 1.070 10/6/2042 EUR 66.788
Stadt Graz 1.82410/31/2047 EUR 71.231
Ministeries Van de Vl 0.40011/20/2043 EUR 53.711
Santander Internation 1.150 4/8/2041 EUR 63.894
State of Brandenburg 0.050 8/10/2040 EUR 58.777
Raiffeisen Bank Inter 0.370 2/3/2033 EUR 66.696
Batigere Grand Est SA 2.030 5/29/2070 EUR 68.374
Arkea Public Sector S 1.642 5/18/2043 EUR 73.487
Thomas Cook Group PLC 6.250 6/15/2022 EUR 0.688
Landesbank Hessen-Thu 0.75010/21/2033 EUR 71.860
Realkredit Danmark A/ 0.500 10/1/2050 DKK 64.872
Region Occitanie 0.79211/23/2043 EUR 58.479
Credit Suisse AG/Lond 28.000 9/23/2024 USD 2.550
UBS AG/London 9.000 7/26/2024 CHF 72.250
MBH Mortgage Bank Co 3.000 1/28/2036 HUF 57.900
UBS AG/London 7.09010/18/2024 USD 9.930
VTB Bank PJSC 9.895 USD 55.100
MBH Mortgage Bank Co 3.000 8/21/2030 HUF 71.930
Societe Du Grand Pari 0.57610/29/2052 EUR 41.041
NRW Bank 0.106 8/17/2050 EUR 41.552
Region Bourgogne-Fran 0.397 12/3/2045 EUR 49.592
DZ Bank AG Deutsche Z 0.420 2/17/2033 EUR 72.860
Caisse des Depots et 1.015 7/22/2050 EUR 52.879
Bazalgette Finance Pl 0.074 5/16/2049 GBP 60.555
State of Saxony-Anhal 1.808 5/15/2048 EUR 74.761
Ville de Paris 0.963 6/8/2050 EUR 51.081
DZ Bank AG Deutsche Z 0.190 1/14/2031 EUR 75.059
Kingdom of Belgium Go 0.675 7/7/2080 EUR 33.718
City of Amsterdam Net 1.515 2/26/2044 EUR 72.635
Hemso Fastighets AB 2.127 4/18/2039 EUR 67.927
Aktia Bank Oyj 0.800 2/26/2036 EUR 69.405
Region Nouvelle-Aquit 0.81411/22/2044 EUR 57.252
Caisse des Depots et 1.365 11/2/2051 EUR 56.383
Batigere Grand Est SA 1.61010/23/2040 EUR 68.238
Credit Suisse AG/Lond 9.000 4/22/2024 USD 36.940
UBS AG/London 8.25011/19/2026 EUR 54.900
Nestle Hungaria Kft 1.750 5/31/2028 HUF 74.500
MVM Energetika Zrt 3.250 9/3/2031 HUF 70.000
Metal Hungaria Holdin 3.00011/17/2030 HUF 63.500
DZ Bank AG Deutsche Z 7.250 6/28/2024 EUR 70.240
Duna Aszfalt Ut Es Me 2.99010/17/2029 HUF 61.000
Region Wallonne Belgi 1.246 5/12/2070 EUR 45.397
Orient Express Bank P 2.000 USD 11.881
Landesbank Hessen-Thu 0.750 8/18/2036 EUR 65.845
City of Gothenburg Sw 1.990 2/20/2045 SEK 74.647
State of Saxony-Anhal 0.475 9/30/2050 EUR 50.079
Deutsche Pfandbriefba 0.906 3/4/2050 EUR 57.441
Kreditanstalt fuer Wi 0.620 1/14/2050 EUR 52.785
FNG Benelux Holding N 5.000 8/28/2023 EUR 1.013
Region de Bruxelles-C 0.59212/10/2061 EUR 33.148
Region Bourgogne-Fran 0.270 12/7/2035 EUR 66.218
Lloyds Bank PLC 2.450 7/23/2048 EUR 70.314
United Utilities Wate 0.359 10/5/2048 GBP 54.798
Department of Gironde 0.41811/12/2041 EUR 57.176
Landesbank Hessen-Thu 0.900 5/12/2036 EUR 67.765
Regie Autonome des Tr 0.875 8/18/2080 EUR 35.319
Landesbank Hessen-Thu 1.150 6/23/2036 EUR 69.866
Landesbank Baden-Wuer 1.050 7/17/2034 EUR 71.000
Region Hauts-de-Franc 0.402 2/18/2043 EUR 54.504
Kingdom of Belgium Go 1.170 5/12/2121 EUR 38.814
Regie Autonome des Tr 0.953 5/24/2052 EUR 52.491
Region de Bruxelles-C 1.00010/29/2059 EUR 41.708
Citigroup Global Mark 1.230 8/20/2039 EUR 66.901
Malta Government Bond 1.800 8/28/2051 EUR 60.325
Agence Francaise de D 2.30210/25/2044 USD 62.384
Region de Bruxelles-C 0.28310/24/2033 EUR 71.481
Kreditanstalt fuer Wi 0.788 11/4/2039 EUR 66.861
United Utilities Wate 1.43511/21/2056 GBP 69.083
Credit Agricole Corpo 1.81511/30/2033 USD 69.447
BNP Paribas Issuance 2.420 1/30/2034 EUR 44.710
Parnassia Groep BV 1.260 12/3/2046 EUR 73.721
Ukraine Government In 9.790 5/26/2027 UAH 62.648
Futureal Development 3.50011/16/2036 HUF 55.000
Cordia International 3.000 7/27/2030 HUF 67.000
ArmSwissBank CJSC 6.000 6/1/2026 USD 0.000
Rosselkhozbank JSC 0.01012/24/2023 RUB 65.000
Lloyds Bank PLC 2.450 2/1/2049 EUR 70.107
Aareal Bank AG 2.783 5/18/2037 EUR 72.362
Malta Government Bond 1.200 5/13/2037 EUR 72.535
Kreditanstalt fuer Wi 1.171 7/19/2051 EUR 62.427
Ukraine Government In 7.750 9/1/2029 USD 27.536
UniCredit Bank AG 0.31010/15/2035 EUR 69.617
Ville de Paris 0.758 8/20/2060 EUR 38.149
Bazalgette Finance Pl 0.010 8/5/2036 GBP 71.748
Regie Autonome des Tr 1.820 7/18/2048 EUR 67.855
Anglian Water Service 0.85012/23/2040 JPY 72.265
Nomura Bank Internati 1.175 7/8/2033 EUR 71.688
LR Realkredit AS 1.000 10/1/2050 DKK 68.673
BPCE SA 2.250 3/13/2040 AUD 54.447
Saastopankkien Keskus 0.975 8/18/2034 EUR 73.428
Santander Internation 1.320 8/8/2039 EUR 68.919
Region de Bruxelles-C 1.065 6/22/2047 EUR 56.052
Region de Bruxelles-C 1.419 6/22/2045 EUR 65.952
Barclays Bank PLC 1.340 2/1/2051 EUR 54.370
Banque Internationale 1.300 1/15/2041 EUR 62.983
La Banque Postale Hom 1.623 2/13/2042 EUR 73.757
Kuntarahoitus Oyj 0.040 2/9/2034 EUR 73.697
Hacienda Investments 5.350 2/8/2028 USD 57.361
Region de Bruxelles-C 0.650 2/15/2061 EUR 34.836
Kingdom of Belgium Go 0.558 9/24/2077 EUR 31.966
Espirito Santo Financ 4.87810/27/2024 EUR 0.152
Citigroup Global Mark 1.150 9/19/2039 EUR 65.580
Severn Trent Utilitie 1.566 2/1/2058 GBP 69.399
United Kingdom Inflat 0.250 3/22/2052 GBP 74.164
Deutsche Lichtmiete F 5.750 1/1/2023 EUR 5.010
Zurcher Kantonalbank 17.300 4/19/2024 USD 58.580
Joh Friedrich Behrens 7.75011/11/2020 EUR 8.111
Vontobel Financial Pr 14.300 8/21/2024 USD 73.840
UniCredit Bank AG 7.500 5/16/2024 EUR 73.620
Ville de Paris 0.850 8/4/2051 EUR 48.698
Communaute Francaise 1.040 7/19/2101 EUR 42.562
Cooperatieve Rabobank 0.500 8/21/2028 MXN 62.294
Landesbank Baden-Wuer 0.660 7/14/2036 EUR 63.327
Region de Bruxelles-C 1.225 6/21/2070 EUR 40.556
Ville de Paris 0.464 8/20/2040 EUR 60.797
Assistance Publique H 0.683 3/19/2041 EUR 61.841
Ukraine Government Bo 9.700 6/7/2028 UAH 51.069
Renovables Atlasol SA 2.20012/31/2038 EUR 72.091
Vasakronan AB 1.700 6/28/2044 EUR 33.884
Republic of Ireland I 2.000 6/29/2063 EUR 70.054
State of Lower Austri 0.55011/13/2080 EUR 28.785
Credito Padano Banca 3.100 EUR 36.337
Natixis SA 2.700 5/18/2036 USD 73.431
Caisse Francaise de F 0.865 2/17/2042 EUR 63.765
DZ Bank AG Deutsche Z 0.200 10/2/2034 EUR 66.148
Santander Internation 2.770 7/2/2035 USD 70.495
Landshypotek Bank AB 1.815 2/25/2041 SEK 73.501
Penarian Housing Fina 3.212 6/7/2052 GBP 68.202
Land Baden-Wuerttembe 1.150 4/5/2049 EUR 64.265
Muenchener Hypotheken 0.25010/31/2044 CHF 76.026
Region de Bruxelles-C 1.016 9/23/2057 EUR 43.569
Kommunekredit 1.336 10/1/2032 AUD 71.625
United Utilities Wate 1.70211/21/2057 GBP 73.407
VTB Bank OJSC Via VTB 6.250 6/30/2035 USD 23.335
Region de Bruxelles-C 1.05311/14/2059 EUR 42.659
Depfa Funding III LP 3.062 EUR 54.198
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Mox Telecom AG 7.250 11/2/2017 EUR 2.270
Zurcher Kantonalbank 10.00010/25/2024 CHF 66.700
SG Issuer SA 0.021 8/15/2033 EUR 55.870
Abroncs Kereskedohaz 2.80012/17/2027 HUF 74.000
Russian Federal Bond 0.250 7/20/2044 RUB 15.000
Landesbank Baden-Wuer 15.000 2/23/2024 EUR 69.880
Kreditanstalt fuer Wi 1.270 6/29/2051 EUR 64.442
Virgolino de Oliveira 10.875 1/13/2020 USD 36.000
Muenchener Hypotheken 1.185 5/5/2059 EUR 53.711
Nederlandse Waterscha 1.870 11/8/2057 EUR 70.976
Kommunekredit 2.180 7/16/2040 AUD 60.553
Serbia Treasury Bonds 2.300 3/18/2047 EUR 57.148
Federal Grid Co - Ros 7.000 6/30/2048 RUB 55.000
LFA Foerderbank Bayer 0.050 9/29/2034 EUR 72.613
Region Wallonne Belgi 1.040 5/28/2040 EUR 63.784
Region Auvergne-Rhone 0.650 5/18/2038 EUR 65.736
DNB Boligkreditt AS 1.53012/21/2043 EUR 70.737
Kreditanstalt fuer Wi 1.267 3/22/2051 EUR 64.942
Metropole de Lyon 0.50012/28/2049 EUR 45.085
Region Wallonne Belgi 1.805 1/24/2040 EUR 72.608
Slovenska Sporitelna 4.820 EUR 63.925
Kreditanstalt fuer Wi 1.175 4/14/2051 EUR 63.320
State of Saarland 0.500 3/15/2051 EUR 49.158
Sovcombank Via SovCom 3.400 1/26/2025 USD 3.095
Ministeries Van de Vl 0.875 6/3/2045 EUR 54.518
Centre Hospitalier de 1.580 2/11/2061 EUR 70.670
Region de Bruxelles-C 0.640 7/20/2045 EUR 52.799
Cooperatieve Rabobank 1.460 6/1/2040 EUR 73.317
State of North Rhine- 1.467 6/12/2045 EUR 71.154
Region Auvergne-Rhone 0.543 9/28/2036 EUR 67.100
United Utilities Wate 0.010 9/30/2036 GBP 72.984
BNP Paribas SA 2.72012/12/2034 AUD 65.786
Nederlandse Waterscha 0.996 11/4/2049 EUR 59.246
Hemso Fastighets AB 1.13010/31/2039 EUR 62.945
Specialfastigheter Sv 1.280 9/20/2049 SEK 56.309
Assistance Publique H 1.502 5/9/2044 EUR 68.442
Solarwatt GmbH 7.000 11/1/2015 EUR 15.500
Batigere Grand Est SA 1.60011/14/2039 EUR 70.041
Kreditanstalt fuer Wi 1.00010/20/2050 EUR 60.254
MOL Hungarian Oil & G 1.900 4/12/2031 HUF 66.700
UniCredit Bank AG 0.900 3/24/2036 EUR 67.930
SALVATOR Vermoegensve 9.500 EUR 7.900
UBS AG/London 21.600 8/2/2027 SEK 60.480
Vontobel Financial Pr 8.200 4/26/2024 EUR 73.240
Vasutvillamosito Kft 3.000 2/3/2031 HUF 65.000
Region de Bruxelles-C 1.28612/17/2046 EUR 57.126
Republic of Ireland I 1.020 9/10/2086 EUR 42.725
Deutsche Pfandbriefba 0.710 9/10/2031 EUR 68.357
Raiffeisen-Landesbank 1.470 5/3/2069 EUR 50.892
National Grid Electri 2.920 9/30/2044 AUD 57.661
Batigere Grand Est SA 1.50012/15/2051 EUR 55.304
HSBC Bank PLC 2.102 1/30/2047 EUR 69.343
Grupo Isolux Corsan S 1.00012/30/2021 EUR 0.157
SNCF Reseau 2.303 7/11/2067 EUR 65.352
Landeskreditbank Bade 1.017 3/15/2061 EUR 53.113
Oberoesterreichische 0.285 11/6/2042 EUR 53.327
Ville de Paris 0.831 2/23/2056 EUR 43.878
NRW Bank 0.550 7/23/2035 EUR 74.568
Agence France Locale 0.586 6/20/2034 EUR 73.451
Region de Bruxelles-C 1.750 1/17/2048 EUR 68.172
Metropole de Lyon 0.466 12/7/2046 EUR 49.000
State of Rhineland-Pa 0.375 7/20/2048 EUR 50.643
Muenchener Hypotheken 0.550 2/18/2046 CHF 72.507
Landeskreditbank Bade 1.025 4/1/2061 EUR 53.406
BPCE SFH SA 1.512 4/20/2043 EUR 70.493
Belfius Bank SA 1.561 4/27/2043 EUR 72.534
Nederlandse Waterscha 2.010 5/3/2058 EUR 74.337
Credit Agricole Corpo 1.300 2/2/2061 EUR 50.241
Assistance Publique H 1.800 4/10/2048 EUR 67.754
Goldman Sachs Interna 2.300 5/25/2037 EUR 74.471
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.586
DZ Bank AG Deutsche Z 1.850 2/19/2049 EUR 71.793
Landshypotek Bank AB 1.680 1/20/2042 SEK 70.852
Nomura Bank Internati 1.415 1/27/2042 EUR 64.570
Morgan Stanley & Co I 1.105 6/18/2041 EUR 63.488
Autonomous Community 1.515 6/21/2051 EUR 54.937
Landesbank Hessen-Thu 1.650 5/27/2030 EUR 42.066
Region Wallonne Belgi 1.150 9/2/2120 EUR 33.548
DZ Bank AG Deutsche Z 1.250 9/30/2060 EUR 53.043
Vasakronan AB 2.050 5/28/2044 EUR 37.560
Region Wallonne Belgi 1.13510/10/2069 EUR 44.291
Republic of Ireland I 1.32011/28/2119 EUR 38.002
State of Hesse 0.100 10/1/2037 EUR 65.973
Sibur Securities DAC 3.450 9/23/2024 USD 74.293
Region de Bruxelles-C 1.036 1/7/2060 EUR 42.249
Luminis SA 1.800 9/2/2059 EUR 43.366
Deutsche Bank AG 2.01012/10/2052 EUR 53.635
Luzerner Kantonalbank 5.10010/16/2026 USD 59.590
Raiffeisen Switzerlan 7.750 7/21/2025 CHF 72.220
Credit Suisse AG/Lond 24.000 3/22/2024 USD 70.910
Autonomous Community 1.646 7/30/2060 EUR 50.194
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 0.500
Gebr Sanders GmbH & C 8.75010/22/2018 EUR 9.375
MOL Hungarian Oil & G 1.100 9/22/2030 HUF 58.500
Mifa Mitteldeutsche F 7.500 8/12/2018 EUR 1.505
Micro Small & Medium 6.900 8/28/2026 USD 57.891
Nederlandse Waterscha 1.675 4/26/2046 EUR 72.852
Phosagro OAO Via Phos 2.600 9/16/2028 USD 66.488
State of Lower Austri 1.000 9/15/2121 EUR 31.325
United Kingdom Gilt 1.500 7/22/2047 GBP 54.993
Deutsche Pfandbriefba 3.100 9/7/2046 USD 72.135
Kuntarahoitus Oyj 1.150 9/24/2051 EUR 65.903
Bayerische Landesbank 0.770 6/18/2032 EUR 73.076
BNG Bank NV 1.04011/28/2047 EUR 60.235
Department of Bouches 0.432 2/1/2046 EUR 49.838
Bazalgette Finance Pl 0.74011/30/2042 GBP 75.194
Grenke Finance PLC 0.819 2/15/2030 EUR 67.678
Caisse des Depots et 2.766 8/9/2049 USD 63.997
Communaute Francaise 1.397 7/18/2059 EUR 51.621
Vasakronan AB 2.162 5/4/2040 SEK 69.381
Societe Nationale SNC 2.820 4/28/2036 AUD 73.239
Wirtschafts- und Infr 0.20012/14/2045 EUR 49.152
ING Bank NV 0.465 4/21/2041 EUR 63.700
Basque Government 2.000 4/30/2059 EUR 60.158
Kreditanstalt fuer Wi 0.91810/11/2050 EUR 58.832
DNB Boligkreditt AS 1.634 2/13/2043 EUR 73.186
Centre Hospitalier Re 1.500 4/27/2050 EUR 74.555
Goldman Sachs Interna 2.500 7/26/2048 EUR 72.381
FLUVIUS System Operat 0.810 4/8/2033 EUR 72.364
DZ Bank AG Deutsche Z 1.20011/25/2050 EUR 54.802
Ministeries Van de Vl 0.60011/19/2055 EUR 39.736
Nederlandse Waterscha 1.650 5/27/2061 EUR 62.492
CDC Habitat SEM 1.060 5/22/2036 EUR 71.777
Nationale-Nederlanden 1.432 3/21/2039 EUR 75.337
Region Wallonne Belgi 0.638 6/21/2047 EUR 48.637
Agence Francaise de D 1.656 4/4/2054 EUR 64.018
Nykredit Realkredit A 1.000 10/1/2050 DKK 72.787
Vasakronan AB 1.000 6/15/2041 EUR 28.530
Bankinter SA 1.200 6/5/2035 EUR 75.314
Communaute Francaise 1.187 9/16/2069 EUR 51.810
Specialfastigheter Sv 1.180 12/2/2044 SEK 59.298
Caisse des Depots et 1.075 9/15/2050 EUR 52.482
Severn Trent Utilitie 1.457 8/1/2058 GBP 67.246
Severn Trent Utilitie 1.501 8/1/2058 GBP 68.511
National Grid Electri 1.797 7/14/2056 GBP 75.231
Societe Generale SA 3.920 12/9/2036 AUD 70.177
IT Holding Finance SA 9.87511/15/2012 EUR 0.015
Commune de Marseille 1.07911/19/2046 EUR 58.314
Bank Vontobel AG 18.000 6/28/2024 CHF 53.500
AutoWallis Nyrt 3.000 7/27/2031 HUF 70.100
Epito-Es Epuletkarban 3.00011/11/2030 HUF 65.500
VTB Bank PJSC 16.750 RUB 70.750
Landesbank Hessen-Thu 1.50011/17/2036 EUR 67.200
Rosseti Kuban PJSC 10.44011/21/2025 RUB 80.000
SG Issuer SA 2.10012/27/2033 EUR 45.060
Societe Generale SA 8.000 8/18/2026 USD 69.000
UBS AG/London 12.000 4/24/2025 USD 62.830
Region de Bruxelles-C 1.31012/15/2069 EUR 42.531
SG Issuer SA 0.100 6/11/2029 NZD 72.186
Nederlandse Waterscha 1.55111/24/2061 EUR 62.681
Sveriges Sakerstallda 1.378 7/13/2046 SEK 65.829
Landesbank Hessen-Thu 2.400 3/22/2052 EUR 68.546
Region de Bruxelles-C 0.900 6/28/2046 EUR 53.126
Region de Bruxelles-C 1.036 6/29/2049 EUR 50.143
Belfius Bank SA 1.296 2/20/2040 EUR 71.197
Region Occitanie 0.766 10/7/2041 EUR 61.849
State of North Rhine- 1.641 8/11/2066 EUR 60.604
Cooperatieve Rabobank 1.430 9/1/2036 EUR 72.995
State of Hesse 0.375 4/9/2040 EUR 62.138
DZ Bank AG Deutsche Z 1.84012/21/2048 EUR 71.370
UBS Group AG 2.370 2/25/2036 USD 68.964
United Utilities Wate 1.474 8/24/2031 USD 72.917
Assistance Publique H 0.800 3/23/2046 EUR 55.062
Region Wallonne Belgi 2.070 8/27/2049 EUR 70.267
Centre Hospitalier Un 1.160 9/6/2039 EUR 64.580
Ville de Paris 0.39512/18/2045 EUR 48.514
Region de Bruxelles-C 0.930 5/3/2051 EUR 49.095
Nederlandse Waterscha 0.932 12/2/2060 EUR 47.704
Autonomous Community 1.65510/31/2050 EUR 58.697
Assistance Publique H 1.81011/17/2043 EUR 72.571
Communaute Francaise 1.787 6/14/2044 EUR 69.278
Lloyds Bank PLC 2.450 7/20/2048 EUR 70.260
DZ Bank AG Deutsche Z 0.35011/10/2042 EUR 58.862
Santander Consumer Ba 9.520 NOK 61.217
Nordea Hypotek AB 2.25010/15/2048 SEK 76.534
Deutsche Pfandbriefba 0.50011/18/2030 EUR 69.554
Kreditanstalt fuer Wi 0.400 8/12/2040 EUR 64.360
Caisse des Depots et 1.902 9/11/2048 EUR 68.528
Landesbank Hessen-Thu 1.150 3/9/2037 EUR 69.081
Republic of Ireland I 1.230 6/1/2120 EUR 42.741
City of Hanover Germa 1.560 5/3/2048 EUR 71.478
Bausparkasse Wuestenr 0.485 6/25/2040 EUR 60.819
Department of L'Eure 1.110 6/18/2039 EUR 70.412
DZ HYP AG 0.205 6/5/2040 EUR 57.811
Landeskreditbank Bade 0.81212/16/2060 EUR 48.252
Caisse des Depots et 0.916 1/20/2051 EUR 50.058
Region de Bruxelles-C 1.065 6/12/2058 EUR 43.884
Aareal Bank AG 1.850 3/20/2035 EUR 68.734
Region de Bruxelles-C 0.910 1/31/2053 EUR 46.483
Nederlandse Waterscha 0.877 6/24/2054 EUR 50.240
Premium Green PLC 1.63012/30/2030 AUD 73.517
Republic of Ireland I 0.810 7/10/2079 EUR 39.610
Bayerische Landesbank 3.85011/18/2036 EUR 73.954
Agence Francaise de D 1.862 2/25/2054 EUR 67.821
Vasakronan AB 2.130 5/27/2041 SEK 71.028
Landesbank Baden-Wuer 0.880 5/29/2034 EUR 69.895
Lehman Brothers Treas 4.68012/12/2045 EUR 0.100
Caisse des Depots et 2.140 6/19/2045 EUR 74.866
FLUVIUS System Operat 3.00010/27/2044 EUR 75.061
Republic of Ireland I 1.10011/12/2096 EUR 42.002
DZ Bank AG Deutsche Z 2.240 8/22/2034 USD 78.486
Lehman Brothers Treas 5.637 10/5/2035 EUR 0.100
Severn Trent Utilitie 1.523 8/1/2058 GBP 68.697
Commerzbank AG 1.04612/18/2034 EUR 71.767
Sanctuary Capital PLC 2.48111/12/2037 GBP 69.068
Caisse Francaise de F 0.72610/29/2039 EUR 64.905
Agrokor dd 9.125 2/1/2020 EUR 15.000
Zurcher Kantonalbank 8.700 8/14/2024 EUR 65.030
Raiffeisenlandesbank 3.093 6/9/2036 EUR 54.370
Zurcher Kantonalbank 10.000 5/23/2024 CHF 66.160
Societe Generale SA 12.000 7/14/2026 USD 37.000
Raiffeisen Schweiz Ge 18.000 4/3/2024 CHF 54.290
UBS AG/London 26.000 3/22/2024 CHF 24.720
Quintet Private Bank 6.050 5/26/2026 USD 64.640
DZ Bank AG Deutsche Z 2.00012/29/2031 EUR 74.260
Leonteq Securities AG 30.000 2/6/2024 CHF 18.920
Specialfastigheter Sv 1.215 5/14/2035 SEK 73.963
Autonomous Community 1.744 7/1/2061 EUR 49.917
BNP Paribas SA 1.400 6/4/2041 EUR 66.019
Region Wallonne Belgi 1.961 5/22/2045 EUR 71.236
Vorosko Kereskedelmi 4.750 1/25/2032 HUF 70.500
Szinorg Universal zrt 3.000 5/15/2030 HUF 72.144
Banca Popolare di Son 1.59012/30/2035 EUR 74.609
Region Wallonne Belgi 1.272 10/3/2040 EUR 65.946
Credit Bank of Moscow 7.625 USD 25.456
Erste Group Bank AG 1.010 10/7/2041 EUR 56.074
Landesbank Hessen-Thu 1.370 9/22/2031 EUR 69.697
BPCE SA 2.160 10/6/2031 USD 75.914
Bayerische Landesbank 0.80010/16/2036 EUR 62.313
Vasakronan AB 1.77010/26/2033 NOK 72.300
Nederlandse Waterscha 2.000 8/6/2058 EUR 74.680
Batigere Grand Est SA 1.400 8/31/2050 EUR 53.861
Kuntarahoitus Oyj 1.449 3/1/2061 EUR 67.271
Caisse des Depots et 1.780 1/15/2048 EUR 67.361
Banque et Caisse d'Ep 1.270 5/7/2045 EUR 69.570
Region Auvergne-Rhone 0.645 4/9/2040 EUR 61.357
Oberbank AG 2.280 6/22/2038 EUR 71.853
Kuntarahoitus Oyj 0.983 11/3/2060 EUR 57.080
Serbia Treasury Bonds 1.500 3/26/2033 EUR 72.032
Intesa Sanpaolo Bank 3.10211/19/2035 AUD 65.568
Landesbank Saar 0.65011/19/2035 EUR 68.183
Credit Agricole Corpo 2.480 8/18/2050 USD 53.453
Bazalgette Finance Pl 0.174 5/16/2049 GBP 59.066
Cooperatieve Rabobank 1.850 3/29/2049 EUR 61.768
Ministeries Van de Vl 1.053 6/3/2050 EUR 52.568
Region Wallonne Belgi 2.160 2/23/2044 EUR 73.718
Evraz PLC 5.250 4/2/2024 USD 68.119
Bayerische Landesbank 0.400 7/15/2031 EUR 74.744
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.586
United Utilities Wate 0.010 12/9/2036 GBP 72.231
Region Wallonne Belgi 1.000 6/22/2045 EUR 56.934
BNP Paribas SA 1.300 1/28/2037 EUR 70.832
Willhem AB 1.82410/18/2038 SEK 66.283
Kommunekredit 1.700 6/26/2045 EUR 74.392
PJSC Koks via IMH Cap 5.900 9/23/2025 USD 8.614
Landesbank Baden-Wuer 0.570 12/7/2034 EUR 66.292
Land Thueringen 0.200 9/12/2039 EUR 62.693
Barclays Bank PLC 2.325 1/2/2041 USD 72.563
DLR Kredit A/S 0.500 10/1/2050 DKK 71.541
State of Hesse 0.450 9/23/2044 EUR 55.453
Alfa Bank AO Via Alfa 5.900 USD 9.146
United Kingdom Inflat 0.125 3/22/2073 GBP 66.486
Lloyds Bank PLC 1.920 4/16/2044 EUR 66.105
Zurcher Kantonalbank 8.100 2/2/2024 CHF 69.930
Barclays Bank PLC 9.00010/23/2024 USD 9.820
Citigroup Global Mark 3.880 3/2/2026 EUR 65.050
UBS AG/London 7.540 7/3/2024 USD 9.840
UBS AG/London 7.950 7/3/2024 USD 9.880
Societe Generale SA 8.000 9/18/2036 USD 69.400
Zurcher Kantonalbank 12.000 10/4/2024 EUR 71.940
Societe Generale SA 14.40012/14/2023 USD 21.450
ArmSwissBank CJSC 9.000 6/1/2025 AMD 0.000
Vontobel Financial Pr 8.400 12/4/2023 EUR 71.410
Zurcher Kantonalbank 12.500 2/14/2024 CHF 63.310
Landesbank Baden-Wuer 1.500 4/16/2039 EUR 72.230
Zurcher Kantonalbank 8.500 8/19/2024 CHF 56.510
Zurcher Kantonalbank 10.150 8/19/2024 EUR 57.720
VTB Bank PJSC 3.750 EUR 45.000
Credit Suisse AG/Lond 14.30012/15/2023 USD 44.230
Opus Global Nyrt 2.80010/29/2029 HUF 70.000
ArmSwissBank CJSC 6.750 6/15/2024 USD 0.000
ABN AMRO Bank NV 1.070 3/3/2041 EUR 59.482
Credit Agricole Corpo 1.550 9/8/2031 AUD 72.321
Raiffeisen-Landesbank 0.050 9/13/2033 EUR 71.086
Bibby Offshore Servic 7.500 6/15/2021 GBP 11.625
Raiffeisenverband Sal 1.853 2/5/2049 EUR 69.375
Cooperatieve Rabobank 1.300 3/28/2039 EUR 74.321
NIBC Bank NV 0.660 7/14/2031 EUR 74.637
Hypo Vorarlberg Bank 0.500 6/23/2031 EUR 72.390
ASCE Group OJSC 7.000 6/11/2031 USD 60.796
Communaute Francaise 1.115 7/11/2039 EUR 67.025
Sequa Petroleum NV 5.000 4/29/2020 USD 30.250
Pick Szeged Szalamigy 2.000 12/6/2029 HUF 73.890
VTB Bank PJSC 7.600 4/2/2031 RUB 60.010
Ukraine Government Bo 11.900 10/8/2025 UAH 70.091
Belfius Bank SA 1.550 1/28/2039 EUR 75.265
Commerzbank AG 1.430 1/23/2040 EUR 69.625
Parnassia Groep BV 1.470 12/1/2045 EUR 63.148
NRW Bank 0.80010/22/2060 EUR 44.452
Nederlandse Waterscha 1.577 12/9/2039 GBP 64.299
BPCE SFH SA 1.403 1/13/2039 EUR 74.190
Republic of Ireland I 1.230 5/29/2120 EUR 42.527
Kuntarahoitus Oyj 1.005 12/7/2060 EUR 57.296
SG Issuer SA 2.70011/28/2034 ZAR 42.992
Sparkasse Oberoesterr 0.200 3/22/2033 EUR 75.450
Muenchener Hypotheken 1.003 3/9/2060 EUR 49.631
Barclays Bank PLC 3.020 3/26/2051 USD 60.960
Region Provence-Alpes 1.525 6/29/2037 EUR 75.754
Communaute Francaise 2.100 6/30/2067 EUR 64.098
Banque et Caisse d'Ep 0.900 8/6/2042 EUR 67.517
Muenchener Hypotheken 1.010 8/6/2044 EUR 56.696
Goldman Sachs Interna 2.034 7/7/2036 EUR 72.700
Region Auvergne-Rhone 0.697 8/2/2036 EUR 69.974
Muenchener Hypotheken 1.000 6/30/2037 EUR 67.344
Ukraine Government Bo 6.000 9/13/2028 UAH 40.731
Hungary Government Bo 4.000 4/28/2051 HUF 65.107
Deutsche Apotheker-un 1.616 1/15/2038 EUR 69.953
Nordea Eiendomskredit 2.200 6/17/2043 NOK 74.930
Muenchener Hypotheken 0.42012/10/2035 EUR 67.010
Kreditanstalt fuer Wi 1.143 4/15/2050 EUR 63.072
Republic of Ireland I 1.200 4/15/2120 EUR 41.104
Communaute Francaise 1.340 7/1/2054 EUR 54.181
Region Wallonne Belgi 2.100 6/26/2048 EUR 72.415
Communaute Francaise 0.392 1/22/2041 EUR 56.500
Region Auvergne-Rhone 0.805 7/26/2039 EUR 65.542
BPCE SA 2.250 3/13/2040 AUD 54.945
Region of Pays de la 1.70410/23/2040 EUR 72.328
Autonomous Community 0.81010/31/2040 EUR 60.263
Nomura Bank Internati 0.400 11/5/2030 EUR 74.078
BNP Paribas SA 3.660 8/9/2039 AUD 70.134
NRW Bank 1.020 8/1/2049 EUR 55.399
Kuntarahoitus Oyj 1.078 5/6/2039 EUR 75.240
Deutsche Bank AG 2.330 2/11/2043 EUR 65.230
Region Auvergne-Rhone 0.800 5/22/2040 EUR 62.542
Hypo Tirol Bank AG 0.740 5/29/2040 EUR 63.854
Region Auvergne-Rhone 1.150 4/8/2039 EUR 70.001
Barclays Bank PLC 2.50012/29/2032 USD 70.921
Region Wallonne Belgi 1.300 6/16/2068 EUR 45.982
Landesbank Hessen-Thu 1.383 3/28/2042 EUR 71.993
Ministeries Van de Vl 1.874 3/28/2058 EUR 59.041
DZ Bank AG Deutsche Z 0.800 1/21/2041 EUR 64.815
Municipality of Eindh 1.785 5/30/2047 EUR 74.095
Deutsche Bank AG/Lond 14.900 5/30/2028 TRY 54.950
Premium Green PLC 1.63012/30/2030 AUD 73.517
Department of Bouches 1.068 5/21/2048 EUR 56.203
Jyske Realkredit A/S 1.000 10/1/2056 DKK 65.814
DZ Bank AG Deutsche Z 0.625 7/21/2036 EUR 65.360
Purple Protected Asse 1.518 1/25/2061 EUR 66.605
Deutsche Pfandbriefba 1.720 3/7/2042 EUR 75.172
BNP Paribas SA 0.720 7/1/2031 EUR 75.618
Region Auvergne-Rhone 0.49310/23/2037 EUR 65.200
Norddeutsche Landesba 1.09011/15/2043 EUR 67.025
ABN AMRO Bank NV 0.45012/12/2036 EUR 69.321
SCC Power PLC 6.00012/31/2028 USD 52.470
Communaute Francaise 2.350 8/18/2062 EUR 70.384
Natixis SA 2.920 9/5/2039 AUD 59.783
Erste Group Bank AG 1.230 5/29/2033 EUR 74.093
Landesbank Hessen-Thu 0.75011/14/2034 EUR 69.306
Housing & Care 21 3.288 11/8/2049 GBP 67.031
Department of Bouches 0.81012/16/2041 EUR 62.065
Commerzbank AG 1.200 2/25/2036 EUR 73.931
Kreditanstalt fuer Wi 1.07512/20/2049 EUR 62.433
Credit Agricole Corpo 0.650 11/5/2034 EUR 69.931
Credit Agricole SA 6.750 9/29/2042 AUD 73.205
NRW Bank 1.23512/16/2061 EUR 52.520
Raiffeisen-Landesbank 0.18010/10/2034 EUR 69.012
Communaute Francaise 1.367 1/20/2070 EUR 55.952
Commerzbank AG 1.21912/12/2039 EUR 67.847
HSBC Bank PLC 10.30012/10/2024 TRY 75.183
ING Groep NV 0.975 2/14/2034 EUR 74.448
Ile-de-France Mobilit 1.000 12/2/2043 EUR 61.868
Societe Generale SA 1.51012/20/2044 EUR 64.688
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 1.537
Credit Agricole CIB F 0.810 11/1/2033 EUR 72.219
Ukraine Government In 12.520 5/13/2026 UAH 73.826
Northland Resources A 4.00010/15/2020 USD 0.271
Centrosolar Group AG 7.000 2/15/2016 EUR 2.505
BNP Paribas SA 0.50011/16/2032 MXN 39.884
SG Issuer SA 1.500 1/24/2034 EUR 61.150
Societe Generale SA 12.00012/31/2036 USD 64.700
Pongs & Zahn AG 8.500 11/1/2014 EUR 0.010
Credit Suisse AG/Lond 16.30012/26/2023 USD 39.090
DekaBank Deutsche Gir 2.500 2/2/2024 EUR 29.140
UBS AG/London 22.000 3/15/2024 CHF 56.350
Zurcher Kantonalbank 21.750 2/8/2024 CHF 45.450
Leonteq Securities AG 19.000 2/16/2024 CHF 44.370
Leonteq Securities AG 27.00012/22/2023 CHF 46.420
Zurcher Kantonalbank 6.900 5/10/2024 CHF 57.860
Region Occitanie 1.339 3/21/2042 EUR 68.509
State of North Rhine- 1.513 7/27/2065 EUR 58.442
SG Issuer SA 2.100 3/30/2034 EUR 70.280
SG Issuer SA 1.600 4/21/2034 EUR 66.810
BPCE SA 2.730 10/5/2036 AUD 65.104
DZ HYP AG 1.226 8/25/2036 EUR 67.447
Caisse des Depots et 2.345 1/29/2050 AUD 52.179
Agence Francaise de D 2.360 1/30/2045 AUD 56.086
Region Wallonne Belgi 1.240 5/28/2069 EUR 44.271
BNG Bank NV 1.87311/24/2047 EUR 72.661
Basque Government 1.750 4/22/2050 EUR 61.162
Credit Agricole SA 3.610 4/20/2036 AUD 64.926
Land Thueringen 0.250 3/5/2040 EUR 62.057
Cooperatieve Rabobank 2.255 9/20/2047 EUR 69.381
Ville de Paris 0.760 5/25/2066 EUR 35.098
Nederlandse Waterscha 2.030 9/28/2058 EUR 71.147
Raiffeisen-Landesbank 1.380 7/24/2059 EUR 54.360
Nederlandse Waterscha 2.032 1/23/2058 EUR 74.218
Raiffeisen-Landesbank 1.140 4/26/2051 EUR 55.981
Kreditanstalt fuer Wi 0.820 4/15/2050 EUR 58.064
Nederlandse Waterscha 1.955 6/28/2058 EUR 72.637
Hamburgische Investit 0.380 2/24/2042 EUR 61.963
Cooperatieve Rabobank 2.360 9/25/2047 EUR 70.758
National Grid Electri 2.020 3/12/2032 AUD 73.031
Hypo Vorarlberg Bank 0.375 11/4/2030 EUR 73.563
BPCE SA 2.31511/19/2035 AUD 63.611
Autonomous Community 1.08910/31/2049 EUR 51.251
Kuntarahoitus Oyj 1.15511/19/2060 EUR 48.841
French Republic Gover 0.500 6/25/2044 EUR 57.997
Caisse des Depots et 0.945 5/19/2051 EUR 50.890
Land Thueringen 1.127 4/2/2049 EUR 60.649
Region Wallonne Belgi 0.970 6/24/2043 EUR 59.311
Societe Generale SA 2.300 1/28/2036 USD 63.589
BNP Paribas SA 3.750 6/12/2040 AUD 73.827
Ministeries Van de Vl 1.095 6/3/2055 EUR 47.933
Republic of Austria G 0.100 7/10/2040 EUR 60.307
Agence Francaise de D 2.330 2/10/2041 AUD 60.743
Agence Metropolitaine 0.800 7/1/2040 EUR 64.694
State of North Rhine- 1.650 5/16/2047 EUR 72.156
Ministeries Van de Vl 1.39211/12/2041 EUR 66.242
Grand City Properties 2.800 2/25/2039 EUR 68.377
Kreditanstalt fuer Wi 1.115 5/17/2041 EUR 70.303
Deutsche Bank AG 2.267 8/25/2034 EUR 71.614
BNP Paribas SA 1.45011/17/2041 EUR 66.213
NRW Bank 1.245 9/7/2060 EUR 53.625
Citigroup Global Mark 1.010 12/1/2034 EUR 71.812
Caisse des Depots et 3.000 11/8/2051 AUD 59.853
Credit Mutuel Arkea S 1.165 9/23/2039 EUR 65.574
Norske Skogindustrier 7.12510/15/2033 USD 0.010
Lehman Brothers Treas 8.875 1/28/2011 HKD 0.100
Barclays Bank PLC 1.24011/14/2034 EUR 73.941
Landesbank Hessen-Thu 0.850 3/12/2035 EUR 69.496
BNP Paribas SA 1.000 11/5/2036 EUR 67.717
Italy Buoni Poliennal 2.700 3/1/2047 EUR 74.397
Windreich GmbH 6.750 3/1/2015 EUR 4.146
Natixis SA 3.60011/11/2041 AUD 63.157
Batigere Grand Est SA 1.60011/14/2044 EUR 62.432
Kreditanstalt fuer Wi 0.68011/12/2039 EUR 66.240
Barclays Bank PLC 1.988 12/1/2040 USD 70.450
Landesbank Baden-Wuer 10.000 6/28/2024 EUR 65.040
OPUS TIGAZ Gazhalozat 2.800 3/24/2031 HUF 64.000
Societe Generale SA 1.580 9/16/2024 USD 3.650
TKK OOO 10.90012/31/2033 RUB 60.100
UBS AG/London 7.060 5/6/2024 USD 9.940
Leonteq Securities AG 17.000 2/21/2024 CHF 52.290
Corner Banca SA 21.000 2/20/2024 CHF 45.310
Flextronics Internati 3.600 12/6/2031 HUF 70.000
DekaBank Deutsche Gir 6.200 12/7/2023 EUR 69.500
Market Epito Zrt 2.95010/22/2029 HUF 68.000
Credit Suisse AG/Lond 1.400 11/4/2025 CHF 60.610
Dr Wiesent Sozial gGm 7.000 EUR 0.001
ING Bank NV 2.900 6/23/2051 USD 64.530
Bayerische Landesbank 1.100 1/26/2024 EUR 53.430
Alteo Nyrt 2.450 10/8/2031 HUF 70.100
Ukraine Government Bo 11.940 6/24/2026 UAH 66.040
Credit Agricole SA 3.270 10/5/2041 AUD 56.773
Malta Government Bond 1.000 8/23/2035 EUR 74.000
Deutsche Pfandbriefba 1.500 8/25/2041 EUR 73.130
SG Issuer SA 3.00010/10/2034 ZAR 45.124
SG Issuer SA 3.300 9/26/2034 ZAR 46.995
Serbia Treasury Bonds 2.250 2/26/2041 EUR 62.617
Cooperatieve Rabobank 2.940 3/11/2036 AUD 72.033
Agence Francaise de D 1.600 7/25/2043 EUR 71.841
BNG Bank NV 2.020 8/7/2058 EUR 73.450
Kreditanstalt fuer Wi 0.650 2/24/2041 EUR 66.050
Ukraine Government Bo 8.12011/10/2035 UAH 30.663
Department of L'Eure 0.44210/25/2045 EUR 50.425
Hypo-Bank Burgenland 2.010 2/7/2048 EUR 72.281
Region Bourgogne-Fran 0.300 12/3/2040 EUR 57.642
Communaute Francaise 2.105 7/23/2068 EUR 64.462
DZ Bank AG Deutsche Z 0.52011/23/2033 EUR 71.213
Region Wallonne Belgi 2.05710/19/2043 EUR 72.710
Bayerische Landesbode 0.03010/22/2035 EUR 68.487
Goldman Sachs Interna 2.500 3/24/2040 EUR 75.976
Regie Autonome des Tr 0.938 5/25/2050 EUR 51.646
Lloyds Bank PLC 2.520 9/4/2038 SEK 74.972
BNG Bank NV 2.000 9/5/2058 EUR 68.486
Kreditanstalt fuer Wi 0.980 2/9/2042 EUR 69.199
Landesbank Hessen-Thu 1.200 2/9/2052 EUR 58.495
Landesbank Hessen-Thu 2.435 2/6/2048 EUR 69.050
BNG Bank NV 1.410 7/28/2031 AUD 75.201
Region Wallonne Belgi 1.222 6/24/2080 EUR 43.176
Societe Generale SA 2.300 4/20/2048 EUR 74.475
French Republic Gover 0.500 5/25/2040 EUR 64.982
Abengoa Abenewco 1 SA 6.000 6/10/2022 EUR 0.454
Region Wallonne Belgi 1.220 6/12/2050 EUR 54.799
Premium Green PLC 1.610 9/30/2030 AUD 74.345
SAir Group 6.25010/27/2002 CHF 10.000
UniCredit Bank AG 1.120 5/14/2057 EUR 51.984
Region de Bruxelles-C 1.620 2/8/2044 EUR 68.482
Department of Val d'O 0.929 5/19/2041 EUR 64.635
Deutsche Bank AG 0.650 6/3/2031 EUR 75.057
Landwirtschaftliche R 0.984 2/4/2042 EUR 65.596
Novolipetsk Steel Via 1.450 6/2/2026 EUR 69.255
BNG Bank NV 0.562 6/7/2051 EUR 56.975
Kreditanstalt fuer Wi 1.208 6/17/2051 EUR 63.767
Metropole de Lyon 0.50012/28/2048 EUR 46.462
Kommunalkredit Austri 0.570 9/15/2037 EUR 65.525
Kommunalkredit Austri 1.055 10/6/2031 EUR 72.595
Communaute Francaise 2.041 4/12/2069 EUR 64.434
UniCredit Bank AG 2.25010/14/2039 EUR 71.845
Communaute Francaise 0.785 8/24/2050 EUR 48.571
Assistance Publique H 0.490 9/30/2040 EUR 60.375
Region Centre 0.924 11/2/2043 EUR 58.732
NRW Bank 1.245 11/4/2051 EUR 59.879
Muenchener Hypotheken 1.692 11/6/2051 EUR 68.213
Espirito Santo Financ 5.05011/15/2025 EUR 0.389
United Utilities Wate 1.55610/25/2056 GBP 69.836
Stichting Afwikkeling 6.625 5/14/2018 EUR 43.625
KPNQwest NV 8.875 2/1/2008 EUR 0.783
Caisse des Depots et 0.606 9/30/2039 EUR 63.084
BNP Paribas SA 1.000 1/23/2040 MXN 22.691
HSBC Continental Euro 1.38511/18/2039 EUR 68.643
Assistance Publique H 0.750 12/3/2041 EUR 62.282
Heta Asset Resolution 4.09912/31/2023 EUR 1.384
Credit Suisse AG/Lond 4.700 7/1/2046 AUD 71.514
Nederlandse Waterscha 0.964 6/11/2059 EUR 51.802
Banco Espirito Santo 10.000 12/6/2021 EUR 0.397
Communaute Francaise 0.94810/11/2059 EUR 44.098
Autonomous Community 1.950 5/24/2041 EUR 72.432
Zurcher Kantonalbank 22.000 8/6/2024 USD 75.160
Swissquote Bank SA 27.050 7/31/2024 CHF 64.980
BNP Paribas Issuance 1.300 4/22/2026 EUR 57.220
Landesbank Hessen-Thu 0.75011/17/2036 EUR 71.100
Raiffeisen Switzerlan 17.50012/27/2023 CHF 42.470
Evan Group PLC 6.000 7/31/2022 EUR 2.022
SG Issuer SA 1.250 2/28/2033 EUR 47.000
Basler Kantonalbank 24.000 3/8/2024 CHF 27.530
Skandinaviska Enskild 4.500 11/7/2024 EUR 61.350
Landesbank Baden-Wuer 2.600 1/26/2024 EUR 58.090
Landesbank Baden-Wuer 6.750 4/26/2024 EUR 30.770
RUSAL Bratsk OJSC 0.010 4/7/2026 RUB 73.810
EFG International Fin 22.000 1/9/2024 CHF 55.400
Raiffeisen Switzerlan 9.000 2/24/2025 EUR 62.090
Rosbank PJSC 0.030 4/30/2024 RUB 70.000
ACBA Bank OJSC 11.500 3/1/2026 AMD 0.000
Zurcher Kantonalbank 12.25012/15/2023 CHF 53.350
Rosbank PJSC 0.040 4/30/2024 RUB 70.000
VTB Bank PJSC 18.750 RUB 70.010
Credit Suisse AG/Lond 20.00011/29/2024 USD 14.140
Citigroup Global Mark 1.000 9/30/2036 EUR 68.991
Erste Group Bank AG 0.950 5/5/2035 EUR 67.752
DZ Bank AG Deutsche Z 0.550 9/9/2036 EUR 69.747
Societe Publique de G 1.272 8/23/2036 EUR 73.653
MS Deutschland Beteil 6.87512/18/2017 EUR 0.151
Societe Generale SA 27.30010/20/2025 USD 9.000
Aareal Bank AG 0.255 9/17/2029 EUR 75.564
BPCE SFH SA 1.344 2/18/2041 EUR 71.487
Norske Skog Holding A 8.000 2/24/2023 USD 0.006
BNG Bank NV 1.627 4/25/2046 EUR 73.744
Agrokor dd Via Aquari 4.921 8/8/2017 EUR 14.625
Aareal Bank AG 1.300 9/19/2031 EUR 74.037
Region Wallonne Belgi 1.127 10/3/2036 EUR 72.090
Deutsche Bank AG 2.530 10/7/2036 USD 69.596
Raiffeisenlandesbank 0.620 9/29/2031 EUR 74.196
Hungary Government Bo 3.000 4/25/2041 HUF 61.992
BPCE SFH SA 1.53612/21/2038 EUR 75.776
Kreditanstalt fuer Wi 0.951 9/9/2050 EUR 57.728
Societe Generale SA 0.690 4/21/2033 EUR 74.679
Wirtschafts- und Infr 0.170 12/9/2041 EUR 56.872
Region de Bruxelles-C 1.500 8/2/2038 EUR 72.275
Cooperatieve Rabobank 3.000 3/25/2036 AUD 72.474
HSBC Bank PLC 2.230 9/6/2047 EUR 69.749
Natixis SA 2.800 3/3/2041 USD 68.888
Cooperatieve Rabobank 2.09012/27/2047 EUR 66.603
Standard Chartered Ba 3.000 4/30/2036 AUD 66.704
DZ Bank AG Deutsche Z 0.700 4/29/2036 EUR 72.364
Agence Francaise de D 1.774 3/24/2044 EUR 73.594
Deutsche Bank AG/Lond 4.320 6/15/2037 AUD 72.913
Assistance Publique H 0.630 7/30/2042 EUR 58.584
Ukraine Government Bo 6.000 8/28/2030 UAH 32.635
BNP Paribas SA 2.400 6/14/2048 EUR 75.346
Specialfastigheter Sv 2.375 6/25/2048 SEK 75.234
Agence Francaise de D 0.537 7/16/2040 EUR 63.855
Regie Autonome des Tr 1.900 6/26/2048 EUR 71.642
Kreditanstalt fuer Wi 0.990 2/12/2051 EUR 59.694
Land Berlin 0.150 2/22/2036 EUR 70.052
Credit Agricole Corpo 2.800 2/23/2041 AUD 60.720
Kuntarahoitus Oyj 1.005 11/4/2060 EUR 57.282
Agence France Locale 0.21012/20/2035 EUR 68.435
Agence Francaise de D 1.95011/19/2053 EUR 64.242
Ile-de-France Mobilit 0.20011/16/2035 EUR 68.882
Caisse Francaise de F 0.51011/19/2040 EUR 61.339
Credit Agricole Corpo 3.200 3/19/2041 AUD 63.912
Aareal Bank AG 1.465 7/24/2029 EUR 75.083
Wirtschafts- und Infr 0.650 2/8/2039 EUR 67.992
Caisse des Depots et 1.150 2/3/2042 EUR 63.965
Caisse Francaise de F 1.668 2/23/2043 EUR 73.761
Vasakronan AB 2.277 3/11/2039 EUR 43.302
French Republic Gover 0.500 5/25/2072 EUR 36.239
Region Wallonne Belgi 0.850 1/26/2071 EUR 36.945
Deutsche Bank AG/Lond 3.97710/10/2042 USD 73.797
Saastopankkien Keskus 0.860 1/18/2036 EUR 69.200
Caisse des Depots et 1.617 3/18/2049 EUR 63.865
Natixis SA 4.510 4/12/2043 AUD 71.808
Premium Green PLC 1.650 3/28/2031 AUD 72.451
Premium Green PLC 1.650 3/28/2031 AUD 72.732
Communaute Francaise 0.782 2/8/2061 EUR 39.523
Nykredit Realkredit A 1.182 1/17/2034 EUR 73.235
Kingdom of Belgium Go 1.400 6/22/2053 EUR 61.474
Aareal Bank AG 1.576 2/23/2032 EUR 75.089
Region de Bruxelles-C 1.500 2/15/2039 EUR 74.497
Nederlandse Waterscha 1.437 3/4/2042 EUR 73.297
de Volksbank NV 1.552 4/12/2040 EUR 75.103
Cie de Financement Fo 1.270 4/26/2039 EUR 73.824
Bayerische Landesbank 1.690 4/23/2037 EUR 69.883
Autonomous Community 1.44210/26/2049 EUR 56.385
Cie Generale de Navig 0.35012/29/2056 CHF 71.349
Kuntarahoitus Oyj 0.854 1/14/2060 EUR 55.322
Region de Bruxelles-C 2.344 2/14/2053 EUR 70.754
Department of L'Eure 0.515 5/25/2040 EUR 61.421
Region Centre 0.668 11/2/2035 EUR 71.038
Yorkshire Water Servi 1.758 2/1/2054 GBP 71.642
Banca di Cividale SpA 4.120 10/2/2036 EUR 69.966
Caisse des Depots et 1.410 5/21/2049 EUR 60.408
Cerruti Finance SA 6.500 7/26/2004 EUR 0.901
Region de Bruxelles-C 0.845 9/30/2059 EUR 39.050
Credit Agricole Corpo 1.280 12/5/2039 EUR 69.629
Aareal Bank AG 1.068 2/18/2050 EUR 57.666
Department of Bouches 0.500 10/5/2043 EUR 54.682
SpareBank 1 SR-Bank A 0.970 10/9/2040 EUR 59.857
Hypo Vorarlberg Bank 0.39010/21/2030 EUR 74.027
Caisse des Depots et 2.61511/15/2049 AUD 55.800
Caisse des Depots et 0.750 11/6/2048 EUR 50.909
Bayerische Landesbank 1.620 5/21/2036 EUR 70.954
Caisse des Depots et 1.474 6/5/2049 EUR 60.215
Aareal Bank AG 3.60012/11/2042 EUR 74.870
Opus Global Nyrt 3.200 4/29/2031 HUF 71.000
Landesbank Baden-Wuer 6.850 8/23/2024 EUR 74.580
UBS AG/London 7.300 10/3/2024 USD 9.880
LP Portfolio Vagyonke 2.80011/30/2030 HUF 70.000
Credit Suisse AG/Lond 7.00012/17/2026 EUR 70.290
Pannon Work Szemelyze 3.00010/30/2030 HUF 72.950
LP Portfolio Vagyonke 3.400 9/23/2031 HUF 64.600
ITK Holding zrt 2.900 6/23/2031 HUF 68.200
Infogroup Holding Kft 3.000 5/20/2031 HUF 69.750
Credit Suisse AG/Lond 7.250 8/14/2024 CHF 70.820
VTB Bank PJSC 10.000 RUB 58.560
Landesbank Hessen-Thu 1.500 1/20/2037 EUR 65.350
Bank Julius Baer & Co 13.600 6/17/2024 CHF 60.400
Appeninn Holding 3.50011/22/2029 HUF 71.000
Swissquote Bank SA 25.390 5/30/2024 CHF 56.480
Wingholding Zrt 3.000 9/22/2031 HUF 67.300
MKB-Leasing OOO 14.70012/22/2027 RUB 65.000
UBS AG/London 15.500 1/18/2024 CHF 56.350
SkyGreen Buildings Kf 3.00012/29/2030 HUF 68.750
Societe Generale SA 11.000 7/14/2026 USD 11.600
Vontobel Financial Pr 24.00012/22/2023 EUR 52.310
Societe Generale SA 20.000 1/29/2026 USD 16.750
MKB-Leasing OOO 16.00010/12/2026 RUB 70.020
Zurcher Kantonalbank 16.700 4/19/2024 CHF 58.840
Zurcher Kantonalbank 10.000 6/6/2024 CHF 67.030
Bank Julius Baer & Co 13.350 5/14/2024 CHF 65.150
Zurcher Kantonalbank 10.000 2/27/2024 CHF 71.370
Mercedes-Benz Manufac 1.500 3/16/2027 HUF 75.000
B+N Referencia Ipari 2.90012/20/2029 HUF 74.200
Bayerische Landesbank 1.450 1/26/2024 EUR 73.470
Hell Energy Magyarors 2.70012/18/2029 HUF 71.400
Lehman Brothers Treas 4.050 9/16/2008 EUR 0.100
Norddeutsche Landesba 1.280 9/2/2039 EUR 62.428
Lloyds Bank PLC 2.280 1/29/2044 EUR 70.235
Merrill Lynch BV 2.510 8/25/2036 USD 72.441
Assistance Publique H 0.634 8/27/2045 EUR 50.455
Landesbank Hessen-Thu 0.750 8/19/2036 EUR 62.734
Federal Grid Co - Ros 7.000 6/30/2048 RUB 55.000
Kreditanstalt fuer Wi 2.760 8/8/2046 USD 72.512
Landesbank Hessen-Thu 0.800 2/26/2035 EUR 69.169
Assistance Publique H 1.183 4/16/2050 EUR 55.824
Lloyds Bank PLC 1.765 8/17/2037 EUR 71.421
Muenchener Hypotheken 1.002 2/21/2050 EUR 57.429
Caisse des Depots et 0.571 2/18/2041 EUR 60.001
Lloyds Bank PLC 2.170 8/28/2038 EUR 74.416
BNP Paribas SA 3.180 7/23/2034 AUD 70.341
Caisse des Depots et 1.548 8/9/2038 EUR 75.380
Vasakronan AB 2.533 1/28/2044 EUR 39.871
Bayerische Landesbank 1.68012/18/2037 EUR 68.617
CDC Habitat SEM 1.170 5/4/2037 EUR 71.510
Brussels Municipaliti 0.33612/15/2035 EUR 68.748
Barclays Bank PLC 2.000 5/7/2036 MXN 30.641
Department of Val d'O 0.39011/18/2041 EUR 56.782
Societe Du Grand Pari 2.14511/26/2068 EUR 61.485
Societe Du Grand Pari 1.149 4/8/2069 EUR 40.665
BNP Paribas SA 3.580 7/23/2040 AUD 72.177
Landesbank Saar 0.680 3/29/2034 EUR 71.537
Kuntarahoitus Oyj 1.220 3/27/2060 EUR 61.931
Muenchener Hypotheken 1.17210/30/2047 EUR 64.033
BNP Paribas SA 1.050 3/29/2036 EUR 70.627
Caisse des Depots et 1.460 1/24/2052 EUR 57.602
Landesbank Hessen-Thu 1.350 3/16/2037 EUR 70.948
DNB Boligkreditt AS 1.569 1/31/2042 EUR 73.347
Senvion Holding GmbH 3.87510/25/2022 EUR 0.103
Region Wallonne Belgi 0.808 6/24/2038 EUR 66.494
CDC Habitat SEM 1.700 3/21/2039 EUR 73.549
BNG Bank NV 1.603 3/19/2048 EUR 68.959
DZ Bank AG Deutsche Z 0.550 1/21/2036 EUR 65.902
Spain Government Bond 1.20010/31/2040 EUR 67.564
BNP Paribas SA 1.660 2/26/2031 USD 74.994
Kingdom of Belgium Go 0.650 6/22/2071 EUR 39.749
Ministeries Van de Vl 1.56411/12/2046 EUR 64.908
DNB Boligkreditt AS 1.23011/18/2039 EUR 71.914
Deutsche Pfandbriefba 0.480 5/19/2031 EUR 67.605
Region Bourgogne-Fran 0.841 5/12/2037 EUR 68.398
Royal Schiphol Group 2.89010/25/2034 AUD 74.692
Kreditanstalt fuer Wi 2.820 11/8/2046 USD 73.455
SAir Group 2.125 11/4/2004 CHF 10.000
Credit Agricole SA 1.000 4/6/2035 EUR 70.430
National Grid Electri 1.608 8/24/2040 GBP 54.932
NRW Bank 0.71010/22/2036 EUR 73.911
BPCE SA 3.00011/18/2036 AUD 67.297
Landeskreditbank Bade 1.236 5/22/2045 EUR 68.868
Landesbank Baden-Wuer 0.560 9/22/2033 EUR 69.028
BNP Paribas SA 2.75010/24/2034 AUD 66.333
BNP Paribas SA 2.730 9/27/2034 AUD 66.357
HSBC Continental Euro 0.80012/13/2034 EUR 67.846
Landesbank Hessen-Thu 0.950 2/12/2035 EUR 70.563
HSBC Continental Euro 1.200 9/26/2039 EUR 66.564
Communaute Francaise 1.140 9/20/2059 EUR 46.634
Lehman Brothers Treas 10.600 4/22/2014 MXN 0.100
Department of Bouches 0.45010/15/2041 EUR 57.743
Collectivite Europeen 0.487 10/9/2045 EUR 51.154
Credit Bank of Moscow 4.700 1/29/2025 USD 35.110
Nederlandse Waterscha 0.50110/24/2039 EUR 64.917
Batigere Grand Est SA 1.55011/14/2039 EUR 69.106
Region Occitanie 0.83411/18/2044 EUR 57.553
Citigroup Global Mark 1.20012/23/2036 EUR 70.079
Vasakronan AB 1.870 6/3/2039 EUR 39.177
SG Issuer SA 1.750 4/21/2034 EUR 75.340
Bank Vontobel AG 12.000 9/23/2024 EUR 73.400
Zurcher Kantonalbank 15.000 4/3/2024 CHF 57.860
Credit Suisse AG/Lond 10.00010/31/2024 EUR 64.640
Nordea Bank Abp 3.050 7/20/2026 SEK 74.250
UBS AG/London 16.500 7/22/2024 CHF 56.150
SG Issuer SA 1.750 3/17/2034 EUR 63.580
Raiffeisen Switzerlan 20.000 5/8/2024 EUR 58.500
SG Issuer SA 1.05011/20/2025 EUR 10.170
Landesbank Hessen-Thu 1.00010/14/2036 EUR 64.950
Vontobel Financial Pr 12.000 7/22/2024 EUR 55.550
Leonteq Securities AG 8.000 5/30/2024 CHF 64.360
Leonteq Securities AG 11.000 12/7/2023 CHF 18.110
Zurcher Kantonalbank 8.500 6/19/2024 CHF 66.930
Zurcher Kantonalbank 8.500 7/19/2024 CHF 70.390
Leonteq Securities AG 28.000 5/30/2024 CHF 59.770
Zurcher Kantonalbank 12.000 4/26/2024 EUR 56.190
Bank Julius Baer & Co 15.300 6/17/2024 EUR 60.500
Zurcher Kantonalbank 17.000 3/13/2024 CHF 61.500
Nordea Bank Abp 2.000 2/3/2026 SEK 51.680
Societe Generale SA 24.000 8/30/2024 USD 48.620
SG Issuer SA 1.800 8/14/2034 EUR 62.950
Zurcher Kantonalbank 15.000 3/6/2024 CHF 65.180
MASTERPLAST Nyrt 2.900 8/25/2031 HUF 67.500
Landesbank Hessen-Thu 0.80011/26/2035 EUR 65.300
Veragold Mining Co Gm 5.00012/31/2025 EUR 73.000
ArmSwissBank CJSC 6.500 5/2/2025 USD 0.000
UBS AG/London 0.537 1/3/2024 USD 2.740
TKK OOO 12.000 9/20/2046 RUB 60.100
Citigroup Global Mark 1.80011/17/2036 EUR 64.680
UBS AG/London 8.000 4/7/2025 CHF 66.250
JP Morgan Structured 12.200 4/22/2025 USD 0.000
Raiffeisen Switzerlan 4.300 1/14/2025 CHF 75.660
Landesbank Hessen-Thu 1.750 2/16/2037 EUR 69.700
Landesbank Hessen-Thu 1.50012/10/2036 EUR 68.250
UniCredit Bank AG 10.600 6/28/2024 EUR 66.720
Hamburg Commercial Ba 2.597 2/1/2036 EUR 63.170
Zurcher Kantonalbank 17.400 4/19/2024 USD 57.610
Region of Chelyabinsk 6.00012/17/2027 RUB 70.000
Zurcher Kantonalbank 8.000 4/5/2024 CHF 68.950
Leonteq Securities AG 24.500 1/26/2024 CHF 16.700
Zurcher Kantonalbank 9.000 2/9/2024 CHF 69.930
UniCredit Bank AG 5.550 7/1/2024 EUR 70.700
Zurcher Kantonalbank 10.000 1/30/2024 USD 68.980
Raiffeisen Schweiz Ge 20.000 9/11/2024 CHF 64.820
Bank Vontobel AG 9.250 2/19/2024 EUR 53.700
DZ Bank AG Deutsche Z 5.000 6/28/2024 EUR 75.320
UBS AG/London 12.000 2/22/2024 CHF 50.600
Zurcher Kantonalbank 8.500 2/23/2024 CHF 64.870
DZ Bank AG Deutsche Z 1.74010/11/2050 EUR 57.510
SG Issuer SA 2.100 12/6/2033 EUR 45.120
DZ Bank AG Deutsche Z 3.41110/11/2050 EUR 57.510
Ist Saiberian Petrole 14.00012/28/2024 RUB 27.990
Bayerische Landesbank 2.350 2/23/2024 EUR 75.430
Araratbank OJSC 5.500 1/29/2024 USD 0.000
BNP Paribas Emissions 16.00012/21/2023 EUR 66.260
Morgan Stanley BV 0.028 8/26/2025 EUR 17.850
Rosbank PJSC 0.010 4/30/2024 RUB 70.000
Region de Bruxelles-C 1.144 1/14/2056 EUR 46.686
Credit Agricole CIB F 0.440 9/6/2033 EUR 69.554
Raiffeisenverband Sal 1.617 1/29/2048 EUR 66.357
Credit Agricole Corpo 0.720 5/10/2033 EUR 72.838
Region Centre 0.834 5/12/2042 EUR 59.709
Citigroup Global Mark 1.200 8/25/2041 EUR 62.657
Credit Agricole CIB F 0.440 8/30/2033 EUR 71.173
Citigroup Global Mark 1.000 8/31/2036 EUR 68.691
Ville de Paris 0.921 5/26/2053 EUR 48.064
Communaute Francaise 1.010 7/19/2051 EUR 50.843
PA Resources AB 13.500 3/3/2016 SEK 0.124
NRW Bank 1.510 3/7/2046 EUR 69.480
DNB Boligkreditt AS 0.846 7/14/2036 EUR 72.760
State of North Rhine- 0.880 7/12/2040 EUR 69.571
Ville de Paris 2.10010/23/2045 EUR 75.373
BPCE SFH SA 0.860 7/25/2036 EUR 72.610
AKB Peresvet ZAO 0.510 8/4/2034 RUB 28.010
Citigroup Global Mark 13.20012/18/2023 SEK 56.270
Federal Grid Co - Ros 7.690 4/27/2048 RUB 55.000
Federal Grid Co - Ros 6.150 9/7/2048 RUB 55.000
Nationwide Building S 1.336 2/26/2041 EUR 72.021
SNCF Reseau 1.475 3/30/2065 EUR 49.449
Akademiska Hus AB 2.080 4/17/2045 SEK 71.687
Credit Agricole CIB F 0.540 9/20/2033 EUR 71.844
Hypo-Bank Burgenland 0.810 9/17/2031 EUR 74.104
Vodafone Group PLC 4.600 8/9/2046 USD 75.611
Region Auvergne-Rhone 0.530 9/29/2036 EUR 68.040
New World Resources N 4.000 10/7/2020 EUR 0.897
Landesbank Hessen-Thu 0.90010/27/2036 EUR 66.894
SAir Group 6.250 4/12/2005 CHF 10.000
Natixis SA 3.00010/18/2051 USD 65.539
Credit Agricole Corpo 14.280 11/5/2026 TRY 61.440
Societe Generale SA 3.05011/23/2031 AUD 74.157
Oberoesterreichische 0.350 10/9/2041 EUR 56.439
Kreditanstalt fuer Wi 1.02710/26/2050 EUR 59.031
Landesbank Hessen-Thu 1.170 12/8/2036 EUR 69.433
Ville de Paris 0.963 12/6/2051 EUR 50.225
Hypo Tirol Bank AG 1.010 1/20/2040 EUR 67.810
Oberoesterreichische 0.64110/13/2035 EUR 62.531
Cooperatieve Rabobank 1.315 2/28/2039 EUR 73.238
BNG Bank NV 1.750 2/2/2043 EUR 75.604
Nederlandse Waterscha 0.70010/25/2050 EUR 52.099
Kreditanstalt fuer Wi 0.880 12/7/2050 EUR 58.053
DZ Bank AG Deutsche Z 0.640 12/7/2035 EUR 67.025
de Volksbank NV 1.51012/13/2038 EUR 75.543
Aktia Bank Oyj 0.96512/11/2040 EUR 62.046
Credit Agricole CIB F 1.000 4/26/2036 EUR 69.580
Region de Bruxelles-C 1.020 4/30/2060 EUR 41.506
Kreditanstalt fuer Wi 0.943 6/9/2050 EUR 59.701
Norddeutsche Landesba 0.675 2/25/2033 EUR 72.887
Societe Generale SA 2.670 3/24/2031 AUD 73.905
Berlin Hyp AG 0.750 3/4/2050 EUR 54.301
Credit Agricole Corpo 1.190 2/26/2040 EUR 66.813
DNB Boligkreditt AS 1.557 9/11/2042 EUR 72.232
Nederlandse Waterscha 1.880 9/28/2048 EUR 74.468
Purple Protected Asse 1.570 4/30/2061 EUR 47.411
Landesbank Hessen-Thu 0.60011/26/2035 EUR 65.828
DNB Boligkreditt AS 1.550 9/1/2042 EUR 72.640
Kreditanstalt fuer Wi 1.208 3/10/2051 EUR 63.946
Cooperatieve Rabobank 2.250 9/15/2047 EUR 69.320
Credit Agricole CIB F 0.500 2/23/2033 EUR 72.778
BNG Bank NV 0.632 7/12/2066 EUR 38.718
Caisse des Depots et 1.552 8/16/2038 EUR 75.120
Region of Pays de la 0.449 3/9/2035 EUR 70.596
Landesbank Baden-Wuer 0.580 3/2/2033 EUR 70.755
Wirtschafts- und Infr 0.500 8/28/2046 EUR 53.217
Region of Pays de la 0.427 3/9/2034 EUR 73.056
BPCE SA 2.320 3/4/2036 USD 66.173
Muenchener Hypotheken 1.000 5/7/2035 EUR 73.222
Credit Agricole CIB F 0.39012/16/2032 EUR 71.156
Credit Agricole Corpo 15.000 6/18/2026 TRY 63.902
CDC Habitat SEM 1.043 5/12/2036 EUR 71.675
Kreditanstalt fuer Wi 0.693 2/8/2050 EUR 52.497
UniCredit Bank Austri 0.150 4/29/2033 EUR 73.780
Region de Bruxelles-C 0.55612/23/2064 EUR 29.780
Caisse des Depots et 0.982 11/6/2050 EUR 52.042
Caisse des Depots et 1.005 11/5/2050 EUR 52.425
Kreditanstalt fuer Wi 0.830 12/9/2050 EUR 57.535
Deutsche Pfandbriefba 0.312 4/16/2029 EUR 75.357
Swedbank Hypotek AB 1.59511/20/2043 EUR 72.925
Credit Agricole CIB F 0.400 12/4/2032 EUR 71.327
Deutsche Telekom AG 3.500 4/15/2041 AUD 68.229
Kreditanstalt fuer Wi 0.683 2/22/2051 EUR 54.437
Raiffeisenlandesbank 1.174 7/11/2034 EUR 71.259
Batigere Grand Est SA 1.550 8/12/2041 EUR 66.205
Kreditanstalt fuer Wi 0.680 2/23/2051 EUR 54.742
Caisse Francaise de F 1.640 7/10/2048 EUR 69.400
Kuntarahoitus Oyj 0.726 1/8/2060 EUR 49.538
State of Rhineland-Pa 0.500 7/30/2036 EUR 73.336
Region de Bruxelles-C 1.250 1/10/2060 EUR 46.214
Caisse des Depots et 1.018 2/16/2051 EUR 51.126
Credit Agricole Corpo 2.610 7/27/2050 USD 55.159
Kuntarahoitus Oyj 0.858 2/22/2051 EUR 62.205
Raiffeisenlandesbank 0.750 6/20/2031 EUR 75.460
Landesbank Saar 0.710 12/6/2035 EUR 68.669
Landesbank Baden-Wuer 0.580 4/20/2032 EUR 73.083
Barclays Bank PLC 3.130 4/9/2051 USD 62.149
Nederlandse Waterscha 1.92810/23/2048 EUR 75.216
Kreissparkasse Koeln 0.350 2/19/2035 EUR 68.606
Landesbank Saar 0.835 2/19/2035 EUR 70.885
Credit Agricole CIB F 0.830 4/6/2036 EUR 68.583
Kreditanstalt fuer Wi 0.90211/16/2050 EUR 58.491
Credit Agricole Corpo 2.00011/23/2032 USD 73.733
Cie de Financement Fo 1.76011/15/2048 EUR 68.860
Caisse Francaise de F 1.720 11/6/2047 EUR 70.083
Societe Generale SA 1.040 3/25/2041 EUR 62.826
Credit Agricole CIB F 0.580 4/6/2033 EUR 71.488
Grand Delta Habitat 1.500 9/1/2047 EUR 52.456
Credit Agricole CIB F 0.550 3/17/2033 EUR 71.649
ING Bank NV 2.410 3/16/2031 AUD 73.791
NRW Bank 1.180 3/3/2051 EUR 59.760
Erste Group Bank AG 1.200 2/11/2040 EUR 60.939
Citigroup Global Mark 1.000 1/21/2036 EUR 69.479
SpareBank 1 SR-Bank A 1.650 2/24/2042 EUR 66.736
Agence Francaise de D 1.833 2/26/2052 EUR 67.943
Purple Protected Asse 1.580 5/25/2060 EUR 40.827
Purple Protected Asse 1.598 2/5/2061 EUR 67.647
Muenchener Hypotheken 1.285 4/19/2039 EUR 73.788
Landesbank Baden-Wuer 0.395 1/29/2031 EUR 75.421
Nederlandse Waterscha 1.486 4/24/2052 EUR 65.686
Wirtschafts- und Infr 0.192 1/28/2042 EUR 55.804
Landesbank Hessen-Thu 0.950 6/11/2035 EUR 70.211
Nationale-Nederlanden 1.400 3/18/2039 EUR 75.068
Assistance Publique H 1.795 3/30/2048 EUR 67.706
Kreditanstalt fuer Wi 0.730 1/21/2050 EUR 56.692
Bank of Ireland Mortg 1.548 4/17/2043 EUR 72.973
Raiffeisen-Landesbank 1.922 4/19/2058 EUR 67.611
Landesbank Baden-Wuer 0.436 9/25/2031 EUR 73.975
Caisse des Depots et 0.950 2/17/2051 EUR 49.977
Landesbank Baden-Wuer 0.400 7/2/2031 EUR 74.341
Agence Francaise de D 0.714 7/10/2045 EUR 56.771
Argentum Capital SA 0.50011/30/2033 EUR 64.445
Ukraine Government Bo 9.780 5/10/2029 UAH 47.444
SAir Group 5.125 3/1/2003 CHF 10.000
Agence Francaise de D 1.760 2/19/2047 EUR 70.723
Purple Protected Asse 1.56512/23/2060 EUR 64.523
Nederlandse Waterscha 1.850 2/11/2059 EUR 67.755
Kreditanstalt fuer Wi 0.953 1/24/2042 EUR 68.885
Societe Generale SA 3.160 1/24/2032 AUD 74.447
Landesbank Baden-Wuer 0.821 8/24/2032 EUR 74.326
Kreditanstalt fuer Wi 1.271 5/20/2051 EUR 64.553
Region Bourgogne-Fran 0.895 5/20/2038 EUR 70.200
Oberoesterreichische 0.610 1/28/2037 EUR 68.273
Credit Agricole CIB F 0.730 6/2/2033 EUR 72.380
Natixis SA 2.720 5/27/2036 USD 73.721
Norddeutsche Landesba 2.208 6/4/2036 EUR 72.198
Citigroup Global Mark 1.18012/23/2036 EUR 69.755
Office Public De L'Ha 1.70012/22/2060 EUR 66.378
DZ Bank AG Deutsche Z 0.390 7/2/2031 EUR 74.060
Credit Agricole CIB F 0.490 9/13/2033 EUR 71.492
Citigroup Global Mark 1.01010/28/2035 EUR 71.012
Hellas Telecommunicat 6.054 1/15/2015 USD 0.016
DZ Bank AG Deutsche Z 1.74010/11/2050 EUR 60.447
Barclays Bank PLC 1.000 8/31/2034 EUR 70.969
Landesbank Baden-Wuer 0.490 6/9/2031 EUR 74.741
Landesbank Baden-Wuer 0.520 12/9/2031 EUR 73.672
Grand Delta Habitat 1.75010/28/2061 EUR 67.976
Republic of Ireland I 1.190 10/7/2101 EUR 44.056
SAir Group 2.750 7/30/2004 CHF 10.000
Purple Protected Asse 2.08510/27/2060 EUR 44.978
Credit Agricole CIB F 0.85011/19/2033 EUR 72.012
Republic of Ireland I 0.740 9/22/2078 EUR 38.112
Muenchener Hypotheken 0.79012/21/2035 EUR 68.610
Standard Chartered Ba 0.500 9/11/2040 JPY 63.728
Credit Agricole CIB F 1.16010/25/2036 EUR 70.503
Landesbank Hessen-Thu 1.00012/10/2036 EUR 67.759
Caisse des Depots et 0.696 9/14/2040 EUR 62.072
Aareal Bank AG 0.625 9/16/2030 EUR 73.602
Muenchener Hypotheken 0.490 9/17/2032 EUR 74.604
Landesbank Hessen-Thu 0.80012/12/2034 EUR 69.599
Pescanova SA 6.750 3/5/2015 EUR 1.246
Heta Asset Resolution 5.73012/31/2023 EUR 1.384
Societa di Progetto B 3.37512/31/2038 EUR 73.458
Caisse des Depots et 1.270 10/1/2051 EUR 54.835
Credit Agricole Corpo 12.00011/17/2025 TRY 63.158
HSBC Continental Euro 1.41012/12/2039 EUR 68.654
Lehman Brothers Treas 1.680 3/5/2015 EUR 0.100
DekaBank Deutsche Gir 1.080 12/9/2039 EUR 65.299
Landesbank Baden-Wuer 0.90011/22/2034 EUR 69.417
Region de Bruxelles-C 0.875 6/22/2057 EUR 40.123
Credit Agricole Corpo 0.900 10/1/2034 EUR 71.407
ECM Real Estate Inves 5.000 10/9/2011 EUR 15.375
Barclays Bank PLC 3.10012/13/2044 AUD 54.191
Bulgaria Steel Financ 12.000 5/4/2013 EUR 0.216
Region Centre 0.712 12/3/2039 EUR 62.593
Kreditanstalt fuer Wi 1.030 12/6/2049 EUR 61.698
Junta de Castilla y L 1.27010/31/2044 EUR 60.146
Credit Agricole Corpo 1.10012/16/2034 EUR 72.794
Societe Generale SA 3.040 1/19/2032 AUD 73.816
Municipality of Tilbu 0.47011/14/2034 EUR 75.579
Minicentrales Dos SA 0.010 6/6/2047 EUR 58.375
Nationwide Building S 1.618 1/28/2041 EUR 75.039
Nationwide Building S 1.573 5/7/2041 EUR 74.697
Windreich GmbH 6.250 3/1/2015 EUR 4.150
Agrokor dd 9.875 5/1/2019 EUR 15.000
Region de Bruxelles-C 0.759 9/20/2049 EUR 48.331
DNB Boligkreditt AS 1.080 5/16/2039 EUR 70.903
Pescanova SA 8.750 2/17/2019 EUR 1.156
Instabank ASA i 12.250 NOK 73.175
Barclays Bank PLC 0.61311/15/2024 USD 9.770
UBS AG/London 16.120 5/14/2027 SEK 72.100
Credit Suisse AG/Lond 8.000 12/9/2024 CHF 72.980
Vontobel Financial Pr 5.000 3/26/2024 EUR 32.950
VTB Bank PJSC 0.010 4/22/2026 RUB 71.220
Bank Vontobel AG 9.500 12/4/2023 EUR 50.000
Senivita Social Estat 8.500 6/30/2025 EUR 0.020
Meta Wolf AG 6.750 3/10/2005 DEM 0.110
VTB Bank PJSC 0.010 4/8/2026 RUB 70.020
Societe Generale SA 15.840 8/30/2024 USD 18.800
SG Issuer SA 0.021 6/14/2033 EUR 74.720
SG Issuer SA 0.021 7/7/2033 EUR 65.540
UBS AG/London 15.750 7/25/2024 EUR 69.150
Raiffeisen Switzerlan 15.000 2/6/2024 CHF 36.940
Swissquote Bank SA 15.43012/12/2023 CHF 37.940
Zurcher Kantonalbank 12.300 2/16/2024 EUR 57.120
Landesbank Baden-Wuer 1.250 6/5/2039 EUR 69.150
UniCredit Bank AG 4.450 1/2/2024 EUR 40.870
Leonteq Securities AG 23.000 5/15/2024 CHF 69.700
Ardshinbank CJSC 4.000 7/12/2024 USD 0.000
SG Issuer SA 1.600 4/18/2034 EUR 69.500
Deutsche Bank AG 1.050 9/1/2031 EUR 74.670
Autonomous Community 1.550 5/11/2051 EUR 55.724
Bank fuer Kirche und 0.660 3/17/2036 EUR 68.057
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.010
Bank fuer Kirche und 0.600 6/9/2036 EUR 67.131
Autonomous Community 1.931 4/4/2042 EUR 71.856
Austrian Anadi Bank A 6.000 7/19/2032 EUR 75.263
Wirtschafts- und Infr 0.250 8/11/2039 EUR 62.333
Decipher Production L 12.500 9/27/2019 USD 1.500
Aranynektar Termekgya 3.500 4/3/2030 HUF 67.109
La Banque Postale Hom 1.379 4/4/2040 EUR 73.198
Ukraine Government Bo 6.00011/20/2024 UAH 74.687
OP Corporate Bank plc 1.400 3/16/2035 EUR 75.985
Communaute Francaise 1.500 2/13/2045 EUR 64.596
Norske Skog Holding A 8.000 2/24/2021 EUR 0.006
Ukraine Government Bo 11.890 5/6/2026 UAH 66.622
BNP Paribas SA 1.395 2/12/2035 EUR 74.800
Caisse Francaise de F 1.110 9/21/2046 EUR 63.138
Landesbank Hessen-Thu 0.650 10/6/2031 EUR 74.611
Grupo Isolux Corsan S 6.00012/30/2021 USD 0.673
Vasakronan AB 0.914 5/27/2030 EUR 69.007
SpareBank 1 Boligkred 1.49012/14/2038 EUR 75.365
Credit Agricole Corpo 2.480 3/4/2036 USD 69.889
LFA Foerderbank Bayer 0.250 3/19/2037 EUR 70.270
Societe Generale SA 2.700 3/15/2031 AUD 74.152
BNG Bank NV 2.000 7/24/2058 EUR 73.100
Kuntarahoitus Oyj 1.400 3/5/2061 EUR 66.002
Societe Generale SA 3.330 7/26/2034 AUD 69.053
BPCE SA 2.614 3/4/2036 AUD 65.529
Credit Agricole SA 3.450 3/4/2041 AUD 52.601
Communaute Francaise 2.177 8/17/2068 EUR 66.478
Land Thueringen 1.100 7/3/2047 EUR 65.279
Department of Loiret 0.55012/18/2045 EUR 51.774
Lukoil Securities BV 3.875 5/6/2030 USD 72.461
Landesbank Baden-Wuer 0.327 5/7/2038 EUR 65.030
Caisse des Depots et 1.300 4/28/2051 EUR 55.499
ASH8 Debt Co UK 1 PLC 3.65112/31/2055 GBP 73.248
ING Bank NV 0.335 4/21/2036 EUR 68.992
BPCE SA 1.920 12/9/2030 AUD 75.005
BPCE SA 2.285 12/3/2035 AUD 63.283
Communaute Francaise 1.170 7/5/2049 EUR 54.839
Societe Generale SA 2.050 2/22/2031 AUD 71.074
Societe Generale SA 3.300 7/8/2034 AUD 68.783
Hamburgische Investit 0.372 2/22/2041 EUR 63.492
Ukraine Government Bo 8.750 4/20/2033 UAH 35.287
BNG Bank NV 1.990 6/12/2058 EUR 73.722
Societe Generale SA 2.710 7/8/2035 AUD 62.363
Agence France Locale 0.550 6/20/2040 EUR 62.426
BPCE SA 1.85010/30/2030 AUD 75.041
Credit Agricole Corpo 1.12011/21/2034 EUR 73.711
Agence Francaise de D 1.91110/26/2048 EUR 71.678
Kuntarahoitus Oyj 0.448 3/19/2040 EUR 64.048
Societe Generale SA 2.750 3/12/2040 AUD 53.530
Societe Generale SA 2.700 3/17/2031 AUD 74.207
BPCE SA 2.450 2/24/2035 AUD 66.556
Municipality of Utrec 0.950 3/2/2037 EUR 75.589
Nostrum Oil & Gas Fin 7.000 2/16/2025 USD 27.521
Deutsche Pfandbriefba 2.490 2/21/2033 EUR 74.862
BNG Bank NV 2.000 4/17/2058 EUR 74.042
BNG Bank NV 2.160 3/5/2058 EUR 75.427
Societe Generale SA 1.700 1/19/2031 USD 74.394
BPCE SA 2.550 6/9/2035 AUD 66.725
Hypo Tirol Bank AG 1.530 4/10/2043 EUR 70.476
Saastopankkien Keskus 1.445 6/23/2035 EUR 75.422
Credit Agricole SA 3.000 1/19/2041 AUD 48.934
Barclays Bank PLC 1.011 2/1/2041 EUR 56.384
Department of L'Eure 0.95911/25/2037 EUR 71.989
Agence Metropolitaine 0.500 7/7/2035 EUR 71.807
Nederlandse Waterscha 0.810 7/8/2050 EUR 54.399
Region Wallonne Belgi 0.865 7/20/2044 EUR 54.581
Hemso Fastighets AB 2.680 7/10/2035 AUD 65.846
Assistance Publique H 0.647 7/17/2040 EUR 62.775
NRW Bank 0.642 2/9/2051 EUR 50.317
SAir Group 5.500 7/23/2003 CHF 10.000
City of Amsterdam Net 1.359 2/26/2044 EUR 70.386
DekaBank Deutsche Gir 1.58512/28/2035 EUR 59.484
SG Issuer SA 0.900 4/7/2036 EUR 68.928
Bank fuer Kirche und 0.80011/12/2035 EUR 69.898
Bank fuer Kirche und 0.77010/12/2035 EUR 69.748
Portugal Telecom Inte 5.242 11/6/2017 EUR 0.694
SG Issuer SA 2.910 10/8/2034 AUD 65.328
La Banque Postale Hom 1.311 5/9/2040 EUR 72.243
Kreditanstalt fuer Wi 0.69910/20/2036 EUR 74.926
Region Wallonne Belgi 0.828 8/28/2048 EUR 50.593
Luminis SA 2.120 5/3/2029 EUR 73.889
Societe Wallonne de F 1.066 9/18/2046 EUR 54.236
Societe Generale SA 3.11010/28/2041 AUD 54.703
Batigere Grand Est SA 1.540 11/4/2041 EUR 65.714
HSBC Continental Euro 1.140 8/26/2049 EUR 55.300
Oberoesterreichische 1.014 9/16/2049 EUR 45.862
DNB Boligkreditt AS 1.080 5/16/2039 EUR 71.059
BLT Finance BV 12.000 2/10/2015 USD 10.500
Societe Generale SA 3.820 4/26/2039 AUD 64.294
BPCE SA 2.82012/18/2039 AUD 60.456
Ville de Rennes 0.50510/22/2034 EUR 70.081
Batigere Grand Est SA 1.48510/25/2039 EUR 68.456
A-TEC Industries AG 5.750 11/2/2010 EUR 0.100
BNP Paribas SA 3.700 10/4/2039 AUD 64.727
Societe Generale SA 3.31011/29/2033 AUD 70.876
Norddeutsche Landesba 1.150 12/6/2033 EUR 74.295
Lehman Brothers Treas 5.103 6/22/2046 EUR 0.100
LBI ehf 7.431 USD 0.001
NTRP Via Interpipe Lt 10.250 8/2/2017 USD 0.910
Vasakronan AB 3.300 1/14/2042 AUD 60.086
Standard Chartered Ba 3.040 1/18/2042 USD 70.249
Kaupthing ehf 5.082 12/1/2008 EUR 0.250
Saastopankkien Keskus 0.84010/22/2035 EUR 69.300
Societe Wallonne de F 0.90410/23/2047 EUR 50.842
Region Wallonne Belgi 0.05010/26/2032 EUR 73.016
Societe Wallonne de F 0.94810/23/2051 EUR 48.310
SG Issuer SA 2.91010/29/2034 AUD 65.197
Societe Generale SA 2.90010/24/2039 AUD 55.467
Bazalgette Finance Pl 0.688 6/27/2050 GBP 57.160
Societe Generale SA 2.370 9/17/2035 AUD 59.254
Societe Generale SA 2.880 9/10/2034 AUD 65.288
Raiffeisen Bank zrt 11.597 EUR 67.697
Landesbank Baden-Wuer 0.200 12/2/2030 EUR 73.187
Zurcher Kantonalbank 16.000 1/3/2024 CHF 53.360
Bank Vontobel AG 17.500 1/5/2024 CHF 66.500
Swissquote Bank SA 23.990 7/3/2024 CHF 60.100
Nordea Bank Abp 9.370 7/20/2029 SEK 75.570
BNP Paribas Emissions 3.000 6/27/2024 EUR 69.850
Federal Grid Co - Ros 7.000 3/23/2050 RUB 55.000
Federal Grid Co - Ros 7.000 3/23/2050 RUB 55.000
Federal Grid Co - Ros 7.69010/30/2048 RUB 55.000
Federal Grid Co - Ros 7.69010/30/2048 RUB 55.000
BNP Paribas Emissions 12.00012/21/2023 EUR 62.640
Metropole de Lyon 0.37612/22/2044 EUR 50.867
United Kingdom Inflat 0.125 3/22/2068 GBP 63.678
Societe Generale SA 4.740 3/24/2030 USD 75.352
LSF9 Balta Issuer SAR 3.00012/31/2030 EUR 65.002
Caisse Francaise de F 1.93012/14/2048 EUR 72.698
Credit Agricole Corpo 11.190 1/15/2026 TRY 60.648
Barclays Bank PLC 3.020 4/23/2036 NZD 72.282
Banque Internationale 1.08510/22/2040 EUR 61.145
Communaute Francaise 1.520 7/22/2069 EUR 53.076
Communaute Francaise 1.652 1/26/2038 EUR 75.630
Department of Gironde 0.846 4/29/2039 EUR 67.600
Communaute Francaise 1.940 2/19/2048 EUR 67.073
DZ Bank AG Deutsche Z 0.70011/30/2035 EUR 67.856
Communaute Francaise 1.950 8/9/2049 EUR 67.568
National Grid Electri 2.500 7/24/2035 AUD 67.068
Lloyds Bank PLC 2.480 7/5/2038 SEK 75.254
Assistance Publique H 1.053 5/25/2052 EUR 51.533
Nederlandse Waterscha 0.26011/10/2036 EUR 68.749
Banque Internationale 1.020 3/25/2040 EUR 61.377
Communaute Francaise 1.600 6/22/2047 EUR 63.959
Landesbank Saar 0.54011/18/2033 EUR 70.913
Banque Internationale 0.77511/18/2032 EUR 72.859
Muenchener Hypotheken 1.54311/16/2048 EUR 67.313
Grand Delta Habitat 1.820 3/18/2050 EUR 61.435
Department of Bouches 0.668 4/1/2042 EUR 59.687
Communaute Francaise 2.500 7/6/2087 EUR 73.878
Banque Internationale 1.000 2/18/2036 EUR 68.263
Communaute Francaise 1.976 2/5/2048 EUR 67.653
Vasakronan AB 0.950 3/22/2039 JPY 72.201
Credit Bank of Moscow 3.100 1/21/2026 EUR 22.702
Banque Internationale 1.190 1/18/2041 EUR 61.761
Communaute Francaise 1.815 3/26/2049 EUR 66.118
Communaute Francaise 1.820 3/27/2049 EUR 66.193
Region Wallonne Belgi 1.600 3/29/2039 EUR 73.670
DZ Bank AG Deutsche Z 0.510 1/25/2036 EUR 65.499
Banque Internationale 0.510 2/10/2031 EUR 75.294
Communaute Francaise 1.617 2/7/2039 EUR 73.228
DZ Bank AG Deutsche Z 0.400 9/1/2033 EUR 75.456
Societe Du Grand Pari 1.955 4/16/2069 EUR 57.278
Communaute Francaise 1.700 4/15/2049 EUR 63.866
Communaute Francaise 1.725 4/23/2049 EUR 67.960
Communaute Francaise 1.925 4/18/2059 EUR 63.019
Banque Internationale 1.01012/12/2039 EUR 61.599
Region de Bruxelles-C 1.472 4/29/2044 EUR 67.938
Communaute Francaise 1.363 4/16/2040 EUR 68.869
Communaute Francaise 0.818 8/28/2050 EUR 49.081
Communaute Francaise 1.000 10/8/2069 EUR 41.613
DNB Bank ASA 1.185 1/14/2038 EUR 70.504
Communaute Francaise 0.886 6/22/2057 EUR 44.235
Communaute Francaise 0.500 6/27/2046 EUR 49.182
Virgolino de Oliveira 11.750 2/9/2022 USD 0.425
Lehman Brothers Treas 0.500 8/1/2020 EUR 0.100
VTB Bank PJSC 0.01010/14/2026 RUB 70.010
Biznes Nedvizhimost J 10.80012/18/2026 RUB 62.000
SG Issuer SA 5.000 4/2/2024 EUR 54.700
Leonteq Securities AG 6.00012/27/2023 CHF 64.420
Leonteq Securities AG 28.000 4/11/2024 CHF 32.150
Leonteq Securities AG 24.000 4/11/2024 CHF 51.590
Leonteq Securities AG 23.000 6/26/2024 CHF 56.580
Leonteq Securities AG 23.000 3/13/2024 USD 42.320
Ardshinbank CJSC 9.250 2/8/2025 AMD 0.000
Leonteq Securities AG 20.000 6/19/2024 CHF 55.390
Leonteq Securities AG 22.000 1/9/2024 CHF 46.970
Leonteq Securities AG 24.00012/15/2023 CHF 44.250
Leonteq Securities AG 24.000 5/22/2024 CHF 59.650
Rosbank PJSC 0.020 4/30/2024 RUB 70.000
Credit Suisse AG/Lond 1.660 2/2/2035 EUR 69.564
UniCredit Bank AG 6.600 7/20/2028 EUR #N/A N/A
Bank Vontobel AG 7.200 1/19/2027 EUR 9.900
Landesbank Hessen-Thu 1.250 4/7/2037 EUR 75.400
UBS AG/London 9.500 12/8/2023 USD 54.650
Swissquote Bank SA 29.720 12/5/2023 CHF 18.200
SG Issuer SA 2.270 2/4/2032 EUR 64.390
Rosselkhozbank JSC 10.100 RUB 75.000
VTB Bank PJSC 8.400 5/21/2030 RUB 75.000
Societe Generale SA 4.251 8/29/2034 USD 70.038
UniCredit Bank AG 0.610 5/2/2033 EUR 73.337
BNP Paribas SA 3.170 1/7/2041 AUD 62.253
Kuntarahoitus Oyj 0.130 9/2/2033 EUR 75.598
Natixis SA 2.530 8/30/2036 AUD 61.919
Credit Agricole Corpo 1.000 1/31/2033 AUD 65.734
Landwirtschaftliche R 0.400 7/29/2036 EUR 71.531
Landesbank Baden-Wuer 0.060 9/1/2031 EUR 74.228
NRW Bank 1.021 8/11/2051 EUR 56.323
Belfius Bank SA 0.780 7/22/2036 EUR 71.850
MMC Norilsk Nickel OJ 6.62510/14/2022 USD 72.500
UniCredit Bank AG 4.05012/27/2023 EUR 42.190
Leonteq Securities AG 7.000 1/31/2024 CHF 13.950
Kingdom of Belgium Go 1.600 6/22/2047 EUR 69.963
Norske Skog Holding A 8.000 2/24/2023 USD 0.006
Region Wallonne Belgi 1.741 4/7/2039 EUR 74.109
Ukraine Government Bo 11.570 3/1/2028 UAH 56.631
Region Wallonne Belgi 1.717 2/2/2038 EUR 76.036
Region Wallonne Belgi 1.107 10/3/2036 EUR 71.882
New World Resources N 8.000 4/7/2020 EUR 0.105
Credit Suisse AG/Lond 1.000 9/24/2035 EUR 70.643
Nederlandse Waterscha 0.750 10/4/2041 EUR 64.744
Landesbank Hessen-Thu 0.530 11/4/2031 EUR 74.394
Landesbank Baden-Wuer 0.14010/20/2031 EUR 74.361
Department of Bouches 0.457 10/8/2040 EUR 59.920
Department of Loiret 0.50010/30/2042 EUR 56.389
UBS AG/London 0.120 5/25/2040 MXN 15.710
Rikshem AB 2.900 1/23/2035 AUD 68.240
Department of Loiret 0.47810/30/2040 EUR 60.053
DNB Boligkreditt AS 1.594 1/29/2043 EUR 73.129
Department of Bouches 0.467 12/8/2044 EUR 52.232
Region Provence-Alpes 1.54711/29/2038 EUR 73.900
Santander Internation 1.100 12/7/2040 EUR 64.674
Region Wallonne Belgi 1.250 4/30/2055 EUR 50.063
Assistance Publique H 1.073 4/16/2045 EUR 60.385
Thomas Cook Finance 2 3.875 7/15/2023 EUR 0.804
Department of Bouches 0.445 12/8/2043 EUR 53.609
Department of Bouches 0.490 12/8/2045 EUR 50.936
Italy Buoni Poliennal 0.150 5/15/2051 EUR 60.204
Department of Bouches 0.671 5/5/2042 EUR 59.556
Societe Publique d'Ad 2.003 9/27/2044 EUR 73.835
DZ HYP AG 1.965 7/19/2058 EUR 67.264
Credito Padano Banca 3.100 EUR 36.620
Region Wallonne Belgi 2.168 7/26/2047 EUR 71.250
HSBC Continental Euro 1.500 7/26/2049 EUR 61.162
Department of Bouches 0.561 9/15/2035 EUR 73.001
Department of Bouches 0.558 3/15/2035 EUR 74.218
Ukraine Government Bo 8.52011/10/2033 UAH 33.863
Citigroup Global Mark 0.520 3/19/2033 EUR 71.605
Hypo Vorarlberg Bank 0.40012/22/2031 EUR 70.177
Barclays Bank PLC 2.07012/18/2035 USD 65.457
Kuntarahoitus Oyj 0.87010/11/2050 EUR 62.738
HSBC Continental Euro 2.220 1/24/2048 EUR 71.981
Caisse des Depots et 1.275 5/5/2051 EUR 55.263
Societe Generale SA 2.970 4/15/2036 USD 68.469
Barclays Bank PLC 1.23511/27/2040 EUR 63.488
State of North Rhine- 0.200 7/17/2034 EUR 74.627
Region Wallonne Belgi 0.150 5/10/2035 EUR 68.348
Kreditanstalt fuer Wi 0.21011/18/2037 EUR 66.114
Purple Protected Asse 1.48011/30/2060 EUR 40.585
Region Wallonne Belgi 1.94510/20/2039 EUR 75.284
Deutsche Bank Luxembo 2.386 4/27/2029 EUR 73.812
Region Wallonne Belgi 1.93010/20/2039 EUR 75.113
Muenchener Hypotheken 1.666 8/7/2042 EUR 75.657
Department of Bouches 0.54312/15/2034 EUR 74.698
Aareal Bank AG 1.475 7/19/2029 EUR 75.199
NRW Bank 1.182 8/7/2050 EUR 57.912
Republic of Ireland I 1.180 5/25/2087 EUR 46.928
Department of Bouches 0.906 5/20/2039 EUR 68.183
Department of Bouches 0.87212/18/2037 EUR 70.900
Barclays Bank PLC 2.000 10/8/2042 EUR 66.533
HSBC Continental Euro 2.200 2/27/2049 EUR 71.760
Communaute Francaise 0.749 9/16/2080 EUR 46.773
Societe Generale SA 2.120 1/6/2036 USD 62.242
Bayerische Landesbode 0.700 6/12/2037 EUR 70.847
Wirtschafts- und Infr 0.208 1/28/2043 EUR 53.718
Region Wallonne Belgi 0.25012/29/2036 EUR 64.817
Deutsche Bank AG/Lond 0.500 4/5/2038 MXN 24.160
AB Financial Products 3.952 7/30/2040 EUR 71.170
Barclays Bank PLC 2.320 1/11/2041 USD 58.983
Italy Buoni Poliennal 0.950 3/1/2037 EUR 66.850
Credit Agricole Corpo 2.700 6/3/2035 AUD 69.869
BPCE SFH SA 1.390 3/11/2039 EUR 73.419
Region Wallonne Belgi 1.165 6/29/2059 EUR 48.734
LFA Foerderbank Bayer 0.160 1/2/2040 EUR 61.997
Erste Group Bank AG 1.540 3/18/2034 EUR 74.143
Department of Gironde 0.979 6/25/2040 EUR 66.915
Bayerische Landesbank 0.380 1/22/2031 EUR 75.082
BNG Bank NV 0.772 8/5/2050 EUR 51.847
Caisse des Depots et 0.642 2/12/2041 EUR 59.233
Communaute Francaise 1.380 11/7/2046 EUR 61.231
Department of Bouches 0.855 5/20/2038 EUR 69.754
Barclays Bank PLC 6.400 6/16/2031 MXN 69.514
Landeskreditbank Bade 0.605 6/16/2036 EUR 74.771
Landesbank Hessen-Thu 0.900 7/8/2036 EUR 64.966
BNP Paribas SA 1.130 5/26/2036 EUR 70.039
Deutsche Bank AG 2.348 8/15/2034 EUR 72.287
BNP Paribas SA 1.010 10/5/2035 EUR 67.356
Societe Du Grand Pari 1.923 5/25/2066 EUR 56.992
Norske Skogindustrier 7.12510/15/2033 USD 0.010
Lehman Brothers Treas 8.00012/27/2032 JPY 0.100
Banque Cantonale de F 0.100 11/1/2044 CHF 74.004
Deutsche Bank AG/Lond 11.210 6/26/2025 TRY 72.624
Norddeutsche Landesba 1.00010/13/2036 EUR 65.919
NRW Bank 0.92110/20/2041 EUR 66.633
Rio Forte Investments 4.75011/10/2015 EUR 2.388
Banco Santander SA 1.020 1/4/2034 EUR 71.686
Region de Bruxelles-C 1.810 3/22/2053 EUR 61.849
Communaute Francaise 0.771 8/25/2050 EUR 46.963
Region Wallonne Belgi 1.225 9/2/2120 EUR 35.288
DZ Bank AG Deutsche Z 0.750 9/21/2035 EUR 68.546
Astana Finance BV 7.875 6/8/2010 EUR 16.000
KPNQwest NV 7.125 6/1/2009 EUR 0.783
Region de Bruxelles-C 1.922 4/24/2059 EUR 58.990
Erste Group Bank AG 1.400 5/7/2034 EUR 72.497
Landesbank Hessen-Thu 1.23512/10/2049 EUR 60.079
BNP Paribas SA 3.080 8/28/2039 AUD 59.551
Santander Internation 1.70012/12/2049 EUR 49.752
Erste Group Bank AG 0.77011/13/2033 EUR 69.111
Lehman Brothers Treas 5.500 6/22/2010 USD 0.100
LBI ehf 8.650 5/1/2011 ISK 7.750
Oberbank AG 0.230 10/7/2041 EUR 57.537
Berlin Hyp AG 1.157 12/9/2039 EUR 62.260
National Grid Electri 3.12012/10/2039 AUD 64.836
Berlin Hyp AG 0.34912/10/2031 EUR 74.247
Credit Agricole Corpo 10.20012/13/2027 TRY 49.619
LBI ehf 2.250 2/14/2011 CHF 7.750
Region Wallonne Belgi 0.591 2/10/2040 EUR 59.067
Credit Agricole Corpo 10.150 2/5/2025 TRY 72.332
Kreditanstalt fuer Wi 0.88511/14/2039 EUR 70.845
Region Wallonne Belgi 1.890 5/22/2045 EUR 70.225
Norske Skogindustrier 7.00012/30/2026 EUR 0.010
Norske Skogindustrier 2.00012/30/2115 EUR 0.367
Credit Suisse AG/Lond 4.750 6/7/2046 AUD 71.859
Bilt Paper BV 10.360 USD 1.220
Kreditanstalt fuer Wi 0.66011/12/2039 EUR 68.920
Lloyds Bank PLC 2.580 3/28/2039 SEK 75.403
SG Issuer SA 0.263 2/20/2025 EUR 23.700
Leonteq Securities AG 20.000 4/24/2024 CHF 57.540
Landesbank Baden-Wuer 4.00012/22/2023 EUR 71.440
Landesbank Baden-Wuer 11.000 3/22/2024 EUR 40.530
JP Morgan Structured 13.000 6/28/2033 ZMW 56.668
Nordea Bank Abp 3.050 7/20/2027 SEK 67.250
Mostotrest PJSC 0.010 7/29/2026 RUB 66.500
DZ Bank AG Deutsche Z 5.000 6/26/2024 EUR 68.840
Raiffeisen Switzerlan 6.000 1/18/2024 CHF 53.910
Rosselkhozbank JSC 9.000 RUB 74.360
UBS AG/London 18.000 4/8/2024 CHF 40.200
Barclays Bank PLC 2.300 8/31/2036 USD 66.096
Ukraine Government In 7.750 8/1/2041 USD 43.762
Landesbeteiligungen B 1.450 6/15/2046 EUR 58.317
Communaute Francaise 2.000 4/14/2076 EUR 64.857
Danske Bank A/S 0.805 8/12/2036 EUR 72.215
Landesbank Hessen-Thu 0.700 11/4/2033 EUR 69.745
Bayerische Landesbank 1.320 9/16/2033 EUR 74.213
Hungary Government Bo 3.00010/27/2038 HUF 64.990
Santander Internation 1.192 12/7/2045 EUR 60.948
Banque Internationale 2.120 8/20/2040 EUR 74.452
Landesbank Baden-Wuer 0.620 2/18/2036 EUR 63.818
Ministeries Van de Vl 0.940 5/12/2050 EUR 48.028
Communaute Francaise 1.91712/14/2045 EUR 69.991
Ukraine Government Bo 6.00010/11/2028 UAH 40.342
Republic of Austria G 2.100 9/20/2117 EUR 70.444
Citigroup Global Mark 2.900 3/15/2041 USD 69.587
Cooperatieve Rabobank 1.485 9/3/2041 EUR 73.186
Natixis SA 2.710 5/26/2036 USD 73.639
State of Lower Austri 1.886 3/2/2048 EUR 72.138
Raiffeisen-Landesbank 0.550 1/20/2031 EUR 74.407
Ukraine Government Bo 9.000 7/17/2030 UAH 41.515
Credit Bank of Moscow 5.150 2/20/2024 EUR 30.966
Natixis SA 0.300 6/25/2048 USD 32.023
Region de Bruxelles-C 1.100 5/25/2051 EUR 53.382
Landesbank Hessen-Thu 1.15011/24/2036 EUR 69.237
DZ Bank AG Deutsche Z 0.500 8/30/2034 EUR 68.958
Lehman Brothers Treas 1.750 2/7/2010 EUR 0.100
Eika Boligkreditt AS 0.56011/29/2039 EUR 63.303
Assa Abloy AB 0.650 8/28/2034 EUR 72.297
Kreditanstalt fuer Wi 0.250 10/6/2036 CAD 53.306
Municipality of Arnhe 0.605 2/24/2040 EUR 66.191
Turkiye Government Bo 10.280 9/15/2027 TRY 60.500
Region de Bruxelles-C 0.976 11/4/2058 EUR 41.968
Landesbank Baden-Wuer 0.650 12/1/2031 EUR 74.673
Cie de Financement Fo 1.101 5/17/2039 EUR 71.250
Bank Vontobel AG 6.500 9/5/2024 CHF 73.600
Leonteq Securities AG 11.00012/11/2024 CHF 59.730
Swissquote Bank SA 24.040 9/11/2024 CHF 67.650
Leonteq Securities AG 22.000 9/11/2024 CHF 66.260
Leonteq Securities AG 18.000 9/11/2024 CHF 72.180
HSBC Trinkaus & Burkh 19.000 6/28/2024 EUR 66.400
HSBC Trinkaus & Burkh 20.750 3/22/2024 EUR 62.870
HSBC Trinkaus & Burkh 8.50012/30/2024 EUR 74.040
Bank Julius Baer & Co 8.850 9/9/2024 EUR 65.200
Leonteq Securities AG 25.00012/11/2024 CHF 59.920
HSBC Trinkaus & Burkh 15.000 6/28/2024 EUR 70.970
HSBC Trinkaus & Burkh 9.000 3/22/2024 EUR 68.680
Leonteq Securities AG 7.000 2/9/2024 CHF 54.550
Landesbank Hessen-Thu 2.000 3/16/2037 EUR 70.400
Landesbank Baden-Wuer 3.000 2/27/2026 EUR 68.890
Landesbank Baden-Wuer 4.000 2/27/2026 EUR 73.130
Bank Julius Baer & Co 5.750 2/12/2024 CHF 54.300
Leonteq Securities AG 5.200 2/14/2024 EUR 70.410
Leonteq Securities AG 8.000 2/14/2024 CHF 55.680
Leonteq Securities AG 5.000 2/14/2024 CHF 70.300
Landesbank Baden-Wuer 3.000 2/27/2026 EUR 63.470
Landesbank Baden-Wuer 3.000 2/27/2026 EUR 55.570
Bank Vontobel AG 10.750 2/12/2024 CHF 64.000
UBS AG/London 6.250 3/4/2024 CHF 55.450
UBS AG/London 7.750 3/4/2024 USD 68.700
UBS AG/London 5.250 3/4/2024 EUR 58.850
SG Issuer SA 0.300 2/16/2032 EUR 31.720
Raiffeisen Schweiz Ge 6.100 2/21/2024 CHF 69.550
Raiffeisen Schweiz Ge 7.200 2/21/2024 CHF 56.070
Landesbank Baden-Wuer 3.100 2/26/2027 EUR 65.310
Leonteq Securities AG 8.000 2/22/2024 CHF 59.300
UBS AG/London 12.250 3/11/2024 CHF 13.820
UBS AG/London 12.250 3/11/2024 EUR 45.050
Raiffeisen Schweiz Ge 6.700 2/14/2024 CHF 70.390
Luzerner Kantonalbank 8.000 2/14/2024 CHF 54.810
Bank Vontobel AG 5.750 2/16/2024 CHF 67.700
UBS AG/London 16.000 3/11/2024 CHF 14.760
Basler Kantonalbank 22.000 9/6/2024 CHF 66.440
UniCredit Bank AG 14.800 9/27/2024 EUR 73.620
UniCredit Bank AG 15.800 9/27/2024 EUR 72.230
UniCredit Bank AG 18.000 9/27/2024 EUR 69.890
UniCredit Bank AG 19.100 9/27/2024 EUR 68.870
Leonteq Securities AG 20.000 8/28/2024 CHF 57.130
UniCredit Bank AG 14.800 2/23/2024 EUR 74.190
Vontobel Financial Pr 18.000 9/27/2024 EUR 59.060
Zurcher Kantonalbank 8.000 8/21/2024 CHF 73.210
Swissquote Bank SA 23.200 8/28/2024 CHF 64.020
Leonteq Securities AG 22.000 8/28/2024 CHF 49.900
Leonteq Securities AG 10.000 2/25/2025 CHF 72.550
Raiffeisen Schweiz Ge 20.000 8/28/2024 CHF 70.730
Leonteq Securities AG 24.000 8/14/2024 CHF 63.260
Leonteq Securities AG 22.000 8/14/2024 CHF 59.160
UBS AG/London 9.500 8/15/2029 EUR 62.740
Leonteq Securities AG 21.000 8/14/2024 CHF 56.790
DZ Bank AG Deutsche Z 4.500 3/20/2024 EUR 70.110
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 71.410
Zurcher Kantonalbank 10.000 7/12/2024 EUR 74.060
Swissquote Bank SA 26.040 7/17/2024 CHF 48.780
Leonteq Securities AG 12.00010/14/2024 CHF 73.760
Raiffeisen Switzerlan 10.000 7/17/2024 CHF 73.000
Vontobel Financial Pr 20.000 9/27/2024 EUR 65.270
Vontobel Financial Pr 11.500 9/27/2024 EUR 70.930
Vontobel Financial Pr 15.500 9/27/2024 EUR 67.320
Vontobel Financial Pr 10.500 9/27/2024 EUR 72.660
Vontobel Financial Pr 12.500 9/27/2024 EUR 69.330
Vontobel Financial Pr 14.000 9/27/2024 EUR 68.230
Vontobel Financial Pr 17.000 9/27/2024 EUR 66.540
Vontobel Financial Pr 18.500 9/27/2024 EUR 65.910
Landesbank Baden-Wuer 7.250 7/26/2024 EUR 70.360
Zurcher Kantonalbank 10.10010/10/2024 USD 68.490
Swissquote Bank SA 21.320 7/17/2024 CHF 65.520
Leonteq Securities AG 21.000 7/17/2024 CHF 65.390
Raiffeisen Schweiz Ge 9.000 1/14/2025 CHF 73.100
DZ Bank AG Deutsche Z 6.500 6/26/2024 EUR 74.140
DZ Bank AG Deutsche Z 9.750 6/26/2024 EUR 74.370
DZ Bank AG Deutsche Z 4.250 9/25/2024 EUR 73.420
DZ Bank AG Deutsche Z 6.250 9/25/2024 EUR 69.620
DZ Bank AG Deutsche Z 4.500 9/25/2024 EUR 74.770
Zurcher Kantonalbank 17.750 3/20/2024 CHF 74.100
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 74.270
DZ Bank AG Deutsche Z 6.250 9/25/2024 EUR 64.120
DZ Bank AG Deutsche Z 9.00012/27/2024 EUR 71.660
Societe Generale Effe 10.750 9/27/2024 EUR 72.530
Leonteq Securities AG 6.400 2/3/2025 EUR 70.300
Vontobel Financial Pr 12.000 2/9/2024 EUR 61.540
Bank Vontobel AG 8.000 8/5/2024 EUR 67.100
Credit Suisse AG/Lond 7.250 8/22/2024 CHF 71.330
Vontobel Financial Pr 9.500 9/27/2024 EUR 73.840
Leonteq Securities AG 22.000 10/2/2024 CHF 71.420
Bank Julius Baer & Co 6.350 7/18/2024 CHF 66.400
Zurcher Kantonalbank 10.000 7/12/2024 CHF 69.870
Zurcher Kantonalbank 15.000 7/12/2024 CHF 61.820
Zurcher Kantonalbank 10.000 7/12/2024 CHF 73.600
UniCredit Bank AG 13.800 9/27/2024 EUR 75.100
UniCredit Bank AG 16.900 9/27/2024 EUR 71.020
DZ Bank AG Deutsche Z 17.000 3/22/2024 EUR 74.450
DZ Bank AG Deutsche Z 23.000 6/28/2024 EUR 70.850
UniCredit Bank AG 19.500 6/28/2024 EUR 74.020
UniCredit Bank AG 13.500 3/22/2024 EUR 58.170
UniCredit Bank AG 15.100 3/22/2024 EUR 65.960
UniCredit Bank AG 16.300 3/22/2024 EUR 60.990
EFG International Fin 4.90012/15/2023 USD 43.230
Leonteq Securities AG 11.00010/11/2024 CHF 60.390
Corner Banca SA 13.000 7/11/2024 CHF 69.960
Vontobel Financial Pr 11.000 3/22/2024 EUR 66.620
UniCredit Bank AG 5.800 1/12/2024 EUR 23.010
Vontobel Financial Pr 21.000 9/27/2024 EUR 62.860
Raiffeisen Schweiz Ge 20.000 8/7/2024 CHF 51.450
DZ Bank AG Deutsche Z 26.000 3/22/2024 EUR 64.140
UniCredit Bank AG 19.70012/22/2023 EUR 68.860
Swissquote Bank SA 16.380 7/31/2024 CHF 47.360
UniCredit Bank AG 17.300 3/22/2024 EUR 75.400
Bank Julius Baer & Co 6.900 2/7/2025 CHF 73.450
UniCredit Bank AG 11.60012/31/2024 EUR 68.710
Vontobel Financial Pr 11.250 3/22/2024 EUR 71.190
UniCredit Bank AG 23.20012/22/2023 EUR 55.410
UniCredit Bank AG 19.100 3/22/2024 EUR 70.900
DekaBank Deutsche Gir 2.000 1/12/2024 EUR 62.780
Unibank OJSC 5.300 2/5/2024 USD 0.000
UniCredit Bank AG 1.550 7/18/2031 EUR 74.280
UniCredit Bank AG 10.850 2/1/2024 EUR 72.740
DZ Bank AG Deutsche Z 23.900 6/28/2024 EUR 73.850
Basler Kantonalbank 10.000 1/20/2025 CHF 72.930
UBS AG/London 19.500 7/19/2024 CHF 71.400
BNP Paribas Emissions 3.000 3/21/2024 EUR 70.150
BNP Paribas Emissions 4.000 6/27/2024 EUR 73.380
BNP Paribas Emissions 6.000 6/27/2024 EUR 70.030
BNP Paribas Emissions 6.000 9/26/2024 EUR 71.280
BNP Paribas Emissions 7.00012/30/2024 EUR 72.520
Bank Vontobel AG 5.000 7/19/2024 CHF 64.900
Bank Vontobel AG 18.000 7/19/2024 CHF 54.300
Bank Vontobel AG 7.500 7/19/2024 CHF 42.500
Leonteq Securities AG 27.000 7/24/2024 CHF 49.680
Leonteq Securities AG 20.000 8/7/2024 CHF 46.400
Leonteq Securities AG 30.000 8/7/2024 CHF 44.600
Nordea Bank Abp 2.00012/29/2025 SEK 52.980
Zurcher Kantonalbank 10.000 1/24/2025 CHF 68.470
Vontobel Financial Pr 24.000 9/27/2024 EUR 59.550
Vontobel Financial Pr 22.500 9/27/2024 EUR 61.210
Vontobel Financial Pr 19.000 9/27/2024 EUR 71.670
Vontobel Financial Pr 23.000 9/27/2024 EUR 69.390
UniCredit Bank AG 17.20012/22/2023 EUR 72.100
UniCredit Bank AG 19.000 3/22/2024 EUR 72.880
ObedinenieAgroElita O 13.750 5/22/2024 RUB 43.000
Societe Generale SA 21.000 2/23/2026 USD 49.750
Landesbank Hessen-Thu 1.000 3/6/2035 EUR 68.250
Leonteq Securities AG 24.000 7/10/2024 CHF 59.820
Leonteq Securities AG 26.000 7/10/2024 CHF 45.810
Bank Julius Baer & Co 8.950 7/8/2024 EUR 63.850
Zurcher Kantonalbank 10.000 7/3/2024 CHF 70.890
Societe Generale Effe 10.750 6/28/2024 EUR 67.930
BNP Paribas Emissions 9.000 3/21/2024 EUR 71.260
BNP Paribas Emissions 8.500 3/21/2024 EUR 66.930
BNP Paribas Emissions 11.000 3/21/2024 EUR 67.630
BNP Paribas Emissions 12.000 3/21/2024 EUR 65.370
BNP Paribas Emissions 13.000 3/21/2024 EUR 63.290
BNP Paribas Emissions 15.000 3/21/2024 EUR 63.850
BNP Paribas Emissions 6.500 6/27/2024 EUR 74.050
BNP Paribas Emissions 11.000 6/27/2024 EUR 68.110
BNP Paribas Emissions 13.000 6/27/2024 EUR 64.520
BNP Paribas Emissions 7.00012/21/2023 EUR 69.380
BNP Paribas Emissions 8.50012/21/2023 EUR 65.110
BNP Paribas Emissions 11.00012/21/2023 EUR 65.210
BNP Paribas Emissions 14.00012/21/2023 EUR 62.730
BNP Paribas Emissions 15.00012/21/2023 EUR 60.380
BNP Paribas Emissions 19.00012/21/2023 EUR 60.530
BNP Paribas Emissions 7.000 3/21/2024 EUR 70.700
BNP Paribas Emissions 9.50012/30/2024 EUR 71.320
BNP Paribas Emissions 10.00012/30/2024 EUR 69.540
BNP Paribas Emissions 11.00012/30/2024 EUR 68.390
BNP Paribas Emissions 14.00012/30/2024 EUR 68.430
Vontobel Financial Pr 10.250 6/28/2024 EUR 69.420
Leonteq Securities AG 24.000 7/10/2024 CHF 48.840
Swissquote Bank SA 26.120 7/10/2024 CHF 49.720
Swissquote Bank SA 14.080 7/10/2024 CHF 72.480
Zurcher Kantonalbank 8.500 7/4/2025 CHF 74.570
Citigroup Global Mark 14.650 7/22/2024 HKD 34.410
Raiffeisen Switzerlan 20.000 7/10/2024 CHF 59.240
DZ Bank AG Deutsche Z 4.250 6/26/2024 EUR 65.370
DZ Bank AG Deutsche Z 5.000 9/25/2024 EUR 68.860
Reneszansz Kofarago z 3.200 4/9/2031 HUF 73.000
Landesbank Baden-Wuer 3.400 6/27/2025 EUR 65.810
Landesbank Baden-Wuer 4.200 6/27/2025 EUR 64.060
Raiffeisen Switzerlan 10.000 4/16/2024 USD 52.060
Citigroup Global Mark 2.500 4/29/2025 EUR 19.530
Citigroup Global Mark 2.560 4/29/2025 EUR 25.200
UniCredit Bank AG 1.120 1/20/2031 EUR 73.670
Otthon Centrum Holdin 3.000 4/19/2031 HUF 72.400
DekaBank Deutsche Gir 2.500 5/17/2024 EUR 53.600
DekaBank Deutsche Gir 2.400 5/17/2024 EUR 33.680
UBS AG/London 7.800 4/20/2026 EUR 45.840
ArmSwissBank CJSC 6.500 5/24/2025 USD 0.000
Swissquote Bank SA 10.300 4/18/2024 CHF 73.180
Credit Suisse AG/Lond 7.500 4/18/2024 CHF 60.540
DZ Bank AG Deutsche Z 12.700 3/22/2024 EUR 74.340
DZ Bank AG Deutsche Z 18.900 3/22/2024 EUR 63.970
DZ Bank AG Deutsche Z 22.900 3/22/2024 EUR 59.720
DZ Bank AG Deutsche Z 17.500 3/22/2024 EUR 67.860
DZ Bank AG Deutsche Z 21.60012/22/2023 EUR 63.990
DZ Bank AG Deutsche Z 18.700 3/22/2024 EUR 68.330
Vontobel Financial Pr 19.500 6/28/2024 EUR 57.240
Vontobel Financial Pr 20.000 6/28/2024 EUR 71.890
Vontobel Financial Pr 23.500 6/28/2024 EUR 68.000
Vontobel Financial Pr 18.500 6/28/2024 EUR 74.350
Vontobel Financial Pr 21.500 6/28/2024 EUR 69.690
Vontobel Financial Pr 16.500 6/28/2024 EUR 55.780
Vontobel Financial Pr 14.500 6/28/2024 EUR 57.860
Vontobel Financial Pr 12.000 6/28/2024 EUR 59.990
Vontobel Financial Pr 19.500 6/28/2024 EUR 54.670
Vontobel Financial Pr 10.500 6/28/2024 EUR 63.300
Vontobel Financial Pr 21.500 6/28/2024 EUR 64.640
Vontobel Financial Pr 11.000 6/28/2024 EUR 48.360
Vontobel Financial Pr 17.000 6/28/2024 EUR 72.270
Vontobel Financial Pr 20.000 6/28/2024 EUR 69.410
UBS AG/London 11.250 4/12/2024 USD 73.150
Basler Kantonalbank 17.000 7/19/2024 CHF 58.620
Credit Suisse AG/Lond 8.000 4/19/2024 CHF 60.000
Vontobel Financial Pr 14.000 6/28/2024 EUR 49.510
Vontobel Financial Pr 10.500 3/22/2024 EUR 52.210
Bank Vontobel AG 7.000 4/15/2024 CHF 59.500
Bank Vontobel AG 8.000 4/15/2024 CHF 38.400
UBS AG/London 7.00010/14/2024 CHF 72.300
UBS AG/London 14.50010/14/2024 CHF 64.000
UniCredit Bank AG 6.800 5/24/2027 EUR 67.720
BNP Paribas Emissions 5.500 8/19/2024 EUR 70.800
Leonteq Securities AG 8.000 4/24/2025 CHF 69.290
Leonteq Securities AG 30.000 4/24/2024 CHF 32.780
Vontobel Financial Pr 9.000 3/22/2024 EUR 61.870
Zurcher Kantonalbank 18.000 4/17/2024 CHF 31.760
Zurcher Kantonalbank 5.300 4/15/2024 CHF 63.780
BNP Paribas Emissions 5.00012/21/2023 EUR 60.000
BNP Paribas Emissions 3.000 3/21/2024 EUR 65.920
BNP Paribas Emissions 5.000 3/21/2024 EUR 62.090
BNP Paribas Emissions 7.000 3/21/2024 EUR 58.380
BNP Paribas Emissions 5.000 6/27/2024 EUR 65.570
BNP Paribas Emissions 7.000 6/27/2024 EUR 61.940
BNP Paribas Emissions 8.000 6/27/2024 EUR 58.840
BNP Paribas Emissions 13.000 6/27/2024 EUR 75.810
BNP Paribas Emissions 14.000 3/21/2024 EUR 73.890
Leonteq Securities AG 13.00010/21/2024 EUR 61.180
Leonteq Securities AG 22.000 4/24/2024 USD 74.430
Leonteq Securities AG 8.00010/21/2024 CHF 64.180
DekaBank Deutsche Gir 2.55012/22/2023 EUR 63.860
DekaBank Deutsche Gir 1.00012/23/2024 EUR 64.420
Vontobel Financial Pr 12.500 2/9/2024 EUR 61.620
Leonteq Securities AG 22.000 8/7/2024 CHF 53.510
BNP Paribas Issuance 1.200 8/12/2026 EUR 74.790
Bank Vontobel AG 20.500 11/4/2024 CHF 50.200
BNP Paribas Emissions 18.000 6/27/2024 EUR 64.190
BNP Paribas Emissions 12.00012/30/2024 EUR 71.640
BNP Paribas Emissions 10.000 3/21/2024 EUR 71.570
BNP Paribas Emissions 17.000 3/21/2024 EUR 64.460
Sberbank of Russia PJ 0.01011/23/2026 RUB 67.900
DekaBank Deutsche Gir 3.20012/20/2024 EUR 64.380
Citigroup Global Mark 4.95010/19/2029 CHF 9.415
Raiffeisen Schweiz Ge 7.000 5/22/2024 CHF 65.880
DekaBank Deutsche Gir 3.400 1/5/2024 EUR 57.340
Basler Kantonalbank 7.400 6/3/2024 CHF 67.740
Bank Vontobel AG 7.500 2/5/2024 CHF 57.700
Leonteq Securities AG 20.000 9/18/2024 CHF 72.420
Leonteq Securities AG 22.000 9/18/2024 CHF 60.070
UniCredit Bank AG 17.70012/22/2023 EUR 60.320
UniCredit Bank AG 17.300 3/22/2024 EUR 64.400
UniCredit Bank AG 17.800 6/28/2024 EUR 66.320
UniCredit Bank AG 19.70012/31/2024 EUR 68.340
DZ Bank AG Deutsche Z 6.750 3/20/2024 EUR 70.230
DZ Bank AG Deutsche Z 8.500 6/26/2024 EUR 64.130
Leonteq Securities AG 20.000 8/30/2024 CHF 70.590
EFG International Fin 8.000 3/5/2024 CHF 52.650
SG Issuer SA 5.000 5/30/2029 EUR 51.260
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 65.520
Leonteq Securities AG 17.000 12/5/2023 CHF 14.940
DZ Bank AG Deutsche Z 18.700 6/28/2024 EUR 74.410
Raiffeisen Schweiz Ge 5.800 2/7/2024 CHF 68.410
UniCredit Bank AG 4.900 3/10/2025 EUR 68.370
UniCredit Bank AG 20.00012/22/2023 EUR 63.010
UniCredit Bank AG 19.100 3/22/2024 EUR 67.410
UniCredit Bank AG 19.400 6/28/2024 EUR 69.330
UniCredit Bank AG 19.10012/31/2024 EUR 72.500
UniCredit Bank AG 20.00012/31/2024 EUR 71.740
UniCredit Bank AG 17.10012/22/2023 EUR 65.660
DekaBank Deutsche Gir 2.10012/13/2024 EUR 73.990
DekaBank Deutsche Gir 3.70012/15/2025 EUR 72.380
UniCredit Bank AG 4.55012/22/2025 EUR 50.660
BNP Paribas Emissions 17.000 6/27/2024 EUR 66.730
BNP Paribas Emissions 20.000 6/27/2024 EUR 65.270
BNP Paribas Emissions 11.00012/30/2024 EUR 72.920
BNP Paribas Emissions 13.00012/30/2024 EUR 70.510
BNP Paribas Emissions 14.000 3/21/2024 EUR 65.970
BNP Paribas Emissions 20.000 3/21/2024 EUR 62.070
Landesbank Hessen-Thu 0.50012/23/2036 EUR 64.750
HSBC Trinkaus & Burkh 14.750 4/26/2024 EUR 65.330
HSBC Trinkaus & Burkh 10.000 4/26/2024 EUR 68.370
HSBC Trinkaus & Burkh 16.250 5/24/2024 EUR 65.300
HSBC Trinkaus & Burkh 14.750 7/26/2024 EUR 66.880
HSBC Trinkaus & Burkh 20.250 6/28/2024 EUR 61.410
HSBC Trinkaus & Burkh 18.750 9/27/2024 EUR 64.390
Swissquote Bank SA 28.320 9/18/2024 CHF 66.470
UniCredit Bank AG 19.100 3/22/2024 EUR 62.620
UniCredit Bank AG 19.200 6/28/2024 EUR 65.060
UniCredit Bank AG 18.80012/31/2024 EUR 68.940
Landesbank Hessen-Thu 1.50012/16/2036 EUR 70.300
Landesbank Baden-Wuer 3.00011/28/2025 EUR 73.900
Landesbank Baden-Wuer 3.00011/28/2025 EUR 67.000
Bank Vontobel AG 6.250 5/7/2024 CHF 67.800
Metal Hungaria Holdin 3.50011/16/2031 HUF 70.000
Leonteq Securities AG 3.500 5/15/2024 EUR 69.160
DekaBank Deutsche Gir 2.70012/13/2024 EUR 69.570
UniCredit Bank AG 7.400 12/9/2024 EUR 40.760
BNP Paribas Emissions 22.000 3/21/2024 EUR 62.640
Leonteq Securities AG 9.000 1/31/2024 CHF 54.140
Leonteq Securities AG 5.000 1/31/2024 CHF 67.350
Leonteq Securities AG 7.000 1/31/2024 CHF 57.400
Raiffeisen Schweiz Ge 6.000 1/31/2024 CHF 67.470
UBS AG/London 15.240 1/31/2024 USD 5.237
EFG International Fin 8.000 2/2/2024 CHF 59.080
Landesbank Hessen-Thu 3.000 3/10/2037 EUR 68.600
Sberbank of Russia PJ 0.010 2/4/2027 RUB 67.600
Landesbank Hessen-Thu 1.000 3/9/2037 EUR 71.800
HSBC Trinkaus & Burkh 8.600 9/27/2024 EUR 59.420
HSBC Trinkaus & Burkh 6.20012/30/2024 EUR 65.690
Landesbank Baden-Wuer 7.500 6/27/2025 EUR 69.650
Raiffeisen Schweiz Ge 20.000 9/25/2024 CHF 65.070
Raiffeisen Schweiz Ge 20.000 9/25/2024 CHF 62.760
UniCredit Bank AG 11.70012/22/2023 EUR 57.640
UniCredit Bank AG 13.30012/22/2023 EUR 55.550
UniCredit Bank AG 14.900 3/22/2024 EUR 59.220
UniCredit Bank AG 16.400 3/22/2024 EUR 57.660
UniCredit Bank AG 19.600 3/22/2024 EUR 55.010
UniCredit Bank AG 15.800 6/28/2024 EUR 61.280
UniCredit Bank AG 17.000 6/28/2024 EUR 60.140
UniCredit Bank AG 19.500 6/28/2024 EUR 58.250
UniCredit Bank AG 17.20012/31/2024 EUR 64.330
UniCredit Bank AG 18.80012/31/2024 EUR 63.290
Bank Vontobel AG 6.000 6/26/2024 CHF 61.700
Bank Vontobel AG 13.000 6/26/2024 CHF 45.500
Bank Vontobel AG 9.000 6/17/2025 CHF 70.100
Bank Vontobel AG 18.50012/16/2024 CHF 47.900
DZ Bank AG Deutsche Z 20.400 3/22/2024 EUR 67.290
DZ Bank AG Deutsche Z 16.400 6/28/2024 EUR 73.660
DZ Bank AG Deutsche Z 24.100 6/28/2024 EUR 62.300
Bank Vontobel AG 20.000 6/26/2024 CHF 48.600
DZ Bank AG Deutsche Z 15.400 6/28/2024 EUR 74.940
DZ Bank AG Deutsche Z 18.900 3/22/2024 EUR 70.750
DZ Bank AG Deutsche Z 22.000 3/22/2024 EUR 66.070
DZ Bank AG Deutsche Z 17.400 6/28/2024 EUR 72.430
DZ Bank AG Deutsche Z 18.500 6/28/2024 EUR 71.320
UBS AG/London 9.75012/23/2024 CHF 67.450
UBS AG/London 10.250 6/21/2024 CHF 62.500
Vontobel Financial Pr 18.500 6/28/2024 EUR 67.890
Vontobel Financial Pr 22.500 6/28/2024 EUR 64.410
Vontobel Financial Pr 21.500 6/28/2024 EUR 70.300
Vontobel Financial Pr 17.500 6/28/2024 EUR 72.630
Banque Internationale 24.70012/21/2023 EUR 56.500
Vontobel Financial Pr 21.500 3/22/2024 EUR 68.760
Vontobel Financial Pr 23.500 3/22/2024 EUR 75.150
DZ Bank AG Deutsche Z 4.75012/18/2023 EUR 52.860
DZ Bank AG Deutsche Z 20.100 3/22/2024 EUR 71.050
DZ Bank AG Deutsche Z 21.000 9/27/2024 EUR 74.070
UniCredit Bank AG 15.40012/22/2023 EUR 53.640
UniCredit Bank AG 17.80012/22/2023 EUR 51.890
UniCredit Bank AG 17.900 3/22/2024 EUR 56.240
UniCredit Bank AG 18.200 6/28/2024 EUR 59.120
UniCredit Bank AG 18.00012/31/2024 EUR 63.780
UniCredit Bank AG 19.60012/31/2024 EUR 62.870
DZ Bank AG Deutsche Z 4.500 9/25/2024 EUR 65.540
DZ Bank AG Deutsche Z 4.70012/18/2023 EUR 68.340
DZ Bank AG Deutsche Z 7.75012/20/2023 EUR 59.760
Vontobel Financial Pr 15.000 3/22/2024 EUR 74.350
Vontobel Financial Pr 20.000 3/22/2024 EUR 70.420
Basler Kantonalbank 18.000 6/21/2024 CHF 68.100
DZ Bank AG Deutsche Z 24.200 3/22/2024 EUR 74.610
Vontobel Financial Pr 24.000 6/28/2024 EUR 51.780
Vontobel Financial Pr 23.000 6/28/2024 EUR 53.900
Leonteq Securities AG 6.000 1/31/2024 USD 67.660
Zurcher Kantonalbank 5.100 1/31/2025 CHF 21.080
Leonteq Securities AG 6.000 2/7/2024 CHF 44.660
Raiffeisen Schweiz Ge 5.500 2/7/2024 CHF 53.920
Leonteq Securities AG 7.000 2/7/2024 CHF 65.210
DZ Bank AG Deutsche Z 2.12012/29/2031 EUR 74.990
Bank Vontobel AG 6.200 2/2/2024 CHF 69.100
UBS AG/London 7.750 2/23/2024 EUR 69.550
UBS AG/London 19.000 7/12/2024 CHF 44.550
UBS AG/London 14.250 7/12/2024 EUR 54.500
Leonteq Securities AG 8.000 1/20/2025 EUR 73.890
DZ Bank AG Deutsche Z 7.500 9/27/2024 EUR 71.590
Ameriabank CJSC 9.500 7/14/2024 AMD 9.000
Basler Kantonalbank 21.000 7/5/2024 CHF 60.250
Zurcher Kantonalbank 10.000 7/12/2024 CHF 67.170
Societe Generale Effe 9.000 7/26/2024 EUR 72.270
Societe Generale Effe 11.000 7/26/2024 EUR 69.270
Societe Generale Effe 13.000 7/26/2024 EUR 67.370
DZ Bank AG Deutsche Z 9.900 7/26/2024 EUR 65.720
SG Issuer SA 11.170 7/20/2025 SEK 55.440
Raiffeisen Schweiz Ge 10.20010/28/2024 CHF 63.240
Raiffeisen Schweiz Ge 8.000 5/2/2025 CHF 68.330
Bank Vontobel AG 10.500 7/29/2024 EUR 56.100
DZ Bank AG Deutsche Z 0.680 6/7/2024 EUR 62.180
UBS AG/London 12.000 11/4/2024 EUR 62.100
Basler Kantonalbank 26.000 5/8/2024 CHF 37.170
UniCredit Bank AG 18.90012/22/2023 EUR 71.080
UniCredit Bank AG 19.200 6/28/2024 EUR 72.780
UniCredit Bank AG 19.600 3/22/2024 EUR 74.280
UniCredit Bank AG 14.500 3/22/2024 EUR 74.620
UniCredit Bank AG 18.100 3/22/2024 EUR 68.170
UniCredit Bank AG 18.00012/22/2023 EUR 72.470
UniCredit Bank AG 19.00012/22/2023 EUR 70.780
UniCredit Bank AG 20.00012/22/2023 EUR 69.170
UniCredit Bank AG 16.800 3/22/2024 EUR 75.730
UniCredit Bank AG 17.500 3/22/2024 EUR 74.330
UniCredit Bank AG 18.200 3/22/2024 EUR 72.980
UniCredit Bank AG 18.900 3/22/2024 EUR 71.680
UniCredit Bank AG 19.700 3/22/2024 EUR 70.450
UniCredit Bank AG 16.800 6/28/2024 EUR 76.730
UniCredit Bank AG 17.400 6/28/2024 EUR 75.700
UniCredit Bank AG 18.000 6/28/2024 EUR 74.690
UniCredit Bank AG 18.600 6/28/2024 EUR 73.720
Swissquote Bank SA 21.060 4/11/2024 CHF 36.560
Raiffeisen Schweiz Ge 9.000 5/2/2025 CHF 67.870
Raiffeisen Schweiz Ge 18.400 5/2/2024 CHF 33.780
Bank Vontobel AG 23.500 4/29/2024 CHF 32.800
UniCredit Bank AG 6.800 7/25/2024 EUR 63.590
Leonteq Securities AG 30.000 5/8/2024 CHF 39.380
Societe Generale Effe 12.750 9/27/2024 EUR 70.630
EFG International Fin 4.900 12/4/2023 USD 47.510
Bank Vontobel AG 9.500 7/1/2024 EUR 60.500
Vontobel Financial Pr 9.000 9/27/2024 EUR 70.100
HSBC Trinkaus & Burkh 7.000 1/26/2024 EUR 70.180
DZ Bank AG Deutsche Z 0.88012/30/2030 EUR 73.550
BNP Paribas Issuance 19.000 9/18/2026 EUR 52.620
UniCredit Bank AG 16.550 8/18/2025 USD 40.010
Zurcher Kantonalbank 24.673 6/28/2024 CHF 72.010
Bank Vontobel AG 10.000 6/28/2024 USD 72.900
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 68.490
Credit Suisse AG/Lond 9.50010/25/2024 CHF 67.270
Bank Vontobel AG 28.000 9/9/2024 CHF 65.400
Leonteq Securities AG 9.000 7/8/2024 CHF 55.840
Erste Group Bank AG 14.500 8/2/2024 EUR 51.050
Bank Vontobel AG 22.000 7/1/2024 CHF 57.600
BNP Paribas Issuance 16.000 9/18/2026 EUR 73.880
Leonteq Securities AG 25.00012/18/2024 CHF 61.130
HSBC Trinkaus & Burkh 6.700 9/27/2024 EUR 63.210
HSBC Trinkaus & Burkh 6.000 8/23/2024 EUR 66.390
Landesbank Baden-Wuer 6.100 6/27/2025 EUR 75.230
Leonteq Securities AG 9.200 7/7/2025 CHF 33.800
Landesbank Baden-Wuer 6.750 6/27/2025 EUR 72.550
HSBC Trinkaus & Burkh 10.500 9/27/2024 EUR 72.860
Bank Vontobel AG 20.000 1/5/2024 CHF 19.100
Citigroup Global Mark 6.220 9/25/2024 SGD 5.114
Landesbank Baden-Wuer 8.900 6/27/2025 EUR 68.190
HSBC Trinkaus & Burkh 15.200 3/22/2024 EUR 70.150
HSBC Trinkaus & Burkh 5.100 3/28/2025 EUR 67.380
HSBC Trinkaus & Burkh 6.200 1/26/2024 EUR 65.750
Landesbank Baden-Wuer 8.500 6/27/2025 EUR 66.420
HSBC Trinkaus & Burkh 8.300 9/27/2024 EUR 75.650
Landesbank Baden-Wuer 7.10011/22/2024 EUR 71.540
HSBC Trinkaus & Burkh 9.400 3/22/2024 EUR 76.260
Landesbank Baden-Wuer 7.70011/22/2024 EUR 66.430
HSBC Trinkaus & Burkh 5.00012/22/2023 EUR 67.930
HSBC Trinkaus & Burkh 6.900 9/27/2024 EUR 65.120
HSBC Trinkaus & Burkh 5.80012/30/2024 EUR 66.400
HSBC Trinkaus & Burkh 7.200 1/26/2024 EUR 64.570
HSBC Trinkaus & Burkh 6.900 2/23/2024 EUR 65.020
HSBC Trinkaus & Burkh 6.700 8/23/2024 EUR 65.650
Vontobel Financial Pr 8.500 6/28/2024 EUR 72.500
HSBC Trinkaus & Burkh 12.60012/22/2023 EUR 73.230
Landesbank Baden-Wuer 7.200 6/28/2024 EUR 63.990
HSBC Trinkaus & Burkh 11.20012/22/2023 EUR 70.000
Leonteq Securities AG 12.000 11/8/2024 CHF 70.660
Leonteq Securities AG 17.000 8/5/2024 USD 68.780
Societe Generale Effe 7.500 6/28/2024 EUR 72.750
Vontobel Financial Pr 12.00012/22/2023 EUR 66.710
Vontobel Financial Pr 11.00012/22/2023 EUR 69.690
Vontobel Financial Pr 11.50012/22/2023 EUR 68.190
Vontobel Financial Pr 13.50012/22/2023 EUR 64.130
Vontobel Financial Pr 10.50012/22/2023 EUR 71.150
Vontobel Financial Pr 9.50012/22/2023 EUR 72.800
Vontobel Financial Pr 19.50012/22/2023 EUR 54.560
Vontobel Financial Pr 18.00012/22/2023 EUR 56.340
Vontobel Financial Pr 14.50012/22/2023 EUR 61.690
Vontobel Financial Pr 16.50012/22/2023 EUR 58.400
Vontobel Financial Pr 12.50012/22/2023 EUR 65.350
Vontobel Financial Pr 15.50012/22/2023 EUR 60.500
Vontobel Financial Pr 14.00012/22/2023 EUR 62.910
Bank Vontobel AG 19.000 4/9/2024 CHF 22.100
DZ Bank AG Deutsche Z 5.50012/18/2023 EUR 72.960
DZ Bank AG Deutsche Z 6.20012/18/2023 EUR 71.900
Vontobel Financial Pr 17.50012/22/2023 EUR 68.970
Vontobel Financial Pr 21.00012/22/2023 EUR 63.700
Vontobel Financial Pr 20.00012/22/2023 EUR 65.150
Vontobel Financial Pr 15.50012/22/2023 EUR 73.590
Vontobel Financial Pr 19.00012/22/2023 EUR 67.000
Vontobel Financial Pr 16.50012/22/2023 EUR 71.060
SG Issuer SA 11.680 1/31/2024 CHF 43.200
DekaBank Deutsche Gir 2.450 8/30/2024 EUR 72.790
Landesbank Baden-Wuer 2.600 3/22/2024 EUR 71.610
Sberbank of Russia PJ 0.010 7/24/2028 RUB 66.000
Landesbank Baden-Wuer 2.250 8/22/2025 EUR 70.880
Landesbank Baden-Wuer 2.000 8/22/2025 EUR 71.280
Landesbank Baden-Wuer 4.000 8/22/2025 EUR 51.890
Landesbank Baden-Wuer 3.250 8/22/2025 EUR 53.430
UniCredit Bank AG 4.100 9/1/2025 EUR 71.880
Societe Generale SA 12.300 7/31/2024 USD 60.960
Erste Group Bank AG 4.500 8/31/2025 EUR 40.950
Landesbank Baden-Wuer 2.400 8/22/2025 EUR 71.870
Landesbank Baden-Wuer 2.500 8/22/2025 EUR 73.890
DZ Bank AG Deutsche Z 1.620 6/25/2031 EUR 71.590
Sberbank of Russia PJ 0.010 8/3/2028 RUB 65.020
DZ Bank AG Deutsche Z 4.250 9/25/2024 EUR 66.200
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 71.770
DZ Bank AG Deutsche Z 6.500 9/25/2024 EUR 62.740
DZ Bank AG Deutsche Z 5.000 3/20/2024 EUR 73.580
DZ Bank AG Deutsche Z 8.000 3/20/2024 EUR 62.280
DZ Bank AG Deutsche Z 6.75012/20/2023 EUR 65.670
DZ Bank AG Deutsche Z 7.500 6/26/2024 EUR 55.830
DZ Bank AG Deutsche Z 7.750 9/25/2024 EUR 67.110
Wellis Magyarorszag K 3.000 2/26/2031 HUF 71.155
Landesbank Baden-Wuer 3.200 3/27/2026 EUR 64.600
EFG International Fin 4.500 2/26/2024 USD 38.830
UniCredit Bank AG 4.600 3/26/2024 EUR 68.040
Landesbank Baden-Wuer 4.100 6/27/2025 EUR 66.730
Landesbank Hessen-Thu 1.400 3/5/2036 EUR 65.450
Societe Generale SA 14.000 4/3/2024 USD 14.500
UniCredit Bank AG 5.300 4/8/2025 EUR 61.540
Sberbank of Russia PJ 0.010 3/6/2028 RUB 68.800
DekaBank Deutsche Gir 2.250 7/14/2026 EUR 68.200
Landesbank Baden-Wuer 4.100 6/27/2025 EUR 59.350
DekaBank Deutsche Gir 2.000 6/28/2024 EUR 68.090
DekaBank Deutsche Gir 3.400 7/19/2024 EUR 31.740
Societe Generale Effe 11.250 8/23/2024 EUR 70.000
Societe Generale Effe 13.250 8/23/2024 EUR 68.160
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 68.500
UniCredit Bank AG 19.600 3/22/2024 EUR 70.220
UniCredit Bank AG 19.800 6/28/2024 EUR 71.820
UniCredit Bank AG 19.30012/31/2024 EUR 74.450
Zurcher Kantonalbank 19.000 8/23/2024 CHF 64.870
Societe Generale Effe 9.250 8/23/2024 EUR 73.050
DZ Bank AG Deutsche Z 6.800 6/28/2024 EUR 73.550
DZ Bank AG Deutsche Z 11.100 8/23/2024 EUR 67.430
DZ Bank AG Deutsche Z 7.20012/31/2024 EUR 72.860
DZ Bank AG Deutsche Z 8.30012/31/2024 EUR 70.900
DZ Bank AG Deutsche Z 9.50012/31/2024 EUR 69.250
DZ Bank AG Deutsche Z 12.50012/31/2024 EUR 67.170
EFG International Fin 11.500 12/8/2023 USD 57.450
UBS AG/London 13.75012/11/2023 CHF 16.740
DekaBank Deutsche Gir 2.100 9/27/2024 EUR 75.210
DekaBank Deutsche Gir 2.350 9/27/2024 EUR 38.690
UniCredit Bank AG 10.300 9/27/2024 EUR 37.250
DekaBank Deutsche Gir 2.85010/11/2024 EUR 65.170
DekaBank Deutsche Gir 2.25010/11/2024 EUR 72.340
Raiffeisen Schweiz Ge 4.000 9/10/2024 CHF 63.700
Erste Group Bank AG 4.500 10/1/2025 EUR 25.950
Landesbank Baden-Wuer 3.85010/24/2025 EUR 60.890
Landesbank Baden-Wuer 3.00010/24/2025 EUR 71.820
Landesbank Hessen-Thu 1.200 9/17/2036 EUR 64.900
UniCredit Bank AG 6.15010/21/2024 EUR 23.050
DZ Bank AG Deutsche Z 0.61012/30/2030 EUR 75.170
Societe Generale SA 20.000 9/18/2026 USD 9.500
Sberbank of Russia PJ 0.010 9/21/2026 RUB 73.100
Landesbank Baden-Wuer 3.000 9/25/2026 EUR 68.060
Landesbank Hessen-Thu 1.50010/27/2036 EUR 60.900
Landesbank Baden-Wuer 2.500 4/28/2025 EUR 73.640
Sberbank of Russia PJ 0.010 9/21/2028 RUB 67.010
DekaBank Deutsche Gir 4.450 4/27/2026 EUR 64.590
EFG International Fin 15.500 4/4/2024 CHF 49.830
Erste Group Bank AG 6.000 5/2/2026 EUR 62.400
Communication Technol 5.250 1/27/2032 HUF 65.000
IDBank CJSC 9.250 5/25/2024 AMD 0.000
Citigroup Global Mark 7.800 4/19/2027 EUR 63.160
BNP Paribas Emissions 8.00012/21/2023 EUR 73.280
BNP Paribas Emissions 9.00012/21/2023 EUR 67.730
BNP Paribas Emissions 11.00012/21/2023 EUR 63.010
BNP Paribas Emissions 14.00012/21/2023 EUR 48.130
BNP Paribas Emissions 15.00012/21/2023 EUR 46.260
BNP Paribas Emissions 12.00012/21/2023 EUR 65.710
BNP Paribas Emissions 10.00012/21/2023 EUR 56.630
BNP Paribas Emissions 15.00012/21/2023 EUR 43.910
BNP Paribas Emissions 7.00012/21/2023 EUR 75.370
BNP Paribas Emissions 8.00012/21/2023 EUR 70.430
BNP Paribas Emissions 9.00012/21/2023 EUR 66.100
BNP Paribas Emissions 12.00012/21/2023 EUR 74.810
BNP Paribas Emissions 12.00012/21/2023 EUR 52.380
BNP Paribas Emissions 10.00012/21/2023 EUR 57.960
BNP Paribas Emissions 11.00012/21/2023 EUR 55.270
BNP Paribas Emissions 7.00012/21/2023 EUR 66.610
BNP Paribas Emissions 10.00012/21/2023 EUR 59.370
BNP Paribas Emissions 6.00012/21/2023 EUR 62.510
BNP Paribas Emissions 8.00012/21/2023 EUR 56.930
BNP Paribas Emissions 10.00012/21/2023 EUR 52.290
BNP Paribas Emissions 11.00012/21/2023 EUR 50.650
BNP Paribas Emissions 12.00012/21/2023 EUR 48.370
BNP Paribas Emissions 12.00012/21/2023 EUR 55.390
BNP Paribas Emissions 14.00012/21/2023 EUR 49.590
BNP Paribas Emissions 12.00012/21/2023 EUR 51.050
BNP Paribas Emissions 13.00012/21/2023 EUR 49.990
BNP Paribas Emissions 7.00012/21/2023 EUR 69.500
BNP Paribas Emissions 7.00012/21/2023 EUR 65.240
BNP Paribas Emissions 10.00012/21/2023 EUR 57.260
Raiffeisen Schweiz Ge 8.600 1/4/2024 CHF 49.540
Raiffeisen Schweiz Ge 6.200 4/4/2024 CHF 64.700
UBS AG/London 7.250 4/3/2024 USD 9.264
Leonteq Securities AG 12.000 6/17/2024 CHF 71.000
Leonteq Securities AG 16.000 3/20/2024 CHF 49.800
Corner Banca SA 22.000 3/20/2024 CHF 28.170
Bank Julius Baer & Co 7.10012/20/2024 CHF 65.750
Zurcher Kantonalbank 16.000 6/14/2024 CHF 54.700
UBS AG/London 14.000 6/14/2024 USD 63.850
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 71.410
Bank Vontobel AG 7.000 12/4/2023 CHF 60.800
UBS AG/London 9.750 6/10/2024 CHF 62.700
Leonteq Securities AG 9.600 6/13/2024 CHF 65.350
Bank Vontobel AG 8.00012/11/2023 CHF 47.100
BNP Paribas Emissions 6.00012/21/2023 EUR 56.860
BNP Paribas Emissions 7.00012/21/2023 EUR 56.900
BNP Paribas Emissions 8.00012/21/2023 EUR 52.220
BNP Paribas Emissions 9.00012/21/2023 EUR 52.260
BNP Paribas Emissions 10.00012/21/2023 EUR 48.300
BNP Paribas Emissions 12.00012/21/2023 EUR 44.960
BNP Paribas Emissions 12.00012/21/2023 EUR 63.910
BNP Paribas Emissions 16.00012/21/2023 EUR 52.530
BNP Paribas Emissions 8.00012/21/2023 EUR 57.890
BNP Paribas Emissions 14.00012/21/2023 EUR 46.660
BNP Paribas Emissions 13.00012/21/2023 EUR 75.060
BNP Paribas Emissions 14.00012/21/2023 EUR 67.200
BNP Paribas Emissions 7.00012/21/2023 EUR 70.340
BNP Paribas Emissions 9.50012/21/2023 EUR 62.960
BNP Paribas Emissions 10.00012/21/2023 EUR 76.170
BNP Paribas Emissions 13.00012/21/2023 EUR 70.310
BNP Paribas Emissions 15.00012/21/2023 EUR 74.000
BNP Paribas Emissions 15.00012/21/2023 EUR 74.170
BNP Paribas Emissions 12.00012/21/2023 EUR 66.210
BNP Paribas Emissions 16.00012/21/2023 EUR 55.540
BNP Paribas Emissions 13.00012/21/2023 EUR 75.360
Bank Vontobel AG 10.000 8/19/2024 CHF 49.300
Swissquote Bank SA 8.320 8/21/2024 CHF 71.940
Corner Banca SA 23.000 8/21/2024 CHF 46.940
Leonteq Securities AG 24.000 8/21/2024 CHF 61.960
Raiffeisen Switzerlan 12.300 8/21/2024 CHF 54.320
UniCredit Bank AG 16.800 3/22/2024 EUR 48.350
UniCredit Bank AG 15.200 3/22/2024 EUR 49.550
Leonteq Securities AG 22.000 6/5/2024 CHF 72.240
Leonteq Securities AG 28.000 6/5/2024 CHF 38.210
Leonteq Securities AG 9.000 12/2/2024 CHF 67.650
Leonteq Securities AG 24.000 6/5/2024 CHF 56.130
Vontobel Financial Pr 8.000 6/28/2024 EUR 62.500
Vontobel Financial Pr 11.000 6/28/2024 EUR 60.410
Leonteq Securities AG 5.000 1/4/2024 CHF 64.240
Landesbank Baden-Wuer 4.60012/22/2023 EUR 26.570
Landesbank Baden-Wuer 2.40012/22/2023 EUR 33.600
Landesbank Baden-Wuer 3.00012/22/2023 EUR 56.860
Landesbank Baden-Wuer 9.50012/22/2023 EUR 68.200
Landesbank Baden-Wuer 5.30012/22/2023 EUR 70.080
Landesbank Baden-Wuer 6.00012/22/2023 EUR 65.100
Landesbank Baden-Wuer 7.50012/22/2023 EUR 56.700
Landesbank Baden-Wuer 2.70012/22/2023 EUR 75.270
Landesbank Baden-Wuer 6.50012/22/2023 EUR 54.370
Landesbank Baden-Wuer 3.10012/22/2023 EUR 62.620
Landesbank Baden-Wuer 8.10012/22/2023 EUR 37.580
Landesbank Baden-Wuer 3.00012/22/2023 EUR 59.680
Landesbank Baden-Wuer 4.30012/22/2023 EUR 60.420
Landesbank Baden-Wuer 6.10012/22/2023 EUR 59.620
Landesbank Baden-Wuer 3.10012/22/2023 EUR 28.560
Landesbank Baden-Wuer 4.15012/22/2023 EUR 60.160
Landesbank Baden-Wuer 4.50012/22/2023 EUR 37.300
Landesbank Baden-Wuer 6.00012/22/2023 EUR 74.120
Landesbank Baden-Wuer 4.30012/22/2023 EUR 52.750
Landesbank Baden-Wuer 6.75012/22/2023 EUR 74.700
UBS AG/London 5.75012/29/2023 CHF 61.800
Raiffeisen Switzerlan 6.500 1/3/2024 CHF 64.630
Landesbank Hessen-Thu 1.000 6/12/2035 EUR 70.400
Leonteq Securities AG 20.000 7/3/2024 CHF 50.290
Leonteq Securities AG 20.000 7/3/2024 CHF 60.560
Zurcher Kantonalbank 10.000 6/26/2024 CHF 68.460
UniCredit Bank AG 9.30012/31/2024 EUR 71.780
SG Issuer SA 5.000 5/23/2024 EUR 53.800
Vontobel Financial Pr 12.750 6/28/2024 EUR 64.260
Vontobel Financial Pr 9.000 6/28/2024 EUR 60.810
Vontobel Financial Pr 24.750 6/28/2024 EUR 48.500
Leonteq Securities AG 14.000 7/24/2024 CHF 70.120
Leonteq Securities AG 15.000 7/24/2024 CHF 47.310
Leonteq Securities AG 23.000 7/24/2024 CHF 47.150
Leonteq Securities AG 9.000 1/21/2025 CHF 72.310
Leonteq Securities AG 10.000 1/21/2025 EUR 73.580
Swissquote Bank SA 11.580 7/24/2024 CHF 69.290
Raiffeisen Switzerlan 10.250 1/21/2025 EUR 72.950
Raiffeisen Schweiz Ge 20.000 7/24/2024 CHF 54.670
Raiffeisen Schweiz Ge 16.000 7/24/2024 CHF 71.780
Bank Vontobel AG 25.000 7/22/2024 USD 47.700
Societe Generale SA 7.280 5/6/2024 USD 40.250
Basler Kantonalbank 26.00012/29/2023 USD 43.660
UBS AG/London 13.750 7/1/2024 CHF 60.100
Leonteq Securities AG 24.120 1/4/2024 CHF 40.900
Finca Uco Cjsc 6.500 4/20/2024 USD 0.000
Evocabank CJSC 11.000 9/28/2024 AMD 10.300
Evocabank CJSC 5.000 9/28/2024 USD 0.000
Leonteq Securities AG 7.000 6/7/2024 CHF 57.630
UniCredit Bank AG 5.600 6/30/2025 EUR 60.090
Raiffeisen Schweiz Ge 10.000 12/7/2023 CHF 28.730
Vontobel Financial Pr 25.000 6/28/2024 EUR 57.240
Vontobel Financial Pr 23.500 6/28/2024 EUR 67.600
HSBC Trinkaus & Burkh 7.700 9/27/2024 EUR 63.530
HSBC Trinkaus & Burkh 6.90012/30/2024 EUR 64.230
HSBC Trinkaus & Burkh 9.90012/22/2023 EUR 58.160
HSBC Trinkaus & Burkh 5.30012/22/2023 EUR 56.640
HSBC Trinkaus & Burkh 8.400 3/22/2024 EUR 60.020
HSBC Trinkaus & Burkh 6.200 6/28/2024 EUR 63.410
HSBC Trinkaus & Burkh 12.300 3/22/2024 EUR 50.490
HSBC Trinkaus & Burkh 6.400 9/27/2024 EUR 60.240
HSBC Trinkaus & Burkh 15.10012/22/2023 EUR 47.710
HSBC Trinkaus & Burkh 9.400 3/22/2024 EUR 53.870
HSBC Trinkaus & Burkh 6.700 3/22/2024 EUR 58.210
Leonteq Securities AG 14.000 7/3/2024 CHF 48.010
Leonteq Securities AG 24.000 7/3/2024 CHF 57.890
Landesbank Baden-Wuer 6.000 1/3/2025 EUR 73.480
Bank Vontobel AG 8.50012/23/2024 CHF 66.200
Vontobel Financial Pr 16.750 6/28/2024 EUR 60.180
Vontobel Financial Pr 7.000 6/28/2024 EUR 63.700
Vontobel Financial Pr 8.500 6/28/2024 EUR 71.030
Leonteq Securities AG 26.000 7/3/2024 CHF 45.670
Corner Banca SA 15.000 7/3/2024 CHF 71.000
Ardshinbank CJSC 9.750 7/3/2025 AMD 0.000
Zurcher Kantonalbank 10.000 6/26/2024 EUR 66.800
HSBC Trinkaus & Burkh 7.100 3/28/2025 EUR 65.570
HSBC Trinkaus & Burkh 6.200 3/28/2025 EUR 66.550
HSBC Trinkaus & Burkh 5.200 6/27/2025 EUR 68.000
HSBC Trinkaus & Burkh 6.300 7/26/2024 EUR 67.530
HSBC Trinkaus & Burkh 5.60011/22/2024 EUR 68.220
HSBC Trinkaus & Burkh 18.000 9/27/2024 EUR 76.490
DZ Bank AG Deutsche Z 5.00012/20/2023 EUR 71.340
DZ Bank AG Deutsche Z 6.750 2/21/2024 EUR 70.600
DZ Bank AG Deutsche Z 5.000 3/20/2024 EUR 73.510
DZ Bank AG Deutsche Z 5.000 6/26/2024 EUR 70.670
Leonteq Securities AG 10.000 5/30/2024 CHF 52.310
UBS AG/London 5.250 1/12/2024 USD 58.600
UBS AG/London 9.500 1/12/2024 CHF 46.950
UBS AG/London 5.500 1/12/2024 CHF 62.150
Landesbank Baden-Wuer 5.90012/22/2023 EUR 23.980
Landesbank Baden-Wuer 5.00012/22/2023 EUR 49.520
Landesbank Baden-Wuer 4.20012/22/2023 EUR 72.510
Landesbank Baden-Wuer 4.90012/22/2023 EUR 64.630
Landesbank Baden-Wuer 8.50012/22/2023 EUR 47.690
Landesbank Baden-Wuer 4.10012/22/2023 EUR 66.990
Landesbank Baden-Wuer 2.30012/22/2023 EUR 66.060
Landesbank Baden-Wuer 6.30012/22/2023 EUR 42.820
Landesbank Baden-Wuer 2.50012/22/2023 EUR 68.970
Landesbank Baden-Wuer 9.20012/22/2023 EUR 48.940
Landesbank Baden-Wuer 7.00012/22/2023 EUR 21.250
Landesbank Baden-Wuer 2.50012/22/2023 EUR 66.090
Landesbank Baden-Wuer 3.00012/22/2023 EUR 41.920
Landesbank Baden-Wuer 3.10012/22/2023 EUR 58.130
UBS AG/London 4.75012/29/2023 CHF 62.600
UBS AG/London 4.75012/29/2023 EUR 56.650
UBS AG/London 6.50012/29/2023 CHF 44.200
Bank Vontobel AG 5.000 1/4/2024 CHF 63.600
Leonteq Securities AG 7.000 1/5/2024 CHF 46.490
Raiffeisen Switzerlan 5.900 1/3/2024 CHF 64.740
VTB Bank PJSC 0.01011/25/2026 RUB 67.900
Landesbank Baden-Wuer 4.100 1/23/2026 EUR 72.520
Erste Group Bank AG 5.250 1/31/2026 EUR 30.000
UBS AG/London 6.25012/22/2023 CHF 44.350
UBS AG/London 8.00012/22/2023 USD 73.400
Unibank OJSC 9.800 2/26/2024 AMD 9.450
Leonteq Securities AG 7.00012/27/2023 CHF 46.700
Leonteq Securities AG 7.00012/27/2023 USD 64.770
Bank Vontobel AG 5.50012/27/2023 CHF 67.400
Sberbank of Russia PJ 0.01012/11/2026 RUB 69.110
Raiffeisen Schweiz Ge 6.30012/27/2023 CHF 40.120
Raiffeisen Schweiz Ge 6.00012/27/2023 CHF 64.380
UBS AG/London 6.250 1/12/2024 CHF 65.300
UBS AG/London 6.500 1/12/2024 CHF 61.500
Landesbank Baden-Wuer 2.300 7/24/2026 EUR 73.390
Landesbank Baden-Wuer 2.500 7/24/2026 EUR 63.960
Raiffeisen Bank Inter 10.000 2/12/2024 EUR 75.960
Landesbank Hessen-Thu 1.800 7/7/2036 EUR 65.900
DekaBank Deutsche Gir 3.500 6/28/2024 EUR 56.370
Landesbank Baden-Wuer 3.200 6/27/2025 EUR 67.950
DekaBank Deutsche Gir 3.100 6/28/2024 EUR 64.580
Sberbank of Russia PJ 0.010 6/4/2026 RUB 74.900
Sberbank of Russia PJ 0.010 6/2/2028 RUB 74.200
Erste Group Bank AG 7.250 6/30/2026 EUR 60.200
Erste Group Bank AG 5.500 6/30/2025 EUR 48.750
UniCredit Bank AG 4.050 7/1/2024 EUR 71.380
UniCredit Bank AG 5.250 7/1/2024 EUR 14.900
Landesbank Baden-Wuer 3.350 6/26/2026 EUR 68.410
Richter Gedeon Nyrt 1.750 6/4/2031 HUF 72.500
DekaBank Deutsche Gir 4.250 6/30/2025 EUR 61.430
Finca Uco Cjsc 13.000 5/30/2025 AMD 10.604
UBS AG/London 8.250 1/13/2025 CHF 67.650
Leonteq Securities AG 8.010 6/27/2024 CHF 63.490
Swissquote Bank SA 22.44012/27/2023 CHF 60.740
Leonteq Securities AG 16.000 3/27/2024 CHF 49.610
Vontobel Financial Pr 21.50012/22/2023 EUR 73.060
Vontobel Financial Pr 23.50012/22/2023 EUR 69.540
Vontobel Financial Pr 21.50012/22/2023 EUR 58.010
DZ Bank AG Deutsche Z 4.25012/20/2023 EUR 71.350
DZ Bank AG Deutsche Z 4.500 3/20/2024 EUR 72.060
EFG International Fin 15.000 7/12/2024 CHF 63.800
Leonteq Securities AG 24.000 7/17/2024 CHF 50.270
Vontobel Financial Pr 5.750 4/9/2024 EUR 75.310
Bank Julius Baer & Co 8.900 10/7/2024 EUR 58.600
Leonteq Securities AG 7.00012/20/2023 CHF 60.300
Raiffeisen Schweiz Ge 8.00012/20/2023 CHF 64.170
Raiffeisen Schweiz Ge 6.30012/20/2023 CHF 64.580
Bank Vontobel AG 9.00012/18/2023 EUR 67.900
Bank Vontobel AG 6.00012/18/2023 CHF 38.600
Sberbank of Russia PJ 0.01012/21/2026 RUB 68.100
UBS AG/London 8.250 1/12/2024 CHF 75.200
DekaBank Deutsche Gir 6.600 1/17/2025 EUR 32.430
Erste Group Bank AG 4.250 1/31/2026 EUR 70.950
UBS AG/London 5.25012/22/2023 CHF 63.750
DZ Bank AG Deutsche Z 10.000 6/28/2024 EUR 72.240
DZ Bank AG Deutsche Z 21.00012/22/2023 EUR 73.230
DZ Bank AG Deutsche Z 24.70012/22/2023 EUR 59.850
DZ Bank AG Deutsche Z 4.75012/18/2023 EUR 59.060
Landesbank Baden-Wuer 9.200 8/23/2024 EUR 31.630
Landesbank Baden-Wuer 5.300 8/23/2024 EUR 73.650
Zurcher Kantonalbank 12.500 3/8/2024 CHF 48.840
BNP Paribas Emissions 24.00012/21/2023 EUR 58.040
BNP Paribas Emissions 14.000 6/27/2024 EUR 73.690
BNP Paribas Emissions 18.000 6/27/2024 EUR 64.940
Raiffeisen Switzerlan 9.100 8/26/2024 CHF 65.260
BNP Paribas Emissions 14.00012/21/2023 EUR 69.090
Vontobel Financial Pr 23.500 6/28/2024 EUR 59.540
Vontobel Financial Pr 19.000 6/28/2024 EUR 71.380
Vontobel Financial Pr 22.000 6/28/2024 EUR 62.140
Vontobel Financial Pr 16.000 6/28/2024 EUR 69.390
UBS AG/London 6.250 5/19/2025 EUR 56.450
UBS AG/London 9.75011/18/2024 EUR 58.550
Zurcher Kantonalbank 10.000 5/17/2024 CHF 67.020
Zurcher Kantonalbank 21.000 5/17/2024 CHF 45.520
DZ Bank AG Deutsche Z 5.000 3/20/2024 EUR 70.250
DZ Bank AG Deutsche Z 4.750 6/26/2024 EUR 68.620
DZ Bank AG Deutsche Z 7.25012/20/2023 EUR 53.140
DZ Bank AG Deutsche Z 6.750 3/20/2024 EUR 54.590
Vontobel Financial Pr 9.500 3/22/2024 EUR 68.660
Vontobel Financial Pr 12.000 3/22/2024 EUR 64.340
Vontobel Financial Pr 8.500 3/22/2024 EUR 71.280
Vontobel Financial Pr 11.500 6/28/2024 EUR 64.940
Vontobel Financial Pr 21.000 6/28/2024 EUR 58.130
Vontobel Financial Pr 10.500 6/28/2024 EUR 66.820
Vontobel Financial Pr 8.000 6/28/2024 EUR 73.510
Vontobel Financial Pr 18.000 6/28/2024 EUR 59.770
Vontobel Financial Pr 15.000 6/28/2024 EUR 61.640
Vontobel Financial Pr 9.000 6/28/2024 EUR 71.160
Vontobel Financial Pr 20.000 3/22/2024 EUR 57.550
Vontobel Financial Pr 24.500 3/22/2024 EUR 55.540
Vontobel Financial Pr 16.000 3/22/2024 EUR 60.050
Vontobel Financial Pr 23.500 3/22/2024 EUR 48.400
MirLand Development C 1.00012/31/2023 ILS 53.000
UBS AG/London 15.500 5/24/2024 CHF 72.800
UniCredit Bank AG 7.800 6/27/2024 EUR 65.660
UniCredit Bank AG 15.400 6/27/2024 EUR 72.500
Luzerner Kantonalbank 11.790 5/19/2025 CHF 73.270
Leonteq Securities AG 27.000 5/30/2024 CHF 52.250
Leonteq Securities AG 8.000 8/26/2024 CHF 64.780
Ameriabank CJSC 10.000 2/20/2025 AMD 10.000
HSBC Trinkaus & Burkh 8.800 3/22/2024 EUR 62.330
HSBC Trinkaus & Burkh 7.80012/30/2024 EUR 63.110
HSBC Trinkaus & Burkh 5.200 3/28/2025 EUR 66.380
HSBC Trinkaus & Burkh 10.100 3/22/2024 EUR 58.470
HSBC Trinkaus & Burkh 10.70012/22/2023 EUR 49.560
DZ Bank AG Deutsche Z 22.700 6/28/2024 EUR 67.430
HSBC Trinkaus & Burkh 5.700 2/23/2024 EUR 63.500
HSBC Trinkaus & Burkh 8.100 9/27/2024 EUR 56.730
HSBC Trinkaus & Burkh 5.000 9/27/2024 EUR 64.820
Bank Vontobel AG 9.250 9/10/2024 CHF 65.100
Bank Vontobel AG 15.000 3/11/2024 CHF 46.100
Bank Vontobel AG 21.000 3/11/2024 CHF 47.900
Bank Vontobel AG 11.000 9/10/2024 EUR 57.800
Basler Kantonalbank 11.200 9/16/2024 CHF 72.040
Basler Kantonalbank 18.000 6/17/2024 CHF 52.930
UBS AG/London 11.250 9/16/2024 EUR 58.250
Leonteq Securities AG 12.00012/16/2024 CHF 72.850
Leonteq Securities AG 16.000 6/20/2024 CHF 40.930
Leonteq Securities AG 28.000 3/20/2024 CHF 64.180
Landesbank Baden-Wuer 7.300 3/22/2024 EUR 64.070
Landesbank Baden-Wuer 14.000 3/22/2024 EUR 73.010
Landesbank Baden-Wuer 7.000 3/22/2024 EUR 70.580
Landesbank Baden-Wuer 9.500 3/22/2024 EUR 62.390
Landesbank Baden-Wuer 8.200 3/22/2024 EUR 72.000
Raiffeisen Switzerlan 15.000 6/19/2024 CHF 58.810
Vontobel Financial Pr 9.000 3/22/2024 EUR 68.530
Vontobel Financial Pr 16.250 3/22/2024 EUR 32.640
Vontobel Financial Pr 9.750 3/22/2024 EUR 66.520
Vontobel Financial Pr 9.750 3/22/2024 EUR 72.770
BNP Paribas Emissions 18.000 6/27/2024 EUR 69.150
BNP Paribas Emissions 21.000 6/27/2024 EUR 67.720
BNP Paribas Emissions 16.00012/21/2023 EUR 71.890
BNP Paribas Emissions 9.00012/30/2024 EUR 68.420
BNP Paribas Emissions 8.50012/30/2024 EUR 70.220
BNP Paribas Emissions 19.00012/21/2023 EUR 67.810
BNP Paribas Emissions 20.00012/21/2023 EUR 64.120
BNP Paribas Emissions 11.00012/21/2023 EUR 60.920
BNP Paribas Emissions 12.00012/21/2023 EUR 57.950
BNP Paribas Emissions 15.00012/21/2023 EUR 55.340
BNP Paribas Emissions 9.000 6/27/2024 EUR 69.700
BNP Paribas Emissions 10.000 6/27/2024 EUR 70.230
BNP Paribas Emissions 12.000 6/27/2024 EUR 63.490
BNP Paribas Emissions 16.000 6/27/2024 EUR 59.360
BNP Paribas Emissions 9.00012/21/2023 EUR 66.010
BNP Paribas Emissions 18.00012/21/2023 EUR 73.610
Zurcher Kantonalbank 9.000 3/13/2024 CHF 68.180
Swissquote Bank SA 11.700 6/19/2024 CHF 66.210
Landesbank Baden-Wuer 6.00012/22/2023 EUR 62.910
Raiffeisen Bank Inter 12.518 9/25/2024 EUR 67.850
Raiffeisen Bank Inter 13.503 9/25/2024 EUR 65.870
Raiffeisen Bank Inter 14.558 9/25/2024 EUR 63.570
UBS AG/London 8.000 7/24/2024 USD 9.815
Bank Julius Baer & Co 8.100 5/3/2024 CHF 71.400
DZ Bank AG Deutsche Z 8.250 6/26/2024 EUR 63.250
DZ Bank AG Deutsche Z 16.25012/20/2023 EUR 69.530
UBS AG/London 18.750 4/26/2024 CHF 30.050
DekaBank Deutsche Gir 7.500 5/31/2024 EUR 61.020
UBS AG/London 8.500 4/26/2024 CHF 60.050
Luzerner Kantonalbank 12.750 6/12/2024 CHF 54.320
Credit Suisse AG/Lond 8.500 3/11/2024 CHF 58.390
Bank Vontobel AG 22.250 6/17/2024 CHF 31.700
UBS AG/London 8.000 9/12/2024 USD 9.750
Swissquote Bank SA 20.120 6/20/2024 CHF 41.570
Leonteq Securities AG 30.000 3/20/2024 CHF 27.130
Landesbank Baden-Wuer 5.300 3/22/2024 EUR 70.280
Landesbank Baden-Wuer 10.000 3/22/2024 EUR 59.230
Landesbank Baden-Wuer 12.500 3/22/2024 EUR 71.850
Raiffeisen Switzerlan 20.000 6/19/2024 CHF 56.270
BNP Paribas Emissions 25.00012/21/2023 EUR 60.970
BNP Paribas Emissions 17.000 6/27/2024 EUR 71.920
BNP Paribas Emissions 17.00012/21/2023 EUR 67.740
BNP Paribas Emissions 9.50012/30/2024 EUR 66.770
BNP Paribas Emissions 8.00012/30/2024 EUR 73.420
BNP Paribas Emissions 22.00012/21/2023 EUR 64.200
BNP Paribas Emissions 23.00012/21/2023 EUR 60.900
BNP Paribas Emissions 10.00012/21/2023 EUR 66.050
BNP Paribas Emissions 13.00012/21/2023 EUR 61.000
BNP Paribas Emissions 14.00012/21/2023 EUR 58.020
BNP Paribas Emissions 18.00012/21/2023 EUR 51.820
BNP Paribas Emissions 11.000 6/27/2024 EUR 65.870
BNP Paribas Emissions 13.000 6/27/2024 EUR 61.350
BNP Paribas Emissions 14.00012/21/2023 EUR 71.820
Credit Suisse AG/Lond 8.000 9/13/2024 CHF 63.530
UBS AG/London 18.500 6/14/2024 CHF 34.550
Raiffeisen Schweiz Ge 6.600 5/13/2024 CHF 62.760
Raiffeisen Schweiz Ge 6.200 5/13/2024 CHF 69.600
Raiffeisen Schweiz Ge 6.400 5/13/2024 CHF 51.020
Bank Julius Baer & Co 10.150 5/21/2024 USD 61.050
Leonteq Securities AG 25.000 5/2/2024 CHF 34.060
Vontobel Financial Pr 10.750 6/28/2024 EUR 56.730
UniCredit Bank AG 8.30012/31/2024 EUR 74.040
UniCredit Bank AG 10.50012/31/2024 EUR 70.260
Vontobel Financial Pr 11.750 6/28/2024 EUR 55.020
Leonteq Securities AG 8.000 5/16/2024 CHF 69.880
UBS AG/London 8.440 5/26/2027 SEK 57.920
UBS AG/London 17.040 5/26/2027 SEK 65.050
Leonteq Securities AG 9.000 5/2/2025 CHF 70.860
HSBC Trinkaus & Burkh 17.300 9/27/2024 EUR 74.670
Landesbank Hessen-Thu 1.000 7/10/2035 EUR 70.500
Vontobel Financial Pr 16.50012/22/2023 EUR 65.950
Vontobel Financial Pr 12.00012/22/2023 EUR 76.620
Raiffeisen Switzerlan 10.800 6/27/2024 USD 62.610
DZ Bank AG Deutsche Z 13.00012/20/2023 EUR 73.610
DZ Bank AG Deutsche Z 5.500 1/24/2024 EUR 68.790
DZ Bank AG Deutsche Z 7.500 3/20/2024 EUR 67.780
DZ Bank AG Deutsche Z 22.10012/22/2023 EUR 62.870
DZ Bank AG Deutsche Z 15.60012/22/2023 EUR 56.940
Bank Vontobel AG 16.00012/27/2023 CHF 42.100
Finca Uco Cjsc 7.500 5/30/2025 USD 0.000
UBS AG/London 25.000 7/12/2024 CHF 61.350
Landesbank Hessen-Thu 1.600 6/12/2035 EUR 73.100
Bank Julius Baer & Co 7.500 4/29/2024 EUR 54.150
Landesbank Baden-Wuer 8.500 4/28/2025 EUR 69.110
Societe Generale Effe 13.250 4/26/2024 EUR 56.340
Landesbank Baden-Wuer 6.250 4/28/2025 EUR 67.200
Landesbank Baden-Wuer 7.300 4/28/2025 EUR 72.730
Societe Generale Effe 8.250 4/26/2024 EUR 64.600
Leonteq Securities AG 20.000 5/2/2024 CHF 34.500
Leonteq Securities AG 8.40010/28/2024 CHF 63.290
Swissquote Bank SA 12.050 5/2/2024 CHF 64.410
Leonteq Securities AG 27.500 5/2/2024 CHF 34.870
Credit Suisse AG/Lond 7.00011/11/2024 CHF 70.820
Luzerner Kantonalbank 3.600 7/6/2026 EUR 42.450
DZ Bank AG Deutsche Z 4.250 6/26/2024 EUR 68.360
DZ Bank AG Deutsche Z 4.500 9/25/2024 EUR 66.730
Zurcher Kantonalbank 10.000 7/19/2024 CHF 69.290
Zurcher Kantonalbank 7.500 7/19/2024 CHF 68.570
Zurcher Kantonalbank 10.000 7/19/2024 EUR 70.890
DZ Bank AG Deutsche Z 4.250 9/25/2024 EUR 66.130
DZ Bank AG Deutsche Z 7.000 6/26/2024 EUR 60.410
Landesbank Baden-Wuer 5.250 4/28/2025 EUR 71.580
Landesbank Baden-Wuer 7.500 4/28/2025 EUR 63.890
DZ Bank AG Deutsche Z 4.500 6/26/2024 EUR 65.510
Corner Banca SA 13.000 4/3/2024 CHF 34.740
Erste Group Bank AG 5.500 8/2/2025 EUR 33.950
UBS AG/London 13.000 9/30/2024 CHF 23.140
UniCredit Bank AG 4.650 7/30/2024 EUR 70.830
UniCredit Bank AG 3.950 7/30/2024 EUR 53.790
Citigroup Global Mark 1.000 7/14/2025 EUR 62.030
Unibank OJSC 5.250 5/20/2024 USD 0.000
TMK PJSC 7.350 2/28/2025 RUB 60.150
Landesbank Hessen-Thu 1.800 6/9/2036 EUR 66.100
Landesbank Baden-Wuer 4.100 6/27/2025 EUR 64.550
Societe Generale SA 18.000 5/31/2024 USD 15.350
HSBC Trinkaus & Burkh 11.500 3/22/2024 EUR 70.640
Landesbank Baden-Wuer 7.200 6/28/2024 EUR 69.890
Landesbank Baden-Wuer 9.00011/22/2024 EUR 66.040
Landesbank Baden-Wuer 6.10011/22/2024 EUR 71.000
HSBC Trinkaus & Burkh 8.60012/22/2023 EUR 62.700
HSBC Trinkaus & Burkh 9.000 9/27/2024 EUR 62.460
HSBC Trinkaus & Burkh 5.100 9/27/2024 EUR 68.620
Vontobel Financial Pr 9.750 6/28/2024 EUR 74.360
Landesbank Baden-Wuer 5.000 6/28/2024 EUR 75.150
Landesbank Baden-Wuer 9.500 6/28/2024 EUR 58.250
Zurcher Kantonalbank 10.000 5/2/2024 CHF 61.750
Societe Generale Effe 12.500 6/28/2024 EUR 63.630
Raiffeisen Switzerlan 10.500 8/5/2024 CHF 65.100
Raiffeisen Switzerlan 20.000 5/10/2024 CHF 57.070
BNP Paribas Emissions 12.00012/21/2023 EUR 69.650
BNP Paribas Emissions 16.00012/21/2023 EUR 62.880
BNP Paribas Emissions 17.00012/21/2023 EUR 60.530
BNP Paribas Emissions 12.000 6/27/2024 EUR 72.500
BNP Paribas Emissions 13.000 6/27/2024 EUR 69.060
BNP Paribas Emissions 14.000 6/27/2024 EUR 67.160
BNP Paribas Emissions 15.000 6/27/2024 EUR 65.430
BNP Paribas Emissions 13.00012/21/2023 EUR 65.370
BNP Paribas Emissions 15.00012/21/2023 EUR 65.440
Raiffeisen Switzerlan 6.000 10/7/2024 CHF 51.210
DZ Bank AG Deutsche Z 8.25012/20/2023 EUR 65.320
Leonteq Securities AG 15.300 8/7/2024 CHF 60.800
Zurcher Kantonalbank 8.500 1/27/2025 EUR 67.470
UBS AG/London 7.250 8/5/2024 CHF 63.550
HSBC Trinkaus & Burkh 17.600 9/27/2024 EUR 70.680
HSBC Trinkaus & Burkh 15.10012/30/2024 EUR 72.920
HSBC Trinkaus & Burkh 17.800 9/27/2024 EUR 75.160
HSBC Trinkaus & Burkh 16.10012/30/2024 EUR 76.240
HSBC Trinkaus & Burkh 17.700 7/26/2024 EUR 75.390
HSBC Trinkaus & Burkh 17.100 8/23/2024 EUR 75.910
HSBC Trinkaus & Burkh 7.700 3/28/2025 EUR 64.340
HSBC Trinkaus & Burkh 6.300 7/26/2024 EUR 66.260
UniCredit Bank AG 19.30012/22/2023 EUR 75.850
UBS AG/London 8.560 6/29/2027 SEK 59.830
SG Issuer SA 1.600 6/26/2034 EUR 14.450
Bank Vontobel AG 14.00012/27/2023 CHF 36.000
Raiffeisen Schweiz Ge 7.300 7/1/2024 CHF 59.070
Raiffeisen Switzerlan 9.300 1/4/2024 CHF 55.890
UBS AG/London 9.000 7/2/2027 USD 71.980
UBS AG/London 10.000 7/1/2024 CHF 70.650
UBS AG/London 16.250 1/4/2024 CHF 70.600
UBS AG/London 10.00012/29/2023 EUR 50.750
UniCredit Bank AG 6.60012/22/2023 EUR 62.680
UniCredit Bank AG 5.40012/22/2023 EUR 68.000
UniCredit Bank AG 5.90012/22/2023 EUR 65.170
UniCredit Bank AG 8.90012/22/2023 EUR 56.130
UniCredit Bank AG 8.10012/22/2023 EUR 58.150
UniCredit Bank AG 7.30012/22/2023 EUR 60.320
UniCredit Bank AG 9.80012/22/2023 EUR 54.250
UniCredit Bank AG 10.70012/22/2023 EUR 52.320
UniCredit Bank AG 13.00012/22/2023 EUR 69.170
UniCredit Bank AG 15.80012/22/2023 EUR 60.400
UniCredit Bank AG 12.00012/22/2023 EUR 72.720
UniCredit Bank AG 13.90012/22/2023 EUR 65.960
UniCredit Bank AG 14.80012/22/2023 EUR 63.050
UniCredit Bank AG 15.60012/22/2023 EUR 60.800
UniCredit Bank AG 13.00012/22/2023 EUR 67.710
UniCredit Bank AG 14.30012/22/2023 EUR 64.060
UniCredit Bank AG 11.70012/22/2023 EUR 71.650
UniCredit Bank AG 11.90012/22/2023 EUR 71.590
UniCredit Bank AG 14.30012/22/2023 EUR 74.370
UBS AG/London 16.000 1/8/2024 CHF 34.550
Bank Julius Baer & Co 8.00010/11/2024 CHF 67.600
Landesbank Baden-Wuer 6.300 4/26/2024 EUR 62.750
SG Issuer SA 4.000 6/22/2026 EUR 74.690
SG Issuer SA 1.750 4/21/2034 EUR 62.840
DZ Bank AG Deutsche Z 6.25012/18/2023 EUR 59.120
Nordea Bank Abp 8.260 7/20/2028 SEK 74.540
Landesbank Baden-Wuer 3.200 7/25/2025 EUR 72.610
Landesbank Baden-Wuer 9.250 3/22/2024 EUR 44.400
Landesbank Baden-Wuer 8.500 3/22/2024 EUR 64.410
Landesbank Baden-Wuer 3.100 7/24/2026 EUR 64.560
DZ Bank AG Deutsche Z 7.500 3/20/2024 EUR 68.910
Bank Vontobel AG 15.50011/18/2024 CHF 55.000
UniCredit Bank AG 13.100 2/23/2024 EUR 71.640
UniCredit Bank AG 14.900 2/23/2024 EUR 75.320
UniCredit Bank AG 8.500 2/23/2024 EUR 69.430
Landesbank Hessen-Thu 1.25011/10/2036 EUR 66.300
Bank Julius Baer & Co 17.200 2/16/2024 CHF 49.150
UBS AG/London 5.500 2/12/2024 CHF 58.450
UBS AG/London 7.250 2/12/2024 CHF 47.300
UBS AG/London 14.250 8/19/2024 CHF 43.500
Vontobel Financial Pr 22.00012/22/2023 EUR 28.940
Vontobel Financial Pr 20.00012/22/2023 EUR 33.260
Vontobel Financial Pr 21.50012/22/2023 EUR 67.770
Vontobel Financial Pr 20.50012/22/2023 EUR 69.390
Vontobel Financial Pr 25.00012/22/2023 EUR 60.650
Vontobel Financial Pr 24.00012/22/2023 EUR 61.930
Vontobel Financial Pr 23.50012/22/2023 EUR 63.300
Vontobel Financial Pr 23.00012/22/2023 EUR 64.720
Vontobel Financial Pr 22.00012/22/2023 EUR 66.200
Vontobel Financial Pr 18.50012/22/2023 EUR 74.860
Vontobel Financial Pr 19.00012/22/2023 EUR 72.940
Vontobel Financial Pr 20.00012/22/2023 EUR 71.130
UBS AG/London 16.000 4/19/2024 CHF 32.250
Inecobank CJSC 10.000 4/28/2025 AMD 10.957
Leonteq Securities AG 10.00011/26/2024 CHF 52.860
Vontobel Financial Pr 11.250 6/28/2024 EUR 51.800
Vontobel Financial Pr 11.250 6/28/2024 EUR 59.360
Swissquote Bank SA 13.400 5/30/2024 CHF 73.730
UniCredit Bank AG 14.800 3/22/2024 EUR 74.380
UniCredit Bank AG 15.500 3/22/2024 EUR 51.340
UniCredit Bank AG 14.200 6/28/2024 EUR 54.500
UniCredit Bank AG 13.000 6/28/2024 EUR 55.880
DZ Bank AG Deutsche Z 4.250 6/26/2024 EUR 65.520
HSBC Trinkaus & Burkh 15.20012/22/2023 EUR 71.070
HSBC Trinkaus & Burkh 14.00012/22/2023 EUR 27.430
HSBC Trinkaus & Burkh 6.00012/22/2023 EUR 40.200
HSBC Trinkaus & Burkh 5.90012/22/2023 EUR 71.040
Leonteq Securities AG 9.00010/21/2024 CHF 62.740
Credit Suisse AG/Lond 14.300 3/4/2024 USD 57.250
Vontobel Financial Pr 11.500 3/22/2024 EUR 61.990
Vontobel Financial Pr 24.750 3/22/2024 EUR 72.450
DZ Bank AG Deutsche Z 15.700 6/28/2024 EUR 71.700
UBS AG/London 10.000 5/27/2024 CHF 62.400
UBS AG/London 8.250 5/26/2025 CHF 63.350
UniCredit Bank AG 10.10011/22/2024 EUR 67.340
Basler Kantonalbank 12.000 8/26/2024 CHF 67.540
UniCredit Bank AG 12.300 8/23/2024 EUR 57.220
UniCredit Bank AG 9.400 2/23/2024 EUR 58.200
UniCredit Bank AG 14.100 2/23/2024 EUR 52.090
UniCredit Bank AG 11.00011/22/2024 EUR 61.130
UniCredit Bank AG 12.400 2/23/2024 EUR 53.760
UniCredit Bank AG 9.400 8/23/2024 EUR 62.290
UniCredit Bank AG 8.10011/22/2024 EUR 71.380
UniCredit Bank AG 9.00011/22/2024 EUR 69.320
UniCredit Bank AG 7.30011/22/2024 EUR 73.880
UniCredit Bank AG 13.400 2/23/2024 EUR 74.170
Basler Kantonalbank 17.900 5/30/2024 CHF 67.740
UniCredit Bank AG 11.300 8/23/2024 EUR 58.740
UniCredit Bank AG 9.40011/22/2024 EUR 66.160
UniCredit Bank AG 10.800 2/23/2024 EUR 56.020
UniCredit Bank AG 8.00011/22/2024 EUR 69.090
UniCredit Bank AG 10.300 8/23/2024 EUR 60.470
UniCredit Bank AG 13.400 8/23/2024 EUR 55.810
UniCredit Bank AG 10.20011/22/2024 EUR 64.310
UniCredit Bank AG 11.80011/22/2024 EUR 59.680
UniCredit Bank AG 8.70011/22/2024 EUR 67.910
UniCredit Bank AG 12.70011/22/2024 EUR 58.370
Leonteq Securities AG 10.000 5/26/2025 CHF 70.220
Vontobel Financial Pr 7.500 6/28/2024 EUR 72.750
Vontobel Financial Pr 12.250 6/28/2024 EUR 52.300
Bank Vontobel AG 10.000 5/28/2024 CHF 43.000
Bank Vontobel AG 5.500 5/28/2024 CHF 59.400
UBS AG/London 14.000 1/18/2024 USD 6.040
DekaBank Deutsche Gir 2.000 2/23/2024 EUR 74.760
Erste Group Bank AG 7.250 3/3/2026 EUR 22.100
EFG International Fin 4.750 1/29/2024 USD 42.160
Zurcher Kantonalbank 4.800 12/8/2023 CHF 63.470
Zurcher Kantonalbank 5.450 12/8/2023 USD 63.620
Basler Kantonalbank 5.200 9/9/2024 CHF 68.210
Landesbank Baden-Wuer 2.500 9/26/2025 EUR 72.350
Landesbank Baden-Wuer 3.000 9/26/2025 EUR 56.970
Sberbank of Russia PJ 0.010 3/25/2026 RUB 73.710
Leonteq Securities AG 28.000 8/21/2024 CHF 63.300
Vontobel Financial Pr 7.000 9/27/2024 EUR 63.680
Sberbank of Russia PJ 0.010 4/6/2026 RUB 73.400
Citigroup Global Mark 2.500 5/16/2031 EUR 71.150
Landesbank Hessen-Thu 0.700 1/12/2037 EUR 70.900
Banque Internationale 6.20011/25/2024 CHF 67.780
Vontobel Financial Pr 19.000 6/28/2024 EUR 74.920
Ameriabank CJSC 9.750 2/19/2024 AMD 0.000
Vontobel Financial Pr 11.000 6/28/2024 EUR 55.520
Vontobel Financial Pr 16.500 6/28/2024 EUR 70.290
Vontobel Financial Pr 8.000 3/22/2024 EUR 58.830
Vontobel Financial Pr 10.000 6/28/2024 EUR 58.840
Vontobel Financial Pr 9.000 6/28/2024 EUR 54.410
Societe Generale SA 15.800 12/5/2024 USD 45.580
Landesbank Hessen-Thu 0.850 2/18/2036 EUR 63.650
Raiffeisen Switzerlan 13.400 5/30/2024 CHF 63.290
BNP Paribas Emissions 1.400 6/4/2026 EUR 72.720
Swissquote Bank SA 26.980 6/5/2024 CHF 38.090
Raiffeisen Schweiz Ge 19.500 6/6/2024 CHF 68.840
UniCredit Bank AG 10.700 2/3/2025 EUR 37.720
Bank Vontobel AG 16.00012/27/2023 EUR 60.500
Landesbank Baden-Wuer 9.000 6/28/2024 EUR 72.730
Landesbank Baden-Wuer 11.000 6/28/2024 EUR 64.040
Landesbank Baden-Wuer 4.000 6/28/2024 EUR 45.120
Landesbank Baden-Wuer 5.100 6/28/2024 EUR 39.290
Landesbank Baden-Wuer 7.000 6/28/2024 EUR 34.050
Landesbank Baden-Wuer 8.000 6/28/2024 EUR 31.760
Landesbank Baden-Wuer 3.950 6/28/2024 EUR 68.710
Landesbank Baden-Wuer 4.400 6/28/2024 EUR 65.570
Landesbank Baden-Wuer 4.900 6/28/2024 EUR 62.730
Landesbank Baden-Wuer 5.350 6/28/2024 EUR 72.510
National Mortgage Co 8.500 3/4/2024 AMD 0.000
DekaBank Deutsche Gir 4.300 4/26/2024 EUR 55.480
DekaBank Deutsche Gir 3.100 4/26/2024 EUR 68.550
Landesbank Baden-Wuer 4.000 4/23/2027 EUR 61.580
Landesbank Baden-Wuer 3.100 4/23/2027 EUR 63.020
DekaBank Deutsche Gir 2.300 5/10/2024 EUR 74.070
UBS AG/London 9.250 4/8/2026 EUR 45.240
Raiffeisen Switzerlan 17.500 5/30/2024 CHF 68.070
Leonteq Securities AG 21.000 6/5/2024 CHF 54.560
Corner Banca SA 13.000 9/5/2024 CHF 60.850
Raiffeisen Switzerlan 9.000 6/2/2025 EUR 72.420
UniCredit Bank AG 10.700 2/17/2025 EUR 37.970
Leonteq Securities AG 4.290 1/21/2025 EUR 58.180
Vontobel Financial Pr 19.500 3/22/2024 EUR 72.660
Vontobel Financial Pr 8.500 6/28/2024 EUR 50.190
Vontobel Financial Pr 7.500 6/28/2024 EUR 59.770
Vontobel Financial Pr 9.000 3/22/2024 EUR 59.180
Vontobel Financial Pr 14.000 6/28/2024 EUR 57.180
Vontobel Financial Pr 12.500 6/28/2024 EUR 56.360
Vontobel Financial Pr 10.000 3/22/2024 EUR 59.480
Vontobel Financial Pr 13.500 6/28/2024 EUR 57.790
Societe Generale SA 20.00011/28/2025 USD 5.750
Sovcombank Leasing OO 9.250 5/19/2025 RUB 65.000
Leonteq Securities AG 14.00012/23/2024 CHF 71.860
Vontobel Financial Pr 14.000 6/28/2024 EUR 73.260
Corner Banca SA 18.500 9/23/2024 CHF 45.910
Swissquote Bank SA 10.000 6/26/2024 CHF 65.860
Vontobel Financial Pr 7.250 6/24/2024 EUR 56.550
Leonteq Securities AG 20.000 8/21/2024 CHF 70.890
Landesbank Baden-Wuer 6.500 8/23/2024 EUR 71.730
Landesbank Hessen-Thu 1.500 10/1/2036 EUR 66.400
BNP Paribas Emissions 3.000 3/21/2024 EUR 71.680
BNP Paribas Emissions 5.000 9/26/2024 EUR 71.910
BNP Paribas Emissions 6.000 9/26/2024 EUR 69.980
BNP Paribas Emissions 6.000 3/27/2025 EUR 72.410
VTB Bank PJSC 0.010 3/25/2026 RUB 70.990
DekaBank Deutsche Gir 3.200 7/21/2025 EUR 55.810
DekaBank Deutsche Gir 2.750 7/21/2025 EUR 69.560
Landesbank Baden-Wuer 2.500 7/25/2025 EUR 73.400
Landesbank Baden-Wuer 7.800 3/22/2024 EUR 49.110
Landesbank Baden-Wuer 12.500 3/22/2024 EUR 37.530
Sberbank of Russia PJ 0.010 6/22/2028 RUB 66.600
Landesbank Baden-Wuer 6.700 3/22/2024 EUR 70.670
Leonteq Securities AG 5.500 8/26/2024 CHF 48.470
Leonteq Securities AG 10.340 8/31/2026 EUR 62.530
Vontobel Financial Pr 7.500 9/27/2024 EUR 68.800
UniCredit Bank AG 14.200 2/23/2024 EUR 70.840
Landesbank Baden-Wuer 2.200 2/28/2025 EUR 74.210
DekaBank Deutsche Gir 2.100 9/20/2024 EUR 61.750
Sberbank of Russia PJ 0.010 8/31/2028 RUB 64.900
Leonteq Securities AG 28.000 9/5/2024 CHF 65.880
UniCredit Bank AG 10.500 9/23/2024 EUR 38.880
UniCredit Bank AG 10.400 2/28/2025 EUR 73.230
Landesbank Baden-Wuer 2.600 2/28/2025 EUR 61.880
Sberbank of Russia PJ 0.010 9/4/2026 RUB 73.700
Leonteq Securities AG 25.000 9/5/2024 EUR 65.850
Swissquote Bank SA 29.000 6/4/2024 CHF 62.370
Leonteq Securities AG 24.000 9/4/2024 CHF 64.600
Swissquote Bank SA 27.700 9/4/2024 CHF 53.610
Landesbank Baden-Wuer 2.700 4/28/2025 EUR 72.830
UniCredit Bank AG 5.400 4/30/2024 EUR 42.050
Landesbank Baden-Wuer 3.000 4/23/2027 EUR 65.290
Landesbank Hessen-Thu 1.900 5/12/2036 EUR 66.500
Zurcher Kantonalbank 4.700 4/8/2024 CHF 13.750
Landesbank Hessen-Thu 1.750 5/19/2036 EUR 67.700
Leonteq Securities AG 2.700 4/1/2026 EUR 42.610
Leonteq Securities AG 27.600 6/26/2024 CHF 40.550
Leonteq Securities AG 21.600 6/26/2024 CHF 52.880
Leonteq Securities AG 10.200 6/26/2024 EUR 65.630
Bank Vontobel AG 16.000 6/17/2024 USD 63.500
Landesbank Baden-Wuer 3.500 6/27/2025 EUR 64.830
Landesbank Baden-Wuer 4.000 6/27/2025 EUR 60.660
Sberbank of Russia PJ 0.010 3/27/2028 RUB 70.400
Bank Vontobel AG 4.501 6/11/2024 CHF 70.900
Landesbank Baden-Wuer 3.100 7/25/2025 EUR 69.390
DZ Bank AG Deutsche Z 7.20012/18/2023 EUR 64.060
DZ Bank AG Deutsche Z 9.00012/20/2023 EUR 56.060
Societe Generale SA 10.010 8/29/2024 USD 17.150
Landesbank Baden-Wuer 2.50010/24/2025 EUR 74.860
Zurcher Kantonalbank 2.550 8/26/2024 CHF 13.560
SG Issuer SA 7.600 1/20/2025 SEK 66.880
Vontobel Financial Pr 16.750 3/22/2024 EUR 70.430
DekaBank Deutsche Gir 6.150 8/29/2025 EUR 66.250
BNP Paribas Emissions 22.00012/21/2023 EUR 69.470
DZ Bank AG Deutsche Z 6.25012/20/2023 EUR 71.390
Araratbank OJSC 4.250 12/8/2024 USD 0.000
Bank Vontobel AG 19.500 2/5/2024 CHF 62.000
DZ Bank AG Deutsche Z 8.50012/18/2023 EUR 52.990
BNP Paribas Emissions 4.750 8/12/2026 EUR 70.950
Leonteq Securities AG 10.000 8/12/2024 CHF 73.100
BNP Paribas Emissions 3.750 8/26/2026 EUR 73.700
DZ Bank AG Deutsche Z 13.30012/18/2023 EUR 72.530
Armenian Economy Deve 10.500 5/4/2025 AMD 11.232
Societe Generale Effe 19.498 1/26/2024 EUR 48.210
Bank Vontobel AG 5.250 5/28/2024 CHF 65.800
Leonteq Securities AG 20.000 9/26/2024 USD 49.470
Vontobel Financial Pr 11.750 6/28/2024 EUR 73.240
Raiffeisen Switzerlan 20.000 6/26/2024 CHF 46.940
Raiffeisen Switzerlan 9.250 6/23/2025 CHF 70.360
Landesbank Baden-Wuer 3.250 1/2/2026 EUR 57.470
HSBC Trinkaus & Burkh 11.250 6/27/2025 EUR 73.490
HSBC Trinkaus & Burkh 23.250 3/22/2024 EUR 54.280
HSBC Trinkaus & Burkh 15.500 6/27/2025 EUR 67.470
Societe Generale SA 15.000 9/29/2025 USD 7.250
Landesbank Baden-Wuer 3.250 8/23/2024 EUR 67.450
Raiffeisen Switzerlan 7.400 2/5/2024 CHF 59.780
DZ Bank AG Deutsche Z 5.90012/18/2023 EUR 59.320
DZ Bank AG Deutsche Z 14.10012/18/2023 EUR 67.900
UBS AG/London 15.750 2/5/2024 CHF 37.650
Landesbank Baden-Wuer 4.750 9/25/2026 EUR 68.580
Bank Julius Baer & Co 18.000 2/9/2024 CHF 43.900
Credit Suisse AG/Lond 8.000 6/6/2024 CHF 60.970
UniCredit Bank AG 17.90012/22/2023 EUR 57.200
Vontobel Financial Pr 22.50012/22/2023 EUR 72.280
UniCredit Bank AG 6.600 9/22/2025 EUR 43.980
UniCredit Bank AG 5.500 9/22/2025 EUR 73.270
BNP Paribas Emissions 8.000 6/27/2024 EUR 70.510
BNP Paribas Emissions 9.500 6/27/2024 EUR 67.340
BNP Paribas Emissions 12.000 6/27/2024 EUR 60.920
BNP Paribas Emissions 13.000 6/27/2024 EUR 58.670
BNP Paribas Emissions 16.000 6/27/2024 EUR 58.540
DZ Bank AG Deutsche Z 5.25012/20/2023 EUR 61.220
DZ Bank AG Deutsche Z 4.250 9/25/2024 EUR 69.030
UBS AG/London 10.250 7/5/2024 CHF 68.050
Vontobel Financial Pr 20.00012/22/2023 EUR 74.620
Vontobel Financial Pr 18.50012/22/2023 EUR 70.900
Raiffeisen Switzerlan 19.000 3/13/2024 CHF 49.320
SG Issuer SA 1.600 8/7/2034 EUR 13.530
BNP Paribas Emissions 9.50012/21/2023 EUR 64.250
BNP Paribas Emissions 11.00012/21/2023 EUR 64.300
BNP Paribas Emissions 14.00012/21/2023 EUR 58.960
BNP Paribas Emissions 17.00012/21/2023 EUR 54.480
BNP Paribas Emissions 19.00012/21/2023 EUR 54.560
BNP Paribas Emissions 9.000 6/27/2024 EUR 71.190
BNP Paribas Emissions 10.000 6/27/2024 EUR 71.720
BNP Paribas Emissions 9.500 6/27/2024 EUR 67.380
BNP Paribas Emissions 11.000 6/27/2024 EUR 68.160
BNP Paribas Emissions 12.000 6/27/2024 EUR 63.410
BNP Paribas Emissions 15.000 6/27/2024 EUR 60.520
BNP Paribas Emissions 8.00012/21/2023 EUR 68.430
BNP Paribas Emissions 9.00012/21/2023 EUR 68.470
BNP Paribas Emissions 6.00012/21/2023 EUR 69.340
BNP Paribas Emissions 8.00012/21/2023 EUR 69.410
BNP Paribas Emissions 7.50012/21/2023 EUR 65.070
BNP Paribas Emissions 9.50012/21/2023 EUR 65.150
BNP Paribas Emissions 9.00012/21/2023 EUR 62.540
BNP Paribas Emissions 10.00012/21/2023 EUR 62.570
BNP Paribas Emissions 9.50012/21/2023 EUR 60.160
BNP Paribas Emissions 11.00012/21/2023 EUR 60.220
BNP Paribas Emissions 12.00012/21/2023 EUR 56.990
BNP Paribas Emissions 14.00012/21/2023 EUR 57.070
BNP Paribas Emissions 15.00012/21/2023 EUR 54.180
BNP Paribas Emissions 17.00012/21/2023 EUR 54.250
BNP Paribas Emissions 18.00012/21/2023 EUR 52.500
BNP Paribas Emissions 20.00012/21/2023 EUR 52.580
BNP Paribas Emissions 7.000 6/27/2024 EUR 69.980
Landesbank Baden-Wuer 7.200 8/23/2024 EUR 34.540
DZ Bank AG Deutsche Z 10.100 6/28/2024 EUR 73.530
DZ Bank AG Deutsche Z 11.40012/22/2023 EUR 56.630
DZ Bank AG Deutsche Z 7.50012/22/2023 EUR 65.410
DZ Bank AG Deutsche Z 8.70012/22/2023 EUR 62.180
DZ Bank AG Deutsche Z 22.20012/22/2023 EUR 68.180
UniCredit Bank AG 17.30012/22/2023 EUR 47.980
UniCredit Bank AG 14.90012/22/2023 EUR 49.910
UniCredit Bank AG 13.900 3/22/2024 EUR 53.020
UniCredit Bank AG 17.30012/22/2023 EUR 70.990
Leonteq Securities AG 10.000 9/10/2024 CHF 68.350
Leonteq Securities AG 19.000 6/10/2024 CHF 52.990
Leonteq Securities AG 11.000 3/10/2025 CHF 72.720
Leonteq Securities AG 30.000 3/13/2024 CHF 30.330
Leonteq Securities AG 8.000 8/30/2024 CHF 64.570
UBS AG/London 12.250 3/8/2024 EUR 57.450
UBS AG/London 10.250 3/10/2025 CHF 69.900
Zurcher Kantonalbank 20.000 3/8/2024 CHF 47.310
BNP Paribas Emissions 22.00012/21/2023 EUR 57.970
BNP Paribas Emissions 16.000 6/27/2024 EUR 68.860
BNP Paribas Emissions 18.00012/21/2023 EUR 63.010
UBS AG/London 18.000 2/26/2024 CHF 40.750
DZ Bank AG Deutsche Z 17.600 3/22/2024 EUR 73.220
UniCredit Bank AG 14.700 6/28/2024 EUR 64.030
UniCredit Bank AG 19.40012/22/2023 EUR 74.500
UniCredit Bank AG 19.200 6/28/2024 EUR 75.380
Vontobel Financial Pr 22.000 3/22/2024 EUR 73.010
Vontobel Financial Pr 23.500 3/22/2024 EUR 71.430
Vontobel Financial Pr 20.000 3/22/2024 EUR 74.600
Vontobel Financial Pr 24.50012/22/2023 EUR 70.070
Vontobel Financial Pr 16.000 3/22/2024 EUR 74.590
Vontobel Financial Pr 19.500 3/22/2024 EUR 70.200
DZ Bank AG Deutsche Z 11.60012/18/2023 EUR 67.020
Raiffeisen Switzerlan 9.00012/10/2024 CHF 68.830
Raiffeisen Switzerlan 20.000 3/13/2024 CHF 27.190
Raiffeisen Switzerlan 7.800 9/10/2024 CHF 60.270
BNP Paribas Emissions 8.500 6/27/2024 EUR 66.810
BNP Paribas Emissions 9.000 6/27/2024 EUR 64.670
BNP Paribas Emissions 10.000 6/27/2024 EUR 65.190
BNP Paribas Emissions 11.000 6/27/2024 EUR 63.470
Swissquote Bank SA 14.560 3/13/2024 CHF 44.370
Leonteq Securities AG 26.000 3/13/2024 CHF 29.000
Zurcher Kantonalbank 15.000 3/7/2024 CHF 46.770
DZ Bank AG Deutsche Z 6.250 3/20/2024 EUR 71.190
Landesbank Baden-Wuer 5.500 8/23/2024 EUR 39.280
Landesbank Baden-Wuer 6.500 8/23/2024 EUR 68.890
Landesbank Baden-Wuer 7.900 8/23/2024 EUR 64.940
Landesbank Baden-Wuer 7.000 8/23/2024 EUR 73.900
DZ Bank AG Deutsche Z 10.500 3/20/2024 EUR 65.570
Zurcher Kantonalbank 4.500 9/2/2024 CHF 67.240
UniCredit Bank AG 4.200 9/29/2025 EUR 40.210
Landesbank Baden-Wuer 3.500 6/28/2024 EUR 62.970
UniCredit Bank AG 7.300 6/14/2024 EUR 20.230
UniCredit Bank AG 5.300 6/14/2024 EUR 64.130
UniCredit Bank AG 7.200 6/14/2024 EUR 70.180
Landesbank Baden-Wuer 3.500 6/27/2025 EUR 69.070
UniCredit Bank AG 7.700 2/23/2024 EUR 72.330
UniCredit Bank AG 9.300 2/23/2024 EUR 66.720
UniCredit Bank AG 10.200 2/23/2024 EUR 64.310
UniCredit Bank AG 11.200 2/23/2024 EUR 62.150
UniCredit Bank AG 12.100 2/23/2024 EUR 60.210
Leonteq Securities AG 8.000 9/23/2024 CHF 70.430
Landesbank Baden-Wuer 4.000 7/25/2025 EUR 34.890
Landesbank Baden-Wuer 4.000 7/25/2025 EUR 66.370
HSBC Trinkaus & Burkh 11.750 5/24/2024 EUR 67.950
HSBC Trinkaus & Burkh 8.500 5/24/2024 EUR 71.920
HSBC Trinkaus & Burkh 17.50012/30/2024 EUR 66.800
HSBC Trinkaus & Burkh 22.750 3/22/2024 EUR 57.480
DZ Bank AG Deutsche Z 8.000 6/28/2024 EUR 70.410
DZ Bank AG Deutsche Z 24.900 3/22/2024 EUR 77.360
Basler Kantonalbank 24.000 7/5/2024 CHF 47.510
UBS AG/London 19.000 7/15/2024 CHF 56.550
UBS AG/London 8.000 1/6/2025 CHF 69.200
Bank Vontobel AG 14.500 1/16/2024 CHF 61.100
UniCredit Bank AG 24.400 6/28/2024 EUR 53.790
UniCredit Bank AG 15.900 3/22/2024 EUR 51.520
UniCredit Bank AG 19.800 6/28/2024 EUR 71.870
HH Finance PLC 5.000 5/19/2028 EUR 50.050
Landesbank Baden-Wuer 2.20010/24/2025 EUR 74.220
UniCredit Bank AG 14.600 3/22/2024 EUR 63.480
Swissquote Bank SA 22.120 4/11/2024 CHF 52.400
Raiffeisen Schweiz Ge 4.000 9/27/2024 CHF 23.270
*********
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 2024. All rights reserved. ISSN 1529-2754.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The TCR Europe subscription rate is US$775 per half-year,
delivered via e-mail. Additional e-mail subscriptions for
members of the same firm for the term of the initial subscription
or balance thereof are US$25 each. For subscription information,
contact Peter Chapman at 215-945-7000.
* * * End of Transmission * * *