High Yield USD...-- High Yield USD --USD Bond list (Sorted by Workout Date) Isin Ccy Cpn Issuer Maturity Amnt Out. Ask Yield D/Swap PiecesDurat. ESG Rating MiscellaneousCty / Sector

-- High Yield USD --Portfolio Summary (Ask)

Net Asset Value Currency Yield D/SwapMod. Duration Rating

Number of issues:

Price:

Life to Workout:

Macaulay Duration:

Coupon:

Bid/Ask Spread:

Life to Maturity:

Price Value:

USD

535

100.00

538 6.05

191

3.73 3.56

3.05

3.14

6.21

B+

0.30

Convexity: 0.14%

%

yr

yr

%

%

yr

bp

% % bp54'452 k

- 0.00 0.00

CcyNAV

(%)

Mod. Duration

(%)

Exposure

(%)

Price

(%)

Yield

(%)

D/Swap

(%)Rating

Coupon

(%)

Bid/Ask

Spread

Forex

Rate

NAV

(Ref ccy)

USD 1.0000 100.00 3.05 100.00 100.00 6.05 538 B+ 6.21 19154'452 k

98

99

100

101

102

103

104

4.8 5.2 5.6 6.0 6.4 6.8 7.2

Yield Price Perf

-100 bp

-50 bp

-25 bp

+25 bp

+50 bp

+100 bp 7.05

6.30

6.55

5.55

5.80

5.05

101.54

100.77

103.12

98.49

99.24

97.02 -2.98

-0.76

-1.51

3.12

0.77

1.54

Portfolio Price Sensitivity

Price

Yield

The NAV is calculated using a nominal of USD 100k equivalent for each bond

06.03.2020 12:06

- 1 -Yields are annualized.

See last page for abbreviations, explanations and disclaimer.www.bridport.ch

-- High Yield USD --Portfolio Summary (Ask) - Standard Charts

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1.1

14.8

3.0

0.4

3.1 3.71.9

2.8 3.5

7.2

1.70.8

7.9

3.12.2 2.0

0.6

11.3

1.13.0

0.3

24.6

FORD MOTOR CO 2.47

TURKEY GOVERNMENT 2.45

REPUBLIC OF SRI LANKA 2.23

EVERGRANDE REAL ESTATE G 1.77

SUNAC CHINA HOLDINGS LTD 1.74

KAISA GROUP HOLDINGS LTD. 1.73

TURKIYE IS BANKASI 1.71

YUZHOU PROPERTIES CO 1.70

SULTANATE OF OMAN 1.69

GREENLAND GLOBAL INVESTMENT LTD 1.49

06.03.2020 12:06



Life to Workout vs. Yield

Public Defensive Cyclical Financial

Breakdown by Sector (%)

0 2 4 6 8 100.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

Yie

ld

Defensive: 31% / Cyclical: 69%

Life to Workout vs. D/Swap

0 2 4 6 8 100

1'000

2'000

3'000

4'000

5'000

6'000

7'000

8'000

Breakdown by Life to Workout Group (%) Breakdown by Issuer (%) - Top 10

0 to 1 year 1 to 3 years 3 to 5 years 5 to 7 years 7 to 10 years > 10 years

6.9

42.6

31.8

9.7 9.0

D/S

wa

p

0

1'000

2'000

3'000

4'000

5'000

6'000

7'000

8'000

Min Rating vs. D/Swap Breakdown by Min Rating (%) Breakdown by Ctry of Risk (%) - Top 10

D/S

wa

p

NR

AA

A

AA

+

AA

AA

-

A+ A A-

BB

B+

BB

B

BB

B-

BB

+

BB

BB

-

B+ B B-

CC

C+

CC

C

CC

C-

Dev: 17% / EM: 83%IG: 0% / HY: 100%

CHINA 26.80

TURKEY 11.94

UNITED STATES 9.31

INDIA 7.19

BRAZIL 7.16

SOUTH AFRICA 3.20

INDONESIA 3.18

RUSSIAN FEDERATION 3.07

OMAN 3.04

SRI LANKA 2.23NR AAA AA A BBB BB B CCC CC C D

48.1 47.4

4.5

-- High Yield USD --

USD

Bond list (Sorted by Workout Date)

Yield D/SwapCpnIsin Cty / SectorRating MiscellaneousMaturityIssuer Durat.Ccy

0 to 1 year

500 MM W/Tax, C 2020@100, MWC (30bp), GlobalUSD MACYS RETAIL HLDGS INC 15.01.2021 BB+ US / Retail2k+1kUS55616XAN75 3.450 l 101.52 0.74 1.45 62c

350 MMUSD ZHENRO PROPERTIES GROUP 02.01.2021 B- CN / Real Estate200k+1kXS1882430298 12.500 105.75 0.74 5.25 444

660 MM Tier 2USD BANCO DO BRASIL (CAYMAN) 15.01.2021 BB- BR / Banks100k+1kUSP3772WAB83 5.375 l 102.75 0.82 2.09 130

500 MM Secured, MWC (100bp)USD CHINA SCE GRP HLDGS LTD 15.01.2021 B CN / Real Estate200k+1kXS1893648904 8.750 103.00 0.81 5.14 435

600 MM SecuredUSD SUNAC CHINA HOLDINGS LTD 15.01.2021 B+ CN / Real Estate200k+1kXS1936202644 8.375 l 102.88 0.81 4.92 413

2 B W/Tax, C [email protected], MWC (50bp), GlobalUSD T-MOBILE USA INC 15.01.2026 BB (wl-) US / Telecom2k+1kUS87264AAP03 6.500 l 107.00 0.81 1.96 117c

1.1 B W/Tax, Dom., C [email protected], MWC (50bp)USD EQUINIX INC 15.01.2026 BB+ US / Real Estate2k+1kUS29444UAQ94 5.875 l 106.63 0.82 1.43 65c

500 MM Secured, C 2020@102, MWC (100bp)USD TIMES CHINA HLDG LTD 17.01.2021 B+ CN / Real Estate200k+1kXS1749435324 6.250 101.38 0.82 4.63 385

2.7 B MWC (25bp), GlobalUSD FED REPUBLIC OF BRAZIL 22.01.2021 BB- BR / Sovereign100k+1kUS105756BS83 4.875 l 102.90 0.85 1.50 72

1.25 B Tier 2USD ITAU UNIBANCO HLDG SA/KY 22.01.2021 BB- BR / Banks100k+1kUS46556MAB81 5.750 l 102.90 0.84 2.36 158

300 MM Secured, C [email protected], MWC (100bp)USD CENTRAL CHINA REAL ESTAT 23.01.2021 B+ CN / Real Estate200k+1kXS1219965297 8.750 102.03 0.82 6.40 563

500 MMUSD GX FINANCIAL INV GROUP 23.01.2021 BB+ CN / Financial200k+1kXS1750084540 5.750 95.00 0.80 12.31 1'154

500 MM Secured, C 2021@102USD CHINA AOYUAN GROUP LTD 23.01.2022 B CN / Real Estate200k+1kXS1937690128 8.500 104.75 0.83 5.18 440c

1.75 B MWC (40bp)USD ESKOM HOLDINGS SOC LTD 26.01.2021 CCC+ ZA / Utilities200k+1kXS0579851949 5.750 l 100.72 0.84 4.95 418

975 MM GlobalUSD KINGDOM OF BAHRAIN 26.01.2021 B+ BH / Sovereign200k+1kXS1324932273 5.875 l 103.00 0.85 2.41 164

960.7 MM MWC (30bp), GlobalUSD PETROBRAS GLOBAL FINANCE 27.01.2021 BB- BR / Energy2k+1kUS71645WAR25 5.375 l 103.10 0.86 1.82 105

500 MMUSD REPUBLIC OF NIGERIA 28.01.2021 B NG / Sovereign200k+1kXS0584435142 6.750 l 103.35 0.85 2.90 213

500 MMUSD HALYK SAVINGS BANK-KAZAK 28.01.2021 BB- KZ / Banks200k+1kXS0583796973 7.250 l 105.00 0.85 1.53 77

750 MM MWC (50bp)USD EVRAZ PLC 28.01.2021 BB+ RU / Basic Mat.200k+1kXS1319822752 8.250 l 105.35 0.85 2.11 135




500 MM MWCUSD GCL NEW ENERGY HOLDINGS 30.01.2021 CCC+ CN / Utilities200k+1kXS1746281226 7.100 66.00 0.66 72.09 7'132

500 MM MWC (100bp)USD FORTUNE STAR BVI LTD 31.01.2021 BB CN / Leisure200k+1kXS1884682763 6.875 102.25 0.85 4.31 354

400 MM C [email protected], MWC (100bp)USD RKPF OVERSEAS 2019 A LTD 01.02.2023 BB- CN / Real Estate200k+1kXS1943451788 7.875 106.25 0.85 5.05 429c

500 MMUSD EXPORT CREDIT BANK OF TU 08.02.2021 B TR / Agency200k+1kXS1345632811 5.375 l 102.23 0.88 2.90 215

350 MM C [email protected] TBG GLOBAL PTE LTD 10.02.2022 BB ID / Telecom200k+1kXS1165340883 5.250 101.50 0.88 2.63 188w

300 MM C [email protected] CAR INC 11.02.2021 B+ CN / Services200k+1kXS1266590089 6.000 l 92.50 0.84 15.58 1'484

500 MMUSD TURKIYE HALK BANKASI AS 11.02.2021 B- TR / Banks200k+1kXS1188073081 4.750 l 99.88 0.88 4.94 420

460 MMUSD GREENLAND GLB INVST 12.02.2021 BB CN / Real Estate200k+1kXS1760376878 5.250 99.50 0.88 5.89 515

500 MMUSD BANK OF INDIA LONDON 16.02.2021 BB+ IN / Banks200k+1kXS0592238876 6.250 l 104.08 0.91 1.82 109

500 MM Secured, C 2021@101, MWC (100bp)USD TIMES CHINA HLDG LTD 21.02.2022 B+ CN / Real Estate200k+1kXS1945401674 7.625 103.25 0.90 5.17 444c

300 MM C 2021@102, MWC (100bp)USD LOGAN PROPERTY HOLDINGS 25.08.2022 BB- CN / Real Estate200k+1kXS1954961295 7.500 l 104.88 0.92 4.36 364c

400 MM Secured, MWC (100bp)USD KAISA GROUP HOLDINGS LTD 26.02.2021 B CN / Real Estate200k+1kXS1937801212 11.750 l 104.25 0.90 7.22 649

500 MM MWC (100bp)USD ENN CLEAN ENERGY 27.02.2021 BB CN / Chemical200k+1kXS1933891043 7.500 103.00 0.92 4.33 361

400 MM Secured, MWC (100bp)USD CENTRAL CHN REAL ESTATE 05.03.2021 B+ CN / Real Estate200k+1kXS1759562710 6.500 100.00 0.94 6.60 589

335 MM Secured, MWCUSD MODERN LAND CHINA CO LTD 05.03.2021 B- CN / Industrial200k+1kXS1775946285 7.950 97.00 0.91 11.56 1'085

375 MM Secured, C [email protected], MWC (100bp)USD YUZHOU PROPERTIES CO LTD 06.03.2021 B+ CN / Real Estate200k+1kXS1788498167 6.375 l 101.50 0.95 4.86 415

600 MM MWCUSD SCENERY JOURNEY LTD 06.03.2021 B CN / Real Estate200k+1kXS1958321702 9.000 100.13 0.92 9.06 835

520 MM Secured, MWC (100bp)USD FANTASIA HOLDINGS GROUP 08.03.2021 B- CN / Real Estate200k+1kXS1784286327 8.375 101.25 0.94 7.17 647

1.75 B W/Tax, GlobalUSD FORD MOTOR CREDIT CO LLC 18.03.2021 BB+ US / Auto200k+1kUS345397XW88 3.336 l 101.14 0.99 2.21 151

1.5 BUSD CROATIA 24.03.2021 BB HR / Sovereign200k+1kXS0607904264 6.375 l 105.01 0.99 1.50 80

2 B GlobalUSD REPUBLIC OF TURKEY 30.03.2021 B+ TR / Sovereign100k+1kUS900123BH29 5.625 l 102.38 1.00 3.34 264

500 MMUSD REPUBLIC OF GEORGIA 12.04.2021 BB GE / Sovereign200k+1kXS0617134092 6.875 l 105.27 1.03 1.97 127

600 MM Secured, C [email protected] CHINA SCE GRP HLDGS LTD 17.04.2021 B CN / Real Estate200k+1kXS1795479291 7.450 102.25 1.02 5.39 469

350 MM Secured, MWC (100bp)USD POWERLONG REAL ESTATE 17.04.2021 B CN / Real Estate200k+1kXS1805359939 6.950 101.20 1.02 5.89 519




400 MM MWC (100bp)USD RKPF OVERSEAS 2019 B 18.04.2021 BB- CN / Real Estate200k+1kXS1934311355 7.750 103.75 1.03 4.28 359

500 MMUSD TURKIYE GARANTI BANKASI 20.04.2021 B TR / Banks200k+1kUSM8931TAA71 6.250 l 103.32 1.05 3.20 251

500 MM C 2020@102USD CIFI HOLDINGS GROUP 23.04.2021 B+ CN / Real Estate200k+1kXS1801151371 6.875 l 102.50 1.04 2.57 188

350 MM Secured, MWC (100bp)USD JINGRUI HOLDINGS LTD 23.04.2021 B- CN / Real Estate200k+1kXS1799928418 9.450 97.50 0.99 12.23 1'154

500 MM C 2020@102, MWC (100bp)USD NEW METRO GLOBAL LTD 23.04.2021 BB CN / Real Estate200k+1kXS1810682564 6.500 100.88 1.04 5.76 506

700 MM Secured, C [email protected], MWC (100bp)USD RONSHINE CHINA 25.10.2022 B CN / Real Estate200k+1kXS1976760782 8.750 105.20 1.03 6.16 547c

300 MM C [email protected], MWCUSD GLOBAL PRIME CAPITAL 26.04.2021 BB- ID / Real Estate200k+1kXS1791728790 7.250 102.50 1.05 5.00 431

500 MMUSD TC ZIRAAT BANKASI AS 29.04.2021 B TR / Banks200k+1kXS1223394914 4.750 l 101.13 1.08 3.76 306

500 MMUSD BANK MUSCAT SAOG 03.05.2021 BB OM / Banks200k+1kXS1402946328 3.750 l 101.12 1.10 2.77 208

390 MM C [email protected], MWC (50bp)USD LIGHT SERVICOS ENERGIA 03.05.2023 BB- BR / Utilities200k+1kUSP62763AA81 7.250 106.85 1.07 4.23 354c

300 MMUSD TURKIYE SINAI KALKINMA B 18.05.2021 B- TR / Banks200k+1kXS1412393172 4.875 l 101.45 1.13 3.65 296

300 MM C [email protected] NAGACORP LTD 21.05.2021 B+ KH / Leisure200k+1kUSG6382MAA74 9.375 l 105.00 1.10 5.07 438

300 MM C 2020@102, MWC (100bp)USD NEW METRO GLOBAL LTD 23.05.2021 BB CN / Real Estate200k+1kXS1823153033 7.125 101.63 1.12 5.78 509

500 MM W/Tax, Dom., C 2021@100, MWC (40bp)USD WESTERN MIDSTREAM OPERAT 01.06.2021 BB+ US / Energy2k+1kUS958254AA26 5.375 103.81 1.23 1.43 75

325.3 MM C [email protected], MWC (100bp)USD 361 DEGREES INTL LTD 03.06.2021 BB- CN / Retail200k+1kXS1415758991 7.250 l 92.74 1.09 14.32 1'364

670.2 MM MWC (50bp)USD VEDANTA RESOURCES LTD 07.06.2021 B- IN / Basic Mat.200k+1kUSG9328DAG54 8.250 l 97.95 1.12 10.28 959

1 B SukukUSD HAZINE MUSTESARLIGI VARL 08.06.2021 B+ TR / Sovereign200k+1kXS1303467077 4.251 l 101.49 1.19 3.04 236

1.5 BUSD OMAN GOV INTERNTL BOND 15.06.2021 BB OM / Sovereign200k+1kXS1405781342 3.625 l 100.78 1.22 3.01 233

500 MM MWC (100bp), PutUSD HAIMEN ZHONGNAN INV DEV 18.06.2022 B- CN / Real Estate200k+1kXS2008677341 10.875 103.00 1.14 10.04 936p

300 MMUSD JINKE PROPERTIES GROUP 20.06.2021 B CN / Real Estate200k+1kXS2010988074 8.375 102.50 1.18 6.39 571

500 MM Secured, C [email protected] MARBLE II PTE LTD 20.06.2022 BB SG / Technology200k+1kUSY57657AA90 5.300 101.00 1.21 4.53 385w

750 MMUSD TURKIYE IS BANKASI A.S 25.06.2021 B- TR / Banks200k+1kXS1079527211 5.000 l 101.75 1.23 3.63 295

353.7 MM W/Tax, C [email protected], MWC (50bp)USD STILLWATER MINING CO 27.06.2022 B+ ZA / Basic Mat.200k+1kUSU85969AC41 6.125 l 102.38 1.22 3.18 250w

1.5 B Secured, MWCUSD CHINA EVERGRANDE GROUP 28.06.2021 B CN / Real Estate200k+1kXS1627599142 6.250 l 96.63 1.20 9.25 857

500 MMUSD TURKIYE HALK BANKASI AS 13.07.2021 B- TR / Banks200k+1kXS1439838548 5.000 l 99.60 1.27 5.37 470




730 MM Secured, C [email protected], MWC (50bp)USD LIQUID TELECOM FINANCE 13.07.2022 B+ ZA / Telecom200k+1kXS1644418904 8.500 103.80 1.24 5.59 491w

367.9 MM Secured, C [email protected], MWC (100bp)USD HT GLOBAL IT SOLUTIONS 14.07.2021 B+ IN / Technology200k+1kUSV4256QAA95 7.000 102.00 1.26 5.50 483

300 MMUSD GREENLAND HONG KONG HLDG 17.07.2021 BB- CN / Real Estate200k+1kXS1991146892 6.000 98.50 1.26 7.30 663

650 MM Secured, C [email protected], MWC (100bp)USD SUNAC CHINA HOLDINGS LTD 19.07.2021 B+ CN / Real Estate200k+1kXS1809230474 7.350 l 103.00 1.27 5.09 442

350 MM Secured, C [email protected], MWC (50bp)USD GREENKO DUTCH BV 24.07.2022 BB+ IN / Energy200k+1kUSN3700LAC92 4.875 l 100.63 1.31 4.45 377w

1 BUSD REPUBLIC OF SRI LANKA 27.07.2021 B LK / Sovereign200k+1kUSY2029SAG94 6.250 l 102.25 1.30 4.60 393

478.7 MM C [email protected], MWC, PutUSD WEALTH DRIVEN LTD 17.08.2023 BB CN / Insurance200k+1kXS1471856424 5.500 101.00 1.36 4.83 416p

1.4 BUSD UKRAINE GOVERNMENT 01.09.2021 CCC+ UA / Sovereign100k+1kXS1303920083 7.750 l 105.17 1.39 4.14 348

500 MM C [email protected], MWC (100bp)USD RKI OVERSEAS FIN 2016 B 06.09.2021 BB- CN / Real Estate200k+1kXS1483944317 4.700 100.00 1.42 4.75 409

340.7 MM Secured, C [email protected], MWC (100bp)USD CHINA SOUTH CITY HOLDING 13.09.2021 CCC+ CN / Real Estate200k+1kXS1488049740 6.750 91.25 1.31 13.79 1'313

500 MMUSD UNION LIFE INSURANCE 19.09.2021 BB+ CN / Insurance200k+1kXS1489734746 3.000 79.45 1.34 20.09 1'943


400 MMUSD ZHONGLIANG HOLDINGS 26.09.2021 B CN / Real Estate200k+1kXS2049640332 11.500 103.75 1.32 9.04 838

300 MM MWC (100bp)USD HUAYUAN PROPERTY CO LTD 27.09.2021 B CN / Real Estate200k+1kXS1967601649 8.500 101.45 1.38 7.63 697

500 MM Secured, C [email protected], MWC (100bp)USD FANTASIA HOLDINGS GROUP 04.10.2021 B- CN / Real Estate200k+1kXS1498418224 7.375 99.45 1.41 7.90 724


1 B SukukUSD THIRD PKSTAN INTL SUKUK 13.10.2021 B- PK / Sovereign200k+1kXS1501659384 5.500 l 102.90 1.48 3.64 298

300 MMUSD 21VIANET GROUP INC 15.10.2021 B+ CN / Comm.200k+1kXS1976766045 7.875 101.00 1.43 7.32 667

350 MM MWC (50bp)USD VIRGIN AUSTRALIA HOLDING 15.10.2021 B- AU / Transport2k+1kUSQ94606AG79 7.875 95.00 1.40 11.70 1'104

300 MM Secured, MWC (100bp)USD MODERN LAND CHINA CO LTD 25.10.2021 B- CN / Industrial200k+1kXS1986632716 12.850 101.95 1.37 11.81 1'115

500 MM GlobalUSD TURKIYE VAKIFLAR BANKASI 27.10.2021 B TR / Banks200k+1kXS1508914691 5.500 l 102.45 1.52 3.97 332

625.7 MMUSD CENT ELET BRASILEIRAS SA 27.10.2021 BB- BR / Utilities200k+1kUSP22854AG14 5.750 l 104.90 1.53 2.67 202

300 MM Secured, C [email protected], MWC (50bp)USD CODERE FINANCE 2 LUXEMBO 01.11.2021 B- ES / Leisure200k+1kXS1513776374 7.625 83.00 1.37 21.31 2'066

500 MMUSD REPUBLIC OF NAMIBIA 03.11.2021 BB NA / Sovereign200k+1kXS0686701953 5.500 l 104.63 1.55 2.62 198

400 MM Secured, C [email protected], MWC (100bp)USD CENTRAL CHN REAL ESTATE 08.11.2021 B+ CN / Real Estate200k+1kXS1512966372 6.750 100.00 1.51 6.86 621




1 B W/Tax, MWC (20bp), GlobalUSD BECTON DICKINSON AND CO 08.11.2021 BB+ US / Healthcare2k+1kUS075887BA64 3.125 l 103.32 1.60 1.10 45

344.8 MM SukukUSD MUMTALAKAT SUKUK HOLDING 25.11.2021 B+ BH / Financial200k+1kXS1143085014 4.000 l 101.75 1.62 2.96 232

335 MM MWC (100bp)USD YANCOAL INTL RES DEV 29.11.2021 BB CN / Energy200k+1kXS1909074491 6.000 103.25 1.60 4.06 342

1.05 B Tier 2USD ITAU UNIBANCO HLDG SA/KY 21.12.2021 BB- BR / Banks200k+1kUS46556MAE21 6.200 l 106.45 1.67 2.49 185

1.4 B W/Tax, GlobalUSD FORD MOTOR CREDIT CO LLC 07.01.2022 BB+ US / Auto200k+1kUS345397ZM88 5.596 l 106.25 1.73 2.10 146

750 MM W/Tax, GlobalUSD FORD MOTOR CREDIT CO LLC 09.01.2022 BB+ US / Auto200k+1kUS345397XA68 3.219 l 101.49 1.83 2.39 176

450.0 MM W/Tax, C 2021@100, MWC (35bp), GlobalUSD MACYS RETAIL HLDGS INC 15.01.2022 BB+ US / Retail2k+1kUS55616XAF42 3.875 l 102.56 1.85 2.25 162

500 MMUSD REPUBLIC OF SRI LANKA 18.01.2022 B LK / Sovereign200k+1kUSY8137FAG38 5.750 l 101.75 1.73 4.81 417

1 B C [email protected] MARB BONDCO PLC 19.01.2025 BB- BR / Food200k+1kUSG5825AAB82 6.875 105.15 1.72 4.70 407w

450 MM Secured, C [email protected], MWCUSD YANLORD LAND HK CO LTD 23.01.2022 B+ SG / Real Estate200k+1kXS1521768058 5.875 l 102.00 1.74 4.80 416

585 MM C [email protected], MWCUSD CIFI HOLDINGS GROUP 23.01.2022 BB- CN / Real Estate200k+1kXS1513700127 5.500 l 101.25 1.75 4.85 421

350 MM Secured, C 2020@103USD YUZHOU PROPERTIES CO LTD 25.01.2022 B+ CN / Real Estate200k+1kXS1555300497 6.000 l 100.50 1.74 5.79 516

1.5 B Tier 2USD BANCO DO BRASIL (CAYMAN) 26.01.2022 BB- BR / Banks200k+1kUSG07402DN01 5.875 l 105.75 1.77 2.73 210

300 MMUSD MONGOLIAN MORTGAGE CO 29.01.2022 B- MN / Financial200k+1kUSY6142GAA14 9.750 98.50 1.65 10.92 1'029

500 MM MWCUSD KERNEL HOLDING SA 31.01.2022 B UA / Food200k+1kXS1533923238 8.750 l 105.13 1.72 5.92 529

2.5 B GlobalUSD ARAB REPUBLIC OF EGYPT 31.01.2022 B EG / Sovereign200k+1kXS1558077845 6.125 l 104.26 1.77 3.80 317

500.0 MM C 2022@100, MWC (40bp), GlobalUSD SEAGATE HDD CAYMAN 01.03.2022 BB+ US / Technology2k+1kUS81180WAV37 4.250 l 102.80 1.81 2.74 211c

600 MMUSD RUSAL CAPITAL DAC 02.02.2022 B+ RU / Basic Mat.200k+1kXS1533921299 5.125 102.50 1.78 3.78 315

535.3 MM MWC (50bp)USD VOLCAN CIA MINERA SAA-CM 02.02.2022 BB PE / Basic Mat.2k+1kUSP98047AA42 5.375 103.50 1.78 3.48 285

300 MM C [email protected] CHINA WATER AFFAIRS GRP 07.02.2022 BB+ HK / Industrial200k+1kXS1556165477 5.250 l 101.00 1.79 4.75 412

500 MMUSD CD ECO TECH SA 12.02.2022 BB CN / Industrial200k+1kXS1896607311 7.500 101.95 1.76 6.50 588

350 MM C [email protected], MWC (50bp)USD BUKIT MAKMUR MANDIRI UTA 13.02.2022 BB- ID / Basic Mat.200k+1kUSY71300AA84 7.750 100.75 1.74 7.45 683

500 MM MWC (50bp)USD MTN MAURITIUS INVSTMENTS 13.02.2022 BB+ ZA / Telecom200k+1kXS1503116912 5.373 l 104.13 1.82 3.17 254

800 MM Secured, C 2021@102, MWC (100bp)USD SUNAC CHINA HOLDINGS LTD 15.02.2022 B+ CN / Real Estate200k+1kXS1953150197 7.875 l 104.25 1.77 5.32 470

750 MM C 2022@100, MWC (50bp)USD FMG RESOURCES AUG 2006 15.05.2022 BB+ AU / Basic Mat.2k+1kUSQ3919KAJ09 4.750 l 103.50 1.81 2.89 227c





600 MM GlobalUSD YAPI VE KREDI BANKASI AS 24.02.2022 B TR / Banks200k+1kXS1571399754 5.750 l 102.46 1.83 4.47 385

400 MM SecuredUSD SHRIRAM TRANSPORT FIN 27.02.2022 BB+ IN / Transport200k+1kXS1953982086 5.700 l 101.50 1.84 4.95 432

1.1 B Tier 2USD BANCO BRADESCO (CAYMAN) 01.03.2022 BB- BR / Banks200k+1kUSG0732RAG32 5.750 l 105.75 1.87 2.76 213

500 MM Secured, C [email protected], MWC (100bp)USD AGILE GROUP HOLDINGS LTD 07.03.2022 BB- CN / Real Estate200k+1kXS1959497782 6.700 l 104.00 1.85 4.63 401

1 BUSD OMAN GOV INTERNTL BOND 08.03.2022 BB OM / Sovereign200k+1kXS1575874471 3.875 l 101.25 1.91 3.25 263


1 B W/Tax, C 2022@100, MWC (25bp), GlobalUSD DELTA AIR LINES INC 15.03.2022 BB+ US / Transport2k+1kUS247361ZJ00 3.625 l 102.73 2.01 2.18 156

300 MM C [email protected] YANGO JUSTICE INTL 18.03.2022 B CN / Real Estate200k+1kXS2008157856 10.250 104.30 1.69 8.06 744

1.25 B Tier 2USD ITAU UNIBANCO HLDG SA/KY 19.03.2022 BB- BR / Banks200k+1kUS46556MAF95 5.650 l 105.75 1.87 2.73 211

1.4 B C [email protected], MWCUSD FORTUNE STAR BVI LTD 23.03.2022 BB CN / Leisure200k+1kXS1581103428 5.250 100.95 1.87 4.81 419

2.025 B Secured, C [email protected], MWC (100bp)USD CHINA EVERGRANDE GROUP 23.03.2022 B CN / Real Estate200k+1kXS1580431143 8.250 l 95.25 1.74 11.21 1'059

1 B GlobalUSD REPUBLIC OF TURKEY 25.03.2022 B+ TR / Sovereign200k+1kUS900123BY51 5.125 l 102.55 1.88 3.85 323

850 MM W/Tax, C 2022@100, GlobalUSD FORD MOTOR CREDIT CO LLC 28.03.2022 BB+ US / Auto200k+1kUS345397YL15 3.339 l 101.50 2.05 2.57 195

482.8 MMUSD POLYUS FINANCE PLC * 28.03.2022 BB RU / Basic Mat.200k+1kXS1405766384 4.699 l 104.00 1.91 2.70 208

350 MM Sub, C [email protected], MWC (50bp)USD SEPLAT PETROLEUM DEV CO 01.04.2023 B- NG / Energy200k+1kXS1789190243 9.250 l 104.40 1.78 7.03 641w

330 MMUSD BORETS FINANCE DAC 07.04.2022 BB- RU / Energy200k+1kXS1596115409 6.500 104.13 1.88 4.44 382

550 MM Secured, C 2021@103, MWC (100bp)USD KAISA GROUP HOLDINGS LTD 09.04.2022 B CN / Real Estate200k+1kXS1973544700 11.250 l 105.00 1.76 8.75 813

450 MM C 2021@104, MWC (100bp)USD RED SUN PROPERTIES GRP 11.04.2022 B- CN / Real Estate200k+1kXS1976473618 9.950 101.25 1.78 9.48 886

1.45 B Secured, MWC (100bp)USD CHINA EVERGRANDE GROUP 11.04.2022 B CN / Real Estate200k+1kXS1982036961 9.500 l 96.75 1.76 11.60 1'098

500 MMUSD JSW STEEL LTD 13.04.2022 BB IN / Basic Mat.200k+1kXS1586341981 5.250 l 101.70 1.92 4.44 381

400 MM Secured, C [email protected], MWC (50bp)USD ASTON MARTIN CAPITAL HOL 15.04.2022 CCC+ JE / Auto200k+1kUSG05891AA76 6.500 90.48 1.82 12.09 1'147

650 MM C [email protected], MWC (50bp)USD TULLOW OIL PLC 15.04.2022 CCC+ GH / Energy200k+1kUSG91235AB05 6.250 l 75.00 1.72 22.87 2'225

500 MMUSD KAZMUNAYGAS NATIONAL CO 19.04.2022 BB KZ / Energy200k+1kXS1595713279 3.875 l 103.38 1.99 2.24 162

500 MM SukukUSD ALPHA STAR HOLDING III 20.04.2022 B+ AE / Real Estate200k+1kXS1585453142 6.250 96.38 1.88 8.31 769




350 MM C [email protected] CHINA OIL AND GAS GROUP 20.04.2022 BB CN / Utilities200k+1kXS1589745170 4.625 l 100.63 1.96 4.36 373


500 MM C 2021@104, MWC (100bp)USD RONGXINGDA DEVELOPMENT 24.04.2022 B+ CN / Real Estate200k+1kXS1979285571 8.000 96.75 1.84 9.96 934

370 MM C [email protected], MWC (50bp)USD ALAM SYNERGY PTE LTD 24.04.2022 B- ID / Real Estate200k+1kXS1504809499 6.625 85.50 1.81 15.38 1'475

650 MM Secured, C [email protected], MWC (50bp)USD PETRA DIAMONDS US TREAS 01.05.2022 CCC+ ZA / Basic Mat.200k+1kUSG7028AAB91 7.250 60.50 1.61 37.94 3'732

300 MM W/Tax, Secured, C [email protected], MWC (50bp)USD CGG HOLDING US INC 01.05.2023 B FR / Energy200k+1kUSU15826AB34 9.000 l 105.25 1.88 3.60 297w


300 MM SukukUSD SD INTERNATIONAL SUKUK 09.05.2022 BB- MY / Services200k+1kXS1900582476 6.300 101.25 1.96 5.76 513

372.3 MM MWC (100bp)USD CAR INC 10.05.2022 B+ CN / Services200k+1kXS1991398352 8.875 l 87.50 1.79 16.53 1'591

750 MMUSD QNB FINANSBANK AS/TURKEY 19.05.2022 B+ TR / Banks200k+1kXS1613091500 4.875 l 101.38 2.03 4.25 363

300 MM MWCUSD NEW METRO GLOBAL LTD 20.05.2022 BB CN / Real Estate200k+1kXS1996313737 6.500 100.63 1.98 6.28 566

350 MM SecuredUSD INDIABULLS HOUSING FIN 28.05.2022 B IN / Financial200k+1kXS1999787564 6.375 l 84.50 1.90 15.37 1'474

500 MM GlobalUSD TURKIYE VAKIFLAR BANKASI 30.05.2022 B TR / Banks200k+1kXS1622626379 5.625 l 101.65 2.04 4.89 426

1.1 B W/Tax, GlobalUSD KRAFT HEINZ FOODS CO 06.06.2022 BB+ US / Food2k+1kUS50076QAZ90 3.500 l 102.85 2.24 2.20 158

500 MM MWC (25bp), GlobalUSD NOKIA OYJ 12.06.2022 BB FI / Telecom2k+1kUS654902AD73 3.375 l 101.83 2.14 2.55 193

600 MM Secured, C [email protected], MWCUSD SUNAC CHINA HOLDINGS LTD 14.06.2022 B+ CN / Real Estate200k+1kXS2012954835 7.250 l 103.25 2.04 5.77 515

500 MM MWC (50bp), GlobalUSD EMPRESA BRAS DE AERONAU 15.06.2022 BB+ (wl+) BR / Industrial2k+1kUS29082AAA51 5.150 l 105.85 2.12 2.49 187


300 MM Dom.USD REPUBLIC OF NIGERIA 27.06.2022 B NG / Sovereign2k+1kUS65412AEK43 5.625 l 104.13 2.12 3.76 314

300 MM Secured, C 2022@100USD RENEW POWER LTD 27.09.2022 BB- IN / Energy200k+1kUSY7278TAF67 6.450 103.50 2.06 4.88 426c

1 B Secured, C [email protected], MWC (100bp)USD SHIMAO PROPERTY HLDGS 03.07.2022 BB CN / Real Estate200k+1kXS1637274124 4.750 l 102.00 2.16 3.87 325

300 MM C [email protected], MWCUSD PRIME BLOOM HOLDINGS LTD 05.07.2022 CCC CN / Retail200k+1kXS1636491794 6.950 50.50 1.69 47.01 4'638

1 B W/Tax, Secured, MWC (30bp), GlobalUSD ADT SEC CORP 15.07.2022 BB- US / Services2k+1kUS00101JAF30 3.500 l 103.95 2.21 1.78 116

300 MMUSD CHINA HONGQIAO GROUP LTD 22.07.2022 B CN / Basic Mat.200k+1kXS2024786035 7.125 92.00 2.07 11.35 1'073

700 MM Secured, C [email protected], MWC (100bp)USD COUNTRY GARDEN HLDGS 25.07.2022 BB CN / Real Estate200k+1kXS1637076164 4.750 l 101.45 2.21 4.14 352w




725 MM C 2020@106USD NOSTRUM OIL & GAS FIN BV 25.07.2022 CCC- KZ / Energy200k+1kUSN64884AB02 8.000 50.00 1.63 48.73 4'811

1 BUSD REPUBLIC OF SRI LANKA 25.07.2022 B LK / Sovereign200k+1kUSY2029SAH77 5.875 l 101.38 2.18 5.32 469

1 BUSD TRANSNET SOC LTD 26.07.2022 BB ZA / Transport200k+1kXS0809571739 4.000 l 101.63 2.24 3.31 268

1 BUSD VEDANTA RESOURCES LTD 30.07.2022 B- IN / Basic Mat.200k+1kUSG9328DAM23 6.375 l 88.00 2.09 12.70 1'207

300 MM MWC (100bp)USD BRIGHT SCHOLAR EDUCATION 31.07.2022 BB- CN / Services200k+1kXS2032582244 7.450 104.75 2.16 5.37 475

350 MM C [email protected] ABM INVESTAMA TBK PT 01.08.2022 B+ ID / Diversified200k+1kUSY708CHAA88 7.125 82.50 2.03 16.89 1'627

750 MM MWC (50bp), GlobalUSD ANGLOGOLD HOLDINGS PLC 01.08.2022 BB+ ZA / Basic Mat.1k+1kUS03512TAC53 5.125 l 107.00 2.25 2.12 149

300 MM MWC (100bp)USD ZHENRO PROPERTIES GROUP 03.08.2022 B CN / Real Estate200k+1kXS2050860308 8.700 104.25 2.13 6.86 623

500 MM Secured, C [email protected] AZURE POWER ENERGY LTD 03.11.2022 BB- IN / Energy200k+1kUSV00027AA65 5.500 l 102.50 2.19 4.44 381w

1.375 B Tier 2USD ITAU UNIBANCO HLDG SA/KY 06.08.2022 BB- BR / Banks200k+1kUS46556MAH51 5.500 l 106.25 2.24 2.81 219

300 MM Secured, C 2021@102, MWC (100bp)USD CENTRAL CHN REAL ESTATE 08.08.2022 B+ CN / Real Estate200k+1kXS2037190514 6.875 99.00 2.17 7.47 684


400 MM C [email protected] EHI CAR SERVICES LTD 14.08.2022 B+ CN / Services200k+1kXS1657420441 5.875 83.95 2.12 14.36 1'374

500 MM C 2022@100USD PETROPAVLOVSK 2016 14.11.2022 B- RU / Basic Mat.200k+1kXS1711554102 8.125 105.00 2.13 5.97 535c

500 MM Secured, C [email protected] GREENKO INVESTMENT CO 16.08.2023 B+ IN / Utilities200k+1kUSV3854PAA94 4.875 l 100.50 2.26 4.71 408w

400 MM C [email protected], MWC (50bp)USD MEDCO STRAITS SERV PTD 17.08.2022 B+ ID / Energy200k+1kUSY59515AA72 8.500 105.00 2.18 6.34 571

435 MM C [email protected], MWC (50bp)USD GREENKO MAURITIUS LTD 21.02.2023 BB+ IN / Energy200k+1kUSV3855LAA71 6.250 103.63 2.25 4.72 409w

694.3 MM Tier 2, GlobalUSD BANCOLOMBIA SA 11.09.2022 BB CO / Banks2k+1kUS05968LAH50 5.125 l 106.63 2.30 2.40 177

750 MMUSD TURKIYE GARANTI BANKASI 13.09.2022 B TR / Banks200k+1kUSM8931TAF68 5.250 l 102.38 2.27 4.28 366

650 MM Secured, C 2020@103, MWC (100bp)USD KWG GROUP HOLDINGS 15.09.2022 B CN / Real Estate200k+1kXS1556169206 6.000 l 100.25 2.24 5.98 535


750 MMUSD REPUBLIC OF ZAMBIA 20.09.2022 CCC ZM / Sovereign200k+1kXS0828779594 5.375 l 66.00 2.10 25.59 2'497

1 B W/Tax, Dom.USD FORD MOTOR CREDIT CO LLC 20.09.2022 BB+ US / Auto200k+1kUS345397WF64 4.250 l 103.83 2.53 2.69 206

300 MMUSD HK RED STAR MACALLINE UN 21.09.2022 BB CN / Real Estate200k+1kXS1599128680 3.375 90.00 2.30 7.96 733

400 MM MWC (35bp)USD BANCO VOTORANTIM 24.09.2022 BB- BR / Banks200k+1kXS2055651082 4.000 103.75 2.36 2.48 186




2.5 B GlobalUSD REPUBLIC OF TURKEY 26.09.2022 B+ TR / Sovereign200k+1kUS900123BZ27 6.250 l 105.18 2.29 4.13 350

1 B MWC (50bp)USD GRUPO AVAL LTD 26.09.2022 BB CO / Banks200k+1kUSG42045AB32 4.750 l 104.38 2.34 2.97 235

400 MM C [email protected], MWC (50bp)USD UNIFIN FINANCIERA SA DE 27.09.2023 BB MX / Financial200k+1kUSP94461AB96 7.250 103.13 2.23 6.00 537w

650 MM Secured, C [email protected], MWC (100bp)USD COUNTRY GARDEN HLDGS 28.09.2023 BB CN / Real Estate200k+1kXS1485578535 4.750 l 101.13 2.33 4.32 370w

300 MMUSD LS FINANCE 2022 LTD 16.10.2022 BB HK / Retail200k+1kXS0841191991 4.250 99.75 2.39 4.40 377

600 MM Secured, C 2021@103, MWC (100bp)USD KAISA GROUP HOLDINGS LTD 22.10.2022 B CN / Real Estate200k+1kUSG52132BW96 11.950 l 106.38 2.14 9.35 873

750 MM SecuredUSD SHRIRAM TRANSPORT FIN 24.10.2022 BB+ IN / Transport200k+1kUSY7758EEC13 5.950 l 102.00 2.35 5.19 456

2 B C 2022@100, MWC (100bp)USD SCENERY JOURNEY LTD 24.10.2022 B CN / Real Estate200k+1kXS2109191986 11.500 98.25 2.17 12.68 1'205

1 B Tier 2USD TURKIYE IS BANKASI A.S 24.10.2022 CCC TR / Banks200k+1kXS0847042024 6.000 l 100.63 2.34 5.82 519

500 MMUSD AKBANK TAS 24.10.2022 B TR / Banks150k+1kUSM0375YAK49 5.000 l 101.21 2.39 4.55 393

400 MM C [email protected] PRESS METAL LABUAN LTD 30.10.2022 B+ MY / Basic Mat.200k+1kXS1704655635 4.800 98.25 2.40 5.60 497

450 MM SecuredUSD MUTHOOT FINANCE LTD 31.10.2022 BB IN / Financial200k+1kUS62828M2A84 6.125 102.75 2.36 5.06 444

1.25 B W/Tax, GlobalUSD FORD MOTOR CREDIT CO LLC 01.11.2022 BB+ US / Auto200k+1kUS345397ZU05 3.350 l 101.88 2.64 2.63 200

672.4 MM Tier 2USD TURKIYE VAKIFLAR BANKASI 01.11.2022 CCC- TR / Banks200k+1kXS0849728190 6.000 l 101.40 2.36 5.49 487

500 MMUSD ANADOLU EFES 01.11.2022 B+ TR / Food200k+1kXS0848940523 3.375 l 100.25 2.47 3.30 268

645 MM C [email protected], MWC (100bp)USD SCENERY JOURNEY LTD 06.11.2022 B CN / Real Estate200k+1kXS1903671854 13.000 102.00 2.11 12.44 1'182

500 MMUSD CAIXA ECONOMICA FEDERAL 07.11.2022 BB BR / Banks150k+1kUS12803X2B68 3.500 l 102.25 2.50 2.63 201

300 MM Secured, C [email protected], MWC (100bp)USD POWERLONG REAL ESTATE 08.11.2022 B CN / Real Estate200k+1kXS2078556342 7.125 101.45 2.34 6.62 600


1 B MWC (50bp), GlobalUSD SASOL FINANCING INT 14.11.2022 BB+ ZA / Chemical200k+1kUS803865AA25 4.500 l 102.25 2.47 3.64 302

400 MM W/Tax, Dom., C 2022@100, MWC (45bp)USD TRANSALTA CORP 15.11.2022 BB+ CA / Utilities2k+1kUS89346DAF42 4.500 l 103.32 2.68 3.09 247

404.9 MM W/TaxUSD CIELO USA INC 16.11.2022 BB+ BR / Services90k+1USU1714UAA35 3.750 102.00 2.51 2.99 236

536 MM C [email protected] METROPOLITAN LIGHT CO 21.11.2022 BB HK / Telecom200k+1kUSG9600GAA07 5.500 103.50 2.45 4.16 353

300 MMUSD TIANQI FINCO CO LTD 28.11.2022 B CN / Chemical200k+1kXS1669865591 3.750 l 67.95 2.31 20.44 1'981

300 MM C [email protected] ANTON OILFIELD SERV GRP/ 02.12.2022 B+ CN / Energy200k+1kXS2082380515 7.500 93.00 2.33 10.78 1'016




1 B SukukUSD THIRD PKSTAN INTL SUKUK 05.12.2022 B- PK / Sovereign200k+1kXS1729876059 5.625 l 104.15 2.49 4.05 342

1 BUSD MONGOLIA INTL BOND 05.12.2022 B- MN / Sovereign200k+1kUS60937GAB23 5.125 l 100.75 2.49 4.88 426

1 B Tier 2USD YAPI VE KREDI BANKASI AS 06.12.2022 CCC+ TR / Banks200k+1kXS0861979440 5.500 l 99.50 2.47 5.78 515

1.264 BUSD DEVELOPMENT BANK OF KAZA 10.12.2022 BB+ KZ / Agency200k+1kXS0860582435 4.125 l 104.65 2.57 2.38 176

500 MM C 2022@100, MWC (50bp)USD FMG RESOURCES AUG 2006 15.03.2023 BB+ AU / Basic Mat.2k+1kUSQ3919KAL54 5.125 l 105.00 2.51 3.25 262c

750 MM C 2022@100, MWCUSD KOC HOLDING AS 15.03.2023 B+ TR / Diversified200k+1kXS1379145656 5.250 l 103.60 2.49 3.90 328c

600 MMUSD ZOOMLION HK SPV CO LTD 20.12.2022 B CN / Industrial200k+1kUSY9896RAB79 6.125 103.75 2.50 4.72 409

2.15 B MWC (15bp), GlobalUSD FED REPUBLIC OF BRAZIL 05.01.2023 BB- BR / Sovereign200k+1kUS105756BU30 2.625 l 102.90 2.70 1.58 95

1.5 B W/Tax, MWC (25bp), GlobalUSD FORD MOTOR CREDIT CO LLC 09.01.2023 BB+ US / Auto200k+1kUS345397A290 3.087 l 101.05 2.83 2.72 209

450 MM Secured, C [email protected] FANTASIA HOLDINGS GROUP 09.01.2023 B CN / Real Estate200k+1kXS2100005771 10.875 102.75 2.36 9.97 934

1.1 B Secured, C [email protected], MWC (50bp)USD CEMEX SAB DE CV 11.01.2025 BB MX / Industrial200k+1kUSP2253TJE03 5.700 l 102.75 2.57 4.61 398w

300 MM SecuredUSD MANAPPURAM FINANCE LTD 13.01.2023 BB- IN / Financial200k+1kXS2090080172 5.900 101.75 2.57 5.29 467

500 MM MWC (100bp)USD CFLD CAYMAN INVESTMENT 13.01.2023 BB- CN / Real Estate200k+1kXS2100597256 6.900 100.00 2.51 7.01 639


400 MM C 2021@102USD LOGAN PROPERTY HOLDINGS 16.07.2023 BB- CN / Real Estate200k+1kXS2027337786 6.500 l 103.25 2.56 5.32 470w


500 MM C [email protected], MWCUSD YINGDE GASES INVSTMT LTD 19.01.2023 B+ CN / Chemical200k+1kUSG9844KAC39 6.250 l 103.95 2.58 4.81 418

300 MM W/Tax, C 2023@100, MWC (50bp)USD SOFTBANK GROUP CORP 20.04.2023 BB+ JP / Telecom200k+1kXS1811212890 5.500 l 106.80 2.59 3.02 240c

420 MM C 2021@103, MWC (100bp)USD ZHENRO PROPERTIES GROUP 21.01.2023 B- CN / Real Estate200k+1kXS1973630889 8.650 104.00 2.49 7.20 658

1 B Secured, MWC (100bp)USD CHINA EVERGRANDE GROUP 22.01.2023 B CN / Real Estate200k+1kXS2106834299 11.500 l 98.75 2.34 12.38 1'175

300 MM C [email protected], MWCUSD SSMS PLANTATION HOLDINGS 23.01.2023 B- ID / Food200k+1kXS1712553418 7.750 77.00 2.33 19.26 1'863

300 MM C [email protected], MWC (100bp)USD CIFI HOLDINGS GROUP 23.01.2023 B+ CN / Real Estate200k+1kXS1750975200 5.500 l 101.25 2.61 5.09 446

504.5 MM C 2023@100, MWC (50bp)USD METINVEST BV 23.04.2023 B UA / Basic Mat.200k+1kXS1806400534 7.750 103.13 2.53 6.64 602c

1 BUSD ITAU UNIBANCO HLDG SA/KY 24.01.2023 BB- BR / Banks200k+1kUS46556KAA43 2.900 l 101.00 2.73 2.55 193

350 MM Secured, C [email protected], MWC (100bp)USD CHINA OIL AND GAS GROUP 25.01.2023 BB CN / Utilities200k+1kXS2016070190 5.500 l 102.63 2.62 4.57 394




500 MM C [email protected] PETKIM PETROKIMYA HOLDIN 26.01.2023 B TR / Chemical200k+1kXS1747548532 5.875 l 102.01 2.60 5.18 455

450 MM C [email protected], MWC (100bp)USD FORTUNE STAR BVI LTD 29.01.2023 BB CN / Leisure200k+1kXS1759265264 5.950 102.00 2.61 5.26 463

500 MM Secured, C [email protected], MWC (50bp)USD GREENKO SOLAR MAURITIUS 29.01.2025 BB+ IN / Energy200k+1kUSV3855GAA86 5.550 103.00 2.63 4.48 385w


650 MMUSD TURKIYE VAKIFLAR BANKASI 30.01.2023 B TR / Banks200k+1kXS1760780731 5.750 l 101.51 2.62 5.25 462

500 MMUSD BANCO BTG PACTUAL/CAYMAN 31.01.2023 BB BR / Financial200k+1kUS05971BAD10 5.500 106.00 2.65 3.33 270


750 MM C [email protected], MWC (45bp)USD NATURA COSMETICOS SA 01.02.2023 BB- BR / Retail200k+1kUSP7088CTF33 5.375 l 104.40 2.65 3.34 272

500 MM C [email protected], MWC (50bp)USD JAGUAR LAND ROVER AUTOMO 01.02.2023 B+ GB / Auto150k+1kUSG50027AE42 5.625 l 98.00 2.60 6.49 587

1 B W/Tax, Dom., C [email protected], MWC (50bp)USD T-MOBILE USA INC 01.02.2026 BB (wl-) US / Telecom2k+1kUS87264AAU97 4.500 l 104.00 2.69 2.46 183w


477.1 MMUSD YES BANK IFSC BANKING 06.02.2023 B IN / Banks200k+1kXS1756056229 3.750 l 87.25 2.64 9.01 838

787.8 MMUSD POLYUS FINANCE PLC * 07.02.2023 BB RU / Basic Mat.200k+1kXS1533922933 5.250 l 106.63 2.69 2.88 225


500 MMUSD CREDIT BANK OF MOSCOW (C 14.02.2023 BB- RU / Banks200k+1kXS1759801720 5.550 102.75 2.67 4.59 396

900 MM W/Tax, Dom., C 2023@100USD FORD MOTOR CREDIT CO LLC 15.02.2023 BB+ US / Auto200k+1kUS345397ZB24 4.140 l 104.01 2.94 2.69 206

639.8 MM W/Tax, C 2022@100, MWC (20bp), GlobalUSD MACYS RETAIL HLDGS INC 15.02.2023 BB+ US / Retail2k+1kUS55616XAH08 2.875 l 100.49 2.78 2.70 207

520 MM Secured, C 2020@104, MWC (50bp)USD ALGECO GLOBAL FINANCE 15.02.2023 B- GB / Services200k+1kUSG0229BAH62 8.000 100.50 2.55 7.86 723

1.25 BUSD ARAB REPUBLIC OF EGYPT 21.02.2023 B EG / Sovereign200k+1kXS1775617209 5.577 l 104.75 2.70 3.89 327

450 MM C [email protected], MWCUSD LOGAN PROPERTY HOLDINGS 23.02.2023 B+ CN / Real Estate200k+1kXS1618597535 5.250 l 100.13 2.66 5.27 464

300 MM Secured, C 2020@102, MWC (100bp)USD TIMES CHINA HLDG LTD 02.03.2023 B+ CN / Real Estate200k+1kXS1725308859 6.600 101.75 2.62 6.04 541

1 BUSD REPUBLIC OF IRAQ 09.03.2023 CCC+ IQ / Sovereign200k+1kXS1662407862 6.752 l 102.81 2.68 5.80 517

1 BUSD STATE OIL CO OF THE AZER 13.03.2023 BB- AZ / Energy200k+1kXS0903465127 4.750 l 107.00 2.75 2.34 171

500 MMUSD BANK MUSCAT SAOG 14.03.2023 BB+ OM / Banks200k+1kXS1789474274 4.875 l 104.25 2.73 3.41 278




750 MM W/Tax, Secured, MWC (40bp), GlobalUSD QVC INC 15.03.2023 BB US / Retail2k+1kUS747262AK96 4.375 103.64 2.75 3.12 250

500 MMUSD TURKIYE GARANTI BANKASI 16.03.2023 B TR / Banks200k+1kXS1576037284 5.875 l 103.13 2.67 4.81 418

500 MMUSD YAPI VE KREDI BANKASI AS 16.03.2023 B TR / Banks200k+1kXS1788516679 6.100 l 102.38 2.65 5.30 468

500 MM SukukUSD DAR AL-ARKAN SUKUK CO LT 21.03.2023 B+ SA / Real Estate200k+1kXS1794398831 6.875 102.00 2.62 6.23 561

1.5 B GlobalUSD REPUBLIC OF TURKEY 23.03.2023 B+ TR / Sovereign200k+1kUS900123CA66 3.250 l 97.16 2.81 4.30 367

400 MM Secured, C [email protected], MWC (50bp)USD KCA DEUTAG UK FINANCE PL 01.04.2023 CCC+ GB / Energy200k+1kUSG5222MAC94 9.625 63.50 2.14 30.18 2'955

500 MMUSD ARCELIK AS 03.04.2023 BB+ TR / Retail200k+1kXS0910932788 5.000 l 103.00 2.76 3.99 336

1.25 B SukukUSD HAZINE MUSTESARLIGI VARL 06.04.2023 B+ TR / Sovereign200k+1kXS1586385178 5.004 l 102.97 2.77 4.01 338

850 MM Secured, C 2021@105, MWC (100bp)USD CHINA EVERGRANDE GROUP 11.04.2023 B CN / Real Estate200k+1kXS1982037779 10.000 l 94.13 2.45 12.72 1'209

518.0 MMUSD GERDAU TRADE INC 15.04.2023 BB+ BR / Basic Mat.200k+1kUSG3925DAB67 4.750 l 106.40 2.83 2.60 197

300 MM C 2022@103, MWC (100bp)USD RED SUN PROPERTIES GRP 16.04.2023 B- CN / Real Estate200k+1kXS2103199050 9.700 99.38 2.58 10.19 956

400 MM SukukUSD ALPHA STAR HOLDING V 18.04.2023 B+ AE / Real Estate200k+1kXS1807408486 6.625 94.50 2.64 8.87 824

1.25 BUSD REPUBLIC OF SRI LANKA 18.04.2023 B LK / Sovereign200k+1kUSY8137FAK40 5.750 l 100.63 2.75 5.60 497

500 MM Secured, C [email protected], MWC (100bp)USD CHINA SCE GRP HLDGS LTD 19.04.2023 B CN / Real Estate200k+1kXS2016010881 7.250 102.45 2.64 6.46 583

750 MM MWC (35bp)USD BANCO DO BRASIL (CAYMAN) 19.04.2023 BB- BR / Banks200k+1kUSP3772WAJ10 4.875 l 106.65 2.84 2.65 202


400 MM SecuredUSD INDIA INFOLINE FIN LTD 20.04.2023 BB- IN / Financial200k+1kXS2113454115 5.875 93.50 2.75 8.46 783

400 MM MWC (100bp)USD VEDANTA RESOURCES 23.04.2023 B- IN / Basic Mat.200k+1kUSG9T27HAB07 8.000 l 89.25 2.55 12.62 1'198

350 MM Secured, C [email protected], MWC (100bp)USD YANLORD LAND HK CO LTD 23.04.2023 B+ SG / Real Estate200k+1kXS1809258210 6.750 l 103.38 2.72 5.63 500

300 MM Secured, C [email protected], MWCUSD CENTRAL CHN REAL ESTATE 24.04.2023 B+ CN / Real Estate200k+1kXS1984473071 7.250 98.45 2.67 7.97 734

300 MM MWC (50bp)USD RONESANS GAYRIMENKUL YAT 26.04.2023 B TR / Real Estate200k+1kXS1807502668 7.250 95.52 2.64 9.12 848

800 MMUSD MONGOLIA INTL BOND 01.05.2023 B- MN / Sovereign200k+1kUSY6142NAB48 5.625 l 101.75 2.80 5.08 445


750 MM Secured, C [email protected], MWC (50bp)USD CEMEX SAB DE CV 05.05.2025 BB MX / Industrial200k+1kUSP2253TJG50 6.125 l 103.00 2.79 5.14 451w

300 MM C [email protected], MWC (100bp)USD ZHENRO PROPERTIES GROUP 06.05.2023 B CN / Real Estate200k+1kXS2076026983 9.150 105.00 2.64 7.47 684




1.87 B Tier 2USD ITAU UNIBANCO HLDG SA/KY 13.05.2023 BB- BR / Banks200k+1kUS46556MAJ18 5.125 l 106.65 2.89 2.94 231

1.4 B MWC (40bp), GlobalUSD PETROBRAS GLOBAL FINANCE 20.05.2023 BB- BR / Energy2k+1kUS71647NAF69 4.375 l 106.75 2.95 2.19 156

400 MM MWC (50bp)USD GOLDEN EAGLE RETAIL GRP 21.05.2023 BB- CN / Retail200k+1kUSG3958RAB53 4.625 l 97.25 2.88 5.65 502

346.0 MM MWC (35bp)USD BRF SA 22.05.2023 BB- BR / Food200k+1kUSP1905CAD22 3.950 l 102.15 2.95 3.26 263

500 MMUSD MOBILE TELESYS (MTS INT) 30.05.2023 BB+ RU / Telecom200k+1kXS0921331509 5.000 106.50 2.94 2.89 226

500 MM MWC (50bp)USD VEDANTA RESOURCES LTD 31.05.2023 B- IN / Basic Mat.200k+1kUSG9328DAJ93 7.125 l 87.24 2.68 12.37 1'174

1 B C [email protected], MWC (50bp)USD MELCO RESORTS FINANCE 06.06.2025 BB (wl-) HK / Leisure200k+1kUSG5975LAA47 4.875 l 101.50 2.93 4.42 379w

1.3 B Secured, C [email protected], MWCUSD CHINA EVERGRANDE GROUP 28.06.2023 B CN / Real Estate200k+1kXS1627599498 7.500 l 87.63 2.74 12.52 1'189

700 MM C [email protected], MWC (100bp)USD FORTUNE STAR BVI LTD 02.07.2023 BB CN / Leisure200k+1kXS2019083612 6.750 104.50 2.92 5.32 468

500 MMUSD REPUBLIC OF NIGERIA 12.07.2023 B NG / Sovereign200k+1kXS0944707222 6.375 l 107.00 2.98 4.15 351

700 MM W/Tax, Dom., C 2023@100, MWC (20bp)USD PLAINS ALL AMER PIPELINE 15.10.2023 BB+ US / Energy2k+1kUS72650RBD35 3.850 l 106.45 3.10 1.86 123c

500 MM C [email protected], MWC (50bp)USD ITHACA ENERGY NORTH 15.07.2024 B- GB / Energy200k+1kUSG49774AA35 9.375 102.00 2.79 8.85 822w

450 MM C [email protected], MWC (50bp)USD UNIFIN FINANCIERA SA DE 15.01.2025 BB MX / Financial200k+1kUSP94461AC79 7.000 102.13 2.92 6.38 575w

500 MM SecuredUSD SHRIRAM TRANSPORT FIN 16.07.2023 BB+ IN / Transport200k+1kUSY7758EEF44 5.100 l 99.00 3.01 5.50 487

500 MM Secured, C 2022@101USD TIMES CHINA HLDG LTD 16.07.2023 B+ CN / Real Estate200k+1kXS2027426027 6.750 102.75 2.94 5.92 528

400 MMUSD WANDA PROPERTIES OVERSEA 23.07.2023 BB- CN / Real Estate200k+1kXS2100658066 6.875 99.50 2.93 7.16 653


300 MMUSD ABJA INVESTMENT CO 24.07.2023 BB- IN / Basic Mat.200k+1kXS1753594198 4.450 100.50 3.08 4.33 370

650 MM Secured, C [email protected], MWC (50bp)USD GREENKO DUTCH BV 24.07.2024 BB+ IN / Energy200k+1kUSN3700LAB10 5.250 l 101.50 3.04 4.82 418w

350 MMUSD BANK OF GEORGIA JSC 26.07.2023 BB GE / Banks200k+1kXS1405775880 6.000 l 106.82 3.03 3.86 323

350 MM C 2022@103, MWC (100bp)USD NEW METRO GLOBAL LTD 05.08.2023 BB- CN / Real Estate200k+1kXS2102867483 6.800 101.20 2.98 6.50 586

1 BUSD ESKOM HOLDINGS SOC LTD 06.08.2023 CCC+ ZA / Utilities200k+1kXS0958072240 6.750 l 102.00 2.99 6.18 554

305 MM Secured, C 2020@105, MWC (50bp)USD ALGECO SCOTSMAN FIN 2 15.08.2023 CCC GB / Retail200k+1kUSG0231EAA13 10.000 100.75 2.82 9.79 915

550 MM SecuredUSD MUTHOOT FINANCE LTD 02.09.2023 BB IN / Financial200k+1kUS62828M2B67 4.400 98.50 3.18 4.93 429

500 MM C [email protected] IHS NETHERLANDS HOLDCO 18.03.2025 B NG / Industrial200k+1kXS2051105778 7.125 l 106.00 3.01 5.29 465w




1.3 B C [email protected], MWC (50bp)USD MINERVA LUXEMBOURG SA 20.09.2026 BB- BR / Food200k+1kUSL6401PAF01 6.500 105.38 3.05 4.94 430w

500 MMUSD NATIONAL BANK OF OMAN 25.09.2023 BB+ OM / Banks200k+1kXS1884006559 5.625 l 105.98 3.13 3.84 320



300 MM C [email protected], MWCUSD JABABEKA INTERNATIONAL 05.10.2023 B ID / Real Estate200k+1kUSN4717BAD84 6.500 90.00 2.97 10.13 949



2 B C 2021@106, MWC (100bp)USD SCENERY JOURNEY LTD 24.10.2023 B CN / Real Estate200k+1kXS2109192109 12.000 97.75 2.81 13.20 1'256

600 MM SecuredUSD OZTEL HOLDINGS SPC LTD 24.10.2023 BB+ OM / Telecom200k+1kXS1805474951 5.625 106.19 3.21 3.82 317

300 MM Secured, C [email protected], MWC (100bp)USD HEALTH AND HAPPINESS H&H 24.10.2024 BB- CN / Food200k+1kXS2067255328 5.625 105.00 3.20 4.14 350w

650 MM Secured, C 2020@103, MWCUSD YUZHOU PROPERTIES CO LTD 25.10.2023 B+ CN / Real Estate200k+1kXS1508493498 6.000 l 98.25 3.13 6.65 601

590 MM C [email protected], MWC (100bp)USD SCENERY JOURNEY LTD 06.11.2023 B CN / Real Estate200k+1kXS1903671938 13.750 103.38 2.70 12.95 1'231


600 MM C [email protected] MERSIN ULUSLARARASI LIMA 15.11.2024 BB- TR / Services200k+1kXS2071397850 5.375 103.60 3.26 4.35 371w

500 MMUSD ARAB REPUBLIC OF EGYPT 20.11.2023 B EG / Sovereign200k+1kXS2079842485 4.550 l 102.64 3.33 3.81 317

300 MM C [email protected], MWC (100bp)USD YANGO JUSTICE INTL 25.11.2023 B CN / Real Estate200k+1kXS2122380822 8.250 99.70 3.12 8.52 788

1 B C [email protected], MWC (50bp)USD BOMBARDIER INC 01.12.2024 CCC+ CA / Industrial2k+1kUSC10602BF38 7.500 l 103.50 3.15 6.53 588w

400 MM Tier 2USD TURKIYE IS BANKASI A.S 10.12.2023 CCC- TR / Banks200k+1kXS1003016018 7.850 l 106.06 3.18 6.11 546

525 MM Secured, C [email protected], MWC (50bp)USD RENEW POWER SYNTHETIC 12.03.2024 BB- IN / Energy200k+1kUSY7275HAA69 6.670 104.50 3.20 5.41 476w

750 MM W/Tax, C 2023@100, GlobalUSD FORD MOTOR CREDIT CO LLC 09.01.2024 BB+ US / Auto200k+1kUS345397YG20 3.810 l 102.02 3.83 3.25 260

1.5 B GlobalUSD REPUBLIC OF SOUTH AFRICA 17.01.2024 BB ZA / Sovereign100k+1kUS836205AQ75 4.665 l 105.63 3.50 3.13 248

1 B Secured, C 2022@106, MWC (100bp)USD CHINA EVERGRANDE GROUP 22.01.2024 B CN / Real Estate200k+1kXS2106834372 12.000 l 98.00 2.96 13.06 1'241

600 MM MWC (50bp)USD WANDA PROPERTIES INTL 29.01.2024 B+ CN / Real Estate200k+1kXS1023280271 7.250 100.88 3.31 7.11 646

470.1 MMUSD POLYUS FINANCE PLC ** 29.01.2024 BB RU / Basic Mat.200k+1kXS1713474325 4.700 l 106.88 3.54 2.84 219

527 MM MWC (50bp)USD STENA AB 01.02.2024 B- SE / Diversified200k+1kUSW8758PAK22 7.000 101.23 3.34 6.74 610





300 MM C [email protected], MWC (50bp)USD UNIFIN FINANCIERA SA DE 12.02.2026 BB MX / Financial200k+1kUSP94461AE36 7.375 102.13 3.34 6.86 621w

750 MM C 2024@100, MWC (50bp)USD FMG RESOURCES AUG 2006 15.05.2024 BB+ AU / Basic Mat.2k+1kUSQ3919KAK71 5.125 l 106.00 3.50 3.51 286c


400 MM Secured, C [email protected], MWC (100bp)USD YANLORD LAND HK CO LTD 27.02.2024 B+ SG / Real Estate200k+1kXS2030531938 6.800 l 103.25 3.44 5.95 530

1.5 B W/Tax, C 2024@100, MWC (50bp), GlobalUSD SASOL FINANCING USA LLC 27.03.2024 BB+ ZA / Chemical200k+1kUS80386WAA36 5.875 l 104.25 3.43 4.74 409c

350 MM Secured, MWC (50bp)USD STENA INTERNATIONAL SA 01.03.2024 BB- SE / Diversified200k+1kUSL62788AA99 5.750 101.92 3.51 5.28 463


1 BUSD REPUBLIC OF SRI LANKA 14.03.2024 B LK / Sovereign200k+1kUSY8137FAN88 6.850 l 102.50 3.36 6.23 558

2.5 B GlobalUSD REPUBLIC OF TURKEY 22.03.2024 B+ TR / Sovereign200k+1kUS900123CF53 5.750 l 103.75 3.49 4.77 412

555 MM C [email protected], MWC (100bp)USD CIFI HOLDINGS GROUP 28.03.2024 BB- CN / Real Estate200k+1kXS1969792800 6.550 l 103.50 3.43 5.65 500

1 B Secured, C [email protected], MWC (100bp)USD CHINA EVERGRANDE GROUP 29.03.2024 B CN / Real Estate200k+1kXS1587867539 9.500 l 90.25 3.07 13.04 1'239

500 MM Secured, C [email protected], MWCUSD CHINA SCE GRP HLDGS LTD 09.04.2024 B CN / Real Estate200k+1kXS1974405893 7.375 102.50 3.39 6.77 612

500 MM SubUSD NORDDEUTSCHE LANDESBANK 10.04.2024 BB DE / Banks200k+200kXS1055787680 6.250 l 104.88 3.49 4.98 432

300 MM SecuredUSD GMR HYDERABAD INTERNATIO 10.04.2024 BB+ IN / Industrial200k+1kUSY3004WAB82 5.375 105.45 3.58 3.96 330

700 MM Secured, C [email protected], MWC (100bp)USD CHINA EVERGRANDE GROUP 11.04.2024 B CN / Real Estate200k+1kXS1982040641 10.500 l 93.45 3.05 12.99 1'234

1 BUSD REPUBLIC OF ZAMBIA 14.04.2024 CCC ZM / Sovereign200k+1kXS1056386714 8.500 l 66.25 2.90 22.37 2'171

440 MM C [email protected], MWC (50bp)USD MN MINING/ENERGY RESOURC 15.04.2024 B- MN / Energy200k+1kUSG61759AA70 9.250 84.00 3.06 15.09 1'444

300 MM W/Tax, C 2024@100, MWC (15bp), GlobalUSD HESS CORP 15.07.2024 BB+ US / Energy2k+1kUS42809HAF47 3.500 l 106.02 3.80 1.97 132c

2 B C [email protected], MWC (50bp)USD BOMBARDIER INC 15.04.2027 CCC+ CA / Industrial2k+1kUSC10602BG11 7.875 l 102.50 3.35 7.29 663w


1.25 BUSD TURKIYE IS BANKASI A.S 25.04.2024 B- TR / Banks200k+1kXS1578203462 6.125 l 101.73 3.53 5.73 507

500 MM C [email protected], MWC (50bp)USD MELCO RESORTS FINANCE 26.04.2026 BB (wl-) HK / Leisure200k+1kUSG5975LAC03 5.250 l 101.13 3.60 5.00 435w


625 MMUSD SAKA ENERGI INDONESIA PT 05.05.2024 BB (wl-) ID / Energy200k+1kUSY7140VAA80 4.450 l 101.38 3.70 4.13 347




500 MMUSD MHP SE 10.05.2024 B UA / Food200k+1kXS1577965004 7.750 106.75 3.47 5.98 533

517.9 MM MWC (40bp)USD BRF SA 22.05.2024 BB- BR / Food200k+1kUSP1905CAE05 4.750 l 104.75 3.74 3.55 290

500 MM W/Tax, C 2024@100, MWC (20bp), GlobalUSD MACYS RETAIL HLDGS INC 01.06.2024 BB+ US / Retail2k+1kUS55616XAL10 3.625 l 103.02 4.23 2.84 218

2 B SukukUSD OMAN SOVEREIGN SUKUK 01.06.2024 BB OM / Sovereign200k+1kXS1620176831 4.397 l 102.75 3.79 3.72 306

300 MM C [email protected], MWC (50bp)USD APL REALTY HLDG PTE LTD 02.06.2024 B ID / Real Estate200k+1kXS1617833584 5.950 82.13 3.47 11.71 1'106

500 MMUSD TURK TELEKOMUNIKASYON AS 19.06.2024 BB- TR / Telecom200k+1kXS1028951264 4.875 l 100.61 3.78 4.77 411

500 MM C 2024@100, MWC (35bp)USD COCA-COLA ICECEK AS 19.09.2024 B+ TR / Food200k+1kXS1577950402 4.215 l 103.25 3.81 3.42 276c

500 MMUSD YAPI VE KREDI BANKASI AS 21.06.2024 B TR / Banks200k+1kXS1634372954 5.850 l 101.66 3.70 5.48 482

1.2 B W/Tax, C 2024@100, MWC (50bp)USD SOFTBANK GROUP CORP 19.09.2024 BB+ JP / Telecom200k+1kXS1684384511 4.750 l 103.13 3.77 3.99 333c

500 MMUSD REPUBLIC OF SRI LANKA 28.06.2024 B LK / Sovereign200k+1kUSY8137FAQ10 6.350 l 100.25 3.66 6.38 572

3.1 B Secured, C [email protected], MWC (100bp)USD KAISA GROUP HOLDINGS LTD 30.06.2024 B CN / Real Estate200k+1kXS1627598094 9.375 l 96.00 3.38 10.82 1'017

600 MM MWC (50bp)USD GREENLAND GLB INVST 03.07.2024 BB- CN / Real Estate200k+1kXS1081321595 5.875 96.50 3.69 6.94 628

500 MMUSD BANK BAHRAIN & KUWAIT 09.07.2024 B BH / Banks200k+1kXS2017807301 5.500 105.25 3.81 4.20 354

300 MM C [email protected] KERNEL HOLDING SA 17.10.2024 B UA / Food200k+1kXS2010040983 6.500 l 103.16 3.67 5.75 509w

600 MM C [email protected], MWC (50bp)USD MELCO RESORTS FINANCE 17.07.2027 BB (wl-) HK / Leisure200k+1kUSG5975LAD85 5.625 l 102.00 3.80 5.17 451w

1 BUSD ABJA INVESTMENT CO 31.07.2024 BB- IN / Basic Mat.200k+1kXS1090889947 5.950 104.38 3.82 4.89 423

335 MM Secured, C [email protected], MWC (50bp)USD WALNUT BIDCO PLC 01.08.2024 B+ CH / Retail200k+1kUSG9410WAA56 9.125 99.47 3.50 9.48 882

750 MM W/Tax, C 2024@100, MWC (20bp), GlobalUSD PLAINS ALL AMER PIPELINE 01.11.2024 BB+ US / Energy2k+1kUS72650RBF82 3.600 l 105.75 4.01 2.23 157c

1 B C [email protected], MWC (50bp)USD VEDANTA RESOURCES LTD 09.08.2024 B- IN / Basic Mat.200k+1kUSG9328DAP53 6.125 l 80.50 3.62 12.29 1'163

2.25 B GlobalUSD REPUBLIC OF TURKEY 10.08.2024 B+ TR / Sovereign200k+1kUS900123CV04 6.350 l 105.40 3.82 5.03 437

750 MM W/Tax, GlobalUSD FORD MOTOR CREDIT CO LLC 08.09.2024 BB+ US / Auto200k+1kUS345397WW97 3.664 l 100.83 4.50 3.49 283

550 MM C [email protected], MWC (50bp)USD LISTRINDO CAPITAL BV 14.09.2026 BB ID / Utilities200k+1kUSN5276YAD87 4.950 102.75 3.92 4.32 365w

300 MMUSD CHEL PIPE PLNT(CHEL FIN) 19.09.2024 BB- RU / Industrial200k+1kXS2010044548 4.500 101.50 3.98 4.18 351

450 MM MWC (45bp)USD BANCO VOTORANTIM 24.09.2024 BB- BR / Banks200k+1kXS2055749720 4.500 105.60 4.02 3.19 252

480 MM C [email protected], MWC (100bp)USD RKPF OVERSEAS 2019 A LTD 30.09.2024 BB- CN / Real Estate200k+1kXS2057076387 6.700 104.13 3.79 5.74 507




600 MM C [email protected], MWC (50bp)USD WYNN MACAU LTD 01.10.2024 B+ MO / Leisure200k+1kUSG98149AC46 4.875 l 100.37 3.96 4.77 411

700 MM C 2024@100, MWC (35bp)USD TUPRAS-TURKIYE PETROL RA 18.10.2024 B+ TR / Energy200k+1kXS1686704948 4.500 l 99.41 4.03 4.70 403

500 MMUSD URALKALI (URALKALI FINAN 22.10.2024 BB RU / Chemical200k+1kXS2010040397 4.000 l 101.88 4.13 3.59 292

400 MM W/Tax, C [email protected], MWC (50bp)USD AZUL INVESTMENTS LLP 26.10.2024 B+ BR / Transport200k+1kUSU0551UAA17 5.875 101.00 3.92 5.64 497

900 MM W/Tax, C 2024@100, MWC (25bp), GlobalUSD DELTA AIR LINES INC 28.10.2024 BB+ US / Transport2k+1kUS247361ZU54 2.900 l 99.79 4.24 2.97 230

500 MM Secured, C 2022@103, MWC (100bp)USD YUZHOU PROPERTIES CO LTD 30.10.2024 B+ CN / Real Estate200k+1kXS2073593274 8.375 l 103.50 3.70 7.60 694

1.5 B W/Tax, C 2024@100, GlobalUSD FORD MOTOR CREDIT CO LLC 01.11.2024 BB+ US / Auto200k+1kUS345397ZX44 4.063 l 102.41 4.65 3.52 285

500 MM C [email protected], MWC (100bp)USD CIFI HOLDINGS GROUP 07.11.2024 BB- CN / Real Estate200k+1kXS2075784103 6.450 l 102.75 3.91 5.85 518

300 MM C [email protected] CHANDRA ASRI PETROCHEMIC 08.11.2024 BB- ID / Chemical200k+1kUSY7141GAA05 4.950 l 99.25 4.04 5.20 453

575 MM Secured, C [email protected] INDIKA ENERGY III PTE 09.11.2024 BB- ID / Energy200k+1kUSY39694AA51 5.875 94.00 3.90 7.55 689

750 MMUSD MTN MAURITIUS INVSTMENTS 11.11.2024 BB+ ZA / Telecom200k+1kXS1128996425 4.755 l 104.88 4.11 3.64 297

2.5 B GlobalUSD REPUBLIC OF TURKEY 14.11.2024 B+ TR / Sovereign200k+1kUS900123CW86 5.600 l 103.00 4.01 4.93 426

2.0 B W/Tax, MWC (50bp), GlobalUSD DISH DBS CORP 15.11.2024 B- US / Comm.2k+1kUS25470XAW56 5.875 l 105.10 4.68 4.70 403

425 MM C 2024@100, MWC (50bp)USD VIRGIN AUSTRALIA HOLDING 15.11.2024 B- AU / Transport2k+1kUSQ94606AH52 8.125 87.00 3.59 12.16 1'149


300 MMUSD UZBEK INDUSTRIAL AND CON 02.12.2024 BB- UZ / Banks200k+1kXS2083131859 5.750 105.50 4.06 4.49 382

1 BUSD FEDERAL REP OF ETHIOPIA 11.12.2024 B ET / Sovereign200k+1kXS1151974877 6.625 l 106.63 4.01 5.10 443

750 MM C 2024@100, MWCUSD KOC HOLDING AS 11.03.2025 B+ TR / Diversified200k+1kXS1961766596 6.500 l 106.71 3.96 4.96 429c


700 MM MWC (100bp)USD CFLD CAYMAN INVESTMENT 13.01.2025 BB- CN / Real Estate200k+1kXS2100597330 8.050 98.45 3.88 8.62 795

500 MM Secured, C 2023@103, MWC (100bp)USD KAISA GROUP HOLDINGS LTD 15.01.2025 B CN / Real Estate200k+1kXS2101310196 10.500 l 99.25 3.66 10.98 1'031

500 MM Secured, C [email protected], MWC (50bp)USD FUTURE RETAIL LTD 22.01.2025 BB- IN / Retail200k+1kUSY267BJGT59 5.600 99.20 4.16 5.87 520

300 MM C [email protected], MWC (50bp)USD GLOBAL PRIME CAPITAL 23.01.2025 BB- ID / Real Estate200k+1kXS2050614796 5.950 100.00 4.14 6.04 536


500 MMUSD ITAU UNIBANCO HLDG SA/KY 24.01.2025 BB- BR / Banks200k+1kUS46556KAB26 3.250 l 102.20 4.47 2.78 211




800 MMUSD BANCO BRADESCO (CAYMAN) 27.01.2025 BB- BR / Banks200k+1kUS05947LAZ13 3.200 l 102.75 4.48 2.61 194

600 MMUSD CREDIT BANK OF MOSCOW (C 29.01.2025 BB- RU / Banks200k+1kXS2099763075 4.700 99.25 4.29 4.93 426

1 BUSD BNQ CEN TUNISIA INT BOND 30.01.2025 B TN / Sovereign200k+1kXS1175223699 5.750 l 95.89 4.14 6.86 619

500 MM Secured, C [email protected], MWC (50bp)USD MEDCO PLATINUM ROAD PTE 30.01.2025 B+ ID / Energy200k+1kUSY59505AA82 6.750 99.50 4.07 6.99 631

600 MM Secured, C [email protected], MWC (50bp)USD RIO ENERGY SA/UGEN SA 01.02.2025 CCC (wl-) AR / Energy150k+1kUSP8S12UAA35 6.875 63.50 3.62 19.39 1'872

350 MM Secured, C [email protected], MWC (50bp)USD STENA INTERNATIONAL SA 01.02.2025 BB- SE / Diversified200k+1kUSL62788AB72 6.125 100.46 4.14 6.08 540

1 B W/Tax, Step Rtg, C 2025@100, MWC (25bp), GlobalUSD WESTERN MIDSTREAM OPERAT 01.02.2025 BB+ US / Energy2k+1kUS958667AB34 3.100 100.83 4.49 2.93 226

750 MMUSD OMAN GOV INTERNTL BOND 01.02.2025 BB OM / Sovereign200k+1kXS1944412664 4.875 l 102.00 4.30 4.46 379

750 MMUSD TURKIYE VAKIFLAR BANKASI 05.02.2025 B TR / Banks200k+1kXS2112797290 5.250 l 97.18 4.23 6.01 533

400 MM C [email protected], MWC (50bp)USD ALPHA HOLDING SA 10.02.2025 B+ (wl+) MX / Financial200k+1kUSP1000TAB37 9.000 101.75 3.88 8.74 806

1.25 BUSD ESKOM HOLDINGS SOC LTD 11.02.2025 CCC+ ZA / Utilities200k+1kXS1187065443 7.125 l 102.00 4.08 6.75 607

500 MM C [email protected] VFU FUNDING (VF UKRAINE) 11.02.2025 B RU / Telecom200k+1kXS2114201622 6.200 98.75 4.15 6.60 593

350 MM C [email protected], MWC (50bp)USD OP SERVICIOS MEGA 11.02.2025 BB MX / Financial200k+1kUSP73699BH55 8.250 103.75 3.98 7.46 678

600 MM W/Tax, Secured, C 2024@100, MWC (30bp), GlobalUSD QVC INC 15.02.2025 BB US / Retail2k+1kUS747262AU78 4.450 103.01 4.94 3.78 310

400 MM C [email protected], MWCUSD NOSTRUM OIL & GAS FIN BV 16.02.2025 CCC- KZ / Energy200k+1kUSN64884AD67 7.000 48.00 3.31 28.22 2'754


800 MM C [email protected], MWC (50bp)USD TULLOW OIL PLC 01.03.2025 CCC+ GH / Energy200k+1kUSG91237AA87 7.000 l 70.00 3.80 16.60 1'592

300 MM C [email protected], MWC (100bp)USD RKPF OVERSEAS 2019 A LTD 05.03.2025 BB- CN / Real Estate200k+1kXS2127855711 5.900 99.75 4.26 6.05 537

2 B GlobalUSD REPUBLIC OF TURKEY 13.03.2025 B+ TR / Sovereign200k+1kUS900123CX69 4.250 l 96.50 4.42 5.11 443

500 MMUSD AKBANK TAS 31.03.2025 B TR / Banks200k+1kXS1210422074 5.125 l 98.88 4.29 5.45 477


1 BUSD LAMAR FUNDING LTD 07.05.2025 BB OM / Utilities200k+1kXS1117297355 3.958 l 96.98 4.54 4.68 399

850 MM C [email protected], MWC (50bp)USD NEPTUNE ENERGY BONDCO 15.05.2025 B+ GB / Energy200k+1kUSG64252AA01 6.625 94.50 4.17 8.09 741

300 MMUSD TATA MOTORS LTD 20.05.2025 BB- IN / Auto200k+1kXS2079668609 5.875 l 103.00 4.37 5.27 459





650 MMUSD REPUBLIC OF SRI LANKA 03.06.2025 B LK / Sovereign200k+1kUSY8137FAC24 6.125 l 96.88 4.31 6.96 627

1 B MWC (50bp)USD BHARTI AIRTEL LTD 10.06.2025 BB+ IN / Telecom200k+1kUSY0889VAA80 4.375 l 106.71 4.65 3.01 232


700 MMUSD REPUBLIC OF GABON 16.06.2025 CCC+ GA / Sovereign200k+1kXS1245960684 6.950 l 106.63 4.34 5.56 487

300 MMUSD LS FINANCE 2025 LTD 26.06.2025 BB HK / Retail200k+1kXS1248248343 4.500 97.00 4.59 5.22 453

4.7 B Secured, C [email protected], MWCUSD CHINA EVERGRANDE GROUP 28.06.2025 B CN / Real Estate200k+1kXS1627599654 8.750 l 85.88 3.93 12.85 1'216

567 MM C 2023@103, MWC (100bp)USD CIFI HOLDINGS GROUP 16.07.2025 BB- CN / Real Estate200k+1kXS2099272846 6.000 l 99.50 4.47 6.20 551

450 MM C [email protected], MWC (50bp)USD UNIFIN FINANCIERA SA DE 27.01.2028 BB MX / Financial200k+1kUSP9485MAA73 8.375 103.75 4.23 7.65 696w

300 MM Secured, C 2023@103, MWC (100bp)USD KAISA GROUP HOLDINGS LTD 23.07.2025 B CN / Real Estate200k+1kXS2106329134 9.950 l 96.75 4.00 11.05 1'035

535 MM Secured, C [email protected], MWC (50bp)USD GREENKO SOLAR MAURITIUS 29.07.2026 BB+ IN / Energy200k+1kUSV3855GAB69 5.950 103.50 4.55 5.26 457w

800 MM W/Tax, C [email protected], MWC (50bp), GlobalUSD AMC NETWORKS INC 01.08.2025 BB- US / Comm.2k+1kUS00164VAE39 4.750 l 100.73 5.39 4.57 387

750 MM W/Tax, C [email protected], MWC (50bp), GlobalUSD UNITED STATES STEEL CORP 15.08.2025 B- US / Basic Mat.1k+1kUS912909AM02 6.875 l 89.75 4.31 9.54 884

600 MM W/Tax, C [email protected], MWC (50bp), GlobalUSD FREEPORT-MCMORAN INC 01.09.2027 BB US / Basic Mat.2k+1kUS35671DCC74 5.000 l 104.00 4.75 4.22 352w

750 MM C [email protected], MWC (50bp)USD WYNN MACAU LTD 01.10.2027 B+ MO / Leisure200k+1kUSG98149AD29 5.500 l 100.50 4.62 5.47 477w

500 MM MWC (50bp)USD TURKCELL ILETISIM HIZMET 15.10.2025 B+ TR / Telecom200k+1kXS1298711729 5.750 l 103.43 4.65 5.10 440

300 MM C [email protected], MWC (50bp)USD HPCL-MITTAL ENERGY LTD 22.10.2026 BB- IN / Energy200k+1kXS2052949968 5.450 103.50 4.71 4.79 409w

750 MMUSD REPUBLIC OF NAMIBIA 29.10.2025 BB NA / Sovereign200k+1kXS1311099540 5.250 l 104.63 4.77 4.36 366

1.5 BUSD REPUBLIC OF SRI LANKA 03.11.2025 B LK / Sovereign200k+1kUSY8137FAE89 6.850 l 100.15 4.50 6.93 623


647.7 MM C 2026@100, MWC (50bp)USD METINVEST BV 23.04.2026 B UA / Basic Mat.200k+1kXS1806400708 8.500 103.45 4.44 7.91 720c

775 MM W/Tax, C [email protected], MWC (50bp), GlobalUSD LEVEL 3 FINANCING INC 15.03.2026 BB- US / Telecom1k+1kUS527298BM48 5.250 l 106.45 6.01 1.41 69

500 MM W/Tax, Dom., C 2026@100, MWC (50bp)USD WESTERN MIDSTREAM OPERAT 01.07.2026 BB+ US / Energy2k+1kUS958254AF13 4.650 106.89 5.23 3.41 270c

550 MMUSD MHP LUX SA 03.04.2026 B UA / Food200k+1kXS1713469911 6.950 102.75 4.76 6.50 578

1.5 B GlobalUSD REPUBLIC OF TURKEY 14.04.2026 B+ TR / Sovereign200k+1kUS900123CJ75 4.250 l 95.25 5.18 5.23 452




1.25 B W/Tax, GlobalUSD REPUBLIC OF SOUTH AFRICA 14.04.2026 BB ZA / Sovereign200k+1kUS836205AT15 4.875 l 105.66 5.17 3.86 315

600 MM C [email protected], MWC (100bp)USD VEDANTA RESOURCES 23.04.2026 B- IN / Basic Mat.200k+1kUSG9T27HAA24 9.250 l 85.50 4.21 13.13 1'241

650 MM Secured, C [email protected] MEDCO OAK TREE PTE LTD 14.05.2026 B+ ID / Energy200k+1kUSY59501AA78 7.375 99.63 4.77 7.59 687


500 MM W/Tax, C [email protected], MWC (50bp), GlobalUSD TENNECO INC 15.07.2026 B- US / Auto2k+1kUS880349AR61 5.000 l 86.11 5.15 7.97 724

1 BUSD REPUBLIC OF SRI LANKA 18.07.2026 B LK / Sovereign200k+1kUSY8137FAF54 6.825 l 98.25 5.01 7.30 658


1.5 B W/Tax, C 2026@100, GlobalUSD FORD MOTOR COMPANY 08.12.2026 BB+ US / Auto2k+1kUS345370CR99 4.346 l 101.19 5.55 4.18 345c

500 MM MWC (45bp)USD BRF GMBH 29.09.2026 BB- BR / Food200k+1kUSA08163AA41 4.350 l 104.00 5.57 3.69 296

3 B GlobalUSD REPUBLIC OF TURKEY 09.10.2026 B+ TR / Sovereign200k+1kUS900123CK49 4.875 l 97.50 5.43 5.40 467

522.6 MM SecuredUSD DELHI INTL AIRPORT 31.10.2026 BB IN / Services200k+1kUSY2R27RAB56 6.125 107.00 5.35 4.94 420

417.0 MM C [email protected], MWC (100bp)USD THETA CAPITAL PTE LTD 31.10.2026 B- ID / Real Estate200k+1kXS1506085114 6.750 l 90.75 5.03 8.79 806

750 MM W/Tax, C 2026@100, MWC (25bp), GlobalUSD WESTINGHOUSE AIR BRAKE 15.11.2026 BB+ US / Industrial2k+1kUS960386AL46 3.450 105.11 6.68 2.60 187

350 MM Secured, MWC (100bp), PutUSD COUNTRY GARDEN HLDGS 15.12.2026 BB CN / Real Estate200k+1kXS1512953040 5.625 l 102.75 5.52 5.20 447

500 MM SukukUSD MUMTALAKAT SUKUK HOLDING 21.01.2027 B+ BH / Financial200k+1kXS2103157991 4.100 l 101.53 5.91 3.88 314

650 MM Secured, C [email protected], MWC (50bp)USD MEDCO BELL PTE LTD 30.01.2027 B+ ID / Energy200k+1kUSY56607AA51 6.375 91.00 5.35 8.27 753

700 MM C 2027@100, MWC (50bp)USD NEXA RESOURCES SA 04.05.2027 BB PE / Basic Mat.200k+1kUSP98118AA38 5.375 106.13 5.65 4.39 364c

500 MMUSD TMK PJSC 12.02.2027 B+ RU / Industrial200k+1kXS2116222451 4.300 99.25 5.90 4.48 373

575 MM W/Tax, Secured, C 2026@100, MWC (50bp), GlobalUSD QVC INC 15.02.2027 BB US / Retail2k+1kUS747262AY90 4.750 99.79 5.80 4.84 410

400 MM SukukUSD DAR AL-ARKAN SUKUK CO LT 26.02.2027 B+ SA / Real Estate200k+1kXS2124942595 6.875 97.98 5.41 7.38 664

2 BUSD OMAN GOV INTERNTL BOND 08.03.2027 BB OM / Sovereign200k+1kXS1575967218 5.375 l 101.50 5.77 5.18 444

700 MM W/Tax, Dom., C 2026@100, MWC (50bp)USD GOODYEAR TIRE & RUBBER 15.03.2027 B+ US / Auto1k+1kUS382550BG56 4.875 l 101.00 5.74 4.76 401

3.25 B GlobalUSD REPUBLIC OF TURKEY 25.03.2027 B+ TR / Sovereign200k+1kUS900123CL22 6.000 l 102.65 5.55 5.62 487

1 B SukukUSD CBB INTL SUKUK PRGM SPC 30.03.2027 B+ BH / Sovereign200k+1kXS2058943734 4.500 104.00 5.91 3.88 314




375 MM MWCUSD HPCL-MITTAL ENERGY LTD 28.04.2027 BB- IN / Energy200k+1kXS1599758940 5.250 101.50 5.79 5.06 431

1.5 BUSD REPUBLIC OF SRI LANKA 11.05.2027 B LK / Sovereign200k+1kUSY8137FAH11 6.200 l 93.13 5.50 7.59 684

500 MMUSD OMGRID FUNDING LTD 16.05.2027 BB+ OM / Utilities200k+1kXS1577964536 5.196 l 103.25 5.94 4.71 396

1.8 B W/Tax, C 2027@100, MWC (50bp)USD SOFTBANK GROUP CORP 19.09.2027 BB+ JP / Telecom200k+1kXS1684384867 5.125 l 103.50 5.90 4.61 385c


600 MM C 2027@100, MWC (50bp)USD FMG RESOURCES AUG 2006 15.09.2027 BB+ AU / Basic Mat.2k+1kUSQ3919KAM38 4.500 l 101.00 6.17 4.39 362

500 MM C 2027@100, MWC (50bp)USD JAGUAR LAND ROVER AUTOMO 01.10.2027 B+ GB / Auto200k+1kUSG5002FAM89 4.500 l 83.50 5.97 7.52 676

500 MM C 2027@100, MWC (40bp)USD REDE D'OR FINANCE SARL 17.01.2028 BB- BR / Healthcare200k+1kUSL7915RAA43 4.950 106.25 6.29 4.03 326c

500 MM SukukUSD MAZOON ASSETS CO SAOC 08.11.2027 BB+ OM / Utilities200k+1kXS1577945824 5.200 l 103.88 6.18 4.65 388

1 B Secured, C [email protected], MWC (50bp)USD CEMEX SAB DE CV 19.11.2029 BB MX / Industrial200k+1kUSP2253TJN02 5.450 l 103.50 6.15 4.96 419w

1.5 BUSD REPUBLIC OF NIGERIA 28.11.2027 B NG / Sovereign200k+1kXS1717011982 6.500 l 100.50 5.88 6.52 575

1.5 BUSD ISLAMIC REP OF PAKISTAN 05.12.2027 B- PK / Sovereign200k+1kXS1729875598 6.875 l 106.50 5.91 5.90 513

500 MM C 2028@100, MWC (50bp)USD TURKCELL ILETISIM HIZMET 11.04.2028 BB- TR / Telecom200k+1kXS1803215869 5.800 l 102.38 6.10 5.50 472c

1.7 B W/Tax, Dom., C [email protected], MWC (50bp)USD UNITED RENTALS NORTH AM 15.01.2028 BB- US / Services2k+1kUS911365BG81 4.875 l 101.00 7.85 4.73 396

999.7 MM W/Tax, C 2027@100, MWC (50bp), GlobalUSD CONTINENTAL RESOURCES 15.01.2028 BB+ US / Energy2k+1kUS212015AS02 4.375 l 98.70 6.51 4.63 385


500 MM W/Tax, C 2028@100, MWC (25bp), GlobalUSD DELTA AIR LINES INC 19.04.2028 BB+ US / Transport2k+1kUS247361ZN12 4.375 l 106.07 6.53 3.52 274c

3 B MWC (50bp)USD REPUBLIC OF ECUADOR 23.01.2028 B- EC / Sovereign200k+1kXS1755429732 7.875 l 69.75 5.10 14.94 1'417

1 BUSD ABJA INVESTMENT CO 24.01.2028 BB- IN / Basic Mat.200k+1kXS1753595328 5.450 98.00 6.24 5.85 508

1 B C [email protected], MWC (50bp)USD CSN ISLANDS XI CORP 28.01.2028 B BR / Basic Mat.200k+1kUSG2583XAB76 6.750 l 92.50 5.87 8.21 744

2 B GlobalUSD REPUBLIC OF TURKEY 17.02.2028 B+ TR / Sovereign200k+1kUS900123CP36 5.125 l 97.46 6.39 5.60 482


1.25 BUSD REPUBLIC OF SRI LANKA 18.04.2028 B LK / Sovereign200k+1kUSY8137FAL23 6.750 l 93.75 5.90 7.96 717

1.75 BUSD REPUBLIC OF ANGOLA 09.05.2028 B- AO / Sovereign200k+1kXS1819680288 8.250 l 103.60 5.79 7.79 701

750 MM W/Tax, C 2028@100, MWC (50bp), GlobalUSD SASOL FINANCING USA LLC 27.09.2028 BB+ ZA / Chemical200k+1kUS80386WAB19 6.500 l 106.00 6.23 5.67 488c




400 MM W/Tax, C 2028@100, MWC (30bp), GlobalUSD WESTERN MIDSTREAM OPERAT 15.08.2028 BB+ US / Energy2k+1kUS958254AK08 4.750 104.34 8.43 4.16 337

2 B GlobalUSD REPUBLIC OF SOUTH AFRICA 12.10.2028 BB ZA / Sovereign200k+1kUS836205AU87 4.300 l 100.75 7.00 4.24 344

2 B GlobalUSD REPUBLIC OF TURKEY 24.10.2028 B+ TR / Sovereign200k+1kUS900123CQ19 6.125 l 103.15 6.51 5.74 494

2.125 B MWC (50bp)USD REPUBLIC OF ECUADOR 31.01.2029 B- EC / Sovereign200k+1kXS1929376710 10.750 l 73.75 4.88 17.15 1'634

1.4 BUSD REPUBLIC OF SRI LANKA 14.03.2029 B LK / Sovereign200k+1kUSY8137FAP37 7.850 l 98.50 6.09 8.25 744

1.487 B W/Tax, C 2029@100, GlobalUSD FORD MOTOR CREDIT CO LLC 03.05.2029 BB+ US / Auto200k+1kUS345397ZR75 5.113 l 103.17 9.15 4.73 391


350 MMUSD MHP LUX SA 19.09.2029 B UA / Food200k+1kXS2010044894 6.250 98.75 6.85 6.53 570

500 MMUSD REPUBLIC OF ARMENIA 26.09.2029 BB- AM / Sovereign200k+1kXS2010043904 3.950 l 102.60 7.78 3.66 283

2 B GlobalUSD REPUBLIC OF SOUTH AFRICA 30.09.2029 BB ZA / Sovereign200k+1kUS836205BA15 4.850 l 102.44 7.45 4.58 376

500 MMUSD METINVEST BV 17.10.2029 B UA / Basic Mat.200k+1kXS2056723468 7.750 98.13 6.44 8.19 736

750 MM C 2029@100, MWC (50bp)USD BRF SA 24.01.2030 BB BR / Food200k+1kUSP1905CJX94 4.875 l 104.00 7.61 4.41 358c

1 B C 2029@100, MWC (45bp)USD GRUPO AVAL LTD 04.02.2030 BB CO / Banks200k+1kUSG42045AC15 4.375 l 101.85 7.79 4.18 335c

600 MM W/Tax, C 2029@100, MWC (30bp), GlobalUSD CYRUSONE LP/CYRUSONE FIN 15.11.2029 BB+ US / Real Estate2k+1kUS23283PAR55 3.450 l 105.45 9.68 2.81 198

1.75 BUSD REPUBLIC OF ANGOLA 26.11.2029 B- AO / Sovereign200k+1kXS2083302419 8.000 l 100.88 6.52 8.02 719

1 B C [email protected], MWC (50bp)USD WYNN MACAU LTD 15.12.2029 B+ MO / Leisure200k+1kUSG98149AE02 5.125 l 97.50 7.47 5.53 470

500 MM MWC (50bp)USD GLOBO COMMUNICACOES PART 22.01.2030 BB+ BR / Comm.200k+1kUSP47777AB69 4.875 l 105.25 7.78 4.26 343

1.2 B W/Tax, Step Rtg, C 2029@100, MWC (35bp), GlobalUSD WESTERN MIDSTREAM OPERAT 01.02.2030 BB+ US / Energy2k+1kUS958667AC17 4.050 101.04 9.90 3.96 312

750 MM MWC (45bp)USD CENTRAIS ELETRICAS BRASI 04.02.2030 BB- BR / Utilities200k+1kUSP22835AB13 4.625 103.75 7.88 4.20 336

1.25 BUSD REPUBLIC OF NIGERIA 23.02.2030 B NG / Sovereign200k+1kXS1777972511 7.143 l 100.70 7.02 7.17 633



-- High Yield USD --

Abbreviations

Call and Put Features

c: The yield is calculated on the next call date

p: The yield is calculated on the next put date

w: The yield is calculated on a call/put date, but not the next one

Called: The call option has been exercised

Coupon Types

FRN: Floating Rate Note - The coupon is reset every quarter

FTF: Fix-To-Float or Float-To-Fix - A specific case of variable coupon

ILB: Inflation Linked Bond - The coupon is linked to a inflation indicator

PIK: Pay in Kind - The coupon is paid with debt or stock instead of cash

VAR: Variable Coupon - The coupon changes during the life of the bond

Various

** This bond is part of our bond picking / investment case selection

* This issuer is part of our bond picking / investment case selection

Cpn: Currency of coupon - used for dual currencies bonds

Dom.: Domestic bonds - Bonds issued on a domestic market

Into...: Convertible into ....

LT2: Lower Tier 2 - A specific rank of subordinated debt

LTM or LTW: Life to Maturity or Life to Workout

MWC: Make Whole Call - A specific type of call provision

Rdp: Currency of redemption - used for dual currencies bonds

Rdpt: Price of redemption - indicated when it is different than 100%

Sub: Subordinated - In case of default, the debt is reimbursed after the senior debts

UT2: Upper Tier 2 - A specific rank of subordinated debt

This document has been issued by bridport & cie sa. It has been prepared solely for informational purposes and

should not be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any security or

instrument or to participate in any transaction or trading activity. The contents are based on sources believed to

be reliable, accurate and complete. No representations or guarantees are hereby made as regards the accuracy

or completeness of the information contained herein and such information does not replace the advice or

recommendations of a qualified professional, which prospective investors (whether individual or institutional) are

strongly encouraged to seek. No responsibility whatsoever is hereby accepted for any damage arising out of or in

connection with the use of the information contained in this document, whether direct or indirect and whether

arising in contract, tort or otherwise. For the avoidance of doubt, this document is neither an offer, a contractual

document or any form of recommendation. Any information (including prices, availability and expressions) in this

document is purely indicative and is subject to change without notice. This document may not be copied,

distributed, reproduced or transmitted for any purpose without bridport & cie sa’s prior consent in writing.

Coupon Frequency

S-A: Semi-annual

Qtrly: Quarterly

Mthly: Monthly

Amount

k: Thousand

MM: Million

B: Billion

Taxes and Restrictions

GU: Gross Up - All bonds are subject to EU tax for European residents (35%),

unless written ‘GU’ (Gross-Up)

W/Tax: Subject to a Withholding Tax

RegS: A bond issued for non-US investors only

144A: A placement designed for US investors only

CoCos: Contingent convertibles - Please, note that this class of asset is subject to

sales restrictions to retail investors in some jurisdictions (UK for instance)

Price Options

a: Adjusted price

d: Dirty price

u : Unit traded

The Value Rank ascertains if the D/Swap of the bond is amongst the cheapest or the most expensive of

comparable bonds in terms of both rating and life to workout date.

Every week, we check the liquidity of each bond in our database. Our proprietary Liquidity Rank helps

identifying bonds that match client’s liquidity needs.

Our Credit Review Model classifies issuers according to their debt sustainability.

Each company's ratio is compared to its sector and to its rating median ratios.

The ESG consensus is an assessment methodology offering easy comparison of any portfolio or fund. It

guaranties a consistent approach and avoids any methodological bias. It is based on amulti scan of several

independent complementary and recognized ESG sources. It covers a universe of more than 5’000 companies

and over 200 countries. ESG report shows also implication in Sensitive Sectors, Major Controversies and

Climate Impact. ESG Data is provided by Conser (www.conser.ch). More details on the methodology can be

discussed with your usual sales contact.

- 25 -bridport & cie sa Geneva +41 (22) 817 70 00

bridport & co ltd Jersey +44 (1534) 887 448

bridport & co ag Zurich +41 (44) 567 37 00

Documents

High Yield USD...-- High Yield USD --USD Bond list (Sorted by Workout Date) Isin Ccy Cpn Issuer Maturity Amnt Out. Ask Yield D/Swap PiecesDurat. ESG Rating MiscellaneousCty / Sector