ULUSLARARASI SERMAYE PİYASALARI - GÜNLÜK RAPOR 29/05/2018

1 ULUSLARARASI SERMAYE PİYASALARI - GÜNLÜK RAPOR 29/05/2018 Eurotahvil Piyasaları ABD ve İngiltere nin tatil olduğu haftanın ilk işlem gününde görece düşük hacimli de olsa Avrupa tahvillerinde genel olarak alıcılı seyir izlendi. Almanya 10 yıl vadeli tahvil getirisi 6,1 baz puan daralarak %0,34 seviyesine çekilirken benzer vadeli Fransa kıymetinin getirisinde 2,4 baz puan gerileme takip edildi. İtalya da seçim sonrası yaşanan belirsizliğin ise ülke 10 yıllık tahvillerine satış getirdiği gözlendi. Getiriler 21 baz puan yükselerek %2,65 seviyesine ulaştı. Gelişmekte olan ülke piyasalarının eurotahvillerinde Londra tatili sebebiyle önemli bir değişiklik gözlenmedi. Oldukça düşük hacimli olan Türkiye kıymetlerinde yatay seyir takip edildi.. ABD & Avrupa Hisse Senedi Piyasaları Haftanın ilk işlem gününde hisse senedi piyasalarında satıcılı seyir hakimdi. ABD ve İngiltere nin tatil olması sebebiyle işlem hacmi düşük kalırken, hükümetin kurulamamasıyla birlikte İtalya nın yeniden seçime gidiyor olması risk iştahında azalmaya yol açtı. İtalya ya yönelik endişelerin artması Euro da değer kaybına yol açarken, Suudi Arabistan ve Rusya nın olası bir üretim artışını görüşeceklerini açıklaması petrol fiyatlarında düşüşe yol açtı. Avrupa da Euro Stoxx 50 %0,93 ve CAC 40 %0,61 değer kaybetti. DAX endeksi ise %0,58 düşüşle günü 12863,46 puan seviyesinde sonlandırdı. Altyapı %0,26 ve zorunlu tüketim malları sektörü %0,15 değer kazandı. IT %1,01, sanayi %0,68, finans sektörü ise %0,63 oranında düşüş kaydetti. Lufthansa %1,35, Adidas %0,90 ve Covestro %0,79 primlendi. Bayer %2,85, Commerzbank %2,37, Volkswagen ise %1,75 geriledi. Tatil dolayısıyla bugün açıklanan önemli bir veri yoktu. Yarın ise Japonya da Nisan ayı işsizlik verileri ile ABD Mayıs ayı Conference Board tüketici güven endeksi takip edilecek. Emtia & FX Vadeli Kontratları (Futures) ABD ve İngiltere nin tatil olduğu haftanın ilk işlem gününde emtia piyasalarında işlem hacminin sınırlı kaldığı görüldü. Tarım ürünleri ve LME nin kapalı olduğu günde, enerji grubu satış ağırlıklı seyrederken değerli metallerde net bir yön çizilemediği gözlendi. Açılışta sert satışa maruz kalarak $1301,60 a kadar gerileyen Ağustos vadeli altın, kısa sürede toparlandı. Günün büyük bölümünü $1300-$1304 aralığında geçiren değerli metalde en düşük $1299,90, en yüksek $1305,70 seviyesi kaydedildi. Önemli bir haber akışı gözlenmemekle birlikte, sabah saatlerinde Comex bakırda sert düşüş yaşandı. Yaklaşık %1,5 kayıpla $3,03 seviyesine gerileyen Temmuz vadeli bakır, gün içerisinde toparlanarak $3,0650 lere geldi. Petrolde geçen hafta başlayan düşüş bugün de devam etti. Güne %0,5 kayıpla başlayan Temmuz vadeli WTI petrol, günün büyük bölümünde $66,50-$67,00 bandında işlem görerek günü %2,08 kayıpla $66,47 seviyesinde sonlandırdı. $75,00-$75,50 bandında hareket eden aynı vadeli brent petrol ise günü %1,25 kayıpla $75,50 bölgesinde tamamladı. Güne Asya seansında gelen alımlarla başlayan EURUSD paritesi, 1,1728 seviyesine kadar yükseldi fakat bu seviyede tutunmayı başaramadı. İtalya seçimleri ertesinde sürmekte olan belirsizliğin etkisiyle 1,1608 e kadar gerileyen parite, Kasım ayından bu yana görülen en düşük seviyeyi kaydetmiş oldu. Yine Asya da gelen alımlarla 1,3341 e kadar tırmanan GBPUSD ise gün boyu yön bulmakta zorlandı. Öğleden sonra satış baskısı altında kalan paritenin 1,33 seviyesinin altına çekildiği gözlendi. Benchmark Tahviller Fiyat Getiri Türkiye 96.991 6.404 Brezilya 94.750 5.329 Rusya 97.368 4.658 Güney Afrika 97.700 5.155 ABD 100.203 2.851 Almanya 102.398 0.246 5 Yıllık CDS GIP Değişim (bps) Türkiye 259-8 Brezilya 193 2 Rusya N/A N/A Güney Afrika N/A N/A Hisse Senedi Piyasaları Kapanış Değişim % Dow Jones 24,753.09-0.24 S&P 500 2,721.33-0.24 NASDAQ 7,433.85 0.13 Almanya 12,666.04-1.53 İngiltere 7,629.27-1.31 Fransa 5,424.93-1.52 Japonya 22,358.43-0.55 Şangay 3,120.46-0.47 Hong Kong 30,484.58-1.00 Brezilya 75,355.84-4.49 Emtia Piyasaları Kapanış Değişim % Petrol 67.880-4.00 Altın 1,298.105-0.28 Gümüş 16.476-0.21 Bakır 6,885.00 0.07 Döviz Dünkü Seviye Değişim % EUR/USD 1.1625-0.22 USD/JPY 109.4200 0.01 USD/CAD 1.2993 0.15 GBP/USD 1.3311 0.02 AUD/USD 0.7546-0.03 NZD/USD 0.6942 0.36 USD/CNH 6.4225 0.13 USD/TRY 4.6046-2.80 USD/RUB 62.8088 0.02 USD/ZAR 12.6548-0.29 Futures Dünkü Seviye Değişim % Dow Jones Mini 24,730.00-0.29 S&P 500 Mini 2,718.25-0.34 DAX 12,877.00-0.43 EUR/USD 1.1680-0.56 TREASURY 10Y 119.86 0.30

2 Şirket Adı ISINKodu Para Birimi Kupon Vade Alış Satış Alış Getiri Satış Getiri Kredi Notu (Moody's / Fitch) Miktar (M) Minimum Fiyat Performansı 1A ( ) 1Y( ) Türkiye US900123BD15 USD 7.00 11/03/2019 101.715 102.215 4.72 4.08 Ba2/BB+ 1,500 100,000-1.03% N/A US900123BF62 USD 7.50 07/11/2019 103.620 104.120 4.86 4.50 Ba2/BB+ 1,500 100,000-1.57% -5.83% US900123AX87 USD 7.00 05/06/2020 103.431 103.931 5.18 4.93 Ba2/BB+ 2,000 2,000-1.95% N/A US900123BH29 USD 5.63 30/03/2021 100.686 101.186 5.36 5.17 Ba2/BB+ 2,000 100,000-2.33% -5.16% US900123BY51 USD 5.13 25/03/2022 98.451 98.951 5.58 5.43 Ba2/BB+ 1,000 200,000-2.61% -5.24% US900123BZ27 USD 6.25 26/09/2022 102.131 102.631 5.68 5.55 Ba2/BB+ 2,500 200,000-2.91% -6.25% US900123CA66 USD 3.25 23/03/2023 90.221 90.721 5.59 5.47 Ba2/BB+ 1,500 200,000-2.29% -4.18% US900123CF53 USD 5.75 22/03/2024 98.781 99.281 6.00 5.90 Ba2/BB+ 2,500 200,000-2.70% N/A US900123AW05 USD 7.38 05/02/2025 105.728 106.228 6.31 6.22 Ba2/BB+ 3,250 2,000-3.70% N/A US900123CJ75 USD 4.25 14/04/2026 87.817 88.317 6.23 6.14 Ba2/BB+ 1,500 200,000-2.87% -8.29% US900123CK49 USD 4.88 09/10/2026 90.627 91.127 6.34 6.25 Ba2/BB+ 3,000 200,000-2.99% -8.85% US900123CP36 USD 5.13 17/02/2028 90.499 90.999 6.45 6.38 Ba2/BB+ 2,000 200,000-3.37% N/A US900123CQ19 USD 6.13 24/10/2028 96.000 96.500 6.66 6.59 Ba2/BB+ 2,000 200,000 N/A N/A US900123CL22 USD 6.00 25/03/2027 97.094 97.594 6.44 6.36 Ba2/BB+ 3,250 200,000-3.41% -9.38% US900123AL40 USD 11.88 15/01/2030 138.149 139.399 7.02 6.89 Ba2/BB+ 1,500 1,000-5.95% -13.76% US900123AT75 USD 8.00 14/02/2034 108.528 109.528 7.09 6.99 Ba2/BB+ 1,500 2,000-5.16% N/A US900123AY60 USD 6.88 17/03/2036 97.759 98.759 7.10 7.00 Ba2/BB+ 2,750 2,000-4.66% N/A US900123BB58 USD 7.25 05/03/2038 101.624 102.624 7.09 7.00 Ba2/BB+ 1,000 2,000-4.64% N/A US900123BG46 USD 6.75 30/05/2040 95.655 96.655 7.14 7.05 Ba2/BB+ 2,000 100,000-4.90% -14.96% US900123BJ84 USD 6.00 14/01/2041 88.866 89.616 6.99 6.91 Ba2/BB+ 3,000 200,000-3.68% -14.17% US900123CB40 USD 4.88 16/04/2043 77.683 78.433 6.74 6.66 Ba2/BB+ 3,000 200,000-2.68% -13.80% US900123CG37 USD 6.63 17/02/2045 92.926 93.676 7.23 7.16 Ba2/BB+ 3,000 200,000-4.86% N/A US900123CM05 USD 5.75 11/05/2047 84.876 85.626 6.97 6.90 Ba2/BB+ 3,500 200,000-3.20% N/A XS0285127329 EUR 5.88 02/04/2019 103.465 103.840 1.67 1.24 Ba2/BB+ 1,250 50,000-1.12% N/A XS0503454166 EUR 5.13 18/05/2020 105.813 106.313 2.07 1.82 Ba2/BB+ 2,000 50,000-1.68% N/A XS0993155398 EUR 4.35 12/11/2021 106.272 106.772 2.43 2.28 Ba2/BB+ 1,250 100,000-1.61% N/A XS1057340009 EUR 4.13 11/04/2023 104.406 105.031 3.13 3.00 Ba2/BB+ 1,000 100,000-2.49% N/A XS1629918415 EUR 3.25 14/06/2025 95.732 96.357 3.96 3.85 Ba2/BB+ 1,000 100,000-3.83% N/A AKBANK XS1111101314 USD 4.00 24/01/2020 97.430 98.180 5.65 5.16 Ba2/BB+ 500 200,000-1.72% -2.70% AKBANK USM0375YAK49 USD 5.00 24/10/2022 95.018 95.768 6.31 6.11 Ba2/BB+ 500 150,000-3.22% -5.56% AKBANK XS1210422074 USD 5.13 31/03/2025 90.290 91.040 6.93 6.78 Ba2/BB+ 500 200,000-4.67% N/A AKBANK XS1574750292 USD 7.20 16/03/2027 95.714 96.964 8.27 8.07 B2/BB 500 200,000-5.59% -8.78% AKBANK XS1772360803 USD 6.80 27/04/2028 90.500 91.500 8.32 8.16 B2/BB 400 200,000-8.12% N/A ALBARAKA XS1082151868 USD 6.25 30/06/2019 99.550 100.550 6.68 5.71 NA/NA 350 200,000 0.12% -1.61% ALBARAKA XS1301525207 USD 10.50 30/11/2025 100.959 102.959 10.06 9.15 NA/NA 250 200,000 0.20% -5.91% ALTERNATİFBANK XS1089556358 USD 3.13 22/07/2019 96.991 98.491 5.88 4.49 NA/A 250 200,000-1.41% -2.76% ALTERNATİFBANK XS1396282177 USD 8.75 16/04/2026 97.536 100.536 9.74 8.53 Ba3/BB+ 300 200,000-3.02% N/A ANADOLU EFES XS0848940523 USD 3.38 01/11/2022 92.330 93.080 5.35 5.14 Ba1/NA 500 200,000-2.48% -3.06% ARÇELİK XS1109959467 EUR 3.88 16/09/2021 101.290 102.290 3.45 3.13 NA/BB+ 350 100,000-3.40% -3.55% ARÇELİK XS0910932788 USD 5.00 03/04/2023 93.040 93.790 6.71 6.51 NA/BB+ 500 200,000-3.24% -7.73% BANK ASYA XS0907295942 USD NA 28/03/2023 30.000 40.000 NA NA WR/NA 250 200,000-9.09% N/A COCA-COLA XS0975576165 USD 4.75 01/10/2018 99.793 100.136 5.34 4.31 Ba1/BBB 500 200,000-0.51% N/A COCA-COLA XS1577950402 USD 4.22 19/09/2024 92.878 93.878 5.57 5.37 Ba1/BBB 500 200,000-3.95% N/A EXPORT CREDIT BANK XS0774764152 USD 5.88 24/04/2019 99.935 100.685 5.94 5.08 Ba2/NA 750 200,000-1.34% N/A EXPORT CREDIT BANK XS1345632811 USD 5.38 08/02/2021 97.480 98.230 6.41 6.09 Ba2/BB+ 500 200,000-2.76% N/A EXPORT CREDIT BANK XS1028943089 USD 5.00 23/09/2021 95.556 96.306 6.51 6.25 Ba2/BB+ 500 200,000-2.88% -6.14% EXPORT CREDIT BANK XS1684378208 USD 4.25 18/09/2022 90.908 91.658 6.72 6.50 Ba2/BB+ 500 200,000-3.72% N/A EXPORT CREDIT BANK XS1496463297 USD 5.38 24/10/2023 92.924 93.674 6.97 6.79 Ba2/BB+ 500 200,000-4.77% N/A EXPORT CREDIT BANK XS1814962582 USD 6.13 03/05/2024 94.793 95.543 7.22 7.06 Ba2/BB+ 500 200,000-4.79% N/A FİBABANKA XS1711581337 USD 6.00 25/01/2023 92.782 95.782 7.88 7.08 NA/BB- - 200,000-5.03% N/A FİBABANKA XS1386178237 USD 7.75 24/11/2027 95.411 98.411 8.66 8.15 NA/B+ 300 200,000-4.51% N/A FİNANSBANK XS1063442484 USD 6.25 30/04/2019 100.321 101.071 5.88 5.03 Ba2/BBB- 500 200,000-1.12% N/A FİNANSBANK XS1613091500 USD 4.88 19/05/2022 93.525 94.275 6.76 6.54 Ba2/BBB- 750 200,000-2.25% N/A GARANTİ XS1084838496 EUR 3.38 08/07/2019 100.590 102.090 2.82 1.45 Ba2/BBB- 500 100,000-1.78% -2.79% GARANTİ XS1057541838 USD 4.75 17/10/2019 98.900 99.650 5.58 5.01 Ba2/BBB- 750 200,000-1.55% -3.56% GARANTİ USM8931TAA71 USD 6.25 20/04/2021 100.256 101.006 6.15 5.86 Ba2/BBB- 500 200,000-2.38% N/A GARANTİ USM8931TAF68 USD 5.25 13/09/2022 95.150 95.900 6.56 6.36 Ba2/BBB- 750 200,000-3.77% -6.44% GARANTİ XS1576037284 USD 5.88 16/03/2023 96.014 96.764 6.86 6.67 Ba2/BBB- 500 200,000-4.12% -7.42% GARANTİ XS1617531063 USD 6.13 24/05/2027 92.326 93.576 7.83 7.63 B1/BB+ 750 200,000-4.49% N/A GLOBAL LİMAN XS1132825099 USD 8.13 14/11/2021 101.025 101.900 7.66 7.26 B1/BB- 250 200,000-0.58% -3.92% HALK BANKASI XS1069383856 USD 4.75 04/06/2019 96.314 97.814 8.63 7.03 Ba3/BB+ *- 500 200,000-1.78% -4.17% HALK BANKASI XS0882347072 USD 3.88 05/02/2020 91.051 92.551 9.77 8.73 Ba3/BB+ *- 750 200,000-2.81% -6.58% HALK BANKASI XS1188073081 USD 4.75 11/02/2021 90.370 91.870 8.84 8.16 Ba3/BB+ *- 500 200,000-3.47% -8.44% HALK BANKASI XS1439838548 USD 5.00 13/07/2021 90.675 92.175 8.46 7.87 Ba3/BB+ *- 500 200,000-3.83% -8.60% İŞ BANKASI XS0808632250 USD 3.75 10/10/2018 99.163 99.663 6.09 4.67 Ba2/BB+ 750 200,000-0.55% -1.00% İŞ BANKASI XS0982644774 USD 5.50 21/04/2019 99.185 99.935 6.45 5.57 Ba2/BB+ 500 200,000-1.51% N/A İŞ BANKASI XS1121459074 USD 5.00 30/04/2020 96.821 97.571 6.79 6.36 Ba2/BB+ 750 200,000-2.70% -4.34% İŞ BANKASI XS1079527211 USD 5.00 25/06/2021 94.141 94.891 7.16 6.87 Ba2/BB+ 750 200,000-3.81% -6.35% İŞ BANKASI XS1390320981 USD 5.38 06/10/2021 94.327 95.077 7.31 7.05 Ba2/BB+ 750 200,000-4.17% N/A İŞ BANKASI XS1508390090 USD 5.50 21/04/2022 93.465 94.215 7.46 7.23 Ba2/BB+ 600 200,000-4.86% N/A İŞ BANKASI XS0847042024 USD 6.00 24/10/2022 91.220 92.720 8.43 7.99 B1/BB 1,000 200,000-6.25% -9.50% İŞ BANKASI XS1003016018 USD 7.85 10/12/2023 98.647 100.647 8.16 7.70 B2/BB 400 200,000-5.18% -8.14% İŞ BANKASI XS1578203462 USD 6.13 25/04/2024 91.868 92.618 7.87 7.70 Ba2/BB+ 1,250 200,000-5.25% N/A İŞ BANKASI XS1623796072 USD 7.00 29/06/2028 90.709 91.959 8.85 8.65 B2/BB 500 200,000-7.23% N/A KOÇ HOLDİNG XS0922615819 USD 3.50 24/04/2020 96.570 97.320 5.42 4.99 Ba1/NA 750 200,000-1.87% -3.66% KOÇ HOLDİNG XS1379145656 USD 5.25 15/03/2023 96.180 96.930 6.18 5.99 Ba1/NA 750 200,000-4.50% N/A KUVEYT TÜRK XS1079236169 USD 5.16 26/06/2019 99.483 100.983 5.66 4.21 NA/BBB- 500 200,000-1.23% N/A

3 KUVEYT TÜRK XS1323608635 USD 7.90 17/02/2026 100.905 103.905 7.52 6.30 NA/BB+ 350 200,000-2.02% N/A MERSİN LİMAN XS0957598070 USD 5.88 12/08/2020 100.190 100.690 5.70 5.27 Ba1/BBB- 450 200,000-1.31% -4.64% ODEABANK XS1655085485 USD 7.63 01/08/2027 91.103 92.353 9.57 9.36 B2/B+ 300 200,000-3.90% N/A ŞİŞECAM XS0927634807 USD 4.25 09/05/2020 97.911 98.786 5.40 4.91 Ba1/NA 500 200,000-1.58% -2.65% TSKB XS1117601796 USD 5.38 30/10/2019 98.518 99.518 6.48 5.73 Ba2/BB+ 350 200,000-1.99% -3.93% TSKB XS1219733752 USD 5.13 22/04/2020 96.604 97.604 7.07 6.49 Ba2/BB+ 350 200,000-2.69% -4.36% TSKB XS1412393172 USD 4.88 18/05/2021 94.125 95.125 7.11 6.71 Ba2/BB+ 300 200,000-3.52% -5.18% TSKB XS1750996206 USD 5.50 16/01/2023 89.423 90.423 8.30 8.01 Ba2/BB+ 350 200,000-7.07% N/A TSKB XS1584113184 USD 7.63 29/03/2027 94.140 97.140 9.01 8.51 B2/BB- 300 200,000-5.03% N/A TURKCELL XS1298711729 USD 5.75 15/10/2025 97.010 97.760 6.26 6.13 Ba1/BBB- 500 200,000-3.09% -7.52% TURKCELL XS1803215869 USD 5.80 11/04/2028 92.000 93.000 6.93 6.78 NA/BBB- 500 200,000-5.15% N/A TÜRK TELEKOM XS1028952155 USD 3.75 19/06/2019 98.630 99.130 5.10 4.60 NA/BBB- 500 200,000-0.75% -2.49% TÜRK TELEKOM XS1028951264 USD 4.88 19/06/2024 91.770 92.520 6.54 6.38 NA/BBB- 500 200,000-4.85% -8.21% TÜRKİYE FİNANS XS1057852912 USD 5.38 24/04/2019 100.500 101.000 4.79 4.23 NA/BBB- 500 200,000-0.50% -2.43% VAKIFLAR BANKASI XS0987355939 USD 5.00 31/10/2018 99.424 100.174 6.39 4.56 Ba2/BB+ 500 200,000-0.73% -2.10% VAKIFLAR BANKASI XS1077629225 EUR 3.50 17/06/2019 99.707 101.207 3.79 2.32 Ba2/BB+ 500 100,000-1.98% -2.52% VAKIFLAR BANKASI XS1403416222 EUR 2.38 04/05/2021 99.344 99.803 2.61 2.44 Baa2/NA 500 100,000-1.88% N/A VAKIFLAR BANKASI XS1508914691 USD 5.50 27/10/2021 94.328 95.078 7.41 7.15 Ba2/BB+ 500 200,000-4.61% N/A VAKIFLAR BANKASI XS1622626379 USD 5.63 30/05/2022 92.120 92.870 7.96 7.73 Ba2/BB+ 500 200,000-5.66% N/A VAKIFLAR BANKASI XS0849728190 USD 6.00 01/11/2022 90.667 92.167 8.58 8.14 B2/BB 672 200,000-6.26% -8.68% VAKIFLAR BANKASI XS1760780731 USD 5.75 30/01/2023 90.755 91.505 8.17 7.96 Ba2/BB+ 650 200,000-6.31% N/A VAKIFLAR BANKASI XS1175854923 USD 6.88 03/02/2025 95.667 96.667 8.77 8.57 B3/BB 500 200,000-4.20% N/A VAKIFLAR BANKASI XS1551747733 USD 8.00 01/11/2027 93.174 95.174 9.46 9.13 B3/BB 228 200,000-7.73% N/A YAPI KREDİ XS0994815016 USD 5.25 03/12/2018 99.875 100.375 5.50 4.49 Ba2/BBB- 500 200,000-0.73% N/A YAPI KREDİ XS1028938915 USD 5.13 22/10/2019 99.119 99.869 5.79 5.22 Ba2/BBB- 550 200,000-1.27% -2.86% YAPI KREDİ XS0874840688 USD 4.00 22/01/2020 95.565 96.315 6.89 6.39 Ba2/BBB- 500 200,000-2.55% -3.70% YAPI KREDİ XS0861979440 USD 5.50 06/12/2022 89.706 91.206 8.28 7.85 Ba3/BB+ 1,000 200,000-5.99% -9.12% YAPI KREDİ XS1571399754 USD 5.75 24/02/2022 94.332 95.082 7.52 7.27 Ba2/BBB- 600 200,000-4.71% -7.34% YAPI KREDİ XS1634372954 USD 5.85 21/06/2024 90.836 91.586 7.77 7.61 Ba2/BBB- 500 200,000-5.23% N/A YAPI KREDİ XS1376681067 USD 8.50 09/03/2026 100.191 101.691 8.41 7.80 B1/BB+ 500 200,000-4.42% -6.77% YAPI KREDİ XS1788516679 USD 6.10 16/03/2023 93.241 93.991 7.81 7.62 Ba2/BBB- 500 200,000-5.08% N/A YAŞAR HOLDİNG XS1132450427 USD 8.88 06/05/2020 90.523 91.648 14.67 13.94 B2/B 250 200,000-6.88% N/A ZİRAAT BANKASI XS1083936028 USD 4.25 03/07/2019 97.806 98.556 6.36 5.63 Ba2/BB+ 750 200,000-1.71% -3.06% ZİRAAT BANKASI XS1223394914 USD 4.75 29/04/2021 93.764 94.514 7.16 6.86 Ba2/BB+ 500 200,000-4.04% -6.60% ZİRAAT BANKASI XS1605397394 USD 5.13 03/05/2022 92.161 92.911 7.46 7.23 Ba2/BB+ 600 200,000-5.37% N/A ZİRAAT BANKASI XS1691349010 USD 5.13 29/09/2023 89.219 89.969 7.62 7.44 Ba2/BB+ 500 200,000-6.64% N/A PETKİM XS1747548532 USD 5.88 26/01/2023 88.405 93.405 8.97 7.58 B1/B 500 200,000-7.78% N/A TÜPRAŞ XS1686704948 USD 4.50 18/10/2024 91.311 92.061 6.17 6.01 Ba1/BBB- 700 200,000-3.50% N/A Brezilya US105756BT66 BRL 8.50 05/01/2024 100.125 100.500 8.65 8.56 Ba2/BB- 3,150 350,000-3.49% 2.69% US105756AR10 USD 8.88 15/04/2024 123.000 124.250 4.39 4.18 Ba2/BB- 1,029 1,000-0.81% N/A US105756BV13 USD 4.25 07/01/2025 97.200 97.600 4.75 4.68 Ba2/BB- 4,300 200,000-1.07% -1.37% US105756AE07 USD 10.13 15/05/2027 136.000 137.000 5.07 4.96 Ba2/BB- 838 1,000-2.16% N/A US105756BB58 USD 8.25 20/01/2034 120.500 121.350 6.18 6.11 Ba2/BB- 1,502 1,000-2.82% N/A BANCO DO BRASIL USP3772WAF97 USD 9.00 PERP 101.750 102.500 8.62 8.46 B2/NA 2,170 200,000-5.48% 0.74% BRASKEM USG1315RAD38 USD 5.75 15/04/2021 103.550 104.300 4.42 4.15 Ba1/BBB- 1,000 200,000-0.79% -2.08% BRASKEM USG1315RAG68 USD 5.38 02/05/2022 102.300 103.050 4.72 4.52 Ba1/BBB- 500 200,000-0.78% N/A BRASKEM US10553YAF25 USD 6.45 03/02/2024 105.850 106.600 5.24 5.09 Ba1/BBB- 750 200,000-3.11% -1.53% BRF USP1905CAE05 USD 4.75 22/05/2024 88.600 89.600 7.12 6.90 Ba2/BBB- 750 200,000-3.70% -8.66% CSN ISLANDS XI USG2583XAA93 USD 6.88 21/09/2019 99.700 100.450 7.11 6.50 B3/B- *- 547 100,000-0.55% 14.60% FIBRIA US31572UAE64 USD 5.25 12/05/2024 101.000 101.750 5.05 4.91 Ba1/BBB- 600 2,000-2.18% N/A ITAU UNIBANCO US46556MAF95 USD 5.65 19/03/2022 100.550 101.300 5.49 5.27 Ba3/B+ 1,250 200,000-2.38% -4.24% JBS USA29866AA70 USD 7.75 28/10/2020 102.150 102.900 6.13 5.22 NA/BB- 1,000 200,000 0.25% N/A MARFRIG USN54468AD05 USD 6.88 24/06/2019 101.700 102.300 5.21-0.57 B2/BB- 508 200,000-0.05% N/A PETROBRAS US71645WAR25 USD 5.38 27/01/2021 102.750 103.250 4.27 4.07 Ba2/BB- 1,217 2,000-1.06% 1.13% PETROBRAS US71647NAP42 USD 8.38 23/05/2021 111.750 112.150 4.14 4.01 Ba2/BB- 1,240 2,000-0.89% N/A PETROBRAS US71647NAF69 USD 4.38 20/05/2023 96.000 96.500 5.30 5.18 Ba2/BB- 3,500 2,000-1.29% 1.32% PETROBRAS US71647NAM11 USD 6.25 17/03/2024 102.600 103.100 5.71 5.61 Ba2/BB- 2,500 2,000-2.52% 0.24% PETROBRAS XS0716979595 EUR 5.88 07/03/2022 113.600 114.000 2.08 1.98 Ba2/BB- 600 100,000-1.43% 1.97% PETROBRAS XS0982711714 EUR 4.75 14/01/2025 106.950 107.450 3.55 3.47 Ba2/BB- 800 100,000-2.77% 3.13% PETROBRAS US71647NAN93 USD 6.85 05/06/2115 90.500 91.350 7.57 7.50 Ba2/BB- 2,500 2,000-2.16% 2.26% SUZANO USG8600UAA19 USD 5.88 23/01/2021 103.000 103.750 4.65 4.36 Ba1/BBB- 186 100,000-1.90% -2.60% VOTORANTIM USP98088AA83 USD 7.25 05/04/2041 103.650 104.650 6.93 6.84 Ba2/BBB- 1,151 200,000-4.56% N/A VOTORANTIM USP98088AA83 USD 7.25 05/04/2041 103.650 104.650 6.93 6.84 Ba2/BBB- 1,151 200,000-4.56% N/A VALE US91911TAM53 USD 4.38 11/01/2022 100.650 101.250 4.18 4.00 Ba1/BBB+ 1,469 2,000-0.35% -1.08% Rusya XS0504954347 USD 5.00 29/04/2020 102.489 102.839 3.64 3.45 Ba1/BBB- 3,500 100,000 0.35% N/A XS0971721450 USD 4.88 16/09/2023 104.230 104.580 3.98 3.91 Ba1/BBB- 3,000 200,000 0.82% -3.98% XS0088543193 USD 12.75 24/06/2028 162.350 162.950 4.85 4.79 Ba1/BBB- 2,500 10,000 0.42% N/A XS0971721963 USD 5.88 16/09/2043 106.650 107.390 5.39 5.34 Ba1/BBB- 1,500 200,000-1.00% -8.89% ALFA BANK XS0620695204 USD 7.75 28/04/2021 106.945 108.445 5.15 4.61 Ba1/BB+ 1,000 200,000 0.18% -6.39% GAZPROM XS0424860947 USD 9.25 23/04/2019 104.670 105.170 3.89 3.35 Baa3/BBB- 2,250 100,000-0.01% -6.38% GAZPROM XS0906946008 EUR 3.39 20/03/2020 103.210 103.910 1.57 1.18 Baa3/BBB- 1,000 100,000 0.16% N/A GAZPROM XS0290580595 USD 6.51 07/03/2022 105.970 106.770 4.76 4.53 Baa3/BBB- 1,300 100,000 0.07% N/A GAZPROMBANK XS0987109658 EUR 3.98 30/10/2018 100.605 101.305 2.46 0.82 Ba2/BB+ 1,000 100,000-0.10% -3.26% GAZPROMBANK XS0779213460 USD 7.25 03/05/2019 101.740 102.640 5.29 4.30 B2/BB 500 200,000 1.01% -4.92% GAZPROMBANK XS0975320879 USD 7.50 28/12/2023 100.000 101.000 7.48 5.70 NR/BB 750 200,000 2.04% N/A LUKOIL XS0461926569 USD 7.25 05/11/2019 104.686 105.286 3.85 3.43 Baa3/BBB+ 600 100,000 0.50% -5.60%

4 LUKOIL XS0554659671 USD 6.13 09/11/2020 104.576 105.176 4.13 3.88 Baa3/BBB+ 1,000 200,000 0.63% -4.80% LUKOIL XS0304274599 USD 6.66 07/06/2022 107.272 107.972 4.65 4.47 Baa3/BBB+ 500 100,000 0.41% N/A LUKOIL XS0919504562 USD 4.56 24/04/2023 99.220 99.920 4.74 4.58 Baa3/BBB+ 1,500 200,000 0.50% -3.76% NORILSK XS1298447019 USD 6.63 14/10/2022 105.650 106.650 5.16 4.91 Baa3/BBB- *- 1,000 200,000 0.33% -6.50% PROMSVYAZ BANK XS1086084123 USD 10.50 30/07/2021 0.010 8.000 NA 166.03 C/WD - 200,000 0.00% -99.99% ROSNEFT XS0861981180 USD 4.20 06/03/2022 97.280 98.180 5.00 4.73 Baa3/WD 2,000 200,000-0.11% -3.78% RUSSIAN AGRI BANK XS0979891925 USD 8.50 16/10/2023 106.712 108.212 6.98 6.66 NR/NA 500 200,000-0.58% -7.51% RUSSIAN STD BANK XS1117280625 USD 13.00 27/10/2022 20.000 30.000 70.75 52.65 NA/NA 545 164,000 0.00% -68.25% SBERBANK XS0799357354 USD 5.18 28/06/2019 101.019 101.719 4.20 3.54 Ba1/BBB- 1,000 200,000 0.14% -4.02% SBERBANK XS0638572973 USD 5.72 16/06/2021 102.500 103.500 4.82 4.47 Ba1/BBB- 1,000 200,000-0.12% N/A SBERBANK XS0848530977 USD 5.13 29/10/2022 98.819 99.719 5.43 5.20 Ba2/BB+ 2,000 200,000-0.19% -5.66% SBERBANK XS0935311240 USD 5.25 23/05/2023 98.806 99.706 5.53 5.32 NA/BB+ 1,000 200,000-0.42% -5.34% SBERBANK XS1032750165 USD 5.50 26/02/2024 100.270 101.170 5.11 3.87 NA/BB+ 1,000 200,000 0.71% -2.53% VIP XS0643183220 USD 7.50 01/03/2022 106.875 107.875 5.45 5.17 Ba2/BB+ 601 200,000 0.12% N/A VNESHECONOMBANK XS0993162170 USD 4.22 21/11/2018 99.791 100.391 4.67 3.38 NA/BBB- 850 200,000 0.00% -2.60% VTB BANK XS0842078536 USD 6.95 17/10/2022 101.739 102.639 6.48 6.25 Ba3/WD 1,412 200,000-1.10% -6.98% Venezuella US922646AT10 USD 13.63 15/08/2018 31.000 34.000 1068.39 931.76 C/WD 753 1,000-17.77% -61.25% US922646AS37 USD 9.25 15/09/2027 30.550 31.350 32.39 31.72 C/WD 4,000 1,000-3.02% -42.36% US922646BL74 USD 9.38 13/01/2034 32.000 33.000 29.23 28.43 C/WD 1,500 2,000-4.19% -34.16% USP17625AB33 USD 9.25 07/05/2028 29.300 30.300 31.85 31.01 C/WD 2,000 100 0.86% -39.46% USP17625AC16 USD 12.75 23/08/2022 30.250 31.250 55.45 54.01 C/WD 3,000 100-4.57% -49.46% USP17625AD98 USD 11.95 05/08/2031 30.700 31.700 37.48 36.42 C/WD 4,200 100-2.23% -44.63% USP17625AE71 USD 11.75 21/10/2026 30.550 31.450 38.16 37.29 C/WD 3,000 100-3.48% -45.35% USP97475AN08 USD 7.75 13/10/2019 29.300 30.200 124.36 120.72 C/WD 2,496 100 0.69% -47.91% PDVSA USP7807HAM71 USD 12.75 17/02/2022 27.100 28.000 65.43 63.77 NA/C 3,000 100-14.65% -55.32% PDVSA XS0294364954 USD 5.38 12/04/2027 24.500 25.250 30.94 30.22 NA/C 3,000 400-8.75% -36.86% Meksika US91087BAA89 USD 3.60 30/01/2025 96.850 97.250 4.14 4.07 A3/BBB+ 2,454 200,000-0.15% -4.11% US91086QBF46 USD 4.60 23/01/2046 91.300 92.050 5.20 5.14 A3/BBB+ 3,000 200,000-0.22% -5.88% BBVA BANCOMER USP16259AB20 USD 6.50 10/03/2021 103.850 104.600 4.99 4.71 Baa3/BBB- 1,250 150,000-4.51% N/A BBVA BANCOMER USP16259AK29 USD 4.38 10/04/2024 98.500 99.250 4.67 4.52 A3/A- 750 150,000-4.83% -4.83% CFELEC USP30179AM09 USD 4.88 15/01/2024 100.750 101.500 4.72 4.57 Baa1/BBB+ 1,250 200,000-1.71% N/A CEMEX USP2253TJD20 USD 6.50 10/12/2019 103.000 104.000 NA NA NA/WD - 200,000 0.00% -2.37% CEMEX USP2253TJE03 USD 5.70 11/01/2025 98.500 99.250 5.98 5.84 NA/BB- 1,071 200,000-2.96% N/A CEMEX USP22575AF47 USD 7.25 15/01/2021 103.750 104.750 NA NA NA/WD - 200,000 0.00% N/A CEMEX USU12763AD75 USD 6.00 01/04/2024 101.750 102.750 5.49 5.20 NA/BB- 1,000 200,000-1.21% -3.78% PEMEX XS1379158048 EUR 5.13 15/03/2023 110.100 110.600 2.84 2.73 Baa3/BBB+ 900 100,000-3.12% -2.78% PEMEX US71654QBG64 USD 3.50 30/01/2023 94.550 95.050 4.82 4.69 Baa3/BBB+ 2,100 10,000 0.32% N/A PEMEX US71656MAF68 USD 6.63 PERP 96.150 97.150 6.95 6.88 Baa3/BBB+ 1,000 10,000-1.89% -3.85% Arjantin US040114GL81 USD 8.28 31/12/2033 103.700 104.700 7.75 7.61 B2/WD 3,966 1-3.58% -7.16% US040114GK09 USD 2.50 31/12/2038 63.150 63.750 7.68 7.61 B2/WD 5,297 1-3.14% -5.04% YPF SOCIEDAD USP989MJBE04 USD 8.50 28/07/2025 104.500 105.500 7.67 7.49 B2/B 1,500 1,000-4.30% -7.73% Güney Afrika US836205AN45 USD 5.50 09/03/2020 103.246 103.546 3.59 3.42 Baa3/BB+ 1,619 100,000-0.25% -2.87% US836205AQ75 USD 4.67 17/01/2024 99.493 99.993 4.77 4.67 Baa3/BB+ 1,500 100,000-0.04% -3.30% US836205AR58 USD 5.88 16/09/2025 104.448 104.948 5.13 5.05 Baa3/BB+ 2,000 200,000-0.47% -4.61% US836205AS32 USD 5.38 24/07/2044 92.768 93.393 5.92 5.87 Baa3/BB+ 1,000 200,000-0.57% N/A ANGLOGOLD US03512TAC53 USD 5.13 01/08/2022 100.910 101.540 4.88 4.71 Baa3/NA 750 1,000-1.08% -3.34% ESKOM XS0579851949 USD 5.75 26/01/2021 99.791 100.541 5.83 5.52 B3/NA 1,750 200,000 0.10% -2.45% ESKOM XS1187065443 USD 7.13 11/02/2025 101.296 102.046 6.88 6.74 B3/NA 1,250 200,000-0.92% -3.89% TRANSNET XS0809571739 USD 4.00 26/07/2022 96.526 97.026 4.93 4.80 Baa3/BB+u 1,000 200,000-0.31% -1.50% ZAR SOV CAPITAL FUND XS1113141441 USD 3.90 24/06/2020 100.006 100.631 3.90 3.58 Baa3/BB+ 500 200,000-0.19% N/A Azerbaycan XS1044540547 USD 4.75 18/03/2024 100.660 101.160 4.62 4.52 Ba2/BB+ 1,250 200,000 1.16% -1.27% SOCAR XS0903465127 USD 4.75 13/03/2023 99.542 100.042 4.86 4.74 Ba2/BB+ 1,000 200,000 0.13% 0.88% SOCAR XS1196496688 USD 6.95 18/03/2030 108.240 109.240 5.97 5.85 NR/BB+ 750 200,000 0.87% 0.04%

5 Gürcistan GEORGIAN RAILWAY XS0800346362 USD 7.75 11/07/2022 104.250 104.250 6.55 6.55 NA/B+ 500 200,000-2.91% -5.34% Kazakistan XS1120709669 USD 3.88 14/10/2024 100.374 100.874 3.81 3.72 Baa3/BBB 1,500 200,000 0.26% N/A XS1263054519 USD 5.13 21/07/2025 106.914 107.414 4.00 3.92 Baa3/BBB 2,500 200,000 0.27% N/A XS1120709826 USD 4.88 14/10/2044 98.382 99.132 4.99 4.93 Baa3/BBB 1,000 200,000-0.15% N/A XS1263139856 USD 6.50 21/07/2045 119.467 120.217 5.16 5.11 Baa3/BBB 1,500 200,000 0.12% N/A KAZAGRO XS0934609016 USD 4.63 24/05/2023 97.210 98.210 5.27 5.04 Ba1/BBB- 961 200,000-0.41% -2.82% KAZKOMMERTSBANK XS0867478124 USD 5.50 21/12/2022 99.000 100.000 5.75 5.38 NA/BB- *+ 750 1-0.15% 8.20% Yunanistan GR0114030555 EUR 3.50 30/01/2023 98.300 99.000 3.90 3.73 NA/B 4,356 1-4.00% N/A GR0124034688 EUR 3.75 30/01/2028 92.900 93.400 4.68 4.61 NA/B 5,963 1-5.93% N/A GR0128015725 EUR 3.90 30/01/2033 89.200 89.700 4.95 4.90 NA/B 6,091 1-5.16% N/A GR0133011248 EUR 4.00 30/01/2037 85.700 86.200 5.21 5.17 NA/B 4,805 1-6.95% N/A GR0138015814 EUR 4.20 30/01/2042 86.000 86.500 5.24 5.20 NA/B 4,604 1-6.62% N/A GRR000000010 EUR 0.00 15/10/2042 0.349 0.409 NA NA NA/NA 62,383 100-8.40% N/A Çin BANK OF CHINA US06120TAA60 USD 5.00 13/11/2024 102.848 103.083 4.49 4.44 Baa3/BBB+ 3,000 200,000 0.80% -3.87% CENTRAL CHINA XS0937236783 USD 6.50 04/06/2018 100.000 100.100 6.30-2.42 B1/NA 400 200,000-0.10% -1.23% CHINA SHANSHUI XS1200439609 USD 7.50 10/03/2020 80.000 84.000 21.61 18.43 NA/WD 427 200,000 0.00% 3.90% CNPC HK USG21895AC44 USD 5.95 28/04/2041 120.182 121.369 4.53 4.45 A2/A+ 500 200,000-1.32% -2.93% HUARONG FINANCE XS1165659357 USD 4.50 16/01/2020 100.955 101.132 3.89 3.77 Baa1/A 1,200 200,000 0.20% -2.19% IND & COMM BANK USY39656AA40 USD 6.00 PERP 102.450 102.550 4.24 4.18 Ba2/NA 2,940 200,000 0.39% -2.71% Hindistan JSW STEEL LTD XS1133588233 USD 4.75 12/11/2019 100.200 100.600 4.60 4.32 Ba2/BB 500 200,000-0.42% -0.79% RELIANCE HOLDINGS US759468AC51 USD 5.40 14/02/2022 104.570 104.898 4.06 3.96 Baa2/NA 1,500 250,000 0.11% -4.66% Endonezya PERTAMINA USY7138AAA89 USD 5.25 23/05/2021 104.000 104.375 3.82 3.69 Baa2/BBB 1,000 200,000 0.48% N/A Peru UNACEM USP9451YAC77 USD 5.88 30/10/2021 101.000 101.750 5.43 5.09 Ba2/NA 625 150,000-2.08% -1.94% Birleşik Arap Emirlikleri (Sukuk) JAFZ SUKUK 2019 XS0794821453 USD 7.00 19/06/2019 103.409 103.909 3.67 3.19 Baa2/BBB+ 650 200,000-0.31% -4.87% DIP SUKUK LTD XS1035007530 USD 4.29 20/02/2019 99.880 100.130 4.45 4.10 NA/NA 300 200,000-0.25% -2.20% EMAAR SUKUK LTD XS0805885349 USD 6.40 18/07/2019 103.126 103.626 3.56 3.11 Baa3/NA 500 200,000-0.26% -4.02% DIB SUKUK LTD XS1241110300 USD 2.92 03/06/2020 98.250 98.750 3.83 3.57 A3/A 750 200,000-0.13% -1.63% EMG SUKUK XS1075401726 USD 4.56 18/06/2024 98.875 99.375 4.78 4.68 Baa2/NA 750 200,000-2.47% -5.27% ABU DHABI NATIONAL XS0863524277 USD 3.63 12/01/2023 97.500 98.000 4.23 4.10 A3/A 1,250 200,000-0.38% N/A EMIRATES XS0885065887 USD 4.50 06/02/2025 98.500 99.500 4.76 4.59 NA/NA 500 200,000 2.07% -2.38%