BONOS CORPORATIVOS LATAM

viernes 6 de julio de 2018 BONOS CORPORATIVOS LATAM 5,00 11/07/2018 Rating Brasil USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 8,375% 101,639 104,285 10/12/2018-1,884% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 5,375% 100,877 103,485 27/01/2021 3,922% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 8,375% 108,846 111,356 23/05/2021 4,131% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 6,125% 102,060 104,653 17/01/2022 4,674% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 4,375% 94,512 96,828 20/05/2023 5,119% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 6,250% 99,650 103,550 17/03/2024 5,512% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 5,299% 93,634 96,295 27/01/2025 5,991% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 8,750% 109,567 112,236 23/05/2026 6,720% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 7,375% 101,138 103,779 17/01/2027 6,783% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 5,999% 92,243 94,782 27/01/2028 6,749% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 5,750% 89,303 91,962 01/02/2029 6,830% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 6,875% 92,835 95,291 20/01/2040 7,312% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 6,750% 90,988 93,978 27/01/2041 7,298% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 5,625% 82,600 85,607 20/05/2043 6,836% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 7,250% 93,841 96,751 17/03/2044 7,537% 10.000 USD PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 6,850% 85,396 88,300 05/06/2115 7,757% 10.000 EUR PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 3,750% 104,950 105,846 14/01/2021 1,371% 100.000 EUR PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 5,875% 111,012 113,810 07/03/2022 1,942% 100.000 EUR PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 4,250% 105,481 108,319 02/10/2023 2,539% 100.000 EUR PETROBRAS GLOBAL FINANCE Oil&Gas Ba2 BB- BB- 4,750% 103,578 106,342 14/01/2025 3,646% 100.000 Los precios que aquí aparecen son totalmente indicativos, agradecemos se comuniquen con la mesa de operaciones para actualizar los mismos. Al adoptar una decisión de invertir, los inversores deben basarse exclusivamente en su propio análisis de los instrumentos que se les ofrecen, de las características de los mismos y de los riesgos involucrados en su decisión de invertir. El inversor debe tener en cuenta que GBU (Grupo Bursátil Uruguayo) Sociedad de Bolsa no asume responsabilidad alguna por el principal, ni de garantía, por los instrumentos invertidos o a invertir; ni por las amortizaciones anticipadas o casos fortuitos. La documentación presentada es con fines informativos únicamente, y no debe ser considerada como una oferta, recomendación, o solicitud para concluir una transacción, no debiendo ser considerada como asesoramiento financiero. Fuente: Bloomberg

USD EMBRAER OVERSEAS LTD Aerospace/Defen Ba1 BBB- BBB 6,375% 104,418 107,011 15/01/2020 1,658% 10.000 USD EMPRESA BRAS DE AERONAU Aerospace/Defen Ba1 BBB- BBB 5,150% 103,700 106,600 15/06/2022 3,342% 10.000 USD EMBRAER OVERSEAS LTD Aerospace/Defen Ba1 BBB- BBB 5,696% 105,611 108,620 16/09/2023 3,844% 10.000 USD EMBRAER NETHERLANDS FINA Aerospace/Defen Ba1 BBB- BBB 5,050% 102,803 105,945 15/06/2025 4,057% 10.000 USD EMBRAER NETHERLANDS FINA Aerospace/Defen - BBB- BBB 5,400% 105,898 109,005 01/02/2027 4,139% 10.000 USD ARCOS DORADOS HOLDINGS I Retail Ba3 BB+ - 6,625% 104,750 107,750 27/09/2023 4,919% 100.000 USD CENT ELET BRASILEIRAS SA Electric - BB- BB- 6,875% 102,316 104,938 30/07/2019 2,106% 100.000 USD CENT ELET BRASILEIRAS SA Electric Ba3 BB- BB- 5,750% 97,757 100,611 27/10/2021 5,541% 200.000 USD CAIXA ECONOMICA FEDERAL Banks Ba2 BB- BB- 4,500% 100,010 102,343 03/10/2018-5,587% 150.000 USD CAIXA ECONOMICA FEDERAL Banks Ba2 BB- BB- 4,250% 100,060 102,428 13/05/2019 1,328% 150.000 USD CAIXA ECONOMICA FEDERAL Banks Ba2 BB- - 3,500% 92,614 95,380 07/11/2022 4,692% 150.000 USD CAIXA ECONOMICA FEDERAL Banks B2 B - 7,250% 99,966 102,768 23/07/2024 6,684% 23/07/2019 4,476% 200.000 USD GERDAU HOLDINGS INC Iron/Steel - BBB- BBB- 7,000% 104,177 106,751 20/01/2020 2,462% 100.000 USD GERDAU TRADE INC Iron/Steel NR BBB- BBB- 5,750% 102,831 105,582 30/01/2021 3,446% 100.000 USD GERDAU TRADE INC Iron/Steel Ba2 BBB- BBB- 4,750% 98,140 101,050 15/04/2023 4,501% 200.000 USD GTL TRADE FIN / GERDAU Iron/Steel Ba2 BBB- BBB- 5,893% 101,832 104,480 29/04/2024 4,992% 29/01/2024 4,959% 150.000 USD GTL TRADE FINANCE INC Iron/Steel Ba2 BBB- BBB- 7,250% 102,188 105,108 16/04/2044 6,825% 16/10/2043 6,822% 200.000 USD B3 SA-BRASIL BOLSA BALCA Diversified Finan Ba1 - BB- 5,500% 101,495 104,313 16/07/2020 3,269% 100.000 USD CIA SANEAMENTO BASICO Water - BB BB- 6,250% 100,736 101,627 16/12/2020 5,523% 06/08/2018-16,468% 200.000 USD VALE OVERSEAS LIMITED Iron/Steel Ba1 BBB+ BBB- 5,875% 105,568 108,121 10/06/2021 2,945% 10.000 USD VALE OVERSEAS LIMITED Iron/Steel Ba1 BBB+ BBB- 4,375% 101,557 104,187 11/01/2022 3,103% 10.000 USD VALE OVERSEAS LIMITED Iron/Steel Ba1 BBB+ BBB- 6,250% 108,524 111,340 10/08/2026 4,556% 10.000 USD VALE CANADA LTD Mining Ba3 BBB+ BBB- 7,200% 109,078 112,268 15/09/2032 5,909% 10.000 USD VALE OVERSEAS LIMITED Iron/Steel Ba1 BBB+ BBB- 8,250% 124,695 127,878 17/01/2034 5,547% 10.000 USD VALE OVERSEAS LIMITED Iron/Steel Ba1 BBB+ BBB- 6,875% 112,382 115,373 21/11/2036 5,530% 10.000 USD VALE OVERSEAS LIMITED Iron/Steel Ba1 BBB+ BBB- 6,875% 113,329 116,336 10/11/2039 5,557% 10.000 USD VALE SA Iron/Steel Ba1 BBB+ BBB- 5,625% 101,002 103,963 11/09/2042 5,331% 10.000 EUR VALE SA Iron/Steel Ba1 BBB+ BBB- 3,750% 110,035 112,838 10/01/2023 0,835% 100.000

USD CSN ISLANDS XI CORP Iron/Steel B3 B- *- CCC+ 6,875% 98,085 101,037 21/09/2019 5,952% 100.000 USD CSN RESOURCES SA Iron/Steel B3 B- *- CCC+ 6,500% 92,750 95,500 21/07/2020 8,974% 100.000 USD CSN ISLANDS XII Iron/Steel B3 B- *- CCC+ 7,000% 72,606 76,143 29/09/2049 9,369% 23/09/2018 161,401% 100.000 USD COSAN LUXEMBOURG SA Oil&Gas Ba3 BB BB- 5,000% 95,717 99,129 14/03/2023 5,211% 06/08/2018 17,320% 200.000 USD COSAN OVERSEAS LTD Food Ba3 BB BB- 8,250% 99,470 102,999 29/11/2049 7,987% 05/11/2018-1,168% 100.000 USD JBS INVESTMENTS GMBH Food - BB- B+ 7,750% 101,890 104,425 28/10/2020 5,663% 06/08/2018-51,939% 200.000 USD JBS USA LUX/JBS USA FIN Food B1 WD B+ 7,250% 100,923 103,750 01/06/2021 5,818% 06/08/2018-43,744% 10.000 USD JBS USA LLC/JBS USA FINA Food B1 - B+ 5,875% 95,465 98,261 15/07/2024 6,226% 15/07/2019 7,694% 10.000 USD JBS USA LLC/JBS USA FINA Food B1 - B+ 5,750% 92,653 95,924 15/06/2025 6,489% 15/06/2020 8,071% 10.000 USD MINERVA LUXEMBOURG SA Food - BB- BB- 8,750% 101,010 104,021 29/12/2049 8,385% 03/04/2019 3,108% 200.000 USD MARFRIG HOLDING EUROPE B Food B2 BB- B+ * 6,875% 101,412 103,999 24/06/2019 2,596% 06/08/2018-47,411% 200.000 USD MARFRIG HOLDING EUROPE B Food B2 BB- B+ * 8,000% 101,207 103,888 08/06/2023 7,047% 08/06/2019 3,605% 200.000 USD MARB BONDCO PLC Food - BB- B+ * 7,000% 96,590 99,385 15/03/2024 7,131% 15/03/2020 7,387% 200.000 USD MARB BONDCO PLC Food - BB- B+ * 6,875% 95,080 97,886 19/01/2025 7,287% 19/01/2021 7,813% 200.000 USD BFF INTERNATIONAL LTD Food Ba2 BBB- BB+ 7,250% 101,965 104,977 28/01/2020 3,902% 100.000 USD BRF SA Food Ba2 BBB- BB+ 3,950% 88,582 91,382 22/05/2023 6,019% 200.000 USD BRF SA Food Ba2 BBB- BB+ 4,750% 89,123 92,156 22/05/2024 6,373% 200.000 EUR BRF SA Food Ba2 BBB- BB+ 2,750% 96,523 99,507 03/06/2022 2,884% 100.000 USD BRASKEM FINANCE LTD Chemicals Ba1 BBB- BBB- 7,000% 105,492 106,672 07/05/2020 3,198% 100.000 USD BRASKEM FINANCE LTD Chemicals Ba1 BBB- BBB- 5,750% 103,362 106,061 15/04/2021 3,428% 200.000 USD BRASKEM FINANCE LTD Chemicals Ba1 BBB- BBB- 6,450% 105,483 108,362 03/02/2024 4,722% 200.000 USD BRASKEM AMERICA FINANCE Chemicals Ba1 BBB- BBB- 7,125% 112,520 115,653 22/07/2041 5,876% 22/01/2041 5,864% 200.000 USD BRASKEM FINANCE LTD Chemicals Ba1 BBB- BBB- 7,375% 100,500 103,500 29/10/2049 7,094% 13/07/2018-581,097% 100.000 USD TELEMAR NORTE LESTE SA Telecommunicat WR C - 9,500% 4,958 11,659 23/04/2019 615,875% 100.000 USD TELEMAR NORTE LESTE SA Telecommunicat WR C D 5,500% 4,918 8,813 23/10/2020 170,537% 100.000 USD OI BRASIL HOLDINGS COOP Telecommunicat WR C D 5,750% 5,087 9,361 10/02/2022 109,197% 200.000 EUR PORTUGAL TELECOM INT FIN Telecommunicat WR C D 4,625% 5,024 7,588 08/05/2020 233,867% 100.000 EUR OI BRASIL HOLDINGS COOP Telecommunicat WR C D 5,625% 5,343 10,273 22/06/2021 122,269% 100.000 USD GOL FINANCE SA Airlines - B B- 8,875% 99,500 103,016 24/01/2022 7,879% 24/01/2019 3,153% 200.000 USD GOL FINANCE Airlines - B B- 7,000% 79,538 83,159 31/01/2025 10,632% 31/01/2022 13,073% 10.000 USD GOL FINANCE Airlines - B - 8,750% 84,167 88,472 97.342 9,890% 05/10/2018 64,044% 100.000 USD FIBRIA OVERSEAS FINANCE Forest Products& Ba1 BBB- - 5,250% 100,725 103,524 12/05/2024 4,559% 10.000 USD FIBRIA OVERSEAS FINANCE Forest Products&#N/A N/A BBB- - 4,000% 92,511 95,361 14/01/2025 4,835% 14/11/2024 4,858% 10.000 USD FIBRIA OVERSEAS FINANCE Forest Products& - BBB- - 5,500% 99,613 102,482 17/01/2027 5,138% 10.000

USD ITAU UNIBANCO HLDG SA/KY Banks Ba3 B+ - 6,200% 103,274 105,852 15/04/2020 2,769% 100.000 USD ITAU UNIBANCO HLDG SA/KY Banks Ba3 B+ - 5,750% 102,170 104,382 22/01/2021 3,914% 100.000 USD ITAU UNIBANCO HLDG SA/KY Banks Ba3 B+ - 6,200% 103,096 105,699 21/12/2021 4,398% 100.000 USD ITAU UNIBANCO HLDG SA/KY Banks Ba3 B+ - 5,500% 100,945 103,543 06/08/2022 4,536% 200.000 USD ITAU UNIBANCO HLDG SA/KY Banks Ba3 B+ - 5,650% 101,295 103,829 19/03/2022 4,509% 200.000 USD ITAU UNIBANCO HLDG SA/KY Banks Ba3 B+ - 5,125% 99,076 101,664 13/05/2023 4,735% 200.000 USD BANCO DO BRASIL (CAYMAN) Banks Ba2 BB- BB- 6,000% 103,146 105,641 22/01/2020 2,230% 100.000 USD BANCO DO BRASIL (CAYMAN) Banks Ba3 - - 5,375% 100,322 102,826 15/01/2021 4,178% 100.000 USD BANCO DO BRASIL (CAYMAN) Banks Ba3 - - 5,875% 100,360 102,659 26/01/2022 5,045% 200.000 USD BANCO DO BRASIL (CAYMAN) Banks Ba3 - B- 5,875% 98,951 101,690 19/01/2023 5,448% 200.000 USD BANCO DO BRASIL (CAYMAN) Banks Ba3 - CCC+ 6,250% 78,012 80,876 29/10/2049 7,907% 15/04/2024 10,788% 200.000 USD BANCO DO BRASIL (CAYMAN) Banks B2 - - 8,500% 105,975 108,276 29/10/2049 7,789% 20/10/2020 4,620% 100.000 USD BANCO DO BRASIL (CAYMAN) Banks B2 - CCC+ 9,000% 96,147 98,966 29/06/2049 9,100% 18/06/2024 9,228% 200.000 USD BANCO DO BRASIL (CAYMAN) Banks B2 - CCC+ 9,250% 99,127 102,021 29/10/2049 9,052% 15/04/2023 8,716% 200.000 EUR BANCO DO BRASIL (CAYMAN) Banks Ba2 BB- BB- 3,750% 99,950 100,200 25/07/2018-1,366% 100.000 USD BANCO BTG PACTUAL/CAYMAN Diversified Finan Ba2 BB- - 4,000% 97,360 100,296 16/01/2020 3,797% 200.000 USD BANCO BTG PACTUAL/CAYMAN Diversified Finan Ba3 B - 5,750% 94,660 97,482 28/09/2022 6,439% 200.000 USD BANCO BTG PACTUAL LUX Diversified Finan B2 B- - 8,750% 101,226 104,371 29/12/2049 8,354% 18/09/2019 4,901% 200.000 USD BANCO VOTORANTIM Banks Ba3 - - 7,375% 103,702 106,408 21/01/2020 3,049% 100.000 USD BANCO BRADESCO (CAYMAN) Banks Ba3 B+ - 6,750% 103,364 105,872 29/09/2019 1,844% 100.000 USD BANCO BRADESCO (CAYMAN) Banks Ba3 B+ - 5,900% 102,399 105,020 16/01/2021 3,787% 100.000 USD BANCO BRADESCO (CAYMAN) Banks Ba3 B+ - 5,750% 101,755 104,461 01/03/2022 4,408% 200.000 USD BANCO DO NORDESTE BRASIL Banks Ba2 - BB- 4,375% 99,980 102,614 03/05/2019 1,127% 150.000 USD BANCO NAC DE DESEN ECONO Banks Ba2 BB-u BB- 6,500% 102,600 104,400 10/06/2019 1,628% 100.000 USD BANCO NAC DE DESEN ECONO Banks Ba2 WD BB- 5,500% #N/A N/A # VALOR! 12/07/2020 # VALOR! 100.000 USD BANCO NAC DE DESEN ECONO Banks Ba2 BB-u BB- 5,750% 101,750 104,250 26/09/2023 4,816% 200.000 EUR BANCO NAC DE DESEN ECONO Banks Ba2 - BB- 3,625% 101,420 101,814 21/01/2019 0,185% 100.000 USD BANCO EST RIO GRANDE SUL Banks B1 B- - 7,375% 96,084 99,282 02/02/2022 7,607% 200.000

USD BANCO MERCANT DO BRASIL Banks Caa2 *- - - 9,625% 80,370 83,969 16/07/2020 19,639% 100.000 USD BANCO ABC-BRASIL SA Banks Ba3 - - 7,875% 103,826 106,993 08/04/2020 3,687% 100.000 USD CIELO SA/CIELO USA INC Commercial Serv Ba1 BB+ - 3,750% 93,150 96,065 16/11/2022 4,762% 200.000 USD CCB BANCO INDUSTR E COMR Banks Ba2 - - 8,500% 102,800 106,250 27/04/2020 4,815% 100.000 USD BANCO BMG S.A. Banks B2 B- - 9,950% 101,156 104,476 05/11/2019 6,339% 100.000 USD BANCO BMG SA Banks B2 B- - 8,875% 99,719 103,115 05/08/2020 7,221% 100.000 USD BANCO PAN SA Banks B2 - CCC 8,500% 100,589 103,885 23/04/2020 6,157% 100.000 USD BANCO SAFRA SA (LUX) Banks Ba3 - - 6,750% 103,832 106,754 27/01/2021 3,933% 200.000 Chile USD BANCO DEL ESTADO -CHILE Banks Aa3 A A+ 4,125% 101,142 103,671 07/10/2020 2,429% 100.000 USD BANCO DEL ESTADO -CHILE Banks Aa3 A A+ 3,875% 99,729 102,423 08/02/2022 3,152% 150.000 USD CODELCO INC Mining A3 A-u A+ 7,500% 102,043 104,461 15/01/2019-1,176% 100.000 USD CODELCO INC Mining A3 A-u A+ 3,750% 100,891 103,320 04/11/2020 2,268% 100.000 USD CODELCO INC Mining A3 A-u A+ 3,000% 97,130 99,653 17/07/2022 3,092% 200.000 USD CODELCO INC Mining A3 A-u A+ 4,500% 102,073 104,619 16/09/2025 3,759% 200.000 USD CODELCO INC Mining A3 A-u A+ 5,625% 112,331 115,131 21/09/2035 4,364% 100.000 USD CODELCO INC Mining A3 A-u A+ 4,250% 95,291 98,105 17/07/2042 4,378% 200.000 USD CODELCO INC Mining A3 A-u A+ 4,875% 102,961 106,141 04/11/2044 4,475% 200.000 EUR CODELCO INC Mining A3 A-u A+ 2,250% 106,885 109,531 09/07/2024 0,627% 100.000 USD CELULOSA ARAUCO CONSTITU Forest Products& Baa3 BBB BBB- 7,250% 103,830 106,469 29/07/2019 1,039% 10.000 USD CELULOSA ARAUCO CONSTITU Forest Products& Baa3 BBB BBB- 5,000% 102,312 105,193 21/01/2021 2,856% 10.000 USD CELULOSA ARAUCO CONSTITU Forest Products& Baa3 BBB BBB- 4,750% 101,822 104,656 11/01/2022 3,330% 11/10/2021 3,228% 10.000 USD CELULOSA ARAUCO CONSTITU Forest Products& Baa3 BBB BBB- 4,500% 99,824 102,653 01/08/2024 4,002% 01/05/2024 3,983% 200.000 USD ENEL GENERACION CHILE SA Electric Baa1 BBB+ BBB+ 4,250% 99,284 102,135 15/04/2024 3,832% 15/01/2024 3,817% 10.000

USD EMPRESA NACIONAL DE PETR Oil&Gas Baa3 A BBB- 6,250% 103,046 105,577 08/07/2019 0,601% 100.000 USD EMPRESA NACIONAL DE PETR Oil&Gas Baa3 A BBB- 5,250% 102,834 105,448 10/08/2020 2,544% 100.000 USD EMPRESA NACIONAL DE PETR Oil&Gas Baa3 A BBB- 4,750% 102,018 104,377 06/12/2021 3,377% 100.000 USD EMPRESA NACIONAL DEL PET Oil&Gas Baa3 A BBB- 4,375% 99,957 102,577 30/10/2024 3,909% 200.000 USD LATAM AIRLINES GROUP SA Airlines B1 B+ B+ 7,250% 102,134 105,229 09/06/2020 4,365% 200.000 USD CORP ANDINA DE FOMENTO Multi-National Aa3 AA- AA- 8,125% 104,531 106,624 04/06/2019 0,705% 10.000 USD CORP ANDINA DE FOMENTO Multi-National Aa3 AA- AA- 4,375% 103,410 105,790 15/06/2022 2,807% 10.000 Argentina USD AEROPUERTOS ARGENT 2000 Engineering&Con B1 - BB- 6,875% 95,081 98,964 01/02/2027 7,037% 06/02/2022 7,207% 150.000 USD ARCOR SAIC Food Ba3 BB- - 6,000% 100,059 103,084 06/07/2023 5,288% 06/07/2020 5,781% 10.000 USD YPF SOCIEDAD ANONIMA Oil&Gas B2 B - 8,875% 101,538 103,624 19/12/2018 0,593% 10.000 USD YPF SOCIEDAD ANONIMA Oil&Gas B2 B - 8,500% 101,662 104,484 23/03/2021 6,651% 10.000 USD YPF SOCIEDAD ANONIMA Oil&Gas B2 B - 8,750% 99,895 102,881 04/04/2024 8,107% 10.000 USD YPF SOCIEDAD ANONIMA Oil&Gas B2 B - 8,500% 96,891 99,610 28/07/2025 8,573% 10.000 USD YPF SOCIEDAD ANONIMA Oil&Gas - B - 6,950% 86,411 89,906 21/07/2027 8,578% 10.000 USD YPF SOCIEDAD ANONIMA Oil&Gas - B - 7,000% 79,126 82,409 15/12/2047 8,659% 10.000 USD BCO DE GALICIA Y BUENOS Banks B3 - CCC 8,250% 101,260 104,466 19/07/2026 7,499% 19/07/2021 6,595% 200.000 USD IRSA PROPIEDADES COM Real Estate - B+ - 8,750% 99,203 103,447 23/03/2023 7,854% 23/03/2020 6,563% 10.000 USD INVERSIONES Y REPRESENTA Real Estate - - - 7,000% 98,299 101,135 09/09/2019 5,964% 10.000 USD INVERSIONES Y REPRESENTA Real Estate - B+ B+ 11,500% 105,050 109,351 20/07/2020 6,495% 10.000 USD BANCO HIPOTECARIO SA Banks B2 - - 9,750% 103,420 106,618 30/11/2020 6,696% 50.000 USD EMP DISTRIBUIDORA NORTE Electric B1 - B 9,750% 96,350 105,750 25/10/2022 8,129% 25/10/2018-9,418% 10.000 USD PAN AMERICAN ENERGY LLC Oil&Gas Ba3 BB- - 7,875% 102,611 105,266 07/05/2021 5,820% 10.000 USD PAMPA ENERGIA SA Electric B2 - B+ 7,375% 95,827 98,793 21/07/2023 7,668% 10.000 USD CIA TRANSPORTE ENERGIA Electric - WD B+ 9,750% 100,055 103,706 15/08/2021 8,360% 06/08/2018-40,422% 10.000 USD PAMPA ENERGIA SA Electric B2 - B+ 7,500% 88,967 92,319 24/01/2027 8,797% 24/01/2022 10,137% 150.000 USD TECPETROL S.A. Oil&Gas Ba3 BB+ - 4,875% 92,149 95,258 12/12/2022 6,114% 12/12/2020 7,038% 10.000

Peru USD BANCO DE CREDITO DEL PER Banks Baa1 BBB+ BBB+ 5,375% 103,410 105,955 16/09/2020 2,548% 10.000 USD BANCO DE CREDITO DEL PER Banks Baa1 BBB+ BBB+ 4,250% 99,788 102,391 01/04/2023 3,692% 10.000 USD BANCO DE CREDITO DEL PER Banks Baa3 BBB BBB 6,875% 106,584 109,373 16/09/2026 5,439% 16/09/2021 3,720% 10.000 USD BANCO DE CREDITO DEL PER Banks Baa3 BBB BBB 6,125% 105,318 107,732 24/04/2027 5,024% 24/04/2022 3,906% 10.000 USD BBVA BANCO CONTINENTAL Banks - BBB+ BBB+ 5,000% 102,697 105,418 26/08/2022 3,575% 10.000 USD BBVA BANCO CONTINENTAL Banks - BBB BBB- 5,250% 102,565 105,576 22/09/2029 4,606% 22/09/2024 4,217% 10.000 USD BANCO CONT(CONT TRST KY) Banks - BB+ BB 7,375% 103,124 106,071 07/10/2040 6,839% 07/10/2020 4,490% 100.000 USD BANCO INTL DEL PERU/PANA Banks Baa2 BBB+ - 5,750% 104,258 106,920 07/10/2020 2,548% 100.000 USD BANCO INTERNAC DEL PERU Banks Ba1 BBB BB+ 6,625% 105,650 108,150 19/03/2029 5,600% 19/03/2024 4,961% 10.000 USD SCOTIABANK PERU SA Banks Baa2 A- - 4,500% 99,602 102,622 13/12/2027 4,160% 13/12/2022 3,849% 10.000 USD CORP LINDLEY SA Beverages - A- BBB 6,750% 106,844 109,965 23/11/2021 3,580% 10.000 USD CORP LINDLEY SA Beverages - A- BBB 4,625% 100,962 103,630 12/04/2023 3,782% 10.000 USD VOLCAN CIA MINERA SAA-CM Mining Ba3 BBB- NR 5,375% 102,000 104,750 02/02/2022 3,931% 10.000 USD MINSUR SA Mining Ba3 BBB- BBB- 6,250% 104,905 107,768 07/02/2024 4,651% 150.000 USD CEMENTOS PACASMAYO SAA Building Materia - BBB- BB+ 4,500% 98,394 101,104 08/02/2023 4,231% 100.000 USD FONDO MIVIVIENDA SA Diversified Finan - BBB+ BBB+ 3,375% 99,750 102,250 02/04/2019 0,266% 150.000 USD FONDO MIVIVIENDA SA Diversified Finan - BBB+ BBB+ 3,500% 96,375 98,875 31/01/2023 3,771% 150.000 USD CORP FINANCIERA DE DESAR Banks - BBB+ BBB 3,250% 99,875 102,375 15/07/2019 0,885% 200.000 USD CORP FINANCIERA DE DESAR Banks - BBB+ BBB 4,750% 101,500 104,000 08/02/2022 3,548% 200.000 USD CORP FINANCIERA DE DESAR Banks - BBB+ BBB 4,750% 99,250 102,250 15/07/2025 4,374% 200.000 USD CORP FINANCIERA DE DESAR Banks - BBB BBB- 5,250% 98,500 101,750 15/07/2029 5,041% 15/07/2024 4,910% 200.000 USD FERREYCORP SAA Machinery-Const Ba1 - BB+ 4,875% 100,607 102,064 26/04/2020 3,671% 06/08/2018-23,854% 200.000 USD COMPANIA MINERA MILPO Mining - BBB- BB+ 4,625% 98,796 101,556 28/03/2023 4,256% 200.000 USD PETROLEOS DEL PERU SA Oil&Gas - BBB+ - 4,750% 95,872 98,544 19/06/2032 4,895% 200.000 USD PETROLEOS DEL PERU SA Oil&Gas - BBB+ BBB- 5,625% 97,738 100,639 19/06/2047 5,580% 200.000

USD CORP AZUCARERA DEL PERU Food - BB- B+ 6,375% 92,277 96,613 02/08/2022 7,354% 06/08/2018 55,504% 100.000 USD TRANSPORT DE GAS PERU Gas Baa1 BBB+ BBB+ 4,250% 96,130 98,864 30/04/2028 4,393% 200.000 USD ABENGOA TRANSMISION SUR Electric - BBB+ BBB 6,875% 108,525 111,565 30/04/2043 5,974% 200.000 Mexico USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 5,500% 104,375 104,891 04/02/2019-3,030% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 3,500% 97,256 100,843 23/07/2020 3,069% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 6,375% 106,666 109,796 04/02/2021 2,411% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 4,250% 93,586 96,186 15/01/2025 4,942% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 4,500% 93,517 96,106 23/01/2026 5,129% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 5,500% 85,092 87,418 27/06/2044 6,510% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 5,625% 85,255 88,134 23/01/2046 6,562% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 6,750% 95,410 98,178 21/09/2047 6,895% 10.000 USD PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 6,625% 94,430 97,487 29/09/2049 6,820% 06/08/2018 43,383% 10.000 EUR PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 3,750% 102,096 102,592 15/03/2019-0,073% 100.000 EUR PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 5,125% 109,913 112,501 15/03/2023 2,291% 100.000 EUR PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 3,125% 104,177 105,665 27/11/2020 0,718% 100.000 EUR PETROLEOS MEXICANOS Oil&Gas Baa3 BBB+ BBB+ 5,500% 110,939 113,592 24/02/2025 3,204% 10.000 USD AMERICA MOVIL SAB DE CV Telecommunicat A3 A- A- 3,125% 97,950 100,418 16/07/2022 3,014% 200.000 USD AMERICA MOVIL SAB DE CV Telecommunicat A3 A- A- 5,000% 102,503 104,907 30/03/2020 2,078% 100.000 USD AMERICA MOVIL SAB DE CV Telecommunicat A3 A- A- 6,125% 116,083 119,251 15/11/2037 4,610% 10.000 USD AMERICA MOVIL SAB DE CV Telecommunicat A3 A- A- 6,125% 117,324 120,519 30/03/2040 4,618% 100.000 EUR AMERICA MOVIL SAB DE CV Telecommunicat A3 A- A- 1,500% 102,505 105,060 10/03/2024 0,590% 100.000 EUR AMERICA MOVIL SAB DE CV Telecommunicat A3 A- A- 2,125% 103,302 106,010 10/03/2028 1,456% 100.000 EUR AMERICA MOVIL SAB DE CV Telecommunicat Baa2 BBB BBB 6,375% 115,514 118,509 06/09/2073 5,331% 06/09/2023 2,521% 100.000 USD MEXICO GENERADORA DE ENE Electric Baa2 - BBB 5,500% 99,250 101,750 06/12/2032 5,324% 200.000 USD MEXICHEM SAB DE CV Chemicals Baa3 BBB BBB- 4,875% 101,688 104,576 19/09/2022 3,685% 200.000 USD BANCO SANTANDER MEXICO Banks Ba1 BB - 8,500% 108,095 110,854 97.266 7,666% 20/01/2022 5,096% 200.000 USD GRUPO TELEVISA SAB Media Baa1 BBB+ BBB+ 6,625% 111,810 114,416 18/03/2025 4,134% 100.000 USD GRUPO TELEVISA SAB Media Baa1 BBB+ BBB+ 8,500% 128,054 131,540 11/03/2032 5,238% 10.000

USD CEMEX SAB DE CV Building Materia - BB- BB 7,750% 108,320 111,101 16/04/2026 5,942% 16/04/2021 3,498% 200.000 USD C10 CAPITAL SPV LTD Building Materia - BB- BB- 7,044% 89,750 93,750 29.12.2049 7,568% 20/08/2018 67,078% 100.000 EUR CEMEX SAB DE CV Building Materia - BB- BB 4,375% 103,360 106,009 05/03/2023 2,981% 05/03/2019-4,616% 100.000 Colombia USD BANCOLOMBIA SA Banks Ba2 BBB- - 6,125% 104,306 106,557 26/07/2020 2,798% 10.000 USD BANCOLOMBIA SA Banks Ba2 BBB- - 5,125% 102,125 104,694 11/09/2022 3,892% 10.000 USD GNB SUDAMERIS BANK SA Banks B1 WD - 7,500% 106,281 109,354 30/07/2022 4,925% 10.000 USD COLOMBIA TELECOMM SA ESP Telecommunicat - BB BB+ 5,375% 99,453 102,156 27/09/2022 4,801% 06/08/2018-24,573% 200.000 USD COLOMBIA TELECOMUNICACIO Telecommunicat - B+ BB- 8,500% 104,095 106,902 29/12/2049 7,902% 30/03/2020 4,287% 10.000 USD ECOPETROL SA Oil&Gas Baa3 BBB BBB- 7,625% 104,396 106,891 23/07/2019 0,909% 10.000 USD ECOPETROL SA Oil&Gas Baa3 BBB BBB- 5,875% 106,279 108,862 18/09/2023 3,966% 10.000 USD ECOPETROL SA Oil&Gas Baa3 BBB BBB- 4,125% 97,026 99,693 16/01/2025 4,179% 10.000 USD ECOPETROL SA Oil&Gas Baa3 BBB BBB- 5,375% 102,876 105,521 26/06/2026 4,540% 26/03/2026 4,518% 10.000 USD ECOPETROL SA Oil&Gas Baa3 BBB BBB- 7,375% 110,235 113,148 18/09/2043 6,324% 10.000 USD ECOPETROL SA Oil&Gas Baa3 BBB BBB- 5,875% 95,469 98,176 28/05/2045 6,012% 10.000 USD BANCO DE BOGOTA SA Banks Ba2 BBB- - 5,375% 102,521 105,319 19/02/2023 4,095% 200.000 USD BANCO DE BOGOTA SA Banks Ba2 BBB- - 6,250% 102,867 105,612 12/05/2026 5,362% 200.000 USD GRUPO AVAL LTD Banks Ba2 BBB - 4,750% 99,468 102,134 26/09/2022 4,190% 200.000 USD BANCO DAVIVIENDA SA Banks Ba2 BBB- - 5,875% 104,302 107,169 09/07/2022 3,919% 200.000 USD EMPRESAS PUBLIC MEDELLIN Electric Baa3 *- BBB *- - 7,625% 101,230 104,187 29/07/2019 3,525% 100.000 USD GRUPOSURA FINANCE Investment Com - BBB BBB- 5,700% 103,692 106,448 18/05/2021 3,311% 200.000 USD GRUPOSURA FINANCE Investment Com - BBB BBB- 5,500% 102,163 104,950 29/04/2026 4,732% 29/01/2026 4,713% 200.000

Venezuela USD PETROLEOS DE VENEZUELA S Oil&Gas - C D 9,000% 23,329 27,294 17/11/2021 64,031% 10.000 USD PETROLEOS DE VENEZUELA S Oil&Gas - C - 12,750% 24,750 28,250 17/02/2022 68,443% 10.000 USD PETROLEOS DE VENEZUELA S Oil&Gas - C D 6,000% 20,532 24,272 16/05/2024 40,931% 10.000 USD PETROLEOS DE VENEZUELA S Oil&Gas - C D 6,000% 20,498 24,277 15/11/2026 33,263% 10.000 USD PETROLEOS DE VENEZUELA S Oil&Gas - C D 5,375% 21,829 25,848 12/04/2027 29,220% 10.000 USD PETROLEOS DE VENEZUELA S Oil&Gas C C - 9,750% 23,250 26,750 17/05/2035 36,677% 10.000 USD PETROLEOS DE VENEZUELA S Oil&Gas - C D 5,500% 21,500 25,000 12/04/2037 23,129% 10.000 Russia USD GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 9,250% 104,180 106,545 23/04/2019 0,846% 100.000 USD GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 6,510% 106,297 108,917 07/03/2022 3,869% 100.000 USD GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 4,950% 101,006 103,632 19/07/2022 3,964% 200.000 USD GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 4,950% 97,299 99,984 06/02/2028 4,952% 200.000 USD GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 8,625% 125,314 128,153 28/04/2034 5,866% 10.000 USD GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 7,288% 114,250 117,044 16/08/2037 5,799% 100.000 EUR GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 4,625% 100,904 101,370 15/10/2018-0,607% 100.000 EUR GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 3,600% 105,338 107,957 26/02/2021 0,543% 100.000 EUR GAZPROM (GAZ CAPITAL SA) Oil&Gas Baa3 BBB- BBB- 4,364% 110,979 113,777 21/03/2025 2,143% 100.000 USD ALFA BANK (ALFA BOND) Banks Ba3 BB B 7,500% 102,651 105,354 26/09/2019 2,951% 200.000 USD ALFA BANK (ALFA BOND) Banks Ba1 BB+ BB+ 7,750% 107,122 109,765 28/04/2021 4,021% 200.000 USD ALFA BANK (ALFA BOND) Banks B1u BB - 9,500% 104,469 107,581 18/02/2025 7,997% 18/02/2020 4,537% 200.000 USD CREDIT BANK OF MOSCOW (C Banks NR B - 8,700% 98,740 102,019 13/11/2018 2,652% 200.000 USD EURASIAN DEVELOPMENT BAN Multi-National Baa1 - BBB- 5,000% 100,664 103,629 26/09/2020 3,281% 200.000 USD EURASIAN DEVELOPMENT BAN Multi-National Baa1 WD BBB- 4,767% 100,181 102,997 20/09/2022 3,982% 200.000

USD GAZPROMBK (GPB FINANCE) Banks - BB+ BB+ 4,960% 101,042 103,605 05/09/2019 1,777% 200.000 USD GAZPROMBK (GPB FINANCE) Banks NR BB - 7,496% 100,293 103,239 28/12/2023 6,776% 28/12/2018 0,496% 200.000 USD GAZPROMBK (GPB EURO FIN) Banks NR - - 9,835% 100,914 103,781 29/04/2049 9,453% 25/10/2018-3,073% 200.000 EUR GAZPROMBK (GPB FINANCE) Banks Ba2 BB+ BB+ 4,000% 102,273 104,191 01/07/2019-0,301% 100.000 USD HCFB LLC(EURASIA CAP SA) Banks NR B+ - 10,500% 103,017 105,967 19/04/2021 8,045% 17/04/2019 2,579% 200.000 USD PROMSVYAZBK(PSB FINANCE) Banks C WD - 10,200% 13,583 18,654 06/11/2019 210,982% 200.000 USD OJSC RUSS AGRIC BK(RSHB) Banks Ba2 BB+ - 5,100% 99,999 101,373 25/07/2018-29,121% 200.000 USD OJSC RUSS AGRIC BK(RSHB) Banks NR - - 8,500% 107,179 110,056 16/10/2023 6,226% 200.000 USD SBERBANK (SB CAP SA) Banks Ba2 BB+ - 5,125% 99,813 102,407 29/10/2022 4,501% 200.000 USD SBERBANK (SB CAP SA) Banks - BB+ - 5,500% 100,068 102,929 26/02/2024 4,897% 26/02/2019 0,791% 200.000 EUR SBERBANK (SB CAP SA) Banks Ba1 BBB- - 3,352% 102,503 104,263 15/11/2019 0,176% 100.000 USD VNESHECONOMBANK(VEB FIN) Banks - BBB- BBB- 6,902% 103,907 106,432 09/07/2020 3,534% 100.000 USD VNESHECONOMBANK(VEB FIN) Banks - BBB- BBB- 6,025% 103,455 106,192 05/07/2022 4,316% 200.000 USD VNESHECONOMBANK(VEB FIN) Banks - BBB- BBB- 6,800% 106,567 109,275 22/11/2025 5,263% 100.000 EUR VNESHECONOMBANK(VEB FIN) Banks - BBB- BBB- 4,032% 107,394 110,275 21/02/2023 1,705% 100.000 USD VTB BANK (VTB CAPITAL SA Banks Ba1 WD BBB- 6,551% 104,747 107,436 13/10/2020 3,109% 100.000 USD VTB BANK (VTB CAPITAL SA Banks Ba3 WD B- 6,950% 103,233 105,957 17/10/2022 5,366% 200.000 USD VTB BANK (VTB CAPITAL SA Banks Ba1 WD BBB- 6,250% 102,898 105,927 30/06/2035 5,700% 100.000 USD VTB BANK (VTB EURASIA) Banks NR - - 9,500% 104,268 107,010 29/12/2049 8,836% 06/12/2022 7,593% 200.000 USD VNESHECONOMBANK(VEB FIN) Banks - BBB- BBB- 6,800% 106,567 109,275 22/11/2025 5,263% 100.000 Los precios que aquí aparecen son totalmente indicativos, agradecemos se comuniquen con la mesa de operaciones para actualizar los mismos. Al adoptar una decisión de invertir, los inversores deben basarse exclusivamente en su propio análisis de los instrumentos que se les ofrecen, de las características de los mismos y de los riesgos involucrados en su decisión de invertir. El inversor debe tener en cuenta que GBU (Grupo Bursátil Uruguayo) Sociedad de Bolsa no asume responsabilidad alguna por el principal, ni de garantía, por los instrumentos invertidos o a invertir; ni por las amortizaciones anticipadas o casos fortuitos. La documentación presentada es con fines informativos únicamente, y no debe ser considerada como una oferta, recomendación, o solicitud para concluir una transacción, no debiendo ser considerada como asesoramiento financiero. Fuente: Bloomberg

Nota de deuda según calificador Moody`s S&P Fitch Aaa AAA AAA Aa1 AA+ AA+ Aa2 AA AA Aa3 AA- AA- Grado A1 A+ A+ Inversor A2 A A A3 A- A- Baa1 BBB+ BBB+ Baa2 BBB BBB Baa3 BBB- BBB- Ba1 BB+ BB+ Ba2 BB BB Grado Ba3 BB- BB- Especulativo B1 B+ B2 B B B3 B- MAXIMA CALIDAD ALTA CALIDAD FUERTE CAPACIDAD DE PAGO CAPACIDAD ADECUADA DE PAGO PAGO PROBABLE PERO INCIERTO ALTO RIESGO CCC+ CCC+ Caa CCC CCC Predominantemente Ca CC CC Especulativo, Riesgo C C C Sustancial o en DEFAULT CI DDD DD D D La nota corresponde a deuda de largo plazo nominada en moneda extranjera RIESGO SUSTANCIAL CONDICIONES POBRES MUY ESPECULATIVO CASI DEFAULT NO PAGO de INTERES DEFAULT Rincon 531 Primer Piso - C.P. 11.000 Montevideo - Uruguay Tel.: +598 2916 8986 / 87 Fax: +598 2916 9677 www.gbu.com.uy