BONOS SOBERANOS EMERGENTES 5,00

viernes 14 de septiembre de 2018 BONOS SOBERANOS EMERGENTES 5,00 19/09/2018 Rating USD REPUBLIC OF ARGENTINA Sovereign - - - 9,000% 103,000 103,500 29/11/2018-8,471% 10.000 USD REPUBLIC OF ARGENTINA Sovereign B2 Bu B+ *- 6,250% 99,600 101,885 22/04/2019 3,006% 150.000 USD REPUBLIC OF ARGENTINA Sovereign - - - 8,000% 98,250 101,250 08/10/2020 7,329% 10.000 USD REPUBLIC OF ARGENTINA Sovereign B2 Bu B+ *- 6,875% 93,019 95,247 22/04/2021 8,966% 150.000 USD REPUBLIC OF ARGENTINA Sovereign B2 - - 5,625% 88,385 90,475 26/01/2022 8,973% 10.000 USD REPUBLIC OF ARGENTINA Sovereign - WD - 8,750% 99,250 101,750 07/05/2024 8,350% 10.000 USD REPUBLIC OF ARGENTINA Sovereign - - B+ *- 5,750% 71,750 86,750 18/04/2025 8,761% 10.000 USD REPUBLIC OF ARGENTINA Sovereign B2 Bu B+ *- 7,500% 84,500 87,000 22/04/2026 9,980% 150.000 USD REPUBLIC OF ARGENTINA Sovereign B2 - - 6,875% 105,750 109,250 26/01/2027 5,479% 10.000 USD REPUBLIC OF ARGENTINA Sovereign B2 - B+ *- 6,625% 79,024 81,382 06/07/2028 9,596% 150.000 USD REPUBLIC OF ARGENTINA Sovereign - WD B+ *- 8,280% 86,250 89,250 31/12/2033 9,635% 10.000 USD REPUBLIC OF ARGENTINA Sovereign - WD - 8,280% 83,740 86,869 31/12/2033 9,968% 10.000 USD REPUBLIC OF ARGENTINA Sovereign - WD - 4,750 6,750 15/12/2035 10.000 USD REPUBLIC OF ARGENTINA Sovereign - - - 4,126 6,899 15/12/2035 10.000 USD REPUBLIC OF ARGENTINA Sovereign B2 - B+ *- 7,125% 99,750 102,750 06/07/2036 6,854% 150.000 USD REPUBLIC OF ARGENTINA Sovereign - WD B+ *- 2,500% 58,750 61,300 31/12/2038 7,759% 10.000 USD REPUBLIC OF ARGENTINA Sovereign B2 Bu B+ *- 7,625% 104,750 107,750 22/04/2046 6,987% 150.000 USD REPUBLIC OF ARGENTINA Sovereign - - B+ *- 7,125% 74,750 77,250 28/06/2117 9,221% 10.000 EUR REPUBLIC OF ARGENTINA Sovereign - - B+ *- 3,875% 86,495 89,636 15/01/2022 7,451% 100.000 EUR REPUBLIC OF ARGENTINA Sovereign - - B+ *- 5,000% 76,657 80,172 15/01/2027 8,351% 100.000 EUR REPUBLIC OF ARGENTINA Sovereign B2 - - 6,250% 72,676 76,019 09/11/2047 8,481% 100.000 Provincias USD PROV OF TIERRA DEL FUEGO Municipal B3 - - 8,950% 79,735 82,510 17/04/2027 12,304% 10.000 USD PROVINCIA DE BUENOS AIRE Regional(state/pro WR - B+ *- 9,375% 99,266 101,227 14/09/2018 # NUM! 100.000 USD PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 9,950% 94,250 97,250 09/06/2021 11,134% 150.000 USD PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 6,500% 83,250 86,750 15/02/2023 10,315% 10.000 USD PROVINCE OF NEUQUEN Regional(state/pro - - B 7,875% 94,674 100,870 26/04/2021 7,496% 150.000 USD PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 9,125% 87,190 90,180 16/03/2024 11,591% 150.000 USD PROVINCE OF SALTA Municipal - B B 9,125% 74,500 79,500 07/07/2024 14,455% 150.000 USD BONO GAR PROV DEL CHUBUT Regional(state/pro B2 B - 7,750% 73,250 76,250 26/07/2026 12,595% 150.000 USD PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 9,625% 82,635 85,450 18/04/2028 12,242% 100.000 USD PROVINCE OF NEUQUEN Regional(state/pro - B - 8,625% 87,750 91,250 12/05/2028 10,060% 150.000 USD PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 4,000% 61,750 65,500 15/05/2035 7,713% 10.000 EUR PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 4,000% 93,252 97,153 01/05/2020 5,868% 10.000 EUR PROVINCIA DE BUENOS AIRE Regional(state/pro B2 - B+ *- 4,000% 64,052 68,652 15/05/2035 7,277% 10.000

USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 8,875% 105,000 106,600 14/10/2019 2,575% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 12,750% 111,630 114,225 15/01/2020 1,809% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 4,875% 100,750 103,000 22/01/2021 3,527% 100.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 2,625% 90,750 93,250 05/01/2023 4,365% 200.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 8,875% 117,500 120,300 15/04/2024 4,691% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 8,750% 119,250 122,200 04/02/2025 4,680% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 4,250% 93,500 95,900 07/01/2025 5,016% 200.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 6,000% 100,550 103,050 07/04/2026 5,500% 200.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 10,125% 132,500 135,500 15/05/2027 5,017% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign - BB- BB- 4,625% 89,350 91,850 13/01/2028 5,767% 200.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 12,250% 150,000 154,225 06/03/2030 5,731% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 8,250% 114,500 117,150 20/01/2034 6,469% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 7,125% 104,600 107,300 20/01/2037 6,440% 10.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 5,625% 85,970 88,470 07/01/2041 6,621% 100.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 5,000% 78,250 80,750 27/01/2045 6,541% 200.000 USD FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 5,625% 84,150 86,650 21/02/2047 6,679% 200.000 EUR FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 2,875% 102,375 105,375 01/04/2021 0,730% 100.000 BRL FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 12,500% 112,085 114,835 05/01/2022 7,339% 250.000 BRL FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 8,500% 97,245 99,745 05/01/2024 8,556% 350.000 BRL FED REPUBLIC OF BRAZIL Sovereign Ba2 BB- BB- 10,250% 103,785 106,285 10/01/2028 9,225% 250.000 EUR BULGARIA Sovereign Baa2 BBB BBB- 2,000% 106,925 107,265 26/03/2022-0,062% 100.000 EUR BULGARIA Sovereign Baa2 BBB BBB- 1,875% 107,440 108,015 21/03/2023 0,092% 100.000 EUR BULGARIA Sovereign Baa2 BBB BBB- 2,950% 114,320 116,775 03/09/2024 0,122% 100.000 EUR BULGARIA Sovereign Baa2 BBB BBB- 2,625% 110,795 113,210 26/03/2027 1,003% 100.000 EUR BULGARIA Sovereign Baa2 BBB BBB- 3,000% 112,785 115,320 21/03/2028 1,283% 100.000 EUR BULGARIA Sovereign Baa2 BBB BBB- 3,125% 106,940 109,440 26/03/2035 2,428% 100.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 3,875% 101,600 103,850 05/08/2020 1,780% 100.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 3,250% 100,000 102,150 14/09/2021 2,498% 100.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 2,250% 95,700 97,950 30/10/2022 2,780% 150.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 3,125% 97,100 99,350 27/03/2025 3,236% 200.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 3,125% 95,700 98,200 21/01/2026 3,404% 200.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 3,240% 96,250 98,600 06/02/2028 3,415% 200.000 USD REPUBLIC OF CHILE Sovereign A1 A A+ 3,625% 93,000 95,500 30/10/2042 3,915% 150.000 USD REPUBLIC OF CHILE Sovereign - A A+ 3,860% 95,500 97,750 21/06/2047 3,992% 200.000 EUR REPUBLIC OF CHILE Sovereign A1 A A+ 1,625% 104,677 107,237 30/01/2025 0,469% 100.000 EUR REPUBLIC OF CHILE Sovereign A1 A A+ 1,750% 104,841 107,441 20/01/2026 0,707% 100.000 EUR REPUBLIC OF CHILE Sovereign A1 A A+ 1,875% 102,641 105,245 27/05/2030 1,387% 100.000

USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 7,375% 102,200 104,350 18/03/2019-1,316% 100.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 11,750% 111,625 114,125 25/02/2020 1,728% 10.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 4,375% 102,050 104,300 12/07/2021 2,775% 200.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 2,625% 95,000 97,500 15/03/2023 3,228% 15/12/2022 3,261% 200.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 8,125% 120,200 122,650 21/05/2024 3,665% 10.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 4,000% 100,100 102,500 26/02/2024 3,491% 26/11/2023 3,468% 200.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 4,500% 102,100 104,600 28/01/2026 3,777% 28/10/2025 3,756% 200.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 8,375% 113,000 119,000 15/02/2027 5,518% 10.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 10,375% 153,500 156,500 28/01/2033 4,861% 10.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 7,375% 126,500 129,000 18/09/2037 4,994% 100.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 6,125% 113,375 116,025 18/01/2041 4,932% 100.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 5,625% 107,500 110,250 26/02/2044 4,914% 26/08/2043 4,908% 200.000 USD REPUBLIC OF COLOMBIA Sovereign Baa2 BBB BBB- 5,000% 99,750 102,250 15/06/2045 4,848% 15/12/2044 4,847% 200.000 USD DOMINICAN REPUBLIC Sovereign Ba3 BB- BB- 7,500% 104,875 107,125 06/05/2021 4,590% 100.000 USD DOMINICAN REPUBLIC Sovereign Ba3 BB- BB- 5,500% 99,600 102,350 27/01/2025 5,062% 100.000 USD DOMINICAN REPUBLIC Sovereign Ba3 BB- BB- 5,950% 101,000 103,750 25/01/2027 5,385% 100.000 USD DOMINICAN REPUBLIC Sovereign Ba3 BB- BB- 6,850% 100,000 103,000 27/01/2045 6,607% 100.000 USD DOMINICAN REPUBLIC Sovereign Ba3 BB- BB- 6,500% 96,875 99,875 15/02/2048 6,509% 150.000 USD REPUBLIC OF EL SALVADOR Sovereign B3 B-u CCC+ 7,375% 102,250 104,750 01/12/2019 3,299% 100.000 USD REPUBLIC OF EL SALVADOR Sovereign B3 B-u CCC+ 5,875% 93,500 96,000 30/01/2025 6,654% 10.000 USD REPUBLIC OF EL SALVADOR Sovereign B3 B-u CCC+ 6,375% 93,875 96,375 18/01/2027 6,954% 10.000 USD REPUBLIC OF EL SALVADOR Sovereign B3 B-u CCC+ 7,650% 97,000 99,500 15/06/2035 7,702% 10.000 USD REPUBLIC OF ECUADOR Sovereign - B- B- 10,500% 102,000 105,000 24/03/2020 6,961% 200.000 USD REPUBLIC OF ECUADOR Sovereign - B- B- 10,750% 103,250 106,250 28/03/2022 8,653% 200.000 USD REPUBLIC OF ECUADOR Sovereign - B- B- 8,750% 95,350 98,350 02/06/2023 9,184% 200.000 USD REPUBLIC OF ECUADOR Sovereign - B- B- 7,950% 90,550 93,550 20/06/2024 9,423% 200.000 USD REPUBLIC OF ECUADOR Sovereign - B- B- 8,875% 90,750 93,750 23/10/2027 9,932% 200.000 USD REPUBLIC OF ECUADOR Sovereign - B- B- 7,875% 86,500 89,750 23/01/2028 9,555% 200.000 USD REPUBLIC OF ECUADOR Sovereign C WD - 10,000% 45,000 57,100 15/08/2030 19,318% 15/02/2019 199,469% 10.000 USD ARAB REPUBLIC OF EGYPT Sovereign B3 B B 5,750% 100,944 103,660 29/04/2020 3,394% 100.000 USD ARAB REPUBLIC OF EGYPT Sovereign B3 B B 5,875% 93,736 96,565 11/06/2025 6,512% 200.000 USD ARAB REPUBLIC OF EGYPT Sovereign B3 B B 6,875% 86,289 89,395 30/04/2040 7,905% 100.000 USD REPUBLIC OF KOREA Sovereign Aa2 AA- AA 7,125% 102,351 104,469 16/04/2019-0,620% 100.000 USD REPUBLIC OF KOREA Sovereign Aa2 AA- AA 5,625% 112,534 115,099 03/11/2025 3,234% 100.000 USD REPUBLIC OF KOREA Sovereign Aa2 AA- AA 4,125% 103,593 106,741 10/06/2044 3,716% 200.000 EUR REPUBLIC OF KOREA Sovereign Aa2 AA- AA 4,250% 113,240 113,676 07/12/2021-0,001% 50.000 EUR REPUBLIC OF KOREA Sovereign Aa2 AA- AA 2,125% 107,922 109,543 10/06/2024 0,435% 100.000

USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 8,125% 107,365 109,825 30/12/2019 0,423% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 3,500% 100,000 102,215 21/01/2021 2,518% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 3,625% 99,700 101,920 15/03/2022 3,041% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 8,000% 118,400 120,900 24/09/2022 2,495% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 4,000% 100,500 102,600 02/10/2023 3,433% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 3,600% 97,100 99,600 30/01/2025 3,670% 200.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 11,500% 146,000 149,000 15/05/2026 4,003% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 4,125% 99,000 101,500 21/01/2026 3,887% 200.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 8,300% 138,500 142,000 15/08/2031 4,081% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 7,500% 126,000 128,855 08/04/2033 4,734% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 6,750% 119,000 122,000 27/09/2034 4,770% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 6,050% 110,850 113,250 11/01/2040 5,029% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 4,750% 95,470 97,800 08/03/2044 4,902% 10.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 4,600% 93,400 95,900 23/01/2046 4,873% 200.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 4,600% 93,750 95,550 10/02/2048 4,887% 200.000 USD UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 5,750% 101,000 103,500 12/10/2110 5,554% 10.000 EUR UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 5,500% 107,500 108,000 17/02/2020-0,160% 10.000 EUR UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 1,875% 103,924 105,670 23/02/2022 0,214% 100.000 EUR UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 2,750% 107,440 109,940 22/04/2023 0,554% 100.000 EUR UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 3,375% 111,707 114,388 23/02/2031 2,057% 100.000 EUR UNITED MEXICAN STATES Sovereign A3 BBB+ BBB+ 4,000% 91,706 94,672 15/03/2115 4,229% 100.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 10,750% 123,000 125,000 15/05/2020-3,740% 10.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 5,200% 102,745 104,960 30/01/2020 1,511% 100.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 9,375% 121,585 125,420 16/01/2023 3,054% 10.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 4,000% 101,650 104,150 22/09/2024 3,234% 22/06/2024 3,204% 200.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 3,750% 99,750 102,250 16/03/2025 3,361% 16/12/2024 3,347% 200.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 7,125% 120,625 122,875 29/01/2026 3,564% 100.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 8,875% 135,650 138,650 30/09/2027 3,782% 10.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 3,875% 98,750 102,250 17/03/2028 3,593% 17/12/2027 3,586% 200.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 9,375% 142,000 145,000 01/04/2029 4,077% 10.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 8,125% 133,500 138,800 28/04/2034 4,610% 10.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 6,700% 125,010 127,610 26/01/2036 4,407% 10.000 USD REPUBLIC OF PANAMA Sovereign Baa2 BBB BBB 4,300% 96,550 99,550 29/04/2053 4,325% 200.000 USD REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 7,125% 102,350 104,150 30/03/2019-0,669% 10.000 USD REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 7,350% 122,250 124,750 21/07/2025 3,279% 100.000 USD REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 4,125% 102,875 105,375 25/08/2027 3,421% 10.000 USD REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 8,750% 146,500 150,500 21/11/2033 4,211% 10.000 USD REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 6,550% 125,500 128,500 14/03/2037 4,300% 10.000 USD REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 5,625% 118,500 121,000 18/11/2050 4,398% 10.000

EUR REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 2,750% 109,375 112,000 30/01/2026 1,052% 100.000 EUR REPUBLIC OF PERU Sovereign A3 BBB+ BBB+ 3,750% 119,625 122,130 01/03/2030 1,624% 100.000 USD REPUBLIC OF PARAGUAY Sovereign Ba1 BB BB 4,625% 101,500 103,750 25/01/2023 3,683% 200.000 USD REPUBLIC OF PARAGUAY Sovereign Ba1 BB BB 5,000% 102,650 105,650 15/04/2026 4,123% 200.000 USD REPUBLIC OF PARAGUAY Sovereign (P)Ba1 BB BB 4,700% 100,000 103,000 27/03/2027 4,276% 200.000 USD REPUBLIC OF PARAGUAY Sovereign Ba1 BB BB 6,100% 105,150 109,150 11/08/2044 5,437% 200.000 USD REPUBLIC OF PARAGUAY Sovereign #N/A N/A BB BB 5,600% 99,372 102,455 13/03/2048 5,432% 200.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 9,875% 102,335 103,750 15/01/2019-1,671% 10.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 4,000% 101,498 103,980 15/01/2021 2,231% 100.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 9,500% 130,625 133,250 21/10/2024 3,406% 10.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 10,625% 139,229 141,767 16/03/2025 3,400% 10.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 7,750% 134,157 136,881 14/01/2031 3,941% 100.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 6,375% 124,879 127,629 23/10/2034 4,026% 100.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 5,000% 109,700 112,313 13/01/2037 4,042% 200.000 USD REPUBLIC OF PHILIPPINES Sovereign Baa2 BBB BBB 3,700% 93,896 96,375 01/03/2041 3,945% 200.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 3,500% 99,894 101,212 16/01/2019-0,225% 200.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 5,000% 101,557 103,956 29/04/2020 2,478% 100.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 4,500% 100,602 103,061 04/04/2022 3,572% 200.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 4,875% 101,820 104,250 16/09/2023 3,929% 200.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 12,750% 158,760 161,390 24/06/2028 4,799% 10.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 7,500% 109,285 111,785 31/03/2030 6,064% 10.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 5,625% 103,492 106,098 04/04/2042 5,174% 200.000 USD RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 5,875% 106,489 109,093 16/09/2043 5,220% 200.000 EUR RUSSIAN FEDERATION Sovereign Ba1 BBB- BBB- 3,625% 105,815 106,890 16/09/2020 0,159% 100.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 6,875% 102,015 104,326 27/05/2019 0,572% 100.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 5,500% 101,501 103,889 09/03/2020 2,785% 100.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 5,875% 103,210 105,560 30/05/2022 4,232% 100.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 4,665% 96,755 99,170 17/01/2024 4,842% 100.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 5,875% 100,545 102,960 16/09/2025 5,362% 200.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 6,250% 97,121 99,845 08/03/2041 6,263% 100.000 USD REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 5,375% 87,030 89,740 24/07/2044 6,174% 200.000 EUR REPUBLIC OF SOUTH AFRICA Sovereign Baa3 BB+ BB 3,750% 103,135 105,913 24/07/2026 2,902% 100.000

USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 7,000% 100,005 101,675 11/03/2019 3,431% 100.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 7,500% 100,280 102,800 07/11/2019 4,921% 100.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 7,000% 99,395 101,890 05/06/2020 5,816% 10.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 5,625% 95,724 98,455 30/03/2021 6,294% 100.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 5,125% 92,707 95,414 25/03/2022 6,607% 200.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 7,375% 97,540 100,135 05/02/2025 7,346% 10.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 6,125% 89,335 91,925 24/10/2028 7,266% 200.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 11,875% 129,455 132,700 15/01/2030 7,529% 10.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 8,000% 99,910 102,850 14/02/2034 7,680% 10.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 6,875% 89,705 92,540 17/03/2036 7,656% 10.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 7,250% 92,880 95,870 05/03/2038 7,661% 10.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 6,750% 87,050 89,929 30/05/2040 7,712% 100.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 6,000% 81,066 83,998 14/01/2041 7,485% 200.000 USD REPUBLIC OF TURKEY Sovereign Ba3 BB - 5,750% 77,860 80,560 11/05/2047 7,391% 200.000 EUR REPUBLIC OF TURKEY Sovereign Ba3 BB - 5,875% 100,390 101,440 02/04/2019 3,142% 50.000 EUR REPUBLIC OF TURKEY Sovereign Ba3 BB - 5,125% 99,700 102,465 18/05/2020 3,583% 50.000 EUR REPUBLIC OF TURKEY Sovereign Ba3 BB - 4,125% 95,522 98,467 11/04/2023 4,500% 100.000 USD UKRAINE GOVERNMENT Sovereign Caa2 B- B- 7,750% 100,510 103,345 01/09/2019 4,120% 100.000 USD UKRAINE GOVERNMENT Sovereign Caa2 B- B- 7,750% 100,460 103,330 01/09/2020 5,914% 100.000 USD UKRAINE GOVERNMENT Sovereign Caa2 B- B- 7,750% 96,054 98,882 01/09/2025 7,961% 100.000 USD UKRAINE GOVERNMENT Sovereign Caa2 B- B- 7,750% 94,065 96,785 01/09/2027 8,264% 100.000 USD UKRAINE GOVERNMENT Sovereign Caa2 B- B- 0,000% 53,334 56,520 31/05/2040 2,647% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 8,000% 113,850 114,950 18/11/2022 4,059% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 4,500% 102,415 103,750 14/08/2024 3,785% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 6,875% 113,065 114,915 28/09/2025 4,385% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 4,375% 100,840 102,175 27/10/2027 4,086% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 7,875% 134,500 136,500 15/01/2033 4,410% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 7,625% 133,625 135,125 21/03/2036 4,666% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 4,125% 91,090 92,590 20/11/2045 4,605% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 5,100% 100,410 101,910 18/06/2050 4,979% 10.000 USD REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- - 4,975% 99,000 100,300 20/04/2055 4,957% 10.000 EUR REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 7,000% 104,319 105,736 28/06/2019-0,382% 10.000 UYU REPUBLICA ORIENT URUGUAY Sovereign WR NR BBB 5,000% 99,630 100,630 14/09/2018 # NUM! 10.000 UYU REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 4,250% 102,500 105,750 05/04/2027 3,466% 10.000 UYU REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 4,375% 104,100 107,600 15/12/2028 3,485% 10.000 UYU REPUBLICA ORIENT URUGUAY Sovereign WR BBB- BBB 4,000% 101,150 104,650 10/07/2030 3,515% 10.000 UYU REPUBLICA ORIENT URUGUAY Sovereign Baa2 BBB- BBB 3,700% 98,350 102,100 26/06/2037 3,546% 10.000

USD REPUBLIC OF VENEZUELA Sovereign C WD D 7,000% 23,500 28,500 01/12/2018 1191,176% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 7,750% 22,970 27,535 13/10/2019 186,282% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 6,000% 21,415 26,030 09/12/2020 85,421% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 12,750% 22,595 27,195 23/08/2022 67,185% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 9,000% 21,830 26,450 07/05/2023 52,725% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 8,250% 22,575 27,175 13/10/2024 42,461% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 7,650% 21,400 25,930 21/04/2025 40,558% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 11,750% 23,085 27,830 21/10/2026 46,337% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 9,250% 22,500 27,000 15/09/2027 38,769% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 9,250% 21,645 26,275 07/05/2028 38,781% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 11,950% 22,875 27,500 05/08/2031 43,979% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 9,375% 24,350 28,950 13/01/2034 33,045% 10.000 USD REPUBLIC OF VENEZUELA Sovereign C WD D 7,000% 22,250 26,750 31/03/2038 26,706% 10.000 USD GOVERNMENT OF JAMAICA Sovereign B3 Bu B 8,000% 102,602 105,211 24/06/2019 1,126% 100.000 USD GOVERNMENT OF JAMAICA Sovereign B3 Bu B 11,625% 122,689 125,027 15/01/2022 3,566% 10.000 USD GOVERNMENT OF JAMAICA Sovereign B3 Bu B 9,250% 124,604 126,914 17/10/2025 4,730% 100.000 USD GOVERNMENT OF JAMAICA Sovereign B3 Bu B 8,500% 119,639 122,008 28/02/2036 6,388% 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 calificado 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