Annual report: Period Ended 31 December 2012 - Invesco Perpetual
Annual report: Period Ended 31 December 2012 - Invesco Perpetual
Annual report: Period Ended 31 December 2012 - Invesco Perpetual
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City Merchants High Yield Trust Limited 11<br />
Market<br />
Moody/S&P Country of Value % of<br />
Issuer Issue Rating Sector Incorporation £’000 Portfolio<br />
First Hydro Finance 9% <strong>31</strong> Jul 2021 NR/NR Utilities UK 1,883 1.60<br />
Unitymedia Kabel 9.625% 01 Dec 2019 B3/B– Consumer Services Germany 1,820 1.55<br />
Obrascon Huarte Lain 8.75% 15 Mar 2018 Ba2/NR Industrials Spain 1,755 1.49<br />
INEOS Finance 9.25% 15 May 2015 B1/B+ Basic Materials UK 1,735 1.48<br />
Santos Finance 8.25% FRN 22 Sep 2070 NR/BB Oil and Gas Australia 1,711 1.46<br />
Origin Energy 7.875% FRN 16 Jun 2071 Baa3/BB Oil and Gas Australia 1,703 1.45<br />
RWE 4.625% FRN <strong>Perpetual</strong> Baa2/BBB– Utilities Germany 1,651 1.41<br />
UBS Capital Securities 8.836% FRN <strong>Perpetual</strong> Ba2/BBB– Financials UK 1,634 1.39<br />
AXA 5.25% FRN 16 Apr 2040 A3/BBB Financials France 845 0.72<br />
6.379% FRN <strong>Perpetual</strong> Baa1/BBB– 603 0.51<br />
1,448 1.23<br />
Iron Mountain 6.75% 15 Oct 2018 B1/B+ Support Services USA 1,444 1.23<br />
Standard Life 6.75% VAR <strong>Perpetual</strong> A3/A– Financials UK 1,055 0.90<br />
5.5% VAR 04 Dec 2042 Baa2/BBB 368 0.<strong>31</strong><br />
1,423 1.21<br />
General Accident 8.875% Cum Irrd Prf NR/NR Financials UK 1,380 1.18<br />
Campofrio Food 8.25% <strong>31</strong> Oct 2016 Ba3/BB– Consumer Goods Spain 1,302 1.11<br />
Wind Acquisition 11.75% 15 Jul 2017 B3/B+ Consumer Services Luxembourg 637 0.54<br />
Finance 7.375% 15 Feb 2018 Ba3/BB– 635 0.54<br />
1,272 1.08<br />
InterGen 9.5% 30 Jun 2017 Ba3/BB– Oil and Gas Netherlands 1,251 1.06<br />
UniCredit International 8.125% FRN <strong>Perpetual</strong> Ba2/BB+ Financials Luxembourg 802 0.68<br />
Bank 8.5925% FRN <strong>Perpetual</strong> Ba2/BB+ 440 0.38<br />
1,242 1.06<br />
Suez Environnement 4.82% FRN <strong>Perpetual</strong> Baa2/NR Utilities France 1,237 1.05<br />
Bank of America 6.125% 15 Sep 2021 Baa2/A– Financials USA 1,173 1.00<br />
Boparan Finance 9.875% 30 Apr 2018 Ba3/B+ Consumer Goods UK 1,134 0.96<br />
TMF FRN 01 Dec 2018 B1/B Financials Netherlands 607 0.52<br />
9.875% 01 Dec 2019 Caa1/CCC+ 482 0.41<br />
1,089 0.93<br />
Thames Water 7.75% 01 Apr 2019 B1/NR Utilities UK 1,087 0.92<br />
Novae 6.5% 27 Apr 2017 Baa3/NR Financials UK 1,073 0.91<br />
Gala Finance 8.875% 01 Sep 2018 B3/B+ Consumer Services UK 1,055 0.90<br />
Direct Line Insurance 9.25% FRN 27 Apr 2042 Baa1/BBB+ Financials UK 1,052 0.90<br />
Southern Water 8.5% 15 Apr 2019 NR/BB– Utilities UK 1,047 0.89<br />
RSA Insurance 8.5% FRN <strong>Perpetual</strong> Baa1/A– Financials UK 949 0.81<br />
Alcatel-Lucent 6.45% 15 Mar 2029 WR/CCC+ Technology USA 466 0.40<br />
6.5% 15 Jan 2028 WR/CCC+ 461 0.39<br />
927 0.79<br />
Santander 11.3% FRN <strong>Perpetual</strong> Ba3/BB Financials Spain 523 0.45<br />
7.3% FRN 27 Jul 2019 Baa3/BBB– 399 0.34<br />
922 0.79<br />
BES Finance 3.5% Cnv 06 Dec 2015 NR/BB– Financials Luxembourg 647 0.55<br />
6% FRN 07 Feb 2035 Ba3/BB– 272 0.23<br />
919 0.78
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