<SEC-DOCUMENT>0001062993-22-001772.txt : 20220128
<SEC-HEADER>0001062993-22-001772.hdr.sgml : 20220128
<ACCEPTANCE-DATETIME>20220128155340
ACCESSION NUMBER:		0001062993-22-001772
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20220128
DATE AS OF CHANGE:		20220128
EFFECTIVENESS DATE:		20220128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MIZUHO SECURITIES USA LLC
		CENTRAL INDEX KEY:			0001513006
		IRS NUMBER:				362880742
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-14335
		FILM NUMBER:		22568601

	BUSINESS ADDRESS:	
		STREET 1:		1271 AVENUE OF THE AMERICAS
		STREET 2:		FLOORS 2,3,4,18,19
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020
		BUSINESS PHONE:		212-209-9462

	MAIL ADDRESS:	
		STREET 1:		1271 AVENUE OF THE AMERICAS
		STREET 2:		FLOORS 2,3,4,18,19
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MIZUHO SECURITIES USA INC.
		DATE OF NAME CHANGE:	20110214
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>13F-HR</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>true</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0001513006</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>12-31-2021</periodOfReport>
    </filerInfo>
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    <coverPage>
      <reportCalendarOrQuarter>12-31-2021</reportCalendarOrQuarter>
      <filingManager>
        <name>MIZUHO SECURITIES USA LLC</name>
        <address>
          <ns1:street1>1271 AVENUE OF THE AMERICAS</ns1:street1>
          <ns1:city>NEW YORK</ns1:city>
          <ns1:stateOrCountry>NY</ns1:stateOrCountry>
          <ns1:zipCode>10020</ns1:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-14335</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Mitchell Billek</name>
      <title>CFO</title>
      <phone>201.626.1286</phone>
      <signature>Mitchell Billek</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>12-31-2021</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
      <tableEntryTotal>184</tableEntryTotal>
      <tableValueTotal>1112734</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
<SEQUENCE>2
<FILENAME>form13fInfoTable.xml
<DESCRIPTION>FORM 13F INFORMATION TABLE
<TEXT>
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	<infoTable>
		<nameOfIssuer>3M CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>88579Y101</cusip>
		<value>2196</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2196</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>8I ACQUISITION 2 CORP</nameOfIssuer>
		<titleOfClass>ORDINARY SHARES</titleOfClass>
		<cusip>G2956R103</cusip>
		<value>6396</value>
		<shrsOrPrnAmt>
			<sshPrnamt>662800</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6396</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ABRI SPAC I INC</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>00085X105</cusip>
		<value>1222</value>
		<shrsOrPrnAmt>
			<sshPrnamt>125296</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1222</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ACE GLOBAL BUSINESS ACQU LTD</nameOfIssuer>
		<titleOfClass>ORDINARY SHARES</titleOfClass>
		<cusip>G0083E102</cusip>
		<value>2745</value>
		<shrsOrPrnAmt>
			<sshPrnamt>275874</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2745</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AESTHER HEALTHCARE ACQSTN CO</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>00809L106</cusip>
		<value>7462</value>
		<shrsOrPrnAmt>
			<sshPrnamt>750000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7462</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AGBA ACQUISITION LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G0120M109</cusip>
		<value>4300</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4300</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AGRICO ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>CLASS A ORD SHS</titleOfClass>
		<cusip>G41089106</cusip>
		<value>1146</value>
		<shrsOrPrnAmt>
			<sshPrnamt>115179</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1146</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALBERTON ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>ORD SHS</titleOfClass>
		<cusip>G35006108</cusip>
		<value>2646</value>
		<shrsOrPrnAmt>
			<sshPrnamt>240584</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2646</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALLEGHENY TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>NOTE 3.500% 6/1</titleOfClass>
		<cusip>01741RAK8</cusip>
		<value>5800</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5800</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALTERYX INC</nameOfIssuer>
		<titleOfClass>NOTE 1.000% 8/0</titleOfClass>
		<cusip>02156BAF0</cusip>
		<value>177</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>177</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMERICAN AIRLINES GROUP INC</nameOfIssuer>
		<titleOfClass>NOTE 6.500% 7/0</titleOfClass>
		<cusip>02376RAF9</cusip>
		<value>4146</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4146</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMERICAN EAGLE OUTFITTERS IN</nameOfIssuer>
		<titleOfClass>NOTE 3.750% 4/1</titleOfClass>
		<cusip>02553EAB2</cusip>
		<value>2671</value>
		<shrsOrPrnAmt>
			<sshPrnamt>880000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2671</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AMERICAN ELEC PWR CO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>025537101</cusip>
		<value>1779</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1779</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMERICAN EXPRESS CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>025816109</cusip>
		<value>2022</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2022</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AMERICAN TOWER CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>03027X100</cusip>
		<value>449</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1536</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>449</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AMERICAS TECHNOLOGY ACQSN CO</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G0404A102</cusip>
		<value>3408</value>
		<shrsOrPrnAmt>
			<sshPrnamt>339418</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3408</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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	<infoTable>
		<nameOfIssuer>AMGEN INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>031162100</cusip>
		<value>2781</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2781</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APOLLO STRATEGIC GROWTH CAPT</nameOfIssuer>
		<titleOfClass>SHS CL A</titleOfClass>
		<cusip>G0411R106</cusip>
		<value>246</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>246</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APPLE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>037833100</cusip>
		<value>2195</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2195</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARBOR REALTY TRUST INC</nameOfIssuer>
		<titleOfClass>NOTE 4.750%11/0</titleOfClass>
		<cusip>038923AP3</cusip>
		<value>4391</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4391</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARCH RESOURCES INC</nameOfIssuer>
		<titleOfClass>NOTE 5.250%11/1</titleOfClass>
		<cusip>039389AB7</cusip>
		<value>2608</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2608</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARISZ ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>040450108</cusip>
		<value>4912</value>
		<shrsOrPrnAmt>
			<sshPrnamt>507400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4912</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BANNIX ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>066644105</cusip>
		<value>6121</value>
		<shrsOrPrnAmt>
			<sshPrnamt>627795</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6121</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BENESSERE CAPITAL ACQUSTN CO</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>08179B103</cusip>
		<value>4897</value>
		<shrsOrPrnAmt>
			<sshPrnamt>484360</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4897</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BETTER WORLD ACQUISITION COR</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>08772B104</cusip>
		<value>8939</value>
		<shrsOrPrnAmt>
			<sshPrnamt>885932</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8939</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BILL COM HLDGS INC</nameOfIssuer>
		<titleOfClass>NOTE 12/0</titleOfClass>
		<cusip>090043AB6</cusip>
		<value>3389</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1993000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3389</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLACKSTONE MORTGAGE TRUST IN</nameOfIssuer>
		<titleOfClass>NOTE 4.750% 3/1</titleOfClass>
		<cusip>09257WAC4</cusip>
		<value>926</value>
		<shrsOrPrnAmt>
			<sshPrnamt>906000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>926</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLOCKCHAIN MOON ACQUISITN CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>09370F109</cusip>
		<value>3045</value>
		<shrsOrPrnAmt>
			<sshPrnamt>312906</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3045</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BOEING CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>097023105</cusip>
		<value>2489</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2489</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BREEZE HOLDINGS ACQUISITN CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>106762107</cusip>
		<value>6904</value>
		<shrsOrPrnAmt>
			<sshPrnamt>686919</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6904</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BRILLIANT ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G1643W111</cusip>
		<value>4591</value>
		<shrsOrPrnAmt>
			<sshPrnamt>459116</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4591</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BURGUNDY TECHNOLOGY ACQU COR</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>G1702T116</cusip>
		<value>3964</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3964</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CARNIVAL CORP</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>143658300</cusip>
		<value>8042</value>
		<shrsOrPrnAmt>
			<sshPrnamt>399700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8042</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CARNIVAL CORP</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>143658300</cusip>
		<value>0</value>
		<shrsOrPrnAmt>
			<sshPrnamt>399700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CATERPILLAR INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>149123101</cusip>
		<value>2556</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2556</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CENAQ ENERGY CORP</nameOfIssuer>
		<titleOfClass>CLASS A ORD SHS</titleOfClass>
		<cusip>15130M102</cusip>
		<value>6343</value>
		<shrsOrPrnAmt>
			<sshPrnamt>647259</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6343</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHARDAN NEXTECH ACQUISITION</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>159561109</cusip>
		<value>5071</value>
		<shrsOrPrnAmt>
			<sshPrnamt>510703</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5071</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHEVRON CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>166764100</cusip>
		<value>1451</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1451</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHP MERGER CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>12558Y106</cusip>
		<value>7637</value>
		<shrsOrPrnAmt>
			<sshPrnamt>759131</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7637</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CISCO SYS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>17275R102</cusip>
		<value>783</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>783</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CITIC CAPITAL ACQUISITION CO</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>G21513109</cusip>
		<value>7299</value>
		<shrsOrPrnAmt>
			<sshPrnamt>732137</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7299</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CLEANTECH ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>18453L107</cusip>
		<value>2064</value>
		<shrsOrPrnAmt>
			<sshPrnamt>208472</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2064</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CLOVER LEAF CAPITAL CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>18915E105</cusip>
		<value>8083</value>
		<shrsOrPrnAmt>
			<sshPrnamt>816476</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8083</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CNX RES CORP</nameOfIssuer>
		<titleOfClass>NOTE 2.250% 5/0</titleOfClass>
		<cusip>12653CAG3</cusip>
		<value>6497</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5005000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6497</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COCA COLA CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>191216100</cusip>
		<value>732</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>732</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COUPA SOFTWARE INC</nameOfIssuer>
		<titleOfClass>NOTE 0.375% 6/1</titleOfClass>
		<cusip>22266LAF3</cusip>
		<value>1864</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1864</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COUPA SOFTWARE INC</nameOfIssuer>
		<titleOfClass>NOTE 0.125% 6/1</titleOfClass>
		<cusip>22266LAC0</cusip>
		<value>6079</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4985000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6079</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CROWN CASTLE INTL CORP NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>22822V101</cusip>
		<value>305</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1459</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>305</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DATA KNIGHTS ACQUISITION COR</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>237699103</cusip>
		<value>4651</value>
		<shrsOrPrnAmt>
			<sshPrnamt>469804</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4651</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DATADOG INC</nameOfIssuer>
		<titleOfClass>NOTE 0.125% 6/1</titleOfClass>
		<cusip>23804LAB9</cusip>
		<value>10053</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5025000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>10053</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DEEP MEDICINE ACQUISITION CO</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>243733102</cusip>
		<value>7850</value>
		<shrsOrPrnAmt>
			<sshPrnamt>801010</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7850</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DICKS SPORTING GOODS INC</nameOfIssuer>
		<titleOfClass>NOTE 3.250% 4/1</titleOfClass>
		<cusip>253393AD4</cusip>
		<value>630</value>
		<shrsOrPrnAmt>
			<sshPrnamt>178000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>630</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DIGITAL HEALTH ACQUISITION C</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>253893101</cusip>
		<value>687</value>
		<shrsOrPrnAmt>
			<sshPrnamt>69740</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>687</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DOW INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>260557103</cusip>
		<value>701</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>701</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EDOC ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>G4000A102</cusip>
		<value>7343</value>
		<shrsOrPrnAmt>
			<sshPrnamt>730642</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7343</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EQUINIX INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>29444U700</cusip>
		<value>256</value>
		<shrsOrPrnAmt>
			<sshPrnamt>303</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>256</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FAST ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>311875108</cusip>
		<value>252</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>252</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FAT PROJECTS ACQUISITION COR</nameOfIssuer>
		<titleOfClass>CLASS A ORD SHS</titleOfClass>
		<cusip>G3400W102</cusip>
		<value>3910</value>
		<shrsOrPrnAmt>
			<sshPrnamt>403065</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3910</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MANDIANT INC</nameOfIssuer>
		<titleOfClass>NOTE 0.875% 6/0</titleOfClass>
		<cusip>31816QAF8</cusip>
		<value>5249</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5075000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5249</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FIVE9 INC</nameOfIssuer>
		<titleOfClass>NOTE 0.500% 6/0</titleOfClass>
		<cusip>338307AD3</cusip>
		<value>612</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>612</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FORTUNE RISE ACQUISITION COR</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>34969G102</cusip>
		<value>5255</value>
		<shrsOrPrnAmt>
			<sshPrnamt>533536</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5255</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>G3 VRM ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>362425100</cusip>
		<value>2941</value>
		<shrsOrPrnAmt>
			<sshPrnamt>300100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2941</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GIGCAPITAL 5 INC</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>37519U109</cusip>
		<value>2839</value>
		<shrsOrPrnAmt>
			<sshPrnamt>288520</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2839</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GINKGO BIOWORKS HOLDINGS INC</nameOfIssuer>
		<titleOfClass>CL A SHS</titleOfClass>
		<cusip>37611X100</cusip>
		<value>1</value>
		<shrsOrPrnAmt>
			<sshPrnamt>18000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLOBAL CONSUMER ACQUISITN CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>37892B108</cusip>
		<value>6656</value>
		<shrsOrPrnAmt>
			<sshPrnamt>679160</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6656</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLOBAL X FDS</nameOfIssuer>
		<titleOfClass>GLOBAL X SILVER</titleOfClass>
		<cusip>37954Y848</cusip>
		<value>367</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>367</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLOBALINK INVT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>37892F109</cusip>
		<value>4875</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4875</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLOBIS ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>379582109</cusip>
		<value>7198</value>
		<shrsOrPrnAmt>
			<sshPrnamt>723387</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7198</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GOLDEN PATH ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>ORDINARY SHARES</titleOfClass>
		<cusip>G4028H105</cusip>
		<value>1442</value>
		<shrsOrPrnAmt>
			<sshPrnamt>145640</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1442</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GOLDENBRIDGE ACQUISITION LTD</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G3970D104</cusip>
		<value>4428</value>
		<shrsOrPrnAmt>
			<sshPrnamt>451850</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4428</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GOLDMAN SACHS GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>38141G104</cusip>
		<value>4729</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4729</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GREENCITY ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G4086B107</cusip>
		<value>3007</value>
		<shrsOrPrnAmt>
			<sshPrnamt>298905</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3007</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HANNON ARMSTRONG SUST INFR C</nameOfIssuer>
		<titleOfClass>NOTE 8/1</titleOfClass>
		<cusip>41068XAD2</cusip>
		<value>6460</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5430000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6460</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HOME DEPOT INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>437076102</cusip>
		<value>5130</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5130</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HONEYWELL INTL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>438516106</cusip>
		<value>2578</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2578</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INDUSTRIAL HUMAN CAPITAL INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>45617P104</cusip>
		<value>1960</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1960</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INTEL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>458140100</cusip>
		<value>637</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>637</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INTERNATIONAL BUSINESS MACHS</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>459200101</cusip>
		<value>1652</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1652</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INVESCO EXCH TRD SLF IDX FD</nameOfIssuer>
		<titleOfClass>RUSL 1000 DYNM</titleOfClass>
		<cusip>46138J619</cusip>
		<value>202</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3994</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>202</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INVESCO QQQ TR</nameOfIssuer>
		<titleOfClass>UNIT SER 1</titleOfClass>
		<cusip>46090E103</cusip>
		<value>10092</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25391</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>10092</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INVESCO QQQ TR</nameOfIssuer>
		<titleOfClass>UNIT SER 1</titleOfClass>
		<cusip>46090E103</cusip>
		<value>37</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25391</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>37</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>RUSSELL 2000 ETF</titleOfClass>
		<cusip>464287655</cusip>
		<value>56094</value>
		<shrsOrPrnAmt>
			<sshPrnamt>252004</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>56094</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>JOHNSON &amp; JOHNSON</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>478160104</cusip>
		<value>2115</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2115</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>JPMORGAN CHASE &amp; CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>46625H100</cusip>
		<value>1958</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1958</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KBR INC</nameOfIssuer>
		<titleOfClass>NOTE 2.500%11/0</titleOfClass>
		<cusip>48242WAB2</cusip>
		<value>2663</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1398000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2663</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LIBERTY RES ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>53118A105</cusip>
		<value>245</value>
		<shrsOrPrnAmt>
			<sshPrnamt>25000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>245</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LIONHEART ACQUISITION CORP I</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>53625R104</cusip>
		<value>16039</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1613553</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16039</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LIVE NATION ENTERTAINMENT IN</nameOfIssuer>
		<titleOfClass>NOTE 2.000% 2/1</titleOfClass>
		<cusip>538034AU3</cusip>
		<value>2629</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2629</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LMF ACQUISITION OPPORTUNIT I</nameOfIssuer>
		<titleOfClass>CL A COM</titleOfClass>
		<cusip>502015100</cusip>
		<value>3013</value>
		<shrsOrPrnAmt>
			<sshPrnamt>305865</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3013</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LUMENTUM HLDGS INC</nameOfIssuer>
		<titleOfClass>NOTE 0.250% 3/1</titleOfClass>
		<cusip>55024UAB5</cusip>
		<value>8528</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4800000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8528</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>LYFT INC</nameOfIssuer>
		<titleOfClass>NOTE 1.500% 5/1</titleOfClass>
		<cusip>55087PAB0</cusip>
		<value>15</value>
		<shrsOrPrnAmt>
			<sshPrnamt>11000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>15</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MALACCA STRAITS ACQUISITION</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>G5859B117</cusip>
		<value>4425</value>
		<shrsOrPrnAmt>
			<sshPrnamt>444695</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4425</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MALLARD ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>561204108</cusip>
		<value>3637</value>
		<shrsOrPrnAmt>
			<sshPrnamt>365531</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3637</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MCDONALDS CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>580135101</cusip>
		<value>3314</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3314</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MERCK &amp; CO INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>58933Y105</cusip>
		<value>947</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>947</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MICROSOFT CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>594918104</cusip>
		<value>4158</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4158</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MINORITY EQUALITY OPPORTUNIT</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>60436Q100</cusip>
		<value>2612</value>
		<shrsOrPrnAmt>
			<sshPrnamt>263840</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2612</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MODEL PERFORMANCE ACQU CORP</nameOfIssuer>
		<titleOfClass>CLASS A ORD SHS</titleOfClass>
		<cusip>G6246M105</cusip>
		<value>3363</value>
		<shrsOrPrnAmt>
			<sshPrnamt>338002</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3363</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MONGODB INC</nameOfIssuer>
		<titleOfClass>NOTE 0.250% 1/1</titleOfClass>
		<cusip>60937PAD8</cusip>
		<value>13728</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5381000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>13728</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MONTEREY BIO ACQUISITION COR</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>61240F108</cusip>
		<value>1734</value>
		<shrsOrPrnAmt>
			<sshPrnamt>176056</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1734</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NCL CORP LTD</nameOfIssuer>
		<titleOfClass>NOTE 6.000% 5/1</titleOfClass>
		<cusip>62886HAT8</cusip>
		<value>6631</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3843000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6631</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NIKE INC</nameOfIssuer>
		<titleOfClass>CL B</titleOfClass>
		<cusip>654106103</cusip>
		<value>2060</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2060</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NORWEGIAN CRUISE LINE HLDG L</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G66721104</cusip>
		<value>3768</value>
		<shrsOrPrnAmt>
			<sshPrnamt>181700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3768</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NORWEGIAN CRUISE LINE HLDG L</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G66721104</cusip>
		<value>0</value>
		<shrsOrPrnAmt>
			<sshPrnamt>181700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>0</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NUTANIX INC</nameOfIssuer>
		<titleOfClass>NOTE 1/1</titleOfClass>
		<cusip>67059NAB4</cusip>
		<value>1877</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1864000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1877</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OKTA INC</nameOfIssuer>
		<titleOfClass>NOTE 0.125% 9/0</titleOfClass>
		<cusip>679295AD7</cusip>
		<value>4872</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3599000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4872</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OTR ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>67113Q105</cusip>
		<value>4656</value>
		<shrsOrPrnAmt>
			<sshPrnamt>463292</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4656</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PACIFICO ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>69512X103</cusip>
		<value>2111</value>
		<shrsOrPrnAmt>
			<sshPrnamt>216563</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2111</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PALO ALTO NETWORKS INC</nameOfIssuer>
		<titleOfClass>NOTE 0.375% 6/0</titleOfClass>
		<cusip>697435AF2</cusip>
		<value>13458</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7125000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>13458</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PARSEC CAPITAL ACQUISITION</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>70184A108</cusip>
		<value>2303</value>
		<shrsOrPrnAmt>
			<sshPrnamt>235000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2303</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PETRA ACQUISITION INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>716421102</cusip>
		<value>2281</value>
		<shrsOrPrnAmt>
			<sshPrnamt>225862</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2281</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PHP VENTURES ACQUISITION COR</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>69291C106</cusip>
		<value>3868</value>
		<shrsOrPrnAmt>
			<sshPrnamt>394688</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3868</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PONO CAPITAL CORP</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>732450101</cusip>
		<value>4386</value>
		<shrsOrPrnAmt>
			<sshPrnamt>443895</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4386</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROCTER AND GAMBLE CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>742718109</cusip>
		<value>2022</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2022</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROLOGIS INC.</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>74340W103</cusip>
		<value>420</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2495</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>420</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RINGCENTRAL INC</nameOfIssuer>
		<titleOfClass>NOTE 3/0</titleOfClass>
		<cusip>76680RAF4</cusip>
		<value>1909</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2056000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1909</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ROBINHOOD MKTS INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>770700102</cusip>
		<value>1776</value>
		<shrsOrPrnAmt>
			<sshPrnamt>100000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1776</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ROC ENERGY ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>77118V108</cusip>
		<value>8242</value>
		<shrsOrPrnAmt>
			<sshPrnamt>830000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8242</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ROC ENERGY ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>RIGHT 11/30/2028</titleOfClass>
		<cusip>77118V116</cusip>
		<value>93</value>
		<shrsOrPrnAmt>
			<sshPrnamt>805300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>93</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SAILPOINT TECHNOLOGIES HLDGS</nameOfIssuer>
		<titleOfClass>NOTE 0.125% 9/1</titleOfClass>
		<cusip>78781PAB1</cusip>
		<value>8944</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5055000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8944</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SALESFORCE COM INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>79466L302</cusip>
		<value>3142</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3142</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SCVX CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>G79448208</cusip>
		<value>11737</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1180753</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>11737</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
		<titleOfClass>SBI MATERIALS</titleOfClass>
		<cusip>81369Y100</cusip>
		<value>4084</value>
		<shrsOrPrnAmt>
			<sshPrnamt>45060</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4084</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
		<titleOfClass>SBI HEALTHCARE</titleOfClass>
		<cusip>81369Y209</cusip>
		<value>9202</value>
		<shrsOrPrnAmt>
			<sshPrnamt>65325</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>9202</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
		<titleOfClass>TECHNOLOGY</titleOfClass>
		<cusip>81369Y803</cusip>
		<value>2211</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12720</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2211</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SELECT SECTOR SPDR TR</nameOfIssuer>
		<titleOfClass>SBI INT-UTILS</titleOfClass>
		<cusip>81369Y886</cusip>
		<value>4673</value>
		<shrsOrPrnAmt>
			<sshPrnamt>65278</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4673</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SILICON LABORATORIES INC</nameOfIssuer>
		<titleOfClass>NOTE 0.625% 6/1</titleOfClass>
		<cusip>826919AD4</cusip>
		<value>5469</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3129000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5469</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SNAP INC</nameOfIssuer>
		<titleOfClass>NOTE 0.750% 8/0</titleOfClass>
		<cusip>83304AAB2</cusip>
		<value>8605</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8605</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SNAP INC</nameOfIssuer>
		<titleOfClass>NOTE 0.250% 5/0</titleOfClass>
		<cusip>83304AAD8</cusip>
		<value>3990</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1800000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3990</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
		<titleOfClass>TR UNIT</titleOfClass>
		<cusip>78462F103</cusip>
		<value>348374</value>
		<shrsOrPrnAmt>
			<sshPrnamt>733785</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>348374</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BLOCK INC</nameOfIssuer>
		<titleOfClass>NOTE 0.125% 3/0</titleOfClass>
		<cusip>852234AF0</cusip>
		<value>3700</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3700</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STANLEY BLACK &amp; DECKER INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>854502101</cusip>
		<value>9318</value>
		<shrsOrPrnAmt>
			<sshPrnamt>49400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>9318</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>STARWOOD PPTY TR INC</nameOfIssuer>
		<titleOfClass>NOTE 4.375% 4/0</titleOfClass>
		<cusip>85571BAH8</cusip>
		<value>3501</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3378000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3501</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TRAVELERS COMPANIES INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89417E109</cusip>
		<value>1934</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1934</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TUSCAN HLDGS CORP II</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>90070A103</cusip>
		<value>6833</value>
		<shrsOrPrnAmt>
			<sshPrnamt>675150</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6833</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>TWITTER INC</nameOfIssuer>
		<titleOfClass>NOTE 0.250% 6/1</titleOfClass>
		<cusip>90184LAF9</cusip>
		<value>4016</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3700000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4016</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>UNITEDHEALTH GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>91324P102</cusip>
		<value>6207</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6207</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>USHG ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>91748P100</cusip>
		<value>102</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>102</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ACKRELL SPAC PARTNERS I CO</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>00461L303</cusip>
		<value>11477</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1150000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>11477</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPHA STAR ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>UNIT 12/13/2026</titleOfClass>
		<cusip>G0230C124</cusip>
		<value>7070</value>
		<shrsOrPrnAmt>
			<sshPrnamt>700000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7070</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AROGO CAPITAL ACQUISITION CO</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>042644203</cusip>
		<value>500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BURTECH ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>UNIT 12/10/2026</titleOfClass>
		<cusip>123013203</cusip>
		<value>1994</value>
		<shrsOrPrnAmt>
			<sshPrnamt>200000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1994</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CANNA GLOBAL ACQUISITION COR</nameOfIssuer>
		<titleOfClass>UNIT 11/30/2026</titleOfClass>
		<cusip>13767K200</cusip>
		<value>4930</value>
		<shrsOrPrnAmt>
			<sshPrnamt>490552</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4930</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ENERGEM CORP</nameOfIssuer>
		<titleOfClass>UNIT 11/15/2026</titleOfClass>
		<cusip>G30449113</cusip>
		<value>7035</value>
		<shrsOrPrnAmt>
			<sshPrnamt>700000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7035</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FINANCIAL STRATEGIES ACQUISI</nameOfIssuer>
		<titleOfClass>UNIT 03/31/2028</titleOfClass>
		<cusip>31772T206</cusip>
		<value>6090</value>
		<shrsOrPrnAmt>
			<sshPrnamt>600000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6090</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FINTECH ECOSYSTEM DEVE</nameOfIssuer>
		<titleOfClass>UNIT 04/01/2026</titleOfClass>
		<cusip>318136207</cusip>
		<value>7070</value>
		<shrsOrPrnAmt>
			<sshPrnamt>700000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7070</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GARDINER HEALTHCARE ACQTS CO</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>365506203</cusip>
		<value>603</value>
		<shrsOrPrnAmt>
			<sshPrnamt>60000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>603</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GENESIS GRWT TECH ACQUSTN CO</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>G3R23D110</cusip>
		<value>5000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLOBAL SPAC PARTNERS CO</nameOfIssuer>
		<titleOfClass>UNIT 03/12/2026</titleOfClass>
		<cusip>G3934K103</cusip>
		<value>5804</value>
		<shrsOrPrnAmt>
			<sshPrnamt>586290</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5804</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INCEPTION GROWTH ACQUSTN LTD</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>45333D203</cusip>
		<value>5500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>550000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INFINT ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>G47862118</cusip>
		<value>4505</value>
		<shrsOrPrnAmt>
			<sshPrnamt>450530</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4505</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INTEGRATED RAIL AND RES ACQ</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>45827R205</cusip>
		<value>539</value>
		<shrsOrPrnAmt>
			<sshPrnamt>53876</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>539</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>JUPITER WELLNESS ACQUISITION</nameOfIssuer>
		<titleOfClass>UNIT 12/06/2026</titleOfClass>
		<cusip>48208E207</cusip>
		<value>5500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>550000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>5500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KAIROUS ACQUISITION CORP LTD</nameOfIssuer>
		<titleOfClass>UNIT 09/15/2026</titleOfClass>
		<cusip>G52131102</cusip>
		<value>4000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>400000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MANA CAP ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>UNIT 11/22/2026</titleOfClass>
		<cusip>56168P203</cusip>
		<value>3535</value>
		<shrsOrPrnAmt>
			<sshPrnamt>350000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3535</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MOUNT RAINIER ACQUISITION CO</nameOfIssuer>
		<titleOfClass>UNIT 11/27/2026</titleOfClass>
		<cusip>623006202</cusip>
		<value>7538</value>
		<shrsOrPrnAmt>
			<sshPrnamt>750000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7538</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NEXTERA ENERGY INC</nameOfIssuer>
		<titleOfClass>UNIT 09/01/2022S</titleOfClass>
		<cusip>65339F796</cusip>
		<value>8711</value>
		<shrsOrPrnAmt>
			<sshPrnamt>134400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8711</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>NORTHVIEW ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>66718N202</cusip>
		<value>8000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>800000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OMNILIT ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>UNIT 11/08/2026</titleOfClass>
		<cusip>68218C207</cusip>
		<value>2542</value>
		<shrsOrPrnAmt>
			<sshPrnamt>255448</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2542</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PG&amp;E CORP</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>69331C140</cusip>
		<value>2220</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2220</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WELSBACH TECH METALS ACQU CO</nameOfIssuer>
		<titleOfClass>UNIT 12/22/2026</titleOfClass>
		<cusip>950415208</cusip>
		<value>500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>50000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
		<titleOfClass>GOLD MINERS ETF</titleOfClass>
		<cusip>92189F106</cusip>
		<value>480</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>480</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
		<titleOfClass>GOLD MINERS ETF</titleOfClass>
		<cusip>92189F106</cusip>
		<value>16</value>
		<shrsOrPrnAmt>
			<sshPrnamt>15000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>16</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
		<titleOfClass>JUNIOR GOLD MINE</titleOfClass>
		<cusip>92189F791</cusip>
		<value>210</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>210</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VARONIS SYS INC</nameOfIssuer>
		<titleOfClass>NOTE 1.250% 8/1</titleOfClass>
		<cusip>922280AB8</cusip>
		<value>1702</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1000000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1702</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VENTOUX CCM ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92280L101</cusip>
		<value>2813</value>
		<shrsOrPrnAmt>
			<sshPrnamt>282740</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2813</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VENUS ACQUISITION CORPORATIO</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G9420F102</cusip>
		<value>4806</value>
		<shrsOrPrnAmt>
			<sshPrnamt>482497</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4806</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VERIZON COMMUNICATIONS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>92343V104</cusip>
		<value>642</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>642</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VICKERS VANTAGE CORP I</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G9440B107</cusip>
		<value>6682</value>
		<shrsOrPrnAmt>
			<sshPrnamt>675000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6682</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VISA INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>92826C839</cusip>
		<value>2679</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>2679</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VISION SENSING ACQUISITION C</nameOfIssuer>
		<titleOfClass>CLASS A COM</titleOfClass>
		<cusip>92838J103</cusip>
		<value>1478</value>
		<shrsOrPrnAmt>
			<sshPrnamt>150094</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1478</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VISTAS MEDIA ACQUISITION CO</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>92840T107</cusip>
		<value>7979</value>
		<shrsOrPrnAmt>
			<sshPrnamt>797910</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>7979</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WALGREENS BOOTS ALLIANCE INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>931427108</cusip>
		<value>645</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>645</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WALMART INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>931142103</cusip>
		<value>1789</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1789</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DISNEY WALT CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>254687106</cusip>
		<value>1915</value>
		<shrsOrPrnAmt>
			<sshPrnamt>12362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>1915</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WINVEST ACQUISITION CORP</nameOfIssuer>
		<titleOfClass>COMMON STOCK</titleOfClass>
		<cusip>97655B109</cusip>
		<value>3415</value>
		<shrsOrPrnAmt>
			<sshPrnamt>350300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>3415</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WIX COM LTD</nameOfIssuer>
		<titleOfClass>NOTE 7/0</titleOfClass>
		<cusip>92940WAB5</cusip>
		<value>6033</value>
		<shrsOrPrnAmt>
			<sshPrnamt>4750000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>6033</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DIGITAL HEALTH ACQUISITION C</nameOfIssuer>
		<titleOfClass>*W EXP 11/02/202</titleOfClass>
		<cusip>253893119</cusip>
		<value>24</value>
		<shrsOrPrnAmt>
			<sshPrnamt>67740</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>24</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FORTUNE RISE ACQUISITION COR</nameOfIssuer>
		<titleOfClass>*W EXP 12/06/202</titleOfClass>
		<cusip>34969G110</cusip>
		<value>90</value>
		<shrsOrPrnAmt>
			<sshPrnamt>224363</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>90</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GLOBALINK INVT INC</nameOfIssuer>
		<titleOfClass>*W EXP 12/03/202</titleOfClass>
		<cusip>37892F125</cusip>
		<value>27</value>
		<shrsOrPrnAmt>
			<sshPrnamt>182434</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>27</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>XILINX INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>983919101</cusip>
		<value>530</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>530</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ZENDESK INC</nameOfIssuer>
		<titleOfClass>NOTE 0.625% 6/1</titleOfClass>
		<cusip>98936JAD3</cusip>
		<value>4147</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>4147</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ZILLOW GROUP INC</nameOfIssuer>
		<titleOfClass>NOTE 0.750% 9/0</titleOfClass>
		<cusip>98954MAE1</cusip>
		<value>8237</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5318000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>8237</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ZSCALER INC</nameOfIssuer>
		<titleOfClass>NOTE 0.125% 7/0</titleOfClass>
		<cusip>98980GAB8</cusip>
		<value>11290</value>
		<shrsOrPrnAmt>
			<sshPrnamt>5181000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>DFND</investmentDiscretion>
		<votingAuthority>
			<Sole>11290</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>