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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                     A S I A   P A C I F I C

          Tuesday, October 27, 2020, Vol. 23, No. 215

                           Headlines



A U S T R A L I A

CITI PRIVATE: Second Creditors' Meeting Set for Nov. 4
FIVE STAR 2019-1: Fitch Affirms BB+sf Rating on Class F Notes
G.M. ELECTRICAL: Second Creditors' Meeting Set for Nov. 3
SECURE INVESTMENTS: ASIC Obtains Court Wind Up Orders
XBLADES SPORTS: First Creditors' Meeting Set for Nov. 5



C H I N A

ADDENTAX GROUP: Posts $204,000 Net Income for the June 30 Quarter


I N D I A

A ASPAM: CRISIL Lowers Rating on INR30cr Term Loan to B
AKASHGANGA INFRAVENTURES: Ind-Ra Keeps BB+ Rating in NonCooperating
ASPAM ACADEMY: CRISIL Cuts INR76cr Term Loan Rating to B+
BHILAI INSTITUTE: CRISIL Keeps D Debt Rating in Not Cooperating
GAGANA ENTERPRISES: CRISIL Keeps B+ Ratings in Not Cooperating

GAJANAN EXTRACTION: CRISIL Keeps B+ Ratings in Not Cooperating
GOOD LUCK: CRISIL Keeps B- Debt Rating in Not Cooperating
GOVARDHANI CONSTRUCTION: CRISIL Keeps B+ Rating in Not Cooperating
JAGDAMBA INDUSTRIES: CRISIL Keeps B+ Rating in Not Cooperating
JHARKHAND ROAD: Ind-Ra Lowers Non-Convertible Debts Rating to 'D'

K BHUPAL: Ind-Ra Withdraws BB+/Not Cooperating Rating
KAMAYNI MAHILA: CRISIL Assigns B+ Rating to INR1cr Proposed Loan
KINJAL COTTON: CRISIL Keeps B Debt Ratings in Not Cooperating
L B INDUSTRIES: Ind-Ra Cuts Long Term Issuer Rating to 'D'
LAMA BEAR: CRISIL Keeps B Debt Rating in Not Cooperating

LATHA EDUCATIONAL: CRISIL Keeps B Debt Rating in Not Cooperating
MAHARAJA RESOURCES: CRISIL Keeps B Ratings in Not Cooperating
MAXVITA PHARMA: CRISIL Keeps B Debt Rating in Not Cooperating
OM MILK: CRISIL Keeps B Debt Rating in Not Cooperating Category
OM RICE: CRISIL Keeps B+ Debt Ratings in Not Cooperating Category

PADMAVATI ENGINEERS: CRISIL Keeps B+ Rating in Not Cooperating
PRASANNA EDUCATION: Ind-Ra Migrates Then Withdraws 'D' Loan Rating
PRESTOGEM VEHICLES: CRISIL Keeps B Debt Rating in Not Cooperating
PRIYANKSHI FASHIONS: CRISIL Keeps B+ Rating in Not Cooperating
PROPER PRODUCTS: CRISIL Keeps B+ Debt Ratings in Not Cooperating

RAJSHRI IRON: Ind-Ra Cuts LT Issuer Rating to 'B+', Outlook Stable
SANSIDH AGRO: CRISIL Keeps B+ Debt Ratings in Not Cooperating
SARDAR SOLVEX: CRISIL Keeps B+ Debt Rating in Not Cooperating
SHIV GANGA: CRISIL Withdraws B+ Rating on INR13cr Cash Loan
SHIV SHANKAR: CRISIL Keeps B+ Debt Rating in Not Cooperating

STERLING PUBLISHERS: CRISIL Cuts Rating on INR21.57cr Loan to B
SUSHIL BAHIRAT: CRISIL Keeps B+ Debt Ratings in Not Cooperating
THEIVA EXIM: CRISIL Keeps B+ Debt Ratings in Not Cooperating
TSSS INFOTECH: CRISIL Lowers Rating on INR9.0cr Loans to B
VARALAKSHMI MOTORS: CRISIL Keeps B+ Ratings in Not Cooperating

VIDEOCON INDUSTRIES: Dhoot Family Offers to Pay INR3,000 crore
WELGA FOODS: CRISIL Reaffirms B+ Rating on INR14.35cr Cash Loan


I N D O N E S I A

PAN BROTHERS: Fitch Downgrades LT Issuer Default Rating to B-
[*] INDONESIA: Pandemic Taking Heavy Tolls on SOEs


M A L A Y S I A

1MBD: SFC Fines Goldman Sachs Unit US$350MM Over Failed Bond Offer


N E W   Z E A L A N D

BW OFFSHORE: Oil Field Offshore Owner in NZ Goes Into Liquidation
TRACPLUS GLOBAL: To Cut More Than 50% Jobs Due to Pandemic


S I N G A P O R E

HIN LEONG: Marine Fuels Unit's Bunkering Licenses Suspended
HONTOP ENERGY: Creditors' Meeting Set for Nov. 5


T H A I L A N D

[*] THAILAND: Buyers of Distressed Assets Plan Big Purchases


X X X X X X X X

[*] BOND PRICING: For the Week Oct. 19, 2020 to Oct. 23, 2020

                           - - - - -


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A U S T R A L I A
=================

CITI PRIVATE: Second Creditors' Meeting Set for Nov. 4
------------------------------------------------------
A second meeting of creditors in the proceedings of Citi Private
Capital Pty Ltd has been set for Nov. 4, 2020, at 10:00 a.m. at
Level 4, 26 Wharf Street, in Brisbane, Queensland.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Nov. 3, 2020, at 5:00 p.m.

Travis Pullen of B&T Advisory was appointed as administrator of  
Citi Private Capital Pty Ltd on Sept. 30, 2020.

FIVE STAR 2019-1: Fitch Affirms BB+sf Rating on Class F Notes
-------------------------------------------------------------
Fitch Ratings has upgraded two and affirmed another 11 classes of
notes from two Five Star transactions. The transactions consist of
notes backed by pools of first-ranking Australian residential
full-documentation mortgage loans. All mortgages were originated by
Victorian Mortgage Group (VMG) and the notes were issued by
Perpetual Trustee Company Limited in its capacity as trustee of the
series.

The upgrades to classes B and C of Five Star 2019-1 Trust were due
to the build-up of credit enhancement. At the same time, Fitch has
removed the Rating Watch Negative (RWN) from Five Star 2019-1's E
and F notes due to the portfolio's resilience amid the coronavirus
pandemic.

The social and market disruption caused by the pandemic and related
containment measures did not negatively affect the ratings because
there was sufficient credit enhancement to cover its expectation of
higher defaults and reduced recoveries. In addition, Fitch regards
liquidity protection as sufficient to support the current ratings.
The rating sensitivity for more severe scenarios than Fitch expects
is provided in the Rating Sensitivities section below.

The Stable Outlook reflects liquidity support and the notes'
ability to withstand higher defaults and lower recoveries stemming
from the pandemic.

RATING ACTIONS

Five Star 2017-1 Trust

Class A1 AU3FN0038121; LT AAAsf Affirmed; previously AAAsf

Class A2 AU3FN0038139; LT AAAsf Affirmed; previously AAAsf

Class B AU3FN0038147; LT AAAsf Affirmed; previously AAAsf

Class C AU3FN0038154; LT AAAsf Affirmed; previously AAAsf

Class D AU3FN0038162; LT AA-sf Affirmed; previously AA-sf

Class E AU3FN0038170; LT AA-sf Affirmed; previously AA-sf

Five Star 2019-1 Trust

Class A1 AU3FN0052254; LT AAAsf Affirmed; previously AAAsf

Class A2 AU3FN0052262; LT AAAsf Affirmed; previously AAAsf

Class B AU3FN0052270; LT AA+sf Upgrade; previously AAsf

Class C AU3FN0052288; LT AA-sf Upgrade; previously Asf

Class D AU3FN0052296; LT BBB+sf Affirmed; previously BBB+sf

Class E AU3FN0052304; LT BBB-sf Affirmed; previously BBB-sf

Class F AU3FN0052312; LT BB+sf Affirmed; previously BB+sf

KEY RATING DRIVERS

Pandemic-Related Economic Shock: Fitch has made assumptions about
the spread of the coronavirus and the economic impact of
containment measures. In a base-case (most likely) scenario, Fitch
assumes economic activity will jump in 3Q20, to be followed by a
slower recovery trajectory from 4Q20 amid high unemployment and a
further pullback in private-sector investment.

In a downside (sensitivity) scenario, Fitch assesses a more severe
and prolonged period of stress, with recovery to pre-crisis GDP
levels delayed until around the middle of the decade.

Pandemic-Related Impact: Measures put in place to limit the spread
of the virus are affecting Australia's economy, with many
businesses continuing to experience a decline in income. Fitch
expects these measures to affect the performance of mortgages, but
there should be no rating impact on the notes, as the ratings can
absorb Fitch's base-case scenario of the pandemic.

  - "Global Economic Outlook: September 2020", published on
September 7, 2020.

  - "Fitch Ratings Coronavirus Scenarios: Baseline and Downside
Cases - Update", published on September 8, 2020.

  - "Global SF Rating Assumptions Updated to Reflect Coronavirus
Risk", published on April 3, 2020.

In addition, analytical notes relevant for Australian and New
Zealand RMBS transactions are discussed in the following
commentaries:

  - "Fitch Ratings' Approach to Addressing Coronavirus-Related
Risks for Australian, NZ RMBS", published on May 5. 2020.

  - "Fitch Ratings Updates Australia, NZ RMBS Criteria Assumptions
on Coronavirus Effects", published on July 28, 2020.

Liquidity Risk from Payment Holidays: Fitch has reviewed the
ability of the transactions to survive a significant proportion of
borrowers taking a payment holiday. Both transactions benefit from
liquidity facilities sized at 2.0% of the note balances. Both
transactions can withstand 50% of the portfolio being granted a
payment holiday before needing to draw on principal and the
liquidity facility, which is significantly above the proportion of
receivables under covid-hardship arrangements which were 15.7% for
Five Star 2017-1 and 12.0% for Five Star 2019-1 at end-September
2020.

Operational Risk: VMG is a lender with headquarters in Melbourne,
Victoria and a history dating back to 1946. Fitch undertook an
onsite operational review and found that the operations of the
servicer were comparable with market standards and that there were
no material changes that may affect VMG's ongoing ability to
undertake administration and collection activities. VMG's
collection timelines, policies and procedures are in line with
other conforming and non-conforming lenders in Australia.
Collection and servicing activities have not been disrupted by the
pandemic, as staff are able to work remotely and have access to the
office, if needed.

Asset Analysis: Five Star 2019-1's 'AAAsf' weighted-average
foreclosure frequency (WAFF) of 17.0% is driven by the
weighted-average (WA) unindexed loan/value ratio (LVR) of 65.8%
and, under Fitch's methodology, investment loans of 47.6%. The
'AAAsf' weighted-average recovery rate (WARR) of 50.2% is driven by
the portfolio's WA indexed scheduled LVR of 66.3% and the portfolio
'AAAsf' WA market value decline of 59.9%.

Five Star 2017-1 Trust's 'AAAsf' WAFF of 15.4% is driven by the WA
unindexed LVR of 59.0% and, under Fitch's methodology, investment
loans of 25.5%. The 'AAAsf' WARR of 57.6% is driven by the
portfolio's WA indexed scheduled LVR of 54.9% and the portfolio
'AAAsf' WA market value decline of 61.3%.

The Five Star 2017-1 and Five Star 2019-1 transactions had 30+ day
arrears at 0.0% and 1.7%, respectively, as of end-September, lower
than Fitch's 2Q20 Non-Conforming Index of 3.21%. Cumulative losses
were AUD127,700 for Five Star 2017-1 and were covered by excess
spread. Five Star 2019-1 has had no losses.

Liability Analysis: Five Star 2017-1's class A1, A2, B, C, D and E
notes benefit from current credit enhancement of 43.3%, 31.5%,
23.3%, 16.2%, 10.1% and 6.8%, respectively. The class A1, A2, B and
C notes can withstand all relevant Fitch 'AAAsf' stresses applied
in its cash-flow analysis, and the class D and E notes can
withstand all 'AA-sf' stresses. Further upgrades to the class D and
E notes are constrained by large loan and tail-risk concentration.

Five Star 2019-1's class A1, A2, B, C, D, E and F notes benefit
from current credit enhancement of 38.9%, 13.0%, 9.6%, 6.5%, 4.6%,
3.3% and 2.1%, respectively. The class A1, A2, B, C, D, E and F
notes can withstand all relevant Fitch stresses applied in its
cash-flow modelling. Further upgrades to the class D notes are
constrained by tail-risk concentration.

Macroeconomic Factors: Fitch expects loan performance to
deteriorate in the near term, but to continue to support the Stable
Outlook on the rated notes. Fitch forecasts Australia's GDP to
contract by 3.6% in 2020, with the unemployment rate at 7.1%. This
is to be partially offset by a low Official Cash Rate of 0.25% and
the application of both central bank and government stimulus
measures. Fitch expects GDP growth to bounce back to 3.9% in 2021,
with the unemployment rate falling to 6.7%.

The Stable Outlook on the notes reflects their liquidity support
and ability to withstand the sensitivity to higher defaults
stemming from the pandemic.

Five Star 2017-1 and Five Star 2019-1 have an ESG Relevance Score
of '5' for Transaction and Collateral Structure due to tail-risk
concentration, which has a negative effect on the credit profile,
and is highly relevant to the ratings, resulting in a change to the
ratings.

RATING SENSITIVITIES

Unanticipated increases in the frequency of defaults and loss
severity on defaulted receivables could produce loss levels higher
than Fitch's base case and are likely to result in a decline in
credit enhancement and remaining loss-coverage levels available to
the notes. Decreased credit enhancement may make certain note
ratings susceptible to negative rating action, depending on the
extent of the coverage decline. Hence, Fitch conducts sensitivity
analysis of the ratings by stressing the transaction's initial
base-case assumptions.

Five Star 2017-1:

Notes class: A1/ A2 / B / C / D / E

Current Rating: AAAsf / AAAsf / AAAsf / AAAsf / AA-sf / AA-sf

Downside Sensitivity:

Expected impact on note ratings of increased defaults:

Increase defaults by 15%: AAAsf / AAAsf / AAAsf / AAAsf / AA-sf /
AA-sf

Increase defaults by 30%: AAAsf / AAAsf / AAAsf / AAAsf / AA-sf /
A+sf

Expected impact on note ratings of decreased recoveries:

Reduce recoveries by 15%: AAAsf / AAAsf / AAAsf / AAAsf / AA-sf /
A+sf

Reduce recoveries by 30%: AAAsf / AAAsf / AAAsf / AAAsf / AA-sf /
BBB+sf

Expected impact on note ratings of multiple factors:

Increase defaults by 15% and reduce recoveries by 15%: AAAsf /
AAAsf / AAAsf / AAAsf / AA-sf / A-sf

Increase defaults by 30% and reduce recoveries by 30%: AAAsf /
AAAsf / AAAsf / AA+sf / A-sf / BBsf

Up Sensitivity:

Decrease defaults by 15% and increase recoveries by 15%: AAAsf /
AAAsf / AAAsf / AAAsf / AA-sf / AA-sf

The ratings for class D and E are constrained due to large loan and
tail-risk concentration.

Coronavirus Downside Scenario Sensitivity:

Under Fitch's downside scenario, re-emergence of infections in
major economies prolongs the health crisis and confidence shock,
prompts extensions or renewals of lockdown measures and prevents a
financial-market recovery. Fitch tested this scenario by increasing
defaults by 15% and decreasing recoveries by 15%.

Expected coronavirus downside impact on note ratings of multiple
factors: AAAsf / AAAsf / AAAsf / AAAsf / AA-sf / A-sf

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

The class A1, A2, B and C notes' ratings are at 'AAAsf', which is
the highest level on Fitch's scale while the class D and E are
constrained due to large loan and tail-risk concentration. The
ratings cannot be upgraded.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

A longer pandemic than Fitch expects that leads to deterioration in
macroeconomic fundamentals and consumers' financial position in
Australia beyond Fitch's baseline scenario. Available credit
enhancement cannot compensate for higher credit losses and cash
flow stresses, all else being equal. Fitch conducted sensitivity
analysis by increasing gross default levels and decreasing recovery
rates over the life of the transactions.

Five Star 2019-1:

Notes class: A1/ A2 / B / C / D / E / F

Current Rating: AAAsf / AAAsf / AA+sf / AA-sf / BBB+sf / BBB-sf /
BB+sf

Downside Sensitivity:

Expected impact on note ratings of increased defaults:

Increase defaults by 15%: AAAsf / AAAsf / AAsf / Asf / BBB+sf /
BB+sf / BBsf

Increase defaults by 30%: AAAsf / AAAsf / AAsf / A-sf / BBBsf /
BBsf / BB-sf

Expected impact on note ratings of decreased recoveries:

Reduce recoveries by 15%: AAAsf / AAAsf / AAsf / A-sf / BBB-sf /
BB-sf / B+sf

Reduce recoveries by 30%: AAAsf / AAAsf / AA-sf / BBBsf / BB-sf /

Expected impact on note ratings of multiple factors:

Increase defaults by 15% and reduce recoveries by 15%: AAAsf /
AAAsf / AA-sf / BBB+sf / BB-sf / B+sf / Bsf

Increase defaults by 30% and reduce recoveries by 30%: AAAsf / AAsf
/ A-sf / BBsf /

Upgrade Sensitivity:

Decrease defaults by 15% and increase recoveries by 15%: AAAsf /
AAAsf / AAAsf / AA+sf / A-sf / A-sf / A-sf

The ratings for class D and E are constrained from further upgrades
due to tail-risk concentration.

Coronavirus Downside Scenario Sensitivity:

Under Fitch's downside scenario, re-emergence of infections in
major economies prolongs the health crisis and confidence shock,
prompts extensions or renewals of lockdown measures and prevents a
financial-market recovery. Fitch tested this scenario by increasing
defaults by 15% and decreasing recoveries by 15%.

Expected coronavirus downside impact on note ratings of multiple
factors: AAAsf / AAAsf / AA-sf / BBB+sf / BB-sf / B+sf / Bsf

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

Increased credit enhancement ratios that are able to fully
compensate the credit losses and cash flow stresses commensurate
with higher rating scenarios, all else being equal. The class A1
and A2 notes' ratings are at 'AAAsf', which is the highest level on
Fitch's scale. The ratings cannot be upgraded.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

A longer pandemic than Fitch expects that leads to deterioration in
macroeconomic fundamentals and consumers' financial position in
Australia beyond Fitch's baseline scenario. Available credit
enhancement cannot compensate for higher credit losses and cash
flow stresses, all else being equal. Fitch conducted sensitivity
analysis by increasing gross default levels and decreasing recovery
rates over the life of the transactions.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10

Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.

DATA ADEQUACY

Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pools and the transactions. There were no findings that were
material to this analysis. Fitch has not reviewed the results of
any third-party assessment of the asset portfolios as part of its
ongoing monitoring.

As part of its ongoing monitoring, Fitch reviewed a small targeted
sample of VMG's origination files and found the information
contained in the reviewed files to be adequately consistent with
the originator's policies and practices and the other information
provided to the agency about the asset portfolios.

Overall, Fitch's assessment of the information on the asset pools
relied upon for the agency's rating analysis, according to its
applicable rating methodologies, indicates that it is adequately
reliable.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

The issuer has informed Fitch that not all relevant underlying
information used in the analysis of the rated notes is public.

ESG CONSIDERATIONS

Five Star 2017-1 Trust: Transaction & Collateral Structure: '5'

Five Star 2019-1 Trust: Transaction & Collateral Structure: '5'

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.

G.M. ELECTRICAL: Second Creditors' Meeting Set for Nov. 3
---------------------------------------------------------
A second meeting of creditors in the proceedings of G.M. Electrical
Pty. Ltd. has been set for Nov. 3, 2020, at 10:30 a.m. via
teleconference only.

The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Nov. 2, 2020, at 4:00 p.m.

Gavin Moss and Desmond Teng of Chifley Advisory Pty Ltd were
appointed as administrators of G.M. Electrical on Sept. 28, 2020.

SECURE INVESTMENTS: ASIC Obtains Court Wind Up Orders
-----------------------------------------------------
The Federal Court has ordered the winding up of unlicensed
financial services businesses, Secure Investments Pty Ltd (Secure
Investments) and Aquila Group Pty Ltd.

The Court declared Secure Investments and Mr. Mudasir Naseeruddin
breached the Corporations Act by operating a financial services
business without holding an Australian financial services licence.
In making this finding, Justice Derrington stated:

"Secure Investments was carrying on a financial services business
by issuing financial products to investors. It held itself out as
being engaged in the business of providing direct property
development investment opportunities for investors and the evidence
discloses that it received approximately AUD2.4 million in funds
from 28 different SMSFs in the period from early 2017 to late 2019.
Its conduct of issuing those financial products was repetitive and
continuing for commercial or business purposes and was done in
order to derive income. As such, it was engaged in those activities
for the purpose of carrying on a business. As it was not authorised
pursuant to any relevant AFSL to carry on that business, Secure
Investments contravened the prohibition in s 911A of the Act."

Mr. Naseeruddin encouraged investors to roll over their
superannuation accounts into self-managed superannuation funds
(SMSFs) set up by an associate of Mr. Naseeruddin. ASIC alleges
that investor funds were then transferred via a cash management
account to Secure Investments. ASIC further alleges that
significant amounts of the funds held by Secure Investments were
then transferred out to accounts held by Mr. Naseeruddin and
various other related entities with no identifiable corporate
purpose and funds have not been repaid to investors.

After ASIC issued separate proceedings against Secure Investments
in November 2019, Aquila Group, through its director Mr.
Naseeruddin, raised a further AUD250,000 from investors. In
relation to Aquila Group, the Court stated:

". . . the financial management of Aquila Group under the control
of Mr. Naseeruddin replicated that of his erstwhile stewardship of
the affairs of Secure Investments. That is to say that, whilst Mr.
Naseeruddin and Aquila Group received funds from investors for
investing in building developments, those investments did not
materialise. The funds were used for other purposes and dispersed
without any proper recording of the transactions which justified
such payments."

A further question in the proceeding of whether the defendants made
false and misleading statements to investors, in contravention of
the Corporations Act, has been adjourned to a date to be fixed.

Timothy Norman and Robert Woods of Deloitte Financial Advisory Pty
Ltd have been appointed as liquidators for Secure Investments and
Aquila Group.

ASIC's investigation is continuing.

XBLADES SPORTS: First Creditors' Meeting Set for Nov. 5
-------------------------------------------------------
A first meeting of the creditors in the proceedings of XBlades
Sports Australia Pty Ltd will be held on Nov. 5, 2020, at 3:00 p.m.
via teleconference only.

Simon John Cathro and Ivan Glavas of Worrells Solvency & Forensic
Accountants were appointed as administrators of XBlades Sports on
Oct. 22, 2020.



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C H I N A
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ADDENTAX GROUP: Posts $204,000 Net Income for the June 30 Quarter
-----------------------------------------------------------------
Addentax Group Corp. filed its quarterly report on Form 10-Q,
disclosing a net income of $203,900 on $5,918,215 of revenues for
the three months ended June 30, 2020, compared to a net loss of
$367,348 on $2,209,492 of revenues for the same period in 2019. At
June 30, 2020, the Company had total assets of $6,933,693, total
liabilities of $9,800,972, and $2,867,279 in total deficit.

The Company incurred net income of $203,900, and net loss of
$367,348 for the three months ended June 30, 2020 and 2019,
respectively.  As of June 30, 2020 and March 31, 2020, the Company
had net current liability of $3,987,967 and $4,095,286,
respectively, and a deficit on total equity of $2,867,279 and
$3,066,724, respectively.

The ability to continue as a going concern is dependent upon the
Company's profit generating operations in the future and/or
obtaining the necessary financing to meet its obligations and repay
its liabilities arising from normal business operations when they
become due.  These consolidated financial statements do not include
any adjustments to the recoverability and classification of
recorded asset amounts and classification of liabilities that might
be necessary should the Company be unable to continue as a going
concern.

The Company expects to finance operations primarily through cash
flow from revenue and capital contributions from the CEO.  During
the year, the CEO has provided financial support for the operations
of the Company.  In the event that the Company requires additional
funding to finance the growth of the Company's current and expected
future operations as well as to achieve its strategic objectives,
the CEO has indicated the intent and ability to provide additional
equity financing.

The Company said, "These conditions raise substantial doubt about
the Company's ability to continue as a going concern.  The
Company's continuation as a going concern is dependent on the
Company's ability to meet obligations as they become due and to
obtain additional equity or alternative financing required to fund
operations until sufficient sources of recurring revenues can be
generated.  There can be no assurance that the Company will be
successful in its plans or in attracting equity or alternative
financing on acceptable terms, or if at all.  The consolidated
financial statements do not include any adjustments that might
result from the outcome of this uncertainty."

A copy of the Form 10-Q is available at:

                       https://is.gd/OQTDRt

Addentax Group Corp. does not have significant operations.
Previously, it was involved in the production of images on multiple
surfaces, including glass, leather, plastic, ceramic, textile, and
others using three-dimensional sublimation vacuum heat transfer
machines.  The Company was founded in 2014 and is based in
Shenzhen, China.




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I N D I A
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A ASPAM: CRISIL Lowers Rating on INR30cr Term Loan to B
-------------------------------------------------------
Due to inadequate information and in line with the Securities and
Exchange Board of India guidelines, CRISIL had migrated its rating
on the bank facilities of A Aspam Food Cold Storage Private Limited
(Aspam Food) to 'CRISIL BB/Stable Issuer Not Cooperating'. However,
the management has subsequently started sharing requisite
information for carrying out a comprehensive review of the company
on a standalone basis. Consequently, CRISIL is migrating its rating
to 'CRISIL B/Stable' from 'CRISIL BB/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities      (INR Crore)    Ratings
   ----------      -----------    -------
   Rupee Term Loan       30       CRISIL B/Stable (Migrated from
                                  'CRISIL BB/Stable ISSUER NOT
                                  COOPERATING')

The promoter (Gulf Petrochem FZC [GPFZC]) has provided an
undertaking stating that the proposed reorganisation and
rephasement of the business operations and financial resources of
GPFZC will not have any impact on the operations and activities of
Aspam Food. The undertaking also states that Aspam Food's cash flow
will not be fungible with any group company. Accordingly, CRISIL
has changed its analytical approach such that any support from/to
the parent Gulf Petrochem FZC is not factored in the ratings of
Aspam Food.

In fiscal 2020, the company's occupancy levels improved
significantly to over 70% leading healthy growth in revenue to
around INR8 crore from INR2 crore in fiscal 2019. In Q1 of fiscal
2021, occupancy levels remained healthy as the company's operations
were not impacted by the COVID 19 pandemic related lockdowns.

The rating reflects strong management, locational advantage and
modern infrastructure with moderate financial risk profile. There
rating advantages are offset by the current low occupancy level,
modest scale of operations and exposure to fluctuating
agro-commodity prices.

Analytical Approach

Based on the undertaking received from the promoters, CRISIL has
changed its analytical approach to carry out the review of Aspam
Food on a standalone basis and, therefore, any support from/to the
ultimate parent i.e. Gulf Petrochem FZC is not factored in the
ratings.

Key Rating Drivers & Detailed Description

Weaknesses

* Weak financial risk profile: Financial risk profile is weak, with
networth of INR14 crores, estimated TOL/ANW of 3.03 times at the
end of fiscal 2020. Debt protection metrics is weak currently,
however expected to improve steadily in fiscal 2021.

* Exposure to volatility in vegetables/fruit prices: Any
significant decline in prices of these commodities during the
storage period can lead to significant adverse impact on the
farmer's ability to release their goods and in turn have impact on
the company's cash flows. Over the medium term, company is planning
to start trading on agro-commodities, which will increase their
exposure to price volatility. However, the group, primarily
oil/energy commodities trader, has strong risk mitigating practices
and CRISIL believes that the group can incorporate these risk
mitigating practices in the agro-commodity trading and partially
mitigate price risk.

Strengths

* Modern infrastructure and locational advantage: The plant and
equipment's are of latest technology and power efficient following
the solar panels  installed in fiscal 2020 compared to that of
competitors. Considering the perishable and delicate nature of
commodities handled, the advanced infrastructure will support the
company in providing consistent and better quality storage compared
to that of competitors. Power efficiency of the equipment's is
expected to ensure better profitability and better pricing.  The
plant is located in Sonipat, Haryana, a hub for cold storage
facilities for fruit and vegetable growers/traders, which gives
direct access to the already established market. CRISIL believes
that the better quality of storage along with locational advantage
will help the company in improving its business risk profile.

* Improving scale of operations and low occupancy levels: In fiscal
2020, average occupancy levels improved to over 70% and are
expected to steadily improve over the medium term. Operations are
expected to further benefit from increasing trading operations in
apple, eggs and other frozen produce.

Liquidity Poor

Aspam food is dependent on liquidity support from promoters for
meeting its debt obligations and capex requirements. The company
has long term repayment obligations around INR3.9 crore in fiscal
2021. CRISIL expects support from promoters, and internal accruals
to be sufficient to meet its repayment obligations. Promoter group,
in line with their track record of fund infusion in Aspam food is
expected to continue to infuse funds in the company to fund its
repayment obligation during the year as well as to meet its
incremental working capital requirements.

Outlook: Stable

CRISIL believes that Aspam Food will benefit from its promoters
financial strength and experience in starting and nurturing new
businesses.

Rating Sensitivity Factors

Upward factors:
* Significantly higher occupancy rates leading to better accruals
and improvement in liquidity and financial risk profile
* Significant improvement in interest cover to over 1 times on a
sustainable basis.

Downward factors:
* Significant delay in scale up operations
* Absence of promoter support
* Significant decline in occupancy to below 60% leading to weak
business profile.

Aspam Food is a private non-government company incorporated in 2014
with an aim to process and preserve meat, fish, fruits, vegetables,
oil and fats. The company has constructed a multi chamber,
multi-purpose cold storage facility with controlled atmosphere and
deep freezer at Phase 1, HSIIDC Food Park, Rai, Sonepat, Haryana.

AKASHGANGA INFRAVENTURES: Ind-Ra Keeps BB+ Rating in NonCooperating
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Akashganga
Infraventures India Limited's (AIIL) Long-Term Issuer Rating of
'IND BB+' in the non-cooperating category and has simultaneously
withdrawn it.

The instrument-wise rating actions are:

-- INR162.5 mil. Fund-based working capital limits* maintained in

     non-cooperating category and withdrawn;

-- INR255.0 mil. Non-fund-based limits** maintained in non-
     cooperating category and withdrawn; and

-- INR46 mil. Term loan*** due on March 2023 maintained in non-
     cooperating category and withdrawn.

*Maintained at 'IND BB+ (ISSUER NOT COOPERATING)/IND A4+ (ISSUER
NOT COOPERATING)' before being withdrawn

** Maintained at 'IND A4+ (ISSUER NOT COOPERATING)' before being
withdrawn

***Maintained at 'IND BB+ (ISSUER NOT COOPERATING)' before being
withdrawn

KEY RATING DRIVERS

The rating has been maintained in the non-cooperating category
because AIIL did not participate in the rating exercise despite
continuous requests and follow-ups by Ind-Ra.

Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017, for credit rating agencies.

COMPANY PROFILE

Established in 2007, AIIL is engaged in civil construction and
infrastructure development services for various governments and
private clients.


ASPAM ACADEMY: CRISIL Cuts INR76cr Term Loan Rating to B+
---------------------------------------------------------
Due to inadequate information and in line with the Securities and
Exchange Board of India guidelines, CRISIL had migrated its rating
on the long-term bank facility of Aspam Academy Noida (Aspam
Academy) to 'CRISIL BB/Stable Issuer Not Cooperating'. However, the
management has subsequently started sharing requisite information
for carrying out a comprehensive review of the rating on a
standalone basis. Consequently, CRISIL is migrating its rating to
'CRISIL B+/Stable' from 'CRISIL BB/Stable Issuer Not Cooperating'.

                     Amount
   Facilities      (INR Crore)    Ratings
   ----------      -----------    -------
   Rupee Term Loan       76       CRISIL B+/Stable (Migrated from
                                  'CRISIL BB/Stable ISSUER NOT
                                  COOPERATING')

The promoter (Gulf Petrochem FZC [GPFZC]) has provided an
undertaking stating that the proposed reorganisation and
rephasement of the business operations and financial resources of
GPFZC will not have any impact on the operations and activities of
Aspam Academy. The undertaking also states that Aspam Academy's
cash flow will not be fungible with any group company. Accordingly,
CRISIL has changed its analytical approach such that any support
from/to the parent is not factored in the rating of Aspam Academy.


The operating income in fiscal 2020 increased to ~ INR8 crore from
INR6 crore last year as its student strength increased to around
900. Further, in fiscal 2020 the networth increased to INR83 crore
from INR53 crore in fiscal 2019 as the promoters infused INR13
crore as fresh equity to support the company's liquidity and
further converted around INR17 crore of unsecured loans into
equity.
   
The rating reflects the current low occupancy level of Aspam
Academy's school, exposure to risk associated with project under
implementation, and pressure on liquidity due to large debt
repayment expected over the medium term. These weaknesses are
partially offset by the strong management of the school, locational
advantage, presence of group-owned feeder schools, modern
infrastructures being set up and experience of the promoters in
successfully establishing and operating educational institutes.

Analytical Approach

Based on the undertaking received from the promoters, CRISIL has
changed its analytical approach to carry out the review of Aspam
Academy on a standalone basis, so any support from/to the ultimate
parent, GPFZC, is not factored in the ratings.

Key Rating Drivers & Detailed Description

Weaknesses

* Exposure to project-related risk: The school is under renovation
and discontinued admission for academic years 2017 and 2018,
leading to fall in occupancy rates. The renovation is expected to
be completed in academic year 2021, though school has started
operations in academic year 2020. Its ability to complete the
project within schedule time and healthy ramp up of occupancy
levels will remain key monitorables.

* Large term loan: Aspam Academy has availed of term loan of INR60
crore to take over the school from MAF Academy and carry out
renovation. The company has contracted a further debt of INR16
crore for renovations. Debt repayment began in September 2018, much
before the school started full-fledged operations. Cash accrual is
not expected to be sufficient to meet debt obligation over the
medium term. However, promoter support is likely to help bridge the
funding gap.

Strengths
* Strong management, modern infrastructure and locational
advantage: The school is governed a board comprising relatives of
the chairman of the Gulf Petrochem group along with retired senior
personnel from the Armed forces with substantial experience in the
academic field .

The school, previously known as MAF Academy Pvt Ltd (MAF Academy),
was acquired by the Gulf Petrochem group in 2015 and was renamed
Aspam Academy. Post-acquisition, the school is being revamped with
modern infrastructure at a cost of around INR76 crore.

The school is located in Sector 62, Noida, which is a commercial
hub surrounded by residential areas. There are multiple schools in
the area and many pre-schools, including two run by the promoter
group that act as feeders to the school.

Competent management along with modern infrastructure, locational
advantage and presence of owned pre-schools in the vicinity will
help improve business risk profile.

* Business model with multiple revenue streams leading to better
profitability: Business model includes a regular school comprising
I-XII standards as well as an academy for music, sports and art.
The academy is open for outside students and is likely to have
celebrity sportspersons and artists as coaches, which will generate
adequate demand. The academy would utilise the school premises on
weekends and after school hours, thereby generating additional
revenue and improving operating margin over the medium term.

* Comfortable capital structure: Networth was large at INR83.28
crore as on March 31, 2020, and is expected to remain stable over
the medium term. Total outside liabilities to adjusted networth
ratio was healthy at 0.82 times. Despite large, debt-funded capital
expenditure (capex), capital structure is expected remain
moderately healthy on account of strong networth and support from
promoter group.

Liquidity Poor

Aspam Academy is dependent on promoter funding to meet debt
obligation and capex requirements, since it is in project phase.
The company has term debt obligation of around INR5 crore in fiscal
2021. Support from the promoters, internal accrual and liquid
surplus are likely to be sufficient to meet debt obligation over
the medium term. The promoter group, in line with its track record
of fund infusion, is expected to continue to extend timely
financial aid during the fiscal to meet incremental working capital
requirement.

Outlook: Stable

CRISIL believes Aspam Academy will continue benefit from its
promoters' experience in running schools, strong management team,
business model, location advantage, and presence of group run
pre-school in improving business risk profile over the medium term.
However, financial risk profile may moderate over the medium term
driven by increasing debt levels.

Rating Sensitivity factors

Upward Factors:
* Healthy ramp-up of operations with occupancy improving to above
40% over the medium term
* Significantly higher accrual and improvement in financial risk
profile, especially liquidity

Downward Factors:
* Significant delay in completion of project
* Absence of promoter support
* Significant decline in occupancy to below 20% due to lower new
admissions leading to weak business risk profile.

Aspam Academy was set up under Section 8 of the Companies' Act,
2013, to establish and operate educational institutions. The
company was earlier known as MAF Academy, and the name was changed
to the current one in 2015 after Aspam Eduinfra Pvt Ltd acquired
the company. Aspam Academy operates ASPAM Scottish School in Sector
62, Noida.

BHILAI INSTITUTE: CRISIL Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------------
CRISIL said the rating on bank facilities of Bhilai Institute of
Technology Trust (BITT) continues to be 'CRISIL D Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Term Loan              9.75      CRISIL D (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with BITT for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of BITT, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on BITT is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of BITT
continues to be 'CRISIL D Issuer Not Cooperating'.

Established in 1986, BITT manages BITD (started in 1986) and BITR
(started in 2009). BITD offers a variety of graduate and
post-graduate courses in engineering, business administration, and
computer applications, as well as a doctorate in engineering,
chemistry, environmental science, and applied physics; BITR offers
graduate courses in engineering.

GAGANA ENTERPRISES: CRISIL Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Gagana Enterprises
(GAGANA) continue to be 'CRISIL B+/Stable Issuer Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            2.5       CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Proposed Long Term     0.5       CRISIL B+/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING)

CRISIL has been consistently following up with GAGANA for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of GAGANA, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on GAGANA is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of GAGANA
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Established in February 2018, Gagana trades in calcium hydroxide,
which finds application in the granite quarrying industry. Mr.
Shaik Jaheer Basha and Mr. K Mohan Rao are the partners.


GAJANAN EXTRACTION: CRISIL Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Gajanan Extraction
Limited (GEL) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            20        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Proposed Long Term      4.75     CRISIL B+/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING)

   Standby Line            3        CRISIL B+/Stable (ISSUER NOT
   of Credit                        COOPERATING)

CRISIL has been consistently following up with GEL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of GEL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on GEL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of GEL
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

GEL was originally incorporated as a private limited company in
1985, promoted by Mr. Purshotam Taori, Mr. Rajendra Bhala, and Mr.
Radheshyam Chandak. In 2006, it was reconstituted as a closely held
public limited company. GEL extracts and processes edible oil
(solvent oil as well as refined oil) and manufactures de-oiled
cakes. The company has its manufacturing units at Parali in Beed
district (Maharashtra).

GOOD LUCK: CRISIL Keeps B- Debt Rating in Not Cooperating
---------------------------------------------------------
CRISIL said the ratings on bank facilities of Good Luck Capital
Private Limited (GLC) continue to be 'CRISIL B-/Stable/CRISIL A4
Issuer not cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            18        CRISIL B-/Stable (ISSUER NOT
                                    COOPERATING)

   Overdraft              10        CRISIL A4 (ISSUER NOT
                                    COOPERATING)

   Proposed Non Fund       2        CRISIL A4 (ISSUER NOT
   based limits                     COOPERATING)

CRISIL has been consistently following up with GLC for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of GLC, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on GLC is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of GLC
continues to be 'CRISIL B-/Stable/CRISIL A4 Issuer not
cooperating'.

Established in 2004 by the Garg family, GLC, based in Ghaziabad
(Uttar Pradesh) trades in steel products such as ingots, billets,
and scrap. It also trades in coal. The promoters have been in the
business since 1972 through Good Luck Traders which was merged with
GLC in 2004.

GOVARDHANI CONSTRUCTION: CRISIL Keeps B+ Rating in Not Cooperating
------------------------------------------------------------------
CRISIL said the ratings on bank facilities of Govardhani
Construction Co. (Govardhani) continue to be 'CRISIL
B+/Stable/CRISIL A4 Issuer not cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Bank Guarantee         10        CRISIL A4 (ISSUER NOT
                                    COOPERATING)

   Cash Credit             2.5      CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with Govardhani for
obtaining information through letters and emails dated March 17,
2020 and September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of Govardhani, which restricts
CRISIL's ability to take a forward looking view on the entity's
credit quality. CRISIL believes that rating action on Govardhani is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of
Govardhani continues to be 'CRISIL B+/Stable/CRISIL A4 Issuer not
cooperating'.

Govardhani was set up in 1984 as a proprietorship firm by Mr. Vijay
Mhatre; it was reconstituted as a partnership firm in 2000 and is
managed by Mr. Vijay Mhatre and family. It undertakes projects in
civil construction, primarily road constructions and pipeline
projects in Navi Mumbai and other region of Maharashtra.


JAGDAMBA INDUSTRIES: CRISIL Keeps B+ Rating in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Shree Jagdamba
Industries (Shree) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            6.5       CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Long Term Loan          .5       CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with Shree for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of Shree, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on Shree is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of Shree
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Established on July 2015, Shree is based in Bharatpur, Rajasthan
and managed by Mr. Purshottam Agarwal and Mr. Rahul Agarwal. Shree
manufactures cotton bales, cotton seed oil, and cotton seed cake
and trades in mustard seed and cotton seed.

JHARKHAND ROAD: Ind-Ra Lowers Non-Convertible Debts Rating to 'D'
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Jharkhand Road
Projects Implementation Company Limited's (JRPICL) INR17,300
million non-convertible debentures' (NCDs) rating to 'IND D' from
'IND C'.

The detailed rating action is:

-- INR17.30 bil.(outstanding INR12,755.1 bil. as of October 23,
     2020) Senior, secured, redeemable NCDs* downgraded with IND D

     rating.

* Details in annexure

KEY RATING DRIVERS

The downgrade reflects JRPICL's delays in the payment of interest
and principal to the debenture holders despite the availability of
sufficient cash.

According to the trustee's communication with Ind-Ra, the interest
and principal payments that were due on October 20, 2020 were not
made to the debenture holders on the scheduled date. The management
has indicated that internal administrative issues led to the delay
in issuing instructions to the escrow banker. The interest and
principal payments were subsequently made on October 21, 2020.

Liquidity Indicator – Stretched: The company has not been
receiving annuity payments since February 2020. As of October 22,
2020, the outstanding amount from the government of Jharkhand (GoJ)
stood at INR2,840 million. Furthermore, the debt service reserve
was accessed to meet the debt obligations.  

According to the management, major maintenance for three out of
five projects has been completed. JPRICL would be dependent on the
receipt of annuity for carrying out major maintenance for the
remaining two projects and to meet its future debt obligations.

RATING SENSITIVITIES

Positive: Timely debt servicing for at least three consecutive
months and the receipt of outstanding annuity payments could result
in a positive rating action.

COMPANY PROFILE

In 2007, GoJ launched the Jharkhand Accelerated Road Development
Programme under a public-private partnership framework. In February
2008, the GoJ and Infrastructure Leasing & Financial Services
Limited (IL&FS; 'IND D') signed a programme development agreement
to improve 1,500 lane km of selected project road corridors. The
programme is being implemented by Jharkhand Accelerated Road
Development Company Ltd.

JRPICL, which is 6.57% owned by IL&FS and 93.43% owned by its
subsidiary, IL&FS Transportation Networks Limited ('IND D') has
undertaken and implemented five projects totalling 627 lane km:
Ranchi Ring Road (sections III, IV, V and VI), Ranchi Patratu Dam,
Patratu Dam Ramgarh, Adityapur Kandra and CKC. All these projects
have separate concession agreements with the GoJ, along with
separate escrow accounts.  


K BHUPAL: Ind-Ra Withdraws BB+/Not Cooperating Rating
-----------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated K Bhupal Engineers
and Contractors Private Limited's (K Bhupal) Long-Term Issuer
Rating to the non-cooperating category and has simultaneously
withdrawn it.

The instrument-wise rating actions are:

-- INR80 mil. Fund-based working capital limits* migrated to non-

     cooperating category and withdrawn;

-- INR200 mil. Non-fund-based limits** migrated to non-
     cooperating category and withdrawn;

-- INR40 mil. Proposed fund-based working capital limits
     withdrawn (the company did not proceed with the instrument as

     envisaged); and

-- INR180 mil. Proposed Non-fund-based working capital limits
     withdrawn (the company did not proceed with the instrument as

     envisaged).

*Migrated to 'IND BB+ (ISSUER NOT COOPERATING)' before being
withdrawn

**Migrated to 'IND A4+ (ISSUER NOT COOPERATING)' before being
withdrawn

KEY RATING DRIVERS

The ratings have been migrated to the non-cooperating category as
the issuer did not participate in the rating exercise despite
continuous requests and follow-ups by Ind-Ra.

Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no objection certificate from the lender. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies.

COMPANY PROFILE

Established in 1993, Hyderabad-based K Bhupal as a sole
proprietorship firm converted itself into a private limited company
K Bhupal Engineers and Contractors (P) Limited in September 2013.
The company which undertakes contracts for laying pipelines for
drinking water and sewerage, mainly under the National Rural
Drinking Water Programme, in Andhra Pradesh, Telangana and
Karnataka.


KAMAYNI MAHILA: CRISIL Assigns B+ Rating to INR1cr Proposed Loan
----------------------------------------------------------------
CRISIL has assigned its 'CRISIL B+/Stable' rating to the bank
facilities of Kamayni Mahila Mahavidyalaya Samiti (KMMS).

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Proposed Fund-
   Based Bank Limits      1         CRISIL B+/Stable (Assigned)

The rating reflects KMMS' vulnerability to stringent regulations
and its modest scale operations. These weakness are partially
offset by extensive industry experience of the management and above
average financial risk profile.

Key Rating Drivers & Detailed Description

Weaknesses:

* Vulnerability to stringent regulations: Educational institutions
are regulated by various governmental and quasi-governmental
agencies, such as the University Grants Commission (UGC), AICTE,
universities, and state governments. Each body has detailed
procedures for granting permission to set up institutions, and
approvals need to be renewed every three to five years. Any
non-compliance will result in cancellation of affiliation or
license leading to loss of reputation for the college and revenue
for the society.

* Modest scale of operation: KMMS's business profile is constrained
by its moderate scale of operations in the intensely competitive
industry. HYF's moderate scale of operations will continue to limit
its operating flexibility.

Strengths:
* Extensive industry experience of the management: The management
have an experience of over 20 years in education services industry.
This has given them an understanding of the dynamics of the market.
The society currently has about 3,800 students. The student
strength will grow further as occupancy is expected to increase
over the medium term.

* Above average financial risk profile: SGET's capital structure
has been above average due to lower reliance on external funds,
yielding low total outside liabilities to tangible net worth
(TOL/TNW) for last three year ending on March 31, 2020.

Liquidity Poor
There are not debt obligations for the society over the medium term
and the society uses donation and fees to meet its working capital
requirements.

Outlook: Stable

CRISIL believes KMMS will continue to benefit over the medium term
from its established position & management extensive experience in
the sector.

Rating Sensitivity factors

Upward factor
* Sustainable improvement in scale of operations and operating
margin leading to stable net cash accrual of more than INR1.00
crore over the medium term.
* Improvement in occupancy levels across institutions

Downward factor
* In case of a weakening in liquidity because of dip in fees,
delays in receipt of fees or NCA falling below INR0.50 crore
* Society undertakes any unanticipated capex and raising of
additional long term debt

KMMS was set-up in 2005. KMMS is organized as a not-for-profit
organisation under the society Act 1860 and managed by Mr. Sandeep
Shukla (President) and Mrs. Surbhi Shukla (Secretary). The society
is located in Sultanpur, Uttar Pradesh. KMMS operates the 3
colleges and 2 training centre to provide graduate and post
graduate courses like. BA, B. Com, M. Com, B.Ed. etc.

KINJAL COTTON: CRISIL Keeps B Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL said the ratings on bank facilities of Kinjal Cotton Private
Limited (KCPL) continue to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           7.5        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

   Term Loan             2.0        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with KCPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of KCPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on KCPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of KCPL
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Incorporated in 2008, KCPL is promoted by Mr. Vishnubhai Patel and
his family members. The company gins and presses raw cotton and
extracts oil from cotton seeds at its unit at Sillod in Aurangabad,
Maharashtra.

L B INDUSTRIES: Ind-Ra Cuts Long Term Issuer Rating to 'D'
----------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded L B industries
Private Limited's Long-Term Issuer Rating to 'IND D (ISSUER NOT
COOPERATING)' from 'IND BB- (ISSUER NOT COOPERATING)'. The issuer
did not participate in the rating exercise despite continuous
requests and follow-ups by the agency. Therefore, investors and
other users are advised to take appropriate caution while using
these ratings.

The instrument-wise rating actions are:

-- INR60 mil. Fund-based working capital limit (long-term/ short-
     term) downgraded with IND D (ISSUER NOT COOPERATING) rating;
     and

-- INR420 mil. Non-fund-based working capital limit (short-term)
     downgraded with IND D (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Based on the best-available
information

KEY RATING DRIVERS

The downgrade reflects L B industries' delays in debt servicing,
the details of which are not available.

COMPANY PROFILE

Incorporated in 2008, L B Industries trades various flooring
products and edible oils. In December 2013, the firm started
trading various commodities such as palm oil and sugar. In 2015, it
ventured into third-party manufacturing of cooking spray oil under
its own brand name.


LAMA BEAR: CRISIL Keeps B Debt Rating in Not Cooperating
--------------------------------------------------------
CRISIL said the rating on bank facilities of Lama Bear Organic
Extract Limited (Lama) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities         (INR Crore)     Ratings
   ----------         -----------     -------
   Proposed Long Term      14         CRISIL B/Stable (ISSUER NOT
   Bank Loan Facility                 COOPERATING)


CRISIL has been consistently following up with Lama for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of Lama, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on Lama is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of Lama
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Lama was established in 2010. The company is promoted by Mr. J N
Singh, Mr. Hiren Kumar Bose, and Ms Rashmi Singh, with Dr V Rajpal
as consultant. The company is setting up a project for extracting
spice oil and spice oleoresin, using the supercritical fluid
extraction (SCFE) and hydro-ethanol extraction technology.

LATHA EDUCATIONAL: CRISIL Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------------
CRISIL said the rating on bank facilities of Latha Educational
Society (LES) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Term Loan              5         CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with LES for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of LES, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on LES is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of LES
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

LES, based in Tamil Nadu, manages Sakthi Matric Higher Secondary
School and ECR International School at Chinnasalem in Tamil Nadu.
Established in 1993, the society is managed by Mr. E C Ravikumar.

MAHARAJA RESOURCES: CRISIL Keeps B Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL said the ratings on bank facilities of Maharaja Resources
Private Limited (MRPL) continue to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           2.7        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

   Term Loan             7.0        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with MRPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of MRPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on MRPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of MRPL
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Set up in 2010, the Jalpur (Orissa) based MRPL promoted by Mr.
Sambhu Kalyan Das, manufactures primarily SS Pipes/Bars/Tubes and
Railings.

MAXVITA PHARMA: CRISIL Keeps B Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL said the rating on bank facilities of Maxvita Pharma Private
Limited (Maxvita) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)    Ratings
   ----------       -----------    -------
   Proposed Term Loan     15       CRISIL B/Stable (ISSUER NOT
                                   COOPERATING)

CRISIL has been consistently following up with Maxvita for
obtaining information through letters and emails dated March 17,
2020 and September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of Maxvita, which restricts
CRISIL's ability to take a forward looking view on the entity's
credit quality. CRISIL believes that rating action on Maxvita is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of
Maxvita continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

Incorporated in 2013, Maxvita is promoted by Thakur Family. The
company is setting up plant for contract manufacturing of capsules.
The capacity will be around 1 lacs strip per day. The operations
will commercialize from April 2019 onwards.

OM MILK: CRISIL Keeps B Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CRISIL said the rating on bank facilities of Shree Om Milk Foods
Private Limited (SOMFPL) continues to be 'CRISIL B/Stable Issuer
Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Overdraft               6        CRISIL B/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with SOMFPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SOMFPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SOMFPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SOMFPL
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

SOMFPL, incorporated in 2008 at Bikaner (Rajasthan) manufactures
and trades in milk and milk products such as ghee, curd, cheese,
and butter milk. Mr. Hanuman Prasad Sharma and Mr. Om Prakash
Sharma are the promoter.

OM RICE: CRISIL Keeps B+ Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CRISIL said the ratings on bank facilities of Shree Om Rice Mills -
Mainpuri (SORM) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            4.5       CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Proposed Long Term     0.94      CRISIL B+/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING)

   Term Loan              1.06      CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with SORM for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SORM, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SORM is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SORM
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SORM is a partnership firm set up in 1982 by Mr. Mahesh Chandra
Agnihotri and his brother, Mr. Ram Naresh Agnihotri. The firm
mills, processes and packages basmati and non-basmati rice. The
production facilities in Mainpuri, Uttar Pradesh, have a milling
and sorting capacity of around 3.4 tonnes per hour. Capacity
utilisation averages 80%.

PADMAVATI ENGINEERS: CRISIL Keeps B+ Rating in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Shree Padmavati
Engineers India Private Limited (SPEIPL) continue to be 'CRISIL
B+/Stable/CRISIL A4 Issuer not cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Bank Guarantee        16.5       CRISIL A4 (ISSUER NOT
                                    COOPERATING)

   Cash Credit            3.0       CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with SPEIPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SPEIPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SPEIPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SPEIPL
continues to be 'CRISIL B+/Stable/CRISIL A4 Issuer not
cooperating'.

For arriving at the rating, CRISIL has consolidated the business
and financial risk profile of SKEIPL and Shree Padmavati Engineers
(India) Pvt Ltd (SPEIPL). This is because both companies have
common promoters, operate in the same line of business, and have
significant business and financial linkages.

SKEIPL was incorporated in Mumbai (Maharashtra) in 1992. SPEIPL was
incorporated in Mumbai in 2002. The companies are promoted by the
Bhimani family.

The group consults, contracts and commissions projects for plumbing
and sanitation, water supplies, fire detection and protection,
process chemicals and HVAC (Heating Ventilation and Air
Conditioning) pipework.

PRASANNA EDUCATION: Ind-Ra Migrates Then Withdraws 'D' Loan Rating
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Prasanna Education
Trust's (PET) bank loan ratings to the non-cooperating category and
has simultaneously withdrawn it.

The detailed rating actions are:

-- INR88.84 mil. Bank loans (Long-term) migrated to non-
     cooperating and withdrawn; and

-- INR20.00 mil. Fund-based working capital facility (Long-term)
     migrated to non-cooperating and withdrawn.

*Migrated to 'IND D (ISSUER NOT COOPERATING)' before being
   withdrawn

KEY RATING DRIVERS

The rating has been migrated to the non-cooperating category as the
issuer did not participate in the rating exercise despite
continuous requests and follow-ups by Ind-Ra.

Ind-Ra is no longer required to maintain the rating, as it has
received a no-objection certificate from the lender. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017, for credit rating agencies.

COMPANY PROFILE

PET is a public charitable trust established in 2003 and managed by
K. Gangadhara Gowda, former Minister, Government of Karnataka, and
his family. The trust runs six institutions, including a
residential school, and offers primary-to-higher education in
Dhankshina Kannada, Karnataka. The trust started four new
institutions over 2019-2020.


PRESTOGEM VEHICLES: CRISIL Keeps B Debt Rating in Not Cooperating
-----------------------------------------------------------------
CRISIL said the rating on bank facilities of Prestogem Vehicles
Private Limited (PVPL) continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities         (INR Crore)     Ratings
   ----------         -----------     -------
   Proposed Long Term
   Bank Loan Facility        10       CRISIL B/Stable (ISSUER NOT
                                      COOPERATING)

CRISIL has been consistently following up with PVPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of PVPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on PVPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of PVPL
continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

PVPL was established in February 2012, by Mr. Sunil Kumar Mittal
and Mr. Madhav Tukaram Khedekar. The company intends to set up a
three-wheeler assembly unit at MIDC Tembhurni, Maharashtra.

PRIYANKSHI FASHIONS: CRISIL Keeps B+ Rating in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Priyankshi Fashions
Private Limited (PFFL) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            10        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)
    
   Proposed Cash           8        CRISIL B+/Stable (ISSUER NOT
   Credit Limit                     COOPERATING)

CRISIL has been consistently following up with PFFL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of PFFL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on PFFL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of PFFL
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 2011, PFFL is promoted by Mr. Kishanbhai Khetan and
his wife, Ms. Ramta Khetan. The company trades in saris and dress
materials and carries out its operations in Surat (Gujarat).

PROPER PRODUCTS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL said the ratings on bank facilities of Proper Products
Private Limited (PPPL) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit             6        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Overdraft               2        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with PPPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of PPPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on PPPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of PPPL
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Set up as a partnership firm in 1992, PPPL was reconstituted as a
company in 2009. Based in Ernakulam, Kerala, PPPL trades in iron
and steel products such as roofing sheets, galvanised iron sheets,
corrugated sheets, and steel coils. Its operations are managed by
promoters, Mr. Mahesh Kumar Mintri, Mr. Suresh Kumar Mintri, and
Mr. Prakash Kumar Chaudhary.

RAJSHRI IRON: Ind-Ra Cuts LT Issuer Rating to 'B+', Outlook Stable
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Rajshri Iron
Industries Private Limited's (RIIPL) Long-Term Issuer Rating to
'IND B+' from 'IND BB-'. The Outlook is Stable.

The instrument-wise rating actions are:

-- INR96.5 mil. (reduced from INR146.5 mil.) Fund-based working
     capital limits downgraded with IND B+/Stable rating; and

-- INR53.5 mil. Non-fund-based working capital limits downgraded
     with IND A4 rating.

The downgrade reflects RIIPL's poor liquidity position, substantial
decline in revenue and deterioration in credit metrics.

KEY RATING DRIVERS

Liquidity Indicator – Poor: RIIPL's average utilization of the
fund-based limits was 96% along with a single instance of
overutilization during the 12 months ended September 2020, though
the same was regularized within seven days. The company's cash flow
from operations deteriorated to a negative INR133.49 million in
FY20 (FY19: negative INR84.65 million) due to higher working
capital requirements. Also, the net cash cycle elongated to 359
days in FY20 (FY19: 138 days) because of an increase in the average
inventory days to 342 (127). The company had unencumbered cash of
only INR0.79 million at FYE20 (FYE19: INR0.80 million). RIIPL does
not have any capital market exposure and relies on banks and
financial institutions to meet its funding requirements. The
numbers for FY20 are provisional.

The ratings are constrained by RIIPL's small scale of operations,
as indicated by revenue of INR598.08 million in FY20 (FY19:
INR732.13 million). The revenue fell by 18.31% yoy due to a fall in
the sales volume to 31,435MT in FY20 (FY19: 33,834MT). Furthermore,
the sales realizations decreased to INR19,026/MT in FY20 from
INR21,639/MT in FY19. The company achieved revenue of INR194.6
million in 5MFY21. Ind-Ra expects the revenue to decline in FY21 as
well owing to a fall in demand, resulting from the COVID-19-led
disruptions.

The ratings reflect RIIPLS's weak credit metrics, which
deteriorated because of a fall in absolute EBITDA and high debt
levels. The interest coverage (operating EBITDA/gross interest
expense) deteriorated to 1.74x in FY20 (FY19: 2.18x) due to a
decline in the absolute EBITDA INR34.75 million (INR47.72 million).
Moreover, the adjusted net financial leverage (total adjusted net
debt/operating EBITDAR), excluding a subordinated unsecured loan of
INR77 million of the total unsecured loan of INR293.20 million,
weakened to 9.39x in FY20 (FY19: 4.32x). Furthermore, the net
leverage (net debt/EBITDAR) stood at 11.61x in FY20 (FY19: 5.93x).
Ind-Ra expects the metrics to deteriorate marginally in FY21 owing
to a likely fall in the absolute EBITDA.

The ratings factor in RIIPL's modest EBITDA margins due to the
intense competition in the industry. The margin fell to 5.81% in
FY20 (FY19: 6.52%) due to an increase in the cost of operations.
The return on capital employed stood at 3% in FY20 (FY19: 6%).
Ind-Ra expects the EBITDA margin to remain stable in FY21 on
account of better management of the overall of cost of operations.

The ratings, however, continue to be supported by promoter's
experience of more than a decade in the iron and steel industry.

RATING SENSITIVITIES

Positive: An improvement in the liquidity position, along with
substantial growth in the revenue and EBITDA margin, leading to an
improvement in overall credit metrics, all on a sustained basis,
could lead to positive rating action.

Negative: Further deterioration in the liquidity position, along
with a decline in the revenue or EBITDA margin, resulting in
deterioration in the credit metrics, all on a sustained basis,
could lead to negative rating action.

COMPANY PROFILE

Incorporated in October 2004, RIIPL manufactures sponge iron at its
plant is located in Jamuria, West Bengal. The company commenced
commercial operations in FY10. Abhishek Sharma is the promoter.


SANSIDH AGRO: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL said the ratings on bank facilities of Sansidh Agro
Industries Private Limited (SAIPL) continue to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            9         CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Proposed Long Term     5         CRISIL B+/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING)

CRISIL has been consistently following up with SAIPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SAIPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SAIPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SAIPL
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 2011, SAIPL manufactures rice bran oil and de-oiled
rice bran, which are used as animal feed. The Company has rice bran
processing capacity of 200 tonnes per day (TPD) in Nellore district
in AP. The company is managed by Mr. Uduta Krishnaiah.

SARDAR SOLVEX: CRISIL Keeps B+ Debt Rating in Not Cooperating
-------------------------------------------------------------
CRISIL said the rating on bank facilities of Sardar Solvex Private
Limited (SSPL) continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            6         CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with SSPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SSPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SSPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SSPL
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SSPL, incorporated in 2004, manufactures rice bran oil and de-oiled
cake in its facilities in Nabha, Punjab. Mr. Surinder Garg, Mr.
Hari Dyal and Mr. Karambir Garg are the promoters.

SHIV GANGA: CRISIL Withdraws B+ Rating on INR13cr Cash Loan
-----------------------------------------------------------
CRISIL has withdrawn its rating on the bank facilities of Shiv
Ganga Hybrid Seeds Private Limited (Shiv) on the request of the
company and receipt of a no objection certificate from its bank.
The rating action is in line with CRISIL's policy on withdrawal of
its ratings on bank loans.

                     Amount
   Facilities      (INR Crore)     Ratings
   ----------      -----------     -------
   Cash Credit           13        CRISIL B+/Stable (ISSUER NOT
                                   COOPERATING; Rating Withdrawn)

CRISIL has been consistently following up with Shiv for obtaining
information through letters and emails dated December 31, 2019 and
June 17, 2020, among others, apart from telephonic communication.
However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of Shiv. This restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on Shiv is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the rating on bank facilities of Shiv
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

CRISIL has withdrawn its rating on the bank facilities of Shiv on
the request of the company and receipt of a no objection
certificate from its bank. The rating action is in line with
CRISIL's policy on withdrawal of its ratings on bank loans.

Set up in 1989 by Mr. Ravinder Gupta and his younger brother, Mr.
Satish Gupta, Shiv Ganga processes and sells seeds, and is
registered with the Haryana State Seed Certification Agency. The
company sells under the Hari-Har brand through a network of
distributors and direct marketing in Haryana, Madhya Pradesh, Uttar
Pradesh, and Rajasthan.

SHIV SHANKAR: CRISIL Keeps B+ Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL said the rating on bank facilities of Shiv Shankar Rice
Mills - Taraori (SSRM) continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit            10        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

CRISIL has been consistently following up with SSRM for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SSRM, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SSRM is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SSRM
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Established in 2003, and managed by Mr. Anil Gupta and his wife Ms
Savita Gupta, SSRM is a partnership firm engaged in processing and
sale of basmati rice. The firm deals mainly in parboiled basmati
rice and long-grain parboiled basmati rice. It has sorting and
milling capacity of 6 tonne per hour and its plant in Tarori,
Haryana.

STERLING PUBLISHERS: CRISIL Cuts Rating on INR21.57cr Loan to B
---------------------------------------------------------------
CRISIL has revised the ratings on bank facilities of Sterling
Publishers Private Limited (SPPL) to 'CRISIL B/Stable Issuer Not
Cooperating' from 'CRISIL BB+/Stable Issuer Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit           11.3       CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB+/Stable ISSUER NOT
                                    COOPERATING')

   Proposed Long Term    21.57      CRISIL B/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING; Revised from
                                    'CRISIL BB+/Stable ISSUER NOT
                                    COOPERATING')

CRISIL has been consistently following up with SPPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SPPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SPPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SPPL
Revised to 'CRISIL B/Stable Issuer Not Cooperating' from 'CRISIL
BB+/Stable Issuer Not Cooperating'.

Established in 1964, SPPL is promoted by Mr. O P Ghai, and managed
by his son, Mr. S K Ghai, and grandsons, Mr. Vikas Ghai and Mr.
Gaurav Ghai. It prints and publishes school textbooks, primarily
for African countries, and children and non-fiction books for the
Indian market. Its facility is in Greater Noida, Uttar Pradesh. In
fiscal 2012, the company diversified into the packaging business by
setting up a facility at its existing premises.

SPXPL develops digital learning platforms.

SUSHIL BAHIRAT: CRISIL Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL said the ratings on bank facilities of Sushil Bahirat Patil
and Associates (SBPA) continue to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                         Amount
   Facilities          (INR Crore)     Ratings
   ----------          -----------     -------
   Proposed Long Term         4        CRISIL B+/Stable (ISSUER
   Bank Loan Facility                  NOT COOPERATING)

   Term Loan                 31        CRISIL B+/Stable (ISSUER
                                       NOT COOPERATING)

CRISIL has been consistently following up with SBPA for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SBPA, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SBPA is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SBPA
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

SBPA was set up in 2011 as a partnership firm by Mr. Sushil Bahirat
Patil and his wife, Mrs Pritam Bahirat. The firm develops and
leases out commercial properties in Pune (Maharashtra).

THEIVA EXIM: CRISIL Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL said the ratings on bank facilities of Theiva Exim (Texim)
continue to be 'CRISIL B+/Stable Issuer Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit             4        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Proposed Working        6        CRISIL B+/Stable (ISSUER NOT
   Capital Facility                 COOPERATING)

CRISIL has been consistently following up with Texim for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of Texim, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on Texim is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of Texim
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Texim was set up in 2009 in Rajapalayam, Tamil Nadu, as a
proprietary firm of Mr. V Arun Prakash. The firm imports and trades
in agro commodities such as pulses.

TSSS INFOTECH: CRISIL Lowers Rating on INR9.0cr Loans to B
----------------------------------------------------------
CRISIL has revised the ratings on bank facilities of T S S S
Infotech and Infra Private Limited (TSSS) to 'CRISIL B/Stable
Issuer Not Cooperating' from 'CRISIL BB-/Stable Issuer Not
Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Long Term Loan        6.34       CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB-/Stable ISSUER NOT
                                    COOPERATING')

   Proposed Long Term    2.66       CRISIL B/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING; Revised from
                                    'CRISIL BB-/Stable ISSUER NOT
                                    COOPERATING')

CRISIL has been consistently following up with TSSS for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of TSSS, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on TSSS is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of TSSS
Revised to 'CRISIL B/Stable Issuer Not Cooperating' from 'CRISIL
BB-/Stable Issuer Not Cooperating'.

Incorporated in 2006 as TSSS Infotech Pvt Ltd and renamed as TSSS
in 2015, the company provides IT services. The Hyderabad-based
company had also set up a 2.4 megawatt wind mill, which commenced
operations on March 12, 2017. Mr. Shyam Kumar Thota is the
promoter.

VARALAKSHMI MOTORS: CRISIL Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Sri Varalakshmi
Motors Private Limited (SVMPL) continue to be 'CRISIL B+/Stable
Issuer Not Cooperating'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit             5        CRISIL B+/Stable (ISSUER NOT
                                    COOPERATING)

   Proposed Long Term      0.5      CRISIL B+/Stable (ISSUER NOT
   Bank Loan Facility               COOPERATING)

CRISIL has been consistently following up with SVMPL for obtaining
information through letters and emails dated March 17, 2020 and
September 16, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SVMPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SVMPL is consistent
with 'Assessing Information Adequacy Risk'. Based on the last
available information, the ratings on bank facilities of SVMPL
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 2005, SVMPL is an authorized dealer for
two-wheelers of HML in Vizianagaram district of Andhra Pradesh. The
company is promoted by Mr. N Sairam Venkata Reddy and his family.

VIDEOCON INDUSTRIES: Dhoot Family Offers to Pay INR3,000 crore
--------------------------------------------------------------
Livemint.com reports that to settle the outstanding loans and pull
out 13 Videocon group firms from the insolvency proceedings, the
Dhoot family has offered to pay INR30,000 crore to lenders.

Now, a proposal for paying the amount has been forwarded to the
Committee of Creditors (CoC) of the Videocon Industries, Venugopal
Dhoot, who was the Chairman and Managing Director of the suspended
board of Videocon Industries, told news agency PTI, Livemint.com
relays.

Following an initation of Corporate Insolvency Resolution Process
(CIRP) under the Insolvency and Bankruptcy Code (IBC), the firm's
board was suspended.

According to Livemint.com, the Dhoot family -- erstwhile promoters
of the group -- expects a final decision on the settlement offer by
the end of this year, provided the lenders and the National Company
Law Tribunal (NCLT) agree to it, as per reports.

The settlement offer has been made for 13 out of the 15 Videocon
group companies that are currently under CIRP. Two group companies,
KAIL and TREND, are, however, not covered under the offer,
Livemint.com notes.

Livemint.com says the Mumbai bench of NCLT has clubbed the 15 group
companies together to speed up the resolution process as well as
ensure better value.

"I expect the final decision to be taken within the next 30 to 60
days," Livemint.com quotes Mr. Dhoot as saying.

Under Section 12A of the IBC, the tribunal can permit withdrawal of
an ongoing insolvency process against a company subject to certain
conditions.

Livemint.com says the resolution professional concerned has to move
a proposal for withdrawal of insolvency process with the approval
of 90 per cent members having voting rights in the Committee of
Creditors (CoC).

According to Livemint.com, Mr. Dhoot said the latest proposal under
Section 12A is similar to the one which was made in October 2017
and approved by Joint Lenders' Forum and recommended to the Reserve
Bank of India.

"As per our original proposal of October 2017, the total debt for
which restructuring was considered was for INR31,289 crores ie.
without any haircut in the original proposal," he said.

In 2017, the proposal was rejected and the banks moved the tribunal
to initiate CIRP, the report notes.

Mr. Dhoot's latest proposal has considered the entire amount of
INR31,289 crore including unpaid interest up to December 31, 2020,
Livemint.com says.

"This proposal follows the general principle of IBC stated by
Supreme Court primarily focusing on GEM ie. Going Concern,
Employment and Maximising Value to all the stakeholders," he said.

Generally, only few 12A applications get requisite approvals,
However, Mr. Dhoot is confident of the proposal and said around 150
companies have successfully withdrawn under Section 12A from
insolvenvcy process, the report notes.

"Our proposal is robust and outlines the capabilities of not only
servicing the debt but also regaining the lost glory of Videocon.
It is explicitly placed that we have not sought any haircut from
the original accepted and recommended the proposal of 2017," he
said.

Without divulging specific details about the proposal, Mr. Dhoot
said it envisages payment of loans from its flagship consumer
electronics and home appliances business.

Livemint.com adds that Mr. Dhoot said that he has a "robust
business plan" in order to regain the image of the Videocon brand
and its market share.

"The consumer market in India is growing by the day. Videocon will
play a pivotal role in addressing the growing market across
consumer durables segments," Mr. Dhoot, as cited by Livemint.com,
said, adding that Videocon will also be a key player in the OEM
(Original Equipment Manufacturer) segment for foreign brands.

The group has plans to monetise assets as well as enter into the
affordable housing business, the report notes.

Last year, the Videocon Industries reported a huge loss of
INR6,760.75 crore for the fiscal ending March 2019 against
INR5,264.04 crore in the year ago period mainly due to a sharp fall
in income, Livemint.com adds.

                     About Videocon Industries

Videocon Industries sells consumer products like color televisions,
washing machines, air conditioners, refrigerators, microwave ovens
and many other home appliances in India.

On June 6, 2018, National Company Law Tribunal (NCLT), Mumbai
bench, admitted a petition for initiating insolvency resolution
process against the company under the Insolvency and Bankruptcy
Code, 2016.

According to Videocon's FY17 annual report, the company is liable
to repay the liability of other group companies to the extent of
INR5,082 crore as on March 31, 2017. The company's total debt stood
at INR19,506 crore as of March 2017.

WELGA FOODS: CRISIL Reaffirms B+ Rating on INR14.35cr Cash Loan
---------------------------------------------------------------
CRISIL has reaffirmed its rating on the long-term bank facilities
of Welga Foods Limited (WFL) at 'CRISIL B+/Stable'.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Cash Credit          14.35       CRISIL B+/Stable (Reaffirmed)

   Long Term Loan         .40       CRISIL B+/Stable (Reaffirmed)

   Proposed Long Term
   Bank Loan Facility     .10       CRISIL B+/Stable (Reaffirmed)

The rating continues to reflect WFL's weak financial risk profile,
and large working capital requirement due to seasonal nature of
business. These weaknesses are partially offset by the extensive
experience of the promoters in the frozen food industry and the
company's strong distribution network.

Analytical Approach
Unsecured loan of INR2.36 crore as on Mar 31, 2020 from promoters
has been treated as neither debt nor equity (NDNE) as these are
non-interest bearing and are expected to remain in business over
the medium term.

Key Rating Drivers & Detailed Description

Weaknesses:

* Weak financial risk profile: Financial risk profile continues to
be weak with estimated low networth and high total outside
liabilities to tangible net worth (TOLTNW) ratio of INR2.50 crore
and 4.19 times, respectively, as on March 31, 2020. Debt protection
metrics are also weak, with estimated net cash accrual to adjusted
debt (NCAAD) ratio of 0.11 times for fiscal 2020. CRISIL believes
improvement in financial risk profile is a key rating sensitivity
factor.

* Large working capital requirement: Business continues to be
working capital intensive, as reflected in estimated gross current
assets (GCAs) of 323 days as on March 31, 2020, driven by large
inventory of 340 days as the seasonal business results in
substantial procurement in the last quarter of the fiscal. With
moderate credit from suppliers, the company depends on bank lines
to fund working capital requirement.

Strengths:

* Extensive industry experience of the promoters: The promoters'
experience of three decades has helped them develop a keen
understanding of the industry dynamics and establish strong
relationships with customers and suppliers.

* Strong distribution network: Strong distribution network
comprising 400 dealers and distributors in Uttar Pradesh,
Maharashtra, Delhi, Rajasthan, Haryana, and Bihar has helped WFL
cater to customers pan India.

Liquidity Stretched

Cash accruals expected at INR0.04-0.70 crore per annum over the
medium term would just suffice against annual repayment obligation
of around INR0.50 crore. Stretched liquidity is somewhat supported
by cushion available in bank lines, which were utilized at an
average of 80% in the 12 months through March 2020 and unsecured
loan from the promoters, estimated to be outstanding at INR2.36
crore as on March 31, 2020. Current ratio is estimated to be below
1 time as on March 31, 2020.

Outlook: Stable

CRISIL believes WFL will continue to benefit from its promoters'
extensive experience in the food processing industry.

Rating Sensitivity factors

Upward factors
* Cash accruals increasing to more than INR1.20 crore per annum
over the medium term
* Significant improvement in financial risk profile
* Prudent working capital management

Downward factors
* GCAs increasing to more than 400 days
* Debt funded capital expenditure worsening the financial risk
profile
* Substantial decline in revenue post the pandemic.

Incorporated in 1984 by Mr. Gyan Prakash and Mr. Gaurav Prakash,
WFL manufactures and sells frozen peas and other vegetables under
its brand Welga's. Its processing plant is in Budaun (Uttar
Pradesh).



=================
I N D O N E S I A
=================

PAN BROTHERS: Fitch Downgrades LT Issuer Default Rating to B-
-------------------------------------------------------------
Fitch Rating has downgraded Indonesian-based garment manufacturer
PT Pan Brothers Tbk's (PB) Long-Term Issuer Default Rating (IDR) to
'B-', from 'B'. At the same time, Fitch Ratings Indonesia has
downgraded PB's National Long-Term Rating to 'BBB-(idn)', from
'A-(idn)'. The ratings have been placed on Rating Watch Negative
(RWN).

The downgrade reflects pressure on PB's liquidity and the elevated
refinancing risk associated with its USD138.5 million credit loan
facility due February 2021 and USD171 million bond due January
2022, which was issued by its subsidiary, PB International B.V.

Fitch understands that PB is in the process of refinancing its
credit loan facility and is exploring various strategies with the
respect to the bond. However, given the market uncertainty and
limited runway to maturity, Fitch has placed the ratings on RWN.
Fitch expects to resolve the RWN upon a successful refinancing of
the facility, provided PB's liquidity position does not deteriorate
further.

'BBB' National Ratings denote a moderate level of default risk
relative to other issuers or obligations in the same country or
monetary union.

KEY RATING DRIVERS

Refinancing Risk: PB has a USD138.5 million credit loan facility
due February 2021 and a USD171 million bond due January 2022,
against a cash balance and undrawn loan facility of USD40 million
and USD10 million, respectively, as at June 2020. PB is aiming to
secure commitments from existing banks for the syndication loan and
is also pursuing alternative funding, including a USD60 million
state-guaranteed loan. The downgrade reflects the tight liquidity,
while the RWN captures the uncertainty of executing the refinancing
plan in a short time period.

Resilient Profitability Amid Pandemic: PB's exposure to well-known
global retail brands, its position as Indonesia's largest listed
garment manufacturer and its ability to cater for medical personal
protective equipment demand has helped the company withstand the
coronavirus pandemic. This is reflected by revenue growth of 15%
and EBITDA growth of 21% in the year to end-June 2020.

Fitch believes PB's increasing importance in its customers' supply
chains, established record, wide product range and longstanding
relationships with global brands, including Uniqlo, Adidas and
North Face, improve customer loyalty and PB's bargaining power with
clients. The company's rating also reflects its base in Indonesia,
one of the world's most cost-competitive locations for garment
manufacturing.

Negative Cash Flow: PB's experiences continued negative cash flow
from operations, caused by the heavy working-capital nature of its
business. Cash flow may be further pressured by any requests for
payment extensions or delays in delivering inventory due to the
pandemic, although most inventory purchased upfront is based on
committed orders. Still, prolonged negative cash flow from
operations may leave PB dependent on external funding and limit its
deleveraging ability; Fitch expects leverage, calculated by
seasonality adjusted net debt/EBITDA, at 4.0x-4.5x in 2020-2022.

PB's working-capital cycle is longer in the first half of the year,
when it purchases materials to cater for woven outerwear clothing,
in particular, down jackets, to be ready for the peak production
season between April and September. Fitch excludes around USD25
million from PB's year-end cash balance from the year-end leverage
ratio to reflect this seasonality.

Cost Pass-Through Ability: PB operates under a cost-plus pricing
mechanism, where the prices of its products are derived from the
cost of raw materials plus a margin. This allows PB to pass through
cost fluctuations to customers. Nevertheless, margins may come
under pressure during prolonged cyclical downturns. Fitch expects
the EBITDA margin to remain stable at around 9%-10% over
2020-2022.

Manageable Currency Exposure: Over 90% of PB's sales are from
exports, while around 75% of its raw materials are imported. This
provides a natural hedge against currency volatility, as was
evident in 2015 and 2018 when PB's EBITDA margin remained intact in
the face of severe exchange-rate volatility. Raw material costs
make up around 65% of the company's total costs

DERIVATION SUMMARY

PB's IDR is comparable with that of PT Sri Rejeki Isman Tbk
(Sritex; BB-/Stable) and 361 Degrees International Limited
(B/Negative).

The ratings on PB and Sritex are underpinned by strong market
positions in Indonesia's textile and garment industry. However, the
rating differential has widened on account of PB's weaker liquidity
and heightened refinance risk. Operationally, Sritex has greater
integration, higher end-product diversification and larger
operating scale, which, together with its stronger financial
profile and lower refinancing risk, accounts for the multiple-notch
rating difference with PB. Nevertheless, Fitch believes PB's
downstream-focused operation has inherently lower risks than
Sritex's upstream-focused operation, as all of PB's inventory and
working capital-related debt incurred is fully backed by purchase
orders from reputable global retail brands, limiting speculative
inventory in its balance sheet.

Fitch believes that both PB and 361 Degrees have high refinancing
risk within the next six to nine months. PB is attempting to
refinance its USD138.5 million loans maturing in February 2021,
while 361 Degrees has seen little progress in transferring onshore
cash offshore ahead of the June 2021 maturity of its US-dollar
bond. However, 361 Degrees has a better financial profile - as
reflected by its larger scale, stronger margin and net cash
position - resulting in it being rated one notch above PB.

PB's National Long-Term Rating is comparable with that of PT Bali
Towerindo Sentra Tbk (BBB+(idn)/Stable) and PT Wijaya Karya
(Persero) Tbk (WIKA, A-(idn)/Negative; Standalone Credit Profile:
b-(idn)).

PB has larger scale and geographical diversification than Bali
Tower, but this is counterbalanced by Bali Tower's better revenue
visibility from its long-term customer contracts with significantly
higher margins. Furthermore, Bali Tower has lower refinancing risk,
and is therefore rated two notches above PB.

Both PB and WIKA are significant competitors in their respective
industries. WIKA has significantly larger scale and lower
refinancing risk than PB, although PB has a more resilient profile
- supported by well-known brands and better geographical
diversification - higher interest coverage and considerably lower
leverage. Hence, Fitch assesses WIKA and PB's Standalone Credit
Profiles at the same level.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

  - Net sales growth of 5% in 2020, 2% in 2021 and between 9%-10%
in 2022-2023 (2019: 9%)

  - EBITDA margin of between 9%-10% in 2020-2023 (2019: 9%)

  - Capex of around 2% of revenue in 2020-2023 (2019: 2%)

KEY RECOVERY RATING ASSUMPTIONS

The recovery analysis assumes that PB would be reorganised as a
going-concern in bankruptcy rather than liquidated. Fitch assumes a
10% administrative claim

Going-Concern Approach

The going concern EBITDA estimate reflects Fitch's view of a
sustainable, post-reorganisation EBITDA level upon which Fitch
bases the enterprise valuation.

Fitch estimates EBITDA at USD64 million; this is 5% lower than the
last 12 months 2Q20 EBITDA to reflect the industry's mid-cycle
conditions and competitive dynamics.

An enterprise value multiple of 5x EBITDA is applied to the going
concern EBITDA to calculate a post-reorganisation enterprise value.
The multiple reflects a discount from the median global multiple of
9x for completed M&A transactions in the textile industry over the
past decade, based on Bloomberg data. The 5x multiple also reflects
PB's smaller size compared with global manufacturers.

Fitch also assumes fully drawn syndicated and short-term loan
facilities - which have priority over senior unsecured debt - to
the extent allowed by the bond indenture.

The going-concern enterprise value covers 71%-90% of PB's unsecured
debt, corresponding to a 'RR2' Recovery Rating for the senior
unsecured notes after adjusting for administrative claims.
Nevertheless, Fitch has rated the senior unsecured bonds
'B-'/'RR4', because, under its Country-Specific Treatment of
Recovery Ratings criteria, Indonesia is classified under the Group
D of countries in terms of creditor friendliness and the instrument
ratings of issuers with assets located in this group are subject to
a soft cap at the issuer's IDR.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

  - Fitch will remove the RWN and affirm the ratings upon the
successful refinancing of the USD138.5 million loan credit facility
due February 1, 2021, provided PB's liquidity position remains
adequate

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

  - Fitch may take negative rating action if there is a lack of
progress in PB's refinancing plans by the end of November 2020

LIQUIDITY AND DEBT STRUCTURE

Pressured Liquidity Profile: Fitch believes PB's liquidity profile
is under pressure, with the upcoming USD138.5 million syndication
loan maturity by February 2021 and ongoing negotiations with banks
- which elevates timely execution risks. PB is dependent on
external funding due to its negative cash flow from operations. It
has a cash position and remaining undrawn loan facility of USD40
million and USD10 million, respectively.

PB's order book is seasonal; its working-capital requirements
increase during the second and third quarters of the year. Fitch
has conservatively treated USD25 million as cash that is not
readily available to service debt, being the minimum cash balance
earmarked for meeting seasonal working-capital needs. Therefore,
Fitch excludes USD25 million in cash from the calculation of PB's
year-end leverage ratio.

SUMMARY OF FINANCIAL ADJUSTMENTS

  - Fitch includes advance payments, which are mostly for raw
materials, as part of the working-capital calculation.

  - Fitch assumed USD25 million of year-end cash to be restricted,
reflecting cash set aside for seasonal working-capital purposes.

REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF
RATING

The principal sources of information used in the analysis are
described in the Applicable Criteria.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.

[*] INDONESIA: Pandemic Taking Heavy Tolls on SOEs
--------------------------------------------------
The Jakarta Post reports that the economic crisis brought about by
the COVID-19 outbreak has hit state-owned enterprises (SOEs) in the
energy, transportation and infrastructure sectors, a top government
official has said.

According to the report, Deputy SOEs Minister Kartika "Tiko"
Wirjoatmodjo said SOEs in the energy sector, such as electricity
giant PLN and oil and gas company Pertamina, had suffered severe
losses amid low demand during the health crisis.    

"SOEs in the energy sector have suffered the worst revenue losses,
as low consumption of electricity and fuel show the economy is
still far from normal," he told a virtual discussion on Oct. 20.

Indonesia's economy shrank 5.32 percent year-on-year (yoy) in the
second quarter this year due to the health crisis and is widely
expected to contract further in the third quarter, The Jakarta Post
discloses. The contraction would mark the country's first economic
recession since the 1998 Asian financial crisis.    

The Jakarta Post says the government has allocated IDR695.2
trillion (US$4.7 billion) in COVID-19 stimulus funds to spur the
economic recovery and finance the healthcare system. From the funds
allocated, the government plans to disburse funds to SOEs as part
of the national economic recovery program, including through state
capital injections (PMN), loans and fund placements, among other
measures.    According to the Finance Ministry's latest
presentation, the government has earmarked IDR20.5 trillion in PMN,
including IDR7.5 trillion for state-owned construction firm PT
Hutama Karya to finance the trans-Sumatra toll road project, the
Jakarta Post relays. It will also channel IDR20.75 trillion in
loans and investment to SOEs, including IDR8.5 trillion for
national flag carrier PT Garuda Indonesia.

The funds for Garuda, for example, will be channeled through a
mandatory convert bond (MCB), which was approved by the House of
Representatives (DPR) in July, the report notes. The MCB for the
airline is expected to have a tenor of three years, with
state-owned infrastructure financing company PT Sarana Multi
Infrastruktur (SMI) projected to act as a buyer of the bond and
eventually a shareholder of the company.    

The government has also been taking measures to conduct financial
restructuring in Garuda, following the company's losses this year,
including by ceasing domestic routes and evaluating aircraft
leasing contracts, Tiko said, The Jakarta Post relays.    

Tiko added that SOEs in the infrastructure and transportation
sectors, such as train operator PT Kereta Api Indonesia (KAI), toll
road operator PT Jasa Marga and state builder Waskita Karya had
also suffered during pandemic, and would also receive government
assistance, The Jakarta Post notes. "The number of train passengers
is only about 15 percent of pre-pandemic levels, as people are
still reluctant to use public transportation," he said.   

Toll road usage in Java and Sumatra has increased in recent weeks,
according to Tiko, The Jakarta Post relays. The government has
taken several measures to lessen the impact of the pandemic on SOEs
and the economy. For example, the government and the Financial
Services Authority (OJK) have teamed up to provide debt
restructuring for businesses, while it also ensuring food
availability and strengthening the healthcare response to the
pandemic, Tiko added, according to The Jakarta Post. However, on
Sept. 10, Garuda Indonesia president director Irfan Setiaputra
stated that the government's funds would not be sufficient to turn
the company's financial situation around.    

In a research note published on Sept. 9, Mirae Asset Sekuritas
research analyst Lee Young Jun predicted the airline would post
losses of $1.1 billion in 2020 and $161.5 million in 2021, The
Jakarta Post discloses. "We think the seat load factor will remain
at 40 percent at best until the end of 2020 as new record highs in
COVID-19 cases continue to be recorded," the note reads, adding
that the extended large scale-social restrictions (PSBB) would
prompt people to avoid traveling.



===============
M A L A Y S I A
===============

1MBD: SFC Fines Goldman Sachs Unit US$350MM Over Failed Bond Offer
------------------------------------------------------------------
The Securities and Futures Commission (SFC) has reprimanded and
fined Goldman Sachs (Asia) L.L.C. (Goldman Sachs Asia) US$350
million (HK$2.71 billion) for serious lapses and deficiencies in
its management supervisory, risk, compliance and anti-money
laundering controls that contributed to the misappropriation of
US$2.6 billion from US$6.5 billion that 1Malaysia Development
Berhad (1MDB) raised in three bond offerings in 2012 and 2013
(Notes 1 & 2).

The 1MDB bond offerings were arranged and underwritten by Goldman
Sachs International, but the actual work was conducted by deal team
members in multiple jurisdictions, and revenue generated from the
transactions was shared among Goldman Sachs entities in different
jurisdictions.

In particular, Goldman Sachs Asia, the compliance and control hub
of Goldman Sachs in Asia and based in Hong Kong, had significant
involvement in the origination, approval, execution and sales
process of the three 1MDB bond offerings.  Ultimately, Goldman
Sachs Asia received 37% of the total revenue of US$567 million
generated from the bond offerings, in the sum of US$210 million,
the largest share among the various Goldman Sachs entities.   

The SFC considers that Goldman Sachs Asia lacked adequate controls
in place to monitor staff and detect misconduct in its day-to-day
operation, and allowed the 1MDB bond offerings to proceed when
numerous red flags surrounding the offerings had not been properly
scrutinised and satisfactory answers to such red flags had not been
obtained.

Mr. Ashley Alder, the SFC's Chief Executive Officer, said: "This
enforcement action is the result of a rigorous, independent
investigation conducted by the SFC into whether Goldman Sachs
Asia's involvement with 1MDB in 2012 and 2013 contravened the
standards expected of firms under Hong Kong regulations."

"The penalty in this case -- assessed solely in accordance with
Hong Kong's own fining framework -- reflects our findings that
Goldman Sachs Asia failed to deal properly with numerous suspicious
circumstances surrounding the 1MDB bond offerings.  These failures
led to multiple, serious breaches of the rules which set out the
high standards of behaviour expected of all firms supervised by the
SFC," Mr. Alder added.

Mr. Thomas Atkinson, the SFC's Executive Director of Enforcement
said: "The 1MDB fraud is a stark reminder to financial
intermediaries involved in multi-jurisdiction transactions of the
importance of having robust internal controls in place and taking
all reasonable steps to protect the integrity of their operations
and their clients from frauds and other dishonest acts.  Goldman
Sachs Asia fell far short of the standards expected of a licensed
intermediary in the 1MDB case and suffered not only reputational
damage from its own failures, but also brought the securities
industry into disrepute."

The 1MDB bond deals were obtained for Goldman Sachs by Mr. Tim
Leissner, a responsible officer of Goldman Sachs Asia and a
participating managing director of the investment banking division
at the material time.  In August 2018, Leissner pleaded guilty to
criminal charges brought by the United States Department of Justice
(US DOJ) against him for conspiring to commit money laundering and
to violate the Foreign Corrupt Practices Act.  Leissner admitted
that he had conspired with a Malaysian financier, Mr. Low Taek Jho,
also known as Jho Low, and others to pay bribes and kickbacks to
Malaysian and Abu Dhabi officials to obtain and retain the business
from 1MDB for Goldman Sachs, including the bond offerings (Notes 4
to 6).

The SFC's investigation found that Leissner was essentially given a
free rein in the execution of the 1MDB bond offerings, enabling him
to provide misleading information to – or conceal information
from – Goldman Sachs without being adequately challenged.  

In particular, despite:

   * evidence pointing to the involvement of Low in bringing about

     the first bond offering;

   * Goldman Sachs's knowledge that Low and Leissner were
     acquaintances and Low was very close to 1MDB and government
     officials in Malaysia and Abu Dhabi; and

   * Low having been twice rejected as a private wealth management

     client as his source of wealth could not be verified,
     resulting in a potential money laundering risk,

Goldman Sachs's regional and firm-wide committees that vetted the
bond offerings accepted Leissner's false assertions that Low had no
roles in the bond offerings without making further inquiries.   

There were also numerous red flags which raised questions as to the
commercial rationale of the bond offerings and serious money
laundering and bribery risks, but they were not critically examined
by various regional and firm-wide committees of Goldman Sachs, thus
enabling Leissner and his conspirators to escape scrutiny.  These
included the following:

   * Despite being in a weak financial position with questionable
     ability to service existing debts, 1MDB raised US$6.5 billion

     within a short period of 10 months but the amounts raised far

     exceeded the actual needs of 1MDB.  Less than 50% of the
     funds raised in the first two bond offerings were intended to

     be used for the acquisition of power assets that had been
     identified.  In just four months after the second offering,
     1MDB raised another US$3 billion to finance a joint venture
     that did not yet have concrete investment plans.  At that
     time, over US$1.6 billion of the proceeds from the first two
     transactions were still not utilised.

   * Goldman Sachs received around US$581.5 million in fees from
     1MDB, about 9% of the funds raised in these offerings.  The
     revenue Goldman Sachs earned from these three offerings alone

     was more than double the total revenue it generated from
     acting as an arranger and/or underwriter in 213 other Asia
     ex-Japan bond offerings in the five years between 2011 and
     2015.

   * 1MDB's willingness to pay such high fees to Goldman Sachs as
     sole arranger and underwriter, and the engagement of Goldman
     Sachs for all three offerings without going through a
     competitive process should have raised questions about how
     the business was obtained from 1MDB, the reasonableness of
     the mandates, and whether the circumstances leading to such
     business raised any suspicions of bribery or other illicit
     conduct.

   * 1MDB's repeated emphasis on confidentiality and speed of
     execution, and its use of foreign private banks rather than
     Malaysian commercial banks to deposit the bond proceeds are
     other red flags present in all three bond offerings.

   * In the course of reviewing the bond offerings, Goldman Sachs
     Asia had found plenty of negative media reports which
     indicated high corruption risks associated with 1MDB and
     which raised questions about the integrity of 1MDB and the
     transactions it had entered into.

The SFC's investigation also found that although the deal team and
control functions took note of many of the red flags and appeared
to have taken some steps to discuss and address them, Goldman Sachs
adopted a piecemeal approach in resolving the issues and had not
properly considered the wider and "bigger picture" concerns about
the commercial rationale of the bond offerings and satisfied itself
that such concerns have been satisfactorily addressed.   

The SFC considers that Goldman Sachs Asia had failed to:

   * supervise diligently its senior personnel who were involved
     in the execution of the bond offerings and to ensure that
     they maintained appropriate standards of conduct;

   * identify and adequately address money laundering and bribery
     concerns when there were numerous red flags;

   * exercise due skill, care and diligence, and act in the best
     interest of its clients and the integrity of the market when
     vetting and approving the bond offerings; and

   * put in place adequate and effective internal control
     procedures to protect its clients from financial losses
     arising from frauds and other dishonest acts or professional
     misconduct.

In deciding the disciplinary sanctions, the SFC took into account
all relevant circumstances, including:

   * Goldman Sachs Asia had extensive involvement in the 1MDB bond

     offerings and received more than one third of the total
     revenue generated from the three bond offerings;

   * there were serious lapses and deficiencies in Goldman Sachs
     Asia's risk, compliance and anti-money laundering controls
     and management oversight which allowed Leissner's bribery of
     foreign government officials to completely escape scrutiny;

   * Goldman Sachs Asia allowed the bond offerings to proceed when

     numerous red flags suggesting money laundering and/or bribery

     had not been properly addressed;

   * Goldman Sachs has settled criminal proceedings with the
     Malaysian government for US$2.5 billion plus a US$1.4 billion

     guarantee;

   * since the securities industry is of fundamental importance to

     Hong Kong's role as an international financial centre,  it is

     essential to maintain among members of the investing public a

     well-founded confidence in the securities industry as well as

     in the integrity and professional competence of those who are

     employed in the industry;

   * a strong message needs to be sent to the market to deter
     other market participants from allowing similar failures to
     occur;

   * Goldman Sachs Asia's acceptance of the SFC's findings and
     disciplinary action facilitated an early resolution of the
     matter; and

   * Goldman Sachs Asia undertook to provide the SFC with annual
     reports prepared by its internal audit function for three
     consecutive years confirming, among others, that effective
     remedial measures have been implemented to address the
     regulatory concerns identified by the SFC in this matter.

                             About 1MDB

Kuala Lumpur-based 1Malaysia Development Bhd (1MDB) operates as a
government agency. The Company offers financial assistance,
analysis, and advice through investors, corporations, and
consultants to startups and growth companies. 1MDB focuses on
investments with strategic value and high multiplier effects on the
economy, particularly in energy, real estate, tourism, and
agribusiness.

As reported in the Troubled Company Reporter-Asia Pacific in June
2015, Reuters relayed that Singapore Police Force has frozen two
bank accounts to help with an investigation in to Malaysia's
troubled state-owned investment fund 1Malaysia Development Bhd
(1MDB), which is being probed by authorities in Malaysia for
financial mismanagement and graft.  Reuters said the freezing of
the Singapore bank accounts follows a similar move in Malaysia
where a task force investigating 1MDB said earlier in July that it
had frozen half a dozen bank accounts following a media report that
nearly $700 million had been transferred to an account of
Malaysia's Prime Minister Najib Razak.

The Wall Street Journal reported in July 2015 that investigators
looking into 1MDB had traced close to US$700 million of deposits
moving through Falcon Bank in Singapore into personal bank accounts
in Malaysia belonging to Najib.

The TCR-AP, citing Bloomberg News, reported in November 2015, that
1MDB agreed to sell its power assets to China General Nuclear Power
Corp. for MYR9.83 billion (US$2.3 billion) as the state investment
company moved one step closer to winding down operations after its
mounting debt raised investor concern.

Bloomberg, citing President Arul Kanda in October 2015, related
that the company faced cash-flow problems after a planned initial
public offering of Edra faced delays amid unfavorable market
conditions.  The listing plan was later canceled as the company
opted for a sale of the assets, Bloomberg noted.

The TCR-AP, citing The Wall Street Journal, reported in April 2016,
that the company defaulted on a $1.75 billion bond issue,
triggering cross defaults on two other Islamic notes totaling
MYR7.4 billion ($1.9 billion).

Asian Nikkei Review reported in June 2016 that Malaysia has
replaced the board of 1Malaysia Development Berhad with treasury
officials, paving the way for the dissolution of the troubled state
investment fund.



=====================
N E W   Z E A L A N D
=====================

BW OFFSHORE: Oil Field Offshore Owner in NZ Goes Into Liquidation
-----------------------------------------------------------------
The Board of Directors of BW Umuroa Pte. Ltd. (BWU), a wholly owned
subsidiary of BW Offshore, has resolved to place BWU into voluntary
liquidation. BWU is the owner and operator of the FPSO Umuroa which
is presently located on the Tui oil field offshore New Zealand.

The owners of the Tui field Permit, Tamarind Taranaki Ltd.
(Tamarind), went into insolvency in December 2019, without any
funding secured for decommissioning and abandonment liabilities. In
March 2020 the New Zealand Government, through the Ministry of
Business, Innovation and Employment (MBIE), assumed full
responsibility for the decommissioning of the field and for
disconnection of the FPSO.

After almost a year of continuous efforts to reach an agreement
relating to the disconnection of the FPSO or get cost covered to
stay on the field until MBIE is able to execute field
decommissioning, the directors and shareholder of BWU have been
left with no choice but to place the company into voluntary
liquidation in order to prevent further accumulation of
unsustainable losses.

Following the liquidation of Tamarind in 2019, BWU has paid in full
the expenses involved in maintaining the FPSO on location and in
compliance with all regulatory requirements. This has included full
remuneration of the local crew and payments to suppliers. BWU will
ensure that no contracted party or crew member is left out of
pocket as a result of the steps it has been forced to take.

"We have assumed responsibilities far beyond the scope of the
contract to ensure the safety and integrity of the vessel, and the
protection of the environment, pending an agreement with MBIE to
move ahead with the FPSO disconnection", said Marco Beenen, the CEO
of BW Offshore.

MBIE has publicly recognised that BWU is a victim of the insolvency
of the field operator Tamarind.

"We have not been able to reach an agreement with MBIE which
provides a viable solution despite significant efforts from our
side, which includes offering to plan and execute the disconnection
for MBIE at cost and without any profit", said Marco Beenen. "As it
now stands, in addition to a significant accumulated cost, we are
still incurring more than USD 1 million per month to keep the FPSO
Umuroa in compliance with regulatory requirements, and this cost is
expected to increase as time progresses. This is unsustainable for
us as a company."

                     Operational Implications

The FPSO Umuroa has been, and presently remains, safely moored to
the Tui field, and BW Offshore will work with the liquidators to
ensure the safety of the crew, the integrity of the FPSO, and
continued care and respect for the environment. The FPSO no longer
contains crude in the tanks and has minimum amount of fuel onboard
to ensure a safe transition to the liquidators.

                     Financial Implications

More than USD21 million has been incurred in 2020 alone to keep the
FPSO on site and in compliance with regulatory requirements during
the period, including demobilisation costs for the earlier attempt
to disconnect the vessel. Following the termination of the FPSO
contract by Tamarind in 2019, and subsequent insolvency, BW
Offshore has not received any payments due under the contract for
more than 12 months. At the end of the contract, 31 December 2019,
this amounted to USD31 million. All unpaid invoices have already
been provided for.

As a result of the voluntary liquidation, the liquidators will take
into custody and control all the assets and property of BWU, and
thereafter apply these in satisfaction of BWU's liabilities to its
creditors. BW Offshore will no longer have control over FPSO
Umuroa. Consequently, it is expected that remaining net book value
of USD21 million on the unit will be written down to zero.

                         About BW Offshore

BW Offshore provides floating production services to the oil and
gas industry. The company also participates in developing proven
offshore hydrocarbon reservoirs. BW Offshore is represented in all
major oil and gas regions world-wide with a fleet of 15 owned
FPSOs. The company has more than 35 years of production track
record, having executed 40 FPSO and FSO projects. BW Offshore is
listed on the Oslo Stock Exchange.

TRACPLUS GLOBAL: To Cut More Than 50% Jobs Due to Pandemic
----------------------------------------------------------
Jacob McSweeny at Otago Daily Times reports that Dunedin tracking
and communication company TracPlus is considering cutting more than
half its workforce after growth it anticipated did not occur
because of Covid-19 disruptions in the aviation sector.

The company, which had 32 staff earlier this year, is in
consultation with 14 of its workers about making them redundant and
has called for more voluntary redundancies from the remaining
staff.

According to the report, TracPlus chairman John O'Hara said he
expected a final decision, which he insisted had not yet been made,
to be announced next week.

ODT relates that Chief executive Trevor McIntyre said it was a
difficult proposal to have to put forward.

"It is very disappointing, it's sad. We've got a lot of great
people . . . you never do this stuff in business with any great
relish," the report quotes Mr. McIntyre as saying.  "But at the
same time we can only deal with what's in front of us unfortunately
and . . . our predominant market is aviation and that's been fairly
heavily hit."

Mr. O'Hara said that as a result of Covid-19 the company also
changed its business model to one that needed fewer permanent
staff, ODT relays.

Typically, TracPlus would build products and then try to sell them;
now it would get customers to commit to a purchase before building
it.

"This is a trend I've observed across the tech sector and not just
specific to TracPlus.

"We recently had some experience with bringing in outside
consultants . . . to help us with product build and that's been
successful."

TracPlus supplies first responders, firefighters and others, such
as those in the military and aviation sectors, with live tracking
technology and communication.

Growth the firm had anticipated in the aviation sector and based on
pre-Covid-19 feedback from customers had not happened, Mr. O'Hara
said.

"The problem we find ourselves in is that we had expanded our staff
significantly in the past year in expectation of growth that hasn't
eventuated."

While firefighting was experiencing growth because of the increase
in forest fires, the aviation sector had lost a lot of charter and
tourism business, Mr. O'Hara, as cited by ODT, said.

ODT relates that Mr. McIntyre said TracPlus had explored and used
support options such as the wage subsidy and help from New Zealand
Trade and Enterprise before deciding on the restructure proposal.

The company received an injection of $5 million in May from
technology investment firm Movac, which had been used to help craft
growth.

It also acquired a Waikato hardware company.

"That money was spent investing in a market that has not
materialised as fast as we expected it to," the report quotes Mr.
O'Hara as saying.

Two of the company's overseas offices would be affected by the job
cuts, but Mr. McIntyre would not identify which offices they were,
the report notes.

TracPlus Global Ltd's overseas bases -- predominantly sales
operations -- are in Chile, Australia, South Africa and the United
States.



=================
S I N G A P O R E
=================

HIN LEONG: Marine Fuels Unit's Bunkering Licenses Suspended
-----------------------------------------------------------
Manifold Times reports that the bunkering licenses of Ocean
Bunkering Services (OBS), the marine fuels business arm of troubled
Hin Leong Trading, has been suspended until further development,
according to a Maritime and Port Authority of Singapore (MPA)
spokesperson.

The representative was providing clarification to a query from
Manifold Times when asked if the bunkering licenses of OBS have
been permanently revoked.

"The Maritime and Port Authority of Singapore (MPA) has been
monitoring the development of Ocean Bunkering Services (OBS), an
affiliated company of Hin Leong Trading," the spokesperson told the
Singapore bunkering publication on October 23, Manifold Times
relays.

"Given that OBS has stopped its bunkering operations since April
this year and has not been able to fulfil its licensing commitment
to date, MPA has suspended their bunkering licences until further
notice.

"The Singapore bunkering sector is well diversified with 44 other
licensed bunker suppliers. MPA will continue to work with industry
stakeholders to ensure that Singapore's supply chain for oil
products and bunkering operations continues to function without any
disruptions."

According to Manifold Times, a check on the MPA website on Oct. 23
has found OBS still being listed within the port authority's List
of licensed bunker suppliers in the Port of Singapore and List of
licensed bunker craft operators in the Port of Singapore.

Manifold Times relates that PricewaterhouseCoopers in early October
published a notice in local papers for an "investment opportunity
in an independent bunker fuel and lubricant supplier in Singapore"
which is believed to be OBS.

The notice was issued by Goh Thien Phong and Chan Kheng Tek of PwC
who are also the judicial managers of the financially troubled Hin
Leong Trading, according to an earlier report cited by Manifold
Times.

                          About Hin Leong

Hin Leong Trading (Pte.) Ltd. provides petroleum products and
transportation services. The Company offers oil, lubricants,
grease, and diesel products, as well grants storage, terminalling,
trucking, and marine logistics services. Hin Leong Trading serves
customers globally.

Hin Leong Trading and shipping unit Ocean Tankers (Pte.) Ltd. filed
for court protection from creditors on April 17, 2020, as the
former struggles to repay debts of almost US$4 billion.

Hin Leong posted a positive equity of US$4.56 billion and net
profit of US$78 million in the period ended October 31, 2019,
according to the people, who asked not to be identified as the
matter is sensitive, Bloomberg News reported.

But Hin Leong told its creditors that total liabilities reached
US$4.05 billion as of early April, while assets were just US$714
million, leaving a hole of at least US$3.34 billion, according to
screenshots of the presentation to a group of bankers seen by
Bloomberg News.

The balance sheet of the company showed no equity at all as of
April 9, 2020, and warned that "figures obtained from the company
are subject to verification," Bloomberg News added.

On April 27, 2020, the Company was granted interim judicial
management by the Singapore High Court.  Goh Thien Phong and Chan
Kheng Tek of PricewaterhouseCoopers Advisory Services (PwC) have
been appointed as interim judicial managers. Ernst & Young (EY),
has been appointed interim judicial manager for Ocean Tankers.

HONTOP ENERGY: Creditors' Meeting Set for Nov. 5
------------------------------------------------
Manifold Times reports that RSM Corporate Advisory Pte Ltd, the
judicial managers of Hontop Energy Pte Ltd (Hontop), on Oct. 21
published a notice in the Government Gazette calling for a
creditors meeting.

An application was filed by CIMB Bank Singapore for Hontop to be
placed under judicial management in June as the bank looked to
recover US$105 million from Hontop and accused the company of
fraudulent conduct.

According to the report, the meeting for Hontop's creditors is to
be held electronically on Nov. 5, 2020, at 3:00 p.m.

The purpose of the meeting is (1) to update on the status of
Judicial Management; (2) approve the costs of the interim judicial
management and judicial management (including legal costs); and (3)
any other business.

To entitle creditors to vote at the meeting, creditors must lodge
their proxy and proof with the Judicial Managers no later than 4:00
p.m. on Nov. 4 if they have not done so already, adds Manifold
Times.

Hontop Energy (Singapore) Pte Ltd, a unit of China Wanda Group,
buys crude oil for the group's 100,000 barrels per day refinery in
Dongying, Shandong province, operated by Tianhong Chemicals Co Ltd.



===============
T H A I L A N D
===============

[*] THAILAND: Buyers of Distressed Assets Plan Big Purchases
------------------------------------------------------------
Reuters reports that a pandemic-exacerbated surge in Thai bad loans
to nine-year highs and the end of a debt payment holiday are
prompting buyers of distressed debt to embark on a shopping spree
in Southeast Asia's second-biggest economy.

About THB6.89 trillion ($221 billion) of outstanding Thai debt --
or 42% of total lending -- has been under relief programmes that
include payment deferment and reduction, interest rate reduction
and restructuring, Reuters says.

The most significant of these -- a government-mandated six month
debt payment holiday -- ended on Oct. 22.

According to Reuters, the Bank of Thailand has said it does not
expect sudden and large defaults, but its former chief Veerathai
Santiprabhob, whose term ended last month, warned in August bad
debt could jump as the economy slumped.

The country's biggest distressed debt manager, Bangkok Commercial
Asset Management, told Reuters it will spend THB12 billion to
acquire sour loans with a face value of about THB40 billion this
year.

"We will focus on buying debt this year and next," Reuters quotes
Bunyong Visatemongkolchai, the bank's executive board chairman as
saying, adding it planned to issue THB25 billion of bonds to fund
purchases.

Easy credit for consumers and businesses for years have prompted
many warnings about the dangers of the household debt malaise in
Thailand, the report says. Those are now proving prescient as the
pandemic batters businesses, leaving as many as three million
people without work.

Thai household debt is among Asia's highest, at 83.8% of GDP as of
June, the highest level since 2003, while the central bank predicts
the trade and tourism-dependent economy could shrink by a record
7.8% this year, according to Reuters.

Months of protests against the government and the monarchy could
further slow a recovery for the economy.

Thailand's non-performing loans amounted to THB509 billion as of
June, a nine-year high of 3.09% of total lending, versus 2.98% at
the end of 2019. Loans with a significant increase in credit risk
hit 7.48% of lending, up from 2.79% at the end of last year.

Banks prefer keeping distressed assets in house to avoid expensive
write-downs, but sometimes see no option but to sell, Reuters
notes.



===============
X X X X X X X X
===============

[*] BOND PRICING: For the Week Oct. 19, 2020 to Oct. 23, 2020
-------------------------------------------------------------
Issuer                 Coupon     Maturity    Currency    Price
------                 ------     --------    --------    -----


  AUSTRALIA
  ---------


ACN 113 874 712 PTY LTD     13.25    02/15/18    USD      0.13
ACN 113 874 712 PTY LTD     13.25    02/15/18    USD      0.13
CLEAN SEAS SEAFOOD LTD       8.00    11/18/22    AUD      1.06
CLIME CAPITAL LTD/FUND       6.25    11/30/21    AUD      0.98
PALADIN ENERGY LTD          10.00    02/01/23    USD     59.69
PALADIN ENERGY LTD          10.00    02/01/23    USD     59.69
VIRGIN AUSTRALIA HOLDIN      7.88    10/15/21    USD     10.03
VIRGIN AUSTRALIA HOLDIN      7.88    10/15/21    USD     10.03
VIRGIN AUSTRALIA HOLDIN      8.13    11/15/24    USD      6.62
VIRGIN AUSTRALIA HOLDIN      8.08    03/05/24    AUD      6.01
VIRGIN AUSTRALIA HOLDIN      8.25    05/30/23    AUD      5.90
VIRGIN AUSTRALIA HOLDIN      8.13    11/15/24    USD      4.94
VIRGIN AUSTRALIA HOLDIN      8.00    11/26/24    AUD      4.94


   CHINA
   -----

AKESU DISTRICT GREEN IN      4.09    03/11/23    CNY     60.00
AKESU DISTRICT GREEN IN      4.09    03/11/23    CNY     59.47
AKESU XINCHENG ASSET IN      6.40    04/20/22    CNY     40.24
AKESU XINCHENG ASSET IN      6.40    04/20/22    CNY     40.18
ALTAY PREFECTURE STATE-      4.85    01/22/23    CNY     60.70
ALTAY PREFECTURE STATE-      4.85    01/22/23    CNY     59.62
AN SHUN YU KUN REAL EST      5.48    11/10/21    CNY     69.59
ANHUI FOREIGN ECONOMIC       7.30    07/13/21    CNY     70.01
ANHUI JIANGNAN INDUSTRI      4.76    07/08/23    CNY     59.19
ANHUI JIANGNAN INDUSTRI      4.76    07/08/23    CNY     58.88
ANHUI PINGTIANHU INVEST      7.40    10/23/20    CNY     20.02
ANHUI PINGTIANHU INVEST      7.40    10/23/20    CNY     19.60
ANHUI PROVINCE TONGLING      7.30    05/13/21    CNY     27.18
ANHUI PROVINCE TONGLING      7.30    05/13/21    CNY     20.60
ANJI COUNTY STATE-OWNED      8.30    04/24/21    CNY     24.57
ANJI COUNTY STATE-OWNED      8.30    04/24/21    CNY     20.28
ANJI NORTHWEST DEVELOPM      5.90    07/18/23    CNY     60.00
ANJI NORTHWEST DEVELOPM      5.90    07/18/23    CNY     59.91
ANLU CONSTRUCTION DEVEL      5.45    06/15/23    CNY     60.51
ANLU CONSTRUCTION DEVEL      5.45    06/15/23    CNY     60.51
ANQING ECONOMIC&TECHNOL      4.09    03/09/23    CNY     60.10
ANQING ECONOMIC&TECHNOL      4.09    03/09/23    CNY     58.66
ANQING URBAN CONSTRUCTI      6.01    04/27/22    CNY     40.92
ANQING URBAN CONSTRUCTI      6.01    04/27/22    CNY     40.00
ANSHUN STATE-RUN ASSETS      4.48    07/18/23    CNY     58.40
ANSHUN STATE-RUN ASSETS      4.48    07/18/23    CNY     56.88
BAOJI HI-TECH INDUSTRIA      8.25    04/21/21    CNY     20.25
BAOJI HI-TECH INDUSTRIA      8.25    04/21/21    CNY     20.00
BAOTOU CITY SCIENCE EDU      6.48    03/25/22    CNY     45.50
BAOTOU CITY SCIENCE EDU      6.48    03/25/22    CNY     41.11
BAOYING CITY CONSTRUCTI      4.50    03/24/23    CNY     60.51
BAOYING CITY CONSTRUCTI      4.50    03/24/23    CNY     60.05
BAYAN ZHUOER HETAO WATE      8.54    03/31/22    CNY     30.94
BAZHONG STATE-OWNED ASS      5.13    12/02/22    CNY     60.00
BAZHONG STATE-OWNED ASS      5.13    12/02/22    CNY     59.14
BAZHONG STATE-OWNED ASS      8.50    04/25/21    CNY     20.44
BAZHONG STATE-OWNED ASS      8.50    04/25/21    CNY     20.35
BEIJING CAPITAL DEVELOP      6.50    02/27/21    CNY     20.22
BEIJING CAPITAL DEVELOP      7.19    01/15/21    CNY     20.17
BEIJING CAPITAL DEVELOP      7.19    01/15/21    CNY     20.00
BEIJING CHANGXIN CONSTR      6.74    04/22/21    CNY     20.37
BEIJING CHANGXIN CONSTR      6.74    04/22/21    CNY     20.34
BEIJING FUTURE SCIENCE       4.20    08/13/22    CNY     40.30
BEIJING FUTURE SCIENCE       4.20    08/13/22    CNY     40.27
BEIJING JINLIYUAN STATE      7.00    10/28/20    CNY     20.03
BEIJING JINLIYUAN STATE      7.00    10/28/20    CNY     20.00
BEIJING SHIJINGSHAN STA      6.08    08/18/21    CNY     23.87
BEIJING SHIJINGSHAN STA      6.08    08/18/21    CNY     20.40
BEIJING XINCHENG INFRAS      7.50    04/21/21    CNY     20.29
BEIJING XINCHENG INFRAS      7.50    04/21/21    CNY     20.20
BEIJING XINGZHAN INVEST      6.66    04/24/21    CNY     20.33
BEIJING XINGZHAN INVEST      6.66    04/24/21    CNY     20.32
BEIPIAO CITY CONSTRUCTI      6.70    03/25/23    CNY     61.58
BEIPIAO CITY CONSTRUCTI      6.70    03/25/23    CNY     55.11
BENGBU GAOXIN INVESTMEN      8.70    04/17/21    CNY     20.28
BENGBU GAOXIN INVESTMEN      8.70    04/17/21    CNY     20.00
BENXI URBAN CONSTRUCTIO      6.24    01/22/22    CNY     40.03
BENXI URBAN CONSTRUCTIO      6.24    01/22/22    CNY     40.00
BIJIE CONSTRUCTION INVE      6.50    01/28/22    CNY     45.65
BIJIE CONSTRUCTION INVE      6.50    01/28/22    CNY     40.43
BIJIE KAIYUAN CONSTRUCT      7.78    02/25/21    CNY     30.00
BIJIE KAIYUAN CONSTRUCT      7.78    02/25/21    CNY     20.11
BINZHOU HI-TECH DEVELOP      8.60    01/10/21    CNY     23.40
BINZHOU HI-TECH DEVELOP      8.60    01/10/21    CNY     20.13
BINZHOU ZHONGHAI VENTUR      6.65    04/13/22    CNY     40.29
BINZHOU ZHONGHAI VENTUR      6.65    04/13/22    CNY     40.00
BOHAI LEASING CO LTD         7.00    06/20/21    CNY     68.53
BORALA MONGOL AUTONOMOU      5.77    08/26/22    CNY     40.61
BORALA MONGOL AUTONOMOU      5.77    08/26/22    CNY     39.00
BOZHOU URBAN CONSTRUCTI      4.78    04/14/23    CNY     60.57
BOZHOU URBAN CONSTRUCTI      4.78    04/14/23    CNY     59.79
CANGNAN COUNTY STATE OW      5.58    11/11/22    CNY     68.00
CANGNAN COUNTY STATE OW      5.58    11/11/22    CNY     60.71
CEFC SHANGHAI INTERNATI      4.98    12/10/20    CNY     61.29
CEFC SHANGHAI INTERNATI      4.08    09/09/21    CNY     60.00
CHANG DE DING LI INDUST      4.30    03/10/23    CNY     60.11
CHANG DE DING LI INDUST      4.30    03/10/23    CNY     60.06
CHANGCHUN MODERN AGRICU      7.00    07/25/21    CNY     20.13
CHANGCHUN MODERN AGRICU      7.00    07/25/21    CNY     19.50
CHANGDE DE YUAN SHANTY       5.33    09/13/23    CNY     67.47
CHANGDE ECONOMIC CONSTR      7.00    03/24/21    CNY     20.29
CHANGDE ECONOMIC CONSTR      7.00    03/24/21    CNY     20.25
CHANGDE URBAN CONSTRUCT      3.59    01/12/23    CNY     60.00
CHANGDE URBAN CONSTRUCT      3.59    01/12/23    CNY     59.86
CHANGLE COUNTY NEWTOWN       5.18    12/16/22    CNY     62.03
CHANGLE COUNTY NEWTOWN       5.18    12/16/22    CNY     59.60
CHANGSHA COUNTY XINGCHE      7.90    03/25/22    CNY     41.61
CHANGSHA COUNTY XINGCHE      7.90    03/25/22    CNY     41.61
CHANGSHA ECONOMIC & TEC      8.45    04/13/22    CNY     30.70
CHANGSHA FURONG CITY DE      3.88    01/26/23    CNY     60.67
CHANGSHA FURONG CITY DE      3.88    01/26/23    CNY     60.14
CHANGSHA METRO GROUP CO      5.40    07/14/25    CNY     82.67
CHANGSHA METRO GROUP CO      5.97    04/03/25    CNY     73.39
CHANGSHA METRO GROUP CO      5.97    04/03/25    CNY     73.26
CHANGSHA METRO GROUP CO      5.40    07/14/25    CNY     70.00
CHANGSHA METRO GROUP CO      6.20    04/23/23    CNY     48.35
CHANGSHA METRO GROUP CO      6.20    04/23/23    CNY     46.21
CHANGSHA TIANXIN CITY C      4.20    11/06/22    CNY     60.10
CHANGSHA TIANXIN CITY C      4.20    11/06/22    CNY     59.96
CHANGSHA TIANXIN CITY C      3.43    08/08/23    CNY     59.83
CHANGSHA TIANXIN CITY C      3.43    08/08/23    CNY     59.09
CHANGSHA YUHUA JINGKAI       4.17    09/06/23    CNY     59.08
CHANGSHA YUHUA JINGKAI       4.17    09/06/23    CNY     58.90
CHANGSHA YUHUA URBAN CO      3.80    01/28/23    CNY     59.84
CHANGSHA YUHUA URBAN CO      7.17    04/18/21    CNY     24.00
CHANGSHA YUHUA URBAN CO      7.17    04/18/21    CNY     20.41
CHANGSHU BINJIANG URBAN      6.39    09/11/21    CNY     20.41
CHANGSHU BINJIANG URBAN      6.39    09/11/21    CNY     20.00
CHANGSHU DONGNAN ASSET       6.53    03/26/22    CNY     47.32
CHANGSHU DONGNAN ASSET       6.53    03/26/22    CNY     41.11
CHANGSHU TRANSPORTATION      7.00    04/29/21    CNY     27.00
CHANGSHU TRANSPORTATION      7.00    04/29/21    CNY     20.26
CHANGXING COMMUNICATION      7.88    04/30/21    CNY     30.30
CHANGXING COMMUNICATION      7.88    04/30/21    CNY     20.30
CHANGXING COMMUNICATION      6.75    06/16/21    CNY     20.20
CHANGXING COMMUNICATION      6.75    06/16/21    CNY     20.03
CHANGXING URBAN CONSTRU      6.00    12/03/21    CNY     40.26
CHANGXING URBAN CONSTRU      6.00    12/03/21    CNY     39.00
CHANGZHOU BINHU CONSTRU      8.04    12/12/20    CNY     20.30
CHANGZHOU BINHU CONSTRU      8.04    12/12/20    CNY     20.14
CHANGZHOU PUBLIC HOUSIN      6.64    07/02/21    CNY     20.11
CHANGZHOU PUBLIC HOUSIN      6.64    07/02/21    CNY     20.11
CHANGZHOU TIANNING CONS      6.48    02/12/22    CNY     40.81
CHANGZHOU TIANNING CONS      6.48    02/12/22    CNY     40.00
CHAOHU URBAN TOWN CONST      6.50    04/30/22    CNY     42.10
CHAOHU URBAN TOWN CONST      6.50    04/30/22    CNY     40.87
CHENGDU ECONOMIC & TECH      6.90    05/30/21    CNY     26.00
CHENGDU ECONOMIC & TECH      6.90    05/30/21    CNY     20.31
CHENGDU GARDEN WATER CI      6.15    05/03/23    CNY     60.22
CHENGDU GARDEN WATER CI      6.15    05/03/23    CNY     60.09
CHENGDU LONGBO INVESTME      8.10    04/24/21    CNY     20.30
CHENGDU LONGBO INVESTME      8.10    04/24/21    CNY     20.26
CHENGDU PIDU DISTRICT S      6.95    04/01/22    CNY     48.83
CHENGDU PIDU DISTRICT S      6.95    04/01/22    CNY     40.99
CHENGDU PIDU DISTRICT S      7.25    10/15/20    CNY     20.01
CHENGDU PIDU DISTRICT S      7.25    10/15/20    CNY     20.00
CHENGDU SHUZHOU CITY CO      6.58    05/26/22    CNY     40.97
CHENGDU SHUZHOU CITY CO      6.58    05/26/22    CNY     40.50
CHENGDU XINGCHENGJIAN I      6.00    03/20/22    CNY     40.80
CHENGDU XINGCHENGJIAN I      6.00    03/20/22    CNY     40.00
CHENGDU XINKAIYUAN URBA      5.29    04/27/23    CNY     59.85
CHENGDU XINKAIYUAN URBA      5.29    04/27/23    CNY     59.48
CHENGDU XINKAIYUAN URBA      7.43    08/12/21    CNY     21.00
CHENGDU XINKAIYUAN URBA      7.43    08/12/21    CNY     20.35
CHENGFA INVESTMENT GROU      6.87    04/30/21    CNY     21.37
CHENGFA INVESTMENT GROU      6.87    04/30/21    CNY     20.26
CHENZHOU BAIFU INVESTME      4.96    03/22/26    CNY     74.16
CHENZHOU BAIFU INVESTME      4.96    03/22/26    CNY     73.33
CHENZHOU BAIFU INVESTME      6.54    08/28/21    CNY     20.15
CHENZHOU BAIFU INVESTME      6.54    08/28/21    CNY     20.00
CHENZHOU FUCHENG HIGH T      4.73    01/22/23    CNY     60.22
CHENZHOU FUCHENG HIGH T      4.73    01/22/23    CNY     59.85
CHENZHOU INDUSTRY INVES      6.45    01/23/22    CNY     48.60
CHENZHOU INDUSTRY INVES      6.45    01/23/22    CNY     40.32
CHENZHOU XINTIAN INVEST      5.38    03/08/26    CNY     74.36
CHIBI LANTIAN URBAN CON      4.38    08/10/23    CNY     59.44
CHIBI LANTIAN URBAN CON      4.38    08/10/23    CNY     59.27
CHINA MINSHENG INVESTME      7.00    12/26/20    CNY     36.65
CHINA OCEANWIDE HOLDING      8.90    12/13/21    CNY     50.26
CHINA SECURITY CO LTD        4.45    11/11/19    CNY     31.00
CHINA YIXING ENVIRONMEN      4.08    09/14/23    CNY     59.77
CHINA YIXING ENVIRONMEN      4.08    09/14/23    CNY     59.76
CHINA YIXING ENVIRONMEN      7.10    10/18/20    CNY     20.40
CHINA YIXING ENVIRONMEN      7.10    10/18/20    CNY     20.01
CHONGQIN BAIYAN INVESTM      5.75    05/03/23    CNY     61.35
CHONGQIN BAIYAN INVESTM      5.75    05/03/23    CNY     60.17
CHONGQIN XINLIANG INVES      4.76    08/26/23    CNY     56.39
CHONGQIN XINLIANG INVES      4.76    08/26/23    CNY     56.33
CHONGQING BANAN ECONOMI      6.17    03/13/22    CNY     40.47
CHONGQING BANAN ECONOMI      7.00    08/20/21    CNY     21.10
CHONGQING BANAN ECONOMI      7.00    08/20/21    CNY     20.46
CHONGQING BAYUAN CONSTR      4.99    08/16/23    CNY     58.14
CHONGQING BEICHENG CONS      7.30    10/16/20    CNY     20.30
CHONGQING BEICHENG CONS      7.30    10/16/20    CNY     20.00
CHONGQING BISHAN DISTRI      4.93    03/29/23    CNY     61.87
CHONGQING BISHAN DISTRI      4.93    03/29/23    CNY     60.96
CHONGQING CHANGSHOU ECO      7.20    07/15/21    CNY     20.22
CHONGQING CHANGSHOU ECO      7.20    07/15/21    CNY     20.00
CHONGQING CHANGSHOU ECO      7.10    06/19/21    CNY     20.18
CHONGQING CHANGSHOU ECO      7.10    06/19/21    CNY     20.00
CHONGQING DAZU INDUSTRI      6.30    04/28/22    CNY     40.43
CHONGQING DAZU INDUSTRI      6.30    04/28/22    CNY     40.00
CHONGQING ECO&TECH DEVE      3.95    04/13/23    CNY     60.15
CHONGQING FULING DISTRI      7.89    03/20/21    CNY     27.33
CHONGQING FULING DISTRI      7.89    03/20/21    CNY     20.22
CHONGQING FULING TRAFFI      6.68    02/03/22    CNY     40.64
CHONGQING FULING TRAFFI      6.68    02/03/22    CNY     40.00
CHONGQING GAOXIN ZONE D      7.80    04/25/21    CNY     30.80
CHONGQING GAOXIN ZONE D      7.80    04/25/21    CNY     20.42
CHONGQING GARDENING IND      8.45    06/03/21    CNY     20.45
CHONGQING GARDENING IND      8.45    06/03/21    CNY     20.00
CHONGQING HAOJIANG CONS      8.05    03/06/21    CNY     20.20
CHONGQING HAOJIANG CONS      7.99    11/22/20    CNY     20.04
CHONGQING HAOJIANG CONS      8.05    03/06/21    CNY     20.00
CHONGQING HAOJIANG CONS      7.99    11/22/20    CNY     20.00
CHONGQING HECHUAN CITY       3.95    09/06/23    CNY     61.22
CHONGQING HECHUAN CITY       3.95    09/06/23    CNY     59.88
CHONGQING HECHUAN CITY       7.30    07/07/21    CNY     21.00
CHONGQING HECHUAN CITY       7.30    07/07/21    CNY     20.53
CHONGQING INTERNATIONAL      7.08    10/18/20    CNY     20.29
CHONGQING INTERNATIONAL      7.08    10/18/20    CNY     20.01
CHONGQING JIANGBEIZUI C      6.50    07/21/21    CNY     20.40
CHONGQING JIANGBEIZUI C      6.50    07/21/21    CNY     20.30
CHONGQING JINYUN ASSET       4.50    12/31/22    CNY     60.08
CHONGQING JINYUN ASSET       4.50    12/31/22    CNY     60.04
CHONGQING JIULONG HI-TE      6.60    08/19/21    CNY     20.46
CHONGQING JIULONG HI-TE      6.60    08/19/21    CNY     20.25
CHONGQING KAIQIAN INVES      4.64    03/21/23    CNY     58.90
CHONGQING KAIQIAN INVES      4.64    03/21/23    CNY     58.82
CHONGQING LAND PROPERTI      3.36    03/21/23    CNY     60.10
CHONGQING LAND PROPERTI      3.36    03/21/23    CNY     59.72
CHONGQING LIANGJIANG NE      3.60    04/19/21    CNY     40.60
CHONGQING LIANGJIANG NE      3.60    04/19/21    CNY     39.95
CHONGQING LIANGJIANG NE      3.10    08/05/21    CNY     39.93
CHONGQING LIANGJIANG NE      3.17    01/13/21    CNY     39.92
CHONGQING LIANGJIANG NE      3.17    01/13/21    CNY     39.90
CHONGQING LIANGJIANG NE      6.70    04/25/21    CNY     22.72
CHONGQING LIANGJIANG NE      5.88    09/16/21    CNY     20.38
CHONGQING LIANGJIANG NE      5.88    09/16/21    CNY     20.31
CHONGQING LIANGJIANG NE      6.70    04/25/21    CNY     20.31
CHONGQING MAIRUI URBAN       4.95    04/21/23    CNY     62.61
CHONGQING MAIRUI URBAN       4.95    04/21/23    CNY     61.67
CHONGQING NANCHUAN CITY      4.20    07/11/23    CNY     59.54
CHONGQING NANCHUAN CITY      4.20    07/11/23    CNY     58.31
CHONGQING QIANJIANG CIT      8.00    03/21/21    CNY     21.70
CHONGQING QIANJIANG CIT      8.00    03/21/21    CNY     20.18
CHONGQING QIJIANG EAST       4.00    09/05/23    CNY     58.13
CHONGQING QIJIANG EAST       4.00    09/05/23    CNY     58.05
CHONGQING SHUANGFU CONS      7.49    10/23/20    CNY     20.01
CHONGQING SHUANGFU CONS      7.49    10/23/20    CNY     20.00
CHONGQING SHUANGQIAO EC      5.99    11/19/21    CNY     46.25
CHONGQING SHUANGQIAO EC      5.99    11/19/21    CNY     40.14
CHONGQING TAX FREE PORT      7.50    04/24/21    CNY     21.70
CHONGQING TAX FREE PORT      7.50    04/24/21    CNY     20.32
CHONGQING TEA GARDEN IN      7.70    05/20/21    CNY     20.28
CHONGQING TONGLIANG JIN      6.59    04/08/22    CNY     40.81
CHONGQING TONGLIANG JIN      6.59    04/08/22    CNY     40.00
CHONGQING TONGNAN DISTR      4.99    12/31/22    CNY     60.00
CHONGQING TONGNAN DISTR      4.99    12/31/22    CNY     59.36
CHONGQING WANSHENG ECO       6.95    08/25/21    CNY     25.00
CHONGQING WANSHENG ECO       8.19    04/08/21    CNY     23.90
CHONGQING WANSHENG ECO       8.19    04/08/21    CNY     20.20
CHONGQING WANSHENG ECO       6.95    08/25/21    CNY     20.16
CHONGQING WANSHENG ECO       5.40    11/18/21    CNY     69.87
CHONGQING WANZHOU SANXI      4.95    08/25/22    CNY     40.80
CHONGQING WANZHOU SANXI      4.95    08/25/22    CNY     40.55
CHONGQING XINGRONG HOLD      4.86    03/31/23    CNY     59.30
CHONGQING XINGRONG HOLD      4.86    03/31/23    CNY     58.50
CHONGQING XIYONG MICRO-      6.58    07/25/21    CNY     22.33
CHONGQING XIYONG MICRO-      6.58    07/25/21    CNY     20.48
CHONGQING YONGCHUAN HUI      7.28    05/30/21    CNY     21.60
CHONGQING YONGCHUAN HUI      7.28    05/30/21    CNY     20.37
CHONGQING YUELAI INVEST      6.09    04/29/22    CNY     41.01
CHONGQING YUELAI INVEST      6.09    04/29/22    CNY     40.00
CHONGQING YUNAN ASSET M      7.05    06/17/21    CNY     20.76
CHONGQING YUNAN ASSET M      7.05    06/17/21    CNY     20.47
CHONGQING YUZHONG STATE      7.25    02/26/21    CNY     20.28
CHONGQING YUZHONG STATE      7.25    02/26/21    CNY     20.20
CHUN'AN XINANJIANG DEVE      6.10    03/11/22    CNY     44.55
CHUN'AN XINANJIANG DEVE      6.10    03/11/22    CNY     40.64
CHUZHOU CITY CONSTRUCTI      6.17    11/30/21    CNY     61.00
CHUZHOU CITY CONSTRUCTI      6.40    08/22/21    CNY     20.48
CITIC GUOAN GROUP CORP       4.49    03/08/21    CNY     18.25
CITIC GUOAN GROUP CORP       4.23    12/15/20    CNY     18.25
CITIC GUOAN GROUP CORP       5.80    12/15/19    CNY     18.25
CITIC GUOAN GROUP CORP       4.90    11/06/19    CNY     18.25
CIXI CITY CONSTRUCTION       6.18    08/18/21    CNY     28.80
CIXI CITY CONSTRUCTION       6.18    08/18/21    CNY     20.39
DAFANG COUNTY CONSTRUCT      6.00    09/26/23    CNY     58.42
DAFANG COUNTY CONSTRUCT      6.00    09/26/23    CNY     57.80
DALI ECONOMIC DEVELOPME      8.30    12/11/20    CNY     20.60
DALI ECONOMIC DEVELOPME      7.90    03/04/21    CNY     20.15
DALI ECONOMIC DEVELOPME      8.30    12/11/20    CNY     20.13
DALI ECONOMIC DEVELOPME      7.90    03/04/21    CNY     20.00
DALI HAIDONG DEVELOPMEN      6.01    01/25/23    CNY     61.47
DALI HAIDONG DEVELOPMEN      6.01    01/25/23    CNY     59.82
DALIAN PULANDIAN CONSTR      3.80    01/25/23    CNY     59.07
DALIAN RONGDA INVESTMEN      5.69    12/05/21    CNY     40.47
DALIAN RONGQIANG INVEST      7.92    04/14/21    CNY     20.22
DALIAN RONGQIANG INVEST      7.92    04/14/21    CNY     20.22
DALIAN RONGQIANG INVEST      8.60    01/20/21    CNY     20.16
DALIAN RONGQIANG INVEST      8.60    01/20/21    CNY     20.15
DALIAN SHITAI CITY CONS      4.50    02/01/23    CNY     55.85
DALIAN SHITAI CITY CONS      4.50    02/01/23    CNY     54.87
DALIAN SHITAI CITY CONS      7.09    02/20/21    CNY     19.79
DANDONG PORT GROUP CO L      5.50    01/27/21    CNY     59.00
DANGTU COUNTY CONSTRUCT      5.38    08/10/22    CNY     40.75
DANGTU COUNTY CONSTRUCT      5.38    08/10/22    CNY     40.59
DANGYANG XINYUAN INVEST      4.97    03/29/23    CNY     60.54
DANGYANG XINYUAN INVEST      4.97    03/29/23    CNY     60.08
DANGYANG XINYUAN INVEST      7.99    05/23/21    CNY     20.00
DANYANG HI-TECH INDUSTR      6.40    04/24/22    CNY     40.18
DANYANG HI-TECH INDUSTR      6.40    04/24/22    CNY     40.00
DANYANG INVESTMENT GROU      3.99    01/25/23    CNY     59.51
DANYANG INVESTMENT GROU      6.90    10/23/20    CNY     20.16
DANYANG INVESTMENT GROU      6.90    10/23/20    CNY     20.02
DATONG ECONOMIC CONSTRU      4.49    10/22/22    CNY     60.41
DATONG ECONOMIC CONSTRU      4.49    10/22/22    CNY     60.30
DAWA COUNTY CITY CONSTR      6.29    06/12/22    CNY     39.30
DAWA COUNTY CITY CONSTR      6.29    06/12/22    CNY     39.14
DAYE ZHENHENG CITY DEVE      4.50    03/28/23    CNY     58.93
DAYE ZHENHENG CITY DEVE      4.50    03/28/23    CNY     58.92
DAYE ZHENHENG CITY DEVE      4.05    08/31/23    CNY     58.44
DAYE ZHENHENG CITY DEVE      4.05    08/31/23    CNY     58.17
DAYE ZHENHENG CITY DEVE      7.30    03/03/21    CNY     23.53
DAYE ZHENHENG CITY DEVE      7.30    03/03/21    CNY     20.20
DAYE ZHENHENG CITY DEVE      7.95    11/27/20    CNY     20.15
DAYE ZHENHENG CITY DEVE      7.95    11/27/20    CNY     20.08
DAZHOU DEVELOPMENT HOLD      5.10    11/27/22    CNY     60.52
DAZHOU DEVELOPMENT HOLD      5.10    11/27/22    CNY     60.00
DAZHOU DEVELOPMENT HOLD      6.55    01/14/22    CNY     40.76
DAZHOU DEVELOPMENT HOLD      6.55    01/14/22    CNY     40.00
DEHONGZHOU HONGKANG INV      6.68    01/23/22    CNY     40.19
DEHONGZHOU HONGKANG INV      6.68    01/23/22    CNY     40.19
DEXING INVESTMENT HOLDI      5.99    03/21/23    CNY     60.58
DEXING INVESTMENT HOLDI      5.99    03/21/23    CNY     60.42
DEYANG ECONOMIC DEVELOP      7.90    04/28/21    CNY     28.26
DEYANG ECONOMIC DEVELOP      7.90    04/28/21    CNY     20.22
DONGLING GROUP INC CO        8.00    07/14/22    CNY     40.99
DONGLING GROUP INC CO        8.00    07/14/22    CNY     40.00
DONGTAI UBAN CONSTRUCTI      7.58    04/23/21    CNY     28.48
DONGTAI UBAN CONSTRUCTI      7.58    04/23/21    CNY     20.38
DONGTAI UBAN CONSTRUCTI      8.65    01/13/21    CNY     20.19
DONGYING CITY URBAN ASS      5.57    03/31/22    CNY     41.58
DONGYING CITY URBAN ASS      5.57    03/31/22    CNY     40.49
DONGZHI COUNTY CITY OPE      4.88    06/20/23    CNY     60.41
DONGZHI COUNTY CITY OPE      4.88    06/20/23    CNY     60.05
DUJIANGYAN XINGYAN INVE      6.10    03/12/22    CNY     40.00
DUJIANGYAN XINGYAN INVE      6.10    03/12/22    CNY     38.92
DUNYUN STATE-OWNED ASSE      6.60    12/28/22    CNY     59.16
EASTAR HOLDINGS GROUP C      7.30    10/31/20    CNY     63.00
ENSHI URBAN CONSTRUCTIO      7.50    06/03/21    CNY     27.54
ENSHI URBAN CONSTRUCTIO      7.50    06/03/21    CNY     20.42
EZHOU CITY CONSTRUCTION      7.76    05/15/21    CNY     26.50
EZHOU CITY CONSTRUCTION      6.68    09/19/21    CNY     21.00
EZHOU CITY CONSTRUCTION      6.68    09/19/21    CNY     20.57
EZHOU CITY CONSTRUCTION      7.76    05/15/21    CNY     20.52
FANGCHENGGANG GANGFA HO      8.09    04/16/21    CNY     20.50
FANGCHENGGANG GANGFA HO      8.09    04/16/21    CNY     20.32
FEICHENG CITY ASSETS MA      4.04    03/23/23    CNY     59.83
FEICHENG CITY ASSETS MA      4.04    03/23/23    CNY     59.26
FEIXI COUNTY URBAN & RU      4.45    06/03/23    CNY     61.24
FEIXI COUNTY URBAN & RU      4.45    06/03/23    CNY     59.89
FENG COUNTY ECONOMIC DE      5.18    06/21/23    CNY     59.29
FENG COUNTY ECONOMIC DE      5.18    06/21/23    CNY     58.83
FENGCHENG CITY CONSTRUC      6.49    02/10/22    CNY     44.49
FENGCHENG CITY CONSTRUC      6.49    02/10/22    CNY     40.66
FENGCHENG CITY MODERN I      5.76    12/17/22    CNY     60.00
FENGCHENG CITY MODERN I      5.76    12/17/22    CNY     59.85
FENGXIAN URBAN INVESTME      6.48    03/20/22    CNY     40.42
FENGXIAN URBAN INVESTME      6.48    03/20/22    CNY     40.00
FENGXIAN URBAN INVESTME      4.23    07/13/21    CNY     19.79
FENGXIAN URBAN INVESTME      4.23    07/13/21    CNY     19.75
FENYI CITY CONSTRUCTION      4.54    08/22/23    CNY     78.52
FENYI CITY CONSTRUCTION      4.54    08/22/23    CNY     58.59
FUGU COUNTY STATE-OWNED      8.69    12/16/20    CNY     20.11
FUGU COUNTY STATE-OWNED      8.69    12/16/20    CNY     20.01
FUGUINIAO CO LTD             6.30    04/22/20    CNY     13.00
FUJIAN JINJIANG INDUSTR      7.08    06/27/21    CNY     20.65
FUJIAN JINJIANG INDUSTR      7.08    06/27/21    CNY     20.39
FUJIAN JINJIANG URBAN C      3.35    08/24/23    CNY     59.60
FUJIAN PROVINCE LIANJIA      6.29    04/30/22    CNY     40.93
FUJIAN PROVINCE LIANJIA      6.29    04/30/22    CNY     40.00
FUJIAN ZHANGLONG GROUP       4.99    08/07/22    CNY     40.53
FUJIAN ZHANGLONG GROUP       4.99    08/07/22    CNY     40.00
FUNING URBAN INVESTMENT      7.19    08/15/21    CNY     21.15
FUNING URBAN INVESTMENT      7.19    08/15/21    CNY     20.43
FUQING CITY STATE-OWNED      5.94    11/26/22    CNY     56.19
FUQING CITY STATE-OWNED      6.66    03/01/21    CNY     25.09
FUXIN INFRASTRUCTURE CO      6.18    03/18/22    CNY     40.39
FUXIN INFRASTRUCTURE CO      6.18    03/18/22    CNY     40.04
FUZHOU CHANGLE DISTRICT      4.50    04/11/23    CNY     59.38
FUZHOU CHANGLE DISTRICT      4.50    04/11/23    CNY     58.79
FUZHOU DEVELOPMENT ZONE      3.53    08/25/23    CNY     59.61
FUZHOU LINCHUAN URBAN C      5.68    07/05/23    CNY     60.91
FUZHOU LINCHUAN URBAN C      5.68    07/05/23    CNY     60.74
FUZHOU URBAN AND RURAL       4.89    07/08/22    CNY     40.68
FUZHOU URBAN AND RURAL       5.48    01/26/22    CNY     40.60
FUZHOU URBAN AND RURAL       4.89    07/08/22    CNY     40.55
FUZHOU URBAN AND RURAL       5.48    01/26/22    CNY     40.00
GANSU PROVINCIAL HIGHWA      6.58    09/24/22    CNY     72.89
GANZHOU CITY DEVELOPMEN      5.50    06/16/22    CNY     40.93
GANZHOU CITY DEVELOPMEN      5.50    06/16/22    CNY     40.00
GANZHOU DEVELOPMENT ZON      7.43    02/19/21    CNY     20.21
GANZHOU DEVELOPMENT ZON      7.43    02/19/21    CNY     19.00
GAOMI STATE-OWNED ASSET      4.69    01/26/23    CNY     60.49
GAOMI STATE-OWNED ASSET      4.69    01/26/23    CNY     59.88
GAOYOU CITY CONSTRUCTIO      5.48    09/15/22    CNY     40.75
GAOYOU CITY CONSTRUCTIO      5.48    09/15/22    CNY     40.00
GAOYOU CITY ECONOMY DEV      3.65    09/02/23    CNY     60.00
GAOYOU CITY ECONOMY DEV      3.65    09/02/23    CNY     59.79
GOLMUD INVESTMENT HOLDI      8.70    12/30/20    CNY     20.13
GOLMUD INVESTMENT HOLDI      8.70    12/30/20    CNY     20.00
GONG'AN COUNTY CITY CON      4.30    08/30/23    CNY     59.31
GONG'AN COUNTY CITY CON      4.30    08/30/23    CNY     59.04
GONGQINGCHENG FINANCIAL      5.85    03/25/23    CNY     60.77
GONGQINGCHENG FINANCIAL      5.85    03/25/23    CNY     59.70
GOOCOO INVESTMENT CO LT      8.00    02/01/21    CNY     50.00
GUANGAN DEVELOPMENT AND      6.39    03/24/22    CNY     44.00
GUANGAN DEVELOPMENT AND      6.39    03/24/22    CNY     40.84
GUANGAN ECONOMIC & TECH      5.16    04/14/23    CNY     59.55
GUANGAN ECONOMIC & TECH      5.16    04/14/23    CNY     59.31
GUANGAN ECONOMIC & TECH      7.10    09/22/21    CNY     20.23
GUANGAN ECONOMIC & TECH      7.10    09/22/21    CNY     20.22
GUANGDONG HUIZHOU COMMU      4.16    05/17/23    CNY     60.31
GUANGDONG HUIZHOU COMMU      4.16    05/17/23    CNY     59.98
GUANGRAO COUNTY ECONOMI      3.61    09/08/23    CNY     60.00
GUANGRAO COUNTY ECONOMI      3.61    09/08/23    CNY     59.19
GUANGXI BAISE DEVELOPME      7.27    06/20/21    CNY     20.17
GUANGXI BAISE DEVELOPME      7.27    06/20/21    CNY     20.00
GUANGXI LAIBIN INDUSTRI      5.97    11/26/21    CNY     40.14
GUANGXI LAIBIN INDUSTRI      5.97    11/26/21    CNY     40.00
GUANGXI LIUZHOU DONGCHE      7.40    10/29/20    CNY     21.00
GUANGXI LIUZHOU DONGCHE      7.40    10/29/20    CNY     20.03
GUANGXI QINZHOU LINHAI       7.68    02/20/21    CNY     24.77
GUANGXI QINZHOU LINHAI       7.68    02/20/21    CNY     20.16
GUANGXI URBAN CONSTRUCT      7.59    04/14/21    CNY     23.00
GUANGXI URBAN CONSTRUCT      7.59    04/14/21    CNY     20.29
GUANGYUAN INVESTMENT HO      7.30    04/22/21    CNY     21.15
GUANGYUAN INVESTMENT HO      7.30    04/22/21    CNY     20.29
GUANGYUAN YUANQU CONSTR      4.48    03/10/23    CNY     58.67
GUANGYUAN YUANQU CONSTR      4.48    03/10/23    CNY     58.63
GUANGYUAN YUANQU CONSTR      8.35    08/26/21    CNY     27.00
GUANGYUAN YUANQU CONSTR      8.35    08/26/21    CNY     20.68
GUANGZHOU HUANTOU NANSH      6.38    11/18/24    CNY     73.82
GUANGZHOU HUANTOU NANSH      6.38    11/18/24    CNY     73.28
GUANGZHOU METRO GROUP C      6.45    04/02/24    CNY     62.53
GUANGZHOU METRO GROUP C      6.05    06/03/24    CNY     62.11
GUANGZHOU METRO GROUP C      6.45    04/02/24    CNY     60.00
GUILIN CITY INVESTMENT       6.90    06/13/21    CNY     20.27
GUILIN CITY INVESTMENT       6.90    06/13/21    CNY     20.00
GUILIN ECONOMIC CONSTRU      5.60    04/22/22    CNY     40.63
GUILIN ECONOMIC CONSTRU      5.60    04/22/22    CNY     40.00
GUIRENNIAO CO LTD            7.00    12/03/19    CNY     49.50
GUIXI CITY CONSTRUCTION      4.18    08/18/23    CNY     58.25
GUIXI CITY CONSTRUCTION      4.18    08/18/23    CNY     58.22
GUIYANG BAIYUN CITY CON      4.75    09/13/26    CNY     74.95
GUIYANG BAIYUN CITY CON      4.75    09/13/26    CNY     73.60
GUIYANG BAIYUN INDUSTRY      7.30    03/27/22    CNY     45.00
GUIYANG BAIYUN INDUSTRY      7.30    03/27/22    CNY     40.31
GUIYANG GUANSHANHU DIST      4.87    01/28/23    CNY     59.82
GUIYANG GUANSHANHU DIST      4.87    01/28/23    CNY     59.21
GUIYANG GUANSHANHU DIST      4.48    03/09/23    CNY     59.07
GUIYANG GUANSHANHU DIST      4.48    03/09/23    CNY     58.81
GUIYANG URBAN CONSTRUCT      5.23    12/02/22    CNY     60.25
GUIYANG URBAN CONSTRUCT      5.23    12/02/22    CNY     60.00
GUIZHOU EAST LAKE CITY       5.18    01/06/23    CNY     60.62
GUIZHOU EAST LAKE CITY       5.18    01/06/23    CNY     58.34
GUIZHOU FANJINGSHAN INV      6.95    01/28/22    CNY     40.48
GUIZHOU FANJINGSHAN INV      6.95    01/28/22    CNY     40.00
GUIZHOU GUIAN CONSTRUCT      4.17    10/28/22    CNY     61.00
GUIZHOU GUIAN CONSTRUCT      4.17    10/28/22    CNY     60.22
GUIZHOU GUILONG INDUSTR      7.80    04/28/22    CNY     50.97
GUIZHOU GUILONG INDUSTR      7.80    04/28/22    CNY     50.03
GUIZHOU HONGCAI INVESTM      6.00    06/07/23    CNY     49.02
GUIZHOU HONGCAI INVESTM      6.00    06/07/23    CNY     48.66
GUIZHOU RAILWAY INVESTM      7.50    04/23/24    CNY     63.06
GUIZHOU RAILWAY INVESTM      7.50    04/23/24    CNY     63.05
GUIZHOU RAILWAY INVESTM      7.20    03/27/22    CNY     41.16
GUIZHOU RAILWAY INVESTM      7.20    03/27/22    CNY     41.05
GUIZHOU SHUICHENG CITY       4.98    11/22/23    CNY     74.16
GUIZHOU SHUICHENG CITY       4.98    11/22/23    CNY     73.94
GULIN STATE-OWNED ASSET      4.18    08/04/23    CNY     59.96
GULIN STATE-OWNED ASSET      4.18    08/04/23    CNY     58.69
HAIAN COUNTY DEVELOPMEN      5.45    04/13/23    CNY     59.81
HAIAN COUNTY DEVELOPMEN      5.45    04/13/23    CNY     59.38
HAIAN URBAN DEMOLITION       5.08    11/27/22    CNY     60.90
HAIAN URBAN DEMOLITION       5.08    11/27/22    CNY     60.88
HAICHENG URBAN JINCAI L      5.37    08/10/23    CNY     59.52
HAICHENG URBAN JINCAI L      5.37    08/10/23    CNY     59.05
HAICHENG URBAN JINCAI L      8.17    04/16/21    CNY     20.21
HAICHENG URBAN JINCAI L      8.56    12/19/20    CNY     20.09
HAIFENG MARINE INFRASTR      6.84    04/29/22    CNY     40.45
HAIKOU MEILAN INTERNATI      5.25    09/06/19    USD     52.87
HAIMEN CITY DEVELOPMENT      6.22    04/03/22    CNY     42.20
HAIMEN CITY DEVELOPMENT      6.22    04/03/22    CNY     40.95
HAINING CITY DEVELOPMEN      5.58    10/22/21    CNY     40.49
HAINING CITY JIANSHAN D      6.90    11/04/20    CNY     21.42
HAINING CITY JIANSHAN D      6.90    11/04/20    CNY     20.04
HAIXI STATE-OWNED CAPIT      8.60    01/02/21    CNY     20.30
HAIXI STATE-OWNED CAPIT      8.60    01/02/21    CNY     20.10
HAMI JIANHUI STATE-OWNE      3.90    09/21/23    CNY     59.10
HAMI JIANHUI STATE-OWNE      3.90    09/21/23    CNY     57.84
HANCHUAN CITY HANRONG I      4.25    07/18/23    CNY     59.33
HANCHUAN CITY HANRONG I      4.25    07/18/23    CNY     59.11
HANDAN CONSTRUCTION & I      5.48    05/27/22    CNY     47.20
HANDAN CONSTRUCTION & I      5.48    05/27/22    CNY     40.39
HANGZHOU CITY CONSTRUCT      3.80    03/14/23    CNY     60.01
HANGZHOU CITY CONSTRUCT      3.80    03/14/23    CNY     60.00
HANGZHOU FUYANG CITY CO      7.20    03/19/21    CNY     20.30
HANGZHOU FUYANG CITY CO      7.20    03/19/21    CNY     20.28
HANGZHOU FUYANG DEVELOP      4.76    01/27/23    CNY     59.62
HANGZHOU FUYANG DEVELOP      4.76    01/27/23    CNY     59.12
HANGZHOU FUYANG DEVELOP      7.70    04/28/21    CNY     29.00
HANGZHOU FUYANG DEVELOP      7.70    04/28/21    CNY     20.33
HANGZHOU GONGSHU DISTRI      6.90    07/21/21    CNY     20.46
HANGZHOU GONGSHU DISTRI      6.90    07/21/21    CNY     20.40
HANGZHOU METRO GROUP CO      5.97    09/17/24    CNY     72.77
HANGZHOU METRO GROUP CO      5.97    09/17/24    CNY     62.98
HANGZHOU WEST LAKE INVE      4.30    04/25/23    CNY     60.28
HANGZHOU WEST LAKE INVE      4.30    04/25/23    CNY     59.96
HANGZHOU XIAOSHAN ECO&T      6.90    05/13/21    CNY     20.29
HANGZHOU XIAOSHAN QIANJ      4.00    03/22/23    CNY     60.27
HANGZHOU XIAOSHAN QIANJ      4.00    03/22/23    CNY     60.07
HANGZHOU YUHANG CITY CO      7.00    03/03/21    CNY     20.20
HANGZHOU YUHANG ECONOMI      7.45    03/03/21    CNY     20.75
HANGZHOU YUHANG ECONOMI      7.45    03/03/21    CNY     20.34
HANGZHOU YUHANG TRANSPO      7.19    04/18/21    CNY     21.85
HANGZHOU YUHANG TRANSPO      7.19    04/18/21    CNY     20.29
HANJIANG STATE-OWNED-AS      7.30    11/11/20    CNY     26.60
HANJIANG STATE-OWNED-AS      7.30    11/11/20    CNY     20.05
HAWTAI MOTOR GROUP LTD       6.10    10/26/21    CNY     74.00
HAWTAI MOTOR GROUP LTD       7.20    04/14/21    CNY     60.00
HEBEI ZHONGYUE CITY CON      4.10    11/16/21    CNY     60.04
HEBEI ZHONGYUE CITY CON      4.10    11/16/21    CNY     59.75
HEBI INVESTMENTS GROUP       7.88    08/01/21    CNY     20.99
HEBI INVESTMENTS GROUP       7.88    08/01/21    CNY     20.62
HECHI CITY CONSTRUCTION      5.58    11/13/22    CNY     62.42
HECHI CITY CONSTRUCTION      5.58    11/13/22    CNY     60.18
HEFEI CONSTRUCTION INVE      7.20    04/29/24    CNY     63.79
HEFEI XINCHENG STATE-OW      4.13    07/15/23    CNY     59.82
HEFEI XINCHENG STATE-OW      4.13    07/15/23    CNY     59.30
HEILONGJIANG HECHENG CO      5.60    11/11/21    CNY     40.01
HEILONGJIANG HECHENG CO      7.05    06/21/22    CNY     30.40
HEILONGJIANG POST-DISAS      7.10    11/19/20    CNY     25.07
HEILONGJIANG POST-DISAS      7.10    11/19/20    CNY     18.55
HEILONGJIANG POST-DISAS      7.06    11/20/20    CNY      6.81
HEILONGJIANG POST-DISAS      7.06    11/20/20    CNY      6.78
HEISHAN TONGHE ASSET MA      6.79    09/18/22    CNY     39.64
HEISHAN TONGHE ASSET MA      6.79    09/18/22    CNY     39.28
HENGYANG BAISHAZHOU DEV      6.87    08/22/21    CNY     24.50
HENGYANG BAISHAZHOU DEV      6.87    08/22/21    CNY     20.05
HENGYANG COMMUNICATION       4.28    01/21/23    CNY     60.02
HENGYANG COMMUNICATION       4.28    01/21/23    CNY     60.00
HENGYANG XIANGJIANG WAT      7.40    04/23/21    CNY     21.10
HENGYANG XIANGJIANG WAT      7.40    04/23/21    CNY     20.21
HESHAN PUBLIC ASSET MAN      4.08    09/28/23    CNY     58.81
HESHAN PUBLIC ASSET MAN      4.08    09/28/23    CNY     58.06
HETIAN YUXIN STATE-OWNE      4.65    03/28/23    CNY     59.85
HETIAN YUXIN STATE-OWNE      4.65    03/28/23    CNY     59.40
HEYUAN CITY RUNYE INVES      6.20    12/03/21    CNY     45.88
HEYUAN CITY RUNYE INVES      6.20    12/03/21    CNY     40.61
HEZE INVESTMENT DEVELOP      7.14    03/24/21    CNY     20.95
HEZE INVESTMENT DEVELOP      7.14    03/24/21    CNY     20.27
HEZHOU URBAN CONSTRUCTI      8.16    05/16/21    CNY     20.80
HEZHOU URBAN CONSTRUCTI      8.16    05/16/21    CNY     20.39
HNA GROUP CO LTD             7.10    04/15/20    CNY     70.00
HNA GROUP CO LTD             5.99    11/27/22    CNY     29.10
HUACHEN AUTOMOTIVE GROU      6.30    09/14/23    CNY     68.23
HUACHEN AUTOMOTIVE GROU      5.80    06/17/24    CNY     60.78
HUACHEN AUTOMOTIVE GROU      5.80    11/05/23    CNY     59.80
HUACHEN AUTOMOTIVE GROU      6.30    09/14/23    CNY     56.93
HUACHEN AUTOMOTIVE GROU      5.40    09/14/23    CNY     55.80
HUACHEN AUTOMOTIVE GROU      5.80    03/20/24    CNY     54.80
HUACHEN ENERGY CO LTD        6.63    05/18/20    USD     35.57
HUAIAN CITY HUAIAN DIST      4.63    05/03/23    CNY     64.10
HUAIAN CITY HUAIAN DIST      4.63    05/03/23    CNY     60.17
HUAIAN CITY URBAN ASSET      5.70    04/23/22    CNY     41.54
HUAIAN CITY URBAN ASSET      5.70    04/23/22    CNY     40.76
HUAIAN CITY XUYI URBAN       5.10    04/15/23    CNY     59.90
HUAIAN CITY XUYI URBAN       5.10    04/15/23    CNY     59.20
HUAI'AN DEVELOPMENT HOL      7.30    03/10/21    CNY     27.84
HUAI'AN DEVELOPMENT HOL      7.30    03/10/21    CNY     20.24
HUAIAN HONGRI TRANSPORT      5.09    04/20/23    CNY     59.27
HUAIAN HONGRI TRANSPORT      5.09    04/20/23    CNY     58.56
HUAIAN HONGZE DISTRICT       4.37    07/18/23    CNY     58.85
HUAIAN HONGZE DISTRICT       4.37    07/18/23    CNY     58.44
HUAI'AN NEW CITY INVEST      6.95    07/28/21    CNY     27.50
HUAI'AN NEW CITY INVEST      6.95    07/28/21    CNY     20.40
HUAI'AN NEW CITY INVEST      7.45    03/04/21    CNY     20.21
HUAI'AN NEW CITY INVEST      7.45    03/04/21    CNY     20.00
HUAIHUA CITY CONSTRUCTI      4.18    08/31/23    CNY     58.67
HUAIHUA CITY CONSTRUCTI      4.18    08/31/23    CNY     58.64
HUAIHUA CITY INDUSTRIAL      7.70    10/29/20    CNY     20.04
HUAIHUA ECONOMIC DEVELO      6.80    03/26/22    CNY     40.08
HUAIHUA ECONOMIC DEVELO      6.80    03/26/22    CNY     40.00
HUAIHUA TRANSPORTATION       4.96    04/12/23    CNY     59.99
HUAIHUA TRANSPORTATION       4.96    04/12/23    CNY     59.19
HUAINAN URBAN CONSTRUCT      6.79    07/09/21    CNY     21.65
HUAINAN URBAN CONSTRUCT      6.79    07/09/21    CNY     20.43
HUANGGANG CITY CONSTRUC      4.08    01/18/23    CNY     60.21
HUANGGANG CITY CONSTRUC      7.45    03/04/21    CNY     20.30
HUANGGANG CITY CONSTRUC      8.60    12/25/20    CNY     20.27
HUANGGANG CITY CONSTRUC      7.45    03/04/21    CNY     20.23
HUANGSHAN CHENGTOU GROU      5.95    05/06/22    CNY     40.82
HUANGSHAN CHENGTOU GROU      5.95    05/06/22    CNY     40.65
HUANGSHI CIHU HIGH-TECH      4.50    06/08/23    CNY     63.00
HUANGSHI CIHU HIGH-TECH      4.50    06/08/23    CNY     60.20
HUANGSHI CIHU HIGH-TECH      4.97    06/08/23    CNY     60.17
HUANGSHI CIHU HIGH-TECH      4.97    06/08/23    CNY     60.14
HUANGSHI CIHU HIGH-TECH      9.30    01/21/21    CNY     20.25
HUANGSHI CIHU HIGH-TECH      8.70    12/05/20    CNY     20.09
HUANGSHI URBAN CONSTRUC      5.99    04/29/22    CNY     40.87
HUANGSHI URBAN CONSTRUC      5.99    04/29/22    CNY     40.80
HUAWEN MEDIA GROUP           6.00    04/04/21    CNY     66.43
HUBEI PROVINCE CHANGJIA      6.15    04/03/22    CNY     42.40
HUBEI PROVINCE CHANGJIA      6.15    04/03/22    CNY     40.86
HUBEI SUPPLY AND MARKET      6.70    08/23/24    CNY     74.35
HULUDAO INVESTMENT GROU      7.50    10/18/23    CNY     61.60
HULUDAO INVESTMENT GROU      7.05    10/18/20    CNY     20.04
HULUDAO INVESTMENT GROU      7.05    10/18/20    CNY     20.01
HULUNBEIER INVESTMENT C      6.31    04/30/22    CNY     40.42
HULUNBEIER INVESTMENT C      6.31    04/30/22    CNY     40.00
HUNAN CHANGDE DEYUAN IN      6.50    06/16/21    CNY     22.25
HUNAN CHANGDE DEYUAN IN      6.50    06/16/21    CNY     20.33
HUNAN CHENGLINGJI HARBO      4.24    07/21/23    CNY     59.32
HUNAN CHENGLINGJI HARBO      4.24    07/21/23    CNY     58.24
HUNAN CHUZHISHENG HOLDI      5.60    12/18/22    CNY     60.93
HUNAN CHUZHISHENG HOLDI      5.60    12/18/22    CNY     60.34
HUNAN JINYANG INVESTMEN      4.37    01/19/23    CNY     60.03
HUNAN JINYANG INVESTMEN      4.37    01/19/23    CNY     59.65
HUNAN JINYANG INVESTMEN      4.39    04/06/23    CNY     59.59
HUNAN JINYANG INVESTMEN      4.39    04/06/23    CNY     58.72
HUNAN JINYANG INVESTMEN      5.70    11/27/21    CNY     39.42
HUNAN JINYANG INVESTMEN      5.70    11/27/21    CNY     38.60
HUNAN LOUDI ECONOMIC &       4.89    03/30/23    CNY     57.83
HUNAN LOUDI ECONOMIC &       4.89    03/30/23    CNY     56.93
HUNAN LOUDI ECONOMIC &       6.36    03/13/22    CNY     47.00
HUNAN LOUDI ECONOMIC &       6.36    03/13/22    CNY     38.70
HUNAN PROVINCIAL RAILWA      6.09    04/30/25    CNY     72.88
HUNAN PROVINCIAL RAILWA      6.09    04/30/25    CNY     70.00
HUNAN SHAODONG ECO-INDU      6.50    01/11/23    CNY     61.73
HUNAN SHAODONG ECO-INDU      6.50    01/11/23    CNY     59.31
HUNAN TIER GROUP CO LTD      4.20    03/17/23    CNY     58.47
HUNAN TIER GROUP CO LTD      4.20    03/17/23    CNY     58.45
HUNAN TIER GROUP CO LTD      8.00    12/23/20    CNY     22.72
HUNAN TIER GROUP CO LTD      7.10    03/03/21    CNY     20.30
HUNAN TIER GROUP CO LTD      7.10    03/03/21    CNY     20.23
HUNAN TIER GROUP CO LTD      8.00    12/23/20    CNY     20.16
HUNAN XIANGJIANG NEW AR      7.36    03/17/21    CNY     20.33
HUNAN XIANGJIANG NEW AR      7.36    03/17/21    CNY     20.00
HUNAN YOUZHOU INVESTMEN      4.80    07/07/23    CNY     59.92
HUNAN YOUZHOU INVESTMEN      4.80    07/07/23    CNY     59.91
HUZHOU URBAN CONSTRUCTI      6.48    08/28/21    CNY     22.38
HUZHOU URBAN CONSTRUCTI      6.48    08/28/21    CNY     20.20
HUZHOU WUXING NANTAIHU       8.79    01/16/21    CNY     20.29
HUZHOU WUXING NANTAIHU       8.79    01/16/21    CNY     20.10
HUZHOU XISAISHAN DEVELO      7.80    04/29/21    CNY     20.22
HUZHOU XISAISHAN DEVELO      7.80    04/29/21    CNY     20.00
INNER MONGOLIA JINLONG       7.30    11/19/22    CNY     60.27
INNER MONGOLIA JINLONG       7.30    11/19/22    CNY     59.50
INNER MONGOLIA KE'ERQIN      6.45    04/30/22    CNY     40.00
INNER MONGOLIA KE'ERQIN      6.50    03/11/22    CNY     40.00
INNER MONGOLIA KE'ERQIN      6.50    03/11/22    CNY     39.01
INNER MONGOLIA KE'ERQIN      6.45    04/30/22    CNY     38.85
INNER MONGOLIA SHENGXIA      8.18    08/21/21    CNY     24.00
INNER MONGOLIA SHENGXIA      8.18    08/21/21    CNY     20.14
INNER MONGOLIA ZHUNGEER      6.54    12/31/21    CNY     42.10
INNER MONGOLIA ZHUNGEER      6.54    12/31/21    CNY     40.85
JIAN CITY JINGANGSHAN D      4.87    01/27/23    CNY     59.78
JIAN CITY JINGANGSHAN D      4.87    01/27/23    CNY     58.60
JIAN CITY JINGANGSHAN D      7.99    06/03/21    CNY     20.87
JIAN CITY JINGANGSHAN D      7.99    06/03/21    CNY     20.33
JIANAN INVESTMENT HOLDI      4.30    03/08/23    CNY     60.28
JIANAN INVESTMENT HOLDI      4.30    03/08/23    CNY     60.24
JIANAN INVESTMENT HOLDI      3.85    09/05/23    CNY     60.00
JIANAN INVESTMENT HOLDI      3.85    09/05/23    CNY     59.70
JIANAN INVESTMENT HOLDI      3.50    09/05/23    CNY     59.41
JIANAN INVESTMENT HOLDI      6.85    05/23/21    CNY     26.50
JIANAN INVESTMENT HOLDI      6.85    05/23/21    CNY     20.45
JIANGDONG HOLDING GROUP      7.14    04/24/21    CNY     20.26
JIANGMEN NEW HI-TECH IN      6.03    04/22/22    CNY     41.10
JIANGMEN NEW HI-TECH IN      6.03    04/22/22    CNY     40.83
JIANGMEN NEW HI-TECH IN      7.39    11/04/20    CNY     20.04
JIANGSU BEIGU INDUSTRIA      5.80    06/20/23    CNY     60.94
JIANGSU BEIGU INDUSTRIA      5.80    06/20/23    CNY     59.77
JIANGSU DAHANG LINGANG       5.18    09/22/23    CNY     59.08
JIANGSU DAHANG LINGANG       5.18    09/22/23    CNY     58.61
JIANGSU GAOCHUN ECONOMI      3.67    09/23/23    CNY     59.37
JIANGSU GAOCHUN ECONOMI      3.67    09/23/23    CNY     59.25
JIANGSU HAIZHOU DEVELOP      4.67    06/06/23    CNY     61.51
JIANGSU HAIZHOU DEVELOP      4.67    06/06/23    CNY     60.45
JIANGSU HAIZHOUWAN DEVE      5.37    03/29/23    CNY     45.00
JIANGSU HANRUI INVESTME      4.63    04/15/23    CNY     60.51
JIANGSU HANRUI INVESTME      4.63    04/15/23    CNY     60.35
JIANGSU HANRUI INVESTME      5.00    08/31/23    CNY     58.27
JIANGSU HANRUI INVESTME      5.00    08/31/23    CNY     57.91
JIANGSU JINGUAN INVESTM      7.90    04/08/21    CNY     20.80
JIANGSU JINGUAN INVESTM      7.90    04/08/21    CNY     20.35
JIANGSU JINTAN GUOFA IN      4.60    08/22/23    CNY     58.59
JIANGSU JINTAN GUOFA IN      4.60    08/22/23    CNY     58.27
JIANGSU JINTAN GUOFA IN      6.85    05/30/21    CNY     20.23
JIANGSU JINTAN GUOFA IN      6.85    05/30/21    CNY     20.00
JIANGSU JURONG FUDI BIO      7.70    03/21/21    CNY     40.70
JIANGSU JURONG FUDI BIO      7.70    03/21/21    CNY     40.48
JIANGSU NANTONG NO2 CON      8.10    07/10/21    CNY     20.14
JIANGSU RUNCHENG ASSET       7.88    04/16/21    CNY     28.80
JIANGSU RUNCHENG ASSET       7.88    04/16/21    CNY     20.37
JIANGSU RUNQI WANGUO IN      4.14    10/21/21    CNY     59.99
JIANGSU RUNQI WANGUO IN      4.14    10/21/21    CNY     59.18
JIANGSU SUHAI INVESTMEN      7.28    05/29/21    CNY     25.00
JIANGSU SUHAI INVESTMEN      7.28    05/29/21    CNY     20.18
JIANGSU TAICANG PORT DE      7.40    04/28/21    CNY     20.44
JIANGSU TAICANG PORT DE      7.40    04/28/21    CNY     20.00
JIANGSU WUZHONG ECONOMI      5.49    11/19/21    CNY     40.51
JIANGSU WUZHONG ECONOMI      5.49    11/19/21    CNY     40.32
JIANGSU XISHAN ECONOMIC      5.78    07/20/22    CNY     40.89
JIANGSU XISHAN ECONOMIC      5.78    07/20/22    CNY     40.00
JIANGSU YANGKOU PORT CO      6.23    04/10/22    CNY     47.50
JIANGSU YANGKOU PORT CO      6.23    04/10/22    CNY     40.73
JIANGSU YINGZHOU DEVELO      4.33    09/21/23    CNY     58.17
JIANGSU YINGZHOU DEVELO      4.33    09/21/23    CNY     57.86
JIANGSU YIXING ECONOMIC      7.69    04/18/21    CNY     30.19
JIANGSU YIXING ECONOMIC      7.69    04/18/21    CNY     20.40
JIANGSU ZHANGJIAGANG EC      3.95    03/22/23    CNY     60.07
JIANGSU ZHANGJIAGANG EC      3.95    03/22/23    CNY     60.00
JIANGSU ZHUFU INDUSTRIA      4.47    07/20/23    CNY     58.90
JIANGSU ZHUFU INDUSTRIA      4.47    07/20/23    CNY     56.30
JIANGSU ZHUFU INDUSTRIA      4.93    12/29/20    CNY     40.13
JIANGXI HEJI INVESTMENT      5.09    12/17/22    CNY     60.00
JIANGXI HEJI INVESTMENT      5.09    12/17/22    CNY     59.78
JIANGXI HUIHENG PROPERT      4.43    08/30/21    CNY     40.13
JIANGXI HUIHENG PROPERT      4.43    08/30/21    CNY     39.91
JIANGXI LONGHU MOUNTAIN      4.35    03/16/23    CNY     59.53
JIANGXI LONGHU MOUNTAIN      4.35    03/16/23    CNY     59.50
JIANGXI PINGXIANG CHANG      8.18    05/22/21    CNY     29.34
JIANGXI PINGXIANG CHANG      8.18    05/22/21    CNY     20.39
JIANGXI PROVINCE SITONG      8.20    04/18/21    CNY     20.56
JIANGXI PROVINCE SITONG      8.20    04/18/21    CNY     20.33
JIANGYIN LINGANG NEW CI      7.10    11/07/20    CNY     21.00
JIANGYIN LINGANG NEW CI      7.10    11/07/20    CNY     20.04
JIANGYOU HONGFEI INVEST      6.55    09/02/22    CNY     40.61
JIANGYOU HONGFEI INVEST      6.55    09/02/22    CNY     40.31
JIANHU COUNTY DEVELOPME      7.29    09/25/21    CNY     22.75
JIANHU COUNTY DEVELOPME      7.29    09/25/21    CNY     20.21
JIANHU URBAN CONSTRUCTI      3.28    10/13/21    CNY     71.00
JIANHU URBAN CONSTRUCTI      3.28    10/13/21    CNY     69.54
JIANHU URBAN CONSTRUCTI      6.30    06/01/22    CNY     42.86
JIANHU URBAN CONSTRUCTI      6.30    06/01/22    CNY     40.09
JIAXING ECONOMIC&TECHNO      7.89    03/05/21    CNY     21.13
JIAXING ECONOMIC&TECHNO      7.89    03/05/21    CNY     20.37
JIAXING NANHU INVESTMEN      7.45    02/26/21    CNY     21.80
JIAXING NANHU INVESTMEN      7.45    02/26/21    CNY     20.24
JIAXING XIANGJIADANG DE      3.87    09/21/23    CNY     59.94
JIAXING XIANGJIADANG DE      4.13    07/20/23    CNY     59.53
JIAXING XIANGJIADANG DE      4.13    07/20/23    CNY     58.22
JIAXING XIANGJIADANG DE      3.87    09/21/23    CNY     57.78
JIAYU COUNTY URBAN TOWN      5.70    01/19/23    CNY     60.59
JIAYU COUNTY URBAN TOWN      5.70    01/19/23    CNY     60.59
JIAYUGUAN CITY INFRASTR      7.83    09/23/21    CNY     20.32
JIAYUGUAN CITY INFRASTR      7.83    09/23/21    CNY     20.00
JIEYANG CITY INVESTMENT      6.55    08/27/21    CNY     20.31
JILIN CITY CONSTRUCTION      3.80    01/27/23    CNY     59.90
JILIN CITY CONSTRUCTION      3.80    01/27/23    CNY     59.55
JILIN ECONOMIC AND TECH      6.20    04/29/23    CNY     60.33
JILIN ECONOMIC AND TECH      6.20    04/29/23    CNY     59.55
JILIN NORTHEAST SOCK IN      7.50    05/19/22    CNY     71.28
JILIN NORTHEAST SOCK IN      6.80    12/19/21    CNY     70.10
JILIN RAILWAY INVESTMEN      7.18    03/04/21    CNY     20.11
JILIN RAILWAY INVESTMEN      7.18    03/04/21    CNY     19.76
JINAN CITY CONSTRUCTION      6.80    03/20/21    CNY     20.28
JINAN CITY CONSTRUCTION      6.80    03/20/21    CNY     20.20
JINAN CITY LICHENG DIST      5.00    06/23/22    CNY     39.58
JINAN CITY LICHENG DIST      5.00    06/23/22    CNY     39.56
JINAN HI-TECH HOLDING G      6.38    06/19/21    CNY     20.30
JINAN HI-TECH HOLDING G      6.38    06/19/21    CNY     20.30
JINCHANG CONSTRUCTION I      6.79    12/21/22    CNY     60.46
JINCHANG CONSTRUCTION I      6.79    12/21/22    CNY     60.00
JINCHENG STATE-OWNED CA      4.99    11/11/21    CNY     40.36
JINCHENG STATE-OWNED CA      4.99    11/11/21    CNY     40.20
JINGDEZHEN CERAMIC CULT      5.38    11/27/22    CNY     60.24
JINGDEZHEN CERAMIC CULT      5.38    11/27/22    CNY     60.00
JINGHONG STATE-OWNED AS      8.08    05/23/21    CNY     20.23
JINGHONG STATE-OWNED AS      8.08    05/23/21    CNY     20.00
JINGJIANG CITY INVESTME      4.55    03/30/23    CNY     60.08
JINGJIANG CITY INVESTME      4.55    03/30/23    CNY     59.22
JINGJIANG HARBOUR GROUP      7.30    08/05/21    CNY     28.68
JINGJIANG HARBOUR GROUP      7.30    08/05/21    CNY     20.24
JINGMEN CITY CONSTRUCTI      6.85    07/09/22    CNY     30.90
JINGMEN CITY CONSTRUCTI      6.85    07/09/22    CNY     30.74
JINGMEN CITY CONSTRUCTI      7.00    10/17/20    CNY     20.00
JINGMEN CITY CONSTRUCTI      7.00    10/17/20    CNY     18.57
JINGMEN HIGH-TECH DEVEL      4.15    07/28/23    CNY     59.27
JINGMEN HIGH-TECH DEVEL      4.15    07/28/23    CNY     58.33
JINGMEN HIGH-TECH DEVEL      5.48    08/11/22    CNY     40.73
JINGMEN HIGH-TECH DEVEL      5.48    08/11/22    CNY     39.80
JINGSHAN JINGCHENG INVE      4.38    08/29/23    CNY     60.07
JINGSHAN JINGCHENG INVE      4.38    08/29/23    CNY     59.33
JINGZHOU DEVELOPMENT ZO      8.20    12/09/20    CNY     20.14
JINGZHOU DEVELOPMENT ZO      8.20    12/09/20    CNY     20.10
JINGZHOU URBAN CONSTRUC      3.97    03/10/23    CNY     60.14
JINGZHOU URBAN CONSTRUC      3.97    03/10/23    CNY     60.07
JINHU COUNTY STATE-OWNE      4.00    07/26/22    CNY     50.16
JINHU COUNTY STATE-OWNE      4.00    07/26/22    CNY     50.15
JINHU COUNTY STATE-OWNE      7.75    08/25/21    CNY     21.33
JINHU COUNTY STATE-OWNE      7.75    08/25/21    CNY     20.47
JINING CITY SHIZHONG DI      3.52    09/14/23    CNY     59.19
JINING CITY SHIZHONG DI      6.39    01/29/22    CNY     44.44
JINING CITY SHIZHONG DI      6.39    01/29/22    CNY     40.57
JINING HIGH TECH URBAN       6.09    04/30/22    CNY     41.50
JINING HIGH TECH URBAN       6.09    04/30/22    CNY     40.90
JINSHA COUNTY CONSTRUCT      6.01    09/05/23    CNY     58.81
JINSHA COUNTY CONSTRUCT      6.01    09/05/23    CNY     58.81
JINTANG MODERN AGRICULT      5.49    07/14/23    CNY     58.83
JINTANG MODERN AGRICULT      5.49    07/14/23    CNY     57.88
JINZHAI URBAN DEVELOPME      5.90    04/25/23    CNY     61.10
JINZHAI URBAN DEVELOPME      5.90    04/25/23    CNY     60.77
JINZHOU CITY INVESTMENT      6.44    08/18/21    CNY     24.91
JINZHOU CITY INVESTMENT      8.50    12/27/20    CNY     20.60
JINZHOU CITY INVESTMENT      6.44    08/18/21    CNY     20.19
JINZHOU CITY INVESTMENT      8.50    12/27/20    CNY     20.12
JINZHOU HUAXING INVESTM      8.38    02/25/21    CNY     25.00
JINZHOU HUAXING INVESTM      9.10    01/21/21    CNY     20.90
JINZHOU HUAXING INVESTM      8.38    02/25/21    CNY     20.18
JINZHOU HUAXING INVESTM      9.10    01/21/21    CNY     20.16
JISHOU HUATAI STATE OWN      7.18    02/09/22    CNY     42.82
JISHOU HUATAI STATE OWN      7.18    02/09/22    CNY     40.36
JIUJIANG CITY CONSTRUCT      5.50    05/22/22    CNY     40.80
JIUJIANG CITY CONSTRUCT      5.50    05/22/22    CNY     39.55
JIUJIANG LAND INVESTMEN      6.20    03/23/22    CNY     40.77
JIUJIANG LAND INVESTMEN      6.20    03/23/22    CNY     40.36
JIUJIANG LIANXI DISTRIC      4.58    03/30/23    CNY     59.76
JIUJIANG LIANXI DISTRIC      4.58    03/30/23    CNY     59.67
JIUQUAN ECONOMIC DEVELO      7.40    02/26/21    CNY     20.60
JIUQUAN ECONOMIC DEVELO      7.40    02/26/21    CNY     20.24
JIXI STATE OWN ASSET MA      6.87    01/19/22    CNY     40.85
JIXI STATE OWN ASSET MA      6.87    01/19/22    CNY     40.08
KAIFENG URBAN OPERATION      6.35    03/23/22    CNY     40.11
KAIFENG URBAN OPERATION      6.35    03/23/22    CNY     40.11
KAIFU CITY DEVELOPMENT       4.20    01/21/23    CNY     60.08
KAIFU CITY DEVELOPMENT       3.73    08/22/23    CNY     59.49
KAIFU CITY DEVELOPMENT       3.73    08/22/23    CNY     59.42
KAILI GUIZHOU TOWN CONS      5.29    12/17/22    CNY     60.00
KAILI GUIZHOU TOWN CONS      5.29    12/17/22    CNY     58.50
KANGMEI PHARMACEUTICAL       6.33    01/27/22    CNY     36.69
KANGMEI PHARMACEUTICAL       5.47    09/15/22    CNY     21.25
KANGMEI PHARMACEUTICAL       5.29    08/16/22    CNY     21.25
KANGMEI PHARMACEUTICAL       5.20    07/17/22    CNY     21.25
KANGMEI PHARMACEUTICAL       6.80    06/28/21    CNY     21.25
KANGMEI PHARMACEUTICAL       7.00    06/21/21    CNY     21.25
KANGMEI PHARMACEUTICAL       5.50    04/20/21    CNY     21.25
KANGMEI PHARMACEUTICAL       6.10    03/28/21    CNY     21.25
KANGMEI PHARMACEUTICAL       6.28    03/20/21    CNY     21.25
KASHI URBAN CONSTRUCTIO      5.80    07/20/22    CNY     40.76
KASHI URBAN CONSTRUCTIO      5.80    07/20/22    CNY     40.00
KUNMING DONGJUN REAL ES      4.50    11/02/21    CNY     49.50
KUNSHAN COMMUNICATION D      6.95    05/22/21    CNY     25.45
KUNSHAN COMMUNICATION D      6.95    05/22/21    CNY     20.26
KUNSHAN HIGH TECHNOLOGY      7.10    03/26/21    CNY     20.29
KUNSHAN HIGH TECHNOLOGY      7.10    03/26/21    CNY     19.90
LAIWU CITY ECONOMIC DEV      7.08    02/28/21    CNY     20.60
LAIWU CITY ECONOMIC DEV      7.08    02/28/21    CNY     20.19
LANZHOU STATE OWNED ASS      6.32    09/10/21    CNY     20.06
LANZHOU STATE OWNED ASS      6.32    09/10/21    CNY     14.90
LAOHEKOU CITY CONSTRUCT      6.75    08/12/22    CNY     40.47
LAOHEKOU CITY CONSTRUCT      6.75    08/12/22    CNY     40.42
LEIYANG CITY AND RURAL       7.80    04/10/22    CNY     41.38
LEIYANG CITY AND RURAL       7.80    04/10/22    CNY     41.35
LEQING CITY STATE OWNED      5.99    10/20/21    CNY     40.85
LEQING CITY STATE OWNED      5.99    10/20/21    CNY     40.50
LESHAN STATE-OWNED ASSE      5.68    10/22/21    CNY     40.44
LESHAN STATE-OWNED ASSE      5.68    10/22/21    CNY     40.00
LIANYUNGANG TRANSPORT G      5.47    11/17/21    CNY     45.00
LIANYUNGANG TRANSPORT G      5.47    11/17/21    CNY     40.43
LIAOCHENG ANTAI URBAN R      5.16    04/11/23    CNY     60.18
LIAOCHENG ANTAI URBAN R      5.16    04/11/23    CNY     60.10
LIAOCHENG ANTAI URBAN R      4.58    04/11/23    CNY     59.88
LIAOCHENG ANTAI URBAN R      4.58    04/11/23    CNY     59.73
LIAOCHENG XINGYE ECONOM      5.20    04/13/23    CNY     60.81
LIAOCHENG XINGYE ECONOM      5.20    04/13/23    CNY     57.91
LIAONING COASTAL ECONOM      8.90    04/01/21    CNY     11.12
LIAONING COASTAL ECONOM      8.90    04/01/21    CNY      3.63
LIAONING YAODU DEVELOPM      6.50    04/29/23    CNY     60.64
LILING HIGH-TECH INDUST      4.93    01/19/23    CNY     59.36
LILING HIGH-TECH INDUST      4.93    01/19/23    CNY     59.23
LINFEN YAODU DISTRICT I      7.19    03/13/22    CNY     40.56
LINFEN YAODU DISTRICT I      7.19    03/13/22    CNY     40.49
LISHUI CITY CONSTRUCTIO      5.67    08/13/22    CNY     40.95
LISHUI CITY CONSTRUCTIO      5.67    08/13/22    CNY     40.55
LIUPANSHUI DEVELOPMENT       3.74    01/20/23    CNY     59.65
LIUPANSHUI MINSHENG INV      5.08    01/29/23    CNY     59.13
LIUPANSHUI MINSHENG INV      5.08    01/29/23    CNY     59.04
LIUYANG MODERN MANUFACT      4.72    01/19/23    CNY     59.46
LIUYANG MODERN MANUFACT      4.72    01/19/23    CNY     59.09
LIUYANG NEW INDUSTRIAL       4.43    10/23/22    CNY     60.30
LIUYANG NEW INDUSTRIAL       4.43    10/23/22    CNY     60.09
LIUYANG URBAN CONSTRUCT      4.45    05/24/23    CNY     60.65
LIUYANG URBAN CONSTRUCT      4.45    05/24/23    CNY     60.41
LIUYANG URBAN CONSTRUCT      6.98    08/22/21    CNY     20.60
LIUYANG URBAN CONSTRUCT      6.98    08/22/21    CNY     20.50
LIUZHOU CITY INVESTMENT      7.18    12/31/22    CNY     46.09
LIUZHOU DONGTONG INVEST      4.45    07/22/23    CNY     58.04
LIUZHOU DONGTONG INVEST      4.45    07/22/23    CNY     58.02
LIUZHOU INVESTMENT HOLD      4.28    03/08/23    CNY     59.60
LIUZHOU INVESTMENT HOLD      4.28    03/08/23    CNY     59.49
LIUZHOU LONGJIAN INVEST      8.28    04/30/24    CNY     63.05
LIUZHOU LONGJIAN INVEST      8.28    04/30/24    CNY     60.22
LIYANG KUNLUN URBAN CON      5.90    10/24/21    CNY     40.34
LIYANG KUNLUN URBAN CON      5.90    10/24/21    CNY     38.00
LONGHAI STATE-OWNED ASS      6.58    08/15/21    CNY     20.31
LONGYAN RAILWAY CONSTRU      4.98    04/13/23    CNY     59.94
LONGYAN RAILWAY CONSTRU      4.98    04/13/23    CNY     59.19
LOUDI CITY CONSTRUCTION      7.95    04/15/21    CNY     30.31
LOUDI CITY CONSTRUCTION      7.95    04/15/21    CNY     20.37
LOUDI TIDU INVESTMENT D      4.83    01/20/23    CNY     59.81
LOUDI TIDU INVESTMENT D      4.83    01/20/23    CNY     59.69
LOUDI TIDU INVESTMENT D      7.18    08/27/21    CNY     20.30
LOUDI TIDU INVESTMENT D      7.18    08/27/21    CNY     20.00
LOUDI WANBAO NEW DISTRI      5.13    02/01/23    CNY     59.53
LOUDI WANBAO NEW DISTRI      5.13    02/01/23    CNY     59.35
LOUDI WANBAO NEW DISTRI      4.42    08/01/23    CNY     58.51
LOUDI WANBAO NEW DISTRI      4.42    08/01/23    CNY     58.46
LU'AN CITY CONSTRUCTION      5.05    04/26/21    CNY     50.43
LU'AN CITY CONSTRUCTION      3.97    02/22/21    CNY     50.13
LUJIANG CITY CONSTRUCTI      6.70    04/16/22    CNY     40.99
LUJIANG CITY CONSTRUCTI      6.70    04/16/22    CNY     40.00
LUOYANG CITY COUNTRY CO      4.28    04/26/23    CNY     60.42
LUOYANG CITY DEVELOPMEN      4.47    12/02/22    CNY     60.50
LUOYANG CITY DEVELOPMEN      4.47    12/02/22    CNY     60.00
LUZHOU FUYANG INVESTMEN      5.00    08/11/23    CNY     60.10
LUZHOU FUYANG INVESTMEN      5.00    08/11/23    CNY     58.90
LUZHOU XINGLU INVESTMEN      6.41    04/23/25    CNY     74.21
LUZHOU XINGLU INVESTMEN      6.41    04/23/25    CNY     70.00
LUZHOU XINGYANG INVESTM      4.87    01/28/23    CNY     59.68
LUZHOU XINGYANG INVESTM      4.87    01/28/23    CNY     59.66
MA'ANSHAN CIHU HIGH TEC      6.85    09/09/21    CNY     23.00
MA'ANSHAN CIHU HIGH TEC      6.85    09/09/21    CNY     20.40
MAANSHAN ECONOMIC TECHN      6.49    03/06/22    CNY     44.99
MAANSHAN ECONOMIC TECHN      6.49    03/06/22    CNY     40.39
MAANSHAN HUASHAN DISTRI      6.07    04/20/22    CNY     40.99
MAANSHAN SOUTHERN INDUS      4.43    09/02/23    CNY     58.98
MAANSHAN SOUTHERN INDUS      4.43    09/02/23    CNY     58.47
MAANSHAN SOUTHERN INDUS      4.53    07/25/23    CNY     58.32
MAANSHAN SOUTHERN INDUS      4.53    07/25/23    CNY     57.98
MEISHAN ASSET MANAGEMEN      7.84    02/26/21    CNY     20.29
MEISHAN ASSET MANAGEMEN      7.84    02/26/21    CNY     20.24
MEISHAN CITY DONGPO DEV      5.90    06/30/23    CNY     59.18
MEISHAN CITY DONGPO DEV      5.90    06/30/23    CNY     58.90
MEISHAN HONGDA CONSTRUC      4.18    03/28/23    CNY     59.28
MEISHAN HONGDA CONSTRUC      4.18    03/28/23    CNY     59.11
MEIZHOU CITY XIN JIN YE      6.02    04/22/22    CNY     45.32
MEIZHOU CITY XIN JIN YE      6.02    04/22/22    CNY     40.74
MEIZHOU MEI COUNTY DIST      5.00    12/30/22    CNY     60.38
MEIZHOU MEI COUNTY DIST      5.00    12/30/22    CNY     60.00
MUDANJIANG AREA URBAN D      6.48    06/30/22    CNY     45.00
MUDANJIANG AREA URBAN D      6.48    06/30/22    CNY     41.17
MUDANJIANG STATE-OWNED       7.70    04/14/21    CNY     20.18
MUDANJIANG STATE-OWNED       7.70    04/14/21    CNY     20.17
MUNICIPALITY OF SHENZHE      3.00    03/29/22    CNY     60.00
MUNICIPALITY OF SHENZHE      3.00    03/29/22    CNY     60.00
NANCHANG ECONOMY TECHNO      3.83    09/22/23    CNY     59.95
NANCHANG ECONOMY TECHNO      3.83    09/22/23    CNY     59.50
NANCHONG AIRPORT INVEST      6.80    01/26/22    CNY     40.25
NANCHONG AIRPORT INVEST      6.80    01/26/22    CNY     40.24
NANCHONG ECONOMIC DEVEL      8.28    04/21/21    CNY     31.20
NANCHONG ECONOMIC DEVEL      8.28    04/21/21    CNY     20.36
NANJING BAIXIA STATE-OW      3.98    03/29/23    CNY     60.18
NANJING BAIXIA STATE-OW      3.98    03/29/23    CNY     60.15
NANJING HEXI NEW TOWN A      3.47    06/17/21    CNY     40.07
NANJING HEXI NEW TOWN A      3.20    07/22/21    CNY     39.90
NANJING JIANGNING ECONO      7.94    04/14/24    CNY     64.99
NANJING JIANGNING ECONO      7.94    04/14/24    CNY     64.30
NANJING JIANYE SCIENCE       4.37    06/24/23    CNY     60.44
NANJING JIANYE SCIENCE       4.37    06/24/23    CNY     60.14
NANJING LISHUI ECONOMIC      6.27    09/22/21    CNY     21.29
NANJING LISHUI ECONOMIC      6.27    09/22/21    CNY     20.48
NANJING LISHUI URBAN CO      4.97    04/28/23    CNY     60.94
NANJING LISHUI URBAN CO      4.97    04/28/23    CNY     60.80
NANJING METRO GROUP CO       3.29    08/29/23    CNY     59.71
NANJING QIXIA STATE-OWN      4.10    06/24/23    CNY     60.24
NANJING QIXIA STATE-OWN      4.10    06/24/23    CNY     60.15
NANJING STATE OWNED ASS      5.60    03/06/23    CNY     46.19
NANJING STATE OWNED ASS      5.60    03/06/23    CNY     45.91
NANJING TANGSHAN CONSTR      6.80    06/30/21    CNY     26.80
NANJING TANGSHAN CONSTR      6.80    06/30/21    CNY     20.45
NANNING HI-TECH INDUSTR      4.28    03/25/23    CNY     58.93
NANNING HI-TECH INDUSTR      4.28    03/25/23    CNY     55.20
NANNING LVGANG CONSTRUC      7.30    06/27/21    CNY     24.80
NANNING LVGANG CONSTRUC      7.30    06/27/21    CNY     20.29
NANPING CITY WUYI NEW D      4.96    09/28/22    CNY     40.60
NANPING CITY WUYI NEW D      4.96    09/28/22    CNY     40.34
NANTONG CHONGCHUAN URBA      5.70    07/21/22    CNY     71.73
NANTONG CHONGCHUAN URBA      5.70    07/21/22    CNY     70.00
NANTONG CHONGCHUAN URBA      7.15    04/18/21    CNY     25.40
NANTONG CHONGCHUAN URBA      7.15    04/18/21    CNY     20.33
NANTONG CITY GANGZHA DI      3.80    09/06/21    CNY     40.01
NANTONG CITY GANGZHA DI      3.80    09/06/21    CNY     39.68
NANTONG CITY TONGZHOU D      3.75    07/07/23    CNY     59.51
NANTONG HIGH TECHNOLOGY      5.00    10/19/22    CNY     61.52
NANTONG HIGH TECHNOLOGY      5.00    10/19/22    CNY     60.78
NANTONG SUTONG SCIENCE       6.20    03/18/22    CNY     40.84
NANTONG SUTONG SCIENCE       6.20    03/18/22    CNY     40.00
NANYANG HIGH-TECH DISTR      6.45    04/29/23    CNY     61.46
NANYANG HIGH-TECH DISTR      6.45    04/29/23    CNY     60.78
NANYANG INVESTMENT GROU      7.05    10/24/20    CNY     20.17
NANYANG INVESTMENT GROU      7.05    10/24/20    CNY     20.03
NEIJIANG CITY XINGYUAN       4.28    08/16/23    CNY     58.37
NEIJIANG CITY XINGYUAN       4.28    08/16/23    CNY     57.59
NEIJIANG INVESTMENT HOL      7.99    04/24/21    CNY     28.53
NEIJIANG INVESTMENT HOL      7.99    04/24/21    CNY     20.16
NEIJIANG STATE-OWNED AS      6.20    04/12/23    CNY     59.15
NEIJIANG STATE-OWNED AS      6.20    04/12/23    CNY     58.71
NEIJINAG CONSTRUCTION E      5.03    12/25/22    CNY     59.64
NEIJINAG CONSTRUCTION E      5.03    12/25/22    CNY     56.36
NEOGLORY HOLDING GROUP       8.10    11/23/18    CNY     72.00
NEOGLORY HOLDING GROUP       8.00    09/25/20    CNY     60.00
NEOGLORY HOLDING GROUP       8.00    10/22/20    CNY     56.00
NINGBO CITY HAISHU GUAN      7.75    03/06/21    CNY     26.30
NINGBO CITY HAISHU GUAN      7.75    03/06/21    CNY     20.26
NINGBO CITY ZHENHAI INV      5.85    12/04/21    CNY     40.47
NINGBO CITY ZHENHAI INV      5.85    12/04/21    CNY     40.46
NINGBO ECONOMIC & TECHN      7.09    04/21/21    CNY     29.00
NINGBO ECONOMIC & TECHN      7.09    04/21/21    CNY     20.32
NINGBO MEISHAN ISLAND D      6.27    03/23/22    CNY     48.29
NINGBO MEISHAN ISLAND D      6.27    03/23/22    CNY     40.91
NINGGUO CITY STATE OWNE      8.70    04/28/21    CNY     20.56
NINGGUO CITY STATE OWNE      8.70    04/28/21    CNY     20.00
NINGHAI COUNTY URBAN IN      8.00    01/02/21    CNY     25.00
NINGHAI COUNTY URBAN IN      7.99    04/16/21    CNY     20.70
NINGHAI COUNTY URBAN IN      7.99    04/16/21    CNY     20.48
NINGHAI COUNTY URBAN IN      8.00    01/02/21    CNY     20.18
NINGXIANG CITY CONSTRUC      6.70    01/20/22    CNY     40.76
NINGXIANG CITY CONSTRUC      6.70    01/20/22    CNY     40.20
NINGXIANG ECONOMIC TECH      3.87    01/27/23    CNY     59.98
NINGXIANG ECONOMIC TECH      3.87    01/27/23    CNY     59.50
NINGXIANG ECONOMIC TECH      8.20    04/16/21    CNY     20.36
NINGXIANG STATE-OWNED A      4.89    06/03/23    CNY     59.62
NINGXIANG STATE-OWNED A      4.89    06/03/23    CNY     58.98
ONE BELT ONE ROAD JIANG      4.70    07/15/23    CNY     60.36
ONE BELT ONE ROAD JIANG      4.70    07/15/23    CNY     60.27
PANJIN CITY SHUANGTAIZI      7.25    01/22/22    CNY     40.76
PANJIN CITY SHUANGTAIZI      7.25    01/22/22    CNY     40.28
PANSHAN COUNTY STATE-OW      7.48    01/21/22    CNY     40.50
PANSHAN COUNTY STATE-OW      7.48    01/21/22    CNY     40.50
PANZHIHUA STATE OWNED A      8.18    03/13/22    CNY     41.30
PANZHIHUA STATE OWNED A      8.18    03/13/22    CNY     41.20
PANZHIHUA STATE OWNED A      7.60    03/05/21    CNY     20.32
PANZHIHUA STATE OWNED A      7.60    03/05/21    CNY     20.19
PEIXIAN CITY INVESTMENT      5.20    11/10/22    CNY     60.00
PEIXIAN CITY INVESTMENT      5.20    11/10/22    CNY     59.91
PEKING UNIVERSITY FOUND      6.30    03/04/24    CNY     11.00
PEKING UNIVERSITY FOUND      6.50    11/16/23    CNY     11.00
PEKING UNIVERSITY FOUND      6.68    08/09/23    CNY     11.00
PEKING UNIVERSITY FOUND      5.80    01/28/22    CNY     11.00
PEKING UNIVERSITY FOUND      5.99    11/02/21    CNY     11.00
PEKING UNIVERSITY FOUND      6.10    08/22/21    CNY     11.00
PEKING UNIVERSITY FOUND      4.80    07/26/21    CNY     11.00
PEKING UNIVERSITY FOUND      6.30    09/12/20    CNY     11.00
PEKING UNIVERSITY FOUND      6.15    07/23/20    CNY     11.00
PEKING UNIVERSITY FOUND      6.20    05/31/20    CNY     11.00
PINGHU CITY INVESTMENT       5.13    04/29/23    CNY     60.85
PINGHU CITY INVESTMENT       5.13    04/29/23    CNY     60.75
PINGHU ECONOMIC DEVELOP      7.99    04/17/21    CNY     20.22
PINGLIANG CULTURAL & TO      6.85    11/30/22    CNY     60.54
PINGLIANG CULTURAL & TO      6.85    11/30/22    CNY     60.00
PINGTAN COMPREHENSIVE P      3.92    01/29/23    CNY     60.15
PINGXIANG CHANGXING INV      5.26    04/11/23    CNY     59.48
PINGXIANG CHANGXING INV      5.26    04/11/23    CNY     59.44
PINGXIANG HUIFENG INVES      6.60    01/26/22    CNY     40.54
PINGXIANG HUIFENG INVES      6.60    01/26/22    CNY     40.12
PINGYANG STATE-OWNED AS      4.97    01/08/23    CNY     60.18
PINGYANG STATE-OWNED AS      4.97    01/08/23    CNY     60.00
PIZHOU CITY HENGRUN INV      6.46    12/05/21    CNY     42.46
PIZHOU CITY HENGRUN INV      6.46    12/05/21    CNY     40.33
PIZHOU ECONOMIC DEVELOP      5.00    10/29/22    CNY     60.00
PIZHOU ECONOMIC DEVELOP      5.00    10/29/22    CNY     59.54
PIZHOU RUNCAI ASSET MAN      5.90    12/18/20    CNY     50.09
PUTIAN HIGH TECHNOLOGY       5.90    05/03/22    CNY     49.91
PUTIAN HIGH TECHNOLOGY       5.90    05/03/22    CNY     49.72
PUYANG INVESTMENT GROUP      8.00    12/11/20    CNY     20.13
PUYANG INVESTMENT GROUP      8.00    12/11/20    CNY     20.00
QIANAN URBAN CONSTRUCTI      7.19    08/11/21    CNY     20.52
QIANAN URBAN CONSTRUCTI      8.88    01/23/21    CNY     20.23
QIANAN URBAN CONSTRUCTI      7.19    08/11/21    CNY     20.00
QIANAN URBAN CONSTRUCTI      8.88    01/23/21    CNY     20.00
QIANAN XINGYUAN WATER I      6.25    04/22/22    CNY     46.90
QIANAN XINGYUAN WATER I      6.25    04/22/22    CNY     40.82
QIANDONGNAN TRANSPORTAT      5.79    12/21/22    CNY     57.68
QIANDONGNAN TRANSPORTAT      5.79    12/21/22    CNY     57.23
QIANDONGNANZHOU KAIHONG      5.30    09/22/26    CNY     74.47
QIANDONGNANZHOU KAIHONG      5.30    09/22/26    CNY     68.02
QIANJIANG URBAN CONSTRU      5.19    12/21/22    CNY     61.28
QIANJIANG URBAN CONSTRU      5.19    12/21/22    CNY     60.00
QIANJIANG URBAN CONSTRU      8.38    04/22/21    CNY     20.52
QIANJIANG URBAN CONSTRU      8.38    04/22/21    CNY     20.39
QIANNANZHOU INVESTMENT       6.43    03/09/22    CNY     38.65
QIANNANZHOU INVESTMENT       6.43    03/09/22    CNY     38.50
QIANXINAN AUTONOMOUS RE      5.90    06/22/23    CNY     59.48
QIANXINAN AUTONOMOUS RE      5.90    06/22/23    CNY     59.12
QIDONG COMMUNICATIONS I      4.00    03/18/23    CNY     59.94
QIDONG STATE-OWNED ASSE      4.00    03/09/23    CNY     60.16
QIDONG STATE-OWNED ASSE      4.00    03/09/23    CNY     59.30
QIDONG STATE-OWNED ASSE      7.30    11/20/22    CNY     46.48
QIDONG URBAN CONSTRUCTI      8.20    04/04/21    CNY     20.46
QIDONG URBAN CONSTRUCTI      7.90    04/28/21    CNY     20.34
QIDONG URBAN CONSTRUCTI      8.20    04/04/21    CNY     20.33
QIHE CITY OPERATION CON      5.10    03/07/23    CNY     60.14
QIHE CITY OPERATION CON      5.10    03/07/23    CNY     60.13
QINGDAO CHANGYANG INVES      3.73    09/12/23    CNY     59.70
QINGDAO CHANGYANG INVES      3.73    09/12/23    CNY     59.69
QINGDAO CONSON DEVELOPM      6.40    12/12/22    CNY     46.33
QINGDAO CONSON DEVELOPM      6.40    12/12/22    CNY     46.30
QINGDAO HICREAT DEVELOP      6.88    04/25/21    CNY     21.13
QINGDAO HICREAT DEVELOP      6.88    04/25/21    CNY     20.21
QINGDAO JIAOZHOU BAY DE      6.33    09/18/21    CNY     21.30
QINGDAO JIAOZHOU BAY DE      6.33    09/18/21    CNY     20.51
QINGDAO JIMO CITY TOURI      5.47    11/17/21    CNY     41.00
QINGDAO JIMO CITY TOURI      5.47    11/17/21    CNY     40.37
QINGDAO LAIXI CITY ASSE      7.50    03/06/21    CNY     28.79
QINGDAO LAIXI CITY ASSE      7.50    03/06/21    CNY     20.18
QINGDAO OCEAN INVESTMEN      4.36    05/12/23    CNY     60.61
QINGDAO OCEAN INVESTMEN      4.36    05/12/23    CNY     59.56
QINGDAO WEST COAST DEVE      4.26    06/06/23    CNY     60.45
QINGDAO WEST COAST DEVE      4.26    06/06/23    CNY     59.94
QINGHAI PROVINCIAL INVE      6.40    07/10/21    USD     35.56
QINGHAI PROVINCIAL INVE      7.88    03/22/21    USD     34.93
QINGHAI STATE-OWNED ASS      5.90    12/17/22    CNY     45.00
QINGHAI STATE-OWNED ASS      5.40    05/21/23    CNY     42.50
QINGYANG CITY ECONOMIC       7.98    04/16/21    CNY     20.21
QINGYANG CITY ECONOMIC       7.98    04/16/21    CNY     20.20
QINGYUAN TRANSPORTATION      8.20    12/19/20    CNY     20.14
QINGZHOU HONGYUAN PUBLI      7.59    05/29/21    CNY     20.29
QINHUANGDAO CITY DEVELO      4.69    04/14/23    CNY     60.59
QINHUANGDAO CITY DEVELO      4.69    04/14/23    CNY     58.97
QINHUANGDAO DEVELOPMENT      4.07    08/26/23    CNY     58.09
QINHUANGDAO DEVELOPMENT      4.07    08/26/23    CNY     57.69
QINHUANGDAO DEVELOPMENT      8.45    04/18/21    CNY     21.28
QINHUANGDAO DEVELOPMENT      8.45    04/18/21    CNY     20.26
QINHUANGDAO DEVELOPMENT      8.00    12/17/20    CNY     20.08
QINHUANGDAO DEVELOPMENT      8.00    12/17/20    CNY     20.00
QINZHOU BINHAI NEW CITY      6.99    07/07/21    CNY     20.28
QINZHOU BINHAI NEW CITY      6.99    07/07/21    CNY     20.00
QIONGLAI CITY CONSTRUCT      6.98    03/25/22    CNY     40.80
QIONGLAI CITY CONSTRUCT      6.98    03/25/22    CNY     40.72
QUANJIAO URBAN INFRASTR      5.10    05/18/23    CNY     59.28
QUANJIAO URBAN INFRASTR      5.10    05/18/23    CNY     59.26
QUJING CITY QILIN DISTR      5.37    11/26/22    CNY     61.95
QUJING CITY QILIN DISTR      5.37    11/26/22    CNY     59.40
QUJING DEVELOPMENT INVE      7.48    04/28/21    CNY     22.55
QUJING DEVELOPMENT INVE      7.48    04/28/21    CNY     20.21
QUJING ECO TECH DEVELOP      5.75    06/01/23    CNY     59.88
QUJING ECO TECH DEVELOP      5.75    06/01/23    CNY     59.75
QUJING ECO TECH DEVELOP      7.48    07/21/21    CNY     20.38
QUZHOU STATE OWNED ASSE      7.20    04/21/21    CNY     23.42
QUZHOU STATE OWNED ASSE      7.20    04/21/21    CNY     20.42
RENHUAI CITY DEVELOPMEN      5.12    04/14/23    CNY     59.04
RENHUAI CITY DEVELOPMEN      5.12    04/14/23    CNY     59.01
RENHUAI CITY DEVELOPMEN      8.09    05/16/21    CNY     20.49
RENHUAI CITY DEVELOPMEN      8.09    05/16/21    CNY     20.47
RENQIU CONSTRUCTION INV      5.68    11/18/22    CNY     60.64
RENQIU CONSTRUCTION INV      5.68    11/18/22    CNY     58.22
RENSHOU DEVELOPMENT OF       6.42    12/22/22    CNY     61.05
RENSHOU DEVELOPMENT OF       6.42    12/22/22    CNY     60.00
REWARD SCIENCE AND TECH      6.40    03/03/22    CNY     70.00
REWARD SCIENCE AND TECH      5.53    07/05/21    CNY     29.10
RIGHT WAY REAL ESTATE D      8.00    07/15/21    CNY     43.89
RIZHAO CITY CONSTRUCTIO      3.98    12/07/22    CNY     60.46
RIZHAO CITY CONSTRUCTIO      3.98    12/07/22    CNY     59.60
RUDONG COUNTY DONGTAI S      6.99    06/20/21    CNY     25.90
RUDONG COUNTY DONGTAI S      6.99    06/20/21    CNY     20.40
RUDONG COUNTY JINXIN TR      3.80    07/26/23    CNY     59.82
RUDONG COUNTY JINXIN TR      3.80    07/26/23    CNY     59.79
RUDONG COUNTY JINXIN TR      4.57    07/26/23    CNY     59.75
RUDONG COUNTY JINXIN TR      4.57    07/26/23    CNY     59.19
RUDONG COUNTY JINXIN TR      8.08    03/03/21    CNY     24.03
RUDONG COUNTY JINXIN TR      8.08    03/03/21    CNY     20.25
RUDONG COUNTY KAITAI CI      4.57    01/08/23    CNY     60.31
RUDONG NEW WORLD INVEST      4.37    07/18/23    CNY     59.49
RUDONG NEW WORLD INVEST      4.37    07/18/23    CNY     58.46
RUGAO COMMUNICATIONS CO      3.74    03/23/23    CNY     59.94
RUGAO COMMUNICATIONS CO      3.74    03/23/23    CNY     59.80
RUGAO ECONOMIC & TRADE       3.95    03/24/23    CNY     60.07
RUGAO ECONOMIC & TRADE       3.95    03/24/23    CNY     59.97
RUGAO ECONOMIC & TRADE       8.30    01/22/21    CNY     29.00
RUGAO ECONOMIC & TRADE       8.30    01/22/21    CNY     20.24
RUGAO YANJIANG DEVELOPM      8.60    01/24/21    CNY     20.93
RUGAO YANJIANG DEVELOPM      8.60    01/24/21    CNY     20.25
RUIAN STATE OWNED ASSET      4.56    01/27/23    CNY     60.66
RUIAN STATE OWNED ASSET      4.56    01/27/23    CNY     58.96
RUICHANG CITY INVESTMEN      5.50    06/17/23    CNY     61.17
RUICHANG CITY INVESTMEN      5.50    06/17/23    CNY     61.16
RUICHANG CITY INVESTMEN      5.68    03/25/23    CNY     61.15
RUICHANG CITY INVESTMEN      5.68    03/25/23    CNY     61.14
RUIJIN URBAN DEVELOPMEN      4.13    09/06/23    CNY     58.77
RUIJIN URBAN DEVELOPMEN      4.13    09/06/23    CNY     58.68
RUZHOU CITY XINYUAN INV      4.43    09/26/23    CNY     56.27
RUZHOU CITY XINYUAN INV      4.43    09/26/23    CNY     55.96
RUZHOU CITY XINYUAN INV      6.30    09/16/21    CNY     25.34
SANMEN COUNTY STATE-OWN      6.80    03/18/22    CNY     40.96
SANMEN COUNTY STATE-OWN      6.85    10/29/21    CNY     40.62
SANMEN COUNTY STATE-OWN      6.80    03/18/22    CNY     40.00
SANMEN COUNTY STATE-OWN      6.85    10/29/21    CNY     40.00
SANMING TRANSPORTATION       3.68    03/29/23    CNY     59.76
SANMING TRANSPORTATION       3.68    03/29/23    CNY     59.51
SHAANXI ANKANG HIGH TEC      8.78    09/17/21    CNY     27.00
SHAANXI ANKANG HIGH TEC      8.78    09/17/21    CNY     20.64
SHAANXI XIXIAN NEW AREA      6.85    08/15/21    CNY     25.50
SHAANXI XIXIAN NEW AREA      6.85    08/15/21    CNY     20.47
SHAANXI XIXIAN NEW AREA      6.89    01/05/22    CNY     43.10
SHAANXI XIXIAN NEW AREA      6.89    01/05/22    CNY     40.57
SHAANXI XIXIAN NEW AREA      5.15    11/27/22    CNY     61.01
SHAANXI XIXIAN NEW AREA      5.15    11/27/22    CNY     60.63
SHANDONG BORUN INDUSTRI      6.50    11/02/21    CNY     66.21
SHANDONG BOXING COUNTY       8.00    12/22/21    CNY     41.95
SHANDONG BOXING COUNTY       8.00    12/22/21    CNY     40.93
SHANDONG CENTURY SUNSHI      8.19    07/21/21    CNY     20.63
SHANDONG CENTURY SUNSHI      8.19    07/21/21    CNY     20.62
SHANDONG FUYU CHEMICAL       7.70    09/18/22    CNY     70.00
SHANDONG GAOCHUANG CONS      6.05    06/18/22    CNY     42.45
SHANDONG GAOCHUANG CONS      6.05    06/18/22    CNY     40.75
SHANDONG HONGHE HOLDING      8.50    06/23/21    CNY     24.00
SHANDONG HONGHE HOLDING      8.50    06/23/21    CNY     20.10
SHANDONG JINMAO TEXTILE      8.00    09/25/20    CNY     35.84
SHANDONG JINMAO TEXTILE      6.97    04/01/21    CNY     20.70
SHANDONG RENCHENG RONGX      7.30    10/18/20    CNY     23.40
SHANDONG RENCHENG RONGX      7.30    10/18/20    CNY     20.01
SHANDONG RUYI TECHNOLOG      7.90    09/18/23    CNY     52.10
SHANDONG SNTON GROUP CO      6.20    05/30/21    CNY      9.50
SHANDONG SNTON GROUP CO      5.18    09/08/21    CNY      8.52
SHANDONG TAIYANG INDUST      5.97    03/02/21    CNY     42.86
SHANDONG TENGJIAN INVES      6.00    06/08/22    CNY     40.45
SHANDONG TENGJIAN INVES      6.00    06/08/22    CNY     40.00
SHANDONG WANTONG PETROL      7.97    11/29/21    CNY      6.45
SHANGHAI CAOHEJING HI-T      7.24    04/09/21    CNY     20.32
SHANGHAI CAOHEJING HI-T      7.24    04/09/21    CNY     20.31
SHANGHAI JIADING ROAD C      6.80    04/23/21    CNY     20.75
SHANGHAI JIADING ROAD C      6.80    04/23/21    CNY     20.33
SHANGHAI LAKE DIANSHAN       5.95    01/30/21    CNY     25.13
SHANGHAI LAKE DIANSHAN       5.95    01/30/21    CNY     25.10
SHANGHAI MINHANG URBAN       5.63    04/20/22    CNY     40.79
SHANGHAI MINHANG URBAN       5.63    04/20/22    CNY     40.78
SHANGHAI MUNICIPAL INVE      4.80    11/05/24    CNY     71.38
SHANGHAI NANHUI URBAN C      6.04    08/20/21    CNY     20.44
SHANGHAI NANHUI URBAN C      6.04    08/20/21    CNY     20.30
SHANGHAI PUTAILAI NEW E      5.50    03/19/21    CNY     66.67
SHANGHAI URBAN CONSTRUC      3.50    01/06/23    CNY     61.07
SHANGHAI URBAN CONSTRUC      3.50    01/06/23    CNY     59.50
SHANGRAO CITY STATE-OWN      4.65    01/29/23    CNY     60.58
SHANGRAO CITY STATE-OWN      4.65    01/29/23    CNY     60.28
SHANTOU CITY CONSTRUCTI      8.57    03/23/22    CNY     31.42
SHANTOU CITY CONSTRUCTI      8.57    03/23/22    CNY     31.40
SHANTOU INVESTMENT HOLD      7.99    03/04/24    CNY     64.40
SHANTOU INVESTMENT HOLD      7.99    03/04/24    CNY     64.10
SHANXI INTERNATIONAL EL      5.88    05/24/22    CNY     61.00
SHANXI XIANG KUANG GROU      8.80    02/11/22    CNY     72.44
SHANXI XIANG KUANG GROU      8.80    02/11/22    CNY     54.50
SHAOWU URBAN CONSTRUCTI      5.88    09/11/22    CNY     43.39
SHAOWU URBAN CONSTRUCTI      5.88    09/11/22    CNY     40.15
SHAOXING CHENGZHONGCUN       6.09    04/27/22    CNY     40.83
SHAOXING CHENGZHONGCUN       6.09    04/27/22    CNY     40.30
SHAOXING CITY INVESTMEN      5.75    04/17/22    CNY     48.00
SHAOXING CITY INVESTMEN      5.75    04/17/22    CNY     40.88
SHAOXING CITY KEQIAO DI      6.40    08/20/21    CNY     20.48
SHAOXING CITY KEQIAO DI      6.40    08/20/21    CNY     20.35
SHAOXING JINGHU NEW DIS      6.13    04/30/22    CNY     40.76
SHAOXING JINGHU NEW DIS      6.13    04/30/22    CNY     40.70
SHAOXING KEQIAO CITY CO      3.64    09/19/23    CNY     59.28
SHAOXING KEQIAO CITY CO      3.64    09/19/23    CNY     58.86
SHAOXING KEQIAO ECONOMI      7.00    12/10/21    CNY     40.89
SHAOXING KEQIAO ECONOMI      7.00    12/10/21    CNY     40.00
SHAOXING KEYAN CONSTRUC      6.28    03/24/22    CNY     40.84
SHAOXING KEYAN CONSTRUC      6.28    03/24/22    CNY     40.00
SHAOXING PAOJIANG INDUS      6.98    05/29/21    CNY     23.90
SHAOXING PAOJIANG INDUS      6.98    05/29/21    CNY     20.37
SHAOXING SHANGYU ECONOM      4.76    04/11/23    CNY     60.93
SHAOXING SHANGYU ECONOM      4.76    04/11/23    CNY     60.27
SHAOXING SHANGYU HANGZH      6.95    10/11/20    CNY     20.55
SHAOXING SHANGYU HANGZH      6.95    10/11/20    CNY     20.00
SHAOXING SHANGYU URBAN       6.80    08/07/21    CNY     21.15
SHAOXING SHANGYU URBAN       6.80    08/07/21    CNY     20.56
SHAOYANG CITY CONSTRUCT      8.58    01/17/21    CNY     20.30
SHAOYANG CITY CONSTRUCT      8.58    01/17/21    CNY     20.17
SHAOYANG DULIANG INVEST      5.50    04/13/23    CNY     59.65
SHAOYANG DULIANG INVEST      5.50    04/13/23    CNY     58.65
SHENGZHOU INVESTMENT HO      7.60    07/17/21    CNY     20.60
SHENGZHOU INVESTMENT HO      7.60    07/17/21    CNY     20.59
SHENMU CITY STATE-OWNED      7.28    06/23/21    CNY     20.60
SHENMU CITY STATE-OWNED      7.28    06/23/21    CNY     20.36
SHENYANG DADONG STATE-O      6.05    03/20/22    CNY     40.55
SHENYANG DADONG STATE-O      6.05    03/20/22    CNY     40.00
SHENYANG ECONOMIC AFFOR      7.17    04/29/22    CNY     40.05
SHENYANG ECONOMIC AFFOR      7.17    04/29/22    CNY     31.87
SHENYANG TIEXI STATE-OW      6.00    01/14/22    CNY     47.50
SHENYANG TIEXI STATE-OW      6.00    01/14/22    CNY     40.47
SHENZHEN METRO GROUP CO      6.75    01/24/24    CNY     63.07
SHENZHEN METRO GROUP CO      5.40    03/25/23    CNY     46.15
SHENZHEN METRO GROUP CO      5.40    03/25/23    CNY     46.03
SHIJIAZHUANG HUTUO NEW       5.28    12/24/25    CNY     62.70
SHIJIAZHUANG HUTUO NEW       5.28    12/24/25    CNY     62.50
SHIJIAZHUANG STATE-OWNE      5.75    04/09/22    CNY     47.20
SHIJIAZHUANG STATE-OWNE      5.75    04/09/22    CNY     40.78
SHIJIAZHUANG URBAN CONS      6.55    03/09/21    CNY     40.51
SHISHI CITY CONSTRUCTIO      6.10    05/04/22    CNY     40.87
SHIYAN ECO DEVELOPMENT       3.98    08/05/23    CNY     59.57
SHIYAN ECO DEVELOPMENT       3.98    08/05/23    CNY     59.03
SHIYAN STATE-OWNED CAPI      6.88    10/11/20    CNY     20.68
SHIYAN STATE-OWNED CAPI      6.58    08/20/21    CNY     20.50
SHIYAN STATE-OWNED CAPI      6.58    08/20/21    CNY     20.00
SHIYAN STATE-OWNED CAPI      6.88    10/11/20    CNY     19.99
SHOUGUANG CITY CONSTRUC      7.10    10/18/20    CNY     22.87
SHOUGUANG CITY CONSTRUC      7.10    10/18/20    CNY     20.01
SHUCHENG COUNTY URBAN C      5.50    04/29/23    CNY     61.11
SHUCHENG COUNTY URBAN C      5.50    04/29/23    CNY     61.10
SHUYANG JINGYUAN ASSET       5.49    09/11/22    CNY     46.00
SHUYANG JINGYUAN ASSET       5.49    09/11/22    CNY     40.54
SHUYANG JINGYUAN ASSET       7.39    04/14/21    CNY     20.33
SHUYANG JINGYUAN ASSET       7.39    04/14/21    CNY     20.00
SICHUAN COAL GASIFICATI      7.00    04/18/23    CNY     60.49
SICHUAN COAL INDUSTRY G      7.70    01/09/18    CNY     45.00
SICHUAN LANGZHONG FAMOU      5.60    04/19/23    CNY     59.75
SICHUAN LANGZHONG FAMOU      5.60    04/19/23    CNY     59.56
SICHUAN LONGYANG TIANFU      5.45    05/27/23    CNY     60.31
SICHUAN LONGYANG TIANFU      5.45    05/27/23    CNY     60.16
SICHUAN NAXING INDUSTRI      4.68    03/31/23    CNY     59.00
SICHUAN NAXING INDUSTRI      4.68    03/31/23    CNY     58.79
SICHUAN NAXING INDUSTRI      6.80    08/18/22    CNY     50.67
SICHUAN NAXING INDUSTRI      6.80    08/18/22    CNY     50.66
SICHUAN NAXING INDUSTRI      7.17    09/11/21    CNY     20.44
SICHUAN NAXING INDUSTRI      7.17    09/11/21    CNY     20.32
SICHUAN TIANYIN INDUSTR      6.79    03/25/22    CNY     48.00
SICHUAN TIANYIN INDUSTR      6.79    03/25/22    CNY     40.64
SIHONG COUNTY HONG YUAN      6.15    03/16/22    CNY     40.59
SIHONG COUNTY HONG YUAN      6.15    03/16/22    CNY     40.00
SIHUI STATE OWNED ASSET      4.59    01/14/23    CNY     59.58
SIHUI STATE OWNED ASSET      4.59    01/14/23    CNY     59.11
SIYANG COUNTY MINKANG R      4.94    01/21/23    CNY     60.56
SIYANG COUNTY MINKANG R      4.94    01/21/23    CNY     60.01
SLENDER WEST LAKE TOURI      6.80    06/25/21    CNY     20.47
SLENDER WEST LAKE TOURI      6.80    06/25/21    CNY     20.00
SONGYUAN URBAN DEVELOPM      5.79    12/04/21    CNY     40.78
SONGYUAN URBAN DEVELOPM      5.79    12/04/21    CNY     39.98
SUINING CITY HEDONG DEV      8.36    04/17/21    CNY     27.82
SUINING CITY HEDONG DEV      8.36    04/17/21    CNY     20.39
SUINING COUNTY RUNQI IN      5.42    11/20/22    CNY     60.49
SUINING COUNTY RUNQI IN      5.42    11/20/22    CNY     60.00
SUINING COUNTY RUNQI IN      7.10    06/25/21    CNY     20.42
SUINING COUNTY RUNQI IN      7.10    06/25/21    CNY     20.30
SUINING FUYUAN INDUSTRY      6.39    03/17/22    CNY     44.18
SUINING FUYUAN INDUSTRY      6.39    03/17/22    CNY     40.82
SUINING KAIDA INVESTMEN      4.89    04/08/23    CNY     59.14
SUINING KAIDA INVESTMEN      4.89    04/08/23    CNY     58.64
SUINING KAIDA INVESTMEN      8.69    04/21/21    CNY     20.34
SUINING KAIDA INVESTMEN      8.69    04/21/21    CNY     20.00
SUIZHOU DEVELOPMENT INV      8.50    12/20/20    CNY     21.83
SUIZHOU DEVELOPMENT INV      8.40    04/30/21    CNY     20.71
SUIZHOU DEVELOPMENT INV      8.40    04/30/21    CNY     20.45
SUIZHOU DEVELOPMENT INV      8.50    12/20/20    CNY     20.17
SUIZHOU HIGH-TECH INDUS      4.47    03/25/23    CNY     58.84
SUIZHOU HIGH-TECH INDUS      4.47    03/25/23    CNY     58.81
SUIZHOU URBAN CONSTRUCT      7.18    09/02/21    CNY     21.20
SUIZHOU URBAN CONSTRUCT      7.18    09/02/21    CNY     20.58
SUIZHOU YULONG WATER SU      6.10    03/28/23    CNY     59.77
SUQIAN CITY CONSTRUCTIO      6.88    10/29/20    CNY     20.26
SUQIAN CITY CONSTRUCTIO      6.88    10/29/20    CNY     20.03
SUZHOU CITY CONSTRUCTIO      3.89    03/24/23    CNY     60.08
SUZHOU CITY CONSTRUCTIO      3.89    03/24/23    CNY     60.07
SUZHOU CITY HENGCHENG C      4.40    03/01/23    CNY     61.37
SUZHOU CITY HENGCHENG C      4.40    03/01/23    CNY     60.23
SUZHOU FENHU INVESTMENT      7.49    02/28/21    CNY     20.20
SUZHOU FENHU INVESTMENT      7.49    02/28/21    CNY     20.19
SUZHOU NEW & HIGH-TECH       4.18    03/23/23    CNY     59.55
SUZHOU NEW & HIGH-TECH       4.18    03/23/23    CNY     58.82
SUZHOU NEW DISTRICT ECO      6.20    07/22/21    CNY     20.45
SUZHOU NEW DISTRICT ECO      6.20    07/22/21    CNY     20.35
SUZHOU WUJIANG COMMUNIC      6.80    10/31/20    CNY     25.53
SUZHOU WUJIANG COMMUNIC      6.80    10/31/20    CNY     25.04
SUZHOU WUJIANG DISTRICT      5.25    07/08/22    CNY     40.58
SUZHOU XIANGCHENG URBAN      6.95    03/19/21    CNY     22.60
SUZHOU XIANGCHENG URBAN      6.95    03/19/21    CNY     20.35
TAIAN TAISHAN HOLDINGS       5.50    04/26/23    CNY     60.68
TAIAN TAISHAN HOLDINGS       5.50    04/26/23    CNY     59.63
TAICANG ASSETS MANAGEME      7.00    02/27/21    CNY     20.20
TAICANG ASSETS MANAGEME      7.00    02/27/21    CNY     20.20
TAICANG SCIENCE EDUCATI      5.54    08/28/22    CNY     44.65
TAICANG SCIENCE EDUCATI      5.54    08/28/22    CNY     40.91
TAIXING CITY CHENGXING       8.30    12/12/20    CNY     20.10
TAIXING CITY CHENGXING       8.30    12/12/20    CNY     19.85
TAIXING CITY HONGQIAO Y      5.03    10/29/22    CNY     63.87
TAIXING CITY HONGQIAO Y      5.03    10/29/22    CNY     59.90
TAIYUAN ECONOMIC TECHNO      7.43    04/24/21    CNY     20.28
TAIYUAN HIGH-SPEED RAIL      6.50    10/30/20    CNY     25.04
TAIYUAN STATE-OWNED INV      7.20    03/19/21    CNY     26.50
TAIYUAN STATE-OWNED INV      7.20    03/19/21    CNY     20.24
TAIZHOU CITY CONSTRUCTI      6.92    10/16/23    CNY     62.68
TAIZHOU CITY CONSTRUCTI      6.92    10/16/23    CNY     62.10
TAIZHOU HAILING CITY DE      4.60    12/14/22    CNY     60.13
TAIZHOU JIAOJIANG STATE      6.18    07/06/22    CNY     44.00
TAIZHOU JIAOJIANG STATE      6.18    07/06/22    CNY     41.19
TAIZHOU JINDONG URBAN C      5.10    06/02/23    CNY     60.26
TAIZHOU JINDONG URBAN C      5.10    06/02/23    CNY     60.10
TAIZHOU XINBINJIANG DEV      7.60    03/05/21    CNY     21.00
TAIZHOU XINBINJIANG DEV      7.60    03/05/21    CNY     20.27
TAIZHOU XINTAI GROUP CO      4.07    03/23/23    CNY     60.26
TAIZHOU XINTAI GROUP CO      4.07    03/23/23    CNY     59.95
TANGSHAN CAOFEIDIAN DEV      7.50    10/15/20    CNY     20.03
TIANJIN BAOXING INDUSTR      7.10    10/17/20    CNY     19.99
TIANJIN BEICHEN DISTRIC      7.00    04/21/21    CNY     27.15
TIANJIN BEICHEN DISTRIC      7.00    04/21/21    CNY     20.23
TIANJIN BEICHEN TECHNOL      6.87    08/20/21    CNY     27.00
TIANJIN BEICHEN TECHNOL      6.87    08/20/21    CNY     20.06
TIANJIN BINHAI NEW AREA      6.10    11/23/21    CNY     42.65
TIANJIN BOHAI STATE-OWN      3.82    04/18/23    CNY     59.69
TIANJIN BOHAI STATE-OWN      3.82    04/18/23    CNY     59.64
TIANJIN DONGFANG CAIXIN      5.19    01/29/22    CNY     40.17
TIANJIN DONGFANG CAIXIN      5.19    01/29/22    CNY     39.59
TIANJIN DONGLI CITY INF      4.28    12/02/22    CNY     59.62
TIANJIN ECONOMIC TECHNO      6.50    12/03/22    CNY     46.30
TIANJIN ECONOMIC TECHNO      6.50    12/03/22    CNY     45.54
TIANJIN GUANGCHENG INVE      5.40    04/20/23    CNY     59.28
TIANJIN GUANGCHENG INVE      5.40    04/20/23    CNY     58.01
TIANJIN GUANGCHENG INVE      6.97    02/22/23    CNY     44.67
TIANJIN GUANGCHENG INVE      6.97    02/22/23    CNY     40.01
TIANJIN GUANGCHENG INVE      7.45    07/24/21    CNY     29.00
TIANJIN GUANGCHENG INVE      7.45    07/24/21    CNY     20.02
TIANJIN HARBOR CONSTRUC      6.29    10/21/21    CNY     70.11
TIANJIN HARBOR CONSTRUC      8.00    04/01/21    CNY     40.55
TIANJIN HARBOR CONSTRUC      8.80    01/24/21    CNY     40.46
TIANJIN HI-TECH INDUSTR      6.65    09/12/21    CNY     20.30
TIANJIN HI-TECH INDUSTR      6.65    09/12/21    CNY     19.99
TIANJIN HUANCHENG URBAN      5.75    04/27/22    CNY     41.70
TIANJIN HUANCHENG URBAN      5.75    04/27/22    CNY     40.61
TIANJIN HUANCHENG URBAN      7.20    03/21/21    CNY     20.35
TIANJIN HUANCHENG URBAN      7.20    03/21/21    CNY     20.20
TIANJIN INFRASTRUCTURE       5.70    02/26/23    CNY     46.00
TIANJIN INFRASTRUCTURE       5.70    02/26/23    CNY     45.81
TIANJIN JINNAN CITY CON      6.50    06/03/21    CNY     20.29
TIANJIN JINNAN CITY CON      6.50    06/03/21    CNY     20.00
TIANJIN LINGANG INVESTM      7.75    02/26/21    CNY     20.21
TIANJIN LINGANG INVESTM      7.75    02/26/21    CNY     20.11
TIANJIN NINGHE DISTRICT      7.00    05/30/21    CNY     27.50
TIANJIN NINGHE DISTRICT      7.00    05/30/21    CNY     20.21
TIANJIN NINGHE INVESTME      5.50    04/22/23    CNY     60.60
TIANJIN NINGHE INVESTME      5.50    04/22/23    CNY     60.15
TIANJIN RAILWAY CONSTRU      5.58    04/13/25    CNY     72.49
TIANJIN REAL ESTATE TRU      8.59    03/13/21    CNY     19.50
TIANJIN RESIDENTIAL CON      8.00    12/19/20    CNY     20.03
TIANJIN STATE-OWNED CAP      1.60    12/17/39    USD     74.35
TIANJIN WATER INVESTMEN      8.40    01/15/21    CNY     25.04
TIANJIN WATER INVESTMEN      6.60    07/28/21    CNY     21.80
TIANJIN WATER INVESTMEN      6.60    07/28/21    CNY     19.33
TIANJIN WUQING STATE-OW      4.15    11/17/22    CNY     60.04
TIANJIN WUQING STATE-OW      4.15    11/17/22    CNY     59.90
TIANJIN WUQING STATE-OW      8.00    12/17/20    CNY     20.76
TIANJIN WUQING STATE-OW      7.18    03/19/21    CNY     20.42
TIANJIN WUQING STATE-OW      7.18    03/19/21    CNY     20.19
TIANJIN WUQING STATE-OW      8.00    12/17/20    CNY     20.16
TIANMEN CITY CONSTRUCTI      8.20    08/28/21    CNY     25.16
TIANMEN CITY CONSTRUCTI      8.20    08/28/21    CNY     20.77
TONGLING CONSTRUCTION I      4.12    03/14/23    CNY     60.00
TONGLING CONSTRUCTION I      4.12    03/14/23    CNY     59.88
TONGLU STATE-OWNED ASSE      8.09    04/18/21    CNY     20.98
TONGLU STATE-OWNED ASSE      8.09    04/18/21    CNY     20.42
TSINGHUA UNIGROUP CO LT      5.85    03/27/22    CNY     64.81
TSINGHUA UNIGROUP CO LT      5.20    12/10/23    CNY     59.90
TULUFAN DISTRICT STATE-      6.20    03/19/22    CNY     41.38
TULUFAN DISTRICT STATE-      6.20    03/19/22    CNY     40.68
TUNGHSU GROUP CO LTD         6.55    03/13/22    CNY     45.00
ULANQAB CITY INVESTMENT      8.39    04/25/22    CNY     51.26
ULANQAB JINING DISTRICT      6.16    03/24/23    CNY     59.77
ULANQAB JINING DISTRICT      6.16    03/24/23    CNY     59.13
URUMQI ECO&TECH DEVELOP      6.40    04/13/22    CNY     40.92
URUMQI ECO&TECH DEVELOP      6.40    04/13/22    CNY     40.00
WAFANGDIAN COASTAL PROJ      3.98    02/01/23    CNY     58.84
WAFANGDIAN COASTAL PROJ      3.98    02/01/23    CNY     58.28
WANGCHENG ECONOMIC DEVE      3.75    07/13/23    CNY     61.05
WANGCHENG ECONOMIC DEVE      3.75    07/13/23    CNY     61.02
WANGCHENG ECONOMIC DEVE      6.57    01/22/22    CNY     48.81
WANGCHENG ECONOMIC DEVE      6.57    01/22/22    CNY     40.81
WEICHI HOLDING GROUP CO      5.40    12/21/20    CNY     60.00
WEIFANG BINHAI INVESTME      6.16    04/16/21    CNY     25.22
WEIHAI LANCHUANG CONSTR      4.80    12/17/22    CNY     59.59
WEIHAI LANCHUANG CONSTR      4.80    12/17/22    CNY     59.39
WEIHAI URBAN CONSTRUCTI      3.33    03/02/23    CNY     59.44
WEIHAI URBAN CONSTRUCTI      3.33    03/02/23    CNY     58.40
WEIHAI WENDENG URBAN PR      4.80    05/26/23    CNY     59.33
WEIHAI WENDENG URBAN PR      4.80    05/26/23    CNY     58.97
WEINAN CITY INVESTMENT       6.09    03/11/22    CNY     40.67
WEINAN CITY INVESTMENT       6.09    03/11/22    CNY     40.00
WENDENG GOLDEN BEACH IN      3.97    03/21/23    CNY     59.27
WENDENG GOLDEN BEACH IN      3.97    03/21/23    CNY     59.20
WENSHAN URBAN CONSTRUCT      4.50    09/13/23    CNY     58.80
WENSHAN URBAN CONSTRUCT      4.50    09/13/23    CNY     58.54
WENZHOU CITY CONSTRUCTI      5.00    04/26/23    CNY     61.07
WENZHOU CITY CONSTRUCTI      5.00    04/26/23    CNY     60.99
WENZHOU CITY CONSTRUCTI      4.05    01/25/23    CNY     59.78
WENZHOU CITY CONSTRUCTI      4.05    01/25/23    CNY     59.57
WENZHOU GANGCHENG DEVEL      5.19    03/29/23    CNY     61.87
WENZHOU GANGCHENG DEVEL      5.19    03/29/23    CNY     60.91
WENZHOU HIGH-TECH INDUS      7.30    05/30/21    CNY     20.60
WENZHOU HIGH-TECH INDUS      7.95    03/21/21    CNY     20.46
WENZHOU HIGH-TECH INDUS      7.95    03/21/21    CNY     20.38
WENZHOU HIGH-TECH INDUS      7.30    05/30/21    CNY     20.35
WENZHOU LUCHENG CITY DE      5.58    11/03/21    CNY     40.31
WENZHOU LUCHENG CITY DE      5.58    11/03/21    CNY     40.20
WINTIME ENERGY CO LTD        7.50    04/04/21    CNY     43.63
WINTIME ENERGY CO LTD        7.90    03/29/21    CNY     43.63
WINTIME ENERGY CO LTD        7.90    12/22/20    CNY     43.63
WINTIME ENERGY CO LTD        7.50    12/06/20    CNY     43.63
WINTIME ENERGY CO LTD        7.50    11/16/20    CNY     43.63
WINTIME ENERGY CO LTD        7.70    11/15/20    CNY     43.63
WINTIME ENERGY CO LTD        7.00    04/26/19    CNY     43.63
WINTIME ENERGY CO LTD        7.00    03/19/19    CNY     43.63
WINTIME ENERGY CO LTD        7.00    12/15/18    CNY     43.63
WINTIME ENERGY CO LTD        6.78    10/23/18    CNY     43.63
WINTIME ENERGY CO LTD        7.00    08/25/18    CNY     43.63
WINTIME ENERGY CO LTD        7.30    08/06/18    CNY     43.63
WINTIME ENERGY CO LTD        7.00    07/05/18    CNY     43.63
WUHAI CITY CONSTRUCTION      8.19    04/21/21    CNY     20.32
WUHAI CITY CONSTRUCTION      8.19    04/21/21    CNY      5.42
WUHAN CHEDU CORP LTD         7.18    02/27/21    CNY     20.96
WUHAN CHEDU CORP LTD         7.18    02/27/21    CNY     20.21
WUHAN CITY HUANPI DISTR      6.43    09/17/21    CNY     23.02
WUHAN CITY HUANPI DISTR      6.43    09/17/21    CNY     20.46
WUHAN JIANGXIA URBAN CO      4.80    06/03/23    CNY     60.69
WUHAN JIANGXIA URBAN CO      4.80    06/03/23    CNY     60.50
WUHAN JIANGXIA URBAN CO      8.99    01/20/21    CNY     20.24
WUHAN METRO GROUP CO LT      5.25    04/14/22    CNY     40.36
WUHAN QIAOKOU STATE OWN      3.48    08/29/23    CNY     59.17
WUHAN QIAOKOU STATE OWN      3.48    08/29/23    CNY     58.93
WUHU COMMUNICATIONS INV      4.50    04/28/23    CNY     59.79
WUHU COMMUNICATIONS INV      4.50    04/28/23    CNY     59.76
WUHU COMMUNICATIONS INV      3.58    09/23/23    CNY     58.83
WUHU COMMUNICATIONS INV      3.58    09/23/23    CNY     58.60
WUHU COUNTY CONSTRUCTIO      6.60    12/08/21    CNY     46.35
WUHU COUNTY CONSTRUCTIO      6.60    12/08/21    CNY     40.72
WUHU JINGHU CONSTRUCTIO      4.37    07/20/23    CNY     59.64
WUHU JINGHU CONSTRUCTIO      4.37    07/20/23    CNY     59.63
WUHU JIUJIANG CONSTRUCT      3.96    03/21/23    CNY     59.55
WUHU JIUJIANG CONSTRUCT      8.49    04/14/21    CNY     20.48
WUHU JIUJIANG CONSTRUCT      8.49    04/14/21    CNY     20.00
WUHU XINMA INVESTMENT C      4.87    11/04/22    CNY     60.36
WUHU XINMA INVESTMENT C      4.87    11/04/22    CNY     59.80
WUHU YIJU INVESTMENT GR      6.45    08/11/21    CNY     21.45
WUHU YIJU INVESTMENT GR      6.45    08/11/21    CNY     20.48
WUWEI CITY ECONOMY DEVE      8.20    12/09/20    CNY     20.40
WUWEI CITY ECONOMY DEVE      8.20    04/24/21    CNY     20.26
WUWEI CITY ECONOMY DEVE      8.20    04/24/21    CNY     20.10
WUWEI CITY ECONOMY DEVE      8.20    12/09/20    CNY     20.08
WUXI HUIKAI ECONOMIC DE      4.16    04/08/23    CNY     60.01
WUXI HUIKAI ECONOMIC DE      4.16    04/08/23    CNY     59.83
WUXI HUNING METRO HUISH      4.38    06/08/21    CNY     40.45
WUXI HUNING METRO HUISH      4.38    06/08/21    CNY     40.08
WUXI MUNICIPAL DEVELOPM      6.10    10/11/20    CNY     20.00
WUXI TAIHU NEW CITY DEV      4.49    05/03/23    CNY     60.70
WUXI TAIHU NEW CITY DEV      4.49    05/03/23    CNY     60.63
WUXI TAIHU NEW CITY DEV      3.47    08/29/23    CNY     59.50
WUXI TAIHU NEW CITY DEV      3.47    08/29/23    CNY     59.27
WUYANG CONSTRUCTION GRO      7.80    09/11/20    CNY     32.48
WUZHONG URBAN RURAL CON      7.18    10/12/20    CNY     20.01
WUZHONG URBAN RURAL CON      7.18    10/12/20    CNY     20.00
XIAMEN TORCH GROUP CO L      7.49    04/21/21    CNY     24.88
XIAMEN TORCH GROUP CO L      7.49    04/21/21    CNY     20.33
XIAN FENGDONG DEVELOPME      4.67    01/08/23    CNY     59.94
XIAN FENGDONG DEVELOPME      4.67    01/08/23    CNY     59.71
XI'AN INTERNATIONAL HOR      6.20    10/21/21    CNY     41.46
XI'AN INTERNATIONAL HOR      6.20    10/21/21    CNY     40.46
XI'AN INTERNATIONAL INL      7.90    09/23/21    CNY     22.28
XIANGSHUI GUANJIANG HOL      4.98    12/24/22    CNY     63.20
XIANGSHUI GUANJIANG HOL      4.98    12/24/22    CNY     60.52
XIANGTAN CITY CONSTRUCT      7.60    04/02/22    CNY     62.66
XIANGTAN CITY CONSTRUCT      7.80    01/30/22    CNY     62.42
XIANGTAN CITY CONSTRUCT      7.80    03/12/22    CNY     62.00
XIANGTAN CITY'S CONSTRU      3.60    08/04/23    CNY     58.87
XIANGTAN CITY'S CONSTRU      3.95    08/04/23    CNY     57.44
XIANGTAN CITY'S CONSTRU      3.95    08/04/23    CNY     56.78
XIANGTAN HI-TECH GROUP       8.16    02/25/21    CNY     28.99
XIANGTAN HI-TECH GROUP       8.16    02/25/21    CNY     20.12
XIANGTAN JIUHUA ECONOMI      5.00    07/25/26    CNY     62.63
XIANGTAN JIUHUA ECONOMI      6.59    01/21/22    CNY     39.12
XIANGTAN JIUHUA ECONOMI      7.15    10/15/20    CNY     19.99
XIANGTAN JIUHUA ECONOMI      7.15    10/15/20    CNY     19.95
XIANGTAN LIANGXING SOCI      7.89    04/23/21    CNY     20.16
XIANGTAN LIANGXING SOCI      7.89    04/23/21    CNY     20.10
XIANGTAN WANLOU XINCHEN      6.90    01/14/22    CNY     39.90
XIANGTAN WANLOU XINCHEN      6.90    01/14/22    CNY     35.49
XIANGXIANG ECONOMIC DIS      5.28    09/09/23    CNY     57.72
XIANGXIANG ECONOMIC DIS      5.28    09/09/23    CNY     57.30
XIANGXIANG URBAN CONSTR      5.84    05/18/23    CNY     60.61
XIANGXIANG URBAN CONSTR      5.84    05/18/23    CNY     59.72
XIANGYANG CITY XIANGZHO      5.18    04/28/23    CNY     60.77
XIANGYANG CITY XIANGZHO      5.18    04/28/23    CNY     60.65
XIANGYANG HIGH TECH STA      7.00    05/29/21    CNY     23.38
XIANGYANG HIGH TECH STA      7.00    05/29/21    CNY     20.35
XIANGYANG STATE-OWNED C      4.62    01/25/23    CNY     59.79
XIANGYANG STATE-OWNED C      4.62    01/25/23    CNY     59.78
XIANNING HIGH-TECH INVE      6.29    02/10/22    CNY     40.71
XIANNING HIGH-TECH INVE      6.29    02/10/22    CNY     40.56
XIANTAO CITY CONSTRUCTI      4.59    04/18/23    CNY     60.29
XIANTAO CITY CONSTRUCTI      4.59    04/18/23    CNY     59.73
XIANTAO CITY CONSTRUCTI      8.15    02/24/21    CNY     20.38
XIAOGAN GAOCHUANG INVES      7.43    06/23/21    CNY     32.72
XIAOGAN GAOCHUANG INVES      6.87    09/22/21    CNY     26.69
XIAOGAN GAOCHUANG INVES      6.87    09/22/21    CNY     20.22
XIAOGAN GAOCHUANG INVES      7.43    06/23/21    CNY     20.18
XIAOGAN URBAN CONSTRUCT      3.94    07/05/21    CNY     62.99
XIAOGAN URBAN CONSTRUCT      6.89    05/29/21    CNY     20.40
XIAOGAN URBAN CONSTRUCT      6.89    05/29/21    CNY     20.38
XIAOXIAN COUNTY DEVELOP      4.85    06/22/23    CNY     60.63
XIAOXIAN COUNTY DEVELOP      4.85    06/22/23    CNY     60.45
XINDONGGANG HOLDING GRO      5.53    04/27/23    CNY     60.54
XINDONGGANG HOLDING GRO      5.53    04/27/23    CNY     60.16
XINGAN COUNTY URBAN CON      5.48    08/03/23    CNY     57.92
XINGAN COUNTY URBAN CON      5.48    08/03/23    CNY     57.88
XINGAN LEAGUE URBAN DEV      6.18    12/21/22    CNY     42.59
XINGAN LEAGUE URBAN DEV      6.18    12/21/22    CNY     42.05
XINGHUA CITY ECONOMIC D      5.28    06/13/22    CNY     49.89
XINGHUA CITY ECONOMIC D      5.28    06/13/22    CNY     49.63
XINGYI XINHENG URBAN CO      5.40    12/16/22    CNY     60.00
XINGYI XINHENG URBAN CO      5.40    12/16/22    CNY     58.63
XINJIANG KAIDI INVESTME      7.80    04/22/21    CNY     21.35
XINJIANG KAIDI INVESTME      7.80    04/22/21    CNY     20.16
XINMI CAIYUAN CITY CONS      4.35    02/28/23    CNY     60.76
XINMI CAIYUAN CITY CONS      4.35    02/28/23    CNY     60.07
XINMIN CITY LUXIN MUNIC      6.41    07/29/21    CNY     13.94
XINMIN CITY LUXIN MUNIC      6.41    07/29/21    CNY     13.94
XINTAI CITY COORDINATIN      6.35    03/23/22    CNY     40.75
XINTAI CITY COORDINATIN      6.35    03/23/22    CNY     40.37
XINYANG HUAXIN INVESTME      7.55    04/15/21    CNY     26.30
XINYANG HUAXIN INVESTME      7.55    04/15/21    CNY     20.25
XINYI CITY INVESTMENT &      4.30    01/19/23    CNY     60.00
XINYI CITY INVESTMENT &      4.30    01/19/23    CNY     59.57
XINYI CITY INVESTMENT &      7.39    10/15/20    CNY     20.32
XINYI CITY INVESTMENT &      7.39    10/15/20    CNY     20.01
XINYI URBAN TRANSPORTAT      6.14    02/06/22    CNY     41.53
XINYI URBAN TRANSPORTAT      6.14    02/06/22    CNY     40.77
XINYU CHENGDONG CONSTRU      8.48    05/27/21    CNY     20.33
XINYU CITY SHANTYTOWN Z      6.42    12/09/20    CNY     40.05
XINYU CITY YUSHUI DISTR      7.70    06/24/22    CNY     41.56
XINYU CITY YUSHUI DISTR      7.70    06/24/22    CNY     41.39
XINZHENG NEW DISTRICT D      6.40    01/29/21    CNY     25.13
XINZHOU ASSET MANAGEMEN      7.90    02/21/21    CNY     21.07
XINZHOU ASSET MANAGEMEN      7.90    02/21/21    CNY     20.29
XINZHOU ASSET MANAGEMEN      8.50    12/18/20    CNY     20.17
XINZHOU ASSET MANAGEMEN      8.50    12/18/20    CNY     20.08
XIUSHAN INDUSTRY DEVELO      5.85    04/14/23    CNY     60.00
XIUSHAN INDUSTRY DEVELO      5.85    04/14/23    CNY     60.00
XIWANG GROUP CO LTD          7.80    12/03/22    CNY     49.94
XUANCHENG CITY ECONOMY       7.95    09/22/21    CNY     26.00
XUANCHENG CITY ECONOMY       7.95    09/22/21    CNY     20.76
XUANCHENG STATE-OWNED A      4.12    04/07/23    CNY     60.23
XUANCHENG STATE-OWNED A      4.12    04/07/23    CNY     60.23
XUANCHENG STATE-OWNED A      7.95    03/27/21    CNY     26.00
XUANCHENG STATE-OWNED A      7.95    03/27/21    CNY     20.32
XUZHOU BOCHANT DEVELOPM      5.69    07/28/21    CNY     33.05
XUZHOU CITY JIAWANG CON      4.00    03/23/23    CNY     59.64
XUZHOU CITY TONGSHAN DI      5.23    09/18/22    CNY     41.00
XUZHOU CITY TONGSHAN DI      5.23    09/18/22    CNY     40.58
XUZHOU ECONOMIC TECHNOL      7.35    04/21/21    CNY     20.36
XUZHOU ECONOMIC TECHNOL      7.35    04/21/21    CNY     20.32
XUZHOU HI-TECH INDUSTRI      7.86    04/22/21    CNY     31.50
XUZHOU HI-TECH INDUSTRI      7.86    04/22/21    CNY     20.45
XUZHOU TRANSPORTATION H      7.09    05/15/21    CNY     21.00
XUZHOU TRANSPORTATION H      7.09    05/15/21    CNY     20.40
XUZHOU XINSHENG INVESTM      5.13    08/12/22    CNY     44.46
XUZHOU XINSHENG INVESTM      5.13    08/12/22    CNY     40.86
YANCHENG CITY TINGHU DI      7.95    11/15/20    CNY     20.05
YANCHENG CITY TINGHU DI      7.95    11/15/20    CNY     18.30
YANCHENG DAFENG DISTRIC      8.70    01/24/21    CNY     20.97
YANCHENG DAFENG DISTRIC      8.50    12/30/20    CNY     20.60
YANCHENG DAFENG DISTRIC      8.70    01/24/21    CNY     20.24
YANCHENG DAFENG DISTRIC      8.50    12/30/20    CNY     20.18
YANCHENG HIGH-TECH ZONE      3.90    12/14/22    CNY     60.06
YANCHENG ORIENTAL INVES      6.48    09/15/21    CNY     20.29
YANCHENG SOUTH DISTRICT      6.70    07/30/21    CNY     20.40
YANCHENG SOUTH DISTRICT      6.70    07/30/21    CNY     20.39
YANCHENG YANDU DISTRICT      3.67    03/17/23    CNY     59.47
YANCHENG YANDU DISTRICT      3.67    03/17/23    CNY     59.46
YANGJIANG HENGCAI CITY       6.24    04/14/22    CNY     41.20
YANGJIANG HENGCAI CITY       6.24    04/14/22    CNY     41.04
YANGZHONG TRANSPORTATIO      4.98    04/07/23    CNY     60.62
YANGZHONG TRANSPORTATIO      4.98    04/07/23    CNY     60.32
YANGZHONG TRANSPORTATIO      4.95    04/07/23    CNY     60.11
YANGZHONG TRANSPORTATIO      4.95    04/07/23    CNY     59.69
YANGZHOU CHEMICAL INDUS      8.58    01/24/21    CNY     26.00
YANGZHOU CHEMICAL INDUS      8.58    01/24/21    CNY     20.15
YANGZHOU ECONOMIC & TEC      7.40    03/05/21    CNY     40.63
YANGZHOU ECONOMIC & TEC      7.40    03/05/21    CNY     40.00
YANGZHOU GUANGLING NEW       3.62    09/07/23    CNY     58.00
YANGZHOU GUANGLING NEW       3.62    09/07/23    CNY     55.99
YANGZHOU HANJIANG CONST      5.88    06/15/22    CNY     46.63
YANGZHOU HANJIANG CONST      5.88    06/15/22    CNY     40.94
YI CHENG CONSTRUCTION I      5.44    04/27/23    CNY     60.07
YI ZHENG CITY DEVELOPME      4.63    01/08/23    CNY     60.07
YI ZHENG CITY DEVELOPME      4.63    01/08/23    CNY     60.00
YI ZHENG CITY DEVELOPME      8.60    01/09/21    CNY     29.30
YI ZHENG CITY DEVELOPME      8.60    01/09/21    CNY     20.14
YICHANG HIGH-TECH INVES      4.80    12/15/22    CNY     60.40
YICHANG HIGH-TECH INVES      4.80    12/15/22    CNY     60.00
YICHANG HIGH-TECH INVES      3.74    07/21/23    CNY     59.74
YICHANG HIGH-TECH INVES      3.74    07/21/23    CNY     58.85
YICHUN URBAN CONSTRUCTI      7.09    05/15/21    CNY     23.47
YICHUN URBAN CONSTRUCTI      7.09    05/15/21    CNY     20.40
YICHUN VENTURE CAPITAL       6.70    03/23/22    CNY     40.79
YICHUN VENTURE CAPITAL       6.70    03/23/22    CNY     40.61
YIHUA ENTERPRISE GROUP       7.00    04/29/22    CNY     54.00
YIHUA ENTERPRISE GROUP       6.80    03/15/21    CNY     47.99
YIHUA ENTERPRISE GROUP       5.99    11/26/20    CNY     30.00
YIHUA LIFESTYLE TECHNOL      6.88    07/16/20    CNY     35.90
YIHUA LIFESTYLE TECHNOL      6.88    07/23/20    CNY     35.00
YILI KAZAKH AUTONOMOUS       7.68    02/28/21    CNY     20.75
YILI KAZAKH AUTONOMOUS       7.68    02/28/21    CNY     20.31
YINCHUAN URBAN CONSTRUC      6.88    05/12/21    CNY     20.25
YINGKOU COASTAL DEVELOP      6.45    01/26/22    CNY     40.29
YINGKOU COASTAL DEVELOP      6.45    01/26/22    CNY     39.03
YINGKOU ECO & TECH DEVE      5.20    08/05/23    CNY     59.38
YINGKOU ECO & TECH DEVE      5.20    08/05/23    CNY     58.06
YINGKOU LAOBIAN CITY CO      4.98    03/11/23    CNY     60.00
YINGKOU LAOBIAN CITY CO      5.63    12/16/22    CNY     60.00
YINGKOU LAOBIAN CITY CO      4.98    03/11/23    CNY     58.90
YINGTAN LONGGANG ASSET       6.75    07/31/22    CNY     41.18
YINGTAN LONGGANG ASSET       6.75    07/31/22    CNY     40.20
YINGTAN STATE-OWNED ASS      7.50    12/12/22    CNY     46.58
YINGTAN STATE-OWNED ASS      7.50    12/12/22    CNY     46.56
YINGTAN STATE-OWNED ASS      3.63    08/12/21    CNY     39.98
YINING CITY STATE OWNED      5.37    09/24/22    CNY     39.31
YINING CITY STATE OWNED      8.90    01/23/21    CNY     29.95
YINING CITY STATE OWNED      8.90    01/23/21    CNY     20.26
YIWU CITY CONSTRUCTION       4.31    12/07/22    CNY     60.40
YIWU CITY CONSTRUCTION       4.31    12/07/22    CNY     60.27
YIWU URBAN & RURAL NEW       4.25    11/24/21    CNY     49.84
YIXING CITY CONSTRUCTIO      6.16    03/30/22    CNY     40.87
YIXING CITY CONSTRUCTIO      6.16    03/30/22    CNY     40.00
YIXING TUOYE INDUSTRIAL      7.60    05/28/21    CNY     23.50
YIXING TUOYE INDUSTRIAL      7.60    05/28/21    CNY     20.28
YIYANG ADVANCED INDUSTR      7.00    03/30/22    CNY     48.00
YIYANG ADVANCED INDUSTR      7.00    03/30/22    CNY     40.63
YIZHANG XINGYI CONSTRUC      5.49    09/02/24    CNY     69.26
YIZHANG XINGYI CONSTRUC      5.49    09/02/24    CNY     67.96
YONG ZHOU CITY CONSTRUC      7.30    10/23/20    CNY     20.03
YONGJIA INVESTMENT GROU      6.50    11/12/21    CNY     40.59
YONGJIA INVESTMENT GROU      6.50    11/12/21    CNY     40.00
YONGXING YINDU CONSTRUC      5.60    03/24/23    CNY     60.56
YONGXING YINDU CONSTRUC      5.60    03/24/23    CNY     60.56
YONGZHOU ECONOMIC CONST      3.55    01/14/23    CNY     60.50
YONGZHOU ECONOMIC CONST      3.55    01/14/23    CNY     59.43
YUANAN COUNTY QIFENG CI      5.50    05/27/23    CNY     60.56
YUANAN COUNTY QIFENG CI      5.50    05/27/23    CNY     60.02
YUEYANG CITY DONGTING N      6.15    03/20/22    CNY     40.15
YUEYANG CITY DONGTING N      6.15    03/20/22    CNY     40.06
YUEYANG HUILIN INVESTME      5.50    11/03/21    CNY     40.06
YUEYANG HUILIN INVESTME      5.50    11/03/21    CNY     40.00
YUEYANG YUNXI CITY CONS      6.00    07/08/23    CNY     60.10
YUEYANG YUNXI CITY CONS      6.00    07/08/23    CNY     58.99
YUHUAN CITY COMMUNICATI      5.65    11/03/21    CNY     44.50
YUHUAN CITY COMMUNICATI      6.18    03/20/22    CNY     44.47
YUHUAN CITY COMMUNICATI      5.65    11/03/21    CNY     40.40
YUHUAN CITY COMMUNICATI      6.18    03/20/22    CNY     40.37
YUHUAN CITY CONSTRUCTIO      5.10    05/03/23    CNY     61.01
YUHUAN CITY CONSTRUCTIO      5.10    05/03/23    CNY     60.23
YUNNAN METROPOLITAN CON      6.77    05/23/21    CNY     20.35
YUNNAN METROPOLITAN CON      6.77    05/23/21    CNY     19.80
YUYAO CITY CONSTRUCTION      7.09    05/19/21    CNY     20.46
YUZHOU GENERAL INVESTME      4.68    01/19/23    CNY     60.17
YUZHOU GENERAL INVESTME      4.68    01/19/23    CNY     60.00
ZAOYANG CITY CONSTRUCTI      5.50    03/22/23    CNY     60.58
ZAOYANG CITY CONSTRUCTI      5.50    03/22/23    CNY     60.13
ZHANGJIAGANG JINCHENG I      6.88    04/28/21    CNY     20.30
ZHANGJIAGANG JINCHENG I      6.88    04/28/21    CNY     20.30
ZHANGJIAJIE ECONOMIC DE      7.80    04/17/21    CNY     20.32
ZHANGQIU STATE OWNED AS      3.69    08/09/23    CNY     59.59
ZHANGQIU STATE OWNED AS      3.69    08/09/23    CNY     58.47
ZHANGSHU STATE-OWNED AS      4.80    06/22/23    CNY     62.67
ZHANGSHU STATE-OWNED AS      4.80    06/22/23    CNY     59.98
ZHANGYE CITY INVESTMENT      6.92    09/22/21    CNY     20.90
ZHANGYE CITY INVESTMENT      6.92    09/22/21    CNY     20.48
ZHANGZHOU ECONOMIC DEVE      6.17    04/27/22    CNY     40.80
ZHANGZHOU ECONOMIC DEVE      6.17    04/27/22    CNY     40.50
ZHANGZHOU JIULONGJIANG       6.48    06/20/21    CNY     20.43
ZHANGZHOU JIULONGJIANG       6.48    06/20/21    CNY     20.30
ZHANJIANG INFRASTRUCTUR      6.93    10/21/20    CNY     20.10
ZHANJIANG INFRASTRUCTUR      6.93    10/21/20    CNY     20.01
ZHAOQING GAOYAO DISTRIC      6.68    04/14/22    CNY     40.79
ZHAOQING GAOYAO DISTRIC      6.68    04/14/22    CNY     40.00
ZHAOQING HI-TECH ZONE C      3.97    08/26/23    CNY     59.71
ZHAOQING HI-TECH ZONE C      3.97    08/26/23    CNY     58.99
ZHEJIANG BINHAI NEW CIT      4.65    12/23/22    CNY     60.46
ZHEJIANG CHANGXING JING      7.99    03/03/21    CNY     30.00
ZHEJIANG CHANGXING JING      7.99    03/03/21    CNY     20.15
ZHEJIANG GUOXING INVEST      6.94    08/01/21    CNY     28.50
ZHEJIANG GUOXING INVEST      6.94    08/01/21    CNY     20.48
ZHEJIANG HANGZHOU QINGS      7.90    04/23/21    CNY     24.00
ZHEJIANG HANGZHOU QINGS      7.90    04/23/21    CNY     20.39
ZHEJIANG HUISHENG INVES      4.49    03/15/24    CNY     70.24
ZHEJIANG HUISHENG INVES      4.49    03/15/24    CNY     70.00
ZHEJIANG OUHAI CONSTRUC      4.83    01/21/23    CNY     60.42
ZHEJIANG OUHAI CONSTRUC      6.45    04/23/22    CNY     41.05
ZHEJIANG OUHAI CONSTRUC      6.45    04/23/22    CNY     40.30
ZHEJIANG PROVINCE XINCH      6.95    12/31/21    CNY     41.20
ZHEJIANG PROVINCE XINCH      5.88    10/30/21    CNY     41.06
ZHEJIANG PROVINCE XINCH      6.95    12/31/21    CNY     40.91
ZHEJIANG PROVINCE XINCH      5.88    10/30/21    CNY     40.47
ZHENGZHOU AIRPORT ECONO      4.27    07/20/26    CNY     70.19
ZHENGZHOU AIRPORT ECONO      4.27    07/20/26    CNY     70.19
ZHENGZHOU JINGKAI INVES      5.48    07/31/22    CNY     40.95
ZHENGZHOU JINGKAI INVES      5.48    07/31/22    CNY     40.00
ZHENGZHOU MOUZHONG DEVE      4.59    04/18/23    CNY     60.49
ZHENGZHOU MOUZHONG DEVE      4.59    04/18/23    CNY     60.42
ZHENGZHOU MOUZHONG DEVE      7.48    12/11/21    CNY     46.20
ZHENGZHOU MOUZHONG DEVE      7.48    12/11/21    CNY     40.69
ZHENJIANG CITY CONSTRUC      7.90    12/18/20    CNY     28.50
ZHENJIANG CITY CONSTRUC      8.20    01/13/21    CNY     28.49
ZHENJIANG CITY CONSTRUC      8.20    01/13/21    CNY     20.21
ZHENJIANG CITY CONSTRUC      7.90    12/18/20    CNY     20.14
ZHENJIANG DANTU DISTRIC      5.89    11/03/21    CNY     40.14
ZHENJIANG DANTU DISTRIC      5.89    11/03/21    CNY     39.60
ZHENJIANG NEW AREA URBA      5.31    07/14/23    CNY     60.50
ZHENJIANG NEW AREA URBA      5.31    07/14/23    CNY     59.47
ZHENJIANG NEW AREA URBA      8.35    02/26/21    CNY     20.18
ZHENJIANG NEW AREA URBA      8.99    01/16/21    CNY     20.12
ZHIJIANG STATE-OWNED AS      4.38    03/28/23    CNY     64.70
ZHIJIANG STATE-OWNED AS      4.78    01/11/23    CNY     60.05
ZHIJIANG STATE-OWNED AS      4.38    03/28/23    CNY     60.00
ZHIJIANG STATE-OWNED AS      4.78    01/11/23    CNY     60.00
ZHONGGUANCUN DEVELOPMEN      4.20    08/12/22    CNY     40.50
ZHONGGUANCUN DEVELOPMEN      4.20    08/12/22    CNY     40.17
ZHONGMINTOU LEASING HOL      7.55    09/21/21    CNY     49.49
ZHONGRONG XINDA GROUP C      7.10    01/22/21    CNY     33.70
ZHONGSHAN TRANSPORTATIO      5.25    11/26/21    CNY     40.33
ZHONGSHAN TRANSPORTATIO      5.25    11/26/21    CNY     40.00
ZHONGTIAN FINANCIAL GRO      7.00    10/15/20    CNY     24.91
ZHOUKOU INVESTMENT GROU      7.49    04/21/21    CNY     20.16
ZHOUSHAN DINGHAI CITY C      6.67    07/20/22    CNY     40.40
ZHOUSHAN DINGHAI STATE-      7.13    08/04/21    CNY     20.33
ZHOUSHAN DINGHAI STATE-      7.13    08/04/21    CNY     20.18
ZHOUSHAN ISLANDS NEW DI      6.98    10/22/22    CNY     56.33
ZHOUSHAN ISLANDS NEW DI      6.98    10/22/22    CNY     55.80
ZHOUSHAN PUTUO DISTRICT      7.18    06/20/22    CNY     41.90
ZHOUSHAN PUTUO DISTRICT      7.18    06/20/22    CNY     41.29
ZHUHAI HUIHUA INFRASTRU      4.70    06/27/23    CNY     60.38
ZHUHAI HUIHUA INFRASTRU      4.70    06/27/23    CNY     60.32
ZHUJI CITY EAST NEW TOW      3.89    08/26/23    CNY     59.79
ZHUJI CITY YUEDU INVEST      6.38    04/07/22    CNY     41.01
ZHUJI CITY YUEDU INVEST      6.38    04/07/22    CNY     40.95
ZHUJI CITY YUEDU INVEST      8.20    12/12/20    CNY     24.50
ZHUJI CITY YUEDU INVEST      8.20    12/12/20    CNY     20.20
ZHUZHOU CITY CONSTRUCTI      8.36    11/10/21    CNY     43.75
ZHUZHOU CITY CONSTRUCTI      6.95    10/16/20    CNY     20.04
ZHUZHOU CITY CONSTRUCTI      6.95    10/16/20    CNY     20.03
ZHUZHOU GECKOR GROUP CO      3.78    09/28/23    CNY     59.09
ZHUZHOU GECKOR GROUP CO      3.78    09/28/23    CNY     58.81
ZHUZHOU GECKOR GROUP CO      6.38    04/17/22    CNY     40.80
ZHUZHOU GECKOR GROUP CO      6.38    04/17/22    CNY     40.00
ZHUZHOU GECKOR GROUP CO      6.95    08/11/21    CNY     20.86
ZHUZHOU GECKOR GROUP CO      6.95    08/11/21    CNY     20.35
ZHUZHOU RECYCLING ECONO      4.38    03/24/23    CNY     57.68
ZHUZHOU RECYCLING ECONO      4.38    03/24/23    CNY     57.04
ZHUZHOU XIANGJIANG SCEN      5.39    11/25/22    CNY     60.72
ZHUZHOU XIANGJIANG SCEN      5.39    11/25/22    CNY     60.24
ZIBO BANYANG CITY URBAN      5.50    09/09/22    CNY     41.03
ZIBO BANYANG CITY URBAN      5.50    09/09/22    CNY     40.00
ZIYANG WATER INVESTMENT      3.97    03/17/23    CNY     58.30
ZIYANG WATER INVESTMENT      3.97    03/17/23    CNY     58.29
ZIYANG WATER INVESTMENT      7.40    10/21/20    CNY     20.01
ZIYANG WATER INVESTMENT      7.40    10/21/20    CNY     20.00
ZIZHONG COUNTY XINGZI I      5.97    01/18/23    CNY     59.68
ZIZHONG COUNTY XINGZI I      5.97    01/18/23    CNY     58.59
ZUNYI ECONOMIC DEVELOPM      4.87    01/22/23    CNY     60.00
ZUNYI ECONOMIC DEVELOPM      4.87    01/22/23    CNY     57.87
ZUNYI HONGHUAGANG CITY       6.98    07/25/24    CNY     74.90
ZUNYI HONGHUAGANG CITY       5.05    06/27/23    CNY     59.06
ZUNYI HONGHUAGANG CITY       5.05    06/27/23    CNY     57.87
ZUNYI NEW DISTRICT DEVE      5.99    04/07/26    CNY     69.89
ZUNYI NEW DISTRICT DEVE      5.99    04/07/26    CNY     69.62
ZUNYI ROAD & BRIDGE CON      6.10    04/27/23    CNY     57.96
ZUNYI ROAD & BRIDGE CON      6.10    04/27/23    CNY     52.90


   HONG KONG
   ---------

DR PENG HOLDING HONGKON      7.55    12/01/21    USD     71.55
HNA GROUP INTERNATIONAL      6.25    10/05/21    USD     54.33


   INDIA
   -----

3I INFOTECH LTD              2.50    03/31/25    USD      9.75
AMPSOLAR SOLUTION PVT L      0.01    10/27/37    INR     26.92
AMPSOLAR SOLUTION PVT L      0.01    11/03/37    INR     26.88
APG HABITAT PVT LTD          1.00    09/09/28    INR     60.52
APG INTELLI HOMES PVT L      1.25    02/04/35    INR     44.36
APG INTELLI HOMES PVT L      1.25    02/04/35    INR     42.26
AUTOMOTIVE EXCHANGE PVT      4.00    06/01/30    INR     63.09
AUTOMOTIVE EXCHANGE PVT      4.00    10/11/30    INR     62.85
BREEZE CONSTRUCTIONS PV      0.01    06/29/30    INR     44.46
BRITANNIA INDUSTRIES LT      8.00    08/28/22    INR     31.16
CHANDRAJYOTI ESTATE DEV      0.01    07/06/30    INR     47.08
CREIXENT SPECIAL STEELS      0.01    08/28/25    INR     68.72
CUMULUS TRADING CO PVT       0.01    01/23/30    INR     62.29
CUMULUS TRADING CO PVT       0.01    05/21/32    INR     39.17
DEWAN HOUSING FINANCE C      8.50    04/18/23    INR     28.36
DLF EMPORIO RESTAURANTS      0.01    06/29/30    INR     46.44
DLF EMPORIO RESTAURANTS      0.01    08/12/30    INR     45.99
DLF HOME DEVELOPERS LTD      0.01    06/29/30    INR     48.53
DLF HOMES SERVICES PVT       0.01    06/29/30    INR     44.46
DLF REAL ESTATE BUILDER      0.01    06/23/30    INR     47.05
DLF RESIDENTIAL BUILDER      0.01    06/23/30    INR     44.47
DLF RESIDENTIAL DEVELOP      0.01    06/28/30    INR     47.09
DLF SOUTHERN TOWNS PVT       0.01    07/09/30    INR     47.16
DOMUS REAL ESTATE PVT L      0.01    07/11/30    INR     47.15
EDELWEISS ASSET RECONST      2.00    03/28/27    INR     71.85
EDELWEISS ASSET RECONST      2.00    11/20/27    INR     69.50
EDELWEISS ASSET RECONST      2.00    10/07/28    INR     66.12
EDELWEISS ASSET RECONST      2.00    01/15/29    INR     65.13
EDELWEISS ASSET RECONST      2.00    07/22/29    INR     63.32
ESSAR POWER TRANSMISSIO      3.00    03/31/43    INR     48.35
ESSAR POWER TRANSMISSIO      3.00    03/31/43    INR     48.35
GREEN URJA PVT LTD           0.01    02/14/30    INR     48.36
GTL INFRASTRUCTURE LTD       6.73    10/26/22    USD      5.65
HINDUSTAN CONSTRUCTION       0.01    01/05/27    INR     61.32
HITODI INFRASTRUCTURE L      0.01    06/30/27    INR     57.46
JAIPRAKASH ASSOCIATES L      5.75    09/08/17    USD     55.13
JAIPRAKASH POWER VENTUR      7.00    05/15/17    USD      4.56
JCT LTD                      2.50    04/08/11    USD     25.75
JSM CORP PVT LTD             0.01    08/31/36    INR     28.72
JTPM ATSALI LTD              0.01    08/29/48    INR     13.66
KANAKADURGA FINANCE LTD      0.01    04/15/36    INR     27.46
KRIBHCO INFRASTRUCTURE       1.00    04/15/26    INR     71.43
MARIS POWER SUPPLY CO P      2.00    04/18/28    INR     68.47
MELOSA BUILDERS & DEVEL      0.01    06/29/30    INR     45.46
MENS BUILDCON PVT LTD        0.01    06/29/30    INR     45.46
MYTRAH AADHYA POWER PVT      0.01    07/05/35    INR     32.04
MYTRAH ADVAITH POWER PV      0.01    07/13/36    INR     29.72
MYTRAH AKSHAYA ENERGY P      0.01    07/13/36    INR     29.72
ORIGAMI CELLULO PVT LTD      0.01    11/14/36    INR     28.40
PRAKASH INDUSTRIES LTD       5.25    04/30/15    USD     22.63
PUNJAB INFRASTRUCTURE D      0.40    10/15/26    INR     70.75
PUNJAB INFRASTRUCTURE D      0.40    10/15/27    INR     65.95
PUNJAB INFRASTRUCTURE D      0.40    10/15/28    INR     61.43
PUNJAB INFRASTRUCTURE D      0.40    10/15/29    INR     57.24
PUNJAB INFRASTRUCTURE D      0.40    10/15/30    INR     53.39
PUNJAB INFRASTRUCTURE D      0.40    10/15/31    INR     49.88
PUNJAB INFRASTRUCTURE D      0.40    10/15/32    INR     46.69
PUNJAB INFRASTRUCTURE D      0.40    10/15/33    INR     43.97
PYRAMID SAIMIRA THEATRE      1.75    07/04/12    USD      0.26
R L FINE CHEM PVT LTD        0.10    08/19/36    INR     29.26
REDKITE CAPITAL PVT LTD      2.50    01/15/28    INR     71.74
REDKITE CAPITAL PVT LTD      2.50    03/30/29    INR     67.63
REI AGRO LTD                 5.50    11/13/14    USD      0.96
REI AGRO LTD                 5.50    11/13/14    USD      0.96
RELIANCE COMMUNICATIONS      6.50    11/06/20    USD      9.95
SAKET HOLIDAYS RESORTS       0.01    06/29/30    INR     47.10
SHIVAJI MARG MAINTENANC      0.01    06/28/30    INR     44.93
SINTEX INDUSTRIES LTD        3.50    05/25/22    USD     25.00
SURBHI INVESTMENTS & TR      2.50    10/21/28    INR     68.93
SUZLON ENERGY LTD            5.75    07/16/19    USD     24.85
SUZLON ENERGY LTD            5.75    07/16/19    USD     24.85
SVOGL OIL GAS & ENERGY       5.00    08/17/15    USD      0.61
TATA SMARTFOODZ LTD          0.01    07/15/25    INR     71.05
TN URJA PVT LTD              0.10    02/22/36    INR     31.21
VIDEOCON INDUSTRIES LTD      2.80    12/31/20    USD     28.88
WATSUN INFRABUILD PVT L      4.00    10/16/37    INR     60.47
WS T&D LTD                   0.10    03/24/29    INR     52.48
ZYDUS FOUNDATION             0.10    03/25/25    INR     72.11


   INDONESIA
   ---------

ABM INVESTAMA TBK PT         7.13    08/01/22    USD     63.34
ABM INVESTAMA TBK PT         7.13    08/01/22    USD     62.64
BERAU COAL ENERGY TBK P      7.25    03/13/17    USD     44.38
BERAU COAL ENERGY TBK P      7.25    03/13/17    USD     44.38
DELTA MERLIN DUNIA TEKS      8.63    03/12/24    USD     10.20
DELTA MERLIN DUNIA TEKS      8.63    03/12/24    USD      6.86
GAJAH TUNGGAL TBK PT         8.38    08/10/22    USD     68.28
MNC INVESTAMA TBK PT         9.00    05/11/21    USD     68.42


   JAPAN
   -----

AVANSTRATE INC               0.10    10/29/32    JPY      9.75
TKJP CORP                    0.58    03/26/21    JPY      2.02
TKJP CORP                    0.85    03/06/19    JPY      2.02
TKJP CORP                    1.02    12/15/17    JPY      0.50
UNIZO HOLDINGS CO LTD        0.85    05/26/23    JPY     74.87
UNIZO HOLDINGS CO LTD        0.80    11/29/23    JPY     71.76
UNIZO HOLDINGS CO LTD        0.89    05/29/24    JPY     69.44
UNIZO HOLDINGS CO LTD        1.10    11/28/24    JPY     67.42
UNIZO HOLDINGS CO LTD        0.99    11/27/26    JPY     63.00
UNIZO HOLDINGS CO LTD        1.50    11/26/27    JPY     61.88
UNIZO HOLDINGS CO LTD        1.20    05/28/27    JPY     61.48


   MALAYSIA
   --------

ASIAN PAC HOLDINGS BHD       3.00    05/25/22    MYR      0.53
BERJAYA CORP BHD             5.00    04/22/22    MYR      0.26
BERJAYA CORP BHD             2.00    05/29/26    MYR      0.11
ELK-DESA RESOURCES BHD       3.25    04/14/22    MYR      1.14
HIAP TECK VENTURE BHD        5.00    06/23/21    MYR      0.18
HUME INDUSTRIES BHD          5.00    05/29/24    MYR      1.01
MALAYAN FLOUR MILLS BHD      5.00    01/24/24    MYR      1.11
PENGURUSAN AIR SPV BHD       1.00    09/28/35    MYR     69.10
PMB TECHNOLOGY BHD           3.00    07/12/23    MYR      2.56
SENAI-DESARU EXPRESSWAY      1.35    12/31/30    MYR     74.02
SENAI-DESARU EXPRESSWAY      1.35    06/30/31    MYR     72.72
VIZIONE HOLDINGS BHD         3.00    08/08/21    MYR      0.03


   NEW ZEALAND
   -----------

PRECINCT PROPERTIES NEW      4.80    09/27/21    NZD      1.14


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICATION     15.00    07/15/06    USD     22.75


   SINGAPORE
   ---------

ALAM SYNERGY PTE LTD        11.50    04/22/21    USD     72.50
ALAM SYNERGY PTE LTD         6.63    04/24/22    USD     58.39
APL REALTY HOLDINGS PTE      5.95    06/02/24    USD     68.39
ASL MARINE HOLDINGS LTD      3.00    03/28/25    SGD     46.25
ASL MARINE HOLDINGS LTD      3.00    10/01/26    SGD     46.25
BAKRIE TELECOM PTE LTD      11.50    05/07/15    USD      0.63
BAKRIE TELECOM PTE LTD      11.50    05/07/15    USD      0.63
BERAU CAPITAL RESOURCES     12.50    07/08/15    USD     32.01
BERAU CAPITAL RESOURCES     12.50    07/08/15    USD     32.01
BLD INVESTMENTS PTE LTD      8.63    03/23/15    USD      4.88
BLUE OCEAN RESOURCES PT      8.00    12/31/21    USD     30.06
BLUE OCEAN RESOURCES PT      8.00    12/31/21    USD     30.06
BLUE OCEAN RESOURCES PT      8.00    12/31/21    USD     30.06
ENERCOAL RESOURCES PTE       9.25    08/05/14    USD     45.75
ETERNA CAPITAL PTE LTD       7.50    12/11/22    USD     43.48
ETERNA CAPITAL PTE LTD       8.00    12/11/22    USD     22.86
EZRA HOLDINGS LTD            4.88    04/24/18    SGD      5.00
GEO COAL INTERNATIONAL       8.00    10/04/22    USD     44.01
GEO COAL INTERNATIONAL       8.00    10/04/22    USD     43.86
HYFLUX LTD                   4.60    09/23/19    SGD     10.00
HYFLUX LTD                   4.20    08/29/19    SGD     10.00
HYFLUX LTD                   4.25    09/07/18    SGD     10.00
INDO INFRASTRUCTURE GRO      2.00    07/30/10    USD      1.00
INNOVATE CAPITAL PTE LT      6.00    12/11/24    USD     18.00
JGC VENTURES PTE LTD        10.75    08/30/21    USD     38.00
MICLYN EXPRESS OFFSHORE      8.75    11/25/18    USD     24.16
MODERNLAND OVERSEAS PTE      6.95    04/13/24    USD     40.09
MULHACEN PTE LTD             6.50    08/01/23    EUR     46.06
MULHACEN PTE LTD             6.50    08/01/23    EUR     45.58
NT RIG HOLDCO PTE LTD        7.50    12/20/21    USD     60.00
ORO NEGRO DRILLING PTE       7.50    01/24/19    USD     14.50
OXLEY MTN PTE LTD            6.50    02/28/23    SGD     74.15
PACIFIC INTERNATIONAL L      8.50    11/16/20    SGD     48.20
PACIFIC RADIANCE LTD         4.30    03/31/20    SGD     10.00
RICKMERS MARITIME            8.45    05/15/17    SGD      5.00
SOECHI CAPITAL PTE LTD       8.38    01/31/23    USD     62.03
SOECHI CAPITAL PTE LTD       8.38    01/31/23    USD     60.56
SSMS PLANTATION HOLDING      7.75    01/23/23    USD     56.72
SWIBER CAPITAL PTE LTD       6.50    08/02/18    SGD      4.20
SWIBER CAPITAL PTE LTD       6.25    10/30/17    SGD      4.20
SWIBER HOLDINGS LTD          5.55    10/10/16    SGD     12.25
SWIBER HOLDINGS LTD          7.75    09/18/17    CNY      7.75
SWIBER HOLDINGS LTD          7.13    04/18/17    SGD      7.75


   SOUTH KOREA
   -----------

ECOMAISTER CO LTD            2.00    10/11/22    KRW     66.73
HEUNGKUK FIRE & MARINE       5.70    12/29/46    KRW     45.55
JT CAPITAL FIRST ASSET       2.73    07/24/45    KRW     68.23
KIBO ABS SPECIALTY CO L      5.00    08/28/21    KRW     73.06
KIBO ABS SPECIALTY CO L      5.00    02/24/22    KRW     72.34
KIBO ABS SPECIALTY CO L      5.00    02/28/22    KRW     71.50
KIBO ABS SPECIALTY CO L      5.00    02/24/23    KRW     70.24
KIBO ABS SPECIALTY CO L      5.00    02/26/21    KRW     64.62
LOTTE CARD CO LTD            3.95    06/28/49    KRW     37.37
POSCO ENERGY CO LTD          5.21    08/29/43    KRW     61.02
SAMPYO CEMENT CO LTD         8.10    06/26/15    KRW     70.00
SAMPYO CEMENT CO LTD         8.10    04/12/15    KRW     70.00
SAMPYO CEMENT CO LTD         8.30    09/10/14    KRW     70.00
SAMPYO CEMENT CO LTD         7.50    07/20/14    KRW     70.00
SAMPYO CEMENT CO LTD         8.30    04/20/14    KRW     70.00
SINBO SECURITIZATION SP      5.00    09/28/22    KRW     73.84
SINBO SECURITIZATION SP      5.00    06/29/22    KRW     73.76
SINBO SECURITIZATION SP      5.00    06/29/21    KRW     73.27
SINBO SECURITIZATION SP      5.00    12/27/21    KRW     72.18
SINBO SECURITIZATION SP      5.00    02/28/23    KRW     71.88
SINBO SECURITIZATION SP      5.00    03/20/23    KRW     71.73
SINBO SECURITIZATION SP      5.00    02/28/22    KRW     71.49
SINBO SECURITIZATION SP      5.00    12/25/23    KRW     69.69
SINBO SECURITIZATION SP      5.00    12/25/22    KRW     69.25
SINBO SECURITIZATION SP      5.00    10/24/23    KRW     69.23
SINBO SECURITIZATION SP      5.00    10/24/23    KRW     69.23
SINBO SECURITIZATION SP      5.00    11/21/23    KRW     69.10
SINBO SECURITIZATION SP      5.00    07/24/23    KRW     68.90
SINBO SECURITIZATION SP      5.00    08/29/23    KRW     68.47
SINBO SECURITIZATION SP      5.00    08/29/23    KRW     68.47
SINBO SECURITIZATION SP      5.00    09/26/23    KRW     68.16
SINBO SECURITIZATION SP      5.00    09/26/23    KRW     68.16
SINBO SECURITIZATION SP      5.00    09/26/23    KRW     68.16
SINBO SECURITIZATION SP      5.00    01/25/23    KRW     68.14
SINBO SECURITIZATION SP      5.00    06/27/23    KRW     67.98
SINBO SECURITIZATION SP      5.00    12/21/20    KRW     67.95
SINBO SECURITIZATION SP      5.00    07/24/22    KRW     66.71
SINBO SECURITIZATION SP      5.00    07/26/22    KRW     66.68
SINBO SECURITIZATION SP      4.00    12/25/23    KRW     66.62
SINBO SECURITIZATION SP      4.00    12/25/23    KRW     66.62
SINBO SECURITIZATION SP      5.00    08/29/22    KRW     66.22
SINBO SECURITIZATION SP      5.00    08/31/22    KRW     66.21
SINBO SECURITIZATION SP      5.00    09/26/22    KRW     65.90
SINBO SECURITIZATION SP      5.00    01/25/22    KRW     65.87
SINBO SECURITIZATION SP      5.00    01/26/22    KRW     65.87
SINBO SECURITIZATION SP      5.00    06/27/22    KRW     65.84
SINBO SECURITIZATION SP      5.00    02/23/22    KRW     65.74
SINBO SECURITIZATION SP      3.00    11/21/23    KRW     64.44
SINBO SECURITIZATION SP      5.00    03/21/21    KRW     63.99
SINBO SECURITIZATION SP      5.00    07/26/21    KRW     62.83
SINBO SECURITIZATION SP      5.00    08/31/21    KRW     62.06


   SRI LANKA
   ---------

SRI LANKA DEVELOPMENT B      5.66    05/01/23    USD     74.48
SRI LANKA DEVELOPMENT B      4.48    01/22/23    USD     74.10
SRI LANKA DEVELOPMENT B      4.29    01/22/23    USD     73.75
SRI LANKA DEVELOPMENT B      4.27    03/16/23    USD     72.67
SRI LANKA DEVELOPMENT B      4.17    05/01/23    USD     71.91
SRI LANKA DEVELOPMENT B      4.13    05/01/23    USD     71.83
SRI LANKA DEVELOPMENT B      6.87    01/22/25    USD     70.93
SRI LANKA DEVELOPMENT B      6.80    01/22/25    USD     70.73
SRI LANKA DEVELOPMENT B      6.75    01/22/25    USD     70.58
SRI LANKA DEVELOPMENT B      6.50    01/22/25    USD     69.85
SRI LANKA DEVELOPMENT B      6.02    01/22/25    USD     68.44
SRI LANKA DEVELOPMENT B      5.98    01/22/25    USD     68.32
SRI LANKA DEVELOPMENT B      4.91    01/22/25    USD     65.35
SRI LANKA GOVERNMENT IN      5.75    04/18/23    USD     73.10
SRI LANKA GOVERNMENT IN      5.75    04/18/23    USD     72.81
SRI LANKA GOVERNMENT IN      6.85    03/14/24    USD     72.12
SRI LANKA GOVERNMENT IN      6.85    03/14/24    USD     71.96
SRI LANKA GOVERNMENT IN      6.35    06/28/24    USD     71.35
SRI LANKA GOVERNMENT IN      6.35    06/28/24    USD     71.30
SRI LANKA GOVERNMENT IN      6.85    11/03/25    USD     69.81
SRI LANKA GOVERNMENT IN      6.85    11/03/25    USD     69.79
SRI LANKA GOVERNMENT IN      6.13    06/03/25    USD     69.25
SRI LANKA GOVERNMENT IN      6.13    06/03/25    USD     69.21
SRI LANKA GOVERNMENT IN      6.83    07/18/26    USD     68.61
SRI LANKA GOVERNMENT IN      6.83    07/18/26    USD     68.39
SRI LANKA GOVERNMENT IN      7.85    03/14/29    USD     67.57
SRI LANKA GOVERNMENT IN      7.85    03/14/29    USD     67.43
SRI LANKA GOVERNMENT IN      7.55    03/28/30    USD     66.32
SRI LANKA GOVERNMENT IN      6.75    04/18/28    USD     66.31
SRI LANKA GOVERNMENT IN      7.55    03/28/30    USD     66.28
SRI LANKA GOVERNMENT IN      6.20    05/11/27    USD     66.26
SRI LANKA GOVERNMENT IN      6.75    04/18/28    USD     66.21
SRI LANKA GOVERNMENT IN      6.20    05/11/27    USD     66.09
SRILANKAN AIRLINES LTD       7.00    06/25/24    USD     67.64


   THAILAND
   --------

MDX PCL                      4.75    09/17/03    USD     22.88
G STEEL PCL                  3.00    10/04/15    USD      0.55


                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9482.

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