/raid1/www/Hosts/bankrupt/TCRAP_Public/210105.mbx
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, January 5, 2021, Vol. 24, No. -2
Headlines
A U S T R A L I A
BIOTECH RESOURCES: First Creditors' Meeting Set for Jan. 12
HENNOCK & SONS: First Creditors' Meeting Set for Jan. 11
OZLIFT PTY: First Creditors' Meeting Set for Jan. 12
B A N G L A D E S H
JUBILEE BANK: Central Bank Removes Chairman; Faces Liquidation
C H I N A
YUZHOU GROUP: Fitch Rates Proposed USD Senior Notes 'BB-'
ZHENRO PROPERTIES: Fitch Rates Proposed USD Green Bonds 'B+'
I N D I A
AL-AMAL DIAGNOSTIC: CRISIL Moves D Debt Rating From Not Cooperating
AREMPEE COMPRESSORS: Insolvency Resolution Process Case Summary
BALAJI TECH: CRISIL Lowers Rating on INR2.25cr Loan to D
BIPHA DRUG: CRISIL Withdraws D Rating on INR3.53cr Cash Loan
GANCO ENERGY: CRISIL Keeps D Debt Ratings in Not Cooperating
HOTEL PEARL: CRISIL Migrates D Debt Rating From Not Cooperating
J. J. INT'L: CRISIL Moves D Debt Ratings to Not Cooperating
KAY BEE: CRISIL Moves D on INR7cr Credit in Not Cooperating
KESORAM INDUSTRIES: CRISIL Assigns D Rating to INR60cr Debentures
LAMIFABS AND PAPERS: CRISIL Moves D Ratings to Not Cooperating
LONGOWALIA YARNS: CRISIL Lowers Rating on INR68cr Loan to D
MAXVEL REALTECH: CRISIL Migrates D Ratings From Not Cooperating
MUMBAI INT'L: CRISIL Cuts Rating on INR330cr Loan to C
NARBADA DAIRY: CRISIL Migrates D Debt Ratings to Not Cooperating
RAGHU EDUCATIONAL: CRISIL Lowers Rating on INR7cr Loan to D
RAGHUKUL COTTEX: Insolvency Resolution Process Case Summary
RAMKY WAVOO: CRISIL Lowers Rating on INR100cr Term Loan to D
RAVI TEXO: CRISIL Migrates D Debt Rating to Not Cooperating
RELIANCE INDUSTRIES: Ambani, Firm Fined US$5.5M for Trading Breach
RK-CPR (JV): CRISIL Migrates D on INR30cr Loans to Not Cooperating
SHAAN TECHNOLOGIES: Insolvency Resolution Process Case Summary
SHIVA ENERGY: CRISIL Moves D Debt Ratings to Not Cooperating
SHRINET AND SHANDILYA: CRISIL Cuts Rating on INR25cr Loan to D
SOLO METALS: CRISIL Migrates D Debt Ratings to Not Cooperating
SUDHIR AGRO: CRISIL Lowers Rating on INR6cr Cash Loan to D
TENNY JOSE: CRISIL Lowers Rating on INR20cr Loan to D
THORAT MILK: CRISIL Migrates D Debt Ratings to Not Cooperating
TRIMULA G BASMATI: CRISIL Migrates D Debt Rating to NonCooperating
V.R. FOUNDRIES: CRISIL Moves D Debt Ratings to Not Cooperating
VIJAY NIRMAN: CRISIL Migrates D Debt Ratings to Not Cooperating
I N D O N E S I A
GARUDA INDONESIA: To Get State Injections through MCB Issuances
N E P A L
ANNAPURNA HOTEL: To Close Doors Indefinitely Due to Severe Losses
[*] NEPAL: Court Orders Sugar Mills to Pay Farmers in One Month
S I N G A P O R E
KRISENERGY LTD: Maturity of Revolver Loan Extended to June
X X X X X X X X
[*] BOND PRICING: For the Week Dec. 29, 2020 to Jan. 1, 2021
- - - - -
=================
A U S T R A L I A
=================
BIOTECH RESOURCES: First Creditors' Meeting Set for Jan. 12
-----------------------------------------------------------
A first meeting of the creditors in the proceedings of Biotech
Resources (Aust) Pty. Ltd. and Total Blood Profile Pty Ltd, will be
held on Jan. 12, 2021, at 11:00 a.m. via videoconference.
Andrew MacNeill of SMB Advisory was appointed as administrator of
Biotech Resources on Dec. 30, 2020.
HENNOCK & SONS: First Creditors' Meeting Set for Jan. 11
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Hennock &
Sons Pty Ltd will be held on Jan. 11, 2021, at 11:00 a.m. at the
offices of Cor Cordis, One Wharf Lane, Level 20, at 171 Sussex
Street, in Sydney, NSW.
Andre Lakomy and Alan Walker of Cor Cordis were appointed as
administrators of Hennock & Sons on Dec. 28, 2020.
OZLIFT PTY: First Creditors' Meeting Set for Jan. 12
----------------------------------------------------
A first meeting of the creditors in the proceedings of Ozlift Pty
Ltd will be held on Jan. 12, 2021, at 10:30 a.m. via teleconference
only.
Michael Quin of Bent & Cougle Pty Ltd was appointed as
administrator of Ozlift Pty on Dec. 30, 2020.
===================
B A N G L A D E S H
===================
JUBILEE BANK: Central Bank Removes Chairman; Faces Liquidation
--------------------------------------------------------------
Dhaka Tribune reports that Bangladesh Bank is set to liquidate the
century-old non-scheduled Jubilee Bank in line with a High Court
order over various complications regarding its ownership.
According to the report, the central bank has already removed its
Chairman Md. Shah Alam and dissolved the working committee, which
was formed to ensure the smooth functioning of the non-scheduled
bank, according to an official order issued on December 27.
Dhaka Tribune relates that the High Court has also called for
liquidation of the bank, said a high official of the central bank
seeking anonymity.
"We are now waiting for the final verdict of the High Court," said
the BB official.
The bank was first registered by the Joint Stock Companies and
Firms (RJSC) in April 1913 as Khoksha-Janipur Bank. Then in January
1987 the name was changed to Jubilee Bank. The central bank
recognised it as a non-scheduled bank in June 1984.
=========
C H I N A
=========
YUZHOU GROUP: Fitch Rates Proposed USD Senior Notes 'BB-'
---------------------------------------------------------
Fitch Ratings has assigned China-based Yuzhou Group Holdings
Company Limited's (BB-/Stable) proposed US dollar senior notes a
'BB-' rating.
The proposed notes are rated at the same level as Yuzhou's senior
unsecured rating because they constitute its direct and senior
unsecured obligations. Yuzhou intends to use the net proceeds from
the issue primarily to refinance its existing debt.
Yuzhou's ratings are supported by its low leverage and improving
land-bank quality. Its profitability is healthy with an EBITDA
margin of above 25%. The ratings are constrained by its relatively
small attributable contracted sales and revenue scale. The
company's sales expansion and relatively short land-bank life of
around 2.5 years will pose a challenge to its ability to keep
leverage at the current low level.
KEY RATING DRIVERS
Low Leverage: Fitch estimates Yuzhou will keep leverage, defined by
net debt/adjusted inventory, including proportional consolidation
of joint ventures and associates, below 45% over 2020-2024 as the
company will spend no more than 50% of consolidated contracted
sales on acquiring land. Leverage was well below 40%, the level at
which Fitch will consider positive rating action, in the past four
years. Leverage fell to 30.1% by end-2019 as Yuzhou slowed land
acquisitions.
The company reduced loan guarantees to JVs and associates in 1H20,
which pushed down consolidated leverage with guarantees to below
40% in 1H20 from 45% at end-2019.
Relatively Small Land Bank: Fitch estimates Yuzhou had unsold
attributable land bank of 13.7 million square metres (sqm) at
end-1H20, sufficient for around 2.5 years of development. Fitch
believes the company needs to continuously replenish land to
sustain contracted sales growth, which will limit its ability to
keep land costs low and leverage at current levels, especially as
it buys more parcels in Tier 2 cities, where competition among
developers is more intense. Fitch forecasts Yuzhou will keep its
land-bank life at current levels, as it believes a larger land bank
limits its flexibility to manage policy uncertainties.
Scale Smaller than Peers: Yuzhou's 2019 attributable contracted
sales were at the lower end of the range of that of 'BB-' peers.
Its 2019 attributable contracted sales rose 24% to CNY45 billion,
driven by floor area sold. Yuzhou's growth was slower than peers'
prior to 2019, which kept its leverage lower. The company has
reached its 2020 target of CNY100 billion in total contracted sales
as of 7 December 2020. Total contracted sales in 11M20 rose by 47%
yoy, well above the high-single-digit sales growth achieved by the
industry.
Evolving Group Structure: Yuzhou's implied cash collection (the
change in customer deposits plus revenue booked during the year) in
2019 was only CNY17.4 billion, or 39% of reported attributable
sales, down from 74% in 2018. Its 2019 property sales revenue also
fell 5% despite a 24% rise in attributable contracted sales. This
suggests that a large portion of Yuzhou's contracted sales and
revenue in 2019 came from its JVs and associates. A big share of
land was acquired via JVs and associates before 2019, but a larger
share in the past 12 months were made on balance sheet.
The high proportion of off-balance-sheet projects means the
performance of many projects are not fully reflected in the
company's financials, in Fitch's view. However, Fitch believes
Yuzhou's financials will gradually reflect the overall performance
of projects as a large percentage of recently acquired land is
included in the consolidated balance sheet. This transition may
lead to short-term volatility in the company's financial metrics,
before stabilising.
Improving Land-Bank Quality: More than 95% of Yuzhou's land
acquired in 2019 was in Tier 1 and 2 cities. It led to high
acquired land cost of CNY10,023/sqm in 2019. This should translate
to better average selling prices (ASP) in the coming two years.
Fitch expects its ASP to rise 7% per year on average in 2021-2023
from CNY16,391/sqm in 11M20.
Healthy Margin: Fitch expects Yuzhou's EBITDA margin to stay above
25% in 2020-2024. EBITDA margin fell to 27.6% in 2019 from 32.1% in
2018, as Yuzhou disposed of some low-margin projects. Margin will
improve as the company had unrecognised contracted sales that carry
gross profit margin of more than 25% and will be recognised over
the next two to three years. Selling and administrative expenses
rose to 7.8% of revenue in 2019 from 4.5% in 2018. Fitch expects
this ratio to drop as the group's revenue increases, which will
support the EBITDA margin.
Nation-Wide Operations: Yuzhou's land bank is spread over the
Yangtze River Delta, West Strait Economic Zone (cities on the west
coast of the Taiwan Strait), Bohai Rim, Greater Bay Area, central
and south-western China. Sales in the Yangtze River Delta accounted
for 65% of Yuzhou's contracted sales in 2019 and will continue to
be its key development region in the coming three years. It was
among the top five developers in Suzhou and Hefei in 2019 in terms
of sales.
DERIVATION SUMMARY
Yuzhou's proportionally consolidated leverage is low compared to
that of most 'BB-' peers. Yuzhou's non-controlling interests (NCI)
as a percentage of its equity is also lower than peers', which
means the company has more financial flexibility to dispose of
stakes in projects to reduce leverage.
Yuzhou's main rating constraint is its contracted sales and revenue
scale, which is smaller than most 'BB-' peers. Its closest peer is
KWG Group Holdings Limited (BB-/Stable), whose 2019 attributable
contracted sales was CNY10 billion more than that of Yuzhou.
However, the revenues of the two companies were similar. KWG has a
slower churn model than Yuzhou, which explains its wider EBITDA
margin. KWG's 2019 leverage was higher than that of Yuzhou, but KWG
has a longer land-bank life and better land-bank quality, which
gives it more room to deleverage.
KEY ASSUMPTIONS
Fitch's key assumptions within Fitch's rating case for the issuer
include:
-- Attributable contracted sales of CNY55 billion-67 billion a
year in 2020-2024 (2019: CNY45 billion)
-- ASP to rise 7% per year on average in 2021-2023 from
CNY16,391/sq m in 11M20
-- Land bank life maintained at around 2.5 years
-- Up to a 2% rise each year in average land costs in 2021-2024
(2019: CNY10,023/square metre)
-- Gross floor area acquired at 0.9x-1.1x of that sold in 2020
2024
-- Selling, general and administrative expense at 4.0%-4.3% of
contracted sales in 2020-2024
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- Proportionally consolidated net debt/adjusted inventory
sustained below 40%
-- Attributable contracted sales and revenue scale comparable to
that of 'BB' rated peers
-- No decrease in land bank life (defined by saleable land bank
as of year-end divided by expected gross floor area sold in
the next year)
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Proportionally consolidated net debt/adjusted inventory above
50% for a sustained period
-- EBITDA margin below 20% for a sustained period
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.
LIQUIDITY AND DEBT STRUCTURE
Abundant Liquidity: Yuzhou had a total cash balance of CNY43.0
billion, including restricted cash of CNY2.3 billion and CNY5.7
billion of non-pledged time deposits, as of end-1H20. Its available
cash, excluding restricted cash and non-pledged time deposits, was
1.6x its CNY22.3 billion debt maturing within a year. The company
has diversified funding channels to ensure the sustainability of
its liquidity, including bank loans, onshore and offshore bond
issuance, as well as equity placements.
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.
ZHENRO PROPERTIES: Fitch Rates Proposed USD Green Bonds 'B+'
------------------------------------------------------------
Fitch Ratings has assigned Zhenro Properties Group Limited's
(B+/Stable) proposed US-dollar green bonds a 'B+' rating, with a
Recovery Rating of 'RR4'.
The proposed notes are rated at the same level as Zhenro's senior
unsecured rating because they will constitute its direct and senior
unsecured obligations. Zhenro intends to use the net proceeds from
the issue mainly to refinance existing debt, in accordance with
Zhenro's green bond framework.
Well-controlled land acquisitions and internally generated cash
flow have reduced Zhenro's leverage - defined by net debt/adjusted
inventory, including proportional consolidation of joint ventures
(JVs) and associates - to 41.6% by end-1H20, from 55% in 1H19.
However, its small land bank creates some pressure to replenish
land and may pose a challenge in keeping leverage at the current
level. Fitch forecasts Zhenro can sustain leverage at below 50% in
the forecast period, 2020-2024.
Zhenro's ratings are supported by its attributable contracted sales
scale, quality land bank, healthy contracted sales growth and low
leverage in 2019 and 1H20. The rating is also constrained by its
evolving group structure and deteriorated margins.
KEY RATING DRIVERS
Leverage Decline: Zhenro's proportional consolidated leverage
declined to 41%-42% in 2H19 and 1H20, from 55% in 1H19, on the back
of strong sales and controlled land acquisitions. However, Fitch
believes that leverage may edge up from the current level if the
company lengthens its land bank life to be in line with 'BB-'
peers. Acquiring land at market prices could limit its ability to
keep land costs low, especially as it buys more land parcels in
Tier 2 cities where there is more intense competition among
developers.
Quality Land Bank but Small: Zhenro's land bank life of two to 2.5
years at end-2019 - defined by saleable land bank as of end-2019
divided by expected gross floor area (GFA) sold in 2020 - is
shorter than most similarly rated peers at 'B+' and 'BB-' levels.
Therefore, Fitch believes the company needs to continually
replenish its land bank to sustain contracted sales growth. On the
other hand, Zhenro's land bank quality is stronger than most 'B+'
peers with an average selling price (ASP) of CNY15,488/sq m in
2019. Its land bank is diversified across China with 36% in Yangtze
River Region and 28% in West Taiwan Straits. More than 70% of its
land bank is in higher-tier cities.
Larger Sales Scale than Peers: Zhenro's CNY67 billion attributable
contracted sales scale in 2019 was larger than most of the 'B+'
peers. Its 11M20 total contracted sales was CNY125 billion, or 89%
of its full-year target. Fitch expects Zhenro to continue to
increase contracted sales in the next two to three years.
Evolving Group Structure: Zhenro's implied cash collection (defined
as change in customer deposits plus revenue booked during the year)
in 2019 was only CNY23.8 billion, or 35% of the reported
attributable sales during the year. This suggests that a large
portion of Zhenro's attributable contracted sales in 2019 came from
its JVs and associates. A high proportion of land acquisitions were
done via JVs and associates in 2017 and 2018, but from 2019 most
land acquisitions were made on balance sheet.
The high proportion of off-balance-sheet projects has meant the
performance of many projects has not been fully reflected in the
company's financials, in Fitch's view. However, Fitch believes
Zhenro's financials will gradually reflect the overall performance
of projects because recently acquired land is included in the
consolidated balance sheet. This transition may lead to short-term
volatility in the company's financial metrics, before stabilising.
Margin Edges Lower: Zhenro's EBITDA margin dropped in 2019 and 1H20
yoy, caused mainly by disposal of low-margin projects and lower
capitalised interest. Fitch expects the EBITDA margin to stay at
22% in 2020 and edge up slightly in 2021. Zhenro acquired new land
at an average cost of CNY5,663/sqm in 1H20, 5% lower than in 2019.
Land costs accounted for about 37% of contracted sales ASP. The
sold but not yet recognised sales of CNY120 billion carries a gross
profit margin of 22%-23% compared with 20% recognised in 2019.
High Non-Controlling Interest (NCI): Fitch expects NCI as a
percentage of Zhenro's equity to stay at 40%-45% in 2020-2024,
which is higher than the average of 'B+' peers. This reflects
Zhenro's reliance on cash from contracted sales and capital
contributions from non-controlling shareholders, which are mainly
developers, as a source of financing to expand scale. This lowers
Zhenro's need for debt funding, but creates potential cash leakage
and reduces further financial flexibility because homebuilders with
lower NCI can dispose of stakes in projects to reduce leverage.
DERIVATION SUMMARY
Zhenro's proportionally consolidated leverage in 2019 and 1H20 was
comparable with that of the 'BB-' peers. Zhenro has a quality land
bank, which is shown in its ASP of CNY15,321/sqm, and attributable
contracted sales of CNY67 billion in 2019 were comparable with
those of 'BB-' peers, such as Times China Holdings Limited
(BB-/Stable).
Zhenro's unsold attributable land bank at end-1H20 was equivalent
to around two to 2.5 years of GFA sold, which is shorter than that
of most 'BB-' peers, such as Risesun Real Estate Development
Co.,Ltd. (BB-/Stable). Zhenro's EBITDA margin is also lower than
most 'BB-' peers.
KEY ASSUMPTIONS
Fitch's key assumptions within Fitch's rating case for the issuer
include:
-- Attributable contracted sales of CNY76 billion-87 billion a
year in 2020-2024 (2019: CNY67 billion);
-- 0%-4% rise in ASP each year in 2020-2024 (2019:
CNY15,488/sqm);
-- Annual land premium to be maintained at around 2.5 years of
land bank life;
-- 0%-2% rise each year in average land costs in 2020-2024 (2019:
CNY5,968/sqm);
-- GFA acquired is 0.9x-1.0x of GFA sold in 2020-2024;
-- Selling, general and administrative expenses at 3.3%-3.5% of
contracted sales in 2020-2024.
Key Recovery Rating Assumptions:
-- Zhenro to be liquidated in a bankruptcy, as it is an asset
trading company;
-- 10% administration claims;
-- 60% advance rate applied to excess cash (available cash
CNY28,369 million - three-month contracted sales CNY16,819
million = excess cash CNY11,550 million);
-- 100% advance rate to restricted cash;
-- 70% advance rate to adjusted net inventory of Zhenro to
reflect its 20%-25% EBITDA margin;
-- 70% advance rate to accounts receivable;
-- 60% advance rate to net property, plant and equipment;
-- 40% advance rate to financial instrument;
-- 20% advance rate to investment properties.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- A longer record of leverage (net debt/adjusted inventory)
being sustained below 45% with land bank life in line with
high-churn peers;
-- EBITDA margin, after adding back capitalised interest in cost
of goods sold, above 20% for a sustained period.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Leverage (net debt/adjusted inventory) above 55% for a
sustained period;
-- EBITDA margin, after adding back capitalised interest in cost
of goods sold, below 15% for a sustained period.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.
LIQUIDITY AND DEBT STRUCTURE
Sufficient Liquidity: Zhenro had unrestricted cash of CNY33.6
billion at end-1H20, pledged deposits of CNY423 million, restricted
cash of CNY5.8 billion, undrawn bank credit facilities and an
unused onshore and offshore bond issuance quota for refinancing,
which were enough to cover short-term borrowings of CNY19.0
billion. Funding costs edged down as Zhenro continues to replace
its more expensive trust loans with lower-cost financing. The
proportion of trust loans declined to 9% in 1H20 from 35.8% in
2018.
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 to the way in which they are being
managed by the entity.
=========
I N D I A
=========
AL-AMAL DIAGNOSTIC: CRISIL Moves D Debt Rating From Not Cooperating
-------------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Al - Amal
Diagnostics (AAD) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Drop Line 6.4 CRISIL D (Migrated from
Overdraft 'CRISIL D ISSUER NOT
Facility COOPERATING')
CRISIL has been consistently following up with AAD for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 AAD, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on AAD is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of AAD to 'CRISIL
D Issuer not cooperating'.
AAD was setup in 1984 by Mr. Yousif Qabageh. It provides diagnostic
facilities to the gulf panel. The diagnostic center, is one of the
20 diagnostic centers in Mumbai which provide services to gulf
panel. It provides regular blood tests, eye test, X rays and
physical checkups. It has one clinic in Kurla.
AREMPEE COMPRESSORS: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: M/s. Arempree Compressors Private Limited
549/1-A, 1-B
Thadagam Road
Somaiyampalayam Post
Kanuvai, Coimbatore
TN 641108
Insolvency Commencement Date: December 23, 2020
Court: National Company Law Tribunal, Salem Bench
Estimated date of closure of
insolvency resolution process: June 21, 2021
Insolvency professional: Ayyampalayam Venkatesan Arun
Interim Resolution
Professional: Ayyampalayam Venkatesan Arun
10/2, Rams Court
Balaji Nagar 1st Cross
Advaitha Ashram Road
Salem, Tamil Nadu 636004
E-mail: avarun77@gmail.com
Last date for
submission of claims: January 6, 2021
BALAJI TECH: CRISIL Lowers Rating on INR2.25cr Loan to D
--------------------------------------------------------
CRISIL has downgraded its ratings on the bank facilities of Sri
Balaji Tech (SBT) to 'CRISIL D/CRISIL D Issuer Not Cooperating'
from 'CRISIL B/Stable/CRISIL A4 Issuer Not Cooperating'. The
downgrade reflects delays by SBT in servicing of debt obligations.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 0.75 CRISIL D (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL A4 ISSUER NOT
COOPERATING')
Drop Line 2.25 CRISIL D (ISSUER NOT
Overdraft Facility COOPERATING; Downgraded from
'CRISIL B/Stable ISSUER NOT
COOPERATING')
Letter of Credit .25 CRISIL D (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL A4 ISSUER NOT
COOPERATING')
Proposed Working .25 CRISIL D (ISSUER NOT
Capital Facility COOPERATING; Downgraded from
'CRISIL B/Stable ISSUER NOT
COOPERATING')
Secured Overdraft 3.50 CRISIL D (ISSUER NOT
Facility COOPERATING; Downgraded from
'CRISIL B/Stable ISSUER NOT
COOPERATING')
CRISIL has been consistently following up with SBT for obtaining
information through letters and emails dated June 29, 2019,
December 9, 2019, September 28, 2020 and December 21, 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 SBT which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SBT is consistent
with 'Assessing Information Adequacy Risk'.
CRISIL has downgraded its ratings on the bank facilities of SBT to
'CRISIL D/CRISIL D Issuer Not Cooperating' from 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.
The downgrade reflects delays by SBT in servicing of debt
obligations.
Set up in 2004, SBT manufactures valves, bushes and sleeves. The
operations of the firm are managed by Mr. Suresh Kumar. The firm is
located in Chennai.
BIPHA DRUG: CRISIL Withdraws D Rating on INR3.53cr Cash Loan
------------------------------------------------------------
CRISIL has withdrawn its rating on the bank facilities of Bipha
Drug Laboratories Private Limited (BDLPL) on the request of the
company and after receiving no objection certificate from the bank.
The rating action is in-line with CRISIL's policy on withdrawal of
its rating on bank loan facilities.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee .71 (ISSUER NOT COOPERATING;
Migrated from 'CRISIL D';
Rating Withdrawn)
Cash Credit 3.53 (ISSUER NOT COOPERATING;
Migrated from 'CRISIL D';
Rating Withdrawn)
Long Term Loan 2.76 (ISSUER NOT COOPERATING;
Migrated from 'CRISIL D';
Rating Withdrawn)
CRISIL has been consistently following up with BDLPL for obtaining
information through letters and emails dated October 27, 2020 and
November 25, 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 BDLPL. This restricts CRISIL's
ability to take a forward looking view on the credit quality of the
entity. CRISIL believes that rating action on BDLPL is consistent
with 'Assessing Information Adequacy Risk'. CRISIL has migrated the
ratings on the bank facilities of BDLPL to 'CRISIL D/CRISIL D
Issuer not cooperating'.
CRISIL has withdrawn its rating on the bank facilities of BDLPL on
the request of the company and after receiving no objection
certificate from the bank. The rating action is in-line with
CRISIL's policy on withdrawal of its rating on bank loan
facilities.
BDLPL manufactures ayurvedic products for formulations, healthcare
and personal care. The company was started in 1929 as SGA Pharmacy
(St George Ayurvedic Pharmacy). The name was changed to Bipha Drug
Laboratories in 1995, and in 2010 to Bipha Drug Laboratories Pvt
Ltd.
GANCO ENERGY: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Ganco Energy
India Private Limited (Ganco) to 'CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Open Cash 3 CRISIL D (ISSUER NOT COOPERATING;
Credit Rating Migrated)
Term Loan 7.65 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with Ganco for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 Ganco, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on Ganco is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of Ganco to
'CRISIL D Issuer not cooperating'.
It is engaged in manufacturing of solar panels and modules such as
batteries & street light pole. It is Visakhapatnam, Andhra Pradesh
based company and promoted by Mr. G. Appala Naidu and Mrs. G Chinni
Kumarilakshmi.
HOTEL PEARL: CRISIL Migrates D Debt Rating From Not Cooperating
---------------------------------------------------------------
Due to inadequate information, CRISIL, in line with SEBI
guidelines, had migrated the rating of Hotel Pearl Avenue (HPA) to
'CRISIL D Issuer Not Cooperating'. However, the management has
subsequently started sharing requisite information, necessary for
carrying out comprehensive review of the rating. Consequently,
CRISIL is migrating the rating on bank facilities of HPA to 'CRISIL
D' from 'CRISIL D Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Fund- 1.7 CRISIL D (Migrated from
Based Bank Limits 'CRISIL D ISSUER NOT
COOPERATING')
Term Loan 6.3 CRISIL D (Migrated from
'CRISIL D ISSUER NOT
COOPERATING')
CRISIL's rating on the long-term bank facilities of HPA continues
to reflect delays in servicing term debt obligation. The firm also
has a modest scale of operations and weak financial risk profile
because of high gearing and small networth. These weaknesses are
partially offset by promoters' experience.
Key Rating Drivers & Detailed Description
Weaknesses:
* Delays in servicing term debt obligation: The firm has been
irregular in paying instalments on term loan because of weak
liquidity. Company has been irregular in servicing its debt prior
to Feb 2020 and has not served its term debt obligations from the
month of Feb'20.
* Modest scale of operations: The firm's hotel turned operational
in August 2017. Nascent stages of operations is expected to impinge
on business risk profile over the medium term. Revenue till March
2020 was INR0.99 crore.
Strength:
* Extensive experience of promoters: Promoters have other ventures
in the real estate industry. One of the promoters, Mr. Praveen
Purohit, runs a guest house in Dehradun. This is expected to help
stabilise operations and business risk profile over the medium
term.
Liquidity Poor
Liquidity is poor marked by the delay in term debt obligation.
Rating Sensitivity factors
Upward factors
* Regularisation of payment of debt obligations
* Sustained improvement in scale of operation by 20% and
sustenance of operating margin, leading to higher cash accruals.
Set up in 2013 as a partnership firm by Mr. Praveen Purohit, Mr.
Deepak Negi, and Mr. Praveen Panwar, HPA operates a three-star
hotel, Hotel Pearl Avenue, in Mussoorie, Uttarakhand.
J. J. INT'L: CRISIL Moves D Debt Ratings to Not Cooperating
-----------------------------------------------------------
CRISIL has migrated the rating on bank facilities of J. J.
International (JJI) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 3.5 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Term Loan 2.5 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with JJI for obtaining
information through letters and emails dated September 29, 2020 and
October 26, 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 JJI, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on JJI is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of JJI to 'CRISIL
D Issuer not cooperating'.
Established in October 2017, JJI commenced rice milling operations
in January 2018. The firm is based in Pehowa, Haryana, and is
managed by Mrs Kamalpreet Kaur and Mrs Lakhwinder Kaur.
KAY BEE: CRISIL Moves D on INR7cr Credit in Not Cooperating
-----------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Kay Bee Cotgin
Private Limited (KBCPL) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 7 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with KBCPL for obtaining
information through letters and emails dated September 29, 2020 and
October 26, 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 KBCPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on KBCPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of KBCPL to
'CRISIL D Issuer not cooperating'.
Incorporated in 1997, KBCPL carries out cotton ginning and pressing
operations at its facility in Abohar, Punjab. The operations are
managed by Mr. Ashok Gandhi and family.
KESORAM INDUSTRIES: CRISIL Assigns D Rating to INR60cr Debentures
-----------------------------------------------------------------
CRISIL has assigned its 'CRISIL D' rating to the INR60 crore
optionally convertible debentures (OCDs) of Kesoram Industries
Limited (KIL) and has reaffirmed 'CRISIL D' rating on existing OCDs
and non-convertible debentures (NCDs). CRISIL has also withdrawn
its rating on the NCDs of INR60 crore on the company's request.
This is in line with CRISIL's policy on withdrawal of debt
instruments.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Optionally 60 CRISIL D (Assigned)
Convertible
Debentures
Optionally 400 CRISIL D (Reaffirmed)
Convertible
Debentures
Non Convertible 1,650 CRISIL D (Reaffirmed)
Debentures
Non Convertible 90 CRISIL D (Reaffirmed)
Debentures
Non Convertible 60 CRISIL D (Withdrawn)
Debentures
The ratings continue to reflect KIL's ongoing delays in servicing
its debt obligation, weak financial risk profile, stretched
liquidity and exposure to cyclicality in the cement industry. These
weaknesses are partially offset by the established market position
in cement industry and the long track record of the company.
KIL has been in default since January 2020. These irregularities
are mainly on account of KIL's liquidity mismatch and high
leverage. The company has received in-principle approval from its
existing lenders for implementing a resolution plan (RP) and August
31, 2020 has been set as the cut-off date. As per the in-principle
approved RP, existing lenders would receive upfront payment of
INR1600 crore adjusted for recoveries already done till the date of
implementation. In addition to upfront payment to lenders, the RP
also proposes to issue 10% equity in KIL and zero coupon optionally
convertible redeemable preference shares (OCRPS) including interest
upto the RP implementation date. The payment to existing lenders
would be funded through proceeds from non-convertible debentures
(NCD) and optionally convertible debentures (OCD). KIL has already
signed a binding term sheet with the investors for infusion of
funds through NCDs/OCDs.
Fund infusion would help regularise the delays in debt servicing
and augment liquidity for working capital and other business needs,
and thus would be key monitorables. Additionally, cash accrual is
expected to improve over the medium term owing to healthy cement
realisations, as seen in the first half of fiscal 2021, and shift
towards high margin PPC product. Cash accrual would still be
tightly matched against total funds needed to meet the debt
obligation, committed capital expenditure (capex) and working
capital requirement. The RP factors in equity infusion (in fiscal
2023) and debt refinancing (in fiscal 2026) apart from internal
accrual to support repayments to NCDs/OCDs.
Timely implementation of the RP, regularisation of over dues,
sustenance of improved operating performance, and track record of
timely debt servicing are crucial for improvement in KIL's credit
risk profile.
Analytical Approach
To arrive at its ratings, CRISIL has consolidated its wholly owned
subsidiary Cygnet Industries Limited (CIL), because KIL has
provided a corporate guarantee to the debt of CIL and both the
companies have a common management. KIL had demerged its tyre
business to Birla Tyres Ltd (BTL) in fiscal 2020. CRISIL has not
consolidated BTL, as both operate in different businesses and there
are no fungible cash flows or cross holdings between them.
Key Rating Drivers & Detailed Description
Weaknesses
* Delays in debt servicing: KIL has delayed meeting its debt
obligation since January 9, 2020, owing to liquidity mismatch and
the overdue position continues.
* Weak financial risk profile and stretched liquidity: Continued
losses at the profit after tax (PAT) level has eroded networth.
Debt protection metrics are also weak, as reflected in interest
coverage ratio of below 1 time and negative accrual in the past.
After the demerger of the loss-making tyre business, the metrics
are expected to improve due to the relatively strong performance of
the cement business. However, the same would continue to be modest
in relation to the total debt.
Liquidity is stretched, as seen in delay in debt servicing.
Liquidity is expected to improve post-infusion of funds from the
new investor and the moratorium (as per the RP) on its term
repayments. However, high premium payment on NCD/OCD redemption and
tightly matched cash flow will continue to exert pressure on
liquidity over the medium term. The RP factors in the equity
infusion to support the debt repayments once the OCD fall due in
fiscal 2023 and debt refinancing in fiscal 2026 in order to fully
retire the NCD.
* Exposure to cyclicality in the cement industry: Cement players,
including KIL, are susceptible to volatility in input cost due to
operating leverage in the cost structure. Furthermore, intense
competition may continue to constrain scalability, pricing power,
and profitability. Capacity additions in the commoditised cement
industry tend to be sporadic because of long gestation periods
associated with setting up new facilities, and the large number of
players adding capacities during the peak of a cycle. This has led
to unfavourable price cycles for the sector in the past. Cyclical
downturns in the industry result in slow sales, thereby
constraining the operating rate and the ability to pass on any rise
in input costs.
Strengths
* Established market position in the cement industry: KIL has
aggregate cement manufacturing capacity of 7.25 million tonne per
annum (mtpa) located in Karnataka and Telangana with the key
markets being the southern and western regions. Furthermore,
abundant availability of limestone at the captive mine and captive
power generation result in operational efficiency. Moreover,
benefits from the promoters' experience of over four decades, their
strong understanding of the local market dynamics, and healthy
relationships with customers and suppliers should continue to
support the business.
* Long track record of the company: KIL has been operating for over
10 decades (incorporated on October 18, 1919, as Kesoram Cotton
Mills Ltd) and is currently managed by Ms Manjushree Khaitan,
daughter of Mr. B K Birla after his demise in July 2019.
Liquidity Poor
Cash accrual is currently insufficient to meet debt obligation as
the company continues to have overdues in existing bank facilities.
Liquidity is expected to improve with long-term fund infusion from
new investors and moratorium on its term repayment. However, high
premium on NCD/OCD redemption and tightly matched cash flows would
continue to exert pressure on liquidity over the medium term.
Furthermore, internal accrual would be insufficient to service the
debt repayments and timely equity infusion and debt refinancing
would be crucial for meeting the debt obligation over the medium
term.
Rating Sensitivity Factors
Upward factors
* Successful implementation of the RP and sustainable improvement
in the financial risk profile
* Track record of timely debt servicing for at least 90 days post
regularisation of overdues
* Debt service coverage ratio of above 1 time on a sustainable
basis.
KIL, part of the B K Birla group of companies, is a diversified
conglomerate that manufactures cement and rayon. Cement contributed
88% of the consolidated revenue as on March 31, 2020, while the
remaining 12% is from rayon. The cement units have an aggregate
capacity of 7.25 mtpa and are located in Karnataka and Telangana.
The rayon, paper and chemical businesses are housed under 100%
subsidiary, CIL, whose plant is in West Bengal.
Earlier, during fiscal 2020, the National Company Law Tribunal has
approved demerger of the tyre business of KIL on November 8, 2019,
and the scheme became effective from December 4, 2019, with
appointed date being January 1, 2019. Demerger of the tyre business
is expected to improve KIL's credit risk profile as the cement
business has been consistently profitable while the tyre business
has been a drag on the overall performance.
For the first half of fiscal 2021, on a consolidated basis, KIL
reported net loss from continuing operations and total revenue of
INR10 crore and INR1,077 crore, respectively, against loss from
continuing operations and total revenue of INR3 crore and INR1,472
crore, respectively, in the corresponding period of the previous
fiscal.
For the first half of fiscal 2021, on a standalone basis, KIL
reported PAT and total revenue of INR50 crore and INR996 crore,
respectively, against PAT and total revenue of INR33 crore and
INR1,304 crore, respectively, in the corresponding period of the
previous fiscal.
LAMIFABS AND PAPERS: CRISIL Moves D Ratings to Not Cooperating
--------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Lamifabs and
Papers Private Limited (LPPL) to 'CRISIL D/CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee .75 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Cash Credit 11.00 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Long Term Loan 9.3 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Proposed Long 3.15 CRISIL D (ISSUER NOT COOPERATING;
Term Bank Rating Migrated)
Loan Facility
Term Loan 3.8 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with LPPL for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 LPPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on LPPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of LPPL to
'CRISIL D/CRISIL D Issuer not cooperating'.
Incorporated in 1982, LPPL manufactures plastic woven fabrics
(HDPE, polyethylene, and polypropylene), vermi beds, irrigation
pipes, pond linings, HDPE tarps, tarpaulins, and tents. The company
has two manufacturing units in Aurangabad, Maharashtra, with total
capacity of 3,200 tonne per annum.
LONGOWALIA YARNS: CRISIL Lowers Rating on INR68cr Loan to D
-----------------------------------------------------------
Due to inadequate information, CRISIL, in line with SEBI
guidelines, had migrated the rating of Longowalia Yarns Limited
(LYL) to 'CRISIL B+/Stable/CRISIL A4 Issuer Not Cooperating'.
However, the management has subsequently started sharing requisite
information, necessary for carrying out comprehensive review of the
rating. Consequently, CRISIL is downgrading the rating on bank
facilities of LYL to 'CRISIL D/CRISIL D' from 'CRISIL
B+/Stable/CRISIL A4 Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 68 CRISIL D (Downgraded from
'CRISIL B+/Stable ISSUER NOT
COOPERATING')
Letter of Credit 14 CRISIL D (Downgraded from
'CRISIL A4 ISSUER NOT
COOPERATING')
Long Term Loan 14.9 CRISIL D (Downgraded from
'CRISIL B+/Stable ISSUER NOT
COOPERATING')
Proposed Working 108.1 CRISIL D (Downgraded from
Capital Facility 'CRISIL B+/Stable ISSUER NOT
COOPERATING')
The ratings reflect LYL's weak liquidity, evident by instances of
delays in servicing its term debt obligation, and weak debt
protection metrics. These weaknesses are partially offset by
extensive experience of the promoter in the coal trading business.
Key Rating Drivers & Detailed Description
Weaknesses:
* Delays in servicing term debt obligation: LYL has been irregular
in paying its instalment on term loan due to weak liquidity; the
repayment due on September 30, 2020, was not serviced on time. Bank
lines have been extensively utilised, at an average of 94% during
the 12 months through November 2020, leaving not much cushion to
service debt obligations.
* Weak debt protection metrics: Debt protection metrics are likely
to remain subdued owing to declining cash accrual. Interest
coverage and net cash accrual to total debt ratios were modest at
1.9 times and 0.1 time, respectively, in fiscal 2020.
Strength
* Extensive experience of promoters: Mr. Gian Chand Garg has
experience of over 44 years in coal trading and about two decades
in the textile business. He is assisted by his sons, Mr. Sanjay
Garg and Mr. Sandeep Garg, who have been in the yarn segment for
over a decade. Clientele comprises reputed players such as Alok
Industries Ltd, Raymond Industries Ltd and Indian Acrylics Ltd.
Liquidity Poor
Liquidity is likely to remain weak, marked by consistent delays in
term debt obligation. Company had availed covid-19 moratorium.
Rating Sensitivity factors
Upward factors
* Regularisation of timely debt repayment
* Revenue growth of 20% per annum and steady profitability, leading
to higher-than-expected cash accrual
LYL (formerly, Amarson Yarns Ltd), incorporated in 1994, was
acquired by Mr. Gian Chand Garg in 2000. The company manufactures
acrylic, polyester, and blended yarn.
MAXVEL REALTECH: CRISIL Migrates D Ratings From Not Cooperating
---------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Maxvel
Realtech Private Limited (MRPL) to 'CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Long 6 CRISIL D (ISSUER NOT COOPERATING;
Term Bank Rating Migrated)
Loan Facility
Term Loan 14 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with MRPL for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of MRPL to
'CRISIL D Issuer not cooperating'.
MRPL, formerly known as Sanjay Cements Pvt Ltd, was incorporated in
1989, promoted by Mr. Rajinder Khurana, Mr. Rajender Saluja, Mr.
Siddharth Agarwal, and Mr. Amarjeet Singh. The company had not
undertaken any activity until October 2013. It is engaged in real
estate development.
MUMBAI INT'L: CRISIL Cuts Rating on INR330cr Loan to C
------------------------------------------------------
CRISIL has downgraded its rating on the project and ADF loans of
Mumbai International Airport Limited (MIAL) to 'CRISIL C' from
'CRISIL B'. The rating continues on 'Rating Watch with Negative
Implications'. The 'CRISIL C' rating on the company's INR350 crore
term loan against real estate deposits (RESD loans) and 'CRISIL A4'
rating on its short-term bank facilities remain on 'Rating Watch
with Negative Implications'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 330 CRISIL A4/Watch Negative
(Continues on 'Rating Watch
with Negative Implications')
Bank Guarantee# 175 CRISIL C/Watch Negative
(Downgraded from 'CRISIL B';
Continues on 'Rating Watch
with Negative Implications')
Cash Credit 330 CRISIL C/Watch Negative
(Downgraded from 'CRISIL B';
Continues on 'Rating Watch
with Negative Implications')
Letter of Credit 250 CRISIL A4/Watch Negative
(Continues on 'Rating Watch
with Negative Implications')
Letter of Credit* 50 CRISIL C/Watch Negative
(Downgraded from 'CRISIL B';
Continues on 'Rating Watch
with Negative Implications')
Rupee Term Loan 8296.74 CRISIL C/Watch Negative
(Downgraded from 'CRISIL B';
Continues on 'Rating Watch
with Negative Implications')
Rupee Term Loan 350 CRISIL C/Watch Negative
(Continues on 'Rating Watch
with Negative Implications')
# Financial guarantee. Interchangeable with rupee term loan
* Interchangeable with sight letter of credit, usance letter of
credit, buyer's credit, inland letter of credit to the extent of
INR15 crore, performance bank guarantee, financial bank guarantee
to the extent of INR40 crore and revolving short-term loan to the
extent of INR20 crore.
The rating action reflects MIAL's continuing weak liquidity profile
and possibility of delay in final decision and / or implementation
of resolution plan beyond December 31, 20201. Liquidity profile for
MIAL has remained weak, due to delay in recovery of demand in
airline passenger traffic post Covid-19 induced disruptions, and
will lead to challenges in debt servicing in fiscal 2021.
MIAL had applied for restructuring its ADF, project and working
capital loan facilities in line with the Reserve Bank of India
(RBI) circular dated June 7, 2019, under the change in management
clause. The company has requested lenders to take September 30,
2020, as the cut-off date for the proposed restructuring.
Subsequently, it has not serviced debt obligations from
September 30, 2020 onwards. As the application for restructuring
was made before the debt obligation was due and as the cash flow of
MIAL has been severely impacted because of Covid-19 related
disruptions, CRISIL is not treating the missed debt obligation as
default. This is in line with the August 2020 circular of the
Securities and Exchange Board of India.
CRISIL is in discussion with MIAL and its lenders on the
restructuring application and will take a final rating action based
on clarity on final decision on restructuring proposal and/ or
regulatory directions regarding treatment of delays in debt
servicing.
CRISIL has noted that Adani Airport Holdings Limited (AAHL) has
entered into binding agreements with: (i) Bid Services Division
(Mauritius) Limited for the acquisition of 13.5% of paid up equity
share capital of MIAL; and (ii) ACSA Global Limited ('ACSA') for
acquisition ~10% of paid up equity share capital of MIAL. CRISIL
has also noted the intent of MIALs promoter companies (GVK group)
to cooperate with AAHL in acquisition of their holding company
level debt by AAHL from its various lenders. Upon acquisition of
this debt, AAHL may convert the acquired debt to equity in MIALs
promoter companies on mutually agreed terms, subject to obtaining
necessary regulatory approvals. These developments can have bearing
on MIALs credit profile hence will be a monitorable.
The ratings reflect MIAL's exposure to risks associated with
construction of a greenfield airport at Navi Mumbai and weakened
liquidity on account of delay in real estate monetisation. These
weaknesses are partially offset by the company's strong market
position as the developer and operator of Chhatrapati Shivaji
Maharaj International Airport, Mumbai, and regulated returns from
aeronautical (aero) revenue.
Analytical Approach
For arriving at the ratings, CRISIL has combined the business and
financial risk profiles of MIAL and Navi Mumbai International
Airport Ltd (NMIA). This is because both airports will serve the
common catchment of the Mumbai Metropolitan Area and have common
management and board members, leading to a complementary strategy
in the operations phase. Furthermore, MIAL is likely to provide
timely, need-based support to NMIA for project implementation and
stabilisation of operations.
Key Rating Drivers & Detailed Description
Weaknesses:
* Weakened liquidity and dependence on real estate monetisation for
RESD loans: More-than-expected equity infusion in NMIA, delays in
real estate monetisation and weakening cash flow on account of the
pandemic has hit MIAL's cash liquidity. It has unencumbered cash of
above INR600 crore in escrow account as of November 30, 2020. This
weakened liquidity profile and pandemic hit operations have
constrained ability to service debt, and the company has requested
its lenders to restructure its debt. The lenders' final view on the
said proposal and recovery in traffic at airports will be important
determinants of MIAL's credit profile.
The company had RESD loan of around INR302 crore (including accrued
interest during moratorium period) on September 1, 2020, to be
repaid from proceeds of real estate lease deposits. There have been
prolonged delays in monetisation of around 17 acres. This has led
to pressure on liquidity for servicing of RESD loans.
* Exposure to regulatory risks: The regulatory regime for airport
operators in India is still evolving as is evident from the delay
in the release of various control period tariff orders. The tariff
order of the second control period will continue till December 2020
as per recent AERA Order Risks associated with regulatory
uncertainty remain, including timeliness in the tariff-setting
process. Furthermore, the excess tariff collected in the second
control period may be trued-down and lead to a tariff decline in
the third control period (scheduled from fiscals 2020 to 2024).
* Implementation risks associated with the NMIA project: NMIA's
project is expected to be executed over three years. While the
project may benefit from a regulated tariff structure and healthy
demand potential, it will remain exposed to timely implementation
and ramp-up risks.
Strengths:
* Strong market position as the developer and operator of the
Chhatrapati Shivaji Maharaj International Airport, Mumbai: MIAL is
the exclusive developer and operator of the second largest airport
in India. The airport is strategically located in the heart of a
key metro city, thereby attracting a strong flow of domestic and
international passengers. It also enjoys exclusivity for 30 years
(extendable by 30 years).
Traffic has fallen on account of economic slowdown and travel
restrictions because of the pandemic. Passenger traffic declined
more than 90% in April-August 2020 in comparison to the
corresponding period of the previous year. That said, attractive
location and a large catchment area should ensure recovery in
traffic as the economy normalises.
* Regulated returns in the form of aero revenue: There are three
major revenue streams: aero, non-aero and real estate. Aero formed
around 50% of revenue in fiscal 2020 and is regulated by Airport
Economic Regulatory Authority. It is fairly visible and stable
given that there is fixed return on aero capex and true-up of
revenue.
Furthermore, MIAL is structured as a special-purpose vehicle and
cash flow is ring-fenced. Supervision by AAI, with its board
presence, for strategy decisions and related-party transactions,
presence of an escrow account with a payment waterfall
mechanism'ensuring priority of loan repayment-and a debt service
reserve account (DSRA) support the credit risk profile.
Liquidity Poor
MIAL has unencumbered cash balance of over INR600 crore in the
escrow proceeds account as on November 30, 2020. Given the current
state of operations, the ability to generate accrual in the near
term is curtailed.
MIAL has not paid debt obligation from September 30, 2020 onwards,
as it has applied for restructuring of the debt. MIAL has indicated
that the DSRA of around INR213 crore has not been utilised for debt
repayment following the request for restructuring with September
30, 2020, as the cut-off date.
Rating Sensitivity factors
Upward factors
* For RESD loans: Higher and faster raising of real estate
deposits resulting in timely servicing of debt and build-up of cash
buffer along with regularisation of debt servicing
* For project loans: Faster ramp-up in cash flow streams and
build-up of adequate and sustainable cash buffer along with
regularisation of debt servicing
Downward factors
* For project loans: Rejection of restructuring application by
the lenders
* For project and RESD loans: Delay in real estate monetisation
and raising of real estate deposits of INR500-700 crore and
steeper-than-expected fall in tariff
MIAL was incorporated in 2006 to operate, modernise and expand the
Chhatrapati Shivaji Maharaj International Airport in Mumbai under a
30-year concession expiring in 2036 (extendable by 30 years). The
company is a joint venture of the GVK group (50.5% held through GVK
Airport Holdings Ltd), AAI (26%), Bid Services Division (Mauritius)
Ltd (13.5%) and ACSA Global Ltd (10%). In February 2017, MIAL bid
for the development of the Navi Mumbai airport and emerged as the
highest bidder. The project is being implemented through a
subsidiary.
NARBADA DAIRY: CRISIL Migrates D Debt Ratings to Not Cooperating
----------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Narbada Dairy
Foods And Farms Private Limited (Narbada) to 'CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 1 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Proposed Long 6.5 CRISIL D (ISSUER NOT COOPERATING;
Term Bank Rating Migrated)
Loan Facility
Term Loan 7.94 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with Narbada for
obtaining information through letters and emails dated September
29, 2020 and October 26, 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 Narbada, which restricts
CRISIL's ability to take a forward looking view on the entity's
credit quality. CRISIL believes that rating action on Narbada is
consistent with 'Assessing Information Adequacy Risk'. Therefore,
on account of inadequate information and lack of management
cooperation, CRISIL has migrated the rating on bank facilities of
Narbada to 'CRISIL D Issuer not cooperating'.
Narbada was incorporated in September 2012 by Mr. Shashanka Pandey
and his brother, Mr. Sujeet Pandey. The company operates a fully
mechanized dairy farm in Potiya (Durg; Chhattisgarh) and sells
unprocessed milk.
RAGHU EDUCATIONAL: CRISIL Lowers Rating on INR7cr Loan to D
-----------------------------------------------------------
CRISIL has downgraded its rating on the bank loan facilities of
Raghu Educational Society (RES) to 'CRISIL D' from 'CRISIL
BB-/Stable'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 3.5 CRISIL D (Downgraded from
'CRISIL BB-/Stable')
Long Term Loan 5.5 CRISIL D (Downgraded from
'CRISIL BB-/Stable')
Proposed Long 7.0 CRISIL D (Downgraded from
Term Bank 'CRISIL BB-/Stable')
Loan Facility
The downgrade reflects the delay in servicing of repayment on term
debt obligations by the society from September 2020 to November
2020.
The ratings also reflect established regional presence in
Visakhapatnam, Andhra Pradesh, supported by its promoter's
extensive experience in the education segment. These strengths are
partially offset by the society's susceptibility to regulatory
changes in the education sector and geographic concentration in its
revenue profile.
Key Rating Drivers & Detailed Description
Weaknesses:
* Delay in payment of principal and interest on term loan: Due to
Covid-19 pandemic, liquidity was constrained and led to delay in
repayment of term loan from September 2020 to November 2020.
* Susceptibility to adverse regulatory changes in the education
sector: Business risk profile remains susceptible to regulatory
changes in education sector, along with limited geographical
diversity. The education sector faces a high degree of regulation
from various governmental and quasi-governmental agencies. Same
exposes the society to any adverse regulatory changes in the
education sector.
* Geographic concentration in its revenue profile: RES derives its
revenues from its campus in Visakhapatnam, and the students belong
mainly to this region. This leads to a geographic concentration in
its revenue profile. Besides, RES, like other colleges in the area,
faces competition from many reputed universities and colleges in
Visakhapatnam and in other parts of Andhra Pradesh. CRISIL believes
that any increase in competition and slowdown in student intake
because of shift in student preference to other competing
institutes can impact the society's business risk profile.
Strengths:
* Extensive industry experience of promoter: Management committee
is headed by Mr. Kalidindi Raghu, who has an extensive experience
of around two decades in the educational domain. Over the years,
Mr. Raghu's expertise and experience in the subject domain has
ensured an established presence in the coastal districts of Andhra
Pradesh such as Visakhapatnam
* Established regional position in education sector, with variety
of course offerings: Established in the year 1996, the RES is
reputed in Visakhapatnam for running schools, and degree,
post-graduate, and professional colleges under the Raghu brand.
These institutes have proven results and healthy placement track
records, thus influencing prospective students.
Liquidity Poor
Liquidity remains weak, as reflected by delay in servicing of
repayment from September 2020 to November 2020, amidst the Covid-19
pandemic. The society has not availed the moratorium on its bank
loan and has not applied for Covid related One Time Debt
Restructuring. Due to the extended lockdown, the fee collections
have been affected leading to lower accruals constraining the
liquidity in the medium term.
Rating Sensitivity Factors:
Upward factors
* Timely servicing of debt obligations for at least three months
* Improvement in liquidity, supported by collection of fee and
receivables from government.
RES, a society was established in 1996, and the overall operations
of the trust are being managed by its promoter director Mr.
Kalidindi Raghu. It runs a number of schools, and degree,
post-graduate, and professional colleges under the Raghu brand. Its
schools and colleges are located in and around Visakhapatnam
(Andhra Pradesh).
RAGHUKUL COTTEX: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Raghukul Cottex and Processing Private Limited
R.S. No. 318/1
Nr. Dhuadhar Khodiyar Temple
Jasdan Ahmedabad Highway
Lilapur, Jasdan
Gujarat 360050
Insolvency Commencement Date: December 22, 2020
Court: National Company Law Tribunal, Ahmedabad Bench
Estimated date of closure of
insolvency resolution process: June 20, 2021
(180 days from commencement)
Insolvency professional: Mr. Shalabh Kumar Daga
Interim Resolution
Professional: Mr. Shalabh Kumar Daga
405, Atlantis Enclave
Above Dinner Bell Restaurant
Subhash Chowk
Gurukul, Memnagar
Ahmedabad 380052
Gujarat, India
E-mail: jlnus.ahd@gmail.com
raghukul.cirp@gmail.com
Last date for
submission of claims: January 5, 2021
RAMKY WAVOO: CRISIL Lowers Rating on INR100cr Term Loan to D
------------------------------------------------------------
CRISIL has downgraded its rating on the long-term bank facilities
of Ramky Wavoo Developers Private Limited (RWDPL) to 'CRISIL D'
from 'CRISIL BB-/Stable'. The downgrade reflects recent delays in
the repayment of loans due to cash flow mismatches.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Term Loan 100 CRISIL D (Downgraded from
'CRISIL BB-/Stable')
The rating reflects the geographical concentration in revenue,
susceptibility to risks inherent in the Indian real estate industry
and a below average financial risk profile. These weaknesses are
partly offset by extensive experience of the promoter in the real
estate sector.
Key Rating Drivers & Detailed Description
Weaknesses:
* Below average financial risk profile: The financial risk profile
is marked by moderate reliance on bank borrowing to fund projects,
and modest liquidity because of promoter fund support and expected
cash flow from unsold inventory in previous projects. The gearing
was at 3.69 times as on March 31, 2020.
* Geographical concentration in revenue: The entire revenue is
derived from Chennai, and the company is susceptible to changes in
local laws and economic cycles in the region.
* Susceptibility to risks inherent in the Indian real estate
industry: The real estate sector in India is cyclical and has
volatile prices, opaque transactions, and a highly fragmented
market structure because of the presence of several regional
players. Moreover, multiplicity of property laws and
non-standardised government regulations are likely to affect the
tenure of project execution. The risk is compounded by aggressive
completion timelines and shortage of manpower (project engineers
and skilled labour) in this sector. Absence of regulatory
certifications on land titles exposes real estate developers to
legal risks. Also, high transaction costs discourage the
development of a robust secondary market, leading to pressure on
liquidity.
Strength:
* Extensive industry experience of the promoter: The promoter's
experience of over 20 years and an established market position in
the real estate sector in Chennai should continue to support the
business risk profile.
Liquidity Poor
Liquidity is stretched, as reflected in delays in the repayment of
loans in the months of September and October 2020 due to cash flow
mismatches. Given the market condition presently due to COVID-19
the booking had also been modest resulting in lower than expected
receipt of customer advances.
Rating Sensitivity factors
Upward factors:
* Track record of timely repayment of debt
* Significant improvement in cash flows supported by better than
expected bookings and better construction progress
RWDPL, promoted by Mr. W S Habib, develops real-estate in Chennai.
It has developed four projects so far.
RAVI TEXO: CRISIL Migrates D Debt Rating to Not Cooperating
-----------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Ravi Texo Fab
Private Limited (RTFPL) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 6.5 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with RTFPL for obtaining
information through letters and emails dated September 29, 2020 and
October 26, 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 RTFPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on RTFPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of RTFPL to
'CRISIL D Issuer not cooperating'.
RTFPL, incorporated in November 1994 at Panipat, Haryana, trades in
all types of yarn, fabrics, and handloom goods. The company is
managed by Mr. Vaibhav Khurana.
RELIANCE INDUSTRIES: Ambani, Firm Fined US$5.5M for Trading Breach
------------------------------------------------------------------
P R Sanjai at Bloomberg News reports that India's market regulator
ordered billionaire Mukesh Ambani and his conglomerate Reliance
Industries Ltd. to pay a combined penalty of INR400 million (US$5.5
million) for allegedly violating share-trading rules about 13 years
ago.
In its order dated Jan. 1, the Securities and Exchange Board of
India said Reliance and its agents operated to allegedly earn undue
profits from the sale of shares in Reliance Petroleum Ltd., a
former unit, in both the cash and futures markets. Reliance
Industries needs to pay INR250 million and Ambani, the chairman, is
liable for the alleged manipulative trading, Sebi said, Bloomberg
relays.
After years of investigation, Sebi observed in 2017 that Reliance,
along with 12 unlisted trading houses, carried out unlawful
transactions in the shares of Reliance Petroleum. They bought stock
between March and November of 2007, and then the company took short
positions -- bets that the share price would fall -- in November
futures before starting to sell the stock in order to push down the
price, according to Sebi.
Bloomberg relates that the same year, the regulator also told the
companies to return gains of INR4.47 billion plus interest and
banned Reliance from trading futures and options on India's equity
markets for a year. Reliance had appealed the order saying they
were "unjustifiable sanctions" on genuine transactions carried out
in the interest of shareholders.
Reliance Petroleum merged with Reliance Industries in 2009. The
petroleum entity was a listed subsidiary of the Ambani-owned firm
and owned a 580,000 barrel-a-day refinery in a special economic
zone at Jamnagar in the western Indian state of Gujarat, where the
group has the world's largest refining and petrochemicals complex.
RK-CPR (JV): CRISIL Migrates D on INR30cr Loans to Not Cooperating
------------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of RK-CPR (JV)
(RK-CPR) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 30 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with RK-CPR for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 RK-CPR, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on RK-CPR is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of RK-CPR to
'CRISIL D Issuer not cooperating'.
Established in 2012, RK-CPR (JV) is engaged in residential real
estate construction business in Hyderabad, Telanagana. It is joint
venture between CPR Construction Pvt Ltd and R.K.Infracorp Pvt Ltd.
The firm has two on-going projects under the name 'Palmridge' and
'BellaVista'. The firm is promoted and managed by Mr.K V Chalapati
Reddy.
SHAAN TECHNOLOGIES: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: M/s. Shaan Technologies India Private Limited
No. 36, Mayura Complex
48 Dhanappa Mudali Street
Madurai, Tamil Nadu 625001
India
Insolvency Commencement Date: December 23, 2020
Court: National Company Law Tribunal, Salem Bench
Estimated date of closure of
insolvency resolution process: June 21, 2021
Insolvency professional: Uthukuli Venkat Rao Sujatha
Interim Resolution
Professional: Uthukuli Venkat Rao Sujatha
10/2, Rams Court
Balaji Nagar 1st Cross
Advaitha Ashram Road
Salem, Tamil Nadu 636004
E-mail: suja2122@gmail.com
Last date for
submission of claims: January 6, 2021
SHIVA ENERGY: CRISIL Moves D Debt Ratings to Not Cooperating
------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Shiva Energy
Resources Private Limited (SERPL) to 'CRISIL D/CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 2.5 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Long Term Loan 14.9 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with SERPL for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 SERPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SERPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of SERPL to
'CRISIL D/CRISIL D Issuer not cooperating'.
SERPL owns a 3.5-megawatt hydropower generation project. It has
entered into a 40-year PPA with Himachal Pradesh State Electricity
Board at INR3.08 per unit. Operations began in May 2018.
SHRINET AND SHANDILYA: CRISIL Cuts Rating on INR25cr Loan to D
--------------------------------------------------------------
CRISIL has downgraded the ratings of Shrinet and Shandilya
Construction Private Limited (SSCPL) to 'CRISIL D/CRISIL D Issuer
Not Cooperating' from 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 25 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL A4 ISSUER
NOT COOPERATING')
Overdraft 2 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL A4 ISSUER
NOT COOPERATING')
Proposed Bank 1.5 CRISIL D (ISSUER NOT COOPERATING;
Guarantee Downgraded from 'CRISIL B+/Stable
ISSUER NOT COOPERATING')
CRISIL has been consistently following up with SSCPL for obtaining
information through letters and emails dated January 31, 2020,
February 19, 2020 and December 18, 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
The rating reflects instances of continuous overutilization in OD
limit for over 30 days from the month of September 2020.
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of SSCPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SSCPL is consistent
with 'Assessing Information Adequacy Risk'. .
Therefore, on account of inadequate information, lack of management
cooperation and of continuous overutilization in OD limit for over
30 days, the ratings on the bank facilities of SSCPL has been
downgraded to 'CRISIL D/CRISIL D Issuer Not Cooperating' from
'CRISIL B+/Stable/CRISIL A4 Issuer Not Cooperating'.
SSCPL, is a Ghaziabad, Uttar Pradesh based company, is involved in
providing service of Solar Products & Equipment, Solar Panels in
India.
SOLO METALS: CRISIL Migrates D Debt Ratings to Not Cooperating
--------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Solo Metals
Private Limited (SMPL) to 'CRISIL D/CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 1.5 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Cash Credit 23.25 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with SMPL for obtaining
information through letters and emails dated September 29, 2020 and
October 26, 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 SMPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on SMPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of SMPL to
'CRISIL D/CRISIL D Issuer not cooperating'.
SMPL was incorporated in 2005, by the promoter, Mr. Jawahar Singh
Saroha and his son, Mr. Saket Saroha. The company manufactures
steel billets at its facility in Wada, Maharashtra.
SUDHIR AGRO: CRISIL Lowers Rating on INR6cr Cash Loan to D
----------------------------------------------------------
CRISIL has downgraded its ratings on the bank facilities of Sudhir
Agro Oils Private Limited (SAOPL; part of Sudhir Group) to 'CRISIL
D/CRISIL D Issuer Not Cooperating' from 'CRISIL B/Stable/CRISIL A4
Issuer Not Cooperating'. The downgrade reflects the delays in debt
servicing as per information available in public domain and through
banker.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 6 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL B/Stable
ISSUER NOT COOPERATING')
Letter of Credit 36 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL A4 ISSUER
NOT COOPERATING')
CRISIL has been consistently following up with SAOPL for obtaining
information through emails and 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 has
not received any information on either the financial performance or
strategic intent of Sudhir Group, which restricts CRISIL's ability
to take a forward looking view on the entity's credit quality.
CRISIL believes information available on Sudhir Group is consistent
with 'Assessing Information Adequacy Risk'.
CRISIL has downgraded its ratings on the bank facilities of SAOPL
to 'CRISIL D/CRISIL D Issuer Not Cooperating' from 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'. The downgrade reflects
the delays in debt servicing as per information available in public
domain and through banker.
Analytical Approach
For arriving at the ratings, CRISIL has combined the business and
financial risk profiles of SAOPL and Amar Nath Harbans Lal (ANHL).
This is because both these entities, collectively referred to as
the Sudhir group, have common management and same line of
business.
SAOPL was incorporated in 1993, and is managed by Shri Prem Kumar,
the company is in the business of whole sale trade business in
Edible and non-edible oils e.g. Cotton seed Oils, Mustard Oils,
Sunflower Oils, Soya Oils, Soya DOC. The company supplies this raw
material to various manufacturing units and customers throughout
India. The company imports around 70% of its requirement.
ANHL incorporated in 1947 is currently managed by Shri Prem Kumar,
the company is in the business of whole sale trade business in
Edible and non-edible oils e.g. Cotton seed Oils, Mustard Oils,
Sunflower Oils, Soya Oils, Soya DOC. The company supplies this raw
material to various manufacturing units and customers throughout
India. All the procurement happens from domestic market.
TENNY JOSE: CRISIL Lowers Rating on INR20cr Loan to D
-----------------------------------------------------
CRISIL has downgraded its ratings on the bank facilities of Tenny
Jose Limited (TJL) to 'CRISIL D/CRISIL D Issuer Not Cooperating'
from 'CRISIL BB+/Stable/CRISIL A4+ Issuer Not Cooperating'. The
downgrade reflects delays by TJL in servicing of debt obligations.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 12 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL BB+/
Stable ISSUER NOT COOPERATING')
Letter Of
Guarantee 20 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL A4+
ISSUER NOT COOPERATING')
Letter of Credit 3 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL A4+
ISSUER NOT COOPERATING')
Term Loan 1.83 CRISIL D (ISSUER NOT COOPERATING;
Downgraded from 'CRISIL BB+/
Stable ISSUER NOT COOPERATING')
CRISIL has been consistently following up with TJL for obtaining
information through letters and emails dated July 29, 2019,
September 23, 2019, September 27, 2019 and June 29, 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it 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 TJL. Which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on TJL is consistent
with 'Assessing Information Adequacy Risk'.
CRISIL has downgraded its ratings on the bank facilities of TJL to
'CRISIL D/CRISIL D Issuer Not Cooperating' from 'CRISIL
BB+/Stable/CRISIL A4+ Issuer Not Cooperating'.
The downgrade reflects delays by TJL in servicing of debt
obligations.
Incorporated in 2012 in Thrissur, Kerala, and promoted by Mr. Tenny
Jose, TJL is engaged in trading and distributorship of writing and
printing paper, and steel and steel products. The company is
expected to begin trading dry fruits and cereals from August 2018.
THORAT MILK: CRISIL Migrates D Debt Ratings to Not Cooperating
--------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Thorat Milk
and Milk Products (TMMP) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 12 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Proposed Long Term 2.5 CRISIL D (ISSUER NOT
Bank Loan Facility COOPERATING; Rating Migrated)
Term Loan 12.5 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
CRISIL has been consistently following up with TMMP for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 TMMP, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on TMMP is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of TMMP to
'CRISIL D Issuer not cooperating'.
TMMP was set up in 2008 as a partnership between Mr. Sachin Thorat
and Ms Umali Thorat. This Miraj (Maharashtra)-based firm processes
milk to make ghee, lassi, and cream; it recently also started
manufacturing skimmed milk powder and butter.
TRIMULA G BASMATI: CRISIL Migrates D Debt Rating to NonCooperating
------------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Trimula G
Basmati Private Limited (TBPL) to 'CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 14.25 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with TBPL for obtaining
information through letters and emails dated September 29, 2020 and
October 26, 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 TBPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on TBPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of TBPL to
'CRISIL D Issuer not cooperating'.
TBPL was incorporated by Mr. Sudhir Kumar, Mr. Shilpi Kumar, and
Mr. Ankur Kumar in 2009. It mills basmati rice at its unit in
Nehtaur (Uttar Pradesh). The facility has milling and sorting
capacity of 5 tonne per hour each.
V.R. FOUNDRIES: CRISIL Moves D Debt Ratings to Not Cooperating
--------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of V.R. Foundries
(VRF) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bill 4 CRISIL D (ISSUER NOT COOPERATING;
Discounting Rating Migrated)
Cash Credit 15 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
Term Loan 42 CRISIL D (ISSUER NOT COOPERATING;
Rating Migrated)
CRISIL has been consistently following up with VRF for obtaining
information through letters and emails dated September 29, 2020 and
October 26, 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 VRF, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on VRF is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of VRF to 'CRISIL
D Issuer not cooperating'.
Established as a partnership firm by in 1974, Coimbatore-based VRF
produces grey iron castings used in the engineering, automobile,
textile, and agricultural sectors. Mr. V Rajendran and his family
members are the partners.
VIJAY NIRMAN: CRISIL Migrates D Debt Ratings to Not Cooperating
---------------------------------------------------------------
CRISIL has migrated the rating on bank facilities of Vijay Nirman
Company Private Limited (VNCPL) to 'CRISIL D/CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 520.3 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Cash Credit 250 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Proposed Bank 29.7 CRISIL D (ISSUER NOT
Guarantee COOPERATING; Rating Migrated)
CRISIL has been consistently following up with VNCPL for obtaining
information through letters and emails dated December 7, 2020 and
December 12, 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 VNCPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes that rating action on VNCPL is consistent
with 'Assessing Information Adequacy Risk'. Therefore, on account
of inadequate information and lack of management cooperation,
CRISIL has migrated the rating on bank facilities of VNCPL to
'CRISIL D/CRISIL D Issuer not cooperating'.
VNCPL was set up as a proprietorship firm in 1982 (Vijay Nirman
Company) by first-generation entrepreneur, Mr. S Vijayakumar, and
reconstituted as a private limited company in 1994. The company
executes civil contracts on turnkey basis. It constructs
residential/commercial buildings, roads, bridges, metros, railways,
industrial infrastructure, and piling works across India for Public
Works Department and other government entities; and private
companies.
=================
I N D O N E S I A
=================
GARUDA INDONESIA: To Get State Injections through MCB Issuances
---------------------------------------------------------------
The Jakarta Post reports that national flag carrier Garuda
Indonesia and state-owned steelmaker PT Krakatau Steel issued on
Dec. 28, 2020, mandatory convertible bonds (MCB) worth trillions of
rupiah as a means to receive a state capital injection to weather
the economic downturn caused by the coronavirus outbreak.
According to the Post, the MCB agreements were signed separately by
the companies with state-owned infrastructure financing company PT
Sarana Multi Infrastruktur (SMI), which is appointed to carry out
such investments allocated in the government's national economic
recovery program.
Garuda issued IDR1 trillion (US$70.6 million) in MCBs with a
three-year tenure from a total of IDR8.5 trillion worth of planned
MCBs in a span of seven years to improve the company's liquidity,
solvability and to cover operational costs. The remaining IDR7.5
trillion will be issued gradually, said Garuda Indonesia president
director Irfan Setiaputra, the Post relays.
Headquartered in Jakarta, Indonesia, government-owned airline PT
Garuda Indonesia -- http://www.garuda-indonesia.com/-- currently
has a fleet of about 77 aircraft offering service to some 27
domestic and 33 international destinations. Under its Citilink
brand, it serves 10 other domestic routes. Garuda also ships about
200,000 tons of cargo a month and operates a computerized tracking
system.
=========
N E P A L
=========
ANNAPURNA HOTEL: To Close Doors Indefinitely Due to Severe Losses
-----------------------------------------------------------------
The Kathmandu Post reports that the iconic Annapurna Hotel on
Durbar Marg is closing its doors for an indefinite period due to a
severe loss of revenue as the coronavirus snuffed out the tourism
industry.
Established in 1965, the Annapurna is one of Nepal's oldest
five-star properties. Its closure highlights the deep trouble in
the tourism industry, insiders said, the Post relays.
A formal announcement of the closure has not been made, but
Executive Director Sreejana Rana said the process to shut down the
hotel had started. More than 60 of the staff have already resigned.
"We have asked the employees to take voluntary retirement," Ms.
Rana told the Post.
According to the Post, the Annapurna's closure means its 360
employees will lose their jobs. But industry insiders said that the
hotel planned to give voluntarily retirement to old employees as
they had become a big liability to the company, the Post relates.
With new global chains and modern innovations making inroads into
Nepal's tourism, the venerable Annapurna is being weighed down by
its old employees, most of whom are more than 50 years of old, the
report notes.
"The problem is not only of the Annapurna, hotels like the Soaltee
and the Radisson, among others, are facing similar problems," the
Post quotes an Annapurna employee who has spent more than three
decades at the hotel as saying. Among the 10 five-star hotels in
the Kathmandu Valley, the Annapurna and the Malla are currently
shuttered, the Post notes.
Ms. Rana admits that if they have to compete in the market, they
would need to completely revamp their property and the productivity
of the workers. "We are not closing permanently. As we don't see
the tourism market recovering by 2021, we cannot afford to become
bankrupt by then," the Post quotes Ms. Rana as saying. "We have
plans to come back, but we are not sure when."
Started as the Hotel de l' Annapurna in 1965, the 149-room hotel
occupies 44 ropanis of land (22,385 square metres) in the heart of
Kathmandu. According to Ms. Rana, her family including her husband
Kapil SJB Rana own more than 85 percent of the shares of the hotel.
The Nepal Trust owns 5 percent and the Khetan Group holds less than
2 percent of the shares.
[*] NEPAL: Court Orders Sugar Mills to Pay Farmers in One Month
---------------------------------------------------------------
The Kathmandu Post reports that the Supreme Court has issued an
interim order to sugar mills to settle outstanding payments to
sugarcane farmers within one month.
Justice Kumar Regmi issued the order on Dec. 31, 2020, ruling that
payment to sugarcane farmers was directly related to the basic
right provided by the Constitution of Nepal.
Pleading on behalf of the applicant, advocate Punya Prasad
Khatiwada said that the recent agreement made between the
government and sugarcane farmers that they would get their money
within 21 days may not be implemented too, as a similar previous
accord had gone unimplemented, the report relates.
"If the interim order issued by the Supreme Court is not
implemented, that will constitute contempt of court, and
proceedings can be initiated accordingly," Khatiwada told the
Post.
According to the Post, the application to the Supreme Court was
made a few days after the farmers launched a protest demanding
settlement of long-standing arrears of payment for their sugarcane
crops sold to sugar mills.
The Post relates that the applicants have also demanded that the
expenses of the farmers who have come from their villages to
Kathmandu including their health check-up costs should be paid. "We
have also asked for compensation for the family of the sugarcane
farmer who died of a heart attack on Tuesday," Khatiwada said.
"Anyone can clearly see that great injustice has been done to the
sugarcane farmers by not paying them immediately for their crops
while there was high demand in national and international markets
for the sugar manufactured from their sugarcane," reads the interim
order.
"It is a basic and universally accepted principle that anyone who
sells a product in the market should get payment for it
immediately. But the sugarcane farmers have been forced to go to
the district headquarters and travel all the way to Kathmandu
annually to hold demonstrations to get the money that is owed to
them. This is unjustified and also not acceptable for the state of
public welfare," states the interim order.
"The constitution assures the basic right to earn, utilise
earnings, buy and sell property and benefit through business. The
farmers use their own capital or take loans, and put in a lot of
hard work to grow sugarcane. When they don't get money for their
crops, they are not able to pay for their daily expenses, education
and health care. Most importantly, they cannot repay their bank
loans and face forfeiture. This shows that the sugarcane farmers
have been deprived of the basic right to live a respectful life
assured by the Constitution of Nepal," the order said.
A dozen sugar mills owe the sugarcane farmers around Rs1.5 billion
from the last fiscal year, the Post discloses citing the
application submitted in the Supreme Court. Government subsidies
totalling NPR1.31 billion have not reached the farmers either.
The Post says the farmers are facing the problem of non-payment
every year, and as a result, they have been discouraged from
growing sugarcane.
The Post adds that te government has announced that the country
will be made self-sufficient in sugar, but this cannot be achieved
without attracting farmers to take up sugarcane farming, insiders
said.
The government does not seem to be serious about the problems of
sugarcane farmers as it has not arrested delinquent sugar mill
owners even though the Ministry of Home Affairs has issued arrest
warrants against them, they said, the report relays.
The Minister of Industry, Commerce and Supplies has made it public
that there is political pressure not to arrest the sugar mill
owners, adds the Post.
=================
S I N G A P O R E
=================
KRISENERGY LTD: Maturity of Revolver Loan Extended to June
----------------------------------------------------------
The Business Times reports that KrisEnergy Ltd, which is planning a
debt restructuring, has extended the maturity of its revolving
credit facility (RCF) from DBS by an initial six months to June 30,
2021.
The facility may be further extended to June 30, 2024 while certain
covenants will be tightened, when KrisEnergy completes necessary
parts of its financial restructuring, BT relates.
About US$185 million in outstanding principal is owed by KrisEnergy
(Asia) under the RCF as at Dec. 31, the report discloses.
Keppel Corp holds the key economic risk in the RCF, as the
conglomerate has an indirect interest in the facility through a
bilateral contract with DBS.
In conjunction with the two-stage extension of the maturity to June
30, 2024, Keppel has likewise signed a further agreement with the
bank to extend their bilateral contract's term for the same
period.
Keppel, which also owns a 40 per cent stake in KrisEnergy, said in
a filing early on Dec. 31 that the extension of the contract will
support efforts by the latter's management to effect a consensual
debt restructuring plan and provide liquidity for its ongoing
expenses.
These will help retain the possibility of a successful financial
restructuring for KrisEnergy, added the conglomerate, BT relays.
The DBS RCF, and consequently Keppel's economic exposure in it, has
a comprehensive first-ranking security package over the assets of
the KrisEnergy group.
Keppel noted that it will not be required to make any payment to
the lender under the bilateral contract, based on the assumptions
used in Keppel's latest announced unaudited financial statements
for the half year ended June 30, 2020, its financial adviser's
analysis of the KrisEnergy group's assets and operations, and the
latter's proposed restructuring.
In an exchange filing on Dec. 30, KrisEnergy said that the RCF's
additional amendments, to become effective after its financial
restructuring, do not include modifications to the existing
commitment amount and interest provisions.
BT relates that the additional amendments - including the potential
further extension to June 30, 2024 and tightening of covenants -
will come into effect only if DBS notifies by
March 31, 2021 that it has received the conditions precedent.
These conditions precedent include evidence that the scheme
effective date has occurred, as well as evidence of shareholder
approvals.
BT adds that Singapore's High Court has granted leave for
debt-ridden KrisEnergy to convene a meeting of its scheme creditors
within three months from Nov 16.
Besides DBS, its creditors include Keppel Shipyard, HSBC, Standard
Chartered Bank, zero-coupon noteholders, holders of its S$130
million senior unsecured notes due 2022, holders of its S$200
million senior unsecured notes due 2023, Rubicon Vantage
International and Maritime International Services, the report
discloses.
About KrisEnergy
KrisEnergy Limited -- https://krisenergy.com/ -- is a
Singapore-based investment holding company. The Company is an
independent upstream oil and gas company with a portfolio of
exploration, appraisal, development and production assets focused
on the geological basins in Asia. The Company operates through
exploration and production of oil and gas in Asia segment. The
Company holds interests in approximately 20 licenses in Bangladesh,
Cambodia, Indonesia, Thailand and Vietnam covering a gross acreage
of approximately 60,750 square kilometers.
In August 2019, the firm sought court protection from creditors'
legal action while it restructured its debts, according to The
Business Times. Keppel Corporation, a creditor and shareholder of
KrisEnergy, then publicly came out to support the application and
KrisEnergy's management in formulating a restructuring plan.
Trading in its shares has been suspended pending the restructuring,
BT noted.
As at Dec. 31, 2019, the group had about US$503 million in
borrowings and debt securities repayable within the next one year
or on demand.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Dec. 29, 2020 to Jan. 1, 2021
------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
ACN 113 874 712 PTY LTD 13.25 02/15/18 USD 0.15
ACN 113 874 712 PTY LTD 13.25 02/15/18 USD 0.15
BOART LONGYEAR MANAGEME 10.00 12/31/22 USD 72.23
CLEAN SEAS SEAFOOD LTD 8.00 11/18/22 AUD 1.07
CLIME CAPITAL LTD/FUND 6.25 11/30/21 AUD 0.98
GLENNON SMALL COS LTD 5.60 09/30/30 AUD 10.30
PALADIN ENERGY LTD 10.00 02/01/23 USD 58.19
PALADIN ENERGY LTD 10.00 02/01/23 USD 58.19
VIRGIN AUSTRALIA HOLDIN 8.00 11/26/24 AUD 5.02
VIRGIN AUSTRALIA HOLDIN 8.13 11/15/24 USD 7.93
VIRGIN AUSTRALIA HOLDIN 8.13 11/15/24 USD 8.00
VIRGIN AUSTRALIA HOLDIN 8.08 03/05/24 AUD 9.01
VIRGIN AUSTRALIA HOLDIN 8.25 05/30/23 AUD 8.08
VIRGIN AUSTRALIA HOLDIN 7.88 10/15/21 USD 7.98
VIRGIN AUSTRALIA HOLDIN 7.88 10/15/21 USD 8.25
CHINA
-----
AKESU DISTRICT GREEN IN 4.09 03/11/23 CNY 59.44
AKESU DISTRICT GREEN IN 4.09 03/11/23 CNY 59.47
AKESU XINCHENG ASSET IN 6.40 04/20/22 CNY 40.14
AKESU XINCHENG ASSET IN 6.40 04/20/22 CNY 40.24
ALTAY PREFECTURE STATE- 4.85 01/22/23 CNY 59.22
AN SHUN YU KUN REAL EST 5.48 11/10/21 CNY 39.67
ANHUI FOREIGN ECONOMIC 7.30 07/13/21 CNY 70.01
ANHUI JIANGNAN INDUSTRI 4.76 07/08/23 CNY 58.97
ANHUI JIANGNAN INDUSTRI 4.76 07/08/23 CNY 58.98
ANJI COUNTY STATE-OWNED 8.30 04/24/21 CNY 20.32
ANJI COUNTY STATE-OWNED 8.30 04/24/21 CNY 24.57
ANJI NORTHWEST DEVELOPM 5.90 07/18/23 CNY 59.61
ANJI NORTHWEST DEVELOPM 5.90 07/18/23 CNY 60.00
ANLU CONSTRUCTION DEVEL 5.45 06/15/23 CNY 60.24
ANLU CONSTRUCTION DEVEL 5.45 06/15/23 CNY 60.25
ANQING ECONOMIC&TECHNOL 4.09 03/09/23 CNY 59.66
ANQING ECONOMIC&TECHNOL 4.09 03/09/23 CNY 59.83
ANQING URBAN CONSTRUCTI 6.01 04/27/22 CNY 40.00
ANQING URBAN CONSTRUCTI 6.01 04/27/22 CNY 40.63
ANSHUN CITY CONSTRUCTIO 7.30 09/15/24 CNY 65.00
ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 55.51
ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 57.40
ANSHUN TRANSPORTATION D 7.50 10/31/24 CNY 65.00
ANSHUN XIXIU CITY INVES 4.70 11/22/23 CNY 57.01
ANSHUN XIXIU CITY INVES 4.70 11/22/23 CNY 58.65
BAOJI HI-TECH INDUSTRIA 8.25 04/21/21 CNY 20.00
BAOJI HI-TECH INDUSTRIA 8.25 04/21/21 CNY 20.15
BAOTOU CITY SCIENCE EDU 6.48 03/25/22 CNY 40.10
BAOTOU CITY SCIENCE EDU 6.48 03/25/22 CNY 45.50
BAOYING CITY CONSTRUCTI 4.50 03/24/23 CNY 59.64
BAOYING CITY CONSTRUCTI 4.50 03/24/23 CNY 60.06
BAYAN ZHUOER HETAO WATE 8.54 03/31/22 CNY 30.56
BAZHONG STATE-OWNED ASS 5.13 12/02/22 CNY 38.57
BAZHONG STATE-OWNED ASS 5.13 12/02/22 CNY 40.00
BAZHONG STATE-OWNED ASS 8.50 04/25/21 CNY 20.10
BAZHONG STATE-OWNED ASS 8.50 04/25/21 CNY 20.35
BEIJING CAPITAL DEVELOP 6.50 02/27/21 CNY 20.09
BEIJING CAPITAL DEVELOP 7.19 01/15/21 CNY 20.00
BEIJING CAPITAL DEVELOP 7.19 01/15/21 CNY 20.04
BEIJING CHANGXIN CONSTR 6.74 04/22/21 CNY 20.21
BEIJING CHANGXIN CONSTR 6.74 04/22/21 CNY 20.37
BEIJING FUTURE SCIENCE 4.20 08/13/22 CNY 40.04
BEIJING FUTURE SCIENCE 4.20 08/13/22 CNY 40.10
BEIJING HAIDIAN STATE-O 5.20 03/25/22 CNY 55.00
BEIJING SHIJINGSHAN STA 6.08 08/18/21 CNY 20.24
BEIJING SHIJINGSHAN STA 6.08 08/18/21 CNY 23.87
BEIJING XINCHENG INFRAS 7.50 04/21/21 CNY 20.24
BEIJING XINGZHAN INVEST 6.66 04/24/21 CNY 20.22
BEIPIAO CITY CONSTRUCTI 6.70 03/25/23 CNY 59.78
BEIPIAO CITY CONSTRUCTI 6.70 03/25/23 CNY 61.19
BENGBU GAOXIN INVESTMEN 8.70 04/17/21 CNY 20.00
BENGBU GAOXIN INVESTMEN 8.70 04/17/21 CNY 20.23
BENXI URBAN CONSTRUCTIO 6.24 01/22/22 CNY 40.00
BENXI URBAN CONSTRUCTIO 6.24 01/22/22 CNY 40.05
BIJIE CONSTRUCTION INVE 6.50 01/28/22 CNY 40.19
BIJIE CONSTRUCTION INVE 6.50 01/28/22 CNY 45.65
BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 56.75
BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 59.20
BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 56.41
BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 58.66
BIJIE KAIYUAN CONSTRUCT 7.78 02/25/21 CNY 20.06
BIJIE KAIYUAN CONSTRUCT 7.78 02/25/21 CNY 30.00
BIJIE QIXINGGUAN DISTRI 7.60 09/08/24 CNY 74.38
BINZHOU HI-TECH DEVELOP 8.60 01/10/21 CNY 20.03
BINZHOU HI-TECH DEVELOP 8.60 01/10/21 CNY 23.40
BINZHOU ZHANHUA DISTRIC 4.93 11/29/23 CNY 57.75
BINZHOU ZHANHUA DISTRIC 4.93 11/29/23 CNY 57.91
BINZHOU ZHONGHAI VENTUR 6.65 04/13/22 CNY 40.00
BINZHOU ZHONGHAI VENTUR 6.65 04/13/22 CNY 40.32
BOHAI LEASING CO LTD 7.00 06/20/21 CNY 30.00
BORALA MONGOL AUTONOMOU 5.77 08/26/22 CNY 39.00
BORALA MONGOL AUTONOMOU 5.77 08/26/22 CNY 40.06
BOZHOU URBAN CONSTRUCTI 4.78 04/14/23 CNY 59.40
BOZHOU URBAN CONSTRUCTI 4.78 04/14/23 CNY 60.30
BOZHOU YIJU REAL ESTATE 4.82 10/27/21 CNY 49.17
BOZHOU YIJU REAL ESTATE 4.82 10/27/21 CNY 49.60
BRILLIANCE AUTO GROUP H 5.80 06/17/24 CNY 60.78
BRILLIANCE AUTO GROUP H 5.80 03/20/24 CNY 54.80
BRILLIANCE AUTO GROUP H 5.80 11/05/23 CNY 44.72
BRILLIANCE AUTO GROUP H 5.80 11/05/23 CNY 59.80
BRILLIANCE AUTO GROUP H 6.30 09/14/23 CNY 44.75
BRILLIANCE AUTO GROUP H 5.40 09/14/23 CNY 55.80
BRILLIANCE AUTO GROUP H 6.30 09/14/23 CNY 56.93
BRILLIANCE AUTO GROUP H 6.50 06/03/22 CNY 44.75
BRILLIANCE AUTO GROUP H 6.50 04/18/22 CNY 44.75
BRILLIANCE AUTO GROUP H 6.50 03/13/22 CNY 44.75
BRILLIANCE AUTO GROUP H 6.50 01/22/22 CNY 44.75
BRILLIANCE AUTO GROUP H 5.30 10/23/20 CNY 44.75
CANGNAN COUNTY STATE OW 5.58 11/11/22 CNY 40.40
CEFC SHANGHAI INTERNATI 4.08 09/09/21 CNY 60.00
CEFC SHANGHAI INTERNATI 4.98 12/10/20 CNY 61.29
CHANG DE DING LI INDUST 4.30 03/10/23 CNY 59.78
CHANG DE DING LI INDUST 4.30 03/10/23 CNY 59.88
CHANGCHUN MODERN AGRICU 7.00 07/25/21 CNY 19.36
CHANGCHUN MODERN AGRICU 7.00 07/25/21 CNY 19.50
CHANGDE DE YUAN SHANTY 5.33 09/13/23 CNY 67.02
CHANGDE ECONOMIC CONSTR 7.00 03/24/21 CNY 20.14
CHANGDE ECONOMIC CONSTR 7.00 03/24/21 CNY 20.30
CHANGDE URBAN CONSTRUCT 3.59 01/12/23 CNY 59.57
CHANGDE URBAN CONSTRUCT 3.59 01/12/23 CNY 60.00
CHANGJI URBAN CONSTRUCT 4.24 11/18/23 CNY 58.20
CHANGJI URBAN CONSTRUCT 4.24 11/18/23 CNY 58.34
CHANGLE COUNTY NEWTOWN 5.18 12/16/22 CNY 59.95
CHANGLE COUNTY NEWTOWN 5.18 12/16/22 CNY 60.41
CHANGSHA COUNTY XINGCHE 7.90 03/25/22 CNY 41.16
CHANGSHA COUNTY XINGCHE 7.90 03/25/22 CNY 41.16
CHANGSHA ECONOMIC & TEC 8.45 04/13/22 CNY 30.57
CHANGSHA FURONG CITY DE 3.88 01/26/23 CNY 59.85
CHANGSHA FURONG CITY DE 3.88 01/26/23 CNY 60.67
CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 70.00
CHANGSHA METRO GROUP CO 5.97 04/03/25 CNY 72.31
CHANGSHA METRO GROUP CO 5.97 04/03/25 CNY 72.80
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 45.87
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 48.35
CHANGSHA TIANXIN CITY C 3.43 08/08/23 CNY 58.99
CHANGSHA TIANXIN CITY C 3.43 08/08/23 CNY 59.83
CHANGSHA TIANXIN CITY C 4.20 11/06/22 CNY 39.79
CHANGSHA TIANXIN CITY C 4.20 11/06/22 CNY 40.10
CHANGSHA YUHUA JINGKAI 4.17 09/06/23 CNY 58.93
CHANGSHA YUHUA JINGKAI 4.17 09/06/23 CNY 58.98
CHANGSHA YUHUA URBAN CO 3.80 01/28/23 CNY 59.62
CHANGSHA YUHUA URBAN CO 3.80 01/28/23 CNY 59.98
CHANGSHA YUHUA URBAN CO 7.17 04/18/21 CNY 20.19
CHANGSHA YUHUA URBAN CO 7.17 04/18/21 CNY 24.00
CHANGSHU BINJIANG URBAN 6.39 09/11/21 CNY 20.00
CHANGSHU BINJIANG URBAN 6.39 09/11/21 CNY 20.20
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 40.67
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 47.32
CHANGSHU TRANSPORTATION 7.00 04/29/21 CNY 20.23
CHANGSHU TRANSPORTATION 7.00 04/29/21 CNY 27.00
CHANGXING COMMUNICATION 6.75 06/16/21 CNY 20.03
CHANGXING COMMUNICATION 6.75 06/16/21 CNY 20.20
CHANGXING COMMUNICATION 7.88 04/30/21 CNY 20.24
CHANGXING COMMUNICATION 7.88 04/30/21 CNY 30.30
CHANGXING URBAN CONSTRU 6.00 12/03/21 CNY 19.00
CHANGXING URBAN CONSTRU 6.00 12/03/21 CNY 20.30
CHANGZHOU PUBLIC HOUSIN 6.64 07/02/21 CNY 20.07
CHANGZHOU PUBLIC HOUSIN 6.64 07/02/21 CNY 20.08
CHANGZHOU TIANNING CONS 6.48 02/12/22 CNY 40.00
CHANGZHOU TIANNING CONS 6.48 02/12/22 CNY 40.56
CHANGZHOU XINGANG ECONO 3.42 10/20/23 CNY 58.86
CHANGZHOU XINGANG ECONO 3.42 10/20/23 CNY 59.01
CHANGZHOU ZHONGLOU ECON 3.64 10/26/23 CNY 59.24
CHANGZHOU ZHONGLOU ECON 3.64 10/26/23 CNY 59.29
CHAOHU URBAN TOWN CONST 6.50 04/30/22 CNY 40.87
CHAOHU URBAN TOWN CONST 6.50 04/30/22 CNY 42.10
CHENGDU ECONOMIC & TECH 6.90 05/30/21 CNY 20.15
CHENGDU ECONOMIC & TECH 6.90 05/30/21 CNY 26.00
CHENGDU GARDEN WATER CI 6.15 05/03/23 CNY 59.40
CHENGDU GARDEN WATER CI 6.15 05/03/23 CNY 60.18
CHENGDU LONGBO INVESTME 8.10 04/24/21 CNY 20.16
CHENGDU PIDU DISTRICT S 6.95 04/01/22 CNY 40.00
CHENGDU PIDU DISTRICT S 6.95 04/01/22 CNY 48.83
CHENGDU SHUZHOU CITY CO 6.58 05/26/22 CNY 40.02
CHENGDU SHUZHOU CITY CO 6.58 05/26/22 CNY 40.50
CHENGDU XINGCHENGJIAN I 6.00 03/20/22 CNY 40.00
CHENGDU XINGCHENGJIAN I 6.00 03/20/22 CNY 40.55
CHENGDU XINGJIN ECOLOGI 3.65 10/13/23 CNY 58.47
CHENGDU XINGJIN ECOLOGI 3.65 10/13/23 CNY 59.22
CHENGDU XINKAIYUAN URBA 5.29 04/27/23 CNY 59.53
CHENGDU XINKAIYUAN URBA 5.29 04/27/23 CNY 59.53
CHENGDU XINKAIYUAN URBA 7.43 08/12/21 CNY 20.17
CHENGDU XINKAIYUAN URBA 7.43 08/12/21 CNY 21.00
CHENGFA INVESTMENT GROU 6.87 04/30/21 CNY 20.14
CHENGFA INVESTMENT GROU 6.87 04/30/21 CNY 21.37
CHENZHOU BAIFU INVESTME 4.96 03/22/26 CNY 73.02
CHENZHOU BAIFU INVESTME 4.96 03/22/26 CNY 73.63
CHENZHOU BAIFU INVESTME 6.54 08/28/21 CNY 19.47
CHENZHOU BAIFU INVESTME 6.54 08/28/21 CNY 20.00
CHENZHOU FUCHENG HIGH T 4.73 01/22/23 CNY 59.49
CHENZHOU FUCHENG HIGH T 4.73 01/22/23 CNY 59.55
CHENZHOU INDUSTRY INVES 6.45 01/23/22 CNY 39.96
CHENZHOU INDUSTRY INVES 6.45 01/23/22 CNY 48.60
CHENZHOU WENLV INDUSTRY 5.34 11/28/23 CNY 58.05
CHENZHOU XINTIAN INVEST 5.38 03/08/26 CNY 73.07
CHENZHOU XINTIAN INVEST 5.38 03/08/26 CNY 75.96
CHIBI LANTIAN URBAN CON 4.38 08/10/23 CNY 59.20
CHIBI LANTIAN URBAN CON 4.38 08/10/23 CNY 59.25
CHINA MINSHENG INVESTME 7.00 12/26/20 CNY 36.65
CHINA OCEANWIDE HOLDING 8.90 12/13/21 CNY 60.00
CHINA OCEANWIDE HOLDING 8.60 09/21/21 CNY 62.00
CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00
CHINA YIXING ENVIRONMEN 4.08 09/14/23 CNY 59.20
CHINA YIXING ENVIRONMEN 4.08 09/14/23 CNY 59.20
CHONGQIN BAIYAN INVESTM 5.75 05/03/23 CNY 60.00
CHONGQIN BAIYAN INVESTM 5.75 05/03/23 CNY 60.52
CHONGQIN XINLIANG INVES 4.76 08/26/23 CNY 51.44
CHONGQIN XINLIANG INVES 4.76 08/26/23 CNY 56.86
CHONGQING BANAN ECONOMI 6.17 03/13/22 CNY 39.20
CHONGQING BANAN ECONOMI 6.17 03/13/22 CNY 40.29
CHONGQING BANAN ECONOMI 7.00 08/20/21 CNY 20.00
CHONGQING BANAN ECONOMI 7.00 08/20/21 CNY 20.24
CHONGQING BAYUAN CONSTR 4.99 08/16/23 CNY 58.20
CHONGQING BISHAN DISTRI 4.93 03/29/23 CNY 59.79
CHONGQING BISHAN DISTRI 4.93 03/29/23 CNY 59.88
CHONGQING CHANGSHOU ECO 7.20 07/15/21 CNY 20.15
CHONGQING CHANGSHOU ECO 7.20 07/15/21 CNY 20.40
CHONGQING CHANGSHOU ECO 7.10 06/19/21 CNY 20.00
CHONGQING CHANGSHOU ECO 7.10 06/19/21 CNY 20.02
CHONGQING DAZU INDUSTRI 6.30 04/28/22 CNY 39.22
CHONGQING DAZU INDUSTRI 6.30 04/28/22 CNY 40.00
CHONGQING ECO&TECH DEVE 3.95 04/13/23 CNY 59.84
CHONGQING FULING DISTRI 7.89 03/20/21 CNY 20.13
CHONGQING FULING DISTRI 7.89 03/20/21 CNY 27.33
CHONGQING FULING TRAFFI 6.68 02/03/22 CNY 40.00
CHONGQING FULING TRAFFI 6.68 02/03/22 CNY 40.36
CHONGQING GAOXIN ZONE D 7.80 04/25/21 CNY 20.25
CHONGQING GAOXIN ZONE D 7.80 04/25/21 CNY 30.80
CHONGQING GARDENING IND 8.45 06/03/21 CNY 20.00
CHONGQING GARDENING IND 8.45 06/03/21 CNY 20.36
CHONGQING HAOJIANG CONS 8.05 03/06/21 CNY 20.00
CHONGQING HAOJIANG CONS 8.05 03/06/21 CNY 20.13
CHONGQING HECHUAN CITY 3.95 09/06/23 CNY 59.43
CHONGQING HECHUAN CITY 3.95 09/06/23 CNY 59.49
CHONGQING HECHUAN CITY 7.30 07/07/21 CNY 20.33
CHONGQING HECHUAN CITY 7.30 07/07/21 CNY 21.00
CHONGQING JIANGBEIZUI C 6.50 07/21/21 CNY 20.34
CHONGQING JIN TONG INDU 4.44 11/16/23 CNY 55.97
CHONGQING JIN TONG INDU 4.44 11/16/23 CNY 57.13
CHONGQING JINYUN ASSET 4.50 12/31/22 CNY 59.73
CHONGQING JINYUN ASSET 4.50 12/31/22 CNY 59.89
CHONGQING JIULONG HI-TE 6.60 08/19/21 CNY 20.25
CHONGQING JIULONG HI-TE 6.60 08/19/21 CNY 20.26
CHONGQING KAIQIAN INVES 4.64 03/21/23 CNY 59.06
CHONGQING KAIQIAN INVES 4.64 03/21/23 CNY 59.31
CHONGQING LAND PROPERTI 3.36 03/21/23 CNY 59.67
CHONGQING LAND PROPERTI 3.36 03/21/23 CNY 60.10
CHONGQING LIANGJIANG NE 5.88 09/16/21 CNY 20.27
CHONGQING LIANGJIANG NE 3.10 08/05/21 CNY 39.70
CHONGQING LIANGJIANG NE 3.10 08/05/21 CNY 39.83
CHONGQING LIANGJIANG NE 6.70 04/25/21 CNY 20.19
CHONGQING LIANGJIANG NE 6.70 04/25/21 CNY 22.72
CHONGQING LIANGJIANG NE 3.60 04/19/21 CNY 40.00
CHONGQING LIANGJIANG NE 3.60 04/19/21 CNY 40.60
CHONGQING LIANGJIANG NE 3.17 01/13/21 CNY 39.97
CHONGQING MAIRUI URBAN 4.95 04/21/23 CNY 60.29
CHONGQING MAIRUI URBAN 4.95 04/21/23 CNY 60.34
CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 58.96
CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 59.62
CHONGQING QIANJIANG CIT 8.00 03/21/21 CNY 20.00
CHONGQING QIANJIANG CIT 8.00 03/21/21 CNY 20.07
CHONGQING QIJIANG EAST 4.00 09/05/23 CNY 57.97
CHONGQING QIJIANG EAST 4.00 09/05/23 CNY 58.13
CHONGQING SHUANGQIAO EC 5.99 11/19/21 CNY 20.02
CHONGQING SHUANGQIAO EC 5.99 11/19/21 CNY 26.25
CHONGQING TAX FREE PORT 7.50 04/24/21 CNY 20.17
CHONGQING TAX FREE PORT 7.50 04/24/21 CNY 21.70
CHONGQING TEA GARDEN IN 7.70 05/20/21 CNY 20.12
CHONGQING TONGLIANG JIN 6.59 04/08/22 CNY 40.00
CHONGQING TONGLIANG JIN 6.59 04/08/22 CNY 40.45
CHONGQING TONGNAN DISTR 4.99 12/31/22 CNY 59.24
CHONGQING TONGNAN DISTR 4.99 12/31/22 CNY 60.00
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 20.13
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 25.00
CHONGQING WANSHENG ECO 8.19 04/08/21 CNY 20.13
CHONGQING WANSHENG ECO 8.19 04/08/21 CNY 23.90
CHONGQING WANSHENG ECO 5.40 11/18/21 CNY 37.44
CHONGQING WANZHOU SANXI 4.95 08/25/22 CNY 40.21
CHONGQING WANZHOU SANXI 4.95 08/25/22 CNY 40.80
CHONGQING XINGRONG HOLD 4.86 03/31/23 CNY 58.50
CHONGQING XINGRONG HOLD 4.86 03/31/23 CNY 58.59
CHONGQING XIYONG MICRO- 6.58 07/25/21 CNY 20.27
CHONGQING XIYONG MICRO- 6.58 07/25/21 CNY 22.33
CHONGQING YONGCHUAN HUI 7.28 05/30/21 CNY 20.27
CHONGQING YONGCHUAN HUI 7.28 05/30/21 CNY 21.60
CHONGQING YUELAI INVEST 6.09 04/29/22 CNY 40.00
CHONGQING YUELAI INVEST 6.09 04/29/22 CNY 40.45
CHONGQING YUNAN ASSET M 7.05 06/17/21 CNY 20.25
CHONGQING YUZHONG STATE 7.25 02/26/21 CNY 20.13
CHUN'AN XINANJIANG DEVE 3.84 11/04/23 CNY 58.62
CHUN'AN XINANJIANG DEVE 3.84 11/04/23 CNY 58.92
CHUN'AN XINANJIANG DEVE 6.10 03/11/22 CNY 40.31
CHUN'AN XINANJIANG DEVE 6.10 03/11/22 CNY 44.55
CHUZHOU CITY CONSTRUCTI 6.30 11/30/21 CNY 30.58
CHUZHOU CITY CONSTRUCTI 6.40 08/22/21 CNY 20.30
CHUZHOU CITY CONSTRUCTI 6.40 08/22/21 CNY 20.31
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 20.25
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 28.80
DAFANG COUNTY CONSTRUCT 6.00 09/26/23 CNY 57.77
DAFANG COUNTY CONSTRUCT 6.00 09/26/23 CNY 58.85
DALI ECONOMIC DEVELOPME 7.90 03/04/21 CNY 20.00
DALI ECONOMIC DEVELOPME 7.90 03/04/21 CNY 20.08
DALI HAIDONG DEVELOPMEN 6.01 01/25/23 CNY 59.82
DALI HAIDONG DEVELOPMEN 6.01 01/25/23 CNY 60.05
DALIAN PULANDIAN CONSTR 3.80 01/25/23 CNY 57.34
DALIAN RONGDA INVESTMEN 5.69 12/05/21 CNY 20.26
DALIAN RONGQIANG INVEST 7.92 04/14/21 CNY 20.12
DALIAN RONGQIANG INVEST 7.92 04/14/21 CNY 20.13
DALIAN RONGQIANG INVEST 8.60 01/20/21 CNY 20.05
DALIAN RONGQIANG INVEST 8.60 01/20/21 CNY 20.05
DALIAN SHITAI CITY CONS 4.50 02/01/23 CNY 55.10
DALIAN SHITAI CITY CONS 4.50 02/01/23 CNY 55.61
DALIAN SHITAI CITY CONS 7.09 02/20/21 CNY 19.76
DANDONG PORT GROUP CO L 5.50 01/27/21 CNY 59.00
DANGTU COUNTY CONSTRUCT 5.38 08/10/22 CNY 40.30
DANGYANG XINYUAN INVEST 4.97 03/29/23 CNY 60.19
DANGYANG XINYUAN INVEST 4.97 03/29/23 CNY 60.21
DANGYANG XINYUAN INVEST 7.99 05/23/21 CNY 20.00
DANGYANG XINYUAN INVEST 7.99 05/23/21 CNY 20.27
DANYANG HI-TECH INDUSTR 6.40 04/24/22 CNY 39.59
DANYANG HI-TECH INDUSTR 6.40 04/24/22 CNY 40.00
DANYANG INVESTMENT GROU 3.99 01/25/23 CNY 58.15
DANYANG INVESTMENT GROU 3.99 01/25/23 CNY 59.29
DATONG ECONOMIC CONSTRU 4.49 10/22/22 CNY 40.03
DAWA COUNTY CITY CONSTR 6.29 06/12/22 CNY 39.13
DAWA COUNTY CITY CONSTR 6.29 06/12/22 CNY 39.30
DAWA COUNTY LINGANG ECO 5.99 10/19/24 CNY 69.92
DAWA COUNTY LINGANG ECO 5.99 10/19/24 CNY 70.12
DAYE ZHENHENG CITY DEVE 4.05 08/31/23 CNY 57.90
DAYE ZHENHENG CITY DEVE 4.05 08/31/23 CNY 58.29
DAYE ZHENHENG CITY DEVE 4.50 03/28/23 CNY 58.68
DAYE ZHENHENG CITY DEVE 4.50 03/28/23 CNY 59.02
DAYE ZHENHENG CITY DEVE 7.30 03/03/21 CNY 20.04
DAYE ZHENHENG CITY DEVE 7.30 03/03/21 CNY 23.53
DAZHOU DEVELOPMENT HOLD 5.10 11/27/22 CNY 40.00
DAZHOU DEVELOPMENT HOLD 5.10 11/27/22 CNY 40.14
DAZHOU DEVELOPMENT HOLD 6.55 01/14/22 CNY 40.00
DAZHOU DEVELOPMENT HOLD 6.55 01/14/22 CNY 40.30
DEHONGZHOU HONGKANG INV 6.68 01/23/22 CNY 40.15
DEHONGZHOU HONGKANG INV 6.68 01/23/22 CNY 40.17
DEQING CONSTRUCTION INV 3.60 11/11/23 CNY 58.39
DEQING CONSTRUCTION INV 3.60 11/11/23 CNY 59.04
DEXING INVESTMENT HOLDI 5.99 03/21/23 CNY 59.94
DEXING INVESTMENT HOLDI 5.99 03/21/23 CNY 60.58
DEYANG ECONOMIC DEVELOP 7.90 04/28/21 CNY 20.14
DEYANG ECONOMIC DEVELOP 7.90 04/28/21 CNY 28.26
DONGLING GROUP INC CO 8.00 07/14/22 CNY 40.00
DONGLING GROUP INC CO 8.00 07/14/22 CNY 40.86
DONGTAI STATE-OWNED ASS 3.04 11/16/23 CNY 58.39
DONGTAI UBAN CONSTRUCTI 7.58 04/23/21 CNY 20.18
DONGTAI UBAN CONSTRUCTI 7.58 04/23/21 CNY 28.48
DONGTAI UBAN CONSTRUCTI 8.65 01/13/21 CNY 20.04
DONGTAI UBAN CONSTRUCTI 8.65 01/13/21 CNY 20.50
DONGYING CITY URBAN ASS 5.57 03/31/22 CNY 40.30
DONGYING CITY URBAN ASS 5.57 03/31/22 CNY 41.58
DONGZHI COUNTY CITY OPE 4.88 06/20/23 CNY 59.73
DONGZHI COUNTY CITY OPE 4.88 06/20/23 CNY 60.07
DUJIANGYAN XINGYAN INVE 6.10 03/12/22 CNY 37.30
DUJIANGYAN XINGYAN INVE 6.10 03/12/22 CNY 38.93
DUNYUN STATE-OWNED ASSE 6.60 12/28/22 CNY 59.50
ENSHI URBAN CONSTRUCTIO 3.84 11/01/23 CNY 58.34
ENSHI URBAN CONSTRUCTIO 3.84 11/01/23 CNY 58.52
ENSHI URBAN CONSTRUCTIO 7.50 06/03/21 CNY 20.25
ENSHI URBAN CONSTRUCTIO 7.50 06/03/21 CNY 27.54
EZHOU CITY CONSTRUCTION 6.68 09/19/21 CNY 20.30
EZHOU CITY CONSTRUCTION 7.76 05/15/21 CNY 20.20
EZHOU CITY CONSTRUCTION 7.76 05/15/21 CNY 26.50
FANGCHENGGANG GANGFA HO 8.09 04/16/21 CNY 20.24
FEICHENG CITY ASSETS MA 4.04 03/23/23 CNY 59.20
FEICHENG CITY ASSETS MA 4.04 03/23/23 CNY 59.41
FEIXI COUNTY URBAN & RU 4.45 06/03/23 CNY 60.19
FEIXI COUNTY URBAN & RU 4.45 06/03/23 CNY 61.24
FENG COUNTY ECONOMIC DE 5.18 06/21/23 CNY 59.12
FENG COUNTY ECONOMIC DE 5.18 06/21/23 CNY 59.36
FENGCHENG CITY CONSTRUC 6.49 02/10/22 CNY 40.23
FENGCHENG CITY CONSTRUC 6.49 02/10/22 CNY 44.49
FENGCHENG CITY MODERN I 5.76 12/17/22 CNY 59.72
FENGCHENG CITY MODERN I 5.76 12/17/22 CNY 60.00
FENGXIAN URBAN INVESTME 6.48 03/20/22 CNY 40.00
FENGXIAN URBAN INVESTME 6.48 03/20/22 CNY 40.16
FENGXIAN URBAN INVESTME 4.23 07/13/21 CNY 19.81
FENGXIAN URBAN INVESTME 4.23 07/13/21 CNY 19.83
FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 58.17
FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 58.71
FUGU COUNTY STATE-OWNED 8.69 12/16/20 CNY 20.00
FUGU COUNTY STATE-OWNED 8.69 12/16/20 CNY 20.00
FUGUINIAO CO LTD 6.30 04/22/20 CNY 13.00
FUJIAN FUSHENG GROUP CO 7.90 12/17/21 CNY 70.99
FUJIAN FUSHENG GROUP CO 7.90 11/19/21 CNY 60.00
FUJIAN JINJIANG INDUSTR 7.08 06/27/21 CNY 20.19
FUJIAN JINJIANG INDUSTR 7.08 06/27/21 CNY 20.65
FUJIAN JINJIANG URBAN C 3.35 08/24/23 CNY 59.46
FUJIAN PROVINCE LIANJIA 6.29 04/30/22 CNY 40.00
FUJIAN PROVINCE LIANJIA 6.29 04/30/22 CNY 40.53
FUJIAN ZHANGLONG GROUP 4.99 08/07/22 CNY 40.00
FUJIAN ZHANGLONG GROUP 4.99 08/07/22 CNY 40.22
FUNING URBAN INVESTMENT 7.19 08/15/21 CNY 20.36
FUNING URBAN INVESTMENT 7.19 08/15/21 CNY 21.15
FUQING CITY STATE-OWNED 5.94 11/26/22 CNY 40.82
FUQING CITY STATE-OWNED 6.66 03/01/21 CNY 25.03
FUXIN INFRASTRUCTURE CO 6.18 03/18/22 CNY 39.95
FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 58.94
FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 59.87
FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 59.24
FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 59.35
FUZHOU LINCHUAN URBAN C 5.68 07/05/23 CNY 59.61
FUZHOU LINCHUAN URBAN C 5.68 07/05/23 CNY 59.72
FUZHOU URBAN AND RURAL 4.89 07/08/22 CNY 40.29
FUZHOU URBAN AND RURAL 4.89 07/08/22 CNY 40.55
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 40.00
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 40.37
GANSU PROVINCIAL HIGHWA 6.58 09/24/22 CNY 72.16
GANZHOU CITY DEVELOPMEN 5.50 06/16/22 CNY 40.00
GANZHOU CITY DEVELOPMEN 5.50 06/16/22 CNY 40.43
GANZHOU DEVELOPMENT INV 8.10 12/11/23 CNY 84.42
GANZHOU DEVELOPMENT ZON 7.43 02/19/21 CNY 19.00
GANZHOU DEVELOPMENT ZON 7.43 02/19/21 CNY 20.09
GAOMI STATE-OWNED ASSET 4.69 01/26/23 CNY 59.73
GAOMI STATE-OWNED ASSET 4.69 01/26/23 CNY 60.44
GAOYOU CITY CONSTRUCTIO 5.48 09/15/22 CNY 40.00
GAOYOU CITY CONSTRUCTIO 5.48 09/15/22 CNY 40.43
GAOYOU CITY ECONOMY DEV 3.65 09/02/23 CNY 59.35
GAOYOU CITY ECONOMY DEV 3.65 09/02/23 CNY 60.00
GOLMUD INVESTMENT HOLDI 8.70 12/30/20 CNY 20.00
GOLMUD INVESTMENT HOLDI 8.70 12/30/20 CNY 20.01
GONG'AN COUNTY CITY CON 4.30 08/30/23 CNY 58.83
GONG'AN COUNTY CITY CON 4.30 08/30/23 CNY 59.13
GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 59.14
GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 59.96
GOOCOO INVESTMENT CO LT 8.00 02/01/21 CNY 50.00
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 40.36
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 44.00
GUANGAN ECONOMIC & TECH 5.16 04/14/23 CNY 58.80
GUANGAN ECONOMIC & TECH 5.16 04/14/23 CNY 59.41
GUANGAN ECONOMIC & TECH 7.10 09/22/21 CNY 20.18
GUANGAN ECONOMIC & TECH 7.10 09/22/21 CNY 20.18
GUANGAN TRANSPORTATION 5.39 12/01/23 CNY 59.19
GUANGDONG HUIZHOU COMMU 4.16 05/17/23 CNY 59.89
GUANGDONG HUIZHOU COMMU 4.16 05/17/23 CNY 60.15
GUANGRAO COUNTY ECONOMI 3.61 09/08/23 CNY 59.54
GUANGRAO COUNTY ECONOMI 3.61 09/08/23 CNY 60.00
GUANGXI BAISE DEVELOPME 7.27 06/20/21 CNY 20.00
GUANGXI BAISE DEVELOPME 7.27 06/20/21 CNY 20.11
GUANGXI LAIBIN INDUSTRI 5.97 11/26/21 CNY 20.00
GUANGXI LAIBIN INDUSTRI 5.97 11/26/21 CNY 20.12
GUANGXI QINZHOU LINHAI 7.68 02/20/21 CNY 20.04
GUANGXI QINZHOU LINHAI 7.68 02/20/21 CNY 24.77
GUANGXI URBAN CONSTRUCT 7.59 04/14/21 CNY 20.12
GUANGXI URBAN CONSTRUCT 7.59 04/14/21 CNY 23.00
GUANGYUAN INVESTMENT HO 7.30 04/22/21 CNY 20.18
GUANGYUAN INVESTMENT HO 7.30 04/22/21 CNY 21.15
GUANGYUAN YUANQU CONSTR 4.48 03/10/23 CNY 58.40
GUANGYUAN YUANQU CONSTR 4.48 03/10/23 CNY 58.41
GUANGYUAN YUANQU CONSTR 8.35 08/26/21 CNY 20.30
GUANGYUAN YUANQU CONSTR 8.35 08/26/21 CNY 27.00
GUANGZHOU HUANTOU NANSH 6.38 11/18/24 CNY 60.55
GUANGZHOU HUANTOU NANSH 6.38 11/18/24 CNY 60.71
GUANGZHOU METRO GROUP C 6.05 06/03/24 CNY 62.30
GUANGZHOU METRO GROUP C 6.05 06/03/24 CNY 62.51
GUANGZHOU METRO GROUP C 6.45 04/02/24 CNY 60.00
GUANGZHOU METRO GROUP C 6.45 04/02/24 CNY 62.69
GUILIN CITY INVESTMENT 6.90 06/13/21 CNY 20.00
GUILIN CITY INVESTMENT 6.90 06/13/21 CNY 20.13
GUILIN ECONOMIC CONSTRU 5.60 04/22/22 CNY 40.00
GUILIN ECONOMIC CONSTRU 5.60 04/22/22 CNY 40.40
GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50
GUIXI CITY CONSTRUCTION 4.18 08/18/23 CNY 58.93
GUIXI CITY CONSTRUCTION 4.18 08/18/23 CNY 58.95
GUIYANG BAIYUN CITY CON 4.75 09/13/26 CNY 72.16
GUIYANG BAIYUN CITY CON 4.75 09/13/26 CNY 73.92
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 40.01
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 45.00
GUIYANG CITY CONSTRUCTI 4.00 11/14/26 CNY 74.66
GUIYANG CITY CONSTRUCTI 4.00 11/14/26 CNY 74.81
GUIYANG GUANSHANHU DIST 4.48 03/09/23 CNY 58.60
GUIYANG GUANSHANHU DIST 4.48 03/09/23 CNY 58.63
GUIYANG GUANSHANHU DIST 4.87 01/28/23 CNY 58.98
GUIYANG GUANSHANHU DIST 4.87 01/28/23 CNY 58.99
GUIYANG URBAN CONSTRUCT 5.23 12/02/22 CNY 39.65
GUIYANG URBAN CONSTRUCT 5.23 12/02/22 CNY 40.00
GUIZHOU EAST LAKE CITY 5.18 01/06/23 CNY 58.60
GUIZHOU EAST LAKE CITY 5.18 01/06/23 CNY 60.32
GUIZHOU FANJINGSHAN INV 6.95 01/28/22 CNY 40.00
GUIZHOU FANJINGSHAN INV 6.95 01/28/22 CNY 40.17
GUIZHOU GUIAN CONSTRUCT 4.17 10/28/22 CNY 40.08
GUIZHOU GUIAN CONSTRUCT 4.17 10/28/22 CNY 41.00
GUIZHOU GUILONG INDUSTR 7.80 04/28/22 CNY 24.73
GUIZHOU GUILONG INDUSTR 7.80 04/28/22 CNY 50.79
GUIZHOU HONGCAI INVESTM 6.00 06/07/23 CNY 48.45
GUIZHOU HONGCAI INVESTM 6.00 06/07/23 CNY 48.73
GUIZHOU LIUPANSHUI PAND 7.30 07/24/24 CNY 53.80
GUIZHOU RAILWAY INVESTM 7.50 04/23/24 CNY 62.47
GUIZHOU RAILWAY INVESTM 7.20 03/27/22 CNY 40.10
GUIZHOU RAILWAY INVESTM 7.20 03/27/22 CNY 40.73
GUIZHOU SHUICHENG CITY 4.98 11/22/23 CNY 54.37
GUIZHOU SHUICHENG CITY 4.98 11/22/23 CNY 54.44
GUIZHOU XINDONGGUAN CIV 7.70 09/05/24 CNY 70.05
GULIN STATE-OWNED ASSET 4.18 08/04/23 CNY 58.38
GULIN STATE-OWNED ASSET 4.18 08/04/23 CNY 59.58
HAIAN COUNTY DEVELOPMEN 5.45 04/13/23 CNY 59.33
HAIAN COUNTY DEVELOPMEN 5.45 04/13/23 CNY 59.55
HAIAN DEVELOPMENT ZONE 4.47 11/16/23 CNY 57.91
HAIAN DEVELOPMENT ZONE 4.47 11/16/23 CNY 58.36
HAIAN URBAN DEMOLITION 5.08 11/27/22 CNY 40.60
HAIAN URBAN DEMOLITION 5.08 11/27/22 CNY 40.88
HAICHENG URBAN JINCAI L 5.37 08/10/23 CNY 59.82
HAICHENG URBAN JINCAI L 8.17 04/16/21 CNY 20.12
HAICHENG URBAN JINCAI L 8.56 12/19/20 CNY 20.01
HAIFENG MARINE INFRASTR 6.84 04/29/22 CNY 40.37
HAIKOU MEILAN INTERNATI 5.25 09/06/19 USD 52.86
HAIMEN CITY DEVELOPMENT 6.22 04/03/22 CNY 40.66
HAIMEN CITY DEVELOPMENT 6.22 04/03/22 CNY 42.20
HAINAN AIRLINES HOLDING 6.20 05/24/21 CNY 54.01
HAINING CITY DEVELOPMEN 5.58 10/22/21 CNY 20.29
HAINING CITY DEVELOPMEN 5.58 10/22/21 CNY 20.70
HAIXI STATE-OWNED CAPIT 8.60 01/02/21 CNY 20.03
HAIXI STATE-OWNED CAPIT 8.60 01/02/21 CNY 20.20
HAMI JIANHUI STATE-OWNE 3.90 09/21/23 CNY 58.03
HAMI JIANHUI STATE-OWNE 3.90 09/21/23 CNY 58.55
HANCHENG CITY INVESTMEN 4.69 12/05/23 CNY 56.88
HANCHENG CITY INVESTMEN 4.69 12/05/23 CNY 57.09
HANCHUAN CITY HANRONG I 4.25 07/18/23 CNY 58.73
HANCHUAN CITY HANRONG I 4.25 07/18/23 CNY 59.17
HANDAN CONSTRUCTION & I 5.48 05/27/22 CNY 40.53
HANDAN CONSTRUCTION & I 5.48 05/27/22 CNY 47.20
HANGZHOU CANAL COMPREHE 3.40 10/17/23 CNY 58.89
HANGZHOU CANAL COMPREHE 3.40 10/17/23 CNY 59.13
HANGZHOU CITY CONSTRUCT 3.80 03/14/23 CNY 59.84
HANGZHOU CITY CONSTRUCT 3.80 03/14/23 CNY 60.00
HANGZHOU FUYANG CITY CO 7.20 03/19/21 CNY 20.14
HANGZHOU FUYANG CITY CO 7.20 03/19/21 CNY 20.15
HANGZHOU FUYANG DEVELOP 4.76 01/27/23 CNY 60.09
HANGZHOU FUYANG DEVELOP 4.76 01/27/23 CNY 60.16
HANGZHOU FUYANG DEVELOP 7.70 04/28/21 CNY 20.26
HANGZHOU FUYANG DEVELOP 7.70 04/28/21 CNY 29.00
HANGZHOU GONGSHU DISTRI 6.90 07/21/21 CNY 20.25
HANGZHOU GONGSHU DISTRI 6.90 07/21/21 CNY 20.40
HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 62.28
HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 62.51
HANGZHOU WEST LAKE INVE 4.30 04/25/23 CNY 60.19
HANGZHOU WEST LAKE INVE 4.30 04/25/23 CNY 60.38
HANGZHOU XIAOSHAN ECO&T 6.90 05/13/21 CNY 20.14
HANGZHOU XIAOSHAN QIANJ 4.00 03/22/23 CNY 59.86
HANGZHOU XIAOSHAN QIANJ 4.00 03/22/23 CNY 59.92
HANGZHOU YUHANG CITY CO 7.00 03/03/21 CNY 20.10
HANGZHOU YUHANG ECONOMI 7.45 03/03/21 CNY 20.14
HANGZHOU YUHANG ECONOMI 7.45 03/03/21 CNY 20.75
HANGZHOU YUHANG TRANSPO 7.19 04/18/21 CNY 20.15
HANGZHOU YUHANG TRANSPO 7.19 04/18/21 CNY 21.85
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 19.83
HEBEI ZHONGYUE CITY CON 4.10 11/16/21 CNY 19.85
HEBI INVESTMENTS GROUP 7.88 08/01/21 CNY 20.29
HEBI INVESTMENTS GROUP 7.88 08/01/21 CNY 20.99
HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 39.73
HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 42.42
HECHI STATE-OWNED ASSET 4.37 11/04/23 CNY 57.63
HECHI STATE-OWNED ASSET 4.37 11/04/23 CNY 58.37
HEFEI CONSTRUCTION INVE 7.20 04/29/24 CNY 62.71
HEFEI XINCHENG STATE-OW 4.13 07/15/23 CNY 59.15
HEFEI XINCHENG STATE-OW 4.13 07/15/23 CNY 59.52
HEILONGJIANG HECHENG CO 7.05 06/21/22 CNY 30.36
HEILONGJIANG HECHENG CO 5.60 11/11/21 CNY 20.00
HEISHAN TONGHE ASSET MA 6.79 09/18/22 CNY 39.28
HEISHAN TONGHE ASSET MA 6.79 09/18/22 CNY 39.31
HENAN ENERGY & CHEMICAL 6.98 10/31/23 CNY 28.74
HENAN ENERGY & CHEMICAL 6.98 11/02/21 CNY 29.07
HENGYANG BAISHAZHOU DEV 6.87 08/22/21 CNY 20.12
HENGYANG BAISHAZHOU DEV 6.87 08/22/21 CNY 24.50
HENGYANG COMMUNICATION 4.28 01/21/23 CNY 59.60
HENGYANG COMMUNICATION 4.28 01/21/23 CNY 60.00
HENGYANG XIANGJIANG WAT 7.40 04/23/21 CNY 20.19
HENGYANG XIANGJIANG WAT 7.40 04/23/21 CNY 21.10
HESHAN PUBLIC ASSET MAN 5.08 12/07/23 CNY 60.28
HESHAN PUBLIC ASSET MAN 5.08 12/07/23 CNY 80.15
HESHAN PUBLIC ASSET MAN 4.08 09/28/23 CNY 58.15
HESHAN PUBLIC ASSET MAN 4.08 09/28/23 CNY 58.63
HETIAN YUXIN STATE-OWNE 4.65 03/28/23 CNY 59.03
HETIAN YUXIN STATE-OWNE 4.65 03/28/23 CNY 59.36
HEYUAN CITY RUNYE INVES 6.20 12/03/21 CNY 20.17
HEYUAN CITY RUNYE INVES 6.20 12/03/21 CNY 25.88
HEZE INVESTMENT DEVELOP 7.14 03/24/21 CNY 20.12
HEZE INVESTMENT DEVELOP 7.14 03/24/21 CNY 20.95
HEZHOU URBAN CONSTRUCTI 8.16 05/16/21 CNY 20.19
HEZHOU URBAN CONSTRUCTI 8.16 05/16/21 CNY 21.00
HNA GROUP CO LTD 5.99 11/27/22 CNY 29.10
HNA GROUP CO LTD 7.10 04/15/20 CNY 70.00
HUACHEN ENERGY CO LTD 6.63 05/18/20 USD 34.83
HUAIAN CITY HUAIAN DIST 4.63 05/03/23 CNY 59.71
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 40.55
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 41.54
HUAIAN CITY XUYI URBAN 5.10 04/15/23 CNY 59.34
HUAIAN CITY XUYI URBAN 5.10 04/15/23 CNY 59.78
HUAI'AN DEVELOPMENT HOL 7.30 03/10/21 CNY 20.15
HUAI'AN DEVELOPMENT HOL 7.30 03/10/21 CNY 27.84
HUAIAN HONGRI TRANSPORT 5.09 04/20/23 CNY 58.01
HUAIAN HONGRI TRANSPORT 5.09 04/20/23 CNY 58.79
HUAIAN HONGZE DISTRICT 4.37 07/18/23 CNY 58.56
HUAIAN HONGZE DISTRICT 4.37 07/18/23 CNY 58.61
HUAI'AN NEW CITY INVEST 6.95 07/28/21 CNY 20.25
HUAI'AN NEW CITY INVEST 6.95 07/28/21 CNY 27.50
HUAI'AN NEW CITY INVEST 7.45 03/04/21 CNY 20.00
HUAI'AN NEW CITY INVEST 7.45 03/04/21 CNY 20.09
HUAIHUA CITY CONSTRUCTI 4.18 08/31/23 CNY 58.41
HUAIHUA CITY CONSTRUCTI 4.18 08/31/23 CNY 58.64
HUAIHUA ECONOMIC DEVELO 6.80 03/26/22 CNY 40.00
HUAIHUA ECONOMIC DEVELO 6.80 03/26/22 CNY 40.21
HUAIHUA TRANSPORTATION 4.96 04/12/23 CNY 59.29
HUAIHUA TRANSPORTATION 4.96 04/12/23 CNY 59.32
HUAINAN URBAN CONSTRUCT 6.79 07/09/21 CNY 20.26
HUAINAN URBAN CONSTRUCT 6.79 07/09/21 CNY 20.26
HUANGGANG CITY CONSTRUC 4.08 01/18/23 CNY 59.88
HUANGGANG CITY CONSTRUC 7.45 03/04/21 CNY 20.11
HUANGGANG CITY CONSTRUC 7.45 03/04/21 CNY 20.30
HUANGGANG CITY CONSTRUC 8.60 12/25/20 CNY 20.03
HUANGSHAN CHENGTOU GROU 5.95 05/06/22 CNY 40.54
HUANGSHAN CHENGTOU GROU 5.95 05/06/22 CNY 40.65
HUANGSHI CIHU HIGH-TECH 4.97 06/08/23 CNY 59.66
HUANGSHI CIHU HIGH-TECH 4.97 06/08/23 CNY 59.90
HUANGSHI CIHU HIGH-TECH 4.50 06/08/23 CNY 59.92
HUANGSHI CIHU HIGH-TECH 4.50 06/08/23 CNY 63.00
HUANGSHI CIHU HIGH-TECH 9.30 01/21/21 CNY 20.07
HUANGSHI URBAN CONSTRUC 5.99 04/29/22 CNY 40.00
HUANGSHI URBAN CONSTRUC 5.99 04/29/22 CNY 40.51
HUAWEN MEDIA GROUP 6.00 04/04/23 CNY 68.70
HUAWEN MEDIA GROUP 5.45 11/08/22 CNY 63.41
HUBEI PROVINCE CHANGJIA 6.15 04/03/22 CNY 40.56
HUBEI PROVINCE CHANGJIA 6.15 04/03/22 CNY 42.40
HUBEI SUPPLY AND MARKET 6.70 08/23/24 CNY 74.78
HULUDAO INVESTMENT GROU 7.50 10/18/23 CNY 46.27
HULUNBEIER INVESTMENT C 6.31 04/30/22 CNY 40.05
HULUNBEIER INVESTMENT C 6.31 04/30/22 CNY 40.36
HUNAN CHANGDE DEYUAN IN 6.50 06/16/21 CNY 20.16
HUNAN CHANGDE DEYUAN IN 6.50 06/16/21 CNY 22.25
HUNAN CHUZHISHENG HOLDI 5.60 12/18/22 CNY 60.49
HUNAN CHUZHISHENG HOLDI 5.60 12/18/22 CNY 60.58
HUNAN JINYANG INVESTMEN 4.39 04/06/23 CNY 59.18
HUNAN JINYANG INVESTMEN 4.39 04/06/23 CNY 59.30
HUNAN JINYANG INVESTMEN 4.37 01/19/23 CNY 59.56
HUNAN JINYANG INVESTMEN 4.37 01/19/23 CNY 59.59
HUNAN JINYANG INVESTMEN 5.70 11/27/21 CNY 18.60
HUNAN JINYANG INVESTMEN 5.70 11/27/21 CNY 20.07
HUNAN JINYANG NEW CITY 4.43 10/23/22 CNY 39.87
HUNAN JINYANG NEW CITY 4.43 10/23/22 CNY 39.92
HUNAN LINGANG DEVELOPME 3.94 10/26/23 CNY 57.14
HUNAN LINGANG DEVELOPME 3.94 10/26/23 CNY 57.14
HUNAN LINGANG DEVELOPME 4.24 07/21/23 CNY 58.70
HUNAN LINGANG DEVELOPME 4.24 07/21/23 CNY 59.15
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 56.63
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 57.73
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 38.96
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 47.00
HUNAN PROVINCIAL RAILWA 6.09 04/30/25 CNY 70.00
HUNAN PROVINCIAL RAILWA 6.09 04/30/25 CNY 72.95
HUNAN SENTE INDUSTRIAL 6.90 11/28/24 CNY 40.00
HUNAN SHAODONG ECO-INDU 6.58 12/13/23 CNY 61.64
HUNAN SHAODONG ECO-INDU 6.50 01/11/23 CNY 59.24
HUNAN SHAODONG ECO-INDU 6.50 01/11/23 CNY 59.31
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 57.66
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 58.71
HUNAN TIER GROUP CO LTD 7.10 03/03/21 CNY 20.14
HUNAN TIER GROUP CO LTD 7.10 03/03/21 CNY 20.30
HUNAN TIER GROUP CO LTD 8.00 12/23/20 CNY 20.05
HUNAN TIER GROUP CO LTD 8.00 12/23/20 CNY 22.72
HUNAN XIANGJIANG NEW AR 7.36 03/17/21 CNY 20.00
HUNAN XIANGJIANG NEW AR 7.36 03/17/21 CNY 20.18
HUNAN YOUZHOU INVESTMEN 4.80 07/07/23 CNY 59.74
HUNAN YOUZHOU INVESTMEN 4.80 07/07/23 CNY 59.75
HUZHOU URBAN CONSTRUCTI 6.48 08/28/21 CNY 20.25
HUZHOU URBAN CONSTRUCTI 6.48 08/28/21 CNY 22.38
HUZHOU WUXING NANTAIHU 8.79 01/16/21 CNY 20.00
HUZHOU WUXING NANTAIHU 8.79 01/16/21 CNY 20.06
HUZHOU XISAISHAN DEVELO 7.80 04/29/21 CNY 20.00
HUZHOU XISAISHAN DEVELO 7.80 04/29/21 CNY 20.26
INNER MONGOLIA JINLONG 7.30 11/19/22 CNY 39.50
INNER MONGOLIA JINLONG 7.30 11/19/22 CNY 39.92
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 38.92
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 40.00
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 39.09
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 40.00
INNER MONGOLIA SHENGXIA 8.18 08/21/21 CNY 20.04
INNER MONGOLIA SHENGXIA 8.18 08/21/21 CNY 24.00
INNER MONGOLIA ZHUNGEER 6.54 12/31/21 CNY 40.53
INNER MONGOLIA ZHUNGEER 6.54 12/31/21 CNY 42.10
JIAN CITY JINGANGSHAN D 4.87 01/27/23 CNY 59.26
JIAN CITY JINGANGSHAN D 4.87 01/27/23 CNY 59.79
JIAN CITY JINGANGSHAN D 7.99 06/03/21 CNY 20.15
JIAN CITY JINGANGSHAN D 7.99 06/03/21 CNY 20.87
JIANAN INVESTMENT HOLDI 3.85 09/05/23 CNY 59.24
JIANAN INVESTMENT HOLDI 3.50 09/05/23 CNY 59.28
JIANAN INVESTMENT HOLDI 3.85 09/05/23 CNY 59.46
JIANAN INVESTMENT HOLDI 3.50 09/05/23 CNY 61.00
JIANAN INVESTMENT HOLDI 4.30 03/08/23 CNY 59.86
JIANAN INVESTMENT HOLDI 4.30 03/08/23 CNY 59.91
JIANAN INVESTMENT HOLDI 6.85 05/23/21 CNY 20.17
JIANAN INVESTMENT HOLDI 6.85 05/23/21 CNY 26.50
JIANGDONG HOLDING GROUP 7.14 04/24/21 CNY 20.17
JIANGMEN NEW HI-TECH IN 6.03 04/22/22 CNY 40.56
JIANGMEN NEW HI-TECH IN 6.03 04/22/22 CNY 41.10
JIANGSU BEIGU INDUSTRIA 5.80 06/20/23 CNY 60.11
JIANGSU BEIGU INDUSTRIA 5.80 06/20/23 CNY 60.63
JIANGSU DAHANG LINGANG 5.18 09/22/23 CNY 58.64
JIANGSU DAHANG LINGANG 5.18 09/22/23 CNY 58.82
JIANGSU GAOCHUN ECONOMI 3.92 11/23/23 CNY 59.29
JIANGSU GAOCHUN ECONOMI 3.92 11/23/23 CNY 59.29
JIANGSU GAOCHUN ECONOMI 3.67 09/23/23 CNY 59.13
JIANGSU GAOCHUN ECONOMI 3.67 09/23/23 CNY 59.22
JIANGSU HAIZHOU DEVELOP 4.67 06/06/23 CNY 60.00
JIANGSU HAIZHOU DEVELOP 4.67 06/06/23 CNY 61.51
JIANGSU HAIZHOUWAN DEVE 5.37 03/29/23 CNY 44.20
JIANGSU HANRUI INVESTME 5.00 08/31/23 CNY 57.62
JIANGSU HANRUI INVESTME 5.00 08/31/23 CNY 58.76
JIANGSU HANRUI INVESTME 4.63 04/15/23 CNY 59.95
JIANGSU HANRUI INVESTME 4.63 04/15/23 CNY 60.51
JIANGSU JINGUAN INVESTM 7.90 04/08/21 CNY 20.18
JIANGSU JINGUAN INVESTM 7.90 04/08/21 CNY 20.80
JIANGSU JINTAN GUOFA IN 4.60 08/22/23 CNY 58.75
JIANGSU JINTAN GUOFA IN 4.60 08/22/23 CNY 59.22
JIANGSU JINTAN GUOFA IN 6.85 05/30/21 CNY 20.00
JIANGSU JINTAN GUOFA IN 6.85 05/30/21 CNY 20.19
JIANGSU JURONG FUDI BIO 7.70 03/21/21 CNY 40.25
JIANGSU JURONG FUDI BIO 7.70 03/21/21 CNY 40.28
JIANGSU NANTONG NO2 CON 8.10 07/10/21 CNY 20.16
JIANGSU RUNCHENG ASSET 7.88 04/16/21 CNY 20.19
JIANGSU RUNCHENG ASSET 7.88 04/16/21 CNY 28.80
JIANGSU RUNQI WANGUO IN 4.14 10/21/21 CNY 29.34
JIANGSU RUNQI WANGUO IN 4.14 10/21/21 CNY 29.92
JIANGSU SUHAI INVESTMEN 7.28 05/29/21 CNY 20.12
JIANGSU SUHAI INVESTMEN 7.28 05/29/21 CNY 25.00
JIANGSU TAICANG PORT DE 7.40 04/28/21 CNY 20.00
JIANGSU TAICANG PORT DE 7.40 04/28/21 CNY 20.16
JIANGSU WUZHONG ECONOMI 5.49 11/19/21 CNY 20.28
JIANGSU WUZHONG ECONOMI 5.49 11/19/21 CNY 20.32
JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 40.00
JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 40.57
JIANGSU YANGKOU PORT CO 6.23 04/10/22 CNY 40.44
JIANGSU YANGKOU PORT CO 6.23 04/10/22 CNY 47.50
JIANGSU YINGZHOU DEVELO 4.33 09/21/23 CNY 57.66
JIANGSU YINGZHOU DEVELO 4.33 09/21/23 CNY 57.99
JIANGSU YIXING ECONOMIC 7.69 04/18/21 CNY 20.21
JIANGSU YIXING ECONOMIC 7.69 04/18/21 CNY 30.19
JIANGSU ZHANGJIAGANG EC 3.95 03/22/23 CNY 59.92
JIANGSU ZHANGJIAGANG EC 3.95 03/22/23 CNY 60.00
JIANGSU ZHUFU INDUSTRIA 4.47 07/20/23 CNY 56.30
JIANGSU ZHUFU INDUSTRIA 4.47 07/20/23 CNY 58.53
JIANGSU ZHUFU INDUSTRIA 4.93 12/29/20 CNY 40.02
JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 59.94
JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 60.00
JIANGXI HUIHENG PROPERT 4.43 08/30/21 CNY 39.31
JIANGXI HUIHENG PROPERT 4.43 08/30/21 CNY 39.99
JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 59.44
JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 59.45
JIANGXI PINGXIANG CHANG 8.18 05/22/21 CNY 20.30
JIANGXI PINGXIANG CHANG 8.18 05/22/21 CNY 29.34
JIANGXI PROVINCE SITONG 8.20 04/18/21 CNY 20.31
JIANGXI PROVINCE SITONG 8.20 04/18/21 CNY 20.37
JIANGYOU HONGFEI INVEST 6.55 09/02/22 CNY 40.31
JIANGYOU HONGFEI INVEST 6.55 09/02/22 CNY 40.53
JIANHU COUNTY DEVELOPME 7.29 09/25/21 CNY 20.18
JIANHU COUNTY DEVELOPME 7.29 09/25/21 CNY 22.75
JIANHU URBAN CONSTRUCTI 6.30 06/01/22 CNY 39.67
JIANHU URBAN CONSTRUCTI 6.30 06/01/22 CNY 42.86
JIANHU URBAN CONSTRUCTI 3.28 10/13/21 CNY 39.29
JIANHU URBAN CONSTRUCTI 3.28 10/13/21 CNY 41.00
JIANYANG DEVELOPMENT HO 3.93 11/10/23 CNY 56.96
JIANYANG DEVELOPMENT HO 3.93 11/10/23 CNY 57.70
JIAXING ECONOMIC&TECHNO 7.89 03/05/21 CNY 20.10
JIAXING ECONOMIC&TECHNO 7.89 03/05/21 CNY 21.13
JIAXING NANHU INVESTMEN 7.45 02/26/21 CNY 20.08
JIAXING NANHU INVESTMEN 7.45 02/26/21 CNY 21.80
JIAXING XIANGJIADANG DE 3.87 09/21/23 CNY 57.98
JIAXING XIANGJIADANG DE 3.87 09/21/23 CNY 59.36
JIAXING XIANGJIADANG DE 4.13 07/20/23 CNY 59.58
JIAXING XIANGJIADANG DE 4.13 07/20/23 CNY 59.61
JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 60.35
JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 60.35
JIAYUGUAN CITY INFRASTR 7.83 09/23/21 CNY 20.00
JIAYUGUAN CITY INFRASTR 7.83 09/23/21 CNY 20.13
JIEYANG CITY INVESTMENT 6.55 08/27/21 CNY 20.18
JIEYANG CITY INVESTMENT 6.55 08/27/21 CNY 20.40
JILIN CITY CONSTRUCTION 3.80 01/27/23 CNY 59.39
JILIN CITY CONSTRUCTION 3.80 01/27/23 CNY 59.90
JILIN ECONOMIC AND TECH 6.20 04/29/23 CNY 59.68
JILIN ECONOMIC AND TECH 6.20 04/29/23 CNY 60.20
JILIN NORTHEAST SOCK IN 7.50 05/19/22 CNY 71.10
JILIN NORTHEAST SOCK IN 6.80 12/19/21 CNY 70.00
JILIN RAILWAY INVESTMEN 7.18 03/04/21 CNY 20.09
JINAN CITY CONSTRUCTION 6.80 03/20/21 CNY 20.12
JINAN CITY CONSTRUCTION 6.80 03/20/21 CNY 20.26
JINAN CITY LICHENG DIST 5.00 06/23/22 CNY 39.63
JINAN CITY LICHENG DIST 5.00 06/23/22 CNY 40.26
JINAN HI-TECH HOLDING G 6.38 06/19/21 CNY 20.14
JINCHANG CONSTRUCTION I 6.79 12/21/22 CNY 60.00
JINCHANG CONSTRUCTION I 6.79 12/21/22 CNY 60.44
JINCHENG STATE-OWNED CA 4.99 11/11/21 CNY 20.09
JINGDEZHEN CERAMIC CULT 5.38 11/27/22 CNY 39.83
JINGDEZHEN CERAMIC CULT 5.38 11/27/22 CNY 40.00
JINGHONG STATE-OWNED AS 8.08 05/23/21 CNY 19.94
JINGHONG STATE-OWNED AS 8.08 05/23/21 CNY 20.00
JINGJIANG CITY INVESTME 4.55 03/30/23 CNY 59.67
JINGJIANG CITY INVESTME 4.55 03/30/23 CNY 59.71
JINGJIANG HARBOUR GROUP 7.30 08/05/21 CNY 20.18
JINGJIANG HARBOUR GROUP 7.30 08/05/21 CNY 28.68
JINGMEN CITY CONSTRUCTI 6.85 07/09/22 CNY 30.00
JINGMEN CITY CONSTRUCTI 6.85 07/09/22 CNY 30.63
JINGMEN HIGH-TECH DEVEL 4.15 07/28/23 CNY 58.70
JINGMEN HIGH-TECH DEVEL 4.15 07/28/23 CNY 59.09
JINGMEN HIGH-TECH DEVEL 5.48 08/11/22 CNY 39.80
JINGMEN HIGH-TECH DEVEL 5.48 08/11/22 CNY 39.98
JINGSHAN JINGCHENG INVE 4.38 08/29/23 CNY 58.69
JINGSHAN JINGCHENG INVE 4.38 08/29/23 CNY 59.75
JINGZHOU URBAN CONSTRUC 3.97 03/10/23 CNY 59.58
JINGZHOU URBAN CONSTRUC 3.97 03/10/23 CNY 59.68
JINHU COUNTY STATE-OWNE 4.00 07/26/22 CNY 49.68
JINHU COUNTY STATE-OWNE 4.00 07/26/22 CNY 49.83
JINHU COUNTY STATE-OWNE 7.75 08/25/21 CNY 20.35
JINHU COUNTY STATE-OWNE 7.75 08/25/21 CNY 21.33
JINING CITY SHIZHONG DI 3.52 09/14/23 CNY 58.92
JINING CITY SHIZHONG DI 6.39 01/29/22 CNY 40.30
JINING CITY SHIZHONG DI 6.39 01/29/22 CNY 44.44
JINING HIGH TECH URBAN 6.09 04/30/22 CNY 40.53
JINING HIGH TECH URBAN 6.09 04/30/22 CNY 41.50
JINSHA COUNTY CONSTRUCT 6.01 09/05/23 CNY 58.66
JINSHA COUNTY CONSTRUCT 6.01 09/05/23 CNY 58.80
JINTANG MODERN AGRICULT 5.49 07/14/23 CNY 58.51
JINTANG MODERN AGRICULT 5.49 07/14/23 CNY 59.25
JINZHAI URBAN DEVELOPME 5.90 04/25/23 CNY 60.86
JINZHAI URBAN DEVELOPME 5.90 04/25/23 CNY 60.97
JINZHOU CITY INVESTMENT 6.44 08/18/21 CNY 20.02
JINZHOU CITY INVESTMENT 6.44 08/18/21 CNY 24.91
JINZHOU CITY INVESTMENT 8.50 12/27/20 CNY 20.00
JINZHOU CITY INVESTMENT 8.50 12/27/20 CNY 20.02
JINZHOU HUAXING INVESTM 8.38 02/25/21 CNY 20.09
JINZHOU HUAXING INVESTM 8.38 02/25/21 CNY 25.00
JINZHOU HUAXING INVESTM 9.10 01/21/21 CNY 20.06
JINZHOU HUAXING INVESTM 9.10 01/21/21 CNY 20.90
JISHOU HUATAI STATE OWN 7.18 02/09/22 CNY 40.15
JISHOU HUATAI STATE OWN 7.18 02/09/22 CNY 42.82
JIUJIANG CITY CONSTRUCT 5.50 05/22/22 CNY 39.55
JIUJIANG CITY CONSTRUCT 5.50 05/22/22 CNY 40.57
JIUJIANG LAND INVESTMEN 6.20 03/23/22 CNY 40.36
JIUJIANG LAND INVESTMEN 6.20 03/23/22 CNY 40.51
JIUJIANG LIANXI DISTRIC 4.58 03/30/23 CNY 59.26
JIUJIANG LIANXI DISTRIC 4.58 03/30/23 CNY 59.30
JIUQUAN ECONOMIC DEVELO 7.40 02/26/21 CNY 20.07
JIUQUAN ECONOMIC DEVELO 7.40 02/26/21 CNY 20.60
JIXI STATE OWN ASSET MA 6.87 01/19/22 CNY 40.00
JIXI STATE OWN ASSET MA 6.87 01/19/22 CNY 40.85
JIZHONG ENERGY FENGFENG 6.43 05/08/22 CNY 92.33
JIZHONG ENERGY GROUP CO 6.05 08/13/22 CNY 59.79
JIZHONG ENERGY GROUP CO 6.50 01/19/21 CNY 75.20
KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 40.09
KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 40.09
KAIFU CITY DEVELOPMENT 3.73 08/22/23 CNY 59.00
KAIFU CITY DEVELOPMENT 3.73 08/22/23 CNY 59.15
KAIFU CITY DEVELOPMENT 4.20 01/21/23 CNY 58.50
KAIFU CITY DEVELOPMENT 4.20 01/21/23 CNY 59.79
KAILI GUIZHOU TOWN CONS 4.20 10/13/23 CNY 55.61
KAILI GUIZHOU TOWN CONS 4.20 10/13/23 CNY 56.22
KAILI GUIZHOU TOWN CONS 5.29 12/17/22 CNY 58.35
KAILI GUIZHOU TOWN CONS 5.29 12/17/22 CNY 60.00
KANGMEI PHARMACEUTICAL 5.47 09/15/22 CNY 31.88
KANGMEI PHARMACEUTICAL 5.29 08/16/22 CNY 31.91
KANGMEI PHARMACEUTICAL 5.20 07/17/22 CNY 31.88
KANGMEI PHARMACEUTICAL 6.33 01/27/22 CNY 36.69
KANGMEI PHARMACEUTICAL 6.80 06/28/21 CNY 31.88
KANGMEI PHARMACEUTICAL 7.00 06/21/21 CNY 31.88
KANGMEI PHARMACEUTICAL 5.50 04/20/21 CNY 20.09
KANGMEI PHARMACEUTICAL 6.10 03/28/21 CNY 31.88
KANGMEI PHARMACEUTICAL 6.28 03/20/21 CNY 31.88
KASHI URBAN CONSTRUCTIO 5.80 07/20/22 CNY 40.00
KASHI URBAN CONSTRUCTIO 5.80 07/20/22 CNY 40.27
KUNMING DONGJUN REAL ES 4.50 11/02/21 CNY 24.65
KUNSHAN COMMUNICATION D 6.95 05/22/21 CNY 20.27
KUNSHAN COMMUNICATION D 6.95 05/22/21 CNY 25.45
KUNSHAN HIGH TECHNOLOGY 7.10 03/26/21 CNY 19.80
KUNSHAN HIGH TECHNOLOGY 7.10 03/26/21 CNY 20.14
LAIWU CITY ECONOMIC DEV 7.08 02/28/21 CNY 20.12
LAIWU CITY ECONOMIC DEV 7.08 02/28/21 CNY 20.60
LANZHOU STATE OWNED ASS 6.32 09/10/21 CNY 14.90
LANZHOU STATE OWNED ASS 6.32 09/10/21 CNY 19.99
LAOHEKOU CITY CONSTRUCT 6.75 08/12/22 CNY 40.24
LAOHEKOU CITY CONSTRUCT 6.75 08/12/22 CNY 40.34
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 40.99
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 40.99
LEPING STATE-OWNED ASSE 3.70 10/20/23 CNY 58.62
LEPING STATE-OWNED ASSE 3.70 10/20/23 CNY 59.13
LEQING CITY STATE OWNED 5.99 10/20/21 CNY 20.35
LEQING CITY STATE OWNED 5.99 10/20/21 CNY 20.85
LESHAN STATE-OWNED ASSE 5.68 10/22/21 CNY 20.00
LESHAN STATE-OWNED ASSE 5.68 10/22/21 CNY 20.26
LIANYUNGANG TRANSPORT G 5.47 11/17/21 CNY 20.19
LIANYUNGANG TRANSPORT G 5.47 11/17/21 CNY 25.00
LIAOCHENG ANTAI URBAN R 5.16 04/11/23 CNY 59.10
LIAOCHENG ANTAI URBAN R 4.58 04/11/23 CNY 59.57
LIAOCHENG ANTAI URBAN R 5.16 04/11/23 CNY 59.97
LIAOCHENG ANTAI URBAN R 4.58 04/11/23 CNY 60.03
LIAOCHENG XINGYE ECONOM 5.20 04/13/23 CNY 58.78
LIAOCHENG XINGYE ECONOM 5.20 04/13/23 CNY 60.41
LIAONING COASTAL ECONOM 8.90 04/01/21 CNY 3.63
LIAONING COASTAL ECONOM 8.90 04/01/21 CNY 11.03
LIAONING GUANLONG CONST 4.70 11/10/23 CNY 58.53
LIAONING GUANLONG CONST 4.70 11/10/23 CNY 58.75
LIAONING YAODU DEVELOPM 6.50 04/29/23 CNY 60.60
LILING HIGH-TECH INDUST 4.93 01/19/23 CNY 59.17
LILING HIGH-TECH INDUST 4.93 01/19/23 CNY 59.86
LINFEN YAODU DISTRICT I 7.19 03/13/22 CNY 40.45
LINFEN YAODU DISTRICT I 7.19 03/13/22 CNY 40.49
LINYI CITY DEVELOPMENT 3.85 11/22/23 CNY 59.08
LINYI CITY DEVELOPMENT 3.85 11/22/23 CNY 59.39
LISHUI CITY CULTURAL TO 5.67 08/13/22 CNY 40.36
LIUPANSHUI DEVELOPMENT 3.74 01/20/23 CNY 59.65
LIUPANSHUI MINSHENG INV 5.08 01/29/23 CNY 58.74
LIUPANSHUI MINSHENG INV 5.08 01/29/23 CNY 59.46
LIUYANG MODERN MANUFACT 4.72 01/19/23 CNY 59.04
LIUYANG MODERN MANUFACT 4.72 01/19/23 CNY 59.23
LIUYANG URBAN CONSTRUCT 4.45 05/24/23 CNY 60.05
LIUYANG URBAN CONSTRUCT 4.45 05/24/23 CNY 60.08
LIUYANG URBAN CONSTRUCT 6.98 08/22/21 CNY 20.37
LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 45.35
LIUZHOU DONGTONG INVEST 4.45 07/22/23 CNY 57.36
LIUZHOU DONGTONG INVEST 4.45 07/22/23 CNY 57.87
LIUZHOU INVESTMENT HOLD 4.28 03/08/23 CNY 58.61
LIUZHOU INVESTMENT HOLD 4.28 03/08/23 CNY 58.99
LIUZHOU LONGJIAN INVEST 8.28 04/30/24 CNY 62.19
LIYANG KUNLUN URBAN CON 5.90 10/24/21 CNY 18.00
LIYANG KUNLUN URBAN CON 5.90 10/24/21 CNY 20.16
LONGHAI STATE-OWNED ASS 6.58 08/15/21 CNY 20.20
LONGYAN RAILWAY CONSTRU 4.98 04/13/23 CNY 59.38
LONGYAN RAILWAY CONSTRU 4.98 04/13/23 CNY 59.68
LOUDI CITY CONSTRUCTION 7.95 04/15/21 CNY 20.20
LOUDI CITY CONSTRUCTION 7.95 04/15/21 CNY 30.31
LOUDI TIDU INVESTMENT D 4.83 01/20/23 CNY 59.55
LOUDI TIDU INVESTMENT D 4.83 01/20/23 CNY 59.71
LOUDI TIDU INVESTMENT D 7.18 08/27/21 CNY 19.91
LOUDI TIDU INVESTMENT D 7.18 08/27/21 CNY 20.00
LOUDI WANBAO NEW DISTRI 4.42 08/01/23 CNY 58.44
LOUDI WANBAO NEW DISTRI 4.42 08/01/23 CNY 58.61
LOUDI WANBAO NEW DISTRI 5.13 02/01/23 CNY 59.41
LOUDI WANBAO NEW DISTRI 5.13 02/01/23 CNY 59.51
LU'AN CITY CONSTRUCTION 5.05 04/26/21 CNY 50.16
LU'AN CITY CONSTRUCTION 3.97 02/22/21 CNY 50.00
LUJIANG CITY CONSTRUCTI 6.70 04/16/22 CNY 40.00
LUJIANG CITY CONSTRUCTI 6.70 04/16/22 CNY 40.53
LUOYANG CITY COUNTRY CO 4.28 04/26/23 CNY 58.85
LUOYANG CITY COUNTRY CO 4.28 04/26/23 CNY 60.15
LUOYANG CITY DEVELOPMEN 4.47 12/02/22 CNY 40.00
LUOYANG CITY DEVELOPMEN 4.47 12/02/22 CNY 40.20
LUZHOU FUYANG INVESTMEN 5.00 08/11/23 CNY 59.70
LUZHOU FUYANG INVESTMEN 5.00 08/11/23 CNY 59.85
LUZHOU XINGLU INVESTMEN 6.41 04/23/25 CNY 70.00
LUZHOU XINGLU INVESTMEN 6.41 04/23/25 CNY 73.40
LUZHOU XINGYANG INVESTM 4.87 01/28/23 CNY 59.28
LUZHOU XINGYANG INVESTM 4.87 01/28/23 CNY 59.33
MA'ANSHAN CIHU HIGH TEC 3.90 11/28/23 CNY 59.05
MA'ANSHAN CIHU HIGH TEC 3.90 11/28/23 CNY 60.40
MA'ANSHAN CIHU HIGH TEC 6.85 09/09/21 CNY 20.26
MA'ANSHAN CIHU HIGH TEC 6.85 09/09/21 CNY 23.00
MAANSHAN ECONOMIC TECHN 6.49 03/06/22 CNY 40.24
MAANSHAN ECONOMIC TECHN 6.49 03/06/22 CNY 44.99
MAANSHAN HUASHAN DISTRI 6.07 04/20/22 CNY 40.57
MAANSHAN HUASHAN DISTRI 6.07 04/20/22 CNY 40.60
MAANSHAN SOUTHERN INDUS 4.43 09/02/23 CNY 58.60
MAANSHAN SOUTHERN INDUS 4.43 09/02/23 CNY 58.86
MAANSHAN SOUTHERN INDUS 4.53 07/25/23 CNY 58.41
MAANSHAN SOUTHERN INDUS 4.53 07/25/23 CNY 59.19
MEISHAN ASSET MANAGEMEN 7.84 02/26/21 CNY 20.10
MEISHAN CITY DONGPO DEV 5.90 06/30/23 CNY 58.46
MEISHAN CITY DONGPO DEV 5.90 06/30/23 CNY 59.15
MEISHAN HONGDA CONSTRUC 4.18 03/28/23 CNY 58.99
MEISHAN HONGDA CONSTRUC 4.18 03/28/23 CNY 59.00
MEIZHOU CITY XIN JIN YE 6.02 04/22/22 CNY 40.45
MEIZHOU CITY XIN JIN YE 6.02 04/22/22 CNY 45.32
MEIZHOU MEI COUNTY DIST 5.00 12/30/22 CNY 59.93
MEIZHOU MEI COUNTY DIST 5.00 12/30/22 CNY 60.00
MUDANJIANG AREA URBAN D 6.48 06/30/22 CNY 40.09
MUDANJIANG AREA URBAN D 6.48 06/30/22 CNY 45.00
MUDANJIANG STATE-OWNED 7.70 04/14/21 CNY 20.11
MUDANJIANG STATE-OWNED 7.70 04/14/21 CNY 20.11
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 59.19
NANCHANG ECONOMY TECHNO 3.83 09/22/23 CNY 59.30
NANCHONG AIRPORT INVEST 6.80 01/26/22 CNY 40.08
NANCHONG AIRPORT INVEST 6.80 01/26/22 CNY 40.18
NANCHONG ECONOMIC DEVEL 8.28 04/21/21 CNY 20.17
NANCHONG ECONOMIC DEVEL 8.28 04/21/21 CNY 31.20
NANJING BAIXIA STATE-OW 3.98 03/29/23 CNY 59.72
NANJING BAIXIA STATE-OW 3.98 03/29/23 CNY 59.75
NANJING JIANGNING ECONO 7.94 04/14/24 CNY 63.50
NANJING JIANGNING ECONO 7.94 04/14/24 CNY 63.52
NANJING JIANGNING URBAN 3.48 11/11/23 CNY 58.42
NANJING JIANGNING URBAN 3.48 11/11/23 CNY 59.32
NANJING JIANYE SCIENCE 4.37 06/24/23 CNY 59.80
NANJING JIANYE SCIENCE 4.37 06/24/23 CNY 59.95
NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 59.15
NANJING LISHUI ECONOMIC 6.27 09/22/21 CNY 20.27
NANJING LISHUI ECONOMIC 6.27 09/22/21 CNY 21.29
NANJING LISHUI URBAN CO 4.97 04/28/23 CNY 60.12
NANJING LISHUI URBAN CO 4.97 04/28/23 CNY 60.29
NANJING METRO GROUP CO 3.29 08/29/23 CNY 59.48
NANJING QIXIA STATE-OWN 4.10 06/24/23 CNY 59.63
NANJING QIXIA STATE-OWN 4.10 06/24/23 CNY 60.08
NANJING STATE OWNED ASS 5.60 03/06/23 CNY 45.73
NANJING TANGSHAN CONSTR 6.80 06/30/21 CNY 20.26
NANJING TANGSHAN CONSTR 6.80 06/30/21 CNY 26.80
NANNING HI-TECH INDUSTR 3.82 10/20/23 CNY 57.87
NANNING HI-TECH INDUSTR 3.82 10/20/23 CNY 58.30
NANNING HI-TECH INDUSTR 4.28 03/25/23 CNY 55.20
NANNING HI-TECH INDUSTR 4.28 03/25/23 CNY 59.10
NANNING LVGANG CONSTRUC 7.30 06/27/21 CNY 20.05
NANNING LVGANG CONSTRUC 7.30 06/27/21 CNY 24.80
NANPING CITY WUYI NEW D 4.96 09/28/22 CNY 40.18
NANPING CITY WUYI NEW D 4.96 09/28/22 CNY 40.60
NANTONG CHONGCHUAN URBA 5.70 07/21/22 CNY 70.00
NANTONG CHONGCHUAN URBA 5.70 07/21/22 CNY 71.00
NANTONG CHONGCHUAN URBA 7.15 04/18/21 CNY 20.26
NANTONG CHONGCHUAN URBA 7.15 04/18/21 CNY 25.40
NANTONG CITY GANGZHA DI 3.80 09/06/21 CNY 39.68
NANTONG CITY GANGZHA DI 3.80 09/06/21 CNY 39.78
NANTONG CITY TONGZHOU D 3.75 07/07/23 CNY 59.51
NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 40.36
NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 41.52
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 40.00
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 40.50
NANYANG HIGH-TECH DISTR 6.45 04/29/23 CNY 60.26
NANYANG HIGH-TECH DISTR 6.45 04/29/23 CNY 61.08
NEIJIANG CITY XINGYUAN 4.28 08/16/23 CNY 57.85
NEIJIANG CITY XINGYUAN 4.28 08/16/23 CNY 58.03
NEIJIANG INVESTMENT HOL 7.99 04/24/21 CNY 20.18
NEIJIANG INVESTMENT HOL 7.99 04/24/21 CNY 28.53
NEIJIANG STATE-OWNED AS 6.20 04/12/23 CNY 59.33
NEIJIANG STATE-OWNED AS 6.20 04/12/23 CNY 59.41
NEIJINAG CONSTRUCTION E 5.03 12/25/22 CNY 56.36
NEIJINAG CONSTRUCTION E 5.03 12/25/22 CNY 59.86
NEOGLORY HOLDING GROUP 8.00 10/22/20 CNY 56.00
NEOGLORY HOLDING GROUP 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROUP 8.10 11/23/18 CNY 72.00
NINGBO CITY HAISHU GUAN 7.75 03/06/21 CNY 20.13
NINGBO CITY HAISHU GUAN 7.75 03/06/21 CNY 26.30
NINGBO CITY ZHENHAI INV 5.85 12/04/21 CNY 20.24
NINGBO CITY ZHENHAI INV 5.85 12/04/21 CNY 20.30
NINGBO ECONOMIC & TECHN 7.09 04/21/21 CNY 20.18
NINGBO ECONOMIC & TECHN 7.09 04/21/21 CNY 29.00
NINGBO MEISHAN ISLAND D 6.27 03/23/22 CNY 40.38
NINGBO MEISHAN ISLAND D 6.27 03/23/22 CNY 48.29
NINGGUO CITY STATE OWNE 8.70 04/28/21 CNY 20.20
NINGHAI CITY INVESTMENT 7.99 04/16/21 CNY 20.19
NINGHAI CITY INVESTMENT 7.99 04/16/21 CNY 20.70
NINGHAI CITY INVESTMENT 8.00 01/02/21 CNY 20.02
NINGHAI CITY INVESTMENT 8.00 01/02/21 CNY 25.00
NINGXIANG CITY CONSTRUC 6.70 01/20/22 CNY 40.20
NINGXIANG CITY CONSTRUC 6.70 01/20/22 CNY 40.58
NINGXIANG ECONOMIC TECH 3.87 01/27/23 CNY 59.50
NINGXIANG ECONOMIC TECH 3.87 01/27/23 CNY 59.58
NINGXIANG ECONOMIC TECH 8.20 04/16/21 CNY 20.20
NINGXIANG STATE-OWNED A 3.88 11/02/23 CNY 58.46
NINGXIANG STATE-OWNED A 3.88 11/02/23 CNY 59.38
NINGXIANG STATE-OWNED A 4.89 06/03/23 CNY 59.10
NINGXIANG STATE-OWNED A 4.89 06/03/23 CNY 59.58
ONE BELT ONE ROAD JIANG 4.70 07/15/23 CNY 59.78
ONE BELT ONE ROAD JIANG 4.70 07/15/23 CNY 59.93
PANJIN CITY SHUANGTAIZI 7.25 01/22/22 CNY 40.02
PANJIN CITY SHUANGTAIZI 7.25 01/22/22 CNY 40.76
PANJIN WATER GROUP CO L 5.18 10/28/23 CNY 57.01
PANJIN WATER GROUP CO L 5.18 10/28/23 CNY 59.28
PANSHAN COUNTY STATE-OW 7.48 01/21/22 CNY 40.34
PANSHAN COUNTY STATE-OW 7.48 01/21/22 CNY 40.35
PANZHIHUA STATE OWNED A 8.18 03/13/22 CNY 40.00
PANZHIHUA STATE OWNED A 8.18 03/13/22 CNY 40.89
PANZHIHUA STATE OWNED A 7.60 03/05/21 CNY 20.07
PANZHIHUA STATE OWNED A 7.60 03/05/21 CNY 20.32
PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 40.00
PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 40.12
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
PENGZHOU STATE-PENGZHOU 3.95 10/20/23 CNY 56.57
PENGZHOU STATE-PENGZHOU 3.95 10/20/23 CNY 57.97
PINGDINGSHAN TIANAN COA 5.07 04/17/23 CNY 74.09
PINGHU CITY INVESTMENT 5.13 04/29/23 CNY 60.36
PINGHU CITY INVESTMENT 5.13 04/29/23 CNY 60.39
PINGHU ECONOMIC DEVELOP 7.99 04/17/21 CNY 20.13
PINGLIANG CULTURAL & TO 6.85 11/30/22 CNY 36.00
PINGLIANG CULTURAL & TO 6.85 11/30/22 CNY 40.52
PINGTAN COMPREHENSIVE P 3.92 01/29/23 CNY 59.86
PINGTAN COMPREHENSIVE P 3.92 01/29/23 CNY 59.90
PINGXIANG CHANGXING INV 5.26 04/11/23 CNY 59.47
PINGXIANG CHANGXING INV 5.26 04/11/23 CNY 59.79
PINGXIANG HUIFENG INVES 6.60 01/26/22 CNY 39.98
PINGXIANG HUIFENG INVES 6.60 01/26/22 CNY 40.54
PINGYANG STATE-OWNED AS 4.97 01/08/23 CNY 59.98
PINGYANG STATE-OWNED AS 4.97 01/08/23 CNY 60.00
PIZHOU CITY HENGRUN INV 6.46 12/05/21 CNY 20.19
PIZHOU CITY HENGRUN INV 6.46 12/05/21 CNY 22.46
PIZHOU ECONOMIC DEVELOP 5.00 10/29/22 CNY 39.31
PIZHOU ECONOMIC DEVELOP 5.00 10/29/22 CNY 40.00
PIZHOU RUNCAI ASSET MAN 5.90 12/18/20 CNY 50.00
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 49.55
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 49.66
QIANAN URBAN CONSTRUCTI 7.19 08/11/21 CNY 20.00
QIANAN URBAN CONSTRUCTI 7.19 08/11/21 CNY 20.18
QIANAN URBAN CONSTRUCTI 8.88 01/23/21 CNY 20.00
QIANAN URBAN CONSTRUCTI 8.88 01/23/21 CNY 20.07
QIANAN XINGYUAN WATER I 6.25 04/22/22 CNY 40.32
QIANAN XINGYUAN WATER I 6.25 04/22/22 CNY 46.90
QIANDONGNAN TRANSPORTAT 5.79 12/21/22 CNY 57.20
QIANDONGNAN TRANSPORTAT 5.79 12/21/22 CNY 57.48
QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 64.79
QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 65.38
QIANJIANG URBAN CONSTRU 5.19 12/21/22 CNY 60.00
QIANJIANG URBAN CONSTRU 5.19 12/21/22 CNY 60.08
QIANJIANG URBAN CONSTRU 8.38 04/22/21 CNY 20.17
QIANJIANG URBAN CONSTRU 8.38 04/22/21 CNY 20.35
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 38.90
QIANXINAN AUTONOMOUS RE 5.90 06/22/23 CNY 59.60
QIANXINAN AUTONOMOUS RE 5.90 06/22/23 CNY 59.73
QICHUN COUNTY CONSTRUCT 4.96 10/18/23 CNY 57.47
QICHUN COUNTY CONSTRUCT 4.96 10/18/23 CNY 57.78
QIDONG COMMUNICATIONS I 4.00 03/18/23 CNY 59.61
QIDONG COMMUNICATIONS I 4.00 03/18/23 CNY 60.00
QIDONG STATE-OWNED ASSE 4.00 03/09/23 CNY 59.30
QIDONG STATE-OWNED ASSE 4.00 03/09/23 CNY 59.92
QIDONG STATE-OWNED ASSE 7.30 11/20/22 CNY 31.00
QIDONG STATE-OWNED ASSE 7.30 11/20/22 CNY 31.32
QIDONG URBAN CONSTRUCTI 7.90 04/28/21 CNY 20.17
QIDONG URBAN CONSTRUCTI 8.20 04/04/21 CNY 20.27
QIHE CITY OPERATION CON 5.10 03/07/23 CNY 59.43
QIHE CITY OPERATION CON 5.10 03/07/23 CNY 59.82
QINGDAO CHANGYANG INVES 3.73 09/12/23 CNY 58.89
QINGDAO CHANGYANG INVES 3.73 09/12/23 CNY 59.27
QINGDAO CONSON DEVELOPM 6.40 12/12/22 CNY 46.11
QINGDAO HICREAT DEVELOP 6.88 04/25/21 CNY 20.12
QINGDAO HICREAT DEVELOP 6.88 04/25/21 CNY 21.13
QINGDAO JIAOZHOU BAY DE 6.33 09/18/21 CNY 20.28
QINGDAO JIAOZHOU BAY DE 6.33 09/18/21 CNY 21.30
QINGDAO JIMO CITY TOURI 5.47 11/17/21 CNY 20.25
QINGDAO JIMO CITY TOURI 5.47 11/17/21 CNY 21.00
QINGDAO LAIXI CITY ASSE 7.50 03/06/21 CNY 20.11
QINGDAO LAIXI CITY ASSE 7.50 03/06/21 CNY 28.79
QINGDAO OCEAN INVESTMEN 4.36 05/12/23 CNY 59.39
QINGDAO OCEAN INVESTMEN 4.36 05/12/23 CNY 59.99
QINGDAO WEST COAST DEVE 4.26 06/06/23 CNY 59.64
QINGDAO WEST COAST DEVE 4.26 06/06/23 CNY 59.93
QINGHAI PROVINCIAL INVE 6.40 07/10/21 USD 35.76
QINGHAI PROVINCIAL INVE 7.88 03/22/21 USD 34.49
QINGHAI STATE-OWNED ASS 6.70 10/10/29 CNY 33.50
QINGHAI STATE-OWNED ASS 7.20 11/25/28 CNY 33.50
QINGHAI STATE-OWNED ASS 6.38 08/14/28 CNY 33.50
QINGHAI STATE-OWNED ASS 5.40 05/21/23 CNY 11.30
QINGHAI STATE-OWNED ASS 5.90 12/17/22 CNY 33.55
QINGYANG CITY ECONOMIC 7.98 04/16/21 CNY 20.12
QINGYANG CITY ECONOMIC 7.98 04/16/21 CNY 20.13
QINGYUAN TRANSPORTATION 8.20 12/19/20 CNY 20.00
QINGYUAN TRANSPORTATION 8.20 12/19/20 CNY 20.00
QINGZHOU HONGYUAN PUBLI 7.59 05/29/21 CNY 20.13
QINHUANGDAO CITY DEVELO 4.69 04/14/23 CNY 59.09
QINHUANGDAO CITY DEVELO 4.69 04/14/23 CNY 60.12
QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 57.63
QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 58.27
QINHUANGDAO DEVELOPMENT 8.45 04/18/21 CNY 20.23
QINHUANGDAO DEVELOPMENT 8.45 04/18/21 CNY 21.28
QINHUANGDAO DEVELOPMENT 8.00 12/17/20 CNY 19.99
QINHUANGDAO DEVELOPMENT 8.00 12/17/20 CNY 20.00
QINZHOU BINHAI NEW CITY 6.99 07/07/21 CNY 20.00
QINZHOU BINHAI NEW CITY 6.99 07/07/21 CNY 20.03
QIONGLAI CITY CONSTRUCT 6.98 03/25/22 CNY 40.29
QIONGLAI CITY CONSTRUCT 6.98 03/25/22 CNY 40.80
QUANJIAO URBAN INFRASTR 5.10 05/18/23 CNY 59.96
QUANJIAO URBAN INFRASTR 5.10 05/18/23 CNY 59.97
QUJING CITY QILIN DISTR 5.37 11/26/22 CNY 39.59
QUJING CITY QILIN DISTR 5.37 11/26/22 CNY 41.95
QUJING DEVELOPMENT INVE 7.48 04/28/21 CNY 20.10
QUJING DEVELOPMENT INVE 7.48 04/28/21 CNY 22.55
QUJING ECO TECH DEVELOP 5.75 06/01/23 CNY 59.31
QUJING ECO TECH DEVELOP 5.75 06/01/23 CNY 59.88
QUJING ECO TECH DEVELOP 7.48 07/21/21 CNY 20.23
QUZHOU STATE OWNED ASSE 7.20 04/21/21 CNY 20.24
QUZHOU STATE OWNED ASSE 7.20 04/21/21 CNY 23.42
RENHUAI CITY DEVELOPMEN 5.12 04/14/23 CNY 58.41
RENHUAI CITY DEVELOPMEN 5.12 04/14/23 CNY 58.44
RENHUAI CITY DEVELOPMEN 8.09 05/16/21 CNY 20.29
RENHUAI CITY DEVELOPMEN 8.09 05/16/21 CNY 20.30
RENQIU CONSTRUCTION INV 5.68 11/18/22 CNY 40.66
RENQIU CONSTRUCTION INV 5.68 11/18/22 CNY 41.09
RENSHOU DEVELOPMENT OF 6.42 12/22/22 CNY 60.00
RENSHOU DEVELOPMENT OF 6.42 12/22/22 CNY 60.40
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 39.50
RIZHAO CITY CONSTRUCTIO 3.98 12/07/22 CNY 39.54
RUDONG COUNTY DONGTAI S 6.99 06/20/21 CNY 20.20
RUDONG COUNTY DONGTAI S 6.99 06/20/21 CNY 25.90
RUDONG COUNTY JINXIN TR 3.80 07/26/23 CNY 59.27
RUDONG COUNTY JINXIN TR 3.80 07/26/23 CNY 59.47
RUDONG COUNTY JINXIN TR 4.57 07/26/23 CNY 59.55
RUDONG COUNTY JINXIN TR 4.57 07/26/23 CNY 59.79
RUDONG COUNTY JINXIN TR 8.08 03/03/21 CNY 20.11
RUDONG COUNTY JINXIN TR 8.08 03/03/21 CNY 24.03
RUDONG COUNTY KAITAI CI 4.57 01/08/23 CNY 60.02
RUDONG NEW WORLD INVEST 4.37 07/18/23 CNY 59.28
RUDONG NEW WORLD INVEST 4.37 07/18/23 CNY 59.64
RUGAO COMMUNICATIONS CO 3.74 03/23/23 CNY 59.10
RUGAO COMMUNICATIONS CO 3.74 03/23/23 CNY 59.53
RUGAO ECONOMIC & TRADE 3.95 03/24/23 CNY 59.59
RUGAO ECONOMIC & TRADE 3.95 03/24/23 CNY 59.76
RUGAO ECONOMIC & TRADE 8.30 01/22/21 CNY 20.07
RUGAO ECONOMIC & TRADE 8.30 01/22/21 CNY 29.00
RUGAO YANJIANG DEVELOPM 8.60 01/24/21 CNY 20.05
RUGAO YANJIANG DEVELOPM 8.60 01/24/21 CNY 20.09
RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 59.63
RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 59.89
RUICHANG CITY INVESTMEN 5.50 06/17/23 CNY 59.42
RUICHANG CITY INVESTMEN 5.50 06/17/23 CNY 60.73
RUICHANG CITY INVESTMEN 5.68 03/25/23 CNY 59.88
RUICHANG CITY INVESTMEN 5.68 03/25/23 CNY 60.74
RUIJIN URBAN DEVELOPMEN 4.13 09/06/23 CNY 58.36
RUIJIN URBAN DEVELOPMEN 4.13 09/06/23 CNY 58.57
RUZHOU CITY XINYUAN INV 4.43 09/26/23 CNY 56.01
RUZHOU CITY XINYUAN INV 4.43 09/26/23 CNY 56.13
RUZHOU CITY XINYUAN INV 6.30 09/16/21 CNY 24.99
SANMEN COUNTY STATE-OWN 6.80 03/18/22 CNY 40.00
SANMEN COUNTY STATE-OWN 6.80 03/18/22 CNY 40.75
SANMEN COUNTY STATE-OWN 6.85 10/29/21 CNY 20.00
SANMEN COUNTY STATE-OWN 6.85 10/29/21 CNY 20.35
SANMING TRANSPORTATION 3.68 03/29/23 CNY 59.50
SANMING TRANSPORTATION 3.68 03/29/23 CNY 59.52
SHAANXI ANKANG HIGH TEC 8.78 09/17/21 CNY 20.62
SHAANXI ANKANG HIGH TEC 8.78 09/17/21 CNY 27.00
SHAANXI XIXIAN NEW AREA 6.85 08/15/21 CNY 20.21
SHAANXI XIXIAN NEW AREA 6.89 01/05/22 CNY 40.35
SHAANXI XIXIAN NEW AREA 6.89 01/05/22 CNY 43.10
SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 39.81
SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 41.01
SHANDONG BORUN INDUSTRI 6.50 11/02/21 CNY 32.93
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 40.69
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 41.95
SHANDONG CENTURY SUNSHI 8.19 07/21/21 CNY 20.43
SHANDONG CENTURY SUNSHI 8.19 07/21/21 CNY 20.43
SHANDONG FUYU CHEMICAL 7.70 09/18/22 CNY 70.00
SHANDONG GAOCHUANG CONS 6.05 06/18/22 CNY 40.62
SHANDONG GAOCHUANG CONS 6.05 06/18/22 CNY 42.45
SHANDONG HONGHE HOLDING 8.50 06/23/21 CNY 20.40
SHANDONG HONGHE HOLDING 8.50 06/23/21 CNY 24.00
SHANDONG JINMAO TEXTILE 6.97 04/01/21 CNY 20.70
SHANDONG RUYI TECHNOLOG 7.90 09/18/23 CNY 52.10
SHANDONG SNTON GROUP CO 5.18 09/08/21 CNY 8.52
SHANDONG SNTON GROUP CO 6.20 05/30/21 CNY 9.50
SHANDONG TAIYANG INDUST 5.97 03/02/21 CNY 42.72
SHANDONG TENGJIAN INVES 6.00 06/08/22 CNY 40.00
SHANDONG TENGJIAN INVES 6.00 06/08/22 CNY 40.07
SHANDONG WANTONG PETROL 7.97 11/29/21 CNY 0.20
SHANGHAI CAOHEJING HI-T 7.24 04/09/21 CNY 20.17
SHANGHAI CAOHEJING HI-T 7.24 04/09/21 CNY 20.17
SHANGHAI JIADING ROAD C 6.80 04/23/21 CNY 20.20
SHANGHAI JIADING ROAD C 6.80 04/23/21 CNY 20.75
SHANGHAI LAKE DIANSHAN 5.95 01/30/21 CNY 25.04
SHANGHAI LAKE DIANSHAN 5.95 01/30/21 CNY 25.75
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 40.64
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 40.79
SHANGHAI MUNICIPAL INVE 4.80 11/05/24 CNY 60.80
SHANGHAI MUNICIPAL INVE 4.80 11/05/24 CNY 61.30
SHANGHAI NANHUI URBAN C 6.04 08/20/21 CNY 20.27
SHANGHAI PUTAILAI NEW E 5.50 03/19/21 CNY 66.67
SHANGHAI URBAN CONSTRUC 3.50 01/06/23 CNY 59.80
SHANGHAI URBAN CONSTRUC 3.50 01/06/23 CNY 59.90
SHANGRAO CITY STATE-OWN 4.65 01/29/23 CNY 60.01
SHANGRAO CITY STATE-OWN 4.65 01/29/23 CNY 60.24
SHANTOU CITY CONSTRUCTI 8.57 03/23/22 CNY 30.90
SHANTOU CITY CONSTRUCTI 8.57 03/23/22 CNY 31.01
SHANTOU INVESTMENT HOLD 7.99 03/04/24 CNY 64.33
SHANXI INTERNATIONAL EL 5.88 05/24/22 CNY 62.60
SHANXI XIANG KUANG GROU 8.80 02/11/22 CNY 54.50
SHANXI XIANG KUANG GROU 8.80 02/11/22 CNY 68.88
SHAOGUAN URBAN INVESTME 3.67 10/25/24 CNY 68.30
SHAOGUAN URBAN INVESTME 3.67 10/25/24 CNY 68.45
SHAOWU URBAN CONSTRUCTI 5.88 09/11/22 CNY 40.23
SHAOWU URBAN CONSTRUCTI 5.88 09/11/22 CNY 43.39
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 40.41
SHAOXING CITY INVESTMEN 5.75 04/17/22 CNY 40.68
SHAOXING CITY INVESTMEN 5.75 04/17/22 CNY 48.00
SHAOXING CITY KEQIAO DI 6.40 08/20/21 CNY 20.08
SHAOXING JINGHU NEW DIS 6.13 04/30/22 CNY 40.56
SHAOXING KEQIAO CITY CO 3.64 09/19/23 CNY 58.73
SHAOXING KEQIAO CITY CO 3.64 09/19/23 CNY 58.85
SHAOXING KEQIAO ECONOMI 7.00 12/10/21 CNY 20.00
SHAOXING KEQIAO ECONOMI 7.00 12/10/21 CNY 20.47
SHAOXING KEYAN CONSTRUC 6.28 03/24/22 CNY 40.00
SHAOXING KEYAN CONSTRUC 6.28 03/24/22 CNY 40.68
SHAOXING PAOJIANG INDUS 6.98 05/29/21 CNY 20.08
SHAOXING PAOJIANG INDUS 6.98 05/29/21 CNY 23.90
SHAOXING SHANGYU ECONOM 4.76 04/11/23 CNY 59.96
SHAOXING SHANGYU ECONOM 4.76 04/11/23 CNY 60.31
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 20.34
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 21.15
SHAOYANG CITY CONSTRUCT 8.58 01/17/21 CNY 20.10
SHAOYANG CITY CONSTRUCT 8.58 01/17/21 CNY 20.17
SHAOYANG DULIANG INVEST 5.50 04/13/23 CNY 58.65
SHAOYANG DULIANG INVEST 5.50 04/13/23 CNY 59.68
SHENGZHOU INVESTMENT HO 7.60 07/17/21 CNY 20.40
SHENGZHOU INVESTMENT HO 7.60 07/17/21 CNY 20.59
SHENMU CITY STATE-OWNED 7.28 06/23/21 CNY 20.27
SHENMU CITY STATE-OWNED 7.28 06/23/21 CNY 20.60
SHENYANG DADONG STATE-O 6.05 03/20/22 CNY 40.00
SHENYANG DADONG STATE-O 6.05 03/20/22 CNY 40.24
SHENYANG ECONOMIC AFFOR 7.17 04/29/22 CNY 37.50
SHENYANG ECONOMIC AFFOR 7.17 04/29/22 CNY 39.63
SHENYANG TIEXI STATE-OW 6.00 01/14/22 CNY 40.13
SHENYANG TIEXI STATE-OW 6.00 01/14/22 CNY 47.50
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 64.34
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 46.81
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 62.50
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 62.97
SHIJIAZHUANG STATE-OWNE 5.75 04/09/22 CNY 40.51
SHIJIAZHUANG STATE-OWNE 5.75 04/09/22 CNY 47.20
SHIJIAZHUANG URBAN CONS 6.55 03/09/21 CNY 40.26
SHISHI CITY CONSTRUCTIO 6.10 05/04/22 CNY 40.59
SHIYAN ECO DEVELOPMENT 3.98 08/05/23 CNY 58.89
SHIYAN ECO DEVELOPMENT 3.98 08/05/23 CNY 59.03
SHIYAN STATE-OWNED CAPI 6.58 08/20/21 CNY 20.00
SHIYAN STATE-OWNED CAPI 6.58 08/20/21 CNY 20.32
SHIZHU TUJIA HONGSHENG 7.00 11/13/24 CNY 64.00
SHUCHENG COUNTY URBAN C 5.50 04/29/23 CNY 60.71
SHUCHENG COUNTY URBAN C 5.50 04/29/23 CNY 60.71
SHUYANG JINGYUAN ASSET 5.49 09/11/22 CNY 40.46
SHUYANG JINGYUAN ASSET 5.49 09/11/22 CNY 46.00
SHUYANG JINGYUAN ASSET 7.39 04/14/21 CNY 20.00
SHUYANG JINGYUAN ASSET 7.39 04/14/21 CNY 20.16
SICHUAN COAL GASIFICATI 7.00 12/14/23 CNY 61.35
SICHUAN COAL GASIFICATI 7.00 04/18/23 CNY 59.15
SICHUAN COAL INDUSTRY G 7.70 01/09/18 CNY 45.00
SICHUAN LANGZHONG FAMOU 5.60 04/19/23 CNY 59.33
SICHUAN LANGZHONG FAMOU 5.60 04/19/23 CNY 59.76
SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 60.16
SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 60.40
SICHUAN NAXING INDUSTRI 4.68 03/31/23 CNY 58.92
SICHUAN NAXING INDUSTRI 4.68 03/31/23 CNY 59.55
SICHUAN NAXING INDUSTRI 6.80 08/18/22 CNY 50.14
SICHUAN NAXING INDUSTRI 6.80 08/18/22 CNY 50.51
SICHUAN NAXING INDUSTRI 7.17 09/11/21 CNY 20.06
SICHUAN NAXING INDUSTRI 7.17 09/11/21 CNY 20.44
SICHUAN TIANYIN INDUSTR 6.79 03/25/22 CNY 40.47
SICHUAN TIANYIN INDUSTR 6.79 03/25/22 CNY 48.00
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 40.00
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 40.25
SIHUI STATE OWNED ASSET 4.59 01/14/23 CNY 58.98
SIHUI STATE OWNED ASSET 4.59 01/14/23 CNY 59.73
SIYANG COUNTY MINKANG R 4.94 01/21/23 CNY 60.53
SIYANG COUNTY MINKANG R 4.94 01/21/23 CNY 60.56
SLENDER WEST LAKE TOURI 6.80 06/25/21 CNY 20.00
SLENDER WEST LAKE TOURI 6.80 06/25/21 CNY 20.31
SONGYUAN URBAN DEVELOPM 5.79 12/04/21 CNY 19.85
SONGYUAN URBAN DEVELOPM 5.79 12/04/21 CNY 20.78
SUINING CITY HEDONG DEV 8.36 04/17/21 CNY 20.15
SUINING CITY HEDONG DEV 8.36 04/17/21 CNY 27.82
SUINING COUNTY RUNQI IN 5.42 11/20/22 CNY 40.00
SUINING COUNTY RUNQI IN 5.42 11/20/22 CNY 40.01
SUINING COUNTY RUNQI IN 7.10 06/25/21 CNY 20.13
SUINING COUNTY RUNQI IN 7.10 06/25/21 CNY 20.25
SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 57.69
SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 59.00
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 39.56
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 44.18
SUINING KAIDA INVESTMEN 4.89 04/08/23 CNY 57.82
SUINING KAIDA INVESTMEN 4.89 04/08/23 CNY 57.82
SUINING KAIDA INVESTMEN 8.69 04/21/21 CNY 20.00
SUINING KAIDA INVESTMEN 8.69 04/21/21 CNY 20.24
SUIZHOU DEVELOPMENT INV 8.40 04/30/21 CNY 20.21
SUIZHOU DEVELOPMENT INV 8.50 12/20/20 CNY 20.04
SUIZHOU DEVELOPMENT INV 8.50 12/20/20 CNY 21.83
SUIZHOU HIGH-TECH INDUS 4.47 03/25/23 CNY 58.94
SUIZHOU HIGH-TECH INDUS 4.47 03/25/23 CNY 58.95
SUIZHOU URBAN CONSTRUCT 7.18 09/02/21 CNY 20.34
SUIZHOU URBAN CONSTRUCT 7.18 09/02/21 CNY 21.20
SUIZHOU YULONG WATER SU 6.10 03/28/23 CNY 59.96
SUZHOU CITY CONSTRUCTIO 3.89 03/24/23 CNY 59.83
SUZHOU CITY CONSTRUCTIO 3.89 03/24/23 CNY 59.84
SUZHOU CITY HENGCHENG C 4.40 03/01/23 CNY 59.73
SUZHOU CITY HENGCHENG C 4.40 03/01/23 CNY 59.89
SUZHOU FENHU INVESTMENT 7.49 02/28/21 CNY 20.08
SUZHOU NEW & HIGH-TECH 4.18 03/23/23 CNY 59.45
SUZHOU NEW & HIGH-TECH 4.18 03/23/23 CNY 59.65
SUZHOU SND GROUP CO LTD 6.20 07/22/21 CNY 20.17
SUZHOU SND GROUP CO LTD 6.20 07/22/21 CNY 20.45
SUZHOU WUJIANG DISTRICT 5.25 07/08/22 CNY 40.50
SUZHOU WUJIANG DISTRICT 5.25 07/08/22 CNY 40.57
SUZHOU XIANGCHENG URBAN 6.95 03/19/21 CNY 20.14
SUZHOU XIANGCHENG URBAN 6.95 03/19/21 CNY 22.60
TAIAN TAISHAN HOLDINGS 5.50 04/26/23 CNY 59.67
TAIAN TAISHAN HOLDINGS 5.50 04/26/23 CNY 60.15
TAIANTANG GROUP CO LTD 8.00 01/28/21 CNY 71.00
TAICANG ASSETS MANAGEME 7.00 02/27/21 CNY 20.07
TAICANG ASSETS MANAGEME 7.00 02/27/21 CNY 20.20
TAICANG SCIENCE EDUCATI 5.54 08/28/22 CNY 40.40
TAICANG SCIENCE EDUCATI 5.54 08/28/22 CNY 44.65
TAIXING CITY HONGQIAO Y 5.03 10/29/22 CNY 39.63
TAIXING CITY HONGQIAO Y 5.03 10/29/22 CNY 43.87
TAIYUAN ECONOMIC TECHNO 7.43 04/24/21 CNY 20.00
TAIYUAN ECONOMIC TECHNO 7.43 04/24/21 CNY 20.15
TAIYUAN STATE-OWNED INV 7.20 03/19/21 CNY 20.18
TAIYUAN STATE-OWNED INV 7.20 03/19/21 CNY 26.50
TAIZHOU CITY CONSTRUCTI 6.92 10/16/23 CNY 47.03
TAIZHOU CITY CONSTRUCTI 6.92 10/16/23 CNY 47.10
TAIZHOU HAILING CITY DE 4.60 12/14/22 CNY 39.00
TAIZHOU HAILING CITY DE 4.60 12/14/22 CNY 39.80
TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 40.75
TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 44.00
TAIZHOU JINDONG URBAN C 5.10 06/02/23 CNY 59.63
TAIZHOU JINDONG URBAN C 5.10 06/02/23 CNY 59.66
TAIZHOU XINBINJIANG DEV 7.60 03/05/21 CNY 20.13
TAIZHOU XINBINJIANG DEV 7.60 03/05/21 CNY 21.00
TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 59.59
TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 59.71
TIANCHANG CITY CONSTRUC 4.99 12/05/23 CNY 55.51
TIANCHANG CITY CONSTRUC 4.99 12/05/23 CNY 59.09
TIANJIN BEICHEN DISTRIC 7.00 04/21/21 CNY 19.97
TIANJIN BEICHEN DISTRIC 7.00 04/21/21 CNY 27.15
TIANJIN BEICHEN TECHNOL 6.87 08/20/21 CNY 19.84
TIANJIN BEICHEN TECHNOL 6.87 08/20/21 CNY 27.00
TIANJIN BINHAI NEW AREA 6.10 11/23/21 CNY 24.36
TIANJIN BOHAI STATE-OWN 3.82 04/18/23 CNY 59.01
TIANJIN DONGFANG CAIXIN 5.19 01/29/22 CNY 39.59
TIANJIN DONGFANG CAIXIN 5.19 01/29/22 CNY 39.83
TIANJIN DONGLI CITY INF 4.28 12/02/22 CNY 39.90
TIANJIN ECONOMIC TECHNO 6.50 12/03/22 CNY 30.44
TIANJIN ECONOMIC TECHNO 6.50 12/03/22 CNY 31.30
TIANJIN GUANGCHENG INVE 5.40 04/20/23 CNY 58.37
TIANJIN GUANGCHENG INVE 5.40 04/20/23 CNY 58.45
TIANJIN GUANGCHENG INVE 6.97 02/22/23 CNY 44.33
TIANJIN GUANGCHENG INVE 7.45 07/24/21 CNY 19.99
TIANJIN GUANGCHENG INVE 7.45 07/24/21 CNY 29.00
TIANJIN HARBOR CONSTRUC 6.29 10/21/21 CNY 39.68
TIANJIN HARBOR CONSTRUC 8.00 04/01/21 CNY 40.06
TIANJIN HARBOR CONSTRUC 8.80 01/24/21 CNY 40.06
TIANJIN HI-TECH INDUSTR 6.65 09/12/21 CNY 19.53
TIANJIN HI-TECH INDUSTR 6.65 09/12/21 CNY 19.98
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 40.23
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 41.70
TIANJIN HUANCHENG URBAN 7.20 03/21/21 CNY 20.09
TIANJIN HUANCHENG URBAN 7.20 03/21/21 CNY 20.35
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 45.69
TIANJIN JINNAN CITY CON 6.50 06/03/21 CNY 19.98
TIANJIN LINGANG INVESTM 7.75 02/26/21 CNY 20.04
TIANJIN LINGANG INVESTM 7.75 02/26/21 CNY 20.21
TIANJIN METRO GROUP CO 4.27 10/16/25 CNY 69.98
TIANJIN METRO GROUP CO 4.27 10/16/25 CNY 74.00
TIANJIN NINGHE DISTRICT 7.00 05/30/21 CNY 20.00
TIANJIN NINGHE DISTRICT 7.00 05/30/21 CNY 27.50
TIANJIN NINGHE INVESTME 5.50 04/22/23 CNY 59.29
TIANJIN NINGHE INVESTME 5.50 04/22/23 CNY 60.33
TIANJIN RAILWAY CONSTRU 5.58 04/13/25 CNY 71.92
TIANJIN RAILWAY CONSTRU 5.58 04/13/25 CNY 73.40
TIANJIN REAL ESTATE TRU 8.59 03/13/21 CNY 19.50
TIANJIN RESIDENTIAL CON 8.00 12/19/20 CNY 20.00
TIANJIN WATER INVESTMEN 6.60 07/28/21 CNY 19.59
TIANJIN WATER INVESTMEN 6.60 07/28/21 CNY 21.80
TIANJIN WATER INVESTMEN 8.40 01/15/21 CNY 25.02
TIANJIN WUQING STATE-OW 4.15 11/17/22 CNY 39.00
TIANJIN WUQING STATE-OW 4.15 11/17/22 CNY 39.88
TIANJIN WUQING STATE-OW 7.18 03/19/21 CNY 20.03
TIANJIN WUQING STATE-OW 8.00 12/17/20 CNY 20.00
TIANJIN WUQING STATE-OW 8.00 12/17/20 CNY 20.76
TIANMEN CITY CONSTRUCTI 3.98 11/15/23 CNY 58.00
TIANMEN CITY CONSTRUCTI 3.98 11/15/23 CNY 58.01
TIANMEN CITY CONSTRUCTI 8.20 08/28/21 CNY 20.47
TIANMEN CITY CONSTRUCTI 8.20 08/28/21 CNY 25.16
TONGLING CONSTRUCTION I 4.12 03/14/23 CNY 59.49
TONGLING CONSTRUCTION I 4.12 03/14/23 CNY 60.00
TONGLU STATE-OWNED ASSE 8.09 04/18/21 CNY 20.24
TONGLU STATE-OWNED ASSE 8.09 04/18/21 CNY 20.98
TSINGHUA HOLDINGS CORP 5.30 03/26/23 CNY 34.90
TSINGHUA HOLDINGS CORP 4.95 08/08/22 CNY 36.40
TSINGHUA HOLDINGS CORP 3.15 10/25/21 CNY 48.64
TSINGHUA HOLDINGS CORP 4.10 08/24/21 CNY 66.77
TSINGHUA UNIGROUP CO LT 5.11 01/25/24 CNY 13.00
TSINGHUA UNIGROUP CO LT 5.20 12/10/23 CNY 11.65
TSINGHUA UNIGROUP CO LT 6.00 08/14/22 CNY 45.75
TSINGHUA UNIGROUP CO LT 5.85 03/27/22 CNY 45.75
TSINGHUA UNIGROUP CO LT 4.94 03/25/22 CNY 16.55
TSINGHUA UNIGROUP CO LT 6.15 12/26/21 CNY 45.75
TSINGHUA UNIGROUP CO LT 6.20 03/16/21 CNY 45.75
TSINGHUA UNIGROUP CO LT 5.60 11/15/20 CNY 45.75
TULUFAN DISTRICT STATE- 6.20 03/19/22 CNY 40.31
TULUFAN DISTRICT STATE- 6.20 03/19/22 CNY 40.39
TUNGHSU GROUP CO LTD 6.55 03/13/22 CNY 45.00
ULANQAB CITY INVESTMENT 8.39 04/25/22 CNY 50.99
ULANQAB JINING DISTRICT 6.16 03/24/23 CNY 58.87
ULANQAB JINING DISTRICT 6.16 03/24/23 CNY 60.19
URUMQI ECO&TECH DEVELOP 6.40 04/13/22 CNY 40.00
URUMQI ECO&TECH DEVELOP 6.40 04/13/22 CNY 40.64
WAFANGDIAN COASTAL PROJ 3.98 02/01/23 CNY 58.70
WAFANGDIAN COASTAL PROJ 3.98 02/01/23 CNY 58.84
WANGCHENG ECONOMIC DEVE 3.75 07/13/23 CNY 59.72
WANGCHENG ECONOMIC DEVE 3.75 07/13/23 CNY 61.05
WANGCHENG ECONOMIC DEVE 6.57 01/22/22 CNY 40.48
WANGCHENG ECONOMIC DEVE 6.57 01/22/22 CNY 48.81
WEICHI HOLDING GROUP CO 5.40 12/21/20 CNY 60.00
WEIFANG BINHAI INVESTME 6.16 04/16/21 CNY 25.04
WEIHAI LANCHUANG CONSTR 4.80 12/17/22 CNY 59.39
WEIHAI LANCHUANG CONSTR 4.80 12/17/22 CNY 59.50
WEIHAI URBAN CONSTRUCTI 3.33 03/02/23 CNY 58.40
WEIHAI URBAN CONSTRUCTI 3.33 03/02/23 CNY 59.34
WEIHAI WENDENG DISTRICT 3.64 10/26/23 CNY 58.48
WEIHAI WENDENG DISTRICT 3.64 10/26/23 CNY 59.10
WEIHAI WENDENG URBAN PR 4.80 05/26/23 CNY 59.08
WEIHAI WENDENG URBAN PR 4.80 05/26/23 CNY 59.39
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 40.00
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 40.30
WENDENG GOLDEN BEACH IN 3.97 03/21/23 CNY 58.88
WENDENG GOLDEN BEACH IN 3.97 03/21/23 CNY 59.16
WENSHAN URBAN CONSTRUCT 4.50 09/13/23 CNY 58.66
WENSHAN URBAN CONSTRUCT 4.50 09/13/23 CNY 58.92
WENZHOU CITY CONSTRUCTI 5.00 04/26/23 CNY 60.73
WENZHOU CITY CONSTRUCTI 5.00 04/26/23 CNY 61.35
WENZHOU CITY CONSTRUCTI 4.05 01/25/23 CNY 59.84
WENZHOU CITY CONSTRUCTI 4.05 01/25/23 CNY 60.11
WENZHOU GANGCHENG DEVEL 5.19 03/29/23 CNY 60.05
WENZHOU GANGCHENG DEVEL 5.19 03/29/23 CNY 60.44
WENZHOU HIGH-TECH INDUS 7.30 05/30/21 CNY 20.17
WENZHOU HIGH-TECH INDUS 7.95 03/21/21 CNY 20.15
WENZHOU LUCHENG CITY DE 5.58 11/03/21 CNY 20.26
WENZHOU OUHAI NEW CITY 3.98 10/26/23 CNY 59.18
WENZHOU OUHAI NEW CITY 3.98 10/26/23 CNY 59.18
WINTIME ENERGY CO LTD 4.75 07/07/22 CNY 43.63
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 5.42
WUHAI CITY CONSTRUCTION 8.19 04/21/21 CNY 20.14
WUHAN CHEDU CORP LTD 7.18 02/27/21 CNY 20.13
WUHAN CHEDU CORP LTD 7.18 02/27/21 CNY 20.96
WUHAN CITY HUANPI DISTR 6.43 09/17/21 CNY 20.37
WUHAN CITY HUANPI DISTR 6.43 09/17/21 CNY 23.02
WUHAN JIANGXIA URBAN CO 4.80 06/03/23 CNY 60.03
WUHAN JIANGXIA URBAN CO 4.80 06/03/23 CNY 60.32
WUHAN JIANGXIA URBAN CO 8.99 01/20/21 CNY 20.09
WUHAN METRO GROUP CO LT 5.25 04/14/22 CNY 40.19
WUHAN QIAOKOU STATE OWN 3.48 08/29/23 CNY 58.90
WUHAN QIAOKOU STATE OWN 3.48 08/29/23 CNY 58.93
WUHU COMMUNICATIONS INV 3.58 09/23/23 CNY 59.01
WUHU COMMUNICATIONS INV 3.58 09/23/23 CNY 59.21
WUHU COMMUNICATIONS INV 4.50 04/28/23 CNY 59.56
WUHU COMMUNICATIONS INV 4.50 04/28/23 CNY 59.57
WUHU COUNTY CONSTRUCTIO 6.60 12/08/21 CNY 20.17
WUHU COUNTY CONSTRUCTIO 6.60 12/08/21 CNY 26.35
WUHU JINGHU CONSTRUCTIO 4.37 07/20/23 CNY 59.39
WUHU JINGHU CONSTRUCTIO 4.37 07/20/23 CNY 59.93
WUHU JIUJIANG CONSTRUCT 3.96 03/21/23 CNY 57.60
WUHU JIUJIANG CONSTRUCT 3.96 03/21/23 CNY 59.56
WUHU JIUJIANG CONSTRUCT 8.49 04/14/21 CNY 20.00
WUHU JIUJIANG CONSTRUCT 8.49 04/14/21 CNY 20.28
WUHU XINMA INVESTMENT C 4.87 11/04/22 CNY 39.50
WUHU XINMA INVESTMENT C 4.87 11/04/22 CNY 40.26
WUHU YIJU INVESTMENT GR 6.45 08/11/21 CNY 20.30
WUHU YIJU INVESTMENT GR 6.45 08/11/21 CNY 20.31
WUWEI CITY ECONOMY DEVE 8.20 04/24/21 CNY 20.10
WUWEI CITY ECONOMY DEVE 8.20 04/24/21 CNY 20.10
WUXI HUIKAI ECONOMIC DE 4.16 04/08/23 CNY 59.83
WUXI HUIKAI ECONOMIC DE 4.16 04/08/23 CNY 59.98
WUXI HUNING METRO HUISH 4.38 06/08/21 CNY 39.99
WUXI HUNING METRO HUISH 4.38 06/08/21 CNY 40.45
WUXI TAIHU NEW CITY DEV 3.47 08/29/23 CNY 59.15
WUXI TAIHU NEW CITY DEV 3.47 08/29/23 CNY 59.50
WUXI TAIHU NEW CITY DEV 4.49 05/03/23 CNY 60.00
WUXI TAIHU NEW CITY DEV 4.49 05/03/23 CNY 60.05
WUXI XIDONG NEW TOWN CO 3.92 11/09/23 CNY 59.31
WUXI XIDONG NEW TOWN CO 3.92 11/09/23 CNY 59.33
WUYANG CONSTRUCTION GRO 7.80 09/11/20 CNY 32.48
XIAMEN TORCH GROUP CO L 7.49 04/21/21 CNY 20.19
XIAMEN TORCH GROUP CO L 7.49 04/21/21 CNY 24.88
XIAN FENGDONG DEVELOPME 4.67 01/08/23 CNY 59.92
XIAN FENGDONG DEVELOPME 4.67 01/08/23 CNY 60.10
XI'AN INTERNATIONAL HOR 6.20 10/21/21 CNY 20.10
XI'AN INTERNATIONAL HOR 6.20 10/21/21 CNY 21.46
XI'AN INTERNATIONAL INL 7.90 09/23/21 CNY 22.28
XIANGSHUI GUANJIANG HOL 4.98 12/24/22 CNY 58.98
XIANGTAN CITY CONSTRUCT 7.60 04/02/22 CNY 61.50
XIANGTAN CITY CONSTRUCT 7.80 03/12/22 CNY 53.40
XIANGTAN CITY'S CONSTRU 3.60 08/04/23 CNY 54.60
XIANGTAN CITY'S CONSTRU 3.95 08/04/23 CNY 56.58
XIANGTAN CITY'S CONSTRU 3.95 08/04/23 CNY 57.81
XIANGTAN CITY'S CONSTRU 3.60 08/04/23 CNY 57.86
XIANGTAN HI-TECH GROUP 8.16 02/25/21 CNY 20.07
XIANGTAN HI-TECH GROUP 8.16 02/25/21 CNY 28.99
XIANGTAN JIUHUA ECONOMI 5.00 07/25/26 CNY 69.60
XIANGTAN JIUHUA ECONOMI 6.59 01/21/22 CNY 39.33
XIANGTAN LIANGXING SOCI 7.89 04/23/21 CNY 20.00
XIANGTAN LIANGXING SOCI 7.89 04/23/21 CNY 20.07
XIANGTAN PROPERTY OPERA 7.50 01/30/22 CNY 98.25
XIANGTAN WANLOU XINCHEN 6.90 01/14/22 CNY 35.49
XIANGTAN WANLOU XINCHEN 6.90 01/14/22 CNY 39.63
XIANGXIANG ECONOMIC DIS 5.28 09/09/23 CNY 56.96
XIANGXIANG ECONOMIC DIS 5.28 09/09/23 CNY 57.16
XIANGXIANG URBAN CONSTR 5.84 05/18/23 CNY 59.78
XIANGXIANG URBAN CONSTR 5.84 05/18/23 CNY 60.50
XIANGYANG CITY XIANGZHO 5.18 04/28/23 CNY 60.10
XIANGYANG CITY XIANGZHO 5.18 04/28/23 CNY 60.24
XIANGYANG HIGH TECH STA 7.00 05/29/21 CNY 20.14
XIANGYANG HIGH TECH STA 7.00 05/29/21 CNY 23.38
XIANGYANG STATE-OWNED C 4.62 01/25/23 CNY 59.61
XIANGYANG STATE-OWNED C 4.62 01/25/23 CNY 59.67
XIANNING HIGH-TECH INVE 6.29 02/10/22 CNY 40.39
XIANNING HIGH-TECH INVE 6.29 02/10/22 CNY 40.56
XIANTAO CITY CONSTRUCTI 4.59 04/18/23 CNY 59.58
XIANTAO CITY CONSTRUCTI 4.59 04/18/23 CNY 59.91
XIANTAO CITY CONSTRUCTI 8.15 02/24/21 CNY 20.00
XIANTAO CITY CONSTRUCTI 8.15 02/24/21 CNY 20.13
XIAOCHANG SHUNHE DEVELO 4.15 10/17/23 CNY 57.64
XIAOGAN GAOCHUANG INVES 6.87 09/22/21 CNY 20.23
XIAOGAN GAOCHUANG INVES 6.87 09/22/21 CNY 26.69
XIAOGAN GAOCHUANG INVES 7.43 06/23/21 CNY 20.07
XIAOGAN GAOCHUANG INVES 7.43 06/23/21 CNY 32.72
XIAOGAN URBAN CONSTRUCT 3.94 07/05/21 CNY 62.84
XIAOGAN URBAN CONSTRUCT 6.89 05/29/21 CNY 20.24
XIAOGAN URBAN CONSTRUCT 6.89 05/29/21 CNY 20.40
XIAOXIAN COUNTY DEVELOP 4.85 06/22/23 CNY 60.05
XIAOXIAN COUNTY DEVELOP 4.85 06/22/23 CNY 60.17
XINDONGGANG HOLDING GRO 5.53 04/27/23 CNY 59.53
XINDONGGANG HOLDING GRO 5.53 04/27/23 CNY 59.72
XINGAN COUNTY URBAN CON 5.48 08/03/23 CNY 57.91
XINGAN COUNTY URBAN CON 5.48 08/03/23 CNY 58.44
XINGAN LEAGUE URBAN DEV 6.18 12/21/22 CNY 42.30
XINGAN LEAGUE URBAN DEV 6.18 12/21/22 CNY 42.58
XINGHUA CITY ECONOMIC D 5.28 06/13/22 CNY 49.68
XINGHUA CITY ECONOMIC D 5.28 06/13/22 CNY 50.00
XINGYI XINHENG URBAN CO 5.40 12/16/22 CNY 58.40
XINGYI XINHENG URBAN CO 5.40 12/16/22 CNY 58.70
XINJIANG KAIDI INVESTME 7.80 04/22/21 CNY 20.06
XINJIANG KAIDI INVESTME 7.80 04/22/21 CNY 21.35
XINMI CAIYUAN CITY CONS 4.35 02/28/23 CNY 59.55
XINMI CAIYUAN CITY CONS 4.35 02/28/23 CNY 59.58
XINMIN CITY LUXIN MUNIC 6.41 07/29/21 CNY 13.55
XINMIN CITY LUXIN MUNIC 6.41 07/29/21 CNY 13.87
XINTAI CITY COORDINATIN 6.35 03/23/22 CNY 40.34
XINTAI CITY COORDINATIN 6.35 03/23/22 CNY 40.75
XINYANG HUAXIN INVESTME 7.55 04/15/21 CNY 20.21
XINYANG HUAXIN INVESTME 7.55 04/15/21 CNY 26.30
XINYI CITY INVESTMENT & 4.30 01/19/23 CNY 58.75
XINYI CITY INVESTMENT & 4.30 01/19/23 CNY 60.00
XINYI URBAN TRANSPORTAT 6.14 02/06/22 CNY 40.49
XINYI URBAN TRANSPORTAT 6.14 02/06/22 CNY 41.53
XINYU CHENGDONG CONSTRU 8.48 05/27/21 CNY 20.22
XINYU CITY SHANTYTOWN Z 6.50 11/13/22 CNY 71.50
XINYU CITY YUSHUI DISTR 7.70 06/24/22 CNY 40.99
XINYU CITY YUSHUI DISTR 7.70 06/24/22 CNY 41.39
XINZHENG NEW DISTRICT D 6.40 01/29/21 CNY 25.04
XINZHOU ASSET MANAGEMEN 7.90 02/21/21 CNY 20.08
XINZHOU ASSET MANAGEMEN 7.90 02/21/21 CNY 21.07
XINZHOU ASSET MANAGEMEN 8.50 12/18/20 CNY 20.00
XINZHOU ASSET MANAGEMEN 8.50 12/18/20 CNY 20.08
XIWANG GROUP CO LTD 7.80 12/03/22 CNY 49.94
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 20.39
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 26.00
XUANCHENG STATE-OWNED A 4.12 04/07/23 CNY 59.77
XUANCHENG STATE-OWNED A 4.12 04/07/23 CNY 59.87
XUANCHENG STATE-OWNED A 7.95 03/27/21 CNY 20.21
XUANCHENG STATE-OWNED A 7.95 03/27/21 CNY 26.00
XUZHOU BOCHANT DEVELOPM 5.69 07/28/21 CNY 32.82
XUZHOU CITY JIAWANG CON 4.00 03/23/23 CNY 59.55
XUZHOU CITY TONGSHAN DI 5.23 09/18/22 CNY 40.00
XUZHOU CITY TONGSHAN DI 5.23 09/18/22 CNY 40.25
XUZHOU ECONOMIC TECHNOL 7.35 04/21/21 CNY 20.22
XUZHOU HI-TECH INDUSTRI 3.78 11/11/23 CNY 58.90
XUZHOU HI-TECH INDUSTRI 3.78 11/11/23 CNY 58.99
XUZHOU HI-TECH INDUSTRI 7.86 04/22/21 CNY 20.25
XUZHOU HI-TECH INDUSTRI 7.86 04/22/21 CNY 31.50
XUZHOU TRANSPORTATION H 7.09 05/15/21 CNY 20.15
XUZHOU TRANSPORTATION H 7.09 05/15/21 CNY 20.20
XUZHOU XINSHENG INVESTM 5.13 08/12/22 CNY 40.47
XUZHOU XINSHENG INVESTM 5.13 08/12/22 CNY 44.46
YANCHENG DAFENG DISTRIC 8.70 01/24/21 CNY 20.09
YANCHENG DAFENG DISTRIC 8.70 01/24/21 CNY 20.97
YANCHENG DAFENG DISTRIC 8.50 12/30/20 CNY 20.03
YANCHENG DAFENG DISTRIC 8.50 12/30/20 CNY 20.60
YANCHENG HIGH-TECH ZONE 3.90 12/14/22 CNY 39.84
YANCHENG ORIENTAL INVES 6.48 09/15/21 CNY 20.05
YANCHENG ORIENTAL INVES 6.48 09/15/21 CNY 20.16
YANCHENG SOUTH DISTRICT 6.70 07/30/21 CNY 20.32
YANCHENG SOUTH DISTRICT 6.70 07/30/21 CNY 20.40
YANCHENG YANDU DISTRICT 3.67 03/17/23 CNY 59.44
YANCHENG YANDU DISTRICT 3.67 03/17/23 CNY 59.46
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 40.63
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 41.20
YANGZHONG TRANSPORTATIO 4.95 04/07/23 CNY 59.73
YANGZHONG TRANSPORTATIO 4.95 04/07/23 CNY 59.92
YANGZHONG TRANSPORTATIO 4.98 04/07/23 CNY 60.04
YANGZHONG TRANSPORTATIO 4.98 04/07/23 CNY 60.28
YANGZHOU CHEMICAL INDUS 8.58 01/24/21 CNY 20.05
YANGZHOU CHEMICAL INDUS 8.58 01/24/21 CNY 26.00
YANGZHOU ECONOMIC & TEC 7.40 03/05/21 CNY 40.00
YANGZHOU ECONOMIC & TEC 7.40 03/05/21 CNY 40.24
YANGZHOU GUANGLING NEW 3.62 09/07/23 CNY 57.93
YANGZHOU GUANGLING NEW 3.62 09/07/23 CNY 58.70
YANGZHOU HANJIANG CONST 5.88 06/15/22 CNY 40.66
YANGZHOU HANJIANG CONST 5.88 06/15/22 CNY 46.63
YI CHENG CONSTRUCTION I 5.44 04/27/23 CNY 59.89
YI ZHENG CITY DEVELOPME 4.63 01/08/23 CNY 59.83
YI ZHENG CITY DEVELOPME 4.63 01/08/23 CNY 60.00
YI ZHENG CITY DEVELOPME 8.60 01/09/21 CNY 20.03
YI ZHENG CITY DEVELOPME 8.60 01/09/21 CNY 29.30
YICHANG HIGH-TECH INVES 3.74 07/21/23 CNY 59.53
YICHANG HIGH-TECH INVES 3.74 07/21/23 CNY 59.54
YICHANG HIGH-TECH INVES 4.80 12/15/22 CNY 40.34
YICHANG HIGH-TECH INVES 4.80 12/15/22 CNY 60.00
YICHUN URBAN CONSTRUCTI 7.09 05/15/21 CNY 20.15
YICHUN URBAN CONSTRUCTI 7.09 05/15/21 CNY 23.47
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 40.50
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 LIFESTYLE TECHNOL 6.88 07/23/20 CNY 35.00
YIHUA LIFESTYLE TECHNOL 6.88 07/16/20 CNY 35.90
YILI KAZAKH AUTONOMOUS 7.68 02/28/21 CNY 20.10
YILI KAZAKH AUTONOMOUS 7.68 02/28/21 CNY 20.20
YINCHUAN URBAN CONSTRUC 6.88 05/12/21 CNY 20.00
YINCHUAN URBAN CONSTRUC 6.88 05/12/21 CNY 20.21
YINGKOU COASTAL DEVELOP 6.45 01/26/22 CNY 38.99
YINGKOU COASTAL DEVELOP 6.45 01/26/22 CNY 40.29
YINGKOU ECO & TECH DEVE 5.20 08/05/23 CNY 57.68
YINGKOU ECO & TECH DEVE 5.20 08/05/23 CNY 57.84
YINGKOU LAOBIAN CITY CO 4.98 03/11/23 CNY 58.58
YINGKOU LAOBIAN CITY CO 4.98 03/11/23 CNY 60.00
YINGKOU LAOBIAN CITY CO 5.63 12/16/22 CNY 59.96
YINGTAN LONGGANG ASSET 6.75 07/31/22 CNY 40.79
YINGTAN LONGGANG ASSET 6.75 07/31/22 CNY 41.18
YINGTAN STATE-OWNED ASS 7.50 12/12/22 CNY 31.02
YINGTAN STATE-OWNED ASS 7.50 12/12/22 CNY 31.02
YINGTAN STATE-OWNED ASS 3.63 08/12/21 CNY 39.77
YINING CITY STATE OWNED 5.37 09/24/22 CNY 39.00
YINING CITY STATE OWNED 5.37 09/24/22 CNY 39.11
YINING CITY STATE OWNED 8.90 01/23/21 CNY 19.92
YINING CITY STATE OWNED 8.90 01/23/21 CNY 20.05
YIWU CITY CONSTRUCTION 4.31 12/07/22 CNY 40.00
YIWU CITY CONSTRUCTION 4.31 12/07/22 CNY 40.40
YIWU URBAN & RURAL NEW 4.25 11/24/21 CNY 24.87
YIXING CITY CONSTRUCTIO 6.16 03/30/22 CNY 40.00
YIXING CITY CONSTRUCTIO 6.16 03/30/22 CNY 40.67
YIXING TUOYE INDUSTRIAL 7.60 05/28/21 CNY 20.19
YIXING TUOYE INDUSTRIAL 7.60 05/28/21 CNY 23.50
YIYANG ADVANCED INDUSTR 7.00 03/30/22 CNY 40.11
YIYANG ADVANCED INDUSTR 7.00 03/30/22 CNY 48.00
YIYANG PROVINCE AREA IN 5.16 11/23/23 CNY 56.12
YIYANG PROVINCE AREA IN 5.16 11/23/23 CNY 56.45
YIYANG PROVINCE AREA IN 4.95 10/13/23 CNY 56.42
YIYANG PROVINCE AREA IN 4.95 10/13/23 CNY 57.68
YIZHANG XINGYI CONSTRUC 5.49 09/02/24 CNY 67.24
YIZHANG XINGYI CONSTRUC 5.49 09/02/24 CNY 69.33
YONGCHENG COAL & ELECTR 6.25 01/20/23 CNY 43.20
YONGCHENG COAL & ELECTR 6.25 11/29/22 CNY 42.70
YONGCHENG COAL & ELECTR 7.50 02/02/21 CNY 40.40
YONGJIA INVESTMENT GROU 6.50 11/12/21 CNY 20.00
YONGJIA INVESTMENT GROU 6.50 11/12/21 CNY 20.31
YONGXING YINDU CONSTRUC 5.60 03/24/23 CNY 59.95
YONGXING YINDU CONSTRUC 5.60 03/24/23 CNY 60.31
YONGZHOU ECONOMIC CONST 3.55 01/14/23 CNY 59.34
YONGZHOU ECONOMIC CONST 3.55 01/14/23 CNY 60.50
YUANAN COUNTY QIFENG CI 5.50 05/27/23 CNY 60.17
YUANAN COUNTY QIFENG CI 5.50 05/27/23 CNY 60.29
YUEYANG CITY DONGTING N 6.15 03/20/22 CNY 40.05
YUEYANG CITY DONGTING N 6.15 03/20/22 CNY 40.08
YUEYANG HUILIN INVESTME 5.50 11/03/21 CNY 19.80
YUEYANG HUILIN INVESTME 5.50 11/03/21 CNY 20.07
YUEYANG YUNXI CITY CONS 5.18 11/21/23 CNY 57.16
YUEYANG YUNXI CITY CONS 6.00 07/08/23 CNY 59.52
YUEYANG YUNXI CITY CONS 6.00 07/08/23 CNY 60.08
YUHUAN CITY COMMUNICATI 6.18 03/20/22 CNY 40.40
YUHUAN CITY COMMUNICATI 6.18 03/20/22 CNY 44.47
YUHUAN CITY COMMUNICATI 5.65 11/03/21 CNY 20.21
YUHUAN CITY COMMUNICATI 5.65 11/03/21 CNY 20.22
YUHUAN CITY CONSTRUCTIO 3.72 10/21/23 CNY 58.51
YUHUAN CITY CONSTRUCTIO 3.72 10/21/23 CNY 59.09
YUHUAN CITY CONSTRUCTIO 5.10 05/03/23 CNY 59.98
YUHUAN CITY CONSTRUCTIO 5.10 05/03/23 CNY 60.43
YUNCHENG SHUIHU CITY CO 4.54 11/21/23 CNY 57.55
YUNCHENG SHUIHU CITY CO 4.54 11/21/23 CNY 58.58
YUNNAN HEALTH & CULTURA 6.77 05/23/21 CNY 19.75
YUNNAN HEALTH & CULTURA 6.77 05/23/21 CNY 19.80
YUYAO CITY CONSTRUCTION 7.09 05/19/21 CNY 20.29
YUZHOU GENERAL INVESTME 4.68 01/19/23 CNY 59.54
YUZHOU GENERAL INVESTME 4.68 01/19/23 CNY 60.00
ZAOYANG CITY CONSTRUCTI 5.50 03/22/23 CNY 59.93
ZAOYANG CITY CONSTRUCTI 5.50 03/22/23 CNY 60.26
ZHANGJIAGANG JINCHENG I 6.88 04/28/21 CNY 20.22
ZHANGJIAJIE ECONOMIC DE 7.80 04/17/21 CNY 20.12
ZHANGQIU STATE OWNED AS 3.69 08/09/23 CNY 59.16
ZHANGQIU STATE OWNED AS 3.69 08/09/23 CNY 59.19
ZHANGSHU STATE-OWNED AS 4.80 06/22/23 CNY 59.43
ZHANGSHU STATE-OWNED AS 4.80 06/22/23 CNY 62.67
ZHANGYE CITY INVESTMENT 6.92 09/22/21 CNY 20.28
ZHANGYE CITY INVESTMENT 6.92 09/22/21 CNY 20.90
ZHANGZHOU ECONOMIC DEVE 6.17 04/27/22 CNY 40.20
ZHANGZHOU ECONOMIC DEVE 6.17 04/27/22 CNY 40.52
ZHANGZHOU JIULONGJIANG 6.48 06/20/21 CNY 20.19
ZHANGZHOU JIULONGJIANG 6.48 06/20/21 CNY 20.30
ZHAOQING GAOYAO DISTRIC 6.68 04/14/22 CNY 40.00
ZHAOQING GAOYAO DISTRIC 6.68 04/14/22 CNY 40.64
ZHAOQING HI-TECH ZONE C 3.97 08/26/23 CNY 58.85
ZHAOQING HI-TECH ZONE C 3.97 08/26/23 CNY 59.01
ZHEJIANG BINHAI NEW CIT 4.65 12/23/22 CNY 59.50
ZHEJIANG BINHAI NEW CIT 4.65 12/23/22 CNY 60.25
ZHEJIANG CHANGXING JING 7.99 03/03/21 CNY 20.08
ZHEJIANG CHANGXING JING 7.99 03/03/21 CNY 30.00
ZHEJIANG GUOXING INVEST 6.94 08/01/21 CNY 20.29
ZHEJIANG GUOXING INVEST 6.94 08/01/21 CNY 28.50
ZHEJIANG HANGZHOU QINGS 7.90 04/23/21 CNY 20.25
ZHEJIANG HANGZHOU QINGS 7.90 04/23/21 CNY 24.00
ZHEJIANG HUISHENG INVES 4.49 03/15/24 CNY 69.71
ZHEJIANG HUISHENG INVES 4.49 03/15/24 CNY 70.00
ZHEJIANG OUHAI CONSTRUC 4.83 01/21/23 CNY 60.25
ZHEJIANG OUHAI CONSTRUC 6.45 04/23/22 CNY 40.59
ZHEJIANG PROVINCE XINCH 6.95 12/31/21 CNY 40.58
ZHEJIANG PROVINCE XINCH 6.95 12/31/21 CNY 41.20
ZHEJIANG PROVINCE XINCH 5.88 10/30/21 CNY 20.30
ZHEJIANG PROVINCE XINCH 5.88 10/30/21 CNY 21.06
ZHEJIANG YATAI PHARMACE 0.50 04/02/25 CNY 69.75
ZHENGZHOU AIRPORT ECONO 4.27 07/20/26 CNY 69.18
ZHENGZHOU AIRPORT ECONO 4.27 07/20/26 CNY 69.29
ZHENGZHOU JINGKAI INVES 5.48 07/31/22 CNY 40.00
ZHENGZHOU JINGKAI INVES 5.48 07/31/22 CNY 40.56
ZHENGZHOU MOUZHONG DEVE 4.59 04/18/23 CNY 59.92
ZHENGZHOU MOUZHONG DEVE 4.59 04/18/23 CNY 59.93
ZHENGZHOU MOUZHONG DEVE 7.48 12/11/21 CNY 20.44
ZHENGZHOU MOUZHONG DEVE 7.48 12/11/21 CNY 26.20
ZHENJIANG CITY CONSTRUC 8.20 01/13/21 CNY 20.04
ZHENJIANG CITY CONSTRUC 8.20 01/13/21 CNY 28.49
ZHENJIANG CITY CONSTRUC 7.90 12/18/20 CNY 20.01
ZHENJIANG CITY CONSTRUC 7.90 12/18/20 CNY 28.50
ZHENJIANG DANTU DISTRIC 5.89 11/03/21 CNY 19.80
ZHENJIANG DANTU DISTRIC 5.89 11/03/21 CNY 20.00
ZHENJIANG NEW AREA URBA 5.31 07/14/23 CNY 58.75
ZHENJIANG NEW AREA URBA 5.31 07/14/23 CNY 60.64
ZHENJIANG NEW AREA URBA 8.35 02/26/21 CNY 20.06
ZHENJIANG NEW AREA URBA 8.99 01/16/21 CNY 20.05
ZHIJIANG STATE-OWNED AS 4.38 03/28/23 CNY 59.24
ZHIJIANG STATE-OWNED AS 4.38 03/28/23 CNY 64.70
ZHIJIANG STATE-OWNED AS 4.78 01/11/23 CNY 59.67
ZHIJIANG STATE-OWNED AS 4.78 01/11/23 CNY 60.00
ZHONGGUANCUN DEVELOPMEN 4.20 08/12/22 CNY 39.85
ZHONGGUANCUN DEVELOPMEN 4.20 08/12/22 CNY 40.15
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 20.00
ZHONGSHAN TRANSPORTATIO 5.25 11/26/21 CNY 20.25
ZHOUKOU INVESTMENT GROU 7.49 04/21/21 CNY 20.10
ZHOUSHAN DINGHAI CITY C 6.67 07/20/22 CNY 40.26
ZHOUSHAN DINGHAI STATE- 7.13 08/04/21 CNY 20.18
ZHOUSHAN DINGHAI STATE- 7.13 08/04/21 CNY 20.33
ZHOUSHAN ISLANDS NEW DI 6.98 10/22/22 CNY 40.80
ZHOUSHAN ISLANDS NEW DI 6.98 10/22/22 CNY 40.98
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 41.07
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 41.90
ZHUHAI HUIHUA INFRASTRU 4.70 06/27/23 CNY 59.60
ZHUHAI HUIHUA INFRASTRU 4.70 06/27/23 CNY 59.78
ZHUJI CITY EAST NEW TOW 3.89 08/26/23 CNY 59.34
ZHUJI CITY YUEDU INVEST 6.38 04/07/22 CNY 40.69
ZHUZHOU CITY CONSTRUCTI 8.36 11/10/21 CNY 23.75
ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 58.45
ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 58.99
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 40.00
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 40.33
ZHUZHOU GECKOR GROUP CO 6.95 08/11/21 CNY 20.24
ZHUZHOU GECKOR GROUP CO 6.95 08/11/21 CNY 20.86
ZHUZHOU HI-TECH AUTO EX 4.47 11/03/23 CNY 73.58
ZHUZHOU RECYCLING ECONO 4.38 03/24/23 CNY 57.28
ZHUZHOU RECYCLING ECONO 4.38 03/24/23 CNY 57.83
ZHUZHOU XIANGJIANG SCEN 5.39 11/25/22 CNY 39.40
ZHUZHOU XIANGJIANG SCEN 5.39 11/25/22 CNY 40.63
ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 39.65
ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 40.00
ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 57.71
ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 57.74
ZIZHONG COUNTY XINGZI I 5.97 01/18/23 CNY 58.38
ZIZHONG COUNTY XINGZI I 5.97 01/18/23 CNY 59.68
ZUNYI ECONOMIC DEVELOPM 4.87 01/22/23 CNY 57.79
ZUNYI ECONOMIC DEVELOPM 4.87 01/22/23 CNY 60.00
ZUNYI HONGHUAGANG CITY 5.05 06/27/23 CNY 56.69
ZUNYI HONGHUAGANG CITY 5.05 06/27/23 CNY 59.20
ZUNYI NEW DISTRICT DEVE 5.99 04/07/26 CNY 67.54
ZUNYI NEW DISTRICT DEVE 5.99 04/07/26 CNY 70.01
ZUNYI ROAD & BRIDGE CON 6.10 04/27/23 CNY 52.42
ZUNYI ROAD & BRIDGE CON 6.10 04/27/23 CNY 57.96
ZUNYI TRAFFIC TRAVEL IN 7.70 09/27/27 CNY 70.05
HONG KONG
---------
CAIYUN INTERNATIONAL IN 5.50 04/08/22 USD 70.52
DR PENG HOLDING HONGKON 7.55 12/01/21 USD 70.25
HNA GROUP INTERNATIONAL 6.25 10/05/21 USD 56.06
INDIA
-----
3I INFOTECH LTD 2.50 03/31/25 USD 9.88
ACME MEDAK SOLAR ENERGY 0.01 08/29/46 INR 12.07
ACME RANGA REDDY SOLAR 0.01 08/31/46 INR 11.94
AMPSOLAR SOLUTION PVT L 0.01 11/03/37 INR 25.89
AMPSOLAR SOLUTION PVT L 0.01 10/27/37 INR 25.94
APG HABITAT PVT LTD 1.00 09/09/28 INR 61.75
APG INTELLI HOMES PVT L 1.25 02/04/35 INR 43.63
APG INTELLI HOMES PVT L 1.25 02/04/35 INR 43.81
AUTOMOTIVE EXCHANGE PVT 4.00 10/11/30 INR 62.58
AUTOMOTIVE EXCHANGE PVT 4.00 06/01/30 INR 62.96
BREEZE CONSTRUCTIONS PV 0.01 06/29/30 INR 45.58
BRITANNIA INDUSTRIES LT 8.00 08/28/22 INR 31.50
CHANDRAJYOTI ESTATE DEV 0.01 07/06/30 INR 47.31
CREIXENT SPECIAL STEELS 0.01 08/28/25 INR 70.88
CUMULUS TRADING CO PVT 0.01 05/21/32 INR 39.37
CUMULUS TRADING CO PVT 0.01 01/23/30 INR 63.32
DEWAN HOUSING FINANCE C 8.50 04/18/23 INR 26.42
DLF EMPORIO RESTAURANTS 0.01 08/12/30 INR 46.63
DLF EMPORIO RESTAURANTS 0.01 06/29/30 INR 47.12
DLF HOME DEVELOPERS LTD 0.01 06/29/30 INR 49.22
DLF HOMES SERVICES PVT 0.01 06/29/30 INR 45.58
DLF REAL ESTATE BUILDER 0.01 06/23/30 INR 47.26
DLF RECREATIONAL FOUNDA 0.01 10/15/30 INR 44.93
DLF RESIDENTIAL BUILDER 0.01 06/23/30 INR 45.59
DLF RESIDENTIAL DEVELOP 0.01 06/28/30 INR 47.28
DLF SOUTHERN TOWNS PVT 0.01 07/09/30 INR 47.39
DOMUS REAL ESTATE PVT L 0.01 07/11/30 INR 47.37
EDELWEISS ASSET RECONST 2.00 07/22/29 INR 64.51
EDELWEISS ASSET RECONST 2.00 03/28/29 INR 65.70
EDELWEISS ASSET RECONST 2.00 01/15/29 INR 66.51
EDELWEISS ASSET RECONST 2.00 10/07/28 INR 67.62
EDELWEISS ASSET RECONST 2.00 11/20/27 INR 71.29
EDELWEISS ASSET RECONST 2.00 03/28/27 INR 73.84
ESSAR POWER TRANSMISSIO 3.00 03/31/43 INR 49.76
ESSAR POWER TRANSMISSIO 3.00 03/31/43 INR 49.76
GREEN URJA PVT LTD 0.01 02/14/30 INR 49.18
GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 5.65
HINDUSTAN CONSTRUCTION 0.01 01/05/27 INR 64.34
HITODI INFRASTRUCTURE L 0.01 06/30/27 INR 60.48
JAIPRAKASH ASSOCIATES L 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENTUR 7.00 05/15/17 USD 4.54
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 28.04
JTPM ATSALI LTD 0.01 08/29/48 INR 11.25
KANAKADURGA FINANCE LTD 0.01 04/15/36 INR 26.84
KRIBHCO INFRASTRUCTURE 1.00 04/15/26 INR 72.99
MARIS POWER SUPPLY CO P 2.00 04/18/28 INR 69.65
MELOSA BUILDERS & DEVEL 0.01 06/29/30 INR 45.87
MENS BUILDCON PVT LTD 0.01 06/29/30 INR 45.87
MYTRAH AADHYA POWER PVT 0.01 07/05/35 INR 31.56
MYTRAH ADVAITH POWER PV 0.01 07/13/36 INR 28.89
MYTRAH AKSHAYA ENERGY P 0.01 07/13/36 INR 28.89
NEEMUCH SOLAR POWER PVT 0.01 08/29/46 INR 12.07
ORIGAMI CELLULO PVT LTD 0.01 11/14/36 INR 27.63
PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63
PUNJAB INFRASTRUCTURE D 0.40 10/15/33 INR 44.62
PUNJAB INFRASTRUCTURE D 0.40 10/15/32 INR 47.45
PUNJAB INFRASTRUCTURE D 0.40 10/15/31 INR 50.73
PUNJAB INFRASTRUCTURE D 0.40 10/15/30 INR 54.31
PUNJAB INFRASTRUCTURE D 0.40 10/15/29 INR 58.24
PUNJAB INFRASTRUCTURE D 0.40 10/15/28 INR 62.49
PUNJAB INFRASTRUCTURE D 0.40 10/15/27 INR 67.08
PUNJAB INFRASTRUCTURE D 0.40 10/15/26 INR 71.96
PURVANCHAL SOLAR POWER 0.01 08/29/46 INR 12.07
PYRAMID SAIMIRA THEATRE 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 28.53
REDKITE CAPITAL PVT LTD 2.50 03/30/29 INR 68.74
REDKITE CAPITAL PVT LTD 2.50 01/15/28 INR 73.42
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 8.94
REWANCHAL SOLAR POWER P 0.01 08/29/46 INR 12.07
SAKET HOLIDAYS RESORTS 0.01 06/29/30 INR 47.27
SHIVAJI MARG MAINTENANC 0.01 06/28/30 INR 45.70
SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 23.63
SUNWORLD SOLAR POWER PV 0.01 08/31/46 INR 11.94
SURBHI INVESTMENTS & TR 2.50 10/21/28 INR 70.11
SUTARA ROADS & INFRA LT 0.01 08/31/30 INR 55.05
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.42
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.42
SVOGL OIL GAS & ENERGY 5.00 08/17/15 USD 0.61
TATA SMARTFOODZ LTD 0.01 11/23/25 INR 70.16
TATA SMARTFOODZ LTD 0.01 07/15/25 INR 72.38
TN URJA PVT LTD 0.10 02/22/36 INR 29.68
VIDEOCON INDUSTRIES LTD 2.80 12/31/20 USD 28.88
WATSUN INFRABUILD PVT L 4.00 10/16/37 INR 58.55
WS T&D LTD 0.10 03/24/29 INR 53.61
ZYDUS FOUNDATION 0.10 03/25/25 INR 74.23
INDONESIA
---------
ALAM SUTERA REALTY TBK 6.25 11/02/25 USD 70.84
BERAU COAL ENERGY TBK P 7.25 03/13/17 USD 44.54
BERAU COAL ENERGY TBK P 7.25 03/13/17 USD 44.54
DAVOMAS INTERNATIONAL F 11.00 12/08/14 USD 0.44
DAVOMAS INTERNATIONAL F 11.00 12/08/14 USD 0.44
DAVOMAS INTERNATIONAL F 11.00 05/09/11 USD 0.44
DAVOMAS INTERNATIONAL F 11.00 05/09/11 USD 0.44
DELTA MERLIN DUNIA TEKS 8.63 03/12/24 USD 4.13
DELTA MERLIN DUNIA TEKS 8.63 03/12/24 USD 7.83
MEDIKALOKA HERMINA TBK 8.00 09/08/23 IDR 53.00
MNC INVESTAMA TBK PT 9.00 05/11/21 USD 66.08
WAHANA OTTOMITRA MULTIA 9.15 05/29/21 IDR 60.01
JAPAN
-----
AVANSTRATE INC 0.15 10/29/32 JPY 9.75
HIS CO LTD 0.58 02/19/27 JPY 55.81
HIS CO LTD 0.44 02/20/24 JPY 73.15
MITSUI E&S HOLDINGS CO 0.70 09/15/23 JPY 68.94
MITSUI E&S HOLDINGS CO 0.62 12/15/22 JPY 73.17
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 1.50 11/26/27 JPY 39.31
UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 39.76
UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 40.00
UNIZO HOLDINGS CO LTD 1.10 11/28/24 JPY 49.57
UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 52.05
UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 53.40
UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 58.43
UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 61.92
UNIZO HOLDINGS CO LTD 0.52 05/27/22 JPY 66.89
UNIZO HOLDINGS CO LTD 0.43 11/29/21 JPY 72.16
MALAYSIA
--------
ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.64
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.35
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.23
ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.12
HIAP TECK VENTURE BHD 5.00 06/23/21 MYR 0.47
HUME CEMENT INDUSTRIES 5.00 05/29/24 MYR 1.42
MALAYAN FLOUR MILLS BHD 5.00 01/24/24 MYR 1.33
MEX II SDN BHD 6.40 04/28/34 MYR 74.94
PENGURUSAN AIR SPV BHD 1.00 11/05/35 MYR 67.92
PENGURUSAN AIR SPV BHD 1.00 09/28/35 MYR 68.22
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 4.20
SENAI-DESARU EXPRESSWAY 1.35 06/30/31 MYR 74.45
NEW ZEALAND
-----------
PRECINCT PROPERTIES NEW 4.80 09/27/21 NZD 1.17
PHILIPPINES
-----------
BAYAN TELECOMMUNICATION 15.00 07/15/06 USD 22.75
SINGAPORE
---------
ASL MARINE HOLDINGS LTD 3.00 10/01/26 SGD 42.13
ASL MARINE HOLDINGS LTD 3.00 03/28/25 SGD 42.13
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.60
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.60
BERAU CAPITAL RESOURCES 12.50 07/08/15 USD 32.08
BERAU CAPITAL RESOURCES 12.50 07/08/15 USD 32.08
BLD INVESTMENTS PTE LTD 8.63 03/23/15 USD 4.88
BLUE OCEAN RESOURCES PT 8.00 12/31/21 USD 28.38
BLUE OCEAN RESOURCES PT 8.00 12/31/21 USD 28.38
BLUE OCEAN RESOURCES PT 8.00 12/31/21 USD 28.38
ENERCOAL RESOURCES PTE 9.25 08/05/14 USD 45.75
ETERNA CAPITAL PTE LTD 8.00 12/11/22 USD 30.64
ETERNA CAPITAL PTE LTD 7.50 12/11/22 USD 65.45
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GEO COAL INTERNATIONAL 8.00 10/04/22 USD 72.00
GEO COAL INTERNATIONAL 8.00 10/04/22 USD 72.00
INDO INFRASTRUCTURE GRO 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE LT 6.00 12/11/24 USD 13.00
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 15.00
JGC VENTURES PTE LTD 10.75 08/30/21 USD 40.50
MICLYN EXPRESS OFFSHORE 8.75 11/25/18 USD 19.31
MODERNLAND OVERSEAS PTE 6.95 04/13/24 USD 43.21
MULHACEN PTE LTD 6.50 08/01/23 EUR 57.23
MULHACEN PTE LTD 6.50 08/01/23 EUR 57.53
NT RIG HOLDCO PTE LTD 7.50 12/20/21 USD 58.22
ORO NEGRO DRILLING PTE 7.50 01/24/19 USD 14.26
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 68.23
SOECHI CAPITAL PTE LTD 8.38 01/31/23 USD 69.52
SSMS PLANTATION HOLDING 7.75 01/23/23 USD 66.40
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 7.75 09/18/17 CNY 6.12
SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 6.13
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
SOUTH KOREA
-----------
ECOMAISTER CO LTD 2.00 10/11/22 KRW 29.35
HEUNGKUK FIRE & MARINE 5.70 12/29/46 KRW 44.30
HMM CO LTD 1.00 04/07/21 KRW 68.41
KIBO ABS SPECIALTY CO L 5.00 02/24/23 KRW 70.77
KIBO ABS SPECIALTY CO L 5.00 02/28/22 KRW 72.03
KIBO ABS SPECIALTY CO L 5.00 02/24/22 KRW 72.87
KIBO ABS SPECIALTY CO L 5.00 08/28/21 KRW 73.58
KIBO ABS SPECIALTY CO L 5.00 02/26/21 KRW 68.10
LOTTE CARD CO LTD 3.95 06/28/49 KRW 38.63
POSCO ENERGY CO LTD 5.21 08/29/43 KRW 62.27
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 02/27/24 KRW 68.95
SINBO SECURITIZATION SP 3.00 01/29/24 KRW 66.01
SINBO SECURITIZATION SP 4.00 01/29/24 KRW 67.97
SINBO SECURITIZATION SP 4.00 01/29/24 KRW 67.97
SINBO SECURITIZATION SP 4.00 12/25/23 KRW 66.90
SINBO SECURITIZATION SP 4.00 12/25/23 KRW 66.90
SINBO SECURITIZATION SP 5.00 12/25/23 KRW 70.15
SINBO SECURITIZATION SP 3.00 11/21/23 KRW 64.02
SINBO SECURITIZATION SP 5.00 11/21/23 KRW 68.30
SINBO SECURITIZATION SP 5.00 10/24/23 KRW 68.62
SINBO SECURITIZATION SP 5.00 10/24/23 KRW 68.62
SINBO SECURITIZATION SP 5.00 09/26/23 KRW 68.99
SINBO SECURITIZATION SP 5.00 09/26/23 KRW 68.99
SINBO SECURITIZATION SP 5.00 09/26/23 KRW 68.99
SINBO SECURITIZATION SP 5.00 08/29/23 KRW 68.04
SINBO SECURITIZATION SP 5.00 08/29/23 KRW 68.04
SINBO SECURITIZATION SP 5.00 07/24/23 KRW 68.40
SINBO SECURITIZATION SP 5.00 06/27/23 KRW 68.71
SINBO SECURITIZATION SP 5.00 03/20/23 KRW 72.26
SINBO SECURITIZATION SP 5.00 02/28/23 KRW 72.41
SINBO SECURITIZATION SP 5.00 01/29/23 KRW 69.52
SINBO SECURITIZATION SP 5.00 01/25/23 KRW 67.11
SINBO SECURITIZATION SP 5.00 12/25/22 KRW 69.77
SINBO SECURITIZATION SP 5.00 09/28/22 KRW 74.41
SINBO SECURITIZATION SP 5.00 09/26/22 KRW 66.85
SINBO SECURITIZATION SP 5.00 08/31/22 KRW 65.93
SINBO SECURITIZATION SP 5.00 08/29/22 KRW 65.92
SINBO SECURITIZATION SP 5.00 07/26/22 KRW 66.24
SINBO SECURITIZATION SP 5.00 07/24/22 KRW 66.26
SINBO SECURITIZATION SP 5.00 06/29/22 KRW 74.33
SINBO SECURITIZATION SP 5.00 06/27/22 KRW 66.62
SINBO SECURITIZATION SP 5.00 02/28/22 KRW 72.02
SINBO SECURITIZATION SP 5.00 02/23/22 KRW 64.54
SINBO SECURITIZATION SP 5.00 01/26/22 KRW 64.12
SINBO SECURITIZATION SP 5.00 01/25/22 KRW 64.10
SINBO SECURITIZATION SP 5.00 12/27/21 KRW 72.71
SINBO SECURITIZATION SP 5.00 08/31/21 KRW 62.58
SINBO SECURITIZATION SP 5.00 07/26/21 KRW 63.11
SINBO SECURITIZATION SP 5.00 06/29/21 KRW 73.79
SINBO SECURITIZATION SP 5.00 03/21/21 KRW 67.61
SINBO SECURITIZATION SP 5.00 12/21/20 KRW 71.34
SRI LANKA
---------
SRI LANKA DEVELOPMENT B 4.91 01/22/25 USD 55.44
SRI LANKA DEVELOPMENT B 5.98 01/22/25 USD 58.06
SRI LANKA DEVELOPMENT B 6.02 01/22/25 USD 58.17
SRI LANKA DEVELOPMENT B 6.50 01/22/25 USD 59.39
SRI LANKA DEVELOPMENT B 6.75 01/22/25 USD 60.03
SRI LANKA DEVELOPMENT B 6.80 01/22/25 USD 60.16
SRI LANKA DEVELOPMENT B 6.82 01/22/25 USD 60.20
SRI LANKA DEVELOPMENT B 6.87 01/22/25 USD 60.33
SRI LANKA DEVELOPMENT B 4.14 05/01/23 USD 64.29
SRI LANKA DEVELOPMENT B 4.18 05/01/23 USD 64.36
SRI LANKA DEVELOPMENT B 5.66 05/01/23 USD 66.91
SRI LANKA DEVELOPMENT B 6.69 05/01/23 USD 68.67
SRI LANKA DEVELOPMENT B 6.70 05/01/23 USD 68.69
SRI LANKA DEVELOPMENT B 6.71 05/01/23 USD 68.71
SRI LANKA DEVELOPMENT B 4.27 03/16/23 USD 65.67
SRI LANKA DEVELOPMENT B 6.62 03/16/23 USD 69.53
SRI LANKA DEVELOPMENT B 4.30 01/22/23 USD 67.16
SRI LANKA DEVELOPMENT B 4.49 01/22/23 USD 67.46
SRI LANKA DEVELOPMENT B 5.94 01/22/23 USD 69.71
SRI LANKA GOVERNMENT IN 7.55 03/28/30 USD 56.49
SRI LANKA GOVERNMENT IN 7.55 03/28/30 USD 56.55
SRI LANKA GOVERNMENT IN 7.85 03/14/29 USD 56.62
SRI LANKA GOVERNMENT IN 7.85 03/14/29 USD 56.68
SRI LANKA GOVERNMENT IN 6.75 04/18/28 USD 56.44
SRI LANKA GOVERNMENT IN 6.75 04/18/28 USD 56.60
SRI LANKA GOVERNMENT IN 6.20 05/11/27 USD 56.44
SRI LANKA GOVERNMENT IN 6.20 05/11/27 USD 56.60
SRI LANKA GOVERNMENT IN 6.83 07/18/26 USD 57.12
SRI LANKA GOVERNMENT IN 6.83 07/18/26 USD 57.61
SRI LANKA GOVERNMENT IN 6.85 11/03/25 USD 59.36
SRI LANKA GOVERNMENT IN 6.85 11/03/25 USD 59.50
SRI LANKA GOVERNMENT IN 6.13 06/03/25 USD 59.90
SRI LANKA GOVERNMENT IN 6.13 06/03/25 USD 59.97
SRI LANKA GOVERNMENT IN 6.35 06/28/24 USD 60.24
SRI LANKA GOVERNMENT IN 6.35 06/28/24 USD 60.30
SRI LANKA GOVERNMENT IN 6.85 03/14/24 USD 60.88
SRI LANKA GOVERNMENT IN 6.85 03/14/24 USD 61.00
SRI LANKA GOVERNMENT IN 5.75 04/18/23 USD 65.21
SRI LANKA GOVERNMENT IN 5.75 04/18/23 USD 65.22
SRI LANKA GOVERNMENT IN 5.88 07/25/22 USD 69.85
SRI LANKA GOVERNMENT IN 5.88 07/25/22 USD 70.20
SRILANKAN AIRLINES LTD 7.00 06/25/24 USD 55.32
THAILAND
--------
G STEEL PCL 3.00 10/04/15 USD 0.55
MDX PCL 4.75 09/17/03 USD 22.88
*********
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 2021. All rights reserved. ISSN: 1520-9482.
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Peter Chapman at 215-945-7000.
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