/raid1/www/Hosts/bankrupt/TCRAP_Public/210202.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, February 2, 2021, Vol. 24, No. 18

                           Headlines



A U S T R A L I A

ALICE MCCALL: Emerges from Voluntary Administration
EZ MACHINERY: First Creditors' Meeting Set for Feb. 10
GDC NSW: First Creditors' Meeting Set for Feb. 10
MAYFAIR 101: Court Enters Order to Wind Up Debenture Issuer
MAYVIC PTY: First Creditors' Meeting Set for Feb. 9

STAR BUSINESS: First Creditors' Meeting Set for Feb. 10
SWIFT SIGNS: Enters Into Voluntary Liquidation


C H I N A

HAINAN AIRLINES: Warns of Up to US$10.06 Billion Annual Loss


I N D I A

AINWESHA ENGINEERING: Insolvency Resolution Process Case Summary
BMI WHOLESALE: CARE Lowers Rating on INR11.34cr LT Loan to D
G V AUDIO: CARE Keeps D Debt Rating in Not Cooperating Category
GLOBECON COMMERCIAL: Insolvency Resolution Process Case Summary
HANUMAN AGRO: CARE Lowers Rating on INR12.80cr LT Loan to D

JRK INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
LALITPUR POWER: CARE Lowers Rating on INR196.50cr LT Loan to D
MAHARAJA COTSPIN: CARE Keeps D Debt Rating in Not Cooperating
NEELACHAL ISPAT: CARE Moves D Debt Ratings to Not Cooperating
NIKI AGRO: CARE Keeps D Debt Rating in Not Cooperating Category

NISHAKUNJ BUILDCON: Insolvency Resolution Process Case Summary
PALAK FERRO: CARE Keeps D Debt Rating in Not Cooperating Category
PATSPIN INDIA: CARE Keeps D Debt Ratings in Not Cooperating
RAGHAV INDUSTRIES: CARE Lowers Rating on INR20cr LT Loan to D
RAMDEV COTTON: CARE Keeps D Debt Rating in Not Cooperating

SAR SENAPATI: CARE Keeps D Debt Rating in Not Cooperating
SARAF AGENCIES: CARE Lowers Rating on INR97.18cr LT Loan to D
SEA BLUE: CARE Assigns C Issuer Rating
SPERRY INTERNATIONAL: CARE Keeps D Debt Rating in Not Cooperating
SPERRY PLAST: CARE Keeps D Debt Ratings in Not Cooperating

SPM WEAVING: CARE Lowers Rating on INR15cr LT Loan to D
SULOCHANA EXPORT: CARE Keeps D Debt Rating in Not Cooperating
SUMIT TEXSPIN: CARE Lowers Rating on INR75cr LT Loan to D
VIKSUN STEEL: Insolvency Resolution Process Case Summary
VRX HOSPITALITY: Insolvency Resolution Process Case Summary



I N D O N E S I A

MNC INVESTAMA: Gets Approval for Distressed Debt Plan
PT SAKA ENERGI: S&P Withdraws 'B' Long-Term Issuer Credit Rating


J A P A N

JAPAN AIRLINES: Sees Worse Net Loss This Fiscal Year


S I N G A P O R E

CONTINUUM ENERGY: Moody's Rates New USD Sr. Unsec. Notes '(P)Ba2'
SEN YUE: In CAD Probe; Chairman Suspended from Executive Functions
SEN YUE: Wholly-owned Unit Gets Letter of Demand from DBS


S O U T H   K O R E A

SSANGYONG MOTOR: Prepares to File for Prepackaged Bankruptcy


X X X X X X X X

[*] BOND PRICING: For the Week Jan. 25, 2021 to Jan. 29, 2021

                           - - - - -


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

ALICE MCCALL: Emerges from Voluntary Administration
---------------------------------------------------
Imogen Bailey at Ragtrader reports that Alice McCall emerged from
voluntary administration on December 11 through a deed of company
arrangement (DOCA), SV Partners administrator Ian Purchas said.

According to the report, Mr. Purchas said Alice McCall owed AUD2.3
million to its largest related-party creditor - the title holder of
the intellectual property - AUD5 million to ordinary unsecured
creditors, AUD130,000 to redundant employees and AUD400,000 to the
bank.

As part of the DOCA, creditors voted to accept a 10 cents on the
dollar dividend, while employees will receive 100 cents on the
dollar.

Speaking on the process, Mr. Purchas said that a restructuring
option was the best course of action for the business, especially
seeing as the IP holder of the Alice McCall trading name was not
willing to sell, Ragtrader relates.

"I was particularly positive about the potential of the business
going into the administration.  The reality was, there was never
the intention to close it. We couldn't sell the business because
there's a significant amount of value placed in the trading name
(Alice McCall) and the company that trades as Alice McCall doesn't
own that intellectual property," Ragtrader quotes Mr. Purchas as
saying.

"So potential purchasers that I spoke to who wanted to buy the
business, wanted to buy the trading name, and the owner of the
trading name wasn't prepared to sell it," he said.

The luxury label called in administrators on Nov. 8, 2020, due to
the significant downturn in sales from the COVID lockdowns and
unsustainable rental agreements.

Ragtrader notes that restructuring the business, administrators
closed 11 of 14 stores, leaving flagship locations in Westfield
Sydney, Emporium Melbourne and QueensPlaza Brisbane operating.

As part of the process, 35 staff across the closed stores and some
head office staff were made redundant, but will have their
entitlements paid in full, Ragtrader relays.

The business was returned to Alice McCall and her management team
on December 11, and according to Mr. Purchas is trading well, adds
Ragtrader.

EZ MACHINERY: First Creditors' Meeting Set for Feb. 10
------------------------------------------------------
A first meeting of the creditors in the proceedings of EZ Machinery
Australia Pty Ltd FKA 'abstract Engineering Pty Ltd', will be held
on Feb. 10, 2021, at 11:00 a.m. via virtual meeting.

Shumit Banerjee of Westburn Advisory was appointed as administrator
of EZ Machinery on Jan. 29, 2021.


GDC NSW: First Creditors' Meeting Set for Feb. 10
-------------------------------------------------
A first meeting of the creditors in the proceedings of GDC NSW Pty
Ltd will be held on Feb. 10, 2021, at 11:0 a.m. via virtual
meeting.

Morgan John Kelly of KPMG was appointed as administrator of GDC NSW
on Jan. 29, 2021.


MAYFAIR 101: Court Enters Order to Wind Up Debenture Issuer
-----------------------------------------------------------
Following an application by the Australian Securities and
Investments Commission (ASIC), the Federal Court has ordered the
winding up of M101 Nominees Pty Ltd, which issued secured
debentures promoted by Mayfair 101 known as M Core Fixed Income
Notes.

This is the first final outcome arising from ASIC's court actions
issued against Mayfair 101 Group companies and their director James
Mawhinney.  In this action, ASIC sought to protect the assets of
M101 Nominees and the interests of M Core noteholders in
circumstances where:

     * the product issuer had informed current investors of a
       liquidity event;

     * there appeared to be insufficient funds to repay investors;

       and

     * external administrators appointed to other products issued
       by the Mayfair 101 Group had raised concerns about how the
       investments had been dealt with to the detriment of
       investors.

On Jan. 29, 2021, the Court ordered that M101 Nominees be wound up
on just and equitable grounds, and appointed Said Jahani and Philip
Campbell-Wilson of Grant Thornton as liquidators, after having
previously appointed them as provisional liquidators in order to
preserve the assets of the company pending the determination of
ASIC's winding up application.

M101 Nominees raised approximately AUD67 million from investors
during 2019 and 2020 based on representations that funds invested
would be fully secured, when they were not. M101 Nominees stopped
repaying funds to investors in March 2020 and froze interest
payments to investors from June 2020.

On Sept. 24, 2020, the provisional liquidators concluded that:

     * M101 Nominees had been insolvent since it began in
       October 2019;

     * the business model of M101 Nominees was unsustainable
       because it was raising funds from M Core noteholders on a
       short-term basis (predominantly 6-12 months) and on-lending

       to a related entity, Eleuthera Group Pty Ltd, for a term of

       10 years. On this basis, M101 Nominees would not have
       adequate funds to repay noteholders as their investments
       fell due;

     * distributions and redemptions paid to M Core noteholders
       were funded from money raised from other M Core
       noteholders, or to a lesser extent, from investors in
       unsecured debentures promoted by Mayfair 101 known as M+
       Fixed Income Notes;

     * the security provided to the Security Trustee on behalf of
       the M Core noteholders holds little value as it
       specifically excluded real estate assets, which were the
       only tangible assets held by the Mayfair 101 Group entities

       and trusts giving the security; and

     * the realisable value of M101 Nominees' assets is negligible

       and insufficient to repay M Core noteholders' investments.

The defendants consented to the orders made by the Court. The Court
will publish reasons for its decision at a later date.

The Mayfair 101 Group owes approximately AUD211 million to those
who invested in its various products, including the M Core Fixed
Income Notes, M+ Fixed Income Notes, the IPO Wealth Fund, IPO
Capital and Australian Property Bonds.

ASIC Acting Chair, Karen Chester stated, 'ASIC moved decisively
early last year, directly and then ultimately through the courts,
to restrain Mayfair from promoting these allegedly misleading
products and to protect not only potential new investors but also
the interests of existing investors. This action is one of several
we have underway (under our project True to Label) targeting fund
managers not doing the right thing by investors. Especially those
fund managers preying on unsophisticated investors, such as older
Australians and retirees in regional Australia.'

ASIC is also seeking orders that Mr. Mawhinney, be permanently
restrained from certain activities, including advertising any
financial product and soliciting funds in connection with any
financial product. That matter will be heard by the Court on Feb.
15, 2021.

On April 3, 2020, ASIC commenced separate proceedings in the
Federal Court against companies in the Mayfair 101 group, including
M101 Nominees, alleging that those companies made statements in
advertisements that were false, misleading or deceptive.

On April 16, 2020, following an application by ASIC, the Federal
Court made interim orders restraining Mayfair Wealth Partners Pty
Ltd (trading as Mayfair Platinum) and Online Investments Pty Ltd
(trading as Mayfair 101) from promoting their debenture products,
including the M Core Fixed Income Notes, and prohibiting the use of
specific words and phrases in their advertising.

The matter is set down for trial commencing on Feb. 15, 2021.

MAYVIC PTY: First Creditors' Meeting Set for Feb. 9
---------------------------------------------------
A first meeting of the creditors in the proceedings of Mayvic Pty
Ltd, formerly known as 'Mayvic Australia Pty Ltd', will be held on
Feb. 9, 2021, at 11:00 a.m. via virtual meeting by telephone
conference.

Gavin Moss and Desmond Teng of Chifley Advisory Pty Ltd were
appointed as administrators of Mayvic Pty on Jan. 28, 2021.

STAR BUSINESS: First Creditors' Meeting Set for Feb. 10
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Star
Business Group Pty Ltd, trading as Huss's Grill Cafe, will be held
on Feb. 10, 2021, at 11:00 a.m. at the offices of SM Solvency
Accountants, 10/144 Edward Street, in Brisbane, Queensland.

Brendan Nixon of SM Solvency Accountants was appointed as
administrator of Star Business on Feb. 1, 2021.


SWIFT SIGNS: Enters Into Voluntary Liquidation
----------------------------------------------
Wide Format Online reports that the creditors of Swift Signs on
Jan. 27 voted to voluntarily wind up the company.

Swift Signs, based in the inner eastern Adelaide suburb of Stepney
- and not to be confused with Swift Signs of Melbourne - went into
administration in October 2020 after the Australian Taxation Office
(ATO) continued an application in Federal Court to wind up the
business, Wide Format recalls. The ATO action came several months
after the company faced a separate winding up order application by
another creditor, Ramair Packaging.

Swift Signs remained open for business as the administrative
process took its course, the report says.

According to the report, administrator Trent McMillen of
Sydney-based MaC Insolvency called a creditors meeting in Adelaide
on November 12 to receive a report about the current financial
circumstances of the company.

Creditors were be asked to vote on: whether it would be in the
creditors' interests for the Company to execute a deed of company
arrangement (DOCA); whether it would be in the creditors' interests
for the administration to end; whether it would be in the
creditors' interests for the company to be wound up.

Wide Format relates that an ASIC notice posted on Jan. 27
announced: Notice is given that, on the resolution date set out
below [27 January 2021], the Company is taken, because of paragraph
s446AA(1)(a) to have passed a special resolution under s491 that
the Company be wound up voluntarily.

Swift Signs was established in 2009 by director Luke Knight. It
offered a full range of signage work, including large format
digital printing, vehicle graphics, shop fronts, banners, light
boxes and real estate signs.



=========
C H I N A
=========

HAINAN AIRLINES: Warns of Up to US$10.06 Billion Annual Loss
------------------------------------------------------------
South China Morning Post reports that shares of Hainan Airlines
Holding plunged on Feb. 1 after the company said that it expected
to post an annual loss of as much as US$10.06 billion, as its
parent HNA Group's bankruptcy restructuring has caused its assets
to depreciate significantly.

The Shanghai-listed firm finished the day 9.8 per cent lower at
CNY1.38, close to the daily cap of 10 per cent, the report notes.

According to the Post, the largest private airline in China said in
an exchange filing on Jan. 30 that its projected loss for 2020
could reach between CNY58 billion (US$8.98 billion) and CNY65
billion, more than the combined losses at Air China, China Eastern
Airlines and China Southern Airlines - the nation's top three
carriers.

Stock filings showed Air China's loss could be in the region of
CNY13.5 billion to CNY15.5 billion, while China Eastern Airlines
loss for 2020 could range between CNY9.8 billion and CNY12.5
billion. China Southern Airlines forecast losses of CNY7.9 billion
to CNY10.9 billion, the Post discloses.

Hainan Airlines said that the loss will result in a negative value
of net assets and it risks being delisted after the results are
released, the Post relays.

Over a quarter of the airline's loss of some CNY16.5 billion was
because of a slump in the airline's business caused by the Covid-19
pandemic. China's air passenger volume has fallen as coronavirus
outbreaks flared up in a number of provinces, according to the
Post.

Passenger volume stood at 44.41 million in November, a decline of
11.7 per cent from 50.32 million in October, according to the most
recent data from the Civil Aviation Administration of China, the
Post relays.

The other major blow to its earnings was from the bankruptcy
restructuring of its parent HNA Group. HNA said on Jan. 29 that it
was served with a petition on January 29 in the provincial High
Court seeking its bankruptcy and for it to undergo restructuring.

"Because important related parties including HNA Group have been
asked by creditors to restructure, equity investments, receivables
from related parties, financial and aircraft assets held by the
company are expected to record losses," Hainan Airlines, as cited
by the Post, said.

Other mainland-listed HNA entities also fell, the report notes. HNA
Technology ended 9.8 per cent lower at CNY2.29. HNA Infrastructure
Investment declined 0.6 per cent to CNY7.29.

HNA Investment Group, however, surged by the daily cap of 10 per
cent to CNY2.51 after it forecast as much as a elevenfold jump in
2020 profit to CNY374.8 million, the Post adds.

Based in Haikou, Hainan Province, the People's Republic of China,
Hainan Airlines Co., Ltd. -- http://www.hnair.com/-- founded in
1993, is the fourth-largest carrier in China and the largest
non-government-owned airline in China.  Hainan Airlines is known
for its award-winning customer service, impeccable safety record
and on-time performance.  Hainan Airlines carries more than 14
million passengers annually.  Hainan Airlines currently flies to
more than 60 domestic and international cities, including the
capitals of every Chinese province.  Hainan Airlines' international
flights include Budapest, Brussels, Osaka and St. Petersburg.



=========
I N D I A
=========

AINWESHA ENGINEERING: Insolvency Resolution Process Case Summary
----------------------------------------------------------------
Debtor: Ainwesha Engineering & Projects Limited
        "Anwesha House", Senate Square
        A-Tower, Vuda Road
        Gotri, Vadodara 390021
        Gujarat

Insolvency Commencement Date: January 25, 2021

Court: National Company Law Tribunal, Vadodara Bench

Estimated date of closure of
insolvency resolution process: July 24, 2021

Insolvency professional: Sachin Dinkar Bhattbhatt

Interim Resolution
Professional:            Sachin Dinkar Bhattbhatt
                         A-103, Yogiraj Villa 2
                         Behind Iscon Heights
                         Kunal Cross Roads
                         Gotri-Laxmipura Road
                         Gotri, Vadodara 390023
                         Gujarat
                         E-mail: sachin.bhattbhatt@gmail.com
                                 cirp.anwesha@gmail.com

Last date for
submission of claims:    February 11, 2021


BMI WHOLESALE: CARE Lowers Rating on INR11.34cr LT Loan to D
------------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of BMI
Wholesale Trading Private Limited (BMI), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       11.34      CARE D Revised from CARE B+;
   Facilities                      Stable

   Short Term Bank       3.00      CARE D Revised from CARE A4
   Facilities            

Detailed Rationale& Key Rating Drivers

Revision in the ratings assigned to the bank facilities of BMI
factor in continuous overdrawing in the cash credit account since
October 27, 2020 and delays in bill discounting facility.

The aforesaid constraints, however, continue to be partially offset
by the strength derived from established track record of the
promoter in the marketing of premium brands in apparels though the
licensing arrangement and established brand presence with wide
geographical reach.

Rating sensitivities

Positive Factors

* Timely servicing of debt obligations

Detailed description of the key rating drivers

Key Rating Weaknesses

* Delays in debt servicing: As per banker interaction and bank
statements shared by BMI, there has been continuous overdrawing in
the cash account since past six months due to weak liquidity
position. Further as informed by the banker there are delays in
bill discounting facility as well. Weak Liquidity position: The
liquidity position remained weak marked by low accruals to repay
its debt obligations. Further, free cash and bank balance remained
low at INR0.35 crore as on March 31, 2020 (vis-à-vis INR0.15 crore
as on March 31, 2019). The current ratio of 0.94x as on March 31,
2020 (A) vis-à-vis 1.01x as on March 31, 2019. The company had
availed moratorium provided by RBI under COVID-19 pandemic
situation.

Key Rating Strengths

* Established track record of the promoter in the marketing of
premium brands in apparels though the licensing arrangement:
Company is promoted by Prestige Brands Limited and has a legacy of
more than 45 years in the development and marketing of designer
lifestyle products. The operations of BMI are managed by Mr. Vijay
Murjani having an experience of more than a decade in the
marketing, merchandising and retail development related to premium
brands. Further the promoters are resourceful and have been
supporting the operations by regular infusion of funds.

* Established brand presence with wide geographical reach:
Currently the company has changed its business model from
franchisee business to wholesale distribution of products through
its 16 distributors who distribute to more than 120 multi brand
outlets in India, e-commerce giants namely Myntra, Flipkart, Amazon
and Ajio and one shop in shop partner I.e. "Shoppers Stop". However
as per the old business Model Company still has 15 exclusive
"French Connection" stores.

Analytical approach: Standalone

Incorporated in 2006, BMI Wholesale Trading Private Limited [BMI,
formerly known as MK Retail Private Limited] is promoted by
Prestige Brands Limited (a company wholly owned by New York based
Murjani Group). BMI is engaged in wholesale trading and marketing
of licensed products such as apparels and innerwear under the brand
'French Connection' in the Indian Territory wherein BMI has the
exclusive long term rights for French Connection.

G V AUDIO: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of G V Audio
Visionn Private Limited (GVAVPL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        7.50      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated February 11, 2020, placed
the rating(s) of GVAVPL under the 'Issuer non-cooperating' category
as GVAVPL had failed to provide information for monitoring of the
rating GVAVPL continues to be non-cooperative despite repeated
requests for submission of information through e-mails, phone calls
and email dated January 12, 2021. In line with the extant SEBI
guidelines, CARE has reviewed the rating on the basis of the best
available information which however, in CARE's opinion is not
sufficient to arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Detailed description of the key rating drivers

At the time of last rating on February 11, 2020 the following were
the rating strengths and weaknesses:

Key Rating Weakness

* Ongoing delays in meeting debt obligations: The company was
unable to generate sufficient cash flows leading to strained
liquidity position resulted in delays in meeting its debt
obligations in time.

Erode (Tamilnadu) based G V Audio Visionn Private Limited was
established on November 05th 2008 by Mr. KKM Khatir (Director) and
other promoter directors. The company retail outlet for consumer
durable products such as Television, AC, Fridge, Washing Machine,
etc pertaining to various brands. The promoter started the business
in the name of partnership firm M/s G V Audio Vision, Later on, the
constitution of entity was changed to Private Limited during 2008.
The company is head quartered at Erode with branch showrooms
located at Coimbatore, Tiruppur, Gobi, Namakkal and Tiruchengode in
Tamilnadu. Mr. KKM Khatir, Director of the company, has experience
in the same line of business from past 3 decades.

GLOBECON COMMERCIAL: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Globecon Commercial Services Private Limited
        6th Floor, Apeejay House
        130, Mumbai Samachar Marg
        Fort, Mumbai 400023
        Maharashtra

Insolvency Commencement Date: January 25, 2021

Court: National Company Law Tribunal, Ahmedabad Bench

Estimated date of closure of
insolvency resolution process: July 24, 2021
                               (180 days from commencement)

Insolvency professional: Mr. Ajit Gyanchand Jain

Interim Resolution
Professional:            Mr. Ajit Gyanchand Jain
                         204, Wall Street-1
                         Near Gujarat College
                         Ellisbridge
                         Ahmedabad 380006
                         E-mail: ajit@vcanca.com
                                 cirp.gcspl@gmail.com

Last date for
submission of claims:    February 10, 2021


HANUMAN AGRO: CARE Lowers Rating on INR12.80cr LT Loan to D
-----------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Hanuman Agro Industries Limited (HAIL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       12.80      CARE D; ISSUER NOT COOPERATING
   Facilities                      Revised from CARE BB; Stable
                                   and moved to ISSUER NOT
                                   COOPERATING category

   Short Term Bank       2.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Revised from CARE A4 and moved
                                   to ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE has been seeking information from HAIL to monitor the rating
vide e-mail communications/letters dated July 7, 2020, Sept. 10,
2020, Nov. 1, 2020, Nov. 24, 2020, Dec. 8, 2020, Jan. 5, 2021, Jan.
12, 2021 and numerous phone calls. However, despite our repeated
requests, the company has not provided the requisite information
for monitoring the ratings. In line with the extant SEBI
guidelines, CARE has reviewed the rating on the basis of the best
available information which however, in CARE's opinion is not
sufficient to arrive at a fair rating. Further, HAIL has not paid
the surveillance fees for the rating exercise as agreed to in its
Rating Agreement. The rating on HAIL's bank facilities will now be
denoted as CARE D; ISSUER NOT COOPERATING. The rating assigned to
the bank facilities of HAIL take into account the on-going delays
in debt servicing.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Key Rating Weaknesses

* Ongoing Delays in debt servicing: There are ongoing delays in
servicing of Term loan. The delays were due to lower accruals from
business operations and higher dependence on external borrowings.

Liquidity analysis:

Liquidity: Poor: Poor liquidity marked by lower accruals when
compared to repayment obligations, fully utilized bank limits as on
December 31, 2020. This could constrain the ability of the entity
to repay its debt obligations on a timely basis.

Hanuman Agro Industries Ltd. (HAIL) incorporated in November 1984,
was promoted by Kanoria family of Kolkata. HAIL has been engaged in
business of paper milling having manufacturing facility in Raipur,
Chhattisgarh. Initially the company used to manufacture
agro-residue based writing and printing paper (WPP) ranging from
Maplitho, SS Cream Wove & Duplicating sheets having stretches
between 42 to 70 grams per square metre (GSM). From February 2013,
the company changed its manufacturing process using recycled fibre
and waste paper as raw material followed by an increase in capacity
from 13,200 MTPA to 16,500 MTPA. HAIL's entire power requirement is
met through its 2.5 MW captive power  plant (CPP). The power plant
is registered carbon credit and generating a significant amount of
revenue as non-operating income from the United Nations Framework
Convention on Climate Change (UNFCCC). The company sells its
products through the wholesalers and distributors covering 18
states of India primarily located in eastern, northern and western
parts of the country under the brand name of 'Hanuman'.


JRK INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of JRK
Industries Private Limited (JRKIPL) continue to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      11.96       CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

   Short Term Bank      1.00       CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated January 9, 2020, placed the
rating(s) of JRKIPL under the 'issuer non-cooperating' category as
JRKIPL had failed to provide information for monitoring of the
rating for the rating exercise as agreed to in its Rating
Agreement. JRKIPL continues to be non-cooperative despite repeated
requests for submission of information through e-mails, phone calls
and a letter/email dated December 21, 2020, December 23, 2020,
December 28, 2020, December 30, 2020 and numerous phone calls etc.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Detailed description of the key rating drivers

At the time of last rating on January 9, 2020 the following were
the rating strengths and weaknesses.

Key Rating Weaknesses

* Delay in debt servicing owing to stretched liquidity position:
There were delays in debt servicing owing to stretched liquidity
position.

Jaipur (Rajasthan) based JRKIPL was incorporated in 1997 by Mr.
Bharat Kumar Poddar, Mr. Radha Krishna Jalan, Mr. Rajesh Kumar
Jalan and their family members. JRKIPL is engaged in the business
of manufacturing and supplying of steel wires, galvanized wires,
binding wires and strip for the armoring of land cables. It has
installed manufacturing capacity of 32400 MT per annum for HB wire,
Binding wire and GI wires as on March 31, 2018.

LALITPUR POWER: CARE Lowers Rating on INR196.50cr LT Loan to D
--------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Lalitpur Power Generation Company Limited (LPGCL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      196.50      CARE D Revised from CARE BB+;
   Facilities                      Stable

Detailed Rationale & Key Rating Drivers

The revision in the rating assigned to the bank facilities of LPGCL
takes into account the unforeseen deterioration in the liquidity
profile on account of the company's abrupt reduction in collections
from the off-takers resulting in delays in debt servicing. The
rating continues to take into cognizance the significant
counterparty credit risk emanating from customer concentration on
four distribution companies (discoms) of UP Power Corporation Ltd
(UPPCL), along with weak financial profile of the off-takers. LPGCL
has witnessed significant accumulation of regulatory receivables in
the past, which was temporarily alleviated through sizable
realization of dues in Aug'20. The rating continues to negatively
factor in the significant difference in the final project cost
vis-à-vis the project cost provisionally acknowledged by UP
Electricity Regulatory Commission (UPERC) leading to lower billing
of capacity charge currently along with the associated risk of
disallowance of the increased project cost. The rating also factors
in the leveraged capital structure of the company. The rating
derives strength from the long term power purchase agreements
(PPAs) with the discoms of Uttar Pradesh (UP) for the entire
capacity and its cost-plus tariff structure providing revenue
visibility along with the opportunity to earn fixed return on
equity. The rating also factors in the firm long term fuel supply
agreement (FSA) that LPGCL has entered with the various
subsidiaries of Coal India Ltd (CIL), its progress in inter-plant
transfer mechanism of surplus linkage coal from its group company
and its moderate operational performance.

Key Rating Sensitivities

Positive Factors - Factors that could lead to positive rating
action/upgrade:

* Ability of the company to improve timeliness of collections from
UPPCL and reduce the overall debt exposure from the funds received

* Recovery of regulatory receivables along with carrying cost as
envisaged

* Effective management of its working capital and improvement in
its liquidity position.

Detailed description of the key rating drivers

Key Rating Weaknesses

* On-going delays and poor liquidity: The liquidity position of the
company is poor with on-going delays in debt repayment. While the
first tranche of PFC/REC disbursement under the Atmanirbhar Bharat
scheme was received to LPGCL in Aug'20 realization of subsequent
receivables from UPPCL has witnessed sharp reduction. The payment
pattern of UPPCL has been sporadic and the average collection
period of LPGCL has increased continuously in the past. This was
compounded by strong power demand in Uttar Pradesh in Q3FY21
leading to higher cash outflow by LPGCL to maintain adequate coal
inventory level. The cash flow mismatch for the company resulted in
delay in debt servicing. The company's liquidity profile is further
tempered by higher working capital fund based utilization and
absence of debt service reserve account (DSRA).

* Counterparty credit risk associated with weak off-taker: LPGCL's
counterparty credit risk is two-pronged – on account of customer
concentration (entire capacity tied up to a single state) and weak
credit profile of U.P Power Corporation Ltd (UPPCL) and the discoms
of UP. The high level of Aggregate Transmission and Commercial
(AT&C) loss, the rising power purchase costs and the absence of
cost reflective tariff regimes have put a strain on the financial
position of the discoms of UP. LPGCL has provision of late payment
surcharge, which mitigates the counterparty risk to some extent.
The average collection period of LPGCL has continuously increased
from 51 days in FY18 to 106 days in FY19 and 212 days in FY20.
Debtors more than 180 days were 46.3% of total as on March 31,
2020. Further, average collection including regulatory receivables
has been high and increasing. LPGCL's collection significantly
reduced during Covid'19 induced lockdown. Subsequent to the
disbursement of liquidity support fund by PFC/REC under the
Atmanirbhar Bharat package for discoms, the debtor level of LPGCL
recovered near to pre- Covid'19 level which is still high.

* Full project cost approval risk; final tariff petition under
consideration with UPERC; provisionally approved project cost
leading to lower capacity charge recovery currently: UPERC had last
approved provisional tariff for the company in March'18 and had
recognized INR14,269 cr of capital cost. Since the entire project
cost actually incurred has not been acknowledged by UPERC yet,
LPGCL is currently billing lower capacity charge to UPPCL. However,
the final tariff upon approval is expected to be carried out on
retrospective basis. The final project cost has witnessed
significant increase from the initial estimate. Part of it is
attributable to increased scope of project (including railway
system and water canal). There was also a delay in construction of
transmission evacuation infrastructure by UPPCL which delayed
commercialization of LPGCL's units. This led to increased interest
during construction period. Since there has been a sizable increase
in the project cost from the initially appraised figure, the extent
of cost overrun acknowledged by UPERC shall remain a key
monitorable.

* Other regulatory issues leading to accumulated dues: The
company's regulatory receivables stood high above INR3,000 cr in
last three years. It primarily includes (1) the claim on capacity
charge under ABT mechanism based on Plant Availability Factor (PAF)
instead of Plant Load Factor (PLF) till the commissioning of
transmission system, (2) under-recovery of Return on Equity
component till the time linkage coal was arranged and (3) the
capacity charge claimed during FY18 as compensation for PAF loss
due to liquidity issues created on account of delayed payment by
UPPCL. LPGCL has recently received a favourable order from the
Hon'ble Supreme Court on matters (1) and (2) and from Appellate
Tribunal for Electricity (APTEL) in regard to the matter (3). The
management expects sizable realization of the regulatory dues
pertaining to matter (1) along with associated carrying cost during
H2FY21, which is expected to improve the liquidity profile of the
company.

* Leveraged capital structure: LPGCL's leveraged capital structure
is contributed by a higher component of project debt in comparison
to equity, accumulation of regulatory receivables and stretched
payment from UPPCL leading to higher working capital requirement.
Its overall gearing, although improved from 3.38x as on March 31,
2018 to 2.96x as on March 31, 2020, is still high. Interest cover
has been marginal at 1.51x in FY18, 1.70x in FY19 and 1.60x in
FY20. Similarly TD/GCA has been high with marginal improvement from
16.12x in FY18 to 13.16x in FY20.

* Industry Risk: Thermal power generation has witnessed decline in
last two years and has particularly declined during Covid'19
induced lockdown. As per CEA, all India thermal PLF declined from
60.30% in FY19 to 55.99% in FY20. Despite the gradual recovery of
demand post the reduction of lockdown restriction during Q2FY21, it
was still low at 48.48% in YTD-Aug'20 (vs 59.17% during
YTD-Aug'19). Lower commercial and industrial activities led to the
decline in demand for power. The impact was relatively less felt in
Uttar Pradesh, where the decline in base energy demand was lower
than the national average decline during H1FY21 in comparison to
that during H1FY20. Moreover, peak demand was higher during H1FY21
than that during H1FY20. Fuel availability for thermal plants has
improved during H1FY21 due to lower consumption (as demand was
low). The plants thus registered higher PAF ensuring higher
recovery of capacity charge. However, weak billing and collection
efficiency of the DISCOMs during Covid'19 lockdown has led to
stretched payments to gencos. Plants having their capacity tied up
with weaker DISCOMs have been more severely impacted. The INR1.2
lakh cr liquidity infusion by PFC/REC to the DISCOMs under the
Atmanirbhar Bharat programme has provided temporary relief to the
power value chain. Further the extent and timeliness of government/
regulatory support to DISCOMs would have a bearing to the working
capital intensity of gencos like LPGCL.

Key Rating Strengths

* Full capacity tied up in long-term PPA providing revenue
visibility: The company has its entire capacity of 1,980 MW tied up
with the four DISCOMs of Uttar Pradesh through UPPCL for 25 years
on take-or-pay basis. The tariff under PPA is two part basis (fixed
and variable) which is determined on the basis of UPERC guidelines.
The fixed charge is recoverable in full if the plant availability
is at least the normative PAF. In case the plant availability is
lower than the normative PAF, the capacity charges are recoverable
on a pro rata basis. The variable charge is determined on the basis
of landed cost of fuel applied on the quantity of fuel consumption.
The cost of fuel on the basis of pre-approved normative operating
parameter (eg. station heat rate (SHR), secondary oil consumption,
auxiliary etc) is a pass-through item.

* Fuel supply risk mitigated through firm long term FSA: The
company has executed long term Fuel Supply Agreements (FSA) with
different subsidiaries of CIL for an annual contracted quantity
(ACQ) of 5.64 million tonne per annum (MTPA) of coal in January
2018 and ACQ of 1.4807 MTPA in September 2020. LPGCL was a
successful bidder under the Scheme for Harnessing and allocating
Koyla (Coal) Transparently in India (SHAKTI) auction by passing
certain discount on its power tariff. The maximum PLF that can be
achieved through this linkage arrangement is estimated at 76.8%.

In addition to the above-mentioned FSAs, NCL has also approved
inter-plant transfer of coal from group company - Bajaj Energy
Limited (BEL, CARE BB+; Stable/ CARE A4). Upon the execution of
amendatory FSA with NCL, BEL will be able to transfer its
unutilized quota of contracted quantity from its 5 plants to LPGCL.
This added flexibility is expected to further improve linkage coal
availability of LPGCL, going forward. LPGCL has the provision to
procure coal from e-auction channel as well, in case it receives
higher scheduling.

* Moderate operational performance: LPGCL's operational performance
has been moderate characterized by a satisfactory station heat rate
(SHR) and auxiliary consumption over last three years. The plant
has also maintained requisite plant availability in the past
ensuring full recovery of capacity charge. However, due to its
higher cost of fuel, its scheduling has been low leading to lower
PLF. It stood at 45.87% in 9MFY21 (9MFY20: 50.79%).

* Experienced promoters: The Shishir Bajaj group has diversified
businesses including sugar and ethanol production, manufacturing
and marketing of FMCG products, bagasse-based co-generation of
power, real estate/infrastructure development and coal-based power
generation. The group through its subsidiaries holds the entire
shareholding of LPGCL. Mr. Kushagra Nayan Bajaj is the son of Mr.
Shishir Bajaj and is the Executive - Chairman of LPGCL. He has
completed his BSc from Carnegie Mellon University and MBA from
Northwestern University. The promoters are ably supported by the
team of senior management which has several years of experience in
finance, marketing and production across diverse sectors.

LPGCL is a special purpose vehicle of the Shishir Bajaj group
incorporated on September 4, 2009 to set up a super critical
thermal power plant in Lalitpur district, Uttar Pradesh. The plant
has three units of 660 MW with a total capacity of 1,980 MW. The
group won the bid to own, implement and operate the thermal power
plant against expression of interest (EoI) by U.P Power Corporation
Ltd (UPPCL). The group had executed a Memorandum of Understanding
(MoU) on April 22, 2010 with the Government of Uttar Pradesh for
development of the project. Pursuant to the said MoU the SPV (i.e
LPGCL) was transferred on December 10, 2010 by UPPCL to the group.
All the units were commercialized by December 2016, within the
timelines defined in the PPA. The project cost has been finalized
at INR18,575 cr.

MAHARAJA COTSPIN: CARE Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Maharaja
Cotspin Limited (MCL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       11.10      CARE C; Negative; ISSUER NOT
   Facilities                      COOPERATING Rating continues to

                                   Remain under ISSUER NOT
                                   COOPERATING category

   Long Term Bank       17.64      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      15.60      CARE A4; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated October 25, 2019, placed the
ratings of MCL under the 'issuer non-cooperating' category as MCL
failed to provide information for monitoring of the rating. MCL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a letter
dated January 19, 2021. In line with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Outlook: Negative

The negative outlook is on account of the instances of delays in
the servicing of the term debt obligations and weak liquidity
position of the company. The outlook may be revised to 'Stable' if
the company is able to timely repay its debt obligations, for at
least three consecutive months, while maintaining a satisfactory
liquidity position.

Detailed description of the key rating drivers

At the time of last rating on October 25, 2019, the following was
the rating weaknesses and strengths.

Key Rating Weaknesses

* Instances of delays in the debt servicing: There had been
instances of delays in the servicing of the repayment obligations
for the term loans availed by the company. Further, there had also
been instances of overdrawals in the fund based limits availed by
the company, which were, however, settled within 30 days.

* Susceptibility of margins to fluctuations in raw material prices
and foreign exchange fluctuations: The operations of MCL are highly
raw material intensive in nature with the material cost
constituting ~70% on an average (of the total income) for the last
three years. The primary raw materials of the company are polyester
and acrylic fiber, prices of which are directly linked to crude oil
prices which in turn are highly volatile in nature. The company
usually engages in bulk procurement of raw material to avail
discounts. Subsequently, sales orders are booked at prices that
factor in the raw material costs. However, operations in a highly
competitive industry limits the ability of the company to pass on
increased costs to the customers thereby exposing the profitability
margins to any adverse movement in the raw material prices.
Furthermore, the company is engaged in exports and some of its raw
material need is also met from outside India. Since the company is
not engaged in any hedging mechanism, the profitability margins
remain exposed to adverse fluctuations in the foreign exchange
rates.

* Customer and geographical concentration risk: The company has a
concentrated revenue stream with top-5 customers contributing ~38%
of the total income in FY18. Any change in the procurement policy
of these customers may adversely impact the business of the
company. This also exposes the company's revenue growth and
profitability to its customer's future growth plans. Furthermore,
the company's operations are limited to the Punjab state only, and
especially to Ludhiana city, despite being in operations for around
six years, thus exposing it to geographical concentration in its
revenue profile.

* Highly fragmented and competitive nature of the industry: The
organized sector in the textile industry, consisting of largescale
spinning units and composite mills, is responsible for the majority
of installed capacity of the yarn production. The unorganized
sector, consisting of small scale spinning units, accounts for rest
of the capacity. This leads to highly fragmented industry structure
having high level of competition and intense pricing pressures on
the players operating in the industry.

Key Rating Strengths

* Experienced promoters: The promoters have around two decades of
experience in the textile industry. The directors are further
assisted by a team of professionals who are highly experienced in
their respective domains.

Maharaja Cotspin Limited (MCL) was incorporated in April 2010 as a
closely-held public limited company, however, the operations of the
company started in August-2011. The company is primarily engaged in
the manufacturing of yarns and knitted fabrics at its sole
manufacturing facility located at Ludhiana, Punjab with an
installed capacity of 26208 spindles for yarn manufacturing and 29
circular knitted machines for knitted fabric manufacturing, as on
March 31, 2018. The company is also engaged in the trading of yarns
and knitted fabric. The group concerns of the company include Eshan
Yarns Private Limited (EYPL; rated CARE B; Stable; Issuer Not
Cooperating) which is engaged in manufacturing of polyester
fabrics, M/s Maharaja Fabrics (engaged in the manufacturing of
knitted fabrics from polyester yarn), M/s Maharaja Trading Company
(engaged in the trading of fibers and yarn) and Maharaja Dyeing and
Furnishing Mills (engaged in business of dyeing of fabrics).

NEELACHAL ISPAT: CARE Moves D Debt Ratings to Not Cooperating
-------------------------------------------------------------
CARE Ratings has migrated the rating on bank facilities of
Neelachal Ispat Nigam Limited (MMTC) to Issuer Not Cooperating
category.

                      Amount
    Facilities      (INR crore)    Ratings
    ----------      -----------    -------
    (i) Long Term       644.64     CARE D; ISSUER NOT COOPERATING;

    Bank Facilities                Rating moved to ISSUER NOT
                                   COOPERATING category

    (ii) Short Term     252.05     CARE D; ISSUER NOT COOPERATING;
    Bank Facilities                Rating moved to ISSUER NOT
                                   COOPERATING category

    (iii) Long Term     646.52     CARE B (CE); ISSUER NOT
    Bank Facilities                COOPERATING; Rating moved to
                                   ISSUER NOT COOPERATING
                                   category; Continues to be on
                                   Credit watch with Developing
                                   Implications

    (iv) Long Term       39.00     CARE C (CE); ISSUER NOT
    Bank Facilities                COOPERATING; Rating moved to
                                   ISSUER NOT COOPERATING
                                   category; Continues to be on
                                   Credit watch with Developing
                                   Implications

    (v) Short Term        5.00     CARE A4 (CE) ISSUER NOT
    Bank Facilities                COOPERATING Rating moved to
                                   ISSUER NOT COOPERATING
                                   category; Continues to be on
                                   Credit watch with Developing
                                   Implications

    (vi) Non            200.00     CARE B (CE); ISSUER NOT
    Convertible                    COOPERATING; Developing
    Debentures-I                   Implications; Rating moved to
                                   ISSUER NOT COOPERATING
                                   category; Continues to be on
                                   Credit watch with Developing
                                   Implications


    (vii) Non          100.00      CARE B (CE); ISSUER NOT
    Convertible                    COOPERATING; Developing
    Debentures-II                  Implications; Rating moved to
                                   ISSUER NOT COOPERATING
                                   category; Continues to be on
                                   Credit watch with Developing
                                   Implications

Detailed Rationale & Key Rating Drivers for the credit enhanced
debt
The ratings assigned to the bank facilities (S.no. (iii) & (v)) and
the non-convertible debentures (S.no. (vi) & (vii)) of Neelachal
Ispat Nigam Limited take into account the credit enhancement in the
form of unconditional and irrevocable corporate guarantee extended
by MMTC Limited (rated CARE B/ CARE A4 and also CARE D for few
short term facilities) (under credit watch with developing
implications)) while the rating assigned to bank facility with
S.no. (iv) takes into account the credit enhancement in the form of
unconditional and irrevocable partial corporate guarantee extended
by MMTC Limited. CARE has been seeking information from Neelachal
Ispat Nigam Limited(NINL) to monitor the rating(s) vide e-mail
communications/letters dated January 4, 2021, January 5, 2021,
January 7, 2021 among others and numerous phone calls and a letter
dated January 08, 2021 . However, despite our repeated requests,
the company has not provided the requisite information for
monitoring the ratings. In line with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating. Further, Neelachal Ispat Nigam Limited has
not paid the surveillance fees for the rating exercise as agreed to
in its Rating Agreement. The rating on Neelachal Ispat Nigam
Limited's bank facilities and instruments will now be denoted as
per above table under ISSUER NOT COOPERATING.

Detailed Rationale & Key Rating Drivers (CE Ratings)

The credit profile of MMTC continues to take into account weakening
of credit profile of MMTC Ltd on account of its stretched liquidity
position resulting in a recent delay in repayment of short-term
loans, increasing exposure towards its associate company Neelachal
Ispat Nigam Limited (NINL) in the form of continuous fund based
support through investments and loans & advances and also continued
corporate guarantees towards NINL's loans and bonds which is
resulting in significantly high debt in the books of MMTC. The
ratings of MMTC, however, continue to derive strength from its
position as the largest international trading house in India,
predominant ownership by the Government of India (GoI) as well as
long and established track record of trading in diverse commodities
and strong internal control mechanism. The ratings continue to
remain on credit watch with developing implications on account of
the ongoing process of divestment of equity shareholding in NINL.
MMTC holds 49.78% in NINL as on June 30, 2020. Further, CARE notes
that the Cabinet Committee on Economic Affairs (CCEA) has given
'in-principle' approval for strategic disinvestment of 100% equity
of NINL in January 2020. CARE will continue to monitor the
developments in this regard and will take a view on the ratings
once the exact implications of the above on the credit risk profile
of the company are clear.

Key Rating Drivers of Neelachal Ispat Nigam Limited

The ratings assigned to the standalone bank facilities with S.no.
(i) & (ii) of Neelachal Ispat Nigam Limited continues to factor
in delays in debt servicing by the company.

Rating Sensitivities for CE Ratings

Positive Factors - Factors that could lead to positive rating
action/upgrade:

* Successful completion of the divestment of NINL resulting in a
recovery of loans & advances extended by MMTC

* Profitable increase in the scale of operation by more than 20% on
a sustained basis.

Negative Factors- Factors that could lead to negative rating
action/downgrade:

* Any further increase in advances to NINL exerting pressure on
MMTC's liquidity

Detailed description of the key rating drivers (CE Ratings)

Key Rating Weaknesses

* Stretched Liquidity: The company has defaulted in repayment of
two Short-term Loans (STL) in the month of September 2020 of INR300
crore and INR160 crore. Further, the company also has requested its
lenders for one-time restructuring of its loans as per 'Resolution
Frame work for COVID-19 related stress' announced by RBI on August
6, 2020. The liquidity position of MMTC is stretched on account of
increase in debt which has primarily been extended as operational
support to NINL.

* High group exposure & increased fund based support to NINL
leading to moderation in the financial & liquidity profile of MMTC:
The company reported a decrease of ~16.64% in revenue from
INR28891.4 cr in FY19 to INR24167.17 cr in FY20. The same is on
account of non-recognition of other trade income (which is
commission from NINL). MMTC provides operational support to NINL by
purchasing coking coal for NINL and selling NINL's products (pig
iron) on commission basis. MMTC earns 3% commission on the sales
made on behalf of NINL which is shown under other trade income in
the books of MMTC. In FY19, total commission earned was INR223.94
crore (PY: INR156.51 crore). Further, the revenue recognized in
first 3 quarters of FY20 was also written off in Q4FY20; resulting
in negative revenue from the 'Metals Segment'. This has also
resulted in negative PBILDT for FY20. The interest cost was partly
funded through internal accruals and partly through working capital
borrowings. The company reported a PAT loss of INR227.11 crore in
FY20 (PY: PAT of INR81.43 crore). The capital structure of the
company also deteriorated in FY20 due to increased working capital
borrowings and reduction in Net worth due to loss reported in FY20.
Further, for executing of one tender for import of Urea, MMTC
requested Department of Fertilizer (DoF) to arrange for loan from
National Small Savings Fund (NSSF)to avoid any cash-flow mismatch
and thus short term loan from NSSF of INR1310 crore was disbursed.
The funds were released from DoF and the loan was repaid in April
2020. This resulted in significant increase in total debt as on
March 31, 2020. Also, working capital borrowings were higher on
account of operational support extended to NINL. However, the debt
marginally reduced to INR2353.85 crore as on June 2020 with the
repayment of NSSF loan. However the off-balance sheet exposure of
the company continues to remain high which includes corporate
guarantee of INR1345.82 crore in favor of the lenders of NINL as on
March 31, 2020. MMTC being the 'Managing Promoter' for NINL extends
short-term credit facility to NINL upto a limit of INR1,425.00
crore for its day-to-day operational activities on continuing basis
and a trade related financial facility in the form of loans and
advances. MMTC's equity investment in NINL is INR459.11 crore as on
June 30, 2020. In addition, the company's total advances
recoverable from NINL as on June 30, 2020 are INR3,294.13 crore
(INR2,594.57 crore as on March 31, 2019) inclusive of interest
accrued not recognized as income of INR252.21 crore for FY20 and
INR72.82 crore for Q1FY21. MMTC has extended total advances of
INR2328 crore to NINL fromFY17 to Q1FY21. The overall gearing after
considering the corporate guarantee and deducting advances to
related parties from net-worth of MMTC Ltd, turns negative.

* H1FY21 Results: The company has reported a decrease of ~42% in
total operating income on Y-o-Y basis in H1FY21 to INR7641.83 crore
vis-à-vis INR13196.93 crore in H1FY20. The company has also
reported negative PBILDT and PAT margins in H1FY21.

Key Rating Strengths

* MMTC's position as the largest international trading house in
India: MMTC is the largest international trading company of India
and the first Public Sector Enterprise to be accorded the status of
"FIVE STAR EXPORT HOUSE" by the GOI for longstanding contribution
to exports. It is the largest non-oil importer of the nation. MMTC
has been awarded the 'Mini Ratna' status and stands as a leading
international trading house in India. It has consistently won
various prestigious awards for export performance. MMTC was
established in 1963 and is one of the major global trading players.
It has six major divisions' viz., Precious metals, Minerals & ores,
Metals and industrial raw materials, Agro products, Fertilizers &
Chemicals and Hydrocarbons.

* Established track record of trading in diverse commodities: MMTC
is involved in diverse trading activities in exports, imports and
domestic trading of goods. It is the largest exporter of minerals
from India, single largest importer/supplier of bullion and
non-ferrous metals viz. copper, aluminum, zinc, lead, tin and
nickel in the country. The company has a wholly-owned international
subsidiary in Singapore to support its international trade. MMTC
has formed Joint Ventures with various entities in order to
diversify and increase its area of operations. The fertilizers
segment was the highest contributor to the overall revenues in
FY20. MMTC imports Urea on behalf of department of fertilizers,
Ministry of Chemicals and Fertilizers. During FY20, the Fertilizer
and Chemicals segment achieved a turnover of INR11100 crore (as
compared to INR10,132 crore during FY19). The precious metals
segment include trading of gold (under export or under open general
license), silver and retail sale. Despite high volatility in prices
of bullion as well as Indian Rupee -US Dollar exchange rates,
precious metals segment contributed a gross turnover of INR8304.82
crore contributing to almost 34% of total turnover achieved by the
company in FY20.

* Internal control and risk management systems: MMTC is engaged in
both imports as well as exports of diverse commodities. The company
manages the price volatility risks by entering into back-to-back
transactions. MMTC manages foreign currency risk, by taking
adequate forward cover. Counterparty risks are mitigated to an
extent as MMTC takes earnest money deposits from its clients in
advance (Bank guarantee of 120% in case of gold imports and EMD of
10-25% in other goods to cover the price fluctuation).
Nevertheless, it remains exposed to any volatile movement in
commodity prices which can escalate  counterparty risks as well as
extreme fluctuation in forex rates.  In order to streamline the
process, manuals and corporate risk management policy has been put
in place to take care of internal control mechanisms, risk
assessment on the business proposals and systematic SOP for
undertaking various trades. MMTC has constituted a financial
management committee of directors (FMCOD) comprising of 3-4
directors including CMD for approval of all trade transactions
above INR2 crore. The trade on behalf of government accounts for
40% of the total volume while the balance 60% is for the private
players. In case of contract with private players there is always a
back to back contract and each leg of the trade is backed with a
letter of credit to secure the payment.

* Industry Prospects: MMTC plays a vital role in association with
the government of India in policy formulation to support Gems &
Jewellery industry in India and development of jewellery sector on
Pan-India basis. The government of India launched Gold monetization
scheme with a view to promote circulation of domestic gold within
the domestic economy to curb bullion imports and save forex outgo.
The demand for gold is expected to remain firm owing to its
traditional and religious importance. However, the near term
prospects for the gems and jewellery industry are not too bright
owing to expectations of rising prices of precious metals, economic
slowdown negatively impacting disposable incomes and leading to low
consumer sentiments. However, gradual recovery is expected from
Q3FY21 onwards, which marks the onset of the festival and wedding
season demand for which may not be at pre-covid levels owing to
fall in number of wedding days in this year and gold prices showing
no signs of receding. Long term prospects remain stable owing to
growing consciousness of branded jewellery, increasing purchasing
power in the Tier 2 & 3 cities, growing population of working
females, and increasing preference towards diamond jewelry.
Fertilizers: As per CARE, the underlying macros for the Indian
fertilizer industry look promising despite the coronavirus pandemic
and macroeconomic uncertainty. With surplus reservoirs levels,
record-high Kharif crop sowing, and plentiful rainfall during the
monsoon season, demand for the procurement of fertilizers is
expected to be promising. Sales increased sharply by 25.10% during
FY21 (from April till August) and going forward with the increase
in the liquidity of farmers, a good prospect for the Rabi season
coupled with the revival of the rural economy, demand for
fertilizers for the rest of FY21 seems optimistic for the industry.
The overall fertilizer production is expected to grow by 4-6% by
the end of FY21.

Liquidity: Stretched

The company has defaulted in repayment of two Short-term Loans
(STL) in September 2020 of INR300 crore and INR160 crore. Further,
the company also has requested its lenders for a one-time
restructuring of its loans as per the 'Resolution Framework for
COVID-19 related stress' announced by RBI on August 6, 2020. The
liquidity position of MMTC is stretched on account of increase in
debt which has primarily been extended as operational support to
NINL. Liquidity position of NINL is stretched resulting in delays
in debt servicing. Analytical approach: Guarantor's assessment on
standalone basis (after factoring in the support provided to its
subsidiaries and associates in the form of corporate guarantees and
loans and advances). Note: MMTC ltd has an associate company
Neelachal Ispat Nigam Ltd (NINL) with 49.78% shareholding however
it is in a completely different business and hence it has not been
consolidated, however, the impact of its investment has been
factored in the analysis. For standalone ratings, approach is
standalone.

                         About MMTC Limited

MMTC, a public sector undertaking, was incorporated on September
26, 1963, to facilitate foreign trade in India and canalize the
export and import of essential minerals and metals. It is under the
administrative control of the Ministry of Commerce & Industry, and
the Government of India (GOI) held an 89.93% stake in the company
as on June 30, 2019. MMTC deals with multiple products and markets.
The business operations of the company span across six major
divisions i.e. minerals, metals, precious metals, agro products,
fertilizers & chemicals, and coal & hydrocarbons. MMTC has also set
up a 15-MW wind energy mill in Karnataka. MMTC is one of the few
agencies, apart from banks, permitted by the GOI for import of
bullion in  the country. Neelachal Ispat Nigam Limited (NINL); an
associate company of MMTC was incorporated in 1982 to set-up an
Integrated Steel Plant (ISP) to undertake the manufacture and sale
of pig iron. Originally, the main promoters were Industrial
Promotion & Investment Corporation of Orissa (IPICOL) and Orissa
Sponge Iron Ltd (OSIL). Subsequently, MMTC Limited, a majority
owned undertaking of Govt. of India, was inducted as the main
promoters since FY16 with an equity shareholding of 49.78%.
Further, the Cabinet Committee on Economic Affairs (CCEA) gave
'in-principle' approval for strategic disinvestment of 100% equity
of NINL on January 08, 2020, by selling the government's stake to a
strategic buyer which would be identified through a two-stage
auction procedure. The ratings have further been placed on credit
watch with developing implications on account of the announcement
by the company to divest its equity holding in NINL. CARE will
continue to monitor the developments in this regard and will take a
view on the ratings once the exact implications of the above on the
credit risk profile of the company are clear.

                 About Neelachal Ispat Nigam Limited

Neelachal Ispat Nigam Limited (NINL) was incorporated in 1982 to
set-up an integrated Steel Plant (ISP) to undertake the manufacture
and sale of pig iron. Originally, the main promoters were
Industrial Promotion & Investment Corporation of Orissa (IPICOL)
and Orissa Sponge Iron Ltd (OSIL). Subsequently, MMTC Limited, a
majority owned undertaking of Govt. of India, was inducted as the
main promoters since FY16 with an equity shareholding of 49.78%.
NINL's manufacturing unit is 5 CARE Ratings Limited Press Release
located at Kalinga Nagar Industrial complex, Dubri, Orissa having
1.1 Million Tonnes Per Annum (MTPA) capacity blast furnace as on
March 31, 2019.

NIKI AGRO: CARE Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Niki Agro
Products Private Limited (NAPPL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       12.24      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale, Key Rating Drivers and Detailed description of
the key rating drivers

CARE had, vide its press release dated October 25, 2019, placed the
rating of NAPPL under the 'issuer non-cooperating' category as
NAPPL had failed to provide information for monitoring of the
rating as agreed to in its Rating Agreement. NAPPL continues to be
non-cooperative despite repeated requests for submission of
information through email letter dated July 31, 2020, October 19,
2020, October 22, 2020, November 24, 2020, January 12, 2021 and
numerous phone calls. In line with the extant SEBI guidelines, CARE
has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Detailed description of the key rating drivers

At the time of last rating on October 25, 2019 the following were
the rating weaknesses (updated for the information available from
Registrar of Companies):

Key Rating Weaknesses

* Delay in debt servicing obligations: There have been overdrawals
in the cash credit facility and the account was classified as NPA.

Incorporated in 2001, NAPL is a Jalgaon based company promoted by
Mr. Kantilal Jain and Mr. Deepak Jain. The company is engaged in
the processing and trading of pulses comprising of Toor dal, Moong
dal, Urad dal, Masoor dal, Lobia, Chana, Rajma, dried peas etc.

NISHAKUNJ BUILDCON: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Nishakunj Buildcon LLP
        P-19, Pt. Din Dayal Upadhyay Nagar
        Sukhitya Indore 452010
        Madhya Pradesh
        India

Insolvency Commencement Date: January 8, 2021

Court: National Company Law Tribunal, Indore Bench

Estimated date of closure of
insolvency resolution process: July 6, 2021

Insolvency professional: Sanjiv Vijay Naidu

Interim Resolution
Professional:            Sanjiv Vijay Naidu
                         591, Orchid
                         Ruchi Life Escapes
                         Jatkhedi
                         Bhopal 462047
                         E-mail: sanjiv_naidu@hotmail.com

Last date for
submission of claims:    February 8, 2021


PALAK FERRO: CARE Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Palak Ferro
Alloys (PFA) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       6.10       CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale, Key Rating Drivers and Detailed description of
the key rating drivers

CARE had, vide its press release dated October 25, 2019, placed the
rating of PFA under the 'issuer noncooperating' category as PFA had
failed to provide information for monitoring of the rating as
agreed to in its Rating Agreement. PFA continues to be
non-cooperative despite repeated requests for submission of
information through email dated June 25, 2020, July 31, 2020,
October 19, 2020, November 24, 2020, January 12, 2021 and numerous
phone calls. In line with the extant SEBI guidelines, CARE has
reviewed the rating on the basis of the best available information
which however, in CARE's opinion is not sufficient to arrive at a
fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Detailed description of the key rating drivers

At the time of last rating on October 25, 2019 the following were
the rating weaknesses:

Key Rating Weaknesses

* Delay in debt servicing obligations: As per the interaction with
the banker dated March 2, 2017, the account was classified as NPA
on account of overdrawals in cash credit facility.

Incorporated in 2008, Palak Ferro Alloys (PFA) is promoted by Rahul
Parwani and is currently engaged in manufacturing of ferro alloys
and manganese oxides. PFA products include ferro magnesium,
manganese oxide and di-oxide, silico magnesium, ferro manganese low
carbon.

PATSPIN INDIA: CARE Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Patspin
India Limited (PIL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      68.36       CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

   Long Term/           7.00       CARE D/CARE D; ISSUER NOT
   Short Term                      COOPERATING; Rating continues
   Bank Facilities                 to remain under ISSUER NOT
                                   COOPERATING category

   Long Term Bank      143.80      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale & Key Rating Drivers

CARE had vide its press release dated March 11, 2020 placed the
ratings of PIL under the issuer non cooperating category as PIL had
not paid the surveillance fees for the rating exercise as agreed to
in its rating agreement. PIL continues to be non-cooperative
despite repeated requests for submission of information through
e-mails, phone calls and a letter dated January 13, 2021. In line
with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which, however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Detailed description of the key rating drivers

At the time of last rating on March 11, 2020 the following were the
rating strength and weakness (updated for the information available
from stock exchange).

Key Rating Weaknesses

* Ongoing delays in debt servicing: During FY20, the company
reported net loss of INR24 crore on total income of INR394 crore.
On account of continuous losses over the years with inadequate cash
accruals, there have been ongoing delays in servicing of debt
obligations.

Patspin India Limited (PIL) is part of Kerala based GTN group. GTN
group was established by Late Mr. M.L. Patodia in 1960. GTN group
has presence in spinning yarn, knitting, processing and garmenting.
Primary business activity of PIL is production and sale of cotton
yarn (counts ranging from 20s to 100s). In addition to this, PIL is
also engaged in value-adding activities like TFO (Two-For-One)
twisting and gassing of textile yarn. Incorporated in the year
1991, as on March 31, 2020, the total capacity of PIL stood at
114,000 spindles.


RAGHAV INDUSTRIES: CARE Lowers Rating on INR20cr LT Loan to D
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Raghav Industries Limited (RIL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       20.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE BB-; Stable

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated December 5, 2019 placed the
rating(s) of RIL under the 'issuer non-cooperating' category as RIL
had failed to provide information for monitoring of the rating. RIL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and email
dated December 3, 2020. In line with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.
Detailed description of the key rating drivers

The revision in the rating takes into account of ongoing delays in
interest servicing of cash credit account and presently the account
has been classified under SMA-II category by one of its lenders.

Key Rating Weakness

* Ongoing delays: There were on ongoing delays in interest
servicing of cash credit account and presently the account has been
classified under SMA-II category by one of its lenders.

Tamil Nadu based Raghav Industries Limited (RIL) was incorporated
in November 1987 by Mr. Rajendra Kumar Kanodia (Director). RIL is
currently being managed by him and his family members who are also
directors of the company. The company is engaged in the manufacture
of textile yarn in polyester, viscose, cotton, and various blends,
and trading in polyester staple fibre (PSF) and viscose staple
fibre with branches located in Mumbai, Surat and Ludhiana and
supplies the yarn to local weavers throughout the country. The
company has availed moratorium announced by RBI for its bank
facilities amid COVID-19 outbreak.

RAMDEV COTTON: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Ramdev
Cotton Industries (RCI) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        9.50      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated January 3, 2020, placed the
rating of RCI under the 'Issuer non-cooperating' category as RCI
had failed to provide information for monitoring of the ratings as
agreed to in its rating agreement. RCI continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter December 2,
2020, December 3, 2020, December 4, 2020, December 7, 2020,
December 21, 2020, etc. In line with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above ratings.

Detailed description of the key rating drivers

At the time of last rating on January 3, 2020, following was the
key rating weakness.

Key Rating Weakness

* On-going delay in debt servicing: RCI has been irregular in
servicing its debt obligation due to weak liquidity position of the
firm.

Rajkot based Ramdev Cotton Industries (RCI) was established in 2009
as a partnership firm by Mr. Ashwinbhai M. Chovatiya, Mr.
Jagdishbhai M. Sakaria, Mr. Kishorbhai N. Sakaria and Mr. Ramjibhai
K. Sakaria. All the partners are actively involved in the
management of RCI as functional heads. RCI is engaged in business
of cotton ginning & pressing to produce cotton bales and cotton
seeds with an installed capacity to produce 6048 MTPA (Metric
Tonnes per Annum) for cotton bales and 10,500 MTPA for cotton seeds
as on March 31, 2017.

SAR SENAPATI: CARE Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sar
Senapati Santaji Ghorpade Sugar Factory Limited (SSSGSFL) continues
to remain in the 'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      265.97      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

CARE had, vide its press release dated March 9, 2017 placed the
rating of SSSGSFL under the 'issuer non-cooperating' category as
SSSGSFL had failed to provide information for monitoring of the
rating. SSSGSFL continues to be non-cooperative despite repeated
requests for submission of information through a letter dated
December 8, 2020, phone calls and emails dated December 23, 2020
and December 24 2020. In line with the extant SEBI guidelines, CARE
has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Detailed description of the key rating drivers

At the time of last rating on December 11, 2019, following was the
rating weakness (updated for the audited result of FY19 available
with Registrar Of Companies).

Key Rating Weaknesses

* Delays in debt servicing: As per the audit report of FY19, there
are delays in making interest payment.

Incorporated on February 19, 2011, SSSGSFL is promoted by Mr.
Hasanrao Mushrif, chief promoter, along with Mr. Sajid Hasan
Mushirf, Managing Director (MD). The company is engaged in
manufacturing of sugar & related products. The manufacturing
facility is located at Kolhapur with crushing capacity of 4,800
tonnes of cane crushed per day (TCD), 30 Kilo Liters per Day (KLPD)
distillery and bagasse fired co-generation unit of 22 mega-watts
(MW).

SARAF AGENCIES: CARE Lowers Rating on INR97.18cr LT Loan to D
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Saraf Agencies Private Limited (SAPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       97.18      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE B; Stable

   Long Term/Short     55.00       CARE D/CARE D; ISSUER NOT
   Term Bank                       COOPERATING; Rating continues
   Facilities                      to remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B; Stable/
                                   CARE A4; Stable

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated August 12, 2020, placed the
ratings of SAPL under the 'issuer non-cooperating' category as SAPL
had failed to provide information for monitoring of the ratings and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. SAPL continues to be
non-cooperative. In line with the extant SEBI guidelines, CARE has
reviewed the rating on the basis of the best available information
which however, in CARE's opinion is not sufficient to arrive at a
fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above ratings.

The ratings have been revised on account of delays in debt
servicing by the company.

Detailed description of the key rating drivers

Key Rating Weaknesses

* Delays in servicing of debt obligations: The company had availed
moratorium on term loan and deferment of interest on working
capital facilities from March 2020 to August 2020 in terms of the
Covid-19 Regulatory Package of The Reserve Bank of India. However,
after the end of moratorium, there were delays in debt servicing
which were subsequently regularized in December 2020. The company
has applied for One Time Restructuring (OTR) under the Resolution
Framework for COVID-19 related stress and the same has been invoked
in December 2020.

SAPL was originally incorporated as Eastern Steel Forgings Pvt.
Ltd. in June, 1965 and subsequently its name was changed to its
present name in August, 2003. SAPL is a part of the Forum Group
based out of Kolkata. The group is primarily engaged in the
business of real estate development and caters to both the
commercial and residential segments in Eastern India. It has
successfully completed several projects in Eastern India. SAPL was
allotted 259.94 acres of land at Chatrapur, Ganjam District in
Odisha by Odisha Government in 2009 for developing a sector
specific Special Economic Zone (SEZ) and setting up manufacturing
facilities for various titanium products. SAPL has used 39 acres of
land for setting up a high purity titanium slag plant with a
capacity of 36,000 ton per annum (TPA) with 4 furnaces and a high
purity pig iron plant (by-product) with a capacity of 20,000 TPA.
Two furnaces out of four commenced operation in March 2017. The
third furnace was operational from April 15, 2019 and the fourth
furnace is yet to be operational.

SEA BLUE: CARE Assigns C Issuer Rating
--------------------------------------
CARE Ratings has assigned 'CARE C' Issuer rating to Sea Blue
Shipyard Limited (SBS).

Detailed Rationale & Key Rating Drivers

The issuer rating assigned to SBS are tempered by delays in debt
servicing in the past, small scale of operations amidst stiff
competition, working capital intensive nature of operations and
stressed liquidity position.

The issuer rating however derive strength from experienced promoter
in ship building industry, well-established business relations with
reputed customers and moderate order book position, turn around in
net profits during FY20 (April 1-March 31) along with comfortable
capital structure and debt coverage indicators.

Key Rating Sensitivities

Positive Factors
* Increase in the scale of operation with a total operating income
exceeding INR40 crore with and maintaining profitability margins
from the present level on a sustained basis

* Improvement in the liquidity position with current ratio
exceeding 1.50x on a sustained basis

Negative Factors

* The Issuer Ratings would be subjected to overall gearing will
remain below 0.75 times and debt coverage indicators with interest
coverage ratio reaching below 2x and total debt to gross cash
accruals exceeding 4x on a sustained basis.

* Deterioration in the collection period and exceeding 120 days on
a sustained basis

Key rating weaknesses

* Delays in debt servicing in the past: SBI has classified SBS into
NPA category on July 4, 2020 on account of delays in debt
servicing. Despite cash losses reported during FY18 & FY19, the
company was continued to repay its debt obligations with delays and
irregularities through the realization of receivables from its
debtors. In addition, during FY20, the company has reported cash
profit of INR6.10 Crore.  All aforesaid facts enabled the entity to
repay its debt obligations. Further, the company has closed all its
liabilities with SBI through one time settlement scheme. The
company has settle the loans by arranging the funds by the way of
rights issues, unsecured loans from promoters, receivables from its
clientele, and partial refinancing from NBFC.

* Small scale of operations amidst stiff competition: The company
has reported smaller size of operations, however scaling up during
the review period i.e. FY18-FY20 at a CAGR of 24.58% .The total
operating income stood small at INR15.66 crore in FY20 however
improved from INR3.97 Crore in FY19. SBS faces huge competition
from strong industry major like Cochin Shipyard Limited located at
Cochin port with strong technical prowess and other small
unorganized players for afloat repairs.

* Working capital intensive nature of operations: Operations of the
company are working capital intensive mainly on account of funds
being blocked in receivables (avg. debtor's period is 120 days in
FY20 vis-à-vis 737 days in FY19). Normally a small ship building
process takes around 18 months to complete and the payment is
received stage wise from clients. For manufacturing and sale of
products, SBS follow stage wise payment for projects with long
tenure. Once the bill is raised its takes an average of 60 days
tenure for collection from government entity and 30 days tenure
from private entity. At times, the collection goes beyond 60 days
from government entity due to inspection and delay in passage of
bills. Due to long tenure and delay in payment of bills raised has
resulted in elongation of average collection period which was 120
days in FY20; however the same has improved from previous year (737
days in FY19). As on March 31, 2020, out of the total debtors, 42%
were due for more than 180 days. SBS follows Just-in-time (JIT)
mechanism for ship building and manufacturing of goods, however the
company is required to hold minimum set of inventory required for
ship repair and other services, where the average inventory period
stood at 47 days in FY20. The Company holds inventory of low value
spares and consumables in its container mainly for repairing
business and thus inventory period stood low. Furthermore, company
receives credit period from creditors of two months which resulted
in average creditor's period of 66 days in FY20 vis-a-vis 70 days
in FY19. On account of aforesaid fact, operations are relied highly
on working capital bank borrowings, marked by the operating cycle
of the company stood at 101 days in FY20 as against 762 days in
FY19.

Key Rating strengths

* Experienced promoter in ship building industry and long track
record of operations: The promoters have good experience in ship
building and repairing industry. Mr. OC John, Promoter and Managing
Director, is a post graduate in commerce and a graduate in law. He
joined a ship building and repairing firm in Kochi in 1983 and
resigned from the firm in 2002 as Chief Executive Officer and
promoted SBS in 2003 along with four other technocrats. Mr. E
Tojen, promoter and director, is a marine engineer by profession,
has 21 years of experience in shipping industry and merchant navy.
Further the entity derives support from well qualified
professionals business viz Mr. Jilish G Kanippilly (Director HR &
IT), Mr. P.G. Vinayan (Chief Finance Officer), Ms. R. Raji (Company
Secretary with adequate experience relevant line of business. The
entity is operating since 2003 and thereby registering long track
record of operations.

* Well-established business relations with reputed customers and
moderate order book position: Over the last few years the company
is able to registered as well established player in manufacturing
of ship parts and other shipping equipments business for reputed
clients such as Goa Ship Yard Ltd, Indian Navy Coast Guard,
Shipping Corporation of India, Dredging Corporation of India,
Cochin Shipyard Limited among others. Furthermore the company is
maintainaing long term with reputed customers as its operating more
then a decade. SBSL has an order book of INR16.06 crore as of
December 31, 2020 with average execution tenure from 1 month to 3
years.

* Some of the key orders are Improvement of Thottappally spillway,
wooden deck renewal: Ins Tarangini, complete dry docking and Lay-up
repairs, dry docking and allied repairs-SRP Balshil, Performing Dry
docking of barge FACT Pragatiyan and expected to receive more
orders in the remaining period of this fiscal year.

* Turn around in net profits during FY20 along with comfortable
capital structure and debt coverage indicators: The company has
reported net losses for the two fiscals ended FY18 and FY19 due to
high operational costs (material and employee costs). However the
company has reported a net profit of INR4.57 crore during FY20 on
account of revenue realized from new work orders received for ship
repairments, and executed during said period coupled with
offsetting operational costs. The company's capital structure
remained comfortable marked by the overall gearing stood at 0.26x
as at March 31, 2020 as against 0.43x as at March 31, 2019. As on
March 31, 2020, debt profile stood at 8.12 Crore as against good
networth base of INR31.69 Crore. The interest coverage stood
negative during FY18 & FY19 on account of operating losses reported
during the period by the company. The operating performance has
improved in FY20, and has enabled the company to report sufficient
operating profit to service the interest obligations of the
company. The same stood at 16.49x during FY20. Similarly the TD/GCA
though stood at negative during FY18 and FY19 owing to the cash
losses reported, it improved and stood at comfortable at 1.33x
during FY20 due to significant cash profits earned by the company
coupled with y-o-y decline in total debt levels.

Liquidity: stressed

The current ratio and quick ratio stood weak at 0.69x and 0.61x
respectively as on March 31, 2020 (vis-àvis 0.47x and 0.41x
respectively as on March 31, 2019). The cash and bank balances
stood at INR0.22 Crore as on March 31, 2020. However, the loan
facilities with SBI has been closed and there are no bank
borrowings. With the cash accruals envisaged to be generated to be
satisfactory which will aqdequate to meet out the operations going
forward. Company has not availed moratorium for its bank facilities
amid COVID-19 announced by RBI.

Sea Blue Shipyard Limited (SBS), incorporated on December 8, 2003,
is an ISO:9001-2008 certified public limited company engaged in
ship building, ship repairs, general engineering, wharfage and
berthing, tug boat services and hire charges activities. Initially
the company was established under the name of Sea Blue Marine
Engineering (Pvt.) Ltd. and later converted into a Public Limited
Company in 2009, with its new name SBS. SBS has a yard, located at
Vypin, having necessary infrastructure facilities like 200 meters
long wharfs, slipways and workshop for undertaking above works. SBS
has a branch office in Goa, established during 2009 with a view to
expand its business activities along the Western Coastal belt. It
undertakes contractual work of Goa Ship Yard Ltd, Indian Navy Coast
Guard, Shipping Corporation of India, Dredging Corporation of
India, Cochin Shipyard Limited etc. and other private agencies
operating in the Western region for specialized jobs. SBS is
registered with Navel Ship Repair Yard, Kochi for undertaking all
types of repairs of their vessels which extended upto November
2023.

SPERRY INTERNATIONAL: CARE Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sperry
International Pvt Ltd (SIPL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Short Term Bank      16.80      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated Jan. 6, 2020, maintained the
rating(s) of SIPL under the 'issuer non-cooperating' category as
SIPL had failed to provide information for monitoring of the
rating. SIPL continues to be non-cooperative despite repeated
requests for submission of information through e-mail
communications/ letters dated Jan. 8, 2021, Jan. 7, 2021, Jan. 5,
2021, Jan. 4, 2021 and numerous phone calls. In line with the
extant SEBI guidelines, CARE has reviewed the rating on the basis
of the best available information which however, in CARE's opinion
is not sufficient to arrive at a fair rating. Further, banker could
not be contacted for due diligence.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

The rating has been reaffirmed by taking into account
non-availability of information and no due-diligence conducted due
to non-cooperation by Sperry International Pvt Ltd (SIPL) with
CARE'S efforts to undertake a review of the rating outstanding.

CARE views information availability risk as a key factor in its
assessment of credit risk. Further, banker feedback is also not
available.

The rating on the company's bank facilities will now be denoted as
CARE D; ISSUER NOT COOPERATING.

Detailed description of the key rating drivers

There have been instances of delays in debt servicing due to
stressed liquidity position.

Sperry International Private limited was incorporated in 2004 by
the name of Sperry Infrastructure and Developers Pvt Ltd and was
changed to the present name in July, 2012. Mr. Vikram Jain is the
Managing Director of the company.

SPERRY PLAST: CARE Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Sperry
Plast Ltd (SPL) continue to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      141.07      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

   Short Term Bank      26.50      CARE D; ISSUER NOT COOPERATING;
   Facilities                      Rating continues to remain
                                   Under ISSUER NOT COOPERATING
                                   CATEGORY

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated Jan. 6, 2020, maintained the
rating(s) of SPL under the 'issuer  noncooperating' category as SPL
had failed to provide information for monitoring of the rating. SPL
continues to be noncooperative despite repeated requests for
submission of information through e-mail communications/ letters
dated Jan. 8, 2021, Jan. 7, 2021, Jan. 5, 2021, Jan. 4, 2021 and
numerous phone calls. In line with the extant SEBI guidelines, CARE
has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating. Further, banker could not be contacted for
due diligence.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

The rating has been reaffirmed by taking into account
non-availability of information and no due-diligence conducted due
to non-cooperation by Sperry Plast Ltd (SPL) with CARE'S efforts to
undertake a review of the rating outstanding. CARE views
information availability risk as a key factor in its assessment of
credit risk. Further, banker feedback is also not available. The
rating on the company's bank facilities will now be denoted as CARE
D; ISSUER NOT COOPERATING.

Detailed description of the key rating drivers

There have been instances of delays in debt servicing due to
stressed liquidity position.

Sperry Plast Ltd (SPL) was incorporated in 1992 by Mr. Vikram Jain
and is closely held company. SPL has its presence across three
divisions' viz. Moulding Division, Compounding Division and
Machinery Division. SPL has four production plants located in
Haryana, Greater Noida, Chennai and Jammu. The main products
include Thermo plast products (sold under the brand name of
SPERENE), Moulded products and various Injection moulding machines.
The key segments to which the company caters include: Footwear &
Sports, Automotive and Appliances.

SPM WEAVING: CARE Lowers Rating on INR15cr LT Loan to D
-------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Sri SPM Weaving Mills (SPM), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       15.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE C; Stable

Detailed Rationale & Key Rating Drivers

CARE has conducted the review on the basis of best available
information and had classified SPM as 'Non Cooperating' vide its
press release dated December 15, 2020. Furthermore, CARE's rating
on Sri SPM Weaving Mills bank facilities will now be denoted as
CARE D Issuer Not Cooperating* on the basis of best available
information.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Detailed description of the key rating drivers

The revision in the rating takes into account of ongoing delays as
per publically available information and non-availability of
requisite information due to non- cooperation by SPM with CARE's
efforts to undertake a review of the outstanding ratings as CARE
views information availability risk as key factor in its assessment
of credit risk profile.

Key Rating Weaknesses

* Ongoing delays: As per the publically available information there
are ongoing delays in debt servicing of interest.

Tamil Nadu based, Sri SPM Weaving Mills (SPM) was established in
the year 2015 as a partnership firm. SPM has its registered office
and plant located at M.S. Mangalam (Village), Erode, Tamilnadu with
the area covering 3.75 acres. The firm is engaged in manufacturing
of grey fabric.

SULOCHANA EXPORT: CARE Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sulochana
Export (SE) continues to remain in the 'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       5.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE B; Stable

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated February 18, 2020 placed the
rating(s) of SE under the 'issuer noncooperating' category as SE
had failed to provide information for monitoring of the rating. SE
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and email
dated January 13, 2021. In line with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

Detailed description of the key rating drivers

The revision in the rating takes into account of ongoing delays in
servicing the interest and instances of overdraws by more than 30
days for the cash credit facility availed by the firm.

Key Rating weaknesses

* Ongoing delays in servicing debt obligations: As confirmed by the
lender, there are ongoing delays in servicing the interest and
instances of overdraws by more than 30 days for the cash credit
facility availed by the firm due to a stressed liquidity position.


Sulochana Exports (SE) was established in 2015 as a partnership
firm and promoted by Mr. Madeswaran and his family members. The
firm is engaged in manufacturing of cotton fabrics. The
manufacturing unit is spread in total area of 45000 Sq. ft. located
at Tiruchengode, Namakkal District (Tamil Nadu). SE purchases its
key raw material (cotton yarn) from domestic market in Erode
District, which is famous for cotton production in south India. The
firm sells the cotton fabrics to the customers located at Tamil
Nadu, Andhra Pradesh and Gujarat. The firm has an installed
capacity of 15000 meters per day. The firm is utilizing around 85%
of capacity per day. The lender has indicated that the firm has
availed moratorium from March to August 2020 amid covid-19 RBI
guidelines.

SUMIT TEXSPIN: CARE Lowers Rating on INR75cr LT Loan to D
---------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Sumit Texspin Private Limited (STPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       75.00      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category and Revised from
                                   CARE B+; Stable

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated February 28, 2020,
classified the rating of STPL under the 'issuer non-cooperating'
category as STPL had failed to provide information for monitoring
of the rating. In line with the extant SEBI guidelines, CARE has
reviewed the rating on the basis of the best available information
which however, in CARE's opinion is not sufficient to arrive at
fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.

The revision in the rating is on account of ongoing delays in debt
servicing. CARE also takes cognizance of the company availing the
moratorium granted by its lender as a Covid relief measure (as
permitted by the Reserve Bank of India) for the period from March
2020 to August 2020 on the interest component of its fund-based
limit and installments of term loan.

Detailed description of the key rating drivers

Key Rating Weaknesses

* Delays in debt servicing: As confirmed by the banker, there are
ongoing delays in term debt servicing as the repayments due for the
months of October 2020, November 2020 and December 2020 are still
unpaid.

Sumit Texspin Pvt. Ltd. (STPL), incorporated in June, 2001, is
based out of Bhilwara and is engaged in the business trading of
Fabrics and since last 15 years. Till March 31, 2017, company is
mainly involved in Yarn trading and investment activities. STPL has
purchased the defunct units (spinning and weaving plants) of Suzuki
Textile Ltd. (STL)) as per the agreement dated March 14, 2017 at
the consideration of INR70 crore for all movable and immovable
fixed assets including land, buildings, plant and machinery and
miscellaneous assets lying in the unit.

VIKSUN STEEL: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: Viksun Steel & Alloy Private Limited
        16, Ashish Estate
        Nr. Jagannath Estate
        Rakhial, Ahmedabad 380023
        Gujarat

Insolvency Commencement Date: January 27, 2021

Court: National Company Law Tribunal, Ahmedabad Bench

Estimated date of closure of
insolvency resolution process: July 26, 2021

Insolvency professional: Mr. Vinod Tarachand Agrawal

Interim Resolution
Professional:            Mr. Vinod Tarachand Agrawal
                         204, Wall Street-1
                         Near Gujarat College
                         Ellis bridge
                         Ahmedabad 380006
                         E-mail: ca.vinod@gmail.com
                                 cirp.vsapl@gmail.com

Last date for
submission of claims:    February 10, 2021


VRX HOSPITALITY: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: M/s VRX Hospitality Services Private Limited
        F-101, Mauryansh Elanza
        Shyamal Cross Rd
        Nr. Parekh Hospital
        Satellite, Ahmedabad
        GJ 380015
        IN

Insolvency Commencement Date: January 18, 2021

Court: National Company Law Tribunal, Ahmedabad Bench

Estimated date of closure of
insolvency resolution process: July 17, 2021
                               (180 days from commencement)

Insolvency professional: Mr. Anish B. Shah

Interim Resolution
Professional:            Mr. Anish B. Shah
                         D/413, Shiromani Complex
                         Opp. Ocean Park
                         Nehrunagar, Satellite Road
                         Ahmedabad 380015
                         E-mail: anishshahcs@gmail.com
                                 cirp.vrx@gmail.com

Last date for
submission of claims:    February 6, 2021




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

MNC INVESTAMA: Gets Approval for Distressed Debt Plan
-----------------------------------------------------
Tassia Sipahutar at Bloomberg News reports that PT MNC Investama,
an Indonesian media and property conglomerate that has a tie-up
with former President Donald Trump's company, said it received
court approval for its debt plan after agreeing to lower its
standalone borrowings by 65%.

Bloomberg relates that the approval by the High Court of Singapore
paves the way for the company founded by tycoon Hary Tanoesoedibjo
to issue new notes and shares for investors of its distressed bonds
as it restructures its debt.

Under the agreement, MNC Investama will cap its debt at $81
million, it said. Holders of its distressed $231 million bonds will
decide whether to accept new shares or new notes, it said in a
statement, the report relays.

At least 65% of bondholders are expected to convert their bonds to
new shares, which will be issued within 12 months of the plan's
effective date, the company said. MNC Investama's standalone equity
will increase about 18% to at least IDR14.5 trillion ($1 billion),
it said, according to Bloomberg.

Other holders can choose to exchange their bonds for new five-year
notes issued with an annual fixed coupon of 1%, with an additional
variable coupon based on the cash dividend income MNC Investama
receives from units PT Global Mediacom and PT MNC Kapital
Indonesia.

"There will be direct financial benefits such as the reduction of
standalone debt, capital strengthening, and lower finance costs
borne by the company," Bloomberg quotes MNC Investama President
Director Darma Putra as saying in the statement.

The debt arrangement will allow the company to grow faster and
continue its digitalization plan for its business units, Putra
said.

According to Bloomberg, Tanoesoedibjo had previously sought to
extend the maturity of the company's dollar bonds, which were due
in 2021, as the pandemic strained finances.

                      About PT. MNC Investama

PT. MNC Investama Tbk. is an investment company in Indonesia with a
scope of business that spans media, financial services, property,
as well as portfolio investments. The Company, through its
subsidiaries, covers a portfolio of free-to-air tv stations, pay
tv, online media platforms, offers a complete range of financial
products, and engages in themepark, resort & property development.

As reported in the Troubled Company Reporter-Asia Pacific on Aug.
11, 2020, Moody's Investors Service withdrew the Caa1 corporate
family rating of MNC Investama Tbk. (P.T.) and Caa2 senior secured
ratings with negative outlook.  Moody's has decided to withdraw the
ratings because it believes it has insufficient or otherwise
inadequate information to support the maintenance of the ratings.

PT SAKA ENERGI: S&P Withdraws 'B' Long-Term Issuer Credit Rating
----------------------------------------------------------------
S&P Global Ratings withdrew its 'B' long-term issuer credit rating
on PT Saka Energi Indonesia (Saka) at the company's request. S&P
also withdrew its 'B' long-term issue rating on Saka's senior
unsecured notes. The outlook on the Indonesia-based oil and gas
exploration and production company was negative at the time of the
withdrawal.




=========
J A P A N
=========

JAPAN AIRLINES: Sees Worse Net Loss This Fiscal Year
----------------------------------------------------
Shiho Takezawa at Bloomberg News reports that Japan Airlines Co.
expects a worse loss this fiscal year than previously forecast as
the coronavirus wreaks havoc on international demand for travel.

The nation's flag carrier is now forecasting a net loss of JPY300
billion ($2.9 billion) for the 12 months ending March 31 and sales
of JPY460 billion, Bloomberg discloses citing an exchange filing
Feb. 1.

For the third quarter, JAL reported a net loss of JPY51.5 billion,
wider than the JPY36.9 billion estimated by analysts. Sales for the
period were JPY161.8 billion versus the JPY170 billion forecast,
Bloomberg relates.

According to Bloomberg, airlines in Japan are facing a grim outlook
as Covid-19 cases rise and the nation extends its state of
emergency. Surging virus numbers in Asia's second-biggest economy
could have limited JAL's traffic in the third quarter to just 27%
of pre-pandemic levels, Bloomberg Intelligence analysts said last
month.

Prime Minister Yoshihide Suga declared a state of emergency in
major cities including Tokyo in January, after the country's "Go
To" domestic tourism push aggravated infections, Bloomberg notes.
Overseas visitors meanwhile are almost non-existent, down 97.7% in
December from a year earlier, according to Japan's national tourism
organization.

Bloomberg relates that Japan is also still yet to reach a
conclusion on whether to go ahead with the Olympics later this
year. While Thomas Bach, president of the International Olympic
Committee, and the Japanese government are pledging to forge ahead,
an NHK poll shows that almost 80% of people think the games should
be canceled or postponed.

Bloomberg says the nation's other big airline, ANA Holdings Inc.,
on Jan. 29 reported a quarterly operating loss that was slightly
narrower than analysts' estimates. ANA's pledge to get back into
the black next fiscal year looks challenging considering the
pandemic shows no sign of abating.

JAL was previously forecasting a net loss of as much as JPY270
billion this fiscal year, its first slide into the red since
emerging from one of the country's biggest-ever bankruptcies,
Bloomberg notes.

Japan Airlines Co., Ltd. engages in scheduled and non-scheduled air
transport, aerial work, and aircraft maintenance services. It
operates through the Air Transport and Others segments. The Air
Transport segment engages in air transport business, airport
passenger service, ground handling service, maintenance service,
cargo service, passenger transport service and airport area
business. The Others segment includes travel planning and sales.



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

CONTINUUM ENERGY: Moody's Rates New USD Sr. Unsec. Notes '(P)Ba2'
-----------------------------------------------------------------
Moody's Investors Service has assigned a (P)Ba2 rating to the
proposed six-year USD senior unsecured notes to be issued by
Continuum Energy Levanter Pte. Ltd.

The outlook on the rating is stable.

Continuum Energy Levanter will use the proceeds from the USD notes
with a partial amortizing debt structure to subscribe to six-year
non-convertible debentures (NCDs) to be issued by six restricted
subsidiaries in India, which are either wholly-owned or
majority-owned by Continuum Green Energy Ltd. Singapore (CGEL)
through Continuum Green Energy (India) Pvt Ltd. At USD bond
maturity, the restricted subsidiaries will redeem the NCDs to
Continuum Energy Levanter, and the proceeds will be used to repay
the USD bond principal.

The restricted subsidiaries in India will use the proceeds from the
NCDs to refinance their existing debt, pay related transaction
costs, repay outstanding working capital loans and fund cash needs
for general corporate purposes.

The holders of the USD notes will be supported by several
structural features that establish a close linkage between the
credit profiles of Continuum Energy Levanter and the restricted
subsidiaries in India.

Such features encompass (1) Continuum Energy Levanter's status as
the subscriber of the restricted Indian subsidiaries' NCDs, with a
matching repayment structure between the proposed USD notes and the
NCDs; (2) internal cash-fund debt service reserve; (3) a mandatory
cash sweep and scheduled debt amortization likely reducing the USD
notes by 45%-47% until the maturity of the notes; (4) a
trustee-managed cash flow waterfall; (5) a collateral package; and
(6) covenants with certain carve outs.

Because of these features, the rating of the USD notes is closely
linked to the credit profile of Continuum Restricted Group 1 (RG1)
comprising Continuum Energy Levanter and the six restricted
subsidiaries in India.

The wind and solar projects of the restricted subsidiaries in India
are all located in India (Baa3 negative), and each restricted
subsidiary will be liable as the co-issuer for a portion of the
NCDs and as a guarantor for the balance. The six wholly or
majority-owned subsidiaries in Continuum RG1 include: (1) Bothe
Windfarm Development Private Limited; (2) DJ Energy Private
Limited; (3) Uttar Urja Projects Private Limited; (4) Renewable
Trinethra Private Limited; (5) Trinethra Wind & Hydro Power Private
Limited; and (6) Watsun Infrabuild Private Limited.

The provisional status of the rating will be subject to Moody's
review of the final transaction documents.

RATINGS RATIONALE

"The (P)Ba2 rating assigned to the proposed USD notes reflects
Continuum RG1's diversification of its geographic operations and
customer base, along with its improving financial profile under the
scheduled principal repayment and a mandatory cash sweep mechanism,
says Mic Kang, a Moody's Vice President and Senior Credit Officer.

Continuum RG1's geographic diversification will help the RG1
continue to generate power from its wind and solar power plants
without material variance, thereby allowing it to generate adequate
operating cash to service its debt obligations.

Moody's expects Continuum RG1's financial profile to improve over
the tenor of the USD notes, given that its senior debt will decline
under the scheduled debt amortization and the mandatory cash sweep.
The declining senior debt will also likely improve Continuum RG1's
financial buffer against variable commercial and industrial
tariffs.

Moody's projects Continuum RG1's average adjusted FFO/senior debt
to stay at 10%-12% during the tenor of the notes. The ratio will
steadily improve to low-to-mid teens from high-single digit
percentages during the tenor of the USD notes, mainly because of a
gradually declining USD bond balance. Moody's forecasts Continuum
RG1's debt service coverage ratio (DSCR) will remain within the
range of 1.5x-1.7x.

These metrics are within Moody's expectation for a Ba2 rating.

Nevertheless, Continuum RG1's credit quality is constrained by its
high exposure to competition and price risk in Gujarat and Tamil
Nadu, which can weaken the RG1's cash flow visibility. Power
generated from the remaining 49% is sold to commercial and
industrial customers (C&I) at variable tariffs with shorter lock-in
periods of one to three years under power purchase agreements
(PPA).

However, Moody's expects Continuum RG1 to remain resilient to
competition and repricing risk over the next 12-18 months, mainly
because of its customer diversity comprising around 89 C&I
customers in Gujarat and Tamil Nadu.

Continuum RG1's credit quality also factors in the RG1's exposure
to financially weak state-owned distribution companies (Discoms) in
Maharashtra and Madhya Pradesh, whose payment delays have required
working capital needs. The RG1 sells power generated from around
51% of its capacity to the Discoms at fixed tariffs under long-term
PPAs.

Morgan Stanley, the major project sponsor since 2012, plans to
partly or fully monetize its majority stake in CGEL, held by the
Morgan Stanley-managed Fund, during the tenor of the USD notes,
subject to availability of potential investors and satisfactory
terms. This move creates uncertainty around the major sponsor
profile of Continuum RG1, which is partly tempered by the
experienced management team.

Moody's assesses that the mandatory cash sweep — along with
CGEL's growing asset portfolio, which can be input into the RG1 to
support its refinancing, if needed, — mitigates refinancing risk.
Such refinancing risk can emerge particularly if repricing risk or
contract renewal risk, or both, increase during the tenor of the
notes.

The rating of the proposed USD notes also takes into account
Continuum Energy Levanter's plan to hedge its foreign exchange (FX)
exposure through call-spread hedges for all principal, coupon and
mandatory cash sweep payments based on from spot to at least
at-the-money-forward rates throughout the tenor of the notes.
However, the principal, coupon and mandatory cash sweep payments
will be hedged only to these levels during the amortization period
under the current plan, although CGEL will likely ensure that
Continuum Energy Levanter will secure funds sufficient to serve its
debt obligations from the restricted subsidiaries in India.

In terms of environmental, social, and governance (ESG) factors,
Continuum RG1 benefits from positive macroeconomic and sectoral
trends in renewable energy. The RG1's renewable energy business is
aligned with India's target to reduce its carbon footprint and meet
its nationally determined contributions.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

The stable outlook reflects Moody's expectation that Continuum
RG1's performance is unlikely to change materially over the next
12-18 months relative to Moody's base case expectation.

Moody's could upgrade the rating if Continuum RG1's FFO/senior debt
improves to 14% or above on a sustained basis. In addition, upward
rating momentum could occur if CGEL's sponsor profile materially
improves following Morgan Stanley's potential exit, thereby
positively affecting the RG1's business and financial profiles.

Moody's could downgrade the rating if Continuum RG1's FFO/senior
debt declines to 8% or below on a sustained basis. In addition,
downgrade rating pressure could build up if Continuum Energy
Levanter's FX exposure is higher than Moody's expectation such that
it will have insufficient headroom against unfavorable FX
movements. The rating could also come under pressure, if CGEL's
sponsor profile materially weakens as a result of Morgan Stanley's
potential exit, worsening the RG1's business and financial
profiles.

The principal methodology used in this rating was Power Generation
Projects Methodology published in July 2020.

Continuum RG1 -- comprising the issuer of the senior notes and the
Indian operating subsidiaries -- owns and operates 722.9 megawatts
(MW) of power plants -- 644.1 MW wind and 78.8 MW solar -- across
the four states of Maharashtra, Madhya Pradesh, Tamil Nadu and
Gujarat. Continuum RG1 will be owned by Continuum Green Energy
Limited, Singapore (CGEL, formerly known as Continuum Wind Energy
Limited) through Continuum Green Energy (India) Pvt Ltd, which is
an India-based holdco.

Continuum Green Energy Ltd. Singapore (CGEL), a holding company
based in Singapore, has operational wind and solar power plants of
757 MW generating capacity, 154 MW under construction and 150 MW
ready to construct on a consolidated basis in the four states. CGEL
aims at increasing its total capacity to 2,000-2,100 MW over the
next couple of years. CGEL is 83% owned by Clean Energy Investing
Ltd, Singapore (Morgan Stanley Infrastructure Partners) on a
fully-diluted basis and 17% by the founders.

SEN YUE: In CAD Probe; Chairman Suspended from Executive Functions
------------------------------------------------------------------
Vivienne Tay at The Business Times reports that catalist-listed Sen
Yue Holdings has been ordered by the Commercial Affairs Department
(CAD) on Jan. 27 to produce certain documents and information for
the financial years ended Sept. 30, 2015 to 2020.

This is in relation to offences under the Penal Code (Cap 224) and
the Securities and Futures Act (Cap 289) according to the Criminal
Procedure Code, the waste-management group said in a bourse filing,
BT relays.

According to BT, the move came after Sen Yue chief executive and
executive director Neo Gim Kiong, and audit committee chairman Chim
Suan Kit Mark filed a report with the CAD on Jan. 5 over matters
highlighted in a recent independent review.

BT relates that the review, conducted by Foo Kon Tan Advisory
Services (FKT), supposedly found that customers of Sen Yue's
wholly-owned subsidiary SMC Industrial (SMCI) had ties to executive
chairman Koh Mia Seng.

SMCI provides industrial waste solutions in Asia, with a niche in
electronic-waste management and recycling solutions.

The FKT report noted certain non-disclosure of interested person
transactions. The accounting firm recommended the company lodge a
report with the appropriate authorities and request said
authorities to carry out a full investigation.

FKT said there are reasons to believe there are certain fraudulent
and/or fictitious transactions, as well as a high risk that some
transactions between SMCI and certain companies may be fraudulent
and/or fictitious, according to BT. There is also evidence that
criminal offences may have been committed, FKT said.

Mr. Koh was suspended from all executive functions on Jan. 8 and
redesignated as non-executive chairman on Jan. 13. Mr. Neo has
taken on Mr. Koh's duties and responsibilities in the group.

BT says the group's nominating committee considered Mr. Koh's
responses to the FKT report findings unsatisfactory. Hence, it
believes Mr. Koh is not suitable to remain as a director of the
company and its subsidiaries as the report findings "put into
question his character and integrity", Sen Yue said.

Mr. Koh and certain SMCI staff - Koh Wen An and Priscilla Loh -
were interviewed by CAD officers on Jan. 27, says BT.  Sen Yue has
not been informed by these parties if there were any formal charges
or arrests, whether or not their passports have been impounded and
whether or not there were any restrictions or conditions imposed by
the CAD.

BT adds that the group said it intends to fully cooperate with the
CAD to assist in the investigation. Its nominating committee is
also consulting with bourse watchdog Singapore Exchange Regulation
about removing Mr. Koh from the board.

"While the CAD investigation has no direct impact on the group's
operations in light of Mr. Koh's redesignation to non-executive
chairman, the group still faces challenges in its business
operations arising from the amounts due and outstanding to SMCI's
creditors," Sen Yue, as cited by BT, said.

It added that its board is preparing an update to shareholders
about the report findings and an executive summary of the FKT
report and Mr. Koh's responses. It will release a further
announcement on the matter, BT notes.

                           About Sen Yue

Sen Yue Holdings Limited is an investment holding company. The
Company is principally engaged in three business verticals: e-waste
management solutions, commodities trading, and surface coating and
related services. The Company provides holistic e-waste management
solutions to local and overseas customers. It offers e-waste
management solutions in Singapore to recycle lithium-ion batteries.
The Company's commodities trading and processing business
activities is an extension of its e-waste management business by
creating new value in metal scraps. Its surface coating and related
services offer protection from corrosion and extend the service
life of its customers' products and components, while staying
environmentally friendly.

SEN YUE: Wholly-owned Unit Gets Letter of Demand from DBS
---------------------------------------------------------
Vivienne Tay at The Business Times reports that catalist-listed Sen
Yue Holdings said its wholly-owned subsidiary SMC Industrial (SMCI)
received a letter of demand from DBS's lawyers on Jan. 27.

BT says the letter noted that events of default have occurred under
the various banking facilities granted by the bank to SMCI. DBS has
recalled these banking facilities.

SMCI owes DBS around SGD5.9 million and has about US$9 million
outstanding, plus all accrued interest and legal costs on an
indemnity basis. The bank has demanded these sums be paid within
three weeks or SMCI will be liable to be compulsorily wound up, BT
notes.

BT relates that Sen Yue said it is in discussions with DBS on
suitable repayment proposals and the company will update
shareholders as and when further material developments occur.

In October last year, SP PowerAssets sent a second letter of demand
to SMCI to pay an aggregate balance outstanding sum of close to
SGD7.5 million and any accrued interest for late payment of this
amount, BT recalls.

Sen Yue called for a trading halt in end-April 2020, before
converting it to a suspension in May. Its shares last traded at 2.2
Singapore cents on April 27, BT notes.

                           About Sen Yue

Sen Yue Holdings Limited is an investment holding company. The
Company is principally engaged in three business verticals: e-waste
management solutions, commodities trading, and surface coating and
related services. The Company provides holistic e-waste management
solutions to local and overseas customers. It offers e-waste
management solutions in Singapore to recycle lithium-ion batteries.
The Company's commodities trading and processing business
activities is an extension of its e-waste management business by
creating new value in metal scraps. Its surface coating and related
services offer protection from corrosion and extend the service
life of its customers' products and components, while staying
environmentally friendly.



=====================
S O U T H   K O R E A
=====================

SSANGYONG MOTOR: Prepares to File for Prepackaged Bankruptcy
------------------------------------------------------------
Pulse by Maeil Business News Korea reports that SsangYong Motor Co.
is prepping to file for a prepackaged bankruptcy, a speedier
turnaround with the help of creditors, after winding up talks with
a new potential investor.

According to the report, SsangYong Motor CEO Yea Byung-tae said the
company would be drawing up a prepackaged prospectus with HAAH
Automotive Holdings, a candidate to buy stake from Indian parent
Mahindra & Mahindra, according to industry sources on Jan. 28.

A prepackaged bankruptcy was instituted in 2016 in Korea to
expedite court process for a corporate turnaround when deemed the
company is savable, the report notes. It requires approval from
creditors as they would have to write off existing debts or
shoulder new funding.

Whether the main creditor Korea Development Bank will accept the
plan however is uncertain, Pulse says. The state-led bank earlier
warned that SsangYong could not receive any additional funding
unless the union promises not to strike until business
normalization by stretching the binding period for the collective
bargaining terms to three years instead of annual renewal.

Originally the automaker was given Feb. 28 as deadline to solve its
default crisis and avoid the court-led receivership, the report
states. Mahindra & Mahindra and HAAH Automotive Holdings have not
reached an agreement for stake sale.

SsangYong Motor has debt obligations of KRW180-200 billion
($161.7-179.6 million) promissory notes due on Friday to its parts
suppliers, Pulse discloses.

Amid stalled talks, the government on Jan. 29 decided to provide
financial aids to the parts suppliers of SsangYong under trouble
due to delayed payment dues, Pulse reports. State-run banks and
funds will allow rollover of their existing loans.

                       About Ssangyong Motor

Headquartered in Kyeonggi-Do, South Korea, Ssangyong Motor Co. Ltd.
engages in the manufacture and sale of automobiles. The Company
mainly manufactures and sells recreational vehicles (RVs), sports
utility vehicles (SUVs), multi-purpose vehicles (CDVs) and
passenger cars under the brand name of rexton sports, korando,
korando sports, korando turismo, tivoli, tivoli air and others. The
Company also provides automobile parts. The Company distributes its
products within domestic market and to overseas markets.

SsangYong Motor Co. on Dec. 21, 2020, filed for court receivership
as it struggles with snowballing debts amid the COVID-19 pandemic,
according to Yonhap News Agency. The decision comes after SsangYong
Motor, the South Korean unit of Indian carmaker Mahindra & Mahindra
Ltd., failed to pay KRW60 billion (US$54.8 million) worth of debts
to its three creditor banks.

The company received a three-month suspension of its obligation to
pay its debts, as it aims to find a new investor during the period
before the court-led restructuring begins on Feb. 28, Yonhap said.




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

[*] BOND PRICING: For the Week Jan. 25, 2021 to Jan. 29, 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
CLEAN SEAS SEAFOOD LTD      8.00    11/18/22       AUD       1.06
CLIME CAPITAL LTD/FUND      6.25    11/30/21       AUD       0.98
GLENNON SMALL COS LTD       5.60    09/30/30       AUD      10.43
PALADIN ENERGY LTD         10.00    02/01/23       USD      66.38
PALADIN ENERGY LTD         10.00    02/01/23       USD      66.38
VIRGIN AUSTRALIA HOLDIN     7.88    10/15/21       USD       8.30
VIRGIN AUSTRALIA HOLDIN     7.88    10/15/21       USD       8.50
VIRGIN AUSTRALIA HOLDIN     8.25    05/30/23       AUD       8.39
VIRGIN AUSTRALIA HOLDIN     8.08    03/05/24       AUD       9.39
VIRGIN AUSTRALIA HOLDIN     8.13    11/15/24       USD       8.42
VIRGIN AUSTRALIA HOLDIN     8.13    11/15/24       USD       8.63
VIRGIN AUSTRALIA HOLDIN     8.00    11/26/24       AUD       5.02


   CHINA
   -----

AKESU DISTRICT GREEN IN     4.09    03/11/23       CNY      59.56
AKESU DISTRICT GREEN IN     4.09    03/11/23       CNY      59.63
AKESU XINCHENG ASSET IN     6.40    04/20/22       CNY      40.15
AKESU XINCHENG ASSET IN     6.40    04/20/22       CNY      40.24
ALTAY PREFECTURE STATE-     4.85    01/22/23       CNY      37.70
ALTAY PREFECTURE STATE-     4.85    01/22/23       CNY      39.28
AN SHUN YU KUN REAL EST     5.48    11/10/21       CNY      39.99
ANHUI HUAAN FOREIGN ECO     7.30    07/13/21       CNY      70.01
ANHUI JIANGNAN INDUSTRI     4.76    07/08/23       CNY      59.09
ANHUI JIANGNAN INDUSTRI     4.76    07/08/23       CNY      59.22
ANJI COUNTY STATE-OWNED     8.30    04/24/21       CNY      20.14
ANJI COUNTY STATE-OWNED     8.30    04/24/21       CNY      24.57
ANJI NORTHWEST DEVELOPM     5.90    07/18/23       CNY      59.84
ANJI NORTHWEST DEVELOPM     5.90    07/18/23       CNY      60.03
ANLU CONSTRUCTION DEVEL     5.45    06/15/23       CNY      59.69
ANLU CONSTRUCTION DEVEL     5.45    06/15/23       CNY      59.70
ANQING ECONOMIC&TECHNOL     4.09    03/09/23       CNY      59.50
ANQING ECONOMIC&TECHNOL     4.09    03/09/23       CNY      59.73
ANQING URBAN CONSTRUCTI     6.01    04/27/22       CNY      40.00
ANQING URBAN CONSTRUCTI     6.01    04/27/22       CNY      40.66
ANQIU HUAAN STATE OWNED     7.00    09/14/24       CNY      75.00
ANSHUN CITY CONSTRUCTIO     7.30    09/15/24       CNY      59.18
ANSHUN STATE-RUN ASSETS     4.48    07/18/23       CNY      56.19
ANSHUN STATE-RUN ASSETS     4.48    07/18/23       CNY      56.53
ANSHUN XIXIU CITY INVES     4.70    11/22/23       CNY      57.02
ANSHUN XIXIU CITY INVES     4.70    11/22/23       CNY      58.74
BANK OF CHINA LTD/PARIS     0.95    09/21/23       USD      50.00
BAOJI HI-TECH INDUSTRIA     8.25    04/21/21       CNY      20.00
BAOJI HI-TECH INDUSTRIA     8.25    04/21/21       CNY      20.12
BAOTOU CITY SCIENCE EDU     6.48    03/25/22       CNY      40.08
BAOTOU CITY SCIENCE EDU     6.48    03/25/22       CNY      45.50
BAOYING CITY CONSTRUCTI     4.50    03/24/23       CNY      59.94
BAOYING CITY CONSTRUCTI     4.50    03/24/23       CNY      60.17
BAYAN ZHUOER HETAO WATE     8.54    03/31/22       CNY      30.70
BAZHONG STATE-OWNED ASS     8.50    04/25/21       CNY      20.06
BAZHONG STATE-OWNED ASS     8.50    04/25/21       CNY      20.35
BAZHONG STATE-OWNED ASS     5.13    12/02/22       CNY      38.68
BAZHONG STATE-OWNED ASS     5.13    12/02/22       CNY      40.00
BEIJING CAPITAL DEVELOP     6.50    02/27/21       CNY      20.05
BEIJING CHANGXIN CONSTR     6.74    04/22/21       CNY      20.19
BEIJING CHANGXIN CONSTR     6.74    04/22/21       CNY      20.37
BEIJING CULTURAL INVEST     5.10    04/28/22       CNY      67.00
BEIJING FUTURE SCIENCE      4.20    08/13/22       CNY      40.10
BEIJING FUTURE SCIENCE      4.20    08/13/22       CNY      40.26
BEIJING HAIDIAN STATE-O     5.40    12/26/21       CNY      64.10
BEIJING HAIDIAN STATE-O     5.20    03/08/22       CNY      63.58
BEIJING SHIJINGSHAN STA     6.08    08/18/21       CNY      20.31
BEIJING SHIJINGSHAN STA     6.08    08/18/21       CNY      23.87
BEIJING XINCHENG INFRAS     7.50    04/21/21       CNY      20.18
BEIJING XINCHENG INFRAS     7.50    04/21/21       CNY      20.20
BEIJING XINGZHAN INVEST     6.66    04/24/21       CNY      20.13
BEIJING XINGZHAN INVEST     6.66    04/24/21       CNY      20.20
BEIPIAO CITY CONSTRUCTI     6.70    03/25/23       CNY      60.51
BEIPIAO CITY CONSTRUCTI     6.70    03/25/23       CNY      61.22
BENGBU GAOXIN INVESTMEN     8.70    04/17/21       CNY      20.00
BENGBU GAOXIN INVESTMEN     8.70    04/17/21       CNY      20.11
BENXI URBAN CONSTRUCTIO     6.24    01/22/22       CNY      19.76
BENXI URBAN CONSTRUCTIO     6.24    01/22/22       CNY      20.00
BIJIE CONSTRUCTION INVE     6.50    01/28/22       CNY      40.24
BIJIE CONSTRUCTION INVE     6.50    01/28/22       CNY      45.65
BIJIE DEXI CONSTRUCTION     4.60    11/17/23       CNY      57.22
BIJIE DEXI CONSTRUCTION     4.60    11/17/23       CNY      58.70
BIJIE DEXI CONSTRUCTION     5.10    12/05/23       CNY      54.02
BIJIE DEXI CONSTRUCTION     5.10    12/05/23       CNY      59.21
BIJIE KAIYUAN CONSTRUCT     7.78    02/25/21       CNY      20.01
BIJIE KAIYUAN CONSTRUCT     7.78    02/25/21       CNY      30.00
BINZHOU ZHANHUA DISTRIC     4.93    11/29/23       CNY      57.71
BINZHOU ZHANHUA DISTRIC     4.93    11/29/23       CNY      58.32
BINZHOU ZHONGHAI VENTUR     6.65    04/13/22       CNY      40.00
BINZHOU ZHONGHAI VENTUR     6.65    04/13/22       CNY      40.26
BOHAI LEASING CO LTD        7.00    06/20/21       CNY      50.00
BOHAI LEASING CO LTD        7.00    09/10/21       CNY      56.20
BORALA MONGOL AUTONOMOU     5.77    08/26/22       CNY      39.00
BORALA MONGOL AUTONOMOU     5.77    08/26/22       CNY      40.04
BOZHOU URBAN CONSTRUCTI     4.78    04/14/23       CNY      59.41
BOZHOU URBAN CONSTRUCTI     4.78    04/14/23       CNY      60.27
BOZHOU YIJU REAL ESTATE     4.82    10/27/21       CNY      49.52
BOZHOU YIJU REAL ESTATE     4.82    10/27/21       CNY      49.66
BRILLIANCE AUTO GROUP H     5.30    10/23/20       CNY      68.50
BRILLIANCE AUTO GROUP H     6.50    01/22/22       CNY      68.50
BRILLIANCE AUTO GROUP H     6.50    03/13/22       CNY      68.50
BRILLIANCE AUTO GROUP H     6.50    04/18/22       CNY      68.50
BRILLIANCE AUTO GROUP H     6.50    06/03/22       CNY      68.50
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     6.30    09/14/23       CNY      68.50
BRILLIANCE AUTO GROUP H     5.80    11/05/23       CNY      59.80
BRILLIANCE AUTO GROUP H     5.80    11/05/23       CNY      68.50
BRILLIANCE AUTO GROUP H     5.80    03/20/24       CNY      54.80
BRILLIANCE AUTO GROUP H     5.80    06/17/24       CNY      60.78
CANGNAN COUNTY STATE OW     5.58    11/11/22       CNY      40.00
CANGNAN COUNTY STATE OW     5.58    11/11/22       CNY      40.41
CEFC SHANGHAI INTERNATI     4.98    12/10/20       CNY      61.29
CEFC SHANGHAI INTERNATI     4.08    09/09/21       CNY      60.00
CHANG DE DING LI INDUST     4.30    03/10/23       CNY      59.82
CHANG DE DING LI INDUST     4.30    03/10/23       CNY      59.87
CHANGCHUN MODERN AGRICU     7.00    07/25/21       CNY      19.33
CHANGCHUN MODERN AGRICU     7.00    07/25/21       CNY      19.50
CHANGDE DE YUAN SHANTY      5.33    09/13/23       CNY      66.41
CHANGDE ECONOMIC CONSTR     7.00    03/24/21       CNY      20.08
CHANGDE URBAN CONSTRUCT     3.59    01/12/23       CNY      39.91
CHANGDE URBAN CONSTRUCT     3.59    01/12/23       CNY      40.00
CHANGJI URBAN CONSTRUCT     4.24    11/18/23       CNY      58.21
CHANGJI URBAN CONSTRUCT     4.24    11/18/23       CNY      58.26
CHANGLE COUNTY NEWTOWN      5.18    12/16/22       CNY      39.87
CHANGLE COUNTY NEWTOWN      5.18    12/16/22       CNY      40.41
CHANGSHA COUNTY XINGCHE     7.90    03/25/22       CNY      41.12
CHANGSHA COUNTY XINGCHE     7.90    03/25/22       CNY      41.12
CHANGSHA ECONOMIC & TEC     8.45    04/13/22       CNY      30.52
CHANGSHA FURONG CITY DE     3.88    01/26/23       CNY      60.26
CHANGSHA FURONG CITY DE     3.88    01/26/23       CNY      60.67
CHANGSHA METRO GROUP CO     6.20    04/23/23       CNY      46.35
CHANGSHA METRO GROUP CO     5.97    04/03/25       CNY      73.41
CHANGSHA METRO GROUP CO     5.97    04/03/25       CNY      73.60
CHANGSHA METRO GROUP CO     5.40    07/14/25       CNY      70.00
CHANGSHA METRO GROUP CO     5.40    07/14/25       CNY      72.67
CHANGSHA METRO GROUP CO     4.10    12/21/25       CNY      70.00
CHANGSHA METRO GROUP CO     4.10    12/21/25       CNY      70.56
CHANGSHA TIANXIN CITY C     4.20    11/06/22       CNY      39.82
CHANGSHA TIANXIN CITY C     4.20    11/06/22       CNY      40.10
CHANGSHA TIANXIN CITY C     3.43    08/08/23       CNY      59.03
CHANGSHA TIANXIN CITY C     3.43    08/08/23       CNY      59.13
CHANGSHA YUHUA JINGKAI      4.17    09/06/23       CNY      59.04
CHANGSHA YUHUA JINGKAI      4.17    09/06/23       CNY      59.30
CHANGSHA YUHUA URBAN CO     7.17    04/18/21       CNY      20.12
CHANGSHA YUHUA URBAN CO     7.17    04/18/21       CNY      24.00
CHANGSHA YUHUA URBAN CO     3.80    01/28/23       CNY      59.92
CHANGSHA YUHUA URBAN CO     3.80    01/28/23       CNY      59.98
CHANGSHU BINJIANG URBAN     6.39    09/11/21       CNY      20.00
CHANGSHU BINJIANG URBAN     6.39    09/11/21       CNY      20.16
CHANGSHU DONGNAN ASSET      6.53    03/26/22       CNY      40.49
CHANGSHU DONGNAN ASSET      6.53    03/26/22       CNY      47.32
CHANGSHU TRANSPORTATION     7.00    04/29/21       CNY      20.20
CHANGSHU TRANSPORTATION     7.00    04/29/21       CNY      27.00
CHANGXING URBAN CONSTRU     6.00    12/03/21       CNY      19.00
CHANGXING URBAN CONSTRU     6.00    12/03/21       CNY      20.27
CHANGZHOU PUBLIC HOUSIN     6.64    07/02/21       CNY      20.07
CHANGZHOU PUBLIC HOUSIN     6.64    07/02/21       CNY      20.07
CHANGZHOU TIANNING CONS     6.48    02/12/22       CNY      40.00
CHANGZHOU TIANNING CONS     6.48    02/12/22       CNY      40.49
CHANGZHOU XINGANG ECONO     3.42    10/20/23       CNY      59.39
CHANGZHOU XINGANG ECONO     3.42    10/20/23       CNY      59.40
CHANGZHOU ZHONGLOU ECON     3.64    10/26/23       CNY      59.18
CHANGZHOU ZHONGLOU ECON     3.64    10/26/23       CNY      59.42
CHAOHU URBAN TOWN CONST     6.50    04/30/22       CNY      40.68
CHAOHU URBAN TOWN CONST     6.50    04/30/22       CNY      42.10
CHENGDU ECONOMIC & TECH     6.90    05/30/21       CNY      20.22
CHENGDU ECONOMIC & TECH     6.90    05/30/21       CNY      26.00
CHENGDU GARDEN WATER CI     6.15    05/03/23       CNY      59.76
CHENGDU GARDEN WATER CI     6.15    05/03/23       CNY      60.20
CHENGDU LONGBO INVESTME     8.10    04/24/21       CNY      20.11
CHENGDU LONGBO INVESTME     8.10    04/24/21       CNY      20.45
CHENGDU PIDU DISTRICT S     6.95    04/01/22       CNY      40.44
CHENGDU PIDU DISTRICT S     6.95    04/01/22       CNY      48.83
CHENGDU SHUZHOU CITY CO     6.58    05/26/22       CNY      40.26
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      40.51
CHENGDU XINGJIN ECOLOGI     3.65    10/13/23       CNY      58.72
CHENGDU XINGJIN ECOLOGI     3.65    10/13/23       CNY      59.45
CHENGDU XINKAIYUAN URBA     7.43    08/12/21       CNY      20.11
CHENGDU XINKAIYUAN URBA     7.43    08/12/21       CNY      21.00
CHENGDU XINKAIYUAN URBA     5.29    04/27/23       CNY      59.57
CHENGDU XINKAIYUAN URBA     5.29    04/27/23       CNY      59.60
CHENGFA INVESTMENT GROU     6.87    04/30/21       CNY      20.16
CHENGFA INVESTMENT GROU     6.87    04/30/21       CNY      21.37
CHENZHOU BAIFU INVESTME     6.54    08/28/21       CNY      19.66
CHENZHOU BAIFU INVESTME     6.54    08/28/21       CNY      20.00
CHENZHOU BAIFU INVESTME     4.96    03/22/26       CNY      72.01
CHENZHOU BAIFU INVESTME     4.96    03/22/26       CNY      72.88
CHENZHOU FUCHENG HIGH T     4.73    01/22/23       CNY      39.33
CHENZHOU FUCHENG HIGH T     4.73    01/22/23       CNY      59.76
CHENZHOU INDUSTRY INVES     6.45    01/23/22       CNY      39.82
CHENZHOU INDUSTRY INVES     6.45    01/23/22       CNY      48.60
CHENZHOU WENLV INDUSTRY     5.34    11/28/23       CNY      59.51
CHENZHOU XINTIAN INVEST     5.38    03/08/26       CNY      67.73
CHENZHOU XINTIAN INVEST     5.38    03/08/26       CNY      73.48
CHIBI LANTIAN URBAN CON     4.38    08/10/23       CNY      58.92
CHIBI LANTIAN URBAN CON     4.38    08/10/23       CNY      59.00
CHINA FORTUNE LAND DEVE     5.80    05/23/22       CNY      28.00
CHINA FORTUNE LAND DEVE     5.00    05/30/22       CNY      68.15
CHINA FORTUNE LAND DEVE     5.50    03/23/25       CNY      27.50
CHINA FORTUNE LAND DEVE     5.17    04/20/25       CNY      25.00
CHINA OCEANWIDE HOLDING     8.90    12/13/21       CNY      62.00
CHINA SECURITY CO LTD       4.45    11/11/19       CNY      31.00
CHINA YIXING ENVIRONMEN     4.08    09/14/23       CNY      59.36
CHINA YIXING ENVIRONMEN     4.08    09/14/23       CNY      59.44
CHONGQIN BAIYAN INVESTM     5.75    05/03/23       CNY      60.58
CHONGQIN BAIYAN INVESTM     5.75    05/03/23       CNY      60.67
CHONGQIN XINLIANG INVES     4.76    08/26/23       CNY      56.91
CHONGQIN XINLIANG INVES     4.76    08/26/23       CNY      57.48
CHONGQING BANAN ECONOMI     7.00    08/20/21       CNY      20.00
CHONGQING BANAN ECONOMI     7.00    08/20/21       CNY      20.20
CHONGQING BANAN ECONOMI     6.17    03/13/22       CNY      39.20
CHONGQING BANAN ECONOMI     6.17    03/13/22       CNY      40.21
CHONGQING BAYUAN CONSTR     4.99    08/16/23       CNY      57.76
CHONGQING BISHAN DISTRI     4.93    03/29/23       CNY      59.92
CHONGQING BISHAN DISTRI     4.93    03/29/23       CNY      59.96
CHONGQING CHANGSHOU ECO     7.20    07/15/21       CNY      20.13
CHONGQING CHANGSHOU ECO     7.20    07/15/21       CNY      20.17
CHONGQING CHANGSHOU ECO     7.10    06/19/21       CNY      20.00
CHONGQING CHANGSHOU ECO     7.10    06/19/21       CNY      20.04
CHONGQING DAZU INDUSTRI     6.30    04/28/22       CNY      40.00
CHONGQING DAZU INDUSTRI     6.30    04/28/22       CNY      40.19
CHONGQING ECO&TECH DEVE     3.95    04/13/23       CNY      59.73
CHONGQING ECO&TECH DEVE     3.95    04/13/23       CNY      60.05
CHONGQING FULING DISTRI     7.89    03/20/21       CNY      20.09
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      40.28
CHONGQING GAOXIN ZONE D     7.80    04/25/21       CNY      20.21
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      20.28
CHONGQING HAOJIANG CONS     8.05    03/06/21       CNY      20.00
CHONGQING HAOJIANG CONS     8.05    03/06/21       CNY      20.06
CHONGQING HECHUAN CITY      7.30    07/07/21       CNY      20.30
CHONGQING HECHUAN CITY      7.30    07/07/21       CNY      21.00
CHONGQING HECHUAN CITY      3.95    09/06/23       CNY      59.56
CHONGQING HECHUAN CITY      3.95    09/06/23       CNY      59.67
CHONGQING JIANGBEIZUI C     6.50    07/21/21       CNY      20.18
CHONGQING JIN TONG INDU     4.44    11/16/23       CNY      56.76
CHONGQING JIN TONG INDU     4.44    11/16/23       CNY      57.59
CHONGQING JINYUN ASSET      4.50    12/31/22       CNY      39.85
CHONGQING JINYUN ASSET      4.50    12/31/22       CNY      39.89
CHONGQING JIULONG HI-TE     6.60    08/19/21       CNY      20.10
CHONGQING JIULONG HI-TE     6.60    08/19/21       CNY      20.26
CHONGQING KAIQIAN INVES     4.64    03/21/23       CNY      59.18
CHONGQING KAIQIAN INVES     4.64    03/21/23       CNY      59.29
CHONGQING LAND PROPERTI     3.36    03/21/23       CNY      60.06
CHONGQING LAND PROPERTI     3.36    03/21/23       CNY      60.10
CHONGQING LIANGJIANG NE     3.60    04/19/21       CNY      40.03
CHONGQING LIANGJIANG NE     3.60    04/19/21       CNY      40.60
CHONGQING LIANGJIANG NE     6.70    04/25/21       CNY      20.15
CHONGQING LIANGJIANG NE     6.70    04/25/21       CNY      20.45
CHONGQING LIANGJIANG NE     3.10    08/05/21       CNY      39.70
CHONGQING LIANGJIANG NE     3.10    08/05/21       CNY      39.88
CHONGQING LIANGJIANG NE     5.88    09/16/21       CNY      20.29
CHONGQING MAIRUI URBAN      4.95    04/21/23       CNY      60.44
CHONGQING MAIRUI URBAN      4.95    04/21/23       CNY      60.47
CHONGQING NANCHUAN CITY     4.20    07/11/23       CNY      58.94
CHONGQING NANCHUAN CITY     4.20    07/11/23       CNY      59.04
CHONGQING QIANJIANG CIT     8.00    03/21/21       CNY      20.00
CHONGQING QIANJIANG CIT     8.00    03/21/21       CNY      20.04
CHONGQING QIJIANG EAST      4.00    09/05/23       CNY      58.03
CHONGQING QIJIANG EAST      4.00    09/05/23       CNY      58.28
CHONGQING SHUANGQIAO EC     5.99    11/19/21       CNY      19.90
CHONGQING SHUANGQIAO EC     5.99    11/19/21       CNY      26.25
CHONGQING TAX FREE PORT     7.50    04/24/21       CNY      20.13
CHONGQING TAX FREE PORT     7.50    04/24/21       CNY      21.70
CHONGQING TEA GARDEN IN     7.70    05/20/21       CNY      20.11
CHONGQING TONGLIANG JIN     6.59    04/08/22       CNY      40.00
CHONGQING TONGLIANG JIN     6.59    04/08/22       CNY      40.35
CHONGQING TONGNAN DISTR     4.99    12/31/22       CNY      39.69
CHONGQING TONGNAN DISTR     4.99    12/31/22       CNY      40.00
CHONGQING WANSHENG ECO      8.19    04/08/21       CNY      20.09
CHONGQING WANSHENG ECO      8.19    04/08/21       CNY      23.90
CHONGQING WANSHENG ECO      6.95    08/25/21       CNY      20.12
CHONGQING WANSHENG ECO      6.95    08/25/21       CNY      25.00
CHONGQING WANSHENG ECO      5.40    11/18/21       CNY      39.43
CHONGQING WANZHOU SANXI     4.95    08/25/22       CNY      40.18
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      20.33
CHONGQING XIYONG MICRO-     6.58    07/25/21       CNY      22.33
CHONGQING YONGCHUAN HUI     7.28    05/30/21       CNY      20.18
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      40.54
CHONGQING YUNAN ASSET M     7.05    06/17/21       CNY      20.18
CHONGQING YUNAN ASSET M     7.05    06/17/21       CNY      20.76
CHONGQING YUZHONG STATE     7.25    02/26/21       CNY      20.08
CHUN'AN XINANJIANG DEVE     6.10    03/11/22       CNY      40.35
CHUN'AN XINANJIANG DEVE     6.10    03/11/22       CNY      44.55
CHUN'AN XINANJIANG DEVE     3.84    11/04/23       CNY      58.83
CHUN'AN XINANJIANG DEVE     3.84    11/04/23       CNY      58.94
CHUZHOU CITY CONSTRUCTI     6.40    08/22/21       CNY      20.00
CHUZHOU CITY CONSTRUCTI     6.40    08/22/21       CNY      20.33
CHUZHOU CITY CONSTRUCTI     6.30    11/30/21       CNY      30.58
CITIC GUOAN GROUP CORP      4.90    11/06/19       CNY      18.25
CITIC GUOAN GROUP CORP      5.80    12/15/19       CNY      18.25
CITIC GUOAN GROUP CORP      4.23    12/15/20       CNY      18.25
CITIC GUOAN GROUP CORP      4.49    03/08/21       CNY      89.00
CIXI CITY CONSTRUCTION      6.18    08/18/21       CNY      20.25
CIXI CITY CONSTRUCTION      6.18    08/18/21       CNY      28.80
CULTURAL INVESTMENT HOL     5.45    10/26/22       CNY      55.00
DAFANG COUNTY CONSTRUCT     6.00    09/26/23       CNY      58.31
DAFANG COUNTY CONSTRUCT     6.00    09/26/23       CNY      59.17
DALI ECONOMIC DEVELOPME     7.90    03/04/21       CNY      20.00
DALI ECONOMIC DEVELOPME     7.90    03/04/21       CNY      20.04
DALI HAIDONG DEVELOPMEN     6.01    01/25/23       CNY      40.05
DALI HAIDONG DEVELOPMEN     6.01    01/25/23       CNY      59.82
DALIAN PULANDIAN CONSTR     3.80    01/25/23       CNY      59.61
DALIAN PULANDIAN CONSTR     3.80    01/25/23       CNY      60.00
DALIAN RONGDA INVESTMEN     5.69    12/05/21       CNY      20.28
DALIAN RONGQIANG INVEST     7.92    04/14/21       CNY      20.09
DALIAN RONGQIANG INVEST     7.92    04/14/21       CNY      20.09
DALIAN SHITAI CITY CONS     7.09    02/20/21       CNY      19.93
DALIAN SHITAI CITY CONS     4.50    02/01/23       CNY      56.61
DALIAN SHITAI CITY CONS     4.50    02/01/23       CNY      57.32
DANDONG PORT GROUP CO L     5.50    01/27/21       CNY      59.00
DANGTU COUNTY CONSTRUCT     5.38    08/10/22       CNY      40.38
DANGTU COUNTY CONSTRUCT     5.38    08/10/22       CNY      40.45
DANGYANG XINYUAN INVEST     7.99    05/23/21       CNY      20.00
DANGYANG XINYUAN INVEST     4.97    03/29/23       CNY      59.28
DANGYANG XINYUAN INVEST     4.97    03/29/23       CNY      60.35
DANYANG HI-TECH INDUSTR     6.40    04/24/22       CNY      39.76
DANYANG HI-TECH INDUSTR     6.40    04/24/22       CNY      40.00
DANYANG INVESTMENT GROU     3.99    01/25/23       CNY      39.80
DATONG ECONOMIC CONSTRU     4.49    10/22/22       CNY      40.23
DATONG ECONOMIC CONSTRU     4.49    10/22/22       CNY      40.30
DAWA COUNTY CITY CONSTR     6.29    06/12/22       CNY      39.30
DAWA COUNTY CITY CONSTR     6.29    06/12/22       CNY      39.31
DAWA COUNTY LINGANG ECO     5.99    10/19/24       CNY      70.88
DAWA COUNTY LINGANG ECO     5.99    10/19/24       CNY      74.43
DAYE ZHENHENG CITY DEVE     7.30    03/03/21       CNY      20.03
DAYE ZHENHENG CITY DEVE     7.30    03/03/21       CNY      23.53
DAYE ZHENHENG CITY DEVE     4.50    03/28/23       CNY      58.47
DAYE ZHENHENG CITY DEVE     4.50    03/28/23       CNY      59.12
DAYE ZHENHENG CITY DEVE     4.05    08/31/23       CNY      58.15
DAYE ZHENHENG CITY DEVE     4.05    08/31/23       CNY      58.39
DAZHOU DEVELOPMENT HOLD     6.55    01/14/22       CNY      20.00
DAZHOU DEVELOPMENT HOLD     6.55    01/14/22       CNY      20.37
DAZHOU DEVELOPMENT HOLD     5.10    11/27/22       CNY      40.00
DAZHOU DEVELOPMENT HOLD     5.10    11/27/22       CNY      40.19
DAZHOU INVESTMENT CO LT     3.99    11/04/26       CNY      74.85
DEHONGZHOU HONGKANG INV     6.68    01/23/22       CNY      20.10
DEHONGZHOU HONGKANG INV     6.68    01/23/22       CNY      40.15
DEQING CONSTRUCTION INV     3.60    11/11/23       CNY      58.63
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      59.97
DEYANG ECONOMIC DEVELOP     7.90    04/28/21       CNY      20.11
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      40.78
DONGTAI STATE-OWNED ASS     3.04    11/16/23       CNY      57.13
DONGTAI UBAN CONSTRUCTI     7.58    04/23/21       CNY      20.11
DONGTAI UBAN CONSTRUCTI     7.58    04/23/21       CNY      28.48
DONGYING CITY URBAN ASS     5.57    03/31/22       CNY      40.28
DONGYING CITY URBAN ASS     5.57    03/31/22       CNY      41.58
DONGZHI COUNTY CITY OPE     4.88    06/20/23       CNY      59.94
DONGZHI COUNTY CITY OPE     4.88    06/20/23       CNY      60.05
DUJIANGYAN XINGYAN INVE     6.10    03/12/22       CNY      37.30
DUJIANGYAN XINGYAN INVE     6.10    03/12/22       CNY      39.16
DUNYUN STATE-OWNED ASSE     6.60    12/28/22       CNY      40.26
ENSHI URBAN CONSTRUCTIO     7.50    06/03/21       CNY      20.24
ENSHI URBAN CONSTRUCTIO     7.50    06/03/21       CNY      27.54
ENSHI URBAN CONSTRUCTIO     3.84    11/01/23       CNY      57.94
ENSHI URBAN CONSTRUCTIO     3.84    11/01/23       CNY      58.57
EZHOU CITY CONSTRUCTION     7.76    05/15/21       CNY      20.18
EZHOU CITY CONSTRUCTION     7.76    05/15/21       CNY      26.50
EZHOU CITY CONSTRUCTION     6.68    09/19/21       CNY      20.23
EZHOU CITY CONSTRUCTION     6.68    09/19/21       CNY      20.53
FANGCHENGGANG GANGFA HO     8.09    04/16/21       CNY      20.10
FANGCHENGGANG GANGFA HO     8.09    04/16/21       CNY      20.50
FEICHENG CITY ASSETS MA     4.04    03/23/23       CNY      59.39
FEICHENG CITY ASSETS MA     4.04    03/23/23       CNY      59.61
FEIXI COUNTY URBAN & RU     4.45    06/03/23       CNY      60.07
FEIXI COUNTY URBAN & RU     4.45    06/03/23       CNY      61.24
FENG COUNTY ECONOMIC DE     5.18    06/21/23       CNY      58.53
FENG COUNTY ECONOMIC DE     5.18    06/21/23       CNY      59.44
FENGCHENG CITY CONSTRUC     6.49    02/10/22       CNY      40.34
FENGCHENG CITY CONSTRUC     6.49    02/10/22       CNY      40.34
FENGCHENG CITY MODERN I     5.76    12/17/22       CNY      39.83
FENGCHENG CITY MODERN I     5.76    12/17/22       CNY      40.00
FENGXIAN URBAN INVESTME     4.23    07/13/21       CNY      19.85
FENGXIAN URBAN INVESTME     4.23    07/13/21       CNY      19.85
FENGXIAN URBAN INVESTME     6.48    03/20/22       CNY      40.00
FENGXIAN URBAN INVESTME     6.48    03/20/22       CNY      40.06
FENYI CITY CONSTRUCTION     4.54    08/22/23       CNY      58.83
FENYI CITY CONSTRUCTION     4.54    08/22/23       CNY      59.12
FUGUINIAO CO LTD            6.30    04/22/20       CNY      13.00
FUJIAN FUSHENG GROUP CO     7.90    11/19/21       CNY      60.00
FUJIAN FUSHENG GROUP CO     7.90    12/17/21       CNY      70.99
FUJIAN JINJIANG INDUSTR     7.08    06/27/21       CNY      20.25
FUJIAN JINJIANG INDUSTR     7.08    06/27/21       CNY      20.65
FUJIAN JINJIANG URBAN C     3.35    08/24/23       CNY      59.71
FUJIAN JINJIANG URBAN C     3.35    08/24/23       CNY      59.86
FUJIAN PROVINCE LIANJIA     6.29    04/30/22       CNY      40.00
FUJIAN PROVINCE LIANJIA     6.29    04/30/22       CNY      40.44
FUJIAN ZHANGLONG GROUP      4.99    08/07/22       CNY      40.00
FUJIAN ZHANGLONG GROUP      4.99    08/07/22       CNY      40.48
FUNING URBAN INVESTMENT     7.19    08/15/21       CNY      20.35
FUNING URBAN INVESTMENT     7.19    08/15/21       CNY      21.15
FUQING CITY STATE-OWNED     6.66    03/01/21       CNY      25.02
FUQING CITY STATE-OWNED     5.94    11/26/22       CNY      40.89
FUXIN INFRASTRUCTURE CO     6.18    03/18/22       CNY      39.74
FUZHOU CHANGLE DISTRICT     4.50    04/11/23       CNY      59.06
FUZHOU CHANGLE DISTRICT     4.50    04/11/23       CNY      59.81
FUZHOU DEVELOPMENT ZONE     3.53    08/25/23       CNY      59.18
FUZHOU LINCHUAN URBAN C     5.68    07/05/23       CNY      59.41
FUZHOU LINCHUAN URBAN C     5.68    07/05/23       CNY      59.44
FUZHOU URBAN AND RURAL      5.48    01/26/22       CNY      40.00
FUZHOU URBAN AND RURAL      5.48    01/26/22       CNY      40.50
FUZHOU URBAN AND RURAL      4.89    07/08/22       CNY      40.48
FUZHOU URBAN AND RURAL      4.89    07/08/22       CNY      40.55
GANSU PROVINCIAL HIGHWA     6.58    09/24/22       CNY      72.38
GANZHOU CITY DEVELOPMEN     5.50    06/16/22       CNY      40.00
GANZHOU CITY DEVELOPMEN     5.50    06/16/22       CNY      40.71
GANZHOU DEVELOPMENT INV     8.10    12/11/23       CNY      64.65
GANZHOU DEVELOPMENT ZON     7.43    02/19/21       CNY      19.00
GANZHOU DEVELOPMENT ZON     7.43    02/19/21       CNY      20.02
GAOMI STATE-OWNED ASSET     4.69    01/26/23       CNY      59.89
GAOMI STATE-OWNED ASSET     4.69    01/26/23       CNY      59.96
GAOYOU CITY CONSTRUCTIO     5.48    09/15/22       CNY      40.00
GAOYOU CITY CONSTRUCTIO     5.48    09/15/22       CNY      40.38
GAOYOU CITY ECONOMY DEV     3.65    09/02/23       CNY      59.28
GAOYOU CITY ECONOMY DEV     3.65    09/02/23       CNY      60.00
GONG'AN COUNTY CITY CON     4.30    08/30/23       CNY      59.21
GONG'AN COUNTY CITY CON     4.30    08/30/23       CNY      59.35
GONGQINGCHENG FINANCIAL     5.85    03/25/23       CNY      60.58
GONGQINGCHENG FINANCIAL     5.85    03/25/23       CNY      60.59
GOOCOO INVESTMENT CO LT     8.00    02/01/21       CNY      50.00
GOTION HIGH-TECH CO LTD     6.50    04/13/23       CNY      61.03
GUANGAN DEVELOPMENT AND     6.39    03/24/22       CNY      40.35
GUANGAN DEVELOPMENT AND     6.39    03/24/22       CNY      44.00
GUANGAN ECONOMIC & TECH     7.10    09/22/21       CNY      20.16
GUANGAN ECONOMIC & TECH     7.10    09/22/21       CNY      20.16
GUANGAN ECONOMIC & TECH     5.16    04/14/23       CNY      59.49
GUANGAN ECONOMIC & TECH     5.16    04/14/23       CNY      59.50
GUANGAN TRANSPORTATION      5.39    12/01/23       CNY      60.48
GUANGDONG HUIZHOU COMMU     4.16    05/17/23       CNY      60.25
GUANGDONG HUIZHOU COMMU     4.16    05/17/23       CNY      60.37
GUANGDONG HUIZHOU COMMU     4.95    12/27/23       CNY      61.24
GUANGDONG HUIZHOU COMMU     4.95    12/27/23       CNY      61.24
GUANGRAO COUNTY ECONOMI     3.61    09/08/23       CNY      59.27
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      20.10
GUANGXI LAIBIN INDUSTRI     5.97    11/26/21       CNY      20.00
GUANGXI LAIBIN INDUSTRI     5.97    11/26/21       CNY      20.14
GUANGXI QINZHOU LINHAI      7.68    02/20/21       CNY      20.01
GUANGXI QINZHOU LINHAI      7.68    02/20/21       CNY      24.77
GUANGXI URBAN CONSTRUCT     7.59    04/14/21       CNY      20.11
GUANGXI URBAN CONSTRUCT     7.59    04/14/21       CNY      23.00
GUANGYUAN INVESTMENT HO     7.30    04/22/21       CNY      20.05
GUANGYUAN INVESTMENT HO     7.30    04/22/21       CNY      21.15
GUANGYUAN YUANQU CONSTR     8.35    08/26/21       CNY      20.20
GUANGYUAN YUANQU CONSTR     8.35    08/26/21       CNY      27.00
GUANGYUAN YUANQU CONSTR     4.48    03/10/23       CNY      58.50
GUANGYUAN YUANQU CONSTR     4.48    03/10/23       CNY      58.52
GUANGZHOU HUANTOU NANSH     6.38    11/18/24       CNY      60.54
GUANGZHOU HUANTOU NANSH     6.38    11/18/24       CNY      60.65
GUANGZHOU METRO GROUP C     6.45    04/02/24       CNY      60.00
GUANGZHOU METRO GROUP C     6.45    04/02/24       CNY      62.78
GUANGZHOU METRO GROUP C     6.05    06/03/24       CNY      62.63
GUANGZHOU METRO GROUP C     6.05    06/03/24       CNY      62.70
GUILIN CITY INVESTMENT      6.90    06/13/21       CNY      20.00
GUILIN CITY INVESTMENT      6.90    06/13/21       CNY      20.06
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      58.87
GUIXI CITY CONSTRUCTION     4.18    08/18/23       CNY      58.97
GUIYANG BAIYUN CITY CON     4.75    09/13/26       CNY      74.85
GUIYANG BAIYUN INDUSTRY     7.30    03/27/22       CNY      40.06
GUIYANG BAIYUN INDUSTRY     7.30    03/27/22       CNY      45.00
GUIYANG CITY CONSTRUCTI     4.00    11/14/26       CNY      74.64
GUIYANG CITY CONSTRUCTI     4.00    11/14/26       CNY      74.70
GUIYANG GUANCHENG INDUS     7.50    12/25/22       CNY      70.95
GUIYANG GUANSHANHU DIST     4.87    01/28/23       CNY      59.13
GUIYANG GUANSHANHU DIST     4.87    01/28/23       CNY      59.34
GUIYANG GUANSHANHU DIST     4.48    03/09/23       CNY      58.86
GUIYANG GUANSHANHU DIST     4.48    03/09/23       CNY      59.00
GUIYANG URBAN CONSTRUCT     5.23    12/02/22       CNY      39.85
GUIZHOU EAST LAKE CITY      5.18    01/06/23       CNY      38.47
GUIZHOU EAST LAKE CITY      5.18    01/06/23       CNY      40.31
GUIZHOU FANJINGSHAN INV     6.95    01/28/22       CNY      40.00
GUIZHOU FANJINGSHAN INV     6.95    01/28/22       CNY      40.00
GUIZHOU GUIAN CONSTRUCT     4.17    10/28/22       CNY      40.03
GUIZHOU GUIAN CONSTRUCT     4.17    10/28/22       CNY      41.00
GUIZHOU GUILONG INDUSTR     7.80    04/28/22       CNY      50.44
GUIZHOU GUILONG INDUSTR     7.80    04/28/22       CNY      50.71
GUIZHOU HONGCAI INVESTM     6.00    06/07/23       CNY      48.53
GUIZHOU HONGCAI INVESTM     6.00    06/07/23       CNY      48.57
GUIZHOU LIUPANSHUI PAND     7.30    07/24/24       CNY      60.01
GUIZHOU RAILWAY INVESTM     7.20    03/27/22       CNY      40.73
GUIZHOU RAILWAY INVESTM     7.50    04/23/24       CNY      60.60
GUIZHOU RAILWAY INVESTM     7.50    04/23/24       CNY      62.99
GUIZHOU SHUICHENG CITY      4.98    11/22/23       CNY      54.41
GUIZHOU SHUICHENG CITY      4.98    11/22/23       CNY      56.52
GUIZHOU SHUICHENG WATER     8.00    11/27/25       CNY      61.00
GUIZHOU XINDONGGUAN CIV     7.70    09/05/24       CNY      70.05
GULIN STATE-OWNED ASSET     4.18    08/04/23       CNY      58.43
GULIN STATE-OWNED ASSET     4.18    08/04/23       CNY      59.80
HAIAN COUNTY DEVELOPMEN     5.45    04/13/23       CNY      59.47
HAIAN COUNTY DEVELOPMEN     5.45    04/13/23       CNY      59.65
HAIAN DEVELOPMENT ZONE      4.47    11/16/23       CNY      58.16
HAIAN DEVELOPMENT ZONE      4.47    11/16/23       CNY      58.31
HAIAN URBAN DEMOLITION      5.08    11/27/22       CNY      40.53
HAIAN URBAN DEMOLITION      5.08    11/27/22       CNY      40.88
HAICHENG URBAN JINCAI L     8.17    04/16/21       CNY      20.06
HAICHENG URBAN JINCAI L     5.37    08/10/23       CNY      59.85
HAIFENG MARINE INFRASTR     6.84    04/29/22       CNY      40.35
HAIKOU MEILAN INTERNATI     5.25    09/06/19       USD      46.65
HAIMEN CITY DEVELOPMENT     6.22    04/03/22       CNY      40.67
HAIMEN CITY DEVELOPMENT     6.22    04/03/22       CNY      42.20
HAINAN AIRLINES HOLDING     6.20    05/24/21       CNY      45.00
HAINING CITY DEVELOPMEN     5.58    10/22/21       CNY      20.31
HAMI JIANHUI STATE-OWNE     3.90    09/21/23       CNY      58.17
HAMI JIANHUI STATE-OWNE     3.90    09/21/23       CNY      58.75
HANCHENG CITY INVESTMEN     4.69    12/05/23       CNY      56.93
HANCHENG CITY INVESTMEN     4.69    12/05/23       CNY      57.29
HANCHUAN CITY HANRONG I     4.25    07/18/23       CNY      58.86
HANCHUAN CITY HANRONG I     4.25    07/18/23       CNY      59.38
HANDAN CONSTRUCTION & I     5.48    05/27/22       CNY      40.63
HANDAN CONSTRUCTION & I     5.48    05/27/22       CNY      47.20
HANGZHOU CANAL COMPREHE     3.40    10/17/23       CNY      59.65
HANGZHOU CANAL COMPREHE     3.40    10/17/23       CNY      59.65
HANGZHOU CITY CONSTRUCT     3.80    03/14/23       CNY      60.00
HANGZHOU CITY CONSTRUCT     3.80    03/14/23       CNY      60.19
HANGZHOU FUYANG CITY CO     7.20    03/19/21       CNY      20.10
HANGZHOU FUYANG CITY CO     7.20    03/19/21       CNY      20.10
HANGZHOU FUYANG DEVELOP     7.70    04/28/21       CNY      20.22
HANGZHOU FUYANG DEVELOP     7.70    04/28/21       CNY      29.00
HANGZHOU FUYANG DEVELOP     4.76    01/27/23       CNY      60.02
HANGZHOU FUYANG DEVELOP     4.76    01/27/23       CNY      60.21
HANGZHOU GONGSHU DISTRI     6.90    07/21/21       CNY      20.35
HANGZHOU GONGSHU DISTRI     6.90    07/21/21       CNY      20.40
HANGZHOU METRO GROUP CO     5.97    09/17/24       CNY      62.65
HANGZHOU WEST LAKE INVE     4.30    04/25/23       CNY      59.98
HANGZHOU WEST LAKE INVE     4.30    04/25/23       CNY      60.58
HANGZHOU XIAOSHAN ECO&T     6.90    05/13/21       CNY      20.17
HANGZHOU XIAOSHAN QIANJ     4.00    03/22/23       CNY      60.14
HANGZHOU XIAOSHAN QIANJ     4.00    03/22/23       CNY      60.23
HANGZHOU YUHANG CITY CO     7.00    03/03/21       CNY      20.06
HANGZHOU YUHANG ECONOMI     7.45    03/03/21       CNY      20.06
HANGZHOU YUHANG ECONOMI     7.45    03/03/21       CNY      20.75
HANGZHOU YUHANG TRANSPO     7.19    04/18/21       CNY      20.18
HANGZHOU YUHANG TRANSPO     7.19    04/18/21       CNY      21.85
HAWTAI MOTOR GROUP LTD      7.20    04/14/21       CNY      60.00
HAWTAI MOTOR GROUP LTD      6.10    10/26/21       CNY      74.00
HEBEI ZHONGYUE CITY CON     4.10    11/16/21       CNY      19.84
HEBEI ZHONGYUE CITY CON     4.10    11/16/21       CNY      19.89
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      39.74
HECHI CITY CONSTRUCTION     5.58    11/13/22       CNY      42.42
HECHI STATE-OWNED ASSET     4.37    11/04/23       CNY      58.21
HECHI STATE-OWNED ASSET     4.37    11/04/23       CNY      58.39
HEFEI CONSTRUCTION INVE     7.20    04/29/24       CNY      63.55
HEFEI XINCHENG STATE-OW     4.13    07/15/23       CNY      59.36
HEFEI XINCHENG STATE-OW     4.13    07/15/23       CNY      59.63
HEILONGJIANG HECHENG CO     5.60    11/11/21       CNY      20.01
HEILONGJIANG HECHENG CO     7.05    06/21/22       CNY      30.34
HEISHAN TONGHE ASSET MA     6.79    09/18/22       CNY      39.28
HEISHAN TONGHE ASSET MA     6.79    09/18/22       CNY      39.63
HENAN ENERGY & CHEMICAL     6.98    11/02/21       CNY      37.87
HENGDONG URBAN & RURAL      6.60    12/27/23       CNY      60.40
HENGDONG URBAN & RURAL      6.60    12/27/23       CNY      60.80
HENGYANG BAISHAZHOU DEV     6.87    08/22/21       CNY      19.97
HENGYANG BAISHAZHOU DEV     6.87    08/22/21       CNY      24.50
HENGYANG COMMUNICATION      4.28    01/21/23       CNY      40.00
HENGYANG COMMUNICATION      4.28    01/21/23       CNY      59.78
HENGYANG XIANGJIANG WAT     7.40    04/23/21       CNY      20.13
HENGYANG XIANGJIANG WAT     7.40    04/23/21       CNY      21.10
HESHAN PUBLIC ASSET MAN     4.08    09/28/23       CNY      58.21
HESHAN PUBLIC ASSET MAN     4.08    09/28/23       CNY      58.68
HESHAN PUBLIC ASSET MAN     5.08    12/07/23       CNY      60.65
HESHAN PUBLIC ASSET MAN     5.08    12/07/23       CNY      60.71
HETIAN YUXIN STATE-OWNE     4.65    03/28/23       CNY      59.10
HETIAN YUXIN STATE-OWNE     4.65    03/28/23       CNY      59.38
HEYUAN CITY RUNYE INVES     6.20    12/03/21       CNY      20.28
HEYUAN CITY RUNYE INVES     6.20    12/03/21       CNY      25.88
HEZE INVESTMENT DEVELOP     7.14    03/24/21       CNY      20.10
HEZE INVESTMENT DEVELOP     7.14    03/24/21       CNY      20.95
HEZHOU URBAN CONSTRUCTI     8.16    05/16/21       CNY      20.14
HEZHOU URBAN CONSTRUCTI     8.16    05/16/21       CNY      21.00
HNA GROUP CO LTD            7.10    04/15/20       CNY      70.00
HNA GROUP CO LTD            5.99    11/27/22       CNY      29.10
HONGHEZHOU DEVELOPMENT      5.90    07/12/24       CNY      71.00
HUACHEN ENERGY CO LTD       6.63    05/18/20       USD      34.50
HUAIAN CITY HUAIAN DIST     4.63    05/03/23       CNY      60.00
HUAIAN CITY HUAIAN DIST     4.63    05/03/23       CNY      60.20
HUAIAN CITY URBAN ASSET     5.70    04/23/22       CNY      40.65
HUAIAN CITY URBAN ASSET     5.70    04/23/22       CNY      41.54
HUAIAN CITY XUYI URBAN      5.10    04/15/23       CNY      59.44
HUAIAN CITY XUYI URBAN      5.10    04/15/23       CNY      59.81
HUAI'AN DEVELOPMENT HOL     7.30    03/10/21       CNY      20.07
HUAI'AN DEVELOPMENT HOL     7.30    03/10/21       CNY      27.84
HUAIAN HONGRI TRANSPORT     5.09    04/20/23       CNY      57.84
HUAIAN HONGRI TRANSPORT     5.09    04/20/23       CNY      59.01
HUAIAN HONGZE DISTRICT      4.37    07/18/23       CNY      58.69
HUAIAN HONGZE DISTRICT      4.37    07/18/23       CNY      58.74
HUAI'AN NEW CITY INVEST     7.45    03/04/21       CNY      20.00
HUAI'AN NEW CITY INVEST     7.45    03/04/21       CNY      20.04
HUAI'AN NEW CITY INVEST     6.95    07/28/21       CNY      20.30
HUAI'AN NEW CITY INVEST     6.95    07/28/21       CNY      27.50
HUAIHUA CITY CONSTRUCTI     4.18    08/31/23       CNY      58.49
HUAIHUA CITY CONSTRUCTI     4.18    08/31/23       CNY      58.70
HUAIHUA ECONOMIC DEVELO     6.80    03/26/22       CNY      39.96
HUAIHUA ECONOMIC DEVELO     6.80    03/26/22       CNY      40.00
HUAIHUA TRANSPORTATION      4.96    04/12/23       CNY      59.38
HUAIHUA TRANSPORTATION      4.96    04/12/23       CNY      59.38
HUAINAN URBAN CONSTRUCT     6.79    07/09/21       CNY      20.24
HUAINAN URBAN CONSTRUCT     6.79    07/09/21       CNY      20.26
HUANGGANG CITY CONSTRUC     7.45    03/04/21       CNY      20.12
HUANGGANG CITY CONSTRUC     7.45    03/04/21       CNY      20.12
HUANGGANG CITY CONSTRUC     4.08    01/18/23       CNY      39.95
HUANGGANG CITY CONSTRUC     4.08    01/18/23       CNY      40.10
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      59.85
HUANGSHI CIHU HIGH-TECH     4.50    06/08/23       CNY      59.95
HUANGSHI CIHU HIGH-TECH     4.97    06/08/23       CNY      59.99
HUANGSHI CIHU HIGH-TECH     4.50    06/08/23       CNY      63.00
HUANGSHI URBAN CONSTRUC     5.99    04/29/22       CNY      40.00
HUANGSHI URBAN CONSTRUC     5.99    04/29/22       CNY      40.52
HUAWEN MEDIA GROUP          5.45    11/08/22       CNY      72.07
HUAWEN MEDIA GROUP          6.00    04/04/23       CNY      45.10
HUBEI PROVINCE CHANGJIA     6.15    04/03/22       CNY      40.47
HUBEI PROVINCE CHANGJIA     6.15    04/03/22       CNY      42.40
HULUDAO INVESTMENT GROU     7.50    10/18/23       CNY      46.09
HULUNBEIER INVESTMENT C     6.31    04/30/22       CNY      39.92
HULUNBEIER INVESTMENT C     6.31    04/30/22       CNY      40.36
HUNAN CHANGDE DEYUAN IN     6.50    06/16/21       CNY      20.21
HUNAN CHANGDE DEYUAN IN     6.50    06/16/21       CNY      22.25
HUNAN CHUZHISHENG HOLDI     5.60    12/18/22       CNY      40.50
HUNAN CHUZHISHENG HOLDI     5.60    12/18/22       CNY      40.55
HUNAN JINYANG INVESTMEN     5.70    11/27/21       CNY      18.60
HUNAN JINYANG INVESTMEN     5.70    11/27/21       CNY      20.10
HUNAN JINYANG INVESTMEN     4.37    01/19/23       CNY      39.51
HUNAN JINYANG INVESTMEN     4.37    01/19/23       CNY      39.70
HUNAN JINYANG INVESTMEN     4.39    04/06/23       CNY      59.39
HUNAN JINYANG INVESTMEN     4.39    04/06/23       CNY      59.58
HUNAN JINYANG NEW CITY      4.43    10/23/22       CNY      39.87
HUNAN JINYANG NEW CITY      4.43    10/23/22       CNY      39.94
HUNAN LINGANG DEVELOPME     4.24    07/21/23       CNY      57.90
HUNAN LINGANG DEVELOPME     4.24    07/21/23       CNY      58.64
HUNAN LINGANG DEVELOPME     3.94    10/26/23       CNY      57.14
HUNAN LINGANG DEVELOPME     3.94    10/26/23       CNY      57.18
HUNAN LOUDI ECONOMIC &      6.36    03/13/22       CNY      39.21
HUNAN LOUDI ECONOMIC &      6.36    03/13/22       CNY      47.00
HUNAN LOUDI ECONOMIC &      4.89    03/30/23       CNY      56.56
HUNAN LOUDI ECONOMIC &      4.89    03/30/23       CNY      58.32
HUNAN PROVINCIAL RAILWA     6.09    04/30/25       CNY      70.00
HUNAN PROVINCIAL RAILWA     6.09    04/30/25       CNY      72.85
HUNAN SENTE INDUSTRIAL      6.90    11/28/24       CNY      40.00
HUNAN SHAODONG ECO-INDU     6.50    01/11/23       CNY      39.31
HUNAN SHAODONG ECO-INDU     6.50    01/11/23       CNY      39.45
HUNAN SHAODONG ECO-INDU     6.58    12/13/23       CNY      61.71
HUNAN SHAODONG ECO-INDU     6.58    12/13/23       CNY      61.71
HUNAN TIER GROUP CO LTD     7.10    03/03/21       CNY      20.06
HUNAN TIER GROUP CO LTD     7.10    03/03/21       CNY      20.30
HUNAN TIER GROUP CO LTD     4.20    03/17/23       CNY      57.93
HUNAN TIER GROUP CO LTD     4.20    03/17/23       CNY      58.87
HUNAN XIANGJIANG NEW AR     7.36    03/17/21       CNY      20.00
HUNAN XIANGJIANG NEW AR     7.36    03/17/21       CNY      20.14
HUNAN YOUZHOU INVESTMEN     4.80    07/07/23       CNY      59.90
HUNAN YOUZHOU INVESTMEN     4.80    07/07/23       CNY      59.91
HUZHOU URBAN CONSTRUCTI     6.48    08/28/21       CNY      20.24
HUZHOU URBAN CONSTRUCTI     6.48    08/28/21       CNY      22.38
HUZHOU XISAISHAN DEVELO     7.80    04/29/21       CNY      20.00
HUZHOU XISAISHAN DEVELO     7.80    04/29/21       CNY      20.15
INNER MONGOLIA JINLONG      7.30    11/19/22       CNY      39.50
INNER MONGOLIA JINLONG      7.30    11/19/22       CNY      39.51
INNER MONGOLIA KE'ERQIN     6.50    03/11/22       CNY      39.21
INNER MONGOLIA KE'ERQIN     6.45    04/30/22       CNY      39.04
INNER MONGOLIA KE'ERQIN     6.45    04/30/22       CNY      40.00
INNER MONGOLIA SHENGXIA     8.18    08/21/21       CNY      20.10
INNER MONGOLIA SHENGXIA     8.18    08/21/21       CNY      24.00
INNER MONGOLIA ZHUNGEER     6.54    12/31/21       CNY      20.41
INNER MONGOLIA ZHUNGEER     6.54    12/31/21       CNY      22.10
JIAN CITY JINGANGSHAN D     7.99    06/03/21       CNY      20.21
JIAN CITY JINGANGSHAN D     7.99    06/03/21       CNY      20.87
JIAN CITY JINGANGSHAN D     4.87    01/27/23       CNY      58.90
JIAN CITY JINGANGSHAN D     4.87    01/27/23       CNY      59.93
JIANAN INVESTMENT HOLDI     6.85    05/23/21       CNY      20.21
JIANAN INVESTMENT HOLDI     6.85    05/23/21       CNY      26.50
JIANAN INVESTMENT HOLDI     4.30    03/08/23       CNY      59.89
JIANAN INVESTMENT HOLDI     4.30    03/08/23       CNY      60.08
JIANAN INVESTMENT HOLDI     3.50    09/05/23       CNY      59.45
JIANAN INVESTMENT HOLDI     3.85    09/05/23       CNY      59.47
JIANAN INVESTMENT HOLDI     3.85    09/05/23       CNY      59.47
JIANAN INVESTMENT HOLDI     3.50    09/05/23       CNY      61.00
JIANGDONG HOLDING GROUP     7.14    04/24/21       CNY      20.15
JIANGMEN NEW HI-TECH IN     6.03    04/22/22       CNY      40.55
JIANGMEN NEW HI-TECH IN     6.03    04/22/22       CNY      41.10
JIANGSU BEIGU INDUSTRIA     5.80    06/20/23       CNY      60.47
JIANGSU BEIGU INDUSTRIA     5.80    06/20/23       CNY      60.73
JIANGSU DAHANG LINGANG      5.18    09/22/23       CNY      58.97
JIANGSU DAHANG LINGANG      5.18    09/22/23       CNY      58.99
JIANGSU GAOCHUN ECONOMI     3.67    09/23/23       CNY      59.29
JIANGSU GAOCHUN ECONOMI     3.67    09/23/23       CNY      59.59
JIANGSU GAOCHUN ECONOMI     3.92    11/23/23       CNY      59.44
JIANGSU GAOCHUN ECONOMI     3.92    11/23/23       CNY      59.45
JIANGSU HAIZHOU DEVELOP     4.67    06/06/23       CNY      59.95
JIANGSU HAIZHOU DEVELOP     4.67    06/06/23       CNY      61.51
JIANGSU HANRUI INVESTME     4.63    04/15/23       CNY      60.20
JIANGSU HANRUI INVESTME     4.63    04/15/23       CNY      60.51
JIANGSU HANRUI INVESTME     5.00    08/31/23       CNY      57.69
JIANGSU HANRUI INVESTME     5.00    08/31/23       CNY      57.72
JIANGSU JINGUAN INVESTM     7.90    04/08/21       CNY      20.13
JIANGSU JINGUAN INVESTM     7.90    04/08/21       CNY      20.80
JIANGSU JINTAN GUOFA IN     6.85    05/30/21       CNY      20.00
JIANGSU JINTAN GUOFA IN     6.85    05/30/21       CNY      20.21
JIANGSU JINTAN GUOFA IN     4.60    08/22/23       CNY      58.85
JIANGSU JINTAN GUOFA IN     4.60    08/22/23       CNY      58.86
JIANGSU JURONG FUDI BIO     7.70    03/21/21       CNY      40.18
JIANGSU JURONG FUDI BIO     7.70    03/21/21       CNY      40.25
JIANGSU NANTONG NO2 CON     8.10    07/10/21       CNY      20.00
JIANGSU NANTONG NO2 CON     8.10    07/10/21       CNY      20.16
JIANGSU RUNCHENG ASSET      7.88    04/16/21       CNY      20.12
JIANGSU RUNCHENG ASSET      7.88    04/16/21       CNY      28.80
JIANGSU RUNQI WANGUO IN     4.14    10/21/21       CNY      29.72
JIANGSU RUNQI WANGUO IN     4.14    10/21/21       CNY      30.00
JIANGSU SUHAI INVESTMEN     7.28    05/29/21       CNY      20.10
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      20.14
JIANGSU WUZHONG ECONOMI     5.49    11/19/21       CNY      20.21
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      40.67
JIANGSU YANGKOU PORT CO     6.23    04/10/22       CNY      40.41
JIANGSU YANGKOU PORT CO     6.23    04/10/22       CNY      47.50
JIANGSU YINGZHOU DEVELO     4.33    09/21/23       CNY      57.67
JIANGSU YINGZHOU DEVELO     4.33    09/21/23       CNY      57.69
JIANGSU YIXING ECONOMIC     7.69    04/18/21       CNY      20.15
JIANGSU YIXING ECONOMIC     7.69    04/18/21       CNY      30.19
JIANGSU ZHANGJIAGANG EC     3.95    03/22/23       CNY      60.00
JIANGSU ZHANGJIAGANG EC     3.95    03/22/23       CNY      60.12
JIANGSU ZHUFU INDUSTRIA     4.47    07/20/23       CNY      56.30
JIANGSU ZHUFU INDUSTRIA     4.47    07/20/23       CNY      58.41
JIANGXI HEJI INVESTMENT     5.09    12/17/22       CNY      39.38
JIANGXI HEJI INVESTMENT     5.09    12/17/22       CNY      40.00
JIANGXI HUIHENG PROPERT     4.43    08/30/21       CNY      29.61
JIANGXI HUIHENG PROPERT     4.43    08/30/21       CNY      40.08
JIANGXI LONGHU MOUNTAIN     4.35    03/16/23       CNY      59.12
JIANGXI LONGHU MOUNTAIN     4.35    03/16/23       CNY      59.62
JIANGXI PINGXIANG CHANG     8.18    05/22/21       CNY      20.23
JIANGXI PINGXIANG CHANG     8.18    05/22/21       CNY      29.34
JIANGXI PROVINCE SITONG     8.20    04/18/21       CNY      20.10
JIANGXI PROVINCE SITONG     8.20    04/18/21       CNY      20.37
JIANGYOU HONGFEI INVEST     6.55    09/02/22       CNY      40.05
JIANGYOU HONGFEI INVEST     6.55    09/02/22       CNY      40.31
JIANHU COUNTY DEVELOPME     7.29    09/25/21       CNY      20.17
JIANHU COUNTY DEVELOPME     7.29    09/25/21       CNY      22.75
JIANHU URBAN CONSTRUCTI     3.28    10/13/21       CNY      39.42
JIANHU URBAN CONSTRUCTI     3.28    10/13/21       CNY      41.00
JIANHU URBAN CONSTRUCTI     6.30    06/01/22       CNY      39.91
JIANHU URBAN CONSTRUCTI     6.30    06/01/22       CNY      42.86
JIANYANG DEVELOPMENT HO     3.93    11/10/23       CNY      57.35
JIANYANG DEVELOPMENT HO     3.93    11/10/23       CNY      57.87
JIAXING ECONOMIC&TECHNO     7.89    03/05/21       CNY      20.09
JIAXING ECONOMIC&TECHNO     7.89    03/05/21       CNY      21.13
JIAXING NANHU INVESTMEN     7.45    02/26/21       CNY      20.04
JIAXING NANHU INVESTMEN     7.45    02/26/21       CNY      20.07
JIAXING XIANGJIADANG DE     4.13    07/20/23       CNY      59.53
JIAXING XIANGJIADANG DE     4.13    07/20/23       CNY      59.73
JIAXING XIANGJIADANG DE     3.87    09/21/23       CNY      58.12
JIAXING XIANGJIADANG DE     3.87    09/21/23       CNY      59.53
JIAYU COUNTY URBAN TOWN     5.70    01/19/23       CNY      40.41
JIAYU COUNTY URBAN TOWN     5.70    01/19/23       CNY      60.00
JIAYU COUNTY URBAN TOWN     6.50    01/19/24       CNY      61.67
JIAYU COUNTY URBAN TOWN     6.50    01/19/24       CNY      80.44
JIAYUGUAN CITY INFRASTR     7.83    09/23/21       CNY      20.00
JIAYUGUAN CITY INFRASTR     7.83    09/23/21       CNY      20.05
JIEYANG CITY INVESTMENT     6.55    08/27/21       CNY      20.27
JIEYANG CITY INVESTMENT     6.55    08/27/21       CNY      20.30
JILIN CITY CONSTRUCTION     3.80    01/27/23       CNY      59.06
JILIN ECONOMIC AND TECH     6.20    04/29/23       CNY      59.40
JILIN ECONOMIC AND TECH     6.20    04/29/23       CNY      60.18
JILIN NORTHEAST SOCK IN     7.50    05/19/22       CNY      71.02
JILIN RAILWAY INVESTMEN     7.18    03/04/21       CNY      19.85
JILIN RAILWAY INVESTMEN     7.18    03/04/21       CNY      20.05
JINAN CITY CONSTRUCTION     6.80    03/20/21       CNY      20.08
JINAN CITY CONSTRUCTION     6.80    03/20/21       CNY      20.26
JINAN CITY LICHENG DIST     5.00    06/23/22       CNY      39.69
JINAN CITY LICHENG DIST     5.00    06/23/22       CNY      40.41
JINAN HI-TECH HOLDING G     6.38    06/19/21       CNY      20.20
JINAN HI-TECH HOLDING G     6.38    06/19/21       CNY      20.22
JINCHANG CONSTRUCTION I     6.79    12/21/22       CNY      40.00
JINCHANG CONSTRUCTION I     6.79    12/21/22       CNY      40.46
JINCHENG STATE-OWNED CA     4.99    11/11/21       CNY      20.00
JINCHENG STATE-OWNED CA     4.99    11/11/21       CNY      20.15
JINGDEZHEN CERAMIC CULT     5.38    11/27/22       CNY      39.84
JINGDEZHEN CERAMIC CULT     5.38    11/27/22       CNY      40.00
JINGHONG STATE-OWNED AS     8.08    05/23/21       CNY      20.00
JINGHONG STATE-OWNED AS     8.08    05/23/21       CNY      20.01
JINGJIANG CITY INVESTME     4.55    03/30/23       CNY      59.65
JINGJIANG CITY INVESTME     4.55    03/30/23       CNY      59.77
JINGJIANG HARBOUR GROUP     7.30    08/05/21       CNY      20.16
JINGJIANG HARBOUR GROUP     7.30    08/05/21       CNY      20.16
JINGMEN CITY CONSTRUCTI     6.85    07/09/22       CNY      30.00
JINGMEN CITY CONSTRUCTI     6.85    07/09/22       CNY      30.57
JINGMEN HIGH-TECH DEVEL     5.48    08/11/22       CNY      39.80
JINGMEN HIGH-TECH DEVEL     5.48    08/11/22       CNY      40.13
JINGMEN HIGH-TECH DEVEL     4.15    07/28/23       CNY      58.87
JINGMEN HIGH-TECH DEVEL     4.15    07/28/23       CNY      59.01
JINGSHAN JINGCHENG INVE     4.38    08/29/23       CNY      58.70
JINGSHAN JINGCHENG INVE     4.38    08/29/23       CNY      59.78
JINGZHOU URBAN CONSTRUC     3.97    03/10/23       CNY      59.70
JINGZHOU URBAN CONSTRUC     3.97    03/10/23       CNY      59.82
JINHU COUNTY STATE-OWNE     7.75    08/25/21       CNY      20.33
JINHU COUNTY STATE-OWNE     7.75    08/25/21       CNY      21.33
JINHU COUNTY STATE-OWNE     4.00    07/26/22       CNY      49.71
JINHU COUNTY STATE-OWNE     4.00    07/26/22       CNY      49.99
JINING CITY SHIZHONG DI     6.39    01/29/22       CNY      40.09
JINING CITY SHIZHONG DI     6.39    01/29/22       CNY      44.44
JINING CITY SHIZHONG DI     3.52    09/14/23       CNY      58.99
JINING HIGH TECH URBAN      6.09    04/30/22       CNY      40.55
JINING HIGH TECH URBAN      6.09    04/30/22       CNY      41.50
JINSHA COUNTY CONSTRUCT     6.01    09/05/23       CNY      58.78
JINSHA COUNTY CONSTRUCT     6.01    09/05/23       CNY      59.19
JINTANG MODERN AGRICULT     5.49    07/14/23       CNY      58.90
JINTANG MODERN AGRICULT     5.49    07/14/23       CNY      59.42
JINZHAI URBAN DEVELOPME     5.90    04/25/23       CNY      60.88
JINZHAI URBAN DEVELOPME     5.90    04/25/23       CNY      60.93
JINZHOU CITY INVESTMENT     6.44    08/18/21       CNY      19.96
JINZHOU CITY INVESTMENT     6.44    08/18/21       CNY      24.91
JINZHOU HUAXING INVESTM     8.38    02/25/21       CNY      20.04
JINZHOU HUAXING INVESTM     8.38    02/25/21       CNY      25.00
JISHOU HUATAI STATE OWN     7.18    02/09/22       CNY      40.17
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      40.51
JIUJIANG LAND INVESTMEN     6.20    03/23/22       CNY      40.36
JIUJIANG LAND INVESTMEN     6.20    03/23/22       CNY      40.52
JIUJIANG LIANXI DISTRIC     4.58    03/30/23       CNY      59.11
JIUJIANG LIANXI DISTRIC     4.58    03/30/23       CNY      59.54
JIUQUAN ECONOMIC DEVELO     7.40    02/26/21       CNY      20.03
JIUQUAN ECONOMIC DEVELO     7.40    02/26/21       CNY      20.60
JIXI STATE OWN ASSET MA     6.87    01/19/22       CNY      19.88
JIXI STATE OWN ASSET MA     6.87    01/19/22       CNY      20.85
JIZHONG ENERGY GROUP CO     6.05    08/13/22       CNY      59.77
KAIFENG URBAN OPERATION     6.35    03/23/22       CNY      40.10
KAIFENG URBAN OPERATION     6.35    03/23/22       CNY      40.11
KAIFU CITY DEVELOPMENT      4.20    01/21/23       CNY      38.50
KAIFU CITY DEVELOPMENT      4.20    01/21/23       CNY      59.86
KAIFU CITY DEVELOPMENT      3.73    08/22/23       CNY      59.30
KAIFU CITY DEVELOPMENT      3.73    08/22/23       CNY      59.39
KAILI GUIZHOU TOWN CONS     5.29    12/17/22       CNY      38.53
KAILI GUIZHOU TOWN CONS     5.29    12/17/22       CNY      40.00
KAILI GUIZHOU TOWN CONS     4.20    10/13/23       CNY      55.70
KAILI GUIZHOU TOWN CONS     4.20    10/13/23       CNY      55.97
KANGMEI PHARMACEUTICAL      6.28    03/20/21       CNY      20.13
KANGMEI PHARMACEUTICAL      6.10    03/28/21       CNY      20.13
KANGMEI PHARMACEUTICAL      5.50    04/20/21       CNY      20.13
KANGMEI PHARMACEUTICAL      7.00    06/21/21       CNY      18.95
KANGMEI PHARMACEUTICAL      6.80    06/28/21       CNY      20.13
KANGMEI PHARMACEUTICAL      6.33    01/27/22       CNY      36.69
KANGMEI PHARMACEUTICAL      5.20    07/17/22       CNY      20.34
KANGMEI PHARMACEUTICAL      5.29    08/16/22       CNY      20.13
KANGMEI PHARMACEUTICAL      5.47    09/15/22       CNY      20.13
KASHI URBAN CONSTRUCTIO     5.80    07/20/22       CNY      40.00
KASHI URBAN CONSTRUCTIO     5.80    07/20/22       CNY      40.33
KUNMING DONGJUN REAL ES     4.50    11/02/21       CNY      24.75
KUNSHAN COMMUNICATION D     6.95    05/22/21       CNY      20.24
KUNSHAN COMMUNICATION D     6.95    05/22/21       CNY      25.45
KUNSHAN HIGH TECHNOLOGY     7.10    03/26/21       CNY      20.10
LAIWU CITY ECONOMIC DEV     7.08    02/28/21       CNY      20.06
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      19.79
LAOHEKOU CITY CONSTRUCT     6.75    08/12/22       CNY      39.99
LAOHEKOU CITY CONSTRUCT     6.75    08/12/22       CNY      40.33
LEIYANG CITY AND RURAL      7.80    04/10/22       CNY      40.95
LEIYANG CITY AND RURAL      7.80    04/10/22       CNY      40.95
LEPING STATE-OWNED ASSE     3.70    10/20/23       CNY      58.69
LEPING STATE-OWNED ASSE     3.70    10/20/23       CNY      59.30
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      20.16
LIANYUNGANG TRANSPORT G     5.47    11/17/21       CNY      20.15
LIANYUNGANG TRANSPORT G     5.47    11/17/21       CNY      25.00
LIAOCHENG ANTAI URBAN R     5.16    04/11/23       CNY      59.28
LIAOCHENG ANTAI URBAN R     4.58    04/11/23       CNY      59.74
LIAOCHENG ANTAI URBAN R     4.58    04/11/23       CNY      59.82
LIAOCHENG ANTAI URBAN R     5.16    04/11/23       CNY      60.11
LIAOCHENG XINGYE ECONOM     5.20    04/13/23       CNY      59.00
LIAOCHENG XINGYE ECONOM     5.20    04/13/23       CNY      60.54
LIAONING COASTAL ECONOM     8.90    04/01/21       CNY       3.63
LIAONING COASTAL ECONOM     8.90    04/01/21       CNY      10.99
LIAONING GUANLONG CONST     4.70    11/10/23       CNY      58.65
LIAONING GUANLONG CONST     4.70    11/10/23       CNY      58.80
LIAONING YAODU DEVELOPM     6.50    04/29/23       CNY      60.60
LILING HIGH-TECH INDUST     4.93    01/19/23       CNY      38.84
LILING HIGH-TECH INDUST     4.93    01/19/23       CNY      39.97
LINFEN YAODU DISTRICT I     7.19    03/13/22       CNY      40.39
LINFEN YAODU DISTRICT I     7.19    03/13/22       CNY      40.49
LINYI CITY DEVELOPMENT      3.85    11/22/23       CNY      59.14
LINYI CITY DEVELOPMENT      3.85    11/22/23       CNY      59.69
LISHUI CITY CULTURAL TO     5.67    08/13/22       CNY      39.93
LISHUI CITY CULTURAL TO     5.67    08/13/22       CNY      40.50
LIUPANSHUI DEVELOPMENT      3.74    01/20/23       CNY      38.38
LIUPANSHUI DEVELOPMENT      3.74    01/20/23       CNY      39.57
LIUPANSHUI MINSHENG INV     5.08    01/29/23       CNY      52.88
LIUPANSHUI MINSHENG INV     5.08    01/29/23       CNY      59.56
LIUYANG MODERN MANUFACT     4.72    01/19/23       CNY      39.24
LIUYANG MODERN MANUFACT     4.72    01/19/23       CNY      39.37
LIUYANG URBAN CONSTRUCT     6.98    08/22/21       CNY      20.38
LIUYANG URBAN CONSTRUCT     4.45    05/24/23       CNY      60.36
LIUYANG URBAN CONSTRUCT     4.45    05/24/23       CNY      60.41
LIUZHOU CITY INVESTMENT     7.18    12/31/22       CNY      30.12
LIUZHOU DONGTONG INVEST     4.45    07/22/23       CNY      58.03
LIUZHOU DONGTONG INVEST     4.45    07/22/23       CNY      58.09
LIUZHOU INVESTMENT HOLD     4.28    03/08/23       CNY      58.81
LIUZHOU INVESTMENT HOLD     4.28    03/08/23       CNY      58.83
LIUZHOU LONGJIAN INVEST     8.28    04/30/24       CNY      61.99
LIYANG KUNLUN URBAN CON     5.90    10/24/21       CNY      18.00
LIYANG KUNLUN URBAN CON     5.90    10/24/21       CNY      20.22
LONGHAI STATE-OWNED ASS     6.58    08/15/21       CNY      20.20
LONGYAN RAILWAY CONSTRU     4.98    04/13/23       CNY      59.45
LONGYAN RAILWAY CONSTRU     4.98    04/13/23       CNY      59.60
LOUDI CITY CONSTRUCTION     7.95    04/15/21       CNY      20.14
LOUDI CITY CONSTRUCTION     7.95    04/15/21       CNY      30.31
LOUDI TIDU INVESTMENT D     7.18    08/27/21       CNY      19.95
LOUDI TIDU INVESTMENT D     7.18    08/27/21       CNY      20.00
LOUDI TIDU INVESTMENT D     4.83    01/20/23       CNY      39.60
LOUDI TIDU INVESTMENT D     4.83    01/20/23       CNY      39.75
LOUDI WANBAO NEW DISTRI     5.13    02/01/23       CNY      59.42
LOUDI WANBAO NEW DISTRI     5.13    02/01/23       CNY      59.51
LOUDI WANBAO NEW DISTRI     4.42    08/01/23       CNY      58.36
LOUDI WANBAO NEW DISTRI     4.42    08/01/23       CNY      58.72
LU'AN CITY CONSTRUCTION     3.97    02/22/21       CNY      50.03
LU'AN CITY CONSTRUCTION     5.05    04/26/21       CNY      50.17
LUJIANG CITY CONSTRUCTI     6.70    04/16/22       CNY      40.00
LUJIANG CITY CONSTRUCTI     6.70    04/16/22       CNY      40.61
LUOYANG CITY COUNTRY CO     4.28    04/26/23       CNY      60.26
LUOYANG CITY COUNTRY CO     4.28    04/26/23       CNY      60.54
LUOYANG CITY DEVELOPMEN     4.47    12/02/22       CNY      40.00
LUOYANG CITY DEVELOPMEN     4.47    12/02/22       CNY      40.28
LUZHOU FUYANG INVESTMEN     5.00    08/11/23       CNY      59.26
LUZHOU FUYANG INVESTMEN     5.00    08/11/23       CNY      59.27
LUZHOU XINGLU INVESTMEN     6.41    04/23/25       CNY      70.00
LUZHOU XINGLU INVESTMEN     6.41    04/23/25       CNY      73.70
LUZHOU XINGYANG INVESTM     4.87    01/28/23       CNY      59.37
LUZHOU XINGYANG INVESTM     4.87    01/28/23       CNY      59.73
MA'ANSHAN CIHU HIGH TEC     6.85    09/09/21       CNY      20.16
MA'ANSHAN CIHU HIGH TEC     6.85    09/09/21       CNY      23.00
MA'ANSHAN CIHU HIGH TEC     3.90    11/28/23       CNY      59.09
MA'ANSHAN CIHU HIGH TEC     3.90    11/28/23       CNY      60.40
MAANSHAN ECONOMIC TECHN     6.49    03/06/22       CNY      40.21
MAANSHAN ECONOMIC TECHN     6.49    03/06/22       CNY      44.99
MAANSHAN HUASHAN DISTRI     6.07    04/20/22       CNY      40.46
MAANSHAN HUASHAN DISTRI     6.07    04/20/22       CNY      40.60
MAANSHAN SOUTHERN INDUS     4.53    07/25/23       CNY      58.41
MAANSHAN SOUTHERN INDUS     4.53    07/25/23       CNY      58.69
MAANSHAN SOUTHERN INDUS     4.43    09/02/23       CNY      58.04
MAANSHAN SOUTHERN INDUS     4.43    09/02/23       CNY      58.71
MEISHAN ASSET MANAGEMEN     7.84    02/26/21       CNY      20.00
MEISHAN ASSET MANAGEMEN     7.84    02/26/21       CNY      20.05
MEISHAN CITY DONGPO DEV     5.90    06/30/23       CNY      59.39
MEISHAN CITY DONGPO DEV     5.90    06/30/23       CNY      59.54
MEISHAN HONGDA CONSTRUC     4.18    03/28/23       CNY      59.17
MEISHAN HONGDA CONSTRUC     4.18    03/28/23       CNY      59.23
MEIZHOU CITY XIN JIN YE     6.02    04/22/22       CNY      40.48
MEIZHOU CITY XIN JIN YE     6.02    04/22/22       CNY      45.32
MEIZHOU MEI COUNTY DIST     5.00    12/30/22       CNY      40.00
MEIZHOU MEI COUNTY DIST     5.00    12/30/22       CNY      40.13
MUDANJIANG AREA URBAN D     6.48    06/30/22       CNY      40.00
MUDANJIANG AREA URBAN D     6.48    06/30/22       CNY      45.00
MUDANJIANG STATE-OWNED      7.70    04/14/21       CNY      20.08
MUDANJIANG STATE-OWNED      7.70    04/14/21       CNY      20.08
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      59.40
NANCHANG ECONOMY TECHNO     3.83    09/22/23       CNY      59.48
NANCHONG AIRPORT INVEST     6.80    01/26/22       CNY      39.99
NANCHONG AIRPORT INVEST     6.80    01/26/22       CNY      40.18
NANCHONG ECONOMIC DEVEL     8.28    04/21/21       CNY      20.11
NANCHONG ECONOMIC DEVEL     8.28    04/21/21       CNY      31.20
NANJING BAIXIA STATE-OW     3.98    03/29/23       CNY      59.90
NANJING BAIXIA STATE-OW     3.98    03/29/23       CNY      60.07
NANJING HEXI NEW TOWN A     3.47    06/17/21       CNY      40.01
NANJING HEXI NEW TOWN A     3.20    07/22/21       CNY      39.76
NANJING JIANGNING ECONO     7.94    04/14/24       CNY      64.04
NANJING JIANGNING URBAN     3.48    11/11/23       CNY      59.46
NANJING JIANGNING URBAN     3.48    11/11/23       CNY      59.66
NANJING JIANYE SCIENCE      4.37    06/24/23       CNY      60.00
NANJING JIANYE SCIENCE      4.37    06/24/23       CNY      60.12
NANJING LISHUI ECONOMIC     6.27    09/22/21       CNY      20.23
NANJING LISHUI ECONOMIC     6.27    09/22/21       CNY      21.29
NANJING LISHUI ECONOMIC     3.41    11/09/23       CNY      59.03
NANJING LISHUI ECONOMIC     3.41    11/09/23       CNY      59.50
NANJING LISHUI URBAN CO     4.97    04/28/23       CNY      59.94
NANJING LISHUI URBAN CO     4.97    04/28/23       CNY      60.65
NANJING METRO GROUP CO      3.29    08/29/23       CNY      59.40
NANJING METRO GROUP CO      3.29    08/29/23       CNY      59.76
NANJING QIXIA STATE-OWN     4.10    06/24/23       CNY      59.67
NANJING QIXIA STATE-OWN     4.10    06/24/23       CNY      60.23
NANJING STATE OWNED ASS     5.60    03/06/23       CNY      45.96
NANJING STATE OWNED ASS     5.60    03/06/23       CNY      46.10
NANJING TANGSHAN CONSTR     6.80    06/30/21       CNY      20.13
NANJING TANGSHAN CONSTR     6.80    06/30/21       CNY      26.80
NANNING HI-TECH INDUSTR     4.28    03/25/23       CNY      55.20
NANNING HI-TECH INDUSTR     4.28    03/25/23       CNY      59.29
NANNING HI-TECH INDUSTR     3.82    10/20/23       CNY      58.01
NANNING HI-TECH INDUSTR     3.82    10/20/23       CNY      58.41
NANNING LVGANG CONSTRUC     7.30    06/27/21       CNY      19.64
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     7.15    04/18/21       CNY      20.07
NANTONG CHONGCHUAN URBA     7.15    04/18/21       CNY      25.40
NANTONG CHONGCHUAN URBA     5.70    07/21/22       CNY      70.00
NANTONG CHONGCHUAN URBA     5.70    07/21/22       CNY      71.22
NANTONG CITY GANGZHA DI     3.80    09/06/21       CNY      39.79
NANTONG CITY GANGZHA DI     3.80    09/06/21       CNY      39.85
NANTONG CITY TONGZHOU D     3.75    07/07/23       CNY      59.44
NANTONG CITY TONGZHOU D     3.75    07/07/23       CNY      60.13
NANTONG HIGH TECHNOLOGY     5.00    10/19/22       CNY      40.38
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      40.36
NANYANG HIGH-TECH DISTR     6.45    04/29/23       CNY      60.27
NANYANG HIGH-TECH DISTR     6.45    04/29/23       CNY      61.14
NANZHANG COUNTY CONSTRU     6.00    01/20/24       CNY      59.86
NANZHANG COUNTY CONSTRU     6.00    01/20/24       CNY      62.05
NEIJIANG CITY XINGYUAN      4.28    08/16/23       CNY      58.17
NEIJIANG CITY XINGYUAN      4.28    08/16/23       CNY      58.29
NEIJIANG INVESTMENT HOL     7.99    04/24/21       CNY      20.10
NEIJIANG INVESTMENT HOL     7.99    04/24/21       CNY      28.53
NEIJIANG STATE-OWNED AS     6.20    04/12/23       CNY      59.64
NEIJIANG STATE-OWNED AS     6.20    04/12/23       CNY      59.68
NEIJINAG CONSTRUCTION E     5.03    12/25/22       CNY      36.36
NEIJINAG CONSTRUCTION E     5.03    12/25/22       CNY      39.60
NEOGLORY HOLDING GROUP      8.10    11/23/18       CNY      72.00
NEOGLORY HOLDING GROUP      8.00    09/25/20       CNY      60.00
NEOGLORY HOLDING GROUP      8.00    10/22/20       CNY      56.00
NINGBO CITY HAISHU GUAN     7.75    03/06/21       CNY      20.07
NINGBO CITY HAISHU GUAN     7.75    03/06/21       CNY      26.30
NINGBO CITY ZHENHAI INV     5.85    12/04/21       CNY      20.32
NINGBO CITY ZHENHAI INV     5.85    12/04/21       CNY      20.36
NINGBO ECONOMIC & TECHN     7.09    04/21/21       CNY      20.15
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      20.22
NINGHAI CITY INVESTMENT     7.99    04/16/21       CNY      20.20
NINGHAI CITY INVESTMENT     7.99    04/16/21       CNY      20.70
NINGXIANG CITY CONSTRUC     6.70    01/20/22       CNY      20.20
NINGXIANG CITY CONSTRUC     6.70    01/20/22       CNY      20.52
NINGXIANG ECONOMIC TECH     8.20    04/16/21       CNY      20.15
NINGXIANG ECONOMIC TECH     3.87    01/27/23       CNY      59.63
NINGXIANG ECONOMIC TECH     3.87    01/27/23       CNY      60.00
NINGXIANG STATE-OWNED A     4.89    06/03/23       CNY      59.20
NINGXIANG STATE-OWNED A     4.89    06/03/23       CNY      59.53
NINGXIANG STATE-OWNED A     3.88    11/02/23       CNY      58.89
NINGXIANG STATE-OWNED A     3.88    11/02/23       CNY      59.02
ONE BELT ONE ROAD JIANG     4.70    07/15/23       CNY      60.12
ONE BELT ONE ROAD JIANG     4.70    07/15/23       CNY      60.19
PANJIN CITY SHUANGTAIZI     7.25    01/22/22       CNY      20.02
PANJIN CITY SHUANGTAIZI     7.25    01/22/22       CNY      20.76
PANJIN WATER GROUP CO L     5.18    10/28/23       CNY      56.98
PANJIN WATER GROUP CO L     5.18    10/28/23       CNY      59.33
PANSHAN COUNTY STATE-OW     7.48    01/21/22       CNY      20.32
PANSHAN COUNTY STATE-OW     7.48    01/21/22       CNY      20.32
PANZHIHUA STATE OWNED A     7.60    03/05/21       CNY      20.06
PANZHIHUA STATE OWNED A     7.60    03/05/21       CNY      20.32
PANZHIHUA STATE OWNED A     8.18    03/13/22       CNY      40.00
PANZHIHUA STATE OWNED A     8.18    03/13/22       CNY      40.70
PEIXIAN CITY INVESTMENT     5.20    11/10/22       CNY      40.00
PEIXIAN CITY INVESTMENT     5.20    11/10/22       CNY      40.18
PEKING UNIVERSITY FOUND     6.20    05/31/20       CNY      11.00
PEKING UNIVERSITY FOUND     6.15    07/23/20       CNY      11.00
PEKING UNIVERSITY FOUND     6.30    09/12/20       CNY      11.00
PEKING UNIVERSITY FOUND     4.80    07/26/21       CNY      11.00
PEKING UNIVERSITY FOUND     6.10    08/22/21       CNY      11.00
PEKING UNIVERSITY FOUND     5.99    11/02/21       CNY      11.00
PEKING UNIVERSITY FOUND     5.80    01/28/22       CNY      11.00
PEKING UNIVERSITY FOUND     6.68    08/09/23       CNY      11.00
PEKING UNIVERSITY FOUND     6.50    11/16/23       CNY      11.00
PEKING UNIVERSITY FOUND     6.30    03/04/24       CNY      11.00
PENGZHOU STATE-PENGZHOU     3.95    10/20/23       CNY      57.19
PENGZHOU STATE-PENGZHOU     3.95    10/20/23       CNY      58.09
PINGHU CITY INVESTMENT      5.13    04/29/23       CNY      60.51
PINGHU CITY INVESTMENT      5.13    04/29/23       CNY      60.58
PINGHU ECONOMIC DEVELOP     7.99    04/17/21       CNY      20.10
PINGHU ECONOMIC DEVELOP     7.99    04/17/21       CNY      20.66
PINGLIANG CULTURAL & TO     6.85    11/30/22       CNY      36.00
PINGLIANG CULTURAL & TO     6.85    11/30/22       CNY      40.46
PINGTAN COMPREHENSIVE P     3.92    01/29/23       CNY      60.00
PINGTAN COMPREHENSIVE P     3.92    01/29/23       CNY      60.14
PINGXIANG CHANGXING INV     5.26    04/11/23       CNY      59.12
PINGXIANG CHANGXING INV     5.26    04/11/23       CNY      59.51
PINGXIANG HUIFENG INVES     6.60    01/26/22       CNY      40.01
PINGXIANG HUIFENG INVES     6.60    01/26/22       CNY      40.54
PINGYANG STATE-OWNED AS     4.97    01/08/23       CNY      40.00
PINGYANG STATE-OWNED AS     4.97    01/08/23       CNY      40.15
PIZHOU CITY HENGRUN INV     6.46    12/05/21       CNY      20.20
PIZHOU CITY HENGRUN INV     6.46    12/05/21       CNY      22.46
PIZHOU ECONOMIC DEVELOP     5.00    10/29/22       CNY      39.49
PIZHOU ECONOMIC DEVELOP     5.00    10/29/22       CNY      40.00
PUTIAN HIGH TECHNOLOGY      5.90    05/03/22       CNY      49.63
PUTIAN HIGH TECHNOLOGY      5.90    05/03/22       CNY      49.63
QIANAN URBAN CONSTRUCTI     8.88    01/23/21       CNY      20.00
QIANAN URBAN CONSTRUCTI     8.88    01/23/21       CNY      20.00
QIANAN URBAN CONSTRUCTI     7.19    08/11/21       CNY      20.00
QIANAN URBAN CONSTRUCTI     7.19    08/11/21       CNY      20.21
QIANAN XINGYUAN WATER I     6.25    04/22/22       CNY      40.34
QIANAN XINGYUAN WATER I     6.25    04/22/22       CNY      46.90
QIANDONGNAN TRANSPORTAT     5.79    12/21/22       CNY      37.20
QIANDONGNAN TRANSPORTAT     5.79    12/21/22       CNY      37.78
QIANDONGNANZHOU KAIHONG     5.30    09/22/26       CNY      63.88
QIANDONGNANZHOU KAIHONG     5.30    09/22/26       CNY      63.98
QIANJIANG URBAN CONSTRU     8.38    04/22/21       CNY      20.17
QIANJIANG URBAN CONSTRU     8.38    04/22/21       CNY      20.35
QIANJIANG URBAN CONSTRU     5.19    12/21/22       CNY      39.96
QIANJIANG URBAN CONSTRU     5.19    12/21/22       CNY      40.00
QIANNANZHOU INVESTMENT      6.43    03/09/22       CNY      39.58
QIANXINAN AUTONOMOUS RE     5.90    06/22/23       CNY      59.05
QIANXINAN AUTONOMOUS RE     5.90    06/22/23       CNY      59.83
QICHUN COUNTY CONSTRUCT     4.96    10/18/23       CNY      57.60
QICHUN COUNTY CONSTRUCT     4.96    10/18/23       CNY      57.81
QIDONG COMMUNICATIONS I     4.00    03/18/23       CNY      59.75
QIDONG STATE-OWNED ASSE     7.30    11/20/22       CNY      31.01
QIDONG STATE-OWNED ASSE     4.00    03/09/23       CNY      59.30
QIDONG STATE-OWNED ASSE     4.00    03/09/23       CNY      60.05
QIDONG URBAN CONSTRUCTI     8.20    04/04/21       CNY      20.20
QIDONG URBAN CONSTRUCTI     8.20    04/04/21       CNY      20.46
QIDONG URBAN CONSTRUCTI     7.90    04/28/21       CNY      20.14
QIHE CITY OPERATION CON     5.10    03/07/23       CNY      59.51
QIHE CITY OPERATION CON     5.10    03/07/23       CNY      59.61
QINGDAO CHANGYANG INVES     3.73    09/12/23       CNY      59.09
QINGDAO CHANGYANG INVES     3.73    09/12/23       CNY      59.09
QINGDAO CONSON DEVELOPM     6.40    12/12/22       CNY      31.17
QINGDAO CONSON DEVELOPM     6.40    12/12/22       CNY      31.20
QINGDAO HICREAT DEVELOP     6.88    04/25/21       CNY      20.13
QINGDAO HICREAT DEVELOP     6.88    04/25/21       CNY      21.13
QINGDAO JIAOZHOU BAY DE     6.33    09/18/21       CNY      20.35
QINGDAO JIAOZHOU BAY DE     6.33    09/18/21       CNY      21.30
QINGDAO JIMO CITY TOURI     5.47    11/17/21       CNY      20.29
QINGDAO JIMO CITY TOURI     5.47    11/17/21       CNY      21.00
QINGDAO LAIXI CITY ASSE     7.50    03/06/21       CNY      20.08
QINGDAO LAIXI CITY ASSE     7.50    03/06/21       CNY      28.79
QINGDAO OCEAN INVESTMEN     4.36    05/12/23       CNY      59.57
QINGDAO OCEAN INVESTMEN     4.36    05/12/23       CNY      60.20
QINGDAO WEST COAST DEVE     4.26    06/06/23       CNY      59.68
QINGDAO WEST COAST DEVE     4.26    06/06/23       CNY      60.08
QINGHAI PROVINCIAL INVE     7.25    02/22/20       USD      29.41
QINGHAI PROVINCIAL INVE     7.88    03/22/21       USD      30.00
QINGHAI PROVINCIAL INVE     6.40    07/10/21       USD      31.16
QINGHAI STATE-OWNED ASS     5.90    12/17/22       CNY      56.00
QINGHAI STATE-OWNED ASS     5.40    05/21/23       CNY      30.45
QINGHAI STATE-OWNED ASS     6.38    08/14/28       CNY      44.63
QINGHAI STATE-OWNED ASS     7.20    11/25/28       CNY      44.63
QINGHAI STATE-OWNED ASS     6.70    10/10/29       CNY      44.63
QINGYANG CITY ECONOMIC      7.98    04/16/21       CNY      20.08
QINGYANG CITY ECONOMIC      7.98    04/16/21       CNY      20.08
QINGZHOU HONGYUAN PUBLI     7.59    05/29/21       CNY      20.06
QINHUANGDAO CITY DEVELO     4.69    04/14/23       CNY      59.19
QINHUANGDAO CITY DEVELO     4.69    04/14/23       CNY      60.11
QINHUANGDAO DEVELOPMENT     8.45    04/18/21       CNY      20.15
QINHUANGDAO DEVELOPMENT     8.45    04/18/21       CNY      21.28
QINHUANGDAO DEVELOPMENT     4.07    08/26/23       CNY      57.57
QINHUANGDAO DEVELOPMENT     4.07    08/26/23       CNY      58.39
QINZHOU BINHAI NEW CITY     6.99    07/07/21       CNY      20.00
QINZHOU BINHAI NEW CITY     6.99    07/07/21       CNY      20.00
QIONGLAI CITY CONSTRUCT     6.98    03/25/22       CNY      40.36
QIONGLAI CITY CONSTRUCT     6.98    03/25/22       CNY      40.80
QUANJIAO URBAN INFRASTR     5.10    05/18/23       CNY      59.90
QUANJIAO URBAN INFRASTR     5.10    05/18/23       CNY      60.11
QUJING CITY QILIN DISTR     5.37    11/26/22       CNY      39.67
QUJING CITY QILIN DISTR     5.37    11/26/22       CNY      41.95
QUJING DEVELOPMENT INVE     7.48    04/28/21       CNY      20.13
QUJING DEVELOPMENT INVE     7.48    04/28/21       CNY      22.55
QUJING ECO TECH DEVELOP     7.48    07/21/21       CNY      19.92
QUJING ECO TECH DEVELOP     7.48    07/21/21       CNY      20.04
QUJING ECO TECH DEVELOP     5.75    06/01/23       CNY      59.44
QUJING ECO TECH DEVELOP     5.75    06/01/23       CNY      59.92
QUZHOU STATE OWNED ASSE     7.20    04/21/21       CNY      20.19
QUZHOU STATE OWNED ASSE     7.20    04/21/21       CNY      23.42
RENHUAI CITY DEVELOPMEN     8.09    05/16/21       CNY      20.24
RENHUAI CITY DEVELOPMEN     8.09    05/16/21       CNY      20.25
RENHUAI CITY DEVELOPMEN     5.12    04/14/23       CNY      58.39
RENHUAI CITY DEVELOPMEN     5.12    04/14/23       CNY      58.41
RENQIU CONSTRUCTION INV     5.68    11/18/22       CNY      40.81
RENQIU CONSTRUCTION INV     5.68    11/18/22       CNY      41.09
RENSHOU DEVELOPMENT OF      6.42    12/22/22       CNY      40.00
RENSHOU DEVELOPMENT OF      6.42    12/22/22       CNY      40.14
REWARD SCIENCE AND TECH     5.53    07/05/21       CNY      29.10
REWARD SCIENCE AND TECH     6.40    03/03/22       CNY      70.00
RIGHT WAY REAL ESTATE D     8.00    07/15/21       CNY      43.89
RIZHAO CITY CONSTRUCTIO     3.98    12/07/22       CNY      39.63
RUDONG COUNTY DONGTAI S     6.99    06/20/21       CNY      20.17
RUDONG COUNTY DONGTAI S     6.99    06/20/21       CNY      25.90
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 JINXIN TR     3.80    07/26/23       CNY      59.45
RUDONG COUNTY JINXIN TR     3.80    07/26/23       CNY      59.62
RUDONG COUNTY JINXIN TR     4.57    07/26/23       CNY      59.73
RUDONG COUNTY JINXIN TR     4.57    07/26/23       CNY      59.77
RUDONG COUNTY KAITAI CI     4.57    01/08/23       CNY      39.88
RUDONG NEW WORLD INVEST     4.37    07/18/23       CNY      59.50
RUDONG NEW WORLD INVEST     4.37    07/18/23       CNY      59.66
RUGAO COMMUNICATIONS CO     3.74    03/23/23       CNY      59.53
RUGAO COMMUNICATIONS CO     3.74    03/23/23       CNY      59.88
RUGAO ECONOMIC & TRADE      3.95    03/24/23       CNY      59.87
RUGAO ECONOMIC & TRADE      3.95    03/24/23       CNY      60.00
RUGAO YANJIANG DEVELOPM     8.60    01/24/21       CNY      20.00
RUGAO YANJIANG DEVELOPM     8.60    01/24/21       CNY      20.05
RUIAN STATE OWNED ASSET     4.56    01/27/23       CNY      59.79
RUIAN STATE OWNED ASSET     4.56    01/27/23       CNY      60.23
RUICHANG CITY INVESTMEN     5.68    03/25/23       CNY      60.70
RUICHANG CITY INVESTMEN     5.68    03/25/23       CNY      60.70
RUICHANG CITY INVESTMEN     5.50    06/17/23       CNY      59.94
RUICHANG CITY INVESTMEN     5.50    06/17/23       CNY      60.69
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     6.30    09/16/21       CNY      25.12
RUZHOU CITY XINYUAN INV     4.43    09/26/23       CNY      56.18
RUZHOU CITY XINYUAN INV     4.43    09/26/23       CNY      56.20
SANMEN COUNTY STATE-OWN     6.85    10/29/21       CNY      20.00
SANMEN COUNTY STATE-OWN     6.85    10/29/21       CNY      20.26
SANMEN COUNTY STATE-OWN     6.80    03/18/22       CNY      40.00
SANMEN COUNTY STATE-OWN     6.80    03/18/22       CNY      40.69
SANMING TRANSPORTATION      3.68    03/29/23       CNY      59.53
SHAANXI ANKANG HIGH TEC     8.78    09/17/21       CNY      20.38
SHAANXI ANKANG HIGH TEC     8.78    09/17/21       CNY      27.00
SHAANXI XIXIAN NEW AREA     5.10    06/06/23       CNY      59.33
SHAANXI XIXIAN NEW AREA     5.10    06/06/23       CNY      59.35
SHAANXI XIXIAN NEW AREA     6.85    08/15/21       CNY      19.80
SHAANXI XIXIAN NEW AREA     6.85    08/15/21       CNY      20.06
SHAANXI XIXIAN NEW AREA     6.89    01/05/22       CNY      20.12
SHAANXI XIXIAN NEW AREA     6.89    01/05/22       CNY      23.10
SHAANXI XIXIAN NEW AREA     5.15    11/27/22       CNY      39.83
SHAANXI XIXIAN NEW AREA     5.15    11/27/22       CNY      41.01
SHANDONG BORUN INDUSTRI     6.50    11/02/21       CNY      33.24
SHANDONG BOXING COUNTY      8.00    12/22/21       CNY      20.58
SHANDONG BOXING COUNTY      8.00    12/22/21       CNY      20.62
SHANDONG CENTURY SUNSHI     8.19    07/21/21       CNY      20.36
SHANDONG CENTURY SUNSHI     8.19    07/21/21       CNY      20.37
SHANDONG FUYU CHEMICAL      7.70    09/18/22       CNY      70.00
SHANDONG GAOCHUANG CONS     6.05    06/18/22       CNY      40.50
SHANDONG GAOCHUANG CONS     6.05    06/18/22       CNY      42.45
SHANDONG HONGHE HOLDING     8.50    06/23/21       CNY      20.29
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     6.20    05/30/21       CNY       9.50
SHANDONG SNTON GROUP CO     5.18    09/08/21       CNY       8.52
SHANDONG TAIYANG INDUST     5.97    03/02/21       CNY      42.70
SHANDONG TENGJIAN INVES     6.00    06/08/22       CNY      40.00
SHANDONG TENGJIAN INVES     6.00    06/08/22       CNY      40.12
SHANDONG WANTONG PETROL     7.97    11/29/21       CNY       0.20
SHANGHAI CAOHEJING HI-T     7.24    04/09/21       CNY      20.13
SHANGHAI CAOHEJING HI-T     7.24    04/09/21       CNY      20.13
SHANGHAI JIADING ROAD C     6.80    04/23/21       CNY      20.17
SHANGHAI JIADING ROAD C     6.80    04/23/21       CNY      20.75
SHANGHAI LAKE DIANSHAN      5.95    01/30/21       CNY      24.99
SHANGHAI LAKE DIANSHAN      5.95    01/30/21       CNY      25.75
SHANGHAI MINHANG URBAN      5.63    04/20/22       CNY      40.55
SHANGHAI MINHANG URBAN      5.63    04/20/22       CNY      40.79
SHANGHAI MUNICIPAL INVE     4.80    11/05/24       CNY      61.30
SHANGHAI MUNICIPAL INVE     4.80    11/05/24       CNY      61.60
SHANGHAI NANHUI URBAN C     6.04    08/20/21       CNY      20.31
SHANGHAI NANHUI URBAN C     6.04    08/20/21       CNY      20.33
SHANGHAI PUTAILAI NEW E     5.50    03/19/21       CNY      66.67
SHANGHAI URBAN CONSTRUC     3.50    01/06/23       CNY      39.40
SHANGHAI URBAN CONSTRUC     3.50    01/06/23       CNY      40.03
SHANGRAO CITY STATE-OWN     4.65    01/29/23       CNY      60.02
SHANGRAO CITY STATE-OWN     4.65    01/29/23       CNY      60.22
SHANTOU CITY CONSTRUCTI     8.57    03/23/22       CNY      30.88
SHANTOU INVESTMENT HOLD     7.99    03/04/24       CNY      63.50
SHANTOU INVESTMENT HOLD     7.99    03/04/24       CNY      63.55
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      70.29
SHAOGUAN URBAN INVESTME     3.67    10/25/24       CNY      68.56
SHAOGUAN URBAN INVESTME     3.67    10/25/24       CNY      68.68
SHAOWU URBAN CONSTRUCTI     5.88    09/11/22       CNY      40.08
SHAOWU URBAN CONSTRUCTI     5.88    09/11/22       CNY      43.39
SHAOXING CHENGZHONGCUN      6.09    04/27/22       CNY      40.39
SHAOXING CHENGZHONGCUN      6.09    04/27/22       CNY      40.51
SHAOXING CITY INVESTMEN     5.75    04/17/22       CNY      40.75
SHAOXING CITY INVESTMEN     5.75    04/17/22       CNY      48.00
SHAOXING CITY KEQIAO DI     6.40    08/20/21       CNY      20.22
SHAOXING CITY KEQIAO DI     6.40    08/20/21       CNY      20.48
SHAOXING JINGHU NEW DIS     6.13    04/30/22       CNY      40.57
SHAOXING KEQIAO CITY CO     3.64    09/19/23       CNY      59.17
SHAOXING KEQIAO CITY CO     3.64    09/19/23       CNY      59.26
SHAOXING KEQIAO ECONOMI     7.00    12/10/21       CNY      20.00
SHAOXING KEQIAO ECONOMI     7.00    12/10/21       CNY      20.45
SHAOXING KEYAN CONSTRUC     6.28    03/24/22       CNY      40.00
SHAOXING KEYAN CONSTRUC     6.28    03/24/22       CNY      40.44
SHAOXING PAOJIANG INDUS     6.98    05/29/21       CNY      20.16
SHAOXING PAOJIANG INDUS     6.98    05/29/21       CNY      23.90
SHAOXING SHANGYU ECONOM     4.76    04/11/23       CNY      59.73
SHAOXING SHANGYU ECONOM     4.76    04/11/23       CNY      60.13
SHAOXING SHANGYU URBAN      6.80    08/07/21       CNY      20.26
SHAOXING SHANGYU URBAN      6.80    08/07/21       CNY      21.15
SHAOYANG BAOQING INDUST     5.78    07/04/26       CNY      69.31
SHAOYANG DULIANG INVEST     5.50    04/13/23       CNY      58.94
SHAOYANG DULIANG INVEST     5.50    04/13/23       CNY      59.74
SHENGZHOU INVESTMENT HO     7.60    07/17/21       CNY      20.39
SHENGZHOU INVESTMENT HO     7.60    07/17/21       CNY      20.59
SHENMU CITY STATE-OWNED     7.28    06/23/21       CNY      20.22
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      40.37
SHENYANG ECONOMIC AFFOR     7.17    04/29/22       CNY      38.00
SHENYANG ECONOMIC AFFOR     7.17    04/29/22       CNY      39.71
SHENYANG TIEXI STATE-OW     6.00    01/14/22       CNY      20.02
SHENYANG TIEXI STATE-OW     6.00    01/14/22       CNY      27.50
SHENZHEN METRO GROUP CO     5.40    03/25/23       CNY      45.38
SHENZHEN METRO GROUP CO     6.75    01/24/24       CNY      46.80
SHIJIAZHUANG HUTUO NEW      5.28    12/24/25       CNY      55.00
SHIJIAZHUANG HUTUO NEW      5.28    12/24/25       CNY      55.50
SHIJIAZHUANG STATE-OWNE     5.75    04/09/22       CNY      40.60
SHIJIAZHUANG STATE-OWNE     5.75    04/09/22       CNY      47.20
SHIJIAZHUANG URBAN CONS     6.55    03/09/21       CNY      40.24
SHISHI CITY CONSTRUCTIO     6.10    05/04/22       CNY      40.62
SHIYAN ECO DEVELOPMENT      3.98    08/05/23       CNY      59.11
SHIYAN ECO DEVELOPMENT      3.98    08/05/23       CNY      59.35
SHIYAN STATE-OWNED CAPI     6.58    08/20/21       CNY      20.00
SHIYAN STATE-OWNED CAPI     6.58    08/20/21       CNY      20.31
SHIYAN STATE-OWNED CAPI     4.88    01/11/26       CNY      69.72
SHIYAN STATE-OWNED CAPI     4.88    01/11/26       CNY      70.00
SHIZHU TUJIA HONGSHENG      7.00    11/13/24       CNY      64.00
SHUCHENG COUNTY URBAN C     5.50    04/29/23       CNY      60.67
SHUCHENG COUNTY URBAN C     5.50    04/29/23       CNY      60.68
SHUYANG JINGYUAN ASSET      7.39    04/14/21       CNY      20.00
SHUYANG JINGYUAN ASSET      7.39    04/14/21       CNY      20.12
SHUYANG JINGYUAN ASSET      5.49    09/11/22       CNY      40.20
SHUYANG JINGYUAN ASSET      5.49    09/11/22       CNY      46.00
SICHUAN COAL GASIFICATI     7.00    04/18/23       CNY      59.65
SICHUAN COAL GASIFICATI     7.00    12/14/23       CNY      61.23
SICHUAN COAL INDUSTRY G     7.70    01/09/18       CNY      45.00
SICHUAN LANGZHONG FAMOU     5.60    04/19/23       CNY      59.54
SICHUAN LANGZHONG FAMOU     5.60    04/19/23       CNY      59.81
SICHUAN LONGYANG TIANFU     5.45    05/27/23       CNY      59.74
SICHUAN LONGYANG TIANFU     5.45    05/27/23       CNY      60.48
SICHUAN NAXING INDUSTRI     7.17    09/11/21       CNY      19.98
SICHUAN NAXING INDUSTRI     7.17    09/11/21       CNY      20.00
SICHUAN NAXING INDUSTRI     6.80    08/18/22       CNY      51.24
SICHUAN NAXING INDUSTRI     6.80    08/18/22       CNY      51.24
SICHUAN NAXING INDUSTRI     4.68    03/31/23       CNY      58.94
SICHUAN NAXING INDUSTRI     4.68    03/31/23       CNY      60.15
SICHUAN TIANYIN INDUSTR     6.79    03/25/22       CNY      40.28
SICHUAN TIANYIN INDUSTR     6.79    03/25/22       CNY      48.00
SIHONG COUNTY HONG YUAN     6.15    03/16/22       CNY      40.30
SIHONG COUNTY HONG YUAN     6.15    03/16/22       CNY      40.35
SIHUI STATE OWNED ASSET     4.59    01/14/23       CNY      39.31
SIHUI STATE OWNED ASSET     4.59    01/14/23       CNY      39.92
SIYANG COUNTY MINKANG R     4.94    01/21/23       CNY      40.56
SIYANG COUNTY MINKANG R     4.94    01/21/23       CNY      59.52
SLENDER WEST LAKE TOURI     6.80    06/25/21       CNY      20.00
SLENDER WEST LAKE TOURI     6.80    06/25/21       CNY      20.29
SONGYUAN URBAN DEVELOPM     5.79    12/04/21       CNY      19.86
SONGYUAN URBAN DEVELOPM     5.79    12/04/21       CNY      20.78
SUINING CITY HEDONG DEV     8.36    04/17/21       CNY      20.14
SUINING CITY HEDONG DEV     8.36    04/17/21       CNY      27.82
SUINING COUNTY RUNQI IN     7.10    06/25/21       CNY      20.16
SUINING COUNTY RUNQI IN     7.10    06/25/21       CNY      20.25
SUINING COUNTY RUNQI IN     5.42    11/20/22       CNY      39.95
SUINING COUNTY RUNQI IN     5.42    11/20/22       CNY      40.00
SUINING FUYUAN INDUSTRY     6.39    03/17/22       CNY      39.78
SUINING FUYUAN INDUSTRY     6.39    03/17/22       CNY      44.18
SUINING FUYUAN INDUSTRY     5.34    12/02/23       CNY      57.32
SUINING FUYUAN INDUSTRY     5.34    12/02/23       CNY      59.15
SUINING KAIDA INVESTMEN     8.69    04/21/21       CNY      20.00
SUINING KAIDA INVESTMEN     8.69    04/21/21       CNY      20.18
SUINING KAIDA INVESTMEN     4.89    04/08/23       CNY      57.97
SUINING KAIDA INVESTMEN     4.89    04/08/23       CNY      58.02
SUINING ROUGANG INVESTM     5.65    01/24/24       CNY      58.93
SUIZHOU DEVELOPMENT INV     8.40    04/30/21       CNY      20.17
SUIZHOU DEVELOPMENT INV     8.40    04/30/21       CNY      20.71
SUIZHOU HIGH-TECH INDUS     4.47    03/25/23       CNY      59.07
SUIZHOU HIGH-TECH INDUS     4.47    03/25/23       CNY      59.08
SUIZHOU URBAN CONSTRUCT     7.18    09/02/21       CNY      20.30
SUIZHOU URBAN CONSTRUCT     7.18    09/02/21       CNY      21.20
SUIZHOU YULONG WATER SU     6.10    03/28/23       CNY      60.05
SUNING.COM CO LTD           5.00    03/13/23       CNY      65.00
SUZHOU CITY CONSTRUCTIO     3.89    03/24/23       CNY      60.05
SUZHOU CITY CONSTRUCTIO     3.89    03/24/23       CNY      60.05
SUZHOU CITY HENGCHENG C     4.40    03/01/23       CNY      60.70
SUZHOU CITY HENGCHENG C     4.40    03/01/23       CNY      61.34
SUZHOU FENHU INVESTMENT     7.49    02/28/21       CNY      20.00
SUZHOU FENHU INVESTMENT     7.49    02/28/21       CNY      20.05
SUZHOU NEW & HIGH-TECH      4.18    03/23/23       CNY      59.36
SUZHOU NEW & HIGH-TECH      4.18    03/23/23       CNY      59.76
SUZHOU SND GROUP CO LTD     6.20    07/22/21       CNY      20.25
SUZHOU SND GROUP CO LTD     6.20    07/22/21       CNY      20.45
SUZHOU WUJIANG DISTRICT     5.25    07/08/22       CNY      40.60
SUZHOU WUJIANG DISTRICT     5.25    07/08/22       CNY      40.72
SUZHOU XIANGCHENG URBAN     6.95    03/19/21       CNY      20.08
SUZHOU XIANGCHENG URBAN     6.95    03/19/21       CNY      22.60
TAIAN TAISHAN HOLDINGS      5.50    04/26/23       CNY      59.73
TAIAN TAISHAN HOLDINGS      5.50    04/26/23       CNY      60.16
TAICANG ASSETS MANAGEME     7.00    02/27/21       CNY      20.04
TAICANG ASSETS MANAGEME     7.00    02/27/21       CNY      20.07
TAICANG SCIENCE EDUCATI     5.54    08/28/22       CNY      40.55
TAICANG SCIENCE EDUCATI     5.54    08/28/22       CNY      44.65
TAIXING CITY HONGQIAO Y     5.03    10/29/22       CNY      39.53
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      20.12
TAIYUAN STATE-OWNED INV     7.20    03/19/21       CNY      20.11
TAIYUAN STATE-OWNED INV     7.20    03/19/21       CNY      26.50
TAIZHOU CITY CONSTRUCTI     6.92    10/16/23       CNY      47.27
TAIZHOU CITY CONSTRUCTI     6.92    10/16/23       CNY      47.55
TAIZHOU HAILING CITY DE     4.60    12/14/22       CNY      39.00
TAIZHOU HAILING CITY DE     4.60    12/14/22       CNY      40.02
TAIZHOU JIAOJIANG STATE     6.18    07/06/22       CNY      40.81
TAIZHOU JIAOJIANG STATE     6.18    07/06/22       CNY      44.00
TAIZHOU JINDONG URBAN C     5.10    06/02/23       CNY      59.48
TAIZHOU JINDONG URBAN C     5.10    06/02/23       CNY      59.98
TAIZHOU XINBINJIANG DEV     7.60    03/05/21       CNY      20.08
TAIZHOU XINBINJIANG DEV     7.60    03/05/21       CNY      21.00
TAIZHOU XINTAI GROUP CO     4.07    03/23/23       CNY      59.80
TAIZHOU XINTAI GROUP CO     4.07    03/23/23       CNY      59.88
TIANCHANG CITY CONSTRUC     4.99    12/05/23       CNY      55.31
TIANCHANG CITY CONSTRUC     4.99    12/05/23       CNY      59.12
TIANJIN BEICHEN DISTRIC     7.00    04/21/21       CNY      20.00
TIANJIN BEICHEN DISTRIC     7.00    04/21/21       CNY      27.15
TIANJIN BEICHEN TECHNOL     6.87    08/20/21       CNY      19.81
TIANJIN BEICHEN TECHNOL     6.87    08/20/21       CNY      27.00
TIANJIN BOHAI STATE-OWN     3.82    04/18/23       CNY      59.13
TIANJIN DONGFANG CAIXIN     5.19    01/29/22       CNY      39.59
TIANJIN DONGFANG CAIXIN     5.19    01/29/22       CNY      39.98
TIANJIN DONGLI CITY INF     4.28    12/02/22       CNY      39.96
TIANJIN ECONOMIC TECHNO     6.50    12/03/22       CNY      30.47
TIANJIN ECONOMIC TECHNO     6.50    12/03/22       CNY      31.30
TIANJIN GUANGCHENG INVE     7.45    07/24/21       CNY      19.98
TIANJIN GUANGCHENG INVE     7.45    07/24/21       CNY      29.00
TIANJIN GUANGCHENG INVE     6.97    02/22/23       CNY      44.24
TIANJIN GUANGCHENG INVE     5.40    04/20/23       CNY      58.04
TIANJIN GUANGCHENG INVE     5.40    04/20/23       CNY      58.59
TIANJIN HARBOR CONSTRUC     8.80    01/24/21       CNY      39.99
TIANJIN HARBOR CONSTRUC     8.00    04/01/21       CNY      40.05
TIANJIN HARBOR CONSTRUC     6.29    10/21/21       CNY      39.60
TIANJIN HUANCHENG URBAN     7.20    03/21/21       CNY      20.03
TIANJIN HUANCHENG URBAN     7.20    03/21/21       CNY      20.35
TIANJIN HUANCHENG URBAN     5.75    04/27/22       CNY      40.03
TIANJIN HUANCHENG URBAN     5.75    04/27/22       CNY      40.50
TIANJIN INFRASTRUCTURE      5.70    02/26/23       CNY      44.75
TIANJIN JINNAN CITY CON     6.50    06/03/21       CNY      19.93
TIANJIN LINGANG INVESTM     7.75    02/26/21       CNY      20.02
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      20.05
TIANJIN NINGHE DISTRICT     7.00    05/30/21       CNY      27.50
TIANJIN NINGHE INVESTME     5.50    04/22/23       CNY      59.31
TIANJIN NINGHE INVESTME     5.50    04/22/23       CNY      60.45
TIANJIN RAILWAY CONSTRU     5.58    04/13/25       CNY      71.98
TIANJIN RAILWAY CONSTRU     5.58    04/13/25       CNY      73.40
TIANJIN REAL ESTATE GRO     4.50    09/29/20       USD      73.75
TIANJIN REAL ESTATE TRU     8.59    03/13/21       CNY      19.50
TIANJIN WATER INVESTMEN     6.60    07/28/21       CNY      19.46
TIANJIN WATER INVESTMEN     6.60    07/28/21       CNY      21.80
TIANJIN WUQING ECONOMIC     6.65    09/12/21       CNY      19.53
TIANJIN WUQING ECONOMIC     6.65    09/12/21       CNY      19.97
TIANJIN WUQING STATE-OW     7.18    03/19/21       CNY      20.00
TIANJIN WUQING STATE-OW     7.18    03/19/21       CNY      20.07
TIANJIN WUQING STATE-OW     4.15    11/17/22       CNY      39.00
TIANJIN WUQING STATE-OW     4.15    11/17/22       CNY      40.03
TIANMEN CITY CONSTRUCTI     8.20    08/28/21       CNY      20.37
TIANMEN CITY CONSTRUCTI     8.20    08/28/21       CNY      25.16
TIANMEN CITY CONSTRUCTI     3.98    11/15/23       CNY      58.08
TIANMEN CITY CONSTRUCTI     3.98    11/15/23       CNY      58.29
TONGLING CONSTRUCTION I     4.12    03/14/23       CNY      59.67
TONGLING CONSTRUCTION I     4.12    03/14/23       CNY      60.00
TONGLU STATE-OWNED ASSE     8.09    04/18/21       CNY      20.17
TONGLU STATE-OWNED ASSE     8.09    04/18/21       CNY      20.98
TSINGHUA HOLDINGS CORP      4.10    08/24/21       CNY      66.77
TSINGHUA HOLDINGS CORP      3.15    10/25/21       CNY      48.64
TSINGHUA HOLDINGS CORP      4.95    08/08/22       CNY      36.40
TSINGHUA HOLDINGS CORP      5.30    03/26/23       CNY      42.00
TSINGHUA UNIGROUP CO LT     5.60    11/15/20       CNY      19.38
TSINGHUA UNIGROUP CO LT     6.20    03/16/21       CNY      19.38
TSINGHUA UNIGROUP CO LT     6.15    12/26/21       CNY      12.96
TSINGHUA UNIGROUP CO LT     4.94    03/25/22       CNY      16.55
TSINGHUA UNIGROUP CO LT     5.85    03/27/22       CNY      19.38
TSINGHUA UNIGROUP CO LT     6.00    08/14/22       CNY      19.38
TSINGHUA UNIGROUP CO LT     5.20    12/10/23       CNY      11.65
TSINGHUA UNIGROUP CO LT     5.11    01/25/24       CNY      13.00
TULUFAN DISTRICT STATE-     6.20    03/19/22       CNY      40.33
TUNGHSU GROUP CO LTD        6.55    03/13/22       CNY      45.00
ULANQAB CITY INVESTMENT     8.39    04/25/22       CNY      50.90
ULANQAB JINING DISTRICT     6.16    03/24/23       CNY      59.14
ULANQAB JINING DISTRICT     6.16    03/24/23       CNY      59.33
URUMQI ECO&TECH DEVELOP     6.40    04/13/22       CNY      40.00
URUMQI ECO&TECH DEVELOP     6.40    04/13/22       CNY      40.68
WAFANGDIAN COASTAL PROJ     3.98    02/01/23       CNY      58.40
WAFANGDIAN COASTAL PROJ     3.98    02/01/23       CNY      60.00
WANGCHENG ECONOMIC DEVE     6.57    01/22/22       CNY      20.42
WANGCHENG ECONOMIC DEVE     6.57    01/22/22       CNY      28.81
WANGCHENG ECONOMIC DEVE     3.75    07/13/23       CNY      59.67
WANGCHENG ECONOMIC DEVE     3.75    07/13/23       CNY      61.05
WEIFANG BINHAI INVESTME     6.16    04/16/21       CNY      25.07
WEIHAI LANCHUANG CONSTR     4.80    12/17/22       CNY      39.24
WEIHAI LANCHUANG CONSTR     4.80    12/17/22       CNY      39.39
WEIHAI URBAN CONSTRUCTI     3.33    03/02/23       CNY      58.40
WEIHAI URBAN CONSTRUCTI     3.33    03/02/23       CNY      59.58
WEIHAI WENDENG DISTRICT     3.64    10/26/23       CNY      58.51
WEIHAI WENDENG DISTRICT     3.64    10/26/23       CNY      58.72
WEIHAI WENDENG URBAN PR     4.80    05/26/23       CNY      59.18
WEIHAI WENDENG URBAN PR     4.80    05/26/23       CNY      59.36
WEINAN CITY INVESTMENT      6.09    03/11/22       CNY      40.00
WEINAN CITY INVESTMENT      6.09    03/11/22       CNY      40.33
WENDENG GOLDEN BEACH IN     3.97    03/21/23       CNY      58.87
WENDENG GOLDEN BEACH IN     3.97    03/21/23       CNY      59.39
WENSHAN URBAN CONSTRUCT     4.50    09/13/23       CNY      58.06
WENSHAN URBAN CONSTRUCT     4.50    09/13/23       CNY      58.76
WENZHOU CITY CONSTRUCTI     4.05    01/25/23       CNY      60.00
WENZHOU CITY CONSTRUCTI     4.05    01/25/23       CNY      60.21
WENZHOU CITY CONSTRUCTI     5.00    04/26/23       CNY      60.86
WENZHOU CITY CONSTRUCTI     5.00    04/26/23       CNY      60.97
WENZHOU GANGCHENG DEVEL     5.19    03/29/23       CNY      60.22
WENZHOU GANGCHENG DEVEL     5.19    03/29/23       CNY      60.22
WENZHOU HIGH-TECH INDUS     7.95    03/21/21       CNY      19.80
WENZHOU HIGH-TECH INDUS     7.95    03/21/21       CNY      20.12
WENZHOU HIGH-TECH INDUS     7.30    05/30/21       CNY      20.00
WENZHOU HIGH-TECH INDUS     7.30    05/30/21       CNY      20.16
WENZHOU LUCHENG CITY DE     5.58    11/03/21       CNY      20.22
WENZHOU OUHAI NEW CITY      3.98    10/26/23       CNY      59.31
WENZHOU OUHAI NEW CITY      3.98    10/26/23       CNY      59.51
WINTIME ENERGY CO LTD       7.00    07/05/18       CNY      43.63
WINTIME ENERGY CO LTD       7.30    08/06/18       CNY      43.63
WINTIME ENERGY CO LTD       7.00    08/25/18       CNY      43.63
WINTIME ENERGY CO LTD       6.78    10/23/18       CNY      43.63
WINTIME ENERGY CO LTD       7.00    12/15/18       CNY      43.63
WINTIME ENERGY CO LTD       7.00    03/19/19       CNY      43.63
WINTIME ENERGY CO LTD       7.00    04/26/19       CNY      43.63
WINTIME ENERGY CO LTD       7.70    11/15/20       CNY      43.63
WINTIME ENERGY CO LTD       7.50    11/16/20       CNY      43.63
WINTIME ENERGY CO LTD       7.50    12/06/20       CNY      43.63
WINTIME ENERGY CO LTD       7.90    12/22/20       CNY      43.63
WINTIME ENERGY CO LTD       7.90    03/29/21       CNY      43.63
WINTIME ENERGY CO LTD       7.50    04/04/21       CNY      43.63
WINTIME ENERGY CO LTD       4.75    07/07/22       CNY      43.63
WUHAI CITY CONSTRUCTION     8.19    04/21/21       CNY       5.42
WUHAI CITY CONSTRUCTION     8.19    04/21/21       CNY      20.12
WUHAN CHEDU CORP LTD        7.18    02/27/21       CNY      20.06
WUHAN CHEDU CORP LTD        7.18    02/27/21       CNY      20.96
WUHAN CITY HUANPI DISTR     6.43    09/17/21       CNY      20.28
WUHAN CITY HUANPI DISTR     6.43    09/17/21       CNY      23.02
WUHAN JIANGXIA URBAN CO     4.80    06/03/23       CNY      60.21
WUHAN JIANGXIA URBAN CO     4.80    06/03/23       CNY      60.27
WUHAN METRO GROUP CO LT     5.25    04/14/22       CNY      40.18
WUHAN METRO GROUP CO LT     5.25    04/14/22       CNY      40.58
WUHAN QIAOKOU STATE OWN     3.48    08/29/23       CNY      58.93
WUHAN QIAOKOU STATE OWN     3.48    08/29/23       CNY      59.44
WUHU COMMUNICATIONS INV     4.50    04/28/23       CNY      59.73
WUHU COMMUNICATIONS INV     4.50    04/28/23       CNY      59.74
WUHU COMMUNICATIONS INV     3.58    09/23/23       CNY      59.08
WUHU COMMUNICATIONS INV     3.58    09/23/23       CNY      59.12
WUHU COUNTY CONSTRUCTIO     6.60    12/08/21       CNY      20.20
WUHU COUNTY CONSTRUCTIO     6.60    12/08/21       CNY      26.35
WUHU JINGHU CONSTRUCTIO     4.37    07/20/23       CNY      59.48
WUHU JINGHU CONSTRUCTIO     4.37    07/20/23       CNY      59.67
WUHU JIUJIANG CONSTRUCT     8.49    04/14/21       CNY      20.00
WUHU JIUJIANG CONSTRUCT     8.49    04/14/21       CNY      20.19
WUHU JIUJIANG CONSTRUCT     3.96    03/21/23       CNY      57.60
WUHU JIUJIANG CONSTRUCT     3.96    03/21/23       CNY      59.70
WUHU XINMA INVESTMENT C     4.87    11/04/22       CNY      40.00
WUHU XINMA INVESTMENT C     4.87    11/04/22       CNY      40.58
WUHU YIJU INVESTMENT GR     6.45    08/11/21       CNY      20.30
WUHU YIJU INVESTMENT GR     6.45    08/11/21       CNY      20.33
WUWEI CITY ECONOMY DEVE     8.20    04/24/21       CNY      20.08
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      59.86
WUXI HUNING METRO HUISH     4.38    06/08/21       CNY      40.05
WUXI HUNING METRO HUISH     4.38    06/08/21       CNY      40.45
WUXI TAIHU NEW CITY DEV     4.49    05/03/23       CNY      60.01
WUXI TAIHU NEW CITY DEV     4.49    05/03/23       CNY      60.50
WUXI TAIHU NEW CITY DEV     3.47    08/29/23       CNY      59.50
WUXI TAIHU NEW CITY DEV     3.47    08/29/23       CNY      59.77
WUXI XIDONG NEW TOWN CO     3.92    11/09/23       CNY      59.43
WUXI XIDONG NEW TOWN CO     3.92    11/09/23       CNY      59.55
WUYANG CONSTRUCTION GRO     7.80    09/11/20       CNY      32.48
XIAMEN TORCH GROUP CO L     7.49    04/21/21       CNY      20.14
XIAMEN TORCH GROUP CO L     7.49    04/21/21       CNY      24.88
XIAN FENGDONG DEVELOPME     4.67    01/08/23       CNY      39.62
XIAN FENGDONG DEVELOPME     4.67    01/08/23       CNY      39.65
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      20.22
XI'AN INTERNATIONAL INL     7.90    09/23/21       CNY      22.28
XIANGSHUI GUANJIANG HOL     4.98    12/24/22       CNY      36.60
XIANGSHUI GUANJIANG HOL     4.98    12/24/22       CNY      39.22
XIANGTAN CITY CONSTRUCT     7.80    01/30/22       CNY      54.50
XIANGTAN CITY CONSTRUCT     7.60    04/02/22       CNY      44.70
XIANGTAN CITY'S CONSTRU     3.95    08/04/23       CNY      56.76
XIANGTAN CITY'S CONSTRU     3.95    08/04/23       CNY      58.02
XIANGTAN CITY'S CONSTRU     3.60    08/04/23       CNY      59.50
XIANGTAN HI-TECH GROUP      8.16    02/25/21       CNY      20.03
XIANGTAN HI-TECH GROUP      8.16    02/25/21       CNY      28.99
XIANGTAN JIUHUA ECONOMI     6.59    01/21/22       CNY      18.52
XIANGTAN JIUHUA ECONOMI     6.59    01/21/22       CNY      19.40
XIANGTAN JIUHUA ECONOMI     5.00    07/25/26       CNY      71.53
XIANGTAN LIANGXING SOCI     7.89    04/23/21       CNY      20.11
XIANGTAN WANLOU XINCHEN     6.90    01/14/22       CNY      15.49
XIANGTAN WANLOU XINCHEN     6.90    01/14/22       CNY      19.72
XIANGXIANG ECONOMIC DIS     5.28    09/09/23       CNY      57.03
XIANGXIANG ECONOMIC DIS     5.28    09/09/23       CNY      57.13
XIANGXIANG URBAN CONSTR     5.84    05/18/23       CNY      59.45
XIANGXIANG URBAN CONSTR     5.84    05/18/23       CNY      59.79
XIANGYANG CITY XIANGZHO     5.18    04/28/23       CNY      60.37
XIANGYANG CITY XIANGZHO     5.18    04/28/23       CNY      60.38
XIANGYANG HIGH TECH STA     7.00    05/29/21       CNY      20.12
XIANGYANG HIGH TECH STA     7.00    05/29/21       CNY      23.38
XIANGYANG STATE-OWNED C     4.62    01/25/23       CNY      39.69
XIANGYANG STATE-OWNED C     4.62    01/25/23       CNY      59.74
XIANNING HIGH-TECH INVE     6.29    02/10/22       CNY      40.44
XIANNING HIGH-TECH INVE     6.29    02/10/22       CNY      40.56
XIANTAO CITY CONSTRUCTI     8.15    02/24/21       CNY      20.00
XIANTAO CITY CONSTRUCTI     8.15    02/24/21       CNY      20.09
XIANTAO CITY CONSTRUCTI     4.59    04/18/23       CNY      59.73
XIANTAO CITY CONSTRUCTI     4.59    04/18/23       CNY      60.28
XIAOCHANG SHUNHE DEVELO     4.15    10/17/23       CNY      57.68
XIAOGAN GAOCHUANG INVES     7.43    06/23/21       CNY      20.06
XIAOGAN GAOCHUANG INVES     7.43    06/23/21       CNY      32.72
XIAOGAN GAOCHUANG INVES     6.87    09/22/21       CNY      20.11
XIAOGAN GAOCHUANG INVES     6.87    09/22/21       CNY      26.69
XIAOGAN URBAN CONSTRUCT     6.89    05/29/21       CNY      20.21
XIAOGAN URBAN CONSTRUCT     6.89    05/29/21       CNY      20.40
XIAOGAN URBAN CONSTRUCT     3.94    07/05/21       CNY      62.90
XIAOXIAN COUNTY DEVELOP     4.85    06/22/23       CNY      60.11
XIAOXIAN COUNTY DEVELOP     4.85    06/22/23       CNY      60.17
XINDONGGANG HOLDING GRO     5.53    04/27/23       CNY      59.38
XINDONGGANG HOLDING GRO     5.53    04/27/23       CNY      59.45
XINGAN COUNTY URBAN CON     5.48    08/03/23       CNY      57.85
XINGAN COUNTY URBAN CON     5.48    08/03/23       CNY      58.85
XINGAN LEAGUE URBAN DEV     6.18    12/21/22       CNY      27.97
XINGAN LEAGUE URBAN DEV     6.18    12/21/22       CNY      28.78
XINGHUA CITY ECONOMIC D     5.28    06/13/22       CNY      49.75
XINGHUA CITY ECONOMIC D     5.28    06/13/22       CNY      49.78
XINGYI XINHENG URBAN CO     5.40    12/16/22       CNY      38.40
XINGYI XINHENG URBAN CO     5.40    12/16/22       CNY      38.59
XINJIANG KAIDI INVESTME     7.80    04/22/21       CNY      20.07
XINJIANG KAIDI INVESTME     7.80    04/22/21       CNY      21.35
XINMI CAIYUAN CITY CONS     4.35    02/28/23       CNY      59.68
XINMI CAIYUAN CITY CONS     4.35    02/28/23       CNY      59.70
XINMIN CITY LUXIN MUNIC     6.41    07/29/21       CNY      13.72
XINMIN CITY LUXIN MUNIC     6.41    07/29/21       CNY      13.87
XINTAI CITY COORDINATIN     6.35    03/23/22       CNY      40.25
XINTAI CITY COORDINATIN     6.35    03/23/22       CNY      40.75
XINYANG HUAXIN INVESTME     7.55    04/15/21       CNY      20.15
XINYANG HUAXIN INVESTME     7.55    04/15/21       CNY      26.30
XINYI CITY INVESTMENT &     4.30    01/19/23       CNY      38.89
XINYI CITY INVESTMENT &     4.30    01/19/23       CNY      40.00
XINYI URBAN TRANSPORTAT     6.14    02/06/22       CNY      40.47
XINYI URBAN TRANSPORTAT     6.14    02/06/22       CNY      41.53
XINYU CHENGDONG CONSTRU     8.48    05/27/21       CNY      20.17
XINYU CITY SHANTYTOWN Z     6.50    11/13/22       CNY      71.53
XINYU CITY YUSHUI DISTR     7.70    06/24/22       CNY      40.62
XINYU CITY YUSHUI DISTR     7.70    06/24/22       CNY      41.39
XINZHENG NEW DISTRICT D     6.40    01/29/21       CNY      25.00
XINZHOU ASSET MANAGEMEN     7.90    02/21/21       CNY      20.08
XINZHOU ASSET MANAGEMEN     7.90    02/21/21       CNY      21.07
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     7.95    03/27/21       CNY      20.13
XUANCHENG STATE-OWNED A     7.95    03/27/21       CNY      26.00
XUANCHENG STATE-OWNED A     4.12    04/07/23       CNY      60.00
XUANCHENG STATE-OWNED A     4.12    04/07/23       CNY      60.03
XUZHOU BOCHANT DEVELOPM     5.69    07/28/21       CNY      32.31
XUZHOU CITY JIAWANG CON     4.00    03/23/23       CNY      59.69
XUZHOU CITY TONGSHAN DI     5.23    09/18/22       CNY      40.00
XUZHOU CITY TONGSHAN DI     5.23    09/18/22       CNY      40.44
XUZHOU ECONOMIC TECHNOL     7.35    04/21/21       CNY      20.20
XUZHOU ECONOMIC TECHNOL     7.35    04/21/21       CNY      20.30
XUZHOU HI-TECH INDUSTRI     7.86    04/22/21       CNY      20.21
XUZHOU HI-TECH INDUSTRI     7.86    04/22/21       CNY      31.50
XUZHOU HI-TECH INDUSTRI     3.78    11/11/23       CNY      58.66
XUZHOU HI-TECH INDUSTRI     3.78    11/11/23       CNY      59.21
XUZHOU TRANSPORTATION H     7.09    05/15/21       CNY      20.20
XUZHOU TRANSPORTATION H     7.09    05/15/21       CNY      20.24
XUZHOU XINSHENG INVESTM     5.13    08/12/22       CNY      40.61
XUZHOU XINSHENG INVESTM     5.13    08/12/22       CNY      44.46
YANCHENG DAFENG DISTRIC     8.70    01/24/21       CNY      20.01
YANCHENG DAFENG DISTRIC     8.70    01/24/21       CNY      20.97
YANCHENG HIGH-TECH ZONE     3.90    12/14/22       CNY      39.90
YANCHENG HIGH-TECH ZONE     3.90    12/14/22       CNY      39.95
YANCHENG ORIENTAL INVES     6.48    09/15/21       CNY      20.05
YANCHENG ORIENTAL INVES     6.48    09/15/21       CNY      20.13
YANCHENG SOUTH DISTRICT     6.70    07/30/21       CNY      20.33
YANCHENG SOUTH DISTRICT     6.70    07/30/21       CNY      20.40
YANCHENG YANDU DISTRICT     3.67    03/17/23       CNY      59.21
YANCHENG YANDU DISTRICT     3.67    03/17/23       CNY      59.71
YANGJIANG HENGCAI CITY      6.24    04/14/22       CNY      40.42
YANGJIANG HENGCAI CITY      6.24    04/14/22       CNY      41.20
YANGZHONG TRANSPORTATIO     4.95    04/07/23       CNY      59.30
YANGZHONG TRANSPORTATIO     4.98    04/07/23       CNY      60.05
YANGZHONG TRANSPORTATIO     4.95    04/07/23       CNY      60.06
YANGZHONG TRANSPORTATIO     4.98    04/07/23       CNY      60.28
YANGZHOU CHEMICAL INDUS     8.58    01/24/21       CNY      20.01
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      40.18
YANGZHOU GUANGLING NEW      3.62    09/07/23       CNY      57.93
YANGZHOU GUANGLING NEW      3.62    09/07/23       CNY      58.93
YANGZHOU HANJIANG CONST     5.88    06/15/22       CNY      40.70
YANGZHOU HANJIANG CONST     5.88    06/15/22       CNY      46.63
YI CHENG CONSTRUCTION I     5.44    04/27/23       CNY      59.62
YI ZHENG CITY DEVELOPME     4.63    01/08/23       CNY      39.98
YI ZHENG CITY DEVELOPME     4.63    01/08/23       CNY      40.00
YICHANG HIGH-TECH INVES     4.80    12/15/22       CNY      40.00
YICHANG HIGH-TECH INVES     4.80    12/15/22       CNY      40.31
YICHANG HIGH-TECH INVES     3.74    07/21/23       CNY      58.99
YICHANG HIGH-TECH INVES     3.74    07/21/23       CNY      59.68
YICHUN URBAN CONSTRUCTI     7.09    05/15/21       CNY      20.20
YICHUN URBAN CONSTRUCTI     7.09    05/15/21       CNY      23.47
YICHUN VENTURE CAPITAL      6.70    03/23/22       CNY      40.51
YICHUN VENTURE CAPITAL      6.70    03/23/22       CNY      40.61
YIHUA ENTERPRISE GROUP      6.80    03/15/21       CNY      47.99
YIHUA ENTERPRISE GROUP      7.00    04/29/22       CNY      54.00
YIHUA LIFESTYLE TECHNOL     6.88    07/16/20       CNY      35.90
YIHUA LIFESTYLE TECHNOL     6.88    07/23/20       CNY      35.00
YILI KAZAKH AUTONOMOUS      7.68    02/28/21       CNY      20.08
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      20.15
YINGKOU COASTAL DEVELOP     6.45    01/26/22       CNY      39.95
YINGKOU COASTAL DEVELOP     6.45    01/26/22       CNY      40.29
YINGKOU ECO & TECH DEVE     5.20    08/05/23       CNY      58.90
YINGKOU ECO & TECH DEVE     5.20    08/05/23       CNY      59.35
YINGKOU LAOBIAN CITY CO     5.63    12/16/22       CNY      39.99
YINGKOU LAOBIAN CITY CO     4.98    03/11/23       CNY      58.38
YINGKOU LAOBIAN CITY CO     4.98    03/11/23       CNY      60.00
YINGTAN LONGGANG ASSET      6.75    07/31/22       CNY      40.80
YINGTAN LONGGANG ASSET      6.75    07/31/22       CNY      41.18
YINGTAN STATE-OWNED ASS     3.63    08/12/21       CNY      39.89
YINGTAN STATE-OWNED ASS     7.50    12/12/22       CNY      31.02
YINGTAN STATE-OWNED ASS     7.50    12/12/22       CNY      31.02
YINING CITY STATE OWNED     8.90    01/23/21       CNY      19.92
YINING CITY STATE OWNED     8.90    01/23/21       CNY      20.00
YINING CITY STATE OWNED     5.37    09/24/22       CNY      39.00
YINING CITY STATE OWNED     5.37    09/24/22       CNY      39.11
YIWU CITY CONSTRUCTION      4.31    12/07/22       CNY      39.95
YIWU CITY CONSTRUCTION      4.31    12/07/22       CNY      40.40
YIWU URBAN & RURAL NEW      4.25    11/24/21       CNY      24.96
YIXING CITY CONSTRUCTIO     6.16    03/30/22       CNY      40.00
YIXING CITY CONSTRUCTIO     6.16    03/30/22       CNY      40.69
YIXING TUOYE INDUSTRIAL     7.60    05/28/21       CNY      20.15
YIXING TUOYE INDUSTRIAL     7.60    05/28/21       CNY      23.50
YIYANG ADVANCED INDUSTR     7.00    03/30/22       CNY      40.06
YIYANG ADVANCED INDUSTR     7.00    03/30/22       CNY      48.00
YIYANG PROVINCE AREA IN     4.95    10/13/23       CNY      56.50
YIYANG PROVINCE AREA IN     4.95    10/13/23       CNY      57.79
YIYANG PROVINCE AREA IN     5.16    11/23/23       CNY      56.35
YIYANG PROVINCE AREA IN     5.16    11/23/23       CNY      57.47
YIZHANG XINGYI CONSTRUC     5.49    09/02/24       CNY      68.87
YIZHANG XINGYI CONSTRUC     5.49    09/02/24       CNY      69.34
YONGCHENG COAL & ELECTR     7.50    02/02/21       CNY      39.88
YONGJIA INVESTMENT GROU     6.50    11/12/21       CNY      20.00
YONGJIA INVESTMENT GROU     6.50    11/12/21       CNY      20.25
YONGXING YINDU CONSTRUC     5.60    03/24/23       CNY      59.38
YONGXING YINDU CONSTRUC     5.60    03/24/23       CNY      60.42
YONGZHOU ECONOMIC CONST     3.55    01/14/23       CNY      39.42
YONGZHOU ECONOMIC CONST     3.55    01/14/23       CNY      39.50
YUANAN COUNTY QIFENG CI     5.50    05/27/23       CNY      60.35
YUANAN COUNTY QIFENG CI     5.50    05/27/23       CNY      60.41
YUEYANG CITY DONGTING N     6.15    03/20/22       CNY      40.03
YUEYANG CITY DONGTING N     6.15    03/20/22       CNY      40.07
YUEYANG HUILIN INVESTME     5.50    11/03/21       CNY      19.76
YUEYANG HUILIN INVESTME     5.50    11/03/21       CNY      20.07
YUEYANG YUNXI CITY CONS     6.00    07/08/23       CNY      59.71
YUEYANG YUNXI CITY CONS     6.00    07/08/23       CNY      60.09
YUEYANG YUNXI CITY CONS     5.18    11/21/23       CNY      57.78
YUHUAN CITY COMMUNICATI     5.65    11/03/21       CNY      20.14
YUHUAN CITY COMMUNICATI     5.65    11/03/21       CNY      20.22
YUHUAN CITY COMMUNICATI     6.18    03/20/22       CNY      40.51
YUHUAN CITY COMMUNICATI     6.18    03/20/22       CNY      44.47
YUHUAN CITY CONSTRUCTIO     5.10    05/03/23       CNY      60.12
YUHUAN CITY CONSTRUCTIO     5.10    05/03/23       CNY      60.45
YUHUAN CITY CONSTRUCTIO     3.72    10/21/23       CNY      58.75
YUHUAN CITY CONSTRUCTIO     3.72    10/21/23       CNY      59.36
YUNCHENG SHUIHU CITY CO     4.54    11/21/23       CNY      57.60
YUNCHENG SHUIHU CITY CO     4.54    11/21/23       CNY      58.63
YUNNAN HEALTH & CULTURA     6.77    05/23/21       CNY      18.00
YUNNAN HEALTH & CULTURA     6.77    05/23/21       CNY      19.85
YUYAO CITY CONSTRUCTION     7.09    05/19/21       CNY      20.24
YUZHOU GENERAL INVESTME     4.68    01/19/23       CNY      39.54
YUZHOU GENERAL INVESTME     4.68    01/19/23       CNY      40.00
ZAOYANG CITY CONSTRUCTI     5.50    03/22/23       CNY      59.80
ZAOYANG CITY CONSTRUCTI     5.50    03/22/23       CNY      60.12
ZHANGJIAGANG JINCHENG I     6.88    04/28/21       CNY      20.20
ZHANGJIAGANG JINCHENG I     6.88    04/28/21       CNY      20.21
ZHANGJIAJIE ECONOMIC DE     7.80    04/17/21       CNY      20.07
ZHANGQIU STATE OWNED AS     3.69    08/09/23       CNY      59.30
ZHANGQIU STATE OWNED AS     3.69    08/09/23       CNY      59.34
ZHANGSHU STATE-OWNED AS     4.80    06/22/23       CNY      59.82
ZHANGSHU STATE-OWNED AS     4.80    06/22/23       CNY      62.67
ZHANGYE CITY INVESTMENT     6.92    09/22/21       CNY      20.23
ZHANGYE CITY INVESTMENT     6.92    09/22/21       CNY      20.90
ZHANGZHOU ECONOMIC DEVE     6.17    04/27/22       CNY      40.52
ZHANGZHOU JIULONGJIANG      6.48    06/20/21       CNY      20.14
ZHANGZHOU JIULONGJIANG      6.48    06/20/21       CNY      20.30
ZHAODONG DONGSHENG CONS     6.50    01/20/24       CNY      61.79
ZHAODONG DONGSHENG CONS     6.50    01/20/24       CNY      61.80
ZHAOQING GAOYAO DISTRIC     6.68    04/14/22       CNY      40.00
ZHAOQING GAOYAO DISTRIC     6.68    04/14/22       CNY      40.59
ZHAOQING HI-TECH ZONE C     3.97    08/26/23       CNY      59.02
ZHAOQING HI-TECH ZONE C     3.97    08/26/23       CNY      59.07
ZHEJIANG BINHAI NEW CIT     4.65    12/23/22       CNY      40.22
ZHEJIANG CHANGXING JING     7.99    03/03/21       CNY      20.07
ZHEJIANG CHANGXING JING     7.99    03/03/21       CNY      30.00
ZHEJIANG GUOXING INVEST     6.94    08/01/21       CNY      20.31
ZHEJIANG GUOXING INVEST     6.94    08/01/21       CNY      28.50
ZHEJIANG HANGZHOU QINGS     7.90    04/23/21       CNY      20.17
ZHEJIANG HANGZHOU QINGS     7.90    04/23/21       CNY      24.00
ZHEJIANG HUISHENG INVES     4.49    03/15/24       CNY      69.89
ZHEJIANG HUISHENG INVES     4.49    03/15/24       CNY      70.00
ZHEJIANG OUHAI CONSTRUC     6.45    04/23/22       CNY      40.64
ZHEJIANG OUHAI CONSTRUC     6.45    04/23/22       CNY      40.66
ZHEJIANG OUHAI CONSTRUC     4.83    01/21/23       CNY      39.89
ZHEJIANG OUHAI CONSTRUC     4.83    01/21/23       CNY      40.36
ZHEJIANG PROVINCE XINCH     5.88    10/30/21       CNY      20.24
ZHEJIANG PROVINCE XINCH     5.88    10/30/21       CNY      21.06
ZHEJIANG PROVINCE XINCH     6.95    12/31/21       CNY      20.49
ZHEJIANG PROVINCE XINCH     6.95    12/31/21       CNY      21.20
ZHEJIANG YATAI PHARMACE     0.50    04/02/25       CNY      70.01
ZHENGZHOU AIRPORT ECONO     4.27    07/20/26       CNY      69.41
ZHENGZHOU AIRPORT ECONO     4.27    07/20/26       CNY      69.42
ZHENGZHOU JINGKAI INVES     5.48    07/31/22       CNY      40.00
ZHENGZHOU JINGKAI INVES     5.48    07/31/22       CNY      40.55
ZHENGZHOU MOUZHONG DEVE     7.48    12/11/21       CNY      20.33
ZHENGZHOU MOUZHONG DEVE     7.48    12/11/21       CNY      26.20
ZHENGZHOU MOUZHONG DEVE     4.59    04/18/23       CNY      60.00
ZHENGZHOU MOUZHONG DEVE     4.59    04/18/23       CNY      60.02
ZHENJIANG DANTU DISTRIC     5.89    11/03/21       CNY      19.80
ZHENJIANG DANTU DISTRIC     5.89    11/03/21       CNY      20.02
ZHENJIANG NEW AREA URBA     8.35    02/26/21       CNY      20.02
ZHENJIANG NEW AREA URBA     5.31    07/14/23       CNY      58.97
ZHENJIANG NEW AREA URBA     5.31    07/14/23       CNY      60.78
ZHIJIANG STATE-OWNED AS     4.78    01/11/23       CNY      39.54
ZHIJIANG STATE-OWNED AS     4.78    01/11/23       CNY      40.00
ZHIJIANG STATE-OWNED AS     4.38    03/28/23       CNY      59.15
ZHIJIANG STATE-OWNED AS     4.38    03/28/23       CNY      64.70
ZHONGGUANCUN DEVELOPMEN     4.20    08/12/22       CNY      39.87
ZHONGGUANCUN DEVELOPMEN     4.20    08/12/22       CNY      40.29
ZHONGMINTOU LEASING HOL     7.55    09/21/21       CNY      49.49
ZHONGSHAN TRANSPORTATIO     5.25    11/26/21       CNY      20.00
ZHONGSHAN TRANSPORTATIO     5.25    11/26/21       CNY      20.20
ZHOUKOU INVESTMENT GROU     7.49    04/21/21       CNY      20.07
ZHOUSHAN DINGHAI CITY C     6.67    07/20/22       CNY      40.25
ZHOUSHAN DINGHAI STATE-     7.13    08/04/21       CNY      20.18
ZHOUSHAN DINGHAI STATE-     7.13    08/04/21       CNY      20.27
ZHOUSHAN ISLANDS NEW DI     6.98    10/22/22       CNY      40.80
ZHOUSHAN ISLANDS NEW DI     6.98    10/22/22       CNY      40.94
ZHOUSHAN PUTUO DISTRICT     7.18    06/20/22       CNY      41.09
ZHOUSHAN PUTUO DISTRICT     7.18    06/20/22       CNY      41.90
ZHUHAI HUIHUA INFRASTRU     4.70    06/27/23       CNY      59.96
ZHUHAI HUIHUA INFRASTRU     4.70    06/27/23       CNY      60.00
ZHUJI CITY EAST NEW TOW     3.89    08/26/23       CNY      59.54
ZHUJI CITY YUEDU INVEST     6.38    04/07/22       CNY      40.57
ZHUZHOU CITY CONSTRUCTI     8.36    11/10/21       CNY      23.75
ZHUZHOU GECKOR GROUP CO     6.95    08/11/21       CNY      20.17
ZHUZHOU GECKOR GROUP CO     6.95    08/11/21       CNY      20.86
ZHUZHOU GECKOR GROUP CO     6.38    04/17/22       CNY      40.00
ZHUZHOU GECKOR GROUP CO     6.38    04/17/22       CNY      40.41
ZHUZHOU GECKOR GROUP CO     3.78    09/28/23       CNY      58.59
ZHUZHOU GECKOR GROUP CO     3.78    09/28/23       CNY      58.67
ZHUZHOU HI-TECH AUTO EX     4.47    11/03/23       CNY      74.62
ZHUZHOU RECYCLING ECONO     4.38    03/24/23       CNY      57.52
ZHUZHOU RECYCLING ECONO     4.38    03/24/23       CNY      58.30
ZHUZHOU XIANGJIANG SCEN     5.39    11/25/22       CNY      39.30
ZHUZHOU XIANGJIANG SCEN     5.39    11/25/22       CNY      40.58
ZIBO BANYANG CITY URBAN     5.50    09/09/22       CNY      39.75
ZIBO BANYANG CITY URBAN     5.50    09/09/22       CNY      40.00
ZIYANG WATER INVESTMENT     3.97    03/17/23       CNY      57.70
ZIYANG WATER INVESTMENT     3.97    03/17/23       CNY      57.83
ZIZHONG COUNTY XINGZI I     5.97    01/18/23       CNY      39.64
ZIZHONG COUNTY XINGZI I     5.97    01/18/23       CNY      39.68
ZUNYI ECONOMIC DEVELOPM     4.87    01/22/23       CNY      38.01
ZUNYI ECONOMIC DEVELOPM     4.87    01/22/23       CNY      40.00
ZUNYI HONGHUAGANG CITY      5.05    06/27/23       CNY      57.89
ZUNYI HONGHUAGANG CITY      5.05    06/27/23       CNY      59.29
ZUNYI NEW DISTRICT DEVE     5.99    04/07/26       CNY      62.75
ZUNYI NEW DISTRICT DEVE     5.99    04/07/26       CNY      70.02
ZUNYI ROAD & BRIDGE CON     6.10    04/27/23       CNY      52.51
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      63.74
DR PENG HOLDING HONGKON     7.55    12/01/21       USD      70.25
HNA GROUP INTERNATIONAL     6.25    10/05/21       USD      54.33


   INDIA
   -----

3I INFOTECH LTD             2.50    03/31/25       USD       9.88
ACME MEDAK SOLAR ENERGY     0.01    08/29/46       INR      12.55
ACME RANGA REDDY SOLAR      0.01    08/31/46       INR      12.43
AMPSOLAR SOLUTION PVT L     0.01    10/27/37       INR      26.39
AMPSOLAR SOLUTION PVT L     0.01    11/03/37       INR      26.34
APG HABITAT PVT LTD         1.00    09/09/28       INR      62.37
APG INTELLI HOMES PVT L     1.25    02/04/35       INR      44.17
APG INTELLI HOMES PVT L     1.25    02/04/35       INR      45.32
AUTOMOTIVE EXCHANGE PVT     4.00    06/01/30       INR      63.30
AUTOMOTIVE EXCHANGE PVT     4.00    10/11/30       INR      63.00
BREEZE CONSTRUCTIONS PV     0.01    06/29/30       INR      46.52
BRITANNIA INDUSTRIES LT     8.00    08/28/22       INR      31.26
CHANDRAJYOTI ESTATE DEV     0.01    07/06/30       INR      48.00
CREIXENT SPECIAL STEELS     0.01    08/28/25       INR      71.51
CUMULUS TRADING CO PVT      0.01    01/23/30       INR      64.12
CUMULUS TRADING CO PVT      0.01    05/21/32       INR      40.14
DEWAN HOUSING FINANCE C     8.50    04/18/23       INR      25.94
DLF ASPINWAL HOTELS PVT     0.01    10/15/30       INR      43.16
DLF EMPORIO RESTAURANTS     0.01    06/29/30       INR      47.87
DLF EMPORIO RESTAURANTS     0.01    08/12/30       INR      47.41
DLF HOME DEVELOPERS LTD     0.01    06/29/30       INR      49.99
DLF HOMES SERVICES PVT      0.01    06/29/30       INR      46.52
DLF REAL ESTATE BUILDER     0.01    06/23/30       INR      47.94
DLF RECREATIONAL FOUNDA     0.01    10/15/30       INR      45.24
DLF RESIDENTIAL BUILDER     0.01    06/23/30       INR      46.51
DLF RESIDENTIAL DEVELOP     0.01    06/28/30       INR      47.87
DLF SOUTHERN TOWNS PVT      0.01    07/09/30       INR      48.19
DOMUS REAL ESTATE PVT L     0.01    07/11/30       INR      48.09
EDELWEISS ASSET RECONST     2.00    03/28/27       INR      74.66
EDELWEISS ASSET RECONST     2.00    11/20/27       INR      72.32
EDELWEISS ASSET RECONST     2.00    10/07/28       INR      68.92
EDELWEISS ASSET RECONST     2.00    01/15/29       INR      67.89
EDELWEISS ASSET RECONST     2.00    03/28/29       INR      67.18
EDELWEISS ASSET RECONST     2.00    07/22/29       INR      66.07
ESSAR POWER TRANSMISSIO     3.00    03/31/43       INR      50.53
ESSAR POWER TRANSMISSIO     3.00    03/31/43       INR      50.53
GREEN URJA PVT LTD          0.01    02/14/30       INR      49.83
GTL INFRASTRUCTURE LTD      6.73    10/26/22       USD       6.69
HINDUSTAN CONSTRUCTION      0.01    01/05/27       INR      65.20
HITODI INFRASTRUCTURE L     0.01    06/30/27       INR      61.44
JAIPRAKASH ASSOCIATES L     5.75    09/08/17       USD      55.13
JAIPRAKASH POWER VENTUR     7.00    05/15/17       USD       4.59
JCT LTD                     2.50    04/08/11       USD      25.75
JSM CORP PVT LTD            0.01    08/31/36       INR      28.49
JTPM ATSALI LTD             0.01    08/29/48       INR      11.72
KANAKADURGA FINANCE LTD     0.01    04/15/36       INR      27.27
KRIBHCO INFRASTRUCTURE      1.00    04/15/26       INR      73.51
MARIS POWER SUPPLY CO P     2.00    04/18/28       INR      70.00
MELOSA BUILDERS & DEVEL     0.01    06/29/30       INR      46.69
MENS BUILDCON PVT LTD       0.01    06/29/30       INR      46.69
MYTRAH AADHYA POWER PVT     0.01    07/05/35       INR      31.98
MYTRAH ADVAITH POWER PV     0.01    07/13/36       INR      29.35
MYTRAH AKSHAYA ENERGY P     0.01    07/13/36       INR      29.35
NEEMUCH SOLAR POWER PVT     0.01    08/29/46       INR      12.55
ORIGAMI CELLULO PVT LTD     0.01    11/14/36       INR      28.09
PRAKASH INDUSTRIES LTD      5.25    04/30/15       USD      22.63
PUNJAB INFRASTRUCTURE D     0.40    10/15/26       INR      72.61
PUNJAB INFRASTRUCTURE D     0.40    10/15/27       INR      67.68
PUNJAB INFRASTRUCTURE D     0.40    10/15/28       INR      63.05
PUNJAB INFRASTRUCTURE D     0.40    10/15/29       INR      58.79
PUNJAB INFRASTRUCTURE D     0.40    10/15/30       INR      54.87
PUNJAB INFRASTRUCTURE D     0.40    10/15/31       INR      51.32
PUNJAB INFRASTRUCTURE D     0.40    10/15/32       INR      48.08
PUNJAB INFRASTRUCTURE D     0.40    10/15/33       INR      45.17
PURVANCHAL SOLAR POWER      0.01    08/29/46       INR      12.55
PYRAMID SAIMIRA THEATRE     1.75    07/04/12       USD       0.26
R L FINE CHEM PVT LTD       0.10    08/19/36       INR      28.97
REDKITE CAPITAL PVT LTD     2.50    01/15/28       INR      74.08
REDKITE CAPITAL PVT LTD     2.50    03/30/29       INR      69.54
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       8.61
REWANCHAL SOLAR POWER P     0.01    08/29/46       INR      12.55
SAKET HOLIDAYS RESORTS      0.01    06/29/30       INR      47.88
SHIVAJI MARG MAINTENANC     0.01    06/28/30       INR      46.43
SINTEX INDUSTRIES LTD       3.50    05/25/22       USD      23.63
SUNWORLD SOLAR POWER PV     0.01    08/31/46       INR      12.43
SURBHI INVESTMENTS & TR     2.50    10/21/28       INR      70.57
SUTARA ROADS & INFRA LT     0.01    08/31/30       INR      55.59
SUZLON ENERGY LTD           5.75    07/16/19       USD      23.48
SUZLON ENERGY LTD           5.75    07/16/19       USD      23.48
SVOGL OIL GAS & ENERGY      5.00    08/17/15       USD       0.61
TATA SMARTFOODZ LTD         0.01    07/15/25       INR      73.53
TATA SMARTFOODZ LTD         0.01    11/23/25       INR      71.29
TN URJA PVT LTD             0.10    02/22/36       INR      30.14
WATSUN INFRABUILD PVT L     4.00    10/16/37       INR      59.02
WS T&D LTD                  0.10    03/24/29       INR      54.24
ZYDUS FOUNDATION            0.10    03/25/25       INR      74.90


   INDONESIA
   ---------

ALAM SUTERA REALTY TBK      6.25    11/02/25       USD      72.26
DELTA MERLIN DUNIA TEKS     8.63    03/12/24       USD       4.38
DELTA MERLIN DUNIA TEKS     8.63    03/12/24       USD       5.40
MEDIKALOKA HERMINA TBK      8.00    09/08/23       IDR      58.35
MNC INVESTAMA TBK PT        9.00    05/11/21       USD      66.91
WAHANA OTTOMITRA MULTIA     9.15    05/29/21       IDR      70.75


   JAPAN
   -----

AVANSTRATE INC              0.15    10/29/32       JPY       9.75
HIS CO LTD                  0.44    02/20/24       JPY      67.25
HIS CO LTD                  0.58    02/19/27       JPY      50.68
MITSUI E&S HOLDINGS CO      0.70    09/15/23       JPY      70.52
TKJP CORP                   1.02    12/15/17       JPY       0.50
TKJP CORP                   0.85    03/06/19       JPY       2.02
TKJP CORP                   0.58    03/26/21       JPY       2.02
UNIZO HOLDINGS CO LTD       0.51    05/26/21       JPY      71.25
UNIZO HOLDINGS CO LTD       0.43    11/29/21       JPY      59.91
UNIZO HOLDINGS CO LTD       0.52    05/27/22       JPY      45.37
UNIZO HOLDINGS CO LTD       0.75    11/28/22       JPY      39.76
UNIZO HOLDINGS CO LTD       0.85    05/26/23       JPY      35.50
UNIZO HOLDINGS CO LTD       0.80    11/29/23       JPY      30.50
UNIZO HOLDINGS CO LTD       0.89    05/29/24       JPY      28.50
UNIZO HOLDINGS CO LTD       1.10    11/28/24       JPY      26.96
UNIZO HOLDINGS CO LTD       0.99    11/27/26       JPY      22.50
UNIZO HOLDINGS CO LTD       1.20    05/28/27       JPY      20.50
UNIZO HOLDINGS CO LTD       1.50    11/26/27       JPY      19.90


   MALAYSIA
   --------

AEGEAN MARINE PETROLEUM     4.00    11/01/18       USD      24.50
AEGEAN MARINE PETROLEUM     4.25    12/15/21       USD      24.50
ASIAN PAC HOLDINGS BHD      3.00    05/25/22       MYR       0.65
BERJAYA CORP BHD            5.00    04/22/22       MYR       0.23
BERJAYA CORP BHD            2.00    05/29/26       MYR       0.10
ELK-DESA RESOURCES BHD      3.25    04/14/22       MYR       1.11
HIAP TECK VENTURE BHD       5.00    06/23/21       MYR       0.38
HUME CEMENT INDUSTRIES      5.00    05/29/24       MYR       1.33
MALAYAN FLOUR MILLS BHD     5.00    01/24/24       MYR       1.64
PENGURUSAN AIR SPV BHD      1.00    09/28/35       MYR      68.66
PENGURUSAN AIR SPV BHD      1.00    11/05/35       MYR      67.89
PMB TECHNOLOGY BHD          3.00    07/12/23       MYR       5.30
SENAI-DESARU EXPRESSWAY     1.35    06/30/31       MYR      73.58
VIZIONE HOLDINGS BHD        3.00    08/08/21       MYR       0.03


   NEW ZEALAND
   -----------

PRECINCT PROPERTIES NEW     4.80    09/27/21       NZD       1.18


   SINGAPORE
   ---------

ASL MARINE HOLDINGS LTD     3.00    03/28/25       SGD      42.13
ASL MARINE HOLDINGS LTD     3.00    10/01/26       SGD      42.13
BAKRIE TELECOM PTE LTD     11.50    05/07/15       USD       1.01
BAKRIE TELECOM PTE LTD     11.50    05/07/15       USD       1.01
BAYAN TELECOMMUNICATION    15.00    07/15/06       USD      22.75
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
DAVOMAS INTERNATIONAL F    11.00    05/09/11       USD       0.80
DAVOMAS INTERNATIONAL F    11.00    05/09/11       USD       0.80
DAVOMAS INTERNATIONAL F    11.00    12/08/14       USD       0.80
DAVOMAS INTERNATIONAL F    11.00    12/08/14       USD       0.80
ENERCOAL RESOURCES PTE      9.25    08/05/14       USD      45.75
ETERNA CAPITAL PTE LTD      8.00    12/11/22       USD      44.61
EZRA HOLDINGS LTD           4.88    04/24/18       SGD       5.00
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      30.00
MICLYN EXPRESS OFFSHORE     8.75    11/25/18       USD      16.23
MODERNLAND OVERSEAS PTE     6.95    04/13/24       USD      29.85
MULHACEN PTE LTD            6.50    08/01/23       EUR      60.59
MULHACEN PTE LTD            6.50    08/01/23       EUR      60.78
NT RIG HOLDCO PTE LTD       7.50    12/20/21       USD      58.13
ORO NEGRO DRILLING PTE      7.50    01/24/19       USD      14.23
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      69.76
SSMS PLANTATION HOLDING     7.75    01/23/23       USD      69.82
SWIBER CAPITAL PTE LTD      6.25    10/30/17       SGD       4.20
SWIBER CAPITAL PTE LTD      6.50    08/02/18       SGD       4.20
SWIBER HOLDINGS LTD         5.55    10/10/16       SGD      12.25
SWIBER HOLDINGS LTD         7.13    04/18/17       SGD       6.13
SWIBER HOLDINGS LTD         7.75    09/18/17       CNY       6.12


   SOUTH KOREA
   -----------

ECOMAISTER CO LTD           2.00    10/11/22       KRW      73.13
HEUNGKUK FIRE & MARINE      5.70    12/29/46       KRW      43.81
KIBO ABS SPECIALTY CO L     5.00    02/26/21       KRW      68.00
KIBO ABS SPECIALTY CO L     5.00    08/28/21       KRW      73.78
KIBO ABS SPECIALTY CO L     5.00    02/24/22       KRW      73.10
KIBO ABS SPECIALTY CO L     5.00    02/28/22       KRW      72.26
KIBO ABS SPECIALTY CO L     5.00    02/24/23       KRW      71.04
LOTTE CARD CO LTD           3.95    06/28/49       KRW      38.96
POSCO ENERGY CO LTD         5.21    08/29/43       KRW      61.61
SAMPYO CEMENT CO LTD        8.30    04/20/14       KRW      70.00
SAMPYO CEMENT CO LTD        7.50    07/20/14       KRW      70.00
SAMPYO CEMENT CO LTD        8.30    09/10/14       KRW      70.00
SAMPYO CEMENT CO LTD        8.10    04/12/15       KRW      70.00
SAMPYO CEMENT CO LTD        8.10    06/26/15       KRW      70.00
SINBO SECURITIZATION SP     5.00    03/21/21       KRW      67.67
SINBO SECURITIZATION SP     5.00    06/29/21       KRW      73.95
SINBO SECURITIZATION SP     5.00    07/26/21       KRW      64.87
SINBO SECURITIZATION SP     5.00    08/31/21       KRW      63.31
SINBO SECURITIZATION SP     5.00    12/27/21       KRW      72.92
SINBO SECURITIZATION SP     5.00    01/25/22       KRW      61.55
SINBO SECURITIZATION SP     5.00    01/26/22       KRW      62.84
SINBO SECURITIZATION SP     5.00    02/23/22       KRW      63.75
SINBO SECURITIZATION SP     5.00    02/28/22       KRW      72.25
SINBO SECURITIZATION SP     5.00    06/27/22       KRW      65.80
SINBO SECURITIZATION SP     5.00    06/29/22       KRW      74.61
SINBO SECURITIZATION SP     5.00    07/24/22       KRW      65.48
SINBO SECURITIZATION SP     5.00    07/26/22       KRW      66.71
SINBO SECURITIZATION SP     5.00    08/29/22       KRW      66.30
SINBO SECURITIZATION SP     5.00    08/31/22       KRW      66.34
SINBO SECURITIZATION SP     5.00    09/26/22       KRW      66.05
SINBO SECURITIZATION SP     5.00    09/28/22       KRW      74.71
SINBO SECURITIZATION SP     5.00    12/25/22       KRW      70.15
SINBO SECURITIZATION SP     5.00    01/25/23       KRW      65.78
SINBO SECURITIZATION SP     5.00    01/29/23       KRW      69.93
SINBO SECURITIZATION SP     5.00    02/28/23       KRW      72.70
SINBO SECURITIZATION SP     5.00    03/20/23       KRW      72.54
SINBO SECURITIZATION SP     5.00    06/27/23       KRW      67.91
SINBO SECURITIZATION SP     5.00    07/24/23       KRW      67.58
SINBO SECURITIZATION SP     5.00    08/29/23       KRW      68.45
SINBO SECURITIZATION SP     5.00    08/29/23       KRW      68.45
SINBO SECURITIZATION SP     5.00    09/26/23       KRW      68.18
SINBO SECURITIZATION SP     5.00    09/26/23       KRW      68.18
SINBO SECURITIZATION SP     5.00    09/26/23       KRW      68.18
SINBO SECURITIZATION SP     5.00    10/24/23       KRW      67.97
SINBO SECURITIZATION SP     5.00    10/24/23       KRW      67.97
SINBO SECURITIZATION SP     3.00    11/21/23       KRW      64.49
SINBO SECURITIZATION SP     5.00    11/21/23       KRW      68.85
SINBO SECURITIZATION SP     4.00    12/25/23       KRW      66.32
SINBO SECURITIZATION SP     4.00    12/25/23       KRW      66.32
SINBO SECURITIZATION SP     5.00    12/25/23       KRW      70.51
SINBO SECURITIZATION SP     3.00    01/29/24       KRW      66.35
SINBO SECURITIZATION SP     4.00    01/29/24       KRW      68.32
SINBO SECURITIZATION SP     4.00    01/29/24       KRW      68.32
SINBO SECURITIZATION SP     5.00    02/27/24       KRW      69.23
SINBO SECURITIZATION SP     4.00    04/15/24       KRW      66.57


   SRI LANKA
   ---------

SRI LANKA DEVELOPMENT B     6.92    01/01/23       USD      73.67
SRI LANKA DEVELOPMENT B     4.28    01/22/23       USD      69.16
SRI LANKA DEVELOPMENT B     4.48    01/22/23       USD      69.45
SRI LANKA DEVELOPMENT B     5.94    01/22/23       USD      71.73
SRI LANKA DEVELOPMENT B     4.26    03/16/23       USD      67.75
SRI LANKA DEVELOPMENT B     6.62    03/16/23       USD      71.60
SRI LANKA DEVELOPMENT B     4.13    05/01/23       USD      66.44
SRI LANKA DEVELOPMENT B     4.17    05/01/23       USD      66.50
SRI LANKA DEVELOPMENT B     5.66    05/01/23       USD      69.09
SRI LANKA DEVELOPMENT B     6.69    05/01/23       USD      70.80
SRI LANKA DEVELOPMENT B     6.70    05/01/23       USD      70.82
SRI LANKA DEVELOPMENT B     6.71    05/01/23       USD      70.83
SRI LANKA DEVELOPMENT B     4.81    01/22/25       USD      59.18
SRI LANKA DEVELOPMENT B     5.98    01/22/25       USD      61.79
SRI LANKA DEVELOPMENT B     6.02    01/22/25       USD      61.89
SRI LANKA DEVELOPMENT B     6.05    01/22/25       USD      61.97
SRI LANKA DEVELOPMENT B     6.50    01/22/25       USD      63.11
SRI LANKA DEVELOPMENT B     6.75    01/22/25       USD      63.75
SRI LANKA DEVELOPMENT B     6.80    01/22/25       USD      63.88
SRI LANKA DEVELOPMENT B     6.82    01/22/25       USD      63.93
SRI LANKA DEVELOPMENT B     6.87    01/22/25       USD      64.05
SRI LANKA GOVERNMENT IN     5.88    07/25/22       USD      70.48
SRI LANKA GOVERNMENT IN     5.88    07/25/22       USD      70.60
SRI LANKA GOVERNMENT IN     5.75    04/18/23       USD      67.06
SRI LANKA GOVERNMENT IN     5.75    04/18/23       USD      67.07
SRI LANKA GOVERNMENT IN     6.85    03/14/24       USD      65.73
SRI LANKA GOVERNMENT IN     6.85    03/14/24       USD      65.90
SRI LANKA GOVERNMENT IN     6.35    06/28/24       USD      65.67
SRI LANKA GOVERNMENT IN     6.35    06/28/24       USD      65.72
SRI LANKA GOVERNMENT IN     6.13    06/03/25       USD      64.55
SRI LANKA GOVERNMENT IN     6.13    06/03/25       USD      64.61
SRI LANKA GOVERNMENT IN     6.85    11/03/25       USD      64.35
SRI LANKA GOVERNMENT IN     6.85    11/03/25       USD      64.44
SRI LANKA GOVERNMENT IN     6.83    07/18/26       USD      63.87
SRI LANKA GOVERNMENT IN     6.83    07/18/26       USD      63.90
SRI LANKA GOVERNMENT IN     6.20    05/11/27       USD      62.71
SRI LANKA GOVERNMENT IN     6.20    05/11/27       USD      62.82
SRI LANKA GOVERNMENT IN     6.75    04/18/28       USD      62.62
SRI LANKA GOVERNMENT IN     6.75    04/18/28       USD      62.72
SRI LANKA GOVERNMENT IN     7.85    03/14/29       USD      62.95
SRI LANKA GOVERNMENT IN     7.85    03/14/29       USD      62.96
SRI LANKA GOVERNMENT IN     7.55    03/28/30       USD      62.52
SRI LANKA GOVERNMENT IN     7.55    03/28/30       USD      62.71
SRILANKAN AIRLINES LTD      7.00    06/25/24       USD      56.82


   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.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

TCR-AP subscription rate is US$775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance
thereof are US$25 each.  For subscription information, contact
Peter Chapman at 215-945-7000.



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