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

                     A S I A   P A C I F I C

          Tuesday, March 16, 2021, Vol. 24, No. 48

                           Headlines



A U S T R A L I A

ALLIED RURAL: First Creditors' Meeting Set for March 22
INTERNATIONAL MONEY: Second Creditors' Meeting Set for March 23
JUST LOGICAL: Second Creditors' Meeting Set for March 22
KARMA3 TECHNOLOGIES: Second Creditors' Meeting Set for March 23
PITT DEVELOPMENT: Second Creditors' Meeting Set for March 22

PRO FUNDRAISING: Second Creditors' Meeting Set for March 22
SPEEDCAST INTERNATIONAL: Begins Voluntary Liquidation Process


C H I N A

KANGDE XIN: Faces Mandatory Delisting from Shenzhen Bourse


I N D I A

AAKASH DEVELOPERS: Ind-Ra Lowers Long-Term Issuer Rating to 'D'
AGLON INDUSTRIES: Ind-Ra Withdraws 'BB' Long-Term Issuer Rating
AKLAVYA INDUSTRIES: ICRA Keeps B+ Debt Ratings in Not Cooperating
AMIT ENTERPRISES: ICRA Moves D Debt Rating to Not Cooperating
ASIAN HOTELS: Ind-Ra Lowers Long-Term Issuer Rating to 'BB+'

AZAD ISPAT: ICRA Withdraws B+ Rating on INR12cr Cash Loan
BISCON TILES: ICRA Raises Rating on INR7.37cr Loans to B+
CAMERICH PAPERS: Ind-Ra Assigns 'D' Long-Term Issuer Rating
CORE JEWELLERY: Ind-Ra Hikes Issuer Rating to BB-, Outlook Stable
CYBERWALK TECH: ICRA Reaffirms D Rating on INR60.55cr Term Loan

ESSAR POWER: Assets to be Auctioned on March 19
FAIRDEAL MULTIFILAMENT: ICRA Reaffirms B+ INR12.24cr Loan Rating
GUPTA BUILDERS: Ind-Ra Lowers Long-Term Issuer Rating to 'D'
HARAN CHANDRA: ICRA Reaffirms D Rating on INR11.06cr Term Loan
HASIMARA INDUSTRIES: ICRA Reaffirms B Rating on INR8.50cr Loan

HYDROGEN GENTECH: ICRA Withdraws D Rating on INR12.50cr Loans
JAI MAHARASHTRA: ICRA Reaffirms D Rating on INR78cr Debentures
JP SORTEX: ICRA Keeps B+/A4 Debt Ratings in Not Cooperating
JUBILEE HILLS: Ind-Ra Affirms 'BB-' Bank Facilities Rating
K MANIAR: Ind-Ra Downgrades Long-Term Issuer Rating to 'D'

KANSARA FORGE: ICRA Keeps B+ Debt Ratings in Not Cooperating
KAVERI SILK: ICRA Keeps B+ Debt Ratings in Not Cooperating
KESORAM INDUSTRIES: Plans to Sell Junk Bonds Yielding 21%
MANGILAL AGARWAL: ICRA Keeps B+ Debt Rating in Not Cooperating
MANHAAR CONSTRUCTIONS: Insolvency Resolution Process Case Summary

MANPASAND BEVERAGES: Bankruptcy Court Admits Insolvency Plea
MTM TRADING PRIVATE: Insolvency Resolution Process Case Summary
MYTRAH VAYU: ICRA Lowers Rating on INR915.90cr Term Loan to D
PRIYANKA COMMUNICATIONS: Ind-Ra Cuts Long-Term Issuer Rating to 'D'
RADHA KRISHNA: Ind-Ra Moves BB- LT Issuer Rating to Non-Cooperating

RAJ ARCADE: Ind-Ra Lowers Long-Term Issuer Rating to 'D'
RAJI MATHEW: Ind-Ra Assigns 'BB' LT Issuer Rating, Outlook Stable
RAJKRISHNA ADITYA: ICRA Withdraws B+ Rating on INR2.95cr Loan
REAL STRIPS: Insolvency Resolution Process Case Summary
S R TRANZCARS: ICRA Hikes Rating on INR7.03cr LT Loan to B-

SARATHY AUTOCARS: Ind-Ra Assigns 'BB-' Long-Term Issuer Rating
SHANKAR RICE: ICRA Keeps B+ on INR9.5cr Loans in Not Cooperating
SIGNET DENIM: ICRA Withdraws B+ Ratings on INR77cr Loans
SUMAN PROTEINS: ICRA Keeps B+ on INR7cr Debt in Not Cooperating
SURYATAAP ENERGIES: Ind-Ra Keeps 'B+' Rating in Non-Cooperating

TELAWNE POWER: ICRA Keeps B+ Debt Ratings in Not Cooperating
TRUFORM TECHNO: ICRA Withdraws D Rating on INR11cr Loans
UNIQUE FOODS: Ind-Ra Moves BB LT Issuer Rating to Non-Cooperating


P H I L I P P I N E S

ABRA MINING: PSE May Open Miner to Takeover to Avert Delisting


X X X X X X X X

[*] BOND PRICING: For the Week March 8, 2021 to March 12, 2021

                           - - - - -


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

ALLIED RURAL: First Creditors' Meeting Set for March 22
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Allied Rural
Pty Ltd will be held on March 22, 2021, at 10:00 a.m. at the
offices of SV Partners Brisbane, 22 Market Street, in Brisbane,
Queensland.

David Michael Stimpson of SV Partners was appointed as
administrator of Allied Rural on March 2, 2021.


INTERNATIONAL MONEY: Second Creditors' Meeting Set for March 23
---------------------------------------------------------------
A second meeting of creditors in the proceedings of International
Money Management Pty. Ltd. has been set for March 23, 2021, via
Zoom.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by March 22, 2021, at 4:00 p.m.

Michael Gregory Jones and Daniel Robert Soire of Jones Partners
were appointed as administrators of International Money on Dec. 14,
2020.


JUST LOGICAL: Second Creditors' Meeting Set for March 22
--------------------------------------------------------
A second meeting of creditors in the proceedings of Just Logical
Pty Ltd has been set for March 22, 2021, at 10:00 a.m. at the
offices of 22 Lindsay Street, in Perth, WA.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by March 19, 2021, at 4:00 p.m.

Jack James and Paula Smith of Rodgers Reidy were appointed as
administrators of Just Logical on Feb. 12, 2021.


KARMA3 TECHNOLOGIES: Second Creditors' Meeting Set for March 23
---------------------------------------------------------------
A second meeting of creditors in the proceedings of Karma3
Technologies Pty Ltd has been set for March 23, 2021, at 11:00 a.m.
via Zoom.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by March 22, 2021, at 12:00 p.m.


Anthony Robert Cant and Renee Di Carlo of Romanis Cant were
appointed as administrators of Karma3 Technologies on Feb. 16,
2021.


PITT DEVELOPMENT: Second Creditors' Meeting Set for March 22
------------------------------------------------------------
A second meeting of creditors in the proceedings of Pitt
Development Pty Limited has been set for March 22, 2021, at 11:00
a.m. via virtual meeting technology.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by March 21, 2021, at 4:30 p.m.

Jason Tang and Ozem Kassem of Cor Cordis were appointed as
administrators of Pitt Development on Feb. 15, 2021.


PRO FUNDRAISING: Second Creditors' Meeting Set for March 22
-----------------------------------------------------------
A second meeting of creditors in the proceedings of Pro Fundraising
Services Pty Limited has been set for March 22, 2021, at 11:00 a.m.
via Zoom.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by March 19, 2021, at 4:00 p.m.

Atle Crowe-Maxwell of DBA Reconstruction and Advisory was appointed
as administrator of Pro Fundraising on Feb. 15, 2021.


SPEEDCAST INTERNATIONAL: Begins Voluntary Liquidation Process
-------------------------------------------------------------
Belinda Cameron at The Market Herald reports that Speedcast
International (SDA) has completed its restructuring process and
will now begin the voluntary liquidation process.

The satellite provider filed bankruptcy last year, with the U.S.
based company Speedcast Holdings III buying out the company's
assets, the report notes.

The Market Herald relates that the U.S.-based Speedcast business is
in turn owned by Centerbridge Partners, which has invested $500
million into the company, giving it a "clean balance sheet."

Following this restructure, Speedcast International advises it no
longer has any material assets, having handed everything over as
part of its bankruptcy filing to wipe its debt.

This means the Australian business can begin the process of
de-listing from the ASX and also begin the voluntary liquidation
process, The Market Herald states.

In a market announcement on March 12, Speedcast International
stated the liquidation process may allow shareholders to claim
capital losses, The Market Herald relays.

"As there will be no material assets or liabilities remaining in
Speedcast International Limited, the liquidators may be able to
make a Loss Declaration in the current tax year, in which case
capital losses may be able to be claimed by certain shareholders in
their FY21 tax returns," SDA stated.

"This will depend on, among other things, the timing of the
voluntary liquidation process, shareholders approving the
liquidation at a future general meeting and the tax circumstances
of each shareholder," it added.

                  About SpeedCast International

Headquartered in New South Wales, Australia, SpeedCast
International Limited and its affiliates provide remote and
offshore satellite communications and information technology
services.  SpeedCast's fully-managed service is delivered to more
than 2,000 customers in 140 countries via a global, multi-access
technology, multi-band, and multi-orbit network of more than 80
satellites and an interconnecting global terrestrial network,
bolstered by on-the-ground local support from more than 40
countries. Speedcast services customers in sectors such as
commercial maritime, cruise, energy, mining, government, NGOs,
enterprise, and media.

SpeedCast International and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead Case No.
20-32243) on April 23, 2020.  At the time of the filing, the
Debtors each had estimated assets of between $500 million and $1
billion and liabilities of the same range.

Judge David R. Jones oversees the cases.

Speedcast is advised by Weil, Gotshal & Manges LLP as global legal
counsel and Herbert Smith Freehills as co-counsel.  Michael Healy
of FTI Consulting, Inc., is Speedcast's Chief Restructuring
Officer, and FTI Consulting, Inc., is Speedcast's financial and
operational advisor.  Moelis Australia Advisory Pty Ltd and Moelis
& Company LLC are Speedcast's investment bankers.  KCC is
Speedcast's claims and noticing agent.

The Office of the U.S. Trustee appointed a committee to represent
unsecured creditors in Debtors' bankruptcy cases.  The committee is
represented by Hogan Lovells US, LLP.

On August 13, 2020, the Debtor received a $395 million equity
commitment from Centerbridge Partners, L.P. and its affiliates, one
of its largest lenders.




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

KANGDE XIN: Faces Mandatory Delisting from Shenzhen Bourse
----------------------------------------------------------
Caixin Global reports that scandal-plagued Kangde Xin Composite
Material Group Co. Ltd. last month revealed a net loss for four
straight years from 2015 to 2018 after it corrected its inflated
financial figures, making it subject to mandatory delisting from
the Shenzhen bourse, the country's securities watchdog said in a
statement on March 12.

According to Caixin, the China Securities Regulatory Commission
(CSRC) said that the company inflated its profits by CNY11.5
billion (US$1.8 billion) in its annual reports for 2015 through
2018 by engaging in systematic fraud such as recording fictitious
sales, and that the bank account balances it claimed to have in the
annual reports were false.

The CSRC did not specify a timeline of delisting, but said that it
would make the legitimate rights and interests of investors its
first priority during the process, and do its best to help
investors recover their losses, Caixin says.

Kangde Xin Composite Material Group Co., Ltd. --
http://www.kangdexin.com/-- engages in laminating film and
photoelectric materials, 3D, and Internet applications businesses
worldwide. It offers printing substrates, environmental laminating
films, 3D grating materials, 3D imaging technology, automatic
coating equipment, and electronic display equipment under the
Kangde Film and KDX brand names for the printing and packaging, and
decoration markets.




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

AAKASH DEVELOPERS: Ind-Ra Lowers Long-Term Issuer Rating to 'D'
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Aakash
Developers' Long-Term Issuer Rating to 'IND D (ISSUER NOT
COOPERATING)' from 'IND B+ (ISSUER NOT COOPERATING)'. The issuer
did not participate in the rating exercise despite continuous
requests and follow-ups by the agency. Thus, the rating is based on
the best available information. Therefore, investors and other
users are advised to take appropriate caution while using these
ratings.

The instrument-wise rating action is:

-- INR150 mil. Long-term loan due on August 31, 2021 downgraded
     with IND D (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best-available information.

KEY RATING DRIVERS

The downgrade reflects Aakash Developers' delays in debt servicing
at end-February 2021, the details of which are unavailable.

RATING SENSITIVITIES

Positive: Timely debt servicing for at least three consecutive
months will be positive for the ratings.

COMPANY PROFILE

Aakash Developers will develop a residential project in Kandivali
East, Mumbai. The firm was founded by Ram Kumar Pal. Basantraj
Sethia and Rajesh Pal is the other partners.


AGLON INDUSTRIES: Ind-Ra Withdraws 'BB' Long-Term Issuer Rating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Aglon Industries
Private Limited's (AIPL) Long-Term Issuer Rating of 'IND BB (ISSUER
NOT COOPERATING)' in the non-cooperating category and has
simultaneously withdrawn it.

The instrument-wise rating actions are:

-- INR509 mil. Term loan* due on June 2024 maintained in non-
     cooperating category and withdrawn;

-- INR350 mil. Fund-based limits** maintained in non-cooperating
     category and withdrawn; and

-- INR10 mil. Non-fund-based limits# maintained in non-
     cooperating category and withdrawn.

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

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

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

KEY RATING DRIVERS

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

COMPANY PROFILE

Established as a private limited company in Surat in 2015, Aglon
Industries manufactures nylon yarn with a total annual installed
capacity of 6,000 tons. The company is headed by Vishnu Goenka,
Abhishek Goenka, Pradeep Agarwal and Vinay Agarwal.

AKLAVYA INDUSTRIES: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Aklavya
Industries Pvt. Ltd.in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4 ISSUER NOT
COOPERATING".

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund based–          7.00       [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Fund-based           4.49       [ICRA]B+ (Stable) ISSUER NOT
   Term Loan                       COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non-fund Based       0.0045     [ICRA] A4 ISSUER NOT
   Bank Guarantee                  COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Non-fund Based      (2.65)      [ICRA] A4 ISSUER NOT
   Letter of Credits               COOPERATING; Rating continues
   (Sublimit of                    to remain under 'Issuer Not
   Cash Credit)                    Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.

AIPL was originally incorporated in 1998 as Sheetal Dyeing &
Printing Mills Pvt. Ltd. The name of the company was changed to
Aklavya Industries Private Limited in February 2007, when Mr.
Abhishek Kanodia and Mr. Kamal Bhutra took over the company. At
present, Mr. Kanodia and Mr. Bhutra look after the operations of
the company. AIPL is engaged in the processing of synthetic,
polyester cotton and viscose fabrics on a job-work basis. Its head
office and manufacturing unit is in Surat.


AMIT ENTERPRISES: ICRA Moves D Debt Rating to Not Cooperating
-------------------------------------------------------------
ICRA has moved the rating for the bank facilities of Amit
Enterprises Housing Limited in the 'Issuer Not Cooperating'
category.

                    Amount
   Facilities    (INR crore)    Ratings
   ----------    -----------    -------
   Fund-Based–       75.00      [ICRA]D ISSUER NOT COOPERATING;
   Term Loan                    rating moved to 'Issuer Not
                                Cooperating' Category

The rating is now denoted as "[ICRA]D; ISSUER NOT COOPERATING".
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.

The promoters of Amit Enterprises Group started real estate
operations in 1983 and have so far executed projects with over 2.8
million square feet (m sq ft) of saleable area. Additionally, over
5.8 m sq ft of area, spread across residential and commercial
projects, was under various stages of development as of August
2018.

Amit Enterprises Housing Limited, incorporated in 2008, is involved
in the development and sale of real estate projects and is a part
of the Pune-based Amit Enterprises Group. As of August 2018, the
firm was executing five residential and one commercial projects.


ASIAN HOTELS: Ind-Ra Lowers Long-Term Issuer Rating to 'BB+'
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Asian Hotels
(West) Limited's (AHWL) Long-Term Issuer Rating to 'IND BB+' from
'IND BBB-', while resolving the Rating Watch Negative (RWN). The
Outlook is Negative.

The instrument-wise rating actions:

-- INR2,207.65 bil. (reduced from INR2,267.08 bil.) Term loan due

     on March 2033 downgraded; Off RWN with IND BB+/Negative
     rating; and

-- INR270 mil. Fund-based working capital limits downgraded; Off
     RWN with IND BB+/Negative/IND A4+ rating.

The downgrade and resolution of RWN reflect AHWL's continued losses
in 9MFY21 and the potential adverse impact of the COVID-19 pandemic
on the company's FY22 financials, leading to weaker-than-expected
credit metrics and a poor liquidity position.

The Negative Outlook reflects Ind-Ra's expectation of a further
weakening of AHWL's liquidity position over the near term, if
occupancy levels remain muted and the guaranteed emergency credit
line (GECL; COVID-19 demand loan) is not disbursed.

KEY RATING DRIVERS

Weak Business Outlook: The downgrade reflects AHWL's continued
weaker-than-expected performance in 3QFY21, on account of
international travel restrictions and work-from-home policies
implemented by companies and the overall economic disruptions
severely impacting AHWL's occupancy levels (9MFY21: 26%, FY20: 71%)
and average room rent (ARR; INR5,512, INR8,265). The company booked
revenue of INR201.44 million in 9MFY21 (9MFY20: INR1,042.15
million, FY20: INR1,371.78 million) and EBITDA losses of INR56.64
million (INR280.19 million, INR385.31 million), given the high
fixed-cost component in the overall cost. The agency expects the
hotel operations to remain impacted in the short-to-medium term on
account of the likelihood of the extended impact of the COVID-19
pandemic on the global travel and hospitality industry. However,
Ind-Ra expects corporate and leisure travel to improve with the
commencement of the vaccination programme and improving economic
outlook, along with the easing of restrictions to lead to a
sequential improvement in the occupancy levels beyond 1HFY22.

Corporate Governance: The ratings also factor in the multiple exit
of senior management executives during 2HFY21, who are yet to be
replaced by the company's board. Moreover, in 3QFY21 results, the
auditors have noted of rising of a corporate governance issue by
one of the whole-time executive director and filing of a complaint
to The Securities and Exchange Board of India and the National
Company Law Tribunal by certain shareholders during 4QFY21. Ind-Ra
will continue to monitor future developments regarding these
issues.

Liquidity Indicator - Poor: At 9MFYE21, AHWL had cash and
equivalents of about INR67.37 million (FYE20: INR103.05 million,
FYE19: INR6.45 million). The company's average use of the
fund-based limits was around 53% during the 12 months ended January
2021. AHWL had availed the Reserve Bank of India-prescribed
moratorium of the term loans and other fund-based facilities with
the installments/interest being rescheduled within the overall
tenure of the term loans. Moreover, the company availed an INR385
million GECL for working capital purposes; however, the same is yet
to be disbursed. The agency believes AHWL would require funding
either in the form of GECL and/or equity infusions over the next
six-to-12 months to service its debt obligations.

Weak Credit Metrics: AHWL's net leverage (net debt/EBITDA)
deteriorated to 6.11x in FY20 (FY19: 5.08x) and interest coverage
(operating EBITDA/gross interest expense) to 1.39x (1.79x), due to
a decline in the EBITDA margins to 28.09% (31.66%). The agency
expects the credit metrics to deteriorate further in the
short-to-medium term, due to the likely decline in the EBITDA and
an increase in the total debt levels (9MFY21: INR2,602.79 million,
FYE20: INR2,456.40 million, FYE19: INR2,398.53 million).

Tie-ups with Established Global Brands: AHWL continues to benefit
from its long-term management contracts with established global
brand Hyatt Regency (Hyatt Group) for its hotel property. The
company continues to benefit from the management's expertise and
has access to the online reservation systems and marketing
strategies of Hyatt Regency.

Experienced Promoters: AHWL is the flagship company of Asian Hotels
West group, which has prime interests in the hospitality business.
AHWL is the holding company of Aria Hotels and Consultancy Services
Private Limited (AHCSPL: 'IND BBB'/Negative) and owns the hotel
Hyatt Regency in Mumbai. The group was founded by Sushil Gupta, the
Ex-chairman of AHWL and the present chairman of AHCSPL, who has
over three decades of experience in the hotel industry, and has
been associated with the development of various hotels, primarily
J.W. Marriott (New Delhi), Hyatt Regency (Mumbai), Qutab Hotel (New
Delhi), Hyatt Regency (New Delhi) and Hyatt Regency (Kolkata).

RATING SENSITIVITIES

Positive: Resolution of corporate governance issues, along with a
substantial improvement in the scale of operations and the EBITDA
margins, along with an improvement in the liquidity position
indicated by DSCR above 1.1x, on a sustained basis, could lead to
the Outlook revision to Stable.


Negative: Future developments that could, individually and
collectively, will result in a negative rating action are as
follows:

- lower-than-expected scale of operations or/and operating
    margins;

- DSCR falling below 1.1x;

- absence of any improvement in the liquidity position.

COMPANY PROFILE

AHWL was incorporated on January 8, 2007 as Chillwinds Hotels
Private Limited and was changed to present name on 12 February
2010. The company entered into a Scheme of Arrangement & Demerger
with Asian Hotels Limited, under which Hyatt Regency Mumbai of the
Asian Hotels was demerged and vested in the company. AHWL operates
a 401-room five-star hotel at Mumbai and has partnered with Hyatt
Hotels India for branding, operating and marketing the hotel under
the Hyatt Regency brand.


AZAD ISPAT: ICRA Withdraws B+ Rating on INR12cr Cash Loan
---------------------------------------------------------
ICRA has withdrawn the Long-term ratings assigned to Azad Ispat
India Private Limited (AIIPL) have been withdrawn at the request of
the company and based on the No Due Certificate received from the
banker, and in accordance with ICRA's policy on withdrawal and
suspension. ICRA is withdrawing the rating and that it does not
have information to suggest that the credit risk has changed since
the time the rating was last reviewed.

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund Based-          12.00      [ICRA]B+ (Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Withdrawn

Incorporated in February 2008, Azad Ispat India Private Limited
(AIIPL / the company), an ISO 9001:2008 certified company,
manufactures Thermo Mechanically Treated (TMT) bars, with a
capacity to produce 31360 tonnes per annum (TPA). The company sells
its product to the dealers who further supply to the housing
segment of the construction industry, under the brand name "AZAD
TMT". It manufactures TMT bars of Fe 500 grade. It also has
facilities to produce mild steel (MS) ingots (14400 TPA) and
billets which are used for captive consumption. Its manufacturing
facility is located in Hindupur (Andhra Pradesh). The major raw
materials consumed by AIIPL for the production of ingot are sponge
iron and scrap. The company procures sponge iron as well as scrap
from the manufacturers based out of Bangalore and Bellary in
Karnataka. All the sales are made in the domestic market.


BISCON TILES: ICRA Raises Rating on INR7.37cr Loans to B+
---------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Biscon
Tiles LLP (BTL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Cash Credit          4.87       [ICRA]B+(Stable); upgraded
                                   From [ICRA]B (Stable)

   Term Loan            2.50       [ICRA]B+(Stable); upgraded
                                   From [ICRA]B (Stable)

Rationale

The rating upgrade factors in the sales ramp up in FY2020 and
9MFY2021, post stabilisation of the newly setup operations, though
BTL's overall scale of operations continue to be small. Further,
the ratings continue to favorably take into account the experience
of the partners in the tile industry and the company's proximity to
raw material sources, by virtue of its presence in Morbi
(Gujarat).

The ratings, however, continue to be constrained by Biscon Tiles
LLP's (BTL) below-average financial risk profile, marked by
moderately leveraged capital structure, small net worth base,
average debt coverage indicators and stretched liquidity position.
The ratings also factor in the intense competition in the tile
industry and the vulnerability of the profitability to volatility
in raw material and fuel prices. ICRA further considers the
exposure of the company's operations and cash flows to the
cyclicality in the real estate industry (the main end-user
sector).

The Stable outlook on the [ICRA]B+ rating reflects ICRA's opinion
that the firm will continue to benefit from the extensive
experience of its promoters in the tiles industry.

Key rating drivers and their description

Credit strengths

* Extensive experience of promoters in ceramic industry: The key
promoters, Mr. Jagdish Dadhaniya, Mr. Bharat Ghodasara and Mr.
Prakash Patel, have extensive experience in the ceramic industry
vide their association with another entity in a similar business
line. The firm will also benefit from the established marketing and
distribution network of its associate concern.

* Location-specific advantage: The location of the firm's
manufacturing facility in the ceramic tiles manufacturing hub of
Morbi enables it to procure quality raw materials at competitive
prices and save on transportation cost.

Credit challenges

* Small-scale operations: BTL commenced its operations in February
2019. The firm reported INR0.66 crore revenue in FY2019. The firm's
operation scaled up, post stabilisation of operation, as reflected
from the revenues of INR19.66 crore in FY2020. However, the overall
scale of operation remains small. The company resumed its business
operations from May 2020. The business performance remained muted
in Q1FY2021 as the nationwide lockdown resulted in low domestic
demand. The scale of operations improved in Q2 and Q3 FY2021 on the
back of demand recovery in the domestic market and healthy volume
offtake from the export markets. BTL reported a revenue of INR17.52
crore in 10MFY2021. The company is estimated to achieve revenue of
INR20-21 crore by the end of FY2021.

* Below-average financial risk profile: Higher debt level and
modest net-worth base reflected a moderately leveraged capital
structure, as evident from the gearing of 1.26 times and TOL/TNW of
1.63 times as on March 31, 2020. The net worth base remained modest
at INR5.78 crore in FY2020. The debt-coverage indicators also
remained average on the back of modest profitability – Total
Debt/OPBDITA and NCA/TD of 3.67 times and 23% in FY2020,
respectively. The company's working capital intensity was moderate
at 14% in FY2020.

* Profitability susceptible to intense competition and cyclicality
in real estate industry: The ceramic tile-manufacturing industry is
fragmented, which results in intense competition and exerts
pressure on the profit margins. Further, the real estate industry
is the major consumer of ceramic tiles and hence BTL's
profitability and cash flows are likely to remain vulnerable to the
cyclicality in the real estate industry.

* Vulnerability of profitability to fluctuations in raw material
and fuel costs: Raw material and fuel are the two major
manufacturing cost components that determine the cost
competitiveness of a player in the ceramic industry. Since BTL has
limited control over key input prices such as those of raw material
and fuel, adverse movements in raw material and gas prices can
expose its profitability to fluctuations.

Liquidity position: Stretched

BTL's liquidity position is stretched as the scheduled repayments
in FY2022 are expected to tightly match the cash accruals. However,
the intermittent infusion of unsecured loans by the promoters and
the sanctioned loan of INR1.11 crore under the COVID package are
likely to comfort the liquidity requirement to some extent. The
working capital utilisation has remained high in the recent past
(~85% from October 2020 to January 2021), resulting in limited
liquidity cushion.

Rating sensitivities

Positive factors

* Sustained improvement in revenue and profitability, leading to
improvement in key credit metrics.

* Strengthening of net worth

Negative factors

* Substantial decline in scale of operations or erosion in
operating margins.

* Any large debt-funded capex or stretch in working capital cycle
adversely impacting the liquidity profile and other key credit
metrics.
  
Established in February 2018, BTL manufactures glazed wall tiles in
the size of 300x250 mm and 300x300mm. The unit is located at Bela,
Morbi and has an estimated installed capacity of producing ~36,000
MT of tiles annually. The firm commenced its commercial operations
on February 2019. The partners have adequate experience in the
ceramic industry vide their association with another entity.


CAMERICH PAPERS: Ind-Ra Assigns 'D' Long-Term Issuer Rating
-----------------------------------------------------------
India Rating and Research (Ind-Ra) has assigned Camerich Papers
Private Limited (CPPL) a Long-Term Issuer Rating of 'IND D'.  

The instrument-wise rating actions are:

-- INR926 mil. Term loan (long-term) due on March 2024 assigned
     with IND D rating;

-- INR250 mil. Fund-based facilities (long-term/Short-term)
     assigned with IND D rating; and

-- INR50 mil. Non-fund-based facilities (short-term) assigned
     with IND D rating.

KEY RATING DRIVERS

The ratings reflect CPPL's delays in term debt servicing during
January 2021, due to COVID-19 led overall slowdown in the paper box
industry over March-September 2020.

RATING SENSITIVITIES

Positive:  Timely debt servicing for at least three consecutive
months could result in a positive rating action.

COMPANY PROFILE

Incorporated in 2014, CPPL had set up a manufacturing of duplex and
triplex paper board which commenced commercial operation in June
2018. The plant is located at Morbi (Gujarat )with an installed
manufacturing capacity of 90,000 metric ton per annum.


CORE JEWELLERY: Ind-Ra Hikes Issuer Rating to BB-, Outlook Stable
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded Core Jewellery
Private Limited's (CJPL) Long-Term Issuer Rating to 'IND BB-' from
'IND B'. The Outlook is Stable.

The instrument-wise rating actions are:

-- INR550 mil. Fund-based working capital limit upgraded with IND

     BB-/Stable/IND A4+ rating; and

-- INR40.83 mil. (reduced from INR50 mil.) Term loan due on April

     2022 upgraded with IND BB-/Stable rating.

KEY RATING DRIVERS

The upgrade reflects an improvement in CJPL's medium scale of
operations in FY20. The company's revenue grew to INR1,200.80
million in FY20 (FY19: INR1,169.30 million), driven by an increase
in the number of orders executed. The company recorded revenue of
INR894.75 million in 9MFY21, and the agency expects the same to
improve in FY21 due to increased orders from its customers.

The ratings are constrained by CJPL's modest EBITDA margins, which
contracted slightly to 6.1% in FY20 (FY19: 6.2%), due to higher
cost of operations. Its return on capital employed stood at 6% in
FY20 (FY19: 7%). The company's modest margins (FY20: 6.07%; FY19:
6.18%; FY18: 7.06%) are a result of the company's exposure to
intense competition in the highly fragmented gems and jewellery
industry, which limits its pricing flexibility. The margins are
also exposed to adverse movements in the prices of polished
diamonds and forex rates. However, the company partly offsets these
risks through forward contracts.

The ratings also continue to factor in CJPL's moderate credit
metrics with unchanged interest coverage (operating EBITDA/gross
interest expense) of 1.7x in FY20 and net leverage (adjusted net
debt/operating EBITDAR) of 8.8x (FY19: 7.5x). The deterioration in
net leverage was on account of an increase in the total debt to
INR646.20 million in FY20 (FY19: INR541.10 million) due to higher
utilization of the working capital limit.

Liquidity Indicator – Stretched: CJPL's average maximum
utilization of fund-based limits was 90.2% for the 12-months ended
January 2021. Its cash flow from operations and free cash flows
deteriorated to negative INR79.2 million in FY20 (FY19: negative
INR7.6 million) and negative INR101.0 million (negative INR17.1
million), respectively, on account of higher working capital
requirement. Further, the net cash cycle deteriorated to 287 days
in FY20 (FY19: 256 days) on account of an increase in the average
receivable days to 265 (221). Additionally, the company had
unencumbered cash of INR7.5 million in FY20 (FY19: INR0.9 million).
Furthermore, the entity does not have any capital market exposure
and relies on banks and financial institutions to meet its funding
requirements. CJPL availed of the Reserve Bank of India-prescribed
moratorium over March-August 2020.

The ratings, however, continue to be supported by CJPL's promoters'
over three decades of extensive experience in the gems and
jewellery industry. This has facilitated the company to establish
strong relationships with customers as well as suppliers.

RATING SENSITIVITIES

Positive: Any improvement in the liquidity along with an
improvement in the scale of operations, leading to an improvement
in the credit metrics with the interest coverage exceeding 1.8x
will be positive for the ratings.

Negative: A decline in the scale of operations, leading to
deterioration in the credit metrics and/or deterioration in the
liquidity position will be negative for the ratings.

COMPANY PROFILE

Incorporated in 1999, Mumbai-based CJPL manufactures and exports
diamond-studded gold jewellery.


CYBERWALK TECH: ICRA Reaffirms D Rating on INR60.55cr Term Loan
---------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Cyberwalk
Tech Park Private Limited (CTPL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long-term Fund-
   based– Term Loan     60.55      [ICRA]D; Reaffirmed

Rationale

The rating continues to factor in the delays in debt servicing by
CTPL, given the inadequate cash flow generation in its single
ongoing commercial project. Given the sluggishness in demand of
commercial space, CTPL has been exposed to considerable market
risk, which has resulted in slower-than-expected sales and leasing.
Going forward, the timely servicing of debt repayment commitments
and CTPL's ability to lease/sell the remaining area at desired
prices and maintain its collection efficiency will remain the key
rating sensitivities. ICRA also notes the extensive experience of
the company's promoters in the real estate sector.

Key rating drivers and their description

Credit strength

* Extensive experience of promoters in real estate and other
businesses: The promoters of the company have a welldiversified
background. The Aarone Group (Aarone Promoters Pvt. Ltd), managed
by Mr. Yog Raj Arora and his family members, is a Delhi-based
real-estate development Group with a track record of over 28 years
in developing residential and commercial projects. Other promoters
of the Group also have significant experience in their own fields.

Credit challenges

* Delays in debt servicing because of inadequate cash flow
generation in project: CTPL developed the first phase of its real
estate project—Cyberwalk—in FY2013, for which it availed a
total debt of INR113.02 crore. Due to subdued sales, the cash flows
generated by the company were inadequate, leading to delay in debt
servicing. Despite the restructuring of debt in August 2016 and
ballooning nature of repayments, it has been making repayments with
a lag. The promoters have been funding the cash flow gaps. ICRA
notes that the debt levels have reduced in the recent fiscals.

* Muted sales velocity with no sales in last four years: The
company sold around 55% of its saleable area till FY2017. However,
there were no sales in the last four years owing to the weak market
conditions and absence of proper connectivity, limited residential
development and levy of toll close to the site.

Liquidity position: Poor

CTPL's liquidity is poor as no sales were made in the last four
fiscals. This is indicated by the lag in repayments being made.
However, the Aarone Group has been infusing funds for the same.

Rating sensitivities

Positive factors – ICRA could upgrade CTPL's ratings if the
company repays its debt obligations in a timely manner on a
sustained basis.

Negative factors – Not applicable.

CTPL (erstwhile Sofed Retailer Private Limited) was promoted as a
special purpose vehicle to set up an IT park at Manesar, Gurgaon.
At present, the shareholders are Aarone Promoters Private Limited
(owned by the Aarone Group) with a 35.66% stake, Mrs. Asha Arora
with a 49.69% shareholding followed by two other promoter groups
from Chandigarh with a 7.33% stake each. The IT park is titled
Cyberwalk and is being developed in two phases, with a total
leasable/saleable area of 11.28 lakh sq ft. While 8.8 lakh sq ft
has been developed in phase one, the company is yet to commence
work on phase two.

ESSAR POWER: Assets to be Auctioned on March 19
-----------------------------------------------
The Financial Express reports that Essar Power Jharkhand is set to
go under the hammer on March 19, with the liquidator inviting bids
for the auction of its assets. The power firm owes INR4,165 crore
to lenders, of which ICICI Bank has an exposure of INR3,625 crore.

This marks one more company landing into the liquidation process
without yielding resolution, FE relates. More than half of the
corporate insolvency resolution processes in the current financial
year have ended up in liquidation. As per data from the Insolvency
and Bankruptcy Board of India, 228 out of 464 cases were closed by
liquidation in the current year.

The liquidator will auction the Essar Power Jharkhand's assets in
two blocks, as per the process memorandum reviewed by FE. The
reserve price for the first block, comprising the entire plant,
machinery and other movable assets, has been kept at INR180 crore,
FE relates. The reserve price for the second block has been kept at
INR23,500 per metric tonne, which includes up to 10,000 metric
tonne of fabricated steel structure and scrap.

FE says the process memorandum document specified that the
liquidator will have discretion to choose from a combination of
bids for realising maximum recovery. It shall be the endeavour of
the liquidator to sell all blocks and maximise overall recovery, it
said.

A special bench of the National Company Law Tribunal (NCLT), New
Delhi, had earlier ordered the liquidation of Essar Power
Jharkhand, according to FE. The court ordered liquidation after the
sole bidder, Lighting Solutions, refused to furnish a performance
bank guarantee for the power plant. The NCLT had appointed Huzefa
Fakhri Sitabkhan as liquidator for the company.

Essar Power Jharkhand was in the process of setting up a
1,200-megawatt pithead coal-fired independent power plant at
Latehar district in the state, FE says. However, before the project
was completed, the company was classified as a non-performing asset
by the lenders in September 2016. Lead creditor ICICI Bank took the
company to the NCLT in 2017 for defaulting on payments.


FAIRDEAL MULTIFILAMENT: ICRA Reaffirms B+ INR12.24cr Loan Rating
----------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Fairdeal
Multifilament Private Limited (FMPL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund-based
   Cash Credit           4.50      [ICRA]B+(Stable) reaffirmed

   Fund-based
   Term Loan            12.24      [ICRA]B+(Stable) reaffirmed

   Non-fund Based
   Bank Guarantee        1.26      [ICRA]A4 reaffirmed

Rationale

The reaffirmation in ratings remains constrained by the company's
weak financial risk profile, characterised by small-scale
operations, net losses in FY2020, leveraged capital structure, weak
debt protection metrics and poor liquidity position. The ratings
also factor in the exposure of its profitability to volatile raw
material prices and foreign exchange fluctuation, which coupled
with the intense competition pressurises the company's revenues and
margins. The ratings, however, favourably factorsin the extensive
experience of the promoters in the polymer processing industry
along with the operational support from the Fairdeal Group.

The Stable outlook on the [ICRA]B+ rating reflects ICRA's opinion
that the company will continue to benefit from the extensive
experience of its promoters in the polymer processing industry.

Key rating drivers and their description

Credit strengths

* Experience of promoters and operational support from Fairdeal
Group: Incorporated in 2014, the company manufactures high tenacity
polyester yarn. The promoters have been in the polymer processing
industry for over 15 years, vide their association with the
Fairdeal Group, which is involved in the similar industry. The FMPL
is expected to receive support from the Fairdeal Group in the form
of operational synergies.

Credit challenges

* Weak financial risk profile characterised by small-scale
operations, net losses in FY2020, leveraged capital structure and
weak debt protection metrics: The company's scale of operations
fell by 30% to INR27.5 crore in FY2020 from INR39.2 crore in
FY2019. Consequently, the operating profitability also moderated to
6.1% in FY2020 (from 7.9% in FY2019), which coupled with high
depreciation and interest burden led to net losses in FY2020.
Further, due to low net worth base of INR1.6 crore in FY2020, the
capital structure of FMPL remained leveraged, with a gearing of
14.4 times in FY2020. The coverage indicators also remained weak
due to weak profitability, with Total Debt/OPBDITA at 14.0 times,
interest coverage of 1.0 times and DSCR of 0.5 times in FY2020.

* Vulnerability of profitability to any adverse fluctuation in raw
material and foreign exchange prices: The company's major raw
material is polyester chips, which being a crude derivative exposes
its margins to any adverse movement in raw material prices.
Further, with the company's increasing focus on exports (~16% of
total revenues in FY2020), the profitability becomes exposed to
fluctuations in foreign exchange prices in the absence of any
formal hedging policy.

* Intensely competitive and fragmented industry structure: The
business environment is characterised by intense competition, given
the fragmented structure and the presence of a large number of
unorganised players along with a few large players in the polyester
yarn manufacturing. This exerts pressure on the company's revenues
and margins.

Liquidity position: Poor

The company's liquidity is poor as cash flow from operations is
inadequate for its debt repayments. Further, the working capital
limits has been fully utilised; thus, infusion of equity/unsecured
loans from promoters remains crucial in case of any cash-flow
mismatches.

Rating sensitivities

Positive factors - ICRA could upgrade the company's ratings if the
latter demonstrates a sustained improvement in revenues and
profitability, leading to higher-than-expected cash accruals.
Additionally, strengthening of the net worth position, which
improves the capital structure and liquidity profile, may also lead
to a rating upgrade.

Negative factors - Negative pressure on the company's ratings could
arise if any decline in revenues and profitability leads to
lower-than-expected cash accruals; or if any further stretch in the
working capital cycle, or any major debt-funded capital
expenditure impacts the capital structure and the liquidity
profile.

Incorporated in 2014, Fairdeal Multifilament Private Limited (FMPL)
is promoted by Mr. Manoj Sanklecha, Mr. Sneh Shah and Ms. Khushboo
Modi. It manufactures high tenacity polyester yarn, which finds
application in various industries such as
automobile, pipe, construction, FIBC and medical. The company's
manufacturing facility is located at the Chacharwadi village of
Ahmedabad (Gujarat), and has an installed capacity of 3600 MTPA.
The company is a part of the Fairdeal Group, which is
involved in a similar industry.

In FY2020, the company reported a net loss of INR0.7 crore on an OI
of INR27.5 crore, as compared to a net profit of INR0.1 crore on an
OI of INR39.2 crore in FY2019.


GUPTA BUILDERS: Ind-Ra Lowers Long-Term Issuer Rating to 'D'
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Gupta Builders
and Promoters Private Limited's (GBPPL) Long-Term Issuer Rating to
'IND D (ISSUER NOT COOPERATING)' from 'IND BB+ (ISSUER NOT
COOPERATING)' and simultaneously resolved the Rating Watch Negative
(RWN). The issuer did not participate in the surveillance exercise
despite continuous requests and follow-ups by the agency. Thus, the
rating is based on the best-available information. Therefore,
investors and other users are advised to take appropriate caution
while using the ratings. The rating will now appear as 'IND D
(ISSUER NOT COOPERATING)' on the agency's website.

The instrument-wise rating actions are:

-- INR733 mil. Term loan due on September 2026 downgraded; Off
     RWN with IND D (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best-available information

KEY RATING DRIVERS

The downgrade reflects GBPPL's delays in debt servicing at
end-February 2021, the details of which are unavailable.

Ind-Ra had previously placed GBPPL on RWN as the company's
management had applied for the restructuring of its term
facilities. The RWN resolution reflects the cancellation of the
same, as informed by the management to Ind-Ra.

However, the ratings have been maintained in the non-cooperating
category as the company has not provided the agency with its annual
report for FY20; the current status of its projects; revised cash
flows for its projects and term loan statements despite continuous
requests and follow-ups.

RATING SENSITIVITIES

Positive: Timely debt servicing for at least three consecutive
months would be positive for the ratings.

COMPANY PROFILE

GBPPL was incorporated in 2011 and is engaged in the development of
independent duplex housing, flats, independent plots, group
housing, malls and commercial complexes. GBPPL has successfully
delivered 12 projects (residential & commercial) spanning over 2.9
million square feet area.

GBP is developing seven residential and commercial projects
spanning over 5.15 million square feet in Chandigarh Tricity
region. The total value of the ongoing projects is INR15 billion.


HARAN CHANDRA: ICRA Reaffirms D Rating on INR11.06cr Term Loan
--------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Haran
Chandra Cold Storage Pvt. Ltd.'s (HCCSPL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund Based–
   Working capital
   Facilities           5.39       [ICRA]D; Reaffirmed

   Fund Based–
   Term loans          11.06       [ICRA]D; Reaffirmed

   Non-fund Based–
   Bank Guarantee       0.25       [ICRA]D; Reaffirmed

   Unallocated
   Limits               0.80       [ICRA]D/[ICRA]D; Reaffirmed


Rationale
The reaffirmation of the rating primarily considers HCCSPL's
consistent delay in timely servicing of debt obligations due to its
poor liquidity position. The rating also remains constrained by
HCCSPL's small scale of current operations, and its weak financial
risk profile, as reflected in high gearing and depressed coverage
indicators. The rating is also impacted by the high working capital
intensive nature of operations due to the practice of extending
upfront advances to the farmers at the time of loading of potatoes,
which exert pressure on the liquidity position. The rating is
further constrained by the regulated nature of the industry, making
it difficult to pass on the increase in operating costs, which
exerts pressure on the profitability.

* HCCSPL remains exposed to the agro-climatic risks as its business
performance entirely depends upon a single agro commodity —
potato. ICRA notes that the company remains exposed to the
counterparty risk due to loans extended to farmers, given the
chances of delinquencies, if potato prices fall to a low level.

The rating, however, derives support from the established track
record of the company in the cold-storage business and the
promoters' long experience in the industry. Besides, HCCSPL enjoys
location-specific advantage as its cold storage unit is situated in
West Bengal, a state well known for large-scale potato production.

Key rating drivers and their description

Credit strengths

* Long track record of promoters in the business of cold storage:
The promoters are involved in the business of cold storage through
other Group entities for a long time, and their experience supports
the operations of HCCSPL.

* Location-specific advantage due to presence in West Bengal:
HCCSPL enjoys location-specific advantage due to its presence in
West Bengal, a state well known for large-scale potato production.

Credit challenges

* Delays in servicing of debt obligations: The company continues to
delay in timely servicing of debt obligations due to its poor
liquidity position.

* Regulated nature of the industry exerts pressure on
profitability: The West Bengal State Marketing Board determines the
maximum rental to be charged by the cold storage and revises it
periodically. Income from the rental charged is the major
source of the company's revenue, but expenses incurred to run the
cold storage like maintenance, human resource, and finance cost
etc. are variable in nature. This exerts pressure on the company's
profitability.

* Recovery of rental and advances given to farmers contingent upon
movement in potato price: As per the industry practice, HCCSPL
provides advances against storage of potato to farmers/ traders,
which it recovers along with interest and rent at the time of
inventory release. This practice exposes the company to the
counterparty risk, given the chances of default if potato prices
fall significantly.

* Weak financial profile indicated by nominal profits, high
gearing, and depressed coverage indicators: The regulated nature of
the industry and the practice of providing advances to the farmers
keep the company's profitability under check and requirement of
working capital facilities high. The financial risk profile of the
company has remained weak, as reflected in a high gearing and
depressed level of coverage indicators.

* High working capital intensity of business exerts pressure on
liquidity position and restricts financial flexibility: The
industry practice of providing advances to the farmers and its
recovery along with the rental charges at the time of offloading
exert pressure on its liquidity. ICRA notes that the company has
sizeable long-term debt-service obligations and high working
capital intensity for business, which are likely to keep its cash
flows under pressure in the near term at least.

Liquidity position: Poor

HCCSPL's liquidity remains poor, as reflected in delays in debt
servicing obligations by the entity. In view of sizeable debt
service obligations compared to the likely cash flow from
operations, the liquidity position of the company would continue to
remain poor in the near term at least.

Rating sensitivities

Positive factors – Regularisation of debt servicing on a
sustained basis (more than three months), following an improvement
in the liquidity profile of the entity may result in a rating
upgrade.

Negative factors – Not applicable

Incorporated in 2014, Haran Chandra Cold Storage Pvt. Ltd. (HCCSPL)
provides cold storage facilities to farmers and traders. The
warehouse is located in the Cooch Behar district of West Bengal
with an installed capacity of 317,275 quintal and is mainly used
for storage of potatoes by farmers/ traders in that area. Apart
from HCCSPL, the promoters are involved in the business of cold
storage through other Group companies and have an existing network,
which is expected to support the revenue generation of HCCSPL.


HASIMARA INDUSTRIES: ICRA Reaffirms B Rating on INR8.50cr Loan
--------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Hasimara
Industries Limited (HIL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund-based–
   Cash Credit          8.50       [ICRA]B (Stable); reaffirmed

   Fund-based–
   Term Loan            2.30       [ICRA]B (Stable); reaffirmed

   Fund-based–
   Working Capital
   Term Loan            1.80       [ICRA]B (Stable); reaffirmed

   Non-fund based-
   Bank Guarantee       1.50       [ICRA]A4; reaffirmed

Rationale

The ratings are constrained by the stretched financial profile of
HIL, as reflected in net losses and adverse debt coverage metrics
over the last three fiscals, notwithstanding an improvement in the
current fiscal. The ratings continue to consider the modest scale
of operations of HIL and the geographical concentration of its tea
estate with a single garden in the Alipurduar district of West
Bengal. The ratings also consider the risks associated with tea for
being an agricultural commodity as its quality and production
volume depend on agro-climatic conditions. Besides, its business
remains vulnerable to regulatory changes, wage rate hike etc. ICRA
notes that stagnant realisations and high operating costs resulted
in operating losses in the previous two fiscals. Realisations have
improved significantly in the current fiscal. However, a
significant increase in the wage rate for the tea estate workers in
West Bengal is likely to exert pressure on HIL's cost structure,
going forward. Moreover, domestic tea prices are impacted by the
demand-supply situation and prices in the international market,
which would continue to have a bearing on the profitability of
Indian tea players, including HIL. The ratings, however, factor in
the extensive experience of the promoters in the tea industry and
the good quality of tea produced with favourable age profile of
HIL's bushes, supporting the company's productivity.

The Stable outlook on the [ICRA]B rating reflects ICRA's opinion
that HIL will continue to benefit from the extensive experience of
its promoters in the tea business. The company's production volume
in the current fiscal is likely to decline mainly due to
the operational disruptions caused by the Covid-19 pandemic.
However, a sharp increase in the average realisations is likely to
positively impact HIL's financial performance in the current
fiscal.

Key rating drivers and their description

Credit strengths

* Experience of the management in the tea industry: HIL,
incorporated in 1904, is a relatively small but an established
player in the tea business, producing the crush, tear, curl (CTC)
variety of tea. It has a total area of 1,061.5 hectares, of which,
around 840 hectares were under tea cultivation in FY2020. A
significant experience of the management in the tea industry over
the years has aided the production and sales of the company. HIL's
tea production remained in the range of 1.80 million kg to 1.96
million kg between FY2013 and FY2020. The company is not involved
in the bought-leaf operation.

* Good quality of tea produced; favourable age profile of the
bushes supports productivity: The average realisation of the
company's tea declined marginally to INR174 per kg in FY2020 from
INR176 per kg in FY2019. Good quality helps HIL's produce command a
premium over the North India auction average prices. The company's
tea bushes have a favourable age profile with 71% of the bushes in
the age group of 5-50 years, resulting in high productivity. This
mitigates the risks associated with the fixed cost intensive nature
of the bulk tea industry, to an extent. In FY2020, its productivity
stood at 2,246 kg/hectare (considering the area under plantation).
Nevertheless, the company's production volume in 9M FY2021 was
negatively impacted by the lockdown on account of the pandemic and
is likely to remain lower in FY2021 compared to FY2020.

Credit challenges

* Stretched financial profile, reflected by net losses and adverse
debt coverage metrics over the last three fiscals, notwithstanding
an improvement in the current fiscal: The company's revenue
increased marginally to INR32.36 crore in FY2020 from INR31.38
crore in FY2019 though its financial profile continues to remain
stretched. The company's adverse cost structure and stagnant
realisations led to operating losses in the last two fiscals. The
company reported a net loss of INR2.86 crore in FY2020 vis-a-vis a
net loss of INR1.92 crore in FY2019. Net losses incurred over the
last three fiscals consecutively led to an adverse debt coverage
metrics and erosion of net worth. The average tea realisations have
increased significantly in the current fiscal. Despite a decline in
production volume, a sharp rise in tea realisations resulted in a
significant improvement in HIL's profits and cash accruals in 9M
FY2021.

* Small scale of current operations and high geographical
concentration risk: In FY2020, HIL's tea production and sales stood
at around 1.89 million kg (Mkg) and 1.86 Mkg, respectively. In 9M
FY2021, the company produced around 1.54 Mkg and sold around 1.34
Mkg of tea. HIL's current scale of operation remains small compared
to the established players in the tea manufacturing industry,
constraining the company's operational profile to some extent. The
company has a single garden located in the Alipurduar district of
West Bengal. This keeps HIL vulnerable to high geographical
concentration risk.

* Exposed to agro-climatic risks, regulatory changes, wage rate
hike etc as tea is an agricultural commodity: The quality and
production volume of tea are impacted by agro-climatic  conditions,
pest attacks etc. The sector also remains vulnerable to other
factors like regulatory changes, wage rate hike by the Government
etc. The Government of West Bengal has recently declared a hike of
15% in the daily wage rate of the tea garden workers, which would
result in an increase in the company's
production cost.

* Prices of Indian tea, in spite of its better quality, remain
vulnerable to price fluctuation in the international market: The
average tea realisations have increased sharply in the current
fiscal. The average realisations for the company's tea increased
in 9M FY2021 to INR239/kg compared to INR174/kg in FY2020, in
tandem with the industry trends. However, prices of domestic tea,
despite its better quality, are impacted by the international
prices to some extent. Hence, the demand-supply situation in the
global tea market, in ICRA's opinion, would continue to have a
bearing on the profitability of Indian players, including HIL.

Liquidity position: Stretched

HIL's liquidity position is Stretched. The company generated
negative cash flow from operations over the past two years. It has
an annual debt repayment obligation of INR1.35 crore in FY2021 and
INR1.18 crore in FY2022. HIL had a nominal free cash balance of
INR0.27 crore as on March 31, 2020. Its undrawn fund based working
capital limit also remained low at INR0.23 crore as on March 31,
2020, though the same has improved in recent months. With an
improvement in the profitability, the company's cash flow from
operations is likely to increase in the current fiscal. However, a
moderation in the realisation and an increase in wage rate are
likely to exert pressure on HIL's cash flows, going forward.

Rating sensitivities

Positive factors – ICRA may upgrade HIL's ratings if there is a
sustainable improvement in its scale of operation and tea
realisations.

Negative factors – ICRA may downgrade HIL's rating if there is
any further increase in wages or any unfavourable regulatory
development, negatively impacting the company's credit profile. A
deterioration in the company's liquidity position may also result
in a rating downgrade.

Hasimara Industries Limited (HIL), incorporated in 1904, owns a tea
garden in the Alipurduar district of West Bengal. The tea estate is
spread over an area of around 1,061 hectares, of which around 840
hectares is under tea cultivation. The company primarily produces
the CTC variety of black tea, which it sells in the domestic market
through auction and private sales. The company has an installed
capacity to manufacture 22 lakh kg of tea per year, of which it
utilised around 86% in FY2020.


HYDROGEN GENTECH: ICRA Withdraws D Rating on INR12.50cr Loans
-------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Hydrogen Gentech Private Limited at the request of the company and
based on the No Objection Certificate received from its banker.
However, ICRA does not have information to suggest that the credit
risk has changed since the time the rating was last reviewed. The
Key Rating Drivers, Liquidity Position, Rating Sensitivities, Key
financial indicators have not been captured as the rated
instruments are being withdrawn.

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Long-term
   Fund-based
   Cash Credit        3.00       [ICRA]D; Withdrawn

   Long-term
   Fund-based
   Term Loan          8.00       [ICRA]D; Withdrawn

   Long-term
   Unallocated        1.50       [ICRA]D; Withdrawn

HGPL is promoted by Mr. Siddhartha Gupta, Mr. Atul Tyagi, Mr. Amit
Tyagi and Mr. Sham Raj Tyagi. The company proposes to manufacture
hydrogen generation plants with capacities ranging from 25 NM3/Hr
to 100 NM3/Hr and 2 NM3/Hr to 10 NM3/Hr to provide advantages of
green, high purity hydrogen to meet the growing demands of hydrogen
generation in India as well as the overseas market. The total cost
of the project was INR12.50 crore, which was funded through INR8.00
crore of term loan and the remaining from promoters' contribution.
The loan has to be paid in 84 monthly instalments starting from
November 2019.


JAI MAHARASHTRA: ICRA Reaffirms D Rating on INR78cr Debentures
--------------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Jai
Maharashtra Nagar Development Private Limited (JMNDPL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Non-Convertible
   Debentures (NCD)     78.00      [ICRA]D; Reaffirmed

Rationale

The rating reaffirmation continues to factor in the continuing
delays in debt servicing as well as breach of the covenants of the
debenture trust deed by failing to provide additional security
within the stipulated timelines. ICRA notes that the principal and
premium amounts due from JMNDPL for redemption of NCDs on March 16,
2016 and June 16, 2016 remain overdue as on date. The execution
risk continues to remain high following delays of over four years
in commencement of the project, coupled with high regulatory risk
led by expiry of critical approvals including Intimation of
Disapproval (IOD). The project also faces high market risk, given
that no sales have been recorded and majority of the advances
collected against bookings have been refunded.

Key rating drivers and their description

Credit strengths: Not Applicable

Credit challenges

* Delays in debt servicing pertaining to NCDs and continuing breach
of covenants of debenture trustee deed: The debentures were
initially due for redemption in March 16, 2015 and November 16,
2015. These were subsequently restructured, and the redemption
dates were extended to March 16, 2016 and June 16, 2016. The
company, however, failed to provide additional security within the
stipulated timelines post the restructuring of the NCDs in 2015,
leading to a breach of the covenants of the debenture trust deed.
Furthermore, the principal and premium amounts due for redemption
remain overdue as on date.

* High execution risk as there has been no progress in the project
over the past four years: The company had planned to commence
construction in 2013. It, however, failed to receive critical
approvals including IOD for the sale portion, leading to delays in
project execution since construction has not started at the site
yet.

* High regulatory risk with delay in receipt of approvals and
project execution by over four years: All the regulatory approvals
received by the project have expired. Since there has been no
progress in the project, the company has not applied for any new
approvals, which exposes the project to high regulatory risk.

* Market risk given that the project is stalled: The company had
launched 122 out of the planned 897 saleable units in August 2012.
However, due to delay in project execution, all the bookings
(except eight of them) have been cancelled and the advances
refunded to customers.

Liquidity position: Poor

JMNDPL's liquidity position is poor as the fund flow from
operations (FFO) has remained negative for the last five years. It
had an outstanding NCD of INR78.00 crore as on March 31, 2020. ICRA
notes that there is a major concern on liquidity, since the
project is not operational to generate cash inflows and debt
repayments are yet to be made, resulting in severe cashflow
mismatch.

Rating sensitivities

Positive factors - The ratings may be upgraded if the company
repays its outstanding NCDs and interest accrued.

Negative factors - Not applicable.

Jai Maharashtra Nagar Development Private Limited is a special
purpose vehicle promoted by a Mumbai-based promoter group for the
redevelopment of the Jai Maharashtra Nagar Co-operative Housing
Federation Limited—a federation of eight societies in Mumbai. The
redevelopment project entails rehabilitation of its existing
society tenants, as part of the free-sale component of the project,
while the company has been entitled to sell about 1.23 million
square feet of saleable area. The company has not recorded any
revenues and it recorded net loss of INR0.42 crore in FY2020.


JP SORTEX: ICRA Keeps B+/A4 Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of JP Sortex
Private Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B+ (Stable)/A4 ISSUER NOT
COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Fund based         37.00      [ICRA]B+ (Stable)/A4 ISSUER NOT
   Limits                        COOPERATING; Rating continues to
                                 remain under 'Issuer Not
                                 Cooperating' category

   Unallocated         3.00      [ICRA]B+ (Stable)/A4 ISSUER NOT
   Limit                         COOPERATING; Rating continues to
                                 remain under 'Issuer Not
                                 Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.

Incorporated in 2001, JPSPL is primarily involved in the milling of
basmati rice. The company's milling unit is located in Firozpur,
Punjab, in close proximity to the local grain market. It sells rice
under its five registered brands in the domestic market which
include Rice-o-Punjab, Rice-o-India, 5 Horses, 65 and JPA. JPSPL
sells its product across India including New Delhi, Tamil Nadu,
Gujarat, Maharashtra and Madhya Pradesh, and also exports rice
primarily to the Middle East countries through merchant Exporters.


JUBILEE HILLS: Ind-Ra Affirms 'BB-' Bank Facilities Rating
----------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed The Jubilee Hills
Co-op House Building Society Ltd's (Jubilee Hills) bank facilities
as follows:

-- INR175 mil. Term loan due on FY28 affirmed with IND BB-/Stable

     rating.

KEY RATING DRIVERS

The rating reflects Jubilee Hills' small size and restricted nature
of revenue, as its only source of income is interest on fixed
deposits, maintenance charges and other utility charges collected
from its members. The society's revenue has remained flat over the
last four-to-five years. The society recorded revenue of INR14.25
million in FY20 (FY19: INR19.7 million), mainly supported by
interest and maintenance income.

The society's operating margins have been volatile during FY16-FY20
due to its limited revenue generation and higher dependency on
interest income. Jubilee Hills continued to reported EBITDA losses
of INR6.28 million in FY20 (FY19: INR1.02 million), due to a
reduction in interest income.

The rating factors in the built-up net worth of Jubilee Hills,
which increased to INR357.86 million in FY20 (FY19: INR320.3
million). The society has built a healthy capital reserve on the
back of collections from its members in the form of fees and other
utility charges for over 50 years. Nevertheless, given it operates
as a society, there are inherent limitations in raising equity
capital than other companies. Being a society, it can only raise
capital from its members and cannot raise capital from any external
sources or investors.

Liquidity Indicator - Stretched: The society's available funds
(cash and unrestricted funds (including investments)) stood at
INR30 million at FYE20 (FYE19: INR126.54 million). It provides
strong financial cushion to both financial leverage, operating
expenditure and for future capital expenditure plans. However,
since the society mainly relies on interest income, a depletion in
investment along with a non-improvement in its maintenance charge
collection efficiency will impact its financial health. Ind-Ra
expects the liquidity to remain stretched over the medium term.

However, the rating is supported by the completion of construction
of the community centre on 4.45 acres of land with a total built up
area of 18,688.88 square meters. The total project cost of INR346
million was funded by promoter's contribution of INR151 million,
debt of INR175 million and INR24 million from a tenant at the
convention centre. The society signed a 17-year lease to rent out
its community centre premises and is likely to receive rentals of
INR31.01 million per annum, sufficient to cover the debt repayments
over the loan tenure.

The rating also benefits from Jubilee Hills continued healthy debt
coverage on account of the absence of any debt exposure. However,
the society had availed a loan to INR175 million to construct the
convention centre; the repayments have started from February 2021.
Ind-Ra expects the debt service coverage ratio (DSCR) to remain
comfortable above 1.2x over the medium term on account of support
received in the form of lease payments from the convention centre
tenants.

RATING SENSITIVITIES

Positive: Events that could, individually or collectively for two
consecutive years, lead to a positive rating action is:

- an increase in the total income to above INR60 million,
- stable operating margins above 5%,
- a healthy DSCR above 1.2x.

Negative: Events that could, individually or collectively for two
consecutive years, lead to a negative rating action is:

- a fall in DSCR excluding prepayments below 1x,
- a shortfall in lease rental payments, and
- termination of lease agreements resulting in no lease rental
    payments.

COMPANY PROFILE

Jubilee Hills was registered on July 7, 1962 as a co-operative
society under the Andhra Pradesh State Co-operative Societies Act,
with Registration No. T.A.173. Its main objectives are to carry on
functions for the benefit of its members, and buying and developing
land in accordance with co-operative principles as per the Andhra
Pradesh State Co-operative Societies Act. Jubilee Hills has total
member base of 4,986 divided amongst residential, commercial
members and non-land/property holders.

K MANIAR: Ind-Ra Downgrades Long-Term Issuer Rating to 'D'
-----------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded K Maniar's
Long-Term Issuer Rating to 'IND D (ISSUER NOT COOPERATING)' from
'IND BB (ISSUER NOT COOPERATING)'. The issuer did not participate
in the rating exercise despite continuous requests and follow-ups
by the agency. Thus, the rating is based on the best available
information. Therefore, investors and other users are advised to
take appropriate caution while using these ratings.

The instrument-wise rating action is:

-- INR353.285 mil. Long-term loan due on February 28, 2021
     downgraded with IND D (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best-available information

KEY RATING DRIVERS

The downgrade reflects K Maniar's delays in debt servicing as of
end-February 2021; the details of which are unavailable.

RATING SENSITIVITIES

Positive: Timely debt servicing for at least three consecutive
months would be positive for the ratings.

COMPANY PROFILE

K Maniar commenced the construction of the Sethia Grandeur building
in March 2016.


KANSARA FORGE: ICRA Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Kansara
Forge & Wires Private Limited in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4
ISSUER NOT COOPERATING".

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long term fund       2.50       [ICRA]B+ (Stable) ISSUER NOT
   Based (CC Limit)                COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

   Long term fund       3.50       [ICRA]B+ (Stable) ISSUER NOT
   Based (Term Loan)               COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category   

   Short term non       2.00       [ICRA]A4 ISSUER NOT
   Fund based                      COOPERATING; Rating continues
                                   to remain under 'Issuer Not
                                   Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the
credit risk profile of the entity. The rating action has been taken
in accordance with ICRA's policy in respect of non-cooperation by a
rated entity available at www.icra.in.

Kansara Forge & Wires Private Limited (KFWPL), incorporated in
2000, is engaged in manufacturing of steel drawn wires used for the
manufacturing of rollers for bearings. The company was founded by
the Kansara Group and began its commercial operations from January
2013. The manufacturing unit is located at Jodhpur with an annual
production capacity of 12 Metric Tonne Per Day (MTPD).


KAVERI SILK: ICRA Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Kaveri
Silk Mills Private Limited in the 'Issuer Not Cooperating'
category.  The rating is denoted as "[ICRA]B+ (Stable) ISSUER NOT
COOPERATING".

                     Amount
   Facilities     (INR crore)   Ratings
   ----------     -----------   -------
   Long-term,        32.60      [ICRA]B+ (Stable) ISSUER NOT
   Fund Based                   COOPERATING; Rating continues
   Limit                        to remain under 'Issuer Not
                                Cooperating' category

   Long-term,         0.62      [ICRA]B+ (Stable) ISSUER NOT
   Unallocated                  COOPERATING; Rating continues
   Limit                        to remain under 'Issuer Not
                                Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.

Kaveri Silk Mills Private Limited was incorporated in 1987 and is
engaged in the business of selling sarees wherein the company buys
the greige cloth locally and outsources the value additive works
like dyeing, printing, embroidery to local job-workers. The sarees
are sold under the brand name 'Kaveri'. KSMPL has its office as
well as its warehouse in Surat (Gujarat).


KESORAM INDUSTRIES: Plans to Sell Junk Bonds Yielding 21%
---------------------------------------------------------
Divya Patil at Bloomberg News reports that distressed Kesoram
Industries Ltd. is planning to sell junk-rated rupee bonds that
yield as high as 21%, a rare issuance in India's local-currency
debt market where most borrowers have AA ratings or higher.

Cement manufacturer Kesoram Industries is seeking bids on March 12
for as much as INR16.04 billion (US$221 million) of notes that
matures in February 2026, according to people with knowledge of the
matter, who asked not to be identified, Bloomberg relays. The
proposed securities are rated D by Crisil and carry a coupon that
increases in stages the longer they are outstanding, the people
said.

Kesoram Industries defaulted on debt last year and the company's
finances have worsened amid intense competition in the cement
business, Bloomberg notes. The Kolkata-based company, whose history
dates back over 100 years, this month allotted equity shares and
preference securities to 10 creditors as part of its plan to
restructure its debt.

In India's corporate bond market, state-owned issuers or companies
that have high ratings typically dominate debt offerings, Bloomberg
says.

Bloomberg says proceeds from Kesoram Industries planned offering
will be used in part to repay existing loans and overdue
liabilities. The company hadn't complied with certain financial
covenants and defaulted on 4.6 billion rupees of debt as of Dec.
31, the company said in a statement last month.

                     About Kesoram Industries

Kesoram Industries Ltd is engaged in the manufacture of cement,
tyres, tubes, rayon, paper, heavy chemicals and spun pipes. The
company also in the business activities of Tyres, Cement, Rayon,
T.P and Chemicals.

As reported in the Troubled Company Reporter-Asia Pacific on Jan.
5, 2021, CRISIL assigned its 'CRISIL D' rating to the INR60 crore
optionally convertible debentures (OCDs) of Kesoram Industries
Limited (KIL) and has reaffirmed 'CRISIL D' rating on existing OCDs
and non-convertible debentures (NCDs). CRISIL has also withdrawn
its rating on the NCDs of INR60 crore on the company's request.
This is in line with CRISIL's policy on withdrawal of debt
instruments.

                      Amount
   Facilities       (INR Crore)     Ratings
   ----------       -----------     -------
   Optionally            60         CRISIL D (Assigned)
   Convertible
   Debentures            

   Optionally           400         CRISIL D (Reaffirmed)
   Convertible
   Debentures           

   Non Convertible    1,650         CRISIL D (Reaffirmed)
   Debentures         

   Non Convertible       90         CRISIL D (Reaffirmed)
   Debentures            

   Non Convertible       60         CRISIL D (Withdrawn)
   Debentures            

The ratings continue to reflect KIL's ongoing delays in servicing
its debt obligation, weak financial risk profile, stretched
liquidity and exposure to cyclicality in the cement industry. These
weaknesses are partially offset by the established market position
in cement industry and the long track record of the company.


MANGILAL AGARWAL: ICRA Keeps B+ Debt Rating in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Mangilal
Agarwal in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B+ (Stable) ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Fund-Based         15.00      [ICRA]B+ (Stable) ISSUER NOT
   Limits                        COOPERATING; Rating continues
                                 to remain under 'Issuer Not
                                 Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.

Mangilal Agarwal was established in 1956 and is one of the oldest
jewellery manufacturer and bullion trader in Jodhpur (Rajasthan).
The firm currently operates out of its two showrooms in Jodhpur and
also has a workshop nearby for jewellery making. The firm is
professionally managed by all its partners.


MANHAAR CONSTRUCTIONS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------------
Debtor: M/s. Manhaar Constructions India Private Limited
        Room No. XVII/111K2
        Kambakkudy Building
        NR MA College Junction
        Kothamangalam, Ernakulam
        Kerala 686691

Insolvency Commencement Date: March 9, 2021

Court: National Company Law Tribunal, Kochi Bench

Estimated date of closure of
insolvency resolution process: September 5, 2021

Insolvency professional: Mr. P.D. Vincent

Interim Resolution
Professional:            Mr. P.D. Vincent
                         First Floor, 65/2364A
                         Ponoth Road, Kaloor
                         Kochi 682017
                         E-mail: vincent@svjs.in
                                 cirp2021@gmail.com

Last date for
submission of claims:    March 23, 2021


MANPASAND BEVERAGES: Bankruptcy Court Admits Insolvency Plea
------------------------------------------------------------
The Economic Times reports that the dedicated bankruptcy court has
admitted the Corporate Insolvency Resolution Process (CIRP) against
BSE-listed Manpasand Beverages Ltd.  The Ahmedabad bench of the
National Company Law Tribunal (NCLT) has appointed Arpan
Maheshkumar Shah as Interim Resolution Professional for the
company, the report says.

"It is made clear that all personnel connected with Corporate
Debtor (Manpasand Beverages), its promoter or any other person
associated with management of the corporate debtor are under a
legal obligation under Section 19 of the Code extend every
assistance and cooperation to the Interim Resolution Professional,"
said the bench in its order of March 1, ET relays.

ET relates that the company has said in its stock exchange
announcement on March 9 that, as per Section 17 of the IBC, the
powers of the Board of Directors of the Corporate Debtor stand
suspended and such powers shall be-vested with its IRP, Arpan
Maheshkumar Shah.

According to ET, the company's operational creditor Huhtamaki PPL
Ltd had approached the tribunal in 2019 after the homegrown
beverage company had failed to repay its dues for packing material
between 2016 to 2019. The operational creditor had approached the
tribunal after the company defaulted on its payment of INR1.31
crore.

"It was claimed from the reply submitted by the Corporate Debtor
(Manpasand), that there were certain financial/legal issues with
the Corporate Debtor which resulted into financial distress and on
account of that Corporate Debtor could not make the payment of the
subject amount," observed the tribunal in its 4-page order, ET
relays. "We have considered the submission made by all parties as
well as material on record. As far as maintainability of
application is concerned, all provisions of IBC, 2016 stand
complied."

The company had reported net sales at INR0.04 crore in December
2020 quarter, down 84.49% from Rs0.23 crore in the same quarter
last year, ET discloses. While the company had reported a quarterly
net loss at INR26.67 crore in December 2020 down 2.42% from
INR26.04 crore in December 2019.

The tribunal presided over by a judicial member Madan Bhalachandra
Gosavi and a technical member Virendra Kumar Gupta has restrained
the promoters of the company from transferring, encumbering,
alienating or disposing of its asset, ET discloses.

Manpasand Beverages Limited is a limited liability company in
India. It owns brands such as MangoSip, Fruits Up, Manpasand ORS,
and OXY Sip. Its MangoSip brand was the 2nd largest selling mango
drink in India in 2014.


MTM TRADING PRIVATE: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: M/s. MTM Trading Private Limited
        1438/2, Kalmath Road
        Belgaum, Karnataka 590001

Insolvency Commencement Date: March 9, 2021

Court: National Company Law Tribunal, Belgaum Bench

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

Insolvency professional: Mr. Joby Chacko

Interim Resolution
Professional:            Mr. Joby Chacko
                         1002, 10th Floor
                         Prestige Meridian-II
                         MG Road
                         Bangalore 560001
                         E-mail: jobykc@gmail.com
                                 ipjoby@gmail.com

Last date for
submission of claims:    March 24, 2021


MYTRAH VAYU: ICRA Lowers Rating on INR915.90cr Term Loan to D
-------------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Mytrah
Vayu (Indravati) Private Limited (MVIPL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   LT–Fund-based       915.90      Downgraded to [ICRA]D from
   Term Loan                       [ICRA}B- (Negative)

   LT-Fund based–      100.00      Downgraded to [ICRA]D from
   working capital                 [ICRA}B- (Negative)
   facility            
                                
   LT–Unallocated      134.10      Downgraded to [ICRA]D from
                                   [ICRA}B- (Negative)

Rationale

ICRA's rating revision factors in the delays in servicing of the
debt obligations by MVIPL, owing to the significant delays in
receiving payments from the offtaker for its 105 MW wind power
project namely, Southern Power Distribution Company of Andhra
Pradesh Limited (APSPDCL). This is on account of the pending
resolution of the tariff issue for its wind power project tied-up
under the long-term power purchase agreement (PPA) with APSPDCL.

On July 1, 2019, the Government of Andhra Pradesh had issued a
notification forming a high-level negotiation committee (HLNC) to
review, negotiate and bring down the cost of wind and solar PPAs
tied-up by the state distribution utilities. Based on the petition
filed by the affected developers, the High Court of Andhra Pradesh
(APHC), vide its order dated September 24, 2019, quashed the
notification issued by the Government and asked the parties to
approach the Andhra Pradesh Electricity Regulatory Commission
(APERC) to decide on the tariff issue. Furthermore, the APHC
directed the discoms to make payments to wind power developers at
the interim tariff rate of INR2.43/Kwh, till the resolution of the
tariff issue. The court has suggested a time frame of six months
for the APERC to decide on the issue.

However, the resolution of the tariff issue is pending, with the
APERC yet to decide on this matter. Meanwhile, the developers
approached the division bench of the APHC against the single bench
order of referring the matter to the APERC. The resolution process
is further delayed because of the Covid-19 pandemic-induced
lockdown. The resolution of the ongoing tariff issue with the
APSPDCL remains a key rating sensitivity for MVIPL. While the
company has received partial payments from APSPDCL at the interim
rate of INR2.43 per unit as directed by the Andhra Pradesh High
Court, the overall receivable position continues to remain high
from the APSPDCL. Also, the counterparty credit risks remain high
for the exposure to Jaipur Vidyut Vitaran Nigam Limited (JVVNL) for
the 50.4 MW wind power asset of the company in Rajasthan.

This apart, the rating continues to factor in the risks arising
from the vulnerability of cash flows to seasonality and variance in
wind power density, given that the revenues are linked to the
actual units generated and exported. While the geographic diversity
of the wind power assets across two states provides cushion against
the variation in wind availability, the actual generation track
record has remained below the P90 estimate. The generation by the
wind power capacity declined by 9.9% on a year-on-year (YoY) basis
in FY2020, partly because of the grid curtailments witnessed in
Andhra Pradesh. Moreover, the generation declined by 22.6% in the
first four months of FY2021 on a YoY basis. This along with the
high leverage level (Total debt / OPBDITA at 7.72 times as of March
2020) is expected to result in weak debt coverage metrics for the
company in the near term. Also, the debt coverage metrics remain
sensitive to any movement in interest rates. ICRA also notes that
the company's operations remain exposed to regulatory challenges
arising from the implementation of the scheduling and forecasting
framework, as approved by the APERC and the Rajasthan Electricity
Regulatory Commission (RERC). Further, the financial profile of the
Mytrah Group has been affected by the delays in realising payments
for its portfolio in Andhra Pradesh.

ICRA continues to take note of the limited demand risks because of
the presence of long-term PPAs with APSPDCL for 105 MW and with
Jodhpur Vidyut Vitaran Nigam Limited (JVVNL) for the balance 50.4
MW. Further, the rating factors in the presence of a 20-year
contract (including the first two-year free period) with Suzlon
Global Services Limited for the operation & maintenance (O&M) of
the wind turbine generators (WTGs).

Key rating drivers and their description

Credit strengths

* Limited demand risks: MVIPL has signed long-term PPAs with
APSPDCL and JVVNL for the full capacity at the approved feedin
tariff rates for a period of 25 years, mitigating demand risks.
Furthermore, the projects are availing the GBI benefit of INR0.5
per unit.

* Geographic diversity of portfolio: The geographic diversity of
the company's wind farms, 105-MW at Vajrakarur in Andhra Pradesh
and 50.4 MW at Bhesada in Rajasthan, offsets the risk of variation
in wind availability and the counterparty credit risk to some
extent.

Credit challenges

* Delays in debt servicing: The company has delayed in meeting its
debt servicing obligations in January- February 2021, following the
delays in receiving payments from its customer for its 105 MW wind
power project - the Southern Power Distribution Company of Andhra
Pradesh Limited (APSPDCL). This is given the ongoing regulatory
challenges, related to the renegotiation of tariffs under the PPA.

* Counter-party credit risk remains high; uncertainty over tariff
issue: The counterparty credit risks remain high owing to exposure
to the APSPDCL and the JVVNL, given their weak financial profiles.
While the company has received partial payments from APSPDCL in
December 2019-January 2020 and in July 2020 at the interim rate of
INR2.43 per unit as directed by the Andhra Pradesh High Court, the
overall receivable position remains high. This is because of the
ongoing tariff issue with the APSPDCL. The resolution of the tariff
issue remains pending. While the developers also approached the
division bench of the APHC against the issue being referred to
APERC, the APHC is yet to issue any order on this matter.

* Decline in generation in FY2020 because of grid curtailment: The
155.4 MW wind power capacity of MVIPL saw a decline of 9.9% in
FY2020 over FY2019, with a reported PLF of 21.3% against P90
estimate of 24.2% and a reported PLF of 23.7% in FY2019, because of
grid curtailments in Andhra Pradesh. Also, the generation declined
by 22.6% in the first four months of FY2021 compared to the
corresponding period of the previous year.

* High leverage level and weak debt coverage metrics: The debt
coverage metrics for the company are constrained, given the high
leverage level (external debt/OPBDITA at 7.2 times in FY2020) and
the under-performance in generation by the wind farms against the
P90 estimate. Also, the debt coverage metrics remain sensitive to
any movement in interest rates.

* Group's financial profile: The financial profile of the Mytrah
Group has been affected because of the delays in realizing payments
for its portfolio in Andhra Pradesh.

* Debt metrics for the project remain sensitive to PLF levels given
the one-part tariff structure: The debt metrics of the project
remain sensitive to the generation from the wind farms given the
one-part tariff structure; as a result, any adverse variation in
wind conditions may impact the PLF and consequently, the cash
flows.

* Challenges associated with implementation of forecasting and
scheduling regulations: The regulatory challenges from the
implementation of scheduling & forecasting framework for wind power
projects in Andhra Pradesh and Rajasthan pose a risk, given the
limited experience in scheduling and forecasting for the industry
players in India and the variable nature of wind energy
generation.

Liquidity position: Poor

The liquidity profile of the company is constrained by the large
pending dues from APSPDCL, given the pending resolution of the
tariff issue. The resolution of the tariff issue in Andhra Pradesh
and the subsequent realisation of pending dues from APSPDCL remains
important to improve the liquidation position of the company.

Rating sensitivities

Positive factors Timely servicing of debt obligations by the
company in a sustainable manner remains a key trigger for rating
upgrade.

Negative factors - Not applicable.

MVIPL, incorporated in June 2012, is a special purpose vehicle
(SPV) promoted by Mytrah Energy (India) Private Limited (MEIPL).
MVIPL is operating a 155.4-MW wind power capacity, 105-MW at
Vajrakarur in Andhra Pradesh and 50.4 MW at Bhesada in Rajasthan.
The project in Andhra Pradesh was fully commissioned in March 2016,
while that in Rajasthan was fully commissioned in December 2015.
The project has been developed at a total cost of INR1158.23 crore.
The company has tiedup long-term PPAs, with the respective state
distribution utilities for the wind power projects, at the feed-in
tariff rate of INR4.83 per unit in Andhra Pradesh and INR5.74 per
unit in Rajasthan. The project was developed by MEIPL, with the
WTGs supplied by Suzlon. MEIPL, incorporated in November 2009, is a
leading wind power IPP in India, with operational wind and solar
power capacity of 1.7 GW spread across eight states under various
SPVs.


PRIYANKA COMMUNICATIONS: Ind-Ra Cuts Long-Term Issuer Rating to 'D'
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Priyanka
Communications (India) Private Limited's (PCIPL) Long-Term Issuer
Rating to 'IND D (ISSUER NOT COOPERATING)' from 'IND BB (ISSUER NOT
COOPERATING)'.The issuer did not participate in the rating exercise
despite continuous requests and follow-ups by the agency. Thus, the
rating is based on the best available information. Therefore,
investors and other users are advised to take appropriate caution
while using the rating.

The instrument-wise rating actions are:

-- INR260 mil. Proposed fund-based working capital limit (long-
     term) is withdrawn (the company did not proceed with the
     instrument as envisaged);

-- INR940 mil. Fund-based working capital limit (long-term)
     downgraded with IND D (ISSUER NOT COOPERATING) rating;

-- INR260 mil. Non-fund-based working capital limit (long-
     term/short-term) downgraded with IND D (ISSUER NOT
     COOPERATING) rating; and

-- INR540 mil. Proposed non-fund-based working capital limit
     (long-term/short-term) is withdrawn (the company did not
     proceed with the instrument as envisaged).

Note: ISSUER NOT COOPERATING: The ratings were last reviewed o
January 12, 2017. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.

KEY RATING DRIVERS

The downgrade reflects PCIPL's delays in debt servicing, the
details of which are not available.

RATING SENSITIVITIES

Positive: Timely debt servicing for at least three consecutive
months will be positive for the ratings.

COMPANY PROFILE

Incorporated in 1998, PCIPL is the flagship company of the Priyanka
group. PCIPL provides marketing and sales support for Micromax YU
mobile handsets in western India.


RADHA KRISHNA: Ind-Ra Moves BB- LT Issuer Rating to Non-Cooperating
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Radha Krishna
Impex Private Limited's Long-Term Issuer Rating to the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND BB- (ISSUER NOT COOPERATING)' on the agency's
website.

The instrument-wise rating actions are:

-- INR105 mil. Fund-based working capital limit migrated to non-
     cooperating category with IND BB- (ISSUER NOT COOPERATING)
     rating; and

-- INR30 mil. Non-fund-based working capital limit migrated to
     non-cooperating category with IND A4+ (ISSUER NOT
     COOPERATING) rating.

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
March 6, 2020. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.

COMPANY PROFILE

Incorporated in 1994 by Alok Kumar Kedia, Muzaffarpur-based Radha
Krishna Impex is engaged in the trading of processed fruit pulp.
The company procures fruit pulp and concentrates, and supplies them
to customers in West Bengal, Odisha and Bihar.

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

The instrument-wise rating action is:

-- INR776.747 mil. Long-term loan due on February 28, 2021
     downgraded with IND D (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best-available information

KEY RATING DRIVERS

The downgrade reflects Raj Arcade Homes' delays in debt servicing
in February 2021.

RATING SENSITIVITIES

Positive: Timely debt servicing for at least three consecutive
months would be positive for the ratings.

COMPANY PROFILE

Raj Arcade Homes is constructing a residential project in Kandivali
West (Mumbai). The project, which commenced in January 2012, is a
redevelopment project under the Slum Rehabilitation Authority. The
company was incorporated by Rajesh Savla.

RAJI MATHEW: Ind-Ra Assigns 'BB' LT Issuer Rating, Outlook Stable
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Raji Mathew & Co.
(RMC) a Long-Term Issuer Rating of 'IND BB'. The Outlook is Stable.


The instrument-wise rating actions are:

-- INR250 mil. Fund-based limits assigned with IND BB/Stable
     rating; and

-- INR150 mil. Non-fund-based limits assigned with IND A4+
     rating.

KEY RATING DRIVERS

The rating reflects RMC's small scale of operations, as indicated
by the revenue of INR543.28 million in FY20 (FY19: 315.68 million).
The revenue increased by 72.10% yoy in FY20 due to the execution of
higher number of orders. RMC had an order book of INR920.50 million
as on 31 December 2020, scheduled to be executed by FY22. In
9MFY21, RMC booked revenue of INR505.98 million, and the company
had unexecuted projects worth INR396.01 million that are scheduled
to be executed in 4QFY21. The firm expects to record a revenue of
INR800 million in FY21. Considering the order execution in 9MFY21,
Ind-Ra expects the revenue to be higher on a yoy basis in FY21.

Liquidity Indicator - Stretched: The average utilization of the
fund-based limits was a moderate 60.5% over the 12 months ended
November 2020. The limits were taken over by State Bank of India
('IND AAA'/Stable) from Axis Bank in November 2020, and the average
utilization was only 20% over November 2020-January 2021. The cash
flow from operations improved but remained negative at INR10.88
million (FY19: negative 54.44 million), due to unfavorable changes
in the working capital, fuelled by an increase in the inventory and
debtors. The free cash flow improved but remained negative at
INR37.64 million in FY20 (FY19:INR144.42 million) due to the capex
of INR26.76 million incurred by the company. Ind-Ra expects the
cash flow from operations to turn positive in FY21 owing to a
likely improvement in the operating income and a less unfavorable
change in the working capital. The firm's working capital cycle
continued to be elongated and stretched to 340 days in FY20 (FY19:
265 days), primarily due to an increase in the inventory period to
397 days (282 days). The firm did not avail the Reserve Bank of
India-prescribed debt moratorium.

The ratings take into consideration the customer and geographic
concentration risk. RMC primarily undertakes contracting work for
the central and state government agencies such as the Ministry of
Road Transport & Highways, Kerala State Transport Project, the
Kerala Public Works Department, etc. Moreover, the company's
operations are concentrated in Kerala. The orders are tender-based
and the company faces intense competition in the region. The firm's
existing order book comprises orders from the Public Works
Department and Kerala Road Fund Board only, thereby highlighting
the concentration risk.

The ratings are also constrained by the partnership structure of
the organization.

The ratings factor in the average EBITDA margins due to the nature
of the business. Furthermore, the margins have been fluctuating due
to the volatile nature of the price of the main raw material -
bitumen, which is directly linked to crude oil prices. The margin
rose to 15.79% in FY20 (FY19: 15.33%) was due to a reduction in the
cost of goods sold to 45.96% (49.12%). The ROCE was 14.1% in FY20
(FY19: 10.1%). During 9MFY21, the firm reported an operating income
of INR76.09 million, with a reduced margin of 15.04%, due to the
lackluster performance in 1HFY21, resulting from the pandemic-led
disruptions. Overall, Ind-Ra expects the margins to remain at FY20
levels in FY21, given the increase in the crude oil prices.  

The ratings are further supported by RMC's comfortable credit
metrics due to low debt levels (FY20: INR271.28 million; FY19:
INR253.73 million). The interest coverage (operating EBITDAR/net
interest expense) weakened to 3.26x in FY20 (FY19: 4.47x) due to
higher utilization of the bank limits, and the subsequent rise in
the interest cost to INR30 million (INR13.20 million). The net
leverage (total adjusted net debt/operating EBITDAR) improved to
3.13x in FY20 (FY19: 4.21x) because of an improvement in the
absolute EBDITA to INR85.81 million (INR48.38 million). Ind-Ra
expects the credit metrics to improve in FY21 due to the likely
rise in the absolute EBITDA, backed by revenue improvement.

The ratings are also supported by RMC's managing partner's
experience of more than three decades in the construction
industry.

RATING SENSITIVITIES

Negative: Any deterioration in the scale of operation, leading to
deterioration in the credit metrics, with the interest coverage
falling below 2.0x and/or weakening of the liquidity position would
lead to negative rating action.

Positive: An improvement in the scale of operations, leading to an
improvement in the credit metrics, along with an improvement in the
liquidity position would lead to positive ratings action.

COMPANY PROFILE

RMC is a registered partnership firm engaged in construction
activities for more than 18 years. Raji Mathew is the managing
partner of the company; the other partners are Cini Mathew (wife),
Aleena Raje and Amala Raje (daughters). The firm is engaged in
contracting work in Road Works of Kerala PWD, Ministry of Road
Transport & Highways, Kerala State Transport Project, Kerala Road
Fund Board, etc.

RAJKRISHNA ADITYA: ICRA Withdraws B+ Rating on INR2.95cr Loan
-------------------------------------------------------------
ICRA has withdrawn the Long-term ratings and Short-term ratings
assigned to Rajkrishna Aditya Auto Store Private Limited (PMEPL)
have been withdrawn at the request of the company and based on the
No Due Certificate received from the banker, and in accordance with
ICRA's policy on withdrawal and suspension. ICRA is withdrawing the
rating and that it does not have information to suggest that the
credit risk has changed since the time the rating was last
reviewed.

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund Based-          2.95       [ICRA]B+(Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Withdrawn

   Non Fund Based       3.05       [ICRA]A4 ISSUER NOT
                                   COOPERATING; Withdrawn

RAASPL was established in 1993 as an authorized stockist for Maruti
Udyog Limited to market and distribute Maruti Suzuki's genuine
spare parts in Tamil Nadu and Pondicherry. The company has
warehouses in Coimbatore (12,000 square feet), Trichy (8,000 square
feet), Hosur, Salem and Pondicherry (2,000 square feet each). It
caters to around 23 districts in Tamil Nadu and Pondicherry. Apart
from spare parts, the company also sells lubricants. The customer
base for the company includes Maruti authorized service centers,
Maruti dealers and individual mechanics.


REAL STRIPS: Insolvency Resolution Process Case Summary
-------------------------------------------------------
Debtor: Real Strips Limited
        Survey No: 245-246, Village Sari
        Ahmedabad-Bavla Highway
        Taluka Sanand
        Ahmedabad 382220
        Gujarat, India

Insolvency Commencement Date: March 9, 2021

Court: National Company Law Tribunal, Ahmedabad Bench

Estimated date of closure of
insolvency resolution process: September 5, 2021

Insolvency professional: Ramchandra Dallaram Choudhary

Interim Resolution
Professional:            Ramchandra Dallaram Choudhary
                         9/B, Vardan Complex
                         Near Vimal House
                         Lakhudi Circle, Navrangpura
                         Ahmeadabad 380014
                         E-mail: rdc_rca@yahoo.com
                                 cirp.realstrips@gmail.com

Last date for
submission of claims:    March 24, 2021


S R TRANZCARS: ICRA Hikes Rating on INR7.03cr LT Loan to B-
-----------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of S R
Tranzcars Private Limited (SRTPL), as:

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long-term Fund-      7.03       [ICRA]B- (Stable); upgraded
   based–Term Loan                 from [ICRA]D

   Long-term Fund-      4.00       [ICRA]B- (Stable); upgraded
   based–Cash Credit               from [ICRA]D

   Short-term Fund-    19.35       [ICRA]A4; upgraded from
   based facilities                [ICRA]D

Rationale

The rating upgrade factors in the timely debt servicing by  SRTPL
in the recent past, supported by healthy sales volumes and infusion
of funds from the promoter. ICRA notes that there were some delays
in repayment of its debt facilities in September 2020 (post the
moratorium extended by the RBI/bankers owing to Covid-19 pandemic).
The same has been subsequently regularised as confirmed by the
management and the bankers. ICRA factors in the company's
established position as an authorised dealer of Tata Motors
Limited's (TML) passenger vehicles and FCA India Automobiles
Private Limited (FCAPL) for Fiat, Jeep and Abarth cars in the
western region of Tamil Nadu, which has helped in scaling up its
operations in a short time. ICRA considers the healthy demand
prevalent in the market for TML's products and expects SRTPL to
report healthy sales volumes on account of the same in the near
term. ICRA also expects its profitability to improve in the near
term, driven by the increase in gross margins of its offerings.

However, the ratings are constrained by the company's weak
financial profile characterised by low profitability metrics and
net losses incurred over the last few fiscal years resulting in
negative net worth. The ratings note the weak capital structure and
coverage indicators, with interest coverage at 0.1 times in FY2020,
caused by subdued profitability and sizeable debt levels. However,
infusion of funds by the promoter and related parties of around
INR5.7 crore as on March 31, 2020 and additional fund infusion of
around INR5.2 crore in FY2021 supported its financial profile. ICRA
also notes the cyclicality in the automobile industry with weak
demand scenario in FY2020 and H1 FY2021. However, SRTPL has been
recording healthy sales volumes and bookings from Q3 FY2021
indicating healthy market demand. The proposed takeover of some of
the bank facilities of SRTPL in the near term will also be a key
rating monitorable. The Stable outlook indicates that SRTPL is
expected to benefit from the established position of its
dealerships and the experience of its promoters in the segment,
which will result in healthy revenue growth in the near term.

Key rating drivers and their description

Credit strengths

* Authorised dealer of TML passenger vehicles: SRTPL is an
authorised dealer of TML's passenger vehicles in Tamil Nadu and
operates showrooms and service centres in Coimbatore, Tirupur and
Pollachi. The company has established itself as one of the
major TML dealers in the Coimbatore region and faces limited
competition in the region, which shields its operational profile.
SRTPL is also an authorised dealer of FCAPL, with showrooms and
service centres for Jeep, Fiat and Abarth cars, in the Coimbatore
region.  The healthy demand for TML's products in the market at
present and the new releases from FCAPL under Jeep is expected to
support its operational profile in the near term.

Credit challenges

* Thin profit margins owing to dealership nature of operations; net
losses during last four years: SRTPL's operating margins have
historically been thin, remaining less than 1.5% during the last
five years, as inherent to the nature of automobile dealership
business. Its OPBDITA margin declined to 0.5% in FY2020 from 0.8%
in FY2019 because of reduction in OI and impact of fixed overheads.
The company reported net losses during the last four fiscal years.
However, ICRA notes the expected improvement in its profitability
metrics, supported by the increase in gross margins for its
products in the near term.

* Financial profile characterised by weak capital structure and
coverage indicators: SRTPL's financial profile remains weak with
capital structure characterised by a negative net worth position.
The coverage indicators remain weak, with interest
coverage at 0.1 times in FY2020 declining from 0.3 times in FY2019.
However, ICRA takes comfort from the unsecured loans brought in by
the promoter and related parties of around INR11 crore as of 11M
FY2021.

* Cyclicality in automobile industry impacting sales volumes: The
company recorded an OI of INR87.0 crore in FY2020 declining from
INR133.8 crore in FY2019 on account of the adverse market
conditions prevalent in the automobile industry and the impact of
pandemic-induced lockdown in March 2020. However, ICRA notes
SRTPL's healthy sales volumes from Q3 FY2021 onwards and the
favourable bookings in hand. ICRA expects healthy revenue growth in
the near term, despite the impact of the pandemic.

Liquidity position: Poor

The company's liquidity continues to be poor, characterised by high
average utilisation of working capital facilities and modest cash
balances. The average utilisations of the inventory funding
facilities and the cash credit facility were high, at 85% and
100% of the sanctioned limits, respectively, from January 2020 to
January 2021. The liquidity position is also affected by the net
losses incurred by the entity, over the years, necessitating
infusion of funds from the promoters and related parties.

Rating sensitivities

Positive factors - ICRA could upgrade the ratings if SRTPL
demonstrates healthy revenue growth and improvement in
profitability metrics. Specific factors ICRA could monitor are
interest coverage improving to levels above 1.5 times, on a
sustained basis, amid regular servicing of debt obligations.

Negative factors - Pressure on the ratings could arise if there is
any further stress on the liquidity position of the entity leading
to pressure on its debt repayment obligations.

SRTPL was incorporated in May 2014 by Mr. S. Sakthivel and Ms. C.
Ramya. It offers a wide range of sales and services of TML
passenger cars in Coimbatore, Tirupur and Pollachi. The company is
an authorised dealer for FCAPL selling Jeep, Fiat and Abarth cars
and provides repair services.


SARATHY AUTOCARS: Ind-Ra Assigns 'BB-' Long-Term Issuer Rating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Sarathy Autocars
(SA) a Long-Term Issuer Rating of 'IND BB-'. The Outlook is Stable.
The instrument-wise rating actions are as follows:

-- INR474 mil. Fund based working capital limits assigned with
     IND BB-/Stable/IND A4+ rating; and

-- INR120.55 mil. Term loan due on June 2022 assigned with
     IND BB-/Stable rating.

KEY RATING DRIVERS

Liquidity Indicator – Stretched: SA's average utilization of
fund-based working capital limits was 92.5% over the 12-months
ended December 2020. The cash flow from operations turned positive
in FY20 to INR75.6 million (FY19: negative INR74.2 million) on
account of reduced working capital requirements by the year end. In
FY20, the net cash conversion cycle reduced to 44 days (FY19:
47days) mainly on account of reduced debtor days to 19 (23) and
increased creditor days to 30 (20). The inventory days remained in
the range of 20-54 days over FY18-FY20. The firm has a repayment
obligation of INR46.2 million for FY21 and INR55.9 million for
FY22, which will be serviced through its internal accruals. The
firm availed of the Reserve Bank of India-prescribed moratorium
over March-August 2020 from a few banks.

The ratings reflect the firm's modest credit metrics. Its interest
coverage (operating EBITDAR/net interest expense + rents)
deteriorated slightly to 1.5x in FY20 (FY19: 1.6x) and net leverage
(adjusted net debt/operating EBITDAR) to 4.9x (4.6x) due to an
increase in the total debt to INR781.9 million (INR762.2 million)
and a decrease in the operating EBITDAR to INR157.5 million
(INR164.2 million). Ind-Ra expects the firm's credit metrics to
continue to deteriorate in FY21 on account of a likely reduction in
the operating EBITDAR due to lower sales.

The ratings also factor in SA's modest EBITDAR margin that has
remained in the range of 4%-4.7% over FY18-FY20. The firm reported
stable margin of 4.7% over FY19-FY20 and the agency expects the
same to be maintained by FYE21. Despite reduction in the overall
revenue in FY20, the margin remained stable on account of increased
service income to INR261.4 million (FY19: INR229.1 million) backed
by the addition of new workshops and the expansion of existing
workshops. SA's return on capital employed was 10% (FY19:12%). As
per 9MFY21 financials, the firm achieved EBITDAR margin of 4.8%.

The ratings are constrained by the partnership nature of the
business.

The ratings, however, are supported by the firm's medium scale of
operations, as reflected by the revenue of INR3,369.42 million in
FY20 (FY19: INR3,498.03 million). The slight decline in the revenue
was driven by the COVID-19 led operational disruptions in the last
few weeks of March 2020, coupled with the overall slowdown in the
auto industry. While the firm reported revenue of INR2,466.3
million in 9MFY21 (INR2,188.2 million from the sale of vehicles and
spare parts and INR278.1 million from service income), Ind-Ra
expects it to report lower yoy revenue in FY21 owing to the
continued operational disruptions in 1QFY21.

The ratings, are also supported by the firm's established market
position in Kerala and the partner's extensive experience in the
business.

RATING SENSITIVITIES

Positive: An improvement in the scale of operations and the
operating EBITDAR, leading to an improvement in the credit metrics
with the interest coverage exceeding 1.75x and an improvement in
the liquidity position, on a sustained basis, will lead to a
positive rating action.

Negative: Deterioration in the scale of operations and operating
EBITDAR, leading to deterioration in the credit metrics with the
interest coverage sustaining below 1.25x and any weakening of the
liquidity position, on a sustained basis, will lead to a negative
rating action.

COMPANY PROFILE

SA, established in 1999 as a partnership firm, is an authorized
dealer of Maruti Suzuki India Limited based in Kollam  (Kerala). It
operates 15 showroom outlets and 17 service centers across the
state.


SHANKAR RICE: ICRA Keeps B+ on INR9.5cr Loans in Not Cooperating
----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Shankar
Rice Mill in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B+ (Stable) ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)    Ratings
   ----------     -----------    -------
   Fund based         9.50       [ICRA]B+ (Stable) ISSUER NOT
                                 COOPERATING; Rating continues
                                 to remain under 'Issuer Not
                                 Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.

Incorporated in 2008, SRM is a partnership firm that mills and
processes basmati and non-basmati rice. Its plant at Karnal,
Haryana has a milling capacity of 3 metric tonne per hour. The firm
is promoted by Mr. Ashok Kumar, Mr. Shishan Kumar, Mr. Shiv Charan
Dass and Mr. Mangal Sain.


SIGNET DENIM: ICRA Withdraws B+ Ratings on INR77cr Loans
--------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Signet Denim Pvt. Ltd. at the request of the company and based on
the No Objection Certificate received from its banker. However,
ICRA does not have information to suggest that the credit risk has
changed since the time the rating was last reviewed. The Key Rating
Drivers, Liquidity Position, Rating Sensitivities, Key financial
indicators have not been captured as the rated instruments are
being withdrawn.

                      Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Fund-based-          20.00      [ICRA]B+(Stable) ISSUER NOT
   Cash Credit                     COOPERATING; Withdrawn

   Long Term-           57.00      [ICRA]B+(Stable) ISSUER NOT
   Fund Based TL                   COOPERATING; Withdrawn

Incorporated in April 2015, Signet Denim Private Limited (SDPL) is
setting up a Greenfield project in Surat, Gujarat for manufacturing
denim fabric. The proposed unit will be equipped with 120 air jet
looms with a production capacity of 24 million meters per annum
(MMPA).


SUMAN PROTEINS: ICRA Keeps B+ on INR7cr Debt in Not Cooperating
---------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Suman
Proteins Private Limited in the 'Issuer Not Cooperating' category.
The ratings are denoted as "[ICRA]B+(Stable) ISSUER NOT
COOPERATING".

                     Amount
   Facilities     (INR crore)   Ratings
   ----------     -----------   -------
   Fund based–        7.00      [ICRA]B+ (stable); ISSUER NOT
   Cash Credit                  COOPERATING; Rating continues to
                                remain under the 'Issuer Not
                                Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available
information on the issuers' performance. Accordingly, the lenders,
investors and other market participants are advised to exercise
appropriate caution while using this rating as the rating may not
adequately reflect the credit risk profile of the entity. The
rating action has been taken in accordance with ICRA's policy in
respect of non-cooperation by a rated entity available at
www.icra.in.

Incorporated in 1997, SPPL is a carrying and forwarding agent for
'Engine' brand mustard oil in West Bengal. Besides, the company
produces mustard oil itself. The company also has a separate
packaging unit where various types of refined edible oils are
packed and sold. The manufactured and packaged edible oils are sold
under the brand name 'Suman'. The production facility for mustard
oil is equipped with four expellers and twenty kolhus with an
installed capacity of 979 TPA (tonne per annum); whereas, the
packaging unit has the capacity of 20 TPD (tonne per day). The
manufacturing facilities of the company are located in Uluberia,
West Bengal.


SURYATAAP ENERGIES: Ind-Ra Keeps 'B+' Rating in Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Suryataap
Energies & Infrastructure Private Limited's (SEIPL's) senior
project term loans' rating in the non-cooperating category. The
issuer did not participate in the rating exercise despite
continuous requests and follow-ups by the agency. Thus, the rating
is based on the best-available information. Therefore, investors
and other users are advised to take appropriate caution while using
the rating.

The instrument-wise rating action is:

-- INR259.2 mil. Senior project term loan due on March 31, 2034
     maintained in the non-cooperating category with IND B+
     (ISSUER NOT COOPERATING) rating.

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
March 5, 2020. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.

The rating has been maintained in the non-cooperating category as
SEIPL did not provide information related to its business and
financial profiles despite continuous requests and follow-ups by
the agency.

COMPANY PROFILE

SEIPL is a wholly-owned subsidiary and special purpose vehicle of
Hindustan Cleanenergy. It was formed to build and operate a 5MW
solar photovoltaic power plant in Sonitpur District (Assam).

TELAWNE POWER: ICRA Keeps B+ Debt Ratings in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Telawne
Power Equipments Private Limitedin the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]B+ (Stable)/[ICRA]A4
ISSUER NOT COOPERATING".

                     Amount
   Facilities     (INR crore)   Ratings
   ----------     -----------   -------
   Long-term,         6.70      [ICRA]B+ (Stable) ISSUER NOT
   Fund Based                   COOPERATING; Rating continues
   Limit                        to remain under 'Issuer Not
                                Cooperating' category

   Short-term,        6.00      [ICRA]A4 ISSUER NOT COOPERATING;
   Non fund                     Rating continues to remain under
   Based Limit                  the 'Issuer Not Cooperating'
                                Category

   Long-term and      2.30      [ICRA]B+(Stable)/[ICRA]A4 ISSUER
   Short-term                   NOT COOPERATING; Rating continues
   Unallocated                  to remain under the 'Issuer Not
   Limit                        Cooperating' category

ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.

Incorporated in January 2004, TREPL is engaged in manufacture and
repair of industrial transformers. The company is equipped for
manufacturing and repairing of different type of transformers up to
50MVA 132KV class transformers. The products are sold under the
brand name of 'Telawne' in domestic as well as overseas market. The
factory is located in Rabale, Navi Mumbai across an area of 38,000
sq.ft. The factory is ISO 9001- 2008 and ISO 14001:2004 certified
and the company has received approvals for its products from
agencies such as Electrical Research and Development Association
and Central Power Research Institute.


TRUFORM TECHNO: ICRA Withdraws D Rating on INR11cr Loans
--------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Truform Techno Products Limited at the request of the company and
based on the No Objection Certificate received from its banker.
However, ICRA does not have information to suggest that the credit
risk has changed since the time the rating was last reviewed. The
Key Rating Drivers, Liquidity Position, Rating Sensitivities, Key
financial indicators have not been captured as the rated
instruments are being withdrawn.  

                     Amount
   Facilities     (INR crore)   Ratings
   ----------     -----------   -------
   LT Scale: Fund     4.25      [ICRA] D; ISSUER NOT COOPERATING;
   Based term                   Withdrawn
   loan limits        
                                
   LT Scale: Fund     5.75      [ICRA] D; ISSUER NOT COOPERATING;
   Based cash                   Withdrawn
   credit limits      
                                
   ST Scale: Letter   1.00      [ICRA] D; ISSUER NOT COOPERATING;
   of credit limits             Withdrawn

Established in 1993, Truform, a closely held public limited company
is engaged in manufacturing of cast iron and ductile iron pipes,
fittings, flanges and castings in various grades which principally
find application in water line fittings as well as rough iron
fittings used in industrial applications. The company's
manufacturing facility and administrative and sales office are in
Nagpur, Maharashtra. Currently, business operations are managed by
Mr. Kaushal Mohta.


UNIQUE FOODS: Ind-Ra Moves BB LT Issuer Rating to Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Unique Foods'
Long-Term Issuer Rating to the non-cooperating category. The issuer
did not participate in the rating exercise despite continuous
requests and follow-ups by the agency. Therefore, investors and
other users are advised to take appropriate caution while using
these ratings. The rating will now appear as 'IND BB (ISSUER NOT
COOPERATING)' on the agency's website.

The instrument-wise rating actions are:

-- INR117.5 mil. Fund-based working capital limit migrated to
     non-cooperating category with IND BB (ISSUER NOT COOPERATING)

     rating; and

-- INR25.3 mil. Long-term loan limits due on March 2024 migrated
     to non-cooperating category with IND BB (ISSUER NOT
     COOPERATING) rating.

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
March 6, 2020. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.

COMPANY PROFILE

Incorporated in 2009, Unique Foods has a 500 million-ton-per-day
fruit processing unit in Muzaffarpur, Bihar.



=====================
P H I L I P P I N E S
=====================

ABRA MINING: PSE May Open Miner to Takeover to Avert Delisting
--------------------------------------------------------------
Ian C Sayson at Bloomberg News reports that Philippine authorities
may open Abra Mining & Industrial Corp. for takeover should it fail
to address trading violations.

According to Bloomberg, the Securities and Exchange Commission and
the Philippine Stock Exchange are considering bringing a "white
knight" into Abra Mining so that it remains publicly traded, PSE
President Ramon Monzon said. Owners and officers have until this
week to explain how the trading irregularities happened and to
respond to bourse's proposed solution, he said.

"If they aren't able to do that, delisting the particular stock
wouldn't be helpful to investors because they'd get stuck with the
security," Mr. Monzon told Bloomberg Television's David Ingles and
Tom Mackenzie in an interview.

Trading of Abra Mining shares was suspended indefinitely from March
4 as authorities probe alleged violations, including the trading of
unissued and unlisted shares, Bloomberg notes. At its peak in
January, Abra Mining was up more than 279% from end-2020 amid a
buying frenzy by retail investors.

Bloomberg says the loss-making miner accounted for 77% of the
market's daily transactions volume this year, prior to the stock's
suspension, and accounted for about 10% of the entire Philippine
market's transaction value in the two days before the halt.

Abra Mining & Industrial Corporation (AR) --
http://www.abramining.com-- is engaged in the exploration,
development, exploitation, process, manufacture, extraction,
milling and sale of cement and metal concentrate, marble, building
materials and other minerals such as copper, gold, silver, iron and
lead. AR is also engaged in the processing and manufacture of
non-metals for industrial and commercial purposes at wholesale
only.




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

[*] BOND PRICING: For the Week March 8, 2021 to March 12, 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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