/raid1/www/Hosts/bankrupt/TCRAP_Public/210810.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
A S I A P A C I F I C
Tuesday, August 10, 2021, Vol. 24, No. 153
Headlines
A U S T R A L I A
AUSTRALIA: Businesses Call for More Insolvency Protections
BERTMAC PTY: First Creditors' Meeting Set for Aug. 17
I N D I A
AAPKA URGICARE: Insolvency Resolution Process Case Summary
AGARWAL MOTORS: ICRA Keeps B+ Debt Rating in Not Cooperating
APEX CONSUMER: Insolvency Resolution Process Case Summary
ASHIANA LANDCRAFT: ICRA Keeps D Debt Ratings in Not Cooperating
AZURE POWER: Fitch Gives 'BB+(EXP)' Rating to New USD Sec. Notes
BIG-BEN DEVELOPERS: Insolvency Resolution Process Case Summary
BINDAL POLYMERS: Insolvency Resolution Process Case Summary
BL KASHYAP: CRISIL Keeps D Debt Ratings in Not Cooperating
BUILDMATE PROJECTS: Insolvency Resolution Process Case Summary
BVL INFRASTRUCTURE: ICRA Keeps D Debt Ratings in Not Cooperating
CHANDITALA BLUE: ICRA Keeps C Debt Rating in Not Cooperating
CHAROEN POKPHAND: ICRA Lowers Rating on INR90cr LT Loan to B+
DESIMRAN CARTONS: Insolvency Resolution Process Case Summary
ERODE SRI PALANI: CRISIL Withdraws D Rating on INR5.0cr Cash Loan
FUTURE GROUP: Faces Bankruptcy if Reliance Deal Delayed Further
GARGYA AUTOCITY: ICRA Lowers Rating on INR23.50cr Loan to B+
GODOLO AND GODOLO: CRISIL Lowers Rating on INR5.5cr Loans to D
GOUNIDHI DAIRY: CRISIL Moves D Debt Ratings to Not Cooperating
GREATWELD ENGINEERING: CRISIL Keeps D Ratings in Not Cooperating
HIRANYA BUILDERS: ICRA Keeps D Debt Ratings in Not Cooperating
HLM EDUCATIONAL: CRISIL Keeps D Debt Ratings in Not Cooperating
IL&FS WIND: ICRA Keeps D Debt Rating in Not Cooperating Category
JINDAL AGRO: CRISIL Keeps D Debt Ratings in Not Cooperating
MANNA INDUSTRIES: CRISIL Moves D Debt Ratings to Not Cooperating
MCLEOD RUSSEL: NCLT Delhi Admits Plea Against Company Under IBC
MEDICON LEATHER: CRISIL Lowers Rating on INR5cr Cash Loan to D
PC JEWELLER: CRISIL Moves D Debt Ratings in Not Cooperating
PULIKKOTTIL LAZAR: CRISIL Lowers Rating on INR25cr Loans to D
PURNAM: ICRA Keeps B Debt Ratings in Not Cooperating Category
R AND M INT'L: CRISIL Moves D Debt Ratings to Not Cooperating
SANKHYA INFOTECH: Insolvency Resolution Process Case Summary
SENTHIYAPPA MODERN: CRISIL Cuts Rating on INR10cr Loans to D
SHAMLAL COMPANY: CRISIL Keeps D Debt Ratings in Not Cooperating
SIR BIOTECH: ICRA Lowers Rating on INR90cr LT Loan to D
SUN FORGE: ICRA Lowers Rating on INR14cr Loans to B+
TIRUPATI AGENCIES: CRISIL Moves D Debt Ratings to Not Cooperating
UMACHI FOODS: CRISIL Keeps D Debt Rating in Not Cooperating
VAGHASIYA EXPORTS: CRISIL Keeps D Debt Ratings in Not Cooperating
VENKHATA SRINIVASA: CRISIL Keeps D Debt Ratings in Not Cooperating
VIJAY CITISPACE: Insolvency Resolution Process Case Summary
VRC AGRO: CRISIL Keeps D Debt Ratings in Not Cooperating Category
I N D O N E S I A
INDONESIA: Stalled Stimulus Leaves Small Firms With No Lifeline
M A L A Y S I A
1MDB: U.S. DOJ Repatriates Another $452MM in Funds to Malaysia
M O N G O L I A
DEV'T BANK OF MONGOLIA: Fitch Affirms 'B' LT IDR, Outlook Stable
KHAN BANK LLC: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
XACBANK LLC: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
N E W Z E A L A N D
LATITUDE NEW ZEALAND 2021-1: Fitch Assigns BB(EXP) on Class E Notes
SACRED HILL: Two Cos. Placed in Liquidation, Staff Owed NZD290,000
S I N G A P O R E
ALTURAN PTE: Court to Hear Wind-Up Petition on Aug. 20
MAZAATT HOLDINGS: Creditors' Proofs of Debt Due on Sept. 5
MINT GROUP: Creditors' Proofs of Debt Due on Sept. 6
MSB BEAUTY: Creditors' Meetings Set for Aug. 13
SGQ DAYARCOAL: Creditors' Proofs of Debt Due on Sept. 5
SUN ELECTRIC: Court to Hear Wind-Up Petition on Aug. 20
S O U T H K O R E A
SSANGYONG MOTOR: KCGI Joins Consortium to Acquire Company
X X X X X X X X
[*] BOND PRICING: For the Week Aug. 2, 2021 to Aug. 6, 2021
- - - - -
=================
A U S T R A L I A
=================
AUSTRALIA: Businesses Call for More Insolvency Protections
----------------------------------------------------------
The Sydney Morning Herald reports that businesses and company
directors want safe harbour protections against insolvencies to be
reintroduced during the Sydney lockdown, with new analysis showing
the number of companies permanently closing their doors has started
rising.
There was a 75 per cent rise in business administrations in the
last week of June and CreditorWatch chief executive Patrick Coghlan
warned this will continue if the federal government does not
reintroduce the safe harbour rules for companies, SMH relates.
According to SMH, Mr. Coghlan previously warned the safe harbour
rules had continued for too long, potentially masking the true
state of the economy, but he said the Greater Sydney lockdown
justified the additional protection, particularly if the lockdown
is extended again.
Several economists have warned the lockdown could go on for months
and could result in thousands of job losses.
"Businesses have lower cash balances now than they did before . . .
closer to the two weeks [of funds] in reserve on their balance
sheets," Mr. Coghlan said, explaining previous lockdowns had eroded
some companies' savings buffers, SMH relays.
Directors have a legal responsibility to ensure their business can
pay its debts. They are usually personally liable if they allow a
company to trade while insolvent, the report notes.
According to SMH, the federal government brought in insolvency safe
harbour rules in March last year during the nationwide lockdown at
the start of the coronavirus pandemic, giving directors of
distressed businesses protection against creditors' actions.
This temporary relief was part of a suite of measures designed to
help previously successful businesses "hibernate" and emerge
through the other side of the pandemic, SMH states. The protections
were extended after the first six months but ended in December amid
concerns about "zombie" companies that needed to be wound up but
were sheltered by the rules.
In NSW and Victoria external administrations decreased 20 per cent
from May to June this year but Mr. Coghlan is alarmed by the rise
in the final week of the financial year, according to SMH.
During the last week of June, there was a 75 per cent rise in
administrations - to 160 - compared with the week before, SMH
discloses. More recent figures are not yet available.
BERTMAC PTY: First Creditors' Meeting Set for Aug. 17
-----------------------------------------------------
A first meeting of the creditors in the proceedings of Bertmac Pty.
Ltd will be held on Aug. 17, 2021, at 11:00 a.m.
Terrence John Rose and David Michael Stimpson of SV Partners were
appointed as administrators of Bertmac Pty on Aug. 6, 2021.
=========
I N D I A
=========
AAPKA URGICARE: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: Aapka Urgicare Private Limited
G-51/B & G-52, Upper Floor
Shaheen Bagh, Kalindi Kunj Road
New Delhi 110025
Insolvency Commencement Date: July 23, 2021
Court: National Company Law Tribunal, New Delhi Bench
Estimated date of closure of
insolvency resolution process: January 19, 2022
Insolvency professional: Prabhati Jain
Interim Resolution
Professional: Prabhati Jain
B-61, Flatted Factory Complex
Jhandewalan, New Delhi 110055
E-mail: prabhati@pdmco.in
cirp.aapka@gmail.com
Last date for
submission of claims: August 6, 2021
AGARWAL MOTORS: ICRA Keeps B+ Debt Rating in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Agarwal
Motors (Prop. of Concord Tie-up Private Limited) in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA] B+(Stable);
ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Cash Credit 43.80 [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.
Agarwal Motors is a unit of Concord Tie-up Private Limited (CTPL).
It is the authorized dealer for retail sales and distribution of
CVs manufactured by Tata Motors Limited (TML). CTPL was
incorporated in 1996 by Mr. Naresh Agarwal at Satna, Madhya
Pradesh, to carry out investment business. Subsequently, CTPL
started the business of automobile dealership through Agarwal
Motors, as an authorized dealer of TML's CVs for the Satna, Rewa
and Mayyar regions of Madhya Pradesh in 2003. The authorized
dealership includes sales and service of the entire range of CVs
offered by TML in India for these districts of Madhya Pradesh. The
overall operations are looked after by the Managing Director, Mr.
Neeraj Agarwal.
APEX CONSUMER: Insolvency Resolution Process Case Summary
---------------------------------------------------------
Debtor: Apex Consumer Appliances Private Limited
Plot No. 29-P
Off Kanjur Village Road
Opp. Crescent Industrial Estate
Kanjur Marg East
Mumbai Maharashtra 400042
Insolvency Commencement Date: July 29, 2021
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: January 25, 2022
(180 days from commencement)
Insolvency professional: Mr. Rajat Mukherjee
Interim Resolution
Professional: Mr. Rajat Mukherjee
302 Daga Complex II
103/5 B.K. Street
Uttarpara, Hooghly
West Bengal 712258
E-mail: rm1707@gmail.com
- and -
91 Springboard Business Hub
74/II, "C" Cross Road
Opp Gate No. 2
Seepz, Andheri (East)
Mumbai 400093
E-mail: irp.apexconsumer@gmail.com
Last date for
submission of claims: August 17, 2021
ASHIANA LANDCRAFT: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has retained the ratings for the Non-convertible Debentures of
Ashiana Landcraft Realty Private Limited in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA]D ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Non-convertible 63.72 [ICRA]D ISSUER NOT
Debenture Series I COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Non-convertible 16.23 [ICRA]D ISSUER NOT
Debenture Series II 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 2012, ALRPL is a joint development between Ashiana
Homes Pvt Ltd (AHPL) and Landcraft Projects Private Limited (LPPL)
formed solely for a premium real estate residential project
development named 'The Center Court' located at Sector 88A, Gurgaon
with a saleable area of 1.72 msf (million square feet). LPPL was
incorporated in 2007 and is the real estate vertical of Garg group
with a presence in Ghaziabad.
AZURE POWER: Fitch Gives 'BB+(EXP)' Rating to New USD Sec. Notes
-----------------------------------------------------------------
Fitch Ratings has assigned India-based Azure Power Energy Ltd.'s
(APEL) proposed five-year partially amortising US-dollar senior
secured notes due 2026 an expected rating of 'BB+(EXP)'. The
Outlook is Stable.
The net proceeds will be used to refinance APEL's USD500 million
notes due 2022 (BB-/Stable). The final rating is contingent upon
the receipt by Fitch of final documents conforming to information
already received as well as the final pricing and financial close
on the proposed notes.
APEL is a subsidiary of Azure Power Global Limited (APGL).
RATING RATIONALE
The proposed note rating reflects the credit profile of 16 entities
that are indirectly owned by APGL, each of which houses an
operating solar asset. The operating entities, together with APEL,
form the restricted group (Azure RG1). APEL is a secured holder of
rupee-denominated debt issued by the operating entities in the
restricted group.
The rating is underpinned by the stable revenue stream generated by
the operating solar assets, which have a total capacity of 611MW
and a capacity-weighted average record of five years. The
restricted group benefits from a diversified off-taker mix under
fixed-price power purchase agreements (PPA), with 34% of capacity
contracted with India's sovereign-owned Solar Energy Corporation of
India (SECI) and NTPC Limited (BBB-/Negative). The rest is
contracted with 10 state-owned distribution companies (discoms).
Fitch regards generation volatility as low due to the use of proven
technology and geographical diversification across eight Indian
states. The operating history shows moderate variation, with
overall power generation largely tracking one-year P90 estimates.
The financing profiles, measured by the average annual debt service
coverage ratio (DSCR) during refinancing period, coupled with the
debt structure, are commensurate with a 'BB+' rating.
Fitch does not rate the state discoms that purchase power from some
of the restricted group's projects. The counterparties have weak
credit profiles and a varying history of payment delays, though
exposure to multiple counterparties mitigates the risk. Fitch
believes it is prudent for such projects to meet a higher threshold
to achieve the same rating as other projects with strong
counterparties, all else being equal. Hence, Fitch uses indicative
DSCR thresholds that apply to merchant projects, rather than fully
contracted projects, for the revenue received from the state
discoms, while cash flow is evaluated based on the contracted
price.
On the other hand, Fitch regards exposure to SECI and NTPC as
systemic, and therefore base the revenue received on the indicative
DSCR thresholds that apply to fully contracted projects.
This results in Fitch's rating case adopting blended thresholds
weighted by revenue from state discoms and that from SECI and
NTPC.
KEY RATING DRIVERS
Low Forecast Variation: Revenue Risk (Volume) - Midrange
The energy yield forecast produced by third-party experts indicates
an overall P50 and one-year P90 spread of about 9%, leading to a
'Midrange' assessment for volume risk. The portfolio has a
capacity-weighted average record of five years, as all assets have
been operating for more than three years. The actual load factors
recorded by the portfolio between the financial year ended March
2019 and 2021 were moderately volatile, with portfolio level
performance tracking the one-year P90 forecast. Curtailment risk is
limited in India due to the 'must-run' status of renewable
projects.
Long-Term Fixed Priced PPAs: Revenue Risk (Price) - Midrange
Azure RG1 contracts 66% of its capacity with state discoms and the
balance with SECI and NTPC under long-term fixed-price PPAs. These
protect the portfolio from merchant price volatility and have a
capacity-weighted residual life of about 20 years. The only PPA
with a shorter tenor of 12 years and a remaining life of about six
years is a 10MW project signed with the Uttar Pradesh state discom.
However, management has assumed a conservative rate of INR2/kWh
beyond the PPA tenor. Such merchant exposure constrains Fitch's
assessment to 'Midrange', despite being limited.
Proven Technology, Experienced Team: Operation Risk - Midrange
The technology deployed is proven and has a long history of
commercial use. All solar modules were supplied by reputable
manufacturers and operation and maintenance is carried out by
experienced in-house engineers. Azure RG1 does not have a
maintenance reserve account, which Fitch does not regard as a risk.
The operating cost forecast is based on historical data and
favourably benchmarks with peers, although it is not validated by
an independent technical advisor. The lack of cost validation and
the absence of fixed priced operation and maintenance contracts
constrain operation risk to 'Midrange'.
Protective Covenants, Manageable Refinance Risk: Debt Structure -
Midrange
Noteholders are protected by a ringfenced structure and covenants
and benefit from a standard cash distribution waterfall and a
lock-up test at a backward-looking 1.3x DSCR for distribution. The
proposed notes will pay a fixed interest rate and will be partially
amortising at 12.9% via scheduled amortisation and 18.5% via a
mandatory cash sweep, with a 68.6% principal repayment at the end.
Azure RG1 will not maintain a debt-service reserve account, which
is a weakness. Refinancing risk is mitigated by the solar assets'
easy access to funds and a reasonable balance tenor of the PPAs
beyond the maturity of the proposed notes. The issuer intends to
substantially hedge the foreign-currency exposure, but there could
be some exposure to rupee depreciation and the final hedging
strategy and pricing will subject to market conditions.
PEER GROUP
Fitch regards Azure RG1 as most comparable with Azure Power Solar
Energy Private Limited's restricted group of 10 entities (Azure
RG2, senior secured notes: BB/Stable). Both restricted groups are
pure solar portfolios and benefit from long-term fixed-price PPAs.
Azure RG1 has a stronger off-taker mix, with 34% of its capacity
contracted with sovereign-backed off-takers, while Azure RG2 only
contracts 15% of its capacity with sovereign-backed off-takers.
Azure RG1 has slightly longer operating history, but neither
validate operating cost forecasts by independent engineers. Both
restricted groups issue debt under a two-tier structure; Azure
RG1's debt is partially amortising via scheduled amortisation and a
cash sweep, while Azure RG2 has bullet repayments at maturity.
Azure RG2 has a rating-case average and minimum DSCR of 1.42x,
while Azure RG1's more robust DSCRs against its relevant thresholds
justify its one-notch higher rating than Azure RG2.
Azure RG1 also compares well with Adani Green Energy Limited
Restricted Group 1 (AGEL RG1, senior secured rating: BB+/Stable)
and Adani Green Energy Limited Restricted Group 2 (AGEL RG2, senior
secured rating: BBB-/Negative). All three restricted groups are
solar-only portfolios and benefit from long-term fixed-price PPAs
and proven technology. They also have limited operating records and
operating-cost forecasts that lack independent validation. AGEL RG1
and AGEL RG2 have stronger off-taker profiles, with capacity of 57%
and 61%, respectively, contracted with SECI, against Azure RG1's
34%. This results in a lower metric threshold for rating
determination. AGEL RG1 and AGEL RG2 also have strong debt
structures, with superior noteholder protection features. These
include stronger distribution lock-up tests, debt service reserve
accounts and capex reserve accounts. AGEL RG2 is the least exposed
to refinance risk, as 76% of its principal is amortised across 20
years, while the remainder is bullet debt. AGEL RG1 has a
rating-case average DSCR of 1.35x, with a minimum DSCR of 1.15x,
while AGEL RG2 has a rating-case average DSCR of 1.45x, with a
minimum DSCR of 1.30x. The qualitative strengths of AGEL RG2 and
its higher financial metrics against relevant thresholds support
its higher ratings.
RATING SENSITIVITIES
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO NEGATIVE
RATING ACTION/DOWNGRADE:
Average annual DSCR during refinance period dropping below 1.40x
persistently, which could be a result of:
-- Energy production underperforming long-term projections due to
low solar resources or operational issues; or working-capital
issues due to off-takers' payment delays.
-- Less favourable refinancing terms and structure than the
assumptions made in Fitch's financial analysis.
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO POSITIVE
RATING ACTION/UPGRADE:
Fitch does not expect a rating upgrade due to:
-- The suspension of some major covenants, which will weaken the
debt structure if the rating is upgraded to investment grade;
and
-- A weak financing structure, including potential exposure to
rupee depreciation depending on the final hedging strategy and
repayment through a mandatory cash sweep, which Fitch does not
regard as structurally robust compared with scheduled
amortisation.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.
TRANSACTION SUMMARY
Proceeds from the proposed US-dollar notes, to be issued by APEL,
will be used to refinance APEL's USD500 million senior notes due
2022, which were issued in August 2017. APEL is a secured holder of
rupee-denominated debt - a combination of non-convertible
debentures and external commercial borrowings - issued by 16
entities in the restricted group, housing 16 solar assets. The
existing rupee-denominated debt will be extended or replaced to
align the tenor to that of the proposed US-dollar notes.
FINANCIAL ANALYSIS
Fitch assumes outstanding debt at the end of the proposed bond's
life will be refinanced by fully amortising debt across the
remaining PPA terms at a refinancing interest rate of 11%, given
the partially amortising nature of the proposed notes. Fitch's base
case adopts a P50 energy production assumption, 6% production
haircut to reflect a moderate variability operating record and
wider P50/one-year P90 spread. The base case also escalates
operating and maintenance costs in line with historical rates by 3%
annually and adopts a higher refinancing rate. Fitch's base case
generates an average annual DSCR of 1.68x during the refinancing
period.
Fitch's rating case takes a more conservative stance by using a
one-year P90 energy yield, 6% production haircut, 0.7% annual solar
degradation, and 10% stress on operating expenses with a higher
annual escalation of 4%. The Fitch rating case generates an average
annual DSCR of 1.47x. The achieved coverage ratios in Fitch's
rating case, coupled with the debt structure put in place, are in
line with a 'BB+' rating.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
BIG-BEN DEVELOPERS: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Big-Ben Developers Private Limited
House No. 684 A
Sec-3 F Vaishali
Ghaziabad, UP 201010
Insolvency Commencement Date: July 28, 2021
Court: National Company Law Tribunal, Allahabad Bench
Estimated date of closure of
insolvency resolution process: January 24, 2022
(180 days from commencement)
Insolvency professional: Mr. Rattan Chaudhry
Interim Resolution
Professional: Mr. Rattan Chaudhry
F-86 Tekhand
New Delhi 110020
E-mail: rattan_chaudhry@yahoo.co.in
bigbencirp@gmail.com
Last date for
submission of claims: August 13, 2021
BINDAL POLYMERS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Bindal Polymers Private Limited
O-112, Bawana Industrial Area
Sector-1, Delhi 110039
Insolvency Commencement Date: July 30, 2021
Court: National Company Law Tribunal, New Delhi Bench
Estimated date of closure of
insolvency resolution process: January 26, 2022
(180 days from commencement)
Insolvency professional: Rajesh Kumar Parakh
Interim Resolution
Professional: Rajesh Kumar Parakh
5/51, 2nd Floor
W.E.A. Karol Bagh
New Delhi 110005
E-mail: parakh.rajesh@gmail.com
- and -
C-108, 3rd Floor
Sector-2
Noida 201301
UP
E-mail: cirp.bindalpolymers@gmail.com
Last date for
submission of claims: August 16, 2021
BL KASHYAP: CRISIL Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on the bank facilities of BL
Kashyap and Sons Ltd (BLK; part of the BLK group) continue to be
'CRISIL D/CRISIL D Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 375 CRISIL D (Issuer Not
Cooperating)
Cash Credit 248 CRISIL D (Issuer Not
Cooperating)
Cheque Discounting 2 CRISIL D (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with BLK for
obtaining information through letters and emails dated December 30,
2020, December 31, 2020 and June 30, 2021, apart from telephone
calls. However, the issuer has remained non-cooperative.
'Investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'issuer not cooperating', as the rating has been
arrived at without any interaction with the management and is based
on best available, limited or dated information regarding the
company. Such non-cooperation by a rated entity may be a result of
weakening of the credit risk profile. These ratings lack a
forward-looking component'.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any update on the financial performance
or strategic intent of BLK, which restricts CRISIL Ratings' ability
to take a forward looking view on the entity's credit quality.
CRISIL Ratings believes that rating action on BLK is consistent
with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on the bank
facilities of BLK continues to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'. Also, the company was under Corporate Debt
Restructuring (CDR).
BLK was established as BL Kashyap and Sons Pvt. Ltd (BLKSPL) in
1989, by Mr Vinod Kashyap, Mr Vineet Kashyap, and Mr Vikram
Kashyap. The company was reconstituted as a public limited company
with the current name in 1995. The promoters have been active in
the real estate sector since 1978; they transferred their business
to BLKSPL after it was formed.
BLK provides construction services to customers in the commercial,
residential, and industrial segments. The company has also ventured
into real estate development and related services, such as
furnishing. It has partly restructured its debt under a corporate
debt structuring package, which was approved on December 31, 2014.
Net loss was INR58 crore, on a provisional basis, on operating
income of INR762 crore for fiscal 2021, against INR63 crore and
INR820 crore, respectively, for the previous fiscal.
BUILDMATE PROJECTS: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: M/s. Buildmate Projects Pvt Ltd
Survey No. 60, 61 & 62
Gundlapochampally Village
Medchal Mandal, Hyderabad
Ranga Reddy Dist.
Telangana 500014
Insolvency Commencement Date: July 15, 2021
Court: National Company Law Tribunal, Hyderabad Bench
Estimated date of closure of
insolvency resolution process: January 11, 2022
Insolvency professional: A Gopala Krishna
Interim Resolution
Professional: A Gopala Krishna
F.No. 514, Classic Arcade
Czech Colony, Sanath Nagar
HDFC Bank Building
Hyderabad, Telangana 500018
E-mail: a_gopalakrishna@yahoo.com
buildmateip@gmail.com
Last date for
submission of claims: August 6, 2021
BVL INFRASTRUCTURE: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Bvl
Infrastructure Private Limited in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term 23.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based TL Rating continues to remain
under 'Issuer Not Cooperating'
category
Long Term 10.00 [ICRA]D; ISSUER NOT COOPERATING;
Fund based CC Rating continues to remain
under 'Issuer Not Cooperating'
category
Long Term 4.00 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating continues to remain
under 'Issuer Not Cooperating'
category
The rating is 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.
BVL Infrastructure Private Limited was incorporated in the year
2007, however, it had been dormant all these years. During FY2016,
the company has started the project for construction of granite
processing unit at Ongole, Andhra Pradesh, spread over an area of
22.07 acres with overall production capacity of 26,00,000 sq
ft./month. BIPL would be processing and exporting granite. The
trail production has started in June 2017 and commercial production
is expected to start in September 2017. The company is planning to
process Black Galaxy, Jet Black, Steel Grey, Black Pearl, Moon
White, River White, Iskon White variats of granite. BVL
Infrastructure Private limited is a part of the BVL Group of
Companies, conglomerate based in Ongole, Andhra Pradesh, India. The
group has major presence in tobacco processing and export,
construction, real estate and in granite quarrying, processing and
exporting.
CHANDITALA BLUE: ICRA Keeps C Debt Rating in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Chanditala
Blue Print in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]C ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based 0.20 [ICRA]C; ISSUER NOT COOPERATING;
Limit–Cash Rating continues to remain
under
Credit '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 2014, CBP is engaged in wholesale trading of
medicines. The partners have experience of around two decades in
this line of business with its medical shop in Sonarpur, West
Bengal.
CHAROEN POKPHAND: ICRA Lowers Rating on INR90cr LT Loan to B+
-------------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of
Charoen Pokphand Seeds India Private Limited (CP Seeds), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term– 90.00 [ICRA]B+ (Stable); Rating
Fund Based/CC downgraded from
[ICRA]BB+ (Stable) and
continues to remain under
issuer non-cooperating
category
Long Term– 30.00 [ICRA]B+ (Stable); Rating
Term Loan downgraded from
[ICRA]BB+ (Stable) and
continues to remain under
issuer non-cooperating
category
Rationale
The rating downgrade is because of lack of adequate information
regarding Charoen Pokphand Seeds India Private Limited performance
and hence the uncertainty around its credit risk. ICRA assesses
whether the information available about the entity is commensurate
with its rating and reviews the same as per its "Policy in respect
of non-cooperation by a rated entity" available at www.icra.in. The
lenders, investors and other market participants are thus advised
to exercise appropriate caution while using this rating as the
rating may not adequately reflect the credit risk profile of the
entity, despite the downgrade.
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.
Charoen Pokphand Seeds India Private Limited (CP Seeds) is the
manufacturer, supplier and exporter of hybrid maize seeds. The
company was established in 1997 under Charoen Pokphand Group
(Thailand) which engages in agriculture and food businesses. The
company is a wholly-owned subsidiary of Charoen Pokphand Produce
Company Limited, Thailand, which in turn is a wholly-owned
subsidiary of Charoen Pokphand Foods Public Company Limited,
Thailand (parent). Apart from CPSIPL, the group also has interests
in three other companies in India, all engaged in food and food
processing.
DESIMRAN CARTONS: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: DeSimran Cartons Private Limited
Kulkarni House, 2nd Floor
Ghantali Road, Naupada
Thane 400602
Maharashtra, India
Insolvency Commencement Date: July 23, 2021
Court: National Company Law Tribunal, Pune Bench
Estimated date of closure of
insolvency resolution process: January 19, 2022
Insolvency professional: Mr. Vivek Muralidhar Dabhade
Interim Resolution
Professional: Mr. Vivek Muralidhar Dabhade
B-13, Trupti Garden
Near Harshal Palace
Wadgoan BK II
Pune 411051
E-mail: cavivekdabhade@gmail.com
desimrancirp@gmail.com
Last date for
submission of claims: August 11, 2021
ERODE SRI PALANI: CRISIL Withdraws D Rating on INR5.0cr Cash Loan
-----------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Erode Sri Palani Murugan Spinning Mills Private Limited (ESPM) on
the request of the company and after receiving no objection
certificate from the bank. The rating action is in-line with CRISIL
Rating's policy on withdrawal of its rating on bank loan
facilities.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 1.04 CRISIL D (ISSUER NOT
COOPERATING; Rating Withdrawn)
Cash Credit 5.00 CRISIL D (ISSUER NOT
COOPERATING; Rating Withdrawn)
Rupee Term Loan 3.00 CRISIL D (ISSUER NOT
COOPERATING; Rating Withdrawn)
CRISIL Ratings has been consistently following up with ESPM for
obtaining information through letters and emails dated February 12,
2020 and August 15, 2020 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ESPM. This restricts CRISIL
Ratings' ability to take a forward-looking view on the credit
quality of the entity. CRISIL Ratings believes that rating action
on ESPM is consistent with 'Assessing Information Adequacy Risk'.
CRISIL Ratings has Continues the ratings on the bank facilities of
ESPM to 'CRISIL D/CRISIL D Issuer not cooperating'.
CRISIL Ratings has withdrawn its rating on the bank facilities of
ESPM on the request of the company and after receiving no objection
certificate from the bank. The rating action is in-line with CRISIL
Rating's policy on withdrawal of its rating on bank loan
facilities.
ESPM, set up in December 2006, manufactures cotton yarn. Operations
are managed by Mr E Palanisamy.
FUTURE GROUP: Faces Bankruptcy if Reliance Deal Delayed Further
---------------------------------------------------------------
Fortune India reports that Future Group is fighting its final
battle for existence. Fortune India relates that Supreme Court's
ruling that upheld Singapore Emergency Arbitrator's award against
Reliance Retail's INR24,713 crore takeover of Future group
companies may have a bigger impact on Kishore Biyani's retail chain
as it is on the verge of bankruptcy. Most retail outlets are shut
because of the Covid-19 pandemic restrictions. Vendors have
stopped supplies as dues ballooned to more than INR6,000 crore,
company sources said.
"If the deal delays further for three more months, the group
companies will end up in insolvency. We don't have adequate cash
flow to repay the loans and clear the credits of vendors.
Insolvency is the only option without this deal," the report quotes
Biyani as saying.
Insolvency will hit banks. The cash-strapped group companies
jointly owe around INR19,000 crore to banks, besides the INR6,000
crore dues to the vendors, the report notes. FRL alone owes
INR6,278 crore debt with 28 banks, including SBI, Union Bank, Bank
of India, Bank of Baroda, Axis Bank, and IDBI Bank, among others.
"We don't have any assets that can be liquidated to recover loans.
Our stores are on rent and products are supplied by the vendors. A
major portion of the income is going to employees and vendors," he
added.
According to the report, the Supreme Court order on Aug. 6 is a
major relief for Amazon, which contested the deal on the grounds
that it is an investor in Future Coupons and in turn a shareholder
in Future Retail Ltd (FRL). The flagship firm FRL is part of the
Reliance-Future deal. The top court has allowed the appeal filed
by the E-commerce giant against a Delhi High Court. The Delhi High
Court had earlier stayed the attachment of properties of Future
Group companies and Kishore Biyani in relation to the deal.
In April, the lenders of group companies had executed the onetime
restructuring (OTR) of debt under the RBI guidelines issued on
August 6, 2020. But the bankers agreed for OTR on condition of
conclusion of deal with Reliance Retail Ventures Ltd (RRVL). "The
banks agreed for OTR because we had better chance of recovering the
loans while executing the Reliance deal. The OTR itself will
become invalid if the deal falls through," said a banker involved
in the process.
In August last year, RRVL had agreed to pay INR24,713 crore for key
formats of Future group including Big Bazaar, FBB, Foodhall,
Easyday, Nilgiris, Central and Brand Factory, besides the group's
logistics and warehousing business, the report says. It had also
agreed to take over certain borrowings and liabilities. As the
first step of the deal, Future group has been in the process of
consolidating the retailing businesses scattered across six
entities - Future Enterprises, Future Retail, Future Lifestyle
Fashions, Future Consumer, Future Supply Chain, and Future Market
Networks.
According to the Future executive, the group is looking at all
legal options, including filing a review petition as well as new
litigations, the report relays. He refused to detail further.
However, a Reliance Retail executive said the apex court didn't say
anything about the merit of the Reliance-Future deal. "The court
said the emergency arbitration is valid under Section 17(1) of the
Arbitration and Conciliation Act, 1996. However, the actual
arbitration is yet to complete in Singapore," he said.
Earlier this year, a three-member tribunal comprising Singaporean
barrister Michael Hwang, Albert van den Berg and Jan Paulsson had
been formed at the Singapore International Arbitration Centre
(SIAC) after the emergency arbitrator's award. Some of the reports
suggested that the tribunal constituted at SIAC for arbitration
proceedings related to the deal has concluded its five-day long
final hearing. The tribunal's award will have better legal ground
in India after the apex court ruling on Friday, said legal
experts.
The verdict on Aug. 6 was pronounced by a Supreme Court bench of
Justices RF Nariman and BR Gavai. Both the fronts deployed a
battery of lawyers including Gopal Subramanium and Harish Salve,
the two senior advocates appeared for Amazon and Future Retail,
respectively, the report notes.
Future Group operates multi-branded retail outlets. The company's
retail chains include department stores, outlet stores, sportswear,
home improvement and consumer durables, supermarket, and
convenience stores as well as food parks.
GARGYA AUTOCITY: ICRA Lowers Rating on INR23.50cr Loan to B+
------------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of
Gargya Autocity Private Limited, as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based- 0.49 [ICRA]B+ (Stable) ISSUER NOT
Term Loan COOPERATING; Rating downgraded
from [ICRA]BB+(Stable) and
Rating Continues to remain
under 'Issuer Not Cooperating'
category
Fund Based– 23.50 [ICRA]B+ (Stable) ISSUER NOT
Working COOPERATING; Rating downgraded
Capital Limits from [ICRA]BB+(Stable) and
Rating Continues to remain
under 'Issuer Not Cooperating'
category
Untied Limits 0.06 [ICRA]B+ (Stable) ISSUER NOT
COOPERATING; Rating downgraded
from [ICRA]BB+(Stable) and
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 2004, GAPL is engaged in the automobile dealership
business having three showrooms with 3S facilities
(SalesServices-Spares), two in Assam (including one mini showroom)
and one in Meghalaya, and one e-outlet in Assam. The company is an
authorized dealer of Toyota Kirloskar Motor Private Limited
(Toyota) and is engaged in sales and service of vehicles along with
sale of spare parts and accessories in North-East India.
GODOLO AND GODOLO: CRISIL Lowers Rating on INR5.5cr Loans to D
--------------------------------------------------------------
CRISIL Ratings has downgraded its rating on the long-term bank
facilities of Godolo And Godolo Exports Private Limited (GGEPL) to
'CRISIL D' from 'CRISIL B+/Stable'. The rating downgrade reflects
the delays servicing debt obligation for July 21.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 5.3 CRISIL D (Downgraded from
'CRISIL B+/Stable')
Proposed Long Term 0.2 CRISIL D (Downgraded from
Bank Loan Facility 'CRISIL B+/Stable')
The rating continues to reflect the modest scale of operations and
large working capital requirements. These rating strengths are
partially offset by the extensive experience of the promoters in
the fabric industry, healthy relationships with customers, and
moderate financial risk profile.
Key Rating Drivers & Detailed Description
Delays in servicing debt obligation: GGEPL has availed term loan
from the IDFC First Bank. There have been instances of delays in
principal as well as interest payments by the company for the
July'21 on account of cash-flow mismatch.
Weaknesses:
* Modest scale of operations: With turnover of INR18.25 crore in
fiscal 2020, scale remains small in the fragmented fabric trading
industry, which has low entry barriers and limited value addition.
Furthermore, scale of operation expected to decline in fiscal 2021
as the company has booked around Rs. 3.75 crore of the revenue till
Dec '20 due to Covid-19 outbreak.
* Large working capital requirement: High credit extended to a
majority of strong customers led to stretched receivables of 73
days as of March 31, 2020. Also, inventory is 109-192 days on
average. Against this, moderate credit of 63-107 days from
suppliers partly supports the working capital requirement.
Operations should remain working capital-intensive over the medium
term.
Strengths:
* Extensive experience of the promoters: Benefits from the
three-decade-long experience of the promoters, their strong grasp
over the industry dynamics, and healthy relationships with
customers and suppliers should continue to support the business
risk profile.
* Moderate financial risk profile: Financial risk profile is
moderate, indicated by networth and gearing of INR5.31 crore and
1.75 times, respectively, as of March 31, 2020. Debt protection
metrics are average, as reflected in interest coverage and net cash
accrual to total debt ratios of 2.08 times and 0.10 time,
respectively, in fiscal 2020.
Liquidity: Poor
The liquidity profile of the firm is under stress due to there was
delays in the realization of debtors which has led to cash flow
mismatches and insufficient fund for the timely repayment of
principal.
Rating Sensitivity factors
Upward factors
* Increase in revenue by more than 30% and stable margin leading to
accrual of over INR60 lakh
* Improvement in the financial risk profile and efficient working
capital management
Incorporated in 1995, GGEPL trades in fabrics, such as non-woven
interlinings, suit and shirt interlinings, and cloth accessories,
such as polyurethane tape, water soluble backings, embroidery
felts, and marking products. Mr Ved Pal Kapur, the promoter,
manages operations along with Mr Sandeep Kapur and Mr Vishal
Kapur.
GOUNIDHI DAIRY: CRISIL Moves D Debt Ratings to Not Cooperating
--------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of
Gounidhi Dairy (GND) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 0.50 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Proposed Fund- 0.25 CRISIL D (ISSUER NOT
Based Bank Limits COOPERATING; Rating Migrated)
Proposed Term Loan 2.00 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Term Loan 5.25 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
CRISIL Ratings has been consistently following up with GND for
obtaining information through letters and emails dated May 31, 2021
and June 30, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GND, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GND
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of GND to 'CRISIL D Issuer not cooperating'.
GND was established as a partnership firm in December 2016 and
started its operations in May 2019. The firm is promoted by Mr.
Munnalal Soni, Ms Rachna Soni, Ms Rajni Soni, Ms Shobha Soni, Mr.
Vinay Kumar Soni, and Mr. Virendra Soni. The firm is setting up a
mechanised modern dairy farm in Shahdol, Madhya Pradesh.
GREATWELD ENGINEERING: CRISIL Keeps D Ratings in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Greatweld
Engineering Private Limited (GEPL) continue to be 'CRISIL D/CRISIL
D Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 5 CRISIL D (Issuer Not
Cooperating)
Cash Credit 16 CRISIL D (Issuer Not
Cooperating)
Foreign Letter 13 CRISIL D (Issuer Not
of Credit Cooperating)
Rupee Term Loan 8 CRISIL D (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with GEPL for
obtaining information through letters and emails dated December 18,
2020 and June 9, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of GEPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on GEPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
GEPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.
GEPL, incorporated in 2005, manufactures electro-forged mild steel
gratings and hand rails. It has two plants, at Indapur and Markal,
near Pune. Mr Rakesh Ranjan, Mr Suhas Baddi, Mr Ravindra Mule, and
Mr Sateesh Rane are the promoters. Mr Rakesh Ranjan and a manage
the business.
HIRANYA BUILDERS: ICRA Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities Hiranya
Builders Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]D ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term– 3.00 [ICRA]D ISSUER NOT
COOPERATING;
Fund Based Rating continues to remain
Overdraft under 'Issuer Not Cooperating'
Category
Long Term– 13.54 [ICRA]D ISSUER NOT
COOPERATING;
Term Loan Rating continues to remain
under 'Issuer Not Cooperating'
category
Unallocated 0.96 [ICRA]D ISSUER NOT COOPERATING;
Limits-Long Rating continues to remain
Term 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.
Hiranya Builders Private Limited was incorporated as a private
limited company in 2009 at Manipal, Karnataka. The company is
involved in real estate development and hospitality industry. It
has built a 4-star hotel in Udupi, Country Inn & Suites, which is
operated by the Carlson Group. The hotel consists of 54 guest
rooms, a restaurant, banquets, party room, swimming pool and all
other amenities. In addition, the company has also completed its
residential layout project, Hiranya Dhama, with 95 units with
saleable area of 21,777 sq mts.
HLM EDUCATIONAL: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of HLM
Educational Society continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 3.5 CRISIL D (Issuer Not
Cooperating)
Overdraft Facility 4.03 CRISIL D (Issuer Not
Cooperating)
Proposed Term Loan 3.47 CRISIL D (Issuer Not
Cooperating)
Term Loan 9.0 CRISIL D (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with HLM for
obtaining information through letters and emails dated December 18,
2020 and June 29, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of HLM, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on HLM
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
HLM continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.
HLM was set up in 2005 by Mr. Sunil Miglani (Chairman of the Migsun
group) in the memory of his late father, Mr. Harbans Lal Miglani.
The Ghaziabad-based society provides education courses such as law,
business management and Medical.
IL&FS WIND: ICRA Keeps D Debt Rating in Not Cooperating Category
----------------------------------------------------------------
ICRA has retained the ratings for the Non-Convertible Debenture
Programme of IL&FS Wind Energy Limited in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA]D ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Non-Convertible 200.00 ICRA]D ISSUER NOT COOPERATING;
Debenture Rating continues to remain
Programme 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.
IWEL is a 100% subsidiary of IL&FS Energy Development Company
Limited (IEDCL). It owned 51% controlling stake in seven operating
wind SPVs namely Khandke Wind Energy Private Limited, Ratedi Wind
Power Pvt. Ltd., Tadas Wind Energy Pvt. Ltd., Lalpur Wind Energy
Pvt. Ltd., Wind Urja India Private Limited, Etesian Urja Limited
and Kaze Energy Limited. The remaining 49% stake in operating wind
SPVs was held by Orix Corporation, Japan. On October 15, 2020, Orix
Corporation, acquired the entire 100% stake in these 7 entities.
JINDAL AGRO: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Jindal Agro
Mills Private Limited (JAMPL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 8.5 CRISIL D (Issuer Not
Cooperating)
Letter of Credit 37.0 CRISIL D (Issuer Not
Cooperating)
Proposed Long Term 3.0 CRISIL D (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with JAMPL for
obtaining information through letters and emails dated December 18,
2020 and June 9, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of JAMPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on JAMPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
JAMPL continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.
Incorporated in 1992 and promoted by Mr. R K Jindal, JAMPL trades
in metals such as copper, zinc and nickel. It also manufactures
copper alloys, wire, strips and rods, and processes wheat flour and
bran. JAMPL also works as consignee agent for Binani Zinc Ltd.
MANNA INDUSTRIES: CRISIL Moves D Debt Ratings to Not Cooperating
----------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of Manna
Industries Limited (MIL) to 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Long Term 7.5 CRISIL D (ISSUER NOT
Bank Loan Facility COOPERATING; Rating
Migrated)
Secured Overdraft 22.0 CRISIL D (Issuer Not
Facility COOPERATING; Rating
Migrated)
CRISIL Ratings has been consistently following up with MIL for
obtaining information through letters and emails dated May 31, 2021
and June 30, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MIL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MIL
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of MIL to 'CRISIL D Issuer not cooperating'.
Incorporated in 2011 and based in Hyderabad (Telangana), MIL is
engaged in granite and laterite mining. The Company is promoted and
managed by Mr. U Kondal Rao.
MCLEOD RUSSEL: NCLT Delhi Admits Plea Against Company Under IBC
---------------------------------------------------------------
The Hindu BusinessLine reports that the New Delhi bench of National
Company Law Tribunal (NCLT) has admitted an application against
McLeod Russel under the Insolvency and Bankruptcy Code (IBC) for
defaulting on the repayment of a loan worth INR100 crore.
In a stock market notification on Aug. 6, McLeod said that NCLT,
New Delhi has appointed Kanchan Dutta as interim resolution
professional, BusinessLine discloses.
According to BusinessLine, the application was filed by Techno
Electric & Engineering Co Ltd, which had provided an
inter-corporate deposit of INR100 crore to McLeod in 2018. The
funds were given for repayment of loans relating to four of its
estates, which was due to banks and financial institutions and to
ensure that all encumbrances created on the four tea estates were
released.
The loan amount, which carried an interest of 14 per cent, was to
be fully repaid on or before March 31, 2019, BusinessLine
discloses.
In its application Techno Electric said that not only did McLeod
failed to hand over the original title deeds relating to the four
tea estates to the company but also could not repay the entire loan
amount within the due date.
It is to be noted that multiple banks have filed petitions under
IBC with NCLT, Kolkata bench. However, these are yet to be
admitted.
According to McLeod's last annual report (2019-20), the total
indebtedness of the company stood at around INR2,245 crore as on
March 31, 2020, BusinessLine discloses. The company had sold
multiple tea gardens in Assam and West Bengal to pay off certain
high cost debt. However, it was not really enough to overcome the
challenge.
In the notes to accounts along with its financial results for March
2021 quarter, the company said that certain lenders including those
concerning another group company have obtained injunction against
disposal of its assets, pending settlement of their dues.
"The company has taken various measures to overcome the financial
constraints, which inter-alia include reduction in operational
costs, monetising the company's/group's assets including holding of
other group companies; a proposal for restructuring/reducing the
borrowings to make them sustainable and rationalising the costs
thereof; and infusing liquidity in the system over a period of
time," it said.
Based on a 2019 circular issued by Reserve Bank of India, the
lenders have initiated resolution process of stressed assets and
have also appointed an independent professional for carrying out a
Techno Economic Viability (TEV) study, BusinessLine relates.
Further, SBI Capital Markets has been appointed by the lender to
work out and recommend a resolution plan and a possible course of
action on the matter.
A draft resolution plan is pending before lenders for their
consideration, says BusinessLine. The company's management is
confident that with the lenders support in restructuring debt,
related cost reductions and other measures taken, it would be able
to reduce its outstanding amount of loan receivable and generate
sufficient cashflow to meet its obligations and strengthen its
financial position over a period of time.
McLeod Russel, a Williamson Magor group company, is the largest
bulk tea producer in India. It currently operates 33 tea estates in
Assam and West Bengal and produces close to 73 million kg of tea
each year. It also has estates in Africa and Vietnam.
MEDICON LEATHER: CRISIL Lowers Rating on INR5cr Cash Loan to D
--------------------------------------------------------------
Due to inadequate information, CRISIL Ratings, in line with SEBI
guidelines, had migrated the rating of Medicon Leather Private
Limited (MLPL) to 'CRISIL B/Stable Issuer Not Cooperating'.
However, the management has subsequently started sharing requisite
information, necessary for carrying out comprehensive review of the
rating. Consequently, CRISIL Ratings has downgraded the long term
ratings on bank facilities of MLPL to 'CRISIL D' from 'CRISIL
B/Stable Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 5 CRISIL D (Downgraded from
'CRISIL B/Stable ISSUER NOT
COOPERATING')
The rating reflects delays in the repayment of term loan in the
month of April and May 2021 due to poor liquidity. The poor
liquidity was caused by impact on operating performance due to the
second wave covid-19 pandemic.
The rating reflects MLPL's modest scale of operation and working
capital intensive operations and weak debt protection metrics.
These weaknesses are partially offset by its extensive industry
experience of the promoters.
Key Rating Drivers & Detailed Description
Weaknesses:
* Delays in debt servicing: There has been delay in repayment of
term loan in the month of April and May 2021. Since majority of
the revenue is derived from retailing segment, the operating
performance of the company has been impacted resulting in poor
liquidity.
* Modest scale and working capital intensive operations: MLPLs
business profile is constrained by its modest scale of operations
in the intensely competitive Leather & Leather goods industry as
reflected in its turnover of around Rs.4 crore for fiscal 2021.
MLPLs scale of operations will continue to limit its pricing
flexibility. The operations are working capital intensive as
reflected in the gross current asset days of 1350 days as of March
2021. The large working capital requirements arise from its high
debtor and inventory levels of 357 days and 578 days respectively,
as of 31 March, 2021.
* Weak debt protection metrics: Financial risk profile is weak with
operating losses, thus significantly impacting debt protection
metrics.
Strength:
* Extensive industry experience of the promoters: The promoters
have an experience of around 2 decades in leather & leather goods
industry. This has given them an understanding of the dynamics of
the market, and enabled them to establish relationships with
suppliers and customers.
Liquidity Poor
Liquidity is poor, as reflected in delays in the repayment of loans
in the months of April and May 2021. The working capital limit of
Rs.8 crore were also fully utilized in the last 12 months through
June 2021. With impact on operating performance because of the
second wave Covid-19, the working capital requirements have
increased. As a result, the trust has approached bank for
restructuring of their Term loans and ECLGS loan.
Rating Sensitivity factors
Upward factor
* 90 day track record of timely repayment of debt obligations
* Increase in revenue and operating margin
MLPL was incorporated in 1987. It is engaged into manufacturing of
leather products such as belts, bags, wallets, etc. It has
manufacturing facility locate in Bommanahalli-Bangalore. It is
promoted by Mr. Sangieve Bulchandani and Neeta Bulchandani.
PC JEWELLER: CRISIL Moves D Debt Ratings in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of PC
Jeweller Limited (PCJ; part of the PCJ group) to 'CRISIL D/CRISIL D
Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Foreign Exchange 37.94 CRISIL D (ISSUER NOT
Forward COOPERATING; Rating Migrated)
Fund-Based 2,012.62 CRISIL D (ISSUER NOT
Facilities COOPERATING; Rating Migrated)
Long Term Loan 12.30 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Non-Fund Based 970.17 CRISIL D (ISSUER NOT
Limit COOPERATING; Rating Migrated)
Proposed Working 878.97 CRISIL D (ISSUER NOT
Capital Facility COOPERATING; Rating Migrated)
Standby Line 25.00 CRISIL D (ISSUER NOT
of Credit COOPERATING; Rating Migrated)
CRISIL Ratings has been consistently following up with PCJ for
obtaining information through letters and emails dated May 31, 2021
and June 30, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of PCJ, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on PCJ
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of PCJ to 'CRISIL D/CRISIL D Issuer not
cooperating'.
CRISIL Ratings has combined the business and financial risk
profiles of PCJ and its four wholly-owned subsidiaries'PC Universal
Pvt Ltd, Transforming Retail Pvt Ltd, Luxury Products Trendsetter
Pvt Ltd, and PC Global Jewellers DMCC'collectively referred to as
the PCJ group, as the entities have business and operational
synergies. Moreover, PCJ had extended inter-corporate advances to
the subsidiaries as they do not have bank lines of their own.
Established in 2005, Delhi-based PCJ manufactures, retails, and
exports jewelry. The product range includes gold, diamond, and
other jewelry and silver articles. The company is promoter by Mr.
Balram Garg and family. PCJ is listed on Bombay Stock Exchange
(BSE) and National Stock Exchange (NSE).
The company has four subsidiaries: PC Universal Pvt Ltd,
Transforming Retail Pvt Ltd, Luxury Products Trendsetter Pvt Ltd,
and PC Jeweller DMCC (incorporated in Dubai).
PULIKKOTTIL LAZAR: CRISIL Lowers Rating on INR25cr Loans to D
-------------------------------------------------------------
CRISIL Ratings has downgraded its ratings on the bank facilities
Pulikkottil Lazar and Sons Jewellery Private Limited (PLSJPL) to
'CRISIL D' from 'CRISIL B+/Stable'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 7 CRISIL D (Downgraded from
'CRISIL B+/Stable')
Proposed Long Term 16.67 CRISIL D (Downgraded from
Bank Loan Facility 'CRISIL B+/Stable')
Working Capital 1.33 CRISIL D (Downgraded from
Term Loan 'CRISIL B+/Stable')
The ratings downgrade reflects delays in servicing of debt
obligations on working capital term loan for the month of June
2021.
PLSJPL has confirmed applied for one-time restructuring for
additional moratorium on its cash credit facility availed from The
South Indian Bank limited under the restructuring scheme as
prescribed by the Reserve Bank of India (RBI), in the month of May
2021. As confirmed by the bank the application was made on July
2021 13, 2021 and approval is under process.
PLSJPL has modest scale of operations, large working capital
requirement, below-average financial risk profile and experience of
the promoters in jewelry retailing business.
Analytical Approach
Estimated unsecured loans of INR1.09 crore (as of March 31, 2021)
from the promoters have been treated as neither debt nor equity as
these are expected to be retained in the business over medium
term.
Key Rating Drivers & Detailed Description
Weakness:
* Delay in servicing of debt: PLSJPL has delayed servicing its debt
obligation due to a stretched liquidity, which resulted from weak
cash flow.
* Modest scale of operations amid intense competition: Revenue was
subdued at INR38 crore in fiscal 2021, despite increase from
Rs.17.22 crore in fiscal 2020, due to intense competition in the
jewelry business. This leads to low pricing flexibility and
constrained profitability.
* Large working capital requirement: Gross current assets are
estimated at 108 days as of March 31, 2021, because of large
inventory (inherent in the jewelry retailing segment Operations are
likely to remain working capital intensive over the medium term.
* Below-average financial risk profile: Gearing and total outside
liabilities to adjusted networth (TOLANW) ratio are estimated to be
weak at 3.85 times and 4.22 times, respectively, as of March 31,
2021. High reliance on working capital limit will keep capital
structure leveraged over the medium term. Debt protection metrics
remained muted due to low operating margin: estimated interest
coverage and net cash accrual to adjusted debt ratios were 1.21
times and 0.01 time, respectively, for fiscal 2021. The metrics are
likely to remain at similar levels over the medium term.
Strength:
* Extensive experience of the promoters: Presence of around four
decades in the jewelry retailing business has enabled the promoters
to successfully navigate business cycles and build longstanding
relationships with suppliers and key customers.
Liquidity: Poor
PLSJPL has weak liquidity as reflected in delay in repayment of
debt obligations on account of weak cash flows
Rating Sensitivity factors
Upward factor
* Timely repayment of debt obligations for 90 days
* Improvement in working capital cycle and liquidity profile
Set up in 2019 in Kerala by Mr. Jomy Varghese and Mr. Jimmy
Varghese, PLSJPL operates a gold jewelry showroom in Thrissur.
PURNAM: ICRA Keeps B Debt Ratings in Not Cooperating Category
-------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Purnam
(PM) in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]B (Stable) ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based 12.75 [ICRA]B (Stable) ISSUER NOT
Limit–Term COOPERATING; Rating continues
Loan to remain under 'Issuer Not
Cooperating' category
Fund Based 0.80 [ICRA]B (Stable) ISSUER NOT
Limit–Cash COOPERATING; Rating continues
Credit 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.
Established in August 2011, Purnam (PM), a part of the
Kolkata-based "Aparna" group, acquired an existing nursing home and
after significant renovation commenced operations in January 2013.
PM was promoted by four partners - Mr. K.D. Paul, Mr Arpan Paul,
Mrs Manjusri Paul and Mrs Devika Paul. PM currently runs a 57
bedded multi-specialty nursing home, located at a prominent place
in south Kolkata. The nursing home provides treatment in various
departments viz. general medicine, orthopaedic, paediatric,
neurology, gastroenterology, gynaecology, oncology, cosmetic
surgery, cardiology, nephrology among others. In September 2015,
the firm has also opened a polyclinic cum diagnostic center for
various departments viz. ENT, Dental, and Dermatology.
R AND M INT'L: CRISIL Moves D Debt Ratings to Not Cooperating
-------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of R and
M International Private Limited (RMIPL) to 'CRISIL D/CRISIL D
Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 0.6 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Cash Credit 6.9 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Proposed Fund- 1.1 CRISIL D (ISSUER NOT
Based Bank Limits COOPERATING; Rating Migrated)
Term Loan 1.4 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
CRISIL Ratings has been consistently following up with RMIPL for
obtaining information through letters and emails dated May 31, 2021
and June 30, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RMIPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RMIPL
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of RMIPL to 'CRISIL D/CRISIL D Issuer not
cooperating'.
RMIPL was incorporated in 2009 in Mumbai by Dr Rachna Rai and Mrs
Meena Sarda. Subsequently, Mrs Meena Sarda resigned and Dr Gopal
Rai (husband of Dr Rachna Rai) joined the company as MD and CEO.
The company undertakes repair and strengthening of civil structures
using fibre wrapping and pre-stressing using carbon laminates. It
also undertakes water proofing of civil structures. The company
executes projects in Maharashtra, Karnataka, Andhra Pradesh,
Gujarat, Bihar, Uttar Pradesh, Delhi, etc.
SANKHYA INFOTECH: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: M/s Sankhya Infotech Limited
H.No. 1-112/63, 2nd Floor
W.S. Colony
Near Kims Hospital
Kondapur, Hyderabad
Telangana 500049
Insolvency Commencement Date: July 28, 2021
Court: National Company Law Tribunal, Visakhapatnam Bench
Estimated date of closure of
insolvency resolution process: January 24, 2022
Insolvency professional: Jagadees Kumar Morri
Interim Resolution
Professional: Jagadees Kumar Morri
10-5-7, Sri Sai Surya Complex
Sevasadan School, Ramnagar
Vishakapatnam
Andhra Pradesh 530013
E-mail: cajagadeesh@gmail.com
- and -
Flat no. 301, Gananadha Residency
Sundaranagar, Sanathanagar
Hyderabad 500038
E-mail: rp.sankhya2021@gmail.com
Last date for
submission of claims: August 16, 2021
SENTHIYAPPA MODERN: CRISIL Cuts Rating on INR10cr Loans to D
------------------------------------------------------------
CRISIL Ratings has downgraded its rating on the long-term bank
facilities of Senthiyappa Modern Rice Mill (SMRM; part of the
Senthiyappa group) to 'CRISIL D' from 'CRISIL BB-/Stable'. The
downgrade reflects continuous delay in debt servicing for the last
six months due to weak liquidity.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 6.5 CRISIL D (Downgraded from
'CRISIL BB-/Stable')
Proposed Long Term 3.0 CRISIL D (Downgraded from
Bank Loan Facility 'CRISIL BB-/Stable')
Term Loan 0.5 CRISIL D (Downgraded from
'CRISIL BB-/Stable')
The rating also reflects susceptibility to changes in government
regulations and below average financial risk profile. These
weaknesses are partially offset by the extensive experience of the
Senthiyappa group's partners in the rice milling business.
Analytical Approach
CRISIL Ratings has combined the business and financial risk
profiles of SMRM and its associate concern Green Field Hi-Tech Rice
Mill (GFH), together referred to as the Senthiyappa group. The two
firms are in the same business, have a common management team, and
have significant operational synergy.
Key Rating Drivers & Detailed Description
Weakness:
* Delays in debt servicing: There has been continuous delay in debt
servicing for the last six months on account of Covid-19 impact on
the business leading to stretched liquidity.
* Susceptibility to changes in government regulations: The domestic
rice industry is highly regulated in terms of paddy prices,
export/import policy for rice, and rice release mechanism, which
affects the credit quality of players. The minimum support price of
paddy and prevailing rice prices are key determinants of a rice
mill's profitability.
* Below average financial risk profile: Networth is estimated at a
modest INR3.6 crore, and gearing high at 4 times, as of March 31,
2021 Debt protection metrics are modest, with an estimated interest
coverage of around 1.5 times for fiscal 2021. The financial risk
profile is expected to remain below average over the medium term
due to high reliance on debt to fund working capital requirements.
Strengths:
* Partners' extensive experience in the rice milling business: The
partners' experience and understanding of the market dynamics
market should continue to support the Senthiyappa group's business
risk profile.
Liquidity: Poor
Liquidity is poor, as reflected in the continuous delays in debt
servicing for the last six months due to poor liquidity
Rating Sensitivity factors
Upward Factors
* Track record of timely repayment of debt
* Increase in revenue and operating margin
Established in 1987 by Mr. V S Madasamy as a partnership concern,
SMRM processes rice at its manufacturing facilities in Tamil Nadu.
The day-to-day operations are managed by Mr.Kannan Established in
2010 by Mr. Kannan as a proprietary concern, GFH processes rice at
its facilities in Tamil Nadu.
SHAMLAL COMPANY: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shamlal
Company India Private Limited (SCIPL) continue to be 'CRISIL D
Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bill Discounting 3.5 CRISIL D (Issuer Not
Cooperating)
Loan Against 2.0 CRISIL D (Issuer Not
Property Cooperating)
Proposed Long Term 4.5 CRISIL D (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with SCIPL for
obtaining information through letters and emails dated December 18,
2020 and June 9, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SCIPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SCIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SCIPL continues to be 'CRISIL D Issuer Not Cooperating'.
Set up as partnership firm (Shamlal and Company) in Salem, Tamil
Nadu, in 1957 by Mr. Shamlal Bajaj and Mr. Desraj Bajaj, and
reconstituted as a private limited company. SCIPL is engaged in
dying, processing and printing of fabric, and also trades in grey
fabric. The company used to trade in iron ore but discontinued that
business after ban on iron ore mining.
SIR BIOTECH: ICRA Lowers Rating on INR90cr LT Loan to D
-------------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of Sir
Biotech India Limited (SBTIL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long term: 90.00 [ICRA]D ISSUER NOT COOPERATING;
Term Loans Rating downgraded from
[ICRA]B+(Stable) and Continues
to remain under 'Issuer Not
Cooperating' category
Rationale
The rating downgrade reflects delays in debt servicing as mentioned
in publicly available sources. The rating is based on limited
information on the entity's performance since the time it was last
rated in December 2020. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.
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.
Sir Biotech India Limited (SBTIL) was incorporated on May 15, 1995
as a Public Limited Company in the name of Raghunath Textiles
Limited. The name of the company was changed to Sir Biotech India
Limited on October 20, 2006. The company is part of the Raghunath
Group of companies which is engaged in the manufacturing of various
FMCG products, herbal and botanical activities, natural dyes and
clothing, international trade, agro commodities and internet
commerce. It has operations and offices at Goa, Haridwar, Delhi,
Port Blair, Dehradun, Almora, Mumbai and Milan. The company has
tied up with the Carlson Group to operate a 5-star hotel in
Dehradun under the brand of "Radisson".
SUN FORGE: ICRA Lowers Rating on INR14cr Loans to B+
----------------------------------------------------
ICRA has downgraded the ratings on certain bank facilities of Sun
Forge Private Limited (SFPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 7.00 [ICRA]B+ (Stable) ISSUER NOT
Cash Credit COOPERATING; Rating downgraded
from [ICRA]BB+(Stable) and
Rating Continues to remain
under 'Issuer Not Cooperating'
category
Fund Based- 7.00 [ICRA]B+ (Stable) ISSUER NOT
Term Loan COOPERATING; Rating downgraded
from [ICRA]BB+(Stable) and
Rating Continues to remain
under 'Issuer Not Cooperating'
category
Rationale
The rating downgrade is attributable to the lack of adequate
information regarding Sun Forge Private Limited's performance and
in turn, the uncertainty around its credit risk. ICRA assesses
whether the information available about the entity is commensurate
with its rating and reviews the same as per its "Policy in respect
of non-cooperation by a rated entity" available at www.icra.in. The
lenders, investors and other market participants are thus advised
to exercise appropriate caution while using this rating as the same
may not adequately reflect the credit risk profile of the entity,
despite the downgrade.
As part of its process and in accordance with its rating agreement
with Sun Forge Private Limited, ICRA has been trying to seek
information from the entity to monitor its performance. Despite
repeated requests by ICRA, the entity's management has remained
non-cooperative. In the absence of the requisite information and in
line with the aforesaid policy of ICRA, a rating view has been
taken on the entity based on the best available information.
Rajkot-based Sun Forge Private Limited (SFPL) was incorporated in
2001. It manufactures forged and machined bearing races/rings,
which find application in industries such as automotive, and oil
and gas. The company has an annual installed capacity of producing
12,000 MT of bearing races. The company holds IATF quality
certification from TUV SUD Management Service GmbH, which is a
pre-requirement to supply to reputed clientele. The company also
owns windmill of 2.1 MW capacity in the Kutch region of Gujarat.
The key promoters, Mr. Rajesh Kalaria and Mr. Nathabhai Kalaria,
have extensive experience of around two decades in the forging and
turning industry through their association with SFPL.
TIRUPATI AGENCIES: CRISIL Moves D Debt Ratings to Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings has migrated the rating on bank facilities of
Tirupati Agencies Private Limited (TAPL) to 'CRISIL D/CRISIL D
Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 0.6 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
Cash Credit 7.0 CRISIL D (ISSUER NOT
COOPERATING; Rating Migrated)
CRISIL Ratings has been consistently following up with TAPL for
obtaining information through letters and emails dated May 31, 2021
and June 30, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TAPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TAPL
is consistent with 'Assessing Information Adequacy Risk'.
Therefore, on account of inadequate information and lack of
management cooperation, CRISIL Ratings has migrated the rating on
bank facilities of TAPL to 'CRISIL D/CRISIL D Issuer not
cooperating'.
TAPL, incorporated in 1981, trades in roller ball bearings of odd
sizes. The company has four warehouses, one in Kolkata and the
others in Mumbai. Operations are managed by the promoter-director
Mr. Chandra Kant Khemka.
UMACHI FOODS: CRISIL Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Umachi Foods &
Commodities Private Limited (UFC) continues to be 'CRISIL D Issuer
Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Working Capital 9 CRISIL D (Issuer Not
Facility Cooperating)
CRISIL Ratings has been consistently following up with UFC for
obtaining information through letters and emails dated December 29,
2020 and June 29, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of UFC, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on UFC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
UFC continue to be 'CRISIL D Issuer Not Cooperating'.
UFC began operations in 2014; since then it has been engaged in
bulk trading of packaged basmati rice. The company is primarily
engaged in domestic supply as well as exports to the Middle-East.
The basmati rice is procured from rice mills directly as well as
through dealers and agents based in Delhi, Haryana, Punjab, and
Uttar Pradesh.
VAGHASIYA EXPORTS: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vaghasiya
Exports continue to be 'CRISIL D Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Foreign Bill 2.75 CRISIL D (Issuer Not
Discounting Cooperating)
Packing Credit 1.25 CRISIL D (Issuer Not
in Foreign Currency Cooperating)
Proposed Short Term 6.00 CRISIL D (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with Vaghasiya
for obtaining information through letters and emails dated December
29, 2020 and June 09, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Vaghasiya, which restricts
CRISIL Ratings' ability to take a forward-looking view on the
entity's credit quality. CRISIL Ratings believes that rating action
on Vaghasiya is consistent with 'Assessing Information Adequacy
Risk'. Based on the last available information, the ratings on bank
facilities of Vaghasiya continue to be 'CRISIL D Issuer Not
Cooperating'.
Set up in 1994 in Mumbai as a partnership firm by Mr. Mansukh Patel
and Mr. Pankaj Mistry (equal partners), Vaghasiya cuts and polishes
imported rough diamonds (mainly white, in 0.1 cents-1 carat range),
which it export to Belgium, Hong Kong, and Israel. The firm
outsources its unit to associate concern in Dahisar, Maharashtra.
VENKHATA SRINIVASA: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Venkhata
Srinivasa Infracon Private Limited (VSIPL) continue to be 'CRISIL
D/CRISIL D Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Overdraft Facility 6.0 CRISIL D (Issuer Not
Cooperating)
Proposed Long Term 0.4 CRISIL D (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with VSIPL for
obtaining information through letters and emails dated December 18,
2020 and June 9, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VSIPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VSIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VSIPL continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.
Incorporated in 2011, VSIPL is a sub-contractor and undertakes
projects in the civil construction segment, primarily earthwork
excavations (in open area, tunnel area, etc). Based in
Visakhapatnam (Andhra Pradesh), VSIPL is promoted by Mr. Siddareddy
Udaya Sridhar Reddy, Mr. Mudi Vikranth Reddy and Mr. Siddareddy
Vijaya.
VIJAY CITISPACE: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Vijay Citispace Pvt. Ltd.
Registered office:
205, Marine Chambers
43, New Marine Lines
Mumbai, Maharashtra 400020
Principal office:
Office Complex, Vijay Nagari
Waghbill, G.B. Road
Thane 400607
Insolvency Commencement Date: July 20, 2021
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: January 16, 2022
Insolvency professional: Mr. Ashish Vyas
Interim Resolution
Professional: Mr. Ashish Vyas
B-1A Viceroy Court CHS
Thakur Village
Kandivali (East)
Mumbai Suburban
Maharashtra
E-mail: ashishvyas2006@gmail.com
- and -
Kanchansobha Debt Resolution
Advisors Private Limited
1507, B Wing
One BKC, G-Block
BKC, Bandra East
Mumbai 400051
E-mail: vijaycitispace@kanchansobha.com
Last date for
submission of claims: August 3, 2021
VRC AGRO: CRISIL Keeps D Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of VRC Agro
Farms Private Limited (VRC) continue to be 'CRISIL D Issuer Not
Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 6.7 CRISIL D (Issuer Not
Cooperating)
Proposed Long Term 3.3 CRISIL D (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with VRC for
obtaining information through letters and emails dated December 18,
2020 and June 9, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VRC, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VRC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VRC continue to be 'CRISIL D Issuer Not Cooperating'.
Set up in 1994 as a proprietorship firm (Kanneganti Sea Foods) in
Hyderabad, Telangana by Mr. K Ramakrishna and reconstituted as a
private limited company in 2011, VRC cultivates and trades prawns.
=================
I N D O N E S I A
=================
INDONESIA: Stalled Stimulus Leaves Small Firms With No Lifeline
---------------------------------------------------------------
Bloomberg News reports that slow stimulus spending threatens
Indonesia's recovery as smaller businesses that are the backbone of
the economy have been kept waiting for much-needed funds to weather
an extended lockdown.
Only about 30% of more than IDR186 trillion ($13 billion) of
combined national and provincial government aid has yet been
disbursed for micro, small and medium-sized enterprises, Bloomberg
discloses citing Finance Ministry data. Stricter movement curbs
imposed in early July are weighing on the economy in many parts of
the archipelago, leading Finance Minister Sri Mulyani Indrawati to
urge local governments to speed up spending, which was lower
through mid-year than in 2020, says Bloomberg.
"If local spending can be accelerated in the second half, we hope
this will support economic recovery in the regions," Bloomberg
quotes Indrawati as saying on Aug. 5.
Whether these small businesses can survive the pandemic's blow will
affect how strictly the government can impose measures to contain
one of the world's worst coronavirus outbreaks, Bloomberg notes.
There are more 64 million MSMEs in Indonesia, employing roughly 97%
of the country's workforce accounting for more than 60% of gross
domestic product, Bloomberg discloses.
Southeast Asia's biggest economy had contracted for four straight
quarters before growing 7.07% in the April-June period compared to
a year earlier, though there are concerns about whether the
momentum can be sustained given the latest restrictions.
===============
M A L A Y S I A
===============
1MDB: U.S. DOJ Repatriates Another $452MM in Funds to Malaysia
--------------------------------------------------------------
Reuters reports that the U.S. Department of Justice (DOJ) has
repatriated $452 million in misappropriated funds from 1Malaysia
Development Bhd (1MDB), it said in a statement on Aug. 5, bringing
the total amount recovered from the corruption scandal to $1.2
billion.
Reuters relates that the funds, which were repatriated to Malaysia,
had been laundered through major financial institutions worldwide,
including in the United States, Switzerland, Singapore, and
Luxembourg, the statement said.
"The funds include both funds finally forfeited and funds the
Department assisted in recovering and returning. The Department
continues to litigate actions against additional assets allegedly
linked to this scheme," it said.
Reuters says 1MDB raised billions of dollars in bonds, ostensibly
for investment projects and joint ventures, between 2009 and 2013.
More than $4.5 billion in funds belonging to 1MDB were allegedly
misappropriated by high-level officials at the firm and their
associates through a criminal scheme involving international money
laundering and embezzlement.
The scandal implicated high-level officials, banks and financial
institutions around the world. In addition to the purchasing of
luxury assets, including real estate and a superyacht, the DOJ said
some of the embezzlement proceeds were also used to allegedly pay
bribes, Reuters notes.
===============
M O N G O L I A
===============
DEV'T BANK OF MONGOLIA: Fitch Affirms 'B' LT IDR, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings
(IDR) of Mongolia's only policy bank, Development Bank of Mongolia
LLC (DBM), at 'B'. The Outlook is Stable.
KEY RATING DRIVERS
IDRS, SUPPORT RATING AND SUPPORT RATING FLOOR
The IDRs and Support Rating Floor of DBM are equalised with the
IDRs of the Mongolian sovereign (B/Stable), reflecting Fitch's
assessment that the state has strong propensity to provide support
for the bank, if required. This stems from DBM's policy role, full
state ownership and close linkages with the government, such as
lending to state-owned companies and state-guaranteed legacy debt.
The Mongolian government remains the sole shareholder and the
Ministry of Finance chairs the bank's board, overseeing DBM's
operations.
DBM, as the only policy financial institution in Mongolia, has a
specific mandate to finance projects in important sectors that
support the economy as per the Development Bank of Mongolia Act.
The act stipulates that at least 60% of DBM's exposures should be
channelled towards export-related projects. DBM is facilitating
some of the government's support measures during the Covid-19
pandemic by providing soft loans to the country's important
sectors, such as cashmere manufacturers, agriculture and utilities,
and participating in large-scale domestic development projects.
Fitch considers the state's 100% ownership of the bank as strategic
in light of DBM's policy role. The DBM act indicates the
government's power to take measures to ensure the sustainable
status of DBM's finances and solvency. Fitch believes various forms
of support from the government for DBM will be available if needed.
DBM recorded a net loss in 2020, partly driven by higher
credit-impairment losses stemming from the pandemic, which
contributed to a higher retained loss. However, DBM remains
compliant with the prudential requirements set by the Bank of
Mongolia.
The Stable Outlook reflects the Outlook on Mongolia's sovereign
rating. The Support Rating of '4' takes into account Fitch's view
of the state's lower ability to provide support, as reflected in
the sovereign's 'B' rating.
Fitch does not assign a Viability Rating to DBM because the bank's
operations are largely determined by its policy role and it has
limited commercial operations.
SENIOR DEBT AND RECOVERY RATING
Fitch equalises the rating on the senior unsecured debt issues with
DBM's Long-Term IDR as they constitute direct, unsecured and
unsubordinated obligations of the bank. They rank pari passu with
DBM's other unsecured and unsubordinated obligations, and they are
subordinated to the secured debt of the bank and the obligations of
its subsidiaries. The senior unsecured notes contain various
default clauses that are closely linked to the creditworthiness of
the sovereign, reinforcing Fitch's expectation of strong incentive
for the state to provide support for the bank, if required.
The Recovery Rating of 'RR4' indicates typical recovery prospects
of 31%-50%.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
IDRS, SUPPORT RATING AND SUPPORT RATING FLOOR
-- An upgrade of DBM's ratings is likely if Fitch were to upgrade
the rating of the Mongolian sovereign, assuming there are no
changes in the sovereign's propensity to provide support. The
Support Rating can only be upgraded if the sovereign rating
were to be upgraded by more than one notch.
SENIOR DEBT AND RECOVERY RATING
-- An upgrade of the notes' rating could come from an upgrade of
DBM's ratings, which will be led by the sovereign rating
upgrade.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
IDRS, SUPPORT RATING AND SUPPORT RATING FLOOR
-- Any negative rating action to the sovereign's IDRs would
directly prompt a similar action on DBM's ratings.
-- DBM's ratings may also be notched down from the sovereign
rating if Fitch believes that the sovereign's propensity to
support the bank is lower even if the ability to support
remains unchanged. This could happen in the event that the
bank's policy role were to diminish, the state's stake in the
bank were to fall significantly or the linkages between the
two were to weaken. Fitch does not expect these scenarios to
occur in the foreseeable future.
SENIOR DEBT AND RECOVERY RATING
-- A downgrade of the sovereign rating will also trigger a
downgrade in the rating on the notes. A downgrade of the
notes' rating could also result from a change in Fitch's view
on DBM's linkages to the government, including state
ownership.
-- The Recovery Rating of the notes is sensitive to Fitch's
assessment of potential recoveries for creditors in case of
default or non-performance. It could be downgraded if there is
a change in Fitch's assumptions on the quality or the recovery
rates of the assets.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.
The bank's IDRs are driven by Fitch's view of the likelihood of
support from the Mongolian sovereign.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
KHAN BANK LLC: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has affirmed Mongolia-based Khan Bank LLC's Long-Term
Issuer Default Ratings (IDR) at 'B' and Viability Rating at 'b'.
The Outlook is Stable. Fitch also affirmed the bank's Support
Rating at '4' and Support Rating Floor at 'B'.
Fitch expects the operating environment for Mongolian banks to
benefit from the rebound in Mongolia's economy and the government's
large economic stimulus programme, which provides soft loans
through commercial banks to corporations and individuals to support
their business. Fitch expects soft loans to be the key loan growth
driver for banks in 2021 and 2022, despite remaining
pandemic-related risks.
Fitch believes recent developments in banks' regulatory frameworks
could also offset some risks from the pandemic, although potential
benefits are only likely to accrue over the medium-term. Fitch
maintains a stable outlook on the operating environment score,
which is aligned with that on the sovereign's rating, reflecting
the correlation between Mongolia's economy and bank performance.
KEY RATING DRIVERS
IDRS AND VIABILITY RATING
Khan Bank's Long-Term IDRs are at the same level as its Viability
Rating and Support Rating Floor. The Viability Rating is highly
influenced by Mongolia's operating environment, which Fitch scores
at 'b' with a stable outlook, and reflects Fitch's expectation that
the bank will maintain its intrinsic credit profile while restoring
capitalisation back to more comfortable levels and well above the
regulatory requirements, as risks on the pandemic remain. The
Stable Outlook on the IDRs is in line with the Outlook on the
sovereign (B/Stable).
Fitch expects Khan Bank's impaired loans and corresponding
provisions to increase with the gradual recognition of the problem
loans, however, the deterioration in asset quality should be
limited due to the economic recovery and the implementation of the
stimulus programme. The bank's regulatory non-performing loan ratio
was 5.2% at end-1H21, down from 6.7% at end-2020, driven by strong
growth from government support loans. Khan Bank maintained an
above-peer loan loss allowance at 102% of impaired loan in 2020 to
mitigate the asset quality pressure. Fitch has revised the outlook
on Khan Bank's asset quality score to stable, from negative.
Fitch expects the bank's earnings and profitability to stabilise,
as near-term stress has receded amid the rebound in economy and
domestic business activities, leading to a pick-up in income
generation. Profitability declined in 2020, with operating
profit/risk-weighted assets dropping to 3.4% (2019: 4.5%), but it
remains at the higher-end of peers. Net income improved
significantly in 1H21 compared with 1H20. Fitch has revised the
outlook on the earnings and profitability score to stable, from
negative, to reflect the gradually improving earnings stability and
receding pressure from the pandemic.
Risk controls and the capital management framework should help the
bank maintain sufficient risk buffers amid sector-wide loan-quality
deterioration. Khan Bank's Tier 1 ratio dropped to 14.9% in 1H21,
from 18.1% at end-2020, due to a sizable dividend payout and higher
loan growth, but remained sufficiently above the end-point for the
Tier 1 capital requirement of about 13% in July 2022. The bank
declared a special dividend of MNT200 billion (3.2% of
risk-weighted assets at end-2020) in February 2021. Fitch expects
the ratio to return to higher levels based on the bank's strong
internal capital generation capacity, which would be amplified as
the economy recovers from the pandemic.
Fitch expects the funding and liquidity profile to remain adequate,
anchored by the bank's substantial domestic franchise; the bank
accounted for over 35% of system deposits at end-2020. The lending
business is supplemented by foreign-currency term funding from
international financial institutions, which comprised 8% of the
bank's total funding at end-2020.
SUPPORT RATING AND SUPPORT RATING FLOOR
Khan Bank's Support Rating and the Support Rating Floor, which is
equalised with the sovereign rating, reflect Fitch's assessment
that the sovereign has a higher propensity to provide extraordinary
support to Khan Bank than to other domestic systemically important
banks. The equalisation with the sovereign rating is largely based
on the bank's systemic importance, due to its size and large share
of customer deposits. Fitch believes authorities would favour
support over a bail-in for Khan Bank, as it will be more
cost-effective to support the bank because it is primarily funded
by domestic deposits, which are covered by deposit insurance.
Mongolia's re-capitalisation law provides grounds for sovereign
support as well as for a bail-in, should any domestic systemically
important bank need it.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
IDRS AND VIABILITY RATING
-- Khan Bank's Long-Term IDRs would be upgraded if its Viability
Rating or Support Rating Floor, or both, were upgraded. The
Support Rating Floor can only be upgraded if the sovereign
rating is upgraded, as the ratings are equalised.
-- Khan Bank's Viability Rating is sensitive to developments in
Mongolia's operating environment. A sovereign rating upgrade,
combined with steady and significant progress towards a
stronger legal and regulatory framework, could open up the
possibility of a Viability Rating upgrade. The Viability
Rating upgrade would then be more dependent on a sustained
improvement in asset quality, with an impaired loan ratio
consistently below 5% (2020: 6.8%), and maintaining a Fitch
Core Capital ratio consistently above 20% (end-2020: 19%).
SUPPORT RATING AND SUPPORT RATING FLOOR
The Support Rating Floor is equalised with the sovereign rating. It
can be upgraded only if the sovereign rating is upgraded and Fitch
believes that the propensity of sovereign support has not
diminished.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
IDRS AND VIABILITY RATING
-- Khan Bank's Long-Term IDRs could be downgraded if both its
Viability Rating and the Support Rating Floor are downgraded.
A sovereign rating downgrade is highly likely to lead to a
corresponding downgrade in Khan Bank's Support Rating Floor,
Long-Term IDRs and Viability Rating, given the bank's
substantial direct and indirect exposure to sovereign credit.
Khan Bank's Viability Rating could also be downgraded if a weaker
economic environment leads to deterioration in the following
metrics:
-- Impaired loans/gross loans increasing above 10% for a
sustained period;
-- Operating profit/risk-weighted assets below 3% for a sustained
period; and
-- The Fitch Core Capital ratio declining below 16%, without a
credible path to return above this level.
SUPPORT RATING AND SUPPORT RATING FLOOR
The Support Rating and the Support Rating Floor could be downgraded
if Fitch assesses that the sovereign's ability to provide support
has weakened, such as indicated by a sovereign downgrade. A
downgrade could also be driven by Fitch's view that the state's
propensity to provide support has diminished, which could be driven
by a significant decline in the bank's systemic importance and
deposit market share.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
XACBANK LLC: Fitch Affirms 'B' LongTerm IDR, Outlook Stable
-----------------------------------------------------------
Fitch Ratings has affirmed Mongolia-based XacBank LLC's Long-Term
Issuer Default Ratings (IDR) at 'B' and Viability Rating at 'b'.
The Outlook is Stable. Fitch also affirmed XacBank's Support Rating
at '5' and Support Rating Floor at 'B-'.
Fitch expects the operating environment for Mongolian banks to
benefit from the rebound in Mongolia's economy and the government's
large economic stimulus programme, which provides soft loans
through commercial banks to corporations and individuals to support
their business. Fitch expects soft loans to likely be the key loan
growth driver for banks in 2021 and 2022 despite remaining
pandemic-related risks.
The recent developments on banks' regulatory framework could also
offset some risks from the pandemic, in Fitch's view, although
potential benefits are only likely to accrue over the medium term.
Fitch maintains a stable outlook on the operating environment
score, which is aligned with that on the sovereign's rating
(B/Stable), reflecting the correlation between Mongolia's economy
and bank performance.
KEY RATING DRIVERS
IDRS AND VIABILITY RATING
XacBank's IDRs are driven by its intrinsic credit profile, which is
represented by its Viability Rating. The Viability Rating is highly
influenced by the Mongolian operating environment, which Fitch
scores at 'b' with a stable outlook, and reflects Fitch's
expectation the bank will maintain its intrinsic credit profile
amid the pandemic. The Stable Outlook on the bank's Long-Term IDRs
is in line with the rating Outlook of the sovereign.
Fitch believes XacBank's impaired loans could rise on the gradual
recognition of the non-performing loans (NPL), although the impact
could be muted due to the economy recovery as well as the support
from the stimulus programme. The bank's regulatory NPL ratio of
5.4% at end-June 2021 (6.5% end-2020), driven partly on stronger
loan growth, was noticeably better than the system average of
10.3%. Fitch revised the outlook of the asset quality score back to
stable from negative. The asset quality mid-point of 'b-', in
Fitch's view, captures the bank's higher focus on SME lending,
which is more vulnerable to economic changes, and its moderate loan
loss allowance coverage of 71% of impaired loans at end-2020.
Fitch expects pressure on XacBank's earnings and profitability to
recede in the near term, supported by the improving business
momentum. Profitability improved in 2020 due to better management
of funding costs by capturing more customer deposits and lowering
some interest rates from wholesale funding. Its customer
deposit/total funding ratio increased to 71% by end-2020, from 59%
at end-2019, contributing partly to a 9.7% increase in net interest
income. Credit costs were quite steady as the bank's loan quality
held up, but any unexpected deterioration from the ongoing
uncertainties of the pandemic could pose risks to earnings
stability. The outlook on earnings and profitability score was
revised to stable from negative.
XacBank's capital ratio has improved. The Tier 1 ratio reached
16.3% by end-June 2021 on the bank's strategy of slowing loan
growth and reducing risk-weighted assets over the past two years.
The loan portfolio contracted by 24% in 2020 and 6% in 2019, and
the average risk-weighting dropped to 42%, from 65% in 2018, with
the excess liquidity placed into central bank bills. However, a
further contraction in the loan book appears unlikely because
XacBank's capital ratio has become comparable with those of close
peers. Fitch expects the bank to revert towards loan growth along
with the economic recovery, but there is a risk that capital may be
consumed at a faster pace if lending outpaces profitability. A
successful record in maintaining improved profitability and higher
capital buffer for a sustained period will warrant us to reassess
XacBank's capitalisation and leverage score.
Fitch expects XacBank's funding and liquidity profile to remain
adequate with a steady domestic franchise. Its lending business is
supplemented by foreign-currency term funding from international
financial institutions, representing 29% of total funding at
end-2020. Its customer deposits rose by about 10% in 2020, which
increased the contribution of deposits to total funding to 71%. Its
regulatory liquidity ratio was 51.6% at end-June 2021, well above
the minimum requirement of 25%.
SUPPORT RATING AND SUPPORT RATING FLOOR
The affirmation of XacBank's Support Rating and Support Rating
Floor reflects Fitch's view that the sovereign's propensity to
provide extraordinary support remains unchanged, based on the
bank's systemic importance and stable retail deposit franchise in
Mongolia. Fitch believes the Mongolian authorities would favour
support over a bail-in for the domestic systemically important
banks (D-SIBs), subject to the authorities' conditions and the
banks' viability prospects. Mongolia's re-capitalisation law
provides grounds for sovereign support as well as for a bail-in,
should any D-SIB need it. However, XacBank's high wholesale funding
structure, in Fitch's view, would be a consideration by the
authorities for a bail-in in some scenarios in which the
sovereign's ability is constrained.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
IDRS AND VIABILITY RATING
XacBank's IDRs are driven by its Viability Rating, which is
sensitive to developments in Mongolia's operating environment. A
sovereign rating upgrade, combined with steady and significant
progress towards a stronger legal and regulatory framework, could
open up the possibility of positive rating action for XacBank,
provided it is accompanied by significant and sustainable
improvement in profitability, with operating profit/risk-weighted
assets above 3.5% (end-2020: 2.8%), and capitalisation, with its
Fitch Core Capital ratio consistently above 16% (end-2020: 18.7%),
while maintaining loan quality at the current level.
SUPPORT RATING AND SUPPORT RATING FLOOR
The bank's Support Rating and Support Rating Floor could be
upgraded if the sovereign rating is upgraded or Fitch's assumptions
of the sovereign's propensity to provide support change, which
could be triggered by a significant increase in XacBank's deposit
market share.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
IDRS AND VIABILITY RATING
A sovereign rating downgrade is highly likely to lead to a
corresponding downgrade in XacBank's Long-Term IDRs and Viability
Rating, given the bank's substantial exposure to the sovereign's
credits directly or indirectly.
XacBank's ratings could also be downgraded if its company profile
were compromised by a structural weakening of its franchise and
higher risk appetite. A downgrade could also come from a weaker
economic environment that leads to deterioration in the following
financial metrics:
-- Impaired loans/gross loans increasing and sustained above 10%;
and
-- Operating profit/risk-weighted assets sustained below 1%.
SUPPORT RATING AND SUPPORT RATING FLOOR
The Support Rating and the Support Rating Floor could be downgraded
if Fitch assesses that the sovereign's propensity to support has
diminished, which could be driven by a significant decline in the
bank's systemic importance.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
=====================
N E W Z E A L A N D
=====================
LATITUDE NEW ZEALAND 2021-1: Fitch Assigns BB(EXP) on Class E Notes
-------------------------------------------------------------------
Fitch Ratings has assigned expected ratings to Latitude New Zealand
Credit Card Master Trust - Series 2021-1's floating-rate notes. The
issuance consists of notes backed by a pool of New Zealand consumer
sales finance and credit card receivables originated by Latitude
Financial Services Limited (Latitude). The notes will be issued by
The New Zealand Guardian Trust Company Limited as trustee for
Latitude New Zealand Credit Card Master Trust.
DEBT RATING
---- ------
Latitude New Zealand Credit Card Master Trust
2021-1 A LT AAA(EXP)sf Expected Rating
2021-1 B LT AA(EXP)sf Expected Rating
2021-1 C LT A(EXP)sf Expected Rating
2021-1 D LT BBB(EXP)sf Expected Rating
2021-1 E LT BB(EXP)sf Expected Rating
TRANSACTION SUMMARY
The trust has a master trust structure that permits purchase of
eligible receivables on a revolving basis, which will be funded
through potential issuance of additional series of notes from time
to time. At 30 June 2021, the total collateral pool consisted of
95,445 accounts with a total receivables balance of NZD216.9
million.
KEY RATING DRIVERS
Stable Receivables Performance: Portfolio performance has been
stable, with gross charge-offs averaging at 2.9%, yield - excluding
merchant service fees - averaging at 14.0% and the monthly payment
rate (MPR) averaging at 12.50%, over the previous year. Based on
observed past performance Fitch set base cases of 4.25% for
charge-offs, 13.00% for yield and 9.75% for the MPR. Performance is
backed by New Zealand's effective suppression of Covid-19 and the
macroeconomic-policy response, which has facilitated a robust
recovery supports the stable outlook on the notes.
Satisfactory Originator and Servicer Quality: Latitude is a
non-bank lender that started operations in 1995 as GE Capital,
which was subsequently acquired in 2015 by a consortium of
investors. Fitch undertook an operational review and found that the
operations of the originator and servicer were comparable with
other credit card issuers in Australia and New Zealand. The
pandemic has not disrupted collection or servicing activity, as
staff are able to work remotely and have access to the office, if
needed.
Added Flexibility: The structure employs an originator variable
funding note (VFN) purchased and held by Latitude to add funding
flexibility that is typical and necessary for credit-card trusts.
It provides credit enhancement to the rated notes to protect
against dilution and meet risk-retention requirements. A separate
VFN provides funding flexibility for the trust.
Mitigated Counterparty Risk: Latitude acts in several capacities,
most prominently as originator, servicer and trust manager. The
degree of reliance is mitigated in this transaction by the
transferability of operations, a nominated back-up servicer and a
series specific liquidity reserve.
Mitigated Interest Rate Risk: Interest rate risk is mitigated by
available credit enhancement.
Rated Above Sovereign: Structured finance notes can be rated up to
six notches above New Zealand's Long-Term Local-Currency Issuer
Default Rating of 'AA+', supporting the 'AAAsf' rating on the class
A notes.
The key rating drivers listed in the applicable sector criteria,
but not mentioned above, are not material to this rating action.
RATING SENSITIVITIES
Unanticipated increases in the charge-offs or reductions in
purchase rates or yield could produce loss levels higher than
Fitch's base case and are likely to result in a decline in credit
enhancement and remaining loss coverage levels available to the
notes. Decreased credit enhancement may make certain note ratings
susceptible to potential negative rating action, depending on the
extent of the coverage decline. Hence, Fitch conducts sensitivity
analysis by stressing a transaction's steady-state assumptions.
This section provides insight into the model-implied sensitivities
the transaction faces when one assumption is modified, while
holding others equal. The modelling process uses the modification
of these variables to reflect asset performance in upside and
downside environments. The results below should only be considered
as one potential outcome, as the transaction is exposed to multiple
dynamic risk factors. It should not be used as an indicator of
possible future performance.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Notes: Series 2021-1 Class A / B / C / D / E
-- Expected Rating: AAAsf / AAsf / Asf / BBBsf / BBsf
-- Increase charge-off steady state by 25%: AA+sf / AAsf / Asf /
BBBsf/ BBsf
-- Increase charge-off steady state by 50%: AA+sf / AA-sf / A-sf
/ BBBsf/ BBsf
-- Increase charge-off steady state by 75%: AAsf / A+sf / BBB+sf
/ BBB-sf/ BB-sf
-- Reduce MPR steady state by 15%: AA+sf / AA-sf / Asf / BBBsf/
BBsf
-- Reduce MPR steady state by 25%: AAsf / A+sf / A-sf / BBBsf/
BBsf
-- Reduce MPR steady state by 35%: AA-sf / Asf / BBB+sf / BBB-sf/
BBsf
-- Reduced purchase rate by 15%: AAAsf / AAsf / Asf / BBBsf /
BBsf
-- Reduced purchase rate by 25%: AAAsf / AAsf / Asf / BBBsf /
BBsf
-- Reduced purchase rate by 35%: AA+sf / AA-sf / A-sf / BBBsf /
BBsf
Rating sensitivity to increased charge-off rate and reduced MPR:
-- Increased charge-off rate by 25% and reduced MPR by 15%: AAsf
/ A+sf / A-sf / BBBsf/ BBsf
-- Increased charge-off rate by 50% and reduced MPR by 25%: A+sf
/ A-sf / BBBsf / BB+sf/ BB-sf
-- Increased charge-off rate by 75% and reduced MPR by 35%: A-sf
/ BBBsf / BB+sf / BB-sf/ Bsf
Factor that could, individually or collectively, lead to positive
rating action/upgrade:
-- Reduce charge-off steady state by 25%: AAAsf / AAAsf / AAsf /
A+sf / BBB+sf
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.
USE OF THIRD PARTY DUE DILIGENCE PURSUANT TO SEC RULE 17G -10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.
DATA ADEQUACY
Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset pool
and the transaction.
Overall, Fitch's assessment of the asset pool information relied
upon for the agency's rating analysis according to its applicable
rating methodologies indicates that it is adequately reliable.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
SACRED HILL: Two Cos. Placed in Liquidation, Staff Owed NZD290,000
------------------------------------------------------------------
Stuff.co.nz reports that two companies in the Sacred Hill wine
group have been placed into liquidation, with one of the companies
owing staff NZD290,000.
In May and June, the group, including Sacred Hill Vineyards, Sacred
Hill Marlborough Vineyards, Sacred Hill Family Vineyards and Sacred
Hill Global, went into receivership with more than NZD98 million in
outstanding debts.
On Aug. 6, Ernst and Young associate partner Rhys Cain was
appointed liquidator of Sacred Hill Vineyards and Sacred Hill
Family Vineyards, Stuff discloses.
According to Stuff, Mr. Cain said the order for liquidation was
made by an associate judge at the High Court in Napier.
They were insolvent liquidations, he said.
Receivers of the Sacred Hill group, Rees Logan and Andrew McKay of
BDO, put the winery, brand and assets up for sale in June.
Stuff relates that Mr. Cain said questions regarding the sale of
assets should be directed to the receivers.
"It is very early stages at the moment, and I am looking to meet
with the receivers this week to get an update on their progress,"
Stuff quotes Mr. Cain as saying.
A receivers' report for Sacred Hill Family Vineyards published on
Aug. 10 said staff claims totalled NZD290,000, with NZD153,000
being preferential, relating predominantly to outstanding holiday
pay.
Stuff adds that the report said Sacred Hill Family Vineyards was
incorporated in September 1999 and formerly traded as White Cliff
Vineyards until October 2020.
The company operated a wine processing business in Hawke's Bay, the
report said.
David Mason is the sole director and majority owner of the group.
According to Stuff, the report said Mason attributed the failure of
Sacred Hill to a number of factors including inventory levels being
materially overstated in its 2019 accounts, significant debt that
had used the overstated inventory as security, a poor 2021 vintage,
a high US exchange rate and poor financial performance.
When it was discovered stock had been materially overstated, Sacred
Hill Group restructured and separated its Marlborough and Hawke's
Bay operations, with a view to divesting the Hawke's Bay operation
to reduce debt, it said.
Sacred Hill Family Vineyards is 65 per cent owned by Sacred Hill
Winery and 30 per cent owned by Hong Kong company Jebsen Beverage
Company. Antony Bish owns 3 per cent and Richard Foddy owns 2 per
cent. The company was named Whitecliff Vineyards until October.
Sacred Hill Global is owned by Sacred Hill Family Vineyards. David
Mason is the sole director of Sacred Hill Family Vineyards and
Sacred Hill Global. He owns 90 per cent of Sacred Hill Winery.
=================
S I N G A P O R E
=================
ALTURAN PTE: Court to Hear Wind-Up Petition on Aug. 20
------------------------------------------------------
A petition to wind up the operations of Alturan Pte Ltd will be
heard before the High Court of Singapore on Aug. 20, 2021, at 10:00
a.m.
United Overseas Bank Limited filed the petition against the company
on July 30, 2021.
The Petitioner's solicitors are:
Adsan Law LLC
300 Beach Road
#26-00 The Concourse
Singapore 199555
MAZAATT HOLDINGS: Creditors' Proofs of Debt Due on Sept. 5
----------------------------------------------------------
Creditors of Mazaatt Holdings Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Sept. 5,
2021, to be included in the company's dividend distribution.
The company commenced wind-up proceedings on July 30, 2021.
The company's liquidators are:
Mr. Ong Woon Pheng
Mr. Sajjad A. Akhtar
PKF-CAP Advisory Partners Pte Ltd
c/o 6 Shenton Way
#38-01 OUE Downtown 1
Singapore 068809
MINT GROUP: Creditors' Proofs of Debt Due on Sept. 6
----------------------------------------------------
Creditors of The Mint Group Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Sept. 6,
2021, to be included in the company's dividend distribution.
The company commenced wind-up proceedings on July 30, 2021.
The company's liquidators are:
Victor Goh
Khor Boon Hong
C/o Baker Tilly TFW LLP
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778
MSB BEAUTY: Creditors' Meetings Set for Aug. 13
-----------------------------------------------
MSB Beauty Pte Ltd, which is in compulsory liquidation, will hold a
meeting for its creditors on Aug. 13, 2021, at 2:00 a.m.
Agenda of the meeting includes:
a. to receive a status update from the Liquidators;
b. to approve the Liquidators' remuneration and disbursements;
c. subject to the approval of Agenda (b) above, to approve a
First & Final dividend to the creditors; and
d. any other business.
The company's liquidators are:
Victor Goh
Sim Guan Seng
c/o Baker Tilly TFW LLP
600 North Bridge Road
#05-01 Parkview Square
Singapore 188778
SGQ DAYARCOAL: Creditors' Proofs of Debt Due on Sept. 5
-------------------------------------------------------
Creditors of SGQ Dayarcoal Mongolia Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Sept. 5,
2021, to be included in the company's dividend distribution.
The company commenced wind-up proceedings on July 30, 2021.
The company's liquidators are:
Mr. Ong Woon Pheng
Mr. Sajjad A. Akhtar
PKF-CAP Advisory Partners Pte Ltd
c/o 6 Shenton Way
#38-01 OUE Downtown 1
Singapore 068809
SUN ELECTRIC: Court to Hear Wind-Up Petition on Aug. 20
-------------------------------------------------------
A petition to wind up the operations of Sun Electric Pte Ltd will
be heard before the High Court of Singapore on Aug. 20, 2021, at
10:00 a.m.
Sunseap Energy Pte. Ltd filed the petition against the company on
July 30, 2021.
The Petitioner's solicitors are:
Rajah & Tann Singapore LLP
9 Straits View
#06-07 Marina One West Tower
Singapore 018937
=====================
S O U T H K O R E A
=====================
SSANGYONG MOTOR: KCGI Joins Consortium to Acquire Company
---------------------------------------------------------
Yonhap News Agency reports that another homegrown equity fund
renowned for its failed attempt to take over the holding company of
the country's largest airline last year has joined a consortium to
acquire SsangYong Motor Co., the consortium said Aug. 9.
The Korea Corporate Governance Improvement (KCGI) fund came aboard
the consortium that Edison Motors Co. formed with the Keystone
private equity fund and two other financial investors to buy the
debt-ridden carmaker at an upcoming auction, Edison Motors said in
a statement, Yonhap relays.
"We are determined to transform SsangYong into an electric
vehicle-focused carmaker, in line with changes in the automobile
market, if we acquire the carmaker," Yonhap quotes Edison Motors
Chairman Kang Young-kwon as saying during an online press
conference.
SsangYong executives and employees must not stage any strikes and
fully cooperate in improving production efficiency until the
company turns around, he said, adding Edison is the right company
to revive SsangYong as it has expertise in producing electric
commercial vehicles, according to Stuff.
On July 30, nine companies, including the Edison-led consortium,
U.S.-based Cardinal One Motors, and SM Group, whose businesses
range from construction to auto parts manufacturing, submitted
letters of intent to take over SsangYong, Yonhap discloses.
In December, a Seoul court dismissed the injunction filed by the
KCGI against Hanjin KAL's stock sales meant to fund its affiliate
Korean Air Lines Co.'s takeover of smaller rival Asiana Airlines
Inc.
Stuff relates that the KCGI brought the issue to the court a month
earlier, arguing that the share sale to the designated party will
damage the holding firm's shareholder value.
The SUV-focused carmaker and its lead manager EY Hanyoung
accounting firm plan to conduct preliminary due diligence on the
companies that pass an initial screening process by the end of
August. They aim to select a preferred bidder in September.
Analysts said it will take KRW800 billion to KRW1 trillion (US$700
million-$870 million) to take over the debt-laden SsangYong, Yonhap
notes.
About SsangYong Motor
Headquartered in Kyeonggi-Do, South Korea, Ssangyong Motor Co. Ltd.
engages in the manufacture and sale of automobiles. The Company
mainly manufactures and sells recreational vehicles (RVs), sports
utility vehicles (SUVs), multi-purpose vehicles (CDVs) and
passenger cars under the brand name of rexton sports, korando,
korando sports, korando turismo, tivoli, tivoli air and others. The
Company also provides automobile parts. The Company distributes its
products within domestic market and to overseas markets.
Mahindra acquired a 70% stake in SsangYong for KRW523 billion in
2011 and now holds a 74.65% stake in the carmaker.
SsangYong Motor Co. on Dec. 21, 2020, filed for court receivership
as it struggles with snowballing debts amid the COVID-19 pandemic,
according to Yonhap News Agency. The decision comes after SsangYong
Motor failed to pay KRW60 billion (US$54.8 million) worth of debts
to its three creditor banks.
On April 15, 2021, SsangYong Motor Co. was placed under court
receivership as its Indian parent Mahindra & Mahindra Ltd. failed
to attract an investor amid the prolonged COVID-19 pandemic and its
financial status is further worsening.
Under court receivership, SsangYong's survival depends on whether
there will be a new investor to acquire a streamlined SsangYong
after debt settlement and other restructuring efforts, Yonhap
said.
The SUV-focused carmaker has been in the debt-rescheduling process
since April, as its Indian parent Mahindra & Mahindra Ltd. failed
to attract an investor amid the prolonged COVID-19 pandemic and its
worsening financial status.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Aug. 2, 2021 to Aug. 6, 2021
-----------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
ACN 113 874 712 PTY LT 13.25 02/15/18 USD 0.15
ACN 113 874 712 PTY LT 13.25 02/15/18 USD 0.15
CLEAN SEAS SEAFOOD LTD 8.00 11/18/22 AUD 1.01
CLIME CAPITAL LTD/FUND 6.25 11/30/21 AUD 0.97
GLENNON SMALL COS LTD 5.60 09/30/30 AUD 10.50
VIRGIN AUSTRALIA HOLDI 8.08 03/05/24 AUD 7.11
VIRGIN AUSTRALIA HOLDI 8.25 05/30/23 AUD 7.56
VIRGIN AUSTRALIA HOLDI 8.00 11/26/24 AUD 8.22
VIRGIN AUSTRALIA HOLDI 8.13 11/15/24 USD 8.97
VIRGIN AUSTRALIA HOLDI 7.88 10/15/21 USD 9.06
VIRGIN AUSTRALIA HOLDI 7.88 10/15/21 USD 9.11
VIRGIN AUSTRALIA HOLDI 8.13 11/15/24 USD 9.25
CHINA
-----
AKESU DISTRICT GREEN I 4.09 03/11/23 CNY 39.53
AKESU DISTRICT GREEN I 4.09 03/11/23 CNY 40.06
AKESU TEXTILE CITY DEV 7.50 06/21/24 CNY 61.28
AKESU TEXTILE CITY DEV 7.50 06/21/24 CNY 62.31
AKESU XINCHENG ASSET I 6.40 04/20/22 CNY 20.22
AKESU XINCHENG ASSET I 6.40 04/20/22 CNY 20.24
ALTAY PREFECTURE STATE 4.85 01/22/23 CNY 36.00
ALTAY PREFECTURE STATE 4.85 01/22/23 CNY 39.62
AN SHUN YU KUN REAL ES 5.48 11/10/21 CNY 37.90
ANHUI HUAAN FOREIGN EC 7.30 07/13/21 CNY 70.01
ANHUI JIANGNAN INDUSTR 4.76 07/08/23 CNY 39.45
ANHUI JIANGNAN INDUSTR 4.76 07/08/23 CNY 40.01
ANJI NORTHWEST DEVELOP 5.90 07/18/23 CNY 59.98
ANJI NORTHWEST DEVELOP 5.90 07/18/23 CNY 60.31
ANLU CONSTRUCTION DEVE 5.45 06/15/23 CNY 39.74
ANLU CONSTRUCTION DEVE 5.45 06/15/23 CNY 40.03
ANQING ECONOMIC&TECHNO 4.09 03/09/23 CNY 39.42
ANQING ECONOMIC&TECHNO 4.09 03/09/23 CNY 40.18
ANQING URBAN CONSTRUCT 6.01 04/27/22 CNY 20.00
ANQING URBAN CONSTRUCT 6.01 04/27/22 CNY 20.46
ANSHUN CITY CONSTRUCTI 7.30 09/15/24 CNY 70.59
ANSHUN STATE-RUN ASSET 4.48 07/18/23 CNY 55.50
ANSHUN STATE-RUN ASSET 4.48 07/18/23 CNY 57.15
ANSHUN XIXIU CITY INVE 4.70 11/22/23 CNY 54.04
ANSHUN XIXIU CITY INVE 4.70 11/22/23 CNY 59.46
BAOJI INVESTMENT GROUP 5.05 04/18/24 CNY 60.97
BAOTOU CITY SCIENCE ED 6.48 03/25/22 CNY 18.38
BAOYING CITY CONSTRUCT 4.50 03/24/23 CNY 39.59
BAOYING CITY CONSTRUCT 4.50 03/24/23 CNY 40.37
BAYAN ZHUOER HETAO WAT 8.54 03/31/22 CNY 14.71
BAZHONG STATE-OWNED AS 5.13 12/02/22 CNY 39.02
BAZHONG STATE-OWNED AS 5.13 12/02/22 CNY 40.00
BAZHOU GUOHUI CONSTRUC 6.08 06/19/24 CNY 61.09
BAZHOU GUOHUI CONSTRUC 6.08 06/19/24 CNY 61.28
BEIJING FUTURE SCIENCE 4.20 08/13/22 CNY 39.97
BEIJING FUTURE SCIENCE 4.20 08/13/22 CNY 40.20
BEIJING SHIJINGSHAN ST 6.08 08/18/21 CNY 20.07
BEIJING SHIJINGSHAN ST 6.08 08/18/21 CNY 23.87
BEIPIAO CITY CONSTRUCT 6.70 03/25/23 CNY 40.67
BEIPIAO CITY CONSTRUCT 6.70 03/25/23 CNY 40.70
BENGBU URBAN INVESTMEN 5.80 04/13/24 CNY 62.08
BENGBU URBAN INVESTMEN 5.80 04/13/24 CNY 62.12
BIJIE CONSTRUCTION INV 6.50 01/28/22 CNY 19.70
BIJIE CONSTRUCTION INV 6.50 01/28/22 CNY 20.06
BIJIE CONSTRUCTION INV 5.78 07/06/24 CNY 60.42
BIJIE CONSTRUCTION INV 5.78 07/06/24 CNY 60.79
BIJIE DEXI CONSTRUCTIO 5.10 12/05/23 CNY 54.79
BIJIE DEXI CONSTRUCTIO 4.60 11/17/23 CNY 56.98
BIJIE DEXI CONSTRUCTIO 4.60 11/17/23 CNY 59.38
BIJIE DEXI CONSTRUCTIO 5.10 12/05/23 CNY 59.76
BINZHOU ZHANHUA DISTRI 4.93 11/29/23 CNY 58.58
BINZHOU ZHANHUA DISTRI 4.93 11/29/23 CNY 58.71
BINZHOU ZHONGHAI VENTU 6.65 04/13/22 CNY 20.00
BINZHOU ZHONGHAI VENTU 6.65 04/13/22 CNY 20.16
BOHAI LEASING CO LTD 7.00 09/10/21 CNY 46.00
BORALA MONGOL AUTONOMO 5.77 08/26/22 CNY 38.30
BORALA MONGOL AUTONOMO 5.77 08/26/22 CNY 40.31
BOZHOU URBAN CONSTRUCT 4.78 04/14/23 CNY 40.18
BOZHOU URBAN CONSTRUCT 4.78 04/14/23 CNY 40.51
BOZHOU YIJU REAL ESTAT 4.82 10/27/21 CNY 49.89
BOZHOU YIJU REAL ESTAT 4.82 10/27/21 CNY 49.93
BRILLIANCE AUTO GROUP 5.80 03/20/24 CNY 54.80
BRILLIANCE AUTO GROUP 5.40 09/14/23 CNY 55.80
BRILLIANCE AUTO GROUP 6.30 09/14/23 CNY 56.93
BRILLIANCE AUTO GROUP 5.80 11/05/23 CNY 59.80
BRILLIANCE AUTO GROUP 5.80 06/17/24 CNY 60.78
BRILLIANCE AUTO GROUP 5.30 10/23/20 CNY 68.50
BRILLIANCE AUTO GROUP 6.50 01/22/22 CNY 68.50
BRILLIANCE AUTO GROUP 6.50 03/13/22 CNY 68.50
BRILLIANCE AUTO GROUP 6.50 04/18/22 CNY 68.50
BRILLIANCE AUTO GROUP 6.50 06/03/22 CNY 68.50
BRILLIANCE AUTO GROUP 6.30 09/14/23 CNY 68.50
BRILLIANCE AUTO GROUP 5.80 11/05/23 CNY 68.50
CANGNAN COUNTY STATE O 5.58 11/11/22 CNY 40.20
CANGNAN COUNTY STATE O 5.58 11/11/22 CNY 40.51
CEFC SHANGHAI INTERNAT 4.08 09/09/21 CNY 60.00
CEFC SHANGHAI INTERNAT 4.98 12/10/20 CNY 61.29
CHANG DE DING LI INDUS 4.30 03/10/23 CNY 40.08
CHANG DE DING LI INDUS 4.30 03/10/23 CNY 40.11
CHANGCHUN MODERN AGRIC 7.00 07/25/21 CNY 19.50
CHANGCHUN MODERN AGRIC 7.00 07/25/21 CNY 20.00
CHANGDE DE YUAN SHANTY 5.33 09/13/23 CNY 68.23
CHANGDE URBAN CONSTRUC 3.59 01/12/23 CNY 39.91
CHANGDE URBAN CONSTRUC 3.59 01/12/23 CNY 40.00
CHANGGE JINCAI PUBLIC 7.10 04/19/24 CNY 59.02
CHANGGE JINCAI PUBLIC 7.10 04/19/24 CNY 61.89
CHANGJI URBAN CONSTRUC 4.24 11/18/23 CNY 57.18
CHANGJI URBAN CONSTRUC 4.24 11/18/23 CNY 59.66
CHANGLE COUNTY NEWTOWN 5.18 12/16/22 CNY 37.00
CHANGLE COUNTY NEWTOWN 5.18 12/16/22 CNY 40.00
CHANGSHA COUNTY XINGCH 7.90 03/25/22 CNY 25.62
CHANGSHA COUNTY XINGCH 7.90 03/25/22 CNY 25.62
CHANGSHA ECONOMIC & TE 8.45 04/13/22 CNY 15.37
CHANGSHA ECONOMIC & TE 4.78 03/03/24 CNY 60.62
CHANGSHA ECONOMIC & TE 4.78 03/03/24 CNY 61.26
CHANGSHA FURONG CITY D 3.88 01/26/23 CNY 40.27
CHANGSHA FURONG CITY D 3.88 01/26/23 CNY 40.67
CHANGSHA METRO GROUP C 6.20 04/23/23 CNY 31.02
CHANGSHA METRO GROUP C 5.97 04/03/25 CNY 63.11
CHANGSHA METRO GROUP C 5.97 04/03/25 CNY 63.15
CHANGSHA METRO GROUP C 5.40 07/14/25 CNY 70.00
CHANGSHA METRO GROUP C 4.10 12/21/25 CNY 70.86
CHANGSHA METRO GROUP C 4.10 12/21/25 CNY 70.92
CHANGSHA METRO GROUP C 5.40 07/14/25 CNY 72.79
CHANGSHA TIANXIN CITY 4.20 11/06/22 CNY 40.00
CHANGSHA TIANXIN CITY 4.20 11/06/22 CNY 40.05
CHANGSHA TIANXIN CITY 3.43 08/08/23 CNY 59.13
CHANGSHA TIANXIN CITY 3.43 08/08/23 CNY 59.83
CHANGSHA YUHUA JINGKAI 4.17 09/06/23 CNY 59.45
CHANGSHA YUHUA JINGKAI 4.17 09/06/23 CNY 59.71
CHANGSHA YUHUA URBAN C 3.80 01/28/23 CNY 39.98
CHANGSHA YUHUA URBAN C 3.80 01/28/23 CNY 40.11
CHANGSHU BINJIANG URBA 6.39 09/11/21 CNY 20.00
CHANGSHU BINJIANG URBA 6.39 09/11/21 CNY 20.08
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 20.32
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 27.32
CHANGXING URBAN CONSTR 6.00 12/03/21 CNY 19.00
CHANGXING URBAN CONSTR 6.00 12/03/21 CNY 20.21
CHANGZHOU TIANNING CON 6.48 02/12/22 CNY 20.00
CHANGZHOU TIANNING CON 6.48 02/12/22 CNY 20.24
CHANGZHOU XINGANG ECON 3.42 10/20/23 CNY 59.12
CHANGZHOU XINGANG ECON 3.42 10/20/23 CNY 59.83
CHANGZHOU ZHONGLOU ECO 3.64 10/26/23 CNY 59.66
CHANGZHOU ZHONGLOU ECO 3.64 10/26/23 CNY 59.96
CHAOHU URBAN TOWN CONS 6.50 04/30/22 CNY 20.53
CHAOHU URBAN TOWN CONS 6.50 04/30/22 CNY 21.95
CHENGDU GARDEN WATER C 6.15 05/03/23 CNY 39.83
CHENGDU GARDEN WATER C 6.15 05/03/23 CNY 40.38
CHENGDU PIDU DISTRICT 6.95 04/01/22 CNY 20.33
CHENGDU PIDU DISTRICT 6.95 04/01/22 CNY 28.83
CHENGDU SHUZHOU CITY C 6.58 05/26/22 CNY 20.05
CHENGDU SHUZHOU CITY C 6.58 05/26/22 CNY 20.50
CHENGDU XINGCHENGJIAN 6.00 03/20/22 CNY 20.00
CHENGDU XINGCHENGJIAN 6.00 03/20/22 CNY 20.39
CHENGDU XINGJIN ECOLOG 3.65 10/13/23 CNY 58.87
CHENGDU XINGJIN ECOLOG 3.65 10/13/23 CNY 59.96
CHENGDU XINJIN COUNTY 6.40 07/05/24 CNY 58.61
CHENGDU XINJIN COUNTY 6.40 07/05/24 CNY 61.17
CHENGDU XINKAIYUAN URB 7.43 08/12/21 CNY 20.06
CHENGDU XINKAIYUAN URB 7.43 08/12/21 CNY 21.00
CHENGDU XINKAIYUAN URB 5.29 04/27/23 CNY 39.25
CHENGDU XINKAIYUAN URB 5.29 04/27/23 CNY 39.99
CHENZHOU BAIFU INVESTM 6.54 08/28/21 CNY 19.90
CHENZHOU BAIFU INVESTM 6.54 08/28/21 CNY 20.00
CHENZHOU BAIFU INVESTM 4.96 03/22/26 CNY 61.03
CHENZHOU BAIFU INVESTM 4.96 03/22/26 CNY 61.46
CHENZHOU FUCHENG HIGH 4.73 01/22/23 CNY 40.03
CHENZHOU FUCHENG HIGH 4.73 01/22/23 CNY 40.22
CHENZHOU INDUSTRY INVE 6.45 01/23/22 CNY 20.05
CHENZHOU INDUSTRY INVE 6.45 01/23/22 CNY 28.60
CHENZHOU WENLV INDUSTR 5.34 11/28/23 CNY 58.40
CHENZHOU XINTIAN INVES 5.38 03/08/26 CNY 62.40
CHENZHOU XINTIAN INVES 5.38 03/08/26 CNY 65.47
CHIBI LANTIAN URBAN CO 4.38 08/10/23 CNY 59.41
CHIBI LANTIAN URBAN CO 4.38 08/10/23 CNY 59.94
CHINA FORTUNE LAND DEV 7.40 03/24/21 CNY 25.13
CHINA FORTUNE LAND DEV 7.20 04/18/21 CNY 25.13
CHINA FORTUNE LAND DEV 5.60 09/10/21 CNY 25.13
CHINA FORTUNE LAND DEV 5.80 05/23/22 CNY 25.13
CHINA FORTUNE LAND DEV 5.00 05/30/22 CNY 68.15
CHINA HUARONG ASSET MA 4.05 11/14/24 CNY 73.10
CHINA OCEANWIDE HOLDIN 8.90 12/13/21 CNY 48.00
CHINA OCEANWIDE HOLDIN 8.60 09/21/21 CNY 64.50
CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00
CHINA YIXING ENVIRONME 4.08 09/14/23 CNY 59.98
CHINA YIXING ENVIRONME 4.08 09/14/23 CNY 60.04
CHONGQIN BAIYAN INVEST 5.75 05/03/23 CNY 39.98
CHONGQIN BAIYAN INVEST 5.75 05/03/23 CNY 40.20
CHONGQIN XINLIANG INVE 4.76 08/26/23 CNY 37.67
CHONGQIN XINLIANG INVE 4.76 08/26/23 CNY 38.83
CHONGQING BANAN ECONOM 6.17 03/13/22 CNY 19.90
CHONGQING BANAN ECONOM 7.00 08/20/21 CNY 20.00
CHONGQING BANAN ECONOM 7.00 08/20/21 CNY 20.04
CHONGQING BANAN ECONOM 6.17 03/13/22 CNY 20.19
CHONGQING BAYUAN CONST 4.99 08/16/23 CNY 59.55
CHONGQING BISHAN DISTR 4.93 03/29/23 CNY 40.11
CHONGQING BISHAN DISTR 4.93 03/29/23 CNY 40.34
CHONGQING CHANGSHOU EC 7.20 07/15/21 CNY 20.00
CHONGQING CHANGSHOU EC 7.20 07/15/21 CNY 20.17
CHONGQING DAZU INDUSTR 6.30 04/28/22 CNY 20.00
CHONGQING DAZU INDUSTR 6.30 04/28/22 CNY 20.13
CHONGQING ECO&TECH DEV 3.95 04/13/23 CNY 39.90
CHONGQING ECO&TECH DEV 3.95 04/13/23 CNY 39.94
CHONGQING FULING TRAFF 6.68 02/03/22 CNY 20.00
CHONGQING FULING TRAFF 6.68 02/03/22 CNY 20.23
CHONGQING HECHUAN CITY 3.95 09/06/23 CNY 59.63
CHONGQING HECHUAN CITY 3.95 09/06/23 CNY 59.64
CHONGQING JIANGBEIZUI 6.50 07/21/21 CNY 20.04
CHONGQING JIN TONG IND 4.44 11/16/23 CNY 56.36
CHONGQING JIN TONG IND 4.44 11/16/23 CNY 59.06
CHONGQING JINYUN ASSET 4.50 12/31/22 CNY 40.09
CHONGQING JINYUN ASSET 4.50 12/31/22 CNY 40.15
CHONGQING JIULONG HI-T 6.60 08/19/21 CNY 20.06
CHONGQING JIULONG HI-T 6.60 08/19/21 CNY 20.26
CHONGQING KAIQIAN INVE 4.64 03/21/23 CNY 38.19
CHONGQING KAIQIAN INVE 4.64 03/21/23 CNY 39.66
CHONGQING LAND PROPERT 3.36 03/21/23 CNY 40.05
CHONGQING LAND PROPERT 3.36 03/21/23 CNY 40.10
CHONGQING LIANGJIANG N 5.88 09/16/21 CNY 20.09
CHONGQING LIANGJIANG N 3.10 08/05/21 CNY 40.00
CHONGQING LIANGJIANG N 3.10 08/05/21 CNY 40.00
CHONGQING MAIRUI URBAN 4.95 04/21/23 CNY 40.19
CHONGQING MAIRUI URBAN 4.95 04/21/23 CNY 40.21
CHONGQING NANCHUAN CIT 4.20 07/11/23 CNY 39.73
CHONGQING NANCHUAN CIT 4.20 07/11/23 CNY 39.74
CHONGQING QIJIANG EAST 4.00 09/05/23 CNY 58.28
CHONGQING QIJIANG EAST 4.00 09/05/23 CNY 59.11
CHONGQING SHUANGQIAO E 5.99 11/19/21 CNY 20.10
CHONGQING SHUANGQIAO E 5.99 11/19/21 CNY 26.25
CHONGQING TONGLIANG JI 6.59 04/08/22 CNY 20.00
CHONGQING TONGLIANG JI 6.59 04/08/22 CNY 20.26
CHONGQING TONGNAN DIST 4.99 12/31/22 CNY 39.51
CHONGQING TONGNAN DIST 4.99 12/31/22 CNY 40.00
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 20.03
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 25.00
CHONGQING WANSHENG ECO 5.40 11/18/21 CNY 39.91
CHONGQING WANZHOU SANX 4.95 08/25/22 CNY 40.24
CHONGQING WANZHOU SANX 4.95 08/25/22 CNY 40.80
CHONGQING WULONG DISTR 6.80 09/21/24 CNY 75.00
CHONGQING XINGRONG HOL 4.86 03/31/23 CNY 38.50
CHONGQING XINGRONG HOL 4.86 03/31/23 CNY 39.61
CHONGQING XIYONG MICRO 6.58 07/25/21 CNY 20.02
CHONGQING XIYONG MICRO 6.58 07/25/21 CNY 22.33
CHONGQING YUELAI INVES 6.09 04/29/22 CNY 20.00
CHONGQING YUELAI INVES 6.09 04/29/22 CNY 20.36
CHUN'AN XINANJIANG DEV 6.10 03/11/22 CNY 20.24
CHUN'AN XINANJIANG DEV 6.10 03/11/22 CNY 24.55
CHUN'AN XINANJIANG DEV 3.84 11/04/23 CNY 58.92
CHUN'AN XINANJIANG DEV 3.84 11/04/23 CNY 59.13
CHUZHOU CITY INVESTMEN 6.40 08/22/21 CNY 20.01
CHUZHOU CITY INVESTMEN 6.40 08/22/21 CNY 20.07
CHUZHOU CITY INVESTMEN 6.30 11/30/21 CNY 30.37
CHUZHOU CITY INVESTMEN 6.30 11/30/21 CNY 30.40
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 18.25
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 20.05
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 28.80
CIXI STATE OWNED ASSET 4.90 04/07/24 CNY 60.76
CIXI STATE OWNED ASSET 4.90 04/07/24 CNY 63.13
DAFANG COUNTY CONSTRUC 6.00 09/26/23 CNY 57.90
DAFANG COUNTY CONSTRUC 6.00 09/26/23 CNY 60.41
DALI HAIDONG DEVELOPME 6.01 01/25/23 CNY 39.50
DALI HAIDONG DEVELOPME 6.01 01/25/23 CNY 39.82
DALIAN RONGDA INVESTME 5.69 12/05/21 CNY 20.13
DALIAN SHITAI CITY CON 4.50 02/01/23 CNY 37.09
DALIAN SHITAI CITY CON 4.50 02/01/23 CNY 39.85
DANGTU COUNTY CONSTRUC 5.38 08/10/22 CNY 40.43
DANGYANG XINYUAN INVES 4.97 03/29/23 CNY 39.66
DANGYANG XINYUAN INVES 4.97 03/29/23 CNY 40.16
DANYANG HI-TECH INDUST 6.40 04/24/22 CNY 19.83
DANYANG HI-TECH INDUST 6.40 04/24/22 CNY 20.00
DANYANG INVESTMENT GRO 3.99 01/25/23 CNY 39.70
DATONG ECONOMIC CONSTR 4.49 10/22/22 CNY 39.95
DAWA COUNTY CITY CONST 6.29 06/12/22 CNY 19.56
DAYE ZHENHENG CITY DEV 4.50 03/28/23 CNY 39.13
DAYE ZHENHENG CITY DEV 4.50 03/28/23 CNY 39.62
DAYE ZHENHENG CITY DEV 4.05 08/31/23 CNY 58.34
DAYE ZHENHENG CITY DEV 4.05 08/31/23 CNY 58.46
DAZHOU DEVELOPMENT HOL 6.55 01/14/22 CNY 20.00
DAZHOU DEVELOPMENT HOL 6.55 01/14/22 CNY 20.13
DAZHOU DEVELOPMENT HOL 5.10 11/27/22 CNY 40.00
DAZHOU DEVELOPMENT HOL 5.10 11/27/22 CNY 40.06
DEHONGZHOU HONGKANG IN 6.68 01/23/22 CNY 20.12
DEHONGZHOU HONGKANG IN 6.68 01/23/22 CNY 20.14
DEQING CONSTRUCTION IN 3.60 11/11/23 CNY 59.50
DEQING CONSTRUCTION IN 3.60 11/11/23 CNY 59.86
DEXING INVESTMENT HOLD 5.99 03/21/23 CNY 39.85
DEXING INVESTMENT HOLD 5.99 03/21/23 CNY 40.00
DONGLING GROUP INC CO 8.00 07/14/22 CNY 40.00
DONGLING GROUP INC CO 8.00 07/14/22 CNY 40.52
DONGTAI STATE-OWNED AS 3.04 11/16/23 CNY 58.42
DONGYING CITY URBAN AS 5.57 03/31/22 CNY 20.22
DONGYING CITY URBAN AS 5.57 03/31/22 CNY 20.33
DONGZHI COUNTY CITY OP 4.88 06/20/23 CNY 40.37
DONGZHI COUNTY CITY OP 4.88 06/20/23 CNY 40.38
DUJIANGYAN NEW CITY CO 6.90 10/19/24 CNY 71.50
DUJIANGYAN XINGYAN INV 6.10 03/12/22 CNY 19.00
DUJIANGYAN XINGYAN INV 6.10 03/12/22 CNY 19.47
DUNYUN STATE-OWNED ASS 6.60 12/28/22 CNY 39.74
ENSHI URBAN CONSTRUCTI 3.84 11/01/23 CNY 59.40
ENSHI URBAN CONSTRUCTI 3.84 11/01/23 CNY 59.48
EZHOU CITY CONSTRUCTIO 6.68 09/19/21 CNY 20.15
EZHOU CITY CONSTRUCTIO 6.68 09/19/21 CNY 20.53
FEICHENG CITY ASSETS M 4.04 03/23/23 CNY 39.44
FEICHENG CITY ASSETS M 4.04 03/23/23 CNY 39.74
FEIXI COUNTY URBAN & R 4.45 06/03/23 CNY 39.80
FEIXI COUNTY URBAN & R 4.45 06/03/23 CNY 41.24
FENG COUNTY ECONOMIC D 5.18 06/21/23 CNY 38.10
FENG COUNTY ECONOMIC D 5.18 06/21/23 CNY 39.89
FENGCHENG CITY CONSTRU 6.49 02/10/22 CNY 20.23
FENGCHENG CITY CONSTRU 6.49 02/10/22 CNY 20.34
FENGCHENG CITY MODERN 5.76 12/17/22 CNY 39.60
FENGCHENG CITY MODERN 5.76 12/17/22 CNY 40.00
FENGDU COUNTY STATE-OW 6.38 09/05/24 CNY 60.00
FENGHUANG MINGCHENG CO 6.50 03/23/24 CNY 61.05
FENGHUANG MINGCHENG CO 6.50 03/23/24 CNY 61.06
FENGTAI HUAXING CITY D 5.60 03/13/24 CNY 61.39
FENGTAI HUAXING CITY D 5.60 03/13/24 CNY 61.45
FENGXIAN URBAN INVESTM 4.23 07/13/21 CNY 20.00
FENGXIAN URBAN INVESTM 4.23 07/13/21 CNY 20.00
FENGXIAN URBAN INVESTM 6.48 03/20/22 CNY 20.00
FENGXIAN URBAN INVESTM 6.48 03/20/22 CNY 20.13
FENYI CITY CONSTRUCTIO 4.54 08/22/23 CNY 58.65
FENYI CITY CONSTRUCTIO 4.54 08/22/23 CNY 59.52
FUJIAN FUSHENG GROUP C 7.90 11/19/21 CNY 60.00
FUJIAN FUSHENG GROUP C 7.90 12/17/21 CNY 70.99
FUJIAN JINJIANG URBAN 3.35 08/24/23 CNY 59.70
FUJIAN JINJIANG URBAN 3.35 08/24/23 CNY 60.06
FUJIAN PROVINCE LIANJI 6.29 04/30/22 CNY 20.00
FUJIAN PROVINCE LIANJI 6.29 04/30/22 CNY 20.33
FUJIAN ZHANGLONG GROUP 4.99 08/07/22 CNY 40.00
FUJIAN ZHANGLONG GROUP 4.99 08/07/22 CNY 40.44
FUNING URBAN INVESTMEN 7.19 08/15/21 CNY 20.05
FUNING URBAN INVESTMEN 7.19 08/15/21 CNY 21.15
FUNING URBAN INVESTMEN 6.00 03/14/24 CNY 61.19
FUNING URBAN INVESTMEN 6.00 03/14/24 CNY 61.23
FUQING CITY STATE-OWNE 5.94 11/26/22 CNY 40.09
FUXIN INFRASTRUCTURE C 6.18 03/18/22 CNY 19.77
FUZHOU CHANGLE DISTRIC 4.50 04/11/23 CNY 39.59
FUZHOU CHANGLE DISTRIC 4.50 04/11/23 CNY 40.01
FUZHOU DEVELOPMENT ZON 3.53 08/25/23 CNY 59.65
FUZHOU DEVELOPMENT ZON 3.53 08/25/23 CNY 59.73
FUZHOU DONGXIANG INVES 6.20 03/20/24 CNY 59.14
FUZHOU DONGXIANG INVES 6.20 03/20/24 CNY 61.90
FUZHOU LINCHUAN URBAN 5.68 07/05/23 CNY 40.02
FUZHOU LINCHUAN URBAN 5.68 07/05/23 CNY 40.08
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 20.00
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 20.19
FUZHOU URBAN AND RURAL 4.89 07/08/22 CNY 20.35
FUZHOU URBAN AND RURAL 4.89 07/08/22 CNY 20.55
GANSU PROVINCIAL HIGHW 6.58 09/24/22 CNY 71.50
GANSU PROVINCIAL HIGHW 6.20 03/28/23 CNY 72.12
GANZHOU CITY DEVELOPME 5.50 06/16/22 CNY 20.00
GANZHOU CITY DEVELOPME 5.50 06/16/22 CNY 20.44
GANZHOU DEVELOPMENT IN 8.10 12/11/23 CNY 63.56
GAOMI STATE-OWNED ASSE 4.69 01/26/23 CNY 39.89
GAOMI STATE-OWNED ASSE 4.69 01/26/23 CNY 40.11
GAOYOU CITY CONSTRUCTI 5.48 09/15/22 CNY 40.00
GAOYOU CITY CONSTRUCTI 5.48 09/15/22 CNY 40.31
GAOYOU CITY ECONOMY DE 3.65 09/02/23 CNY 59.72
GAOYOU CITY ECONOMY DE 3.65 09/02/23 CNY 60.00
GONG'AN COUNTY CITY CO 4.30 08/30/23 CNY 59.28
GONG'AN COUNTY CITY CO 4.30 08/30/23 CNY 59.28
GONGQINGCHENG FINANCIA 5.85 03/25/23 CNY 40.26
GONGQINGCHENG FINANCIA 5.85 03/25/23 CNY 40.27
GUANGAN DEVELOPMENT AN 6.39 03/24/22 CNY 20.39
GUANGAN DEVELOPMENT AN 6.39 03/24/22 CNY 24.00
GUANGAN ECONOMIC & TEC 7.10 09/22/21 CNY 20.07
GUANGAN ECONOMIC & TEC 7.10 09/22/21 CNY 20.07
GUANGAN ECONOMIC & TEC 5.16 04/14/23 CNY 39.94
GUANGAN ECONOMIC & TEC 5.16 04/14/23 CNY 40.00
GUANGAN TRANSPORTATION 5.39 12/01/23 CNY 59.84
GUANGDONG HUIZHOU COMM 4.16 05/17/23 CNY 40.48
GUANGDONG HUIZHOU COMM 4.16 05/17/23 CNY 40.49
GUANGDONG HUIZHOU COMM 4.95 12/27/23 CNY 61.40
GUANGDONG HUIZHOU COMM 4.95 12/27/23 CNY 61.48
GUANGRAO COUNTY ECONOM 3.61 09/08/23 CNY 60.01
GUANGSHUI CITY DEVELOP 6.19 03/01/24 CNY 61.37
GUANGSHUI CITY DEVELOP 6.19 03/01/24 CNY 61.37
GUANGXI LAIBIN INDUSTR 5.97 11/26/21 CNY 20.00
GUANGXI LAIBIN INDUSTR 5.97 11/26/21 CNY 20.04
GUANGYUAN YUANQU CONST 8.35 08/26/21 CNY 20.08
GUANGYUAN YUANQU CONST 8.35 08/26/21 CNY 27.00
GUANGYUAN YUANQU CONST 4.48 03/10/23 CNY 38.85
GUANGYUAN YUANQU CONST 4.48 03/10/23 CNY 39.43
GUANGZHOU HUANTOU NANS 6.38 11/18/24 CNY 60.97
GUANGZHOU HUANTOU NANS 6.38 11/18/24 CNY 61.36
GUANGZHOU METRO GROUP 6.45 04/02/24 CNY 45.00
GUANGZHOU METRO GROUP 6.05 06/03/24 CNY 46.46
GUANGZHOU METRO GROUP 6.45 04/02/24 CNY 46.63
GUCHENG CONSTRUCTION I 7.88 04/27/25 CNY 75.00
GUILIN ECONOMIC CONSTR 5.60 04/22/22 CNY 20.00
GUILIN ECONOMIC CONSTR 5.60 04/22/22 CNY 20.32
GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50
GUIXI STATE OWNED HOLD 4.18 08/18/23 CNY 59.41
GUIXI STATE OWNED HOLD 4.18 08/18/23 CNY 59.48
GUIYANG BAIYUN INDUSTR 7.30 03/27/22 CNY 20.14
GUIYANG BAIYUN INDUSTR 7.30 03/27/22 CNY 25.00
GUIYANG BAIYUN URBAN C 4.75 09/13/26 CNY 71.31
GUIYANG BAIYUN URBAN C 4.75 09/13/26 CNY 72.66
GUIYANG CITY CONSTRUCT 4.37 03/25/26 CNY 66.50
GUIYANG CITY CONSTRUCT 4.37 03/25/26 CNY 66.68
GUIYANG CITY CONSTRUCT 4.00 11/14/26 CNY 74.61
GUIYANG CITY CONSTRUCT 4.00 11/14/26 CNY 74.63
GUIYANG GUANCHENG INDU 7.50 12/25/22 CNY 71.39
GUIYANG GUANSHANHU DIS 4.87 01/28/23 CNY 38.62
GUIYANG GUANSHANHU DIS 4.48 03/09/23 CNY 38.89
GUIYANG GUANSHANHU DIS 4.48 03/09/23 CNY 39.58
GUIYANG GUANSHANHU DIS 4.87 01/28/23 CNY 39.79
GUIYANG GUANSHANHU DIS 6.49 06/22/24 CNY 58.53
GUIYANG GUANSHANHU DIS 6.49 06/22/24 CNY 58.69
GUIYANG URBAN CONSTRUC 5.23 12/02/22 CNY 39.70
GUIYANG URBAN CONSTRUC 5.23 12/02/22 CNY 39.84
GUIZHOU EAST LAKE CITY 5.18 01/06/23 CNY 38.88
GUIZHOU EAST LAKE CITY 5.18 01/06/23 CNY 39.98
GUIZHOU FANJINGSHAN IN 6.95 01/28/22 CNY 19.82
GUIZHOU GUIAN CONSTRUC 4.17 10/28/22 CNY 40.08
GUIZHOU GUIAN CONSTRUC 4.17 10/28/22 CNY 41.00
GUIZHOU GUILONG INDUST 7.80 04/28/22 CNY 25.45
GUIZHOU GUILONG INDUST 7.80 04/28/22 CNY 25.49
GUIZHOU HONGCAI INVEST 6.00 06/07/23 CNY 28.92
GUIZHOU HONGCAI INVEST 6.00 06/07/23 CNY 29.14
GUIZHOU KAILI KAIYUAN 7.30 05/26/24 CNY 58.31
GUIZHOU KAILI KAIYUAN 7.30 05/26/24 CNY 62.03
GUIZHOU LIUPANSHUI PAN 7.30 07/24/24 CNY 60.95
GUIZHOU RAILWAY INVEST 7.20 03/27/22 CNY 20.36
GUIZHOU RAILWAY INVEST 7.50 04/23/24 CNY 47.53
GUIZHOU SHUICHENG CITY 4.98 11/22/23 CNY 55.02
GUIZHOU SHUICHENG CITY 4.98 11/22/23 CNY 59.78
GUIZHOU SHUICHENG ECON 7.50 10/26/25 CNY 59.50
GUIZHOU XINDONGGUAN CI 7.70 09/05/24 CNY 67.00
GULIN STATE-OWNED ASSE 4.18 08/04/23 CNY 59.10
GULIN STATE-OWNED ASSE 4.18 08/04/23 CNY 59.25
HAIAN DEVELOPMENT ZONE 4.47 11/16/23 CNY 58.88
HAIAN DEVELOPMENT ZONE 4.47 11/16/23 CNY 59.31
HAIAN ECONOMIC TECHNOL 5.45 04/13/23 CNY 40.03
HAIAN ECONOMIC TECHNOL 5.45 04/13/23 CNY 40.32
HAIAN URBAN DEMOLITION 5.08 11/27/22 CNY 40.22
HAIAN URBAN DEMOLITION 5.08 11/27/22 CNY 40.88
HAICHENG URBAN JINCAI 5.37 08/10/23 CNY 60.21
HAIFENG MARINE INFRAST 6.84 04/29/22 CNY 20.26
HAIKOU MEILAN INTERNAT 5.25 09/06/19 USD 17.15
HAINAN AIRLINES HOLDIN 6.20 05/24/21 CNY 51.00
HAINING CITY DEVELOPME 5.58 10/22/21 CNY 20.10
HAINING CITY DEVELOPME 5.58 10/22/21 CNY 20.70
HAIYAN COUNTY STATE-OW 5.80 06/12/24 CNY 61.10
HAMI JIANHUI STATE-OWN 3.90 09/21/23 CNY 58.99
HAMI JIANHUI STATE-OWN 3.90 09/21/23 CNY 59.67
HANCHENG CITY INVESTME 4.69 12/05/23 CNY 57.11
HANCHENG CITY INVESTME 4.69 12/05/23 CNY 57.65
HANCHUAN CITY HANRONG 4.25 07/18/23 CNY 59.39
HANCHUAN CITY HANRONG 4.25 07/18/23 CNY 59.71
HANDAN CONSTRUCTION & 5.48 05/27/22 CNY 20.26
HANDAN CONSTRUCTION & 5.48 05/27/22 CNY 27.20
HANGZHOU CANAL COMPREH 3.40 10/17/23 CNY 58.95
HANGZHOU CANAL COMPREH 3.40 10/17/23 CNY 60.10
HANGZHOU CITY CONSTRUC 3.80 03/14/23 CNY 40.00
HANGZHOU CITY CONSTRUC 3.80 03/14/23 CNY 40.01
HANGZHOU FUYANG DEVELO 4.76 01/27/23 CNY 39.87
HANGZHOU FUYANG DEVELO 4.76 01/27/23 CNY 40.42
HANGZHOU GONGSHU DISTR 6.90 07/21/21 CNY 20.02
HANGZHOU GONGSHU DISTR 6.90 07/21/21 CNY 20.13
HANGZHOU METRO GROUP C 5.97 09/17/24 CNY 63.64
HANGZHOU WEST LAKE INV 4.30 04/25/23 CNY 40.37
HANGZHOU WEST LAKE INV 4.30 04/25/23 CNY 40.59
HANGZHOU XIAOSHAN QIAN 4.00 03/22/23 CNY 40.14
HANGZHOU XIAOSHAN QIAN 4.00 03/22/23 CNY 40.35
HANJIANG STATE-OWNED-A 5.40 04/21/24 CNY 61.64
HANJIANG STATE-OWNED-A 5.40 04/21/24 CNY 61.92
HAWTAI MOTOR GROUP LTD 6.10 10/26/21 CNY 74.00
HEBEI ZHONGYUE CITY CO 4.10 11/16/21 CNY 19.92
HEBEI ZHONGYUE CITY CO 4.10 11/16/21 CNY 19.95
HEBI INVESTMENTS GROUP 7.88 08/01/21 CNY 20.03
HEBI INVESTMENTS GROUP 7.88 08/01/21 CNY 20.99
HECHI CITY CONSTRUCTIO 5.58 11/13/22 CNY 36.00
HECHI CITY CONSTRUCTIO 5.58 11/13/22 CNY 39.28
HECHI STATE-OWNED CAPI 4.37 11/04/23 CNY 58.47
HECHI STATE-OWNED CAPI 4.37 11/04/23 CNY 58.96
HEFEI CONSTRUCTION INV 7.20 04/29/24 CNY 48.79
HEFEI XINCHENG STATE-O 4.13 07/15/23 CNY 59.38
HEFEI XINCHENG STATE-O 4.13 07/15/23 CNY 59.89
HEILONGJIANG HECHENG C 7.05 06/21/22 CNY 15.26
HEILONGJIANG HECHENG C 5.60 11/11/21 CNY 20.03
HEISHAN TONGHE ASSET M 6.79 09/18/22 CNY 39.28
HEISHAN TONGHE ASSET M 6.79 09/18/22 CNY 39.55
HENGDONG URBAN & RURAL 6.60 12/27/23 CNY 60.90
HENGDONG URBAN & RURAL 6.60 12/27/23 CNY 60.97
HENGYANG BAISHAZHOU DE 6.87 08/22/21 CNY 20.05
HENGYANG BAISHAZHOU DE 6.87 08/22/21 CNY 24.50
HENGYANG COMMUNICATION 4.28 01/21/23 CNY 39.72
HENGYANG COMMUNICATION 4.28 01/21/23 CNY 40.00
HESHAN PUBLIC ASSET MA 4.08 09/28/23 CNY 58.85
HESHAN PUBLIC ASSET MA 4.08 09/28/23 CNY 59.44
HESHAN PUBLIC ASSET MA 5.08 12/07/23 CNY 60.19
HESHAN PUBLIC ASSET MA 5.08 12/07/23 CNY 60.24
HETIAN YUXIN STATE-OWN 4.65 03/28/23 CNY 39.12
HETIAN YUXIN STATE-OWN 4.65 03/28/23 CNY 39.55
HEYUAN CITY RUNYE INVE 6.20 12/03/21 CNY 20.20
HEYUAN CITY RUNYE INVE 6.20 12/03/21 CNY 25.88
HNA GROUP CO LTD 5.99 11/27/22 CNY 29.10
HNA GROUP CO LTD 7.10 04/15/20 CNY 70.00
HONGHEZHOU DEVELOPMENT 5.90 07/12/24 CNY 61.97
HUACHEN ENERGY CO LTD 6.63 05/18/20 USD 43.82
HUAIAN CITY HUAIAN DIS 4.63 05/03/23 CNY 40.00
HUAIAN CITY HUAIAN DIS 4.63 05/03/23 CNY 40.53
HUAIAN CITY URBAN ASSE 5.70 04/23/22 CNY 20.40
HUAIAN CITY URBAN ASSE 5.70 04/23/22 CNY 21.54
HUAIAN CITY XUYI URBAN 5.10 04/15/23 CNY 39.95
HUAIAN CITY XUYI URBAN 5.10 04/15/23 CNY 40.08
HUAIAN HONGRI TRANSPOR 5.09 04/20/23 CNY 38.69
HUAIAN HONGRI TRANSPOR 5.09 04/20/23 CNY 38.77
HUAIAN HONGZE DISTRICT 4.37 07/18/23 CNY 59.40
HUAIAN HONGZE DISTRICT 4.37 07/18/23 CNY 59.41
HUAI'AN NEW CITY INVES 6.95 07/28/21 CNY 20.01
HUAI'AN NEW CITY INVES 6.95 07/28/21 CNY 27.50
HUAIHUA CITY CONSTRUCT 4.18 08/31/23 CNY 57.32
HUAIHUA CITY CONSTRUCT 4.18 08/31/23 CNY 57.67
HUAIHUA ECONOMIC DEVEL 6.80 03/26/22 CNY 20.00
HUAIHUA ECONOMIC DEVEL 6.80 03/26/22 CNY 20.18
HUAIHUA TRANSPORTATION 4.96 04/12/23 CNY 38.87
HUAIHUA TRANSPORTATION 4.96 04/12/23 CNY 39.81
HUANGGANG CITY CONSTRU 4.08 01/18/23 CNY 40.17
HUANGGANG CITY CONSTRU 4.08 01/18/23 CNY 40.20
HUANGSHAN CHENGTOU GRO 5.95 05/06/22 CNY 20.33
HUANGSHAN CHENGTOU GRO 5.95 05/06/22 CNY 20.65
HUANGSHI CIHU HIGH-TEC 4.97 06/08/23 CNY 39.92
HUANGSHI CIHU HIGH-TEC 4.97 06/08/23 CNY 40.10
HUANGSHI CIHU HIGH-TEC 4.50 06/08/23 CNY 40.22
HUANGSHI CIHU HIGH-TEC 4.50 06/08/23 CNY 43.00
HUANGSHI URBAN CONSTRU 5.99 04/29/22 CNY 20.00
HUANGSHI URBAN CONSTRU 5.99 04/29/22 CNY 20.42
HUANGSHI ZHONGBANG CIT 5.95 06/02/24 CNY 61.96
HUANGSHI ZHONGBANG CIT 5.95 06/02/24 CNY 63.00
HUBEI PROVINCE CHANGJI 6.15 04/03/22 CNY 20.32
HUBEI PROVINCE CHANGJI 6.15 04/03/22 CNY 22.40
HUBEI SONGZI JINSONG I 6.60 06/21/24 CNY 60.84
HUBEI SONGZI JINSONG I 6.60 06/21/24 CNY 61.56
HULUDAO INVESTMENT GRO 7.50 10/18/23 CNY 45.78
HULUNBEIER INVESTMENT 6.31 04/30/22 CNY 19.50
HULUNBEIER INVESTMENT 6.31 04/30/22 CNY 19.60
HUNAN CHUZHISHENG HOLD 5.60 12/18/22 CNY 39.74
HUNAN CHUZHISHENG HOLD 5.60 12/18/22 CNY 40.55
HUNAN JINYANG INVESTME 5.70 11/27/21 CNY 18.60
HUNAN JINYANG INVESTME 5.70 11/27/21 CNY 20.16
HUNAN JINYANG INVESTME 4.37 01/19/23 CNY 39.67
HUNAN JINYANG INVESTME 4.37 01/19/23 CNY 39.71
HUNAN JINYANG INVESTME 4.39 04/06/23 CNY 39.85
HUNAN JINYANG INVESTME 4.39 04/06/23 CNY 40.05
HUNAN JINYANG NEW CITY 4.43 10/23/22 CNY 40.12
HUNAN LINGANG DEVELOPM 3.94 10/26/23 CNY 58.35
HUNAN LINGANG DEVELOPM 4.24 07/21/23 CNY 58.60
HUNAN LINGANG DEVELOPM 4.24 07/21/23 CNY 58.88
HUNAN LINGANG DEVELOPM 3.94 10/26/23 CNY 59.04
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 19.53
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 27.00
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 37.72
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 38.07
HUNAN PROVINCIAL RAILW 6.09 04/30/25 CNY 60.00
HUNAN PROVINCIAL RAILW 6.09 04/30/25 CNY 61.76
HUNAN SENTE INDUSTRIAL 6.90 11/28/24 CNY 40.00
HUNAN SHAODONG ECO-IND 6.58 12/13/23 CNY 61.01
HUNAN SHAODONG ECO-IND 6.58 12/13/23 CNY 61.34
HUNAN TIER GROUP CO LT 4.20 03/17/23 CNY 38.49
HUNAN TIER GROUP CO LT 4.20 03/17/23 CNY 39.30
HUNAN YOUZHOU INVESTME 4.80 07/07/23 CNY 39.76
HUNAN YOUZHOU INVESTME 4.80 07/07/23 CNY 39.77
HUZHOU URBAN CONSTRUCT 6.48 08/28/21 CNY 20.11
HUZHOU URBAN CONSTRUCT 6.48 08/28/21 CNY 22.38
INNER MONGOLIA JINLONG 7.30 11/19/22 CNY 39.50
INNER MONGOLIA JINLONG 7.30 11/19/22 CNY 40.44
INNER MONGOLIA KE'ERQI 6.50 03/11/22 CNY 19.40
INNER MONGOLIA KE'ERQI 6.50 03/11/22 CNY 20.00
INNER MONGOLIA KE'ERQI 6.45 04/30/22 CNY 20.00
INNER MONGOLIA KE'ERQI 6.45 04/30/22 CNY 20.00
INNER MONGOLIA SHENGXI 8.18 08/21/21 CNY 20.06
INNER MONGOLIA SHENGXI 8.18 08/21/21 CNY 24.00
INNER MONGOLIA ZHUNGEE 6.54 12/31/21 CNY 20.30
INNER MONGOLIA ZHUNGEE 6.54 12/31/21 CNY 22.10
JIAHE ZHUDU DEVELOPMEN 6.50 05/25/24 CNY 61.41
JIAHE ZHUDU DEVELOPMEN 6.50 05/25/24 CNY 61.42
JIAN CITY JINGANGSHAN 4.87 01/27/23 CNY 39.30
JIAN CITY JINGANGSHAN 4.87 01/27/23 CNY 39.84
JIANAN INVESTMENT HOLD 4.30 03/08/23 CNY 39.89
JIANAN INVESTMENT HOLD 4.30 03/08/23 CNY 40.34
JIANAN INVESTMENT HOLD 3.50 09/05/23 CNY 59.40
JIANAN INVESTMENT HOLD 3.85 09/05/23 CNY 59.53
JIANAN INVESTMENT HOLD 3.50 09/05/23 CNY 59.85
JIANAN INVESTMENT HOLD 3.85 09/05/23 CNY 60.07
JIANGMEN NEW HI-TECH I 6.03 04/22/22 CNY 20.35
JIANGMEN NEW HI-TECH I 6.03 04/22/22 CNY 20.41
JIANGSU BEIGU INDUSTRI 5.80 06/20/23 CNY 40.22
JIANGSU BEIGU INDUSTRI 5.80 06/20/23 CNY 40.36
JIANGSU DAHANG LINGANG 5.18 09/22/23 CNY 59.45
JIANGSU DAHANG LINGANG 5.18 09/22/23 CNY 59.58
JIANGSU GAOCHUN ECONOM 3.67 09/23/23 CNY 59.39
JIANGSU GAOCHUN ECONOM 3.92 11/23/23 CNY 59.40
JIANGSU GAOCHUN ECONOM 3.67 09/23/23 CNY 59.42
JIANGSU GAOCHUN ECONOM 3.92 11/23/23 CNY 59.77
JIANGSU GAOCHUN ECONOM 5.66 06/26/24 CNY 60.93
JIANGSU GAOCHUN ECONOM 5.66 06/26/24 CNY 61.18
JIANGSU HAIRUN CITY DE 6.22 04/03/22 CNY 20.32
JIANGSU HAIRUN CITY DE 6.22 04/03/22 CNY 22.20
JIANGSU HAIZHOU DEVELO 4.67 06/06/23 CNY 40.13
JIANGSU HAIZHOU DEVELO 4.67 06/06/23 CNY 40.29
JIANGSU HANRUI INVESTM 4.63 04/15/23 CNY 39.95
JIANGSU HANRUI INVESTM 4.63 04/15/23 CNY 40.51
JIANGSU HANRUI INVESTM 5.00 08/31/23 CNY 58.06
JIANGSU HANRUI INVESTM 5.00 08/31/23 CNY 58.17
JIANGSU JINTAN GUOFA I 4.60 08/22/23 CNY 59.38
JIANGSU JINTAN GUOFA I 4.60 08/22/23 CNY 59.51
JIANGSU RUNCHENG ASSET 5.65 04/19/24 CNY 60.67
JIANGSU RUNCHENG ASSET 5.65 04/19/24 CNY 62.65
JIANGSU RUNQI WANGUO I 4.14 10/21/21 CNY 29.74
JIANGSU RUNQI WANGUO I 4.14 10/21/21 CNY 29.97
JIANGSU WUZHONG ECONOM 5.49 11/19/21 CNY 20.18
JIANGSU WUZHONG ECONOM 5.49 11/19/21 CNY 20.32
JIANGSU XISHAN ECONOMI 5.78 07/20/22 CNY 40.34
JIANGSU XISHAN ECONOMI 5.78 07/20/22 CNY 40.50
JIANGSU YANGKOU PORT C 6.23 04/10/22 CNY 20.17
JIANGSU YANGKOU PORT C 6.23 04/10/22 CNY 27.50
JIANGSU YINGZHOU DEVEL 4.33 09/21/23 CNY 58.33
JIANGSU YINGZHOU DEVEL 4.33 09/21/23 CNY 59.04
JIANGSU ZHANGJIAGANG E 3.95 03/22/23 CNY 40.00
JIANGSU ZHANGJIAGANG E 3.95 03/22/23 CNY 40.26
JIANGSU ZHONGAN CONSTR 5.65 03/24/24 CNY 61.85
JIANGSU ZHONGAN CONSTR 5.65 03/24/24 CNY 62.40
JIANGSU ZHUFU INDUSTRI 4.47 07/20/23 CNY 58.40
JIANGSU ZHUFU INDUSTRI 4.47 07/20/23 CNY 58.91
JIANGXI HEJI INVESTMEN 5.09 12/17/22 CNY 39.66
JIANGXI HEJI INVESTMEN 5.09 12/17/22 CNY 40.00
JIANGXI HUIHENG PROPER 4.43 08/30/21 CNY 29.80
JIANGXI HUIHENG PROPER 4.43 08/30/21 CNY 40.02
JIANGXI LONGHU MOUNTAI 4.35 03/16/23 CNY 39.59
JIANGXI LONGHU MOUNTAI 4.35 03/16/23 CNY 39.68
JIANGXI PINGXIANG CHAN 6.00 08/11/24 CNY 60.00
JIANGYOU HONGFEI INVES 6.55 09/02/22 CNY 39.92
JIANGYOU HONGFEI INVES 6.55 09/02/22 CNY 40.31
JIANHU COUNTY DEVELOPM 7.29 09/25/21 CNY 20.06
JIANHU COUNTY DEVELOPM 7.29 09/25/21 CNY 22.75
JIANHU URBAN CONSTRUCT 6.30 06/01/22 CNY 19.92
JIANHU URBAN CONSTRUCT 6.30 06/01/22 CNY 22.86
JIANHU URBAN CONSTRUCT 3.28 10/13/21 CNY 39.94
JIANHU URBAN CONSTRUCT 3.28 10/13/21 CNY 41.00
JIANLI FENGYUAN CITY I 6.78 04/28/24 CNY 61.66
JIANLI FENGYUAN CITY I 6.78 04/28/24 CNY 61.67
JIANYANG DEVELOPMENT H 3.93 11/10/23 CNY 57.96
JIANYANG DEVELOPMENT H 3.93 11/10/23 CNY 58.85
JIANYANG MODERN INDUST 6.00 04/24/24 CNY 60.03
JIANYANG MODERN INDUST 6.00 04/24/24 CNY 60.03
JIAXING XIANGJIADANG D 3.87 09/21/23 CNY 58.96
JIAXING XIANGJIADANG D 4.13 07/20/23 CNY 59.46
JIAXING XIANGJIADANG D 3.87 09/21/23 CNY 59.48
JIAXING XIANGJIADANG D 4.13 07/20/23 CNY 60.31
JIAYU COUNTY URBAN TOW 5.70 01/19/23 CNY 39.96
JIAYU COUNTY URBAN TOW 5.70 01/19/23 CNY 40.16
JIAYU COUNTY URBAN TOW 5.70 03/23/24 CNY 60.45
JIAYU COUNTY URBAN TOW 5.70 03/23/24 CNY 60.45
JIAYU COUNTY URBAN TOW 6.50 01/19/24 CNY 60.98
JIAYU COUNTY URBAN TOW 6.50 01/19/24 CNY 61.08
JIAYUGUAN CITY INFRAST 7.83 09/23/21 CNY 20.00
JIAYUGUAN CITY INFRAST 7.83 09/23/21 CNY 20.03
JIEYANG CITY INVESTMEN 6.55 08/27/21 CNY 20.12
JIEYANG CITY INVESTMEN 6.55 08/27/21 CNY 20.17
JILIN CITY CONSTRUCTIO 3.80 01/27/23 CNY 37.00
JILIN CITY CONSTRUCTIO 3.80 01/27/23 CNY 39.57
JILIN ECONOMIC AND TEC 6.20 04/29/23 CNY 40.11
JILIN ECONOMIC AND TEC 6.20 04/29/23 CNY 40.23
JINAN CITY LICHENG DIS 5.00 06/23/22 CNY 19.96
JINAN CITY LICHENG DIS 5.00 06/23/22 CNY 20.29
JINCHANG CONSTRUCTION 6.79 12/21/22 CNY 20.00
JINCHANG CONSTRUCTION 6.79 12/21/22 CNY 40.49
JINCHENG STATE-OWNED C 4.99 11/11/21 CNY 20.06
JINCHENG STATE-OWNED C 4.99 11/11/21 CNY 20.10
JINGDEZHEN CERAMIC CUL 5.38 11/27/22 CNY 40.00
JINGDEZHEN CERAMIC CUL 5.38 11/27/22 CNY 40.27
JINGJIANG CITY INVESTM 4.55 03/30/23 CNY 39.50
JINGJIANG CITY INVESTM 4.55 03/30/23 CNY 39.80
JINGJIANG HARBOUR GROU 7.30 08/05/21 CNY 20.02
JINGJIANG HARBOUR GROU 7.30 08/05/21 CNY 20.16
JINGMEN CITY CONSTRUCT 6.85 07/09/22 CNY 15.00
JINGMEN CITY CONSTRUCT 6.85 07/09/22 CNY 15.39
JINGMEN HIGH-TECH DEVE 5.48 08/11/22 CNY 39.80
JINGMEN HIGH-TECH DEVE 5.48 08/11/22 CNY 40.21
JINGMEN HIGH-TECH DEVE 4.15 07/28/23 CNY 59.37
JINGMEN HIGH-TECH DEVE 4.15 07/28/23 CNY 59.56
JINGSHAN JINGCHENG INV 4.38 08/29/23 CNY 59.02
JINGSHAN JINGCHENG INV 4.38 08/29/23 CNY 60.17
JINGZHOU URBAN CONSTRU 3.97 03/10/23 CNY 39.60
JINGZHOU URBAN CONSTRU 3.97 03/10/23 CNY 39.94
JINHU COUNTY STATE-OWN 7.75 08/25/21 CNY 20.09
JINHU COUNTY STATE-OWN 7.75 08/25/21 CNY 21.33
JINHU COUNTY STATE-OWN 4.00 07/26/22 CNY 49.73
JINHU COUNTY STATE-OWN 4.00 07/26/22 CNY 49.95
JINING CITY SHIZHONG D 6.39 01/29/22 CNY 19.98
JINING CITY SHIZHONG D 6.39 01/29/22 CNY 24.44
JINING CITY SHIZHONG D 3.52 09/14/23 CNY 59.61
JINING HIGH TECH URBAN 6.09 04/30/22 CNY 20.30
JINING HIGH TECH URBAN 6.09 04/30/22 CNY 21.50
JINING HIGH TECH URBAN 5.88 04/25/23 CNY 71.59
JINSHA COUNTY CONSTRUC 6.01 09/05/23 CNY 60.18
JINSHA COUNTY CONSTRUC 6.01 09/05/23 CNY 60.19
JINTANG MODERN AGRICUL 5.49 07/14/23 CNY 59.91
JINTANG MODERN AGRICUL 5.49 07/14/23 CNY 60.01
JINZHAI URBAN DEVELOPM 5.90 04/25/23 CNY 40.89
JINZHAI URBAN DEVELOPM 5.90 04/25/23 CNY 40.90
JINZHOU CITY INVESTMEN 6.44 08/18/21 CNY 20.05
JINZHOU CITY INVESTMEN 6.44 08/18/21 CNY 24.91
JISHOU HUATAI STATE OW 7.18 02/09/22 CNY 19.98
JISHOU HUATAI STATE OW 7.18 02/09/22 CNY 22.82
JISHOU HUATAI STATE OW 6.50 06/21/24 CNY 62.50
JISHOU HUATAI STATE OW 6.50 06/21/24 CNY 62.53
JIUJIANG CITY CONSTRUC 5.50 05/22/22 CNY 19.55
JIUJIANG CITY CONSTRUC 5.50 05/22/22 CNY 20.25
JIUJIANG LAND INVESTME 6.20 03/23/22 CNY 20.36
JIUJIANG LAND INVESTME 6.20 03/23/22 CNY 20.40
JIUJIANG LIANXI DISTRI 4.58 03/30/23 CNY 39.66
JIUJIANG LIANXI DISTRI 4.58 03/30/23 CNY 39.90
JIXI STATE OWN ASSET M 6.87 01/19/22 CNY 19.91
JIXI STATE OWN ASSET M 6.87 01/19/22 CNY 20.85
KAIFENG URBAN OPERATIO 6.35 03/23/22 CNY 20.13
KAIFENG URBAN OPERATIO 6.35 03/23/22 CNY 20.13
KAIFU CITY DEVELOPMENT 4.20 01/21/23 CNY 39.85
KAIFU CITY DEVELOPMENT 4.20 01/21/23 CNY 40.14
KAIFU CITY DEVELOPMENT 3.73 08/22/23 CNY 59.48
KAIFU CITY DEVELOPMENT 3.73 08/22/23 CNY 59.77
KAILI GUIZHOU TOWN CON 5.29 12/17/22 CNY 38.99
KAILI GUIZHOU TOWN CON 5.29 12/17/22 CNY 40.00
KAILI GUIZHOU TOWN CON 4.20 10/13/23 CNY 56.00
KAILI GUIZHOU TOWN CON 4.20 10/13/23 CNY 57.21
KANGMEI PHARMACEUTICAL 6.28 03/20/21 CNY 20.50
KANGMEI PHARMACEUTICAL 6.10 03/28/21 CNY 20.50
KANGMEI PHARMACEUTICAL 5.50 04/20/21 CNY 20.50
KANGMEI PHARMACEUTICAL 7.00 06/21/21 CNY 20.50
KANGMEI PHARMACEUTICAL 6.80 06/28/21 CNY 20.50
KANGMEI PHARMACEUTICAL 5.20 07/17/22 CNY 20.50
KANGMEI PHARMACEUTICAL 5.29 08/16/22 CNY 20.50
KANGMEI PHARMACEUTICAL 5.47 09/15/22 CNY 20.50
KANGMEI PHARMACEUTICAL 6.33 01/27/22 CNY 36.69
KASHI URBAN CONSTRUCTI 5.80 07/20/22 CNY 40.00
KASHI URBAN CONSTRUCTI 5.80 07/20/22 CNY 40.28
KUNMING DONGJUN REAL E 4.50 11/02/21 CNY 24.85
LANZHOU STATE OWNED AS 6.32 09/10/21 CNY 14.90
LANZHOU STATE OWNED AS 6.32 09/10/21 CNY 19.97
LAOHEKOU CITY CONSTRUC 6.75 08/12/22 CNY 40.24
LAOHEKOU CITY CONSTRUC 6.75 08/12/22 CNY 40.30
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 20.49
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 20.50
LEPING STATE-OWNED ASS 3.70 10/20/23 CNY 59.19
LEPING STATE-OWNED ASS 3.70 10/20/23 CNY 59.31
LEQING CITY STATE OWNE 5.99 10/20/21 CNY 20.16
LEQING CITY STATE OWNE 5.99 10/20/21 CNY 20.85
LESHAN STATE-OWNED ASS 5.68 10/22/21 CNY 20.00
LESHAN STATE-OWNED ASS 5.68 10/22/21 CNY 20.15
LIANYUNGANG TRANSPORT 5.47 11/17/21 CNY 20.16
LIANYUNGANG TRANSPORT 5.47 11/17/21 CNY 25.00
LIAOCHENG ANTAI URBAN 5.16 04/11/23 CNY 39.39
LIAOCHENG ANTAI URBAN 4.58 04/11/23 CNY 39.60
LIAOCHENG ANTAI URBAN 5.16 04/11/23 CNY 39.85
LIAOCHENG ANTAI URBAN 4.58 04/11/23 CNY 39.94
LIAOCHENG XINGYE HOLDI 5.20 04/13/23 CNY 39.20
LIAOCHENG XINGYE HOLDI 5.20 04/13/23 CNY 39.95
LIAONING GUANLONG CONS 4.70 11/10/23 CNY 57.91
LIAONING GUANLONG CONS 4.70 11/10/23 CNY 59.45
LIAONING YAODU DEVELOP 6.50 04/29/23 CNY 40.66
LILING HIGH-TECH INDUS 4.93 01/19/23 CNY 39.78
LILING HIGH-TECH INDUS 4.93 01/19/23 CNY 39.81
LINFEN YAODU DISTRICT 7.19 03/13/22 CNY 20.22
LINYI CITY DEVELOPMENT 3.85 11/22/23 CNY 58.95
LINYI CITY DEVELOPMENT 3.85 11/22/23 CNY 60.10
LISHUI CITY CULTURAL T 5.67 08/13/22 CNY 40.35
LISHUI CITY CULTURAL T 5.67 08/13/22 CNY 40.85
LIUPANSHUI CITY TRAFFI 5.98 05/02/24 CNY 58.50
LIUPANSHUI CITY TRAFFI 5.98 05/02/24 CNY 60.82
LIUPANSHUI DEVELOPMENT 3.74 01/20/23 CNY 39.70
LIUPANSHUI DEVELOPMENT 3.74 01/20/23 CNY 39.87
LIUPANSHUI MINSHENG IN 5.08 01/29/23 CNY 37.98
LIUPANSHUI MINSHENG IN 5.08 01/29/23 CNY 39.88
LIUYANG MODERN MANUFAC 4.72 01/19/23 CNY 39.74
LIUYANG MODERN MANUFAC 4.72 01/19/23 CNY 39.77
LIUYANG MODERN MANUFAC 5.75 05/02/24 CNY 61.02
LIUYANG MODERN MANUFAC 5.75 05/02/24 CNY 61.64
LIUYANG URBAN CONSTRUC 6.98 08/22/21 CNY 20.10
LIUYANG URBAN CONSTRUC 6.98 08/22/21 CNY 20.25
LIUYANG URBAN CONSTRUC 4.45 05/24/23 CNY 39.79
LIUYANG URBAN CONSTRUC 4.45 05/24/23 CNY 40.49
LIUZHOU CITY INVESTMEN 7.18 12/31/22 CNY 29.00
LIUZHOU CITY INVESTMEN 7.18 12/31/22 CNY 30.00
LIUZHOU DONGTONG INVES 4.45 07/22/23 CNY 57.85
LIUZHOU DONGTONG INVES 4.45 07/22/23 CNY 57.95
LIUZHOU INVESTMENT HOL 4.28 03/08/23 CNY 38.81
LIUZHOU INVESTMENT HOL 4.28 03/08/23 CNY 39.89
LIUZHOU LONGJIAN INVES 8.28 04/30/24 CNY 44.00
LIUZHOU LONGJIAN INVES 8.28 04/30/24 CNY 46.26
LIYANG KUNLUN URBAN CO 5.90 10/24/21 CNY 18.00
LIYANG KUNLUN URBAN CO 5.90 10/24/21 CNY 20.10
LONGHAI STATE-OWNED AS 6.58 08/15/21 CNY 20.02
LONGYAN RAILWAY CONSTR 4.98 04/13/23 CNY 39.81
LONGYAN RAILWAY CONSTR 4.98 04/13/23 CNY 40.23
LOUDI TIDU INVESTMENT 7.18 08/27/21 CNY 20.00
LOUDI TIDU INVESTMENT 7.18 08/27/21 CNY 20.05
LOUDI TIDU INVESTMENT 4.83 01/20/23 CNY 39.66
LOUDI TIDU INVESTMENT 4.83 01/20/23 CNY 39.79
LOUDI WANBAO NEW DISTR 5.13 02/01/23 CNY 39.26
LOUDI WANBAO NEW DISTR 5.13 02/01/23 CNY 39.98
LOUDI WANBAO NEW DISTR 4.42 08/01/23 CNY 58.43
LOUDI WANBAO NEW DISTR 4.42 08/01/23 CNY 59.40
LUJIANG CITY CONSTRUCT 6.70 04/16/22 CNY 20.00
LUJIANG CITY CONSTRUCT 6.70 04/16/22 CNY 20.49
LUOYANG CITY COUNTRY C 4.28 04/26/23 CNY 39.78
LUOYANG CITY DEVELOPME 4.47 12/02/22 CNY 40.00
LUOYANG CITY DEVELOPME 4.47 12/02/22 CNY 40.27
LUZHOU FUYANG INVESTME 5.00 08/11/23 CNY 59.86
LUZHOU FUYANG INVESTME 5.00 08/11/23 CNY 59.87
LUZHOU XINGLU INVESTME 6.41 04/23/25 CNY 60.00
LUZHOU XINGLU INVESTME 6.41 04/23/25 CNY 63.40
LUZHOU XINGYANG INVEST 4.87 01/28/23 CNY 39.50
LUZHOU XINGYANG INVEST 4.87 01/28/23 CNY 39.64
MA'ANSHAN CIHU HIGH TE 6.85 09/09/21 CNY 20.07
MA'ANSHAN CIHU HIGH TE 6.85 09/09/21 CNY 23.00
MA'ANSHAN CIHU HIGH TE 3.90 11/28/23 CNY 59.08
MA'ANSHAN CIHU HIGH TE 3.90 11/28/23 CNY 60.40
MAANSHAN ECONOMIC TECH 6.49 03/06/22 CNY 20.22
MAANSHAN ECONOMIC TECH 6.49 03/06/22 CNY 24.99
MAANSHAN HUASHAN DISTR 6.07 04/20/22 CNY 20.12
MAANSHAN HUASHAN DISTR 6.07 04/20/22 CNY 20.45
MAANSHAN NINGBO INVEST 7.50 04/18/26 CNY 40.00
MAANSHAN SOUTHERN INDU 4.53 07/25/23 CNY 58.85
MAANSHAN SOUTHERN INDU 4.43 09/02/23 CNY 59.17
MAANSHAN SOUTHERN INDU 4.43 09/02/23 CNY 59.38
MAANSHAN SOUTHERN INDU 4.53 07/25/23 CNY 59.96
MEISHAN CITY DONGPO DE 5.90 06/30/23 CNY 38.69
MEISHAN CITY DONGPO DE 5.90 06/30/23 CNY 38.95
MEISHAN HONGDA CONSTRU 4.18 03/28/23 CNY 39.28
MEISHAN HONGDA CONSTRU 4.18 03/28/23 CNY 39.52
MEIZHOU CITY XIN JIN Y 6.02 04/22/22 CNY 20.33
MEIZHOU CITY XIN JIN Y 6.02 04/22/22 CNY 25.32
MEIZHOU MEI COUNTY DIS 5.00 12/30/22 CNY 39.78
MEIZHOU MEI COUNTY DIS 5.00 12/30/22 CNY 40.00
MUDANJIANG AREA URBAN 6.48 06/30/22 CNY 20.18
MUDANJIANG AREA URBAN 6.48 06/30/22 CNY 25.00
MUNICIPALITY OF SHENZH 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZH 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZH 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZH 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZH 3.37 03/29/26 CNY 70.20
MUNICIPALITY OF SHENZH 3.37 03/29/26 CNY 75.00
MUNICIPALITY OF SHENZH 3.37 03/29/26 CNY 75.00
NANCHANG ECONOMY TECHN 3.83 09/22/23 CNY 59.49
NANCHANG ECONOMY TECHN 3.83 09/22/23 CNY 60.23
NANCHONG AIRPORT INVES 6.80 01/26/22 CNY 19.58
NANCHONG AIRPORT INVES 6.80 01/26/22 CNY 20.15
NANCHONG JIALING DEVEL 7.80 12/12/24 CNY 75.00
NANJING BAIXIA STATE-O 3.98 03/29/23 CNY 40.18
NANJING BAIXIA STATE-O 3.98 03/29/23 CNY 40.35
NANJING HEXI NEW TOWN 3.20 07/22/21 CNY 40.02
NANJING JIANGNING ECON 7.94 04/14/24 CNY 48.20
NANJING JIANGNING URBA 3.48 11/11/23 CNY 59.40
NANJING JIANGNING URBA 3.48 11/11/23 CNY 59.67
NANJING JIANYE SCIENCE 4.37 06/24/23 CNY 40.25
NANJING JIANYE SCIENCE 4.37 06/24/23 CNY 40.38
NANJING LISHUI ECONOMI 6.27 09/22/21 CNY 20.04
NANJING LISHUI ECONOMI 6.27 09/22/21 CNY 21.29
NANJING LISHUI ECONOMI 3.41 11/09/23 CNY 59.52
NANJING LISHUI URBAN C 4.97 04/28/23 CNY 39.88
NANJING LISHUI URBAN C 4.97 04/28/23 CNY 39.88
NANJING METRO GROUP CO 3.29 08/29/23 CNY 59.98
NANJING QIXIA STATE-OW 4.10 06/24/23 CNY 39.71
NANJING QIXIA STATE-OW 4.10 06/24/23 CNY 40.41
NANJING STATE OWNED AS 5.60 03/06/23 CNY 30.48
NANNING HI-TECH INDUST 4.28 03/25/23 CNY 35.20
NANNING HI-TECH INDUST 4.28 03/25/23 CNY 39.89
NANNING HI-TECH INDUST 3.82 10/20/23 CNY 58.86
NANNING HI-TECH INDUST 3.82 10/20/23 CNY 59.08
NANPING CITY WUYI NEW 4.96 09/28/22 CNY 40.20
NANPING CITY WUYI NEW 4.96 09/28/22 CNY 40.30
NANTONG CHONGCHUAN URB 5.70 07/21/22 CNY 70.00
NANTONG CHONGCHUAN URB 5.70 07/21/22 CNY 70.84
NANTONG CITY TONGZHOU 3.75 07/07/23 CNY 39.86
NANTONG CITY TONGZHOU 3.75 07/07/23 CNY 40.00
NANTONG CITY TONGZHOU 4.88 04/10/24 CNY 60.90
NANTONG CITY XINGCHUAN 3.80 09/06/21 CNY 40.03
NANTONG CITY XINGCHUAN 3.80 09/06/21 CNY 40.04
NANTONG HIGH TECHNOLOG 5.00 10/19/22 CNY 40.19
NANTONG HIGH TECHNOLOG 5.00 10/19/22 CNY 41.52
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 20.00
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 20.36
NANYANG HIGH-TECH DIST 6.45 04/29/23 CNY 39.72
NANYANG HIGH-TECH DIST 6.45 04/29/23 CNY 40.64
NANZHANG COUNTY CONSTR 6.00 01/20/24 CNY 60.70
NANZHANG COUNTY CONSTR 6.00 01/20/24 CNY 61.05
NEIJIANG CITY XINGYUAN 4.28 08/16/23 CNY 59.08
NEIJIANG CITY XINGYUAN 4.28 08/16/23 CNY 59.26
NEIJIANG STATE-OWNED A 6.20 04/12/23 CNY 39.52
NEIJIANG STATE-OWNED A 6.20 04/12/23 CNY 40.39
NEIJINAG CONSTRUCTION 5.03 12/25/22 CNY 36.36
NEIJINAG CONSTRUCTION 5.03 12/25/22 CNY 39.20
NEOGLORY HOLDING GROUP 8.00 10/22/20 CNY 56.00
NEOGLORY HOLDING GROUP 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROUP 8.10 11/23/18 CNY 72.00
NINGBO CITY ZHENHAI IN 5.85 12/04/21 CNY 20.11
NINGBO CITY ZHENHAI IN 5.85 12/04/21 CNY 20.16
NINGBO FENGHUA INVESTM 4.58 03/28/22 CNY 50.12
NINGBO FENGHUA INVESTM 4.58 03/28/22 CNY 50.39
NINGBO MEISHAN ISLAND 6.27 03/23/22 CNY 20.21
NINGBO MEISHAN ISLAND 6.27 03/23/22 CNY 28.29
NINGXIA SHENG YAN INDU 7.50 09/27/23 CNY 42.45
NINGXIANG CITY CONSTRU 6.70 01/20/22 CNY 20.20
NINGXIANG CITY CONSTRU 6.70 01/20/22 CNY 20.20
NINGXIANG CITY CONSTRU 6.00 06/02/26 CNY 71.92
NINGXIANG CITY CONSTRU 6.00 06/02/26 CNY 72.67
NINGXIANG ECONOMIC TEC 3.87 01/27/23 CNY 39.92
NINGXIANG ECONOMIC TEC 3.87 01/27/23 CNY 40.00
NINGXIANG STATE-OWNED 4.89 06/03/23 CNY 39.71
NINGXIANG STATE-OWNED 4.89 06/03/23 CNY 39.78
NINGXIANG STATE-OWNED 3.88 11/02/23 CNY 59.07
NINGXIANG STATE-OWNED 3.88 11/02/23 CNY 59.13
ONE BELT ONE ROAD JIAN 4.70 07/15/23 CNY 60.42
ONE BELT ONE ROAD JIAN 4.70 07/15/23 CNY 60.43
PANJIN WATER GROUP CO 5.18 10/28/23 CNY 55.46
PANJIN WATER GROUP CO 5.18 10/28/23 CNY 59.94
PANSHAN COUNTY STATE-O 7.48 01/21/22 CNY 20.20
PANSHAN COUNTY STATE-O 7.48 01/21/22 CNY 20.21
PANZHIHUA STATE OWNED 8.18 03/13/22 CNY 20.40
PANZHIHUA STATE OWNED 8.18 03/13/22 CNY 20.45
PEIXIAN CITY INVESTMEN 5.20 11/10/22 CNY 40.00
PEIXIAN CITY INVESTMEN 5.20 11/10/22 CNY 40.13
PEKING UNIVERSITY FOUN 6.20 05/31/20 CNY 11.00
PEKING UNIVERSITY FOUN 6.15 07/23/20 CNY 11.00
PEKING UNIVERSITY FOUN 6.30 09/12/20 CNY 11.00
PEKING UNIVERSITY FOUN 4.80 07/26/21 CNY 11.00
PEKING UNIVERSITY FOUN 6.10 08/22/21 CNY 11.00
PEKING UNIVERSITY FOUN 5.99 11/02/21 CNY 11.00
PEKING UNIVERSITY FOUN 5.80 01/28/22 CNY 11.00
PEKING UNIVERSITY FOUN 6.68 08/09/23 CNY 11.00
PEKING UNIVERSITY FOUN 6.50 11/16/23 CNY 11.00
PEKING UNIVERSITY FOUN 6.30 03/04/24 CNY 11.00
PENGZHOU STATE-PENGZHO 3.95 10/20/23 CNY 57.51
PENGZHOU STATE-PENGZHO 3.95 10/20/23 CNY 58.92
PINGHU CITY INVESTMENT 5.13 04/29/23 CNY 40.39
PINGHU CITY INVESTMENT 5.13 04/29/23 CNY 40.66
PINGJIANG COUNTY WATER 6.64 06/27/26 CNY 70.05
PINGLIANG CULTURAL & T 6.85 11/30/22 CNY 36.00
PINGLIANG CULTURAL & T 6.85 11/30/22 CNY 40.49
PINGTAN COMPREHENSIVE 3.92 01/29/23 CNY 40.60
PINGXIANG CHANGXING IN 5.26 04/11/23 CNY 39.41
PINGXIANG CHANGXING IN 5.26 04/11/23 CNY 40.28
PINGXIANG HUIFENG INVE 6.60 01/26/22 CNY 19.92
PINGXIANG HUIFENG INVE 6.60 01/26/22 CNY 20.54
PINGYANG STATE-OWNED A 4.97 01/08/23 CNY 40.00
PINGYANG STATE-OWNED A 4.97 01/08/23 CNY 40.43
PIZHOU CITY HENGRUN IN 6.46 12/05/21 CNY 20.19
PIZHOU CITY HENGRUN IN 6.46 12/05/21 CNY 22.46
PIZHOU ECONOMIC DEVELO 5.00 10/29/22 CNY 39.54
PIZHOU ECONOMIC DEVELO 5.00 10/29/22 CNY 40.00
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 25.13
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 25.16
QIANAN URBAN CONSTRUCT 7.19 08/11/21 CNY 20.00
QIANAN URBAN CONSTRUCT 7.19 08/11/21 CNY 20.04
QIANAN XINGYUAN WATER 6.25 04/22/22 CNY 20.30
QIANAN XINGYUAN WATER 6.25 04/22/22 CNY 20.40
QIANDONGNAN TRANSPORTA 5.79 12/21/22 CNY 38.28
QIANDONGNANZHOU KAIHON 5.30 09/22/26 CNY 65.69
QIANDONGNANZHOU KAIHON 5.30 09/22/26 CNY 70.56
QIANJIANG URBAN CONSTR 5.19 12/21/22 CNY 39.81
QIANJIANG URBAN CONSTR 5.19 12/21/22 CNY 40.00
QIANNAN AUTONOMOUS PRE 6.99 04/19/24 CNY 58.60
QIANNAN AUTONOMOUS PRE 6.99 04/19/24 CNY 59.30
QIANNAN AUTONOMOUS PRE 6.98 07/06/24 CNY 61.96
QIANNAN AUTONOMOUS PRE 6.98 07/06/24 CNY 61.97
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 18.89
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 19.02
QIANNANZHOU INVESTMENT 6.77 07/28/24 CNY 69.79
QIANXINAN AUTONOMOUS R 5.90 06/22/23 CNY 39.47
QIANXINAN AUTONOMOUS R 5.90 06/22/23 CNY 40.25
QICHUN COUNTY CONSTRUC 4.96 10/18/23 CNY 58.30
QICHUN COUNTY CONSTRUC 4.96 10/18/23 CNY 59.16
QIDONG COMMUNICATIONS 4.00 03/18/23 CNY 39.97
QIDONG COMMUNICATIONS 4.00 03/18/23 CNY 40.00
QIDONG STATE-OWNED ASS 7.30 11/20/22 CNY 30.70
QIDONG STATE-OWNED ASS 7.30 11/20/22 CNY 30.95
QIDONG STATE-OWNED ASS 4.00 03/09/23 CNY 40.24
QIDONG STATE-OWNED ASS 4.00 03/09/23 CNY 40.28
QIHE CITY OPERATION CO 5.10 03/07/23 CNY 39.82
QIHE CITY OPERATION CO 5.10 03/07/23 CNY 39.87
QINGDAO CHANGYANG INVE 3.73 09/12/23 CNY 58.89
QINGDAO CHANGYANG INVE 3.73 09/12/23 CNY 59.59
QINGDAO CONSON DEVELOP 6.40 12/12/22 CNY 30.71
QINGDAO CONSON DEVELOP 6.40 12/12/22 CNY 31.05
QINGDAO JIAOZHOU BAY D 6.33 09/18/21 CNY 20.11
QINGDAO JIAOZHOU BAY D 6.33 09/18/21 CNY 21.30
QINGDAO JIMO CITY TOUR 5.47 11/17/21 CNY 20.08
QINGDAO JIMO CITY TOUR 5.47 11/17/21 CNY 20.25
QINGDAO JIMO CITY TOUR 5.35 07/10/24 CNY 61.85
QINGDAO OCEAN INVESTME 4.36 05/12/23 CNY 40.19
QINGDAO OCEAN INVESTME 4.36 05/12/23 CNY 40.39
QINGDAO WEST COAST DEV 4.26 06/06/23 CNY 39.56
QINGDAO WEST COAST DEV 4.26 06/06/23 CNY 40.12
QINGHAI PROVINCIAL INV 7.25 02/22/20 USD 28.11
QINGHAI PROVINCIAL INV 7.88 03/22/21 USD 30.26
QINGHAI PROVINCIAL INV 6.40 07/10/21 USD 33.44
QINGHAI STATE-OWNED AS 5.40 05/21/23 CNY 50.90
QINGHAI STATE-OWNED AS 5.90 12/17/22 CNY 53.10
QINGHAI STATE-OWNED AS 6.38 08/14/28 CNY 55.00
QINGHAI STATE-OWNED AS 7.20 11/25/28 CNY 55.00
QINGHAI STATE-OWNED AS 6.70 10/10/29 CNY 55.00
QINHUANGDAO CITY DEVEL 4.69 04/14/23 CNY 39.68
QINHUANGDAO CITY DEVEL 4.69 04/14/23 CNY 40.48
QINHUANGDAO DEVELOPMEN 4.07 08/26/23 CNY 58.51
QINHUANGDAO DEVELOPMEN 4.07 08/26/23 CNY 59.16
QIONGLAI CITY CONSTRUC 6.98 03/25/22 CNY 20.22
QIONGLAI CITY CONSTRUC 6.98 03/25/22 CNY 20.80
QUANJIAO URBAN INFRAST 5.10 05/18/23 CNY 39.92
QUANJIAO URBAN INFRAST 5.10 05/18/23 CNY 39.92
QUJING CITY QILIN DIST 5.37 11/26/22 CNY 39.97
QUJING CITY QILIN DIST 5.37 11/26/22 CNY 41.95
QUJING ECO TECH DEVELO 7.48 07/21/21 CNY 19.92
QUJING ECO TECH DEVELO 7.48 07/21/21 CNY 20.01
QUJING ECO TECH DEVELO 5.75 06/01/23 CNY 39.24
QUJING ECO TECH DEVELO 5.75 06/01/23 CNY 40.19
RENHUAI CITY DEVELOPME 5.12 04/14/23 CNY 38.80
RENHUAI CITY DEVELOPME 5.12 04/14/23 CNY 38.80
RENQIU CONSTRUCTION IN 5.68 11/18/22 CNY 40.30
RENQIU CONSTRUCTION IN 5.68 11/18/22 CNY 40.82
RENSHOU DEVELOPMENT OF 6.42 12/22/22 CNY 38.00
RENSHOU DEVELOPMENT OF 6.42 12/22/22 CNY 39.76
REWARD SCIENCE AND TEC 5.53 07/05/21 CNY 29.10
REWARD SCIENCE AND TEC 6.40 03/03/22 CNY 70.00
RIGHT WAY REAL ESTATE 8.00 07/15/21 CNY 43.89
RIZHAO CITY CONSTRUCTI 3.98 12/07/22 CNY 39.93
RUCHENG COUNTY URBAN C 5.69 02/23/24 CNY 71.73
RUCHENG COUNTY URBAN C 5.69 02/23/24 CNY 71.74
RUDONG COUNTY JINXIN T 3.80 07/26/23 CNY 59.78
RUDONG COUNTY JINXIN T 4.57 07/26/23 CNY 59.81
RUDONG COUNTY JINXIN T 3.80 07/26/23 CNY 60.01
RUDONG COUNTY JINXIN T 4.57 07/26/23 CNY 60.31
RUDONG COUNTY KAITAI C 4.57 01/08/23 CNY 40.26
RUDONG NEW WORLD INVES 4.37 07/18/23 CNY 59.25
RUDONG NEW WORLD INVES 4.37 07/18/23 CNY 59.46
RUGAO COMMUNICATIONS C 3.74 03/23/23 CNY 39.82
RUGAO COMMUNICATIONS C 3.74 03/23/23 CNY 40.14
RUGAO ECONOMIC & TRADE 3.95 03/24/23 CNY 39.77
RUGAO ECONOMIC & TRADE 3.95 03/24/23 CNY 39.78
RUIAN STATE OWNED ASSE 4.56 01/27/23 CNY 39.73
RUIAN STATE OWNED ASSE 4.56 01/27/23 CNY 40.53
RUICHANG CITY INVESTME 5.50 06/17/23 CNY 39.59
RUICHANG CITY INVESTME 5.68 03/25/23 CNY 39.71
RUICHANG CITY INVESTME 5.50 06/17/23 CNY 40.18
RUICHANG CITY INVESTME 5.68 03/25/23 CNY 40.21
RUIJIN URBAN DEVELOPME 4.13 09/06/23 CNY 59.12
RUIJIN URBAN DEVELOPME 4.13 09/06/23 CNY 59.13
RUZHOU CITY XINYUAN IN 6.30 09/16/21 CNY 24.75
RUZHOU CITY XINYUAN IN 6.30 09/16/21 CNY 25.05
RUZHOU CITY XINYUAN IN 4.43 09/26/23 CNY 57.18
RUZHOU CITY XINYUAN IN 4.43 09/26/23 CNY 57.21
SANMEN COUNTY STATE-OW 6.85 10/29/21 CNY 20.00
SANMEN COUNTY STATE-OW 6.80 03/18/22 CNY 20.00
SANMEN COUNTY STATE-OW 6.85 10/29/21 CNY 20.12
SANMEN COUNTY STATE-OW 6.80 03/18/22 CNY 20.25
SANMING STATE-OWNED AS 5.10 04/17/24 CNY 61.28
SANMING TRANSPORTATION 3.68 03/29/23 CNY 40.02
SHAANXI ANKANG HIGH TE 8.78 09/17/21 CNY 20.16
SHAANXI ANKANG HIGH TE 8.78 09/17/21 CNY 27.00
SHAANXI XIXIAN NEW ARE 5.10 06/06/23 CNY 39.62
SHAANXI XIXIAN NEW ARE 5.10 06/06/23 CNY 39.62
SHAANXI XIXIAN NEW ARE 6.85 08/15/21 CNY 20.04
SHAANXI XIXIAN NEW ARE 6.85 08/15/21 CNY 20.05
SHAANXI XIXIAN NEW ARE 6.89 01/05/22 CNY 19.50
SHAANXI XIXIAN NEW ARE 6.89 01/05/22 CNY 20.18
SHAANXI XIXIAN NEW ARE 5.15 11/27/22 CNY 40.05
SHAANXI XIXIAN NEW ARE 5.15 11/27/22 CNY 41.01
SHANDONG BORUN INDUSTR 6.50 11/02/21 CNY 33.39
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 20.36
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 20.50
SHANDONG CENTURY SUNSH 8.19 07/21/21 CNY 20.01
SHANDONG CENTURY SUNSH 8.19 07/21/21 CNY 20.02
SHANDONG FUYU CHEMICAL 7.70 09/18/22 CNY 70.00
SHANDONG GAOCHUANG CON 6.05 06/18/22 CNY 20.26
SHANDONG GAOCHUANG CON 6.05 06/18/22 CNY 22.45
SHANDONG RUYI TECHNOLO 7.90 09/18/23 CNY 52.10
SHANDONG SNTON GROUP C 5.18 09/08/21 CNY 8.52
SHANDONG TENGJIAN INVE 6.00 06/08/22 CNY 20.00
SHANDONG TENGJIAN INVE 6.00 06/08/22 CNY 20.16
SHANDONG WANTONG PETRO 7.97 11/29/21 CNY 0.20
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 20.32
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 20.48
SHANGHAI MUNICIPAL INV 4.80 11/05/24 CNY 61.05
SHANGHAI MUNICIPAL INV 4.80 11/05/24 CNY 61.46
SHANGHAI NANHUI URBAN 6.04 08/20/21 CNY 20.07
SHANGHAI NANHUI URBAN 6.04 08/20/21 CNY 20.15
SHANGHAI URBAN CONSTRU 3.50 01/06/23 CNY 39.78
SHANGHAI URBAN CONSTRU 3.50 01/06/23 CNY 40.03
SHANGRAO CITY STATE-OW 4.65 01/29/23 CNY 40.19
SHANGRAO CITY STATE-OW 4.65 01/29/23 CNY 40.40
SHANTOU CITY CONSTRUCT 8.57 03/23/22 CNY 15.52
SHANTOU INVESTMENT HOL 7.99 03/04/24 CNY 48.04
SHANXI XIANG KUANG GRO 8.80 02/11/22 CNY 24.50
SHANXI XIANG KUANG GRO 8.80 02/11/22 CNY 40.85
SHAODONG NEW AREA DEVE 7.10 04/19/24 CNY 62.20
SHAODONG NEW AREA DEVE 7.10 04/19/24 CNY 62.21
SHAOGUAN URBAN INVESTM 3.67 10/25/24 CNY 68.34
SHAOGUAN URBAN INVESTM 3.67 10/25/24 CNY 69.17
SHAOWU URBAN CONSTRUCT 5.88 09/11/22 CNY 40.01
SHAOWU URBAN CONSTRUCT 5.88 09/11/22 CNY 43.39
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 20.39
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 20.43
SHAOXING CITY INVESTME 5.75 04/17/22 CNY 20.27
SHAOXING CITY INVESTME 5.75 04/17/22 CNY 28.00
SHAOXING CITY KEQIAO D 6.40 08/20/21 CNY 20.08
SHAOXING JINGHU NEW DI 6.13 04/30/22 CNY 20.47
SHAOXING JINGHU NEW DI 6.13 04/30/22 CNY 20.53
SHAOXING KEQIAO CITY C 3.64 09/19/23 CNY 59.93
SHAOXING KEQIAO CITY C 3.64 09/19/23 CNY 59.97
SHAOXING KEQIAO ECONOM 7.00 12/10/21 CNY 20.00
SHAOXING KEQIAO ECONOM 7.00 12/10/21 CNY 20.20
SHAOXING KEYAN CONSTRU 6.28 03/24/22 CNY 20.00
SHAOXING KEYAN CONSTRU 6.28 03/24/22 CNY 20.37
SHAOXING SHANGYU ECONO 4.76 04/11/23 CNY 39.85
SHAOXING SHANGYU ECONO 4.76 04/11/23 CNY 40.36
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 20.04
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 21.15
SHAOYANG BAOQING INDUS 5.78 07/04/26 CNY 70.43
SHAOYANG DULIANG INVES 5.50 04/13/23 CNY 39.43
SHAOYANG DULIANG INVES 5.50 04/13/23 CNY 40.05
SHENGZHOU INVESTMENT H 7.60 07/17/21 CNY 20.01
SHENGZHOU INVESTMENT H 7.60 07/17/21 CNY 20.59
SHENYANG DADONG STATE- 6.05 03/20/22 CNY 20.00
SHENYANG DADONG STATE- 6.05 03/20/22 CNY 20.18
SHENYANG ECONOMIC AFFO 7.17 04/29/22 CNY 20.13
SHENYANG ECONOMIC AFFO 7.17 04/29/22 CNY 20.39
SHENYANG TIEXI STATE-O 6.00 01/14/22 CNY 20.19
SHENYANG TIEXI STATE-O 6.00 01/14/22 CNY 27.50
SHENZHEN METRO GROUP C 5.40 03/25/23 CNY 30.44
SHENZHEN METRO GROUP C 6.75 01/24/24 CNY 46.68
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 55.00
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 55.70
SHIJIAZHUANG STATE-OWN 5.75 04/09/22 CNY 20.21
SHIJIAZHUANG STATE-OWN 5.75 04/09/22 CNY 27.20
SHISHI CITY CONSTRUCTI 6.10 05/04/22 CNY 20.45
SHISHOU BOYA CITY CONS 6.98 06/15/24 CNY 61.90
SHIYAN ECO DEVELOPMENT 3.98 08/05/23 CNY 59.68
SHIYAN ECO DEVELOPMENT 3.98 08/05/23 CNY 59.90
SHIYAN STATE-OWNED CAP 6.58 08/20/21 CNY 20.09
SHIYAN STATE-OWNED CAP 6.58 08/20/21 CNY 20.29
SHIYAN STATE-OWNED CAP 4.88 01/11/26 CNY 70.98
SHIYAN STATE-OWNED CAP 4.88 01/11/26 CNY 71.04
SHIYAN YUNYANG INVESTM 6.40 07/10/24 CNY 61.33
SHIZHU TUJIA HONGSHENG 7.00 11/13/24 CNY 64.00
SHUCHENG COUNTY URBAN 5.50 04/29/23 CNY 40.70
SHUCHENG COUNTY URBAN 5.50 04/29/23 CNY 40.71
SHUYANG JINGYUAN ASSET 5.49 09/11/22 CNY 39.50
SHUYANG JINGYUAN ASSET 5.49 09/11/22 CNY 40.14
SICHUAN COAL GASIFICAT 7.00 04/18/23 CNY 40.58
SICHUAN COAL INDUSTRY 7.70 01/09/18 CNY 45.00
SICHUAN LANGUANG DEVEL 7.15 03/16/23 CNY 24.00
SICHUAN LANGUANG DEVEL 7.40 09/14/21 CNY 30.45
SICHUAN LANGUANG DEVEL 7.50 07/11/21 CNY 33.40
SICHUAN LANGUANG DEVEL 7.50 07/23/22 CNY 42.00
SICHUAN LANGUANG DEVEL 6.50 07/29/21 CNY 47.50
SICHUAN LANGUANG DEVEL 7.00 09/29/22 CNY 47.50
SICHUAN LANGUANG DEVEL 7.00 10/26/22 CNY 47.50
SICHUAN LANGUANG DEVEL 7.50 11/22/22 CNY 47.50
SICHUAN LANGUANG DEVEL 7.20 03/11/23 CNY 47.50
SICHUAN LANGUANG DEVEL 7.20 05/11/23 CNY 47.50
SICHUAN LANGUANG DEVEL 7.50 08/12/21 CNY 50.00
SICHUAN LANGZHONG FAMO 5.60 04/19/23 CNY 39.54
SICHUAN LANGZHONG FAMO 5.60 04/19/23 CNY 40.16
SICHUAN LONGYANG TIANF 5.45 05/27/23 CNY 39.74
SICHUAN LONGYANG TIANF 5.45 05/27/23 CNY 39.81
SICHUAN NAXING INDUSTR 7.17 09/11/21 CNY 20.00
SICHUAN NAXING INDUSTR 7.17 09/11/21 CNY 20.05
SICHUAN NAXING INDUSTR 4.68 03/31/23 CNY 38.92
SICHUAN NAXING INDUSTR 4.68 03/31/23 CNY 39.50
SICHUAN NAXING INDUSTR 6.80 08/18/22 CNY 50.00
SICHUAN NAXING INDUSTR 6.80 08/18/22 CNY 50.36
SICHUAN QINBA NEWCITY 6.68 07/07/24 CNY 58.52
SICHUAN QINBA NEWCITY 6.68 07/07/24 CNY 60.00
SICHUAN RENSHOU XINLON 7.00 06/27/24 CNY 61.21
SICHUAN RENSHOU XINLON 7.00 06/27/24 CNY 61.80
SICHUAN TIANYIN INDUST 6.79 03/25/22 CNY 20.11
SICHUAN TIANYIN INDUST 6.79 03/25/22 CNY 28.00
SIHONG COUNTY HONG YUA 6.15 03/16/22 CNY 20.12
SIHONG COUNTY HONG YUA 6.15 03/16/22 CNY 20.35
SIHUI STATE OWNED ASSE 4.59 01/14/23 CNY 39.22
SIHUI STATE OWNED ASSE 4.59 01/14/23 CNY 40.18
SIYANG COUNTY MINKANG 4.94 01/21/23 CNY 40.32
SIYANG COUNTY MINKANG 4.94 01/21/23 CNY 40.56
SONGYUAN URBAN DEVELOP 5.79 12/04/21 CNY 19.95
SONGYUAN URBAN DEVELOP 5.79 12/04/21 CNY 20.78
SUINING COUNTY RUNQI I 5.42 11/20/22 CNY 39.89
SUINING COUNTY RUNQI I 5.42 11/20/22 CNY 40.00
SUINING FUYUAN INDUSTR 6.39 03/17/22 CNY 19.63
SUINING FUYUAN INDUSTR 6.39 03/17/22 CNY 24.18
SUINING FUYUAN INDUSTR 5.34 12/02/23 CNY 57.18
SUINING FUYUAN INDUSTR 5.34 12/02/23 CNY 59.91
SUINING KAIDA INVESTME 4.89 04/08/23 CNY 38.56
SUINING KAIDA INVESTME 4.89 04/08/23 CNY 38.59
SUINING ROUGANG INVEST 5.65 01/24/24 CNY 59.87
SUINING TIANTAI INDUST 5.98 03/28/24 CNY 60.72
SUINING TIANTAI INDUST 5.98 03/28/24 CNY 60.73
SUIZHOU DEVELOPMENT IN 5.70 04/07/24 CNY 60.31
SUIZHOU DEVELOPMENT IN 5.70 04/07/24 CNY 60.52
SUIZHOU HIGH-TECH INDU 4.47 03/25/23 CNY 39.57
SUIZHOU HIGH-TECH INDU 4.47 03/25/23 CNY 39.77
SUIZHOU URBAN CONSTRUC 7.18 09/02/21 CNY 20.06
SUIZHOU URBAN CONSTRUC 7.18 09/02/21 CNY 21.20
SUIZHOU YULONG WATER S 6.10 03/28/23 CNY 43.20
SUQIAN CITY CONSTRUCTI 5.30 07/11/24 CNY 61.16
SUQIAN ECONOMIC DEVELO 5.40 04/20/24 CNY 61.46
SUQIAN ECONOMIC DEVELO 5.40 04/20/24 CNY 61.88
SUQIAN YUFENG ASSET MA 5.50 04/21/24 CNY 62.01
SUQIAN YUFENG ASSET MA 5.50 04/21/24 CNY 64.26
SUZHOU CITY CONSTRUCTI 3.89 03/24/23 CNY 40.02
SUZHOU CITY CONSTRUCTI 3.89 03/24/23 CNY 40.11
SUZHOU CITY HENGCHENG 4.40 03/01/23 CNY 40.28
SUZHOU CITY HENGCHENG 4.40 03/01/23 CNY 40.29
SUZHOU NEW & HIGH-TECH 4.18 03/23/23 CNY 40.08
SUZHOU NEW & HIGH-TECH 4.18 03/23/23 CNY 40.29
SUZHOU SND GROUP CO LT 6.20 07/22/21 CNY 20.01
SUZHOU SND GROUP CO LT 6.20 07/22/21 CNY 20.03
SUZHOU WUJIANG COMMUNI 3.75 05/26/23 CNY 52.69
SUZHOU WUJIANG DISTRIC 5.25 07/08/22 CNY 40.44
TAIAN TAISHAN HOLDINGS 5.50 04/26/23 CNY 40.06
TAIAN TAISHAN HOLDINGS 5.50 04/26/23 CNY 40.28
TAICANG SCIENCE EDUCAT 5.54 08/28/22 CNY 40.84
TAICANG SCIENCE EDUCAT 5.54 08/28/22 CNY 44.60
TAIXING HONGQIAO PARK 5.03 10/29/22 CNY 39.60
TAIXING HONGQIAO PARK 5.03 10/29/22 CNY 39.68
TAIZHOU CITY CONSTRUCT 6.92 10/16/23 CNY 46.84
TAIZHOU GAOGANG HI-TEC 5.54 06/22/24 CNY 61.65
TAIZHOU GAOGANG HI-TEC 5.54 06/22/24 CNY 63.70
TAIZHOU HAILING CITY D 4.60 12/14/22 CNY 39.99
TAIZHOU HAILING CITY D 4.60 12/14/22 CNY 40.22
TAIZHOU JIAOJIANG STAT 6.18 07/06/22 CNY 20.56
TAIZHOU JIAOJIANG STAT 6.18 07/06/22 CNY 24.00
TAIZHOU JINDONG URBAN 5.10 06/02/23 CNY 39.71
TAIZHOU JINDONG URBAN 5.10 06/02/23 CNY 39.81
TAIZHOU XINTAI GROUP C 4.07 03/23/23 CNY 39.69
TAIZHOU XINTAI GROUP C 4.07 03/23/23 CNY 39.73
TIANCHANG CITY CONSTRU 4.99 12/05/23 CNY 56.41
TIANCHANG CITY CONSTRU 4.99 12/05/23 CNY 59.78
TIANJIN BEICHEN TECHNO 6.87 08/20/21 CNY 19.96
TIANJIN BEICHEN TECHNO 6.87 08/20/21 CNY 27.00
TIANJIN BINHAI NEW ARE 6.10 11/23/21 CNY 24.00
TIANJIN BOHAI STATE-OW 3.82 04/18/23 CNY 36.29
TIANJIN BOHAI STATE-OW 3.82 04/18/23 CNY 39.29
TIANJIN BOHAI STATE-OW 4.10 04/18/26 CNY 64.28
TIANJIN BOHAI STATE-OW 4.10 04/18/26 CNY 70.00
TIANJIN DONGFANG CAIXI 5.19 01/29/22 CNY 16.65
TIANJIN DONGFANG CAIXI 5.19 01/29/22 CNY 19.94
TIANJIN DONGLI CITY IN 4.28 12/02/22 CNY 40.19
TIANJIN ECONOMIC TECHN 6.50 12/03/22 CNY 29.92
TIANJIN ECONOMIC TECHN 6.50 12/03/22 CNY 30.54
TIANJIN GUANGCHENG INV 6.97 02/22/23 CNY 28.60
TIANJIN HARBOR CONSTRU 6.29 10/21/21 CNY 40.13
TIANJIN HUANCHENG URBA 5.75 04/27/22 CNY 20.00
TIANJIN HUANCHENG URBA 5.75 04/27/22 CNY 20.50
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 24.22
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 30.51
TIANJIN INFRASTRUCTURE 4.22 10/15/26 CNY 73.11
TIANJIN INFRASTRUCTURE 3.95 09/14/32 CNY 73.50
TIANJIN INFRASTRUCTURE 3.30 08/02/32 CNY 73.68
TIANJIN INFRASTRUCTURE 5.00 10/26/23 CNY 74.14
TIANJIN INFRASTRUCTURE 4.20 09/03/23 CNY 74.20
TIANJIN INFRASTRUCTURE 3.99 08/10/23 CNY 74.53
TIANJIN INFRASTRUCTURE 4.64 05/21/29 CNY 98.50
TIANJIN METRO GROUP CO 4.27 10/16/25 CNY 69.17
TIANJIN METRO GROUP CO 4.27 10/16/25 CNY 74.00
TIANJIN NINGHE INVESTM 5.50 04/22/23 CNY 38.64
TIANJIN NINGHE INVESTM 5.50 04/22/23 CNY 40.16
TIANJIN RAILWAY CONSTR 5.58 04/13/25 CNY 60.47
TIANJIN RAILWAY CONSTR 5.58 04/13/25 CNY 64.40
TIANJIN REAL ESTATE GR 4.50 09/29/20 USD 73.75
TIANJIN WATER INVESTME 6.60 07/28/21 CNY 19.95
TIANJIN WATER INVESTME 6.60 07/28/21 CNY 21.80
TIANJIN WUQING ECONOMI 6.65 09/12/21 CNY 19.53
TIANJIN WUQING ECONOMI 6.65 09/12/21 CNY 19.99
TIANJIN WUQING STATE-O 4.15 11/17/22 CNY 39.91
TIANJIN WUQING STATE-O 4.15 11/17/22 CNY 40.00
TIANMEN CITY CONSTRUCT 8.20 08/28/21 CNY 20.10
TIANMEN CITY CONSTRUCT 8.20 08/28/21 CNY 25.16
TIANMEN CITY CONSTRUCT 3.98 11/15/23 CNY 58.28
TIANMEN CITY CONSTRUCT 3.98 11/15/23 CNY 59.80
TONGLING CONSTRUCTION 4.12 03/14/23 CNY 40.00
TONGLING CONSTRUCTION 4.12 03/14/23 CNY 40.14
TSINGHUA HOLDINGS CORP 4.95 08/08/22 CNY 36.40
TSINGHUA HOLDINGS CORP 3.15 10/25/21 CNY 48.64
TSINGHUA HOLDINGS CORP 5.30 03/26/23 CNY 57.10
TSINGHUA HOLDINGS CORP 4.10 08/24/21 CNY 66.77
TSINGHUA UNIGROUP CO L 5.20 12/10/23 CNY 11.65
TSINGHUA UNIGROUP CO L 5.11 01/25/24 CNY 13.00
TSINGHUA UNIGROUP CO L 4.94 03/25/22 CNY 16.55
TSINGHUA UNIGROUP CO L 5.85 03/27/22 CNY 16.88
TSINGHUA UNIGROUP CO L 5.60 11/15/20 CNY 26.63
TSINGHUA UNIGROUP CO L 6.20 03/16/21 CNY 26.63
TSINGHUA UNIGROUP CO L 6.15 12/26/21 CNY 26.63
TSINGHUA UNIGROUP CO L 6.00 08/14/22 CNY 26.63
TULUFAN DISTRICT STATE 6.20 03/19/22 CNY 20.26
TULUFAN DISTRICT STATE 6.20 03/19/22 CNY 20.39
TUNGHSU GROUP CO LTD 6.55 03/13/22 CNY 45.00
ULANQAB CITY INVESTMEN 8.39 04/25/22 CNY 25.54
URUMQI ECO&TECH DEVELO 6.40 04/13/22 CNY 20.00
URUMQI ECO&TECH DEVELO 6.40 04/13/22 CNY 20.19
WANGCHENG ECONOMIC DEV 6.57 01/22/22 CNY 20.34
WANGCHENG ECONOMIC DEV 6.57 01/22/22 CNY 28.81
WANGCHENG ECONOMIC DEV 3.75 07/13/23 CNY 39.44
WANGCHENG ECONOMIC DEV 3.75 07/13/23 CNY 61.05
WEIHAI CITY SHUANGDAO 5.32 04/28/24 CNY 61.84
WEIHAI LANCHUANG CONST 4.80 12/17/22 CNY 39.39
WEIHAI LANCHUANG CONST 4.80 12/17/22 CNY 39.62
WEIHAI URBAN CONSTRUCT 3.33 03/02/23 CNY 38.40
WEIHAI URBAN CONSTRUCT 3.33 03/02/23 CNY 39.95
WEIHAI WENDENG DISTRIC 3.64 10/26/23 CNY 58.85
WEIHAI WENDENG DISTRIC 3.64 10/26/23 CNY 59.01
WEIHAI WENDENG URBAN P 4.80 05/26/23 CNY 39.65
WEIHAI WENDENG URBAN P 4.80 05/26/23 CNY 39.69
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 20.00
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 20.22
WENDENG GOLDEN BEACH I 3.97 03/21/23 CNY 39.42
WENDENG GOLDEN BEACH I 3.97 03/21/23 CNY 39.43
WENSHAN URBAN CONSTRUC 4.50 09/13/23 CNY 57.34
WENSHAN URBAN CONSTRUC 4.50 09/13/23 CNY 59.42
WENZHOU CITY CONSTRUCT 4.05 01/25/23 CNY 40.34
WENZHOU CITY CONSTRUCT 4.05 01/25/23 CNY 40.37
WENZHOU CITY CONSTRUCT 5.00 04/26/23 CNY 40.88
WENZHOU CITY CONSTRUCT 5.00 04/26/23 CNY 40.94
WENZHOU GANGCHENG DEVE 5.19 03/29/23 CNY 40.42
WENZHOU GANGCHENG DEVE 5.19 03/29/23 CNY 40.43
WENZHOU LUCHENG CITY D 5.58 11/03/21 CNY 20.15
WENZHOU LUCHENG CITY D 5.58 11/03/21 CNY 20.17
WENZHOU OUHAI NEW CITY 3.98 10/26/23 CNY 60.20
WENZHOU OUHAI NEW CITY 3.98 10/26/23 CNY 60.20
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
WUHAN CITY HUANPI DIST 6.43 09/17/21 CNY 20.12
WUHAN CITY HUANPI DIST 6.43 09/17/21 CNY 24.00
WUHAN CITY HUANPI DIST 5.48 04/19/24 CNY 61.67
WUHAN CITY HUANPI DIST 5.48 04/19/24 CNY 61.75
WUHAN JIANGXIA URBAN C 4.80 06/03/23 CNY 40.10
WUHAN JIANGXIA URBAN C 4.80 06/03/23 CNY 40.32
WUHAN METRO GROUP CO L 5.25 04/14/22 CNY 20.18
WUHAN METRO GROUP CO L 5.25 04/14/22 CNY 20.36
WUHAN QIAOKOU STATE OW 3.48 08/29/23 CNY 58.93
WUHAN QIAOKOU STATE OW 3.48 08/29/23 CNY 59.76
WUHAN URBAN CONSTRUCTI 4.99 06/15/24 CNY 75.00
WUHU COMMUNICATIONS IN 4.50 04/28/23 CNY 39.72
WUHU COMMUNICATIONS IN 4.50 04/28/23 CNY 40.20
WUHU COMMUNICATIONS IN 3.58 09/23/23 CNY 59.00
WUHU COMMUNICATIONS IN 3.58 09/23/23 CNY 59.99
WUHU COUNTY CONSTRUCTI 6.60 12/08/21 CNY 20.26
WUHU COUNTY CONSTRUCTI 6.60 12/08/21 CNY 26.35
WUHU JINGHU CONSTRUCTI 4.37 07/20/23 CNY 59.90
WUHU JINGHU CONSTRUCTI 4.37 07/20/23 CNY 60.06
WUHU JIUJIANG CONSTRUC 3.96 03/21/23 CNY 39.60
WUHU JIUJIANG CONSTRUC 3.96 03/21/23 CNY 40.15
WUHU XINMA INVESTMENT 4.87 11/04/22 CNY 40.22
WUHU YIJU INVESTMENT G 6.45 08/11/21 CNY 20.08
WUHU YIJU INVESTMENT G 6.45 08/11/21 CNY 20.30
WUXI HUIKAI ECONOMIC D 4.16 04/08/23 CNY 39.83
WUXI HUIKAI ECONOMIC D 4.16 04/08/23 CNY 40.10
WUXI TAIHU NEW CITY DE 4.49 05/03/23 CNY 40.33
WUXI TAIHU NEW CITY DE 4.49 05/03/23 CNY 40.50
WUXI TAIHU NEW CITY DE 3.47 08/29/23 CNY 59.50
WUXI TAIHU NEW CITY DE 3.47 08/29/23 CNY 59.89
WUXI XIDONG NEW TOWN C 3.92 11/09/23 CNY 59.79
WUXI XIDONG NEW TOWN C 3.92 11/09/23 CNY 60.04
WUYANG CONSTRUCTION GR 7.80 09/11/20 CNY 32.48
XIAN FENGDONG DEVELOPM 4.67 01/08/23 CNY 39.65
XIAN FENGDONG DEVELOPM 4.67 01/08/23 CNY 39.68
XI'AN INTERNATIONAL HO 6.20 10/21/21 CNY 20.09
XI'AN INTERNATIONAL HO 6.20 10/21/21 CNY 21.46
XI'AN INTERNATIONAL IN 7.90 09/23/21 CNY 22.28
XI'AN PIONEERING PARK 6.20 05/02/24 CNY 61.44
XI'AN PIONEERING PARK 6.20 05/02/24 CNY 61.45
XIANGSHUI GUANJIANG HO 4.98 12/24/22 CNY 38.00
XIANGSHUI GUANJIANG HO 4.98 12/24/22 CNY 39.56
XIANGTAN CITY CONSTRUC 7.60 04/02/22 CNY 71.00
XIANGTAN CITY INFRASTR 3.60 08/04/23 CNY 54.20
XIANGTAN CITY INFRASTR 3.95 08/04/23 CNY 56.97
XIANGTAN CITY INFRASTR 3.95 08/04/23 CNY 57.29
XIANGTAN CITY INFRASTR 3.60 08/04/23 CNY 59.71
XIANGTAN JIUHUA ECONOM 6.59 01/21/22 CNY 19.31
XIANGTAN JIUHUA ECONOM 5.00 07/25/26 CNY 69.08
XIANGTAN WANLOU XINCHE 6.90 01/14/22 CNY 15.49
XIANGTAN WANLOU XINCHE 6.90 01/14/22 CNY 19.73
XIANGXIANG ECONOMIC DI 5.28 09/09/23 CNY 56.32
XIANGXIANG ECONOMIC DI 5.28 09/09/23 CNY 57.88
XIANGXIANG URBAN CONST 5.84 05/18/23 CNY 39.47
XIANGXIANG URBAN CONST 5.84 05/18/23 CNY 40.26
XIANGXIANG URBAN CONST 7.50 10/27/24 CNY 60.00
XIANGYANG CITY XIANGZH 5.18 04/28/23 CNY 40.01
XIANGYANG CITY XIANGZH 5.18 04/28/23 CNY 40.27
XIANGYANG HIGH TECH ST 6.25 06/12/24 CNY 61.92
XIANGYANG HIGH TECH ST 6.25 06/12/24 CNY 62.28
XIANGYANG STATE-OWNED 4.62 01/25/23 CNY 39.69
XIANGYANG STATE-OWNED 4.62 01/25/23 CNY 39.69
XIANNING HIGH-TECH INV 6.29 02/10/22 CNY 20.16
XIANNING HIGH-TECH INV 6.29 02/10/22 CNY 20.56
XIANNING HIGH-TECH INV 6.60 06/01/27 CNY 70.55
XIANNING HIGH-TECH INV 6.60 06/01/27 CNY 72.25
XIANTAO CITY CONSTRUCT 4.59 04/18/23 CNY 39.59
XIANTAO CITY CONSTRUCT 4.59 04/18/23 CNY 40.49
XIAOCHANG SHUNHE DEVEL 4.15 10/17/23 CNY 58.67
XIAOGAN GAOCHUANG INVE 6.87 09/22/21 CNY 20.10
XIAOGAN GAOCHUANG INVE 6.87 09/22/21 CNY 26.69
XIAOXIAN COUNTY DEVELO 4.85 06/22/23 CNY 40.37
XIAOXIAN COUNTY DEVELO 4.85 06/22/23 CNY 40.40
XINDONGGANG HOLDING GR 5.53 04/27/23 CNY 39.62
XINDONGGANG HOLDING GR 5.53 04/27/23 CNY 40.02
XINGAN COUNTY URBAN CO 5.48 08/03/23 CNY 58.41
XINGAN COUNTY URBAN CO 5.48 08/03/23 CNY 59.90
XINGAN LEAGUE URBAN DE 6.18 12/21/22 CNY 26.97
XINGAN LEAGUE URBAN DE 6.18 12/21/22 CNY 27.16
XINGHUA CITY ECONOMIC 5.28 06/13/22 CNY 25.01
XINGHUA CITY ECONOMIC 5.28 06/13/22 CNY 25.11
XINGYI XINHENG URBAN C 5.40 12/16/22 CNY 18.40
XINGYI XINHENG URBAN C 5.40 12/16/22 CNY 39.82
XINMI CAIYUAN CITY CON 4.35 02/28/23 CNY 39.89
XINMI CAIYUAN CITY CON 4.35 02/28/23 CNY 39.95
XINMIN CITY LUXIN MUNI 6.41 07/29/21 CNY 13.72
XINMIN CITY LUXIN MUNI 6.41 07/29/21 CNY 13.76
XINTAI CITY COORDINATI 6.35 03/23/22 CNY 20.12
XINTAI CITY COORDINATI 6.35 03/23/22 CNY 20.75
XINYI CITY INVESTMENT 4.30 01/19/23 CNY 39.11
XINYI CITY INVESTMENT 4.30 01/19/23 CNY 40.00
XINYI ECONOMIC DEVELOP 6.66 09/27/24 CNY 74.50
XINYI URBAN TRANSPORTA 6.14 02/06/22 CNY 20.19
XINYI URBAN TRANSPORTA 6.14 02/06/22 CNY 20.34
XINYI URBAN TRANSPORTA 5.35 04/24/24 CNY 60.58
XINYI URBAN TRANSPORTA 5.35 04/24/24 CNY 62.57
XINYU CITY SHANTYTOWN 6.50 11/13/22 CNY 70.76
XINYU CITY YUSHUI DIST 7.70 06/24/22 CNY 20.34
XINYU CITY YUSHUI DIST 7.70 06/24/22 CNY 21.39
XIWANG GROUP CO LTD 7.80 12/03/22 CNY 49.94
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 20.14
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 26.00
XUANCHENG STATE-OWNED 4.12 04/07/23 CNY 39.82
XUANCHENG STATE-OWNED 4.12 04/07/23 CNY 40.37
XUZHOU BOCHANT DEVELOP 5.69 07/28/21 CNY 33.33
XUZHOU CITY JIAWANG CO 4.00 03/23/23 CNY 40.03
XUZHOU CITY TONGSHAN D 5.23 09/18/22 CNY 40.00
XUZHOU CITY TONGSHAN D 5.23 09/18/22 CNY 40.59
XUZHOU HI-TECH INDUSTR 3.78 11/11/23 CNY 59.99
XUZHOU HI-TECH INDUSTR 3.78 11/11/23 CNY 60.06
XUZHOU XINSHENG INVEST 5.13 08/12/22 CNY 40.45
XUZHOU XINSHENG INVEST 5.13 08/12/22 CNY 44.46
YAN'AN NEW CITY CONSTR 5.60 04/21/24 CNY 60.67
YANCHENG GUANDONG ECON 6.42 05/16/24 CNY 62.39
YANCHENG HIGH-TECH ZON 3.90 12/14/22 CNY 39.90
YANCHENG HIGH-TECH ZON 3.90 12/14/22 CNY 39.94
YANCHENG ORIENTAL INVE 6.48 09/15/21 CNY 20.05
YANCHENG ORIENTAL INVE 6.48 09/15/21 CNY 20.07
YANCHENG SOUTH DISTRIC 6.70 07/30/21 CNY 20.05
YANCHENG SOUTH DISTRIC 6.70 07/30/21 CNY 20.10
YANCHENG YANDU DISTRIC 3.67 03/17/23 CNY 39.18
YANCHENG YANDU DISTRIC 3.67 03/17/23 CNY 39.34
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 20.45
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 21.20
YANGXIN TOWN CONSTRUCT 6.50 04/26/24 CNY 60.87
YANGXIN TOWN CONSTRUCT 6.50 04/26/24 CNY 61.32
YANGZHONG TRANSPORTATI 4.95 04/07/23 CNY 39.53
YANGZHONG TRANSPORTATI 4.95 04/07/23 CNY 39.58
YANGZHONG TRANSPORTATI 4.98 04/07/23 CNY 40.39
YANGZHONG TRANSPORTATI 4.98 04/07/23 CNY 40.42
YANGZHOU ECONOMIC & TE 5.28 07/06/24 CNY 60.56
YANGZHOU ECONOMIC & TE 5.28 07/06/24 CNY 62.40
YANGZHOU GUANGLING NEW 3.62 09/07/23 CNY 57.93
YANGZHOU GUANGLING NEW 3.62 09/07/23 CNY 59.36
YANGZHOU HANJIANG CONS 5.88 06/15/22 CNY 20.36
YANGZHOU HANJIANG CONS 5.88 06/15/22 CNY 26.63
YI CHENG CONSTRUCTION 5.44 04/27/23 CNY 39.73
YI ZHENG CITY DEVELOPM 4.63 01/08/23 CNY 40.00
YI ZHENG CITY DEVELOPM 4.63 01/08/23 CNY 40.15
YICHANG HIGH-TECH INVE 4.80 12/15/22 CNY 40.00
YICHANG HIGH-TECH INVE 4.80 12/15/22 CNY 40.51
YICHANG HIGH-TECH INVE 3.74 07/21/23 CNY 59.12
YICHANG HIGH-TECH INVE 3.74 07/21/23 CNY 60.30
YICHANG HIGH-TECH INVE 6.10 05/18/24 CNY 60.99
YICHANG HIGH-TECH INVE 6.10 05/18/24 CNY 61.25
YICHANG WUJIA NEW CITY 6.50 04/20/24 CNY 60.94
YICHANG WUJIA NEW CITY 6.50 04/20/24 CNY 61.30
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 20.00
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 20.22
YIHUA ENTERPRISE GROUP 7.00 04/29/22 CNY 54.00
YIHUA LIFESTYLE TECHNO 6.88 07/23/20 CNY 35.00
YIHUA LIFESTYLE TECHNO 6.88 07/16/20 CNY 35.90
YINGCHENG CITY PUYANG 6.50 04/14/24 CNY 61.30
YINGCHENG CITY PUYANG 6.50 04/14/24 CNY 61.31
YINGKOU BEIHAI NEW CIT 7.19 07/12/24 CNY 61.03
YINGKOU COASTAL DEVELO 6.45 01/26/22 CNY 20.14
YINGKOU ECO & TECH DEV 5.20 08/05/23 CNY 58.16
YINGKOU ECO & TECH DEV 5.20 08/05/23 CNY 58.41
YINGKOU ECO & TECH DEV 6.98 04/19/24 CNY 58.80
YINGKOU ECO & TECH DEV 6.98 04/19/24 CNY 58.83
YINGKOU LAOBIAN CITY C 4.98 03/11/23 CNY 37.47
YINGKOU LAOBIAN CITY C 4.98 03/11/23 CNY 40.00
YINGKOU LAOBIAN CITY C 5.63 12/16/22 CNY 40.18
YINGTAN JUNENG INVESTM 6.75 07/31/22 CNY 20.56
YINGTAN JUNENG INVESTM 6.75 07/31/22 CNY 41.18
YINGTAN STATE-OWNED AS 7.50 12/12/22 CNY 30.87
YINGTAN STATE-OWNED AS 7.50 12/12/22 CNY 30.88
YINGTAN STATE-OWNED AS 3.63 08/12/21 CNY 40.02
YINING CITY STATE OWNE 5.37 09/24/22 CNY 38.99
YINING CITY STATE OWNE 5.37 09/24/22 CNY 39.40
YIWU CITY CONSTRUCTION 4.31 12/07/22 CNY 40.16
YIWU CITY CONSTRUCTION 4.31 12/07/22 CNY 40.40
YIWU URBAN & RURAL NEW 4.25 11/24/21 CNY 24.95
YIXING CITY CONSTRUCTI 6.16 03/30/22 CNY 20.00
YIXING CITY CONSTRUCTI 6.16 03/30/22 CNY 20.33
YIYANG ADVANCED INDUST 7.00 03/30/22 CNY 20.19
YIYANG ADVANCED INDUST 7.00 03/30/22 CNY 28.00
YIYANG PROVINCE AREA I 5.16 11/23/23 CNY 56.87
YIYANG PROVINCE AREA I 5.16 11/23/23 CNY 56.92
YIYANG PROVINCE AREA I 4.95 10/13/23 CNY 56.95
YIYANG PROVINCE AREA I 4.95 10/13/23 CNY 57.00
YIZHANG XINGYI CONSTRU 5.49 09/02/24 CNY 67.47
YIZHANG XINGYI CONSTRU 5.49 09/02/24 CNY 70.10
YONGCHENG COAL & ELECT 7.50 02/02/21 CNY 100.00
YONGJIA INVESTMENT GRO 6.50 11/12/21 CNY 20.00
YONGJIA INVESTMENT GRO 6.50 11/12/21 CNY 20.17
YONGXING YINDU INVESTM 5.60 03/24/23 CNY 39.39
YONGXING YINDU INVESTM 5.60 03/24/23 CNY 40.13
YONGXING YINDU INVESTM 6.93 07/07/24 CNY 59.84
YONGXING YINDU INVESTM 6.93 07/07/24 CNY 60.00
YONGZHOU ECONOMIC CONS 3.55 01/14/23 CNY 39.33
YONGZHOU ECONOMIC CONS 3.55 01/14/23 CNY 39.79
YUANAN COUNTY QIFENG C 5.50 05/27/23 CNY 40.71
YUANAN COUNTY QIFENG C 5.50 05/27/23 CNY 40.71
YUEYANG DONGTING XINCH 6.15 03/20/22 CNY 20.12
YUEYANG DONGTING XINCH 6.15 03/20/22 CNY 20.17
YUEYANG HUIHUA URBAN I 5.78 04/18/24 CNY 60.52
YUEYANG HUIHUA URBAN I 5.78 04/18/24 CNY 60.98
YUEYANG HUILIN INVESTM 5.50 11/03/21 CNY 19.89
YUEYANG URBAN CONSTRUC 4.80 01/27/26 CNY 73.28
YUEYANG URBAN CONSTRUC 4.80 01/27/26 CNY 73.29
YUEYANG YUNXI CITY CON 6.00 07/08/23 CNY 38.43
YUEYANG YUNXI CITY CON 6.00 07/08/23 CNY 40.32
YUEYANG YUNXI CITY CON 5.18 11/21/23 CNY 57.16
YUHUAN CITY COMMUNICAT 5.65 11/03/21 CNY 20.21
YUHUAN CITY COMMUNICAT 5.65 11/03/21 CNY 20.22
YUHUAN CITY COMMUNICAT 6.18 03/20/22 CNY 20.59
YUHUAN CITY COMMUNICAT 6.18 03/20/22 CNY 24.47
YUHUAN CITY CONSTRUCTI 5.10 05/03/23 CNY 39.94
YUHUAN CITY CONSTRUCTI 5.10 05/03/23 CNY 40.74
YUHUAN CITY CONSTRUCTI 3.72 10/21/23 CNY 58.89
YUHUAN CITY CONSTRUCTI 3.72 10/21/23 CNY 59.83
YUNCHENG SHUIHU CITY C 4.54 11/21/23 CNY 56.05
YUNCHENG SHUIHU CITY C 4.54 11/21/23 CNY 59.42
YUZHOU GENERAL INVESTM 4.68 01/19/23 CNY 40.00
YUZHOU GENERAL INVESTM 4.68 01/19/23 CNY 40.04
ZAOYANG CITY CONSTRUCT 5.50 03/22/23 CNY 40.02
ZAOYANG CITY CONSTRUCT 5.50 03/22/23 CNY 40.11
ZHANGQIU STATE OWNED A 3.69 08/09/23 CNY 59.31
ZHANGQIU STATE OWNED A 3.69 08/09/23 CNY 59.83
ZHANGSHU STATE-OWNED A 4.80 06/22/23 CNY 39.90
ZHANGSHU STATE-OWNED A 4.80 06/22/23 CNY 42.67
ZHANGYE CITY INVESTMEN 6.92 09/22/21 CNY 20.11
ZHANGYE CITY INVESTMEN 6.92 09/22/21 CNY 20.90
ZHANGZHOU ECONOMIC DEV 6.17 04/27/22 CNY 20.20
ZHANGZHOU ECONOMIC DEV 6.17 04/27/22 CNY 20.38
ZHAODONG DONGSHENG CON 6.50 01/20/24 CNY 61.16
ZHAODONG DONGSHENG CON 6.50 01/20/24 CNY 61.17
ZHAOQING GAOYAO DISTRI 6.68 04/14/22 CNY 20.00
ZHAOQING GAOYAO DISTRI 6.68 04/14/22 CNY 20.36
ZHAOQING HI-TECH ZONE 3.97 08/26/23 CNY 59.09
ZHAOQING HI-TECH ZONE 3.97 08/26/23 CNY 59.56
ZHEJIANG BINHAI NEW CI 4.65 12/23/22 CNY 40.25
ZHEJIANG BINHAI NEW CI 4.65 12/23/22 CNY 40.45
ZHEJIANG GUOXING INVES 6.94 08/01/21 CNY 20.04
ZHEJIANG GUOXING INVES 6.94 08/01/21 CNY 28.50
ZHEJIANG HANGZHOU QING 5.99 06/30/24 CNY 62.57
ZHEJIANG HANGZHOU QING 5.99 06/30/24 CNY 62.57
ZHEJIANG HUISHENG INVE 4.49 03/15/24 CNY 55.00
ZHEJIANG HUISHENG INVE 4.49 03/15/24 CNY 55.32
ZHEJIANG OUHAI CONSTRU 6.45 04/23/22 CNY 20.20
ZHEJIANG OUHAI CONSTRU 6.45 04/23/22 CNY 20.38
ZHEJIANG OUHAI CONSTRU 4.83 01/21/23 CNY 40.10
ZHEJIANG OUHAI CONSTRU 4.83 01/21/23 CNY 40.46
ZHEJIANG XINCHANG INVE 5.88 10/30/21 CNY 20.12
ZHEJIANG XINCHANG INVE 6.95 12/31/21 CNY 20.29
ZHEJIANG XINCHANG INVE 6.95 12/31/21 CNY 20.44
ZHEJIANG XINCHANG INVE 5.88 10/30/21 CNY 21.06
ZHENGZHOU AIRPORT ECON 4.27 07/20/26 CNY 68.33
ZHENGZHOU AIRPORT ECON 4.27 07/20/26 CNY 69.13
ZHENGZHOU GENERAL AVIA 5.98 06/27/24 CNY 60.00
ZHENGZHOU GENERAL AVIA 5.98 06/27/24 CNY 61.97
ZHENGZHOU JINGKAI INVE 5.48 07/31/22 CNY 40.00
ZHENGZHOU JINGKAI INVE 5.48 07/31/22 CNY 40.37
ZHENGZHOU MOUZHONG DEV 7.48 12/11/21 CNY 20.31
ZHENGZHOU MOUZHONG DEV 7.48 12/11/21 CNY 26.20
ZHENGZHOU MOUZHONG DEV 4.59 04/18/23 CNY 39.75
ZHENGZHOU MOUZHONG DEV 4.59 04/18/23 CNY 40.19
ZHENJIANG DANTU DISTRI 5.89 11/03/21 CNY 20.00
ZHENJIANG DANTU DISTRI 5.89 11/03/21 CNY 20.04
ZHENJIANG NEW AREA URB 5.31 07/14/23 CNY 57.18
ZHENJIANG NEW AREA URB 5.31 07/14/23 CNY 59.58
ZHIJIANG STATE-OWNED A 4.78 01/11/23 CNY 37.00
ZHIJIANG STATE-OWNED A 4.38 03/28/23 CNY 39.25
ZHIJIANG STATE-OWNED A 4.38 03/28/23 CNY 39.65
ZHIJIANG STATE-OWNED A 4.78 01/11/23 CNY 39.93
ZHONGGUANCUN DEVELOPME 4.20 08/12/22 CNY 40.13
ZHONGGUANCUN DEVELOPME 4.20 08/12/22 CNY 40.54
ZHONGMINTOU LEASING HO 7.55 09/21/21 CNY 49.49
ZHONGSHAN TORCH DEVELO 5.79 03/23/24 CNY 60.87
ZHONGSHAN TORCH DEVELO 5.79 03/23/24 CNY 61.02
ZHONGSHAN TRANSPORTATI 5.25 11/26/21 CNY 20.00
ZHONGSHAN TRANSPORTATI 5.25 11/26/21 CNY 20.17
ZHONGYUAN ASSET MANAGE 4.48 09/16/23 CNY 74.59
ZHOUSHAN DINGHAI CITY 6.67 07/20/22 CNY 40.24
ZHOUSHAN DINGHAI STATE 7.13 08/04/21 CNY 20.06
ZHOUSHAN DINGHAI STATE 7.13 08/04/21 CNY 20.13
ZHOUSHAN ISLANDS NEW D 6.98 10/22/22 CNY 40.48
ZHOUSHAN ISLANDS NEW D 6.98 10/22/22 CNY 40.80
ZHOUSHAN PUTUO DISTRIC 7.18 06/20/22 CNY 25.84
ZHOUSHAN PUTUO DISTRIC 7.18 06/20/22 CNY 26.90
ZHUCHENG ECONOMIC DEVE 5.37 07/12/24 CNY 80.18
ZHUHAI HUIHUA INFRASTR 4.70 06/27/23 CNY 39.76
ZHUHAI HUIHUA INFRASTR 4.70 06/27/23 CNY 40.07
ZHUJI CITY EAST NEW TO 3.89 08/26/23 CNY 60.57
ZHUJI CITY YUEDU INVES 6.38 04/07/22 CNY 20.45
ZHUJI STATE-OWNED ASSE 5.34 06/28/24 CNY 61.86
ZHUJI STATE-OWNED ASSE 5.34 06/28/24 CNY 62.50
ZHUZHOU CITY CONSTRUCT 8.36 11/10/21 CNY 23.75
ZHUZHOU GECKOR GROUP C 6.38 04/17/22 CNY 20.00
ZHUZHOU GECKOR GROUP C 6.95 08/11/21 CNY 20.04
ZHUZHOU GECKOR GROUP C 6.38 04/17/22 CNY 20.22
ZHUZHOU GECKOR GROUP C 6.95 08/11/21 CNY 20.86
ZHUZHOU GECKOR GROUP C 3.78 09/28/23 CNY 59.12
ZHUZHOU GECKOR GROUP C 3.78 09/28/23 CNY 59.17
ZHUZHOU HI-TECH AUTO E 4.47 11/03/23 CNY 74.16
ZHUZHOU RECYCLING ECON 4.38 03/24/23 CNY 37.63
ZHUZHOU RECYCLING ECON 4.38 03/24/23 CNY 38.38
ZHUZHOU XIANGJIANG SCE 5.39 11/25/22 CNY 38.90
ZHUZHOU XIANGJIANG SCE 5.39 11/25/22 CNY 38.95
ZIBO BANYANG CITY URBA 5.50 09/09/22 CNY 40.00
ZIBO BANYANG CITY URBA 5.50 09/09/22 CNY 40.04
ZIBO BOSHAN STATE OWNE 5.63 03/29/24 CNY 60.24
ZIBO BOSHAN STATE OWNE 5.63 03/29/24 CNY 61.40
ZIXING CHENGCHENG INVE 6.20 03/16/24 CNY 61.84
ZIXING CHENGCHENG INVE 6.20 03/16/24 CNY 61.85
ZIXING CITY DEVELOPMEN 6.00 05/03/24 CNY 60.78
ZIXING CITY DEVELOPMEN 6.00 05/03/24 CNY 60.79
ZIYANG WATER INVESTMEN 3.97 03/17/23 CNY 36.43
ZIYANG WATER INVESTMEN 3.97 03/17/23 CNY 37.82
ZIZHONG COUNTY XINGZI 5.97 01/18/23 CNY 38.97
ZIZHONG COUNTY XINGZI 5.97 01/18/23 CNY 39.68
ZONGYANG INVESTMENT DE 5.85 04/25/24 CNY 60.00
ZONGYANG INVESTMENT DE 5.85 04/25/24 CNY 61.65
ZUNYI BOZHOU URBAN CON 6.60 07/06/24 CNY 60.95
ZUNYI BOZHOU URBAN CON 6.60 07/06/24 CNY 61.38
ZUNYI ECONOMIC DEVELOP 4.87 01/22/23 CNY 38.35
ZUNYI ECONOMIC DEVELOP 4.87 01/22/23 CNY 40.00
ZUNYI HONGHUAGANG DIST 5.05 06/27/23 CNY 37.82
ZUNYI HONGHUAGANG DIST 5.05 06/27/23 CNY 39.79
ZUNYI NEW DISTRICT DEV 5.99 04/07/26 CNY 44.65
ZUNYI NEW DISTRICT DEV 5.99 04/07/26 CNY 55.62
ZUNYI ROAD & BRIDGE CO 6.10 04/27/23 CNY 34.20
ZUNYI TRAFFIC TRAVEL I 7.70 09/27/27 CNY 67.00
HONG KONG
---------
CAIYUN INTERNATIONAL I 5.50 04/08/22 USD 68.25
DR PENG HOLDING HONGKO 7.55 12/01/22 USD 63.41
HNA GROUP INTERNATIONA 6.25 10/05/21 USD 18.87
INDONESIA
---------
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 1.14
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 1.14
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 1.14
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 1.14
DELTA MERLIN DUNIA TEK 2.50 06/26/28 USD 13.95
SRI REJEKI ISMAN TBK P 7.25 01/16/25 USD 20.43
SRI REJEKI ISMAN TBK P 7.25 01/16/25 USD 20.53
INDIA
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3I INFOTECH LTD 2.50 03/31/25 USD 9.88
ACME MEDAK SOLAR ENERG 0.01 08/29/46 INR 14.12
ACME RANGA REDDY SOLAR 0.01 08/31/46 INR 14.04
AMPSOLAR SOLUTION PVT 0.01 11/03/37 INR 27.68
AMPSOLAR SOLUTION PVT 0.01 10/27/37 INR 27.72
APG HABITAT PVT LTD 1.00 09/09/28 INR 63.61
APG INTELLI HOMES PVT 1.25 02/04/35 INR 45.61
APG INTELLI HOMES PVT 1.25 02/04/35 INR 45.65
ASSETS CARE & RECONSTR 1.00 03/30/29 INR 62.90
ASSETS CARE & RECONSTR 2.00 03/30/29 INR 68.75
ASSETS CARE & RECONSTR 2.00 03/30/29 INR 68.75
AUTOMOTIVE EXCHANGE PV 4.00 10/11/30 INR 62.38
AUTOMOTIVE EXCHANGE PV 4.00 06/01/30 INR 62.73
BODY CUPID PVT LTD 0.01 03/31/31 INR 48.09
BREEZE CONSTRUCTIONS P 0.01 06/29/30 INR 48.31
BRITANNIA INDUSTRIES L 5.50 06/03/24 INR 29.00
BRITANNIA INDUSTRIES L 8.00 08/28/22 INR 30.97
CHANDRAJYOTI ESTATE DE 0.01 07/06/30 INR 49.46
CREIXENT SPECIAL STEEL 0.01 08/28/25 INR 73.40
CUMULUS TRADING CO PVT 0.01 05/21/32 INR 41.69
CUMULUS TRADING CO PVT 0.01 01/23/30 INR 66.52
DEWAN HOUSING FINANCE 8.50 04/18/23 INR 28.71
DLF ASPINWAL HOTELS PV 0.01 10/15/30 INR 45.90
DLF EMPORIO RESTAURANT 0.01 08/12/30 INR 49.07
DLF EMPORIO RESTAURANT 0.01 06/29/30 INR 49.55
DLF HOME DEVELOPERS LT 0.01 06/29/30 INR 51.68
DLF HOMES SERVICES PVT 0.01 06/29/30 INR 48.31
DLF REAL ESTATE BUILDE 0.01 06/23/30 INR 49.49
DLF RECREATIONAL FOUND 0.01 10/15/30 INR 46.02
DLF RESIDENTIAL BUILDE 0.01 06/23/30 INR 48.25
DLF RESIDENTIAL DEVELO 0.01 06/28/30 INR 49.40
DLF SOUTHERN TOWNS PVT 0.01 07/09/30 INR 49.59
DOMUS REAL ESTATE PVT 0.01 07/11/30 INR 49.57
ECAP EQUITIES LTD 0.01 03/26/31 INR 48.79
EDEL LAND LTD 0.01 03/22/26 INR 70.19
EDELWEISS ASSET RECONS 2.00 07/22/29 INR 67.07
EDELWEISS ASSET RECONS 2.00 03/28/29 INR 68.19
EDELWEISS ASSET RECONS 2.00 01/15/29 INR 68.90
EDELWEISS ASSET RECONS 2.00 10/07/28 INR 69.89
EDELWEISS ASSET RECONS 2.00 11/20/27 INR 73.26
EDELWEISS RURAL & CORP 0.01 03/25/31 INR 49.60
ESSAR POWER TRANSMISSI 3.00 03/31/43 INR 49.16
ESSAR POWER TRANSMISSI 3.00 03/31/43 INR 49.16
FUTURE RETAIL LTD 5.60 01/22/25 USD 74.66
GREEN URJA PVT LTD 0.01 02/14/30 INR 51.60
GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 9.88
HCL INFOTECH LTD 0.10 03/31/36 INR 32.14
HITODI INFRASTRUCTURE 0.01 06/30/27 INR 63.00
JAIPRAKASH ASSOCIATES 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENTU 7.00 05/15/17 USD 4.58
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 29.87
JTPM ATSALI LTD 0.01 08/29/48 INR 12.50
JUNO MONETA TECHNOLOGI 0.01 05/18/26 INR 70.48
KANAKADURGA FINANCE LT 0.01 04/15/36 INR 28.62
KRIBHCO INFRASTRUCTURE 1.00 04/15/26 INR 74.88
KUSHALS RETAIL PVT LTD 1.00 05/13/29 INR 60.97
MARIS POWER SUPPLY CO 2.00 04/18/28 INR 71.45
MELOSA BUILDERS & DEVE 0.01 06/29/30 INR 48.33
MENS BUILDCON PVT LTD 0.01 06/29/30 INR 48.33
MYTRAH AADHYA POWER PV 0.01 07/05/35 INR 33.40
MYTRAH ADVAITH POWER P 0.01 07/13/36 INR 30.72
MYTRAH AKSHAYA ENERGY 0.01 07/13/36 INR 30.72
NANI VIRANI WIND ENERG 2.00 06/30/39 INR 43.81
NEEMUCH SOLAR POWER PV 0.01 08/29/46 INR 14.12
ORIGAMI CELLULO PVT LT 0.01 11/14/36 INR 29.44
POLY TOUGH TUBES LTD 1.00 04/19/26 INR 74.80
PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63
PUNJAB INFRASTRUCTURE 0.40 10/15/33 INR 44.89
PUNJAB INFRASTRUCTURE 0.40 10/15/32 INR 47.92
PUNJAB INFRASTRUCTURE 0.40 10/15/31 INR 51.31
PUNJAB INFRASTRUCTURE 0.40 10/15/30 INR 55.04
PUNJAB INFRASTRUCTURE 0.40 10/15/29 INR 59.09
PUNJAB INFRASTRUCTURE 0.40 10/15/28 INR 63.48
PUNJAB INFRASTRUCTURE 0.40 10/15/27 INR 68.25
PUNJAB INFRASTRUCTURE 0.40 10/15/26 INR 73.35
PURVANCHAL SOLAR POWER 0.01 08/29/46 INR 14.12
PYRAMID SAIMIRA THEATR 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 30.31
RAMANI ICECREAM CO LTD 0.01 12/29/35 INR 32.57
REDKITE CAPITAL PVT LT 2.50 03/30/29 INR 70.59
REDKITE CAPITAL PVT LT 2.50 01/15/28 INR 74.91
REI AGRO LTD 5.50 11/13/14 USD 0.96
REI AGRO LTD 5.50 11/13/14 USD 0.96
RELIANCE COMMUNICATION 6.50 11/06/20 USD 10.09
REWANCHAL SOLAR POWER 0.01 08/29/46 INR 14.12
SAKET HOLIDAYS RESORTS 0.01 06/29/30 INR 49.34
SANJWIN CONSULTING SOL 0.01 06/01/28 INR 59.07
SHIVAJI MARG MAINTENAN 0.01 06/28/30 INR 48.28
SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 23.63
STPL HORTICULTURE PVT 0.01 03/31/31 INR 56.78
SUNWORLD SOLAR POWER P 0.01 08/31/46 INR 14.04
SURBHI INVESTMENTS & T 2.50 10/21/28 INR 71.53
SUTARA ROADS & INFRA L 0.01 08/31/30 INR 56.77
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.50
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.50
SVOGL OIL GAS & ENERGY 5.00 08/17/15 USD 0.61
TATA SMARTFOODZ LTD 0.01 04/18/26 INR 68.95
TATA SMARTFOODZ LTD 0.01 11/23/25 INR 71.57
TATA SMARTFOODZ LTD 0.01 07/15/25 INR 73.93
TN URJA PVT LTD 0.10 02/22/36 INR 31.92
WATSUN INFRABUILD PVT 4.00 10/16/37 INR 60.07
WS T&D LTD 0.10 03/24/29 INR 55.76
JAPAN
-----
AVANSTRATE INC 0.15 10/29/32 JPY 9.75
HIS CO LTD 0.58 02/19/27 JPY 65.67
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 1.10 11/28/24 JPY 34.54
UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 38.24
UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 38.24
UNIZO HOLDINGS CO LTD 1.50 11/26/27 JPY 38.24
UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 45.49
UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 47.16
UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 51.54
UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 52.40
UNIZO HOLDINGS CO LTD 0.52 05/27/22 JPY 53.26
UNIZO HOLDINGS CO LTD 0.43 11/29/21 JPY 65.40
MALAYSIA
--------
ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.65
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.25
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.27
ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.10
HUME CEMENT INDUSTRIES 5.00 05/29/24 MYR 1.42
MALAYAN FLOUR MILLS BH 5.00 01/24/24 MYR 1.50
PENGURUSAN AIR SPV BHD 1.00 11/05/35 MYR 63.24
PENGURUSAN AIR SPV BHD 1.00 02/05/36 MYR 63.43
PENGURUSAN AIR SPV BHD 1.00 09/28/35 MYR 64.38
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 5.20
SD INTERNATIONAL SUKUK 7.00 03/12/25 USD 37.07
SD INTERNATIONAL SUKUK 6.30 05/09/22 USD 44.52
SENAI-DESARU EXPRESSWA 1.35 06/30/31 MYR 70.10
SENAI-DESARU EXPRESSWA 1.35 12/31/30 MYR 71.71
SENAI-DESARU EXPRESSWA 1.35 06/28/30 MYR 73.34
SENAI-DESARU EXPRESSWA 1.35 12/31/29 MYR 74.92
VIZIONE HOLDINGS BHD 3.00 08/08/21 MYR 0.02
NEW ZEALAND
-----------
PRECINCT PROPERTIES NE 4.80 09/27/21 NZD 1.18
PHILIPPINES
-----------
BAYAN TELECOMMUNICATIO 15.00 07/15/06 USD 19.63
SINGAPORE
---------
APL REALTY HOLDINGS PT 5.95 06/02/24 USD 72.38
ASL MARINE HOLDINGS LT 3.00 03/28/25 SGD 41.34
ASL MARINE HOLDINGS LT 3.00 10/01/26 SGD 41.38
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.59
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.59
BANYAN TREE HOLDINGS L 7.50 08/06/22 SGD 1.32
BLD INVESTMENTS PTE LT 8.63 03/23/15 USD 4.88
BLUE OCEAN RESOURCES P 8.00 12/31/21 USD 21.73
BLUE OCEAN RESOURCES P 8.00 12/31/21 USD 21.73
BLUE OCEAN RESOURCES P 8.00 12/31/21 USD 21.73
ENERCOAL RESOURCES PTE 9.25 08/05/14 USD 45.75
ETERNA CAPITAL PTE LTD 8.00 12/11/22 USD 45.98
ETERNA CAPITAL PTE LTD 7.50 12/11/22 USD 69.98
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 20.21
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 20.27
INDO INFRASTRUCTURE GR 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE L 6.00 12/11/24 USD 27.13
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 18.06
JGC VENTURES PTE LTD 10.75 08/30/21 USD 54.63
MICLYN EXPRESS OFFSHOR 8.75 11/25/18 USD 8.10
MODERNLAND OVERSEAS PT 6.95 04/13/24 USD 45.83
NT RIG HOLDCO PTE LTD 7.50 12/20/21 USD 55.41
ORO NEGRO DRILLING PTE 7.50 01/24/19 USD 14.68
PACIFIC RADIANCE LTD 4.30 03/31/20 SGD 10.00
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
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 7.13 04/18/17 SGD 6.13
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
SOUTH KOREA
-----------
CJ CGV CO LTD 1.00 06/08/51 KRW 70.25
FIRST 5G SECURITIZATIO 1.71 02/28/25 KRW 28.20
FIRST 5G SECURITIZATIO 1.89 11/28/25 KRW 28.57
HEUNGKUK FIRE & MARINE 5.70 12/29/46 KRW 41.13
KIBO ABS SPECIALTY CO 5.00 02/24/24 KRW 69.68
KIBO ABS SPECIALTY CO 5.00 02/24/23 KRW 72.38
KIBO ABS SPECIALTY CO 5.00 02/28/22 KRW 73.57
KIBO ABS SPECIALTY CO 5.00 02/24/22 KRW 74.43
KIBO ABS SPECIALTY CO 5.00 08/28/21 KRW 75.35
LOTTE CARD CO LTD 3.95 06/28/49 KRW 37.34
POSCO ENERGY CO LTD 5.21 08/29/43 KRW 64.45
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 S 5.00 06/27/22 KRW 61.81
SINBO SECURITIZATION S 5.00 02/23/22 KRW 63.31
SINBO SECURITIZATION S 5.00 07/24/22 KRW 63.37
SINBO SECURITIZATION S 5.00 07/26/22 KRW 63.44
SINBO SECURITIZATION S 5.00 08/29/22 KRW 64.24
SINBO SECURITIZATION S 5.00 08/31/22 KRW 64.28
SINBO SECURITIZATION S 3.00 11/21/23 KRW 64.32
SINBO SECURITIZATION S 5.00 01/26/22 KRW 64.36
SINBO SECURITIZATION S 5.00 01/25/22 KRW 64.42
SINBO SECURITIZATION S 5.00 09/26/22 KRW 64.63
SINBO SECURITIZATION S 4.00 12/25/23 KRW 65.91
SINBO SECURITIZATION S 4.00 12/25/23 KRW 65.91
SINBO SECURITIZATION S 5.00 06/30/23 KRW 65.93
SINBO SECURITIZATION S 5.00 06/27/23 KRW 65.96
SINBO SECURITIZATION S 4.00 06/30/24 KRW 66.00
SINBO SECURITIZATION S 4.00 06/30/24 KRW 66.00
SINBO SECURITIZATION S 4.00 09/29/24 KRW 66.57
SINBO SECURITIZATION S 4.00 09/29/24 KRW 66.57
SINBO SECURITIZATION S 5.00 01/25/23 KRW 66.68
SINBO SECURITIZATION S 4.00 08/28/24 KRW 66.70
SINBO SECURITIZATION S 4.00 08/28/24 KRW 66.70
SINBO SECURITIZATION S 4.00 07/29/24 KRW 66.82
SINBO SECURITIZATION S 4.00 04/15/24 KRW 66.86
SINBO SECURITIZATION S 5.00 09/26/23 KRW 67.06
SINBO SECURITIZATION S 5.00 09/26/23 KRW 67.06
SINBO SECURITIZATION S 5.00 09/26/23 KRW 67.06
SINBO SECURITIZATION S 5.00 07/24/23 KRW 67.07
SINBO SECURITIZATION S 5.00 07/29/23 KRW 67.08
SINBO SECURITIZATION S 5.00 08/29/23 KRW 67.09
SINBO SECURITIZATION S 5.00 08/29/23 KRW 67.09
SINBO SECURITIZATION S 5.00 09/09/23 KRW 67.25
SINBO SECURITIZATION S 3.00 01/29/24 KRW 67.44
SINBO SECURITIZATION S 5.00 11/21/23 KRW 67.98
SINBO SECURITIZATION S 5.00 06/30/24 KRW 68.13
SINBO SECURITIZATION S 5.00 10/24/23 KRW 68.19
SINBO SECURITIZATION S 5.00 10/24/23 KRW 68.19
SINBO SECURITIZATION S 5.00 02/27/24 KRW 68.34
SINBO SECURITIZATION S 5.00 08/31/21 KRW 68.40
SINBO SECURITIZATION S 5.00 09/29/24 KRW 68.87
SINBO SECURITIZATION S 5.00 08/28/24 KRW 69.03
SINBO SECURITIZATION S 5.00 07/29/24 KRW 69.17
SINBO SECURITIZATION S 5.00 07/29/24 KRW 69.17
SINBO SECURITIZATION S 4.00 01/29/24 KRW 69.44
SINBO SECURITIZATION S 4.00 01/29/24 KRW 69.44
SINBO SECURITIZATION S 5.00 07/26/21 KRW 69.63
SINBO SECURITIZATION S 5.00 01/29/23 KRW 71.11
SINBO SECURITIZATION S 5.00 12/25/22 KRW 71.37
SINBO SECURITIZATION S 5.00 12/25/23 KRW 71.69
SINBO SECURITIZATION S 5.00 02/28/22 KRW 73.56
SINBO SECURITIZATION S 5.00 03/20/23 KRW 73.90
SINBO SECURITIZATION S 5.00 02/28/23 KRW 74.06
SINBO SECURITIZATION S 5.00 12/27/21 KRW 74.25
SRI LANKA
---------
SRI LANKA DEVELOPMENT 4.72 01/22/25 USD 62.66
SRI LANKA DEVELOPMENT 5.98 01/22/25 USD 64.60
SRI LANKA DEVELOPMENT 6.02 01/22/25 USD 64.69
SRI LANKA DEVELOPMENT 6.05 01/22/25 USD 64.76
SRI LANKA DEVELOPMENT 6.50 01/22/25 USD 65.84
SRI LANKA DEVELOPMENT 6.75 01/22/25 USD 66.44
SRI LANKA DEVELOPMENT 6.80 01/22/25 USD 66.56
SRI LANKA DEVELOPMENT 6.82 01/22/25 USD 66.61
SRI LANKA DEVELOPMENT 6.87 01/22/25 USD 66.73
SRI LANKA DEVELOPMENT 6.99 01/22/25 USD 67.02
SRI LANKA DEVELOPMENT 7.68 01/22/25 USD 68.68
SRI LANKA DEVELOPMENT 7.95 05/01/24 USD 72.29
SRI LANKA DEVELOPMENT 7.99 05/01/24 USD 72.46
SRI LANKA DEVELOPMENT 4.04 05/01/23 USD 73.35
SRI LANKA DEVELOPMENT 4.08 05/01/23 USD 73.41
SRI LANKA DEVELOPMENT 4.17 03/16/23 USD 74.91
SRI LANKA GOVERNMENT I 6.20 05/11/27 USD 62.78
SRI LANKA GOVERNMENT I 6.20 05/11/27 USD 62.83
SRI LANKA GOVERNMENT I 6.75 04/18/28 USD 62.83
SRI LANKA GOVERNMENT I 6.75 04/18/28 USD 62.83
SRI LANKA GOVERNMENT I 7.55 03/28/30 USD 62.89
SRI LANKA GOVERNMENT I 7.55 03/28/30 USD 62.90
SRI LANKA GOVERNMENT I 7.85 03/14/29 USD 63.01
SRI LANKA GOVERNMENT I 7.85 03/14/29 USD 63.06
SRI LANKA GOVERNMENT I 6.83 07/18/26 USD 64.44
SRI LANKA GOVERNMENT I 6.83 07/18/26 USD 64.56
SRI LANKA GOVERNMENT I 6.13 06/03/25 USD 65.28
SRI LANKA GOVERNMENT I 6.13 06/03/25 USD 65.37
SRI LANKA GOVERNMENT I 6.85 11/03/25 USD 65.40
SRI LANKA GOVERNMENT I 6.85 11/03/25 USD 65.42
SRI LANKA GOVERNMENT I 6.35 06/28/24 USD 66.20
SRI LANKA GOVERNMENT I 6.35 06/28/24 USD 66.31
SRI LANKA GOVERNMENT I 6.85 03/14/24 USD 66.32
SRI LANKA GOVERNMENT I 6.85 03/14/24 USD 66.34
SRI LANKA GOVERNMENT I 5.75 04/18/23 USD 72.69
SRI LANKA GOVERNMENT I 5.75 04/18/23 USD 72.72
SRILANKAN AIRLINES LTD 7.00 06/25/24 USD 64.06
THAILAND
--------
G STEEL PCL 3.00 10/04/15 USD 0.55
MDX PCL 4.75 09/17/03 USD 22.88
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.
Copyright 2021. All rights reserved. ISSN: 1520-9482.
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