/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
   -----

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.

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

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



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