/raid1/www/Hosts/bankrupt/TCRAP_Public/210824.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 24, 2021, Vol. 24, No. 163
Headlines
A U S T R A L I A
AXL FINANCIAL: First Creditors' Meeting Set for Aug. 30
SPRINGSIDE HOLDINGS: First Creditors' Meeting Set for Sept. 1
C A M B O D I A
CAMBODIA: Moody's Affirms 'B2' LT Issuer Ratings, Outlook Stable
C H I N A
CHINA EVERGRANDE: Pledges to Fix Debt After Rare China Rebuke
I N D I A
AGROHA COLOURTEC: CARE Keeps D Debt Ratings in Not Cooperating
ARVIND SYNTEX: CARE Keeps B- Debt Rating in Not Cooperating
B.D. MEMORIAL: Ind-Ra Keeps 'BB+' Loan Rating in Non-Cooperating
BAJPE ZAKARIYA: CARE Keeps B- Debt Rating in Not Cooperating
BALAJI MOBITECH: CARE Keeps D Debt Rating in Not Cooperating
BHAGIRATHI RICE: CARE Lowers Rating on INR7cr LT Loan to B-
BHANDARI AGROFEEDS: CARE Cuts Rating on INR11.50cr Loan to B
CAPACITE INFRAPROJECTS: Ind-Ra Lowers LT Issuer Rating to 'D'
DANTAL HYDRAULICS: Ind-Ra Lowers Long-Term Issuer Rating to 'BB'
HYDERABAD STEELS: CARE Keeps C Debt Rating in Not Cooperating
HYGIENE FEEDS: CARE Keeps D Debt Rating in Not Cooperating
IMAGICAAWORLD: CARE Keeps D Debt Rating in Not Cooperating
JBF INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
KELZAI ECO: CARE Lowers Rating on INR55cr LT Loan to B
M. RANGANATHAN: CARE Keeps D Debt Ratings in Not Cooperating
MAHAVIR IRON: CARE Lowers Rating on INR7cr LT Loan to B-
MSE INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
PATIDAR AGRICARE: CARE Keeps B- Debt Rating in Not Cooperating
PRECAST INDIA: CARE Lowers Rating on INR20cr LT Loan to C
R. R. AND COMPANY: CARE Keeps B- Debt Rating in Not Cooperating
RAJESHREE INDUSTRIES: CARE Keeps D Rating in Not Cooperating
RAUNAQ CONSTRUCTION: CARE Cuts Rating on INR24.44cr LT Loan to D
REDDY AND REDDY: CARE Keeps C Debt Ratings in Not Cooperating
S. GURUSIDDAIAH: CARE Keeps C Debt Rating in Not Cooperating
SANTOSH CHARITABLE: CARE Moves D Debt Ratings to Not Cooperating
SEVEN HILLS: CARE Keeps B- Debt Ratings in Not Cooperating
SINHA SQUARE: CARE Keeps D Debt Rating in Not Cooperating Category
T. C. MOTORS: CARE Lowers Rating on INR25.57cr LT Loan to B-
TIRUPATI COMMODITIES: CARE Keeps D Debt Ratings in Not Cooperating
VIZEBH AGRI: CARE Keeps D Debt Rating in Not Cooperating Category
YOGIRAJ EXPORT: CARE Keeps D Debt Rating in Not Cooperating
YOGIRAJ GINNING: CARE Keeps D Debt Rating in Not Cooperating
ZOMATO LTD: Dissolves, Winds Up Step-Down Subsidiary in US
I N D O N E S I A
INDIKA ENERGY: Fitch Affirms 'BB-' LT IDRs, Outlook Negative
N E W Z E A L A N D
LATITUDE NZ 2021-1: Fitch Assigns BB Rating on Class E Notes
ROSS ASSET: Investors Reach Settlement With ANZ Bank
S I N G A P O R E
FIT GLOBAL: Creditors' Proofs of Debt Due on Sept. 20
VIKING OFFSHORE: Resumed Trading on August 23
T H A I L A N D
THAILAND: Closures, Layoffs Add Major Downside Risks to Economy
X X X X X X X X
[*] BOND PRICING: For the Week Aug. 16, 2021 to Aug. 20, 2021
- - - - -
=================
A U S T R A L I A
=================
AXL FINANCIAL: First Creditors' Meeting Set for Aug. 30
-------------------------------------------------------
A first meeting of the creditors in the proceedings of AXL
Financial Pty Limited will be held on Aug. 30, 2021, at 11:30 a.m.
teleconference from 'One Wharf Lane', Level 20, 171 Sussex Street,
in Sydney, NSW.
Jason Tang and Andre Lakomy of Cor Cordis were appointed as
administrators of AXL Financial on
Aug. 18, 2021.
SPRINGSIDE HOLDINGS: First Creditors' Meeting Set for Sept. 1
-------------------------------------------------------------
A first meeting of the creditors in the proceedings of Springside
Holdings Pty Limited (Formerly known as DFK - Richard Hill Pty
Limited) will be held on Sept. 1, 2021, at 11:00 a.m. via virtual
meeting.
Adam Edward Farnsworth of Farnsworth Carson was appointed as
administrator of Springside Holdings on Aug. 20, 2021.
===============
C A M B O D I A
===============
CAMBODIA: Moody's Affirms 'B2' LT Issuer Ratings, Outlook Stable
----------------------------------------------------------------
Moody's Investors Service has affirmed the Government of Cambodia's
B2 long-term issuer ratings. The outlook remains stable.
The rating affirmation and stable outlook balance Moody's
expectations of a reversion to sustained growth over the coming
years, supported by moves toward economic diversification and
government investment, against higher debt levels arising from
persistent pandemic-related revenue and expenditure impacts. Though
higher relative to pre-pandemic ratios, Cambodia's debt burden will
remain below the median for B-rated peers. The rating also
incorporates Cambodia's exposure to financial stability risks in
the banking system in the event of a downturn in credit growth; as
well as political risks.
Cambodia's local and foreign currency country ceilings remain
unchanged at Ba3 and B1, respectively. The two-notch gap between
the local currency ceiling and the sovereign rating reflects low
economic diversification, weak institutional strength and a modest
government footprint, balanced by a moderate external vulnerability
risk . The one-notch gap between the foreign currency ceiling and
the local currency ceiling incorporates Moody's assessment of
Cambodia's policy effectiveness and transfer and convertibility
restrictions in times of stress.
RATINGS RATIONALE
RATIONALE FOR THE RATING AFFIRMATION AT B2
GROWTH WILL RECOVER TO SUSTAINED RATES, SUPPORTED BY GREATER
DIVERSIFICATION AND GOVERNMENT INVESTMENT
Over the past year, the coronavirus pandemic has severely impacted
Cambodia's key growth drivers - the garment industry and tourism.
Although the impact on growth was modest in 2020, a resurgence in
infection rates since early 2021 has forced stricter mobility
restrictions. As a result, Moody's expects GDP in Cambodia to
record only a gradual expansion of 2.4% in 2021, following a 3.1%
contraction in 2020. In 2022, Moody's expects real GDP growth of
around 6%, assuming a gradual loosening of mobility restrictions
that enable some recovery in tourism and manufacturing activity.
Under these assumptions, nominal GDP will recover to pre-pandemic
levels by 2022.
Tourism, which directly accounted for about 5% of total GDP, saw a
collapse in arrivals over 2020. Moody's expects visitor arrivals
will remain extremely low in 2021. The recovery path will be
closely guided by the vaccination roll-out, both in the region and
outside.
The coronavirus has also exacted a toll on the garment industry.
Textile exports, including garments and footwear, which comprised
nearly three-fourths of Cambodia's total exports in 2019, fell by
17% in 2020, as pandemic-related weaknesses weighed on demand from
the European Union and the United States, its largest markets.
However, the upturn in retail sales and consumer confidence in
these markets will support overall demand; as reflected in both
garment exports as well as imports of raw materials. Moody's
assumes an easing of restrictions in Cambodia by early 2022 to
facilitate the return of factory workers, likely resulting in an
uptick in overall production and exports. Long-term risks to the
sector's competitiveness could arise from Cambodia's wage rates
being higher than regional peers, and a possible long-lasting loss
of a portion of the labor force to primary industries.
Moody's expects on-going export diversification to support the
economic recovery. Although the garment industry will likely remain
one of the largest growth drivers for the next few years, the
government's broader economic policy, industrial, and trade
strategies are focused on driving greater diversification of
Cambodia's exports, leveraging value-added from the country's large
agriculture sector, travel goods, the logistics sector, and low
value-added electrical components. Ongoing efforts to revise the
investment law seek to streamline policies and procedures to
starting a business, and incentivize more diverse investment flows.
New trade agreements, including the RCEP, and bilateral agreements
with China and South Korea will further support overall trade and
investment flows.
Government spending will also support growth, with major public
sector infrastructure projects and work on large private sector
projects remaining on track.
DESPITE FISCAL DETERIORATION, DEBT RATIOS WILL REMAIN BELOW MEDIAN
LEVELS
Despite the negative impact on its fiscal strength, narrow fiscal
deficits pre-pandemic and a modest debt ratio afforded Cambodia
with some fiscal capacity to respond to the pandemic. The response
included large stimulus measures, amounting to 3.1% of GDP in 2020,
and a further 5.0% of GDP in 2021, including cash transfers, cash
for work, and the provision of social security benefits, which
significantly helped reduce the impacts faced by the vulnerable
population.
Additional spending drove a widening in the fiscal deficit to
nearly 9% of GDP in 2020 from a surplus of 3.0% of GDP in 2019, and
Moody's expects a further widening to over 10% in 2021. Wider
deficits will result in an increase in the debt burden to around
42% of GDP this year, hovering around those levels until 2024, from
over 34% of GDP in 2020, even taking into consideration the
deployment of some government savings. However, even with the
deterioration Moody's projects, Cambodia's debt burden would still
be considerably below the median for B-rated sovereigns, projected
at 58% of GDP.
Moreover, Cambodia's debt burden is funded entirely through
concessional sources with borrowing at low costs. In addition, the
government also parked deposits with the central bank, which offers
a further buffer -- these amounted to KHR20 trillion ($4.8 billion
or 18% of GDP) at the end of 2019.
However, all government debt is foreign currency denominated,
leaving debt servicing requirements subject to currency
fluctuations. The government is in the process of establishing a
domestic debt market, which would support ongoing efforts towards
the de-dollarisation of the economy, but the project remains in the
early stages.
BANKING SECTOR AND POLITICAL RISKS CONTINUE TO POSE EVENT RISK
A decade of high credit growth has raised systemic risks stemming
from the banking sector. Although credit growth is fairly
broad-based, such risks could potentially be triggered by a sharp
decline in real estate prices, or a withdrawal of regulatory
forbearance. The large size of the domestic banking system, with
total assets at 209% of GDP at the end of 2020, means that strains
in the banking system would have repercussions for the economy as a
whole and represent contingent liability risks for the sovereign.
Following ten consecutive years of increases averaging close to 30%
year-on-year, total credit from the banking system slowed last
year, with growth under 20%. The decline was driven by slowdowns in
key sectors, particularly the hospitality and tourism sector, but
lending to construction and real estate also moderated. However,
mortgage growth continued to expand, rising by 40% year-on-year in
2020.
In order to support vulnerable corporates and household, the
central bank allowed banks and financial institutions to
restructure loans in key sectors, including garments, construction,
transportation and logistics, and tourism. At the end of the year,
restructured loans amounted to 9.3% and 16.0% of total loans for
banks and microfinance institutions respectively.
The level of non-performing loans for banks and microfinance
institutions inched higher, to 2.1% in 2020 from 1.6% in 2019. The
deterioration would have been greater if not for the
above-mentioned regulatory forbearance on loan classification and
restructuring, that will remain in place until December 2021.
Before the pandemic, both banks and microfinance institutions in
Cambodia were largely profitable, deposit-funded and with strong
liquidity buffers. While liquidity has remained stable, Moody's
expects asset quality to worsen, given the stock of restructured
loans that could underperform as forbearance measures are unwound.
This would lead to rising provisions, lower profitability, and
potential stress on bank solvency.
Another factor driving overall event risks is political risk. The
domination of a single party over the past two decades in the
overall political system has contributed to low domestic political
accountability and raises leadership succession risks. In turn,
succession could have a bearing on geopolitical relations with
potential consequences for preferential trade access, access to
funding for the government and the flow of foreign direct
investment. The materialization of such risks would impact
Cambodia's credit profile through weaker growth, public finances,
and pressures on the financing of the current account deficit.
RATIONALE FOR THE STABLE OUTLOOK
The stable outlook balances vulnerability to shocks against
mitigating factors. Risks to growth and financial stability are
presently mitigated by a modest debt burden and strong debt
affordability. The concessional and long-term nature of Cambodia's
debt reduces the risk of near-term liquidity pressures for the
government.
Credit weaknesses arise from potential external vulnerabilities.
Current account deficits are wide, financed by FDI. With an
uncertain outlook for investments, the risk of balance of payment
shortfalls has risen, although Cambodia has a long history of
external stability through cycles.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE CONSIDERATIONS:
Cambodia's ESG Credit Impact Score is highly negative (CIS-4),
reflecting its highly negative exposure to social risks and its
weak governance profile.
Cambodia's exposure to environmental risks is moderately negative
(E-3 issuer profile score), driven by physical climate risks. The
economy has been subject to droughts and floods, which pose
disruptions to agricultural activity and can deter tourist
activity, both major economic drivers. Water scarcity is also a
consideration, since a large proportion of the rural population
lacks access to safe drinking water.
Exposure to social risks is highly negative (S-4 issuer profile
score). Despite a young and growing population, low per capita
incomes and a poor provision of health, education services as well
as weak access to other basic infrastructure, albeit improving,
have constrained human capital development.
The influence of governance on Cambodia's credit profile is
negative (G-4 issuer profile score), which reflects weak
institutional arrangements, a high incidence of corruption,
generally weak rule of law, and more limited policy effectiveness.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
FACTORS THAT COULD LEAD TO AN UPGRADE
Moody's would consider upgrading the rating if, over time, reforms
were likely to address the country's institutional weaknesses and
enhance policy effectiveness, such as control of corruption and
rule of law. Upward rating pressures may also arise from the
implementation of structural reforms that support competitiveness
and reduce hurdles to doing business, contributing to a material
increase in economic diversification and incomes. Such an outcome
would bolster the economy's resilience to shocks.
FACTORS THAT COULD LEAD TO A DOWNGRADE
Moody's would consider downgrading the rating if downside pressure
on asset prices were material and likely to be prolonged, leading
to significant liquidity and solvency strains in the domestic
banking system, raising macro-stability risks for the sovereign.
A sharp or sustained slowdown in growth beyond Moody's baseline
expectations, either owing to the impacts of the ongoing
coronavirus outbreak, pronounced repercussions from the withdrawal
of preferential trade access or an unwinding of credit growth,
would also present downward pressures on the rating.
Other triggers for a downgrade could arise from a fall in foreign
direct investment inflows, possibly due to domestic, economic or
political, or external shocks. This would raise pressure on
financing of the current account deficit and present external
vulnerability risks.
GDP per capita (PPP basis, US$): 4,695 (2020 Actual) (also known as
Per Capita Income)
Real GDP growth (% change): -3.1% (2020 Actual) (also known as GDP
Growth)
Inflation Rate (CPI, % change Dec/Dec): 2.9% (2020 Actual)
Gen. Gov. Financial Balance/GDP: -8.9% (2020 Actual) (also known as
Fiscal Balance)
Current Account Balance/GDP: -12.2% (2020 Actual) (also known as
External Balance)
External debt/GDP: 62.6% (2020 Actual)
Economic resiliency: b2
Default history: No default events (on bonds or loans) have been
recorded since 1983.
On August 17, 2021, a rating committee was called to discuss the
rating of the Cambodia, Government of. The main points raised
during the discussion were: The issuer's economic fundamentals,
including its economic strength, have not materially changed. The
issuer's institutions and governance strength, have materially
increased. The issuer's fiscal or financial strength, including its
debt profile, has materially decreased. The issuer has become
increasingly susceptible to event risks.
The principal methodology used in these ratings was Sovereign
Ratings Methodology published in November 2019.
=========
C H I N A
=========
CHINA EVERGRANDE: Pledges to Fix Debt After Rare China Rebuke
-------------------------------------------------------------
Bloomberg News reports that China Evergrande Group pledged to fix
its debt problems following a rare public rebuke from regulators as
the developer struggles to stave off a liquidity crisis.
According to Bloomberg, Evergrande said that it will do its best to
maintain stable operations, resolve debt risks, and keep stability
in housing and financial markets. The People's Bank of China and
the China Banking and Insurance Regulatory Commission earlier told
the group to address its debt woes and refrain from spreading
"untrue" information.
Bloomberg relates that the regulators issued the joint statement on
Aug. 19 after meeting with the developer's executives. Evergrande
will disclose material events in accordance with laws and
regulations and clarify untrue information in a timely way, the
company said in a statement.
The rebuke is the clearest sign yet that Chinese authorities are
losing patience with Evergrande, which poses a potential systemic
risk to the world's second-largest economy, says Bloomberg. With
more than $300 billion of liabilities, the conglomerate's fate has
broad implications for China's $50 trillion financial system and
the nation's banks, trusts and millions of homeowners.
"This is a strong warning to the company," Bloomberg quotes Chuanyi
Zhou, a credit analyst at Lucror Analytics, as saying. "We expect
an acceleration in asset sales, introducing strategic investors and
advancing negotiations with suppliers."
Analyst views were mixed on what the regulatory statement signaled
about Beijing's willingness to provide financial support to
Evergrande via state-owned banks and investors, Bloomberg says.
While some see the developer as too big to fail, market hopes for a
government bailout have been fading in recent weeks.
Evergrande is in talks to sell its Hong Kong headquarters building
to state-owned Yuexiu Property Co, relays Bloomberg. While nothing
is decided, Evergrande has floated a potential price tag of more
than $2 billion higher than its HK$12.5 billion ($1.6 billion)
purchase cost in 2015.
Evergrande also said its board will hold a meeting Aug. 31 to
approve first-half results ended June 30, adds Bloomberg.
About China Evergrande
China Evergrande Group is an integrated residential property
developer. The Company, through its subsidiaries, operates in
property development, investment, management, finance, internet,
health, culture, and tourism markets.
As reported in the Troubled Company Reporter-Asia Pacific, S&P
Global Ratings, on Aug. 5, 2021, downgraded China Evergrande Group
and its subsidiaries Hengda Real Estate Group Co. Ltd. and Tianji
Holding Ltd. to 'CCC' from 'B-'. S&P also lowered its long-term
issue rating on the U.S. dollar notes issued by Evergrande and
guaranteed by Tianji to 'CCC-' from 'CCC+'.
The negative outlook reflects Evergrande's increasing strained
liquidity and nonpayment risk. It also reflects S&P's view that its
asset disposal plan, though potentially substantial, lacks
visibility or certainty.
=========
I N D I A
=========
AGROHA COLOURTEC: CARE Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Agroha
Colourtec Private Limited (ACPL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 10.75 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 14.25 CARE D; ISSUER NOT COOPERATING;
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 4, 2020, placed the
rating(s) of ACPL under the 'issuer non-cooperating' category as
ACPL had failed to provide information for monitoring of the rating
and had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. ACPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
April 20, 2021, April 30, 2021, May 10, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.
Agroha Colourtec Private Limited (ACPL) is promoted by Mr. Devendra
Kumar Aggarwal, Mr. Ravinder Kumar Aggarwal and their family
members. The company belongs to the Prayag group, which also
includes Prayag Polytech Private Limited (PPPL). ACPL is engaged in
manufacturing of black masterbatches and has one manufacturing
facility located in Bhiwadi, Rajasthan with a total production
capacity of 22,000 MTPA (metric tonne per annum). ACPL also
undertakes job-work for PPPL incorporated in 1982, PPPL is engaged
in manufacturing and export of master batches. The company
manufactures colour, white and additive masterbatches and has two
manufacturing facilities located in Bhiwadi with a total production
capacity of 38,000 MTPA.
ARVIND SYNTEX: CARE Keeps B- Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Arvind
Syntex Private Limited (ASPL) continues to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 10.00 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 18, 2020, placed the
rating(s) of ASPL under the 'issuer non-cooperating' category as
ASPL had failed to provide information for monitoring of the rating
and had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. ASPL continues to be
noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 4, 2021, May 14, 2021, May 24, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Alwar (Rajasthan) based, Arvind Syntex Private Limited (ASPL) was
incorporated by Mr. Hari Ram Sharma and Mr. Subhash Sharma in
November 1986 as a private limited company. The company started its
operations by manufacturing readymade garments. In 2013, the
business operations were discontinued. However, in March 2014, the
company resumed its business operations of manufacturing of
ready-made garments. Currently, the company is being managed by Mr.
Hari Ram Sharma, Mr. Arvind Sharma and Punam Sharma. The raw
material required for the manufacturing of garments include cotton
yarn, polyester yarn, viscose yarn, etc., which is procured by the
company from manufacturers and wholesalers based in Delhi, Himachal
Pradesh, Punjab and Uttar Pradesh. The company sells its products
to wholesalers based in Punjab, Delhi and Uttar Pradesh. ASPL has
an associate concern, namely, Ajay Overseas Private Limited, which
is engaged in manufacturing of steel ingots (established in 2003).
B.D. MEMORIAL: Ind-Ra Keeps 'BB+' Loan Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained B. D. Memorial
Institute's (BDMI) bank loan rating in the non-cooperating category
and has simultaneously withdrawn the same.
The detailed rating action is:
-- INR95.07 mil. Bank loans* maintained in non-cooperating
category and withdrawn.
*Maintained at 'IND BB+ (ISSUER NOT COOPERATING)' before being
withdrawn
KEY RATING DRIVERS
The rating has been maintained in the non-cooperating category as
BDMI did not participate in the rating exercise despite continuous
requests and follow-ups by Ind-Ra.
Ind-Ra is no longer required to maintain the rating, as it has
received a no objection certificate from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies.
COMPANY PROFILE
BDMI, a registered society, was established in 1966. It manages a
school (B. D. Memorial International School) in Pratapgarh,
Kolkata. The school offers K-12 education and Central Board of
Secondary Education Curriculum.
BAJPE ZAKARIYA: CARE Keeps B- Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Bajpe
Zakariya (BZ) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.85 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated August 21, 2020, placed the
rating(s) of BZ under the 'issuer noncooperating' category as BZ
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. BZ continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
July 7, 2021, July 17, 2021 and July 27, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Mr. Bajpe Zakariya is a successful business man who proposes to
establish a Community hall with a seating capacity of 1000 people
in Mangalore. The establishment will be containing a main hall,
mini hall and the open air with dining. According to requirement of
the customers both A/C and non-A/C facility will be provided. The
registered office and the proposed property is also located in
Mangalore, Karnataka.
BALAJI MOBITECH: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Balaji
Mobitech Private Limited (BMPL) continue to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 10.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 10.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide press release dated June 17, 2020, had placed the
ratings of BMPL under the 'Issuer Non-cooperating' category as the
company had failed to provide information for monitoring of the
ratings and had not paid the surveillance fees for the rating
exercise as agreed to in its rating agreement. BMPL continues to be
non-cooperative despite requests for submission of information
through phone calls and e-mails dated May 3, 2021, May 13, 2021 and
May 23, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.
Balaji Mobitech Pvt. Ltd. (BMPL) was incorporated on April 25,
2007. BMPL is involved in trading of mobile phones, mobile phone
batteries & chargers and accessories such as hand-free kit, data
cable, MMC card etc. As already communicated during last review, in
July'15, Mr. Sushil Kumar sold his entire share to the current
director's viz. Mr. Amit Singhania & Mr. Amit Aggarwal. The company
buys 'MAXX' brand mobile handsets, batteries and other accessories
from Maxx Mobile Communications Ltd, Maxx Moblink Pvt. Ltd, and
other distributors of MMCL & MMPL. The company also sells mobile
phones & accessories imported from China.
BHAGIRATHI RICE: CARE Lowers Rating on INR7cr LT Loan to B-
-----------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Bhagirathi Rice Mill (BRM), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 7.00 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category and
Revised from CARE B; Stable
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated August 17, 2020, placed the
rating(s) of BRM under the 'issuer non-cooperating' category as BRM
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. BRM continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
July 3, 2021, July 13, 2021 and July 23, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The ratings assigned to the bank facilities of BRM have been
revised on account of non-availability of requisite information.
Udupi based, Bhagirathi Rice Mill was established in 2009 as a
partnership firm by Mr. Nagesh Nayak, Mr. Dinesh Nayak and Mrs.
Vaishali Nayak. However, in 2018, the firm was taken over by
Bhagirathi Rice Mill (BRM) and Mrs. Rajani Nayak and Mrs. Divya
Nayak joined the firm as partners. BRM is engaged in milling and
processing of rice. The rice milling unit of the firm is located at
Udupi, Karnataka. Apart from rice processing, the firm is also
engaged in selling off bi-products such as broken rice, husk and
bran. The main raw material, paddy, is directly procured from local
traders or brokers located in and around Udupi District and the
firm sells rice and other bi-products in the states of Karnataka
and Kerala.
BHANDARI AGROFEEDS: CARE Cuts Rating on INR11.50cr Loan to B
------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Bhandari Agrofeeds Private Limited (BAPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 11.50 CARE B; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category and
Revised from CARE B; Stable
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 16, 2020, placed the
rating(s) of BAPL under the 'issuer non-cooperating' category as
BAPL had failed to provide information for monitoring of the rating
and had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. BAPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 2, 2021, May 12, 2021, May 22, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Bhandari Agrofeeds Private Limited (BAPL) was incorporated on
February 21, 2014 to set up a unit for manufacturing on animal and
cattle feeds at Uluberia, Howrah. The unit has started commercial
operations in October 2016. The day-to-day affairs of the company
are looked after by Mr. Rajesh Bhandari (Managing Director) along
with the help of other directors and a team of experienced
personnel.
CAPACITE INFRAPROJECTS: Ind-Ra Lowers LT Issuer Rating to 'D'
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Capacite
Infraprojects Limited's (CIL) Long-Term Issuer Rating to 'IND D'
from 'IND A'. The Outlook is Negative.
The instrument-wise rating actions are:
-- INR1.248 bil. (increased from INR1,242.7 bil.) Term loans
(Long term) due up to FY26 downgraded with IND D rating;
-- INR675 mil. Proposed Term loans(Long term)* downgraded and
assigned$ with IND D rating;
-- INR1.0 bil. Proposed non-convertible debentures (NCDs)
withdrawn (the company did not proceed with the instrument as
envisaged);
-- INR1.250 bil.(increased from INR1.150 bil.) Fund-based working
capital limits (Long term/short term) downgraded with IND D
rating;
-- INR325 mil. (reduced from INR750 mil.) Sales invoice/bill
discounting limits (Long term/short term) downgraded with
IND D rating;
-- INR3.0 bil. Proposed non-fund-based working capital limits
(Long term/short term)* downgraded and assigned$ with IND D
rating; and
-- INR9.070 bil. (reduced from INR15.550 bil.) Non-fund-based
working capital limits (Long term/short term) downgraded with
IND D rating.
* The provisional rating of the proposed bank facilities has been
converted to final rating as per Ind-Ra's updated policy. This is
because the agency notes that debt seniority and general terms and
conditions of the proposed limits tend to be uniform across
lenders, and are not a rating drive.
$Downgraded to 'Provisional IND D' before being assigned.
The downgrade reflects CIL's challenges with liquidity, which led
to default in the servicing of its debt obligations. The liquidity
situation worsened during the time of the pandemic as the execution
profile of the company deteriorated significantly, resulting in
cash flow mismatches. While the company availed of the Reserve Bank
of India (RBI)-prescribed moratorium in the 1HFY21, the liquidity
challenges continued in the 2HFY21. Although the company's
execution profile improved slightly in 2HFY21, it was not able to
generate sufficient cash flows due to the severity of the
pandemic-led lockdown in Mumbai Metropolitan Region (accounted for
91.8% of the unexecuted order book including a MHADA project at
FYE21; 91.9% without MHADA project).
While the agency was informed that the company had applied for
enhancements from all the lenders under Emergency Credit Line
Guarantee Scheme (ECLGS) 2.0 scheme, these loans were disbursed
with a time lag, majorly on account of availing internal approvals
from various lenders; this resulted in the company delaying on its
repayment obligations. These delays were also commented on by the
auditor in the independent audit report for FY21 where the extent
of delays (61-90 days) were regularized post the disbursement of
the ECLGS 2.0 loans.
The agency was receiving No-Default Statement from the company, as
per SEBI requirement (circular number SEBI/HO /MIRSD/MIRSD4 /CIR/P
/2017/71, as of August 10, 2021) from November 2020 to July 2021
and a management certificate confirming no irregularities for the
period between June 2020 and May 2021. Furthermore, the agency was
informed that CIL had average monthly liquidity (cash balances in
various current accounts along with unencumbered fixed deposits) to
the tune of INR594.2 million against an average monthly repayment
obligation (principal+ interest component of the equipment loans)
of INR52.1 million over October 2020 - July 2021.
The agency had also considered the guidance made by RBI that
dispensation in the default recognition is provided only during the
period of moratorium and is not available during the sanction and
final disbursement of ECLGS scheme. Furthermore, the RBI had also
opined that there should not be delay in honoring the payment with
any lender anticipating disbursal of additional funds.
KEY RATING DRIVERS
Liquidity Indicator – Poor: CIL's net working capital cycle
surpassed Ind-Ra's expectation of high slippages and elongated to
177 days in FY21 (FY20: 95 days, FY19: 103 days) on account of an
increase in unbilled revenue and increased payments to creditors,
and lower execution.
To address the liquidity stress, the company availed of the
RBI-prescribed moratorium and also secured interchangeability of
non-fund-based limits (LC limits) to fund-based limits to some
extent till March 2021, while the overall sanctioned limits
remained unchanged. The fund-based limits available to CIL ranged
between INR2.1 billion and INR3.2 billion over May 2020-March 2021
with an average maximum utilization of 86%. Over the last 12 months
ended July, CIL on an average had maximum utilization of around 83%
of its fund-based limits, around 70% of its non-fund-based limits
and 60% of its LC limits.
CIL's liquidity is also largely contingent on the additional
financing that would be required by the company in FY22. The
company's repayment obligation is INR424 million in FY22. The
promoters have infused unsecured loans of INR470 million in 1QFY22
and the management is planning to raise equity to the tune of INR3
billion. However, Ind-Ra believes, the timely inflow of cash is
necessary to alleviate concerns originating from the company's
stressed liquidity profile.
Deterioration in Credit Profile: CIL's credit profile came under
stress in FY21 with net leverage (debt less unrestricted
cash/EBITDA) increasing to 2.03x at FYE21 (FY20: 0.78x) and
interest coverage (gross interest expense/EBITDA) declining to
1.94x (3.98x) Though the debt levels declined to INR2.86 billion in
FY21 (FY20: INR3.08 billion) the company's leverage was high on
account of a steeper deterioration in the EBIDTA.
RATING SENSITIVITIES
Timely debt servicing for at least three consecutive months could
result in a positive rating action.
COMPANY PROFILE
Incorporated in August 2012, CIL provides engineering, procurement
and construction/turnkey solutions for housing, high rises, super
high rises, specialty buildings and urban infrastructure. The
company has recently forayed into development of projects for the
public sector.
DANTAL HYDRAULICS: Ind-Ra Lowers Long-Term Issuer Rating to 'BB'
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Dantal
Hydraulics Private Limited's (DHPL) Long-Term Issuer Rating to 'IND
BB (ISSUER NOT COOPERATING)' from 'IND BBB (ISSUER NOT
COOPERATING)'.
The instrument-wise rating actions are:
-- INR385 mil. Fund-based working capital limit downgraded with
IND BB (ISSUER NOT COOPERATING)/IND A4+ (ISSUER NOT
COOPERATING) rating;
-- INR315 mil. Non-fund-based working capital limit downgraded
with IND A4+ (ISSUER NOT COOPERATING) rating; and
-- INR300 mil. Term loan due on October 2028 downgraded with
IND BB (ISSUER NOT COOPERATING) rating.
KEY RATING DRIVERS
The downgrade is pursuant to the Securities and Exchange Board of
India's circular SEBI/HO/MIRSD/CRADT/CIR/P/2020/2 dated January 3,
2020. As per the circular, any issuer with an investment-grade
rating remaining non-cooperative with a rating agency for more than
six months should be downgraded to a sub-investment grade rating.
For further details, refer to the agency's website
www.indiaratings.co.in.
The current outstanding rating of 'IND BB (ISSUER NOT COOPERATING)'
might not reflect DHPL's credit strength as the company has been
non-cooperative with the agency since 18 November 2020. Therefore,
investors and other users are advised to take appropriate caution
while using these ratings.
COMPANY PROFILE
Established 1990, DHPL is a leading manufacturer of customized
hydraulic cylinders and hydraulic systems, aircraft hydraulic
service trolleys and car parking solutions in India. It has three
manufacturing facilities at Manesar (Haryana), one manufacturing
facility at Peenya Industrial Area, Bengaluru and one distribution
set up in Gurugram.
HYDERABAD STEELS: CARE Keeps C Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Hyderabad
Steels (HS) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 4.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Short Term Bank 3.50 CARE A4; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 29, 2020, placed the
rating(s) of HS under the 'issuer noncooperating' category as HS
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. HS continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 14, 2021, June 24, 2021, and July 4, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Hyderabad Steels (HS) was founded in 2008 as a proprietorship and
was later reconstituted as a partnership firm during 2015. The firm
is engaged in the trading of steel and iron products such as Mild
Steel (MS) Ingots, Billets, MS Bars, MS Angles, MS Flats, Scrap,
Sponge Iron etc. The partners of the firm Ms. J. Raghavi Reddy and
Mr. M. Pavan Kumar are having 25 years of experience in iron and
steel trading business. The firm has its warehouse facility at
Nacharam, Hyderabad. HS clientele mostly consist of steel dealers
in Hyderabad.
HYGIENE FEEDS: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Hygiene
Feeds & Farms Private Limited (HFFPL) continues to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 60.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 12, 2020, placed the
rating(s) of HFFPL under the 'issuer non-cooperating' category as
HFFPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. HFFPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and email dated April 28,
2021, May 8, 2021, May 18, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Hygiene Feeds & Farms Pvt Ltd (HFFPL), incorporated in May 2010, is
promoted by Mr. Robin Dahiya and his family members. The company is
engaged in the manufacturing of poultry feeds (pre-starter, starter
and finished grades). The manufacturing facility of the company is
located in Panipat (Haryana) with total installed capacity of
around 1, 68,000 TPA/35 MTPH of poultry feed. The company supplies
poultry feed for broilers under its brand name of 'Hygiene Feeds'.
IMAGICAAWORLD: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of
Imagicaaworld Entertainment Limited (IEL) continues to remain in
the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 1,015.84 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE has been seeking information from IEL to monitor the rating(s)
vide e-mail communications dated April 6, 2021, April 16, 2021 and
April 26, 2021. However, despite CARE's repeated requests,
Imagicaaworld Entertainment Limited has not provided the requisite
information for monitoring the ratings. In line with the extant
SEBI guidelines, CARE has reviewed the rating on the basis of the
best available information which however, in CARE's opinion is not
sufficient to arrive at a fair rating. The rating on IEL's bank
facilities will now be denoted as CARE D, ISSUER NOT COOPERATING.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The rating continues to take into account ongoing delays in
interest servicing related to the term loans and NPA classification
of account by lenders.
At the time of the last rating on March 18, 2019 the following were
the rating strengths and weaknesses (updated for the information
available from audited financial available from Stock Exchange
fillings):
Key Rating weakness:
* Due to the poor liquidity position, there have been delays in
servicing of interest on term loans by the company.
* IEL continues to have delays in servicing its debt obligations
and classified as NPA by the lenders.
Imagicaaworld Entertainment Limited (IEL, earlier known as Adlabs
Entertainment Limited), which is promoted by Mr. Manmohan Shetty
and his family in 2009, owns and operates an amusement park called
'Imagica - located at Khopoli - Pali road, Khalapur, off the Mumbai
- Pune Expressway. The amusement park includes has a Theme Park, a
Water Park, a Hotel & now a Snow Park as well. The aforesaid
developments are spread over an aggregate area of approximately 132
acres out of the total land parcel of 302 acres at Khopoli. The
surplus land would be utilized for developing a township project by
Walkwater Properties Pvt Ltd, a wholly-owned subsidiary of IEL. IEL
also owns and operates an array of Food and Beverages (F&B) outlets
as well as retail and merchandise shops inside the theme park and
water park.
JBF INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of JBF
Industries Limited continue to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 426.83 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 1,600.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE has been seeking information from JBF to monitor the rating(s)
vide e-mail communications dated April 06, 2021, April 16, 202 and
April 26, 201. However, despite CARE's repeated requests, the
company has not provided the requisite information for monitoring
the ratings. In line with the extant SEBI guidelines, CARE has
reviewed the rating on the basis of the best available information
which however, in CARE's opinion is not sufficient to arrive at a
fair rating. The rating on JBF's bank facilities will now be
denoted as CARE D, ISSUER NOT COOPERATING.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The rating continues to takes into account ongoing delays in
interest servicing related to the term loans and NPA classification
of account by lenders.
Established in 1982, JBF Industries Limited (JBF) was founded by
Mr. Bhagirath Arya as a Yarn Texturising company, since then it has
established and expanded capacities into Polyester Chips (textile
grade, bottle grade and film grade), Partially Oriented Yarn (POY)
and Polyester (BOPET) film. It also manufactures Fully Drawn Yarn
(FDY) and Polyester Texturised Yarn (PTY). Today, JBF is one of the
leading Polyester value chain company not only in India but
globally. On a standalone basis, JBF is predominantly polyester
chips (textile grade & bottle grade) and POY player. Having
established itself in the domestic market, JBF ventured into
overseas markets by setting up a packaging-grade polyester chips
plant, JBF RAK LLC in the emirate of Ras AI Khaimah in 2005.
Further, it also commissioned a Polyester (BOPET) film plant at
Bahrain in 2014 and bottle grade Polyester chips plant at Geel,
Belgium in 2014. The manufacturing facilities of JBF are located in
Silvassa, Vapi, UAE, Bahrain and Belgium. JBF became a public
limited company in 1986 and is listed on NSE as well as BSE.
KELZAI ECO: CARE Lowers Rating on INR55cr LT Loan to B
------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Kelzai Eco Reserves Private Limited (KERPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 55.00 CARE B; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category and
Revised from CARE BB-; Stable
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 17, 2020, placed the
rating(s) of KERPL under the 'issuer non-cooperating' category as
KERPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. KERPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 3, 2021, May 13, 2021, May 23, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.
The rating assigned to the bank facilities of KERPL has been
revised due to non-availability of requisite information.
Kelzai Eco Reserves Private Limited (KERPL), incorporated on
November 22, 1989, is engaged in development of "Hospitality and
Real Estate" project at Roha in Raigad district of Maharashtra. The
project also involves nation's first privately managed Leopard
Safari. The promoter of the company, Mr. Aniruddha Deshpande, aged
55 years, has more than 18 years of experience in land development
and construction business.
M. RANGANATHAN: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of M.
Ranganathan (MR) continue to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 3.40 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 1.50 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 23, 2020, placed the
rating(s) of Mr. under the 'issuer noncooperating' category as Mr.
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. Mr. continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 8, 2021, June 18, 2021, and June 28, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Established in 2004, M. Ranganathan (MR) is a proprietorship
concern engaged in providing civil construction service. Mr. is
registered as Class-I civil contractor with State Highways
Department in 2004 and with Chennai Corporation in 2011. The entity
constructs roads and highways mainly for quasi Government entities
like the Chennai Corporation & State Highway Department and
municipalities.
MAHAVIR IRON: CARE Lowers Rating on INR7cr LT Loan to B-
--------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of Shri
Mahavir Iron & Steel Private Limited (SMISPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 7.00 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category and
Revised from CARE B; Stable
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 14, 2020, placed the
rating(s) of SMISPL under the 'issuer non-cooperating' category as
SMISPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. SMISPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 30, 2021, June 9, 2021, June 19, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The ratings assigned to the bank facilities of SMISPL have been
revised on account of non-availability of requisite information.
The ratings also factored in decline in scale of operations with
profitability and deterioration in debt coverage indicators during
FY20 over FY19.
Shri Mahavir Iron and Steel Private Limited (SMISPL), incorporated
in April 2010, was set up to manufacture iron and steel products.
The manufacturing facility is located at Mahavir Saw Mill, New
Timber Market, Fafadih, Raipur, and Chhattisgarh with an installed
capacity of around 20000 tonnes per annum. The day-to-day affairs
of the company are looked after by Mr. Sunil Kumar Patel, with
adequate support from other directors and a team of experienced
personnel.
MSE INDUSTRIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of MSE
Industries (MI) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 2.89 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 2.10 CARE D; ISSUER NOT COOPERATING;
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 23, 2020, placed the
rating(s) of MI under the 'issuer noncooperating' category as MI
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. MI continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 8, 2021, June 18, 2021, and June 28, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
MSE Industries (MSE) is a partnership firm established in year 2006
by Mr. K.B. Mahesh Kumar and his wife Mrs. Sreelatha with equal
profit sharing ratio. The commercial operations of the firm were
started from the year 2007. The firm is engaged in the
manufacturing of Hangers & Suspensions, Load hangers namely
Constant load hangers and Variable load hangers (patented design
manufactured based on "Lisega Technology", Germany), Conveyor
systems, Coal handling systems & Bunkers, ducts and Pre-Engineered
Building (steel structures).
PATIDAR AGRICARE: CARE Keeps B- Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Patidar
Agricare (PA) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 2.75 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 18, 2020, placed the
rating(s) of PA under the 'issuer noncooperating' category as PA
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. PA continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and email dated May 04,
2021, May 14, 2021, May 24, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
PA was established in 2015 by Mr. Dilip Patel and his family
members. PA was set up to provide cold storage facilities at Dehgam
(Gujarat) with total installed capacity of 1,00,000 bags (50 kg
each) along with trading of potatoes. Earlier PA was engaged into
both trading operations and cold storage facilities. FY 2018
onwards PA discontinued its trading operations and only focused on
providing cold storage facilities on rent basis to customers.
Trading operations are transferred to its associated entity named
Patidar Trading (established during 2017 and engages into trading
of potato and other agriculture products).
PRECAST INDIA: CARE Lowers Rating on INR20cr LT Loan to C
---------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Precast India Infrastructures Private Limited (PIIPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 20.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category and
Revised from CARE BB+; Stable
Short Term Bank 1.00 CARE A4; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 10, 2020, placed the
rating(s) of PIIPL under the 'issuer non-cooperating' category as
PIIPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. PIIPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
April 26, 2021, May 6, 2021, May 16, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.
The rating assigned to the bank facilities of PIIPL has been
revised on account of non-availability of requisite information to
carryout review.
Precast India Infrastructures Private Limited (PIIPL) was
incorporated in December 2009 as a joint venture (JV) between A2Z
Online Services Pvt. Ltd ('A2Z') and Bhate & Raje Construction
Company Private Limited (BRCCPL). Currently, PIIPL is a subsidiary
of BRCCPL since FY14 with a stake of about 52%. PIIPL started
commercial operations in December 2011 and is engaged in
manufacturing of prefabricated concrete structures used in
construction of buildings like industrial, residential, commercial,
hotel, malls & schools. PIIPL's manufacturing facility is located
in Pune. The company's precast concrete products comprise hollow
core slabs, solid slabs, solid walls, pre-stressed beams & rafters,
columns and stairs.
R. R. AND COMPANY: CARE Keeps B- Debt Rating in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of R. R. and
Company Private Limited (RRCPL) continues to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 5.35 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 14, 2020, placed the
rating(s) of RRCPL under the 'issuer non-cooperating' category as
RRCPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. RRCPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 30, 2021, June 9, 2021, June 19, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
R. R. and Company Pvt. Ltd. (RRCPL) was established as a
partnership firm namely Ramchandra Ramniwas & Co. in 1945 by one
Karwa family of Dibrugarh, Assam. Since inception, the firm has
been in operation of Eveready battery agency business and along
with an authorized dealership business of Indian Oil Corporation
Limited (IOCL). Later, in the year 1995, the firm converted into a
private limited company and rechristened as RRCPL and the business
operation was taken over by one Jain family from Dibrugarh.
Presently, the company has five petrol pump of IOCL in Dibrugarh,
Sibsagarand and Lakhimpur district of Assam. The day-to-day affairs
of the company are looked after by Mr. Kamal Kumar Jain, Managing
Director, with adequate support from other two directors and a team
of experienced personnel.
RAJESHREE INDUSTRIES: CARE Keeps D Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Rajeshree
Industries India Private Limited (RIIPL) continues to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 22.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 26, 2020, placed the
rating(s) of RIIPL under the 'issuer non-cooperating' category as
RIIPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. RIIPL continues to
be noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 12, 2021, May 22, 2021, June 1, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Incorporated in 2011, RIIPL is primarily engaged in ginning and
pressing of raw cotton at its manufacturing unit in Khargone,
Madhya Pradesh. RIIPL is a part of Rajeshree Group, which also
operates other cotton ginning and pressing units under partnership
firms M/s Rajeshree Cotex (rated: CARE D/CARE D; Issuer not
cooperating) and M/s Rajeshree Fibers (rated: CARE D; Issuer not
cooperating).
RAUNAQ CONSTRUCTION: CARE Cuts Rating on INR24.44cr LT Loan to D
----------------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Raunaq Construction (RC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 24.44 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
Category and Revised from
CARE B+; Stable
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated November 10, 2020 placed the
rating(s) of RC under the 'issuer non-cooperating' category as RC
had failed to provide information for monitoring of the rating. RC
continues to be non-cooperative despite repeated requests for
submission of information through phone calls and email dated
August 10, 2021, July 21, 2021 and July 2, 2021 etc. In line with
the extant SEBI guidelines, CARE has reviewed the rating on the
basis of the best available information which however, in CARE's
opinion is not sufficient to arrive at a fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above ratings.
The revision in rating is on account of non-availability of
requisite information due to non-cooperation by Raunaq Construction
with CARE'S efforts to undertake a review of the rating
outstanding. CARE views information availability risk as a key
factor in its assessment of credit risk. Further, based on the
banker feedback regarding the delay in timely repayment of its debt
obligations, CARE has downgraded its ratings on the bank facilities
of RC to 'CARE D; Issuer Not Cooperating' from 'CARE B+; Stable;
Issuer Not Cooperating'.
Delhi-based, Raunaq Construction (RC) was established in 1982 as a
proprietorship firm by Mr. Amarjit Singh Arora. The firm is engaged
in construction of roads, bridges, drainage system for government
departments. The raw materials namely tar, sand, cement, etc. are
procured by the firm from various domestic manufacturers and
wholesalers.
REDDY AND REDDY: CARE Keeps C Debt Ratings in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Reddy and
Reddy Motors (RRM) continue to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 10.10 CARE C; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 1.00 CARE A4; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 17, 2020, placed the
rating(s) of RRM under the 'issuer non-cooperating' category as RRM
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. RRM continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 2, 2021, June 12, 2021, and June 22, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Reddy & Reddy Motors (RRM) is a partnership firm, incorporated in
February 2010 by Mr. G. Ramakrishna Reddy, Mr. G. Venkata Reddy and
Mr. Srirama Reddy. Mr. G Ramakrishna Reddy is the Managing Partner
of the firm. RRM is authorized dealer of Maruti Suzuki India
Limited (MSIL) based in Eluru (Andhra Pradesh). It started its
operations in June 2010 with a showroom in Eluru. RRM belongs to
Reddy and Reddy Group which has diverse interests including trading
of prawns feed, authorized dealership of MSIL and Hero Motors and
is also engaged in button manufacturing business.
S. GURUSIDDAIAH: CARE Keeps C Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of S.
Gurusiddaiah (SG) continues to remain in the 'Issuer Not
Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 6.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
to remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated August 13, 2020, placed the
rating(s) of SG under the 'issuer noncooperating' category as SG
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. SG continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 29, 2021, July 9, 2021 and July 19, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Karnataka-based, S. Gurusiddaiah (SG) was established as a
proprietorship firm in the year 2013 and promoted by Mr. S.
Gurusiddaiah. The firm is engaged in providing warehouses on lease
rental basis. The rural godowns are used for storage of various
consumer goods such as bricks, cement bags, paint cans, cables,
wires, etc. The property is built on a total land area of 1.57
acres and comprises of 3 godowns, with aggregate storage capacity
of around 65740 MT. Commercial operations for two godowns were
started in 2016 and for third godown, the commercial operations
started from September 2018. Some of the regular customers of the
firm are Bharti Airtel Limited, Alpha Packaging Private Limited,
Sami Labs Limited and Athara Oil Industry, from whom the firm earns
revenue by sale of sites, for the storage of various goods. Apart,
the firm is also engaged in trading of various goods such as
bricks, cement bags etc. to local customers.
SANTOSH CHARITABLE: CARE Moves D Debt Ratings to Not Cooperating
----------------------------------------------------------------
CARE Ratings has moved the ratings on certain bank facilities of
Santosh Charitable Trust (SCT), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 2.88 CARE D; ISSUER NOT COOPERATING;
Facilities Rating moved to ISSUER NOT
COOPERATING category
Short Term Bank 1.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating moved to ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE has been seeking information from SCT to monitor the ratings
vide e-mail communications/letters dated July 19, 2021, July 15,
2021, July 13, 2021, July 12, 2021, May 20, 2021, April 19, 2021
and numerous phone calls. However, despite CARE's repeated
requests, the trust has not provided the requisite information for
monitoring the ratings. In line with the extant SEBI guidelines,
CARE has reviewed the rating on the basis of the best available
information which however, in CARE's opinion is not sufficient to
arrive at a fair rating. The rating on SCT's bank facilities will
now be denoted as CARE D/CARE D; ISSUER NOT COOPERATING.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above ratings.
The rating has been revised on account of non-availability of
requisite information due to non-cooperation by Santosh Charitable
Trust with CARE'S efforts to undertake a review of the rating
outstanding. CARE views information availability risk as a key
factor in its assessment of credit risk.
Detailed description of the key rating drivers
At the time of last rating on May 29, 2020, the following were the
rating weaknesses and strengths:
Key Rating Weaknesses
* Ongoing Delays: As per the banker and reflected in the bank
statements, there have been regular delays in repayment of term
debt obligation in relation to the servicing of interest and
principal repayment for term loan. There is delay of 2-3 days in
repayment of quarterly instalments. The penal interest has been
charged from April '2019 to March 31, 2020. Current status on the
same is not known as CARE could not contact the banker.
* Small scale of operations: The scale of operations of Santosh
Charitable Trust remained small marked by total operating income
and gross cash accruals which stood at INR1.25 crores and INR0.50
crores in FY20 (Prov.) as compare to INR1.50 crore and INR0.63
crore respectively for FY19 (A). The marginal decline in total
operating income can be attributed to the decline in the voluntary
donation received in respect of the hospital in FY20 (Prov.). In
FY19, the total operating income also declined to INR1.50 crores
from INR2.25 crores in FY18 is also on account of lower donation
received during the year. The small scale limits the company's
financial flexibility in times of stress and deprives it from scale
benefits. Further, the net worth base was stood moderate at INR6.31
crore as of March 31, 2020 (Prov). The trust has achieved total
operating income in FY21 (Proj.) of INR0.25 crore (refers to the
period April 1 to May 15, Provisional) on account of Lease rent
received.
* Weak Coverage Indicators: The coverage indicators marked by
Interest coverage ratio and Total Debt to GCA stood at 1.88x and
7.68x in FY20 (Prov.) respectively as against 1.96x and 7.65x
respectively for FY19 (A) on account of the low Gross cash Accruals
during the year.
Liquidity Position- Stretched
Liquidity is marked by tightly matched accruals as marked by low
gross cash accruals is INR0.63 crores in FY19 and INR0.50 crores in
FY20 ( Prov.). The current ratio and quick ratio stood weak at
0.23x and 0.23x respectively as of March 31, 2020 (Prov.) on
account of high short-term borrowings and creditors and low cash
and bank balance of INR0.04 crores as on March 31 2020 (Prov.). Its
bank limits are 100% utilized.
Key Rating strengths
* Experienced members of the trust: Mr. Sunil Mittal and Ms. Neena
Mittal are the trustees of the trust. Mr. Sunil Mittal is a
graduate by qualification and has an experience of around a decade
in association with SCT. Ms. Neena Mittal is also a graduate by
qualification and has an experience of more than half a decade
through her association with SCT. The trust is further supported by
professional team of doctors and other staff and other qualified
members in the field of social work to carry out the day-to-day
operations.
* Moderate capital structure: Capital structure of the society
stood moderate for the past three balance sheet dates i.e. FY18
(A)-FY20 (Prov) mainly on account of moderate net worth base. Debt
equity ratio stood 0.61x in FY20 (Prov.) as compare to 0.62x in
FY19(A). Further, overall gearing ratio stood moderate at 0.61x in
FY20 (Prov.) as compare to 0.78x as on FY19(A) on account of lower
reliance of external borrowings coupled with satisfactory net
worth.
* Moderate Profitability Margins: The SBID margin of the society
stood moderate at 85.57% in FY20 (Prov.) as compare to 85.52%
during FY19 (A). The surplus margin of the society which stood at
40.06% during FY20 (Prov.) as against 41.80% during FY19 (A).
* Moderate operating cycle: The operating cycle of the society
stood moderate at -88 days in FY20 (Prov.) as compare to -61 days
in FY19 (A). There are no average collection period and inventory
days. The society pays to their creditor in around three months
leads to average creditor's days of 88 days in FY20 (Prov.). The
creditors are generally for the hospital expenses, stationary and
building material purchase and repair and maintenance. The average
working capital borrowings are 100% utilized.
Delhi-based Santosh Charitable Trust (SCT) was established on April
9, 2008 under Indian Trust Act, 1882 and is currently being managed
by Mr. Sunil Mittal and Ms. Neena Mittal. The trust was setup with
an objective to provide charitable services. The trust operates a
Dharamshala in Vrindavan, where it provides rooms at cheaper rates
for the tourists to stay and also there is dispensary for providing
medical services in Sikandrabad. The Dharamshala is given on lease
to NAV Tradex private Limited to provide services to the tourists.
The trust has employed some experienced doctors and other staff of
around 10 in number to run the hospital in efficient manner.
SEVEN HILLS: CARE Keeps B- Debt Ratings in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Seven Hills
Educational and Health Care Society (SHEHCS) continues to remain in
the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 18.61 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 22, 2020, placed the
rating(s) of SHEHCS under the 'issuer non-cooperating' category as
SHEHCS had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. SHEHCS continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 7, 2021, June 17, 2021, June 27, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Seven Hills Educational and Health Care Society (SHE) was set up in
December 2008 as a society by Mr. Nunna Srinivasa Rao, Mr. Sukanta
Kumar Bisi, Mr. Nunna Prasad Rao, Mrs Rinki Babu, Mrs Nunna Veera
Lalithamba, Mrs Valluri Bhulaxmi, Mr. Kusha Bisi and Mr. Santosh
Babu of Sambalpur, Odisha. The society is running educational
institution in the name of Seven Hills Educational and Health Care
Society (SHE) at Sambalpur, Odisha. The Institute has intake
sanctioned capacity of 2500 students for Central Board of Secondary
Education (CBSE) and 250 students for Council of Higher Secondary
Education (CHSE) for the academic year 2018-2019. The society has
taken affiliation for Council of Higher Secondary Education (CHSE)
in May, 2016. SHE is engaged in the construction of new
administrative building with total area of 2,00,000 square feet.
The proposed building can accommodate around 5,000 students and
would comprise of 150 class rooms, 8 composite laboratories, double
height multipurpose hall, auditorium, library and reception cum
parents lobby. The project is estimated to be set up at a cost of
INR25.56 crore which is proposed to be financed by way of
promoter's contribution of INR10.56 crore and term loan of INR15.00
crore. The bank financing has already been tied up. The project has
completed partially and first two floors have started operation and
the society has already expensed INR22.0 crore towards land & site
development, building, civil works etc. till August 20, 2018 which
is met through term loan of INR13.80 crore and INR8.20 crore of
promoters contribution. The project is expected to be completed
fully by December 2018. The key promoter and Chairman Mr. Nunna
Srinivasa Rao, having around a decade long experience in education
industry, looks after the day to day operations of the entity. He
is supported by other members and a team of experienced
professionals.
SINHA SQUARE: CARE Keeps D Debt Rating in Not Cooperating Category
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sinha
Square (SS) continues to remain in the 'Issuer Not Cooperating'
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 9.42 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated July 21, 2020, placed the
rating(s) of SS under the 'issuer noncooperating' category as SS
had failed to provide information for monitoring of the rating and
had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. SS continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
June 6, 2021, June 16, 2021, June 26, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Mr. Anirudh Kumar is setting up a modern and luxury hotel under the
name "Sinha Square" in Deoghar, Jharkhand. The hotel has proposed
to provide services like a multi-cuisine restaurant, banquet,
swimming pool and conference hall. The hotel is expected to
comprise of 60 double bedrooms. The total cost of the project is
INR14.75 crore and the same is funded by proprietor contribution of
INR4.75 crore and term loan of INR10.00 crore. The project is
expected to be completed by March 2019 and the commercial
operations expected to start from April 2019. The firm has already
invested INR14.00 crore towards land & site development, building,
civil works etc. till November 29, 2018 which is met through
proprietor's contribution and term loan from bank. The financial
closure of the aforesaid term loan has already been achieved. Mr.
Anirudh Kumar has three decades of experience in different business
like civil construction, mining and roadways. He is proposed to
look after the overall management of the hotel, with adequate
support from a team of experienced personnel.
T. C. MOTORS: CARE Lowers Rating on INR25.57cr LT Loan to B-
------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
T. C. Motors Private Limited (TCMPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 25.57 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category and
Revised from CARE B; Stable
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 9, 2020, placed the
rating(s) of TCMPL under the 'issuer non-cooperating' category as
TCMPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. TCMPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
April 25, 2021, May 5, 2021, May 15, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The ratings assigned to the bank facilities of TCMPL have been
revised on account of requisite information. Ratings also factored
in decline in scale of operations, profitability and capital
structure during FY20 over FY19.
T. C. Motors Private Limited (TCMPL) was incorporated during
December 2009 by one Chowdhury family from Howrah. Subsequently,
the company started to initiate an auto dealership business and has
setup a selling and servicing facility at Salap More in Howrah. The
company has entered into dealership authority from TATA Motors
Limited (TML) for selling and servicing passenger vehicles. The
day-to-day affairs of the company are looked after by Mr. Anuj
Chowdhury (Director) with adequate support from other six directors
and a team of experienced personnel.
TIRUPATI COMMODITIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Tirupati
Commodities Impex Private Limited (TCIPL) continue to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 22.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Short Term Bank 23.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 10, 2020, placed the
rating(s) of TCIPL under the 'issuer non-cooperating' category as
TCIPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. TCIPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
April 26, 2021, May 6, 2021, May 16, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating.
Incorporated in 2005, Tirupati Commodities Impex Pvt. Ltd.
(formerly known as Tirupati Iron Impex Pvt. Ltd.) is engaged in the
trading of iron, steel and other allied products like HR coils, HR
plates, CR coils, angles, beams, channels, pipes among others which
has wide application in the EPC, engineering, auto ancillaries,
capital goods and other manufacturing industries. TCIPL is a
family-managed business promoted by the Jain and Gupta family. The
company has its controlling office in Mumbai and has branches in
Hyderabad, Raipur, Bhopal and Surat.
VIZEBH AGRI: CARE Keeps D Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Vizebh Agri
- Sciences Private Limited (VASPL) continues to remain in the
'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 11.87 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 10, 2020, placed the
rating(s) of VASPL under the 'issuer non-cooperating' category as
VASPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. VASPL continues to
be noncooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
April 26, 2021, May 6, 2021, May 16, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Vadodara-based (Gujarat), VASPL was incorporated during July, 2010
by two promoters namely Mr.Amrish Patel and Mr.Jinesh Patel. The
company is in the business of manufacturing of dairy products such
as milk, curd, cow ghee, butter, flavoured milk, lassi etc. and
operates with an installed capacity of 100,000 litres per day for
milk processing. The company sells its products under the brand
name "Vizee" in Gujarat, Punjab, Haryana, Jammu & Kashmir, Himachal
Pradesh etc. Milk is the primary raw material for the company which
they procure from their own milk chilling centres.
YOGIRAJ EXPORT: CARE Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Yogiraj
Export Private Limited (YEPL) continues to remain in the 'Issuer
Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 15.00 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
Category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 19, 2020, placed the
rating(s) of YEPL under the 'issuer non-cooperating' category as
YEPL had failed to provide information for monitoring of the rating
and had not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. YEPL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and email dated May 5,
2021, May 15, 2021, May 25, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Rajkot, Gujarat based, YEPL is a private limited company
incorporated in September 2012, promoted by Mr. Kuldeepsinh
Chudasama and Mr. Pusparajsinh Chudasama. The promoters of the
company are involved into cotton ginning, oil and spinning business
since last one decade. YEPL is engaged in trading of
agro-commodities with main focus on cotton and cotton yarn.
YOGIRAJ GINNING: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Yogiraj
Ginning and Oil Industries Private Limited (YGOIPL) continues to
remain in the 'Issuer Not Cooperating' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 15.50 CARE D; ISSUER NOT COOPERATING;
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
Category
Detailed Rationale & Key Rating Drivers
CARE had, vide its press release dated June 19, 2020, placed the
rating(s) of YGOIPL under the 'issuer non-cooperating' category as
YGOIPL had failed to provide information for monitoring of the
rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. YGOIPL continues to
be non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
May 5, 2021, May 15, 2021, May 25, 2021.
In line with the extant SEBI guidelines, CARE has reviewed the
rating on the basis of the best available information which,
however, in CARE's opinion is not sufficient to arrive at a fair
rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
Rajkot, Gujarat-based, YGOIPL is a private limited company
incorporated in November 2014, promoted by Mr. Kuldeepsinh
Chudasama and Mr. Pusparajsinh Chudasama. The promoters of the
company are involved into cotton ginning, oil and spinning business
since last one decade. YGOIPL is engaged in business of ginning of
raw cotton to produce cotton bales.
ZOMATO LTD: Dissolves, Winds Up Step-Down Subsidiary in US
----------------------------------------------------------
Zomato Ltd. has dissolved and wound up its step-down subsidiary in
the US, a month after the food delivery company listed on the
Indian stock exchanges.
Zomato USA LLC (ZUL), a step-down subsidiary of the company, has
been dissolved and wound up, according to a regulatory filing on
Aug. 19.
Zomato USA was not a material subsidiary of the company and did not
have any business activity and its dissolution will not affect the
turnover/revenue of the company, it added.
ET adds the company has received intimation on August 18, 2021,
regarding dissolution and winding up of Zomato USA LLC effective
from August 17, 2021, the filing said.
Headquartered in Gurugram, India, Zomato Limited --
http://www.zomato.com/-- operates as an online food delivery
company in India and internationally. Its technology platform
connects customers, restaurant partners, and delivery partners. The
company also operates Hyperpure, a procurement solution that
supplies ingredients and kitchen products to restaurant partners.
It offers restaurant search and discovery, online order, pick up,
and table reservations services.
=================
I N D O N E S I A
=================
INDIKA ENERGY: Fitch Affirms 'BB-' LT IDRs, Outlook Negative
------------------------------------------------------------
Fitch Ratings has affirmed PT Indika Energy Tbk's Long-Term
Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'.
The Outlook remains Negative. Fitch has also affirmed the
Indonesia-based mining company's outstanding senior unsecured notes
at 'BB-'.
The Negative Outlook reflects Fitch's expectation of a likely
resurgence in Indika's leverage post-2021 as coal prices decline
from 2021's record levels and normalise from 2022, in addition to
investment plans to diversify non-coal earnings, despite keeping
leverage below the negative sensitivity in 2021. Indika announced
early this year that it could invest up to USD1 billion in non-coal
assets, while divesting some coal assets, to increase non-coal
revenue to over 50% by 2025.
A revision of the Outlook to Stable hinges on the extent of
de-leveraging beyond Fitch's base case expectation in 2021 and
1H22, on a continuation of strong coal prices against Fitch's
assumptions. This could improve its financial buffer for planned
investments, reducing risks to its financial profile. Fitch expects
Indika's financial profile to strengthen materially in 2021, with
an EBITDA of around USD740 million (2020: USD244 million) and net
leverage below 2.0x (2020: 8.9x) supported by strong thermal coal
prices.
KEY RATING DRIVERS
Investment-Led Leverage Increase: Indika expects investments in new
projects of about USD150 million a year in 2022-2024. Fitch factors
this into the base case and expects meaningful returns from these
projects only from 2024. So Fitch forecasts Indika's funds from
operations (FFO) net leverage to rise to 3.0x in 2022, peaking at
3.7x in 2023, based on Fitch's conservative coal price assumptions,
before improving gradually. Indika is likely to continue evaluating
further new investments and divestures of existing assets. Fitch
will consider these as event risks.
Diversification Strategy Prudent: Fitch views Indika's strategy as
prudent over the long term, even though it may raise Indika's
interim execution risks and financial risks until the non-coal
projects are operational. These projects are in greenfield gold,
renewable energy and electric vehicle sectors in which Indika
hitherto has had no exposure.
The diversification could help Indika maintain its good access to
funding markets to offset any material tightening for coal-related
entities in the medium term from increasing ESG considerations.
Fitch currently does not consider ESG issues to be significant
enough to constrain Indika's ratings.
Coal Underpins Credit Profile: Fitch expects Indika's 91%-owned key
mining subsidiary, PT Kideco Jaya Agung to account for around 50%
to 80% of Indika's annual EBITDA until earnings from its new
investments commence. Fitch also expects most of the remaining
earnings in the same period to be from Indika's 70% owned contract
mining and engineering subsidiary, PT Petrosea TBK. Fitch considers
the impact of ongoing divesture of the 51%-owned coal barging
subsidiary, PT Mitrabahtera Segara Sejati Tbk (MBSS), credit
neutral given the small scale.
Kideco Stake to Remain; Drives Earnings: Indika has the option of
either reducing its stake in Kideco by 25% upon the renewal of
Kideco's coal concession in 2023 or to pay around USD220 million to
the former shareholders of Kideco to maintain its 91% stake.
Fitch's rating case assumes Indika would maintain its stake in
Kideco over the medium term. Kideco is a mature coal asset with
excess production capacity and a proven record of managing costs
during price downturns. Fitch expects Kideco's EBITDA to increase
to over USD600 million in 2021 (USD161 million in 2020) driven by
robust coal prices.
Consolidated Earnings to Moderate: Fitch expects Indika's EBITDA to
moderate to USD490 million-550 million from 2022 to 2025 from
around USD740 million in 2021, as Fitch expects lower medium-term
earnings from Kideco. Fitch expects Kideco's EBITDA to moderate to
around USD375 million in 2020 and around USD250 million-330 million
in the following years due to Fitch's assumption of moderating coal
prices.
Stable Petrosea Earnings: Fitch expects Petrosea to generate EBITDA
of USD120 million-130 million a year until 2025 (USD113 million in
2021). Its 2021 EBITDA is likely to benefit from higher contract
mining rates driven by strong coal prices, which would offset lower
than expected volumes. Fitch expects contract mining to account for
over 75% of Petrosea's EBITDA, and engineering and construction
(E&C) and port management for the rest.
Fitch expects Petrosea to partner Indika for E&C works in new
investments wherever possible. This should offset lower than
expected contract mining volumes on its earnings in the next two to
three years due to increased industry competition. The group also
has further room for integration between Kideco and Petrosea, as
Petrosea's contract mining accounts for less than 40% of Kideco's
volumes.
Operating challenges at Tripatra: Fitch expects a considerable drop
in the cumulative earnings contribution of Indika's E&C arm,
Tripatra, from 2020 to 2024. Tripatra has generated about USD30
million-40 million of EBITDA a year over the past three to four
years. Project losses due to a major change in scope of one of its
main contracts, should result in considerable EBITDA losses until
2022. Fitch also expects a slower recovery in earnings post-2023 on
a slower pick up in Indonesian oil and gas projects in the medium
term.
Licence Renewals: Fitch expects the mining licence of Kideco to be
extended upon expiry in 2023 without any major adverse effect on
the credit profile, and will consider any significant negative
development in concession renewals, including non-renewal, or
materially higher royalties as event risks. Indonesia in 2020
clarified some aspects pertaining to the renewal, including the
continuation of acreage and the extension of licences over two
10-year periods, but has not yet clarified revised royalty
structures.
DERIVATION SUMMARY
Indika's ratings are driven by Kideco's moderate cost position,
production flexibility, reasonable reserves and large existing
capacity, which require little capex. The similar ratings of PT
Bayan Resources Tbk (BB-/Stable) reflect its lower cost position,
larger reserves and a healthier financial profile with considerably
lower sensitivity to price and volume assumptions than Indika.
Bayan has faced operational disruptions due to bottlenecks in its
transport infrastructure, which constrain its ratings. Indika's
operations are more integrated and have a stronger record of
uninterrupted production.
The energy-adjusted cost position of Indika's mining operations is
stronger than that of Golden Energy and Resources Limited (GEAR,
B+/Stable). Indika's operations are also more integrated than that
of GEAR. Indika's higher ratings reflect its large scale of
earnings, robust operational record and more integrated operations.
GEAR's ratings are constrained until it can sustainably improve the
scale of operations for the group.
KEY ASSUMPTIONS
Fitch's key assumptions within its rating case for the issuer
include:
-- Kideco's average coal selling prices to increase to
USD52.5/tonne in 2021 (USD38/tonne in 2020). Prices gradually
fall to USD45/tonne in 2022, and USD43/tonne in 2023 and 2024;
-- Kideco's coal mining volume increases to 36 million tonnes per
annum (mtpa) in 2021 (33mtpa in 2020), and 34mtpa until 2025;
-- Kideco's strip ratios to stay at around 5.4x-5.6x over the
next five years, and cash production costs of around
USD31/tonne to USD34/tonne;
-- Petrosea EBITDA of USD118 million in 2021 and about USD120
million to USD140 million thereafter;
-- MBSS sold in 2021 for USD40 million;
-- New investment spend of USD150 million a year from 2022 and
2024;
-- Capex for existing operations of USD80 million-85 million in
2021 to 2025 (mostly driven by Petrosea).
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
-- Fitch does not expect an upgrade in the near term because of
the Negative Outlook;
-- The Outlook will be revised to Stable if Indika can sustain
FFO net leverage below 3.0x and FFO fixed-charge cover above
3.5x, and exercises financial prudence in execution of its
non-coal related diversification investments.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- FFO net leverage is sustained above 3.0x and FFO fixed-charge
cover less than 3.5x; and/or
-- Indications of an overly aggressive approach in achieving its
non-coal related diversification strategy.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.
LIQUIDITY AND DEBT STRUCTURE
Adequate Liquidity: Indika's liquidity profile is comfortable as it
does not have any major debt maturities until November 2024, when
its USD575 million senior unsecured notes are due. As of June 2021,
Indika had other debt maturities of less than USD100 million a year
until 2025.Indika has USD1.25 billion of its total consolidated
debt of USD1.6 billion due in 2024 and 2025.
Fitch thinks Indika would not strictly require additional funds for
the new investments until 2024, due to strong cash generation and
healthy cash balances. Indika had cash of USD615 million as of June
2021.
ISSUER PROFILE
Indika is an integrated coal company in Indonesia and owns 91% of
Kideco, one of the country's largest coal mines. The majority of
the group's earnings are from Kideco and contract mining operations
at Petrosea. Indika is diversifying away from coal over the long
run.
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 NZ 2021-1: Fitch Assigns BB Rating on Class E Notes
------------------------------------------------------------
Fitch Ratings has assigned final 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 were issued by The
New Zealand Guardian Trust Company Limited as trustee for Latitude
New Zealand Credit Card Master Trust.
DEBT RATING PRIOR
---- ------ -----
Latitude New Zealand Credit Card Master Trust
2021-1 A NZLATD1006R4 LT AAAsf New Rating AAA(EXP)sf
2021-1 B NZLATD1007R2 LT AAsf New Rating AA(EXP)sf
2021-1 C NZLATD1008R0 LT Asf New Rating A(EXP)sf
2021-1 D NZLATD1009R8 LT BBBsf New Rating BBB(EXP)sf
2021-1 E NZLATD1010R6 LT BBsf New Rating BB(EXP)sf
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. The total issuance increased to NZD250 million from NZD200
million at the time of the expected ratings on 9 August 2021.
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 that 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
-- Rating: AAAsf / AAsf / Asf / BBBsf / BBsf
-- Increase charge-off steady state by 25%: AAAsf / AAsf / Asf /
BBBsf/ BBsf
-- Increase charge-off steady state by 50%: AA+sf / AA-sf / Asf /
BBBsf/ BBsf
-- Increase charge-off steady state by 75%: AAsf / A+sf / A-sf /
BBB-sf/ BBsf
-- Reduce MPR steady state by 15%: AA+sf / AAsf / Asf / BBBsf/
BBsf
-- Reduce MPR steady state by 25%: AA+sf / AA-sf / Asf / BBBsf/
BBsf
-- Reduce MPR steady state by 35%: AA-sf / A+sf / BBB+sf / BBBsf/
BBsf
-- Reduced purchase rate by 50%: AAAsf / AAsf / Asf / BBBsf /
BBsf
-- Reduced purchase rate by 75%: AAAsf / AAsf / Asf / BBBsf /
BBsf
-- Reduced purchase rate by 100%: AAAsf / AAsf / Asf / BBBsf /
BBsf
-- Increased charge-off rate by 25% and reduced MPR by 15%: AA+sf
/ AA-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 / BBB-sf / BBsf/ Bsf
Factor that could, individually or collectively, lead to positive
rating action/upgrade:
-- Reduce charge-off steady state by 25%: AAAsf / AAAsf / AA+sf /
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 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.
ROSS ASSET: Investors Reach Settlement With ANZ Bank
----------------------------------------------------
Radio New Zealand reports that a group of investors in the failed
Ross Asset Management (RAM) have reached a pre-hearing settlement
with the ANZ Bank.
RNZ relates that the group, which was being backed by a specialist
litigation funder, was claiming NZD80 million from ANZ on the
grounds that as the investment firm's bank they knew or should have
known that Wellington financial adviser David Ross was operating a
Ponzi scheme.
The case was in the process of disclosure of documents ahead of a
substantive hearing of the claim.
"The parties acknowledge they were all misled by Ross. All matters
relating to the settlement are confidential," the parties said in a
joint statement, RNZ relays.
RAM operated as a niche investment firm and attracted business on
claims that it was delivering outstanding returns. However, it
collapsed in 2012 after it was revealed it had overstated client
funds by NZD380 million, and that Mr. Ross had been using new
investments to pay out early investors, while also using funds to
fund his personal lifestyle.
About 700 investors were owed NZD115 million, and the liquidators
went to court to recover money from investors who got out early
with large gains.
Mr. Ross was released last year after serving six years of a 10
years and 10 months sentence for the fraud.
ANZ fought the action all the way, first unsuccessfully trying to
prevent the Financial Markets Authority from passing on information
to the investors' group, and then failing to have the investors'
group claim struck out, RNZ says.
About Ross Asset
In late 2012, the High Court appointed PricewaterhouseCoopers
partners John Fisk and David Bridgman as Receivers and Managers to
Ross Asset Management Limited and nine other associated entities
following application by the Financial Markets Authority. The
associated entities are Bevis Marks Corporation Limited; Dagger
Nominees Limited; McIntosh Asset Management Limited; Mercury Asset
Management Limited; Ross Investment Management Limited; Ross Unit
Trusts Management Limited; United Asset Management Limited; Chapman
Ross Trust; Woburn Ross Trust; Ace Investments Limited or Ace
Investment Trust Limited or Ace Investment Trust; Vivian
Investments Limited; and Ross Units Trusts Limited. The Receivers
and Managers have also been appointed to Wellington investment
adviser David Robert Gilmore Ross personally. Mr. Fisk said they
have identified investments of nearly NZD450 million held on behalf
of more than 900 investors across 1,720 individual accounts.
The High Court in Dec. 17, 2012, ordered John Fisk and David
Bridgman be appointed liquidators of these companies:
-- Ross Asset Management Limited (In Receivership);
-- Bevis Marks Corporation Limited (In Receivership);
-- McIntosh Asset Management Limited (In Receivership);
-- Mercury Asset Management Limited (In Receivership);
-- Dagger Nominees Limited (In Receivership);
-- Ross Investment Management Limited (In Receivership);
-- Ross Unit Trust Management Limited (In Receivership); and
-- United Asset Management Limited (In Receivership).
=================
S I N G A P O R E
=================
FIT GLOBAL: Creditors' Proofs of Debt Due on Sept. 20
-----------------------------------------------------
Creditors of Fit Global Pte Ltd and Fit Fund Investment Pte Ltd (in
members' voluntary liquidation) are required to file their proofs
of debt by Sept. 20, 2021, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on Aug. 13, 2021.
The company's liquidator is:
Tee Wey Lih
c/o Acres Advisory Pte Ltd
531A Upper Cross Street #03-128
Hong Lim Complex
Singapore 051531
VIKING OFFSHORE: Resumed Trading on August 23
---------------------------------------------
The Business Times reports that shares in Viking Offshore & Marine
(VOM) resumed on Aug. 23, as the company has received approval-in
principle (AIP) to do so from the Singapore Exchange (SGX).
Trading in the shares in the company, which has completed a
court-supervised restructuring exercise, has been suspended from
trading on the SGX since June 14, 2019, BT says.
In a filing to the Singapore bourse on Aug. 20, VOM said that it
has fulfilled all the AIP conditions set out.
In an announcement to the exchange on July 31, the company
disclosed that its board believed that the group was able to
operate as a going concern, and that it had sufficient working
capital for its present requirements and for at least a year from
the resumption of trading in its shares, according to BT.
BT notes that VOM suspended trading in its shares when it was
seeking a debt restructuring and a moratorium against creditors
seeking payment. The offshore and marine system solutions provider
had said it was in a net negative current asset position, with net
current liabilities of SGD11.1 million as at Dec. 31, 2018.
At that point, its independent auditor Ernst & Young had also
issued a disclaimer of opinion on the group's FY18 financial
statements, casting doubt on the group's ability to continue as a
going concern, the report adds.
About Viking Offshore
Viking Offshore and Marine Limited -- https://www.vikingom.com/ --
engages in the design, manufacture, project management, and
commissioning of heating, ventilation, air-conditioning, and
refrigeration systems for the marine and offshore industries
worldwide. It operates through Offshore and Marine, and Chartering
Services segments. The company also supplies hydraulic winches and
power packs, as well as deck machinery; and provides system
integration services for telecommunications systems, fire and gas
detection systems, and control and instrumentation systems.
Viking is undergoing a court-supervised process to reorganise its
liabilities, and has been granted moratoria against enforcement
actions and legal proceedings by creditors against the company and
its wholly-owned subsidiary, Viking Asset Management, according to
The Business Times.
Trading of its shares on the Singapore Exchange has been suspended
since June 14, 2019.
===============
T H A I L A N D
===============
THAILAND: Closures, Layoffs Add Major Downside Risks to Economy
---------------------------------------------------------------
Bangkok Post reports that the Bank of Thailand is concerned about
business closures and layoffs attributed to the prolonged Covid-19
outbreak, which is adding significant downside risks to the
economy.
According to the report, the central bank on Aug. 18 released the
edited minutes of the Monetary Policy Committee (MPC) meeting,
which revealed the financial position of businesses, especially
those in the service sector, became more vulnerable, which could
lead to widespread business closures and layoffs.
The labour market is becoming more fragile, particularly the
service sector and the self-employed, as both experienced income
losses, the report says.
Bangkok Post relates that Sethaput Suthiwartnarueput, the central
bank governor, said in a media conference on Aug. 16 employment has
been declining, both in terms of higher unemployment and fewer
working hours per day.
The minutes also revealed the MPC believes significant downside
risks remain for the economy, given the outbreak in Thailand and
other countries could become more severe, the report relays.
Virus mutations could reduce vaccine efficacy, while slow
vaccination progress could cause a more prolonged and severe public
health crisis.
In this scenario, the economy would expand at a much slower rate
due to stricter Covid-19 containment measures, which would impinge
on economic activities and domestic demand.
The MPC recently assessed the economy was projected to expand by
0.7% and 3.7% in 2021 and 2022, respectively.
This is significantly lower than its June projection because
private consumption slumped this year and foreign tourist figures
are projected to be significantly lower next year, said the MPC.
The Thai economy this year is supported by merchandise exports in
line with the global economic recovery led by developed economies,
as well as public spending, according to the committee, adds
Bangkok Post.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Aug. 16, 2021 to Aug. 20, 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
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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
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CAIYUN INTERNATIONAL I 5.50 04/08/22 USD 68.25
DR PENG HOLDING HONGKO 7.55 12/01/22 USD 63.41
HNA GROUP INTERNATIONA 6.25 10/05/21 USD 18.87
INDONESIA
---------
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 1.14
DAVOMAS INTERNATIONAL 11.00 12/08/14 USD 1.14
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 1.14
DAVOMAS INTERNATIONAL 11.00 05/09/11 USD 1.14
DELTA MERLIN DUNIA TEK 2.50 06/26/28 USD 13.95
SRI REJEKI ISMAN TBK P 7.25 01/16/25 USD 20.43
SRI REJEKI ISMAN TBK P 7.25 01/16/25 USD 20.53
INDIA
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3I INFOTECH LTD 2.50 03/31/25 USD 9.88
ACME MEDAK SOLAR ENERG 0.01 08/29/46 INR 14.12
ACME RANGA REDDY SOLAR 0.01 08/31/46 INR 14.04
AMPSOLAR SOLUTION PVT 0.01 11/03/37 INR 27.68
AMPSOLAR SOLUTION PVT 0.01 10/27/37 INR 27.72
APG HABITAT PVT LTD 1.00 09/09/28 INR 63.61
APG INTELLI HOMES PVT 1.25 02/04/35 INR 45.61
APG INTELLI HOMES PVT 1.25 02/04/35 INR 45.65
ASSETS CARE & RECONSTR 1.00 03/30/29 INR 62.90
ASSETS CARE & RECONSTR 2.00 03/30/29 INR 68.75
ASSETS CARE & RECONSTR 2.00 03/30/29 INR 68.75
AUTOMOTIVE EXCHANGE PV 4.00 10/11/30 INR 62.38
AUTOMOTIVE EXCHANGE PV 4.00 06/01/30 INR 62.73
BODY CUPID PVT LTD 0.01 03/31/31 INR 48.09
BREEZE CONSTRUCTIONS P 0.01 06/29/30 INR 48.31
BRITANNIA INDUSTRIES L 5.50 06/03/24 INR 29.00
BRITANNIA INDUSTRIES L 8.00 08/28/22 INR 30.97
CHANDRAJYOTI ESTATE DE 0.01 07/06/30 INR 49.46
CREIXENT SPECIAL STEEL 0.01 08/28/25 INR 73.40
CUMULUS TRADING CO PVT 0.01 05/21/32 INR 41.69
CUMULUS TRADING CO PVT 0.01 01/23/30 INR 66.52
DEWAN HOUSING FINANCE 8.50 04/18/23 INR 28.71
DLF ASPINWAL HOTELS PV 0.01 10/15/30 INR 45.90
DLF EMPORIO RESTAURANT 0.01 08/12/30 INR 49.07
DLF EMPORIO RESTAURANT 0.01 06/29/30 INR 49.55
DLF HOME DEVELOPERS LT 0.01 06/29/30 INR 51.68
DLF HOMES SERVICES PVT 0.01 06/29/30 INR 48.31
DLF REAL ESTATE BUILDE 0.01 06/23/30 INR 49.49
DLF RECREATIONAL FOUND 0.01 10/15/30 INR 46.02
DLF RESIDENTIAL BUILDE 0.01 06/23/30 INR 48.25
DLF RESIDENTIAL DEVELO 0.01 06/28/30 INR 49.40
DLF SOUTHERN TOWNS PVT 0.01 07/09/30 INR 49.59
DOMUS REAL ESTATE PVT 0.01 07/11/30 INR 49.57
ECAP EQUITIES LTD 0.01 03/26/31 INR 48.79
EDEL LAND LTD 0.01 03/22/26 INR 70.19
EDELWEISS ASSET RECONS 2.00 07/22/29 INR 67.07
EDELWEISS ASSET RECONS 2.00 03/28/29 INR 68.19
EDELWEISS ASSET RECONS 2.00 01/15/29 INR 68.90
EDELWEISS ASSET RECONS 2.00 10/07/28 INR 69.89
EDELWEISS ASSET RECONS 2.00 11/20/27 INR 73.26
EDELWEISS RURAL & CORP 0.01 03/25/31 INR 49.60
ESSAR POWER TRANSMISSI 3.00 03/31/43 INR 49.16
ESSAR POWER TRANSMISSI 3.00 03/31/43 INR 49.16
FUTURE RETAIL LTD 5.60 01/22/25 USD 74.66
GREEN URJA PVT LTD 0.01 02/14/30 INR 51.60
GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 9.88
HCL INFOTECH LTD 0.10 03/31/36 INR 32.14
HITODI INFRASTRUCTURE 0.01 06/30/27 INR 63.00
JAIPRAKASH ASSOCIATES 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENTU 7.00 05/15/17 USD 4.58
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 29.87
JTPM ATSALI LTD 0.01 08/29/48 INR 12.50
JUNO MONETA TECHNOLOGI 0.01 05/18/26 INR 70.48
KANAKADURGA FINANCE LT 0.01 04/15/36 INR 28.62
KRIBHCO INFRASTRUCTURE 1.00 04/15/26 INR 74.88
KUSHALS RETAIL PVT LTD 1.00 05/13/29 INR 60.97
MARIS POWER SUPPLY CO 2.00 04/18/28 INR 71.45
MELOSA BUILDERS & DEVE 0.01 06/29/30 INR 48.33
MENS BUILDCON PVT LTD 0.01 06/29/30 INR 48.33
MYTRAH AADHYA POWER PV 0.01 07/05/35 INR 33.40
MYTRAH ADVAITH POWER P 0.01 07/13/36 INR 30.72
MYTRAH AKSHAYA ENERGY 0.01 07/13/36 INR 30.72
NANI VIRANI WIND ENERG 2.00 06/30/39 INR 43.81
NEEMUCH SOLAR POWER PV 0.01 08/29/46 INR 14.12
ORIGAMI CELLULO PVT LT 0.01 11/14/36 INR 29.44
POLY TOUGH TUBES LTD 1.00 04/19/26 INR 74.80
PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63
PUNJAB INFRASTRUCTURE 0.40 10/15/33 INR 44.89
PUNJAB INFRASTRUCTURE 0.40 10/15/32 INR 47.92
PUNJAB INFRASTRUCTURE 0.40 10/15/31 INR 51.31
PUNJAB INFRASTRUCTURE 0.40 10/15/30 INR 55.04
PUNJAB INFRASTRUCTURE 0.40 10/15/29 INR 59.09
PUNJAB INFRASTRUCTURE 0.40 10/15/28 INR 63.48
PUNJAB INFRASTRUCTURE 0.40 10/15/27 INR 68.25
PUNJAB INFRASTRUCTURE 0.40 10/15/26 INR 73.35
PURVANCHAL SOLAR POWER 0.01 08/29/46 INR 14.12
PYRAMID SAIMIRA THEATR 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 30.31
RAMANI ICECREAM CO LTD 0.01 12/29/35 INR 32.57
REDKITE CAPITAL PVT LT 2.50 03/30/29 INR 70.59
REDKITE CAPITAL PVT LT 2.50 01/15/28 INR 74.91
REI AGRO LTD 5.50 11/13/14 USD 0.96
REI AGRO LTD 5.50 11/13/14 USD 0.96
RELIANCE COMMUNICATION 6.50 11/06/20 USD 10.09
REWANCHAL SOLAR POWER 0.01 08/29/46 INR 14.12
SAKET HOLIDAYS RESORTS 0.01 06/29/30 INR 49.34
SANJWIN CONSULTING SOL 0.01 06/01/28 INR 59.07
SHIVAJI MARG MAINTENAN 0.01 06/28/30 INR 48.28
SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 23.63
STPL HORTICULTURE PVT 0.01 03/31/31 INR 56.78
SUNWORLD SOLAR POWER P 0.01 08/31/46 INR 14.04
SURBHI INVESTMENTS & T 2.50 10/21/28 INR 71.53
SUTARA ROADS & INFRA L 0.01 08/31/30 INR 56.77
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.50
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.50
SVOGL OIL GAS & ENERGY 5.00 08/17/15 USD 0.61
TATA SMARTFOODZ LTD 0.01 04/18/26 INR 68.95
TATA SMARTFOODZ LTD 0.01 11/23/25 INR 71.57
TATA SMARTFOODZ LTD 0.01 07/15/25 INR 73.93
TN URJA PVT LTD 0.10 02/22/36 INR 31.92
WATSUN INFRABUILD PVT 4.00 10/16/37 INR 60.07
WS T&D LTD 0.10 03/24/29 INR 55.76
JAPAN
-----
AVANSTRATE INC 0.15 10/29/32 JPY 9.75
HIS CO LTD 0.58 02/19/27 JPY 65.67
TKJP CORP 1.02 12/15/17 JPY 0.50
TKJP CORP 0.85 03/06/19 JPY 2.02
TKJP CORP 0.58 03/26/21 JPY 2.02
UNIZO HOLDINGS CO LTD 1.10 11/28/24 JPY 34.54
UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 38.24
UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 38.24
UNIZO HOLDINGS CO LTD 1.50 11/26/27 JPY 38.24
UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 45.49
UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 47.16
UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 51.54
UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 52.40
UNIZO HOLDINGS CO LTD 0.52 05/27/22 JPY 53.26
UNIZO HOLDINGS CO LTD 0.43 11/29/21 JPY 65.40
MALAYSIA
--------
ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.65
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.25
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.27
ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.10
HUME CEMENT INDUSTRIES 5.00 05/29/24 MYR 1.42
MALAYAN FLOUR MILLS BH 5.00 01/24/24 MYR 1.50
PENGURUSAN AIR SPV BHD 1.00 11/05/35 MYR 63.24
PENGURUSAN AIR SPV BHD 1.00 02/05/36 MYR 63.43
PENGURUSAN AIR SPV BHD 1.00 09/28/35 MYR 64.38
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 5.20
SD INTERNATIONAL SUKUK 7.00 03/12/25 USD 37.07
SD INTERNATIONAL SUKUK 6.30 05/09/22 USD 44.52
SENAI-DESARU EXPRESSWA 1.35 06/30/31 MYR 70.10
SENAI-DESARU EXPRESSWA 1.35 12/31/30 MYR 71.71
SENAI-DESARU EXPRESSWA 1.35 06/28/30 MYR 73.34
SENAI-DESARU EXPRESSWA 1.35 12/31/29 MYR 74.92
VIZIONE HOLDINGS BHD 3.00 08/08/21 MYR 0.02
NEW ZEALAND
-----------
PRECINCT PROPERTIES NE 4.80 09/27/21 NZD 1.18
PHILIPPINES
-----------
BAYAN TELECOMMUNICATIO 15.00 07/15/06 USD 19.63
SINGAPORE
---------
APL REALTY HOLDINGS PT 5.95 06/02/24 USD 72.38
ASL MARINE HOLDINGS LT 3.00 03/28/25 SGD 41.34
ASL MARINE HOLDINGS LT 3.00 10/01/26 SGD 41.38
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.59
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.59
BANYAN TREE HOLDINGS L 7.50 08/06/22 SGD 1.32
BLD INVESTMENTS PTE LT 8.63 03/23/15 USD 4.88
BLUE OCEAN RESOURCES P 8.00 12/31/21 USD 21.73
BLUE OCEAN RESOURCES P 8.00 12/31/21 USD 21.73
BLUE OCEAN RESOURCES P 8.00 12/31/21 USD 21.73
ENERCOAL RESOURCES PTE 9.25 08/05/14 USD 45.75
ETERNA CAPITAL PTE LTD 8.00 12/11/22 USD 45.98
ETERNA CAPITAL PTE LTD 7.50 12/11/22 USD 69.98
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 20.21
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 20.27
INDO INFRASTRUCTURE GR 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE L 6.00 12/11/24 USD 27.13
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 18.06
JGC VENTURES PTE LTD 10.75 08/30/21 USD 54.63
MICLYN EXPRESS OFFSHOR 8.75 11/25/18 USD 8.10
MODERNLAND OVERSEAS PT 6.95 04/13/24 USD 45.83
NT RIG HOLDCO PTE LTD 7.50 12/20/21 USD 55.41
ORO NEGRO DRILLING PTE 7.50 01/24/19 USD 14.68
PACIFIC RADIANCE LTD 4.30 03/31/20 SGD 10.00
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SWIBER CAPITAL PTE LTD 6.25 10/30/17 SGD 4.20
SWIBER CAPITAL PTE LTD 6.50 08/02/18 SGD 4.20
SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 6.13
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
SOUTH KOREA
-----------
CJ CGV CO LTD 1.00 06/08/51 KRW 70.25
FIRST 5G SECURITIZATIO 1.71 02/28/25 KRW 28.20
FIRST 5G SECURITIZATIO 1.89 11/28/25 KRW 28.57
HEUNGKUK FIRE & MARINE 5.70 12/29/46 KRW 41.13
KIBO ABS SPECIALTY CO 5.00 02/24/24 KRW 69.68
KIBO ABS SPECIALTY CO 5.00 02/24/23 KRW 72.38
KIBO ABS SPECIALTY CO 5.00 02/28/22 KRW 73.57
KIBO ABS SPECIALTY CO 5.00 02/24/22 KRW 74.43
KIBO ABS SPECIALTY CO 5.00 08/28/21 KRW 75.35
LOTTE CARD CO LTD 3.95 06/28/49 KRW 37.34
POSCO ENERGY CO LTD 5.21 08/29/43 KRW 64.45
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SINBO SECURITIZATION S 5.00 06/27/22 KRW 61.81
SINBO SECURITIZATION S 5.00 02/23/22 KRW 63.31
SINBO SECURITIZATION S 5.00 07/24/22 KRW 63.37
SINBO SECURITIZATION S 5.00 07/26/22 KRW 63.44
SINBO SECURITIZATION S 5.00 08/29/22 KRW 64.24
SINBO SECURITIZATION S 5.00 08/31/22 KRW 64.28
SINBO SECURITIZATION S 3.00 11/21/23 KRW 64.32
SINBO SECURITIZATION S 5.00 01/26/22 KRW 64.36
SINBO SECURITIZATION S 5.00 01/25/22 KRW 64.42
SINBO SECURITIZATION S 5.00 09/26/22 KRW 64.63
SINBO SECURITIZATION S 4.00 12/25/23 KRW 65.91
SINBO SECURITIZATION S 4.00 12/25/23 KRW 65.91
SINBO SECURITIZATION S 5.00 06/30/23 KRW 65.93
SINBO SECURITIZATION S 5.00 06/27/23 KRW 65.96
SINBO SECURITIZATION S 4.00 06/30/24 KRW 66.00
SINBO SECURITIZATION S 4.00 06/30/24 KRW 66.00
SINBO SECURITIZATION S 4.00 09/29/24 KRW 66.57
SINBO SECURITIZATION S 4.00 09/29/24 KRW 66.57
SINBO SECURITIZATION S 5.00 01/25/23 KRW 66.68
SINBO SECURITIZATION S 4.00 08/28/24 KRW 66.70
SINBO SECURITIZATION S 4.00 08/28/24 KRW 66.70
SINBO SECURITIZATION S 4.00 07/29/24 KRW 66.82
SINBO SECURITIZATION S 4.00 04/15/24 KRW 66.86
SINBO SECURITIZATION S 5.00 09/26/23 KRW 67.06
SINBO SECURITIZATION S 5.00 09/26/23 KRW 67.06
SINBO SECURITIZATION S 5.00 09/26/23 KRW 67.06
SINBO SECURITIZATION S 5.00 07/24/23 KRW 67.07
SINBO SECURITIZATION S 5.00 07/29/23 KRW 67.08
SINBO SECURITIZATION S 5.00 08/29/23 KRW 67.09
SINBO SECURITIZATION S 5.00 08/29/23 KRW 67.09
SINBO SECURITIZATION S 5.00 09/09/23 KRW 67.25
SINBO SECURITIZATION S 3.00 01/29/24 KRW 67.44
SINBO SECURITIZATION S 5.00 11/21/23 KRW 67.98
SINBO SECURITIZATION S 5.00 06/30/24 KRW 68.13
SINBO SECURITIZATION S 5.00 10/24/23 KRW 68.19
SINBO SECURITIZATION S 5.00 10/24/23 KRW 68.19
SINBO SECURITIZATION S 5.00 02/27/24 KRW 68.34
SINBO SECURITIZATION S 5.00 08/31/21 KRW 68.40
SINBO SECURITIZATION S 5.00 09/29/24 KRW 68.87
SINBO SECURITIZATION S 5.00 08/28/24 KRW 69.03
SINBO SECURITIZATION S 5.00 07/29/24 KRW 69.17
SINBO SECURITIZATION S 5.00 07/29/24 KRW 69.17
SINBO SECURITIZATION S 4.00 01/29/24 KRW 69.44
SINBO SECURITIZATION S 4.00 01/29/24 KRW 69.44
SINBO SECURITIZATION S 5.00 07/26/21 KRW 69.63
SINBO SECURITIZATION S 5.00 01/29/23 KRW 71.11
SINBO SECURITIZATION S 5.00 12/25/22 KRW 71.37
SINBO SECURITIZATION S 5.00 12/25/23 KRW 71.69
SINBO SECURITIZATION S 5.00 02/28/22 KRW 73.56
SINBO SECURITIZATION S 5.00 03/20/23 KRW 73.90
SINBO SECURITIZATION S 5.00 02/28/23 KRW 74.06
SINBO SECURITIZATION S 5.00 12/27/21 KRW 74.25
SRI LANKA
---------
SRI LANKA DEVELOPMENT 4.72 01/22/25 USD 62.66
SRI LANKA DEVELOPMENT 5.98 01/22/25 USD 64.60
SRI LANKA DEVELOPMENT 6.02 01/22/25 USD 64.69
SRI LANKA DEVELOPMENT 6.05 01/22/25 USD 64.76
SRI LANKA DEVELOPMENT 6.50 01/22/25 USD 65.84
SRI LANKA DEVELOPMENT 6.75 01/22/25 USD 66.44
SRI LANKA DEVELOPMENT 6.80 01/22/25 USD 66.56
SRI LANKA DEVELOPMENT 6.82 01/22/25 USD 66.61
SRI LANKA DEVELOPMENT 6.87 01/22/25 USD 66.73
SRI LANKA DEVELOPMENT 6.99 01/22/25 USD 67.02
SRI LANKA DEVELOPMENT 7.68 01/22/25 USD 68.68
SRI LANKA DEVELOPMENT 7.95 05/01/24 USD 72.29
SRI LANKA DEVELOPMENT 7.99 05/01/24 USD 72.46
SRI LANKA DEVELOPMENT 4.04 05/01/23 USD 73.35
SRI LANKA DEVELOPMENT 4.08 05/01/23 USD 73.41
SRI LANKA DEVELOPMENT 4.17 03/16/23 USD 74.91
SRI LANKA GOVERNMENT I 6.20 05/11/27 USD 62.78
SRI LANKA GOVERNMENT I 6.20 05/11/27 USD 62.83
SRI LANKA GOVERNMENT I 6.75 04/18/28 USD 62.83
SRI LANKA GOVERNMENT I 6.75 04/18/28 USD 62.83
SRI LANKA GOVERNMENT I 7.55 03/28/30 USD 62.89
SRI LANKA GOVERNMENT I 7.55 03/28/30 USD 62.90
SRI LANKA GOVERNMENT I 7.85 03/14/29 USD 63.01
SRI LANKA GOVERNMENT I 7.85 03/14/29 USD 63.06
SRI LANKA GOVERNMENT I 6.83 07/18/26 USD 64.44
SRI LANKA GOVERNMENT I 6.83 07/18/26 USD 64.56
SRI LANKA GOVERNMENT I 6.13 06/03/25 USD 65.28
SRI LANKA GOVERNMENT I 6.13 06/03/25 USD 65.37
SRI LANKA GOVERNMENT I 6.85 11/03/25 USD 65.40
SRI LANKA GOVERNMENT I 6.85 11/03/25 USD 65.42
SRI LANKA GOVERNMENT I 6.35 06/28/24 USD 66.20
SRI LANKA GOVERNMENT I 6.35 06/28/24 USD 66.31
SRI LANKA GOVERNMENT I 6.85 03/14/24 USD 66.32
SRI LANKA GOVERNMENT I 6.85 03/14/24 USD 66.34
SRI LANKA GOVERNMENT I 5.75 04/18/23 USD 72.69
SRI LANKA GOVERNMENT I 5.75 04/18/23 USD 72.72
SRILANKAN AIRLINES LTD 7.00 06/25/24 USD 64.06
THAILAND
--------
G STEEL PCL 3.00 10/04/15 USD 0.55
MDX PCL 4.75 09/17/03 USD 22.88
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.
Copyright 2021. All rights reserved. ISSN: 1520-9482.
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*** End of Transmission ***