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

                     A S I A   P A C I F I C

          Tuesday, September 28, 2021, Vol. 24, No. 188

                           Headlines



A U S T R A L I A

CHAPEL OF ANGELS: Second Creditors' Meeting Set for Oct. 5
DRAGONS ABREAST: Second Creditors' Meeting Set for Oct. 6
GO YES: Second Creditors' Meeting Set for Oct. 1
GOOD LIFE: First Creditors' Meeting Set for Oct. 6
ISAAC HYDRAULIC: Second Creditors' Meeting Set for Oct. 5

POZZTECH ENGINEERING: Second Creditors' Meeting Set for Oct. 5
TITAN COAL: First Creditors' Meeting Set for Oct. 6


C H I N A

CHINA EVERGRANDE: Banks Try to Calm Fears About Developer's Debts
CHINA EVERGRANDE: EV Unit Scraps Shanghai IPO Plan
EHI CAR: S&P Raises ICR to 'B+' on Notes Issuance, Outlook Stable
RONSHINE CHINA: Fitch Lowers LT FC IDR to 'B+', Outlook Negative
SUNSHINE 100: S&P Withdraws 'D' Long-Term Issuer Credit Rating



I N D I A

3GR AGRO: CRISIL Keeps B+ Debt Rating in Not Cooperating
AVADH INFRASTRUCTURE: CRISIL Keeps B+ Rating in Not Cooperating
B.R. SHETTY: Bankruptcy Hits Dialysis Centers in Gov't. Hospitals
CHOUDHURY COLD: CRISIL Reaffirms B Rating on INR5.3cr Loan
DURGA MARUTHI: CRISIL Withdraws Rating on INR10.35cr Loan

INDIAN SUGAR: CRISIL Keeps D Debt Ratings in Not Cooperating
JCR CINEMA: CRISIL Lowers Rating on INR20cr Term Loan to D
KALIKA ENTERPRISE: CRISIL Keeps D Debt Ratings in Not Cooperating
KASHI PANDHARI: CRISIL Keeps B+ Debt Ratings in Not Cooperating
KGPS MECHANICAL: CRISIL Keeps D Debt Ratings in Not Cooperating

LAXMI MOULDS: CRISIL Keeps D Debt Ratings in Not Cooperating
LONGOWALIA YARNS: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
MALLEMAALA AGRO: CRISIL Keeps B Debt Ratings in Not Cooperating
MAPSKO BUILDERS: CRISIL Keeps B Debt Rating in Not Cooperating
MATHURA AGRO: CRISIL Keeps B- Debt Ratings in Not Cooperating

METCUT TOOLINGS: CRISIL Keeps D Debt Ratings in Not Cooperating
PAGODA STEELS: CRISIL Withdraws D Rating on INR12cr Cash Loan
SANNIDHI FOODS: CRISIL Keeps D Debt Ratings in Not Cooperating
SAVERA PIPES: CRISIL Keeps B+ Debt Rating in Not Cooperating
SENTHILANDAVAR COTTON: CRISIL Keeps B+ Rating in Not Cooperating

SWARN CARS: CRISIL Keeps B+ Debt Rating in Not Cooperating
SWASTIK ISPAT: CRISIL Keeps D Debt Ratings in Not Cooperating
TEJAS INTERNATIONAL: CRISIL Keeps B Rating in Not Cooperating
TILAK EXPORTS: CRISIL Keeps D Debt Ratings in Not Cooperating
TROPICAL COATINGS: CRISIL Keeps D Debt Ratings in Not Cooperating

UP KORAUN: Ind-Ra Keeps 'B-' Term Loan Rating in Non-Cooperating
UP MEHRAUNI II: Ind-Ra Keeps 'B-' Loan Rating in Non-Cooperating
UP SARILA: Ind-Ra Keeps 'B-' Term Loan Rating in Non-Cooperating
V. S. TAPES: CRISIL Lowers Rating on INR5.25cr Cash Loan to B
VENKATESHWARA SHIKSHAN: CRISIL Keeps D Ratings in Not Cooperating

VM CASHEWS: CRISIL Lowers Rating on INR25cr LT Loan to B
VNR EXPORTS: CRISIL Lowers Long Term Rating on Bank Debts to D
VODAFONE IDEA: Confident of Funding Deal After Gov't. Package Boost


M A L A Y S I A

MALAYSIA: 1,246 Firms Forced to Wind Down During Pandemic, PM says


S I N G A P O R E

GEO ENERGY: Fitch Raises LT IDR to 'CCC+'
MEMSTAR TECHNOLOGY: Creditors' Proofs of Debt Due on Oct. 27


X X X X X X X X

[*] BOND PRICING: For the Week Sept. 20, 2021 to Sept. 24, 2021
[*] Covid-19 Lockdowns in Asia Deepen Commodity Supply-Chain Pain

                           - - - - -


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

CHAPEL OF ANGELS: Second Creditors' Meeting Set for Oct. 5
----------------------------------------------------------
A second meeting of creditors in the proceedings of Chapel of
Angels Pty Ltd, trading as The Falls Wedding Chapel Montville, has
been set for Oct. 5, 2021, at 11:00 a.m. via teleconferencing
facilities only.

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

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

Liam Bailey of O'Brien Palmer was appointed as administrator of
Chapel of Angels on Aug. 9, 2021.


DRAGONS ABREAST: Second Creditors' Meeting Set for Oct. 6
---------------------------------------------------------
A second meeting of creditors in the proceedings of Dragons Abreast
Australia Ltd has been set for Oct. 6, 2021, at 11:30 a.m. via
virtual meeting.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Oct. 5, 2021, at 4:00 p.m.

Aaron Torline of Slaven Torline was appointed as administrator of
Dragons Abreast on Aug. 31, 2021.


GO YES: Second Creditors' Meeting Set for Oct. 1
------------------------------------------------
A second meeting of creditors in the proceedings of Go Yes Pty Ltd,
trading as Sushi Sushi Central, has been set for Oct. 1, 2021, at
3:30 p.m. via virtual meeting technology.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Sept. 30, 2021, at 5:00 p.m.

Clifford John Sanderson of Restructuring Works was appointed as
administrators of Go Yes on Aug. 29, 2021.


GOOD LIFE: First Creditors' Meeting Set for Oct. 6
--------------------------------------------------
A first meeting of the creditors in the proceedings of Good Life
One World Pty Ltd will be held on Oct. 6, 2021, at 10:30 a.m. via
virtual meeting technology.

Stephen John Hundy of Worrells Solvency & Forensic Accountants was
appointed as administrator of Good Life on Sept. 24, 2021.



ISAAC HYDRAULIC: Second Creditors' Meeting Set for Oct. 5
---------------------------------------------------------
A second meeting of creditors in the proceedings of Isaac Hydraulic
Hose Services Pty Ltd has been set for Oct. 5, 2021, at 2:30 p.m.
at the offices of SV Partners, in Brisbane, Queensland.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Oct. 1, 2021, at 5:00 p.m.

David Michael Stimpson and Terry John Rose of SV Partners were
appointed as administrators of Isaac Hydraulic on Aug. 30, 2021.

POZZTECH ENGINEERING: Second Creditors' Meeting Set for Oct. 5
--------------------------------------------------------------
A second meeting of creditors in the proceedings of Pozztech
Engineering Pty Ltd, trading as "Pozztech Engineering", has been
set for Oct. 5, 2021, at 11:00 a.m. via Zoom webinar.

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

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

Jerome Hall Mohen and Gregory Bruce Dudley of RSM Australia
Partners were appointed as administrators of Pozztech Engineering
on Aug. 31, 2021.


TITAN COAL: First Creditors' Meeting Set for Oct. 6
---------------------------------------------------
A first meeting of the creditors in the proceedings of Titan Coal
Fields Ind Pty Ltd will be held on Oct. 6, 2021, at 10:00 a.m. via
virtual meeting technology.

Jarvis Lee Archer of Revive Financial was appointed as
administrator of Titan Coal on Sept. 23, 2021.




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

CHINA EVERGRANDE: Banks Try to Calm Fears About Developer's Debts
-----------------------------------------------------------------
Caixin Global reports that some of China Evergrande Group's major
bank creditors are trying to calm jittery investors about their
links to the teetering developer, as fears persist that the
company's enormous debts could spark contagion in the financial
system.

In response to an online question, China Zheshang Bank Co. Ltd.,
one of Evergrande's major creditors, said that it has loaned
Evergrande CNY3.8 billion ($587 million) in total, a risk that is
"controllable" because there is "sufficient" collateral backing the
loans, according to a Q&A website run by the Shanghai Stock
Exchange.

Evergrande's 2020 annual report listed 20 banks as major business
partners, more than half of which are listed, but Zheshang Bank was
the only bank that had disclosed an exact figure for how much it is
owed as of Sept. 23, Caixin says.

                       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 on
September 17 2021, S&P Global Ratings downgraded on September 15,
2021, China Evergrande Group (Evergrande) and its subsidiaries
Hengda Real Estate Group Co. Ltd. and Tianji Holding Ltd. to 'CC'
from 'CCC'. S&P also lowered its long-term issue rating on the U.S.
dollar notes issued by Evergrande and guaranteed by Tianji to 'C'
from 'CCC-'. The negative outlook reflects Evergrande's very high
nonpayment risk and probability of debt restructuring. S&P said it
downgraded Evergrande because the company's liquidity appears to be
depleted. As such, S&P believes nonpayment risk is extremely high
and could ultimately lead to debt restructuring--meaning a default
scenario is a virtual certainty.


CHINA EVERGRANDE: EV Unit Scraps Shanghai IPO Plan
--------------------------------------------------
South China Morning Post reports that China Evergrande Group hit
another bump on the road to ease its liquidity crisis after
abandoning a plan to float its car-making unit at home. At the same
time, oil explorer CNOOC Limited and Dongfeng Motor unveiled their
new listing aims.

The indebted developer's car-making unit, known as Evergrande New
Energy Vehicle Group, will no longer proceed with its domestic
share offering after "due and careful consideration," according to
a filing on Sept. 26 to the Hong Kong stock exchange, where the
company is already listed, the Post relays.

According to the Post, the proposed listing on Shanghai's board for
technology companies, known as the Star Market, was first mooted a
year ago, when it sought no less than US$5 billion to help fund its
ambitions: to take on the likes of Tesla and dominate the local and
global electric vehicle (EV) market within three to five years.

Since then, the EV firm - and its cash-strapped parent China
Evergrande Group - have instead fallen on hard times, running down
its cash before selling its first car, the report says. It has
delayed payments to suppliers and contractors and halted work on
certain projects, according to a filing late on Sept. 24. Its
market value has evaporated by US$84 billion from the peak in
mid-April.

That is just one small part of the troubles brewing at its
Shenzhen-based parent company, the Post notes. Founder Hui Ka-yan
is racing against time to prevent his indebted property empire from
sinking under CNY1.97 trillion (US$305 billion) of liabilities. A
September 23 deadline for an interest payment on an offshore bond
passed without an update and some money managers expect an eventual
default, the report adds.

                       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 on
September 17 2021, S&P Global Ratings downgraded on September 15,
2021, China Evergrande Group (Evergrande) and its subsidiaries
Hengda Real Estate Group Co. Ltd. and Tianji Holding Ltd. to 'CC'
from 'CCC'. S&P also lowered its long-term issue rating on the U.S.
dollar notes issued by Evergrande and guaranteed by Tianji to 'C'
from 'CCC-'. The negative outlook reflects Evergrande's very high
nonpayment risk and probability of debt restructuring. S&P said it
downgraded Evergrande because the company's liquidity appears to be
depleted. As such, S&P believes nonpayment risk is extremely high
and could ultimately lead to debt restructuring--meaning a default
scenario is a virtual certainty.


EHI CAR: S&P Raises ICR to 'B+' on Notes Issuance, Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings raises its long-term issuer credit rating on
China-based car rental company eHi Car Services Ltd. and its issue
rating on the company's existing senior notes to 'B+' from 'B'. S&P
is removing all the ratings from CreditWatch with positive
implications.

At the same time, S&P is assigning its 'B+' long-term issue rating
to the US$300 million five-year senior unsecured notes due in
2026.

The stable outlook reflects eHi's car fleet expansion, which could
constrain its EBIT interest coverage at below 1.3x over the next 12
months, sufficient liquidity buffer, and lengthening debt maturity
profile.

eHi's notes issuance will improve the company's debt maturity
profile and liquidity. The upgrade reflects the lengthening of
eHi's weighted average debt maturities to more than three years,
following the issuance of its US$300 million five-year notes due
September 2026. S&P estimates the notes will provide the company
with enough liquidity to refinance its debts and support car fleet
expansion, within its base-case scenario, until at least the end of
June 2023. The company is likely to use the notes proceeds for
refinancing, including the tender offer for its 2022 senior
unsecured notes of about US$67 million. About US$185 million of the
2022 notes remain outstanding. The company could use the remaining
proceeds to refinance some of its higher-interest lease liabilities
from its program-car arrangements.

At the same time, eHi is becoming increasingly reliant on overseas
capital markets after the issuance, with U.S. dollar notes
accounting for about two-thirds of its total debt. This could weigh
on the company's liquidity, should capital market conditions
deteriorate. The company's utilization of program-car agreements
and bank loans could help alleviate some of these risks.

The stable outlook reflects eHi's car fleet expansion, which is
likely to constrain the company's EBIT interest coverage at below
1.3x over the next 12 months. S&P also expects the company to
maintain sufficient liquidity buffer and preserve its lengthening
debt maturity profile.

S&P may lower the rating if eHi's liquidity weakens over the next
12 months. This could occur if the company uses the notes proceeds
for aggressive fleet expansion.

S&P said, "We could also downgrade eHi if the company's leverage
deteriorates significantly, as indicated by an EBIT interest
coverage of 1.1x. This could happen if eHi expands its car fleet
more aggressively than we expected, resulting in a significant
deterioration in average daily net revenue per available car
(RevPAC) or a substantial increase in interest expenses or
depreciation.

"We may raise the rating if eHi accumulates sufficient leverage
buffer over the next 12 months. An upgrade trigger could be the
company improving and sustaining its EBIT interest coverage at more
than 1.3x and ratio of funds from operations (FFO) to debt at more
than 20%. This could happen if eHi's competitive landscape
improves, the company's pricing strengthens, or it achieves greater
scale efficiency, such that its unit economics materially improve,
such as utilization or RevPAC."


RONSHINE CHINA: Fitch Lowers LT FC IDR to 'B+', Outlook Negative
----------------------------------------------------------------
Fitch Ratings has downgraded the Chinese homebuilder Ronshine China
Holdings Limited's Long-Term Foreign-Currency Issuer Default Rating
(IDR) to 'B+' from 'BB-'. The Outlook is Negative. Fitch has also
downgraded the senior unsecured rating and the ratings on
Ronshine's outstanding US-dollar senior notes to 'B+' with Recovery
Rating of 'RR4', from 'BB-'.

The downgrade reflects Ronshine's weak profitability as the result
of high land costs for projects acquired in the past few years,
while price caps imposed by local governments have limited its
average selling price. The Negative Outlook reflects Fitch's view
that there are uncertainties about the pace of margin recovery,
which was slower than Fitch expected in 1H21.

KEY RATING DRIVERS

Low Profitability: Fitch believes Ronshine's EBITDA margin and
return efficiency are low compared with peers at similar rating
levels. Its EBITDA margin, net of land appreciation tax (LAT) and
excluding write-down of inventory, dropped to 4.4% in 1H21 from
6.1% in 2020. The EBITDA margin remained thin due to the booking of
a few projects in high-tier cities in the Yangtze River Delta where
the price caps were imposed by the government.

Margin Recovery Pace Uncertain: Fitch expects recovery in
Ronshine's margins to be in line with that of 'B+' peers, although
there are still uncertainties about the pace of recovery.
Ronshine's EBITDA margin in 1H21 was lower than Fitch expected. The
company continues to focus on high-tier cities, such as Shanghai
and Hangzhou, to preserve its sales and cash collection. While
Fitch believes demand remains robust in these cities, the margins
are likely to remain somewhat muted and policy risks high.

Stable Leverage: Fitch expects leverage (net debt/adjusted
inventory, including guarantees provided to - and net assets of -
JVs and associates) to stay at 43%-45% over the next two years.
Fitch assumes the company will spend 40%-50% of attributable sales
proceeds to acquire land. Ronshine incurred an attributable land
acquisition cost of CNY21 billion in 1H21, with some of the cash
outflow to occur in 2H21. Fitch expects full-year attributable land
acquisition outflow of CNY25 billion, equivalent to about 40% of
sales proceeds.

Sales Growing Steadily: Fitch estimates that Ronshine's total sales
will increase by 3% to about CNY160 billion in 2021. The company
had total contracted sales of about CNY110 billion in the first
eight months of 2021. Fitch believes it will be able to achieve its
sales target of CNY160 billion. Tier 1 and 2 cities account for
about 82% of its land bank by area. Fitch believes its sales and
business profile can be sustained if its margins and return
efficiency can recover and be maintained at levels similar to those
of peers.

High Non-Controlling Interest: Ronshine's non-controlling interest
(NCI) accounted for about 65% of total equity, which is high among
peers. This reflects its reliance on capital contributions from
non-controlling shareholders - mostly developers - to finance its
expansion. This reduces Ronshine's need for debt funding, but
creates the potential for cash leakage and reduces financial
flexibility because homebuilders with lower NCI can dispose of
stakes in projects to cut leverage.

DERIVATION SUMMARY

Ronshine's leverage of about 45% is similar to 'B+' rated peers
such as Redsun Properties Group Limited (B+/Stable) and Yuzhou
Group Holdings Company Limited (B+/Stable). However, its EBITDA
margin (net of LAT) of about 6% in 2020 and 4% in 1H21, is weaker
than the majority of its peers in the 'B' rating category. Although
Ronshine's attributable sales of CNY70 billion-80 billion is larger
than that of most of 'B+' rated peers, Fitch believes its business
profile would be more sustainable if its margins can normalise to
the level similar to peers.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

-- Total annual contracted sales of CNY160 billion-170 billion in
    2021-2023 (2020: CNY155 billion);

-- Gross profit margin to recover to 13% in 2021, and 15% in 2022
    and 2023 (11% in 2020);

-- Land acquisition outflow to account for 40%-50% of sales
    proceeds in 2021-2023.

Key Recovery Rating Assumptions

-- The recovery analysis assumes that Ronshine would be
    liquidated rather than reorganized as a going-concern in
    bankruptcy, as the former yields a higher value.

-- Fitch uses a multiple assumption tool to derive a 4x EBITDA
    multiple to estimate the going concern value for Ronshine.

-- Fitch has assumed a 10% administrative claim.

Liquidation Approach

The liquidation estimate reflects Fitch's view of the value of
balance sheet assets that can be realized in sale or liquidation
processes conducted during a bankruptcy or insolvency proceeding
and distributed to creditors.

-- 70% advance rate to accounts receivable;

-- 20% advance rate to investment properties, as the rental yield
    was only 1%;

-- 60% advance rate to land and buildings;

-- 60% advance rate to adjusted net inventory to reflect
    Ronshine's EBITDA margin of below 20%, while Fitch believes
    its land bank quality is satisfactory as it is mostly in Tier
    1-2 cities. Fitch included the restricted cash in the
    inventory as they are restricted for construction of
    properties, which can be turned into inventory for sale;

-- As Ronshine's available cash is larger than its trade
    payables, Fitch gives a 60% advance rate to its excess cash,
    after deducting 3 months' of contracted sales, assuming this
    cash will be used to replenish its land bank;

-- The allocation of value in the liability waterfall results in
    recovery corresponding to a Recovery Rating of 'RR4' for the
    senior unsecured offshore bonds.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- Unsustainable EBITDA margin and return efficiency;

-- Leverage, measured by net debt/net property assets, above 55%
    for a sustained period;

-- Deterioration in liquidity or weakening in access to funding.

Factor that could, individually or collectively, lead to positive
rating action/upgrade:

-- The Outlook may be revised to Stable if the negative rating
    sensitivities are not met in the next 18 months.

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: At end-June 2021, Ronshine had unrestricted
cash and term deposits of CNY27.3 billion, sufficient to cover its
short-term debt of CNY25.1 billion, of which CNY12 billion are
capital market maturities (including onshore bonds of CNY6.4
billion puttable within a year). The company issued USD300 million
of 7.1% 2025 bonds in January 2021, and repaid USD560 million of
bonds due in August 2021. Ronshine repurchased about CNY3 billion
of onshore corporate bonds in July-August, and issued CNY1 billion
of 6.5% four-year onshore bonds in July.

ISSUER PROFILE

Ronshine is based in Fujian in southern China, but has been
expanding into other regions. It became a multi-regional property
developer in 2017. The Hong Kong-listed company had total land bank
of 19.95 million square metres of saleable gross floor area in
China at end-June 2021.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch's calculation of CNY134.2billion in adjusted inventory at
end-2020 includes CNY134.2 billion in properties under development,
CNY7.3 billion in prepayment for acquisition of land, CNY0.4
billion related to land use rights, CNY10.9 billion in investment
in JV and associates, CNY12 billion in investment properties,
CNY1.4 billion in land and buildings, CNY6 billion due from JV and
associates, CNY11.5 billion due from NCIs, less CNY64.8 billion in
contract liabilities, CNY9.8 billion due to NCIs, and CNY5.3
billion due to JV and associates. Fitch has adjusted the value of
investment properties based on investment properties at cost.

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.

SUNSHINE 100: S&P Withdraws 'D' Long-Term Issuer Credit Rating
--------------------------------------------------------------
S&P Global Ratings withdrew its 'D' long-term issuer credit rating
on Sunshine 100 China Holdings Ltd. at the company's request.




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3GR AGRO: CRISIL Keeps B+ Debt Rating in Not Cooperating
--------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of 3GR Agro LLP
continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            15        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with 3GR for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of 3GR, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on 3GR
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
3GR continue to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Formed in 2016, 3GR is a part of the Goenka group, and is managed
by Mr. Gopal Goenka and his son, Mr. Rishi Goenka. The partnership
firm processes almonds. It has a shell-cracking unit for almonds in
Jaipur.


AVADH INFRASTRUCTURE: CRISIL Keeps B+ Rating in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Avadh
Infrastructure Private Limited (AIPL) continues to be 'CRISIL
B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             25       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with AIPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
AIPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

AIPL, promoted by Mr. Arvind J Ramani and family, was initially
established as Akaar Builders, a proprietorship firm in 1993.
Later, it was reconstituted as a partnership firm in 1998 and as a
private limited company in 2004, when it was given its current
name. The company was initially a construction contractor in
Gujarat but since fiscal 2010, it has shifted its focus to real
estate development.

In 2012, AIPL also entered into compressed natural gas (CNG)
distribution business. The station became operational in May 2012
and the company has entered into an agreement with Gujarat State
Road Transport Corporation to supply CNG to all its buses in
Porbandar and Junagadh route. Further, it has installed 0.8
megawatt windmill near Jamnagar in Gujarat in 2013 to generate
power and to support the Gujarat State Petroleum Corporation CNG
station.


B.R. SHETTY: Bankruptcy Hits Dialysis Centers in Gov't. Hospitals
-----------------------------------------------------------------
The Hindu reports that with businessman B.R. Shetty's group having
gone financially bankrupt, the State government of Karnataka in
India on Sept. 23 informed the Legislative Assembly that many
dialysis centres in government hospitals across the State have
become dysfunctional and efforts will be made to restore them in a
month.

In a reply to D.S. Suresh (BJP), Minister for Health and Family
Welfare K. Sudhakar said the previous government had outsourced
services to B.R. Shetty's health firm to deliver services at
dialysis centres in government hospitals, but in many places the
centres have not been providing services, The Hindu relays. The
group has not paid salaries to staff for many months and the
government has been paying from the National Health Mission, Mr.
Sudhakar said.

According to the Hindu, the Minister said the government would
foreclose tenders and call fresh tenders for operation of the
dialysis centres. Mr. Sudhakar also said that the department was
planning to take legal action against the firm for its failure to
honour commitments in delivery of services to poor patients.

The Hindu relates that Shivananda Patil (Congress) said dialysis
patients have been visiting private hospitals for treatment by
paying around INR3000. Neither injections nor tablets were
available in hospitals, he said. Mahantesh Kaujalagi (Congress)
said that in some cases, breakdown in power supply was causing
inconvenience to patients.

Speaker Vishweshwar Hegde Kageri told the Minister to take steps on
a war-footing to set the system right. The bureaucracy would not
show much interest and the Minister has to take steps for early
commencement of services in all government hospitals, the Speaker
told Mr. Sudhakar.


CHOUDHURY COLD: CRISIL Reaffirms B Rating on INR5.3cr Loan
----------------------------------------------------------
CRISIL Ratings has reaffirmed its 'CRISIL B/Stable' rating on the
long-term bank facilities of Choudhury Cold Storage Pvt Ltd
(CCSPL).

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             0.9      CRISIL B/Stable (Reaffirmed)
   Working Capital Loan    5.3      CRISIL B/Stable (Reaffirmed)


The rating continues to reflect CCSPL's susceptibility to
regulatory changes and intense competition in the West Bengal cold
storage business, vulnerability to delays in payment by farmers
because of adverse market conditions, and its modest financial risk
profile. These weaknesses are partially offset by the extensive
industry experience of the promoters.

Analytical Approach

CRISIL has treated loans of INR57 lakh as of March 31, 2020 from
the promoters as neither debt nor equity as these loans are
expected to remain in the business over the medium term.

Key Rating Drivers & Detailed Description

Weaknesses:

* Susceptible to regulatory changes and intense competition: The
potato cold storage industry in West Bengal is regulated by the
West Bengal Cold Storage Association. Storage rent as well as
marketing, drying, and insurance charges are fixed by the
association. Fixed rentals limit the ability to generate profits
based on the company's strengths and geographic advantages.
Furthermore, the cold storage segment is fragmented. Hence, players
have limited bargaining power and offer discounts to ensure healthy
utilization of storage capacities.

* Vulnerability to delays in payment by farmers because of adverse
market conditions: Loans are provided to farmers against the stored
products. In case of adverse market trends, farmers do not find it
profitable to pay the rental and interest charges along with loan
obligation, and hence do not retrieve potatoes from cold storages,
thus impacting the credit risk profit of the company.

* Modest financial risk profile: The networth was small, estimated
at around INR29 lakh as of March 31, 2021, and the capital
structure highly geared. Also, the net cash accrual to adjusted
debt ratio is estimated to remain subdued because of minimal cash
accrual in fiscal 2021. Lower accretion to reserves may continue to
constrain the financial risk profile over the medium term.

Strength:

* Extensive industry experience of the promoters: A presence of
more than two decades in the cold storage industry through an
associate concern has enabled the promoters to establish a strong
relationship with farmers and traders, thereby ensuring healthy
utilization of storage capacity.

Liquidity: Stretched

Expected low annual cash accrual of INR17-18 lakh, would just be
sufficient in the absence of any repayment obligation over the
medium term. However, the bank limit remains highly utilized during
the peak season (March-April). The current ratio is estimated to be
modest at 1.11 time as of March 31, 2021.

Outlook: Stable

CRISIL Ratings believes CCSPL will continue to benefit from the
extensive experience of the promoters.

Rating Sensitivity factors

Upward factors

* Increase in rental rates and optimum capacity utilization,
resulting in ramp-up in revenue, with the operating margin
exceeding 16%
* Improvement in the financial risk profile, especially liquidity

Downward factors

* A decline in rental rates and capacity utilization
* Weakening of the interest coverage ratio to less than 1 time
* Delay in payments by farmers

CCSPL was incorporated in 1997, promoted by Mr. Sukumar Choudhury,
Mr. Subodh Choudhury, and Mr. Subhankar Choudhury. The company
operates a cold storage unit (primarily for storing potatoes) in
the Medinipur district of West Bengal. The unit has a capacity of
1,40,000 quintals.

DURGA MARUTHI: CRISIL Withdraws Rating on INR10.35cr Loan
---------------------------------------------------------
CRISIL Ratings has reaffirmed its rating on the long term bank
facilities of Sri Durga Maruthi Automotives Private Limited
(SDMAPL) and subsequently withdrawn the rating at the company's
request and on receipt of a no-objection certificate from the
bankers. The withdrawal is in line with CRISIL Ratings' policy on
withdrawal of bank loan ratings.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             4        CRISIL D (Rating Reaffirmed
                                    and Withdrawn)

   Electronic Dealer      10.35     CRISIL D (Rating Reaffirmed
   Financing Scheme                 and Withdrawn)
   (e-DFS)                
                                    
   Proposed Long Term     0.24      CRISIL D (Rating Reaffirmed  
   Bank Loan Facility               and Withdrawn)

   Term Loan              1.75      CRISIL D (Rating Reaffirmed
                                    and Withdrawn)

Key Rating Drivers & Detailed Description

Strengths:

* Extensive industry experience of the promoter and established
presence in the auto dealership business: The company is promoted
by Mr. S Venkateswara Rao, who has been in the auto business for
around two decades. CRISIL believes SDMAPL will continue to benefit
from its established presence and its promoter's extensive
experience.

* Moderate operating efficiencies: Above-average operating margin
and prudent working capital management results in moderate
operating efficiencies. Return on capital employed was comfortable
at 15.2% in fiscal 2020 and is likely to be in the range of 13-14%
over the medium term.

Weakness:

* Modest scale of operations in the intensely competitive auto
dealership segment: SDMAPL's modest scale is reflected in revenue
of INR53.1 crore in fiscal 2020. The company faces competition from
other dealers of MSIL and of other four-wheeler manufacturers in
Andhra Pradesh. CRISIL believes SDMAPL's scale of operations will
remain modest over the medium term.

* Below-average financial risk profile: Financial risk profile is
marked by a modest networth and high total outside liabilities to
tangible networth (TOL/TNW) of INR3.33 crore and 4.89 times
respectively as of March 31, 2020. Interest coverage ratio too is
modest at 1.44 times in fiscal 2020.

Liquidity: Poor

Working capital facilities were utilized extensively at 95.7% on
average over the 12 months through June 2020, while the electronic
dealer financing scheme facility was utilized 91.2% on average in
the six months through June 2020.

Rating Sensitivity factors

Upward factors:

* Track record of timely debt servicing for at least over 90 days
* Sustained improvement in financial risk profile

Incorporated in 2016, SDMAPL is an authorised dealer of MSIL at
Anantpur in Andhra Pradesh for the Nexa range of four-wheelers and
spares, accessories and services. The company is promoted by Mr.
Venkateshwar Rao.


INDIAN SUGAR: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Indian Sugar
Manufacturing Company Limited (ISMCL) continue to be 'CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit          27.41       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit           1.80       CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             4.89       CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan            14.40       CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             3.79       CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan            16.61       CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan             4.10       CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with ISMCL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of ISMCL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on ISMCL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
ISMCL continues to be 'CRISIL D Issuer Not Cooperating'.

ISMCL was set up in 2000 by Dr. Veerana Pattar and his colleagues.
In January 2010, the company commissioned a sugar plant and a
bagasse-based cogeneration power plant in Bijapur (Karnataka).

JCR CINEMA: CRISIL Lowers Rating on INR20cr Term Loan to D
----------------------------------------------------------
CRISIL Ratings has downgraded its rating on the bank facilities of
JCR Cinema Private Limited (JCPL) to 'CRISIL D' from 'CRISIL
B/Stable'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Term Loan               20       CRISIL D (Downgraded from
                                    'CRISIL B/Stable')

The downgrade reflects delays in repayment of term loan from March
2021 because of weak liquidity. The rating continues to reflect
below-average financial risk profile and weak operating
performances. These weaknesses are partially offset by extensive
experience of the partners.

Analytical Approach

Unsecured loans from promoters INR14.92 crores as of March 31st,
2020 is treated as debt in absence of long-standing track record.

Key Rating Drivers & Detailed Description

Weakness:

* Delays in servicing debt obligation: There have been continuous
delays in servicing term loan obligations by the firm since March
2021.

* Below average financial risk profile: Modest net worth and high
total outside liabilities to adjusted net worth ratio estimated at
INR9.41 crores and 3.83 times respectively as of March 31, 2020
represents leveraged capital structure. Time overrun in
commencement of commercial operations has also resulted in weak
debt protection metrics.

* Weak operating performance: Firms operating performance is weak
as indicated by estimated to report modest revenue of INR0.19 crore
in fiscal 2021.

Strength:

* Extensive experience of the partners: Partners have extensive
experience in the industry and over the years, has established
relations with customer base of dealers from operations of other
group entities. Partners have provided funding support to the firm
through unsecured loans.

Liquidity: Poor

Liquidity is poor given delay in commencement of business
operations and repayment obligation of around INR0.7 crore per
annum in fiscal 2022. Accordingly, there have been delays in
servicing of repayment obligations for term loan by the firm. Firm
has negligible cash and bank balances (both encumbered and
unencumbered) of INR0.13 crore as on March 31, 2020. No major capex
is expected over the medium term. Liquidity is partially supported
by USL from partners and family, which stood at around INR14.92
crore as on March 31, 2020. Reliance on fund support from promoters
to meet repayment obligations is expected to continue.

Rating Sensitivity Factors

Upward factors

* Track record of timely debt servicing for at least over 90 days
* Significant improvement in liquidity on back of substantial
improvement in operating performance, restructuring of debt or
infusion of equity.

Established in August 2012, JCPL is an entertainment hub, set up in
the name of 'Firestone', in Jamnagar. This hub includes a
three-screen multiplex, a drive-in theatre, a 3-star hotel, a
rooftop restaurant, two banquet halls, a retail store/supermarket,
and a gaming zone with a food court.


KALIKA ENTERPRISE: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kalika
Enterprise (KE) continue to be 'CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             9.5      CRISIL D (Issuer Not
                                    Cooperating)

   Funded Interest
   Term Loan               2        CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with KE for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KE, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KE is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of KE
continues to be 'CRISIL D Issuer Not Cooperating'.

KE was set up as a partnership firm in 1997. The firm undertook
trading of coal and coke in Durgapur. Currently, the business is
currently not operational, due to unavailability of coal and coke
at a viable price.

KASHI PANDHARI: CRISIL Keeps B+ Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Kashi
Pandhari Cottex (KPC; part of the Balaji group) continue to be
'CRISIL B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           10.4       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

   Proposed Cash          3.6       CRISIL B+/Stable (Issuer Not
   Credit Limit                     Cooperating)

   Term Loan              3.0       CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with KPC; part of
the Balaji group) for obtaining information through letters and
emails dated February 22, 2021 and August 13, 2021 among others,
apart from telephonic communication. However, the issuer has
remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KPC, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KPC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KPC continue to be 'CRISIL B+/Stable Issuer Not Cooperating'.

For arriving at the rating, CRISIL Ratings has combined the
business and financial risk profiles of Kashi Pandhari Cottex (KPC)
and Balaji Ginning and Pressing Factory (BGPF). This is because the
two entities, together referred to as the Balaji group, are in the
same line of business, and have a common management in addition to
operational linkages.

The Balaji group is based in Jalgaon (Maharashtra) and is engaged
in ginning and pressing of raw cotton and extraction of cotton
seeds. KPC, a partnership firm set up in 2012, gins and presses raw
cotton. BGPF, a partnership firm set up in 2005, is also in the
same business. It also has an in-house oil mill for extracting oil
from cotton seeds.


KGPS MECHANICAL: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of KGPS
Mechanical Private Limited (KGPS) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee         2.5       CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit            5.24      CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term     2.26      CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with KGPS for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of KGPS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on KGPS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
KGPS continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Gujarat based, KGPS undertakes mechanical fabrication work for
tanks, structures, and piping, and material handling for industries
such as petroleum and chemicals, cement, and fast moving consumer
goods (FMCG). KGPS is promoted by Mr. Subramanian Pachat and Mr.
Santhosh Pachat.

LAXMI MOULDS: CRISIL Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Laxmi Moulds
Industries Private Limited (LMI) continue to be 'CRISIL D Issuer
Not Cooperating'.

                          Amount
   Facilities          (INR Crore)    Ratings
   ----------          -----------    -------
   Buyer Credit Limit        3        CRISIL D (Issuer Not
                                      Cooperating)

   Proposed Long Term        1.86     CRISIL D (Issuer Not
   Bank Loan Facility         
                                      Cooperating)

   Proposed Long Term
   Bank Loan Facility       13.20     CRISIL D (Issuer Not
                                      Cooperating)

   Term Loan                 0.94     CRISIL D (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with LMI for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of LMI, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on LMI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
LMI continues to be 'CRISIL D Issuer Not Cooperating'.

LMI was set up as a proprietorship concern, Laxmi Moulds
Industries, in 1981 by Mr. Nobukumar Manna. The firm's operations
were transferred to LMI on April 1, 2011. LMI manufactures tyre
moulds for motorcycles, trucks, tractors, and buses. Its
manufacturing facility is in Bhayander, Maharashtra. Operations are
managed by Mr. Nobukumar Manna and his son Mr. Shankar Manna.

LONGOWALIA YARNS: Ind-Ra Moves BB+ Issuer Rating to Non-Cooperating
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Longowalia Yarns
Limited's (LYL) Long-Term Issuer Rating of 'IND BB+' to the
non-cooperating category and has simultaneously withdrawn it.

The instrument-wise rating actions are:

-- INR180 mil. Term loan* due on September 2023 migrating to non-

     cooperating category and withdrawn;

-- INR680 mil. Fund-based working capital limit# migrating to
     non-cooperating category and withdrawn; and

-- INR140 mil. Non-fund-based working capital limits@ migrating
     to non- cooperating category and withdrawn.

*Migrated to 'IND BB+ (ISSUER NOT COOPERATING) before being
withdrawn

# Migrated to 'IND BB+ (ISSUER NOT COOPERATING)/IND A4+ (ISSUER
NOT COOPERATING) before being withdrawn

@ Migrated to 'IND A4+ (ISSUER NOT COOPERATING) before being
withdrawn

KEY RATING DRIVERS

The ratings have been migrated to the non-cooperating category
before being withdrawn as LYL 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 ratings, as the agency
has received a no-objection certificate from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies.

COMPANY PROFILE

LYL, incorporated in 1994, manufactures yarn and fabric, and is
also engaged in the trading of yarn and fabric.


MALLEMAALA AGRO: CRISIL Keeps B Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Mallemaala
Agro Private Limited (MAPL) continue to be 'CRISIL B/Stable Issuer
Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           4.75       CRISIL B/Stable (Issuer Not
                                    Cooperating)

   Long Term Loan       25.00       CRISIL B/Stable (Issuer Not
                                    Cooperating)

   Proposed Long Term    0.25       CRISIL B/Stable (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with MAPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MAPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MAPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MAPL continues to be 'CRISIL B/Stable Issuer Not Cooperating'.

MAPL, incorporated in 2013, produces commercial eggs. Based in
Hyderabad, the company commenced operations in January 2015. It is
promoted by Mr. M Shyam Prasad Reddy and his family.


MAPSKO BUILDERS: CRISIL Keeps B Debt Rating in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Mapsko
Builders Private Limited (MBPL) continues to be 'CRISIL B/Stable
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Term Loan              25       CRISIL B/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with MBPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MBPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MBPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MBPL continue to be 'CRISIL B/Stable Issuer Not Cooperating'.

Incorporated in January 2003, MBPL develops residential real estate
projects. It is a part of the Krishna Apra group that was set up in
1997 by Mr. Amrit Singla (director, Apra Builders Ltd).


MATHURA AGRO: CRISIL Keeps B- Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Mathura Agro
Industries (MAI) continue to be 'CRISIL B-/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            18        CRISIL B-/Stable (Issuer Not
                                    Cooperating)

   Long Term Loan          3.6      CRISIL B-/Stable (Issuer Not
                                    Cooperating)

   Proposed Long Term      5        CRISIL B-/Stable (Issuer Not
   Bank Loan Facility               Cooperating)

CRISIL Ratings has been consistently following up with MAI for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MAI, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MAI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MAI continues to be 'CRISIL B-/Stable Issuer Not Cooperating'.

MAI was incorporated by Mr. Venugopal Karwa and his wife, Mrs N V
Karwa in 2008. The firm processes products such as toor dal and
chana dal, and has its processing facility at Solapur, with
capacity of 125 and 150 tonnes per day for toor dal and chana dal,
respectively.


METCUT TOOLINGS: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Metcut
Toolings Private Limited (MTPL) continue to be 'CRISIL D/CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             3        CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit        0.6      CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term      9.45     CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

   Working Capital         2.9      CRISIL D (Issuer Not
   Term Loan                        Cooperating)

CRISIL Ratings has been consistently following up with MTPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of MTPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on MTPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
MTPL continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Incorporated in 1989, MTPL manufactures carbide cutting tools that
are primarily used in the automotive industry. The company is
promoted by Mr. Kushal J Shetty.

PAGODA STEELS: CRISIL Withdraws D Rating on INR12cr Cash Loan
-------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Pagoda Steels Private Limited (PSPL) on the request of the company
and receipt of a no objection certificate from its bank. The rating
action is in line with CRISIL Ratings' policy on withdrawal of its
ratings on bank loans.

                      Amount
   Facilities       (INR Crore)    Ratings
   ----------       -----------    -------
   Cash Credit           12        CRISIL D/Issuer Not
                                   Cooperating (ISSUER NOT
                                   COOPERATING; Rating Withdrawn)

   Proposed Long Term    0.59      CRISIL D/Issuer Not
   Bank Loan Facility              Cooperating (ISSUER NOT
                                   COOPERATING; Rating Withdrawn)

   Term Loan             2.41      CRISIL D/Issuer Not
                                   Cooperating (ISSUER NOT
                                   COOPERATING; Rating Withdrawn)

CRISIL Ratings has been consistently following up with PSPL for
obtaining information through letters and emails dated August 22,
2020 and February 16, 2021, among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of PSPL. This restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on PSPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the rating on bank facilities of
PSPL continues to be 'CRISIL D Issuer Not Cooperating'.

PSPL was established in 2005; in 2012, the Bhavnagar
(Gujarat)-based Patel family took over the company's operations.
PSPL is currently being managed by Mr. Jignesh R Patel. The company
manufactures TMT bars under its brand, Pagoda, at its facility in
Bhavnagar.


SANNIDHI FOODS: CRISIL Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Sree Sannidhi
Foods Private Limited (SSFPL) continue to be 'CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            1.5       CRISIL D (Issuer Not
                                    Cooperating)

   Proposed Long Term    17.45      CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

   Term Loan              5         CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with SSFPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SSFPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SSFPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SSFPL continue to be 'CRISIL D Issuer Not Cooperating'.

SSFPL, incorporated in 2010 in Chittoor, was taken over by the
current management comprising Mr. Shivam Goyal and Ms. Shavya Goyal
in January 2014. The company manufactures and exports processed
fruit products; it commenced full-fledged commercial operations
from June 2014.

SAVERA PIPES: CRISIL Keeps B+ Debt Rating in Not Cooperating
------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Savera Pipes
Private Limited (SPPL) continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Overdraft Facility     10        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with SPPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SPPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SPPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SPPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 1998 in Hyderabad and promoted by Mr. Vineet Giria
and his family, SPPL manufactures PVC pipes such as PVC duct hose
pipes, PVC suction hose pipes, PVC braided hose pipes, and UPVC
plumbing pipes. Products are used primarily in the construction and
agriculture segment. Plant has installed capacity of 6500 tonne per
year.


SENTHILANDAVAR COTTON: CRISIL Keeps B+ Rating in Not Cooperating
----------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Sri
Senthilandavar Cotton Mills Private Limited (SSCMPL) continues to
be 'CRISIL B+/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit           3.5        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with SSCMPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SSCMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
SSCMPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of SSCMPL continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

For arriving at its rating, CRISIL Ratings has combined the
business and financial risk profiles of SSCMPL, V R Spinning Mills
Pvt Ltd (VR), Shanmugappriya Textiles Pvt Ltd (STPL) and Sri
Sarvana Spintex (SSS). This because all the entities, collectively
referred to as the Shanmugappriya group, are under the same
management, and have significant business and financial linkages.

SSCMPL set up in 1996 by Mr. V Ramakrishnan, manufactures cotton
yarn in counts of 30s to 100s counts, depending on client
requirement. VR, set up in 2005 by Mr. Arun Karthik, manufactures
cotton yarn in counts of 30s to 100s depending on client
requirement. STPL, established in 1991 by Mr. V Ramakrishnan,
manufactures cotton yarn in counts of 30s to 100s. The group's
manufacturing unit is in Coimbatore, Tamil Nadu.


SWARN CARS: CRISIL Keeps B+ Debt Rating in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Swarn Cars
Private Limited continues to be 'CRISIL B+/Stable Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit             1        CRISIL B+/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with Swarn for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Swarn, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on Swarn
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
Swarn continue to be 'CRISIL B+/Stable Issuer Not Cooperating'.

Incorporated in 2005 and promoted by Mr. Manmohan Singh, Mr.
Ravinder Singh, and Mr. Satwant Singh, Swarn is a dealer of Ford
India Pvt Ltd's passenger cars. The company has one showroom and
two workshops in Kanpur (Uttar Pradesh).


SWASTIK ISPAT: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Swastik Ispat
Private Limited (SIPL) continue to be 'CRISIL D/CRISIL D Issuer Not
Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Funded Interest        0.5       CRISIL D (Issuer Not
   Term Loan                        Cooperating)

   Proposed Cash          8.5       CRISIL D (Issuer Not
   Credit Limit                     Cooperating)

   Proposed Letter        1         CRISIL D (Issuer Not
   of Credit                        Cooperating)

   Proposed Long Term     2         CRISIL D (Issuer Not
   Bank Loan Facility               Cooperating)

   Term Loan              1.5       CRISIL D (Issuer Not
                                    Cooperating)

   Working Capital        1.5       CRISIL D (Issuer Not
   Term Loan                        Cooperating)

CRISIL Ratings has been consistently following up with SIPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SIPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SIPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Orissa based SIPL, incorporated in 2003, manufactures sponge iron.
Mr. Rajesh Bagaria is the promoter.

TEJAS INTERNATIONAL: CRISIL Keeps B Rating in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the rating on bank facilities of Tejas
International Educational Institutions (TIEI) continues to be
'CRISIL B/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Term Loan               34       CRISIL B/Stable (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with TIEI for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TIEI, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TIEI
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
TIEI continue to be 'CRISIL B/Stable Issuer Not Cooperating'.

Tejas International Education institutions (TIEI) is a non-profit
company incorporated under the Section 25 of Indian Company's Act,
1956. Under the TIEI umbrella, the company is starting a school
with the name Vishal International Residential School. In this
school TIEI is planning to set up a CBSE syllabus school with
hostel facilities and other extracurricular activities. The school
will be set up in Bagalkot, Karnataka.


TILAK EXPORTS: CRISIL Keeps D Debt Ratings in Not Cooperating
-------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Tilak Exports
(TE) continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

                          Amount
   Facilities          (INR Crore)    Ratings
   ----------          -----------    -------
   Bill Discounting         3         CRISIL D (Issuer Not
                                      Cooperating)

   Letter of Credit         2         CRISIL D (Issuer Not
                                      Cooperating)

   Packing Credit           7         CRISIL D (Issuer Not
                                      Cooperating)

   Proposed Long Term       0.15      CRISIL D (Issuer Not
   Bank Loan Facility                 Cooperating)

   Term Loan                3.85      CRISIL D (Issuer Not
                                      Cooperating)

CRISIL Ratings has been consistently following up with TE for
obtaining information through letters and emails dated February 27,
2021 and August 23, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TE, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TE is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of TE
continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

TE was set up as a partnership firm by Ms Manju Farsaiya in 1988,
the firm manufactures and exports ladies' garments. The
manufacturing facility is located at Noida (Uttar Pradesh).


TROPICAL COATINGS: CRISIL Keeps D Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Tropical
Coatings International Private Limited (TCIPL) continue to be
'CRISIL D/CRISIL D Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Bank Guarantee          1        CRISIL D (Issuer Not
                                    Cooperating)

   Cash Credit             1.57     CRISIL D (Issuer Not
                                    Cooperating)

   Letter of Credit        0.36     CRISIL D (Issuer Not
                                    Cooperating)

   Term Loan               6.20     CRISIL D (Issuer Not
                                    Cooperating)

CRISIL Ratings has been consistently following up with TCIPL for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of TCIPL, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on TCIPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
TCIPL continue to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.

Established in 2012, TCIPL manufactures waterproofing membranes and
allied products at Vishakapatnam. Operations are managed by Mr.
Ravindranath.


UP KORAUN: Ind-Ra Keeps 'B-' Term Loan Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained UP Koraun Urja
Private Limited's rupee term loan rating in the non-cooperating
category. The issuer did not participate in the surveillance
exercise despite continuous requests and follow-ups by the agency.
Therefore, investors and other users are advised to take
appropriate caution while using the rating. The rating will
continue to appear as 'IND B- (ISSUER NOT COOPERATING)'/Negative on
the agency's website.

The detailed rating action is:

-- INR1.69 bil. Rupee term loan due on December 31, 2035  
     maintained in non-cooperating category with IND B- (ISSUER
     NOT COOPERATING)/ Negative rating.

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
August 27, 2019. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the rating.

COMPANY PROFILE

UP Koraun Urja was formed by Essel Green Energy Private Limited for
the development of a 40MW AC solar power project in Koraon Tehsil,
Prayagraj District, Uttar Pradesh.


UP MEHRAUNI II: Ind-Ra Keeps 'B-' Loan Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained UP Mehrauni II
Urja Private Limited's term loan in the non-cooperating category.
The Outlook is Negative. The issuer did not participate in the
surveillance exercise despite continuous requests and follow-ups by
the agency. Therefore, investors and other users are advised to
take appropriate caution while using the rating. The rating will
continue to appear as 'IND B- (ISSUER NOT COOPERATING)' on the
agency's website.

The detailed rating action is:

-- INR 1.79 bil. Term loan due on December 31, 2035 maintained in

     non-cooperating category with IND B- (ISSUER NOT
     COOPERATING)/ Negative rating.

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
August 27, 2019. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.

COMPANY PROFILE

UP Mehrauni II Urja was formed by Essel Green Energy Private
Limited for the development of a 40MW AC solar power project in the
Rijola village, Usawan Tehsil, Budaun District of Uttar Pradesh.


UP SARILA: Ind-Ra Keeps 'B-' Term Loan Rating in Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained UP Sarila Urja
Private Limited's rupee term loan in the non-cooperating category.
The issuer did not participate in the surveillance exercise despite
continuous requests and follow-ups by the agency. Therefore,
investors and other users are advised to take appropriate caution
while using the rating. The rating will continue to appear as 'IND
B- (ISSUER NOT COOPERATING)'/Negative on the agency's website.

The detailed rating action is:

-- INR2.0 bil. Project term loan due on December 31, 2035
     maintained in non-cooperating category with IND B- (ISSUER
     NOT COOPERATING)/Negative rating.

Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
August 27, 2019. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.

COMPANY PROFILE

UP Sarila Urja was formed by Essel Green Energy Private Limited for
the development of a 40MW AC solar power project in the Rijola
village, Usawan Tehsil, Budaun District of Uttar Pradesh.


V. S. TAPES: CRISIL Lowers Rating on INR5.25cr Cash Loan to B
-------------------------------------------------------------
CRISIL Ratings has revised the ratings on the bank facilities of V.
S. Tapes (VST) to 'CRISIL B/Stable Issuer Not Cooperating' from
'CRISIL BB/Stable Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Cash Credit            5.25      CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB/Stable ISSUER NOT
                                    COOPERATING)

  Term Loan               0.25      CRISIL B/Stable (ISSUER NOT
                                    COOPERATING; Revised from
                                    'CRISIL BB/Stable ISSUER NOT
                                    COOPERATING*)

CRISIL Ratings has been consistently following up with VST for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VST, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VST
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VST Revised to 'CRISIL B/Stable Issuer Not Cooperating' from
'CRISIL BB/Stable Issuer Not Cooperating'.

VST a partnership firm set up in 2006, manufactures elastic tapes.
The manufacturing unit is at Tirupur, Tamil Nadu. Mr.
Venkatachalapathy and Mr. Surendran are the partners.


VENKATESHWARA SHIKSHAN: CRISIL Keeps D Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Shree
Venkateshwara Shikshan Sanstha (SVSS) continue to be 'CRISIL D
Issuer Not Cooperating'.

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Term Loan             11.38      CRISIL D (Issuer Not    
                                    Cooperating)

   Term Loan              4         CRISIL D (Issuer Not    
                                    Cooperating)

CRISIL Ratings has been consistently following up with SVSS for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SVSS, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SVSS
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
SVSS continues to be 'CRISIL D Issuer Not Cooperating'.

Set up in 2000, SVSS operates multiple institutes offering courses
in engineering, and management, and education, among others. It
also operates an English medium school and two charitable schools.


VM CASHEWS: CRISIL Lowers Rating on INR25cr LT Loan to B
--------------------------------------------------------
CRISIL Ratings has revised the ratings on bank facilities of VM
Cashews (VMC) to 'CRISIL B/Stable Issuer Not Cooperating' from
'CRISIL BB-/Stable Issuer Not Cooperating'.

                          Amount
   Facilities          (INR Crore)    Ratings
   ----------          -----------    -------
   Proposed Long Term        25       CRISIL B/Stable (ISSUER NOT
   Bank Loan Facility                 COOPERATING; Revised from
                                      'CRISIL BB-/Stable ISSUER
                                      NOT COOPERATING')

CRISIL Ratings has been consistently following up with VMC for
obtaining information through letters and emails dated February 22,
2021 and August 13, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.

'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'

Detailed Rationale

Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VMC, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VMC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
VMC Revised to 'CRISIL B/Stable Issuer Not Cooperating' from
'CRISIL BB-/Stable Issuer Not Cooperating'.

VMC was set up in 2017 by the proprietor, Ms V Shanmugapriya. The
Panruti (Chennai)-based firm trades and processes raw cashew nuts.


VNR EXPORTS: CRISIL Lowers Long Term Rating on Bank Debts to D
--------------------------------------------------------------
CRISIL Ratings has downgraded its ratings on the bank facilities of
VNR Exports to 'CRISIL D/CRISIL D' from 'CRISIL BB/Negative/CRISIL
A4+' based on banker feedback. The downgrade reflects delays in
debt servicing by VNR

                        Amount
   Facilities        (INR Crore)    Ratings
   ----------        -----------    -------
   Long Term Rating        -        CRISIL D (Downgraded from
                                    'CRISIL BB/Negative')

   Short Term Rating       -        CRISIL D (Downgraded from
                                    'CRISIL A4+')

VNR has a weak financial risk profile and susceptibility to
volatility in diamond prices & forex rates and exposure to intense
competition. These weaknesses are offset by the extensive
experience of its partners

Analytical Approach

Unsecured loan extended to VNR by the partners (Rs 3.33 crore as of
March 31, 2020) has been treated as neither debt nor equity as the
loan is likely to remain in the business over the medium term.

Key Rating Drivers & Detailed Description

Weaknesses:

* Delay in servicing of debt: CWSPL has delayed servicing its
interest obligation due to a stretched liquidity, which resulted
from weak cash flow.

* Susceptibility to volatility in diamond prices & forex rates and
exposure to intense competition: Import of raw materials provides a
natural hedge to foreign exchange exposure arising from export.
However, the substantial time gap between import of rough diamonds
and realization of payments renders the firm vulnerable to
fluctuations in forex rates and volatility in diamond prices.
Intense competition continues to constrain scalability, and
therefore, bargaining power with customers and suppliers.

Strength:

* Extensive experience of the partners: The partners' experience of
over three decades and their deep insight into consumers' buying
patterns, ability to identify evolving trends, and healthy
relationships with customers in India, the US, Hong Kong, Belgium
and the UAE should continue to support the business risk profile.
Over the years, the partners have developed a supplier base in
major centers such as Belgium and Dubai.

Liquidity: Poor

Liquidity is likely to remain under pressure over the medium term.
Fund-based limit of INR24 crore was almost fully utilized in the 12
months through August 2020

Rating Sensitivity factors

Upward factor

* Timely repayment of debt obligations for 90 days
* Improvement in working capital cycle and liquidity profile

Established as a partnership firm in 2004, VNR processes rough
diamonds into polished diamonds. Mr. Vinu K Kakadiya, Mr. Pravin B
Alagiya, Mr. Ramesh M Asodariya, Mr. Kalpesh Kakadiya and Mr.
Mahendra Kakadiya are partners in the firm. Its processing unit is
in Surat, Gujarat.


VODAFONE IDEA: Confident of Funding Deal After Gov't. Package Boost
-------------------------------------------------------------------
Reuters reports that Vodafone Idea is confident it can reach a
fundraising deal with potential investors, bolstered by a federal
government package that provides much-needed relief to the
debt-ridden mobile carrier, its chief executive officer said on
Sept. 22.

Vodafone Idea, a combination of the India unit of Britain's
Vodafone Group and Idea Cellular, has a net debt of INR1.91
trillion ($25.86 billion), including government dues of INR1.68
trillion, Reuters discloses.

According to Reuters, Prime Minister Narendra Modi's government in
mid-September approved a relief package for the country's
cash-strapped telecoms sector, including a four-year moratorium on
airwaves fees due to the state.

Reuters relates that CEO of Vodafone Idea Ravinder Takkar said
investors had been waiting to see whether New Delhi would ensure
that at least three players exist in the telecoms sector and also
wanted the funding to be used for business rather than paying
government dues.

"With this package all of those fears to some extent have been put
aside," Reuters quotes Takkar as saying in a video interview,
without specifying the names of investors the company was in talks
with or a timeline for the fundraising.

Local media reported earlier this year that Vodafone Idea was in
talks with investment manager Apollo Global Management to raise up
to $3 billion, Reuters recalls.

On Sept. 22, Takkar declined to confirm the talks, saying it was
"just speculation".

"With this tremendous change (govt package) our business plans will
have to be updated, which means our funding requirements will also
have to be updated," he said.

India's telecoms sector ran into trouble in late 2016 with the
entry of tycoon billionaire Mukesh Ambani's Reliance Jio, which
sparked a price war that forced some rivals out of the market and
turned profits into losses, Reuters notes.

A Supreme Court ruling in late 2019 also added to the sector's
pain, saddling telecoms companies with dues of roughly $13
billion.

Reuters notes that the government's latest measures are expected to
ease some of that pain, boost the growth of telecoms firms in the
world's second-biggest wireless market by number of users, and give
a fresh lease of life to Vodafone Idea.

"There should be no doubt that . . . Vodafone Idea will exist, we
will compete, we will survive, we will thrive," said Takkar,
Reuters relates.

Vodafone Idea Limited operates as a telecom service provider. The
Company offers 2G, 3G, and 4G mobile services, as well as mobile
payments, advanced enterprise offerings, and entertainment.
Vodafone Idea serves customers in India.




===============
M A L A Y S I A
===============

MALAYSIA: 1,246 Firms Forced to Wind Down During Pandemic, PM says
------------------------------------------------------------------
theedgemarkets.com reports that Malaysia saw 1,246 companies forced
to wind down while 10,317 individuals registered for bankruptcy
throughout the Covid-19 pandemic from March 2020 to July 2021,
Prime Minister Datuk Seri Ismail Sabri Yaacob said.

Of the forced winding down incidents, some 497 cases or 39.89% were
companies registered in the federal territories, followed by
Selangor with 273 cases or 21.91%, theedgemarkets.com discloses.

Other states included Johor (90), Penang (63), Perak (53) and Sabah
(52), Ismail Sabri said in his written reply to a question by
Kepong Member of Parliament Lim Lip Eng in the Dewan Rakyat on
Sept. 27.

theedgemarkets.com says the winding down incidents peaked in
November 2020 with 144 cases, before coming down and rebounded
again in May 2021 with 134 cases.

On bankruptcies, Selangor topped the list with 2,555 cases or
24.76%, followed by the federal territories with 1,288 cases or
12.48%.

Other states leading the list were Johor (792), Perak (628), Sabah
(623), Penang (488), Negeri Sembilan (481) Kedah (477) and Kelantan
(419), according to the report.

In the period, the month with the highest bankruptcy incidents
recorded was September 2020 with 1,222 cases, followed by April
2021 with 1,090 cases.

"Based on the input from the Ministry of Finance (MoF), the
government does not provide specific assistance for business owners
who have terminated their businesses.

"On the other hand, the government undertakes the approach of
providing assistance and incentives to support business
continuity," theedgemarkets.com quotes Ismail Sabri as saying.

For businesses, this includes the Prihatin Special Grant for micro,
small and medium enterprises (MSMEs), Wage Subsidy Programme to
support employment as well as Human Resources Development Fund
(HRDF) levy exemption and bank loan moratorium to support business
cash flow, as well as micro credit schemes, theedgemarkets.com
notes.

For individuals, the government also provides job search
allowances, income loss assistance, reskilling and upskilling
programmes, cash assistance through Bantuan Prihatin Nasional and
Bantuan Prihatin Rakyat, the loan moratorium, Employees Provident
Fund (EPF) pension fund withdrawals and Covid-19 special aid, the
prime minister, as cited by theedgemarkets.com, added.



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

GEO ENERGY: Fitch Raises LT IDR to 'CCC+'
-----------------------------------------
Fitch Ratings has upgraded Geo Energy Resources Limited's Long-Term
Issuer Default Rating to 'CCC+' from 'CCC'. The agency has also
upgraded the rating on the outstanding senior unsecured guaranteed
notes of Geo's subsidiary, Geo Coal International Pte. Ltd., to
'CCC+' from 'CCC' with a Recovery Rating of 'RR4'. The notes are
guaranteed unconditionally and irrevocably by Geo.

The upgrade follows Geo's materially improved liquidity profile on
record high coal prices. Geo intends to fully repay the remaining
USD59 million of its senior notes by 10 October 2021 using its
reported cash balance of USD120 million as of September 2021,
leaving it close to debt free. Fitch expects Geo's EBITDA to rise
to over USD200 million in 2021 from USD40 million in 2019 and the
company to continue accumulating cash for a balance of around
USD100 million by end-2021 due to strong coal prices.

The rating is constrained by Geo's operating profile, characterised
by limited and declining coal reserves and uncertainty over its
acquisition and diversification strategy, which will be key to its
medium-to-long term business continuity.

Fitch believes Geo will continue seeking investments, including in
non-coal sectors, following its financial capacity improvement.
Fitch may upgrade Geo's ratings further if it is able to improve
its operational profile materially, which would be dependent on
acquisitions. An upgrade would also be contingent on Geo
maintaining adequate internal liquidity and obtaining external
funding, as Fitch thinks its fund-raising ability is now
compromised.s

KEY RATING DRIVERS

Coal Prices Underpin Improvement: Fitch expects the Indonesian
4,200kcal coal price to average USD55/tonne in 2021 from
USD29/tonne in 2020, underpinning Geo's earnings improvement. The
company's selling prices are closely linked to the Indonesian
4,200kcal coal price index. Fitch, however, expects Geo's EBITDA to
drop to USD130 million in 2022 and gradually fall to USD40 million
by 2024, in line with Fitch's expectations of easing coal prices
(See Fitch Ratings Raises Thermal Coal Price Assumptions on Tight
Supply, dated 7 September 2021).

Declining Reserves; Limited Scale: Geo's operating profile reflects
its small scale relative to peers, with production of about 10-11
million tonnes (mt) of coal per annum, and limited reserves. Geo's
operating reserves comprised 22.2mt at its PT Sungai Danau Jaya
(SDJ) mine and 61.8mt at PT Tanah Bumbu Resources (TBR) at
end-December 2020, translating to mine life of around seven years,
which will continue to decline due to the absence of options for
organic reserve replacements.

Geo has demonstrated some cost flexibility during price downturns,
but Fitch thinks its ability to curtail costs is weaker than that
of its higher-rated Indonesian peers due to its limited reserves.
Geo has two other mines, but one is in the exploratory phase and
the other has a weak cost position, making mining operations
unviable.

Investment Record: The company raised USD300 million from senior
notes in 2017 to invest in a coal asset, but has not been able to
make any sizeable investments. Geo has also made provisions for
USD13.8 million in receivables, which were part of an attempted
acquisition of two south Sumatran coal mines. GEO also faces
litigation from the minority shareholders of these assets,
amounting to about USD35 million.

Fitch believes potential investments will be key towards its
medium-to-long-term business sustainability in light of its
declining reserves. Its investment record and the uncertainty over
its plans remain key constraints for the rating.

Compromised Fund-Raising Ability: Fitch thinks Geo may have to rely
on its internal liquidity, with no support from external liquidity.
It sought a consent solicitation to change the protective covenants
of its US dollar notes and made a tender offer of USD400-430 for
each USD1,000 of the notes. The distressed debt exchange failed,
but GEO bought back about USD240 million of the notes at steep
discounts via the secondary market.

DERIVATION SUMMARY

Geo's Indonesian coal-mining peer, PT Golden Energy Mines Tbk
(GEMS; B+/Stable), has a stronger credit profile, with a larger
reserve base, longer reserve life and comfortable liquidity
profile, which justifies rating Geo multiple notches below GEMS.

The ratings of PT Agung Podomoro Land Tbk (APLN; CCC), an
Indonesian property developer, reflect its weak liquidity that
undermines its ability to service debt beyond the next six months.
The company's plan for bulk land sales to boost liquidity faces
significant execution risks, in Fitch's opinion. GEO's ratings are
higher as it does not face liquidity risks.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

-- Coal prices in line with Fitch's mid-cycle commodity-price
    assumptions, adjusted for the difference in calorific value
    (average Newcastle 6,000 kcal free on board or FOB/tonne:
    USD115 in 2021, USD87 in 2022, USD72 in 2023 and USD66 in
    2024);

-- Annual total coal production from SDJ and TBR mines of 10mt to
    11mt over the medium term;

-- No acquisitions and modest capex over the medium term;

-- Dividend payout of 30% of net profit;

-- Strip ratio to remain at around 3.1x to 3.2x (2020: 2.4x) and
    production cost at around USD27.0/tonne to USD29/tonne over
    2021-2023.

KEY RECOVERY RATING ASSUMPTIONS

Recovery analysis for Geo is on a going-concern basis in the case
of a bankruptcy and assumes that the company would be reorganised
and not liquidated. Fitch has assumed a 10% discount to enterprise
value to account for bankruptcy-related administrative claims.

-- The going-concern EBITDA estimate of around USD44.5 million
    reflects Fitch's view of a sustainable, post-reorganisation
    EBITDA upon which Fitch bases the enterprise valuation. The
    going- concern EBITDA is 5% below the mid-cycle EBITDA, based
    on Fitch's long-term average thermal coal-price expectation.

-- An enterprise value multiple of 3.5x EBITDA is applied to the
    going-concern EBITDA to calculate a post-reorganisation
    enterprise value.

-- The waterfall results in a recovery of 100% for the US dollar
    noteholders, or a Recovery Rating of 'RR1', but a soft cap of
    'RR4' is applied as the assets are located in Indonesia, which
    is a group D country.

RATING SENSITIVITIES

Factor that could, individually or collectively, lead to positive
rating action/upgrade:

-- Fitch may consider upgrading GEO's ratings further if it able
    to materially improve its operational profile, which would be
    contingent upon acquisitions. An upgrade would also depend on
    GEO maintaining adequate internal liquidity and obtaining
    access to external funding channels.

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- Adverse changes to GEO's operations that result in a material
    deterioration of its internal liquidity and/or business
    disruption; or

-- Any potential acquisitions that could materially weaken GEO's
    business and financial profile.

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

Net Cash Position: GEO's near-term liquidity will benefit from its
net cash position. The company will have insignificant debt
outstanding after its proposed repayment of the USD59 million of
senior notes in October 2021. Fitch estimates Geo will report net
cash of around USD100 million by end-2021.

ISSUER PROFILE

Singapore-based Geo holds thermal coal-mining assets in Indonesia.
It produces 10 mt to 11mt of coal per annum.

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.

MEMSTAR TECHNOLOGY: Creditors' Proofs of Debt Due on Oct. 27
------------------------------------------------------------
Creditors of Memstar Technology Ltd Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Oct. 27,
2021, to be included in the company's dividend distribution.

The company commenced wind-up proceedings on Sept. 21, 2021.

The company's liquidators are:

         Bernard Juay
         Shirley Lim
         c/o Complete Corporate Services Pte Ltd
         10 Anson Road
         #29-07 International Plaza
         Singapore 079903




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

[*] BOND PRICING: For the Week Sept. 20, 2021 to Sept. 24, 2021
---------------------------------------------------------------
Issuer                   Coupon     Maturity    Currency    Price
------                   ------     --------    --------    -----


  AUSTRALIA
  ---------

ACN 113 874 712 PTY LT     13.25      02/15/18     USD       0.15
ACN 113 874 712 PTY LT     13.25      02/15/18     USD       0.15
CLEAN SEAS SEAFOOD LTD      8.00      11/18/22     AUD       1.01
CLIME CAPITAL LTD/FUND      6.25      11/30/21     AUD       0.97
GLENNON SMALL COS LTD       5.60      09/30/30     AUD      10.50
VIRGIN AUSTRALIA HOLDI      8.08      03/05/24     AUD       7.11
VIRGIN AUSTRALIA HOLDI      8.25      05/30/23     AUD       7.56
VIRGIN AUSTRALIA HOLDI      8.00      11/26/24     AUD       8.22
VIRGIN AUSTRALIA HOLDI      8.13      11/15/24     USD       8.97
VIRGIN AUSTRALIA HOLDI      7.88      10/15/21     USD       9.06
VIRGIN AUSTRALIA HOLDI      7.88      10/15/21     USD       9.11
VIRGIN AUSTRALIA HOLDI      8.13      11/15/24     USD       9.25


   CHINA
   -----

AKESU DISTRICT GREEN I      4.09      03/11/23     CNY      39.53
AKESU DISTRICT GREEN I      4.09      03/11/23     CNY      40.06
AKESU TEXTILE CITY DEV      7.50      06/21/24     CNY      61.28
AKESU TEXTILE CITY DEV      7.50      06/21/24     CNY      62.31
AKESU XINCHENG ASSET I      6.40      04/20/22     CNY      20.22
AKESU XINCHENG ASSET I      6.40      04/20/22     CNY      20.24
ALTAY PREFECTURE STATE      4.85      01/22/23     CNY      36.00
ALTAY PREFECTURE STATE      4.85      01/22/23     CNY      39.62
AN SHUN YU KUN REAL ES      5.48      11/10/21     CNY      37.90
ANHUI HUAAN FOREIGN EC      7.30      07/13/21     CNY      70.01
ANHUI JIANGNAN INDUSTR      4.76      07/08/23     CNY      39.45
ANHUI JIANGNAN INDUSTR      4.76      07/08/23     CNY      40.01
ANJI NORTHWEST DEVELOP      5.90      07/18/23     CNY      59.98
ANJI NORTHWEST DEVELOP      5.90      07/18/23     CNY      60.31
ANLU CONSTRUCTION DEVE      5.45      06/15/23     CNY      39.74
ANLU CONSTRUCTION DEVE      5.45      06/15/23     CNY      40.03
ANQING ECONOMIC&TECHNO      4.09      03/09/23     CNY      39.42
ANQING ECONOMIC&TECHNO      4.09      03/09/23     CNY      40.18
ANQING URBAN CONSTRUCT      6.01      04/27/22     CNY      20.00
ANQING URBAN CONSTRUCT      6.01      04/27/22     CNY      20.46
ANSHUN CITY CONSTRUCTI      7.30      09/15/24     CNY      70.59
ANSHUN STATE-RUN ASSET      4.48      07/18/23     CNY      55.50
ANSHUN STATE-RUN ASSET      4.48      07/18/23     CNY      57.15
ANSHUN XIXIU CITY INVE      4.70      11/22/23     CNY      54.04
ANSHUN XIXIU CITY INVE      4.70      11/22/23     CNY      59.46
BAOJI INVESTMENT GROUP      5.05      04/18/24     CNY      60.97
BAOTOU CITY SCIENCE ED      6.48      03/25/22     CNY      18.38
BAOYING CITY CONSTRUCT      4.50      03/24/23     CNY      39.59
BAOYING CITY CONSTRUCT      4.50      03/24/23     CNY      40.37
BAYAN ZHUOER HETAO WAT      8.54      03/31/22     CNY      14.71
BAZHONG STATE-OWNED AS      5.13      12/02/22     CNY      39.02
BAZHONG STATE-OWNED AS      5.13      12/02/22     CNY      40.00
BAZHOU GUOHUI CONSTRUC      6.08      06/19/24     CNY      61.09
BAZHOU GUOHUI CONSTRUC      6.08      06/19/24     CNY      61.28
BEIJING FUTURE SCIENCE      4.20      08/13/22     CNY      39.97
BEIJING FUTURE SCIENCE      4.20      08/13/22     CNY      40.20
BEIJING SHIJINGSHAN ST      6.08      08/18/21     CNY      20.07
BEIJING SHIJINGSHAN ST      6.08      08/18/21     CNY      23.87
BEIPIAO CITY CONSTRUCT      6.70      03/25/23     CNY      40.67
BEIPIAO CITY CONSTRUCT      6.70      03/25/23     CNY      40.70
BENGBU URBAN INVESTMEN      5.80      04/13/24     CNY      62.08
BENGBU URBAN INVESTMEN      5.80      04/13/24     CNY      62.12
BIJIE CONSTRUCTION INV      6.50      01/28/22     CNY      19.70
BIJIE CONSTRUCTION INV      6.50      01/28/22     CNY      20.06
BIJIE CONSTRUCTION INV      5.78      07/06/24     CNY      60.42
BIJIE CONSTRUCTION INV      5.78      07/06/24     CNY      60.79
BIJIE DEXI CONSTRUCTIO      5.10      12/05/23     CNY      54.79
BIJIE DEXI CONSTRUCTIO      4.60      11/17/23     CNY      56.98
BIJIE DEXI CONSTRUCTIO      4.60      11/17/23     CNY      59.38
BIJIE DEXI CONSTRUCTIO      5.10      12/05/23     CNY      59.76
BINZHOU ZHANHUA DISTRI      4.93      11/29/23     CNY      58.58
BINZHOU ZHANHUA DISTRI      4.93      11/29/23     CNY      58.71
BINZHOU ZHONGHAI VENTU      6.65      04/13/22     CNY      20.00
BINZHOU ZHONGHAI VENTU      6.65      04/13/22     CNY      20.16
BOHAI LEASING CO LTD        7.00      09/10/21     CNY      46.00
BORALA MONGOL AUTONOMO      5.77      08/26/22     CNY      38.30
BORALA MONGOL AUTONOMO      5.77      08/26/22     CNY      40.31
BOZHOU URBAN CONSTRUCT      4.78      04/14/23     CNY      40.18
BOZHOU URBAN CONSTRUCT      4.78      04/14/23     CNY      40.51
BOZHOU YIJU REAL ESTAT      4.82      10/27/21     CNY      49.89
BOZHOU YIJU REAL ESTAT      4.82      10/27/21     CNY      49.93
BRILLIANCE AUTO GROUP       5.80      03/20/24     CNY      54.80
BRILLIANCE AUTO GROUP       5.40      09/14/23     CNY      55.80
BRILLIANCE AUTO GROUP       6.30      09/14/23     CNY      56.93
BRILLIANCE AUTO GROUP       5.80      11/05/23     CNY      59.80
BRILLIANCE AUTO GROUP       5.80      06/17/24     CNY      60.78
BRILLIANCE AUTO GROUP       5.30      10/23/20     CNY      68.50
BRILLIANCE AUTO GROUP       6.50      01/22/22     CNY      68.50
BRILLIANCE AUTO GROUP       6.50      03/13/22     CNY      68.50
BRILLIANCE AUTO GROUP       6.50      04/18/22     CNY      68.50
BRILLIANCE AUTO GROUP       6.50      06/03/22     CNY      68.50
BRILLIANCE AUTO GROUP       6.30      09/14/23     CNY      68.50
BRILLIANCE AUTO GROUP       5.80      11/05/23     CNY      68.50
CANGNAN COUNTY STATE O      5.58      11/11/22     CNY      40.20
CANGNAN COUNTY STATE O      5.58      11/11/22     CNY      40.51
CEFC SHANGHAI INTERNAT      4.08      09/09/21     CNY      60.00
CEFC SHANGHAI INTERNAT      4.98      12/10/20     CNY      61.29
CHANG DE DING LI INDUS      4.30      03/10/23     CNY      40.08
CHANG DE DING LI INDUS      4.30      03/10/23     CNY      40.11
CHANGCHUN MODERN AGRIC      7.00      07/25/21     CNY      19.50
CHANGCHUN MODERN AGRIC      7.00      07/25/21     CNY      20.00
CHANGDE DE YUAN SHANTY      5.33      09/13/23     CNY      68.23
CHANGDE URBAN CONSTRUC      3.59      01/12/23     CNY      39.91
CHANGDE URBAN CONSTRUC      3.59      01/12/23     CNY      40.00
CHANGGE JINCAI PUBLIC       7.10      04/19/24     CNY      59.02
CHANGGE JINCAI PUBLIC       7.10      04/19/24     CNY      61.89
CHANGJI URBAN CONSTRUC      4.24      11/18/23     CNY      57.18
CHANGJI URBAN CONSTRUC      4.24      11/18/23     CNY      59.66
CHANGLE COUNTY NEWTOWN      5.18      12/16/22     CNY      37.00
CHANGLE COUNTY NEWTOWN      5.18      12/16/22     CNY      40.00
CHANGSHA COUNTY XINGCH      7.90      03/25/22     CNY      25.62
CHANGSHA COUNTY XINGCH      7.90      03/25/22     CNY      25.62
CHANGSHA ECONOMIC & TE      8.45      04/13/22     CNY      15.37
CHANGSHA ECONOMIC & TE      4.78      03/03/24     CNY      60.62
CHANGSHA ECONOMIC & TE      4.78      03/03/24     CNY      61.26
CHANGSHA FURONG CITY D      3.88      01/26/23     CNY      40.27
CHANGSHA FURONG CITY D      3.88      01/26/23     CNY      40.67
CHANGSHA METRO GROUP C      6.20      04/23/23     CNY      31.02
CHANGSHA METRO GROUP C      5.97      04/03/25     CNY      63.11
CHANGSHA METRO GROUP C      5.97      04/03/25     CNY      63.15
CHANGSHA METRO GROUP C      5.40      07/14/25     CNY      70.00
CHANGSHA METRO GROUP C      4.10      12/21/25     CNY      70.86
CHANGSHA METRO GROUP C      4.10      12/21/25     CNY      70.92
CHANGSHA METRO GROUP C      5.40      07/14/25     CNY      72.79
CHANGSHA TIANXIN CITY       4.20      11/06/22     CNY      40.00
CHANGSHA TIANXIN CITY       4.20      11/06/22     CNY      40.05
CHANGSHA TIANXIN CITY       3.43      08/08/23     CNY      59.13
CHANGSHA TIANXIN CITY       3.43      08/08/23     CNY      59.83
CHANGSHA YUHUA JINGKAI      4.17      09/06/23     CNY      59.45
CHANGSHA YUHUA JINGKAI      4.17      09/06/23     CNY      59.71
CHANGSHA YUHUA URBAN C      3.80      01/28/23     CNY      39.98
CHANGSHA YUHUA URBAN C      3.80      01/28/23     CNY      40.11
CHANGSHU BINJIANG URBA      6.39      09/11/21     CNY      20.00
CHANGSHU BINJIANG URBA      6.39      09/11/21     CNY      20.08
CHANGSHU DONGNAN ASSET      6.53      03/26/22     CNY      20.32
CHANGSHU DONGNAN ASSET      6.53      03/26/22     CNY      27.32
CHANGXING URBAN CONSTR      6.00      12/03/21     CNY      19.00
CHANGXING URBAN CONSTR      6.00      12/03/21     CNY      20.21
CHANGZHOU TIANNING CON      6.48      02/12/22     CNY      20.00
CHANGZHOU TIANNING CON      6.48      02/12/22     CNY      20.24
CHANGZHOU XINGANG ECON      3.42      10/20/23     CNY      59.12
CHANGZHOU XINGANG ECON      3.42      10/20/23     CNY      59.83
CHANGZHOU ZHONGLOU ECO      3.64      10/26/23     CNY      59.66
CHANGZHOU ZHONGLOU ECO      3.64      10/26/23     CNY      59.96
CHAOHU URBAN TOWN CONS      6.50      04/30/22     CNY      20.53
CHAOHU URBAN TOWN CONS      6.50      04/30/22     CNY      21.95
CHENGDU GARDEN WATER C      6.15      05/03/23     CNY      39.83
CHENGDU GARDEN WATER C      6.15      05/03/23     CNY      40.38
CHENGDU PIDU DISTRICT       6.95      04/01/22     CNY      20.33
CHENGDU PIDU DISTRICT       6.95      04/01/22     CNY      28.83
CHENGDU SHUZHOU CITY C      6.58      05/26/22     CNY      20.05
CHENGDU SHUZHOU CITY C      6.58      05/26/22     CNY      20.50
CHENGDU XINGCHENGJIAN       6.00      03/20/22     CNY      20.00
CHENGDU XINGCHENGJIAN       6.00      03/20/22     CNY      20.39
CHENGDU XINGJIN ECOLOG      3.65      10/13/23     CNY      58.87
CHENGDU XINGJIN ECOLOG      3.65      10/13/23     CNY      59.96
CHENGDU XINJIN COUNTY       6.40      07/05/24     CNY      58.61
CHENGDU XINJIN COUNTY       6.40      07/05/24     CNY      61.17
CHENGDU XINKAIYUAN URB      7.43      08/12/21     CNY      20.06
CHENGDU XINKAIYUAN URB      7.43      08/12/21     CNY      21.00
CHENGDU XINKAIYUAN URB      5.29      04/27/23     CNY      39.25
CHENGDU XINKAIYUAN URB      5.29      04/27/23     CNY      39.99
CHENZHOU BAIFU INVESTM      6.54      08/28/21     CNY      19.90
CHENZHOU BAIFU INVESTM      6.54      08/28/21     CNY      20.00
CHENZHOU BAIFU INVESTM      4.96      03/22/26     CNY      61.03
CHENZHOU BAIFU INVESTM      4.96      03/22/26     CNY      61.46
CHENZHOU FUCHENG HIGH       4.73      01/22/23     CNY      40.03
CHENZHOU FUCHENG HIGH       4.73      01/22/23     CNY      40.22
CHENZHOU INDUSTRY INVE      6.45      01/23/22     CNY      20.05
CHENZHOU INDUSTRY INVE      6.45      01/23/22     CNY      28.60
CHENZHOU WENLV INDUSTR      5.34      11/28/23     CNY      58.40
CHENZHOU XINTIAN INVES      5.38      03/08/26     CNY      62.40
CHENZHOU XINTIAN INVES      5.38      03/08/26     CNY      65.47
CHIBI LANTIAN URBAN CO      4.38      08/10/23     CNY      59.41
CHIBI LANTIAN URBAN CO      4.38      08/10/23     CNY      59.94
CHINA FORTUNE LAND DEV      7.40      03/24/21     CNY      25.13
CHINA FORTUNE LAND DEV      7.20      04/18/21     CNY      25.13
CHINA FORTUNE LAND DEV      5.60      09/10/21     CNY      25.13
CHINA FORTUNE LAND DEV      5.80      05/23/22     CNY      25.13
CHINA FORTUNE LAND DEV      5.00      05/30/22     CNY      68.15
CHINA HUARONG ASSET MA      4.05      11/14/24     CNY      73.10
CHINA OCEANWIDE HOLDIN      8.90      12/13/21     CNY      48.00
CHINA OCEANWIDE HOLDIN      8.60      09/21/21     CNY      64.50
CHINA SECURITY CO LTD       4.45      11/11/19     CNY      31.00
CHINA YIXING ENVIRONME      4.08      09/14/23     CNY      59.98
CHINA YIXING ENVIRONME      4.08      09/14/23     CNY      60.04
CHONGQIN BAIYAN INVEST      5.75      05/03/23     CNY      39.98
CHONGQIN BAIYAN INVEST      5.75      05/03/23     CNY      40.20
CHONGQIN XINLIANG INVE      4.76      08/26/23     CNY      37.67
CHONGQIN XINLIANG INVE      4.76      08/26/23     CNY      38.83
CHONGQING BANAN ECONOM      6.17      03/13/22     CNY      19.90
CHONGQING BANAN ECONOM      7.00      08/20/21     CNY      20.00
CHONGQING BANAN ECONOM      7.00      08/20/21     CNY      20.04
CHONGQING BANAN ECONOM      6.17      03/13/22     CNY      20.19
CHONGQING BAYUAN CONST      4.99      08/16/23     CNY      59.55
CHONGQING BISHAN DISTR      4.93      03/29/23     CNY      40.11
CHONGQING BISHAN DISTR      4.93      03/29/23     CNY      40.34
CHONGQING CHANGSHOU EC      7.20      07/15/21     CNY      20.00
CHONGQING CHANGSHOU EC      7.20      07/15/21     CNY      20.17
CHONGQING DAZU INDUSTR      6.30      04/28/22     CNY      20.00
CHONGQING DAZU INDUSTR      6.30      04/28/22     CNY      20.13
CHONGQING ECO&TECH DEV      3.95      04/13/23     CNY      39.90
CHONGQING ECO&TECH DEV      3.95      04/13/23     CNY      39.94
CHONGQING FULING TRAFF      6.68      02/03/22     CNY      20.00
CHONGQING FULING TRAFF      6.68      02/03/22     CNY      20.23
CHONGQING HECHUAN CITY      3.95      09/06/23     CNY      59.63
CHONGQING HECHUAN CITY      3.95      09/06/23     CNY      59.64
CHONGQING JIANGBEIZUI       6.50      07/21/21     CNY      20.04
CHONGQING JIN TONG IND      4.44      11/16/23     CNY      56.36
CHONGQING JIN TONG IND      4.44      11/16/23     CNY      59.06
CHONGQING JINYUN ASSET      4.50      12/31/22     CNY      40.09
CHONGQING JINYUN ASSET      4.50      12/31/22     CNY      40.15
CHONGQING JIULONG HI-T      6.60      08/19/21     CNY      20.06
CHONGQING JIULONG HI-T      6.60      08/19/21     CNY      20.26
CHONGQING KAIQIAN INVE      4.64      03/21/23     CNY      38.19
CHONGQING KAIQIAN INVE      4.64      03/21/23     CNY      39.66
CHONGQING LAND PROPERT      3.36      03/21/23     CNY      40.05
CHONGQING LAND PROPERT      3.36      03/21/23     CNY      40.10
CHONGQING LIANGJIANG N      5.88      09/16/21     CNY      20.09
CHONGQING LIANGJIANG N      3.10      08/05/21     CNY      40.00
CHONGQING LIANGJIANG N      3.10      08/05/21     CNY      40.00
CHONGQING MAIRUI URBAN      4.95      04/21/23     CNY      40.19
CHONGQING MAIRUI URBAN      4.95      04/21/23     CNY      40.21
CHONGQING NANCHUAN CIT      4.20      07/11/23     CNY      39.73
CHONGQING NANCHUAN CIT      4.20      07/11/23     CNY      39.74
CHONGQING QIJIANG EAST      4.00      09/05/23     CNY      58.28
CHONGQING QIJIANG EAST      4.00      09/05/23     CNY      59.11
CHONGQING SHUANGQIAO E      5.99      11/19/21     CNY      20.10
CHONGQING SHUANGQIAO E      5.99      11/19/21     CNY      26.25
CHONGQING TONGLIANG JI      6.59      04/08/22     CNY      20.00
CHONGQING TONGLIANG JI      6.59      04/08/22     CNY      20.26
CHONGQING TONGNAN DIST      4.99      12/31/22     CNY      39.51
CHONGQING TONGNAN DIST      4.99      12/31/22     CNY      40.00
CHONGQING WANSHENG ECO      6.95      08/25/21     CNY      20.03
CHONGQING WANSHENG ECO      6.95      08/25/21     CNY      25.00
CHONGQING WANSHENG ECO      5.40      11/18/21     CNY      39.91
CHONGQING WANZHOU SANX      4.95      08/25/22     CNY      40.24
CHONGQING WANZHOU SANX      4.95      08/25/22     CNY      40.80
CHONGQING WULONG DISTR      6.80      09/21/24     CNY      75.00
CHONGQING XINGRONG HOL      4.86      03/31/23     CNY      38.50
CHONGQING XINGRONG HOL      4.86      03/31/23     CNY      39.61
CHONGQING XIYONG MICRO      6.58      07/25/21     CNY      20.02
CHONGQING XIYONG MICRO      6.58      07/25/21     CNY      22.33
CHONGQING YUELAI INVES      6.09      04/29/22     CNY      20.00
CHONGQING YUELAI INVES      6.09      04/29/22     CNY      20.36
CHUN'AN XINANJIANG DEV      6.10      03/11/22     CNY      20.24
CHUN'AN XINANJIANG DEV      6.10      03/11/22     CNY      24.55
CHUN'AN XINANJIANG DEV      3.84      11/04/23     CNY      58.92
CHUN'AN XINANJIANG DEV      3.84      11/04/23     CNY      59.13
CHUZHOU CITY INVESTMEN      6.40      08/22/21     CNY      20.01
CHUZHOU CITY INVESTMEN      6.40      08/22/21     CNY      20.07
CHUZHOU CITY INVESTMEN      6.30      11/30/21     CNY      30.37
CHUZHOU CITY INVESTMEN      6.30      11/30/21     CNY      30.40
CITIC GUOAN GROUP CORP      4.90      11/06/19     CNY      18.25
CITIC GUOAN GROUP CORP      5.80      12/15/19     CNY      18.25
CITIC GUOAN GROUP CORP      4.23      12/15/20     CNY      18.25
CITIC GUOAN GROUP CORP      4.49      03/08/21     CNY      18.25
CIXI CITY CONSTRUCTION      6.18      08/18/21     CNY      20.05
CIXI CITY CONSTRUCTION      6.18      08/18/21     CNY      28.80
CIXI STATE OWNED ASSET      4.90      04/07/24     CNY      60.76
CIXI STATE OWNED ASSET      4.90      04/07/24     CNY      63.13
DAFANG COUNTY CONSTRUC      6.00      09/26/23     CNY      57.90
DAFANG COUNTY CONSTRUC      6.00      09/26/23     CNY      60.41
DALI HAIDONG DEVELOPME      6.01      01/25/23     CNY      39.50
DALI HAIDONG DEVELOPME      6.01      01/25/23     CNY      39.82
DALIAN RONGDA INVESTME      5.69      12/05/21     CNY      20.13
DALIAN SHITAI CITY CON      4.50      02/01/23     CNY      37.09
DALIAN SHITAI CITY CON      4.50      02/01/23     CNY      39.85
DANGTU COUNTY CONSTRUC      5.38      08/10/22     CNY      40.43
DANGYANG XINYUAN INVES      4.97      03/29/23     CNY      39.66
DANGYANG XINYUAN INVES      4.97      03/29/23     CNY      40.16
DANYANG HI-TECH INDUST      6.40      04/24/22     CNY      19.83
DANYANG HI-TECH INDUST      6.40      04/24/22     CNY      20.00
DANYANG INVESTMENT GRO      3.99      01/25/23     CNY      39.70
DATONG ECONOMIC CONSTR      4.49      10/22/22     CNY      39.95
DAWA COUNTY CITY CONST      6.29      06/12/22     CNY      19.56
DAYE ZHENHENG CITY DEV      4.50      03/28/23     CNY      39.13
DAYE ZHENHENG CITY DEV      4.50      03/28/23     CNY      39.62
DAYE ZHENHENG CITY DEV      4.05      08/31/23     CNY      58.34
DAYE ZHENHENG CITY DEV      4.05      08/31/23     CNY      58.46
DAZHOU DEVELOPMENT HOL      6.55      01/14/22     CNY      20.00
DAZHOU DEVELOPMENT HOL      6.55      01/14/22     CNY      20.13
DAZHOU DEVELOPMENT HOL      5.10      11/27/22     CNY      40.00
DAZHOU DEVELOPMENT HOL      5.10      11/27/22     CNY      40.06
DEHONGZHOU HONGKANG IN      6.68      01/23/22     CNY      20.12
DEHONGZHOU HONGKANG IN      6.68      01/23/22     CNY      20.14
DEQING CONSTRUCTION IN      3.60      11/11/23     CNY      59.50
DEQING CONSTRUCTION IN      3.60      11/11/23     CNY      59.86
DEXING INVESTMENT HOLD      5.99      03/21/23     CNY      39.85
DEXING INVESTMENT HOLD      5.99      03/21/23     CNY      40.00
DONGLING GROUP INC CO       8.00      07/14/22     CNY      40.00
DONGLING GROUP INC CO       8.00      07/14/22     CNY      40.52
DONGTAI STATE-OWNED AS      3.04      11/16/23     CNY      58.42
DONGYING CITY URBAN AS      5.57      03/31/22     CNY      20.22
DONGYING CITY URBAN AS      5.57      03/31/22     CNY      20.33
DONGZHI COUNTY CITY OP      4.88      06/20/23     CNY      40.37
DONGZHI COUNTY CITY OP      4.88      06/20/23     CNY      40.38
DUJIANGYAN NEW CITY CO      6.90      10/19/24     CNY      71.50
DUJIANGYAN XINGYAN INV      6.10      03/12/22     CNY      19.00
DUJIANGYAN XINGYAN INV      6.10      03/12/22     CNY      19.47
DUNYUN STATE-OWNED ASS      6.60      12/28/22     CNY      39.74
ENSHI URBAN CONSTRUCTI      3.84      11/01/23     CNY      59.40
ENSHI URBAN CONSTRUCTI      3.84      11/01/23     CNY      59.48
EZHOU CITY CONSTRUCTIO      6.68      09/19/21     CNY      20.15
EZHOU CITY CONSTRUCTIO      6.68      09/19/21     CNY      20.53
FEICHENG CITY ASSETS M      4.04      03/23/23     CNY      39.44
FEICHENG CITY ASSETS M      4.04      03/23/23     CNY      39.74
FEIXI COUNTY URBAN & R      4.45      06/03/23     CNY      39.80
FEIXI COUNTY URBAN & R      4.45      06/03/23     CNY      41.24
FENG COUNTY ECONOMIC D      5.18      06/21/23     CNY      38.10
FENG COUNTY ECONOMIC D      5.18      06/21/23     CNY      39.89
FENGCHENG CITY CONSTRU      6.49      02/10/22     CNY      20.23
FENGCHENG CITY CONSTRU      6.49      02/10/22     CNY      20.34
FENGCHENG CITY MODERN       5.76      12/17/22     CNY      39.60
FENGCHENG CITY MODERN       5.76      12/17/22     CNY      40.00
FENGDU COUNTY STATE-OW      6.38      09/05/24     CNY      60.00
FENGHUANG MINGCHENG CO      6.50      03/23/24     CNY      61.05
FENGHUANG MINGCHENG CO      6.50      03/23/24     CNY      61.06
FENGTAI HUAXING CITY D      5.60      03/13/24     CNY      61.39
FENGTAI HUAXING CITY D      5.60      03/13/24     CNY      61.45
FENGXIAN URBAN INVESTM      4.23      07/13/21     CNY      20.00
FENGXIAN URBAN INVESTM      4.23      07/13/21     CNY      20.00
FENGXIAN URBAN INVESTM      6.48      03/20/22     CNY      20.00
FENGXIAN URBAN INVESTM      6.48      03/20/22     CNY      20.13
FENYI CITY CONSTRUCTIO      4.54      08/22/23     CNY      58.65
FENYI CITY CONSTRUCTIO      4.54      08/22/23     CNY      59.52
FUJIAN FUSHENG GROUP C      7.90      11/19/21     CNY      60.00
FUJIAN FUSHENG GROUP C      7.90      12/17/21     CNY      70.99
FUJIAN JINJIANG URBAN       3.35      08/24/23     CNY      59.70
FUJIAN JINJIANG URBAN       3.35      08/24/23     CNY      60.06
FUJIAN PROVINCE LIANJI      6.29      04/30/22     CNY      20.00
FUJIAN PROVINCE LIANJI      6.29      04/30/22     CNY      20.33
FUJIAN ZHANGLONG GROUP      4.99      08/07/22     CNY      40.00
FUJIAN ZHANGLONG GROUP      4.99      08/07/22     CNY      40.44
FUNING URBAN INVESTMEN      7.19      08/15/21     CNY      20.05
FUNING URBAN INVESTMEN      7.19      08/15/21     CNY      21.15
FUNING URBAN INVESTMEN      6.00      03/14/24     CNY      61.19
FUNING URBAN INVESTMEN      6.00      03/14/24     CNY      61.23
FUQING CITY STATE-OWNE      5.94      11/26/22     CNY      40.09
FUXIN INFRASTRUCTURE C      6.18      03/18/22     CNY      19.77
FUZHOU CHANGLE DISTRIC      4.50      04/11/23     CNY      39.59
FUZHOU CHANGLE DISTRIC      4.50      04/11/23     CNY      40.01
FUZHOU DEVELOPMENT ZON      3.53      08/25/23     CNY      59.65
FUZHOU DEVELOPMENT ZON      3.53      08/25/23     CNY      59.73
FUZHOU DONGXIANG INVES      6.20      03/20/24     CNY      59.14
FUZHOU DONGXIANG INVES      6.20      03/20/24     CNY      61.90
FUZHOU LINCHUAN URBAN       5.68      07/05/23     CNY      40.02
FUZHOU LINCHUAN URBAN       5.68      07/05/23     CNY      40.08
FUZHOU URBAN AND RURAL      5.48      01/26/22     CNY      20.00
FUZHOU URBAN AND RURAL      5.48      01/26/22     CNY      20.19
FUZHOU URBAN AND RURAL      4.89      07/08/22     CNY      20.35
FUZHOU URBAN AND RURAL      4.89      07/08/22     CNY      20.55
GANSU PROVINCIAL HIGHW      6.58      09/24/22     CNY      71.50
GANSU PROVINCIAL HIGHW      6.20      03/28/23     CNY      72.12
GANZHOU CITY DEVELOPME      5.50      06/16/22     CNY      20.00
GANZHOU CITY DEVELOPME      5.50      06/16/22     CNY      20.44
GANZHOU DEVELOPMENT IN      8.10      12/11/23     CNY      63.56
GAOMI STATE-OWNED ASSE      4.69      01/26/23     CNY      39.89
GAOMI STATE-OWNED ASSE      4.69      01/26/23     CNY      40.11
GAOYOU CITY CONSTRUCTI      5.48      09/15/22     CNY      40.00
GAOYOU CITY CONSTRUCTI      5.48      09/15/22     CNY      40.31
GAOYOU CITY ECONOMY DE      3.65      09/02/23     CNY      59.72
GAOYOU CITY ECONOMY DE      3.65      09/02/23     CNY      60.00
GONG'AN COUNTY CITY CO      4.30      08/30/23     CNY      59.28
GONG'AN COUNTY CITY CO      4.30      08/30/23     CNY      59.28
GONGQINGCHENG FINANCIA      5.85      03/25/23     CNY      40.26
GONGQINGCHENG FINANCIA      5.85      03/25/23     CNY      40.27
GUANGAN DEVELOPMENT AN      6.39      03/24/22     CNY      20.39
GUANGAN DEVELOPMENT AN      6.39      03/24/22     CNY      24.00
GUANGAN ECONOMIC & TEC      7.10      09/22/21     CNY      20.07
GUANGAN ECONOMIC & TEC      7.10      09/22/21     CNY      20.07
GUANGAN ECONOMIC & TEC      5.16      04/14/23     CNY      39.94
GUANGAN ECONOMIC & TEC      5.16      04/14/23     CNY      40.00
GUANGAN TRANSPORTATION      5.39      12/01/23     CNY      59.84
GUANGDONG HUIZHOU COMM      4.16      05/17/23     CNY      40.48
GUANGDONG HUIZHOU COMM      4.16      05/17/23     CNY      40.49
GUANGDONG HUIZHOU COMM      4.95      12/27/23     CNY      61.40
GUANGDONG HUIZHOU COMM      4.95      12/27/23     CNY      61.48
GUANGRAO COUNTY ECONOM      3.61      09/08/23     CNY      60.01
GUANGSHUI CITY DEVELOP      6.19      03/01/24     CNY      61.37
GUANGSHUI CITY DEVELOP      6.19      03/01/24     CNY      61.37
GUANGXI LAIBIN INDUSTR      5.97      11/26/21     CNY      20.00
GUANGXI LAIBIN INDUSTR      5.97      11/26/21     CNY      20.04
GUANGYUAN YUANQU CONST      8.35      08/26/21     CNY      20.08
GUANGYUAN YUANQU CONST      8.35      08/26/21     CNY      27.00
GUANGYUAN YUANQU CONST      4.48      03/10/23     CNY      38.85
GUANGYUAN YUANQU CONST      4.48      03/10/23     CNY      39.43
GUANGZHOU HUANTOU NANS      6.38      11/18/24     CNY      60.97
GUANGZHOU HUANTOU NANS      6.38      11/18/24     CNY      61.36
GUANGZHOU METRO GROUP       6.45      04/02/24     CNY      45.00
GUANGZHOU METRO GROUP       6.05      06/03/24     CNY      46.46
GUANGZHOU METRO GROUP       6.45      04/02/24     CNY      46.63
GUCHENG CONSTRUCTION I      7.88      04/27/25     CNY      75.00
GUILIN ECONOMIC CONSTR      5.60      04/22/22     CNY      20.00
GUILIN ECONOMIC CONSTR      5.60      04/22/22     CNY      20.32
GUIRENNIAO CO LTD           7.00      12/03/19     CNY      49.50
GUIXI STATE OWNED HOLD      4.18      08/18/23     CNY      59.41
GUIXI STATE OWNED HOLD      4.18      08/18/23     CNY      59.48
GUIYANG BAIYUN INDUSTR      7.30      03/27/22     CNY      20.14
GUIYANG BAIYUN INDUSTR      7.30      03/27/22     CNY      25.00
GUIYANG BAIYUN URBAN C      4.75      09/13/26     CNY      71.31
GUIYANG BAIYUN URBAN C      4.75      09/13/26     CNY      72.66
GUIYANG CITY CONSTRUCT      4.37      03/25/26     CNY      66.50
GUIYANG CITY CONSTRUCT      4.37      03/25/26     CNY      66.68
GUIYANG CITY CONSTRUCT      4.00      11/14/26     CNY      74.61
GUIYANG CITY CONSTRUCT      4.00      11/14/26     CNY      74.63
GUIYANG GUANCHENG INDU      7.50      12/25/22     CNY      71.39
GUIYANG GUANSHANHU DIS      4.87      01/28/23     CNY      38.62
GUIYANG GUANSHANHU DIS      4.48      03/09/23     CNY      38.89
GUIYANG GUANSHANHU DIS      4.48      03/09/23     CNY      39.58
GUIYANG GUANSHANHU DIS      4.87      01/28/23     CNY      39.79
GUIYANG GUANSHANHU DIS      6.49      06/22/24     CNY      58.53
GUIYANG GUANSHANHU DIS      6.49      06/22/24     CNY      58.69
GUIYANG URBAN CONSTRUC      5.23      12/02/22     CNY      39.70
GUIYANG URBAN CONSTRUC      5.23      12/02/22     CNY      39.84
GUIZHOU EAST LAKE CITY      5.18      01/06/23     CNY      38.88
GUIZHOU EAST LAKE CITY      5.18      01/06/23     CNY      39.98
GUIZHOU FANJINGSHAN IN      6.95      01/28/22     CNY      19.82
GUIZHOU GUIAN CONSTRUC      4.17      10/28/22     CNY      40.08
GUIZHOU GUIAN CONSTRUC      4.17      10/28/22     CNY      41.00
GUIZHOU GUILONG INDUST      7.80      04/28/22     CNY      25.45
GUIZHOU GUILONG INDUST      7.80      04/28/22     CNY      25.49
GUIZHOU HONGCAI INVEST      6.00      06/07/23     CNY      28.92
GUIZHOU HONGCAI INVEST      6.00      06/07/23     CNY      29.14
GUIZHOU KAILI KAIYUAN       7.30      05/26/24     CNY      58.31
GUIZHOU KAILI KAIYUAN       7.30      05/26/24     CNY      62.03
GUIZHOU LIUPANSHUI PAN      7.30      07/24/24     CNY      60.95
GUIZHOU RAILWAY INVEST      7.20      03/27/22     CNY      20.36
GUIZHOU RAILWAY INVEST      7.50      04/23/24     CNY      47.53
GUIZHOU SHUICHENG CITY      4.98      11/22/23     CNY      55.02
GUIZHOU SHUICHENG CITY      4.98      11/22/23     CNY      59.78
GUIZHOU SHUICHENG ECON      7.50      10/26/25     CNY      59.50
GUIZHOU XINDONGGUAN CI      7.70      09/05/24     CNY      67.00
GULIN STATE-OWNED ASSE      4.18      08/04/23     CNY      59.10
GULIN STATE-OWNED ASSE      4.18      08/04/23     CNY      59.25
HAIAN DEVELOPMENT ZONE      4.47      11/16/23     CNY      58.88
HAIAN DEVELOPMENT ZONE      4.47      11/16/23     CNY      59.31
HAIAN ECONOMIC TECHNOL      5.45      04/13/23     CNY      40.03
HAIAN ECONOMIC TECHNOL      5.45      04/13/23     CNY      40.32
HAIAN URBAN DEMOLITION      5.08      11/27/22     CNY      40.22
HAIAN URBAN DEMOLITION      5.08      11/27/22     CNY      40.88
HAICHENG URBAN JINCAI       5.37      08/10/23     CNY      60.21
HAIFENG MARINE INFRAST      6.84      04/29/22     CNY      20.26
HAIKOU MEILAN INTERNAT      5.25      09/06/19     USD      17.15
HAINAN AIRLINES HOLDIN      6.20      05/24/21     CNY      51.00
HAINING CITY DEVELOPME      5.58      10/22/21     CNY      20.10
HAINING CITY DEVELOPME      5.58      10/22/21     CNY      20.70
HAIYAN COUNTY STATE-OW      5.80      06/12/24     CNY      61.10
HAMI JIANHUI STATE-OWN      3.90      09/21/23     CNY      58.99
HAMI JIANHUI STATE-OWN      3.90      09/21/23     CNY      59.67
HANCHENG CITY INVESTME      4.69      12/05/23     CNY      57.11
HANCHENG CITY INVESTME      4.69      12/05/23     CNY      57.65
HANCHUAN CITY HANRONG       4.25      07/18/23     CNY      59.39
HANCHUAN CITY HANRONG       4.25      07/18/23     CNY      59.71
HANDAN CONSTRUCTION &       5.48      05/27/22     CNY      20.26
HANDAN CONSTRUCTION &       5.48      05/27/22     CNY      27.20
HANGZHOU CANAL COMPREH      3.40      10/17/23     CNY      58.95
HANGZHOU CANAL COMPREH      3.40      10/17/23     CNY      60.10
HANGZHOU CITY CONSTRUC      3.80      03/14/23     CNY      40.00
HANGZHOU CITY CONSTRUC      3.80      03/14/23     CNY      40.01
HANGZHOU FUYANG DEVELO      4.76      01/27/23     CNY      39.87
HANGZHOU FUYANG DEVELO      4.76      01/27/23     CNY      40.42
HANGZHOU GONGSHU DISTR      6.90      07/21/21     CNY      20.02
HANGZHOU GONGSHU DISTR      6.90      07/21/21     CNY      20.13
HANGZHOU METRO GROUP C      5.97      09/17/24     CNY      63.64
HANGZHOU WEST LAKE INV      4.30      04/25/23     CNY      40.37
HANGZHOU WEST LAKE INV      4.30      04/25/23     CNY      40.59
HANGZHOU XIAOSHAN QIAN      4.00      03/22/23     CNY      40.14
HANGZHOU XIAOSHAN QIAN      4.00      03/22/23     CNY      40.35
HANJIANG STATE-OWNED-A      5.40      04/21/24     CNY      61.64
HANJIANG STATE-OWNED-A      5.40      04/21/24     CNY      61.92
HAWTAI MOTOR GROUP LTD      6.10      10/26/21     CNY      74.00
HEBEI ZHONGYUE CITY CO      4.10      11/16/21     CNY      19.92
HEBEI ZHONGYUE CITY CO      4.10      11/16/21     CNY      19.95
HEBI INVESTMENTS GROUP      7.88      08/01/21     CNY      20.03
HEBI INVESTMENTS GROUP      7.88      08/01/21     CNY      20.99
HECHI CITY CONSTRUCTIO      5.58      11/13/22     CNY      36.00
HECHI CITY CONSTRUCTIO      5.58      11/13/22     CNY      39.28
HECHI STATE-OWNED CAPI      4.37      11/04/23     CNY      58.47
HECHI STATE-OWNED CAPI      4.37      11/04/23     CNY      58.96
HEFEI CONSTRUCTION INV      7.20      04/29/24     CNY      48.79
HEFEI XINCHENG STATE-O      4.13      07/15/23     CNY      59.38
HEFEI XINCHENG STATE-O      4.13      07/15/23     CNY      59.89
HEILONGJIANG HECHENG C      7.05      06/21/22     CNY      15.26
HEILONGJIANG HECHENG C      5.60      11/11/21     CNY      20.03
HEISHAN TONGHE ASSET M      6.79      09/18/22     CNY      39.28
HEISHAN TONGHE ASSET M      6.79      09/18/22     CNY      39.55
HENGDONG URBAN & RURAL      6.60      12/27/23     CNY      60.90
HENGDONG URBAN & RURAL      6.60      12/27/23     CNY      60.97
HENGYANG BAISHAZHOU DE      6.87      08/22/21     CNY      20.05
HENGYANG BAISHAZHOU DE      6.87      08/22/21     CNY      24.50
HENGYANG COMMUNICATION      4.28      01/21/23     CNY      39.72
HENGYANG COMMUNICATION      4.28      01/21/23     CNY      40.00
HESHAN PUBLIC ASSET MA      4.08      09/28/23     CNY      58.85
HESHAN PUBLIC ASSET MA      4.08      09/28/23     CNY      59.44
HESHAN PUBLIC ASSET MA      5.08      12/07/23     CNY      60.19
HESHAN PUBLIC ASSET MA      5.08      12/07/23     CNY      60.24
HETIAN YUXIN STATE-OWN      4.65      03/28/23     CNY      39.12
HETIAN YUXIN STATE-OWN      4.65      03/28/23     CNY      39.55
HEYUAN CITY RUNYE INVE      6.20      12/03/21     CNY      20.20
HEYUAN CITY RUNYE INVE      6.20      12/03/21     CNY      25.88
HNA GROUP CO LTD            5.99      11/27/22     CNY      29.10
HNA GROUP CO LTD            7.10      04/15/20     CNY      70.00
HONGHEZHOU DEVELOPMENT      5.90      07/12/24     CNY      61.97
HUACHEN ENERGY CO LTD       6.63      05/18/20     USD      43.82
HUAIAN CITY HUAIAN DIS      4.63      05/03/23     CNY      40.00
HUAIAN CITY HUAIAN DIS      4.63      05/03/23     CNY      40.53
HUAIAN CITY URBAN ASSE      5.70      04/23/22     CNY      20.40
HUAIAN CITY URBAN ASSE      5.70      04/23/22     CNY      21.54
HUAIAN CITY XUYI URBAN      5.10      04/15/23     CNY      39.95
HUAIAN CITY XUYI URBAN      5.10      04/15/23     CNY      40.08
HUAIAN HONGRI TRANSPOR      5.09      04/20/23     CNY      38.69
HUAIAN HONGRI TRANSPOR      5.09      04/20/23     CNY      38.77
HUAIAN HONGZE DISTRICT      4.37      07/18/23     CNY      59.40
HUAIAN HONGZE DISTRICT      4.37      07/18/23     CNY      59.41
HUAI'AN NEW CITY INVES      6.95      07/28/21     CNY      20.01
HUAI'AN NEW CITY INVES      6.95      07/28/21     CNY      27.50
HUAIHUA CITY CONSTRUCT      4.18      08/31/23     CNY      57.32
HUAIHUA CITY CONSTRUCT      4.18      08/31/23     CNY      57.67
HUAIHUA ECONOMIC DEVEL      6.80      03/26/22     CNY      20.00
HUAIHUA ECONOMIC DEVEL      6.80      03/26/22     CNY      20.18
HUAIHUA TRANSPORTATION      4.96      04/12/23     CNY      38.87
HUAIHUA TRANSPORTATION      4.96      04/12/23     CNY      39.81
HUANGGANG CITY CONSTRU      4.08      01/18/23     CNY      40.17
HUANGGANG CITY CONSTRU      4.08      01/18/23     CNY      40.20
HUANGSHAN CHENGTOU GRO      5.95      05/06/22     CNY      20.33
HUANGSHAN CHENGTOU GRO      5.95      05/06/22     CNY      20.65
HUANGSHI CIHU HIGH-TEC      4.97      06/08/23     CNY      39.92
HUANGSHI CIHU HIGH-TEC      4.97      06/08/23     CNY      40.10
HUANGSHI CIHU HIGH-TEC      4.50      06/08/23     CNY      40.22
HUANGSHI CIHU HIGH-TEC      4.50      06/08/23     CNY      43.00
HUANGSHI URBAN CONSTRU      5.99      04/29/22     CNY      20.00
HUANGSHI URBAN CONSTRU      5.99      04/29/22     CNY      20.42
HUANGSHI ZHONGBANG CIT      5.95      06/02/24     CNY      61.96
HUANGSHI ZHONGBANG CIT      5.95      06/02/24     CNY      63.00
HUBEI PROVINCE CHANGJI      6.15      04/03/22     CNY      20.32
HUBEI PROVINCE CHANGJI      6.15      04/03/22     CNY      22.40
HUBEI SONGZI JINSONG I      6.60      06/21/24     CNY      60.84
HUBEI SONGZI JINSONG I      6.60      06/21/24     CNY      61.56
HULUDAO INVESTMENT GRO      7.50      10/18/23     CNY      45.78
HULUNBEIER INVESTMENT       6.31      04/30/22     CNY      19.50
HULUNBEIER INVESTMENT       6.31      04/30/22     CNY      19.60
HUNAN CHUZHISHENG HOLD      5.60      12/18/22     CNY      39.74
HUNAN CHUZHISHENG HOLD      5.60      12/18/22     CNY      40.55
HUNAN JINYANG INVESTME      5.70      11/27/21     CNY      18.60
HUNAN JINYANG INVESTME      5.70      11/27/21     CNY      20.16
HUNAN JINYANG INVESTME      4.37      01/19/23     CNY      39.67
HUNAN JINYANG INVESTME      4.37      01/19/23     CNY      39.71
HUNAN JINYANG INVESTME      4.39      04/06/23     CNY      39.85
HUNAN JINYANG INVESTME      4.39      04/06/23     CNY      40.05
HUNAN JINYANG NEW CITY      4.43      10/23/22     CNY      40.12
HUNAN LINGANG DEVELOPM      3.94      10/26/23     CNY      58.35
HUNAN LINGANG DEVELOPM      4.24      07/21/23     CNY      58.60
HUNAN LINGANG DEVELOPM      4.24      07/21/23     CNY      58.88
HUNAN LINGANG DEVELOPM      3.94      10/26/23     CNY      59.04
HUNAN LOUDI ECONOMIC &      6.36      03/13/22     CNY      19.53
HUNAN LOUDI ECONOMIC &      6.36      03/13/22     CNY      27.00
HUNAN LOUDI ECONOMIC &      4.89      03/30/23     CNY      37.72
HUNAN LOUDI ECONOMIC &      4.89      03/30/23     CNY      38.07
HUNAN PROVINCIAL RAILW      6.09      04/30/25     CNY      60.00
HUNAN PROVINCIAL RAILW      6.09      04/30/25     CNY      61.76
HUNAN SENTE INDUSTRIAL      6.90      11/28/24     CNY      40.00
HUNAN SHAODONG ECO-IND      6.58      12/13/23     CNY      61.01
HUNAN SHAODONG ECO-IND      6.58      12/13/23     CNY      61.34
HUNAN TIER GROUP CO LT      4.20      03/17/23     CNY      38.49
HUNAN TIER GROUP CO LT      4.20      03/17/23     CNY      39.30
HUNAN YOUZHOU INVESTME      4.80      07/07/23     CNY      39.76
HUNAN YOUZHOU INVESTME      4.80      07/07/23     CNY      39.77
HUZHOU URBAN CONSTRUCT      6.48      08/28/21     CNY      20.11
HUZHOU URBAN CONSTRUCT      6.48      08/28/21     CNY      22.38
INNER MONGOLIA JINLONG      7.30      11/19/22     CNY      39.50
INNER MONGOLIA JINLONG      7.30      11/19/22     CNY      40.44
INNER MONGOLIA KE'ERQI      6.50      03/11/22     CNY      19.40
INNER MONGOLIA KE'ERQI      6.50      03/11/22     CNY      20.00
INNER MONGOLIA KE'ERQI      6.45      04/30/22     CNY      20.00
INNER MONGOLIA KE'ERQI      6.45      04/30/22     CNY      20.00
INNER MONGOLIA SHENGXI      8.18      08/21/21     CNY      20.06
INNER MONGOLIA SHENGXI      8.18      08/21/21     CNY      24.00
INNER MONGOLIA ZHUNGEE      6.54      12/31/21     CNY      20.30
INNER MONGOLIA ZHUNGEE      6.54      12/31/21     CNY      22.10
JIAHE ZHUDU DEVELOPMEN      6.50      05/25/24     CNY      61.41
JIAHE ZHUDU DEVELOPMEN      6.50      05/25/24     CNY      61.42
JIAN CITY JINGANGSHAN       4.87      01/27/23     CNY      39.30
JIAN CITY JINGANGSHAN       4.87      01/27/23     CNY      39.84
JIANAN INVESTMENT HOLD      4.30      03/08/23     CNY      39.89
JIANAN INVESTMENT HOLD      4.30      03/08/23     CNY      40.34
JIANAN INVESTMENT HOLD      3.50      09/05/23     CNY      59.40
JIANAN INVESTMENT HOLD      3.85      09/05/23     CNY      59.53
JIANAN INVESTMENT HOLD      3.50      09/05/23     CNY      59.85
JIANAN INVESTMENT HOLD      3.85      09/05/23     CNY      60.07
JIANGMEN NEW HI-TECH I      6.03      04/22/22     CNY      20.35
JIANGMEN NEW HI-TECH I      6.03      04/22/22     CNY      20.41
JIANGSU BEIGU INDUSTRI      5.80      06/20/23     CNY      40.22
JIANGSU BEIGU INDUSTRI      5.80      06/20/23     CNY      40.36
JIANGSU DAHANG LINGANG      5.18      09/22/23     CNY      59.45
JIANGSU DAHANG LINGANG      5.18      09/22/23     CNY      59.58
JIANGSU GAOCHUN ECONOM      3.67      09/23/23     CNY      59.39
JIANGSU GAOCHUN ECONOM      3.92      11/23/23     CNY      59.40
JIANGSU GAOCHUN ECONOM      3.67      09/23/23     CNY      59.42
JIANGSU GAOCHUN ECONOM      3.92      11/23/23     CNY      59.77
JIANGSU GAOCHUN ECONOM      5.66      06/26/24     CNY      60.93
JIANGSU GAOCHUN ECONOM      5.66      06/26/24     CNY      61.18
JIANGSU HAIRUN CITY DE      6.22      04/03/22     CNY      20.32
JIANGSU HAIRUN CITY DE      6.22      04/03/22     CNY      22.20
JIANGSU HAIZHOU DEVELO      4.67      06/06/23     CNY      40.13
JIANGSU HAIZHOU DEVELO      4.67      06/06/23     CNY      40.29
JIANGSU HANRUI INVESTM      4.63      04/15/23     CNY      39.95
JIANGSU HANRUI INVESTM      4.63      04/15/23     CNY      40.51
JIANGSU HANRUI INVESTM      5.00      08/31/23     CNY      58.06
JIANGSU HANRUI INVESTM      5.00      08/31/23     CNY      58.17
JIANGSU JINTAN GUOFA I      4.60      08/22/23     CNY      59.38
JIANGSU JINTAN GUOFA I      4.60      08/22/23     CNY      59.51
JIANGSU RUNCHENG ASSET      5.65      04/19/24     CNY      60.67
JIANGSU RUNCHENG ASSET      5.65      04/19/24     CNY      62.65
JIANGSU RUNQI WANGUO I      4.14      10/21/21     CNY      29.74
JIANGSU RUNQI WANGUO I      4.14      10/21/21     CNY      29.97
JIANGSU WUZHONG ECONOM      5.49      11/19/21     CNY      20.18
JIANGSU WUZHONG ECONOM      5.49      11/19/21     CNY      20.32
JIANGSU XISHAN ECONOMI      5.78      07/20/22     CNY      40.34
JIANGSU XISHAN ECONOMI      5.78      07/20/22     CNY      40.50
JIANGSU YANGKOU PORT C      6.23      04/10/22     CNY      20.17
JIANGSU YANGKOU PORT C      6.23      04/10/22     CNY      27.50
JIANGSU YINGZHOU DEVEL      4.33      09/21/23     CNY      58.33
JIANGSU YINGZHOU DEVEL      4.33      09/21/23     CNY      59.04
JIANGSU ZHANGJIAGANG E      3.95      03/22/23     CNY      40.00
JIANGSU ZHANGJIAGANG E      3.95      03/22/23     CNY      40.26
JIANGSU ZHONGAN CONSTR      5.65      03/24/24     CNY      61.85
JIANGSU ZHONGAN CONSTR      5.65      03/24/24     CNY      62.40
JIANGSU ZHUFU INDUSTRI      4.47      07/20/23     CNY      58.40
JIANGSU ZHUFU INDUSTRI      4.47      07/20/23     CNY      58.91
JIANGXI HEJI INVESTMEN      5.09      12/17/22     CNY      39.66
JIANGXI HEJI INVESTMEN      5.09      12/17/22     CNY      40.00
JIANGXI HUIHENG PROPER      4.43      08/30/21     CNY      29.80
JIANGXI HUIHENG PROPER      4.43      08/30/21     CNY      40.02
JIANGXI LONGHU MOUNTAI      4.35      03/16/23     CNY      39.59
JIANGXI LONGHU MOUNTAI      4.35      03/16/23     CNY      39.68
JIANGXI PINGXIANG CHAN      6.00      08/11/24     CNY      60.00
JIANGYOU HONGFEI INVES      6.55      09/02/22     CNY      39.92
JIANGYOU HONGFEI INVES      6.55      09/02/22     CNY      40.31
JIANHU COUNTY DEVELOPM      7.29      09/25/21     CNY      20.06
JIANHU COUNTY DEVELOPM      7.29      09/25/21     CNY      22.75
JIANHU URBAN CONSTRUCT      6.30      06/01/22     CNY      19.92
JIANHU URBAN CONSTRUCT      6.30      06/01/22     CNY      22.86
JIANHU URBAN CONSTRUCT      3.28      10/13/21     CNY      39.94
JIANHU URBAN CONSTRUCT      3.28      10/13/21     CNY      41.00
JIANLI FENGYUAN CITY I      6.78      04/28/24     CNY      61.66
JIANLI FENGYUAN CITY I      6.78      04/28/24     CNY      61.67
JIANYANG DEVELOPMENT H      3.93      11/10/23     CNY      57.96
JIANYANG DEVELOPMENT H      3.93      11/10/23     CNY      58.85
JIANYANG MODERN INDUST      6.00      04/24/24     CNY      60.03
JIANYANG MODERN INDUST      6.00      04/24/24     CNY      60.03
JIAXING XIANGJIADANG D      3.87      09/21/23     CNY      58.96
JIAXING XIANGJIADANG D      4.13      07/20/23     CNY      59.46
JIAXING XIANGJIADANG D      3.87      09/21/23     CNY      59.48
JIAXING XIANGJIADANG D      4.13      07/20/23     CNY      60.31
JIAYU COUNTY URBAN TOW      5.70      01/19/23     CNY      39.96
JIAYU COUNTY URBAN TOW      5.70      01/19/23     CNY      40.16
JIAYU COUNTY URBAN TOW      5.70      03/23/24     CNY      60.45
JIAYU COUNTY URBAN TOW      5.70      03/23/24     CNY      60.45
JIAYU COUNTY URBAN TOW      6.50      01/19/24     CNY      60.98
JIAYU COUNTY URBAN TOW      6.50      01/19/24     CNY      61.08
JIAYUGUAN CITY INFRAST      7.83      09/23/21     CNY      20.00
JIAYUGUAN CITY INFRAST      7.83      09/23/21     CNY      20.03
JIEYANG CITY INVESTMEN      6.55      08/27/21     CNY      20.12
JIEYANG CITY INVESTMEN      6.55      08/27/21     CNY      20.17
JILIN CITY CONSTRUCTIO      3.80      01/27/23     CNY      37.00
JILIN CITY CONSTRUCTIO      3.80      01/27/23     CNY      39.57
JILIN ECONOMIC AND TEC      6.20      04/29/23     CNY      40.11
JILIN ECONOMIC AND TEC      6.20      04/29/23     CNY      40.23
JINAN CITY LICHENG DIS      5.00      06/23/22     CNY      19.96
JINAN CITY LICHENG DIS      5.00      06/23/22     CNY      20.29
JINCHANG CONSTRUCTION       6.79      12/21/22     CNY      20.00
JINCHANG CONSTRUCTION       6.79      12/21/22     CNY      40.49
JINCHENG STATE-OWNED C      4.99      11/11/21     CNY      20.06
JINCHENG STATE-OWNED C      4.99      11/11/21     CNY      20.10
JINGDEZHEN CERAMIC CUL      5.38      11/27/22     CNY      40.00
JINGDEZHEN CERAMIC CUL      5.38      11/27/22     CNY      40.27
JINGJIANG CITY INVESTM      4.55      03/30/23     CNY      39.50
JINGJIANG CITY INVESTM      4.55      03/30/23     CNY      39.80
JINGJIANG HARBOUR GROU      7.30      08/05/21     CNY      20.02
JINGJIANG HARBOUR GROU      7.30      08/05/21     CNY      20.16
JINGMEN CITY CONSTRUCT      6.85      07/09/22     CNY      15.00
JINGMEN CITY CONSTRUCT      6.85      07/09/22     CNY      15.39
JINGMEN HIGH-TECH DEVE      5.48      08/11/22     CNY      39.80
JINGMEN HIGH-TECH DEVE      5.48      08/11/22     CNY      40.21
JINGMEN HIGH-TECH DEVE      4.15      07/28/23     CNY      59.37
JINGMEN HIGH-TECH DEVE      4.15      07/28/23     CNY      59.56
JINGSHAN JINGCHENG INV      4.38      08/29/23     CNY      59.02
JINGSHAN JINGCHENG INV      4.38      08/29/23     CNY      60.17
JINGZHOU URBAN CONSTRU      3.97      03/10/23     CNY      39.60
JINGZHOU URBAN CONSTRU      3.97      03/10/23     CNY      39.94
JINHU COUNTY STATE-OWN      7.75      08/25/21     CNY      20.09
JINHU COUNTY STATE-OWN      7.75      08/25/21     CNY      21.33
JINHU COUNTY STATE-OWN      4.00      07/26/22     CNY      49.73
JINHU COUNTY STATE-OWN      4.00      07/26/22     CNY      49.95
JINING CITY SHIZHONG D      6.39      01/29/22     CNY      19.98
JINING CITY SHIZHONG D      6.39      01/29/22     CNY      24.44
JINING CITY SHIZHONG D      3.52      09/14/23     CNY      59.61
JINING HIGH TECH URBAN      6.09      04/30/22     CNY      20.30
JINING HIGH TECH URBAN      6.09      04/30/22     CNY      21.50
JINING HIGH TECH URBAN      5.88      04/25/23     CNY      71.59
JINSHA COUNTY CONSTRUC      6.01      09/05/23     CNY      60.18
JINSHA COUNTY CONSTRUC      6.01      09/05/23     CNY      60.19
JINTANG MODERN AGRICUL      5.49      07/14/23     CNY      59.91
JINTANG MODERN AGRICUL      5.49      07/14/23     CNY      60.01
JINZHAI URBAN DEVELOPM      5.90      04/25/23     CNY      40.89
JINZHAI URBAN DEVELOPM      5.90      04/25/23     CNY      40.90
JINZHOU CITY INVESTMEN      6.44      08/18/21     CNY      20.05
JINZHOU CITY INVESTMEN      6.44      08/18/21     CNY      24.91
JISHOU HUATAI STATE OW      7.18      02/09/22     CNY      19.98
JISHOU HUATAI STATE OW      7.18      02/09/22     CNY      22.82
JISHOU HUATAI STATE OW      6.50      06/21/24     CNY      62.50
JISHOU HUATAI STATE OW      6.50      06/21/24     CNY      62.53
JIUJIANG CITY CONSTRUC      5.50      05/22/22     CNY      19.55
JIUJIANG CITY CONSTRUC      5.50      05/22/22     CNY      20.25
JIUJIANG LAND INVESTME      6.20      03/23/22     CNY      20.36
JIUJIANG LAND INVESTME      6.20      03/23/22     CNY      20.40
JIUJIANG LIANXI DISTRI      4.58      03/30/23     CNY      39.66
JIUJIANG LIANXI DISTRI      4.58      03/30/23     CNY      39.90
JIXI STATE OWN ASSET M      6.87      01/19/22     CNY      19.91
JIXI STATE OWN ASSET M      6.87      01/19/22     CNY      20.85
KAIFENG URBAN OPERATIO      6.35      03/23/22     CNY      20.13
KAIFENG URBAN OPERATIO      6.35      03/23/22     CNY      20.13
KAIFU CITY DEVELOPMENT      4.20      01/21/23     CNY      39.85
KAIFU CITY DEVELOPMENT      4.20      01/21/23     CNY      40.14
KAIFU CITY DEVELOPMENT      3.73      08/22/23     CNY      59.48
KAIFU CITY DEVELOPMENT      3.73      08/22/23     CNY      59.77
KAILI GUIZHOU TOWN CON      5.29      12/17/22     CNY      38.99
KAILI GUIZHOU TOWN CON      5.29      12/17/22     CNY      40.00
KAILI GUIZHOU TOWN CON      4.20      10/13/23     CNY      56.00
KAILI GUIZHOU TOWN CON      4.20      10/13/23     CNY      57.21
KANGMEI PHARMACEUTICAL      6.28      03/20/21     CNY      20.50
KANGMEI PHARMACEUTICAL      6.10      03/28/21     CNY      20.50
KANGMEI PHARMACEUTICAL      5.50      04/20/21     CNY      20.50
KANGMEI PHARMACEUTICAL      7.00      06/21/21     CNY      20.50
KANGMEI PHARMACEUTICAL      6.80      06/28/21     CNY      20.50
KANGMEI PHARMACEUTICAL      5.20      07/17/22     CNY      20.50
KANGMEI PHARMACEUTICAL      5.29      08/16/22     CNY      20.50
KANGMEI PHARMACEUTICAL      5.47      09/15/22     CNY      20.50
KANGMEI PHARMACEUTICAL      6.33      01/27/22     CNY      36.69
KASHI URBAN CONSTRUCTI      5.80      07/20/22     CNY      40.00
KASHI URBAN CONSTRUCTI      5.80      07/20/22     CNY      40.28
KUNMING DONGJUN REAL E      4.50      11/02/21     CNY      24.85
LANZHOU STATE OWNED AS      6.32      09/10/21     CNY      14.90
LANZHOU STATE OWNED AS      6.32      09/10/21     CNY      19.97
LAOHEKOU CITY CONSTRUC      6.75      08/12/22     CNY      40.24
LAOHEKOU CITY CONSTRUC      6.75      08/12/22     CNY      40.30
LEIYANG CITY AND RURAL      7.80      04/10/22     CNY      20.49
LEIYANG CITY AND RURAL      7.80      04/10/22     CNY      20.50
LEPING STATE-OWNED ASS      3.70      10/20/23     CNY      59.19
LEPING STATE-OWNED ASS      3.70      10/20/23     CNY      59.31
LEQING CITY STATE OWNE      5.99      10/20/21     CNY      20.16
LEQING CITY STATE OWNE      5.99      10/20/21     CNY      20.85
LESHAN STATE-OWNED ASS      5.68      10/22/21     CNY      20.00
LESHAN STATE-OWNED ASS      5.68      10/22/21     CNY      20.15
LIANYUNGANG TRANSPORT       5.47      11/17/21     CNY      20.16
LIANYUNGANG TRANSPORT       5.47      11/17/21     CNY      25.00
LIAOCHENG ANTAI URBAN       5.16      04/11/23     CNY      39.39
LIAOCHENG ANTAI URBAN       4.58      04/11/23     CNY      39.60
LIAOCHENG ANTAI URBAN       5.16      04/11/23     CNY      39.85
LIAOCHENG ANTAI URBAN       4.58      04/11/23     CNY      39.94
LIAOCHENG XINGYE HOLDI      5.20      04/13/23     CNY      39.20
LIAOCHENG XINGYE HOLDI      5.20      04/13/23     CNY      39.95
LIAONING GUANLONG CONS      4.70      11/10/23     CNY      57.91
LIAONING GUANLONG CONS      4.70      11/10/23     CNY      59.45
LIAONING YAODU DEVELOP      6.50      04/29/23     CNY      40.66
LILING HIGH-TECH INDUS      4.93      01/19/23     CNY      39.78
LILING HIGH-TECH INDUS      4.93      01/19/23     CNY      39.81
LINFEN YAODU DISTRICT       7.19      03/13/22     CNY      20.22
LINYI CITY DEVELOPMENT      3.85      11/22/23     CNY      58.95
LINYI CITY DEVELOPMENT      3.85      11/22/23     CNY      60.10
LISHUI CITY CULTURAL T      5.67      08/13/22     CNY      40.35
LISHUI CITY CULTURAL T      5.67      08/13/22     CNY      40.85
LIUPANSHUI CITY TRAFFI      5.98      05/02/24     CNY      58.50
LIUPANSHUI CITY TRAFFI      5.98      05/02/24     CNY      60.82
LIUPANSHUI DEVELOPMENT      3.74      01/20/23     CNY      39.70
LIUPANSHUI DEVELOPMENT      3.74      01/20/23     CNY      39.87
LIUPANSHUI MINSHENG IN      5.08      01/29/23     CNY      37.98
LIUPANSHUI MINSHENG IN      5.08      01/29/23     CNY      39.88
LIUYANG MODERN MANUFAC      4.72      01/19/23     CNY      39.74
LIUYANG MODERN MANUFAC      4.72      01/19/23     CNY      39.77
LIUYANG MODERN MANUFAC      5.75      05/02/24     CNY      61.02
LIUYANG MODERN MANUFAC      5.75      05/02/24     CNY      61.64
LIUYANG URBAN CONSTRUC      6.98      08/22/21     CNY      20.10
LIUYANG URBAN CONSTRUC      6.98      08/22/21     CNY      20.25
LIUYANG URBAN CONSTRUC      4.45      05/24/23     CNY      39.79
LIUYANG URBAN CONSTRUC      4.45      05/24/23     CNY      40.49
LIUZHOU CITY INVESTMEN      7.18      12/31/22     CNY      29.00
LIUZHOU CITY INVESTMEN      7.18      12/31/22     CNY      30.00
LIUZHOU DONGTONG INVES      4.45      07/22/23     CNY      57.85
LIUZHOU DONGTONG INVES      4.45      07/22/23     CNY      57.95
LIUZHOU INVESTMENT HOL      4.28      03/08/23     CNY      38.81
LIUZHOU INVESTMENT HOL      4.28      03/08/23     CNY      39.89
LIUZHOU LONGJIAN INVES      8.28      04/30/24     CNY      44.00
LIUZHOU LONGJIAN INVES      8.28      04/30/24     CNY      46.26
LIYANG KUNLUN URBAN CO      5.90      10/24/21     CNY      18.00
LIYANG KUNLUN URBAN CO      5.90      10/24/21     CNY      20.10
LONGHAI STATE-OWNED AS      6.58      08/15/21     CNY      20.02
LONGYAN RAILWAY CONSTR      4.98      04/13/23     CNY      39.81
LONGYAN RAILWAY CONSTR      4.98      04/13/23     CNY      40.23
LOUDI TIDU INVESTMENT       7.18      08/27/21     CNY      20.00
LOUDI TIDU INVESTMENT       7.18      08/27/21     CNY      20.05
LOUDI TIDU INVESTMENT       4.83      01/20/23     CNY      39.66
LOUDI TIDU INVESTMENT       4.83      01/20/23     CNY      39.79
LOUDI WANBAO NEW DISTR      5.13      02/01/23     CNY      39.26
LOUDI WANBAO NEW DISTR      5.13      02/01/23     CNY      39.98
LOUDI WANBAO NEW DISTR      4.42      08/01/23     CNY      58.43
LOUDI WANBAO NEW DISTR      4.42      08/01/23     CNY      59.40
LUJIANG CITY CONSTRUCT      6.70      04/16/22     CNY      20.00
LUJIANG CITY CONSTRUCT      6.70      04/16/22     CNY      20.49
LUOYANG CITY COUNTRY C      4.28      04/26/23     CNY      39.78
LUOYANG CITY DEVELOPME      4.47      12/02/22     CNY      40.00
LUOYANG CITY DEVELOPME      4.47      12/02/22     CNY      40.27
LUZHOU FUYANG INVESTME      5.00      08/11/23     CNY      59.86
LUZHOU FUYANG INVESTME      5.00      08/11/23     CNY      59.87
LUZHOU XINGLU INVESTME      6.41      04/23/25     CNY      60.00
LUZHOU XINGLU INVESTME      6.41      04/23/25     CNY      63.40
LUZHOU XINGYANG INVEST      4.87      01/28/23     CNY      39.50
LUZHOU XINGYANG INVEST      4.87      01/28/23     CNY      39.64
MA'ANSHAN CIHU HIGH TE      6.85      09/09/21     CNY      20.07
MA'ANSHAN CIHU HIGH TE      6.85      09/09/21     CNY      23.00
MA'ANSHAN CIHU HIGH TE      3.90      11/28/23     CNY      59.08
MA'ANSHAN CIHU HIGH TE      3.90      11/28/23     CNY      60.40
MAANSHAN ECONOMIC TECH      6.49      03/06/22     CNY      20.22
MAANSHAN ECONOMIC TECH      6.49      03/06/22     CNY      24.99
MAANSHAN HUASHAN DISTR      6.07      04/20/22     CNY      20.12
MAANSHAN HUASHAN DISTR      6.07      04/20/22     CNY      20.45
MAANSHAN NINGBO INVEST      7.50      04/18/26     CNY      40.00
MAANSHAN SOUTHERN INDU      4.53      07/25/23     CNY      58.85
MAANSHAN SOUTHERN INDU      4.43      09/02/23     CNY      59.17
MAANSHAN SOUTHERN INDU      4.43      09/02/23     CNY      59.38
MAANSHAN SOUTHERN INDU      4.53      07/25/23     CNY      59.96
MEISHAN CITY DONGPO DE      5.90      06/30/23     CNY      38.69
MEISHAN CITY DONGPO DE      5.90      06/30/23     CNY      38.95
MEISHAN HONGDA CONSTRU      4.18      03/28/23     CNY      39.28
MEISHAN HONGDA CONSTRU      4.18      03/28/23     CNY      39.52
MEIZHOU CITY XIN JIN Y      6.02      04/22/22     CNY      20.33
MEIZHOU CITY XIN JIN Y      6.02      04/22/22     CNY      25.32
MEIZHOU MEI COUNTY DIS      5.00      12/30/22     CNY      39.78
MEIZHOU MEI COUNTY DIS      5.00      12/30/22     CNY      40.00
MUDANJIANG AREA URBAN       6.48      06/30/22     CNY      20.18
MUDANJIANG AREA URBAN       6.48      06/30/22     CNY      25.00
MUNICIPALITY OF SHENZH      3.00      03/29/22     CNY      20.00
MUNICIPALITY OF SHENZH      3.00      03/29/22     CNY      20.00
MUNICIPALITY OF SHENZH      3.37      03/29/26     CNY      69.66
MUNICIPALITY OF SHENZH      3.37      03/29/26     CNY      69.66
MUNICIPALITY OF SHENZH      3.37      03/29/26     CNY      70.20
MUNICIPALITY OF SHENZH      3.37      03/29/26     CNY      75.00
MUNICIPALITY OF SHENZH      3.37      03/29/26     CNY      75.00
NANCHANG ECONOMY TECHN      3.83      09/22/23     CNY      59.49
NANCHANG ECONOMY TECHN      3.83      09/22/23     CNY      60.23
NANCHONG AIRPORT INVES      6.80      01/26/22     CNY      19.58
NANCHONG AIRPORT INVES      6.80      01/26/22     CNY      20.15
NANCHONG JIALING DEVEL      7.80      12/12/24     CNY      75.00
NANJING BAIXIA STATE-O      3.98      03/29/23     CNY      40.18
NANJING BAIXIA STATE-O      3.98      03/29/23     CNY      40.35
NANJING HEXI NEW TOWN       3.20      07/22/21     CNY      40.02
NANJING JIANGNING ECON      7.94      04/14/24     CNY      48.20
NANJING JIANGNING URBA      3.48      11/11/23     CNY      59.40
NANJING JIANGNING URBA      3.48      11/11/23     CNY      59.67
NANJING JIANYE SCIENCE      4.37      06/24/23     CNY      40.25
NANJING JIANYE SCIENCE      4.37      06/24/23     CNY      40.38
NANJING LISHUI ECONOMI      6.27      09/22/21     CNY      20.04
NANJING LISHUI ECONOMI      6.27      09/22/21     CNY      21.29
NANJING LISHUI ECONOMI      3.41      11/09/23     CNY      59.52
NANJING LISHUI URBAN C      4.97      04/28/23     CNY      39.88
NANJING LISHUI URBAN C      4.97      04/28/23     CNY      39.88
NANJING METRO GROUP CO      3.29      08/29/23     CNY      59.98
NANJING QIXIA STATE-OW      4.10      06/24/23     CNY      39.71
NANJING QIXIA STATE-OW      4.10      06/24/23     CNY      40.41
NANJING STATE OWNED AS      5.60      03/06/23     CNY      30.48
NANNING HI-TECH INDUST      4.28      03/25/23     CNY      35.20
NANNING HI-TECH INDUST      4.28      03/25/23     CNY      39.89
NANNING HI-TECH INDUST      3.82      10/20/23     CNY      58.86
NANNING HI-TECH INDUST      3.82      10/20/23     CNY      59.08
NANPING CITY WUYI NEW       4.96      09/28/22     CNY      40.20
NANPING CITY WUYI NEW       4.96      09/28/22     CNY      40.30
NANTONG CHONGCHUAN URB      5.70      07/21/22     CNY      70.00
NANTONG CHONGCHUAN URB      5.70      07/21/22     CNY      70.84
NANTONG CITY TONGZHOU       3.75      07/07/23     CNY      39.86
NANTONG CITY TONGZHOU       3.75      07/07/23     CNY      40.00
NANTONG CITY TONGZHOU       4.88      04/10/24     CNY      60.90
NANTONG CITY XINGCHUAN      3.80      09/06/21     CNY      40.03
NANTONG CITY XINGCHUAN      3.80      09/06/21     CNY      40.04
NANTONG HIGH TECHNOLOG      5.00      10/19/22     CNY      40.19
NANTONG HIGH TECHNOLOG      5.00      10/19/22     CNY      41.52
NANTONG SUTONG SCIENCE      6.20      03/18/22     CNY      20.00
NANTONG SUTONG SCIENCE      6.20      03/18/22     CNY      20.36
NANYANG HIGH-TECH DIST      6.45      04/29/23     CNY      39.72
NANYANG HIGH-TECH DIST      6.45      04/29/23     CNY      40.64
NANZHANG COUNTY CONSTR      6.00      01/20/24     CNY      60.70
NANZHANG COUNTY CONSTR      6.00      01/20/24     CNY      61.05
NEIJIANG CITY XINGYUAN      4.28      08/16/23     CNY      59.08
NEIJIANG CITY XINGYUAN      4.28      08/16/23     CNY      59.26
NEIJIANG STATE-OWNED A      6.20      04/12/23     CNY      39.52
NEIJIANG STATE-OWNED A      6.20      04/12/23     CNY      40.39
NEIJINAG CONSTRUCTION       5.03      12/25/22     CNY      36.36
NEIJINAG CONSTRUCTION       5.03      12/25/22     CNY      39.20
NEOGLORY HOLDING GROUP      8.00      10/22/20     CNY      56.00
NEOGLORY HOLDING GROUP      8.00      09/25/20     CNY      60.00
NEOGLORY HOLDING GROUP      8.10      11/23/18     CNY      72.00
NINGBO CITY ZHENHAI IN      5.85      12/04/21     CNY      20.11
NINGBO CITY ZHENHAI IN      5.85      12/04/21     CNY      20.16
NINGBO FENGHUA INVESTM      4.58      03/28/22     CNY      50.12
NINGBO FENGHUA INVESTM      4.58      03/28/22     CNY      50.39
NINGBO MEISHAN ISLAND       6.27      03/23/22     CNY      20.21
NINGBO MEISHAN ISLAND       6.27      03/23/22     CNY      28.29
NINGXIA SHENG YAN INDU      7.50      09/27/23     CNY      42.45
NINGXIANG CITY CONSTRU      6.70      01/20/22     CNY      20.20
NINGXIANG CITY CONSTRU      6.70      01/20/22     CNY      20.20
NINGXIANG CITY CONSTRU      6.00      06/02/26     CNY      71.92
NINGXIANG CITY CONSTRU      6.00      06/02/26     CNY      72.67
NINGXIANG ECONOMIC TEC      3.87      01/27/23     CNY      39.92
NINGXIANG ECONOMIC TEC      3.87      01/27/23     CNY      40.00
NINGXIANG STATE-OWNED       4.89      06/03/23     CNY      39.71
NINGXIANG STATE-OWNED       4.89      06/03/23     CNY      39.78
NINGXIANG STATE-OWNED       3.88      11/02/23     CNY      59.07
NINGXIANG STATE-OWNED       3.88      11/02/23     CNY      59.13
ONE BELT ONE ROAD JIAN      4.70      07/15/23     CNY      60.42
ONE BELT ONE ROAD JIAN      4.70      07/15/23     CNY      60.43
PANJIN WATER GROUP CO       5.18      10/28/23     CNY      55.46
PANJIN WATER GROUP CO       5.18      10/28/23     CNY      59.94
PANSHAN COUNTY STATE-O      7.48      01/21/22     CNY      20.20
PANSHAN COUNTY STATE-O      7.48      01/21/22     CNY      20.21
PANZHIHUA STATE OWNED       8.18      03/13/22     CNY      20.40
PANZHIHUA STATE OWNED       8.18      03/13/22     CNY      20.45
PEIXIAN CITY INVESTMEN      5.20      11/10/22     CNY      40.00
PEIXIAN CITY INVESTMEN      5.20      11/10/22     CNY      40.13
PEKING UNIVERSITY FOUN      6.20      05/31/20     CNY      11.00
PEKING UNIVERSITY FOUN      6.15      07/23/20     CNY      11.00
PEKING UNIVERSITY FOUN      6.30      09/12/20     CNY      11.00
PEKING UNIVERSITY FOUN      4.80      07/26/21     CNY      11.00
PEKING UNIVERSITY FOUN      6.10      08/22/21     CNY      11.00
PEKING UNIVERSITY FOUN      5.99      11/02/21     CNY      11.00
PEKING UNIVERSITY FOUN      5.80      01/28/22     CNY      11.00
PEKING UNIVERSITY FOUN      6.68      08/09/23     CNY      11.00
PEKING UNIVERSITY FOUN      6.50      11/16/23     CNY      11.00
PEKING UNIVERSITY FOUN      6.30      03/04/24     CNY      11.00
PENGZHOU STATE-PENGZHO      3.95      10/20/23     CNY      57.51
PENGZHOU STATE-PENGZHO      3.95      10/20/23     CNY      58.92
PINGHU CITY INVESTMENT      5.13      04/29/23     CNY      40.39
PINGHU CITY INVESTMENT      5.13      04/29/23     CNY      40.66
PINGJIANG COUNTY WATER      6.64      06/27/26     CNY      70.05
PINGLIANG CULTURAL & T      6.85      11/30/22     CNY      36.00
PINGLIANG CULTURAL & T      6.85      11/30/22     CNY      40.49
PINGTAN COMPREHENSIVE       3.92      01/29/23     CNY      40.60
PINGXIANG CHANGXING IN      5.26      04/11/23     CNY      39.41
PINGXIANG CHANGXING IN      5.26      04/11/23     CNY      40.28
PINGXIANG HUIFENG INVE      6.60      01/26/22     CNY      19.92
PINGXIANG HUIFENG INVE      6.60      01/26/22     CNY      20.54
PINGYANG STATE-OWNED A      4.97      01/08/23     CNY      40.00
PINGYANG STATE-OWNED A      4.97      01/08/23     CNY      40.43
PIZHOU CITY HENGRUN IN      6.46      12/05/21     CNY      20.19
PIZHOU CITY HENGRUN IN      6.46      12/05/21     CNY      22.46
PIZHOU ECONOMIC DEVELO      5.00      10/29/22     CNY      39.54
PIZHOU ECONOMIC DEVELO      5.00      10/29/22     CNY      40.00
PUTIAN HIGH TECHNOLOGY      5.90      05/03/22     CNY      25.13
PUTIAN HIGH TECHNOLOGY      5.90      05/03/22     CNY      25.16
QIANAN URBAN CONSTRUCT      7.19      08/11/21     CNY      20.00
QIANAN URBAN CONSTRUCT      7.19      08/11/21     CNY      20.04
QIANAN XINGYUAN WATER       6.25      04/22/22     CNY      20.30
QIANAN XINGYUAN WATER       6.25      04/22/22     CNY      20.40
QIANDONGNAN TRANSPORTA      5.79      12/21/22     CNY      38.28
QIANDONGNANZHOU KAIHON      5.30      09/22/26     CNY      65.69
QIANDONGNANZHOU KAIHON      5.30      09/22/26     CNY      70.56
QIANJIANG URBAN CONSTR      5.19      12/21/22     CNY      39.81
QIANJIANG URBAN CONSTR      5.19      12/21/22     CNY      40.00
QIANNAN AUTONOMOUS PRE      6.99      04/19/24     CNY      58.60
QIANNAN AUTONOMOUS PRE      6.99      04/19/24     CNY      59.30
QIANNAN AUTONOMOUS PRE      6.98      07/06/24     CNY      61.96
QIANNAN AUTONOMOUS PRE      6.98      07/06/24     CNY      61.97
QIANNANZHOU INVESTMENT      6.43      03/09/22     CNY      18.89
QIANNANZHOU INVESTMENT      6.43      03/09/22     CNY      19.02
QIANNANZHOU INVESTMENT      6.77      07/28/24     CNY      69.79
QIANXINAN AUTONOMOUS R      5.90      06/22/23     CNY      39.47
QIANXINAN AUTONOMOUS R      5.90      06/22/23     CNY      40.25
QICHUN COUNTY CONSTRUC      4.96      10/18/23     CNY      58.30
QICHUN COUNTY CONSTRUC      4.96      10/18/23     CNY      59.16
QIDONG COMMUNICATIONS       4.00      03/18/23     CNY      39.97
QIDONG COMMUNICATIONS       4.00      03/18/23     CNY      40.00
QIDONG STATE-OWNED ASS      7.30      11/20/22     CNY      30.70
QIDONG STATE-OWNED ASS      7.30      11/20/22     CNY      30.95
QIDONG STATE-OWNED ASS      4.00      03/09/23     CNY      40.24
QIDONG STATE-OWNED ASS      4.00      03/09/23     CNY      40.28
QIHE CITY OPERATION CO      5.10      03/07/23     CNY      39.82
QIHE CITY OPERATION CO      5.10      03/07/23     CNY      39.87
QINGDAO CHANGYANG INVE      3.73      09/12/23     CNY      58.89
QINGDAO CHANGYANG INVE      3.73      09/12/23     CNY      59.59
QINGDAO CONSON DEVELOP      6.40      12/12/22     CNY      30.71
QINGDAO CONSON DEVELOP      6.40      12/12/22     CNY      31.05
QINGDAO JIAOZHOU BAY D      6.33      09/18/21     CNY      20.11
QINGDAO JIAOZHOU BAY D      6.33      09/18/21     CNY      21.30
QINGDAO JIMO CITY TOUR      5.47      11/17/21     CNY      20.08
QINGDAO JIMO CITY TOUR      5.47      11/17/21     CNY      20.25
QINGDAO JIMO CITY TOUR      5.35      07/10/24     CNY      61.85
QINGDAO OCEAN INVESTME      4.36      05/12/23     CNY      40.19
QINGDAO OCEAN INVESTME      4.36      05/12/23     CNY      40.39
QINGDAO WEST COAST DEV      4.26      06/06/23     CNY      39.56
QINGDAO WEST COAST DEV      4.26      06/06/23     CNY      40.12
QINGHAI PROVINCIAL INV      7.25      02/22/20     USD      28.11
QINGHAI PROVINCIAL INV      7.88      03/22/21     USD      30.26
QINGHAI PROVINCIAL INV      6.40      07/10/21     USD      33.44
QINGHAI STATE-OWNED AS      5.40      05/21/23     CNY      50.90
QINGHAI STATE-OWNED AS      5.90      12/17/22     CNY      53.10
QINGHAI STATE-OWNED AS      6.38      08/14/28     CNY      55.00
QINGHAI STATE-OWNED AS      7.20      11/25/28     CNY      55.00
QINGHAI STATE-OWNED AS      6.70      10/10/29     CNY      55.00
QINHUANGDAO CITY DEVEL      4.69      04/14/23     CNY      39.68
QINHUANGDAO CITY DEVEL      4.69      04/14/23     CNY      40.48
QINHUANGDAO DEVELOPMEN      4.07      08/26/23     CNY      58.51
QINHUANGDAO DEVELOPMEN      4.07      08/26/23     CNY      59.16
QIONGLAI CITY CONSTRUC      6.98      03/25/22     CNY      20.22
QIONGLAI CITY CONSTRUC      6.98      03/25/22     CNY      20.80
QUANJIAO URBAN INFRAST      5.10      05/18/23     CNY      39.92
QUANJIAO URBAN INFRAST      5.10      05/18/23     CNY      39.92
QUJING CITY QILIN DIST      5.37      11/26/22     CNY      39.97
QUJING CITY QILIN DIST      5.37      11/26/22     CNY      41.95
QUJING ECO TECH DEVELO      7.48      07/21/21     CNY      19.92
QUJING ECO TECH DEVELO      7.48      07/21/21     CNY      20.01
QUJING ECO TECH DEVELO      5.75      06/01/23     CNY      39.24
QUJING ECO TECH DEVELO      5.75      06/01/23     CNY      40.19
RENHUAI CITY DEVELOPME      5.12      04/14/23     CNY      38.80
RENHUAI CITY DEVELOPME      5.12      04/14/23     CNY      38.80
RENQIU CONSTRUCTION IN      5.68      11/18/22     CNY      40.30
RENQIU CONSTRUCTION IN      5.68      11/18/22     CNY      40.82
RENSHOU DEVELOPMENT OF      6.42      12/22/22     CNY      38.00
RENSHOU DEVELOPMENT OF      6.42      12/22/22     CNY      39.76
REWARD SCIENCE AND TEC      5.53      07/05/21     CNY      29.10
REWARD SCIENCE AND TEC      6.40      03/03/22     CNY      70.00
RIGHT WAY REAL ESTATE       8.00      07/15/21     CNY      43.89
RIZHAO CITY CONSTRUCTI      3.98      12/07/22     CNY      39.93
RUCHENG COUNTY URBAN C      5.69      02/23/24     CNY      71.73
RUCHENG COUNTY URBAN C      5.69      02/23/24     CNY      71.74
RUDONG COUNTY JINXIN T      3.80      07/26/23     CNY      59.78
RUDONG COUNTY JINXIN T      4.57      07/26/23     CNY      59.81
RUDONG COUNTY JINXIN T      3.80      07/26/23     CNY      60.01
RUDONG COUNTY JINXIN T      4.57      07/26/23     CNY      60.31
RUDONG COUNTY KAITAI C      4.57      01/08/23     CNY      40.26
RUDONG NEW WORLD INVES      4.37      07/18/23     CNY      59.25
RUDONG NEW WORLD INVES      4.37      07/18/23     CNY      59.46
RUGAO COMMUNICATIONS C      3.74      03/23/23     CNY      39.82
RUGAO COMMUNICATIONS C      3.74      03/23/23     CNY      40.14
RUGAO ECONOMIC & TRADE      3.95      03/24/23     CNY      39.77
RUGAO ECONOMIC & TRADE      3.95      03/24/23     CNY      39.78
RUIAN STATE OWNED ASSE      4.56      01/27/23     CNY      39.73
RUIAN STATE OWNED ASSE      4.56      01/27/23     CNY      40.53
RUICHANG CITY INVESTME      5.50      06/17/23     CNY      39.59
RUICHANG CITY INVESTME      5.68      03/25/23     CNY      39.71
RUICHANG CITY INVESTME      5.50      06/17/23     CNY      40.18
RUICHANG CITY INVESTME      5.68      03/25/23     CNY      40.21
RUIJIN URBAN DEVELOPME      4.13      09/06/23     CNY      59.12
RUIJIN URBAN DEVELOPME      4.13      09/06/23     CNY      59.13
RUZHOU CITY XINYUAN IN      6.30      09/16/21     CNY      24.75
RUZHOU CITY XINYUAN IN      6.30      09/16/21     CNY      25.05
RUZHOU CITY XINYUAN IN      4.43      09/26/23     CNY      57.18
RUZHOU CITY XINYUAN IN      4.43      09/26/23     CNY      57.21
SANMEN COUNTY STATE-OW      6.85      10/29/21     CNY      20.00
SANMEN COUNTY STATE-OW      6.80      03/18/22     CNY      20.00
SANMEN COUNTY STATE-OW      6.85      10/29/21     CNY      20.12
SANMEN COUNTY STATE-OW      6.80      03/18/22     CNY      20.25
SANMING STATE-OWNED AS      5.10      04/17/24     CNY      61.28
SANMING TRANSPORTATION      3.68      03/29/23     CNY      40.02
SHAANXI ANKANG HIGH TE      8.78      09/17/21     CNY      20.16
SHAANXI ANKANG HIGH TE      8.78      09/17/21     CNY      27.00
SHAANXI XIXIAN NEW ARE      5.10      06/06/23     CNY      39.62
SHAANXI XIXIAN NEW ARE      5.10      06/06/23     CNY      39.62
SHAANXI XIXIAN NEW ARE      6.85      08/15/21     CNY      20.04
SHAANXI XIXIAN NEW ARE      6.85      08/15/21     CNY      20.05
SHAANXI XIXIAN NEW ARE      6.89      01/05/22     CNY      19.50
SHAANXI XIXIAN NEW ARE      6.89      01/05/22     CNY      20.18
SHAANXI XIXIAN NEW ARE      5.15      11/27/22     CNY      40.05
SHAANXI XIXIAN NEW ARE      5.15      11/27/22     CNY      41.01
SHANDONG BORUN INDUSTR      6.50      11/02/21     CNY      33.39
SHANDONG BOXING COUNTY      8.00      12/22/21     CNY      20.36
SHANDONG BOXING COUNTY      8.00      12/22/21     CNY      20.50
SHANDONG CENTURY SUNSH      8.19      07/21/21     CNY      20.01
SHANDONG CENTURY SUNSH      8.19      07/21/21     CNY      20.02
SHANDONG FUYU CHEMICAL      7.70      09/18/22     CNY      70.00
SHANDONG GAOCHUANG CON      6.05      06/18/22     CNY      20.26
SHANDONG GAOCHUANG CON      6.05      06/18/22     CNY      22.45
SHANDONG RUYI TECHNOLO      7.90      09/18/23     CNY      52.10
SHANDONG SNTON GROUP C      5.18      09/08/21     CNY       8.52
SHANDONG TENGJIAN INVE      6.00      06/08/22     CNY      20.00
SHANDONG TENGJIAN INVE      6.00      06/08/22     CNY      20.16
SHANDONG WANTONG PETRO      7.97      11/29/21     CNY       0.20
SHANGHAI MINHANG URBAN      5.63      04/20/22     CNY      20.32
SHANGHAI MINHANG URBAN      5.63      04/20/22     CNY      20.48
SHANGHAI MUNICIPAL INV      4.80      11/05/24     CNY      61.05
SHANGHAI MUNICIPAL INV      4.80      11/05/24     CNY      61.46
SHANGHAI NANHUI URBAN       6.04      08/20/21     CNY      20.07
SHANGHAI NANHUI URBAN       6.04      08/20/21     CNY      20.15
SHANGHAI URBAN CONSTRU      3.50      01/06/23     CNY      39.78
SHANGHAI URBAN CONSTRU      3.50      01/06/23     CNY      40.03
SHANGRAO CITY STATE-OW      4.65      01/29/23     CNY      40.19
SHANGRAO CITY STATE-OW      4.65      01/29/23     CNY      40.40
SHANTOU CITY CONSTRUCT      8.57      03/23/22     CNY      15.52
SHANTOU INVESTMENT HOL      7.99      03/04/24     CNY      48.04
SHANXI XIANG KUANG GRO      8.80      02/11/22     CNY      24.50
SHANXI XIANG KUANG GRO      8.80      02/11/22     CNY      40.85
SHAODONG NEW AREA DEVE      7.10      04/19/24     CNY      62.20
SHAODONG NEW AREA DEVE      7.10      04/19/24     CNY      62.21
SHAOGUAN URBAN INVESTM      3.67      10/25/24     CNY      68.34
SHAOGUAN URBAN INVESTM      3.67      10/25/24     CNY      69.17
SHAOWU URBAN CONSTRUCT      5.88      09/11/22     CNY      40.01
SHAOWU URBAN CONSTRUCT      5.88      09/11/22     CNY      43.39
SHAOXING CHENGZHONGCUN      6.09      04/27/22     CNY      20.39
SHAOXING CHENGZHONGCUN      6.09      04/27/22     CNY      20.43
SHAOXING CITY INVESTME      5.75      04/17/22     CNY      20.27
SHAOXING CITY INVESTME      5.75      04/17/22     CNY      28.00
SHAOXING CITY KEQIAO D      6.40      08/20/21     CNY      20.08
SHAOXING JINGHU NEW DI      6.13      04/30/22     CNY      20.47
SHAOXING JINGHU NEW DI      6.13      04/30/22     CNY      20.53
SHAOXING KEQIAO CITY C      3.64      09/19/23     CNY      59.93
SHAOXING KEQIAO CITY C      3.64      09/19/23     CNY      59.97
SHAOXING KEQIAO ECONOM      7.00      12/10/21     CNY      20.00
SHAOXING KEQIAO ECONOM      7.00      12/10/21     CNY      20.20
SHAOXING KEYAN CONSTRU      6.28      03/24/22     CNY      20.00
SHAOXING KEYAN CONSTRU      6.28      03/24/22     CNY      20.37
SHAOXING SHANGYU ECONO      4.76      04/11/23     CNY      39.85
SHAOXING SHANGYU ECONO      4.76      04/11/23     CNY      40.36
SHAOXING SHANGYU URBAN      6.80      08/07/21     CNY      20.04
SHAOXING SHANGYU URBAN      6.80      08/07/21     CNY      21.15
SHAOYANG BAOQING INDUS      5.78      07/04/26     CNY      70.43
SHAOYANG DULIANG INVES      5.50      04/13/23     CNY      39.43
SHAOYANG DULIANG INVES      5.50      04/13/23     CNY      40.05
SHENGZHOU INVESTMENT H      7.60      07/17/21     CNY      20.01
SHENGZHOU INVESTMENT H      7.60      07/17/21     CNY      20.59
SHENYANG DADONG STATE-      6.05      03/20/22     CNY      20.00
SHENYANG DADONG STATE-      6.05      03/20/22     CNY      20.18
SHENYANG ECONOMIC AFFO      7.17      04/29/22     CNY      20.13
SHENYANG ECONOMIC AFFO      7.17      04/29/22     CNY      20.39
SHENYANG TIEXI STATE-O      6.00      01/14/22     CNY      20.19
SHENYANG TIEXI STATE-O      6.00      01/14/22     CNY      27.50
SHENZHEN METRO GROUP C      5.40      03/25/23     CNY      30.44
SHENZHEN METRO GROUP C      6.75      01/24/24     CNY      46.68
SHIJIAZHUANG HUTUO NEW      5.28      12/24/25     CNY      55.00
SHIJIAZHUANG HUTUO NEW      5.28      12/24/25     CNY      55.70
SHIJIAZHUANG STATE-OWN      5.75      04/09/22     CNY      20.21
SHIJIAZHUANG STATE-OWN      5.75      04/09/22     CNY      27.20
SHISHI CITY CONSTRUCTI      6.10      05/04/22     CNY      20.45
SHISHOU BOYA CITY CONS      6.98      06/15/24     CNY      61.90
SHIYAN ECO DEVELOPMENT      3.98      08/05/23     CNY      59.68
SHIYAN ECO DEVELOPMENT      3.98      08/05/23     CNY      59.90
SHIYAN STATE-OWNED CAP      6.58      08/20/21     CNY      20.09
SHIYAN STATE-OWNED CAP      6.58      08/20/21     CNY      20.29
SHIYAN STATE-OWNED CAP      4.88      01/11/26     CNY      70.98
SHIYAN STATE-OWNED CAP      4.88      01/11/26     CNY      71.04
SHIYAN YUNYANG INVESTM      6.40      07/10/24     CNY      61.33
SHIZHU TUJIA HONGSHENG      7.00      11/13/24     CNY      64.00
SHUCHENG COUNTY URBAN       5.50      04/29/23     CNY      40.70
SHUCHENG COUNTY URBAN       5.50      04/29/23     CNY      40.71
SHUYANG JINGYUAN ASSET      5.49      09/11/22     CNY      39.50
SHUYANG JINGYUAN ASSET      5.49      09/11/22     CNY      40.14
SICHUAN COAL GASIFICAT      7.00      04/18/23     CNY      40.58
SICHUAN COAL INDUSTRY       7.70      01/09/18     CNY      45.00
SICHUAN LANGUANG DEVEL      7.15      03/16/23     CNY      24.00
SICHUAN LANGUANG DEVEL      7.40      09/14/21     CNY      30.45
SICHUAN LANGUANG DEVEL      7.50      07/11/21     CNY      33.40
SICHUAN LANGUANG DEVEL      7.50      07/23/22     CNY      42.00
SICHUAN LANGUANG DEVEL      6.50      07/29/21     CNY      47.50
SICHUAN LANGUANG DEVEL      7.00      09/29/22     CNY      47.50
SICHUAN LANGUANG DEVEL      7.00      10/26/22     CNY      47.50
SICHUAN LANGUANG DEVEL      7.50      11/22/22     CNY      47.50
SICHUAN LANGUANG DEVEL      7.20      03/11/23     CNY      47.50
SICHUAN LANGUANG DEVEL      7.20      05/11/23     CNY      47.50
SICHUAN LANGUANG DEVEL      7.50      08/12/21     CNY      50.00
SICHUAN LANGZHONG FAMO      5.60      04/19/23     CNY      39.54
SICHUAN LANGZHONG FAMO      5.60      04/19/23     CNY      40.16
SICHUAN LONGYANG TIANF      5.45      05/27/23     CNY      39.74
SICHUAN LONGYANG TIANF      5.45      05/27/23     CNY      39.81
SICHUAN NAXING INDUSTR      7.17      09/11/21     CNY      20.00
SICHUAN NAXING INDUSTR      7.17      09/11/21     CNY      20.05
SICHUAN NAXING INDUSTR      4.68      03/31/23     CNY      38.92
SICHUAN NAXING INDUSTR      4.68      03/31/23     CNY      39.50
SICHUAN NAXING INDUSTR      6.80      08/18/22     CNY      50.00
SICHUAN NAXING INDUSTR      6.80      08/18/22     CNY      50.36
SICHUAN QINBA NEWCITY       6.68      07/07/24     CNY      58.52
SICHUAN QINBA NEWCITY       6.68      07/07/24     CNY      60.00
SICHUAN RENSHOU XINLON      7.00      06/27/24     CNY      61.21
SICHUAN RENSHOU XINLON      7.00      06/27/24     CNY      61.80
SICHUAN TIANYIN INDUST      6.79      03/25/22     CNY      20.11
SICHUAN TIANYIN INDUST      6.79      03/25/22     CNY      28.00
SIHONG COUNTY HONG YUA      6.15      03/16/22     CNY      20.12
SIHONG COUNTY HONG YUA      6.15      03/16/22     CNY      20.35
SIHUI STATE OWNED ASSE      4.59      01/14/23     CNY      39.22
SIHUI STATE OWNED ASSE      4.59      01/14/23     CNY      40.18
SIYANG COUNTY MINKANG       4.94      01/21/23     CNY      40.32
SIYANG COUNTY MINKANG       4.94      01/21/23     CNY      40.56
SONGYUAN URBAN DEVELOP      5.79      12/04/21     CNY      19.95
SONGYUAN URBAN DEVELOP      5.79      12/04/21     CNY      20.78
SUINING COUNTY RUNQI I      5.42      11/20/22     CNY      39.89
SUINING COUNTY RUNQI I      5.42      11/20/22     CNY      40.00
SUINING FUYUAN INDUSTR      6.39      03/17/22     CNY      19.63
SUINING FUYUAN INDUSTR      6.39      03/17/22     CNY      24.18
SUINING FUYUAN INDUSTR      5.34      12/02/23     CNY      57.18
SUINING FUYUAN INDUSTR      5.34      12/02/23     CNY      59.91
SUINING KAIDA INVESTME      4.89      04/08/23     CNY      38.56
SUINING KAIDA INVESTME      4.89      04/08/23     CNY      38.59
SUINING ROUGANG INVEST      5.65      01/24/24     CNY      59.87
SUINING TIANTAI INDUST      5.98      03/28/24     CNY      60.72
SUINING TIANTAI INDUST      5.98      03/28/24     CNY      60.73
SUIZHOU DEVELOPMENT IN      5.70      04/07/24     CNY      60.31
SUIZHOU DEVELOPMENT IN      5.70      04/07/24     CNY      60.52
SUIZHOU HIGH-TECH INDU      4.47      03/25/23     CNY      39.57
SUIZHOU HIGH-TECH INDU      4.47      03/25/23     CNY      39.77
SUIZHOU URBAN CONSTRUC      7.18      09/02/21     CNY      20.06
SUIZHOU URBAN CONSTRUC      7.18      09/02/21     CNY      21.20
SUIZHOU YULONG WATER S      6.10      03/28/23     CNY      43.20
SUQIAN CITY CONSTRUCTI      5.30      07/11/24     CNY      61.16
SUQIAN ECONOMIC DEVELO      5.40      04/20/24     CNY      61.46
SUQIAN ECONOMIC DEVELO      5.40      04/20/24     CNY      61.88
SUQIAN YUFENG ASSET MA      5.50      04/21/24     CNY      62.01
SUQIAN YUFENG ASSET MA      5.50      04/21/24     CNY      64.26
SUZHOU CITY CONSTRUCTI      3.89      03/24/23     CNY      40.02
SUZHOU CITY CONSTRUCTI      3.89      03/24/23     CNY      40.11
SUZHOU CITY HENGCHENG       4.40      03/01/23     CNY      40.28
SUZHOU CITY HENGCHENG       4.40      03/01/23     CNY      40.29
SUZHOU NEW & HIGH-TECH      4.18      03/23/23     CNY      40.08
SUZHOU NEW & HIGH-TECH      4.18      03/23/23     CNY      40.29
SUZHOU SND GROUP CO LT      6.20      07/22/21     CNY      20.01
SUZHOU SND GROUP CO LT      6.20      07/22/21     CNY      20.03
SUZHOU WUJIANG COMMUNI      3.75      05/26/23     CNY      52.69
SUZHOU WUJIANG DISTRIC      5.25      07/08/22     CNY      40.44
TAIAN TAISHAN HOLDINGS      5.50      04/26/23     CNY      40.06
TAIAN TAISHAN HOLDINGS      5.50      04/26/23     CNY      40.28
TAICANG SCIENCE EDUCAT      5.54      08/28/22     CNY      40.84
TAICANG SCIENCE EDUCAT      5.54      08/28/22     CNY      44.60
TAIXING HONGQIAO PARK       5.03      10/29/22     CNY      39.60
TAIXING HONGQIAO PARK       5.03      10/29/22     CNY      39.68
TAIZHOU CITY CONSTRUCT      6.92      10/16/23     CNY      46.84
TAIZHOU GAOGANG HI-TEC      5.54      06/22/24     CNY      61.65
TAIZHOU GAOGANG HI-TEC      5.54      06/22/24     CNY      63.70
TAIZHOU HAILING CITY D      4.60      12/14/22     CNY      39.99
TAIZHOU HAILING CITY D      4.60      12/14/22     CNY      40.22
TAIZHOU JIAOJIANG STAT      6.18      07/06/22     CNY      20.56
TAIZHOU JIAOJIANG STAT      6.18      07/06/22     CNY      24.00
TAIZHOU JINDONG URBAN       5.10      06/02/23     CNY      39.71
TAIZHOU JINDONG URBAN       5.10      06/02/23     CNY      39.81
TAIZHOU XINTAI GROUP C      4.07      03/23/23     CNY      39.69
TAIZHOU XINTAI GROUP C      4.07      03/23/23     CNY      39.73
TIANCHANG CITY CONSTRU      4.99      12/05/23     CNY      56.41
TIANCHANG CITY CONSTRU      4.99      12/05/23     CNY      59.78
TIANJIN BEICHEN TECHNO      6.87      08/20/21     CNY      19.96
TIANJIN BEICHEN TECHNO      6.87      08/20/21     CNY      27.00
TIANJIN BINHAI NEW ARE      6.10      11/23/21     CNY      24.00
TIANJIN BOHAI STATE-OW      3.82      04/18/23     CNY      36.29
TIANJIN BOHAI STATE-OW      3.82      04/18/23     CNY      39.29
TIANJIN BOHAI STATE-OW      4.10      04/18/26     CNY      64.28
TIANJIN BOHAI STATE-OW      4.10      04/18/26     CNY      70.00
TIANJIN DONGFANG CAIXI      5.19      01/29/22     CNY      16.65
TIANJIN DONGFANG CAIXI      5.19      01/29/22     CNY      19.94
TIANJIN DONGLI CITY IN      4.28      12/02/22     CNY      40.19
TIANJIN ECONOMIC TECHN      6.50      12/03/22     CNY      29.92
TIANJIN ECONOMIC TECHN      6.50      12/03/22     CNY      30.54
TIANJIN GUANGCHENG INV      6.97      02/22/23     CNY      28.60
TIANJIN HARBOR CONSTRU      6.29      10/21/21     CNY      40.13
TIANJIN HUANCHENG URBA      5.75      04/27/22     CNY      20.00
TIANJIN HUANCHENG URBA      5.75      04/27/22     CNY      20.50
TIANJIN INFRASTRUCTURE      5.70      02/26/23     CNY      24.22
TIANJIN INFRASTRUCTURE      5.70      02/26/23     CNY      30.51
TIANJIN INFRASTRUCTURE      4.22      10/15/26     CNY      73.11
TIANJIN INFRASTRUCTURE      3.95      09/14/32     CNY      73.50
TIANJIN INFRASTRUCTURE      3.30      08/02/32     CNY      73.68
TIANJIN INFRASTRUCTURE      5.00      10/26/23     CNY      74.14
TIANJIN INFRASTRUCTURE      4.20      09/03/23     CNY      74.20
TIANJIN INFRASTRUCTURE      3.99      08/10/23     CNY      74.53
TIANJIN INFRASTRUCTURE      4.64      05/21/29     CNY      98.50
TIANJIN METRO GROUP CO      4.27      10/16/25     CNY      69.17
TIANJIN METRO GROUP CO      4.27      10/16/25     CNY      74.00
TIANJIN NINGHE INVESTM      5.50      04/22/23     CNY      38.64
TIANJIN NINGHE INVESTM      5.50      04/22/23     CNY      40.16
TIANJIN RAILWAY CONSTR      5.58      04/13/25     CNY      60.47
TIANJIN RAILWAY CONSTR      5.58      04/13/25     CNY      64.40
TIANJIN REAL ESTATE GR      4.50      09/29/20     USD      73.75
TIANJIN WATER INVESTME      6.60      07/28/21     CNY      19.95
TIANJIN WATER INVESTME      6.60      07/28/21     CNY      21.80
TIANJIN WUQING ECONOMI      6.65      09/12/21     CNY      19.53
TIANJIN WUQING ECONOMI      6.65      09/12/21     CNY      19.99
TIANJIN WUQING STATE-O      4.15      11/17/22     CNY      39.91
TIANJIN WUQING STATE-O      4.15      11/17/22     CNY      40.00
TIANMEN CITY CONSTRUCT      8.20      08/28/21     CNY      20.10
TIANMEN CITY CONSTRUCT      8.20      08/28/21     CNY      25.16
TIANMEN CITY CONSTRUCT      3.98      11/15/23     CNY      58.28
TIANMEN CITY CONSTRUCT      3.98      11/15/23     CNY      59.80
TONGLING CONSTRUCTION       4.12      03/14/23     CNY      40.00
TONGLING CONSTRUCTION       4.12      03/14/23     CNY      40.14
TSINGHUA HOLDINGS CORP      4.95      08/08/22     CNY      36.40
TSINGHUA HOLDINGS CORP      3.15      10/25/21     CNY      48.64
TSINGHUA HOLDINGS CORP      5.30      03/26/23     CNY      57.10
TSINGHUA HOLDINGS CORP      4.10      08/24/21     CNY      66.77
TSINGHUA UNIGROUP CO L      5.20      12/10/23     CNY      11.65
TSINGHUA UNIGROUP CO L      5.11      01/25/24     CNY      13.00
TSINGHUA UNIGROUP CO L      4.94      03/25/22     CNY      16.55
TSINGHUA UNIGROUP CO L      5.85      03/27/22     CNY      16.88
TSINGHUA UNIGROUP CO L      5.60      11/15/20     CNY      26.63
TSINGHUA UNIGROUP CO L      6.20      03/16/21     CNY      26.63
TSINGHUA UNIGROUP CO L      6.15      12/26/21     CNY      26.63
TSINGHUA UNIGROUP CO L      6.00      08/14/22     CNY      26.63
TULUFAN DISTRICT STATE      6.20      03/19/22     CNY      20.26
TULUFAN DISTRICT STATE      6.20      03/19/22     CNY      20.39
TUNGHSU GROUP CO LTD        6.55      03/13/22     CNY      45.00
ULANQAB CITY INVESTMEN      8.39      04/25/22     CNY      25.54
URUMQI ECO&TECH DEVELO      6.40      04/13/22     CNY      20.00
URUMQI ECO&TECH DEVELO      6.40      04/13/22     CNY      20.19
WANGCHENG ECONOMIC DEV      6.57      01/22/22     CNY      20.34
WANGCHENG ECONOMIC DEV      6.57      01/22/22     CNY      28.81
WANGCHENG ECONOMIC DEV      3.75      07/13/23     CNY      39.44
WANGCHENG ECONOMIC DEV      3.75      07/13/23     CNY      61.05
WEIHAI CITY SHUANGDAO       5.32      04/28/24     CNY      61.84
WEIHAI LANCHUANG CONST      4.80      12/17/22     CNY      39.39
WEIHAI LANCHUANG CONST      4.80      12/17/22     CNY      39.62
WEIHAI URBAN CONSTRUCT      3.33      03/02/23     CNY      38.40
WEIHAI URBAN CONSTRUCT      3.33      03/02/23     CNY      39.95
WEIHAI WENDENG DISTRIC      3.64      10/26/23     CNY      58.85
WEIHAI WENDENG DISTRIC      3.64      10/26/23     CNY      59.01
WEIHAI WENDENG URBAN P      4.80      05/26/23     CNY      39.65
WEIHAI WENDENG URBAN P      4.80      05/26/23     CNY      39.69
WEINAN CITY INVESTMENT      6.09      03/11/22     CNY      20.00
WEINAN CITY INVESTMENT      6.09      03/11/22     CNY      20.22
WENDENG GOLDEN BEACH I      3.97      03/21/23     CNY      39.42
WENDENG GOLDEN BEACH I      3.97      03/21/23     CNY      39.43
WENSHAN URBAN CONSTRUC      4.50      09/13/23     CNY      57.34
WENSHAN URBAN CONSTRUC      4.50      09/13/23     CNY      59.42
WENZHOU CITY CONSTRUCT      4.05      01/25/23     CNY      40.34
WENZHOU CITY CONSTRUCT      4.05      01/25/23     CNY      40.37
WENZHOU CITY CONSTRUCT      5.00      04/26/23     CNY      40.88
WENZHOU CITY CONSTRUCT      5.00      04/26/23     CNY      40.94
WENZHOU GANGCHENG DEVE      5.19      03/29/23     CNY      40.42
WENZHOU GANGCHENG DEVE      5.19      03/29/23     CNY      40.43
WENZHOU LUCHENG CITY D      5.58      11/03/21     CNY      20.15
WENZHOU LUCHENG CITY D      5.58      11/03/21     CNY      20.17
WENZHOU OUHAI NEW CITY      3.98      10/26/23     CNY      60.20
WENZHOU OUHAI NEW CITY      3.98      10/26/23     CNY      60.20
WINTIME ENERGY CO LTD       7.00      07/05/18     CNY      43.63
WINTIME ENERGY CO LTD       7.30      08/06/18     CNY      43.63
WINTIME ENERGY CO LTD       7.00      08/25/18     CNY      43.63
WINTIME ENERGY CO LTD       6.78      10/23/18     CNY      43.63
WINTIME ENERGY CO LTD       7.00      12/15/18     CNY      43.63
WINTIME ENERGY CO LTD       7.00      03/19/19     CNY      43.63
WINTIME ENERGY CO LTD       7.00      04/26/19     CNY      43.63
WINTIME ENERGY CO LTD       7.70      11/15/20     CNY      43.63
WINTIME ENERGY CO LTD       7.50      11/16/20     CNY      43.63
WINTIME ENERGY CO LTD       7.50      12/06/20     CNY      43.63
WINTIME ENERGY CO LTD       7.90      12/22/20     CNY      43.63
WINTIME ENERGY CO LTD       7.90      03/29/21     CNY      43.63
WINTIME ENERGY CO LTD       7.50      04/04/21     CNY      43.63
WINTIME ENERGY CO LTD       4.75      07/07/22     CNY      43.63
WUHAN CITY HUANPI DIST      6.43      09/17/21     CNY      20.12
WUHAN CITY HUANPI DIST      6.43      09/17/21     CNY      24.00
WUHAN CITY HUANPI DIST      5.48      04/19/24     CNY      61.67
WUHAN CITY HUANPI DIST      5.48      04/19/24     CNY      61.75
WUHAN JIANGXIA URBAN C      4.80      06/03/23     CNY      40.10
WUHAN JIANGXIA URBAN C      4.80      06/03/23     CNY      40.32
WUHAN METRO GROUP CO L      5.25      04/14/22     CNY      20.18
WUHAN METRO GROUP CO L      5.25      04/14/22     CNY      20.36
WUHAN QIAOKOU STATE OW      3.48      08/29/23     CNY      58.93
WUHAN QIAOKOU STATE OW      3.48      08/29/23     CNY      59.76
WUHAN URBAN CONSTRUCTI      4.99      06/15/24     CNY      75.00
WUHU COMMUNICATIONS IN      4.50      04/28/23     CNY      39.72
WUHU COMMUNICATIONS IN      4.50      04/28/23     CNY      40.20
WUHU COMMUNICATIONS IN      3.58      09/23/23     CNY      59.00
WUHU COMMUNICATIONS IN      3.58      09/23/23     CNY      59.99
WUHU COUNTY CONSTRUCTI      6.60      12/08/21     CNY      20.26
WUHU COUNTY CONSTRUCTI      6.60      12/08/21     CNY      26.35
WUHU JINGHU CONSTRUCTI      4.37      07/20/23     CNY      59.90
WUHU JINGHU CONSTRUCTI      4.37      07/20/23     CNY      60.06
WUHU JIUJIANG CONSTRUC      3.96      03/21/23     CNY      39.60
WUHU JIUJIANG CONSTRUC      3.96      03/21/23     CNY      40.15
WUHU XINMA INVESTMENT       4.87      11/04/22     CNY      40.22
WUHU YIJU INVESTMENT G      6.45      08/11/21     CNY      20.08
WUHU YIJU INVESTMENT G      6.45      08/11/21     CNY      20.30
WUXI HUIKAI ECONOMIC D      4.16      04/08/23     CNY      39.83
WUXI HUIKAI ECONOMIC D      4.16      04/08/23     CNY      40.10
WUXI TAIHU NEW CITY DE      4.49      05/03/23     CNY      40.33
WUXI TAIHU NEW CITY DE      4.49      05/03/23     CNY      40.50
WUXI TAIHU NEW CITY DE      3.47      08/29/23     CNY      59.50
WUXI TAIHU NEW CITY DE      3.47      08/29/23     CNY      59.89
WUXI XIDONG NEW TOWN C      3.92      11/09/23     CNY      59.79
WUXI XIDONG NEW TOWN C      3.92      11/09/23     CNY      60.04
WUYANG CONSTRUCTION GR      7.80      09/11/20     CNY      32.48
XIAN FENGDONG DEVELOPM      4.67      01/08/23     CNY      39.65
XIAN FENGDONG DEVELOPM      4.67      01/08/23     CNY      39.68
XI'AN INTERNATIONAL HO      6.20      10/21/21     CNY      20.09
XI'AN INTERNATIONAL HO      6.20      10/21/21     CNY      21.46
XI'AN INTERNATIONAL IN      7.90      09/23/21     CNY      22.28
XI'AN PIONEERING PARK       6.20      05/02/24     CNY      61.44
XI'AN PIONEERING PARK       6.20      05/02/24     CNY      61.45
XIANGSHUI GUANJIANG HO      4.98      12/24/22     CNY      38.00
XIANGSHUI GUANJIANG HO      4.98      12/24/22     CNY      39.56
XIANGTAN CITY CONSTRUC      7.60      04/02/22     CNY      71.00
XIANGTAN CITY INFRASTR      3.60      08/04/23     CNY      54.20
XIANGTAN CITY INFRASTR      3.95      08/04/23     CNY      56.97
XIANGTAN CITY INFRASTR      3.95      08/04/23     CNY      57.29
XIANGTAN CITY INFRASTR      3.60      08/04/23     CNY      59.71
XIANGTAN JIUHUA ECONOM      6.59      01/21/22     CNY      19.31
XIANGTAN JIUHUA ECONOM      5.00      07/25/26     CNY      69.08
XIANGTAN WANLOU XINCHE      6.90      01/14/22     CNY      15.49
XIANGTAN WANLOU XINCHE      6.90      01/14/22     CNY      19.73
XIANGXIANG ECONOMIC DI      5.28      09/09/23     CNY      56.32
XIANGXIANG ECONOMIC DI      5.28      09/09/23     CNY      57.88
XIANGXIANG URBAN CONST      5.84      05/18/23     CNY      39.47
XIANGXIANG URBAN CONST      5.84      05/18/23     CNY      40.26
XIANGXIANG URBAN CONST      7.50      10/27/24     CNY      60.00
XIANGYANG CITY XIANGZH      5.18      04/28/23     CNY      40.01
XIANGYANG CITY XIANGZH      5.18      04/28/23     CNY      40.27
XIANGYANG HIGH TECH ST      6.25      06/12/24     CNY      61.92
XIANGYANG HIGH TECH ST      6.25      06/12/24     CNY      62.28
XIANGYANG STATE-OWNED       4.62      01/25/23     CNY      39.69
XIANGYANG STATE-OWNED       4.62      01/25/23     CNY      39.69
XIANNING HIGH-TECH INV      6.29      02/10/22     CNY      20.16
XIANNING HIGH-TECH INV      6.29      02/10/22     CNY      20.56
XIANNING HIGH-TECH INV      6.60      06/01/27     CNY      70.55
XIANNING HIGH-TECH INV      6.60      06/01/27     CNY      72.25
XIANTAO CITY CONSTRUCT      4.59      04/18/23     CNY      39.59
XIANTAO CITY CONSTRUCT      4.59      04/18/23     CNY      40.49
XIAOCHANG SHUNHE DEVEL      4.15      10/17/23     CNY      58.67
XIAOGAN GAOCHUANG INVE      6.87      09/22/21     CNY      20.10
XIAOGAN GAOCHUANG INVE      6.87      09/22/21     CNY      26.69
XIAOXIAN COUNTY DEVELO      4.85      06/22/23     CNY      40.37
XIAOXIAN COUNTY DEVELO      4.85      06/22/23     CNY      40.40
XINDONGGANG HOLDING GR      5.53      04/27/23     CNY      39.62
XINDONGGANG HOLDING GR      5.53      04/27/23     CNY      40.02
XINGAN COUNTY URBAN CO      5.48      08/03/23     CNY      58.41
XINGAN COUNTY URBAN CO      5.48      08/03/23     CNY      59.90
XINGAN LEAGUE URBAN DE      6.18      12/21/22     CNY      26.97
XINGAN LEAGUE URBAN DE      6.18      12/21/22     CNY      27.16
XINGHUA CITY ECONOMIC       5.28      06/13/22     CNY      25.01
XINGHUA CITY ECONOMIC       5.28      06/13/22     CNY      25.11
XINGYI XINHENG URBAN C      5.40      12/16/22     CNY      18.40
XINGYI XINHENG URBAN C      5.40      12/16/22     CNY      39.82
XINMI CAIYUAN CITY CON      4.35      02/28/23     CNY      39.89
XINMI CAIYUAN CITY CON      4.35      02/28/23     CNY      39.95
XINMIN CITY LUXIN MUNI      6.41      07/29/21     CNY      13.72
XINMIN CITY LUXIN MUNI      6.41      07/29/21     CNY      13.76
XINTAI CITY COORDINATI      6.35      03/23/22     CNY      20.12
XINTAI CITY COORDINATI      6.35      03/23/22     CNY      20.75
XINYI CITY INVESTMENT       4.30      01/19/23     CNY      39.11
XINYI CITY INVESTMENT       4.30      01/19/23     CNY      40.00
XINYI ECONOMIC DEVELOP      6.66      09/27/24     CNY      74.50
XINYI URBAN TRANSPORTA      6.14      02/06/22     CNY      20.19
XINYI URBAN TRANSPORTA      6.14      02/06/22     CNY      20.34
XINYI URBAN TRANSPORTA      5.35      04/24/24     CNY      60.58
XINYI URBAN TRANSPORTA      5.35      04/24/24     CNY      62.57
XINYU CITY SHANTYTOWN       6.50      11/13/22     CNY      70.76
XINYU CITY YUSHUI DIST      7.70      06/24/22     CNY      20.34
XINYU CITY YUSHUI DIST      7.70      06/24/22     CNY      21.39
XIWANG GROUP CO LTD         7.80      12/03/22     CNY      49.94
XUANCHENG CITY ECONOMY      7.95      09/22/21     CNY      20.14
XUANCHENG CITY ECONOMY      7.95      09/22/21     CNY      26.00
XUANCHENG STATE-OWNED       4.12      04/07/23     CNY      39.82
XUANCHENG STATE-OWNED       4.12      04/07/23     CNY      40.37
XUZHOU BOCHANT DEVELOP      5.69      07/28/21     CNY      33.33
XUZHOU CITY JIAWANG CO      4.00      03/23/23     CNY      40.03
XUZHOU CITY TONGSHAN D      5.23      09/18/22     CNY      40.00
XUZHOU CITY TONGSHAN D      5.23      09/18/22     CNY      40.59
XUZHOU HI-TECH INDUSTR      3.78      11/11/23     CNY      59.99
XUZHOU HI-TECH INDUSTR      3.78      11/11/23     CNY      60.06
XUZHOU XINSHENG INVEST      5.13      08/12/22     CNY      40.45
XUZHOU XINSHENG INVEST      5.13      08/12/22     CNY      44.46
YAN'AN NEW CITY CONSTR      5.60      04/21/24     CNY      60.67
YANCHENG GUANDONG ECON      6.42      05/16/24     CNY      62.39
YANCHENG HIGH-TECH ZON      3.90      12/14/22     CNY      39.90
YANCHENG HIGH-TECH ZON      3.90      12/14/22     CNY      39.94
YANCHENG ORIENTAL INVE      6.48      09/15/21     CNY      20.05
YANCHENG ORIENTAL INVE      6.48      09/15/21     CNY      20.07
YANCHENG SOUTH DISTRIC      6.70      07/30/21     CNY      20.05
YANCHENG SOUTH DISTRIC      6.70      07/30/21     CNY      20.10
YANCHENG YANDU DISTRIC      3.67      03/17/23     CNY      39.18
YANCHENG YANDU DISTRIC      3.67      03/17/23     CNY      39.34
YANGJIANG HENGCAI CITY      6.24      04/14/22     CNY      20.45
YANGJIANG HENGCAI CITY      6.24      04/14/22     CNY      21.20
YANGXIN TOWN CONSTRUCT      6.50      04/26/24     CNY      60.87
YANGXIN TOWN CONSTRUCT      6.50      04/26/24     CNY      61.32
YANGZHONG TRANSPORTATI      4.95      04/07/23     CNY      39.53
YANGZHONG TRANSPORTATI      4.95      04/07/23     CNY      39.58
YANGZHONG TRANSPORTATI      4.98      04/07/23     CNY      40.39
YANGZHONG TRANSPORTATI      4.98      04/07/23     CNY      40.42
YANGZHOU ECONOMIC & TE      5.28      07/06/24     CNY      60.56
YANGZHOU ECONOMIC & TE      5.28      07/06/24     CNY      62.40
YANGZHOU GUANGLING NEW      3.62      09/07/23     CNY      57.93
YANGZHOU GUANGLING NEW      3.62      09/07/23     CNY      59.36
YANGZHOU HANJIANG CONS      5.88      06/15/22     CNY      20.36
YANGZHOU HANJIANG CONS      5.88      06/15/22     CNY      26.63
YI CHENG CONSTRUCTION       5.44      04/27/23     CNY      39.73
YI ZHENG CITY DEVELOPM      4.63      01/08/23     CNY      40.00
YI ZHENG CITY DEVELOPM      4.63      01/08/23     CNY      40.15
YICHANG HIGH-TECH INVE      4.80      12/15/22     CNY      40.00
YICHANG HIGH-TECH INVE      4.80      12/15/22     CNY      40.51
YICHANG HIGH-TECH INVE      3.74      07/21/23     CNY      59.12
YICHANG HIGH-TECH INVE      3.74      07/21/23     CNY      60.30
YICHANG HIGH-TECH INVE      6.10      05/18/24     CNY      60.99
YICHANG HIGH-TECH INVE      6.10      05/18/24     CNY      61.25
YICHANG WUJIA NEW CITY      6.50      04/20/24     CNY      60.94
YICHANG WUJIA NEW CITY      6.50      04/20/24     CNY      61.30
YICHUN VENTURE CAPITAL      6.70      03/23/22     CNY      20.00
YICHUN VENTURE CAPITAL      6.70      03/23/22     CNY      20.22
YIHUA ENTERPRISE GROUP      7.00      04/29/22     CNY      54.00
YIHUA LIFESTYLE TECHNO      6.88      07/23/20     CNY      35.00
YIHUA LIFESTYLE TECHNO      6.88      07/16/20     CNY      35.90
YINGCHENG CITY PUYANG       6.50      04/14/24     CNY      61.30
YINGCHENG CITY PUYANG       6.50      04/14/24     CNY      61.31
YINGKOU BEIHAI NEW CIT      7.19      07/12/24     CNY      61.03
YINGKOU COASTAL DEVELO      6.45      01/26/22     CNY      20.14
YINGKOU ECO & TECH DEV      5.20      08/05/23     CNY      58.16
YINGKOU ECO & TECH DEV      5.20      08/05/23     CNY      58.41
YINGKOU ECO & TECH DEV      6.98      04/19/24     CNY      58.80
YINGKOU ECO & TECH DEV      6.98      04/19/24     CNY      58.83
YINGKOU LAOBIAN CITY C      4.98      03/11/23     CNY      37.47
YINGKOU LAOBIAN CITY C      4.98      03/11/23     CNY      40.00
YINGKOU LAOBIAN CITY C      5.63      12/16/22     CNY      40.18
YINGTAN JUNENG INVESTM      6.75      07/31/22     CNY      20.56
YINGTAN JUNENG INVESTM      6.75      07/31/22     CNY      41.18
YINGTAN STATE-OWNED AS      7.50      12/12/22     CNY      30.87
YINGTAN STATE-OWNED AS      7.50      12/12/22     CNY      30.88
YINGTAN STATE-OWNED AS      3.63      08/12/21     CNY      40.02
YINING CITY STATE OWNE      5.37      09/24/22     CNY      38.99
YINING CITY STATE OWNE      5.37      09/24/22     CNY      39.40
YIWU CITY CONSTRUCTION      4.31      12/07/22     CNY      40.16
YIWU CITY CONSTRUCTION      4.31      12/07/22     CNY      40.40
YIWU URBAN & RURAL NEW      4.25      11/24/21     CNY      24.95
YIXING CITY CONSTRUCTI      6.16      03/30/22     CNY      20.00
YIXING CITY CONSTRUCTI      6.16      03/30/22     CNY      20.33
YIYANG ADVANCED INDUST      7.00      03/30/22     CNY      20.19
YIYANG ADVANCED INDUST      7.00      03/30/22     CNY      28.00
YIYANG PROVINCE AREA I      5.16      11/23/23     CNY      56.87
YIYANG PROVINCE AREA I      5.16      11/23/23     CNY      56.92
YIYANG PROVINCE AREA I      4.95      10/13/23     CNY      56.95
YIYANG PROVINCE AREA I      4.95      10/13/23     CNY      57.00
YIZHANG XINGYI CONSTRU      5.49      09/02/24     CNY      67.47
YIZHANG XINGYI CONSTRU      5.49      09/02/24     CNY      70.10
YONGCHENG COAL & ELECT      7.50      02/02/21     CNY     100.00
YONGJIA INVESTMENT GRO      6.50      11/12/21     CNY      20.00
YONGJIA INVESTMENT GRO      6.50      11/12/21     CNY      20.17
YONGXING YINDU INVESTM      5.60      03/24/23     CNY      39.39
YONGXING YINDU INVESTM      5.60      03/24/23     CNY      40.13
YONGXING YINDU INVESTM      6.93      07/07/24     CNY      59.84
YONGXING YINDU INVESTM      6.93      07/07/24     CNY      60.00
YONGZHOU ECONOMIC CONS      3.55      01/14/23     CNY      39.33
YONGZHOU ECONOMIC CONS      3.55      01/14/23     CNY      39.79
YUANAN COUNTY QIFENG C      5.50      05/27/23     CNY      40.71
YUANAN COUNTY QIFENG C      5.50      05/27/23     CNY      40.71
YUEYANG DONGTING XINCH      6.15      03/20/22     CNY      20.12
YUEYANG DONGTING XINCH      6.15      03/20/22     CNY      20.17
YUEYANG HUIHUA URBAN I      5.78      04/18/24     CNY      60.52
YUEYANG HUIHUA URBAN I      5.78      04/18/24     CNY      60.98
YUEYANG HUILIN INVESTM      5.50      11/03/21     CNY      19.89
YUEYANG URBAN CONSTRUC      4.80      01/27/26     CNY      73.28
YUEYANG URBAN CONSTRUC      4.80      01/27/26     CNY      73.29
YUEYANG YUNXI CITY CON      6.00      07/08/23     CNY      38.43
YUEYANG YUNXI CITY CON      6.00      07/08/23     CNY      40.32
YUEYANG YUNXI CITY CON      5.18      11/21/23     CNY      57.16
YUHUAN CITY COMMUNICAT      5.65      11/03/21     CNY      20.21
YUHUAN CITY COMMUNICAT      5.65      11/03/21     CNY      20.22
YUHUAN CITY COMMUNICAT      6.18      03/20/22     CNY      20.59
YUHUAN CITY COMMUNICAT      6.18      03/20/22     CNY      24.47
YUHUAN CITY CONSTRUCTI      5.10      05/03/23     CNY      39.94
YUHUAN CITY CONSTRUCTI      5.10      05/03/23     CNY      40.74
YUHUAN CITY CONSTRUCTI      3.72      10/21/23     CNY      58.89
YUHUAN CITY CONSTRUCTI      3.72      10/21/23     CNY      59.83
YUNCHENG SHUIHU CITY C      4.54      11/21/23     CNY      56.05
YUNCHENG SHUIHU CITY C      4.54      11/21/23     CNY      59.42
YUZHOU GENERAL INVESTM      4.68      01/19/23     CNY      40.00
YUZHOU GENERAL INVESTM      4.68      01/19/23     CNY      40.04
ZAOYANG CITY CONSTRUCT      5.50      03/22/23     CNY      40.02
ZAOYANG CITY CONSTRUCT      5.50      03/22/23     CNY      40.11
ZHANGQIU STATE OWNED A      3.69      08/09/23     CNY      59.31
ZHANGQIU STATE OWNED A      3.69      08/09/23     CNY      59.83
ZHANGSHU STATE-OWNED A      4.80      06/22/23     CNY      39.90
ZHANGSHU STATE-OWNED A      4.80      06/22/23     CNY      42.67
ZHANGYE CITY INVESTMEN      6.92      09/22/21     CNY      20.11
ZHANGYE CITY INVESTMEN      6.92      09/22/21     CNY      20.90
ZHANGZHOU ECONOMIC DEV      6.17      04/27/22     CNY      20.20
ZHANGZHOU ECONOMIC DEV      6.17      04/27/22     CNY      20.38
ZHAODONG DONGSHENG CON      6.50      01/20/24     CNY      61.16
ZHAODONG DONGSHENG CON      6.50      01/20/24     CNY      61.17
ZHAOQING GAOYAO DISTRI      6.68      04/14/22     CNY      20.00
ZHAOQING GAOYAO DISTRI      6.68      04/14/22     CNY      20.36
ZHAOQING HI-TECH ZONE       3.97      08/26/23     CNY      59.09
ZHAOQING HI-TECH ZONE       3.97      08/26/23     CNY      59.56
ZHEJIANG BINHAI NEW CI      4.65      12/23/22     CNY      40.25
ZHEJIANG BINHAI NEW CI      4.65      12/23/22     CNY      40.45
ZHEJIANG GUOXING INVES      6.94      08/01/21     CNY      20.04
ZHEJIANG GUOXING INVES      6.94      08/01/21     CNY      28.50
ZHEJIANG HANGZHOU QING      5.99      06/30/24     CNY      62.57
ZHEJIANG HANGZHOU QING      5.99      06/30/24     CNY      62.57
ZHEJIANG HUISHENG INVE      4.49      03/15/24     CNY      55.00
ZHEJIANG HUISHENG INVE      4.49      03/15/24     CNY      55.32
ZHEJIANG OUHAI CONSTRU      6.45      04/23/22     CNY      20.20
ZHEJIANG OUHAI CONSTRU      6.45      04/23/22     CNY      20.38
ZHEJIANG OUHAI CONSTRU      4.83      01/21/23     CNY      40.10
ZHEJIANG OUHAI CONSTRU      4.83      01/21/23     CNY      40.46
ZHEJIANG XINCHANG INVE      5.88      10/30/21     CNY      20.12
ZHEJIANG XINCHANG INVE      6.95      12/31/21     CNY      20.29
ZHEJIANG XINCHANG INVE      6.95      12/31/21     CNY      20.44
ZHEJIANG XINCHANG INVE      5.88      10/30/21     CNY      21.06
ZHENGZHOU AIRPORT ECON      4.27      07/20/26     CNY      68.33
ZHENGZHOU AIRPORT ECON      4.27      07/20/26     CNY      69.13
ZHENGZHOU GENERAL AVIA      5.98      06/27/24     CNY      60.00
ZHENGZHOU GENERAL AVIA      5.98      06/27/24     CNY      61.97
ZHENGZHOU JINGKAI INVE      5.48      07/31/22     CNY      40.00
ZHENGZHOU JINGKAI INVE      5.48      07/31/22     CNY      40.37
ZHENGZHOU MOUZHONG DEV      7.48      12/11/21     CNY      20.31
ZHENGZHOU MOUZHONG DEV      7.48      12/11/21     CNY      26.20
ZHENGZHOU MOUZHONG DEV      4.59      04/18/23     CNY      39.75
ZHENGZHOU MOUZHONG DEV      4.59      04/18/23     CNY      40.19
ZHENJIANG DANTU DISTRI      5.89      11/03/21     CNY      20.00
ZHENJIANG DANTU DISTRI      5.89      11/03/21     CNY      20.04
ZHENJIANG NEW AREA URB      5.31      07/14/23     CNY      57.18
ZHENJIANG NEW AREA URB      5.31      07/14/23     CNY      59.58
ZHIJIANG STATE-OWNED A      4.78      01/11/23     CNY      37.00
ZHIJIANG STATE-OWNED A      4.38      03/28/23     CNY      39.25
ZHIJIANG STATE-OWNED A      4.38      03/28/23     CNY      39.65
ZHIJIANG STATE-OWNED A      4.78      01/11/23     CNY      39.93
ZHONGGUANCUN DEVELOPME      4.20      08/12/22     CNY      40.13
ZHONGGUANCUN DEVELOPME      4.20      08/12/22     CNY      40.54
ZHONGMINTOU LEASING HO      7.55      09/21/21     CNY      49.49
ZHONGSHAN TORCH DEVELO      5.79      03/23/24     CNY      60.87
ZHONGSHAN TORCH DEVELO      5.79      03/23/24     CNY      61.02
ZHONGSHAN TRANSPORTATI      5.25      11/26/21     CNY      20.00
ZHONGSHAN TRANSPORTATI      5.25      11/26/21     CNY      20.17
ZHONGYUAN ASSET MANAGE      4.48      09/16/23     CNY      74.59
ZHOUSHAN DINGHAI CITY       6.67      07/20/22     CNY      40.24
ZHOUSHAN DINGHAI STATE      7.13      08/04/21     CNY      20.06
ZHOUSHAN DINGHAI STATE      7.13      08/04/21     CNY      20.13
ZHOUSHAN ISLANDS NEW D      6.98      10/22/22     CNY      40.48
ZHOUSHAN ISLANDS NEW D      6.98      10/22/22     CNY      40.80
ZHOUSHAN PUTUO DISTRIC      7.18      06/20/22     CNY      25.84
ZHOUSHAN PUTUO DISTRIC      7.18      06/20/22     CNY      26.90
ZHUCHENG ECONOMIC DEVE      5.37      07/12/24     CNY      80.18
ZHUHAI HUIHUA INFRASTR      4.70      06/27/23     CNY      39.76
ZHUHAI HUIHUA INFRASTR      4.70      06/27/23     CNY      40.07
ZHUJI CITY EAST NEW TO      3.89      08/26/23     CNY      60.57
ZHUJI CITY YUEDU INVES      6.38      04/07/22     CNY      20.45
ZHUJI STATE-OWNED ASSE      5.34      06/28/24     CNY      61.86
ZHUJI STATE-OWNED ASSE      5.34      06/28/24     CNY      62.50
ZHUZHOU CITY CONSTRUCT      8.36      11/10/21     CNY      23.75
ZHUZHOU GECKOR GROUP C      6.38      04/17/22     CNY      20.00
ZHUZHOU GECKOR GROUP C      6.95      08/11/21     CNY      20.04
ZHUZHOU GECKOR GROUP C      6.38      04/17/22     CNY      20.22
ZHUZHOU GECKOR GROUP C      6.95      08/11/21     CNY      20.86
ZHUZHOU GECKOR GROUP C      3.78      09/28/23     CNY      59.12
ZHUZHOU GECKOR GROUP C      3.78      09/28/23     CNY      59.17
ZHUZHOU HI-TECH AUTO E      4.47      11/03/23     CNY      74.16
ZHUZHOU RECYCLING ECON      4.38      03/24/23     CNY      37.63
ZHUZHOU RECYCLING ECON      4.38      03/24/23     CNY      38.38
ZHUZHOU XIANGJIANG SCE      5.39      11/25/22     CNY      38.90
ZHUZHOU XIANGJIANG SCE      5.39      11/25/22     CNY      38.95
ZIBO BANYANG CITY URBA      5.50      09/09/22     CNY      40.00
ZIBO BANYANG CITY URBA      5.50      09/09/22     CNY      40.04
ZIBO BOSHAN STATE OWNE      5.63      03/29/24     CNY      60.24
ZIBO BOSHAN STATE OWNE      5.63      03/29/24     CNY      61.40
ZIXING CHENGCHENG INVE      6.20      03/16/24     CNY      61.84
ZIXING CHENGCHENG INVE      6.20      03/16/24     CNY      61.85
ZIXING CITY DEVELOPMEN      6.00      05/03/24     CNY      60.78
ZIXING CITY DEVELOPMEN      6.00      05/03/24     CNY      60.79
ZIYANG WATER INVESTMEN      3.97      03/17/23     CNY      36.43
ZIYANG WATER INVESTMEN      3.97      03/17/23     CNY      37.82
ZIZHONG COUNTY XINGZI       5.97      01/18/23     CNY      38.97
ZIZHONG COUNTY XINGZI       5.97      01/18/23     CNY      39.68
ZONGYANG INVESTMENT DE      5.85      04/25/24     CNY      60.00
ZONGYANG INVESTMENT DE      5.85      04/25/24     CNY      61.65
ZUNYI BOZHOU URBAN CON      6.60      07/06/24     CNY      60.95
ZUNYI BOZHOU URBAN CON      6.60      07/06/24     CNY      61.38
ZUNYI ECONOMIC DEVELOP      4.87      01/22/23     CNY      38.35
ZUNYI ECONOMIC DEVELOP      4.87      01/22/23     CNY      40.00
ZUNYI HONGHUAGANG DIST      5.05      06/27/23     CNY      37.82
ZUNYI HONGHUAGANG DIST      5.05      06/27/23     CNY      39.79
ZUNYI NEW DISTRICT DEV      5.99      04/07/26     CNY      44.65
ZUNYI NEW DISTRICT DEV      5.99      04/07/26     CNY      55.62
ZUNYI ROAD & BRIDGE CO      6.10      04/27/23     CNY      34.20
ZUNYI TRAFFIC TRAVEL I      7.70      09/27/27     CNY      67.00


   HONG KONG
   ---------

CAIYUN INTERNATIONAL I      5.50      04/08/22     USD      68.25
DR PENG HOLDING HONGKO      7.55      12/01/22     USD      63.41
HNA GROUP INTERNATIONA      6.25      10/05/21     USD      18.87


   INDONESIA
   ---------

DAVOMAS INTERNATIONAL      11.00      12/08/14     USD       1.14
DAVOMAS INTERNATIONAL      11.00      12/08/14     USD       1.14
DAVOMAS INTERNATIONAL      11.00      05/09/11     USD       1.14
DAVOMAS INTERNATIONAL      11.00      05/09/11     USD       1.14
DELTA MERLIN DUNIA TEK      2.50      06/26/28     USD      13.95
SRI REJEKI ISMAN TBK P      7.25      01/16/25     USD      20.43
SRI REJEKI ISMAN TBK P      7.25      01/16/25     USD      20.53


   INDIA
   -----

3I INFOTECH LTD             2.50      03/31/25     USD       9.88
ACME MEDAK SOLAR ENERG      0.01      08/29/46     INR      14.12
ACME RANGA REDDY SOLAR      0.01      08/31/46     INR      14.04
AMPSOLAR SOLUTION PVT       0.01      11/03/37     INR      27.68
AMPSOLAR SOLUTION PVT       0.01      10/27/37     INR      27.72
APG HABITAT PVT LTD         1.00      09/09/28     INR      63.61
APG INTELLI HOMES PVT       1.25      02/04/35     INR      45.61
APG INTELLI HOMES PVT       1.25      02/04/35     INR      45.65
ASSETS CARE & RECONSTR      1.00      03/30/29     INR      62.90
ASSETS CARE & RECONSTR      2.00      03/30/29     INR      68.75
ASSETS CARE & RECONSTR      2.00      03/30/29     INR      68.75
AUTOMOTIVE EXCHANGE PV      4.00      10/11/30     INR      62.38
AUTOMOTIVE EXCHANGE PV      4.00      06/01/30     INR      62.73
BODY CUPID PVT LTD          0.01      03/31/31     INR      48.09
BREEZE CONSTRUCTIONS P      0.01      06/29/30     INR      48.31
BRITANNIA INDUSTRIES L      5.50      06/03/24     INR      29.00
BRITANNIA INDUSTRIES L      8.00      08/28/22     INR      30.97
CHANDRAJYOTI ESTATE DE      0.01      07/06/30     INR      49.46
CREIXENT SPECIAL STEEL      0.01      08/28/25     INR      73.40
CUMULUS TRADING CO PVT      0.01      05/21/32     INR      41.69
CUMULUS TRADING CO PVT      0.01      01/23/30     INR      66.52
DEWAN HOUSING FINANCE       8.50      04/18/23     INR      28.71
DLF ASPINWAL HOTELS PV      0.01      10/15/30     INR      45.90
DLF EMPORIO RESTAURANT      0.01      08/12/30     INR      49.07
DLF EMPORIO RESTAURANT      0.01      06/29/30     INR      49.55
DLF HOME DEVELOPERS LT      0.01      06/29/30     INR      51.68
DLF HOMES SERVICES PVT      0.01      06/29/30     INR      48.31
DLF REAL ESTATE BUILDE      0.01      06/23/30     INR      49.49
DLF RECREATIONAL FOUND      0.01      10/15/30     INR      46.02
DLF RESIDENTIAL BUILDE      0.01      06/23/30     INR      48.25
DLF RESIDENTIAL DEVELO      0.01      06/28/30     INR      49.40
DLF SOUTHERN TOWNS PVT      0.01      07/09/30     INR      49.59
DOMUS REAL ESTATE PVT       0.01      07/11/30     INR      49.57
ECAP EQUITIES LTD           0.01      03/26/31     INR      48.79
EDEL LAND LTD               0.01      03/22/26     INR      70.19
EDELWEISS ASSET RECONS      2.00      07/22/29     INR      67.07
EDELWEISS ASSET RECONS      2.00      03/28/29     INR      68.19
EDELWEISS ASSET RECONS      2.00      01/15/29     INR      68.90
EDELWEISS ASSET RECONS      2.00      10/07/28     INR      69.89
EDELWEISS ASSET RECONS      2.00      11/20/27     INR      73.26
EDELWEISS RURAL & CORP      0.01      03/25/31     INR      49.60
ESSAR POWER TRANSMISSI      3.00      03/31/43     INR      49.16
ESSAR POWER TRANSMISSI      3.00      03/31/43     INR      49.16
FUTURE RETAIL LTD           5.60      01/22/25     USD      74.66
GREEN URJA PVT LTD          0.01      02/14/30     INR      51.60
GTL INFRASTRUCTURE LTD      6.73      10/26/22     USD       9.88
HCL INFOTECH LTD            0.10      03/31/36     INR      32.14
HITODI INFRASTRUCTURE       0.01      06/30/27     INR      63.00
JAIPRAKASH ASSOCIATES       5.75      09/08/17     USD      55.13
JAIPRAKASH POWER VENTU      7.00      05/15/17     USD       4.58
JCT LTD                     2.50      04/08/11     USD      25.75
JSM CORP PVT LTD            0.01      08/31/36     INR      29.87
JTPM ATSALI LTD             0.01      08/29/48     INR      12.50
JUNO MONETA TECHNOLOGI      0.01      05/18/26     INR      70.48
KANAKADURGA FINANCE LT      0.01      04/15/36     INR      28.62
KRIBHCO INFRASTRUCTURE      1.00      04/15/26     INR      74.88
KUSHALS RETAIL PVT LTD      1.00      05/13/29     INR      60.97
MARIS POWER SUPPLY CO       2.00      04/18/28     INR      71.45
MELOSA BUILDERS & DEVE      0.01      06/29/30     INR      48.33
MENS BUILDCON PVT LTD       0.01      06/29/30     INR      48.33
MYTRAH AADHYA POWER PV      0.01      07/05/35     INR      33.40
MYTRAH ADVAITH POWER P      0.01      07/13/36     INR      30.72
MYTRAH AKSHAYA ENERGY       0.01      07/13/36     INR      30.72
NANI VIRANI WIND ENERG      2.00      06/30/39     INR      43.81
NEEMUCH SOLAR POWER PV      0.01      08/29/46     INR      14.12
ORIGAMI CELLULO PVT LT      0.01      11/14/36     INR      29.44
POLY TOUGH TUBES LTD        1.00      04/19/26     INR      74.80
PRAKASH INDUSTRIES LTD      5.25      04/30/15     USD      22.63
PUNJAB INFRASTRUCTURE       0.40      10/15/33     INR      44.89
PUNJAB INFRASTRUCTURE       0.40      10/15/32     INR      47.92
PUNJAB INFRASTRUCTURE       0.40      10/15/31     INR      51.31
PUNJAB INFRASTRUCTURE       0.40      10/15/30     INR      55.04
PUNJAB INFRASTRUCTURE       0.40      10/15/29     INR      59.09
PUNJAB INFRASTRUCTURE       0.40      10/15/28     INR      63.48
PUNJAB INFRASTRUCTURE       0.40      10/15/27     INR      68.25
PUNJAB INFRASTRUCTURE       0.40      10/15/26     INR      73.35
PURVANCHAL SOLAR POWER      0.01      08/29/46     INR      14.12
PYRAMID SAIMIRA THEATR      1.75      07/04/12     USD       0.26
R L FINE CHEM PVT LTD       0.10      08/19/36     INR      30.31
RAMANI ICECREAM CO LTD      0.01      12/29/35     INR      32.57
REDKITE CAPITAL PVT LT      2.50      03/30/29     INR      70.59
REDKITE CAPITAL PVT LT      2.50      01/15/28     INR      74.91
REI AGRO LTD                5.50      11/13/14     USD       0.96
REI AGRO LTD                5.50      11/13/14     USD       0.96
RELIANCE COMMUNICATION      6.50      11/06/20     USD      10.09
REWANCHAL SOLAR POWER       0.01      08/29/46     INR      14.12
SAKET HOLIDAYS RESORTS      0.01      06/29/30     INR      49.34
SANJWIN CONSULTING SOL      0.01      06/01/28     INR      59.07
SHIVAJI MARG MAINTENAN      0.01      06/28/30     INR      48.28
SINTEX INDUSTRIES LTD       3.50      05/25/22     USD      23.63
STPL HORTICULTURE PVT       0.01      03/31/31     INR      56.78
SUNWORLD SOLAR POWER P      0.01      08/31/46     INR      14.04
SURBHI INVESTMENTS & T      2.50      10/21/28     INR      71.53
SUTARA ROADS & INFRA L      0.01      08/31/30     INR      56.77
SUZLON ENERGY LTD           5.75      07/16/19     USD      23.50
SUZLON ENERGY LTD           5.75      07/16/19     USD      23.50
SVOGL OIL GAS & ENERGY      5.00      08/17/15     USD       0.61
TATA SMARTFOODZ LTD         0.01      04/18/26     INR      68.95
TATA SMARTFOODZ LTD         0.01      11/23/25     INR      71.57
TATA SMARTFOODZ LTD         0.01      07/15/25     INR      73.93
TN URJA PVT LTD             0.10      02/22/36     INR      31.92
WATSUN INFRABUILD PVT       4.00      10/16/37     INR      60.07
WS T&D LTD                  0.10      03/24/29     INR      55.76


   JAPAN
   -----

AVANSTRATE INC              0.15      10/29/32     JPY       9.75
HIS CO LTD                  0.58      02/19/27     JPY      65.67
TKJP CORP                   1.02      12/15/17     JPY       0.50
TKJP CORP                   0.85      03/06/19     JPY       2.02
TKJP CORP                   0.58      03/26/21     JPY       2.02
UNIZO HOLDINGS CO LTD       1.10      11/28/24     JPY      34.54
UNIZO HOLDINGS CO LTD       0.99      11/27/26     JPY      38.24
UNIZO HOLDINGS CO LTD       1.20      05/28/27     JPY      38.24
UNIZO HOLDINGS CO LTD       1.50      11/26/27     JPY      38.24
UNIZO HOLDINGS CO LTD       0.89      05/29/24     JPY      45.49
UNIZO HOLDINGS CO LTD       0.80      11/29/23     JPY      47.16
UNIZO HOLDINGS CO LTD       0.75      11/28/22     JPY      51.54
UNIZO HOLDINGS CO LTD       0.85      05/26/23     JPY      52.40
UNIZO HOLDINGS CO LTD       0.52      05/27/22     JPY      53.26
UNIZO HOLDINGS CO LTD       0.43      11/29/21     JPY      65.40


   MALAYSIA
   --------

ASIAN PAC HOLDINGS BHD      3.00      05/25/22     MYR       0.65
BERJAYA CORP BHD            2.00      05/29/26     MYR       0.25
BERJAYA CORP BHD            5.00      04/22/22     MYR       0.27
ELK-DESA RESOURCES BHD      3.25      04/14/22     MYR       1.10
HUME CEMENT INDUSTRIES      5.00      05/29/24     MYR       1.42
MALAYAN FLOUR MILLS BH      5.00      01/24/24     MYR       1.50
PENGURUSAN AIR SPV BHD      1.00      11/05/35     MYR      63.24
PENGURUSAN AIR SPV BHD      1.00      02/05/36     MYR      63.43
PENGURUSAN AIR SPV BHD      1.00      09/28/35     MYR      64.38
PMB TECHNOLOGY BHD          3.00      07/12/23     MYR       5.20
SD INTERNATIONAL SUKUK      7.00      03/12/25     USD      37.07
SD INTERNATIONAL SUKUK      6.30      05/09/22     USD      44.52
SENAI-DESARU EXPRESSWA      1.35      06/30/31     MYR      70.10
SENAI-DESARU EXPRESSWA      1.35      12/31/30     MYR      71.71
SENAI-DESARU EXPRESSWA      1.35      06/28/30     MYR      73.34
SENAI-DESARU EXPRESSWA      1.35      12/31/29     MYR      74.92
VIZIONE HOLDINGS BHD        3.00      08/08/21     MYR       0.02


   NEW ZEALAND
   -----------

PRECINCT PROPERTIES NE      4.80      09/27/21     NZD       1.18


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICATIO     15.00      07/15/06     USD      19.63


   SINGAPORE
   ---------

APL REALTY HOLDINGS PT      5.95      06/02/24     USD      72.38
ASL MARINE HOLDINGS LT      3.00      03/28/25     SGD      41.34
ASL MARINE HOLDINGS LT      3.00      10/01/26     SGD      41.38
BAKRIE TELECOM PTE LTD     11.50      05/07/15     USD       0.59
BAKRIE TELECOM PTE LTD     11.50      05/07/15     USD       0.59
BANYAN TREE HOLDINGS L      7.50      08/06/22     SGD       1.32
BLD INVESTMENTS PTE LT      8.63      03/23/15     USD       4.88
BLUE OCEAN RESOURCES P      8.00      12/31/21     USD      21.73
BLUE OCEAN RESOURCES P      8.00      12/31/21     USD      21.73
BLUE OCEAN RESOURCES P      8.00      12/31/21     USD      21.73
ENERCOAL RESOURCES PTE      9.25      08/05/14     USD      45.75
ETERNA CAPITAL PTE LTD      8.00      12/11/22     USD      45.98
ETERNA CAPITAL PTE LTD      7.50      12/11/22     USD      69.98
EZRA HOLDINGS LTD           4.88      04/24/18     SGD       5.00
GOLDEN LEGACY PTE LTD       6.88      03/27/24     USD      20.21
GOLDEN LEGACY PTE LTD       6.88      03/27/24     USD      20.27
INDO INFRASTRUCTURE GR      2.00      07/30/10     USD       1.00
INNOVATE CAPITAL PTE L      6.00      12/11/24     USD      27.13
ITNL OFFSHORE PTE LTD       7.50      01/18/21     CNY      18.06
JGC VENTURES PTE LTD       10.75      08/30/21     USD      54.63
MICLYN EXPRESS OFFSHOR      8.75      11/25/18     USD       8.10
MODERNLAND OVERSEAS PT      6.95      04/13/24     USD      45.83
NT RIG HOLDCO PTE LTD       7.50      12/20/21     USD      55.41
ORO NEGRO DRILLING PTE      7.50      01/24/19     USD      14.68
PACIFIC RADIANCE LTD        4.30      03/31/20     SGD      10.00
RICKMERS MARITIME           8.45      05/15/17     SGD       5.00
SWIBER CAPITAL PTE LTD      6.25      10/30/17     SGD       4.20
SWIBER CAPITAL PTE LTD      6.50      08/02/18     SGD       4.20
SWIBER HOLDINGS LTD         7.13      04/18/17     SGD       6.13
SWIBER HOLDINGS LTD         7.75      09/18/17     CNY       6.13
SWIBER HOLDINGS LTD         5.55      10/10/16     SGD      12.25


  SOUTH KOREA
  -----------

CJ CGV CO LTD               1.00      06/08/51     KRW      70.25
FIRST 5G SECURITIZATIO      1.71      02/28/25     KRW      28.20
FIRST 5G SECURITIZATIO      1.89      11/28/25     KRW      28.57
HEUNGKUK FIRE & MARINE      5.70      12/29/46     KRW      41.13
KIBO ABS SPECIALTY CO       5.00      02/24/24     KRW      69.68
KIBO ABS SPECIALTY CO       5.00      02/24/23     KRW      72.38
KIBO ABS SPECIALTY CO       5.00      02/28/22     KRW      73.57
KIBO ABS SPECIALTY CO       5.00      02/24/22     KRW      74.43
KIBO ABS SPECIALTY CO       5.00      08/28/21     KRW      75.35
LOTTE CARD CO LTD           3.95      06/28/49     KRW      37.34
POSCO ENERGY CO LTD         5.21      08/29/43     KRW      64.45
SAMPYO CEMENT CO LTD        8.30      04/20/14     KRW      70.00
SAMPYO CEMENT CO LTD        7.50      07/20/14     KRW      70.00
SAMPYO CEMENT CO LTD        8.30      09/10/14     KRW      70.00
SAMPYO CEMENT CO LTD        8.10      04/12/15     KRW      70.00
SAMPYO CEMENT CO LTD        8.10      06/26/15     KRW      70.00
SINBO SECURITIZATION S      5.00      06/27/22     KRW      61.81
SINBO SECURITIZATION S      5.00      02/23/22     KRW      63.31
SINBO SECURITIZATION S      5.00      07/24/22     KRW      63.37
SINBO SECURITIZATION S      5.00      07/26/22     KRW      63.44
SINBO SECURITIZATION S      5.00      08/29/22     KRW      64.24
SINBO SECURITIZATION S      5.00      08/31/22     KRW      64.28
SINBO SECURITIZATION S      3.00      11/21/23     KRW      64.32
SINBO SECURITIZATION S      5.00      01/26/22     KRW      64.36
SINBO SECURITIZATION S      5.00      01/25/22     KRW      64.42
SINBO SECURITIZATION S      5.00      09/26/22     KRW      64.63
SINBO SECURITIZATION S      4.00      12/25/23     KRW      65.91
SINBO SECURITIZATION S      4.00      12/25/23     KRW      65.91
SINBO SECURITIZATION S      5.00      06/30/23     KRW      65.93
SINBO SECURITIZATION S      5.00      06/27/23     KRW      65.96
SINBO SECURITIZATION S      4.00      06/30/24     KRW      66.00
SINBO SECURITIZATION S      4.00      06/30/24     KRW      66.00
SINBO SECURITIZATION S      4.00      09/29/24     KRW      66.57
SINBO SECURITIZATION S      4.00      09/29/24     KRW      66.57
SINBO SECURITIZATION S      5.00      01/25/23     KRW      66.68
SINBO SECURITIZATION S      4.00      08/28/24     KRW      66.70
SINBO SECURITIZATION S      4.00      08/28/24     KRW      66.70
SINBO SECURITIZATION S      4.00      07/29/24     KRW      66.82
SINBO SECURITIZATION S      4.00      04/15/24     KRW      66.86
SINBO SECURITIZATION S      5.00      09/26/23     KRW      67.06
SINBO SECURITIZATION S      5.00      09/26/23     KRW      67.06
SINBO SECURITIZATION S      5.00      09/26/23     KRW      67.06
SINBO SECURITIZATION S      5.00      07/24/23     KRW      67.07
SINBO SECURITIZATION S      5.00      07/29/23     KRW      67.08
SINBO SECURITIZATION S      5.00      08/29/23     KRW      67.09
SINBO SECURITIZATION S      5.00      08/29/23     KRW      67.09
SINBO SECURITIZATION S      5.00      09/09/23     KRW      67.25
SINBO SECURITIZATION S      3.00      01/29/24     KRW      67.44
SINBO SECURITIZATION S      5.00      11/21/23     KRW      67.98
SINBO SECURITIZATION S      5.00      06/30/24     KRW      68.13
SINBO SECURITIZATION S      5.00      10/24/23     KRW      68.19
SINBO SECURITIZATION S      5.00      10/24/23     KRW      68.19
SINBO SECURITIZATION S      5.00      02/27/24     KRW      68.34
SINBO SECURITIZATION S      5.00      08/31/21     KRW      68.40
SINBO SECURITIZATION S      5.00      09/29/24     KRW      68.87
SINBO SECURITIZATION S      5.00      08/28/24     KRW      69.03
SINBO SECURITIZATION S      5.00      07/29/24     KRW      69.17
SINBO SECURITIZATION S      5.00      07/29/24     KRW      69.17
SINBO SECURITIZATION S      4.00      01/29/24     KRW      69.44
SINBO SECURITIZATION S      4.00      01/29/24     KRW      69.44
SINBO SECURITIZATION S      5.00      07/26/21     KRW      69.63
SINBO SECURITIZATION S      5.00      01/29/23     KRW      71.11
SINBO SECURITIZATION S      5.00      12/25/22     KRW      71.37
SINBO SECURITIZATION S      5.00      12/25/23     KRW      71.69
SINBO SECURITIZATION S      5.00      02/28/22     KRW      73.56
SINBO SECURITIZATION S      5.00      03/20/23     KRW      73.90
SINBO SECURITIZATION S      5.00      02/28/23     KRW      74.06
SINBO SECURITIZATION S      5.00      12/27/21     KRW      74.25


  SRI LANKA
  ---------

SRI LANKA DEVELOPMENT       4.72      01/22/25     USD      62.66
SRI LANKA DEVELOPMENT       5.98      01/22/25     USD      64.60
SRI LANKA DEVELOPMENT       6.02      01/22/25     USD      64.69
SRI LANKA DEVELOPMENT       6.05      01/22/25     USD      64.76
SRI LANKA DEVELOPMENT       6.50      01/22/25     USD      65.84
SRI LANKA DEVELOPMENT       6.75      01/22/25     USD      66.44
SRI LANKA DEVELOPMENT       6.80      01/22/25     USD      66.56
SRI LANKA DEVELOPMENT       6.82      01/22/25     USD      66.61
SRI LANKA DEVELOPMENT       6.87      01/22/25     USD      66.73
SRI LANKA DEVELOPMENT       6.99      01/22/25     USD      67.02
SRI LANKA DEVELOPMENT       7.68      01/22/25     USD      68.68
SRI LANKA DEVELOPMENT       7.95      05/01/24     USD      72.29
SRI LANKA DEVELOPMENT       7.99      05/01/24     USD      72.46
SRI LANKA DEVELOPMENT       4.04      05/01/23     USD      73.35
SRI LANKA DEVELOPMENT       4.08      05/01/23     USD      73.41
SRI LANKA DEVELOPMENT       4.17      03/16/23     USD      74.91
SRI LANKA GOVERNMENT I      6.20      05/11/27     USD      62.78
SRI LANKA GOVERNMENT I      6.20      05/11/27     USD      62.83
SRI LANKA GOVERNMENT I      6.75      04/18/28     USD      62.83
SRI LANKA GOVERNMENT I      6.75      04/18/28     USD      62.83
SRI LANKA GOVERNMENT I      7.55      03/28/30     USD      62.89
SRI LANKA GOVERNMENT I      7.55      03/28/30     USD      62.90
SRI LANKA GOVERNMENT I      7.85      03/14/29     USD      63.01
SRI LANKA GOVERNMENT I      7.85      03/14/29     USD      63.06
SRI LANKA GOVERNMENT I      6.83      07/18/26     USD      64.44
SRI LANKA GOVERNMENT I      6.83      07/18/26     USD      64.56
SRI LANKA GOVERNMENT I      6.13      06/03/25     USD      65.28
SRI LANKA GOVERNMENT I      6.13      06/03/25     USD      65.37
SRI LANKA GOVERNMENT I      6.85      11/03/25     USD      65.40
SRI LANKA GOVERNMENT I      6.85      11/03/25     USD      65.42
SRI LANKA GOVERNMENT I      6.35      06/28/24     USD      66.20
SRI LANKA GOVERNMENT I      6.35      06/28/24     USD      66.31
SRI LANKA GOVERNMENT I      6.85      03/14/24     USD      66.32
SRI LANKA GOVERNMENT I      6.85      03/14/24     USD      66.34
SRI LANKA GOVERNMENT I      5.75      04/18/23     USD      72.69
SRI LANKA GOVERNMENT I      5.75      04/18/23     USD      72.72
SRILANKAN AIRLINES LTD      7.00      06/25/24     USD      64.06


   THAILAND
   --------

G STEEL PCL                 3.00      10/04/15     USD       0.55
MDX PCL                     4.75      09/17/03     USD      22.88

[*] Covid-19 Lockdowns in Asia Deepen Commodity Supply-Chain Pain
-----------------------------------------------------------------
The Wall Street Journal reports that the recent surge in COVID-19
cases in Southeast Asia has throttled ports and locked down
plantations and processors, sparking extended disruptions of raw
materials such as palm oil, coffee and tin.

Restrictions in Malaysia, the world's second-largest producer of
palm oil, have prevented migrant laborers from traveling to
plantations, raising prices of the ubiquitous edible oil used to
make candy bars, shampoo and biofuel, the Journal says.

The Journal relates that Lockdowns in Vietnam, the world's No. 2
coffee exporter by volume, have delayed the processing and export
of coffee beans, adding to production concerns caused by poor
weather in Brazil.

According to the report, the global tin supply has been hit by
COVID-19-related interruptions at a smelter in Malaysia,
contributing to higher prices for the industrial metal, which is
used to connect computer chips to circuit boards in electronics.
Prices for each of these commodities have risen to multiyear highs
in recent months, adding costs that are being passed on to
consumers.



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.

Copyright 2021.  All rights reserved.  ISSN: 1520-9482.

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

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



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