/raid1/www/Hosts/bankrupt/TCRAP

/raid1/www/Hosts/bankrupt/TCRAP_Public/211005.mbx T R O U B L E D C O M P A N Y R E P O R T E R A S I A P A C I F I C Tuesday, October 5, 2021, Vol. 24, No. 193 Headlines A U S T R A L I A ERBIN FINANCES: Chapter 15 Case Summary ERMA NOMINEES: Chapter 15 Case Summary LIGON 158: Chapter 15 Case Summary MARBIN FINANCES: Chapter 15 Case Summary RAWBIN FINANCES: Chapter 15 Case Summary C H I N A CHINA EVERGRANDE: EV Unit in Sweden Seeking New Owners CHINA EVERGRANDE: Local Authorities Move to Protect Communities CHINA EVERGRANDE: Share Trading Suspended as Debt Test Looms I N D I A AMUL FEED: Ind-Ra Lowers Long-Term Issuer Rating to 'D' ANADI RICE: CARE Lowers Rating on INR15cr LT Loan to C ASIAN HANDICRAFTS: Ind-Ra Moves B+ Issuer Rating to Non-Cooperating B.L. AGRO: Ind-Ra Keeps 'BB' LT Issuer Rating in Non-Cooperating CHEMIETRON CLEAN: CARE Keeps D Debt Ratings in Not Cooperating DEVGHAR ISPAT: CARE Keeps C Debt Rating in Not Cooperating GMR WARORA: Ind-Ra Cuts Non-Convertible Debentures Rating to 'D' JAYPEE INFRATECH: NCLT to Hear Plea on Suraksha's bid on Oct. 26 JOVIAL STAINLESS: CARE Keeps D Debt Rating in Not Cooperating KANPUR EDIBLES: Ind-Ra Keeps BB Issuer Rating in Non-Cooperating KARYAVATTOM SPORTS: Ind-Ra Keeps D Bank Rating in Non-Cooperating KATHPAL DAIRIES: CARE Keeps D Debt Rating in Not Cooperating KILBURN CHEMICALS: CARE Keeps D Debt Rating in Not Cooperating MAHAKALESHWAR INFRATECH: Ind-Ra Moves BB+ Rating to Non-Cooperating NHC FOODS: Ind-Ra Gives BB+ Long-Term Issuer Rating, Outlook Stable NUTRIENT MARINE: CARE Keeps D Debt Rating in Not Cooperating OMAX AUTOS: Ind-Ra Lowers Long-Term Issuer Rating to 'D' OSCAR INVESTMENTS: Ind-Ra Keeps 'C' NCD Rating in Non-Cooperating RHC HOLDING: Ind-Ra Keeps 'D' Debt Rating in Non-Cooperating S.S. AGRI BUSINESS: CARE Keeps B- Debt Rating in Not Cooperating SAGAR INDUSTRIES: Ind-Ra Moves B+ Issuer Rating to Non-Cooperating SHIV SHAKTI: CARE Lowers Rating on INR2.50cr LT Loan to C SHRINIWASA PROTEINS: Ind-Ra Assigns 'B+' Long-Term Issuer Rating SHYAM TEA: CARE Lowers Rating on INR6.90cr LT Loan to C SILVER ESTATE: CARE Lowers Rating on INR4.77cr LT Loan to C SINGRAULI FINLEASE: CARE Lowers Rating on INR7cr LT Loan to D SKY ALLOYS: CARE Keeps D Debt Ratings in Not Cooperating SUPER SPINTEX: Ind-Ra Withdraws 'BB' Long-Term Issuer Rating TARACHAND INTERNATIONAL: CARE Keeps D Rating in Not Cooperating TEZALPATTY TEA: CARE Keeps D Debt Rating in Not Cooperating VADALIA FOODS: Ind-Ra Moves B- LT Issuer Rating to Non-Cooperating VAIBHAVLAXMI CLEAN: CARE Keeps D Debt Rating in Not Cooperating VIDHYA PEETH: CARE Lowers Rating on INR15.89cr LT Loan to B VIJAYNATH ROOF: Ind-Ra Moves BB- Issuer Rating to Non-Cooperating VINAYAK LOGISTIC: CARE Cuts Rating on INR16.25cr LT Loan to C YOGESH TRADING: Ind-Ra Keeps BB Issuer Rating in Non-Cooperating YOGINDERA WORSTED: CARE Keeps D Debt Ratings in Not Cooperating M A L A Y S I A SCOMI GROUP: Net Loss Narrows to MYR16.77MM in FY2021 S I N G A P O R E CHANG NING: Creditors' Proofs of Debt Due on Nov. 1 SING INTERNATIONAL: Court to Hear Wind-Up Petition on Oct. 22 UNITED ACHIEVA: Court Enters Wind-Up Order YONICA PTE: Members' Final Meeting Set for Nov. 1 ZANA ASIA: Creditors' Proofs of Debt Due on Nov. 1 X X X X X X X X [*] BOND PRICING: For the Week Sept. 27, 2021 to Oct. 1, 2021 [*] Delta Variant Slowing Economic Growth in East Asia and Pacific - - - - - ================= A U S T R A L I A ================= ERBIN FINANCES: Chapter 15 Case Summary --------------------------------------- Chapter 15 Debtor: Erbin Finances Pty Limited (in Liquidation) 26 Flinders Street Adelaide, South Australia 05000 Type of Business: Erbin Finances operated as an intercompany borrowing and lending entity within a remarkably complex group of companies controlled and operated by, and use for the personal benefit of, the Binetter family, many of which companies have been the subject of a far-ranging tax investigation by the Australian Taxation Office. The results of that investigation have culminated in multiple legal proceedings against, among other parties, certain banks and members of the Binetter family personally, in connection with an international tax avoidance scheme involving the Debtor and other family companies going back 25 years. Foreign Proceeding: Sheahan and Lock as Liquidators of Milgerd Nominees Pty Ltd (In Liq.) et ors., case no. 2018/00365045 (Sup. Ct. of NSW) Chapter 15 Petition Date: September 30, 2021 Court: United States Bankruptcy Court Southern District of New York Case No.: 21-11700 Judge: Hon. Michael E. Wiles Foreign Representative: John Sheahan 26 Flinders Street Adelaide, South Australia 05000 Foreign Representative's Counsel: Robert N.H. Christmas, Esq. NIXON PEABODY LLP 55 West 46th St. New York NY 10022 Tel: (212) 940-3103 Email: rchristmas@nixonpeabody.com - and - Christopher J. Fong, Esq. NIXON PEABODY LLP 55 West 46th Street New York, New York 10036 Tel: (212) 940-3000 Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free at PacerMonitor.com at: https://www.pacermonitor.com/view/U7G7RWI/Erbin_Finances_Pty_Limited_in__nysbke-21-11700__0001.0.pdf?mcid=tGE4TAMA ERMA NOMINEES: Chapter 15 Case Summary -------------------------------------- Chapter 15 Debtor: Erma Nominees Pty Limited (In Liquidation) 26 Flinders Street Adelaide, South Australia 05000 Type of Business: Operated as an investment vehicle with extensive dealings with intercompany borrowing and lending entities within a remarkably complex group of companies controlled and operated by, and use for the personal benefit of, the Binetter family, many of which companies have been the subject of a far-ranging tax investigation by the Australian Taxation Office. The results of that investigation have culminated in multiple legal proceedings against, among other parties, certain banks and members of the Binetter family personally, in connection with an international tax avoidance scheme involving the Debtor and other family companies going back 25 years. Foreign Proceeding: Sheahan and Lock as Liquidators of Milgerd Nominees Pty Ltd (In Liq.) et ors., case no. 2018/00365045 (Sup. Ct. of NSW) Chapter 15 Petition Date: September 30, 2021 Court: United States Bankruptcy Court Southern District of New York Case No.: 21-11703 Judge: Hon. Michael E. Wiles Foreign Representative: John Sheahan Foreign Representative's Counsel: Robert N.H. Christmas, Esq. NIXON PEABODY LLP 55 West 46th St. New York NY 10022 Tel: (212) 940-3103 E-mail: rchristmas@nixonpeabody.com - and - Christopher J. Fong, Esq. NIXON PEABODY LLP 55 West 46th Street New York, New York 10036 Tel: (212) 940-3000 Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free at PacerMonitor.com at: https://www.pacermonitor.com/view/GRGTZWY/Erma_Nominees_Pty_Limited_In_Liquidation__nysbke-21-11703__0001.0.pdf?mcid=tGE4TAMA LIGON 158: Chapter 15 Case Summary ---------------------------------- Chapter 15 Debtor: Ligon 158 Pty Limited (In Liquidation) 26 Flinders Street Adelaide, South Australia 05000 Type of Business: Operated as an investment vehicle with extensive dealings with intercompany borrowing and lending entities within a remarkably complex group of companies controlled and operated by, and use for the personal benefit of, the Binetter family, many of which companies have been the subject of a far-ranging tax investigation by the Australian Taxation Office. The results of that investigation have culminated in multiple legal proceedings against, among other parties, certain banks and members of the Binetter family personally, in connection with an international tax avoidance scheme involving the Debtor and other family companies going back 25 years. Foreign Proceeding: Sheahan and Lock as Liquidators of Milgerd Nominees Pty Ltd (In Liq.) et ors., case no. 2018/00365045 (Sup. Ct. of NSW) Chapter 15 Petition Date: September 30, 2021 Court: United States Bankruptcy Court Southern District of New York Case No.: 21-11706 Judge: Hon. Michael E. Wiles Foreign Representative: John Sheahan Foreign Representative's Counsel: Robert N.H. Christmas, Esq. NIXON PEABODY LLP 55 West 46th New York NY 10022 Tel: (212) 940-3103 Email: rchristmas@nixonpeabody.com - and - Christopher J. Fong, Esq. NIXON PEABODY LLP 55 West 46th Street New York, New York 10036 Tel: (212) 940-3000 Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free at PacerMonitor.com at: https://www.pacermonitor.com/view/NEHFTXY/Ligon_158_Pty_Limited_In_Liquidation__nysbke-21-11706__0001.0.pdf?mcid=tGE4TAMA MARBIN FINANCES: Chapter 15 Case Summary ---------------------------------------- Chapter 15 Debtor: Marbin Finances Pty Limited (In Liquidation) 26 Flinders Street Adelaide, South Australia 05000 Type of Business: Operated as an investment vehicle with extensive dealings with intercompany borrowing and lending entities within a remarkably complex group of companies controlled and operated by, and use for the personal benefit of, the Binetter family, many of which companies have been the subject of a far-ranging tax investigation by the Australian Taxation Office. The results of that investigation have culminated in multiple legal proceedings against, among other parties, certain banks and members of the Binetter family personally, in connection with an international tax avoidance scheme involving the Debtor and other family companies going back 25 years. Foreign Proceeding: Sheahan and Lock as Liquidators of Milgerd Nominees Pty Ltd (In Liq.) et ors., case no. 2018/00365045 (Sup. Ct. of NSW) Chapter 15 Petition Date: September 30, 2021 Court: United States Bankruptcy Court Southern District of New York Case No.: 21-11702 Judge: Hon. Michael E. Wiles Foreign Representative: John Sheahan 26 Flinders Street Adelaide, South Australia 05000 Foreign Representative's Counsel: Robert N.H. Christmas, Esq. NIXON PEABODY LLP 55 West 46th St. New York NY 10022 Tel: (212) 940-3103 E-mail: rchristmas@nixonpeabody.com - and - Christopher J. Fong, Esq. NIXON PEABODY LLP 55 West 46th Street New York, New York 10036 Tel: (212) 940-3000 Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free at PacerMonitor.com at: https://www.pacermonitor.com/view/A22HG5Q/Marbin_Finances_Pty_Limited_In__nysbke-21-11702__0001.0.pdf?mcid=tGE4TAMA RAWBIN FINANCES: Chapter 15 Case Summary ---------------------------------------- Chapter 15 Debtor: Rawbin Finances Pty Limited (in Liquidation) 26 Flinders Street Adelaide, South Australia 05000 Type of Business: Operated as an investment vehicle with extensive dealings with intercompany borrowing and lending entities within a remarkably complex group of companies controlled and operated by, and use for the personal benefit of, the Binetter family, many of which companies have been the subject of a far-ranging tax investigation by the Australian Taxation Office. The results of that investigation have culminated in multiple legal proceedings against, among other parties, certain banks and members of the Binetter family personally, in connection with an international tax avoidance scheme involving the Debtor and other family companies going back 25 years. Foreign Proceeding: Sheahan and Lock as Liquidators of Milgerd Nominees Pty Ltd (In Liq.) et ors., case no. 2018/00365045 (Sup. Ct. of NSW) Chapter 15 Petition Date: September 30, 2021 Court: United States Bankruptcy Court Southern District of New York Case No.: 21-11701 Judge: Hon. Michael E. Wiles Foreign Representative: John Sheahan 26 Flinders Street Adelaide, South Australia 05000 Foreign Representative's Counsel: Robert N.H. Christmas, Esq. NIXON PEABODY LLP 55 West 46th St. New York NY 10022 Tel: (212) 940-3103 E-mail: rchristmas@nixonpeabody.com - and - Christopher J. Fong, Esq. NIXON PEABODY LLP 55 West 46th Street New York, New York 10036 Tel: (212) 940-3000 Estimated Assets: Unknown Estimated Debt: Unknown A full-text copy of the Chapter 15 petition is available for free at PacerMonitor.com at: https://www.pacermonitor.com/view/DXVBLSY/Rawbin_Finances_Pty_Limited_in__nysbke-21-11701__0001.0.pdf?mcid=tGE4TAMA ========= C H I N A ========= CHINA EVERGRANDE: EV Unit in Sweden Seeking New Owners ------------------------------------------------------ Bloomberg News reports that China Evergrande Group's financial woes have spilled over to Sweden, with a unit of the company's electric-vehicle arm in talks to find new backers after cutting 300 jobs. "I'm acting as if things won't be working out with Evergrande," Bloomberg quotes Stefan Tilk, the chief executive officer of National Electric Vehicle Sweden AB, as saying in an interview. "Therefore we have entered discussions with new intended owners or project financiers." He declined to name them, citing non-disclosure agreements, notes Bloomberg. Chinese property developer Evergrande is battling to stay afloat as it contends with more than $300 billion in liabilities. The fallout has rippled through China's economy and global financial markets, and its Hong Kong-listed EV arm is also facing a battle for survival. According to Bloomberg, Evergrande New Energy Vehicle Group Ltd. has recently missed salary payments to some employees, fallen behind on paying suppliers and even stopped free lunches for workers at its research center. As recently as April, it was valued at more than Ford Motor Co., before a precipitous decline that has wiped out almost $83 billion in market cap. Bloomberg relates that NEVS, as the Swedish unit is known, in August gave notice to almost half its 670 workers at the former Saab factory in Trollhattan. There's "no major activity" in the plant, Mr. Tilk said. "The Evergrande situation triggered the decision," he said, notes the report. "These are things I had wanted to do for some time, but now it became necessary, given that Evergrande no longer can finance us." Mr. Tilk said his unit still has money to pay its workers. "We still have money in the company. I can't give an exact date, but we can still manage," he said, notes Bloomberg. "We are talking beyond a few months." Bloomberg says Evergrande NEV last week warned of a "serious shortage of funds," making it likely to miss its already-delayed target of starting mass production next year. The closest the public has come to seeing the cars is the nine models it had on display at flashy exhibit at April's Shanghai auto show. With a license to manufacture cars in China, and a factory in Tianjin, Mr. Tilk is now resting his hopes on NEVS being able to play a key role in Evergrande's ambition to finally bring a car to market. "If there's an asset they own outside of China that they care about, it's NEVS," Mr. Tilk, as cited by Bloomberg, said. "We are an essential piece of the puzzle for them to be able to manage their venture. The question mark is whether they have enough funds, stakeholders, if they'll be able to invest further. I don't know." NEVS was founded in 2012 and bought Saab's assets out of bankruptcy, before running into financial difficulties of its own, Bloomberg notes. It put production of its Saab 9-3 on hold in 2014 before entering into a debt reorganization that lasted almost a year. Evergrande first invested in the company in early 2019 through its EV arm, before lifting its stake later that year. According to Bloomberg, the deal was part of a multi-billion-dollar acquisition spree by Evergrande founder Hui Ka Yan as he embarked on an ambitious push to overtake Elon Musk's Tesla Inc. as the world's biggest EV maker -- a goal that is looking increasingly unreachable as he struggles to rescue his debt-laden empire. 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 Sept. 30, 2021, Fitch Ratings has downgraded to 'C' from 'CC', the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of Chinese homebuilder, China Evergrande Group, and its subsidiaries, Hengda Real Estate Group Co., Ltd and Tianji Holding Limited. Fitch has affirmed the senior unsecured ratings of Evergrande and Tianji at 'C', with a Recovery Rating of 'RR6', as well as the Tianji-guaranteed senior unsecured notes issued by Scenery Journey Limited at 'C', with a Recovery Rating of 'RR6'. The downgrades reflect that Evergrande is likely to have missed interest payment on its senior unsecured notes and entered the consequent 30-day grace period before non-payment constitutes an event of default. S&P Global Ratings' rating for China Evergrande Group (Evergrande) and its subsidiaries Hengda Real Estate Group Co. Ltd. and Tianji Holding Ltd. was lowered to 'CC' from 'CCC' last September 15, 2021. 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-'. CHINA EVERGRANDE: Local Authorities Move to Protect Communities --------------------------------------------------------------- South Morning China Post reports that local authorities in mainland China are taking a hard look at the property projects undertaken by China Evergrande Group, as they ring fence their jurisdictions and communities from a collapse in the world's most indebted developer with US$300 billion of liabilities. At the Yunpu Street area in the Guangdong provincial capital of Guangzhou, where the property magnate Hui Ka-yan first founded Evergrande in 1996, the Canglian community banned the developer from taking part in the reconstruction of a local shanty town, according to a notice last week, the Post relays. The Canglian community was concerned about the cash-starved developer's capacity to complete the work at the 113-hectare project, which is expected to last three years. For Evergrande, the snub by Canglian could be the first domino piece to fall. According to the Post, the developer is involved in the reconstruction of 146 shanty town projects across mainland China, an order book estimated at CNY100 billion (US$15.5 billion) by Kaiyuan Securities. Nine in 10 of them, 131 in all, are located in the Greater Bay Area (GBA) comprising Hong Kong, Macau and 11 cities in southern China. Shenzhen, the headquarters of Evergrande since 2017, had 62 of those projects, according to a separate assessment by TF Securities. Urban reconstruction forms a crucial part of the public works and infrastructure projects under way in China as the world's most populous nation tries to keep the economy humming to keep the labour force employed and sustain domestic consumption, while the global coronavirus pandemic has decimated economies around the world. China has 53,988 of these shanty town works projects in 2021, the Post discloses citing government data. Evergrande's woes don't end there, the report says. The district housing regulator of Nansha in Guangzhou has instructed the developer's local sales office to put all sales proceeds in escrow under the local authority's management to protect the interest of homebuyers and ensure the completion of the project, according to a September 22 notice seen by South China Morning Post. According to the report, other local authorities across the country are resorting to various measures to protect the interest of their communities, as they are anxious to ensure stability and a protest-free period during the ruling Communist Party's centenary. The authorities of at least nine provinces and regions across China had put the management of Evergrande's housing projects under some kind of state management, Caixin reported earlier, citing an unnamed person close to Evergrande's management, the Post relays. The Post relates that the moves by the local authorities underscore why Hui, also known as Xu Jiayin in his native Henan province, was forced to make a show of pledging to complete and deliver all of Evergrande's projects. The magnate, who is also a delegate to the Chinese legislature's advisory body, made his senior executives sign a pledge on September 1 to ensure every home and project undertaken by his group is handed over. Still, local authorities are not taking their chances, says the Post. The Nanhai district of the Guangdong provincial city of Foshan in the GBA has ordered those Evergrande projects that are still under construction to be taken off the list as approved collaterals for mortgages and other loans, according to the report. In Hong Kong, where Evergrande's inaugural housing project Emerald Bay in Tuen Mun has flopped, commercial banks like HSBC and ICBC (Asia) have stopped approving mortgage loans associated with the development since July because of concerns over its ability to finish the project. 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 Sept. 30, 2021, Fitch Ratings has downgraded to 'C' from 'CC', the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of Chinese homebuilder, China Evergrande Group, and its subsidiaries, Hengda Real Estate Group Co., Ltd and Tianji Holding Limited. Fitch has affirmed the senior unsecured ratings of Evergrande and Tianji at 'C', with a Recovery Rating of 'RR6', as well as the Tianji-guaranteed senior unsecured notes issued by Scenery Journey Limited at 'C', with a Recovery Rating of 'RR6'. The downgrades reflect that Evergrande is likely to have missed interest payment on its senior unsecured notes and entered the consequent 30-day grace period before non-payment constitutes an event of default. S&P Global Ratings' rating for China Evergrande Group (Evergrande) and its subsidiaries Hengda Real Estate Group Co. Ltd. and Tianji Holding Ltd. was lowered to 'CC' from 'CCC' last September 15, 2021. 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-'. CHINA EVERGRANDE: Share Trading Suspended as Debt Test Looms ------------------------------------------------------------ Bloomberg News reports that shares in China Evergrande Group and its property management unit were suspended from trading on Oct. 4, as a fresh debt test loomed for the developer underscoring broader risks that have left credit markets on edge. Hopson Development Holdings Ltd., whose shares were also suspended, plans to acquire a 51% stake in Evergrande Property Services Group Ltd. Bloomberg relates citing Chinese financial news platform Cailian, citing unidentified people. Cailian amended an earlier report to say the deal would give the unit a valuation of more than HK$40 billion ($5.1 billion). Bloomberg says uncertainty over the full extent of Evergrande's debt load, beyond its more than $300 billion reported in liabilities, has plagued investors since a liquidity crisis at the firm stoked fears of a collapse that could trigger financial and economic contagion. Having already fallen behind on payments to banks, suppliers and holders of onshore investment products, it also hasn't given any indication that it paid two recent dollar bond coupons. According to Bloomberg, people familiar with the matter have said that a dollar note maturing Oct. 3 issued at an initial amount of $260 million by an entity called Jumbo Fortune Enterprises is guaranteed by Evergrande. As the maturity is a Sunday, the effective due date is Monday. The issuer is a joint venture whose owners include Hengda Real Estate, Evergrande's main onshore unit. Non-payment of the bond principal would constitute a default as the note has no grace period, although five business days would be allowed if failure to pay is down to administrative and technical error, according to the people cited by Bloomberg. Details of the guarantees weren't broadly known as the note prospectus isn't publicly available and the deal wasn't listed on exchanges. Monday was a holiday in China, Bloomberg notes. 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 Sept. 30, 2021, Fitch Ratings has downgraded to 'C' from 'CC', the Long-Term Foreign-Currency Issuer Default Ratings (IDRs) of Chinese homebuilder, China Evergrande Group, and its subsidiaries, Hengda Real Estate Group Co., Ltd and Tianji Holding Limited. Fitch has affirmed the senior unsecured ratings of Evergrande and Tianji at 'C', with a Recovery Rating of 'RR6', as well as the Tianji-guaranteed senior unsecured notes issued by Scenery Journey Limited at 'C', with a Recovery Rating of 'RR6'. The downgrades reflect that Evergrande is likely to have missed interest payment on its senior unsecured notes and entered the consequent 30-day grace period before non-payment constitutes an event of default. S&P Global Ratings' rating for China Evergrande Group (Evergrande) and its subsidiaries Hengda Real Estate Group Co. Ltd. and Tianji Holding Ltd. was lowered to 'CC' from 'CCC' last September 15, 2021. 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-'. ========= I N D I A ========= AMUL FEED: Ind-Ra Lowers Long-Term Issuer Rating to 'D' ------------------------------------------------------- India Ratings and Research (Ind-Ra) has downgraded Amul Feed Private Limited's (AFPL) Long-Term Issuer Rating to 'IND D (ISSUER NOT COOPERATING)' from 'IND BB (ISSUER NOT COOPERATING)'. The instrument-wise rating actions are: -- INR117.5 mil. Fund-based working capital limit downgraded with IND D (ISSUER NOT COOPERATING) rating; and -- INR19.67 mil. Long-term loans due on September 2020 downgraded with IND D (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on the best available information. The downgrade reflects AFPL's delays in debt servicing and over-utilization of the fund-based limits, from March to July 2021. KEY RATING DRIVERS The delays in AFPL's debt servicing and overutilization in the fund-based limits resulted from the company's tight liquidity position. RATING SENSITIVITIES Positive: Timely debt servicing for at least three consecutive months could result in a rating upgrade. COMPANY PROFILE Incorporated in December 2003, AFPL has a hatchery unit and manufactures poultry feed at its installed capacity of 43,200 metric tons per annum in Ranipur (Patna). ANADI RICE: CARE Lowers Rating on INR15cr LT Loan to C ------------------------------------------------------ CARE Ratings revised the ratings on certain bank facilities of Anadi Rice Mill Private Limited (ARMPL), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 15.00 CARE C; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B- Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 29, 2020, placed the rating(s) of ARMPL under the 'issuer non-cooperating' category as ARMPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. ARMPL continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated August 15, 2021, August 25, 2021, September 4, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to a facility of ARMPL have been revised on account of non-availability of requisite information. Anadi Rice Mill Private Ltd (ARMPL) set up as a proprietorship entity in 2005 by Dudhwewala family of Kolkata, West Bengal, belongs to the Anadi group of companies, a diversified industrial group having interest in textile, cement, steel, etc. with Mr Shankar Prasad Dudhwewala, founder of the group, having an extensive experience in providing services to various government agencies on food storage system. ARMPL is primarily engaged in the processing and milling of non-basmati parboiled rice and was initially set up with an installed capacity of 18,000 Metric Tonne Per Annum (MTPA). Subsequently, in 2009 the entity was converted into a private limited company and the capacity was increased to 60,000 MTPA. The milling unit of the company is located in Paschim Midnapore district, West Bengal. Apart from rice milling the company has opened an atta chakki unit in 2014 with a capacity of 45,000 MTPA. ASIAN HANDICRAFTS: Ind-Ra Moves B+ Issuer Rating to Non-Cooperating ------------------------------------------------------------------- India Ratings and Research (Ind-Ra) has migrated Asian Handicrafts Private Limited's Long-Term Issuer Rating to the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will now appear as 'IND B+ (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR135.74 mil. Fund-based facilities migrated to non- cooperating category with IND B+ (ISSUER NOT COOPERATING)/IND A4 (ISSUER NOT COOPERATING) rating; and -- INR4.26 mil. Term loan due on June 2033 migrated to non- cooperating category with IND B+ (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: The ratings were last reviewed on August 31, 2020. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE Incorporated in 2003, Asian Handicrafts manufactures handicrafts such as picture frames, decorative items, jewelry boxes and fashion jewelry and exports to Australia, Japan, the UK, other European countries, the UAE, the US and others. B.L. AGRO: Ind-Ra Keeps 'BB' LT Issuer Rating in Non-Cooperating ---------------------------------------------------------------- India Ratings and Research (Ind-Ra) has maintained B.L. Agro Oils Limited's Long-Term Issuer Rating in the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will continue to appear as 'IND BB (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are as follows: -- INR2.750 bil. Fund-based working capital limit maintained in non-cooperating category with IND BB (ISSUER NOT COOPERATING) / IND A4+ (ISSUER NOT COOPERATING) rating; and -- INR770 mil. Term loan maintained in non-cooperating category with IND BB (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on the best-available information COMPANY PROFILE B.L. Agro Oils, incorporated in 1999, is engaged in the trading, processing and manufacturing of edible oils, namely rice bran, mustard, soya, refined palmolein and others. CHEMIETRON CLEAN: CARE Keeps D Debt Ratings in Not Cooperating -------------------------------------------------------------- CARE Ratings said the ratings for the bank facilities of Chemietron Clean Tech Private Limited (CCTPL) continue to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 5.46 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Long Term/ 1.00 CARE D/CARE D; ISSUER NOT Short Term COOPERATING; Rating continues Bank Facilities to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 16, 2020, placed the rating(s) of CCTPL under the 'issuer non-cooperating' category as CCTPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. CCTPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated August 2, 2021, August 12, 2021, August 22, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). CCTPL was incorporated in May 2008 as a private limited company by three promoters led by Mr. Ashok Gupta (Age:73 years). Mr. Ashok Gupta has a long industry experience of around 43 years. CCTPL is engaged in the business of manufacturing and trading of air filters and air handling units. CCTPL operates from its ISO 9001:2008 certified manufacturing facilities located at Ahmedabad (Gujarat). CCTPL is selling its cleanroom technology product under the brand name of "Chemietron" and air filters under the brand name of Hygi. DEVGHAR ISPAT: CARE Keeps C Debt Rating in Not Cooperating ---------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Devghar Ispat (DI) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 8.50 CARE C; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 29, 2020, placed the rating(s) of DI under the 'issuer noncooperating' category as DI had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. DI continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated August 15, 2021, August 25, 2021, September 4, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of DI have been revised on account of non-availability of requisite information. Devghar Ispat (DI) was established as a partnership firm in July 2016 by Mr. Ajay Kumar Agarwal, Mr. Vijay Kumar Agarwal and Mr. Sanjay Kumar Agarwal based out of Raigarh, Chhattisgarh. The firm has been engaged in trading of iron and steel products like billets, ingots and TMT bars etc. GMR WARORA: Ind-Ra Cuts Non-Convertible Debentures Rating to 'D' ---------------------------------------------------------------- India Ratings and Research (Ind-Ra) has downgraded GMR Warora Energy Limited's (GWEL) non-convertible debentures' (NCDs) rating to 'IND D' from 'IND C' as follows: -- INR750 mil. NCDs* downgraded with IND D rating. * Details given in annexure The downgrade reflects GWEL's non-payment of interest and non-redemption of NCDs due on September 25, 2021. The NCDs were required to be redeemed by September 25, 2021, following an exercise of put option by the only investor. KEY RATING DRIVERS Insufficient power purchase tie-ups adversely impacting revenue and an increase in the receivable position in FYE21 to 159 days (FYE20: 89 days) have led to stress in GWEL's cash flows. According to GWEL, it has initiated the process of implementing a resolution plan. It has submitted a debt restructuring proposal, which is under review by the lenders. GWEL has a long-term take-or-pay power purchase agreement with Maharashtra State Electricity Distribution Limited (200MW net capacity; valid until March 2039) and Tamil Nadu Generation and Distribution Corporation Limited ('IND BBB'/Negative; 150MW net capacity; valid until September 2028). The power purchase agreement with Dadra and Nager Haveli for 200MW net capacity expired in June 2020. RATING SENSITIVITIES Positive: Firming up of a revised debt structure by the lenders and NCD investor, timely payment of interest and absence of event of default for three successive months will be positive for the rating. COMPANY PROFILE GWEL is a special purpose vehicle incorporated to build, maintain and operate a 600MW (two units of 300MW each) coal-fired, subcritical technology-based thermal power plant in Warora, Maharashtra. GMR Energy Limited is the primary sponsor of the project, with 100% equity investment. GMR Energy is held by GMR Infrastructure Limited (52%), Tenaga Nasional Berhad (30%) and private equity investors (18%). JAYPEE INFRATECH: NCLT to Hear Plea on Suraksha's bid on Oct. 26 ---------------------------------------------------------------- Business Standard reports that the National Company Law Tribunal (NCLT) on September 28 directed to list the pleas related to the Suraksha group's bid to acquire debt-ridden realty firm Jaypee Infratech on October 26 for hearing. According to Business Standard, the matter was listed for hearing on September 28, however, due to paucity of time, the bench directed to list it on October 26. The report relates that the Delhi-based Principal bench of the tribunal, comprising Acting President Bhaskara Pantula Mohan and Member Sumita Purkayastha said it will hear all the applications filed in the matter one by one, supporting Suraksha group's bid or dissenting with it. A total 11 applications have been filed by consenting and dissenting creditors before the tribunal over the Suraksha group's bid. During the proceedings, advocate Sumant Batra, representing the resolution professional of Jaypee Infratech said the Suraksha group's offer has been approved by 98.66 per cent votes, Business Standard says. ICICI Bank, a financial creditor, has opposed the deal while promoters Jaiprakash Associates Limited (JAL) and Yamuna Expressway Industrial Development Authority has filed objections, according to the report. In June, financial creditors of Jaypee Infratech Ltd (JIL) picked Mumbai-based Suraksha group over state-owned NBCC for taking over the insolvent firm, Business Standard recalls. The CoC's approval has given hopes to thousands of homebuyers that they may finally get possession of their flats after many years of delay. In a tight finish, the Suraksha group received 98.66 per cent votes compared to NBCC's 98.54 per cent. This was the fourth round of bidding to find a buyer for JIL, which went into the Corporate Insolvency Resolution Process (CIRP) in August 2017. After the CoC's approval, the Suraksha group's offer has to be cleared by the National Company Law Tribunal (NCLT). A successful resolution of JIL will provide a big relief to over 20,000 homebuyers across various housing projects launched by the realty developer in Noida and Greater Noida (Uttar Pradesh), Business Standard states. In its final resolution plan, Suraksha group has offered to banks over 2,500 acres of land and nearly INR1,300 crore by way of issuing non-convertible debentures. It has promised to complete the construction of pending flats over the next 42 months. About Jaypee Infratech Jaypee Infratech Limited (JIL) is engaged in the real estate development. The Company's business segments include Yamuna Expressway Project and Healthcare. The Company's Yamuna Expressway Project is an integrated project, which inter alia includes construction of 165 kilometers long six lane access controlled expressway from Noida to Agra with provision for expansion to eight lane with service roads and associated structures on build, own, operate and transfer basis. The Company provides operation and maintenance of Yamuna Expressway for over 36 years, collection of toll and the rights for development of approximately 25 million square meters of land for residential, commercial, institutional, amusement and industrial purposes at over five land parcels along the expressway. The Healthcare business segment includes hospitals. The Company has commenced development of its Land Parcel-1 at Noida, Land Parcel-3 at Mirzapur and Land Parcel-5 at Agra. JIL features in the Reserve Bank of India's first list of non-performing assets accounts and had debt exposure of over INR9,783 crore as of September 2017. The parent company, Jaiprakash Associates Ltd. (JAL), owes more than INR29,000 crore to various banks. On Aug. 8, 2017, the National Company Law Tribunal (NCLT), Allahabad bench accepted lender IDBI Bank's plea and classified JIL as an insolvent company. With this, the board of directors of the company remains suspended. Anuj Jain was appointed as Interim Resolution Professional (IRP) to manage the company's business. The IRP had invited bids from investors interested in acquiring JIL and completing the stuck real estate projects in Noida and Greater Noida. JOVIAL STAINLESS: CARE Keeps D Debt Rating in Not Cooperating ------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Jovial Stainless Steel and Alloys (JSS) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 15.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 2, 2020, placed the rating(s) of JSS under the 'issuer non-cooperating' category as JSS had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. JSS continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 19, 2021, July 29, 2021 and August 8, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Jovial Stainless Steel and Alloys (JSS) was established as a proprietorship concern in July 2017 and the firm is currently being managed by Mr. Ashok Bansal. JSS is established with an aim to set up two manufacturing facilities at Kaithal, Haryana for manufacturing of Stainless steel (SS) tubes, SS Pipes, SS sections, SS rods, strips and coils with an aggregate installed capacity of manufacturing 10800 metric tonnes of Stainless-steel products per annum. The commercial operations of Unit I commenced in March 2018. And the commercial operation of Unit II is expected to commence from August 2018. Further, the firm is ISO 9001:2015 certified. KANPUR EDIBLES: Ind-Ra Keeps BB Issuer Rating in Non-Cooperating ---------------------------------------------------------------- India Ratings and Research (Ind-Ra) has maintained Kanpur Edibles Private Limited's Long-Term Issuer Rating in the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will continue to appear as 'IND BB (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR400 mil. Fund-based limit maintained in non-cooperating category with IND BB (ISSUER NOT COOPERATING) / IND A4+ (ISSUER NOT COOPERATING) rating; and -- INR4.0 bil. Non-fund-based limit maintained in non-cooperating category with IND BB (ISSUER NOT COOPERATING)/ IND A4+ (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: The ratings were last reviewed on July 11, 2020. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE Kanpur Edibles, incorporated in 1990, manufactures refined edible oil, vansapati and soya chunks, soya de-oiled cakes at its plant in Kanpur, Uttar Pradesh. KARYAVATTOM SPORTS: Ind-Ra Keeps D Bank Rating in Non-Cooperating ----------------------------------------------------------------- India Ratings and Research (Ind-Ra) has maintained Karyavattom Sports Facilities Limited's bank loans in the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will continue to appear as 'IND D (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating action is: -- INR2.415 bil. Senior project bank loans maintained in the non- cooperating category with IND D (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING; the ratings were last reviewed on July 30, 2019. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE Karyavattom Sports Facilities is a special purpose vehicle sponsored by ITNL. It was set up to develop a multi-purpose greenfield stadium in Karyavattom, Thiruvananthapuram, Kerala, on a design, build, operate and transfer annuity basis. KATHPAL DAIRIES: CARE Keeps D Debt Rating in Not Cooperating ------------------------------------------------------------ CARE Ratings said the rating for the bank facilities of Kathpal Dairies (KDS) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 19.60 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 28, 2020, placed the rating(s) of KDS under the 'issuer noncooperating' category as KDS had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. KDS continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 14, 2021, July 24, 2021 and August 3, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Kathpal Dairies (KDS) is a proprietorship firm established in October 2010 by Mr. Rakesh Kumar. KDS is engaged in processing of milk which includes pasteurization and chilling at its facility located in Moga, Punjab (Unit I) with an installed capacity of chilling 9.12 crore liters of milk per annum. KDS procures the non-pasteurized milk from local milk dairies in Moga, Punjab. The firm sells the pasteurized milk to various dealers and wholesalers located mainly in Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir and Delhi. KILBURN CHEMICALS: CARE Keeps D Debt Rating in Not Cooperating -------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Kilburn Chemicals Limited (KCL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 206.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated June 29, 2020, continued the ratings of KCL under the 'issuer non-cooperating' category as KCL had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. KCL continues to be non-cooperative despite repeated requests for submission of information through phone calls and an email dated May 15, 2021 among others. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above ratings. Detailed description of the key rating drivers At the time of last rating on June 29, 2020 the following were the rating strengths and weaknesses (updated for the information available from stock exchange fillings): Key Rating Weaknesses * Ongoing delays in debt servicing: There are ongoing delays in debt servicing by the company. The titanium dioxide (TiO2) plant commissioned by the company in March 2018 is not operational. The company is under Corporate Insolvency Resolution Process (CIRP) since August 2020. * Delays in the stabilization of plant: The company announced commencement of commercial operations on March 22, 2018. However, the plant faced issues in stabilization in some of the processes and the production cycle was not smooth. The entire operation was shut down from October 2018 because of liquidity and technical issues. KCL was incorporated in August 1990 as Southern Tioxide Ltd. It was taken over by the current promoter, Mr. Sandeep Kumar Jalan (MD of KCL) in 1992. The company had set up a TiO2 (Anatase grade) plant in Tuticorin, Tamil Nadu with an installed capacity of 10 ton/day (TPD) which commenced operation in the year 1994. The plant was sold in October 2011 due to operational issues. Meanwhile, in March 2011, KCL had been allotted land in Dahej, Gujarat for setting up a second TiO2 manufacturing facility. KCL has set up a new facility for manufacturing rutile grade TiO2 through sulphate route with an installed capacity of 16,500 TPA (with 49,500 TPA capacity of Ferrous Sulphate Heptahydrate (FSH) as byproduct) in Gujarat in Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR). MAHAKALESHWAR INFRATECH: Ind-Ra Moves BB+ Rating to Non-Cooperating ------------------------------------------------------------------- India Ratings and Research (Ind-Ra) has migrated Mahakaleshwar Infratech Private Limited's Long-Term Issuer Rating to the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will now appear as 'IND BB+ (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR22 mil. Fund-based limit migrated to non-cooperating category with IND BB+ (ISSUER NOT COOPERATING) / IND A4+ (ISSUER NOT COOPERATING) rating; and -- INR678 mil. Non-fund-based limit migrated to non-cooperating category with IND A4+ (ISSUER NOT COOPERATING). Note: ISSUER NOT COOPERATING: The ratings were last reviewed on September 9, 2020. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE Mahakaleshwar Infratech undertakes engineering, procurement and construction contracts, primarily road construction for various government departments such as Uttar Pradesh Public Work Department and National Highways Authority of India 'IND AAA'/Stable). NHC FOODS: Ind-Ra Gives BB+ Long-Term Issuer Rating, Outlook Stable ------------------------------------------------------------------- India Ratings and Research (Ind-Ra) has affirmed NHC Foods Limited's (NHC) Long-Term Issuer Rating at 'IND BB+'. The Outlook is Stable. The instrument-wise rating action is: -- INR255 mil. (increased from INR205 mil.) Fund-based working capital limits affirmed with IND BB+/Stable /IND A4+ rating. KEY RATING DRIVERS The affirmation reflects NHC's continued medium scale of operations. The revenue grew to INR1,498.19 million in FY21 (FY20: INR1,281.80 million) due to a steady flow of orders from a diversified customer base. Its revenue share from the export market increased to 60% in FY21 (FY20: 46%). The COVID-19 pandemic did not affect the overall business since the company operates in the food industry which is an essential service. In fact, more orders were received for grains such as wheat and maize. The management expects to achieve INR1,650 million in in revenue in FY22. In addition, NHC has received a license under the Target Plus Scheme, under which it can carry out duty-free imports up to the limit of INR150 million. NHC's revenue fell to INR291 million during 1QFY22 (1QFY21: INR329 million), due to an increase in freight rates because of a shortage of vessels, which led to slow movement of stock. As of September 6, 2021, NHC had orders of INR140 million to be delivered between September-end 2021 to October 2021. The ratings factor in NHC's improved-yet-modest EBITDA margins. Its margins expanded to 3.09% in FY21 (FY20: 2.76%) owing to a decrease in the cost of materials to 91.61% (93.13%). According to the management, NHC imported spices at a cheaper price under Advance Authorization Scheme which allows duty-free imports, ground them in-house and exported to different countries. The company's return on capital employed stood at 7% in FY21 (FY20: 6%). The margins contracted to 2.43% in 1QFY22 (1QFY21: 3.25%) on account of an increase in other expenses. However, the management expects its margin to remain modest at 2.8%-3% in FY22 owing to the trading nature of its business, while it will prevent any fall in the margins because of the recent volatility of freight charges by passing the same to its customers. The ratings further factor in NHC's average credit metrics. The company's interest coverage (operating EBITDA/gross interest expense) marginally improved to 2.78x in FY21 (FY20: 2.20x) by repaying its high interest-bearing business loans and availing low interest loans under the Emergency Credit Line Guarantee Scheme. The net leverage (total adjusted debt/operating EBITDA) deteriorated to 7.64x in FY21 (FY20: 6.98x) due to an increase in total debt to INR365.33 million (INR258.62 million). The agency expects NHC's credit metrics to improve in the near term owing to the scheduled repayment of loans and the absence of capex plans. Liquidity Indicator - Stretched: NHC's peak average utilization of fund-based working capitals was 97.29% during the 12 months ended August 2021. The cash flow from operations continued being negative at INR73.74 million in FY21 (FY20: negative INR71.69 million) due to the stretched working capital of negative INR98.32 million (FY20: negative INR107.16 million). The working capital cycle marginally increased to 60 days in FY21 (FY20: 58 days) as the company's inventory days increased to 54 (44), creditors days reduced to 43 (55) and debtor days reduced to 49 days (68 days). It also availed a temporary overdraft of INR20 million in August 2021 for a working capital requirement. The company's repayment obligation for FY22 is INR51.28 million; of which INR33.87 million was availed for export bill discounting and will be repaid by realizations from debtors till October 2021. Meanwhile, NHC's cash and cash equivalents remained modest at INR11.12 million in FY21 (FY20: INR11.25 million). The ratings, however, are supported by NHC's longstanding relationships of over four decades with its customers and suppliers which it leverages to bag orders. RATING SENSITIVITIES Negative: Increased working capital requirements and tightening of the liquidity profile along with the interest coverage reducing below 2x on a sustained basis, would be negative for the ratings. Positive: Substantial improvement in the revenue and profitability, while maintaining the working capital cycle, on a sustained basis, would be positive for the ratings. COMPANY PROFILE NHC was incorporated in 1960 by Himatlal Shah. The company is engaged in the processing and trading of spices, food grains and ready-to-eat snacks. The company's processing unit has an installed capacity of 18,900 million tons per annum. NUTRIENT MARINE: CARE Keeps D Debt Rating in Not Cooperating ------------------------------------------------------------ CARE Ratings said the rating for the bank facilities of Nutrient Marine Foods Limited (NMFL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term/ 40.00 CARE D/CARE D; ISSUER NOT Short Term COOPERATING; Rating continues Bank Facilities to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 9, 2020, placed the rating(s) of NMFL under the 'issuer non-cooperating' category as NMFL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. NMFL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 26, 2021, August 5, 2021, and August 15, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Nutrient Marine Foods Limited (NMFL) was incorporated in the year 2011, promoted by Shri G Rama Reddy, Shri G Rama Krishan Reddy and Shri G Venkat Reddy. NMFL is a part of Reddy & Reddy group and also has five other associate companies. NMFL started its business operations from April 2012 with FY13 being first full year of operations. NMFL is engaged in the processing and exporting of shrimps (Black Tiger and Vannamei) of different varieties like Head-On, Head-less, Tail-on, Tail-off, De-veined, etc. mainly to China, Vietnam, Malaysia, Germany and UK. It has a processing-cum-storage facility with a processing capacity of 30MTPD (metric tonnes per day) of shrimp, four plate freezers with a freezing capacity of 15 MTPD and Individual Quick Freezer with a freezing capacity of 10 MTPD and two flake ice machines with a capacity of 30 tonnes per day and cold storage facilities with a capacity of 600 MT for preserving processed seafood. The processing facility has been taken on lease, close to aquaculture zone in Bhimavaram. OMAX AUTOS: Ind-Ra Lowers Long-Term Issuer Rating to 'D' -------------------------------------------------------- India Ratings and Research (Ind-Ra) has downgraded Omax Autos Limited's Long-Term Issuer Rating to 'IND D (ISSUER NOT COOPERATING)' from 'IND BB (ISSUER NOT COOPERATING'. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Thus, the rating is based on the best-available information. Therefore, investors and other users are advised to take appropriate caution while using the rating. The rating will now appear as 'IND D (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR850 mil. Fund-based working capital limits (Long- term/Short-term) downgraded with IND D (ISSUER NOT COOPERATING) rating; -- INR350 mil. Non-fund-based working capital limits (Short-term) downgraded with IND D (ISSUER NOT COOPERATING) rating; and -- INR1,553.3 bil. Term loans (Long-term) issued on FY27 downgraded with IND D (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on the best-available information. The downgrade reflects a delay in the repayment of loans by Omax in FY22. KEY RATING DRIVERS Based on information available in the public domain, Omax delayed the repayment of interest-free loans from the Pradeshiya Industrial & Investment Corporation of U.P. Ltd. (PICUP) in FY22. COMPANY PROFILE Founded in 1983, Omax, a publicly-listed company, with promoters owing a 57.4% stake. It manufactures a variety of auto parts for commercial vehicles. The company also manufactures end walls, underframe, front part, and bio-digester retention tank for railways. Omax exited the two-wheeler segment in 4QFY19. It has four manufacturing plants, located in Bawal (Haryana), Lucknow (Uttar Pradesh), Pant Nagar (Uttarakhand), and Raebareli (Uttar Pradesh), which caters to the commercial vehicle segment, was commissioned in January 2021. The company closed down two plants at Binola (Haryana) and Bengaluru (Karnataka) due to commercial non-viability. It is setting up a plant near Lucknow to expand its railways segment. OSCAR INVESTMENTS: Ind-Ra Keeps 'C' NCD Rating in Non-Cooperating ----------------------------------------------------------------- India Ratings and Research (Ind-Ra) has maintained Oscar Investments Limited's term loans in the non-cooperating category. The issuer did not participate in the rating exercise, despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The instrument-wise rating actions are: -- INR1.50 bil. NCDs* (Long-term) maintained in non-cooperating category with IND C (ISSUER NOT COOPERATING) rating; and -- INR5.0 bil. Long-term bank loan (Long-term) maintained in non- cooperating category with IND D (ISSUER NOT COOPERATING) rating. * Unutilized Note: ISSUER NOT COOPERATING: The ratings were last reviewed on July 14, 2017. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. The ratings on NCDs have been maintained at 'IND C (ISSUER NOT COOPERATING)' as these were unutilized as per last data made available to the agency. COMPANY PROFILE Oscar is a listed group company of RHC Holding Private Limited. RHC Holding, along with Malav Holdings Private Limited and Shivi Holdings Private Limited, holds 69% of Oscar's equity shares. On March 31, 2017, Oscar held stakes in several unlisted subsidiaries and group companies. RHC HOLDING: Ind-Ra Keeps 'D' Debt Rating in Non-Cooperating ------------------------------------------------------------ India Ratings and Research (Ind-Ra) has maintained RHC Holding Private Limited's (RHC) debt ratings in the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will continue to appear as 'IND D (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR2.0 bil. Secured long-term NCDs (Long-term) ISIN INE657K07213 issued on December 27, 2013 with coupon rate13.60% due on December 27, 2018 maintained in non- cooperating category with IND D (ISSUER NOT COOPERATING) rating; and -- INR750 mil. Secured long-term bank loans (Long-term) maintained in non-cooperating category with IND D (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: The ratings were last reviewed on July 14, 2017. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE RHC was incorporated in 2007 as Solaries Finance Pvt. Ltd. It was renamed in November 2008. The company is a closely-held investment company, held by Malvinder Mohan Singh and Shivinder Mohan Singh. As of March 31, 2017, RHC held stakes in several unlisted subsidiaries and group companies. S.S. AGRI BUSINESS: CARE Keeps B- Debt Rating in Not Cooperating ---------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of S.S. Agri Business Private Limited (SABPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 11.53 CARE B-; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 25, 2020, placed the rating(s) of SABPL under the 'issuer non-cooperating' category as SABPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SABPL continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated August 11, 2021, August 21, 2021, August 31, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which, however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). S.S. Agri Business Private Limited (SSABPL), incorporated in 1997, commenced operation from February 2011. The company is engaged in processing and milling of rice. The milling unit of SSABPL is located at Balasore, Orissa with processing capacity of 28,800 Metric Ton Per Annum (MTPA). SSABPL procures paddy from farmers & local agents and sells its products through the wholesalers and distributors in Odisha, West Bengal, Bihar, Andhra Pradesh, etc. and also exports to Bangladesh (15% of FY17 sales). The company also has premium flagship brand named 'Nirmalya'. The company sells its products through wholesalers and distributors spreading all across Orissa, West Bengal, Andhra Pradesh, etc. The company also exports its products to Bangladesh. Mr. Chunnilal Gupta (aged, 57 years), having more than three decades of experience in the rice milling industry, looks after the day-to-day operations of the company. He is supported by director Mr. Rajendra Kumar Gupta (aged, 51 years) and a team of experienced professionals. SAGAR INDUSTRIES: Ind-Ra Moves B+ Issuer Rating to Non-Cooperating ------------------------------------------------------------------ India Ratings and Research (Ind-Ra) has migrated Sagar Industries & Distilleries Private Limited's Long-Term Issuer Rating to the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will now appear as 'IND B+ (ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR240 mil. Fund-based limit migrated to non-cooperating category IND B+ (ISSUER NOT COOPERATING) rating; and -- INR10 mil. Non-fund-based limit (sublimit of cash credit) migrated to non-cooperating category with IND A4 (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: The ratings were last reviewed on September 7, 2020. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE Incorporated in 1999, Sagar Industries & Distilleries manufactures portable and non-portable alcohol at its facility in Nashik, Maharashtra. SHIV SHAKTI: CARE Lowers Rating on INR2.50cr LT Loan to C --------------------------------------------------------- CARE Ratings revised the ratings on certain bank facilities of Shiv Shakti Fibre Udyog (SSFU), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 2.50 CARE C; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B-; Stable Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 2, 2020, placed the rating(s) of SSFU under the 'issuer non-cooperating' category as SSFU had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SSFU continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 19, 2021, July 29, 2021 and August 8, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings of SSFU have been revised on account of non-availability of requisite information. Shiv Shakti Fibre Udyog (SSFU) was established in 2001 as a proprietorship concern by Mr. Vinay Bansal, which was later converted into partnership firm in 2007 with inclusion of Mr. Rajesh Prasad as a partner. SSFU is engaged in manufacturing of Fibre Reinforced Plastic (FRP) sheets under the brand name "Rooffit". The Product profile largely comprises of FRP roofing sheets, turbo ventilators, water gutters, doors frames etc. The company has two manufacturing facilities located in Faridabad and Sampla in Haryana State. SHRINIWASA PROTEINS: Ind-Ra Assigns 'B+' Long-Term Issuer Rating ---------------------------------------------------------------- India Ratings and Research (Ind-Ra) has assigned Shriniwasa Proteins Private Limited (SPPL) a Long-Term Issuer Rating of 'IND B+'. The Outlook is Stable. The instrument-wise rating action is: -- INR800 mil. Proposed fund-based working capital* assigned with IND B+/Stable rating. *Unallocated KEY RATING DRIVERS The ratings reflect the time and cost overrun risks associated with SPPL's under-construction solvent extraction plant. The management plans to start production September 2021 onwards in a phased manner; it will start with the refinery and purchase its main raw material crude oil from the market initially. Furthermore, from December 2021, SPPL plans to start its crushing plant to produce crude edible oil. It is a brownfield project constructed on an area of 27 acres of land in Taluka, Malkapur (Maharashtra), which will manufacture crude oil from soya seeds, where the main raw material will be procured from the local suppliers based in the nearby districts. After the crude oil is produced, the by-product generated will be used to produce de-oiled cakes which will be sold as cattle feed. The total cost of the project is INR286.20 million, which will be funded by the promoter's fund totally. The promoter's contribution has already been infused and the management plans to fund INR800 million of fund-based limits from the bank to meet the working capital requirements. The company is yet to tie-up with the bank facilities. Liquidity Indicator – Poor: Ind-Ra expects SPPL's liquidity to be poor initially due to the absence of any funds available to meet the working capital requirements. Given the installed capacity of the plant, the management expects to book revenue of INR5,693.60 million from the eight months of operation in FY22. While the agency expects the operations to scale up over the long run, they will remain medium. The management expects margins in FY22 to remain thin in the range of 1.9% to 2.74% based on the additional set of cost associated during the initial stages of production. All the numbers are based on the project report. The ratings are, however, supported by SPPL's experienced promoters having a decade-long experience in the processing and extraction of edible oil. RATING SENSITIVITIES Positive: The timely commencement and completion of operations and the subsequent achievement of a stable operating profitability will be positive for the ratings. Negative: Any delays in the commencement of commercial operations or delays in achieving stability in the operating performance post the commencement, affecting the debt serviceability capability of the company, could be negative for the ratings. COMPANY PROFILE Incorporated in December 2020, SPPL is promoted by Shivam Sanjay Singare, Pramod Narharrao Jadhav, Unmesh Bhaiyasaheb Patil, and Anuj Manoharravaji Shingare. The promoter group is known as Singare Brothers which has been in the same business from 45-50 years. The factory has three sections of operation - oil refinery plant, oil extraction and de-oil cake manufacturing plant, and oil packaging unit. SHYAM TEA: CARE Lowers Rating on INR6.90cr LT Loan to C ------------------------------------------------------- CARE Ratings revised the ratings on certain bank facilities of Shyam Tea Plantation (STP), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 6.90 CARE C; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Revised from CARE B- Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 30, 2020, placed the rating(s) of STP under the 'issuer non-cooperating' category as STP had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. STP continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated August 16, 2021, August 26, 2021, September 5, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of STP have been revised on account of non-availability of requisite information. STP was established as a partnership firm in August 2012 by Shri Kamal Jalan, Shri Devidutt Beriya, Shri Sunil Kumar Agarwalla, Shri Binod Kumar Saraf and Smt. Jyotirekha Goswami, based out of Jorhat, Assam. STP undertook an initial project of setting up a tea manufacturing unit at Jorhat, Assam and the manufacturing unit commenced operation since August 2013 with an installed capacity of 15,00,000 kg per annum. STP undertook an expansion activity in FY15 whereby the existing processing capacity of 15,00,000 kg per annum has been enhanced to 20,00,000 kg per annum. SILVER ESTATE: CARE Lowers Rating on INR4.77cr LT Loan to C ----------------------------------------------------------- CARE Ratings revised the ratings on certain bank facilities of Silver Estate Resort (SER), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 4.77 CARE C; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B; Stable Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 21, 2020, placed the rating(s) of SER under the 'issuer non-cooperating' category as SER had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SER continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and email dated July 7, 2021, July 17, 2021, July 27, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of SER have been revised on account of non-availability of requisite information. Tikamgarh (Madhya Pradesh) based Silver Estate Resort (SER) was established as a proprietorship concern in 2014 with an objective to set up a resort. Till FY17, it runs one restaurant namely Gaurav Restaurant and from April 2017, it started commercial operations of its resort. The resort is spread out in the area of 44,000 sq. feet area having 58 rooms which includes Deluxe AC, Executive AC and Suite AC. The resort has amenities like restaurant facilities, conventional hall, Wi-Fi Internet access, laundry/dry cleaning, parking, gym, spa, swimming pool, Cinema Max etc. SINGRAULI FINLEASE: CARE Lowers Rating on INR7cr LT Loan to D ------------------------------------------------------------- CARE Ratings revised the ratings on certain bank facilities of Singrauli Finlease Private Limited (SFPL), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 7.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE B- Short Term Bank 5.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category and Revised from CARE A4 Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 10, 2020, placed the rating(s) of SFPL under the 'issuer non-cooperating' category as SFPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SFPL continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 27, 2021, August 6, 2021 and August 16, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings for SFPL have been revised on account of delays in debt servicing obligation as recognized from publicly available information i.e. FY20 audit report. Varanasi-based, Singrauli Finlease Private Limited (SFPL) was incorporated in August 1996. SFPL is engaged in the trading of coal. The company trades in industrial-grade of coal, which is used by brick manufacturing units and as fuel in boilers in industries. The company also supplies to coal traders and other industrial users. SFPL procures coal from suppliers like Bharat Coking Coal Limited, Northern Coalfields Limited, Central Coalfields Limited and others, through the e-auction system. SFPL has three depots located near Banaras in Uttar Pradesh to store the procured coal. SFPL is promoted by Mr. Ratan Singh and Mrs. Arti Singh in the capacity of directors. Group companies of SFPL include Trimula Industries Limited, Trimula Sponge Iron Private Limited, Eastern Flames Private Limited, Drolia Coke Industries Private Limited, Jai Durga Industries and Sri Ratan Transport and Coal Suppliers Private Limited. SKY ALLOYS: CARE Keeps D Debt Ratings in Not Cooperating -------------------------------------------------------- CARE Ratings said the ratings for the bank facilities of Sky Alloys And Power Private Limited (SAPPL) continue to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 95.94 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Short Term Bank 10.00 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 10, 2020, placed the rating(s) of SAPPL under the 'issuer non-cooperating' category as SAPPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SAPPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 27, 2021, August 06, 2021, August 16, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). SAPPL, incorporated in 2009, had set up a 60,000 MTPA sponge iron, 48,000 MTPA ingot and 16 MW captive power plant [of which 4 MW is based on Waste Heat Recovery Boiler (WHRB)] in Raigarh, Chhattisgarh. The sponge iron unit along with 4 MW WHRB commenced operation from April 2013, ingot facility got commissioned in Jun 2013 and 12 MW coal-based power plant from Oct 2013. The company also set up a 2x6 MVA ferro alloy furnaces (with an annual capacity of 19,000 MTPA of silico manganese & 25,000 MTPA of ferro manganese) by October, 2014. The company is promoted by Shri Ravi Singhal along with his friends and family members - Shri Sankar Hari Aggarwal, Shri Sandeep Aggarwal, Shri Vinay Aggarwal, Shri Sumeet Kukerja and Shri Arun Singhal. Shri Ravi Singhal has experience of more than a decade in steel manufacturing. SUPER SPINTEX: Ind-Ra Withdraws 'BB' Long-Term Issuer Rating ------------------------------------------------------------ India Ratings and Research (Ind-Ra) has withdrawn Super Spintex Private Limited's (SSPL) Long-Term Issuer Rating of 'IND BB (ISSUER NOT COOPERATING)'. The instrument-wise rating actions are: -- The 'IND BB' rating on the INR220 mil. Fund-based working capital limits is withdrawn; -- The 'IND BB' rating on the INR50 mil. Non-fund-based working capital limits is withdrawn; and -- The 'IND BB' rating on the INR821.8 mil. Term loan due on September 2024 is withdrawn. KEY RATING DRIVERS Ind-Ra is no longer required to maintain the ratings, as the agency has received no dues certificates from the lender. Ind-Ra will no longer provide analytical and rating coverage for SSPL. COMPANY PROFILE Jamnagar-based SSPL was incorporated in January 2016 by Suresh G. Kachadia and Atul G. Kachadia. SSPL has setup a greenfield project for a spinning unit to manufacture cotton yarn of various counts. The project was completed in August 2017 and commenced its commercial operations from September 2017. Its manufacturing facilities are located at Jamnagar with 51,072 spindles having an installed capacity to manufacture 11,577 metric tons per annum. TARACHAND INTERNATIONAL: CARE Keeps D Rating in Not Cooperating --------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Tarachand International Private Limited (TIPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term/ 50.00 CARE D/CARE D; ISSUER NOT Short Term COOPERATING; Rating continues Bank Facilities to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 18, 2020, placed the rating(s) of TIPL under the 'issuer non-cooperating' category as TIPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. TIPL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 4, 2021, July 14, 2021, July 24, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating. Tarachand International Private Limited (TIPL) was set-up in 2011 by Mr. Vinod Kariya and Mrs Sunita Kariya. The company is into the business of steel trading (viz. sheets, plates, channels, angels & others) and ship-breaking. TIPL has its registered office in Mumbai and carries out the ship-breaking activity from the Mumbai port. TEZALPATTY TEA: CARE Keeps D Debt Rating in Not Cooperating ----------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Tezalpatty Tea Private Limited (TTPL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 6.35 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated September 23, 2020, placed the rating(s) of TTPL under the 'issuer non-cooperating' category as TTPL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. TTPL continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated August 9, 2021, August 19, 2021, August 29, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Tezalpatty Tea Private Limited (TTPL) was established in 1994 by Mrs. Rumena Rehman, Mr. Nilufar Rehman and Mr. Atikur Rehman. The company is engaged in the processing of black tea and has an installed capacity of 10 lakh kg per annum. The manufacturing facility is located at Guwahati, Assam. VADALIA FOODS: Ind-Ra Moves B- LT Issuer Rating to Non-Cooperating ------------------------------------------------------------------ India Ratings and Research (Ind-Ra) has migrated Vadalia Foods' Long-Term Issuer Rating to the non-cooperating category. The issuer did not participate in the rating exercise despite continuous requests and follow-ups by the agency. Therefore, investors and other users are advised to take appropriate caution while using these ratings. The rating will now appear as 'IND B-(ISSUER NOT COOPERATING)' on the agency's website. The instrument-wise rating actions are: -- INR50 mil. Fund-based working capital limits migrated to non- cooperating category with IND B- (ISSUER NOT COOPERATING)/IND A4 (ISSUER NOT COOPERATING) rating; and -- INR100.3 mil. Term loan due on May 2023 migrated to non- cooperating category with IND B- (ISSUER NOT COOPERATING) rating. Note: ISSUER NOT COOPERATING: The ratings were last reviewed on September 22, 2020. Ind-Ra is unable to provide an update, as the agency does not have adequate information to review the ratings. COMPANY PROFILE Established in July 2013, Gujarat-based Vadalia Foods is engaged in the manufacturing and processing of packaged snacks. VAIBHAVLAXMI CLEAN: CARE Keeps D Debt Rating in Not Cooperating --------------------------------------------------------------- CARE Ratings said the rating for the bank facilities of Vaibhavlaxmi Clean Energy LLP (VCEL) continues to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 42.07 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 21, 2020, placed the rating(s) of VCEL under the 'issuer non-cooperating' category as VCEL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. VCEL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 7, 2021, July 17, 2021, July 27, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). Vaibhavlaxmi Clean Energy LLP (VCEL) is a Limited Liability Partnership (LLP) firm, incorporated in September 2010 and promoted by Mr. Sanjay Agarwal, Ms. Manjari Agarwal and M/s Mantram Power Private Limited (MPPL). During June 2011, VCEL set upwind power generation capacity of 14.4 MW including 8.4 MW at Ratlam, Madhya Pradesh (MP) and 6 MW at Tirunelveli, Tamil Nadu (TN). The projects were set up at a total cost of INR84 crore, funded through debt of INR60 crore and remaining INR24 crore through partner's contribution. VCEL had entered into Power Purchase Agreements (PPAs) with M.P. Power Management Company Limited for the Madhya Pradesh project for a period of 25 years starting from July 2011 and with Tamil Nadu Generation and Distribution Corporation Limited for the Tamil Nadu project for a period of 20 years starting from August 2011. VIDHYA PEETH: CARE Lowers Rating on INR15.89cr LT Loan to B ----------------------------------------------------------- CARE Ratings revised the ratings on certain bank facilities of Vidhya Peeth Education Trust (VPET), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 15.89 CARE B; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B+; Stable Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 21, 2020, placed the rating(s) of VPET under the 'issuer non-cooperating' category as VPET had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. VPET continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 7, 2021, July 17, 2021, July 27, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings of VPET have been revised on account of non-availability of requisite information. VPET was established in 2004 with an objective to provide education services. The trust is managed by Mr. Hariom Tayal (chairman), Mr. Suresh Tayal (Secretary) and Mr. Rakesh Tayal (Member). The trust operates a college under the name of Panipat Institute of Engineering and Technology (PIET) in a single campus offering varied courses at Panipat. PIET provides undergraduate and post-graduate courses in various fields of Engineering, Computers, and Management. The college is affiliated to Kurukshetra University, Kurukshetra (Haryana) and is approved by the All India Council for Technical Education (AICTE). The trust also operates a CBSE school established in April 2010 in the name of PIET Sanskriti School (PSS) providing primary and secondary education from Nursery to class VIII. The school is affiliated with Central Board of Secondary Education (CBSE). VIJAYNATH ROOF: Ind-Ra Moves BB- Issuer Rating to Non-Cooperating ----------------------------------------------------------------- India Ratings and Research (Ind-Ra) has migrated Vijaynath Roof and Wall Cladding Systems Private Limited's Long-Term Issuer Rating of 'IND BB- (ISSUER NOT COOPERATING)' in the non-cooperating category and has simultaneously withdrawn it. The instrument-wise rating actions are: -- INR30.00 mil. Fund-based working capital limits* migrated to non-cooperating category and withdrawn; and -- INR180.00 mil. Non-fund-based working capital limits** migrated to non-cooperating category and 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 Ind-Ra has migrated the ratings to the non-cooperating category because the issuer did not participate in the rating exercise, despite requests by the agency and has not provided information pertaining to full-year financial performance for FY20 and FY21, sanctioned bank facilities and utilization, business plan and projections for the next three years, information on corporate governance, and management certificate. Ind-Ra is no longer required to maintain the ratings, as the agency has received 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 Incorporated in 2003 by Vijaynath Shetty, Vijaynath Roof and Wall Cladding Systems Private Limited's provides complete roofing and wall cladding services and also undertakes turnkey jobs with supply and installation, design, drawing and execution, with warranties for material and leakages, depending on the system. VINAYAK LOGISTIC: CARE Cuts Rating on INR16.25cr LT Loan to C ------------------------------------------------------------- CARE Ratings revised the ratings on certain bank facilities of Shri Vinayak Logistic (SVL), as: Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 16.25 CARE C; Stable; ISSUER NOT Facilities COOPERATING; Rating continues To remain under ISSUER NOT COOPERATING category and Revised from CARE B-; Stable Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 24, 2020, placed the rating(s) of SVL under the 'issuer non-cooperating' category as SVL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. SVL continues to be non-cooperative despite repeated requests for submission of information through e-mails, phone calls and email dated July 10, 2021, July 20, 2021, July 30, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating(s). The ratings assigned to the bank facilities of SVL have been revised on account of non-availability of requisite information. Shri Vinayak Logistics (SVL) was formed in January 2015 as a partnership concern by Mr. Meharban Singh, Mr. Anil Choudhary, Mr. Vikas Choudhary and Mr. Vijay Kumar Choudhary with an objective to set up a warehouse at Indore (Madhya Pradesh). The firm has envisaged total project cost of INR21.69 crore towards the project to be funded through term loan of INR16.25 crore and remaining through partner's capital and unsecured loans. Till September 12 2017, the firm has incurred INR8.15 crore towards the project which was funded by term loan of INR2.25 crore and remaining through unsecured loans from partner' and partner's capital. The firm is expecting to be complete its project and commence operations from January 2018. YOGESH TRADING: Ind-Ra Keeps BB Issuer Rating in Non-Cooperating ---------------------------------------------------------------- India Ratings and Research (Ind-Ra) has maintained Yogesh Trading Co.'s Long-Term Issuer Rating of 'IND BB (ISSUER NOT COOPERATING)' in the non-cooperating category and has simultaneously withdrawn it. The instrument-wise rating actions are: -- INR350 mil. Fund-based working capital limit* maintained in non-cooperating category and withdrawn. *Maintained at 'IND BB (ISSUER NOT COOPERATING)'/'IND A4+ (ISSUER NOT COOPERATING)' before being withdrawn KEY RATING DRIVERS Ind-Ra is no longer required to maintain the ratings, as the agency has received a no-objection certificate from the rated facility's lender. This is consistent with the Securities and Exchange Board of India's circular dated March 31, 2017 for credit rating agencies. COMPANY PROFILE New Delhi-based Yogesh Trading Co is engaged in the wholesale trading of denim and non-denim fabrics. The firm is managed by Deepak Gambhir. YOGINDERA WORSTED: CARE Keeps D Debt Ratings in Not Cooperating --------------------------------------------------------------- CARE Ratings said the ratings for the bank facilities of Yogindera Worsted Limited (YWL) continue to remain in the 'Issuer Not Cooperating' category. Amount Facilities (INR crore) Ratings ---------- ----------- ------- Long Term Bank 66.18 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Short Term Bank 9.25 CARE D; ISSUER NOT COOPERATING Facilities Rating continues to remain under ISSUER NOT COOPERATING category Detailed Rationale & Key Rating Drivers CARE had, vide its press release dated August 20, 2020, placed the rating(s) of YWL under the 'issuer non-cooperating' category as YWL had failed to provide information for monitoring of the rating and had not paid the surveillance fees for the rating exercise as agreed to in its Rating Agreement. YWL continues to be noncooperative despite repeated requests for submission of information through e-mails, phone calls and a letter/email dated July 6, 2021, July 16, 2021, July 26, 2021. In line with the extant SEBI guidelines, CARE has reviewed the rating on the basis of the best available information which however, in CARE's opinion is not sufficient to arrive at a fair rating. Users of this rating (including investors, lenders and the public at large) are hence requested to exercise caution while using the above rating. Incorporated in 1997, Yogindera Worsted Limited (YWL) was promoted by Mr.Ajay Kumar Gupta and his family members in collaboration with Punjab State Industrial Development Corporation Limited (PSIDCL). It was subsequently acquired by the 'Shiva' group in 2007. The product profile of YWL was also changed from predyed worsted/acrowool yarn to include other varieties of yarns like dyed/white worsted woolen yarn, acrowoolen yarn, acrylic yarn, polyester yarn, fancy yarn, hand knitting yarn, melange yarns, space dyed/printed yarns, knitted cloth, etc. The company operates from its manufacturing facility in Bathinda, Punjab, at an installed capacity of 11,464 meteric tonnes, per annum, as on March 31, 2015. =============== M A L A Y S I A =============== SCOMI GROUP: Net Loss Narrows to MYR16.77MM in FY2021 ----------------------------------------------------- The Sun Daily reports that Scomi Group Bhd's (SGB) net loss narrowed to MYR16.77 million for the financial year ended June 30, 2021 (FY21), from MYR242.14 million in the previous year. In the fourth quarter (Q4), the group's net loss shrank to MYR6.33 million from MYR133.57 million a year earlier, the Practice Note 17 (PN17) company said in a filing with Bursa Malaysia, Sun Daily discloses. To recap, in the previous year's corresponding quarter, SGB had incurred share of losses of MYR22.6 million from subsidiary-turned associate Scomi Energy Services Bhd (SESB), which was subsequently reclassified to available-for-sale asset as at March 31, 2021, says the report. In Q4 FY20, there was also a provision for redemption of pledged shares of MYR94.4 million arising from demand by Malayan Banking Bhd due to then-indirect subsidiary Scomi Rail Bhd defaulting in payment to the bank, as well as losses of MYR91.5 million recognised from deconsolidation of SESB as a subsidiary, according to Sun Daily. For FY21, SGB recorded no revenue either for the quarter or for the full year, notes the report. In a separate statement, it explained that the Q4 FY21 loss was mainly a result of fair value adjustment on other investment of MYR3.4 million and provision for redemption of pledged securities of MYR3.2 million, Sun Daily reports. "In the preceding quarter, SGB had registered a profit primarily due to the reclassification of SESB from an associate company to 'other investment'. "Subsequently there are no results accounted for SESB in this quarter," it said. On the matter of its PN17 status, the company said it had obtained an extension of time from Bursa Malaysia Securities Bhd for the submission of its regularisation plan to Feb. 28, 2022, from Aug. 29, 2021, says Sun Daily. "The extension offers a reprieve to the company to consolidate and augment the various initiatives it is undertaking to ensure a viable plan is formulated as part of its restructuring efforts towards the upliftment of the PN17 status," it added. "Whilst the management's focus for the business of the company continues to be in the rail industry for both conventional rail and monorail, they have also expanded its business profile to include energy management solutions which includes renewable energy," SGB said. On prospects, it said the business development efforts expanded during the year would prove beneficial towards the company's revitalization, Sun Daily relays. "The partnerships that are being forged as well as the expertise being brought to the table will equip the company to develop and grow the business of SGB," it added. About Scomi Group Headquartered in Kuala Lumpur, Malaysia, Scomi Group Bhd -- http://www.scomigroup.com.my/publish/home.shtml-- provides drilling fluids and mud engineering services and the supply of industrial and production chemicals to the upstream and downstream oil and gas industry. In December 2019, Scomi Group Bhd slipped into Practice Note 17 (PN 17) status after it triggered Paragraphs 2.1(a) and 2.1(e) of PN17 of the Listing Requirements, whereby its shareholder equity fell below the 25% threshold with modified opinion from its auditors. ================= S I N G A P O R E ================= CHANG NING: Creditors' Proofs of Debt Due on Nov. 1 --------------------------------------------------- Creditors of Chang Ning Marine Pte. Ltd. and Shun Ning Marine Pte. Ltd, which are in voluntary liquidation, are required to file their proofs of debt by Nov. 1, 2021, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Sept. 24, 2021. The company's liquidators are: Mr. Lin Yueh Hung Ms. Oon Su Sun 8 Wilkie Road #03-08 Wilkie Edge Singapore 228095 SING INTERNATIONAL: Court to Hear Wind-Up Petition on Oct. 22 ------------------------------------------------------------- A petition to wind up the operations of Sing International (S) Pte Ltd will be heard before the High Court of Singapore on Oct. 22, 2021, at 10:00 a.m. Maybank Singapore Limited filed the petition against the company on Sept. 23, 2021. The Petitioner's solicitors are: Tito Isaac & Co LLP 1 North Bridge Road #30-00 High Street Centre Singapore 179094 UNITED ACHIEVA: Court Enters Wind-Up Order ------------------------------------------ The High Court of Singapore entered an order on Sept. 24, 2021, to wind up the operations of United Achieva Distributors Pte. Ltd. Maybank Singapore Limited filed the petition against the company. The company's liquidators are: Mr. Leow Quek Shiong Mr. Gary Loh Weng Fatt BDO Advisory Pte Ltd 600 North Bridge Road #23-01 Parkview Square Singapore 188778 YONICA PTE: Members' Final Meeting Set for Nov. 1 ------------------------------------------------- Members of Yonica Pte Ltd will hold their final meeting on Nov. 1, 2021, at 10:00 a.m., via electronic means. Agenda of the meeting includes: a. to receive an account from the Liquidators showing the manner in which the winding-up has been conducted and the property of the Company disposed of, and to hear any explanations that may be given by the Liquidators; b. to determine by resolution the manner in which the books, accounts and documents of the Company, shall be disposed of; and c. to consent to release the Liquidators upon the dissolution of the Company and thereby discharge them from the liabilities in respect of any act done or default made by them in the administration of the affairs of the Company. The company's liquidator is Aw Eng Hai of Foo Kon Tan LLP. ZANA ASIA: Creditors' Proofs of Debt Due on Nov. 1 -------------------------------------------------- Creditors of Zana Asia Fund Limited, which is in voluntary liquidation, are required to file their proofs of debt by Nov. 1, 2021, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Sept. 22, 2021. The company's liquidators are: Victor Goh Khor Boon Hong C/o Baker Tilly TFW LLP 600 North Bridge Road #05-01 Parkview Square Singapore 188778 =============== X X X X X X X X =============== [*] BOND PRICING: For the Week Sept. 27, 2021 to Oct. 1, 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 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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 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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 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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 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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 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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 [*] Delta Variant Slowing Economic Growth in East Asia and Pacific ------------------------------------------------------------------ Reuters reports that the East Asia and Pacific region's recovery has been undermined by the spread of the COVID-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said on Sept. 27. Economic activity began to slow in the second quarter of 2021, and growth forecasts have been downgraded for most countries in the region, Reuters relates citing the World Bank's East Asia and Pacific Fall 2021 Economic Update. While China's economy is projected to expand by 8.5%, the rest of the region is forecast to grow at 2.5%, nearly 2 percentage points less than forecast in April 2021, the World Bank said. "The economic recovery of developing East Asia and Pacific faces a reversal of fortune," Reuters quotes Manuela Ferro, World Bank Vice President for East Asia and Pacific as saying. "Whereas in 2020 the region contained COVID-19 while other regions of the world struggled, the rise in COVID-19 cases in 2021 has decreased growth prospects for 2021." The economies of several Pacific island countries and Myanmar have been hit the hardest, with Myanmar expected to contract by 18% while the Pacific island countries as a group are anticipated to shrink 2.9%, the World Bank said, Reuters relays. Myanmar will see the biggest contraction in employment in the region and the number of poor people in the country will rise, it added. "There is no doubt the military takeover (in Myanmar) has led to a disruption of economic activity combined with the civil disobedience movement which means fewer people are going to work," said World Bank East Asia and Pacific Chief Economist Aaditya Mattoo. According to Reuters, the report estimates most countries in the region, including Indonesia and the Philippines, can vaccinate more than 60% of their populations by the first half of 2022. While that would not eliminate coronavirus infections, it would significantly reduce mortality, allowing a resumption of economic activity. The damage done by the resurgence and persistence of COVID-19 is likely to hurt growth and increase inequality over the longer-term, the World Bank, as cited by Reuters, said. "Accelerated vaccination and testing to control COVID-19 infections could revive economic activity in struggling countries as early as the first half of 2022, and double their growth rate next year," Mr. Mattoo said. "But in the longer term, only deeper reforms can prevent slower growth and increasing inequality, an impoverishing combination the region has not seen this century." Reuters adds that the World Bank said the region will need to make a serious effort on four fronts to deal with the rise in coronavirus: addressing vaccine hesitancy and limitations to distribution capacity; enhancing testing and tracing; increasing regional production of vaccines; and strengthening local health systems. ********* 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. *** End of Transmission ***