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

                     A S I A   P A C I F I C

          Tuesday, January 25, 2022, Vol. 25, No. 12

                           Headlines



A U S T R A L I A

ALLIED CREDIT 2020-1: Moody's Hikes Rating on Class F Notes to Ba1
AQUA BOTANICAL: Second Creditors' Meeting Set for Feb. 3
BA MURPHY: In Liquidation, More Builders Seen to Fold in 2022
PRODOTTI ENGINEERING: Second Creditors' Meeting Set for Jan. 31
SAPPHIRE XX 2018-3: Moody's Hikes Rating on Class F Notes to Ba3

SPACE MONKEY: First Creditors' Meeting Set for Feb. 4
VICTORIAN FERRIES: First Creditors' Meeting Set for Feb. 2


C H I N A

CHINA AOYUAN: Moody's Withdraws Caa2 CFR & Caa3 Unsec Notes Rating
CHINA AOYUAN: Skips Bond Payment, Fitch Assigns Default Rating
CHINA EVERGRANDE: Guangdong's Plan Mulls Split of Offshore Assets
CHINA EVERGRANDE: Taps EV Unit Chairman as Executive Director
CHINA SOUTH CITY: To Ask Bondholders for Payment Extension

COUNTRY GARDEN: Sells $500 Million Convertible Bond
SUNAC CHINA: S&P Cuts LT ICR to 'BB-' on Reducing Liquidity Buffer


H O N G   K O N G

CATHAY PACIFIC: Expects HK$6B in 2021 Annual Loss
GENTING HONG KONG: CEO Resigns After Winding-Up Filing


I N D I A

AAKASH LIFESTYLE: Insolvency Resolution Process Case Summary
ANNAPOORANI YARNS: CARE Keeps D Debt Rating in Not Cooperating
ARIHANT SUGAR: CARE Keeps D Debt Rating in Not Cooperating
FUTURE RETAIL: Could Miss $485 Million in Debt Payments
GMR KAMALANGA: CARE Raises Rating on INR3,998.10cr Loan to B+

GOKUL DAIRY: CARE Lowers Rating on INR16cr LT Loan to B+
INDUSTRIAL PROGRESSIVE: CARE Keeps D Debt Rating in Not Cooperating
IVRCL CHENGAPALLI: CARE Keeps D Debt Rating in Not Cooperating
KNITCRAFT APPARELS: CARE Lowers Rating on INR35cr LT/ST Loan to D
LAKSHMI TRANSPORT: CARE Keeps B- Debt Rating in Not Cooperating

MICRO INTERNATIONAL: CARE Keeps B Debt Rating in Not Cooperating
NAGA SATYA: CARE Keeps B- Debt Rating in Not Cooperating
POOJA PRINTERS: CARE Lowers Rating on INR6.0cr LT Loan to B-
RAMACHANDRA POOJA: CARE Keeps B- Debt Rating in Not Cooperating
RGM FUTURE: CARE Assigns B+ Rating to INR28.57cr LT Loan

SAIBABA SALES: CARE Keeps B- Debt Rating in Not Cooperating
SEYA PATE: CARE Keeps B- Debt Rating in Not Cooperating Category
SHIRAGUPPI SUGAR: CARE Keeps D Debt Ratings in Not Cooperating
TAHIR CONSTRUCTION: CARE Lowers Rating on INR9.90cr LT Loan to B
TERRACIS TECHNOLOGIES: CARE Keeps D Debt Rating in Not Cooperating

VINCI INDUSTRIAL: CARE Keeps B Debt Rating in Not Cooperating


N E W   Z E A L A N D

IPREDICT LIMITED: Creditors' Proofs of Debt Due on Feb. 18
KAVIANDTEAM SERVICES: Creditors' Proofs of Debt Due on March 7
ROOFING GUY: Creditors' Proofs of Debt Due on Feb. 21


S I N G A P O R E

GEOSHIPPING PTE: Court to Hear Wind-Up Petition on Feb. 4
LIP INTERNATIONAL: Court Enters Wind-Up Order
MULHACEN PTE: PIK Notes Get Fitch 'C' Rating on Bondholder Deal
MULHACEN PTE: S&P Slaps 'CC' Rating on Distressed Exchange Offer
SVKTECH SINGAPORE: Court Enters Wind-Up Order



X X X X X X X X

[*] BOND PRICING: For the Week January 17 to January 21, 2022

                           - - - - -


=================
A U S T R A L I A
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ALLIED CREDIT 2020-1: Moody's Hikes Rating on Class F Notes to Ba1
------------------------------------------------------------------
Moody's Investors Service has upgraded the ratings on four classes
of notes issued by Allied Credit ABS Trust 2020-1.

The affected ratings are as follows:

Issuer: Allied Credit ABS Trust 2020-1

Class C Notes, Upgraded to Aa3 (sf); previously on Jul 29, 2021
Upgraded to A1 (sf)

Class D Notes, Upgraded to A3 (sf); previously on Jul 29, 2021
Upgraded to Baa1 (sf)

Class E Notes, Upgraded to Baa2 (sf); previously on Jul 29, 2021
Upgraded to Ba1 (sf)

Class F Notes, Upgraded to Ba1 (sf); previously on Jul 29, 2021
Upgraded to Ba3 (sf)

RATINGS RATIONALE

The upgrades were prompted by an increase in note subordination
available for the affected notes and the good collateral
performance to date.

Following the January 2022 payment date, the note subordination
available for the Class C, Class D, Class E and Class F Notes has
increased to 19.6%, 14.8%, 9.6% and 7.6% respectively, from 17.8%,
13.0%, 7.6% and 5.5% at the time of the last rating action for
these notes in July 2021.

As of end-December 2021, 1.6% of the outstanding pool was 30-plus
day delinquent and 0.1% was 90-plus day delinquent. The portfolio
has incurred 0.6% (as a percentage of original pool) of net losses
to date, all of which have been covered by excess spread.

Based on the observed performance to date and loan attributes,
Moody's has lowered its expected default assumption to 4.8% as a
percentage of the current pool balance (equivalent to 3.2% as a
percentage of original pool balance) compared with 5.2% as a
percentage of the original pool balance as of the last rating
action in July 2021.

Moody's has maintained the Aaa portfolio credit enhancement at
27.5% from closing.

The transaction is a securitization of loans backed by motorcycle,
marine and other assets by Allied Credit Pty Ltd.

The principal methodology used in these ratings was "Moody's Global
Approach to Rating Auto Loan- and Lease-Backed ABS" published in
September 2021.

Factors that would lead to an upgrade or downgrade of the ratings:

Factors that could lead to an upgrade of the ratings include (1)
performance of the underlying collateral that is better than
Moody's expectations, and (2) an increase in credit enhancement
available for the notes.

Factors that could lead to a downgrade of the ratings include (1)
performance of the underlying collateral that is worse than Moody's
expectations, (2) a decrease in credit enhancement available for
the notes, and (3) a deterioration in the credit quality of the
transaction counterparties

AQUA BOTANICAL: Second Creditors' Meeting Set for Feb. 3
--------------------------------------------------------
A second meeting of creditors in the proceedings of Aqua Botanical
Beverages (Australia) Pty Ltd has been set for Feb. 3, 2022, at
11:30 a.m. via video conference.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Feb. 1, 2022, at 5:00 p.m.

Daniel Peter Juratowitch and Sam Kaso of Cor Cordis were appointed
as administrators of Aqua Botanical on Oct. 25, 2021.


BA MURPHY: In Liquidation, More Builders Seen to Fold in 2022
-------------------------------------------------------------
ABC Sunshine Coast reports that more construction companies will
fold this year as lock-in contracts leave builders unable to pass
on the rising cost of labor and supplies, the Master Builders
Association warns.

Two Queensland firms, Privium and BA Murphy, went into liquidation
just before Christmas, with customers and subcontractors waiting to
find out how much, if anything, they will get from the wash up, ABC
says.

Liquidators FTI Consulting told the ABC that Sunshine Coast-based
BA Murphy owed almost AUD11 million to about 550 creditors.

The company's 30 employees were owed more than AUD400,000.

BA Murphy also had 50 unfinished building projects across
Australia, including 21 in Queensland, 18 in Victoria and about 11
in New South Wales, the report discloses.

Meanwhile, the final amount owed by Privium is likely to be more,
ABC reports.

The company has 831 unfinished contracts around Australia and
records show a AUD28 million loss in the 2020 financial year.

ABC relates that Sunshine Coast regional manager for Master
Builders Queensland, Nicola Scott described the collapse of BA
Murphy as "absolutely devastating".  She said the prices of
supplies, from timber and steel to plumbing and tapware, had risen
substantially over the past 12 months amid increased home building
demand globally.

"I think it would be a miracle if somebody wasn't affected by that,
because they're continually having to absorb the cost," ABC quotes
Ms. Scott as saying.

Last year, the Master Builders warned the new year could be a
tipping point, the report states.

According to ABC, Ms. Scott said the association was counselling
stressed builders who were trying to pay their subcontractors.

She fears other building firms will follow Privium and BA Murphy
this year, the report relays.

"I don't think the new year is going to bring some wonderful
miraculous change where it's a brand new year and it's all going to
be rainbows and whistles," Ms. Scott said.

PRODOTTI ENGINEERING: Second Creditors' Meeting Set for Jan. 31
---------------------------------------------------------------
A second meeting of creditors in the proceedings of Prodotti
Engineering Pty Ltd, formerly Traded As Enemies Everywhere
Motorsport, has been set for Jan. 31, 2022, at 11:00 a.m. at the
offices of SV Partners, 22 Market Street, in Brisbane, Queensland.

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

Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Jan. 27, 2022, at 5:00 p.m.

Anne Meagher and David Michael Stimpson of SV Partners were
appointed as administrators of Prodotti Engineering on Dec. 15,
2021.


SAPPHIRE XX 2018-3: Moody's Hikes Rating on Class F Notes to Ba3
----------------------------------------------------------------
Moody's Investors Service has upgraded the ratings on eight classes
of notes issued by two Sapphire residential mortgage-backed
securities (RMBS).

The affected ratings are as follows:

Issuer: Sapphire XIX Series 2018-2 Trust

Class B Notes, Upgraded to Aaa (sf); previously on Mar 10, 2020
Upgraded to Aa1 (sf)

Class C Notes, Upgraded to Aa2 (sf); previously on Sep 6, 2018
Definitive Rating Assigned A2 (sf)

Class D Notes, Upgraded to A2 (sf); previously on Sep 3, 2020
Confirmed at Baa2 (sf)

Class E Notes, Upgraded to Ba1 (sf); previously on Sep 3, 2020
Confirmed at Ba2 (sf)

Issuer: Sapphire XX Series 2018-3 Trust

Class C Notes, Upgraded to Aa3 (sf); previously on Dec 14, 2018
Definitive Rating Assigned A2 (sf)

Class D Notes, Upgraded to A3 (sf); previously on Sep 3, 2020
Confirmed at Baa2 (sf)

Class E Notes, Upgraded to Ba1 (sf); previously on Sep 3, 2020
Confirmed at Ba2 (sf)

Class F Notes, Upgraded to Ba3 (sf); previously on Sep 3, 2020
Confirmed at B2 (sf)

RATINGS RATIONALE

The upgrades were prompted by an increase in the note subordination
available to the affected notes.

Sapphire XIX Series 2018-2 Trust

Following the December 2021 payment date, the subordination
available for Class B Notes has increased to 24.0% from 11.3% as of
the last rating action for these notes in March 2020. The
subordination available for Class C Notes has increased to 16.6%
from 5.1% at closing. The subordination available for Class D and
Class E Notes has increased to 10.1% and 5.0% respectively from
5.8% and 2.8% as of the last rating action for these notes in
September 2020.

As of November 2021, 16.2% of the outstanding pool was 30-plus day
delinquent, and 12.8% was 90-plus day delinquent. The deal has
incurred 0.3% (as a percentage of the original pool) of losses to
date, which have been covered by excess spread.

The transaction made pro-rata principal repayments among the rated
notes for one month in September 2020. Otherwise, it has been
making sequential principal repayments and as such subordination
has been building up quickly. The step-down condition that is not
met is the three-month rolling average 90-plus day delinquency
ratio which has exceeded the 8% trigger.

Based on the observed performance to date, including very high
delinquencies, and loan attributes, Moody's has revised its
expected loss assumption to 4.5% of the outstanding pool
(equivalent to 1.6% of the original pool), compared with 3.7% of
the outstanding pool as of the last action in September 2020.

Moody's has increased its MILAN CE assumption to 26.4% from 23.3%
in September 2020, based on the current portfolio characteristics.

Moody's has considered model outputs from various scenarios,
including different default timing, different prepayment rate, and
assuming the 90-plus day delinquency ratio is cured, which leads to
pro-rata principal repayment until the first call date.

Since closing, the significant build-up in notes subordination due
to the ongoing delinquency ratio breach and the high prepayment
rate has more than offset the increase in expected loss (as % of
the outstanding pool) and MILAN CE, especially for the Class C and
Class D Notes.

Sapphire XX Series 2018-3 Trust

Following the December 2021 payment date, the subordination
available for Class C Notes has increased to 7.8% from 4.6% at
closing. The subordination available for Class D, Class E and Class
F Notes has increased to 4.3%, 1.9% and 1.6% respectively from
3.6%, 1.4% and 1.1% as of the last rating action for these notes in
September 2020.

As of November 2021, 3.6% of the outstanding pool was 30-plus day
delinquent, and 1.6% was 90-plus day delinquent. The deal has
incurred 0.4% (as a percentage of the original pool) of losses to
date, which have been covered by excess spread.

The transaction has been making pro-rata repayments among all rated
notes since the December 2020 payment date when all step-down
conditions were met.

Based on the observed performance to date and loan attributes,
Moody's has revised its expected loss assumption to 2.1% of the
outstanding pool (equivalent to 1.3% of the original pool),
compared with 2.6% of the outstanding pool as of the rating action
in June 2021.

Moody's has decreased its MILAN CE assumption to 13.9% from 15.2%
in June 2021, based on the current portfolio characteristics.

Moody's has considered model outputs from various scenarios,
including different default timings.

The transactions are Australian RMBS secured by portfolios of
residential mortgage loans, originated by Bluestone Group Pty
Limited, an Australian non-bank mortgage lender. A significant
portion of the portfolio consists of loans extended to borrowers
with impaired credit histories or made on a limited documentation
basis.

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
December 2020.

Factors that would lead to an upgrade or downgrade of the ratings:

Factors that could lead to an upgrade of the ratings include (1)
performance of the underlying collateral that is better than
Moody's expectations and (2) an increase in credit enhancement
available for the notes.

Factors that could lead to a downgrade of the ratings include (1)
performance of the underlying collateral that is worse than Moody's
expectations, (2) a decrease in the credit enhancement available
for the notes and (3) a deterioration in the credit quality of the
transaction counterparties.

SPACE MONKEY: First Creditors' Meeting Set for Feb. 4
-----------------------------------------------------
A first meeting of the creditors in the proceedings of Space Monkey
Resource Management Pty Ltd will be held on Feb. 4, 2022, at 11:00
a.m. via virtual meeting technology.

Dominic Charles Cantone and Nicholas David Cooper of Oracle
Insolvency were appointed as administrators of Space Monkey on Jan.
24, 2022.


VICTORIAN FERRIES: First Creditors' Meeting Set for Feb. 2
----------------------------------------------------------
A first meeting of the creditors in the proceedings of Victorian
Ferries Pty Ltd will be held on Feb. 2, 2022, at 2:00 p.m. via
video conference.

Mathew Gollant of CJG Advisory was appointed as administrator of
Victorian Ferries on Jan. 21, 2022.




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

CHINA AOYUAN: Moody's Withdraws Caa2 CFR & Caa3 Unsec Notes Rating
------------------------------------------------------------------
Moody's Investors Service has withdrawn China Aoyuan Group
Limited's Caa2 corporate family rating and the Caa3 senior
unsecured ratings on the notes issued by China Aoyuan.

Prior to the withdrawal, the rating outlook was negative.

RATINGS RATIONALE

Moody's has decided to withdraw the ratings because it believes it
has insufficient or otherwise inadequate information to support the
maintenance of the ratings.

COMPANY PROFILE

China Aoyuan Group Limited is one of China's leading property
developers focusing on mass-market properties. As of June 30, 2021,
the company had property projects in China; Australia; Canada; Hong
Kong SAR, China; and Macao SAR, China; with a total land bank of
about 53.6 million square meters in gross floor area, which can
cover around three years of property development.

CHINA AOYUAN: Skips Bond Payment, Fitch Assigns Default Rating
---------------------------------------------------------------
Fitch Ratings has downgraded property developer China Aoyuan Group
Limited's Long-Term Foreign-Currency Issuer Default Rating (IDR) to
'RD' (Restricted Default) from 'C'. Fitch has also affirmed the
senior unsecured rating and the ratings on the outstanding
US-dollar senior unsecured notes at 'C', with a Recovery Rating of
'RR6'.

The company announced on January 19, 2022 that it will not make
payments of the principal and interest on its US dollar bonds
maturing in January 2022, and the interest on its 2023 and 2024
notes upon expiry of the applicable 30-day grace period.

Aoyuan has not provided further information to Fitch beyond its
public announcements.

KEY RATING DRIVERS

Non-Payment of Notes: Aoyuan announced that it will not make
payments on the remaining principal and the last instalment of
interest of the January 2022 notes, and the latest instalment of
interest under the 2023 notes and the 2024 notes upon expiry of the
applicable 30-day grace period.

Failure to make the principal payment is consistent with Fitch's
definition of an 'RD' rating, as the company has experienced an
uncured payment default on a material financial obligation but has
not yet entered into bankruptcy filing, administration,
receivership, liquidation or other formal winding-up procedures,
and has not otherwise ceased operating.

Cross Default with Notes: The non-payment of Aoyuan's January 2022
US dollar notes triggered default events on the company's other US
dollar notes, which will become immediately due and payable if the
bond trustee or holders of at least 25% in aggregate principal
amount of the offshore notes declare so.

ESG - Governance: Aoyuan has an ESG Relevance Score of '4' for
Financial Transparency. The company appears to have weaker access
to its reported consolidated cash balance than what it earlier
guided in terms of the level of cash at the rated-entity level.

DERIVATION SUMMARY

Aoyuan's IDR has been downgraded to 'RD' in line with Fitch's
definition of an uncured payment default but no initiation of
bankruptcy filings, administration, receivership, liquidation or
other formal winding-up procedures as yet, and continuity of
business operations.

KEY ASSUMPTIONS

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

-- A 4% annual rise in average land costs in 2021-2024;

-- Unsold land bank life maintained at around 2.5 years,
    excluding urban redevelopment projects;

-- Selling, general and administrative expenses at 6%-8% of
    revenue.

Key Recovery Rating Assumptions:

-- The recovery analysis assumes that Aoyuan will be liquidated
    in a bankruptcy as it is an asset-trading company. The
    liquidation value approach always results in a much higher
    value than going concern, given the nature of homebuilding.

-- Fitch has assumed a 10% administrative claim in line with
    criteria.

Liquidation Approach

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

-- Advance rate of 80%, raised from 70%, applied to accounts
    receivable. This treatment is in line with Fitch's Recovery
    Rating criteria.

-- Advance rate of 30% applied to the book value of investment
    properties (IP). The IP portfolio consists mainly of malls in
    tier 1 and 2 cities where Aoyuan operates. The portfolio has
    an average rental yield of 1-2%, which is below industry
    average. The rating team considered a 30% advance rate is
    appropriate because the implied rental yield on the
    liquidation value for the IP portfolio would improve to 6%,
    which will be considered acceptable in a secondary market
    transaction.

-- Advance rate of 50%, lowered from 60%, applied to property,
    plant and equipment, which mainly consists of hotels and
    buildings, the value of which is insignificant.

-- Advance rate of 57%, lowered from 60%, applied to net property
    inventory. The inventory mainly consists of completed
    properties held for sales, and properties under development
    (PUD) and deposits for land acquisitions. Different advance
    rates were applied to these different inventory categories to
    derived the blended advance rates for net inventory.

-- 70% advance rate applied to completed properties held for
    sale. Completed commodity housing units are closer to readily
    marketable inventory. The company's gross margin for
    development property was historically around 20%-25%.
    Therefore, a higher advance rate of 70% (against the typical
    50% mentioned in the criteria for inventory) was applied.

-- 50% advance rate applied to PUD. Unlike completed projects,
    PUDs are more difficult to sell. These assets are also in
    various stages of completion. The PUD balance - prior to
    applying the advance rate - is net of margin adjusted customer
    deposits.

-- 90% advance rate applied to deposits for land acquisitions.
    Similar to completed commodity housing units, land held for
    development is closer to readily marketable inventory provided
    it is located well. Aoyuan's land generally is not located in
    significantly disadvantaged areas. So a higher advance rate
    than the typical 50% mentioned in the criteria was considered.

-- Advance rate of 50%, lowered from 60%, applied to joint
    venture (JV) net assets. JV assets typically include a
    combination of completed units, PUDs and land bank. A 50%
    advance rate was applied in line with the baseline advance
    rate for inventories.

-- Advance rate of 0%, lowered from 60%, applied to excess cash,
    after netting the amount of trade payables.

-- The allocation of value in the liability waterfall results in
    recovery corresponding to 'RR6' for the senior unsecured
    offshore bonds.

RATING SENSITIVITIES

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

-- Fitch will reassess the company's credit profile if there is a
    successful resolution to the current default.

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

-- The IDR will be further downgraded to 'D' (Default) if the
    issuer enters into bankruptcy filings, administration,
    receivership, liquidation or other formal winding-up
    procedures, or otherwise ceases business.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

ISSUER PROFILE

Aoyuan is one of the 30 largest property developers in China, with
about 370 projects with a total gross floor area of around 57
million square metres at end-2020. Guangdong accounted for 28% of
its total land bank by gross floor area. Aoyuan also has properties
in Canada and Australia.

SUMMARY OF FINANCIAL ADJUSTMENTS

Fitch has excluded CNY8.3 billion deposited in designated accounts
from cash in Fitch's leverage calculation and included this as
inventory.

Restricted bank deposits of CNY7.7 billion are included in cash to
calculate net debt, as these are mainly pledged for obtaining bank
loans.

ESG CONSIDERATIONS

Aoyuan has an ESG Relevance Score of '4' for Financial
Transparency. The company appears to have weaker access to its
reported consolidated cash balance than what it earlier guided in
terms of the level of cash at the rated-entity level. This has a
negative impact on the credit profile, and is relevant to the
ratings in conjunction with other factors.

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.

CHINA EVERGRANDE: Guangdong's Plan Mulls Split of Offshore Assets
-----------------------------------------------------------------
Reuters, citing a report by financial intelligence provider REDD,
says the provincial government of Guangdong, China, wants to
separate China Evergrande Group's offshore assets and sell them to
pay off foreign debt.

REDD said on Jan. 21 that Guangdong, where Evergrande is based,
aims to release a framework debt restructuring plan by March.
Citing two sources briefed on the matter, REDD said the provincial
government is proposing that state-led investors should buy
Evergrande assets and that proceeds from the sale of foreign assets
should be used to pay offshore debt.  The REDD report also said
Evergrande Chairman Hui Ka Yan's 59.78% stake in the company could
be wiped out after completion of the restructuring because the
developer is "significantly insolvent."

While investors have been expecting state-led organizations to help
smooth the restructuring, some have been concerned that Beijing
would use proceeds from any asset sales to prioritize paying off
onshore debt, Reuters says.

The provincial government has finalized the framework document and
submitted it to China's cabinet for discussions late this week,
REDD said.  A detailed restructuring proposal would be released by
October, according to Reuters.

                       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.

Evergrande is the world's most-indebted property company with more
than $300 billion in liabilities, including nearly $20 billion of
international bonds all deemed to be in default after a run of
missed payments late 2021.

As reported in the Troubled Company Reporter-Asia Pacific in
December 2021, S&P Global Ratings lowered the issuer credit ratings
on China Evergrande Group and Tianji Holding Ltd. to 'SD' from
'CC'.  S&P also lowered the issuer rating on Tianji's bonds due
2022 and 2023 to 'D' from 'C'.  S&P subsequently withdrew all its
ratings on Evergrande, its subsidiary Hengda Real Estate Group Co.
Ltd., and Tianji, at the group's request.

The TCR-AP also reported that Fitch Ratings has downgraded to 'RD'
(Restricted Default), from 'C', the Long-Term Foreign-Currency
Issuer Default Ratings (IDR) of 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 the non-payment of coupons due Nov. 6, 2021
for Tianji's USD645 million 13% bonds and USD590 million 13.75%
bonds after the grace period lapsed in December. The non-payment is
consistent with an 'RD' rating, signifying the uncured expiry of
any applicable grace period, cure period or default forbearance
period following a payment default on a material financial
obligation.

CHINA EVERGRANDE: Taps EV Unit Chairman as Executive Director
-------------------------------------------------------------
China Evergrande Group has appointed its Energy Vehicle unit's
chairman as an executive director.

According to Reuters, Evergrande said in a Hong Kong Stock Exchange
filing on Jan. 23 that Siu Shawn, 50, who was chairman of the board
of China Evergrande New Energy Vehicle Group Limited, had entered
into a service contact for three years.

The stock exchange filing said Lai Lixin and Huang Xiangui had both
resigned as executive directors of Evergrande.

Lai had resigned as executive director to devote more time to his
other duties with the group, while Huang stepped down for health
reason, the filing, as cited by Reuters, said. Both will remain
with the group.

                    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 in
December 2021, S&P Global Ratings lowered the issuer credit ratings
on China Evergrande Group and Tianji Holding Ltd. to 'SD' from
'CC'.  S&P also lowered the issuer rating on Tianji's bonds due
2022 and 2023 to 'D' from 'C'.  S&P subsequently withdrew all its
ratings on Evergrande, its subsidiary Hengda Real Estate Group Co.
Ltd., and Tianji, at the group's request.

The TCR-AP also reported that Fitch Ratings has downgraded to 'RD'
(Restricted Default), from 'C', the Long-Term Foreign-Currency
Issuer Default Ratings (IDR) of 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 the non-payment of coupons due Nov. 6, 2021
for Tianji's USD645 million 13% bonds and USD590 million 13.75%
bonds after the grace period lapsed on 6 December. The non-payment
is consistent with an 'RD' rating, signifying the uncured expiry of
any applicable grace period, cure period or default forbearance
period following a payment default on a material financial
obligation.


CHINA SOUTH CITY: To Ask Bondholders for Payment Extension
----------------------------------------------------------
Nikkei Asia reports China South City Holdings on Jan. 20 said it
would ask holders of a $200 million bond maturing next month to
defer redemption by six months and investors in another $125
million note to wait four extra months. A company owned by the
Shenzhen city government last month agreed to inject HK$1.91
billion into China South City.

                    About China South City

China South City Holdings Limited is principally engaged in
property development. The Company operates its business through
five segments. The Property Development segment is engaged in the
development of integrated logistics and trade centers, residential
and commercial ancillary facilities. The Property Investment
segment is engaged in the investment in integrated logistics and
trade centers, residential and commercial ancillary facilities. The
Property Management segment is engaged in the management of the
Company's developed properties. The E-commerce segment is engaged
in the development, operations and maintenance of an E-commerce
platform. The Others segment is engaged in the provision of
advertising, exhibition, logistics and warehousing services, outlet
operations and other services.

As reported in the Troubled Company Reporter-Asia Pacific on Jan.
24, 2022, Fitch Ratings has affirmed the Long-Term Foreign-Currency
Issuer Default Rating (IDR) of China South City Holdings Limited
(CSC) at 'B-'. The Outlook remains Negative. Fitch has also
affirmed its senior unsecured ratings at 'B-', with a Recovery
Rating of 'RR4'.

The affirmations reflect Fitch's view that CSC has sufficient
liquidity to address its US dollar bonds due February 2022, despite
its consent solicitation announcement to extend the bonds'
maturity. Fitch also believes an equity transaction agreement with
Shenzhen SEZ Construction and Development Group Co Ltd (SZCDG), an
enterprise wholly owned by the state under Shenzhen province's
State-owned Assets Supervision and Administration Commission, is
likely to improve its onshore funding access and funding cost.

The Negative Outlook is due to the company's continued tight
liquidity, with execution risks in terms of the timing of planned
asset sales.

COUNTRY GARDEN: Sells $500 Million Convertible Bond
---------------------------------------------------
Bloomberg News reports that Country Garden Holdings Co. is raising
HK$3.9 billion ($500 million) from the sale of convertible bonds.

Country Garden Holdings Co. is China's largest developer by sales.
Country Garden, long considered one of China's healthiest property
companies, has become a proxy for financial contagion in an
industry that accounts for about a quarter of the country's gross
domestic product, according to the report.

Bonds and shares of the developer and its peers have swung wildly
in recent weeks as investors reacted to sometimes conflicting
reports about the industry's access to funding and the government's
willingness to relax a long-running crackdown, Bloomberg says.
While few anticipate a major policy reversal, people familiar with
the matter have said authorities are considering steps to prevent a
destabilizing liquidity crisis.

The Foshan-based company is selling the bond due 2026 with a 4.95%
coupon, Bloomberg discloses citing a Hong Kong exchange filing on
Jan. 21. The proceeds will be used to refinance offshore debt that
will become due within a year.

Country Garden set the initial conversion price at HK$8.10 per
share, representing a premium of 16% to its Jan. 20 close. Its
shares dropped last week following an IFR report that the firm
failed to win sufficient investor support for a possible
convertible bond deal, recalls Bloomberg.

The developer also said its 7.125% note due Jan 27 will be repaid
at maturity with internal resources. Including that, it has US$1.1
billion of dollar bonds due this year, compared with about US$29
billion of available cash as of last June, according to data
compiled by Bloomberg.

According to Bloomberg, the company's fundraising announcement
helped boost its dollar bonds on Jan. 21, extending a massive rally
that saw its 2024 note rise to 94 cents on the dollar from Jan.
17's record closing low of 70 cents, according to
Bloomberg-compiled prices.

Country Garden's 3.3% dollar note due 2031 climbed 2.2 cents to
80.3 cents, set for the highest in more than two weeks,
Bloomberg-compiled prices showed. The shares fell as much as 5.2%
following a three-day, 19% jump from their lowest level since
2017.

                        About Country Garden

Country Garden Holdings Company Limited is an investment holding
company principally engaged in the sales of properties. The Company
operates its business through five segments: Property Development
segment, Construction Fitting and Decoration segment, Property
Investment segment, Property Management segment and Hotel Operation
segment. The Company's subsidiaries include Wuhan Country Garden
Lianfa Investment Co., Ltd, Jurong Country Garden Property
Development Co., Ltd and Chuzhou Country Garden Property
Development Co., Ltd.

As reported in the Troubled Company Reporter-Asia Pacific on Sept.
7, 2021, S&P Global Ratings affirmed its 'BB+' long-term issuer
credit rating on Country Garden Holdings Co. Ltd.  The positive
outlook reflects S&P's expectation that Country Garden's
disciplined spending and debt growth should mitigate moderate
margin decline and slow revenue growth, producing a stable leverage
over the next 12 months.  Country Garden's financial stability
continues to improve.


SUNAC CHINA: S&P Cuts LT ICR to 'BB-' on Reducing Liquidity Buffer
------------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
Sunac China Holdings Ltd. to 'BB-' from 'BB'. S&P also lowered the
long-term issue rating on the company's outstanding senior
unsecured notes to 'B+' from 'BB-'.

S&P said, "The negative outlook reflects our view that Sunac's
liquidity will remain under pressure over the next six to 12 months
amid the company's weakening access to funding and slowing sales.
We expect Sunac to be able to manage its short-term maturities."

Pressure on Sunac's liquidity is accumulating because of the
company's weakening capital market access and restrictive
regulatory conditions. S&P assesses Sunac's liquidity to be less
than adequate. The deteriorating market confidence in Sunac will
limit the company's access to onshore as well as offshore capital
markets for refinancing in the next six months. The heightened
refinancing risk is compounded by still-tight regulations over the
use of pre-sale funds at the project level. Sunac must meet
regulatory requirements to ensure it has enough funding to cover
construction costs at the project level before it can repatriate
surplus cash for debt servicing.

Suanc should be able to maintain access to both onshore and
offshore banking credit, although that will be mainly for
refinancing, in our view. Sunac's bank loans have been stable at
Chinese renminbi (RMB) 115 billion-RMB120 billion since the
beginning of 2021, despite the company's weakening access to
financing from other channels. Bank debt typically represents about
40% of Sunac's total debt. This should help the company sustain the
progress of its development projects, both on-balance-sheet and
off-balance-sheet.

S&P believes Sunac will be able to manage its debt maturities due
in 2022, but the margin for error is eroding. The company needs to
tackle RMB20 billion-RMB25 billion in onshore and offshore bond
maturities this year. A meaningful portion of RMB55 billion-RMB60
billion nonbank financing will also be due within the year, should
refinancing for the latter become difficult. This compares with our
estimate of RMB70 billion-RMB80 billion in cash on hand at the
beginning of the year, of which 50%-60% is trapped at escrow
accounts at the project level.

Therefore, cash flow from property sales and ongoing asset sales
will be key for Sunac to sustain its liquidity adequacy.

Sunac's proactive financing and decisive asset disposals support
its liquidity. However, execution risks remain. Since October 2021,
Sunac has preserved RMB30 billion of funds collected through
disposals of equity investments, rights issues, asset disposals,
and a US$450 million interest-free loan provided by the controlling
shareholder. The company has managed to execute sales of more than
a dozen projects since then, with net proceeds of about RMB15
billion.

Apart from a RMB3.7 billion new equity issuance in January 2022,
Sunac will likely continue to work on various similar-size or even
bigger project sales than those in the past four months to buffer
its liquidity in the first quarter of 2022. These include transfer
of controlling ownership in projects, which could help the company
to deconsolidate some project trust loans.

However, large-scale disposal of operating assets could lower
Sunac's saleable resources, resulting in weakening business
standing. Compounded by anticipated minimal spending in 2022, the
company will likely have to retap the land market in 2023 to
maintain its sales scale.

Sunac should be able to sustain sales for cash generation in the
coming quarters, despite a decline amid challenging market
conditions. S&P expects the company to achieve RMB555
billion-RMB565 billion in total contracted sales in 2022, down from
RMB597 billion in 2021. Cash collection will also go down to
80%-85%, from about 90% in 2021. The collection should generate
cash flow to cover 80%-90% of Sunac's sizable short-term debt
maturities of about RMB120 billion, by S&P's estimate.

Sales conditions will likely remain challenging for Chinese
property developers in 2022 due to weakening demand. S&P
anticipates Suanc will make minimal land acquisitions in at least
the next six months to preserve liquidity.

The negative outlook on Sunac reflects S&P's view that the
company's liquidity could deteriorate over the next six-12 months
due to narrower funding access and slower sales. Sunac's ongoing
asset disposals will need to be material and timely enough to meet
any liquidity shortfall caused by contingent obligations, such as
debt acceleration.

S&P said, "We could downgrade Sunac if the company's liquidity and
cash position weaken from the current level. This could arise from:
(1) weaker contracted sales and cash collection than we expect; (2)
failure to make enough asset disposals to garner net proceeds of at
least RMB25 billion in the next six months; or (3) failure to have
actionable refinancing plans.

"We may also lower the rating if Sunac's debt-to-EBITDA ratio fails
to stay below 5.5x on a consolidated basis, or 5x on a look-through
basis. This could occur due to weaker revenue delivery and margins
than we forecast.

"We could revise the outlook to stable if Sunac can significantly
improve its funding access and cash position, such that its
repayment pressure eases and its ability to weather the industry
downcycle increases."

Sunac, together with its subsidiaries, develops residential and
commercial properties in China. The company focuses on
mid-to-high-end property development and is one of the country's
largest developers by contracted sales. Sunac is also involved in
property investment, leasing, and management businesses; it is also
involved in cultural and tourism projects.

Sunac has a presence in more than 130 cities across China with
focus on higher-tier cities. The company's total land reserves were
about 258 million square meters as of Dec. 31, 2020, about 63% of
which was attributable.

Sunac was founded in 2003 and is headquartered in Beijing. The
company was listed on the Hong Kong stock exchange in October
2010.

S&P said, "We view Sunac's liquidity as less than adequate, despite
the ratio of liquidity sources to uses of liquidity being about
1.2x for the 12 months ending Dec. 31, 2022.

"In our view, Sunac's access to capital markets has been
significantly disrupted in recent months. This is true for the
wider property sector in China following defaults and investor
concerns over any undisclosed debt or contingent liabilities. We
believe Sunac's ability to access both the onshore and offshore
markets will be weak over the next six to 12 months. The company's
reliance on internal cash flow for debt repayment will weaken its
ability to absorb unexpected turbulence in the property market."

That said, Sunac still has good banking relationships with both
onshore and offshore banks, including the mega state-owned banks as
well as major overseas institutions. In the past months, the
company secured RMB30 billion construction loan quota from three
onshore mega banks.

Principal liquidity sources include:

-- Accessible cash that S&P estimates at RMB25 billion-RMB30
billion as of Dec. 31, 2021.

-- RMB115 billion-RMB120 billion cash in 2022 from property sales,
property management, and other businesses, including cash
upstreamed from joint ventures and associates. This is after
considering construction expenditure of about RMB70 billion, and
selling, general, and administrative expenses, taxes, interest
expenses, and other expenditure of about RMB72 billion.

-- Cash inflow from asset disposals that S&P estimates will be
RMB10 billion-RMB15 billion in the first quarter of 2022.

-- New equity raising of about RMB3.7 billion announced in January
2022.

-- New borrowings of about RMB7 billion in the first two weeks of
2022.

Principal liquidity uses include:

-- Short-term debt maturities that S&P estimates at about RMB120
billion as of Dec. 31, 2021.

-- Committed but unpaid land premium of about RMB6 billion at the
end of 2021.

-- Dividends and maintenance capital expenditure that S&P
estimates at about RMB6 billion during 2022.




=================
H O N G   K O N G
=================

CATHAY PACIFIC: Expects HK$6B in 2021 Annual Loss
-------------------------------------------------
Reuters reports Hong Kong's Cathay Pacific Airways Ltd said on Jan.
24 it expected to post a narrower-than-expected HK$5.6 billion
($719.05 million) to HK$6.1 billion annual loss for 2021.

Reuters relates that the forecast loss compared with the average
HK$10.2 billion estimate from 12 analysts polled by Refinitiv, and
the airline's larger 2020 loss of HK$21.65 billion, which included
aircraft impairments and restructuring charges.

Cathay, which posted a HK$7.57 billion loss in the first half of
2021, said it had generated some positive cashflow in the second
half amid strong cargo demand, Reuters discloses.

However, the airline forecast it would burn through HK$1 billion to
HK$1.5 billion of cash a month starting in February after the
government tightened crew quarantine restrictions, forcing the
airline to cut cargo and passenger capacity sharply.

Cathay is operating about 2% of its pre-pandemic passenger capacity
and about 20% of its pre-pandemic cargo capacity in January, the
report discloses.

"Until conditions improve, we are doing everything in our power to
maximise capacity, and estimate that mitigation measures to
increase crew resources will enable us to operate approximately an
additional 5% more cargo flight capacity than we are currently
operating," the report quotes Cathay Chief Executive Augustus Tang
as saying in a statement.

                       About Cathay Pacific

Cathay Pacific Airways Ltd., is the flag carrier of Hong Kong, with
its head office and main hub located at Hong Kong International
Airport. Cathay operates scheduled airline services.

As reported in the Troubled Company Reporter-Asia Pacific,
Egan-Jones Ratings Company, on October 4, 2021, maintained its 'CC'
foreign currency and local currency senior unsecured ratings on
debt issued by Cathay Pacific Airways Limited. EJR also upgraded
the rating on commercial paper issued by the Company to C from D.


GENTING HONG KONG: CEO Resigns After Winding-Up Filing
------------------------------------------------------
Bloomberg News reports Genting Hong Kong chairman and chief
executive officer (CEO) Tan Sri Lim Kok Thay resigned days after
the company filed to wind up its business.

Mr. Lim, who owns 76% of Genting Hong Kong, stepped down effective
Jan. 21, the company said in a stock exchange filing. Au Fook Yew
also resigned as deputy CEO and group president. Neither had any
disagreement with the board, the company said.

Mr. Lim founded in 1993 the company that would later become Genting
Hong Kong, partly as a way of diversifying risk away from the
Genting group's flagship casino resort in Malaysia.

According to Bloomberg, the company's woes may not have major
ramifications for other Genting operations, according to the
report. Businesses in Malaysia and Singapore -- Genting Bhd,
Genting Singapore Ltd and Genting Malaysia Bhd -- have no cross
shareholdings with Genting Hong Kong except for Mr. Lim being a
common stakeholder of all four.

While Genting Hong Kong offered "seacations" as part of a broader
trend of cruises to nowhere, it still reported a record US$1.7
billion (about MYR7.11 billion) loss in May and its stock has
plunged more than 50% since the start of 2020. According to
Bloomberg, the company said in its winding-up petition its cash is
expected to run out around the end of January and it had no access
to further funding.

Earlier this month, its wholly owned shipbuilding subsidiary MV
Werften filed for insolvency in a local court in Germany.

Bloomberg says Genting Hong Kong's troubles reflect an Asian
tourism industry that's largely been cautious about reopening.
China is pursuing a Covid-zero strategy, and Hong Kong is battling
an Omicron outbreak. Cruise operators in other countries, such as
Carnival and Royal Caribbean Cruises Ltd, are rebounding as markets
such as the Americas and Europe adopt an endemic approach to the
virus.

                      About Genting Hong Kong

Genting Hong Kong Limited is a Hong Kong-based investment holding
company principally engaged in cruise businesses. The Company
operates through two segments. Cruise and Cruise-related Activities
segment is engaged in the sales of passenger tickets, the sales of
foods and beverages onboard, shore excursion, as well as the
provision of onboard entertainment and other onboard services.
Non-cruise Activities segment is engaged in onshore hotel
businesses, travel agency, aviation businesses, entertainment
businesses and shipyard businesses, among others. The Company
operates businesses in Asia Pacific, North America and Europe,
among others.

As reported in the Troubled Company Reporter-Asia Pacific on Jan.
20, 2022, Genting Hong Kong has filed a winding-up petition in
Bermuda, after the bankruptcy of its shipyard in Germany triggered
US$2.78 billion of debt and forced Asia's largest operator of sea
cruises to be liquidated.

The owner of Dream Cruise Holding appointed Alvarez & Marsal's
Edward Simon Middleton and Tiffany Wong Wing-sze as provisional
liquidators, South China Morning Post disclosed citing a filing on
Jan. 19 to the Hong Kong stock exchange.



=========
I N D I A
=========

AAKASH LIFESTYLE: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: M/s Aakash Lifestyle Private Limited
        Flat No. 202, Priya Apartment
        Main Kasturba Road, Borivali (East)
        Mumbai City MH 400066
        IN

Insolvency Commencement Date: January 3, 2022

Court: National Company Law Tribunal, Amritsar Bench

Estimated date of closure of
insolvency resolution process: July 2, 2022

Insolvency professional: Mr. Jatin Mehra

Interim Resolution
Professional:            Mr. Jatin Mehra
                         E-455, Ranjit Avenue
                         Amritsar 143001
                         E-mail: jatinmehraassociates@gmail.com
                                 aakashlifestyle.cirp@gmail.com

Last date for
submission of claims:    February 1, 2022


ANNAPOORANI YARNS: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Annapoorani
Yarns (AY) continues to remain in the'Issuer Not Cooperating'
category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      10.00       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 11,
2021, placed the rating(s) of AY under the'issuer
non-cooperating’ category as AY 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. AY
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated November 27, 2021, December 7, 2021, December
17, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.’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).

Annapoorani Yarns (AY) was established as a partnership concern in
2000 by Mr. R Jayachandran and Ms. J Thavamani with equal
profit-sharing ratio. AY is engaged in trading of blended yarns
like poly cotton, poly viscose etc. and grey and finished fabric.
The yarn is purchased from suppliers located in New Delhi, Punjab
and Tamil Nadu. The firm deals with 20s-40s counts of yarn. The
yarn purchased is fabricated into grey cloth and finished fabric on
job work basis and sold to customers located in Tamil Nadu. The
registered office of the firm is located in Tirupur, Tamil Nadu.


ARIHANT SUGAR: CARE Keeps D Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Arihant
Sugar Industries Limited (ASIL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      28.27       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 15,
2021, placed the rating(s) of ASIL under the'issuer
non-cooperating' category as ASIL 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. ASIL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated December 1, 2021, December 11, 2021 and December
30, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Incorporated on August 2009 as a Private Limited company, Arihant
Sugar Industries Limited (ASIL) was later reconstituted as a Public
Limited company on February 11, 2010. OSL is engaged in production
of white crystal sugar & molasses from sugarcane. The plant is
located at Chikkodi Taluka in Belgaum District of Karnataka. The
company's name has been changed from Om Sugars Limited to Arihant
Sugar Industries Limited with effect from June 4, 2020.


FUTURE RETAIL: Could Miss $485 Million in Debt Payments
-------------------------------------------------------
Bloomberg News reports that Future Retail Ltd. isn't in a position
to make a payment on INR35 billion (US$471 million) of past-due
debt before the grace period expires and will also miss an upcoming
$14 million bond coupon deadline, according to people familiar with
the matter.

Its dollar bond fell following the news, suffering its biggest
decline in about three weeks on Jan. 21, the report says.

Embroiled in a legal dispute with Amazon.com Inc. that has damaged
its ability to raise funds, the Mumbai-based retailer is coming up
against two key milestones that will test creditors' faith after
its onshore debt was restructured during the pandemic, according to
the report.

The company will also not be able to make a coupon payment due Jan.
22 on its $500 million bond, according to the people.

Bloomberg says Future Retail cited its litigation with Amazon.com
as the reason for its inability to complete an asset sale and use
those proceeds to repay the rupee debt due late last year.

The dollar bond coupon payment has a 30-day grace period, the
report notes.

The company has missed interest payments before the initial
deadlines but then paid within the grace periods.

One of the people said Future would make the dollar bond payment
within the grace period, adds Bloomberg.

                       About Future Group

Future Group operates multi-branded retail outlets. The company's
retail chains include department stores, outlet stores, sportswear,
home improvement and consumer durables, supermarket, and
convenience stores as well as food parks.

As reported in the Troubled Company Reporter-Asia Pacific in May
2021, Fitch Ratings downgraded Future Retail Limited's (FRL)
Long-Term Issuer Default Rating (IDR) to 'RD', from 'C', following
the company's announcement that it has completed the restructuring
of the bulk of its onshore debt, which Fitch views as a distressed
debt exchange (DDE).  At the same time, Fitch has affirmed the
rating on FRL's USD500 million 5.6% senior secured notes due 2025
at 'C', with a Recovery Rating of 'RR5'.

The DDE provides relief on debt servicing requirements until
September 30, 2021, but Fitch believes the resultant debt structure
and maturity profile remain unsustainable.  Therefore, Fitch
regards the relief as another temporary measure following the
relief provided under India's central bank pandemic-related schemes
last year.  The restructuring does not meaningfully address FRL's
financial stress, which Fitch regards as essential for an upgrade
after the completion of the DDE.


GMR KAMALANGA: CARE Raises Rating on INR3,998.10cr Loan to B+
-------------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of GMR
Kamalanga Energy Limited (GKEL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank    3,998.10      CARE B+; Stable; Revised from
   Facilities                      Revised from CARE D; Stable
                                   Outlook assigned

   Short Term Bank
   Facilities          461.70      CARE A4 Revised from CARE D

Detailed Rationale & Key Rating Drivers

The revision in the ratings of the bank facilities of GKEL take
into account the delay-free track record of more than three months
in servicing the debt obligations of the company, as confirmed by
all the lenders. The ratings derive strength from GKEL's long-term
off-take arrangement in the form of Power Purchase Agreement (PPA)
for ~84% of total capacity and presence of fuel supply arrangement
(FSA) which mitigates fuel supply risk to a certain extent. The
ratings also derive comfort from the improvement in operational
performance during FY21 (refers to the period April 01 to March 31)
and 9MFY22 (refers to the period April 01 to December 31) and the
experienced promoter group with an established track record in
operating power projects.

The ratings are however constrained by significant installed
capacity not tied with PPA exposing the cash accruals to the
vagaries of the merchant market. The rating is further constrained
by a leveraged capital structure and elevated level of receivables
due from off-takers having a relatively weak credit profile which
hinders the sustenance of an adequate liquidity buffer.

Rating Sensitivities

Positive Factors- Factors that could lead to positive rating
action/upgrade:

* Timely realization of receivables from off-takers resulting in
significant improvement in collections period on a sustained
basis.

* Improvement in overall operational performance of the plant
leading to improvement in financial risk profile of the company.

* Tie-up of long term PPA for the untied capacity at remunerative
tariff with financially stronger off-takers leading to
improvement in cash accrual.

Negative Factors - Factors that could lead to negative rating
action/downgrade:

* Further delay in realization of receivables resulting in a
stretched liquidity position for the company.

* Significant deterioration in the credit profile of the key
offtakers.

* Material under-recovery of capacity charge or energy charge or
sharp increase in borrowing cost, resulting in lower than
envisaged cash accrual.

Detailed description of the key rating drivers

Key Rating Weaknesses

* Weak financial risk profile with leveraged capital structure: The
company has a weak financial risk profile, as characterized by high
overall gearing and moderate debt coverage metrics. The overall
gearing of the company deteriorated from 12.99x as of March 31,
2020 to 14.51x as of March 31, 2021, primarily on account of
deterioration in the net worth due to net losses reported in FY21.
PBILDT interest coverage and Total Debt/ Gross Cash stood at 1.49x
and 17.35x during FY21 vis-a-vis 1.49x and 17.63x during FY20
respectively. Further, given the relatively high debt servicing
obligation during FY22 and FY23, the company will have limited
headroom for operational and financial underperformance.

* Continued regulatory uncertainties: The company has several
matters under adjudication with several regulatory authorities.
These matters largely relate to change in law events (coal cost
pass through, change in tax regime, etc.) and dispute related to
capacity charges (with GRIDCO). The same has resulted in
accumulation of regulatory receivables. Although the regulatory
receivables have reduced from ~Rs 1,027 crore as of March 31, 2020
to ~Rs 756 crore as of December 31, 2021, the same continues to
remain high. Going forward, timely receipt of final orders from
regulatory authorities and subsequent receipt of pending dues from
off-takers shall remain a key monitorable.

* Counterparty credit risk resulting in an elongated working
capital cycle: The company's operating cycle remained elongated at
90 days during FY21 (PY: 80 days). Although there has been a minor
improvement in the collection period, the same continues to remain
high at 148 days during FY21 (PY: 153 days). The inventory and
creditor days have reduced during FY21. Total outstanding debtors
(incl. regulatory debtors) increased from ~Rs 1418 crore as of
March 31, 2021 to ~Rs 1,578 crore as of December 31, 2021.
Substantial receivable as of December 31, 2021 is also older than
180 days. The weak financial health of its power off-takers
continues to remain a cause of concern for GKEL. The higher level
of Aggregate Transmission and Commercial (AT&C) losses, the rising
power purchase costs and the absence of cost reflective tariff
regimes have put a strain on the financial position of its
off-takers.

Key Rating Strengths

* Experienced promoter group with experience in developing power
projects: GKEL is a part of the GMR group which is a major player
in the infrastructure sector through its flagship company GMR
Infrastructure Limited (GIL) and has been developing projects in
India and abroad in areas such as airports, energy, transportation,
etc. Over the years the GMR group has successfully implemented
various power projects and has substantial experience in developing
and operating power projects.

* Long term power purchase agreement and Fuel Supply agreement in
place: GKEL has long term off-take agreements with GRID Corporation
of Odisha (GRIDCO) for 25% of the capacity (262.5 MW), Haryana
distribution companies for 31.94% of capacity (335.4 MW) and Bihar
State Power Holding Company Ltd for 27.4% of capacity (287.7 MW).
Further, the fresh bidding was invited by PFC Consulting Limited
for 2500 MW in the month of February 2020 in which GKEL has won bid
for 150 MW capacity. The company is expecting the PPA to be signed
soon and the supply to begin in the near term. The company also has
an FSA with Mahanadi Coalfields Limited (MCL) for an Annual
Contracted Quantity (ACQ) of 2.14 million tonnes per annum (MTPA).
The company also has an FSA for ACQ of 1.5 MTPA coal under SHAKTI
Scheme.

* Improvement in operational performance during FY21 and further
during 9MFY22: During FY21, the plant availability factor (PAF)
improved to 85.16% (PY: 81.68%), i.e higher than the normative
level which shall ensure recovery of fixed capacity charges.
Further, the plant load factor (PLF) also improved to 77.20% (PY:
63.59%). Competitive variable tariff of the plant places it high in
the merit order dispatch of off-taking state leading to higher
scheduling. PAF and PLF during 9MFY22 witnessed further improvement
to 91.99% and 82.64% respectively.

* Industry outlook: Thermal PLF has been continuously declining in
the past few years. With resumption of industrial and commercial
activities post the second wave of covid-19, base energy demand has
witnessed improvement in the country. As a result, thermal plants
are receiving higher schedule and are expected to clock improved
PLF for FY22. Lag in coal production/ transportation to match up
the high consumption level along with higher peak demand has firmed
up merchant rates which augurs well for plants with untied
capacity. There are numerous and interconnected challenges for the
sector. The sector is expected to witness FGD capex of around INR1
lakh crore in the medium term where the progress in terms of
financial closure and project implementation have been slow.
Lastly, the payables of the discoms have continuously increased
over the past. Till the time structural changes are successfully
implemented for the discoms, the gencos are expected to have high
working capital requirement.

Liquidity: Stretched

The liquidity position of the company has improved post partial
receipt of regulatory dues from Haryana and Bihar discoms. Since
FY20, the company has cumulatively received ~Rs 470 crore from
Haryana and Bihar discoms till December 31, 2021. The gross cash
accrual projected for GKEL in FY22 has limited headroom vis a vis
the debt repayment. The liquidity position of the company is aided
by cash and bank balance of INR4.85 crore and unutilized fund-based
limits of Rs 8.12 crore as on January 12, 2022. Average fund based
working capital utilization of the company stood at ~89% in
trailing twelve months ending Dec'21. Average collection period of
GKEL has been high in the past due to pending regulatory
receivables.

Incorporated in December 2007, GKEL is a special purpose vehicle
promoted by GMR Energy Limited (GEL) which is an operating
cum-holding company for all power projects of the GMR Group. GKEL
has developed a 1,050 Mega Watt (MW) (3x 350MW) coalfired power
project at Kamalanga Village, Dhenkanal district, Odisha. The
project cost was initially estimated at INR 4,540 crore,
subsequently there was a cost overrun of INR 1,979 crore leading to
the total project cost to INR 6,519 crore. The project was funded
through debt of INR 4,269 crore and equity of INR 2,250 crore (D:E
- 65.4: 34.6). The project consisting of 3 units of 350 MW each
achieved COD on April 2013 for Unit-I, November 2013 for Unit-II
and March 2014 for Unit-III respectively.


GOKUL DAIRY: CARE Lowers Rating on INR16cr LT Loan to B+
--------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Gokul Dairy Products (GDP), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank
   Facilities           16.00      CARE B+; Stable Revised from
                                   CARE BB-; Stable

Detailed Rationale & Key Rating Drivers

The revision in rating assigned to the bank facilities of GDP
factors in likely deterioration in debt coverage indicators due to
increased debt repayments in near to medium. With most of firm's
customers being in hotel and restaurant segment, firm's cash
accruals have been impacted due to Covid led lockdown and its
ability to improve the same remains to be seen. The rating
continues to be tempered by its modest scale of operations,
moderate financial risk profile of the firm marked by deterioration
in capital structure, seasonal nature of the milk processing
industry, geographical concentration risk, competition from the
organized and un-organized sector and environmental risk and
constitution of the entity as a partnership firm with inherent risk
of withdrawal of capital. These rating weaknesses are partially
offset by long track record and experienced partners for more than
a decade in dairy industry, established relationship with the
customers and suppliers and Stable demand outlook for dairy
industry.

Rating Sensitivities

Positive Factors - Factors that could lead to positive rating
action/upgrade:

* Increase in the scale of operation above INR60.00 Cr along with
TDGCA of less than 12x

Negative Factors- Factors that could lead to negative rating
action/downgrade:

* Deterioration in Overall gearing above 3.50x

Detailed description of the key rating drivers

Key Rating Weaknesses

* Modest Scale of operations: The scale of operations of the firm
has declined by 14.36% and stood at INR48.37 crore in FY21(Prov.)
when compared to INR 56.48 crore in FY20(A) on account of Covid-19
impact. The firm majorly depends on commercial sales (Such as sales
to restaurants and catering services) and since their operations
were affected inturn impacted firm's sales. Sales picked up in
H2FY21 and H2FY22 on account of opening food and related sectors
helping in the recovery but increasing restrictions in recent times
may impact its operations again. The firm has achieved the total
operating income of INR36.27 Cr in 9MFY22.

* Moderate financial risk profile: GDP's PBILDT margin marginally
improved to 3.71% in FY21(Prov.) when compared to 3.28% in FY20 due
to reduction in overheads but is still lower than 4.5-5% margins
earned by it in the past. Reduction in sales translated into
reduction in PAT and GCA. With increase in term debt levels, it is
imperative for firm to improve its profitability so as to maintain
debt coverage indicators at satisfactory levels.  The overall
gearing deteriorated to 2.61x as on March 31, 2021 when compared to
1.94x as on March 31,2020 on account of full utilization of working
capital limits and ECGL availed to meet the operational liabilities
and for purchase of inventory. Total debt/GCA stood at 24.47x as on
March 31, 2021 when compared to 16.12x on March 31, 2020 (A) and
due to decline in cash accruals and overall increase in the debt
levels of the firm. The operating cycle of the firm elongated to
109 days in FY21(Prov.) when compared to 74 days in FY20(A) due to
high collection period of 102 days in FY21(Prov.). Generally, the
firm receives the payment within 15-20 days but for some customers,
the credit has been extended to 80-100 days as to sustain in the
competitive market. The firm makes the payment to its creditors
within 20-30 days. To meet the working capital gap on account of
higher receivable days, the firm is fully utilizing its working
capital limits for 12 months ended December 31, 2021.

* Seasonal nature of the milk processing industry: The dairy
industry is characterized by the short supply of milk during peak
of summers. The company procures the milk during the winter season
when the milk is available in abundance and at low price which
leads to build-up of inventory/finished goods mostly ghee.
Correspondingly, there is high requirement of funds during the peak
season i.e. winter months from October-February.

* Geographical Concentration risk: The firm purchases raw milk from
the suppliers in Karnataka and Tamil Nadu and sells the final
products to the customers in Karnataka and Tamil Nadu leading to
concentration of sales pertaining to these states. In order to
reduce the same, the firm has started its marketing program in
order to capture the untamed markets in the states of Karnataka
Tamil nadu and Andhra Pradesh. The firm recently started selling of
ghee and other by products in online platforms in the areas of
Chennai, Bangalore and Hyderabad.

* Competition from the organized and unorganized sector and
environmental risk: The group faces competition in the dairy
segment from other established brands in the organized market. The
competition gets fiercer with presence of unorganized players
leading to pricing pressures. Other major dairy companies are also
entering into the manufacturing of value-added milk products on
account of increasing demand in the domestic market. The group is
exposed to environmental risk related to epidemic, since its entire
milk collection is from the milk producers in Karnataka and
Tamil Nadu.

* Constitution of the entity as a partnership firm concern with
inherent risk of withdrawal of capital: The firm's constitution as
a partnership concern with moderate net-worth base restricts its
overall financial flexibility in terms of limited access to
external fund for any future expansion plans. Furthermore, there is
an inherent risk of possibility of withdrawal of capital and
dissolution of the firm in case of death/insolvency of partners.
Further, the partners have withdrawn a capital of INR0.48 crore in
FY21 (Prov.)

Key Rating Strengths

* Long track record and experienced partners for more than a decade
in dairy industry: The firm was established in 1997, hence it has
long track record of operations. GDP is promoted by Mr. K N
Krishnamurthy, who looks after the overall affairs of the firm. The
firm is also managed by Mr. K N Ranganath, who looks after the
office maintenance and Ms. K Supriya, who looks after the
administration department. The partners are into the same line of
business since last 2 decades, which enables the firm to get
repeated orders from existing customers along with new customers
Established relationship with the customers and suppliers GDP has
established relationship with some of its major customers such as
Ali-CTD, Ragavendra Milk Parlour, Revanna M R etc which helps the
firm to get the repeated orders.

* Stable demand outlook for dairy industry: The dairy industry is
expected to grow by 9-11 percent in 2021-22, driven by revival in
economic activities and increasing per capita consumption of milk
and milk products and change in dietary preferences on account of
rapid urbanization. The domestic milk production is expected to be
increase by 5-6 percent in 2021-22, supported to moderate monsoon
and flush season. The industry has witnessed a recovery post the
second wave of covid-19 and with increase in sales during the
festive season the recovery is expected to be recovered before the
estimated time period. Raw milk procurement prices, which were
subdued in FY21 due to weak demand, have increased in the current
fiscal supported by a recovery in demand. Nevertheless, the higher
procurement costs are not compensated by an equivalent increase in
selling prices, which coupled with elevated fuel costs will result
in contraction of 150 bps margins for dairy players in FY22. Along
with offering profitable business opportunities, the dairy industry
in India serves as a tool of socio-economic development. Keeping
this in view, the Government of India has introduced various
schemes and initiatives aimed at the development of the dairy
sector in the country.

Liquidity: Stretched

Liquidity is stretched marked by full utilization of its working
capital limits for 12 months ended December 31, 2021. The firm is
highly relied on its working capital borrowings to meet its working
capital requirement on account of high collection period due to its
nature of operations and has a low cash balance of INR0.10 crore as
on March 31, 2021 (Prov.). Firm's cash accruals are also tightly
matched to its repayments.

Kunigal (Karnataka) based, Gokul Dairy Products (GDP) was
established in 1997 as a partnership firm by Mr. K.N. Krishna
Murthy along with his family members. The firm is engaged in the
processing of milk and manufacturing of value-added products like
condensed, skimmed milk powder, milk cream, khova and ghee. GDP has
installed capacity of processing 1 lakh liters per day of raw-milk
as of December 31,2021 It sells processed milk under the brand name
"Kaveri" and milk products under the name "Milky Wave" mainly in
the states of Karnataka, Andhra Pradesh and Tamil Nadu. The milk is
procured from the local farmers on an average of 40,000 liters per
day.


INDUSTRIAL PROGRESSIVE: CARE Keeps D Debt Rating in Not Cooperating
-------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Industrial
Progressive India Limited (IPIL) continues to remain in the 'Issuer
Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      55.00       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 January 25, 2021, placed the
rating(s) of IPIL under the 'issuer non-cooperating' category as
IPIL 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. IPIL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
December 11, 2021, January 6, 2022, and January 10, 2022.

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).

Industrial Progressive (India) Limited (IPIL), promoted by Mr.
Subash Goel and his associates, was incorporated on 19th November
1984 as a public limited company. However, the company started its
operations from 1992 onwards with initial
capacity of 2 lakh liters per day (LLPD) of milk. Mr. Rajesh
Gandhi, MD looks after the operations of the company. The original
promoter Mr. Goel had sold his stake to Mr. Gandhi in Sept 2010.
The company is engaged in the manufacturing of various Milk
products under the brand name "Doaba" and "Milk Country". "Doaba"
caters to North India especially Haryana and Rajasthan whereas
"Milk Country" caters to the demand of Andhra Pradesh, Kerala and
Tamil Nadu. The manufacturing products range of the company
includes Ghee, Skimmed Milk Powder (SMP), Butter, Casein, Whey
Powder and Liquid Milk.


IVRCL CHENGAPALLI: CARE Keeps D Debt Rating in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of IVRCL
Chengapalli Tollways Limited (ICTL) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      891.90      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 December 21, 2020, placed
the rating(s) of ICTL under the 'issuer non-cooperating' category
as ICTL 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. ICTL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
November 6, 2021, November 16, 2021, and November 26, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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).

ICTL, incorporated in February 2010, is a special purpose vehicle
(SPV) promoted by IVRCL Limited (IVRCL), through its subsidiary
IVRCL Assets & Holdings Limited (IAHL), which has now been merged
with IVRCL. ICTL was implementing a road project (under NHDP
Phase-II program) envisaging 4/6 laning of the road in
Chengapalli–Coimbatore–Walayar of NH-47 in the state of Tamil
Nadu (Total length: 54.83 km) on Design, Build, Finance, Operate
and Transfer (DBFOT) toll basis for a concession period of 27
years. The project stretch is divided into two sections; from Km
102.03 to Km 144.68 of 42.64 km (Section I) and from Km 170.88 to
Km 183.01 of 12.13 Kms (Section II). The project achieved
provisional Commercial Operational Date (COD) on October 9, 2015
and has started collecting toll revenue from October 14, 2015.


KNITCRAFT APPARELS: CARE Lowers Rating on INR35cr LT/ST Loan to D
-----------------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Knitcraft Apparels International Private Limited (KAIPL), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term/           35.00      CARE D/CARE D Revised from
   Short Term                      CARE B; Stable/CARE A4
   Bank Facilities      
                                   
Detailed Rationale & Key Rating Drivers

The rating has been revised on account of bill over dues due to
stressed liquidity position.

Rating Sensitivities

Positive Factors- Factors that could lead to positive rating
action/upgrade

* Timely repayment of its debt on timely basis

Detailed description of the key rating drivers

Key Rating Weaknesses

* Delays in servicing of debt obligations: There have been
instances of delay in servicing of its debt obligations due to
stressed liquidity position. As confirmed by the banker there are
bill overdues from around three months. Further company has applied
for extension but still the proposal is under process.

* Volatility in raw material prices and highly labor-intensive
operations: Major raw materials used by KAIPL include cotton/cotton
yarn. Cotton prices have remained volatile as they are driven by
various factors like, area under cultivation, yield for the year,
government regulation and pricing, etc. Hence profitability of the
company is highly susceptible to raw material price fluctuation and
has therefore exhibited considerable volatility in the past.
Moreover, the operations of KAIPL are highly labor-intensive. Labor
costs form a significant part of the cost structure and affect the
operating margins of the company.

* Foreign currency fluctuation risk: The company's operations are
dependent on the export market as industry's revenue is mainly
driven by the overseas market than the domestic market. With
initial cash outlay for procurement in domestic currency as imports
are negligible and significant chunk of sales realization in
foreign currency, the company is exposed to the fluctuation in
exchange rates. However, the company hedges around 70% of its
export receivable through forward contracts which exposes the
company to any sharp appreciation in the value of rupee against
foreign currency of uncovered portion which may impact its cash
accruals.

* Highly competitive and fragmented industry resulting in stiff
competition coupled with changing fashions trends: KAIPL operates
in a highly fragmented industry wherein there is presence of a
large number of players in the unorganized and organized sectors.
There are number of small and regional players catering to the same
market which has limited the bargaining power of the company and
has exerted pressure on its margins.

Liquidity analysis: Stretched

The liquidity position of the company remains stretched due to
working capital intensive operations as reflected by high inventory
levels and almost full utilization of working capital limits. Also,
due to working capital intensive operations and lockdown at the
customer ends, some of the bill discounted has remained overdrawn
around 90 days.

Delhi-based Knitcraft Apparels International Private Limited
(KAIPL) has succeeded an erstwhile partnership firm Knitcraft
Apparels International established in 1999 and converted into
private limited company in the year 2007. The company is currently
being managed Mr. Sanjay Khurana, Mr. Sandeep Khurana and Mr.
Sanchit Khurana. KAIPL is predominantly an export-oriented unit.
The company is engaged in manufacturing of readymade garments which
includes knitting, dyeing, finishing, printing, embroidery,
stitching etc. of Shirts, Fleece, and Jacquard etc. The company
also manufactures 100% micro-polyester & polyester spandex products
used in golf & other active wears. KAI majorly exports its product
directly to various retail chains & stores located in USA, Canada,
the U.K., and Europe. These include reputed customer base like
G-IIIApparel Canada LLC, Tommy Hilfiger, Van Heusan, Calvin Klein,
Ralph Lauren Corp (Polo) (USA), Superdry Plc (UK), DKNY(USA),
Esprit (Europe), Debenhams Retail PLC, Flag & Anthem etc.

LAKSHMI TRANSPORT: CARE Keeps B- Debt Rating in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sri Lakshmi
Transport Company (SLTC) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       11.00      CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 11,
2021, placed the rating(s) of SLTC under the 'issuer
non-cooperating' category as SLTC 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. SLTC
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated November 27, 2021, December 7, 2021, December
17, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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).

Jaggayapet based, Sri Lakshmi Transport Company (SLTC) was
established as a transport service provider in 2013 by Mr.
Chinta Venkata Naga Janardhana Rao along with his family members.
SLTC is primarily engaged in providing transport of cement from
Cement manufacturing companies like Ultra tech, Kcp, Ramco. And
also transporting of raw materials like Coal, gypsum, Iron ore
etc., to these Cement Manufacturing companies.


MICRO INTERNATIONAL: CARE Keeps B Debt Rating in Not Cooperating
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Micro
International (MIN) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       8.60       CARE B; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 28,
2021, placed the rating(s) of MI under the 'issuer non-cooperating'
category as MI had failed to provide information for monitoring of
the rating and had not paid the surveillance fees for the rating
exercise as agreed to in its Rating Agreement. MI continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
December 14, 2021, December 24, 2021, January 3, 2022.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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).

Karnal (Haryana) based Micro International (MIN) was established in
March 2015 and started its commercial operations from May 2016. The
firm is currently managed by Mr. Vinay Singla, Mr. Ankur Singla,
Mr. Mohan Lal and Mrs Meera Rani sharing profits and losses in the
40%, 20%, 20% and 20% respectively. The firm is engaged in the
manufacturing of mink blankets with an installed capacity to
manufacture 3360 tonne per annum as of October 31, 2019. Besides
MIN, the partners are also engaged in managing another group
concerns namely Shri Ram Textiles and Shakumbra Spinners.


NAGA SATYA: CARE Keeps B- Debt Rating in Not Cooperating
--------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Naga Satya
Latha Enterprises (NSLE) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       12.00      CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 13,
2021, placed the rating(s) of NSLE under the 'issuer
non-cooperating' category as NSLE 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. NSLE
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated November 29, 2021, December 9, 2021, December
19, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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).

Naga Satya Latha Enterprises (NSLE) was established in the year
2017 by Ms. Naga Satya Latha Immani as a proprietorship concern.
Earlier, the firm was engaged in the business of trading of
Tobacco, Pulses and Shrimp. At present, the firm is engaged in the
wholesale and retail trading of different kinds of pulses and
shrimp. The firm generates 95% of the revenue from the trading of
pulses and remaining 5% from sale of shrimp. The firm sells both
pulses and shrimp in the districts of Andhra Pradesh and purchases
the same from the farmers located around Prakasham district, Andhra
Pradesh.


POOJA PRINTERS: CARE Lowers Rating on INR6.0cr LT Loan to B-
------------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Pooja Printers (PP), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        6.00      CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category and
                                   Revised from CARE B; Stable

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 22,
2021, placed the rating(s) of PP under the 'issuer non-cooperating'
category as PP 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. PP continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a email dated December
8, 2021, December 18, 2021, December 28, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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 have been revised on account of non-availability of
requisite information.

Pooja Printers (PP) is a proprietorship entity established in June,
2014 by Mr. Chanderprakash Kewalram Makhija. The entity is engaged
in the business of manufacturing of packaging material which mainly
includes biscuits wrappers, flavoured candy pouch, spices pouch,
flavoured jelly cup, pp films, milk pouch which find its
application in Confectionery & FMCG industry. PP has its registered
office located at Ulhasnagar, (Thane).


RAMACHANDRA POOJA: CARE Keeps B- Debt Rating in Not Cooperating
---------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sri
Ramachandra Pooja Industries (SRPI) continues to remain in the
'Issuer Not Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        7.00      CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 13,
2021, placed the rating(s) of SRPI under the 'issuer
non-cooperating' category as SRPI 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. SRPI
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated November 29, 2021, December 9, 2021 and December
19, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which, however, in CARE Ratings Ltd.'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 SRPI have been
revised on account of non-availability of requisite information.

Sri Ramachandra Pooja Industries (SRPI) was established in 1993 as
a partnership firm. SRPI is engaged in milling and processing of
rice. The rice milling unit of the firm is located at Bevinahal Po:
Karatagi, Gangavathi, Koppal, Karnataka. Apart from rice
processing, the firm is also engaged in selling off bi-products
such as broken rice, husk and bran. The main raw material, paddy,
is directly procured from local farmers located in and around
Koppal District and the firm sells rice and other by-products in
Chennai, Tamilnadu, Andhra Pradesh, Mumbai, Bangalore etc.


RGM FUTURE: CARE Assigns B+ Rating to INR28.57cr LT Loan
--------------------------------------------------------
CARE Ratings has assigned rating to the bank facilities of RGM
Future Vision 21 Private Limited, as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank
   Facilities-
   Long term rupee
   term loan            28.57      CARE B+; Stable Assigned

   Long Term Bank
   Facilities-
   Cash Credit           0.45      CARE B+; Stable Assigned

Detailed Rationale & Key Rating Drivers

The ratings assigned to the proposed bank facilities of RGM Future
Vision 21 Private Limited are constrained by nascent stage of the
project with very little financial progress, pending debt tie-up,
no track record and limited experience of promoters in successfully
commissioning and running greenfield projects, however weaknesses
are partially offset with locational advantage available for the
project site with close proximity to raw materials procurement
sources, positive industry prospects, and assistance from State
Government as per HERDA guidelines 2018.

Rating Sensitivities

Positive Factors - Factors that could lead to positive rating
action/upgrade:

* Timely financial closure for the project, required statutory
approvals and commissioning of project within envisaged
timelines without any time and cost overrun.

Negative Factors- Factors that could lead to negative rating
action/downgrade:

* Any substantial time or cost overruns associated with the
project.

* Delay in tie-up of term debt or promoter's contribution.

Detailed description of the key rating drivers

Key Rating Weaknesses

* Implementation Risk associated with its debt-funded greenfield
project: The company is setting-up a Greenfield project to
manufacture compressed biogas fuel under the Haryana Bio-energy
policy 2018, whereby it has already entered into long-term
agreement with Oil Marketing Companies (OMCs) namely Indian Oil for
a period of 15 years. The total cost of the project is INR41.45
crore and the same is proposed to be funded by promoter's
contribution of INR12.43 crore and term loan of INR 28.57 crore,
working capital loan of INR 0.45 Cr. The proposed operations start
date of the project is Jan 2023 on trial run basis and from April
23 onwards company starts its commercial operations. The required
statutory approvals have been obtained by the company. The
financial closure of the project is not yet complete. Up till now,
the company has incurred INR12.00 crore of total project cost
pre-operative expenses (land digging). The ability of the company
to complete the project without any cost or time over run will
remain critical from credit risk perspective.

* Limited experience of promoters in project commissioning: Mr
Roshan lal Ranga having an experience of 10 years in the
manufacturing of compressed biogas (CBG), manure for organic crops,
he also provides technical consultancy services in
setting up of CBG manufacturing plants, domestic and commercial use
of CBG, assist in manufacturing of briquetting and manure like DAP,
UREA, potash for organic farming. However, promoters have limited
experience in successfully commissioning and running up of green
field projects.

Key Rating Strengths

* Location Advantage in terms of availability of raw material: The
company is setting up six Compressed Biogas (CBG) manufacturing
plant in the state of Haryana, located at different villages
namely, Babbehra, Brot, Bagthala, Ghuan, Baroda, Brodh. Production
of CBG and its by-products mainly depends on Agri waste and animal
waste, North-Indian region, Punjab and Haryana are the major Agri
waste production states, thereby the company is expected to be
benefited with easy access to raw material in the nearby areas
resulting in savings in logistic expenses.

* Positive Industry Prospectus: Biogas is an environment friendly,
renewal energy source, mainly produced from bio waste such as cow
dung, hatchery, agriculture waste and bio manual waste. The bio-
energy policy 2018 promote generation of energy from the surplus
biomass in the state thereby to save conventional fuels, reduce
import bills, reduce pollution generated out of burning of crop
residue, further it will also help to improve environmental & soil
heath and will create alternate stream of income to farmers as
Agri- waste and bio waste can also be used for production of
bioenergy. Further the demand of biofuel is increasing owing to
growing energy demand, fossil fuel consumption and rising pollution
level and reduction on import. India is currently importing nearly
77% of its Crude oil requirements and about 50% of natural gas
requirement, leading the government of India to reducing this
import by at least 10% by 2022.

* Favorable Government policies: The Government of India, in its
National Bio-fuels Policy, 2018 emphasizes on promoting of advanced
biofuels including CBG and providing several benefits in form of
subsidies on setting up renewable energy plants to enhance the
capacity, Haryana Govt new and renewable energy department is also
providing financial assistance to promote bioenergy in form of full
exemption from octroi on biomass fuels, 100% exemption from entry
tax for all supplies made for setting up and trail operations of
the projects, exemption on VAT/ GST on plant and machinery.

Liquidity: Stretched

Currently, the project has not commenced and are likely to be fully
operational by Jan 2023 on trial run basis and Commercial
production starts in April 2023. The liquidity position remains
dependent on timely completion of project with stabilization and
streamlining of revenues and company's fund infusion in the form of
promoter's contribution to the tune of INR12.43 crore of which
INR12.00 crore (70% unsecured loan from relatives and 30 %
promoters fund) has been infused till date. Unsecured loan is
interest bearing @ 12% and will be expected to repay within 16
months from the date commercial operations of the project.

RGM Future Vision 21 Private limited was incorporated on July 23,
2020, by Mr. Roshan lal Ranga, to establish 6 CBG manufacturing
plant under the greenfield project. The company has entered into an
agreement with oil marketing companies for supply of CBG. The
company has entered into an agreement with the below mentioned
companies for acquisition of land (5-acre land @40 lacs per acre
i.e INR 2.00 Cr) on a lease for a period of 15 years & above. The
promoters of the following entities have provided land for the
project against a share of 20% profits of the company over a period
of 15 years.


SAIBABA SALES: CARE Keeps B- Debt Rating in Not Cooperating
-----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Saibaba
Sales Private Limited (SSPL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      17.08       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 22,
2021, placed the rating(s) of SSPL under the 'issuer
non-cooperating' category as SSPL 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. SSPL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and emails
dated December 8, 2021, December 18, 2021, December 28, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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).

SSPL is a Pune based company which was incorporated in the year
2000 and has diversified its operations in two divisions viz; real
estate development of residential complexes within Pune since 2009,
auto dealership for two wheelers TVS Motor Company Limited and four
wheelers Chevrolet Sales India Private Limited since 2008 and
October 2012 respectively.


SEYA PATE: CARE Keeps B- Debt Rating in Not Cooperating Category
----------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Seya Pate
Constructions LLP (SPCL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank       7.50       CARE B-; Stable; ISSUER NOT
   Facilities                      COOPERATING; Rating continues
                                   To remain under ISSUER NOT
                                   COOPERATING category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. had, vide its press release dated January 22,
2021, placed the rating(s) of SPCL under the 'issuer
non-cooperating' category as SPCL 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. SPCL
continues to be noncooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated December 8, 2021, December 18, 2021, December
28, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Established in the January 2015, SPC is a limited liability
partnership and belongs to Pune based Pate Developers. The firm is
engaged in developing a residential project namely Seya at Pune.


SHIRAGUPPI SUGAR: CARE Keeps D Debt Ratings in Not Cooperating
--------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Shiraguppi
Sugar Works Limited (SSWL) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank     196.16       CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

   Short Term Bank      0.37       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 December 17, 2020, placed
the rating(s) of SSWL under the 'issuer non-cooperating' category
as SSWL 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. SSWL continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
November 2, 2021, November 12, 2021 and November 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).

Shiraguppi Sugar Works Limited (SSWL) was incorporated in May 1995
by Mr. Kallappa Parisa Magennavar. The company had obtained the
license to establish sugar factory in the year 1998 itself, however
the project remained dormant till year 2005 due to delay in
financial closure and lack of sufficient funds towards land
acquisition. In year March 2006, Doddanvar Brothers had over 95%
shareholding in the company. Post financial closure and land
acquisition in year 2010, SSWL commenced project implementation
activities and commenced operations at 5000 TCD sugar mill and 20
MW co-generation unit from October 2012 onwards (i.e. sugar season
(SS) 2012-13) at Athani, Dist Belgaum, Karnataka.


TAHIR CONSTRUCTION: CARE Lowers Rating on INR9.90cr LT Loan to B
----------------------------------------------------------------
CARE Ratings revised the ratings on certain bank facilities of
Tahir Construction (TC), as:

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank        9.90      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 Ratings Ltd. had, vide its press release dated February 3,
2021, placed the rating(s) of TC under the 'issuer non-cooperating'
category as TC 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. TC continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/ email dated
December 20, 2021, December 30, 2021, January  9, 2022.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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 have been revised on account of non-availability of
requisite information.

Tahir Construction was constituted in 2014 as a proprietorship firm
and is currently managed by Mr. Tarik Ameer who has more than 2
decades of experience in construction industry. Tahir construction
is involved in civil construction and bids only from government
projects for water and sewage schemes. It has undertaken number of
contracts for Atal Mission For Rejuvenation and Urban
Transformation (AMRUT; Ministry of Housing and Urban Affairs,
Government of India) and Neer Nirmal Pariyojana (providing clean
drinking waters to villages).


TERRACIS TECHNOLOGIES: CARE Keeps D Debt Rating in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Terracis
Technologies Limited continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term Bank      166.55      CARE D; ISSUER NOT COOPERATING
   Facilities                      Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE Ratings Ltd. has been seeking documents from ITL to monitor
the ratings vide various email communications and numerous phone
calls. The last 3 e-mail communications dated December 31, 2021,
January 3, 2022 and January 4, 2022, the company has not provided
the requisite information for monitoring the ratings. Further,
Terracis Technologies Limited has not paid the surveillance fees
for the rating exercise agreed to in its Rating Agreement.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating. The ratings on Terrace Technologies
Limited's bank facilities will now be denoted as CARE D; ISSUER NOT
COOPERATING.

Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).

Analytical approach: Consolidated. TTL has four wholly-owned
subsidiaries and one overseas subsidiary (Philippines) with 67%
stake.

Terracis Technologies Limited (formerly known as IL&FS Technologies
Limited (ITL)) is a part of IL&FS group. TTL was incorporated on
February 9, 1993 and is engaged in complete end-to-end technology
solutions offering consulting, software development, systems
integration, data digitization and management service and
solutions, performance tuning solutions and IT infrastructure
management services to global customers. TTL works closely with
various government departments (pan India and globally) to create
e-Governance infrastructure. TTL, over the years has developed
significant.


VINCI INDUSTRIAL: CARE Keeps B Debt Rating in Not Cooperating
-------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Vinci
Industrial Corporation (VIC) continues to remain in the 'Issuer Not
Cooperating' category.

                       Amount
   Facilities       (INR crore)    Ratings
   ----------       -----------    -------
   Long Term/           10.40      CARE B; Stable/CARE A4;
   Short Term                      ISSUER NOT COOPERATING;
   Bank Facilities                 Rating continues to remain
                                   under ISSUER NOT COOPERATING
                                   category

Detailed Rationale & Key Rating Drivers

CARE had, vide its press release dated December 31, 2020, placed
the rating(s) of VIC under the 'issuer non-cooperating' category as
VIC 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. VIC continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
November 16, 2021, November 26, 2021, December 6, 2021.

In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'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).

Kolkata based, Vinci Industrial Corporation (VIC) was established
as a partnership firm in April 1995 by two brothers namely Mr.
Vikram Barmecha and Mr. Vishal Barmecha. The firm assembles and
supply of pump sets, gen sets, other agriculture equipment and also
assembles battery operated toto rickshaw etc. The firm has also
been engaged in manufacturing and supply of LED bulb, LED tube
light etc. The firm procures pump sets, gen sets and other
agriculture equipment from China and assembles those materials and
sells in the domestic market. The firm has not availed any
moratorium from its lender.




=====================
N E W   Z E A L A N D
=====================

IPREDICT LIMITED: Creditors' Proofs of Debt Due on Feb. 18
----------------------------------------------------------
Creditors of Ipredict Limited, which is in voluntary liquidation,
are required to file their proofs of debt by Feb. 18, 2022, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Jan. 19, 2022.

The company's liquidators are:

         David Ian Ruscoe
         Mark Terence McDonald
         Grant Thornton New Zealand Limited
         PO Box 10712, Wellington


KAVIANDTEAM SERVICES: Creditors' Proofs of Debt Due on March 7
--------------------------------------------------------------
Creditors of Kaviandteam Services Limited, which is in voluntary
liquidation, are required to file their proofs of debt by March 7,
2022, to be included in the company's dividend distribution.

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

The company's liquidator is:

          Pritesh Patel
          Patel & Co
          PO Box 23296, Manukau
          Email: pritesh@patelandco.co.nz


ROOFING GUY: Creditors' Proofs of Debt Due on Feb. 21
-----------------------------------------------------
Creditors of The Roofing Guy Limited, which is in voluntary
liquidation, are required to file their proofs of debt by Feb. 21,
2022, to be included in the company's dividend distribution.

The company commenced wind-up proceedings on Jan. 21, 2022.

The company's liquidators are:

          Steven Khov
          Kieran Jones
          Khov Jones Limited
          PO Box 302261
          North Harbour, Auckland 0751




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

GEOSHIPPING PTE: Court to Hear Wind-Up Petition on Feb. 4
---------------------------------------------------------
A petition to wind up the operations of Geoshipping Pte Ltd will be
heard before the High Court of Singapore on Feb. 4, 2022, at 10:00
a.m.

Geocean SAS filed the petition against the company on Jan. 12,
2022.

The Petitioner's solicitors are:

          UniLegal LLC
          160 Robinson Road
          #08-03 SBF Center
          Singapore 068914


LIP INTERNATIONAL: Court Enters Wind-Up Order
---------------------------------------------
The High Court of Singapore entered an order on Jan. 14, 2022, to
wind up the operations of LIP International Pte. Ltd.

Maybank Singapore Limited filed the petition against the company.

The company's liquidators are:

          BDO Advisory Pte Ltd
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778


MULHACEN PTE: PIK Notes Get Fitch 'C' Rating on Bondholder Deal
---------------------------------------------------------------
Fitch Ratings has downgraded Mulhacen Pte Ltd's (Mulhacen)
Long-Term Issuer Default Rating (IDR) and senior secured
payment-in-kind (PIK) toggle notes (XS1860991766) to 'C' from
'CC'.

The downgrade follows Mulhacen's announcement on January 20, 2022
that it has entered a binding lock-up agreement with a majority of
existing bond holders, which involves a proposed write-down of the
notes by 45% and a maturity extension of the notes to December 2026
from August 2023.

Fitch views the proposed transaction as a distressed debt exchange
(DDE) as it meets both conditions outlined in Fitch's Non-Bank
Financial Institutions (NBFI) Rating Criteria: it represents both a
material reduction in terms and is, in Fitch's view, conducted to
avoid Mulhacen's bankruptcy, similar insolvency or intervention
proceedings, or a traditional payment default.

Mulhacen is a non-operating holding company set up by Värde
Partners to acquire WiZink Bank (WiZink), which is Mulhacen's only
significant asset. Mulhacen is not included in WiZink's regulated
banking group supervised by the Bank of Spain.

KEY RATING DRIVERS

IDR AND DEBT

Mulhacen's Long-Term IDR and debt rating reflect Fitch's view that
the announced transaction constitutes a DDE under Fitch's criteria.
The PIK notes' rating reflects Fitch's view that the debt is the
main reference liability of Mulhacen and Fitch would view a default
of the instrument as a default of Mulhacen. Fitch does not assign a
Recovery Rating to the notes, given a wide range of possible
outcomes at this stage.

Management intends to complete the transaction by end-1Q22 at which
point Fitch will review Mulhacen's post-transaction credit
profile.

Material Reduction in Terms: The proposed transaction includes the
write-down of Mulhacen's outstanding EUR515 million senior secured
PIK toggle notes by 45% and an extension of the bonds' maturity to
December 2026. Värde Partners and consenting bondholders will
establish, finance and backstop a new EUR280 million first-lien
facility, with EUR250 million of the proceeds used to recapitalize
WiZink.

While the proposed transaction includes an increase in the coupon
rate to 8% (from currently 6.5% if paid in cash and 7.25% if paid
in kind) and a 40% equity stake in Mulhacen for both consenting
and, to a lesser extent, non-consenting bondholders, Fitch views
the terms of the post-transaction notes as materially reduced
because of the material write-down, maturity extension and the
notes' contractual subordination to the newly-established EUR280
million facility.

Offer to Avoid Payment Default: Fitch deems the transaction as a
means for Mulhacen to avoid payment default once the current bonds
mature in August 2023. This is largely because WiZink's credit
profile continues to be negatively affected by litigation risks and
the need to adjust product pricing in Spain related to the March
2020 supreme court ruling. This negatively affects Fitch's
assessment of WiZink Bank's ability to distributes dividends in the
medium term and makes conventional refinancing of the notes or a
sale of the bank before August 2023 challenging.

Fitch acknowledges that the planned EUR250 million capital increase
in WiZink should materially strengthen the bank's regulatory
capital ratios and, depending on the amount of future litigation
claims, should improve its ability to resume dividend payments in
the medium term.

Conditions of the Transaction: Fitch understands that Mulhacen will
require the consent of 90% of its bondholders for the proposed
transaction in its current form to be successfully implemented in
accordance with the bond documentation.

RATING SENSITIVITIES

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

-- Mulhacen's Long-Term IDR will be downgraded to 'RD'
    (Restricted Default) if the proposed transaction is
    successfully carried out.

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

-- If the transaction is successfully carried out Fitch will
    subsequently re-rate Mulhacen's Long-Term IDR to a level that
    is consistent with the company's post-transaction capital
    structure and risk profile, which would likely be within a
    very low speculative-grade range;

-- Similarly, Mulhacen's existing senior secured PIK toggles
    notes would be re-rated, reflecting both Mulhacen's post
    transaction creditworthiness and the notes' effective
    subordination to the proposed EUR280 million first-lien
    facility, likely resulting in a very low speculative-grade
    rating.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

MULHACEN PTE: S&P Slaps 'CC' Rating on Distressed Exchange Offer
----------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating (ICR)
on Singapore-based nonoperating holding company Mulhacen Pte. Ltd.
(Mulhacen) to 'CC' from 'CCC+' and affirmed the 'C' short-term ICR.
S&P also lowered to 'CC' from 'CCC+' its issue rating on the senior
secured payment-in-kind (PIK) toggle bond due 2023. At the same
time, S&P placed all these ratings on CreditWatch with negative
implications.

S&P said, "We view Mulhacen's proposed exchange as a distressed
restructuring. Mulhacen's proposal to restructure its outstanding
EUR557 million payment-in-kind (PIK) toggle bond has been approved
by a majority of bondholders. The proposed transaction involves the
exchange of the existing bond for shares equivalent to up to 40% of
the capital of Mulhacen's owner Teide and a new PIK junior bond of
around EUR300 million maturing in December 2026. We believe that
the bondholders will thus receive less than they were originally
promised and in the form of a longer-tenor, more junior instrument.
Furthermore, those who participate in the offer will have to inject
up to EUR140 million of additional senior financing into Mulhacen,
while Mulhacen's shareholder, Varde Partners, will contribute an
additional EUR140 million in senior financing. In turn, Varde
Partners will reduce its 100% stake in Mulhacen to 60%. We believe
that if the debt restructuring does not take place, there is a
realistic possibility of a default. For these reasons, we consider
the transaction as distressed, and, if completed, as tantamount to
a default.

"Concurrently, Mulhacen will inject EUR250 million of capital into
WiZink Bank (WiZink), most of which we anticipate WiZink will use
to reinforce its provisions to meet legal claims regarding alleged
usury rates. As a result, we expect that WiZink's risk-adjusted
capital (RAC) ratio will strengthen toward 9.0% over the next 12-18
months compared to our previous expectation of an RAC ratio of
closer to 7.0%. This capital injection will help WiZink to operate
with a more comfortable buffer over the regulatory requirement. It
reported a 15.2% total capital ratio at end-September 2021 versus
the 13.8% requirement. The capital injection will also help
alleviate potential pressure on WiZink's capital from legal claims.
We anticipate that WiZink will use most of the proceeds to
reinforce its usury provisions. Following a negative ruling by
Spain's Supreme Court in March 2020, WiZink has been facing
significant legal claims on alleged usury rates, and these have
weighed on its financial and business profile.

"The distressed restructuring and the potential default on
Mulhacen's debt do not affect WiZink's ongoing operations. We have
maintained our group credit profile at 'b+'. WiZink is regulated by
the Bank of Spain. Even though WiZink will benefit from the
announced capital injection, it will deploy a significant portion
of the capital to enhance its provisions. We anticipate that it
will remain loss-making this year, before returning to modest
profits by 2023. At the same time, in our view, WiZink's deposits
remain highly sensitive to the rates it pays on them and to
depositors' confidence. That said, our base case remains that
deposit outflows will be contained, as the bank could put in place
various measures to retain them. This was evident in 2020, when,
despite the negative ruling by Spain's Supreme Court, deposits
increased by 13% year on year. In any event, we anticipate that
WiZink's financial and business profile will remain weak over the
next 12 months amid the persistent headwinds it faces.

"The CreditWatch negative placement on both the ICR and the issue
rating on the PIK bond reflects the likelihood that we would lower
our ratings to 'D' (default) on completion of the proposed
exchange, which we expect to occur in the first quarter of 2022. We
would lower the ICR to 'D' as opposed to 'SD' (selective default)
as the bond is the company's prime liability. Shortly thereafter,
we could raise our ratings on Mulhacen to a level that would
reflect its ongoing risk of conventional default."

ESG credit indicators: E-2, S-4, G-3


SVKTECH SINGAPORE: Court Enters Wind-Up Order
---------------------------------------------
The High Court of Singapore entered an order on Jan. 14, 2022, to
wind up the operations of Svktech Singapore Pte. Ltd.

Maybank Singapore Limited filed the petition against the company.

The company's liquidators are:

          BDO Advisory Pte Ltd
          600 North Bridge Road
          #23-01 Parkview Square
          Singapore 188778




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

[*] BOND PRICING: For the Week January 17 to January 21, 2022
-------------------------------------------------------------
  Issuer                 Coupon     Maturity    Currency    Price
  ------                 ------     --------    --------    -----

  AUSTRALIA
  ---------

ACN 113 874 712 PTY L      13.25      02/15/18      USD     0.15
ACN 113 874 712 PTY L      13.25      02/15/18      USD     0.15
CLIME CAPITAL LTD/FUN       6.25      11/30/21      AUD     0.97
COMMONWEALTH BANK OF        3.30      08/26/50      AUD    70.39
GLENNON SMALL COS LTD       5.60      09/30/30      AUD    10.50
VIRGIN AUSTRALIA HOLD       7.88      10/15/21      USD     8.00
VIRGIN AUSTRALIA HOLD       7.88      10/15/21      USD     8.15
VIRGIN AUSTRALIA HOLD       8.25      05/30/23      AUD     7.07
VIRGIN AUSTRALIA HOLD       8.08      03/05/24      AUD     6.52
VIRGIN AUSTRALIA HOLD       8.13      11/15/24      USD     7.25
VIRGIN AUSTRALIA HOLD       8.13      11/15/24      USD     7.95
VIRGIN AUSTRALIA HOLD       8.00      11/26/24      AUD     7.15


   CHINA
   -----

AKESU DISTRICT GREEN        4.09      03/11/23      CNY    39.73
AKESU DISTRICT GREEN        4.09      03/11/23      CNY    39.89
AKESU TEXTILE CITY DE       7.50      06/21/24      CNY    59.39
AKESU TEXTILE CITY DE       7.50      06/21/24      CNY    60.99
AKESU XINCHENG ASSET        6.40      04/20/22      CNY    20.15
AKESU XINCHENG ASSET        6.40      04/20/22      CNY    20.24
ALTAY PREFECTURE STAT       4.85      01/22/23      CNY    36.00
ALTAY PREFECTURE STAT       4.85      01/22/23      CNY    39.87
AN SHUN YU KUN REAL E       5.48      11/10/21      CNY    39.60
ANHUI DANGTU ECO DEVE       6.00      09/11/24      CNY    60.00
ANHUI DANGTU ECO DEVE       6.00      09/11/24      CNY    62.30
ANHUI HUAAN FOREIGN E       7.30      07/13/21      CNY    70.01
ANHUI HUAINING URBAN        5.80      08/28/24      CNY    60.00
ANHUI HUAINING URBAN        5.80      08/28/24      CNY    60.77
ANHUI JIANGNAN INDUST       4.76      07/08/23      CNY    39.63
ANHUI JIANGNAN INDUST       4.76      07/08/23      CNY    39.75
ANHUI LEXING CITY CON       6.05      11/01/24      CNY    60.70
ANHUI LEXING CITY CON       6.05      11/01/24      CNY    62.49
ANJI NORTHWEST DEVELO       5.90      07/18/23      CNY    40.19
ANJI NORTHWEST DEVELO       5.90      07/18/23      CNY    40.40
ANLU CONSTRUCTION DEV       5.45      06/15/23      CNY    40.08
ANNING DEVELOPMENT IN       8.80      09/11/25      CNY    66.00
ANQING ECONOMIC&TECHN       4.09      03/09/23      CNY    40.05
ANQING ECONOMIC&TECHN       4.09      03/09/23      CNY    40.22
ANQING URBAN CONSTRUC       6.01      04/27/22      CNY    20.00
ANQING URBAN CONSTRUC       6.01      04/27/22      CNY    20.13
ANQING WANJIANG HIGH        6.50      08/02/24      CNY    58.10
ANQING WANJIANG HIGH        6.50      08/02/24      CNY    60.00
ANQIU HUAAN STATE OWN       7.00      09/14/24      CNY    59.27
ANSHUN CITY CONSTRUCT       7.30      09/15/24      CNY    47.01
ANSHUN CITY CONSTRUCT       7.30      09/15/24      CNY    48.00
ANSHUN CITY XIXIU IND       7.90      11/15/25      CNY    75.00
ANSHUN STATE-RUN ASSE       4.48      07/18/23      CNY    35.73
ANSHUN STATE-RUN ASSE       4.48      07/18/23      CNY    37.89
ANSHUN TRANSPORTATION       7.50      10/31/24      CNY    54.59
ANSHUN XIXIU CITY INV       4.70      11/22/23      CNY    52.36
ANSHUN XIXIU CITY INV       4.70      11/22/23      CNY    59.81
AOYUAN CORP GROUP LTD       5.50      03/03/25      CNY    28.10
BAOJI INVESTMENT GROU       5.05      04/18/24      CNY    61.07
BAOTOU AFFORDABLE HOU       5.25      07/27/24      CNY    60.55
BAOTOU AFFORDABLE HOU       5.25      07/27/24      CNY    61.60
BAOTOU AFFORDABLE HOU       5.31      08/10/24      CNY    60.61
BAOTOU CITY SCIENCE E       6.48      03/25/22      CNY    20.05
BAOTOU CITY SCIENCE E       6.48      03/25/22      CNY    20.05
BAOYING CITY CONSTRUC       4.50      03/24/23      CNY    39.81
BAOYING CITY CONSTRUC       4.50      03/24/23      CNY    40.36
BAOYING COUNTY DEVELO       5.45      08/21/24      CNY    60.01
BAOYING COUNTY DEVELO       5.45      08/21/24      CNY    61.36
BAOYING COUNTY DEVELO       5.49      10/17/24      CNY    61.55
BAYAN ZHUOER HETAO WA       8.54      03/31/22      CNY    15.15
BAZHONG STATE-OWNED A       5.13      12/02/22      CNY    39.24
BAZHONG STATE-OWNED A       5.13      12/02/22      CNY    39.40
BAZHOU GUOHUI CONSTRU       6.08      06/19/24      CNY    61.11
BAZHOU GUOHUI CONSTRU       6.08      06/19/24      CNY    61.40
BEIJING FUTURE SCIENC       4.20      08/13/22      CNY    20.04
BEIPIAO CITY CONSTRUC       6.70      03/25/23      CNY    38.83
BEIPIAO CITY CONSTRUC       6.70      03/25/23      CNY    40.60
BENGBU ECONOMIC DEVEL       6.45      07/13/24      CNY    59.65
BENGBU ECONOMIC DEVEL       6.45      07/13/24      CNY    60.00
BENGBU URBAN INVESTME       5.80      04/13/24      CNY    61.78
BENGBU URBAN INVESTME       5.80      04/13/24      CNY    61.85
BIJIE CONSTRUCTION IN       6.50      01/28/22      CNY    19.90
BIJIE CONSTRUCTION IN       6.50      01/28/22      CNY    19.94
BIJIE CONSTRUCTION IN       5.78      07/06/24      CNY    60.48
BIJIE CONSTRUCTION IN       5.55      08/03/24      CNY    60.00
BIJIE CONSTRUCTION IN       5.55      08/03/24      CNY    60.62
BIJIE DEXI CONSTRUCTI       4.60      11/17/23      CNY    55.42
BIJIE DEXI CONSTRUCTI       4.60      11/17/23      CNY    59.78
BIJIE DEXI CONSTRUCTI       5.10      12/05/23      CNY    54.51
BIJIE DEXI CONSTRUCTI       5.10      12/05/23      CNY    60.07
BIJIE QIXINGGUAN DIST       7.60      09/08/24      CNY    61.67
BIJIE QIXINGGUAN DIST       8.05      08/16/25      CNY    59.50
BIJIE QIXINGGUAN DIST       8.05      08/16/25      CNY    70.78
BIJIE XINTAI INVESTME       7.80      11/01/24      CNY    49.84
BIJIE XINTAI INVESTME       7.80      11/01/24      CNY    59.40
BINZHOU ZHANHUA DISTR       4.93      11/29/23      CNY    59.40
BINZHOU ZHANHUA DISTR       4.93      11/29/23      CNY    59.41
BINZHOU ZHONGHAI VENT       6.65      04/13/22      CNY    20.00
BINZHOU ZHONGHAI VENT       6.65      04/13/22      CNY    20.07
BORALA MONGOL AUTONOM       5.77      08/26/22      CNY    18.30
BORALA MONGOL AUTONOM       5.77      08/26/22      CNY    20.12
BOZHOU URBAN CONSTRUC       4.78      04/14/23      CNY    40.04
BOZHOU URBAN CONSTRUC       4.78      04/14/23      CNY    40.51
BRILLIANCE AUTO GROUP       5.30      10/23/20      CNY    48.88
BRILLIANCE AUTO GROUP       6.50      01/22/22      CNY    48.88
BRILLIANCE AUTO GROUP       6.50      03/13/22      CNY    48.88
BRILLIANCE AUTO GROUP       6.50      04/18/22      CNY    48.88
BRILLIANCE AUTO GROUP       6.50      06/03/22      CNY    48.88
BRILLIANCE AUTO GROUP       6.30      09/14/23      CNY    48.88
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    48.88
BRILLIANCE AUTO GROUP       5.80      11/05/23      CNY    59.80
BRILLIANCE AUTO GROUP       5.80      03/20/24      CNY    54.80
BRILLIANCE AUTO GROUP       5.80      06/17/24      CNY    48.88
BRILLIANCE AUTO GROUP       5.80      06/17/24      CNY    60.78
CANGNAN COUNTY STATE        5.58      11/11/22      CNY    40.30
CANGNAN COUNTY STATE        5.58      11/11/22      CNY    40.42
CEFC SHANGHAI INTERNA       4.98      12/10/20      CNY    61.29
CEFC SHANGHAI INTERNA       4.08      09/09/21      CNY    60.00
CHANG DE DING LI INDU       4.30      03/10/23      CNY    40.15
CHANG DE DING LI INDU       4.30      03/10/23      CNY    40.17
CHANG DE DING LI INDU       6.10      07/20/24      CNY    60.00
CHANG DE DING LI INDU       6.10      07/20/24      CNY    60.07
CHANGDE DE YUAN SHANT       5.33      09/13/23      CNY    37.37
CHANGDE URBAN CONSTRU       3.59      01/12/23      CNY    40.00
CHANGDE URBAN CONSTRU       3.59      01/12/23      CNY    40.08
CHANGGE JINCAI PUBLIC       7.10      04/19/24      CNY    59.91
CHANGGE JINCAI PUBLIC       7.10      04/19/24      CNY    61.14
CHANGJI URBAN CONSTRU       4.24      11/18/23      CNY    58.01
CHANGJI URBAN CONSTRU       4.24      11/18/23      CNY    60.08
CHANGLE COUNTY NEWTOW       5.18      12/16/22      CNY    37.00
CHANGLE COUNTY NEWTOW       5.18      12/16/22      CNY    40.04
CHANGSHA COUNTY XINGC       7.90      03/25/22      CNY    25.37
CHANGSHA COUNTY XINGC       7.90      03/25/22      CNY    25.37
CHANGSHA ECONOMIC & T       8.45      04/13/22      CNY    15.22
CHANGSHA ECONOMIC & T       4.78      03/03/24      CNY    60.78
CHANGSHA ECONOMIC & T       4.78      03/03/24      CNY    61.26
CHANGSHA FURONG CITY        3.88      01/26/23      CNY    40.27
CHANGSHA FURONG CITY        3.88      01/26/23      CNY    40.67
CHANGSHA JINZHOU NEW        6.60      08/24/24      CNY    59.25
CHANGSHA JINZHOU NEW        6.60      08/24/24      CNY    60.00
CHANGSHA METRO GROUP        6.20      04/23/23      CNY    30.94
CHANGSHA METRO GROUP        6.20      04/23/23      CNY    32.01
CHANGSHA METRO GROUP        5.97      04/03/25      CNY    62.91
CHANGSHA METRO GROUP        5.40      07/14/25      CNY    60.00
CHANGSHA METRO GROUP        5.40      07/14/25      CNY    62.62
CHANGSHA METRO GROUP        4.10      12/21/25      CNY    71.19
CHANGSHA METRO GROUP        4.10      12/21/25      CNY    71.47
CHANGSHA TIANXIN CITY       4.20      11/06/22      CNY    20.00
CHANGSHA TIANXIN CITY       4.20      11/06/22      CNY    20.11
CHANGSHA TIANXIN CITY       3.43      08/08/23      CNY    39.13
CHANGSHA TIANXIN CITY       3.43      08/08/23      CNY    39.87
CHANGSHA YUHUA JINGKA       4.17      09/06/23      CNY    39.95
CHANGSHA YUHUA JINGKA       4.17      09/06/23      CNY    40.11
CHANGSHA YUHUA URBAN        3.80      01/28/23      CNY    40.00
CHANGSHA YUHUA URBAN        3.80      01/28/23      CNY    40.14
CHANGSHU DONGNAN ASSE       6.53      03/26/22      CNY    20.24
CHANGSHU DONGNAN ASSE       6.53      03/26/22      CNY    27.32
CHANGXING URBAN CONST       6.00      12/03/21      CNY    19.00
CHANGXING URBAN CONST       6.00      12/03/21      CNY    20.03
CHANGZHOU TIANNING CO       6.48      02/12/22      CNY    20.00
CHANGZHOU TIANNING CO       6.48      02/12/22      CNY    20.18
CHANGZHOU XINGANG ECO       3.42      10/20/23      CNY    39.23
CHANGZHOU XINGANG ECO       3.42      10/20/23      CNY    39.94
CHANGZHOU ZHONGLOU EC       3.64      10/26/23      CNY    39.93
CHANGZHOU ZHONGLOU EC       3.64      10/26/23      CNY    40.03
CHAOHU URBAN TOWN CON       6.50      04/30/22      CNY    20.23
CHAOHU URBAN TOWN CON       6.50      04/30/22      CNY    21.80
CHENGDU GARDEN WATER        6.15      05/03/23      CNY    39.85
CHENGDU GARDEN WATER        6.15      05/03/23      CNY    40.41
CHENGDU GARDEN WATER        7.50      09/11/24      CNY    58.32
CHENGDU GARDEN WATER        7.50      09/11/24      CNY    62.56
CHENGDU LIN JIANG GAR       6.75      08/02/24      CNY    59.64
CHENGDU PIDU DISTRICT       6.95      04/01/22      CNY    20.11
CHENGDU PIDU DISTRICT       6.95      04/01/22      CNY    20.20
CHENGDU SHUZHOU CITY        6.58      05/26/22      CNY    20.08
CHENGDU SHUZHOU CITY        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    20.13
CHENGDU XINGJIN ECOLO       3.65      10/13/23      CNY    39.29
CHENGDU XINGJIN ECOLO       3.65      10/13/23      CNY    40.08
CHENGDU XINGSHU INVES       6.78      08/21/24      CNY    60.00
CHENGDU XINGSHU INVES       6.78      08/21/24      CNY    61.79
CHENGDU XINJIN COUNTY       6.40      07/05/24      CNY    58.92
CHENGDU XINJIN COUNTY       6.40      07/05/24      CNY    59.91
CHENGDU XINJIN COUNTY       6.28      08/03/24      CNY    60.00
CHENGDU XINJIN COUNTY       6.28      08/03/24      CNY    60.12
CHENGDU XINKAIYUAN UR       5.29      04/27/23      CNY    39.42
CHENGDU XINKAIYUAN UR       5.29      04/27/23      CNY    40.10
CHENZHOU BAIFU INVEST       4.96      03/22/26      CNY    61.07
CHENZHOU BAIFU INVEST       4.96      03/22/26      CNY    61.62
CHENZHOU FUCHENG HIGH       4.73      01/22/23      CNY    40.02
CHENZHOU FUCHENG HIGH       4.73      01/22/23      CNY    40.07
CHENZHOU INDUSTRY INV       6.45      01/23/22      CNY    20.07
CHENZHOU INDUSTRY INV       6.45      01/23/22      CNY    28.60
CHENZHOU WENLV INDUST       5.34      11/28/23      CNY    58.73
CHENZHOU XINTIAN INVE       6.00      07/26/24      CNY    56.62
CHENZHOU XINTIAN INVE       6.00      07/26/24      CNY    60.00
CHENZHOU XINTIAN INVE       5.38      03/08/26      CNY    63.03
CHENZHOU XINTIAN INVE       5.38      03/08/26      CNY    63.26
CHIBI LANTIAN URBAN C       4.38      08/10/23      CNY    39.69
CHIBI LANTIAN URBAN C       4.38      08/10/23      CNY    39.83
CHINA FORTUNE LAND DE       7.40      03/24/21      CNY    25.13
CHINA FORTUNE LAND DE       7.20      04/18/21      CNY    25.13
CHINA FORTUNE LAND DE       5.60      09/10/21      CNY    25.13
CHINA FORTUNE LAND DE       5.80      05/23/22      CNY    22.20
CHINA FORTUNE LAND DE       5.00      05/30/22      CNY    68.15
CHINA GRAND AUTOMOTIV       9.13      01/30/24      USD    74.23
CHINA OCEANWIDE HOLDI       8.90      12/13/21      CNY    48.00
CHINA SECURITY CO LTD       4.45      11/11/19      CNY    31.00
CHONGQIN BAIYAN INVES       5.75      05/03/23      CNY    40.44
CHONGQIN BAIYAN INVES       5.75      05/03/23      CNY    40.67
CHONGQIN XINLIANG INV       4.76      08/26/23      CNY    38.51
CHONGQIN XINLIANG INV       4.76      08/26/23      CNY    38.73
CHONGQING BANAN ECONO       6.17      03/13/22      CNY    20.10
CHONGQING BANAN ECONO       6.17      03/13/22      CNY    20.12
CHONGQING BAYUAN CONS       4.99      08/16/23      CNY    39.10
CHONGQING BISHAN DIST       4.93      03/29/23      CNY    40.34
CHONGQING BISHAN DIST       4.93      03/29/23      CNY    40.43
CHONGQING DAZU INDUST       6.30      04/28/22      CNY    20.00
CHONGQING DAZU INDUST       6.30      04/28/22      CNY    20.06
CHONGQING DAZU URBAN        3.97      08/11/22      CNY    49.43
CHONGQING DAZU URBAN        3.97      08/11/22      CNY    49.50
CHONGQING DAZU YONGSH       6.48      07/24/24      CNY    59.05
CHONGQING DAZU YONGSH       6.48      07/24/24      CNY    61.42
CHONGQING ECO&TECH DE       3.95      04/13/23      CNY    40.07
CHONGQING FULING TRAF       6.68      02/03/22      CNY    20.00
CHONGQING FULING TRAF       6.68      02/03/22      CNY    20.08
CHONGQING HECHUAN CIT       3.95      09/06/23      CNY    39.61
CHONGQING HECHUAN CIT       3.95      09/06/23      CNY    39.86
CHONGQING HONGYE INDU       6.30      08/02/24      CNY    59.74
CHONGQING HONGYE INDU       6.30      08/02/24      CNY    61.30
CHONGQING JIANGJIN DI       6.40      09/13/24      CNY    60.00
CHONGQING JIANGJIN DI       6.40      09/13/24      CNY    60.57
CHONGQING JIN TONG IN       4.44      11/16/23      CNY    56.84
CHONGQING JIN TONG IN       4.44      11/16/23      CNY    59.65
CHONGQING JIN TONG IN       6.50      08/01/24      CNY    55.88
CHONGQING JIN TONG IN       6.50      08/01/24      CNY    60.00
CHONGQING JINYUN ASSE       4.50      12/31/22      CNY    40.09
CHONGQING JINYUN ASSE       4.50      12/31/22      CNY    40.18
CHONGQING KAIQIAN INV       4.64      03/21/23      CNY    38.70
CHONGQING KAIQIAN INV       4.64      03/21/23      CNY    39.87
CHONGQING LAND PROPER       3.36      03/21/23      CNY    40.03
CHONGQING LAND PROPER       3.36      03/21/23      CNY    40.10
CHONGQING LIANGSHAN C       6.30      10/16/24      CNY    61.59
CHONGQING LIANGSHAN C       6.30      10/16/24      CNY    61.60
CHONGQING MAIRUI URBA       4.95      04/21/23      CNY    40.19
CHONGQING MAIRUI URBA       4.95      04/21/23      CNY    40.30
CHONGQING NANCHUAN CI       4.20      07/11/23      CNY    39.77
CHONGQING NANCHUAN CI       4.20      07/11/23      CNY    39.90
CHONGQING QIJIANG EAS       4.00      09/05/23      CNY    38.78
CHONGQING QIJIANG EAS       4.00      09/05/23      CNY    39.14
CHONGQING SHUANGFU CO       6.37      10/13/24      CNY    60.00
CHONGQING SHUANGFU CO       6.37      10/13/24      CNY    60.93
CHONGQING SHUANGQIAO        5.99      11/19/21      CNY    19.99
CHONGQING SHUANGQIAO        5.99      11/19/21      CNY    26.25
CHONGQING TONGLIANG J       6.59      04/08/22      CNY    20.00
CHONGQING TONGLIANG J       6.59      04/08/22      CNY    20.13
CHONGQING TONGNAN DIS       4.99      12/31/22      CNY    39.25
CHONGQING TONGNAN DIS       4.99      12/31/22      CNY    39.66
CHONGQING WANSHENG EC       5.40      11/18/21      CNY    39.98
CHONGQING WANZHOU SAN       4.95      08/25/22      CNY    20.19
CHONGQING WANZHOU SAN       4.95      08/25/22      CNY    20.80
CHONGQING WULONG DIST       6.80      09/21/24      CNY    55.00
CHONGQING WULONG DIST       6.80      09/21/24      CNY    58.40
CHONGQING XINGRONG HO       4.86      03/31/23      CNY    38.50
CHONGQING XINGRONG HO       4.86      03/31/23      CNY    39.82
CHONGQING YINGDI INDU       7.00      11/07/24      CNY    59.99
CHONGQING YUELAI INVE       6.09      04/29/22      CNY    20.00
CHONGQING YUELAI INVE       6.09      04/29/22      CNY    20.19
CHUN'AN XINANJIANG DE       6.10      03/11/22      CNY    20.19
CHUN'AN XINANJIANG DE       6.10      03/11/22      CNY    24.55
CHUN'AN XINANJIANG DE       3.84      11/04/23      CNY    39.36
CHUN'AN XINANJIANG DE       3.84      11/04/23      CNY    40.06
CHUZHOU CITY INVESTME       6.30      11/30/21      CNY    30.04
CHUZHOU CITY INVESTME       6.30      11/30/21      CNY    30.40
CHUZHOU CITY NANQIAO        5.95      10/23/24      CNY    60.00
CHUZHOU CITY NANQIAO        5.95      10/23/24      CNY    62.39
CITIC GUOAN GROUP COR       4.90      11/06/19      CNY    18.25
CITIC GUOAN GROUP COR       5.80      12/15/19      CNY    18.25
CITIC GUOAN GROUP COR       4.23      12/15/20      CNY    18.25
CITIC GUOAN GROUP COR       4.49      03/08/21      CNY    18.25
CIXI STATE OWNED ASSE       4.90      04/07/24      CNY    60.92
DAFANG COUNTY CONSTRU       6.00      09/26/23      CNY    38.30
DAFANG COUNTY CONSTRU       6.00      09/26/23      CNY    40.18
DALI HAIDONG DEVELOPM       6.01      01/25/23      CNY    38.05
DALI HAIDONG DEVELOPM       6.01      01/25/23      CNY    39.82
DALIAN RONGDA INVESTM       5.69      12/05/21      CNY    20.03
DALIAN SHITAI CITY CO       4.50      02/01/23      CNY    37.74
DALIAN SHITAI CITY CO       4.50      02/01/23      CNY    40.12
DANGTU COUNTY CONSTRU       5.38      08/10/22      CNY    20.26
DANGYANG XINYUAN INVE       4.97      03/29/23      CNY    39.84
DANGYANG XINYUAN INVE       4.97      03/29/23      CNY    40.29
DANYANG HI-TECH INDUS       6.40      04/24/22      CNY    19.87
DANYANG HI-TECH INDUS       6.40      04/24/22      CNY    20.00
DANYANG INVESTMENT GR       3.99      01/25/23      CNY    39.15
DANYANG INVESTMENT GR       3.99      01/25/23      CNY    39.77
DANYANG INVESTMENT GR       5.49      07/18/24      CNY    61.66
DASHIQIAO URBAN CONST       7.59      08/14/24      CNY    62.53
DASHIQIAO URBAN CONST       7.59      08/14/24      CNY    62.54
DATONG ECONOMIC CONST       4.49      10/22/22      CNY    20.02
DATONG ECONOMIC CONST       4.49      10/22/22      CNY    20.15
DAWA COUNTY CITY CONS       6.29      06/12/22      CNY    19.58
DAWA COUNTY LINGANG E       5.99      10/19/24      CNY    61.02
DAYE ZHENHENG CITY DE       4.50      03/28/23      CNY    38.09
DAYE ZHENHENG CITY DE       4.50      03/28/23      CNY    39.81
DAYE ZHENHENG CITY DE       4.05      08/31/23      CNY    37.81
DAYE ZHENHENG CITY DE       4.05      08/31/23      CNY    38.82
DAZHOU DEVELOPMENT HO       6.55      01/14/22      CNY    20.00
DAZHOU DEVELOPMENT HO       6.55      01/14/22      CNY    20.08
DAZHOU DEVELOPMENT HO       5.10      11/27/22      CNY    40.00
DAZHOU DEVELOPMENT HO       5.10      11/27/22      CNY    40.09
DAZHOU INVESTMENT CO        3.99      11/04/26      CNY    67.55
DEHONGZHOU HONGKANG I       6.68      01/23/22      CNY    20.04
DEQING CONSTRUCTION I       3.60      11/11/23      CNY    59.50
DEQING CONSTRUCTION I       3.60      11/11/23      CNY    59.60
DEXING INVESTMENT HOL       5.99      03/21/23      CNY    40.08
DEXING INVESTMENT HOL       5.99      03/21/23      CNY    43.80
DONGLING GROUP INC CO       8.00      07/14/22      CNY    20.00
DONGLING GROUP INC CO       8.00      07/14/22      CNY    20.40
DONGTAI STATE-OWNED A       3.04      11/16/23      CNY    58.77
DONGYING CITY URBAN A       5.57      03/31/22      CNY    20.16
DONGYING CITY URBAN A       5.57      03/31/22      CNY    20.33
DONGZHI COUNTY CITY O       4.88      06/20/23      CNY    39.99
DONGZHI COUNTY CITY O       4.88      06/20/23      CNY    39.99
DUJIANGYAN NEW CITY C       6.90      10/19/24      CNY    61.84
DUJIANGYAN NEW CITY C       7.80      10/11/25      CNY    69.00
DUJIANGYAN XINGYAN IN       6.10      03/12/22      CNY    19.00
DUJIANGYAN XINGYAN IN       6.10      03/12/22      CNY    19.75
DUNYUN STATE-OWNED AS       6.60      12/28/22      CNY    39.61
ENSHI URBAN CONSTRUCT       3.84      11/01/23      CNY    39.29
ENSHI URBAN CONSTRUCT       3.84      11/01/23      CNY    39.58
EVERGRANDE REAL ESTAT       6.98      07/08/22      CNY    27.00
EVERGRANDE REAL ESTAT       6.27      05/06/23      CNY    30.00
EVERGRANDE REAL ESTAT       6.80      05/06/24      CNY    35.69
FANTASIA GROUP CHINA        7.50      12/17/21      CNY    74.00
FANTASIA GROUP CHINA        7.80      11/29/22      CNY    44.83
FEICHENG CITY ASSETS        4.04      03/23/23      CNY    39.68
FEICHENG CITY ASSETS        4.04      03/23/23      CNY    40.11
FEIXI COUNTY URBAN &        4.45      06/03/23      CNY    40.24
FEIXI COUNTY URBAN &        4.45      06/03/23      CNY    41.24
FENG COUNTY ECONOMIC        5.18      06/21/23      CNY    38.82
FENG COUNTY ECONOMIC        5.18      06/21/23      CNY    40.06
FENGCHENG CITY CONSTR       6.49      02/10/22      CNY    20.12
FENGCHENG CITY CONSTR       6.49      02/10/22      CNY    20.34
FENGCHENG CITY MODERN       5.76      12/17/22      CNY    37.88
FENGCHENG CITY MODERN       5.76      12/17/22      CNY    40.00
FENGDU COUNTY STATE-O       6.38      09/05/24      CNY    60.00
FENGDU COUNTY STATE-O       6.38      09/05/24      CNY    60.39
FENGHUANG MINGCHENG C       6.50      03/23/24      CNY    61.14
FENGTAI HUAXING CITY        5.60      03/13/24      CNY    61.42
FENGTAI HUAXING CITY        5.60      03/13/24      CNY    61.45
FENGXIAN URBAN INVEST       6.48      03/20/22      CNY    20.00
FENGXIAN URBAN INVEST       6.48      03/20/22      CNY    20.13
FENYI CITY CONSTRUCTI       4.54      08/22/23      CNY    39.33
FENYI CITY CONSTRUCTI       4.54      08/22/23      CNY    39.78
FUJIAN FUSHENG GROUP        7.90      11/19/21      CNY    60.00
FUJIAN FUSHENG GROUP        7.90      12/17/21      CNY    70.99
FUJIAN JINJIANG URBAN       3.35      08/24/23      CNY    39.00
FUJIAN JINJIANG URBAN       3.35      08/24/23      CNY    39.91
FUJIAN PROVINCE LIANJ       6.29      04/30/22      CNY    20.00
FUJIAN PROVINCE LIANJ       6.29      04/30/22      CNY    20.25
FUJIAN ZHANGLONG GROU       4.99      08/07/22      CNY    20.00
FUJIAN ZHANGLONG GROU       4.99      08/07/22      CNY    20.15
FUNING URBAN INVESTME       6.00      03/14/24      CNY    61.45
FUNING URBAN INVESTME       6.00      03/14/24      CNY    61.73
FUQING CITY STATE-OWN       5.94      11/26/22      CNY    40.06
FUXIN INFRASTRUCTURE        6.18      03/18/22      CNY    19.92
FUZHOU CHANGLE DISTRI       4.50      04/11/23      CNY    39.81
FUZHOU CHANGLE DISTRI       4.50      04/11/23      CNY    40.25
FUZHOU DEVELOPMENT ZO       3.53      08/25/23      CNY    39.89
FUZHOU DEVELOPMENT ZO       3.53      08/25/23      CNY    39.89
FUZHOU DONGXIANG INVE       6.20      03/20/24      CNY    61.84
FUZHOU DONGXIANG INVE       6.20      03/20/24      CNY    61.85
FUZHOU INVESTMENT DEV       5.70      10/30/24      CNY    60.00
FUZHOU INVESTMENT DEV       5.70      10/30/24      CNY    60.77
FUZHOU LINCHUAN URBAN       5.68      07/05/23      CNY    40.82
FUZHOU LINCHUAN URBAN       5.68      07/05/23      CNY    40.82
FUZHOU URBAN AND RURA       5.48      01/26/22      CNY    20.00
FUZHOU URBAN AND RURA       5.48      01/26/22      CNY    20.08
FUZHOU URBAN AND RURA       4.89      07/08/22      CNY    20.15
FUZHOU URBAN AND RURA       4.89      07/08/22      CNY    20.55
GANSU PROVINCIAL HIGH       6.58      09/24/22      CNY    41.05
GANSU PROVINCIAL HIGH       6.20      03/28/23      CNY    71.65
GANZHOU CITY DEVELOPM       5.50      06/16/22      CNY    20.00
GANZHOU CITY DEVELOPM       5.50      06/16/22      CNY    20.15
GANZHOU DEVELOPMENT I       8.10      12/11/23      CNY    63.25
GAOMI CITY CONSTRUCTI       5.95      09/18/24      CNY    59.97
GAOMI CITY CONSTRUCTI       5.95      09/18/24      CNY    60.00
GAOMI STATE-OWNED ASS       4.69      01/26/23      CNY    39.50
GAOMI STATE-OWNED ASS       4.69      01/26/23      CNY    39.54
GAOQING LU QING ASSET       7.50      09/27/24      CNY    64.01
GAOQING LU QING ASSET       7.50      09/27/24      CNY    64.02
GAOYOU CITY CONSTRUCT       5.48      09/15/22      CNY    20.00
GAOYOU CITY CONSTRUCT       5.48      09/15/22      CNY    20.29
GAOYOU CITY ECONOMY D       3.65      09/02/23      CNY    40.00
GAOYOU CITY ECONOMY D       3.65      09/02/23      CNY    40.28
GAOYOU CITY ECONOMY D       5.26      07/13/24      CNY    61.42
GAOYOU CITY ECONOMY D       5.26      07/13/24      CNY    62.10
GONG'AN COUNTY CITY C       4.30      08/30/23      CNY    39.63
GONG'AN COUNTY CITY C       4.30      08/30/23      CNY    39.92
GONGQINGCHENG FINANCI       5.85      03/25/23      CNY    40.27
GONGQINGCHENG FINANCI       5.85      03/25/23      CNY    40.27
GUANGAN DEVELOPMENT A       6.39      03/24/22      CNY    20.20
GUANGAN DEVELOPMENT A       6.39      03/24/22      CNY    24.00
GUANGAN ECONOMIC & TE       5.16      04/14/23      CNY    40.05
GUANGAN ECONOMIC & TE       5.16      04/14/23      CNY    40.19
GUANGAN TRANSPORTATIO       5.39      12/01/23      CNY    48.77
GUANGAN XINHONG INVES       7.18      08/28/24      CNY    59.86
GUANGAN XINHONG INVES       7.18      08/28/24      CNY    60.00
GUANGDE CITY STATE-OW       5.37      07/18/24      CNY    60.46
GUANGDE CITY STATE-OW       5.37      07/18/24      CNY    62.40
GUANGDONG HUIZHOU COM       4.16      05/17/23      CNY    40.40
GUANGDONG HUIZHOU COM       4.16      05/17/23      CNY    40.46
GUANGDONG HUIZHOU COM       4.95      12/27/23      CNY    61.13
GUANGDONG HUIZHOU COM       4.95      12/27/23      CNY    61.16
GUANGRAO COUNTY ECONO       3.61      09/08/23      CNY    40.09
GUANGSHUI CITY DEVELO       6.19      03/01/24      CNY    61.21
GUANGSHUI CITY DEVELO       6.19      03/01/24      CNY    61.57
GUANGXI LAIBIN INDUST       5.97      11/26/21      CNY    20.00
GUANGXI LAIBIN INDUST       5.97      11/26/21      CNY    20.01
GUANGXI LIUZHOU DONGC       6.50      07/24/24      CNY    71.96
GUANGXI LIUZHOU INVES       4.28      03/08/23      CNY    37.78
GUANGYUAN YUANQU CONS       4.48      03/10/23      CNY    40.04
GUANGYUAN YUANQU CONS       4.48      03/10/23      CNY    40.12
GUANGZHOU HUANTOU NAN       6.38      11/18/24      CNY    60.30
GUANGZHOU HUANTOU NAN       6.38      11/18/24      CNY    61.13
GUANGZHOU METRO GROUP       6.45      04/02/24      CNY    45.00
GUANGZHOU METRO GROUP       6.45      04/02/24      CNY    46.94
GUANGZHOU METRO GROUP       6.05      06/03/24      CNY    46.91
GUANGZHOU PANYU INFOR       4.50      09/08/26      CNY    70.50
GUANGZHOU PANYU INFOR       4.50      09/08/26      CNY    70.51
GUANGZHOU R&F PROPERT       6.70      04/07/22      CNY    52.03
GUANGZHOU R&F PROPERT       6.80      05/16/22      CNY    65.50
GUANGZHOU R&F PROPERT       7.00      01/03/23      CNY    64.00
GUCHENG CONSTRUCTION        7.88      04/27/25      CNY    75.00
GUILIN ECONOMIC CONST       5.60      04/22/22      CNY    20.00
GUILIN ECONOMIC CONST       5.60      04/22/22      CNY    20.21
GUIRENNIAO CO LTD           7.00      12/03/19      CNY    49.50
GUIXI STATE OWNED HOL       4.18      08/18/23      CNY    39.62
GUIXI STATE OWNED HOL       4.18      08/18/23      CNY    39.64
GUIYANG BAIYUN INDUST       7.30      03/27/22      CNY    20.07
GUIYANG BAIYUN INDUST       7.30      03/27/22      CNY    25.00
GUIYANG BAIYUN URBAN        6.48      07/17/24      CNY    59.81
GUIYANG BAIYUN URBAN        6.48      07/17/24      CNY    60.00
GUIYANG BAIYUN URBAN        7.28      09/25/24      CNY    59.04
GUIYANG BAIYUN URBAN        7.28      09/25/24      CNY    60.00
GUIYANG BAIYUN URBAN        4.75      09/13/26      CNY    61.31
GUIYANG BAIYUN URBAN        4.75      09/13/26      CNY    62.16
GUIYANG CITY CONSTRUC       4.37      03/25/26      CNY    65.20
GUIYANG CITY CONSTRUC       4.37      03/25/26      CNY    66.96
GUIYANG ECONOMIC DEVE       6.35      09/21/24      CNY    59.59
GUIYANG GUANCHENG IND       7.50      12/25/22      CNY    71.18
GUIYANG GUANSHANHU DI       4.87      01/28/23      CNY    37.40
GUIYANG GUANSHANHU DI       4.87      01/28/23      CNY    39.94
GUIYANG GUANSHANHU DI       4.48      03/09/23      CNY    37.41
GUIYANG GUANSHANHU DI       4.48      03/09/23      CNY    38.53
GUIYANG GUANSHANHU DI       6.49      06/22/24      CNY    56.80
GUIYANG GUANSHANHU DI       6.49      06/22/24      CNY    57.61
GUIYANG URBAN CONSTRU       5.23      12/02/22      CNY    39.00
GUIYANG URBAN CONSTRU       5.23      12/02/22      CNY    39.80
GUIYANG URBAN CONSTRU       5.98      07/21/24      CNY    59.97
GUIYANG URBAN CONSTRU       5.98      07/21/24      CNY    60.00
GUIZHOU EAST LAKE CIT       5.18      01/06/23      CNY    37.94
GUIZHOU FANJINGSHAN I       6.95      01/28/22      CNY    19.90
GUIZHOU FANJINGSHAN I       6.95      01/28/22      CNY    19.91
GUIZHOU GUIAN CONSTRU       4.17      10/28/22      CNY    20.11
GUIZHOU GUIAN CONSTRU       4.17      10/28/22      CNY    21.00
GUIZHOU GUILONG INDUS       7.80      04/28/22      CNY    24.95
GUIZHOU GUILONG INDUS       7.80      04/28/22      CNY    25.32
GUIZHOU HONGCAI INVES       6.00      06/07/23      CNY    27.76
GUIZHOU HONGCAI INVES       6.00      06/07/23      CNY    28.78
GUIZHOU KAILI KAIYUAN       7.30      05/26/24      CNY    57.20
GUIZHOU KAILI KAIYUAN       7.30      05/26/24      CNY    62.00
GUIZHOU KAILI KAIYUAN       7.28      08/29/24      CNY    60.00
GUIZHOU KAILI KAIYUAN       7.28      08/29/24      CNY    62.07
GUIZHOU LIUPANSHUI PA       7.30      07/24/24      CNY    50.34
GUIZHOU RAILWAY INVES       7.20      03/27/22      CNY    20.20
GUIZHOU RAILWAY INVES       7.20      03/27/22      CNY    20.30
GUIZHOU RAILWAY INVES       7.50      04/23/24      CNY    46.98
GUIZHOU RAILWAY INVES       7.50      04/23/24      CNY    47.00
GUIZHOU SHUICHENG CIT       4.98      11/22/23      CNY    52.33
GUIZHOU SHUICHENG CIT       4.98      11/22/23      CNY    60.01
GUIZHOU SHUICHENG ECO       7.50      10/26/25      CNY    39.50
GUIZHOU XINDONGGUAN C       7.70      09/05/24      CNY    62.25
GULIN STATE-OWNED ASS       4.18      08/04/23      CNY    39.31
GULIN STATE-OWNED ASS       4.18      08/04/23      CNY    39.32
GULIN STATE-OWNED ASS       5.96      07/24/24      CNY    61.17
GULIN STATE-OWNED ASS       5.96      07/24/24      CNY    64.51
HAIAN DEVELOPMENT ZON       4.47      11/16/23      CNY    58.74
HAIAN DEVELOPMENT ZON       4.47      11/16/23      CNY    59.69
HAIAN ECONOMIC TECHNO       5.45      04/13/23      CNY    39.98
HAIAN ECONOMIC TECHNO       5.45      04/13/23      CNY    40.05
HAIAN URBAN DEMOLITIO       5.08      11/27/22      CNY    40.20
HAIAN URBAN DEMOLITIO       5.08      11/27/22      CNY    40.58
HAICHENG URBAN JINCAI       5.37      08/10/23      CNY    40.31
HAIFENG MARINE INFRAS       6.84      04/29/22      CNY    20.17
HAIKOU MEILAN INTERNA       5.25      09/06/19      USD    10.51
HAINAN AIRLINES HOLDI       6.20      05/24/21      CNY    51.00
HAINING ASSET MANAGEM       3.40      08/16/23      CNY    69.70
HAIYAN COUNTY STATE-O       5.80      06/12/24      CNY    61.70
HAMI JIANHUI STATE-OW       3.90      09/21/23      CNY    39.91
HANCHENG CITY INVESTM       4.69      12/05/23      CNY    58.23
HANCHENG CITY INVESTM       4.69      12/05/23      CNY    58.51
HANCHUAN CITY HANRONG       4.25      07/18/23      CNY    39.65
HANCHUAN CITY HANRONG       4.25      07/18/23      CNY    39.97
HANDAN CONSTRUCTION &       5.48      05/27/22      CNY    20.12
HANDAN CONSTRUCTION &       5.48      05/27/22      CNY    27.20
HANGZHOU CANAL COMPRE       3.40      10/17/23      CNY    39.74
HANGZHOU CANAL COMPRE       3.40      10/17/23      CNY    39.86
HANGZHOU FUYANG DEVEL       4.76      01/27/23      CNY    40.28
HANGZHOU FUYANG DEVEL       4.76      01/27/23      CNY    40.38
HANGZHOU GONGSHU DIST       3.80      03/14/23      CNY    40.00
HANGZHOU GONGSHU DIST       3.80      03/14/23      CNY    40.21
HANGZHOU METRO GROUP        5.97      09/17/24      CNY    47.19
HANGZHOU WEST LAKE IN       4.30      04/25/23      CNY    39.87
HANGZHOU WEST LAKE IN       4.30      04/25/23      CNY    40.48
HANGZHOU XIAOSHAN QIA       4.00      03/22/23      CNY    39.77
HANGZHOU XIAOSHAN QIA       4.00      03/22/23      CNY    40.28
HANJIANG STATE-OWNED-       5.40      04/21/24      CNY    61.67
HANJIANG STATE-OWNED-       5.40      04/21/24      CNY    61.73
HANSHAN CITY CONSTRUC       6.20      08/30/24      CNY    60.00
HANSHAN CITY CONSTRUC       6.20      08/30/24      CNY    62.08
HEBEI ZHONGYUE CITY C       4.10      11/16/21      CNY    19.99
HEBEI ZHONGYUE CITY C       4.10      11/16/21      CNY    20.00
HECHI CITY CONSTRUCTI       5.58      11/13/22      CNY    36.00
HECHI CITY CONSTRUCTI       5.58      11/13/22      CNY    39.56
HECHI STATE-OWNED CAP       4.37      11/04/23      CNY    39.00
HECHI STATE-OWNED CAP       4.37      11/04/23      CNY    39.13
HEFEI CONSTRUCTION IN       7.20      04/29/24      CNY    47.69
HEFEI XINCHENG STATE-       4.13      07/15/23      CNY    39.65
HEFEI XINCHENG STATE-       4.13      07/15/23      CNY    40.31
HEILONGJIANG HECHENG        5.60      11/11/21      CNY    20.00
HEILONGJIANG HECHENG        7.05      06/21/22      CNY    15.19
HEISHAN TONGHE ASSET        6.79      09/18/22      CNY    19.28
HEISHAN TONGHE ASSET        6.79      09/18/22      CNY    19.99
HENGDONG URBAN & RURA       6.60      12/27/23      CNY    60.96
HENGDONG URBAN & RURA       6.60      12/27/23      CNY    60.98
HENGYANG BINJIANG NEW       5.47      07/27/24      CNY    61.66
HENGYANG CITY AND URB       7.50      09/22/24      CNY    60.39
HENGYANG CITY AND URB       7.50      09/22/24      CNY    62.63
HENGYANG COMMUNICATIO       4.28      01/21/23      CNY    40.00
HENGYANG COMMUNICATIO       4.28      01/21/23      CNY    40.12
HESHAN PUBLIC ASSET M       4.08      09/28/23      CNY    39.81
HESHAN PUBLIC ASSET M       4.08      09/28/23      CNY    39.81
HESHAN PUBLIC ASSET M       5.08      12/07/23      CNY    60.99
HESHAN PUBLIC ASSET M       5.08      12/07/23      CNY    61.09
HETIAN YUXIN STATE-OW       4.65      03/28/23      CNY    39.46
HETIAN YUXIN STATE-OW       4.65      03/28/23      CNY    39.83
HEYUAN CITY RUNYE INV       6.20      12/03/21      CNY    20.00
HEYUAN CITY RUNYE INV       6.20      12/03/21      CNY    20.03
HNA GROUP CO LTD            7.10      04/15/20      CNY    70.00
HNA GROUP CO LTD            5.99      11/27/22      CNY    29.10
HONGDAXINGYE GROUP CO       7.00      12/14/20      CNY    18.00
HONGDAXINGYE GROUP CO       7.00      01/15/21      CNY    18.00
HONGHEZHOU DEVELOPMEN       5.90      07/12/24      CNY    62.04
HONGHU CITY HONGRUI I       6.30      10/13/24      CNY    62.67
HONGHU CITY HONGRUI I       6.30      10/13/24      CNY    62.67
HUACHEN ENERGY CO LTD       6.63      05/18/20      USD    46.30
HUAIAN CITY HUAIAN DI       4.63      05/03/23      CNY    40.02
HUAIAN CITY HUAIAN DI       4.63      05/03/23      CNY    40.15
HUAIAN CITY URBAN ASS       5.70      04/23/22      CNY    20.23
HUAIAN CITY URBAN ASS       5.70      04/23/22      CNY    21.54
HUAIAN CITY XUYI URBA       5.10      04/15/23      CNY    39.80
HUAIAN CITY XUYI URBA       5.10      04/15/23      CNY    40.09
HUAIAN HONGRI TRANSPO       5.09      04/20/23      CNY    39.09
HUAIAN HONGRI TRANSPO       5.09      04/20/23      CNY    39.11
HUAIAN HONGZE DISTRIC       4.37      07/18/23      CNY    39.63
HUAIAN HONGZE DISTRIC       4.37      07/18/23      CNY    39.70
HUAI'AN NEW CITY INVE       5.22      09/20/24      CNY    61.58
HUAIAN QINGPU CITY CO       6.75      09/29/24      CNY    56.72
HUAIAN QINGPU CITY CO       6.75      09/29/24      CNY    56.99
HUAI'AN WATER CONSERV       5.28      08/11/24      CNY    60.00
HUAI'AN WATER CONSERV       5.28      08/11/24      CNY    61.40
HUAIHUA CITY CONSTRUC       4.18      08/31/23      CNY    38.21
HUAIHUA CITY CONSTRUC       4.18      08/31/23      CNY    38.30
HUAIHUA ECONOMIC DEVE       6.80      03/26/22      CNY    20.00
HUAIHUA ECONOMIC DEVE       6.80      03/26/22      CNY    20.02
HUAIHUA ECONOMIC DEVE       5.77      08/07/24      CNY    60.00
HUAIHUA ECONOMIC DEVE       5.77      08/07/24      CNY    60.07
HUAIHUA TRANSPORTATIO       4.96      04/12/23      CNY    39.08
HUAIHUA TRANSPORTATIO       4.96      04/12/23      CNY    39.28
HUAINAN INDUSTRY DEVE       5.69      10/25/24      CNY    61.59
HUAINAN INDUSTRY DEVE       5.69      10/25/24      CNY    61.78
HUAINAN SHAN NAN DEVE       6.53      08/24/24      CNY    59.13
HUAINAN SHAN NAN DEVE       6.53      08/24/24      CNY    61.53
HUAINAN URBAN CONSTRU       5.74      09/04/24      CNY    60.92
HUAINAN URBAN CONSTRU       5.74      09/04/24      CNY    62.09
HUANGGANG CITY CONSTR       4.08      01/18/23      CNY    40.19
HUANGMEI COUNTY URBAN       6.80      10/09/24      CNY    60.00
HUANGMEI COUNTY URBAN       6.80      10/09/24      CNY    60.45
HUANGMEI COUNTY URBAN       6.68      10/18/24      CNY    60.00
HUANGMEI COUNTY URBAN       6.68      10/18/24      CNY    61.75
HUANGSHAN CHENGTOU GR       5.95      05/06/22      CNY    20.25
HUANGSHAN CHENGTOU GR       5.95      05/06/22      CNY    20.65
HUANGSHI CIHU HIGH-TE       4.97      06/08/23      CNY    39.96
HUANGSHI CIHU HIGH-TE       4.97      06/08/23      CNY    39.97
HUANGSHI CIHU HIGH-TE       4.50      06/08/23      CNY    40.11
HUANGSHI CIHU HIGH-TE       4.50      06/08/23      CNY    43.00
HUANGSHI URBAN CONSTR       5.99      04/29/22      CNY    20.00
HUANGSHI URBAN CONSTR       5.99      04/29/22      CNY    20.27
HUANGSHI ZHONGBANG CI       5.95      06/02/24      CNY    61.97
HUANGSHI ZHONGBANG CI       5.95      06/02/24      CNY    61.97
HUBEI PROVINCE CHANGJ       6.15      04/03/22      CNY    20.28
HUBEI PROVINCE CHANGJ       6.15      04/03/22      CNY    22.40
HUBEI SONGZI JINSONG        6.60      06/21/24      CNY    60.46
HUBEI SONGZI JINSONG        6.60      06/21/24      CNY    61.44
HUBEI SUPPLY AND MARK       6.70      08/23/24      CNY    56.98
HUBEI SUPPLY AND MARK       6.70      08/23/24      CNY    61.72
HUBEI YILING ECONOMIC       6.45      09/05/24      CNY    60.00
HUBEI YILING ECONOMIC       6.45      09/05/24      CNY    60.18
HULUDAO INVESTMENT GR       7.50      10/18/23      CNY    29.00
HULUDAO INVESTMENT GR       7.50      10/18/23      CNY    30.85
HULUNBEIER INVESTMENT       6.31      04/30/22      CNY    19.65
HULUNBEIER INVESTMENT       6.31      04/30/22      CNY    20.22
HUNAN CHUZHISHENG HOL       5.60      12/18/22      CNY    39.86
HUNAN CHUZHISHENG HOL       5.60      12/18/22      CNY    40.43
HUNAN DESHAN CONSTRUC       6.46      09/14/24      CNY    58.46
HUNAN DESHAN CONSTRUC       6.46      09/14/24      CNY    61.52
HUNAN JINYANG INVESTM       5.70      11/27/21      CNY    18.60
HUNAN JINYANG INVESTM       5.70      11/27/21      CNY    20.01
HUNAN JINYANG INVESTM       4.37      01/19/23      CNY    39.85
HUNAN JINYANG INVESTM       4.37      01/19/23      CNY    40.10
HUNAN JINYANG INVESTM       4.39      04/06/23      CNY    39.97
HUNAN JINYANG INVESTM       4.39      04/06/23      CNY    40.13
HUNAN JINYANG NEW CIT       4.43      10/23/22      CNY    20.11
HUNAN JINYANG NEW CIT       4.43      10/23/22      CNY    20.11
HUNAN LINGANG DEVELOP       4.24      07/21/23      CNY    39.11
HUNAN LINGANG DEVELOP       4.24      07/21/23      CNY    39.55
HUNAN LINGANG DEVELOP       3.94      10/26/23      CNY    38.14
HUNAN LINGANG DEVELOP       3.94      10/26/23      CNY    39.45
HUNAN LOUDI ECONOMIC        6.36      03/13/22      CNY    19.64
HUNAN LOUDI ECONOMIC        6.36      03/13/22      CNY    27.00
HUNAN LOUDI ECONOMIC        4.89      03/30/23      CNY    37.64
HUNAN LOUDI ECONOMIC        4.89      03/30/23      CNY    39.17
HUNAN PROVINCIAL RAIL       6.09      04/30/25      CNY    60.00
HUNAN PROVINCIAL RAIL       6.09      04/30/25      CNY    62.72
HUNAN SENTE INDUSTRIA       6.90      11/28/24      CNY    40.00
HUNAN SHAODONG ECO-IN       6.58      12/13/23      CNY    60.40
HUNAN SHAODONG ECO-IN       6.58      12/13/23      CNY    60.95
HUNAN TIER GROUP CO L       4.20      03/17/23      CNY    38.05
HUNAN TIER GROUP CO L       4.20      03/17/23      CNY    38.06
HUNAN YOUZHOU INVESTM       4.80      07/07/23      CNY    39.91
HUNAN YOUZHOU INVESTM       4.80      07/07/23      CNY    39.92
HUNAN ZHIGU INVESTMEN       5.80      07/28/24      CNY    60.00
HUNAN ZHIGU INVESTMEN       5.80      07/28/24      CNY    61.72
INNER MONGOLIA JINLON       7.30      11/19/22      CNY    39.50
INNER MONGOLIA JINLON       7.30      11/19/22      CNY    40.41
INNER MONGOLIA KE'ERQ       6.50      03/11/22      CNY    20.00
INNER MONGOLIA KE'ERQ       6.50      03/11/22      CNY    20.00
INNER MONGOLIA KE'ERQ       6.45      04/30/22      CNY    20.09
INNER MONGOLIA KE'ERQ       6.45      04/30/22      CNY    20.13
INNER MONGOLIA ZHUNGE       6.54      12/31/21      CNY    20.10
INNER MONGOLIA ZHUNGE       6.54      12/31/21      CNY    22.10
JIAHE ZHUDU DEVELOPME       6.50      05/25/24      CNY    61.38
JIAHE ZHUDU DEVELOPME       6.50      05/25/24      CNY    61.38
JIAN CITY JINGANGSHAN       4.87      01/27/23      CNY    39.91
JIAN CITY JINGANGSHAN       4.87      01/27/23      CNY    39.96
JIANAN INVESTMENT HOL       4.30      03/08/23      CNY    40.34
JIANAN INVESTMENT HOL       4.30      03/08/23      CNY    40.38
JIANAN INVESTMENT HOL       3.50      09/05/23      CNY    39.70
JIANAN INVESTMENT HOL       3.50      09/05/23      CNY    40.08
JIANAN INVESTMENT HOL       3.85      09/05/23      CNY    40.20
JIANAN INVESTMENT HOL       3.85      09/05/23      CNY    40.28
JIANGMEN NEW HI-TECH        6.03      04/22/22      CNY    20.25
JIANGMEN NEW HI-TECH        6.03      04/22/22      CNY    20.35
JIANGSU BEIGU INDUSTR       5.80      06/20/23      CNY    39.77
JIANGSU BEIGU INDUSTR       5.80      06/20/23      CNY    39.96
JIANGSU DAHANG LINGAN       5.18      09/22/23      CNY    39.31
JIANGSU DAHANG LINGAN       5.18      09/22/23      CNY    39.47
JIANGSU GAOCHUN ECONO       3.67      09/23/23      CNY    39.75
JIANGSU GAOCHUN ECONO       3.67      09/23/23      CNY    39.76
JIANGSU GAOCHUN ECONO       3.92      11/23/23      CNY    59.89
JIANGSU GAOCHUN ECONO       3.92      11/23/23      CNY    60.02
JIANGSU GAOCHUN ECONO       5.66      06/26/24      CNY    61.39
JIANGSU GAOCHUN ECONO       5.66      06/26/24      CNY    61.43
JIANGSU GAOCHUN ECONO       6.08      08/14/24      CNY    59.57
JIANGSU GAOCHUN ECONO       6.08      08/14/24      CNY    61.93
JIANGSU HAIRUN CITY D       6.22      04/03/22      CNY    20.22
JIANGSU HAIRUN CITY D       6.22      04/03/22      CNY    20.25
JIANGSU HAIZHOU DEVEL       4.67      06/06/23      CNY    39.60
JIANGSU HAIZHOU DEVEL       4.67      06/06/23      CNY    40.37
JIANGSU HAIZHOUWAN DE       5.38      03/29/23      CNY    29.70
JIANGSU HANRUI INVEST       4.63      04/15/23      CNY    40.42
JIANGSU HANRUI INVEST       4.63      04/15/23      CNY    40.44
JIANGSU HANRUI INVEST       5.00      08/31/23      CNY    38.08
JIANGSU HANRUI INVEST       5.00      08/31/23      CNY    39.70
JIANGSU HONGZE LAKE S       6.50      08/01/24      CNY    60.16
JIANGSU JINHUI GROUP        5.16      07/14/24      CNY    61.34
JIANGSU JINHUI GROUP        5.16      07/14/24      CNY    63.60
JIANGSU JINTAN GUOFA        4.60      08/22/23      CNY    39.79
JIANGSU JINTAN GUOFA        4.60      08/22/23      CNY    39.80
JIANGSU KAIYUAN INVES       7.08      08/03/24      CNY    59.44
JIANGSU KAIYUAN INVES       7.08      08/03/24      CNY    60.00
JIANGSU RUNCHENG ASSE       5.65      04/19/24      CNY    61.11
JIANGSU RUNCHENG ASSE       5.65      04/19/24      CNY    62.65
JIANGSU WUZHONG ECONO       5.49      11/19/21      CNY    20.01
JIANGSU WUZHONG ECONO       5.49      11/19/21      CNY    20.32
JIANGSU XISHAN ECONOM       5.78      07/20/22      CNY    20.37
JIANGSU XISHAN ECONOM       5.78      07/20/22      CNY    20.50
JIANGSU YANGKOU PORT        6.23      04/10/22      CNY    20.11
JIANGSU YANGKOU PORT        6.23      04/10/22      CNY    27.50
JIANGSU YINGZHOU DEVE       4.33      09/21/23      CNY    38.19
JIANGSU YINGZHOU DEVE       4.33      09/21/23      CNY    38.43
JIANGSU YIXING ENVIRO       4.08      09/14/23      CNY    40.03
JIANGSU YIXING ENVIRO       4.08      09/14/23      CNY    40.15
JIANGSU ZHONGAN CONST       5.65      03/24/24      CNY    60.79
JIANGSU ZHONGAN CONST       5.65      03/24/24      CNY    62.40
JIANGSU ZHONGGUANCUN        5.70      08/30/24      CNY    61.60
JIANGSU ZHONGGUANCUN        5.70      08/30/24      CNY    61.74
JIANGSU ZHUFU INDUSTR       4.47      07/20/23      CNY    38.90
JIANGSU ZHUFU INDUSTR       4.47      07/20/23      CNY    39.30
JIANGXI HEJI INVESTME       5.09      12/17/22      CNY    39.61
JIANGXI HEJI INVESTME       5.09      12/17/22      CNY    40.00
JIANGXI LONGHU MOUNTA       4.35      03/16/23      CNY    39.58
JIANGXI LONGHU MOUNTA       4.35      03/16/23      CNY    39.78
JIANGXI PINGXIANG CHA       6.00      08/11/24      CNY    60.00
JIANGXI PINGXIANG CHA       6.00      08/11/24      CNY    60.21
JIANGYOU HONGFEI INVE       6.55      09/02/22      CNY    20.10
JIANGYOU HONGFEI INVE       6.55      09/02/22      CNY    20.31
JIANHU URBAN CONSTRUC       6.30      06/01/22      CNY    19.96
JIANHU URBAN CONSTRUC       6.30      06/01/22      CNY    22.86
JIANLI FENGYUAN CITY        6.78      04/28/24      CNY    61.44
JIANLI FENGYUAN CITY        6.78      04/28/24      CNY    61.45
JIANYANG DEVELOPMENT        3.93      11/10/23      CNY    58.49
JIANYANG DEVELOPMENT        3.93      11/10/23      CNY    58.58
JIANYANG MODERN INDUS       6.00      04/24/24      CNY    60.19
JIANYANG MODERN INDUS       6.00      04/24/24      CNY    60.61
JIAXING JIAXIU DEVELO       5.60      09/25/24      CNY    61.80
JIAXING JIAXIU DEVELO       5.60      09/25/24      CNY    61.99
JIAXING XIANGJIADANG        4.13      07/20/23      CNY    39.64
JIAXING XIANGJIADANG        4.13      07/20/23      CNY    40.34
JIAXING XIANGJIADANG        3.87      09/21/23      CNY    39.38
JIAXING XIANGJIADANG        3.87      09/21/23      CNY    40.09
JIAYU COUNTY URBAN TO       5.70      01/19/23      CNY    40.00
JIAYU COUNTY URBAN TO       5.70      01/19/23      CNY    40.19
JIAYU COUNTY URBAN TO       6.50      01/19/24      CNY    60.55
JIAYU COUNTY URBAN TO       6.50      01/19/24      CNY    61.04
JIAYU COUNTY URBAN TO       5.70      03/23/24      CNY    60.57
JIAYU COUNTY URBAN TO       5.70      03/23/24      CNY    60.57
JILIN CITY CONSTRUCTI       3.80      01/27/23      CNY    37.00
JILIN CITY CONSTRUCTI       3.80      01/27/23      CNY    39.79
JILIN ECONOMIC AND TE       6.20      04/29/23      CNY    40.07
JILIN ECONOMIC AND TE       6.20      04/29/23      CNY    40.17
JINAN CITY LICHENG DI       5.00      06/23/22      CNY    20.00
JINAN CITY LICHENG DI       5.00      06/23/22      CNY    20.10
JINCHANG CONSTRUCTION       6.79      12/21/22      CNY    20.00
JINCHANG CONSTRUCTION       6.79      12/21/22      CNY    40.40
JINCHENG STATE-OWNED        4.99      11/11/21      CNY    20.00
JINCHENG STATE-OWNED        4.99      11/11/21      CNY    20.10
JINGDEZHEN CERAMIC CU       5.38      11/27/22      CNY    39.96
JINGDEZHEN CERAMIC CU       5.38      11/27/22      CNY    40.00
JINGJIANG BINJIANG XI       5.37      07/25/24      CNY    60.31
JINGJIANG BINJIANG XI       5.37      07/25/24      CNY    63.53
JINGJIANG CITY INVEST       4.55      03/30/23      CNY    39.86
JINGJIANG CITY INVEST       4.55      03/30/23      CNY    39.94
JINGMEN CITY CONSTRUC       6.85      07/09/22      CNY    15.00
JINGMEN CITY CONSTRUC       6.85      07/09/22      CNY    15.35
JINGMEN HIGH-TECH DEV       5.48      08/11/22      CNY    19.80
JINGMEN HIGH-TECH DEV       5.48      08/11/22      CNY    20.19
JINGMEN HIGH-TECH DEV       4.15      07/28/23      CNY    39.62
JINGMEN HIGH-TECH DEV       4.15      07/28/23      CNY    39.83
JINGSHAN JINGCHENG IN       4.38      08/29/23      CNY    39.22
JINGSHAN JINGCHENG IN       4.38      08/29/23      CNY    40.29
JINGZHOU DEVELOPMENT        4.87      09/23/26      CNY    65.26
JINGZHOU DEVELOPMENT        4.87      09/23/26      CNY    69.64
JINGZHOU URBAN CONSTR       3.97      03/10/23      CNY    40.10
JINGZHOU URBAN CONSTR       3.97      03/10/23      CNY    40.23
JINGZHOU URBAN CONSTR       5.68      07/20/24      CNY    61.55
JINGZHOU URBAN CONSTR       5.68      07/20/24      CNY    61.70
JINHU COUNTY STATE-OW       4.00      07/26/22      CNY    25.13
JINHU COUNTY STATE-OW       4.00      07/26/22      CNY    25.13
JINING CITY SHIZHONG        6.39      01/29/22      CNY    19.98
JINING CITY SHIZHONG        6.39      01/29/22      CNY    24.44
JINING CITY SHIZHONG        3.52      09/14/23      CNY    38.98
JINING HIGH TECH URBA       6.09      04/30/22      CNY    20.19
JINING HIGH TECH URBA       6.09      04/30/22      CNY    21.50
JINING HIGH TECH URBA       5.88      04/25/23      CNY    71.15
JINNENG HOLDING COAL        5.20      04/24/28      CNY    75.00
JINSHA COUNTY CONSTRU       6.01      09/05/23      CNY    37.96
JINSHA COUNTY CONSTRU       6.01      09/05/23      CNY    38.69
JINTANG MODERN AGRICU       5.49      07/14/23      CNY    40.00
JINTANG MODERN AGRICU       5.49      07/14/23      CNY    40.22
JINXIAN COUNTY CITY C       6.20      07/24/24      CNY    60.98
JINZHAI URBAN DEVELOP       5.90      04/25/23      CNY    40.80
JINZHAI URBAN DEVELOP       5.90      04/25/23      CNY    40.80
JISHOU HUATAI STATE O       7.18      02/09/22      CNY    20.02
JISHOU HUATAI STATE O       7.18      02/09/22      CNY    22.82
JISHOU HUATAI STATE O       6.50      06/21/24      CNY    59.67
JISHOU HUATAI STATE O       6.50      06/21/24      CNY    62.50
JISHOU HUATAI STATE O       6.45      09/11/24      CNY    59.51
JISHOU HUATAI STATE O       6.45      09/11/24      CNY    60.00
JIUJIANG CITY CONSTRU       5.50      05/22/22      CNY    19.55
JIUJIANG CITY CONSTRU       5.50      05/22/22      CNY    20.24
JIUJIANG LAND INVESTM       6.20      03/23/22      CNY    20.13
JIUJIANG LAND INVESTM       6.20      03/23/22      CNY    20.36
JIUJIANG LIANXI DISTR       4.58      03/30/23      CNY    39.84
JIUJIANG LIANXI DISTR       4.58      03/30/23      CNY    40.01
JIXI STATE OWN ASSET        6.87      01/19/22      CNY    19.98
JIXI STATE OWN ASSET        6.87      01/19/22      CNY    20.04
JUNAN CITY STATE OWNE       7.50      09/26/24      CNY    59.81
JUNAN CITY STATE OWNE       7.50      09/26/24      CNY    62.63
JURONG URBAN CONSTRUC       6.89      09/18/24      CNY    60.00
JURONG URBAN CONSTRUC       6.89      09/18/24      CNY    61.09
JURONG URBAN CONSTRUC       6.80      11/06/24      CNY    60.83
KAIFENG URBAN OPERATI       6.35      03/23/22      CNY    20.09
KAIFENG URBAN OPERATI       6.35      03/23/22      CNY    20.09
KAIFU CITY DEVELOPMEN       4.20      01/21/23      CNY    39.85
KAIFU CITY DEVELOPMEN       4.20      01/21/23      CNY    40.13
KAIFU CITY DEVELOPMEN       3.73      08/22/23      CNY    39.85
KAIFU CITY DEVELOPMEN       3.73      08/22/23      CNY    40.21
KAILI GUIZHOU TOWN CO       5.29      12/17/22      CNY    38.94
KAILI GUIZHOU TOWN CO       5.29      12/17/22      CNY    40.00
KAILI GUIZHOU TOWN CO       4.20      10/13/23      CNY    37.07
KAILI GUIZHOU TOWN CO       4.20      10/13/23      CNY    37.07
KANGMEI PHARMACEUTICA       6.28      03/20/21      CNY    20.50
KANGMEI PHARMACEUTICA       6.10      03/28/21      CNY    20.50
KANGMEI PHARMACEUTICA       5.50      04/20/21      CNY    20.50
KANGMEI PHARMACEUTICA       7.00      06/21/21      CNY    20.50
KANGMEI PHARMACEUTICA       6.80      06/28/21      CNY    20.50
KANGMEI PHARMACEUTICA       6.33      01/27/22      CNY    36.69
KANGMEI PHARMACEUTICA       5.20      07/17/22      CNY    20.50
KANGMEI PHARMACEUTICA       5.29      08/16/22      CNY    20.50
KANGMEI PHARMACEUTICA       5.47      09/15/22      CNY    20.50
KASHI URBAN CONSTRUCT       5.80      07/20/22      CNY    20.10
KASHI URBAN CONSTRUCT       5.80      07/20/22      CNY    20.16
KUNMING DIANCHI INVES       5.75      07/24/24      CNY    59.79
KUNMING DIANCHI INVES       5.75      07/24/24      CNY    59.83
KUNSHAN YINQIAO HOLDI       5.50      10/18/24      CNY    62.25
KUNSHAN YINQIAO HOLDI       5.50      10/18/24      CNY    64.10
LAOHEKOU CITY CONSTRU       6.75      08/12/22      CNY    20.06
LAOHEKOU CITY CONSTRU       6.49      08/16/24      CNY    60.00
LAOHEKOU CITY CONSTRU       6.49      08/16/24      CNY    61.14
LEIYANG CITY AND RURA       7.80      04/10/22      CNY    20.31
LEIYANG CITY AND RURA       7.80      04/10/22      CNY    20.32
LEPING STATE-OWNED AS       3.70      10/20/23      CNY    39.42
LEPING STATE-OWNED AS       3.70      10/20/23      CNY    39.79
LIANYUNGANG HENGCHI I       7.45      09/22/24      CNY    58.73
LIANYUNGANG HENGCHI I       7.45      09/22/24      CNY    60.00
LIANYUNGANG HENGCHI I       7.40      10/27/24      CNY    60.00
LIANYUNGANG HENGCHI I       7.40      10/27/24      CNY    62.23
LIANYUNGANG TRANSPORT       5.47      11/17/21      CNY    20.01
LIANYUNGANG TRANSPORT       5.47      11/17/21      CNY    25.00
LIAOCHENG ANTAI URBAN       5.16      04/11/23      CNY    39.56
LIAOCHENG ANTAI URBAN       4.58      04/11/23      CNY    39.63
LIAOCHENG ANTAI URBAN       4.58      04/11/23      CNY    39.68
LIAOCHENG ANTAI URBAN       5.16      04/11/23      CNY    40.00
LIAOCHENG XINGYE HOLD       5.20      04/13/23      CNY    39.49
LIAOCHENG XINGYE HOLD       5.20      04/13/23      CNY    39.49
LIAONING GUANLONG CON       4.70      11/10/23      CNY    59.00
LIAONING GUANLONG CON       4.70      11/10/23      CNY    59.80
LIAONING YAODU DEVELO       6.50      04/29/23      CNY    40.62
LILING HIGH-TECH INDU       4.93      01/19/23      CNY    39.32
LINFEN YAODU DISTRICT       7.19      03/13/22      CNY    20.14
LINWU SHUNFA URBAN CO       7.00      08/23/24      CNY    60.00
LINWU SHUNFA URBAN CO       7.00      08/23/24      CNY    60.26
LINYI CITY DEVELOPMEN       3.85      11/22/23      CNY    59.36
LINYI CITY DEVELOPMEN       3.85      11/22/23      CNY    60.21
LISHUI CITY CULTURAL        5.67      08/13/22      CNY    20.03
LISHUI CITY CULTURAL        5.67      08/13/22      CNY    20.11
LIUPANSHUI CITY TRAFF       5.98      05/02/24      CNY    57.42
LIUPANSHUI CITY TRAFF       5.98      05/02/24      CNY    60.56
LIUPANSHUI DEVELOPMEN       3.74      01/20/23      CNY    39.70
LIUPANSHUI DEVELOPMEN       3.74      01/20/23      CNY    40.00
LIUPANSHUI MINSHENG I       5.08      01/29/23      CNY    36.70
LIUYANG MODERN MANUFA       4.72      01/19/23      CNY    39.81
LIUYANG MODERN MANUFA       4.72      01/19/23      CNY    39.82
LIUYANG MODERN MANUFA       5.75      05/02/24      CNY    61.69
LIUYANG MODERN MANUFA       5.88      08/10/24      CNY    62.26
LIUYANG MODERN MANUFA       5.88      08/10/24      CNY    62.37
LIUYANG URBAN CONSTRU       4.45      05/24/23      CNY    39.84
LIUYANG URBAN CONSTRU       4.45      05/24/23      CNY    40.49
LIUZHOU CITY INVESTME       7.18      12/31/22      CNY    29.91
LIUZHOU DONGTONG INVE       4.45      07/22/23      CNY    37.96
LIUZHOU DONGTONG INVE       4.45      07/22/23      CNY    38.00
LIUZHOU LONGJIAN INVE       8.28      04/30/24      CNY    44.50
LIUZHOU LONGJIAN INVE       8.28      04/30/24      CNY    45.83
LONGCHANG DEVELOPMENT       7.09      10/31/24      CNY    60.00
LONGCHANG DEVELOPMENT       7.09      10/31/24      CNY    61.82
LONGYAN RAILWAY CONST       4.98      04/13/23      CNY    39.82
LONGYAN RAILWAY CONST       4.98      04/13/23      CNY    39.98
LOUDI TIDU INVESTMENT       4.83      01/20/23      CNY    39.79
LOUDI TIDU INVESTMENT       4.83      01/20/23      CNY    39.93
LOUDI WANBAO NEW DIST       5.13      02/01/23      CNY    39.29
LOUDI WANBAO NEW DIST       5.13      02/01/23      CNY    39.35
LOUDI WANBAO NEW DIST       4.42      08/01/23      CNY    38.56
LOUDI WANBAO NEW DIST       4.42      08/01/23      CNY    39.72
LU'AN JIN'AN DISTRICT       5.95      07/24/24      CNY    61.71
LUJIANG CITY CONSTRUC       6.70      04/16/22      CNY    20.00
LUJIANG CITY CONSTRUC       6.70      04/16/22      CNY    20.30
LUOYANG CITY COUNTRY        4.28      04/26/23      CNY    40.30
LUOYANG CITY COUNTRY        4.28      04/26/23      CNY    40.53
LUOYANG CITY DEVELOPM       4.47      12/02/22      CNY    40.00
LUOYANG CITY DEVELOPM       4.47      12/02/22      CNY    40.25
LUXI URBAN CONSTRUCTI       6.80      10/27/24      CNY    60.00
LUXI URBAN CONSTRUCTI       6.80      10/27/24      CNY    60.10
LUZHOU FUYANG INVESTM       5.00      08/11/23      CNY    36.85
LUZHOU FUYANG INVESTM       5.00      08/11/23      CNY    39.01
LUZHOU HUIXING INVEST       6.28      10/19/24      CNY    61.16
LUZHOU HUIXING INVEST       6.28      10/19/24      CNY    62.31
LUZHOU XINGLU INVESTM       6.41      04/23/25      CNY    60.00
LUZHOU XINGLU INVESTM       6.41      04/23/25      CNY    63.34
LUZHOU XINGYANG INVES       4.87      01/28/23      CNY    39.49
LUZHOU XINGYANG INVES       4.87      01/28/23      CNY    39.51
MA'ANSHAN CIHU HIGH T       3.90      11/28/23      CNY    60.23
MA'ANSHAN CIHU HIGH T       3.90      11/28/23      CNY    60.35
MAANSHAN ECONOMIC TEC       6.49      03/06/22      CNY    20.14
MAANSHAN ECONOMIC TEC       6.49      03/06/22      CNY    24.99
MAANSHAN HUASHAN DIST       6.07      04/20/22      CNY    20.20
MAANSHAN HUASHAN DIST       6.07      04/20/22      CNY    20.45
MAANSHAN NINGBO INVES       7.50      04/18/26      CNY    40.00
MAANSHAN SOUTHERN IND       4.53      07/25/23      CNY    38.96
MAANSHAN SOUTHERN IND       4.53      07/25/23      CNY    39.50
MAANSHAN SOUTHERN IND       4.43      09/02/23      CNY    39.29
MAANSHAN SOUTHERN IND       4.43      09/02/23      CNY    39.36
MAANSHAN YUSHAN CITY        5.62      07/31/24      CNY    60.60
MAANSHAN YUSHAN CITY        5.62      07/31/24      CNY    60.61
MAANSHAN YUSHAN CITY        5.85      09/22/24      CNY    60.90
MAANSHAN YUSHAN CITY        5.85      09/22/24      CNY    60.90
MA'ANSHAN ZHENGPU HAR       6.00      10/13/24      CNY    62.04
MA'ANSHAN ZHENGPU HAR       6.00      10/13/24      CNY    64.26
MEISHAN CITY DONGPO D       5.90      06/30/23      CNY    38.93
MEISHAN CITY DONGPO D       5.90      06/30/23      CNY    39.23
MEISHAN HONGDA CONSTR       4.18      03/28/23      CNY    39.55
MEISHAN HONGDA CONSTR       4.18      03/28/23      CNY    39.89
MEISHAN MINDONG DEVEL       6.78      08/08/24      CNY    59.97
MEISHAN MINDONG DEVEL       6.78      08/08/24      CNY    61.75
MEIZHOU CITY XIN JIN        6.02      04/22/22      CNY    20.27
MEIZHOU CITY XIN JIN        6.02      04/22/22      CNY    25.32
MEIZHOU MEI COUNTY DI       5.00      12/30/22      CNY    39.92
MEIZHOU MEI COUNTY DI       5.00      12/30/22      CNY    40.10
MENGCHENG COUNTY URBA       5.60      09/21/24      CNY    61.60
MENGZI CITY DEVELOPME       7.65      09/25/24      CNY    62.44
MENGZI CITY DEVELOPME       7.65      09/25/24      CNY    62.53
MENGZI NEW CITY DEVEL       6.50      12/09/27      CNY    92.00
MIANYANG HONGDA ASSET       7.20      09/29/24      CNY    60.00
MIANYANG HONGDA ASSET       7.20      09/29/24      CNY    62.45
MUDANJIANG AREA URBAN       6.48      06/30/22      CNY    20.06
MUDANJIANG AREA URBAN       6.48      06/30/22      CNY    25.00
MUNICIPALITY OF SHENZ       3.00      03/29/22      CNY    20.00
MUNICIPALITY OF SHENZ       3.00      03/29/22      CNY    20.00
MUNICIPALITY OF SHENZ       3.37      03/29/26      CNY    69.66
MUNICIPALITY OF SHENZ       3.37      03/29/26      CNY    69.66
MUNICIPALITY OF SHENZ       3.37      03/29/26      CNY    70.20
MUNICIPALITY OF SHENZ       3.37      03/29/26      CNY    75.00
MUNICIPALITY OF SHENZ       3.37      03/29/26      CNY    75.00
NANCHANG ECONOMY TECH       3.83      09/22/23      CNY    39.84
NANCHANG ECONOMY TECH       3.83      09/22/23      CNY    40.15
NANCHONG AIRPORT INVE       6.80      01/26/22      CNY    20.05
NANJING BAIXIA STATE-       3.98      03/29/23      CNY    39.95
NANJING BAIXIA STATE-       3.98      03/29/23      CNY    40.28
NANJING JIANGBEI NEW        5.59      09/26/24      CNY    61.96
NANJING JIANGBEI NEW        5.59      09/26/24      CNY    62.50
NANJING JIANGNING ECO       7.94      04/14/24      CNY    47.62
NANJING JIANGNING URB       3.48      11/11/23      CNY    59.57
NANJING JIANGNING URB       3.48      11/11/23      CNY    59.88
NANJING JIANYE SCIENC       4.37      06/24/23      CNY    40.20
NANJING JIANYE SCIENC       4.37      06/24/23      CNY    40.49
NANJING LISHUI ECONOM       3.41      11/09/23      CNY    39.81
NANJING LISHUI ECONOM       3.41      11/09/23      CNY    60.07
NANJING LISHUI URBAN        4.97      04/28/23      CNY    40.00
NANJING LISHUI URBAN        4.97      04/28/23      CNY    40.49
NANJING METRO GROUP C       3.29      08/29/23      CNY    40.01
NANJING PUKOU COMMUNI       5.46      07/19/24      CNY    61.77
NANJING QIXIA STATE-O       4.10      06/24/23      CNY    40.12
NANJING QIXIA STATE-O       4.10      06/24/23      CNY    40.29
NANJING STATE OWNED A       5.60      03/06/23      CNY    30.64
NANLING COUNTY CONSTR       6.20      09/06/24      CNY    60.00
NANLING COUNTY CONSTR       6.20      09/06/24      CNY    60.12
NANNING HI-TECH INDUS       4.28      03/25/23      CNY    35.20
NANNING HI-TECH INDUS       4.28      03/25/23      CNY    39.94
NANNING HI-TECH INDUS       3.82      10/20/23      CNY    39.34
NANNING HI-TECH INDUS       3.82      10/20/23      CNY    39.49
NANPING CITY WUYI NEW       4.96      09/28/22      CNY    20.20
NANPING CITY WUYI NEW       4.96      09/28/22      CNY    20.23
NANTONG CHONGCHUAN UR       5.70      07/21/22      CNY    40.00
NANTONG CHONGCHUAN UR       5.70      07/21/22      CNY    40.86
NANTONG CITY TONGZHOU       3.75      07/07/23      CNY    40.00
NANTONG CITY TONGZHOU       3.75      07/07/23      CNY    40.00
NANTONG CITY TONGZHOU       4.88      04/10/24      CNY    60.93
NANTONG HIGH TECHNOLO       5.00      10/19/22      CNY    20.20
NANTONG HIGH TECHNOLO       5.00      10/19/22      CNY    20.34
NANTONG SHIBEI NEW CI       5.98      08/07/24      CNY    61.15
NANTONG SHIBEI NEW CI       5.98      08/07/24      CNY    61.69
NANTONG SUTONG HOLDIN       6.20      03/18/22      CNY    20.00
NANTONG SUTONG HOLDIN       6.20      03/18/22      CNY    20.14
NANTONG YUNTONG PORT        6.13      08/10/24      CNY    56.00
NANTONG YUNTONG PORT        6.13      08/10/24      CNY    59.87
NANYANG HIGH-TECH DIS       6.45      04/29/23      CNY    40.18
NANYANG HIGH-TECH DIS       6.45      04/29/23      CNY    40.57
NANZHANG COUNTY CONST       6.00      01/20/24      CNY    61.26
NANZHANG COUNTY CONST       6.00      01/20/24      CNY    61.30
NANZHANG COUNTY CONST       6.58      10/25/24      CNY    60.00
NANZHANG COUNTY CONST       6.58      10/25/24      CNY    62.77
NEIJIANG CITY XINGYUA       4.28      08/16/23      CNY    39.57
NEIJIANG CITY XINGYUA       4.28      08/16/23      CNY    39.62
NEIJIANG STATE-OWNED        6.20      04/12/23      CNY    39.55
NEIJIANG STATE-OWNED        6.20      04/12/23      CNY    40.04
NEIJINAG CONSTRUCTION       5.03      12/25/22      CNY    36.36
NEIJINAG CONSTRUCTION       5.03      12/25/22      CNY    38.96
NEOGLORY HOLDING GROU       8.10      11/23/18      CNY    72.00
NEOGLORY HOLDING GROU       8.00      09/25/20      CNY    60.00
NEOGLORY HOLDING GROU       8.00      10/22/20      CNY    56.00
NINGBO CITY ZHENHAI I       5.85      12/04/21      CNY    20.05
NINGBO FENGHUA INVEST       4.58      03/28/22      CNY    50.14
NINGBO FENGHUA INVEST       4.58      03/28/22      CNY    50.20
NINGBO MEISHAN ISLAND       6.27      03/23/22      CNY    20.24
NINGBO MEISHAN ISLAND       6.27      03/23/22      CNY    28.29
NINGGUO CITY STATE OW       7.14      08/07/24      CNY    60.80
NINGGUO CITY STATE OW       7.14      08/07/24      CNY    62.27
NINGXIA SHENG YAN IND       7.50      09/27/23      CNY    42.45
NINGXIANG CITY CONSTR       6.70      01/20/22      CNY    20.12
NINGXIANG CITY CONSTR       6.70      01/20/22      CNY    20.20
NINGXIANG CITY CONSTR       6.00      06/02/26      CNY    73.23
NINGXIANG ECONOMIC TE       3.87      01/27/23      CNY    40.00
NINGXIANG ECONOMIC TE       3.87      01/27/23      CNY    40.22
NINGXIANG STATE-OWNED       4.89      06/03/23      CNY    39.93
NINGXIANG STATE-OWNED       4.89      06/03/23      CNY    40.37
NINGXIANG STATE-OWNED       3.88      11/02/23      CNY    39.41
NINGXIANG STATE-OWNED       3.88      11/02/23      CNY    60.00
ONE BELT ONE ROAD JIA       4.70      07/15/23      CNY    40.44
ONE BELT ONE ROAD JIA       4.70      07/15/23      CNY    40.45
PANJIN WATER GROUP CO       5.18      10/28/23      CNY    36.52
PANSHAN COUNTY STATE-       7.48      01/21/22      CNY    20.06
PANSHAN COUNTY STATE-       7.48      01/21/22      CNY    20.06
PANZHIHUA STATE OWNED       8.18      03/13/22      CNY    20.21
PANZHIHUA STATE OWNED       8.18      03/13/22      CNY    20.45
PEIXIAN CITY INVESTME       5.20      11/10/22      CNY    40.00
PEIXIAN CITY INVESTME       5.20      11/10/22      CNY    40.19
PEIXIAN STATE-OWNED A       5.98      07/19/24      CNY    60.00
PEIXIAN STATE-OWNED A       5.98      07/19/24      CNY    61.01
PEKING UNIVERSITY FOU       6.20      05/31/20      CNY    11.00
PEKING UNIVERSITY FOU       6.15      07/23/20      CNY    11.00
PEKING UNIVERSITY FOU       6.30      09/12/20      CNY    11.00
PEKING UNIVERSITY FOU       4.80      07/26/21      CNY    11.00
PEKING UNIVERSITY FOU       6.10      08/22/21      CNY    11.00
PEKING UNIVERSITY FOU       5.99      11/02/21      CNY    11.00
PEKING UNIVERSITY FOU       5.80      01/28/22      CNY    11.00
PEKING UNIVERSITY FOU       6.68      08/09/23      CNY    11.00
PEKING UNIVERSITY FOU       6.50      11/16/23      CNY    11.00
PEKING UNIVERSITY FOU       6.30      03/04/24      CNY    11.00
PENGSHAN DEVELOPMENT        7.00      09/05/24      CNY    60.00
PENGSHAN DEVELOPMENT        7.00      09/05/24      CNY    62.44
PENGZHOU STATE-PENGZH       3.95      10/20/23      CNY    37.98
PINGHU CITY INVESTMEN       5.13      04/29/23      CNY    40.65
PINGHU CITY INVESTMEN       5.13      04/29/23      CNY    40.65
PINGJIANG COUNTY WATE       6.64      06/27/26      CNY    71.12
PINGLIANG CULTURAL &        6.85      11/30/22      CNY    36.00
PINGLIANG CULTURAL &        6.85      11/30/22      CNY    39.83
PINGTAN COMPREHENSIVE       3.92      01/29/23      CNY    39.60
PINGXIANG CHANGXING I       5.26      04/11/23      CNY    39.31
PINGXIANG CHANGXING I       5.26      04/11/23      CNY    40.40
PINGXIANG HUIFENG INV       6.60      01/26/22      CNY    19.95
PINGXIANG HUIFENG INV       6.60      01/26/22      CNY    19.98
PINGXIANG HUIFENG INV       5.79      09/21/24      CNY    60.70
PINGXIANG HUIFENG INV       5.79      09/21/24      CNY    61.40
PINGYANG STATE-OWNED        4.97      01/08/23      CNY    40.00
PINGYANG STATE-OWNED        4.97      01/08/23      CNY    40.39
PIZHOU CITY HENGRUN I       6.46      12/05/21      CNY    20.03
PIZHOU CITY HENGRUN I       6.46      12/05/21      CNY    22.46
PIZHOU ECONOMIC DEVEL       5.00      10/29/22      CNY    19.79
PIZHOU ECONOMIC DEVEL       5.00      10/29/22      CNY    20.00
PIZHOU ECONOMIC DEVEL       6.66      09/19/24      CNY    61.00
PIZHOU ECONOMIC DEVEL       6.66      09/19/24      CNY    61.82
POYANG INVESTMENT & D       6.53      08/08/24      CNY    60.00
POYANG INVESTMENT & D       6.53      08/08/24      CNY    62.76
PUCHENG INVESTMENT DE       6.57      08/10/24      CNY    60.00
PUCHENG INVESTMENT DE       6.57      08/10/24      CNY    61.60
PUDING YELANG STATE-O       7.79      11/13/24      CNY    74.00
PUTIAN HIGH TECHNOLOG       5.90      05/03/22      CNY    25.13
PUTIAN HIGH TECHNOLOG       5.90      05/03/22      CNY    25.14
PUYANG INVESTMENT GRO       5.18      08/17/24      CNY    61.57
PUYANG INVESTMENT GRO       5.18      08/17/24      CNY    61.69
QIANAN XINGYUAN WATER       6.25      04/22/22      CNY    20.17
QIANAN XINGYUAN WATER       6.25      04/22/22      CNY    20.24
QIANDONGNAN TRANSPORT       5.79      12/21/22      CNY    37.55
QIANDONGNAN TRANSPORT       5.79      12/21/22      CNY    38.10
QIANDONGNANZHOU KAIHO       5.30      09/22/26      CNY    48.25
QIANDONGNANZHOU KAIHO       5.30      09/22/26      CNY    54.03
QIANJIANG URBAN CONST       5.19      12/21/22      CNY    39.98
QIANJIANG URBAN CONST       5.19      12/21/22      CNY    40.00
QIANNAN AUTONOMOUS PR       6.99      04/19/24      CNY    57.36
QIANNAN AUTONOMOUS PR       6.99      04/19/24      CNY    57.42
QIANNAN AUTONOMOUS PR       6.98      07/06/24      CNY    57.01
QIANNAN AUTONOMOUS PR       6.98      07/06/24      CNY    57.18
QIANNANZHOU INVESTMEN       6.43      03/09/22      CNY    19.30
QIANNANZHOU INVESTMEN       6.43      03/09/22      CNY    19.80
QIANNANZHOU INVESTMEN       6.77      07/28/24      CNY    49.80
QIANXINAN AUTONOMOUS        5.90      06/22/23      CNY    39.52
QIANXINAN AUTONOMOUS        5.90      06/22/23      CNY    40.36
QICHUN COUNTY CONSTRU       4.96      10/18/23      CNY    39.38
QICHUN COUNTY CONSTRU       4.96      10/18/23      CNY    39.40
QIDONG COMMUNICATIONS       4.00      03/18/23      CNY    40.08
QIDONG COMMUNICATIONS       4.00      03/18/23      CNY    40.27
QIDONG STATE-OWNED AS       7.30      11/20/22      CNY    30.64
QIDONG STATE-OWNED AS       4.00      03/09/23      CNY    40.17
QIDONG STATE-OWNED AS       4.00      03/09/23      CNY    40.30
QIDONG URBAN CONSTRUC       5.25      08/16/24      CNY    61.80
QIDONG URBAN CONSTRUC       5.25      08/16/24      CNY    62.50
QIHE CITY OPERATION C       5.10      03/07/23      CNY    39.78
QIHE CITY OPERATION C       5.10      03/07/23      CNY    40.01
QINGDAO CHANGYANG INV       3.73      09/12/23      CNY    39.33
QINGDAO CHANGYANG INV       3.73      09/12/23      CNY    39.35
QINGDAO CONSON DEVELO       6.40      12/12/22      CNY    30.51
QINGDAO CONSON DEVELO       6.40      12/12/22      CNY    30.63
QINGDAO JIMO CITY TOU       5.47      11/17/21      CNY    20.01
QINGDAO JIMO CITY TOU       5.47      11/17/21      CNY    21.65
QINGDAO JIMO CITY TOU       5.35      07/10/24      CNY    61.00
QINGDAO JIMO CITY TOU       5.35      07/10/24      CNY    61.41
QINGDAO OCEAN INVESTM       4.36      05/12/23      CNY    40.18
QINGDAO OCEAN INVESTM       4.36      05/12/23      CNY    40.37
QINGDAO SHAOHAI INVES       6.47      10/31/24      CNY    60.23
QINGDAO SHAOHAI INVES       6.47      10/31/24      CNY    61.64
QINGDAO WEST COAST DE       4.26      06/06/23      CNY    40.10
QINGDAO WEST COAST DE       4.26      06/06/23      CNY    40.33
QINGHAI PROVINCIAL IN       7.25      02/22/20      USD    34.62
QINGHAI PROVINCIAL IN       7.88      03/22/21      USD    35.19
QINGHAI PROVINCIAL IN       6.40      07/10/21      USD    35.80
QINGHAI STATE-OWNED A       5.90      12/17/22      CNY    72.00
QINGHAI STATE-OWNED A       5.40      05/21/23      CNY    68.20
QINGHAI STATE-OWNED A       6.38      08/14/28      CNY    70.13
QINGHAI STATE-OWNED A       7.20      11/25/28      CNY    70.13
QINGHAI STATE-OWNED A       6.70      10/10/29      CNY    70.13
QINGZHOU CITY CONSTRU       6.40      07/10/24      CNY    60.00
QINGZHOU CITY CONSTRU       6.40      07/10/24      CNY    61.00
QINGZHOU CITY CONSTRU       6.80      08/25/24      CNY    58.08
QINHUANGDAO CITY DEVE       4.69      04/14/23      CNY    40.09
QINHUANGDAO CITY DEVE       4.69      04/14/23      CNY    40.40
QINHUANGDAO DEVELOPME       4.07      08/26/23      CNY    38.83
QINHUANGDAO DEVELOPME       4.07      08/26/23      CNY    39.53
QIONGLAI CITY CONSTRU       6.98      03/25/22      CNY    20.16
QIONGLAI CITY CONSTRU       6.98      03/25/22      CNY    20.80
QUANJIAO URBAN INFRAS       5.10      05/18/23      CNY    40.03
QUANJIAO URBAN INFRAS       5.10      05/18/23      CNY    40.04
QUJING CITY QILIN DIS       5.37      11/26/22      CNY    39.54
QUJING CITY QILIN DIS       5.37      11/26/22      CNY    41.95
QUJING ECO TECH DEVEL       5.75      06/01/23      CNY    38.46
QUJING ECO TECH DEVEL       5.75      06/01/23      CNY    40.28
RENHUAI CITY DEVELOPM       5.12      04/14/23      CNY    39.01
RENHUAI CITY DEVELOPM       5.12      04/14/23      CNY    39.31
RENQIU CONSTRUCTION I       5.68      11/18/22      CNY    40.38
RENQIU CONSTRUCTION I       5.68      11/18/22      CNY    40.72
RENSHOU DEVELOPMENT O       6.42      12/22/22      CNY    38.00
RENSHOU DEVELOPMENT O       6.42      12/22/22      CNY    40.17
REWARD SCIENCE AND TE       5.53      07/05/21      CNY    29.10
REWARD SCIENCE AND TE       6.40      03/03/22      CNY    70.00
RISESUN REAL ESTATE D       7.22      07/23/23      CNY    27.00
RISESUN REAL ESTATE D       7.18      08/06/23      CNY    30.00
RIZHAO CITY CONSTRUCT       3.98      12/07/22      CNY    40.05
RUCHENG COUNTY URBAN        5.69      02/23/24      CNY    71.75
RUCHENG COUNTY URBAN        5.69      02/23/24      CNY    71.76
RUDONG COUNTY JINXIN        4.57      07/26/23      CNY    39.87
RUDONG COUNTY JINXIN        4.57      07/26/23      CNY    39.97
RUDONG COUNTY JINXIN        3.80      07/26/23      CNY    40.01
RUDONG COUNTY JINXIN        3.80      07/26/23      CNY    40.13
RUDONG COUNTY KAITAI        4.57      01/08/23      CNY    40.27
RUDONG NEW WORLD INVE       4.37      07/18/23      CNY    39.70
RUDONG NEW WORLD INVE       4.37      07/18/23      CNY    39.73
RUGAO ECONOMIC & TRAD       3.95      03/24/23      CNY    40.12
RUGAO ECONOMIC & TRAD       3.95      03/24/23      CNY    40.13
RUGAO TRAFFIC INDUSTR       3.74      03/23/23      CNY    40.02
RUGAO TRAFFIC INDUSTR       3.74      03/23/23      CNY    40.10
RUIAN STATE OWNED ASS       4.56      01/27/23      CNY    39.89
RUIAN STATE OWNED ASS       4.56      01/27/23      CNY    40.43
RUICHANG CITY INVESTM       5.68      03/25/23      CNY    39.88
RUICHANG CITY INVESTM       5.50      06/17/23      CNY    39.93
RUIJIN URBAN DEVELOPM       4.13      09/06/23      CNY    39.37
RUIJIN URBAN DEVELOPM       4.13      09/06/23      CNY    39.61
RUZHOU CITY XINYUAN I       4.43      09/26/23      CNY    35.50
RUZHOU CITY XINYUAN I       4.43      09/26/23      CNY    38.22
SANMEN COUNTY STATE-O       6.80      03/18/22      CNY    20.19
SANMEN COUNTY STATE-O       6.80      03/18/22      CNY    20.20
SANMING STATE-OWNED A       5.10      04/17/24      CNY    61.15
SANMING TRANSPORTATIO       3.68      03/29/23      CNY    39.20
SANMING TRANSPORTATIO       3.68      03/29/23      CNY    40.01
SHAANXI XIXIAN NEW AR       5.10      06/06/23      CNY    39.74
SHAANXI XIXIAN NEW AR       5.10      06/06/23      CNY    39.82
SHAANXI XIXIAN NEW AR       7.10      08/23/24      CNY    61.59
SHAANXI XIXIAN NEW AR       7.10      08/23/24      CNY    62.09
SHAANXI XIXIAN NEW AR       6.89      01/05/22      CNY    19.26
SHAANXI XIXIAN NEW AR       6.89      01/05/22      CNY    20.05
SHAANXI XIXIAN NEW AR       6.67      08/23/24      CNY    60.10
SHAANXI XIXIAN NEW AR       6.67      08/23/24      CNY    60.27
SHAANXI XIXIAN NEW AR       5.15      11/27/22      CNY    40.08
SHAANXI XIXIAN NEW AR       5.15      11/27/22      CNY    41.01
SHANDONG BOXING COUNT       8.00      12/22/21      CNY    20.10
SHANDONG BOXING COUNT       8.00      12/22/21      CNY    20.15
SHANDONG GAOCHUANG CO       6.05      06/18/22      CNY    20.06
SHANDONG GAOCHUANG CO       6.05      06/18/22      CNY    22.45
SHANDONG RUYI TECHNOL       7.90      09/18/23      CNY    52.10
SHANDONG TENGJIAN INV       6.00      06/08/22      CNY    20.00
SHANDONG TENGJIAN INV       6.00      06/08/22      CNY    20.04
SHANDONG WANTONG PETR       7.97      11/29/21      CNY     0.20
SHANGHAI MINHANG URBA       5.63      04/20/22      CNY    20.14
SHANGHAI MINHANG URBA       5.63      04/20/22      CNY    20.48
SHANGHAI MUNICIPAL IN       4.80      11/05/24      CNY    45.79
SHANGHAI MUNICIPAL IN       4.80      11/05/24      CNY    46.01
SHANGHAI SHIMAO CO LT       3.60      03/05/23      CNY    48.00
SHANGHAI SHIMAO JIANS       3.23      03/25/25      CNY    82.00
SHANGHAI URBAN CONSTR       3.50      01/06/23      CNY    40.00
SHANGHAI URBAN CONSTR       3.50      01/06/23      CNY    40.03
SHANGRAO CITY STATE-O       4.65      01/29/23      CNY    39.97
SHANGRAO CITY STATE-O       4.65      01/29/23      CNY    40.42
SHANTOU CITY CONSTRUC       8.57      03/23/22      CNY    15.28
SHANTOU CITY CONSTRUC       8.57      03/23/22      CNY    15.28
SHANTOU INVESTMENT HO       7.99      03/04/24      CNY    44.60
SHANTOU INVESTMENT HO       7.99      03/04/24      CNY    47.57
SHANXI INTERNATIONAL        5.88      05/24/22      CNY    29.40
SHANXI XIANG KUANG GR       8.80      02/11/22      CNY    24.50
SHANXI XIANG KUANG GR       8.80      02/11/22      CNY    40.40
SHAODONG NEW AREA DEV       7.10      04/19/24      CNY    62.69
SHAODONG NEW AREA DEV       7.10      04/19/24      CNY    62.70
SHAOGUAN URBAN INVEST       3.67      10/25/24      CNY    54.87
SHAOGUAN URBAN INVEST       3.67      10/25/24      CNY    54.97
SHAOWU URBAN CONSTRUC       5.88      09/11/22      CNY    20.03
SHAOWU URBAN CONSTRUC       5.88      09/11/22      CNY    23.39
SHAOXING CHENGZHONGCU       6.09      04/27/22      CNY    20.18
SHAOXING CITY INVESTM       5.75      04/17/22      CNY    20.27
SHAOXING CITY INVESTM       5.75      04/17/22      CNY    28.00
SHAOXING JINGHU NEW D       6.13      04/30/22      CNY    20.19
SHAOXING JINGHU NEW D       6.13      04/30/22      CNY    20.20
SHAOXING KEQIAO CITY        3.64      09/19/23      CNY    40.01
SHAOXING KEQIAO CITY        3.64      09/19/23      CNY    40.10
SHAOXING KEQIAO CITY        5.74      08/03/24      CNY    60.00
SHAOXING KEQIAO CITY        5.74      08/03/24      CNY    62.03
SHAOXING KEQIAO ECONO       7.00      12/10/21      CNY    20.00
SHAOXING KEQIAO ECONO       7.00      12/10/21      CNY    20.05
SHAOXING KEYAN CONSTR       6.28      03/24/22      CNY    20.00
SHAOXING KEYAN CONSTR       6.28      03/24/22      CNY    20.21
SHAOXING SHANGYU ECON       4.76      04/11/23      CNY    40.32
SHAOXING SHANGYU ECON       4.76      04/11/23      CNY    40.42
SHAOYANG BAOQING INDU       5.78      07/04/26      CNY    62.45
SHAOYANG CITY CONSTRU       5.98      09/01/24      CNY    60.00
SHAOYANG CITY CONSTRU       5.98      09/01/24      CNY    60.19
SHAOYANG DULIANG INVE       5.50      04/13/23      CNY    38.72
SHAOYANG DULIANG INVE       5.50      04/13/23      CNY    40.15
SHENGZHOU INVESTMENT        5.35      07/20/24      CNY    61.93
SHENGZHOU INVESTMENT        5.35      07/20/24      CNY    62.30
SHENYANG DADONG STATE       6.05      03/20/22      CNY    20.00
SHENYANG DADONG STATE       6.05      03/20/22      CNY    20.09
SHENYANG ECONOMIC AFF       7.17      04/29/22      CNY    20.27
SHENYANG ECONOMIC AFF       7.17      04/29/22      CNY    20.30
SHENYANG TIEXI STATE-       6.00      01/14/22      CNY    20.05
SHENYANG TIEXI STATE-       6.00      01/14/22      CNY    27.50
SHENZHEN METRO GROUP        5.40      03/25/23      CNY    30.53
SHENZHEN METRO GROUP        5.40      03/25/23      CNY    30.63
SHENZHEN METRO GROUP        6.75      01/24/24      CNY    46.80
SHIJIAZHUANG HUTUO NE       5.28      12/24/25      CNY    55.00
SHIJIAZHUANG HUTUO NE       5.28      12/24/25      CNY    56.20
SHIJIAZHUANG STATE-OW       5.75      04/09/22      CNY    20.15
SHIJIAZHUANG STATE-OW       5.75      04/09/22      CNY    27.20
SHISHI CITY CONSTRUCT       6.10      05/04/22      CNY    20.16
SHISHI CITY CONSTRUCT       6.10      05/04/22      CNY    20.20
SHISHOU BOYA CITY CON       6.98      06/15/24      CNY    61.82
SHIYAN ECO DEVELOPMEN       3.98      08/05/23      CNY    39.50
SHIYAN ECO DEVELOPMEN       3.98      08/05/23      CNY    39.66
SHIYAN STATE-OWNED CA       4.88      01/11/26      CNY    70.98
SHIYAN STATE-OWNED CA       4.88      01/11/26      CNY    71.00
SHIYAN YUNYANG INVEST       6.40      07/10/24      CNY    61.37
SHIZHU TUJIA HONGSHEN       7.00      11/13/24      CNY    64.00
SHOU COUNTY STATE-OWN       6.20      10/13/24      CNY    60.00
SHOU COUNTY STATE-OWN       6.20      10/13/24      CNY    60.87
SHUCHENG COUNTY URBAN       5.50      04/29/23      CNY    40.66
SHUCHENG COUNTY URBAN       5.50      04/29/23      CNY    40.66
SHUYANG JINGYUAN ASSE       5.49      09/11/22      CNY    20.18
SHUYANG JINGYUAN ASSE       5.49      09/11/22      CNY    20.20
SICHUAN CHENG'A DEVEL       7.50      11/06/24      CNY    63.55
SICHUAN COAL GASIFICA       7.00      04/18/23      CNY    40.65
SICHUAN COAL INDUSTRY       7.70      01/09/18      CNY    45.00
SICHUAN JINCAI JINXIN       7.08      07/31/24      CNY    59.68
SICHUAN JINCAI JINXIN       7.08      07/31/24      CNY    62.00
SICHUAN LANGUANG DEVE       7.50      07/11/21      CNY    12.63
SICHUAN LANGUANG DEVE       6.50      07/29/21      CNY    12.63
SICHUAN LANGUANG DEVE       7.50      08/12/21      CNY    12.63
SICHUAN LANGUANG DEVE       7.40      09/14/21      CNY    30.45
SICHUAN LANGUANG DEVE       7.50      07/23/22      CNY    42.00
SICHUAN LANGUANG DEVE       7.00      09/29/22      CNY    12.63
SICHUAN LANGUANG DEVE       7.00      10/26/22      CNY    12.63
SICHUAN LANGUANG DEVE       7.50      11/22/22      CNY    12.63
SICHUAN LANGUANG DEVE       7.20      03/11/23      CNY    12.63
SICHUAN LANGUANG DEVE       7.15      03/16/23      CNY    24.00
SICHUAN LANGUANG DEVE       7.20      05/11/23      CNY    12.63
SICHUAN LANGZHONG FAM       5.60      04/19/23      CNY    39.87
SICHUAN LANGZHONG FAM       5.60      04/19/23      CNY    40.20
SICHUAN LONGYANG TIAN       5.45      05/27/23      CNY    39.92
SICHUAN LONGYANG TIAN       5.45      05/27/23      CNY    40.17
SICHUAN NAXING INDUST       6.80      08/18/22      CNY    25.09
SICHUAN NAXING INDUST       4.68      03/31/23      CNY    38.76
SICHUAN NAXING INDUST       4.68      03/31/23      CNY    39.25
SICHUAN QINBA NEWCITY       6.68      07/07/24      CNY    58.74
SICHUAN QINBA NEWCITY       6.68      07/07/24      CNY    60.00
SICHUAN QINBA NEWCITY       6.91      07/25/24      CNY    59.16
SICHUAN QINBA NEWCITY       6.91      07/25/24      CNY    60.00
SICHUAN RENSHOU XINLO       7.00      06/27/24      CNY    61.90
SICHUAN TIANYIN INDUS       6.79      03/25/22      CNY    20.07
SICHUAN TIANYIN INDUS       6.79      03/25/22      CNY    28.00
SIHONG COUNTY HONG YU       6.15      03/16/22      CNY    20.06
SIHONG COUNTY HONG YU       6.15      03/16/22      CNY    20.35
SIHUI STATE OWNED ASS       4.59      01/14/23      CNY    39.66
SIHUI STATE OWNED ASS       4.59      01/14/23      CNY    40.29
SIYANG COUNTY MINKANG       4.94      01/21/23      CNY    40.35
SIYANG COUNTY MINKANG       4.94      01/21/23      CNY    40.56
SIYANG COUNTY MINKANG       7.40      07/31/24      CNY    61.38
SIYANG COUNTY MINKANG       7.40      07/31/24      CNY    62.33
SONGYUAN URBAN DEVELO       5.79      12/04/21      CNY    19.97
SONGYUAN URBAN DEVELO       5.79      12/04/21      CNY    20.78
SUINING COUNTY RUNQI        5.42      11/20/22      CNY    40.00
SUINING COUNTY RUNQI        5.42      11/20/22      CNY    40.01
SUINING COUNTY RUNQI        6.78      11/02/24      CNY    59.70
SUINING COUNTY RUNQI        6.78      11/02/24      CNY    80.63
SUINING FUYUAN INDUST       6.39      03/17/22      CNY    19.99
SUINING FUYUAN INDUST       6.39      03/17/22      CNY    24.18
SUINING FUYUAN INDUST       5.34      12/02/23      CNY    57.88
SUINING FUYUAN INDUST       5.34      12/02/23      CNY    60.18
SUINING KAIDA INVESTM       4.89      04/08/23      CNY    38.78
SUINING KAIDA INVESTM       4.89      04/08/23      CNY    39.01
SUINING ROUGANG INVES       5.65      01/24/24      CNY    60.32
SUINING ROUGANG INVES       6.80      08/02/24      CNY    61.74
SUINING ROUGANG INVES       6.80      08/02/24      CNY    61.75
SUINING TIANTAI INDUS       5.98      03/28/24      CNY    59.10
SUINING TIANTAI INDUS       5.98      03/28/24      CNY    60.84
SUINING TIANTAI INDUS       6.80      11/01/24      CNY    75.00
SUIZHOU DEVELOPMENT I       5.70      04/07/24      CNY    60.54
SUIZHOU DEVELOPMENT I       5.70      04/07/24      CNY    60.91
SUIZHOU DEVELOPMENT I       5.97      09/15/24      CNY    60.00
SUIZHOU DEVELOPMENT I       5.97      09/15/24      CNY    61.43
SUIZHOU HIGH-TECH IND       4.47      03/25/23      CNY    39.70
SUIZHOU HIGH-TECH IND       4.47      03/25/23      CNY    39.81
SUIZHOU YULONG WATER        6.10      03/28/23      CNY    42.51
SUNAC REAL ESTATE GRO       5.60      05/27/25      CNY    67.00
SUNING APPLIANCE GROU       7.30      02/02/23      CNY    27.11
SUQIAN CITY CONSTRUCT       5.30      07/11/24      CNY    61.80
SUQIAN CITY CONSTRUCT       5.30      07/11/24      CNY    61.87
SUQIAN ECONOMIC DEVEL       5.40      04/20/24      CNY    61.39
SUQIAN ECONOMIC DEVEL       5.40      04/20/24      CNY    61.88
SUQIAN HUBIN XINCHENG       6.85      08/02/24      CNY    57.54
SUQIAN HUBIN XINCHENG       6.85      08/02/24      CNY    60.00
SUQIAN HUBIN XINCHENG       6.93      08/25/24      CNY    56.91
SUQIAN HUBIN XINCHENG       6.93      08/25/24      CNY    60.00
SUQIAN YUFENG ASSET M       5.50      04/21/24      CNY    60.43
SUQIAN YUFENG ASSET M       5.50      04/21/24      CNY    64.26
SUZHOU CITY CONSTRUCT       3.89      03/24/23      CNY    40.14
SUZHOU CITY CONSTRUCT       3.89      03/24/23      CNY    40.17
SUZHOU CITY HENGCHENG       4.40      03/01/23      CNY    39.60
SUZHOU CITY HENGCHENG       4.40      03/01/23      CNY    39.99
SUZHOU MAANSHAN INVES       6.10      08/03/24      CNY    62.29
SUZHOU MAANSHAN INVES       6.10      08/03/24      CNY    62.30
SUZHOU NEW & HIGH-TEC       4.18      03/23/23      CNY    39.96
SUZHOU NEW & HIGH-TEC       4.18      03/23/23      CNY    40.27
SUZHOU NEW AREA CONST       5.98      08/04/24      CNY    60.00
SUZHOU NEW AREA CONST       5.98      08/04/24      CNY    60.96
SUZHOU WUJIANG DISTRI       5.25      07/08/22      CNY    20.31
SUZHOU WUZHONG CITY C       5.90      11/06/24      CNY    61.05
TAIAN TAISHAN HOLDING       5.50      04/26/23      CNY    40.16
TAIAN TAISHAN HOLDING       5.50      04/26/23      CNY    40.24
TAICANG SCIENCE EDUCA       5.54      08/28/22      CNY    20.29
TAICANG SCIENCE EDUCA       5.54      08/28/22      CNY    24.60
TAIHE STATE OWN ASSET       5.87      08/07/24      CNY    60.86
TAIHE STATE OWN ASSET       5.87      08/07/24      CNY    63.35
TAIXING HONGQIAO PARK       5.03      10/29/22      CNY    19.60
TAIXING HONGQIAO PARK       5.03      10/29/22      CNY    19.64
TAIZHOU CITY CONSTRUC       6.92      10/16/23      CNY    31.41
TAIZHOU CITY HUANGYAN       6.10      08/01/24      CNY    62.37
TAIZHOU CITY HUANGYAN       6.10      08/01/24      CNY    63.60
TAIZHOU CITY HUANGYAN       6.22      09/14/24      CNY    59.38
TAIZHOU CITY HUANGYAN       6.22      09/14/24      CNY    62.65
TAIZHOU GAOGANG HI-TE       5.54      06/22/24      CNY    61.66
TAIZHOU GAOGANG HI-TE       5.54      06/22/24      CNY    63.70
TAIZHOU HAILING CITY        4.60      12/14/22      CNY    40.00
TAIZHOU HAILING CITY        4.60      12/14/22      CNY    40.28
TAIZHOU JIAOJIANG STA       6.18      07/06/22      CNY    20.39
TAIZHOU JIAOJIANG STA       6.18      07/06/22      CNY    24.00
TAIZHOU JINDONG URBAN       5.10      06/02/23      CNY    40.03
TAIZHOU JINDONG URBAN       5.10      06/02/23      CNY    40.05
TAIZHOU XINTAI GROUP        4.07      03/23/23      CNY    39.99
TAIZHOU XINTAI GROUP        4.07      03/23/23      CNY    40.15
TIANCHANG CITY CONSTR       4.99      12/05/23      CNY    57.23
TIANCHANG CITY CONSTR       4.99      12/05/23      CNY    59.97
TIANJIN BINHAI NEW AR       6.10      11/23/21      CNY    24.12
TIANJIN BOHAI STATE-O       3.82      04/18/23      CNY    38.10
TIANJIN BOHAI STATE-O       3.82      04/18/23      CNY    38.39
TIANJIN BOHAI STATE-O       4.10      04/18/26      CNY    63.33
TIANJIN BOHAI STATE-O       4.10      04/18/26      CNY    70.00
TIANJIN DONGFANG CAIX       5.19      01/29/22      CNY    19.86
TIANJIN DONGFANG CAIX       7.99      08/01/24      CNY    66.58
TIANJIN DONGLI CITY I       4.28      12/02/22      CNY    40.20
TIANJIN ECONOMIC TECH       6.50      12/03/22      CNY    29.63
TIANJIN ECONOMIC TECH       6.50      12/03/22      CNY    30.15
TIANJIN GUANGCHENG IN       6.97      02/22/23      CNY    30.48
TIANJIN HUANCHENG URB       5.75      04/27/22      CNY    20.12
TIANJIN HUANCHENG URB       5.75      04/27/22      CNY    20.50
TIANJIN INFRASTRUCTUR       5.70      02/26/23      CNY    24.22
TIANJIN INFRASTRUCTUR       5.70      02/26/23      CNY    30.44
TIANJIN INFRASTRUCTUR       4.64      05/21/29      CNY    71.20
TIANJIN METRO GROUP C       4.27      10/16/25      CNY    60.15
TIANJIN METRO GROUP C       4.27      10/16/25      CNY    64.00
TIANJIN NINGHE INVEST       5.50      04/22/23      CNY    38.89
TIANJIN NINGHE INVEST       5.50      04/22/23      CNY    40.21
TIANJIN RAILWAY CONST       5.58      04/13/25      CNY    59.95
TIANJIN REAL ESTATE G       4.50      09/29/20      USD    73.75
TIANJIN WUQING STATE-       4.15      11/17/22      CNY    40.11
TIANJIN WUQING STATE-       4.15      11/17/22      CNY    40.25
TIANMEN CITY CONSTRUC       3.98      11/15/23      CNY    59.86
TIANMEN CITY CONSTRUC       3.98      11/15/23      CNY    60.07
TONGLING CONSTRUCTION       4.12      03/14/23      CNY    40.00
TONGLING CONSTRUCTION       4.12      03/14/23      CNY    40.17
TONGLING CONSTRUCTION       5.77      07/31/24      CNY    60.00
TONGLING CONSTRUCTION       5.77      07/31/24      CNY    61.94
TONGLING CONSTRUCTION       5.80      08/16/24      CNY    61.03
TONGLING CONSTRUCTION       5.80      08/16/24      CNY    62.07
TSINGHUA HOLDINGS COR       4.95      08/08/22      CNY    36.40
TSINGHUA UNIGROUP CO        5.60      11/15/20      CNY    25.50
TSINGHUA UNIGROUP CO        6.20      03/16/21      CNY    25.50
TSINGHUA UNIGROUP CO        6.15      12/26/21      CNY    25.50
TSINGHUA UNIGROUP CO        4.94      03/25/22      CNY    16.55
TSINGHUA UNIGROUP CO        5.85      03/27/22      CNY    16.88
TSINGHUA UNIGROUP CO        6.00      08/14/22      CNY    25.50
TSINGHUA UNIGROUP CO        5.20      12/10/23      CNY    11.65
TSINGHUA UNIGROUP CO        5.11      01/25/24      CNY    13.00
TULUFAN DISTRICT STAT       6.20      03/19/22      CNY    20.10
TULUFAN DISTRICT STAT       6.20      03/19/22      CNY    20.19
TUNGHSU GROUP CO LTD        6.55      03/13/22      CNY    45.00
ULANQAB CITY INVESTME       8.39      04/25/22      CNY    25.29
URUMQI ECO&TECH DEVEL       6.40      04/13/22      CNY    20.00
URUMQI ECO&TECH DEVEL       6.40      04/13/22      CNY    20.16
WANGCHENG ECONOMIC DE       6.57      01/22/22      CNY    20.15
WANGCHENG ECONOMIC DE       6.57      01/22/22      CNY    28.81
WANGCHENG ECONOMIC DE       3.75      07/13/23      CNY    40.30
WANGCHENG ECONOMIC DE       3.75      07/13/23      CNY    40.32
WEICHI HOLDING GROUP        6.18      07/24/24      CNY    60.00
WEICHI HOLDING GROUP        6.18      07/24/24      CNY    61.10
WEIFANG GONGXIN STATE       5.00      07/13/26      CNY    69.77
WEIFANG GONGXIN STATE       5.00      07/13/26      CNY    69.94
WEIHAI CENTRAL CITY S       6.05      11/02/24      CNY    60.00
WEIHAI CENTRAL CITY S       6.05      11/02/24      CNY    61.13
WEIHAI CITY SHUANGDAO       5.32      04/28/24      CNY    60.30
WEIHAI CITY SHUANGDAO       5.32      04/28/24      CNY    61.02
WEIHAI ECONOMIC TECHN       5.80      08/23/24      CNY    60.00
WEIHAI ECONOMIC TECHN       5.80      08/23/24      CNY    60.86
WEIHAI LANCHUANG CONS       4.80      12/17/22      CNY    39.25
WEIHAI LANCHUANG CONS       4.80      12/17/22      CNY    39.39
WEIHAI URBAN CONSTRUC       3.33      03/02/23      CNY    38.40
WEIHAI URBAN CONSTRUC       3.33      03/02/23      CNY    40.21
WEIHAI WENDENG DISTRI       3.64      10/26/23      CNY    39.10
WEIHAI WENDENG DISTRI       3.64      10/26/23      CNY    39.30
WEIHAI WENDENG URBAN        4.80      05/26/23      CNY    39.19
WEIHAI WENDENG URBAN        4.80      05/26/23      CNY    39.89
WEINAN CITY INVESTMEN       6.09      03/11/22      CNY    20.00
WEINAN CITY INVESTMEN       6.09      03/11/22      CNY    20.09
WENDENG GOLDEN BEACH        3.97      03/21/23      CNY    39.49
WENDENG GOLDEN BEACH        3.97      03/21/23      CNY    39.68
WENS FOODSTUFFS GROUP       3.26      10/29/30      USD    72.42
WENSHAN URBAN CONSTRU       4.50      09/13/23      CNY    37.12
WENSHAN URBAN CONSTRU       4.50      09/13/23      CNY    39.74
WENZHOU CITY CONSTRUC       4.05      01/25/23      CNY    40.22
WENZHOU CITY CONSTRUC       4.05      01/25/23      CNY    40.25
WENZHOU CITY CONSTRUC       5.00      04/26/23      CNY    40.58
WENZHOU CITY CONSTRUC       5.00      04/26/23      CNY    40.73
WENZHOU GANGCHENG DEV       5.19      03/29/23      CNY    40.35
WENZHOU GANGCHENG DEV       5.19      03/29/23      CNY    40.38
WENZHOU HIGH-TECH IND       5.90      09/18/24      CNY    56.50
WENZHOU HIGH-TECH IND       5.90      09/18/24      CNY    61.95
WENZHOU MINKE INDUSTR       6.44      07/18/24      CNY    60.00
WENZHOU MINKE INDUSTR       6.44      07/18/24      CNY    60.76
WENZHOU OUHAI NEW CIT       3.98      10/26/23      CNY    39.42
WENZHOU OUHAI NEW CIT       3.98      10/26/23      CNY    40.33
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 DIS       5.48      04/19/24      CNY    61.37
WUHAN GUOYU LOGISTICS       7.00      08/06/16      CNY     1.00
WUHAN HONGSHAN CITY C       5.68      08/10/24      CNY    60.67
WUHAN HONGSHAN CITY C       5.68      08/10/24      CNY    61.95
WUHAN HONGSHAN CITY C       5.68      10/12/24      CNY    60.65
WUHAN HONGSHAN CITY C       5.68      10/12/24      CNY    61.70
WUHAN JIANGXIA URBAN        4.80      06/03/23      CNY    40.31
WUHAN JIANGXIA URBAN        4.80      06/03/23      CNY    40.31
WUHAN METRO GROUP CO        5.25      04/14/22      CNY    20.13
WUHAN METRO GROUP CO        5.25      04/14/22      CNY    20.37
WUHAN QIAOKOU STATE O       3.48      08/29/23      CNY    38.93
WUHAN QIAOKOU STATE O       3.48      08/29/23      CNY    39.88
WUHAN URBAN CONSTRUCT       4.99      06/15/24      CNY    75.00
WUHU COMMUNICATIONS I       4.50      04/28/23      CNY    40.20
WUHU COMMUNICATIONS I       4.50      04/28/23      CNY    40.54
WUHU COMMUNICATIONS I       3.58      09/23/23      CNY    39.32
WUHU COMMUNICATIONS I       3.58      09/23/23      CNY    40.13
WUHU COUNTY CONSTRUCT       6.60      12/08/21      CNY    20.05
WUHU COUNTY CONSTRUCT       6.60      12/08/21      CNY    20.05
WUHU JINGHU CONSTRUCT       4.37      07/20/23      CNY    40.13
WUHU JINGHU CONSTRUCT       4.37      07/20/23      CNY    40.24
WUHU JIUJIANG CONSTRU       3.96      03/21/23      CNY    40.09
WUHU XINMA INVESTMENT       4.87      11/04/22      CNY    20.21
WUSHENG CITY INVESTME       7.05      11/03/24      CNY    58.50
WUSHENG CITY INVESTME       7.05      11/03/24      CNY    59.52
WUXI EAST SCIENCE & T       5.73      09/14/24      CNY    60.00
WUXI EAST SCIENCE & T       5.73      09/14/24      CNY    62.24
WUXI FOOD SCIENCE PAR       5.70      09/28/24      CNY    62.00
WUXI FOOD SCIENCE PAR       5.70      09/28/24      CNY    62.07
WUXI HUIKAI ECONOMIC        4.16      04/08/23      CNY    39.83
WUXI HUIKAI ECONOMIC        4.16      04/08/23      CNY    40.32
WUXI TAIHU NEW CITY D       4.49      05/03/23      CNY    40.30
WUXI TAIHU NEW CITY D       4.49      05/03/23      CNY    40.30
WUXI TAIHU NEW CITY D       3.47      08/29/23      CNY    39.50
WUXI TAIHU NEW CITY D       3.47      08/29/23      CNY    39.89
WUXI XIDONG NEW TOWN        3.92      11/09/23      CNY    40.25
WUXI XIDONG NEW TOWN        3.92      11/09/23      CNY    60.22
WUYANG CONSTRUCTION G       7.80      09/11/20      CNY    32.48
XIAMEN YUZHOU GRAND F       7.50      04/03/24      CNY    37.99
XIAN FENGDONG DEVELOP       4.67      01/08/23      CNY    39.90
XIAN FENGDONG DEVELOP       4.67      01/08/23      CNY    39.93
XI'AN PIONEERING PARK       6.20      05/02/24      CNY    60.28
XI'AN PIONEERING PARK       6.20      05/02/24      CNY    61.78
XIANGSHUI GUANJIANG H       4.98      12/24/22      CNY    38.00
XIANGSHUI GUANJIANG H       4.98      12/24/22      CNY    39.19
XIANGTAN CITY INFRAST       3.95      08/04/23      CNY    36.72
XIANGTAN CITY INFRAST       3.95      08/04/23      CNY    37.55
XIANGTAN CITY INFRAST       3.60      08/04/23      CNY    38.82
XIANGTAN JIUHUA ECONO       6.59      01/21/22      CNY    19.84
XIANGTAN JIUHUA ECONO       5.00      07/25/26      CNY    57.40
XIANGTAN JIUHUA ECONO       5.00      07/25/26      CNY    69.05
XIANGTAN WANLOU XINCH       6.90      01/14/22      CNY    19.80
XIANGTAN WANLOU XINCH       6.90      01/14/22      CNY    20.00
XIANGXIANG CITY DONGS       6.20      08/03/24      CNY    60.38
XIANGXIANG CITY DONGS       6.20      08/03/24      CNY    61.21
XIANGXIANG ECONOMIC D       5.28      09/09/23      CNY    37.44
XIANGXIANG ECONOMIC D       5.28      09/09/23      CNY    38.28
XIANGXIANG URBAN CONS       5.84      05/18/23      CNY    39.94
XIANGXIANG URBAN CONS       5.84      05/18/23      CNY    40.07
XIANGXIANG URBAN CONS       7.50      10/27/24      CNY    60.00
XIANGXIANG URBAN CONS       7.50      10/27/24      CNY    62.91
XIANGYANG CITY XIANGZ       5.18      04/28/23      CNY    40.10
XIANGYANG CITY XIANGZ       5.18      04/28/23      CNY    40.39
XIANGYANG HIGH TECH S       6.25      06/12/24      CNY    62.22
XIANGYANG HIGH TECH S       6.25      06/12/24      CNY    62.26
XIANGYANG STATE-OWNED       4.62      01/25/23      CNY    39.85
XIANGYANG STATE-OWNED       4.62      01/25/23      CNY    39.85
XIANGYANG STATE-OWNED       6.10      07/19/24      CNY    60.00
XIANGYANG STATE-OWNED       6.10      07/19/24      CNY    60.50
XIANNING HIGH-TECH IN       6.29      02/10/22      CNY    20.10
XIANNING HIGH-TECH IN       6.29      02/10/22      CNY    20.56
XIANNING HIGH-TECH IN       6.60      06/01/27      CNY    71.40
XIANNING HIGH-TECH IN       6.60      06/01/27      CNY    72.61
XIANTAO CITY CONSTRUC       4.59      04/18/23      CNY    40.29
XIANTAO CITY CONSTRUC       4.59      04/18/23      CNY    40.30
XIAOCHANG SHUNHE DEVE       4.15      10/17/23      CNY    39.20
XIAOXIAN COUNTY DEVEL       4.85      06/22/23      CNY    39.98
XIAOXIAN COUNTY DEVEL       4.85      06/22/23      CNY    40.48
XINDONGGANG HOLDING G       5.53      04/27/23      CNY    39.65
XINDONGGANG HOLDING G       5.53      04/27/23      CNY    39.80
XINGAN COUNTY URBAN C       5.48      08/03/23      CNY    38.98
XINGAN COUNTY URBAN C       5.48      08/03/23      CNY    40.16
XINGAN LEAGUE URBAN D       6.18      12/21/22      CNY    26.94
XINGAN LEAGUE URBAN D       6.18      12/21/22      CNY    28.37
XINGHUA CITY ECONOMIC       5.28      06/13/22      CNY    25.02
XINGNING YONGYE INFRA       5.99      07/24/24      CNY    60.00
XINGNING YONGYE INFRA       5.99      07/24/24      CNY    61.73
XINGYI XINHENG URBAN        5.40      12/16/22      CNY    18.40
XINGYI XINHENG URBAN        5.40      12/16/22      CNY    40.03
XINJIANG UYGUR AR HAM       6.55      10/27/24      CNY    60.00
XINJIANG UYGUR AR HAM       6.55      10/27/24      CNY    82.17
XINJIN NEW CITY DEVEL       7.30      10/23/24      CNY    60.00
XINJIN NEW CITY DEVEL       7.30      10/23/24      CNY    61.16
XINMI CAIYUAN CITY CO       4.35      02/28/23      CNY    39.98
XINMI CAIYUAN CITY CO       4.35      02/28/23      CNY    40.00
XINTAI CITY COORDINAT       6.35      03/23/22      CNY    20.05
XINTAI CITY COORDINAT       6.35      03/23/22      CNY    20.75
XINYI CITY INVESTMENT       4.30      01/19/23      CNY    39.47
XINYI CITY INVESTMENT       4.30      01/19/23      CNY    40.00
XINYI ECONOMIC DEVELO       6.66      09/27/24      CNY    54.50
XINYI ECONOMIC DEVELO       6.66      09/27/24      CNY    59.20
XINYI URBAN TRANSPORT       6.14      02/06/22      CNY    20.16
XINYI URBAN TRANSPORT       6.14      02/06/22      CNY    20.34
XINYI URBAN TRANSPORT       5.35      04/24/24      CNY    61.04
XINYI URBAN TRANSPORT       5.35      04/24/24      CNY    62.57
XINYU CITY SHANTYTOWN       6.50      11/13/22      CNY    70.32
XINYU CITY YUSHUI DIS       7.70      06/24/22      CNY    20.35
XINYU CITY YUSHUI DIS       7.70      06/24/22      CNY    20.44
XISHUI COUNTY FENGZHU       6.52      07/28/24      CNY    61.53
XISHUI COUNTY FENGZHU       6.52      07/28/24      CNY    62.50
XIWANG GROUP CO LTD         7.80      12/03/22      CNY    49.94
XUANCHENG STATE-OWNED       4.12      04/07/23      CNY    40.29
XUANCHENG STATE-OWNED       4.12      04/07/23      CNY    40.36
XUCHANG GENERAL INVES       5.74      08/17/24      CNY    60.16
XUZHOU CITY JIAWANG C       4.00      03/23/23      CNY    40.07
XUZHOU CITY TONGSHAN        5.23      09/18/22      CNY    20.00
XUZHOU CITY TONGSHAN        5.23      09/18/22      CNY    20.34
XUZHOU HI-TECH INDUST       3.78      11/11/23      CNY    59.89
XUZHOU HI-TECH INDUST       3.78      11/11/23      CNY    60.10
XUZHOU XINSHENG INVES       5.13      08/12/22      CNY    20.34
XUZHOU XINSHENG INVES       5.13      08/12/22      CNY    24.46
YAN'AN NEW CITY CONST       5.60      04/21/24      CNY    60.62
YANCHENG GUANDONG ECO       6.42      05/16/24      CNY    60.29
YANCHENG GUANDONG ECO       6.42      05/16/24      CNY    60.80
YANCHENG HIGH-TECH ZO       3.90      12/14/22      CNY    40.00
YANCHENG HIGH-TECH ZO       3.90      12/14/22      CNY    40.04
YANCHENG YANDU DISTRI       3.67      03/17/23      CNY    39.18
YANCHENG YANDU DISTRI       3.67      03/17/23      CNY    39.76
YANGJIANG HENGCAI CIT       6.24      04/14/22      CNY    20.24
YANGJIANG HENGCAI CIT       6.24      04/14/22      CNY    21.20
YANGO GROUP CO LTD          7.50      03/22/22      CNY    19.45
YANGO GROUP CO LTD          7.40      03/24/22      CNY    17.86
YANGO GROUP CO LTD          6.90      10/31/22      CNY    20.15
YANGO GROUP CO LTD          6.95      04/24/24      CNY    25.30
YANGO GROUP CO LTD          7.00      08/24/24      CNY    23.50
YANGO GROUP CO LTD          6.80      10/28/24      CNY    20.35
YANGO GROUP CO LTD          6.67      10/14/25      CNY    22.00
YANGO JUSTICE INTERNA       5.30      01/11/22      USD    24.86
YANGO JUSTICE INTERNA      10.25      03/18/22      USD    23.11
YANGO JUSTICE INTERNA      10.00      02/12/23      USD    90.00
YANGO JUSTICE INTERNA       9.25      04/15/23      USD    22.39
YANGO JUSTICE INTERNA       8.25      11/25/23      USD    22.62
YANGO JUSTICE INTERNA       7.50      04/15/24      USD    22.38
YANGO JUSTICE INTERNA       7.88      09/04/24      USD    22.68
YANGO JUSTICE INTERNA       7.50      02/17/25      USD    22.58
YANGXIN TOWN CONSTRUC       6.50      04/26/24      CNY    62.24
YANGXIN TOWN CONSTRUC       6.50      04/26/24      CNY    62.24
YANGZHONG TRANSPORTAT       4.95      04/07/23      CNY    39.79
YANGZHONG TRANSPORTAT       4.95      04/07/23      CNY    39.97
YANGZHONG TRANSPORTAT       4.98      04/07/23      CNY    40.43
YANGZHONG TRANSPORTAT       4.98      04/07/23      CNY    40.68
YANGZHOU ECONOMIC & T       5.28      07/06/24      CNY    61.11
YANGZHOU ECONOMIC & T       5.28      07/06/24      CNY    62.40
YANGZHOU GUANGLING NE       3.62      09/07/23      CNY    38.63
YANGZHOU GUANGLING NE       3.62      09/07/23      CNY    39.02
YANGZHOU HANJIANG CON       5.88      06/15/22      CNY    20.25
YANGZHOU HANJIANG CON       5.88      06/15/22      CNY    26.63
YANGZHOU NEW MATERIAL       6.80      10/09/24      CNY    60.00
YANGZHOU NEW MATERIAL       6.80      10/09/24      CNY    61.96
YI CHENG CONSTRUCTION       5.44      04/27/23      CNY    39.78
YI ZHENG CITY DEVELOP       4.63      01/08/23      CNY    40.00
YI ZHENG CITY DEVELOP       4.63      01/08/23      CNY    40.25
YICHANG HIGH-TECH INV       4.80      12/15/22      CNY    40.00
YICHANG HIGH-TECH INV       4.80      12/15/22      CNY    40.34
YICHANG HIGH-TECH INV       3.74      07/21/23      CNY    39.44
YICHANG HIGH-TECH INV       3.74      07/21/23      CNY    40.13
YICHANG HIGH-TECH INV       6.10      05/18/24      CNY    61.03
YICHANG HIGH-TECH INV       6.10      05/18/24      CNY    61.80
YICHANG WUJIA NEW CIT       6.50      04/20/24      CNY    61.24
YICHANG WUJIA NEW CIT       6.50      04/20/24      CNY    61.28
YICHUN VENTURE CAPITA       6.70      03/23/22      CNY    20.00
YICHUN VENTURE CAPITA       6.70      03/23/22      CNY    20.18
YIHUA ENTERPRISE GROU       7.00      04/29/22      CNY    54.00
YIHUA LIFESTYLE TECHN       6.88      07/16/20      CNY    35.90
YIHUA LIFESTYLE TECHN       6.88      07/23/20      CNY    35.00
YINGCHENG CITY PUYANG       6.50      04/14/24      CNY    60.32
YINGCHENG CITY PUYANG       6.50      04/14/24      CNY    61.24
YINGKOU BEIHAI NEW CI       7.19      07/12/24      CNY    59.83
YINGKOU BEIHAI NEW CI       7.19      07/12/24      CNY    61.47
YINGKOU COASTAL DEVEL       6.45      01/26/22      CNY    20.06
YINGKOU ECO & TECH DE       5.20      08/05/23      CNY    39.76
YINGKOU ECO & TECH DE       5.20      08/05/23      CNY    39.78
YINGKOU ECO & TECH DE       6.98      04/19/24      CNY    59.84
YINGKOU ECO & TECH DE       6.98      04/19/24      CNY    61.08
YINGKOU LAOBIAN CITY        5.63      12/16/22      CNY    40.20
YINGKOU LAOBIAN CITY        4.98      03/11/23      CNY    37.79
YINGKOU LAOBIAN CITY        4.98      03/11/23      CNY    40.00
YINGTAN JUNENG INVEST       6.75      07/31/22      CNY    20.39
YINGTAN JUNENG INVEST       6.75      07/31/22      CNY    21.18
YINGTAN STATE-OWNED A       7.50      12/12/22      CNY    30.62
YINGTAN STATE-OWNED A       7.50      12/12/22      CNY    30.63
YINING CITY STATE OWN       5.37      09/24/22      CNY    19.40
YINING CITY STATE OWN       5.37      09/24/22      CNY    19.85
YIWU CITY CONSTRUCTIO       4.31      12/07/22      CNY    40.26
YIWU CITY CONSTRUCTIO       4.31      12/07/22      CNY    40.40
YIWU CITY CONSTRUCTIO       5.48      08/18/24      CNY    60.00
YIWU CITY CONSTRUCTIO       5.48      08/18/24      CNY    62.04
YIWU URBAN & RURAL NE       4.25      11/24/21      CNY    25.00
YIXING CITY CONSTRUCT       6.16      03/30/22      CNY    20.00
YIXING CITY CONSTRUCT       6.16      03/30/22      CNY    20.18
YIYANG ADVANCED INDUS       7.00      03/30/22      CNY    20.19
YIYANG ADVANCED INDUS       7.00      03/30/22      CNY    28.00
YIYANG PROVINCE AREA        4.95      10/13/23      CNY    37.66
YIYANG PROVINCE AREA        4.95      10/13/23      CNY    37.80
YIYANG PROVINCE AREA        5.16      11/23/23      CNY    57.54
YIYANG PROVINCE AREA        5.16      11/23/23      CNY    57.58
YIZHANG XINGYI CONSTR       5.49      09/02/24      CNY    52.76
YIZHANG XINGYI CONSTR       5.49      09/02/24      CNY    52.79
YIZHENG SHI'ERWEI NEW       6.77      08/22/24      CNY    60.51
YONG ZHOU CITY DEVELO       5.30      07/13/24      CNY    61.15
YONGCHENG COAL & ELEC       7.50      02/02/21      CNY    39.88
YONGJIA INVESTMENT GR       6.50      11/12/21      CNY    20.00
YONGJIA INVESTMENT GR       6.50      11/12/21      CNY    20.00
YONGXING YINDU INVEST       5.60      03/24/23      CNY    39.52
YONGXING YINDU INVEST       5.60      03/24/23      CNY    40.19
YONGXING YINDU INVEST       6.93      07/07/24      CNY    60.00
YONGXING YINDU INVEST       6.93      07/07/24      CNY    60.04
YONGXING YINDU INVEST       6.50      08/14/24      CNY    60.00
YONGXING YINDU INVEST       6.50      08/14/24      CNY    60.22
YONGZHOU ECONOMIC CON       3.55      01/14/23      CNY    39.48
YONGZHOU ECONOMIC CON       3.55      01/14/23      CNY    39.95
YUANAN COUNTY QIFENG        5.50      05/27/23      CNY    40.24
YUANAN COUNTY QIFENG        5.50      05/27/23      CNY    40.24
YUANLING CHENZHOU INV       6.50      09/20/24      CNY    60.00
YUANLING CHENZHOU INV       6.50      09/20/24      CNY    61.55
YUEYANG DONGTING XINC       6.15      03/20/22      CNY    20.06
YUEYANG HUIHUA URBAN        5.78      04/18/24      CNY    60.66
YUEYANG HUIHUA URBAN        5.78      04/18/24      CNY    61.66
YUEYANG HUIHUA URBAN        5.96      07/26/24      CNY    61.00
YUEYANG HUIHUA URBAN        5.96      07/26/24      CNY    61.77
YUEYANG URBAN CONSTRU       4.80      01/27/26      CNY    73.98
YUEYANG URBAN CONSTRU       4.80      01/27/26      CNY    74.24
YUEYANG YUNXI CITY CO       6.00      07/08/23      CNY    39.56
YUEYANG YUNXI CITY CO       5.18      11/21/23      CNY    57.52
YUHUAN CITY COMMUNICA       6.18      03/20/22      CNY    20.17
YUHUAN CITY COMMUNICA       6.18      03/20/22      CNY    24.47
YUHUAN CITY CONSTRUCT       5.10      05/03/23      CNY    40.05
YUHUAN CITY CONSTRUCT       5.10      05/03/23      CNY    40.61
YUHUAN CITY CONSTRUCT       3.72      10/21/23      CNY    39.33
YUHUAN CITY CONSTRUCT       3.72      10/21/23      CNY    40.15
YUNCHENG SHUIHU CITY        4.54      11/21/23      CNY    57.87
YUNCHENG SHUIHU CITY        4.54      11/21/23      CNY    59.71
YUNCHENG URBAN CONSTR       6.30      08/29/24      CNY    58.78
YUNCHENG URBAN CONSTR       6.30      08/29/24      CNY    60.00
YUZHOU GENERAL INVEST       4.68      01/19/23      CNY    40.00
YUZHOU GENERAL INVEST       4.68      01/19/23      CNY    40.15
ZAOYANG CITY CONSTRUC       5.50      03/22/23      CNY    40.19
ZAOYANG CITY CONSTRUC       5.50      03/22/23      CNY    40.39
ZHANGJIAGANG ECONOMY        3.95      03/22/23      CNY    40.00
ZHANGJIAGANG ECONOMY        3.95      03/22/23      CNY    40.23
ZHANGJIAJIE ECONOMIC        6.47      07/24/27      CNY    72.69
ZHANGJIAJIE ECONOMIC        6.47      07/24/27      CNY    72.74
ZHANGQIU STATE OWNED        3.69      08/09/23      CNY    39.81
ZHANGQIU STATE OWNED        3.69      08/09/23      CNY    40.01
ZHANGSHU STATE-OWNED        4.80      06/22/23      CNY    40.17
ZHANGSHU STATE-OWNED        4.80      06/22/23      CNY    42.67
ZHANGZHOU ECONOMIC DE       6.17      04/27/22      CNY    20.00
ZHANGZHOU ECONOMIC DE       6.17      04/27/22      CNY    20.20
ZHAODONG DONGSHENG CO       6.50      01/20/24      CNY    61.10
ZHAODONG DONGSHENG CO       6.50      01/20/24      CNY    61.11
ZHAOQING GAOYAO DISTR       6.68      04/14/22      CNY    20.00
ZHAOQING GAOYAO DISTR       6.68      04/14/22      CNY    20.29
ZHAOQING HI-TECH ZONE       3.97      08/26/23      CNY    39.47
ZHAOQING HI-TECH ZONE       3.97      08/26/23      CNY    39.82
ZHEJIANG BINHAI NEW C       4.65      12/23/22      CNY    40.36
ZHEJIANG HANGZHOU QIN       5.99      06/30/24      CNY    62.22
ZHEJIANG HANGZHOU QIN       5.99      06/30/24      CNY    62.23
ZHEJIANG HUISHENG INV       4.49      03/15/24      CNY    55.00
ZHEJIANG HUISHENG INV       4.49      03/15/24      CNY    55.51
ZHEJIANG OUHAI CONSTR       6.45      04/23/22      CNY    20.20
ZHEJIANG OUHAI CONSTR       6.45      04/23/22      CNY    20.20
ZHEJIANG OUHAI CONSTR       4.83      01/21/23      CNY    40.10
ZHEJIANG OUHAI CONSTR       4.83      01/21/23      CNY    40.44
ZHEJIANG XINCHANG INV       6.95      12/31/21      CNY    20.09
ZHEJIANG XINCHANG INV       6.95      12/31/21      CNY    20.44
ZHENGZHOU AIRPORT ECO       4.27      07/20/26      CNY    53.58
ZHENGZHOU AIRPORT ECO       4.27      07/20/26      CNY    53.62
ZHENGZHOU GENERAL AVI       5.98      06/27/24      CNY    60.00
ZHENGZHOU GENERAL AVI       5.98      06/27/24      CNY    62.11
ZHENGZHOU GENERAL AVI       5.80      10/18/24      CNY    60.00
ZHENGZHOU GENERAL AVI       5.80      10/18/24      CNY    62.21
ZHENGZHOU JINGKAI INV       5.48      07/31/22      CNY    20.00
ZHENGZHOU JINGKAI INV       5.48      07/31/22      CNY    20.35
ZHENGZHOU MOUZHONG DE       7.48      12/11/21      CNY    20.06
ZHENGZHOU MOUZHONG DE       7.48      12/11/21      CNY    26.20
ZHENGZHOU MOUZHONG DE       4.59      04/18/23      CNY    39.89
ZHENGZHOU MOUZHONG DE       4.59      04/18/23      CNY    39.95
ZHENJIANG DANTU DISTR       5.98      11/06/24      CNY    82.56
ZHENJIANG NEW AREA UR       5.31      07/14/23      CNY    39.06
ZHENJIANG NEW AREA UR       5.31      07/14/23      CNY    40.44
ZHIJIANG STATE-OWNED        4.78      01/11/23      CNY    37.00
ZHIJIANG STATE-OWNED        4.78      01/11/23      CNY    40.04
ZHIJIANG STATE-OWNED        4.38      03/28/23      CNY    39.25
ZHIJIANG STATE-OWNED        4.38      03/28/23      CNY    39.74
ZHIJIANG WANYUN COMMU       7.00      08/29/24      CNY    61.56
ZHONGGUANCUN DEVELOPM       4.20      08/12/22      CNY    20.15
ZHONGGUANCUN DEVELOPM       4.20      08/12/22      CNY    20.20
ZHONGRONG XINDA GROUP       7.40      07/18/22      CNY     7.81
ZHONGRONG XINDA GROUP       7.50      03/02/23      CNY     4.75
ZHONGSHAN TORCH DEVEL       5.79      03/23/24      CNY    61.75
ZHONGSHAN TRANSPORTAT       5.25      11/26/21      CNY    20.00
ZHONGSHAN TRANSPORTAT       5.25      11/26/21      CNY    20.01
ZHONGXIANG CITY CONST       6.50      09/01/24      CNY    62.43
ZHONGXIANG CITY CONST       6.50      09/01/24      CNY    62.44
ZHOUSHAN DINGHAI CITY       6.67      07/20/22      CNY    20.00
ZHOUSHAN ISLANDS NEW        6.98      10/22/22      CNY    24.77
ZHOUSHAN ISLANDS NEW        6.98      10/22/22      CNY    25.40
ZHOUSHAN PUTUO DISTRI       7.18      06/20/22      CNY    25.37
ZHOUSHAN PUTUO DISTRI       7.18      06/20/22      CNY    26.90
ZHUCHENG ECONOMIC DEV       5.37      07/12/24      CNY    60.14
ZHUCHENG ECONOMIC DEV       5.37      07/12/24      CNY    61.15
ZHUHAI HUIHUA INFRAST       4.70      06/27/23      CNY    40.29
ZHUHAI HUIHUA INFRAST       4.70      06/27/23      CNY    40.33
ZHUJI CITY EAST NEW T       3.89      08/26/23      CNY    40.51
ZHUJI CITY YUEDU INVE       6.38      04/07/22      CNY    20.20
ZHUJI CITY YUEDU INVE       6.38      04/07/22      CNY    20.21
ZHUJI STATE-OWNED ASS       5.34      06/28/24      CNY    61.75
ZHUJI STATE-OWNED ASS       5.34      06/28/24      CNY    62.50
ZHUJI STATE-OWNED ASS       5.23      07/18/24      CNY    61.76
ZHUZHOU CITY CONSTRUC       8.36      11/10/21      CNY    20.14
ZHUZHOU GECKOR GROUP        6.38      04/17/22      CNY    20.00
ZHUZHOU GECKOR GROUP        6.38      04/17/22      CNY    20.15
ZHUZHOU GECKOR GROUP        3.78      09/28/23      CNY    39.35
ZHUZHOU GECKOR GROUP        3.78      09/28/23      CNY    39.55
ZHUZHOU HI-TECH AUTO        4.47      11/03/23      CNY    74.62
ZHUZHOU LVXIANG INVES       7.09      08/16/24      CNY    57.50
ZHUZHOU LVXIANG INVES       7.09      08/16/24      CNY    61.11
ZHUZHOU RAILWAY INDUS       7.50      09/25/24      CNY    60.78
ZHUZHOU RECYCLING ECO       4.38      03/24/23      CNY    36.79
ZHUZHOU RECYCLING ECO       4.38      03/24/23      CNY    39.43
ZHUZHOU XIANGJIAN INV       6.40      08/09/24      CNY    60.00
ZHUZHOU XIANGJIAN INV       6.40      08/09/24      CNY    60.31
ZHUZHOU XIANGJIANG SC       5.39      11/25/22      CNY    39.31
ZHUZHOU XIANGJIANG SC       5.39      11/25/22      CNY    39.61
ZIBO BANYANG CITY URB       5.50      09/09/22      CNY    20.00
ZIBO BANYANG CITY URB       5.50      09/09/22      CNY    20.08
ZIBO BOSHAN STATE OWN       5.63      03/29/24      CNY    60.46
ZIBO BOSHAN STATE OWN       5.63      03/29/24      CNY    61.37
ZIBO HIGH TECH CITY I       5.28      08/10/24      CNY    61.86
ZIBO HIGH TECH CITY I       5.28      08/10/24      CNY    64.80
ZIXING CHENGCHENG INV       6.20      03/16/24      CNY    61.18
ZIXING CHENGCHENG INV       6.20      03/16/24      CNY    61.38
ZIXING CHENGCHENG INV       6.18      08/09/24      CNY    60.00
ZIXING CHENGCHENG INV       6.18      08/09/24      CNY    61.35
ZIXING CITY DEVELOPME       6.00      05/03/24      CNY    60.25
ZIXING CITY DEVELOPME       6.00      05/03/24      CNY    60.85
ZIXING CITY DEVELOPME       6.30      09/26/24      CNY    60.00
ZIXING CITY DEVELOPME       6.30      09/26/24      CNY    61.41
ZIYANG WATER INVESTME       3.97      03/17/23      CNY    38.33
ZIYANG WATER INVESTME       3.97      03/17/23      CNY    38.48
ZIZHONG COUNTY XINGZI       5.97      01/18/23      CNY    39.28
ZIZHONG COUNTY XINGZI       5.97      01/18/23      CNY    39.68
ZONGYANG INVESTMENT D       5.85      04/25/24      CNY    60.00
ZONGYANG INVESTMENT D       5.85      04/25/24      CNY    61.68
ZUNYI BOZHOU URBAN CO       6.60      07/06/24      CNY    61.35
ZUNYI BOZHOU URBAN CO       6.60      07/06/24      CNY    61.49
ZUNYI BOZHOU URBAN CO       7.85      10/24/24      CNY    60.00
ZUNYI BOZHOU URBAN CO       7.85      10/24/24      CNY    63.07
ZUNYI CITY XIANGJIANG       6.99      09/25/24      CNY    60.00
ZUNYI CITY XIANGJIANG       6.99      09/25/24      CNY    62.08
ZUNYI ECONOMIC DEVELO       4.87      01/22/23      CNY    35.00
ZUNYI ECONOMIC DEVELO       4.87      01/22/23      CNY    38.07
ZUNYI ECONOMIC DEVELO       7.48      08/17/24      CNY    56.45
ZUNYI HONGHUAGANG DIS       5.05      06/27/23      CNY    37.91
ZUNYI HONGHUAGANG DIS       5.05      06/27/23      CNY    39.99
ZUNYI HONGHUAGANG DIS       6.98      07/25/24      CNY    56.98
ZUNYI HONGHUAGANG DIS       6.98      07/25/24      CNY    61.84
ZUNYI NEW DISTRICT DE       5.99      04/07/26      CNY    47.46
ZUNYI NEW DISTRICT DE       5.99      04/07/26      CNY    55.94
ZUNYI ROAD & BRIDGE C       6.10      04/27/23      CNY    33.43
ZUNYI ROAD & BRIDGE C       6.10      04/27/23      CNY    37.06
ZUNYI TRAFFIC TRAVEL        7.70      09/27/27      CNY    57.00
ZUNYI TRAFFIC TRAVEL        7.70      09/27/27      CNY    73.20


   HONG KONG
   ---------

CAIYUN INTERNATIONAL        5.50      04/08/22      USD    71.66
CHINA SOUTH CITY HOLD      11.50      02/12/22      USD    80.95
CHINA SOUTH CITY HOLD      10.88      06/26/22      USD    42.19
CHINA SOUTH CITY HOLD       7.25      11/20/22      USD    45.01
CHINA SOUTH CITY HOLD      11.95      02/09/23      USD    37.38
CHINA SOUTH CITY HOLD      10.75      04/11/23      USD    36.02
DR PENG HOLDING HONGK       7.55      12/01/22      USD    61.52
HNA GROUP INTERNATION       6.25      10/05/21      USD    19.27


   INDONESIA
   ---------

DAVOMAS INTERNATIONAL      11.00      05/09/11      USD     1.14
DAVOMAS INTERNATIONAL      11.00      05/09/11      USD     1.14
DAVOMAS INTERNATIONAL      11.00      12/08/14      USD     1.13
DAVOMAS INTERNATIONAL      11.00      12/08/14      USD     1.13
DELTA MERLIN DUNIA TE       2.50      06/26/28      USD    18.00
SRI REJEKI ISMAN TBK        7.25      01/16/25      USD    18.67
SRI REJEKI ISMAN TBK        7.25      01/16/25      USD    20.01


   INDIA
   -----

ACME MEDAK SOLAR ENER       0.01      08/29/46      INR    16.44
ACME RANGA REDDY SOLA       0.01      08/31/46      INR    16.31
AMPSOLAR SOLUTION PVT       0.01      10/27/37      INR    30.75
AMPSOLAR SOLUTION PVT       0.01      11/03/37      INR    30.70
APG HABITAT PVT LTD         1.00      09/09/28      INR    66.69
APG INTELLI HOMES PVT       1.25      02/04/35      INR    47.60
APG INTELLI HOMES PVT       1.25      02/04/35      INR    48.78
ASSETS CARE & RECONST       1.00      03/30/29      INR    65.91
ASSETS CARE & RECONST       2.00      03/30/29      INR    71.65
ASSETS CARE & RECONST       2.00      03/30/29      INR    71.65
ASSETS CARE & RECONST       2.00      03/31/30      INR    68.25
AUTOMOTIVE EXCHANGE P       4.00      06/01/30      INR    65.86
AUTOMOTIVE EXCHANGE P       4.00      10/11/30      INR    65.38
BODY CUPID PVT LTD          0.01      03/31/31      INR    50.98
BREEZE CONSTRUCTIONS        0.01      06/29/30      INR    51.30
BRITANNIA INDUSTRIES        8.00      08/28/22      INR    30.67
BRITANNIA INDUSTRIES        5.50      06/03/24      INR    29.08
BROIL SOLAR ENERGY PV       0.01      09/05/31      INR    49.24
CHANDRAJYOTI ESTATE D       0.01      07/06/30      INR    52.62
CONVERGIA DIGITAL EDU       0.10      09/29/31      INR    56.46
CUMULUS TRADING CO PV       0.01      01/23/30      INR    69.71
CUMULUS TRADING CO PV       0.01      05/21/32      INR    44.66
DEWAN HOUSING FINANCE       8.50      04/18/23      INR    28.34
DLF ASPINWAL HOTELS P       0.01      10/15/30      INR    49.22
DLF EMPORIO RESTAURAN       0.01      06/29/30      INR    53.02
DLF EMPORIO RESTAURAN       0.01      08/12/30      INR    52.52
DLF HOME DEVELOPERS L       0.01      06/29/30      INR    54.89
DLF HOMES SERVICES PV       0.01      06/29/30      INR    51.30
DLF LANDS INDIA PVT L       0.01      09/29/31      INR    47.65
DLF REAL ESTATE BUILD       0.01      06/23/30      INR    52.64
DLF RECREATIONAL FOUN       0.01      10/15/30      INR    49.26
DLF RESIDENTIAL BUILD       0.01      06/23/30      INR    51.36
DLF RESIDENTIAL DEVEL       0.01      06/28/30      INR    52.61
DLF SOUTHERN TOWNS PV       0.01      07/09/30      INR    52.77
DOMUS REAL ESTATE PVT       0.01      07/11/30      INR    52.78
ECAP EQUITIES LTD           0.01      03/26/31      INR    51.87
EDEL LAND LTD               0.01      03/22/26      INR    72.99
EDELWEISS ASSET RECON       2.00      11/20/27      INR    75.12
EDELWEISS ASSET RECON       2.00      10/07/28      INR    71.82
EDELWEISS ASSET RECON       2.00      01/15/29      INR    70.83
EDELWEISS ASSET RECON       2.00      03/28/29      INR    70.13
EDELWEISS ASSET RECON       2.00      07/22/29      INR    69.00
EDELWEISS RURAL & COR       0.01      03/25/31      INR    52.68
ELP SOLAR ONE PVT LTD       0.25      02/27/31      INR    51.58
ESSAR POWER TRANSMISS       3.00      03/31/43      INR    50.73
ESSAR POWER TRANSMISS       3.00      03/31/43      INR    50.73
FUTURE RETAIL LTD           5.60      01/22/25      USD    60.63
FUTURE RETAIL LTD           5.60      01/22/25      USD    60.97
GAMMA GAANA LTD             0.01      07/31/31      INR    48.50
GREEN URJA PVT LTD          0.01      02/14/30      INR    54.84
GTL INFRASTRUCTURE LT       6.73      10/26/22      USD     9.88
HCL INFOTECH LTD            0.10      03/31/36      INR    35.23
HITODI INFRASTRUCTURE       0.01      06/30/27      INR    65.34
JAIPRAKASH ASSOCIATES       5.75      09/08/17      USD    55.13
JAIPRAKASH POWER VENT       7.00      05/15/17      USD     6.22
JCT LTD                     2.50      04/08/11      USD    25.75
JSM CORP PVT LTD            0.01      08/31/36      INR    32.87
JTPM ATSALI LTD             0.01      08/29/48      INR    14.56
JUNO MONETA TECHNOLOG       0.01      05/18/26      INR    73.28
KANAKADURGA FINANCE L       0.01      04/15/36      INR    31.69
KUSHALS RETAIL PVT LT       1.00      05/13/29      INR    64.16
LITMUS WORLD MARKETIN       0.01      03/31/28      INR    68.45
MARIS POWER SUPPLY CO       2.00      04/18/28      INR    74.35
MELOSA BUILDERS & DEV       0.01      06/29/30      INR    51.30
MENS BUILDCON PVT LTD       0.01      06/29/30      INR    51.30
MYTRAH AADHYA POWER P       0.01      07/05/35      INR    36.55
MYTRAH ADVAITH POWER        0.01      07/13/36      INR    33.82
MYTRAH AKSHAYA ENERGY       0.01      07/13/36      INR    33.82
NANI VIRANI WIND ENER       2.00      06/30/39      INR    47.11
NEEMUCH SOLAR POWER P       0.01      08/29/46      INR    16.43
NHAVA SHEVA INTERNATI       0.01      04/14/27      INR    68.32
ORIGAMI CELLULO PVT L       0.01      11/14/36      INR    32.47
PALIWAL REAL ESTATE L       0.01      09/09/31      INR    48.10
PRAKASH INDUSTRIES LT       5.25      04/30/15      USD    22.63
PRUDENT ARC LTD             0.01      09/02/31      INR    48.11
PRUDENT ARC LTD             0.01      10/04/31      INR    46.47
PUNJAB INFRASTRUCTURE       0.40      10/15/27      INR    70.60
PUNJAB INFRASTRUCTURE       0.40      10/15/28      INR    65.88
PUNJAB INFRASTRUCTURE       0.40      10/15/29      INR    61.46
PUNJAB INFRASTRUCTURE       0.40      10/15/30      INR    57.34
PUNJAB INFRASTRUCTURE       0.40      10/15/31      INR    53.52
PUNJAB INFRASTRUCTURE       0.40      10/15/32      INR    49.99
PUNJAB INFRASTRUCTURE       0.40      10/15/33      INR    46.76
PURVANCHAL SOLAR POWE       0.01      08/29/46      INR    16.44
PYRAMID SAIMIRA THEAT       1.75      07/04/12      USD     0.26
R L FINE CHEM PVT LTD       0.10      08/19/36      INR    33.43
RAMANI ICECREAM CO LT       0.01      12/29/35      INR    35.61
REDKITE CAPITAL PVT L       2.50      03/30/29      INR    73.63
REI AGRO LTD                5.50      11/13/14      USD     0.73
REI AGRO LTD                5.50      11/13/14      USD     0.73
RELIANCE COMMUNICATIO       6.50      11/06/20      USD    10.09
REWANCHAL SOLAR POWER       0.01      08/29/46      INR    16.44
RIVERIA COMMERCIAL DE       0.01      07/08/31      INR    47.16
RMZ ONE PARAMOUNT PVT       0.10      03/24/29      INR    59.20
SAKET HOLIDAYS RESORT       0.01      06/29/30      INR    52.50
SANJWIN CONSULTING SO       0.01      06/01/28      INR    61.31
SHERISHA ROOFTOP SOLA       0.01      08/12/31      INR    45.04
SHIVAJI MARG MAINTENA       0.01      06/28/30      INR    51.48
SINTEX INDUSTRIES LTD       3.50      05/25/22      USD    26.43
STPL HORTICULTURE PVT       0.01      03/31/31      INR    58.59
SUNWORLD SOLAR POWER        0.01      08/31/46      INR    16.31
SURBHI INVESTMENTS &        2.50      10/21/28      INR    74.38
SUTARA ROADS & INFRA        0.01      08/31/30      INR    58.93
SUZLON ENERGY LTD           5.75      07/16/19      USD    23.65
SUZLON ENERGY LTD           5.75      07/16/19      USD    23.65
SVOGL OIL GAS & ENERG       5.00      08/17/15      USD     0.61
TATA SMARTFOODZ LTD         0.01      04/18/26      INR    73.56
TATA SMARTFOODZ LTD         0.01      06/28/26      INR    72.42
TATA SMARTFOODZ LTD         0.01      08/19/26      INR    71.58
TN URJA PVT LTD             0.10      02/22/36      INR    35.40
WATSUN INFRABUILD PVT       4.00      10/16/37      INR    63.92
YBRANT ENGINEERING &        0.01      05/07/31      INR    50.08


   JAPAN
   -----

AVANSTRATE INC              0.20      10/29/32      JPY     9.75
HIS CO LTD                  0.58      02/19/27      JPY    66.71
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       0.43      11/29/21      JPY    71.12
UNIZO HOLDINGS CO LTD       0.52      05/27/22      JPY    60.00
UNIZO HOLDINGS CO LTD       0.75      11/28/22      JPY    48.04
UNIZO HOLDINGS CO LTD       0.85      05/26/23      JPY    47.75
UNIZO HOLDINGS CO LTD       0.80      11/29/23      JPY    45.49
UNIZO HOLDINGS CO LTD       0.89      05/29/24      JPY    45.59
UNIZO HOLDINGS CO LTD       1.10      11/28/24      JPY    42.89
UNIZO HOLDINGS CO LTD       0.99      11/27/26      JPY    39.99
UNIZO HOLDINGS CO LTD       1.20      05/28/27      JPY    39.58
UNIZO HOLDINGS CO LTD       1.50      11/26/27      JPY    39.98


   KOREA
   -----

CJ CGV CO LTD               1.00      06/08/51      KRW    71.03
FIRST 5G SECURITIZATI       1.71      02/28/25      KRW    27.46
FIRST 5G SECURITIZATI       1.89      11/28/25      KRW    27.85
HEUNGKUK FIRE & MARIN       5.70      12/29/46      KRW    38.81
KIBO ABS SPECIALTY CO       5.00      02/28/22      KRW    74.42
KIBO ABS SPECIALTY CO       5.00      02/24/23      KRW    73.14
KIBO ABS SPECIALTY CO       5.00      02/24/24      KRW    70.34
KOREA LAND & HOUSING        1.28      08/23/49      KRW    77.55
KOREA SOUTHERN POWER        1.29      08/13/49      KRW    76.10
LOTTE CARD CO LTD           3.95      06/28/49      KRW    37.13
POSCO ENERGY CO LTD         5.21      08/29/43      KRW    68.54
PULMUONE CO LTD             4.80      09/30/49      KRW    73.97
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        5.00      12/27/21      KRW    75.29
SINBO SECURITIZATION        5.00      01/25/22      KRW    68.09
SINBO SECURITIZATION        5.00      01/26/22      KRW    68.08
SINBO SECURITIZATION        5.00      02/23/22      KRW    66.74
SINBO SECURITIZATION        5.00      02/28/22      KRW    74.40
SINBO SECURITIZATION        5.00      06/27/22      KRW    62.95
SINBO SECURITIZATION        5.00      07/24/22      KRW    62.49
SINBO SECURITIZATION        5.00      07/26/22      KRW    62.47
SINBO SECURITIZATION        5.00      08/29/22      KRW    62.79
SINBO SECURITIZATION        5.00      08/31/22      KRW    62.78
SINBO SECURITIZATION        5.00      09/26/22      KRW    62.15
SINBO SECURITIZATION        5.00      12/25/22      KRW    72.13
SINBO SECURITIZATION        5.00      01/25/23      KRW    64.51
SINBO SECURITIZATION        5.00      01/29/23      KRW    71.86
SINBO SECURITIZATION        5.00      02/28/23      KRW    74.84
SINBO SECURITIZATION        5.00      03/20/23      KRW    74.67
SINBO SECURITIZATION        5.00      06/27/23      KRW    65.98
SINBO SECURITIZATION        5.00      06/30/23      KRW    65.95
SINBO SECURITIZATION        5.00      07/24/23      KRW    65.69
SINBO SECURITIZATION        5.00      07/29/23      KRW    65.65
SINBO SECURITIZATION        5.00      08/29/23      KRW    66.46
SINBO SECURITIZATION        5.00      08/29/23      KRW    66.46
SINBO SECURITIZATION        5.00      09/09/23      KRW    66.29
SINBO SECURITIZATION        5.00      09/26/23      KRW    66.08
SINBO SECURITIZATION        5.00      09/26/23      KRW    66.08
SINBO SECURITIZATION        5.00      09/26/23      KRW    66.08
SINBO SECURITIZATION        5.00      10/24/23      KRW    65.72
SINBO SECURITIZATION        5.00      10/24/23      KRW    65.72
SINBO SECURITIZATION        3.00      11/21/23      KRW    63.52
SINBO SECURITIZATION        5.00      11/21/23      KRW    66.84
SINBO SECURITIZATION        4.00      12/25/23      KRW    65.20
SINBO SECURITIZATION        4.00      12/25/23      KRW    65.20
SINBO SECURITIZATION        5.00      12/25/23      KRW    72.37
SINBO SECURITIZATION        5.00      12/29/23      KRW    70.19
SINBO SECURITIZATION        3.00      01/29/24      KRW    68.07
SINBO SECURITIZATION        4.00      01/29/24      KRW    70.08
SINBO SECURITIZATION        4.00      01/29/24      KRW    70.08
SINBO SECURITIZATION        5.00      02/27/24      KRW    67.89
SINBO SECURITIZATION        4.00      04/15/24      KRW    65.70
SINBO SECURITIZATION        4.00      06/30/24      KRW    66.01
SINBO SECURITIZATION        4.00      06/30/24      KRW    66.01
SINBO SECURITIZATION        5.00      06/30/24      KRW    67.99
SINBO SECURITIZATION        4.00      07/29/24      KRW    65.73
SINBO SECURITIZATION        5.00      07/29/24      KRW    67.69
SINBO SECURITIZATION        5.00      07/29/24      KRW    67.69
SINBO SECURITIZATION        4.00      08/28/24      KRW    66.40
SINBO SECURITIZATION        4.00      08/28/24      KRW    66.40
SINBO SECURITIZATION        5.00      08/28/24      KRW    68.57
SINBO SECURITIZATION        4.00      09/29/24      KRW    66.04
SINBO SECURITIZATION        4.00      09/29/24      KRW    66.04
SINBO SECURITIZATION        5.00      09/29/24      KRW    68.19
SINBO SECURITIZATION        4.00      11/27/24      KRW    69.24
SINBO SECURITIZATION        4.00      11/27/24      KRW    69.24
SINBO SECURITIZATION        5.00      11/27/24      KRW    71.55
SINBO SECURITIZATION        5.00      11/27/24      KRW    71.55
SINBO SECURITIZATION        5.00      01/29/25      KRW    46.26


   MALAYSIA
   --------

ASIAN PAC HOLDINGS BH       3.00      05/25/22      MYR     0.65
BERJAYA CORP BHD            5.00      04/22/22      MYR     0.27
BERJAYA CORP BHD            2.00      05/29/26      MYR     0.26
ELK-DESA RESOURCES BH       3.25      04/14/22      MYR     1.14
HUME CEMENT INDUSTRIE       5.00      05/29/24      MYR     1.66
MALAYAN FLOUR MILLS B       5.00      01/24/24      MYR     1.48
PENGURUSAN AIR SPV BH       1.00      09/28/35      MYR    62.71
PENGURUSAN AIR SPV BH       1.00      11/05/35      MYR    62.42
PENGURUSAN AIR SPV BH       1.00      02/05/36      MYR    65.13
PMB TECHNOLOGY BHD          3.00      07/12/23      MYR    12.50
SCANWOLF CORP BHD           3.00      08/04/26      MYR     0.36
SD INTERNATIONAL SUKU       7.00      03/12/25      USD    27.40
SD INTERNATIONAL SUKU       6.30      05/09/22      USD    30.37
SENAI-DESARU EXPRESSW       1.35      12/31/29      MYR    74.34
SENAI-DESARU EXPRESSW       1.35      06/28/30      MYR    72.83
SENAI-DESARU EXPRESSW       1.35      12/31/30      MYR    71.27
SENAI-DESARU EXPRESSW       1.35      06/30/31      MYR    69.77
YB VENTURES BHD             0.10      09/05/26      MYR     0.07


   PHILIPPINES
   -----------

BAYAN TELECOMMUNICATI      15.00      07/15/06      USD    19.63


   SINGAPORE
   ---------

APL REALTY HOLDINGS P       5.95      06/02/24      USD    60.92
ASL MARINE HOLDINGS L       3.00      03/28/25      SGD    41.34
ASL MARINE HOLDINGS L       3.00      10/01/26      SGD    41.38
BAKRIE TELECOM PTE LT      11.50      05/07/15      USD     0.78
BAKRIE TELECOM PTE LT      11.50      05/07/15      USD     0.78
BANYAN TREE HOLDINGS        7.50      08/06/22      SGD     1.35
BLD INVESTMENTS PTE L       8.63      03/23/15      USD     4.88
BLUE OCEAN RESOURCES        8.00      12/31/21      USD    32.94
BLUE OCEAN RESOURCES        8.00      12/31/21      USD    32.94
BLUE OCEAN RESOURCES        8.00      12/31/21      USD    32.94
ENERCOAL RESOURCES PT       9.25      08/05/14      USD    45.75
ETERNA CAPITAL PTE LT       8.00      12/11/22      USD    44.43
EZRA HOLDINGS LTD           4.88      04/24/18      SGD     5.00
GOLDEN LEGACY PTE LTD       6.88      03/27/24      USD    19.36
GOLDEN LEGACY PTE LTD       6.88      03/27/24      USD    19.68
INDO INFRASTRUCTURE G       2.00      07/30/10      USD     1.00
INNOVATE CAPITAL PTE        6.00      12/11/24      USD    29.00
ITNL OFFSHORE PTE LTD       7.50      01/18/21      CNY    16.61
JGC VENTURES PTE LTD       10.75      08/30/21      USD    55.20
MICLYN EXPRESS OFFSHO       8.75      11/25/18      USD     1.07
MODERNLAND OVERSEAS P       6.95      04/13/24      USD    44.64
NT RIG HOLDCO PTE LTD       7.50      12/20/22      USD    55.50
ORO NEGRO DRILLING PT       7.50      01/24/19      USD     3.88
PACIFIC RADIANCE LTD        4.30      03/31/20      SGD    10.00
RICKMERS MARITIME           8.45      05/15/17      SGD     5.00
SSMS PLANTATION HOLDI       7.75      01/23/23      USD    72.74
SWIBER CAPITAL PTE LT       6.25      10/30/17      SGD     4.20
SWIBER CAPITAL PTE LT       6.50      08/02/18      SGD     4.20
SWIBER HOLDINGS LTD         5.55      10/10/16      SGD    12.25
SWIBER HOLDINGS LTD         7.13      04/18/17      SGD     6.13
SWIBER HOLDINGS LTD         7.75      09/18/17      CNY     6.13


  SRI LANKA
  ---------

SRI LANKA DEVELOPMENT       4.24      03/16/23      USD    72.96
SRI LANKA DEVELOPMENT       4.11      05/01/23      USD    71.20
SRI LANKA DEVELOPMENT       4.15      05/01/23      USD    71.24
SRI LANKA DEVELOPMENT       5.66      05/01/23      USD    72.82
SRI LANKA DEVELOPMENT       6.69      05/01/23      USD    73.98
SRI LANKA DEVELOPMENT       6.70      05/01/23      USD    73.99
SRI LANKA DEVELOPMENT       6.71      05/01/23      USD    74.00
SRI LANKA DEVELOPMENT       7.95      05/01/24      USD    67.20
SRI LANKA DEVELOPMENT       7.98      05/01/24      USD    67.25
SRI LANKA DEVELOPMENT       7.99      05/01/24      USD    67.27
SRI LANKA DEVELOPMENT       4.79      01/22/25      USD    58.73
SRI LANKA DEVELOPMENT       5.98      01/22/25      USD    59.82
SRI LANKA DEVELOPMENT       6.02      01/22/25      USD    59.90
SRI LANKA DEVELOPMENT       6.05      01/22/25      USD    59.96
SRI LANKA DEVELOPMENT       6.50      01/22/25      USD    60.89
SRI LANKA DEVELOPMENT       6.75      01/22/25      USD    61.40
SRI LANKA DEVELOPMENT       6.80      01/22/25      USD    61.50
SRI LANKA DEVELOPMENT       6.82      01/22/25      USD    61.54
SRI LANKA DEVELOPMENT       6.87      01/22/25      USD    61.65
SRI LANKA DEVELOPMENT       6.99      01/22/25      USD    61.89
SRI LANKA DEVELOPMENT       7.68      01/22/25      USD    63.31
SRI LANKA DEVELOPMENT       7.82      01/22/25      USD    63.63
SRI LANKA DEVELOPMENT       7.60      07/30/26      USD    60.52
SRI LANKA DEVELOPMENT       8.00      07/30/26      USD    61.62
SRI LANKA GOVERNMENT        5.75      04/18/23      USD    65.98
SRI LANKA GOVERNMENT        5.75      04/18/23      USD    65.98
SRI LANKA GOVERNMENT        6.85      03/14/24      USD    62.69
SRI LANKA GOVERNMENT        6.85      03/14/24      USD    62.76
SRI LANKA GOVERNMENT        6.35      06/28/24      USD    62.67
SRI LANKA GOVERNMENT        6.35      06/28/24      USD    62.73
SRI LANKA GOVERNMENT        6.13      06/03/25      USD    61.77
SRI LANKA GOVERNMENT        6.13      06/03/25      USD    61.86
SRI LANKA GOVERNMENT        6.85      11/03/25      USD    61.85
SRI LANKA GOVERNMENT        6.85      11/03/25      USD    61.94
SRI LANKA GOVERNMENT        6.83      07/18/26      USD    60.71
SRI LANKA GOVERNMENT        6.83      07/18/26      USD    60.78
SRI LANKA GOVERNMENT        6.20      05/11/27      USD    59.95
SRI LANKA GOVERNMENT        6.20      05/11/27      USD    60.04
SRI LANKA GOVERNMENT        6.75      04/18/28      USD    59.86
SRI LANKA GOVERNMENT        6.75      04/18/28      USD    59.95
SRI LANKA GOVERNMENT        7.85      03/14/29      USD    59.91
SRI LANKA GOVERNMENT        7.85      03/14/29      USD    59.95
SRI LANKA GOVERNMENT        7.55      03/28/30      USD    59.98
SRI LANKA GOVERNMENT        7.55      03/28/30      USD    60.09
SRILANKAN AIRLINES LT       7.00      06/25/24      USD    60.64


  THAILAND
  --------

G STEEL PCL                 3.00      10/04/15      USD     0.80
MDX PCL                     4.75      09/17/03      USD    22.88


                           *********


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

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

Copyright 2022.  All rights reserved.  ISSN: 1520-9482.

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

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



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