/raid1/www/Hosts/bankrupt/TCRAP_Public/220315.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
A S I A P A C I F I C
Tuesday, March 15, 2022, Vol. 25, No. 47
Headlines
A U S T R A L I A
BIRK SOLUTIONS: Second Creditors' Meeting Set for March 22
FARMAFORCE LIMITED: First Creditors' Meeting Set for March 22
GREENSILL CAPITAL: More Australian Subsidiaries to be Liquidated
HEMP HULLING: First Creditors' Meeting Set for March 10
IQ3CORP LTD: First Creditors' Meeting Set for March 22
MOTOR2U PTY: First Creditors' Meeting Set for March 22
I N D I A
AASTHA INFRACITY: ICRA Raises Rating on INR48cr Term Loan to B+
ABHIJEET HAZARIBAGH: Insolvency Resolution Process Case Summary
ANANDA AQUA: ICRA Withdraws B+ Rating on INR50cr Long Term Loans
AUTOLINE INDUSTRIES: CARE Reaffirms D Rating on INR94.98cr Loan
BULKTAINER SHIPPING: ICRA Keeps B+ Ratings in Not Cooperating
BURGEON VERTICALS: CARE Lowers Rating on INR16.18cr Loan to D
CITY MALL: Insolvency Resolution Process Case Summary
COURSECUBE PRIVATE: Insolvency Resolution Process Case Summary
DNYANYOGI SHRI SHIVKUMAR: Insolvency Resolution Case Summary
EDUCATION DEVELOPMENT: Voluntary Liquidation Process Case Summary
ESWARI EXPORTS: Insolvency Resolution Process Case Summary
GLOWMORE FINANCE: ICRA Withdraws B Rating on INR10cr LT Loan
GOPISHA HOLDINGS: Voluntary Liquidation Process Case Summary
INSTART LOGIC: Voluntary Liquidation Process Case Summary
J.R. FOODS LIMITED: Insolvency Resolution Process Case Summary
JAIPUR TUFFEN: CARE Moves B- Debt Rating to Not Cooperating
JINDAL INFRASTRUCTURE: CARE Keeps C Debt Rating in Not Cooperating
KAGAZ PRINT-N-PACK: Insolvency Resolution Process Case Summary
KARAN LETEX: CARE Withdraws B+ Rating on LT/ST Bank Term Loans
KESAR MULTIMODAL: Insolvency Resolution Process Case Summary
LMJ INTERNATIONAL: ICRA Keeps D Debt Ratings in Not Cooperating
MAGIC CERAMIC: CARE Reaffirms B+ Rating on INR7.31cr LT Loan
MALPEFRESH MARINE: ICRA Withdraws B Rating on INR10cr LT Loan
MEDEOR HOSPITAL: CARE Reaffirms D Rating on INR451.04cr LT Loan
MILSHA AGRO: ICRA Reaffirms B Rating on INR9.75cr LT Loan
MODERN DAIRIES: CARE Keeps D Debt Ratings in Not Cooperating
MOTIL DEVI: ICRA Withdraws B Rating on INR10cr Loans
PARAMOUNT WHEELS: Liquidation Process Case Summary
PI DATA CENTERS: Insolvency Resolution Process Case Summary
PURE GOLD: Voluntary Liquidation Process Case Summary
RANGOLI PARTICLE: CARE Lowers Rating on INR4.26cr LT Loan to D
REGENT BEERS: ICRA Lowers Rating on INR8.50cr Cash Loan to D
RELIANCE CAPITAL: Adani, KKR, Piramal Among 14 Bidders
RICH OFFSET: ICRA Withdraws B+ Rating on INR5.75cr Cash Loan
RIKUN MANUFACTURING: ICRA Withdraws B+ Rating on INR9.0cr Loans
SADGURU POLY: CARE Keeps B- Debt Rating in Not Cooperating
SANKSKRUT JEWEL: Insolvency Resolution Process Case Summary
SARAVANA SPINNERS: ICRA Hikes Rating on INR11.47cr Term Loan to B
SHIKSHA BHARTI: CARE Reaffirms B- Rating on INR10.30cr LT Loan
SICAL IRON: Insolvency Resolution Process Case Summary
SPACEVISION IMPEX: Liquidation Process Case Summary
SREI GROUP: Receives Expression of Interests From 17 Entities
SWATI HEALTH: Insolvency Resolution Process Case Summary
TRANSPORT SOLUTIONS: Insolvency Resolution Process Case Summary
TWENTY FOURTEEN: CARE Hikes Rating on INR258.20cr Loan to BB+
ULTRA TILE: Liquidation Process Case Summary
VERSATILE ALUCAST: ICRA Assigns B Rating to INR17.50cr Loans
VINNARASI EDUCATIONAL: CARE Moves D Debt Rating to Not Cooperating
YAPAPP INDIA: Voluntary Liquidation Process Case Summary
ZENICA PERFORMANCE: ICRA Keeps D Debt Ratings in Not Cooperating
M A L A Y S I A
1MDB: Gov't Still Needs to Cover MYR17BB Shortfall to Repay Debts
TH HEAVY: Time to Submit Regularisation Plan Extended Until Aug. 22
N E W Z E A L A N D
CNZ TRADE: Creditors' Proofs of Debt Due on April 27
GEVIR LIMITED: Court to Hear Wind-Up Petition on March 23
INNOVATIVE KITCHEN: Creditors' Proofs of Debt Due on April 18
MINT RENTALS: Court to Hear Wind-Up Petition on May 13
SK ARCHITECTURAL: Creditors' Proofs of Debt Due on April 14
P H I L I P P I N E S
RURAL BANK OF SALCEDO: Placed Under PDIC Receivership
S I N G A P O R E
HENG LEE: Court Enters Wind-Up Order
HS COMPRESSION: Court Enters Wind-Up Order
KINMOO PTE: Commences Wind-Up Proceedings
KML MANUFACTURING: Court Enters Wind-Up Order
X X X X X X X X
[*] BOND PRICING: For the Week March 7, 2022 to March 11, 2022
- - - - -
=================
A U S T R A L I A
=================
BIRK SOLUTIONS: Second Creditors' Meeting Set for March 22
----------------------------------------------------------
A second meeting of creditors in the proceedings of Birk Solutions
Pty. Ltd. has been set for March 22, 2022, at 11:30 a.m. via
utilising teleconference facilities.
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 March 21, 2022, at 4:00 p.m.
Richard Rohrt of Hamilton Murphy Advisor was appointed as
administrator of Birk Solutions on Feb. 14, 2022.
FARMAFORCE LIMITED: First Creditors' Meeting Set for March 22
-------------------------------------------------------------
A first meeting of the creditors in the proceedings of Farmaforce
Limited will be held on March 22, 2022, at 11:00 a.m. via
electronic facilities.
Mark Robinson, Antony Resnick and Riad Tayeh of de Vries Tayeh were
appointed as administrators of IQ3Corp Ltd on March 10, 2022.
GREENSILL CAPITAL: More Australian Subsidiaries to be Liquidated
----------------------------------------------------------------
Australian Financial Review reports that Queensland insolvency
specialist Worrells has been named as the liquidator of one of
Greensill Capital's dormant Australian subsidiaries as several of
the supply chain finance group's remaining businesses are shut
down.
Greensill Capital Pty Ltd, the Bundaberg-based Australian holding
group, had several small subsidiaries in addition to its main
London-based operating group, Greensill Capital UK, and Germany's
Greensill Bank.
According to the report, the administration of Greensill Capital UK
is still in progress due to the complexity of the firm's global
supply chain finance business, with the administration period
extended until March 2023.
Meanwhile, the German administrator of Greensill Bank, Michael
Frege, continues to try and recover billions of dollars for German
creditors who lost money invested in the bank, AFR says.
But Grant Thornton, the liquidators of Greensill Capital's parent
group, told creditors at a recent meeting that the firm's remaining
insolvent or dormant subsidiaries were being wound up because there
were "no avenues to recoveries".
"The dormant entities will undergo a voluntary deregistration
process in Australia," Grant Thornton said.
Dormant entities include Greensill Capital Securities (Australia),
Greensill Capital Management Company Pty Ltd and the UK's Laufer
Ltd, which was owed USD329,000 by Greensill Capital UK, AFR
discloses.
Worrells, which specialises in insolvency administration and
forensic investigation, has been hired to liquidate an Australian
entity, while global advisory group RSM has been tapped to
liquidate two UK entities, AFR adds citing minutes of a recent
creditors' meeting.
The minutes did not name the specific entities being liquidated.
Other Greensill Capital subsidiaries that had financial value,
fintech groups Earnd and Omni Technologies, were sold off last
year, AFR notes.
An online meeting was arranged by Grant Thornton in late February
to update creditors, including Credit Suisse, the Association of
German Banks, Softbank, the Peter Greensill Family Trust and former
employees, on the progress of the parent group's liquidation, the
report says.
AFR relates that meeting minutes did not include details on the
ongoing administration of Greensill Capital's UK operations or
Greensill Bank's operations, citing "commercially sensitive and
confidential matters".
"A detailed discussion of the strategies being undertaken by the UK
and German administrators would potentially disclose privileged
information given the sensitivity of the claims and may in turn
impact realisations in the UK and German administrations, and may
impact any potential return to the company from those
administrations," the minutes, as cited by AFR, said.
AFR relates that Grant Thornton's liquidators told creditors that
they did not believe they had to approve any insurance
settlements.
Several claims worth almost AUD300 million combined have been filed
in Australian courts against local insurer IAG by international
financier White Oak, investment bank Credit Suisse and Greensill
Bank's administrator, according to AFR.
Grant Thornton was paid AUD192,842 for work on Greensill Capital's
liquidation between early October and January 31.
Its hourly rate for work between February and June will rise by up
to 7.5 per cent to a capped amount of AUD125,000, the report
notes.
About Greensill Capital
Greensill is an independent financial services firm and principal
investor group based in the United Kingdom and Australia. It offers
structures trade finance, working capital optimization, specialty
financing and contract monetization. Greensill Capital Pty is the
parent company for the Greensill Group.
Greensill began to unravel in March 2021 when its main insurer
stopped providing credit insurance on US$4.1 billion of debt in
portfolios it had created for clients including Swiss bank Credit
Suisse.
Greensill Capital (UK) Limited and Greensill Capital Management
Company (UK) Limited filed for insolvency in Britain on March 8,
2021. Matthew James Byrnes, Philip Campbell-Wilson and Michael
McCann of Grant Thornton were appointed as administrators.
Greensill Capital Pty Ltd. filed insolvency proceedings in
Australia. Matt Byrnes, Phil Campbell-Wilson, and Michael McCann of
Grant Thornton Australia Ltd, were appointed as voluntary
administrators in Australia.
Greensill Capital Inc. filed for Chapter 11 bankruptcy (Bankr.
S.D.N.Y. Case No. 21-10561) on March 25, 2021. Jill M. Frizzley,
director, signed the petition. In the petition, the Debtor listed
assets of between $10 million and $50 million and liabilities of
between $50 million and $100 million. The case is handled by Judge
Michael E. Wiles.
In the Chapter 11 case, the Debtor tapped Segal & Segal LLP as
bankruptcy counsel, Mayer Brown LLP as special counsel, and GLC
Advisors & Co., LLC and GLCA Securities, LLC as investment bankers
and financial advisors. Matthew Tocks is the chief restructuring
officer of the Debtor. The official committee of unsecured
creditors is represented by Arent Fox LLP.
Greensill Capital (UK) Limited filed a Chapter 15 petition (Bankr.
S.D.N.Y. Case No. 21-11473) to seek U.S. recognition of its UK
proceedings on Aug. 18, 2021. Allen & Overy LLP, led by Laura R.
Hall, is the Debtor's counsel in the Chapter 15 case.
HEMP HULLING: First Creditors' Meeting Set for March 10
-------------------------------------------------------
A first meeting of the creditors in the proceedings of Hemp Hulling
Co (QLD) Pty Ltd will be held on March 22, 2022, at 11:00 a.m. via
Virtual Meeting on Microsoft Teams.
David Lewis Clout of David Clout & Associates was appointed as
administrator of Hemp Hulling on March 10, 2022.
IQ3CORP LTD: First Creditors' Meeting Set for March 22
------------------------------------------------------
A first meeting of the creditors in the proceedings of IQ3Corp Ltd,
IQX Limited and The IQ Group Global Ltd will be held on March 22,
2022, at 11:00 a.m. via electronic facilities.
Mark Robinson, Antony Resnick and Riad Tayeh of de Vries Tayeh were
appointed as administrators of IQ3Corp, IQX Limited and The IQ
Group Global on March 10, 2022.
MOTOR2U PTY: First Creditors' Meeting Set for March 22
------------------------------------------------------
A first meeting of the creditors in the proceedings of Motor2u Pty
Ltd will be held on March 22, 2022, at 11:00 a.m. via Zoom.
Kelly Dale Meyn and Dermott Joseph McVeigh of Avior Consulting were
appointed as administrators of Motor2u Pty on March 10, 2022.
=========
I N D I A
=========
AASTHA INFRACITY: ICRA Raises Rating on INR48cr Term Loan to B+
---------------------------------------------------------------
ICRA has upgraded the rating assigned to Aastha Infracity Limited's
(AIL) bank lines and removed it from Issuer Not Cooperating (INC)
category, owing to the company's cooperation in concluding the
rating exercise, along with a healthy traction in the sales and
execution on the company's residential project Aastha Greens.
Almost 80% of the construction cost has been incurred implying
significant mitigation of execution risk. Out of the project's 9.5
lakh square feet saleable area, it sold 7.5 lakh square feet (79%),
reducing the exposure to marketing risk. Further, ICRA's rating
draws comfort from the established track record of the promoters in
the real estate industry.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 48 [ICRA]B+ (Stable); upgraded
Term Loan from [ICRA]B (Stable) ISSUER
NOT COOPERATING
The rating is, however, constrained by AIL's modest scale of
operations, the exposure to geographical and project concentration
risks due to dependence on a single project, weak profitability of
the company's project, and large debt repayments in Q4 FY2022 and
FY2023, resulting in high dependence on bookings and collections in
the near term. ICRA also considers the intense competition in the
vicinity of AIL's project, which limits the pricing power and
profitability margin. AIL reported an operating loss of INR7.13
crore and net loss of INR7.28 crore in FY2021.
Key rating drivers and their description
Credit strengths
* Extensive experience of promoters: The company's key
shareholders: Surya Nestbuild Ltd., Nutan Construction, Kashyap
Construction and Mahesh Realtors Construction - have a long and
established track record in the real estate sector and have
successfully delivered multiple projects.
* 79% of area sold: The company has already sold 79% of the
project's units, reducing the exposure to marketing risk. Further,
with the project nearing completion, the sales may improve in the
near term.
* Advanced stage of execution: 75% of the construction work has
been completed and the project is expected to be completed in
FY2023, mitigating the execution risk to a large extent.
Credit challenges
* Modest scale of operations: The company's scale of operations are
modest, characterized by single mid-income housing project in
Greater Noida with a saleable area of 9.5 lakh sq ft.
* Large repayments in Q4 FY2022 and FY2023: The repayment in the
near term remains elevated, leading to high dependence on booking
and timely collections.
* Increased competition and poor profitability: The Greater Noida
market witnessed increased competition due to large supply getting
bunched-up owing to the state Government's attractive policies in
the region, limiting the pricing power and profitability margin of
players, including AIL, in the region. The company reported an
operating loss of INR7.13 crore and net loss of INR7.28 crore in
FY2021.
* Geographical concentration risk: The company's revenue profile is
concentrated on one project in Greater Noida, resulting in
increased geographical concentration risk.
Liquidity: Stretched
The company's liquidity position has remained stretched with free
cash and balances of INR0.87 lakh as on March 31, 2021. The
sanctioned term loan of INR48 crore has already been fully drawn
down, while the repayments remain elevated in the near term. Thus,
this increases the dependence on fresh sales and timely
collections.
Rating sensitivities
Positive factors – ICRA could upgrade AIL's rating if there is a
significant improvement in the sales, cash flows and profitability,
leading to improvement in debt protection metrics and its liquidity
position.
Negative factors – Pressure on the rating could emerge if delays
in project execution, slower-than-expected sales and collections,
or significant unbudgeted debt-funded investments, leads to further
deterioration in AIL's liquidity and leverage position.
Incorporated in 2010, AIL has started developing a residential
project - Aastha Greens - in Greater Noida West, Uttar Pradesh in
June 2015. The project has G+19 floors and saleable area of over
~9.5 lakh sq ft of saleable area. The project cost is estimated at
INR325 crore and is envisaged to be funded by debt of INR48 crore,
customer advances of INR233 crore and promoter funds of INR44.0
crore. The company is promoted by Mr. Sanjay Kumar and Mr. Arun
Kumar.
ABHIJEET HAZARIBAGH: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Abhijeet Hazaribagh Toll Road Limited
Registered office:
FE-83, Sector III
Salt Lake City, Ground Floor
Kolkata, WB 700106
India
Principal office:
79/4, Prashant Nagar
Ajni, Nagpur 440015
Maharashtra, India
Insolvency Commencement Date: February 3, 2022
Court: National Company Law Tribunal, Kolkata Bench
Estimated date of closure of
insolvency resolution process: July 5, 2022
Insolvency professional: Nirmal Kumar Agarwal
Interim Resolution
Professional: Nirmal Kumar Agarwal
Sreekunj, Block E
83, Golaghata Road
Sreebhumi
North 24 Parganas 700048
E-mail: nirmalagarwal123@rediffmail.com
- and -
24, Tara Chand Dutta Street
Near Moonlight Cinema
Kolkata 700073
E-mail: cirp.ahtrl@gmail.com
Tel: 9101295915
Last date for
submission of claims: February 17, 2022
ANANDA AQUA: ICRA Withdraws B+ Rating on INR50cr Long Term Loans
----------------------------------------------------------------
ICRA has withdrawn the rating assigned to the bank facilities of
Ananda Aqua Exports Private Limited (AAEPL) at the request of the
company and based on the No Objection Certificate received from the
banker, and in accordance with ICRA's policy on withdrawal and
suspension. However, ICRA does not have information to suggest that
the credit risk has changed since the time the rating was last
reviewed.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term
Fund Based-
Packing Credit 20.00 [ICRA]B+ (Stable); Withdrawn
Long Term
Fund Based–
Foreign Bill
Discounting 20.00 [ICRA]B+ (Stable); Withdrawn
Long Term
Fund Based–
Cash Credit 10.00 [ICRA]B+ (Stable); Withdrawn
The Key Rating Drivers, Liquidity Position, Rating Sensitivities,
have not been captured as the related instruments are being
withdrawn.
Incorporated in 1994, AAEPL exports processed shrimps and is also a
distributor of shrimp feed of the Charoen Pokphand Group. The
processed shrimps are exported to the US, Vietnam, South Africa,
China etc., while the entire shrimp feed is sold in India. AAEPL
has a shrimp processing capacity of 50 MTPD as on date.
AUTOLINE INDUSTRIES: CARE Reaffirms D Rating on INR94.98cr Loan
---------------------------------------------------------------
CARE Ratings has reaffirmed ratings on certain bank facilities of
Autoline Industries Limited (AIL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank
Facilities 94.98 CARE D Reaffirmed
Short Term Bank
Facilities 20.00 CARE D Reaffirmed
Detailed Rationale & Key Rating Drivers
The rating assigned to the bank facilities of AIL continues to
factor in the on-going delays in debt servicing due to the stressed
liquidity position.
Rating Sensitivities
Positive Factors - Factors that could lead to positive rating
action/upgrade:
* Timely repayment of its debt obligations and no instances of
delay in payment of their dues
Detailed description of the key rating drivers
Key Rating Weaknesses
* On-going delays in debt servicing: There are ongoing delays in
debt servicing with two of its lenders due to the stressed
liquidity position. The company has registered net loss of around
INR35 crore and INR2 crore in FY21 (refers to the period April 1 to
March 31) and 9MFY22 (refers to the period from April 1 to December
31) respectively.
Liquidity: Poor
The liquidity position of the company is stressed as reflected by
the delay in debt servicing of debt obligation along with high
utilization of working capital limit.
Incorporated in December 1996, AIL is engaged in manufacturing of
auto components especially sheet metal components, subassemblies
and assemblies. AIL is an integrated auto ancillary company that
designs, engineers, develops and manufactures auto components and
assemblies. The capacities have been acquired through organic and
inorganic growth. AIL's products (more than 1,000 varieties) are
used in Commercial Vehicles (CV), Passenger Cars (PC), Sports
Utility Vehicles (SUV), two-wheelers, tractors by Original
Equipment Manufacturers (OEMs) like Tata Motors Limited (rated CARE
AA-; Stable/CARE A1+ as on August 19, 2021), Mahindra & Mahindra
Limited (rated CARE AAA; Stable/CARE A1+ as on August 3, 2021),
Bajaj Auto Limited, Force Motors, General Motors and others in the
automobile industry.
BULKTAINER SHIPPING: ICRA Keeps B+ Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has retained the Long-term ratings of Bulktainer Shipping
Limited in the 'Issuer Not Cooperating' category. The ratings are
denoted as [ICRA]B+(Stable)/[ICRA]A4; ISSUER NOT COOPERATING”.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Cash Credit 4.50 [ICRA]B+ (Stable) ISSUER NOT
COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Term Loan 0.58 [ICRA]B+ (Stable) ISSUER NOT
COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Non fund-
Based limit 0.75 [ICRA]A4; ISSUER NOT
COOPERATING; Continues to
remain under the Issuer Not
Cooperating category
Unallocated 4.17 [ICRA]B+(Stable)/[ICRA]A4;
Limit ISSUER NOT COOPERATING;
Rating Continues to remain
under issuer not cooperating
category
ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.
Bulktainer Shipping Limited is engaged in multi modal logistic
operations by surface and sea transportations. The surface
transportation fleet consists of gas transportation in normal and
insulated bullets, stainless steel multi axle tankers and dry bulk
multipurpose bulkers for cement, alumina and grain transportation.
The company owns ocean going vessels in the multipurpose range
carrying containers, heavy project lifting, bulk dry cargo
including logs in the short-range trade. It has
established strong market presence in surface and sea
transportations, having a rapidly growing young and modern fleet of
vehicles and ships.The company is a closely held limited company
and the corporate office in Mumbai, with branch offices at
Vadodara, Kolkata, Haldia, Raipur, Delhi, Chennai, and Bargarh
(Odisha).
BURGEON VERTICALS: CARE Lowers Rating on INR16.18cr Loan to D
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Burgeon Verticals Private Limited (BVPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 16.18 CARE D; ISSUER NOT COOPERATING;
Facilities Revised from CARE BB-; Stable
and moved to ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. has been seeking information from BVPL to monitor
the rating(s) vide e-mail communications/letters dated November 13,
2021, March 1, 2022 among others and numerous phone calls. However,
despite CARE's repeated requests, the company has not provided the
requisite information for monitoring the ratings. In line with the
extant SEBI guidelines, CARE 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. Further, RPBPL has not paid the surveillance fees for the
rating exercise as agreed to in its Rating Agreement. The rating on
BVPL bank facilities will now be denoted as CARFE D; ISSUER NOT
COOPERATING.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The revision of ratings to the bank facilities of Burgeon Verticals
Private Limited (BVPL) is on account of confirmation from the
banker regarding its ongoing delay in servicing of term loan
instalments.
At the time of last rating on May 18, 2021, the following were the
rating strengths and weaknesses
Detailed description of the key rating drivers.
Key Rating Weaknesses
* Ongoing Delay in servicing of term loan installments: As a part
of due diligence exercise, during our interaction with lender, the
lender has confirmed that there are ongoing delays in servicing of
term loan instalments.
* Modest and fluctuating scale of operations of the group: The
total operating income of the BRG remained volatile as reflected by
total operating income of INR65.28 crore on combined basis in FY20
(P.Y INR81.36 crore). The same was declined by 19.76% in tandem
with fluctuation in demand from end users as well as loss of
revenue during last two weeks of March 2020 due to closure of
manufacturing activities. Further, as indicated by the management,
the group has booked the total operating income of ~58 crore in
FY21, which was hampered by the covid-19 specific disruptions in
April-May 2020.
* Moderate profit margins with susceptibility to volatile raw
material prices: Profitability margins of the group have improved
and remained moderate as reflected by PBILDT and PAT margins of
15.92% and 3.88% in FY20 as against 11.26% and 0.89% in FY19.
Improvement in profitability margins was assisted by incremental
contribution from manufacturing of lamination of particle boards as
against the trading during the last three years ended FY20. The
profitability margins are susceptible to prices and availability of
bagasse, which is seasonal in nature.
* Presence in highly competitive & fragmented industry: Owing to
presence of large numbers of players operating in the industry and
low degree of product differentiation, the industry remained highly
competitive and fragmented in nature limiting bargaining power of
the group. However, favorable demand supply gap in the domestic
market as well as healthy growth in demand for particle boards in
recent times provides the comfort.
Key rating Strengths
* Experienced promoter with extensive experience in the industry:
The overall operations of the group are spearheaded by Mr.
Bhupendra Limbani (Managing Director), who has an average
experience of more than a decade in the industry. The extensive
experience of the promoters in the industry has enabled the
companies to garner good relations with its key customers and
suppliers.
* Comfortable capital structure and moderate debt coverage
indicators: The capital structure of the group continues to remain
comfortable with an overall gearing ratio of 0.52x as on March
31,2020 as against 0.69x as on March 31, 2019. The same was
improved on account of reduced debt levels and accretions of the
profits to the reserves. The adjusted gearing for investment in
affiliates and subsidiaries stood at 1.00x as of March 31,2020. The
debt coverage indicators stood moderate reflected by interest
coverage and total debt to GCA of 2.78x and 4.50x during FY20(P.Y
2.58x and 5.46x) respectively. Slight improvement in debt coverage
indicators was on account of improved profitability and reduced
debt levels.
* Synergies derived from management, operational and financial
linkages: BVPL and RPBPL are promoted and managed by common top
management, engaged in similar line of business, share operational
synergies in terms of interdependent manufacturing setup and joint
marketing channels. Further, BVPL has extended need-based financial
support to all the group companies including RPBPL through
unsecured loans. BVPL makes the bulk purchases of the bagasse (key
raw material for particle boards) and manufactures the particle
boards (semi-finished goods), which are further processed by RPBPL
and final goods are sold to external customers.
* Wide & varied end-use applications of particle boards: Particle
boards are inexpensive and versatile, thereby finding wide & varied
end-use applications in various furnishings & floorings at
residential & commercial spaces. The said boards are used in
furniture, office cabinets, home accents & décors, flooring,
roofing, insulation, etc. Moreover, the same are also available in
various varieties & price categories.
Analytical approach: Combined
CARE has combined the financials of Burgeon Verticals Private
Limited (BVPL) and Rangoli Particle Boards Private Limited (RBPL)
together referred as Burgeon Group (BRG). The combined view was
taken due to common management, similar line of business,
operational and financial linkages between the companies.
Incorporated in 2012 by Mr. Bhupendra Limbani with his brother Mr.
Govind Patel and other family members, Burgeon Verticles Private
Limited (Previously Patidar Boards Private Limited) is engaged in
manufacturing of prelaminated bagasse-based particle boards.
CITY MALL: Insolvency Resolution Process Case Summary
-----------------------------------------------------
Debtor: City Mall Developers Private Limited
Registered office:
Perfect Chamber 36
Ganesh Chandra Avenue
Kolkata, West Bengal 700013
Head office:
A-7, Anupam Nagar
Raipur, Chhattisgarh 492001
Site office:
"City Mall 36", G.E. Road
N.H.06, Raipur
Chhattisgarh 492006
Insolvency Commencement Date: March 8, 2022
Court: National Company Law Tribunal, Bhopal Bench
Estimated date of closure of
insolvency resolution process: September 4, 2022
Insolvency professional: Sajjan Kumar Dokania
Interim Resolution
Professional: Sajjan Kumar Dokania
25, Globus Fab City
Kolar Road, Chuna Bhatti
Near Suyash Hospital
Bhopal, Madhya Pradesh 462016
E-mail: sajjan_suman@hotmail.com
Last date for
submission of claims: March 22, 2022
COURSECUBE PRIVATE: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Coursecube Private Limited
No. 57, 7th Main
N. S. Palya, Subharaju Garden
BTM 2nd Stage, Bengaluru
Karnataka 560076
Insolvency Commencement Date: February 7, 2022
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: August 6, 2022
(180 days from commencement)
Insolvency professional: Manishkumar Patel
Interim Resolution
Professional: Manishkumar Patel
1, Vishram Apartment
LBS Road, Opp. 3 Petrol Pump
Thane, Maharashtra 400602
E-mail manish@ipmanish.com
Last date for
submission of claims: February 21, 2022
DNYANYOGI SHRI SHIVKUMAR: Insolvency Resolution Case Summary
------------------------------------------------------------
Debtor: Dnyanyogi Shri Shivkumar Swamiji Sugars Limited
Banashankari Complex
Opp. Anand Hospital
Akkamahadevi Road
Bilapur 586101
Karnataka
Insolvency Commencement Date: March 9, 2022
Court: National Company Law Tribunal, Belgaum Bench
Estimated date of closure of
insolvency resolution process: September 3, 2022
(180 days from commencement)
Insolvency professional: Pavitra Vyas
Interim Resolution
Professional: Pavitra Vyas
CCB 52, 3rd Floor
Opp. Shivaji Garden
Dr. SPM Road
Khade Bazar, Shahapur
Belgavi 590003
Karnataka
E-mail: cspavitravyas@gmail.com
- and -
1st Floor, Manoj Arcade Building
Guruwarpeth, Tilakwadi
Belagavi 590006
E-mail: dssksugarscirp@gmail.com
Last date for
submission of claims: March 21, 2022
EDUCATION DEVELOPMENT: Voluntary Liquidation Process Case Summary
-----------------------------------------------------------------
Debtor: Education Development Center India
M 18, Green Park Extension
New Delhi 110016
Liquidation Commencement Date: February 28, 2022
Court: National Company Law Tribunal, Bangalore Bench
Insolvency professional: Vinod Sunder Raman
Interim Resolution
Professional: Vinod Sunder Raman
318, 19th Main
41st Cross, 5th Block
HBR Layout, Bengaluru 560043
E-mail: vinod@vrconsulting.biz
Tel: +91-9845884410
Last date for
submission of claims: March 30, 2022
ESWARI EXPORTS: Insolvency Resolution Process Case Summary
----------------------------------------------------------
Debtor: M/s. Eswari Exports Private Limited
Current office:
Flat/Office 103, Aditya Trade Center
Ameerpet, Hyderabad
Telangana 500038
Previous Registered office:
HNo. 6-3-1099/1/14 & 15
Flat No. 301, Lake Melody Apts
Near Katriya Hotel
Raj Bhavan Road
Somajiguda, Hyderabad
TG 500082
IN
Insolvency Commencement Date: March 3, 2022
Court: National Company Law Tribunal, Hyderabad Bench
Estimated date of closure of
insolvency resolution process: August 30, 2022
Insolvency professional: CS Dr Ahalada Rao Vummenthala
Interim Resolution
Professional: CS Dr Ahalada Rao Vummenthala
Flat No. 113, Block-B
Sri Datta Sai Commercial Complex
Opp. Sapthagiri Theatre
RTC X Roads, West Marredpally
Telangana 500020
E-mail: rp.ahaladarao@gmail.com
- and –
Sankalp Restructuring Private Limited
Insolvency Resolution Professional Entity
Unit # 113, 1st Floor
Manjeera Trinity Corporate
K P H B Phase 3, Kukatpally
Hyderabad, Telangana 500072
E-mail: ip.eswariexports@gmail.com
Last date for
submission of claims: March 17, 2022
GLOWMORE FINANCE: ICRA Withdraws B Rating on INR10cr LT Loan
------------------------------------------------------------
ICRA has withdrawn the ratings on certain bank facilities of
Glowmore Finance Pvt. Ltd. (GFPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term
bank lines 10.00 [ICRA]B (Stable); Withdrawn
Rationale
The outstanding rating on the INR10-crore bank lines program of
GFPL was withdrawn in accordance with ICRA's policy on the
withdrawal of credit ratings and as requested by the company.
However, ICRA does not have information to suggest that the credit
risk has changed since the time the rating was last reviewed. The
key rating drivers, liquidity position, rating sensitivities, and
key financial indicators have not been captured as the related
instrument is being withdrawn.
Glowmore Finance Pvt. Ltd. (GFPL) is a non-banking financial
company (NBFC) with its registered and corporate office in Ganjam,
Odisha. The company promotes financial inclusion by extending
products and services in the micro-credit space. It primarily
offers collateral-free loans to rural women through the joint
liability group (JLG) model. GFPL had a network of nine branches
across two districts of Odisha as of December 31, 2020.
GOPISHA HOLDINGS: Voluntary Liquidation Process Case Summary
------------------------------------------------------------
Debtor: Gopisha Holdings Private Limited
105/106 Stellar Tower
Lokhandwala Complex
Andheri-W, Mumbai
MH 400053
Liquidation Commencement Date: March 1, 2022
Court: National Company Law Tribunal, Mumbai Bench
Insolvency professional: Ms. Kala Agarwal
Interim Resolution
Professional: Ms. Kala Agarwal
801, Embassy Centre
Jamnalal Bajaj Road
Nariman Point
Mumbai 400021
E-mail: pcskalaagarwal@gmail.com
Mobile: 07021597117
9819888185
Last date for
submission of claims: March 30, 2022
INSTART LOGIC: Voluntary Liquidation Process Case Summary
---------------------------------------------------------
Debtor: Instart Logic India Private Limited
Flat No. 4126, 12th Floor
Rainforest Apartments
Panathuru Main Road
Balagere Village Varthur
Hobli Bangalore Rural 560087
Liquidation Commencement Date: February 28, 2022
Court: National Company Law Tribunal, Bangalore Bench
Insolvency professional: Dilip Kumar Parasmal
Interim Resolution
Professional: Dilip Kumar Parasmal
Unit F-5 & F-6, First Floor
Sampurna Chambers, No. 13
Vasavi Temple Street
VV Puram, Bangalore 560004
E-mail: dilip@pdka.in
Tel: 9341218974
Last date for
submission of claims: March 29, 2022
J.R. FOODS LIMITED: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: J.R. Foods Limited
J K Towers
100 Feet Road
Pondicherry 605013
Insolvency Commencement Date: February 11, 2022
Court: National Company Law Tribunal, Chennai Bench
Estimated date of closure of
insolvency resolution process: August 10, 2022
(180 days from commencement)
Insolvency professional: B. Ramana Kumar
Interim Resolution
Professional: B. Ramana Kumar
I Floor (Rear Side)
51A Dr Ranga Road
Mylapore, Chennai 600004
E-mail: rpjrfoods11222@gmail.com
Last date for
submission of claims: February 28, 2022
JAIPUR TUFFEN: CARE Moves B- Debt Rating to Not Cooperating
-----------------------------------------------------------
CARE Ratings has migrated ratings on certain bank facilities of
Jaipur Tuffen Glass Industries Private Limited (JTPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 13.02 CARE B-; Stable; ISSUER NOT
Facilities COOPERATING; Rating moved to
ISSUER NOT COOPERATING
Category
Detailed Rationale & Key Rating Drivers
JTPL has not paid the surveillance fees for the rating exercise as
agreed to in its Rating Agreement. In line with the extant SEBI
guidelines, CARE Ratings Ltd's rating on JTPL's bank facilities
will now be denoted as CARE B-; Stable; ISSUER NOT COOPERATING.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The rating assigned to the bank facilities of Jaipur Tuffen Glass
Industries Private Limited (JTPL) continues to remain constrained
on account of its small scale of operations with net loss in FY21
(FY refers to the period April 1 to March 31), weak solvency
position as well as debt coverage parameters. The rating, further,
continues to remain constrained on account of its presence in the
highly competitive and fragmented glass industry. The rating,
however, continue to derives strength from experienced management
in the glass industry.
Detailed description of the key rating drivers
At the time of last rating on January 5, 2021 the following were
the rating strengths and weaknesses (updated from information
available from client):
Key Rating Weakness
* Small scale of operations with net loss: The overall scale of
operations of the JTPL was in line with FY20 and remained small
marked by its total operating income (TOI). JTPL posted a TOI of
INR16.11 crore as per audited result of FY21 compared to INR16.61
crore in FY20. However, JTPL has been able to curtail its losses
from last year as a result of lower cost of sales along with lower
interest costs and reported a net loss of INR0.003 crores in FY21
as compared to a loss of INR0.54 crore last year. Resultantly,
gross cash accruals (GCA) has also increase marginally from INR1.06
crore in FY20 to INR1.38 crore in FY21.
* Weak solvency position as well as debt coverage indicators: The
capital structure of JTPL remained highly leveraged with an overall
gearing stood at 5.25 times as on March 31, 2021, deteriorating
from 4.84 times as of March 31, 2020 on account of increase in debt
level by availing additional vehicle and MSME loans in FY21 along
with low tangible net-worth base. JTPL's the debt coverage
indicators have improved marginally, on account of increase in GCA
levels, but remained weak marked by total debt/ GCA of 12.15 years
as on March 31, 2021 (P.Y. 14.53 years). Further, Interest coverage
ratio also stood moderate at 2.24 times in FY21 improving from 1.84
times in FY20 mainly due to lower interest costs in FY21.
* Presence in the highly competitive and fragmented industry: The
company operates in the highly competitive industry with presence
of many small and mid-size players in the industry lead to high
level fragmentation in the industry. The intense competition in the
industry leads to competitive pricing strategy adopted by the
company resulted in low profit margins. The same has further leads
to liberal credit policies adopted by the company due to low
bargaining power of the company against its customers.
Key rating Strength
* Experienced management in the glass industry: Overall affairs of
the company are looked after by the directors, Mr Satish Shah and
Mr. Shailesh Shah who have around two decades of experience in the
glass industry. Further, the promoters of JTPL have been engaged in
the glass industry since 1974 through its group concerns, M/s
Jaipur Glass House (JGH) and M/s Glass Art Palace (GAP).
Jaipur-based (Rajasthan) Jaipur Tuffen Glass Industries Private
Limited (JTPL) was incorporated in November, 2013 by Mr. Shailesh
Shah, Mr. Bal Kishan Shah, Mr. Satish Shah and Mrs. Vimla Shah. The
company has commenced its commercial operations from July, 2017.
JTPL is engaged in manufacturing of toughened glass,
heat-strengthened glass, laminated glass and insulated glass.
Toughened glass finds its applications in automobiles, buildings &
structures, food service & restaurants, etc. whereas insulated
glass finds its applications in commercial & residential fixed &
operable windows, curtain walls, storefronts, sloped/overhead
glazing etc. The products manufactured by the company are sold
across India.
JINDAL INFRASTRUCTURE: CARE Keeps C Debt Rating in Not Cooperating
------------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Jindal
Infrastructure (JI) continue to remain in the 'Issuer Not
Cooperating ' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 11.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category
Short Term Bank 4.00 CARE A4; 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 JI under the 'issuer non-cooperating'
category as JI 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. JI continues to be
non-cooperative 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).
Jindal Infrastructure (JI) was established as a partnership firm in
2009 by Mr. Mukesh Kumar Agrawal and Mr. Vishnu Prasad Agrawal
based out of Chhattisgarh. Since its inception, the firm has been
engaged in civil construction activities in the segment like
construction of buildings, bridges, roads, etc. The firm is
classified as A5 class contractor by Public Works Division,
Chhattisgarh which indicates that the firm can participate for
higher value contracts released by government departments. JI
participates in tenders and executes orders for the Public Works
Department (Chhattisgarh), Irrigation Department, etc.
KAGAZ PRINT-N-PACK: Insolvency Resolution Process Case Summary
--------------------------------------------------------------
Debtor: Kagaz Print-N-Pack India Private Limited
D-18, 1st Floor
Sarawasati Garden
New Delhi
E-mail: kagazpnp@gmail.com
- and –
Plot No. 9B, 9C, Phase-1
RIICO Industrial Area
Neemrana, Alwar
Rajasthan 310705
Insolvency Commencement Date: February 28, 2022
Court: National Company Law Tribunal, New Delhi Bench
Estimated date of closure of
insolvency resolution process: August 22, 2022
(180 days from commencement)
Insolvency professional: Mr. Aishwarya Mohan Gahrana
Interim Resolution
Professional: Mr. Aishwarya Mohan Gahrana
4, Birbal Marg, 2nd Floor
Jangpura Extension
New Delhi 110014
India
E-mail: aishwaryam_gahrana@yahoo.com
cirp.kagazpp@gmail.com
Last date for
submission of claims: March 14, 2022
KARAN LETEX: CARE Withdraws B+ Rating on LT/ST Bank Term Loans
--------------------------------------------------------------
CARE Ratings has withdrawn the ratings on certain bank facilities
of Karan Letex Limited (KLL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank - Rating continues to remain
Facilities under ISSUER NOT COOPERATING
category; Reaffirmed at
CARE B+; Stable; ISSUER NOT
COOPERATING and Withdrawn
Short Term Bank - Rating continues to remain
Facilities under ISSUER NOT COOPERATING
category; Reaffirmed at
CARE A4; ISSUER NOT
COOPERATING and Withdrawn
Detailed Rationale, Key Rating Drivers
CARE has reaffirmed and withdrawn the outstanding ratings of CARE
B+; Stable; Issuer Not Cooperating/CARE A4; Issuer Not Cooperating
assigned to the bank facilities of KLL with immediate effect.
The ratings are constrained on account of exposure to volatility in
raw material prices and forex fluctuations as well as presence in a
highly fragmented industry characterized by intense competition.
The ratings however derive strength from extensive experience of
the promoters as well as moderate financial risk profile of the
company.
The rating withdrawal is at the request of KLL and 'No Objection
Certificate' received from the bank that has extended the
facilities rated by CARE.
Detailed description of the key rating drivers
At the time of last rating on November 16, 2021 the following were
the rating strengths and weaknesses:
Key Rating Weaknesses
* Exposure to volatility in raw material prices and forex
fluctuations: Although the company utilizes forward contract for
partially hedging its foreign currency exposure, any adverse
movement in exchange rates can still erode company's profits.
Further raw material used by KLL includes leather & fabric, prices
for which are highly volatile in nature. With major chunk of the
cost comprising of raw materials, any sudden movement in raw
material prices could affect the profitability.
* Highly fragmented industry characterized by intense competition:
KLL operates in a highly fragmented industry dominated by a large
number of independent and small-scale unorganized players leading
to high competition among them. The smaller companies in general
are more vulnerable to intense competition due to their limited
pricing flexibility, which constrains their profitability as
compared to larger companies who have better efficiencies and
pricing power considering their scale of operations.
Key Rating Strengths
* Experienced promoters with established track record of
operations: Karan Letex Limited (KLL) incorporated in 1993; is
promoted by Mr. Deep Kumar Garg and Mr. Bharat Garg who have more
than two decades of experience in textile industry. The company
since its inception has been manufacturing breeches (leg wear for
horse riding) and export them to wholesalers & retailers dealing in
sportswear and equestrian clothing (for horse riding) in various
countries such as Germany, Canada, USA and Netherlands.
* Moderate financial risk profile: Overall financial risk profile
of the KLL remained moderate marked by moderate scale of operation,
comfortable profitability, comfortable capital structure and
satisfactory debt coverage parameters. The scale of operation
marled by total operating income although declined over previous
year but remained moderate at INR155.28 crore against INR160.81
crore during FY19. However, profitability of the KLL was
comfortable marked by PBILDT margin and PAT margin of 22.33% and
16.56% in FY20 improved over 19.62% and 12.56% respectively in
FY19. Resultantly, gross cash accruals (GCA) also remained adequate
at INR27.20 crore in FY20.
KLL's capital structure remained comfortable marked by an overall
gearing of 0.20x as on March 31, 2020 (0.14x in the PY) as a result
of lower reliance on debt along with adequate networth base.
Further, Debt coverage indicators also remained satisfactory as a
result of comfortable profitability with comfortable leveraged
position, marked by total debt to GCA ratio of 0.49 years as on
March 31, 2020 (0.25 years as of March 31, 2019). Further, an
interest coverage also was comfortable at 29.72x during FY20
compared to 25.16x during FY19.
Karan Letex Limited (KLL) was initially incorporated as Karan Latex
Pvt Ltd in 1993 and later on it was reconstituted as a public
limited company in July 1995. The company is promoted by Mr. Deep
Kumar Garg and Mr. Bharat Garg who have around two decades of
experience in textile industry. KLL is into manufacturing of
breeches (leg wear for horse riding) at its two plants located in
Kanpur, Uttar Pradesh. The company manufactures breeches and
supplies them to wholesalers & retailers dealing in sportswear and
equestrian clothing (for horse riding). The raw material consists
mainly of fabrics like cotton, polyester, other special fabrics and
artificial leather which are imported from China and Korea. The
accessories like buttons, zippers and tags are purchased from the
domestic suppliers. KLL exports its products to countries namely
Germany, Canada, USA and Netherlands. The group associates are
Karan Holdings Pvt. Ltd. and Impact Media Pvt. Ltd. which are into
the investment business.
KESAR MULTIMODAL: Insolvency Resolution Process Case Summary
------------------------------------------------------------
Debtor: Kesar Multimodal Logistics Limited
Oriental House
7, Jamshedji Tata Road
Churchgate, Mumbai 400020
Insolvency Commencement Date: March 4, 2022
Court: National Company Law Tribunal, Mumbai Bench
Estimated date of closure of
insolvency resolution process: August 31, 2022
(180 days from commencement)
Insolvency professional: Mr. Prashant Jain
Interim Resolution
Professional: Mr. Prashant Jain
A501, Shanti Heights
Plot No. 2, 3, 9
B/10, Sector 11
Koparkharine, Thane
Navi Mumbai, Maharashtra 400709
E-mail: ipprashantjain@gmail.com
- and -
B/610, BSEL Techpark
Oppo. Vashi Railway Station
Vashi, Navi Mumbai 400703
E-mail: kmll.cirp@gmail.com
Last date for
submission of claims: March 18, 2022
LMJ INTERNATIONAL: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
ICRA has retained the Long-term and Short-term ratings of LMJ
International Limited (LIL) in the 'Issuer Not Cooperating'
category. The ratings are denoted as [ICRA]D/[ICRA]D; ISSUER NOT
COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Cash Credit 66.75 [ICRA]D ISSUER NOT COOPERATING;
Rating continues to remain under
'Issuer Not Cooperating'
Category
Stand by Line 2.70 [ICRA]D; ISSUER NOT COOPERATING;
Of Credit Rating continues to remain under
'Issuer Not Cooperating'
Category
Pre/Post 104.25 [ICRA]D; ISSUER NOT COOPERATING;
Shipment Credit Rating continues to remain under
'Issuer Not Cooperating'
Category
Letter of 314.00 [ICRA]D; ISSUER NOT COOPERATING;
Credit Rating continues to remain under
'Issuer Not Cooperating'
Category
Bank Guarantee 16.00 [ICRA]D; ISSUER NOT COOPERATING;
Rating continues to remain under
'Issuer Not Cooperating'
Category
Unallocated 43.00 [ICRA]D; ISSUER NOT COOPERATING;
Limits Rating continues to remain under
'Issuer Not Cooperating'
Category
ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.
Established as a partnership firm in 1968, LMJ International
limited (LIL) was converted into a closely-held public limited
company in 1992. The company is primarily involved in the trading
of agro and non-agro commodities in domestic as well as
international markets. Besides, the company is involved in the
processing of few agro products like rice, wheat, pulses and
coffee. The company has its processing units located in Kushalnagar
(Karnataka), Coimbatore (Tamil Nadu), Vizag (Andhra Pradesh),
Panipat (Haryana) and Sankrail (West Bengal). Apart from these, LIL
also provides storage facilities to various parties with its
warehouses located at Kushalnagar (Karnataka), Vizag (Andhra
Pradesh), Panipat (Haryana), Sankrail (West Bengal) and Kolkata
(West Bengal). The company is an ISO 22000:2005 certified and a
Government-recognised export house.
MAGIC CERAMIC: CARE Reaffirms B+ Rating on INR7.31cr LT Loan
------------------------------------------------------------
CARE Ratings has reaffirmed the ratings on certain bank facilities
of Magic Ceramic (MC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank
Facilities 7.31 CARE B+; Stable Reaffirmed
Short Term Bank
Facilities 1.75 CARE A4 Reaffirmed
Detailed Rationale & Key Rating Drivers
The ratings assigned to the bank facilities of MC continue to
remain constrained on account of modest scale of operations, thin
profitability, elongation in working capital cycle, moderate
capital structure and weak debt coverage indicators in FY21 (FY;
refers to the period April 1 to March 31). The ratings, further,
continue to remain constrained on account of partnership nature of
constitution, susceptibility of profit margins to fluctuation in
prices of raw materials, fuel costs and foreign exchange
fluctuation risks and presence in highly competitive ceramic
industry with fortunes linked to demand from cyclical real estate
sector. The ratings, however, continue to derive strength from its
vast experience of promoters along with established marketing and
distribution network and a diversified clientele base along with it
being located in the ceramic hub with easy access to raw material,
fuel and labour.
Rating Sensitivities
Positive Factors - Factors that could lead to positive rating
action/upgrade:
* Increase in scale of operations by 50% with reporting PAT margin
above 5%
* Improvement in working capital cycle by 40 days or more
* Improvement in capital structure led by overall gearing of 1.5
times or lower on sustained basis with an improvement in debt
coverage indicators as marked by Total Debt to GCA (TDGCA) to 10
years or lower on a sustained basis
Negative Factors - Factors that could lead to negative rating
action/downgrade:
* Decline in Total Operating Income (TOI) and PBILDT by more than
20% with reporting losses
* Deterioration in capital structure led by overall gearing ratio
to more than 3 times
* Further elongation in operating cycle leading to pressure on
liquidity
Detailed description of the key rating drivers
Key Rating Weakness
* Modest scale of operations and thin profitability: The scale of
operations of MC marked by TOI declined however remained modest at
INR21.53 crore during FY21 as against TOI of INR23.16 crore during
FY20. MC's profitability improved but remained moderate as marked
by PBILDT Margin at 9.26% during FY21 as against 7.59% during FY20
due to reduction in power and fuel costs. However, with higher
depreciation and interest costs, MC reported PAT of INR0.05 crore
during FY21 as against net loss of INR0.62 Crore during FY20.
* Elongation in working capital cycle: The operating cycle of MC
further elongated from 142 days during FY20 to 169 days during FY21
owing to increase in the average Collection period from 217 days to
241 days. However, trade receivables have reduced in absolute
terms. Further, the Gross Current Asset days also remained high at
340 days. Moderate capital structure and weak debt coverage
indicators The capital structure of the firm remained moderate as
marked by an overall gearing of 1.89 times as on March 31, 2021, as
against 1.78 times as on March 31, 2020, mainly due to decrease in
total net worth due to withdrawal of capital by partners. The debt
coverage indicators of MC improved and remained moderate marked by
TDGCA of 11.02 years as of March 31, 2021 as against 21.80 years as
of March 31, 2020 owing to decrease in the total debt level during
FY21. Total debt reduced owing to scheduled repayment of term loans
from banks and NBFCs along with lower utilization of working
capital bank borrowings as on balance sheet date. The interest
coverage ratio also improved and continued to remain modest at 2.09
times during FY21 as against 1.43 times during FY20.
* Partnership nature of constitution: The constitution as a
partnership firm restricts MC's overall financial flexibility in
terms of limited access to external funds for any future expansion
plans. Further, there is inherent risk of possibility of withdrawal
of capital in times of personal contingency as it has limited
ability to raise capital and poor succession planning may result in
dissolution of the firm.
* Susceptibility of profit margins to fluctuation in prices of raw
materials, fuel costs and foreign exchange fluctuation risks:
Prices of raw material i.e. clay is market-driven and puts pressure
on the margins of tile manufacturers. Another major cost component
is fuel expenses in the form of natural gas, which keeps on
fluctuating as per global demand-supply scenarios. MC's ability to
source piped natural gas at competitive rates and its ability to
control its cost structure remain crucial especially in light of
competitive environment. Also, the entity exports part of its
products to various countries, which expose its profit margins to
foreign exchange fluctuation risks in absence of active foreign
exchange hedging policy.
* Presence in highly competitive ceramic industry with fortunes
linked to demand from cyclical real estate sector: MC operates in
highly competitive segment of the ceramic industry marked by low
entry barriers, presence of large number of organized and
unorganized players with capex planned by existing players in the
industry as well as new entrants. Further, demand for such products
is directly linked with that of growth of real estate sector which
in turn is cyclical in nature.
Key Rating Strength
* Vast experience of promoters along with established marketing and
distribution network and a diversified clientele base: MC is
promoted by Mr. Prabhulal Detroja, Mr. Vishal Detroja and Mr.
Rashiklal Detroja. The key promoters have experience of more than a
decade in the ceramic industry. MC markets its products across
various states in India as well as overseas market and caters to
demand from domestic and overseas customers spread across Middle
East Countries such as Dubai, Oman etc.
* Located in the ceramic hub with easy access to raw material, fuel
and labor: The manufacturing unit of MC is located at Morbi
(Gujarat) which is one of the largest ceramic clusters in India.
Majority of total ceramic tiles production in India comes from the
Morbi cluster that houses more than 600 units engaged in
manufacturing of wall tiles, vitrified tiles, floor tiles, sanitary
wares, roofing tiles and others such products. It provides easy
access to raw material, fuel and labor.
Liquidity analysis: Stretched
Liquidity position of MC continued to remain stretched during FY21
marked by Gross accruals of INR1.04 crore during FY21 as against
INR0.55 Crore during FY20. Cash and bank balance improved however
remained low at INR0.19 crore as of March 31,2021 as against 0.10
crore as on March 31, 2020. Net cash flow from operating activities
improved and remained modest at Rs 2.49 crore during FY21 as
against INR1.57 Crore during FY20. Average working capital limits
utilization remained almost full during past twelve months period
ended February 2022. MC has availed moratorium of 6 months from
March 2020 to August 2020 for its term loan principal and interest
as well as cash credit interest under COVID-19 relief measures,
thus providing liquidity cushion to a certain extent. Additionally,
MC has availed Covid Emergency Loan of INR0.70 Crore and INR1.79
crore, both of which are fully disbursed.
Morbi (Gujarat) based Magic Ceramic (MC) was established in January
2010 as partnership firm and promoted by Mr. Prabhulal Detroja, Mr.
Vishal Detroja and Mr. Rashiklal Detroja. MC has set up a plant in
Morbi (Gujarat) for manufacturing of glazed vitrified tiles (GVT)
tiles and wall tiles with an installed capacity of 27,000 Metric
Tonnes Per Annum as of March 31, 2021. MC sells its products pan
India and also exports in countries like Dubai, Oman etc.
MALPEFRESH MARINE: ICRA Withdraws B Rating on INR10cr LT Loan
-------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Malpefresh Marine Export Private Limited at the request of the
company and based on the No Due Certificate received from its
banker. However, ICRA does not have information to suggest that the
credit risk has changed since the time the rating was last
reviewed. The Key Rating Drivers, Liquidity Position, Rating
Sensitivities, Key financial indicators have not been captured as
the rated instruments are being withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 10.00 [ICRA]B (Stable); ISSUER NOT
Fund Based/ COOPERATING; Withdrawn
Term Loan
Malpefresh Marine Export Private Limited, located in Kundapura
Taluk situated at the centre of Karnataka's coastal belt, was
incorporated in October 2014. The company is currently in the
set-up phase with around 80% of the project yet to be completed.
The expected Commercial Operation Date is January 2017. The company
would be engaged in exporting of processed seafood to Southeast
Asian countries like Malaysia, Singapore, Taiwan and Hong Kong
among others, China, Middle East and African countries. The
varieties of fish to be exported include Cuttle Fish, Mackerel,
Squid, Reef Cod, Ribbon Fish, Sardine Fish and King Fish.
MEDEOR HOSPITAL: CARE Reaffirms D Rating on INR451.04cr LT Loan
---------------------------------------------------------------
CARE Ratings has reaffirmed the ratings on certain bank facilities
of Medeor Hospital Limited (MHL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank
Facilities 451.04 CARE D Reaffirmed
Short Term Bank
Facilities 58.00 CARE D Reaffirmed
Detailed Rationale & Key Rating Drivers
The rating assigned to the bank facilities of MHL continues to
factor in ongoing - delays in debt servicing by the company.
Improvement in the financial profile of MHL with regularization of
payments on sustained basis is a key rating monitorable going
forward.
Rating Sensitivities
Positive Factors - Factors that could lead to positive rating
action/upgrade:
* Improvement in operational performance on sustained basis.
Negative Factors- Factors that could lead to negative rating
action/downgrade: NA
Detailed description of the key rating drivers
Key Rating Weaknesses
* Delay in servicing of debt obligations: As per the discussion
with the banker, there are ongoing delays in repayment of debt
obligation mainly on account of its poor liquidity, reduced scale
of operations. Promoters have been infusing funds to meet the debt
obligations. COVID – 19 has impacted the revenues and
profitability of Medeor Hospital in the mid-March 31, 2020 and
continued subsequently with a decline in occupancy impacting
significantly the hospital business revenues, profitability, and
cash flows.
Liquidity: Poor
Liquidity is poor with ongoing delays in the debt servicing of bank
facilities. The interest servicing is done through support from
promoter group and financial support from the holding company VPS
Healthcare Private Limited in the form of capital infusion through
rights issue of shares.
Medeor Hospital Limited was incorporated in 2004 and in 2016 the
same was acquired by VPS Health care group of Dubai, an integrated
healthcare service provider with 24 operational hospitals, over 125
health centers, 10,000 employees, and medical support services
spread across the Middle East, Europe, and India. Medeor Hospitals
is a chain of multi-specialty hospitals strategically located in
Delhi NCR at Qutab, Dwarka, and Manesar (Gurugram) with a combined
capacity of 808 beds.
MILSHA AGRO: ICRA Reaffirms B Rating on INR9.75cr LT Loan
---------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Milsha
Agro Exports Private Limited (MAEPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term
Fund-based–
Term Loans 4.25 [ICRA]B (Stable); reaffirmed
Long-term
Fund-based–
Packing Credit 9.75 [ICRA]B (Stable); reaffirmed
Long-term
Fund-based–
Foreign
Documentary
Bills for Purchase 5.00 [ICRA]B (Stable); reaffirmed
Short-term
Non-Fund-based–
Forward Contract
Limit 1.00 [ICRA]A4; reaffirmed
Rationale
The reaffirmation of the ratings considers the significant decline
in the scale of operations of MAEPL in FY2021. Although the same is
likely to revive in the current fiscal, the overall scale would
remain at a relatively lower level. The working capital intensity
of operations increased significantly to 64% in FY2021 from 22% in
FY2020 primarily due to high inventory holding vis-a-vis the scale
of operations, impacting the company's liquidity position. MAEPL's
financial profile remains weak, as reflected by a low net worth
position, leveraged capital structure and depressed coverage
indicators. Any adverse changes in Government policies pertaining
to the export incentives etc. can affect the profitability of the
company as ~83% of its sales comes from exports. MAEPL is also
exposed to forex fluctuation risks with no formal hedging policy in
place to mitigate the same. Fragmented nature of the domestic
sea-food industry and intense competition from international
players limit the company's pricing flexibility and bargaining
power, putting pressure on the margins. Further, MAEPL remains
exposed to adverse climatic conditions and disease outbreaks, which
can affect the quality of shrimp farmed, thereby impacting sales
and/ or margins. Additionally, adverse changes in trade policies of
importing nations can affect the business profile of all domestic
processors, including MAEPL.
The ratings, however, favorably factor in the long experience of
the promoters in the sea-food industry. The ratings also consider
the benefits arising from the favorable location of the company's
processing facilities in proximity to the major aquaculture region
of West Bengal and the improvement in the operating margin
witnessed in FY2021.
The Stable outlook on the [ICRA]B rating reflects ICRA's opinion
that MAEPL will be able to sustain its business position while
maintaining profitability.
Key rating drivers and their description
Credit strengths
* Long experience of the management: MAEPL was promoted by Mr. Ram
Milan Singh and is currently run by his son and grandson, who have
long experience in the sea-food industry.
* Location-specific advantages: The company's facilities are
located in proximity to the major aquaculture belt of West Bengal,
which meets around ~60% of its raw material requirements, resulting
in regular availability of the same at a low landed cost. The
balance raw material requirement is sourced from Andhra Pradesh
(~20%) and Odisha (~20%).
Credit challenges
* Significant decline in the scale of operations in FY2021;
recovery likely in FY2022 to an extent: The company's revenue
declined to INR21.82 crore in FY2021, a ~58% decline on a YoY
basis. However, in the current fiscal, MAEPL's scale of operations
is set to increase as the company has already achieved sales of
INR32.4 crore in 9M FY2022 (provisional). Nevertheless, the
company's scale of operations would remain at a relatively lower
level.
* Considerable increase in working capital intensity of operations
impacting liquidity: MAEPL's working capital intensity increased to
64% in FY2021 from 22% in FY2020 primarily because of a higher
inventory holding period, which increased to 344 days in FY2021
from 128 days in FY2020. The high inventory holding period has
negatively impacted the company's liquidity, as reflected by the
high utilisation of the working capital limits.
* Weak financial risk profile characterised by low net worth, an
aggressive capital structure and depressed coverage indicators: The
company's capital structure has remained leveraged over the years
due to its low net worth base and high debt levels. MAEPL's gearing
increased to 3.06 times as on March 31, 2021 from 2.78 times on
March 31, 2020 due to an increase in the overall debt level. The
coverage indicators also remain depressed, as reflected by the
total debt/OPBDITA of 5.31 times and NCA/TD of 8.4% in FY2021.
* Vulnerability to adverse changes in export incentives,
international trade policies and forex risk: MAEPL derives ~83% of
its sales from export and its profitability is supported by the
export incentives received from the Government of India (GoI). The
GoI replaced the Merchandise Exports from India Scheme (MEIS) with
the Remission of Duties and Taxes on Export Products (RoDTEP)
scheme in January 2021. The rate of incentive under RoDTEP is 2.5%
against 5% received under MEIS earlier. Such reduction in export
incentive and adverse changes in trade policies of importing
nations can hamper the business profiles of all domestic shrimp
processors, including MAEPL. The company is also exposed to forex
risks as it does not have any formal hedging policy.
* Fragmented nature of the industry and exposure to inherent
industry risks: The Indian shrimp export industry is highly
fragmented with a few large players and several small processors.
In addition to intense competition in the domestic market, Indian
exporters face competition from countries like Ecuador, Indonesia
and Vietnam, which are major global producers of shrimps. Stiff
competition and low value-added nature of the products limit
MAEPL's bargaining power and pricing flexibility, putting the
margins under check. Adverse agro-climatic conditions and virus
contamination can affect the quality of shrimps and consequently
affect the sales.
Liquidity position: Poor
The liquidity of the company is poor. MAEPL's cash flow from
operations stood negative at INR0.9 crore in FY2021 due to a
significant increase in the working capital intensity, primarily
caused by high inventory levels. The utilization of the working
capital limits also remained high at ~90% during January 2021 to
January 2022. Although the company does not have any planned
debt-funded capex, in view of the likely weak cash flow from
operations and high debt repayment obligations of Rs. 1.46 crore,
INR1.37 crore, and INR1.45 crore in FY2022, FY2023 and FY2024
respectively, MAEPL's liquidity position would continue to remain
poor.
Rating sensitivities
Positive factors – ICRA could upgrade MAEPL's ratings if the
company is able to substantially increase its revenue and
profitability while improving its liquidity profile.
Negative factors – Pressure on MAEPL's rating could arise if
there is a decline in the company's earnings. Any major debtfunded
capital expenditure and/or any deterioration in the working capital
cycle, which could adversely impact the company's liquidity
position, may also result in a rating downgrade.
Incorporated in 2009, Milsha Agro Exports Pvt. Ltd. (MAEPL) is
involved in processing and export of shrimps. Its processing unit
is in Kolkata with an installed processing capacity of 30 tonnes
per day and a storage capacity of 180 tonnes. The company also does
job work for entities involved in the same line of business. The
business was started by Mr. Ram Milan Singh in the 1970s through a
partnership firm, Veejay Impex.
MODERN DAIRIES: CARE Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the ratings for the bank facilities of Modern
Dairies Limited (MDL) continue to remain in the 'Issuer Not
Cooperating ' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 121.25 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Short Term Bank 4.10 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 ratings of MDL under the 'issuer non-cooperating' category as
MDL failed to provide information for monitoring of the rating. MDL
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/emails dated March 1, 2022, February 26, 2022 and February
22, 2022 etc. In line with the extant SEBI guidelines, CARE has
reviewed the rating on the basis of the best available information
which however, in CARE's opinion is not sufficient to arrive at a
fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating).
Detailed description of the key rating drivers:
At the time of last rating on December 21, 2020, the following were
the rating weaknesses:
Key Rating Weaknesses
* Ongoing delays in debt servicing: Some of the company's bank
accounts continue to be classified as Non-Performing Asset
(NPA).
Liquidity: Poor
Liquidity is poor due to delay in debt servicing.
MDL was setup by Mr. Krishan Kumar Goyal in 1992 with an initial
milk processing capacity of 3.25 lakh litre of milk per day (LLPD).
For liquid milk, the company has a tie-up with Mother Dairy for
complete off-take of 2 LLPD. Ghee is sold through the company's own
retail channel and through bulk sales under the brand name of
'SHWETA' and 'MODERN DAIRIES'. The company supplies products like
skimmed milk powder and other milk products like whole milk powder,
mozzarella cheese, casein to various institutional buyers while its
current focus is on sale of fresh dairy products, cheese, ghee,
etc.
MOTIL DEVI: ICRA Withdraws B Rating on INR10cr Loans
----------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Motil Devi Organic Food Industries Pvt. Ltd. at the request of the
company and based on the No Due Certificate received from its
banker. However, ICRA does not have information to suggest that the
credit risk has changed since the time the rating was last
reviewed. The Key Rating Drivers, Liquidity Position, Rating
Sensitivities, Key financial indicators have not been captured as
the rated instruments are being withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 5.00 [ICRA]B (Stable) ISSUER NOT
Term Loan COOPERATING; Withdrawn
Fund based- 2.00 [ICRA]B (Stable) ISSUER NOT
Cash Credit COOPERATING; Withdrawn
Unallocated 3.00 [ICRA]B (Stable); ISSUER NOT
Limits COOPERATING; Withdrawn
Motil Devi Organic Food Industries Pvt. Ltd. (MDOFIPL) was
incorporated in December 2012 for manufacturing ice creams at its
facility in Raipur, Chhattisgarh. The trial production at the
facility had commenced in March 2014 but theactual commercial
production had picked up in April 2015. The company has an
installed capacity of 15,00,000 liters and the production for
FY2016 stood at ~9.09 lakh liters.
PARAMOUNT WHEELS: Liquidation Process Case Summary
--------------------------------------------------
Debtor: Paramount Wheels Private Limited
Bhanji Udyog Nagar
Next to Ajit Palace Hotel
Penkar Pada
Opp Golden Chemical
Mira Road (E) Thane
Maharashtra 401104
Liquidation Commencement Date: March 4, 2022
Court: National Company Law Tribunal, Mumbai Bench Court III
Date of closure of
insolvency resolution process: January 25, 2022
Insolvency professional: Mr. Mukesh Khathuria
Interim Resolution
Professional: Mr. Mukesh Khathuria
6B/1105, Sapphire Heights
Lokhandwala Township
Akurli Road, Kandivali East
Mumbai Suburban, Maharashtra 400101
E-mail: khathuria@hotmail.com
- and -
Sun Resolution Professionals
Private Limited
4th Floor India Mercantile Mansion Extn.
Madame Cama Road
Dr Ambedkar Statue Chowk Area
Opp. Regal Cinema
Colaba, Mumbai
Mumbai, Maharashtra 400005
E-mail: liquidator.paramount@gmail.com
Last date for
submission of claims: April 3, 2022
PI DATA CENTERS: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: PI Data Centers Private Limited
Survey No. 49/P, Plot No. 12
IT Layout Auto Nagar
Mangalagiri Guntur
AP 522503
Website: pidacenters.com
Insolvency Commencement Date: March 4, 2022
Court: National Company Law Tribunal, Hyderabad Bench
Estimated date of closure of
insolvency resolution process: August 31, 2022
Insolvency professional: Pesaladinne Madhusudan Reddy
Interim Resolution
Professional: Pesaladinne Madhusudan Reddy
10-2-401 to 403/502
Tirumala Classic Apts
Road No. 8, Street No. 3
West Maredpally Nehru Nagar
Secunderabad, Hyderabad
Telangana 500026
E-mail: pmreddy2000@gmail.com
- and -
Unit 3B, 6-3-569/2
Above Vibrant Ford
Opp. RTA Khairtabad
Rockdale Compound
Somajiguda, Hyderabad 500082
E-mail: irp.pidata@aaip.co.in
Last date for
submission of claims: March 18, 2022
PURE GOLD: Voluntary Liquidation Process Case Summary
-----------------------------------------------------
Debtor: Pure Gold Jewellers and Diamonds (India)
Private Limited
B/1504, Kanti Apartments
B Wing, Mount Marry Road
Near Mount Marry Church
Bandra, Mumbai 400050
Maharashtra
Liquidation Commencement Date: February 22, 2022
Court: National Company Law Tribunal, Mumbai Bench
Insolvency professional: Kiran Martin Golla
Interim Resolution
Professional: Kiran Martin Golla
Flat No. 1704, T-3
Raheja Tipco Heights
Rani Sati Marg, Malad-E
Mumbai 400097, Maharashtra
E-mail: ip.kirangolla9@gmail.com
Tel: 9820756698
Last date for
submission of claims: March 24, 2022
RANGOLI PARTICLE: CARE Lowers Rating on INR4.26cr LT Loan to D
--------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Rangoli Particle Boards Private Limited (RPBPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 4.26 CARE D; ISSUER NOT COOPERATING
Facilities Revised from CARE BB-; Stable
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. has been seeking information from RPBPL to
monitor the rating(s) vide e-mail communications/letters dated
November 13, 2021, March 1, 2022 among others and numerous phone
calls. However, despite CARE's repeated requests, the company has
not provided the requisite information for monitoring the ratings.
In line with the extant SEBI guidelines, CARE 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. Further, RPBPL has not paid the
surveillance fees for the rating exercise as agreed to in its
Rating Agreement. The rating on RPBPL bank facilities will now be
denoted as CARE D; ISSUER NOT COOPERATING.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The revision of ratings to the bank facilities of Rangoli Particle
Boards Private Limited (RPBPL) is on account of confirmation from
the banker regarding its ongoing delay in servicing of term loan
instalments.
At the time of last rating on May 7, 2021, the following were the
rating strengths and weaknesses.
Detailed description of the key rating drivers
Key Rating Weaknesses
* Ongoing Delay in servicing of term loan instalments: As a part of
due diligence exercise, during our interaction with lender, the
lender has confirmed that there are ongoing delays in servicing of
term loan instalments.
* Modest and fluctuating scale of operations of the group: The
total operating income of the BRG remained volatile as reflected by
total operating income of INR65.28 crore on combined basis in FY20
(P.Y INR81.36 crore). The same was declined by 19.76% in tandem
with fluctuation in demand from end users as well as loss of
revenue during last two weeks of March 2020 due to closure of
manufacturing activities. Further, as indicated by the management,
the group has booked the total operating income of ~58 crore in
FY21, which was hampered by the covid-19 specific disruptions in
April-May 2020.
* Moderate profit margins with susceptibility to volatile raw
material prices: Profitability margins of the group have improved
and remained moderate as reflected by PBILDT and PAT margins of
15.92% and 3.88% in FY20 as against 11.26% and 0.89% in FY19.
Improvement in profitability margins was assisted by incremental
contribution from manufacturing of lamination of particle boards as
against the trading during the last three years ended FY20. The
profitability margins are susceptible to prices and availability of
bagasse, which is seasonal in nature.
* Presence in highly competitive & fragmented industry: Owing to
presence of large numbers of players operating in the industry and
low degree of product differentiation, the industry remained highly
competitive and fragmented in nature limiting bargaining power of
the group. However, favorable demand supply gap in the domestic
market as well as healthy growth in demand for particle boards in
recent times provides the comfort.
Key rating Strengths
* Experienced promoter with extensive experience in the industry:
The overall operations of the group are spearheaded by Mr.
Bhupendra Limbani (Managing Director), who has an average
experience of more than a decade in the industry. The extensive
experience of the promoters in the industry has enabled the
companies to garner good relations with its key customers and
suppliers.
* Comfortable capital structure and moderate debt coverage
indicators: The capital structure of the group continues to remain
comfortable with an overall gearing ratio of 0.52x as on March 31,
2020 as against 0.69x as of March 31, 2019. The same was improved
on account of reduced debt levels and accretions of the profits to
the reserves. The adjusted gearing for investment in affiliates and
subsidiaries stood at 1.00x as of March 31,2020. The debt coverage
indicators stood moderate reflected by interest coverage and total
debt to GCA of 2.78x and 4.50x during FY20(P.Y 2.58x and 5.46x)
respectively. Slight improvement in debt coverage indicators was on
account of improved profitability and reduced debt levels.
* Synergies derived from management, operational and financial
linkages: BVPL and RPBPL are promoted and managed by common top
management, engaged in similar line of business, share operational
synergies in terms of interdependent manufacturing setup and joint
marketing channels. Further, BVPL has extended need based financial
support to all the group companies including RPBPL through
unsecured loans. BVPL makes the bulk purchases of the bagasse (key
raw material for particle boards) and manufactures the particle
boards (semi-finished goods), which are further processed by RPBPL
and final goods are sold to external customers.
* Wide & varied end-use applications of particle boards: Particle
boards are inexpensive and versatile, thereby finding wide & varied
end-use applications in various furnishings & floorings at
residential & commercial spaces. The said boards are used in
furniture, office cabinets, home accents & décors, flooring,
roofing, insulation, etc. Moreover, the same are also available in
various varieties & price categories.
Analytical approach: Combined
CARE has combined the financials of Burgeon Verticals Private
Limited (BVPL) and Rangoli Particle Boards Private Limited (RBPL)
together referred as Burgeon Group (BRG). The combined view was
taken due to common management, similar line of business,
operational and financial linkages between the companies.
Incorporated in 2012 by Mr. Bhupendra Limbani and Mr. Deepak Patel,
RPBPL is engaged in lamination of particle boards which primarily
find application in various furnishings & floorings at residential
& commercial spaces. The said particle boards laminated by the
company are sold to various traders & dealers, mainly in & around
Maharashtra.
REGENT BEERS: ICRA Lowers Rating on INR8.50cr Cash Loan to D
------------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Regent
Beers & Wines Limited, as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Cash Credit 8.50 [ICRA]D; ISSUER NOT COOPERATING;
Rating downgraded from
[ICRA]B+(Stable) and Continues
to remain under 'Issuer Not
Cooperating' category
Term Loan 8.12 [ICRA]D; ISSUER NOT COOPERATING;
Rating downgraded from
[ICRA]B+(Stable) and Continues
to remain under 'Issuer Not
Cooperating' category
Unallocated 0.15 [ICRA]D; ISSUER NOT COOPERATING;
Limits Rating downgraded from
[ICRA]B+(Stable) and Continues
to remain under 'Issuer Not
Cooperating' category
Short Term 0.23 [ICRA]D ISSUER NOT COOPERATING;
Non fund based Rating downgraded from [ICRA]A4
and Continues to remain under
'Issuer Not Cooperating'
Category
Rationale
The rating downgrade reflects Delay in Debt Repayment as mentioned
in publicly available sources. The rating is based on limited
information on the entity's performance since the time it was last
rated of March 22, 2021. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity, despite the downgrade.
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.
Regent Beers & Wines Limited was incorporated in 1997 and is
engaged in the manufacturing of beer. The brewery of RBWL is
located at Maksi which is at a distance of 70 km from Indore and
currently has a capacity of 3.0 lakh hector liters per annum. The
bottles/cans are available in the sizes of 650ml and 330ml.Major
ingredients required for the production of beer are-barley malt and
rice flakes.
RELIANCE CAPITAL: Adani, KKR, Piramal Among 14 Bidders
------------------------------------------------------
The Economic Times of India reports that Adani Finserve, KKR,
Piramal Finance and Poonawala Finance are among the 14 prominent
firms that have expressed interest to acquire debt-ridden Reliance
Capital Ltd, promoted by the Anil Ambani Group, sources said. The
last date for submission of bids for the debt-ridden firm was
extended to March 25 from the previous fixed date of March 11 by
the Reserve Bank-appointed administrator.
The Reserve Bank of India (RBI) had on November 29 last year
superseded the board of Reliance Capital Ltd (RCL) in view of
payment defaults and serious governance issues.
This is the third large non-banking financial company (NBFC)
against which the central bank has initiated bankruptcy proceedings
under the Insolvency and Bankruptcy Code (IBC) recently. The other
two were Srei Group NBFC and Dewan Housing Finance Corporation
(DHFL).
The deadline has been extended on the request of some prospective
bidders who have sought more time to submit the EOIs, sources said,
ET relays.
ArpWood, Varde Partners, Multiples Fund, Nippon Life, JC Flowers,
Brookfield, Oaktree, Apollo Global, Blackstone, and Hero Fincorp
are the other major companies that have submitted Expressions of
Interest (EoI) for Reliance Capital by March 11, they said, ET
relays.
According to the report, sources said the vast majority of the
bidders, who have submitted EOIs, have bid for the entire company.
The bidders have two options - either they can bid for the entire
RCL or any one or more than one of the eight subsidiaries of the
NBFC firm, ET notes.
The Reliance Capital subsidiaries include Reliance General
Insurance, Reliance Nippon Life Insurance, Reliance Securities,
Reliance Asset Reconstruction Company, Reliance Home Finance and
Reliance Commercial Finance.
Following the takeover of the board, RBI-appointed Nageswara Rao Y
as the administrator in relation to the Corporate Insolvency
Resolution Process (CIRP) of the company, ET discloses.
RBI subsequently filed an application for initiation of CIRP
against the company at the Mumbai bench of the National Company Law
Tribunal (NCLT).
Earlier in February this year, the RBI appointed administrator had
invited expressions of interest (EoIs) for sale of Reliance
Capital, recalls ET.
In September, Reliance Capital in its annual general meeting (AGM)
had informed shareholders that the company's consolidated debt was
INR40,000 crore, ET relays. It had reported narrowing of its
consolidated net loss to INR1,759 crore in the quarter ended
December 2021.
The company had posted a net loss of INR3,966 crore in the same
quarter a year ago. However, net loss widened from INR1,156 crore
in the preceding quarter ended September 2021. Total income of the
company stood at INR4,083 crore in Q3FY22, down from INR4,890 crore
in Q3FY21, ET discloses.
About Reliance Capital
Headquartered in Mumbai, India, Reliance Capital Limited --
https://www.reliancecapital.co.in/ -- a non-banking financial
company, primarily engages in lending and investing activities in
India, Singapore, and Mauritius. The company operates through
Finance & Investment, General Insurance, Life Insurance, Commercial
Finance, Home Finance, and Others segments. It offers life, health,
and general insurance products; brokerage and distribution
services, including stock broking, wealth management, and third
party distribution; and commercial and home finance services, such
SME, retail, microfinance, renewable, affordable housing, and home
loans, as well as loans against property and construction finance.
The company also provides asset reconstruction, institutional
broking, and proprietary investments services, as well as other
financial and allied services. The company was formerly known as
Reliance Capital & Finance Trust Limited and changed its name to
Reliance Capital Limited in January 1995.
In an order dated Dec. 6, 2021 of the National Company Law
Tribunal, Mumbai (NCLT), corporate insolvency resolution process
has been initiated against Reliance Capital as per the provisions
of the Insolvency and Bankruptcy Code (IBC), 2016.
Reliance Capital owes its creditors over INR19,805 crore, majority
of the amount through bonds under the trustee Vistra ITCL India,
The Economic Times of India said.
RICH OFFSET: ICRA Withdraws B+ Rating on INR5.75cr Cash Loan
------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
Rich Offset (I) Private Limited at the request of the company and
based on the No Objection Certificate/Closure Certificate received
from the banker. However, ICRA does not have information to suggest
that the credit risk has changed since the time the rating was last
reviewed. The Key Rating Drivers, Liquidity Position, Rating
Sensitivities, Key Financial indicators have not been captured as
the rated instruments are being withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 2.33 [ICRA]B+ (Stable) ISSUER NOT
Term Loan COOPERATING; Withdrawn
Fund based- 5.75 [ICRA]B+ (Stable) ISSUER NOT
Cash Credit COOPERATING; Withdrawn
Unallocated 4.99 [ICRA]B+ (Stable); ISSUER NOT
Limits COOPERATING; Withdrawn
Rich Offset (I) Private Limited is mainly involved in printing of
packaged cartons. ROPL carries out printing and post printing
activity and manufactures printed cartons, outserts, inserts,
medication guide, doctor sampling wrap bands, labels, leaflets and
brochures. The printing and packaging is done only for the
pharmaceutical companies for their plants located mainly in Baddi,
Himachal Pradesh. The company has its registered office in Mumbai
and manufacturing facilities at Baddi (Himachal Pradesh) and
Siliguri (West Bengal).
RIKUN MANUFACTURING: ICRA Withdraws B+ Rating on INR9.0cr Loans
---------------------------------------------------------------
ICRA has withdrawn the ratings assigned to the bank facilities of
RIKUN Manufacturing Private Limited at the request of the company
and based on the No Objection Certificate (NOC)/No Due Certificate
(NDC) received from its banker. However, ICRA does not have
information to suggest that the credit risk has changed since the
time the rating was last reviewed. The Key Rating Drivers,
Liquidity Position, Rating Sensitivities, Key financial indicators
have not been captured as the rated instruments are being
withdrawn.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 1.40 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Withdrawn
Cash Credit
Long Term- 7.60 [ICRA]B+ (Stable) ISSUER NOT
Fund Based- COOPERATING; Withdrawn
Term Loan
Incorporated in 2018 by Mr. Muthu Sivan, RIKUN Manufacturing
Private Limited (RMPL) is involved in injection moulding, stamping
and manufacturing of metal fabrication parts. It supplies its
products mainly to home electrical appliances, industrial
engineering and auto components segment. The manufacturing facility
is in Oragadam, Chennai and is spread across 78,000 sq. ft.
SADGURU POLY: CARE Keeps B- Debt Rating in Not Cooperating
----------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Sadguru
poly Industries (SPI) continues to remain in the 'Issuer Not
Cooperating ' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 7.14 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 18,
2021, placed the rating(s) of SPI under the 'issuer
non-cooperating' category as SPI 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. SPI
continues to be non-cooperative despite repeated requests for
submission of information through e-mails, phone calls and a
letter/email dated December 4, 2021, December 14, 2021 and December
24, 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).
Morbi-based (Gujarat) SPI was established on August 1, 2016 by 12
partners. SPI is into the business of manufacturing Polypropylene
(PP) Woven Bags and PP Woven Fabrics mainly from different types of
plastic granules. SPI has completed greenfield project for
manufacturing of PP Woven bags and fabrics in June 2017 with an
installed capacity of 2,074 Metric Tonnes per Annum (MTPA) and a
project cost of INR7.41 crore (including INR1.11 crore of working
capital margin) via debt equity mix of 1.59:1.00 times. The final
products of SPI i.e., PP Woven Bags and PP Woven Fabrics are used
as packaging material for food products, pulverous materials,
chemicals, fertilizers, grains, salt, sand etc. SPI commenced its
operations from July, 2017 onwards, from its manufacturing facility
located at Tankara, Morbi (Gujarat). The firm purchases majority of
raw materials locally while few raw materials are also imported
from various countries while it sells its final products to various
states pan-India via its own sales personnel.
SANKSKRUT JEWEL: Insolvency Resolution Process Case Summary
-----------------------------------------------------------
Debtor: Sanskrut Jewel Residency Limited
Liability Partnership
Opp. Abhishri Corp. Park
Nr. Shell Petrol Pump
Ambli BRTS Road, Ambli Daskroi
Ahmedabad, Gujarat 380054
Insolvency Commencement Date: March 7, 2022
Court: National Company Law Tribunal, Ahmedabad Bench
Estimated date of closure of
insolvency resolution process: August 31, 2022
Insolvency professional: CA Ramchandra Dallaram Choudhary
Interim Resolution
Professional: CA Ramchandra Dallaram Choudhary
9B, Vadan Tower
Nr. Vimal House
Lakhudi Circle, Navrangpura
Ahmedabad, Gujarat 380014
E-mail: rdc_rca@yahoo.com
irp.sanskrut@gmail.com
Classes of creditors: Real Estate Project
Insolvency
Professionals
Representative of
Creditors in a class: Rahul Shah
E-mail: carahulnshah@gmail.com
Iqbal Singh Gandhi
E-mail: iqbalsingh2659@yahoo.co.in
Tejas Shah
E-mail: tejasshah44@yahoo.com
Last date for
submission of claims: March 23, 2022
SARAVANA SPINNERS: ICRA Hikes Rating on INR11.47cr Term Loan to B
-----------------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Saravana
Spinners Limited (SSL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 11.47 [ICRA]B (Stable) upgraded from
Term Loan [ICRA]B- (Stable)
Fund-based- 9.00 [ICRA]B (Stable) upgraded from
Working Capital [ICRA]B- (Stable)
Facilities
Non-fund 4.00 [ICRA]A4; reaffirmed
Based Facility
Long-term/ 1.61 [ICRA]B (Stable)/[ICRA]A4;
Short-term- Long term rating upgraded from
Unallocated [ICRA]B- (Stable) & Short term
rating reaffirmed
Rationale
The rating action reflects the improvement in the operating
performance of SSL in the recent quarters and an expected steady
performance in the coming quarters, supported by favorable demand
conditions and long relationship with customers. Post the decline
in revenues in FY2021 owing to the pandemic-induced demand
disruptions faced in H1 FY2021, SSL's revenues and cash accruals
improved on the back of recovery in yarn demand and prices in the
recent quarters. Despite the said improvement, SSL's financial risk
profile remains weak, constrained by the strained liquidity
position and continued net losses, resulting in its net worth
remaining negative. The ratings continue to factor in the company's
small scale of operations, high working capital requirements in the
business, and intense competition in the fragmented domestic
spinning industry, which limits SSL's pricing flexibility and
exposes its earnings to fluctuations in raw material prices. The
ratings also consider the extensive experience of the promoters and
long track record of SSL in the medium and finer counts of the
cotton spinning industry.
The Stable outlook reflects ICRA's opinion that SSL will continue
to benefit from the extensive experience of its promoters, its
established relationship with customers and expected steady demand
conditions.
Key rating drivers and their description
Credit strengths
* Long track record and improvement in operating performance in the
recent quarters: SSP's promoters have more than three decades of
experience in the spinning industry, with presence in the medium
and finer count cotton yarn segment. It has enabled SSL to
establish its position in the market and develop long relationship
with its customers. The company's established relationship with its
primary raw material supplier ensures flexible credit period and
funding support. Also, SSL's operating performance has improved in
the recent quarters, primarily aided by the favourable demand
conditions and consequent growth in yarn realisations and better
contribution levels.
Credit challenges
* Weak financial profile: SSL's financial risk profile remains
weak, characterized by a negative net worth and tight liquidity
position, constrained by the high working capital requirements and
continued net losses incurred over the past few years. While there
has been some improvement in its coverage metrics on the back of
better operating profits, SSL's leverage
indicators remain at modest levels.
* Small scale of operations and limited pricing flexibility: SSL's
scale of operations remains modest, with an installed capacity of
around 46,000 spindles and estimated revenues of INR80 crore,
limiting the economies of scale and financial flexibility. Further,
its profitability is susceptible to adverse movement in raw
material prices, given the intense competition, which limits the
pricing flexibility as seen in the past.
Liquidity position: Stretched
SSL's liquidity profile remains stretched, despite the recent
improvement in cash accruals, constrained by the working capital
requirements in the business, capital expenditure being undertaken
and repayment of unsecured loans to promoters/others.
SSL's utilisation of working capital limits remains high (at around
93% at the end of January 2022), with low free cash reserves held.
With moderate repayments of around INR4.64 crore and the proposed
capital expenditure of INR4 crore in FY2023, SSL's cash flows are
expected to remain tight in the coming quarters.
Rating sensitivities
Positive factors – ICRA may upgrade the ratings if the company is
able to witness a healthy growth in its scale of operations and
earnings, which would improve its capital structure and liquidity
position.
Negative factors –Pressure on the company's ratings could arise
if its liquidity profile weakens because of the stretched working
capital cycle or further withdrawal of unsecured loans by
promoter/others, or if its earnings witness a sustained pressure.
Incorporated in 1986, Saravana Spinners Limited (previously known
as Kumaragiri Electronics Limited) is involved in the production of
cotton yarn. The company ventured into textiles in 1995 with
installation of 12,500 spindles, and over the years, augmented its
capacity to 45,984 spindles at present. The company is closely held
by the promoters and their relatives/friends. Its manufacturing
facilities are located in Dharmapuri, Tamil Nadu.
SHIKSHA BHARTI: CARE Reaffirms B- Rating on INR10.30cr LT Loan
--------------------------------------------------------------
CARE Ratings has reaffirmed ratings on certain bank facilities of
Shiksha Bharti Educational Society (SBES), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank
Facilities 10.30 CARE B-; Stable Reaffirmed
Detailed Rationale & Key Rating Drivers
The rating of SBES continues to remain constrained by Small scale
of operations, Low profitability margins and Leveraged capital
structure and weak coverage indicators. The rating further
constrained on account of Regulatory framework for educational
sector in India, increasing competition from the existing schools
and stretched liquidity position of the firm. Further, the ratings,
continue to derive comfort from experienced trustees.
Rating Sensitivities
Positive Factors - Factors that could lead to positive rating
action/upgrade:
* Increase in TOI above Rs 20 crore on sustained basis.
* Improvement in surplus margin above 5% on sustained basis.
Negative Factors- Factors that could lead to negative rating
action/downgrade:
* Deterioration in SBIDT margin below 2% on sustained basis.
* Further deterioration in collection period above 20 days.
Detailed description of the key rating drivers
Key Rating Weaknesses
* Small scale of operations: The scale of operations continues to
remain small marked by total operating income and gross cash
accruals of INR7.68 crore and negative INR1.20 crore respectively
in FY21 (refers to the period April 1 to March 31) as against
INR11.80 crore and negative INR0.65 crore respectively in FY20. The
TOI has reduced by about 35% in FY21 on account of reduction in the
fee collection on account of covid induced lockdown, however,
student strength has increased the same has been offset by the
reduction in fee collection due to covid lockdown (from 2093 for
academic batch 2021-2022 increasing from 1994 students for academic
batch 2020-21). The small scale limits the society's flexibility in
times of stress and deprives it of scale benefits. The society
achieved total operating income of INR8.71 crore in 11MFY21 (refers
to the period April 1 to February 28; based on provisional
results). Operating income of INR8.71 crore in 11MFY21 includes
INR0.74 Crore of Indirect income.
* Low profitability margins: The profitability of the society
improved significantly though stood low as marked by SBID margin of
4.91% in FY21 as against 11.36% in FY20. The reduction in
profitability is attributable to lower collection in FY21 for the
society. However, the surplus margin continues to remain negative
and losses have been increased to -47.89% in FY21 (loss of Rs 3.67
crore) further increasing from -20.97% in FY20 (loss of Rs 2.47
crore) increased on account of higher interest and depreciation
cost in FY21.
* Leveraged capital structure and weak coverage indicators: As of
March 31, 2021, the society had a term loan, vehicle loan and
unsecured loan from related parties amounting to INR10.30 crore,
INR0.18 crore and INR8.82 crore respectively. Overall gearing ratio
deteriorated significantly and stood at 7.86x as of March 31, 2021
as against 2.35x as of March 31, 2020. The deterioration in capital
structure was mainly on account of decreased net worth in FY21
owing to losses incurred by society for the past 4 years. Owing to
low profitability and relatively higher debt levels, the debt
coverage indicators continue to remain weak as marked by interest
coverage ratio of 0.22x in FY21 reducing from 0.64x in FY20 and
total debt to GCA ratio of -16.04x as on March 31, 2021 as against
-30.36x as of March 31, 2020.
* Regulatory framework for educational sector in India: Educational
sector in India is placed in the concurrent list of the
constitution and thus comes under the purview of both Central and
State Government (GOI). The sector is regulated by Ministry of
Human Resource at the national level, by the education ministries
in each state, as well as by Central bodies like University Grant
Commission (UGC) and 14 other professional councils. The operating
and financial flexibility of the education sector are limited, as
regulations governs almost all aspects of operations, including fee
structure, number of seats, changes in curriculum and
infrastructure requirements. The GoI guidelines requires the
educational institutes falling under the purview of K-12 & Higher
education to be run on 'not-for -profit' motive. This in turn has
deterred the entry of private schools & colleges in the country.
* Increasing competition from the existing schools: SBES is
expected to face high competition from the existing established
schools like DPS, G.D. Goenka Public School, Modern Convent School
and other schools in nearby areas. The fee structure of the school
is very competitive. The ability of SBE to enroll the projected
number of students at a competitive fee structure depends on its
capability to distinguish itself and leverage on its established
brand name in the market.
Key Rating Strengths
* Experienced trustees: SBE was founded by Ms. Ramesh Kumari
Bhardwaj (Treasurer of the society) and. R.K. Sharma (President of
the society). Mr. R.K Sharma is a post graduate and has a total
experience more than three decades in education sector through his
association with SBE. Ms. Ramesh Kumari is a graduate and is also
associated with the school since its inception. The other members
of the society comprise of Mr. Ratnakar Batra, Ms. Nistha Bhardwaj,
Ms. Ramesh Kumari, Ms. Samita Rustagi, Ms. Sweety Bhardwaj and Ms.
Parvati. Further, they are also supported by a team of experienced
and qualified professional.
Liquidity: Stretched
The liquidity of the society is stretched as marked by negative
cash accruals of Rs 1.20 crore in FY21 as against debt repayment
obligation of Rs 0.68 crore in FY21. Further, the cash and bank
balance stood low at Rs 0.67 crore as on March 31, 2021. The
current ratio and quick ratio remain below unity low at 0.54x as on
March 31, 2021 (PY: 0.18x). The liquidity is further supported by
the unsecured loan from the promoters along with the new term loan
availed by the society during FY21 which further deteriorated the
liquidity of the society.
Shiksha Bharti Educational Society (SBES) was registered on June 9,
1987 by Mrs Ramesh Kumari Bhardwaj and Mr Deepak Bhardwaj with an
objective to run not for-profit education society. SBES is running
a school in the name of “Shiksha Bharti Public School” at
Sector 8, Dwarka, New Delhi which provides education for primary,
secondary and senior secondary level (i.e. nursery to Class XII).
The school is affiliated to CBSE for all the courses.
SICAL IRON: Insolvency Resolution Process Case Summary
------------------------------------------------------
Debtor: Sical Iron Ore Terminals Limited
South India House
# 73, Armenian Street
Chennai 600001
Insolvency Commencement Date: March 2, 2022
Court: National Company Law Tribunal, Tiruchirappalli
Tamilnadu Bench
Estimated date of closure of
insolvency resolution process: September 1, 2022
Insolvency professional: S. Shivshanker
Interim Resolution
Professional: S. Shivshanker
A-102, Swaraj Illam
Shreya Block, Ponni Delta
North Kallanai Road, T.V.Koil
Tiruchirappalli 620005
E-mail: irpsicalironoreterminals@
gmail.com
Last date for
submission of claims: March 15, 2022
SPACEVISION IMPEX: Liquidation Process Case Summary
---------------------------------------------------
Debtor: Spacevision Impex Private Limited
D-14, Kailash Colony
New Delhi 110048
Liquidation Commencement Date: March 4, 2022
Court: National Company Law Tribunal, New Delhi Court-IV Bench
Date of closure of
insolvency resolution process: February 21, 2022
Insolvency professional: Rakesh Prasad Khandelwal
Interim Resolution
Professional: Rakesh Prasad Khandelwal
E-504, Ispatika Apartments
Plot-29, Sector-4
Dwarka, South West
New Delhi 110078
E-mail: rpkhll@gmail.com
- and -
8/28, 3rd Floor, W.E.A.
Abdul Aziz Road
New Delhi 110005
E-mail: liq.spacevision@gmail.com
Last date for
submission of claims: April 3, 2022
SREI GROUP: Receives Expression of Interests From 17 Entities
-------------------------------------------------------------
The Hindu BusinessLine reports that Singapore's Makara Capital, and
asset reconstruction companies including JM Financial Asset
Reconstruction Company and Asset Reconstruction Company (India) Ltd
(ARCIL) are among some of the few entities that have submitted
their Expressions of Interest (EoIs) to acquire Srei group
companies under the consolidated corporate insolvency resolution
process (CIRP).
The deadline for submitting EoI ended late Saturday evening [March
12], the report says. As many as 17 entities have submitted their
expressions of interest and the number is expected to increase as
some documents are coming through courier service, a person close
to the development said.
An e-mail sent to Rajneesh Sharma, the administrator of the Srei
Group companies - Srei Infrastructure Finance and Srei Equipment
Finance did not elicit a response, the Hindu notes. But sources
confirmed that some of the big corporates including Vedanta Ltd,
Adani Group and Jindal Steel & Power, are also likely to join in
the form of consortium with some of the entities, the report
relays.
The Kolkata bench of NCLT, had, on October 8 gave its approval to
start insolvency proceedings against the two companies after the
Reserve Bank of India filed insolvency applications against the two
companies, the report says.
Citing governance concerns and defaults by the two NBFCs in meeting
their various payment obligations, the RBI had, on October 4,
superseded their boards and appointed Rajneesh Sharma, former chief
general manager, Bank of Baroda, as the Administrator of the
companies. The central bank also constituted a three-member
Advisory Committee to assist the administrator in discharge of his
duties.
According to the Hindu, the Reserve Bank of India-appointed
administrator has admitted claims of around INR31,868 crore of the
total claims of around INR34, 223 crore from financial creditors to
Srei Equipment Finance Ltd (SEFL). It has rejected claims to the
tune of INR1606 crore while close to INR751 crore is still pending
for verification as on November 15.
Of the total claims of around INR149 crore from operational
creditors, the administrator has admitted claims amounting to INR73
crore while the remaining INR76.20 crore is under verification as
on November 15.
The administrator has also admitted claims to the tune of INR257
crore from financial creditors to Srei Infrastructure Finance, the
report discloses.
About SREI Infrastructure
SREI Infrastructure Finance Ltd. is a non-banking financial
institution. The company has three principal lines of business in
financing: infrastructure equipment finance, infrastructure
projects finance and renewable energy product finance.
Infrastructure equipment finance is the largest business division
of the Company.
On Oct. 4, 2021, the Reserve Bank of India superseded the board of
directors of Kolkata-based Srei Infrastructure and said that it
will initiate insolvency proceedings with the National Company Law
Tribunal (NCLT), according to The Economic Times. The RBI cited
governance concerns and defaults by the company and appointed
Rajneesh Sharma, former chief general manager, Bank of Baroda as an
administrator of the company.
The insolvency resolution process against the company started on
Oct. 8, 2021.
SWATI HEALTH: Insolvency Resolution Process Case Summary
--------------------------------------------------------
Debtor: M/s Swati Health and Education Services Private Limited
D-14, IInd Floor
Preet Vihar, Delhi
East Delhi, DL 110092
IN
Insolvency Commencement Date: March 10, 2022
Court: National Company Law Tribunal, New Delhi Bench
Estimated date of closure of
insolvency resolution process: August 30, 2022
(180 days from commencement)
Insolvency professional: Pawan Kumar Goyal
Interim Resolution
Professional: Pawan Kumar Goyal
P K Goyal & Associates
304, D.R. Chamber
12/56, DB Gupta Road
Karol Bagh, New Delhi 110005
E-mail: ca.pawangoyal@gmail.com
swaticirp@gmail.com
Last date for
submission of claims: March 24, 2022
TRANSPORT SOLUTIONS: Insolvency Resolution Process Case Summary
---------------------------------------------------------------
Debtor: Transport Solutions India Private Limited
Sr. No. 170, Plot No. D-1
Chakan-Talegaon Highway
MIDC Chakan, Khalumbre
Chakan, Pune
MH 410501
IN
Insolvency Commencement Date: March 10, 2022
Court: National Company Law Tribunal, Pune Bench
Estimated date of closure of
insolvency resolution process: 180 days from commencement
Insolvency professional: CMA Harshad Shamkant Deshpande
Interim Resolution
Professional: CMA Harshad Shamkant Deshpande
Harshad S Deshpande & Associates
Cost Accountants
403, Kumar Millenium
Jaibhavani Nagar, Paud Road
Near Rohan Corner
Kothrud, Pune 411038
E-mail: hsdasso@gmail.com
harshad_de@hotmail.com
Last date for
submission of claims: March 24, 2022
TWENTY FOURTEEN: CARE Hikes Rating on INR258.20cr Loan to BB+
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Twenty Fourteen Hotels India Pvt Ltd (T14), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank
Facilities 258.20 CARE BB+; Stable Revised from
CARE D; Stable outlook assigned
Long Term Bank
Detailed Rationale & Key Rating Drivers
The revision in the rating assigned to the bank facilities of T14
is on account of delay free track record for a period of more than
90 days. The last delay was reported on June 18, 2021 which was
regularized on June 28, 2021. Since then, company has been regular
in debt repayments. The ratings further draw comfort from company
being part of Twenty Fourteen Holdings (T14H) which is the
hospitality arm of Lulu International group and experience and
resourcefulness of its promoters, operational and management
agreement tie up with Marriott and Hyatt ensuring high project
visibility. The ratings also take into account the favourable
location of hotels and improved occupancy levels during 9MFY22 of
its Cochin hotel with normalization of COVID situation. CARE
Ratings Ltd. also notes completion of construction of Bengaluru
Airport hotel within the estimated cost and timelines, however, the
operations of the hotel are yet to commence. Timely
operationalization of the Airport hotel and ramp up of occupancy
levels as per the envisaged level are crucial from credit
perspective and will be a key monitorable.
The rating strengths are partially offset by execution risk
associated with its Bengaluru Electronic City project wherein the
construction progress is subdued due to non-disbursal of funds by
the lender. The company is in advanced stages of discussion with
another lender for arranging the funds and estimates to complete
the project by FY23 end. The ratings are also constrained on
account of long gestation period and inherent seasonal nature of
the hospitality sector.
Rating Sensitivities
Positive Factors - Factors that could lead to positive rating
action/upgrade:
* Delay free track record of operations for a continuous period of
one year as well as timely completion of the projects under
execution and stabilization of the hotels by achieving optimum
occupancy and Average Room Rent (ARR)
Negative Factors- Factors that could lead to negative rating
action/downgrade:
* Delay in tying up of debt by company for its Electronic City
hotel
* Lower than envisaged support from promoters to fund cost overrun/
debt shortfall, if any
Detailed description of the key rating drivers
Key Rating Strengths
* Delay free track record of operations: There were delays in
servicing of debt obligations by the company as reflected from the
bank statements in the month of June 2021 for which the bank had
also charged penal interest. The said term loan was fully repaid by
company in June 2021 itself. As verified from the bank statements
and confirmed by the lender, there are no delays or defaults in the
servicing of debt obligations by the company since then.
* Resourceful Promoters: T14 is part of the Twenty Fourteen
Holdings (T14H); the hospitality investment arm of EMKE group
promoted by Mr. Adeeb Ahamed (son-in-law of Padma Shri Mr. Yusuff
Ali, promoter of EMKE LuLu group) and Ms. Shafeena Yusuff Ali
(daughter of Mr. Yusuff Ali). T14H has invested in assets spread
across UK, GCC and India. Mr. Adeeb Ahamed is also CEO of Lulu
International Exchange, the financial services company which has
more than 150 branches spread across 9 countries with an annual
turnover of more than USD 5.4 billion. He along with Ms. Shafeena
Yusuff Ali has also forayed into organized retail segment under the
Tablez company. Further, company stands to benefit from experience
and resourcefulness of Mr. Yusuff Ali. The promoters of the company
have been infusing funds into the T14 and have infused around INR10
crore in FY21 and INR12.07 crore in 9MFY22. Further as
communicated, the promoters are committed to continue to support
the company in timely manner.
* Operational & management tie up with Marriott & Hyatt ensuring
high project visibility: Company has entered into a 20 year Hotel
Management Agreement with Marriott Hotels and Resorts Private
Limited for the operations and management of the hotels with a room
inventory of 55 rooms, located in Kochi, Kerala and over 200 room
hotel developed near Bengaluru Airport. The hotel at Kochi is
operated under the Marriott Tribute Portfolio, first of Tribute
portfolio hotel in India and is expected to tap a large segment of
domestic and international travellers looking for a high end luxury
stay and the hotel at Bengaluru airport will be developed under the
Marriott 'International' portfolio. For the electronic city hotel,
Hyatt has been chosen as the O&M operator and the hotel will be
under their premium portfolio named 'Centric'. Tie-up with
reputational brands like Marriott & Hyatt is expected to impart
strong visibility to the hotel properties and superior management
expertise.
* Favorable location of the project: The hotels are located at
favourable locations with the two of the hotels being developed at
close proximity to the airport viz. Cochin International Airport
and Bengaluru International Airport and the third hotel is being
developed in Electronic City, Bengaluru which is one of the major
hubs for IT companies in city. All the hotel locations offer good
connectivity across the city, hence this would further augur
potential demand for the hotel, catering to high end users and
leisure travelers.
Key Rating Weaknesses
* Execution risk associated with project stage status of Electronic
City at Bengaluru albeit reduced to certain extent with completion
of Airport Hotel: The construction of the Airport hotel was
completed in Sep'21 within the estimated time and cost, however the
operations of the hotel are expected to commence by April 2022. The
construction progress on the Electronic City hotel is slow with
only 37% progress as on February 28, 2022. Since the existing
lender could not fund the project even though the promoters have
infused the required equity the construction progress remained
slow. T14 has closed the loan from existing lender by September
2021 through promoter contribution and is at advanced stage of
discussion with a new lender. Given the status of new debt and the
project status, it is expected the project will be completed by
March '23.
* Long gestation period associated with hotel industry: Hotels, in
general, requires longer gestation period to recover the fixed
costs associated with it and to turn profitable. Hotel projects
have long gestation period as construction of a premium hotel takes
up to three to four years while stabilization of operations may
take another two to three years. The rising land prices in India
and high financing costs required to fund the capex of the hotels
have resulted in relatively longer gestation periods for achieving
break even.
* Inherent seasonal nature of the hotel industry: The hotel
industry is cyclical and inherently seasonal in nature as the
demand for the hotel rooms varies with the business cycle.
Occupancy also depends on the tourism seasonality as it involves
the concentration of tourist inflows during particular months. The
Indian hotel industry normally experiences high demand during
October-May, following which the monsoon entails low demand. In
general, T14's business is exposed to cyclical changes in the
industry depending on economic cycles in the local economy and
competition from existing and new entrants.
Liquidity: Stretched
Liquidity of the company is largely driven from its resourceful
promoters viz. Mr Adeeb Ahmed and Ms. Shafeena Yusuffali who are
committed to invest in establishing and expanding hospitality
business in India. Promoters in the past has demonstrated infusion
of funds for project construction as well for debt servicing. The
company had cash and bank balance of INR10.38 crore as on December
31, 2021.
Incorporated in April 2015, Twenty Fourteen Hotels India Private
Limited (T14) is part of the Twenty Fourteen Holdings (T14H)
domiciled in Abu Dhabi, promoted by Mr. Adeeb Ahamed, son-in-law of
Padma Shri M A Yusuffali, promoter of EMKE LuLu group. T14H is the
hospitality investment arm of the group which owns 7 properties in
India, Middle East and Europe. T14 is engaged in development of 3
hotels in India with 2 hotels in Bengaluru which are directly
developed under the company and one in Kochi, Kerala which is being
developed under its wholly owned subsidiary Qasr Hotels Cochin
Private Limited.
ULTRA TILE: Liquidation Process Case Summary
--------------------------------------------
Debtor: Ultra Tile Private Limited
KPM's Sapphire No. 26
11th Avenue Ashok Nagar
Chennai TN 600083
IN
Liquidation Commencement Date: March 1, 2022
Court: National Company Law Tribunal, Chennai Bench
Date of closure of
insolvency resolution process: September 26, 2021
(180 days from commencement)
Insolvency professional: LV Shyam Sundar
Interim Resolution
Professional: LV Shyam Sundar
3rd Floor, No. 17
Gandhi Road, Alwarthirunagar
Opp to Vinayagar Temple &
Above Samyuktha Scans
Chennai, Tamil Nadu 600087
E-mail: shyam.ascend@gmail.com
cirp.ultratile@gmail.com
Tel: 044-43535657
Mobile: 9884882336 (Office)
Last date for
submission of claims: March 31, 2022
VERSATILE ALUCAST: ICRA Assigns B Rating to INR17.50cr Loans
------------------------------------------------------------
ICRA has assigned rating to the bank facilities of Versatile
Alucast Private Limited's (VAPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Term Loan 11.10 [ICRA]B(Stable) assigned
Cash Credit 6.40 [ICRA]B(Stable) assigned
Rationale
The assigned rating considers VAPL small scale of operations in a
highly fragmented auto component machining industry. Till FY2020,
VAPL was exposed to high client concentration risk with the top
four-five clients contributing ~90-98% to its revenues during
FY2018-FY2020. However, in the last two years, the company
diversified its client base and reduced the concentration risks
with the top four customers contributing ~64% to revenues in 9M
FY2022.
Nonetheless, its dependence on top two-three customers remains
high. Moreover, VAPL's capital structure remains adverse due to its
low net worth on account of limited accretion to reserves over the
years. The debt coverage indicators and liquidity position remain
stretched with limited cash surplus available against its debt
servicing obligations. Generation of sufficient net cash accruals
and available of free cash, undrawn lines of credit will remain
critical for debt repayment. ICRA notes that the company also
remains exposed to the cyclicality inherent in the auto industry
and volatility in prices of its primary raw material, aluminium.
The rating, however, positively factors in the extensive track
record of the promoters with an experience of over four decades in
the auto component manufacturing business and its established
relationship with reputed domestic and international OEMs. VAPL
derives financial support from the directors through unsecured
loans, which helps the company tide over any liquidity mismatch to
an extent.
The Stable outlook reflects ICRA's opinion that VAPL will continue
to benefit from the experience of the promoters in the auto
component industry and its established relationship with reputed
OEMs.
Key rating drivers and their description
Credit strengths
* Established track record of promoters in auto components
industry: VAPL was established in 2012 and is involved in machining
of aluminium casting components for the auto industry. It is a part
of the Kolhapur-based Versatile Group having an established track
record in the auto components industry for more than four decades.
The Directors, Mr. Yatin Janwadkar, a mechanical engineer, and his
son, Mr. Prabhakar Janwadkar, have over a decade of experience in
the auto machining industry.
* Established relationship with reputed OEMs: VAPL caters to the
players in the automobile industry in passenger vehicle, commercial
vehicle, and tractors segments, such that each segment does not
exceed ~30% of the total revenues at any point of time. In the
current year, the company has been working for components in the
electric vehicle space. VAPL has tested ~80 components for a single
customer in FY2022, regular orders for which are expected to come
from FY2023. Moreover, VAPL has established relationship with the
OEMs, resulting in repeat orders. ICRA notes that Wabco India
Limited, the first customer of the company, continues to give
substantial business to the company.
Credit challenges
* Small scale of operations: With a turnover of INR28 crore in
FY2021 and an estimated revenue of ~Rs. 36 crore in 9M FY2022, the
firm has a small scale of operations in the industry. However, ICRA
notes that the company has increased its capacity from ~1,300 MTPA
in FY2017 to ~2,540 MTPA at present, leading to higher revenues.
* Leveraged capital structure with modest coverage indicators and
stretched liquidity position: VAPL's capital structure remains
leveraged due to low net worth on account of limited accretion to
reserves over the years. However, ICRA notes that total debt
includes unsecured loans availed from the Directors, which are
interest free in nature and have no repayment schedule. Owing to
low absolute profits, coverage indicators remain moderate with an
interest cover of ~1.9 times in FY2021, ~1.4 times in 9M FY2022 and
TD/OPBITDA of ~6 times in 9M FY2022. The working capital
utilisation was high and stood at an average of ~89% of the
sanctioned limits during the 12-month period that ended in January
2022. VAPL's debt service coverage ratio is expected to be under
pressure in the near term. Sufficient net cash accruals,
availability of free cash, and undrawn lines of credit will remain
critical to service the same.
* High client concentration risks: VAPL's client concentration
risks remain high. Till FY2020, the top 4-5 customers contributed
~90-98% to its total revenues. Nonetheless, in the last two years,
the company has diversified its customer base by adding new
customers. Contribution from the top four customers to the total
revenues in 9M FY2022 stood at ~64%.
* Exposed to intense competition and fluctuations in raw material
prices: The auto component machining industry in India is highly
fragmented with the presence of many unorganised players, which
leads to pricing pressure. Additionally, the primary raw material
for the company is aluminium, price of which remains volatile in
nature. While the fluctuation in prices are passed on to the
customers with quarterly price revisions, VAPL's margins remain
susceptible to the raw material price movement.
Liquidity position: Stretched
VAPL's liquidity is stretched with marginal cash flow from
operations, limited buffer of less than INR1 crore in undrawn
working capital limit, along with scheduled repayment obligation
for its external loan worth ~INR13 crore in FY2022 (estimated). The
average utilisation level for the last 12 months (period ending in
January 2022) stood at a high of 89%. The sufficiency of cash
accruals and better profitability remain critical for improvement
in the liquidity profile.
Rating sensitivities
Positive factors – A sustained improvement in the capacity
utilization levels along with an improvement in profitability and
liquidity position may result in a rating upgrade. Specific trigger
could be interest cover of greater than 2 times on a sustained
basis.
Negative factors – Any further deterioration in the capacity
utilization levels, revenues, profit margins and/or the liquidity
position could trigger a rating downgrade.
Established in 2012, Versatile Alucast Private Limited (VAPL) is a
part of the Kolhapur-based Versatile Group. It manufactures and
supplies aluminium die casting components, primarily to the
automobile industry. It has a total installed capacity to produce
~2,540 MTPA at present.
VINNARASI EDUCATIONAL: CARE Moves D Debt Rating to Not Cooperating
------------------------------------------------------------------
CARE Ratings has migrated the rating on bank facilities of
Vinnarasi Educational and Social Service Trust (VESST) to Issuer
Not Cooperating category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 6.63 CARE D; ISSUER NOT COOPERATING
Facilities Rating moved to ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. has been seeking information from VESST to
monitor the rating(s) vide e-mail communications dated October 7,
2021, February 26, 2022 among others and numerous phone calls.
However, despite our repeated requests, the trust has not provided
the requisite information for monitoring the ratings. 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 rating on Vinnarasi Educational & Social
Service Trust 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).
Detailed description of the key rating drivers
At the time of last rating of March 30, 2021 the following were the
rating strengths and weaknesses:
Key Rating Weakness
* Delays in servicing debt obligations: The trust is unable to
generate sufficient cash flows leading to strained liquidity
position resulting in on-going delays in meeting its debt
obligations.
* Small scale of operations with declining gross receipts: The
scale of operations of the trust remained small measured by its
gross receipts of INR7.13 crore in FY20 which has declined from
INR9.40 Crore in FY19 Gross receipts of the trust has degrown on
account of decline in overall student enrolment followed by
distance education services.
* Weak debt protection metrics: The debt coverage indicators marked
by TD/GCA has deteriorated to 40.02x as of March 31, 2020 as
against 3.91x as of March 31, 2019 owing to decrease in cash
accruals. Further the interest coverage deteriorated to 1.33x in
FY20 as against 3.42x in FY19 due to decrease in SBID in absolute
terms.
* Uneven cash-flow associated with educational Institutes: The
revenue stream of the trust is skewed towards the beginning of the
academic year (normally between June-August) when the bulk of the
tuition fees, exam fees and other related income is collected
whereas the trust incurs regular stream of payments for meeting
staff salary, maintenance activities, interest expenses amongst
others.
* Highly regulated nature of educational industry: VESST is
operating in a highly regulated industry. In addition to AICTE, the
educational institutions are regulated by respective State
Governments with reference to matters such as determining the
number of management quota seats, amount of tuition fee charged for
government quota and management quota giving limited flexibility to
the institutions. The technical education sector also requires
regular approvals from various government bodies for addition of
new courses/seats as well as continuation of the existing courses
which exposes it to high regulatory risk. These factors have
significant bearing on the revenues and surplus levels of the
institutions and resultantly on VESST's financial risk profile.
* Presence in a highly competitive industry: The education sector
offers immense potential as there is a growing demand for the
services offered driven by increasing propensity of the middle
class to spend on education and India's increasing population. Due
to new colleges being added every year along with established
colleges results in high competition level in the state and
adjoining areas of the trust. Also, the fees for various courses
are presently fixed by regulatory authority, which limits on the
revenue growth.
Key Rating Strengths
* Long track record of the trust and experience of the promoters
for more than two decades in educational services Industry: VESST
was established in 1995 by Mr. B.Chandra Bose (President), Ms.
Antonysamy Lourdumary (Managing Trustee) and Ms. S.Mathalin Mary
(Trustee). Mr. B.Chandra Bose is a graduate (B.Tech) by
qualification and has more than 30 years of experience in
educational services industry. Ms. Antonysamy Lourdumary is a
qualified graduate (B.A.) and has 25 years of experience in
educational service industry. Ms. S.Mathalin Mary is one of the
trustees has 26 years of experience in educational services
industry.
* Financial Profile marked by moderation albeit satisfactory
surplus margins and continued healthy solvency position: SBID
margin has dropped to 12.70% in FY20 as against 20.06% in FY19 on
account of increase in operating expenses and surplus margin has
declined significantly to 2.64% in FY20 from 21.26% in FY19 on
account decrease in SBID terms. The capital structure marked by
overall gearing improved to 0.19x as on March 31, 2020 as against
0.28x as on March 31, 2019 on account of increase in corpus fund.
* Satisfactory infrastructure facilities and resources: The
St.Josephs's Polytechnic College (krishnagiri) campus, which is
spread over 8.5 acres of land with separate blocks and building for
every department. It has multiple libraries with vast and
comprehensive collections on various topics and subjects. The
institution has laboratories with sophisticated modern equipment
for undertaking leading edge research. Each Department is provided
with the latest computer systems and internet facility. Also, the
campus provides other facilities like canteen and post office.
St.Josephs's Institute of Advance Research has sophisticated
classrooms, libraries for students belonging to different courses.
St.Josephs's Nursery & Primary School (CBSE) has smart class rooms
with computer lab facility for students. St.Josephs's Industrial
Training Institute has separate blocks and building for every
department. It has separate laboratories for each department with
modern equipment. It also has hostel and canteen facilities.
St.Josephs's School of Nursing (Krishnagiri) with general hospital
has modern facilities and equipment for the students pursuing
Auxiliary Nursing Midwifery (ANM) and General Nursing and Midwifery
(GNM) courses.
Stretched Liquidity
Liquidity is stretched marked by tightly matched accruals of
INR0.19 crore in FY20 to repay its term debt of INR5.87 crore as on
March 23, 2021 and the cash and bank balance of the trust stood low
at INR0.30 crore as on March 31, 2020. As per RBI announcements,
the trust has availed COVID-19 moratorium for its bank facility.
Vinnarasi Educational and Social Service Trust (VESST) was
established in the year 1995 by Mr. B.Chandra Bose (President), Ms.
Antonysamy Lourdumary (Managing Trustee) and Ms. S.Mathalin Mary
(Trustee). VESST presently runs seven educational institution which
includes St.Josephs's Polytechnic College (krishnagiri),
St.Josephs's Institute of Advance Research (Distance
Education)(Hosur), St. Antony college of Nursing (Hosur),
St.Josephs's School of Nursing (Krishnagiri), St.Josephs's
Industrial Training Institute(Hosur and Krishnagiri), St.Josephs's
Industrial School (Hosur and Krishnagiri), and St.Josephs's Nursery
& Primary School(CBSE) (Krishnagiri). St.Josephs's Institute of
Advance Research is the study centre for J.R.N.Rajasthan Vidyapeeth
(Delhi), IASE University (Delhi) and KSOU (Mysore). The trust also
conducts medical camps in villages and also gives ITI training to
students who are school drop outs at free of cost as a social
service.
YAPAPP INDIA: Voluntary Liquidation Process Case Summary
--------------------------------------------------------
Debtor: YapApp India Private Limited
# 2244, Block-C
Sector-66 B, Aero City
SAS Nagar Mohali
Punjab 160062
Liquidation Commencement Date: February 28, 2022
Court: National Company Law Tribunal, New Delhi Bench
Insolvency professional: Surendra Raj Gang
Interim Resolution
Professional: Surendra Raj Gang
GT Restructuring Services LLP
L 41 Connaught Circus
New Delhi 110001
E-mail: Surendra.raj@in.gt.com
Lq.yapapp@in.gt.com
Last date for
submission of claims: March 31, 2022
ZENICA PERFORMANCE: ICRA Keeps D Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the Long-term ratings of Zenica Performance Cars
Private Limited in the 'Issuer Not Cooperating' category. The
ratings are denoted as [ICRA]D/[ICRA]D; ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 40.00 [ICRA]D; ISSUER NOT COOPERATING;
Unallocated Rating Continues to remain under
'Issuer Not Cooperating'
Category
Short term– 10.00 [ICRA]D; ISSUER NOT
COOPERATING;
Non fund based Rating Continues to remain under
'Issuer Not Cooperating'
Category
ICRA has been trying to seek information from the entity so as to
monitor its performance. Further, ICRA has been sending repeated
reminders to the entity for payment of surveillance fee that became
due. Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. The current rating action has been taken
by ICRA basis best available/dated/limited information on the
issuers' performance. Accordingly, the lenders, investors and other
market participants are advised to exercise appropriate caution
while using this rating as the rating may not adequately reflect
the credit risk profile of the entity. The rating action has been
taken in accordance with ICRA's policy in respect of
non-cooperation by a rated entity available at www.icra.in.
Incorporated in 2013, Zenica Performance Cars Private Limited
("ZPCPL") was the first authorized dealership of Porsche in Indian
automotive market with its sales showroom cum service workshop,
Porsche Centre Gurgaon, located in Gurgaon, Haryana (Golf Course
Road). In addition, company also has a Porsche workshop in
Chandigarh. The company is a part of the Zenica Group which also
operates an Audi dealership, Zenica Cars India Private Limited, in
DelhiNCR comprising two Audi showrooms, one Audi Approved Plus
(pre-owned cars showroom) and one Audi Service Gurgaon. Further,
the group has diversified interest with presence of iZenica stores
(Zenica Lifestyle Private Limited) across the country which are
engaged in reselling of Apple, Inc. products.
===============
M A L A Y S I A
===============
1MDB: Gov't Still Needs to Cover MYR17BB Shortfall to Repay Debts
-----------------------------------------------------------------
Bernama reports that the Malaysian government still needs to cover
a shortfall of RM17 billion to repay the remaining balance in
principal and interest of 1Malaysia Development Bhd's (1MDB) debts
totalling RM38.8 billion for the 2023 to 2039 period, said Finance
Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz on March 14.
He said the government had repaid RM13.31 billion of 1MDB's loans
and interest through the ministry's Assets Recovery Trust Account,
the report relays.
"At the same time, the trust account still has a balance of RM15.76
billion and [this] is not sufficient to settle all of 1MDB's
principal loans," he said when winding up the debate on the motion
of thanks for the Royal Address for the Ministry of Finance in the
Dewan Rakyat on March 14.
According to Bernama, Tengku Zafrul said the government will
receive settlement funds of MYR515 million from AmBank as well as
US$954 million from Goldman Sachs.
"This means that the government still has to cover the shortfall of
MYR17 billion to repay the principal loans and interest of 1MDB
amounting to MYR38.8 billion for 2023 to 2039," he added.
Bernama relates that Tengku Zafrul said public funds had been used
and will still need to be used to settle 1MDB's debts, whether in
terms of direct assistance or through asset recoveries.
"Following the financial problems faced by 1MDB, the government
from April 2017 till November 2021 channelled financial assistance
in the forms of loans or advances totalling more than MYR10 billion
via the ministry and Minister of Finance (Incorporated) (MoF Inc)
companies for the repayment of 1MDB's commitments and interest on
loans," he added.
He said the government will continue to ensure 1MDB's debts are
paid on time to avoid the event of a default, which would have
negative implications for the country's economy as these debts had
been guaranteed by the government, Bernama relays.
Tengku Zafrul added that the government will also strive to recover
the misappropriated funds related to 1MDB, either through legal
action or negotiations, adds Bernama.
About 1MDB
Kuala Lumpur-based 1Malaysia Development Bhd (1MDB) is an insolvent
Malaysian strategic development company, wholly owned by the
Malaysian Minister of Finance. 1MDB was established in 2009 to
foster long-term economic development for the country by forging
global partnerships, particularly in energy, real estate, tourism,
and agribusiness.
The Company was founded shortly after Dato Sri Najib Razak became
Prime Minister of Malaysia in July 2009. Najib said the
establishment of 1MDB into a federal entity was to benefit a
majority of Malaysians.
1MDB is said to have raised billions of dollars in bonds, for
investment projects and joint ventures, between 2009 and 2013.
Among those projects are the Tun Razak Exchange, Tun Razak
Exchange's sister project Bandar Malaysia, and the acquisition of
three independent power producers.
The Company came into heavy scrutiny in 2015 for suspicious money
transactions and evidence pointing to money laundering, fraud and
theft. The corruption scandal in 1MDB has implicated high-level
officials, including Prime Minister Najib Razak, as wells as banks
and financial institutions around the world.
In 2016, the U.S. Department of Justice filed a lawsuit, alleging
that at least US$3.5 billion has been stolen from 1MDB. In
September 2020, the alleged amount stolen had been raised to US$4.5
billion and a Malaysian government report listed 1MDB's outstanding
debts to be US$7.8 billion.
Malaysia has been filing lawsuits over the years in an effort to
recover the missing billions of dollars. Among others, in May
2021, Malaysia filed 22 civil suits against entities and people
involved in the corruption scandal, including units of Deutsche
Bank and JP Morgan.
Malaysia said in September 2020 it has so far recovered about $3.24
billion in assets linked to the 1MDB matter. This amount includes
about US$600 million cash and assets returned by U.S. authorities;
about $2.5 billion paid by Goldman Sachs as settlement; as well as
$780 million in settlement amounts from Malaysian banking group
AmBank and audit firm Deloitte.
TH HEAVY: Time to Submit Regularisation Plan Extended Until Aug. 22
-------------------------------------------------------------------
The Star reports that TH Heavy Engineering Bhd has been granted an
extension of time until Aug. 22, 2022 by Bursa Malaysia Securities
Bhd (Bursa Securities) to submit its regularisation plan to the
relevant authorities for approval.
In a filing with Bursa Malaysia on March 8, the Practice Note 17
(PN17) company said it had appealed to Bursa Securities on Dec. 9,
2021 regarding the latters' decision to de-list the company's
securities and to reconsider its decision to grant the company a
further extension of time, The Star relates.
"After due consideration of all facts and circumstances of the
appeal submitted by the company on Dec. 9, 2021, Bursa Securities
has decided to allow the appeal and grant the company an extension
of time until Aug. 22, 2022 to submit the regularisation plan to
the relevant authorities for approval," it said.
According to the report, the ailing oil and gas player has received
several extensions to submit its regularisation plan since slipping
into PN17 status in April 2017.
TH Heavy Engineering Berhad is an investment holding company. The
Company is engaged in the provision of management services. The
Company is engaged in the fabrication of offshore steel structures
and the provision of other related offshore oil and gas engineering
services in Malaysia.
TH Heavy slipped into Practice Note 17 (PN17) status in April 2017
after the company's independent auditors expressed a disclaimer
opinion on its accounts for the financial year ended Dec. 31,
2016.
The company is currently formulating a regularisation plan that
includes a scheme that would demonstrate the company's ability to
generate adequate cashflow from operations.
=====================
N E W Z E A L A N D
=====================
CNZ TRADE: Creditors' Proofs of Debt Due on April 27
----------------------------------------------------
Creditors of CNZ trade co. Limited are required to file their
proofs of debt by April 27, 2022, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on March 4, 2022.
The company's liquidators are:
Daran Nair
Heiko Draht
Nair Draht Limited
97 Great South Road
Greenlane, Auckland 1051
GEVIR LIMITED: Court to Hear Wind-Up Petition on March 23
---------------------------------------------------------
A petition to wind up the operations of Gevir Limited will be heard
before the High Court at Napier on March 23, 2022, at 2:15 p.m.
Moore Markhams Hawkes Bay Limited filed the petition against the
company on Jan. 26, 2022.
The Petitioner's solicitor is:
Jo Welson
Sainsbury Logan & Williams
61 Tennyson Street, Napier 4110
INNOVATIVE KITCHEN: Creditors' Proofs of Debt Due on April 18
-------------------------------------------------------------
Creditors of Innovative Kitchen & Joinery Limited, which is in
voluntary liquidation, are required to file their proofs of debt by
April 18, 2022, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on March 10, 2022.
The company's liquidator is:
Pritesh Patel
Patel & Co
344 Great South Road
Papatoetoe, Auckland 2215
MINT RENTALS: Court to Hear Wind-Up Petition on May 13
------------------------------------------------------
A petition to wind up the operations of Mint Rentals Limited will
be heard before the High Court at Auckland on May 13, 2022, at
10:00 a.m.
NZGT (FP) Trustee Limited (trustee for FP Ignition Trust 2011-1 New
Zealand trading as FleetPartners Group) filed the petition against
the company on Jan. 31, 2022.
The Petitioner's solicitor is:
Brett Leeson Martelli
HC Legal Limited
Level 1, 19 Mauranui Avenue
Newmarket, Auckland
SK ARCHITECTURAL: Creditors' Proofs of Debt Due on April 14
-----------------------------------------------------------
Creditors of SK Architectural Designs Limited are required to file
their proofs of debt by April 14, 2022, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on March 7, 2022.
The company's liquidator is:
Craig Andrew Young
PO Box 87340, Auckland
=====================
P H I L I P P I N E S
=====================
RURAL BANK OF SALCEDO: Placed Under PDIC Receivership
-----------------------------------------------------
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP)
prohibited Rural Bank of Salcedo (Ilocos Sur), Inc. from doing
business in the Philippines through MB Resolution No. 275.C dated
March 3, 2022 which also directed the Philippine Deposit Insurance
Corporation (PDIC), as Receiver, to proceed with the takeover and
liquidation of the bank. The PDIC took over the bank on March 4,
2022.
For the safety of the bank clients and local residents, the PDIC
field personnel complied with the health, quarantine and travel
protocols in accordance with Resolution No. 98-A issued by the
Inter-Agency Task Force for the Emerging Infectious Disease (IATF).
The same Resolution also authorized the PDIC personnel to travel on
official business unimpeded to ensure that the PDIC is
able to fulfill its mandates under the law.
Rural Bank of Salcedo (Ilocos Sur), Inc. is a single-unit rural
bank with Head Office located in Poblacion Norte, Salcedo, Ilocos
Sur. Latest available records show that as of December 31, 2021,
Rural Bank of Salcedo (Ilocos Sur), Inc. has 687 deposit accounts
with total deposit liabilities of PHP31.1 million, of which 94.3%
or PHP29.4 million are insured deposits.
The PDIC assured depositors that all valid deposits and claims will
be paid up to the maximum deposit insurance coverage of
PHP500,000.00 per depositor.
Individual account holders of valid deposits with balances of
P100,000.00 and below, who have no outstanding obligations or have
not acted as co-makers of obligations with Rural Bank of Salcedo
(Ilocos Sur), Inc. are not required to file deposit insurance
claims. These individual depositors must ensure that they have
complete and updated addresses with the bank. Depositors may update
their addresses by submitting a Mailing Address Update Form (MAUF)
until March 14, 2022, either through the drop box available at the
bank premises, or by sending a scanned copy of said Form and valid
ID to email address,salcedo-pad@pdic.gov.ph. MAUF will be made
available at the bank premises or may be downloaded from the PDIC
website at www.pdic.gov.ph.
Insurance payments for valid deposits with balances of
PHP100,000.00 and below will be made through postal money order and
targeted to be sent via mail starting on March 22, 2022.
For business entities and all other depositors who are required to
file claims for insured deposit, receiving of claims is targeted to
start by March 29, 2022. Details will be announced through the
PDIC website www.pdic.gov.ph, and PDIC's official Facebook page,
www.facebook.com/OfficialPDIC
Borrowers are likewise reminded to continue paying their loan
obligations with the closed Rural Bank of Salcedo (Ilocos Sur),
Inc. and to transact only with designated PDIC representatives. The
procedures for settlement of loan obligations are available in the
PDIC website.
For more information on the requirements and procedures for filing
deposit insurance claims and settlement of loan obligations,
depositors and borrowers of the bank are enjoined to attend the
virtual Depositors-Borrowers' Forum scheduled on March 18, 2022.
Details of the Forum will also be announced in the PDIC website and
Facebook page.
As provided for by the PDIC Charter, the PDIC shall likewise accept
Letters of Intent from interested banks and non-bank institutions
for possible purchase of assets and assumption of liabilities (P&A)
as a mode of liquidating Rural Bank of Salcedo (Ilocos Sur), Inc.
Letters of intent should be submitted within 60 days from takeover
date subject to compliance with the requirements prescribed under
the Guidelines in Pre-qualifying Proponents and Evaluating the
Proposals for Purchase of Assets and Assumption of Liabilities Mode
of Liquidating Closed Banks which can be accessed in the PDIC
website.
To ensure the safety of all concerned and observance of health
protocols, all clients of the bank may communicate with PDIC
through any of the following modes: Public Assistance Hotline
during office hours at (02) 8841-4141, Toll-Free Hotline at
1-800-1-888-PDIC (7342) during office hours for those outside Metro
Manila, e-mail to salcedo-pad@pdic.gov.ph or Facebook private
message. In view of the strict health protocols, visits to the PDIC
will be on appointment basis only. Appointment schedule may be
secured through telephone, email or Facebook private message.
=================
S I N G A P O R E
=================
HENG LEE: Court Enters Wind-Up Order
------------------------------------
The High Court of Singapore entered an order on March 4, 2022, to
wind up the operations of Heng Lee Engineering Private Limited.
The Hongkong And Shanghai Banking Corporation Limited filed the
petition against the company.
The company's liquidator is:
Mr. Gary Loh Weng Fatt
M/s BDO Advisory Pte. Ltd.
600 North Bridge Road
#23-01, Parkview Square
Singapore 188778
HS COMPRESSION: Court Enters Wind-Up Order
------------------------------------------
The High Court of Singapore entered an order on March 7, 2022, to
wind up the operations of HS Compression & Process Pte. Ltd.
Lin Yueh Hung and Oon Su Sun filed the petition against the
company.
The company's liquidators are:
Ng Kian Kiat and Oon Su Sun
c/o RSM Corporate Advisory Pte Ltd
8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095
KINMOO PTE: Commences Wind-Up Proceedings
-----------------------------------------
Members of Kinmoo Pte Ltd, on March 3, 2022, passed a resolution to
voluntarily wind up the company's operations.
The company's liquidator is:
Ms Chan Li Shan
c/o Agile 8 Solutions Pte. Ltd.
133 Cecil Street Keck Seng Tower #14-01
Singapore 069535
KML MANUFACTURING: Court Enters Wind-Up Order
---------------------------------------------
The High Court of Singapore entered an order on March 4, 2022, to
wind up the operations of KML Manufacturing Pte. Ltd.
The Hongkong And Shanghai Banking Corporation Limited filed the
petition against the company.
The company's liquidator is:
Mr. Gary Loh Weng Fatt
M/s 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 March 7, 2022 to March 11, 2022
--------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
AUSTRALIA & NEW ZEALAND 3.00 12/17/40 AUD 73.83
AUSTRALIA & NEW ZEALAND 2.92 12/22/40 AUD 74.25
CLIME CAPITAL LTD/FUND 5.25 11/30/25 AUD 1.01
COMMONWEALTH BANK OF AUS 3.20 08/27/40 AUD 71.91
COMMONWEALTH BANK OF AUS 3.00 12/10/40 AUD 74.44
COMMONWEALTH BANK OF AUS 3.12 08/27/41 AUD 69.50
COMMONWEALTH BANK OF AUS 3.30 09/24/41 AUD 72.28
COMMONWEALTH BANK OF AUS 3.30 08/26/50 AUD 58.63
GLENNON SMALL COS LTD 5.60 09/30/30 AUD 10.33
VIRGIN AUSTRALIA HOLDING 7.88 10/15/21 USD 3.89
VIRGIN AUSTRALIA HOLDING 7.88 10/15/21 USD 3.89
VIRGIN AUSTRALIA HOLDING 8.25 05/30/23 AUD 6.14
VIRGIN AUSTRALIA HOLDING 8.08 03/05/24 AUD 6.03
VIRGIN AUSTRALIA HOLDING 8.13 11/15/24 USD 4.04
VIRGIN AUSTRALIA HOLDING 8.13 11/15/24 USD 4.04
VIRGIN AUSTRALIA HOLDING 8.00 11/26/24 AUD 4.53
CHINA
-----
AKESU DISTRICT GREEN IND 4.09 03/11/23 CNY 39.99
AKESU DISTRICT GREEN IND 4.09 03/11/23 CNY 40.17
AKESU TEXTILE CITY DEVEL 7.50 06/21/24 CNY 59.80
AKESU TEXTILE CITY DEVEL 7.50 06/21/24 CNY 61.40
AKESU XINCHENG ASSET INV 6.40 04/20/22 CNY 20.08
AKESU XINCHENG ASSET INV 6.40 04/20/22 CNY 20.24
ALTAY PREFECTURE STATE-O 4.85 01/22/23 CNY 19.87
ALTAY PREFECTURE STATE-O 4.85 01/22/23 CNY 19.95
ANHUI DANGTU ECO DEVELOP 6.00 09/11/24 CNY 60.00
ANHUI DANGTU ECO DEVELOP 6.00 09/11/24 CNY 62.35
ANHUI HUAAN FOREIGN ECON 7.30 07/13/21 CNY 70.01
ANHUI HUAINING URBAN & R 5.80 08/28/24 CNY 60.00
ANHUI HUAINING URBAN & R 5.80 08/28/24 CNY 60.66
ANHUI JIANGNAN INDUSTRIA 4.76 07/08/23 CNY 39.83
ANHUI JIANGNAN INDUSTRIA 4.76 07/08/23 CNY 40.08
ANHUI LANGCHUAN HOLDING 6.13 12/11/24 CNY 62.94
ANHUI LEXING CITY CONSTR 6.05 11/01/24 CNY 60.90
ANHUI LEXING CITY CONSTR 6.05 11/01/24 CNY 62.05
ANJI NORTHWEST DEVELOPME 5.90 07/18/23 CNY 40.00
ANJI NORTHWEST DEVELOPME 5.90 07/18/23 CNY 40.29
ANLU CONSTRUCTION DEVELO 5.45 06/15/23 CNY 40.08
ANNING DEVELOPMENT INVES 8.80 09/11/25 CNY 65.75
ANQING ECONOMIC&TECHNOLO 4.09 03/09/23 CNY 40.15
ANQING ECONOMIC&TECHNOLO 4.09 03/09/23 CNY 40.25
ANQING URBAN CONSTRUCTIO 6.01 04/27/22 CNY 20.00
ANQING URBAN CONSTRUCTIO 6.01 04/27/22 CNY 20.09
ANQING WANJIANG HIGH TEC 6.50 08/02/24 CNY 59.40
ANQING WANJIANG HIGH TEC 6.50 08/02/24 CNY 60.00
ANQIU HUAAN STATE OWNED 7.00 09/14/24 CNY 58.80
ANQIU HUAAN STATE OWNED 7.00 09/14/24 CNY 59.20
ANSHUN CITY CONSTRUCTION 7.30 09/15/24 CNY 48.72
ANSHUN CITY CONSTRUCTION 7.30 09/15/24 CNY 51.10
ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 35.72
ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 37.39
ANSHUN TRANSPORTATION DE 7.50 10/31/24 CNY 54.97
ANSHUN XIXIU CITY INVEST 4.70 11/22/23 CNY 33.72
ANSHUN XIXIU CITY INVEST 4.70 11/22/23 CNY 39.84
ANYUE XINGAN CITY DEVELO 7.50 01/30/25 CNY 61.36
ANYUE XINGAN CITY DEVELO 7.50 01/30/25 CNY 62.76
AOYUAN CORP GROUP LTD 6.60 09/03/23 CNY 38.00
AOYUAN CORP GROUP LTD 5.50 03/03/25 CNY 25.50
AOYUAN CORP GROUP LTD 5.65 08/06/25 CNY 59.71
BANK OF CHINA LTD/PARIS 0.50 03/13/22 EUR 96.01
BAOJI INVESTMENT GROUP C 5.05 04/18/24 CNY 61.22
BAOTOU AFFORDABLE HOUSIN 5.25 07/27/24 CNY 60.94
BAOTOU AFFORDABLE HOUSIN 5.25 07/27/24 CNY 61.50
BAOTOU AFFORDABLE HOUSIN 5.31 08/10/24 CNY 61.01
BAOTOU CITY SCIENCE EDUC 6.48 03/25/22 CNY 20.03
BAOTOU CITY SCIENCE EDUC 6.48 03/25/22 CNY 20.04
BAOTOU QINSHAN HOUSING D 7.90 12/26/23 CNY 46.10
BAOYING CITY CONSTRUCTIO 4.50 03/24/23 CNY 39.85
BAOYING CITY CONSTRUCTIO 4.50 03/24/23 CNY 40.31
BAOYING COUNTY DEVELOPME 5.45 08/21/24 CNY 61.51
BAOYING COUNTY DEVELOPME 5.49 10/17/24 CNY 61.69
BAYAN ZHUOER HETAO WATER 8.54 03/31/22 CNY 14.76
BAYAN ZHUOER HETAO WATER 8.54 03/31/22 CNY 14.98
BAZHONG STATE-OWNED CAPI 5.13 12/02/22 CNY 18.79
BAZHONG STATE-OWNED CAPI 5.13 12/02/22 CNY 19.00
BAZHOU GUOHUI CONSTRUCTI 6.08 06/19/24 CNY 61.49
BAZHOU GUOHUI CONSTRUCTI 6.08 06/19/24 CNY 61.58
BEIJING FUTURE SCIENCE P 4.20 08/13/22 CNY 20.01
BEIPIAO CITY CONSTRUCTIO 6.70 03/25/23 CNY 40.33
BEIPIAO CITY CONSTRUCTIO 6.70 03/25/23 CNY 40.61
BENGBU ECONOMIC DEVELOPM 6.45 07/13/24 CNY 60.00
BENGBU ECONOMIC DEVELOPM 6.45 07/13/24 CNY 60.31
BENGBU URBAN INVESTMENT 5.80 04/13/24 CNY 61.72
BENGBU URBAN INVESTMENT 5.80 04/13/24 CNY 61.72
BIJIE CITY ANFANG CONSTR 7.80 01/18/26 CNY 70.17
BIJIE CONSTRUCTION INVES 5.78 07/06/24 CNY 61.04
BIJIE CONSTRUCTION INVES 5.55 08/03/24 CNY 60.00
BIJIE CONSTRUCTION INVES 5.55 08/03/24 CNY 61.12
BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 35.01
BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 36.15
BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 37.54
BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 40.44
BIJIE QIXINGGUAN DISTRIC 7.60 09/08/24 CNY 61.86
BIJIE XINTAI INVESTMENT 7.80 11/01/24 CNY 52.00
BIJIE XINTAI INVESTMENT 7.80 11/01/24 CNY 53.85
BINZHOU ZHANHUA DISTRICT 4.93 11/29/23 CNY 40.60
BINZHOU ZHANHUA DISTRICT 4.93 11/29/23 CNY 40.60
BINZHOU ZHONGHAI VENTURE 6.65 04/13/22 CNY 20.00
BINZHOU ZHONGHAI VENTURE 6.65 04/13/22 CNY 20.06
BORALA MONGOL AUTONOMOUS 5.77 08/26/22 CNY 20.05
BORALA MONGOL AUTONOMOUS 5.77 08/26/22 CNY 20.10
BOZHOU URBAN CONSTRUCTIO 4.78 04/14/23 CNY 40.17
BOZHOU URBAN CONSTRUCTIO 4.78 04/14/23 CNY 40.50
BRILLIANCE AUTO GROUP HO 5.30 10/23/20 CNY 49.50
BRILLIANCE AUTO GROUP HO 6.50 01/22/22 CNY 49.50
BRILLIANCE AUTO GROUP HO 6.50 03/13/22 CNY 49.50
BRILLIANCE AUTO GROUP HO 6.50 04/18/22 CNY 49.50
BRILLIANCE AUTO GROUP HO 6.50 06/03/22 CNY 49.50
BRILLIANCE AUTO GROUP HO 6.30 09/14/23 CNY 49.50
BRILLIANCE AUTO GROUP HO 5.40 09/14/23 CNY 55.80
BRILLIANCE AUTO GROUP HO 6.30 09/14/23 CNY 56.93
BRILLIANCE AUTO GROUP HO 5.80 11/05/23 CNY 49.50
BRILLIANCE AUTO GROUP HO 5.80 11/05/23 CNY 59.80
BRILLIANCE AUTO GROUP HO 5.80 03/20/24 CNY 54.80
BRILLIANCE AUTO GROUP HO 5.80 06/17/24 CNY 49.50
BRILLIANCE AUTO GROUP HO 5.80 06/17/24 CNY 60.78
CANGNAN COUNTY STATE OWN 5.58 11/11/22 CNY 20.30
CANGNAN COUNTY STATE OWN 5.58 11/11/22 CNY 20.33
CEFC SHANGHAI INTERNATIO 4.98 12/10/20 CNY 61.29
CEFC SHANGHAI INTERNATIO 4.08 09/09/21 CNY 60.00
CHANG DE DING LI INDUSTR 4.30 03/10/23 CNY 40.23
CHANG DE DING LI INDUSTR 4.30 03/10/23 CNY 40.26
CHANG DE DING LI INDUSTR 6.10 07/20/24 CNY 59.92
CHANG DE DING LI INDUSTR 6.10 07/20/24 CNY 60.23
CHANGDE DE YUAN SHANTY T 5.33 09/13/23 CNY 39.35
CHANGDE URBAN CONSTRUCTI 3.59 01/12/23 CNY 20.00
CHANGDE URBAN CONSTRUCTI 3.59 01/12/23 CNY 20.12
CHANGGE JINCAI PUBLIC AS 7.10 04/19/24 CNY 59.99
CHANGGE JINCAI PUBLIC AS 7.10 04/19/24 CNY 60.00
CHANGJI URBAN CONSTRUCTI 4.24 11/18/23 CNY 37.70
CHANGJI URBAN CONSTRUCTI 4.24 11/18/23 CNY 40.26
CHANGLE COUNTY NEWTOWN D 5.18 12/16/22 CNY 20.00
CHANGLE COUNTY NEWTOWN D 5.18 12/16/22 CNY 20.41
CHANGSHA COUNTY XINGCHEN 7.90 03/25/22 CNY 25.12
CHANGSHA COUNTY XINGCHEN 7.90 03/25/22 CNY 25.12
CHANGSHA ECONOMIC & TECH 8.45 04/13/22 CNY 15.10
CHANGSHA ECONOMIC & TECH 4.78 03/03/24 CNY 60.94
CHANGSHA ECONOMIC & TECH 4.78 03/03/24 CNY 61.26
CHANGSHA FURONG CITY DEV 3.88 01/26/23 CNY 20.12
CHANGSHA FURONG CITY DEV 3.88 01/26/23 CNY 20.22
CHANGSHA JINZHOU NEW CIT 6.60 08/24/24 CNY 60.00
CHANGSHA JINZHOU NEW CIT 6.60 08/24/24 CNY 61.87
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 30.68
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 31.01
CHANGSHA METRO GROUP CO 5.97 04/03/25 CNY 62.84
CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 60.00
CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 62.60
CHANGSHA METRO GROUP CO 4.10 12/21/25 CNY 61.42
CHANGSHA METRO GROUP CO 4.10 12/21/25 CNY 61.47
CHANGSHA TIANXIN CITY CO 4.20 11/06/22 CNY 20.00
CHANGSHA TIANXIN CITY CO 4.20 11/06/22 CNY 20.16
CHANGSHA TIANXIN CITY CO 3.43 08/08/23 CNY 39.13
CHANGSHA TIANXIN CITY CO 3.43 08/08/23 CNY 40.08
CHANGSHA YUHUA JINGKAI D 4.17 09/06/23 CNY 40.18
CHANGSHA YUHUA JINGKAI D 4.17 09/06/23 CNY 40.21
CHANGSHA YUHUA URBAN CON 3.80 01/28/23 CNY 20.14
CHANGSHA YUHUA URBAN CON 3.80 01/28/23 CNY 20.15
CHANGSHU DONGNAN ASSET I 6.53 03/26/22 CNY 20.07
CHANGSHU DONGNAN ASSET I 6.53 03/26/22 CNY 27.32
CHANGXING SOUTHERN TAIHU 6.50 11/30/25 CNY 75.00
CHANGZHOU JINTAN COMMUNI 6.50 11/07/24 CNY 60.00
CHANGZHOU JINTAN COMMUNI 6.50 11/07/24 CNY 61.00
CHANGZHOU JINTAN COMMUNI 7.10 12/21/24 CNY 60.00
CHANGZHOU JINTAN COMMUNI 7.10 12/21/24 CNY 61.70
CHANGZHOU TIANNING CONST 6.48 02/12/22 CNY 20.00
CHANGZHOU TIANNING CONST 6.48 02/12/22 CNY 20.00
CHANGZHOU XINGANG ECONOM 3.42 10/20/23 CNY 39.68
CHANGZHOU XINGANG ECONOM 3.42 10/20/23 CNY 40.20
CHANGZHOU ZHONGLOU ECONO 3.64 10/26/23 CNY 40.17
CHANGZHOU ZHONGLOU ECONO 3.64 10/26/23 CNY 40.24
CHAOHU URBAN TOWN CONSTR 6.50 04/30/22 CNY 20.13
CHAOHU URBAN TOWN CONSTR 6.50 04/30/22 CNY 21.80
CHENGDU GARDEN WATER CIT 6.15 05/03/23 CNY 39.63
CHENGDU GARDEN WATER CIT 6.15 05/03/23 CNY 40.08
CHENGDU GARDEN WATER CIT 7.50 09/11/24 CNY 58.33
CHENGDU GARDEN WATER CIT 7.50 09/11/24 CNY 62.19
CHENGDU LIN JIANG GARDEN 6.75 08/02/24 CNY 60.90
CHENGDU PIDU DISTRICT ST 6.95 04/01/22 CNY 20.09
CHENGDU PIDU DISTRICT ST 6.95 04/01/22 CNY 20.11
CHENGDU SHUZHOU CITY CON 6.58 05/26/22 CNY 20.16
CHENGDU SHUZHOU CITY CON 6.58 05/26/22 CNY 20.50
CHENGDU XINGCHENGJIAN IN 6.00 03/20/22 CNY 20.00
CHENGDU XINGCHENGJIAN IN 6.00 03/20/22 CNY 20.06
CHENGDU XINGJIN ECOLOGIC 3.65 10/13/23 CNY 39.96
CHENGDU XINGJIN ECOLOGIC 3.65 10/13/23 CNY 40.16
CHENGDU XINGSHU INVESTME 6.78 08/21/24 CNY 60.00
CHENGDU XINGSHU INVESTME 6.78 08/21/24 CNY 61.53
CHENGDU XINJIN COUNTY ST 6.40 07/05/24 CNY 59.39
CHENGDU XINJIN COUNTY ST 6.40 07/05/24 CNY 60.54
CHENGDU XINJIN COUNTY ST 6.28 08/03/24 CNY 59.29
CHENGDU XINJIN COUNTY ST 6.28 08/03/24 CNY 60.00
CHENGDU XINKAIYUAN URBAN 5.29 04/27/23 CNY 39.69
CHENGDU XINKAIYUAN URBAN 5.29 04/27/23 CNY 40.05
CHENZHOU BAIFU INVESTMEN 4.96 03/22/26 CNY 57.37
CHENZHOU BAIFU INVESTMEN 4.96 03/22/26 CNY 64.21
CHENZHOU FUCHENG HIGH TE 4.73 01/22/23 CNY 20.10
CHENZHOU FUCHENG HIGH TE 4.73 01/22/23 CNY 20.15
CHENZHOU WENLV INDUSTRY 5.34 11/28/23 CNY 40.07
CHENZHOU XINTIAN INVESTM 6.00 07/26/24 CNY 56.35
CHENZHOU XINTIAN INVESTM 6.00 07/26/24 CNY 60.00
CHENZHOU XINTIAN INVESTM 5.38 03/08/26 CNY 64.86
CHENZHOU XINTIAN INVESTM 5.38 03/08/26 CNY 65.83
CHIBI LANTIAN URBAN CONS 4.38 08/10/23 CNY 39.89
CHIBI LANTIAN URBAN CONS 4.38 08/10/23 CNY 40.06
CHINA FORTUNE LAND DEVEL 7.40 03/24/21 CNY 25.13
CHINA FORTUNE LAND DEVEL 7.20 04/18/21 CNY 25.13
CHINA FORTUNE LAND DEVEL 5.60 09/10/21 CNY 25.13
CHINA FORTUNE LAND DEVEL 5.80 05/23/22 CNY 20.50
CHINA FORTUNE LAND DEVEL 5.00 05/30/22 CNY 68.15
CHINA GRAND AUTOMOTIVE S 9.13 01/30/24 USD 72.31
CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00
CHISHUI CITY CONSTRUCTIO 8.50 01/18/26 CNY 71.10
CHONGQIN BAIYAN INVESTME 5.75 05/03/23 CNY 40.38
CHONGQIN BAIYAN INVESTME 5.75 05/03/23 CNY 40.69
CHONGQIN XINLIANG INVEST 4.76 08/26/23 CNY 39.13
CHONGQIN XINLIANG INVEST 4.76 08/26/23 CNY 39.80
CHONGQING BANAN ECONOMIC 6.17 03/13/22 CNY 19.03
CHONGQING BANAN ECONOMIC 6.17 03/13/22 CNY 20.03
CHONGQING BAYUAN CONSTRU 4.99 08/16/23 CNY 39.26
CHONGQING BISHAN DISTRIC 4.93 03/29/23 CNY 40.35
CHONGQING BISHAN DISTRIC 4.93 03/29/23 CNY 40.41
CHONGQING DAZU INDUSTRIA 6.30 04/28/22 CNY 20.00
CHONGQING DAZU INDUSTRIA 6.30 04/28/22 CNY 20.08
CHONGQING DAZU URBAN CON 3.97 08/11/22 CNY 49.54
CHONGQING DAZU URBAN CON 3.97 08/11/22 CNY 49.63
CHONGQING DAZU YONGSHENG 6.48 07/24/24 CNY 59.48
CHONGQING DAZU YONGSHENG 6.48 07/24/24 CNY 61.20
CHONGQING ECO&TECH DEVEL 3.95 04/13/23 CNY 40.07
CHONGQING ECO&TECH DEVEL 3.95 04/13/23 CNY 40.19
CHONGQING HECHUAN CITY C 3.95 09/06/23 CNY 39.87
CHONGQING HECHUAN CITY C 3.95 09/06/23 CNY 40.12
CHONGQING HONGYE INDUSTR 6.30 08/02/24 CNY 60.89
CHONGQING HONGYE INDUSTR 6.30 08/02/24 CNY 61.72
CHONGQING HONGYE INDUSTR 6.45 11/27/24 CNY 62.08
CHONGQING JIANGJIN DISTR 6.40 09/13/24 CNY 60.00
CHONGQING JIANGJIN DISTR 6.40 09/13/24 CNY 60.53
CHONGQING JIN TONG INDUS 4.44 11/16/23 CNY 37.36
CHONGQING JIN TONG INDUS 4.44 11/16/23 CNY 39.70
CHONGQING JIN TONG INDUS 6.50 08/01/24 CNY 50.00
CHONGQING JIN TONG INDUS 6.50 08/01/24 CNY 55.10
CHONGQING JINYUN ASSET M 4.50 12/31/22 CNY 20.09
CHONGQING JINYUN ASSET M 4.50 12/31/22 CNY 20.24
CHONGQING KAIQIAN INVEST 4.64 03/21/23 CNY 39.52
CHONGQING KAIQIAN INVEST 4.64 03/21/23 CNY 39.89
CHONGQING LAND PROPERTIE 3.36 03/21/23 CNY 40.10
CHONGQING LAND PROPERTIE 3.36 03/21/23 CNY 40.13
CHONGQING LIANGSHAN CONS 6.30 10/16/24 CNY 62.04
CHONGQING LIANGSHAN CONS 6.30 10/16/24 CNY 62.05
CHONGQING MAIRUI URBAN C 4.95 04/21/23 CNY 40.30
CHONGQING MAIRUI URBAN C 4.95 04/21/23 CNY 40.36
CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 39.94
CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 40.04
CHONGQING QIJIANG EAST N 4.00 09/05/23 CNY 39.12
CHONGQING QIJIANG EAST N 4.00 09/05/23 CNY 39.43
CHONGQING SHUANGFU CONST 6.37 10/13/24 CNY 60.00
CHONGQING SHUANGFU CONST 6.37 10/13/24 CNY 60.87
CHONGQING TONGLIANG JINL 6.59 04/08/22 CNY 20.00
CHONGQING TONGLIANG JINL 6.59 04/08/22 CNY 20.04
CHONGQING TONGLIANG JINL 6.80 02/11/25 CNY 60.00
CHONGQING TONGLIANG JINL 6.80 02/11/25 CNY 62.06
CHONGQING TONGNAN DISTRI 4.99 12/31/22 CNY 19.66
CHONGQING TONGNAN DISTRI 4.99 12/31/22 CNY 19.71
CHONGQING WANSHENG ECO T 8.50 11/25/25 CNY 56.51
CHONGQING WANZHOU SANXIA 4.95 08/25/22 CNY 20.20
CHONGQING WANZHOU SANXIA 4.95 08/25/22 CNY 20.80
CHONGQING WULONG DISTRIC 6.80 09/21/24 CNY 59.00
CHONGQING WULONG DISTRIC 6.80 09/21/24 CNY 61.52
CHONGQING WULONG DISTRIC 6.80 12/28/24 CNY 60.00
CHONGQING WULONG DISTRIC 6.80 12/28/24 CNY 61.85
CHONGQING XINGRONG HOLDI 4.86 03/31/23 CNY 38.50
CHONGQING XINGRONG HOLDI 4.86 03/31/23 CNY 39.98
CHONGQING YINGDI INDUSTR 7.00 11/07/24 CNY 60.00
CHONGQING YINGDI INDUSTR 7.00 11/07/24 CNY 60.12
CHONGQING YUELAI INVESTM 6.09 04/29/22 CNY 20.00
CHONGQING YUELAI INVESTM 6.09 04/29/22 CNY 20.14
CHONGQING YUZHONG STATE- 6.90 02/08/25 CNY 61.00
CHONGQING YUZHONG STATE- 6.90 02/08/25 CNY 64.13
CHUN'AN XINANJIANG DEVEL 6.10 03/11/22 CNY 20.04
CHUN'AN XINANJIANG DEVEL 6.10 03/11/22 CNY 24.55
CHUN'AN XINANJIANG DEVEL 3.84 11/04/23 CNY 39.82
CHUN'AN XINANJIANG DEVEL 3.84 11/04/23 CNY 40.25
CHUZHOU CITY NANQIAO DIS 5.95 10/23/24 CNY 60.00
CHUZHOU CITY NANQIAO DIS 5.95 10/23/24 CNY 62.32
CITIC GUOAN GROUP CORP 4.90 11/06/19 CNY 18.25
CITIC GUOAN GROUP CORP 5.80 12/15/19 CNY 16.70
CITIC GUOAN GROUP CORP 4.23 12/15/20 CNY 18.25
CITIC GUOAN GROUP CORP 4.49 03/08/21 CNY 18.25
CIXI STATE OWNED ASSET I 4.90 04/07/24 CNY 61.09
DAFANG COUNTY CONSTRUCTI 6.00 09/26/23 CNY 38.80
DAFANG COUNTY CONSTRUCTI 6.00 09/26/23 CNY 40.54
DALI HAIDONG DEVELOPMENT 6.01 01/25/23 CNY 18.80
DALI HAIDONG DEVELOPMENT 6.01 01/25/23 CNY 20.07
DALIAN SHITAI CITY CONST 4.50 02/01/23 CNY 18.64
DALIAN SHITAI CITY CONST 4.50 02/01/23 CNY 20.19
DANGTU COUNTY CONSTRUCTI 5.38 08/10/22 CNY 20.19
DANGTU COUNTY CONSTRUCTI 5.38 08/10/22 CNY 20.22
DANGYANG XINYUAN INVESTM 4.97 03/29/23 CNY 39.93
DANGYANG XINYUAN INVESTM 4.97 03/29/23 CNY 39.98
DANYANG HI-TECH INDUSTRY 6.40 04/24/22 CNY 20.00
DANYANG HI-TECH INDUSTRY 6.40 04/24/22 CNY 20.03
DANYANG INVESTMENT GROUP 3.99 01/25/23 CNY 20.05
DANYANG INVESTMENT GROUP 3.99 01/25/23 CNY 20.05
DANYANG INVESTMENT GROUP 5.49 07/18/24 CNY 61.73
DASHIQIAO URBAN CONSTRUC 7.59 08/14/24 CNY 62.16
DASHIQIAO URBAN CONSTRUC 7.59 08/14/24 CNY 62.16
DASHIQIAO URBAN CONSTRUC 7.82 12/01/24 CNY 62.97
DATONG ECONOMIC CONSTRUC 4.49 10/22/22 CNY 20.07
DAWA COUNTY CITY CONSTRU 6.29 06/12/22 CNY 19.77
DAWA COUNTY CITY CONSTRU 6.29 06/12/22 CNY 20.00
DAWA COUNTY LINGANG ECO 5.99 10/19/24 CNY 60.94
DAYE ZHENHENG CITY DEVEL 4.50 03/28/23 CNY 38.84
DAYE ZHENHENG CITY DEVEL 4.50 03/28/23 CNY 40.07
DAYE ZHENHENG CITY DEVEL 4.05 08/31/23 CNY 37.53
DAYE ZHENHENG CITY DEVEL 4.05 08/31/23 CNY 37.59
DAZHOU DEVELOPMENT HOLDI 5.10 11/27/22 CNY 20.00
DAZHOU DEVELOPMENT HOLDI 5.10 11/27/22 CNY 20.24
DAZHOU INVESTMENT CO LTD 3.99 11/04/26 CNY 69.50
DAZHOU INVESTMENT CO LTD 3.99 11/04/26 CNY 70.11
DEQING CONSTRUCTION INVE 3.60 11/11/23 CNY 40.22
DEXING INVESTMENT HOLDIN 5.99 03/21/23 CNY 40.13
DEXING INVESTMENT HOLDIN 5.99 03/21/23 CNY 43.80
DINGYUAN COUNTY URBAN AN 5.80 12/06/24 CNY 60.00
DINGYUAN COUNTY URBAN AN 5.80 12/06/24 CNY 62.56
DONGLING GROUP INC CO 8.00 07/14/22 CNY 20.00
DONGLING GROUP INC CO 8.00 07/14/22 CNY 20.24
DONGTAI STATE-OWNED ASSE 3.04 11/16/23 CNY 39.67
DONGYING CITY URBAN ASSE 5.57 03/31/22 CNY 20.06
DONGYING CITY URBAN ASSE 5.57 03/31/22 CNY 20.33
DONGZHI COUNTY CITY OPER 4.88 06/20/23 CNY 40.24
DONGZHI COUNTY CITY OPER 4.88 06/20/23 CNY 40.38
DUJIANGYAN NEW CITY CONS 6.90 10/19/24 CNY 54.00
DUJIANGYAN NEW CITY CONS 6.90 10/19/24 CNY 62.53
DUJIANGYAN XINGYAN INVES 6.10 03/12/22 CNY 19.00
DUJIANGYAN XINGYAN INVES 6.10 03/12/22 CNY 19.98
DUNYUN STATE-OWNED ASSET 6.60 12/28/22 CNY 19.49
ENSHI URBAN CONSTRUCTION 3.84 11/01/23 CNY 39.75
ENSHI URBAN CONSTRUCTION 3.84 11/01/23 CNY 39.78
EVERGRANDE REAL ESTATE G 6.98 07/08/22 CNY 27.00
EVERGRANDE REAL ESTATE G 6.27 05/06/23 CNY 30.00
EVERGRANDE REAL ESTATE G 6.80 05/06/24 CNY 35.69
FANTASIA GROUP CHINA CO 7.50 12/17/21 CNY 74.00
FANTASIA GROUP CHINA CO 7.80 11/29/22 CNY 44.83
FEICHENG CITY ASSETS MAN 4.04 03/23/23 CNY 39.70
FEICHENG CITY ASSETS MAN 4.04 03/23/23 CNY 40.13
FEIXI COUNTY URBAN & RUR 4.45 06/03/23 CNY 40.53
FEIXI COUNTY URBAN & RUR 4.45 06/03/23 CNY 41.24
FENG COUNTY ECONOMIC DEV 5.18 06/21/23 CNY 38.96
FENG COUNTY ECONOMIC DEV 5.18 06/21/23 CNY 40.02
FENGCHENG CITY MODERN IN 5.76 12/17/22 CNY 19.52
FENGCHENG CITY MODERN IN 5.76 12/17/22 CNY 20.00
FENGDU COUNTY STATE-OWNE 6.38 09/05/24 CNY 60.00
FENGDU COUNTY STATE-OWNE 6.38 09/05/24 CNY 62.26
FENGHUANG MINGCHENG CONS 6.50 03/23/24 CNY 60.90
FENGTAI HUAXING CITY DEV 5.60 03/13/24 CNY 61.47
FENGTAI HUAXING CITY DEV 5.60 03/13/24 CNY 61.51
FENGXIAN URBAN INVESTMEN 6.48 03/20/22 CNY 20.00
FENGXIAN URBAN INVESTMEN 6.48 03/20/22 CNY 20.04
FENGYANG COUNTY ECONOMY 6.00 11/16/24 CNY 62.61
FENGYANG COUNTY ECONOMY 6.00 11/16/24 CNY 62.64
FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 39.71
FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 40.13
FUJIAN FUSHENG GROUP CO 7.90 11/19/21 CNY 60.00
FUJIAN JINJIANG URBAN CO 3.35 08/24/23 CNY 40.42
FUJIAN PROVINCE LIANJIAN 6.29 04/30/22 CNY 20.00
FUJIAN PROVINCE LIANJIAN 6.29 04/30/22 CNY 20.13
FUJIAN ZHANGLONG GROUP C 4.99 08/07/22 CNY 20.00
FUJIAN ZHANGLONG GROUP C 4.99 08/07/22 CNY 20.17
FUNING URBAN INVESTMENT 6.00 03/14/24 CNY 61.62
FUNING URBAN INVESTMENT 6.00 03/14/24 CNY 61.73
FUQING CITY STATE-OWNED 5.94 11/26/22 CNY 25.25
FUXIN INFRASTRUCTURE CON 6.18 03/18/22 CNY 19.96
FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 40.20
FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 40.37
FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 40.11
FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 40.11
FUZHOU DONGXIANG INVESTM 6.20 03/20/24 CNY 61.83
FUZHOU DONGXIANG INVESTM 6.20 03/20/24 CNY 61.84
FUZHOU INVESTMENT DEVELO 5.70 10/30/24 CNY 60.00
FUZHOU INVESTMENT DEVELO 5.70 10/30/24 CNY 60.69
FUZHOU LINCHUAN URBAN CO 5.68 07/05/23 CNY 38.89
FUZHOU LINCHUAN URBAN CO 5.68 07/05/23 CNY 40.12
FUZHOU LINCHUAN URBAN CO 6.50 12/25/24 CNY 56.60
FUZHOU URBAN AND RURAL C 4.89 07/08/22 CNY 20.10
FUZHOU URBAN AND RURAL C 4.89 07/08/22 CNY 20.55
GANSU PROVINCIAL HIGHWAY 6.58 09/24/22 CNY 40.80
GANSU PROVINCIAL HIGHWAY 6.20 03/28/23 CNY 71.32
GANZHOU CITY DEVELOPMENT 5.50 06/16/22 CNY 20.00
GANZHOU CITY DEVELOPMENT 5.50 06/16/22 CNY 20.15
GANZHOU DEVELOPMENT INVE 8.10 12/11/23 CNY 42.63
GAOMI CITY CONSTRUCTION 5.95 09/18/24 CNY 59.40
GAOMI CITY CONSTRUCTION 5.95 09/18/24 CNY 60.00
GAOMI STATE-OWNED ASSETS 4.69 01/26/23 CNY 19.55
GAOMI STATE-OWNED ASSETS 4.69 01/26/23 CNY 19.66
GAOQING LU QING ASSET MA 7.50 09/27/24 CNY 62.45
GAOQING LU QING ASSET MA 7.50 09/27/24 CNY 63.92
GAOYOU CITY CONSTRUCTION 5.48 09/15/22 CNY 20.00
GAOYOU CITY CONSTRUCTION 5.48 09/15/22 CNY 20.28
GAOYOU CITY ECONOMY DEVE 3.65 09/02/23 CNY 40.00
GAOYOU CITY ECONOMY DEVE 3.65 09/02/23 CNY 40.22
GAOYOU CITY ECONOMY DEVE 5.26 07/13/24 CNY 61.61
GAOYOU CITY ECONOMY DEVE 5.26 07/13/24 CNY 62.10
GONG'AN COUNTY CITY CONS 4.30 08/30/23 CNY 39.92
GONG'AN COUNTY CITY CONS 4.30 08/30/23 CNY 40.05
GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 40.17
GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 40.17
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 20.03
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 24.00
GUANGAN ECONOMIC & TECHN 5.16 04/14/23 CNY 39.98
GUANGAN ECONOMIC & TECHN 5.16 04/14/23 CNY 40.11
GUANGAN TRANSPORTATION I 5.39 12/01/23 CNY 34.35
GUANGAN XINHONG INVESTME 7.18 08/28/24 CNY 59.68
GUANGAN XINHONG INVESTME 7.18 08/28/24 CNY 60.00
GUANGDE CITY STATE-OWNED 5.37 07/18/24 CNY 60.98
GUANGDE CITY STATE-OWNED 5.37 07/18/24 CNY 61.90
GUANGDONG HUIZHOU COMMUN 4.16 05/17/23 CNY 40.37
GUANGDONG HUIZHOU COMMUN 4.16 05/17/23 CNY 40.38
GUANGDONG HUIZHOU COMMUN 4.95 12/27/23 CNY 40.58
GUANGDONG HUIZHOU COMMUN 4.95 12/27/23 CNY 41.00
GUANGRAO COUNTY ECONOMIC 3.61 09/08/23 CNY 40.27
GUANGSHUI CITY DEVELOPME 6.19 03/01/24 CNY 61.46
GUANGSHUI CITY DEVELOPME 6.19 03/01/24 CNY 61.52
GUANGXI LIUZHOU DONGCHEN 6.50 07/24/24 CNY 71.44
GUANGXI LIUZHOU INVESTME 4.28 03/08/23 CNY 37.94
GUANGYUAN YUANQU CONSTRU 4.48 03/10/23 CNY 40.03
GUANGYUAN YUANQU CONSTRU 4.48 03/10/23 CNY 40.04
GUANGZHOU HEJING HOLDING 6.15 12/17/22 CNY 73.05
GUANGZHOU HUANTOU NANSHA 6.38 11/18/24 CNY 45.67
GUANGZHOU HUANTOU NANSHA 6.38 11/18/24 CNY 45.99
GUANGZHOU METRO GROUP CO 6.45 04/02/24 CNY 45.00
GUANGZHOU METRO GROUP CO 6.45 04/02/24 CNY 46.76
GUANGZHOU METRO GROUP CO 6.05 06/03/24 CNY 46.80
GUANGZHOU PANYU INFORMAT 4.50 09/08/26 CNY 70.51
GUANGZHOU PANYU INFORMAT 4.50 09/08/26 CNY 71.45
GUANGZHOU R&F PROPERTIES 6.70 04/07/22 CNY 55.07
GUANGZHOU R&F PROPERTIES 6.80 05/16/22 CNY 49.00
GUANGZHOU TIMES HOLDING 5.00 02/24/25 CNY 59.20
GUANGZHOU TIMES HOLDING 5.10 03/30/25 CNY 56.01
GUANGZHOU TIMES HOLDING 5.94 07/17/25 CNY 51.02
GUCHENG CONSTRUCTION INV 7.88 04/27/25 CNY 71.76
GUILIN ECONOMIC CONSTRUC 5.60 04/22/22 CNY 20.00
GUILIN ECONOMIC CONSTRUC 5.60 04/22/22 CNY 20.09
GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50
GUIXI STATE OWNED HOLDIN 4.18 08/18/23 CNY 39.66
GUIXI STATE OWNED HOLDIN 4.18 08/18/23 CNY 39.74
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 19.79
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 20.00
GUIYANG BAIYUN URBAN CON 6.48 07/17/24 CNY 59.79
GUIYANG BAIYUN URBAN CON 6.48 07/17/24 CNY 60.00
GUIYANG BAIYUN URBAN CON 7.28 09/25/24 CNY 58.09
GUIYANG BAIYUN URBAN CON 7.28 09/25/24 CNY 60.00
GUIYANG BAIYUN URBAN CON 4.75 09/13/26 CNY 61.46
GUIYANG BAIYUN URBAN CON 4.75 09/13/26 CNY 65.71
GUIYANG CITY CONSTRUCTIO 4.37 03/25/26 CNY 67.26
GUIYANG CITY CONSTRUCTIO 4.37 03/25/26 CNY 67.44
GUIYANG CITY CONSTRUCTIO 4.00 11/14/26 CNY 65.73
GUIYANG CITY CONSTRUCTIO 4.00 11/14/26 CNY 65.85
GUIYANG ECONOMIC DEVELOP 6.35 09/21/24 CNY 58.79
GUIYANG GUANSHANHU DISTR 4.87 01/28/23 CNY 18.87
GUIYANG GUANSHANHU DISTR 4.87 01/28/23 CNY 19.98
GUIYANG GUANSHANHU DISTR 4.48 03/09/23 CNY 37.11
GUIYANG GUANSHANHU DISTR 4.48 03/09/23 CNY 39.19
GUIYANG GUANSHANHU DISTR 6.49 06/22/24 CNY 56.32
GUIYANG GUANSHANHU DISTR 6.49 06/22/24 CNY 56.48
GUIYANG GUANSHANHU INVES 7.50 12/25/22 CNY 40.84
GUIYANG INVESTMENT HOLDI 4.46 11/17/26 CNY 68.87
GUIYANG INVESTMENT HOLDI 4.46 11/17/26 CNY 68.99
GUIYANG URBAN CONSTRUCTI 5.23 12/02/22 CNY 19.88
GUIYANG URBAN CONSTRUCTI 5.23 12/02/22 CNY 20.06
GUIYANG URBAN CONSTRUCTI 5.98 07/21/24 CNY 60.00
GUIYANG URBAN CONSTRUCTI 5.98 07/21/24 CNY 61.23
GUIYANG YUNYAN GUIZHONG 6.80 11/17/24 CNY 60.00
GUIYANG YUNYAN GUIZHONG 6.80 11/17/24 CNY 60.82
GUIZHOU EAST LAKE CITY C 5.18 01/06/23 CNY 18.16
GUIZHOU GUIAN CONSTRUCTI 4.17 10/28/22 CNY 20.15
GUIZHOU GUIAN CONSTRUCTI 4.17 10/28/22 CNY 21.00
GUIZHOU GUILONG INDUSTRI 7.80 04/28/22 CNY 25.02
GUIZHOU GUILONG INDUSTRI 7.80 04/28/22 CNY 25.13
GUIZHOU HONGCAI INVESTME 6.00 06/07/23 CNY 28.44
GUIZHOU HONGCAI INVESTME 6.00 06/07/23 CNY 29.68
GUIZHOU HONGGUO ECONOMIC 7.80 11/24/24 CNY 50.00
GUIZHOU HONGGUO ECONOMIC 7.80 11/24/24 CNY 63.05
GUIZHOU HONGGUO ECONOMIC 7.80 02/08/25 CNY 48.00
GUIZHOU HONGGUO ECONOMIC 7.80 02/08/25 CNY 63.36
GUIZHOU KAILI KAIYUAN CI 7.30 05/26/24 CNY 59.87
GUIZHOU KAILI KAIYUAN CI 7.30 05/26/24 CNY 61.65
GUIZHOU KAILI KAIYUAN CI 7.28 08/29/24 CNY 60.00
GUIZHOU KAILI KAIYUAN CI 7.28 08/29/24 CNY 61.89
GUIZHOU LIUPANSHUI PANDE 7.30 07/24/24 CNY 51.88
GUIZHOU RAILWAY INVESTME 7.20 03/27/22 CNY 20.07
GUIZHOU RAILWAY INVESTME 7.20 03/27/22 CNY 20.22
GUIZHOU RAILWAY INVESTME 7.50 04/23/24 CNY 46.79
GUIZHOU SHUICHENG CITY I 4.98 11/22/23 CNY 35.12
GUIZHOU SHUICHENG CITY I 4.98 11/22/23 CNY 35.69
GUIZHOU SHUICHENG ECONOM 7.50 10/26/25 CNY 39.50
GUIZHOU SHUICHENG WATER 8.00 11/27/25 CNY 59.00
GUIZHOU SHUICHENG WATER 8.00 11/27/25 CNY 73.92
GUIZHOU XINDONGGUAN CIVI 7.70 09/05/24 CNY 55.78
GUIZHOU ZHONGSHAN DEVELO 6.46 11/22/27 CNY 74.74
GULIN STATE-OWNED ASSETS 4.18 08/04/23 CNY 39.57
GULIN STATE-OWNED ASSETS 4.18 08/04/23 CNY 39.60
GULIN STATE-OWNED ASSETS 5.96 07/24/24 CNY 60.87
GULIN STATE-OWNED ASSETS 5.96 07/24/24 CNY 64.51
HAIAN DEVELOPMENT ZONE C 4.47 11/16/23 CNY 39.66
HAIAN DEVELOPMENT ZONE C 4.47 11/16/23 CNY 39.73
HAIAN ECONOMIC TECHNOLOG 5.45 04/13/23 CNY 40.20
HAIAN ECONOMIC TECHNOLOG 5.45 04/13/23 CNY 40.32
HAIAN URBAN DEMOLITION & 5.08 11/27/22 CNY 20.24
HAIAN URBAN DEMOLITION & 5.08 11/27/22 CNY 20.58
HAICHENG URBAN JINCAI LA 5.37 08/10/23 CNY 40.23
HAIFENG MARINE INFRASTRU 6.84 04/29/22 CNY 20.07
HAIKOU MEILAN INTERNATIO 5.25 09/06/19 USD 15.84
HAINAN AIRLINES HOLDING 6.20 05/24/21 CNY 51.00
HAINING ASSET MANAGEMENT 3.40 08/16/23 CNY 69.60
HAIYAN COUNTY STATE-OWNE 5.80 06/12/24 CNY 62.10
HAMI JIANHUI STATE-OWNED 3.90 09/21/23 CNY 39.95
HANCHENG CITY INVESTMENT 4.69 12/05/23 CNY 37.48
HANCHENG CITY INVESTMENT 4.69 12/05/23 CNY 38.81
HANCHUAN CITY HANRONG IN 4.25 07/18/23 CNY 39.93
HANCHUAN CITY HANRONG IN 4.25 07/18/23 CNY 40.01
HANDAN CONSTRUCTION & IN 5.48 05/27/22 CNY 20.14
HANDAN CONSTRUCTION & IN 5.48 05/27/22 CNY 27.20
HANGZHOU CANAL COMPREHEN 3.40 10/17/23 CNY 40.13
HANGZHOU CANAL COMPREHEN 3.40 10/17/23 CNY 40.13
HANGZHOU FUYANG DEVELOPM 4.76 01/27/23 CNY 20.19
HANGZHOU FUYANG DEVELOPM 4.76 01/27/23 CNY 20.32
HANGZHOU GONGSHU DISTRIC 3.80 03/14/23 CNY 40.00
HANGZHOU GONGSHU DISTRIC 3.80 03/14/23 CNY 40.14
HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 47.10
HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 47.12
HANGZHOU WEST LAKE INVES 4.30 04/25/23 CNY 40.07
HANGZHOU WEST LAKE INVES 4.30 04/25/23 CNY 40.36
HANGZHOU XIAOSHAN QIANJI 4.00 03/22/23 CNY 39.99
HANGZHOU XIAOSHAN QIANJI 4.00 03/22/23 CNY 40.25
HANJIANG STATE-OWNED-ASS 5.40 04/21/24 CNY 61.63
HANJIANG STATE-OWNED-ASS 5.40 04/21/24 CNY 61.90
HANSHAN CITY CONSTRUCTIO 6.20 08/30/24 CNY 60.00
HANSHAN CITY CONSTRUCTIO 6.20 08/30/24 CNY 62.10
HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 19.29
HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 19.91
HECHI STATE-OWNED CAPITA 4.37 11/04/23 CNY 38.88
HECHI STATE-OWNED CAPITA 4.37 11/04/23 CNY 39.47
HEFEI CONSTRUCTION INVES 7.20 04/29/24 CNY 47.28
HEFEI CONSTRUCTION INVES 7.20 04/29/24 CNY 47.45
HEFEI XINCHENG STATE-OWN 4.13 07/15/23 CNY 40.00
HEFEI XINCHENG STATE-OWN 4.13 07/15/23 CNY 40.39
HEGANG URBAN CONSTRUCTIO 6.90 12/18/24 CNY 62.87
HEGANG URBAN CONSTRUCTIO 6.90 12/18/24 CNY 62.88
HEILONGJIANG HECHENG CON 7.05 06/21/22 CNY 15.10
HEISHAN TONGHE ASSET MAN 6.79 09/18/22 CNY 19.28
HEISHAN TONGHE ASSET MAN 6.79 09/18/22 CNY 19.72
HENGDONG URBAN & RURAL C 6.60 12/27/23 CNY 40.79
HENGDONG URBAN & RURAL C 6.60 12/27/23 CNY 40.79
HENGYANG BINJIANG NEW DI 5.47 07/27/24 CNY 61.83
HENGYANG CITY AND URBAN 7.50 09/22/24 CNY 60.58
HENGYANG CITY AND URBAN 7.50 09/22/24 CNY 62.97
HENGYANG CITY AND URBAN 7.80 12/14/24 CNY 63.67
HENGYANG CITY AND URBAN 7.80 12/14/24 CNY 63.67
HENGYANG COMMUNICATION C 4.28 01/21/23 CNY 20.00
HENGYANG COMMUNICATION C 4.28 01/21/23 CNY 20.19
HESHAN PUBLIC ASSET MANA 4.08 09/28/23 CNY 39.93
HESHAN PUBLIC ASSET MANA 4.08 09/28/23 CNY 40.17
HESHAN PUBLIC ASSET MANA 5.08 12/07/23 CNY 40.84
HESHAN PUBLIC ASSET MANA 5.08 12/07/23 CNY 41.03
HETIAN YUXIN STATE-OWNED 4.65 03/28/23 CNY 39.70
HETIAN YUXIN STATE-OWNED 4.65 03/28/23 CNY 39.73
HNA GROUP CO LTD 7.10 04/15/20 CNY 70.00
HNA GROUP CO LTD 5.99 11/27/22 CNY 29.10
HONGAN URBAN DEVELOPMENT 7.50 12/04/24 CNY 60.00
HONGAN URBAN DEVELOPMENT 7.50 12/04/24 CNY 61.57
HONGHEZHOU DEVELOPMENT I 5.90 07/12/24 CNY 62.13
HONGHU CITY HONGRUI INVE 6.30 10/13/24 CNY 62.06
HONGHU CITY HONGRUI INVE 6.30 10/13/24 CNY 62.78
HUACHEN ENERGY CO LTD 6.63 05/18/20 USD 52.06
HUAIAN CITY HUAIAN DISTR 4.63 05/03/23 CNY 40.12
HUAIAN CITY HUAIAN DISTR 4.63 05/03/23 CNY 40.21
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 20.09
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 20.13
HUAIAN CITY XUYI URBAN A 5.10 04/15/23 CNY 38.79
HUAIAN CITY XUYI URBAN A 5.10 04/15/23 CNY 38.80
HUAIAN HONGRI TRANSPORTA 5.09 04/20/23 CNY 39.87
HUAIAN HONGRI TRANSPORTA 5.09 04/20/23 CNY 39.87
HUAIAN HONGZE DISTRICT U 4.37 07/18/23 CNY 39.92
HUAIAN HONGZE DISTRICT U 4.37 07/18/23 CNY 40.05
HUAI'AN INVESTMENT HOLDI 5.28 08/11/24 CNY 60.00
HUAI'AN INVESTMENT HOLDI 5.28 08/11/24 CNY 61.74
HUAI'AN NEW CITY INVESTM 5.22 09/20/24 CNY 61.89
HUAIAN QINGPU CITY CONST 6.75 09/29/24 CNY 58.42
HUAIAN QINGPU CITY CONST 6.75 09/29/24 CNY 58.44
HUAIHUA CITY CONSTRUCTIO 4.18 08/31/23 CNY 38.55
HUAIHUA CITY CONSTRUCTIO 4.18 08/31/23 CNY 38.75
HUAIHUA ECONOMIC DEVELOP 6.80 03/26/22 CNY 19.97
HUAIHUA ECONOMIC DEVELOP 6.80 03/26/22 CNY 20.00
HUAIHUA ECONOMIC DEVELOP 5.77 08/07/24 CNY 59.00
HUAIHUA ECONOMIC DEVELOP 5.77 08/07/24 CNY 60.31
HUAIHUA TRANSPORTATION C 4.96 04/12/23 CNY 39.41
HUAIHUA TRANSPORTATION C 4.96 04/12/23 CNY 39.42
HUAINAN INDUSTRY DEVELOP 5.69 10/25/24 CNY 61.03
HUAINAN INDUSTRY DEVELOP 5.69 10/25/24 CNY 61.78
HUAINAN SHAN NAN DEVELOP 6.53 08/24/24 CNY 60.67
HUAINAN SHAN NAN DEVELOP 6.53 08/24/24 CNY 61.31
HUAINAN URBAN CONSTRUCTI 5.74 09/04/24 CNY 60.92
HUAINAN URBAN CONSTRUCTI 5.74 09/04/24 CNY 62.12
HUANGGANG CITY CONSTRUCT 4.08 01/18/23 CNY 20.25
HUANGMEI COUNTY URBAN DE 6.80 10/09/24 CNY 60.00
HUANGMEI COUNTY URBAN DE 6.80 10/09/24 CNY 62.40
HUANGMEI COUNTY URBAN DE 6.68 10/18/24 CNY 60.00
HUANGMEI COUNTY URBAN DE 6.68 10/18/24 CNY 62.24
HUANGSHAN CHENGTOU GROUP 5.95 05/06/22 CNY 20.14
HUANGSHAN CHENGTOU GROUP 5.95 05/06/22 CNY 20.65
HUANGSHI CIHU HIGH-TECH 4.97 06/08/23 CNY 39.99
HUANGSHI CIHU HIGH-TECH 4.97 06/08/23 CNY 40.10
HUANGSHI CIHU HIGH-TECH 4.50 06/08/23 CNY 40.37
HUANGSHI CIHU HIGH-TECH 4.50 06/08/23 CNY 43.00
HUANGSHI URBAN CONSTRUCT 5.99 04/29/22 CNY 20.12
HUANGSHI ZHONGBANG CITY 5.95 06/02/24 CNY 61.77
HUANGSHI ZHONGBANG CITY 5.95 06/02/24 CNY 61.97
HUBEI PROVINCE CHANGJIAN 6.15 04/03/22 CNY 20.09
HUBEI PROVINCE CHANGJIAN 6.15 04/03/22 CNY 22.40
HUBEI SONGZI JINSONG INV 6.60 06/21/24 CNY 61.17
HUBEI SONGZI JINSONG INV 6.60 06/21/24 CNY 61.17
HUBEI SONGZI JINSONG INV 4.07 05/07/27 CNY 73.66
HUBEI SUPPLY AND MARKETI 6.70 08/23/24 CNY 59.33
HUBEI SUPPLY AND MARKETI 6.70 08/23/24 CNY 61.47
HUBEI YILING ECONOMIC DE 6.45 09/05/24 CNY 60.00
HUBEI YILING ECONOMIC DE 6.45 09/05/24 CNY 60.94
HULUDAO INVESTMENT GROUP 7.50 10/18/23 CNY 30.66
HULUNBEIER INVESTMENT CO 6.31 04/30/22 CNY 19.80
HULUNBEIER INVESTMENT CO 6.31 04/30/22 CNY 20.12
HUNAN CHUZHISHENG HOLDIN 5.60 12/18/22 CNY 20.03
HUNAN CHUZHISHENG HOLDIN 5.60 12/18/22 CNY 20.40
HUNAN DESHAN CONSTRUCTIO 6.46 09/14/24 CNY 59.35
HUNAN DESHAN CONSTRUCTIO 6.46 09/14/24 CNY 61.32
HUNAN JINYANG INVESTMENT 4.37 01/19/23 CNY 20.09
HUNAN JINYANG INVESTMENT 4.37 01/19/23 CNY 20.10
HUNAN JINYANG INVESTMENT 4.39 04/06/23 CNY 39.89
HUNAN JINYANG INVESTMENT 4.39 04/06/23 CNY 40.17
HUNAN JINYANG NEW CITY C 4.43 10/23/22 CNY 20.11
HUNAN JINYANG NEW CITY C 4.43 10/23/22 CNY 20.18
HUNAN LINGANG DEVELOPMEN 4.24 07/21/23 CNY 39.02
HUNAN LINGANG DEVELOPMEN 4.24 07/21/23 CNY 39.03
HUNAN LINGANG DEVELOPMEN 3.94 10/26/23 CNY 38.54
HUNAN LINGANG DEVELOPMEN 3.94 10/26/23 CNY 38.55
HUNAN LOUDI ECONOMIC & T 6.36 03/13/22 CNY 19.80
HUNAN LOUDI ECONOMIC & T 6.36 03/13/22 CNY 19.95
HUNAN LOUDI ECONOMIC & T 4.89 03/30/23 CNY 38.33
HUNAN LOUDI ECONOMIC & T 4.89 03/30/23 CNY 39.69
HUNAN PROVINCIAL RAILWAY 6.09 04/30/25 CNY 60.00
HUNAN PROVINCIAL RAILWAY 6.09 04/30/25 CNY 62.83
HUNAN SENTE INDUSTRIAL I 6.90 11/28/24 CNY 30.00
HUNAN SENTE INDUSTRIAL I 6.90 11/28/24 CNY 62.65
HUNAN SHAODONG ECO-INDUS 6.58 12/13/23 CNY 40.86
HUNAN SHAODONG ECO-INDUS 6.58 12/13/23 CNY 41.22
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 38.55
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 38.76
HUNAN YOUZHOU INVESTMENT 4.80 07/07/23 CNY 40.21
HUNAN YOUZHOU INVESTMENT 4.80 07/07/23 CNY 40.22
HUNAN ZHIGU INVESTMENT D 5.80 07/28/24 CNY 60.00
HUNAN ZHIGU INVESTMENT D 5.80 07/28/24 CNY 61.58
HUZHOU NEW CITY INVESTME 7.50 11/23/24 CNY 61.55
HUZHOU NEW CITY INVESTME 7.50 11/23/24 CNY 62.00
INNER MONGOLIA JINLONG I 7.30 11/19/22 CNY 18.28
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 20.00
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 20.01
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 20.04
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 20.05
JIAHE ZHUDU DEVELOPMENT 6.50 05/25/24 CNY 61.68
JIAHE ZHUDU DEVELOPMENT 6.50 05/25/24 CNY 61.69
JIAN CITY JINGANGSHAN DE 4.87 01/27/23 CNY 19.97
JIAN CITY JINGANGSHAN DE 4.87 01/27/23 CNY 19.97
JIANAN INVESTMENT HOLDIN 4.30 03/08/23 CNY 40.28
JIANAN INVESTMENT HOLDIN 4.30 03/08/23 CNY 40.32
JIANAN INVESTMENT HOLDIN 3.50 09/05/23 CNY 40.00
JIANAN INVESTMENT HOLDIN 3.85 09/05/23 CNY 40.33
JIANAN INVESTMENT HOLDIN 3.50 09/05/23 CNY 40.43
JIANAN INVESTMENT HOLDIN 3.85 09/05/23 CNY 40.56
JIANDE STATE-OWNED ASSET 6.69 11/20/24 CNY 63.00
JIANGMEN NEW HI-TECH IND 6.03 04/22/22 CNY 20.11
JIANGMEN NEW HI-TECH IND 6.03 04/22/22 CNY 20.35
JIANGSU BEIGU INDUSTRIAL 5.80 06/20/23 CNY 40.22
JIANGSU BEIGU INDUSTRIAL 5.80 06/20/23 CNY 40.48
JIANGSU DAHANG LINGANG I 5.18 09/22/23 CNY 39.49
JIANGSU DAHANG LINGANG I 5.18 09/22/23 CNY 39.54
JIANGSU GAOCHUN ECONOMIC 3.67 09/23/23 CNY 39.97
JIANGSU GAOCHUN ECONOMIC 3.67 09/23/23 CNY 40.12
JIANGSU GAOCHUN ECONOMIC 3.92 11/23/23 CNY 40.07
JIANGSU GAOCHUN ECONOMIC 3.92 11/23/23 CNY 40.45
JIANGSU GAOCHUN ECONOMIC 5.66 06/26/24 CNY 61.49
JIANGSU GAOCHUN ECONOMIC 5.66 06/26/24 CNY 61.50
JIANGSU GAOCHUN ECONOMIC 6.08 08/14/24 CNY 59.57
JIANGSU GAOCHUN ECONOMIC 6.08 08/14/24 CNY 62.04
JIANGSU HAIRUN CITY DEVE 6.22 04/03/22 CNY 19.10
JIANGSU HAIRUN CITY DEVE 6.22 04/03/22 CNY 20.06
JIANGSU HAIZHOU DEVELOPM 4.67 06/06/23 CNY 39.82
JIANGSU HAIZHOU DEVELOPM 4.67 06/06/23 CNY 40.45
JIANGSU HAIZHOUWAN DEVEL 5.38 03/29/23 CNY 29.50
JIANGSU HANRUI INVESTMEN 4.63 04/15/23 CNY 39.50
JIANGSU HANRUI INVESTMEN 4.63 04/15/23 CNY 40.34
JIANGSU HANRUI INVESTMEN 5.00 08/31/23 CNY 39.53
JIANGSU HANRUI INVESTMEN 5.00 08/31/23 CNY 39.83
JIANGSU HONGTU HIGH TECH 5.00 07/22/19 CNY 19.80
JIANGSU HONGZE LAKE SHEN 6.50 08/01/24 CNY 60.21
JIANGSU JINHUI GROUP CO 5.16 07/14/24 CNY 61.53
JIANGSU JINHUI GROUP CO 5.16 07/14/24 CNY 61.75
JIANGSU JINTAN GUOFA INT 4.60 08/22/23 CNY 39.91
JIANGSU JINTAN GUOFA INT 4.60 08/22/23 CNY 39.92
JIANGSU KAIYUAN INVESTME 7.08 08/03/24 CNY 58.35
JIANGSU KAIYUAN INVESTME 7.08 08/03/24 CNY 60.00
JIANGSU QISHENG GROUP CO 4.00 03/18/23 CNY 40.07
JIANGSU QISHENG GROUP CO 4.00 03/18/23 CNY 40.18
JIANGSU RUNCHENG ASSET O 5.65 04/19/24 CNY 61.75
JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 20.12
JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 20.50
JIANGSU YANGKOU PORT CON 6.23 04/10/22 CNY 20.07
JIANGSU YANGKOU PORT CON 6.23 04/10/22 CNY 27.50
JIANGSU YINGZHOU DEVELOP 4.33 09/21/23 CNY 38.98
JIANGSU YINGZHOU DEVELOP 4.33 09/21/23 CNY 39.21
JIANGSU YIXING ENVIRONME 4.08 09/14/23 CNY 40.28
JIANGSU YIXING ENVIRONME 4.08 09/14/23 CNY 40.29
JIANGSU ZHONGAN CONSTRUC 5.65 03/24/24 CNY 60.95
JIANGSU ZHONGAN CONSTRUC 5.65 03/24/24 CNY 61.70
JIANGSU ZHONGGUANCUN SCI 5.70 08/30/24 CNY 61.60
JIANGSU ZHONGGUANCUN SCI 5.70 08/30/24 CNY 61.94
JIANGSU ZHUFU INDUSTRIAL 4.47 07/20/23 CNY 38.41
JIANGSU ZHUFU INDUSTRIAL 4.47 07/20/23 CNY 39.50
JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 19.79
JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 20.00
JIANGXI HUKOU SHIZHONG D 6.80 12/01/24 CNY 60.00
JIANGXI HUKOU SHIZHONG D 6.80 12/01/24 CNY 62.71
JIANGXI JIHU DEVELOPMENT 6.80 02/07/25 CNY 60.00
JIANGXI JIHU DEVELOPMENT 6.80 02/07/25 CNY 62.80
JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 40.05
JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 40.05
JIANGXI PINGXIANG CHANGS 6.00 08/11/24 CNY 60.00
JIANGXI PINGXIANG CHANGS 6.00 08/11/24 CNY 60.07
JIANGXI XIUSHUI CITY INV 7.40 12/08/24 CNY 61.97
JIANGYOU HONGFEI INVESTM 6.55 09/02/22 CNY 20.10
JIANGYOU HONGFEI INVESTM 6.55 09/02/22 CNY 20.31
JIANHU URBAN CONSTRUCTIO 6.30 06/01/22 CNY 20.00
JIANHU URBAN CONSTRUCTIO 6.30 06/01/22 CNY 22.86
JIANLI FENGYUAN CITY INV 6.78 04/28/24 CNY 61.18
JIANLI FENGYUAN CITY INV 6.78 04/28/24 CNY 61.19
JIANYANG DEVELOPMENT HOL 3.93 11/10/23 CNY 38.91
JIANYANG DEVELOPMENT HOL 3.93 11/10/23 CNY 38.94
JIANYANG MODERN INDUSTRY 6.00 04/24/24 CNY 60.36
JIANYANG MODERN INDUSTRY 6.00 04/24/24 CNY 61.22
JIAXING JIAXIU DEVELOPME 5.60 09/25/24 CNY 61.80
JIAXING JIAXIU DEVELOPME 5.60 09/25/24 CNY 62.14
JIAXING XIANGJIADANG DEV 4.13 07/20/23 CNY 39.67
JIAXING XIANGJIADANG DEV 4.13 07/20/23 CNY 40.30
JIAXING XIANGJIADANG DEV 3.87 09/21/23 CNY 39.48
JIAXING XIANGJIADANG DEV 3.87 09/21/23 CNY 40.34
JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 20.09
JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 20.28
JIAYU COUNTY URBAN TOWN 6.50 01/19/24 CNY 41.14
JIAYU COUNTY URBAN TOWN 6.50 01/19/24 CNY 41.23
JIAYU COUNTY URBAN TOWN 5.70 03/23/24 CNY 60.93
JIAYU COUNTY URBAN TOWN 5.70 03/23/24 CNY 60.93
JILIN CITY CONSTRUCTION 3.80 01/27/23 CNY 19.94
JILIN ECONOMIC AND TECHN 6.20 04/29/23 CNY 40.28
JILIN ECONOMIC AND TECHN 6.20 04/29/23 CNY 40.39
JIN HUA RONG SHENG INVES 6.85 12/27/24 CNY 60.00
JIN HUA RONG SHENG INVES 6.85 12/27/24 CNY 63.46
JINAN CITY LICHENG DISTR 5.00 06/23/22 CNY 19.99
JINAN CITY LICHENG DISTR 5.00 06/23/22 CNY 20.09
JINGDEZHEN CERAMIC CULTU 5.38 11/27/22 CNY 20.00
JINGDEZHEN CERAMIC CULTU 5.38 11/27/22 CNY 20.13
JINGJIANG BINJIANG XINCH 5.37 07/25/24 CNY 61.29
JINGJIANG CITY INVESTMEN 4.55 03/30/23 CNY 39.85
JINGJIANG CITY INVESTMEN 4.55 03/30/23 CNY 39.92
JINGMEN CITY CONSTRUCTIO 6.85 07/09/22 CNY 15.00
JINGMEN CITY CONSTRUCTIO 6.85 07/09/22 CNY 15.14
JINGMEN HIGH-TECH DEVELO 5.48 08/11/22 CNY 20.18
JINGMEN HIGH-TECH DEVELO 5.48 08/11/22 CNY 20.18
JINGMEN HIGH-TECH DEVELO 4.15 07/28/23 CNY 39.67
JINGMEN HIGH-TECH DEVELO 4.15 07/28/23 CNY 39.98
JINGSHAN JINGCHENG INVES 4.38 08/29/23 CNY 39.87
JINGSHAN JINGCHENG INVES 4.38 08/29/23 CNY 40.44
JINGSHAN JINGCHENG INVES 7.00 02/07/25 CNY 60.00
JINGSHAN JINGCHENG INVES 7.00 02/07/25 CNY 64.17
JINGXIAN STATED-OWNED AS 6.80 02/09/25 CNY 60.00
JINGXIAN STATED-OWNED AS 6.80 02/09/25 CNY 63.27
JINGZHOU DEVELOPMENT ZON 4.87 09/23/26 CNY 66.02
JINGZHOU DEVELOPMENT ZON 4.87 09/23/26 CNY 66.60
JINGZHOU URBAN CONSTRUCT 3.97 03/10/23 CNY 40.21
JINGZHOU URBAN CONSTRUCT 3.97 03/10/23 CNY 40.22
JINGZHOU URBAN CONSTRUCT 5.68 07/20/24 CNY 61.70
JINGZHOU URBAN CONSTRUCT 5.68 07/20/24 CNY 61.97
JINHU COUNTY STATE-OWNED 4.00 07/26/22 CNY 25.00
JINHU COUNTY STATE-OWNED 4.00 07/26/22 CNY 25.04
JINING CITY SHIZHONG DIS 3.52 09/14/23 CNY 38.80
JINING CITY SHIZHONG DIS 3.52 09/14/23 CNY 39.42
JINING HIGH TECH URBAN C 6.09 04/30/22 CNY 20.09
JINING HIGH TECH URBAN C 6.09 04/30/22 CNY 21.50
JINING HIGH TECH URBAN C 5.88 04/25/23 CNY 71.02
JINING MINING GROUP LOGI 7.00 11/27/24 CNY 62.35
JINKE PROPERTIES GROUP C 6.85 05/28/24 USD 57.76
JINKE PROPERTIES GROUP C 6.30 03/04/25 CNY 71.01
JINSHA COUNTY CONSTRUCTI 6.01 09/05/23 CNY 38.86
JINSHA COUNTY CONSTRUCTI 6.01 09/05/23 CNY 39.41
JINTANG MODERN AGRICULTU 5.49 07/14/23 CNY 39.81
JINTANG MODERN AGRICULTU 5.49 07/14/23 CNY 40.47
JINXIAN COUNTY CITY CONS 6.20 07/24/24 CNY 62.38
JINZHAI URBAN DEVELOPMEN 5.90 04/25/23 CNY 40.72
JINZHAI URBAN DEVELOPMEN 5.90 04/25/23 CNY 40.73
JISHOU HUATAI STATE OWNE 6.50 06/21/24 CNY 61.12
JISHOU HUATAI STATE OWNE 6.50 06/21/24 CNY 62.50
JISHOU HUATAI STATE OWNE 6.45 09/11/24 CNY 60.00
JISHOU HUATAI STATE OWNE 6.45 09/11/24 CNY 61.87
JIUJIANG CITY CONSTRUCTI 5.50 05/22/22 CNY 19.55
JIUJIANG CITY CONSTRUCTI 5.50 05/22/22 CNY 20.12
JIUJIANG LAND INVESTMENT 6.20 03/23/22 CNY 19.98
JIUJIANG LAND INVESTMENT 6.20 03/23/22 CNY 20.07
JIUJIANG LIANXI DISTRICT 4.58 03/30/23 CNY 40.09
JIUJIANG LIANXI DISTRICT 4.58 03/30/23 CNY 40.14
JUNAN COUNTY URBAN CONST 7.50 09/26/24 CNY 59.81
JUNAN COUNTY URBAN CONST 7.50 09/26/24 CNY 62.29
JURONG URBAN CONSTRUCTIO 6.89 09/18/24 CNY 60.00
JURONG URBAN CONSTRUCTIO 6.89 09/18/24 CNY 62.50
JURONG URBAN CONSTRUCTIO 6.80 11/06/24 CNY 60.00
JURONG URBAN CONSTRUCTIO 6.80 11/06/24 CNY 61.75
KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 20.05
KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 20.05
KAIFU CITY DEVELOPMENT C 4.20 01/21/23 CNY 19.85
KAIFU CITY DEVELOPMENT C 4.20 01/21/23 CNY 20.19
KAIFU CITY DEVELOPMENT C 3.73 08/22/23 CNY 40.05
KAIFU CITY DEVELOPMENT C 3.73 08/22/23 CNY 40.30
KAILI GUIZHOU TOWN CONST 5.29 12/17/22 CNY 19.15
KAILI GUIZHOU TOWN CONST 5.29 12/17/22 CNY 20.00
KAILI GUIZHOU TOWN CONST 4.20 10/13/23 CNY 37.32
KAILI GUIZHOU TOWN CONST 4.20 10/13/23 CNY 37.65
KANGMEI PHARMACEUTICAL C 6.28 03/20/21 CNY 20.50
KANGMEI PHARMACEUTICAL C 6.10 03/28/21 CNY 20.50
KANGMEI PHARMACEUTICAL C 5.50 04/20/21 CNY 20.50
KANGMEI PHARMACEUTICAL C 7.00 06/21/21 CNY 20.50
KANGMEI PHARMACEUTICAL C 6.80 06/28/21 CNY 20.50
KANGMEI PHARMACEUTICAL C 6.33 01/27/22 CNY 36.69
KANGMEI PHARMACEUTICAL C 5.20 07/17/22 CNY 20.50
KANGMEI PHARMACEUTICAL C 5.29 08/16/22 CNY 20.50
KANGMEI PHARMACEUTICAL C 5.47 09/15/22 CNY 20.50
KASHI URBAN CONSTRUCTION 5.80 07/20/22 CNY 20.07
KASHI URBAN CONSTRUCTION 5.80 07/20/22 CNY 20.10
KUNMING DIANCHI INVESTME 5.75 07/24/24 CNY 58.63
KUNMING DIANCHI INVESTME 5.75 07/24/24 CNY 58.65
KUNSHAN YINQIAO HOLDING 5.50 10/18/24 CNY 61.82
KUNSHAN YINQIAO HOLDING 5.50 10/18/24 CNY 64.10
LAOHEKOU CITY CONSTRUCTI 6.75 08/12/22 CNY 20.02
LAOHEKOU CITY CONSTRUCTI 6.49 08/16/24 CNY 60.00
LAOHEKOU CITY CONSTRUCTI 6.49 08/16/24 CNY 60.41
LEGEND HOLDINGS CORP 4.60 07/06/26 CNY 75.52
LEIYANG CITY AND RURAL C 7.80 04/10/22 CNY 20.13
LEIYANG CITY AND RURAL C 7.80 04/10/22 CNY 20.13
LEPING STATE-OWNED ASSET 3.70 10/20/23 CNY 39.79
LEPING STATE-OWNED ASSET 3.70 10/20/23 CNY 39.99
LEQING CITY STATE OWNED 6.79 12/14/24 CNY 60.00
LEQING CITY STATE OWNED 6.79 12/14/24 CNY 63.94
LIANYUNGANG HENGCHI INDU 7.45 09/22/24 CNY 58.76
LIANYUNGANG HENGCHI INDU 7.45 09/22/24 CNY 60.00
LIANYUNGANG HENGCHI INDU 7.40 10/27/24 CNY 60.00
LIANYUNGANG HENGCHI INDU 7.40 10/27/24 CNY 62.16
LIAOCHENG ANTAI URBAN RU 5.16 04/11/23 CNY 39.66
LIAOCHENG ANTAI URBAN RU 4.58 04/11/23 CNY 39.79
LIAOCHENG ANTAI URBAN RU 4.58 04/11/23 CNY 39.91
LIAOCHENG ANTAI URBAN RU 5.16 04/11/23 CNY 39.98
LIAOCHENG XINGYE HOLDING 5.20 04/13/23 CNY 39.60
LIAOCHENG XINGYE HOLDING 5.20 04/13/23 CNY 39.61
LIAONING GUANLONG CONSTR 4.70 11/10/23 CNY 39.50
LIAONING GUANLONG CONSTR 4.70 11/10/23 CNY 39.82
LIAONING YAODU DEVELOPME 6.50 04/29/23 CNY 40.45
LILING HIGH-TECH INDUSTR 4.93 01/19/23 CNY 20.03
LINFEN YAODU DISTRICT IN 7.19 03/13/22 CNY 20.03
LINQU YISHAN INDUSTRIAL 7.20 11/23/24 CNY 52.89
LINQU YISHAN INDUSTRIAL 7.20 11/23/24 CNY 60.76
LINWU SHUNFA URBAN CONST 7.00 08/23/24 CNY 60.00
LINWU SHUNFA URBAN CONST 7.00 08/23/24 CNY 61.97
LINYI CITY DEVELOPMENT G 3.85 11/22/23 CNY 39.84
LINYI CITY DEVELOPMENT G 3.85 11/22/23 CNY 40.19
LISHUI CITY CULTURAL TOU 5.67 08/13/22 CNY 20.25
LISHUI CITY CULTURAL TOU 5.67 08/13/22 CNY 20.35
LIUPANSHUI CITY TRAFFIC 5.98 05/02/24 CNY 57.85
LIUPANSHUI CITY TRAFFIC 5.98 05/02/24 CNY 61.67
LIUPANSHUI DEVELOPMENT I 3.74 01/20/23 CNY 19.80
LIUPANSHUI DEVELOPMENT I 3.74 01/20/23 CNY 20.11
LIUPANSHUI MINSHENG INVE 5.08 01/29/23 CNY 17.82
LIUYANG MODERN MANUFACTU 4.72 01/19/23 CNY 19.92
LIUYANG MODERN MANUFACTU 4.72 01/19/23 CNY 19.98
LIUYANG MODERN MANUFACTU 5.75 05/02/24 CNY 60.50
LIUYANG MODERN MANUFACTU 5.75 05/02/24 CNY 61.75
LIUYANG MODERN MANUFACTU 5.88 08/10/24 CNY 61.89
LIUYANG MODERN MANUFACTU 5.88 08/10/24 CNY 62.26
LIUYANG URBAN CONSTRUCTI 4.45 05/24/23 CNY 40.25
LIUYANG URBAN CONSTRUCTI 4.45 05/24/23 CNY 40.44
LIUZHI SPECIAL DISTRICT 7.00 11/16/24 CNY 60.00
LIUZHI SPECIAL DISTRICT 7.00 11/16/24 CNY 61.93
LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 14.28
LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 14.66
LIUZHOU DONGTONG INVESTM 4.45 07/22/23 CNY 38.40
LIUZHOU DONGTONG INVESTM 4.45 07/22/23 CNY 39.75
LIUZHOU LONGJIAN INVESTM 8.28 04/30/24 CNY 39.00
LIUZHOU LONGJIAN INVESTM 8.28 04/30/24 CNY 45.87
LONGCHANG DEVELOPMENT CO 7.09 10/31/24 CNY 60.00
LONGCHANG DEVELOPMENT CO 7.09 10/31/24 CNY 63.35
LONGYAN RAILWAY CONSTRUC 4.98 04/13/23 CNY 40.06
LONGYAN RAILWAY CONSTRUC 4.98 04/13/23 CNY 40.14
LOUDI TIDU INVESTMENT DE 4.83 01/20/23 CNY 19.98
LOUDI TIDU INVESTMENT DE 4.83 01/20/23 CNY 19.98
LOUDI WANBAO NEW DISTRIC 5.13 02/01/23 CNY 19.64
LOUDI WANBAO NEW DISTRIC 5.13 02/01/23 CNY 20.18
LOUDI WANBAO NEW DISTRIC 4.42 08/01/23 CNY 39.51
LOUDI WANBAO NEW DISTRIC 4.42 08/01/23 CNY 40.07
LU'AN JIN'AN DISTRICT UR 5.95 07/24/24 CNY 61.02
LUJIANG CITY CONSTRUCTIO 6.70 04/16/22 CNY 20.00
LUJIANG CITY CONSTRUCTIO 6.70 04/16/22 CNY 20.09
LUOYANG CITY COUNTRY CON 4.28 04/26/23 CNY 40.38
LUOYANG CITY DEVELOPMENT 4.47 12/02/22 CNY 20.00
LUOYANG CITY DEVELOPMENT 4.47 12/02/22 CNY 20.27
LUXI URBAN CONSTRUCTION 6.80 10/27/24 CNY 60.00
LUXI URBAN CONSTRUCTION 6.80 10/27/24 CNY 62.48
LUZHOU FUYANG INVESTMENT 5.00 08/11/23 CNY 36.90
LUZHOU FUYANG INVESTMENT 5.00 08/11/23 CNY 39.13
LUZHOU HUIXING INVESTMEN 6.28 10/19/24 CNY 61.04
LUZHOU HUIXING INVESTMEN 6.28 10/19/24 CNY 61.16
LUZHOU LIN GANG INVESTME 7.00 12/01/24 CNY 60.00
LUZHOU LIN GANG INVESTME 7.00 12/01/24 CNY 60.93
LUZHOU LIN GANG INVESTME 7.10 02/07/25 CNY 62.36
LUZHOU LIN GANG INVESTME 7.10 02/07/25 CNY 62.37
LUZHOU XINGLU INVESTMENT 6.41 04/23/25 CNY 60.00
LUZHOU XINGLU INVESTMENT 6.41 04/23/25 CNY 63.18
LUZHOU XINGYANG INVESTME 4.87 01/28/23 CNY 19.69
LUZHOU XINGYANG INVESTME 4.87 01/28/23 CNY 20.04
MA'ANSHAN CIHU HIGH TECH 3.90 11/28/23 CNY 39.87
MAANSHAN ECONOMIC TECHNO 6.49 03/06/22 CNY 20.03
MAANSHAN ECONOMIC TECHNO 6.49 03/06/22 CNY 24.99
MAANSHAN HUASHAN DISTRIC 6.07 04/20/22 CNY 20.11
MAANSHAN HUASHAN DISTRIC 6.07 04/20/22 CNY 20.16
MAANSHAN NINGBO INVESTME 7.50 04/18/26 CNY 40.00
MAANSHAN SOUTHERN INDUST 4.53 07/25/23 CNY 39.17
MAANSHAN SOUTHERN INDUST 4.53 07/25/23 CNY 40.07
MAANSHAN SOUTHERN INDUST 4.43 09/02/23 CNY 39.61
MAANSHAN SOUTHERN INDUST 4.43 09/02/23 CNY 39.85
MAANSHAN YUSHAN CITY DEV 5.62 07/31/24 CNY 60.51
MAANSHAN YUSHAN CITY DEV 5.62 07/31/24 CNY 60.52
MAANSHAN YUSHAN CITY DEV 5.85 09/22/24 CNY 60.78
MAANSHAN YUSHAN CITY DEV 5.85 09/22/24 CNY 60.79
MA'ANSHAN ZHENGPU HARBOR 6.00 10/13/24 CNY 62.17
MA'ANSHAN ZHENGPU HARBOR 6.00 10/13/24 CNY 64.26
MEISHAN CITY DONGPO DEVE 5.90 06/30/23 CNY 39.30
MEISHAN CITY DONGPO DEVE 5.90 06/30/23 CNY 40.04
MEISHAN HONGDA CONSTRUCT 4.18 03/28/23 CNY 39.60
MEISHAN HONGDA CONSTRUCT 4.18 03/28/23 CNY 39.76
MEISHAN MINDONG DEVELOPM 6.78 08/08/24 CNY 60.48
MEISHAN MINDONG DEVELOPM 6.78 08/08/24 CNY 61.49
MEIZHOU MEI COUNTY DISTR 5.00 12/30/22 CNY 20.22
MEIZHOU MEI COUNTY DISTR 5.00 12/30/22 CNY 20.29
MENGCHENG COUNTY URBAN D 5.60 09/21/24 CNY 61.75
MENGZI CITY DEVELOPMENT 7.65 09/25/24 CNY 62.26
MENGZI CITY DEVELOPMENT 7.65 09/25/24 CNY 62.29
MIANYANG HONGDA ASSET IN 7.20 09/29/24 CNY 60.00
MIANYANG HONGDA ASSET IN 7.20 09/29/24 CNY 62.79
MIANYANG HUIDONG INVESTM 8.10 02/10/25 CNY 63.90
MILE AGRICULTURAL INVEST 8.00 10/25/25 CNY 75.00
MUDANJIANG AREA URBAN DE 6.48 06/30/22 CNY 19.71
MUNICIPALITY OF SHENZHEN 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZHEN 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZHEN 3.15 01/14/25 CNY 62.50
MUNICIPALITY OF SHENZHEN 3.15 01/14/25 CNY 62.50
MUNICIPALITY OF SHENZHEN 3.15 01/14/25 CNY 63.06
MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 70.61
MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 75.00
MUNICIPALITY OF SHENZHEN 3.37 03/29/26 CNY 75.00
MUNICIPALITY OF SHENZHEN 3.31 01/14/27 CNY 75.00
MUNICIPALITY OF SHENZHEN 3.31 01/14/27 CNY 75.00
NANCHANG ECONOMY TECHNOL 3.83 09/22/23 CNY 40.18
NANCHANG ECONOMY TECHNOL 3.83 09/22/23 CNY 40.37
NANCHONG JIALING DEVELOP 7.80 12/12/24 CNY 60.00
NANCHONG JIALING DEVELOP 7.80 12/12/24 CNY 63.68
NANJING BAIXIA STATE-OWN 3.98 03/29/23 CNY 40.11
NANJING BAIXIA STATE-OWN 3.98 03/29/23 CNY 40.19
NANJING JIANGBEI NEW DIS 6.00 12/06/24 CNY 60.00
NANJING JIANGBEI NEW DIS 6.00 12/06/24 CNY 63.13
NANJING JIANGBEI NEW TOW 5.59 09/26/24 CNY 62.16
NANJING JIANGBEI NEW TOW 5.59 09/26/24 CNY 62.50
NANJING JIANGNING ECONOM 7.94 04/14/24 CNY 47.02
NANJING JIANGNING URBAN 3.48 11/11/23 CNY 39.75
NANJING JIANGNING URBAN 3.48 11/11/23 CNY 40.23
NANJING JIANYE SCIENCE & 4.37 06/24/23 CNY 40.27
NANJING JIANYE SCIENCE & 4.37 06/24/23 CNY 40.37
NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 40.00
NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 40.13
NANJING LISHUI URBAN CON 4.97 04/28/23 CNY 40.22
NANJING LISHUI URBAN CON 4.97 04/28/23 CNY 40.49
NANJING METRO GROUP CO L 3.29 08/29/23 CNY 40.28
NANJING METRO GROUP CO L 3.29 08/29/23 CNY 40.29
NANJING METRO GROUP CO L 4.22 11/28/23 CNY 71.29
NANJING PUKOU COMMUNICAT 5.46 07/19/24 CNY 61.79
NANJING QIXIA STATE-OWNE 4.10 06/24/23 CNY 40.26
NANJING QIXIA STATE-OWNE 4.10 06/24/23 CNY 40.33
NANJING STATE OWNED ASSE 5.60 03/06/23 CNY 30.40
NANLING COUNTY CONSTRUCT 6.20 09/06/24 CNY 60.00
NANLING COUNTY CONSTRUCT 6.20 09/06/24 CNY 62.32
NANNING HI-TECH INDUSTRI 4.28 03/25/23 CNY 35.20
NANNING HI-TECH INDUSTRI 4.28 03/25/23 CNY 39.91
NANNING HI-TECH INDUSTRI 3.82 10/20/23 CNY 39.50
NANNING HI-TECH INDUSTRI 3.82 10/20/23 CNY 39.76
NANPING CITY WUYI NEW DI 4.96 09/28/22 CNY 20.20
NANPING CITY WUYI NEW DI 4.96 09/28/22 CNY 20.21
NANTONG CHONGCHUAN URBAN 5.70 07/21/22 CNY 40.00
NANTONG CHONGCHUAN URBAN 5.70 07/21/22 CNY 40.47
NANTONG CITY TONGZHOU DI 3.75 07/07/23 CNY 40.21
NANTONG CITY TONGZHOU DI 4.88 04/10/24 CNY 61.09
NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 20.20
NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 20.26
NANTONG KAIYUAN INVESTME 7.25 11/29/24 CNY 62.21
NANTONG KAIYUAN INVESTME 7.25 11/29/24 CNY 62.26
NANTONG SHIBEI HI-TECH D 5.98 08/07/24 CNY 60.90
NANTONG SHIBEI HI-TECH D 5.98 08/07/24 CNY 61.49
NANTONG SUTONG HOLDING G 6.20 03/18/22 CNY 20.00
NANTONG SUTONG HOLDING G 6.20 03/18/22 CNY 20.04
NANTONG YUNTONG PORT DEV 6.13 08/10/24 CNY 55.01
NANTONG YUNTONG PORT DEV 6.13 08/10/24 CNY 60.47
NANYANG HIGH-TECH DISTRI 6.45 04/29/23 CNY 40.39
NANYANG HIGH-TECH DISTRI 6.45 04/29/23 CNY 40.64
NANZHANG COUNTY CONSTRUC 6.00 01/20/24 CNY 41.36
NANZHANG COUNTY CONSTRUC 6.00 01/20/24 CNY 41.36
NANZHANG COUNTY CONSTRUC 6.58 10/25/24 CNY 60.00
NANZHANG COUNTY CONSTRUC 6.58 10/25/24 CNY 62.96
NEIJIANG CITY XINGYUAN I 4.28 08/16/23 CNY 39.67
NEIJIANG CITY XINGYUAN I 4.28 08/16/23 CNY 39.69
NEIJIANG STATE-OWNED ASS 6.20 04/12/23 CNY 39.91
NEIJIANG STATE-OWNED ASS 6.20 04/12/23 CNY 39.94
NEIJINAG CONSTRUCTION EN 5.03 12/25/22 CNY 16.36
NEIJINAG CONSTRUCTION EN 5.03 12/25/22 CNY 19.64
NEOGLORY HOLDING GROUP C 8.10 11/23/18 CNY 72.00
NEOGLORY HOLDING GROUP C 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROUP C 8.00 10/22/20 CNY 56.00
NINGBO FENGHUA INVESTMEN 4.58 03/28/22 CNY 50.07
NINGBO FENGHUA INVESTMEN 4.58 03/28/22 CNY 50.10
NINGBO MEISHAN ISLAND DE 6.27 03/23/22 CNY 20.06
NINGBO MEISHAN ISLAND DE 6.27 03/23/22 CNY 28.29
NINGGUO CITY STATE OWNED 7.14 08/07/24 CNY 60.80
NINGGUO CITY STATE OWNED 7.14 08/07/24 CNY 61.50
NINGGUO CITY STATE OWNED 4.89 10/15/27 CNY 73.06
NINGXIA SHENG YAN INDUST 7.50 09/27/23 CNY 42.45
NINGXIANG CITY CONSTRUCT 6.00 06/02/26 CNY 73.69
NINGXIANG ECONOMIC TECHN 3.87 01/27/23 CNY 20.00
NINGXIANG ECONOMIC TECHN 3.87 01/27/23 CNY 20.13
NINGXIANG STATE-OWNED AS 4.89 06/03/23 CNY 39.92
NINGXIANG STATE-OWNED AS 4.89 06/03/23 CNY 40.11
NINGXIANG STATE-OWNED AS 3.88 11/02/23 CNY 39.48
NINGXIANG STATE-OWNED AS 3.88 11/02/23 CNY 40.08
ONE BELT ONE ROAD JIANGS 4.70 07/15/23 CNY 40.45
ONE BELT ONE ROAD JIANGS 4.70 07/15/23 CNY 40.71
PANJIN WATER GROUP CO LT 5.18 10/28/23 CNY 39.37
PANZHIHUA STATE OWNED AS 8.18 03/13/22 CNY 20.04
PANZHIHUA STATE OWNED AS 8.18 03/13/22 CNY 20.19
PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 20.00
PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 20.10
PEIXIAN STATE-OWNED ASSE 5.98 07/19/24 CNY 60.00
PEIXIAN STATE-OWNED ASSE 5.98 07/19/24 CNY 61.17
PEKING UNIVERSITY FOUNDE 6.20 05/31/20 CNY 11.00
PEKING UNIVERSITY FOUNDE 6.15 07/23/20 CNY 11.00
PEKING UNIVERSITY FOUNDE 6.30 09/12/20 CNY 11.00
PEKING UNIVERSITY FOUNDE 4.80 07/26/21 CNY 11.00
PEKING UNIVERSITY FOUNDE 6.10 08/22/21 CNY 11.00
PEKING UNIVERSITY FOUNDE 5.99 11/02/21 CNY 11.00
PEKING UNIVERSITY FOUNDE 5.80 01/28/22 CNY 11.00
PEKING UNIVERSITY FOUNDE 6.68 08/09/23 CNY 11.00
PEKING UNIVERSITY FOUNDE 6.50 11/16/23 CNY 11.00
PEKING UNIVERSITY FOUNDE 6.30 03/04/24 CNY 11.00
PENGSHAN DEVELOPMENT HOL 7.00 09/05/24 CNY 60.00
PENGSHAN DEVELOPMENT HOL 7.00 09/05/24 CNY 63.16
PENGSHAN DEVELOPMENT HOL 7.98 05/03/25 CNY 71.81
PENGZHOU STATE-PENGZHOU 3.95 10/20/23 CNY 37.83
PINGHU CITY INVESTMENT D 5.13 04/29/23 CNY 40.57
PINGHU CITY INVESTMENT D 5.13 04/29/23 CNY 40.58
PINGJIANG COUNTY WATER S 6.64 06/27/26 CNY 73.05
PINGLIANG CULTURAL & TOU 6.85 11/30/22 CNY 19.19
PINGLIANG CULTURAL & TOU 6.85 11/30/22 CNY 20.08
PINGTAN COMPREHENSIVE PI 3.92 01/29/23 CNY 20.10
PINGXIANG CHANGXING INVE 5.26 04/11/23 CNY 39.78
PINGXIANG CHANGXING INVE 5.26 04/11/23 CNY 40.04
PINGXIANG HUIFENG INVEST 5.79 09/21/24 CNY 61.40
PINGXIANG HUIFENG INVEST 5.79 09/21/24 CNY 61.40
PINGYANG STATE-OWNED ASS 4.97 01/08/23 CNY 20.00
PINGYANG STATE-OWNED ASS 4.97 01/08/23 CNY 20.26
PIZHOU ECONOMIC DEVELOPM 5.00 10/29/22 CNY 20.00
PIZHOU ECONOMIC DEVELOPM 5.00 10/29/22 CNY 20.03
PIZHOU ECONOMIC DEVELOPM 6.66 09/19/24 CNY 60.29
PIZHOU ECONOMIC DEVELOPM 6.66 09/19/24 CNY 61.00
POYANG INVESTMENT & DEVE 6.53 08/08/24 CNY 60.00
POYANG INVESTMENT & DEVE 6.53 08/08/24 CNY 61.60
PUCHENG INVESTMENT DEVEL 6.57 08/10/24 CNY 60.00
PUCHENG INVESTMENT DEVEL 6.57 08/10/24 CNY 61.32
PUDING YELANG STATE-OWNE 7.79 11/13/24 CNY 59.35
PUDING YELANG STATE-OWNE 8.00 03/13/25 CNY 74.25
PUTIAN HIGH TECHNOLOGY I 5.90 05/03/22 CNY 25.12
PUTIAN HIGH TECHNOLOGY I 5.90 05/03/22 CNY 25.15
PUYANG INVESTMENT GROUP 5.18 08/17/24 CNY 61.60
PUYANG INVESTMENT GROUP 5.18 08/17/24 CNY 61.67
QIANAN XINGYUAN WATER IN 6.25 04/22/22 CNY 20.06
QIANAN XINGYUAN WATER IN 6.25 04/22/22 CNY 20.10
QIANDONGNAN TRANSPORTATI 5.79 12/21/22 CNY 18.57
QIANDONGNAN TRANSPORTATI 5.79 12/21/22 CNY 19.10
QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 51.71
QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 55.52
QIANJIANG URBAN CONSTRUC 5.19 12/21/22 CNY 19.93
QIANJIANG URBAN CONSTRUC 5.19 12/21/22 CNY 20.00
QIANNAN AUTONOMOUS PREFE 6.99 04/19/24 CNY 55.14
QIANNAN AUTONOMOUS PREFE 6.99 04/19/24 CNY 57.95
QIANNAN AUTONOMOUS PREFE 6.98 07/06/24 CNY 55.29
QIANNAN AUTONOMOUS PREFE 6.98 07/06/24 CNY 57.58
QIANNANZHOU INVESTMENT C 6.43 03/09/22 CNY 19.89
QIANNANZHOU INVESTMENT C 6.43 03/09/22 CNY 19.97
QIANNANZHOU INVESTMENT C 6.77 07/28/24 CNY 52.07
QIANSHAN CITY QIANRUN IN 6.98 01/19/25 CNY 60.00
QIANSHAN CITY QIANRUN IN 6.98 01/19/25 CNY 64.05
QIANXINAN AUTONOMOUS REG 5.90 06/22/23 CNY 37.41
QIANXINAN AUTONOMOUS REG 5.90 06/22/23 CNY 40.24
QICHUN COUNTY CONSTRUCTI 4.96 10/18/23 CNY 39.67
QICHUN COUNTY CONSTRUCTI 4.96 10/18/23 CNY 40.06
QIDONG STATE-OWNED ASSET 7.30 11/20/22 CNY 15.01
QIDONG STATE-OWNED ASSET 7.30 11/20/22 CNY 15.46
QIDONG STATE-OWNED ASSET 4.00 03/09/23 CNY 40.22
QIDONG STATE-OWNED ASSET 4.00 03/09/23 CNY 40.30
QIDONG URBAN CONSTRUCTIO 5.25 08/16/24 CNY 61.70
QIHE CITY OPERATION CONS 5.10 03/07/23 CNY 39.72
QIHE CITY OPERATION CONS 5.10 03/07/23 CNY 39.98
QINGDAO CHANGYANG INVEST 3.73 09/12/23 CNY 39.74
QINGDAO CHANGYANG INVEST 3.73 09/12/23 CNY 39.83
QINGDAO CONSON DEVELOPME 6.40 12/12/22 CNY 15.42
QINGDAO CONSON DEVELOPME 6.40 12/12/22 CNY 15.63
QINGDAO HAIFA STATE-OWNE 4.26 06/06/23 CNY 40.09
QINGDAO HAIFA STATE-OWNE 4.26 06/06/23 CNY 40.29
QINGDAO JIMO DISTRICT UR 5.35 07/10/24 CNY 61.00
QINGDAO JIMO DISTRICT UR 5.35 07/10/24 CNY 61.67
QINGDAO OCEAN INVESTMENT 4.36 05/12/23 CNY 40.24
QINGDAO OCEAN INVESTMENT 4.36 05/12/23 CNY 40.28
QINGDAO SHAOHAI INVESTME 6.47 10/31/24 CNY 60.62
QINGDAO SHAOHAI INVESTME 6.47 10/31/24 CNY 61.45
QINGHAI PROVINCIAL INVES 7.25 02/22/20 USD 34.74
QINGHAI PROVINCIAL INVES 7.88 03/22/21 USD 35.28
QINGHAI PROVINCIAL INVES 6.40 07/10/21 USD 35.88
QINGHAI STATE-OWNED ASSE 5.90 12/17/22 CNY 83.30
QINGZHOU CITY CONSTRUCTI 6.40 07/10/24 CNY 58.22
QINGZHOU CITY CONSTRUCTI 6.40 07/10/24 CNY 60.00
QINGZHOU CITY CONSTRUCTI 6.80 08/25/24 CNY 58.89
QINHUANGDAO CITY DEVELOP 4.69 04/14/23 CNY 39.97
QINHUANGDAO CITY DEVELOP 4.69 04/14/23 CNY 40.42
QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 39.34
QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 39.60
QIONGLAI CITY CONSTRUCTI 6.98 03/25/22 CNY 20.07
QIONGLAI CITY CONSTRUCTI 6.98 03/25/22 CNY 20.80
QUANJIAO URBAN INFRASTRU 5.10 05/18/23 CNY 40.26
QUANJIAO URBAN INFRASTRU 5.10 05/18/23 CNY 40.26
QUJING CITY QILIN DISTRI 5.37 11/26/22 CNY 19.79
QUJING CITY QILIN DISTRI 5.37 11/26/22 CNY 21.95
QUJING ECO TECH DEVELOPM 5.75 06/01/23 CNY 39.54
QUJING ECO TECH DEVELOPM 5.75 06/01/23 CNY 40.18
RENHUAI CITY DEVELOPMENT 5.12 04/14/23 CNY 39.04
RENHUAI CITY DEVELOPMENT 5.12 04/14/23 CNY 39.05
RENQIU CONSTRUCTION INVE 5.68 11/18/22 CNY 20.14
RENQIU CONSTRUCTION INVE 5.68 11/18/22 CNY 20.43
RENSHOU DEVELOPMENT OF I 6.42 12/22/22 CNY 20.00
RENSHOU DEVELOPMENT OF I 6.42 12/22/22 CNY 20.10
REWARD SCIENCE AND TECHN 5.53 07/05/21 CNY 29.10
REWARD SCIENCE AND TECHN 6.40 03/03/22 CNY 70.00
RIZHAO CITY CONSTRUCTION 3.98 12/07/22 CNY 20.08
RIZHAO CITY CONSTRUCTION 3.98 12/07/22 CNY 20.10
RONGXIN FUJIAN INVESTMEN 6.45 07/03/23 CNY 46.52
RONGXIN FUJIAN INVESTMEN 5.60 07/27/24 CNY 43.00
RONGXIN FUJIAN INVESTMEN 5.42 08/19/24 CNY 43.00
RUCHENG COUNTY URBAN CON 5.69 02/23/24 CNY 71.81
RUCHENG COUNTY URBAN CON 5.69 02/23/24 CNY 71.81
RUDONG COUNTY JINXIN TRA 4.57 07/26/23 CNY 40.16
RUDONG COUNTY JINXIN TRA 3.80 07/26/23 CNY 40.20
RUDONG COUNTY JINXIN TRA 3.80 07/26/23 CNY 40.32
RUDONG COUNTY JINXIN TRA 4.57 07/26/23 CNY 40.43
RUDONG COUNTY KAITAI CIT 4.57 01/08/23 CNY 20.28
RUDONG NEW WORLD INVESTM 4.37 07/18/23 CNY 39.81
RUDONG NEW WORLD INVESTM 4.37 07/18/23 CNY 39.88
RUGAO ECONOMIC & TRADE D 3.95 03/24/23 CNY 40.18
RUGAO ECONOMIC & TRADE D 3.95 03/24/23 CNY 40.23
RUGAO TRAFFIC INDUSTRY G 3.74 03/23/23 CNY 40.13
RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 20.17
RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 20.25
RUICHANG CITY INVESTMENT 5.68 03/25/23 CNY 39.92
RUICHANG CITY INVESTMENT 5.50 06/17/23 CNY 39.36
RUIJIN URBAN DEVELOPMENT 4.13 09/06/23 CNY 39.92
RUIJIN URBAN DEVELOPMENT 4.13 09/06/23 CNY 39.98
RUZHOU CITY XINYUAN INVE 4.43 09/26/23 CNY 38.03
RUZHOU CITY XINYUAN INVE 4.43 09/26/23 CNY 38.69
SANMEN COUNTY STATE-OWNE 6.80 03/18/22 CNY 20.06
SANMEN COUNTY STATE-OWNE 6.80 03/18/22 CNY 20.20
SANMING STATE-OWNED ASSE 5.10 04/17/24 CNY 61.35
SANMING TRANSPORTATION C 3.68 03/29/23 CNY 40.12
SHAANXI XIXIAN NEW AREA 5.10 06/06/23 CNY 39.94
SHAANXI XIXIAN NEW AREA 5.10 06/06/23 CNY 40.01
SHAANXI XIXIAN NEW AREA 7.10 08/23/24 CNY 61.28
SHAANXI XIXIAN NEW AREA 7.10 08/23/24 CNY 61.75
SHAANXI XIXIAN NEW AREA 6.67 08/23/24 CNY 59.40
SHAANXI XIXIAN NEW AREA 6.67 08/23/24 CNY 59.46
SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 19.94
SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 21.01
SHANDONG GAOCHUANG CONST 6.05 06/18/22 CNY 20.12
SHANDONG GAOCHUANG CONST 6.05 06/18/22 CNY 22.45
SHANDONG RUYI TECHNOLOGY 7.90 09/18/23 CNY 52.10
SHANDONG TENGJIAN INVEST 6.00 06/08/22 CNY 20.00
SHANDONG TENGJIAN INVEST 6.00 06/08/22 CNY 20.10
SHANGHAI MINHANG URBAN C 5.63 04/20/22 CNY 20.12
SHANGHAI MINHANG URBAN C 5.63 04/20/22 CNY 20.48
SHANGHAI MUNICIPAL INVES 4.80 11/05/24 CNY 46.04
SHANGHAI MUNICIPAL INVES 4.80 11/05/24 CNY 46.11
SHANGHAI SHIMAO CO LTD 3.76 07/07/22 CNY 72.00
SHANGHAI SHIMAO CO LTD 3.94 09/24/22 CNY 61.00
SHANGHAI SHIMAO CO LTD 4.24 10/21/22 CNY 57.94
SHANGHAI SHIMAO CO LTD 4.12 01/09/23 CNY 46.80
SHANGHAI SHIMAO CO LTD 3.60 03/05/23 CNY 58.02
SHANGHAI SHIMAO CO LTD 5.15 03/16/23 CNY 55.97
SHANGHAI SHIMAO CO LTD 5.50 05/06/23 CNY 52.50
SHANGHAI SHIMAO JIANSHE 4.15 10/16/22 CNY 49.00
SHANGHAI SHIMAO JIANSHE 4.30 09/19/24 CNY 50.00
SHANGHAI SHIMAO JIANSHE 4.30 11/11/24 CNY 47.01
SHANGHAI SHIMAO JIANSHE 3.23 03/25/25 CNY 45.00
SHANGHAI SHIMAO JIANSHE 3.90 08/27/25 CNY 42.10
SHANGHAI URBAN CONSTRUCT 3.50 01/06/23 CNY 20.08
SHANGHAI URBAN CONSTRUCT 3.50 01/06/23 CNY 20.09
SHANGRAO CITY STATE-OWNE 4.65 01/29/23 CNY 20.12
SHANGRAO CITY STATE-OWNE 4.65 01/29/23 CNY 20.25
SHANTOU CITY CONSTRUCTIO 8.57 03/23/22 CNY 15.09
SHANTOU INVESTMENT HOLDI 7.99 03/04/24 CNY 47.27
SHANTOU INVESTMENT HOLDI 7.99 03/04/24 CNY 47.32
SHANWEI INVESTMENT HOLDI 5.68 11/09/24 CNY 62.37
SHANXI INTERNATIONAL ELE 5.88 05/24/22 CNY 29.40
SHAODONG NEW AREA DEVELO 7.10 04/19/24 CNY 61.97
SHAODONG NEW AREA DEVELO 7.10 04/19/24 CNY 61.98
SHAOGUAN URBAN INVESTMEN 3.67 10/25/24 CNY 55.57
SHAOGUAN URBAN INVESTMEN 3.67 10/25/24 CNY 55.59
SHAOWU URBAN CONSTRUCTIO 5.88 09/11/22 CNY 20.09
SHAOWU URBAN CONSTRUCTIO 5.88 09/11/22 CNY 23.39
SHAOXING CHENGZHONGCUN R 6.09 04/27/22 CNY 20.10
SHAOXING CITY INVESTMENT 5.75 04/17/22 CNY 20.10
SHAOXING CITY INVESTMENT 5.75 04/17/22 CNY 28.00
SHAOXING JINGHU DEVELOPM 6.13 04/30/22 CNY 19.13
SHAOXING JINGHU DEVELOPM 6.13 04/30/22 CNY 20.10
SHAOXING KEQIAO CITY CON 3.64 09/19/23 CNY 40.19
SHAOXING KEQIAO CITY CON 3.64 09/19/23 CNY 40.20
SHAOXING KEQIAO CITY CON 5.74 08/03/24 CNY 60.00
SHAOXING KEQIAO CITY CON 5.74 08/03/24 CNY 62.00
SHAOXING KEYAN CONSTRUCT 6.28 03/24/22 CNY 20.00
SHAOXING KEYAN CONSTRUCT 6.28 03/24/22 CNY 20.03
SHAOXING SHANGYU ECONOMI 4.76 04/11/23 CNY 40.28
SHAOXING SHANGYU ECONOMI 4.76 04/11/23 CNY 40.36
SHAOYANG BAOQING INDUSTR 5.78 07/04/26 CNY 69.13
SHAOYANG CITY CONSTRUCTI 5.98 09/01/24 CNY 60.00
SHAOYANG CITY CONSTRUCTI 5.98 09/01/24 CNY 60.46
SHAOYANG DULIANG INVESTM 5.50 04/13/23 CNY 39.35
SHAOYANG DULIANG INVESTM 5.50 04/13/23 CNY 40.09
SHEHONG STATE OWNED ASSE 7.30 12/14/24 CNY 60.00
SHEHONG STATE OWNED ASSE 7.30 12/14/24 CNY 62.70
SHEHONG STATE OWNED ASSE 7.50 08/22/25 CNY 66.01
SHEHONG STATE OWNED ASSE 7.60 10/22/25 CNY 66.53
SHENGZHOU INVESTMENT HOL 5.35 07/20/24 CNY 61.70
SHENGZHOU INVESTMENT HOL 5.35 07/20/24 CNY 61.83
SHENYANG DADONG STATE-OW 6.05 03/20/22 CNY 20.00
SHENYANG DADONG STATE-OW 6.05 03/20/22 CNY 20.04
SHENYANG ECONOMIC AFFORD 7.17 04/29/22 CNY 20.15
SHENYANG ECONOMIC AFFORD 7.17 04/29/22 CNY 20.15
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 30.50
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 30.50
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 31.68
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 31.79
SHEYANG URBAN CONSTRUCTI 7.80 11/27/24 CNY 61.01
SHEYANG URBAN CONSTRUCTI 7.80 11/27/24 CNY 61.12
SHIFANG CITY NATIONAL OW 8.00 12/05/25 CNY 69.57
SHIJIAZHUANG HUTUO NEW D 5.28 12/24/25 CNY 45.00
SHIJIAZHUANG HUTUO NEW D 5.28 12/24/25 CNY 46.81
SHIJIAZHUANG STATE-OWNED 5.75 04/09/22 CNY 20.06
SHIJIAZHUANG STATE-OWNED 5.75 04/09/22 CNY 27.20
SHISHI CITY CONSTRUCTION 6.10 05/04/22 CNY 20.14
SHISHOU BOYA CITY CONSTR 6.98 06/15/24 CNY 62.08
SHIYAN ECO DEVELOPMENT Z 3.98 08/05/23 CNY 39.58
SHIYAN ECO DEVELOPMENT Z 3.98 08/05/23 CNY 39.70
SHIYAN HANJIANG STAR CON 6.40 07/10/24 CNY 61.39
SHIYAN STATE-OWNED CAPIT 4.88 01/11/26 CNY 60.36
SHIYAN STATE-OWNED CAPIT 4.88 01/11/26 CNY 62.11
SHIZHU TUJIA HONGSHENG E 7.00 11/13/24 CNY 48.00
SHIZHU TUJIA HONGSHENG E 7.00 11/13/24 CNY 62.75
SHOU COUNTY STATE-OWNED 6.20 10/13/24 CNY 60.00
SHOU COUNTY STATE-OWNED 6.20 10/13/24 CNY 60.98
SHUCHENG COUNTY URBAN CO 5.50 04/29/23 CNY 40.08
SHUCHENG COUNTY URBAN CO 5.50 04/29/23 CNY 40.62
SHUYANG JINGYUAN ASSET O 5.49 09/11/22 CNY 20.19
SHUYANG JINGYUAN ASSET O 5.49 09/11/22 CNY 20.20
SICHUAN CHENG'A DEVELOPM 7.25 01/28/24 CNY 73.09
SICHUAN CHENG'A DEVELOPM 7.50 11/06/24 CNY 60.00
SICHUAN CHENG'A DEVELOPM 7.50 11/06/24 CNY 62.87
SICHUAN CHENG'A DEVELOPM 7.50 11/29/24 CNY 60.00
SICHUAN CHENG'A DEVELOPM 7.50 11/29/24 CNY 63.76
SICHUAN COAL GASIFICATIO 7.00 04/18/23 CNY 40.47
SICHUAN COAL INDUSTRY GR 7.70 01/09/18 CNY 45.00
SICHUAN JINCAI JINXIN IN 7.08 07/31/24 CNY 60.77
SICHUAN JINCAI JINXIN IN 7.08 07/31/24 CNY 61.70
SICHUAN LANGUANG DEVELOP 7.50 07/11/21 CNY 12.63
SICHUAN LANGUANG DEVELOP 6.50 07/29/21 CNY 12.63
SICHUAN LANGUANG DEVELOP 7.50 08/12/21 CNY 12.63
SICHUAN LANGUANG DEVELOP 7.40 09/14/21 CNY 30.45
SICHUAN LANGUANG DEVELOP 7.50 07/23/22 CNY 42.00
SICHUAN LANGUANG DEVELOP 7.00 09/29/22 CNY 12.63
SICHUAN LANGUANG DEVELOP 7.00 10/26/22 CNY 12.63
SICHUAN LANGUANG DEVELOP 7.50 11/22/22 CNY 12.63
SICHUAN LANGUANG DEVELOP 7.20 03/11/23 CNY 12.63
SICHUAN LANGUANG DEVELOP 7.15 03/16/23 CNY 24.00
SICHUAN LANGUANG DEVELOP 7.20 05/11/23 CNY 12.63
SICHUAN LANGZHONG FAMOUS 5.60 04/19/23 CNY 40.02
SICHUAN LANGZHONG FAMOUS 5.60 04/19/23 CNY 40.12
SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 40.03
SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 40.04
SICHUAN NAXING INDUSTRIA 6.80 08/18/22 CNY 25.34
SICHUAN NAXING INDUSTRIA 4.68 03/31/23 CNY 39.54
SICHUAN NAXING INDUSTRIA 4.68 03/31/23 CNY 39.69
SICHUAN QINBA NEWCITY IN 6.68 07/07/24 CNY 59.51
SICHUAN QINBA NEWCITY IN 6.68 07/07/24 CNY 60.00
SICHUAN QINBA NEWCITY IN 6.91 07/25/24 CNY 53.50
SICHUAN QINBA NEWCITY IN 6.91 07/25/24 CNY 59.62
SICHUAN RENSHOU XINLONG 7.00 06/27/24 CNY 62.18
SICHUAN TIANYIN INDUSTRI 6.79 03/25/22 CNY 20.06
SICHUAN TIANYIN INDUSTRI 6.79 03/25/22 CNY 28.00
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 20.05
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 20.35
SIHUI STATE OWNED ASSETS 4.59 01/14/23 CNY 20.14
SIHUI STATE OWNED ASSETS 4.59 01/14/23 CNY 20.15
SIYANG COUNTY MINKANG RU 4.94 01/21/23 CNY 20.33
SIYANG COUNTY MINKANG RU 4.94 01/21/23 CNY 20.56
SIYANG COUNTY MINKANG RU 7.40 07/31/24 CNY 62.62
SIYANG COUNTY MINKANG RU 7.40 07/31/24 CNY 62.63
SUINING COUNTY RUNQI INV 5.42 11/20/22 CNY 20.00
SUINING COUNTY RUNQI INV 5.42 11/20/22 CNY 20.18
SUINING COUNTY RUNQI INV 6.78 11/02/24 CNY 59.70
SUINING COUNTY RUNQI INV 6.78 11/02/24 CNY 61.79
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 19.95
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 24.18
SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 39.74
SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 40.15
SUINING KAIDA INVESTMENT 4.89 04/08/23 CNY 38.95
SUINING KAIDA INVESTMENT 4.89 04/08/23 CNY 39.13
SUINING ROUGANG INVESTME 5.65 01/24/24 CNY 40.30
SUINING ROUGANG INVESTME 6.80 08/02/24 CNY 61.47
SUINING ROUGANG INVESTME 6.80 08/02/24 CNY 61.48
SUINING TIANTAI INDUSTRI 5.98 03/28/24 CNY 60.77
SUINING TIANTAI INDUSTRI 5.98 03/28/24 CNY 61.16
SUINING TIANTAI INDUSTRI 6.80 11/01/24 CNY 75.00
SUIZHOU DEVELOPMENT INVE 5.70 04/07/24 CNY 60.42
SUIZHOU DEVELOPMENT INVE 5.70 04/07/24 CNY 60.77
SUIZHOU DEVELOPMENT INVE 5.97 09/15/24 CNY 60.00
SUIZHOU DEVELOPMENT INVE 5.97 09/15/24 CNY 61.06
SUIZHOU HIGH-TECH INDUST 4.47 03/25/23 CNY 40.07
SUIZHOU HIGH-TECH INDUST 4.47 03/25/23 CNY 40.07
SUIZHOU YULONG WATER SUP 6.10 03/28/23 CNY 42.95
SUNAC REAL ESTATE GROUP 6.80 01/19/25 CNY 69.52
SUNAC REAL ESTATE GROUP 7.00 04/02/25 CNY 64.71
SUNAC REAL ESTATE GROUP 5.60 05/27/25 CNY 64.50
SUQIAN CITY CONSTRUCTION 5.30 07/11/24 CNY 61.73
SUQIAN CITY CONSTRUCTION 5.30 07/11/24 CNY 61.80
SUQIAN CITY CONSTRUCTION 6.44 12/26/24 CNY 60.00
SUQIAN CITY CONSTRUCTION 6.44 12/26/24 CNY 63.47
SUQIAN ECONOMIC DEVELOPM 5.40 04/20/24 CNY 61.61
SUQIAN ECONOMIC DEVELOPM 5.40 04/20/24 CNY 61.88
SUQIAN HUBIN XINCHENG IN 6.85 08/02/24 CNY 56.00
SUQIAN HUBIN XINCHENG IN 6.85 08/02/24 CNY 56.33
SUQIAN HUBIN XINCHENG IN 6.93 08/25/24 CNY 55.80
SUQIAN HUBIN XINCHENG IN 6.93 08/25/24 CNY 57.01
SUQIAN YUFENG ASSET MANA 5.50 04/21/24 CNY 60.86
SUQIAN YUFENG ASSET MANA 5.50 04/21/24 CNY 64.26
SUZHOU CITY CONSTRUCTION 3.89 03/24/23 CNY 40.14
SUZHOU CITY CONSTRUCTION 3.89 03/24/23 CNY 40.24
SUZHOU CITY HENGCHENG CO 4.40 03/01/23 CNY 40.19
SUZHOU CITY HENGCHENG CO 4.40 03/01/23 CNY 40.31
SUZHOU MAANSHAN INVESTME 6.10 08/03/24 CNY 61.74
SUZHOU MAANSHAN INVESTME 6.10 08/03/24 CNY 62.38
SUZHOU NEW & HIGH-TECH I 4.18 03/23/23 CNY 39.86
SUZHOU NEW & HIGH-TECH I 4.18 03/23/23 CNY 40.12
SUZHOU NEW AREA CONSTRUC 5.98 08/04/24 CNY 60.00
SUZHOU NEW AREA CONSTRUC 5.98 08/04/24 CNY 60.88
SUZHOU WUJIANG COMMUNICA 3.75 05/26/23 CNY 52.74
SUZHOU WUJIANG DISTRICT 5.25 07/08/22 CNY 20.20
SUZHOU WUZHONG CITY CONS 5.90 11/06/24 CNY 60.00
SUZHOU WUZHONG CITY CONS 5.90 11/06/24 CNY 60.93
SUZHOU WUZHONG CITY CONS 6.50 02/01/25 CNY 60.00
SUZHOU WUZHONG CITY CONS 6.50 02/01/25 CNY 63.53
TAHOE GROUP CO LTD 7.50 07/05/20 CNY 20.50
TAHOE GROUP CO LTD 7.50 09/08/20 CNY 20.70
TAIAN TAISHAN HOLDINGS C 5.50 04/26/23 CNY 40.04
TAIAN TAISHAN HOLDINGS C 5.50 04/26/23 CNY 40.10
TAICANG SCIENCE EDUCATIO 5.54 08/28/22 CNY 20.29
TAICANG SCIENCE EDUCATIO 5.54 08/28/22 CNY 24.60
TAIHE STATE OWN ASSET IN 5.87 08/07/24 CNY 60.71
TAIHE STATE OWN ASSET IN 5.87 08/07/24 CNY 63.35
TAIXING HONGQIAO PARK IN 5.03 10/29/22 CNY 19.60
TAIXING HONGQIAO PARK IN 5.03 10/29/22 CNY 19.83
TAIZHOU CITY CONSTRUCTIO 6.92 10/16/23 CNY 31.35
TAIZHOU CITY HUANGYAN DI 6.10 08/01/24 CNY 62.31
TAIZHOU CITY HUANGYAN DI 6.10 08/01/24 CNY 63.60
TAIZHOU CITY HUANGYAN DI 6.22 09/14/24 CNY 62.65
TAIZHOU FENGCHENGHE CONS 7.90 12/29/24 CNY 60.00
TAIZHOU FENGCHENGHE CONS 7.90 12/29/24 CNY 64.77
TAIZHOU GAOGANG HI-TECH 5.54 06/22/24 CNY 61.78
TAIZHOU GAOGANG HI-TECH 5.54 06/22/24 CNY 63.70
TAIZHOU HAILING CITY DEV 4.60 12/14/22 CNY 20.23
TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 20.22
TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 24.00
TAIZHOU JINDONG URBAN CO 5.10 06/02/23 CNY 40.23
TAIZHOU JINDONG URBAN CO 5.10 06/02/23 CNY 40.31
TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 40.14
TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 40.29
TANGSHAN FINANCIAL HOLDI 7.60 05/16/25 CNY 72.01
TAOYUAN COUNTY ECONOMIC 7.00 12/08/24 CNY 60.00
TAOYUAN COUNTY ECONOMIC 7.00 12/08/24 CNY 63.83
TIANCHANG CITY CONSTRUCT 4.99 12/05/23 CNY 40.11
TIANJIN BOHAI STATE-OWNE 3.82 04/18/23 CNY 38.72
TIANJIN BOHAI STATE-OWNE 3.82 04/18/23 CNY 38.97
TIANJIN BOHAI STATE-OWNE 4.10 04/18/26 CNY 70.00
TIANJIN BOHAI STATE-OWNE 4.10 04/18/26 CNY 70.51
TIANJIN DONGLI CITY INFR 4.28 12/02/22 CNY 20.21
TIANJIN ECONOMIC TECHNOL 6.50 12/03/22 CNY 14.63
TIANJIN ECONOMIC TECHNOL 6.50 12/03/22 CNY 14.93
TIANJIN GUANGCHENG INVES 6.97 02/22/23 CNY 30.32
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 20.05
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 20.50
TIANJIN INFRASTRUCTURE C 5.70 02/26/23 CNY 29.90
TIANJIN INFRASTRUCTURE C 5.70 02/26/23 CNY 30.38
TIANJIN METRO GROUP CO L 4.27 10/16/25 CNY 60.94
TIANJIN METRO GROUP CO L 4.27 10/16/25 CNY 64.00
TIANJIN NINGHE INVESTMEN 5.50 04/22/23 CNY 39.48
TIANJIN NINGHE INVESTMEN 5.50 04/22/23 CNY 40.37
TIANJIN RAILWAY CONSTRUC 5.58 04/13/25 CNY 59.59
TIANJIN RAILWAY CONSTRUC 5.58 04/13/25 CNY 60.06
TIANJIN REAL ESTATE GROU 4.50 09/29/20 USD 73.82
TIANJIN WUQING STATE-OWN 4.15 11/17/22 CNY 20.13
TIANJIN WUQING STATE-OWN 4.15 11/17/22 CNY 20.13
TIANMEN CITY CONSTRUCTIO 3.98 11/15/23 CNY 39.66
TIANMEN CITY CONSTRUCTIO 3.98 11/15/23 CNY 40.28
TONGCHENG CITY CONSTRUCT 6.60 12/18/24 CNY 60.00
TONGCHENG CITY CONSTRUCT 6.60 12/18/24 CNY 62.48
TONGLING CONSTRUCTION IN 4.12 03/14/23 CNY 40.00
TONGLING CONSTRUCTION IN 4.12 03/14/23 CNY 40.28
TONGLING CONSTRUCTION IN 5.77 07/31/24 CNY 60.00
TONGLING CONSTRUCTION IN 5.77 07/31/24 CNY 61.97
TONGLING CONSTRUCTION IN 5.80 08/16/24 CNY 62.01
TONGLING CONSTRUCTION IN 5.80 08/16/24 CNY 62.07
TSINGHUA HOLDINGS CORP L 4.95 08/08/22 CNY 36.40
TSINGHUA UNIGROUP CO LTD 5.60 11/15/20 CNY 25.50
TSINGHUA UNIGROUP CO LTD 6.20 03/16/21 CNY 25.50
TSINGHUA UNIGROUP CO LTD 6.15 12/26/21 CNY 25.50
TSINGHUA UNIGROUP CO LTD 4.94 03/25/22 CNY 16.55
TSINGHUA UNIGROUP CO LTD 5.85 03/27/22 CNY 16.88
TSINGHUA UNIGROUP CO LTD 6.00 08/14/22 CNY 25.50
TSINGHUA UNIGROUP CO LTD 5.20 12/10/23 CNY 11.65
TSINGHUA UNIGROUP CO LTD 5.11 01/25/24 CNY 13.00
TULUFAN DISTRICT STATE-O 6.20 03/19/22 CNY 20.04
TULUFAN DISTRICT STATE-O 6.20 03/19/22 CNY 20.19
TUNGHSU GROUP CO LTD 6.55 03/13/22 CNY 45.00
ULANQAB CITY INVESTMENT 8.39 04/25/22 CNY 25.17
URUMQI ECO&TECH DEVELOPM 6.40 04/13/22 CNY 20.00
URUMQI ECO&TECH DEVELOPM 6.40 04/13/22 CNY 20.11
WANGCHENG ECONOMIC DEVEL 3.75 07/13/23 CNY 40.26
WANGCHENG ECONOMIC DEVEL 3.75 07/13/23 CNY 40.30
WEICHI HOLDING GROUP CO 6.18 07/24/24 CNY 60.00
WEICHI HOLDING GROUP CO 6.18 07/24/24 CNY 60.93
WEIFANG GONGXIN STATE-OW 5.00 07/13/26 CNY 70.98
WEIFANG GONGXIN STATE-OW 5.00 07/13/26 CNY 70.99
WEIHAI CENTRAL CITY STAT 6.05 11/02/24 CNY 60.00
WEIHAI CENTRAL CITY STAT 6.05 11/02/24 CNY 60.04
WEIHAI CITY SHUANGDAO BA 5.32 04/28/24 CNY 61.30
WEIHAI ECONOMIC TECHNOLO 5.80 08/23/24 CNY 60.00
WEIHAI ECONOMIC TECHNOLO 5.80 08/23/24 CNY 61.39
WEIHAI LANCHUANG CONSTRU 4.80 12/17/22 CNY 19.39
WEIHAI LANCHUANG CONSTRU 4.80 12/17/22 CNY 19.50
WEIHAI URBAN CONSTRUCTIO 3.33 03/02/23 CNY 40.02
WEIHAI URBAN CONSTRUCTIO 3.33 03/02/23 CNY 40.05
WEIHAI WENDENG DISTRICT 3.64 10/26/23 CNY 39.74
WEIHAI WENDENG DISTRICT 3.64 10/26/23 CNY 39.77
WEIHAI WENDENG URBAN PRO 4.80 05/26/23 CNY 39.50
WEIHAI WENDENG URBAN PRO 4.80 05/26/23 CNY 39.90
WEINAN CITY INVESTMENT G 6.09 03/11/22 CNY 20.00
WEINAN CITY INVESTMENT G 6.09 03/11/22 CNY 20.02
WENDENG GOLDEN BEACH INV 3.97 03/21/23 CNY 39.55
WENDENG GOLDEN BEACH INV 3.97 03/21/23 CNY 39.97
WENS FOODSTUFFS GROUP CO 3.26 10/29/30 USD 72.23
WENSHAN URBAN CONSTRUCTI 4.50 09/13/23 CNY 37.22
WENSHAN URBAN CONSTRUCTI 4.50 09/13/23 CNY 39.77
WENZHOU CITY CONSTRUCTIO 4.05 01/25/23 CNY 20.17
WENZHOU CITY CONSTRUCTIO 4.05 01/25/23 CNY 20.25
WENZHOU CITY CONSTRUCTIO 5.00 04/26/23 CNY 40.55
WENZHOU CITY CONSTRUCTIO 5.00 04/26/23 CNY 40.65
WENZHOU GANGCHENG DEVELO 5.19 03/29/23 CNY 40.27
WENZHOU GANGCHENG DEVELO 5.19 03/29/23 CNY 40.28
WENZHOU HIGH-TECH INDUST 5.90 09/18/24 CNY 61.23
WENZHOU MINKE INDUSTRIAL 6.44 07/18/24 CNY 60.00
WENZHOU MINKE INDUSTRIAL 6.44 07/18/24 CNY 61.55
WENZHOU OUHAI NEW CITY C 3.98 10/26/23 CNY 40.35
WENZHOU OUHAI NEW CITY C 3.98 10/26/23 CNY 40.48
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 DISTRI 5.48 04/19/24 CNY 61.43
WUHAN HONGSHAN CITY CONS 5.68 08/10/24 CNY 60.57
WUHAN HONGSHAN CITY CONS 5.68 08/10/24 CNY 62.01
WUHAN HONGSHAN CITY CONS 5.68 10/12/24 CNY 60.58
WUHAN HONGSHAN CITY CONS 5.68 10/12/24 CNY 62.13
WUHAN JIANGXIA URBAN CON 4.80 06/03/23 CNY 40.00
WUHAN JIANGXIA URBAN CON 4.80 06/03/23 CNY 40.46
WUHAN METRO GROUP CO LTD 5.25 04/14/22 CNY 20.08
WUHAN QIAOKOU STATE OWNE 3.48 08/29/23 CNY 38.93
WUHAN QIAOKOU STATE OWNE 3.48 08/29/23 CNY 40.17
WUHAN URBAN CONSTRUCTION 4.99 06/15/24 CNY 75.00
WUHU COMMUNICATIONS INVE 4.50 04/28/23 CNY 40.16
WUHU COMMUNICATIONS INVE 4.50 04/28/23 CNY 40.36
WUHU COMMUNICATIONS INVE 3.58 09/23/23 CNY 39.76
WUHU COMMUNICATIONS INVE 3.58 09/23/23 CNY 40.14
WUHU JINGHU CONSTRUCTION 4.37 07/20/23 CNY 40.27
WUHU JINGHU CONSTRUCTION 4.37 07/20/23 CNY 40.33
WUHU JIUJIANG CONSTRUCTI 3.96 03/21/23 CNY 40.26
WUHU XINMA INVESTMENT CO 4.87 11/04/22 CNY 20.21
WUSHENG CITY INVESTMENT 7.05 11/03/24 CNY 58.40
WUSHENG CITY INVESTMENT 7.05 11/03/24 CNY 60.84
WUXI EAST SCIENCE & TECH 5.73 09/14/24 CNY 60.00
WUXI EAST SCIENCE & TECH 5.73 09/14/24 CNY 62.23
WUXI FOOD SCIENCE PARK D 5.70 09/28/24 CNY 62.24
WUXI HUIKAI ECONOMIC DEV 4.16 04/08/23 CNY 39.83
WUXI HUIKAI ECONOMIC DEV 4.16 04/08/23 CNY 40.27
WUXI TAIHU NEW CITY DEVE 4.49 05/03/23 CNY 40.41
WUXI TAIHU NEW CITY DEVE 3.47 08/29/23 CNY 39.50
WUXI TAIHU NEW CITY DEVE 3.47 08/29/23 CNY 40.09
WUXI XIDONG NEW TOWN CON 3.92 11/09/23 CNY 40.24
WUXI XIDONG NEW TOWN CON 3.92 11/09/23 CNY 40.36
WUYANG CONSTRUCTION GROU 7.80 09/11/20 CNY 32.48
XIAMEN YUZHOU GRAND FUTU 7.50 04/03/24 CNY 39.22
XIAN FENGDONG DEVELOPMEN 4.67 01/08/23 CNY 19.91
XIAN FENGDONG DEVELOPMEN 4.67 01/08/23 CNY 20.00
XI'AN HI-TECH HOLDING CO 6.12 12/27/24 CNY 62.56
XI'AN HI-TECH HOLDING CO 6.12 12/27/24 CNY 62.71
XI'AN PIONEERING PARK DE 6.20 05/02/24 CNY 61.10
XI'AN PIONEERING PARK DE 6.20 05/02/24 CNY 61.90
XIANGCHENG LINGWU URBAN 7.45 11/10/24 CNY 60.00
XIANGCHENG LINGWU URBAN 7.45 11/10/24 CNY 63.18
XIANGSHUI GUANJIANG HOLD 4.98 12/24/22 CNY 18.00
XIANGSHUI GUANJIANG HOLD 4.98 12/24/22 CNY 19.35
XIANGTAN CITY INFRASTRCT 3.60 08/04/23 CNY 37.43
XIANGTAN CITY INFRASTRCT 3.95 08/04/23 CNY 37.53
XIANGTAN CITY INFRASTRCT 3.95 08/04/23 CNY 37.55
XIANGTAN CITY INFRASTRCT 3.60 08/04/23 CNY 38.00
XIANGTAN JIUHUA ECONOMIC 5.00 07/25/26 CNY 64.84
XIANGTAN JIUHUA ECONOMIC 5.00 07/25/26 CNY 70.43
XIANGXIANG CITY DONGSHAN 6.20 08/03/24 CNY 60.47
XIANGXIANG CITY DONGSHAN 6.20 08/03/24 CNY 60.99
XIANGXIANG ECONOMIC DIST 5.28 09/09/23 CNY 38.03
XIANGXIANG ECONOMIC DIST 5.28 09/09/23 CNY 38.04
XIANGXIANG URBAN CONSTRU 5.84 05/18/23 CNY 39.37
XIANGXIANG URBAN CONSTRU 5.84 05/18/23 CNY 40.44
XIANGXIANG URBAN CONSTRU 7.50 10/27/24 CNY 60.00
XIANGXIANG URBAN CONSTRU 7.50 10/27/24 CNY 63.24
XIANGYANG CITY HOUSING I 6.10 12/15/24 CNY 61.00
XIANGYANG CITY HOUSING I 6.10 12/15/24 CNY 62.84
XIANGYANG CITY XIANGZHOU 5.18 04/28/23 CNY 40.29
XIANGYANG CITY XIANGZHOU 5.18 04/28/23 CNY 40.35
XIANGYANG HIGH TECH STAT 6.25 06/12/24 CNY 62.28
XIANGYANG HIGH TECH STAT 6.25 06/12/24 CNY 62.28
XIANGYANG STATE-OWNED CA 4.62 01/25/23 CNY 19.92
XIANGYANG STATE-OWNED CA 4.62 01/25/23 CNY 20.03
XIANGYANG STATE-OWNED CA 6.10 07/19/24 CNY 60.00
XIANGYANG STATE-OWNED CA 6.10 07/19/24 CNY 61.21
XIANNING HIGH-TECH INVES 6.60 06/01/27 CNY 71.90
XIANNING HIGH-TECH INVES 6.60 06/01/27 CNY 72.58
XIANTAO CITY CONSTRUCTIO 4.59 04/18/23 CNY 40.35
XIANTAO CITY CONSTRUCTIO 4.59 04/18/23 CNY 40.40
XIAOCHANG SHUNHE DEVELOP 4.15 10/17/23 CNY 39.26
XIAOXIAN COUNTY DEVELOPM 4.85 06/22/23 CNY 40.50
XIAOXIAN COUNTY DEVELOPM 4.85 06/22/23 CNY 40.58
XINDONGGANG HOLDING GROU 5.53 04/27/23 CNY 39.86
XINDONGGANG HOLDING GROU 5.53 04/27/23 CNY 39.97
XINGAN COUNTY URBAN CONS 5.48 08/03/23 CNY 39.25
XINGAN COUNTY URBAN CONS 5.48 08/03/23 CNY 40.12
XINGAN LEAGUE URBAN DEVE 6.18 12/21/22 CNY 13.36
XINGAN LEAGUE URBAN DEVE 6.18 12/21/22 CNY 13.66
XINGHUA CITY ECONOMIC DE 5.28 06/13/22 CNY 25.03
XINGNING YONGYE INFRASTR 5.99 07/24/24 CNY 61.41
XINGYI XINHENG URBAN CON 5.40 12/16/22 CNY 20.05
XINGYI XINHENG URBAN CON 7.90 01/31/25 CNY 60.00
XINGYI XINHENG URBAN CON 7.90 01/31/25 CNY 60.11
XINJIANG UYGUR AR HAMI C 6.55 10/27/24 CNY 60.00
XINJIANG UYGUR AR HAMI C 6.55 10/27/24 CNY 62.73
XINJIN NEW CITY DEVELOPM 7.30 10/23/24 CNY 60.00
XINJIN NEW CITY DEVELOPM 7.30 10/23/24 CNY 62.31
XINMI CAIYUAN CITY CONST 4.35 02/28/23 CNY 40.11
XINMI CAIYUAN CITY CONST 4.35 02/28/23 CNY 40.17
XINPING URBAN DEVELOPMEN 7.70 01/24/26 CNY 71.20
XINPING URBAN DEVELOPMEN 7.70 01/24/26 CNY 72.47
XINTAI CITY COORDINATING 6.35 03/23/22 CNY 20.04
XINTAI CITY COORDINATING 6.35 03/23/22 CNY 20.75
XINYI CITY INVESTMENT & 4.30 01/19/23 CNY 19.44
XINYI CITY INVESTMENT & 4.30 01/19/23 CNY 20.00
XINYI ECONOMIC DEVELOPME 6.66 09/27/24 CNY 54.50
XINYI ECONOMIC DEVELOPME 6.66 09/27/24 CNY 59.38
XINYI URBAN TRANSPORTATI 5.35 04/24/24 CNY 61.49
XINYI URBAN TRANSPORTATI 5.35 04/24/24 CNY 62.57
XINYU CITY SHANTYTOWN ZO 6.50 11/13/22 CNY 40.43
XINYU CITY YUSHUI DISTRI 7.70 06/24/22 CNY 20.26
XINYU CITY YUSHUI DISTRI 7.70 06/24/22 CNY 20.35
XIPING COUNTY INDUSTRIAL 7.50 12/26/24 CNY 60.00
XIPING COUNTY INDUSTRIAL 7.50 12/26/24 CNY 63.44
XISHUI COUNTY FENGZHU IN 6.52 07/28/24 CNY 61.90
XISHUI COUNTY FENGZHU IN 6.52 07/28/24 CNY 62.50
XIWANG GROUP CO LTD 7.80 12/03/22 CNY 49.94
XUANCHENG STATE-OWNED AS 4.12 04/07/23 CNY 40.24
XUANCHENG STATE-OWNED AS 4.12 04/07/23 CNY 40.26
XUCHANG GENERAL INVESTME 5.74 08/17/24 CNY 62.21
XUZHOU CITY JIAWANG CONS 4.00 03/23/23 CNY 40.11
XUZHOU CITY JIAWANG CONS 4.00 03/23/23 CNY 40.16
XUZHOU CITY TONGSHAN DIS 5.23 09/18/22 CNY 20.00
XUZHOU CITY TONGSHAN DIS 5.23 09/18/22 CNY 20.24
XUZHOU HI-TECH INDUSTRIA 3.78 11/11/23 CNY 40.29
XUZHOU HI-TECH INDUSTRIA 3.78 11/11/23 CNY 40.40
XUZHOU XINSHENG INVESTME 5.13 08/12/22 CNY 20.26
XUZHOU XINSHENG INVESTME 5.13 08/12/22 CNY 24.46
YAN'AN NEW CITY CONSTRUC 5.60 04/21/24 CNY 60.44
YANCHENG GUANDONG ECONOM 6.42 05/16/24 CNY 60.80
YANCHENG GUANDONG ECONOM 6.42 05/16/24 CNY 62.29
YANCHENG HIGH-TECH ZONE 3.90 12/14/22 CNY 20.10
YANCHENG HIGH-TECH ZONE 3.90 12/14/22 CNY 20.13
YANCHENG YANDU DISTRICT 3.67 03/17/23 CNY 39.18
YANCHENG YANDU DISTRICT 3.67 03/17/23 CNY 39.95
YANGJIANG HENGCAI CITY I 6.24 04/14/22 CNY 20.10
YANGJIANG HENGCAI CITY I 6.24 04/14/22 CNY 21.20
YANGO GROUP CO LTD 7.40 03/24/22 CNY 19.00
YANGO GROUP CO LTD 6.90 10/31/22 CNY 18.98
YANGO GROUP CO LTD 6.80 10/28/24 CNY 18.95
YANGXIN TOWN CONSTRUCTIO 6.50 04/26/24 CNY 61.60
YANGXIN TOWN CONSTRUCTIO 6.50 04/26/24 CNY 61.61
YANGZHONG TRANSPORTATION 4.95 04/07/23 CNY 40.10
YANGZHONG TRANSPORTATION 4.95 04/07/23 CNY 40.21
YANGZHONG TRANSPORTATION 4.98 04/07/23 CNY 40.44
YANGZHONG TRANSPORTATION 4.98 04/07/23 CNY 40.52
YANGZHOU ECONOMIC & TECH 5.28 07/06/24 CNY 61.73
YANGZHOU ECONOMIC & TECH 5.28 07/06/24 CNY 62.40
YANGZHOU GUANGLING NEW C 3.62 09/07/23 CNY 39.25
YANGZHOU GUANGLING NEW C 3.62 09/07/23 CNY 39.99
YANGZHOU HANJIANG CONSTR 5.88 06/15/22 CNY 20.19
YANGZHOU HANJIANG CONSTR 5.88 06/15/22 CNY 26.63
YANGZHOU NEW MATERIAL IN 6.80 10/09/24 CNY 60.00
YANGZHOU NEW MATERIAL IN 6.80 10/09/24 CNY 61.27
YI CHENG CONSTRUCTION IN 5.44 04/27/23 CNY 39.82
YI ZHENG CITY DEVELOPMEN 4.63 01/08/23 CNY 20.00
YI ZHENG CITY DEVELOPMEN 4.63 01/08/23 CNY 20.14
YICHANG HIGH-TECH INVEST 4.80 12/15/22 CNY 20.00
YICHANG HIGH-TECH INVEST 4.80 12/15/22 CNY 20.33
YICHANG HIGH-TECH INVEST 3.74 07/21/23 CNY 39.85
YICHANG HIGH-TECH INVEST 3.74 07/21/23 CNY 40.26
YICHANG HIGH-TECH INVEST 6.10 05/18/24 CNY 61.41
YICHANG HIGH-TECH INVEST 6.10 05/18/24 CNY 61.70
YICHANG WUJIA NEW CITY I 6.50 04/20/24 CNY 61.56
YICHANG WUJIA NEW CITY I 6.50 04/20/24 CNY 61.56
YICHUN VENTURE CAPITAL C 6.70 03/23/22 CNY 20.00
YICHUN VENTURE CAPITAL C 6.70 03/23/22 CNY 20.07
YIHUA ENTERPRISE GROUP C 7.00 04/29/22 CNY 54.00
YIHUA LIFESTYLE TECHNOLO 6.88 07/16/20 CNY 35.90
YIHUA LIFESTYLE TECHNOLO 6.88 07/23/20 CNY 35.00
YINGCHENG CITY PUYANG DE 6.50 04/14/24 CNY 60.30
YINGCHENG CITY PUYANG DE 6.50 04/14/24 CNY 61.54
YINGKOU BEIHAI NEW CITY 7.19 07/12/24 CNY 61.56
YINGKOU BEIHAI NEW CITY 7.19 07/12/24 CNY 62.23
YINGKOU BEIHAI NEW CITY 7.98 01/25/25 CNY 60.00
YINGKOU BEIHAI NEW CITY 7.98 01/25/25 CNY 64.12
YINGKOU ECO & TECH DEVEL 5.20 08/05/23 CNY 39.49
YINGKOU ECO & TECH DEVEL 5.20 08/05/23 CNY 39.75
YINGKOU ECO & TECH DEVEL 6.98 04/19/24 CNY 61.03
YINGKOU ECO & TECH DEVEL 6.98 04/19/24 CNY 61.52
YINGKOU LAOBIAN CITY CON 5.63 12/16/22 CNY 20.13
YINGKOU LAOBIAN CITY CON 4.98 03/11/23 CNY 38.14
YINGTAN JUNENG INVESTMEN 6.75 07/31/22 CNY 20.31
YINGTAN JUNENG INVESTMEN 6.75 07/31/22 CNY 21.18
YINGTAN STATE-OWNED ASSE 7.50 12/12/22 CNY 15.52
YINGTAN STATE-OWNED ASSE 7.50 12/12/22 CNY 15.52
YINING CITY STATE OWNED 5.37 09/24/22 CNY 19.40
YINING CITY STATE OWNED 5.37 09/24/22 CNY 19.99
YIWU CITY CONSTRUCTION I 4.31 12/07/22 CNY 20.21
YIWU CITY CONSTRUCTION I 4.31 12/07/22 CNY 20.21
YIWU CITY CONSTRUCTION I 5.48 08/18/24 CNY 60.00
YIWU CITY CONSTRUCTION I 5.48 08/18/24 CNY 61.68
YIXING CITY CONSTRUCTION 6.16 03/30/22 CNY 20.00
YIXING CITY CONSTRUCTION 6.16 03/30/22 CNY 20.06
YIYANG ADVANCED INDUSTRY 7.00 03/30/22 CNY 20.06
YIYANG ADVANCED INDUSTRY 7.00 03/30/22 CNY 28.00
YIYANG PROVINCE AREA INN 4.95 10/13/23 CNY 38.36
YIYANG PROVINCE AREA INN 4.95 10/13/23 CNY 40.55
YIYANG PROVINCE AREA INN 5.16 11/23/23 CNY 37.48
YIYANG PROVINCE AREA INN 5.16 11/23/23 CNY 39.01
YIYUAN HONGDING ASSET OP 7.50 08/17/25 CNY 70.01
YIZHANG XINGYI CONSTRUCT 5.49 09/02/24 CNY 53.42
YIZHANG XINGYI CONSTRUCT 5.49 09/02/24 CNY 54.17
YIZHENG SHI'ERWEI NEW AR 6.77 08/22/24 CNY 60.52
YONG ZHOU CITY DEVELOPME 5.30 07/13/24 CNY 61.15
YONG ZHOU CITY DEVELOPME 5.30 07/13/24 CNY 61.60
YONGCHENG COAL & ELECTRI 7.50 02/02/21 CNY 39.88
YONGXING YINDU INVESTMEN 5.60 03/24/23 CNY 39.49
YONGXING YINDU INVESTMEN 5.60 03/24/23 CNY 39.50
YONGXING YINDU INVESTMEN 6.93 07/07/24 CNY 60.00
YONGXING YINDU INVESTMEN 6.93 07/07/24 CNY 60.19
YONGXING YINDU INVESTMEN 6.50 08/14/24 CNY 60.00
YONGXING YINDU INVESTMEN 6.50 08/14/24 CNY 61.67
YONGZHOU ECONOMIC CONSTR 3.55 01/14/23 CNY 19.72
YONGZHOU ECONOMIC CONSTR 3.55 01/14/23 CNY 20.08
YUANAN COUNTY QIFENG CIT 5.50 05/27/23 CNY 40.23
YUANAN COUNTY QIFENG CIT 5.50 05/27/23 CNY 40.41
YUANLING CHENZHOU INVEST 6.50 09/20/24 CNY 60.00
YUANLING CHENZHOU INVEST 6.50 09/20/24 CNY 62.06
YUANLING CHENZHOU INVEST 6.50 11/30/24 CNY 60.00
YUANLING CHENZHOU INVEST 6.50 11/30/24 CNY 62.30
YUEYANG DONGTING XINCHEN 6.15 03/20/22 CNY 20.02
YUEYANG HUIHUA URBAN INV 5.78 04/18/24 CNY 61.15
YUEYANG HUIHUA URBAN INV 5.78 04/18/24 CNY 61.41
YUEYANG HUIHUA URBAN INV 5.96 07/26/24 CNY 61.71
YUEYANG HUIHUA URBAN INV 5.96 07/26/24 CNY 62.02
YUEYANG URBAN CONSTRUCTI 4.80 01/27/26 CNY 61.98
YUEYANG URBAN CONSTRUCTI 4.80 01/27/26 CNY 61.98
YUEYANG YUNXI CITY CONST 6.00 07/08/23 CNY 38.53
YUEYANG YUNXI CITY CONST 5.18 11/21/23 CNY 39.00
YUHUAN CITY COMMUNICATIO 6.18 03/20/22 CNY 20.04
YUHUAN CITY COMMUNICATIO 6.18 03/20/22 CNY 24.47
YUHUAN CITY CONSTRUCTION 5.10 05/03/23 CNY 40.26
YUHUAN CITY CONSTRUCTION 5.10 05/03/23 CNY 40.50
YUHUAN CITY CONSTRUCTION 3.72 10/21/23 CNY 39.79
YUHUAN CITY CONSTRUCTION 3.72 10/21/23 CNY 40.30
YUNCHENG SHUIHU CITY CON 4.54 11/21/23 CNY 38.45
YUNCHENG SHUIHU CITY CON 4.54 11/21/23 CNY 39.74
YUNCHENG URBAN CONSTRUCT 6.30 08/29/24 CNY 59.04
YUNCHENG URBAN CONSTRUCT 6.30 08/29/24 CNY 59.10
YUZHOU GENERAL INVESTMEN 4.68 01/19/23 CNY 20.00
YUZHOU GENERAL INVESTMEN 4.68 01/19/23 CNY 20.13
ZAOYANG CITY CONSTRUCTIO 5.50 03/22/23 CNY 40.18
ZAOYANG CITY CONSTRUCTIO 5.50 03/22/23 CNY 40.52
ZHANGJIAGANG ECONOMY DEV 3.95 03/22/23 CNY 40.00
ZHANGJIAGANG ECONOMY DEV 3.95 03/22/23 CNY 40.23
ZHANGJIAJIE ECONOMIC DEV 6.47 07/24/27 CNY 73.29
ZHANGQIU STATE OWNED ASS 3.69 08/09/23 CNY 39.64
ZHANGQIU STATE OWNED ASS 3.69 08/09/23 CNY 40.19
ZHANGSHU STATE-OWNED ASS 4.80 06/22/23 CNY 40.39
ZHANGSHU STATE-OWNED ASS 4.80 06/22/23 CNY 42.67
ZHANGZHOU ECONOMIC DEVEL 6.17 04/27/22 CNY 20.13
ZHANGZHOU ECONOMIC DEVEL 6.17 04/27/22 CNY 20.20
ZHAODONG DONGSHENG CONST 6.50 01/20/24 CNY 41.30
ZHAODONG DONGSHENG CONST 6.50 01/20/24 CNY 41.31
ZHAOQING GAOYAO DISTRICT 6.68 04/14/22 CNY 20.00
ZHAOQING GAOYAO DISTRICT 6.68 04/14/22 CNY 20.12
ZHAOQING HI-TECH ZONE CO 3.97 08/26/23 CNY 40.01
ZHAOQING HI-TECH ZONE CO 3.97 08/26/23 CNY 40.03
ZHEJIANG BINHAI NEW CITY 4.65 12/23/22 CNY 20.22
ZHEJIANG BINHAI NEW CITY 4.65 12/23/22 CNY 20.30
ZHEJIANG HANGZHOU QINGSH 5.99 06/30/24 CNY 62.24
ZHEJIANG HANGZHOU QINGSH 5.99 06/30/24 CNY 62.25
ZHEJIANG HUISHENG INVEST 4.49 03/15/24 CNY 55.00
ZHEJIANG HUISHENG INVEST 4.49 03/15/24 CNY 55.53
ZHEJIANG OUHAI CONSTRUCT 6.45 04/23/22 CNY 20.13
ZHEJIANG OUHAI CONSTRUCT 6.45 04/23/22 CNY 20.20
ZHEJIANG OUHAI CONSTRUCT 4.83 01/21/23 CNY 20.10
ZHEJIANG OUHAI CONSTRUCT 4.83 01/21/23 CNY 20.32
ZHEJIANG TIANTAI STATE-O 6.50 11/22/24 CNY 60.00
ZHEJIANG TIANTAI STATE-O 6.50 11/22/24 CNY 62.60
ZHENGZHOU AIRPORT ECONOM 4.27 07/20/26 CNY 53.31
ZHENGZHOU AIRPORT ECONOM 4.27 07/20/26 CNY 53.46
ZHENGZHOU GENERAL AVIATI 5.98 06/27/24 CNY 60.00
ZHENGZHOU GENERAL AVIATI 5.98 06/27/24 CNY 62.13
ZHENGZHOU GENERAL AVIATI 5.80 10/18/24 CNY 60.00
ZHENGZHOU GENERAL AVIATI 5.80 10/18/24 CNY 62.41
ZHENGZHOU JINGKAI INVEST 5.48 07/31/22 CNY 20.00
ZHENGZHOU JINGKAI INVEST 5.48 07/31/22 CNY 20.21
ZHENGZHOU MOUZHONG DEVEL 4.59 04/18/23 CNY 40.13
ZHENGZHOU MOUZHONG DEVEL 4.59 04/18/23 CNY 40.14
ZHENJIANG DANTU DISTRICT 5.98 11/06/24 CNY 59.40
ZHENJIANG DANTU DISTRICT 5.98 11/06/24 CNY 62.02
ZHENJIANG NEW AREA URBAN 5.31 07/14/23 CNY 39.82
ZHENJIANG NEW AREA URBAN 5.31 07/14/23 CNY 40.58
ZHENRO REAL ESTATE HOLDI 5.45 09/14/24 CNY 53.15
ZHIJIANG STATE-OWNED ASS 4.78 01/11/23 CNY 19.40
ZHIJIANG STATE-OWNED ASS 4.78 01/11/23 CNY 19.90
ZHIJIANG STATE-OWNED ASS 4.38 03/28/23 CNY 39.25
ZHIJIANG STATE-OWNED ASS 4.38 03/28/23 CNY 39.82
ZHIJIANG WANYUN COMMUNIC 7.00 08/29/24 CNY 62.19
ZHONGGUANCUN DEVELOPMENT 4.20 08/12/22 CNY 20.12
ZHONGGUANCUN DEVELOPMENT 4.20 08/12/22 CNY 20.15
ZHONGSHAN TORCH DEVELOPM 5.79 03/23/24 CNY 61.78
ZHONGXIANG CITY CONSTRUC 6.50 09/01/24 CNY 62.47
ZHONGXIANG CITY CONSTRUC 6.50 09/01/24 CNY 62.47
ZHOUSHAN DINGHAI CITY CO 6.67 07/20/22 CNY 20.15
ZHOUSHAN ISLANDS NEW DIS 6.98 10/22/22 CNY 25.40
ZHOUSHAN ISLANDS NEW DIS 6.98 10/22/22 CNY 25.59
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 25.32
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 26.90
ZHUCHENG ECONOMIC DEVELO 5.37 07/12/24 CNY 60.14
ZHUCHENG ECONOMIC DEVELO 5.37 07/12/24 CNY 61.63
ZHUHAI HUIHUA INFRASTRUC 4.70 06/27/23 CNY 40.23
ZHUHAI HUIHUA INFRASTRUC 4.70 06/27/23 CNY 40.26
ZHUJI CITY EAST NEW TOWN 3.89 08/26/23 CNY 40.23
ZHUJI CITY YUEDU INVESTM 6.38 04/07/22 CNY 20.07
ZHUJI STATE-OWNED ASSETS 5.34 06/28/24 CNY 61.66
ZHUJI STATE-OWNED ASSETS 5.34 06/28/24 CNY 62.50
ZHUJI STATE-OWNED ASSETS 5.23 07/18/24 CNY 61.75
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 20.00
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 20.07
ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 39.60
ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 39.61
ZHUZHOU HI-TECH AUTO EXP 4.47 11/03/23 CNY 50.27
ZHUZHOU LUSONG STATE OWN 7.00 01/30/25 CNY 63.60
ZHUZHOU LVXIANG INVESTME 7.09 08/16/24 CNY 53.69
ZHUZHOU LVXIANG INVESTME 7.09 08/16/24 CNY 60.68
ZHUZHOU RAILWAY INDUSTRY 7.50 09/25/24 CNY 60.95
ZHUZHOU RECYCLING ECONOM 4.38 03/24/23 CNY 38.48
ZHUZHOU RECYCLING ECONOM 4.38 03/24/23 CNY 38.54
ZHUZHOU XIANGJIAN INVEST 6.40 08/09/24 CNY 60.00
ZHUZHOU XIANGJIAN INVEST 6.40 08/09/24 CNY 60.31
ZHUZHOU XIANGJIANG SCENI 5.39 11/25/22 CNY 19.61
ZHUZHOU XIANGJIANG SCENI 5.39 11/25/22 CNY 19.90
ZHUZHOU YUNLONG DEVELOPM 7.80 03/08/25 CNY 71.84
ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 20.00
ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 20.06
ZIBO BOSHAN STATE OWNED 5.63 03/29/24 CNY 60.36
ZIBO BOSHAN STATE OWNED 5.63 03/29/24 CNY 61.46
ZIBO HIGH TECH CITY INVE 5.28 08/10/24 CNY 61.81
ZIBO HIGH TECH CITY INVE 5.28 08/10/24 CNY 64.80
ZIXING CHENGCHENG INVEST 6.20 03/16/24 CNY 61.20
ZIXING CHENGCHENG INVEST 6.20 03/16/24 CNY 61.73
ZIXING CHENGCHENG INVEST 6.18 08/09/24 CNY 60.00
ZIXING CHENGCHENG INVEST 6.18 08/09/24 CNY 61.90
ZIXING CITY DEVELOPMENT 6.00 05/03/24 CNY 61.01
ZIXING CITY DEVELOPMENT 6.00 05/03/24 CNY 61.22
ZIXING CITY DEVELOPMENT 6.30 09/26/24 CNY 60.00
ZIXING CITY DEVELOPMENT 6.30 09/26/24 CNY 61.86
ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 38.74
ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 38.75
ZIZHONG COUNTY XINGZI IN 5.97 01/18/23 CNY 19.55
ZIZHONG COUNTY XINGZI IN 5.97 01/18/23 CNY 19.68
ZONGYANG INVESTMENT DEVE 5.85 04/25/24 CNY 60.00
ZONGYANG INVESTMENT DEVE 5.85 04/25/24 CNY 61.69
ZUNYI BOZHOU URBAN CONST 6.60 07/06/24 CNY 61.20
ZUNYI BOZHOU URBAN CONST 6.60 07/06/24 CNY 61.25
ZUNYI BOZHOU URBAN CONST 7.85 10/24/24 CNY 60.00
ZUNYI BOZHOU URBAN CONST 7.85 10/24/24 CNY 62.72
ZUNYI CITY XIANGJIANG IN 6.99 09/25/24 CNY 61.80
ZUNYI ECONOMIC DEVELOPME 4.87 01/22/23 CNY 18.29
ZUNYI ECONOMIC DEVELOPME 7.48 08/17/24 CNY 49.00
ZUNYI ECONOMIC DEVELOPME 7.48 08/17/24 CNY 56.41
ZUNYI HONGHUAGANG DISTRI 5.05 06/27/23 CNY 38.00
ZUNYI HONGHUAGANG DISTRI 5.05 06/27/23 CNY 39.96
ZUNYI HONGHUAGANG DISTRI 6.98 07/25/24 CNY 56.63
ZUNYI HONGHUAGANG DISTRI 6.98 07/25/24 CNY 61.55
ZUNYI NEW DISTRICT DEVEL 5.99 04/07/26 CNY 47.61
ZUNYI NEW DISTRICT DEVEL 5.99 04/07/26 CNY 50.90
ZUNYI ROAD & BRIDGE CONS 6.10 04/27/23 CNY 34.50
ZUNYI ROAD & BRIDGE CONS 6.10 04/27/23 CNY 36.70
ZUNYI TRAFFIC TRAVEL INV 7.70 09/27/27 CNY 72.52
ZUNYI TRAFFIC TRAVEL INV 7.70 09/27/27 CNY 73.90
HONG KONG
---------
DR PENG HOLDING HONGKONG 7.55 12/01/22 USD 45.98
HAINAN AIRLINES HONG KON 12.00 10/29/21 USD 30.00
HNA GROUP INTERNATIONAL 6.25 10/05/21 USD 17.30
YANGO JUSTICE INTERNATIO 5.30 01/11/22 USD 18.03
YANGO JUSTICE INTERNATIO 10.25 03/18/22 USD 17.89
YANGO JUSTICE INTERNATIO 10.25 09/15/22 USD 18.06
YANGO JUSTICE INTERNATIO 10.00 02/12/23 USD 17.12
YANGO JUSTICE INTERNATIO 9.25 04/15/23 USD 19.50
YANGO JUSTICE INTERNATIO 8.25 11/25/23 USD 19.50
YANGO JUSTICE INTERNATIO 7.50 04/15/24 USD 17.10
YANGO JUSTICE INTERNATIO 7.88 09/04/24 USD 17.08
YANGO JUSTICE INTERNATIO 7.50 02/17/25 USD 16.38
INDONESIA
---------
BERAU COAL ENERGY TBK PT 2.00 10/15/28 USD 24.23
BERAU COAL ENERGY TBK PT 2.00 10/15/28 USD 24.23
DELTA MERLIN DUNIA TEKST 2.50 06/26/28 USD 19.64
SRI REJEKI ISMAN TBK PT 7.25 01/16/25 USD 11.14
SRI REJEKI ISMAN TBK PT 7.25 01/16/25 USD 12.13
INDIA
-----
ACME MEDAK SOLAR ENERGY 0.01 08/29/46 INR 15.25
ACME RANGA REDDY SOLAR P 0.01 08/31/46 INR 15.17
AMPSOLAR SOLUTION PVT LT 0.01 10/27/37 INR 30.00
AMPSOLAR SOLUTION PVT LT 0.01 11/03/37 INR 29.95
AMTEK AUTO LTD 0.10 12/07/28 INR 57.29
APG HABITAT PVT LTD 1.00 09/09/28 INR 66.04
APG INTELLI HOMES PVT LT 1.25 02/04/35 INR 46.59
APG INTELLI HOMES PVT LT 1.25 02/04/35 INR 47.45
ASSETS CARE & RECONSTRUC 1.00 03/30/29 INR 65.37
ASSETS CARE & RECONSTRUC 2.00 03/30/29 INR 70.88
ASSETS CARE & RECONSTRUC 2.00 03/30/29 INR 70.88
ASSETS CARE & RECONSTRUC 2.00 03/31/30 INR 67.29
AUTOMOTIVE EXCHANGE PVT 4.00 06/01/30 INR 64.14
AUTOMOTIVE EXCHANGE PVT 4.00 10/11/30 INR 63.73
BODY CUPID PVT LTD 0.01 03/31/31 INR 50.52
BREEZE CONSTRUCTIONS PVT 0.01 06/29/30 INR 50.83
BRITANNIA INDUSTRIES LTD 8.00 08/28/22 INR 30.45
BRITANNIA INDUSTRIES LTD 5.50 06/03/24 INR 29.07
BROIL SOLAR ENERGY PVT L 0.01 09/05/31 INR 48.21
CHANDRAJYOTI ESTATE DEVE 0.01 07/06/30 INR 52.25
CONVERGIA DIGITAL EDUCAT 0.10 09/29/31 INR 56.05
CUMULUS TRADING CO PVT L 0.01 01/23/30 INR 69.94
CUMULUS TRADING CO PVT L 0.01 05/21/32 INR 44.17
DLF ASPINWAL HOTELS PVT 0.01 10/15/30 INR 48.75
DLF EMPORIO RESTAURANTS 0.01 06/29/30 INR 52.60
DLF EMPORIO RESTAURANTS 0.01 08/12/30 INR 52.10
DLF HOME DEVELOPERS LTD 0.01 06/29/30 INR 55.26
DLF HOMES PANCHKULA PVT 0.01 06/29/30 INR 50.96
DLF HOMES SERVICES PVT L 0.01 06/29/30 INR 50.83
DLF LANDS INDIA PVT LTD 0.01 09/29/31 INR 47.20
DLF MIDTOWN PVT LTD 0.01 12/11/27 INR 66.04
DLF REAL ESTATE BUILDERS 0.01 06/23/30 INR 52.30
DLF RECREATIONAL FOUNDAT 0.01 10/15/30 INR 48.76
DLF RESIDENTIAL BUILDERS 0.01 06/23/30 INR 51.08
DLF RESIDENTIAL DEVELOPE 0.01 06/28/30 INR 52.31
DLF SOUTHERN TOWNS PVT L 0.01 07/09/30 INR 52.44
DLF URBAN PVT LTD 0.01 12/11/27 INR 66.04
DOMUS REAL ESTATE PVT LT 0.01 07/11/30 INR 52.37
ECAP EQUITIES LTD 0.01 03/26/31 INR 51.43
EDEL LAND LTD 0.01 03/22/26 INR 73.97
EDELWEISS ASSET RECONSTR 2.00 11/20/27 INR 74.92
EDELWEISS ASSET RECONSTR 2.00 10/07/28 INR 71.23
EDELWEISS ASSET RECONSTR 2.00 01/15/29 INR 70.12
EDELWEISS ASSET RECONSTR 2.00 03/28/29 INR 69.36
EDELWEISS ASSET RECONSTR 2.00 07/22/29 INR 68.17
EDELWEISS RURAL & CORPOR 0.01 03/25/31 INR 52.26
ELP SOLAR ONE PVT LTD 0.25 02/27/31 INR 51.23
ESSAR POWER TRANSMISSION 3.00 03/31/43 INR 47.89
ESSAR POWER TRANSMISSION 3.00 03/31/43 INR 47.89
FUTURE RETAIL LTD 5.60 01/22/25 USD 57.25
FUTURE RETAIL LTD 5.60 01/22/25 USD 59.88
GAMMA GAANA LTD 0.01 07/31/31 INR 48.26
GREEN URJA PVT LTD 0.01 02/14/30 INR 54.30
GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 9.88
HCL INFOTECH LTD 0.10 03/31/36 INR 34.54
HITODI INFRASTRUCTURE LT 0.01 06/30/27 INR 65.64
JAIPRAKASH ASSOCIATES LT 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENTURE 7.00 05/15/17 USD 6.04
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 32.25
JTPM ATSALI LTD 0.01 08/29/48 INR 13.57
JUNO MONETA TECHNOLOGIES 0.01 05/18/26 INR 74.18
KANAKADURGA FINANCE LTD 0.01 04/15/36 INR 31.06
KUSHALS RETAIL PVT LTD 1.00 05/13/29 INR 63.64
L&T FINANCE LTD 6.25 12/03/24 INR 71.42
LITMUS WORLD MARKETING T 0.01 03/31/28 INR 68.32
MARIS POWER SUPPLY CO PV 2.00 04/18/28 INR 74.05
MELOSA BUILDERS & DEVELO 0.01 06/29/30 INR 50.83
MENS BUILDCON PVT LTD 0.01 06/29/30 INR 50.83
METALITE FUEL INDUSTRIES 0.01 03/31/35 INR 37.14
MYTRAH AADHYA POWER PVT 0.01 07/05/35 INR 35.87
MYTRAH ADVAITH POWER PVT 0.01 07/13/36 INR 33.10
MYTRAH AKSHAYA ENERGY PV 0.01 07/13/36 INR 33.10
NANI VIRANI WIND ENERGY 2.00 06/30/39 INR 45.62
NEEMUCH SOLAR POWER PVT 0.01 08/29/46 INR 15.25
NHAVA SHEVA INTERNATIONA 0.01 04/14/27 INR 69.16
ORIGAMI CELLULO PVT LTD 0.01 11/14/36 INR 31.85
PALIWAL REAL ESTATE LTD 0.01 09/09/31 INR 46.91
PIRAMAL CAPITAL & HOUSIN 8.50 04/18/23 INR 34.23
PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63
PRUDENT ARC LTD 0.01 09/02/31 INR 47.49
PRUDENT ARC LTD 0.01 10/04/31 INR 45.80
PUNJAB INFRASTRUCTURE DE 0.40 10/15/27 INR 70.52
PUNJAB INFRASTRUCTURE DE 0.40 10/15/28 INR 65.43
PUNJAB INFRASTRUCTURE DE 0.40 10/15/29 INR 60.65
PUNJAB INFRASTRUCTURE DE 0.40 10/15/30 INR 56.18
PUNJAB INFRASTRUCTURE DE 0.40 10/15/31 INR 52.04
PUNJAB INFRASTRUCTURE DE 0.40 10/15/32 INR 48.25
PUNJAB INFRASTRUCTURE DE 0.40 10/15/33 INR 44.80
PURVANCHAL SOLAR POWER P 0.01 08/29/46 INR 15.25
PYRAMID SAIMIRA THEATRE 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 32.75
RAMANI ICECREAM CO LTD 0.01 12/29/35 INR 35.13
REDKITE CAPITAL PVT LTD 2.50 03/30/29 INR 72.87
REI AGRO LTD 5.50 11/13/14 USD 0.69
REI AGRO LTD 5.50 11/13/14 USD 0.69
RELIANCE COMMUNICATIONS 6.50 11/06/20 USD 8.04
REWANCHAL SOLAR POWER PV 0.01 08/29/46 INR 15.25
RIVERIA COMMERCIAL DEVEL 0.01 07/08/31 INR 46.32
RMZ ONE PARAMOUNT PVT LT 0.10 03/24/29 INR 58.84
SAKET HOLIDAYS RESORTS P 0.01 06/29/30 INR 52.06
SANJWIN CONSULTING SOLUT 0.01 06/01/28 INR 61.13
SHERISHA ROOFTOP SOLAR S 0.01 08/12/31 INR 45.42
SHIVAJI MARG MAINTENANCE 0.01 06/28/30 INR 51.21
SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 26.24
STPL HORTICULTURE PVT LT 0.01 03/31/31 INR 58.11
SUNWORLD SOLAR POWER PVT 0.01 08/31/46 INR 15.17
SURBHI INVESTMENTS & TRA 2.50 10/21/28 INR 73.74
SUTARA ROADS & INFRA LTD 0.01 08/31/30 INR 58.54
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.63
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.63
SVOGL OIL GAS & ENERGY L 5.00 08/17/15 USD 0.61
TATA SMARTFOODZ LTD 0.01 04/18/26 INR 74.48
TATA SMARTFOODZ LTD 0.01 06/28/26 INR 73.27
TATA SMARTFOODZ LTD 0.01 08/19/26 INR 72.38
TN URJA PVT LTD 0.10 02/22/36 INR 34.80
JAPAN
-----
AVANSTRATE INC 0.20 10/29/32 JPY 9.75
HIS CO LTD 0.58 02/19/27 JPY 65.06
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 0.52 05/27/22 JPY 60.00
UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 55.06
UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 42.43
UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 37.62
UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 34.38
UNIZO HOLDINGS CO LTD 1.10 11/28/24 JPY 32.96
UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 30.00
UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 23.55
UNIZO HOLDINGS CO LTD 1.50 11/26/27 JPY 24.20
WATSUN INFRABUILD PVT LT 4.00 10/16/37 INR 62.22
YBRANT ENGINEERING & CON 0.01 05/07/31 INR 50.03
MALAYSIA
--------
ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.59
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.27
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.26
CAPITAL A BHD 8.00 12/29/28 MYR 0.68
ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.08
HUME CEMENT INDUSTRIES B 5.00 05/29/24 MYR 1.42
MALAYAN FLOUR MILLS BHD 5.00 01/24/24 MYR 1.21
PENGURUSAN AIR SPV BHD 1.00 09/28/35 MYR 64.72
PENGURUSAN AIR SPV BHD 1.00 11/05/35 MYR 64.44
PENGURUSAN AIR SPV BHD 1.00 02/05/36 MYR 64.58
PENGURUSAN AIR SPV BHD 1.00 11/11/36 MYR 62.07
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 19.30
SCANWOLF CORP BHD 3.00 08/04/26 MYR 0.31
SD INTERNATIONAL SUKUK I 7.00 03/12/25 USD 9.17
SD INTERNATIONAL SUKUK L 6.30 05/09/22 USD 9.89
YB VENTURES BHD 0.10 09/05/26 MYR 0.06
PHILIPPINES
-----------
BAYAN TELECOMMUNICATIONS 15.00 07/15/06 USD 17.28
SINGAPORE
---------
APL REALTY HOLDINGS PTE 5.95 06/02/24 USD 57.57
ASL MARINE HOLDINGS LTD 3.00 03/28/25 SGD 41.51
ASL MARINE HOLDINGS LTD 3.00 10/01/26 SGD 41.50
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.60
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.60
BANYAN TREE HOLDINGS LTD 7.50 08/06/22 SGD 1.21
BLD INVESTMENTS PTE LTD 8.63 03/23/15 USD 6.75
DAVOMAS INTERNATIONAL FI 11.00 05/09/11 USD 0.62
DAVOMAS INTERNATIONAL FI 11.00 05/09/11 USD 0.62
DAVOMAS INTERNATIONAL FI 11.00 12/08/14 USD 0.57
DAVOMAS INTERNATIONAL FI 11.00 12/08/14 USD 0.57
ENERCOAL RESOURCES PTE L 9.25 08/05/14 USD 45.75
ETERNA CAPITAL PTE LTD 8.00 12/11/22 USD 43.43
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 13.85
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 16.45
INDO INFRASTRUCTURE GROU 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE LTD 6.00 12/11/24 USD 36.17
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 15.00
JGC VENTURES PTE LTD 3.00 06/30/25 USD 52.02
MICLYN EXPRESS OFFSHORE 8.75 11/25/18 USD 0.61
MODERNLAND OVERSEAS PTE 3.00 04/30/27 USD 45.61
MULHACEN PTE LTD 6.50 08/01/23 EUR 51.60
MULHACEN PTE LTD 6.50 08/01/23 EUR 51.67
NT RIG HOLDCO PTE LTD 7.50 12/31/23 USD 11.53
ORO NEGRO DRILLING PTE L 7.50 01/24/19 USD 2.23
PACIFIC RADIANCE LTD 4.30 03/31/20 SGD 10.00
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SSMS PLANTATION HOLDINGS 7.75 01/23/23 USD 65.78
SWIBER CAPITAL PTE LTD 6.25 10/30/17 SGD 4.20
SWIBER CAPITAL PTE LTD 6.50 08/02/18 SGD 4.20
SWIBER HOLDINGS LTD 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
SOUTH KOREA
-----------
FIRST 5G SECURITIZATION 1.71 02/28/25 KRW 27.06
FIRST 5G SECURITIZATION 1.89 11/28/25 KRW 27.42
HEUNGKUK FIRE & MARINE I 5.70 12/29/46 KRW 44.50
KIBO ABS SPECIALTY CO LT 5.00 02/24/23 KRW 73.02
KIBO ABS SPECIALTY CO LT 5.00 02/24/23 KRW 73.89
KIBO ABS SPECIALTY CO LT 5.00 02/09/24 KRW 74.19
KIBO ABS SPECIALTY CO LT 5.00 02/24/24 KRW 70.98
KOREA EAST-WEST POWER CO 1.42 10/07/49 KRW 70.38
KOREA EXPRESSWAY CORP 1.32 08/22/49 KRW 72.36
KOREA HYDRO & NUCLEAR PO 1.58 10/16/49 KRW 74.98
KOREA LAND & HOUSING COR 1.28 08/23/49 KRW 71.36
KOREA MIDLAND POWER CO L 1.53 02/25/50 KRW 72.27
KOREA RAIL NETWORK AUTHO 1.46 09/27/49 KRW 74.86
KOREA RAILROAD CORP 1.44 07/26/49 KRW 73.90
KOREA RAILROAD CORP 1.31 08/29/49 KRW 71.98
KOREA RAILROAD CORP 1.47 09/19/49 KRW 74.94
KOREA SOUTH-EAST POWER C 1.65 06/11/50 KRW 74.29
KOREA SOUTHERN POWER CO 1.29 08/13/49 KRW 67.82
KOREA SOUTHERN POWER CO 1.63 12/19/49 KRW 74.23
KOREA SOUTHERN POWER CO 1.68 06/25/50 KRW 74.84
KOREA TREASURY BOND 1.50 09/10/66 KRW 71.29
KOREA TREASURY BOND 1.63 09/10/70 KRW 73.66
KOREA WATER RESOURCES CO 3.40 05/28/40 KRW 53.88
KOREA WESTERN POWER CO L 1.62 05/28/50 KRW 73.77
KOREA WESTERN POWER CO L 1.68 08/27/50 KRW 74.88
LOTTE CARD CO LTD 3.95 06/28/49 KRW 41.03
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 SPE 5.00 02/23/22 KRW 70.71
SINBO SECURITIZATION SPE 5.00 06/27/22 KRW 64.86
SINBO SECURITIZATION SPE 5.00 07/24/22 KRW 64.06
SINBO SECURITIZATION SPE 5.00 07/26/22 KRW 64.03
SINBO SECURITIZATION SPE 5.00 08/29/22 KRW 64.16
SINBO SECURITIZATION SPE 5.00 08/31/22 KRW 64.26
SINBO SECURITIZATION SPE 5.00 09/26/22 KRW 63.21
SINBO SECURITIZATION SPE 5.00 12/25/22 KRW 72.83
SINBO SECURITIZATION SPE 5.00 01/25/23 KRW 61.75
SINBO SECURITIZATION SPE 5.00 01/29/23 KRW 72.56
SINBO SECURITIZATION SPE 5.00 06/27/23 KRW 65.55
SINBO SECURITIZATION SPE 5.00 06/30/23 KRW 65.53
SINBO SECURITIZATION SPE 5.00 07/24/23 KRW 65.37
SINBO SECURITIZATION SPE 5.00 07/29/23 KRW 65.35
SINBO SECURITIZATION SPE 5.00 08/29/23 KRW 66.34
SINBO SECURITIZATION SPE 5.00 08/29/23 KRW 66.34
SINBO SECURITIZATION SPE 5.00 09/26/23 KRW 66.02
SINBO SECURITIZATION SPE 5.00 09/26/23 KRW 66.02
SINBO SECURITIZATION SPE 5.00 09/26/23 KRW 66.02
SINBO SECURITIZATION SPE 5.00 09/29/23 KRW 65.99
SINBO SECURITIZATION SPE 5.00 10/24/23 KRW 65.67
SINBO SECURITIZATION SPE 5.00 10/24/23 KRW 65.67
SINBO SECURITIZATION SPE 3.00 11/21/23 KRW 63.61
SINBO SECURITIZATION SPE 5.00 11/21/23 KRW 66.59
SINBO SECURITIZATION SPE 4.00 12/25/23 KRW 64.65
SINBO SECURITIZATION SPE 4.00 12/25/23 KRW 64.65
SINBO SECURITIZATION SPE 5.00 12/25/23 KRW 73.05
SINBO SECURITIZATION SPE 5.00 12/29/23 KRW 69.77
SINBO SECURITIZATION SPE 3.00 01/29/24 KRW 68.70
SINBO SECURITIZATION SPE 4.00 01/29/24 KRW 70.73
SINBO SECURITIZATION SPE 4.00 01/29/24 KRW 70.73
SINBO SECURITIZATION SPE 5.00 01/29/24 KRW 74.26
SINBO SECURITIZATION SPE 5.00 02/27/24 KRW 66.73
SINBO SECURITIZATION SPE 5.00 02/29/24 KRW 74.25
SINBO SECURITIZATION SPE 4.00 04/15/24 KRW 65.06
SINBO SECURITIZATION SPE 4.00 06/30/24 KRW 65.73
SINBO SECURITIZATION SPE 4.00 06/30/24 KRW 65.73
SINBO SECURITIZATION SPE 5.00 06/30/24 KRW 67.55
SINBO SECURITIZATION SPE 4.00 07/29/24 KRW 65.51
SINBO SECURITIZATION SPE 5.00 07/29/24 KRW 67.30
SINBO SECURITIZATION SPE 5.00 07/29/24 KRW 67.30
SINBO SECURITIZATION SPE 4.00 08/28/24 KRW 66.25
SINBO SECURITIZATION SPE 4.00 08/28/24 KRW 66.25
SINBO SECURITIZATION SPE 5.00 08/28/24 KRW 68.26
SINBO SECURITIZATION SPE 4.00 09/29/24 KRW 65.96
SINBO SECURITIZATION SPE 4.00 09/29/24 KRW 65.96
SINBO SECURITIZATION SPE 5.00 09/29/24 KRW 67.95
SINBO SECURITIZATION SPE 4.00 11/27/24 KRW 68.94
SINBO SECURITIZATION SPE 4.00 11/27/24 KRW 68.94
SINBO SECURITIZATION SPE 5.00 11/27/24 KRW 71.05
SINBO SECURITIZATION SPE 5.00 11/27/24 KRW 71.05
SINBO SECURITIZATION SPE 4.00 12/29/24 KRW 74.84
SINBO SECURITIZATION SPE 4.00 12/29/24 KRW 74.84
SINBO SECURITIZATION SPE 4.00 01/29/25 KRW 74.66
SINBO SECURITIZATION SPE 4.00 02/28/25 KRW 74.56
SK TELECOM CO LTD 1.56 07/29/49 KRW 73.88
SRI LANKA
---------
SRI LANKA DEVELOPMENT BO 4.86 03/16/23 USD 72.81
SRI LANKA DEVELOPMENT BO 6.62 03/16/23 USD 74.47
SRI LANKA DEVELOPMENT BO 4.73 05/01/23 USD 70.48
SRI LANKA DEVELOPMENT BO 4.77 05/01/23 USD 70.52
SRI LANKA DEVELOPMENT BO 5.66 05/01/23 USD 71.34
SRI LANKA DEVELOPMENT BO 6.69 05/01/23 USD 72.27
SRI LANKA DEVELOPMENT BO 6.70 05/01/23 USD 72.28
SRI LANKA DEVELOPMENT BO 6.71 05/01/23 USD 72.29
SRI LANKA DEVELOPMENT BO 7.65 05/01/23 USD 73.13
SRI LANKA DEVELOPMENT BO 7.75 05/01/23 USD 73.22
SRI LANKA DEVELOPMENT BO 7.95 05/01/24 USD 60.54
SRI LANKA DEVELOPMENT BO 7.98 05/01/24 USD 60.59
SRI LANKA DEVELOPMENT BO 7.99 05/01/24 USD 60.60
SRI LANKA DEVELOPMENT BO 8.00 05/01/24 USD 60.74
SRI LANKA DEVELOPMENT BO 5.98 01/22/25 USD 51.71
SRI LANKA DEVELOPMENT BO 6.02 01/22/25 USD 51.78
SRI LANKA DEVELOPMENT BO 6.05 01/22/25 USD 51.83
SRI LANKA DEVELOPMENT BO 5.41 01/22/25 USD 52.24
SRI LANKA DEVELOPMENT BO 6.50 01/22/25 USD 52.62
SRI LANKA DEVELOPMENT BO 6.75 01/22/25 USD 53.06
SRI LANKA DEVELOPMENT BO 6.80 01/22/25 USD 53.15
SRI LANKA DEVELOPMENT BO 6.82 01/22/25 USD 53.18
SRI LANKA DEVELOPMENT BO 6.87 01/22/25 USD 53.27
SRI LANKA DEVELOPMENT BO 6.99 01/22/25 USD 53.48
SRI LANKA DEVELOPMENT BO 7.68 01/22/25 USD 54.69
SRI LANKA DEVELOPMENT BO 7.82 01/22/25 USD 54.93
SRI LANKA DEVELOPMENT BO 7.60 07/30/26 USD 48.73
SRI LANKA DEVELOPMENT BO 8.00 07/30/26 USD 49.64
SRI LANKA GOVERNMENT INT 5.75 04/18/23 USD 52.69
SRI LANKA GOVERNMENT INT 5.75 04/18/23 USD 52.88
SRI LANKA GOVERNMENT INT 6.85 03/14/24 USD 51.49
SRI LANKA GOVERNMENT INT 6.85 03/14/24 USD 51.58
SRI LANKA GOVERNMENT INT 6.35 06/28/24 USD 51.47
SRI LANKA GOVERNMENT INT 6.35 06/28/24 USD 51.61
SRI LANKA GOVERNMENT INT 6.13 06/03/25 USD 51.81
SRI LANKA GOVERNMENT INT 6.13 06/03/25 USD 51.83
SRI LANKA GOVERNMENT INT 6.85 11/03/25 USD 51.59
SRI LANKA GOVERNMENT INT 6.85 11/03/25 USD 51.60
SRI LANKA GOVERNMENT INT 6.83 07/18/26 USD 49.36
SRI LANKA GOVERNMENT INT 6.83 07/18/26 USD 49.43
SRI LANKA GOVERNMENT INT 6.20 05/11/27 USD 47.64
SRI LANKA GOVERNMENT INT 6.20 05/11/27 USD 47.64
SRI LANKA GOVERNMENT INT 6.75 04/18/28 USD 47.61
SRI LANKA GOVERNMENT INT 6.75 04/18/28 USD 47.65
SRI LANKA GOVERNMENT INT 7.85 03/14/29 USD 47.56
SRI LANKA GOVERNMENT INT 7.85 03/14/29 USD 47.61
SRI LANKA GOVERNMENT INT 7.55 03/28/30 USD 47.63
SRI LANKA GOVERNMENT INT 7.55 03/28/30 USD 47.63
SRILANKAN AIRLINES LTD 7.00 06/25/24 USD 52.86
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,
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Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
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Editors.
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