/raid1/www/Hosts/bankrupt/TCRAP_Public/220329.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 29, 2022, Vol. 25, No. 57
Headlines
A U S T R A L I A
EMPOWERED SOLAR: First Creditors' Meeting Set for April 7
GRIFFIN COAL: Charged for Breaching Financial Reporting
LENTIL AS: Second Creditors' Meeting Set for April 5
SUN KITCHEN: Second Creditors' Meeting Set for April 5
C H I N A
CHINA GRAND: Fitch Lowers LT Foreign Currency IDR to 'B-'
POWERLONG REAL: Moody's Cuts CFR to B2, Under Review for Downgrade
POWERLONG REAL: S&P Lowers LT ICR to 'B+', Outlook Negative
I N D I A
4 GENIUS: ICRA Keeps D Debt Ratings in Not Cooperating Category
A. P. FASHIONS: CARE Lowers Rating on INR9.24cr ST Loan to D
ANIL KUMAR: CRISIL Withdraws B Rating on INR10cr Debt
BABA PURAN: Ind-Ra Keeps tB Term Loan Rating in Non-Cooperating
BURGEON VERTICALS: CRISIL Lowers Rating on INR22cr Loan to D
CH.GOWRI SHANKAR: Ind-Ra Affirms 'BB+' Long-Term Issuer Rating
EASTERN AUTOMOTIVE: CARE Lowers Rating INR8cr LT Loan to C
ECSTASY REALTY: CARE Keeps C Debt Ratings in Not Cooperating
EDWARD FOOD: ICRA Raises Rating on INR36cr NCD to B-
FORTUNE BELLA: ICRA Keeps B- Debt Rating in Not Cooperating
FORTUNE MULTITECH: Ind-Ra Moves 'BB-' Rating to Non-Cooperating
GPR INFRA: CARE Withdraws D Debt Ratings on LT/ST Bank Debts
HAZARIBAGH RANCHI: Ind-Ra Affirms 'D' Non-Convertible Debt Rating
INCODA: CRISIL Keeps B Debt Ratings in Not Cooperating
JAIN IRRIGATION: Ind-Ra Affirms 'D' Long-Term Issuer Rating
JANA HOLDINGS: Ind-Ra Affirms 'B+' Non-Convertible Rating
KOLKATA MUNICIPAL: CRISIL Cuts Corporate Credit Rating to B+
PALA DIOCESAN: Ind-Ra Affirms BB- Loan Rating, Outlook Stable
PERFECT INFRA: CRISIL Keeps B- Debt Ratings in Not Cooperating
PIONEER FINANCE: CRISIL Lowers Rating on INR25cr LT Loan to B+
PRAVEEN AROMA: Ind-Ra Moves 'B+' Issuer Rating to Non-Cooperating
PRECA SOLUTIONS: Ind-Ra Moves 'BB' Issuer Rating to Non-Cooperating
RAGHU EDUCATIONAL: CRISIL Hikes Rating on INR3.5cr Loan to B-
RAMA AUTO: CRISIL Keeps B Debt Ratings in Not Cooperating
RAMADA ALLEPPEY: CRISIL Keeps D Debt Ratings in Not Cooperating
RAMI CHANDIDAS: CRISIL Keeps B Debt Ratings in Not Cooperating
ROJA NOTE: CRISIL Keeps B+ Debt Ratings in Not Cooperating
SANCHETI COTEX: CRISIL Withdraws B+ Rating on INR10cr Cash Loan
SANSUN INDUSTRIES: CRISIL Withdraws B+ Rating on INR13.95cr Loan
SHOPPERS INTERNATIONAL: CRISIL Ups Rating on INR27cr Loan to B-
SOLAIMALAI ENTERPRISES: Ind-Ra Assigns 'BB' LT Issuer Rating
STANZEN ENGINEERING: Ind-Ra Moves 'B-' Rating to Non-Cooperating
STELLA UDYOG: CARE Lowers Rating on INR7cr LT/ST Loan to C/A4
SURANA META: Ind-Ra Keeps 'B' LT Issuer Rating in Non-Cooperating
SURANA METACAST: CRISIL Withdraws D Rating on INR8.48cr Loan
SURESH ANGADI: CARE Moves D Debt Rating to Not Cooperating
SURYA ELECTRO: CRISIL Withdraws B+ Rating on INR3.56cr LT Loan
VISHESH OVERSEAS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
N E W Z E A L A N D
116 CALLISTO: Creditors' Proofs of Debt Due on May 6
B.J. VINEYARD: Creditors' Proofs of Debt Due on April 20
CW2020 LIMITED: Creditors' Proofs of Debt Due on April 28
FOOD COMPANY: Court to Hear Wind-Up Petition on April 4
POOLS PLUS: Creditors' Proofs of Debt Due on April 21
S I N G A P O R E
NEXT DISTRIBUTION: Court to Hear Wind-Up Petition on April 1
QUANT IMPEX: Court to Hear Wind-Up Petition on April 8
SUN-BAKED PTE: Creditors' Proofs of Debt Due on April 22
TITAN SUPPLY: Creditors' Proofs of Debt Due on April 25
TMG PROJECTS: Court Enters Wind-Up Order
S O U T H K O R E A
SSANGYONG MOTOR: Edison's Acquisition Fails on Payment Failure
X X X X X X X X
[*] BOND PRICING: For the Week March 21, 2022 to March 25, 2022
- - - - -
=================
A U S T R A L I A
=================
EMPOWERED SOLAR: First Creditors' Meeting Set for April 7
---------------------------------------------------------
A first meeting of the creditors in the proceedings of Empowered
Solar Solutions Pty Ltd will be held on April 7, 2022, at 10:30
a.m. via virtual meeting technology.
Bill Cotter of Robson Cotter Insolvency Group was appointed as
administrator of Empowered Solar on
March 28, 2022.
GRIFFIN COAL: Charged for Breaching Financial Reporting
-------------------------------------------------------
The Griffin Coal Mining Company has been charged with failing to
meet its financial reporting obligations and have the required
number of company officers.
Australian Securities and Investments Commission (ASIC) alleges
that Griffin Coal failed to lodge annual reports with ASIC for its
financial years ended March 31, 2018, March 31, 2019, March 31,
2020 and March 31, 2021 within the required timeframes.
ASIC further alleges that, between Sept. 28, 2018 to Dec. 6, 2021,
Griffin Coal also failed to meet the legal requirement to have at
least one director who resides in Australia.
As a large proprietary company, Griffin Coal is required by law to
provide financial reports to ASIC and meet minimum officeholder
requirements. These rules are in place to promote investor
confidence and support the integrity of Australia's financial
system.
The matter was heard in the Perth Magistrates Court on March 25,
2022 and was adjourned to May 20, 2022.
The matter is being prosecuted by the Commonwealth Director of
Public Prosecutions following a referral from ASIC.
Griffin Coal was first charged in June 2021 for failing to lodge
two annual financial reports.
Failure to lodge full-year financial reports with ASIC is a breach
of section 319(1) of the Corporations Act 2001. The maximum penalty
for an offence committed on or after July 1, 2017 is AUD126,000.
The maximum penalty for an offence committed on or after March 13,
2019 is AUD252,000.
Failing to meet minimum officeholder requirements is a breach of
sections 201A(1) of the Corporations Act 2001. The maximum penalty
for an offence committed on or after July 1, 2020 is AUD42,000.
Based in Australia, The Griffin Coal Mining Company Pty Ltd --
http://www.griffincoal.com.au/-- is engaged in coal mining and
processing. Griffin Coal operates major mines in the Collie area,
approximately 220 kilometers south east of Perth. The Company is
producing more than three million tons of coal per year. Griffin
Coal has operations at Ewington Mine, Muja Mine and Buckingham
Mine.
LENTIL AS: Second Creditors' Meeting Set for April 5
----------------------------------------------------
A second meeting of creditors in the proceedings of Lentil As
Anything Ltd has been set for April 5, 2022, at 2:30 p.m. via
virtual meeting technology.
The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.
Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by April 4, 2022, at 5:00 p.m.
Matthew Kucianski of Worrells Solvency & Forensic Accountants was
appointed as administrator of Lentil As Anything on Feb. 28, 2022.
SUN KITCHEN: Second Creditors' Meeting Set for April 5
------------------------------------------------------
A second meeting of creditors in the proceedings of Sun Kitchen F&B
(Melbourne) Proprietary Limited, formerly traded as "The Point
Albert Park Lake" and "Hidden Jade" has been set for April 5, 2022,
at 11:00 a.m. via Zoom.
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 April 4, 2022, at 4:00 p.m.
Henry McKenna and Steven Staatz of Vincents were appointed as
administrators of Sun Kitchen on March 1, 2022.
=========
C H I N A
=========
CHINA GRAND: Fitch Lowers LT Foreign Currency IDR to 'B-'
---------------------------------------------------------
Fitch Ratings has downgraded auto dealer China Grand Automotive
Services Group Co., Ltd.'s (CGA) Long-Term Foreign-Currency Issuer
Default Rating to 'B-' from 'B' and its senior unsecured rating to
'B-' from 'B', with the Recovery Rating remaining at 'RR4'. The
Rating Watch Negative (RWN) has been maintained on all ratings. A
full list of rating actions is at the end of this rating action
commentary.
The downgrade reflects that the company's liquidity will
deteriorate following substantial debt maturities. Fitch expects
CGA to use readily available cash to fully repay the US dollar
notes due in April 2022. The company was able to refinance part of
the debt that matured in February and March 2022, but it used more
cash for repayment than Fitch expected. CGA remains highly reliant
on short-term debt and continues to lack access to additional
long-term funding, while there is more debt maturing in 2022.
The RWN reflects the potential of further negative rating action if
CGA does not make progress in repaying its significant debt
maturities.
KEY RATING DRIVERS
Erosion of Cash Buffers: Fitch expects CGA's liquidity to
deteriorate if upcoming capital-market maturities are repaid fully
with cash. CGA's next significant capital-market maturity is the
USD253 million 8.625% notes due April 2022. It also has an onshore
syndicated loan due in June 2022. CGA made progress in the past
month in refinancing part of its debt, but liquidity is weaker than
Fitch expected because CGA used a larger amount of readily
available cash than Fitch anticipated to make debt payments.
Management intends to repay the US dollar notes due in April 2022
by refinancing or cash in hand, but Fitch believes the use of cash
without replenishment will further reduce its liquidity buffers.
Operational Challenges: Fitch expects the company to face
difficulties in rebuilding incremental inventory if liquidity
tightens further as prepayments and cash pledged against bank
acceptance bills are required for inventory purchases when vehicle
purchase demand resumes. Lower liquidity may hinder CGA's ability
to take advantage of any industry recovery compared with
better-capitalized peers in a competitive market.
Fitch expects the recent Covid-19 control measures in China to have
a limited impact on CGA's profitability and liquidity, as the
company has a wide distribution network and a substantial revenue
contribution from after-sales services, which are less cyclical and
have higher margin. The company also has some temporary support
from banks and auto original equipment manufacturers (OEMs), which
give it some flexibility in working-capital funding.
Reliant on Short-Term Financing: CGA has become increasingly
reliant on short-term debt since 2020. The proportion of short-term
debt in CGA's capital structure increased after excluding the
current portion of long-term debt and loans from auto OEMs
associated with inventory financing. Its reliance on short-term
financing may persist if it cannot secure additional long-term
refinancing and is a constraint on the rating. An improvement in
the debt maturity profile would be evidence of more diversified
funding access.
DERIVATION SUMMARY
CGA's ratings are supported by its leading market position and
large operating scale, but are constrained by high leverage and
concentrated debt maturity. Peers include Zhongsheng Group Holdings
Limited (BBB-/Positive), China's second-largest auto dealership,
and AutoNation, Inc. (BBB-/Stable), the largest automotive retailer
in the US. CGA's scale is similar to both peers', but it has weaker
profitability, higher leverage as well as lower financial
flexibility and other metrics.
CGA and eHi Car Services Limited (B+/Stable) are both leading
companies in their sectors - eHi is China's second-largest
car-rental company - but both are constrained by their financial
structures. CGA has a larger operating scale, but its financial
flexibility is limited compared with that of eHi.
KEY ASSUMPTIONS
-- Revenue to decline by low single digits in 2022 and recover
from 2023 (2020: -7%);
-- CGA's EBITDA margin to slowly recover and average at 5.4% over
2023-2024 (2020: 4.2%);
-- Capex (inclusive of M&A) to slow in 2022 and average at CNY2.2
billion per year over 2023-2024 (2020: CNY2.6 billion);
-- No dividend pay-out in the medium term.
Recovery Rating Assumptions:
-- Apply the going-concern value, as it is higher than
liquidation value;
-- A 25% discount for the 2023 rating-case EBITDA;
-- 5x EBITDA multiple to going-concern EBITDA;
-- 10% administrative claim.
The allocation of value in the liability waterfall results in
recovery corresponding to an 'RR4' Recovery Rating for offshore
senior unsecured debts.
RATING SENSITIVITIES
Factor that could, individually or collectively, lead to positive
rating action/upgrade:
-- The RWN would be removed upon successful repayment of the
upcoming debt maturities.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
-- Further deterioration in liquidity;
-- Weakened operating cash flow due to deterioration in business
operations;
-- Operating EBITDAR/interest paid plus rental (adjusted for
leasing) below 1.5x for a sustained period (2020: 2x).
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.
LIQUIDITY AND DEBT STRUCTURE
Large Maturities: CGA had unrestricted cash of CNY13.7 billion,
against CNY44.3 billion in short-term borrowings as of end-June
2021. The short-term borrowings include perpetual securities that
are callable every six months, in line with Fitch's criteria.
However, the exercise of the call option is at the company's
discretion and Fitch does not assume the securities will be called
in its liquidity analysis. The company redeemed part of the
perpetual securities in July 2021 and USD261 million remains
outstanding. CGA had unused bank credit facilities of CNY36.5
billion at end-December 2021, and it issued a CNY500 million
onshore corporate bond in December 2021 and drew down on a USD130
million new syndicated loan in March 2022.
ISSUER PROFILE
CGA is the largest auto dealership in China, with more than 795
outlets across China covering more than 50 brands as of June 2021.
CGA is listed on the Shanghai Stock Exchange.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.
POWERLONG REAL: Moody's Cuts CFR to B2, Under Review for Downgrade
------------------------------------------------------------------
Moody's Investors Service has downgraded Powerlong Real Estate
Holdings Limited's corporate family rating to B2 from B1 and senior
unsecured rating to B3 from B2.
Moody's has also placed the ratings on review for further
downgrade. The previous rating outlook was stable.
"The downgrade reflects Moody's concerns over Powerlong's weakening
access to funding and increased liquidity risks following its
recent change in auditor as well as a likely delay in reporting its
2021 audited financials," says Cedric Lai, a Moody's Vice President
and Senior Analyst.
"The review for downgrade reflects the uncertainty over Powerlong's
access to funding and its ability to publish timely and credible
audited financial statements," adds Lai.
RATINGS RATIONALE
On March 24, 2022, Powerlong announced the resignation of
PricewaterhouseCoopers as its auditor with effect on March 24, 2022
and the appointment of Elite Partners CPA Limited as its new
auditor. [1]
The company said it will unlikely publish the audited financials by
March 31, 2022 as required by the Hong Kong Stock Exchange listing
rule. However, the company said it will publish its annual
unaudited preliminary financial results on March 31, 2022.
Moody's views that the change in auditor at a time so close to the
original results announcement date on March 31, 2022 raises
concerns over the company's corporate transparency and governance
practice. This will likely worsen Powerlong's funding access, and
thereby, increase its liquidity and refinancing risks over the next
6-12 months amid a tight funding environment.
The B3 senior unsecured debt rating is one notch lower than
Powerlong's CFR due to structural subordination risk. This risk
reflects the fact that the majority of claims are at the operating
subsidiaries and have priority over Powerlong's senior unsecured
claims in a bankruptcy scenario. In addition, the holding company
lacks significant mitigating factors for structural subordination.
As a result, the likely recovery rate for claims at the holding
company will be lower.
In terms of environmental, social and governance (ESG) factors,
Moody's has considered the company's concentrated ownership in its
controlling shareholders, Hoi Kin Hong and Hoi Wa Fong, who
together held a 59% stake in the company as of June 30, 2021. The
delay in the release of audited financial results raises concerns
over the company's transparency and information disclosure, which
is part of Moody's governance considerations.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
Moody's review will focus on assessing (1) the timeliness and
quality of Powerlong's disclosure of its 2021 full-year audited
financial statements; (2) any further impact on its access to
funding; and (3) its general corporate governance practice.
Moody's could confirm the ratings if Powerlong disclosed its 2021
audited accounts in a timely manner without any adverse financial
trends, the company's operations proved to be resilience, and its
liquidity remained adequate amid difficult operating and funding
conditions.
On the other hand, Moody's could downgrade Powerlong's ratings if
the company is not able to publish its 2021 annual audited results
on a timely basis, or there are signs of weakening in its
liquidity, credit metrics or general governance practice.
The principal methodology used in these ratings was Homebuilding
And Property Development Industry published in January 2018.
Powerlong Real Estate Holdings Limited is a Chinese property
developer focused on building large-scale integrated residential
and commercial properties in China. The company, which is 59% owned
by the founding Hoi family as of June 30, 2021, listed on the Hong
Kong Exchange in October 2009.
As of June 30, 2021, Powerlong's land bank for development totaled
around 37.8 million square meters in gross floor area under
development and for future development.
POWERLONG REAL: S&P Lowers LT ICR to 'B+', Outlook Negative
-----------------------------------------------------------
S&P Global Ratings lowered the long-term issuer credit rating on
China-based developer Powerlong Real Estate Holdings Ltd. to 'B+'
from 'BB-'. The outlook is negative. S&P also lowered the long-term
issue rating on the company's outstanding senior unsecured notes to
'B' from 'B+'.
S&P said, "Subsequently, we suspended all the above ratings on a
lack of sufficient information. We may reinstate our ratings once
we are provided with an audited financial report to determine the
company's creditworthiness.
"We downgraded Powerlong because we consider the company's delay in
publishing audited reports and the unexpected change in its auditor
to indicate reduced financial transparency and corporate
governance. We now assess the company's management and governance
as weak, from our previous assessment of fair.
"We subsequently suspended all of our ratings on Powerlong, given a
lack of sufficient, timely, and reliable information to maintain
our ratings."
On March 24, 2022, Powerlong announced a change of auditor from
PricewaterhouseCoopers to Elite Partners. The company will delay
the publication of audited annual results for 2021. It will only
publish unaudited accounts before March 31, which is the deadline
to file financial statements under the Hong Kong stock exchange's
listing rules. Powerlong expects its new auditor to complete the
audit and deliver an opinion by May 15, 2022.
S&P said, "Given this, we will not have reliable financial
information that is examined by a third party to assess the
company's creditworthiness before the audit is completed and an
audited report issued.
"We believe Powerlong may face debt acceleration, including for its
U.S. dollar senior notes and offshore syndication loans, if it
fails to publish an audited financial report by the end of April
2022. The delay in publishing may also adversely affect
capital-market confidence in the company, and the refinancing
prospects for its onshore and offshore borrowings.
"We may reinstate our ratings once we are provided with an audited
financial report, and reliable and sufficient information to
determine Powerlong's creditworthiness.
"At the time of suspension, the negative outlook reflected our view
of Powerlong's weakened information transparency and higher
refinancing pressure following the delay in publishing its
financial statement."
ESG credit indicators: To E-3, S-2, G-5; From E-3, S-2, G-3
S&P changed the governance factor to reflect the weakness in
Powerlong's financial reporting and transparency. S&P now sees the
factor as a very negative consideration in our credit rating
analysis.
Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:
-- Governance – Transparency and reporting
=========
I N D I A
=========
4 GENIUS: ICRA Keeps D Debt Ratings in Not Cooperating Category
---------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of 4 Genius
Minds in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based- 45.00 [ICRA]D; ISSUER NOT COOPERATING;
Rating Continues to remain under
'Issuer Not Cooperating'
Category
Unallocated 20.00 [ICRA]D; 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 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.
Incorporated in 2006 as a partnership firm by Mr. Aditya Agarwal
and Mr. Abhishek Agarwal, 4 Genius Minds (4GM) was an Apple
Solution Expert; one of the 14 partners authorized by Apple Inc. in
India till FY16. In current financial year the firm has been listed
as an Apple System Integrator (one among the 4 all over India). The
firm has centres across India with two centres in Delhi while one
each in Hyderabad, Shimla, Kolkata, Bangalore, and Jalandhar. The
firm also has a group firm named 4 Genius Minds Private Limited
which majorly caters to the retail clients.
A. P. FASHIONS: CARE Lowers Rating on INR9.24cr ST Loan to D
------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
A. P. Fashions Private Limited (APFPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 4.00 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category and Revised from
CARE B+; Stable
Short Term Bank 9.24 CARE D; ISSUER NOT COOPERATING
Facilities Rating continues to remain
Under ISSUER NOT COOPERATING
category and Revised from
CARE A4
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated January 29,
2021, placed the rating(s) of APFPL under the 'issuer
non-cooperating' category as APFPL 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. APFPL continues to be noncooperative despite
repeated requests for submission of information through e-mails,
phone calls and a letter/email dated December 15, 2021, December
25, 2021, January 4, 2022, March 17, 2022.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The ratings assigned to the bank facilities of APFPL have been
revised on account of ongoing delays in debt servicing recognized
from publicly available information i.e. Audit report of FY21.
A.P. Fashions Private Limited (APFPL) was incorporated in June 1991
and it is currently being managed by Mr. Ashok Kumar Jhunjhunwala
and Mr. Amit Jhunjhunwala. Since its inception, the company has
been engaged in manufacturing of silk/cotton/polyester fabrics,
garments, scarves, home furnishing and other textile items with an
aggregate installed capacity of 5.75 lakh meters per annum.
Initially, the company has started with silk products; however, it
has diversified into various products like silk/cotton/polyester
fabrics, garments, scarves, home furnishing and other textile items
in last 25 years. The company mainly derives revenue from export
markets (around 80% of TOI in FY19) and rest from domestic market.
The major export destinations of the company are Europe, USA,
Australia, Japan, Taiwan, Hong Kong, Canada, South America,
Singapore, South Korea and U.A.E. The company has its own retail
store at Kolkata, West Bengal. APFPL enjoys the recognition as an
export house from the ministry of commerce, Government of India.
Moreover; the company has availed moratorium from one of its
lenders (Aditya Birla Housing Finance Limited).
ANIL KUMAR: CRISIL Withdraws B Rating on INR10cr Debt
-----------------------------------------------------
CRISIL Ratings has withdrawn its ratings on the bank facilities of
Anil Kumar and Company (AKC) on the request of the company and
receipt of a no objection certificate from its bank. The rating
action is in line with CRISIL Ratings' policy on withdrawal of its
ratings on bank loans.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 100 CRISIL A4/Issuer Not
Cooperating (Withdrawn)
Overdraft Facility 10 CRISIL B/Stable/Issuer Not
Cooperating (Withdrawn)
CRISIL Ratings has been consistently following up with AKC for
obtaining information through letters and emails dated November 13,
2021 and January 12, 2022, among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of AKC. This restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on AKC
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the rating on bank facilities of
AKC continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.
AKC is a partnership firm set up in 1986 by Mr. Anil Kumar Gupta
and Mr. Gyan Prakash Goel in Noida, Uttar Pradesh. The firm
undertakes electrical and civil contracts for government entities.
It is a civil contractor executing projects for GDA, NDA, GNDA and
UPJN. The scope of work includes construction of road, water
supply, drainage and sewerage lines and water treatment
facilities.
Status of non cooperation with previous CRA
AKC has not cooperated with India Ratings And Research Private
Limited (IND) which has marked it non-cooperative via RR dated
03-Dec-2021. The reason provided by IND is non-furnishing of
information by AKC.
BABA PURAN: Ind-Ra Keeps tB Term Loan Rating in Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Baba Puran Dass
Financial Services Ltd.'s term deposits in the non-cooperating
category. The issuer did not participate in the rating exercise
despite continuous requests and follow ups by the agency.
Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will
continue to appear as 'IND tB (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating action is:
-- INR20 mil. Term deposits maintained in non-cooperating
category with IND tB (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The rating was last reviewed on
January 23, 2019. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
COMPANY PROFILE
Incorporated in 1995, Baba Puran Dass Financial Services is a
deposit-taking non-banking financial asset finance company. The
company primarily finances used passenger vehicles and new
two-wheelers on a hire and purchase basis.
BURGEON VERTICALS: CRISIL Lowers Rating on INR22cr Loan to D
------------------------------------------------------------
CRISIL Ratings has downgraded its rating on the long-term bank
facility of Burgeon Verticals Private Limited (BVPL) to 'CRISIL D
Issuer Not Cooperating' from 'CRISIL B+/Stable Issuer Not
Cooperating', as there has been delay in term debt servicing.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Long Term Rating 22 CRISIL D (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL B+/Stable ISSUER NOT
COOPERATING')
CRISIL Ratings has been consistently following up with BVPL for
obtaining information through letters and emails dated March 26,
2021 and September 14, 2021 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of BVPL. This restricts CRISIL's
ability to take a forward-looking view on the credit quality of the
entity. CRISIL Ratings believes that rating action on BVPL is
consistent with 'Assessing Information Adequacy Risk'.
Based on the latest available information, CRISIL Ratings has
downgraded its rating to 'CRISIL D Issuer Not Cooperating' from
'CRISIL B+/Stable Issuer Not Cooperating', as there has been delay
in term debt servicing.
Incorporated in 2013, BVPL manufactures particle boards. The
company is promoted by Mr. Govind Patel and Mr. Bhupendra Limbani
and is based in Kolhapur.
CH.GOWRI SHANKAR: Ind-Ra Affirms 'BB+' Long-Term Issuer Rating
--------------------------------------------------------------
India Rating and Research (Ind-Ra) has affirmed Ch.Gowri Shankar
Infra Build (India) Private Limited's (CHGS) Long-Term Issuer
Rating at 'IND BB+'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR134 mil. (increased from INR104 mil.) Fund-based limit
affirmed with IND BB+/Stable rating; and
-- INR250 mil. (increased from INR150 mil.) Non-fund-based limit
affirmed with IND A4+ rating.
KEY RATING DRIVERS
The affirmation reflects CHGS's continued medium scale of
operations as indicated by revenue of INR2,758 million in FY21
(FY20: INR1,904 million). The growth in revenue was due to
execution of a higher number of orders. The company recorded
revenue of INR1,348 million during 7MFY21. As of February 2022, the
company had an order book of INR6,540 million, which is scheduled
to be completed by August 2022; however, the management expects the
same to be completed in the next one and a half years. Ind-Ra
expects the revenue to increase in FY22 backed by higher execution
of orders.
The ratings are also constrained by CHGS' concentrated order book.
As of February 2022, building projects such as residential, school
and warehouse constituted 90%-95% of the order book, while roads
and irrigation projects accounted for 5%-10%.
The ratings also factor in geographical concentration risk as all
of its projects are based in Telangana.
Liquidity Indicator – Stretched: The average maximum utilization
of the fund-based limits was 78% over the 12 months ended February
2022. There were several instances of overutilization of the
non-fund-based limits (against fixed deposit with bank) over the
same period. Also there have been instances of overutilization of
the fund-based limits during the 12 months ended February 2022,
which were regularized within a day. The company's cash flow from
operations improved, although remained negative, to INR31.34
million in FY21 (FY20: negative INR89.41 million) owing to
favorable changes in working capital. The working capital cycle
improved to 40 days in FY21 (FY20: 51 days) on account of a decline
in the inventory holding period to 36 days (118 days). The cash and
cash equivalents stood at INR20.94 million at FYE21. The company
relies on a single bank for its funding requirements and does not
have exposure to capital markets. However, the company received
sanction for new fund-based and non-fund-based working capital
limits of INR30 million and INR100 million, respectively, on March
11, 2022, which would provide some cushion to the liquidity.
The ratings, however, are supported by CHGS' healthy operating
margin of 7.1% in FY21 (FY20: 7.1%) with a return on capital
employed of 29%. In 7MFY22, the operating margin stood at 6%.
Ind-Ra expects the operating margin to remain at similar levels in
FY22 on the back of execution of high-margin orders.
The ratings are supported by CHGS' comfortable credit metrics as
indicated by interest coverage (operating EBITDA/gross interest
expense) of 6.4x in FY21 (FY20: 4.58x) and net leverage (total
adjusted net debt/operating EBITDAR) of 1.17x (1.94x). The
improvement in the credit metrics was due to an increase in the
EBITDA to INR195 million in FY21 (FY20: INR135.1 million ) and a
decline in debt on account of scheduled repayments. Ind-Ra expects
the credit metrics to remain comfortable in FY22 with the absence
of any major debt-led capex plan.
The ratings also remain supported by the promoter's experience of
three decades in the civil construction business, leading to
established relationships with its customers and suppliers.
RATING SENSITIVITIES
Negative: Any deterioration in operating performance and a further
stress on the liquidity position, leading to the interest coverage
falling below 2x on a sustained basis will be negative for the
ratings.
Positive: A sustained improvement in the operating performance,
along with an improvement in the liquidity position will be
positive for the ratings.
COMPANY PROFILE
Established in 1986 by Gowri Shankar, CHGS is a special class civil
contractor and undertakes civil contract works for buildings,
warehouses, drainage systems and irrigation projects.
EASTERN AUTOMOTIVE: CARE Lowers Rating INR8cr LT Loan to C
----------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Eastern Automotive (EA), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 8.00 CARE C; Stable; ISSUER NOT
Facilities COOPERATING; Rating continues
To remain under ISSUER NOT
COOPERATING category and
Revised from CARE B-; Stable
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated January 27,
2021, placed the rating(s) of EA under the 'issuer non-cooperating'
category as EA 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. EA continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
December 13, 2021, December 23, 2021 and January 2, 2022.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The ratings assigned to the bank facilities of EA have been revised
on account of non-availability of requisite information.
Eastern Automotive was established in March 2007. The objective of
the entity is to manufacture different types of automobile
components like beam, MS channel, MS sheet, axle, rim, suspension,
rim, hydraulic cylinder, fasteners etc. The manufacturing unit of
the entity is located at NH-33, Beliguma, Mango, Dist: East
Singhbhum, Jamshedpur-831018 with an installed capacity of 500
complete trailers per annum of various automobile components. The
entity is also involved in trading of automobile components. The
entity earned around 15% revenue by trading of automobile
components in FY18. Mr. Sanjay Dubey (Proprietor), who has 20 years
of experience in the similar line of business, looks after the day
to day operation of the entity. The entity is further supported by
a team of experienced professionals.
ECSTASY REALTY: CARE Keeps C Debt Ratings in Not Cooperating
------------------------------------------------------------
CARE Ratings said the rating for the bank facilities of Ecstasy
Realty Private Limited (ERPL) continues to remain in the 'Issuer
Not Cooperating ' category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 500.00 CARE C; ISSUER NOT COOPERATING
Facilities Rating continues to remain
under ISSUER NOT COOPERATING
category
Non Convertible 250.00 CARE C; ISSUER NOT COOPERATING
Debentures Rating continues to remain
under ISSUER NOT COOPERATING
category
Non Convertible 600.00 CARE D; ISSUER NOT COOPERATING
Debentures Rating continues to remain
under ISSUER NOT COOPERATING
category
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated March 23, 2020,
placed the rating(s) of ERPL under the 'issuer non-cooperating'
category as ERPL had failed to provide information for monitoring
of the rating. ERPL continues to be non-cooperative despite
repeated requests for submission of information through e-mails,
phone calls and emails dated March 10, 2022, March 8, 2022,
February 15, 2022 and February 5, 2022. In line with the extant
SEBI guidelines, CARE Ratings Ltd. has reviewed the rating on the
basis of the best available information which however, in CARE
Ratings Ltd.'s opinion is not sufficient to arrive at a fair
rating. The rating for the bank facilities and instruments of ERPL
are denoted as CARE D/CARE C; 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 on March 22, 2021, the following were
the rating strengths and weaknesses (updated for the information
available from BSE announcements for listed debts):
Key Rating Weaknesses
* Delays in Debt servicing for the NCD issue: There are ongoing
delays in servicing of the NCD issued by ERPL. As per the BSE
announcements, the principal repayment due on December 27, 2021 has
been delayed. The company has stated that the same shall be paid by
March 27, 2022.
* Sluggishness in sales of Phase-I; albeit expected to improve post
receipt of OC: ERPL had earlier envisaged the OC to be received in
March 2018 which was however received only in December 2018. Hence
the number of flats expected to be sold during FY19 was lower than
that envisaged. However, after receipt of OC, the sales have
gathered momentum and ERPL has been able to sell 8 new flats as
comfort for a buyer is much higher for a flat with ready OC
available. Currently out of 122 available flats, 79 flats have been
sold and the residents have also moved into the apartments.
* Partial dependency on promoter funds for NCD coupon payment:
Due to above postponement of envisaged cashflows, ERPL was totally
dependent on promoter support for repayment of the
quarterly NCD coupon. There are still delays in the servicing of
the NCD issue.
* Nascent stage of Phase-II of the project thereby exposed to
execution risks: For the Phase-II of the project, the land has been
acquired and plan has been submitted to authorities for final
approval which is expected to be received shortly. Given the
nascent stage of construction, with approvals pending, therefore
risk exists pertaining to timely execution of the project. Further,
financial closure towards the same is pending and with significant
proportion of total cost to be funded through customer advances,
funding risk persists.
* Cyclicality in real estate industry: The capital-intensive real
estate industry is highly cyclical in nature. Though reforms
announced recently in real estate sector have been taken in the
right direction, the investor's confidence is yet to pick up. The
major challenges pertaining to clearances, land acquisition,
project delay, liquidity issues, slow sales and pile up of
inventory, are yet to be addressed for complete recovery of the
sector. The recent liquidity crisis in NBFCs (non-banking finance
companies) and HFCs (housing finance companies) affected the real
estate sector, as accessing capital from lenders has become a lot
tougher. However, with the improvement in macro-economic conditions
in the country, the real estate sector is expected to attain a
gradual recovery.
Key Rating Strengths
* Experience and track record of the promoters: Mr. Shobhit J.
Rajan, the promoter of ERPL, has over 20 years' experience in the
construction industry. Mr. Rajan was earlier a Director of Gammon
India Limited and was responsible for procurement, resource raising
and execution of projects. He has also been the recipient of
several industrial accolades. Mr. Rajan is assisted by a team of
experienced management team. Over the years, under the leadership
of Mr. Rajan, the Raiaskaran Group (RG) has been involved in
development of residential and commercial spaces in Mumbai
aggregating to 2 million ft2.
* Prime location of the property in Mumbai real estate market: ERPL
is currently developing a premium residential tower named
"Parthenon" located at J P Road, Versova in Mumbai. Versova is one
of the most prime locations in the Western region of Mumbai. This
residential tower forms Phase-I of the project. ERPL is also
proposing to develop Phase-II which shall be located adjacent to
the "Parthenon" building to be comprising of residential flats,
commercial complex and a club house. The project is located very
close to D.N. Nagar station of Mumbai Metro which provides seamless
East-West suburban connectivity. The neighbourhood is also well
developed with all the urban amenities in proximity including
malls, multiplex, schools, college, restaurants etc. The location
is approximately 5 km from Andheri suburban Railway station and
about 10-15 km from the Mumbai Domestic & International Airport.
Further, the site is well connected by roads through S.V. Road,
Western Express Highway and Jogeshwari-Vikhroli Link Road.
Liquidity: Poor
The liquidity position of ERPL is under stress due to weak cash
accruals vis-à-vis large debt obligations leading to delays in
debt servicing.
Ecstasy Realty Private Limited (ERPL) is a group company of the
Mumbai-based Raiaskaran Group (RG), which was incorporated in the
year 1992. RG, established by Mr. Shobhit Rajan, is into real
estate development of commercial and residential spaces. ERPL is
developing a residential tower named "Parthenon" (MAHARERA
Registration No. P51800008444) located at J P Road, Versova in
Mumbai and having total saleable area of 6.35 lakh sqft. This forms
Phase-I of the proposed development plan of RG in Versova.
EDWARD FOOD: ICRA Raises Rating on INR36cr NCD to B-
----------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Edward
Food Research and Analysis Centre Limited's (EFRAC), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Non-convertible 36.00 [ICRA]B- (Stable); upgraded
Debenture From [ICRA]C+; Stable outlook
Assigned
Rationale
The upgrade of EFRAC's rating considers the sharp increase in its
scale of operations in the current fiscal following the contraction
in FY2021. The robust revenue growth has translated into an
improvement in the cash accruals at an absolute level. The rating
continues to consider the established track record of the Keventer
Group, which supports EFRAC's business position to an extent. The
rating also derives comfort from the reputed client base of EFRAC
and the receipt of accreditations/certifications from major
approving agencies in the food, drugs, and environment division,
which are likely to support the operations, going forward.
The rating, however, remains constrained by the weak financial risk
profile of the company, characterised by an adverse capital
structure, depressed coverage indicators, significant cash losses
suffered over the years and poor liquidity position. The rating is
also impacted by the high debt servicing obligations of the company
compared to the cash accruals generated from the business. Although
the company's revenue is set to increase significantly in the
current fiscal after contracting in FY2021, the overall scale of
operations would remain at a low level. The working capital
intensity of operations has remained high over the years due to a
stretched receivable cycle. However, a significant improvement was
witnessed in FY2021 and the same is likely to improve further in
the current fiscal.
The Stable outlook on the [ICRA]B- rating reflects ICRA's opinion
that EFRAC is expected to maintain its revenue growth while
maintaining the profitability levels.
Key rating drivers and their description
Credit strengths
* Established track record of Keventer Group: EFRAC is a part of
the Keventer Group, which comprises various entities involved in
diversified businesses like real estate, fast moving consumer goods
(FMCG), food products and agro-related businesses. The Group has
supported EFRAC in its operations and has also extended financial
assistance in the form of equity infusion/unsecured loans, as and
when required.
* Accreditation in place from major approving agencies: EFRAC's
testing and research laboratory for food and food products, drugs
and cosmetics, and environment are accredited by major approving
agencies such as USFDA, NABL, BIS and MOEF etc. which act as a
natural entry barrier to potential new entrants in the industry.
The same is likely to support the growth, going forward.
* Reputed clientele: EFRAC's customer base includes prominent
players such as Hindustan Coca Cola Beverages Private Limited,
Nestle India Limited, Cipla Limited, Sun Pharmaceutical Industries
Limited, Food Safety and Standards Authority of India Limited etc.,
reflecting the credibility of its analysis.
Credit challenges
* Weak financial profile characterized by an adverse capital
structure and depressed coverage indicators: EFRAC's net worth,
which stood negative at INR11.65 crore as of March 31, 2021, has
eroded due to the losses incurred over the past years.
Consequently, its capital structure remained adverse with a
negative gearing of 4.14 times as of March 31, 2021 (negative 3.4
times as of September 30, 2021 [unaudited]). The coverage
indicators also remained depressed as reflected by an interest
coverage of 0.42 times and TD/ OPBDITA of 12.74 times as of March
31, 2021.
* Sizeable debt servicing obligations; high coupon rates on NCDs:
EFRAC's NCDs carry a high coupon rate of 18%, leading to a sizeable
interest outgo on a yearly basis. The redemption of the NCDs of
INR48.24 crore (including accrued interest) was deferred to
September 2023 (from December 2021) recently. ICRA notes that the
cash accruals generated from the business would be insufficient to
repay the maturity proceeds and the company would remain dependent
on refinancing and/or promoter support to redeem the same.
* Relatively small scale of operations: EFRAC's top line dipped 13%
to INR16.95 crore in FY2021 due to a ~35% contraction in revenues
from the food products testing division. The drugs and environment
divisions witnessed a growth of ~19% and~11%, respectively during
the same period. However, the company is set to post a substantial
growth in revenues in the current fiscal as it has already
registered sales of INR18.79 crore in 9M FY2022, which is a ~54%
increase on a YoY basis. Despite that, the scale of operations
would continue to remain small.
* High working capital intensity of operations exerts pressure on
the liquidity, however, significant improvement witnessed in the
current fiscal: The company's working capital intensity of
operations remained high over the years, primarily due to elongated
receivable position. Although, the same has improved to 28% in
FY2021 from 62% in FY2020 primarily due to the reduction in
receivables, it still remains at a high level. Nevertheless, ICRA
expects the company's working capital intensity of perations to
improve further in the current fiscal, given various measures
adopted by the company.
Liquidity position: Poor
The liquidity of the company is poor. EFRAC's fund flow from
operations stood negative at INR5.14 crore in FY2021 due to low
absolute profitability and high interest outgo. The company has
incurred a capital expenditure of around INR1.94 crore in FY2022 so
far and is likely to spend around INR3.5 crore on new machines in
FY2023, which would be funded through internal accruals. High
interest outgo, low absolute profitability and regular capex are
expected to keep the liquidity of the company poor in the
near-to-medium term. However, improvement in the working capital
cycle witnessed in the current fiscal, if
sustained, may provide some respite to the company, going forward.
Rating sensitivities
Positive factors – ICRA may upgrade EFRAC's rating if the
company's liquidity position improves significantly on a sustained
basis.
Negative factors – Pressure on EFRAC's rating may arise if there
is any further deterioration in the liquidity position, which may
lead to a delay in the debt servicing obligations of the company.
Edward Food Research and Analysis Centre Limited (EFRAC), a part of
the Keventer Group, was established in August 1921 by Mr. Edward
Keventer as Edward Keventer Private Limited. In 1986, the company
was acquired by Mr. M. K. Jalan, Promoter and Chairman of the
Keventer Group. Subsequently, the company's name was changed to
Edward Keventer Life Science Limited before being further changed
to Edward Food Research and Analysis Centre Limited. Mandala Food
Co-Investments II Ltd. and Mandala Litmus SPV, based out of
Mauritius, made an equity investment in FY2017, post which, the
Mandala Group holds an equity stake of 51% in EFRAC. The company
operates a testing and research laboratory for food and food
products, drugs and cosmetics, and environment at Subhash Nagar in
North 24 Parganas district, West Bengal.
FORTUNE BELLA: ICRA Keeps B- Debt Rating in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Fortune
Bella Casa (Unit of Bardiya Construction Co. Pvt. Ltd.) in the
'Issuer Not Cooperating' category. The rating is denoted as
"[ICRA]B- (Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 15.00 [ICRA]B- (Stable) ISSUER NOT
Limits 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 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.
Fortune Bella Casa (Unit of Bardiya Construction Co. Pvt Ltd)
operates a 5-star equivalent hotel under the name Hotel Fortune
Park Bella Casa in the city of Jaipur. The hotel has been
operational since 2006-07. The company is promoted by the
Jaipur-based Garg and Bardiya families, who also have interests in
gems and jewellery, construction and education businesses. It is a
mixed-use development property, occupied primarily by the hotel,
followed by the retail space and a two-screen multiplex on a lease
basis.
FORTUNE MULTITECH: Ind-Ra Moves 'BB-' Rating to Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Fortune Multitech
Private Limited's Long-Term Issuer Rating of 'IND BB- (ISSUER NOT
COOPERATING)' to the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating action is as follows:
--Term loan March 2023
INR350
WD
Migrated to non-cooperating category and withdrawn
*Migrated to 'IND BB- (ISSUER NOT COOPERATING)' before being
withdrawn.
KEY RATING DRIVERS
Ind-Ra has migrated the ratings to the non-cooperating category as
the issuer did not participate in the rating exercise, despite
requests by the agency and has not provided information pertaining
to full-year financial performance for FY21, interim, sanctioned
bank facilities and utilization, business plan and projections,
information on corporate governance, and management certificate.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received no objection certificates from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies.
COMPANY PROFILE
Incorporated in 2010, Fortune Multitech is engaged in real estate
development. It has an ongoing project, Victoria Heights Phase II
in Zirakpur, a satellite town, in Mohali District (Punjab),
neighboring Chandigarh. The total built-up area of the projects is
276,528 square feet.
GPR INFRA: CARE Withdraws D Debt Ratings on LT/ST Bank Debts
------------------------------------------------------------
CARE Ratings Ltd. has reaffirmed and withdrawn the outstanding
ratings of CARE D; ISSUER NOT COOPERATING assigned to the bank
facilities of GPR Infra with immediate effect. The above action has
been taken at the request of GPR Infra and 'No Objection
Certificate' received from the bank(s) that have extended the
facilities rated by CARE Ratings Ltd.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank - Rating continues to remain
Facilities under ISSUER NOT COOPERATING
category; Reaffirmed at CARE D;
ISSUER NOT COOPERATING and
Withdrawn
Short Term Bank - Rating continues to remain
Facilities under ISSUER NOT COOPERATING
category; Reaffirmed at CARE D;
ISSUER NOT COOPERATING and
Withdrawn
Detailed description of the key rating drivers
Key Rating Weaknesses
* Delays in debt servicing, given poor liquidity: Due to stressed
liquidity position of the firm, there were delays in debt
servicing.
GPR Infra (GI) was established in the year 2013 as a partnership
firm has been promoted by Mr. G Prabhakar and his family members.
GI is a civil contractor and has its registered office located at
Ananthapur, Andhra Pradesh. GI undertakes water supply projects and
other miscellaneous civil works.
HAZARIBAGH RANCHI: Ind-Ra Affirms 'D' Non-Convertible Debt Rating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed the ratings of
Hazaribagh Ranchi Expressway Limited's (HREL) non-convertible
debentures (NCDs) at 'IND D' as follows:
-- INR5.380 bil. (outstanding INR4.580 bil. as on date) Senior
NCDs* affirmed with IND D rating; and
-- INR1.770 bil. (outstanding INR1.430 bil. as on date)
Subordinate NCDs* affirmed with IND D rating.
* Details in annexure
KEY RATING DRIVERS
The affirmation reflects HREL's continued non-payment of debt
service obligations since April 2019 to its debenture holders, as
per the filings on the National Stock Exchange and the confirmation
from the debenture trustee.
The National Company Law Appellate Tribunal order dated February
12, 2019 had classified HREL as 'Amber Entity'. 'Amber Entities'
are defined as domestic group entities which are not able to meet
all their obligations (financial and operational), but can meet
only operational payment obligations and payment obligations to
senior secured financial creditors'.
As of March 15, 2022, HREL maintained a cash balance of INR8.8
million and investments worth INR1,580.3 million in mutual funds
and a fixed deposit of INR2,270 million.
HREL has so far received 18 annuity payments with some delays seen
across the 17thand 18th annuities. Ind-Ra observes that the delay
in receipt of annuities payments was due to an ongoing dispute
between HREL and the National Highways Authority of India ('IND
AAA/Stable') on account of a negative change of scope. Given that
the dispute has been resolved, the management expects to receive
the annuities in a timely manner.
RATING SENSITIVITIES
Positive: A timely debt servicing for consecutive three months will
result in an upgrade.
COMPANY PROFILE
HREL is a special purpose vehicle created by IL&FS Transportation
Networks Limited ('IND D') for designing, constructing and
maintaining the four-lane Hazaribagh–Ranchi section of NH 33 in
Jharkhand to 114km from 40.5km on a build-operate-transfer-annuity
basis.
The National Highways Authority of India had awarded the project to
HREL under a competitive bidding process. The company received the
final completion certificate on April 1, 2015.
INCODA: CRISIL Keeps B Debt Ratings in Not Cooperating
------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of The Incoda
Revised to 'CRISIL B/Stable Issuer Not Cooperating' from 'CRISIL
BB+/Stable Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 8 CRISIL B/Stable(Issuer Not
Cooperating)
Long Term Loan 4.5 CRISIL B/Stable (Issuer Not
Cooperating)
Proposed Long Term 0.5 CRISIL B/Stable (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with Incoda for
obtaining information through letters and emails dated January 22,
2022 and February 7, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of Incoda, which restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
Incoda is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of Incoda Revised to 'CRISIL B/Stable Issuer Not
Cooperating' from 'CRISIL BB+/Stable Issuer Not Cooperating'.
Established as a proprietorship firm by Mr. Samirendra Dutta in
1986, and reconstituted as a partnership firm in 2009, when his
wife, Ms. Sibani Dutta, joined as a partner, Incoda provides
outdoor advertising services and also manufactures clay and ceramic
artifacts.
JAIN IRRIGATION: Ind-Ra Affirms 'D' Long-Term Issuer Rating
-----------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Jain Irrigation
Systems Limited's (JISL) Long-Term Issuer Rating at 'IND D' and has
simultaneously migrated the rating to the non-cooperating category.
The issuer did not participate in the rating exercise despite
continuous requests and follow-ups by the agency. Thus, the rating
is based on the best available information. Therefore, investors
and other users are advised to take appropriate caution while using
these ratings. The rating will now appear as 'IND D (ISSUER NOT
COOPERATING)' on the agency's website.
The instrument-wise rating actions are:
-- INR15.5 mil. Fund-based working capital limits (Long-
term/Short-term) affirmed and migrated to non-cooperating
category with IND D (ISSUER NOT COOPERATING) rating;
-- INR17.35 mil. Non-fund-based working capital limits (Long-
term/Short-term) affirmed and migrated to non-cooperating
category with IND D (ISSUER NOT COOPERATING) rating; and
-- INR3.46 mil. Term loan (Long-term) due on November 1, 2024
affirmed and migrated to non-cooperating category with IND D
(ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best available information.
Analytical Approach: Ind-Ra continues to take a consolidated view
of JISL and its subsidiaries while arriving at the ratings, due to
the similar nature of operations and moderate strategic linkages
among them.
KEY RATING DRIVERS
The affirmation reflects continued delays in debt servicing by JISL
since October 2019, due to a stretched liquidity position,
resulting from delays in realization of receivables from its
micro-irrigation segment. The company is implementing a resolution
plan for restructuring its credit facilities and is executing
security documents and fulfilling conditions precedent to the
master restructuring agreement for the same.
COMPANY PROFILE
JISL is an agri-business company operating in diverse segments of
the agribusiness value chain.
JANA HOLDINGS: Ind-Ra Affirms 'B+' Non-Convertible Rating
---------------------------------------------------------
India Ratings and Research (Ind-Ra) has taken the following rating
actions on Jana Holdings Limited's (JHL) non-convertible debentures
(NCDs):
-- INR0.7 mil. NCDs^* assigned with IND B+/Stable rating; and
-- INR5.6 mil. (reduced from INR5.7 mil.) NCD* affirmed with IND
B+/Stable rating.
^Yet to be issued
*Details in Annexure
Analytical Approach: To arrive at the ratings, Ind-Ra continues to
take a consolidated view of the credit profiles of JHL and Jana
Capital Limited (JCL; debt rated at 'IND B+'/Stable) and considers
the parent-subsidiary linkage to arrive at the rating of the
holding company of Jana Small Finance Bank (JSFB). JCL, a
non-deposit taking non-bank finance company-core investment
company, holds 100% stake in JHL. JHL, a subsidiary of JCL, has
limited financial strength. It is a non-operating financial holding
company of JSFB (42.84% stake held by JHL) and the value of its
investments is derived solely from its shareholding in JSFB. The
value of the stake in JSFB is largely subject to the bank's
incremental performance (banking operations commenced in March
2018) and its ability to manage the credit costs that may emanate
due to pandemic-led disruptions.
The rated NCDs are held by Centrum Group, Manipal Health Systems
Pvt. Ltd. and TPG Asia VI SF Pte Ltd and are junior to JHL's other
issues.
A common independent director serving on the boards of JHL and
Ind-Ra did not participate in the rating process.
KEY RATING DRIVERS
COVID-19 Continues to Weigh on JSFB's Asset Quality: JSFB's asset
quality, which improved when its gross non-performing assets
(GNPAs) reduced to 3.2% in FY20 (FY19: 8.1%) on account of reported
write-downs of INR3 billion, came under pressure amid the first and
the second wave of COVID-19. The GNPAs increased to 7.2% in March
2021. Also, the provision coverage ratio including technical
write-offs was at 82% and excluding technical write-offs was at
27.9% at end-March 2021 (end-March 2020: 56.2%). The bank has made
lower provisions on incremental GNPAs as it expects material
recoveries or limited loss given defaults over the near term. Also,
about 8% of the portfolio was restructured for JSFB at end-March
2021. In case recoveries do not pan out as per the bank's
expectations, JSFB could see incremental credit costs (4%-8%) in
FY22 on the unsecured loans (share of unsecured at end-1QFY22:
59%). Also, the collection efficiencies & recoveries picked up in
the unsecured segment over June-August 2021, supported by the
gradual relaxation of state-wise lockdowns.
Near-term Profitability for JSFB may Remain Constrained due to High
Credit Costs: JSFB reported a net profit of INR843 million in FY21
(FY20: INR301 million). The bank's performance and liability
structure improved in FY20 and FY21. However, due to the lingering
effects of the first and second wave COVID-19-led lockdowns and low
provisions, the bank could face high credit costs which could
impact its profitability at least over the medium term. At
end-9MFY22, JSFB's net profit declined to INR41.4 million. Under
stress case, the effects of the scale and repricing of deposits at
lower levels could be offset by incremental credit costs.
High Refinancing and Valuation Risks for Holding Companies: The
issued NCDs face refinancing risks. The NCDs need to be refinanced
to the extent of the principal and the rate of return promised to
the investors. The company successfully refinanced its NCDs which
were maturing in December 2021, January 2022 and February 2022
through the issuance of new NCDs. The agency will continue to
monitor JHL's further refinancing efforts. The next set of
repayments is due in May 2023. Furthermore, an increase in JHL's
shareholding alone on account of the proposed infusion might be
insufficient to repay the existing obligations; hence, the
valuation risk is significant and depends on the bank's standalone
performance.
Raising Funds over Near Term Crucial: At end-9MFYE22, JSFB reported
a tier 1 capital ratio of 11.72% ( FY21: 11.75%; FYE20: 13.12%) and
a total capital adequacy ratio of 15.3% (15.51%; 19.31%) which are
lower than its peers'. Furthermore, given the bank's low
provisioning levels, its net NPA/equity stood high at 54.9% at
end-March 2021 (end-March 2020: 13.5%) and hence the bank would
need to build higher capital buffers, especially if the recovery
slows. JSFB had disclosed in the Draft Red Herring Prospectus filed
with the Securities & Exchange Board of India in March 2021 that it
will undertake a total capital raise of INR7 billion as part of
pre-IPO and the IPO. Either JHL or JCL is likely to contribute INR4
billion of the same when the refinance transaction goes through.
This capital raise is crucial over the near term. Also, JSFB has
been supported by regular equity infusions in the past from
investors. The bank had raised INR3.4 billion equity in FY20,
INR10.9 billion in FY19 and INR16.4 billion in FY18 from existing
and new investors. As per the licensing guidelines, the bank was
going to list itself on the stock exchanges by March 2021. However,
it has been delayed due to the pandemic and thus is still under
process.
Liquidity Indicator for JHL - Poor: JHL does not have cash flows to
service its debt obligations and will have to depend on the
monetization of its stake in JSFB or the secondary sale of shares,
refinance among other options, before the maturity date of the
respective instruments. JHL holds a 42.08% stake in JSFB and is in
the process of listing the bank. JHL and JCL are also in the
process of getting merged for which the consent from the 90%
creditors is pending. Ind-Ra expects this merger to be completed
over the near term. Furthermore, the debt raised by both the
holding companies are in the form of zero-coupon bonds that would
have lumpy pay-outs on maturity, adding to the liquidity demands.
Liquidity Indicator for JSFB – Adequate; Deposits Continue to See
Traction: JSFB maintained excess statutory liquidity reserves of
around INR32 billion over FY21, in addition to the cash reserves
that it needs to maintain as part of the regulatory requirement.
The bank's liquidity coverage ratio stood at 1,199.67% at FYE21
(FYE20: 743.98%). Basis the bank's asset liability mismatch
statement at end-March 2021, there were no cumulative mismatches
for the period of up to 1 year.
JSFB has also been able to mobilize substantial deposits, with the
term deposits increasing to INR103.1 billion in FY21 (FY20: INR89.4
billion), and the current and savings accounts to INR20.8 billion
(INR7.1 billion). The total deposits stood at INR123.9 billion at
end-March 2021, of which 87.4% have a tenor of more than one year.
Given the substantial traction in low-cost deposits, the cost of
funds for JSFB also improved to 8.3% in FY21 (FY20: 9.4%, FY19:
10.2%). In addition, the bank lowered its interest on deposits in
FY21, which will help it to further reduce its cost of deposits as
they come up for renewals.
Portfolio Mix Changing in Favor of Secured Loans: JSFB is
strategically shifting towards a secured loan portfolio and the
share of secured portfolio in its portfolio increased to 40% at
end-March 2021 from 29% at end-March 2020. JSFB has also been
lowering its group loan exposure continuously, which came down to
36% at end-March 2021 from around 46% at end-March 2020. Also, the
disbursements increased towards the secured portfolio in 2HFY21.
Ind-Ra believes the group loan portfolio will continue to decline
with the share of secured portfolio going up. Ind-Ra believes this
will improve the asset quality of the bank over the medium term.
RATING SENSITIVITIES
Positive: Timely successful merger with JCL and raising of funds as
planned could lead to a positive rating action. A significant
improvement in the bank's asset quality, the capitalization and
leverage (advances to equity) and an achievement of material
profitability earlier than as expected by the agency could also
result in a positive rating action.
Negative: The following events could individually or collectively
lead to a negative ratings action:
- an inability to raise adequate funds before refinancing
- a sustained weakness in the bank's asset quality, its capital
levels close to the regulatory minimum consistently or a weakness
in the deposit/liquidity profile
- any unrelated diversification of the holding company, although
unlikely
COMPANY PROFILE
JHL is registered as a non-operating financial holding company
according to the regulatory guidelines, and is promoted by JCL, to
hold the promoter stake in JSFB.
KOLKATA MUNICIPAL: CRISIL Cuts Corporate Credit Rating to B+
------------------------------------------------------------
CRISIL Ratings is revising the corporate credit rating of Kolkata
Municipal Corporation (KMC) to 'CCR B+/Stable Issuer Not
Cooperating' from 'CCR BB+/Stable Issuer Not Cooperating' and the
rating on the INR10 crore bonds to 'CRISIL B+/Stable Issuer Not
Cooperating' from 'CRISIL BB+/Stable Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bond 10 CRISIL B+ /Stable (ISSUER NOT
COOPERATING; Revised from
'CRISIL BB+/Stable ISSUER NOT
COOPERATING')
Corporate Credit - CCR B+/Stable (ISSUER NOT
Rating COOPERATING; Revised from
'CRISIL BB+/Stable ISSUER NOT
COOPERATING')
CRISIL Ratings has been consistently following up with KMC through
letters and emails dated February 14, 2022, March 8, 2022 and March
15, 2022 among others, apart from telephonic communication, for
obtaining information. However, the issuer has remained
non-cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the entity. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.
Detailed Rationale
Despite repeated attempts to engage with the corporation's
management, CRISIL Ratings did not receive any information on
no-default statements, financial performance or strategic intent of
KMC, which restricts the ability of CRISIL Ratings to take a
forward-looking view on the entity's credit quality. CRISIL Ratings
believes the rating action on KMC is consistent with Assessing
Information Adequacy Risk. Based on the last-available information,
CRISIL Ratings is revising the corporate credit rating of KMC to
'CCR B+/Stable Issuer Not Cooperating' from 'CCR BB+/Stable Issuer
Not Cooperating ' and the rating on the INR10 crore bonds to
'CRISIL B+/Stable Issuer Not Cooperating' from 'CRISIL BB+/Stable
Issuer Not Cooperating'.
The jurisdiction of KMC covers 187.5 sq km and population of 4.5
million (as per the 2011 census). The provisions of the Calcutta
Municipal Corporation Act, 1980, govern KMC. Kolkata is the
business hub of east India. The corporation provides services such
as water supply, solid waste management, sewerage/drainage and
primary education.
PALA DIOCESAN: Ind-Ra Affirms BB- Loan Rating, Outlook Stable
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Pala Diocesan
Medical Education Trust's (PDMET) bank facilities at 'IND BB-'. The
Outlook is Stable.
The detailed rating actions are:
-- INR1,776.22 bil. (increased from INR1,704.66 bil.) Bank loans
affirmed with IND BB-/Stable rating;
-- INR80.00 mil. (increased from INR50.00 mil.) Fund-based
working capital facility affirmed with IND BB-/Stable rating;
and
-- INR143.78 mil. (reduced from INR245.34 mil.) Proposed bank
loans affirmed with IND BB-/Stable rating.
KEY RATING DRIVERS
Liquidity Indicator – Poor: Although PDMET's available funds
(cash and unrestricted investments) increased to INR16.29 million
in FY21 (FY20: INR13.33 million), it was not sufficient to provide
adequate financial cushion to the total debt (FY21: 0.98%; FY20:
0.96%) and operating expenditure (1.59%; 5.05%). The collection
period remained low at nine days in FY21 (FY20: 10 days). The trust
has an overdraft facility of INR80 million and the average working
capital utilization was 65% for the 12 months ended February 2022.
PDMET will continue to rely on unsecured loans and donations
provided by the trustees to meet the scheduled debt service
commitments of INR232.02 million in FY22 and INR304.65 million in
FY23.
The ratings continue to be constrained by PDMET's high debt burden
(debt/current balance before interest and depreciation) and weak
debt service coverage ratio of under 1x over FY17-FY21. There was
no principal repayment in FY21, as the trust has availed moratorium
for its bank loans. Its interest service coverage ratio turned
positive, though it remained low, at 0.24x in FY21 (FY20: negative
67.29x), and the debt/CBBID improved to a high 51.51x (negative
12.10x). The ratios improved due to improvement in the current
balance before interest and depreciation (CBBID) to INR32.18
million (negative INR114.91 million). The debt/income ratio
improved to 157.16% in FY21 (FY20: 934.21%), due to a substantial
increase in the total income to INR1,054.66 million from INR148.88
million, Over FY17-FY21, the trust's debt servicing was met through
unsecured loans and donations worth INR807.13 million provided by
the trustees. PDMET's debt burden is likely to reduce gradually
over FY22-FY23, due to sustained growth in CBBID.
The ratings reflect PDMET's weak operating profitability. The trust
turned profitable in FY21, reporting an operating profit of
INR27.20 million (FY20: operating loss of INR117.97 million), as
operating income (up 619.89% yoy) recorded a sharper increase than
operating expenditure (up 287.62% yoy). However, the net deficit
widened to INR207.17 million in FY21 (FY20: INR125.83 million).
The ratings are supported by the increased bed capacity and high
number of patient visits in FY21. PDMET increased the operational
bed capacity of the hospital, which was established in November
2019, to 648 in FY21 (FY20: 350) in view of the significant demand.
The hospital recorded comfortable occupancy levels of above 70% in
FY21. In addition, the number of patient visits in the hospital
increased to 2,21,792 in FY21 (FY20: 37,422). Consequently, the
trust reported total income of INR1,054.66 million from the
hospital in FY21. The hospital reported 2,55,392 patient visits
during April-December 2021, and is likely to achieve patient visits
of above 2,80,000 for FY22. The hospital recorded income of
INR1,361.22 million till end-December 2021. Ind-Ra expects the
demand for the hospital to remain healthy because it caters to the
population of two districts in Kerala – Kottayam and Idukki - and
there are only a few other hospitals in the area that provide
similar services; thus, the occupancy ratio is likely to remain
high over the medium term.
The ratings also factor in the continued improvement in PDMET's
scale of operations, with its revenue rising by 608.41% yoy to
INR1,054.66 million in FY21, mainly on account of increased
hospital receipts, which were the main source of income (97.77%),
followed by tuition fee receipts (1.49%). Its tuition fee income
declined 20.81% yoy to INR15.71 million in FY21, due to fall in the
student headcount to 226 (FY20: 231). Furthermore, the average
tuition per student declined 19.06% yoy to INR69,493 in FY21. The
trust reported a total income of INR1,361.22 million over
April-December 2021 and targets to achieve an income above INR1,800
million for FY22. Ind-Ra expects the revenue to grow consistently
over the medium term due to increased hospital capacity, coupled
with comfortable occupancy levels, on high demand.
The ratings continue to benefit from PDMET's operational track
record of about 17 years and adequate financial support from the
trustees. Ind-Ra expects the support from the trustees to continue,
if required.
RATING SENSITIVITIES
Negative: Events that may, individually or collectively, lead to a
negative rating action are:
- deterioration in the hospital's operational performance
- the lack of financial support from the trustees in the form of
unsecured loans and donations.
Positive: Events that may collectively lead to a positive rating
action are:
- sustained improvement in operating profitability,
- the debt service coverage ratio exceeding 1x over the medium
term, and
- a significant fall in the debt/CBBID to below 6x.
COMPANY PROFILE
PDMET was established as a public charitable trust in 2005 in
Kottayam, Kerala. It runs a nursing college named Mar Sleeva
College of Nursing, which offers Bachelor of Nursing, Post Basic
Bachelor of Nursing and Master of Nursing courses. It also manages
a multi-specialty hospital (Mar Sleeva Medicity) with a capacity of
700 beds (648 beds are operational) and a men's hostel (St.
Alphonsa Hostel).
PERFECT INFRA: CRISIL Keeps B- Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Perfect
Infraengineers Limited (PIL) continue to be 'CRISIL
B-/Stable/CRISIL A4 Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 5.5 CRISIL A4 (Issuer Not
Cooperating)
Cash Credit 6 CRISIL B-/Stable (Issuer Not
Cooperating)
Letter of Credit 1 CRISIL A4 (Issuer Not
Cooperating)
Proposed Long Term 2 CRISIL B-/Stable (Issuer Not
Bank Loan Facility Cooperating)
Term Loan 1.5 CRISIL B-/Stable (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with PIL for
obtaining information through letters and emails dated August 19,
2021, October 27, 2021, March 15, 2022, and March 16, 2022, among
others, apart from telephonic communication. However, the issuer
has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
PIL issued a corporate announcement dated March 10, 2022, which
states that the company and its promoters jointly and severally
have filed petitions against lenders in various courts for damages
and to restrain the proceedings initiated by them under various
acts. As per the aforementioned announcement, the cases are filed
against the lender and its officers for erroneous declaration of
the company's account as NPA and the subsequent proceedings.
CRISIL Ratings has attempted to contact the issuer as well as its
lenders to get clarity on the aforementioned matter. However,
despite repeated attempts to engage with the issuer and its
lenders, CRISIL Ratings has failed to receive any information
either in this matter or the financial performance or strategic
intent of PIL, which restricts CRISIL Ratings' ability to take a
forward looking view on the entity's credit quality. CRISIL Ratings
believes that rating action on PIL is consistent with 'Assessing
Information Adequacy Risk'. Further, CRISIL Ratings has also not
been able to ascertain if there were any delays in debt servicing,
neither from the company nor from any independent sources.
Accordingly, based on the last available information, the ratings
on bank facilities of PIL continue to be 'CRISIL B-/Stable/CRISIL
A4 Issuer Not Cooperating'.
Incorporated in 1993, PIL is a turnkey project contractor for the
supply, installation, testing, commissioning and maintenance of
mechanical, electrical and plumbing and heating, ventilation and
air conditioning equipment. In addition, it undertakes annual
maintenance contracts and supplies air conditioners on rental. It
is listed on the National Stock Exchange.
PIONEER FINANCE: CRISIL Lowers Rating on INR25cr LT Loan to B+
--------------------------------------------------------------
CRISIL Ratings has downgraded its rating on the long-term bank
facility of Pioneer Finance Company Pvt Ltd to 'CRISIL B+/Stable'
from CRISIL BB-/Stable'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Long Term Rating 25 CRISIL B+/Stable (ISSUER NOT
COOPERATING; Downgraded from
'CRISIL BB-/Stable ISSUER NOT
COOPERATING')
The rating action is primarily driven by continued deterioration in
asset quality metrics and its consequent impact on earnings
profile. Company's asset quality has continued to remain in stress
post the impact it faced during Covid first and second wave. The
90+ dpd increased to around 52.4% as on December 31, 2021, from
26.9% as on March 31, 2021, and 12.2% as of March 31, 2020. The
deterioration in Gross NPA percentage is more visible on account of
de-growth in asset base in last 2 fiscals. The company has been
doing very minimal disbursements since last 4-6 quarters which has
resulted in portfolio reducing to INR16.5 crore as of December 31,
2021, from INR28.2 crore as of March 31, 2021 (~Rs 37 crore as of
March 31, 2020). The 90+ dpd, on an absolute basis, remained
largely similar at INR8.7 crore as of December 31, 2021 (~INR7.6
crore as of March 31, 2021). CRISIL Ratings understand that the
management has taken steps of arbitration against majority of its
delinquent borrowers and have also deployed recovery agencies to
increase pace of recoveries through repossession of vehicles.
Nevertheless, the ability to improve collections (primarily from
overdue accounts) and reduce delinquencies substantially from
present level will remain key rating sensitivity factor.
Deterioration in asset quality continues to weaken earnings
profile. Pioneer finance has struggled for the last 2-2.5 years
primarily due to higher credit losses. Further, reduction in
portfolio is also resulting in reduction in top line. There was a
net loss of INR2.5 crore in fiscal 2021 (Rs. 2.8 crore in fiscal
2020). The company wrote-off loans worth INR0.4 crore during fiscal
2021 (INR1.4 crore in fiscal 2020); this impacted the bottom line.
At pre-provision level also, company made a loss of INR2.1 crore in
fiscal 2021 and INR1.4 crore in fiscal 2020.
The rating continues to reflect the extensive experience of the
promoters in the two-wheeler finance business ad moderate capital
position.
Analytical Approach
For arriving at the rating, CRISIL Ratings has assessed the
standalone business and financial risk profiles of Pioneer
Finance.
Key Rating Drivers & Detailed Description
Strengths:
* Extensive experience of the promoter: The promoter, Mr. Rabindu
Nalinkumar Shah, has an experience of more than 15 years in the
two-wheeler financing segment which should continue to support the
business over the medium term. Additionally, Mr. Shah also has a
fair knowledge about the area/locations wherein the company
operates. All the key processes such as underwriting and credit are
designed by him. Apart from the current challenges (due to the
pandemic), the company has not faced any major asset quality issues
in the past 4-5 years. In order to increase collections and curtail
delinquencies, the promotor has taken significant measures like
hiring a solicitors' firm and expanding the in-house collection
team. The promoter also took stringent steps on reducing operating
costs during fiscal 2021. Employee costs were reduced through
salary cuts and linking of the pay structure for a majority of the
employees to their performance.
* Moderate capitalization: Capital position of Pioneer Finance has
been moderate with networth of INR8.9 crore (including loans from
promoter/shareholders of INR3.0 crore). The capital position has
been affected due to negative accretions during last 2.5 years. The
absolute networth of the company has reduced by around INR3.5 crore
during last 2-3 years owing to negative accretions. In terms of
gearing, it has shown declining trend, given the company has
reduced focus on growth. The gearing has reduced to 2.4 times
(estimated) as on December 31, 2021 from 3.0 times as on March 31,
2021. Nevertheless, the promoter is committed in infusing
additional funds of INR2-2.5 crore during Q4 fiscal 2022 (in March
2022). Apart from equity capital, the promoter (along-with other
shareholders) have infused funds in form of loans in the past (Rs
3.0 crore as of March 31, 2021).
Weakness:
* Deterioration in asset quality: Pioneer finance's asset quality
has seen sharp deterioration during fiscal 2022. Asset quality, in
terms of Gross NPAs increased to around 52.4% as on December 31,
2021, from 26.9% as on March 31, 2021, and 12.2% as on March 31,
2020. The absolute Gross NPA has deteriorated marginally from
INR7.6 crore as of March 31, 2021 to INR8.7 crore as of December
31, 2021. The deterioration in Gross NPA percentage is more
visible on account of de-growth in portfolio in last 2 fiscals; and
during last 2-3 quarters the company has been doing very minimal
disbursements as a result asset base reduced to INR16.5 crore as of
December 21, 2021 from INR28.2 crore as of March 31, 2021 (Rs 36.8
crore as of March 31, 2020).
The increase in delinquencies have been on account of lower
collections following the Covid-19 waves. The company is also
trying to reach out delinquent customers, however recovery from
delinquent accounts is negligible at 6% (average of last 6 months).
About 99% of the portfolio is concentrated only in Mumbai and Thane
which were severely impacted by the lockdown. The management has
initiated stringent steps to improve collections and reduce gross
NPAs. With the relaxation of lockdown restrictions after second
wave of lockdown, the company has increased its follow-up on
overdue customers. Majority of internal staff has been deployed on
the collections (both overdue and current bucket). Additionally,
the company has also hired legal agency (solicitor firm) to hasten
the process of arbitration for harder bucket cases. The company is
also trying to reach out delinquent customers on in-person basis.
Some of the steps taken by the company has shown early signs of
recovery; the average monthly collections from October 2021 to
December 2021 improved to 112% from around 97% from July 2021 to
September 2021. CRISIL Ratings understands that company will
continue to maintain focus on improving collections from
overdue/delinquent buckets. Therefore, asset quality metrics and
collection efficiency will continue to be closely monitored over
the medium term. The ability to improve collections and reduce
delinquencies substantially from present level will remain key
rating sensitivity factor.
* Weakening of earnings: Earnings have been impacted in the past
2-2.5 years primarily due to higher credit losses, declined in
portfolio, leads to decline in top line. There was a net loss of
INR2.5 crore in fiscal 2021 (Rs. 2.8 crore in fiscal 2020). The
company wrote-off loans worth INR0.4 crore during fiscal 2021 (Rs
1.4 crore in fiscal 2020); this impacted the bottom line. At
pre-provision level also, company made a loss of INR2.1 crore in
fiscal 2021 and INR1.4 crore in fiscal 2020. The company has taken
stringent steps to reduce operating costs during fiscal 2021 and
nine months ended fiscal 2022. Employee costs have been reduced
through salary cuts, and linking of the pay structure for a
majority of the employees to their performance. Nevertheless, given
the elevated delinquencies experienced till December 2021 and
reduction in incremental growth, profitability in fiscal 2022 will
remain subdued. During nine months of fiscal 2022, the company's
loss stood at around INR1.0 crore (on estimated basis).
Liquidity: Stretched
Pioneer Finance's liquidity is just about sufficient to cover total
debt obligation and operating expenses from January to April 2022.
The company has cash balance of INR4.38 crore (INR0.13 crore of
cash and cash equivalents and INR4.25 crore of unutilised cash
credit/working capital demand loan) as on December 31, 2021. It had
total outflows of around INR3.82 crore between January and April
2022. The liquidity buffer would be sufficient to cover the debt
repayment. The promoter constantly monitors the liquidity position
and has plans to infuse equity of around INR2.5 crore before the
end of March 2022. The collections efficiency[1] were impacted
during the peak of Covid second wave, dropping to 84% in April 2021
and then 81% in May 2021. However, post June 2021, the collections
on month-on-month basis has shown consistent improvement reaching
to over 97% in September 2021 and crossing 100% in December 2021.
The company has month-on-month collections rate in range of
INR1.2-1.8 crore during last 5-6 months.
[1] Calculated as total collections including overdue but excluding
prepayments divided by current billing
Outlook: Stable
Pioneer Finance should continue to benefit from the extensive
experience of the promoter, and maintain moderate capitalization
over the medium term.
Rating Sensitivity factors
Upward factors:
* Improvement in asset quality with 90+ dpd reducing and maintained
below 10%
* Improvement in capital position with networth increasing to over
INR15 crore and gearing maintained below 3 times
* Substantial improvement in earnings profile with company
returning to profit-making mode
Downward factors:
* No substantial improvement in asset quality metrics (in terms of
90+ dpd) from present level
* Deterioration in capital position with gearing increasing to over
5 times
* Substantial fall in liquidity level to cover the repayments
Pioneer Finance was started in 1998 as consumer finance business by
Mr. Rabindu Nalinkumar Shah as proprietary concern. Over the years,
the firm started providing personal loans and consumer durable
loans. In 2000, Mr. Shah ventured into two-wheeler financing
business. Since then, the company has been focusing mainly on two
wheeler financing. Presently, operations are mainly in Mumbai
(western suburbs) and Thane regions. The portfolio size was INR16.7
crore as on December 31, 2021, against INR28.2 crore as on March
31, 2021 (INR36.8 crore as on March 31, 2020). Due to asset quality
issues faced during the pandemic, the company has scaled down
operations and is focusing mainly on collections.
PRAVEEN AROMA: Ind-Ra Moves 'B+' Issuer Rating to Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Praveen Aroma
Private Limited Long-Term Issuer Rating to the non-cooperating
category. The issuer did not participate in the rating exercise
despite continuous requests and follow-ups by the agency.
Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND B+ (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating actions are:
-- INR112.5 mil. Fund-based working capital limits migrated to
non-cooperating category with IND B+ (ISSUER NOT
COOPERATING)/IND A4 (ISSUER NOT COOPERATING) rating;
-- INR70 mil. Working capital term loan due on July 2025 migrated
to non-cooperating category with IND B+ (ISSUER NOT
COOPERATING) /IND A4 (ISSUER NOT COOPERATING) rating; and
-- INR5 mil. Term loan due on September 2025 migrated to non-
cooperating category with IND B+ (ISSUER NOT COOPERATING)
rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
January 29, 2021. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
COMPANY PROFILE
Incorporated in 2010, Praveen Aroma manufactures and trades mint
and allied products in Uttar Pradesh. The company manufactures
menthol, menthol crystals, peppermint oil, essential oils and other
allied products that are used in industries such as food,
pharmaceuticals, fast moving consumer goods and tobacco.
PRECA SOLUTIONS: Ind-Ra Moves 'BB' Issuer Rating to Non-Cooperating
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Preca Solutions
India Private Limited's Long-Term Issuer Rating to the
non-co-operating category at 'IND BB (ISSUER NOT COOPERATING)' and
has simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR240 mil. Fund-based working capital limits* migrated to
non-cooperating category and withdrawn;
-- INR120 mil. Term loan** due on March 2023 migrated to non-
cooperating category and withdrawn; and
-- INR272.7 mil. Non-fund-based working capital limits*# migrated
to non-cooperating category and withdrawn.
*Migrated to 'IND BB (ISSUER NOT COOPERATING)'/'IND A4+ (ISSUER
NOT COOPERATING)' before being withdrawn.
**Migrated to 'IND BB (ISSUER NOT COOPERATING)' before being
withdrawn.
*#Migrated to 'IND A4+ (ISSUER NOT COOPERATING)' before being
withdrawn.
KEY RATING DRIVERS
The ratings have been migrated to the non-cooperating category
before being withdrawn as the issuer did not participate in the
rating exercise, despite repeated requests by the agency, and has
not provided information about interim, sanctioned bank facilities
and utilization, business plan, and projections for the next three
years, information on corporate governance, and management
certificate.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies.
COMPANY PROFILE
Incorporated in 2008, Hyderabad-based Preca Solutions India
designs, manufactures, supplies, erects and commissions various
precast pre-stressed concrete products on a turnkey engineering
solution basis. Satish Gottipati, Geetha Gottipati and Uri Kertes
are the promoters.
RAGHU EDUCATIONAL: CRISIL Hikes Rating on INR3.5cr Loan to B-
-------------------------------------------------------------
CRISIL Ratings has upgraded its ratings on the bank loan facilities
of Raghu Educational Society (RES) to 'CRISIL B-/Stable' from
'CRISIL D'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 3.5 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
Long Term Loan 3.41 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
Long Term Loan 1.82 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
Long Term Loan 0.16 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
Long Term Loan 4 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
Long Term Loan 2.87 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
Proposed Long Term 0.24 CRISIL B-/Stable (Upgraded
Bank Loan Facility from 'CRISIL D')
The rating upgrade to 'CRISIL B-/Stable', from 'CRISIL D', reflects
sufficient track record of timely servicing of debt obligations.
The ratings also reflect established regional presence in
Visakhapatnam, Andhra Pradesh, supported by its promoter's
extensive experience in the education segment. These strengths are
partially offset by the society's susceptibility to regulatory
changes in the education sector and geographic concentration in its
revenue profile.
Key Rating Drivers & Detailed Description
Weaknesses:
* Susceptibility to adverse regulatory changes in the education
sector: Business risk profile remains susceptible to regulatory
changes in education sector, along with limited geographical
diversity. The education sector faces a high degree of regulation
from various governmental and quasi-governmental agencies. Same
exposes the society to any adverse regulatory changes in the
education sector.
* Geographic concentration in its revenue profile: RES derives its
revenues from its campus in Visakhapatnam, and the students belong
mainly to this region. This leads to a geographic concentration in
its revenue profile. Besides, RES, like other colleges in the area,
faces competition from many reputed universities and colleges in
Visakhapatnam and in other parts of Andhra Pradesh. CRISIL Ratings
believes that any increase in competition and slowdown in student
intake because of shift in student preference to other competing
institutes can impact the society's business risk profile.
Strengths:
* Extensive industry experience of promoter: Management committee
is headed by Mr. Kalidindi Raghu, who has an extensive experience
of around two decades in the educational domain. Over the years,
Mr. Raghu's expertise and experience in the subject domain has
ensured an established presence in the coastal districts of Andhra
Pradesh such as Visakhapatnam.
* Established regional position in education sector, with variety
of course offerings: Established in the year 1996, the RES is
reputed in Visakhapatnam for running schools, and degree,
post-graduate, and professional colleges under the Raghu brand.
These institutes have proven results and healthy placement track
records, thus influencing prospective students.
Liquidity: Stretched
Bank limit utilisation is high at around 94.95 percent for the past
twelve months ended Feb 2022. Cash accrual are expected to be over
INR12 cr which are sufficient against term debt obligation of
INR3-4 cr over the medium term. In addition, it will be act as
cushion to the liquidity of the company.
Current ratio are healthy at 3.79 times on March 31, 2021. Moderate
cash and bank balance of around Rs. 4.25 cr as on March 31, 2021.
Low gearing and moderate net worth support its financial
flexibility and provides the financial cushion available in case of
any adverse conditions or downturn in the business.
Because of delay in the realization of fee reimbursement from Govt.
of Andhra Pradesh, there were cashflow mismatches and the client
was unable to service the repayment. Hence, the society's account
was restructured (OTR) under COVID restructuring framework 2.0 on
29.09.2021 and the repayment was rescheduled with moratorium of 12
months in all the TL accounts. GECL of Rs. 2.80 cr was also
sanctioned on 29.09.2021.
Outlook: Stable
CRISIL Ratings believes RES will benefit from its established
presence in the education sector, and the healthy demand for
education.
Rating Sensitivity factors
Upward factors:
* Sustained increase in revenue, leading to cash accrual of more
than INR15 crore per fiscal.
* Improvement in liquidity, supported by collection of fee and
receivables from government
Downward factors:
* Delays in repayment of debt obligation.
* Steep decline in net cash accrual on account of decline in
revenue or operating margin to below 15%
RES, a society was established in 1996, and the overall operations
of the trust are being managed by its promoter director Mr.
Kalidindi Raghu. It runs a number of schools, and degree,
post-graduate, and professional colleges under the Raghu brand. Its
schools and colleges are located in and around Visakhapatnam
(Andhra Pradesh).
RAMA AUTO: CRISIL Keeps B Debt Ratings in Not Cooperating
---------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Rama Auto
Dealers Private Limited (RADPL) continue to be 'CRISIL
B/Stable/CRISIL A4 Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 1 CRISIL B/Stable (Issuer Not
Cooperating)
Drop Line 1 CRISIL B/Stable (Issuer Not
Overdraft Facility Cooperating)
Inventory Funding 5 CRISIL B/Stable(Issuer Not
Facility Cooperating)
Proposed Short Term 0.38 CRISIL A4 (Issuer Not
Bank Loan Facility Cooperating)
CRISIL Ratings has been consistently following up with RADPL for
obtaining information through letters and emails dated January 22,
2022 and February 7, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RADPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RADPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
RADPL continues to be 'CRISIL B/Stable/CRISIL A4 Issuer Not
Cooperating'.
Incorporated in January 2007, RADPL is an authorised dealer of
HMIL's cars in Ranchi (Jharkhand). Mr. Manish Jaiswal, Mr. Rajesh
Kumar Choudhary and Mrs. Manju Jaiswal are the directors of the
company.
RAMADA ALLEPPEY: CRISIL Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Ramada
Alleppey (RA) continue to be 'CRISIL D Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 1.5 CRISIL D (Issuer Not
Cooperating)
Long Term Loan 17.5 CRISIL D (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with RA for
obtaining information through letters and emails dated January 22,
2022 and February 7, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RA, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RA is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of RA
continues to be 'CRISIL D Issuer Not Cooperating'.
RA, set up by Mr. Regi Cherian as a proprietorship firm in 2012, is
a luxury hotel in Alappuzha.
RAMI CHANDIDAS: CRISIL Keeps B Debt Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Rami
Chandidas Rice Mill Private Limited (RCRMPL) continue to be 'CRISIL
B/Stable Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 2.5 CRISIL B/Stable (Issuer Not
Cooperating)
Proposed Long Term 1.04 CRISIL B/Stable (Issuer Not
Bank Loan Facility Cooperating)
Term Loan 3.36 CRISIL B/Stable (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with RCRMPL for
obtaining information through letters and emails dated January 22,
2022 and February 7, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RCRMPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on
RCRMPL is consistent with 'Assessing Information Adequacy Risk'.
Based on the last available information, the ratings on bank
facilities of RCRMPL continues to be 'CRISIL B/Stable Issuer Not
Cooperating'.
Formed in 2011 by Mr. Asesh Kumar Pal and Mr. Jagabandhu Pal,
RCRMPL manufactures and trades in parboiled rice. Its manufacturing
facility is in Birbhum, West Bengal. The milling unit became
operational in March 2013. The company derives most of its revenue
from traders in Bihar, West Bengal, Assam, and Meghalaya, and the
rest from FCI.
ROJA NOTE: CRISIL Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Roja Note
Book Company Private Limited (RNBPL) continue to be 'CRISIL
B+/Stable Issuer Not Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 5 CRISIL B+/Stable (Issuer Not
Cooperating)
Cash Term Loan 0.5 CRISIL B+/Stable (Issuer Not
Cooperating)
CRISIL Ratings has been consistently following up with RNBPL for
obtaining information through letters and emails dated January 22,
2022 and February 7, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of RNBPL, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on RNBPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the ratings on bank facilities of
RNBPL continues to be 'CRISIL B+/Stable Issuer Not Cooperating'.
Set up in 1989 as a partnership firm (Roja Traders) in Sivakasi
(Tamil Nadu) by Mr. C Duraipandian, Mr. D Whiterose, and their
family members, and reconstituted as a private limited company in
2009, RNBPL manufactures stationery products such as long notebooks
and school notebooks. Operations are managed Mr. D Sreenivasan and
his brother, Mr. D Bhaskaran.
SANCHETI COTEX: CRISIL Withdraws B+ Rating on INR10cr Cash Loan
---------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Sancheti Cotex (SC) on the request of the company and after
receiving no objection certificate from the bank. The rating action
is in-line with CRISIL Rating's policy on withdrawal of its rating
on bank loan facilities.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 10 CRISIL B+/Stable/Issuer Not
Cooperating (Withdrawn)
CRISIL Ratings has been consistently following up with SC for
obtaining information through letters and emails dated March 8,
2022 and March 12, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SC. This restricts CRISIL
Ratings' ability to take a forward-looking view on the credit
quality of the entity. CRISIL Ratings believes that rating action
on SC is consistent with 'Assessing Information Adequacy Risk'.
CRISIL Ratings has migrated the ratings on the bank facilities of
SC to 'CRISIL B+/Stable Issuer not cooperating'.
Incorporated in 2014 as a partnership firm, SC has installed a
ginning and pressing unit in Ketia, Madhya Pradesh, with capacity
of 300 bales per day. Day-to-day operations are handled by the key
partners, Mr. Aditya Jain and Mr. Chetan Jain.
SANSUN INDUSTRIES: CRISIL Withdraws B+ Rating on INR13.95cr Loan
----------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Sansun Industries Private Limited (SIPL) on the request of the
company and after receiving no objection certificate from the bank.
The rating action is in-line with CRISIL Rating's policy on
withdrawal of its rating on bank loan facilities.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 0.8 CRISIL A4/Issuer Not
Cooperating (Withdrawn)
Cash Credit 5.25 CRISIL B+/Stable/Issuer Not
Cooperating (Withdrawn)
Proposed Fund- 13.95 CRISIL B+/Stable/Issuer Not
Based Bank Limits Cooperating (Withdrawn)
CRISIL Ratings has been consistently following up with SIPL for
obtaining information through letters and emails dated February 26,
2022, March 8, 2022 and March 12, 2022 among others, apart from
telephonic communication. However, the issuer has remained non
cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SIPL. This restricts CRISIL
Ratings' ability to take a forward looking view on the credit
quality of the entity. CRISIL Ratings believes that rating action
on SIPL is consistent with 'Assessing Information Adequacy Risk'.
CRISIL Ratings has migrated the ratings on the bank facilities of
SIPL to 'CRISIL B+/Stable/CRISIL A4 Issuer not cooperating'.
CRISIL Ratings has withdrawn its rating on the bank facilities of
SIPL on the request of the company and after receiving no objection
certificate from the bank. The rating action is in-line with CRISIL
Rating's policy on withdrawal of its rating on bank loan
facilities.
SIPL was established as a proprietorship firm in 2006 and
reconstituted as a private limited company in 2012. It manufactures
outdoor fitness and playground equipment. The manufacturing
facility is located in Nashik, Maharashtra. The company is promoted
by Mr. Rajender Jadhav.
SHOPPERS INTERNATIONAL: CRISIL Ups Rating on INR27cr Loan to B-
---------------------------------------------------------------
CRISIL Ratings has upgraded its rating of Shoppers International
Malls Private Limited (SIMPL) long-term bank facility to 'CRISIL
B-/Stable' from 'CRISIL D'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Term Loan 27 CRISIL B-/Stable (Upgraded
from 'CRISIL D')
The upgrade in ratings reflects timely repayment of principal and
interest of the debt for last 3 months.
The rating continues to reflect exposure to risks related to
successful completion and saleability of the residential project,
and intense competition in the real estate segment and weak
financial profile. These strengths are partially offset by the
extensive entrepreneurial experience of the promoters, and their
high financial flexibility.
Key Rating Drivers & Detailed Description
Weaknesses:
* Exposure to risks related to saleability of areas developed, and
cyclicality inherent in the real estate sector: construction for
SIMPL's projects are completed, however bookings are low in past 2
years. The domestic real estate sector is intensely competitive,
with a highly fragmented market structure. Continuous changes in
fiscal and monetary measures, causing interest rates to fluctuate,
can impact demand for housing loans. Moreover, a high transaction
cost constrains the development of a robust secondary market,
posing liquidity risks.
* Weak Financial risk profile: Capital structure is leverage with
gearing of 13.25 times as on March 31, 2021.
Strength:
* Extensive entrepreneurial experience of the promoters: The main
promoter, Mr. P P Sunny, has sound understanding of the real estate
sector, and has been associated with other projects. Further, the
promoters have high financial flexibility to infuse funds on a
timely basis, and support the debt obligation.
Liquidity: Poor
Cash accrual are expected to be less than Rs.1.5 crores which are
insufficient against term debt obligation of INR2-3 crores over the
medium term. The promoters are likely to extend support in the form
of equity and unsecured loans to meet its working capital
requirements and repayment obligations. SIMPL has availed COVID19
moratorium announced by Reserve Bank of India
Outlook: Stable
CRISIL Ratings believes SIMPL will continue to benefit over the
medium term from its experienced promoters
Rating Sensitivity factors
Upward factors
* Improvement in bookings in residential segment
* Improvement in net cash accruals to over Rs.3 crores leading to *
improvement in liquidity profile
Downward factors
* Large debt funded capital expenditure
* Low bookings in already completed projects
SIMPL was set up in 2011, at Thrissur. The company has setup a
commercial-cum-residential complex in a prime location, and intends
to lease the commercial space, and sell the residential units.
SOLAIMALAI ENTERPRISES: Ind-Ra Assigns 'BB' LT Issuer Rating
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Solaimalai
Enterprises (Solaimalai) a Long-Term Issuer Rating of 'IND BB'. The
Outlook is Stable.
The instrument-wise rating actions are:
-- INR550 mil. Fund-based working capital limits assigned with
IND BB/Stable/IND A4+ rating; and
-- INR120 mil. Term loan due on March 2027 assigned with IND
BB/Stable rating.
KEY RATING DRIVERS
The ratings reflect Solaimalai's medium scale of operations, as
indicated by revenue of INR7,512 million in FY21 (FY20: INR6,856
million). The company is a distributor for Procter and Gamble
Company (P&G) in Tamil Nadu. Solaimalai previously operated 52
outlets of P&G across Tamil Nadu. During 1QFY22, P&G transferred
eight of these branches, which were located near the Kerala border,
to the Kerala distributor, and subsequently set up eight new
branches under Solaimalai in central Tamil Nadu. The agency expects
the revenue to decline on a yoy basis in FY22 on account of the
aforementioned closure of eight branches and the time required by
the new branches to become fully operational. However, the agency
expects the revenue to recover to historical levels in FY23.
Liquidity Indicator - Stretched: The company's average working
capital limit utilization was 99% over the 12 months ended December
2021. The company availed INR50 million of ad-hoc facilities during
September-October 2021 to fund their working capital requirements.
The cash flow from operations improved to INR130 million in FY21
(FY20: INR12 million) due to favorable changes in the working
capital. The working capital cycle improved to 40 days in
FY21(FY20: 49 days), due to reduction in the debtor days to 29 days
(FY20: 38 days). The company's payable period stood at nine days
in FY21 (FY20: seven days) and inventory holding period stood at 19
days 18 days).
The ratings reflect Solaimalai's modest EBITDA margins due to the
nature of the business. The margin contracted to 1.71% in FY21
(FY20: 2.22%) due to lower realizations. According to the
management, the company had provided higher discounts to customers
in FY21 to reduce the impact of the COVID-19-led disruptions on the
business. Ind-Ra expects the company's EBITDA margins to remain
stable in the near term.
The ratings also factor in Solaimalai's modest credit metrics due
to the high debt levels (FY21: INR 893 million; FY20: INR890
million). The interest coverage (operating EBITDA/gross interest)
improved to 1.86x in FY21 (FY20: 1.59x) due to a reduction in
interest costs to INR80.54 million (INR110 million). The net
financial leverage (adjusted net debt/operating EBITDA)
deteriorated to 6.09x in FY21 (FY20: 5.75x), mainly due to an
increase in overall debt to INR261.79 million (INR186.86 million).
The agency expects the company's credit metrics to improve in FY22
owing to an increase in absolute EBITDA and reduction in debt.
The ratings are supported by the significant experience of the
promoters. All three partners of the company have over 20 years of
experience in various industries.
RATING SENSITIVITIES
Negative: Substantial deterioration in the liquidity position,
leading to the interest coverage falling below 1.5x, would be
negative for the rating.
Positive: An improvement in the liquidity position while
maintaining the credit metrics would be positive for the rating
COMPANY PROFILE
Solaimalai was incorporated in 1995 by P Pitchai, SP Anand, and SP
Aravind. The company is a distributor for P&G in Tamil Nadu. The
company's registered office is in Madurai, Tamil Nadu.
STANZEN ENGINEERING: Ind-Ra Moves 'B-' Rating to Non-Cooperating
----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Stanzen
Engineering Private Limited's Long-Term Issuer Rating of 'IND
B-(ISSUER NOT COOPERATING)' to the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating actions are as follows:
-- INR50 mil. Fund-based working capital limit* migrated to non-
cooperating category and withdrawn; and
-- INR11.45 mil. Term loan* due on August 2024 migrated to non-
cooperating category and withdrawn.
*Migrated to 'IND B- (ISSUER NOT COOPERATING)' before being
withdrawn
KEY RATING DRIVERS
Ind-Ra has migrated the ratings to the non-cooperating category
because the issuer did not participate in the rating exercise
despite requests by the agency and has not provided information
pertaining to full-year financial performance for FY21, interim,
sanctioned bank facilities and utilization, business plan and
projections, information on corporate governance, and management
certificate.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received no objection certificates from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies. Ind-Ra
will no longer provide analytical and rating coverage.
COMPANY PROFILE
Established in 2010, Stanzen Engineering manufactures auto
components such as clutch, pedal, air bags and other auto
components used in passenger cars. Moreover, the company also
undertakes job work of stamping, wherein it embosses logos on auto
components.
STELLA UDYOG: CARE Lowers Rating on INR7cr LT/ST Loan to C/A4
-------------------------------------------------------------
CARE Ratings has revised the ratings on certain bank facilities of
Stella Udyog (SU), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term/ 7.00 CARE C/CARE A4; ISSUER NOT
Short Term COOPERATING; Rating continues
Bank Facilities to remain under ISSUER NOT
COOPERATING category and
Revised from CARE B-/
CARE A4
Detailed Rationale & Key Rating Drivers
CARE Ratings Ltd. had, vide its press release dated February 5,
2021, placed the rating(s) of SU under the 'issuer non-cooperating'
category as SU 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. SU continues to be
non-cooperative despite repeated requests for submission of
information through e-mails, phone calls and a letter/email dated
December 22, 2021, January 1, 2022, January 11, 2022.
In line with the extant SEBI guidelines, CARE Ratings Ltd. has
reviewed the rating on the basis of the best available information
which however, in CARE Ratings Ltd.'s opinion is not sufficient to
arrive at a fair rating.
Users of this rating (including investors, lenders and the public
at large) are hence requested to exercise caution while using the
above rating(s).
The rating has been revised on account of non-availability of
requisite information.
Stella was incorporated on November 29, 2014 as a partnership firm
by its partner; Mr. Prem Prakash Bansal to engage in trading
business of knitted fabric which is to be used for manufacturing of
hosiery garments by its customers. Mr. Prem Prakash Bansal has
jointly promoted this entity with M/s Advaith Investment Ltd (AIL)
which is a family concern and was incorporated as an investment
entity in May 2008. The flagship entity of the promoters namely Yug
Industries which is also engaged in trading of knitted fabric and
hosiery garments since May 2011. The commercial trading activity of
Stella has started from January 2015.
SURANA META: Ind-Ra Keeps 'B' LT Issuer Rating in Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Surana Meta Cast
(India) Private Limited's Long-Term Issuer Rating of 'IND B (ISSUER
NOT COOPERATING)' in the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR103.6 mil. Term loan* due on June 2023 maintained in non-
cooperating category and withdrawn;
-- INR25 mil. Fund-based limits* maintained in non-cooperating
category and withdrawn; and
-- INR25.5 mil. Non-fund-based limits** maintained in non-
cooperating category and withdrawn.
*Maintained in 'IND B (ISSUER NOT COOPERATING)' before being
withdrawn
**Maintained in 'IND A4 (ISSUER NOT COOPERATING)' before being
withdrawn
KEY RATING DRIVERS
Ind-Ra has maintained the ratings in the non-cooperating category
because the issuer did not participate in the rating exercise
despite requests by the agency and has not provided information
pertaining to full-year financial performance for FY21, interim,
sanctioned bank facilities and utilization, business plan and
projections, information on corporate governance, and management
certificate.
Ind-Ra is no longer required to maintain the ratings, as the agency
has received no objection certificates from the lenders. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies. Ind-Ra
will no longer provide analytical and rating coverage.
COMPANY PROFILE
Incorporated in 2010, Surana Meta Cast (India) manufactures
stainless steel ingots, flat bars and round bars. It has a
manufacturing facility in Mehsana, Ahmedabad. The site has an
installed capacity of 4,000 metric tons per annum.
SURANA METACAST: CRISIL Withdraws D Rating on INR8.48cr Loan
------------------------------------------------------------
CRISIL Ratings has withdrawn its ratings on the bank facilities of
Surana Metacast India Private Limited (SMPL) on the request of the
company and receipt of a no objection certificate from its bank.
The rating action is in line with CRISIL Ratings' policy on
withdrawal of its ratings on bank loans.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 1 CRISIL D/Issuer Not
Cooperating (Withdrawn)
Cash Credit 2.5 CRISIL D/Issuer Not
Cooperating (Withdrawn)
Drop Line Overdraft 8.48 CRISIL D/Issuer Not
Facility Cooperating (Withdrawn)
Letter of Credit 1.50 CRISIL D/Issuer Not
Cooperating (Withdrawn)
Proposed Long Term 2.38 CRISIL D/Issuer Not
Bank Loan Facility Cooperating (Withdrawn)
Term Loan 4.09 CRISIL D/Issuer Not
Cooperating (Withdrawn)
CRISIL Ratings has been consistently following up with SMPL for
obtaining information through letters and emails dated September
15, 2021 and November 12, 2021, among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward-looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SMPL. This restricts CRISIL
Ratings' ability to take a forward-looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on SMPL
is consistent with 'Assessing Information Adequacy Risk'. Based on
the last available information, the rating on bank facilities of
SMPL continues to be 'CRISIL D/CRISIL D Issuer Not Cooperating'.
SMPL, a private limited company, was incorporated in 2011 and is
promoted by the Gujarat based Surana family. The directors of
SRNMCIL are Mr. Sunil Surana and his brother, Mr. Basantilal
Surana. The company is into manufacturing of Stainless Steel (SS)
billets/ingots at Mandali near Mehsana (Gujarat). SRNMCIL also gets
rounds and flats manufactured via jobwork.
SURESH ANGADI: CARE Moves D Debt Rating to Not Cooperating
----------------------------------------------------------
CARE Ratings has migrated rating to the bank facilities of Suresh
Angadi Education Foundation, as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term Bank 79.36 CARE D; ISSUER NOT COOPERATING
Facilities Rating moved to ISSUER NOT
COOPERATING category
Detailed Rationale & Key Rating Drivers
CARE has been seeking information to carry out annual surveillance
of Suresh Angadi Education Foundation to monitor the ratings vide
e-mail communications dated January 28, 2022- March 3,2022 , and
numerous phone calls. However, despite CARE's repeated requests,
the trust has not provided the information for monitoring the
requisite ratings. In line with the extant SEBI guidelines, CARE
has reviewed the rating on the basis of best available information
which however, in CARE's opinion is not sufficient to arrive at
fair rating. The rating on Suresh Angadi Education Foundation 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).
CARE has been unable to reach the lenders and auditor of the entity
to assess the debt repayment track record. Further, entity has also
not submitted information sought along with financials, operational
information, No default statement and bank statements.
Detailed description of the key rating drivers
At the time of last rating on April 28, 2021, the following were
the rating strengths and weaknesses.
Key Rating Weaknesses
* Delays in repayment of sanctioned facilities: As per the bank
statements submitted, the trust is servicing the repayment
obligations along with delay as a result penal interest is also
charged in the bank statements. As per subsequent interaction with
the banker, the same was also confirmed.
Suresh Angadi Education Foundation (SAEF) was established in the
year 2008 by Late Mr. Suresh Channabasappa Angadi, who was once an
MP from Belagavi, Karnataka till Sept'20. The trust was established
to set up educational institutions in Belagavi.
SURYA ELECTRO: CRISIL Withdraws B+ Rating on INR3.56cr LT Loan
--------------------------------------------------------------
CRISIL Ratings has withdrawn its rating on the bank facilities of
Surya Electro Multi Services Private Limited (SEMSPL) on the
request of the company and after receiving no objection certificate
from the bank. The rating action is in-line with CRISIL Rating's
policy on withdrawal of its rating on bank loan facilities.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit& 1.20 CRISIL B+/Stable/Issuer Not
Cooperating (Withdrawn)
Proposed Long Term 3.56 CRISIL B+/Stable/Issuer Not
Bank Loan Facility Cooperating (Withdrawn)
Term Loan 0.24 CRISIL B+/Stable/Issuer Not
Cooperating (Withdrawn)
CRISIL Ratings has been consistently following up with SEMSPL for
obtaining information through letters and emails dated March 8,
2022 and March 12, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of SEMSPL. This restricts CRISIL
Ratings' ability to take a forward looking view on the credit
quality of the entity. CRISIL Ratings believes that rating action
on SEMSPL is consistent with 'Assessing Information Adequacy Risk'.
CRISIL Ratings has migrated the ratings on the bank facilities of
SEMSPL to 'CRISIL B+/Stable Issuer not cooperating'.
CRISIL Ratings has withdrawn its rating on the bank facilities of
SEMSPL on the request of the company and after receiving no
objection certificate from the bank. The rating action is in-line
with CRISIL Rating's policy on withdrawal of its rating on bank
loan facilities.
Incorporated in 2008, SEMSPL provides turnkey solutions, such as
solar street light installation and solar water heater
installation. It also trades in solar street lights and rooftop
panels and light-emitting diode tube lights and street lights. The
company is owned and managed by Mr. Anand Suryawanshi, Ms Aruna
Suryawanshi and Mr. Deepak Nikam.
VISHESH OVERSEAS: CRISIL Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------------
CRISIL Ratings said the ratings on bank facilities of Vishesh
Overseas (VO) continue to be 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Export Packing 16 CRISIL B+/Stable (Issuer Not
Credit & Export Cooperating)
Bills Negotiation/
Foreign Bill
discounting
Letter of credit 1 CRISIL A4 (Issuer Not
& Bank Guarantee Cooperating)
Proposed Fund- 3 CRISIL B+/Stable (Issuer Not
Based Bank Limits Cooperating)
CRISIL Ratings has been consistently following up with VO for
obtaining information through letters and emails dated January 22,
2022 and February 28, 2022 among others, apart from telephonic
communication. However, the issuer has remained non cooperative.
'The investors, lenders and all other market participants should
exercise due caution with reference to the rating assigned/reviewed
with the suffix 'ISSUER NOT COOPERATING' as the rating is arrived
at without any management interaction and is based on best
available or limited or dated information on the company. Such non
co-operation by a rated entity may be a result of deterioration in
its credit risk profile. These ratings with 'ISSUER NOT
COOPERATING' suffix lack a forward looking component.'
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
Ratings failed to receive any information on either the financial
performance or strategic intent of VO, which restricts CRISIL
Ratings' ability to take a forward looking view on the entity's
credit quality. CRISIL Ratings believes that rating action on VO is
consistent with 'Assessing Information Adequacy Risk'. Based on the
last available information, the ratings on bank facilities of VO
continues to be 'CRISIL B+/Stable/CRISIL A4 Issuer Not
Cooperating'.
Established in 1981 in Gurugram as a partnership firm by Mr. Rajiv
Prem and Mr. Adil Prem, VO manufactures and exports ready-made
garments for women and children.
=====================
N E W Z E A L A N D
=====================
116 CALLISTO: Creditors' Proofs of Debt Due on May 6
----------------------------------------------------
Creditors of 116 Callisto Limited are required to file their proofs
of debt by May 6, 2022, to be included in the company's dividend
distribution.
Geoff Brown and Lynda Smart of Rodgers Reidy (NZ) were appointed
jointly and severally as liquidators of the company by order of the
High Court of New Zealand at Auckland on March 25, 2022.
The company's liquidators are:
Geoff Brown
Lynda Smart
Rodgers Reidy (NZ) Limited
PO Box 45220
Te Atatu, Auckland 0651
B.J. VINEYARD: Creditors' Proofs of Debt Due on April 20
--------------------------------------------------------
Creditors of B.J. Vineyard Contractors Limited are required to file
their proofs of debt by April 20, 2022, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on Jan. 17, 2022.
The company's liquidator is:
David Thomas
PO Box 8045, Tauranga 3110
Email: david@companyliquidation.co.nz
CW2020 LIMITED: Creditors' Proofs of Debt Due on April 28
---------------------------------------------------------
Creditors of CW2020 Limited are required to file their proofs of
debt by April 28, 2022, to be included in the company's dividend
distribution.
The company commenced wind-up proceedings on March 22, 2022.
The company's liquidators are:
Jeffrey Philip Meltzer
Rachel Mason-Thomas
Meltzer Mason
PO Box 6302
Victoria Street West
Auckland 1141
FOOD COMPANY: Court to Hear Wind-Up Petition on April 4
-------------------------------------------------------
A petition to wind up the operations of The Food Company NZ Limited
will be heard before the High Court at Hamilton on April 4, 2022,
at 10:45 a.m.
Unimax Limited filed the petition against the company on March 7,
2022.
The Petitioner's solicitor is:
Malcolm David Whitlock
Whitlock & Co.
Level 4
162 Victoria Street West
Auckland
POOLS PLUS: Creditors' Proofs of Debt Due on April 21
-----------------------------------------------------
Creditors of Pools Plus More Limited are required to file their
proofs of debt by April 21, 2022, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on March 16, 2022.
The company's liquidator is:
David Thomas
PO Box 8045, Tauranga 3110
Email: david@companyliquidation.co.nz
=================
S I N G A P O R E
=================
NEXT DISTRIBUTION: Court to Hear Wind-Up Petition on April 1
------------------------------------------------------------
A petition to wind up the operations of Next Distribution Pte Ltd
will be heard before the High Court of Singapore on April 1, 2022,
at 10:00 a.m.
DHL Express (Singapore) Pte. Ltd. filed the petition against the
company on March 11, 2022.
The Petitioner's solicitors are:
Dentons Rodyk & Davidson LLP
80 Raffles Place
#33-00, UOB Plaza 1
Singapore 048624
QUANT IMPEX: Court to Hear Wind-Up Petition on April 8
------------------------------------------------------
A petition to wind up the operations of Quant Impex Pte Ltd will be
heard before the High Court of Singapore on April 8, 2022, at 10:00
a.m.
The Comptroller of Income Tax filed the petition against the
company on March 16, 2022.
The Petitioner's solicitors are:
Infinitus Law Corporation
77 Robinson Road, #16-00, Robinson 77
Singapore 068896
SUN-BAKED PTE: Creditors' Proofs of Debt Due on April 22
--------------------------------------------------------
Creditors of Sun-Baked Pte Ltd, which is in voluntary liquidation,
are required to file their proofs of debt by April 22, 2022, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on March 16, 2022.
The company's liquidators can be reached at:
Mr. Lin Yueh Hung
Ms. Oon Su Sun
8 Wilkie Road
#03-08 Wilkie Edge
Singapore 228095
TITAN SUPPLY: Creditors' Proofs of Debt Due on April 25
-------------------------------------------------------
Creditors of Titan Supply Chain Services Pte Ltd are required to
file their proofs of debt by April 25, 2022, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on March 17, 2022.
The company's liquidators can be reached at:
Ong Kok Yeong David
Lee Wei Hsiung
c/o Tricor Singapore
80 Robinson Road, #02-00
Singapore 068898
TMG PROJECTS: Court Enters Wind-Up Order
----------------------------------------
The High Court of Singapore entered an order on March 18, 2022, to
wind up the operations of TMG Projects Pte. Ltd. f.k.a. Isoteam
Projects Pte. Ltd.
Hua Da Engineering Pte Ltd filed the petition against the company.
The company's liquidators are:
Keoy Soo Earn and Muk Siew Peng
c/o Deloitte & Touche LLP
6 Shenton Way
#33-00, OUE Downtown
Singapore 068809
=====================
S O U T H K O R E A
=====================
SSANGYONG MOTOR: Edison's Acquisition Fails on Payment Failure
--------------------------------------------------------------
Yonhap News Agency reports that SsangYong Motor Co., the South
Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said March
28 it has canceled the deal to sell its controlling stake to Edison
Motors Co. due to the electric bus maker's payment failure.
According to the report, SsangYong announced the termination of the
contract with a local consortium led by Edison Motors, under which
it had offered to buy the SUV-focused carmaker for KRW304.8 billion
(US$249.1 million).
Edison has paid 10 percent of the acquisition money but failed to
pay the remaining KRW274.3 billion by the March 25 deadline, Yonhap
relays.
"The contract was automatically canceled as the Edison-led
consortium did not pay the remainder for the acquisition five
business days before the date of the creditors' meeting (on April
1)," SsangYong as saying in a regulatory filing.
Yonhap relates that SsangYong's creditors were planning to discuss
on April 1 whether to approve Edison's debt payment plans if the
remainder was paid fully.
SsangYong plans to seek a new buyer and submit a new rehabilitation
plan to the Seoul Bankruptcy Court, the company said without
providing any specific timeframe for the submission, according to
Yonhap.
In January, the Edison consortium signed a final deal with
SsangYong on the takeover following the court's approval of the
acquisition plan, Yonhap recalls.
But Edison Motors has had trouble raising funds for the takeover
deal as Edison EV, its key affiliate involved in the funding, is
struggling with its own financial trouble with consecutive
operating losses, the report notes.
Edison Motors had requested the court allow the creditors' meeting
to be postponed to May 23 or later to buy time for the takeover
process.
According to the report, KPMG Samj ong Accounting Corp., the
auditor of SsangYong, declined to give its opinion on the
carmaker's annual financial statements for the year 2020.
SsangYong could be delisted if its accounting firm again refuses to
offer an opinion on the company's annual performance for the year
of 2021 after the one-year period.
On April 14, the Korea Exchange (KRX) is expected to decide whether
to delist SsangYong from the country's main bourse based on this
year's audit results and the court-led M&A conditions, Yonhap
notes.
Yonhap says the collapse of the deal marks yet another setback to
SsangYong, which was placed under a court-led restructuring program
in April last year after its Indian parent parent failed to attract
an investor amid the COVID-19 pandemic and its worsening financial
status.
Edison has said it will set up a special purpose company to raise
from KRW800 billion to KRW1 trillion starting this year to invest
in a stake of SsangYong through various means, including a rights
issue, loans and bond issuance, to achieve a turnaround within
three to five years, Yonhap adds.
Edison said it aims to transform SsangYong into an EV-focused
carmaker in the next decade in line with changes in the automobile
market.
About SsangYong Motor
Headquartered in Kyeonggi-Do, South Korea, Ssangyong Motor Co. Ltd.
engages in the manufacture and sale of automobiles. The Company
mainly manufactures and sells recreational vehicles (RVs), sports
utility vehicles (SUVs), multi-purpose vehicles (CDVs) and
passenger cars under the brand name of Rexton Sports, Korando,
Korando Sports, Korando Turismo, Tivoli, Tivoli Air and others. The
Company also provides automobile parts. The Company distributes its
products within domestic market and to overseas markets.
Mahindra & Mahindra Ltd. acquired a 70% stake in SsangYong for
KRW523 billion in 2011 and now holds a 74.65% stake in the
carmaker.
On Dec. 21, 2020, SsangYong Motor filed for court receivership as
it struggles with snowballing debts amid the COVID-19 pandemic,
according to Yonhap News Agency. The decision comes after SsangYong
Motor failed to pay KRW60 billion (US$54.8 million) worth of debts
to its three creditor banks.
On April 15, 2021, SsangYong Motor Co. was placed under court
receivership as its Indian parent Mahindra & Mahindra failed to
attract an investor amid the prolonged COVID-19 pandemic and its
financial status is further worsening.
SsangYong and its lead manager, the EY Hanyoung accounting firm,
recently selected a local consortium led by Edison Motors Co. as
the preferred bidder for the debt-laden carmaker.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week March 21, 2022 to March 25, 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,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.
Copyright 2022. All rights reserved. ISSN: 1520-9482.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly prohibited
without prior written permission of the publishers.
Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.
TCR-AP subscription rate is US$775 for 6 months delivered via e-
mail. Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance
thereof are US$25 each. For subscription information, contact
Peter Chapman at 215-945-7000.
*** End of Transmission ***