/raid1/www/Hosts/bankrupt/TCRAP_Public/190813.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, August 13, 2019, Vol. 22, No. 161
Headlines
A U S T R A L I A
BRADFORD (WA): Second Creditors' Meeting Set for Aug. 21
DOULTON INVESTMENTS: Second Creditors' Meeting Set for Aug. 20
ENERGYLINK HOLDINGS: Second Creditors' Meeting Set for Aug. 20
MOKO DESIGN: Second Creditors' Meeting Set for Aug. 20
NVISION PTY: First Creditors' Meeting Set for Aug. 22
WALCHIME KITCHEN: Second Creditors' Meeting Set for Aug. 20
I N D I A
AL NAFEES: CRISIL Maintains 'D' Ratings in Not Cooperating
AMAZON ENTERPRISES: CRISIL Keeps B+ Ratings in Not Cooperating
ARR INFRA: CRISIL Keeps B in INR5cr Loan in Not Cooperating
ASCENT NETWORKS: Ind-Ra Affirms Then Withdraws 'B+' Issuer Rating
AXIS OVERSEAS: Ind-Ra Affirms BB- on INR220MM Capital Limits
B. K. POLYTECH: CRISIL Maintains B+ Ratings in Not Cooperating
B.P. PACKAGINGS: CRISIL Lowers Rating on INR6.15cr Loans to B+
BAYIR EXTRACTS: CRISIL Lowers Rating on INR3.5cr Loan to B+
BHANDARI CHARITABLE: Ind-Ra Rates INR143MM Bank Loan 'B-'
BRAND ALLOYS: Ind-Ra Migrates 'BB' LT Rating to Non-Cooperating
BRISTOL TOURIST: CRISIL Maintains 'D' Rating in Not Cooperating
DEV PRAYAG: CRISIL Maintains 'B' Rating in Not Cooperating
DR. JJ MAGDUM: CRISIL Assigns B Ratings to INR15cr Loans
DWARKADHEESH HAVELI: CRISIL Keeps D Debt Rating on NonCooperating
GOPAL CHAKRABORTY: Ind-Ra Hikes Rating on INR244MM Loans to BB
GVNS TOLLWAY: Ind-Ra Keeps D Rating on INR360MM Bank Loans
IL&FS: NCLAT Expresses Displeasure Over Resolution Process Delay
INDUS UNIVERSITY: Ind-Ra Rates INR97-Mil. Bank Loan 'B'
JET AIRWAYS: Volcan Investment Keen in Buying Jet Stake
KOPPAL SOLAR: CRISIL Keeps D on INR10cr Loan in Not Cooperating
LAGGAR INDUSTRIES: CRISIL Keeps D on INR14cr Loan in NonCooperating
LALCHAND JEWELLERS: CRISIL Cuts Ratings on INR50cr Loans to B+
LUNI POWER: CRISIL Keeps D on INR15cr Loan in Not Cooperating
M. CHANDRAVADANA: CRISIL Keeps B+ in INR5cr Loan in Not Cooperating
MAA PADMAWATI: CRISIL Maintains 'D' Ratings in Not Cooperating
METROPOLIS PROPERTIES: CRISIL Cuts Ratings on INR10cr Loans to B+
MUDHAI DAIRY: CRISIL Keeps D on INR3.75cr Loan in Not Cooperating
ORCHID PHARMA: NCLAT Stays NCLT Order Approving Dhanuka Lab's Plan
RAI INFRASTRUCTURE: CRISIL Hikes Ratingson INR16.30cr Loan to B+
I N D O N E S I A
MNC INVESTAMA: Moody's Lowers CFR to Caa1, Outlook Negative
M A L A Y S I A
GOLDEN PALM: Growers Scheme's Joint Hearing Set for Sept. 26
N E W Z E A L A N D
AETHON INFRASTRUCTURE: Goes Into Receivership
MAINZEAL PROPERTY: Liquidators File Bankruptcy Application vs Yan
S I N G A P O R E
EZION HOLDINGS: Posts US$364MM Net Loss in Q2 Ended June 30
X X X X X X X X
[*] BOND PRICING: For the Week Aug. 5, 2019 to Aug. 9, 2019
- - - - -
=================
A U S T R A L I A
=================
BRADFORD (WA): Second Creditors' Meeting Set for Aug. 21
--------------------------------------------------------
A second meeting of creditors in the proceedings of Bradford (WA)
Pty Ltd, trading as Dome Galleria, has been set for Aug. 21, 2019,
at 10:00 a.m. at Eagle Room, Level 24, Allendale Square, at 77 St
Georges Terrace, in Perth, WA.
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 Aug. 20, 2019, at 4:00 p.m.
Mathieu Tribut of GTS Advisory was appointed as administrator of
Bradford (WA) on July 16, 2019.
DOULTON INVESTMENTS: Second Creditors' Meeting Set for Aug. 20
--------------------------------------------------------------
A second meeting of creditors in the proceedings of Doulton
Investments Pty Limited, trading as Windsor Tyre and Auto Service,
has been set for Aug. 20, 2019, at 12:00 p.m. at the offices of
Condon Associates, Level 6, at 87 Marsden Street, in Parramatta,
NSW.
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 Aug. 19, 2019, at 4:00 p.m.
Schon Gregory Condon of Condon Associates was appointed as
administrator of Doulton Investments on July 16, 2019.
ENERGYLINK HOLDINGS: Second Creditors' Meeting Set for Aug. 20
--------------------------------------------------------------
A second meeting of creditors in the proceedings of Energylink
Holdings Pty Ltd has been set for Aug. 20, 2019, at 11:00 a.m. at
the offices of Cor Cordis, One Wharf Lane, Level 20, at 171 Sussex
Street, in Sydney, NSW.
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 Aug. 19, 2019, at 4:00 p.m.
Andre Lakomy and Alan Walker of Cor Cordis were appointed as
administrators of Energylink Holdings on July 15, 2019.
MOKO DESIGN: Second Creditors' Meeting Set for Aug. 20
------------------------------------------------------
A second meeting of creditors in the proceedings of Moko Design And
Construct Pty Ltd has been set for Aug. 20, 2019, at 11:00 a.m. at
the offices of Nicols + Brien, Level 2, at 350 Kent Street, in
Sydney, NSW.
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 Aug. 20, 2019, at 11:00 a.m.
Steven Nicols of Nicols + Brien was appointed as administrator of
Moko Design on July 17, 2019.
NVISION PTY: First Creditors' Meeting Set for Aug. 22
-----------------------------------------------------
A first meeting of the creditors in the proceedings of Nvision Pty
Ltd will be held on Aug. 22, 2019, at 11:00 a.m. at Level 9, at 60
Pitt Street, in Sydney, NSW.
Michael Hogan and Christian Sprowles of Hogan Sprowles were
appointed as administrators of Nvision Pty on Aug. 12, 2019.
WALCHIME KITCHEN: Second Creditors' Meeting Set for Aug. 20
-----------------------------------------------------------
A second meeting of creditors in the proceedings of Walchime
Kitchen & Bathroom Pty Ltd has been set for Aug. 20, 2019, at 11:00
a.m. at the offices of Cor Cordis, Level 19, Waterfront Place, at 1
Eagle Street, in Brisbane, Queensland.
The purpose of the meeting is (1) to receive the report by the
Administrator about the business, property, affairs and financial
circumstances of the Company; and (2) for the creditors of the
Company to resolve whether the Company will execute a deed of
company arrangement, the administration should end, or the Company
be wound up.
Creditors wishing to attend are advised proofs and proxies should
be submitted to the Administrator by Aug. 19, 2019, at 4:00 p.m.
Darryl Kirk of Cor Cordis was appointed as administrator of
Walchime Kitchen on July 16, 2019.
=========
I N D I A
=========
AL NAFEES: CRISIL Maintains 'D' Ratings in Not Cooperating
----------------------------------------------------------
CRISIL said the ratings on bank facilities of Al Nafees Frozen Food
Exports Private Limited (ANFF) continues to be 'CRISIL D/CRISIL D
Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Bank Guarantee 5 CRISIL D (ISSUER NOT
COOPERATING)
Cash Credit 233 CRISIL D (ISSUER NOT
COOPERATING)
Foreign Bill
Discounting 50 CRISIL D (ISSUER NOT
COOPERATING)
Letter of Credit
Bill Discounting 7 CRISIL D (ISSUER NOT
COOPERATING)
Proposed Long Term
Bank Loan Facility 60 CRISIL D (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with ANFF for obtaining
information through letters and emails dated February 26, 2019 and
July 30, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of ANFF, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on ANFF is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of ANFF continues to be 'CRISIL D/CRISIL D Issuer not
cooperating'.
ANFF, promoted by Mr. Mohammad Mustaqeem Qureshi in 1987, is the
flagship company of the Al Nafees group. It processes and exports
buffalo meat. Its plant in Dasna (Uttar Pradesh) has capacity to
process 150 tonnes per day (tpd) of frozen meat. Its rented plant
in Hyderabad has a capacity of 90 tpd.
AMAZON ENTERPRISES: CRISIL Keeps B+ Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Amazon Enterprises
Private Limited (AEPL) continues to be 'CRISIL B+/Stable Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 7.95 CRISIL B+/Stable (ISSUER NOT
COOPERATING)
Proposed Long Term .47 CRISIL B+/Stable (ISSUER NOT
Bank Loan Facility COOPERATING)
Term Loan 3.58 CRISIL B+/Stable (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with AEPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of AEPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on AEPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of AEPL continues to be 'CRISIL B+/Stable Issuer not
cooperating'.
AEPL was incorporated by Mr M Kamalnath and Mr K Radhkrishana in
2013. It collects, sorts, and grades waste paper, and sells to
paper mills in Telangana and Andhra Pradesh. The company has
processing capacity of 500 tonne per annum (tpa) in Moosapet,
Telangana, and is setting up 2000-tpa capacity in Suraram,
Telangana.
ARR INFRA: CRISIL Keeps B in INR5cr Loan in Not Cooperating
-----------------------------------------------------------
CRISIL said the ratings on bank facilities of ARR Infra Promoters
(AIP) continues to be 'CRISIL B/Stable Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Overdraft 5 CRISIL B/Stable (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with AIP for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of AIP, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on AIP is consistent
with 'Scenario 1' outlined in the 'Framework for Assessing
Consistency of Information with CRISIL BB' rating category or
lower'.
Based on the last available information, the ratings on bank
facilities of AIP continues to be 'CRISIL B/Stable Issuer not
cooperating'.
AIP was established by Mr Rajhamani as a proprietorship firm in
2010. Based in Erode, Tamil Nadu, the firm undertakes road
construction activities.
ASCENT NETWORKS: Ind-Ra Affirms Then Withdraws 'B+' Issuer Rating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed and withdrawn
Ascent Networks Private Limited's (ANPL) Long-Term Issuer Rating of
'IND B+'. The Outlook was Stable.
The instrument-wise rating actions are:
-- The 'IND B+' rating on the INR35 mil. Fund-based working
capital facilities* affirmed and withdrawn; and
-- The 'IND A4' rating on the INR42 mil. Non-fund-based working
capital facilities^ affirmed and withdrawn.
*Affirmed at 'IND B+'/Stable/'IND A4' before being withdrawn
^ Affirmed at 'IND A4' before being withdrawn
Ind-Ra is no longer required to maintain the ratings, as the agency
has received a no-objection certificate from the lender. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017, for credit rating agencies.
KEY RATING DRIVERS
The affirmation reflects ANPL's continued weak credit profile
despite interest coverage (operating EBITDA/gross interest expense)
improving to 1.4x according to the provisional financials for FY19
(FY18: 1.1x) and net leverage (adjusted net debt / operating
EBITDAR) to 7.5x (7.9x), driven by an increase in operating EBITDA
to INR7.7 million (INR6.8 million). The company's total debt
increased to INR60 million in FY19 (FY18: INR55 million).
Revenue increased to INR156 million (FY18: INR146 million) on
account of the execution of the majority of orders in FY19.
However, it has remained weak over FY15-FY19 due to the intense
competition in the industry. At end-June 2019, the company had
outstanding orders worth INR30 million likely to be completed by
October 2019. Operating profitability remained moderate despite
increasing slightly to 4.9% in FY19 (FY18: 4.6%) due to the better
absorption of fixed costs. Return on capital employed was 9% in
FY19 (FY18: 8%). Ind-Ra expects the operating profitability to
increase further over the medium term aided by the various costs
control measures taken by the company.
The ratings are supported by ANPL's comfortable liquidity, as
indicated by 78% average utilization of its fund-based facilities
for the 12 months ended June 2019. The company does not have any
repayment obligations in the near term due to the absence of term
debt. The net cash conversion cycle marginally improved to 155 days
in FY19 (FY18:162 days) on lower debtor days of 292 (299). The
creditor days remained in the range of 80-188 over FY16-FY19.
The ratings continue to be supported by the promoters' experience
of more than two decades in electronic systems integration and
installation.
COMPANY PROFILE
ANPL provides system-integrated designs and installs products for
data, voice, sound and security applications. Its promoters are
Bishwambhar Dayal Bubna and Ajaykumar Bubna.
AXIS OVERSEAS: Ind-Ra Affirms BB- on INR220MM Capital Limits
------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Axis Overseas
Limited's (AOL) Long-Term Issuer Rating at 'IND BB-'. The Outlook
is Stable.
The instrument-wise rating actions are:
-- INR220 mil. Fund-based working capital limits affirmed with
IND BB-/Stable rating; and
-- INR30 mil. Non-fund-based working capital limits affirmed with
IND A4+ rating.
KEY RATING DRIVERS
The affirmation reflects AOL's continued medium scale of operation
and weak credit metrics owing to its presence in the highly
competitive jute trading industry. According to the provisional
financials for FY19, revenue improved to INR2,138.03 million in
FY19 from INR1,861.27 million in FY18 due to an increase in the
prices of the products the company trades. Interest coverage
(operating EBITDA/net interest expenses) was 1.10x in FY19 (FY18:
1.08x) due to low operating margins and the net financial leverage
(adjusted net debt/EBITDA) was 10.31x (11.66x) due to high debt
level. The company's modest margins fell to 2.06% in FY19 (FY18:
2.20%) because of a marginally rise in material cost. The return on
capital employed was 6.41% in FY19 (FY18: 5.85%).
The ratings continue to reflect AOL's tight liquidity, indicated by
an average utilization of the fund-based limits of about 98.57% for
the 12 months ended June 2019. Networking capital cycle remained at
high 83 days in FY19 (FY18: 99 days).
The ratings, however, continue to benefit from the promoters' three
decades of experience in the jute trading business.
RATING SENSITIVITIES
Negative: Interest coverage ratio not improving above 1.2x by FY20
will be negative for ratings.
Positive: An increase in the profitability leading to an
improvement in the overall credit metrics with interest coverage
being sustained above 1.5x will be positive for the ratings.
COMPANY PROFILE
Kolkata-based AOL was incorporated in December 2005 by Aditya Sarda
and his family. The company primarily trades raw jute and finished
jute products. It mainly purchases raw jute from local brokers and
sells it to jute mills in West Bengal that manufacture jute bags.
B. K. POLYTECH: CRISIL Maintains B+ Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of B. K. Polytech
Private Limited (BKPPL) continues to be 'CRISIL B+/Stable Issuer
not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 2.42 CRISIL B+/Stable (ISSUER NOT
COOPERATING)
Long Term Loan 7.08 CRISIL B+/Stable (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with BKPPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of BKPPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on BKPPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of BKPPL continues to be 'CRISIL B+/Stable Issuer not
cooperating'.
Incorporated in July 2013 and promoted by Mr. Binod Gupta, Mr.
Rohit Gupta, and Mr. Rahul Gupta, BKPPL is setting up a unit to
manufacture polypropylene and high density polyethylene woven sacks
and fabrics. Commercial operations are expected to commence from
March 2017.
B.P. PACKAGINGS: CRISIL Lowers Rating on INR6.15cr Loans to B+
--------------------------------------------------------------
CRISIL has revised the ratings on bank facilities of B.P.
Packagings Private Limited (BPPL) Revised to 'CRISIL B+/Stable
Issuer not cooperating' from 'CRISIL BB-/Stable Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 4.15 CRISIL B+/Stable (ISSUER NOT
COOPERATING; Revised from
'CRISIL BB-/Stable ISSUER NOT
COOPERATING')
Proposed Long Term .60 CRISIL B+/Stable (ISSUER NOT
Bank Loan Facility COOPERATING; Revised from
'CRISIL BB-/Stable ISSUER NOT
COOPERATING')
Term Loan 1.40 CRISIL B+/Stable (ISSUER NOT
COOPERATING; Revised from
'CRISIL BB-/Stable ISSUER NOT
COOPERATING')
CRISIL has been consistently following up with BPPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of BPPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on BPPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of BPPL Revised to be 'CRISIL B+/Stable Issuer not
cooperating' from 'CRISIL BB-/Stable Issuer not cooperating'.
Incorporated in 1991 in Shikohabad, Uttar Pradesh, and promoted by
Tikmani family, BPPL manufactures corrugated rolls and boxes.
BAYIR EXTRACTS: CRISIL Lowers Rating on INR3.5cr Loan to B+
-----------------------------------------------------------
CRISIL has revised the ratings on bank facilities of Bayir Extracts
Private Limited (BEPL) to 'CRISIL B+/Stable Issuer not cooperating'
from 'CRISIL BB+/Stable Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 3.5 CRISIL B+/Stable (ISSUER NOT
COOPERATING; Revised from
'CRISIL BB+/Stable ISSUER NOT
COOPERATING')
CRISIL has been consistently following up with BEPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of BEPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on BEPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of BEPL Revised to be 'CRISIL B+/Stable Issuer not
cooperating' from 'CRISIL BB+/Stable Issuer not cooperating'.
BEPL is a 100 per cent (export orientated unit) EOU and is engaged
in manufacturing of herbal products from plant extracts having its
application in various industries like formulation, cosmetics, end
consumption by humans, Ayurveda medicines etc. BEPL has only one
manufacturing facility which has a capacity of 50 tonnes per
month.
BHANDARI CHARITABLE: Ind-Ra Rates INR143MM Bank Loan 'B-'
---------------------------------------------------------
India Ratings and Research (Ind-Ra) has taken the following rating
actions on Bhandari Charitable Trust's (BCT) bank facilities:
-- INR143.25 mil. Bank loan assigned with IND B-/Stable rating;
and
-- INR6.75 mil. Proposed bank loan* assigned with Provisional IND
B-/Stable rating.
*The rating is provisional and shall be confirmed upon the sanction
and execution of loan documents for the above facilities to the
satisfaction of Ind-Ra.
KEY RATING DRIVERS
The ratings reflect BCT's small scale of operations as indicated by
the total income of INR32.31 million, according to the provisional
financials of FY19 (FY18: INR43.67 million). The number of students
using the hostel facility provided by the trust was low at 239 in
FY19 (FY18: 207, FY15: 177). However, capacity utilization
increased to 87.55% in FY19 from 79.02% in FY15 (FY18: 90.79%)
owing to the commencement of new courses in BCT's private
university – Indus University.
Debt service coverage ratio was weak in the range of 0.15x-0.91x
over FY15-FY19 (FY19: 0.15x, FY18: 0.81x) due to limited operating
profitability to service debt obligations. However, BCT received
financial support in the range of INR256.04 million-INR307.20
million during this period by its group concern by way of unsecured
loan.
BCT's debt burden (debt/current balance before interest,
depreciation, and rent (CBBID) is on the higher side; it increased
to 20.61x in FY19 from 8.22x in FY14 (FY18: 11.33x) due to a fall
in CBBID to INR18.6 million in FY19 from INR32.27 million in FY14
and a simultaneous increase in debt to INR382.51 million from
INR265.24 million.
The trust's operating margins were volatile in the range of
57.29%-80.22% over FY15-FY19 (FY19: 57.29%, FY18: 72.03%) due to an
increase in key operating expenditure at a CAGR of 21.25% against
growth of total income at a CAGR of 0.03%. Due to high depreciation
and interest costs, the trust's operating profit has been
inadequate to recover the fixed costs. Consequently, the trust has
been incurring net loss since FY15.
BCT's available funds were insufficient to provide adequate cushion
to total debt and debt servicing though they provided adequate
cushion to operating expenditure over FY15-FY19. In FY19, available
funds to cover total debt (INR382.51 million) deteriorated to 3.45%
(FY15: 5.28%) and operating expenditure (INR13.75 million) declined
to 96.03% (339.05%). Also, available funds to cover total debt
servicing (FY19: INR120.27 million) deteriorated to 10.98% in FY19
(FY15: 75.95%) due to an increase in debt servicing.
The ratings benefit from the highly qualified and experienced
promoters along with financial support from trustees in the form of
unsecured loans (FY19: INR303.01 million, FY18: INR256.04
million).
RATING SENSITIVITIES
Positive: Events that could individually or collectively for two
consecutive years lead to a positive rating action are:
- an increase in the total income to above INR60 million with the
improved and positive current balance
- maintenance of debt service coverage, excluding prepayments
ratio, at above 1x along with debt/CBBID of 5x
Negative: Events that could individually or collectively for two
consecutive years lead to a negative rating action are:
- an unexpected fall in the student headcount to below 150
leading to falling in total income below INR15 million
- a higher-than-expected increase in CAPEX to INR90 million along
with debt/CBBID to 7x
COMPANY PROFILE
BCT has been registered under the society's Act in 1988 in
Ahmedabad, Gujarat. The trust provides separate hostels for boys
and girls to Indus University students which BCT manages under
Indus University campus. The hostel is spread over 13,164 sf area.
BRAND ALLOYS: Ind-Ra Migrates 'BB' LT Rating to Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Brand Alloys
Private Limited's (BAPL) Long-Term Issuer Rating to the
non-cooperating category. The issuer did not participate in the
rating exercise, despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND BB (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating actions are:
-- INR156.7 mil. Long-term loans due on February 2021 migrated to
non-cooperating category with IND BB (ISSUER NOT COOPERATING)
rating;
-- INR115 mil. Fund-based limits migrated to non-cooperating
category with IND BB (ISSUER NOT COOPERATING) rating; and
-- INR50 mil. Non-fund-based limits migrated to non-cooperating
category with IND A4+ (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
August 8, 2018. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
COMPANY PROFILE
BAPL was incorporated as a limited company in June 1994 and changed
into a private limited company in January 2017. It manufactures
steel billets, CASNUB bogies and related components, coupler
components, thermomechanical treatment bars and stainless steel
castings for Indian Railways.
BRISTOL TOURIST: CRISIL Maintains 'D' Rating in Not Cooperating
---------------------------------------------------------------
CRISIL said the ratings on bank facilities of Bristol Tourist
Complex (BTC) continues to be 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Term Loan 50 CRISIL D (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with BTC for obtaining
information through letters and emails dated February 26, 2019 and
July 30, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of BTC, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on BTC is consistent
with 'Scenario 1' outlined in the 'Framework for Assessing
Consistency of Information with CRISIL BB' rating category or
lower'.
Based on the last available information, the ratings on bank
facilities of BTC continues to be 'CRISIL D Issuer not
cooperating'.
BTC was set up by Mr Gurpreet Singh and his mother, Ms Sharanjit
Kaur. The firm operates a five-star hotel in Zirakpur, a satellite
town near Chandigarh. BTC has tied up with Park Plaza to manage its
hotel.
DEV PRAYAG: CRISIL Maintains 'B' Rating in Not Cooperating
----------------------------------------------------------
CRISIL said the ratings on bank facilities of Dev Prayag Paper Mill
Private Limited (DPML) continues to be 'CRISIL B/Stable Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 2 CRISIL B/Stable (ISSUER NOT
COOPERATING)
Term Loan 7 CRISIL B/Stable (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with DPML for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of DPML, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on DPML is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of DPML continues to be 'CRISIL B/Stable Issuer not
cooperating'.
Established in 2013, promoted by Mr Bharat Agarwal, Mr Sandeep
Agarwal, and Mr Mahesh Chand Agarwal, DPML manufactures kraft paper
and light-weight coated duplex board. It commenced operations at
its facility in Allahabad (Uttar Pradesh) in September 2015.
DR. JJ MAGDUM: CRISIL Assigns B Ratings to INR15cr Loans
--------------------------------------------------------
CRISIL has assigned its 'CRISIL B/Stable' rating to the long term
bank facilities of Dr. J. J. Magdum Trust (JJMT).
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Term
Loan 2.7 CRISIL B/Stable (Assigned)
Long Term Loan 7.3 CRISIL B/Stable (Assigned)
Proposed Cash
Credit Limit 5.0 CRISIL B/Stable (Assigned)
The rating reflects its moderate revenues and exposure to intense
competition, average debt protection metrics and susceptibility to
regulatory risks in the education sector. These weaknesses are
partially offset by established presence and wide range of course
offerings, and comfortable capital structure.
Key Rating Drivers & Detailed Description
Weaknesses
* Modest revenues and exposure to intense competition: JJMT faces
competition from other schools and colleges in the region, which is
reflected through stagnant revenues of INR32-33 crore during the
past two years. Moreover, it derives entire revenues from one
location, thus is exposed to geographic concentration risks.
Sustained inflow of students will depend on ability to offer
quality education through continuous infrastructure development,
and by retaining and recruiting the best faculty.
* Average debt protection metrics: Debt protection metrics is
average as reflected in interest coverage and net cash accruals to
total debt of 1.9 times and 0.14 times during fiscal 2019. Likely
to remain at similar levels due to modest accruals.
* Vulnerability to regulatory risks associated with educational
institutions: JJMT has to comply with operational and
infrastructure norms set by regulatory bodies. Any change in
regulations or any non-compliance may result in withdrawal of the
acquired status, and affiliation to boards, severely impacting cash
flow.
Strengths
* Wide range of course offerings: The trust has been in education
sector since 1977's and has diversified its course offering across
pre-school, school, engineering, polytechnic, ayurveda, and
homeopathy medical colleges.
* Comfortable capital structure: Financial risk profile is
supported by adequate networth of INR~22.5 crore as on March 31,
2019. The capital structure is marked by gearing and total outside
liabilities to adjusted networth (TOL/ANW) at 0.43 times and 1.25
times, respectively, as on March 31, 2019. With no major capex
plans capital structure is likely comfortable.
Liquidity
JJMT has stretched liquidity indicated by accruals of INR1.70-2
crores in fiscal 2020 and fiscal 2021, tightly matched against long
term repayment obligations of INR1.51 crore in fiscal 2020 and
INR2.02 crore in fiscal 2021. The repayments are done twice a year
post receipt of fees. Moreover, the trust has receivables greater
than six months pending to be received from government which
further leads to liquidity crunch.
Outlook: Stable
CRISIL believes JJMT will maintain its business risk profile over
the medium term. The outlook may be revised to 'Positive' if
significant revenue growth and profitability, leads to better
financial risk profile. The outlook may be revised to 'Negative' if
decline in revenues or profitability, or larger-than-expected,
debt-funded capital expenditure weakens the financial risk
profile.
Set in 1992, JJMT operates a colleges and schools in Jaysingpur,
Maharashtra and offers courses in civil engineering, mechanical
engineering, electronics engineering, electronics and communication
engineering, computer science and information technology. JJMT is
currently managed by Mr. Veejhay Magdum.
DWARKADHEESH HAVELI: CRISIL Keeps D Debt Rating on NonCooperating
-----------------------------------------------------------------
CRISIL said the ratings on bank facilities of Dwarkadheesh Haveli
Builders (DHB) continues to be 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Term Loan 8.5 CRISIL D (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with DHB for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of DHB, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on DHB is consistent
with 'Scenario 1' outlined in the 'Framework for Assessing
Consistency of Information with CRISIL BB' rating category or
lower'.
Based on the last available information, the ratings on bank
facilities of DHB continues to be 'CRISIL D Issuer not
cooperating'.
Established in 2010 as a partnership firm by Mr. Vijay Singh, Mr.
Rakesh Kumar Rai, Mr.Kishan L Sharma, Mr.Ajab Singh, Mr.Gulab
Singh, and Mr. D K Rai, DHB develops residential real estate in
Bhopal.
GOPAL CHAKRABORTY: Ind-Ra Hikes Rating on INR244MM Loans to BB
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has upgraded Gopal Chakraborty
Charitable Trust's (GCCT) bank facilities to 'IND BB' from 'IND BB-
(ISSUER NOT COOPERATING)' with a Stable Outlook as follows:
-- INR244.35 mil. (reduced from INR292.66 mil.) Bank loans
upgraded with IND BB/Stable rating.
KEY RATING DRIVERS
The upgrade reflects sustained growth in GCCT's total income,
driven by higher tuition fee receipts that accounted for 99.53% of
the total income in FY19. Total income grew 10.47% YoY to INR305.73
million in FY19 (FY18: 21.57% YoY) and tuition fee receipts were up
10.94% YoY to INR304.31 million (FY18: 24.68% YoY).
Student headcount continued to grow consistently between
9.72%-11.74% YoY over FY17-FY19 and the brand equity of GCCT's
school Indus Valley World School continued to improve. Student
strength increased 11.74% YoY to 2,170 in FY19 from 1,942 in FY18.
At end-July 2019, 2,200 students were studying in the school and
admissions were ongoing. The acceptance rate was 45.79% in FY19
(FY18: 41.92%) and capacity utilization was 72.33% (64.73%). Ind-Ra
expects continued headcount growth in the near-to-medium term due
to infrastructure availability.
Moreover, the trust's operating margins have displayed an improving
trend since the FY16. Operating margins improved by 4.31 percentage
points to 32.08% in FY19 from 27.77% in FY18, mainly due to a
10.59% YoY increase in core operating income. The current balance
before interest and depreciation (CBBID) margin also improved to
32.22% in FY19 from 28.00% in FY18. Also, the trust reported a net
surplus of INR12.56 million in FY19 against a net deficit of INR27
million in FY18, due to a 27.33% and 10.68% fall in interest cost
and depreciation, respectively, in FY19.
GCCT reported comfortable coverage ratios over FY18-FY19. The
interest service coverage ratio (ISCR) increased to 3.06x in FY19
from 1.75x in FY18, due to a 27.12% YoY increase in CBBID and a
27.33% YoY fall in interest cost. However, the debt service
coverage ratio (DSCR) declined to 1.19x in FY19 from 1.38x in FY18,
due to a 47.89% YoY increase in debt service commitments to
INR82.67 million.
GCCT reported a gradual fall in debt burden over FY16-FY19.
However, debt/CBBID ratio remained high despite falling to 3.59x in
FY19 from 5.26x in FY18 on a 27.12% YoY increase in CBBID to
INR98.52 million from INR77.50 million. Debt/income ratio also
remained high at 115.66% in FY19 despite improving from 147.42% in
FY18.
The ratings continue to be constrained by GCCT's tight liquidity.
The available fund covers only 2.41% of total debt (INR353.60
million) and 4.11% of operating expenditure (INR207.22 million) in
FY19. The available fund declined to INR8.52 million in FY19 from
INR14.00 million in FY18. Trust collection days were nil throughout
FY14-FY19.
RATING SENSITIVITIES
Positive: Events that may collectively lead to a positive rating
action are a) maintaining operating margins above 30% in FY20-FY21,
b) leverage reducing below 2.00x and c) improvement in liquidity
ratio above 15%.
Negative: Events that may collectively lead to a negative rating
action are a) a 5% fall in student headcount, b) deterioration in
operating margin to below 20% and c) leverage sustaining above
4.00x.
COMPANY PROFILE
GCCT runs Indus Valley World School that is spread over 170,000 sf
and offers K-12 education and is affiliated to the Central Board of
Secondary Education. The trust was established in 2008 in Kolkata
and is registered under the Indian Trust Act, 1882.
GVNS TOLLWAY: Ind-Ra Keeps D Rating on INR360MM Bank Loans
----------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained GVNS Tollway
Private Ltd.'s bank loan in the non-cooperating category. The
issuer did not participate in the rating exercise despite
continuous requests and follow-ups by the agency. Therefore,
investors and other users are advised to take appropriate caution
while using these ratings. The rating will continue to appear as
'IND D (ISSUER NOT COOPERATING)' on the agency's website.
The instrument-wise rating action is:
-- INR360 mil. Senior project bank loans (long term) maintained
in a non-cooperating category with IND D (ISSUER NOT
COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
September 25, 2018. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
COMPANY PROFILE
GVNS Tollway is a special-purpose vehicle, which secured a 15-year
concession from the government of Andhra Pradesh to design,
finance, build, operate and transfer a two-lane, 600-meter bridge
on the Miryalaguda-Kodada Andhra Pradesh state highway in February
2009.
IL&FS: NCLAT Expresses Displeasure Over Resolution Process Delay
----------------------------------------------------------------
BloombergQuint reports that the National Company Law Appellate
Tribunal on August 8 asked the government to file a fresh progress
report on the resolution of Infrastructure Leasing and Financial
Services (IL&FS) and its group companies, while expressing
displeasure at delays in the process.
BloombergQuint relates that an NCLAT bench, headed by Justice SJ
Mukhopadhyay, said there has been no progress despite the process
going on for over 300 days.
According to BloombergQuint, IL&FS' counsel senior advocate Ramji
Srinivasan informed the appellate tribunal at the start of the
hearing that the binding documents for transition of three IL&FS
Group companies from "Amber" to "Green" isn't complete, while
seeking more time.
IL&FS subsidiaries have been categorised as Green (firms that can
meet all debt obligations), Amber (firms that can meet some debt
obligations), and Red (firms that can't meet any debt obligations),
the report notes.
BloombergQuint says NCLAT was informed during a previous hearing
that three "Amber" group companies will be converted into "Green".
The counsel informed court that the term sheets for the conversion
have been signed and the process would be completed soon, the
report relates.
On August 8, the appellate tribunal also asked the government to
file a progress report on the resolution process of "Red" group
companies by August 9. The NCLAT will now take up the case for
hearing on Sept. 5, BloombergQuint notes.
About IL&FS
Infrastructure Leasing & Financial Services Limited (IL&FS) --
https://www.ilfsindia.com/ -- is an infrastructure development and
finance company based in India. It focuses on the development and
commercialization of infrastructure projects, and creation of value
added financial services. The company operates in Financial
Services, Infrastructure Services, and Others segments.
As reported in the Troubled Company Reporter-Asia Pacific on Oct.
3, 2018, the Indian Express said that the government on Oct. 1,
2018, stepped in to take control of crisis-ridden IL&FS by moving
the National Company Law Tribunal (NCLT) to supersede and
reconstitute the board of the firm which has defaulted on a series
of its debt payments. This was said to be an attempt to restore the
confidence of financial markets in the credibility and solvency of
the infrastructure financing and development group.
INDUS UNIVERSITY: Ind-Ra Rates INR97-Mil. Bank Loan 'B'
-------------------------------------------------------
India Ratings and Research (Ind-Ra) has rated Indus University's
(IU) bank facilities as follows:
-- INR97.75 mil. Bank loan assigned with IND B/Stable rating;
-- INR15.00 mil. Fund-based facility (overdraft) assigned with
IND A4 rating; and
-- INR37.25 mil. Proposed bank loan* assigned with Provisional
IND B/Stable rating.
* The rating is provisional and shall be confirmed upon the
sanction and execution of loan documents for the above facilities
to the satisfaction of Ind-Ra.
KEY RATING DRIVERS
The ratings reflect IU's small scale of operations as reflected by
the total income of INR275.80 million in FY19 (FY18: INR237.44
million). Total income grew on account of an increase in tuition
fees per student in FY19 despite the university functioning on a
lower capacity of 68% (80%). It had 3,717 students in FY19 (FY18:
3,772). The university receives the bulk of its revenue from
tuition fees, which contributed 98.17% to revenue over FY15-FY19.
FY19 financials are provisional in nature
The rating factor in IU's weak operating margins, which were
volatile over FY15-FY19. The university reported an operating
profit of INR25.20 million with operating margins of 9.19% in FY19,
as against a loss of INR8.57 million in FY18, due to a 21.52% YoY
increase in tuition fees to INR 274.04 million. The current balance
before interest, depreciation, and rent (CBBIDR) margin was modest
at 9.66% in FY19 (FY18: 1.36%) owing to high operating costs
vis-a-vis modest level of operating income for the university
The ratings are further constrained by IU's limited debt servicing
capabilities, as reflected by debt service coverage ratio (DSCR)
excluding prepayments of 0.20x-3.20x during FY15-FY19 (FY19: 0.42x,
FY18: 0.20x) due to volatility in CBBIDR, which ranged between
INR3.68 million and INR55.38 million (FY19: INR27.15 million; FY18:
INR3.68 million). Debt repayment was made through the funds infused
by the promoters by way of unsecured loans.
The ratings also factor in IU's moderate liquidity. Its available
funds (cash and unrestricted investments) deteriorated to INR9.35
million in FY19 (FY18: INR33.56 million), which provided the
moderate cover of 20.80% to the total debt (INR44.96 million
including lease rent) and 3.75% cover to operating expenditure
(INR249.16 million) in FY19. Available funds covered 14.48% of the
total debt servicing (INR64.57 million including lease rent) in
FY19. The university has a sanctioned overdraft facility of INR15
million and it had not utilized any of it, as on July 31, 2019.
The ratings, however, are supported by IU's highly qualified and
experienced promoters, along with financial support from trustees
in the form of unsecured loans of INR14.20 million in FY19 (FY18:
INR13.71 million). Ind-Ra expects the support from the trustees to
continue if required.
Debt burden remained high, with debt/CBBIDR mostly above 5x during
FY14-FY19. This was despite its moderation to 1.66x in FY19, from
13.45x in FY18, due to improvement in CBBIDR to INR27.15 million
(FY18: INR3.68 million). Ind-Ra believes the debt burden is likely
to remain manageable in the medium term owing to the absence of
further debt-funded CAPEX plans and repayment of existing loans,
which will reduce the university's debt levels.
RATING SENSITIVITIES
Positive: Events that could individually or collectively for two
consecutive years lead to a positive rating action are:
- Maintaining total income above INR250 million,
- Operating margins expanding to 20%-25%,
- Maintaining DSCR excluding prepayments ratio above
1x along with debt/CBBIDR below 5x.
Negative: Events that could individually or collectively for two
consecutive years lead to a negative rating action are:
- Unexpected fall in the student headcount to below 2,500,
leading to falling in total income below INR200 million,
- Operating margins declining to/or below 15%,
- Fall in DSCR excluding prepayments below 0.5x along with
debt/CBBIDR increasing above 6x.
COMPANY PROFILE
IU is an approved private university registered under Section 22 of
the UGC Act. It is situated on 16 acres campus on the western part
of Ahmedabad, Gujarat managed by Bhandari Charitable Trust (BCT).
IU has seven constituent which offers undergraduate, postgraduate
degrees and research programmes.
JET AIRWAYS: Volcan Investment Keen in Buying Jet Stake
-------------------------------------------------------
BloombergQuint reports that mining baron Anil Agarwal's investment
company, Volcan Investment, on August 11 said that it has shown
interest in acquiring a stake in defunct carrier Jet Airways
(India) Ltd.
"Volcan Investment, investment company for Anil Agarwal, in an
exploratory move, has sought an expression of interest for Jet
Airways to understand the business scenario for the company and the
industry," the company said in a statement, BloombergQuint relays.
"This EoI is in no way linked to Vedanta," it added.
The last date for submission of EoI was Aug. 10, the report notes.
Of the three entities that submitted EoIs, two are financial
players and another is Panama-based fund Avantulo Group, according
to BloombergQuint
Etihad Airways, which holds 24 percent stake in Jet Airways, did
not submit the bid, the report states.
BloombergQuint says the three EoIs will be reviewed by the
resolution professional Ashish Chhawchharia to ascertain their
eligibility.
Late last month, the resolution professional had floated EoIs for
selling stake in the airline that stopped flying mid-April, the
report notes.
About Jet Airways
Based in Mumbai, India, Jet Airways (India) Limited --
https://www.jetairways.com/ -- provided passenger and cargo air
transportation services. It also provided aircraft leasing
services. It operated flights to 66 destinations in India and
international countries.
As reported in the Troubled Company Reporter-Asia Pacific on
June 24, 2019, Reuters said the National Company Law Tribunal
(NCLT), on June 20 accepted an insolvency petition against Jet
Airways Ltd filed by its creditors as they attempt to recover some
of their dues. The insolvency process will allow lenders to sell
the company as a whole or in parts, laying out a fixed timeline for
a resolution around its future. Law firm Cyril Amarchand Mangaldas
will represent the interests of the lenders' consortium, Reuters
said. Indian financial newspaper Mint on June 19 reported that
lenders had named Ashish Chhawchharia of Grant Thornton India as
the resolution professional, Reuters added.
Jet Airways Ltd on April 17 halted all flight operations after its
lenders rejected its plea for emergency funds.
The total liabilities of the airline, including unpaid salaries and
vendor dues, are nearly INR15,000 crore, Livemint disclosed.
KOPPAL SOLAR: CRISIL Keeps D on INR10cr Loan in Not Cooperating
---------------------------------------------------------------
CRISIL said the ratings on bank facilities of Koppal Solar Power
Projects Private Limited (KSPP) continues to be 'CRISIL D Issuer
not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Term Loan 10 CRISIL D (ISSUER NOT COOPERATING)
CRISIL has been consistently following up with KSPP for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of KSPP, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on KSPP is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of KSPP continues to be 'CRISIL D Issuer not
cooperating'.
Incorporated in June 2016, KSPP is based in Koppal, Karnataka. The
company is in the process of setting up a 2-megawatt solar
photovoltaic power plant at Sultanpura village, Koppal district.
The project is expected to be commissioned by January 2017. The
company has entered into a 25-year PPA with GESCOM at a price of
INR8.4 per unit.
LAGGAR INDUSTRIES: CRISIL Keeps D on INR14cr Loan in NonCooperating
-------------------------------------------------------------------
CRISIL said the ratings on bank facilities of Laggar Industries
Limited (LIL) continues to be 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 14 CRISIL D (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with LIL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of LIL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on LIL is consistent
with 'Scenario 1' outlined in the 'Framework for Assessing
Consistency of Information with CRISIL BB' rating category or
lower'.
Based on the last available information, the ratings on bank
facilities of LIL continues to be 'CRISIL D Issuer not
cooperating'.
LIL was incorporated by Mr Sandeep Sobti in 1990. The company
manufactures and trades in bullet-proof steel which is used
primarily in bullet-proof jackets and in armored vehicles. The
company has a rolling mill with installed capacity of 30,000 tonne
per annum in Jalandhar, Punjab.
LALCHAND JEWELLERS: CRISIL Cuts Ratings on INR50cr Loans to B+
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Lalchand Jewellers
Private Limited (LJPL; part of the Lalchand group) Revised to be
'CRISIL B+/Stable Issuer not cooperating' from 'CRISIL BB-/Stable
Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 35 CRISIL B+/Stable (ISSUER NOT
COOPERATING; Revised from
'CRISIL BB-/Stable ISSUER NOT
COOPERATING')
Proposed Long Term 15 CRISIL B+/Stable (ISSUER NOT
Bank Loan Facility COOPERATING; Revised from
'CRISIL BB-/Stable ISSUER NOT
COOPERATING')
CRISIL has been consistently following up with LJPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of LJPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on LJPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of LJPL Revised to be 'CRISIL B+/Stable Issuer not
cooperating' from 'CRISIL BB-/Stable Issuer not cooperating'.
For arriving at the rating, CRISIL has combined the business and
financial risk profiles of LJPL and Lalchand Gems & Jeweller Pvt
Ltd (LGJPL). This is because the two companies, together referred
to as the Lalchand group, are in same line of business with a
common management, and have fungible funds.
About the Group
LJPL commenced operations as a small proprietorship firm, retailing
gold, in Bhubaneswar in 1960. The firm was reconstituted as a
private limited company in 1995. The company is currently managed
by Mr Sanjay Hans, son of the founder, Mr Lalchand Hans. Mr. Sanjay
Hans joined the firm in the early 1990s and has about two decades
of experience in the retail jewellery business. LJPL retails gold,
diamonds, and third-party branded jewellery (such as Dia,
Nakshatra, ARY), high-end watches (diamond-studded, gold-plated
brands such as Rado and Citizen), and pens. The company has been in
the jewellery business since five decades and its brand is
well-known in Bhubaneswar. It owns one of the biggest gold
jewellery showrooms in Odisha.
LGJPL retails gold, diamond, and silver jewellery, and high-end
watches, pens, and other items. The company started operations in
fiscal 2016, and fiscal 2017 will be its first full year of
operations.
LUNI POWER: CRISIL Keeps D on INR15cr Loan in Not Cooperating
-------------------------------------------------------------
CRISIL said the ratings on bank facilities of Luni Power Company
Private Limited (LPCL) continues to be 'CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Term Loan 15 CRISIL D (ISSUER NOT COOPERATING)
CRISIL has been consistently following up with LPCL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of LPCL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on LPCL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of LPCL continues to be 'CRISIL D Issuer not
cooperating'.
LPCL, incorporated in 2001, is setting up a small hydro-power plant
under a 40-year concession contract with the Government of Himachal
Pradesh on a build-own-operate-and-transfer basis.
M. CHANDRAVADANA: CRISIL Keeps B+ in INR5cr Loan in Not Cooperating
-------------------------------------------------------------------
CRISIL said the ratings on bank facilities of M. Chandravadana (MC)
continues to be 'CRISIL B+/Stable Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Lease Rental 5 CRISIL B+/Stable (ISSUER NOT
Discounting Loan COOPERATING)
CRISIL has been consistently following up with MC for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of MC, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on MC is consistent
with 'Scenario 1' outlined in the 'Framework for Assessing
Consistency of Information with CRISIL BB' rating category or
lower'.
Based on the last available information, the ratings on bank
facilities of MC continues to be 'CRISIL B+/Stable Issuer not
cooperating'.
Set up in 2011, Mrs. M. Chandravadana (individual) owns an
industrial building in Begur Hobli, Bangalore. MC has a 10-year
lease agreement with Trelleborg Sealing Solutions India Pvt Ltd and
receives rental income each month. Operations are managed by Mrs
Chandravadana and her daughters, Mrs Latha Reddy, Mrs Lavanya R
Reddy and Mrs. Bhavani R.
MAA PADMAWATI: CRISIL Maintains 'D' Ratings in Not Cooperating
--------------------------------------------------------------
CRISIL said the ratings on bank facilities of Maa Padmawati Agro
Foods Private Limited (MPAFPL) continues to be 'CRISIL D Issuer not
cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 6 CRISIL D (ISSUER NOT
COOPERATING)
Proposed Long Term
Bank Loan Facility 1 CRISIL D (ISSUER NOT
COOPERATING)
Term Loan 11.1 CRISIL D (ISSUER NOT
COOPERATING)
CRISIL has been consistently following up with MPAFPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of MPAFPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on MPAFPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of MPAFPL continues to be 'CRISIL D Issuer not
cooperating'.
Established in 2011 by Mr. Mintoo Gupta, MPAFPL processes paddy
into non-basmati, parboiled, and basmati rice. Facility in
Aurangabad has capacity of 16 tonne per hour.
METROPOLIS PROPERTIES: CRISIL Cuts Ratings on INR10cr Loans to B+
-----------------------------------------------------------------
CRISIL has revised the ratings on bank facilities of Metropolis
Properties Private Limited (MPPL; part of the Metropolis group)
Revised to 'CRISIL B+/Stable Issuer not cooperating' from 'CRISIL
BB/Stable Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Proposed Long Term 5 CRISIL B+/Stable (ISSUER NOT
Bank Loan Facility COOPERATING; Revised from
'CRISIL BB/Stable ISSUER NOT
COOPERATING')
Secured Overdraft 5 CRISIL B+/Stable (ISSUER NOT
Facility COOPERATING; Revised from
'CRISIL BB/Stable ISSUER NOT
COOPERATING')
CRISIL has been consistently following up with MPPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of MPPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on MPPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of MPPL Revised to be 'CRISIL B+/Stable Issuer not
cooperating' from 'CRISIL BB/Stable Issuer not cooperating'.
Metropolis Properties Pvt Ltd (MPPL, set up in 2012 by Mr. Jayapal
Reddy Pullangari, and based in Bengaluru is involved in real estate
development. It has currently undertaken four residential projects
and a commercial project in Bengaluru.
MUDHAI DAIRY: CRISIL Keeps D on INR3.75cr Loan in Not Cooperating
-----------------------------------------------------------------
CRISIL said the ratings on bank facilities of Mudhai Dairy Private
Limited (MDPL) continues to be 'CRISIL D Issuer not cooperating'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Long Term Loan 3.75 CRISIL D (ISSUER NOT COOPERATING)
CRISIL has been consistently following up with MDPL for obtaining
information through letters and emails dated January 23, 2019 and
July 11, 2019 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 while using the rating assigned/reviewed with
the suffix 'ISSUER NOT COOPERATING'. These ratings lack a forward
looking component as it is arrived at without any management
interaction and is based on best available or limited or dated
information on the company.
Detailed Rationale
Despite repeated attempts to engage with the management, CRISIL
failed to receive any information on either the financial
performance or strategic intent of MDPL, which restricts CRISIL's
ability to take a forward looking view on the entity's credit
quality. CRISIL believes information available on MDPL is
consistent with 'Scenario 1' outlined in the 'Framework for
Assessing Consistency of Information with CRISIL BB' rating
category or lower'.
Based on the last available information, the ratings on bank
facilities of MDPL continues to be 'CRISIL D Issuer not
cooperating'.
Incorporated in 2008, MDPL has dairy farm in Satara with total
installed capacity of 30,000 litres per day. It also has four
retail shops in Mumbai and Navi Mumbai.
ORCHID PHARMA: NCLAT Stays NCLT Order Approving Dhanuka Lab's Plan
------------------------------------------------------------------
Business Standard reports that the National Company Law Appellate
Tribunal (NCLAT) has stayed the National Company Law Tribunal's
(NCLT) order, which approved the resolution plan of Dhanuka
Laboratories Ltd for the revival of Orchid Pharma Ltd, after a
petition was filed by Chennai-based Accord Life Spec Pvt Ltd. The
Bench has ordered that a notice be issued to the pharma company and
others, and posted the case for hearing on August 28, 2019, the
report says.
According to the report, the NCLAT Bench, comprising Chairperson
Justice S J Mukhopadhaya, Member (Judicial) Justice AIS Cheema and
Member (Technical) Kanthi Narahari, said that the stay on the NCLT
order would continue during the pendency of the appeal and the
Interim Resolution Professional (IRP) would ensure that Orchid
Pharma did not hand over the possession of the company to Dhanuka
Laboratories without prior permission of the appellate tribunal.
Accord Life Spec, part of the INR1,700 crore Accord Group, was
established by DMK leader and former Union minister of state S
Jagathrakshakan. Business Standard notes that the company had bid
for Orchid Pharma after the Committee of Creditors (CoC) failed to
find a successful bidder for the pharma company in its first
attempt, which saw a successful resolution plan by US-based Ingen
Capital annulled by the NCLT over its alleged failure to pay
according to the resolution plan. Apart from Accord Life Spec,
Dhanuka Laboratories and Covalent Laboratories had also bid for
Orchid Pharma.
Business Standard relates that the CoC had selected the proposal of
Dhanuka Laboratories and gone ahead with the voting even as Accord
Life Spec approached the NCLT against CoC's decision. According to
the report, the selection Dhanuka's resolution plan ran into
trouble after one of the CoC members - Punjab National Bank
(International) – sent an email seeking to change its e-vote to
dissenting before the voting period was over. Dhanuka's resolution
plan, which initially got 67.07 per cent votes on favour as against
the regulatory requirement of 66 per cent, once the change was
considered, would have fallen to 65.53 per cent, thereby falling
short of the required voting percentage, the report says. The IRP
informed the stock exchanges that he would submit the result to the
NCLT for its consideration and guidance on the revised voting of
PNB International, Business Standard says.
Business Standard says Accord Life Spec approached the NCLT arguing
that Dhanuka's application had fallen short of requisite votes from
the CoC and it was ready to revise its quote to INR615 crore if
there was a favourable order from the NCLT. The NCLT bench
comprising of BSV Prakash Kumar, member (juducial), and S
Vijayaraghavan, member (technical), in an order dated June 25,
observed that while Punjab National Bank (International) Ltd had
sent an email it had not placed any grievance before the NCLT. It
approved Dhanuka's resolution plan observing that PNB International
simply sending an email against voting need not be taken into
consideration.
While the resolution plan value was INR570 crore, which is lesser
than the liquidation value of INR1,309 crore, the NCLT Bench noted
that according to the RP's explanation, Orchid Pharma already had a
cash and bank balance of INR321.98 crore, and an amount of
INR184.06 crore reversed to it by State Bank of India after Dhanuka
agreed to infuse INR40 crore as equity into the company, which put
together would be around INR1,116.04 crore, almost equivalent to
the liquidation value of the company, Business Standard notes.
Business Standard relates that the NCLT also said that since there
was no other plan more feasible and viable than the existing plan
and there being no mandate saying that the Resolution Plan value
shall always be more than the liquidation value of the corporate
debtor, in order to let the company remain as going concern and to
close the long drawn process, it was approving Dhanuka Laboratory's
resolution plan. Around 1,407 employees are eking out their
livelihood by working in the company and if there is no solution,
the immediate effect will be on the employees, the report states.
Besides, if the company is revived and generates revenue, it will
also be beneficial to the state, observed the bench. It also
dismissed Accord Life Spec's request for a favorable order against
its bid, the report says.
Accord Life Spec, in the NCLAT, alleged that while the liquidation
value of Orchid Pharma was assessed at INR1,309 crore, Dhanuka's
offer was of a total of INR1,116 crore including INR506.04 crore of
Orchid Pharma and INR40 crore, which was proposed to be infused for
operation of the company. However, the resolution plan submitted by
Accord Life Spec is also less than the liquidation value, the
report notes.
About Orchid Pharma
Orchid Pharma Limited is an integrated pharmaceutical company with
presence in bulk drug manufacturing, formulations and drug
discovery. Orchid commenced its operations as a cephalosporin
Active Pharmaceutical Ingredient (API) manufacturer and largely
remained so till 2004 before moving to formulations.
Orchid Pharma was in the second list of 28 companies that the RBI
had mandated banks to refer to bankruptcy court.
RAI INFRASTRUCTURE: CRISIL Hikes Ratingson INR16.30cr Loan to B+
----------------------------------------------------------------
CRISIL has upgraded its rating on long-term bank facilities of Rai
Infrastructure (RI) to 'CRISIL B+/Stable' from 'CRISIL B/Stable'.
Amount
Facilities (INR Crore) Ratings
---------- ----------- -------
Cash Credit 12.6 CRISIL B+/Stable (Upgraded
from 'CRISIL B/Stable')
Term Loan 3.7 CRISIL B+/Stable (Upgraded
from 'CRISIL B/Stable')
The upgrade reflects improvement in business risk profile,
reflected in growth in revenue to INR87 crore in fiscal 2019 from
INR41 crore in fiscal 2018. This led to better net cash accrual of
INR1.9 crore, against INR0.70 crore in fiscal 2018. The upgrade
also factors in gradual improvement in financial risk profile:
networth increased to INR5 crore and gearing improved to 4.4 times,
respectively, as of March 2019; from INR3.2 crore and 5.35 times,
respectively, as of March 2018. Steady revenue growth should ensure
credit metrics continue to improve.
The rating reflects RI's modest scale of operations in the
intensely competitive agro-commodity trading business and
below-average financial risk profile. These weaknesses are
partially offset by the extensive experience of its proprietor.
Key Rating Drivers & Detailed Description
Weaknesses:
* Modest scale of operations
The firm has a dal (lentils) milling capacity of 100 tonne per day
and provides minor value addition by grading and sorting the
grains. Turnover was subdued at around INR87 crore in fiscal 2019.
Scale is likely to remain muted over the medium term.
* Below-average financial risk profile
Networth was small at INR5 crore and gearing high at 4.4 times, as
on March 31, 2019. With limited accretion to reserves and high
reliance on external debt, financial risk profile is likely to
remain weak over the medium term.
Strength:
* Extensive experience of proprietor
Presence of three decades in the agro commodities segment has
enabled the proprietor to establish healthy relationship with
vendors, brokers, and other industry players. A sound market
reputation should help scale up revenue.
Liquidity
Liquidity remains stretched, as reflected in net cash accrual of
INR1.9 crore in fiscal 2019, and almost fully utilised bank limit
during the 12 months ended June 2019 on account of large working
capital requirement. Anticipated cash accrual of INR2.1-2.5 crore
should meet debt obligation of INR0.60-0.80 crore, over the medium
term. Proprietor is also expected to offer need-based funding
support, as seen in the past.
Outlook: Stable
CRISIL believes RI will continue to benefit from the extensive
experience of its proprietor. The outlook may be revised to
'Positive' if there is a substantial and sustained improvement in
revenue and profitability margins, or if networth increases
significantly due to sizeable equity infusion. The outlook may be
revised to 'Negative' if profitability margins decline sharply, or
capital structure weakens further because of large, debt-funded
capital expenditure or stretch in working capital cycle.
Established in 2010 as a proprietorship firm by Mr Ramlal Rai, RI
trades and processes dal and grains. The firm is based in Kareli
district, Madhya Pradesh.
=================
I N D O N E S I A
=================
MNC INVESTAMA: Moody's Lowers CFR to Caa1, Outlook Negative
-----------------------------------------------------------
Moody's Investors Service has downgraded the corporate family
rating of MNC Investama Tbk. to Caa1 from B3.
At the same time, Moody's has downgraded BHIT's senior secured
rating to Caa2 from Caa1.
The ratings outlook remains negative.
Through its 48.95% stake in P.T. Global Mediacom Tbk (BMTR,
unrated), BHIT has significant stakes in media operating companies,
P.T. Media Nusantara Citra Tbk (MNCN, unrated) - Indonesia's (Baa2
stable) leading free-to-air (FTA) broadcast company — and P.T.
MNC Vision Networks Tbk (IPTV, unrated), a leading broadband and
pay-TV operator in Indonesia.
RATINGS RATIONALE
"The downgrade of BHIT's CFR to Caa1 reflects increasing
refinancing risk — particularly at the holding company level —
as BHIT's May 2021 bond maturity draws closer and dividend income
from its subsidiaries remains low," says Annalisa Di Chiara, a
Moody's Vice President and Senior Credit Officer.
As a holding company, BHIT generates a limited amount of
operational cash flow aside from dividend income.
However, over the last 12 months BMTR has paid just IDR69 billion
of dividends which translated into dividend income for BHIT of
around IDR35-IDR40 billion based on its ownership stake; a level
that is insufficient to cover annual interest expense on BHIT's
bond of around USD10 million.
"We believe dividend income at BHIT will remain limited over the
next 12 to 18 months, as its key media operating subsidiaries —
including BMTR, MNCN and IPTV — address upcoming debt maturities,
ongoing amortization payments and focus on their own shareholder
initiatives," adds Di Chiara, who is also Moody's Lead Analyst for
BHIT.
BHIT's liquidity position, on a standalone basis, will remain weak.
As such, Moody's anticipates that the repayment of BHIT's bond in
May 2021 will depend on capital raising activities, the timing of
which is unclear and ultimately market sensitive.
While dividend income will likely be insufficient to cover interest
expense on BHIT's bond, management has confirmed to Moody's that a
portion of short-term investments held at the holding company can
be monetized as needed to support interest payments.
In addition, according to BHIT's offering circular, the company is
required to maintain a debt service reserve account equal to one
semi-annual interest payment. According to BHIT's latest quarterly
financial report, the DSRA was fully funded as of June 30, 2019.
The next interest payment of USD10 million is due in November
2019.
BHIT's Caa1 CFR continues to reflect the stable operating
performance of its key media operating subsidiaries, particularly
MNCN — held through its stake in BMTR — with MNCN contributing
a majority of BHIT's consolidated EBITDA. The CFR also considers
the credit profiles of its non-media related businesses -- which
separately and collectively -- have weaker market positions, lower
margins and higher associated cash flow volatility.
BHIT's complex organizational and legal structure — both factors
of which raise concerns over transparency with respect to
shareholders' intentions and corporate governance —have also been
incorporated in the company's ratings. In particular, related-party
transactions and holdings - including cash, financial assets and
investments -- are material.
The ratings outlook is negative, reflecting the company's weak
liquidity position on a standalone basis. Debt service requirements
or shareholder initiatives at the subsidiary level could continue
to limit the subsidiaries' ability or willingness to upstream
dividends to BHIT, ultimately increasing refinancing risk, as the
2021 bond maturity draws near.
Given the negative ratings outlook, an upgrade is unlikely.
Nevertheless, the outlook on the ratings could return to stable if
BHIT's liquidity position — on a standalone basis — improves
materially and a refinancing plan for its 2021 bond is finalized in
a timely manner.
Moody's could downgrade the ratings if BHIT or its subsidiaries are
unable to address debt service requirements in a timely manner.
The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.
Headquartered in Jakarta, MNC Investama Tbk. is a listed investment
holding company, with strategic investments in operating companies
in media, financial services, energy and real estate.
In addition to P.T. Media Nusantara Citra Tbk and P.T. MNC Vision
Networks Tbk, BHIT's other operating companies include P.T. MNC
Kapital Indonesia Tbk and P.T. MNC Land. The company also has
portfolio investments in other private and public companies
operating in transport, infrastructure and other industries.
===============
M A L A Y S I A
===============
GOLDEN PALM: Growers Scheme's Joint Hearing Set for Sept. 26
------------------------------------------------------------
The Sun Daily reports that the Kuala Lumpur High Court has set
September 26 for the joint hearing of the Golden Palm Growers
Scheme (GPGS) investors and management company for the winding up
of Golden Palm Growers Bhd (GPGB).
According to the report, lawyer and investor James Ling said the
investors have made an application to intervene to the Court to be
included as a defendant in the winding-up.
Sun Daily relates that investors claimed that GPGS was designed at
its onset under the guise of palm oil plantation scheme, to skim
the growers (investors) of their fees which they have invested in
the scheme, and through a trust deed to conveniently closed the
scheme after the first phase, intended to leave the growers with
total losses and no recourse or remedy to recover the money they
have invested in the scheme.
Investors also said the set-up for the first phase of GPGS was in
substance a Ponzi scheme, as it utilised money for the 11,000-acre
palm plantation to pay off dividends of the investors, the report
relays.
The scheme, which was launched in 2010 and supposed to run for 23
years, was in operation for seven years before being terminated in
2017, Sun Daily notes.
GPGB had in October 2017 held a general meeting whereby 98% of the
investors agree to terminate the scheme and give the management one
year to dispose of its plantation land, Sun Daily recalls. In April
2019, GPGB held another general meeting and investors voted against
granting an extended realisation period for the sale of the land.
Following this, GPGB filed an application to the High Court to wind
up the share farming scheme, the report says.
"If the scheme is closed based on the GPGB's application that it
was a valid and not an illegal scheme, the investors will get
nothing. We are saying that it is an illegal scheme and that the
scheme should be wound down and monies returned to the investors,"
the report quotes Ling as saying after the hearing.
The session was heard in chambers with Judge Ong Chee Kwan, the
report notes. About 50 growers turned up at the hearing eager to
know the outcome of the proceedings.
"A lot of our money earned has been invested in the scheme. We're
anxious to get a closure on this," the report quotes investor
Vincent Manickam who invested some MYR300,000 in the scheme as
saying.
Another investor said close to the sixth year, GPGB had asked
investors to put in more money in the scheme, saying that it had
been doing well.
"Given that the plantation is about to reach maturity paying out a
higher dividend of 9%, I took out money from my Employee Provident
Fund (EPF) to invest. Now, the scheme has gone bust and I am left
with MYR30,000 in my EPF account," the report relays.
GPGS, which was one of the palm oil plantation investment schemes
approved by Companies Commission of Malaysia, offered investors the
opportunity to benefit from the booming oil palm industry without
the hassle of managing a plantation, Sun Daily discloses.
The scheme had then promised growers a guaranteed 6% annual return
and discretionary bonus until Aug 20, 2016, a minimum 9% return per
annum over the next 17 years if crude palm oil prices exceed
MYR1,500 and a buy-back guarantee at full price after six years,
among others, according to Sun Daily.
In total, investors have put in a total of MYR218.55 million in the
scheme and have received 6% guaranteed net yield for the first six
years totalling to MYR78.48 million for their investment, the
report notes.
=====================
N E W Z E A L A N D
=====================
AETHON INFRASTRUCTURE: Goes Into Receivership
---------------------------------------------
Radio New Zealand reports that Aethon Infrastructure, a major
Christchurch infrastructure company that does a lot of work at
schools and in prisons, has gone into receivership.
A receiver was appointed for Aethon Infrastructure on August 9, RNZ
discloses.
RNZ's calls to the receiver, company, and its sole director and
shareholder Kane Lacey have not been returned.
Aethon recently completed upgrade works at Cashmere High School,
the report notes.
MAINZEAL PROPERTY: Liquidators File Bankruptcy Application vs Yan
-----------------------------------------------------------------
NZ Herald reports that the liquidators for Mainzeal Property said
they have been forced to use bankruptcy proceedings to get NZ$18
million out of former director Richard Yan.
While both sides are appealing the NZ$36 million in damages awarded
against several former directors of the failed construction
company, Mr. Yan hasn't yet paid or said how he will pay the NZ$18
million he has been ordered to front up with, the Herald says.
Justice Francis Cooke ruled earlier this year that Mr. Yan and
three other directors: Jenny Shipley, Clive Tilby and Peter Gomm
were liable, with Yan to pay NZ$18 million, and the others to split
the other NZ$18 million, the report recalls.
Property records indicate Mr. Yan part-owns a Remuera property with
a ratings value of more than NZ$10 million and an Epsom home valued
at NZ$4 million. He is also the sole shareholder of a company which
owns Campbell Park, a 32-hectare estate near Oamaru, the report
discloses.
According the Herald, BDO liquidators Andrew Bethell and Brian
Mayo-Smith said in a statement that the insurer for the other three
directors, QBE, has already provided security for their share of
the liability.
"Mr Yan has a legal obligation to pay or secure NZ$18 million,
being his share," the Herald quotes Mr. Bethell as saying. "We have
not received this money or had any acknowledgement from Mr Yan that
he intends to pay. We have been left with no choice but to get a
court order to file bankruptcy proceedings against him to recover
the money."
The appeals and cross-appeal are expected to be heard in the Court
of Appeal early next year, the report states. The defendants deny
liability, while the liquidators said the amount to pay in damages
should be higher.
In a judgment dated July 12, Justice Cooke said that his original
liability figure was right, despite the liquidators saying interest
was not recognised properly and the director defendants saying the
judge's starting point was wrong, the Herald relays.
About Mainzeal Property
Mainzeal Property and Construction Ltd is a New Zealand-based
property and construction company. The company forms part of the
Mainzeal Group, which is owned by Richina Inc, a privately held New
Zealand-based company with a strong China focus.
On Feb. 6, 2013, Colin McCloy and David Bridgman, partners from
PricewaterhouseCoopers, were appointed receivers to Mainzeal
Property and Construction Limited and associated entities as a
result of a request made by its director to BNZ.
Mainzeal's director, Richard Yan advised that following a series of
events that had adversely affected the Company's financial position
coupled with a general decline in major commercial construction
activity, and in the absence of further shareholder support, the
Company could no longer continue trading.
On Feb. 28, 2013, BDO's Andrew Bethell and Brian Mayo-Smith were
appointed liquidators to those three companies in receivership and
nine others in the group that were not in receivership.
The companies now under the control of the liquidators are Mainzeal
Group, Mainzeal Property and Construction, Mainzeal Living, 200
Vic, Building Futures Group Holding, Building Futures Group,
Mainzeal Residential, Mainzeal Construction, Mainzeal, Mainzeal
Construction SI, MPC NZ and RGRE.
Mainzeal is estimated to owe NZ$11.3 million to the BNZ, NZ$70
million to unsecured creditors and NZ$5.2 million to employees, NZN
disclosed. Subcontractors are among the unsecured creditors, said
NZN.
=================
S I N G A P O R E
=================
EZION HOLDINGS: Posts US$364MM Net Loss in Q2 Ended June 30
-----------------------------------------------------------
Lynette Tan at The Business Times reports that Ezion Holdings
posted losses for the second quarter on August 8, while its
potential white knight, Malaysia-listed Yinson Holdings, continues
to negotiate with lenders before extending the lifeline.
In its results announcement, Ezion said it has been informed that
Yinson Eden Pte Ltd, an indirect wholly owned subsidiary of Yinson
Holdings, is still in negotiations with Ezion's designated lenders,
BT relates. Under a conditional debt conversion agreement, Yinson
was to acquire the rights and benefits of Ezion's US$916 million
debt.
On its side, Yinson has also said that the deal is currently
pending banks' approvals, with due diligence ongoing, BT discloses
citing a New Straits Times report in July. Yinson's group CEO did
not disclose any timeline for the acquisition.
In its outlook, Ezion warned: "Should the prolonged delay in the
completion of the Yinson Subscription and unavailability of funds
from the lenders continue, the group's deployment plan for its
assets may be further hindered and the group may incur further
losses going forward," BT relays.
This was one of the factors behind Ezion's post-tax loss of
US$363.9 million for the second quarter ended June 30, versus a
US$96.1 million profit in the same period a year ago, in line with
its profit guidance earlier, according to BT.
Loss per share was 9.76 US cents, a reversal from earnings per
share of 3.11 cents last year.
BT says the group was affected by an impairment loss, which widened
to US$303.6 million versus US$250,000 in the previous year. The
losses comprise mainly impairment losses on loans to associates,
loans to joint ventures, plant and equipment, and trade and other
receivables.
The outlook for the offshore marine industry remains "challenging
and competitive in view of the oversupply of offshore logistics
vessels and jack-up rigs in the industry", Ezion also noted, BT
relays.
For 1H, Ezion recorded a post-tax loss of US$376.8 million, versus
a profit of US$55.7 million for the same period a year ago, the
report discloses.
Impairment losses stood at US$303.8 million, in contrast to a loss
reversal of US$163,000 in the previous year.
Loss per share for the half-year was 10.12 US cents, versus 2.19
cents a year ago.
"In view of the additional problems and material losses arising
from the unexpected prolonged negotiations between the designated
lenders and Yinson, the group is exploring with Yinson on actions
and solutions that will best serve the interests of all
stakeholders," Ezion said, add BT.
Singapore-based Ezion Holdings Limited --
http://www.ezionholdings.com/-- engages in investment holding and
provision of management services. The Company, along with its
subsidiaries, specializes in the development, ownership and
chartering of offshore assets to support the offshore energy
markets. Its segments include Production and maintenance support,
which is engaged in owning, chartering and management of rigs and
vessels involved in the production and maintenance phase of the oil
and gas industry; Exploration and development support, which is
engaged in owning, chartering and management of rigs and vessels
involved in the exploration and development phase of the oil and
gas industry, and Others, which includes assets or investments
involved in renewable energy and other oil and gas related
industry. The Company owns a fleet of multipurpose self-propelled
service rigs. It owns a fleet of service rigs in Southeast Asia for
use in offshore oil and gas industry, and offshore wind farm
industry.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week Aug. 5, 2019 to Aug. 9, 2019
-----------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
CLIME CAPITAL LTD/FUND 6.25 11/30/21 AUD 1.00
KEYBRIDGE CAPITAL LTD 7.00 07/31/20 AUD 0.94
MIDWEST VANADIUM PTY LT 13.25 02/15/18 USD 0.15
MIDWEST VANADIUM PTY LT 13.25 02/15/18 USD 0.15
CHINA
-----
AKESU XINCHENG ASSET IN 6.40 04/20/22 CNY 60.00
AKESU XINCHENG ASSET IN 6.40 04/20/22 CNY 60.52
ALAER XINXIN STATE-OWNE 6.80 06/16/22 CNY 50.60
ALAER XINXIN STATE-OWNE 6.80 06/16/22 CNY 56.78
ANHUI CHIZHOU CITY TIAN 7.40 10/23/20 CNY 38.00
ANHUI CHIZHOU CITY TIAN 7.40 10/23/20 CNY 40.44
ANHUI FOREIGN ECONOMIC 5.80 07/13/21 CNY 70.01
ANHUI PROVINCE TONGLING 7.30 05/13/21 CNY 41.33
ANHUI PROVINCE TONGLING 7.30 05/13/21 CNY 47.18
ANJI COUNTY STATE-OWNED 8.30 04/24/21 CNY 41.48
ANJI COUNTY STATE-OWNED 8.30 04/24/21 CNY 44.57
ANKANG DEVELOPMENT & IN 6.35 03/06/20 CNY 20.29
ANQING URBAN CONSTRUCTI 6.01 04/27/22 CNY 60.00
ANQING URBAN CONSTRUCTI 6.01 04/27/22 CNY 61.47
ANSHUN STATE-RUN ASSETS 6.98 01/10/20 CNY 20.01
ANSHUN STATE-RUN ASSETS 6.98 01/10/20 CNY 20.03
BAODING NATIONAL HI-TEC 7.33 12/24/19 CNY 20.14
BAOJI HI-TECH INDUSTRIA 8.25 04/21/21 CNY 40.00
BAOJI HI-TECH INDUSTRIA 8.25 04/21/21 CNY 41.18
BAOTOU CITY SCIENCE EDU 6.48 03/25/22 CNY 61.40
BAOTOU STATE OWNED ASSE 7.03 09/17/19 CNY 20.05
BAYAN ZHUOER HETAO WATE 8.54 03/31/22 CNY 47.52
BAZHONG STATE-OWNED ASS 8.50 04/25/21 CNY 41.67
BEIJING BIOMEDICINE IND 6.35 07/23/20 CNY 40.23
BEIJING BIOMEDICINE IND 6.35 07/23/20 CNY 40.50
BEIJING CAPITAL DEVELOP 7.19 01/15/21 CNY 40.00
BEIJING CAPITAL DEVELOP 6.50 02/27/21 CNY 41.02
BEIJING CAPITAL DEVELOP 7.19 01/15/21 CNY 41.13
BEIJING CAPITAL DEVELOP 6.50 02/27/21 CNY 41.80
BEIJING CHANGXIN CONSTR 6.74 04/22/21 CNY 41.30
BEIJING CHANGXIN CONSTR 6.74 04/22/21 CNY 41.30
BEIJING CHAOYANG STATE- 5.25 03/27/20 CNY 20.10
BEIJING CHAOYANG STATE- 5.25 03/27/20 CNY 20.43
BEIJING CONSTRUCTION EN 5.95 07/05/19 CNY 20.00
BEIJING FUTURE SCIENCE 6.28 09/22/19 CNY 25.12
BEIJING FUTURE SCIENCE 6.28 09/22/19 CNY 25.25
BEIJING GUCAI GROUP CO 6.60 09/06/20 CNY 40.64
BEIJING GUCAI GROUP CO 6.60 09/06/20 CNY 43.68
BEIJING HAIDIAN STATE-O 5.50 08/07/20 CNY 39.80
BEIJING HAIDIAN STATE-O 5.50 08/07/20 CNY 40.45
BEIJING JINGMEI GROUP C 6.14 09/09/20 CNY 40.50
BEIJING JINGMEI GROUP C 6.14 09/09/20 CNY 40.70
BEIJING JINLIYUAN STATE 7.00 10/28/20 CNY 40.87
BEIJING JINLIYUAN STATE 7.00 10/28/20 CNY 40.98
BEIJING SHIJINGSHAN STA 6.08 08/18/21 CNY 61.31
BEIJING SHIJINGSHAN STA 6.08 08/18/21 CNY 63.87
BEIJING XINCHENG INFRAS 7.50 04/21/21 CNY 41.10
BEIJING XINCHENG INFRAS 7.50 04/21/21 CNY 41.56
BEIJING XINGZHAN INVEST 6.48 08/31/19 CNY 20.00
BEIJING XINGZHAN INVEST 6.48 08/31/19 CNY 20.07
BEIJING XINGZHAN INVEST 6.66 04/24/21 CNY 41.10
BEIJING XINGZHAN INVEST 6.66 04/24/21 CNY 41.43
BEIPIAO CITY CONSTRUCTI 6.70 03/25/23 CNY 75.07
BENGHU HI NEW TECH INVE 8.70 04/17/21 CNY 40.00
BENGHU HI NEW TECH INVE 8.70 04/17/21 CNY 41.57
BENXI URBAN CONSTRUCTIO 6.24 01/22/22 CNY 60.00
BENXI URBAN CONSTRUCTIO 6.24 01/22/22 CNY 60.10
BIJIE CONSTRUCTION INVE 6.50 01/28/22 CNY 61.66
BIJIE CONSTRUCTION INVE 6.50 01/28/22 CNY 65.65
BIJIE KAIYUAN CONSTRUCT 7.78 02/25/21 CNY 41.21
BIJIE KAIYUAN CONSTRUCT 7.78 02/25/21 CNY 50.00
BINZHOU HI-TECH DEVELOP 8.60 01/10/21 CNY 41.19
BINZHOU HI-TECH DEVELOP 8.60 01/10/21 CNY 43.40
BINZHOU ZHONGHAI VENTUR 6.65 04/13/22 CNY 60.00
BINZHOU ZHONGHAI VENTUR 6.65 04/13/22 CNY 60.95
BORALA MONGOL AUTONOMOU 7.18 08/09/20 CNY 40.00
BORALA MONGOL AUTONOMOU 7.18 08/09/20 CNY 40.43
C&D REAL ESTATE CORP LT 6.15 04/03/20 CNY 20.37
CANGZHOU CONSTRUCTION & 6.72 01/23/20 CNY 20.20
CEFC SHANGHAI INTERNATI 4.08 09/09/21 CNY 60.00
CEFC SHANGHAI INTERNATI 4.98 12/10/20 CNY 61.29
CHANGCHUN MODERN AGRICU 7.00 07/25/21 CNY 60.75
CHANGDE ECONOMIC DEVELO 7.19 09/12/19 CNY 20.09
CHANGDE ECONOMIC DEVELO 7.19 09/12/19 CNY 20.23
CHANGDE ECONOMIC DEVELO 7.00 03/24/21 CNY 41.11
CHANGDE ECONOMIC DEVELO 7.00 03/24/21 CNY 43.30
CHANGDE URBAN CONSTRUCT 6.50 02/25/20 CNY 20.31
CHANGDE URBAN CONSTRUCT 5.63 09/01/20 CNY 40.36
CHANGRUN INVESTMENT & G 6.88 09/16/20 CNY 40.43
CHANGRUN INVESTMENT & G 6.88 09/16/20 CNY 46.00
CHANGSHA COUNTY TONGTU 6.00 06/19/22 CNY 61.62
CHANGSHA COUNTY TONGTU 6.00 06/19/22 CNY 68.20
CHANGSHA COUNTY XINGCHE 7.90 03/25/22 CNY 58.52
CHANGSHA COUNTY XINGCHE 7.90 03/25/22 CNY 61.00
CHANGSHA ECONOMIC & TEC 8.45 04/13/22 CNY 46.87
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 62.51
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 64.02
CHANGSHA PILOT INVESTME 6.70 12/10/19 CNY 20.27
CHANGSHA YUHUA URBAN CO 7.17 04/18/21 CNY 41.45
CHANGSHA YUHUA URBAN CO 7.17 04/18/21 CNY 44.00
CHANGSHU BINJIANG URBAN 6.39 09/11/21 CNY 60.00
CHANGSHU BINJIANG URBAN 6.39 09/11/21 CNY 61.19
CHANGSHU DEVELOPMENT IN 5.80 04/19/20 CNY 20.10
CHANGSHU DEVELOPMENT IN 5.80 04/19/20 CNY 20.19
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 62.22
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 67.32
CHANGSHU TRANSPORTATION 7.00 04/29/21 CNY 41.62
CHANGSHU TRANSPORTATION 7.00 04/29/21 CNY 47.00
CHANGXING COUNTY TRANSP 6.75 06/16/21 CNY 40.86
CHANGXING COUNTY TRANSP 6.75 06/16/21 CNY 40.96
CHANGXING COUNTY TRANSP 7.88 04/30/21 CNY 41.54
CHANGXING COUNTY TRANSP 7.88 04/30/21 CNY 50.30
CHANGXING URBAN CONSTRU 6.80 11/30/19 CNY 20.00
CHANGXING URBAN CONSTRU 6.80 11/30/19 CNY 20.11
CHANGXING URBAN CONSTRU 6.00 12/03/21 CNY 59.00
CHANGXING URBAN CONSTRU 6.00 12/03/21 CNY 60.14
CHANGZHI CITY CONSTRUCT 6.46 02/26/20 CNY 20.21
CHANGZHOU BINHU CONSTRU 8.04 12/12/20 CNY 40.00
CHANGZHOU BINHU CONSTRU 8.04 12/12/20 CNY 41.52
CHANGZHOU HI-TECH GROUP 6.18 03/21/20 CNY 20.00
CHANGZHOU HI-TECH GROUP 6.18 03/21/20 CNY 20.23
CHANGZHOU JINTAN DISTRI 6.38 04/26/20 CNY 20.00
CHANGZHOU JINTAN DISTRI 6.38 04/26/20 CNY 20.38
CHANGZHOU PUBLIC HOUSIN 6.64 07/02/21 CNY 60.68
CHANGZHOU PUBLIC HOUSIN 6.64 07/02/21 CNY 61.20
CHANGZHOU TIANNING CONS 6.48 02/12/22 CNY 60.00
CHANGZHOU TIANNING CONS 6.48 02/12/22 CNY 60.69
CHAOHU URBAN TOWN CONST 6.50 04/30/22 CNY 62.28
CHENGDU CITY DEVELOPMEN 6.18 01/14/20 CNY 20.22
CHENGDU ECONOMIC & TECH 6.90 05/30/21 CNY 41.29
CHENGDU ECONOMIC & TECH 6.90 05/30/21 CNY 46.00
CHENGDU ECONOMIC&TECHNO 6.55 07/17/19 CNY 20.01
CHENGDU ECONOMIC&TECHNO 6.55 07/17/19 CNY 20.20
CHENGDU HI-TECH INVESTM 6.28 11/20/19 CNY 20.11
CHENGDU HI-TECH INVESTM 6.28 11/20/19 CNY 20.35
CHENGDU LONGBO INVESTME 8.10 04/24/21 CNY 40.84
CHENGDU PIDU DISTRICT S 7.25 10/15/20 CNY 38.50
CHENGDU PIDU DISTRICT S 7.25 10/15/20 CNY 40.67
CHENGDU PIDU DISTRICT S 6.95 04/01/22 CNY 60.95
CHENGDU PIDU DISTRICT S 6.95 04/01/22 CNY 68.83
CHENGDU SHUZHOU CITY CO 6.58 05/26/22 CNY 59.30
CHENGDU SHUZHOU CITY CO 6.58 05/26/22 CNY 60.29
CHENGDU XINGCHENG INVES 6.17 01/28/20 CNY 20.21
CHENGDU XINGCHENGJIAN I 6.00 03/20/22 CNY 60.00
CHENGDU XINGCHENGJIAN I 6.00 03/20/22 CNY 61.54
CHENGDU XINGJIN URBAN C 7.30 11/27/19 CNY 20.19
CHENGDU XINGJIN URBAN C 7.30 11/27/19 CNY 25.40
CHENGDU XINKAIYUAN URBA 7.43 08/12/21 CNY 61.22
CHENGDU XINKAIYUAN URBA 7.43 08/12/21 CNY 62.30
CHENGFA INVESTMENT GROU 6.87 04/30/21 CNY 40.00
CHENGFA INVESTMENT GROU 6.87 04/30/21 CNY 41.44
CHENZHOU BAIFU INVESTME 6.54 08/28/21 CNY 60.25
CHENZHOU BAIFU INVESTME 6.54 08/28/21 CNY 60.82
CHENZHOU HIGH-TECH KLC 6.45 01/23/22 CNY 60.61
CHENZHOU HIGH-TECH KLC 6.45 01/23/22 CNY 68.60
CHENZHOU XINTIAN INVEST 6.30 07/17/20 CNY 40.00
CHENZHOU XINTIAN INVEST 6.30 07/17/20 CNY 40.11
CHENZHOU XINTIAN INVEST 6.15 04/24/22 CNY 59.38
CHENZHOU XINTIAN INVEST 6.15 04/24/22 CNY 65.30
CHENZHOU XINTIAN INVEST 5.38 03/08/26 CNY 66.30
CHINA MEDIA GROUP 6.00 04/04/21 CNY 94.00
CHINA MINSHENG INVESTME 7.00 12/26/20 CNY 36.65
CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00
CHINA WANDA GROUP CO LT 6.50 01/24/22 CNY 70.00
CHINA YIXING ENVIRONMEN 7.10 10/18/20 CNY 39.99
CHINA YIXING ENVIRONMEN 7.10 10/18/20 CNY 40.59
CHONGQIN XINLIANG INVES 4.76 08/26/23 CNY 74.27
CHONGQIN XINLIANG INVES 4.76 08/26/23 CNY 74.65
CHONGQING BANAN ECONOMI 7.00 08/20/21 CNY 61.00
CHONGQING BANAN ECONOMI 6.17 03/13/22 CNY 61.35
CHONGQING BANAN ECONOMI 7.00 08/20/21 CNY 61.49
CHONGQING BANAN ECONOMI 6.17 03/13/22 CNY 64.00
CHONGQING BEICHENG CONS 7.30 10/16/20 CNY 40.88
CHONGQING BEICHENG CONS 7.30 10/16/20 CNY 41.00
CHONGQING BEIFEI INDUST 7.13 12/25/19 CNY 20.18
CHONGQING CHANGSHOU DEV 7.45 09/25/19 CNY 20.10
CHONGQING CHANGSHOU DEV 7.45 09/25/19 CNY 23.10
CHONGQING CHANGSHOU ECO 7.20 07/15/21 CNY 60.00
CHONGQING CHANGSHOU ECO 7.20 07/15/21 CNY 60.94
CHONGQING CHANGSHOU ECO 7.10 06/19/21 CNY 40.00
CHONGQING CHANGSHOU ECO 7.10 06/19/21 CNY 41.38
CHONGQING CITY CONSTRUC 5.12 05/21/20 CNY 20.17
CHONGQING CITY CONSTRUC 5.12 05/21/20 CNY 22.56
CHONGQING DASUN ASSET D 6.98 09/10/20 CNY 40.76
CHONGQING DAZU DISTRICT 6.75 04/26/20 CNY 20.20
CHONGQING DAZU DISTRICT 6.75 04/26/20 CNY 20.22
CHONGQING DAZU INDUSTRI 6.30 04/28/22 CNY 60.00
CHONGQING DAZU INDUSTRI 6.30 04/28/22 CNY 60.14
CHONGQING FULING DISTRI 7.89 03/20/21 CNY 41.36
CHONGQING FULING DISTRI 7.89 03/20/21 CNY 47.33
CHONGQING FULING STATE- 6.39 01/21/20 CNY 20.17
CHONGQING FULING STATE- 6.39 01/21/20 CNY 21.20
CHONGQING FULING TRAFFI 6.68 02/03/22 CNY 60.00
CHONGQING FULING TRAFFI 6.68 02/03/22 CNY 60.95
CHONGQING GAOXIN ZONE D 7.80 04/25/21 CNY 41.86
CHONGQING GAOXIN ZONE D 7.80 04/25/21 CNY 50.80
CHONGQING GARDENING IND 8.45 06/03/21 CNY 40.00
CHONGQING GARDENING IND 8.45 06/03/21 CNY 41.25
CHONGQING HAOJIANG CONS 8.05 03/06/21 CNY 40.00
CHONGQING HAOJIANG CONS 7.99 11/22/20 CNY 40.00
CHONGQING HAOJIANG CONS 7.99 11/22/20 CNY 40.73
CHONGQING HAOJIANG CONS 8.05 03/06/21 CNY 41.00
CHONGQING HECHUAN INDUS 6.19 06/17/20 CNY 20.26
CHONGQING HECHUAN INDUS 6.19 06/17/20 CNY 20.32
CHONGQING HECHUAN URBAN 7.30 07/07/21 CNY 61.45
CHONGQING HONGRONG CAPI 7.20 10/16/19 CNY 20.12
CHONGQING HONGRONG CAPI 7.20 10/16/19 CNY 20.15
CHONGQING HONGYE INDUST 6.30 06/03/20 CNY 20.27
CHONGQING HONGYE INDUST 6.30 06/03/20 CNY 25.00
CHONGQING INTERNATIONAL 7.08 10/18/20 CNY 40.68
CHONGQING INTERNATIONAL 7.08 10/18/20 CNY 40.70
CHONGQING JIANGBEIZUI C 6.50 07/21/21 CNY 60.90
CHONGQING JIANGBEIZUI C 6.50 07/21/21 CNY 61.15
CHONGQING JIANGJIN HUAX 7.46 09/21/19 CNY 20.00
CHONGQING JIANGJIN HUAX 7.46 09/21/19 CNY 20.08
CHONGQING JIULONG HI-TE 6.60 08/19/21 CNY 59.00
CHONGQING JIULONG HI-TE 6.60 08/19/21 CNY 60.68
CHONGQING LAND PROPERTI 6.30 08/22/20 CNY 40.63
CHONGQING LAND PROPERTI 6.30 08/22/20 CNY 40.85
CHONGQING LIANGJIANG NE 6.70 04/25/21 CNY 41.46
CHONGQING LIANGJIANG NE 5.88 09/16/21 CNY 61.42
CHONGQING LIANGJIANG NE 5.88 09/16/21 CNY 61.49
CHONGQING LIANGJIANG NE 3.60 04/19/21 CNY 69.50
CHONGQING LIANGJIANG NE 3.60 04/19/21 CNY 69.56
CHONGQING LIANGJIANG NE 3.17 01/13/21 CNY 69.57
CHONGQING LIANGJIANG NE 3.17 01/13/21 CNY 69.75
CHONGQING MAIRUI CITY I 6.82 08/17/19 CNY 20.05
CHONGQING NANCHUAN DIST 7.35 09/06/19 CNY 20.00
CHONGQING NANCHUAN DIST 7.35 09/06/19 CNY 20.06
CHONGQING NANFA URBAN C 6.43 04/27/20 CNY 20.27
CHONGQING NANFA URBAN C 6.43 04/27/20 CNY 20.36
CHONGQING QIANJIANG CIT 8.00 03/21/21 CNY 40.99
CHONGQING QIANJIANG CIT 8.00 03/21/21 CNY 41.70
CHONGQING QIJIANG EAST 6.75 01/29/20 CNY 20.10
CHONGQING QIJIANG EAST 6.75 01/29/20 CNY 20.23
CHONGQING SHUANGFU CONS 7.49 10/23/20 CNY 40.00
CHONGQING SHUANGFU CONS 7.49 10/23/20 CNY 40.61
CHONGQING SHUANGQIAO EC 6.75 04/26/20 CNY 20.25
CHONGQING SHUANGQIAO EC 5.99 11/19/21 CNY 60.24
CHONGQING SHUANGQIAO EC 5.99 11/19/21 CNY 66.25
CHONGQING TAX FREE PORT 7.50 04/24/21 CNY 41.66
CHONGQING TAX FREE PORT 7.50 04/24/21 CNY 41.80
CHONGQING TEA GARDEN IN 7.70 05/20/21 CNY 40.92
CHONGQING TONGLIANG JIN 6.59 04/08/22 CNY 60.00
CHONGQING TONGLIANG JIN 6.59 04/08/22 CNY 61.18
CHONGQING WANSHENG ECO 6.39 04/17/20 CNY 20.18
CHONGQING WANSHENG ECO 6.39 04/17/20 CNY 20.20
CHONGQING WANSHENG ECO 8.19 04/08/21 CNY 41.12
CHONGQING WANSHENG ECO 8.19 04/08/21 CNY 43.90
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 60.70
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 65.00
CHONGQING XIYONG MICRO- 6.76 07/25/19 CNY 20.03
CHONGQING XIYONG MICRO- 6.58 07/25/21 CNY 61.53
CHONGQING XIYONG MICRO- 6.58 07/25/21 CNY 62.33
CHONGQING YONGCHUAN HUI 7.33 10/16/19 CNY 20.20
CHONGQING YONGCHUAN HUI 7.33 10/16/19 CNY 20.32
CHONGQING YONGCHUAN HUI 7.28 05/30/21 CNY 41.55
CHONGQING YONGCHUAN HUI 7.28 05/30/21 CNY 41.60
CHONGQING YUELAI INVEST 6.09 04/29/22 CNY 60.00
CHONGQING YUELAI INVEST 6.09 04/29/22 CNY 61.74
CHONGQING YUFU HOLDING 6.50 09/04/19 CNY 20.00
CHONGQING YUFU HOLDING 6.50 09/04/19 CNY 20.10
CHONGQING YUNAN ASSET M 7.05 06/17/21 CNY 41.18
CHONGQING YUNAN ASSET M 7.05 06/17/21 CNY 42.47
CHONGQING YUXING CONSTR 7.30 12/10/19 CNY 19.52
CHONGQING YUXING CONSTR 7.30 12/10/19 CNY 20.17
CHONGQING YUZHONG STATE 7.25 02/26/21 CNY 41.00
CHONGQING YUZHONG STATE 7.25 02/26/21 CNY 41.31
CHUN'AN XINANJIANG DEVE 6.10 03/11/22 CNY 61.28
CHUN'AN XINANJIANG DEVE 6.10 03/11/22 CNY 64.55
CHUXIONG AUTONOMOUS DEV 6.60 03/29/20 CNY 19.46
CHUXIONG AUTONOMOUS DEV 6.60 03/29/20 CNY 19.80
CHUZHOU CITY CONSTRUCTI 6.81 11/23/19 CNY 20.22
CHUZHOU CITY CONSTRUCTI 6.81 11/23/19 CNY 20.25
CHUZHOU CITY CONSTRUCTI 6.40 08/22/21 CNY 61.52
CHUZHOU TONGCHUANG CONS 7.05 01/09/20 CNY 20.00
CHUZHOU TONGCHUANG CONS 7.05 01/09/20 CNY 20.18
CITIC GUOAN GROUP CORP 4.23 12/15/20 CNY 21.74
CITIC GUOAN GROUP CORP 4.49 03/08/21 CNY 47.25
CITIC GUOAN GROUP CORP 4.90 11/06/19 CNY 47.25
CITIC GUOAN GROUP CORP 5.80 12/15/19 CNY 47.25
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 61.28
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 68.80
CIXI STATE OWNED ASSET 6.60 09/20/19 CNY 20.13
CIXI STATE OWNED ASSET 6.60 09/20/19 CNY 20.20
DALI ECONOMIC DEVELOPME 7.90 03/04/21 CNY 40.00
DALI ECONOMIC DEVELOPME 8.30 12/11/20 CNY 40.88
DALI ECONOMIC DEVELOPME 7.90 03/04/21 CNY 40.91
DALIAN DETA HOLDING CO 6.50 11/15/19 CNY 20.10
DALIAN PUWAN ENGINEERIN 7.09 02/20/21 CNY 39.76
DALIAN RONGDA INVESTMEN 5.69 12/05/21 CNY 60.87
DALIAN RONGDA INVESTMEN 5.69 12/05/21 CNY 60.88
DALIAN RONGQIANG INVEST 7.92 04/14/21 CNY 41.14
DALIAN RONGQIANG INVEST 7.92 04/14/21 CNY 41.15
DALIAN RONGQIANG INVEST 8.60 01/20/21 CNY 41.19
DALIAN RONGQIANG INVEST 8.60 01/20/21 CNY 41.20
DANDONG PORT GROUP CO L 5.50 01/27/21 CNY 59.00
DANGYANG XINYUAN INVEST 7.99 05/23/21 CNY 40.00
DANGYANG XINYUAN INVEST 7.99 05/23/21 CNY 41.32
DANYANG HI-TECH INDUSTR 6.40 04/24/22 CNY 58.71
DANYANG HI-TECH INDUSTR 6.40 04/24/22 CNY 60.00
DANYANG INVESTMENT GROU 6.81 10/23/19 CNY 25.13
DANYANG INVESTMENT GROU 6.81 10/23/19 CNY 25.53
DANYANG INVESTMENT GROU 6.90 10/23/20 CNY 40.00
DANYANG INVESTMENT GROU 6.90 10/23/20 CNY 40.64
DAQING GAOXIN STATE-OWN 6.88 12/05/19 CNY 20.11
DAQING GAOXIN STATE-OWN 6.88 12/05/19 CNY 20.12
DAWA COUNTY CITY CONSTR 6.29 06/12/22 CNY 57.99
DAWA COUNTY CITY CONSTR 6.29 06/12/22 CNY 62.50
DAYE ZHENHENG CITY DEVE 7.30 03/03/21 CNY 40.83
DAYE ZHENHENG CITY DEVE 7.95 11/27/20 CNY 41.00
DAYE ZHENHENG CITY DEVE 7.95 11/27/20 CNY 41.40
DAYE ZHENHENG CITY DEVE 7.30 03/03/21 CNY 43.53
DAZHOU DEVELOPMENT HOLD 6.55 01/14/22 CNY 60.00
DAZHOU DEVELOPMENT HOLD 6.55 01/14/22 CNY 61.67
DAZHOU INVESTMENT CO LT 6.99 12/25/19 CNY 20.16
DAZHOU INVESTMENT CO LT 6.99 12/25/19 CNY 20.34
DEHONGZHOU HONGKANG INV 6.68 01/23/22 CNY 60.18
DEHONGZHOU HONGKANG INV 6.68 01/23/22 CNY 61.03
DEYANG ECONOMIC DEVELOP 7.90 04/28/21 CNY 40.77
DEYANG ECONOMIC DEVELOP 7.90 04/28/21 CNY 48.26
DONGTAI UBAN CONSTRUCTI 7.10 12/26/19 CNY 20.17
DONGTAI UBAN CONSTRUCTI 7.10 12/26/19 CNY 20.30
DONGTAI UBAN CONSTRUCTI 7.58 04/23/21 CNY 41.39
DONGTAI UBAN CONSTRUCTI 8.65 01/13/21 CNY 41.48
DONGYING CITY URBAN ASS 5.57 03/31/22 CNY 60.84
DONGYING CITY URBAN ASS 5.57 03/31/22 CNY 61.26
DR PENG TELECOM & MEDIA 6.00 06/16/22 CNY 60.00
DR PENG TELECOM & MEDIA 7.00 04/25/23 CNY 70.10
DUJIANGYAN XINGYAN INVE 6.10 03/12/22 CNY 60.00
DUJIANGYAN XINGYAN INVE 6.10 03/12/22 CNY 60.45
EASTAR HOLDINGS GROUP C 7.30 10/31/20 CNY 63.00
ELION CLEAN ENERGY CO L 6.42 07/19/20 CNY 63.86
ELION CLEAN ENERGY CO L 7.30 04/23/20 CNY 68.41
ENSHI URBAN CONSTRUCTIO 7.55 10/22/19 CNY 20.21
ENSHI URBAN CONSTRUCTIO 7.50 06/03/21 CNY 41.36
ENSHI URBAN CONSTRUCTIO 7.50 06/03/21 CNY 47.54
EZHOU CITY CONSTRUCTION 7.76 05/15/21 CNY 41.72
EZHOU CITY CONSTRUCTION 7.76 05/15/21 CNY 46.50
EZHOU CITY CONSTRUCTION 6.68 09/19/21 CNY 60.53
EZHOU CITY CONSTRUCTION 6.68 09/19/21 CNY 61.00
FANGCHENGGANG CITY GANG 8.09 04/16/21 CNY 41.32
FANGCHENGGANG CITY GANG 8.09 04/16/21 CNY 42.00
FENGCHENG CITY CONSTRUC 6.49 02/10/22 CNY 64.49
FENGXIAN URBAN INVESTME 6.48 03/20/22 CNY 60.00
FENGXIAN URBAN INVESTME 6.48 03/20/22 CNY 60.84
FUGU COUNTY STATE-OWNED 8.69 12/16/20 CNY 40.00
FUGU COUNTY STATE-OWNED 8.69 12/16/20 CNY 40.82
FUGUINIAO CO LTD 6.30 04/22/20 CNY 13.00
FUJIAN JINJIANG INDUSTR 7.08 06/27/21 CNY 60.30
FUJIAN JINJIANG INDUSTR 7.08 06/27/21 CNY 61.57
FUJIAN JINJIANG URBAN C 6.35 04/26/20 CNY 20.20
FUJIAN JINJIANG URBAN C 6.35 04/26/20 CNY 20.44
FUJIAN LONGYAN CITY CON 7.45 08/14/19 CNY 20.04
FUJIAN NANPING HIGHWAY 6.69 01/28/20 CNY 20.21
FUJIAN PROVINCE LIANJIA 6.29 04/30/22 CNY 60.00
FUJIAN PROVINCE LIANJIA 6.29 04/30/22 CNY 61.92
FUNING URBAN INVESTMENT 7.19 08/15/21 CNY 60.80
FUNING URBAN INVESTMENT 7.19 08/15/21 CNY 61.15
FUQING CITY STATE-OWNED 6.66 03/01/21 CNY 39.88
FUQING CITY STATE-OWNED 5.94 11/26/22 CNY 70.31
FUXIN INFRASTRUCTURE CO 6.18 03/18/22 CNY 59.82
FUXIN INFRASTRUCTURE CO 6.18 03/18/22 CNY 62.80
FUZHOU INVESTMENT DEVEL 6.78 01/16/20 CNY 20.19
FUZHOU INVESTMENT DEVEL 6.78 01/16/20 CNY 20.36
FUZHOU JIANGONG GROUP C 6.80 12/10/19 CNY 40.40
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 60.00
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 60.53
GANSU PROVINCIAL STATE- 5.40 03/06/20 CNY 40.20
GANSU PROVINCIAL STATE- 5.40 03/06/20 CNY 40.46
GANZHOU CITY DEVELOPMEN 5.50 06/16/22 CNY 60.00
GANZHOU CITY DEVELOPMEN 5.50 06/16/22 CNY 61.54
GANZHOU DEVELOPMENT ZON 8.15 12/31/19 CNY 25.37
GANZHOU DEVELOPMENT ZON 7.40 02/19/20 CNY 25.41
GANZHOU DEVELOPMENT ZON 7.40 02/19/20 CNY 32.60
GANZHOU DEVELOPMENT ZON 8.15 12/31/19 CNY 33.50
GANZHOU DEVELOPMENT ZON 7.43 02/19/21 CNY 39.00
GANZHOU DEVELOPMENT ZON 7.43 02/19/21 CNY 41.18
GAOMI STATE-OWNED ASSET 6.70 11/15/19 CNY 20.12
GAOMI STATE-OWNED ASSET 6.70 11/15/19 CNY 25.00
GOLMUD INVESTMENT HOLDI 8.70 12/30/20 CNY 40.66
GOOCOO INVESTMENT CO LT 7.20 02/01/21 CNY 50.00
GREENLAND HOLDING GROUP 6.24 05/23/20 CNY 25.19
GREENLAND HOLDING GROUP 6.24 05/23/20 CNY 25.25
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 60.95
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 64.00
GUANGAN ECONOMIC & TECH 7.10 09/22/21 CNY 60.80
GUANGAN ECONOMIC & TECH 7.10 09/22/21 CNY 60.90
GUANGXI BAISE DEVELOPME 6.50 07/04/19 CNY 19.99
GUANGXI BAISE DEVELOPME 6.50 07/04/19 CNY 20.00
GUANGXI BAISE DEVELOPME 7.27 06/20/21 CNY 40.79
GUANGXI LAIBIN INDUSTRI 5.97 11/26/21 CNY 60.00
GUANGXI LAIBIN INDUSTRI 5.97 11/26/21 CNY 60.70
GUANGXI QINZHOU LINHAI 7.68 02/20/21 CNY 41.29
GUANGXI QINZHOU LINHAI 7.68 02/20/21 CNY 44.77
GUANGXI URBAN CONSTRUCT 7.59 04/14/21 CNY 41.39
GUANGXI URBAN CONSTRUCT 7.59 04/14/21 CNY 43.00
GUANGYUAN INVESTMENT HO 7.30 04/22/21 CNY 41.35
GUANGYUAN YUANQU CONSTR 8.35 08/26/21 CNY 62.05
GUANGYUAN YUANQU CONSTR 8.35 08/26/21 CNY 67.00
GUANGZHOU METRO GROUP C 6.45 04/02/24 CNY 70.00
GUANGZHOU METRO GROUP C 6.05 06/03/24 CNY 73.50
GUANGZHOU METRO GROUP C 6.05 06/03/24 CNY 74.05
GUANGZHOU METRO GROUP C 6.45 04/02/24 CNY 74.72
GUILIN CITY INVESTMENT 6.90 06/13/21 CNY 40.00
GUILIN CITY INVESTMENT 6.90 06/13/21 CNY 60.56
GUILIN ECONOMIC CONSTRU 5.60 04/22/22 CNY 60.00
GUILIN ECONOMIC CONSTRU 5.60 04/22/22 CNY 61.63
GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 61.24
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 65.00
GUIYANG HI-TECH HOLDING 6.01 12/01/19 CNY 25.02
GUIYANG URBAN CONSTRUCT 5.23 12/02/22 CNY 74.00
GUIYANG URBAN DEVELOPME 6.20 02/28/20 CNY 20.05
GUIZHOU FANJINGSHAN INV 6.95 01/28/22 CNY 60.00
GUIZHOU FANJINGSHAN INV 6.95 01/28/22 CNY 61.53
GUIZHOU GUILONG INDUSTR 7.80 04/28/22 CNY 74.25
GUIZHOU HONGCAI INVESTM 6.00 06/07/23 CNY 72.02
GUIZHOU HONGCAI INVESTM 6.00 06/07/23 CNY 73.01
GUIZHOU RAILWAY INVESTM 7.20 03/27/22 CNY 62.95
GUIZHOU RAILWAY INVESTM 7.20 03/27/22 CNY 63.04
GUIZHOU RAILWAY INVESTM 7.50 04/23/24 CNY 74.14
HAICHENG URBAN JINCAI L 8.17 04/16/21 CNY 40.00
HAICHENG URBAN JINCAI L 8.56 12/19/20 CNY 40.84
HAICHENG URBAN JINCAI L 8.17 04/16/21 CNY 41.12
HAICHENG URBAN JINCAI L 8.56 12/19/20 CNY 49.00
HAIFENG MARINE INFRASTR 6.84 04/29/22 CNY 60.00
HAIFENG MARINE INFRASTR 6.84 04/29/22 CNY 60.71
HAIMEN CITY DEVELOPMENT 6.22 04/03/22 CNY 61.93
HAIMEN CITY DEVELOPMENT 6.22 04/03/22 CNY 62.20
HAINAN HARBOR & SHIPPIN 6.80 10/18/19 CNY 40.22
HAINAN HARBOR & SHIPPIN 6.80 10/18/19 CNY 40.55
HAINAN JINHAI PULP & PA 6.10 04/15/20 CNY 37.50
HAINAN JINHAI PULP & PA 6.10 04/15/20 CNY 40.31
HAINING CITY DEVELOPMEN 5.58 10/22/21 CNY 61.15
HAINING CITY DEVELOPMEN 5.58 10/22/21 CNY 65.20
HAINING CITY JIANSHAN D 6.90 11/04/20 CNY 40.79
HAINING CITY JIANSHAN D 6.90 11/04/20 CNY 41.42
HAINING STATE-OWNED ASS 6.08 03/06/20 CNY 20.32
HAIXI STATE DEVELOPMENT 8.60 01/02/21 CNY 41.28
HAIXI STATE DEVELOPMENT 8.60 01/02/21 CNY 42.00
HAIYAN COUNTY STATE-OWN 7.00 09/04/20 CNY 40.68
HAIYAN COUNTY STATE-OWN 7.00 09/04/20 CNY 40.70
HANDAN CONSTRUCTION & I 5.48 05/27/22 CNY 61.40
HANDAN CONSTRUCTION & I 5.48 05/27/22 CNY 67.20
HANGZHOU CANAL COMPREHE 6.00 04/02/20 CNY 20.30
HANGZHOU CANAL COMPREHE 6.00 04/02/20 CNY 20.33
HANGZHOU FUYANG CITY CO 7.20 03/19/21 CNY 41.33
HANGZHOU FUYANG CITY CO 7.20 03/19/21 CNY 41.33
HANGZHOU GONGSHU DISTRI 6.90 07/21/21 CNY 60.40
HANGZHOU GONGSHU DISTRI 6.90 07/21/21 CNY 61.87
HANGZHOU HIGH-TECH INDU 6.45 01/28/20 CNY 20.22
HANGZHOU HIGH-TECH INDU 6.45 01/28/20 CNY 22.40
HANGZHOU XIAOSHAN ECO&T 6.90 05/13/21 CNY 41.10
HANGZHOU XIAOSHAN ECO&T 6.90 05/13/21 CNY 41.56
HANGZHOU YUHANG CITY CO 7.00 03/03/21 CNY 41.35
HANGZHOU YUHANG CITY CO 7.00 03/03/21 CNY 41.40
HANGZHOU YUHANG ECONOMI 7.45 03/03/21 CNY 41.17
HANGZHOU YUHANG INNOVAT 6.50 03/18/20 CNY 20.00
HANGZHOU YUHANG INNOVAT 6.50 03/18/20 CNY 20.29
HANGZHOU YUHANG TRANSPO 7.19 04/18/21 CNY 41.56
HANGZHOU YUHANG TRANSPO 7.19 04/18/21 CNY 41.85
HANJIANG STATE-OWNED-AS 7.30 11/11/20 CNY 41.19
HANJIANG STATE-OWNED-AS 7.30 11/11/20 CNY 46.60
HEBEI RONG TOU HOLDING 6.76 07/08/21 CNY 68.03
HEBI ECONOMIC CONSTRUCT 7.88 08/01/21 CNY 61.26
HEBI ECONOMIC CONSTRUCT 7.88 08/01/21 CNY 63.26
HEFEI GAOXIN DEVELOPMEN 6.90 03/12/20 CNY 40.48
HEFEI INDUSTRIAL INVEST 6.30 03/20/20 CNY 20.32
HEFEI INDUSTRIAL INVEST 6.30 03/20/20 CNY 21.12
HEGANG KAIYUAN CITY INV 6.50 07/19/19 CNY 20.05
HEILONGJIANG HECHENG CO 7.05 06/21/22 CNY 45.27
HEILONGJIANG HECHENG CO 5.60 11/11/21 CNY 59.76
HEILONGJIANG HECHENG CO 5.60 11/11/21 CNY 60.00
HEILONGJIANG POST-DISAS 7.06 11/20/20 CNY 13.17
HEILONGJIANG POST-DISAS 7.10 11/19/20 CNY 35.49
HEILONGJIANG POST-DISAS 7.06 11/20/20 CNY 49.91
HEILONGJIANG POST-DISAS 7.10 11/19/20 CNY 50.79
HENAN JIYUAN CITY CONST 7.50 09/25/19 CNY 20.12
HENGYANG BAISHAZHOU DEV 6.87 08/22/21 CNY 58.93
HENGYANG BAISHAZHOU DEV 6.87 08/22/21 CNY 64.50
HENGYANG CITY CONSTRUCT 7.06 08/13/19 CNY 20.10
HENGYANG CITY CONSTRUCT 7.06 08/13/19 CNY 20.12
HENGYANG HONGXIANG STAT 6.20 06/19/20 CNY 20.00
HENGYANG HONGXIANG STAT 6.20 06/19/20 CNY 20.15
HENGYANG XIANGJIANG WAT 7.40 04/23/21 CNY 41.10
HENGYANG XIANGJIANG WAT 7.40 04/23/21 CNY 41.35
HEYUAN CITY RUNYE INVES 6.20 12/03/21 CNY 60.62
HEYUAN CITY RUNYE INVES 6.20 12/03/21 CNY 65.88
HEZE INVESTMENT DEVELOP 7.14 03/24/21 CNY 40.00
HEZE INVESTMENT DEVELOP 7.14 03/24/21 CNY 41.17
HEZHOU URBAN CONSTRUCTI 8.16 05/16/21 CNY 41.58
HONGHEZHOU ROAD DEVELOP 6.27 05/06/20 CNY 20.00
HONGHEZHOU ROAD DEVELOP 6.27 05/06/20 CNY 20.27
HUACHEN ENERGY CO LTD 6.63 05/18/20 USD 64.60
HUAIAN CITY URBAN ASSET 6.87 12/26/19 CNY 20.20
HUAIAN CITY URBAN ASSET 6.87 12/26/19 CNY 20.30
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 61.70
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 61.85
HUAI'AN DEVELOPMENT HOL 7.20 09/06/19 CNY 20.04
HUAI'AN DEVELOPMENT HOL 7.30 03/10/21 CNY 41.27
HUAI'AN DEVELOPMENT HOL 7.30 03/10/21 CNY 47.84
HUAIAN HONGRI TRANSPORT 5.09 04/20/23 CNY 65.84
HUAI'AN NEW CITY INVEST 7.45 03/04/21 CNY 40.00
HUAI'AN NEW CITY INVEST 7.45 03/04/21 CNY 41.25
HUAI'AN NEW CITY INVEST 6.95 07/28/21 CNY 61.24
HUAI'AN NEW CITY INVEST 6.95 07/28/21 CNY 67.50
HUAIAN QINGHE NEW AREA 6.68 01/24/20 CNY 20.19
HUAIAN QINGHE NEW AREA 6.68 01/24/20 CNY 24.14
HUAIHUA CITY INDUSTRIAL 7.70 10/29/20 CNY 40.20
HUAIHUA CITY INDUSTRIAL 7.70 10/29/20 CNY 40.27
HUAIHUA ECONOMIC DEVELO 6.80 03/26/22 CNY 60.00
HUAIHUA ECONOMIC DEVELO 6.80 03/26/22 CNY 60.52
HUAINAN URBAN CONSTRUCT 6.79 07/09/21 CNY 61.16
HUAINAN URBAN CONSTRUCT 6.79 07/09/21 CNY 61.65
HUANGGANG CITY CONSTRUC 7.45 03/04/21 CNY 41.10
HUANGGANG CITY CONSTRUC 7.45 03/04/21 CNY 41.69
HUANGGANG CITY CONSTRUC 8.60 12/25/20 CNY 41.78
HUANGGANG CITY CONSTRUC 8.60 12/25/20 CNY 43.50
HUANGSHAN CHENGTOU GROU 5.95 05/06/22 CNY 60.65
HUANGSHAN CHENGTOU GROU 5.95 05/06/22 CNY 61.48
HUANGSHI CIHU HIGH-TECH 8.70 12/05/20 CNY 41.33
HUANGSHI CIHU HIGH-TECH 9.30 01/21/21 CNY 41.73
HUANGSHI URBAN CONSTRUC 6.96 10/25/19 CNY 20.17
HUANGSHI URBAN CONSTRUC 5.99 04/29/22 CNY 60.00
HUANGSHI URBAN CONSTRUC 5.99 04/29/22 CNY 61.26
HUBEI FUXING SCIENCE AN 7.60 06/15/21 CNY 59.70
HUBEI PROVINCE CHANGJIA 6.15 04/03/22 CNY 62.17
HUBEI PROVINCE CHANGJIA 6.15 04/03/22 CNY 62.40
HUBEI QUANZHOU YANGTZE 6.50 04/02/20 CNY 40.22
HUBEI QUANZHOU YANGTZE 6.50 04/02/20 CNY 40.32
HUIAN STATE ASSETS INVE 7.50 10/15/19 CNY 20.03
HUIAN STATE ASSETS INVE 7.50 10/15/19 CNY 20.03
HULUDAO INVESTMENT GROU 7.05 10/18/20 CNY 40.52
HULUDAO INVESTMENT GROU 7.05 10/18/20 CNY 40.65
HULUDAO INVESTMENT GROU 7.50 10/18/23 CNY 67.70
HULUDAO INVESTMENT GROU 7.50 10/18/23 CNY 72.69
HULUNBEIER INVESTMENT C 6.31 04/30/22 CNY 60.00
HULUNBEIER INVESTMENT C 6.31 04/30/22 CNY 60.73
HUNAN CHANGDE DEYUAN IN 6.50 06/16/21 CNY 41.20
HUNAN CHANGDE DEYUAN IN 6.50 06/16/21 CNY 42.25
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 57.20
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 67.00
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 73.95
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 74.33
HUNAN TIER GROUP CO LTD 7.10 03/03/21 CNY 41.10
HUNAN TIER GROUP CO LTD 8.00 12/23/20 CNY 41.26
HUNAN TIER GROUP CO LTD 7.10 03/03/21 CNY 41.78
HUNAN TIER GROUP CO LTD 8.00 12/23/20 CNY 42.72
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 74.00
HUNAN XIANGJIANG NEW AR 7.36 03/17/21 CNY 40.00
HUNAN XIANGJIANG NEW AR 7.36 03/17/21 CNY 41.50
HUNNAN JINYANG INVESTME 5.70 11/27/21 CNY 58.60
HUNNAN JINYANG INVESTME 5.70 11/27/21 CNY 59.82
HUZHOU CITY INVESTMENT 6.70 12/14/19 CNY 20.13
HUZHOU URBAN CONSTRUCTI 6.48 08/28/21 CNY 61.11
HUZHOU URBAN CONSTRUCTI 6.48 08/28/21 CNY 62.38
HUZHOU WUXING NANTAIHU 8.79 01/16/21 CNY 40.80
HUZHOU WUXING NANTAIHU 8.79 01/16/21 CNY 41.27
HUZHOU XISAISHAN DEVELO 7.80 04/29/21 CNY 40.00
HUZHOU XISAISHAN DEVELO 7.80 04/29/21 CNY 41.68
INNER MONGOLIA KE'ERQIN 7.75 09/24/19 CNY 20.00
INNER MONGOLIA KE'ERQIN 7.75 09/24/19 CNY 20.08
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 50.49
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 60.00
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 60.00
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 60.16
INNER MONGOLIA SHENGXIA 8.18 08/21/21 CNY 60.91
INNER MONGOLIA SHENGXIA 8.18 08/21/21 CNY 64.00
INNER MONGOLIA ZHUNGEER 6.54 12/31/21 CNY 60.82
INNER MONGOLIA ZHUNGEER 6.54 12/31/21 CNY 62.01
JIAN CITY JINGANGSHAN D 7.99 06/03/21 CNY 41.00
JIANAN INVESTMENT HOLDI 7.68 09/04/19 CNY 20.16
JIANAN INVESTMENT HOLDI 6.85 05/23/21 CNY 41.41
JIANAN INVESTMENT HOLDI 6.85 05/23/21 CNY 46.50
JIANGDONG HOLDING GROUP 7.14 04/24/21 CNY 41.69
JIANGMEN BINJIANG CONST 6.60 02/28/20 CNY 20.38
JIANGMEN BINJIANG CONST 6.60 02/28/20 CNY 20.41
JIANGMEN NEW HI-TECH IN 7.39 11/04/20 CNY 40.85
JIANGMEN NEW HI-TECH IN 7.39 11/04/20 CNY 40.90
JIANGMEN NEW HI-TECH IN 6.03 04/22/22 CNY 61.39
JIANGSU FURU DONGHAI DE 7.09 09/13/20 CNY 40.00
JIANGSU FURU DONGHAI DE 7.09 09/13/20 CNY 40.37
JIANGSU HAIZHOUWAN DEVE 5.37 03/29/23 CNY 59.50
JIANGSU HENGYUAN INVEST 8.60 01/09/21 CNY 41.49
JIANGSU HENGYUAN INVEST 8.60 01/09/21 CNY 49.30
JIANGSU HUAJING ASSETS 6.00 05/16/20 CNY 20.16
JIANGSU HUAJING ASSETS 6.00 05/16/20 CNY 20.30
JIANGSU JINGUAN INVESTM 7.90 04/08/21 CNY 40.00
JIANGSU JINGUAN INVESTM 7.90 04/08/21 CNY 41.12
JIANGSU JINTAN GUOFA IN 6.85 05/30/21 CNY 40.00
JIANGSU JINTAN GUOFA IN 6.85 05/30/21 CNY 40.83
JIANGSU JURONG FUDI BIO 7.70 03/21/21 CNY 71.00
JIANGSU JURONG FUDI BIO 7.70 03/21/21 CNY 72.25
JIANGSU NANTONG NO2 CON 8.10 07/10/21 CNY 60.07
JIANGSU NEWHEADLINE DEV 7.00 08/27/20 CNY 40.38
JIANGSU NEWHEADLINE DEV 7.00 08/27/20 CNY 44.90
JIANGSU SUHAI INVESTMEN 7.20 11/07/19 CNY 20.13
JIANGSU SUHAI INVESTMEN 7.20 11/07/19 CNY 20.25
JIANGSU SUHAI INVESTMEN 7.28 05/29/21 CNY 41.31
JIANGSU SUHAI INVESTMEN 7.28 05/29/21 CNY 45.00
JIANGSU TAICANG PORT DE 7.40 04/28/21 CNY 40.00
JIANGSU TAICANG PORT DE 7.40 04/28/21 CNY 41.50
JIANGSU WANGTAO INVESTM 6.82 09/15/20 CNY 50.82
JIANGSU WANGTAO INVESTM 6.82 09/15/20 CNY 51.10
JIANGSU WUZHONG ECONOMI 5.49 11/19/21 CNY 60.32
JIANGSU WUZHONG ECONOMI 5.49 11/19/21 CNY 61.25
JIANGSU XISHAN ECONOMIC 6.99 11/01/19 CNY 20.14
JIANGSU XISHAN ECONOMIC 6.99 11/01/19 CNY 31.00
JIANGSU YANGKOU PORT CO 6.23 04/10/22 CNY 60.93
JIANGSU YANGKOU PORT CO 6.23 04/10/22 CNY 67.50
JIANGSU YIXING ECONOMIC 7.69 04/18/21 CNY 41.14
JIANGSU YIXING ECONOMIC 7.69 04/18/21 CNY 50.19
JIANGSU ZHANGJIAGANG EC 6.98 11/16/19 CNY 20.17
JIANGSU ZHANGJIAGANG EC 6.98 11/16/19 CNY 20.25
JIANGSU ZHUFU INDUSTRIA 4.93 12/29/20 CNY 69.88
JIANGXI HEJI INVESTMENT 8.00 09/04/19 CNY 20.06
JIANGXI HEJI INVESTMENT 8.00 09/04/19 CNY 20.07
JIANGXI PINGXIANG CHANG 8.18 05/22/21 CNY 40.98
JIANGXI PINGXIANG CHANG 8.18 05/22/21 CNY 49.34
JIANGXI PROVINCE SITONG 8.20 04/18/21 CNY 41.05
JIANGXI PROVINCE SITONG 8.20 04/18/21 CNY 41.09
JIANGYIN GAOXIN DISTRIC 6.60 02/27/20 CNY 20.27
JIANGYIN LINGANG NEW CI 7.10 11/07/20 CNY 40.40
JIANGYIN LINGANG NEW CI 7.10 11/07/20 CNY 41.00
JIANHU COUNTY DEVELOPME 7.29 09/25/21 CNY 60.78
JIANHU COUNTY DEVELOPME 7.29 09/25/21 CNY 62.75
JIANHU URBAN CONSTRUCTI 6.50 02/22/20 CNY 20.19
JIANHU URBAN CONSTRUCTI 6.50 02/22/20 CNY 21.50
JIANHU URBAN CONSTRUCTI 6.30 06/01/22 CNY 60.95
JIANHU URBAN CONSTRUCTI 6.30 06/01/22 CNY 62.86
JIASHAN ECONOMIC DEVELO 7.05 12/03/19 CNY 20.28
JIASHAN ECONOMIC DEVELO 7.05 12/03/19 CNY 24.43
JIAXING ECONOMIC&TECHNO 7.89 03/05/21 CNY 41.79
JIAXING ECONOMIC&TECHNO 7.89 03/05/21 CNY 45.17
JIAXING NANHU INVESTMEN 7.45 02/26/21 CNY 41.27
JIAYUGUAN CITY INFRASTR 7.83 09/23/21 CNY 60.00
JIAYUGUAN CITY INFRASTR 7.83 09/23/21 CNY 60.92
JIEYANGSHI CHENGSHI TOU 6.55 08/27/21 CNY 61.29
JILIN CITY CONSTRUCTION 6.34 02/26/20 CNY 20.14
JILIN CITY CONSTRUCTION 6.34 02/26/20 CNY 25.00
JILIN LIYUAN PRECISION 7.00 09/22/19 CNY 16.00
JILIN RAILWAY INVESTMEN 7.18 03/04/21 CNY 40.84
JINAN CITY CONSTRUCTION 6.80 03/20/21 CNY 41.25
JINAN CITY CONSTRUCTION 6.80 03/20/21 CNY 41.41
JINAN CITY LICHENG DIST 5.00 06/23/22 CNY 60.01
JINAN HI-TECH HOLDING G 6.38 06/19/21 CNY 41.12
JINAN XIAOQINGHE DEVELO 7.15 09/05/19 CNY 20.08
JINCHENG CITY STATE OWN 4.99 11/11/21 CNY 59.00
JINCHENG CITY STATE OWN 4.99 11/11/21 CNY 60.60
JINGDEZHEN STATE-OWNED 6.59 06/25/20 CNY 40.45
JINGHONG STATE-OWNED AS 8.08 05/23/21 CNY 39.00
JINGHONG STATE-OWNED AS 8.08 05/23/21 CNY 40.65
JINGJIANG HARBOUR GROUP 7.30 08/05/21 CNY 60.75
JINGJIANG HARBOUR GROUP 7.30 08/05/21 CNY 68.68
JINGMEN CITY CONSTRUCTI 7.00 10/17/20 CNY 40.77
JINGMEN CITY CONSTRUCTI 6.85 07/09/22 CNY 61.81
JINGMEN CITY CONSTRUCTI 6.85 07/09/22 CNY 62.00
JINGZHOU ECONOMIC TECHN 8.20 12/09/20 CNY 41.19
JINGZHOU ECONOMIC TECHN 8.20 12/09/20 CNY 41.80
JINHU COUNTY STATE-OWNE 7.75 08/25/21 CNY 61.43
JINHU COUNTY STATE-OWNE 7.75 08/25/21 CNY 66.95
JINING CITY SHIZHONG DI 6.39 01/29/22 CNY 61.42
JINING CITY SHIZHONG DI 6.39 01/29/22 CNY 64.44
JINING HI-TECH TOWN CON 6.09 04/30/22 CNY 61.50
JINING HI-TECH TOWN CON 6.09 04/30/22 CNY 61.76
JINSHAN STATE-OWNED ASS 6.65 11/27/19 CNY 20.16
JINZHONG CITY PUBLIC IN 6.50 03/18/20 CNY 20.00
JINZHONG CITY PUBLIC IN 6.50 03/18/20 CNY 20.16
JINZHOU CITY INVESTMENT 8.50 12/27/20 CNY 41.27
JINZHOU CITY INVESTMENT 8.50 12/27/20 CNY 41.95
JINZHOU CITY INVESTMENT 6.44 08/18/21 CNY 60.57
JINZHOU CITY INVESTMENT 6.44 08/18/21 CNY 64.91
JINZHOU HUAXING INVESTM 8.38 02/25/21 CNY 41.10
JINZHOU HUAXING INVESTM 9.10 01/21/21 CNY 41.45
JISHOU HUATAI STATE OWN 7.18 02/09/22 CNY 60.65
JISHOU HUATAI STATE OWN 7.18 02/09/22 CNY 62.82
JIUJIANG CITY CONSTRUCT 5.50 05/22/22 CNY 59.55
JIUJIANG CITY CONSTRUCT 5.50 05/22/22 CNY 61.34
JIUJIANG LAND INVESTMEN 6.20 03/23/22 CNY 60.36
JIUJIANG LAND INVESTMEN 6.20 03/23/22 CNY 61.82
JIUJIANG STATE-OWNED AS 6.68 03/07/20 CNY 20.29
JIUJIANG STATE-OWNED AS 6.68 03/07/20 CNY 20.30
JIUQUAN ECONOMIC DEVELO 7.40 02/26/21 CNY 41.19
JIXI STATE OWN ASSET MA 6.87 01/19/22 CNY 48.50
JIXI STATE OWN ASSET MA 6.87 01/19/22 CNY 60.85
KAIFENG DEVELOPMENT INV 6.47 07/11/19 CNY 20.02
KAIFENG NEW DISTRICT IN 6.35 03/23/22 CNY 60.00
KAIFENG NEW DISTRICT IN 6.35 03/23/22 CNY 60.11
KANGDE XIN COMPOSITE MA 5.50 01/15/19 CNY 55.00
KANGDE XIN COMPOSITE MA 5.50 02/15/22 CNY 55.00
KANGMEI PHARMACEUTICAL 5.29 08/16/22 CNY 10.52
KANGMEI PHARMACEUTICAL 5.20 07/17/22 CNY 11.77
KANGMEI PHARMACEUTICAL 5.47 09/15/22 CNY 12.16
KANGMEI PHARMACEUTICAL 7.00 09/03/19 CNY 14.00
KANGMEI PHARMACEUTICAL 6.80 06/28/21 CNY 14.00
KANGMEI PHARMACEUTICAL 7.00 06/21/21 CNY 14.00
KANGMEI PHARMACEUTICAL 6.28 03/20/21 CNY 14.76
KANGMEI PHARMACEUTICAL 6.10 03/28/21 CNY 14.82
KANGMEI PHARMACEUTICAL 5.50 04/20/21 CNY 15.31
KANGMEI PHARMACEUTICAL 5.33 01/27/22 CNY 36.69
KASHGAR SHENKA INVESTME 7.08 07/07/20 CNY 49.75
KASHGAR SHENKA INVESTME 7.08 07/07/20 CNY 50.63
KUERLE CITY CONSTRUCTIO 6.99 05/20/20 CNY 25.49
KUERLE CITY CONSTRUCTIO 6.99 05/20/20 CNY 25.52
KUNMING DIANCHI INVESTM 6.50 02/01/20 CNY 20.21
KUNMING DIANCHI INVESTM 6.50 02/01/20 CNY 20.22
KUNMING DONGJUN REAL ES 4.50 11/02/21 CNY 73.91
KUNMING EXPRESSWAY CONS 7.50 01/21/20 CNY 20.23
KUNMING INDUSTRIAL DEVE 6.46 10/23/19 CNY 20.13
KUNMING INDUSTRIAL DEVE 6.46 10/23/19 CNY 23.01
KUNSHAN CHUANGYE HOLDIN 6.28 11/07/19 CNY 20.11
KUNSHAN COMMUNICATION D 6.95 05/22/21 CNY 41.62
KUNSHAN COMMUNICATION D 6.95 05/22/21 CNY 45.45
KUNSHAN HIGH TECHNOLOGY 7.10 03/26/21 CNY 41.25
LAIWU CITY ECONOMIC DEV 7.08 02/28/21 CNY 41.34
LAIWU CITY ECONOMIC DEV 7.08 02/28/21 CNY 41.40
LANZHOU NATIONAL CAPITA 6.32 09/10/21 CNY 54.90
LANZHOU NATIONAL CAPITA 6.32 09/10/21 CNY 59.87
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 57.50
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 65.00
LEQING CITY STATE OWNED 6.50 06/29/19 CNY 20.02
LEQING CITY STATE OWNED 6.50 06/29/19 CNY 20.02
LEQING CITY STATE OWNED 5.99 10/20/21 CNY 60.85
LEQING CITY STATE OWNED 5.99 10/20/21 CNY 61.14
LESHAN STATE-OWNED ASSE 5.68 10/22/21 CNY 60.79
LESHAN STATE-OWNED ASSE 5.68 10/22/21 CNY 65.60
LIANYUNGANG TRANSPORT G 5.47 11/17/21 CNY 60.39
LIANYUNGANG TRANSPORT G 5.47 11/17/21 CNY 65.00
LIAONING COASTAL ECONOM 8.90 04/01/21 CNY 7.27
LIAONING COASTAL ECONOM 8.90 04/01/21 CNY 11.57
LILING LUJIANG INVESTME 8.10 05/22/21 CNY 41.16
LILING LUJIANG INVESTME 8.10 05/22/21 CNY 43.00
LILING LUJIANG INVESTME 7.18 09/05/21 CNY 61.02
LILING LUJIANG INVESTME 7.18 09/05/21 CNY 65.23
LINCANG STATE-OWNED ASS 6.58 04/11/20 CNY 20.32
LINFEN CITY INVESTMENT 6.20 05/23/20 CNY 20.23
LINFEN CITY INVESTMENT 6.20 05/23/20 CNY 20.25
LINFEN YAODU DISTRICT I 6.99 09/27/20 CNY 40.00
LINFEN YAODU DISTRICT I 6.99 09/27/20 CNY 40.24
LINFEN YAODU DISTRICT I 7.19 03/13/22 CNY 60.30
LINFEN YAODU DISTRICT I 7.19 03/13/22 CNY 60.37
LINHAI CITY INFRASTRUCT 6.30 03/21/20 CNY 20.06
LINHAI CITY INFRASTRUCT 6.30 03/21/20 CNY 20.50
LINYI ECONOMIC DEVELOPM 8.26 09/24/19 CNY 20.15
LINZHOU ECONOMIC & TECH 8.30 04/25/20 CNY 25.00
LINZHOU ECONOMIC & TECH 8.30 04/25/20 CNY 25.48
LISHUI CITY CONSTRUCTIO 6.00 05/23/20 CNY 20.10
LISHUI CITY CONSTRUCTIO 6.00 05/23/20 CNY 20.14
LIUYANG URBAN CONSTRUCT 6.98 08/22/21 CNY 61.71
LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 62.19
LIUZHOU DONGCHENG INVES 7.40 10/29/20 CNY 40.91
LIUZHOU DONGCHENG INVES 7.40 10/29/20 CNY 41.00
LIUZHOU INVESTMENT HOLD 6.98 08/15/19 CNY 20.06
LIUZHOU LONGJIAN INVEST 8.28 04/30/24 CNY 74.62
LIYANG CITY CONSTRUCTIO 6.20 03/08/20 CNY 20.10
LIYANG CITY CONSTRUCTIO 6.20 03/08/20 CNY 20.18
LIYANG KUNLUN URBAN CON 5.90 10/24/21 CNY 58.00
LIYANG KUNLUN URBAN CON 5.90 10/24/21 CNY 60.84
LONGHAI STATE-OWNED ASS 6.58 08/15/21 CNY 60.85
LOUDI CITY CONSTRUCTION 7.95 04/15/21 CNY 41.61
LOUDI CITY CONSTRUCTION 7.95 04/15/21 CNY 50.31
LOUDI TIDU INVESTMENT D 7.18 08/27/21 CNY 60.00
LOUDI TIDU INVESTMENT D 7.18 08/27/21 CNY 61.43
LUJIANG CITY CONSTRUCTI 6.70 04/16/22 CNY 60.00
LUJIANG CITY CONSTRUCTI 6.70 04/16/22 CNY 60.67
LUOHE CITY CONSTRUCTION 6.99 10/30/19 CNY 20.13
LUOHE CITY CONSTRUCTION 5.25 09/11/20 CNY 70.43
MA'ANSHAN CIHU HIGH TEC 6.85 09/09/21 CNY 61.54
MA'ANSHAN CIHU HIGH TEC 6.85 09/09/21 CNY 63.00
MAANSHAN ECONOMIC TECHN 7.10 12/20/19 CNY 20.22
MAANSHAN ECONOMIC TECHN 7.10 12/20/19 CNY 21.13
MAANSHAN ECONOMIC TECHN 6.49 03/06/22 CNY 60.98
MAANSHAN ECONOMIC TECHN 6.49 03/06/22 CNY 64.99
MAANSHAN HUASHAN DISTRI 6.07 04/20/22 CNY 60.99
MAANSHAN HUASHAN DISTRI 6.07 04/20/22 CNY 61.94
MACROLINK HOLDING CO LT 6.98 03/06/20 CNY 67.98
MEISHAN CITY ASSET OPER 7.84 02/26/21 CNY 41.38
MEISHAN HONGDA CONSTRUC 6.56 06/19/20 CNY 40.40
MEIZHOU CITY XIN JIN YE 6.02 04/22/22 CNY 61.21
MEIZHOU CITY XIN JIN YE 6.02 04/22/22 CNY 65.32
MEIZHOU KANGDA HIGHWAY 6.95 09/10/20 CNY 40.43
MEIZHOU KANGDA HIGHWAY 6.95 09/10/20 CNY 40.68
MUDANJIANG STATE-OWNED 7.70 04/14/21 CNY 40.90
MUDANJIANG STATE-OWNED 7.70 04/14/21 CNY 40.90
NANCHANG CITY CONSTRUCT 6.19 02/20/20 CNY 20.34
NANCHANG CITY CONSTRUCT 6.19 02/20/20 CNY 20.36
NANCHANG COUNTY URBAN C 6.50 07/17/19 CNY 25.03
NANCHANG COUNTY URBAN C 6.50 07/17/19 CNY 25.15
NANCHANG ECONOMY TECHNO 6.88 01/09/20 CNY 20.21
NANCHANG MUNICIPAL PUBL 5.88 02/25/20 CNY 20.20
NANCHANG MUNICIPAL PUBL 5.88 02/25/20 CNY 20.45
NANCHANG WATER CONSERVA 6.28 06/21/20 CNY 20.36
NANCHANG WATER CONSERVA 6.28 06/21/20 CNY 20.37
NANCHONG AIRPORT INVEST 6.80 01/26/22 CNY 60.80
NANCHONG AIRPORT INVEST 6.80 01/26/22 CNY 61.37
NANCHONG ECONOMIC DEVEL 8.28 04/21/21 CNY 41.18
NANCHONG ECONOMIC DEVEL 8.28 04/21/21 CNY 51.20
NANJING HEXI NEW TOWN A 3.47 06/17/21 CNY 69.50
NANJING JIANGBEI NEW AR 6.94 09/07/19 CNY 20.09
NANJING JIANGBEI NEW AR 6.94 09/07/19 CNY 22.52
NANJING LISHUI ECONOMIC 6.27 09/22/21 CNY 61.46
NANJING LISHUI ECONOMIC 6.27 09/22/21 CNY 62.10
NANJING LISHUI URBAN CO 5.80 05/29/20 CNY 20.27
NANJING LISHUI URBAN CO 5.80 05/29/20 CNY 20.50
NANJING PUKOU ECONOMIC 7.10 10/08/19 CNY 20.00
NANJING PUKOU ECONOMIC 7.10 10/08/19 CNY 20.13
NANJING STATE OWNED ASS 5.40 03/06/20 CNY 20.21
NANJING STATE OWNED ASS 5.60 03/06/23 CNY 62.22
NANJING TANGSHAN CONSTR 6.80 06/30/21 CNY 61.26
NANJING TANGSHAN CONSTR 6.80 06/30/21 CNY 66.80
NANJING XINGANG DEVELOP 6.80 01/08/20 CNY 20.10
NANNING LVGANG CONSTRUC 7.30 06/27/21 CNY 61.45
NANNING LVGANG CONSTRUC 7.30 06/27/21 CNY 64.80
NANPING CITY WUYI NEW D 6.70 08/06/20 CNY 40.46
NANPING CITY WUYI NEW D 6.70 08/06/20 CNY 40.83
NANTONG CHONGCHUAN URBA 7.15 04/18/21 CNY 41.44
NANTONG CHONGCHUAN URBA 7.15 04/18/21 CNY 45.40
NANTONG CITY GANGZHA DI 7.15 01/09/20 CNY 20.24
NANTONG CITY GANGZHA DI 7.15 01/09/20 CNY 24.00
NANTONG ECONOMIC & TECH 5.80 05/17/20 CNY 20.25
NANTONG ECONOMIC & TECH 5.80 05/17/20 CNY 20.28
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 60.00
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 61.22
NANYANG INVESTMENT GROU 7.05 10/24/20 CNY 40.91
NEIJIANG INVESTMENT HOL 7.99 04/24/21 CNY 41.66
NEIJIANG INVESTMENT HOL 7.99 04/24/21 CNY 48.53
NEOGLORY HOLDING GROUP 8.00 10/22/20 CNY 56.00
NEOGLORY HOLDING GROUP 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROUP 8.10 11/23/18 CNY 72.00
NINGBO CITY HAISHU GUAN 7.75 03/06/21 CNY 41.55
NINGBO CITY HAISHU GUAN 7.75 03/06/21 CNY 46.30
NINGBO CITY ZHENHAI INV 5.85 12/04/21 CNY 61.18
NINGBO CITY ZHENHAI INV 5.85 12/04/21 CNY 61.49
NINGBO EASTERN NEW TOWN 6.45 01/21/20 CNY 20.29
NINGBO EASTERN NEW TOWN 6.45 01/21/20 CNY 20.32
NINGBO ECONOMIC & TECHN 7.09 04/21/21 CNY 41.54
NINGBO ECONOMIC & TECHN 7.09 04/21/21 CNY 49.00
NINGBO MEISHAN ISLAND D 6.27 03/23/22 CNY 61.84
NINGBO MEISHAN ISLAND D 6.27 03/23/22 CNY 68.29
NINGBO SHUNNONG GROUP C 7.20 10/16/19 CNY 20.14
NINGBO YINCHENG GROUP C 6.50 03/18/20 CNY 20.40
NINGBO YINCHENG GROUP C 6.50 03/18/20 CNY 20.41
NINGGUO CITY STATE OWNE 8.70 04/28/21 CNY 40.00
NINGGUO CITY STATE OWNE 8.70 04/28/21 CNY 41.66
NINGHAI COUNTY URBAN IN 8.00 01/02/21 CNY 41.24
NINGHAI COUNTY URBAN IN 7.99 04/16/21 CNY 41.50
NINGHAI COUNTY URBAN IN 7.99 04/16/21 CNY 41.51
NINGHAI COUNTY URBAN IN 8.00 01/02/21 CNY 45.00
NINGXIANG CITY CONSTRUC 6.70 01/20/22 CNY 60.20
NINGXIANG CITY CONSTRUC 6.70 01/20/22 CNY 61.88
NINGXIANG ECONOMIC TECH 8.20 04/16/21 CNY 41.59
NINGXIANG ECONOMIC TECH 8.20 04/16/21 CNY 42.70
PANJIN CITY SHUANGTAIZI 7.25 01/22/22 CNY 60.54
PANJIN CITY SHUANGTAIZI 7.25 01/22/22 CNY 61.40
PANSHAN COUNTY STATE-OW 7.48 01/21/22 CNY 60.00
PANSHAN COUNTY STATE-OW 7.48 01/21/22 CNY 61.96
PANZHIHUA STATE OWNED A 5.41 07/29/20 CNY 39.30
PANZHIHUA STATE OWNED A 7.60 03/05/21 CNY 40.32
PANZHIHUA STATE OWNED A 7.60 03/05/21 CNY 41.35
PANZHIHUA STATE OWNED A 8.18 03/13/22 CNY 62.88
PEIXIAN STATE-OWNED ASS 7.20 12/06/19 CNY 20.18
PINGHU CITY INVESTMENT 7.20 09/18/19 CNY 20.09
PINGHU CITY INVESTMENT 7.20 09/18/19 CNY 20.10
PINGHU ECONOMIC DEVELOP 7.99 04/17/21 CNY 41.39
PINGHU ECONOMIC DEVELOP 7.99 04/17/21 CNY 43.00
PINGLIANG CHENGXIANG CO 7.10 09/17/20 CNY 40.65
PINGTAN COMPOSITE EXPER 6.58 03/15/20 CNY 20.20
PINGTAN COMPOSITE EXPER 6.58 03/15/20 CNY 20.21
PINGXIANG HUIFENG INVES 6.60 01/26/22 CNY 60.00
PINGXIANG HUIFENG INVES 6.60 01/26/22 CNY 60.74
PINGXIANG URBAN CONSTRU 6.89 12/10/19 CNY 20.12
PINGXIANG URBAN CONSTRU 6.89 12/10/19 CNY 20.14
PIZHOU CITY HENGRUN INV 6.46 12/05/21 CNY 61.17
PIZHOU CITY HENGRUN INV 6.46 12/05/21 CNY 62.46
PIZHOU RUNCHENG ASSET O 7.55 09/25/19 CNY 20.08
PIZHOU RUNCHENG ASSET O 7.55 09/25/19 CNY 20.13
PIZHOU RUNCHENG ASSET O 7.88 04/16/21 CNY 41.96
PIZHOU RUNCHENG ASSET O 7.88 04/16/21 CNY 48.80
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 75.29
PUYANG INVESTMENT GROUP 8.00 12/11/20 CNY 40.00
PUYANG INVESTMENT GROUP 8.00 12/11/20 CNY 40.95
QIANAN URBAN CONSTRUCTI 8.88 01/23/21 CNY 40.00
QIANAN URBAN CONSTRUCTI 8.88 01/23/21 CNY 41.79
QIANAN URBAN CONSTRUCTI 7.19 08/11/21 CNY 60.00
QIANAN URBAN CONSTRUCTI 7.19 08/11/21 CNY 61.64
QIANAN XINGYUAN WATER I 6.25 04/22/22 CNY 61.49
QIANAN XINGYUAN WATER I 6.25 04/22/22 CNY 66.90
QIANDONGNAN TRANSPORTAT 5.79 12/21/22 CNY 73.96
QIANDONGNANZHOU KAIHONG 7.80 10/30/19 CNY 19.92
QIANJIANG URBAN CONSTRU 8.38 04/22/21 CNY 41.00
QIANJIANG URBAN CONSTRU 8.38 04/22/21 CNY 41.47
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 59.88
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 66.80
QIANXI NANZHOU HONGSHEN 6.99 11/22/19 CNY 19.99
QIANXI NANZHOU HONGSHEN 6.99 11/22/19 CNY 20.06
QIDONG STATE-OWNED ASSE 7.30 11/20/22 CNY 62.46
QIDONG URBAN CONSTRUCTI 7.90 04/28/21 CNY 41.50
QIDONG URBAN CONSTRUCTI 7.90 04/28/21 CNY 41.66
QIDONG URBAN CONSTRUCTI 8.20 04/04/21 CNY 41.78
QINGDAO CONSON DEVELOPM 6.40 12/12/22 CNY 62.38
QINGDAO CONSON DEVELOPM 6.40 12/12/22 CNY 62.98
QINGDAO HICREAT DEVELOP 6.88 04/25/21 CNY 41.13
QINGDAO HICREAT DEVELOP 6.88 04/25/21 CNY 41.51
QINGDAO JIAOZHOU CITY D 6.59 01/25/20 CNY 20.27
QINGDAO JIAOZHOUWAN DEV 6.33 09/18/21 CNY 61.37
QINGDAO JIAOZHOUWAN DEV 6.33 09/18/21 CNY 61.50
QINGDAO JIMO CITY TOURI 5.47 11/17/21 CNY 60.80
QINGDAO JIMO CITY TOURI 5.47 11/17/21 CNY 61.05
QINGDAO JIMO CITY URBAN 8.10 12/17/19 CNY 25.39
QINGDAO JIMO CITY URBAN 8.10 12/17/19 CNY 25.90
QINGDAO LAIXI CITY ASSE 7.50 03/06/21 CNY 40.62
QINGDAO LAIXI CITY ASSE 7.50 03/06/21 CNY 48.79
QINGHAI PROVINCIAL INVE 6.40 07/10/21 USD 74.80
QINGYANG CITY ECONOMIC 7.98 04/16/21 CNY 41.06
QINGYUAN TRANSPORTATION 8.20 12/19/20 CNY 41.57
QINGZHOU HONGYUAN PUBLI 7.35 10/19/19 CNY 20.00
QINGZHOU HONGYUAN PUBLI 7.35 10/19/19 CNY 20.15
QINGZHOU HONGYUAN PUBLI 7.59 05/29/21 CNY 41.83
QINHUANGDAO DEVELOPMENT 8.00 12/17/20 CNY 40.00
QINHUANGDAO DEVELOPMENT 8.00 12/17/20 CNY 40.78
QINHUANGDAO DEVELOPMENT 8.45 04/18/21 CNY 41.57
QINHUANGDAO DEVELOPMENT 8.45 04/18/21 CNY 44.61
QINZHOU BINHAI NEW CITY 7.00 08/27/20 CNY 40.55
QINZHOU BINHAI NEW CITY 7.00 08/27/20 CNY 41.50
QINZHOU BINHAI NEW CITY 6.99 07/07/21 CNY 60.00
QINZHOU BINHAI NEW CITY 6.99 07/07/21 CNY 60.80
QINZHOU CITY DEVELOPMEN 7.10 10/16/19 CNY 40.10
QINZHOU CITY DEVELOPMEN 7.10 10/16/19 CNY 40.24
QIONGLAI CITY CONSTRUCT 6.98 03/25/22 CNY 60.62
QIONGLAI CITY CONSTRUCT 6.98 03/25/22 CNY 64.90
QUJING DEVELOPMENT INVE 7.25 09/06/19 CNY 20.07
QUJING DEVELOPMENT INVE 7.25 09/06/19 CNY 22.00
QUJING DEVELOPMENT INVE 7.48 04/28/21 CNY 41.47
QUJING DEVELOPMENT INVE 7.48 04/28/21 CNY 42.55
QUJING ECO TECH DEVELOP 7.48 07/21/21 CNY 60.55
QUZHOU STATE OWNED ASSE 7.20 04/21/21 CNY 41.61
RENHUAI CITY DEVELOPMEN 8.09 05/16/21 CNY 41.81
RENHUAI CITY DEVELOPMEN 8.09 05/16/21 CNY 41.81
REWARD SCIENCE AND TECH 5.53 07/05/21 CNY 29.10
REWARD SCIENCE AND TECH 6.40 03/03/22 CNY 70.00
RIGHT WAY REAL ESTATE D 7.30 07/15/21 CNY 40.20
RIZHAO CITY CONSTRUCTIO 5.80 06/06/20 CNY 20.18
RUCHENG COUNTY HYDROPOW 6.65 04/25/20 CNY 40.48
RUDONG COUNTY DONGTAI S 7.45 09/24/19 CNY 19.50
RUDONG COUNTY DONGTAI S 7.45 09/24/19 CNY 20.15
RUDONG COUNTY DONGTAI S 6.99 06/20/21 CNY 41.25
RUDONG COUNTY DONGTAI S 6.99 06/20/21 CNY 45.90
RUDONG COUNTY JINXIN TR 8.08 03/03/21 CNY 41.10
RUDONG COUNTY JINXIN TR 8.08 03/03/21 CNY 44.03
RUGAO CITY ECONOMIC TRA 8.30 01/22/21 CNY 41.82
RUGAO CITY ECONOMIC TRA 8.30 01/22/21 CNY 49.00
RUGAO COMMUNICATIONS CO 6.70 02/01/20 CNY 20.31
RUGAO COMMUNICATIONS CO 6.70 02/01/20 CNY 20.81
RUGAO YANJIANG DEVELOPM 8.60 01/24/21 CNY 41.71
RUGAO YANJIANG DEVELOPM 8.60 01/24/21 CNY 42.43
RUIAN STATE OWNED ASSET 6.93 11/26/19 CNY 20.26
RUIAN STATE OWNED ASSET 6.93 11/26/19 CNY 20.40
RUICHANG CITY INVESTMEN 5.68 03/25/23 CNY 68.68
RUNHUA GROUP CO LTD 7.80 08/27/21 CNY 74.96
RUZHOU CITY XINYUAN INV 6.30 09/16/21 CNY 74.57
SANMEN COUNTY STATE-OWN 6.80 03/18/22 CNY 59.91
SANMEN COUNTY STATE-OWN 6.80 03/18/22 CNY 60.00
SANMEN COUNTY STATE-OWN 6.85 10/29/21 CNY 60.00
SANMEN COUNTY STATE-OWN 6.85 10/29/21 CNY 60.93
SHAANXI ANKANG HIGH TEC 8.78 09/17/21 CNY 61.91
SHAANXI ANKANG HIGH TEC 8.78 09/17/21 CNY 67.00
SHAANXI PROVINCIAL EXPR 5.99 06/18/20 CNY 61.37
SHAANXI XIXIAN NEW AREA 6.85 08/15/21 CNY 60.10
SHAANXI XIXIAN NEW AREA 6.85 08/15/21 CNY 65.50
SHAANXI XIXIAN NEW AREA 6.89 01/05/22 CNY 61.36
SHAANXI XIXIAN NEW AREA 6.89 01/05/22 CNY 63.10
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 62.41
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 62.82
SHANDONG CENTURY SUNSHI 8.19 07/21/21 CNY 62.01
SHANDONG CENTURY SUNSHI 8.19 07/21/21 CNY 62.15
SHANDONG FUYU CHEMICAL 7.70 09/18/22 CNY 70.00
SHANDONG GAOCHUANG CONS 6.05 06/18/22 CNY 60.72
SHANDONG GAOCHUANG CONS 6.05 06/18/22 CNY 62.45
SHANDONG HONGHE HOLDING 8.50 06/23/21 CNY 41.17
SHANDONG HONGHE HOLDING 8.50 06/23/21 CNY 44.00
SHANDONG JINMAO TEXTILE 6.97 04/01/21 CNY 20.70
SHANDONG JINMAO TEXTILE 8.00 09/25/20 CNY 35.84
SHANDONG PUBLIC HOLDING 7.18 01/22/20 CNY 20.18
SHANDONG RENCHENG RONGX 7.30 10/18/20 CNY 40.46
SHANDONG RENCHENG RONGX 7.30 10/18/20 CNY 43.40
SHANDONG SANXING GROUP 7.50 10/16/20 CNY 69.90
SHANDONG SNTON GROUP CO 5.18 09/08/21 CNY 8.52
SHANDONG SNTON GROUP CO 6.20 05/30/21 CNY 9.50
SHANDONG TAIFENG HOLDIN 5.80 03/12/20 CNY 20.17
SHANDONG TAIYANG INDUST 5.97 03/02/21 CNY 71.43
SHANDONG TENGJIAN INVES 6.00 06/08/22 CNY 60.00
SHANDONG TENGJIAN INVES 6.00 06/08/22 CNY 60.24
SHANDONG WANTONG PETROL 5.97 11/29/21 CNY 33.95
SHANDONG WEISHANHU MINI 6.15 03/13/20 CNY 39.10
SHANDONG WEISHANHU MINI 6.15 03/13/20 CNY 39.55
SHANGHAI BUND GROUP DEV 6.35 04/24/20 CNY 18.50
SHANGHAI BUND GROUP DEV 6.35 04/24/20 CNY 20.35
SHANGHAI CAOHEJING HI-T 7.24 04/09/21 CNY 40.96
SHANGHAI CAOHEJING HI-T 7.24 04/09/21 CNY 40.97
SHANGHAI CHENJIAZHEN CO 7.18 11/06/19 CNY 25.22
SHANGHAI CHONGMING CONS 6.40 06/13/20 CNY 25.50
SHANGHAI CHONGMING CONS 6.40 06/13/20 CNY 25.59
SHANGHAI FENGXIAN NANQI 6.25 03/05/20 CNY 20.32
SHANGHAI FENGXIAN NANQI 6.25 03/05/20 CNY 20.40
SHANGHAI JIADING ROAD C 6.80 04/23/21 CNY 41.30
SHANGHAI JIADING ROAD C 6.80 04/23/21 CNY 41.32
SHANGHAI JINSHAN URBAN 6.60 12/21/19 CNY 20.16
SHANGHAI LAKE DIANSHAN 5.95 01/30/21 CNY 51.13
SHANGHAI LAKE DIANSHAN 5.95 01/30/21 CNY 51.28
SHANGHAI MINHANG URBAN 6.48 10/23/19 CNY 20.20
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 60.79
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 61.90
SHANGHAI MUNICIPAL INVE 4.63 07/30/19 CNY 20.02
SHANGHAI NANFANG GROUP 6.70 09/09/19 CNY 25.09
SHANGHAI NANFANG GROUP 6.70 09/09/19 CNY 25.50
SHANGHAI NANHUI URBAN C 6.04 08/20/21 CNY 61.36
SHANGHAI PUTAILAI NEW E 5.30 05/18/20 CNY 66.67
SHANGHAI URBAN CONSTRUC 5.25 11/30/19 CNY 20.15
SHANGHAI YONGYE ENTERPR 6.84 05/21/20 CNY 25.56
SHANGLUO CITY CONSTRUCT 6.75 09/09/19 CNY 25.13
SHANGLUO CITY CONSTRUCT 7.05 09/09/20 CNY 40.75
SHANGLUO CITY CONSTRUCT 7.05 09/09/20 CNY 45.40
SHANGQIU DEVELOPMENT IN 6.60 01/15/20 CNY 20.19
SHANTOU CITY CONSTRUCTI 8.57 03/23/22 CNY 48.25
SHAOGUAN JINYE DEVELOPM 7.30 10/18/19 CNY 20.20
SHAOGUAN JINYE DEVELOPM 7.30 10/18/19 CNY 20.20
SHAOXING CHENGBEI XINCH 6.13 04/30/22 CNY 61.43
SHAOXING CHENGBEI XINCH 6.13 04/30/22 CNY 68.29
SHAOXING CHENGZHONGCUN 6.50 01/24/20 CNY 20.08
SHAOXING CHENGZHONGCUN 6.50 01/24/20 CNY 20.30
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 60.00
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 61.53
SHAOXING CITY INVESTMEN 6.40 11/09/19 CNY 20.10
SHAOXING CITY INVESTMEN 6.40 11/09/19 CNY 20.15
SHAOXING CITY INVESTMEN 5.75 04/17/22 CNY 62.03
SHAOXING CITY INVESTMEN 5.75 04/17/22 CNY 68.00
SHAOXING CITY KEQIAO DI 6.40 08/20/21 CNY 61.30
SHAOXING CITY KEQIAO DI 6.40 08/20/21 CNY 65.26
SHAOXING COUNTY KEYAN C 6.28 03/24/22 CNY 60.00
SHAOXING COUNTY KEYAN C 6.28 03/24/22 CNY 61.67
SHAOXING KEQIAO ECONOMI 7.00 12/10/21 CNY 60.00
SHAOXING KEQIAO ECONOMI 7.00 12/10/21 CNY 61.66
SHAOXING PAOJIANG INDUS 6.90 10/31/19 CNY 20.12
SHAOXING PAOJIANG INDUS 6.90 10/31/19 CNY 20.37
SHAOXING PAOJIANG INDUS 6.98 05/29/21 CNY 41.15
SHAOXING PAOJIANG INDUS 6.98 05/29/21 CNY 43.90
SHAOXING SHANGYU COMMUN 6.70 09/11/19 CNY 20.07
SHAOXING SHANGYU HANGZH 6.95 10/11/20 CNY 40.72
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 61.60
SHAOYANG CITY CONSTRUCT 8.58 01/17/21 CNY 41.21
SHAOYANG CITY CONSTRUCT 8.58 01/17/21 CNY 41.41
SHAOYANG DULIANG INVEST 5.50 04/13/23 CNY 74.19
SHAOYANG DULIANG INVEST 5.50 04/13/23 CNY 74.47
SHENGZHOU INVESTMENT HO 7.60 07/17/21 CNY 61.86
SHENGZHOU INVESTMENT HO 7.60 07/17/21 CNY 62.30
SHENMU CITY STATE-OWNED 7.28 06/23/21 CNY 41.00
SHENMU CITY STATE-OWNED 7.28 06/23/21 CNY 41.48
SHENYANG DADONG STATE-O 6.05 03/20/22 CNY 60.00
SHENYANG DADONG STATE-O 6.05 03/20/22 CNY 61.08
SHENYANG ECONOMIC AFFOR 7.17 04/29/22 CNY 59.77
SHENYANG ECONOMIC AFFOR 7.17 04/29/22 CNY 61.26
SHENYANG SUJIATUN DISTR 6.40 06/20/20 CNY 20.00
SHENYANG SUJIATUN DISTR 6.40 06/20/20 CNY 20.30
SHENYANG TIEXI STATE-OW 6.00 01/14/22 CNY 60.79
SHENYANG TIEXI STATE-OW 6.00 01/14/22 CNY 67.50
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 61.60
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 61.65
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 74.40
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 74.63
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 71.07
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 75.00
SHIJIAZHUANG REAL ESTAT 5.65 05/15/20 CNY 20.23
SHIJIAZHUANG REAL ESTAT 5.65 05/15/20 CNY 20.29
SHIJIAZHUANG STATE-OWNE 5.75 04/09/22 CNY 61.35
SHIJIAZHUANG STATE-OWNE 5.75 04/09/22 CNY 67.20
SHISHI CITY CONSTRUCTIO 6.10 05/04/22 CNY 60.00
SHISHI CITY CONSTRUCTIO 6.10 05/04/22 CNY 61.59
SHIYAN CITY INFRASTRUCT 6.88 10/11/20 CNY 40.68
SHIYAN CITY INFRASTRUCT 6.88 10/11/20 CNY 40.68
SHIYAN CITY INFRASTRUCT 6.58 08/20/21 CNY 60.00
SHIYAN CITY INFRASTRUCT 6.58 08/20/21 CNY 61.40
SHOUGUANG CITY CONSTRUC 7.10 10/18/20 CNY 40.55
SHOUGUANG CITY CONSTRUC 7.10 10/18/20 CNY 42.87
SHUANGLIU COUNTY WATER 7.40 02/26/20 CNY 25.39
SHUANGLIU COUNTY WATER 7.40 02/26/20 CNY 25.42
SHUANGLIU COUNTY WATER 6.92 07/30/20 CNY 50.59
SHUYANG JINGYUAN ASSET 6.50 12/03/19 CNY 20.10
SHUYANG JINGYUAN ASSET 6.50 12/03/19 CNY 22.00
SHUYANG JINGYUAN ASSET 7.39 04/14/21 CNY 40.00
SHUYANG JINGYUAN ASSET 7.39 04/14/21 CNY 41.25
SICHUAN CHENGDU ABA DEV 7.18 09/12/20 CNY 40.29
SICHUAN CHENGDU ABA DEV 7.18 09/12/20 CNY 40.31
SICHUAN COAL INDUSTRY G 7.70 01/09/18 CNY 45.00
SICHUAN NAXING INDUSTRI 7.17 09/11/21 CNY 60.71
SICHUAN TIANYIN INDUSTR 6.79 03/25/22 CNY 61.10
SICHUAN TIANYIN INDUSTR 6.79 03/25/22 CNY 68.00
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 60.00
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 61.66
SLENDER WEST LAKE TOURI 6.80 06/25/21 CNY 41.12
SLENDER WEST LAKE TOURI 6.80 06/25/21 CNY 60.00
SONGYUAN URBAN DEVELOPM 5.79 12/04/21 CNY 59.82
SONGYUAN URBAN DEVELOPM 5.79 12/04/21 CNY 61.10
SUINING CITY HEDONG DEV 8.36 04/17/21 CNY 41.20
SUINING CITY HEDONG DEV 8.36 04/17/21 CNY 47.82
SUINING COUNTY RUNQI IN 7.10 06/25/21 CNY 40.79
SUINING COUNTY RUNQI IN 7.10 06/25/21 CNY 60.65
SUINING DEVELOPMENT INV 6.62 04/25/20 CNY 20.20
SUINING DEVELOPMENT INV 6.62 04/25/20 CNY 20.23
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 55.01
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 64.18
SUINING KAIDA INVESTMEN 8.69 04/21/21 CNY 40.00
SUINING KAIDA INVESTMEN 8.69 04/21/21 CNY 40.34
SUIZHOU CITY URBAN CONS 7.18 09/02/21 CNY 61.20
SUIZHOU CITY URBAN CONS 7.18 09/02/21 CNY 61.29
SUIZHOU DEVELOPMENT INV 7.50 08/22/19 CNY 16.61
SUIZHOU DEVELOPMENT INV 7.50 08/22/19 CNY 20.11
SUIZHOU DEVELOPMENT INV 8.50 12/20/20 CNY 41.38
SUIZHOU DEVELOPMENT INV 8.50 12/20/20 CNY 41.83
SUIZHOU DEVELOPMENT INV 8.40 04/30/21 CNY 41.91
SUIZHOU DEVELOPMENT INV 8.40 04/30/21 CNY 42.02
SUNSHINE KAIDI NEW ENER 6.12 08/23/20 CNY 59.01
SUNSHINE KAIDI NEW ENER 6.12 08/23/20 CNY 70.39
SUQIAN CITY CONSTRUCTIO 6.88 10/29/20 CNY 40.71
SUQIAN WATER GROUP CO 6.55 12/04/19 CNY 20.22
SUZHOU CITY CONSTRUCTIO 6.40 04/17/20 CNY 20.28
SUZHOU CITY CONSTRUCTIO 6.40 04/17/20 CNY 24.80
SUZHOU FENHU INVESTMENT 7.49 02/28/21 CNY 41.00
SUZHOU NEW DISTRICT ECO 6.20 07/22/21 CNY 61.37
SUZHOU URBAN CONSTRUCTI 5.79 10/25/19 CNY 20.00
SUZHOU URBAN CONSTRUCTI 5.79 10/25/19 CNY 20.14
SUZHOU WUJIANG COMMUNIC 6.80 10/31/20 CNY 40.97
SUZHOU XIANGCHENG URBAN 6.95 09/03/19 CNY 20.09
SUZHOU XIANGCHENG URBAN 6.95 09/03/19 CNY 24.50
SUZHOU XIANGCHENG URBAN 6.95 03/19/21 CNY 41.30
SUZHOU XIANGCHENG URBAN 6.95 03/19/21 CNY 42.60
TAHOE GROUP CO LTD 7.50 09/08/20 CNY 73.80
TAIAN TAISHAN INVESTMEN 6.76 01/25/20 CNY 20.24
TAIAN TAISHAN INVESTMEN 6.76 01/25/20 CNY 20.41
TAICANG ASSETS MANAGEME 7.00 02/27/21 CNY 41.40
TAICANG HENGTONG INVEST 7.45 10/30/19 CNY 20.25
TAICANG URBAN CONSTRUCT 6.75 01/11/20 CNY 20.30
TAICANG URBAN CONSTRUCT 6.75 01/11/20 CNY 20.31
TAIXING CITY CHENGXING 8.30 12/12/20 CNY 40.94
TAIXING CITY CHENGXING 8.30 12/12/20 CNY 43.14
TAIYUAN ECONOMIC TECHNO 7.43 04/24/21 CNY 40.00
TAIYUAN ECONOMIC TECHNO 7.43 04/24/21 CNY 41.58
TAIYUAN HIGH-SPEED RAIL 6.50 10/30/20 CNY 40.95
TAIYUAN HIGH-SPEED RAIL 5.18 09/06/20 CNY 70.65
TAIYUAN STATE-OWNED INV 7.20 03/19/21 CNY 41.43
TAIYUAN STATE-OWNED INV 7.20 03/19/21 CNY 46.50
TAIZHOU CITY CONSTRUCTI 6.92 10/16/23 CNY 72.70
TAIZHOU CITY CONSTRUCTI 6.92 10/16/23 CNY 74.29
TAIZHOU CITY CONSTRUCTI 6.53 07/11/21 CNY 61.00
TAIZHOU CITY CONSTRUCTI 6.53 07/11/21 CNY 61.46
TAIZHOU CITY JIANGYAN D 8.50 04/23/20 CNY 25.10
TAIZHOU CITY JIANGYAN D 8.50 04/23/20 CNY 25.73
TAIZHOU CITY JIANGYAN U 7.10 09/03/20 CNY 40.40
TAIZHOU CITY JIANGYAN U 7.10 09/03/20 CNY 40.60
TAIZHOU CITY NEW BINJIA 7.60 03/05/21 CNY 40.85
TAIZHOU CITY NEW BINJIA 7.60 03/05/21 CNY 41.10
TAIZHOU JIANGYAN STATE 6.85 12/03/19 CNY 19.80
TAIZHOU JIANGYAN STATE 6.85 12/03/19 CNY 20.14
TAIZHOU JIAOJIANG STATE 7.46 09/13/20 CNY 41.13
TAIZHOU JIAOJIANG STATE 7.46 09/13/20 CNY 41.20
TAIZHOU TRAFFIC INDUSTR 6.15 03/11/20 CNY 20.24
TAIZHOU TRAFFIC INDUSTR 6.15 03/11/20 CNY 20.33
TANGSHAN CAOFEIDIAN DEV 7.50 10/15/20 CNY 40.18
TIANJIN BAOXING INDUSTR 7.10 10/17/20 CNY 40.49
TIANJIN BAOXING INDUSTR 7.10 10/17/20 CNY 42.62
TIANJIN BEICHEN DISTRIC 7.00 04/21/21 CNY 40.67
TIANJIN BEICHEN DISTRIC 7.00 04/21/21 CNY 47.15
TIANJIN BEICHEN TECHNOL 6.87 08/20/21 CNY 60.22
TIANJIN BEICHEN TECHNOL 6.87 08/20/21 CNY 67.00
TIANJIN BINHAI NEW AREA 5.19 03/13/20 CNY 20.13
TIANJIN BINHAI NEW AREA 5.19 03/13/20 CNY 20.25
TIANJIN BINHAI NEW AREA 6.10 11/23/21 CNY 61.90
TIANJIN DONGFANG CAIXIN 5.19 01/29/22 CNY 59.59
TIANJIN DONGFANG CAIXIN 5.19 01/29/22 CNY 60.67
TIANJIN DONGLI CITY INF 6.05 06/19/20 CNY 20.00
TIANJIN ECO-CITY INVEST 6.76 08/14/19 CNY 20.05
TIANJIN ECO-CITY INVEST 6.76 08/14/19 CNY 20.07
TIANJIN ECONOMIC TECHNO 6.20 12/03/19 CNY 20.17
TIANJIN ECONOMIC TECHNO 6.20 12/03/19 CNY 22.00
TIANJIN ECONOMIC TECHNO 6.50 12/03/22 CNY 60.00
TIANJIN ECONOMIC TECHNO 6.50 12/03/22 CNY 61.38
TIANJIN GUANGCHENG INVE 6.97 02/22/23 CNY 56.65
TIANJIN GUANGCHENG INVE 6.97 02/22/23 CNY 58.58
TIANJIN GUANGCHENG INVE 7.45 07/24/21 CNY 59.78
TIANJIN GUANGCHENG INVE 7.45 07/24/21 CNY 69.00
TIANJIN HARBOR CONSTRUC 8.00 04/01/21 CNY 71.96
TIANJIN HARBOR CONSTRUC 8.80 01/24/21 CNY 72.28
TIANJIN HI-TECH INDUSTR 6.65 09/12/21 CNY 60.63
TIANJIN HOPETONE CO LTD 7.50 07/25/21 CNY 69.76
TIANJIN HUANCHENG URBAN 7.20 03/21/21 CNY 40.35
TIANJIN HUANCHENG URBAN 7.20 03/21/21 CNY 41.33
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 60.24
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 61.70
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 60.85
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 61.48
TIANJIN JINNAN CITY CON 6.50 06/03/21 CNY 41.02
TIANJIN LINGANG INVESTM 7.75 02/26/21 CNY 41.00
TIANJIN LINGANG INVESTM 7.75 02/26/21 CNY 41.31
TIANJIN NINGHE DISTRICT 7.00 05/30/21 CNY 40.94
TIANJIN NINGHE DISTRICT 7.00 05/30/21 CNY 47.50
TIANJIN REAL ESTATE TRU 8.59 03/13/21 CNY 37.00
TIANJIN REAL ESTATE TRU 8.59 03/13/21 CNY 40.99
TIANJIN RESIDENTIAL CON 8.00 12/19/20 CNY 40.64
TIANJIN TEDA CONSTRUCTI 6.89 04/27/20 CNY 20.31
TIANJIN WATER INVESTMEN 8.40 01/15/21 CNY 50.51
TIANJIN WATER INVESTMEN 6.60 07/28/21 CNY 57.83
TIANJIN WATER INVESTMEN 6.60 07/28/21 CNY 61.80
TIANJIN WUQING STATE-OW 7.18 03/19/21 CNY 41.00
TIANJIN WUQING STATE-OW 7.18 03/19/21 CNY 41.21
TIANJIN WUQING STATE-OW 8.00 12/17/20 CNY 41.33
TIANJIN WUQING STATE-OW 8.00 12/17/20 CNY 41.80
TIANMEN CITY CONSTRUCTI 8.20 08/28/21 CNY 62.03
TIANMEN CITY CONSTRUCTI 8.20 08/28/21 CNY 65.16
TONGLING CONSTRUCTION I 6.98 08/26/20 CNY 40.54
TONGLING CONSTRUCTION I 6.98 08/26/20 CNY 42.50
TONGLING DAJIANG INVEST 6.50 01/19/22 CNY 61.36
TONGLING DAJIANG INVEST 6.50 01/19/22 CNY 68.00
TONGLU STATE-OWNED ASSE 8.09 04/18/21 CNY 40.98
TONGLU STATE-OWNED ASSE 8.09 04/18/21 CNY 41.48
TONGXIANG CITY CONSTRUC 6.10 05/16/20 CNY 20.30
TONGXIANG CITY CONSTRUC 6.10 05/16/20 CNY 20.37
TULUFAN DISTRICT STATE- 7.20 08/09/19 CNY 25.08
TULUFAN DISTRICT STATE- 7.20 08/09/19 CNY 26.70
TULUFAN DISTRICT STATE- 6.20 03/19/22 CNY 60.97
TULUFAN DISTRICT STATE- 6.20 03/19/22 CNY 62.50
URUMQI CITY CONSTRUCTIO 6.35 07/09/19 CNY 20.01
URUMQI CITY CONSTRUCTIO 6.35 07/09/19 CNY 20.08
URUMQI ECO&TECH DEVELOP 6.40 04/13/22 CNY 60.00
URUMQI ECO&TECH DEVELOP 6.40 04/13/22 CNY 62.10
URUMQI GAOXIN INVESTMEN 6.18 03/05/20 CNY 20.20
URUMQI GAOXIN INVESTMEN 6.18 03/05/20 CNY 20.21
WAFANGDIAN COASTAL PROJ 3.98 02/01/23 CNY 73.08
WANGCHENG ECONOMIC DEVE 6.57 01/22/22 CNY 61.43
WANGCHENG ECONOMIC DEVE 6.57 01/22/22 CNY 68.81
WEIFANG BINHAI INVESTME 6.16 04/16/21 CNY 40.55
WEIFANG DONGXIN CONSTRU 6.88 11/20/19 CNY 20.15
WEIFANG DONGXIN CONSTRU 6.88 11/20/19 CNY 24.30
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 60.00
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 61.52
WENLING CITY STATE OWNE 7.18 09/18/19 CNY 20.10
WENLING CITY STATE OWNE 7.18 09/18/19 CNY 21.20
WENZHOU ECONOMIC-TECHNO 6.49 01/15/20 CNY 20.20
WENZHOU ECONOMIC-TECHNO 6.49 01/15/20 CNY 20.51
WENZHOU HIGH-TECH INDUS 7.30 05/30/21 CNY 41.00
WENZHOU HIGH-TECH INDUS 7.30 05/30/21 CNY 41.35
WENZHOU HIGH-TECH INDUS 7.95 03/21/21 CNY 41.68
WENZHOU LUCHENG CITY DE 5.58 11/03/21 CNY 60.89
WENZHOU LUCHENG CITY DE 5.58 11/03/21 CNY 63.00
WINTIME ENERGY CO LTD 7.50 05/19/19 CNY 36.00
WINTIME ENERGY CO LTD 7.50 11/16/20 CNY 43.63
WINTIME ENERGY CO LTD 7.50 04/04/21 CNY 43.63
WINTIME ENERGY CO LTD 7.30 08/06/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 12/15/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 07/05/18 CNY 43.63
WINTIME ENERGY CO LTD 7.50 12/06/20 CNY 43.63
WINTIME ENERGY CO LTD 7.00 08/25/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 04/26/19 CNY 43.63
WINTIME ENERGY CO LTD 6.78 10/23/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 03/19/19 CNY 43.63
WINTIME ENERGY CO LTD 7.90 03/29/21 CNY 43.63
WINTIME ENERGY CO LTD 7.70 11/15/20 CNY 43.63
WINTIME ENERGY CO LTD 7.90 12/22/20 CNY 43.63
WINTIME ENERGY CO LTD 7.50 07/07/19 CNY 54.28
WUHAI CITY CONSTRUCTION 8.19 04/21/21 CNY 41.81
WUHAN CHEDU CORP LTD 7.18 02/27/21 CNY 41.37
WUHAN CHEDU CORP LTD 7.18 02/27/21 CNY 44.36
WUHAN CITY HUANPI DISTR 6.43 09/17/21 CNY 61.51
WUHAN CITY HUANPI DISTR 6.43 09/17/21 CNY 63.02
WUHAN JIANGXIA URBAN CO 8.99 01/20/21 CNY 42.03
WUHAN METRO GROUP CO LT 5.70 02/04/20 CNY 20.21
WUHAN METRO GROUP CO LT 5.70 02/04/20 CNY 20.21
WUHAN METRO GROUP CO LT 5.25 04/14/22 CNY 61.40
WUHAN URBAN CONSTRUCTIO 5.60 03/08/20 CNY 20.29
WUHU COUNTY CONSTRUCTIO 6.60 12/08/21 CNY 61.49
WUHU COUNTY CONSTRUCTIO 6.60 12/08/21 CNY 66.35
WUHU JINGHU CONSTRUCTIO 6.68 05/16/20 CNY 20.34
WUHU JIUJIANG CONSTRUCT 8.49 04/14/21 CNY 40.00
WUHU JIUJIANG CONSTRUCT 8.49 04/14/21 CNY 41.92
WUHU YIJU INVESTMENT GR 6.45 08/11/21 CNY 61.45
WUHU YIJU INVESTMENT GR 6.45 08/11/21 CNY 61.54
WUJIANG ECONOMIC TECHNO 6.88 12/27/19 CNY 20.21
WUJIANG ECONOMIC TECHNO 6.88 12/27/19 CNY 20.46
WUWEI CITY ECONOMY DEVE 8.20 12/09/20 CNY 40.76
WUWEI CITY ECONOMY DEVE 8.20 04/24/21 CNY 41.09
WUWEI CITY ECONOMY DEVE 8.20 12/09/20 CNY 42.53
WUXI CONSTRUCTION AND D 6.60 09/17/19 CNY 20.09
WUXI CONSTRUCTION AND D 6.60 09/17/19 CNY 20.10
WUXI HUNING METRO HUISH 4.38 06/08/21 CNY 69.94
WUXI HUNING METRO HUISH 4.38 06/08/21 CNY 73.00
WUXI MUNICIPAL DEVELOPM 6.10 10/11/20 CNY 40.73
WUXI MUNICIPAL DEVELOPM 6.10 10/11/20 CNY 40.77
WUXI TAIHU INTERNATIONA 7.60 09/17/19 CNY 20.12
WUXI TAIHU INTERNATIONA 7.60 09/17/19 CNY 21.40
WUXI XIDONG NEW TOWN CO 6.65 01/28/20 CNY 20.00
WUXI XIDONG NEW TOWN CO 6.65 01/28/20 CNY 20.17
WUYANG CONSTRUCTION GRO 7.80 09/11/20 CNY 32.48
WUZHONG URBAN RURAL CON 7.18 10/12/20 CNY 40.38
WUZHONG URBAN RURAL CON 7.18 10/12/20 CNY 40.39
WUZHOU DONGTAI STATE-OW 7.40 09/03/19 CNY 20.09
XIAMEN TORCH GROUP CO L 7.49 04/21/21 CNY 41.27
XIAMEN TORCH GROUP CO L 7.49 04/21/21 CNY 44.88
XIAMEN XINGLIN CONSTRUC 6.60 02/22/20 CNY 20.24
XIAMEN XINGLIN CONSTRUC 6.60 02/22/20 CNY 21.80
XI'AN AEROSPACE CITY IN 6.96 11/08/19 CNY 20.16
XIAN CHANBAHE DEVELOPME 6.89 08/03/19 CNY 20.06
XI'AN INTERNATIONAL HOR 6.20 10/21/21 CNY 59.83
XI'AN INTERNATIONAL HOR 6.20 10/21/21 CNY 61.46
XIAN QUJIANG DAMING PAL 6.39 03/21/20 CNY 50.75
XIANGTAN HI-TECH GROUP 6.90 01/15/20 CNY 20.00
XIANGTAN HI-TECH GROUP 6.90 01/15/20 CNY 20.01
XIANGTAN HI-TECH GROUP 8.16 02/25/21 CNY 40.77
XIANGTAN HI-TECH GROUP 8.16 02/25/21 CNY 48.99
XIANGTAN JIUHUA ECONOMI 7.15 10/15/20 CNY 39.88
XIANGTAN JIUHUA ECONOMI 6.59 01/21/22 CNY 57.85
XIANGTAN LIANGXING SOCI 7.89 04/23/21 CNY 41.43
XIANGTAN WANLOU XINCHEN 6.90 01/14/22 CNY 55.49
XIANGTAN WANLOU XINCHEN 6.90 01/14/22 CNY 58.56
XIANGTAN ZHENXIANG STAT 6.60 08/07/20 CNY 39.97
XIANGTAN ZHENXIANG STAT 6.60 08/07/20 CNY 40.00
XIANGYANG HIGH TECH STA 7.00 05/29/21 CNY 41.07
XIANGYANG HIGH TECH STA 7.00 05/29/21 CNY 43.38
XIANNING HIGH-TECH INVE 5.80 06/05/20 CNY 20.21
XIANNING HIGH-TECH INVE 6.29 02/10/22 CNY 61.19
XIANNING HIGH-TECH INVE 6.29 02/10/22 CNY 65.00
XIANTAO CITY CONSTRUCTI 8.15 02/24/21 CNY 41.80
XIANTAO CITY CONSTRUCTI 8.15 02/24/21 CNY 41.96
XIAOGAN GAOCHUANG INVES 7.43 06/23/21 CNY 41.64
XIAOGAN GAOCHUANG INVES 7.43 06/23/21 CNY 52.72
XIAOGAN GAOCHUANG INVES 6.87 09/22/21 CNY 61.71
XIAOGAN GAOCHUANG INVES 6.87 09/22/21 CNY 66.69
XIAOGAN URBAN CONSTRUCT 6.89 05/29/21 CNY 41.35
XINGHUA CITY ECONOMIC D 5.28 06/13/22 CNY 74.17
XINGHUA CITY ECONOMIC D 5.28 06/13/22 CNY 74.20
XINGHUA URBAN CONSTRUCT 7.36 07/15/20 CNY 50.00
XINGHUA URBAN CONSTRUCT 7.36 07/15/20 CNY 50.29
XINING ECONOMIC DEVELOP 5.90 06/04/20 CNY 20.05
XINJIANG HUIFENG URBAN 6.10 05/23/20 CNY 17.88
XINJIANG HUIFENG URBAN 6.10 05/23/20 CNY 20.15
XINJIANG KAIDI INVESTME 7.80 04/22/21 CNY 41.50
XINJIANG RUNSHENG INVES 7.15 07/10/20 CNY 50.27
XINJIANG RUNSHENG INVES 7.15 07/10/20 CNY 50.43
XINJIANG WUJIAQU CAIJIA 7.50 05/21/21 CNY 40.88
XINJIANG XINYE STATE-OW 6.20 08/15/19 CNY 50.55
XINTAI CITY COORDINATIN 6.35 03/23/22 CNY 60.75
XINTAI CITY COORDINATIN 6.35 03/23/22 CNY 61.31
XINXIANG INVESTMENT GRO 5.85 04/15/20 CNY 20.16
XINYANG HONGCHANG PIPE 6.49 06/20/20 CNY 72.87
XINYANG HUAXIN INVESTME 7.55 04/15/21 CNY 41.32
XINYANG HUAXIN INVESTME 7.55 04/15/21 CNY 46.30
XINYI CITY INVESTMENT & 7.39 10/15/20 CNY 40.50
XINYI CITY INVESTMENT & 7.39 10/15/20 CNY 40.87
XINYI URBAN TRANSPORTAT 6.14 02/06/22 CNY 61.70
XINYI URBAN TRANSPORTAT 6.14 02/06/22 CNY 61.83
XINYU CHENGDONG CONSTRU 8.48 05/27/21 CNY 40.88
XINYU CITY SHANTYTOWN Z 6.42 12/09/20 CNY 70.81
XINYU CITY YUSHUI DISTR 7.70 06/24/22 CNY 61.48
XINYU URBAN CONSTRUCTIO 7.08 12/13/19 CNY 20.20
XINZHENG NEW DISTRICT D 6.52 06/28/19 CNY 24.90
XINZHENG NEW DISTRICT D 6.52 06/28/19 CNY 25.01
XINZHENG NEW DISTRICT D 6.60 01/29/21 CNY 50.00
XINZHENG NEW DISTRICT D 6.40 01/29/21 CNY 50.00
XINZHENG NEW DISTRICT D 6.40 01/29/21 CNY 51.18
XINZHENG NEW DISTRICT D 6.60 01/29/21 CNY 51.36
XINZHOU ASSET MANAGEMEN 8.50 12/18/20 CNY 40.00
XINZHOU ASSET MANAGEMEN 7.90 02/21/21 CNY 41.42
XINZHOU ASSET MANAGEMEN 8.50 12/18/20 CNY 41.46
XINZHOU ASSET MANAGEMEN 7.90 02/21/21 CNY 43.41
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 61.37
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 66.00
XUANCHENG STATE-OWNED A 7.95 03/27/21 CNY 41.73
XUANCHENG STATE-OWNED A 7.95 03/27/21 CNY 46.00
XUZHOU CITY TONGSHAN DI 6.60 08/08/20 CNY 40.38
XUZHOU CITY TONGSHAN DI 6.60 08/08/20 CNY 40.66
XUZHOU ECONOMIC TECHNOL 7.35 04/21/21 CNY 40.46
XUZHOU ECONOMIC TECHNOL 7.35 04/21/21 CNY 41.50
XUZHOU HI-TECH INDUSTRI 7.86 04/22/21 CNY 41.57
XUZHOU HI-TECH INDUSTRI 7.86 04/22/21 CNY 51.50
XUZHOU TRANSPORTATION H 7.09 05/15/21 CNY 41.00
XUZHOU TRANSPORTATION H 7.09 05/15/21 CNY 41.62
YA'AN DEVELOPMENT INVES 7.00 09/13/20 CNY 37.00
YA'AN DEVELOPMENT INVES 7.00 09/13/20 CNY 41.34
YAAN STATE-OWNED ASSET 7.39 07/04/19 CNY 20.01
YANCHENG CITY DAFENG DI 7.08 12/13/19 CNY 20.00
YANCHENG CITY DAFENG DI 7.08 12/13/19 CNY 20.18
YANCHENG CITY DAFENG DI 8.70 01/24/21 CNY 41.30
YANCHENG CITY DAFENG DI 8.70 01/24/21 CNY 41.76
YANCHENG CITY DAFENG DI 8.50 12/30/20 CNY 41.89
YANCHENG CITY TINGHU DI 7.95 11/15/20 CNY 38.30
YANCHENG CITY TINGHU DI 7.95 11/15/20 CNY 40.79
YANCHENG ORIENTAL INVES 6.99 10/26/19 CNY 20.12
YANCHENG ORIENTAL INVES 6.48 09/15/21 CNY 59.70
YANCHENG ORIENTAL INVES 6.48 09/15/21 CNY 60.59
YANCHENG SOUTH DISTRICT 6.93 10/26/19 CNY 20.15
YANCHENG SOUTH DISTRICT 6.70 07/30/21 CNY 61.00
YANCHENG SOUTH DISTRICT 6.70 07/30/21 CNY 61.65
YANGJIANG HENGCAI CITY 6.85 09/09/20 CNY 40.70
YANGJIANG HENGCAI CITY 6.85 09/09/20 CNY 40.75
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 60.00
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 61.44
YANGZHOU CHEMICAL INDUS 8.58 01/24/21 CNY 41.10
YANGZHOU CHEMICAL INDUS 8.58 01/24/21 CNY 46.00
YANGZHOU ECONOMIC & TEC 7.40 03/05/21 CNY 70.00
YANGZHOU ECONOMIC & TEC 7.40 03/05/21 CNY 72.44
YANGZHOU HANJIANG URBAN 6.20 03/12/20 CNY 20.18
YANGZHOU HANJIANG URBAN 6.20 03/12/20 CNY 20.44
YANGZHOU HANJIANG URBAN 5.88 06/15/22 CNY 66.63
YANGZHOU JIANGDU YANJIA 7.48 07/29/20 CNY 50.55
YANGZHOU JIANGDU YANJIA 7.48 07/29/20 CNY 50.64
YANGZHOU URBAN CONSTRUC 6.30 07/26/19 CNY 20.02
YANGZHOU URBAN CONSTRUC 6.30 07/26/19 CNY 20.03
YICHANG URBAN CONSTRUCT 6.85 11/08/19 CNY 20.11
YICHANG URBAN CONSTRUCT 6.85 11/08/19 CNY 20.40
YICHUN URBAN CONSTRUCTI 7.09 05/15/21 CNY 41.42
YICHUN URBAN CONSTRUCTI 7.09 05/15/21 CNY 43.47
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 60.36
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 65.00
YIHUA ENTERPRISE GROUP 6.50 05/02/22 CNY 29.06
YIHUA ENTERPRISE GROUP 5.99 11/26/20 CNY 66.00
YIHUA ENTERPRISE GROUP 3.80 10/20/21 CNY 71.00
YIHUA LIFESTYLE TECHNOL 6.88 07/16/20 CNY 45.00
YILI KAZAKH AUTONOMOUS 7.68 02/28/21 CNY 41.55
YILI KAZAKH AUTONOMOUS 7.68 02/28/21 CNY 41.90
YINCHUAN URBAN CONSTRUC 6.88 05/12/21 CNY 41.32
YINGKOU COASTAL DEVELOP 6.45 01/26/22 CNY 58.71
YINGKOU COASTAL DEVELOP 6.45 01/26/22 CNY 60.29
YINGTAN INVESTMENT CO 7.50 12/12/22 CNY 62.92
YINGTAN INVESTMENT CO 7.50 12/12/22 CNY 62.93
YINGTAN LONGGANG ASSET 6.75 07/31/22 CNY 60.38
YINING CITY STATE OWNED 8.90 01/23/21 CNY 41.81
YINING CITY STATE OWNED 8.90 01/23/21 CNY 49.95
YINYI CO LTD 7.03 06/21/21 CNY 72.00
YIWU URBAN & RURAL NEW 4.25 11/24/21 CNY 74.13
YIXING CITY CONSTRUCTIO 6.16 03/30/22 CNY 60.00
YIXING CITY CONSTRUCTIO 6.16 03/30/22 CNY 61.89
YIXING CITY DEVELOPMENT 6.90 10/10/19 CNY 20.10
YIXING CITY DEVELOPMENT 6.90 10/10/19 CNY 20.18
YIXING TUOYE INDUSTRIAL 7.60 05/28/21 CNY 41.50
YIXING TUOYE INDUSTRIAL 7.60 05/28/21 CNY 43.50
YIYANG CITY CONSTRUCTIO 7.36 08/24/19 CNY 20.07
YIYANG GAOXIN TECHNOLOG 7.00 03/30/22 CNY 60.63
YIYANG GAOXIN TECHNOLOG 7.00 03/30/22 CNY 68.00
YONG ZHOU CITY CONSTRUC 7.30 10/23/20 CNY 40.82
YONG ZHOU CITY CONSTRUC 7.30 10/23/20 CNY 42.80
YONGJIA INVESTMENT GROU 6.50 11/12/21 CNY 60.00
YONGJIA INVESTMENT GROU 6.50 11/12/21 CNY 60.77
YONGXING YINDU CONSTRUC 5.60 03/24/23 CNY 73.27
YUEYANG CITY DONGTING N 6.15 03/20/22 CNY 60.25
YUEYANG CITY DONGTING N 6.15 03/20/22 CNY 60.29
YUEYANG HUILIN INVESTME 5.50 11/03/21 CNY 60.06
YUEYANG HUILIN INVESTME 5.50 11/03/21 CNY 62.00
YUEYANG URBAN CONSTRUCT 6.05 07/12/20 CNY 40.26
YUHUAN CITY COMMUNICATI 7.15 10/12/19 CNY 20.17
YUHUAN CITY COMMUNICATI 7.15 10/12/19 CNY 20.40
YUHUAN CITY COMMUNICATI 5.65 11/03/21 CNY 60.86
YUHUAN CITY COMMUNICATI 6.18 03/20/22 CNY 61.55
YUHUAN CITY COMMUNICATI 6.18 03/20/22 CNY 64.47
YUHUAN CITY COMMUNICATI 5.65 11/03/21 CNY 64.50
YULIN URBAN CONSTRUCTIO 6.88 11/26/19 CNY 20.15
YUNCHENG URBAN CONSTRUC 7.48 10/15/19 CNY 20.16
YUNNAN METROPOLITAN CON 6.77 05/23/21 CNY 41.13
YUYAO CITY CONSTRUCTION 7.09 05/19/21 CNY 41.69
YUYAO CITY CONSTRUCTION 7.09 05/19/21 CNY 48.16
YUYAO ECONOMIC DEVELOPM 6.75 03/04/20 CNY 20.20
YUYAO ECONOMIC DEVELOPM 6.75 03/04/20 CNY 20.40
ZHANGJIAGANG FREE TRADE 7.10 08/23/20 CNY 40.76
ZHANGJIAGANG FREE TRADE 7.10 08/23/20 CNY 46.04
ZHANGJIAGANG JINCHENG I 6.88 04/28/21 CNY 40.90
ZHANGJIAGANG JINCHENG I 6.88 04/28/21 CNY 41.45
ZHANGJIAGANG MUNICIPAL 6.43 11/27/19 CNY 20.17
ZHANGJIAGANG MUNICIPAL 6.43 11/27/19 CNY 20.30
ZHANGJIAJIE ECONOMIC DE 7.40 10/18/19 CNY 20.10
ZHANGJIAJIE ECONOMIC DE 7.80 04/17/21 CNY 41.39
ZHANGYE CITY INVESTMENT 6.92 09/22/21 CNY 58.00
ZHANGYE CITY INVESTMENT 6.92 09/22/21 CNY 60.83
ZHANGZHOU CITY CONSTRUC 6.60 03/26/20 CNY 20.28
ZHANGZHOU ECONOMIC DEVE 6.17 04/27/22 CNY 60.00
ZHANGZHOU ECONOMIC DEVE 6.17 04/27/22 CNY 61.69
ZHANGZHOU JIULONGJIANG 6.48 06/20/21 CNY 61.60
ZHANJIANG INFRASTRUCTUR 6.93 10/21/20 CNY 40.65
ZHANJIANG INFRASTRUCTUR 6.93 10/21/20 CNY 40.85
ZHAOQING GAOYAO DISTRIC 6.68 04/14/22 CNY 60.00
ZHAOQING GAOYAO DISTRIC 6.68 04/14/22 CNY 60.69
ZHAOYUAN STATE-OWNED AS 6.64 12/31/19 CNY 20.14
ZHEJIANG CHANGXING VIA 7.99 03/03/21 CNY 41.14
ZHEJIANG CHANGXING VIA 7.99 03/03/21 CNY 50.00
ZHEJIANG FUCHUN SHANJU 7.70 04/28/21 CNY 41.62
ZHEJIANG FUCHUN SHANJU 7.70 04/28/21 CNY 49.00
ZHEJIANG GUOXING INVEST 6.94 08/01/21 CNY 61.24
ZHEJIANG GUOXING INVEST 6.94 08/01/21 CNY 68.50
ZHEJIANG HUZHOU HUANTAI 6.70 11/28/19 CNY 20.08
ZHEJIANG HUZHOU HUANTAI 6.70 11/28/19 CNY 20.20
ZHEJIANG OUHAI CONSTRUC 6.45 04/23/22 CNY 60.00
ZHEJIANG OUHAI CONSTRUC 6.45 04/23/22 CNY 60.98
ZHEJIANG PROVINCE DEQIN 6.40 02/22/20 CNY 20.12
ZHEJIANG PROVINCE DEQIN 6.40 02/22/20 CNY 20.23
ZHEJIANG PROVINCE XINCH 6.60 04/24/20 CNY 20.29
ZHEJIANG PROVINCE XINCH 6.60 04/24/20 CNY 22.90
ZHEJIANG PROVINCE XINCH 5.88 10/30/21 CNY 60.15
ZHEJIANG PROVINCE XINCH 6.95 12/31/21 CNY 61.00
ZHEJIANG PROVINCE XINCH 6.95 12/31/21 CNY 61.34
ZHEJIANG PROVINCE XINCH 5.88 10/30/21 CNY 64.99
ZHENGZHOU MOUZHONG DEVE 7.48 12/11/21 CNY 61.48
ZHENGZHOU MOUZHONG DEVE 7.48 12/11/21 CNY 66.20
ZHENGZHOU PUBLIC HOUSIN 5.98 07/17/20 CNY 40.34
ZHENGZHOU PUBLIC HOUSIN 5.98 07/17/20 CNY 40.38
ZHENJIANG CITY CONSTRUC 7.90 12/18/20 CNY 40.96
ZHENJIANG CITY CONSTRUC 8.20 01/13/21 CNY 41.42
ZHENJIANG CITY CONSTRUC 8.20 01/13/21 CNY 48.49
ZHENJIANG CITY CONSTRUC 7.90 12/18/20 CNY 52.27
ZHENJIANG CULTURE TOURI 6.60 01/30/20 CNY 20.08
ZHENJIANG DANTU DISTRIC 5.89 11/03/21 CNY 59.60
ZHENJIANG DANTU DISTRIC 5.89 11/03/21 CNY 59.66
ZHENJIANG NEW AREA URBA 8.35 02/26/21 CNY 41.10
ZHENJIANG NEW AREA URBA 8.99 01/16/21 CNY 41.25
ZHONGMINTOU LEASING HOL 7.55 09/21/21 CNY 49.49
ZHONGRONG XINDA GROUP C 7.10 01/22/21 CNY 33.70
ZHONGSHAN TRANSPORTATIO 5.25 11/26/21 CNY 60.00
ZHONGSHAN TRANSPORTATIO 5.25 11/26/21 CNY 61.00
ZHONGTIAN FINANCIAL GRO 7.00 10/15/20 CNY 74.53
ZHOUKOU INVESTMENT GROU 7.49 04/21/21 CNY 41.07
ZHOUSHAN DINGHAI STATE- 7.25 08/31/20 CNY 40.85
ZHOUSHAN DINGHAI STATE- 7.25 08/31/20 CNY 41.65
ZHOUSHAN DINGHAI STATE- 7.13 08/04/21 CNY 61.57
ZHOUSHAN DINGHAI STATE- 7.13 08/04/21 CNY 65.00
ZHOUSHAN ISLANDS NEW DI 6.98 10/22/22 CNY 71.36
ZHOUSHAN ISLANDS NEW DI 6.98 10/22/22 CNY 73.44
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 60.01
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 72.41
ZHUHAI HUIHUA INFRASTRU 7.15 09/17/20 CNY 40.75
ZHUJI CITY YUEDU INVEST 8.20 12/12/20 CNY 41.17
ZHUJI CITY YUEDU INVEST 8.20 12/12/20 CNY 44.50
ZHUJI CITY YUEDU INVEST 6.38 04/07/22 CNY 60.00
ZHUJI CITY YUEDU INVEST 6.38 04/07/22 CNY 61.51
ZHUJI URBAN & RURAL INV 6.92 12/19/19 CNY 20.30
ZHUJI URBAN & RURAL INV 6.92 12/19/19 CNY 20.33
ZHUZHOU CITY CONSTRUCTI 6.95 10/16/20 CNY 40.78
ZHUZHOU CITY CONSTRUCTI 8.36 11/10/21 CNY 62.50
ZHUZHOU GECKOR GROUP CO 7.50 09/10/19 CNY 20.04
ZHUZHOU GECKOR GROUP CO 7.50 09/10/19 CNY 20.10
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 60.00
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 60.86
ZHUZHOU GECKOR GROUP CO 6.95 08/11/21 CNY 61.18
ZHUZHOU GECKOR GROUP CO 6.95 08/11/21 CNY 61.19
ZHUZHOU REAL ESTATE GRO 6.25 03/25/22 CNY 61.43
ZHUZHOU REAL ESTATE GRO 6.25 03/25/22 CNY 68.53
ZHUZHOU RECYCLING ECONO 4.38 03/24/23 CNY 74.64
ZHUZHOU YUNLONG DEVELOP 6.78 11/19/19 CNY 20.11
ZHUZHOU YUNLONG DEVELOP 6.78 11/19/19 CNY 20.50
ZIYANG WATER INVESTMENT 7.40 10/21/20 CNY 40.89
ZJ HZ QINGSHAN LAKE SCI 7.90 04/23/21 CNY 41.41
ZJ HZ QINGSHAN LAKE SCI 7.90 04/23/21 CNY 44.00
ZUNYI ROAD & BRIDGE CON 6.10 04/27/23 CNY 70.22
ZUNYI ROAD & BRIDGE CON 6.10 04/27/23 CNY 72.96
HONG KONG
---------
DR PENG HOLDING HONGKON 5.05 06/01/20 USD 74.09
INDONESIA
---------
BERAU COAL ENERGY TBK P 7.25 03/13/17 USD 46.00
BERAU COAL ENERGY TBK P 7.25 03/13/17 USD 46.00
DAVOMAS INTERNATIONAL F 11.00 05/09/11 USD 0.06
DAVOMAS INTERNATIONAL F 11.00 05/09/11 USD 0.06
DAVOMAS INTERNATIONAL F 11.00 12/08/14 USD 0.10
DAVOMAS INTERNATIONAL F 11.00 12/08/14 USD 0.10
INDIA
-----
3I INFOTECH LTD 2.50 03/31/25 USD 10.75
ACME FAZILKA POWER PVT 0.01 09/07/46 INR 10.38
AMPSOLAR SOLUTION PVT L 0.01 11/03/37 INR 20.50
AMPSOLAR SOLUTION PVT L 0.01 10/27/37 INR 20.53
APG HABITAT PVT LTD 1.00 09/09/28 INR 50.55
APG INTELLI HOMES PVT L 1.25 02/04/35 INR 34.14
APG INTELLI HOMES PVT L 1.25 02/04/35 INR 36.95
AUTOMOTIVE EXCHANGE PVT 4.00 06/01/30 INR 57.12
AUTOMOTIVE EXCHANGE PVT 4.00 10/11/30 INR 57.17
BENGAL AEROTROPOLIS PRO 5.00 12/01/29 INR 67.46
BENGAL AEROTROPOLIS PRO 5.00 12/01/28 INR 69.23
BENGAL AEROTROPOLIS PRO 5.00 12/01/27 INR 71.30
BENGAL AEROTROPOLIS PRO 5.00 12/01/26 INR 73.60
BLUE DART EXPRESS LTD 9.50 11/20/19 INR 10.04
BOTHE WINDFARM DEVELOPM 10.00 11/28/32 INR 69.52
BRIGHT BUILDTECH PVT LT 1.00 09/01/23 INR 70.01
BRIGHT BUILDTECH PVT LT 1.00 09/01/23 INR 70.01
CORE EDUCATION & TECHNO 7.00 05/07/49 USD 0.24
CUMULUS TRADING CO PVT 0.01 05/21/32 INR 31.29
CUMULUS TRADING CO PVT 0.01 12/29/29 INR 38.36
CUMULUS TRADING CO PVT 0.01 01/23/30 INR 52.27
DAYAKARA SOLAR POWER PV 0.10 04/05/26 INR 54.20
DEWAN HOUSING FINANCE C 8.50 04/18/23 INR 35.00
EDELWEISS ASSET RECONST 2.00 01/15/29 INR 53.68
EDELWEISS ASSET RECONST 2.00 10/07/28 INR 54.43
EDELWEISS ASSET RECONST 2.00 11/20/27 INR 57.04
EDELWEISS ASSET RECONST 2.00 03/28/27 INR 58.76
GREEN URJA PVT LTD 0.01 02/14/30 INR 39.07
GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 4.59
HIMGIRI ENERGY VENTURES 1.00 09/30/22 INR 73.90
HINDUSTAN CONSTRUCTION 0.01 01/05/27 INR 48.63
HITODI INFRASTRUCTURE L 0.01 06/30/27 INR 44.98
JAIPRAKASH ASSOCIATES L 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENTUR 7.00 05/15/17 USD 5.00
JASPER AUTO SERVICES PV 0.01 02/11/23 INR 72.27
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 22.17
JTPM ATSALI LTD 0.01 08/29/48 INR 6.82
KANAKADURGA FINANCE LTD 0.01 04/15/36 INR 20.85
KVK ENERGY & INFRASTRUC 0.01 01/25/24 INR 65.26
LIC HOUSING FINANCE LTD 7.81 04/27/20 INR 6.08
MARIS POWER SUPPLY CO P 2.00 04/18/28 INR 58.15
MYAASHIANA MANAGEMENT S 0.25 02/02/23 INR 72.53
MYTRAH AADHYA POWER PVT 0.01 07/05/35 INR 24.87
MYTRAH ADVAITH POWER PV 0.01 07/13/36 INR 22.97
MYTRAH AKSHAYA ENERGY P 0.01 07/13/36 INR 22.97
ORIGAMI CELLULO PVT LTD 0.01 11/14/36 INR 21.99
PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63
PUNJAB INFRASTRUCTURE D 0.40 10/15/33 INR 37.80
PUNJAB INFRASTRUCTURE D 0.40 10/15/32 INR 40.29
PUNJAB INFRASTRUCTURE D 0.40 10/15/31 INR 43.02
PUNJAB INFRASTRUCTURE D 0.40 10/15/30 INR 45.96
PUNJAB INFRASTRUCTURE D 0.40 10/15/29 INR 49.16
PUNJAB INFRASTRUCTURE D 0.40 10/15/28 INR 52.63
PUNJAB INFRASTRUCTURE D 0.40 10/15/27 INR 56.41
PUNJAB INFRASTRUCTURE D 0.40 10/15/26 INR 60.51
PUNJAB INFRASTRUCTURE D 0.40 10/15/25 INR 64.95
PUNJAB INFRASTRUCTURE D 0.40 10/15/24 INR 69.74
PYRAMID SAIMIRA THEATRE 1.75 07/04/12 USD 1.00
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 22.65
REDKITE CAPITAL PVT LTD 2.50 03/30/29 INR 57.80
REDKITE CAPITAL PVT LTD 2.50 01/15/28 INR 61.24
REI AGRO LTD 5.50 11/13/14 USD 0.01
REI AGRO LTD 5.50 11/13/14 USD 0.01
RELIANCE COMMUNICATIONS 6.50 11/06/20 USD 24.80
SURBHI INVESTMENTS & TR 2.50 10/21/28 INR 59.22
SVOGL OIL GAS & ENERGY 5.00 08/17/15 USD 0.82
TN URJA PVT LTD 0.10 02/22/36 INR 25.36
VIDEOCON INDUSTRIES LTD 2.80 12/31/20 USD 33.38
WATSUN INFRABUILD PVT L 4.00 10/16/37 INR 51.87
WS T&D LTD 0.10 03/24/29 INR 42.57
JAPAN
-----
TKJP CORP 1.02 12/15/17 JPY 0.50
TKJP CORP 0.58 03/26/21 JPY 2.02
TKJP CORP 0.85 03/06/19 JPY 2.02
AVANSTRATE INC 0.05 10/29/32 JPY 9.75
KOREA
-----
DB METAL CO LTD 2.00 04/03/20 KRW 10.11
HEUNGKUK FIRE & MARINE 5.70 12/29/46 KRW 50.16
KIBO ABS SPECIALTY CO L 5.00 02/26/21 KRW 66.03
KIBO ABS SPECIALTY CO L 5.00 08/28/21 KRW 69.54
KIBO ABS SPECIALTY CO L 5.00 02/28/20 KRW 69.83
KIBO ABS SPECIALTY CO L 5.00 12/25/19 KRW 73.84
KIBO ABS SPECIALTY CO L 5.00 08/29/19 KRW 74.84
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SINBO SECURITIZATION SP 5.00 12/21/20 KRW 65.51
SINBO SECURITIZATION SP 5.00 03/21/21 KRW 65.74
SINBO SECURITIZATION SP 5.00 08/31/21 KRW 67.02
SINBO SECURITIZATION SP 5.00 07/26/21 KRW 67.03
SINBO SECURITIZATION SP 5.00 02/23/22 KRW 68.16
SINBO SECURITIZATION SP 5.00 01/26/22 KRW 68.44
SINBO SECURITIZATION SP 5.00 08/31/22 KRW 68.91
SINBO SECURITIZATION SP 5.00 07/26/22 KRW 69.08
SINBO SECURITIZATION SP 5.00 06/29/21 KRW 69.77
SINBO SECURITIZATION SP 5.00 06/29/22 KRW 70.13
SINBO SECURITIZATION SP 5.00 09/27/21 KRW 72.20
SINBO SECURITIZATION SP 5.00 08/25/21 KRW 72.46
SINBO SECURITIZATION SP 5.00 06/23/20 KRW 72.51
SINBO SECURITIZATION SP 5.00 07/27/21 KRW 72.67
SINBO SECURITIZATION SP 5.00 03/15/20 KRW 73.24
SINBO SECURITIZATION SP 5.00 02/28/21 KRW 73.85
SINBO SECURITIZATION SP 5.00 01/27/21 KRW 74.10
SINBO SECURITIZATION SP 5.00 12/22/20 KRW 74.38
SINBO SECURITIZATION SP 5.00 06/24/19 KRW 74.81
SINBO SECURITIZATION SP 5.00 09/23/20 KRW 75.08
MALAYSIA
--------
AEON CREDIT SERVICE M B 3.50 09/15/20 MYR 1.50
ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.68
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.32
ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.23
HIAP TECK VENTURE BHD 5.00 06/23/21 MYR 0.27
HUME INDUSTRIES BHD 5.00 05/29/24 MYR 1.62
I-BHD 3.00 10/09/19 MYR 0.28
MALAYAN FLOUR MILLS BHD 5.00 01/24/24 MYR 1.39
PERODUA GLOBAL MANUFACT 0.50 12/17/25 MYR 74.69
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 3.07
REDTONE INTERNATIONAL B 2.75 03/04/20 MYR 0.12
SENAI-DESARU EXPRESSWAY 1.35 06/30/31 MYR 65.23
SENAI-DESARU EXPRESSWAY 1.35 12/31/30 MYR 66.26
SENAI-DESARU EXPRESSWAY 1.35 06/28/30 MYR 67.31
SENAI-DESARU EXPRESSWAY 1.35 12/31/29 MYR 68.30
SENAI-DESARU EXPRESSWAY 1.35 12/29/28 MYR 70.57
SENAI-DESARU EXPRESSWAY 1.35 06/30/28 MYR 71.83
SENAI-DESARU EXPRESSWAY 1.35 12/31/27 MYR 73.06
SOUTHERN STEEL BHD 5.00 01/24/20 MYR 0.80
THONG GUAN INDUSTRIES B 5.00 10/10/19 MYR 2.45
VIZIONE HOLDINGS BHD 3.00 08/08/21 MYR 0.07
YTL LAND & DEVELOPMENT 6.00 10/31/21 MYR 0.31
NEW ZEALAND
-----------
PRECINCT PROPERTIES NEW 4.80 09/27/21 NZD 1.17
PHILIPPINES
-----------
BAYAN TELECOMMUNICATION 15.00 07/15/06 USD 22.75
SINGAPORE
---------
ASL MARINE HOLDINGS LTD 3.00 03/28/25 SGD 51.38
ASL MARINE HOLDINGS LTD 3.00 10/01/26 SGD 51.38
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.09
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.09
BERAU CAPITAL RESOURCES 12.50 07/08/15 USD 46.01
BERAU CAPITAL RESOURCES 12.50 07/08/15 USD 46.01
BLD INVESTMENTS PTE LTD 8.63 03/23/15 USD 4.88
BLUE OCEAN RESOURCES PT 4.00 12/31/21 USD 34.65
BLUE OCEAN RESOURCES PT 4.00 12/31/21 USD 34.65
BLUE OCEAN RESOURCES PT 4.00 12/31/21 USD 34.65
ENERCOAL RESOURCES PTE 9.25 08/05/14 USD 44.50
EZION HOLDINGS LTD 0.25 11/20/27 SGD 67.86
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
HYFLUX LTD 4.20 08/29/19 SGD 39.88
HYFLUX LTD 4.25 09/07/18 SGD 39.88
HYFLUX LTD 4.60 09/23/19 SGD 39.88
INDO INFRASTRUCTURE GRO 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE LT 6.00 12/11/24 USD 57.00
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 36.15
MICLYN EXPRESS OFFSHORE 8.75 11/25/18 USD 30.00
NEPTUNE ORIENT LINES LT 4.40 06/22/21 SGD 73.91
ORO NEGRO DRILLING PTE 7.50 01/24/19 USD 46.00
OSA GOLIATH PTE LTD 12.00 10/09/19 USD 62.63
PACIFIC RADIANCE LTD 4.30 09/30/19 SGD 10.00
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SWIBER CAPITAL PTE LTD 6.50 08/02/18 SGD 4.20
SWIBER CAPITAL PTE LTD 6.25 10/30/17 SGD 4.20
SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 7.75
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 7.75
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
THAILAND
--------
G STEEL PCL 3.00 10/04/15 USD 0.55
MDX PCL 4.75 09/17/03 USD 30.00
VIETNAM
-------
DEBT AND ASSET TRADING 1.00 10/10/25 USD 74.01
DEBT AND ASSET TRADING 1.00 10/10/25 USD 74.56
*********
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 2019. All rights reserved. ISSN: 1520-9482.
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