/raid1/www/Hosts/bankrupt/TCRAP_Public/210706.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, July 6, 2021, Vol. 24, No. 128
Headlines
A U S T R A L I A
6 HEATH: First Creditors' Meeting Set for July 13
CARNELL FAMILY: First Creditors' Meeting Set for July 14
DIGITAL EAGLES: First Creditors' Meeting Set for July 14
FUTURE PROPERTY: First Creditors' Meeting Set for July 13
KPF MACHINERY: First Creditors' Meeting Set for July 14
POWERARK SOLAR: First Creditors' Meeting Set for July 14
C H I N A
HNA GROUP: Faces Suit Over Unpaid Dues on $23MM Luxury Apartment
I N D I A
ABHIBUS SERVICES: Ind-Ra Moves B- Issuer Rating to Non-Cooperating
AGRASEN SHIP: Ind-Ra Assigns BB+ Issuer Rating, Outlook Stable
ARKA CARBON: Ind-Ra Keeps 'D' LT Issuer Rating in Non-Cooperating
BHARATHI VIDHYALAYA: Ind-Ra Keeps 'D' Rating in Non-Cooperating
BRICKINFRA STRUCTURES: ICRA Assigns B+ Issuer Rating
DILIGENT MEDIA: ICRA Keeps D Debt Rating in Not Cooperating
FUTURE CORPORATE: ICRA Moves D Debt Ratings to Not Cooperating
GANPATLAL ONKARLAL: Ind-Ra Keeps 'BB' Rating in Non-Cooperating
GOVINDAM PRIME: ICRA Keeps B+ Debt Rating in Not Cooperating
HOTEL JAYAPUSHPAM: Ind-Ra Cuts Rating to 'BB-', Outlook Stable
IENERGY WIND: Ind-Ra Keeps 'D' Bank Loan Rating in Non-Cooperating
IL&FS GROUP: Unit Restrained from Acquiring New Clients, Fined
JASSMINE ENTERPRISES: ICRA Keeps D Debt Ratings in Not Cooperating
JAWAHAR SAHAKARI: Ind-Ra Lowers Bank Loan Rating to 'D'
JUNAID ENTERPRISES: Ind-Ra Gives B+ Issuer Rating, Outlook Stable
JYOTE MOTORS: ICRA Keeps B+ Debt Ratings in Not Cooperating
KALINGA BHARATI: Ind-Ra Lowers Bank Loan Rating to 'D'
MAA GAURI: ICRA Keeps B+ Debt Ratings in Not Cooperating Category
MANGALMURTI BIO-CHEM: ICRA Keeps B Ratings in Not Cooperating
MANJUNATHA SILKS: ICRA Keeps B+ Debt Rating in Not Cooperating
MEGHDOOT GINNING: ICRA Keeps B Debt Ratings in Not Cooperating
METALLOYS RECYCLING: Ind-Ra Keeps 'D' Rating in Non-Cooperating
NATIONAL ELECTRONICS: ICRA Keeps B+ Rating in Not Cooperating
ONE CAPITALL: ICRA Keeps D Debt Rating in Not Cooperating
ORIX PACKAGING: ICRA Keeps B+ Debt Ratings in Not Cooperating
PASHUPATI TRADERS: ICRA Keeps B+ Debt Ratings in Not Cooperating
PATNA BAKHTIYARPUR: Ind-Ra Keeps 'D' Loan Rating in Non-Cooperating
R.S. AJIT: ICRA Keeps D Debt Rating in Not Cooperating Category
RBR GARMENTS: Ind-Ra Affirms 'BB' LT Issuer Rating, Outlook Stable
RENEW RG II: Fitch Affirms BB Rating on $525M Notes, Outlook Stable
RICH FOOD: ICRA Moves B+ Debt Rating to Not Cooperating Category
RURAL FAIRPRICE: ICRA Moves D Debt Ratings to Not Cooperating
SANJAY RICE: ICRA Keeps D Debt Ratings in Not Cooperating
SANTHA SPINNING: ICRA Moves B+ Debt Rating to Not Cooperating
SATHYAM GREEN: Ind-Ra Keeps BB- Loan Rating in Non-Cooperating
SATHYANARAYANA AGRO: ICRA Raises Rating on INR9cr LT Loan to BB-
SEVEN SKY: ICRA Lowers Rating on INR15cr Loans to B+
SHARMA CARS: ICRA Reaffirms B+ Rating on INR19.20cr Loan
SOLAPUR TOLLWAYS: Ind-Ra Affirms 'D' Term Loan Rating
SUSTAINABLE AGRO: Ind-Ra Keeps 'B' Loan Rating in Non-Cooperating
SWARGIYA BHIKAM: Ind-Ra Keeps 'BB' Loan Rating in Non-Cooperating
VARIDHI HYGIENE: Ind-Ra Withdraws 'D' Long-Term Issuer Rating
VASAVI FOOD: ICRA Keeps B- Debt Ratings in Not Cooperating
VENKATA NAGA: ICRA Keeps B+ Debt Ratings in Not Cooperating
YR GENERAL: ICRA Keeps B+ Debt Rating in Not Cooperating Category
J A P A N
SUMITOMO CHEMICAL: Egan-Jones Hikes Sr. Unsecured Ratings to BB+
TOSHIBA: TSE Chief Wants Prompt, Appropriate Disclosure re Scandal
N E W Z E A L A N D
ASB SHOWGROUNDS: Owes Creditors NZD4.6MM, Liquidator's Report Says
S I N G A P O R E
AG&P ALE: Creditors' Proofs of Debt Due August 2
ALTUM PRECISION: Creditors' Proofs of Debt Due August 2
DON MOTORING: Court to Hear Wind-Up Petition on July 16
SOVEREIGN JEDA: Court Enters Wind-Up Order
S O U T H K O R E A
DAEWOO ENGINEERING: Jungheung Construction Named Preferred Bidder
X X X X X X X X
[*] BOND PRICING: For the Week June 28, 2021 to July 2, 2021
- - - - -
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A U S T R A L I A
=================
6 HEATH: First Creditors' Meeting Set for July 13
-------------------------------------------------
A first meeting of the creditors in the proceedings of:
* 6 Heath Street Pty Ltd;
* 30 Pearl Street Pty Ltd;
* Adepto Co Pty Ltd;
* ACN 633 228 636 Pty Ltd formerly "Fiero Pty Ltd"; and
* Tempy Pty Ltd
will be held on July 13, 2021, at 10:00 a.m. via telephone or video
conferencing.
Shane Justin Cremin of Rodgers Reidy was appointed as administrator
of 6 Heath on July 1, 2021.
CARNELL FAMILY: First Creditors' Meeting Set for July 14
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Carnell
Family Farming Pty Ltd will be held on July 14, 2021, at 1:00 p.m.
via electronics facilities.
Kelly-Anne Trenfield and John Park of FTI Consulting were appointed
as administrators of Carnell Family on July 5, 2021.
DIGITAL EAGLES: First Creditors' Meeting Set for July 14
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Digital
Eagles Pty Ltd will be held on July 14, 2021, at 2:00 p.m. via
virtual meeting technology.
Laurence Fitzgerald at William Buck was appointed as administrator
of Digital Eagles on July 3, 2021.
FUTURE PROPERTY: First Creditors' Meeting Set for July 13
---------------------------------------------------------
A first meeting of the creditors in the proceedings of Future
Property Solutions Group Pty Ltd, trading as Lifetime Builders,
will be held on July 13, 2021, at 10:30 a.m. via teleconference
only.
Kathleen Vouris and Richard Albarran of Hall Chadwick were
appointed as administrators of Future Property on July 1, 2021.
KPF MACHINERY: First Creditors' Meeting Set for July 14
-------------------------------------------------------
A first meeting of the creditors in the proceedings of KPF
Machinery Pty Ltd will be held on July 14, 2021, at 2:00 p.m. via
virtual meeting technology.
Kelly-Anne Trenfield and John Park of FTI Consulting were appointed
as administrators of KPF Machinery on July 5, 2021.
POWERARK SOLAR: First Creditors' Meeting Set for July 14
--------------------------------------------------------
A first meeting of the creditors in the proceedings of Powerark
Solar Pty Ltd will be held on July 14, 2021, at 10:30 a.m. via
telephone conference.
Jason Glenn Stone and Glenn Jeffrey Franklin of PKF Melbourne were
appointed as administrators of Powerark Solar on July 2, 2021.
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C H I N A
=========
HNA GROUP: Faces Suit Over Unpaid Dues on $23MM Luxury Apartment
----------------------------------------------------------------
Shirley Zhao at Bloomberg News reports that HNA Group Co., China's
debt-laden conglomerate, has been taken to court in Hong Kong over
failing to make repayments on a HK$180 million ($23 million)
mortgage for a luxury apartment.
Bloomberg relates that the group, which is undergoing a debt
restructuring and faces some $187 billion in creditor claims, is
one of four defendants being sued by lender, Thing On Capital Ltd.
Thing On lent the money to Billion Able Corp. in June 2019 for a
duplex apartment at 39 Conduit Road, a Hong Kong high-end
residential development. HNA was Billion Able's ultimate parent
when the mortgage was signed and was one of the guarantors for the
loan.
According to Bloomberg, Thing On is now asking the defendants repay
all the monies, which were due June 21, as well as related
interest. It also wants the property to be put up for sale.
Apartments at 39 Conduit Road, located in a prestigious
neighborhood called Mid-Levels and built by Henderson Land
Development Co., are known for fetching high prices, Bloomberg
notes. In 2017, a penthouse was sold for about HK$522 million.
A unit in the development bought by HNA in 2015 for HK$430 million
was last year seized by PricewaterhouseCoopers LLP, local media
including Ming Pao Daily have reported, Bloomberg relays. It's not
immediately clear whether the apartment is one and the same.
Bloomberg says HNA, which once borrowed heavily to buy global
assets including stakes in Deutsche Bank AG and Hilton Worldwide
Holdings Inc., is in the process of shrinking after China tightened
credit rules to crack down on capital flight.
In February 2020, the government of Hainan province, where HNA is
based, took control of the group's management and HNA announced a
debt reorganization earlier this year, Bloomberg adds.
About HNA Group
China-based HNA Group Co. Ltd. offers airlines services. The
Company provides domestic and international aviation
transportation, air travel, aviation maintenance, and aviation
logistics services. HNA Group also operates holding, capital,
tourism, logistics, and other business.
As reported in the Troubled Company Reporter-Asia Pacific, HNA
Group on Jan. 29, 2021 declared bankruptcy and restructuring after
a multi-year debt and liquidity crisis. The company was informed by
South China's Hainan High People's Court on Jan. 29 that "because
the company is unable to pay off its debts, related creditors
appealed to the court for the company's bankruptcy and
restructuring," HNA said.
According to Global Times, HNA Group said it will cooperate with
the court for judicial review, carry forward the debt disposal, and
support the court's protection of the legal rights of its creditors
so as to ensure the smooth operations of the company.
On March 15, 2021, a court in Hainan approved the merger and
restructuring of 320 affiliates of HNA Group into the parent
company, paving way for the conglomerate to eventually emerge from
bankruptcy, Caixin Global said.
HNA Group was designated as administrator of the merger, and
creditors will hold their first meeting June 4, according to a
statement issued March 15 by the Hainan High People's Court. The
320 units will be integrated into HNA group's bankruptcy
reorganization, and the group will submit a restructuring plan to
the creditor meeting for approval, the court said.
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I N D I A
=========
ABHIBUS SERVICES: Ind-Ra Moves B- Issuer Rating to Non-Cooperating
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has migrated Abhibus Services
(India) Private Limited's Long-Term Issuer Rating to the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will now
appear as 'IND B- (ISSUER NOT COOPERATING)' on the agency's
website.
The instrument-wise rating actions are:
-- INR80 mil. Fund-based limit migrated to non-cooperating
category with IND B- (ISSUER NOT COOPERATING) / IND A4
(ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
June 2, 2020. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.
COMPANY PROFILE
Incorporated in 2008, Hyderabad-based Abhibus Services (India) is
promoted by Sudhakar Reddy Chirra. The company manages bus seat
inventory and provides end-to-end software solutions, including
e-ticketing systems, fleet management solutions, vehicle tracking
systems and bus passenger information systems.
AGRASEN SHIP: Ind-Ra Assigns BB+ Issuer Rating, Outlook Stable
--------------------------------------------------------------
Ind-Ra-Mumbai-July 1, 2021: India Ratings and Research (Ind-Ra) has
assigned Agrasen Ship Breakers Private Limited (ASBPL) a Long-Term
Issuer Rating of 'IND BB+'. The Outlook is Stable.
The instrument-wise rating actions are:
-- Long-term issuer rating assigned with IND BB+/Stable rating;
and
-- INR400 mil. Non-fund-based limits assigned with IND A4+
rating.
KEY RATING DRIVERS
The ratings reflect ASBPL's small scale of operations, as
highlighted by revenue of INR462.4 million in FY21 (FY20: INR434.54
million). The increase in revenue was driven by the purchase of a
13,000 metric ton (MT) ship for breaking in August 2020 for INR285
million; this was the first time ASBPL received a higher-tonnage
ship, as it generally breaks 3,000MT -4,000MT weighing ships. At
FYE21, ASBPL had procured another ship of 3,196.88MT at a cost of
INR220 million and the management expects to book sales of INR400
million until August 2021 from the sales proceeds of this ship and
the in-hand stock of INR117.89 million (as of March 31, 2021). The
company booked revenue of INR89.51 million over April-May 2021. The
company has enhanced its letter of credit to INR400 million in June
2021 (previously INR280 million) to fund the purchase of
high-tonnage ships. This, the management believes, will aid the
company in achieving over INR1,000 million revenue.
Liquidity Indicator - Stretched: The company's cash flow from
operations turned negative to INR76.68 million in FY21 (FY20:
positive INR75.86 million) owing to a stretch in its working
capital. The company's net working capital cycle deteriorated to
negative 23 days in FY21 (FY20: negative 110 days) due to high
receivable period of 104 days (52 days). Generally, the average
receivable period ranges from five-45 days. The average peak
utilization of fund-based limits was 30.13% and non-fund-based
limits was 74.62% for the 12 months ended May 2021. The total
outside liabilities/total net worth stood at 1.84x in FY21 (FY20:
3.24x) owing to an increase in reserves due to net profit. The
company's cash and cash equivalents stood at INR90.26 million at
FYE21 (FYE20: INR18.28 million) including fixed deposits amounted
to INR81.42 million (INR171.25 million).
The ratings, however, are supported by the company's healthy EBITDA
margin, which expanded to 6.08% in FY21 (FY20: 2.86%; FY19: 2.09%)
due to the increased revenue. Its return on capital employed stood
at 31% in FY21 (FY20: 15%). Ind-Ra expects the company's margins to
moderate to previous years' levels in FY22 as the increased revenue
from the high-tonnage shipbreaking was a one-off event.
The ratings also factor in the company's comfortable credit
metrics. The company's net interest coverage (operating EBITDAR/net
interest expense) improved to 8.42x in FY21 (FY20: 2.07x) and the
net leverage (total adjusted net debt/operating EBITDA) to 2.67x
(4.26x) due to the improvement in absolute EBITDA to INR28.13
million (INR12.43 million) The company's interest income from fixed
deposits amounted to INR4.83 million in FY21 (FY20: INR3.43
million). The letter of credit is considered as debt and Ind-Ra
expects the credit metrics to remain strong owing to healthy
EBITDA.
The ratings are also supported by the company's promoters, Rajneesh
Bansal and Sandeep Bansal, who have nearly two decades of
experience in the ship breaking business. The company's shipping
yard is located at Bhavnagar (Gujarat) and has a ship breaking
capacity of 20,000MT. ASBPL received approval from ship
classification society Nippon Kaiji Kyokai, known as Class NK,
which indicates the company's high quality of manufacturing and
working pattern, labor pattern, health safety and environment
pattern.
RATING SENSITIVITIES
Negative: Any decline in the scale of operations, leading to
deterioration in the credit metrics and/or in the liquidity, would
be negative for the ratings.
Positive: A significant improvement in the revenue and sustenance
in EBITDA margins would be positive for the ratings.
COMPANY PROFILE
Incorporated in 2003, Agrasen Ship Breakers Private Limited is
engaged in the business of ship breaking. The shipping yard is
located at Bhavnagar (Gujarat) and has a ship breaking capacity of
20,000MT.
ARKA CARBON: Ind-Ra Keeps 'D' LT Issuer Rating in Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Arka Carbon
Fuels Pvt. Ltd.'s Long-Term Issuer Rating in the non-cooperating
category. The issuer did not participate in the rating exercise,
despite continuous requests and follow-ups by the agency. Thus, the
rating is based on the best-available information. Therefore,
investors and other users are advised to take appropriate caution
while using the rating. The rating will continue to appear as 'IND
D (ISSUER NOT COOPERATING)' on the agency's website.
The instrument-wise rating actions are:
-- INR100 mil. Fund-based working capital facilities (Long-/
Short-term) maintained in non-cooperating category with IND D
(ISSUER NOT COOPERATING) rating; and
-- INR1.0 bil. Non-fund-based working capital facilities (Long-/
Short-term) maintained in non-cooperating category with IND D
(ISSUER NOT COOPERATING) rating.
Note: The ratings were last reviewed on May 25, 2018. Ind-Ra is
unable to provide an update, as the agency does not have adequate
information to review the ratings.
COMPANY PROFILE
Arka Carbon Fuels, a part of the Swastik Group, is engaged in the
business of coal importing and trading. The company is based out of
Indore and is promoted by Hitesh Bindal and Vishnu Bindal.
BHARATHI VIDHYALAYA: Ind-Ra Keeps 'D' Rating in Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Bharathi
Vidhyalaya Educational Trust's (BVET) bank facilities rating in the
non-cooperating category and has simultaneously withdrawn the same.
The detailed rating actions are:
-- INR426.80 mil. Bank loans (Long-term)* maintained in non-
cooperating category and withdrawn; and
-- INR50.00 mil. Fund-based working capital limit (Long-term)*
maintained in non-cooperating category and withdrawn.
*Maintained in 'IND D (ISSUER NOT COOPERATING)' before being
withdrawn.
The rating has been maintained in the non-cooperating category as
BVET did not participate in the rating exercise despite continuous
requests and follow-ups by Ind-Ra.
KEY RATING DRIVERS
Ind-Ra is no longer required to maintain the rating, as it 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.
COMPANY PROFILE
BVET is a public charitable trust founded in 1997 by P R Velumani
and his wife Amutham. The trust manages the Bharathi Vidhyalaya
Matriculation School and Bharathi Vidhyalaya CBSE school in
Gobichettipalayam (Tamil Nadu) and offers classes from pre-primary
to the 12th standard.
BRICKINFRA STRUCTURES: ICRA Assigns B+ Issuer Rating
----------------------------------------------------
ICRA has assigned Issuer Rating of [ICRA]B+ to Brickinfra
Structures Pvt Ltd. Outlook is Stable.
The rating assigned draws comfort from the promoter's decade-long
experience in operating businesses in ITES and renewable energy
sectors. The rating, however, remains constrained by the company's
limited track record and its nascent stage of operations. The
company commenced operations in FY2022 and plans to gradually
scale-up its operations in Bangalore and Chennai. The ratings are
further restricted by the company's exposure to stiff competition
from other well-known online platforms and offline network of
agents/brokers.
The stable outlook reflects ICRA's view that the company's credit
profile would be supported by the low dependence on external debt
in the near-to-medium term.
Key rating drivers and their description
Credit strengths
* Promoter's experience in ITES and renewables sectors:
Brickinfra's promoters, under Raasi group, have experience of close
to a decade of operating businesses in ITES and renewable energy
sectors.
Credit challenges
* Limited track record; nascent stage of operations: The company
commenced operations in FY2022 and plans to gradually scale-up its
operations in Bangalore and Chennai. The company plans to engage in
marketing activities to improve its visibility and is also in the
process of building a capable on-ground sales team.
* Stiff competition: The company is exposed to stiff competition
from other well-known online platforms and offline network of
agents/brokers. The company's ability to achieve the projected
financial metrics by effectively ramping-up operations in a
competitive segment will remain a key rating monitorable.
Liquidity position: Stretched
Brickinfra's liquidity is expected to be stretched due to limited
cash flows and potential for losses during the stabilisation phase
of the business. Given the limited track record of operations, the
company's ability to comfortably meet its planned scale and
profitability targets remains to be seen. Deficits, if any, are
expected to be funded through promoter funds without taking on
external debt.
Rating sensitivities
Positive factors – The ratings could be upgraded if the company
witnesses steady revenue growth and healthy operating margins on a
sustained basis.
Negative factors – The ratings could be downgraded if the company
is unable to ramp-up its operations or witnesses lower margins than
expected. Further, the level of indebtedness in the company would
be a key monitorable.
Incorporated in July 2016, Brickinfra Structures Pvt Ltd
(Brickinfra) has recently commenced operations and operates an
online platform facilitating buying, selling, bidding, swapping
services focused on real estate covering residential, commercial,
rooftop and land segments. The company also provides custodian
services for properties.
DILIGENT MEDIA: ICRA Keeps D Debt Rating in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the Non-convertible Debentures of
Diligent Media Corporation Limited in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]D; ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Non-convertible 250.0 [ICRA]D ISSUER NOT COOPERATING;
Debenture Rating continues to remain
Programme under 'Issuer Not Cooperating'
category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Until October 9, 2019, DMCL published DNA, an English daily
newspaper, which was circulated in Mumbai and Ahmedabad. As per a
scheme of arrangement and amalgamation among ZMCL, DMCL, Mediavest
India Private Limited and Pri-Media Services Private Limited,
ZMCL's demerged print media undertaking has been vested with DMCL,
while Mediavest India Private Limited and Pri-Media Services
Private Limited have been amalgamated with DMCL with effect from
April 1, 2017. Further, DMCL was listed on the stock exchange in
December 2017, with a mirror shareholding of ZMCL. As on March 31,
2020, the promoters held a 62.17% stake in DMCL. With effect from
October 10, 2019, the company has ceased the print publication of
all editions of DNA. It shall, however,
continue to concentrate on publication through its digital
platform– dnaindia.com.
FUTURE CORPORATE: ICRA Moves D Debt Ratings to Not Cooperating
--------------------------------------------------------------
ICRA has moved the ratings for the bank facilities and Principal
Protected Market Linked Debenture Program (PP-MLD) of Future
Corporate Resources Private Limited to 'Issuer Not Cooperating'
category on fee. The rating is denoted as [ICRA]D ISSUER NOT
COOPERATING" for the bank facilities and Principal Protected Market
Linked Debenture Program (PP-MLD).
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term, 50.00 [ICRA]D ISSUER NOT COOPERATING;
Fund-based Rating Moved to the 'Issuer Not
facilities Cooperating' category
Fund Based- 226.67 [ICRA]D ISSUER NOT COOPERATING;
Term Loan Rating Moved to the 'Issuer Not
Cooperating' category
Short-term, 130.00 [ICRA]D ISSUER NOT COOPERATING;
Non-Fund Based Rating Moved to the 'Issuer Not
Facilities Cooperating' category
Principal 437.11 [ICRA]D ISSUER NOT COOPERATING;
Protected Rating Moved to the 'Issuer Not
Market Linked Cooperating' category
Debenture
Program (PP-MLD)
As a part of its process and in accordance with its rating
agreement with FCRPL, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due. Despite
multiple requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite cooperation and in
line with SEBI's Circular No. SEBI/HO/MIRSD4/CIR/2016/119, dated
November 1, 2016, the company's rating has been moved to the Issuer
Not Cooperating category on fee.
Future Corporate Resources Private Limited (erstwhile Suhani
Trading and Investment Consultants Private Limited (STIC)), a
Future Group company, came into existence in its current form with
effect from March 31, 2017, after its amalgamation with the six
companies—Future Corporate Resources Limited (FCRL), PIL
Industries Limited, Weavette Business Ventures Limited, Manz Retail
Private Limited, ESES Commercials Private Limited, and Gargi
Business Ventures Private Limited. The company was renamed as FCRPL
with effect from December 11, 2018. It is primarily an investment
company/holding company of the Future Group, facilitating the
funding of Group companies through various investments and lending
of loans and advances, and providing services to scale up/support
the retail business of the Group. The company, moreover, acts as a
media services and fabric trading arm of the Future Group. FCRPL is
involved in other allied businesses, which were earlier under FCRL,
including mobile connection services in a tie-up with Tata DoCoMo
under the brand, T24, the customer loyalty program, Payback, the
leasing of information technology assets (software as well as
hardware) and management consultancy services.
GANPATLAL ONKARLAL: Ind-Ra Keeps 'BB' Rating in Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Shree Ganpatlal
Onkarlal Agrawal & Company's Long-Term Issuer Rating in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will
continue to appear as 'IND BB (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating action is:
-- INR180 mil. Working capital loans maintained in non-
cooperating category with IND BB (ISSUER NOT COOPERATING)/IND
A4+ (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on May
25, 2018. Ind-Ra is unable to provide an update, as the agency does
not have adequate information to review the ratings.
COMPANY PROFILE
Shree Ganpatlal Onkarlal Agrawal & Company was originally formed as
a proprietary concern by Ms Geeta Devi Bindal in 1988. It was later
reconstituted as a partnership firm in FY09. The firm provides coal
transportation, loading, unloading and handling services through
its wide network of branches across India.
GOVINDAM PRIME: ICRA Keeps B+ Debt Rating in Not Cooperating
------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Shree
Govindam Prime Foods Pvt. Ltd in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA] B+(Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term/ 10.50 [ICRA] B+(Stable); ISSUER NOT
Fund Based/ COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
SGPF processes wheat grain into wheat flour, white flour (maida),
semolina (suji) and bran at its factory at Bikaner, Rajasthan. It
sells wheat flour, maida and suji to various traders spread across
Rajasthan, Maharashtra and Gujarat. The company also sells maida to
various renowned biscuit manufacturing companies, such as ITC
Limited's agri division, Priya Gold, Parle. SGPF sells its products
under the brand name of "Govindam". Mr. Govind Grover manages the
affairs of the company. The factory premise of the company is
spread in an area of 8,850 square meters.
HOTEL JAYAPUSHPAM: Ind-Ra Cuts Rating to 'BB-', Outlook Stable
--------------------------------------------------------------
India Rating and Research (Ind-Ra) has downgraded Hotel Jayapushpam
Private Limited's (Hotel JP) Long-Term Issuer Rating to 'IND BB-'
from 'IND BB' while resolving the Rating Watch Negative (RWN). The
Outlook is Stable.
The instrument-wise rating action is:
-- INR35.8 mil. Term loan due on March 2025 downgraded; off RWN
with IND BB-/Stable rating.
The downgrade reflects the fall in Hotel JP's revenue in FY21 owing
to the disruptions caused by the COVID-19 pandemic. The RWN
resolution reflects the restructuring of loan in March 2021,
leading to reduced pressure on the liquidity position over the
short-to-medium term.
KEY RATING DRIVERS
Hotel JP's revenue declined to INR65.6 million in FY21 (FY20:
INR193.8 million). The scale of operations continued to be small.
The company's average occupancy level fell to 20%-25% in FY21
(FY20: 65%-70%) on account of COVID-19-led disruptions; it was able
to record a marginal occupancy due to accommodation provided to
doctors along with an increase in the demand for banquet halls
during the wedding season. Despite the impact of the second wave of
COVID-19, Ind-Ra expects the revenue to improve slightly in FY22,
supported by measures undertaken by the government to support the
hospitality segment.
The ratings continue to be constrained by Hotel JP's dependence on
a single property.
Liquidity Indicator - Poor: Hotel JP's cash flow from operations
declined to INR4.5 million in FY21 (FY20: INR21.7 million) because
of a decline in the absolute EBITDA to INR25 million (INR21
million). Hotel JP had a cash balance of INR1.09 million at FYE21
(FYE20: INR0.93 million) against repayment obligations of INR7.0
million in FY22 and INR11.0 million in FY23. However, the
management expects the promoters to infuse funds as and when
required. The company had availed the Reserve Bank of
India-prescribed moratorium during March- September 2020 for the
principal repayment; it repaid the obligations fully in March
2021.
The ratings reflect Hotel JP's modest EBITDA margins. Ind-Ra
expects the EBITDA margin to remain stable in FY22 in the near term
as the fixed overheads are likely to remain at FY21 levels. The
margin rose to 31.9% in FY21 (FY20: 12.9%) due to a decline in the
fixed overheads (employee benefit expenses and operating expenses).
The company's ROCE was 5% in FY21 (FY20: 6%).
The ratings continued to be factor in the comfortable credit
metrics due to the low debt levels (FY21: INR46 million; FY20:
INR49 million). Ind-Ra expects the credit metrics to deteriorate
slightly in FY22 due to the availing of additional loans from banks
for the purpose of renovating the restaurants. In FY21, the gross
interest coverage operating (EBITDA/gross interest expense)
improved to 3.6x (FY20: 3.3x) due to a decline in interest expenses
to INR5.8 million (FY20: INR7.3 million). The net financial
leverage (total adjusted net debt/operating EBITDA), however,
deteriorated slightly to 2.1x in FY21 (FY20: 1.9x) due to the
decrease in the absolute EBITDA.
The ratings continue to be supported by the founders' experience of
over a decade in the hotel business.
RATING SENSITIVITIES
Negative: Any substantial weakening in the scale of operations or
EBITDA margins, leading to deterioration in the credit metrics,
with the net leverage exceeding 4.0x on a sustained basis, and a
further stretch in the liquidity profile will be negative for the
ratings.
Positive: Growth in the scale of operations, leading to an
improvement in the credit metrics, both on a sustained basis, and
an improvement in the liquidity position will be positive for the
ratings.
COMPANY PROFILE
Hotel JP, a private limited company founded by J Ashok, is a
three-star hotel with 94 rooms in Chennai. As of March 2021, 90 of
its rooms were operational. The hotel has a restaurant, a lounge
bar, two pubs, a rooftop restaurant, and seven banquet halls.
IENERGY WIND: Ind-Ra Keeps 'D' Bank Loan Rating in Non-Cooperating
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained the ratings on
iEnergy Wind Farms (Theni) Private Limited's bank loans in the
non-cooperating category. The issuer did not participate in the
surveillance exercise despite continuous requests and follow-ups by
the agency. Therefore, investors and other users are advised to
take appropriate caution while using the rating. The rating will
continue to appear as 'IND D (ISSUER NOT COOPERATING)' on the
agency's website.
The detailed rating actions are:
-- INR680 mil. Senior project loans (Long-term) maintained in
non-cooperating category with IND D (ISSUER NOT COOPERATING)
rating; and
-- INR25 mil. Working capital facility (Long-term) maintained in
non-cooperating category with IND D (ISSUER NOT COOPERATING)
rating.
Note: ISSUER NOT COOPERATING; The rating was last reviewed on June
21, 2019. Ind-Ra is unable to provide an update, as the agency does
not have adequate information to review the rating.
COMPANY PROFILE
iEnergy Wind Farms (Theni) is sponsored by Indian Energy Ltd.
through intermediate holding companies. It has been operating a
16.5MW wind farm in Theni, Tamil Nadu, since August 2010.
IL&FS GROUP: Unit Restrained from Acquiring New Clients, Fined
--------------------------------------------------------------
The Hindu BusinessLine reports that SEBI has restrained IL&FS
Securities Services Limited from acquiring any new clients for a
period of two in a case related to unauthorised transfer of mutual
fund units. The market regulator has also imposed a penalty of
INR26 crore on the company.
According to the report, SEBI's action is based on a complaint by
Dalmia Cement East Limited alleging fraudulent transfer of mutual
fund units worth INR344.07 crore by Allied Financial Services Pvt.
Ltd (AFSPL). Dalmia Group, vide letter dated February 27, 2019,
alleged that IL&FS Securities Services Limited, a member of NSE
Clearing Limited, was also involved in the fraudulent transfer of
the units.
Hindu BusinessLine relates that SEBI conducted an investigation
into the matter for the period from February 20, 2017, till
February 8, 2019. A special review was carried out by Grant
Thornton to look into the dealings of IL&FS Securities with AFSPL.
SEBI said that, "IL&FS Securities has admitted to committing
serious lapses in risk management by submitting that it followed a
practice under which collateral can be returned to all its
empanelled trading members, upon receipt of a request from the
client. This shocking and cavalier approach towards an important
element of risk management deserves an appropriate amount of
penalty. It has also been established that the conduct of the
Noticee (IL&FS) is an unfair trade practice and that it has dealt
with the MF units in a fraudulent manner. These are grave and
serious findings and commensurate penalty is liable to be imposed
on the Noticee," Hindu BusinessLine relays.
It added that even though the entire IL&FS Group, including IL&FS
Securities, is undergoing a resolution process, SEBI has the
jurisdiction to determine the monetary and non-monetary liabilities
of the company in the event it is found that it is in violation of
regulatory provisions, Hindu BusinessLine relays. "This order of
SEBI has been upheld by the SAT and the appeal of the Noticee in
the Supreme Court is pending. As directed by the apexcourt, this
order shall be subject to any order passed by the Supreme Court,"
SEBI said.
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.
The Indian government, in October 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, according to Indian
Express. 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.
JASSMINE ENTERPRISES: ICRA Keeps D Debt Ratings in Not Cooperating
------------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Jassmine
Enterprises in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]D/[ICRA]D: ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-Term– 10.00 [ICRA]D ISSUER NOT COOPERATING;
Fund Based Continues to remain under the
Cash Credit 'Issuer Not Cooperating'
Category
Short-Term– 6.00 [ICRA]D ISSUER NOT COOPERATING;
Fund Based Continues to remain under the
'Issuer Not Cooperating'
Category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Jassmine Enterprises ('JE') was established as a partnership
concern in August 2012. The firm was initially managed by the
partners, Mr. Shyam Sunder Motwani and Mr. Umesh Jani while Mr.
Mukesh Kumar Gadhiya joined the firm as partner in FY2016. However,
in FY2017, Mr. Umesh Jani retired from the business as partner. The
firm has its registered office in Mumbai and a warehouse facility
in Navi Mumbai (Maharashtra). It is involved in trading of various
types of fabrics, dress materials and ready-made garments such as
salwar suits, shirts, kids' garments, tops and leggings.
JAWAHAR SAHAKARI: Ind-Ra Lowers Bank Loan Rating to 'D'
-------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Jawahar Sahakari
Soot Girni Ltd.'s bank loan rating to 'IND D (ISSUER NOT
COOPERATING)' from 'IND B+ (ISSUER NOT COOPERATING)'. The issuer
did not participate in the rating exercise despite continuous
requests and follow-ups by the agency. Therefore, the rating is
based on the best-available information. Therefore, investors and
other users are advised to take appropriate caution while using the
rating. The rating will now appear as 'IND D (ISSUER NOT
COOPERATING)' on the agency's website.
The detailed rating actions are:
-- INR286.26 mil. Bank Loans (Long-term) downgraded with IND D
(ISSUER NOT COOPERATING) rating;
-- INR90 mil. Fund-based working capital facilities (Long-term)
downgraded with IND D (ISSUER NOT COOPERATING) rating; and
-- INR25 mil. Non-fund-based working capital facilities (Long-
term) downgraded with IND D (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best-available information.
KEY RATING DRIVERS
The downgrade reflects delays in Jawahar Sahakari Soot Girni's debt
servicing during February-April 2021, the details of which are
unavailable.
RATING SENSITIVITIES
Positive: Timely debt servicing for at least three consecutive
months could result in an upgrade.
COMPANY PROFILE
Jawahar Sahakari Soot Girni was established in 1991 to manufacture
cotton yarn.
JUNAID ENTERPRISES: Ind-Ra Gives B+ Issuer Rating, Outlook Stable
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has assigned Junaid Enterprises
(JE) a Long-Term Issuer Rating of 'IND B+'. The Outlook is Stable.
The instrument-wise rating actions are:
-- INR30 mil. Fund-based working capital limit assigned with IND
B+/Stable rating;
-- INR20 mil. Proposed fund based working capital limit* assigned
with IND B+/Stable rating;
-- INR70 mil. Non-fund-based working capital limits assigned with
IND A4 rating; and
-- INR30 mil. Proposed non-fund based working capital limit*
assigned with IND A4 rating.
*unallocated
KEY RATING DRIVERS
The ratings reflect JE's small scale of operations with revenue of
INR154.73 million in FY20 (FY19: INR156.10 million). The marginal
yoy decline in the revenue in FY21 was due to the fewer orders
executed during the year. Furthermore, according to the provisional
financials for FY21, the revenue was INR177.79 million.
Liquidity Indicator – Poor: JE fully utilized its fund-based
limit during the 12 months ended May 2021. The entity's cash flow
from operations turned negative at INR35.20 million in FY20 (FY19:
positive INR20.93 million) on account of the increased working
capital requirements. Also, JE's free cash flow turned negative to
INR35.51 million in FY20 (FY19: positive INR20.20 million).
Moreover, the net cash cycle deteriorated to 117 days in FY20
(FY19: 45 days), on account of an increase in the average
receivable days. Additionally, the cash and cash equivalents stood
at INR3.10 million in FY20 (FYE19: INR6.76 million). JE does not
have any capital market exposure and relies on banks and financial
institutions to meet its funding requirements. It had availed the
Reserve Bank of India prescribed moratorium over March-August
2020.
The ratings also reflect the firm's moderate credit metrics as
indicated by the interest coverage (operating EBITDA/gross interest
expenses) of 2.39x in FY20 (FY19: 3.30x) and net leverage (adjusted
net debt/operating EBITDA) of 5.47x (2.42x). The deterioration in
the credit metrics was driven by an increase in the interest
expense on account of rise in total debt to INR63.92 million in
FY20 (FY19: INR32.36 million) due to the higher utilization of its
working capital limit during the period.
The ratings benefit from JE's healthy EBITDA margins that increased
to 7.18% in FY20 (FY19: 6.77%), due to a decline in the cost of raw
material. The return on capital employed was 18% in FY20 (FY19:
26%).
The ratings are supported by the partners' decade-long experience
in the civil construction business.
RATING SENSITIVITIES
Positive: An increase in the scale of operations, along with an
improvement in the overall credit metrics and the liquidity
profile, all on a sustained basis, will lead to a positive rating
action.
Negative: A decline in the scale of operations, leading to
deterioration in the overall credit metrics and/or further pressure
on the liquidity position, will be negative for the ratings.
COMPANY PROFILE
Established in 2000 as partnership firm, JE is engaged in various
kinds of civil construction works such as construction of school
buildings, hostel, dormitory, electrification work of building,
boundary wall, staff quarters and so on. MD Akbar Ali, MD Agsar Ali
and MD Azad Mansur Ali are the partners of the firm.
JYOTE MOTORS: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Jyote
Motors Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+ (Stable) ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based Limit– 39.50 [ICRA]B+ (Stable) ISSUER NOT
Cash Credit/ COOPERATING; Rating continues
Working Capital to remain under 'Issuer Not
Limits Cooperating' category
Untied Limits 0.50 [ICRA]B+ (Stable) ISSUER NOT
COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Incorporated in 2000, JMPL is an authorized dealer of MSIL. The
company has its showrooms and service centers under the brand name
'Jyote Motors' in Odisha. JMPL deals in sales and servicing of
vehicles, sale of spare parts/accessories, and trades in pre-owned
cars. In April 2017, the company opened a new showroom to deal in
the NEXA variant of MSIL vehicles. The company also set up two
sales outlets in Bhubaneswar in October 2015, which deal in bikes
manufactured by Suzuki Motorcycles India Private Limited (SMIPL)
and the NEXA variant of MSIL vehicles, respectively.
KALINGA BHARATI: Ind-Ra Lowers Bank Loan Rating to 'D'
------------------------------------------------------
India Ratings and Research (Ind-Ra) has downgraded Kalinga Bharati
Foundation's bank loan rating to 'IND D (ISSUER NOT COOPERATING)'
from 'IND B (ISSUER NOT COOPERATING)'. The issuer did not
participate in the rating exercise despite continuous requests and
follow-ups by the agency. Therefore, the rating is based on the
best available information. Therefore, investors and other users
are advised to take appropriate caution while using the rating.
The detailed rating action is:
-- INR55.00 mil. Bank loans (Long-term) downgraded with IND D
(ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: Issuer did not cooperate; based on
the best available information.
KEY RATING DRIVERS
The downgrade reflects delays in the servicing of bank loan, not
rated by Ind-Ra, in September 2020, the details of which are
unavailable. Information regarding debt servicing post-September
2020 is also not available.
RATING SENSITIVITIES
Positive: Timely debt servicing for at least three consecutive
months could result in an upgrade.
COMPANY PROFILE
Established in 1995 in Bhubaneswar, Kalinga Bharati Foundation is a
charitable society which manages four institutes- a nursing
college, nursing school, a college and a school.
MAA GAURI: ICRA Keeps B+ Debt Ratings in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Maa Gauri
Poultry Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA] B (Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based- 4.90 [ICRA] B (Stable); ISSUER NOT
Term Loan COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Fund based- 4.10 [ICRA] B (Stable); ISSUER NOT
Cash Credit COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best available/dated/
limited information on the issuers' performance. Accordingly, the
lenders, investors and other market participants are advised to
exercise appropriate caution while using this rating as the rating
may not adequately reflect the credit risk profile of the entity.
The rating action has been taken in accordance with ICRA's policy
in respect of non-cooperation by a rated entity available at
www.icra.in.
Incorporated in 2006, Maa Gauri Poultry Private Limited (MGPPL) is
a family managed company engaged in the production of table eggs
and trading in wheat, paddy, rice, animal feed and poultry feed.
The company is based out of Nagpur and sells the eggs to nearby
distributors and traders. The promoter family has been in the
poultry business since 1996.
MANGALMURTI BIO-CHEM: ICRA Keeps B Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of
Mangalmurti Bio-Chem Private Limited in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA] B (Stable);
ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 2.00 [ICRA] B (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
CC to remain under 'Issuer Not
Cooperating' category
Long Term- 3.99 [ICRA] B (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
TL to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Mangalmurti Bio-Chem Private Limited (MBCPL) was established in
2011 and commenced commercial production of granulated NPK
(Nitrogen, Phosphorus, and Potassium) mixture fertilizers in
October 2012. MBCPL is engaged in the manufacture of predominantly
three grades of granulated NPK mixture fertilizers, viz., 20:10:10,
20:05:20 and 20:20:00 and soil nutrient-12:32:06 (denoting
respective proportions of Calcium, Magnesium and Sulphur). The
promoters of the company have nearly a decade's experience in the
manufacture of fertilizers. The manufacturing facility of the
company is located at Mangrol, Surat (Gujarat) and is equipped with
an installed capacity of 18,000 metric tons per annum (MTPA).
MANJUNATHA SILKS: ICRA Keeps B+ Debt Rating in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Sri
Manjunatha Silks in the 'Issuer Not Cooperating' category. The
ratings are denoted as "[ICRA]B+ (Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term– 11.69 [ICRA]B+ (Stable); ISSUER NOT
Fund-based COOPERATING; Rating continue
to remain under the 'Issuer
Not Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Sri Manjunatha Silks was established as a partnership firm in 2006.
The firm's key promoters are Mr. N Ravi, Mr. N Govindaraj and Mr. N
Baskar. The firm primarily involves in retailing of apparels for
women, men and kids, with a major portion of revenues derived from
women clothing including silk sarees, designer sarees, cotton
sarees and other readymade garments. At present, the firm operates
a 14,400-square feet textile retail showroom in Tirupattur, Tamil
Nadu. Besides, it is in the process of setting up a 20,000-square
feet retail showroom in Krishnagiri, Tamil Nadu at a cost of INR7.2
crore. The new showroom is likely to commence commercial operations
from October 2018.
MEGHDOOT GINNING: ICRA Keeps B Debt Ratings in Not Cooperating
--------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Meghdoot
Ginning & Pressing Industries Private Limited in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA]B (Stable);
ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based- 30.00 [ICRA]B (Stable); ISSUER NOT
Limit-Cash COOPERATING; Rating continues
Credit to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Meghdoot Ginning & Pressing Industries Private Limited was
incorporated in 1999 by Mr. Bharat Shah, Mr. Anand Shah, Mr. Ajay
Shah and the other family members. The company is engaged in the
business of ginning and pressing of raw cotton with the capacity to
manufacture around 200 bales1 per day of cotton bales. The
promoters of the company are also associated with other associate
concerns namely PD Cotton Pvt. Ltd. and Shah Punamchand Devchand,
which are involved in trading of cotton bales.
METALLOYS RECYCLING: Ind-Ra Keeps 'D' Rating in Non-Cooperating
---------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Metalloys
Recycling Limited's Long-Term Issuer Rating of 'IND D (ISSUER NOT
COOPERATING)' in the non-cooperating category and has
simultaneously withdrawn it.
The instrument-wise rating actions are:
-- INR100 mil. Fund-based working capital limits (Long-
term/Short-term)* maintained in the non-cooperating category
and withdrawn;
-- INR50 mil. Non-fund-based working capital limits (Short-term)*
maintained in the non-cooperating category and withdrawn;
-- INR50 mil. Proposed fund-based working capital limit (Long-
term/Short-term) withdrawn (the company did not proceed with
the instrument as envisaged); and
-- INR250 mil. Proposed non-fund based working capital limit
(Short-term) withdrawn (the company did not proceed with the
instrument as envisaged).
* Maintained at 'IND DISSUER NOT COOPERATING)' before being
withdrawn
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
April 1, 2019. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.
KEY RATING DRIVERS
The ratings have been maintained in the non-cooperating category
because the issuer did not participate in the rating exercise
despite continuous requests and follow-ups by Ind-Ra.
Ind-Ra is no longer required to maintain the ratings, as it 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.
COMPANY PROFILE
Incorporated in 1987, Metalloys Recycling initially manufactured
metallic salts. Later, it ventured into the processing and trading
of secondary ferrous and non-ferrous metals after its amalgamation
with Metalplast Exim (India) Limited, NICO Properties Private
Limited, Amar Ferro Metals Private Limited, and Metec Asia
Limited.
NATIONAL ELECTRONICS: ICRA Keeps B+ Rating in Not Cooperating
-------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of National
Electronics in the 'Issuer Not Cooperating' category. The rating is
denoted as "[ICRA]B+(Stable) ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based Limit– 6.00 [ICRA]B+(Stable) ISSUER NOT
Cash Credit COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
National Electronics was established as a partnership firm in 1996.
The entity is promoted by four partners—Mr. Kulwant Singh, Mr.
Jaspal Singh, Mr. Dalbir Kaur, and Mr. Avinash Kaur. NE primarily
deals in electronic consumer durable goods such as televisions,
washing machines, refrigerators, air conditioners, etc. NE is the
authorized dealer of reputed players in the consumer durables
industry and also deals in set-top boxes of companies.
ONE CAPITALL: ICRA Keeps D Debt Rating in Not Cooperating
---------------------------------------------------------
ICRA has retained the rating for the bank facilities of One
Capitall Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as [ICRA]D ISSUER NOT COOPERATING.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Bank Lines 90.00 [ICRA]D; ISSUER NOT COOPERATING;
Rating continues to remain under
'ISSUER NOT COOPERATING'
Category
ICRA has been trying to seek information from the entity to monitor
its performance, but the entity's management has remained
non-cooperative despite repeated requests by ICRA. The current
rating action has been taken by ICRA basis best available
information on the issuer's performance. Accordingly, the lenders,
investors and other market participants are advised to exercise
appropriate caution while using this rating as the rating may not
adequately reflect the credit risk profile of the entity. The
rating action has been taken in accordance with ICRA's policy in
respect of non-cooperation by a rated entity available at
www.icra.in.
One Capitall Limited was formed by Mr. Areef Patel to primarily
enter the investment business and finance corporates, firms, and
individuals. The company is a part of the House of Patels Group,
the flagship company of which is Patel Integrated Logistics Limited
(PILL). The Group had earlier ventured into financial services with
Wall Street Finance Limited and subsequently sold its stake in the
company. One Capitall Limited was incorporated on April 11, 2008 as
One Capital Private Limited. Its name was changed to One Capitall
Private Limited on July 1, 2009 and it was converted into a public
limited company on June 9, 2010. The company primarily focuses on
corporate lending, with its portfolio mainly consisting of loan
against property to small builders and developers, asset-backed
loans to small and medium enterprises and unsecured loans to
individuals known to the promoter.
ORIX PACKAGING: ICRA Keeps B+ Debt Ratings in Not Cooperating
-------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Orix
Packaging Private Limited in the 'Issuer Not Cooperating' category.
The rating is denoted as "[ICRA]B+ (Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 4.85 [ICRA] B+ (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
Long Term- 1.50 [ICRA] B+ (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Incorporated in 2016, Orix Packaging Pvt. Ltd. (OPPL) is promoted
by Mr.Ravi Kotadiya, Mr. Nilesh Moradiya, Mr. Pramod Moradiya and
family members. OPPL is engaged in manufacturing of laminated tubes
of four different diameters of 19, 22, 28 and 35 mm. The commercial
operations commenced in March 2017 with a capacity of 3 crore
laminated tubes per annum. The manufacturing facilities is located
at Morbi, Gujarat.
PASHUPATI TRADERS: ICRA Keeps B+ Debt Ratings in Not Cooperating
----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Pashupati
Traders in the 'Issuer Not Cooperating' category. The rating is
denoted as [ICRA]B+(Stable)/[ICRA]A4 ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based Limit– 9.74 [ICRA]B+(Stable) ISSUER NOT
Cash Credit COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Fund based Limit– 0.85 [ICRA]B+(Stable) ISSUER NOT
term loan COOPERATING; Rating continues
to remain under 'Issuer Not
Cooperating' category
Unallocated 0.41 [ICRA]B+(Stable)/[ICRA]A4
Limits ISSUER NOT COOPERATING;
Rating continues to remain
under 'Issuer Not Cooperating'
category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Pashupati Traders (PT) was incorporated in 1993 as a partnership
firm and later reconstituted as sole proprietorship concern in
2011. The entity is involved in sales and services of passenger
cars for General Motors India Limited (GMIL) and in sales and
services of light commercial vehicles for Ashok Leyland Limited
(ALL) in Dibrugarh, Assam. PT operates from a single unit for both
the dealerships however the showrooms for the vehicles of GMIL and
ALL are located in different floors. From January 2015 PT has also
taken dealership of Mahindra & Mahindra Limited for sales of
Mahindra Powerol DG Sets.
PATNA BAKHTIYARPUR: Ind-Ra Keeps 'D' Loan Rating in Non-Cooperating
-------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Patna
Bakhtiyarpur Tollway Limited's bank loan rating in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will
continue to appear as 'IND D (ISSUER NOT COOPERATING)' on the
agency's website.
The detailed rating action is:
-- INR7,145.89 bil. Bank loans (long-term) maintained in non-
cooperating category with IND D (ISSUER NOT COOPERATING)
rating.
Note: ISSUER NOT COOPERATING: the ratings were last reviewed on
June 8, 2018. Ind-Ra is unable to provide an update, as the agency
does not have adequate information to review the ratings.
COMPANY PROFILE
Patna Bakhtiyarpur Tollway is a special-purpose vehicle
incorporated to implement a 50.65km lane expansion (four-laning)
between Anisabad in Patna and Bakhtiyarpur on the National
Highway-30 (NH-30) in Bihar under an 18-year concession from the
National Highways Authority of India National Highway Authority of
India (IND AAA'/Stable).
R.S. AJIT: ICRA Keeps D Debt Rating in Not Cooperating Category
---------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of R.S. Ajit
Singh & Co.(Automotives) Pvt. Ltd. in the 'Issuer Not Cooperating'
category. The rating is denoted as "[ICRA]D; ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term– 9.00 [ICRA]D; ISSUER NOT
COOPERATING;
Fund Based Rating continues to remain under
Cash Credit 'Issuer Not Cooperating'
Category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
R.S. Ajit Singh & Co. (Automotives) Private Limited is an
authorized dealership of vehicles manufactured by Volvo Eicher
Commercial Vehicles Limited (VECV) in the Delhi region. The company
trades in Medium and Heavy Commercial vehicle (M&HCV), Light
commercial vehicle (LCV) and Buses for VECV. The head office for
the company is located in Wazirpur Industrial Area, Delhi from
where all the sales activity is controlled. The day-to-day
operations for the company are looked after by Mr. Bhavinder Singh
Khurana with the support of other directors.
RBR GARMENTS: Ind-Ra Affirms 'BB' LT Issuer Rating, Outlook Stable
------------------------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed RBR Garments
Private Limited's (RBRGPL) Long-Term Issuer Rating at 'IND BB'. The
Outlook is Stable.
The instrument-wise rating actions are:
-- INR250 mil. Fund-based working capital limits* assigned with
IND BB/Stable/IND A4+ rating; and
-- INR50 mil. Non-fund-based working capital limits* assigned
with IND A4+ rating.
*The final ratings have been assigned following the receipt of the
sanction loan documents to the satisfaction of Ind-Ra.
KEY RATING DRIVERS
The affirmation reflects RBRGPL's continued small scale of
operations despite an improvement in the revenue to INR1,021.63
million in FY21 (FY20: INR501.4 million), due to a substantial
increase in the domestic demand. During 2MFY22, RBRGPL achieved a
revenue of INR115 million. It had an order book of INR470 million
at end-May 2021, to be executed by August 2021. During FY22, the
management expects the revenue to improve further, due to an
increase in the number of orders from both the export and the
domestic markets, as post unlocking, the market has been favorable
for the textile industry. FY21 numbers are provisional.
The ratings also reflect RBRGPL's continued average EBITDA margin
with a marginal deterioration to 3.66% in FY21 (FY20: 3.71%), due
to a decline in operating income. The return on capital employed
improved to 12% in FY21 (FY20: 2.7%). The management expects the
margins to improve in FY22 on the back of an increase in export
sales which will generate a duty drawback of 2.5%, subsequently
leading to a decline in the cost of goods.
The gross interest coverage (operating EBITDA/gross interest
expense) improved to 2.8x in FY21 (FY20: 1.2x) due to an increase
in the absolute EBITDA to INR37.39 million (INR18.60 million).
However, the net financial leverage (adjusted net debt/operating
EBITDA) increased to 8.1x in FY21 (FY20: 3.28x) due to an increase
in the working capital requirement. In FY22, Ind-Ra expects the
credit metrics to deteriorate due to a further increase in the
working capital, due to a rise in the orders from the export
market.
Liquidity Indicator – Stretched: RBRGPL's average maximum
utilization of its fund-based limits was 77.2% and that of the
non-fund-based limits was 46.4% during the 12 months ended May
2021. The cash flow from operations deteriorated to negative
INR245.18 million in FY21 (FY20: INR339 million) as receivables
increased to INR229.09 million from INR58.40 million. Furthermore,
the free cash flow also deteriorated to negative INR245.40 million
(FY20: INR338.90 million) due to negative cash flow from
operations. The net working capital cycle elongated to 118 days in
FY21 (FY20: 51 days) due to an elongated receivables period of 82
days (43 days), coupled with a reduction in the creditor days to 68
(129). The cash and cash equivalents stood at INR0.19 million at
FYE21 (FYE20: INR0.20 million). However, RBRGPL does not have any
capital market exposure and relies on banks and financial
institutions to meet its funding requirements. It availed of the
Reserve Bank of India-prescribed moratorium over March-August 2020
on its working capital limits and availed Guaranteed Emergency
Credit Line of INR4.2 million.
The ratings continue to consider RBRGPL's presence in a highly
competitive and fragmented sector, facing competition both from
international and domestic players.
The ratings, however, are supported by the promoter's experience of
around three decades in the knitted garments manufacturing
business.
RATING SENSITIVITIES
Negative: Further deterioration in the profitability leading to
deterioration in the credit metrics with the gross interest
coverage falling below 1.4x and/or any further stress on the
liquidity will be negative for the ratings.
Positive: An increase in the scale of operations leading to an
improvement in the credit metrics, with the gross interest coverage
staying above 2.2x, along with an improvement in the liquidity with
will be positive for the ratings.
COMPANY PROFILE
Established in 1987 as a partnership firm and converted into a
private company in 2005, Tirupur-based RBRGPL manufactures knitted
garments and exports them to the US and Europe. The company has
in-house facilities of knitting, dyeing, printing, embroidery, and
washing.
RENEW RG II: Fitch Affirms BB Rating on $525M Notes, Outlook Stable
-------------------------------------------------------------------
Fitch Ratings has assigned a Stable Outlook to ReNew RG II's USD525
million senior secured notes due 2024 and has affirmed the rating
at 'BB'.
Fitch now rates ReNew RG II under the Infrastructure and Project
Finance Rating Criteria and Renewable Energy Project Rating
Criteria. ReNew RG II is a restricted group (RG) of operating
subsidiaries owned by ReNew Power Private Limited (BB-/Positive).
RATING RATIONALE
The rating on the notes reflects the credit profile of the RG of
eight entities, with a total operating power generation capacity of
636MW in solar (56% of total capacity) and wind (44%) in India. The
US-dollar notes represent joint and several obligations of the
eight operating entities. The rating benefits from restrictions on
cash outflow and additional indebtedness of the RG, and reflects
ReNew RG II's adequate financial profile, including interest income
on inter-company loans extended to the parent at bond issuance.
KEY RATING DRIVERS
Moderate Forecast Spread, Adequate Operating Performance - Revenue
Risk (Volume): Midrange
The energy-yield forecast produced by third-party experts indicates
an overall P50/one-year P90 spread of 14%, leading us to assess
volume risk at 'Midrange'. The portfolio has a capacity-weighted
average record of more than four years, as all assets have been
operating for more than three years. The actual load factors
recorded by the portfolio in the last three years have also been
adequate, with generation that is 6% higher than the one-year P90
levels in the financial years ended March 2019 (FY19) and FY21, and
14% higher than the one-year P90 level in FY20. Curtailment risk is
limited in India due to the must-run status of renewable projects.
Fixed Long-Term Prices for Most Contracts, Low Renewal Risk -
Revenue Risk (Price): Midrange
The RG contracts 75% of its total capacity with state distribution
companies under long-term, fixed-price power-purchase agreements
(PPA), which protect the portfolio from merchant price volatility.
The PPAs have a capacity-weighted residual life of about 18 years.
The remaining 25% of PPAs are with direct commercial and industrial
customers, with tenors ranging from eight to 25 years. Tariffs for
direct customers are determined at a discount to grid tariffs.
Contract renewal and tariff renegotiation risk is mitigated by
increasing grid tariffs, customers' renewable purchase obligations
and the longer tenor of existing contracts.
Proven Technology, Lack of Maintenance Reserve - Operation Risk:
Midrange
The technology deployed in ReNew RG II's wind and solar projects is
considered proven. Most of the wind turbines are procured from some
of the world's largest manufacturers, while the solar modules are
sourced from an internationally well-known supplier. Operation and
maintenance (O&M) for the wind projects is carried out by the
original equipment manufacturers under 10 to 20-year contracts. O&M
for solar projects is carried out by ReNew Power's affiliate
companies under a five-year fixed-price contract, with 4%-5% annual
price escalation. However, Fitch's assessment of operation risk is
constrained at 'Midrange' as the operating cost forecast is not
validated by an independent technical advisor and the bond
indenture does not have a maintenance reserve account.
Bullet Bond, Manageable Refinancing Risk, Ringfenced Structure -
Debt Structure: Midrange
Refinancing risk of the five-year bullet notes, which is directly
issued by the asset-owning entities, is mitigated by management's
commitment to retain cash generated from operations within the RG
and to adhere to a deleveraging profile. Risk is also mitigated by
the balance life of the PPAs and ReNew Power's access to bank and
capital markets. The notes are secured by a pledge of at least a
51% equity share in each of the issuing entities, along with
substantially all of their assets.
Noteholders are protected by ReNew RG II's restrictions on cash
outflow and additional indebtedness. Noteholders benefit from a
standard cash distribution waterfall and a lock-up test at a
backward-looking 1.3x debt-service coverage ratio (DSCR) for cash
outflow. Additional indebtedness is not allowed, aside from a
working capital carve-out of USD30 million. Management is committed
to paying interest income on the initial inter-company loan at a
rate of 8%. The RG maintains a six-month interest service reserve
account, but does not have a major maintenance reserve account. The
notes pay a fixed interest rate and foreign-exchange risk is
substantially hedged.
PEER GROUP
Continuum Energy Levanter Pte. Ltd. (CELP, senior secured notes:
BB+/Stable) has higher exposure to inherently more volatile wind
resources, with 89% of its capacity contributed by wind projects
versus 44% for ReNew RG II. However, CELP benefits from a larger
share of capacity (49%) contracted directly with commercial and
industrial customers, compared with ReNew RG II's 25%, resulting in
a better receivable profile. At the same time, CELP has covenanted
repayment of 47% of the bond value over the bond tenor and also
benefits from a stronger rating-case annual average DSCR of 1.71x.
As a result, CELP's bond rating is a notch higher than ReNew RG
II's bond rating.
Azure Power Solar Energy Private Limited (Azure RG2, senior secured
notes: BB/Stable) is a pure solar portfolio, with 15% of capacity
contracted with sovereign-owned entities. Azure RG2's financial
profile is comparable with that of ReNew RGII, with a rating-case
average annual DSCR of 1.42x, though its portfolio mix is stronger.
However, the difference is not significant enough to justify a
similar credit assessment.
Clean Renewable Power (Mauritius) Pte. Ltd's (senior secured notes:
BB-/Stable) resource mix is comparable with that of ReNew RG II;
54% is contributed from inherently less volatile solar resources
and the balance from wind projects. Counterparty exposure of the
company's RG is stronger, with 46% of capacity contracted with
sovereign-owned counterparties; however, its rating-case DSCR is
lower, at 1.31x, justifying a notch of difference in Fitch's credit
assessment.
RATING SENSITIVITIES
Factor that could, individually or collectively, lead to positive
rating action/upgrade:
-- Synthetic DSCR consistently above 1.55x.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
Synthetic DSCR persistently below 1.40x, which could be a result
of:
-- Energy production consistently underperforming long-term
projections due to low solar resources or operational issues;
and/or
-- Extended payment cycles; and/or
-- Less favourable refinancing terms and structure (including
cash retention and interest income in the RG over time) than
the assumptions made in Fitch's financial analysis.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Sovereigns, Public Finance
and Infrastructure issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of three notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.
TRANSACTION SUMMARY
The US-dollar bonds are co-issued by eight SPVs housing 10
operating wind and solar assets, owned by ReNew Power. The due and
punctual payment of all amounts payable by each co-issuer under the
notes is fully and unconditionally guaranteed on a senior basis by
each of the co-issuers. ReNew Power had also provided a fall-away
guarantee to bond holders. However, the guarantee has fallen away,
as the RG has achieved gross debt/EBITDA of 5.5x. The co-issuers
used the proceeds mainly to repay debt and extend inter-company
loans to the parent.
CREDIT UPDATE
The RG's FY21 electricity generation was in-line with the P90
level; though down from FY20, which was supported by higher solar
intensity. The lower electricity generation translated into an 8%
fall in total revenue and a 2pp drop in the portfolio-level EBITDA
margin.
Vaspet-IV's FY21 load factors were down due to lower wind resource,
while the Bhesada and SREI projects faced curtailment while the
transformers at the sub-station were being upgraded to 500MVA, from
315MVA. The company says the transformer upgrade has been completed
and load factors should now normalise.
Improvement in receivable days of the Dichipally and Bhesada assets
counteracted higher receivable days at the Vaspet-IV and Kushtagi
projects, resulting in a marginal portfolio-level improvement in
receivable days.
FINANCIAL ANALYSIS
Fitch assumes the outstanding US-dollar notes will be refinanced at
maturity, with the new debt amortising across the remaining PPA
terms or the projects' useful life, whichever is longer. Fitch
focuses on the average annual DSCR over the refinancing period,
given the note's largely bullet structure.
Fitch's base case assumes P50 generation, a 7% production haircut
for wind projects, a 5% production haircut for solar assets and a
refinancing interest rate of about 12%. This results in an average
annual DSCR of 2.25x during the refinancing period. Fitch's rating
case assumes one-year P90 generation, a 7% production haircut for
wind projects and a 5% production haircut for solar assets. Fitch
assumes a tariff cap of INR5.5/kWh for projects contracted with
captive and third-party customers, which is equal to the lowest
price on the India Energy Exchange in the past decade plus
additional surcharges. Fitch also applies a 15% stress on
management's operating expense forecast for wind assets and 10% for
solar assets, and a refinancing interest rate of 12%. Fitch's
rating case results in an average annual DSCR of 1.44x.
SECURITY
The obligations of each co-issuer with respect to the notes and the
performance of all other obligations under the indenture will be
secured by the following Indian-law governed security package:
-- A first-ranking pari passu mortgage over certain immovable
property;
-- A first-ranking pari passu charge over movable (tangible and
intangible) assets and current assets, other than certain
accounts as set out in the indenture;
-- A first-ranking pari passu charge over the rights and benefits
under certain project documents, including, PPAs, engineering,
procurement and construction contracts, operation and
maintenance contracts, clearances and authorisations,
insurance contracts, letters of credit and performance bonds;
and
-- A first-ranking pledge by the parent guarantor and ReNew Solar
Power Private Limited (as applicable) over 51% of the equity
shares of the co-issuers and such other securities that have
been pledged for the benefit of the persons extending the
existing senior indebtedness.
ESG CONSIDERATIONS
The highest level of ESG credit relevance is a score of '3'. This
means that the other ESG issues are credit neutral or have only a
minimal credit impact on the entity, either due to their nature or
the way in which they are being managed by the entity.
RICH FOOD: ICRA Moves B+ Debt Rating to Not Cooperating Category
----------------------------------------------------------------
ICRA Ratings has migrated the rating on bank facilities of Rich
Food Corporation (RFC) to Issuer Not Cooperating category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund based– 10.00 [ICRA]B+(Stable) ISSUER NOT
Cash Credit COOPERATING; moved to the
'Issuer Not Cooperating'
Category
Rationale
As part of its process and in accordance with its rating agreement
with RFC, ICRA has been trying to seek information from the entity
so as to monitor its performance, but despite repeated requests by
ICRA, the entity's management has remained non-cooperative. In the
absence of requisite information and in line with ICRA's "Policy in
respect of non-cooperation by a rated entity", a rating view has
been taken on the entity based on the best available information.
The lenders, investors and other market participants are thus
advised to exercise appropriate caution while using this rating as
the rating may not adequately reflect the credit risk profile of
the entity.
RFC produces and sells food products like besan (gramflour), chana,
masoor, moong and moth. It is a partnership firm and was
incorporated in 2015. RFC has four pulse processing units in
Delhi-NCR, having a total installed processing capacity 1,800 MT of
raw pulses per month. RFC is a part of the diversified Bansal Group
of Companies, which was established by Mr. D.P. Bansal in 2000. The
firm supplies pulses to some leading food brands in India like
Bikaji Food International Ltd. and various companies of the
Haldiram Group.
RURAL FAIRPRICE: ICRA Moves D Debt Ratings to Not Cooperating
-------------------------------------------------------------
ICRA has moved the ratings for the Non-convertible debenture
program of Rural Fairprice Wholesale Limited to 'Issuer Not
Cooperating' category on fee. The rating is denoted as "[ICRA]D
ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Non-convertible 320.0 [ICRA]D ISSUER NOT COOPERATING;
Debenture Rating Moved to the 'Issuer Not
Programme Cooperating' category
Non-convertible 350.0 [ICRA]D ISSUER NOT COOPERATING;
Debenture Rating Moved to the 'Issuer Not
Programme Cooperating' category
As a part of its process and in accordance with its rating
agreement with FCRPL, ICRA has been sending repeated reminders to
the entity for payment of surveillance fee that became due. Despite
multiple requests by ICRA, the entity's management has remained
non-cooperative. In the absence of requisite cooperation and in
line with SEBI's Circular No. SEBI/HO/MIRSD4/CIR/2016/119, dated
November 1, 2016, the company's rating has been moved to the Issuer
Not Cooperating category on fee.
Incorporated in September 2009, Rural Fairprice Wholesale Limited
was a wholly-owned subsidiary of Future Corporate Resources Private
Limited (FCRPL). With effect from April 1, 2019, Allfab Syntects
and Commission Agency Private limits hold 100% stake in the
company. RFWL trades in all kinds of fashion, foods, fast-moving
consumer goods (FMCG) and other related products with the Future
Group entities as well as others.
SANJAY RICE: ICRA Keeps D Debt Ratings in Not Cooperating
---------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Sanjay
Rice Mills Pvt. Ltd. in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]D/[ICRA]D; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund Based 2.75 [ICRA]D; ISSUER NOT COOPERATING;
Limit–Cash Rating continues to remain
under
Credit 'Issuer Not Cooperating'
Category
Fund Based 4.16 [ICRA]D; ISSUER NOT COOPERATING;
Limit–Term Rating continues to remain
under
Loan 'Issuer Not Cooperating'
Category
Unallocated 1.27 [ICRA]D; ISSUER NOT COOPERATING;
Limits Rating continues to remain under
'Issuer Not Cooperating'
Category
Fund based 0.32 [ICRA]D; ISSUER NOT COOPERATING;
Limit–Bank Rating continues to remain under
Guarantee 'Issuer Not Cooperating'
Category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Incorporated in 2011, SRMPL is engaged in milling non-basmati rice
with a de-husking capacity of 6 metric tonnes per hour (MTPA). The
manufacturing facility of the company is located at Cooch Behar,
West Bengal. The company commenced its commercial operation in
October 2014.
SANTHA SPINNING: ICRA Moves B+ Debt Rating to Not Cooperating
-------------------------------------------------------------
ICRA Ratings has migrated the rating on bank facilities of Santha
Spinning Mills Private Limited (SSMPL) to Issuer Not Cooperating
category.
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term- 6.15 [ICRA]B+ (Stable) ISSUER NOT
Fund based– COOPERATING; Moved to Issuer
Term Loan Not Cooperating category
Short term- 4.50 [ICRA]A4 ISSUER NOT
Non-Fund based COOPERATING; Moved to Issuer
Not Cooperating category
Long term/Short 8.35 [ICRA]B+(Stable)/[ICRA]A4
term-Unallocated ISSUER NOT COOPERATING;
Moved to Issuer Not
Cooperating category
Rationale
The ratings are moved to 'Issuer Not Cooperating category' because
of lack of adequate information regarding SSMPL's performance and
in turn, the uncertainty around its credit risk. ICRA assesses
whether the information available about the entity is commensurate
with its rating and reviews the same as per its "Policy in respect
of non-cooperation by a rated entity" available at www.icra.in.
The lenders, investors and other market participants are thus
advised to exercise appropriate caution while using this rating as
the same may not adequately reflect the credit risk profile of the
entity, despite the downgrade.
As part of its process and in accordance with its rating agreement
with Santha Spinning Mills Private Limited, ICRA has been trying to
seek information from the entity to monitor its performance.
Despite repeated requests by ICRA, the entity's management has
remained non-cooperative. In the absence of the requisite
information and in line with the aforesaid policy of ICRA, a rating
view has been taken on the entity based on the best available
information.
Santha Spinning Mills Private Limited (SSMPL), incorporated in
2001, is engaged in manufacturing of cotton yarn. SSMPL's spinning
unit is located at Coimbatore with a capacity of 20,976 spindles.
The company is also involved in 3 weaving of fabric under the brand
name of "Santha"; however, it does not have its own power looms and
weaving is outsourced to other companies in the region.
SATHYAM GREEN: Ind-Ra Keeps BB- Loan Rating in Non-Cooperating
--------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Sathyam Green
Power Private Limited's (SGPPL) senior project bank loan in the
non-cooperating category and has simultaneously withdrawn the
rating.
The detailed actions are:
-- INR358.4 mil. Senior bank loans* maintained in non-cooperating
category and withdrawn; and
-- INR97.5 mil. Fund-based working capital limit* maintained in
non-cooperating category and withdrawn.
*Maintained at 'IND BB- (ISSUER NOT COOPERATING)' before being
withdrawn.
KEY RATING DRIVERS
The issuer did not participate in the rating exercise despite
continuous requests and follow-ups by the agency.
Ind-Ra is no longer required to maintain the rating, as the agency
has a received no-objection from the lender over e-mail
communication to withdraw the rating. This is consistent with the
Securities and Exchange Board of India's circular dated March 31,
2017 for credit rating agencies.
COMPANY PROFILE
Sathyam Green Power operates a 10MW biomass power plant in the
Merta district of Rajasthan and is majorly held by Focal Biomass
Holdings Limited.
SATHYANARAYANA AGRO: ICRA Raises Rating on INR9cr LT Loan to BB-
----------------------------------------------------------------
ICRA has revised the ratings on certain bank facilities of
Sathyanarayana Agro Industries (SAI), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long-term– 9.00 [ICRA]BB- (Stable); upgraded
Fund-based– from [ICRA]B+
Cash Credit
Rationale
The rating upgrade takes into consideration the healthy increase in
the scale of operations of SAI, indicated by a revenue growth of
~16% to INR63.7 crore in FY2021 from INR55 crore in FY2020 owing to
a healthy demand for raw rice. Considering the favorable domestic
demand prospects of the rice industry with India being one of the
largest producers and consumers of rice, the firm is likely to
sustain its revenue growth in the near term. The rating continues
to factor in SAI's experienced management with an extensive
operational track record in the rice industry. The firm's presence
in a major rice-growing area provides significant comfort in terms
of easy availability of paddy.
The rating is, however, constrained by the firm's small scale of
operations with a revenue of INR63.7 crore in FY2021 (as per
provisional financials) in a highly fragmented rice milling
industry, which limits its financial flexibility. SAI's weak
financial risk profile, characterized by thin margins and a
moderate interest coverage ratio for FY2021 also impacts the
rating. Additionally, the credit quality of the firm would remain
exposed to agro-climatic risks, which can affect the availability
of paddy in adverse weather conditions and thereby have a negative
impact on SAI's revenues. Further, the rating factors in the
intense competition in the rice industry and the risks associated
with partnership nature of business, including the risk of capital
withdrawal, among others.
The Stable outlook on the [ICRA]BB- rating reflects ICRA's opinion
that SAI will continue to benefit from the extensive experience of
its partners in the rice milling industry and its increased scale
of operations.
Key rating drivers and their description
Credit strengths
* Established track record in rice milling industry: SAI's
promoters have significant experience of over 15 years in the rice
milling industry, resulting in established relationships with
customers and suppliers.
* Presence in major rice-growing area results in easy availability
of paddy: The firm's milling unit is located in the Raichur
district of Karnataka, which is surrounded by a major rice-growing
area, resulting in easy availability of paddy.
* Favourable demand prospects for rice: The demand prospects for
the rice industry are expected to remain stable as rice is a staple
food grain and India is the world's second largest producer and
consumer of rice.
Credit challenges
* Small scale of operations: SAI's scale of operations, though it
increased significantly in FY2021, has been small with an installed
capacity of 57,600 metric tonnes of paddy per annum and revenues of
INR63.7 crore in FY2021 (as per provisional financials), which
limits its financial flexibility.
* Weak financial risk profile: The firm has a moderate financial
risk profile, characterized by thin margins and moderate interest
coverage ratio of 2.8 times in FY2021.
* Intense competition in the industry: The firm faces intense
competition for paddy procurement owing to low entry barriers and
the presence of numerous unorganized and organized players, along
with readily available technology and proximity to
the rice-cultivating belt. This affects SAI's volumes and pricing
flexibility.
* Industry susceptible to agro-climatic risks: The rice milling
industry is susceptible to agro-climatic risks, epidemic in paddy
crop or a shift of farmers to other cash crops and cyclicality,
which can affect the availability of paddy.
* Risks related to partnership nature of the firm: SAI is exposed
to the risks inherent to the partnership nature of the firm,
including the capital withdrawal risk.
Liquidity position: Adequate
The firm's liquidity position is adequate with a buffer of around
20% in working capital limits and moderate repayment obligations of
INR0.66 crore in FY2022 and INR0.66 crore in FY2023. It has availed
a fresh term loan of INR2.65 crore under the Covid Emergency Line
of Credit (CELC) scheme to support its liquidity.
Rating sensitivities
Positive factors – ICRA could upgrade SAI's rating if it
demonstrates a sustained improvement in its revenues and margins.
Negative factors – Pressure on the rating could arise if decline
in revenues or accruals impacts its liquidity position. Moreover
interest coverage of less than 2.0 times, on a sustained basis, may
trigger a rating downgrade.
Established in 2014 by Mr. R. Narayana and family, SAI is a
partnership firm, involved in the milling of paddy and produces raw
and boiled rice. The firm's major products include boiled rice, raw
rice, bran, broken rice and husk. It commenced operations in April
2014 in the Raichur district of Karnataka with a capacity to
process 8 MT of paddy per hour. However, the promoters have been
involved in a similar business for more than two decades.
SAI reported an operating income (OI) of INR63.7 crore and net
profit of INR0.9 crore in FY2021 against an OI of INR55.0 crore and
a net profit of INR0.5 crore in FY2020.
SEVEN SKY: ICRA Lowers Rating on INR15cr Loans to B+
----------------------------------------------------
ICRA has revised the ratings on certain bank facilities of Seven
Sky Entertainment Pvt. Ltd. (SSEPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 11.25 [ICRA] B+ (Stable); ISSUER NOT
Fund Based- COOPERATING and Rating
Limit-Term downgraded from [ICRA]BB (Stable)
Loan and continues to remain under
'Issuer Not Cooperating' Category
Long Term– 3.75 [ICRA]B+ (Stable); ISSUER NOT
Unallocated COOPERATING and Rating downgraded
from [ICRA]BB (Stable) and
continues to remain under 'Issuer
Not Cooperating' category
Rationale
The rating downgrade and continues to remain under 'Issuer Not
Cooperating' is because of lack of adequate information regarding
SSEPL performance and hence the uncertainty around its credit risk.
ICRA assesses whether the information available about the entity is
commensurate with its rating and reviews the same as per its
"Policy in respect of non-cooperation by a rated entity" available
at www.icra.in. The lenders, investors and other market
participants are thus advised to exercise appropriate caution while
using this rating as the rating may not adequately reflect the
credit risk profile of the entity.
As part of its process and in accordance with its rating agreement
with Seven Sky Entertainment Pvt. Ltd. (SSEPL), ICRA has been
trying to seek information from the entity so as to monitor its
performance, but despite repeated requests by ICRA, the entity's
management has remained non-cooperative. In the absence of
requisite information and in line with the aforesaid policy of
ICRA, a rating view has been taken on the entity based on the best
available information.
Incorporated in 2007, Seven Sky Entertainment Pvt. Ltd. (SSEPL) is
promoted by Mr. Ketan Patel, Mr. Jatubha Rathod, Mr. Prakash Patel,
Mr. Bipin Chande and other family members. SSEPL owns ~ 3,48,120 sq
ft plot at airport ring road in Bhuj, Gujarat from which it
operates its 3-star hotel, three-screen multiplex and recently
build mall. Apart from these, the company also operates in liquor
business (both wholesale and in house), restaurant, spa, fitness
center, banquet halls and party plot. The company had constructed
mall at the same plot with a total build-up area of 1,40, 000 sq.
ft in FY2018 and it commenced part operations from May 2018.
Further, the company has constructed second floor in mall building
with leasable area of 26,000 sq ft in FY2019. The company has also
taken franchise of the MAX fashions on revenue-sharing agreement.
In August 2018, the company entered into management agreement with
Clarks Inn Group of Hotels for hotel operations and to run hotel
under the brand Seven Sky Clarks Exotica. Further, the company has
also leased out its three-screen multiplex operations to NY cinemas
from August 2018.
SHARMA CARS: ICRA Reaffirms B+ Rating on INR19.20cr Loan
--------------------------------------------------------
ICRA has reaffirmed ratings on certain bank facilities of Sharma
Cars Private Limited (SCPL), as:
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Fund-based
Overdraft 19.20 [ICRA]B+(Stable); Reaffirmed
Unallocated
Limits 16.49 [ICRA]B+(Stable)/A4; Reaffirmed
Rationale
The rating reaffirmation continues to factor in SCPL long-standing
relationship with its principal Hyundai Motors India Limited (HMIL)
by virtue of being a dealer for its passenger vehicle (PV) and
utility vehicle (UV) segments in Gujarat. The company also benefits
from the extensive experience of the promoters in the auto
dealership business; the presence of SCPL's multiple showrooms in
Ahmedabad; and its aligned servicing facilities.
The rating, however, remains constrained by the company's weak
financial risk profile as evident from the leveraged capital
structure and the stressed debt coverage indicators as on
FY2020-end because of low profitability and high working capital
borrowing levels. The revenue posted a decline of ~13% in FY2021 as
the Covid-19 pandemic resulted in demand slowdown. The rating
continues to factor in the intense competition faced by SCPL from
other dealerships in its operating region and the susceptibility of
SCPL's operations to any slowdown in the automobile industry.
The Stable outlook on [ICRA]B+ rating reflects ICRA's opinion that
SCPL will continue to benefit from the established relationship
with HMIL and the extensive experience of the promoters in the auto
dealership business.
Key rating drivers and their description
Credit strengths
* Extensive experience of promoters in auto-dealership business:
SCPL's promoters have over two-decade-long experience in the
automobile dealership business. SCPL is one of the leading and
oldest dealers of HMIL in Ahmedabad, dealing in entire range of
passenger vehicles. It operates two showrooms with 3S (sales,
service and spares) facilities, one showroom with only sales
facility and one showroom for second-hand car sales.
* Proven market position of principal HMIL in domestic PV and UV
segments: HMIL is the second largest player with ~17% market share
in the domestic PV market and second largest player in the UV
market with ~20% domestic market share as of FY 2021 end. Hence,
SCPL leverages on the long-standing presence and the brand recall
of HMIL in the domestic auto market for pushing it sales.
Credit challenges
* Decline in revenue in FY2021 and thin margins: The company's
operating income declined by ~13% to INR171 crore in FY2021
(provisional financials) from INR198 crore in FY2020 primarily due
to the lockdown starting from March 2020 end till May 2020 end
coupled with the weak consumer sentiments amid Covid-19 pandemic.
The margins, as typical in any dealership business, remained low;
the operating margin was ~4% and the net margin was very low at
0.03% crore in FY2020.
* Leveraged capital structure and weak debt coverage indicators:
The company's capital structure continues to be leveraged as
reflected by gearing of ~8 times as on FY2020-end. With high
finance cost and thin margins, the debt coverage indicators
remained weak as reflected by interest coverage of 1 times,
TD/OPBDITA of 10 times, NCA/TD of 2% and DSCR of 1 times as on
FY2020-end.
* Intense competition among dealers of HMIL and other OEMs: SCPL is
one among six HMIL dealers in Ahmedabad. Besides this, it faces
stiff competition from dealers of other OEMs. Further, the
company's operations are also susceptible to any prolonged slowdown
in the automobile industry.
Liquidity position: Stretched
SCPL's liquidity is expected to remain stretched as the cash
accruals are tightly matched against the scheduled debt repayment.
However, improvement in demand scenario is expected as more people
get inoculated with Covid-19 vaccine leading to higher utilization
of fund-based limits. However, timely financial support by the way
of unsecured loans from promoters, as witnessed in the past, with
no major capex plans provides some comfort.
Rating sensitivities
Positive factors – ICRA could upgrade SCPL's ratings if the
company demonstrates substantial growth in revenue and
profitability, which leads to higher-than-expected cash accruals.
Additionally, substantial equity infusion or improvement of working
capital cycle that supports the liquidity profile will be a credit
positive.
Negative factors – Negative pressure on the company's ratings
could arise if revenue or profitability declines substantially,
leading to inadequate cash accrual. Moreover, any
higher-than-expected debt-funded capex or stretch in the working
capital cycle that leads to deterioration in capital structure and
liquidity could lead to rating downgrade.
Incorporated in 1998, SCPL is the automobile dealer of Hyundai
Motors India Limited's (HMIL) passenger vehicles. The company is
promoted by Mr. Narendra Sharma, Mr. Surendra Sharma and Mr.
Subashchandra Sharma, who have around two decades of experiences in
the automobile dealership. SCPL has presence in Ahmedabad
(Gujarat), through two 3S (sales, service and spares) showrooms,
one 1S (sales) showroom and one used cars outlet.
SOLAPUR TOLLWAYS: Ind-Ra Affirms 'D' Term Loan Rating
-----------------------------------------------------
India Ratings and Research (Ind-Ra) has affirmed Solapur Tollways
Private Limited's (STPL) senior project term loan as follows:
-- INR5,884.2 bil. Senior project term loan (Long-term) due on
March 31, 2031 affirmed with IND D rating.
COMPANY PROFILE
STPL is incorporated by Bharat Road Network Limited, which is a
subsidiary of Srei Infrastructure Finance Limited and holds a
majority stake in STPL. It was incorporated to implement a lane
expansion project under a 25-year concession from the National
Highways Authority of India ('IND AAA'/Stable). The project road is
a 100km stretch from Solapur to Maharashtra-Karnataka border and is
part of the National Highway 9. The project was bagged on the basis
of highest annual premium of INR279.9 million payable to National
Highways Authority of India with an annual escalation of 5%. The
concession agreement was signed on February 29, 2012 and the
appointment date was declared as June 3, 2014. The project was
scheduled to complete within 910 days from the appointment date by
November 28, 2016 but got delayed due to various reasons including
land acquisition and utility shifting issues.
SUSTAINABLE AGRO: Ind-Ra Keeps 'B' Loan Rating in Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Sustainable
Agro-commercial Finance Ltd.'s (SAFL) debt's ratings in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using these ratings. The rating will
continue to appear as 'IND B (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating actions are:
-- INR700 mil. Subordinated debt INE511S08015 issued on March 31,
2015 coupon rate 9.00% due on June 30, 2021 maintained in
non-cooperating category with IND B (ISSUER NOT COOPERATING)
rating; and
-- INR3.265 bil. Bank loans maintained in non-cooperating
category with IND B (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The ratings were last reviewed on
October 23, 2019. Ind-Ra is unable to provide an update, as the
agency does not have adequate information to review the ratings.
COMPANY PROFILE
SAFL is a Mumbai-based non-banking finance company providing
agriculture and allied financial services. Jain Irrigation System
Limited ('IND D') directly holds 49% in SAFL and an additional 21%
through common promoters. International Finance Corporation
Washington and Mandala Capital AG Limited hold 10% and 20% stake in
SAFL, respectively.
SWARGIYA BHIKAM: Ind-Ra Keeps 'BB' Loan Rating in Non-Cooperating
-----------------------------------------------------------------
India Ratings and Research (Ind-Ra) has maintained Swargiya Bhikam
Singh Smriti Samaj Kalyan Sansthan's bank loan rating in the
non-cooperating category. The issuer did not participate in the
rating exercise despite continuous requests and follow-ups by the
agency. Therefore, investors and other users are advised to take
appropriate caution while using the rating. The rating will
continue to appear as 'IND BB (ISSUER NOT COOPERATING)' on the
agency's website.
The instrument-wise rating action is:
-- INR74.28 mil. Bank loans maintained in non-cooperating
category with IND BB (ISSUER NOT COOPERATING) rating.
Note: ISSUER NOT COOPERATING: The rating was last reviewed on July
10, 2015. Ind-Ra is unable to provide an update, as the agency does
not have adequate information to review the ratings.
COMPANY PROFILE
Swargiya Bhikam Singh Smriti Samaj Kalyan Sansthan was established
in 1998 under the Societies Registration act, 1973 in Gwalior,
Madhya Pradesh. It manages two colleges and offers nursing,
computer application and business administration courses. The
society also has a 350-bed hospital.
VARIDHI HYGIENE: Ind-Ra Withdraws 'D' Long-Term Issuer Rating
-------------------------------------------------------------
India Ratings and Research (Ind-Ra) has withdrawn Varidhi Hygiene
Products Private Limited's Long-Term Issuer Rating of 'IND D
(ISSUER NOT COOPERATING)'.
The instrument-wise rating actions are:
-- The 'IND D' rating on the INR20 mil. Fund-based working
capital limits is withdrawn;
-- The 'IND D' rating on the INR25 mil. Non-fund-based working
capital limits is withdrawn; and
-- The 'IND D' rating on the INR70 mil. Term loan is withdrawn.
KEY RATING DRIVERS
Ind-Ra is no longer required to maintain the ratings, as the agency
has received no-dues certificates from its lender. This is
consistent with the Securities and Exchange Board of India's
circular dated March 31, 2017 for credit rating agencies. Thus,
Ind-Ra will no longer provide any analytical and rating coverage
for Varidhi.
COMPANY PROFILE
Incorporated in 2011, Varidhi Hygiene Products manufactures tissue
paper jumbo rolls using recycled paper and virgin pulp.
VASAVI FOOD: ICRA Keeps B- Debt Ratings in Not Cooperating
----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Vasavi
Food Processing Industries in the 'Issuer Not Cooperating'
category. The ratings are denoted as "[ICRA]B- (Stable); ISSUER NOT
COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 4.00 [ICRA] B- (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
CC to remain under 'Issuer Not
Cooperating' category
Long Term- 3.12 [ICRA] B- (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
TL to remain under 'Issuer Not
Cooperating' category
Long Term- 2.88 [ICRA] B- (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
Unallocated to remain under 'Issuer Not
Cooperating' category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
Vasavi Food Processing Industries (VFPI) was founded in August 2014
as partnership firm by Mr. M. Narsaiah and his family members. The
firm is engaged in the milling of paddy to produce raw and boiled
rice with an installed capacity of 4 tons per hour. The plant is in
Nizamabad district in Telangana.
VENKATA NAGA: ICRA Keeps B+ Debt Ratings in Not Cooperating
-----------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Venkata
Naga Lakshmi Paper Mills Private Limited in the 'Issuer Not
Cooperating' category. The rating is denoted as "[ICRA]B
(Stable)/[ICRA]A4; ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term- 0.68 [ICRA] B+ (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
Term Loan to remain under 'Issuer Not
Cooperating' category
Long Term- 9.00 [ICRA] B+ (Stable); ISSUER NOT
Fund Based- COOPERATING; Rating continues
Cash Credit to remain under 'Issuer Not
Cooperating' category
Long Term/ 15.32 [ICRA]B+ (Stable)/[ICRA]A4;
Short Term– ISSUER NOT COOPERATING;
Unallocated Rating continues to remain
under 'Issuer Not Cooperating'
category
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
VNLPMPL was incorporated by Mr. V. Mangapathi Raju in 2003 and is
engaged in manufacturing of kraft paper. The company supplies kraft
paper, which is used in the manufacturing of cartons and packaging
of FMCG products, eggs, aqua food etc. At present, it has a
manufacturing unit with installed capacity of 21,000 MTPA in
Unguturu, West Godavari District.
YR GENERAL: ICRA Keeps B+ Debt Rating in Not Cooperating Category
-----------------------------------------------------------------
ICRA has retained the ratings for the bank facilities of Yr General
Trading Hk Limited in the 'Issuer Not Cooperating' category. The
rating is denoted as "[ICRA]B+ (Stable); ISSUER NOT COOPERATING".
Amount
Facilities (INR crore) Ratings
---------- ----------- -------
Long Term– 20.50 [ICRA]B+ (Stable); ISSUER NOT
Fund Based COOPERATING; Rating continues
and Non-fund to remain under 'Issuer Not
Based Limits– Cooperating' category
General Line
of Credits
ICRA has been trying to seek information from the entity so as to
monitor its performance, but despite repeated requests by ICRA, the
entity's management has remained non-cooperative. The current
rating action has been taken by ICRA basis best
available/dated/limited information on the issuers' performance.
Accordingly, the lenders, investors and other market participants
are advised to exercise appropriate caution while using this rating
as the rating may not adequately reflect the credit risk profile of
the entity. The rating action has been taken in accordance with
ICRA's policy in respect of non-cooperation by a rated entity
available at www.icra.in.
YR General Trading HK Limited was established in 2014 by Mr.
Chanakya Dhanda and Mr. Prafulla Bhat, who have extensive
experience in the electronics industry. The company is incorporated
in Hong Kong with a limited liability status. YRGT is a wholesale
trader of electronic goods to the markets of Hong Kong, Dubai
Singapore and Nepal. YRGT offers a wide range of consumer
electronic products, such as phones, cameras, computers, electronic
accessories, as well as home and kitchen appliances. To some
extent, the company also trades various metals and metal scraps
based on global demand.
=========
J A P A N
=========
SUMITOMO CHEMICAL: Egan-Jones Hikes Sr. Unsecured Ratings to BB+
----------------------------------------------------------------
Egan-Jones Ratings Company, on June 14, 2021, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Sumitomo Chemical Company to BB+ from BB-.
Headquartered in Chuo City, Tokyo, Japan, Sumitomo Chemical
Company, Limited manufactures chemical products.
TOSHIBA: TSE Chief Wants Prompt, Appropriate Disclosure re Scandal
------------------------------------------------------------------
Reuters reports that the Tokyo Stock Exchange (TSE) wants Toshiba
Corp. to make "prompt and appropriate" disclosure about its
widening governance scandal, including who was responsible, the
head of the bourse said, adding transparency remained a problem.
Hiromi Yamaji also told Reuters that activist investors - who have
been in focus because of Toshiba - can be a force for better
shareholder engagement at Japanese companies and help improve
governance.
His comments reflect both a shift in attitude towards activist
investors in Japan, and the extent the Toshiba scandal has raised
concern within corporate Japan about governance, something
shareholders have said is long overdue, Reuters relates.
"The lack of transparency is the biggest problem at Toshiba,"
Reuters quotes Yamaji as saying in an interview late on Friday
(July 2), adding that investors are eager to know if shareholders
were treated unfairly.
"We strongly request Toshiba make prompt and appropriate
disclosures of its own inquiries such as who was responsible," he
said.
An independent probe revealed last month that Toshiba had colluded
with the government to put pressure on foreign shareholders.
Overseas investors account for 65 per cent of trading volume on the
TSE, owned by Japan Exchange Group (JPX), according to Reuters.
While some activists focus on short-term profits, Japan is seeing
an increasing number of those with more constructive approaches,
Yamaji said.
"The presence of such activists could be positive in a sense that
they can foster dialogue between shareholders and companies, as
encouraged by Japan's corporate governance code," the former Nomura
Holdings banker said.
Reuters relates that Yamaji said the bourse could further tighten
the criteria for companies to stay on its main board after an
initial revamp in April next year.
The change is aimed at improving companies' profitability and
governance, by raising the requirements to remain on the bourse's
first section, which will be renamed the "prime market".
According to Reuters, companies will be required to have a
free-floating market capitalisation of more than JPY10 billion ($90
million), and at least 35% of their total shares free-floating.
They will also need to adopt a more stringent governance code in
areas such as disclosure and board diversity.
He declined to say how many companies would be downgraded. Analysts
expect about 30% of the nearly 2,200 listed companies could be
forced from the first section.
Many investors think the exchange could set higher standards, a
point Yamaji acknowledges, Reuters relays.
"We don't think (the current criteria) is our final goal," he said.
"The corporate governance code will be reviewed every three years.
So that might be a good time to re-evaluate our criteria too."
He also expects more Asian companies to list in Tokyo after the
debut this year of Appier, an AI technology firm founded in Taiwan,
and Omni Plus System, a Singapore plastics manufacturer, Reuters
adds.
Japan's political stability, predictable regulatory environment and
vast household savings make Tokyo an attractive place for
fundraising for Asian firms, he said, adding the bourse was doing
more marketing in places such as Hong Kong and Singapore, Reuters
relays.
"More Asian companies are starting to think of Japanese markets as
an option for IPO," he said.
About Toshiba Corp.
Toshiba Corporation (TYO:6502) -- http://www.toshiba.co.jp/--
manufactures and markets electrical and electronic products. The
Company's products include digital products such as PCs and
televisions, NAND flash memories, and system LSIs (large-scale
integrated), as well as social infrastructures such as power
generators, medical equipment, and home appliances.
As reported in the Troubled Company Reporter-Asia Pacific on March
26, 2021, S&P Global Ratings has raised by one notch to 'BB+' its
long-term issuer credit ratings on Japan-based capital goods and
diversified electronics company Toshiba Corp. At the same time, S&P
affirmed its 'B' short-term issuer credit and commercial paper
program ratings. The outlook on the long-term issuer credit rating
is stable.
=====================
N E W Z E A L A N D
=====================
ASB SHOWGROUNDS: Owes Creditors NZD4.6MM, Liquidator's Report Says
------------------------------------------------------------------
Stuff.co.nz reports that Covid-19 restrictions coupled with
increasing Auckland rent costs sent ASB Showgrounds into
liquidation, owing creditors NZD4.6 million, the liquidator's first
report said.
Auckland Agricultural Pastoral and Industrial Shows Board, trading
as ASB Showgrounds, went into liquidation on June 22, with the
board appointing Paul Vlasic of Rodgers Reidy as liquidator,
according to Stuff.
Shortly before releasing his first liquidator's report Mr. Vlasic
said the site had been secured, and he was working through a
process of identifying assets and determining ownership, Stuff
relays.
As part of initial work 11 staff had been made redundant, he said.
This followed an earlier round of redundancies carried out by the
board in February to reduce costs.
A small number of staff had been re-employed to help with the
liquidation, says Stuff.
"The showgrounds are a massive part of Auckland's cultural
landscape, and we know there'll be a lot of uncertainty and
frustration amongst those who have assets on-site, have booked
shows or who have purchased tickets," Stuff quotes Mr. Vlasic as
saying.
"We are working as fast as we can to provide everyone with clear
information on the next steps. We really appreciate everyone's
patience as we work through this complex situation."
According to Stuff, the liquidator's report said the board had
advised that the reason for insolvency was due to the Covid-19
pandemic and the impact on the board's ability to run events,
coupled with increasing rental costs in Auckland.
Due to the size of events held at the showgrounds, the board was
"significantly impacted" by Covid-19 and was only able to operate
at alert level 1, the report, as cited by Stuff, said.
Significant losses were incurred during the national alert level
restrictions between March 21 and June 8 last year, as well as
subsequent Auckland alert level restrictions in August and
February.
"The ongoing changing of alert levels has also resulted in a
general sense of uncertainty within the events industry," the
report said.
The board was formed in 1972 and leased land off the Cornwall Park
Trust Board.
The lease agreement did not provide for any lease concession as a
result of the alert level changes, the report said.
The parties worked together to negotiate a period of time for which
lease payments could be deferred, but would remain payable.
For some time the parties had have been in the process of working
through a lease review, which culminated in an adjudication hearing
on May 17, the report said.
Secured creditors ASB Bank and Ricoh Finance were owed nearly NZD3
million and NZD54,000 respectively, the report said, Stuff
discloses.
Unsecured creditors were owed nearly NZD1.6 million, including
NZD683,252 to the Inland Revenue, the report said.
All wages and holiday pay had been paid and a partial redundancy
payment had been made, with about NZD211,000 still outstanding, it
said.
=================
S I N G A P O R E
=================
AG&P ALE: Creditors' Proofs of Debt Due August 2
------------------------------------------------
Creditors of AG&P Ale Ventures Pte Limited and AG&P Ale Maritime
Ventures Pte Limited, in voluntary liquidation, are required to
file their proofs of debt by Aug. 2, 2021, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on June 30, 2021.
The company's liquidator is:
Ng Choon Heng
c/o 600 North Bridge Road
#05-01 Parkview Square
Singapore 188778
ALTUM PRECISION: Creditors' Proofs of Debt Due August 2
-------------------------------------------------------
Creditors of Altum Precision Pte Ltd, which is in voluntary
liquidation, are required to file their proofs of debt by Aug. 2,
2021, to be included in the company's dividend distribution.
The company commenced wind-up proceedings on June 30, 2021.
The company's liquidator is:
Ng Choon Heng
c/o 600 North Bridge Road
#05-01 Parkview Square
Singapore 188778
DON MOTORING: Court to Hear Wind-Up Petition on July 16
-------------------------------------------------------
A petition to wind up the operations of Don Motoring Pte Ltd and
Don Capital Pte Ltd will be heard before the High Court of
Singapore on July 16, 2021, at 10:00 a.m.
DBS Bank Ltd filed the petition against the company on June 24,
2021.
The Petitioner's solicitors are:
Rajah & Tann Singapore LLP
9 Straits View
#06-07 Marina One West Tower
Singapore 018937
SOVEREIGN JEDA: Court Enters Wind-Up Order
------------------------------------------
The High Court of Singapore entered an order on June 28, 2021, to
wind up the operations of Sovereign Jeda JV Pte. Ltd.
Sovereign Hydroseal Pty Ltd filed the petition against the
company.
The company's liquidators are:
Muk Siew Peng
Keoy Soo Earn
c/o Deloitte & Touche Financial Advisory
Services Pte Ltd
6 Shenton Way, #33-00 OUE Downtown
Singapore 068809
=====================
S O U T H K O R E A
=====================
DAEWOO ENGINEERING: Jungheung Construction Named Preferred Bidder
-----------------------------------------------------------------
Yonhap News Agency reports that Jungheung Construction, a midsized
local builder, has been named the preferred bidder to acquire a
controlling stake in Daewoo Engineering & Construction Co., an
investment fund under the state-run Korea Development Bank (KDB)
said on July 5.
The 50.75 percent stake up for sale in Daewoo E&C is reportedly
valued at around KRW2 trillion (US$1.7 billion), Yonhap discloses.
According to Yonhap, KDB Investment CEO Lee Dai-hyun said in a
virtual news conference that the investment fund "made the decision
by taking into account swiftness and certainty of the deal and
growth and a stable management Daewoo Engineering."
Last month, Jungheung Construction reportedly offered KRW2.3
trillion to buy the controlling stake in Daewoo E&C while a
consortium led by DS Networks, a property developer, submitted a
KRW1.8 trillion bid, the report recalls.
But Jungheung Construction called for a revision of its bid, and
KDB Investment informed DS Networks consortium of Jungheung
Construction's request and asked DS Networks consortium to submit a
revised bid, Yonhap relates.
In 2018, Hoban Construction Co. was selected as a preferred bidder
to buy the stake in Daewoo E&C, but it later dropped its bid to buy
the bigger rival, citing hidden losses in Daewoo E&C's overseas
businesses.
In April, Daewoo E&C reported a first-quarter net profit of
KRW147.9 billion, up 138.9 percent from a year earlier. The
builder's operating profit nearly doubled to KRW229.4 billion in
the January-March period.
Daewoo Engineering & Construction is a Korean construction company.
The previous company name was Daewoo Construction Co, Ltd. Its main
constructions in Korea include Wolseong Nuclear Power Plant,
Nurimaru, Busan-Geoje Fixed Link. Its major constructions abroad
consist of the Swani Hospital Project, Menara Telekom Tower and the
Houay Ho Dam in Laos.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week June 28, 2021 to July 2, 2021
------------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- -------- -----
AUSTRALIA
---------
ACN 113 874 712 PTY LTD 13.25 02/15/18 USD 0.15
ACN 113 874 712 PTY LTD 13.25 02/15/18 USD 0.15
CLEAN SEAS SEAFOOD LTD 8.00 11/18/22 AUD 1.05
CLIME CAPITAL LTD/FUND 6.25 11/30/21 AUD 0.98
GLENNON SMALL COS LTD 5.60 09/30/30 AUD 10.40
VIRGIN AUSTRALIA HOLDIN 8.08 03/05/24 AUD 7.55
VIRGIN AUSTRALIA HOLDIN 8.25 05/30/23 AUD 7.85
VIRGIN AUSTRALIA HOLDIN 8.00 11/26/24 AUD 8.22
VIRGIN AUSTRALIA HOLDIN 8.13 11/15/24 USD 9.23
VIRGIN AUSTRALIA HOLDIN 7.88 10/15/21 USD 9.25
VIRGIN AUSTRALIA HOLDIN 7.88 10/15/21 USD 9.25
VIRGIN AUSTRALIA HOLDIN 8.13 11/15/24 USD 9.25
CHINA
-----
AKESU DISTRICT GREEN IN 4.09 03/11/23 CNY 39.51
AKESU DISTRICT GREEN IN 4.09 03/11/23 CNY 39.68
AKESU XINCHENG ASSET IN 6.40 04/20/22 CNY 20.24
AKESU XINCHENG ASSET IN 6.40 04/20/22 CNY 40.01
ALTAY PREFECTURE STATE- 4.85 01/22/23 CNY 38.70
ALTAY PREFECTURE STATE- 4.85 01/22/23 CNY 39.04
AN SHUN YU KUN REAL EST 5.48 11/10/21 CNY 39.68
ANHUI HUAAN FOREIGN ECO 7.30 07/13/21 CNY 70.01
ANHUI JIANGNAN INDUSTRI 4.76 07/08/23 CNY 59.25
ANHUI JIANGNAN INDUSTRI 4.76 07/08/23 CNY 59.31
ANJI NORTHWEST DEVELOPM 5.90 07/18/23 CNY 59.39
ANJI NORTHWEST DEVELOPM 5.90 07/18/23 CNY 59.58
ANLU CONSTRUCTION DEVEL 5.45 06/15/23 CNY 59.11
ANLU CONSTRUCTION DEVEL 5.45 06/15/23 CNY 59.47
ANQING ECONOMIC&TECHNOL 4.09 03/09/23 CNY 38.87
ANQING ECONOMIC&TECHNOL 4.09 03/09/23 CNY 39.96
ANQING URBAN CONSTRUCTI 6.01 04/27/22 CNY 40.00
ANQING URBAN CONSTRUCTI 6.01 04/27/22 CNY 40.55
ANQIU HUAAN STATE OWNED 7.00 09/14/24 CNY 75.00
ANSHUN CITY CONSTRUCTIO 7.30 09/15/24 CNY 68.49
ANSHUN CITY CONSTRUCTIO 7.30 09/15/24 CNY 73.65
ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 55.82
ANSHUN STATE-RUN ASSETS 4.48 07/18/23 CNY 56.53
ANSHUN XIXIU CITY INVES 4.70 11/22/23 CNY 55.41
ANSHUN XIXIU CITY INVES 4.70 11/22/23 CNY 58.20
BAOJI INVESTMENT GROUP 5.05 04/18/24 CNY 60.50
BAOJI INVESTMENT GROUP 5.05 04/18/24 CNY 60.97
BAOTOU CITY SCIENCE EDU 6.48 03/25/22 CNY 19.96
BAOTOU CITY SCIENCE EDU 6.48 03/25/22 CNY 25.50
BAOYING CITY CONSTRUCTI 4.50 03/24/23 CNY 39.01
BAOYING CITY CONSTRUCTI 4.50 03/24/23 CNY 40.14
BAYAN ZHUOER HETAO WATE 8.54 03/31/22 CNY 13.54
BAYAN ZHUOER HETAO WATE 8.54 03/31/22 CNY 14.80
BAZHONG STATE-OWNED ASS 8.50 04/25/21 CNY 20.00
BAZHONG STATE-OWNED ASS 5.13 12/02/22 CNY 38.77
BAZHONG STATE-OWNED ASS 5.13 12/02/22 CNY 40.00
BEIJING FUTURE SCIENCE 4.20 08/13/22 CNY 40.20
BEIJING FUTURE SCIENCE 4.20 08/13/22 CNY 40.32
BEIJING SHIJINGSHAN STA 6.08 08/18/21 CNY 20.07
BEIJING SHIJINGSHAN STA 6.08 08/18/21 CNY 23.87
BEIPIAO CITY CONSTRUCTI 6.70 03/25/23 CNY 35.90
BEIPIAO CITY CONSTRUCTI 6.70 03/25/23 CNY 40.80
BENGBU URBAN INVESTMENT 5.80 04/13/24 CNY 61.35
BENGBU URBAN INVESTMENT 5.80 04/13/24 CNY 61.83
BIJIE CONSTRUCTION INVE 6.50 01/28/22 CNY 19.45
BIJIE CONSTRUCTION INVE 6.50 01/28/22 CNY 20.10
BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 54.67
BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 57.34
BIJIE DEXI CONSTRUCTION 4.60 11/17/23 CNY 58.14
BIJIE DEXI CONSTRUCTION 5.10 12/05/23 CNY 58.55
BIJIE QIXINGGUAN DISTRI 7.60 09/08/24 CNY 68.00
BINZHOU ZHANHUA DISTRIC 4.93 11/29/23 CNY 58.09
BINZHOU ZHANHUA DISTRIC 4.93 11/29/23 CNY 58.09
BINZHOU ZHONGHAI VENTUR 6.65 04/13/22 CNY 20.00
BINZHOU ZHONGHAI VENTUR 6.65 04/13/22 CNY 20.01
BOHAI LEASING CO LTD 7.00 09/10/21 CNY 46.00
BOHAI LEASING CO LTD 7.00 06/20/21 CNY 59.00
BOILL HOLDING GROUP CO 7.50 06/07/21 CNY 64.01
BORALA MONGOL AUTONOMOU 5.77 08/26/22 CNY 38.50
BORALA MONGOL AUTONOMOU 5.77 08/26/22 CNY 39.91
BOZHOU URBAN CONSTRUCTI 4.78 04/14/23 CNY 39.46
BOZHOU URBAN CONSTRUCTI 4.78 04/14/23 CNY 40.06
BOZHOU YIJU REAL ESTATE 4.82 10/27/21 CNY 49.49
BOZHOU YIJU REAL ESTATE 4.82 10/27/21 CNY 49.58
BRILLIANCE AUTO GROUP H 5.80 03/20/24 CNY 54.80
BRILLIANCE AUTO GROUP H 5.40 09/14/23 CNY 55.80
BRILLIANCE AUTO GROUP H 6.30 09/14/23 CNY 56.93
BRILLIANCE AUTO GROUP H 5.80 11/05/23 CNY 59.80
BRILLIANCE AUTO GROUP H 5.80 06/17/24 CNY 60.78
BRILLIANCE AUTO GROUP H 5.30 10/23/20 CNY 68.50
BRILLIANCE AUTO GROUP H 6.50 01/22/22 CNY 68.50
BRILLIANCE AUTO GROUP H 6.50 03/13/22 CNY 68.50
BRILLIANCE AUTO GROUP H 6.50 04/18/22 CNY 68.50
BRILLIANCE AUTO GROUP H 6.50 06/03/22 CNY 68.50
BRILLIANCE AUTO GROUP H 6.30 09/14/23 CNY 68.50
BRILLIANCE AUTO GROUP H 5.80 11/05/23 CNY 68.50
CANGNAN COUNTY STATE OW 5.58 11/11/22 CNY 40.00
CANGNAN COUNTY STATE OW 5.58 11/11/22 CNY 40.46
CEFC SHANGHAI INTERNATI 4.08 09/09/21 CNY 60.00
CEFC SHANGHAI INTERNATI 4.98 12/10/20 CNY 61.29
CHANG DE DING LI INDUST 4.30 03/10/23 CNY 39.97
CHANG DE DING LI INDUST 4.30 03/10/23 CNY 39.97
CHANGCHUN MODERN AGRICU 7.00 07/25/21 CNY 19.50
CHANGCHUN MODERN AGRICU 7.00 07/25/21 CNY 19.92
CHANGDE DE YUAN SHANTY 5.33 09/13/23 CNY 67.35
CHANGDE URBAN CONSTRUCT 3.59 01/12/23 CNY 39.87
CHANGDE URBAN CONSTRUCT 3.59 01/12/23 CNY 40.00
CHANGGE JINCAI PUBLIC A 7.10 04/19/24 CNY 60.17
CHANGGE JINCAI PUBLIC A 7.10 04/19/24 CNY 61.89
CHANGJI URBAN CONSTRUCT 4.24 11/18/23 CNY 56.95
CHANGJI URBAN CONSTRUCT 4.24 11/18/23 CNY 58.10
CHANGLE COUNTY NEWTOWN 5.18 12/16/22 CNY 39.45
CHANGLE COUNTY NEWTOWN 5.18 12/16/22 CNY 40.41
CHANGSHA COUNTY XINGCHE 7.90 03/25/22 CNY 25.73
CHANGSHA COUNTY XINGCHE 7.90 03/25/22 CNY 25.73
CHANGSHA ECONOMIC & TEC 8.45 04/13/22 CNY 15.47
CHANGSHA ECONOMIC & TEC 4.78 03/03/24 CNY 60.50
CHANGSHA ECONOMIC & TEC 4.78 03/03/24 CNY 61.26
CHANGSHA FURONG CITY DE 3.88 01/26/23 CNY 40.13
CHANGSHA FURONG CITY DE 3.88 01/26/23 CNY 40.67
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 31.03
CHANGSHA METRO GROUP CO 6.20 04/23/23 CNY 32.11
CHANGSHA METRO GROUP CO 5.97 04/03/25 CNY 62.86
CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 70.00
CHANGSHA METRO GROUP CO 4.10 12/21/25 CNY 70.00
CHANGSHA METRO GROUP CO 4.10 12/21/25 CNY 70.50
CHANGSHA METRO GROUP CO 5.40 07/14/25 CNY 72.57
CHANGSHA TIANXIN CITY C 4.20 11/06/22 CNY 39.96
CHANGSHA TIANXIN CITY C 4.20 11/06/22 CNY 40.00
CHANGSHA TIANXIN CITY C 3.43 08/08/23 CNY 59.13
CHANGSHA TIANXIN CITY C 3.43 08/08/23 CNY 59.35
CHANGSHA YUHUA JINGKAI 4.17 09/06/23 CNY 59.18
CHANGSHA YUHUA JINGKAI 4.17 09/06/23 CNY 59.20
CHANGSHA YUHUA URBAN CO 3.80 01/28/23 CNY 39.92
CHANGSHA YUHUA URBAN CO 3.80 01/28/23 CNY 39.98
CHANGSHU BINJIANG URBAN 6.39 09/11/21 CNY 20.00
CHANGSHU BINJIANG URBAN 6.39 09/11/21 CNY 20.16
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 20.52
CHANGSHU DONGNAN ASSET 6.53 03/26/22 CNY 27.32
CHANGSHU TRANSPORTATION 7.00 04/29/21 CNY 20.00
CHANGSHU TRANSPORTATION 7.00 04/29/21 CNY 27.00
CHANGXING URBAN CONSTRU 6.00 12/03/21 CNY 19.00
CHANGXING URBAN CONSTRU 6.00 12/03/21 CNY 20.27
CHANGZHOU PUBLIC HOUSIN 6.64 07/02/21 CNY 19.98
CHANGZHOU PUBLIC HOUSIN 6.64 07/02/21 CNY 19.98
CHANGZHOU TIANNING CONS 6.48 02/12/22 CNY 20.00
CHANGZHOU TIANNING CONS 6.48 02/12/22 CNY 20.47
CHANGZHOU XINGANG ECONO 3.42 10/20/23 CNY 58.83
CHANGZHOU XINGANG ECONO 3.42 10/20/23 CNY 59.60
CHANGZHOU ZHONGLOU ECON 3.64 10/26/23 CNY 59.42
CHANGZHOU ZHONGLOU ECON 3.64 10/26/23 CNY 59.48
CHAOHU URBAN TOWN CONST 6.50 04/30/22 CNY 40.46
CHAOHU URBAN TOWN CONST 6.50 04/30/22 CNY 42.10
CHENGDU ECONOMIC & TECH 6.90 05/30/21 CNY 20.03
CHENGDU ECONOMIC & TECH 6.90 05/30/21 CNY 26.00
CHENGDU GARDEN WATER CI 6.15 05/03/23 CNY 59.37
CHENGDU GARDEN WATER CI 6.15 05/03/23 CNY 59.61
CHENGDU PIDU DISTRICT S 6.95 04/01/22 CNY 20.37
CHENGDU PIDU DISTRICT S 6.95 04/01/22 CNY 28.83
CHENGDU SHUZHOU CITY CO 6.58 05/26/22 CNY 40.30
CHENGDU SHUZHOU CITY CO 6.58 05/26/22 CNY 40.50
CHENGDU XINGCHENGJIAN I 6.00 03/20/22 CNY 20.00
CHENGDU XINGCHENGJIAN I 6.00 03/20/22 CNY 20.09
CHENGDU XINGJIN ECOLOGI 3.65 10/13/23 CNY 58.63
CHENGDU XINGJIN ECOLOGI 3.65 10/13/23 CNY 59.54
CHENGDU XINKAIYUAN URBA 7.43 08/12/21 CNY 20.15
CHENGDU XINKAIYUAN URBA 7.43 08/12/21 CNY 21.00
CHENGDU XINKAIYUAN URBA 5.29 04/27/23 CNY 58.80
CHENGDU XINKAIYUAN URBA 5.29 04/27/23 CNY 59.22
CHENGFA INVESTMENT GROU 6.87 04/30/21 CNY 20.00
CHENGFA INVESTMENT GROU 6.87 04/30/21 CNY 21.37
CHENZHOU BAIFU INVESTME 6.54 08/28/21 CNY 19.88
CHENZHOU BAIFU INVESTME 4.96 03/22/26 CNY 61.46
CHENZHOU BAIFU INVESTME 4.96 03/22/26 CNY 61.47
CHENZHOU FUCHENG HIGH T 4.73 01/22/23 CNY 39.50
CHENZHOU FUCHENG HIGH T 4.73 01/22/23 CNY 39.76
CHENZHOU INDUSTRY INVES 6.45 01/23/22 CNY 20.02
CHENZHOU INDUSTRY INVES 6.45 01/23/22 CNY 28.60
CHENZHOU WENLV INDUSTRY 5.34 11/28/23 CNY 58.46
CHENZHOU XINTIAN INVEST 5.38 03/08/26 CNY 61.59
CHENZHOU XINTIAN INVEST 5.38 03/08/26 CNY 61.72
CHIBI LANTIAN URBAN CON 4.38 08/10/23 CNY 59.19
CHIBI LANTIAN URBAN CON 4.38 08/10/23 CNY 59.68
CHINA FORTUNE LAND DEVE 7.40 03/24/21 CNY 25.13
CHINA FORTUNE LAND DEVE 7.20 04/18/21 CNY 25.13
CHINA FORTUNE LAND DEVE 5.60 09/10/21 CNY 25.13
CHINA FORTUNE LAND DEVE 5.80 05/23/22 CNY 25.13
CHINA FORTUNE LAND DEVE 5.00 05/30/22 CNY 68.15
CHINA OCEANWIDE HOLDING 8.90 12/13/21 CNY 54.50
CHINA OCEANWIDE HOLDING 8.60 09/21/21 CNY 63.01
CHINA SECURITY CO LTD 4.45 11/11/19 CNY 31.00
CHINA YIXING ENVIRONMEN 4.08 09/14/23 CNY 59.60
CHINA YIXING ENVIRONMEN 4.08 09/14/23 CNY 59.66
CHONGQIN BAIYAN INVESTM 5.75 05/03/23 CNY 59.74
CHONGQIN BAIYAN INVESTM 5.75 05/03/23 CNY 60.04
CHONGQIN XINLIANG INVES 4.76 08/26/23 CNY 37.53
CHONGQIN XINLIANG INVES 4.76 08/26/23 CNY 37.55
CHONGQING BANAN ECONOMI 6.17 03/13/22 CNY 19.70
CHONGQING BANAN ECONOMI 7.00 08/20/21 CNY 20.00
CHONGQING BANAN ECONOMI 7.00 08/20/21 CNY 20.06
CHONGQING BANAN ECONOMI 6.17 03/13/22 CNY 20.21
CHONGQING BAYUAN CONSTR 4.99 08/16/23 CNY 58.18
CHONGQING BISHAN DISTRI 4.93 03/29/23 CNY 39.95
CHONGQING BISHAN DISTRI 4.93 03/29/23 CNY 39.98
CHONGQING CHANGSHOU ECO 7.20 07/15/21 CNY 20.01
CHONGQING CHANGSHOU ECO 7.20 07/15/21 CNY 20.17
CHONGQING CHANGSHOU ECO 7.10 06/19/21 CNY 20.00
CHONGQING CHANGSHOU ECO 7.10 06/19/21 CNY 20.02
CHONGQING DAZU INDUSTRI 6.30 04/28/22 CNY 40.00
CHONGQING DAZU INDUSTRI 6.30 04/28/22 CNY 40.07
CHONGQING ECO&TECH DEVE 3.95 04/13/23 CNY 39.82
CHONGQING ECO&TECH DEVE 3.95 04/13/23 CNY 40.24
CHONGQING ENERGY INVEST 5.63 03/18/22 USD 53.04
CHONGQING FULING TRAFFI 6.68 02/03/22 CNY 20.00
CHONGQING FULING TRAFFI 6.68 02/03/22 CNY 20.23
CHONGQING GAOXIN CITY D 7.80 04/25/21 CNY 20.00
CHONGQING GAOXIN CITY D 7.80 04/25/21 CNY 30.80
CHONGQING GARDENING IND 8.45 06/03/21 CNY 20.00
CHONGQING GARDENING IND 8.45 06/03/21 CNY 20.06
CHONGQING HECHUAN CITY 7.30 07/07/21 CNY 20.16
CHONGQING HECHUAN CITY 7.30 07/07/21 CNY 21.00
CHONGQING HECHUAN CITY 3.95 09/06/23 CNY 59.44
CHONGQING HECHUAN CITY 3.95 09/06/23 CNY 59.76
CHONGQING JIANGBEIZUI C 6.50 07/21/21 CNY 16.58
CHONGQING JIANGBEIZUI C 6.50 07/21/21 CNY 20.15
CHONGQING JIN TONG INDU 4.44 11/16/23 CNY 56.16
CHONGQING JIN TONG INDU 4.44 11/16/23 CNY 57.61
CHONGQING JINYUN ASSET 4.50 12/31/22 CNY 40.06
CHONGQING JINYUN ASSET 4.50 12/31/22 CNY 40.07
CHONGQING JIULONG HI-TE 6.60 08/19/21 CNY 20.14
CHONGQING JIULONG HI-TE 6.60 08/19/21 CNY 20.26
CHONGQING KAIQIAN INVES 4.64 03/21/23 CNY 38.61
CHONGQING KAIQIAN INVES 4.64 03/21/23 CNY 38.88
CHONGQING LAND PROPERTI 3.36 03/21/23 CNY 39.77
CHONGQING LAND PROPERTI 3.36 03/21/23 CNY 40.10
CHONGQING LIANGJIANG NE 5.88 09/16/21 CNY 16.68
CHONGQING LIANGJIANG NE 6.70 04/25/21 CNY 20.00
CHONGQING LIANGJIANG NE 5.88 09/16/21 CNY 20.17
CHONGQING LIANGJIANG NE 3.10 08/05/21 CNY 39.95
CHONGQING LIANGJIANG NE 3.10 08/05/21 CNY 40.00
CHONGQING MAIRUI URBAN 4.95 04/21/23 CNY 40.07
CHONGQING MAIRUI URBAN 4.95 04/21/23 CNY 60.06
CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 59.13
CHONGQING NANCHUAN CITY 4.20 07/11/23 CNY 59.36
CHONGQING QIJIANG EAST 4.00 09/05/23 CNY 57.74
CHONGQING QIJIANG EAST 4.00 09/05/23 CNY 58.15
CHONGQING SHUANGQIAO EC 5.99 11/19/21 CNY 19.93
CHONGQING SHUANGQIAO EC 5.99 11/19/21 CNY 26.25
CHONGQING TEA GARDEN IN 7.70 05/20/21 CNY 20.03
CHONGQING TONGLIANG JIN 6.59 04/08/22 CNY 20.00
CHONGQING TONGLIANG JIN 6.59 04/08/22 CNY 20.18
CHONGQING TONGNAN DISTR 4.99 12/31/22 CNY 39.28
CHONGQING TONGNAN DISTR 4.99 12/31/22 CNY 40.00
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 19.99
CHONGQING WANSHENG ECO 6.95 08/25/21 CNY 25.00
CHONGQING WANSHENG ECO 5.40 11/18/21 CNY 39.41
CHONGQING WANZHOU SANXI 4.95 08/25/22 CNY 40.26
CHONGQING WANZHOU SANXI 4.95 08/25/22 CNY 40.80
CHONGQING XINGRONG HOLD 4.86 03/31/23 CNY 38.50
CHONGQING XINGRONG HOLD 4.86 03/31/23 CNY 39.13
CHONGQING XIYONG MICRO- 6.58 07/25/21 CNY 20.09
CHONGQING XIYONG MICRO- 6.58 07/25/21 CNY 22.33
CHONGQING YONGCHUAN HUI 7.28 05/30/21 CNY 20.05
CHONGQING YONGCHUAN HUI 7.28 05/30/21 CNY 21.60
CHONGQING YUELAI INVEST 6.09 04/29/22 CNY 40.00
CHONGQING YUELAI INVEST 6.09 04/29/22 CNY 40.18
CHONGQING YUNAN ASSET M 7.05 06/17/21 CNY 20.01
CHONGQING YUNAN ASSET M 7.05 06/17/21 CNY 20.76
CHUN'AN XINANJIANG DEVE 6.10 03/11/22 CNY 20.32
CHUN'AN XINANJIANG DEVE 6.10 03/11/22 CNY 24.55
CHUN'AN XINANJIANG DEVE 3.84 11/04/23 CNY 58.70
CHUN'AN XINANJIANG DEVE 3.84 11/04/23 CNY 59.43
CHUZHOU CITY INVESTMENT 6.40 08/22/21 CNY 20.01
CHUZHOU CITY INVESTMENT 6.40 08/22/21 CNY 20.15
CHUZHOU CITY INVESTMENT 6.30 11/30/21 CNY 30.58
CITIC GUOAN GROUP CORP 4.90 11/06/19 CNY 18.25
CITIC GUOAN GROUP CORP 5.80 12/15/19 CNY 18.25
CITIC GUOAN GROUP CORP 4.23 12/15/20 CNY 18.25
CITIC GUOAN GROUP CORP 4.49 03/08/21 CNY 18.25
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 20.12
CIXI CITY CONSTRUCTION 6.18 08/18/21 CNY 28.80
CIXI STATE OWNED ASSET 4.90 04/07/24 CNY 60.64
CIXI STATE OWNED ASSET 4.90 04/07/24 CNY 63.13
DAFANG COUNTY CONSTRUCT 6.00 09/26/23 CNY 57.81
DAFANG COUNTY CONSTRUCT 6.00 09/26/23 CNY 59.34
DALI HAIDONG DEVELOPMEN 6.01 01/25/23 CNY 39.39
DALI HAIDONG DEVELOPMEN 6.01 01/25/23 CNY 39.82
DALIAN PULANDIAN CONSTR 3.80 01/25/23 CNY 39.54
DALIAN RONGDA INVESTMEN 5.69 12/05/21 CNY 20.15
DALIAN SHITAI CITY CONS 4.50 02/01/23 CNY 35.60
DALIAN SHITAI CITY CONS 4.50 02/01/23 CNY 39.31
DANGTU COUNTY CONSTRUCT 5.38 08/10/22 CNY 40.27
DANGTU COUNTY CONSTRUCT 5.38 08/10/22 CNY 40.35
DANGYANG XINYUAN INVEST 7.99 05/23/21 CNY 20.00
DANGYANG XINYUAN INVEST 4.97 03/29/23 CNY 39.30
DANGYANG XINYUAN INVEST 4.97 03/29/23 CNY 40.06
DANYANG HI-TECH INDUSTR 6.40 04/24/22 CNY 19.64
DANYANG HI-TECH INDUSTR 6.40 04/24/22 CNY 40.00
DANYANG INVESTMENT GROU 3.99 01/25/23 CNY 39.25
DANYANG INVESTMENT GROU 3.99 01/25/23 CNY 39.51
DATONG ECONOMIC CONSTRU 4.49 10/22/22 CNY 39.73
DATONG ECONOMIC CONSTRU 4.49 10/22/22 CNY 40.30
DAWA COUNTY CITY CONSTR 6.29 06/12/22 CNY 39.00
DAWA COUNTY CITY CONSTR 6.29 06/12/22 CNY 39.90
DAWA COUNTY LINGANG ECO 5.99 10/19/24 CNY 73.86
DAYE ZHENHENG CITY DEVE 4.50 03/28/23 CNY 38.78
DAYE ZHENHENG CITY DEVE 4.50 03/28/23 CNY 39.55
DAYE ZHENHENG CITY DEVE 4.05 08/31/23 CNY 55.75
DAYE ZHENHENG CITY DEVE 4.05 08/31/23 CNY 58.26
DAZHOU DEVELOPMENT HOLD 6.55 01/14/22 CNY 20.00
DAZHOU DEVELOPMENT HOLD 6.55 01/14/22 CNY 20.19
DAZHOU DEVELOPMENT HOLD 5.10 11/27/22 CNY 39.81
DAZHOU DEVELOPMENT HOLD 5.10 11/27/22 CNY 40.00
DEHONGZHOU HONGKANG INV 6.68 01/23/22 CNY 19.94
DEHONGZHOU HONGKANG INV 6.68 01/23/22 CNY 19.97
DEQING CONSTRUCTION INV 3.60 11/11/23 CNY 59.48
DEQING CONSTRUCTION INV 3.60 11/11/23 CNY 59.50
DEXING INVESTMENT HOLDI 5.99 03/21/23 CNY 36.80
DEXING INVESTMENT HOLDI 5.99 03/21/23 CNY 39.69
DEYANG ECONOMIC DEVELOP 7.90 04/28/21 CNY 20.00
DEYANG ECONOMIC DEVELOP 7.90 04/28/21 CNY 28.26
DONGLING GROUP INC CO 8.00 07/14/22 CNY 40.00
DONGLING GROUP INC CO 8.00 07/14/22 CNY 40.30
DONGTAI STATE-OWNED ASS 3.04 11/16/23 CNY 58.08
DONGYING CITY URBAN ASS 5.57 03/31/22 CNY 20.23
DONGYING CITY URBAN ASS 5.57 03/31/22 CNY 21.58
DONGZHI COUNTY CITY OPE 4.88 06/20/23 CNY 60.31
DONGZHI COUNTY CITY OPE 4.88 06/20/23 CNY 60.32
DUJIANGYAN NEW CITY CON 6.90 10/19/24 CNY 69.05
DUJIANGYAN XINGYAN INVE 6.10 03/12/22 CNY 19.00
DUJIANGYAN XINGYAN INVE 6.10 03/12/22 CNY 19.35
DUNYUN STATE-OWNED ASSE 6.60 12/28/22 CNY 39.31
ENSHI URBAN CONSTRUCTIO 7.50 06/03/21 CNY 20.04
ENSHI URBAN CONSTRUCTIO 7.50 06/03/21 CNY 27.54
ENSHI URBAN CONSTRUCTIO 3.84 11/01/23 CNY 58.70
ENSHI URBAN CONSTRUCTIO 3.84 11/01/23 CNY 59.04
EZHOU CITY CONSTRUCTION 7.76 05/15/21 CNY 20.01
EZHOU CITY CONSTRUCTION 6.68 09/19/21 CNY 20.18
EZHOU CITY CONSTRUCTION 6.68 09/19/21 CNY 20.53
EZHOU CITY CONSTRUCTION 7.76 05/15/21 CNY 26.50
FEICHENG CITY ASSETS MA 4.04 03/23/23 CNY 39.32
FEICHENG CITY ASSETS MA 4.04 03/23/23 CNY 39.71
FEIXI COUNTY URBAN & RU 4.45 06/03/23 CNY 60.35
FEIXI COUNTY URBAN & RU 4.45 06/03/23 CNY 61.24
FENG COUNTY ECONOMIC DE 5.18 06/21/23 CNY 58.37
FENG COUNTY ECONOMIC DE 5.18 06/21/23 CNY 58.92
FENGCHENG CITY CONSTRUC 6.49 02/10/22 CNY 20.34
FENGCHENG CITY CONSTRUC 6.49 02/10/22 CNY 20.69
FENGCHENG CITY MODERN I 5.76 12/17/22 CNY 39.44
FENGCHENG CITY MODERN I 5.76 12/17/22 CNY 40.00
FENGDU COUNTY STATE-OWN 6.38 09/05/24 CNY 60.00
FENGHUANG MINGCHENG CON 6.50 03/23/24 CNY 59.86
FENGHUANG MINGCHENG CON 6.50 03/23/24 CNY 59.87
FENGTAI HUAXING CITY DE 5.60 03/13/24 CNY 61.33
FENGTAI HUAXING CITY DE 5.60 03/13/24 CNY 61.38
FENGXIAN URBAN INVESTME 4.23 07/13/21 CNY 19.88
FENGXIAN URBAN INVESTME 4.23 07/13/21 CNY 19.96
FENGXIAN URBAN INVESTME 6.48 03/20/22 CNY 19.99
FENGXIAN URBAN INVESTME 6.48 03/20/22 CNY 20.00
FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 58.33
FENYI CITY CONSTRUCTION 4.54 08/22/23 CNY 58.42
FUGUINIAO CO LTD 6.30 04/22/20 CNY 13.00
FUJIAN FUSHENG GROUP CO 7.90 11/19/21 CNY 60.00
FUJIAN FUSHENG GROUP CO 7.90 12/17/21 CNY 70.99
FUJIAN JINJIANG INDUSTR 7.08 06/27/21 CNY 20.06
FUJIAN JINJIANG INDUSTR 7.08 06/27/21 CNY 20.65
FUJIAN JINJIANG URBAN C 3.35 08/24/23 CNY 59.00
FUJIAN JINJIANG URBAN C 3.35 08/24/23 CNY 59.95
FUJIAN PROVINCE LIANJIA 6.29 04/30/22 CNY 40.00
FUJIAN PROVINCE LIANJIA 6.29 04/30/22 CNY 40.47
FUJIAN ZHANGLONG GROUP 4.99 08/07/22 CNY 40.00
FUJIAN ZHANGLONG GROUP 4.99 08/07/22 CNY 40.47
FUNING URBAN INVESTMENT 7.19 08/15/21 CNY 20.14
FUNING URBAN INVESTMENT 7.19 08/15/21 CNY 21.15
FUNING URBAN INVESTMENT 6.00 03/14/24 CNY 61.23
FUNING URBAN INVESTMENT 6.00 03/14/24 CNY 61.49
FUQING CITY STATE-OWNED 5.94 11/26/22 CNY 39.80
FUXIN INFRASTRUCTURE CO 6.18 03/18/22 CNY 19.00
FUXIN INFRASTRUCTURE CO 6.18 03/18/22 CNY 19.76
FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 38.78
FUZHOU CHANGLE DISTRICT 4.50 04/11/23 CNY 39.99
FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 49.63
FUZHOU DEVELOPMENT ZONE 3.53 08/25/23 CNY 59.42
FUZHOU DONGXIANG INVEST 6.20 03/20/24 CNY 58.60
FUZHOU DONGXIANG INVEST 6.20 03/20/24 CNY 61.90
FUZHOU LINCHUAN URBAN C 5.68 07/05/23 CNY 59.79
FUZHOU LINCHUAN URBAN C 5.68 07/05/23 CNY 60.06
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 20.00
FUZHOU URBAN AND RURAL 5.48 01/26/22 CNY 20.35
FUZHOU URBAN AND RURAL 4.89 07/08/22 CNY 40.34
FUZHOU URBAN AND RURAL 4.89 07/08/22 CNY 40.55
GANSU PROVINCIAL HIGHWA 6.58 09/24/22 CNY 71.60
GANSU PROVINCIAL HIGHWA 6.20 03/28/23 CNY 72.14
GANZHOU CITY DEVELOPMEN 5.50 06/16/22 CNY 40.00
GANZHOU CITY DEVELOPMEN 5.50 06/16/22 CNY 40.16
GANZHOU DEVELOPMENT INV 8.10 12/11/23 CNY 63.88
GAOMI STATE-OWNED ASSET 4.69 01/26/23 CNY 39.55
GAOMI STATE-OWNED ASSET 4.69 01/26/23 CNY 39.73
GAOYOU CITY CONSTRUCTIO 5.48 09/15/22 CNY 40.00
GAOYOU CITY CONSTRUCTIO 5.48 09/15/22 CNY 40.33
GAOYOU CITY ECONOMY DEV 3.65 09/02/23 CNY 59.51
GAOYOU CITY ECONOMY DEV 3.65 09/02/23 CNY 60.00
GONG'AN COUNTY CITY CON 4.30 08/30/23 CNY 59.09
GONG'AN COUNTY CITY CON 4.30 08/30/23 CNY 59.20
GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 39.08
GONGQINGCHENG FINANCIAL 5.85 03/25/23 CNY 40.29
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 20.28
GUANGAN DEVELOPMENT AND 6.39 03/24/22 CNY 24.00
GUANGAN ECONOMIC & TECH 7.10 09/22/21 CNY 20.03
GUANGAN ECONOMIC & TECH 7.10 09/22/21 CNY 20.03
GUANGAN ECONOMIC & TECH 5.16 04/14/23 CNY 38.70
GUANGAN ECONOMIC & TECH 5.16 04/14/23 CNY 39.34
GUANGAN TRANSPORTATION 5.39 12/01/23 CNY 58.51
GUANGDONG HUIZHOU COMMU 4.16 05/17/23 CNY 60.28
GUANGDONG HUIZHOU COMMU 4.16 05/17/23 CNY 60.32
GUANGDONG HUIZHOU COMMU 4.95 12/27/23 CNY 61.30
GUANGDONG HUIZHOU COMMU 4.95 12/27/23 CNY 61.30
GUANGRAO COUNTY ECONOMI 3.61 09/08/23 CNY 60.06
GUANGSHUI CITY DEVELOPM 6.19 03/01/24 CNY 61.38
GUANGSHUI CITY DEVELOPM 6.19 03/01/24 CNY 61.39
GUANGXI BAISE DEVELOPME 7.27 06/20/21 CNY 19.90
GUANGXI BAISE DEVELOPME 7.27 06/20/21 CNY 19.99
GUANGXI LAIBIN INDUSTRI 5.97 11/26/21 CNY 19.94
GUANGXI LAIBIN INDUSTRI 5.97 11/26/21 CNY 20.00
GUANGYUAN YUANQU CONSTR 8.35 08/26/21 CNY 20.14
GUANGYUAN YUANQU CONSTR 8.35 08/26/21 CNY 27.00
GUANGYUAN YUANQU CONSTR 4.48 03/10/23 CNY 38.65
GUANGYUAN YUANQU CONSTR 4.48 03/10/23 CNY 38.99
GUANGZHOU HUANTOU NANSH 6.38 11/18/24 CNY 59.72
GUANGZHOU HUANTOU NANSH 6.38 11/18/24 CNY 59.98
GUANGZHOU METRO GROUP C 6.45 04/02/24 CNY 45.00
GUANGZHOU METRO GROUP C 6.45 04/02/24 CNY 47.35
GUANGZHOU METRO GROUP C 6.05 06/03/24 CNY 62.28
GUILIN CITY INVESTMENT 6.90 06/13/21 CNY 20.00
GUILIN CITY INVESTMENT 6.90 06/13/21 CNY 20.05
GUILIN ECONOMIC CONSTRU 5.60 04/22/22 CNY 20.00
GUILIN ECONOMIC CONSTRU 5.60 04/22/22 CNY 20.39
GUIRENNIAO CO LTD 7.00 12/03/19 CNY 49.50
GUIXI STATE OWNED HOLDI 4.18 08/18/23 CNY 58.60
GUIXI STATE OWNED HOLDI 4.18 08/18/23 CNY 58.93
GUIYANG BAIYUN CITY CON 4.75 09/13/26 CNY 73.28
GUIYANG BAIYUN CITY CON 4.75 09/13/26 CNY 73.47
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 20.23
GUIYANG BAIYUN INDUSTRY 7.30 03/27/22 CNY 25.00
GUIYANG CITY CONSTRUCTI 4.37 03/25/26 CNY 66.33
GUIYANG CITY CONSTRUCTI 4.37 03/25/26 CNY 67.09
GUIYANG CITY CONSTRUCTI 4.00 11/14/26 CNY 73.25
GUIYANG CITY CONSTRUCTI 4.00 11/14/26 CNY 74.71
GUIYANG GUANCHENG INDUS 7.50 12/25/22 CNY 70.37
GUIYANG GUANSHANHU DIST 4.48 03/09/23 CNY 37.39
GUIYANG GUANSHANHU DIST 4.48 03/09/23 CNY 38.24
GUIYANG GUANSHANHU DIST 4.87 01/28/23 CNY 38.56
GUIYANG GUANSHANHU DIST 4.87 01/28/23 CNY 38.88
GUIYANG URBAN CONSTRUCT 5.23 12/02/22 CNY 39.52
GUIYANG URBAN CONSTRUCT 5.23 12/02/22 CNY 39.60
GUIZHOU EAST LAKE CITY 5.18 01/06/23 CNY 38.57
GUIZHOU EAST LAKE CITY 5.18 01/06/23 CNY 39.95
GUIZHOU FANJINGSHAN INV 6.95 01/28/22 CNY 19.65
GUIZHOU FANJINGSHAN INV 6.95 01/28/22 CNY 20.00
GUIZHOU GUIAN CONSTRUCT 4.17 10/28/22 CNY 40.09
GUIZHOU GUIAN CONSTRUCT 4.17 10/28/22 CNY 41.00
GUIZHOU GUILONG INDUSTR 7.80 04/28/22 CNY 50.15
GUIZHOU GUILONG INDUSTR 7.80 04/28/22 CNY 50.22
GUIZHOU HONGCAI INVESTM 6.00 06/07/23 CNY 48.73
GUIZHOU HONGCAI INVESTM 6.00 06/07/23 CNY 49.16
GUIZHOU RAILWAY INVESTM 7.20 03/27/22 CNY 20.10
GUIZHOU RAILWAY INVESTM 7.20 03/27/22 CNY 20.61
GUIZHOU RAILWAY INVESTM 7.50 04/23/24 CNY 45.82
GUIZHOU RAILWAY INVESTM 7.50 04/23/24 CNY 62.67
GUIZHOU SHUICHENG CITY 4.98 11/22/23 CNY 54.89
GUIZHOU SHUICHENG CITY 4.98 11/22/23 CNY 59.70
GUIZHOU SHUICHENG ECONO 7.50 10/26/25 CNY 59.50
GUIZHOU XINDONGGUAN CIV 7.70 09/05/24 CNY 67.00
GULIN STATE-OWNED ASSET 4.18 08/04/23 CNY 58.52
GULIN STATE-OWNED ASSET 4.18 08/04/23 CNY 58.80
HAIAN COUNTY DEVELOPMEN 5.45 04/13/23 CNY 38.98
HAIAN COUNTY DEVELOPMEN 5.45 04/13/23 CNY 39.28
HAIAN DEVELOPMENT ZONE 4.47 11/16/23 CNY 57.87
HAIAN DEVELOPMENT ZONE 4.47 11/16/23 CNY 58.08
HAIAN URBAN DEMOLITION 5.08 11/27/22 CNY 40.15
HAIAN URBAN DEMOLITION 5.08 11/27/22 CNY 40.88
HAICHENG URBAN JINCAI L 5.37 08/10/23 CNY 59.25
HAIFENG MARINE INFRASTR 6.84 04/29/22 CNY 40.05
HAIKOU MEILAN INTERNATI 5.25 09/06/19 USD 23.42
HAINAN AIRLINES HOLDING 6.20 05/24/21 CNY 51.00
HAINING CITY DEVELOPMEN 5.58 10/22/21 CNY 20.08
HAINING CITY DEVELOPMEN 5.58 10/22/21 CNY 20.70
HAMI JIANHUI STATE-OWNE 3.90 09/21/23 CNY 57.74
HAMI JIANHUI STATE-OWNE 3.90 09/21/23 CNY 58.20
HANCHENG CITY INVESTMEN 4.69 12/05/23 CNY 57.03
HANCHENG CITY INVESTMEN 4.69 12/05/23 CNY 57.23
HANCHUAN CITY HANRONG I 4.25 07/18/23 CNY 59.13
HANCHUAN CITY HANRONG I 4.25 07/18/23 CNY 59.24
HANDAN CONSTRUCTION & I 5.48 05/27/22 CNY 40.25
HANDAN CONSTRUCTION & I 5.48 05/27/22 CNY 47.20
HANGZHOU CANAL COMPREHE 3.40 10/17/23 CNY 59.43
HANGZHOU CANAL COMPREHE 3.40 10/17/23 CNY 60.01
HANGZHOU CITY CONSTRUCT 3.80 03/14/23 CNY 40.00
HANGZHOU CITY CONSTRUCT 3.80 03/14/23 CNY 40.18
HANGZHOU FUYANG DEVELOP 7.70 04/28/21 CNY 20.00
HANGZHOU FUYANG DEVELOP 7.70 04/28/21 CNY 29.00
HANGZHOU FUYANG DEVELOP 4.76 01/27/23 CNY 39.29
HANGZHOU FUYANG DEVELOP 4.76 01/27/23 CNY 40.30
HANGZHOU GONGSHU DISTRI 6.90 07/21/21 CNY 20.13
HANGZHOU GONGSHU DISTRI 6.90 07/21/21 CNY 20.40
HANGZHOU METRO GROUP CO 5.97 09/17/24 CNY 62.56
HANGZHOU WEST LAKE INVE 4.30 04/25/23 CNY 40.45
HANGZHOU WEST LAKE INVE 4.30 04/25/23 CNY 60.57
HANGZHOU XIAOSHAN ECO&T 6.90 05/13/21 CNY 17.27
HANGZHOU XIAOSHAN ECO&T 6.90 05/13/21 CNY 20.04
HANGZHOU XIAOSHAN QIANJ 4.00 03/22/23 CNY 39.34
HANGZHOU XIAOSHAN QIANJ 4.00 03/22/23 CNY 40.31
HANJIANG STATE-OWNED-AS 5.40 04/21/24 CNY 61.61
HANJIANG STATE-OWNED-AS 5.40 04/21/24 CNY 61.95
HAWTAI MOTOR GROUP LTD 6.10 10/26/21 CNY 74.00
HEBEI ZHONGYUE CITY CON 4.10 11/16/21 CNY 19.88
HEBEI ZHONGYUE CITY CON 4.10 11/16/21 CNY 19.90
HEBI INVESTMENTS GROUP 7.88 08/01/21 CNY 20.16
HEBI INVESTMENTS GROUP 7.88 08/01/21 CNY 20.99
HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 39.11
HECHI CITY CONSTRUCTION 5.58 11/13/22 CNY 42.42
HECHI STATE-OWNED ASSET 4.37 11/04/23 CNY 58.06
HECHI STATE-OWNED ASSET 4.37 11/04/23 CNY 58.26
HEFEI CONSTRUCTION INVE 7.20 04/29/24 CNY 63.10
HEFEI CONSTRUCTION INVE 7.20 04/29/24 CNY 63.28
HEFEI XINCHENG STATE-OW 4.13 07/15/23 CNY 59.23
HEFEI XINCHENG STATE-OW 4.13 07/15/23 CNY 59.27
HEILONGJIANG HECHENG CO 5.60 11/11/21 CNY 19.89
HEILONGJIANG HECHENG CO 7.05 06/21/22 CNY 30.08
HEISHAN TONGHE ASSET MA 6.79 09/18/22 CNY 39.28
HEISHAN TONGHE ASSET MA 6.79 09/18/22 CNY 39.39
HENAN ENERGY & CHEMICAL 6.98 11/02/21 CNY 55.82
HENGDONG URBAN & RURAL 6.60 12/27/23 CNY 59.74
HENGDONG URBAN & RURAL 6.60 12/27/23 CNY 59.90
HENGYANG BAISHAZHOU DEV 6.87 08/22/21 CNY 20.02
HENGYANG BAISHAZHOU DEV 6.87 08/22/21 CNY 24.50
HENGYANG COMMUNICATION 4.28 01/21/23 CNY 39.65
HENGYANG COMMUNICATION 4.28 01/21/23 CNY 40.00
HESHAN PUBLIC ASSET MAN 4.08 09/28/23 CNY 58.14
HESHAN PUBLIC ASSET MAN 4.08 09/28/23 CNY 59.08
HESHAN PUBLIC ASSET MAN 5.08 12/07/23 CNY 60.27
HESHAN PUBLIC ASSET MAN 5.08 12/07/23 CNY 60.27
HETIAN YUXIN STATE-OWNE 4.65 03/28/23 CNY 38.73
HETIAN YUXIN STATE-OWNE 4.65 03/28/23 CNY 38.78
HEYUAN CITY RUNYE INVES 6.20 12/03/21 CNY 20.23
HEYUAN CITY RUNYE INVES 6.20 12/03/21 CNY 25.88
HEZHOU URBAN CONSTRUCTI 8.16 05/16/21 CNY 20.04
HEZHOU URBAN CONSTRUCTI 8.16 05/16/21 CNY 21.00
HNA GROUP CO LTD 5.99 11/27/22 CNY 24.27
HNA GROUP CO LTD 5.99 11/27/22 CNY 29.10
HNA GROUP CO LTD 7.10 04/15/20 CNY 70.00
HONGHEZHOU DEVELOPMENT 5.90 07/12/24 CNY 72.00
HUACHEN ENERGY CO LTD 6.63 05/18/20 USD 34.50
HUAIAN CITY HUAIAN DIST 4.63 05/03/23 CNY 59.91
HUAIAN CITY HUAIAN DIST 4.63 05/03/23 CNY 60.30
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 21.54
HUAIAN CITY URBAN ASSET 5.70 04/23/22 CNY 40.48
HUAIAN CITY XUYI URBAN 5.10 04/15/23 CNY 39.33
HUAIAN CITY XUYI URBAN 5.10 04/15/23 CNY 39.46
HUAIAN HONGRI TRANSPORT 5.09 04/20/23 CNY 38.52
HUAIAN HONGRI TRANSPORT 5.09 04/20/23 CNY 38.79
HUAIAN HONGZE DISTRICT 4.37 07/18/23 CNY 58.63
HUAIAN HONGZE DISTRICT 4.37 07/18/23 CNY 59.32
HUAI'AN NEW CITY INVEST 6.95 07/28/21 CNY 20.15
HUAI'AN NEW CITY INVEST 6.95 07/28/21 CNY 27.50
HUAIHUA CITY CONSTRUCTI 4.18 08/31/23 CNY 58.02
HUAIHUA CITY CONSTRUCTI 4.18 08/31/23 CNY 58.11
HUAIHUA ECONOMIC DEVELO 6.80 03/26/22 CNY 19.77
HUAIHUA ECONOMIC DEVELO 6.80 03/26/22 CNY 20.00
HUAIHUA TRANSPORTATION 4.96 04/12/23 CNY 39.04
HUAIHUA TRANSPORTATION 4.96 04/12/23 CNY 39.25
HUAINAN URBAN CONSTRUCT 6.79 07/09/21 CNY 20.15
HUAINAN URBAN CONSTRUCT 6.79 07/09/21 CNY 20.26
HUANGGANG CITY CONSTRUC 4.08 01/18/23 CNY 40.25
HUANGSHAN CHENGTOU GROU 5.95 05/06/22 CNY 40.39
HUANGSHAN CHENGTOU GROU 5.95 05/06/22 CNY 40.65
HUANGSHI CIHU HIGH-TECH 4.97 06/08/23 CNY 59.78
HUANGSHI CIHU HIGH-TECH 4.97 06/08/23 CNY 59.92
HUANGSHI CIHU HIGH-TECH 4.50 06/08/23 CNY 60.13
HUANGSHI CIHU HIGH-TECH 4.50 06/08/23 CNY 63.00
HUANGSHI URBAN CONSTRUC 5.99 04/29/22 CNY 40.00
HUANGSHI URBAN CONSTRUC 5.99 04/29/22 CNY 40.40
HUAYANG NEW MATERIAL TE 3.67 02/26/23 CNY 75.00
HUBEI PROVINCE CHANGJIA 6.15 04/03/22 CNY 20.39
HUBEI PROVINCE CHANGJIA 6.15 04/03/22 CNY 22.40
HULUDAO INVESTMENT GROU 7.50 10/18/23 CNY 36.83
HULUDAO INVESTMENT GROU 7.50 10/18/23 CNY 45.80
HULUNBEIER INVESTMENT C 6.31 04/30/22 CNY 39.88
HULUNBEIER INVESTMENT C 6.31 04/30/22 CNY 40.36
HUNAN CHANGDE DEYUAN IN 6.50 06/16/21 CNY 20.06
HUNAN CHANGDE DEYUAN IN 6.50 06/16/21 CNY 20.12
HUNAN CHUZHISHENG HOLDI 5.60 12/18/22 CNY 39.61
HUNAN CHUZHISHENG HOLDI 5.60 12/18/22 CNY 40.56
HUNAN JINYANG INVESTMEN 5.70 11/27/21 CNY 18.60
HUNAN JINYANG INVESTMEN 5.70 11/27/21 CNY 20.01
HUNAN JINYANG INVESTMEN 4.37 01/19/23 CNY 39.45
HUNAN JINYANG INVESTMEN 4.39 04/06/23 CNY 39.58
HUNAN JINYANG INVESTMEN 4.37 01/19/23 CNY 39.59
HUNAN JINYANG INVESTMEN 4.39 04/06/23 CNY 39.77
HUNAN JINYANG NEW CITY 4.43 10/23/22 CNY 40.05
HUNAN LINGANG DEVELOPME 3.94 10/26/23 CNY 57.20
HUNAN LINGANG DEVELOPME 3.94 10/26/23 CNY 57.44
HUNAN LINGANG DEVELOPME 4.24 07/21/23 CNY 57.96
HUNAN LINGANG DEVELOPME 4.24 07/21/23 CNY 58.13
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 19.14
HUNAN LOUDI ECONOMIC & 6.36 03/13/22 CNY 27.00
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 37.23
HUNAN LOUDI ECONOMIC & 4.89 03/30/23 CNY 38.62
HUNAN PROVINCIAL RAILWA 6.09 04/30/25 CNY 70.00
HUNAN PROVINCIAL RAILWA 6.09 04/30/25 CNY 72.38
HUNAN SENTE INDUSTRIAL 6.90 11/28/24 CNY 40.00
HUNAN SHAODONG ECO-INDU 6.58 12/13/23 CNY 60.23
HUNAN SHAODONG ECO-INDU 6.58 12/13/23 CNY 60.24
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 37.93
HUNAN TIER GROUP CO LTD 4.20 03/17/23 CNY 38.33
HUNAN YOUZHOU INVESTMEN 4.80 07/07/23 CNY 59.67
HUNAN YOUZHOU INVESTMEN 4.80 07/07/23 CNY 59.68
HUZHOU URBAN CONSTRUCTI 6.48 08/28/21 CNY 20.13
HUZHOU URBAN CONSTRUCTI 6.48 08/28/21 CNY 22.38
HUZHOU XISAISHAN DEVELO 7.80 04/29/21 CNY 20.00
HUZHOU XISAISHAN DEVELO 7.80 04/29/21 CNY 20.00
INNER MONGOLIA JINLONG 7.30 11/19/22 CNY 39.50
INNER MONGOLIA JINLONG 7.30 11/19/22 CNY 39.78
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 19.35
INNER MONGOLIA KE'ERQIN 6.50 03/11/22 CNY 19.40
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 39.28
INNER MONGOLIA KE'ERQIN 6.45 04/30/22 CNY 40.00
INNER MONGOLIA SHENGXIA 8.18 08/21/21 CNY 20.09
INNER MONGOLIA SHENGXIA 8.18 08/21/21 CNY 24.00
INNER MONGOLIA ZHUNGEER 6.54 12/31/21 CNY 20.40
INNER MONGOLIA ZHUNGEER 6.54 12/31/21 CNY 22.10
JIAN CITY JINGANGSHAN D 7.99 06/03/21 CNY 19.86
JIAN CITY JINGANGSHAN D 7.99 06/03/21 CNY 20.87
JIAN CITY JINGANGSHAN D 4.87 01/27/23 CNY 38.47
JIAN CITY JINGANGSHAN D 4.87 01/27/23 CNY 39.07
JIANAN INVESTMENT HOLDI 6.85 05/23/21 CNY 20.04
JIANAN INVESTMENT HOLDI 6.85 05/23/21 CNY 26.50
JIANAN INVESTMENT HOLDI 4.30 03/08/23 CNY 39.74
JIANAN INVESTMENT HOLDI 4.30 03/08/23 CNY 40.21
JIANAN INVESTMENT HOLDI 3.50 09/05/23 CNY 59.26
JIANAN INVESTMENT HOLDI 3.85 09/05/23 CNY 59.26
JIANAN INVESTMENT HOLDI 3.85 09/05/23 CNY 59.29
JIANAN INVESTMENT HOLDI 3.50 09/05/23 CNY 59.34
JIANGMEN NEW HI-TECH IN 6.03 04/22/22 CNY 20.17
JIANGMEN NEW HI-TECH IN 6.03 04/22/22 CNY 21.10
JIANGSU BEIGU INDUSTRIA 5.80 06/20/23 CNY 59.85
JIANGSU BEIGU INDUSTRIA 5.80 06/20/23 CNY 60.38
JIANGSU DAHANG LINGANG 5.18 09/22/23 CNY 58.56
JIANGSU DAHANG LINGANG 5.18 09/22/23 CNY 58.58
JIANGSU GAOCHUN ECONOMI 3.92 11/23/23 CNY 59.13
JIANGSU GAOCHUN ECONOMI 3.67 09/23/23 CNY 59.28
JIANGSU GAOCHUN ECONOMI 3.67 09/23/23 CNY 59.37
JIANGSU GAOCHUN ECONOMI 3.92 11/23/23 CNY 59.82
JIANGSU HAIRUN CITY DEV 6.22 04/03/22 CNY 20.28
JIANGSU HAIRUN CITY DEV 6.22 04/03/22 CNY 22.20
JIANGSU HAIZHOU DEVELOP 4.67 06/06/23 CNY 60.13
JIANGSU HAIZHOU DEVELOP 4.67 06/06/23 CNY 60.24
JIANGSU HANRUI INVESTME 4.63 04/15/23 CNY 39.96
JIANGSU HANRUI INVESTME 4.63 04/15/23 CNY 40.51
JIANGSU HANRUI INVESTME 5.00 08/31/23 CNY 57.22
JIANGSU HANRUI INVESTME 5.00 08/31/23 CNY 58.15
JIANGSU JINTAN GUOFA IN 6.85 05/30/21 CNY 20.00
JIANGSU JINTAN GUOFA IN 6.85 05/30/21 CNY 20.03
JIANGSU JINTAN GUOFA IN 4.60 08/22/23 CNY 58.37
JIANGSU JINTAN GUOFA IN 4.60 08/22/23 CNY 58.97
JIANGSU NANTONG NO2 CON 8.10 07/10/21 CNY 20.00
JIANGSU NANTONG NO2 CON 8.10 07/10/21 CNY 20.04
JIANGSU RUNCHENG ASSET 5.65 04/19/24 CNY 60.62
JIANGSU RUNCHENG ASSET 5.65 04/19/24 CNY 62.65
JIANGSU RUNQI WANGUO IN 4.14 10/21/21 CNY 29.66
JIANGSU RUNQI WANGUO IN 4.14 10/21/21 CNY 29.94
JIANGSU SUHAI INVESTMEN 7.28 05/29/21 CNY 20.04
JIANGSU SUHAI INVESTMEN 7.28 05/29/21 CNY 25.00
JIANGSU TAICANG PORT DE 7.40 04/28/21 CNY 20.00
JIANGSU TAICANG PORT DE 7.40 04/28/21 CNY 20.02
JIANGSU WUZHONG ECONOMI 5.49 11/19/21 CNY 20.25
JIANGSU WUZHONG ECONOMI 5.49 11/19/21 CNY 20.32
JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 40.48
JIANGSU XISHAN ECONOMIC 5.78 07/20/22 CNY 40.50
JIANGSU YANGKOU PORT CO 6.23 04/10/22 CNY 20.24
JIANGSU YANGKOU PORT CO 6.23 04/10/22 CNY 27.50
JIANGSU YINGZHOU DEVELO 4.33 09/21/23 CNY 57.59
JIANGSU YINGZHOU DEVELO 4.33 09/21/23 CNY 57.75
JIANGSU ZHANGJIAGANG EC 3.95 03/22/23 CNY 40.00
JIANGSU ZHANGJIAGANG EC 3.95 03/22/23 CNY 40.14
JIANGSU ZHONGAN CONSTRU 5.65 03/24/24 CNY 60.91
JIANGSU ZHONGAN CONSTRU 5.65 03/24/24 CNY 62.40
JIANGSU ZHUFU INDUSTRIA 4.47 07/20/23 CNY 56.30
JIANGSU ZHUFU INDUSTRIA 4.47 07/20/23 CNY 58.60
JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 39.40
JIANGXI HEJI INVESTMENT 5.09 12/17/22 CNY 40.00
JIANGXI HUIHENG PROPERT 4.43 08/30/21 CNY 39.85
JIANGXI HUIHENG PROPERT 4.43 08/30/21 CNY 39.98
JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 39.51
JIANGXI LONGHU MOUNTAIN 4.35 03/16/23 CNY 39.52
JIANGXI PINGXIANG CHANG 6.00 08/11/24 CNY 60.00
JIANGYOU HONGFEI INVEST 6.55 09/02/22 CNY 39.86
JIANGYOU HONGFEI INVEST 6.55 09/02/22 CNY 40.31
JIANHU COUNTY DEVELOPME 7.29 09/25/21 CNY 20.01
JIANHU COUNTY DEVELOPME 7.29 09/25/21 CNY 22.75
JIANHU URBAN CONSTRUCTI 6.30 06/01/22 CNY 39.78
JIANHU URBAN CONSTRUCTI 3.28 10/13/21 CNY 39.82
JIANHU URBAN CONSTRUCTI 3.28 10/13/21 CNY 41.00
JIANHU URBAN CONSTRUCTI 6.30 06/01/22 CNY 42.86
JIANYANG DEVELOPMENT HO 3.93 11/10/23 CNY 57.14
JIANYANG DEVELOPMENT HO 3.93 11/10/23 CNY 57.50
JIANYANG MODERN INDUSTR 6.00 04/24/24 CNY 60.32
JIAXING XIANGJIADANG DE 3.87 09/21/23 CNY 57.71
JIAXING XIANGJIADANG DE 4.13 07/20/23 CNY 58.56
JIAXING XIANGJIADANG DE 3.87 09/21/23 CNY 58.80
JIAXING XIANGJIADANG DE 4.13 07/20/23 CNY 59.35
JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 39.99
JIAYU COUNTY URBAN TOWN 5.70 01/19/23 CNY 40.18
JIAYU COUNTY URBAN TOWN 5.70 03/23/24 CNY 60.43
JIAYU COUNTY URBAN TOWN 5.70 03/23/24 CNY 60.44
JIAYU COUNTY URBAN TOWN 6.50 01/19/24 CNY 60.79
JIAYU COUNTY URBAN TOWN 6.50 01/19/24 CNY 61.16
JIAYUGUAN CITY INFRASTR 7.83 09/23/21 CNY 20.00
JIAYUGUAN CITY INFRASTR 7.83 09/23/21 CNY 20.01
JIEYANG CITY INVESTMENT 6.55 08/27/21 CNY 20.14
JIEYANG CITY INVESTMENT 6.55 08/27/21 CNY 20.25
JILIN CITY CONSTRUCTION 3.80 01/27/23 CNY 39.28
JILIN ECONOMIC AND TECH 6.20 04/29/23 CNY 59.65
JILIN ECONOMIC AND TECH 6.20 04/29/23 CNY 59.89
JILIN NORTHEAST SOCK IN 7.50 05/19/22 CNY 70.31
JINAN CITY LICHENG DIST 5.00 06/23/22 CNY 39.51
JINAN CITY LICHENG DIST 5.00 06/23/22 CNY 40.29
JINAN HI-TECH HOLDING G 6.38 06/19/21 CNY 20.07
JINAN HI-TECH HOLDING G 6.38 06/19/21 CNY 20.20
JINCHANG CONSTRUCTION I 6.79 12/21/22 CNY 20.00
JINCHANG CONSTRUCTION I 6.79 12/21/22 CNY 39.97
JINCHENG STATE-OWNED CA 4.99 11/11/21 CNY 20.00
JINCHENG STATE-OWNED CA 4.99 11/11/21 CNY 20.10
JINGDEZHEN CERAMIC CULT 5.38 11/27/22 CNY 39.85
JINGDEZHEN CERAMIC CULT 5.38 11/27/22 CNY 40.00
JINGHONG STATE-OWNED AS 8.08 05/23/21 CNY 20.00
JINGHONG STATE-OWNED AS 8.08 05/23/21 CNY 20.04
JINGJIANG CITY INVESTME 4.55 03/30/23 CNY 39.22
JINGJIANG CITY INVESTME 4.55 03/30/23 CNY 39.43
JINGJIANG HARBOUR GROUP 7.30 08/05/21 CNY 19.98
JINGJIANG HARBOUR GROUP 7.30 08/05/21 CNY 20.16
JINGMEN CITY CONSTRUCTI 6.85 07/09/22 CNY 30.00
JINGMEN CITY CONSTRUCTI 6.85 07/09/22 CNY 30.51
JINGMEN HIGH-TECH DEVEL 5.48 08/11/22 CNY 39.80
JINGMEN HIGH-TECH DEVEL 5.48 08/11/22 CNY 40.09
JINGMEN HIGH-TECH DEVEL 4.15 07/28/23 CNY 58.34
JINGMEN HIGH-TECH DEVEL 4.15 07/28/23 CNY 58.98
JINGSHAN JINGCHENG INVE 4.38 08/29/23 CNY 58.68
JINGSHAN JINGCHENG INVE 4.38 08/29/23 CNY 60.02
JINGZHOU DEVELOPMENT ZO 4.87 09/23/26 CNY 75.19
JINGZHOU URBAN CONSTRUC 3.97 03/10/23 CNY 39.06
JINGZHOU URBAN CONSTRUC 3.97 03/10/23 CNY 39.95
JINHU COUNTY STATE-OWNE 7.75 08/25/21 CNY 20.16
JINHU COUNTY STATE-OWNE 7.75 08/25/21 CNY 21.33
JINHU COUNTY STATE-OWNE 4.00 07/26/22 CNY 49.72
JINHU COUNTY STATE-OWNE 4.00 07/26/22 CNY 50.12
JINING CITY SHIZHONG DI 6.39 01/29/22 CNY 20.08
JINING CITY SHIZHONG DI 6.39 01/29/22 CNY 24.44
JINING CITY SHIZHONG DI 3.52 09/14/23 CNY 58.43
JINING CITY SHIZHONG DI 3.52 09/14/23 CNY 59.36
JINING HIGH TECH URBAN 6.09 04/30/22 CNY 40.30
JINING HIGH TECH URBAN 6.09 04/30/22 CNY 41.50
JINING HIGH TECH URBAN 5.88 04/25/23 CNY 70.83
JINSHA COUNTY CONSTRUCT 6.01 09/05/23 CNY 59.72
JINSHA COUNTY CONSTRUCT 6.01 09/05/23 CNY 59.73
JINTANG MODERN AGRICULT 5.49 07/14/23 CNY 58.79
JINTANG MODERN AGRICULT 5.49 07/14/23 CNY 59.00
JINZHAI URBAN DEVELOPME 5.90 04/25/23 CNY 40.90
JINZHAI URBAN DEVELOPME 5.90 04/25/23 CNY 40.91
JINZHOU CITY INVESTMENT 6.44 08/18/21 CNY 19.95
JINZHOU CITY INVESTMENT 6.44 08/18/21 CNY 24.91
JISHOU HUATAI STATE OWN 7.18 02/09/22 CNY 20.03
JISHOU HUATAI STATE OWN 7.18 02/09/22 CNY 22.82
JIUJIANG CITY CONSTRUCT 5.50 05/22/22 CNY 39.55
JIUJIANG CITY CONSTRUCT 5.50 05/22/22 CNY 40.39
JIUJIANG LAND INVESTMEN 6.20 03/23/22 CNY 20.36
JIUJIANG LAND INVESTMEN 6.20 03/23/22 CNY 20.42
JIUJIANG LIANXI DISTRIC 4.58 03/30/23 CNY 39.58
JIUJIANG LIANXI DISTRIC 4.58 03/30/23 CNY 39.68
JIXI STATE OWN ASSET MA 6.87 01/19/22 CNY 19.54
JIXI STATE OWN ASSET MA 6.87 01/19/22 CNY 20.85
KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 19.92
KAIFENG URBAN OPERATION 6.35 03/23/22 CNY 19.92
KAIFU CITY DEVELOPMENT 4.20 01/21/23 CNY 38.50
KAIFU CITY DEVELOPMENT 4.20 01/21/23 CNY 39.95
KAIFU CITY DEVELOPMENT 3.73 08/22/23 CNY 59.14
KAIFU CITY DEVELOPMENT 3.73 08/22/23 CNY 59.49
KAILI GUIZHOU TOWN CONS 5.29 12/17/22 CNY 38.70
KAILI GUIZHOU TOWN CONS 5.29 12/17/22 CNY 40.00
KAILI GUIZHOU TOWN CONS 4.20 10/13/23 CNY 56.34
KAILI GUIZHOU TOWN CONS 4.20 10/13/23 CNY 56.92
KANGMEI PHARMACEUTICAL 5.50 04/20/21 CNY 5.28
KANGMEI PHARMACEUTICAL 6.80 06/28/21 CNY 5.63
KANGMEI PHARMACEUTICAL 6.28 03/20/21 CNY 20.50
KANGMEI PHARMACEUTICAL 6.10 03/28/21 CNY 20.50
KANGMEI PHARMACEUTICAL 5.20 07/17/22 CNY 20.50
KANGMEI PHARMACEUTICAL 5.29 08/16/22 CNY 20.50
KANGMEI PHARMACEUTICAL 5.47 09/15/22 CNY 20.50
KANGMEI PHARMACEUTICAL 7.00 06/21/21 CNY 20.69
KANGMEI PHARMACEUTICAL 6.33 01/27/22 CNY 36.69
KASHI URBAN CONSTRUCTIO 5.80 07/20/22 CNY 39.74
KASHI URBAN CONSTRUCTIO 5.80 07/20/22 CNY 40.00
KUNMING DONGJUN REAL ES 4.50 11/02/21 CNY 24.70
KUNSHAN COMMUNICATION D 6.95 05/22/21 CNY 20.07
KUNSHAN COMMUNICATION D 6.95 05/22/21 CNY 25.45
LANZHOU STATE OWNED ASS 6.32 09/10/21 CNY 14.90
LANZHOU STATE OWNED ASS 6.32 09/10/21 CNY 19.90
LAOHEKOU CITY CONSTRUCT 6.75 08/12/22 CNY 39.82
LAOHEKOU CITY CONSTRUCT 6.75 08/12/22 CNY 39.94
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 20.58
LEIYANG CITY AND RURAL 7.80 04/10/22 CNY 20.58
LEPING STATE-OWNED ASSE 3.70 10/20/23 CNY 58.50
LEPING STATE-OWNED ASSE 3.70 10/20/23 CNY 59.04
LEQING CITY STATE OWNED 5.99 10/20/21 CNY 20.21
LEQING CITY STATE OWNED 5.99 10/20/21 CNY 20.85
LESHAN STATE-OWNED ASSE 5.68 10/22/21 CNY 20.00
LESHAN STATE-OWNED ASSE 5.68 10/22/21 CNY 20.20
LIANYUNGANG TRANSPORT G 5.47 11/17/21 CNY 20.21
LIANYUNGANG TRANSPORT G 5.47 11/17/21 CNY 25.00
LIAOCHENG ANTAI URBAN R 4.58 04/11/23 CNY 38.82
LIAOCHENG ANTAI URBAN R 5.16 04/11/23 CNY 39.11
LIAOCHENG ANTAI URBAN R 5.16 04/11/23 CNY 39.15
LIAOCHENG ANTAI URBAN R 4.58 04/11/23 CNY 39.84
LIAOCHENG XINGYE ECONOM 5.20 04/13/23 CNY 38.94
LIAOCHENG XINGYE ECONOM 5.20 04/13/23 CNY 38.99
LIAONING GUANLONG CONST 4.70 11/10/23 CNY 58.17
LIAONING GUANLONG CONST 4.70 11/10/23 CNY 58.21
LIAONING YAODU DEVELOPM 6.50 04/29/23 CNY 59.99
LILING HIGH-TECH INDUST 4.93 01/19/23 CNY 38.81
LILING HIGH-TECH INDUST 4.93 01/19/23 CNY 39.80
LINFEN YAODU DISTRICT I 7.19 03/13/22 CNY 20.02
LINYI CITY DEVELOPMENT 3.85 11/22/23 CNY 59.48
LINYI CITY DEVELOPMENT 3.85 11/22/23 CNY 60.04
LISHUI CITY CULTURAL TO 5.67 08/13/22 CNY 40.51
LISHUI CITY CULTURAL TO 5.67 08/13/22 CNY 40.55
LIUPANSHUI DEVELOPMENT 3.74 01/20/23 CNY 38.70
LIUPANSHUI DEVELOPMENT 3.74 01/20/23 CNY 39.74
LIUPANSHUI MINSHENG INV 5.08 01/29/23 CNY 38.10
LIUPANSHUI MINSHENG INV 5.08 01/29/23 CNY 39.19
LIUYANG MODERN MANUFACT 4.72 01/19/23 CNY 39.53
LIUYANG MODERN MANUFACT 4.72 01/19/23 CNY 39.71
LIUYANG URBAN CONSTRUCT 6.98 08/22/21 CNY 16.77
LIUYANG URBAN CONSTRUCT 6.98 08/22/21 CNY 20.20
LIUYANG URBAN CONSTRUCT 4.45 05/24/23 CNY 60.17
LIUYANG URBAN CONSTRUCT 4.45 05/24/23 CNY 60.38
LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 29.40
LIUZHOU CITY INVESTMENT 7.18 12/31/22 CNY 29.90
LIUZHOU DONGTONG INVEST 4.45 07/22/23 CNY 57.64
LIUZHOU DONGTONG INVEST 4.45 07/22/23 CNY 57.81
LIUZHOU INVESTMENT HOLD 4.28 03/08/23 CNY 38.84
LIUZHOU INVESTMENT HOLD 4.28 03/08/23 CNY 39.75
LIUZHOU LONGJIAN INVEST 8.28 04/30/24 CNY 49.58
LIUZHOU LONGJIAN INVEST 8.28 04/30/24 CNY 61.46
LIYANG KUNLUN URBAN CON 5.90 10/24/21 CNY 18.00
LIYANG KUNLUN URBAN CON 5.90 10/24/21 CNY 20.20
LONGHAI STATE-OWNED ASS 6.58 08/15/21 CNY 20.08
LONGYAN RAILWAY CONSTRU 4.98 04/13/23 CNY 39.05
LONGYAN RAILWAY CONSTRU 4.98 04/13/23 CNY 39.78
LOUDI TIDU INVESTMENT D 7.18 08/27/21 CNY 20.00
LOUDI TIDU INVESTMENT D 7.18 08/27/21 CNY 20.07
LOUDI TIDU INVESTMENT D 4.83 01/20/23 CNY 39.43
LOUDI TIDU INVESTMENT D 4.83 01/20/23 CNY 39.75
LOUDI WANBAO NEW DISTRI 5.13 02/01/23 CNY 39.01
LOUDI WANBAO NEW DISTRI 5.13 02/01/23 CNY 39.25
LOUDI WANBAO NEW DISTRI 4.42 08/01/23 CNY 57.63
LOUDI WANBAO NEW DISTRI 4.42 08/01/23 CNY 58.28
LU'AN CITY CONSTRUCTION 5.05 04/26/21 CNY 50.01
LUJIANG CITY CONSTRUCTI 6.70 04/16/22 CNY 20.00
LUJIANG CITY CONSTRUCTI 6.70 04/16/22 CNY 20.49
LUOYANG CITY COUNTRY CO 4.28 04/26/23 CNY 36.67
LUOYANG CITY COUNTRY CO 4.28 04/26/23 CNY 39.79
LUOYANG CITY DEVELOPMEN 4.47 12/02/22 CNY 40.00
LUOYANG CITY DEVELOPMEN 4.47 12/02/22 CNY 40.18
LUZHOU FUYANG INVESTMEN 5.00 08/11/23 CNY 59.79
LUZHOU FUYANG INVESTMEN 5.00 08/11/23 CNY 59.80
LUZHOU XINGLU INVESTMEN 6.41 04/23/25 CNY 60.00
LUZHOU XINGLU INVESTMEN 6.41 04/23/25 CNY 73.49
LUZHOU XINGYANG INVESTM 4.87 01/28/23 CNY 39.25
LUZHOU XINGYANG INVESTM 4.87 01/28/23 CNY 39.34
MA'ANSHAN CIHU HIGH TEC 6.85 09/09/21 CNY 20.19
MA'ANSHAN CIHU HIGH TEC 6.85 09/09/21 CNY 23.00
MA'ANSHAN CIHU HIGH TEC 3.90 11/28/23 CNY 59.19
MA'ANSHAN CIHU HIGH TEC 3.90 11/28/23 CNY 60.40
MAANSHAN ECONOMIC TECHN 6.49 03/06/22 CNY 20.11
MAANSHAN ECONOMIC TECHN 6.49 03/06/22 CNY 24.99
MAANSHAN HUASHAN DISTRI 6.07 04/20/22 CNY 16.93
MAANSHAN HUASHAN DISTRI 6.07 04/20/22 CNY 19.88
MAANSHAN NINGBO INVESTM 7.50 04/18/26 CNY 40.00
MAANSHAN SOUTHERN INDUS 4.53 07/25/23 CNY 57.83
MAANSHAN SOUTHERN INDUS 4.43 09/02/23 CNY 58.22
MAANSHAN SOUTHERN INDUS 4.53 07/25/23 CNY 58.39
MAANSHAN SOUTHERN INDUS 4.43 09/02/23 CNY 58.50
MEISHAN CITY DONGPO DEV 5.90 06/30/23 CNY 58.37
MEISHAN CITY DONGPO DEV 5.90 06/30/23 CNY 58.57
MEISHAN HONGDA CONSTRUC 4.18 03/28/23 CNY 38.80
MEISHAN HONGDA CONSTRUC 4.18 03/28/23 CNY 38.90
MEIZHOU CITY XIN JIN YE 6.02 04/22/22 CNY 20.40
MEIZHOU CITY XIN JIN YE 6.02 04/22/22 CNY 25.32
MEIZHOU MEI COUNTY DIST 5.00 12/30/22 CNY 39.80
MEIZHOU MEI COUNTY DIST 5.00 12/30/22 CNY 40.00
MUDANJIANG AREA URBAN D 6.48 06/30/22 CNY 39.84
MUDANJIANG AREA URBAN D 6.48 06/30/22 CNY 45.00
MUNICIPALITY OF SHENZHE 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZHE 3.00 03/29/22 CNY 20.00
MUNICIPALITY OF SHENZHE 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZHE 3.37 03/29/26 CNY 69.66
MUNICIPALITY OF SHENZHE 3.37 03/29/26 CNY 70.12
MUNICIPALITY OF SHENZHE 3.37 03/29/26 CNY 75.00
MUNICIPALITY OF SHENZHE 3.37 03/29/26 CNY 75.00
NANCHANG ECONOMY TECHNO 3.83 09/22/23 CNY 59.21
NANCHANG ECONOMY TECHNO 3.83 09/22/23 CNY 59.73
NANCHONG AIRPORT INVEST 6.80 01/26/22 CNY 19.95
NANCHONG AIRPORT INVEST 6.80 01/26/22 CNY 19.99
NANJING BAIXIA STATE-OW 3.98 03/29/23 CNY 40.11
NANJING BAIXIA STATE-OW 3.98 03/29/23 CNY 40.24
NANJING HEXI NEW TOWN A 3.20 07/22/21 CNY 39.76
NANJING JIANGNING ECONO 7.94 04/14/24 CNY 39.91
NANJING JIANGNING ECONO 7.94 04/14/24 CNY 48.10
NANJING JIANGNING URBAN 3.48 11/11/23 CNY 59.71
NANJING JIANGNING URBAN 3.48 11/11/23 CNY 59.84
NANJING JIANYE SCIENCE 4.37 06/24/23 CNY 59.84
NANJING JIANYE SCIENCE 4.37 06/24/23 CNY 60.16
NANJING LISHUI ECONOMIC 6.27 09/22/21 CNY 20.09
NANJING LISHUI ECONOMIC 6.27 09/22/21 CNY 21.29
NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 59.37
NANJING LISHUI ECONOMIC 3.41 11/09/23 CNY 59.50
NANJING LISHUI URBAN CO 4.97 04/28/23 CNY 59.16
NANJING LISHUI URBAN CO 4.97 04/28/23 CNY 59.95
NANJING METRO GROUP CO 3.29 08/29/23 CNY 59.50
NANJING METRO GROUP CO 3.29 08/29/23 CNY 60.03
NANJING QIXIA STATE-OWN 4.10 06/24/23 CNY 60.05
NANJING QIXIA STATE-OWN 4.10 06/24/23 CNY 60.40
NANJING STATE OWNED ASS 5.60 03/06/23 CNY 30.77
NANJING STATE OWNED ASS 5.60 03/06/23 CNY 30.85
NANJING TANGSHAN CONSTR 6.80 06/30/21 CNY 20.12
NANJING TANGSHAN CONSTR 6.80 06/30/21 CNY 26.80
NANNING HI-TECH INDUSTR 4.28 03/25/23 CNY 35.20
NANNING HI-TECH INDUSTR 4.28 03/25/23 CNY 39.50
NANNING HI-TECH INDUSTR 3.82 10/20/23 CNY 57.56
NANNING HI-TECH INDUSTR 3.82 10/20/23 CNY 58.74
NANNING LVGANG CONSTRUC 7.30 06/27/21 CNY 20.06
NANNING LVGANG CONSTRUC 7.30 06/27/21 CNY 24.80
NANPING CITY WUYI NEW D 4.96 09/28/22 CNY 40.16
NANPING CITY WUYI NEW D 4.96 09/28/22 CNY 40.20
NANTONG CHONGCHUAN URBA 5.70 07/21/22 CNY 70.00
NANTONG CHONGCHUAN URBA 5.70 07/21/22 CNY 70.75
NANTONG CITY TONGZHOU D 4.88 04/10/24 CNY 50.51
NANTONG CITY TONGZHOU D 3.75 07/07/23 CNY 59.90
NANTONG CITY TONGZHOU D 3.75 07/07/23 CNY 59.93
NANTONG CITY TONGZHOU D 4.88 04/10/24 CNY 61.17
NANTONG CITY XINGCHUAN 3.80 09/06/21 CNY 39.84
NANTONG CITY XINGCHUAN 3.80 09/06/21 CNY 40.01
NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 40.21
NANTONG HIGH TECHNOLOGY 5.00 10/19/22 CNY 41.52
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 19.95
NANTONG SUTONG SCIENCE 6.20 03/18/22 CNY 20.00
NANYANG HIGH-TECH DISTR 6.45 04/29/23 CNY 59.68
NANYANG HIGH-TECH DISTR 6.45 04/29/23 CNY 60.71
NANZHANG COUNTY CONSTRU 6.00 01/20/24 CNY 59.92
NANZHANG COUNTY CONSTRU 6.00 01/20/24 CNY 61.22
NEIJIANG CITY XINGYUAN 4.28 08/16/23 CNY 57.69
NEIJIANG CITY XINGYUAN 4.28 08/16/23 CNY 58.04
NEIJIANG STATE-OWNED AS 6.20 04/12/23 CNY 39.35
NEIJIANG STATE-OWNED AS 6.20 04/12/23 CNY 39.51
NEIJINAG CONSTRUCTION E 5.03 12/25/22 CNY 36.36
NEIJINAG CONSTRUCTION E 5.03 12/25/22 CNY 39.50
NEOGLORY HOLDING GROUP 8.00 10/22/20 CNY 56.00
NEOGLORY HOLDING GROUP 8.00 09/25/20 CNY 60.00
NEOGLORY HOLDING GROUP 8.10 11/23/18 CNY 72.00
NINGBO CITY ZHENHAI INV 5.85 12/04/21 CNY 20.15
NINGBO CITY ZHENHAI INV 5.85 12/04/21 CNY 20.17
NINGBO FENGHUA INVESTME 4.58 03/28/22 CNY 50.00
NINGBO FENGHUA INVESTME 4.58 03/28/22 CNY 50.38
NINGBO MEISHAN ISLAND D 6.27 03/23/22 CNY 20.20
NINGBO MEISHAN ISLAND D 6.27 03/23/22 CNY 28.29
NINGGUO CITY STATE OWNE 8.70 04/28/21 CNY 20.00
NINGGUO CITY STATE OWNE 8.70 04/28/21 CNY 20.00
NINGXIA SHENG YAN INDUS 7.50 09/27/23 CNY 42.45
NINGXIANG CITY CONSTRUC 6.70 01/20/22 CNY 20.20
NINGXIANG CITY CONSTRUC 6.70 01/20/22 CNY 20.37
NINGXIANG ECONOMIC TECH 3.87 01/27/23 CNY 39.79
NINGXIANG ECONOMIC TECH 3.87 01/27/23 CNY 40.00
NINGXIANG STATE-OWNED A 3.88 11/02/23 CNY 57.98
NINGXIANG STATE-OWNED A 3.88 11/02/23 CNY 58.12
NINGXIANG STATE-OWNED A 4.89 06/03/23 CNY 58.76
NINGXIANG STATE-OWNED A 4.89 06/03/23 CNY 58.91
ONE BELT ONE ROAD JIANG 4.70 07/15/23 CNY 60.17
ONE BELT ONE ROAD JIANG 4.70 07/15/23 CNY 60.18
PANJIN WATER GROUP CO L 5.18 10/28/23 CNY 57.30
PANJIN WATER GROUP CO L 5.18 10/28/23 CNY 58.99
PANSHAN COUNTY STATE-OW 7.48 01/21/22 CNY 20.17
PANSHAN COUNTY STATE-OW 7.48 01/21/22 CNY 20.17
PANZHIHUA STATE OWNED A 8.18 03/13/22 CNY 20.20
PANZHIHUA STATE OWNED A 8.18 03/13/22 CNY 20.53
PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 40.00
PEIXIAN CITY INVESTMENT 5.20 11/10/22 CNY 40.13
PEKING UNIVERSITY FOUND 6.20 05/31/20 CNY 11.00
PEKING UNIVERSITY FOUND 6.15 07/23/20 CNY 11.00
PEKING UNIVERSITY FOUND 6.30 09/12/20 CNY 11.00
PEKING UNIVERSITY FOUND 4.80 07/26/21 CNY 11.00
PEKING UNIVERSITY FOUND 6.10 08/22/21 CNY 11.00
PEKING UNIVERSITY FOUND 5.99 11/02/21 CNY 11.00
PEKING UNIVERSITY FOUND 5.80 01/28/22 CNY 11.00
PEKING UNIVERSITY FOUND 6.68 08/09/23 CNY 11.00
PEKING UNIVERSITY FOUND 6.50 11/16/23 CNY 11.00
PEKING UNIVERSITY FOUND 6.30 03/04/24 CNY 11.00
PENGZHOU STATE-PENGZHOU 3.95 10/20/23 CNY 56.69
PENGZHOU STATE-PENGZHOU 3.95 10/20/23 CNY 57.60
PINGHU CITY INVESTMENT 5.13 04/29/23 CNY 60.23
PINGHU CITY INVESTMENT 5.13 04/29/23 CNY 60.62
PINGLIANG CULTURAL & TO 6.85 11/30/22 CNY 36.00
PINGLIANG CULTURAL & TO 6.85 11/30/22 CNY 40.02
PINGTAN COMPREHENSIVE P 3.92 01/29/23 CNY 39.64
PINGTAN COMPREHENSIVE P 3.92 01/29/23 CNY 40.10
PINGXIANG CHANGXING INV 5.26 04/11/23 CNY 38.83
PINGXIANG CHANGXING INV 5.26 04/11/23 CNY 39.37
PINGXIANG HUIFENG INVES 6.60 01/26/22 CNY 19.96
PINGXIANG HUIFENG INVES 6.60 01/26/22 CNY 20.54
PINGYANG STATE-OWNED AS 4.97 01/08/23 CNY 40.00
PINGYANG STATE-OWNED AS 4.97 01/08/23 CNY 40.30
PIZHOU CITY HENGRUN INV 6.46 12/05/21 CNY 20.25
PIZHOU CITY HENGRUN INV 6.46 12/05/21 CNY 22.46
PIZHOU ECONOMIC DEVELOP 5.00 10/29/22 CNY 39.50
PIZHOU ECONOMIC DEVELOP 5.00 10/29/22 CNY 40.00
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 25.17
PUTIAN HIGH TECHNOLOGY 5.90 05/03/22 CNY 25.19
QIANAN URBAN CONSTRUCTI 7.19 08/11/21 CNY 20.00
QIANAN URBAN CONSTRUCTI 7.19 08/11/21 CNY 20.09
QIANAN XINGYUAN WATER I 6.25 04/22/22 CNY 20.38
QIANAN XINGYUAN WATER I 6.25 04/22/22 CNY 40.36
QIANDONGNAN TRANSPORTAT 5.79 12/21/22 CNY 37.20
QIANDONGNAN TRANSPORTAT 5.79 12/21/22 CNY 38.05
QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 64.49
QIANDONGNANZHOU KAIHONG 5.30 09/22/26 CNY 64.59
QIANJIANG URBAN CONSTRU 5.19 12/21/22 CNY 39.77
QIANJIANG URBAN CONSTRU 5.19 12/21/22 CNY 40.00
QIANNAN AUTONOMOUS PREF 6.99 04/19/24 CNY 58.13
QIANNAN AUTONOMOUS PREF 6.99 04/19/24 CNY 58.26
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 19.00
QIANNANZHOU INVESTMENT 6.43 03/09/22 CNY 19.41
QIANNANZHOU INVESTMENT 6.77 07/28/24 CNY 71.75
QIANXINAN AUTONOMOUS RE 5.90 06/22/23 CNY 59.33
QIANXINAN AUTONOMOUS RE 5.90 06/22/23 CNY 59.43
QICHUN COUNTY CONSTRUCT 4.96 10/18/23 CNY 58.17
QICHUN COUNTY CONSTRUCT 4.96 10/18/23 CNY 58.25
QIDONG COMMUNICATIONS I 4.00 03/18/23 CNY 39.85
QIDONG COMMUNICATIONS I 4.00 03/18/23 CNY 39.95
QIDONG STATE-OWNED ASSE 7.30 11/20/22 CNY 30.87
QIDONG STATE-OWNED ASSE 7.30 11/20/22 CNY 31.00
QIDONG STATE-OWNED ASSE 4.00 03/09/23 CNY 39.72
QIDONG STATE-OWNED ASSE 4.00 03/09/23 CNY 40.28
QIDONG URBAN CONSTRUCTI 7.90 04/28/21 CNY 20.00
QIHE CITY OPERATION CON 5.10 03/07/23 CNY 39.14
QIHE CITY OPERATION CON 5.10 03/07/23 CNY 39.62
QINGDAO CHANGYANG INVES 3.73 09/12/23 CNY 57.62
QINGDAO CHANGYANG INVES 3.73 09/12/23 CNY 58.20
QINGDAO CONSON DEVELOPM 6.40 12/12/22 CNY 30.76
QINGDAO CONSON DEVELOPM 6.40 12/12/22 CNY 31.05
QINGDAO HICREAT DEVELOP 6.88 04/25/21 CNY 20.00
QINGDAO HICREAT DEVELOP 6.88 04/25/21 CNY 21.13
QINGDAO JIAOZHOU BAY DE 6.33 09/18/21 CNY 20.23
QINGDAO JIAOZHOU BAY DE 6.33 09/18/21 CNY 21.30
QINGDAO JIMO CITY TOURI 5.47 11/17/21 CNY 20.17
QINGDAO JIMO CITY TOURI 5.47 11/17/21 CNY 20.40
QINGDAO OCEAN INVESTMEN 4.36 05/12/23 CNY 60.05
QINGDAO OCEAN INVESTMEN 4.36 05/12/23 CNY 60.06
QINGDAO WEST COAST DEVE 4.26 06/06/23 CNY 59.60
QINGDAO WEST COAST DEVE 4.26 06/06/23 CNY 60.25
QINGHAI PROVINCIAL INVE 7.88 03/22/21 USD 30.00
QINGHAI PROVINCIAL INVE 7.25 02/22/20 USD 30.00
QINGHAI PROVINCIAL INVE 6.40 07/10/21 USD 33.88
QINGHAI STATE-OWNED ASS 5.40 05/21/23 CNY 32.88
QINGHAI STATE-OWNED ASS 6.38 08/14/28 CNY 36.00
QINGHAI STATE-OWNED ASS 7.20 11/25/28 CNY 36.00
QINGHAI STATE-OWNED ASS 6.70 10/10/29 CNY 36.00
QINGHAI STATE-OWNED ASS 5.90 12/17/22 CNY 36.10
QINGZHOU CITY CONSTRUCT 6.80 08/25/24 CNY 65.01
QINGZHOU HONGYUAN PUBLI 7.59 05/29/21 CNY 20.01
QINHUANGDAO CITY DEVELO 4.69 04/14/23 CNY 38.88
QINHUANGDAO CITY DEVELO 4.69 04/14/23 CNY 40.38
QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 57.33
QINHUANGDAO DEVELOPMENT 4.07 08/26/23 CNY 57.97
QINZHOU BINHAI NEW CITY 6.99 07/07/21 CNY 20.00
QINZHOU BINHAI NEW CITY 6.99 07/07/21 CNY 20.01
QIONGLAI CITY CONSTRUCT 6.98 03/25/22 CNY 20.27
QIONGLAI CITY CONSTRUCT 6.98 03/25/22 CNY 20.80
QUANJIAO URBAN INFRASTR 5.10 05/18/23 CNY 59.85
QUANJIAO URBAN INFRASTR 5.10 05/18/23 CNY 59.88
QUJING CITY QILIN DISTR 5.37 11/26/22 CNY 39.42
QUJING CITY QILIN DISTR 5.37 11/26/22 CNY 41.95
QUJING DEVELOPMENT INVE 7.48 04/28/21 CNY 20.00
QUJING DEVELOPMENT INVE 7.48 04/28/21 CNY 22.55
QUJING ECO TECH DEVELOP 7.48 07/21/21 CNY 19.92
QUJING ECO TECH DEVELOP 7.48 07/21/21 CNY 20.02
QUJING ECO TECH DEVELOP 5.75 06/01/23 CNY 59.00
QUJING ECO TECH DEVELOP 5.75 06/01/23 CNY 59.35
RENHUAI CITY DEVELOPMEN 8.09 05/16/21 CNY 20.03
RENHUAI CITY DEVELOPMEN 8.09 05/16/21 CNY 20.04
RENHUAI CITY DEVELOPMEN 5.12 04/14/23 CNY 38.55
RENHUAI CITY DEVELOPMEN 5.12 04/14/23 CNY 38.56
RENQIU CONSTRUCTION INV 5.68 11/18/22 CNY 40.26
RENQIU CONSTRUCTION INV 5.68 11/18/22 CNY 41.09
RENSHOU DEVELOPMENT OF 6.42 12/22/22 CNY 38.47
RENSHOU DEVELOPMENT OF 6.42 12/22/22 CNY 40.00
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 8.00 07/15/21 CNY 43.89
RIZHAO CITY CONSTRUCTIO 3.98 12/07/22 CNY 39.72
RIZHAO CITY CONSTRUCTIO 3.98 12/07/22 CNY 39.78
RUCHENG COUNTY URBAN CO 5.69 02/23/24 CNY 71.67
RUCHENG COUNTY URBAN CO 5.69 02/23/24 CNY 71.68
RUDONG COUNTY DONGTAI S 6.99 06/20/21 CNY 20.05
RUDONG COUNTY DONGTAI S 6.99 06/20/21 CNY 25.90
RUDONG COUNTY JINXIN TR 4.57 07/26/23 CNY 59.53
RUDONG COUNTY JINXIN TR 3.80 07/26/23 CNY 59.65
RUDONG COUNTY JINXIN TR 3.80 07/26/23 CNY 59.69
RUDONG COUNTY JINXIN TR 4.57 07/26/23 CNY 60.10
RUDONG COUNTY KAITAI CI 4.57 01/08/23 CNY 40.11
RUDONG NEW WORLD INVEST 4.37 07/18/23 CNY 58.31
RUDONG NEW WORLD INVEST 4.37 07/18/23 CNY 58.68
RUGAO COMMUNICATIONS CO 3.74 03/23/23 CNY 40.07
RUGAO COMMUNICATIONS CO 3.74 03/23/23 CNY 40.13
RUGAO ECONOMIC & TRADE 3.95 03/24/23 CNY 39.58
RUGAO ECONOMIC & TRADE 3.95 03/24/23 CNY 39.76
RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 39.66
RUIAN STATE OWNED ASSET 4.56 01/27/23 CNY 40.35
RUICHANG CITY INVESTMEN 5.68 03/25/23 CNY 38.78
RUICHANG CITY INVESTMEN 5.68 03/25/23 CNY 40.21
RUICHANG CITY INVESTMEN 5.50 06/17/23 CNY 58.98
RUICHANG CITY INVESTMEN 5.50 06/17/23 CNY 60.14
RUIJIN URBAN DEVELOPMEN 4.13 09/06/23 CNY 58.78
RUIJIN URBAN DEVELOPMEN 4.13 09/06/23 CNY 58.82
RUZHOU CITY XINYUAN INV 6.30 09/16/21 CNY 24.00
RUZHOU CITY XINYUAN INV 6.30 09/16/21 CNY 24.83
RUZHOU CITY XINYUAN INV 4.43 09/26/23 CNY 56.57
RUZHOU CITY XINYUAN INV 4.43 09/26/23 CNY 56.63
SANMEN COUNTY STATE-OWN 6.85 10/29/21 CNY 20.00
SANMEN COUNTY STATE-OWN 6.80 03/18/22 CNY 20.00
SANMEN COUNTY STATE-OWN 6.85 10/29/21 CNY 20.19
SANMEN COUNTY STATE-OWN 6.80 03/18/22 CNY 20.21
SANMING STATE-OWNED ASS 5.10 04/17/24 CNY 60.94
SANMING STATE-OWNED ASS 5.10 04/17/24 CNY 61.38
SANMING TRANSPORTATION 3.68 03/29/23 CNY 39.00
SANMING TRANSPORTATION 3.68 03/29/23 CNY 39.74
SHAANXI ANKANG HIGH TEC 8.78 09/17/21 CNY 20.29
SHAANXI ANKANG HIGH TEC 8.78 09/17/21 CNY 27.00
SHAANXI XIXIAN NEW AREA 5.10 06/06/23 CNY 59.35
SHAANXI XIXIAN NEW AREA 5.10 06/06/23 CNY 59.35
SHAANXI XIXIAN NEW AREA 6.85 08/15/21 CNY 20.00
SHAANXI XIXIAN NEW AREA 6.85 08/15/21 CNY 20.04
SHAANXI XIXIAN NEW AREA 6.89 01/05/22 CNY 19.98
SHAANXI XIXIAN NEW AREA 6.89 01/05/22 CNY 25.10
SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 39.79
SHAANXI XIXIAN NEW AREA 5.15 11/27/22 CNY 41.01
SHANDONG BORUN INDUSTRI 6.50 11/02/21 CNY 33.19
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 20.50
SHANDONG BOXING COUNTY 8.00 12/22/21 CNY 20.50
SHANDONG CENTURY SUNSHI 8.19 07/21/21 CNY 20.04
SHANDONG CENTURY SUNSHI 8.19 07/21/21 CNY 20.19
SHANDONG FUYU CHEMICAL 7.70 09/18/22 CNY 70.00
SHANDONG GAOCHUANG CONS 6.05 06/18/22 CNY 40.37
SHANDONG GAOCHUANG CONS 6.05 06/18/22 CNY 42.45
SHANDONG HONGHE HOLDING 8.50 06/23/21 CNY 20.14
SHANDONG HONGHE HOLDING 8.50 06/23/21 CNY 24.00
SHANDONG RUYI TECHNOLOG 7.90 09/18/23 CNY 52.10
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 TENGJIAN INVES 6.00 06/08/22 CNY 40.00
SHANDONG TENGJIAN INVES 6.00 06/08/22 CNY 40.08
SHANDONG WANTONG PETROL 7.97 11/29/21 CNY 0.20
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 20.45
SHANGHAI MINHANG URBAN 5.63 04/20/22 CNY 20.47
SHANGHAI MUNICIPAL INVE 4.80 11/05/24 CNY 60.41
SHANGHAI MUNICIPAL INVE 4.80 11/05/24 CNY 61.45
SHANGHAI NANHUI URBAN C 6.04 08/20/21 CNY 20.13
SHANGHAI NANHUI URBAN C 6.04 08/20/21 CNY 20.33
SHANGHAI URBAN CONSTRUC 3.50 01/06/23 CNY 39.62
SHANGHAI URBAN CONSTRUC 3.50 01/06/23 CNY 40.03
SHANGRAO CITY STATE-OWN 4.65 01/29/23 CNY 39.94
SHANGRAO CITY STATE-OWN 4.65 01/29/23 CNY 40.33
SHANTOU CITY CONSTRUCTI 8.57 03/23/22 CNY 15.60
SHANTOU CITY CONSTRUCTI 8.57 03/23/22 CNY 15.65
SHANTOU INVESTMENT HOLD 7.99 03/04/24 CNY 48.05
SHANTOU INVESTMENT HOLD 7.99 03/04/24 CNY 48.10
SHANXI INTERNATIONAL EL 5.88 05/24/22 CNY 51.83
SHANXI XIANG KUANG GROU 8.80 02/11/22 CNY 24.50
SHANXI XIANG KUANG GROU 8.80 02/11/22 CNY 41.13
SHAODONG NEW AREA DEVEL 7.10 04/19/24 CNY 62.09
SHAODONG NEW AREA DEVEL 7.10 04/19/24 CNY 62.10
SHAOGUAN URBAN INVESTME 3.67 10/25/24 CNY 68.28
SHAOGUAN URBAN INVESTME 3.67 10/25/24 CNY 68.58
SHAOWU URBAN CONSTRUCTI 5.88 09/11/22 CNY 40.04
SHAOWU URBAN CONSTRUCTI 5.88 09/11/22 CNY 43.39
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 40.39
SHAOXING CHENGZHONGCUN 6.09 04/27/22 CNY 40.44
SHAOXING CITY INVESTMEN 5.75 04/17/22 CNY 20.50
SHAOXING CITY INVESTMEN 5.75 04/17/22 CNY 28.00
SHAOXING CITY KEQIAO DI 6.40 08/20/21 CNY 20.18
SHAOXING CITY KEQIAO DI 6.40 08/20/21 CNY 20.48
SHAOXING JINGHU NEW DIS 6.13 04/30/22 CNY 33.57
SHAOXING JINGHU NEW DIS 6.13 04/30/22 CNY 40.55
SHAOXING KEQIAO CITY CO 3.64 09/19/23 CNY 59.58
SHAOXING KEQIAO CITY CO 3.64 09/19/23 CNY 59.60
SHAOXING KEQIAO ECONOMI 7.00 12/10/21 CNY 20.00
SHAOXING KEQIAO ECONOMI 7.00 12/10/21 CNY 20.40
SHAOXING KEYAN CONSTRUC 6.28 03/24/22 CNY 20.00
SHAOXING KEYAN CONSTRUC 6.28 03/24/22 CNY 20.22
SHAOXING PAOJIANG INDUS 6.98 05/29/21 CNY 20.08
SHAOXING PAOJIANG INDUS 6.98 05/29/21 CNY 23.90
SHAOXING SHANGYU ECONOM 4.76 04/11/23 CNY 40.02
SHAOXING SHANGYU ECONOM 4.76 04/11/23 CNY 40.14
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 20.19
SHAOXING SHANGYU URBAN 6.80 08/07/21 CNY 21.15
SHAOYANG BAOQING INDUST 5.78 07/04/26 CNY 68.10
SHAOYANG DULIANG INVEST 5.50 04/13/23 CNY 36.67
SHAOYANG DULIANG INVEST 5.50 04/13/23 CNY 39.33
SHENGZHOU INVESTMENT HO 7.60 07/17/21 CNY 20.17
SHENGZHOU INVESTMENT HO 7.60 07/17/21 CNY 20.59
SHENMU CITY STATE-OWNED 7.28 06/23/21 CNY 20.09
SHENMU CITY STATE-OWNED 7.28 06/23/21 CNY 20.19
SHENYANG DADONG STATE-O 6.05 03/20/22 CNY 20.00
SHENYANG DADONG STATE-O 6.05 03/20/22 CNY 20.17
SHENYANG ECONOMIC AFFOR 7.17 04/29/22 CNY 38.01
SHENYANG ECONOMIC AFFOR 7.17 04/29/22 CNY 39.72
SHENYANG TIEXI STATE-OW 6.00 01/14/22 CNY 20.20
SHENYANG TIEXI STATE-OW 6.00 01/14/22 CNY 27.50
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 30.87
SHENZHEN METRO GROUP CO 5.40 03/25/23 CNY 31.50
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 39.24
SHENZHEN METRO GROUP CO 6.75 01/24/24 CNY 48.76
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 54.93
SHIJIAZHUANG HUTUO NEW 5.28 12/24/25 CNY 55.00
SHIJIAZHUANG STATE-OWNE 5.75 04/09/22 CNY 20.37
SHIJIAZHUANG STATE-OWNE 5.75 04/09/22 CNY 27.20
SHISHI CITY CONSTRUCTIO 6.10 05/04/22 CNY 40.20
SHISHI CITY CONSTRUCTIO 6.10 05/04/22 CNY 40.43
SHIYAN ECO DEVELOPMENT 3.98 08/05/23 CNY 59.12
SHIYAN ECO DEVELOPMENT 3.98 08/05/23 CNY 59.19
SHIYAN STATE-OWNED CAPI 6.58 08/20/21 CNY 20.21
SHIYAN STATE-OWNED CAPI 6.58 08/20/21 CNY 20.29
SHIYAN STATE-OWNED CAPI 4.88 01/11/26 CNY 69.72
SHIYAN STATE-OWNED CAPI 4.88 01/11/26 CNY 70.40
SHIZHU TUJIA HONGSHENG 7.00 11/13/24 CNY 64.00
SHUCHENG COUNTY URBAN C 5.50 04/29/23 CNY 60.70
SHUCHENG COUNTY URBAN C 5.50 04/29/23 CNY 60.71
SHUYANG JINGYUAN ASSET 5.49 09/11/22 CNY 39.00
SHUYANG JINGYUAN ASSET 5.49 09/11/22 CNY 40.11
SICHUAN COAL GASIFICATI 7.00 04/18/23 CNY 39.74
SICHUAN COAL GASIFICATI 7.00 12/14/23 CNY 59.49
SICHUAN COAL INDUSTRY G 7.70 01/09/18 CNY 45.00
SICHUAN LANGZHONG FAMOU 5.60 04/19/23 CNY 39.39
SICHUAN LANGZHONG FAMOU 5.60 04/19/23 CNY 39.46
SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 59.58
SICHUAN LONGYANG TIANFU 5.45 05/27/23 CNY 59.62
SICHUAN NAXING INDUSTRI 7.17 09/11/21 CNY 20.00
SICHUAN NAXING INDUSTRI 7.17 09/11/21 CNY 20.03
SICHUAN NAXING INDUSTRI 4.68 03/31/23 CNY 38.56
SICHUAN NAXING INDUSTRI 4.68 03/31/23 CNY 39.15
SICHUAN NAXING INDUSTRI 6.80 08/18/22 CNY 50.79
SICHUAN NAXING INDUSTRI 6.80 08/18/22 CNY 50.80
SICHUAN TIANYIN INDUSTR 6.79 03/25/22 CNY 20.03
SICHUAN TIANYIN INDUSTR 6.79 03/25/22 CNY 28.00
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 20.11
SIHONG COUNTY HONG YUAN 6.15 03/16/22 CNY 20.35
SIHUI STATE OWNED ASSET 4.59 01/14/23 CNY 39.17
SIHUI STATE OWNED ASSET 4.59 01/14/23 CNY 40.00
SIYANG COUNTY MINKANG R 4.94 01/21/23 CNY 40.23
SIYANG COUNTY MINKANG R 4.94 01/21/23 CNY 40.56
SLENDER WEST LAKE TOURI 6.80 06/25/21 CNY 20.00
SLENDER WEST LAKE TOURI 6.80 06/25/21 CNY 20.06
SONGYUAN URBAN DEVELOPM 5.79 12/04/21 CNY 19.87
SONGYUAN URBAN DEVELOPM 5.79 12/04/21 CNY 20.78
SUINING COUNTY RUNQI IN 7.10 06/25/21 CNY 20.04
SUINING COUNTY RUNQI IN 7.10 06/25/21 CNY 20.25
SUINING COUNTY RUNQI IN 5.42 11/20/22 CNY 39.73
SUINING COUNTY RUNQI IN 5.42 11/20/22 CNY 40.00
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 19.75
SUINING FUYUAN INDUSTRY 6.39 03/17/22 CNY 24.18
SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 55.29
SUINING FUYUAN INDUSTRY 5.34 12/02/23 CNY 58.65
SUINING KAIDA INVESTMEN 4.89 04/08/23 CNY 38.25
SUINING KAIDA INVESTMEN 4.89 04/08/23 CNY 38.26
SUINING ROUGANG INVESTM 5.65 01/24/24 CNY 58.33
SUINING TIANTAI INDUSTR 5.98 03/28/24 CNY 58.05
SUINING TIANTAI INDUSTR 5.98 03/28/24 CNY 59.34
SUIZHOU DEVELOPMENT INV 8.40 04/30/21 CNY 20.01
SUIZHOU DEVELOPMENT INV 8.40 04/30/21 CNY 20.71
SUIZHOU DEVELOPMENT INV 5.70 04/07/24 CNY 59.03
SUIZHOU DEVELOPMENT INV 5.70 04/07/24 CNY 59.43
SUIZHOU HIGH-TECH INDUS 4.47 03/25/23 CNY 38.76
SUIZHOU HIGH-TECH INDUS 4.47 03/25/23 CNY 38.91
SUIZHOU URBAN CONSTRUCT 7.18 09/02/21 CNY 20.05
SUIZHOU URBAN CONSTRUCT 7.18 09/02/21 CNY 21.20
SUIZHOU YULONG WATER SU 6.10 03/28/23 CNY 42.46
SUQIAN ECONOMIC DEVELOP 5.40 04/20/24 CNY 61.94
SUQIAN ECONOMIC DEVELOP 5.40 04/20/24 CNY 62.45
SUQIAN YUFENG ASSET MAN 5.50 04/21/24 CNY 61.23
SUQIAN YUFENG ASSET MAN 5.50 04/21/24 CNY 64.26
SUZHOU CITY CONSTRUCTIO 3.89 03/24/23 CNY 40.05
SUZHOU CITY CONSTRUCTIO 3.89 03/24/23 CNY 40.16
SUZHOU CITY HENGCHENG C 4.40 03/01/23 CNY 40.05
SUZHOU CITY HENGCHENG C 4.40 03/01/23 CNY 40.16
SUZHOU NEW & HIGH-TECH 4.18 03/23/23 CNY 38.82
SUZHOU NEW & HIGH-TECH 4.18 03/23/23 CNY 39.84
SUZHOU SND GROUP CO LTD 6.20 07/22/21 CNY 20.11
SUZHOU SND GROUP CO LTD 6.20 07/22/21 CNY 20.23
SUZHOU WUJIANG COMMUNIC 3.75 05/26/23 CNY 75.00
SUZHOU WUJIANG DISTRICT 5.25 07/08/22 CNY 40.40
SUZHOU WUJIANG DISTRICT 5.25 07/08/22 CNY 40.52
TAIAN TAISHAN HOLDINGS 5.50 04/26/23 CNY 39.32
TAIAN TAISHAN HOLDINGS 5.50 04/26/23 CNY 39.56
TAICANG SCIENCE EDUCATI 5.54 08/28/22 CNY 40.53
TAICANG SCIENCE EDUCATI 5.54 08/28/22 CNY 44.65
TAIXING CITY HONGQIAO Y 5.03 10/29/22 CNY 39.72
TAIXING CITY HONGQIAO Y 5.03 10/29/22 CNY 43.87
TAIZHOU CITY CONSTRUCTI 6.92 10/16/23 CNY 46.89
TAIZHOU CITY CONSTRUCTI 6.92 10/16/23 CNY 47.15
TAIZHOU HAILING CITY DE 4.60 12/14/22 CNY 39.40
TAIZHOU HAILING CITY DE 4.60 12/14/22 CNY 40.08
TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 40.48
TAIZHOU JIAOJIANG STATE 6.18 07/06/22 CNY 44.00
TAIZHOU JINDONG URBAN C 5.10 06/02/23 CNY 59.40
TAIZHOU JINDONG URBAN C 5.10 06/02/23 CNY 59.51
TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 39.64
TAIZHOU XINTAI GROUP CO 4.07 03/23/23 CNY 39.79
TIANCHANG CITY CONSTRUC 4.99 12/05/23 CNY 55.84
TIANCHANG CITY CONSTRUC 4.99 12/05/23 CNY 59.71
TIANJIN BEICHEN TECHNOL 6.87 08/20/21 CNY 19.84
TIANJIN BEICHEN TECHNOL 6.87 08/20/21 CNY 27.00
TIANJIN BINHAI NEW AREA 6.10 11/23/21 CNY 19.88
TIANJIN BINHAI NEW AREA 6.10 11/23/21 CNY 23.87
TIANJIN BOHAI STATE-OWN 3.82 04/18/23 CNY 39.06
TIANJIN BOHAI STATE-OWN 4.10 04/18/26 CNY 67.13
TIANJIN BOHAI STATE-OWN 4.10 04/18/26 CNY 70.00
TIANJIN DONGFANG CAIXIN 5.19 01/29/22 CNY 19.20
TIANJIN DONGFANG CAIXIN 5.19 01/29/22 CNY 19.86
TIANJIN DONGLI CITY INF 4.28 12/02/22 CNY 40.11
TIANJIN ECONOMIC TECHNO 6.50 12/03/22 CNY 30.48
TIANJIN ECONOMIC TECHNO 6.50 12/03/22 CNY 31.30
TIANJIN GUANGCHENG INVE 7.45 07/24/21 CNY 29.00
TIANJIN GUANGCHENG INVE 6.97 02/22/23 CNY 29.15
TIANJIN GUANGCHENG INVE 5.40 04/20/23 CNY 39.64
TIANJIN GUANGCHENG INVE 5.40 04/20/23 CNY 40.00
TIANJIN HARBOR CONSTRUC 6.29 10/21/21 CNY 39.78
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 39.60
TIANJIN HUANCHENG URBAN 5.75 04/27/22 CNY 40.50
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 24.43
TIANJIN INFRASTRUCTURE 5.70 02/26/23 CNY 30.53
TIANJIN JINNAN CITY CON 6.50 06/03/21 CNY 20.00
TIANJIN JINNAN CITY CON 6.50 06/03/21 CNY 20.00
TIANJIN METRO GROUP CO 4.27 10/16/25 CNY 68.66
TIANJIN METRO GROUP CO 4.27 10/16/25 CNY 74.00
TIANJIN NINGHE DISTRICT 7.00 05/30/21 CNY 19.99
TIANJIN NINGHE DISTRICT 7.00 05/30/21 CNY 27.50
TIANJIN NINGHE INVESTME 5.50 04/22/23 CNY 38.98
TIANJIN NINGHE INVESTME 5.50 04/22/23 CNY 40.17
TIANJIN RAILWAY CONSTRU 5.58 04/13/25 CNY 60.28
TIANJIN REAL ESTATE GRO 4.50 09/29/20 USD 73.75
TIANJIN WATER INVESTMEN 6.60 07/28/21 CNY 19.73
TIANJIN WATER INVESTMEN 6.60 07/28/21 CNY 21.80
TIANJIN WUQING ECONOMIC 6.65 09/12/21 CNY 19.53
TIANJIN WUQING ECONOMIC 6.65 09/12/21 CNY 19.93
TIANJIN WUQING STATE-OW 4.15 11/17/22 CNY 33.12
TIANJIN WUQING STATE-OW 4.15 11/17/22 CNY 40.12
TIANMEN CITY CONSTRUCTI 8.20 08/28/21 CNY 20.23
TIANMEN CITY CONSTRUCTI 8.20 08/28/21 CNY 25.16
TIANMEN CITY CONSTRUCTI 3.98 11/15/23 CNY 58.09
TIANMEN CITY CONSTRUCTI 3.98 11/15/23 CNY 58.85
TONGLING CONSTRUCTION I 4.12 03/14/23 CNY 40.00
TONGLING CONSTRUCTION I 4.12 03/14/23 CNY 40.07
TSINGHUA HOLDINGS CORP 4.95 08/08/22 CNY 36.40
TSINGHUA HOLDINGS CORP 3.15 10/25/21 CNY 48.64
TSINGHUA HOLDINGS CORP 5.30 03/26/23 CNY 50.00
TSINGHUA HOLDINGS CORP 4.10 08/24/21 CNY 66.77
TSINGHUA UNIGROUP CO LT 5.20 12/10/23 CNY 11.65
TSINGHUA UNIGROUP CO LT 5.11 01/25/24 CNY 13.00
TSINGHUA UNIGROUP CO LT 4.94 03/25/22 CNY 16.55
TSINGHUA UNIGROUP CO LT 5.85 03/27/22 CNY 16.88
TSINGHUA UNIGROUP CO LT 6.15 12/26/21 CNY 28.03
TSINGHUA UNIGROUP CO LT 5.60 11/15/20 CNY 28.13
TSINGHUA UNIGROUP CO LT 6.20 03/16/21 CNY 28.13
TSINGHUA UNIGROUP CO LT 6.00 08/14/22 CNY 28.13
TULUFAN DISTRICT STATE- 6.20 03/19/22 CNY 20.21
TULUFAN DISTRICT STATE- 6.20 03/19/22 CNY 20.39
TUNGHSU GROUP CO LTD 6.55 03/13/22 CNY 45.00
TUNGHSU OPTOELECTRONIC 5.09 11/17/21 CNY 22.81
ULANQAB CITY INVESTMENT 8.39 04/25/22 CNY 25.51
ULANQAB JINING DISTRICT 6.16 03/24/23 CNY 40.35
ULANQAB JINING DISTRICT 6.16 03/24/23 CNY 40.39
URUMQI ECO&TECH DEVELOP 6.40 04/13/22 CNY 20.00
URUMQI ECO&TECH DEVELOP 6.40 04/13/22 CNY 20.28
WAFANGDIAN COASTAL PROJ 3.98 02/01/23 CNY 39.18
WANGCHENG ECONOMIC DEVE 6.57 01/22/22 CNY 20.43
WANGCHENG ECONOMIC DEVE 6.57 01/22/22 CNY 28.81
WANGCHENG ECONOMIC DEVE 3.75 07/13/23 CNY 59.96
WANGCHENG ECONOMIC DEVE 3.75 07/13/23 CNY 61.05
WEIHAI LANCHUANG CONSTR 4.80 12/17/22 CNY 39.09
WEIHAI LANCHUANG CONSTR 4.80 12/17/22 CNY 39.39
WEIHAI URBAN CONSTRUCTI 3.33 03/02/23 CNY 38.40
WEIHAI URBAN CONSTRUCTI 3.33 03/02/23 CNY 39.48
WEIHAI WENDENG DISTRICT 3.64 10/26/23 CNY 58.57
WEIHAI WENDENG DISTRICT 3.64 10/26/23 CNY 58.63
WEIHAI WENDENG URBAN PR 4.80 05/26/23 CNY 58.75
WEIHAI WENDENG URBAN PR 4.80 05/26/23 CNY 59.15
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 20.00
WEINAN CITY INVESTMENT 6.09 03/11/22 CNY 20.17
WENDENG GOLDEN BEACH IN 3.97 03/21/23 CNY 39.10
WENDENG GOLDEN BEACH IN 3.97 03/21/23 CNY 39.19
WENSHAN URBAN CONSTRUCT 4.50 09/13/23 CNY 56.84
WENSHAN URBAN CONSTRUCT 4.50 09/13/23 CNY 58.24
WENZHOU CITY CONSTRUCTI 4.05 01/25/23 CNY 40.15
WENZHOU CITY CONSTRUCTI 4.05 01/25/23 CNY 40.16
WENZHOU CITY CONSTRUCTI 5.00 04/26/23 CNY 40.80
WENZHOU CITY CONSTRUCTI 5.00 04/26/23 CNY 60.87
WENZHOU GANGCHENG DEVEL 5.19 03/29/23 CNY 40.26
WENZHOU GANGCHENG DEVEL 5.19 03/29/23 CNY 40.32
WENZHOU HIGH-TECH INDUS 7.30 05/30/21 CNY 20.00
WENZHOU HIGH-TECH INDUS 7.30 05/30/21 CNY 20.01
WENZHOU LUCHENG CITY DE 5.58 11/03/21 CNY 20.06
WENZHOU LUCHENG CITY DE 5.58 11/03/21 CNY 20.17
WENZHOU OUHAI NEW CITY 3.98 10/26/23 CNY 59.72
WENZHOU OUHAI NEW CITY 3.98 10/26/23 CNY 59.75
WINTIME ENERGY CO LTD 7.00 07/05/18 CNY 43.63
WINTIME ENERGY CO LTD 7.30 08/06/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 08/25/18 CNY 43.63
WINTIME ENERGY CO LTD 6.78 10/23/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 12/15/18 CNY 43.63
WINTIME ENERGY CO LTD 7.00 03/19/19 CNY 43.63
WINTIME ENERGY CO LTD 7.00 04/26/19 CNY 43.63
WINTIME ENERGY CO LTD 7.70 11/15/20 CNY 43.63
WINTIME ENERGY CO LTD 7.50 11/16/20 CNY 43.63
WINTIME ENERGY CO LTD 7.50 12/06/20 CNY 43.63
WINTIME ENERGY CO LTD 7.90 12/22/20 CNY 43.63
WINTIME ENERGY CO LTD 7.90 03/29/21 CNY 43.63
WINTIME ENERGY CO LTD 7.50 04/04/21 CNY 43.63
WINTIME ENERGY CO LTD 4.75 07/07/22 CNY 43.63
WUHAN CITY HUANPI DISTR 6.43 09/17/21 CNY 20.28
WUHAN CITY HUANPI DISTR 6.43 09/17/21 CNY 25.00
WUHAN CITY HUANPI DISTR 5.48 04/19/24 CNY 61.55
WUHAN CITY HUANPI DISTR 5.48 04/19/24 CNY 62.00
WUHAN JIANGXIA URBAN CO 4.80 06/03/23 CNY 60.02
WUHAN JIANGXIA URBAN CO 4.80 06/03/23 CNY 60.04
WUHAN METRO GROUP CO LT 5.25 04/14/22 CNY 20.19
WUHAN METRO GROUP CO LT 5.25 04/14/22 CNY 20.33
WUHAN QIAOKOU STATE OWN 3.48 08/29/23 CNY 58.93
WUHAN QIAOKOU STATE OWN 3.48 08/29/23 CNY 59.94
WUHU COMMUNICATIONS INV 3.58 09/23/23 CNY 59.08
WUHU COMMUNICATIONS INV 4.50 04/28/23 CNY 59.84
WUHU COMMUNICATIONS INV 3.58 09/23/23 CNY 60.02
WUHU COMMUNICATIONS INV 4.50 04/28/23 CNY 60.58
WUHU COUNTY CONSTRUCTIO 6.60 12/08/21 CNY 20.11
WUHU COUNTY CONSTRUCTIO 6.60 12/08/21 CNY 26.35
WUHU JINGHU CONSTRUCTIO 4.37 07/20/23 CNY 59.67
WUHU JINGHU CONSTRUCTIO 4.37 07/20/23 CNY 59.96
WUHU JIUJIANG CONSTRUCT 3.96 03/21/23 CNY 39.51
WUHU XINMA INVESTMENT C 4.87 11/04/22 CNY 40.00
WUHU YIJU INVESTMENT GR 6.45 08/11/21 CNY 20.18
WUHU YIJU INVESTMENT GR 6.45 08/11/21 CNY 20.30
WUXI HUIKAI ECONOMIC DE 4.16 04/08/23 CNY 39.83
WUXI HUIKAI ECONOMIC DE 4.16 04/08/23 CNY 40.09
WUXI HUNING METRO HUISH 4.38 06/08/21 CNY 39.99
WUXI HUNING METRO HUISH 4.38 06/08/21 CNY 40.45
WUXI TAIHU NEW CITY DEV 3.47 08/29/23 CNY 59.50
WUXI TAIHU NEW CITY DEV 3.47 08/29/23 CNY 59.90
WUXI TAIHU NEW CITY DEV 4.49 05/03/23 CNY 60.47
WUXI TAIHU NEW CITY DEV 4.49 05/03/23 CNY 60.50
WUXI XIDONG NEW TOWN CO 3.92 11/09/23 CNY 59.31
WUXI XIDONG NEW TOWN CO 3.92 11/09/23 CNY 59.35
WUYANG CONSTRUCTION GRO 7.80 09/11/20 CNY 32.48
XIAN FENGDONG DEVELOPME 4.67 01/08/23 CNY 39.33
XIAN FENGDONG DEVELOPME 4.67 01/08/23 CNY 39.40
XI'AN INTERNATIONAL HOR 6.20 10/21/21 CNY 20.00
XI'AN INTERNATIONAL HOR 6.20 10/21/21 CNY 21.46
XI'AN INTERNATIONAL INL 7.90 09/23/21 CNY 22.28
XIANGSHUI GUANJIANG HOL 4.98 12/24/22 CNY 36.60
XIANGSHUI GUANJIANG HOL 4.98 12/24/22 CNY 38.63
XIANGTAN CITY CONSTRUCT 7.60 04/02/22 CNY 62.20
XIANGTAN CITY CONSTRUCT 7.80 03/12/22 CNY 64.87
XIANGTAN CITY CONSTRUCT 7.80 01/30/22 CNY 67.80
XIANGTAN CITY INFRASTRC 3.95 08/04/23 CNY 55.47
XIANGTAN CITY INFRASTRC 3.60 08/04/23 CNY 55.67
XIANGTAN CITY INFRASTRC 3.95 08/04/23 CNY 57.97
XIANGTAN CITY INFRASTRC 3.60 08/04/23 CNY 59.47
XIANGTAN JIUHUA ECONOMI 6.59 01/21/22 CNY 19.11
XIANGTAN JIUHUA ECONOMI 6.59 01/21/22 CNY 19.15
XIANGTAN JIUHUA ECONOMI 5.00 07/25/26 CNY 70.17
XIANGTAN WANLOU XINCHEN 6.90 01/14/22 CNY 15.49
XIANGTAN WANLOU XINCHEN 6.90 01/14/22 CNY 19.60
XIANGXIANG ECONOMIC DIS 5.28 09/09/23 CNY 57.30
XIANGXIANG ECONOMIC DIS 5.28 09/09/23 CNY 57.49
XIANGXIANG URBAN CONSTR 5.84 05/18/23 CNY 59.82
XIANGXIANG URBAN CONSTR 5.84 05/18/23 CNY 60.14
XIANGYANG CITY XIANGZHO 5.18 04/28/23 CNY 60.23
XIANGYANG CITY XIANGZHO 5.18 04/28/23 CNY 60.35
XIANGYANG HIGH TECH STA 7.00 05/29/21 CNY 20.01
XIANGYANG HIGH TECH STA 7.00 05/29/21 CNY 23.38
XIANGYANG STATE-OWNED C 4.62 01/25/23 CNY 39.43
XIANGYANG STATE-OWNED C 4.62 01/25/23 CNY 39.68
XIANNING HIGH-TECH INVE 6.29 02/10/22 CNY 20.28
XIANNING HIGH-TECH INVE 6.29 02/10/22 CNY 20.56
XIANTAO CITY CONSTRUCTI 4.59 04/18/23 CNY 39.57
XIANTAO CITY CONSTRUCTI 4.59 04/18/23 CNY 40.36
XIAOCHANG SHUNHE DEVELO 4.15 10/17/23 CNY 57.42
XIAOGAN GAOCHUANG INVES 6.87 09/22/21 CNY 20.04
XIAOGAN GAOCHUANG INVES 7.43 06/23/21 CNY 20.10
XIAOGAN GAOCHUANG INVES 6.87 09/22/21 CNY 26.69
XIAOGAN GAOCHUANG INVES 7.43 06/23/21 CNY 32.72
XIAOGAN URBAN CONSTRUCT 6.89 05/29/21 CNY 19.90
XIAOGAN URBAN CONSTRUCT 6.89 05/29/21 CNY 20.05
XIAOGAN URBAN CONSTRUCT 3.94 07/05/21 CNY 62.98
XIAOXIAN COUNTY DEVELOP 4.85 06/22/23 CNY 60.31
XIAOXIAN COUNTY DEVELOP 4.85 06/22/23 CNY 60.31
XINDONGGANG HOLDING GRO 5.53 04/27/23 CNY 59.29
XINDONGGANG HOLDING GRO 5.53 04/27/23 CNY 59.48
XINGAN COUNTY URBAN CON 5.48 08/03/23 CNY 58.39
XINGAN COUNTY URBAN CON 5.48 08/03/23 CNY 58.74
XINGAN LEAGUE URBAN DEV 6.18 12/21/22 CNY 23.15
XINGAN LEAGUE URBAN DEV 6.18 12/21/22 CNY 27.32
XINGHUA CITY ECONOMIC D 5.28 06/13/22 CNY 49.50
XINGHUA CITY ECONOMIC D 5.28 06/13/22 CNY 49.68
XINGYI XINHENG URBAN CO 5.40 12/16/22 CNY 38.40
XINGYI XINHENG URBAN CO 5.40 12/16/22 CNY 39.00
XINMI CAIYUAN CITY CONS 4.35 02/28/23 CNY 39.77
XINMI CAIYUAN CITY CONS 4.35 02/28/23 CNY 39.77
XINMIN CITY LUXIN MUNIC 6.41 07/29/21 CNY 13.69
XINMIN CITY LUXIN MUNIC 6.41 07/29/21 CNY 13.79
XINTAI CITY COORDINATIN 6.35 03/23/22 CNY 20.19
XINTAI CITY COORDINATIN 6.35 03/23/22 CNY 20.75
XINYI CITY INVESTMENT & 4.30 01/19/23 CNY 38.65
XINYI CITY INVESTMENT & 4.30 01/19/23 CNY 40.00
XINYI URBAN TRANSPORTAT 6.14 02/06/22 CNY 20.29
XINYI URBAN TRANSPORTAT 6.14 02/06/22 CNY 21.53
XINYI URBAN TRANSPORTAT 5.35 04/24/24 CNY 60.67
XINYU CHENGDONG CONSTRU 8.48 05/27/21 CNY 20.02
XINYU CITY SHANTYTOWN Z 6.50 11/13/22 CNY 70.04
XINYU CITY YUSHUI DISTR 7.70 06/24/22 CNY 40.53
XINYU CITY YUSHUI DISTR 7.70 06/24/22 CNY 41.39
XIWANG GROUP CO LTD 7.80 12/03/22 CNY 49.94
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 20.22
XUANCHENG CITY ECONOMY 7.95 09/22/21 CNY 26.00
XUANCHENG STATE-OWNED A 4.12 04/07/23 CNY 39.71
XUANCHENG STATE-OWNED A 4.12 04/07/23 CNY 40.28
XUZHOU BOCHANT DEVELOPM 5.69 07/28/21 CNY 33.27
XUZHOU CITY JIAWANG CON 4.00 03/23/23 CNY 32.78
XUZHOU CITY JIAWANG CON 4.00 03/23/23 CNY 39.89
XUZHOU CITY TONGSHAN DI 5.23 09/18/22 CNY 40.00
XUZHOU CITY TONGSHAN DI 5.23 09/18/22 CNY 40.39
XUZHOU HI-TECH INDUSTRI 3.78 11/11/23 CNY 57.77
XUZHOU HI-TECH INDUSTRI 3.78 11/11/23 CNY 59.43
XUZHOU TRANSPORTATION H 7.09 05/15/21 CNY 20.03
XUZHOU TRANSPORTATION H 7.09 05/15/21 CNY 20.20
XUZHOU XINSHENG INVESTM 5.13 08/12/22 CNY 40.64
XUZHOU XINSHENG INVESTM 5.13 08/12/22 CNY 44.46
YAN'AN NEW CITY CONSTRU 5.60 04/21/24 CNY 49.26
YAN'AN NEW CITY CONSTRU 5.60 04/21/24 CNY 59.73
YANCHENG HIGH-TECH ZONE 3.90 12/14/22 CNY 39.67
YANCHENG HIGH-TECH ZONE 3.90 12/14/22 CNY 39.90
YANCHENG ORIENTAL INVES 6.48 09/15/21 CNY 20.03
YANCHENG SOUTH DISTRICT 6.70 07/30/21 CNY 16.90
YANCHENG SOUTH DISTRICT 6.70 07/30/21 CNY 20.12
YANCHENG YANDU DISTRICT 3.67 03/17/23 CNY 39.18
YANCHENG YANDU DISTRICT 3.67 03/17/23 CNY 39.44
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 20.14
YANGJIANG HENGCAI CITY 6.24 04/14/22 CNY 21.20
YANGZHONG TRANSPORTATIO 4.95 04/07/23 CNY 39.33
YANGZHONG TRANSPORTATIO 4.95 04/07/23 CNY 39.86
YANGZHONG TRANSPORTATIO 4.98 04/07/23 CNY 40.32
YANGZHONG TRANSPORTATIO 4.98 04/07/23 CNY 40.36
YANGZHOU GUANGLING NEW 3.62 09/07/23 CNY 57.93
YANGZHOU GUANGLING NEW 3.62 09/07/23 CNY 58.17
YANGZHOU HANJIANG CONST 5.88 06/15/22 CNY 40.56
YANGZHOU HANJIANG CONST 5.88 06/15/22 CNY 46.63
YI CHENG CONSTRUCTION I 5.44 04/27/23 CNY 39.55
YI ZHENG CITY DEVELOPME 4.63 01/08/23 CNY 40.00
YI ZHENG CITY DEVELOPME 4.63 01/08/23 CNY 40.00
YICHANG HIGH-TECH INVES 4.80 12/15/22 CNY 40.00
YICHANG HIGH-TECH INVES 4.80 12/15/22 CNY 40.11
YICHANG HIGH-TECH INVES 3.74 07/21/23 CNY 58.92
YICHANG HIGH-TECH INVES 3.74 07/21/23 CNY 59.41
YICHANG WUJIA NEW CITY 6.50 04/20/24 CNY 60.10
YICHANG WUJIA NEW CITY 6.50 04/20/24 CNY 61.36
YICHUN URBAN CONSTRUCTI 7.09 05/15/21 CNY 20.06
YICHUN URBAN CONSTRUCTI 7.09 05/15/21 CNY 23.47
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 20.05
YICHUN VENTURE CAPITAL 6.70 03/23/22 CNY 20.61
YIHUA ENTERPRISE GROUP 7.00 04/29/22 CNY 54.00
YIHUA LIFESTYLE TECHNOL 6.88 07/23/20 CNY 35.00
YIHUA LIFESTYLE TECHNOL 6.88 07/16/20 CNY 35.90
YINCHUAN URBAN CONSTRUC 6.88 05/12/21 CNY 20.00
YINCHUAN URBAN CONSTRUC 6.88 05/12/21 CNY 20.02
YINGCHENG CITY PUYANG D 6.50 04/14/24 CNY 61.36
YINGCHENG CITY PUYANG D 6.50 04/14/24 CNY 61.37
YINGKOU COASTAL DEVELOP 6.45 01/26/22 CNY 20.29
YINGKOU ECO & TECH DEVE 5.20 08/05/23 CNY 58.97
YINGKOU ECO & TECH DEVE 5.20 08/05/23 CNY 59.14
YINGKOU ECO & TECH DEVE 6.98 04/19/24 CNY 60.72
YINGKOU ECO & TECH DEVE 6.98 04/19/24 CNY 79.00
YINGKOU LAOBIAN CITY CO 4.98 03/11/23 CNY 38.49
YINGKOU LAOBIAN CITY CO 5.63 12/16/22 CNY 39.61
YINGKOU LAOBIAN CITY CO 4.98 03/11/23 CNY 40.00
YINGTAN LONGGANG ASSET 6.75 07/31/22 CNY 40.35
YINGTAN LONGGANG ASSET 6.75 07/31/22 CNY 41.18
YINGTAN STATE-OWNED ASS 7.50 12/12/22 CNY 30.71
YINGTAN STATE-OWNED ASS 7.50 12/12/22 CNY 30.71
YINGTAN STATE-OWNED ASS 3.63 08/12/21 CNY 40.02
YINING CITY STATE OWNED 5.37 09/24/22 CNY 39.20
YINING CITY STATE OWNED 5.37 09/24/22 CNY 39.53
YIWU CITY CONSTRUCTION 4.31 12/07/22 CNY 39.94
YIWU CITY CONSTRUCTION 4.31 12/07/22 CNY 40.40
YIWU URBAN & RURAL NEW 4.25 11/24/21 CNY 24.99
YIXING CITY CONSTRUCTIO 6.16 03/30/22 CNY 20.00
YIXING CITY CONSTRUCTIO 6.16 03/30/22 CNY 20.43
YIXING TUOYE INDUSTRIAL 7.60 05/28/21 CNY 20.04
YIXING TUOYE INDUSTRIAL 7.60 05/28/21 CNY 23.50
YIYANG ADVANCED INDUSTR 7.00 03/30/22 CNY 19.94
YIYANG ADVANCED INDUSTR 7.00 03/30/22 CNY 28.00
YIYANG PROVINCE AREA IN 4.95 10/13/23 CNY 56.31
YIYANG PROVINCE AREA IN 5.16 11/23/23 CNY 56.39
YIYANG PROVINCE AREA IN 4.95 10/13/23 CNY 56.44
YIYANG PROVINCE AREA IN 5.16 11/23/23 CNY 57.61
YIZHANG XINGYI CONSTRUC 5.49 09/02/24 CNY 68.24
YIZHANG XINGYI CONSTRUC 5.49 09/02/24 CNY 68.43
YONGCHENG COAL & ELECTR 7.50 02/02/21 CNY 39.88
YONGJIA INVESTMENT GROU 6.50 11/12/21 CNY 20.00
YONGJIA INVESTMENT GROU 6.50 11/12/21 CNY 20.11
YONGXING YINDU INVESTME 5.60 03/24/23 CNY 39.29
YONGXING YINDU INVESTME 5.60 03/24/23 CNY 40.14
YONGZHOU ECONOMIC CONST 3.55 01/14/23 CNY 39.30
YONGZHOU ECONOMIC CONST 3.55 01/14/23 CNY 39.64
YUANAN COUNTY QIFENG CI 5.50 05/27/23 CNY 60.70
YUANAN COUNTY QIFENG CI 5.50 05/27/23 CNY 60.70
YUEYANG CITY DONGTING N 6.15 03/20/22 CNY 19.90
YUEYANG CITY DONGTING N 6.15 03/20/22 CNY 20.10
YUEYANG HUIHUA URBAN IN 5.78 04/18/24 CNY 60.75
YUEYANG HUIHUA URBAN IN 5.78 04/18/24 CNY 61.20
YUEYANG HUILIN INVESTME 5.50 11/03/21 CNY 16.24
YUEYANG HUILIN INVESTME 5.50 11/03/21 CNY 19.65
YUEYANG URBAN CONSTRUCT 4.80 01/27/26 CNY 73.31
YUEYANG URBAN CONSTRUCT 4.80 01/27/26 CNY 73.42
YUEYANG YUNXI CITY CONS 5.18 11/21/23 CNY 56.49
YUEYANG YUNXI CITY CONS 6.00 07/08/23 CNY 59.30
YUEYANG YUNXI CITY CONS 6.00 07/08/23 CNY 59.44
YUHUAN CITY COMMUNICATI 5.65 11/03/21 CNY 20.22
YUHUAN CITY COMMUNICATI 5.65 11/03/21 CNY 20.22
YUHUAN CITY COMMUNICATI 6.18 03/20/22 CNY 20.36
YUHUAN CITY COMMUNICATI 6.18 03/20/22 CNY 24.47
YUHUAN CITY CONSTRUCTIO 3.72 10/21/23 CNY 58.65
YUHUAN CITY CONSTRUCTIO 3.72 10/21/23 CNY 59.16
YUHUAN CITY CONSTRUCTIO 5.10 05/03/23 CNY 59.90
YUHUAN CITY CONSTRUCTIO 5.10 05/03/23 CNY 60.56
YUNCHENG SHUIHU CITY CO 4.54 11/21/23 CNY 57.66
YUNCHENG SHUIHU CITY CO 4.54 11/21/23 CNY 58.05
YUNNAN HEALTH & CULTURA 6.77 05/23/21 CNY 19.76
YUNNAN HEALTH & CULTURA 6.77 05/23/21 CNY 20.02
YUNNAN PROVINCIAL INVES 4.36 08/21/23 CNY 70.00
YUNNAN PROVINCIAL INVES 4.63 11/05/23 CNY 70.00
YUNNAN PROVINCIAL INVES 4.66 08/21/24 CNY 77.10
YUYAO CITY CONSTRUCTION 7.09 05/19/21 CNY 20.04
YUYAO CITY CONSTRUCTION 7.09 05/19/21 CNY 20.40
YUZHOU GENERAL INVESTME 4.68 01/19/23 CNY 39.92
YUZHOU GENERAL INVESTME 4.68 01/19/23 CNY 40.00
ZAOYANG CITY CONSTRUCTI 5.50 03/22/23 CNY 39.84
ZAOYANG CITY CONSTRUCTI 5.50 03/22/23 CNY 40.10
ZHANGJIAGANG JINCHENG I 6.88 04/28/21 CNY 16.61
ZHANGJIAGANG JINCHENG I 6.88 04/28/21 CNY 20.00
ZHANGQIU STATE OWNED AS 3.69 08/09/23 CNY 58.50
ZHANGQIU STATE OWNED AS 3.69 08/09/23 CNY 59.63
ZHANGSHU STATE-OWNED AS 4.80 06/22/23 CNY 59.70
ZHANGSHU STATE-OWNED AS 4.80 06/22/23 CNY 62.67
ZHANGYE CITY INVESTMENT 6.92 09/22/21 CNY 20.14
ZHANGYE CITY INVESTMENT 6.92 09/22/21 CNY 20.90
ZHANGZHOU ECONOMIC DEVE 6.17 04/27/22 CNY 20.30
ZHANGZHOU JIULONGJIANG 6.48 06/20/21 CNY 16.81
ZHANGZHOU JIULONGJIANG 6.48 06/20/21 CNY 20.07
ZHAODONG DONGSHENG CONS 6.50 01/20/24 CNY 61.26
ZHAODONG DONGSHENG CONS 6.50 01/20/24 CNY 61.27
ZHAOQING GAOYAO DISTRIC 6.68 04/14/22 CNY 20.00
ZHAOQING GAOYAO DISTRIC 6.68 04/14/22 CNY 40.47
ZHAOQING HI-TECH ZONE C 3.97 08/26/23 CNY 57.90
ZHAOQING HI-TECH ZONE C 3.97 08/26/23 CNY 59.21
ZHEJIANG BINHAI NEW CIT 4.65 12/23/22 CNY 40.33
ZHEJIANG BINHAI NEW CIT 4.65 12/23/22 CNY 40.35
ZHEJIANG GUOXING INVEST 6.94 08/01/21 CNY 20.10
ZHEJIANG GUOXING INVEST 6.94 08/01/21 CNY 28.50
ZHEJIANG HUISHENG INVES 4.49 03/15/24 CNY 54.50
ZHEJIANG HUISHENG INVES 4.49 03/15/24 CNY 55.00
ZHEJIANG OUHAI CONSTRUC 6.45 04/23/22 CNY 20.20
ZHEJIANG OUHAI CONSTRUC 4.83 01/21/23 CNY 39.90
ZHEJIANG OUHAI CONSTRUC 4.83 01/21/23 CNY 40.39
ZHEJIANG OUHAI CONSTRUC 6.45 04/23/22 CNY 40.57
ZHEJIANG XINCHANG INVES 5.88 10/30/21 CNY 20.18
ZHEJIANG XINCHANG INVES 6.95 12/31/21 CNY 20.38
ZHEJIANG XINCHANG INVES 5.88 10/30/21 CNY 21.06
ZHEJIANG XINCHANG INVES 6.95 12/31/21 CNY 21.20
ZHENGZHOU AIRPORT ECONO 4.27 07/20/26 CNY 67.63
ZHENGZHOU AIRPORT ECONO 4.27 07/20/26 CNY 68.32
ZHENGZHOU JINGKAI INVES 5.48 07/31/22 CNY 40.00
ZHENGZHOU JINGKAI INVES 5.48 07/31/22 CNY 40.46
ZHENGZHOU MOUZHONG DEVE 7.48 12/11/21 CNY 20.25
ZHENGZHOU MOUZHONG DEVE 7.48 12/11/21 CNY 26.20
ZHENGZHOU MOUZHONG DEVE 4.59 04/18/23 CNY 39.76
ZHENGZHOU MOUZHONG DEVE 4.59 04/18/23 CNY 39.85
ZHENJIANG DANTU DISTRIC 5.89 11/03/21 CNY 19.80
ZHENJIANG DANTU DISTRIC 5.89 11/03/21 CNY 20.00
ZHENJIANG NEW AREA URBA 5.31 07/14/23 CNY 58.67
ZHENJIANG NEW AREA URBA 5.31 07/14/23 CNY 60.39
ZHIJIANG STATE-OWNED AS 4.38 03/28/23 CNY 39.38
ZHIJIANG STATE-OWNED AS 4.78 01/11/23 CNY 39.65
ZHIJIANG STATE-OWNED AS 4.38 03/28/23 CNY 44.70
ZHONGGUANCUN DEVELOPMEN 4.20 08/12/22 CNY 40.32
ZHONGGUANCUN DEVELOPMEN 4.20 08/12/22 CNY 40.54
ZHONGMINTOU LEASING HOL 7.55 09/21/21 CNY 49.49
ZHONGSHAN TORCH DEVELOP 5.79 03/23/24 CNY 61.01
ZHONGSHAN TORCH DEVELOP 5.79 03/23/24 CNY 61.36
ZHONGSHAN TRANSPORTATIO 5.25 11/26/21 CNY 20.00
ZHONGSHAN TRANSPORTATIO 5.25 11/26/21 CNY 20.24
ZHONGYUAN ASSET MANAGEM 4.20 11/29/22 USD 67.24
ZHONGYUAN ASSET MANAGEM 4.40 10/25/22 CNY 74.70
ZHOUSHAN DINGHAI CITY C 6.67 07/20/22 CNY 40.09
ZHOUSHAN DINGHAI STATE- 7.13 08/04/21 CNY 20.07
ZHOUSHAN DINGHAI STATE- 7.13 08/04/21 CNY 20.18
ZHOUSHAN ISLANDS NEW DI 6.98 10/22/22 CNY 40.55
ZHOUSHAN ISLANDS NEW DI 6.98 10/22/22 CNY 40.80
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 40.59
ZHOUSHAN PUTUO DISTRICT 7.18 06/20/22 CNY 41.90
ZHUHAI HUIHUA INFRASTRU 4.70 06/27/23 CNY 59.71
ZHUHAI HUIHUA INFRASTRU 4.70 06/27/23 CNY 60.06
ZHUJI CITY EAST NEW TOW 3.89 08/26/23 CNY 59.81
ZHUJI CITY YUEDU INVEST 6.38 04/07/22 CNY 20.30
ZHUJI CITY YUEDU INVEST 6.38 04/07/22 CNY 20.40
ZHUZHOU CITY CONSTRUCTI 8.36 11/10/21 CNY 23.75
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 20.00
ZHUZHOU GECKOR GROUP CO 6.38 04/17/22 CNY 20.07
ZHUZHOU GECKOR GROUP CO 6.95 08/11/21 CNY 20.12
ZHUZHOU GECKOR GROUP CO 6.95 08/11/21 CNY 20.86
ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 58.20
ZHUZHOU GECKOR GROUP CO 3.78 09/28/23 CNY 58.59
ZHUZHOU HI-TECH AUTO EX 4.47 11/03/23 CNY 73.96
ZHUZHOU RECYCLING ECONO 4.38 03/24/23 CNY 37.37
ZHUZHOU RECYCLING ECONO 4.38 03/24/23 CNY 38.47
ZHUZHOU XIANGJIANG SCEN 5.39 11/25/22 CNY 37.36
ZHUZHOU XIANGJIANG SCEN 5.39 11/25/22 CNY 37.42
ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 39.70
ZIBO BANYANG CITY URBAN 5.50 09/09/22 CNY 40.00
ZIBO BOSHAN STATE OWNED 5.63 03/29/24 CNY 58.95
ZIBO BOSHAN STATE OWNED 5.63 03/29/24 CNY 61.03
ZIXING CHENGCHENG INVES 6.20 03/16/24 CNY 61.68
ZIXING CHENGCHENG INVES 6.20 03/16/24 CNY 61.72
ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 37.49
ZIYANG WATER INVESTMENT 3.97 03/17/23 CNY 37.49
ZIZHONG COUNTY XINGZI I 5.97 01/18/23 CNY 38.68
ZIZHONG COUNTY XINGZI I 5.97 01/18/23 CNY 39.68
ZONGYANG INVESTMENT DEV 5.85 04/25/24 CNY 61.60
ZUNYI ECONOMIC DEVELOPM 4.87 01/22/23 CNY 38.22
ZUNYI ECONOMIC DEVELOPM 4.87 01/22/23 CNY 40.00
ZUNYI HONGHUAGANG DISTR 5.05 06/27/23 CNY 57.90
ZUNYI HONGHUAGANG DISTR 5.05 06/27/23 CNY 58.80
ZUNYI NEW DISTRICT DEVE 5.99 04/07/26 CNY 44.68
ZUNYI NEW DISTRICT DEVE 5.99 04/07/26 CNY 54.24
ZUNYI ROAD & BRIDGE CON 6.10 04/27/23 CNY 36.74
ZUNYI ROAD & BRIDGE CON 6.10 04/27/23 CNY 45.00
ZUNYI TRAFFIC TRAVEL IN 7.70 09/27/27 CNY 67.00
ZUNYI TRAFFIC TRAVEL IN 7.70 09/27/27 CNY 70.67
HONG KONG
---------
CAIYUN INTERNATIONAL IN 5.50 04/08/22 USD 58.43
DR PENG HOLDING HONGKON 7.55 12/01/22 USD 62.70
HNA GROUP INTERNATIONAL 6.25 10/05/21 USD 54.50
INDONESIA
---------
DAVOMAS INTERNATIONAL F 11.00 05/09/11 USD 0.00
DAVOMAS INTERNATIONAL F 11.00 05/09/11 USD 0.00
DAVOMAS INTERNATIONAL F 11.00 12/08/14 USD 0.00
DAVOMAS INTERNATIONAL F 11.00 12/08/14 USD 0.00
DELTA MERLIN DUNIA TEKS 1.50 06/26/28 USD 10.92
MNC INVESTAMA TBK PT 9.00 05/11/21 USD 68.37
SRI REJEKI ISMAN TBK PT 7.25 01/16/25 USD 26.92
SRI REJEKI ISMAN TBK PT 7.25 01/16/25 USD 27.17
INDIA
-----
3I INFOTECH LTD 2.50 03/31/25 USD 9.88
ACME MEDAK SOLAR ENERGY 0.01 08/29/46 INR 16.85
ACME RANGA REDDY SOLAR 0.01 08/31/46 INR 16.74
AMPSOLAR SOLUTION PVT L 0.01 11/03/37 INR 29.03
AMPSOLAR SOLUTION PVT L 0.01 10/27/37 INR 29.07
APG HABITAT PVT LTD 1.00 09/09/28 INR 62.97
APG INTELLI HOMES PVT L 1.25 02/04/35 INR 46.07
APG INTELLI HOMES PVT L 1.25 02/04/35 INR 46.71
ASSETS CARE & RECONSTRU 2.00 03/30/29 INR 68.22
AUTOMOTIVE EXCHANGE PVT 4.00 10/11/30 INR 63.41
AUTOMOTIVE EXCHANGE PVT 4.00 06/01/30 INR 63.62
BREEZE CONSTRUCTIONS PV 0.01 06/29/30 INR 47.97
BRITANNIA INDUSTRIES LT 8.00 08/28/22 INR 31.10
CHANDRAJYOTI ESTATE DEV 0.01 07/06/30 INR 49.18
CREIXENT SPECIAL STEELS 0.01 08/28/25 INR 72.02
CUMULUS TRADING CO PVT 0.01 05/21/32 INR 41.77
CUMULUS TRADING CO PVT 0.01 01/23/30 INR 65.68
DEWAN HOUSING FINANCE C 8.50 04/18/23 INR 26.79
DLF ASPINWAL HOTELS PVT 0.01 10/15/30 INR 45.47
DLF EMPORIO RESTAURANTS 0.01 08/12/30 INR 48.78
DLF EMPORIO RESTAURANTS 0.01 06/29/30 INR 49.23
DLF HOME DEVELOPERS LTD 0.01 06/29/30 INR 51.37
DLF HOMES SERVICES PVT 0.01 06/29/30 INR 47.97
DLF REAL ESTATE BUILDER 0.01 06/23/30 INR 49.22
DLF RECREATIONAL FOUNDA 0.01 10/15/30 INR 45.92
DLF RESIDENTIAL BUILDER 0.01 06/23/30 INR 48.00
DLF RESIDENTIAL DEVELOP 0.01 06/28/30 INR 49.12
DLF SOUTHERN TOWNS PVT 0.01 07/09/30 INR 49.30
DOMUS REAL ESTATE PVT L 0.01 07/11/30 INR 49.31
ECAP EQUITIES LTD 0.01 03/26/31 INR 48.65
EDEL LAND LTD 0.01 03/22/26 INR 68.93
EDELWEISS ASSET RECONST 2.00 07/22/29 INR 66.47
EDELWEISS ASSET RECONST 2.00 03/28/29 INR 67.53
EDELWEISS ASSET RECONST 2.00 01/15/29 INR 68.23
EDELWEISS ASSET RECONST 2.00 10/07/28 INR 69.22
EDELWEISS ASSET RECONST 2.00 11/20/27 INR 72.56
ESSAR POWER TRANSMISSIO 3.00 03/31/43 INR 51.57
ESSAR POWER TRANSMISSIO 3.00 03/31/43 INR 51.57
GREEN URJA PVT LTD 0.01 02/14/30 INR 51.19
GTL INFRASTRUCTURE LTD 6.73 10/26/22 USD 10.38
HITODI INFRASTRUCTURE L 0.01 06/30/27 INR 62.18
JAIPRAKASH ASSOCIATES L 5.75 09/08/17 USD 55.13
JAIPRAKASH POWER VENTUR 7.00 05/15/17 USD 4.58
JCT LTD 2.50 04/08/11 USD 25.75
JSM CORP PVT LTD 0.01 08/31/36 INR 30.99
JTPM ATSALI LTD 0.01 08/29/48 INR 14.19
KANAKADURGA FINANCE LTD 0.01 04/15/36 INR 29.74
KRIBHCO INFRASTRUCTURE 1.00 04/15/26 INR 73.92
MARIS POWER SUPPLY CO P 2.00 04/18/28 INR 70.52
MELOSA BUILDERS & DEVEL 0.01 06/29/30 INR 48.01
MENS BUILDCON PVT LTD 0.01 06/29/30 INR 48.01
MYTRAH AADHYA POWER PVT 0.01 07/05/35 INR 34.42
MYTRAH ADVAITH POWER PV 0.01 07/13/36 INR 31.93
MYTRAH AKSHAYA ENERGY P 0.01 07/13/36 INR 31.93
NEEMUCH SOLAR POWER PVT 0.01 08/29/46 INR 16.85
ORIGAMI CELLULO PVT LTD 0.01 11/14/36 INR 30.61
PRAKASH INDUSTRIES LTD 5.25 04/30/15 USD 22.63
PUNJAB INFRASTRUCTURE D 0.40 10/15/33 INR 45.50
PUNJAB INFRASTRUCTURE D 0.40 10/15/32 INR 48.40
PUNJAB INFRASTRUCTURE D 0.40 10/15/31 INR 51.65
PUNJAB INFRASTRUCTURE D 0.40 10/15/30 INR 55.23
PUNJAB INFRASTRUCTURE D 0.40 10/15/29 INR 59.14
PUNJAB INFRASTRUCTURE D 0.40 10/15/28 INR 63.39
PUNJAB INFRASTRUCTURE D 0.40 10/15/27 INR 68.01
PUNJAB INFRASTRUCTURE D 0.40 10/15/26 INR 72.97
PURVANCHAL SOLAR POWER 0.01 08/29/46 INR 16.85
PYRAMID SAIMIRA THEATRE 1.75 07/04/12 USD 0.26
R L FINE CHEM PVT LTD 0.10 08/19/36 INR 31.53
RAMANI ICECREAM CO LTD 0.01 12/29/35 INR 33.82
REDKITE CAPITAL PVT LTD 2.50 03/30/29 INR 70.37
REDKITE CAPITAL PVT LTD 2.50 01/15/28 INR 74.47
REI AGRO LTD 5.50 11/13/14 USD 0.96
REI AGRO LTD 5.50 11/13/14 USD 0.96
RELIANCE COMMUNICATIONS 6.50 11/06/20 USD 8.96
REWANCHAL SOLAR POWER P 0.01 08/29/46 INR 16.85
SAKET HOLIDAYS RESORTS 0.01 06/29/30 INR 49.03
SHIVAJI MARG MAINTENANC 0.01 06/28/30 INR 48.06
SINTEX INDUSTRIES LTD 3.50 05/25/22 USD 23.63
SUNWORLD SOLAR POWER PV 0.01 08/31/46 INR 16.74
SURBHI INVESTMENTS & TR 2.50 10/21/28 INR 71.17
SUTARA ROADS & INFRA LT 0.01 08/31/30 INR 56.63
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.50
SUZLON ENERGY LTD 5.75 07/16/19 USD 23.50
SVOGL OIL GAS & ENERGY 5.00 08/17/15 USD 0.61
TATA SMARTFOODZ LTD 0.01 04/18/26 INR 67.56
TATA SMARTFOODZ LTD 0.01 11/23/25 INR 70.08
TATA SMARTFOODZ LTD 0.01 07/15/25 INR 72.36
TN URJA PVT LTD 0.10 02/22/36 INR 33.82
WATSUN INFRABUILD PVT L 4.00 10/16/37 INR 62.60
WS T&D LTD 0.10 03/24/29 INR 54.97
JAPAN
-----
AVANSTRATE INC 0.15 10/29/32 JPY 9.75
HIS CO LTD 0.58 02/19/27 JPY 65.37
MITSUI E&S HOLDINGS CO 0.70 09/15/23 JPY 73.91
TKJP CORP 1.02 12/15/17 JPY 0.50
TKJP CORP 0.85 03/06/19 JPY 2.02
TKJP CORP 0.58 03/26/21 JPY 2.02
UNIZO HOLDINGS CO LTD 1.50 11/26/27 JPY 25.09
UNIZO HOLDINGS CO LTD 1.20 05/28/27 JPY 25.90
UNIZO HOLDINGS CO LTD 0.99 11/27/26 JPY 26.19
UNIZO HOLDINGS CO LTD 1.10 11/28/24 JPY 31.06
UNIZO HOLDINGS CO LTD 0.89 05/29/24 JPY 32.05
UNIZO HOLDINGS CO LTD 0.80 11/29/23 JPY 35.00
UNIZO HOLDINGS CO LTD 0.85 05/26/23 JPY 35.98
UNIZO HOLDINGS CO LTD 0.75 11/28/22 JPY 42.01
UNIZO HOLDINGS CO LTD 0.52 05/27/22 JPY 49.14
UNIZO HOLDINGS CO LTD 0.43 11/29/21 JPY 58.39
MALAYSIA
--------
ASIAN PAC HOLDINGS BHD 3.00 05/25/22 MYR 0.90
BERJAYA CORP BHD 2.00 05/29/26 MYR 0.26
BERJAYA CORP BHD 5.00 04/22/22 MYR 0.35
ELK-DESA RESOURCES BHD 3.25 04/14/22 MYR 1.08
HIAP TECK VENTURE BHD 5.00 06/23/21 MYR 0.50
HUME CEMENT INDUSTRIES 5.00 05/29/24 MYR 1.79
MALAYAN FLOUR MILLS BHD 5.00 01/24/24 MYR 1.86
MEX II SDN BHD 6.40 04/28/34 MYR 66.01
MEX II SDN BHD 6.30 04/29/33 MYR 66.84
MEX II SDN BHD 6.20 04/29/32 MYR 67.90
MEX II SDN BHD 6.10 04/29/31 MYR 69.25
MEX II SDN BHD 6.00 04/29/30 MYR 69.69
MEX II SDN BHD 5.90 04/27/29 MYR 70.73
MEX II SDN BHD 5.80 04/28/28 MYR 72.06
MEX II SDN BHD 5.70 04/29/27 MYR 73.20
PENGURUSAN AIR SPV BHD 1.00 02/05/36 MYR 61.99
PENGURUSAN AIR SPV BHD 1.00 11/05/35 MYR 62.49
PENGURUSAN AIR SPV BHD 1.00 09/28/35 MYR 62.90
PMB TECHNOLOGY BHD 3.00 07/12/23 MYR 5.60
SENAI-DESARU EXPRESSWAY 1.35 06/30/31 MYR 69.81
SENAI-DESARU EXPRESSWAY 1.35 12/31/30 MYR 71.31
SENAI-DESARU EXPRESSWAY 1.35 06/28/30 MYR 72.78
SENAI-DESARU EXPRESSWAY 1.35 12/31/29 MYR 74.21
VIZIONE HOLDINGS BHD 3.00 08/08/21 MYR 0.02
NEW ZEALAND
-----------
PRECINCT PROPERTIES NEW 4.80 09/27/21 NZD 1.14
PHILIPPINES
-----------
BAYAN TELECOMMUNICATION 15.00 07/15/06 USD 22.75
SINGAPORE
---------
ASL MARINE HOLDINGS LTD 3.00 03/28/25 SGD 41.75
ASL MARINE HOLDINGS LTD 3.00 10/01/26 SGD 41.75
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.07
BAKRIE TELECOM PTE LTD 11.50 05/07/15 USD 0.07
BLD INVESTMENTS PTE LTD 8.63 03/23/15 USD 4.88
BLUE OCEAN RESOURCES PT 8.00 12/31/21 USD 22.00
BLUE OCEAN RESOURCES PT 8.00 12/31/21 USD 22.00
BLUE OCEAN RESOURCES PT 8.00 12/31/21 USD 22.00
ENERCOAL RESOURCES PTE 9.25 08/05/14 USD 45.75
ETERNA CAPITAL PTE LTD 8.00 12/11/22 USD 46.90
ETERNA CAPITAL PTE LTD 7.50 12/11/22 USD 68.82
EZRA HOLDINGS LTD 4.88 04/24/18 SGD 5.00
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 27.39
GOLDEN LEGACY PTE LTD 6.88 03/27/24 USD 27.46
INDO INFRASTRUCTURE GRO 2.00 07/30/10 USD 1.00
INNOVATE CAPITAL PTE LT 6.00 12/11/24 USD 25.41
ITNL OFFSHORE PTE LTD 7.50 01/18/21 CNY 17.25
JGC VENTURES PTE LTD 10.75 08/30/21 USD 39.00
MICLYN EXPRESS OFFSHORE 8.75 11/25/18 USD 16.23
MODERNLAND OVERSEAS PTE 6.95 04/13/24 USD 40.12
NT RIG HOLDCO PTE LTD 7.50 12/20/21 USD 58.13
ORO NEGRO DRILLING PTE 7.50 01/24/19 USD 14.28
PACIFIC RADIANCE LTD 4.30 03/31/20 SGD 10.00
RICKMERS MARITIME 8.45 05/15/17 SGD 5.00
SSMS PLANTATION HOLDING 7.75 01/23/23 USD 69.81
SWIBER CAPITAL PTE LTD 6.25 10/30/17 SGD 4.20
SWIBER CAPITAL PTE LTD 6.50 08/02/18 SGD 4.20
SWIBER HOLDINGS LTD 7.13 04/18/17 SGD 6.13
SWIBER HOLDINGS LTD 7.75 09/18/17 CNY 6.13
SWIBER HOLDINGS LTD 5.55 10/10/16 SGD 12.25
SOUTH KOREA
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HEUNGKUK FIRE & MARINE 5.70 12/29/46 KRW 42.14
KIBO ABS SPECIALTY CO L 5.00 02/24/23 KRW 71.81
KIBO ABS SPECIALTY CO L 5.00 02/28/22 KRW 73.01
KIBO ABS SPECIALTY CO L 5.00 02/24/22 KRW 73.87
KIBO ABS SPECIALTY CO L 5.00 08/28/21 KRW 74.59
LOTTE CARD CO LTD 0.18 06/28/49 KRW 37.34
POSCO ENERGY CO LTD 5.21 08/29/43 KRW 64.57
SAMPYO CEMENT CO LTD 8.30 04/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 7.50 07/20/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.30 09/10/14 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 04/12/15 KRW 70.00
SAMPYO CEMENT CO LTD 8.10 06/26/15 KRW 70.00
SINBO SECURITIZATION SP 5.00 01/26/22 KRW 62.49
SINBO SECURITIZATION SP 5.00 01/25/22 KRW 62.50
SINBO SECURITIZATION SP 5.00 02/23/22 KRW 62.76
SINBO SECURITIZATION SP 5.00 06/27/22 KRW 64.48
SINBO SECURITIZATION SP 3.00 11/21/23 KRW 64.58
SINBO SECURITIZATION SP 5.00 07/24/22 KRW 64.75
SINBO SECURITIZATION SP 5.00 07/26/22 KRW 64.76
SINBO SECURITIZATION SP 5.00 08/31/21 KRW 65.29
SINBO SECURITIZATION SP 5.00 09/26/22 KRW 65.77
SINBO SECURITIZATION SP 5.00 08/29/22 KRW 65.86
SINBO SECURITIZATION SP 5.00 01/25/23 KRW 65.86
SINBO SECURITIZATION SP 5.00 08/31/22 KRW 65.88
SINBO SECURITIZATION SP 4.00 04/15/24 KRW 66.03
SINBO SECURITIZATION SP 4.00 12/25/23 KRW 66.26
SINBO SECURITIZATION SP 4.00 12/25/23 KRW 66.26
SINBO SECURITIZATION SP 4.00 06/30/24 KRW 66.65
SINBO SECURITIZATION SP 4.00 06/30/24 KRW 66.65
SINBO SECURITIZATION SP 3.00 01/29/24 KRW 66.92
SINBO SECURITIZATION SP 5.00 07/24/23 KRW 67.07
SINBO SECURITIZATION SP 5.00 06/30/23 KRW 67.13
SINBO SECURITIZATION SP 5.00 06/27/23 KRW 67.13
SINBO SECURITIZATION SP 5.00 10/24/23 KRW 67.67
SINBO SECURITIZATION SP 5.00 10/24/23 KRW 67.67
SINBO SECURITIZATION SP 5.00 07/26/21 KRW 67.88
SINBO SECURITIZATION SP 5.00 09/26/23 KRW 67.88
SINBO SECURITIZATION SP 5.00 09/26/23 KRW 67.88
SINBO SECURITIZATION SP 5.00 09/26/23 KRW 67.88
SINBO SECURITIZATION SP 5.00 08/29/23 KRW 68.07
SINBO SECURITIZATION SP 5.00 08/29/23 KRW 68.07
SINBO SECURITIZATION SP 5.00 11/21/23 KRW 68.61
SINBO SECURITIZATION SP 5.00 02/27/24 KRW 68.75
SINBO SECURITIZATION SP 4.00 01/29/24 KRW 68.90
SINBO SECURITIZATION SP 4.00 01/29/24 KRW 68.90
SINBO SECURITIZATION SP 5.00 06/30/24 KRW 68.97
SINBO SECURITIZATION SP 5.00 01/29/23 KRW 70.55
SINBO SECURITIZATION SP 5.00 12/25/22 KRW 70.81
SINBO SECURITIZATION SP 5.00 12/25/23 KRW 71.15
SINBO SECURITIZATION SP 5.00 02/28/22 KRW 73.01
SINBO SECURITIZATION SP 5.00 03/20/23 KRW 73.31
SINBO SECURITIZATION SP 5.00 02/28/23 KRW 73.48
SINBO SECURITIZATION SP 5.00 12/27/21 KRW 73.69
SINBO SECURITIZATION SP 5.00 06/29/21 KRW 74.88
STANDARD CHARTERED BANK 3.02 11/10/35 KRW 74.78
STANDARD CHARTERED BANK 3.00 10/16/35 KRW 74.92
SRI LANKA
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SRI LANKA DEVELOPMENT B 4.77 01/22/25 USD 63.25
SRI LANKA DEVELOPMENT B 5.98 01/22/25 USD 65.25
SRI LANKA DEVELOPMENT B 6.02 01/22/25 USD 65.35
SRI LANKA DEVELOPMENT B 6.05 01/22/25 USD 65.43
SRI LANKA DEVELOPMENT B 6.50 01/22/25 USD 66.57
SRI LANKA DEVELOPMENT B 6.75 01/22/25 USD 67.20
SRI LANKA DEVELOPMENT B 6.80 01/22/25 USD 67.33
SRI LANKA DEVELOPMENT B 6.82 01/22/25 USD 67.38
SRI LANKA DEVELOPMENT B 6.87 01/22/25 USD 67.51
SRI LANKA DEVELOPMENT B 4.09 05/01/23 USD 72.94
SRI LANKA DEVELOPMENT B 4.13 05/01/23 USD 73.00
SRI LANKA DEVELOPMENT B 4.22 03/16/23 USD 74.28
SRI LANKA GOVERNMENT IN 6.75 04/18/28 USD 62.87
SRI LANKA GOVERNMENT IN 6.20 05/11/27 USD 62.99
SRI LANKA GOVERNMENT IN 7.85 03/14/29 USD 62.99
SRI LANKA GOVERNMENT IN 6.20 05/11/27 USD 63.05
SRI LANKA GOVERNMENT IN 7.55 03/28/30 USD 63.09
SRI LANKA GOVERNMENT IN 7.85 03/14/29 USD 63.10
SRI LANKA GOVERNMENT IN 6.75 04/18/28 USD 63.14
SRI LANKA GOVERNMENT IN 7.55 03/28/30 USD 63.15
SRI LANKA GOVERNMENT IN 6.83 07/18/26 USD 64.16
SRI LANKA GOVERNMENT IN 6.83 07/18/26 USD 64.20
SRI LANKA GOVERNMENT IN 6.85 11/03/25 USD 65.04
SRI LANKA GOVERNMENT IN 6.13 06/03/25 USD 65.09
SRI LANKA GOVERNMENT IN 6.85 11/03/25 USD 65.12
SRI LANKA GOVERNMENT IN 6.13 06/03/25 USD 65.19
SRI LANKA GOVERNMENT IN 6.35 06/28/24 USD 68.09
SRI LANKA GOVERNMENT IN 6.35 06/28/24 USD 68.13
SRI LANKA GOVERNMENT IN 6.85 03/14/24 USD 68.21
SRI LANKA GOVERNMENT IN 6.85 03/14/24 USD 68.27
SRI LANKA GOVERNMENT IN 5.75 04/18/23 USD 71.06
SRI LANKA GOVERNMENT IN 5.75 04/18/23 USD 71.09
SRILANKAN AIRLINES LTD 7.00 06/25/24 USD 61.17
THAILAND
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G STEEL PCL 3.00 10/04/15 USD 0.55
MDX PCL 4.75 09/17/03 USD 22.88
*********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter-Asia Pacific is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Marites O. Claro, Joy A. Agravante, Rousel Elaine T. Fernandez,
Julie Anne L. Toledo, Ivy B. Magdadaro and Peter A. Chapman,
Editors.
Copyright 2021. All rights reserved. ISSN: 1520-9482.
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